HomeMy WebLinkAbout1691 3. To p•ace a~.d w~r~nuous',y keep o•~ fhe b~~ ~~~~9s n:.~ o~ he~eafrer ~~~~aie on srd :and and on a11 eq~ip~..ent and ~xnonslly covrrzd bv th~s mo~
eae. w.th al{ pien,~,;~,a +r,rrron F,; tl:~ f~::, f.re i~ :_~~.~ce ~n ~i:r ~s.,a~ s~onda~d F;:.':c~ form, in a s~rT: ~;.p~ovcd by ~he h50k;v%.vEE. a~,d w~nds~o
~su~ancr ~n +he uwal s!3 ~dard F-o: cy fc•m, a s.::n aF.pro.ed by the A~~RTGAGtE. w.h co~npe~~y or co~.+pan,es as ~he AtOR1vAGEE m
d rECi; and ati fue an3 w n:lStGrm ~nt~•ance po'~uai on any o1 sa~d b:n'd.r.~s, anp :r.trtest the~rin or pa~t ~heieof, in the a99rega~t sum aforesaid
In eacess thereof, shaii :Jn13in fhr us~.:; sra o.:~d mo~~g~gre daust cr s.::h oiher c:~~se aa ~he hlartga9re may req~ re, nlaking thr ~oss undrr sa,d po ;
: es, each and e~ery, pa.a~'e to sa~d ~ti1JR!v4CEE as ~~s ~nf~r~st may appear, and each ar.d e:cry wch pa-.y st;aii tx ;.ron,p~ty assgned e~~d de~i.errd ~
an~ held by s3~d ~.'•Ok~vAGif as funher src~~~'y » sa:d n o:~g.;ge debt, a~~d, not iess than ten ~;0~ days in ad.ante of the exp~'a~~u~ of each po~~cy, to d~
.~er fo sa~d !dQRi,r,AvEE a re~~a~.~~ 1^,ereOf, tO~e!h2r N~Th a rece~p~ for the pre:~uum o1 such rene+.a:; a~,d ~hrre sh~ ~ oe ~~o i~re cr w~:~dai~ ~•,.:.~o,::
~:aced o~ a~y of sa d b~~ d.~~~s, any ~me~est there,n or pa+r iher~•cf, un'~~s in +ht fo:m a~,d w~!h the bss pa~a6:e as aforesa~d; a~d ~n the e.eM any su~
ot money beco•~~ra payab:e undrr s::ch pot~cy a po~,c~as sa~J t~.'.JRiGAGiE sh.,ll have iha opr,on to ~ece~vc a~~d apN:y tne sa~ne on accouni ol ~he indrbtrd i
r:ss se:~ied hereby o~ io pem•n sed :~ORTGAGORS ro reee~ve a~~d use it a any pa•t ~ne::vt fer o-~:~_* cw ~s_s. ::.+~~~.t ~h~•~u: ,...:.~,3 c. ~^~P~~•
r.3 any equ;ty, I.en or ~~gM undrr or by virtue of this mGr•ysge; and in the eveM sa d A10~2TGAGORS ahj!1 .`Or any rea5on tail to kezp Ihe aa~t1 premises so
r.s~rod. or f~il t0 dr:~Ye~ pro~7ptly any pf s~id {;o~•c~es Of insu:anCe to sa d MORTGAvEE, or ta:: promp!ly to pay fu~ty any pre ~~~~m therrfOr Or ~n a.^.y
reipect fai! ro per'orm, d~scii~rge, exec~re, efiecl, comp:e~r. co»p~y w~Th and ab~de by th~s to.en,~nt, or any {:art harcof, s+~d MORiGAGEE may p~ace a~tl
p~y fo~ s~ch insurance or any pa~t thzreof v~.tho~t wa~vi~ g or affeaing any opt;on, i~en, eq.,~ty, or n~ht undr~ or b~ vvtue tFls Mor~gage, a~d she
~~it amount of each and e~ery s~ch payn:en~ aha;1 tx ~~r::ned~atefy due and payab:e and shall beaf er.tarest trom tha dote thrreof w~tit pa~d at the rate o1
~.ne per [entu•n per arn:: r. ,~,d re3~tn~•r v„rh w:h ~:it~~~csT sn,;;, oe secu:ed by the Gen of th~s mwtgage. ~
d. To permit, [ommit or w!fer no waste, impairmeN or detrnoration of said property Or any part ihercof.
c-_ ~ +~a ,~_,.t_,~ '-!:~a;~-, :.r~~~~zh!s t~rc ~av's f~.. and c~s~s af abstrads o4 titie. incurred or pa~d at
a~y tl,re by sa~~ MGRTGAGEE, 6etause or in the evem of the fa:lure on the part of the said MORTGAGOR to duty, pro~npt!y and fully perfwm, d~icharge.
..~cute, efiECt, ce+np:ete, co~+~ply w~th and ab de oy each and eyery the st~pulat~ons, agreements, tondit:ons, and covenants o( aa~d promissory note and this
^o~tgage any o~ e~rher, ar.d sn,d :osts, ch~rges and eapenses, each and every, shail be em~nrd,a~ely due and payab',e; v~herher o~ not thrre t,o ~:o~:~a ~r
~ a~d, aiie:,,pf io co.,rci or swi ~,c u, +y, o+~u ~~~c t„ , o ...~t: ' =_ry ~ r_ ~ • : i..,.., .ti .1~e. tl,o.e.,f ...,e:t i,.r~d at the
+c- O' n.ne per cens„~r~ F:_r a~. ;c a~~ s~~d cosis.' cr:a:ges a~~d cx.;r~~.ses Incurred or pa~d, toyaiher w~~h such•~nteres~, shall be securrd by ilu l~en of tha
~ongage.
b. That (a) in the event of any breacfi of th~s l~lor~gage or default on th- part of the A10RTGAGOR, or ;b) in the eveM any ol sa'd sums of nwney
herein referred to oe r.ot F'~"~F' Y and iu,ty Fa~d ..,~t.~•~ ~r•.•ry •,3v'~ da~s neat a?t-_~ she sa^•e se.era'.:y beco+ne due and payabte, without demand w notice,
;r ;c} in thr evertt each and e~ery ihe snp~~a~rons, a3recme~ ~s, co~d.~~ons and covenams ot sa.d prom~ssory note and th.s mortgage any a either are o01
i.,:y, prompNy and fu..y pe*fo~•ned, ds;ha~ged. executed, et~ectrd, compieted, compt~ed wrth and ah+ded 5y, then in e,~her o: any such evem the sa~d ag-
?•e~ate sum menr~o:~ed ~n sa~d pro~~~ ss~ry note then ren~a~ning ~e~aid, v~~ih interes~ aa~oed, and a~t mone~s secured hereby, sfiall become dua and pay
~o e forthw:th, or thereafre~, at rhe cF••~o~ ot sa~d M02TG~GcE, as fuliy ae~ corr.p:efe:y as it a~i of thr Sd~d sums of money were onginally s~.p~:ated
.o be ca.d on wch dcy, any~n:n3 in sa d pre ~.ucry note cr in this Morrgage to the corrtrary notn~+hsta~~d~:~g; rnd the~eupon or thereafter at the opt~on of
s= d:NORTGAGEE~ K~1f:0U} no!:ce or demer.d, suit at iaw or ~n equ~ty, thereiore or thereatter begun, may be prosetuted as if all moneys setured hereby
d matured pnw to ns ~~st~tur _ n.
7. That in the event that at the beg~nn"ng of or at any ume pending any surt upon thls Mon3age, o~ to forectose it, or to refcrm it, w to er.force
.~:ment os anv re~~cs he•eu~•d,r, sa~d ~tJRTvi.GEE sha': app~y ro the Court hav~r.g ;u~~sd.r.:on th.reof for ~he appomtment of a Rece:ve~, such Court shall
c~~h~,+h appo~nt a rece~rer ot sa~d mort~~grd propen~ ai: and a~ngvlar, inciud.~g a~+ a:~d vng~~ar fi,e ~ncon,e, proe~ts, issues and revenues fro:n whatever
z: ;:ce dcr~+ed. each and ever•y of wh,ch. ~t be~r.g exp~css''y urwers~ood, ~s Fer~by mor~gaged as if spec.fica:ty set iorth and descr+bed in the granting and
-'.endu^.~ c:a;:ses hrreof, ard such Rece~ver shan have a:~ ihe br;;ad a~a r~tx'~ve tur.r cr.s and powers ~n anyw~se entrusted by a Court to a Receiver, and
s_,h appoin`ment shai! be r:.>de bi s.~ch Cc.:+t as an ad^~irted equify and a rtatter of absowre r~ght ta said MORTGAGEE, a~d withnut referente to the
_:cq.~acy or inodequacy o! t~.e vat.,e ot ~he property mo~tgoged or to the s~,vr~c~• er ~ns:, .encr o( sa~d ldORiGAvCR or the defendants, ard that such
:-•rs, prof,ts, inco.ne, ~ss~es and revenues shall be ap;.:~ed Gy wch Rece~ver accord~ng to the :~en or equity of sa~d MORTGAGEE and the proctice of such
Co~rt.
8. To du`.y, pre*+'+pe!y a:.d f~:~y pe~for~, d~schnrge, exec~+e, efiect, compiete, comply v.~rh and ab~de by each and every the stipu,atians, agreements,
i _~~d+t~ons and covenants n s~~d prc~*~.ssorr n:;'e and th:s m;;rtgage srt forth.
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9. That in ~he event she ex~_~sh;p of the ~-.o~t~aged p~e~n~ses, or an~ part tnerecf, becomes vested in a person other than the MORTGAGOR, the
:'~R7vAGE~. i~s su:cessors ar.d as~.~r.5, ma~, w~:ho~t r:c~~ce to ine '.tORTGAOR, deal w~fh s:,ch successor or successor in interest wnh reference to this ~
i ~•f~age and the d_ut hereby se:ured m me same ma=.rer as ~n~th hlcrtgagor w~thout in any .vay vit:ating or d~scha~ging the Mortgagors' Gability here-
; . der ar upon fhe debt h_~ec~~ s_c~~cd No sae of ~he ~re~.ses h~:eby mortgaged ard ne fo~i+earance on the part oi tha IAORiGAGEE or its suecessors ~
as~~gns and ~o ex!e~s.o~ of :he ~.~re i~r rhe payme~~~ o! tr.e deb! here~y sec.,red g~~en by the l'~ORTGAGEf o~ its successors or au:gns, a~~all operate ~
E c re+eose, d scF.arge, mod:f~ c~,a~:3e o! atfeu the c~~g~na~ ila~ ,.t~ of the M~ORiGAGOR here~~, ather in who~e or in part.
~ 10. It is spec ~~ca:~y _o•eed ~haf nme ~s of ~he esse^ce cf th~s contrac~ and that no vvaiver of any ob! gat~on hereunder or of thr obligaYwn se-
~ •ed hereby s~a`~ at an~ h~,e me:eatrer ce he:d to be a wa~~er of the terms hereot or of the instrurnent secured herby.
; S 1. In ado t.c : to Tr,= +cre ~a •-c~r:ry pa~^:_r.~s o` ,ri-:c ;~a! and inre~es~ requ~rrd ty :he ~ro,r,'sscr~ rc'e sa,-ured hereb~, mo,tga^yar tovenants
~ ~ a~~~es ~a ray to r.c-^g+3ee r..•n e;:r. c-;,• rh ; r::~ zr. zd;:,•:or:al sum rs• ~ a~ed bi mo~tg~gee to be equa~ To 1. !2 of the ann.,al cost of the follow-
~ ' A-~'i rea~ ~•op,,-•r ta¦~s le.~_~ or assess•_d ag3~,~t ;h~ above des_^~b~d r_at esra!e.
~ S F-;• ^s cn a^d + c.s~c ^s~.,r r as n n~,q.; red to be ca r d c^• the .:r;:+ove~nents e:tuate on th~ above d~sc~ibed premises.
C-Pre u-s o~ ~~ch T t ve g~a anTy r>~~a, ce as m~•taaaee shai~ fro ~ t. e to •.~nc deen f:t to carry on the Ioan secured hereby. ~
~ n~orige~re s• ~ _ w~~ c ~~~~~y-. .,,+.y c.f o. d.;e and payable hereundrr and wth s~~'*~ shall thereupon be dut and
_ .ab:e o~ ~he d~e ca•> eT _ e•.f , c•y;~~~_~~t a~.d each successi.e .T.o-~?h fF.zreafter ur.i1' mertgagee sha!! not:fy mortgagor of a change in such
s ~~nt Su,h s~~r.s s~a ~'e:e a;: ~,:1 i,y ~no~rgo_~-~• tor.ard tr.e payment of reat property taxes, insurance prem,u:ns. a.~d mortgag~ guaranty insurance
~ : •o•n~ums. .
~ irv ;'rITP:E55 :':HEREOF, tre sa.d 3'IORTGti:~OR has hereunfo set h~s h3rd and seaf the da~ ar,d ye,ar 4::st a!eresai~. ~
~ ed, Seat a~deliv ed in th~e ~pre} ~~e of~ ~ ~ ~ ~ /
~ - ~Gi`iwC _ ~ \ v Seal) {
~TNESS Ste hen ~ ori ~~,q t
~ (Sesq i
ITV'.S ~ ' Vj ~
. Ses4
- ~ Lucina C. Zori
~ _":.7E OF F10R~DA Arkansas ~
~ G ~
' :~iJ'JTY OF ~~j,~i~-~ - 1
~ y PF Ste hen E. :'_or icn
Eefore me !1 a eared
• L 1C }7 his wife, to me well known a~d known f0 me to be
"r ~he fn~T~ldu '~N~ri6p~ jn ~nd vvho exec~ted the foregoing instr~ment, and acknowledged before me that they ezecuted the sarrte for the purposes
~ tA~ei~ ~pfi~'{w~d~~~•s~~d- Lucir.a C. LOr=C~1 ~
- r
e~i ~e 1 - Q P~ P P~
" y 1 St6 hen E.'Lorich , u n a se a~ate and ~vat~
- Nran(iA~r,on r tii~A'~ s6parate and apart frcm her said hvsband, acknow(edged to and before me that sha executed said instrumem freely and votuo-
~~dy a~~ dnjrtOns~~ftiop, tonstraim, apprehens.on, or iear of or from her said husband.
_ . * ~ ~ _ u ~
Y1~lyf~1~ ~~/htneTa~d dffc;al seal th~s_ k~-~-_ day of hovember _ q. D. 1971 }
} . ~ ~
- , i ~ •~1~; }t /cl[ l.~.'C'~~-a--~
C i-'~ • + ~ ~
- ~ C~ ~1 • - Notary Pvblic in a~d for the State of Horid~at Large
: '~i~~,~ ; My Comm~ssion expires: Ar]C~1it5a5
; Rerurn To: ~ ~ ~ ~
~ F~nt Federot Savings a loan Assouation QECOR E~
_ o~ Fz~,~ F•-~~. fILEO AMU • 7
co.t v,.,;~~ F:~,..~, St.LUCIE COUMTY lA. ~ :
~ ROCER POITRAS T t
~ CIERK ~~aCU11 COURt ( t
RECORO YER~FIEO~ ` '
~
~ 30 3 04 P~'7 ~ ~
= This Instrument Prepared By ~~;m. E. Braun
First Federal Sav4ngs & Loan Association ~.~p~cr~ ~
of Fort Pierce , Floz ida ~~VV f $
~ Ch?cked BY ~ -----8-~ ~
- _ 800K ~97 PAGf 1689 :
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