HomeMy WebLinkAbout1578 3. To place and conNn~ovsly i~zep on the 6:.;'d[~.9a nc~ or hzr.•,frer s~~.,~re on s~:d la~d ar-d o~ a- C'~~q-"~~'nf d~~CI ~C~fOndi~Y COv2~@d Vy this mor
age, w~th ail prenu~ms ~hereon pad ~n f~,i, f~re ~:~s.,ra. c~ !n ii~: ~~s~~i~ sr.++d.,~~ Ho.,cy torm. in a s~m a~.proYed b~ ~he h~iJR~v:.GfE, a~,d w~~~Js~o
Insurance in the ~sual s!andard po~.cy form, in a w~n a~.pro.~d :.,r rhe MJRSGs~GEE, in s~ch co~npany or Co:npan:es as fhe A10~te;aGiE m
d~rect; and all fire aad w~~dsiorrn ~nwranca pol~cn~s on any af aa~J bu~!d.ngs, ar,y interest the•ein or part Ihe~eoi. in the agg~ega~t sum aioresa~o
in excess thereof, sh~li :ontain ~he uw~:~ s+a~:d~rd ~nor~g.~g~e anuse o~ s~ch o~her c~ause as the Mortyagee may ~eq~.re, mai,ing ~ha ~oss undrr sa.J po
c~ei, each and every, payab'e to sa~d AIJRTGAG[E as ns ~n~cr~nt n,ay a;:pra., ar~d each ar.d e.•e.y wch ~~:~c/ shail be promp+ty ass gned and de~~vrrrd ~
any held by sa~d h10RiGAG~E as funhcr sewrity to sa,d n.;,rtg~~e dcu~, a^d, not teu ~han trn (t0i da,s ~d:a~ue of the eMp~r,,t~o~~ of eo:h pohcy, to d~
I,ver ~o sa~d A10RiGAGeE a rener.ol ~h~reof, ioge+har w~~h a r~.r~;,~ tor th.• pr„~~~~um of such iene~.al; a~d ~hrre sh~:i F,r r~o f,re or w~~»s~o•m ~nsvianc
placed o~ any o1 sa,d bu:~d~ngs, any ~nrerest there~n or part ~h~r•,~f, ~.._'~e, ~n the fonn a~~d xah the ~G51 (~dydb;c' as afcresa~d; and ~n the eYertt any aun
of monty becomes payab~e undrr wch poiicy o~ po!:cScs sa~d .tORiv~GEE s~~-~I1 ha~e ~he op!.on to rec_~yr -,~,d app:y t:~a sa:~~e on aaeun~ o( the indebt~d
ncss sec~red hereby or ro p~~r:nn sa;d MORTGAGORS to r~~cr~.e a~:d ~se ir or ;•,y ;:,~rt ih~• .-ot t:•~ e-•~• r~,,:~: :.s~s fn,~~ u; .•~~+~~•J ~•"P~~'
~ng any equ~ty, I{en o~ riyht und?r M by v~rNe of ihn n~c:'3~gv; end in the ev~nt sad h1~RTGAGORS sh.i!I `.o~ any ~eason fail to k~•ep 1F.e sa~d pre~n~srs so
~nwred, or fal to de~~ver promptly any of sa~d pol:c~rs oi ~nw~ance to s3 d~ti~ORTGAGEE, or tr.. ~ran:pry to pay fu~iy any pre ~ ther~for o~ ~n a~y
respeU fail to prrform, d~schsrge, exrcute, effect, canH!rra, co,:~:IY w~ih and a'.nde by ~h~s cuv~~~e:~r, c. any part I:~~eoi, s.+~d t.1GR7~;+GEE ~»ay p~ace a~ o
pay iw wth insurance or any part thareof w~thout wa~v~ng or affciting any oF~t~on, I~rn, eq~~ty, or r~~ht ~nder or b~ vurue o~ thin hlortgage, and thE
full amount of each and e.ery suth pay~neM shmt 6e ~~~.~u~•d~arcly d~e and payab:e and shaii Eanr interezt 4rom the date thereof uniii p„~d at the r~te ol
~~;ne per canrum pe~ annu~n and to~~•iY~.rr N~rh such uxc ~st sh.:~~ sr:~r_d by the I~en of this mortgage.
To permi?, commi/ w sufFer no waste, impairmer.t or det~~norot~on of sa~d prope~ty ot any part the~eof.
5. To pay all and sing~~ar the coits, charges a~~d ex~:er.ses. i~ui~d~n;~ a recsonable attorney's fee and cosrs of abs?racts of Gtle, incurred or paid at
any time by sa~d MORTGAGEE, because or in the evem of tn~ io.~~rc on ~nr part of the said MORTGAGpR to duly, pro:nptiy and fu~ly pa~fo~m, d~scharge.
~,ecute, effect, comp:ete, comply w~th ana ab:de by each acd every the st~;:u,er:ons, agree~nents, co~~d~t~ons, and covenants of sa~d p~om~ssory note and th~s
norrgage any or e~~her, and sa~d cosfs, charges and e:penses, e~ch ~nd ~Yrry, shatl bz in:med,atety due aRd payalie; whe~her or not ihere he ~once dr
mand, attempt to collect or svit pend~ng; and tht fu11 a~~:o.,nr cf cach a~~~~ e~e~y svch pa,mcnt shall baar int,rrrst from the date thereof un~it pa~d at the
+e o' n~ne per cantu~n ~er an:~;, ~i; ::nc! alt sa~d ccses, cr~a-grs ~•~d ~ ~~.irs ~~~t~:red or p~~d, togathar ~vnh wch interest, shall be aecured by the :~eo 01 th~i
mortgage.
6. That (a1 ~n the evero of any breach of this Mortgage or de'a.,it on iF~ part of the A".ORTGAGOR, or ;b) in the event any of sa:d wms of money
herein referrrd ~o be not pr~::~Nrly and futly pa~d wf~hm ~h.r!y t3J:~ d~;s ~~e•r e•e•:~ :'~e same Sc'vE.•a.y L'PCJ~+~e due and payable, w~~hout demand or notice,
er ;c) in tha event each and every rne s~ipu~ai~ons, agree:nents, cor~d::~e~~s a~:d :uvenanrs e~ sa d pro~~~sso~y note and th~s mort9age a~y or either are not
iuly, prompNy and iulty perfonred, d s.fiarged, execwed. eitecred, comp;ered. comp.~ed wirh and at~d_d 5y, ihen in e,the~ w any such event the sa~d ag-
yregate sum meNioned in sa~d pro.^.~issory ncte then re~n3~n+n~ w~~~a~d. .•.nn ~nterr>t acu~~'d, o~id e~1 ~non.~s irCwrd hereciy, sha:I bt:tumz due and pay
ao.e forthwith, or tt~ereafrer, ai the op'~on of s.~~d M1~ORTGAGcE. as fu~~i ~„d comp:e~eiy as i1 ail oi t~,_• s~id sums of money were or~ginally s~~pu:ated
to be pa.d on suth dcy, anything in s~ d pro~n uery nore cr in !t,n '.1or:geaa ro the cont~ary ~~oi.vnhsrand:~+g; and ihereupon or thereaher at the opnon of
sa:d MORTGAGEE, wehcut no~~ce or de:,,a~~d, sv~t at law or ~n eq...t„ ti~~~refore or thercafter b~gun, may be prosecuted as if all moneys secured hereby
r:d mat~red pr~or to ~ts ~nstitution.
7. Thz± in ?he event that ar the beginn~ng of or at any n„~e pend~~~y any su~t upon rhls Mo~tgaye. or ro foredose it, or to reform it, or to enforce
;:ayment of any cla~ms hereunder, sa~d h!ORTGAGEE shai~ app~y to ~he Cou*~ l,a.~ng i~~~sd:ce.on th_~eot for the aupo~ntment of a Rece~ver, such Co~r! shail
r~:thwith appoint a rece~ver of said mortgaged praperty aii and sin3~:a•, ~nc;~d.•~g a:l a~~d s~~~g~~ar fne mcome, prof,ts, issues and revenues frem whataver
s,.:rce deri•fed, each ar.d every ef •.v!,.ch, ,t be~ng er~r^sz'y vnd_-•s~cod ~s ~er•~t~; mo~t~a:zrd as if spec:ficai~y set forth and descr~b.=d in the granring and
h~bend~m c!auses hereof, and wch Recei.rr shai~ hava a1t the brcad a~ d r{1c-c•~~e f~•,c~,e«s end p0:•.e~s in anyvv~se <r.frusred by a Cour~ to a Rec~i~er, a~d
s~ch appointment :hall be made by such Cour as an ad ~,r.r~-d eqv~r~ ond ~ r~ a~ter of atso~ufr r~ght se sa~d MORiGAGEE, and w~st~cut reference to the
,.d~qua:y er,ina~equa:, af !h~ va!:;e ef !he p+o~e~ty me,?g-.~ed e~ t^_ ~^a s:,~-~~~cy n. ,~~,...~nry of said /JiOkiGAGOR or the detendants, and thaf svch
r~•~rs, profi!s, inco~ne, issues and rever.ues shali be ap; ~~ed by such Ru,_~.e~ a.:ord,,,g to the i~en or equity of said ~AORTGAGEE and the praUite of such
Court.
B. Te duty, prompr:y and ful~y pe~tor.,,, d~scharge. exewte, effe:t, comprrte, ccrnp!y w~rh and ab~de by each and every the stipulations, agreements,
,onditions and tovenanrs ;n sa~d promissory note and th s m.r~gaye s~~t forth.
9. 7hat in the evenr :he ewnership of ~he mort~agrd pre~n~ses, or a~:y psrt thereof, becomes vested in a person other than t e MQRTGAGOR, the
S,CRTGAGEE, its successon and ass~gns, may, w~+hout nes~ce to `he ~."~O"nTvF02, dcai wi!h suth s~ccessor o~ successor in interest ~ith reference to this
o•rgage and the deut hereby secured in the sar^r mannrr as wnh '.torr~,gor ~v,rhout in any way vit:ating or d,scharg~ng the Mortgagors' liabifiry here-
;;rder or upon the debt he:eoy secured. No saie ot the ~re r.,s~s h•_reby ir.c~tgaged ard no forbearance on tne psrt oi tne ~!~'JKIInFHta[t or its wccessors
or ass~gns and no extens~on of the hme fo~ the payment of the deb' h•~re~~y securrd given by the ~AORTGAGEE or its successws or ass:gns, a:iall aperate
w re!ease, d~scharge, mod~fy char.ge or affecr fhe o~~g~r,al i~au:;~ry of ~he MGRiGAGOR herein, either in whole or in pait.
10. It is speufica~ly agreed thar time is oI the essr~:ce of th~s co~~rracr and that no waiver of any ob~~gat~on F.ereunder or of the obligation se-
~I c~~red he~eby shall at any hme ~hPre~'te~ be he~d tc be e w~i.er c4 `F~e tt~~r:_ h°rcWf w of 1he inatrument setured hetby.
~
~ 1I. in addY:c ~'o !he foregc ~q ~c~on~h'y pay~:_i~ts of pnrc p~i and i"~:~est req~,~r~d by the prom sswy norr secvred Fereb~. mwtgagor eove~aMs
j ~ agrres to ~ay to r:o-tyagee v.~rh rach mo,~h'y ~:ay:. ent a~ adcLr~onal s•~m ~s' ~ ared b; mo•tyagze to be equai to 1, 12 of r,:r an:wal cost of the follow-
f
E A-Ail real prop°rty ta~c~s ~ev:~.d cr ass•~sseu og.,:;st rh~ a::~ve de>ci~,_d r,al es•a!e.
~ 6-Prer:~vrns on fne and w~::a~;orm ~ns~~arce ts i~e~e~n raqu:red to be ca~r<<d e~ the .m,:rOVC•nc~ts s:tvate on tha above d~scribed premises.
~ C-Premiu~~ s on such moir~ ,ge g~a.anty ~rsura~ cr as n:crtgayee she~~ fre r rne to ti~r,~• d~em fit to carry on the ioan secured hereby.
f r of ihe a•~o~~t d~e and payable hereundar and such w•n shall thereupon be due and
Mortgagee she l f~om t~•r. !o t:~-;e ^cr:i; mcrty;g~r ~n wnt~ng
F : 3;able on the d~e dare o~ the ~~~rxt ~nonsh ; pay•~•^nr and e_ch s.;co~ssive *~o• th 'ne:eafr.r u~.iii mcrtgagee sha!I not:fy mortyagor of a change in such
~ ~unt. $uch sums s^aJ be app:i~d ny m,ortgay-~e tohard ti~e {,ayn:ent o~ r~~a~ prcpe.ty taxes, insu:ance prem.ums, and mortgage guaranty insurante
~ .••emium5.
~ IN \VITNE55 V+'HEREQF, the sa~d MORTGAGOR has hereu~rto sat h~s h~c~ and seef rhe day and year firs~ a(oresaid.
3 Signed, Sealed and delivered in the presence of.
; witness C, „ tt ev~? J. ernan~ , a s~s~~le
Wltl1Q55 ? (Saea~lt
~ - -
c:
~ - (Seai)
r sd~ .a i+/
~ S ~ ATE OF ~i9f~C' C ' ~
u.
w ~ JUNTY Of _~1 •.i~ C s~~~ 1
~ Matthew J. Heraan Jr.
Before me personally appeared _ ~ 8 single 8C~111t ~
~ ~O~ ta me well k~own and known to me to be
the indiriduala d~scribed in and wFw executed the foregoing instrument, and acknovvledged before me that Ihe/ executed the same for the purposes
~ rherein expresi~d~~~
rl ~~J • - '
_
~ ~ ' Deceaber , A_ D. 19~~
- ''~1(M~l~~r~Sy~d pnd official seal th~s . ~ _ _ day of__
= ~ ;o:C ~ !E
~;~~r ~-~4 c:.~L`~~s~~{'~- - -J ' ~/l"
Q . ~
_ . ~ Notary Public in and for the State of ~ at Large
_ My Commasion eapires: 1 t.fe.cic~-..~~
:~~Ll~~•' ' ~ n
~ ~ ' VFa ~ !
Firf1. vinps Loan Assoc:at;on ~ ~ I?y
~j • '•i••••-• ~}'ort P:erce.
. ~p~ . _ r:;:.,~ - f1e?3!}~ Pu*~~c
•r.,,~Pr~~Pie[ce. Fbrida ^ r A
~ . ~J ..{~..IJ~i ~ ~ :t~ L+.~..ri. 1~_1
FtlEO AM~ WtG0~DE0
_ Si.IUC;G C~UNTY flA.
This Instrument Prepared By RiCha rd K. Kayes ROC,: ~ RA5 (
First Federal Savin s 8 Loan Association C! f°1~ .~J;T CCURT ~
9 FlOrida Rcr~~z~ y-: • t,
of Fort Pierce ~
K:7
.~Ali 5 ~fl 21 ' I j
- Checked By~---------
~ - soRK~98 ~AC~157S 2z.~.s~~ .
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