HomeMy WebLinkAbout2984 3. To place and cominuously keep on the bu~:J~ngti no:v or hr:r.,ftr~ ~~~oate on sa d land a~d on all enu~p~»en~ and personafly covered by ~his mo~
ege, w:th all prenuums thereon pa d~n f~'I, f~re ~rs~~e~~:~ ~n IhB vSud{ ».,ndo~d p:,:~W iorm, ~n a a~m aFprovrd by ~he h1pR~GAGtE, a~~d winds~o
:nsurante in ihe usual s~anda.d po: cy iorm, in a s~~n d~+~~IJ.tld L~~ thr AIJRTGAGEE, in such con•pany or Co~»pan~e3 as the .".tiOR1GAGEE m
d~rect; and ail iire and windstorm mau•ance pot~<~rs o~ any of sa~d bw d ngs, any in~e~es? fherein or pert the~eof, in the ayg~egau sum afo~rsa~d
in excess thereof, ahali :onrain the ~sual s~a•~d.,rd n~or~g+gee c~a„se or svch oiher ciause as the Mwtga9ee may rrq~.re, maMing tha toss ~ndrr ~a~d po
c~es, eath and every, payab!e ro sa~d A\ORiGAvfE as ~ts in~crest may appear, a«d each and eve~y wch po~~cy sha11 be promptly assgned and del~vered ~ ~
eny held by sa~d h10R(GAGEE as furiher srcwlry to se~d ~~~o.~g~ye dcur, a~~d. not tess than ren ~10i djys in advance of the exNuot~on of each pol~ty, to d~ y
t,ver ~o sa~d MOR1GAGiE a rane+.ai thereof, toye~her w~th a~~cr~F-t for thr pr~~nwm of wch rone+ra:: and iha•e shail be no Lrr u~ v.~~~ds~o~~n ins~~enc ~
placed on any of said E~~Id~ngs. any imerest thcre.n or pnn ~herrof, ~,nlrsi ~n ~he fonn and wnh the losf parable as a4crFSa~d; and in the event any sur.
of monry beco~nes payable under such pol~cy o~ po!.ues s+~d ~L".ORIGAGEE sh,,tl have ihe oF:T~on ro rec•-~~e :~nJ app'y t;e sa~ne on acco~n~ 01 the indrbtrd
nes~ aecwed hereby or to pern,rt fad MORTGAGURS to rec~~va end ~se it o: a~iy i~.•~t th.~ •-of fo• c~i..r +s~n ~rs. •.:.~i~~:~ th-'•~'~ ""P°''
~ng any equity, I~en w~~yht undrr or by ~irwe of ~h~s n~c:ty3gc; and in the e~rnt sa.d MORTGAGORS sh.~H tor at~y raasun fail to kaep the sa~d preinises so
,nsvred, or fail to de~rver promNtly any of sa~d poi:ci;~s of ~nsu~a~xe to s+!d MORiGAGEE, or i.,~: pru~npt:y to pay fu:ly any pr_~n~~,,:n thercto~ or ~n a~y
resped lail to perform, d.ichoiye, e¦ccure, effeU, c~~~~p~era, co ~,y+1y w~ih and a~~de by th~s coven~~~t. or a~~y part h~reof, s_+~d MGRT;~AGEE may p,ace a~a
Fvy fw such inSUr,,nCe or any part thrrzof w~thcut v.a~vinq or afl~u+~~g any oN~~on, {~rn, rquny, or ~~yht unde~ Or b~ v,rtue oF this Mortgage, and the
f;;il amovnt of each and eve~y svch paimrnt sholt be imined~~re!y d~e a:d {b~ab'e a+~d sha;l brar interest 4rom tha date thereof umil p.,+d at ~he rate ol t?
~e pat can!u~n ptr annu:n a~~ti to~_th~•r ~nith 5~:~~ ~'~r~~ ,st sh,j~~ :.-w s~~c...~•d by ihe i+en of lh~s mortgagC. I
4. To permit, tom~nit w sv4ie~ no waste, impa~rmeot or drtrr;o~a'ion ot sa~d property w any part the~eof.
5. To pay a!1 and singula! rhe cous, charges and ex~;e~~srs, ~rn~~dn+g a reaso~~ab!e anomey'a fee and costs of abstrads of ti~!e, incuned or pa~d at
eny t~n,e by sa~d MOR1GAGfE, because w in the e~ent of N,e fe.wre on ~~e oan of ~he aa~d MORTGAGOR to du~y. p~omptly and f~i~y perform, d~scharge
e.ecure, rfieU, canplere, canply w~~h a~d ab.dr by eacn and e~~ry ihr s~~p~ia~•on~, agreements, cond:fw~~s, and covena~ts of sa~d p~om~ssory note a~~d :h~~
~:o~~gage any or enher, and sa~d tosts, chargrs and eaprnses, eac!~ ~nd av.:ry, shall be i~nmed~atety due and payable; whether o~ not there be not~ce de
••ur.d, atre~npr to co.iect or su~t pend~~.g; and the luil rnu~nt of rach and e.er~ such payn,em sh.ill bra~ mterest from the date thereot uNil paid at the
•~~e ot n~:,e ue~ c~•ncum ~.~~r an:,,, .:ne e+i s~~d cosfs. c~:~rges a: d~.; s,s ,~:c~~red or pa~d, ~oyr~her ~rnh s~ch ~n~erest, shall be sec~red by the I~en of th;~ j
mortgage.
6. TMt (a) in the evem of any breach of th~s Mongage or defau~~ on th~ part of the h'•ORTGAGCR, or ;b) in the event any oF sa:d suma of money
herein referred to be nor prc~nptly and tu~ly pa~d .v~~nui th.•fy 3J: da;s na_.r a'~•.~ tdie s~ ne se:e•a :y tecomc due and payable, w~tF~out demand or nohce,
tc) in thr event each and eve{y ~he stfp~.at,ons, agreements. c~nd~~~o:~s ~~~d co~enanrs of s.~ d pro~:~isscry note end th s mortgage any or eittier are nol
i„'y, promptly and fully performed, d scha~g•~d, executed. effe:~ed com~,'rted con,p!.ed v.ith and ab~deJ 5y, then in e~thrr or any svch event the sa~d ag-
~•cgate wm mentioned in sa.d pron•,ISSOry ncte then ie~~~a~nuiy ~ y:n~d. ..~th ~r.rrrr,t ac:r~ed, and a:( moneys setu~ed hereby, shall become due a~d pa~-
e:, e forthwirh, or therrafrer, at rhe op~~on o+ se~d A1021GAGEE, as fu,~y e~*~ co~•~piece:y as ~I ~~1 of ti•~ sa;d s~ms of money we~e onginally u~pu:ated
r,~. be pa:d on such day, anything ~n sad p+on~ssory notc or ~n ~h~s :5arrg,3,~ to inr co~~~rary nor,v:rhsta:~d:ng; and ~hereuµon or fhrreaher at the op~.on of
s>.d MORTGAGEE, witho~t nor,ce or demand, su~t at law or in eyu~r~, ti~~vefvrr o~ tl~ereatrer brgun, may be Frusecuted as ii all moneys secured hereby
r~d matured pnot to ~ts instituhon.
7. Tha~ in the event that at the bey~nn;ng o( or at any t~me pendn~g any su:t upon th;s Mo~rgage, or to foreclose it, w to reform it, or to enforce
;,.~nen~ oF any c~a~ms hr~eundrr, sald ~titJRTGAGeE sha'I apply ro rhr ~o~~~ h,~~~~g ~~~~sdc:•on ri,•~•ro} f~. ;he appo:~tment of a Receiver, svch Cou~~ sfia~i
rhwrth appo~ro a~eceiver of aa~d mortgey d property ai! and sinyv:a•. . clud ~~g a~~d i~~~;.,~ar it:z Irco=ne, profrts, iswes and ~e~enues f~om whate~er
s` •ce drr~ved. each and every of whch, it tx~ng exc:rs:'y ~nd~~~s~~od. ~s ter-.c; murig3~eti as ~f spec.lica;ly set fo~th and descnbed in the grant~ng a~~d
r,:>endum c'a~ses hereof, ar.d such Recr~~rr shai~ have ail the b•::.~d a• d r~'ea•~e tu•ur c:,s ~~.d Fev.ers in a~yw~se entrusted by a Cou~t to a Ret~iver, a~,d
s_ ch ~ppointmCnt sheu be made by svch Cou~r as an ad o~+r~~d eq~rty and a r~ atser uf a~.so:urr r,gM to said MORiGAGEE, a~d vv~:hc~~ refere.~ce to the
e.ic~u;cy or inadrq~ary of the vaE~e o3 the property r,o~rg~ged o~ to sh~ sc.e:uY o~ ~+~:o:.•:~cy of sa~d MORiGAGOR or thr deie~~dants, and that s~ch
~~~s, profrts, inco.re, issues and rever.ues shail oe app~~ed by iuih Rec~~Ver ac.ofd•~~g ~o tne lien or equit~ of sa~d MORTGAGEE and the practice of svch
Cuurt.
8. io du'y, prompt!y and (ul~y per'.orm, d~s;harge, exe;~.;re, ef~ect, co~*pirre, co:nE'~ w~th and a6ide by each and every the stipuiations, agreemeMS,
;o:~ddions and covenants ~n sa~d prom~ssory nore a~~d tn s<<~.rt~a~e i~ ~!orth
9. That in the evenr she ownenh~p of the mortgag•.d Fre~+~~srs, c. a~y p~~? thcrecf, 6ecomes vested in a person o~her than the MORTGAGOR, the
~RTGAGEE, i~s successors and ass~gr,s, n,ay, wi-h~u~ ro*:ce to ~~e ';.JF.TG:•~~:, d~-a. A~ch such wccesso. or successo~ in rnterest w~th reference to this
~;•rgage and fhe debt he~eby secured in the same ma~:n~r as w~~h !~.~r~ago~ v.~!^o~•e in any way vir:ating er d~sd~aig~ng the ~dorrgagors' Gaollity herr
;^der or upon :he drbt hereb~ s~~cur~•d. No sa e of the F~e n.s~s h,:eG~ ma~tgayed nrd no forbeara~ce on the parf of the 1~ORTGAGEE or its succeisors
' ass~g~s and no eatens~on of :he r~:n~ fo~ the payment o't the drb! ne•~i y sic~red given by the 1110RTGAGEE o~ rts successors or ass:gns, a:~all ope~ate
~o re!ease, d:scharge, modify change or affect the o+~g:nat ::_~:,ry oi !he t.:JRivAGOR here.n, either ~n whole or in part.
i 10. It is sperfica~iy aoreed thn! time is of the esse~xe of th~s co•:tracT a•~d that r.o waiver of any o61:gat~on hereunder or of the obligatiort sr
;~.;red hereby shal~ at any time thereafier be h_•:d to be a vvs~.er cf the tern,s hrrecf or of the ii~srrument se:u.ed herby.
11. In aod t;o1 fo the Torege ~ron!h'y p.~y.•. •n+s ot Evi ; s; ar.d r+;•~ zr ~erlu~red br the prom sicr{ ne't- s:cur<d her~•br, mortqa~or tovenants
3 d agrees to ~wy to mortgayee v.~th each ~non~n y Ha~~ ~enf an cUJ'~J~'~31 s~:n ~s' ~ a±ed b~ mortyagee to be eaual to 1 12 ei ti~e annuai cost of the fo~iow-
t
A-Ali real property ta~as Iev~_d er assess_i eya~•:st :nc aho:e drsc~~'.~_d :_a! esra!e.
~ B-Pra•r.;~:rs on f~re ar.d v:~ndsro• „~^su~~~ce as n~=:c~n r~q, r,d to be ca~n• d c•~ ihe :~^::rovemen's s~tuate on the above dcsc~~bed premises.
~ C-Vrerniv~~ s on such mort~,ge yoa•ar.ty ~rsv•a• ce as ~no•fg3:~ee s~~a~: *rc~* r--'e 10 :~,~+e da•ern f~t to carry on the Soan secu:ed hereby.
e Mortgaoee stia'! frcm t~ne to t•,e ro?~f,r r.~.c:T~,,~cr .n wr,t:r;g of the a~-o.;nt d~e and payable hereundar and s~ch su~~ shail tF~ereupon be due and
$ :~.eb!e on thc d~e date cf the r.ext r.:onth.~ pay•r~,-,t a•~d e,,c1~ success~~e ro~~}h thereaft,r uctil mcrtg3gee sha?! noLfy mortgagor of a change in such
~ - ~unt. Such su~r.s sha:~ be a::p ~ed by mo~:gagee tohard fne f,aYment of rea' p~operty taaes, inwrancr prem,ums, a:~d mortg3ye guaraniy insurance
g , e-nwms.
~ IN Y1ITNESS ::NEREOf, the sa:d A10RTGAG02 has herevntc set h~s h3nd and s~al the day d year first afo~esaid.
~ lgned, Sea~ed and de!~e{ed in the prestnce of: flt~~ pN~' RECi~RQEa ~
; ~ ST lliC~r COUNTY ElA. ~ __S_~~~'~ ~.~-c-L-~--~'~,.~4t•.E)
~ ~ J ROCES POITRAS
, row E. Bur er ~ c~,,~
, ttERK RRf ~ C4~T -
~ - -i~~~ RECORD _ (Seaq
~ ~ ~ ~1 . B11T' 2' (Sealj
Y, - ' - - QEC ~ 34
~
z S~r,TE OF FLORIDA ~ ~~C11JV~~
u.
~ JUtJTY OF - _ 1
~ Befor~ me perwnatly a~,P~ared -11~Q~T0~ E. ~l1r~r and
_ _ Rubp M. Dl1I'~'@T _ h~s wife, to me well known and known t0 me t0 be
- ti~e ind~viduafs described in and who exewted the foregoing instr~mem, and acknowledged before me that they executed the sartx (a1,~ purposes
~ rherein expressed. And the said-_---_---~b~-M. ~l1~er •,.`~i~ f' :
~ lrToodrox E. Burger ~ ' f'
r~Ife of tha sa~d - - ~P~+-+?+1ejf~a~s ind PMhfO
e.am~nat~on by me taken separate ard apart from her sa~d husband, ack~oNledged to and beiore me thal she exetuted said insfrvmlRit:ft~ J~p~l~1'
_ `
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~ tar~ly and withovt any compuision, constra~nt, apprehenson, or fear of or fr~m her said husband. ~
t+, D6Ce1~bel' ~ .
WITNESS my hand and oFfic~ai seal th~s_ _ dey of___~__ ' D~ 1Q~_.y~
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= ' - -~--~~-1-~V-~'''-~--~'--~---'-=--`"~.1'+~~r- . , ~e
; 'Notary Pubiic in and tor tAe State of Ff6ada at tar~e - j ;
Return i h1y Comm~ssion expires:~~''G ~ ~a~.' ?
_ ~ .
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Fint Federal Savings 6 Lo3n Associar:on -J ~f~;!~^~,
.::j Of Fort P.:c., ~
= Fort P:.•r:e F!ur d~ . ,r. ~j
- ;L~~sr~S'.
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r=;; This InstrumeM Prepared By JOhT1 Yl. Collifls •
First Federal Savings 8 Loan Associat~on
of Fort Pierce ~ F1oPida • O R~/ ~Q~ 'Q'"~Q
~ya^ v PACE~.?~i ~ v
- Checked BY
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