HomeMy WebLinkAbout0764 3. To pi~ce and co~~nnuo~s~y ~e_p on tne b~.• :1•~•3s ::o.v vr h~~r~,'~rr s't, ate on se~d land and on all i~~uiFr^.rnt and persona~ly cuvered by this mor
ege, w th all p~en~i~~ns thereon F:a d in f~:t, f:re i~s.;r,,:;c_• ~n ~i>> :,s.,a1 u.~~ .i~rc! Fo ~W forrn, in a s.~~n a;.y~o.ad b~ th~ h1'vk~u.=.GEf. acd w~n~ito
~nsurance in ~he us~al sfanda~d po: cy io*m, in a w~r ~o.rd Ly ~he A1.-~RTG~GEE, in such cor.ipany o~ co ~~;,an!es as ~~~e I:VORIGAGEE m
dnett; a~f~ all iire ~nd w~ncisr;,rm ir.wran~.~ po!~c~es on any o) s~:d bu:~d.nys, any interest thariin or pa•t th_raof, in the aggregaTe t~m e~Cresd~d
in excess thareof, shall cont,in ~hr uwc~ sra-d,rd rnortgigre c~a~v: o~ auch o~her cl,,;se as ~ha Mo~tyagee may req~.re, maMing fha ~oss undrr se~d po
c~rs, each and every, payab'e to sald tAORTGAGEE as ~ts ~n~~~res~ n,3y ar,,c•ar, and each and e.•ery wch p~ .cy shall ce p~omprly asi gnrd a~~d dr.~vered i
any held by sa~d l:,ORTGAGiE as i~nher a_cu~~ty ~o sa~d n,ortge~e d~-nt, r..~, r.ot !rss than ten ~IOi d~rs in ad.ance ef Thc exp~ra+~on oi each pot~cy, to d~
.r.er to 1a.d S'.ORTGAvEE a ter,e,n~! the,-eoi, toge!har w~th a r!•ce-.,4 tor ihe prr~n,urn ol such rene~n~: ~:~d ~hrr~ s~~a•~ be no f~re w~v~nastcrm ins~ronc
p~aCet~ On any of sa:d bu~!dir.gs, any inte~cst there~n o~ p3rt t}:rr~-of, ~::~oss ~n the lorm a+:d w~th the ~ess pa~ai:'~.e as .iiurefa~d; arc~ in the e<enf any sun
of money becomes payable undrr acch pot~cy or poi.cfes s.~~d ".1vRiG:~G:E s~:.lt h~ve rhe opc,on io rro:~.e =:~d ap;:'y san~e on ac:ount of the indrbird
ness secu~ed her~by or to penn~r s3:J MORTGAGO~S to recrwa 3•~d use it ur an~ p~~t in• rcaf i~• c~~~• r~.~~•: ~s<s ...~r.~:t rh:•, u, .r..~.. u~~+:p~•~'
~n9 a~y equ~ty, I~en Or ~~ght under or by vlrf~e of this murtgaye; and ~n thc evrnt sa d~~tORTGAGORS sha!I ;or any rrason fail to k~ep the sa~d prem~s:s so
i~t3urCfl, M fail ro dr,~~er pra~~pily any ol s~~d pef,c:_s of ~nsur3~~ce to sa:d P.1vRIGA'v'[E, or r,,~! p:o:~~H;iy to pay fu:'ry any pre~~~~.,:n thri~4or or in a~~y
r.at+wrt iaJ ~a r+wifn~m- decV,arne. e¦ec.,te. effecL ca.nu~ete, co r,ulv w~ih and a5~d~ by th:t curiner.t, or any p.~rt F~:reof, S•+~d MliR7;:AGEE may p~acr ~~d
pay for suth inwrence ot any part thareof w~thout vraiving or aiitcring any oy~~on: liert, eq~:fy, or r.ghl unde~ or b~ v~rtue ot tn~s A4or!gage, anc7 ii~c
f~ll amo.,nt of each and e.ery wch paymeN sna11 be ~~nmed~etely d.:e a<<d payable and shail b.rar inter~sr from tha d~~r thereof un+~l p„~d et the rate oi
mne prr centum per annu;n e~id to~_•tn~•~ w~fh wcn ~nrer~s* si,,., s~:~•_d Ly the l:en of th~s mo~rgage.
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5. io pay a1i and a~ngu,ar t~r eosts. cnarges or.a ex,,ens~s. ._c:~ce•~~ a ~:-:ne~~>u~r O}Il~•e.•y'~ a:.i af .tstrr.:s ^f •E•~° i^:urrcd e• ~a~d a+
any time by sa~d MORiGAC"E, because w in the even~ of t~e fs.iure cn tnr wrt of ihe said h10RTGAGOR ro duly. prompt{y a~~d fu!ly p~rform, d~scharga
>>ewTe, efiect, complefe, comply w~ih a.•d ab.dr by e~ch and r-ery thc st~p~~a: ons, agr.-cr::rnts, cor:d~nons. a~:d cove~~anrs of sa~d pron~~ssor~ ~ote and ~h~s
,,o~tgage any or e~ther, and sa.d cos~s, charges and e,eprnses, each a~,d e.rry, sna~l be ~mm..•d~ately dve and payab:e: ~nh~~ther or not ~hare be nonce dz
mand, atrzmpt fo co:teu o~ suit prnd~ng; and ihe ful! am;;v~~~ oi each d: d evrry s~ch pa~n,rni sh~li 6~•a• ~~~teres~ from the dare th~~eot un~il pa~d at the
!e o' r~;ne pe~ t<•n:u:n yer an~~c ~i; r:~d al~ s~~d ccsts, ci,a:~<s e~•d u.~~.~~ s~~KU:rcd or p..~d, toycthar w~th suth ~nterrst, shall be secured by the I~en of th~s
mot fgage.
b. Tha? (a) in the evem of any brrach of thls Vlortgoge or ci~tau:r on ~h, part of the V.ORTG~GOR, or ;b) in the evrnt any of sa d sums of money
hz~ein refened to be not pro~npriy and fuliy pa~d v:~rh:, m.-ty ,,3J d.,r: ,.~x~ a•r•:r r,~c sa ~:r ae:e~,':~ teco^}r d~e a~~d payab!e, w~+l:o~+ de~~~a~,d o~ notice,
er ;c) in ~hr evero each and eve.y the st~pu:at~ons, agrcrmenrs. co:d.:io~s ar,d covenants of sa.d pro•n:sscry note and th:s morlgagt any or ei~her me not
~u;y, prom.ptiy and lutty perforrned, d scharg_d, executed, eifei~ed comF:etrd, co~e~~:i~ed v,~ih and ac ded Sy, then in e.~her or any such event the sa~d ag
~~egaw sum mentioned in said promissory note tnen rc~na~n~~,9 ~r.;,a:d, wim ~n!~rr~ ac:r~ed, and a•i ~no:~~ys aecured hereby, st~all brcome due and pay-
a:, e forthwith, or thereairer, at the opnon ot sy~d h1iJ~lGAIi;E as f~;~y arwi co^~~,:e:c•.y os il a~~ of ti,~• s~id sums of money vicere o~~g~nat~y st,p~~ated
ro be pa:d o~ svch dcy, anyth,ng sa d prC:r.~iSCry notc cr ~r. ~r:~s ~',ort~ear ro in~ co~~~rary nol.v~th5ldn~:ng; anri ~herevpon or thrreafrer at the op~~on of
s, d N,ORTGAGEE, w~thcvt noT~ce or drmaod, su~t at laa ur ir, eq~~+y, th~refore or the~ratter beg~n, may t~e prose:uted aa if all moneys sewred hereby
r.,d ma:ured pnot fo ~ri ~r.str.utiOn.
7. Thar in the event ihat at fhe beginn;~:g of or at any i~~~~e pend:~•y a~y su~t vpon f~~~s Mo~tgage. or to forec:ose it, or to reform it, or to enforce
~ayment of any c~alms hereundnr, sa~d !'L'JRTG:,G~E i~a.: app~ f to th~• Ce,;n h.,vu~y ;vrnd ct.on thr~eo! fer the apre.nuneM of a Rece~~er, such Cour~ shail
i;,~!hw~rh appo~n~ a rece~~.~e~ of said rrorrgag~d property e:I a:;d s~~~y~~ar. i:.d ~~g a.~ a~ d s~~:g~•ar v,e ir~cerne, p~ofns. ~ssues ar.d revenves f~om whitever
s,~rce den.ed, each and eYC.y of whch, n be•ng exp~~ss•y ~~~d~~sr„~,s n'c~•.b; ~~.c~~a.j;:~•d as spec,f~ca:ly set for~h and desu~trzd ~n ihe granting and
ia'.~endu~ da~ses hercof, and such Rec~e.er sha:t havr ali tne cr;:oci a~ d rf+.c~:.e fc~-e c:,s er~d pa.ve:s in anyw~se eMrusted by a e:ou~t to a Rete~~er, a:~d
s ch appo[ntme~v shell be n:ade by s~ch Court as an ad •:,tr~ti rq~!t { and a~~ o~~~~r of abso:~tr ~,ght to sa~d htORTGAGEE, and v.:shout reference to the
eci~,y,;aty o~ ~nadeq~acy of the vaiue of the propr~ry mort~_geti or to ~!~e a_+~~~~~c~ er :nso.~~ncy of sa~d MCRiGAGOR or the defendants, a~~d th;t sLCh
e•~rs, prof~ts, inco.ne, issues and ce~er~es sha~~ be ap;.,~ed by su:h ~2ect~.~r oc,orci~~~g to the 1~en or rqu~ty of sa~d MORiGAGEE and the pract~ce of such
Court.
8. To duty, promp~2y and f~ily pe~!orm, d~s:harge, ex~::rc, eff~cf, c~~+-•{::~~e, co~~.,'~ v,r~th and ab~de by each and every the st~puiations, agreements,
.,,nditions and covenants m sa~d pro:nissoay ro'e and tl~s ~..:rtg~je s~r ior.n
9_ That in the evc^t the ow~ersh~p of tne ":ortaag~•d pre•• .ses. u+ a~~y t~rr iRCreof, tccomes vested in a pe~son other than the MORTGAGOR, the
V~RTGAGEE, its svccesscrs end assgns, n•~ay, wi.hovt ~,oc:ce ~o tn_~ :'.OR'G~JR, dz~o~ v:r.h such s~ccessor or successor in ~~terest w~Th relerence to this
~ o~~gage a~•d she d_bt hereby secured ~n tne same mancr+ as w:rh :'r_rr3.,goe ~r,t!•out in any way vit.as~ng or dacharg~ng the l~lortg,~gori liability here-
~drr or ~non +hp d~bt herei„ srcu~~~d. No sa.e ef the ~r~•~r. ses h_:<i., ~:~o~tq,:qrd a~ d no fc~bearancc on the part of the A10RiGAGEE or its wccessors
cr assi3ns and no eaTe~•von of the r~roe fer riie Fayn,~•nt ot rt:r ci~~i;~ i~• > s~c.,r~•d g~ven by the N.,vRTGAGEE o~ ~ts successors or ass:gns, a~~all operate
ro re~ease, d~scharge, mud~ty char.gz er afirct the o•+~~~~ai I~ao.:.~~ of inr t:,CC~GAGOR i,ere~n, e~ther in whoie or in part.
10. It is spec:f~:a~ty eorerd rF.3e r;me is o! the E'Sic'~:CC ef tF.~s u•~~t~aU a•~d that no wai~er oi a~y ob:~gat~on hereuoder or of the obfigation se-
E cvred hereby sha!~ ai anr ria,e rn;r~eatrer ir_~ h::ld to be a v.~~.c•r of !he tr~n;a he~~•;f or of the u~s~ruT:ent sec~red he~by.
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i 11. fn ,;ida:c-~ ~u t~e fcr~go F. Y•r.n+s of ar,d r<s• ~r~~;,•.d by rt~e ~:~UmSiGty r.ae s_cured hercb/, mo:tya~~r covenants
E ~~~d agrces to pay ~o r:orr~agee v.~th ea_h r~n+h y paJ~ rnt an ~,i..~...:n~l 5:, cs' •~~cd O~ ~no~~yigee to tW equa~ to 1 12 oi the an~wal cost of ihe follow-
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A-AH rea! propertf tsa_s !e:~,c'. or ass.ss-_~i ag+l s' t~~.. ~io.r deSS'~', fi . 3I esr.,'e-
€ B Prrn ~u•ns on trr a~d r.,~~dsro ~nsur~~ ce as n•~re~n ~.•G.~:red to L~~ cr.r~~• d c~~ !he ,:rovrTe~ts s~tu~te on the above d=suibed premises.
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¢ C-Pr~:r:~un s on ecch r:orr3,qe g~a~s<,!y ~rs~~a: c<~ ~s e sh,, f+r;, e ro drem frt to earry on rhe loan secured hereDy.
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; Mortgagee s`~a!! fro:r, nme to ti;~'e not~fq mong„g.• ~n nr:t,r.g of the a~: o; ~t ci,~ ar.d payabte hereunder and s~ch su~n sfi~It thereupon be due and
;,yab!e on the d..e ci.,~e of the nerr r,:e~ti: ~ pay~ner:t a• d..::~~ s~ccess,.e o•~th tF,ereaft:• ~~:ti: mo~tgagee sha!I not:fy mortgayor of a change in such
~ , o~nt. Su.h sums sFaJ be a;:p:~~•d t;y m::rtg~yce ~or.a~d tr.e p.a~~*enr of rr•! prc~,cyiy taxes, insurance prrm.u:rs, a~d mo~ty~ge guaranty insurance
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~ IN 4VITNE55 '.:HEREOF, the sa~d N10RTGAGOR 6as her~~u-~ro set hls h.,:.d and ~at the day a year iirst`a(oresaid.
~ Sign Sea!ed a~d detivered in the Fresence of: F`~ppDEO
EO AM ~ C
xi _ S1~LU~t~.,,~JMRAS`~ ~ inna G Mc ntos , a s g~a~~dult
r ~ _ pOG` - • FiT _ ~ea~
~ CIE~K ti,:.' <<~ COU ' - (Seaq
~ Rf C~H'^ 1 OS 1 1,'~ 1 (Seaq
STATE O~ FlORIOA ~~J ~ ~
~ St. Lucie ~ jZ,Nt~982
COUNTY Of - - - -
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~ Befwe me personaUy appeared __~lillld McIntosh~ a S~Il(]Z@ aC~Ult _ a~C
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- -~pWWQt to me we{I known and knowrt to mr to be
th~ indrv~dual~ described in and who exec~ted the foregoing instrument, and ackrowledged before me that ~ eaecuted the same tw the purposes
tnerein expressed. 7p~OmmC--___~-- ihe
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= WITNESS my hand and offkial seal th~s_ ___1~___ _ diy of - A. D. 19~1
-1 Notary Public in and for th Sta of Fbrid~ ~ 1,~?y~
My Comm~ss~on exp+res: ~
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Return To: ~ I~~}
" first Federal Sav~ngs b Loan Aswc~at,on '~V~. ie
~ O~ f ort P . c • ~ . `i,
Fo+t f~~~rrce. F!. ~ ^ • .
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` Th+s Insirument Prepared By RiChatd K. Kayes -
- First Federal Sav~ngs & Loan Association
of Fort P~erc~ Florida ~.~~~~`~~f~~`~ .
~ o R ~9~ sACt
7~3
Checked BY - ~80M
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