HomeMy WebLinkAbout2660 1o place and continuousty ?eep o~ ihe bu~ d~~~ga ncx o~ to ~..'~er s t~,ie on s;~d land a~d on aG ep.:~,:.,~en~ and penona~~y co.e~rd 6Y ~h~s mo~
age, werh sU prtmwms ~n~reon pad ~n f„ii, f~rr ~~;i~~a•~:~ ~n v~r .~s:..: sro.,a.+•d ~~cy fcrm, in a a~:n aEJ~orrd bY ~~e h;:~R•:•~v:E, a~,d w~nda~o
~ns~rance in the usual s!andard pol~cy ~o~+n, in a sum e~:pru.rd t~y ihe MORIGAGfE, in suth com~;any or canpan.es as tne F.",JR1vAGEE R+
dvec~; and alI fire and w~nds~o~m in~uran~~ po~~c,rs on any of s.~~d b.,~~d:ngs, any ~nteres~ there~n o• part ihe~eof, in ~he agg~rgo'e s.,++~ ato~asi~d
in eaceas ~hereo4, shsll :ontein the vwa~ ara ~dard maTy:,gre c~aux or s..c~ o~her de~se af ~he Mo~rgegee msy ~equ.rr, mai.u~g n;e :css u~.drr a.+~d po
oea, each end every, paYabie to sa~d h1JRTGAGEE as ~TS ~n~c~as~ mav apyear, and each and e.e~y s..ch po :cy ~heii be nrompny a~s 9~~rd e~~d d~:~.rrrd
sny held by ~e~d MORfGAGtE as fw~h:r ~ec..r~ry to sa~d n:o~~ge~e dct~r, and, not iess ~han ten i10) deyi in ad~unce o1 ~ha esE-~~a~~an o~ rech Va:~cY• ~o d•
I~ver to se~d MORiGAGfE a ronewel thrrrof, to~e~he~ wir~ a ra•c~ ~•t 40~ tha prr~~~~u~n of sucfi rc~~ewa~; a~~d ~he~e sha~~ be ~w f.re o~ .~:~~~aio~~n ~nsuranc
ptaced on any of sa~d bvild:ngs, any fntcrest 14~ere~n or part thcr~•oi, u~ rss in the iorm and w~th the loss payable af a!c~reaa~d; ond ~n ~he e.ent e~~y f.,n
01 .r.n.,.v k~rn~,,.~s neyable under auch nolicv w noLc~es sa~d MOR7GAC3EE ah,.ll nave thr oNT,on to rrco~Ye o~~d apN!y the ia~ne on ac:o.,ni ot mr ~ndrt~ti•d
ness sewred hereby or ?o perm~t sa~d MORTGAGOR$ to rcce~~e and ~ie it w eny ~~nr~ t~~c•:eof to~ c~n• •~,~r.;;s.s. .:~~%~~.~t ~n•~~_ ~"'s>•~'
infl any equ~ty, Len w~.9ht under Or by vinue of th~s morr~e~e; and in the evrM aa:d MOwIGc1GORS shail ;or any ~eason fait 1o kcep ~~~c sa~d,~~~rrn:sos so
~nsur~d. or lail lo dr~ive~ prom~tly eny ot sa~d pol~[~es of c~au•er,.e to sa~d MOQTGAE•EE, or ta~~. prori,p!ly f0 pay fu~.ly any p•e.,.,.:~*+ ther~tor o+ ~n a~~y
rcspect Fail to pe~iam, d~scharge, e~.e;ute, effea. co~~~plrfr, co~~;,~y ~w~ah an~ ab:de by tt~~s tovF~snt. or any p~~t herroi, sn~d MvR1~.:,GEE «lay N,ace o•a
pey for suth inaur~nce or any part thrrcof w,thout vva:ving w aflr:hng any o,~t~on, +ien, oqu:~y, or r~~h~ u~~der or by v~~t~e of th;s Ma+e3a9r. end tfit
t~!I a~.w~nt o} each and e.e~y such payment shall br ~:n~r~rd~ofr!y d:~e a~~d paY,ble and s1~. ~t bear infer~•st from the dofe thcreof ~nr~t p~~d at the re~e o~
n~ne {~r Cen~um pet annu~n ond to~rth~•r v~ith such 6tire ~~s! shs„ [~c• sc:.:~~ d by the Len of th~s morigagt.
To permit, commit or suffer no v.aste, ~mpairment or dctcr,o:~s.o:~ of sa~d prope.ty or any prrt therrof.
5. To pay all and singu~a~ the tosts, charqe: and rxH-enses. ~nctud~~~g a reasonable atiunry's fee and costs of abstracta ot t~tle, ~~curr~d or peid at
any time by aa~d MORTvAGEE, becavse o~ in tAe event of nc~ fa:iure on the part of ~he se~d MaRTGAGOR to duly, prornptly and 4u+~y periorm, d~sthergt
~Recute, effect, compiete, co~nply w~th and ab.de by eo.h and evary the at~F~~~at~uns, agrre~~~cnts, condrt~ons, end covcnants o( se~d pro:.~~>aory nore a,~d
mort9agt eny or e~ther, and sa:d costs. charges and expensrs, tath ond rLe!y, sheil be ~mmed~atrly due and payab~e; whether or not thrro bt not~ce o~
mand, attempt to collect or suit pend.ng; and the f~lf arnoum of each a~,d ever> wch paymrm shalf bea~ inter~st from ~he datt ~~e~eo1 until ps~d a1 ~he
~e e~ n~ne H-er cen;um ~~cr en~~~~r e~~d ali said cosrs, cr,~r~rs a•~d r.:~o~ s~ s incur~ed or pa~d, togrther w~th auch interest, shall be secured by ihe i~ro of th~~
mortyepe.
6. That (a) in the event of any b~each o1 th~s Morrgage o~ drfav~r on th- pa+t of thc MORTGAGOR. o~ ;b} ;n the event any o~ sa'd wms of mo~ey
herein refe~rrd to be not prompNy and luily pa~d w~ih~n th,rty ~3J deys ~c,r a•?rr thr aa~ne seve~a':y Decome due and payable, witlaut demand or notice,
or ~c) in the eveN each and every the snpu~a:~o~s, agrrements. ca~d~~~o n and covena~ts ot sa.d pronussary note and th:a mortgage any or e~~her are not
j~iy, promptly and fully perforrwed, d.xharged, executed, efteard. compieted, comphed with and ab~decf 5y, then m r~ther or sny such evem the sa~d ag
~regete sum menhoned in sa~d prom~ssory note then rema~ning unpa~d, w~th ~ntr~e,t ac.~urd, and atl monc~~s secvred her~by, stall become due and pay-
av e fo~thwith, or thereafter, at the or.t~on ot sa~d MORTGAGEE, as t~iiy a~xi comple~ely as ~f sii of the sa~d sums of money wero w~gu~a~iy u~pwated
ro be pa~d on such dcy, anyih~ng in sa d prom~ssory ~ore or in th~s Mor~gayr ro the co.~~ra,y norw~ths~s~d:•~g; and the~eupon w thrreafier ai ~he op~~on ot
a+id MORT.GAGEE, w~thout nat~ce or drrc~and, s~~t at Iaw or in eq~•~ty, tii~•~eio~e or thrreaifer beg~n, may be prosewtrd as ii sll moneya secu~od hereby
n,d rt~st~red pna to +ts ~nstrtuuon.
7. ihat in the event that at the begi~ning of or at any i~me pe~~d~:~o any s~it upon this Mortgage. o~ to loreclose it, or ro reform it, or to enforce
paymeM ot any tlaims hereurnler, soid N,ORTGAGEE sha:i epNiy to the Court fie+~~~g ~ur~sd•~t~pn the•eof tor fhe appo~ntmem of a Rece~ver, s~ch Covrt shail
rorrhwith appo~n~ a rcce~ver of sa~d mo.tgayrd pro,xr.y aU ;r~d s~n~u.er, ~nc ud r,g „ti and s~ng~:ar the inccme, p~o?os, issves and rever.,,es from whate.•er
s~;~..e rl...:..0'1. _tr1: a.v_I .vnrv nf ..,h.~h. it Minn ~a~.rs•auy unr1.-rst~:-~d t~er~~bv mo~t?aoed ai if sDeC~l~Caily SBt forth and deacr~bed ~n thB OranhnJ dnd
!~d!xndum c;e~srt hereof, nnd such Rrcewcr shatt have a~l thr br,,,,a e.~d et+ec~:+e funce o.~s a~~d powe~s in anyw+se enawted by a Co~~t to a Rece~ver, a~d
s.:h appoinrment shall bc made by wcF. Co.~rt a! an ad rvtrrti cywty a•,d a n.aner of a~so ~te nght to aa~d MJRiGAGEE, and w~th~ut re~ercnce to ihe
a;lequocy or inadequacy of the value of ~he propr~~y mo•~gageo o~ ~t~~- so ~rncy o. ~r.su:.rncy oi sa~d MORTGAGOR o+ the de~e~~dants, and rhei such
re~n, profrts, into.ne, issue~ and reveni,rs ahall be apr:~ed cy sucn Recr~~er accord~ng to the Gen or equity of said MORTGAGEE and the praU~ce of such
Covrt.
8. To duly, prompr'y and ful~y pe~fo~m, d~scharge, execute, ei`c:t, complrfe, comply w:th end abide by each and every the stipulations, agreements,
:onditions and covensms in sa~d prom~saory nose and th:a mortgj~e sc-i forih.
9. That in the event the owne~sh~p of the mortgaged pie~~uses. or any part therrof, becomes vested in a ptfwn other than !he MORTGAGOR, the
'L~RTGAGEE, its svccessws and ais~gru, may, w~+havt not~c~ to ~ne A'.ORTG~Ok. dea~ w~fh s~ch successar w succeasw in interrst with reference lo thia
o•igage and the drof hereby secured in the same ma•znci as w,~h 1Av•~~ogo~ ,ti~rhout in any way vit:ating or d~xharg~ng the Mortgago.i lisb~i~ty herr
~•:der or ~pon the debt hereby sec~~ed. No seie of tt~t r:e~T ~s~s h,rebr mu~~gagrd and no forbearance on the part of fi~e MORTGAGEE or its successo+s
o• ass~gns and no eare~s~on of the t~me for ~he payme~~ o! the ci~•b~ h^<<-t,y sec~red g~~en by the MORTGAGEE of ~ts successors or aas:gns, .hall operare
ro reFeese, dacharye, mod~fy change or affect the o~~g~nol i~eb.;.ti of tt,e I~.URTGAGOR I~erem, rither i~ whoie or in per~_
10. It is speuficalty eg•eed that time is of t1'e easen;e of ~h~s co*~fract and ~hat no waiver ot a~y o~Ggat~on hereunder or of the obligation se-
tured hereby aha!i at any t~me ~herrafter be hefd to bc a wa~ve: of the terms ~ereof or of the instr~ment secured herby.
1 L In aod~t~u~ to thr +o~ego n~ monthiy paym~nn o! pn:zc pal and u:Trres~ reqv~red by the prom:ssory no~e secu~ed he'~•by, mortgagor co+enams
~ a~~d agrces tu pey to mo-rgager ~n~th re.h R,ont1,!y pay~..e~~t an edu ~o~ia~ sum ~-s':n atrd by nw•tg~gee to be equal to 1, 12 oi tt~e annual cast of the foliow-
~3:
t
E A-All re~? ;,roperry taa~s lev~e~' o• auesscd og.,.,s• r~~: ai~o:e d~•s-•r.,~.d reet esfare.
t
F fi-Prem:~ms on f~re end vv:ndstonr, lr.tu~ar cr as is._•+c~n r:,y.;. rd to be ca~n••d on the ;,roveme~ts s~tuate on thc above descnbed premises.
~ C-PrrmwrT~s on suth mo~ty;ige gua*anty msu~a~..e os m~•t;yjyee sha'! `.rc^ ~ me to t~m~ derm fit to tarry Or. the loan secured hereby.
; Mo~tgagee sho !~om t~.r:e to t~-+,e nc~~~f; mo~ty~go~ ~n •s,nt,ng o{ thr ar o~•~t d~e and payabte hereunder and wth su-n sha:l the~c~{.on be due and
.;:able o~ thr d~e datr ef th> next mo~it~: y p~~:.~e ~t ana e.,ch success~ve ~,o^.th tnerrafrer ur.tii mortgagee sha!: not fy mo'~gagor of a cfiange in auch
:o~nt. Such sums s`~a:~ be aN~-. ~td t,~ n~o~ryay.•e to~na-d ti~e pe~>ner,t of :en~ p~o~~ty taxes, insura~ce prem.ums, and morlgage guaranty insurance
€
~em~ums.
~ IN WITNE55 'h'N~REOF, the said MORTG/+GOr2 has VFereu~to sef h~s hard and sral the day and year firat s{oresaid.
` S~gned, Sealed a:~d defive.ed in the p~esence of:
~ % ~a~ o-~.:.~
_ ~ ts~•n
~ '~Iitness • Francis W. 0'BMe
~ _ i~~~
(seaq
~ witne ss : v~- li. Eleanor ~C. O~Brien cs~an
~ S i ATE Of ~ I~I`~/1ffi1f~
~ C ~ ~ u.
~ Y op ~~Ae_.-r, ~lc ~e-GG I
~ Befwe me personally appeared _ F!'HLIC~3 W. ~~Bl"~812 ~ •nd
_ Fleano~ E. Q•Brien _ h~: w~+a to me well known and kno.rn to me to be
the individuats deacribed in and who exetuted the foregoing i~strument, and acknowtedged befwe me tFwt they eaecuted the same for the purposes
- rhe~ein expressed. And the sa~d___ _ ~81T102' g. O~Brien
x= +::Fe of the sa~d - -----------~a~iS ti?. 0'Brien _ upon s sepe+ate end pr~v~t~
exam~nat~on by me tai~en sepa.ate and apart from her said husband, acknov~ledged to end before me that she executed sa~d instrument freety and volun-
ran~y and w~thout any compufsion, constra~M, apprehens~on, or frar of or from her said husband.
- WITNESS my hand and offic~al see! this_ _ day of_^- ~ ~m~r A. D• 19 T~
. •
- Notary Vub!ic in sn t of~i aS Ls~~
- ' My Commission exP~res: 2gIld '
Rer~m To: ~ . ¢ - '
First Feder+l Savings a Loan Aaaociahon ~r '
` Of fur7 P:rrce ~ '
= Fort P~e•ce. F~onoa •
fi~ED a~o RECGRDED . : • .
ST.IU~~E COIiMT~ FLA.
" ROGER POITRAS
CLERR C?RCWT COURT
This Instrument Prepared By Riehard l~. 1CSye8 pfCOkO Yfk+fIED~~
First Federal Savings 8~ Loan Association ~'j
of Fort Pierce ~ Flo~'id8 oEC'O 2 58 ~ f'
~
Checked BY
aoaK 197 PacE 2656
~ lia