HomeMy WebLinkAbout1130 3. To place and cominuously keep on the bui dings norv or hrrrsftrr ~rtuate on ta~d !anJ and o~ aL' equipment a~d personally covered by thiti mw
ege. w~~h al{ prem~~ms ~hereon pad ~n tu:l, f~re i~,s~~arue ,n ihe ~s~ai st~nd.+;d po:~cy form, i~ e sum aFprovrd by the MOR~GAGEE, and w~~dsto
nsvrance in the us~al s'anda.d pol:cy lorm, in a sum appro.rd ty the AIORTGAGEE, in such company or compamef as ~he A~02TGAGEE m
d~~ect; and all fire and w~nds~orm i~surance po:~urs on any of sa~d b~~id.ngs, any inte~eil therein or part ehereof, in the aggrega~e sum eforesaid
eacess thereof, shalt conrain ihe usual star.dard morry ~gee c,ause or suth orher ~la~se •s the Mo~tgagee may requ~re, maAing the iosf undrr ae~d po
c~es, each and every, payab!e ro sa~d ~~~RTGAGfE as ~~s ~~~~_•~.~st may appear, a~~d each and eve~y s~ch po;~cy shatl be promptly as~ gnrd and dr:~vered ~
any hetd by sa~d MORfGAGEE as funhr~ secvrity to sa~d ~nonga~e d..ut, a~~d, no~ ~ess than ten ~1J) de~s in advance of tha exp,~atio~~ o~ each pot~cy, ~o d~
~•ver to sa~d MORTGAGFE a renewdt ~hereof, ~oge~hrr w~ch a rcce~p~ for ~hr premwm oi such rrnewal; and ~here shail be ~w f~re or ~~~~da~o~m i~s~ranc
p~eced on any of sa~d bulld~ngs, any interes~ therem or part ther~-uF, u:,!,res in ~he forn, and wnh the Ioss payable as aforesa~d; and in ~he evenf any sun
ef money becomes payable under such poticy or pol:cres sa~d .YOR1GAi;EE sh~U h~ve fhe eruon to rrce~ve and apply the same on ac:ou•~t of the indebted
~irss sewred hi+eby Or ro petmit fa:d MORTGAGORS lo rCCe~ve and use it or any p,rt 1he•reoi for orn••r y,urro3rs, vi~~no~! th,+.~~ ovwii3 ,:r unp~rt
~n,~ any ~pu~fy, li~n or right unde~ or by virWa of lhis mo:'gage; and ~n Ihe event sad MORTGAGOR$ shatl for any reason lail fo kcep fhe sa~d prem~ses so
~~sv.ad, or fai! to dei~ver prwnptly any of sa~d pohc+zs of inwrante to sa:d MORiGAGEf, or f~~i pcomplly to pay fu;ly any prr:nw~n rhe~efor or in any
rrspect fail to peifwm, d~s:ha~ge, exec~te, eiEecr, car,pie~r, co:npty •x~ih and ab+de by th~s coven~nt, or any part hrreof, sa~d MGRTG ~GEE may piace a~d
pay fw such insurance o~ any part the~eof w~rheut waiving w affecr;ny any opi~on, fen, equny, or nght ~oder or by v+rtue of tFis hloregage, and ihe
t,,:i amo~nt of each and e.ery wch paymen~ shalt be immedietely doe and payab:e and shail brar interesl from tha date thereof un~il pa~d af the ra~e o1
: e per ce~t~m per annum and tJ~,~h2~ v.ith s~th uxer~st sha~~ br i_c.:rcd hy the iien of th~s mo~tgage.
4. To permit, commit w suifer no waste, impairment or dererro+~'ion of sa~d properfy or any part thereof.
5. To pey all and siryular the rosts, cha~ges and expenses, ~n:Ivd~ng a reasonab!e attorney's fee and cosrs of abstracta of title, i~curred er pa~d at
.ny time by sa~d MORTGAG`_E, betause or in the evem of the f,~,iurr cn ihe part of the sa~d MORTGAGOR to duly, pro~nptly and f~liy periorm, d~scharge.
•x_:ute, etfed, canplete, compfy w~th a~*d ab.de by each ar.d e~ery rhe st~F,;;ano~is, agree~T~ents, tor.d~r~ons. and covenanrs ai sa~d pro+~~~ssory note and th~~
~.orrgage any or e~~her, and sa.d cesTS, chargzs and exrenses, each a~~d e~ery, shail be imm.rd~ately dur and payabte; whe~her or not there be nouce dr
n.a~d, attempt to co:~ed or suit prnd~ng; and the fu!I amo~nt e~ ea<~ a~~d e~e~y swch paymero shatt bea~ inr~rrst f~om the da~e thereof unti: pa~d at the
• c u~ nin¢ {~r Cc+ttum F~e+ an~,;, ~r, and a:: ;a:d :oics, tt:a ges a~~d c.;.rr,scs :ncvrred or pa~d, ~oyeiher w~th wch interest, shall be sxured by the I~en of th~~
n:ortgigl.
6. That (a) in the event oi any breach of thi~ Mwtgage or defa~l~ on the pa.t of the MORTGAGOR, or ~b} in the event any o( sa:d sums of money ~
t,ere~n referred ro be not pra~npr:y and fu,~Y pa~d r~~rtvn rh.r~y ,i~rs nr.f a-n,r ihe s:~~ne se.era::y become dut and payaWe, without demand or ooi~ce.
;c) in thr event each and every the st~pu~at~ons, a~reemen!s. co~,dr.~onl and covenanrs of sa d promissory note and th~s mougage eny pr e~~her arc oot
j~•'y, p~omptly and lully performed, dscharqed, ezewted, effec~rd comp!eted, comp;~ed w~rh and a~~ded Sy, then in e~ther or any such event the sa~d ag
y-•~~ate sum mennoned in sa~d prom~sso~y ncte then rema~n~ng u~~ra.d. ~nrtn intere;t atU~rd, d:~d acl moieeys sewred hereby, shall become d~e and pay
nc; e fortharith, or thereadter, at the opno~ e~ e~~d hlORiGAG:E, as fvliy a~d comp:ete:y as if ai{ of the said s~ms of money were ong~ne:ly st~puiated
+o be pa:d on such day, anyrh,ng in sa d p,on~:sso~y nore or :n tius hlortga~r to ~he con~rary no~ v~~hstand,ng; a~~d thereupon or thrreateer ai the opnon of
s~ d MORTGAGEE, without not~ca or demand, su~t a1 law or in equ~ty, iherefore a tnercaiier ~gun, may be prosecuted as if all moneyt secured hereby
~..~d mai~rpd pnor to ~ts mstitunon.
7. That in the event that ar rhe beg%nn:ng ef or at any e~me pend;,•,g any 3u~t ut+e~ rF.~s Mo~tgage, or to fo~eclose it, or to reform it, or to enforce
c•+yn+ent of a~y ctaims htreundrr, sa~d MORiG~G'E aF+a'i apply to the Co~.t hav~ng ;ur~sd,cT,e~ fhereot for the appomtmem of a Recairer, wch Cuurt shall
F~., i:~w~ii~ cN~.u~i ' icic~.c7 ' - - _.__._..__.1 - ::.:.~"-n- -1-°`_'~.,^ Sr:L~. S. '
o G: .......y..y-.. r....._.., n:- - - .n~~;3r t+~• p.nf.ea, e:f.~es and revenues from whatever z
s-;-ce derived, each and every of wh.ch, ~f ~~ny eapressly unde~srocd .is hereby me.~g~ged as ~f spec.i~ca~ly set forrh a~d described in the grann~y ar.d `
'+`.•endum c.a~ses hereof, and such Rece~.er shatl ha~e a~l tne br~ed a•~d effecr,ve fu^e ons and pov.ers in anyw~se emruated by a Co~~t to e Receiver, and ~
s:h appointment shali be made by :uch Court as an ad •~i»rd eyu~ry anti a,-•a~ier o1 abso~ute r:gh~ to said h10RiGAGEE, a~d w~if~o~t re(erence to the !
_<'-_quacy w inadeq~acy of the vatue of fhe proprny mo~Tg~ged or ~o the ao.vrnc> e~ ~nso..rncy of sa~d MOR~GAGOR or the derendants, and ihat wch
•r^.rs, proirts. inco~ne, ~ssues a~d tevenues shail be appi~ed 'oy such Recr~ver accor~,ng te th.e I~en or eq.,ity of sa:d MOR7GAGEF and the prathce of such '
CJUf1. .
8. To duly, prompt!y and ful!y perform, d~sc'~arge. e.aecu~e, effect, complete. compty w~~h and abide by each and every tlx stiputations, agr~ments,
:~~d~t:ons and covenanra ~n sa~Y prom~uay nose and m~s nr„~~yeyr a~~ ~~:~t,.
9. That in ~he evem fhe ownenh~p of ihe mor.gaged prem~nes or a~~v part ti,ereof, becomes vesseJ in s per=on ofher than the MOR:GAGpR, the
:~RTGAGEE, ;ts successors and ass.gr.s. may, w~:hout r.c'.ce to ih~• ~+.OF'G~OR, deal w.th such svccessor or s~cceswr in ime~est w~+h reFerence to this
o'tgage ar.d the deot hereby secured in the same ~t~d~lf'L'f as v.,+h :5~r!;~,~gor w~thout in any way vit.ating o~ discharging the l~Aortgagors' tiability herr
_'der w upon rhe detrt hereoy s~-cu~ed. ~io sa;e of vl;e F-e+,sas h.;;~-D~ mw1.)3ged ard no fo.bea~ance on the part of the MORTGAGEE or its auccessors
c• essig~s and no extens~on o4 rhe t,:r•e io~ thr pa~m,ent of the d~~t~t h~•e~~y src.:red g~ven by the MORIGAGEE or its suctessors or ass~gns, si~ali ope~ate
r;, re~ease, d~scharge, mod~fy charge or afft~t tne cr~g.nal ;;a~ :.r~ of fi~e A'QRiGAGOR h~rrin, either rn wFwie o~ in part.
~ 10. (t is spec.!~caiiy agreed that ri-ne ;s of the este^ie of tn~s contrat+ and fhat no waiver pf any obl~gation hereunder w of the oblgation se-
c~.~ed hereby shal~ at an~ ri..:e :hereafser be h~id to be a wa~.er of rhe ~e:~~:s herec! w of the instrument secured herby.
l l. In a:id e~-~ •o tre ioregc ~~g ~npnth'ti p~ti..• ,n•a ot F~:- i;;.~; and r~ s' rra~ red by ti~e prom sscry nae scc~~ed her~br. moryagor tovenants
eg~~es to aay to ,..o +gsgre r.,rh ~ac~ ,-.,n~h ; p.~~ r+,~ s:i t~._,,,~~ s:~r :r ~ s~~~d 'or r.~o•ry,~~ze ro be equa~ to ) 12 of f;ir an::,;al cosf of the lollow-
E ,
7 A-A;i .ea! :ro e.r• ~a~>a lened or assess~d a ~ sr t~_
= f F ! g., a: ~~re desc~:~.d .ca~ es'a'e
; 6-Cr~~n;,;, ~~s o~ i.re and n:~~dsso~m ,ns~: a~.e as ne-~ n r: G_ ~._d t~ c~• ce•: d r.~ t'r~•s c-;.roveme:~ts s:tuate on fF~ above descnbed premises.
C-Pre~n,u~-~s on s~ch morrg;ge guaranty ~r.3ura~ as me•t~ ~yee sn~~i +r~ r s r•e ro nmr deem frt ro carry c.~ :;.e sewred 'ne~rby.
Morrgaqee s^a ~`•cr» r. •>e ro t~e coe f; ~rrt_,,g•~r r. w~,r.ng of ~nr a- o~•~~ d;e and payab:e herzundr• and wch su-n shai~ thereupan be due and
ab'e on thr due oste oi ;h~ ~~=~¦t ~--.on!n:, pay•r_•,t a.d e.:;i s..:~ess:.e o•.•h =he~rah~, .:r:t~E mcrtgagee sha!I not.fy rno;tgagor of a change in s~ch
~_unt. $~ch s~~^s sha,i re aH~ ~rd Ly mG~!3ag~~ ?o:.a-d u~e ~a;~~r.~t or rc~; ~~cHr~t; ra+~es, insurance p~em.um.s, a•~d mortg.~ge guazanty insurance
n~uTi-
IN Y11T?~ESS `::NE pF !he •d MORIGAGOR has hereu~~ro se~ h~s h~: d and s_~al fhe day and year first aforesaid. ;
: S~gned, Sea' a.d e!~vea i the pses ce of: ~
Seal)
- c e L. eve an ~~si~
` / (Seaq
an ace Ai. eve anc~----
- - - - - - - tsesl)
s ~ ~ ~?E OF fLORIDA ~
=.,~uvtr of St. Lucie ~
~ . .
~ A
` Mitchel2 L Cleveland " ~
' Belore me penonally appeared - - • _ • ' • ^
~ Candace M. C1eveland--
his wife. to me weit knpwn w1d,
~=r ~nd~r~dwis dew~bed in •~d who execufed :he forego~r ir.slrume~i, and ec4nowted9ed before me that they execut~d Lbe semt•f01
~ andace M Cleveland ~
~ ein expressed. And ~he •a:d- - - - - ~ ~ - ~
.,:=e or ,r,~ se~a - _ Mitchell L. ~leveland__ y :~~~~4+~.a
e•am:nat.on by me taien sepa~ate ar,d apa~t frcm her sa d h~•sband, acknowiedged to end beforo me that she exetu'ed said~~~~~n~Ip~n•
~ 'a ~~y ~r~d w.~hovt any ca~~pu;s~on, ca,a~.e~.r+, spp.~~ch~ennoq, or feer of w fro.n her said husband. " : V
.
! WITNfSS my hand and oFhc.al seal th:s r . _ _ da cf _ _ _NOV el0ber Z , : ~O
r
r~ ~H~.~~~' ~
_ , Sb.L `
No~ary Fubl~c in nd iw the Sute of F • ~
My Comm~ss~o~ •xpires: ~ O y, ~ ~ ~ ~
Ret~rn 10: i
F+rst Federal Savings 3 loan Asso:~3~.on
Oi 'u~r P ~ c~ M
Fc•t P~r•ce fi~• ,j, Ak0 NE~x~g~,
F IlEO
sT ~~CIE C0~ ~
itOGEa POIT~?; ,r~~
~ER ~a
fit0 ~
_ This Instrument Prepared By RiChard K. Kayes Rf~RO
First Fede~a! Sav~n~s 8 loan Assoc+at~on ,yQ
af Fort P~erce, Florida ~
Checked By N~~~~~ ;
;
BoaK 197 P,,~~1129
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