HomeMy WebLinkAbout0071 3 To (i A:@ a•~d .e~•,,..;o.:s:: AteC ~n r.,r i_ _~.^~s ~.:•ti c r here~rrr. ~`2.3IP cn s.: d ia~,d ard en a;~ eq.:~p:,,er.t a•~d pe~sona':y ca,rrrd b. ~F,~s mo,
nae. w ~h a!i p.e,.,,,T:s the~eon ,.a d:n t., s_ n~~, .,i.,.+ s~e ~~,•d po ci torm, ~n a s..~» aFpiO~r~ bv ~he ,tilvR ..•=.v:i. a~ .i ~Jsw
-su+ance ~r. the vs~a~ s•j~7a~d ~o cy fe•:~, ?~n, a s..~~i a;.;~ro.ed G~ thr ~1JaTGaG:E, s~:h CJ'~:Pd~~Y or cr~; an~es os the AlO~1,;~C~fE ~n
d rrc'; a~d ati fue and v..nJs~crm ~nsu•an~e po'~:~es un ~ny of sa:d bu~ d^gs. anY inte~est the~e~n or part !h<•rr.+, in the a99~cg.i~e s.,~~ atcrrsa d
e¦cess thr•eof, shal; :onr;~n r~e ~wa~ s+a-o_~d mo•r~+~re c:3..se or s_ch o~her c'3~se as me A~o~tgagee may reyu.re, ma~~~y j'+r ~~~i s'•~' r=
;r~s. each and r~ery. Da,ab:e ro sa~d ,1\JRTii4GEE as ~TS ~~~~rest mar appear, a~d each and e.ery svc~+ po ~cy s~~a~~ be p~o~, pt.y ass g..d a~ d d. ,,~~eed
e^y he~d b~ sa•d ,'NORS:~AG[E as turrha~ ac:~~~ty tc 3~•d cJ~153~2 a~ot, ar.d, nOt less than ttn l:J? days ad.a~~.e oi tne etp~•at~on O~ ca:h ro ,c~, ro d~
,e~ to sa~d .ti1JRiG:.vEE a renev.oi i~~rreof. to~e~hr~ M~!~ a r~•ce:H+ for T!,c prr.+~~u:n of a~ch ~ene+~a : a~d ~here sF,a,~ be no tre o. ...:,.:s~~ n,su~anc
c~ced on a~y of sa•d b.~~:d.~~gs, any :nrerest thr.e.n or part ti,e~rof. un ess ~n the form a~~d v.:'h ine 'css pa~oL e as a!: ~e~a~d: ard ~e ine e.ent a~~y n.,~~
money Decames payab+e ~nde~ s:ch pol~:y or ~I,uee se.d MJR!G.:~EE sh3i~ have fhe opf on to rece~ve ~d a, p:r ~he sa ~:c on ac:o., ~i of ~he ~~~.iae ,rs
^_~s~ sc::..ed hereoy or to perm~~ ~a~d MORiGAGJAS ro rece~ve a~,d use it a anY :~>~f rh.,:,>>i to• c••,. ~~:u~: ~srs ...c~ _.e •h,...:. -.o-,
an~ eq.,~ry. 1:en or ~~~hr ~ndr~ or by v~rtue of fh~a m.c•'~egr: and ~n the evrnf sa d M~dTGAGORS sha'i 'or any ~r~ion fa~l to K.~eo iF~c ia;d p~e-na:s so
s..~~~d. or fa~l to de ~.rr p+omyt:y any o4 sa~d po~,c~rs ef ~nsura~,ce to sa.d MORTGAGEf, er !a:. p~o^:pT:y io pay f~,ty any p•e.:,.;r, iherrfor or ~n e~~,
-c•s;~ect taii to perfo•m, d~sch;~~e, eR~~c~~r. e'~eU, ca~~pete, co^~,piy ,w~+h and ab~de by ih;s cuvrna^a, or any p,j•t h,rroi, s.+d rn~ai~~G_E n:ati p:ace a o
for such ~nsurante or any pa:t thr~tof ..,ihout wa~L~ng or afirc~~ng any opt,un, ~~rn. equ.ty, or r~yht u~~.dri or bt ~,rr„e of th~s Ater!ga~e, a~~d ~hc
an~ou~~ of ea;h and e.e~y such pa~mrnt ~ha!; be ~n:med~eu~y d.:e and pa~•abie and a~e.i bear ir.rer~it tro+~~ tha date thcreof unni po~d at tfie roTe o1
-:e per cenr„m pe~ ar.~u ~ and toy.:i•.;-r v,~th s~cn ~:ve•~~si sha.. :r sr:.,•ed b~ the ~ien o+ tR.s mortgi~r.
1. To pemiit, comm~t or suffer no vvaste, in•pairment or deter,orat~on of sa.d property ot any part thereof.
5. 1o aay a1i a~d smgu!a. ~he ccsis, charges and eYpenses. ~~J~d~ng a reasonab!e a+ro~neti's fee a~d cos~s of abstracts of tir!e, inc~~red or pa:d a~
r~•re by ia~d MOR1~AGcE, because o~ ~n the eve~t of ihe ia ~uie on tne ~art of the sa.d MORTGAGOR to du~Y. Pro,+pTiy a~d f~t{y Ferfor~n, d~acha.ge
_::ute. ei~ec~, c~~p:ete, co•nFty wnh ard ab d: by each and every the st~p,,,at cns, agreamems, cond~uons, and co.~e:+a=~ts of sa•d pro:~~:ssory nore a:~d it~.s
,o•tgage any or e~~her, and s.~ d cosrs, char~es snd e~~znses, eacn and e.•ery. shail be immrd~ate:y due and payab'e; whe~her or not fhere cu no~~ce dr
• 3^d: attrr.pt to co,txt or s~it penoi•n9; and the f~'I amo~nt of each and eve~y wch pa~,nrm shali oea~ lnreresi from the date the~eol untii pa~d at the
u~ n.ne per cen~„T. F..•~ a:.,.. n; o~d aii aa~d cosfs. cr,a•ges a•~d i ace~srs +ncu:red or Hmd, toyriher w~th such ~merest, shall be szcu~ed by the t~en of th~s
~.T9~~,
6. That (a1 in the event of any breach of th~s Mortga~e or dr'a.,Ir on thr part oi fhe h10RTGAG~R, or ;b) ~n ihe event ar.y of sa d sums of money
~•cin refenrd to be no~ promp~;r a•~.d T~:ty pa~d v~~th~o th.•ty :.3:r: d~~s ~er! ~•~e- the sa ~~e sc~.e•e :y beco~~~e d~e ar.d payalrte, w~tho~t dema~~d or nerte.
_ in the eve~t each and eve+y ~!~e sNpu:anons, agreements. [c•'.d••~o~ s and covenan~s o4 sa d proT~sscry note and th s morrgage any or e~+her are not
a~.v, promptly and t~!!y pe~formed, d scharg=d. exec~ted. ef}e.red comp;eted, comp!.ed w~rh ar.d ac~d~~d 5v. then in enher or any such evem ~he sa.d eg-
•:3a~e sum men!~oned ~n ss~d pro-*~~asory n.te tnen re;;:a~n~ng ~npa~d v:~th ~ncerest acu.,ed, and a.t mor.e;s secured hereoy, Shd'.I brtur.~e d~C and pay-
forrh,.rth, or therrafter, at the car~o~ et sa.d +1RORTG~GfE. as fu.cy or,3 compiere:~ ai ~f a~i of rhr s„d :u-.+s of money v.ere o+~g~~~a:ty s~pu.ated
ar p:..d on svch dev, an~th~ng m s~d p~o^~asory .+cre or ~n rn~s Mo~Tgage ro ~he conerar~ nofh,Thsfa~d~:~g: a~d *hereupon or therea~trr a> >he op~,ori of
-:i M,ORiGAGEE, ~+rthout noT~ce or demar~d, su~t at ;aw or in equ,ty, !he•e!cre or thereatrrr begun, may be prosec~ted as if all moneys sewred hereby
- ~ TdTJ(!d Pf~OC 10 ~ts ~nst+tui~on.
7. Tt,a~ ~n +he e~e~t ihae ar the beg;nn:ng of w at any t~r~e pend~~:g a~y sult upo~ rh:s Mo•rgage, or !o ioreclose i!, or to reform it, o~ to enfor~e
..^~~ent o~ any rn~ms he~eundzr, sa~d A'IORTC,i:GEE sna:; app!y to ihe Co..~~ hav~ng iu~~sd ci,en thereo4 fm +he ap~o~Nment of a Rece~+er, s~ch Co~rt sha~I
•~,hnh apoc~r.t a rece~Yer o; s~~d mortgeged prorcrty a:i and s~~gu,ar, ;ncud ^g a~~ a•~d s~~gu a~ the income, profits, issues and revenues f~o:n wh.~te.•er
s_-:e dr.~ved. each a•~d every of ~nhch. be~ng eaprcas'y ~nders+ood ~s he.eoy ~:errga~rd aa ~f spec:f~catiy set ie~th a~d descr~bed in the g~an+~n~ ar.d
~ cend„m c a~ses hereof, ar.d s;.ch Qece~.er shs:~ ha~e a,t the b*oad a^d ef~ec•.Ye tunv e:~s ar:d powe~s ~n a~yw~se emrusted by a Cou•t to a Recr~.er, a~ d
s. appointme~~t shi~~ ne ~.~de oy svch C.^.:•~ as an ad •~~~rrd @yJ~1y a~-d a ~a~re. of absowr2 r'~gn~ to sa,d MORiGAGEE, and w~+hout referer.ce ro the
_:,a~oty Or madequacy Of the va'ue of the prope~ty m.ortgeged or tc !ne so ve~cy' er ~nso:.ency o4 sa~d AtiORIGAGOR or t!+e detendants, a^d that wch
:-~s: prot;ts, mcone, ni~es and re.er,;,es sna~~ be app..ed cy w.h Reca~~er ac:ord~ng to ~he lien or eq:,ity ot sa~d MORTGAGEE and the pract~ce of such
~c..rt.
B. To d~'Y. prpmFt'.y ard fv:~y Fe~'orm, d~s:ha.ge. exec~re, e'.je:t, complere, comply w~th and ab~de by each and every the stipulations, agree;neMS.
-_~~~d:f~ens and co~enants ~n sa~o prom:ssory ne'e and th.s mor:gage srr io~th.
9. Tnae ~n ~he eve~! rhe owner5l ;p of ~he mortgaged preT ses. or a~y pan therecf, becomes vesred in a pe~son other than the MORTGAGOR, the
;~RT(~AG:E, i+s successors a^d ass~gns. may, w~fhout rc~.ce to The OR?G~OR. dea' w::~h sv:h successor o+ SvCCF550~ in ~nterest wirh ~efrrence to th~s
~gage a~d :ke drb~ he~eoy sec~~ed in tne sa~^e n:ar~r.~r as w:th :!cr~gogo~ w.thour ~n an~• way vit.atirg or d~scharg~ng the /.to-!gagors' liabii~ty he~r
.z~~ or upon tne dvbT hr.ea~ srtu•ed tve sa'e of the F•e~- ses h~-reoy mo~tgagFd ard no for5earance on tiie part of the MORTvAGEE or rts successors
_-ssl~ns a~d no e.ters:on of :he r.:.,e for tt~e pa.-ne^t o~ she drb~ he~e~y sewred grv~n by the MORIGAGEE or its wccessors or ass:gns, ~~~ail ope:a~e
:~e~ease, d.scharge, mod~fy change o. affecf the or~~.nai 5a~.:.f~ o' ine haCRTvACAR here~n, either i~ who~e or in part.
]0. It is spec j~ca:,y ag~eed shar ~,me is of the esser.ce e! th~s co~tract ar,d that no waiver of any ob;~ga~:on hereunder or of the ob!igat~on se~
~~d hereby s^al~ a! an~ r~n,e rherea',er be he:d to be a vca~.er of the terms hereof or of the insrrumem secu~ed herby.
11. In aod'~..-, •o ~he ie*eac ~g +ro^th ; paymer.rs of ~~r.c pal and in•e•es~ req:;•red oy ihe pro~r. sscry nc~e se.u~ed her:b~, moctgsgor eovenants
~ ey'^c5 to ;,ay ~o ~^c-T~ayee +..+t~ ea:^ ~~~•h~Y pa.• e•:T ar acd.~lonat s::~r. ~s' - a•e~ morrgagee to be equai !0 1 12 of t;~~e a~~~~uai cost of the foiiow-
i
A-Alt r~al prope~e; tati:s ~e:~ed o. assess_d d^y3i'~5• t~e above desc•~b=_d r_a! es'ate.
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6- Frr•~ ~•s c~ ~~~e a• o n:•:dsr~•,., ,rw~a-ce as ne•e~n r.~q,;.red to be ca•nFd en t„_ .r';;roveTe~tS s.tvate on the above d-cscr~bc-d premises.
+ C-Ffe~•,u:~s on ~.__h morr^y>ge g.:a•anty ics~~a~.ce as mcrtgagee sha~; !rc-*~ +~-e to t:~ne deem fit to carry on the loan secured hefeby.
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~ Mo~Tg~gee s~~ '`•c•~• r~--,e !c ~'e ~c'~~f. me•~~agc• ~n ~.v•:t~r.g o~ tne a~-~o.,~t d~.,e ar.~ paya5te hereund<•r arid such s~~: sha:! tnereuFron be ue an
; ._r~e o~ ~he d~e ~ cf . ~.T mo^!~.~ par-ne~t and e~ch s~.cesswe ~octh !~.erea4t~r uc!i: mcrtgagee shal! ;.ot;fy mortcagor of a change ~n wch
} %n'. S~ch s.:-r.s s~~.' ::e a,.. ~~'a oy mc~:gejze ro~a•d tne pay~r.ent of rea' p~o;~erty taaes, insurance p~em,ums, and mo~tgage guaranty insurante
' ^ ~JTS.
~ lrv `:NTNE55 :tiHEREOf. tne sa~d NtORTGAvO~ has hereunto set h~s ha~ d and s•_a: the day and year ffrst aforesa~d. ~
~ ned, Sealed and d ef i the p~ese~ce of: / j, ~ ~
~ ~ r `j,`r y . . !l~ 1 Seal>
" - rv n .
~ ~ Q ~ ~ M (Sea!)
~ '
~ mma e r cseai)
~ • • ' tsea~~
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='~TE OF fIORIDA
~ ~
~ _".._~'dTYOF SL. I.11CIP I
~ Befwe me personai~y appeared _ M2?ZVlfl Richardson a~
~ Emma .JeWell R1C}ldZG~50i1 - his wi(e, to me well known a~'~nown to me to be
u~ _ ind~vid~a:s descrioed in and who executed she forego~ng instrument, and acknow:edged before me that they exe`yted~~ fq the purposes
Emma Jewell Richardson i'?~~'
re•e:n exp~ess=l. And the said_-_~-_-
s ! ~
. ~
~ r. °e of rhe sa:d Fta TV ln M. Ric ha rdson _ a i ~nd priv~re
~ Mu ~r~j ~ ~C
~ ._T,•na! on by m. s>4en sepa•are and apa~t from her sa~d husband, acknowiedged to and before me that she eucyte{ sp?tl~ t ~i` ~t t~/-and volum
`v_; J.~ and w.rho~t any co^•pua~on, cor.s+ra~nt, appieh~s.~`nS,~r fear of or from her said husband. , J ' ; =
WITNE55 my hand and off~dal seal th~s_ - ~ _ day cf an ar ~ = t,' tin~~~4~,- J~ D: 19 72
~L_1'.~~~~ r ~
Notary Pvolic in and fpr;~ 1~Jif of joridD'a~ arge
My Commission expires: '
f
Rt,~,,, to: NOTARY ,~y?j~a ct.oaio~ie u?acE
~~rs} Federal Sa~~ngs d loan Aaso:~ar.on MY CQI~M M~EJfP1RES SEPT. 25. 1975
~ ; ~ , BondeG By-Jlq~ritan Bankers Inwrance w.
F~.f z.~~._r. F 13 FIIEL :.~e ~~eoaoEO ~
~ SL WCiE C.+LNTY FLA-
~ RGGi? ~ ~sTRAS
CLEp!~ C'':CUti COURT
~ ac rf;p`. :i ~ .F.tD ~
This Instrument Prepared ByR1Cha rc1 K. Kayes 34 AN ~ 1~
= First Federal Savmos 8 loan Asso:iation J~ ~l~
of Fort Pierce, Floricla 2~:~r~~s I
- Cnecked nY
BoflK ~y9 ~1
_ _ :
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rr r . . . . . - _ _ .