HomeMy WebLinkAbout1693 3 To p'ace and connnuous!y ?eeF on fhe L~.::~^gs or he~a,!rer st,;ate en sa d ~and and on a~: eq.,~p~nem and pe+sonaUy coYrred b~ ihi~ mor
ege. w:iA aU p~en,~,,.,.• it•~~reon pa d,n f„''., t:rc ~~.._.a .c~ .n . s_ sT.+~~d.+•d Fw.~cy fonn. ~n a~..;*+ a~ pro~ed br thr MJR,~•%~:~:i, a:,d :dsto
~nsurance in the us,.ai ~~a•:di~d po'.cy io~~n, in a e~m a;Ero.ed ty ~he h1~RTG~~tE, in wch coropa~y or co~nr.n,ei as tne A',J2f~~~EE
d~recr; and all f~re a~,d w,nduerm ~ns~~•ance po ~c~rs on any of sa,d tx,i,d,rx~s, any ~nreres~ +here~n or par~ ~hereof, in ~he agg•eyd~e s..~n atoresa~d ~
~n excesi thrreof, s`~ail :on~am tnr us:,a~ sta .ds:d n,o~+g.~gce c.,+~se or s.:.h orher c'~.:se as the Mo~~ga9re! may req~,re, ~nal~ng inr ~:-ss u~~dr~ se•d po ~
c~es, ea:h and every, pa~a5e ro aa~d A;JR'vAGEE as ~ts uv~~r~st may appear, and each and e.ery n~ch p. ~cy sha:l be promptry assy~'~rci a~~d de ~.cred
any held by sa~d M.OR:GAGEE as i;;riher a.cur~ty to ~a,d ~~o,tga3e d_ut, a::d. not leas ~han ien 110; days in ad.~3•~ce of the e~p~~at,on ot ea;~ ,::.'~c~, to d.
;.ve~ to sa~d ti1pRiGAGEE a reneNOi the~eof, to~r~hrr r.:~h a rr:e,~t for the pr~;.i~um oi such re~~e~na1; and thrre aha:l be no i,re o• ...~:,~sfc•~n ~~suranc
pixed on any of sa:d b.,ud,ngs, any in~erest tnere~n or pa~t thereof, ess ,n fne lorm a~~d v.~+h ~he ~oss payab~e as aforesa~d; a~.d in ihe e.e~~t a~~y s,;~. ;
of money becomes payable ~~drr s~ch po~~cy a~ po:.c~es sa,d MJR?t3%.'v:E s~~.~il have ihe op~~on ro recr•.e ~~~d app:y the same on acco~:v of ine ~nd~-ct~•d (
ness secured he~eby or ro prrn~t sad 'AORTGAGORS ro ~ec.-~ve a~d uae it or any ::•~i inr:~-ot !o~ o:~:,•~ ~;u~:::ses, :.:~no~.t ~h~~~c. •+.:~.~'a a~ P~~"
~~+9 ar.y eqv~ty, Len or nght under or by v~r~~e of :h~s mc-~g3ge; and ~n the event sa d M0~2TGAGORS sha:l ior any reason la~t ~o keep ~he sa:d pre~T~ses so
~m~red, or fa~l to de~+.r~ promptly any of sa~d po .c:es ef ~^s~rance to sa d MORTGA~EE. o~ rr,'. N'Jmptty to FdY fJ:~y any p~e th~ve4or or ~n a~~y
reapecr fa~l to pe~`ocm, ~ sch;rge, ex~cuir, eife;t, s~mp err, co n~;y ,n~rh and ab.de by thas cove+~a~», or any pa~f hareof, s~~~ M11V~IJNVCE may p~ace a•o
pay for such inswanct or anv part thereof ~rt1Out waivuig or dfTG:4+~9 ar,y oNt.on, Len, equ,ty, or t~yht u+:de~ or b1 ~•~rtue of th;s Atior!gage, and t!~t
f„i! amoum of each and e.ery such pa~r:em shait br ~^:~nrd,a~eiy d.,e a~~d pa~ab:~• a~~d shei~ bear ~nterest from tha date thereof uncil p..~d a~ the rate o1 .
•.~ne per cenr~m per annurn ond 1::3rme. ach s.:cn r,~r.~s• sh~ .:,e sr:~~_d 'o> the l~en of thls mortgjge. ~
To ~rmit, commit a suffer no ~n,asre, ir~!?~~•r.,ent or dztrr~oronun of sa~d property ur any part therrof. ~
S. To pay sll and sing„'ar the costs, charges and e.F~e~-.ses, ~nc:ud.~g a reasor.3ble atto*nev's fee and cosrs of abstracts oi t~t!e, incurred or pa~d a~
nny tin-.e by sa~d MOR'GAG:E, because u in :he event oi the f~ ur~• ~n ine part of ~ht said 610RTGAGOR to du1y, prompNy and f~•iy periorm, d~scharge
_xecufe, effed, comp:ere, camply w,th an~ ab de by ea.n e~d evr~y ~he s~~p~ ai:ons, agrremsros, cO~d~t~ons, and covenants of sa~d p~o~r~ssor~ nore a~~d ~1,~s
.r.atgage any w e~~her, and sa.d cos~s, char~es and ex~enses, ea.1, a~d every, shall bt i:nmed~ately due and payab~e; v~herher or not ehere be not~ce dr
^~an~, attEmpt to co:iett or suit pend.~~9; and ~he f~;l a•noun~ of ea;h a~~d e:er~ wch pa~mem shall bra~ inrerest from ihe date the:eof ~nri~ pa+d at the
r.:te o' n~ne per ien:~m ~•~~r an,~..n; c:u''. at; soic3 costs, cna ges a~~ ~~:e~sei !r~c.,.red or paid, togethrr ~~Ah wch interest, Shdll be secu~ed by ihe 4en of th~~
morfgage.
6. Tf+at (a) in the event of any breach of th~s Mortgagr or defa~!r on th~ pa.t of the A10RTGAGOR, cr ;b) in the event any of sa.d e~ms of money
herein ~eferred to be not p.o;np+ly and fu:iy pa~d w~~:.^. rn +ty c3J: ~.+{s nex~ a•~er ihe sa~ne sr.e~a':y be:o~ne d~e and peyable, wifho~t demand or noi~ce,
~r ;c) in the event each and every ~he sr~pu~at~ons, ag~eemer,t3, tc^d•'io~s and corenanrs of sad From~ssery note and ih:s mortgage any or e~~her a.e not
iu:y. p~omptly and f~lly p~rformed, d,scharg~d. eRecured, effe:fed comple~°d. compi:ed wnh and ab:~ed 5y, then in enher or any wch eve~t the sa~d ag
g•egate sum ment+oned in Sa~d pr~m~ssa~~ ncte then ren:a~n~ng un~.a~d, v.ith ~r,'rrz~t acuued, and a~l mone~s secured hereby, shall become d.,e and pay-
ao.e forthw~th, a thereatfer, at fhe op!~on ot sn:d I~AOR7GAGFE as fuliy and cump!etciy as if a1i of rhe sa~d sums of money were ong~na~ly snpu~aied
•o be ~.+:d on such day, anyth~ng in sa d p~oT,ssory note or ~n ~n~s hlorrga~e ~o ihe comca.y no~.~,rh:tand:.~g; and ~hereuoon or thereatter at t~e op+~on of
~ uneTr_.4(:~E, ,~,,;rhe~n noi~ce w demand, s~rt at !aw or in equ~fy, ~h~reiore or thereatrer brgun, may be prosecuted as if ail moneys secured hereby
n_d mawred pnor to +ts ~nstit~t~on.
7. iha~ ~n the event that at ihe beg~nning ot or at any t~me cend~~.~ any su i u~on fh;s Mo*tgage, o! to forectose it, or to reform i~, or to enforce
; avment of any t:a~ms ht~e~nd;~. sa~d MORTGF.GEE sha ~ app!y to the Co_•~ ha:~rg ;u~~sd c+ er. ~n_~rect for the appo:nfinent of a Rece~~er, w.h Court sha~i
c•?hwith app:.~nt a rece~+er of se~d morrgaged pro~rty aii ano s~:~~u.ar, ~rc~u~~ ^g a~,~ a~~d :•r,g,;~a. +^e ~ncome, p~oi~ts, issues and revenues from whote.~er
s:,,~ce denved, each and every ot wt.ch, n t>e:rg erp•ess'y unde•s~o~~ ~s ie•_ry rna•rga~ed as ~f specficn:;y set forfA and dexr~brd in the g~anting ar.d
hj;~r.du~r. c.avses her<of, and su:h Rece~.er sha~; have a:i :he 6~;ad a-d r'~c-c•..r f.,r:~ c+s e• d po.+e~s m anyv,,:se er.truated by a Court to a Rece~.er, a^d
s_:h appoinrmeut sha~~ be ~:ade by s~ch Cou~~ as an ad-~:rr~-d rq~~~~ a~~d a~ar~e+ cf acso:ute rgro to sa~d MORIGAGEE, a~d wrthcut reference to ~he
e;;rq.:acy or inadequacy of the va;ue or rhe preperty mo~tgzged o- fe ~F;~ s~ .~~cy er :~>c..en:y ef aa~d MORiGAGOR w the dete~,da~ts, and tha~ wch
•~-•~!s, protits, incane. ~asves and rerer.~es sha~! be app.~ed oy aucn Rec~•~ve~ tc:ord.~-g ~o the ;~en or equity oi sakd 1110RTGAGEE and rhe prachce of such
~ Coutt. ~
~ 8. To du1y, prompt,y and fu~ y~r;o~r~, d~scharge, eae:~!e, efic:• caTp~e'e, co~ p~~ ~n~rh and abide by eath and every the st~p~:at~ons, agreements, ~
~ :or,d~uons a~d wvenanrs ~n s~:d prom~ssory ncre ar.d ths c•,.rt~a~e set ?ortA ~
b
- 9. 7hat in the event rhe Ow'nership oi ihe rno~rgaqed pre:.•.ses, o. a~y part tne.ecf, becomes ves~ed in a person other tfian the h1pRiGAGOR, the
~ ";'JRTGAGE~, irs succrssors and ass:g~s, may, w ti~out nc•:.e re i~,e N•JR+:-%-OR. dea; ..:rh s,:ch svccessor or s~ccessor in ~nterest wi+h re`erence to this
j ^ o•egage ar.d the d_b~ hereby secured in rhe samz mar.ner as ~.:•h :1~•~~ogor ve,chout in any way vit.ating or d~scharging the Ihortgagori IiaC~~ity hzre•
~ . ~der or upon fhe de~t t~cre~y securcd. t.o sa'e ef the ~•e~. ses h_-eo, .no~!gaged ard no 4o~bearance on the pan of the !1~ORTvAGFE or rts succeswrs
e~ ass~g~s ar:d no exre~s:on oi me f:me fo: Tne pdyr^ent o! tt e deb~ hc•eb~ sz.~ied g~ven by the MORTGAGEE or ,ts successors or ass:gns, s:~a:l operate
~ ro re~ease, d,scharge, mod~fy change or affect the or:g,n;! ;~a~.:.sy of :ne h'.GRTGAGOR i:ere~n, either in k~!:oie or in part.
10. it is spec flca.~y sg.eed rhat t~me ~s of rhe esse:,ce ef ~h:s co^rroct aod ~hat no waiver of any obllgar,on hereunder or o{ the obligation se-
A c,~ed hereby sha:~ at any hn,e thtrea!ter be heid to be a v.a~~e: of the te:rr~,s herec~ or of the instwmem secvred herby.
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~ 11. In ed~•,._. 'o f~.e iorE~c;,~ ^~on•i;'y r,ay--~._~rs oc : ::3 and !„_~~s• re?u.:rd by the promsscry ne'e sc:~•ed fiereb+. mprt~;^yor covenants
d ag~ees to paY to ^:o~rga~ee ~n,tF, each m;.~+h y',d.' B"•t an.~ea. •a~a. s~•-• ~s' ~ a~ed bf mo~tga9ee ~o be equal tc 1 i2 of t'ie an•~ual cost of the foiiow-
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A-A!i rea~ propeny taaas ~e:~~ed o' d55P55_J ac:~.s, a::oce d_•sc•.:~.d *_aI essere.
6-Fr_~ ~,,-.~s on f~.e a~:d winds•o~m !r,su~a~.ce as ~ere:n r~,;.•_d to be ca:r~Fd e~ 1he ^~;.roveme~ts rtvate on the above d~sc~ibed premises.
~ C-PreT,~~^'s oo s:;ch mort~sqe g~a~a~ty ~^w~a~ ce as ~no-r.~~~yee s~~.~~' 'ro~r ~^e !o '••r.~~ deem f~t ~o carry on the }oan sew:ed hereby. ;
Mortgagee s~a''• `.rom t~~r,e to t:~e no+~fy mcriys9~• ~n w+:f,ng af the a~-o_~t d~e and payable hereundar and such su-n Sf13II 1tte~BL'+JII be due and y
~ .,ab!e on rhe c~e c* ~ne r•aat ^~,c-:+n.~ oa~^~ezt a:~d e::c~ r.:::ess~.e ^c^.th rhereaft~. ur,tii mcrtgagee sha!i notliy mon3;ger of a change in :uch ~
~ ou~t. $u:h sums s~ af be a~; ~zd uy mor,gag.e to~na-d tr,¢ ;,a~me^t of rea: prc;.erty taxes, ~nsura:ue p:em:ums, a+~d mort~age guaranty ~~surance
."em~urn5.
IN ~'11TP~ESS '.~N~REOf, tne sa~d tiSpRTGAGOR ha: herev-~to set his ha~ d and seal rhe d and year a oresa
~
~ S~gn Sealed and de4'vered m the presen o'.: l ~
~f~ Seal)
~ ~ Rob rt F. Bre ton ~~a~~
n • (Seaq ~
L - ^ ~
rereton ~~a~~
~ ~"47E OF ftORIDA , ~
St . Luc i e ~
~ous~rv oF - ~
~ Befwe me penonaliy appeared Robert F. Brereton and
)ean A Brereton _ h~: wife, to me well known and kno+vn to me to be
the indind~eis described in and who eaecuted the forego~~9 instrumem, and acknowledged before me that they executed the same for the purposes
7~erein expressed. A~d the ~a~d_ Jean A. Brereton
~~`e of the sa~a Robert F. Brereton upon a sepa~ate and private
- e¦ammaf~on by me taken separate and apa~t from her sa~d husband, sck~o,tiledged ~o and before me that she executed said instrumen: freely and vot~rr
ta-~ty and w~rhout any compu;s~cn, cor.srra~nt, apprehens~qn or fear of or from her said husband.
- ~ Navember 71
_ WiTNESS my hand and of{ic:al seal this--~~-_-_-__ day of_ ~ l4_ D. 19 ~
~ ~
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Norary P~btic in and fw f =Tar o'{,~?~idi ~t ~
My Comm~ssion expirts: ~~~~J r)
~ Retum To: ~/ry ~ V
~ First Federal Savings 8 Loan Assoc~a!•on ~~~1 4~CQR~E~ ' ' ~ : .
_ o~ p ~.~p St~IUC?~ :.OUIlTY fL~- _ v : ~ ~ :
iorf G,e.ce ?~a~:d~ f10GEF f01j COURT ~t ~ ~ ' _ -
- C~ERK C1FiCl11 j
.~o a -
' RECORD yER~fIED~~ . $ . ~
_ -~'~1
This Instrument Prepared By RiChazd K. KayB~B~ ~O ~ 04 ~
First Federal Savings 8 loan Assoc~aticn ~
of Fort Pierce ~ F 1 or ida _ ~
21966g ' _ " J
Checked By ~
E~DK~g~ eacE16~~ .
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