HomeMy WebLinkAbout0766 TO plaC! aot~ COntinu0u51~~ le¢p On ~he b~~i~.~~:i`9S r'c.v or F.rrc-.~'.ter ~~IVOfe en e.,~d I,tnd ~n(~ on ali rq.,~~:~nrnt a~~d personally cov~rrd by this m0+
eqe, w!~h all prem~~:ns tF.ereon ~:a d~n fuJ, f~re ~~,sure n ih„ s.,~.d~~d po~~cy to,m, ~n a s..~n a~.p+o~ed br ~hc MJR,~•:.viE. anJ i+~~~Jsto
^surance in the us.,ai S'3!.(~3~d ~O~ C~l fo~rn. ~n e w:n aF; ~o.rd i~; th~~ 1!i~RTGAG:E, in ivch co~~•pany er te~npa~!es as the A',0~1'vAGEE m
d ret1; and all lire ar.d v~~nds'crm inii~'ante F:ol~i~es on a~~Y of s•~,J tw~•d nys, any intc~rsl lheriin o~ part thrrcof, ~n the agq~ _yata sum ato~es~~d
in excess the~eof, ahafl comain thc us~nl s!a•~de~J enor+g+gee c.~us< or s~:h o~her c~~~~se as the ti~o~t9~gee may reyu re, n~al.ing tr~~ ~eis u~:d.r s.+~d po
:.es. each aRd every, pay.»!e to sa~d 1~JRTGAC>EE as ~~s u~t~r~st ~ray eF~~+rar, a~~d each and every wcfi po:.c~ s~~a~l b? ~~~~mNtiy a?sg~~~d a~~d de~~~e~rd ~
ar,y hrid by sa~d ,ti!ORiG.4G~E as iunher s_wnry to sa~d ~•.o;~ya3r .f•:u~. .+:'.i, i~or iess than ten {101 d~rs :~d~a~:ce of ~F.r e.pr.ar,on ot r,ch poi~tY. to d~
;,~er to sa~d A10R1G:1~,;E a renewal the~eof. toge~her ~n~th a r~~:~~~,:t tor th_ prr:~,i~m uf such ~ene.~a!: a:,d ~h~re shall le ~,o i,re or .~l~~,isw~~n insuranc
p~~ced o~ any of sad b~i!d~•~gs. any ~nlrrcit there~n or ~:rit thc:~~.~ ~~~c5s ~n ~he fcrm and ~+nh ti,e ~oss {>jyio:e ai af~res..~d: and in ttre e.cnl any Sun ;
ei money becomes payabie under s~ch pol~cy or po~:c~es sa~d •~'~~~RfG~:~•i1 s~ .~l ha.•e ~ha opt~on to raor~ve .,~~d ap~'y f:.e sa~:~e on a:_ou.» ol the ~nJrLtrd ~
n~~ss secured hereby M to permA sa~d /dORTGAGORS lo rece~ve a!:d ~se it or amJ ~•..•1 ~I~e cof tor o'~'~•'~ S u•: .;e+ 5. .''h .~..i.; . r n..p.,~r
~ng any eqv~ty. {:en or nyht ~nder or by virtue of this n:c:r~~ge; a+~d m the rvrnl sad A1pRT(~AGORS sh.~'I ;or any rroso•i !a~l to kte~~ Ihe se~d premiscs so
~.nS~~eCI. Or fail t0 defi~er promptly any of Sdid ~O~•UFS JI r~s~'a~~CC to f+~d ASJRTvAI';EE, or 1~~: p:omptiy to F.~ay fu-~y an~ {rc'::~~•» iixvrfot or in d'~y
.e:pect fa~l ro per[orm, d,scharge, exrc~te, efiect, con~p:ete, co:~~~iy w~ih and a~~de by th~s covr~a-~t. er any p.~~t h_rrof, s.~~d td~,Rl;,>G~E rr~ay ~~~acr a~o
. .ti:. iu...~.~....> ....1 ~6~
Fa~ iw suci~ ir~SUr.,n~r u~ ai~y ~~n~i tiivicv~ V.,~~,..... wo..~..y ~:....~.,.y ..f.:..,.:, ~y...'..
t,.J amount of each and eyery s~ch paymam Sha:l be ~n:~nediatriy d.~e a:~d pa~a~e a:;d.shai~ bear int~rrst frorn tha dete thirrof ~ntil N.,~d dt the ~ate o~
e per cemum pe~ ann~~n .,nd to3~i~„•r ~.~~h s::ch inf~•:~st sh,~ s~...~~.± by the ~~en of th~s mortgaya.
1. To permit, commit or suffer no waste, impd~rmenT Oi d~-f~•:~or~r,on o+ sa~d prcpe~ty or any part theieof.
t_ ~p ~~y .li ~,..1 .,......ta. ~1... rns~s, r?,a.nPa anrl r.nPr.a.~e ~n~~~~d~~~g a reasor.ab!e attornev's (ee and cos~s of a~stracts o~ tit!e, incwrzd or pa~d at
1~y tirre by sa~d M110RIGAG`E, because or ~n the eve:~t oi the i~ :~re o~ ~h_~ pan of tt:e sa~3 MJRTGAGJR to ciu~y. p:a~,~Nf+y ano fu~+y pe~iorm, p~scharga.
~~ccu~e, elfect, cemplefe, ca~np!y wnh and ab de by each a,~d e.ery rhe st~,:..'a~ ons, agrec^~e~~ts, cond~twns, and co.e:~a~~+s of s~~d F:~o:»~ssory no~e end tt,~s
~rrgage any or enher, and :ad cesh, charges and exFar.ses. ra~h a~,u c~<<~, sha~i be ~~nmcd~at~•y due and payab:e; wherhe~ or not th~~re tx ~or;ce d>
:~d, attempt to co:lect or wit prnd,~~g; and fhe f~i: a:,,our,~ or c~.~ch a~d e.ery svch paymenr aha? bea~ ;ntrresr trom the date the~eof until paid at the
o' iune uer cer:;v~~ pcr a~~ ~r ~:~e: a~t sa~d cos~s, ci,a:~es a•~:i n~ s.rxurr~d or paid, toyrther ~v~th suth ~n.errst. Shall be secured by ~he I~en of th~f
mortgagl.
6. That (a) in the event of any breach of this Matgaye cr dc~au't on the part of the ti1pRTGAGOR, or ;b) in the event any of sa.d sums of money
t•.•rein referred t0 be not pro~»~~t~y a~d fu:ly paid ~~ithi~~ Ih.rty •.3J' .i.+.s nr~' a"~~~ the sa~ne se.cr.'fy Cecome due and pa~able, w+thout de+ner.d o~ notKe,
.~.c) in thr event each and every the st~pu!ahons, agreements, cc~:J,:~o ~s and co.ena~ets of sa d promissory R012 and th.s mo~tgage any or eithe~ e~e nol
:.~:y, promptiy and 1~i~v performed, d scharged, erecutcd, efiecred cumpiered to~»p~:ed .+~~h and aL•~Jed 5y, then in e;ther w any such evenf the sa:d ag
~ ga!e sum menhoned in s~ld pron:+ssory nete then re~r:a:n~ng ~np~:d, with ~ne~~~rst a:u~rd, a:id a:l moneyS securcd herehy, shall bew~ne d~e and pay-
forth.v~th, or thereaft~-~, at the ec•~on ot sa+d A1pRiGAG~E as 1u,~y a~~ CJ~~p~rlCiy as if a~l of rt~e s:.:d sums of money we+e o~~ginaily srpv;ated
~!>e pa.d on such dcy, an~th;r,g m sa d prem sso~y nete or i:~ n.~s ~tilortga3r ro ~i:e co:~trary not.~;:thsfa~,d~:~g; ar.d therevpon o~ thereefter al the opt~o~ of
s v y MORTGAGEE, v~rthou! not~te or demand, sv~t at ~a~n er ~n rq~~ty, ti~rrefo~e or iher~~aiter b~y~~n, n~ay be prosec~tcd as if a!1 moneya sec~red hereby
~ .i m~.t~~r>d ~~~Qi ~O ~ti lnit•tVLOn _
7_ That in the event rhat at tne bey:~n~~~g ef or at any t~,~~e {:e:~d,no a~y s~:t uFon this M•o~tga~e, or to foreclose it, or to re(orm it, or to enforce
,~.ment of any cla~ms he•eu~*der, sa~d ~JORTG:aGEE s`~a ;_~~~>~y ro rh~ Couct ha~:"g ;u•~sd.c+,on thcr~ot for the appo~ntment of a Reczn•er, such Court shall
_•h.~,•rth appoint a~ecee~er o! sa~d mo;tgag~d prepert~ ail a~io ;ing,~ ar i:~~'.:,:i ~•g a,~ a~~d v~~~~ a* the ince~ne, prol~ts, issues ard rever.ues from wh~tever
_•ce der~ved. e~:h and every oi wh.ch, rt~~~,g cxNress'~ ~~~.~.c~s•....i +a tr~_:>y m.~~g;qed as ~f spec~!~ca~Iy set forth and deacr~txd m rhe g~an+~n~ and
endum c'a~ses hereo!, ard such Rece~.er sha~i have ti;,~ br„aa a d rt:,cr~.~~ f~~,c~ w:s and e~•~ers i~ anytiv~se entrusted by a Cou~t to a Recei~er, a~~d
s~h ~ppo;ntmrnt shal~ be made 5y wch Ccurt as an ada~~r+~d equ~ty a~:d ~~.a+t,r ci aLse:u+e nght fo sa~d MORTGAGEE, and without refcrence to the ~
r.ieqaacy or inaaequac~ o~ the vaiue of the property rno=Tgageo or to :ii~• s~.e~~c; e~ ~nsv.ency ol sa:d MQRiGAI,CR or the de+andants, and thal such
-•s. profits. ~ncome, iswes and reYer.ues sha~l be app,~ed b~ w.h Rcc~~Jrr a::orti.~~g to the l~en or eq~ny of sa~d MORTGAGEE and the pracnce of such
Covrt_
i
8. To d~'y, p~o~^pt'y and f~i~y perf~rm. dlscharge. exec.,+e, efrect. co:°p.ree, con,ply w~rh and abide by each and every the stipuiations, agreemeNs,
.~~dit;ons and covenants n sa~d prom~sso~y ne!e .~;,d ~r::s ~:r3ac7e s~•t !~-t!~
9. That in the eve~t fhe owne~sh!p o4 !he mort^y.~geCi FIf~~'SPS O" .i ~a~t tn~ceof, Lecomes vested in a person other than the MORTGAGOR, the
.~RTGAGfE, its successors a.^.d as~.g~~, may, ..:;ho~~ ronce 10 ~^e JFiG%•Jk. d<~a: w~th su:h s~tcessor or successor ~n inter-rst w~th refere~ce to this
°~•~gage a~d ~he d_bt hereby secured m the same n:ann~r as w~'h .'.._:r3ago~ a~hout in a~y ~vay vitla~ing or d~scharging the hlortgagors' tiabiiity here-
_ ~er or upor. the debr here~y sec~r~~. No sa:e of t!,e F•e~~ s~s h;~,b: ~r,c~tgay~-d a:•d ~tio io~bearance on the part of the l1VORiGAGEE or its successors
. . . . . . . . . . ~
~ ~ o~aiy:ra Oi~U •iv tw~e~•1~~~. ii~r .i<<c - . ~i~c F,ey:rc ~ ~ ~ ~ __~y y. ....~w.~..a'.~ u. ' a...:"~i...~ .:~~.y.:i. a......
re~ease, d.scharge, mod~fyucha~ge or affQCt the o~~g~n3l ;ia~.I.ty ot ~ne h'Uf.TGAGOR~here~n, either in whole or in parti
10. It is specf~cal~y ao•eed :hat nme ~s ef the esse~~ce cf tF.~s co-~t~act and that no waiver oi any obl;gat~on hereunder or ot the obligation s~
:~•ed here6y sha!~ ai any time tnereat~er be hr.d to be a.c~..rr of ih~ re:n,s her~of or of the insrrurnent secured he~by. ~
11. In add r:e~ !o tF,e fo~egc ...o.~•h;y paym_-n!s es E.., .c and cr rea~ :ed by the prorn SiC~r ~~o'r s~c~•ed her~~b~, n~ortga~ar eove~~ants t
~ ~ d agr~es to pay to m.ortgag~e .+~ch each momh y p,,r •ent an ~a.i ~nai w^~ is? - ared by mortgagee to be equal to 1 12 oi the an:wal cost of !he fpllow-
i ~j
i ' :
~ A-A!7 reai p.ape•ty taxas 'c or assess.:i .:y,: s• d: ~~e d~~.-,:.d •_ai este!e ~ 4.
t ~ i ' ~"t
; B Pr,r.~ ~s o~ f~r~ and w,,,dsro ~ns~-a•-ce as i,e~_' ~~.q.: ~_a To b-• cs•-:<d e~~ the .~,.rove~nents s.t~ate on the above drsc~~bed ~f!~ •
i ~ " ~
. C-Pre~nw^s o•i zuch mor;g-oe g~a.a+;ty lns~-a~.~ as ~nc•t;a.~:~ee s~a:! trc^ ~~-•.e ro ti~n~• deem fit to ca+ry on the loan sec~YeA., '
s ~ .
~ Mortgagee s~a ~'rar, t, »e to t,.^~e ner+fy mort~.,g~r :n wnc~r.g of the a••-o::~t d~e and payabte hereund.rr and such surn sh~ll t?j~tin~be'due-an~.
.
t ..ab!e on the ti~e d~~e e~ ih> •~~t r-.o~?h ; pay •-_•~~r a,~d e.ch c~;cess~re ^ onrh Tne:eait_r uct~i mcrtgagee sha!I not;fy mo*tga~oa~0~' a chnnge iF? suCh'~
-~,,nr. Scch w~~~s s~a.i ce a,:c:'_~d ny morrgaa-a ±o::a-d ~he pa,;rent o4 reai propert~ taaes, insvra,ue p~e:n.ums, and mort~f~~guarenty ~ipsur~n~ .
C . "t~^'iJTS. - .
i iN \'J:TNfSS :.'HEREQf, the sa~d MORTGAGOR has hereu~~to set h~s ha~.d and~seal th ay toLesai , r., _
^ S~gned, Sea~ed de!ivered in the presence of: ~y_• :,t:'~RQE~ 1 ~ ~•''~4t- r;
y FIIED i ^
i
ST. LUC~: ::i~N ~ lr FLA_ By --z~- : a~y
- F.G.. o n . ess, Yd~ !nt-~''
- ClE?~, ~ ~ ~~+lRT,~~ (Seal)
r;.p y • _ J _(Seal)
(Seaq
~ - - (kG ~J ~3o t ~~r'i ' { { -
~ ~~~ss3
~ _
~T%+TE OF FLORIDA ~ COUNTY OF ST. LUCIE
~
~ 1 HEREBY CERTIFY, That on th~s _ day of__ _____~c~be= , A.D. 19 ~7~ ~
~ - - .
~ ,~~fore --~e personaily appeared _ John P. Hess_ _ _ ~ +
s{
YaePQe~~+'eiy-- . - President er~ - , of
` _ _~F~*I?ISS INC. Rlorida
`--z ~ - - - , ~ - - Corporation, to me
; known to be the persons described in and who ezecuted the foregoing instrument, and severally acknowledged the exe-
~:.~!~on thereaf !o be their free act and deed as such officers for the uses and pursoses therein mentioned; and that they ~
- a~iixed thereto the ofiic;al seal of said corporati~n, and the said instrument is the act and deed of said corporation.
?:~a `."JITNEaS my hand and official seal at Fort Pierce , said county d state.
Yhis instrusent prepared by ~
Nfv. B. Braun 1~!otary Public, i nd for State and County aforesaid.
First Fedezal Savings and Loan
My Commission xpires: ~i~a~ G /y 73'
As3ociat ion Of Fort Pierce, Florida NOTARY PU43LIC'STATE ~F FLORIDA AT UlR(~
`Y' ' ' ?•1Y COtlAi1SS'ON EXP!RES AUG. 6, 19TS
_ ~ ~ _ GE~~ERAL INSURANCE UNDERWRIYERS, INC.
Checked BY . `
gooK 198 ~~cE 765
` 1~
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