HomeMy WebLinkAbout0069 3. To piacr a~d connn~ouiy ?eep on the t~~ d~~•gs nc~w o~ herrafrrr a~tuate on sa•d lar.d and en a!( eq.,~p,nent ar.d persone~iy tovered by th~s mor
~3r, w:rA atl p~@m,~~es rhrreon pa d~n f~1t, },re ~»su•a~u~ .n ihe ~s..al sror.d~~d ~w'~cy form, I~ a e.~m aHpro.ed bt ~h~• ~1JR,..:.:,' E, a~ ,f v.,•~ds~o
nsurancr ~n thr usua! s~andard po:,cy lo~~~~, in a sum a~:p~o.rd by ~he MJRTGAGEE, in such compa~y o~ co:.~ran,ea as ~r,e 1..02~,~~GEf m
d,recr, and all fire and w~nduorm ins~~an~e po!~c~es on a~~y of sa~d b~~ d.~gs. any )nrore~~ fhe~e;n ur part thereoi, in ~he agg~•-gare s~~~~ eto~esa~d
eacess Ihe~eof, sh,,;1 con~ain the ~s~at sta~~d~~d mo~~9agte c`ause or wch o~he~ c'3~se as ehe Mortga3ee may ~ea~.re, ~~~ei.~~.y thr :csa ~~:dr: s: J;.w
: rs, each and every. DaraS~e to sa~d A1JRTuAvEE as ~ta uverrst .nay appear, and each and e.ery such po:,c~ ~hall be promF~:y ass q•~cd a~:d d.~.~vcrrd
eny hrid by sa;d ~NORIGAGEE as funher secu~ey io sa~d n•octgage deot, a~:d, not lesa than te~i l!01 days in ad~ance of tha exH~~ot~on of ta:h po ,c,r. ~o d.
:.cr to sa~d r10RiGaGEE a rznewat the~eo?, tu~e~hrr with a rece~pt for the p~e~nwm oi wch rznewa!; and ~hece shait br rc f,re or ~~.:,.1uo•~n r~wran~
p'aced o~ any of sa~d bu~:d~ngs, any ~nferefi there~n or parr thzrroi, ~n;css ln rhe form a•~d w,rh the ~oss paya~!e as afcresa~d; and in thr r.e~~r a•+y s~~:
oi money bFCO~nes payabie under s~ch pol~cy or paLcies sa~d h1JRTGAGE[ shall have she opr,on io rec~~~.e and app'y tiie sa~ne on ac:ou» of ~he indruf,d
r..~as secu~ed hereby or to perm~r sad MORTGAGORS ro rece~ve and use it or any n.~~t th.e:rof fer orn~•r p~~~~s~-s. .~._r•,-._.t +h~•..,. ~.r ••.p..~•
:~3 any equ:ty, l;en oa .~ghr undr~ or by v~rrue of th~s mo:~gage; and i~ ~he event sa.d h10RTGAGORS sha!I Eor any reason fa~l to kcep ~F~e aa~J p~em~s~s so
~+surrd, or fail to de~~ver promp!ly any Of sa~d poi:c:es of insura~ue to sa~d MORTvAGFE, or fail p:omptiy tp pay fu.:y any prc:n,:~n thcrcfor or m a•~~
-es~ cct f~il to perform, d:s:ha~ge, eaecu~r, effect, ~omp:ere, co ~ip7y wirh and ab~da by th~s covena it, or any p3rt hr~eof, s••~d h~vR i:~.:GEt +nay p:aca a~o
pa, fo~ su:h insur.,nca or any part iherzof w~~hout Naiving or affect~ng any op~:on, lien, equ~~y, or n~h! u~~dcr or by virtve of ih:s hlortg~ge, and ehc
~'I amo~m of each and e.ery s~ch papmen~ sha'~~ be ~mmediately d~e and payabte and shaN hear inrerest trom tha date thereof unril p~+•'. at ~iie rote ot
^~e pe~ cen~~m per annwn and to~r~her hith wch ~ntrr~•u sha„ he secured by the Iien of th~s mor~gage.
d. To permit, commit or suffer no waste, +mpairment or detenoranon of sa~d p~operty or any part therco4.
5. To pay atl and s~ngula~ the costs, charges ard expenses, ~nciudi~~g a reasonable attwneY's fee and costs of abstracts of tit~e, inturred or psid at
tirr.e by ia~d A10RTGAGEE, because or in the event of fh~ (n,i~re on ihe par~'ot the said MORiGAGCR to duly, pro~»prly snd f~;Iy ~rtorm, d~xherge
_~c~re, efiect, comp;ete, tomply w~th and ab:de by each a~d every the stip~ta:~ons, agrecments, cond;t~ons, and covenan~s oS sa~d pro~nlssory note a+~d th~~
_.rigage any or e.iher, and sa.d costa, charges and expenses, each and every, shail be immed~ately due and payab:e; whefAer or not rhere be nol~ce d_-
a:ternpt fo co~:ect or wft pend:ng; and the !ul! amount oi eath and eyery such payment shatl bea. ~nterrst from ~he date thereof unt~l pa~d at ti:e
u` ~~~ne per crnr~m per anno~,; and a~l said ccs~s. ci,a~ges a~d cape~~ses irxu:red o~ pa~d, toyether wdh such interest, shall bt secured by the i~en of th~s
.,orrgage.
6. That (a} in the evem af any breach of this ,No~tgage or default on fF,e part of ~he h',ORTGAGOR, or ;b) in the eveM any of sa:d sums of money
~e~n referred to be not pru~*,prly and fu:ly pa~d wnhm th.rty ~30; d3ys nr~t a•r_~~ the same seve~a:iy ~ecomr due and payab!e, withou~ de:nand or nonce,
ci i~ thr eve~t each and every the atiputa~~o~s, agreeme~ts. .ond~;~ons a~d corenants of sa d pro~n~ssory ~ote and th~s mortg3ge any or either are no~
i., y, prOmptly a~d f~lly performed, d.schargrd, execured, eftected, completed, compk,ed w~fh and ab+ded 5y, then in e~aher c! any wch evem the sa:d ag-
7•~'ga!e sum menboned in sa~d prOm~ssory r.ote then remaining ur.paid, wdh ~ntErest atuued, and ati moneys SeNred htreby, shall occome due and pay
e forrhw~th, o. ihereafrer, at rhe opnon of sa.d MORTGAGEE, as f~ity and comp;e~e;y as if aii of ~he sa~d sums of money were or~g~naily sr.p,.a~rd
~ pa d on such day, anything m sa.d pre:n ssory note or ~n thn Mortqagr to the contrary no~ vnhs~and~ng; and ~hereupon or thereaite~ at the o~~~~o~ of
s- d MORTGAGEE, w~thout nohce or drmand, su~t a~ law or in equrty, therefo~e or ti~ereafrer begun, may be p~osetuted as if aEl moneys sewred hereby
r. d matured pnor to ~ts inSlitut.on
7. ihat fn the event iha~ at ihe beyinn;ng of or at any t~me pe~d~~~g any s~;t upon this Mo~tgage, o~ to ioreclose it, or to refc,rm it, or to enforce
;~:^en! ot any ci~lms he.eundrr, said MORTG~GEE sha:I apply ~o the Coun hav~ng ~w~sda~en thereof for the ap~o:ntmenr of a Rece~ve~, such Coun shaJ
!~~w~rh appe:nt a rect~ver of s3~d mortgaged property ai( and singular, ;nc{ud ng a~l and sing,,.ar ~i,e income, profrts, is~ves and revenues from whitever
s_•ce den•.ed, each ar.d eve~y of wh cn, ,t be~ng express'y unde~scood, n ke:ei>y morrgaged as ~f spec.i~cally set forth and describrd in the g~ant~ng a~:d
endum cca~ses hereof, and such Rece~.er shau have a7t rhe b.,:ed and effec':.e fu:ur o~~s and powe~s in anyw~:e entr~sred by a Co~~t to a Rece~~er, a~,d
s.n appointme~:1 ahali be made by such Co~r1 as an ad •~ittrd equity and a n.atrer of absoluie r~ght to sa~d ktORiGAGEE, a~d wi~hovt ~elerence ~o the
a t:avsty o~ inadeq~a[y of the vatue of the proprrty mongaged o~ to tne so.vrncy or ~nsowency oF sa~d MORiGAGOR O+ the detendants, and that s~ch
°•~•s, prof,ts, inco.ne, issves and re.enves shaii be app~~ed by such Retr~ver accord,ng to the I~en or eqwty ot sa~d MORTGAGEE and ihe pracnce of s~ch
to~rt.
8. To du'.y, promptiy and f~,;iy periorm, d~scharge, execute, effect, complete, comply with and ab~de by each and every the stiputariont, agreements.
_~~d~~ions and co~enanrs ~n s~:d prom~ssory nore and ~h,s mer~gage srt fo.th.
9. That in the event the ownersh~p of the mortgaged pren,~ses, or any pa~t tF~reof, becomes vested in a pe~son other than the MCRTGAGOR, the
:`RTGAGEc, ifs successorl and asigns, may, w[+ho~r noirce to rhe Y,ORTG+~OR, deal w~th such successor or svccessor in mterest w~~h .eferer.~e to th,s
.•+gage and rhe debt hereby sec~red in the same r±:anner as wSrh l.;orr~ago. w:thoui in any way vii:a~i~g or d~scharg~ng the hior:gagori Iiab~Lty here-
:.-:der or u~on fhe de~t heceuy secured. No sa:e of ihe Fre~r.~srs h~•reby mo~tgayed and no forbearance on the part of ~he ?~021GAGEE or its wccessors
z~s:gns and no extens~on ot t!~e t~me for the payment of the debt he~eby sec~red g~ven by fhe MORTGAGEE or its successors or ass~gns, a~~afl operate
~o re~ease, d~scharge, mod~fy char.ge or affect the or~g,nal I;ab:i.ry of ~he MORTGAGOR here~n, either in whoie or in pa~t.
10. It ~s spec f~cally ag•eed ~nat time is oF the essence of this contract and that no waiver of any ob!~gat~on hereunder or of the ob!igation se-
~.:•ed hereby shali a• any timc thereaher be he!d to be a waiver of the terms hereot w of tht instr~ment secu~ed herby.
11. In a;id T.~„r-~ !o The forrgc rno^thly pay~n=n~s of p•inc pai and inr~rest requ~red by tne F~rom~sscry n~•e secured herz•b/, mortga3o: covenants
: agr_es to paf ro ~~•o-rgagee v~~th each r,o~rh~y pai~:~erv an adJ~~~onal sum es! n,ared by mo:tyagee to be equal tu 1, 12 0( ttie an:,~a{ cost of the fo~iow-
i
A--AIi rEa! propery taxrs lev~cd or assessed ag_3i ist the a6ove descr~~~d rea( e:rate.
i
8 Fr_-•~ ~,,•r.s o~ I,~e and vv~ndsto'rn ]nsurarce as her~7n req~..ed ~o he carn~~d cn ~hr ~mrrove~ne~rs s:tuare on the abovc de:c~~bcd prem~ses.
C-Pre~~. uc^s bn such rcort~;ge g~arjr,ty ;nsura~:ce as mortgagee shail frcT r~re ~o t:rne deem f~t to carry on the loan secu:ed hereby. ?
Mo.tgagee s^_:: 'rcm r~:ne to nme notify mengager m wr~t~n9 of tne a•~ou~t d_~e and payable he~eundtr m~d such su~i sh3N thcrzupon be due ano
~.3b'e on thr doe dare of eh~ ~;.•.r month: f paym.~nt ar.d each successrve mo^rh rhereafrer uc+ri mengagee shall not:fy mortoaqor ef a change in wch
mt. Such s~.r.s s~•~ ~ be app ~ed by mortgagee toward the payment of rea~ property taxes, insura~ce prem:ums, and mortgage g~aranty insv~ance
. ,_•n~u~ns.
; N:`11iNE5$ YiHEREOf, the said MORTGAGCtt has hereunro set his har.d and seal the day and year first aforesaid.
` ,~~~g ed, Sealed and deli red n the presence of:
~ ~ ~ _ 7 . P_ ~ i a~~
~ ~ , ' { A csea~~
1 c.f.~ ~ii cc .C l~• ` • ' ~
; ~ ~ ~t ctd (Seal)
~ - ------r-- . - Ci82~0 . Al'll~l~@ii1S (Seaq
' S:ATE OF FLORIDA ~ ~
C
3 ~~UNTY OF - Sti. 1i11f~~A ~ SS. .
Befo.e me personatfy appeared JS1~88 B. ALI~'AX3 a~
_ ~3rOly~1 'T, ~t'l~~il3 his wiie, to me well known and known to me to be
!~~e irxl;vid~als describet! in and who executed the fwegoing instrument, and acknow~edged before me that they executed the same ~or the purposes
~ ~4?•ein eapresaed. And the said_ ~i81'OZyl1 t~• ATIdI~il3 • ~ ~
; -
re of the said _ ~_~a![r98 B• ~dP6N9
; vpGn ~pa r~f~ and piivNe
•~m:nat~on by me taken separate and apart f~om her said h~sband, acknowledged to and before me that she exet~ted said ~~r11 .~s1y aqd vOlum
$ and w~thout any compulsion, constraint, apprehenslon, ~or.fea~ of or from her wid husband. 4J • r••••^••
WITNESS my hand a~d offic;al seal thls_ day of~ _ JgAt18 ~"~~'d
. . ~
. I~ ~ ' ' ^ ~;s
_ , tary P~blic in fpr t St11Q ~ oi~i~ ~f~~ C=
= My Commiuion exp;res: ~ w t~` • t-
• v -
~ R~~~,~ fo: - • ~ ~ \
Z 'T :
~+^Ii.RV PL'B:.iC. STATE of FLORIOA~t~AR~"s ~
~ F~rst federal Savings b Loan Aasociahon ~
: MY CO!+MISSlOI EX~In^ES ~EC. ~ ~~~Q~E ~4?.,
3
' Of For~ P.crce Bond~O TA~u Geaer~l lnsur~~ Untl~rwrr
fort P,erce. Flu~~di
..•i~t11111~~
~ FItEO RYC 9fCORDEO ' ~
~ ST. LUCi~ ~Q;;NTT F~~_
~ This lnstrument Prepared By J, ~ R~y~ ~ r=~: 4AS `
: H Roberts, Jr. c~~Rr. c. .~,;r cov R T 7'J~
'rirst Federal Savings 8 loan Asso:iation FFr~kr' •/r.' ~
~ of Fort Pierce ~ Flo rida
' ~ f I 3~ Ah'T1
_ Checked By _
= ~:~sss
- 8~~~ 1y9 PA~ 69
- 1~S