HomeMy WebLinkAbout0770 3. To place a~d co~1~nvo~siy keeo on ~he 6~~'d~~~as r,oH or h~•:r~'rer ~~~~ate on n~;d !end and on a!~ rquip~nrM and personally Covr~ed by 1h~a mor
ege, w~~h all prem~v'*~f th.:~eon pa.d ~n fu:l, f~re i~.s.,rance ~n ih~- ~n,;ol sr.,~ 9er:l po'~cy form, in a wm aypio.rd by the hiOK~~ACitE, and w~nds~o
~ns.yance in the usual uandard po!.cy fonn, in a s~:~~ ~Hy~J.ed u~ it~e MvRTGAuEE, in such co~~+par.y or co+»~ an:es as the A:ORiGAGEE ~n
d~rect; and all fir~ and w~ndsrorm insvranca pol~aas on a~~y of sa~d kw~'d.nys, any inirrrs~ the~ein or part ~hc:eof, in ihe aggr~gue wn* atoresaid
in extess thercof, shall :on~ain the uw:.~ s~a~~d.:rd n:o~~9.~9ee c!~~~se or su_h ofhr~ ciause as thr Morrgagre may reywre, mal.~ng ~ha ~css u~~dr~ ~~~d po
c~rs, eath and every, pa~;ab'e to said A10RTG.AGEE as ~ts intcr:st may L~~r23I, and each and ecery suth po'~t/ s~~a~t ue pronyiiiy ass y~~rd and de~~vcred ~ :
any held by sa~d MORtGAGEE as funher sec~rity to sa~d ~~;orgoyr d..bt, a~:d, not less ~ha~ ten (10) d~ys in od:a~,ce oi ~tie eaF ~~~!~u~~ of cach put~ty, to d~ t
:~~8/ ?o said MORTGAGEE a renewal theraof, toqerhar wdh a rr::~F~t For thr µrr:n~um ol suth rene~n~at; and there shall be nu Lre w~.~+~:cistcnn iniuranc {
placed en any of said build~ngs, any ~~~terest therem or F>art r}._r~_~oi, w~ ~ss m ~he fonn and wi~h the ~css p~~aL'.e ~s a'orrn~~:i; and in ti~e e~rnt any s~n =
ot money becomes payable undrr s~ch palicy or pohues sa~d htvktGA:,iE ih~ll i~a:e rhe opnon to rece~ve dnd apy:ly t~~a sa:nr on ac_o~rn of the ind~btrd 1
ness sewred hereby or ro perm~f s3;d N.ORTGAGORS ~o rec~~vr a~~:! ~se it or d~~y f,:rf ~h••~e.:f for c'~~•~ ~.~r~.~s~s. ~~~~.-T th •+-~~~'l ""P~"
ir.g any equity, lien o~ right under or by vi:we of th~s mo:~yayc; and ~n tha event sa d A10~2iGAGORS shall for any rcason fa~! ro k~~cp ~hc sa~d prtmises so
~nwred, or fai! ro deliver prompt~y any of sa~d poLc~~s of ~:uu~~~ue lo sa d MORiGAGEE, o~ f~~l prcrnptlY to paY fwly any p~r~~~~v~» there4or o~ in a~~y
respect faii to pe~form, disch;rge, eaecvte, effec~, ca~:p!eta, co e:~.~y w~ih and ab~de by th~s covenam, o~ any ~~~rt h_reof, :~~d A5vR1:~AGEE may p~ace a~a
_a ~
pay fo~ such inwrance o~ any part therrot w:thout waw~ng or att~:nng any oNt~on, i~tn, eyu~~y, ui u~,ur+ v+ :,y '..~:'y=y=.
fu~l amount of each and e.ery such pay:nem shafl 6z unmed~a~ety d.,e a;:d payab!e and aheil brar interrst irom tha dare•~hereof u~~~il p.,~d at the ~ate o1
o:ne per tenr~m per annv~n and to~~•~1~~•r v~~!h such inre-~•sr cha~, :~c~..<<•:~ by ~he Gen of this mortgage.
T~ ~_.tt., wwcr~; unna~rment o~ d~~:~~~:.raf~o,i of sa~d aroperty or any part thereof.
S. io pey a~i e~ni a~•~y~;a~ rtrc .o;r,- ~ha:3es r•.~ ~xYCr.s:s. ..._.c~±:•~3 _._=so.•~b!e >t~nrnay's frP and cos~s of abstracts of title, ir,curred or paid a~
.ny t~me by said MORIGAGEE, beca~se or in ~he event oi th~ t; w~e'on ihr'port of ~he said MORiGAGOR to d:,~y, pro+++ptiy and fuliy pertorm, d~scharge.
_~ec~te, effect, canple~e, comply w~th and ab.dr by each a~:d ~.cry tha st~p;•ai:ons, agrer~~~ents, cond~i~ons, and cove:~ants of sa~d pro:n~sso~y note and ~h~i
r.ortgage any or e~ther, and sa~d cosrs, charges and expr~~ses, each ~nd e.e+y, shall be in~~n~d~ately due and payab:e; whrther or not ~hrre be not~ce ds
~.a~d, atrempt to co;lcct or su~t p-rndng; and ~he ful; a:Tw~n~ ef c,+ch a~~d e~ery wch pay~nem shall bear ir.~_rest from ~he date th•,reof umil pa~d at tl,e
o~ nine per centum par a~~~~~:~~; ~n~ a~~ sa~d ces~s, cha:ges a:~d ~,_c~.~:s ~xurrrd or pa~d, together w~fh such ir.terest, shall be secured by the Gen of th~i
mortgsge.
6. That (a) in the event of any b+each of th~s Mortgage or d~•`eu,~ on ~F~_ p3rt of ~he A10RiG~1GOR, or ;b) in the event any of sa:d sums of monry
t•crein refer~ed to be not promptly and fully pa~d v_.~~h~n th.~ty i3~; ~~;s r.~~+ a•r•~. ~he sd~»e sc:era':y 6ecu~~re due and payabte, without demand or notice,
~r ~c) in the event each and every ihe stip~Iations, agree~nents, ca:d~c~o ,a and covenan s of sa d pro~»lssory note and tlns mortgage any or either are nol
i.,:y, promptty and fuL'y performed, d.scfiarged. ececuted, effe.red, comp:ered. compl:ed w~'h and aL~ded 5y, then in enher or any such evem Ihe sa~d ag
~•~•gate sum mennaned in said pron:nsory n~te then remaining u.~~a~d, v.~~~ ~:~Tr~e~t acu~ed, and a~l mon~ys secv~ed hzreby, sha1~ b.:cume due and pay
>o a fo~ihwith, or thereafrer, at ihe opr~on of sald MOBiGAGEE. aa 4~,.;y and co~~~p;e:eiy as ii ali of i6r sa~d sums of money were o~~g~nally st~pu:atcd
e be pa:d on wch d~y, anyth~ng in sa d prom.ssory note or ir. ~hn ~tilortg;y~~ to ~he co~~!rary nor,rl~hs~and~:~g; and thereupon or th.:rcafter at the opnon of
s-d MORTGAGEE, w~thout not~cr e~ demand, sun at law or ~n rqu~ty, Th~refo~e or ihereaite~ beg~n, may be prosetuted as if all moneys secured hereby
r.=J mdtureci ~l~Ot (0 ~13 ~73h1uf~J1.
7. That in the event that at the beginn:ng of or at an~ :~n,e pend~~~g any su:t upon this Mo~tgage, or to foreclose it, or to reform it, or to enforce
ca;ment of any ciaims he•eundrr, sa~d t.10RTGAG_E sha'1 app~y to ~fi~~ CJv'1 ha~•~ng ~v•~sc!•cr,o~ !hc:eot for ~he appo~ntment of a Receiver, wch Ccwrt shail ~
r:: ehwnh appo~nt a ~ece~ver ot said mo:egaged pro~rr~ a;l and s~~~gu:ar, ~e:l~d.~g ~~1 ard a~~~g~ ar ~he ir.come, prohts, issues ared revenues from whate~er r
s:.-ce drrived. each and every of wh.ch, oe~ng expressiy und_-rs~co.i n fe:_'vy morrgaged as ~f spec:ficaily•set fonh and descntxd in the g~annng and
r;cendum ciauses herzof, ar.d such Rece~~er shali have a~. cha b:.:ad a• d rf~c<•!~e fvncT ons and powers in anyw+se e~i~usted by a Cou~t to a Receiver, and
s ch appointme~~t shali be made by svch Cevrt as an ad ~,~ned eq~.sy and a~r a~rer or absciure r~ght to sa~d MORTGAGEE, and wisiwu~ reference to the
ad~q~aty or inadequacy of the vatue of the p~ope:ty mortgagcd cr to ttl_ SJNC~~Cy or ~nsoiventy of sa[d MORTGAGOR or the de+endants, and that such s
;~!s, prof~ts, incane, issues and revenues shalt be app;~ed Gy such Recr~~rr e.corci~~~g to the iien ot equity of said MORTGAGEE and the Rractice of such
Court.
8. To du'y, promptIy and f~I!y per`o~m, d~scharge, exec~~e, effect. compirte, compl~r with and abide by each and every the stipulations, agreemeMs,
r~nd~tions and covenams +n ia~d promissory ~otz ar.d ths r.~;;rtgag_ srt iorth.
9. That in the event the ownenhip of the mortgaged p~e~~~aes, o• any part th•_.eof, becomes vested in a person other than the MORTGAGOR, the
:•~RTGAGEE, its wccessors ar.d ass~gns, may, w~~hou~ r.or.ca to ihe :'.OFiG~QR, deat w~rh such successor w successo~ ~nterest w~rh reference to th~s ~
o~+gage ar.d the d~b~ hereby sec~red in the same m3nner as w~~h '.tis~~gagor w,thour in any way vit:at~ng or d~xharg~ng the Mortgagors' liability here~
.^der or upon the d~bt hereby secured. No sa:z of rf~e Frem+sei h,reb~ mortg~yed and no forbearante on the part of the l1lORTGAGEE or its successors
c,~ assigns and no exsens~on ot the t~me tor the payme~t et the debT here;:,y sec~rrd given by tne M~KTlai+v[t or ~~s succeswri w oas~~yus, a~~e~i uNe+eie ~
to reiease, dacharge, mod~fy change er aife.t the aiglnat :ia:z:.t~ of ~he h'.ORTGAGOR t:ere~n, either in whole or in part ~
10. It is speufi:ally aoreed that t~me is of the PSS@r~@ ~f th~s co~.iracr and that no waiver of any ob~~gat~on hereunde~ or of the ob(igateon se- ~
c.:•ed hereby shal~ at any tin:e thcreafrer be held to be a w~~ver of ihe tem,s hereof w of the insrr~mem secured he•by.
I1. In add~t;o~ !o the fo~egcn~ e.^.onth!y pay~r_n~s of ,:•~x,~-~~ and ~•~~_^_st requ::ed by the promsscry no~e srcured hereb~, mortga^yor eovenants
~ ~ d a rces to a to r~c-t a ee w~.h eacn rocn+h 3 ,t an a... ~na; su^~ ~s~ ~ ared b mo~r a e to be e uai to 1 12 of C~e ann~al cost of the foliow-
9 P Y 9 9 I e" i' e' ! 3 9° ci
i 3:
~ A-Alt real property taaes le•:i~_~ or assess-_d ey3i .st fF~ :,co:-e d•.sc~~%~ d r;af estate.
; B- Pr~n.~~:n: on I;re 3nd r~ir.dstorr~ ~nsura~•ce as nerc;n req_~ ~_d to be ca~n• d a~ tiie :rn: rovzme~ts s:tvate on tn_ above d=sc~~bed premisea.
~ C-Premiu~•+s on s~ch mort~::ge g~arar.ty ir.surar ce as mo•tgu^yee she11 frcm. t me to time deem fit to earry on the loan secured 'nereby.
i hlortgagee s^a ~ frcrn tin:e to '~:.,e nenfy mcrtyagcr ~n xr;t,r.g of the s- o,;•it d.;e ar,d payable hereundrr and such surr. sh.;i! ti~ereupon be due and
,,able on the due date of rhe next ~r;o~th:y ~,aym~~v an~ e=ch w.cess~~re «o-:th thireaftar ~r.ti; mcrtgagee shal! nohfy mortgager of a change in such
~unt. Such sums sha.f b_ a;;~.'~~d by -~ortgag~.e to:,ard tne parment of rraf proNerty t xes, ins~ra:ue prem:ums, and morfyage guaranty iosurdnte
~ . -emiums.
~ IN \'iITNES$ :":HEREOf, the sa~d h40RTGAGCR has hereunro set hrs har.d and seal he day and year fint aforesaid.
~ Signed, Seated aad detiver in the presence of: -
: %1 '
~ fILEO Ati~ PECCRDE~ , x al)
~ ~u~~~ ~~~yNjy Fl~?- ois ee rya , a sing e ~~adult
y - F.OG~a :i,~TRAS ~
~ CLE:tK :~J~j COURT (Seaq
° _ ~ - RFCOF.: rfE~ ~ (Seaq
` 3 ~6 PN'1 l
~ ST:,TE OF FIORIDA ~C~~ 22QS85
CJU'VTY OF St. Lucie ~
~
~ Befwe me perso~ally appeared I.O15 Onnollee Bryan, a single ddlllt _ ~!C
~ -
~ _ ~0~. to me well known and knoww b me to br
?a !he i~d~v~dual~ described in and who executed the foregoing instrumem, and acknowiedged before me that ~y executed the sars~efe~ N~e purpofv~'-, ~
.
i~ therein expressed. ~ - , She ~ ~
" 3~
r9 WITNESS my hand and official seal this___-~~ _ day of__ ~~Ce~ r ~ 4~~ IL fl+,19_~
-~'"~.t n d_n~ ~ . - ~ ~ ~ = '
Notary Publit in and for the StatF~O~~Ftaida at ~atpe
j',
My Comm~ssion expires: ' • -
Ret~rn To: n ~
; First Federal Savings 3 loan AssociaY:on ~ O n ~~,'~~~~7~~4 L_~~~
'~~':eilft'~~
Of Fort P r~ce. .
i;~ ~ ~
_ fort P~•,rce, F!cr;da ~
:W;
;;;g
-This Instrument Prepared By RiCha rd K. Kayes
- First Federal Savings & Loan Association
of Fort P6erce ~ Rlorida
_ Checked By 6001! ~vV PACE ~~t7
1
_ _ . -