HomeMy WebLinkAbout2655 3. To pla<e a.+d ccu~i~n~o.+s~~r ~cep on ihe b~;'d~nyt ~~uw w hereaftN s~?uat~ ~n s+~d Iand and on at: eq~~~.ron~ m,d persa~ally covered by lhis ~nw~g- .
ag~. w;th •11 p~~n,~v,,,a i6.•~ev~ pad ~n I.,ll, Gre ~~~tiu~~nce ~n the vwai s~a~~da~J pot~cy fwns, m a s~~n eNy~u.aK1 L~t thr MOk~i,:~Gf[. a~:d wi~xis~am
~ns~ra~ce in the w~~a1 s!.~:~.io~d ~+~~~ry fo~~n, in a wm ++{Nwed by ~~~e A10RTGAGEE. such cw+~pa~~y o~ co~~~pan~es aa the htORiGAGfE may
dvM; a~x! aQ hre a~.d w~ndaturm inwr~~~te pot~c.as on any ol s+:d k.vdd.nys. a~Y inte~ast the~ein or Hyrl IF.rrcul, in the agg~•.ye~e t~~n aforetaid or
in excess Ihe~ of, ~hall :~nia~n ~e~•, vsvai a~a~1J~~J mOr~qagee ;~aus~ o~ ~uch o~her d+vtie as ~he Mw~ya~re nuy ~cy~.r0, m+l~~g ~1~e ioat wKlr se~d p~l~
c~es. each and every. pa~ob~e to se~d :\{~)RiGAG4E as ~mc~.s~ m~Y a{Knu. ~nd each and eYe.y s~rch p~•.cy ~h,,tl i,e p~un:Nr.y •?sy~~rd r~~J dr6.c~re1 to
an~ held by u~J xJ~e;,aGiE as f::~th,~r secun+y eo s.ud ~.~:~.~ya~e d~b+, a~,d. rw+ less than ~en i~Ql dr~f ~d.a,~ce of ~1~r e,~.,~ar~c~~ of e~ch poi~cy. to d~-
Lvet t0 se~d MOR~GAGEE a rair.~a~ theicof, ~oge~kt~ .ro'•h a ~ece~pt for ihr p~emwm ol svch re~~rr~~: a.~d d~r~c sl~a~t fx rw hre o~ w~~~Js~orm ~nwr~nct
plKed On anY ol sa.d Lti,~'d~•~9s. any inrcrest Iherem d pirl Ihereof, ~n!rss in th! lo~m and wdh Ihe +oss payable ~s nfc~esa~d: ~nd m Ih! event any sum
of money beco~~es payabir i~~xlrr such poG~y w poLurs sa~d AWRIGAGEE shall Fwve ~Ae opr~on ro rrce~ve .:~~J .+pi :y ~7.e s.~~:~e o~ ecco~~~t o! ~he ~~~d~btrd
neta tetvr~ htrcoy M W pr.m;t sa~d lNORTGACsORS lo rKC~~e ~~~d uf! it W ~r~y pa~l U~r.roi ou~.~r ~.u+, ,,~.~s. :+~~~•...:t th u; .rs..~ r,,:~o~~-
;.y aoy equ,ty, I,en w~+y?~t un.ier or by v~riue of !h~s mo: rgryr; and in ~he event sa:d MORII;AGORS sh.~ll !p any ~rason Iril _1o krep ~hc sa~d prem~srs so .
msurcd. p(ail lo drtnr~ Hr~up~iy any o1 a..id po~.r:es of ~nsura•ue to sa~d 1NORIGAGEE. ot fed p:on:p`ly ~o ~~ay fu:ty an~ pr~~„w,n thr~rfw p in a~Y
r~s~xct tad to pe~fu~~n. d~s~he~yc, eaae ~~te.
e_fFeu, compir~a, co:rply witb and ab~de by th~s covene•z~. o~ any p.~~t A.reof, s~~d MURiGAGtE oisy p~ace ~~~d
pay fOr such insur.~nce or any ~a,t 1h~~tof• w~thout waivii~g ot at(etling any Opucx~. lie~. rqu~ty. w r,~ht u~der d h; v.~rue o~ th.it Moreqage. and tht
f~ll anw~ot ol rach and e.ery auch p_~mrnt fhsll be i~.,~,xd~ately due and payabtc a~~d shofl b.~er intrr.•st f~o.n ~ha date the~cof ur:iil pr~d at ~he ra~e ol
n.ne per crrit~~n µer a~vw•~ ~nd to~
~t~,rr w~}h such ~nfe~est shan !~r s~urcd by the t~en oi th~s mafgaye.
Ta permit, comm;t or s~~tier ew was~e, impairnient p d.-ter~orat~on of sa~d property o~ any per~ ~hc~eof.
5. To pay sll and s~ng~:ar ~hr costs. cMrges and ez}xntes, h~cluduig a reasa~able atrornrr'~ ~ec and cos~s oF absfrrc~s ol t~~!e, :::curred w pa~c! at
eny Inne DV s~~d N.ORivAG:E, bec•wse or i.~ Ihe ere~~1 of Ihe fa~iure on 1he pa~l of IAe aan! 1~tORiGAGOR to duiy. ~cu~~ptly and fu:!y H-s:.:o~rn, d.tchorqe.
-.ecute, rf1K~, ca~+pterr, co npty ve th a~•d ab c!r by each and every ~he at~~n,la~~o~s, agrerme~~ts, ca+dr~ons, and co+e:~a~~'s o~ so~d p~a~~,~sory note a~d thi~
,.urfgage any or e~+he~, a~~d sa.d co~ts. char~es and ex~~srf, each ancf evrry, sha~l L,t immrd~et~ty dvr and ~ayaC:r: wh:~he. a not ffi~~e be no+~ce d~
~~end. aftanpt to co:~ecr o~ s~~it ~~,d..•g: a~xl the full a,novnt of esch ar~d t~e~r svch pa~~~iem sha!I brar ~r~r._r~s~ lrom tA~• date therrof ~ntil pa~d at th~
+e o' ~nie utr ccntu~» p.r a:~• n; . n.t eu se~d custs, c?urgrs and ca{x~~ans it~t~rrrd w pe~d, toyCtl~r w~th s~ch ~ntrrrst, shall be sacured bY the i~en o1 th~f
r.,ortgage.
b. That (a1 ia thr evrnt af any brrach o1 this Mongage or defavh on ~tr pa.t oi tfie M.ORTG~GOR, or ;h) ~n ~hr evc~t any ol sa'd sums of money
t~r~e~n refe~rrd to be not pro,n~~r~~ a•.d iv+~Y F~•~ w~~h~n ~h,•t~ ~30! d.+~s nex! a•r.~r the sa,~x se~ere'ty bci..~•:e d~~ a.^.J pdydV~t. W~~~bVl demand W nolue.
cr ~,c) ~n the e~e~t ~vch a.+d evrry ~hr s+~p..:an~s, a9rreme.~ts, conJ~r,p~s and co~eoants ot aed 4•~w+~~sw~~ ~•o~e mKl +h•s nwrtgage any w e~~her are not
ic'y. pro",,e~~ a.+d fu'!~ pc+f~rme•d. t1~:~+a.qed rwec~~ed. efirc~ed. canp:eted. compLed v.~ih and ab~Jrd `ay, then in enhcr w any avch evem the wd ag
~reya~t s~'+~ ~nent.o~~ed in sa~d pro~• „sory ~w!e thcn ~tma~neng unpa~d, wuh intrresl acc~ued, a~~d ali nw~~cys xcured Fxr~by, she:l txton~e due a~ pay
ab.e lorth~n~th, er therea!:ar. at the op•~on of sa~d 6~ORIGAGEE, as fuily and Cornp!etely af ~i efl 01 tl~c S.+d svms of muney wer! W~g~ne:ly lt~pu:ated
r~ ~ p.~ d un s:.:!~ .i.:, .,ny~fi~nq se d~:ro~n:ssay ooee or in ~hcs Mortgage to the _aurary nota~thatand::~y, and ~hr.eu~wn w ~hrrcafter af the op~~on of
s~ d MOR1GAGiE, ut no~.:e o. dr~na~+d, w~t a~ law a in rqu~ty, therefore or therca!tcr beyun, may be p.oarcu~ed as ~f all ~no~eys secu.ed hereby
n~d mat~red Fu.or t_ .rs ~:~i~~`u~ion.
7, Tha+ ;n ~he e.r:v fha~ at r!.e bry~nn~rg of a at any time pend~ng any suit upon this Mo~rqage. a to (woclose it, or to ?efwm it, or to entorce
j-ayment of anv c~: ~."s h~••c.,•~de.. w~d t.~ORiGAGEE shall spply to the Co.~rt hav~.g ~w~sd:ct.on th.•,~~ot for the .:pyo.ntmeot o1 a Rece~~er, such Cou?t sha~l
fo~r:..~th apF~~~t ~.ecr~.r• o~ s~~d mor:gaged proor~tv all and s~~v~~:a?, i~u~xl.~•g a:1 a~~d s+~~3u~ar N:e i.xo~+~e, p:ohfs, ~ssurs a~d reve+~ues from whateve
seu•ce dr~~ved. each a~.d e..ry ef ti~hc~.. +r be~~~g exp~ess~y onderuood, ~s ~erely morryaged as if spec.t~ca:ly set fo~~h and desu~bed in the granr~ng and
habcndum ca~•sza brreof, and svch R~~cr~.er sha;~ here ail the b~aad and effecf~~e funct ens and pr..els ~n anywae emr~sted by a Cou•t to a Receirer, and
s_:h sppa:in•r~e~~t sr,.aif be r-ade by s~ch Ccurt as an ad:»~tted equ~ty and a~*+a~ter of a~so:ure nght to sa,d MURiGAGEE, a~d w~ihout refere~ce to the
ndeqwty ~nad.~,;.acy of the va:ua of tne properly mdtgaged or to the so~vr~ty w~risot~ency of sa~d /d10RiGAGUR o~ the deiendents, dnd thaf suth
~r~~s, prof~ts. ~nca;~nc. ~asues and re.en.,es sh~ii be app:~ed by such Rece~ve~ scco+d:ag to the Gen w eqvity of sa~d Mt)RTGAGEE and the pract~ce of such
Covrt_
8. To du:y. FromFt'y ar.d fv'~y pe~fwm, d~scha~ge, e~ecc~te, e~Fect, comp~ete, c~mp~y w~~h and abide by each and every the st~puiations, agreecnenta,
mndif~ons and cu.enan~a .n se~d promasory note and th:a morrgage ser }orth_
9. That ~n fhe e~.r~t ~he Ow~C'SFuQ ol the mortgaged prem~ses, a any part thereof, becomes vested in a pe~son othe~ th~n the MORTGAGOR, the
~•pRTGaGF£.'~ts s4ccrss.;cs atzd ass~gr.:, may, wi+hout nonce to the A1021GAOR, deal wnn such s~ccessw o: wccessor in imerest w~th refere~ce ro th~s
m,•fgage a~d ihe d_ct here~y sec~red ~n the same manr.er as whh Mortgagor wnhovt in any way vir,at~ng a d~scha.g~ng the Morrg,gori liab~hty herr
:^dar a ucwn rhe d~•ef !:~*e,~, se:u.ed. No sate of tl~e Fre~r.~ses hereby mongaged and no +o:bearance on the pa~t of the !AORIGAGEE or its svccessora
a ass~g•~s and ^o ex'_~~s.oo o! rhe r,:•,r ior thr payment of the debt hereby secu~cd g~ven by tAe 6tORTGAGE`_ o~ its s~ccessws w ass:gns, aiiall ope~ate
ro rrrau. d.s.hargc, mod;fy change or affect the oria.nal i~au.~~ty of the MORiGAGOR he:e~n, ei~her in vvho~e a in part.
10. ~t is spec~f,ca~:y ag~red ri,~r rime is of the esse~ce of fh~~ contracr and that no waiver of any ob':gar~on hereunder or ot the obiigation se-
c~red hereEy s!+a'. at ant tiK~e ~nerrahzr be he!d to be a wo~ve~ oi the terms hereof or of the instrumem secured Ae~by.
- 11. In ~a~.• !o th~ fore_o n.w~m'y ~ymcn~s o~ ~r•i^.c pai and +~~r_rrs~ requ~red by the prom ss:ry ~•e•r s~_cu~eci hureb~, mo:tgagor covenants
e^d ag*a~es to ;:ey 'e ^ ~•+g3gre ea.h mun~h y pa,~. e+~t ar. add.~ionai sum rst ^ a+ed by mo~rgayee to be equai to 1, 12 of ti;e annual cost of the lo~iow-
„3:
A-Ati reat ~,rcpe~t; ra¦-s ~•:e:'. o• assessed aqa+~~st the above describcd n~at estare.
g c_,>.,_._ -5 t:.,. e~-d „,:ts~v•~~su~arce as ne~c~n r~-q~:rc~ to be ca.~;_d en the •mrrovements s~tvate on tt:~ above d=scr;bed premises.
C-P+e:~•v,^s e^. such To••~-ge gua•.in!r iew~arce as mwtgagee sF+all frovr t•r:~e to tvne deem f~t to tarry on the ban sec~red hereby_
N,o*rc3cre s~ - r'cR'. ~~e +~o•~f> m..~y~gcr :n wnnng of tFx a^ o.~t d.,e and pjyab:e hereundrr and s~~ch su~~ sfiasl tha~eupo~ be due and
..._b'e =:,E c~ _ ^:o~Tn., payTC~ir a~~d each s~ccess~ve ~rovh the-eafrc• u~,tr. merTg.?gee sha'! nor:~y .nort~ago+ of a change in such
j .',~unt. 5~:~ s~ ~s s- -r_ a~t :rJ •oy mortgag_~t to,na•d the payment of real pro~ierty taxes, insvrance p~em.vms, a:~d mo~tg~ge guaranly ins~rance
~ . ~~^:ums. ~ r
Iy :.ri:~'=.~~ •~:r sa~d MORTGAGOR has hereunto se: his har.d and sea~ the day nd year first aforesa~d.
S~gned, Sea:ed a^d dr'+.ered ;n the p?ese e o~: , - ~
' L aq
. ~ ~ I OA • O
• . i _ L
(seah
. 6~lZd ~ CO
- - ~ . ~a7
s::.~E o~ ftORlDA ~
St • L11Cle ~
~JU'~TY OF - - - - - ~
Befo-e me perscna;Ey appearcd MaZ10II SCOtt and
_ _ ____~/eL1Za P~ JrCOtt 'fn'S'wife, to me w~efl know~ ~+d knaw~ f0_d~e M b~
r%.e ir~~wdw~s des:r:trd ~n ar,d w'ho eaecuted !!±e foreqang instrument, and +dnowtedged'befo~v me that they exrwta~ ~f~e.sArrls_~b%.'~M pWpases
Veura P. Scott ~ ~
~~.~rttn l~~r~3S!d. And the sa;d - - - - , , ,
, Marion J. Scott "
~ of ,!x .a ~f - - - - - -i ,r vc
e.~T. r.a~.an by :^e taie~+ s~~.a~ete e~+d apa.t frur+ hr~ sa~d husband, ~tk~owledged ?o and before me that she execu~d ~ i~ (t~~y ~oMN?~
ra-.:~ an6 tnc~~+ an~ co-r;;,,a~on. co~s+ra~nr, ap:prrhezs•ae, or teer of or frorr. her u~d h~sband. , a t
~ € ~
WIT'~E55 m~ hand a~d oH;c,ai seal th~s -,-L - - _ day of- - 'J~___L_--~--- : ~ r . j~..~9':71
, f . ~
i . . ~ •r: ~ • , .
- - ~ ~ - i _~i ~ ' Y~ ' ~ r ~ ~ ~t ~ C''
, Notery; Pub~~c in and }d ~h! Staf6 p{ F{olidaaf'I.~p!
My Comm~sa~on e~pires: ~ , . ~
~.r,•~ tc ' '~OTAAY Ptlt3t_t.^, ST.TE (N'f1~3R!QR AT LAR~E
f~rsr Federa: Sa.~fga 6 loa~ Assoc;ar.on ~Y (")1..::.iS~ILi'~ EXi'i:?i-;, Hn•t. 2, 1975
c• GENERAL iHSI~RI?NCE UtsD~R1YRITERS, INC.
i:.,•r 'r....~. F .
2.121 ~3
f IIED AMO Rf COR f 0
Th~s Inst~ument Prepared By RiChaZd K. Kaye~ T~AOCER ?0 TRASU -
First Federai Sav~ngs 8 loan Association CIER[ CIRCWT C~ilAt
oi Fort P~erce ~ FlOZida IIEC0~0 YEqfF1E0.~.~,..
Checked BY• - - - - - ~ ~ 2 ~ ~ ~ ~ ~
- ~,...(t!~
° k 193 2652
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