HomeMy WebLinkAbout0768 3. To p'ace and tP~tir.~JUi y leep on ~he Lw o ~.os ~~...r or F,rre.,~rrr s~h,a~e en s.~~d land a~d on a~l rq.~~p+>>~nt ar•d per:onally co.e~rd by this mor
ege. w:~h all prem~u•„s thc-rron pa d~n f~:i, I~~r ;~,s.~a•:cr ,n ii~_ ~.•.,a1 s•~~~.~•d pc+';cy form. m a s.:m a~.ar~„~d b,r ~h_ MJR~v :'vEE. a~,d w~:,ds~o
nwrence in the usual St.tnd.~rd poi.cy ior~n, ~n a wm oF~ro.~~d ty ine AIJRTGAvEE, in svth co;r,panY ar ca^~ran:es as fhe M~RT'vAGEE m
d rep; a~d all f~~e ard N.nd:rc~m ins~•arce po:~c~es on any of ss~d b~hd.nys, any inrerest therein or pa~t thereof, ;n ihe agg«•ga~e w~~~ a+o~esa~d
in eacess t~ercwf, sh~fl :ont;in ihe usuai s!a•~d~rd mor~g~gee c.ausr or w:h o~her clause as tnr hlo~tgagee may requ.re, mal~~g thr iou ~~~de. sa~d po r
c:es, each and every, pa~st~'e to sa~d A10R'vAGEE as [rs ~+~~er~•st ~,.ay a+,pear, and each and every wch po~:cy shs!I tx pr~~-:~tiY ass gned and dr~~~•errd ~
eny held by sa~d h10RlGAGiE as iurthrr a,cur~ry to sa~c~ ~ J~1~~~e d.t,t. a:•.d, not less fhan ten l10) days in ad.ance ot it~a eaE:~rat~on oS rach po1~cY. ~o d~
~,.e~ to said \10RiGAGEE a rMev~~ei Ihereof, tC~ether with a ~ecc-~.t for tA_- premium oi S~th rene.+al; and there sha~l ~2 no f~re cr .,,~~idstym r~iwant
p!aced on any of sa~d b~i'd~ngs, a~y interest tnere;n or pe~~ Thr:~•cf, ~:,'~as in rhr ionn and Hiih the '~css payab:e ~s aioresa~d; and in thc e.ent any sun ~
of money becomes payable u~der s~ch policy or poLcies sa~d MORiG:.viE s'~.+ii have th~ op~:on to recr~va and app!y t;.e sa~:~e o~ ac.o~~~~ ol the i~~deor~d ;
neis secured hrreby o~ ro~erm:r se~d MORTvAGORS to rece~~e e~~d use it or any par~ tn~_:rof ior o:~.~. Hur:;;s~s, •h~•~•=~ ~~~~•~'J ~"'P~" ~
~ng any ~qu:ry, i:en or r~ght under or by virtue of th~: mcc~~age: acd m the erent sa d MORiGAGORS shaH fo+ any reason fe~t to kaep the sa~d p~e~n~aes so i
~r.sured, or fail to del~~er promptly any of sa~d po~:c:c~s of iru~~s•.ce to sa:d A~ORiGAGEE, or f„~' p:omp!ly to pay IuI1y any pre :~~.:~n thrrefur or in a•~y ;
resp~t fail to per'orm, d:scharge, execure, efSect, co~~~p'etr, co~~pty a~rh and ab~de by thls co~e~ret. or any part har~•of, S.•.d h~URi~:+GEE may piace a d ~
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pe: fW avch ins~rante or any part thereot w~~heut waiv~ng Or atie.+iny eny ~Niw~i, Lc~a ryv:~y, ..c +~y:~: ~"'y`:i'. " ;
f„ i amount of each and e~ery wth paymrm shaii be imrnedmtrty ~ue and parable and sha:l bear ~~terest from'tha: date thcreof until pa~d at the rate ot ~
~:e per ,ent~m per ann~•n and to~;tn~•r •..~~h sucn i~:!e:~s• sh~: s::..:r-~+ b~ thr a~en of th~s mortg3ge.
4. Tc ti.^:~, r. m:f pr a.~4f~r nn wrat~; imna~rmtnt of detrnCrdt~On Jf fd~G~ pfOplrty Of drly Pdf1 1~1CIC0{. ,
5. i~ pey at: i s:r.y,.,a: t`a :a;~n: ::arg.s ar~ c:;,: :scs, :._._~?:^g s_asexNe a~}o•~ey's fPP and costs oi abstracrs of t~Ne, inwrred or paid at
,~ti t~me by sa~d MORiGAG'_E, because er i~ the event ol the ta we •cn ~ne ;..Ijr~ ot the sa~d MORiGAGOR to du1y. pra»~tiy and f~~iy perform, d~s.~arge
_.~cute, efieU, compiete, conply wnh ar.d ab.dr by each and e.<~y ~he st~p., at.ons, agrec«~enti, COnd~t~ons, and covenaros o~ sa~d pro~»~ssory no~e ard ~ha
~rtga~e any or eaher, a:~d sa d costs, cha~ges and e~~:rr.ses, each and errry, sliai~ be immed~ately due and payeb'.e; whether or not thrre be no+~ce dr
s^d, aitempt to co,iect or s~it pend.ng; and the fu!: a^w~~~t ct ea:h j+:d e.ery wch pay.rent shail bear mteres~ from the da~e thereof until pald at the
~ c os .:~ne aer Cc7171:R1 F,e~ a~~~~.,.~; a:~c: aii sa~d ccs's. c+:~~grs a~~.i ~x~~~•~s_~s •~xurred or pa~d, together .v~~h such inte:es~, shail be secured by the Ifeo of th~~
r.ortgage.
6. That ;a) i~ the event of any breach of th~s Yortga~e or de:au:t on tFw part of the ti'.ORTGAGOR, or ;b) in tfie event any of sa:d sums of money
r:~~e~n refer.ed fo be not pre~+~ptiy a::d !u'~y Fa~d w~+h~n th.r:~ :.3J'. da;s ne,r ar+e~ ~i.e sar~e se:era':y ~eco»e due and paya~!e, without demand o~ not~ce.
ic) in the event each and every ~he st~pu:at~ons, agrermervs. co~.d~'~o^s and covenanTS ot sa.d p~om~ssory note and th.s mo~tgage any or e~~her are not
~.:~y, p~omptly and tut~y performed, d schargrd, rxec~ted, eiiec+rd, co:npleTed, compi~ed w~~h and ab~ded 'ay, then in e~+her or any such event the se~d ag
:-,gate s~m mem~oned in sa~d prom~ssory nofr then re~:u~n~rg ~:~pa~d, with ~~12rr>1 accroed, and a.~ moneys sec~red hereby, shall becume due and pay-
a~ e fo~tho.lth, o~ thereafrer, at ihe opf~on of sa,d A1pRTGAG:~, as f~:iy e~~ cump:ere:y as if a!I of rhe sa~d wms of money were ong~na~Iy s~~pu:ared
~ be pa d on such dzy, any~h,ng in sa d pro•n~ssory nore o~ In ~his h5ortgagr to ~he cor,r~ary not~v~~hstand~ng; and iherevpon or fhereafter a~ the op~~on of
s- ~ MORTGAGEE, wrthovt no+~ce or dem.and, swt at Iaw or m eq~~ry, tne~efore or thereatter begun, may be prosecuted as if all moneys secured he~eby
.:'.dTv:Eu ~f.OC S.J 'S i.iSt:::;': ifl.
7, That in the e+ent that at the beginn:ng of or at any t~.r.e pend~:+g a~y w[t uro~ th~s rl~ortgage, or to foreclose it, o~ fo reform it, or to entorce
,~:ment of any c~a~ms he~eu~der, se~d MJRTG:.vF"e sha ! app ~ fo The C_~~T havmg ;u~~sd.tt~on shereot for the appo~ntment of a Receiver, such Court sha~l
r_ ~I.w~th appo-m a rece~:er of sa~d r,oregaged propc~tr a l a:•,d s~•~~,.a+, i~~:.~d ng o,t a~~d s~~~g~,ar ir,e ir.cc:ne, prof~ts, issues ard revenues trom wh>te~er
s~_.•ce drrived. ezch and every cf whcti, ~t be~:;g expressy und~•s~ce.i ~s ~c~ecy ~ro:~gag~d as ~f spec.f~ca:ly set torth and descnbed in ~he g~annng and
,:;endum c'a~ses fiereof, and s~ch Receivcr sha~l have d~1 :hi- L'•Gdy a• o rtec•„•e f~•,;' cns and po.vers in any,n•~se envusred by a Cou~t to a fiecei~er, and
s_;h appointme v sha?t be .rade by wch Co:,ri as an ad •:!T~d cq::~~y a::a y n ataer ef a~so~~te r:ght ro sa~d MORTGAGEE, and w~:h.^u? reference to the
a::ea.~aty or madequacy o4 t~e va!~e of the property mw+gaged cr te tr.-= s: ve~xv er ~r+so.vency of said MOReGAGOR or ihe dete•,dants, and that wch
,,•s. profin, intome, issvea and rever.ues shaii be app:~ed Gy s~ch Rrc~~Y_~r s:coro:~:g to the Gen or equisy of said MORTGAGEE and the prathce of wch
~~urt.
6. To du:y, prompt:y and fu!~y pe~`or~,, d;s:harge, execu'„ eife,r ;cTpie~e, co~nc~y ~•~ih and abide by each and e~•ery the st~pulatiens, agreemems.
_~~~dn~uns and cover.anrs ~n sa~d prorn~ssory nose a~~d ~h"s ~:.:rr~~~~ s. r fs;h.
9_ That in the ever.t the ownersh[p of tne mortgaoed pre^~ ses, w a~~v Fart t'r.ereof, cecomes vested in a pe~son other than the MOR7GAGOR, the
:'~R7GAGfE, its s~:cessors and ass~gns, may, w~~hc~t r,c:,cr to t^~e '.:JnTv%-~~, dra; w~th such successor or successor in imerest with reference to this
, o•~gage and the debt hzrQby secured in the same r',a^ner as w.:h •':,cr~~~gor v,.~i,~~t in any way vit:ating or d~scharging the Mo.sgagors' liability here
cier or ~pon the drbt hereby secv~ed. No s3;e of tLie F•e•~ •ses F,_reby ~no~tg~ged aed no forbeara~ce on the pars of the ?~ORTGAGEE or its successors
• zss•~ns ard no eaTens•on ot rne n~;e ro~ ine pdyme.^.t cr tne ac•o~ nr~ec~ s~-c:reo g~ven oy ~i~e i.;JK~v:.v~~ ur ~ia w~~taa...a u: o»~y~.;, +.r...:~:e
c. ce•ease, d.scharge, mod~fy char.ge o~ affect the c~ig~nai I:a~..sy of ihe htOATvAGOR here~n, e~ther in whole or in pa~t.
10. It is specf~ca:ly eg~eed that t~me is of ~he esse~•ce cf ~h~s contract and that no wa~ver of any ob~~ganon hereunder or of the ob!igation s~
' .~red hereby sha!~ af an~ time tnrreaiter be he!~ to be a v+,s~:w of the te:rt~s herecf o~ of the instrumem sec~red herby.
~
F 1l. In add.f.o ~ to !~e {ore~c rrc^rn y;:a~~^_nrs c` ;~:;:al and :-~s+ requl:ed oy the p~om sscry ne~e securzd herrb~, rt:o:tga~or eovenants
- c agr^es to pay ro m.o-tgaaee ~n~;n each mo-~rh y;.a. e~:r a. .onai s..~~.~ cs• ~ ~fed b~ mo~rgigee to be equal to 1 12 of tl;e an::ua4 casr of the foI{ow-
~ A-A~I r~ai Froperry tacas ~ev„~ or diif5:;~ ag:,~u~ ti:e aco.e des~•:t•.d r,a~ es'~te.
~ 6-Frr~r ns on f,re ar.d v:~^ds+o-~^, ~r.s~~a~cc as ner~ n r-q, r:•d To be ce•~~ed e~. the :*r::ioveme~rs s:t~ate on the above d_scribed prem~ses.
~ C-Prec-~~,;^ s o~ s.:ch r ort~;qe guar~n!y ir.su+a~ ce as m„•t;~a~ee sha? ire ~ t me 'o ?~~^e deem fit to carry on the loa~ sec~red hereby.
~ M~orraa9ee s~a ~ from r~.r,e to f~ -.e nv~fy mo•ty_g~r ;n .~~rt,ng of fhe a--o~~r d.,e and payable hereunder and such su~~ sha:l thcreupon be due and
:acie on the d~e d~•F ot r~~e ne.r ~.o~th.~ pay~^e^t and each su:cess~ve ~ra•~~h !!~ereaf;_r ur.ti! mcrtgjgee sha!1 r,otlfy mor+gagor of a charw3e in s~ch ;
? -_nt_ Such sw~s s~> i:;e a• ~~d o mc+s •r ro+.a•d ti:e a nent of rea: ro e~t taxes, insura~xe rem.ums, a~~d mort a e uarant insurance ~
ri Y 9~5'- i~ I F V V P 9 9 9 Y
+ _ •~UTS.
} IN ~VITNFSS :•.'HER~i?F, Tne sa~d MORTGAG02 has hereu~to se` hls h~r.d and seat the day and year firs? af ~ ~
~
r Signed, Sealed a:d de~ivered in the p+esence of: _
r _ fILED Ay~ k'tC4AOCO (Seaq
s?. LUC;= ~~'~~tY f ~i i 1 ie Be tha c~ai~
. ~ i ~;C~ G~,~~ i ~t~~_ ~ ROGE~ : ; ~~~5
~ C: E ~K ~ : u;T COURT
~ _ r, : (Seal)
rx RFf.'1P.^ ~t"
~ (Seal)
~ .-:,TE OF FLORIDA ~ ~ 23 ~ Y6 1•'
~ St . Luc ie } '
~ _JUNTY OF - ~ " i
220984 '
~ Before me persorsally nppeared _ Li 1 L 1(; Be t ha _ ~ '
.`~i?~
~ _ _ ~p(~K to me well known and known to.fe~ To~ ,
gw_- ~he ind~vid~a~I described in and who execu.ed the (orego~ng instrument, and acknowledged before me that ~ey executed the s,~rrx fw tF~ pur
iF.erein lxp~essed. ~oLE~fAOUd ~ (
~ ~'+94FfU[~C]b4C70~ - G
e!l°R'lC7d9t:C~l7elQ7C1Q~79~E7P~I~7lbpC~~e~yQ~)[)~e.k~~4trK~1~ylUWCSCkA~Q~{(~D~~.C7KS~O7j~~D[dm~(R~U03~OSC1f0bfACDOC~~if0C6tK]m(dOflaX6tK~~[017t~[it9C .
t ~ ~~l'J~/Y}~T'f11~'IJ~7{Y19~~-~~r~1jp/ti~a~~QKAhiV1CV~~~ . _ ~ ' ~j4~ y ~ - :
WITNESS my hand and offc~al seal th~s_. day of_ T`eCE~IkE'r ~ A 19=-`'j f
= ~~~-~1~_:~ n ~ '~~,=-~~l ~'t " ' +r
= Notary Pub~ic in and for the State of Pbride at l~rge
b1y Comm:ssion expires: O r a i~
~;3 Retum 70: 1
First Federal Sar~ngs 3 loan Associat:on
O' Fort P r.ce
- fon F;•~rce. F.cr~da
. ~
This Instrument Prepared By John Collin5
First Federai Savings & Loan Association
_ of Fort Pierce ~ r lorida
Checked By
- U R
~Y:: ~o~K ~g$ 7~7
_ .
. _ - ~ ~ ~ - ~~~~a ~