HomeMy WebLinkAbout1137 To plxe •nd ca+linuously keep w? tl+e bui!d~ngf ~ow ot hercaller filuate on »~d Isnd and on al! .•q.~ip~ncM and pe~fonally comrcd by thif morlg.
p~. with •II p~tmi~m! IhetlOn pa~d in ~ull, f~rc mtur~nce ~n the ~fual ft.~itilard po?~Cy IJnn. in a?um aHyiu.cJ l~~ th..~ MUR~~,r~GFl. a~•d wlndttorm
~~w~aoce in tM u?wl irsnda~d po~~cy fam, in • swn •ppro.ad by the A1pRTGnGEE, in such con+Nany or co~~~; •~n•es as ihe MORtI;AGEE may
direcl; ~nd al! lir• ~nd w~odf~o~m in~ura~c~ poGtief on +ny ol sa~d build~~x~s. any inlereat the~oui or parl !hcrcul, in the ayg~. gare svm sloretiaid p
in •atess Il+rreof, sMll coMain 1hs uswl ftandrrd mor~gagre claute or such od~ar ci~use as Ihe Mortfla~ee mey ~eyu~~0. making the foat U~~(JCf se~J pol~
cies. e~cA ~Ild ~YH~I. payabl~ tu s~id hK3RTvAvEE ~a ~b ~~~te~esi may ippoa a~~c1 each and e.e~y svch po!~cy shalt tx pron,pi~y a~s y~~ed a~~d d.i~vcied to
•ny 1?eld by f~id MORTGAGEE ~s iurthe~ set~~ity to aaid mo~tpa~e Jeb~, a~id, oot cfs ihan le~~ (101 days in adron~c ol thr ea~~ua~~o~ ol cach policy, to de-
I~w~ to u~d MORTGAGfE a renewal thereol. tagNh~r with ~ reccipt tor the promwm ol i~ch ~e~~e.~a!; a~~d thcrs ahall bc ~ro L~e o~ w~~~d~~o~~n i~s~ra~ce
pl~ced on ~ny ol s~~d buiid~nfls, any in?e~est therom a pa~? the~eof, w~?cas in ~he fonn and w~th ~he +uaa payau~e ai ofo~c~aiJ; encl in ~he s.enl any aum
ol morNy beton+e~ paY+ble w~der suth policy w po~Kies said MORTGAGEE sh..ll heve ~he opnon to rcic~ve :~nd ap~+~y N~r aa<i~e on ec~u~nt o) the i~~Jeb~ed•
ness setured M+eby o~ b pe~mit snid MORiGAGORS ~o recriv~ •nd we it ot any port thercof I~~r u:~~.•r ~.u~; :n. s. ..,~i.:;,t ~h , ~ ~~~~p~,~-
iry any ~qu~ty. Iie~ or right unde+ or by virtw O~ thit mor'gagr, •nd in the event sa~d MORiGAGORS sha~l !o~ any r~asun feil to kcep ~hc sa~d pro~n~ses tio
insured. pr f•sl a d~Iiver {xwoptly any of faid pol~c~es ol ~niurance fo said MORTGAGtE. or la~l ~~::~~nptly to pay (ully eivy p~r°~uv=r. the~efor or ir~ a~~~
ro~ped fail ro perfo.m, d~scharge, execurs, •ffad, complr~e, co~np~y wi~h snd sb~de by ~h~i covrnam, o~ any pirl hrrcoi, sa~d MURIGAGEE n,ay pk~ce a•~d
paY }or such imuru~c~ w~ny p~~t ~hereol withou~ w~ivinp or •ffedinq any opt~on. I~en, rqu~~y, or n~l~~ vnder w by wrtue ol th~s Morlg~fls. and the ~
fu11 ~mo~ot of each ~nd ~very such paymem shalt be immedi~fely due and payable and sha~l bear i~~~rr~•s~ frw,~ the do~e ih.:~rof u~~~~l pe~d at ihe rat~ ol
nme pe~ uo~~m per ann~m snd together w~fh ivch interes~ shal+ ix s.c~rcd by ~he l~en o) Ih~s mortgaye.
1. Tp permi~, commil or wFfe~ no weils, impai~meM a detenorot~on ol said property w any part thercof.
S. To pay •II ~nd sin9utu tM costs, cMrpes ~nd eape~ses, including a~easanebte anomey'i fee a~~d cesis o( absf.ncts of inie, ~r,cor.ed o. pa~d at
any fime by sa~d MORiGAGfE, b~c~use or in fhs eva~t oi t!m fa~lura on iht pa~~ of tht sald MURIG.~GUR to dul~•, p~or.~pNy and 1u~~y ~•!•~~or~». d~scherge
exccute, eiiM, compiete, twnply w~th and ab.de by each snd eve~y ihe stipuiat~ons, ag~rements, cond~t~oni, and co.•.r~~an~s ol s.+~~l l:~~~~:+.~.y n~~f« a~~d +~~+s
noriQ~ge aoy a e~~her. •nd sa:d cosrs. cha+grs and expensea. e~ch and e~e.y, ahall be imnerd~a~cly dve and piy~b:c; w~nmer or no~ ~h.•:r be ~o+~cr d~~
m,nd, atrempf to colletf ot suit pe~d~ng; a~d the full a~nuunt of each and e~ery svch paYn,rnr shal: bea• interest Irom fhe da~e dxreof unril pa~d at fhe
~~+c o~ n~ne per ccnt~m per annum; arw all said costs, chuges anel cx;xnses incurrrd or pa~d, ta,~ethcr w~th auch ~nfav~t, shail be secwrJ by the i~en of th,~
mat9ag~_
Tha1 i~) in tAe event of ~ny breach o( th~~ Vbrtg~e a defauN on the pa~t of the h1URiu~GOR, or ;h) in thc cvrro any of aa d sums of money
~
herlin re+c•nlC~ f0 be not promptty •n(~ ~u~ly pa~d wit~~~n itn.TY ($vi ~oTi ~.c : d'tc~ ii~~ >a~~~v Severa~'iy (x~U~~ie c~ue and paynl~lp, W~~IWUt de~~a~d 3rne+~ce,
or ~c) in ~he evcnt each and every ~he sr~putatwns. agreen+enrs. cond~~~ons and covenan~s ol sad F~rorn~swry note a~~d ~h,s mo~~gaye arty o~ edhe~ are not
it~IY. promptiy and ~~Ily p!t}pmed, d~xMrged, e~ecuted, e~~ected, tanpteted, compl~ed w~th and et~~d~~d 5y, then in enher w any such event the ~a~d ap
~•ega!e sum me~twned in ss:d µeom~ssory note then remaining unpa~d, w~th ~~te~est ac:~~rd, a~~d at( moneys sec~~ed hefetr, ~F~ulf txcume d~e and pay-
~b:e forthwrth, cv fhereafter, d th! opt~on ol sa~d h10R1GAGEE, as I~ily and co.npletely as i1 atl of tbr, sa~d avma of nwney were or~g~nsily fGp~;ated
~o tx pa:d on svch day, anythin9 i~ sa.d prom~sso~y note w in ~his Alortgage to the con+rary not..nhua~~d.~~g; ar.J iherru~>on o~ ~hereafrrr a~ ~he op~~on of
se.d MORiGAGEE, ~+~±M~t oot~ce or demand, suit a1 Isw a in equ~ty, tha~efore or therraitrr beyvn, may be prosecuted es ~f atl moneys ~ecured he~eby
nad ma~wed pr~or to es ms~~tutwa.
7. Th~t in ths svent ?hat at the beginn~ng of or at any time pend~ng any su~t upon this Mo~tgaye, or to ioreclose or to re(orm it, or to e~fo+ce
; ar~*+ent of •n~ cla~ms Aereunder, a~id MORTGAGEE shall apply to the Cour1 having iurisd~chw~ Ihc~eof tor thr apE o~nhnent of a Rece~ver, such Cou.t shal)
1o~Th.v~th apFw+nt a~ecd~er ol said mortflaged prooerty all and sinyul~r, inciud:~g akl and s~nyu~ar the incon,n, ~.rol~h. ~ss~es acd rrvr~ives from whatever
s: vice dr~~veci. eacR ~nd every of wh~ch, ~t be~np eapressly underatood, is he.eby mo~t9aged as ii spec,i~catly set forrh and drscnbed i.~ ~he gra.~n„g and
h3bcndum dauxs hereof, and such Receirer shalt Fuve atl the broad and efiectwr fvnct,o~,s end ~rower~m anyw~se ent~~s+ed by a Co~rt to a Rea_n,er, a~~d
s.ch eppointma~t shs~t be made by suth Court as an admitred eguity and a mauer of a~sulure r~ght to sa~d-MORiGAGEE, and w~ihou~ ~e(crence to Ihe
edeq;;scY w inackqwcy of the wlue of the properry rtwr~gaged or to the so:vency o~ mso~vency o1 sa~d MORiGAGOR or the dete~sd~~ts, and that such
.c~r~, prof~n, incwne, issues and revenues shall be applied by such Rece~ver accord~ng ~o the lien or eq~rty of sald MORiGAGEE a~~d the prachce of such
Coun.
8. To d~•v. P~a^Pt~Y and fully perform, discharge, execute, e~1ecL complete, cortiply with a~x! abide by each and every the stipuiations, agree~nents,
condrtions and cuvenanrs m aa~d promissory note and th~s mortgage set torth.
9_ That in the event the ownership of the mo~tgaged prem~ses, or any part thc~eof, beca»es vested in a person other than the MORTGAGOR, the
M~RTGAGEE, irs wccrsaas and assigns, may, wiiho~t nof+ce to ~he l~~ORSG40R, deat w,~h wch successw o~ successor in interest w~~h reference to th~s
•••o•tgage ard she d~b~ hereby sccur~d in the same manner as with Mort~ago. vc~tt,out in a~y way vit;ating or d~scharg~ng ihe Mortgagori liab~:~ty here-
.~der or u~wn rhe debt hereby secwed. No ss'.e of the Fre•n~ses hereby mo~tgayed er.d no fo~bearance on the part oi the !I:ORIGAGEE or its successuro
a au~g~s and ^o eare~s~on of ~he t~me fo~ the peymen? of the debt he~cby iecured q~ven by the MORTGAGEE or its successors or ass.gns, al~all ope~ate
ro re!ease, d,scharge, mod~fy change w affed the or~g,nal liab~f~ty of the MORTGAGOR here~n, efther in whole or in part.
10. It is spec:ficaUy agreed that time is of the essence of th~s contract a.,d that no waiver ol any obl;gat~on hereunder or oi the obfigation sr
c.;red herebr aha~i at any time thereatter be heid ro be a we~ver oi the terms hereof w of the instrument secu~ed herby.
ao~ t.e~ to the fo¦rgc n~ mon~hly payme~ts of princ p3~ and interest .equ~red by the pror~~ is~ry ne'c- scw~ed her,br. mo~rga~or eovenants
~-a a~rees to ra~ 'o +^o•t3agee w~th each monfh'y payr,ent an a~d.*,or:al sum est n ared b/ r.~ortyagee tio be ey~a~ to 1 12 of the e~ti•~,.al cost of the fo~iow-
.a.
A-A'. r~a~ Fro~erty tairs levied o~ assessrd agai•••st thr above desaibrd reat esrete. -
B- *~z- .,~s on 1:re and aindsto'm insuracce as hese~n requ~red to be carried o•~ the :~^.•:roveme~ts s~tua!e on ihc above d_saibed premfses.
C-P•e° ~-s o~ svch morfgagt guaranty ms~:a~.ce as me•tgagee shail frcT t~oe ro nmc drem fit to carry on ttie !oan sewred herebr.
ti!o'~gaqee s-r' ~~c-t+ t~~~e to n~ne ~e+if, mc•f.3gor m v+.rltmg of the a.~-o~~~t d.e and payab~e hereunda• and wch w~n s~r~:l thr~eupcr. ~ dve end
i
i .~.ab'e o^. "+e c:~e oa+e of rhr nex: ~*:a:shi~ t.e~~~e.it s~id each success~ve ~nonth rhereafr.:r u~:t:i mc+tg~~ee sha!1 not~fy mo~tgagor c! a change in such
~ _ ~,,n+. S~.h s~~~s s~~ be ap~.'~ed by mwtgag-_e to.oa~d rhe payment of real preFe~ty taxes, ins~ra:xe prem.ur»s, a~~d mcrtgagz guaranty insurance
~e^+~umt. '
€ ~~t L'r:T~:E~~ :.HEREOf, rne sa~d MORiG<.GOR has here~nro set his ha~:d and seal the day and y. first aforesaid.
F
! S:gned. Sea!ed ar+d .ed i the presenca of:
~ _ ! Sesl)
' e t h R. Dr
~ ~ (Sea4
~ve 1 n L. rew ~,q
S~i.TE Of FLORIDA ~
~ J u'JTY OF 5 L. LU C 1 E' f SS.
e~+o.~ ~~~,uy appeared Kenneth R. Drew _ .~d
~ Evelyn l.. Drew h;s W~~~, +o ~e well known and known to me to be
t~e ind~..dwts dew~ced in and vrho eaecuted the fwegoiny ins~rument, and atknowiedged before me that they e~ecuted the same lo? ~he purposes
~ 1~.~-~~~ exP•~~d. a?~d rtx said Eve iyn L. Drew '
«~e of t!+e sa~d KPnnc~ih R_ ~=eur - upon •~p~rat~ aod priv~t~
~.a~+-na~:on by ~+~e talen separate and apart from her sa~d husband, ecknowi~ged to a~d before me that ec~ted d MaUurtYnt fr~ly ~1 vOlun-
'a•. y and w~thout anr co~*~p~~sron, const~sint, spprrhens,gry or fear oi or irom her t id h band. 1 ~ .
~ LI •
WITNESS my hsnd and off~Nal seal th~i _ dey of______ m g " ~ 19.~L
~ - - • ~ ~ . • _
No~ar Pub~~c in a~d r t S~ate qf Fl~rid• at lae~e~
F My Comm~ss~o~ e+cp~res: ' ` ~ 4~`
Ret~rn To: . ; • . ' '
F:rat ftdtr~l Se~~ngs i loan Assouat~on , e;-•- ~Y`'~•I~•~,
~ s • ~T~RY Fuectc . •.~.,.a .Tt" .
p~ ~,r v r~ce tl.t?.t•: 1c. '•_'.`:i~ ~y/~
~ fG~! P.[rit F:G~~de •_iSL1~L IIYJi~iv.~~..~. . •~ll~j. RS~ ~~~M
3''~ " ~s ~15191
Th~s Instrument Prepared By ~ohr~ k' . Col l i ns FILEO A~0 P.ECORpEO
~ First Federal Savings ~ Loan Association ST. IUCIE COUNTr f~A.
ROCER PO~TRAs
of Fort Pierce lor i d~~ CIERK CIRCUIT COURT
RECORO VERIFIED~~
Checked BY
- S~ 1 I~o PH'T I
. t
b~195 ~~35
,
-'Y~= ~ q=.~s.-~