HomeMy WebLinkAbout1260 3. To p'ace a~d co~r~n~o.,sly krep on the bu: d~~ 9s ~~o.. er ner~•;rrrr s.r;;sre on s3~d land and on a;1 eq.,~p~nrm a~~d ptrson~lly covered by this mor
e~e, w~th all prem~ums thrreon pad in fu!!, f•e i~.s..~a^cc .n ~hr es,:u irsr.d.+•d Fw~cy "tonn, in e sum a~prov~d by Ihe A4J~2~~:.vFE, a~.J ai:i:~ito
^s~rance in the ui~al ~!ancia~d po:.cy forn,, in a s~~T~ at; ro.ed b~ ;hr t.1JRTGAGEE, in such company o~ compan:es as the l1tO~ZTSAGFE m
d rec!; a~d a(I fve and w:ndstorm ins.,~ance po:c~es on any of i~~d kwiid.nys, any ln+eras~ ~herein or pa~t thereof, in the ag~rcgare s~m aforesa~d ~
exceas thereof, sh~tl :ontain ~he us~zl s~a ~d.;rd rr,or!9~gae n3~se o~ s~,:h o~he+ ciause as tha hlortyagee may ~eq~.ro, maM~ng fhN ~ess urdrr sa~d po
. es, eath and e.zry, payab'e to said ~SJRi~:aAGEE as ~ts ~nttr,st r.~oy appra., a-ed each and e~e~y wth ~::c/ shd{1 be pron:priy ass q•~rd and de:~verrd
any he!d by sa~d htORSGAG~E as f~rfher srcurir~ to ia.d n.o~igage t7cl:t. 3:.(~, n01 7253 than ten (10! da~s in advance of the exp~:ot~on of each po„cy, ~o d~
,..er to sa~d MOR1GAGiE a renewa~ ti~eraof, toge~hrr v~~:h a~~•ce~,:i for th<~ or~:-,,um of su:h r¢nr.ti~'.; and i~rre sha~i be no f,re or ..;r.dsw•m inswanc
p~aced on any o! sa~d b~~'d~•~gs, a~y ;~:>r;ess lhrre:n er part ~i~.~rrof. u~, css ~n ~he form and w~~h the ioss payau:e as aforesa~d; and in rhe evant any tun `
of mone beco^~ea a ahle ~nder wch ' k
Y p y poiicy or po.,ues sa~d .1,1JkTG:.~~c s~ ~ll hjve ~he opt:on to recene ond ap~:'.y ~he same on aaount of ~he indzcted
~_ss secwed hrreb a to ern~t sa d MpRTGAGORS to ricr~ve a,:d uss rt w an ' f m.~~~•nS iw or:•• ~ 1 ±h a; .r r~~pa~~ f
Y P V i:•~! F.::r.~os~~s. ..rc^,,;t
any equYy, t~en or rigA~ ~nder or by v~rtue of th~s ~~~errgage; ;r:d m:hr event aa d\!pe27GAGORS sh3!1 `.or any reason fa~l ro k~~ep the se~d prem~ses so i
~~wrrd. or fail to del~ver p+o~npfly any of sa~d po!.c:es ct ~niu:~nte to aa d MOkiGAvEf, cr t.;~: ~:cn, ri to a fu.t an ~
i P Y P Y Y Y P:r'r~.,,:n ti~crrfor O~ ~n a~~y
re:~ect faA to pe.!o.m, d~s:h;~ye, eaecure, efiect, ton~p;e~a, co:~.Hiy •,a~rh a:~d ab~de by ~h~s covan,~nt, or any part hereof, said 1~AvRT.;%+GEE may p:acr a~o ~
F^• na.~ ~ne.euf w.ehour waiv~r.a or atfeu~ng any oy~t:oo, ~ie~, equ~ty, or r;ght u~~der or by v~rt~e of ~f,~s Atortga~e, and thc ~
~_~I amoum of each and e.ery s~ch payn,enr shati ~r im;r~edretely d~e a+~d payaC:e ar,d sh~~; bra~ inter~~st trom ioa oa~a i~creoi ~n~~~ N,~u o~ ~.,;e '
~ e per cenium per ar.nu:n ar.d To~c~t.rr ~~~h s~:h inee•~s~ sh~„ ne sre..~e~ 1;~ the Len of th~s mort j e. ;
9 9
4. To permit, commit ot su'fet no waste, impairmeni ot d~trrwra+~on of sa~d property w any part thereOf. y
5. To pey alt and s~ngu~ar ~i,e cos~s, charges and expe~~srs. ~n::ud,•,~3 a reaso~able attornev's fee aed cos~s of abstracts of title, incurred or paid at
~-y ii~~u by sa.d h1v8?uAGEE, becau3e cv in th? E~znr ot :he 1v,:ure cn p~n of ~he sa~d MORTGAGOR to duly, p~on+ptly and fu~Iy perform, d~scharge
.=e~cure, effed, canp,efe, canply ~r,;,+h a~d ab de by ea.n and e.err t'r,e ;t~p~ ar.ons, agrerments, cor,dmon~, and covenants of said pro~niisory note and ~i-~a
-•Jrtgdge any or e~ther, and sa.d cosn, chargzs an~ excens~s, ejch and e~esy, shaN be im~ned;arrly dve and payab:e; whether w not rhrre be net~ce d~
- d, attempt to co:~ect or su~t pe,,d ng; a~:d th: 4u1~ a~~~ount of ea_h a:+d e.er r svch patiment shali bra+ interes~ from ~he date therrof unrii paid at the
~ ~„ne per cer,:~:n F~~r en~,, ,:,d se~d ccsrs, u~s~3es e-d ;cs :;x~~rrd o. pa~d, to~ether ~v.th such interest, shail be secured by the ue~ of thu
mortgage.
5. That (a) ;n thr event of any brzach of th~s t~!orrgage or deFa~,~ on th~ part oi fhe 6!OR7GAGOR, or ;b) in ~he eve~1 any of sa:d sums of money i
~>~e~n referred to be noi pro~~~p!.y a~.d ~u:fy pa~d in ~f~ d,;s r,e,• a•r:~• ~he s~~ce se.•era::y ~eco~~e doe and paiabte, wni,ouf demand or nonce,
cr c! in tha event each and every rhe snpu.at~ons, agrerme«rs, cc,.J.r,o ~s and cowenam3 0! sa d promisso~y ~ote and th.s mortgage any or ei~her are not f
~~•v, p~omptly and f~ity perfonnrd, dscha•g=d. rxecuted, etfectrd co~e,pie!ed, :onp;;ed w~th and ab~ded Sy. then in e:ther w any such event the sa~d ag- ~
~•ega!e sum ment~oned m sa~d prom~ssory ncrz then re:r,a~n::;g un;a~d, n~~n in!cre~~ acccurd, and a~t moneys secured hereby, shatl become due and pay
e forthwirh, or thereafter, at the cp•~on o4 s.,.d h'.OR?GnG~E, as tut y a~~d co~np;e+c;y as i! a'~ of the said sums of money were ong;naJy stipu~ated
~ br pa.d on such d~y, aniih~ng m v d p•c -,.ssory noae or ;n in~s A1o•tge~e ro the co:~+~a~y not v~thsta•~d,,,g; ar.d there~pon or the~eafter at the opt~on of
s~ d MpRTvAGEE, w~theut nor,cz or arr~iand, s~~t at !aw or ~n eq:;.i~, !nr~rfore or ther~afrer brgun, may be orosecuted as if atl moneys setured hereby
n_d matured pnor to ~ts ~nst~t~t~on.
7_ That in the e~ent that ar !ne beg;nn ng of or at any t:n-~ pend~~~g a~y svrt u~+o~ this Mo•tgage, or to fpreclose it, or to reform i~, or to enforce
;~;Tent of any ca~ms he~eur,dzr, sa~d r~rtJ2t~;,;,~E sna;l op;,if to rh~ Cc~•~ I~3:i~~~ tU•~SCj:t~aon rh;reof for thr appomtment of a Rece~ver, such Ccurt shaii
,:~hw;th appe~nt a rece~~er of s3id mortgagrd prope~ty alI and s~~~g~:ar, ~.:v;,~ng a~~d s~~gu~ar v:e in~cme, profe=, isaurs a„d re~e~wes trom whatever ~
rce derived, ea;h and tvery of ~nc ~h. ~f ne~ng express'y un~e~s~oc:i ~s re*_bt n:crrgaged as i! spec~f;cai:y set for~h and desc<<bed in the g~anr;,~g and ~
! s~endvm c;auses hereof, ar.d such Rece~.e• a~aii havz ait ~he br;,ad a~~d e~i~-c•..= i~~c~ uns and por.ers in anyw~se entrusted by a Co~~t to a Recriver, and
s_:h appointment shail be /rrde by such Co~*t as an ad:~:ir.~•d eq~•ti a~-d a ra!rer o'. obse,~te nght to said htORTGAGEE, artd ~v~:h~~t referencc to the fi
e~•~quaty a inadeq~acy of the va'ue of fhe procerry mortgaqed or ro !re s;; .e~~cy cr ,nseivency of sa:d NORiGAGOR e~ the derenda~:ts, and that such
~s, prof~rs, inco.ne, iss~es and re,~e~ues sha~i be app~~cd or such Ret~•~.er ac,ord,~,g to ~he i~en or equity of sa~d M~RiGAGEE and the pract~te of such
Court_
H. To du!y, prumpr(y and fu~+y per!orm, d~s:ha.~e, exec~rr, eife:r. .o^:~.;rte. tarr;~ly w;~h and abide by each and every the st;puiations, agreements,
__:•ddions antl tovenants ~n sa~d pro:^~ssory nc'e ar.d tns n,cr.ga~z s~-t to•:h.
9. 7hat in ihe e~ero the owr.ersh:p of th~ mortgaged pre^:srs, o• a~y- ~:~rt tnereof, becomes vested in a person cther than the MORiGAGOR, the
: ~RTGAGEf, its successors and as::g•:s, T.~y, w~:hou~ nC~iC^ 1J +~:e Jh'G%.^,~, dea+ w~~h such successw or successor ~n iRre~est wnh refe~er.ce to this
- c•rgage a~d the dcrat hereby secured in the same manner as n~~h 7:,ory,g~. vvnh~ut ~n any way vi~;a~inq or d,scharg~ng the /dertgagori Iiability he~~
, _-der or upon the debt hereby s~cured. No sa:e of the Fre~,.~ses h~~rb~ ~nortg;ged ard no iorbearante on tfie part of the IAORTGAGEE or its successo~s
' a.~:.,.,c nn PcePnt~on of thP nmP for the carnen~ of the drbt i:~•e;, se.~rrd g~ven by the 1JIORTGAGEE or its successotS ot aiS:gni, a~iail OperatC
o re'~ease, d.scharge, mcd~fy ~har.ge or aifecf the ong,nal ;~ao .oy uf ine h'.ORTGAG~JR here~n, e~ther in whoie or in part.
10. It is speuf~cal;y ~areed ~h3T ti~+e ~s of fhe esse~ce of th;s co•~irac+ and that no waiver of any ob'~gat~on hereunder w of the ob!igation se-
t c~-ed hereby shaii at ani t~me theteaiter be h~:d to bc a..e~.er cf rhe re:n:s hercof or of fhe invrumeM secwed herby.
i t 1. !n 2:1d t.U? •o the fore3c -~g ~ o h'~ par.,,~nts ef ~ Y._: and r T~ : s! requ~red by the prom+ssory note secured heceb~, r.io:tgagor covenants
~ : agrces ro pay ro r.e-!gag:c n,~h ea_h ~,:r:•h ;;,3, r.•• a~. ;;:,j. ,<sr ~ a!~d b~ mo~syagee to kx equal ro 1 12 of s;,r a.,.~ua! CJSi of rhe follow- ~
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A-Afl r~a! prope+'r taxrs le~.,.,~ o. dSSP55_!I a_ Sr ;t,., z~:~:E Q~sc•;~~ d r.at esrate.
6-Drr~,~;,~s o0 4~re arci r::casTO ~r: [ns~ra~-ce rs ne••~.~. .q~ te b.~ ca-r~-d c~~ thr :m~.oveme~ts s~tuate on the above J_svibed premises.
C-Premwm5 on w:h rro~r~;ge g~a•;nry ~nsura:~ce as mc*~ga~ee s~~~~.1 4rc-^ rme to f~me deem fit to ca+ry on the loan sew:ed hrreby.
fltorrg>gee s~a' f~cm t~~~:e tc t:-~e r.c~~~; me•!y~g_r ~n ~.rn~rg ef the o-.~r d.,~ and payatile here~ndar and such su~~ sha;! tne~eupon be due and S
..~b'e on thr ~~e date oi Th_ ne~r r:;o~f^:~ p~yrrent a~~d e~cti w.cess~.e -~o•~!h +hereafr:r ur.tii mertgagee shati nor:fy mortg3gor of a change in such ~
;onr. Such sums s4a.l t;e aep ~ed 'ty merfyay_e ~ov:a•d ri~e payn,e~~t o4 ree: prppest{ 'axes, ~nsura:ue p(f.T..VTS, d~l(i mortgage guaranty insurance
. <_'.*11V~71S.
IN Y~ITP~FSS 'NHfRE tna sa;d 'JIORTvAG02 has here~~to set h~s h~:,d and seaf the day and '{ear first aforesaid.
i Signed, a! . d de':iv red in the aresence of:
E FILED AN'? ~ECQROEO ~~~y~- ~~=./JQ
t ST.IUC!~ ~~tiN7Y fl~. ~ ri~~- t5eai)
; , RoCt i~~'~~'S f`, John L. Wills. a sinqle ad~,j~
' RR t ~:i.Ui: C^IiRT V
} CtE. _ - iSeaq
a F : ~ . . ~ L~
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0 30 az2QK~Ti «a,~
S?%,TE OF FLORIDA ~j ~
cour~N oF St . Luc ie } 221310
Befae me personally appeared JOT1A L. _ Willsz_a_ single aC~111t ~
"4AS'1~tfL?, to mc well known and known to me to be
tt,: individvalt described in and who executed the foregoing instrvment, and acknowledged before me that fhe~r executed ihe same for the purposes
- r6=rein expressed. ~A~ tfx iaht _
_ r::te of the sa;d ~ - ~ vp~i?~~~ra~lo-s~dpww4
^+e+n:v~ewow ~bp +ne ~aken-xpe~e~e~wd ~psr~ ~rr,w *e.-s~i i~ssi~aweE b~kwowic~gcri +o~s.a1 i~f~.e w~ ~Mf-al~s ~xew~e~ ~a:~iwa~.wwew~f~a~iy ~wd-v~Mrw~ ;
'~+~y., and.w.rlwuL any lflc~wwarti coossra~ot.. aPPr~6eason,~c lvat of..oc J~m b~r said. ` ad., •
WITNE55 my hand and off~c;a! aeaf this_ _-slsc L~~_ day of___ A. D. 19?L
: Notary P ~c in a~d fvr the tate of Florida lar~e
My Co .~ssioo expires: ~`/,y~i 7 S
' Return To: /
First federol Savir.gs d toan Assoc~ar,on ~;iJJr~y r••~~_~C STATE OF FtoR~D~ nT ~ 4RGt
of :~.r MY C~Fi°:i!-~ :~^N EXPIRES AUG. 6, 197~ ~
Fo~t Piyrtr, F,o~ de GEFlERAL INSURANCE UNDERWRITERS~ INCw
. i
This Instrument Prepared By Richazd K. iC~yQ;
First Federal Savings & Loan Association
of Fort Pierce~ Florida
Checked By . . ;s:t~~;~•`".-
.r.,~- .
aooK 19$ ~ACE12~
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