HomeMy WebLinkAbout1237 3. To plate a~d continvously leep a~ tt~e bu~ .i~~'~gt nox c~ l:r~c:~tr~r s~~~..ate on e~~d ta~d and on ali eq~ip~nrnt and personaliy co+zird by tf'•~s mor
eae. w~~h all Frernium3 thereon {,ad +n f.,'i, l~rc i:~.s.,:,::e ~n t~:- .~s:~' s!,::f.:•d Fo-~cy fO~m. in a s.:~n aHproved b~t 1!~c MOR.v::v[E. and v~,~:~ilsto
nwrance in ~he usual s~and~rd poLCy fonn, in a sw:i aF~:ro:~•d i,y ii~r h1JRIGaGEE, in ,:;:h co~~+pany or compames as ihe A10~tTC,AGEE m
d~recq a~d all iire and w~nJstorm ~nw•ance po;~c:rs on any of s~~d bur.d:~~gs, any inte~~sl thrrein or par! thrrrol, in the agg~..yate sum aiore~a~d
in eacess thercof, shail :ontain the usu.l s~a ~d,;rd mo~r~..~ee c ouse or su;h o~he~ c~~use as ~he Mo~tyayee may requ•re, making the :ess undrr s,..J po
..es, each and every, paya5'e to sa~d ,LIJRTGAGff as ns ~~~~r~.s~ oy a;:pe~~, a~~d each and every s~ch po ~cy shail be promptiy ass y~~~d e~ d de•~.~~rd
eny held by sa~d 1~10RlGAGfE as (ucther sewr~ty ro siid n o:~g~3e d~,:,i. a~•d, nof !ess rhan ten (10) d~ys ~n ad:ance of the e~N~-onon o+ e~ch po:~cy. ~o d. .
;,.er to sa~d MORTGAGEE a ~e~~ewai thereof, fogerhrr w~rh a r~c_• ~ t ior the pr~•n:wrn o1 wch ~rr~~v~ai: and there a~~a:i 6e no t,~e o• wh~,i>w~~n insuranc
p!iced on any of sa:d 6u~!d~nys, any im~rest ~ii~re.n o~ F~art th~«of. „~ss ~n ~he forn, a~~d vv~rh the ~oss paya't!e as afureea~d; a~d ~n the e.e~~t a~y s,,n
01 money beco~nes payable unde~ wch po!~ty or po!~urs said r.1~!RiG~:>:E ~~~.+1! hewe ~t~r opr:u~~ ~o r~•o:~.e ~~~J apHly tha sa~ne on accu~nr ol ~he ~nJ~~c~~•d
nrss secured hercby or to pe~m6t sa~d MORiGAGORS ~o mcr~~e a~~d use it ov any ~t th-~:~-of }or e~~~• . ~,ur •.e~•s. .:.~r.~-t th ~ cr
v~g any equ~ty, I~en or right under or by vutue of th~s n cr•gs~e; o.,d ~n ~he ev~nt sa.d M'JRTGAGQRS shall `.or any reasun fail to M~~~~p the se~d p~e+n~s-•s so
~~sured, or fail t0 drlivCr pranptly dny 01 Sa~d {:oLc~•,s o4 ~nsu~o~~~e lo s.+d MORTvA'vkE, or fo~, p:omp!iy t0 Fay fu::y any p~r~:~.•n th~~r~tor or in a'~y
respect (a~t ~o per(orm, d~sch~rye. eaecure, efleU, co~np'~•ra, co^.piy w~rh and a5~de 6y ~h;s covrw~:~, or any p.,:i i~areof. s.,~d ~1,i~r~T;,.:G~E ~,~oy N~ace a o
Fs~ fo~ such insurance or any pa!1 1hr+eof w,~thout waiv~ny or at!ecriny any o~,non, lien, eqv:ty, or n~ht ~nder or b/ virtue o~ th~s h1~~~g.+ga. and tht
r,:l amovm of each a:id e.ery s.:ch paymrnt sha~t br ~~r.mcd~erni~ d.:e J^(~ ~13y3L~!e a~~d shail b~~ar inte~est frcm th~ dote tt~cr.:of u~~nl p,,,d ai the ~ate ot
~e per centum per annu:n ~nd to~rti}rr m,~th S~U~ ~ntr'~st el~,~,~ rr s.c~r:d L•y tht Gen Of th~y mOrtydge.
To permit, commit or w(fer no waste, impairmenT ot d~-t.r~;~r.,ho;~ of ia~d properry or any parf thereof.
S. To pay all and singu!ar the coitt, charges and expene•~s, in:i.•dr.~y 3 ~edi0.'1dVIC attorney's fee and cos+s of abs}~ads of tn:e, ir;curred or paid ar
~~v ti~nr by sa~d h10RiGAGEE, because o~ in the eve~~t ot ii~r ia. ~r~ on ti~e oart of ~i~r said h10RTGAGOR to duly, pro~~~pNy and 4~'~~y pericrm, d~scharye
_.~~cute, effec~, complete, co•nply ~vnh and abde by each ar.d r:cry ih~~ i~~p~i~~~or,s, agre~•n~ents, co:~dmons, and co~e~~anrs ai said p~o~~~~~sor~ note a~~d ii:s
, origage any or enher, ar.d sa d costs, charges and exHenses. e3ch a~~d c.~•ry, shatl be ~n:n,~d~atal~ d~e and payab:e; v`herher or r.ot ~h~•re t~e nor,ce d_~
+•~d, attempt to coltect or suit pe~~d n9; arxi the fvl! amount oi cxh a;:d eve~y s~ch paymem shaL' bea. interrst from ~he da~e the~eof until pa~d ar ~he
o% nme per crn:u•n par a~~.~.. n, en~ aii sald cosis, ci,arges a~ d~x:.r~ s_s rKUned or paid, toyethrr •.v.th such interest, snall be sec~red by the ~~en of th,s
mortgage.
6. That (a) in the event of any breach of this Mortg3ge or drt ~u:t on tir part of thc YOR:G/1GOR, or ~b) in th? event any of sa d sums of money
F.~rein referrrd to bn not pro~•~~;t1y and fu:ly pa~d .~~!h~n th.:ly 3~. d,;s ne,i a•r.~r the s.~r.e se.r.a.;y beca»e due and payab~e, wltt~o::f de:na~•d or nehce.
:~~c) in the event each and ?very the stipv:ai~ons, agreeme~its. co°~ '~o•~s and cuvenants of sa d pranissory note and th.s mortgage a~y o~ eaher arr not
j,~:y, prOmptly and fuliy pe~fo'med, d Scharged, execvted, effected, co.np;et.~d, :o~n;;i,ed w~th and a~•~d~d Sy, then ~n e:ther er any svcn event tne sa~a ag
a•egate sum mennoned in sa~d promnsory nofe ihe~ .er~aieu~g c:~ra~d v.ai, u,trr~st accr;,ed, and ~~1 moneys secured hereby, shall th;come d~e and pay-
e:; e fonhwith, or thereafter, at the opt~on of s;~d M,O~?GAGEE. as fu~~y arr,i comp;ete'y as il a~f uf th~• sa~d sums uf money were or~g~na:ly at.p~;ated
o be pa:d on such d.:y. a~~y~hing in s.~ d pro n,ssory note or m ~h;s M1lonqag~• ~o ~he conrrary no~.v~rhsra~~d::,g; and fhereupon or thrreeitrr a! the op~~on ef
~:i MORTGAGEE, w~thcvt nonce or demand, s~it at taw or in eg~~r~, rhrretore or therraher tregun, may be prosecuted as if all moneys secured hereby
r_d matured pr~or to ds ~nstrtunon.
7. That in the event that at the beg~nn,rtg of or at any t~me F~end.~:g any surt uFon th;s Mortgage, or to foreclose it, or to reform it, or to en(orce
i i:ment of any C!aimS hereunder, said 1dORTGAGEE shal; app!y to the Court ha.v+,g ~ur~sd.ct~on tFercof for the appo~ntment of a Receiver, auch Cwrt shail
thwith appoint a rece+~er of said mortgaqed property ail and a~ngular, incl;.J ~~g a~i a*:d vi~gu~ar tf,e i.^.cun:e, praf~ts, issues and tevenve~ irc•n wh.~tever
>.~ce der~ved, each and every of wh.ch, ~f be~ng exuress'y und~~srccd. n Fe:e~~ me~rgaged as ~f speuf~cally set 1or~h and desu~bed in the grznnng and
~~`.•erdum da~ses hereof, end wch Receiver shau have all ti~e b•sed ~r,d rt!ec±~+e func!.o~~s and powers in anyw~se entrusted by a Court to a kece~ver, a~:d
s._h appointment aha{t be made by auch Cou~t as an ad,urr~d eq.,+ry ar.d a rafrer of ahsoi~re r:gti~ to sa~d MORTGAGEE, and wi:hovt ~eference ~o tne
iyouaty or inadeq~aty of the vaiue of !he prope~ty mo~tgaged or to the sc vrncy or ~r,so:.•_~cy of said N.ORTGAGOR or the dettndanfs, and that svch
,rs, profits, income, issues and revenues shail be app~~ed 'oy su.h Rrc_~rer auord~ng to the lien or equity o1 said MORTGAGEE and the pracnce of such
Court.
B. To d~!y, prompt:y and fui!y perform, d~scharge, execu+e, eifcc~. cc~~piere. comply witn and ab;de by each and every the stipuiariens, agr¢emeNS,
,o~~.d~tions a~d cove~ants ~n smd promissory note znd thls n,ortg~3a art forth.
9. That in the event the ownersh~p of the mcrtgaged pre~+~nes, or a„~ ~arr tnereof, becomes vested in a person other than the MORTGAGOR, the
~ .'^RTGAGEE, in successors ar.d ass~gns, may, wi~hout ncr:ce ro thc- t.',ORTv~OR, dea~ w~~h s~ch successor or successor in ~nterest ~.•nh reterence to this
~'tgage and the debt he~eby secured in the same rianr,er as Ki1F1 crt~;go. w~rhout in any way vit:ating or t~~scharg~ng the hlortyagors' fiab~i~ty here-
~ .,der or upon the drbt he~eby secured. No sa;e of ~t~e Fren~n^s h,r~i,. ~„o~tgaged and no fo:beara~ce on the part of the /dORiGAGEE or its successors
ass~gns and no extension of the t~m2 for the payment of tho drbt he.ci;y set.,red g~ven by ihe MORTGAGEE or its fuccessors or ass.gns, a~'~ell operafe
i ro re~ease, d~s:harge, mod~fy change or aifect the oriy~nal iiau ;.ty of vsr N.CRiGAGOR he.e~n, eithe~ in whole or in part. .
; 10. It is spec~f~calfy ag~eed rhat tfine is of the esser.ce uf !h~s conrracr and that no waiver of any ob!~gat:on hereu~der o~ of the obligation s~
...red hereby shal~ at any tim.e ~hereafter be he:d to be a wa~~er of the terms ~ereof or of the instrumem secu~ed herby.
C 11. In a;id tlo~ !o the forego ng mor.th!y paym~nti of pri~:c pa`. and i»rrest req~~red by fhe prom sscry note secured hereDy, morigagor eovenants
~ agr~es to pay to mstgagee v.~'h each mor,rh;y pa~: ent an ddl~'iJt'31 wm cs' ~ at~d b~ mortgagee to be equal to 1, 12 of the annual cost of the foifow-
s '
~ A-Ali real property taxes le•ned o~ assess~~d ag,i~:s! th•~ etove d_sv~ted r.al estate.
~ 6-Prem~ums on fire ar,d windstorm ~nsurarce as i~r.c~n rcq~:~rti to ba ca•ricd c•~ tne im;.rovements s~tuate on the above desaiLed premi:es.
: f_D.e _ . ~5 .,.t~.a.~o.. ai..~:! r.. en t.....~ .~~•om f~~ fn tq.rv on t1~n Inan _ ro~{ I1PIP~]V.
` . .._.n~. s _nn ~.n . < r~ . _ . , in ~ . ~n _ nf.~
` hlortqagee s~e'I !rorn ti~ne to t~:ne no~~f~ mcrt~~gcr ~n wr;t,rg of the a••:o~~t d~•~ and payable hereundrr and wch wm shail thzreupon be due and
$ ~,able on tha d~e dare oi the r.exr :,~onth.~ pay•n~~nt and e:ch s.:cc•~ss~ve T.o•~*h the:r~ft~r uctil mo~tgagee sha1~ not~fy mortyaoor of a chznge in such
~ ,~nt. Such sums s~a:! be arp!icd by mor;gagce roward tiie pa~rnent of real prope~ty taaes, insurance prem,vms, and mortgage guaranty i~surance
•
. e~niums.
e IN \ViTNESS : EOF, the id MORTGF.GOR has hereunto set his hard and sral the day and ear first a~oresaid.
: S~gntd, $eat ~d e~iv in t of:
~ . ~ ~..~~'G%lL/-..i L"~'J -~%~QiC,((~ t
~ • ran . o e c~'>
; ~ (Seap :
_ ~ Ct.~ctc_t _ ~ -f c' ~ (Seal) i
- - ~ Couise . o e '
a / - ~SEB~)
~
~ ~~:aTE OF FIORIDA
~
~ St . Luc ie
~ ~JUNTY OF - (
Frank b. Cole
r Befwe me personally appeared and
LOU 1 Se L. COI P _ his wi{e, to me well known and knovvn to me to be
=g sh~ individuats described in and who exec~ted :he foregoing instrument, and acknow~edged betore me that they executed the s~me (or the purposes
+ne•ein expressed. And the sa:d _ L.O1115Q 1.. COI E'
i~ r: ~fe of the sa~d Frank E. COI P u~n a separate and private
~Yam~nat;on by me taken separate and apart frem her said husband, acknow~sdged to and before me that she executed said instrvmeM freeiy a~d vol~n-
= rar„y and w~thout any compu~sion, consrraint, appreher.s.on, o fear of o~ irom her said husband.
WITNESS my hand and offic;al seal th~s__ day of_- ~e~~eT A. D. 19?1_
- C ~ L
= Notary PubGc in and for the State o Flwida et Lary~ ; ~
- My Comm~ssion exp'res: ~
~
- Rerum To:
Fi;st Federal Savings S toan Assoc~at~on F~~EO A~L ~ECOAOf~ ~
ir3 '
oF F°,' P`~`e Sj.ltiC1E COIiNTY fU~
- Fort P~.~rce. Flcr~d~ AOCE~ ~~1~~'S l~ ,
~ CIERR CifiCUl? C01lRT ~ - . ' • .
ItfCORO Y~~~f~ED~ _ .
,
Za ii 4't - - ;
This Instrument Prepared ByRiChard K. Kaye~ . ' :
; First Federaf Savings & Loan Association i
~ of Fort Pierce~ Florida
~~J
- Checked BY
- BooK1g7 F~,~cF1~3S '
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