HomeMy WebLinkAbout1757 3. To p:ace a~d Contin~ouSly ?Pe0 on chc b.. d:~as n; x.r r.r+r_,ir~•r ~ r;.;•r on sa:d !and and on a!; cq.,~;.:nrm and persona~~y co~ered by ih~s mor
age, w,rh all nre~r,u^~s ~~:~reon F.; d:n t,;:t, f,•e ~ns..r, ..e ~n mr ..s..a~ s~~r.i.~ d yr :cy fo-m, in a s~m a; p~c.ed b~ the htuR:J%~.iEi, a~d vv~ ~oaro
insvranct in the usuat s•a~da~d pa cy !o•m, a s~m s•: pro,rd i.q ~he 51~.,RTG~3EE, in su:h compa~y or ta~~pan es as the A•,Jw:vAGEE m
d~ret~;. and a!( t;•e ar.d N:ndsrcrm ;ns.,•a~•cr po ~;,~•s on a~~~ of e~~d ~,+:d ~gs, any ~nreresi ttie~e:n part thr~eaf, ;n the ag~~rga•r su~n ato~esa~d
in ~xcess therecf, shatl ,om;~n rne us~~: i s~a,ds•d mor!~.~gee c..a~se o: s~ch o+he~ c..+~se as the Mo-tgagre may requ.re, ma?~~g tnr :ess undrr sa~d po
cies, each and every, paYab'r ro aa~d :S1pRTG4GfE as .rs .nec:.~st n.av a,;p~•a., a~-,d each and eve~y svch po :cy sh~il be {.rompt!y ass g~~cd a:~d dr.~.r.ed :
•ny he~d by sa~d MORiGAGEE as funher secunt~ to sa~d o~i~,3C d~~• o. ;i, rot irss ~i~ac; te;, ~iu'i da~s in ad.a~:ce oi ti,e r~~~~a~~on o+ eac!~ po'~cy, to d~
Lve~ to sa~d MORTGAGEE a renewa~ lnereJ4, togethe~ w.ih a rrcr ; ~ to' tR_ prr•n:~m of such rene..a,; and !hrre aha~1 br no f.rr o~ ~.iiu.~m ~ni~ranc
pla:ed on any of sa:d `._~!d~+,gs, any 1nie~est there.n or par~ ~h_r~~i ,~so- ~n rF,e Icrm and Meh the ;css payaL'e as a~o~esa~d; a~d ~r ihe e~ent any s.,^
oi money becom~s Qayabl~ ~mder s~ch pe~~cy o~ pol•c~cs sa~d MJRTG.%.~~:'_ ~~.~n ha~e ~hr o~~.un to rec~~.r ~::d app:y tne sa ~~e on zc;o.,.~i of ~hr ~~~dr:.~~-d
ness secured he~eby or ro perm~~ aa~d MORTGAvORS to rece~vr and ~se ~f or a~y rt,-:ro4 'rnr e~~~;+ ~.:s~s r~,-,,:r ,,,..,...3 ,.p,.,~
ing any eq~,ty, {~en w r~ght ~ndrr w by virt~e o1 th~s mcr•~a^y'r; s~~d ~n ~he event sa d Mv~2Tt~AG0~5 iha'1 `.or any reason fai! to Aeep the sa~d ~~e~~~s_s so
inwr~d, or fail to de~~ve~ pro~nptty any of sa~d po'~t.es cf ~~:su~ance to s~ d MJRiGAGEE, or fa~. prompt;y to pay fu.iy any p:c•~~~., n therrfor or 1n a:~y
respea fait to pe~form, d.s.ha+ge, execute, eftect, con~p'eta, tpr.pi~ ..~rh ar~d a5~dr by m.s covenant, or any parf h:reof, sa~d 1.1J'wi;,~GEE n:ay p,ace a~a
pay for svch inswance or anY part thareof w,ihout wa~v~n~ or oifecr.ng any op~~on, ~~en, eq~.ry, or n~nr under pr by v~nue of eh:s ,\!or~gage, and the
full amount of each a:~d e~ery s.,ch pay~„Nnt sha~t be ~n:med;a`e:y d.:e a::d pa~at;e a~~~ si+a,~ bear inte~~-st fre~i tha datr th~~rof unr~t p.,~d at ihe ~ate ot
m~x pe. crmum per ann~,r, and 1JJcth~~. ~nrth s:,ch ~:.~~•-cs~ et,,,. ; r s:..:~d i~y tne 6en o} th~s mortgagr.
To permit, commit o~ suffer no waste, impa~rrr.znt or der~r;oraT,o:, of sa~d property or any part the:rof.
5. To pay all and s~ngular the cosrs, charges ard espe.~s~~s. ;nc;,,d~~~~ a resso~~ab!e atror~e~•'s fee and cesrs of abstracts of t~r!e, intur.ed o~ paid at
nny time by sa~d MORTGAGEE, beca~se o~ in the event of the fa.urz on tne ;,art of the sa:d A+IORTGAGpR to d~:y, Fra^ptly and fu•~y Frrtorm, d~scharge
eYecute, effed, comp~ere, co nply w,th and ah de by each aad every ~he s!~, .~ai ons, agree~~ rnts, cond~t~or.s. and ce.e~~ams oF sa~d p~o n,;sory ncte a~~d rh~s
m~rtgage any or e~ther, ar~d sa.d costs, charges and exFensrs, ea.n and e~•ery, sha~t be ~mmed~ately due and payab:e; v.hether or nut there tx not~ce d~
mand, attempt to co,tect er w~t oe:,d,~g; and ttie fui! a•no~~n ef each a~~d etirr, sv:h pa,mem s~al1 bra~ ~ro~resf from the date the~eof untif pa~d at the
~ate o` n~~ ue~ centum per o~: on; er~~ ai, sa~d cos:s, cnarges a~d c,__%.a~s :nw~rtd er pa~d, tocether w~th such ~nte~est, shatl be sec~red by ihe i~en o4 tha
mortgage. ~
6. That (a) in !he event of any breach of th~s Mo-fgage or ders.,:r on rhe pan of the .V,C2TG~G~R, or ;b) in the eve~t any of sa d sums of money
here~n refe~rr~ to be nor pro^~pc:y and fu,!y pn~d w~rh;n ~n.•ty •,3.: d~,s nc.r a-r_•• i!.e s.~ ^r se:e•a y beta~ie d~a and pa~ab'e, wn6o,,f de~na:~d or nci~ce.
or (c) in ehe event each ar.d every the sT~pu:a?~ons, agreemenfs. c. ~.d •~o•s a~d NvBnd~fS o! sa d pro•,~;;sc,ry ilfJip e~.u ~i~.s nw~~gage ar.~ o+ enhe~ a.e no~
~u'y, prompily and fu~!y ,~er4ormed, d s.~a~grd. erecuted etie::ed, co vp:e;ed, co•r.F.!:ed ~n~Th ar.d a6~~ed Sy, fRen ;n e.thrr o~ any wch event fhe sa,d ag
~re3a!r su~n menr~oned in sa~d prom~ssory ncte rhrn re.•:a,n~^.~ ~nt.o~d, w~sn ~::~~.e;t acc;urd, and a.i mon~ys secured herrby, sha,t becume d~:e and pa~-
a~•e tonhw~rh, or therea'.fer, at fhe on•~on ct sa~d A^.JKTGAv,'_, as fu:,~ co^-~p;e~r'Y as ~i a!i of thr sa•d s„ms of money were or,g~na.ly sr:pu.ated
to be pe.d On suth dty, an}thmg in sa d p*on ssory npte o+ ir. tn:s LSort~,;y-~~ to the cor,`rarY n~t.v;thstand .}g; and thCteupOn O~ 1herFa4te~ at the Opt.oo of
sa~d N,ORTGAGEF, w~rhout noT,ce or dema::d, swt at ia~n• or ~n ey.,~r:, en~r2rore or tt.rreaiTer be~~n, may be prose.~ted as if ail moneys secured hereby
n~d matured pnOr fo ~ts mst~tu!~on.
7. Ihat in the evcnt thar at the beg~nn ng of or at any !~me prnd~•~g any sun cpen Th~s Nbrrqage, a to foreclose it, w to ~eform it, ar to enforce
payment of any c~a~ms hereund=r, sa~d R,~AFv.+vEE sha'~ sEK~'v to th~ Co;;•r h;v~~q ~u••sd.;t.on t!•e:eos for the appantment of a Rece,ver, svch C~rt shail
for~hwirh apFo%m a recei~er af s~~d mortgaged property a'i and s~~,,;u.ar. inctu3 ng a;1 a•,d s:~~gu ar me ~^ceme, p~ofin, iss:,es and revenues from whsfeYer
s~.,rte der~ved. each and e~•e:y of wh.ch ~r be~ng escress'y ~,dz~s•.~o ~s !r.cc:, me+rg3~~~ as ~i speci~ca•~y szt forth and destr~bed in the grannn~ a~~d
habend~m cta~ses hereof, a^d s~ch Re:e~~e~ sha„ have a.; r~e t;•~a~ a.d e*r.K~ ~e fu^c c•-s snd oe..ers in any.v~se entwsted by a Cov•t to a Recri~e:, a:d
s. ch appointment she~~ be made by such Cc.;•! as an ad ~:~n~~d ~-G~:ty o ;^e~ cf a~so..:!e r~ht to sa~d MORTGAGEE, and v~r.h,:,ut reference to the
adeq~acy ar inadeq~acy of the va;ue of t~e p•ooe*ry r•io-+~~ge~ o: r,i~..• so.e••.:> cr :ns"~^c~ of sa•d MOR"CoAGQR or the dz•sr^dants, end that s~ch
re~ts, p~ofns, inco,ne, issues and re~enuez sha:~ ce app..ed cy svcn Rccz•.ver a,_oro.~~g to the :izn or eq.:~ty ot sa:d MORTGAGEE and the p+au~ce of s.,ch
Court.
~ 8. To du'y, prompt!y and iutly perform, d~scharge, execu~~, ej`e,r. :c~.a!rse. canc:y wt+h and ab~de by each and every the stipulations, agree:nents,
i condn~ons a~~d cevena~n ~n sa~d pro^::s:o-y no•e ;r.d ~r, s:-,ary3~e s~•T •o~-~,
i 9. That in the event ;he Own2~Sh~ of rhe m,ort ed ~e••..ses or a-, f, becomes vested in a person other than the MORTGSGOR, the
~ P P . part tnzreo
~ V.ORTGAGEE, its successors and ass.gns, may, w~~h~u+ r.cr::~ to +he lt:;R;~;:.~;~, dea n,th s~ch successor or successor ~n ~nterest w~•n reference to this
~ ^ o~~gage and rhe d_c~ hereby secu•ed in rne sa~e ~:an^er as w~~h 1.:: ••~~~o• ;n,~h~ut ~n a~{ way vit.a~ing a d scha+g~ng ~hr R1o•tgagors' iiab,trty here-
v~oer or upon rhe deb~ he~cby s>:~~,d. No sae ef ;he F~e- ses h_~rc„ m~rr~aged ard nc ferbearan~e on ihe pan of the /JIORTv:.vE~ or ifs succezsurs
o~ ass~gns and no Bn?En5~0~ of ;he r.~,e for rhe pa~-•,e~~ of t~e drW hc~re, aec..rrd g~aen b~ the MOR?GAGEE or i~s svccessors or assgns, a;~al~ operate
~ io re•ease, d~scharge, mod~fy ~%,arge or affect the or;~:r,a1 i:a~ : i~r of rhe N.ORTvAGOR here:n, either in whote or in part.
i 1Q. It is spec•~~:aily ag•eed thar t~me is o~ the essen:e of fh~s co~rracr and that no wa~vcv of any oh!:gaf;on hereunder or o4 the ob:igation s~
; c~red hereby sha': at an~ ti^:e mcrzateer be he':d to be a n,::.e~ ef the terrr.s here~;f or of the i~strurnem secured herby.
~ 1 l. In dO~.LO .O r+~,e ?o~egc o,rh . ti....:.~:•s a! ' L.._. ard . s• ;ed 6 the roT s>cr n
r P y o'e sctu~ed ~erebr mo-tya^yor covenants
~~d agr:es ~o ;,ay to r,;,•!gayee .~rh ~_t, , y ra,. c t a r.3 s.;~-. ~s' ~ o•ea by mo~Tgjgee to be equai to 1 12 of r::e o~:~ual cost of fhe fo:iow-
~ A-A'i rea! F~ope•ty ta,ces ie~n~d o~ ass_sa_d c~:, s• v~c ~...:e d~_s-• ~-3 r;' ?s•are.
~ 6- F~_-n,;,.-,s o~ fi.e ard wlndsto•ri •nsv-~-ce as i:e~e:n _~ed ic o= .a-~~cd c^ +~e ::~ove~ne~es s:tuate on the above d_sc<<bed prem~ses.
a ~
~ C_p,e.-;~r, s o~ s~:h ~.o•r~:.,= g„a•;^•~ ,rsu~a• ce 25 •..C 'y9ji'f sr.~ •.-.e ro .r d~em fif to carry on the Ioan secured 'nereby.
~
t Miortga3ee s'~e :•~o.•~ r:...N to .-e ^c c~r.:,q_ ..,g oi ~ o_~• o_, ard para6.e he.e~r.drr and wch su~- sh~;i the~e~pcn be due and
: :3yable o~ +he d_~e a~*e c~ ~f> ,~^!4: ~ ;^.t a~3 e_:~ z_:cess:.e *o F. e•eafr.r ~r.t~' mcrtga~ee sha'I no:.fy mor!gsgor ef a change in s~:h
~ •-»un!. Such wms s~a be a:;e ~ed•by n~r~g,,~_e~~a~.a-d rne ;.s~~~ent of r~_,. p,~Fe,ry ta,es, fnsura~ce prem.ums, a.~d mortga^ye q~aranty insu:ance
~ .~•err.iums.
!N ~:li"+E~S :•rHER;OF !he sa~o A0.0RTGtivO~ has here~-~~o se! h[s h;;~d and seai the day and ear firsl aforewid.
~ Signed, Sealed and de'ivered ~n"•the preserce of: / ~
~ i~ A~ _ ~-O Tl~.-t/ ~-~1d G~~ lSeal)
. ~ ~ ~ ~ t Robezt A. Schreibez ~~ai~
~ ! ~E`~ ~ ~Seal)
F~ y~ s M, Schreiber J ~~s~~
~ -
~ S~ATE OF flORIDA '
~ COUNTY OF SL . Lucie _ ;
~ Robert A. Schzeiber a~
Before me personally appeared
Phvllis M Schreiber his wife, to rree well known and knpwpl~•1p.p~ to b~
~r
,~cyr !he iredfviduals desv~bed in and who exec~ted the fo:egoing instrume~t, and acknowledged before me that they ezecuted the }a~~~
- rherein expressed. And the sa~d_ Ph lll M hzeiber : -
«.re or f~~ sa~d Robert A. Schreiber
-
E.am~nat~on by me taken sepa.ate and apa.t from her sa~d husband, ack?o•..:edged to and before me that sfir ezecvt " fy ~p,~yry ,
„ sar~iy and w:rhout any co^.puls~en, co~s~ra~nt, apprehens.onl or fear of o1 frorn her said husband. f p: p~~~ ~;.C ~
~ W I T N E S S my han d an d o f fir.a t seal t h:s__ ' S ~ _ da c! t~ V 1,
fi~~0 Rk? RECORDEO y ~ _1 ~ „ / `is• -J~
~ ST. LUC1~ COUNTY FL~. l~ Notar~ P~b'~c and fo~ State oP.f ''sriat
-~5 ROC~~ FOiTRAS 1 My Comm,ss~on expires: ~ 1
,11T COURT ~ ~ ~ r . j.
~ Rerum To: 6LEP.K C;~ ~ .,i ' ~r.~...
= first Federal Sa~ings 3 loan l~ssociat~y~~paD VER~FIEO /
O~ ,ort P_•ce '~I ~ .7•~
_ Fort P,_.!ce. F:cr:da O{~ ' A~ ~ ~
G ~
RECEMM t ~ ~ . .
219"!0'~ r~ ~E~~a~ ~LISS 'C IMTAMG, IN PA7F,+ENT Of T~pg
~ BLE P£3
= C::ApT,R ACIS
pF j~ROPERTY,
This Instrument Prepared By John W. Collins 2~~T4,
First Federal Savings & Loan Assoc~ation ~S .~Erk circu;~ ~~rt
- of Fort P~erce , Flor ida c AZer,t fcr DANIEL N. KNQpy~ES 1R
~t Lucie County Tax Cellectot I f `
'S= ~ ;
rF,o~kpri Rv YJ! -
'?~a w STATE ~F FLORfDA By j
~ F OOCUMENTA~" STI+~SP TAX ! G'~%Y/
- ~ ~ = °~~~4~- = E:;RR1y7 YACE1755 ~
~ = ~ .~ess5= ;
_ ~ ~'tiT.~f CEY[6'~ ~
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