HomeMy WebLinkAbout2583 3. To p~ace and .oro~nuaosiy keep on fne 6:,;.d,ngs now o~ I+errafre+ ~~t~ate an sa:~ 'a~~d a~d o~ a': eq~~~^~rnt a~~d peno~a~~y covrrrd 6v ~hls mor
ege, w th ~11 premwm~ fherean pa.d in tu:l, t~re ~^s:,~a^.e ~~+e ~s~a~ s~a~xl~:d po'~cy form, ~n a e•~m appro.ed bv ~hr MJR.v%.iitE, a~ d v.~:~ds~o
;ns~rence in the ~sual s~andard po„cy fo+m, in a sum appro•.ed by ~he !?~~RiGAGEE, in sucA co•~~pdny or com~an es as ihe :'.021~AGEE m
d~~ect; and a~l f~re a~d w,nds~cim msura~+ce po~~c~rs on ary of sa~d bu~~d,ngs, any inferest ~he~e~~ ~r part the~eoi, in ~he aggregi~e sum aroresa~d ,
in eacess lhereof, ahaH :oroain the us~al sta~~dard monga9ee c~ause or iuch o~her c~ause as the hlortga~ee msy req~•re, ma?~ng tne ~oss u~~de~ sa~d po
c~es, each ?nd every, paYabie ~o sa~d A\ORTGAGEE as ~~s ~~~erest may ap~ear, a~d cach and eYery s~ch po:~cy aha~l be promptiy ats qned •rd dt:~rrrcd ~
eny held by sald MORiGAGEE ai fu~rher scwnty ro sa~d n:oj~gage drot, ar•d, not iess than ten (i0) da,rs in ad.ance of the ex~.~~ar~on of each po'~cy. ~o d.
~,ver to ta~d MOR7GAGEE ~ rtnewai theteOf, logt~hlt w~fh a rect~pt for ihe p~emwm oi svch renewa'; ar.d +herr sh~ll be no f~re o~ w.~~duo•m ~nsu~anc
pisced on sny of sa~d bv~!d~ngs, a~y intercst there~n w part thereof, un:rsa in the form and w:~h ih~ ;oss payab:e as aforesa~d; a~d ~n the e~e~~? a~y s~~
of mo~ey becomet paysb!e undN wch pobcy or poi~c~es se~d A50RTGAGfE shall Aave ~he op•,on to rrc:~.e and app:y tne sa~i,r on acco.~nt of the ~~~dao~ed
nrss sewred hereby or ~o pcrm~t sard MORTGAGORS ro recrive and use it d arv~ prrt tne rof ior o:+~e. cur; o~~~s ~~.~~.c::' ~h~~~.>.
:r:y iny tqu~t~, ESen or ng!:t under ~r ty v;rtue of this me-'ga~e; snd in the even: sa d MOZTG~GORS sha!1 `or any reason fe~l to keep the sa~d prem~ses so
,~sured, or fa~l to de:~~er pr~mptly any of sa~d yo~~c~es of inw~ance to sa~d MORTGAGEE. or fa:: pconeptly to pay fu.:y any p:r ~,.~m there!or or in a~y
~rapect fail to perform, d:scharge, exrcure, effed, comp~ere, conply wiih and ab~de bY tn~s covenant, or any pa~t htrrOf, s.j~d M~,•R1~AG:E may p~acr a C
pay fw wch insurence or any part therrof wnho~t wa~v~ng w affecring any opt.on, i~en, equny, w nyh~ undz~ w by vnt~e of Th~s Atortgjgr, and thc
tLii amount of eech and e~ery such paymrn~ snaii be ~mmed~ateiy d~e and payab~e and sr-a~i oear ~nre~rs~ from iha ooTe thc«oi u~~t~i pa;d at :ht r;r2 ot
~~ne per crnrum per anr,~:-, a~~d rogeiher a~!h svch ~nte~esr sha~~ be srwrrd by the I~en of th.a mortgage.
To permit, tommit or suffer no waste, impairment o~ deTer~orat~on of said prope:ty ot any parl the~rof.
5. To pay all and s~ngular the costs, charges ~nd expenses, ~n~~ud~ng a reasoneb!e atTOrney's fee and cos~s of ebs+~acts of ti~'e, incur.ed or pa~d ae
eny timc by sa~d MORTGAG:E, because or m ihe evem of ~he fa~~ure on tne part oi the said MORiGAGOR to du~y, promp~ty and 4u:iy prr+orm, d~scharge
e¦~ute, effed, complera comp;y wnh and abde by each and every the st~p~iaf:ons, agree~n~r,es, cond~~~ons and covenants of sa~d p~o~~,:ssory no~e a::d ~h•s
-~o~tgage any or enher, and sa•d cosrs, cha~9es and eapenses, each and every, sha~l be immrd~atety d~e and payab:e; whrrher w not thr~e oe nor~ce d~
mand, attempt fo co:~ect or su~t pend,ng; a~d fhe full a~noum of each and evcrq wch paymen~ shali bea• ~ntrres~ fran +he date the~eo} ~nril pa~d at the
•e ~s n~ne otr canr,,•n Fer a~~~~,;n; an~ ai sa~d ccs~i. cna:ges a*~d ear~rnses ~nc~rred or pa+d, ~ogether w.~h such inre:est, ihalf ?x sxured by tbe i~en of th,s
morty~iyl.
6. Tha~ (a) in the event of any breach o1 tn~s Mo~sgage or defau~t on the part oi the MORTvAGOR, o~ ;b) in the event any of sa:d sums of money
F.ere~n referred to be not pro~npi'y and fu.ly pa~d w~thm th.rty t30'• days near a~fer Me sa--~e se.era ,y beca~~e d~e and payab'e, w~~ho~t demand oi nonce,
er in thr event each and every she st~pulat~ons, agreements, co~d.nons a~d covenants ot sa d p+om~ssory note and th s mortgage a~y M NIh2~ are na
~~'y, promplly and tutfy perlormed, d stha~grd, exec~ted. eifected co~npleTed, compi~ed w~~h and ao dcd 5y, thtn in tther ot any su:h eveM the said ag~
~~egate sum mero~oned in sa~d prom~ssory nc*e ihen remammg unpa~d, with ineere;i acc~ued, and a.i meneys sec~red hereby, sha;l txcome d.,e a~d pa;-
en e fonhwith, or thereafrer, at the o:~r,or e+ aa~d MORTGAGEE, as fuliy and co~p'e1c~Y as if ai~ of ~~•e sa~d s~ms of nwney v.ere or~g~na~ty u pu,ared
•o ue pa:d on such day, anytnmg in sa o p~o-~.uory note or ir. this ~dorlgeyr ro t!~e co+~~~a~j nota.thstand:.~g; ard there;;pon o: i~rcea'ter at ~'~t ept.on cf j
i, d MORTGAGEE, v~uhovt rtc+r~ce or dernar.d, su~t at law or ~n equ~ty, ~he:efere w therraifer brgun, may be prosecuted as ~f all moneys secured hereby f
~,_d matured pr~or to ds instr.uNOn.
7. ihat in the event that at the begi~n;ng of or at any t~me pend~ng a~y wit upon r~n Me~rqage, or to foreclose ii, or to reform it, or to enforce {
caymem of any ciaims hereunder, said MORivi+GEE sha!I apply to tnr CourT havir,g ;~-,sd.c!:cr: ~ne~eot 1or the apponrmem of a Rece~ver, su.h Coun ahali S
:~~hvvlrh appa~m a rccewer of said mortgayrd property aG and s~ng~~ar, inc~ud ~~g a~~ a~~d s~.~g~~a. ~r:e ~^co~ne, prot~ts, ~as:,es ar.d reve~,ues trom vahate~e~ f
s.-;•ce derived, each end every o4 wh.ch, rt be~ng express'y unCl@r5!GCd, ~S fereby morrgaged ss if speufeca!~y set fo+th artd desu~bed in the g~an~~n~ and
;~end~m clavses hereof, and such Rece~ver shait have aIl the broad a-~d ef~ecr.~e f~~~:~ ons and pewers m anyw~se emrusted by a Gou~t to a R~ce~Yer, a~d
s,:n appomrment shai! be made by~ svch Co;,~t a: an adnitred eq~rty and a m.atter cf a~so~~~r r;ght to sa:d A10RTGAGEE, ~nd w~rho~t refererxe !o the {
-r'_quacy w inadequacy of the va:ue of the prope¦ty mo~rgaged or fo ~he so ~rncy or ~nsei.ency o( sa~d MORiGAGOR o~ the drfendants, a~d ihat such ~
•e-~+s, protits, incane, iss~es and reYenues sha~i be app~~ed by such Recr~ver ac:ordr.,g to the {ien or eq~ity of sa~d MORTGAGEE a~d the praa~ce of s~ch ~
Co~rt.
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8. To du!y, promp!!y and f~l~y perfo+m, d~scharge. execute, effect. completc, comply w~rh and ab+de by each and every the st~puiat;ons, agreements, 1
;o~druons and covenaros ~n sa~d prom~ssory noTe and fh:s mcrtgage sef ferrh. '
i
9. That in the eve^.t the ow.^.ersh~p of the mortgaged prem~ses, or any part trterecf, becomes vested in a person other than the MORTGAGOR, the
~RTGAGEE, in successcrs and ass:gns, may~ M'tiF10U! ncr~ce to !tie :~~ORSGAOR. deal w~th such wccessor or s~ccesso~ in inrerest w.Th reterence to th~s
^ r+ a e and the debt ~ereb sec~~ed in tne sarne n:anner as w~ih Mor~ s o~ w,r~~t in an wa vit.atin or d;schar n the A1err a ori Siao~ii~ here
99 v 39 Y Y 9 9~ 9 99 V ~
~ der or upon the debt hereby sew~ed. No sa'e of ihe prerr~ses hereby mortgaged ard oo forbearance on the Fan of the /AORTGAGEE or its successeri f
o~ ass~gns and ~o extr.~s~o~ of rhe r~*:e for the payme~t of the deb` hereby sewrzd g~ven by the NsORTGAGfE or its wccessors or ass;gns, a;iail operate
ro reiease, d~scnarge, moo:ry cnange er a~Tect me or,g,nai ~:oo.:.ry ot ~ne NvK~ui+i,vK rxre~n, enner m wno~r er m par~.
10. It is spec!f~~riiy agreed rhat t~me is of the easence of fh~s conr~act ard that no wai~e* of any obl~gat;on hereunder w of the obligation sr `
c.:red hereby shai~ a~ an~ t~me rherea'te. be heid to be a wa~.er ef the terms he~eof or o? the ins~.uTent secured he~by. `
11. tn ~~d T:c :'o rre icregc -~a ~~u~th'y po~m:ms of ~,n.^~'~3• d'1d ~.:'eres' requ~red by the prom sscry ne•e xc~~ed hereby, mo:tga3~r cove~ants
d ayrees to pay to rt:o-r~egee v~~th eech mor:+h!y pa~~..eat an add.+~onai s.,m esr. rated 'oy morrgagee ro be eq~a~ to 1, 12 of thz annua{ cost of the foliow- ti
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~ A-A!I rEal ptope•ty rax~s lev~ed or assess_d a~a~•~st tF.~ aro~e desc ~b~d r_at escare.
t 6-Pre^::u•ns on Lr~ ard vv[ndsro~~n :nsc,•a~ce as ne-e:n reqv:~nd to be ca^~ed c~• the .r^Yrove~:eats s:tuate on thc ebove desvlbed premises.
f C-PreT.;u:^s o? such mo+tg:ge gua•a~:ty ~csurar.ce as mo•tgagee sha'1 '.c•r r me To e,~r,E deem fi~ to carry on the !oan secured hereby.
; Mortgagee stia ! f em t•~r,e tc t~~ne not~fy rr,c~tyager i~ w~:t~ng of the ar, o:,~t d~e and payabte hereundrr and s~ch su~n sha:l there~~on be due and
~ : 3.ab1e on the doe eaf<_ ot ~he ne:t monfh:r pay~ent ar.~ eacfi wccess[ve rco•:Th mereaftar ~nti! mcrtg3gee sha~l not,fy mortgagor of a change in such
i _ ~unt. $uch sums sha.i be a;;,:.~ed try mottgag~e tw.a~d the pay^.e~! cf rea~ prcperiy taxes, insurante p~em.ums, and mor*gage guaranty i~surance
.-~~emiums. ~
~ IN Y~ITNE55 :VHERE~F, the sa~d MORTGAGOR has herevnto set his hand and seal the day and year first resaid.
X ned. Seaied and livered in the prese*~ce of: '
; . - 1~.C [ J/ (Seal) :
. Ke~t A. Ho ~ s !
} (Seaq ~
~ _ ' ~ (Seap k
~ NOZ~1 A• HO` S t~a~)
~ ~
~ 5':,TE Of FLORIDA ~
~ ~OUNTY OF $t. Lucie - ~ ~ ~
Kempton A.
~ Before me personatly appeared ~01113 and ;
i-
~a Norma A. Hollis
his wife, to me well known and kno.vn to me to be
~ •^,e individvats described in and who execured the foregoing instrument, and acknowledged before me that they exetuted fhe sarrK fw the purposes
~n=_*ei~ expresxd. And the said N~r~ A• ~"~OZI15 -
Kea ton A. HoZlis ~~~~te and private
_ .:.{e of the said p
' e.am~nst~o~ by me taken separate and apart {fGT her sa~d husband, acknowledged to artd before me that she executed taid In+~,~eillbitt fretly and voSurr
+a-~ y and withovt any comp~lsion, constraint, apprehtn~s/~on, o? fear of or fram her uid husband. r'
3 WITNESS my hand and offic;al sea! th~a__ ~`f ~Il- day of .1 LI~Z ~ A_ D. 19 72
. No~ary Pub!~c ~n and for tfi~ State of F id~ K l~~
- My Comm~ss~on expires: ' ' ` ~ '
- Retum To: I~n,}M1( PUB~ !C, ~~TE~'FLORIDA a! LARGE °
First Federal Sav;ngs 3 loan Assoc~at,on . l~F:f'S"~'~t: EXPI~ES ~~PT. 25, 19'~ ~
' Of Fort P.t-ce dC'•:~ A.^EiKa6 E3:^~~tf5 In;,:.'.•n•~E
Fo~t P~erce. ~lorida
" F1LE0 ~.v[ ~ECORDf~
~T.l.UCIC i0UlfTY fl,~
= This Instrument Pre ared B .1o}us In~. Collins a0~~~ F:;'TRAS
P Y CIEF.~ ~~:~;,u~T COtJRT
First Federal Savings 8 Loan Associat;on RFCOR~ v~ ~':~=0~~.~
of Fort Pierce ~ FlOrida
- Checked ey - ~ M~ ~ ~n'~~
~1G.fiG'v ~7 j
b~~~( ~W ~:~ViJV ~