HomeMy WebLinkAbout0073 3 To p:ace s~d co~r;n~c~s ; i~eeP on fhe b.. .i,~ ~s x or kercatrer a,t~.nre on s.~ d land a~d on a:, rq.~:~:",en; ard perionslly covc•cd 'ur• ~h;s +^o'
ear, w rh at! pre^,:u,~s !I~~reon ~.a d~n fu.i, f.re s,~a^c~- ~~nr ..s.,.i~ st~~»ard ~I tY form, in s s+.m aH~~o~ed br tht ~1QR•.~:.v,:. a.f ,n~nJsto
.,,ra~;e in th~ vsua~ s•a•~da~d po cy fo~m, ~n a s~=~ a,.cro.rd b~ ~he MJRiG~1GEE, su:h tonpany or co•~~; an.es as ~he J~Z~~a~rE
d~~-c~_ and ail F~~e and w:ndsfor^+ ~ns~•ance ~o'~c.cs en any oi sa~d bu~ d ngs, any ~nterest therz~n or ~.a~t thereof. ~n ~he a9y~•~9~'r s:~~~ dtJraS3,d
e:cess fhrreof, s!~al{ ;ontain ~t,r vs~zt s+a ..s~d mo:~~3gre c a~se a~ su:h o~hrr c~.+~se as the Mor~gagee mey reGu.re, ma?~ng ~he ~^~e ~ndrr s.. d fw
c rs ea:~ and e.ery, pa~3~'t ~o sa~d ,~tOR'v4GfE as ;n ~~~icrea~ may a, pea~, a~d ca:h and eve~y s.~:~+ p~ ~Y sha:i '~e p~~x+~p~~Y ass g~~<a ~~~d dr ~•~•rcd
a-., he~d by sa~d h10R1GAGEE as f;,r~her s_w~~ty ro se~d ^ oat3a~e deot, a:~d, no~ ~ess than ten (10) days in ad.ance ~,f ihe exp~~a~~on of each po ~c~, to d.
.rr io sald !110RIGAGEE a rene~ai rhereof, toge~hrr w,fh a re.e pt tor ihe prr•~~um of such re:~e+ya:; a:~d ~i~rre sh,ll be ro f,re o~ .:s~o <n ~~,s~~a''~
c'eced on any of sa:d b~~!d~•~gs, any inferest tne~e,n or pa~~ rhrreof, vn'ess +n ~he fcrm a•~d .rrth ihe ~oss payab!e as a!ortsa~d; o~d ~n cF,e e~enT a~y s~^.
c4 ~no~ey becomes payab,e under s„ch pol~cy or poLc~es sa~d ,ti~.ORTGAGFE sh~il have ihr opt,on ~o reca~~e a~,d apFiy tnz aa:~~r o~ a::o.,~~ 04 tnr ~~~.ia~~~d
- ess secured hareby or to permrt sa d MORTGAGORS to recri~e a^.d i~se it or ar.y part mr~eof fio+ c~h.r ~:u~.ose•s ~h
any equ.ty, i:en or right under or by virwe of tha mor.ga~e: and in the evem ta.d MORiGAGORS sha!I for any reason fa~l to ~eep ~he sa;d pcrn,:s:s so
~s~r,:d, or lall to de`.~ver pron,pity any of sa.d poi•c~es of ~nsurancr to sa'.d A10RTGAvEE, or ta~: p'omptly to pay fu.ty any pre+~~~`n then•tor or in a~y
r~s; ect iait to perform, d~scha~ge, execvre, effe,t, comp:eTr. co.r.p!y wifh and ab~dt by th~s tovenanr, or an~• pjrt hcrrof, s:+~d htJRT;,:+G:E ~~~a~ p•aca a a
p„ ior s~ch insurence or any part thereof wnhou~ wa~v~ng or aitecting any opt.o~, Gzn, equ,!y, or nyht ur.der a b~ ~~rt~e of th~s ,titerfg.~~e. and ~tic
a~t~ouro of each a~d e~ery s~ch payment sha~t ce~fn~ned~atp~y due and payab:e and tha~l brar interest from ~ha d~te theieoi ~nt~l p~~d a~ ii,e rate ot
.e prr crn•um per arnum ond to~rtrtcr ~nrt#~ sucn ~nte'~st sha~, be sr:~red by the iien of th~s mOrtgage.
I. To permit, commit or suffer no waste, impairmtn! or dettrioration of sa~d property o~ any part ther2of.
5. To pay ail a~d s~ngu~a~ ~he cos~s, charges and exptnses, ~nc:~d~n9 a reasenab!e a+romey'a fee and costs of abs~~ads o! ~~+~z. incuned or pald a+
. i~re by sa~d MORTGAG'_E, because or ~n ihe event of the is ~ure on ~hr pan of ~he sa:d MORTGAGOR to duty. pro:.~ptly ar,d f~.iy ~;ertonn, d~scha~qe
.,~Te, effect, comp;ru, comp!y w~th a~d ab.de by each and eYery ~he st;pv~ai~ons, ag~een,enis, cond~twns, and covenants o~ sa.d pro:n:;sory note a•~d ir.~s
-~;,•rga~r any or enher, a~-~d sa.d cos~s, charges ar.d eapensrs, each and every, shait be ~mn•.~d~etr!y due and payab:r: v`hether or not ~herc '~e nef~ce da
~•~d, atte~npt to co~lzcf or suit prnd,ng; and the fu!1 a~nount of each ard every soch paymrm shali bea~ ~nrrres~ from the date the~eof uro~1 pa~d at N,e
o° r.~ne cer cen:~m F.er a~~~... an~ a~l sa~d cc~srs, cha~ges and cx:~er.ses ::xurred or pa~d, toge~her .rnh such ~nterest, shatl be srcvred by the iien of th~s
o+sgage.
6. That (a) in the event of any b:eacn of th~s Mortgaqe or defauit o~ tF~ part of the A40R7GAGOR, or ;b) in the eve~t any of sa d sums oi money
.~c~n referred to be ~ot prompi~y and f~uy paid w~thm th rty ~,3~% days next a•rer the sa~ne se.era':y be.o~*~e d~e and payable, w+thOU. d2+ndnd o+ noncr.
c! in ~he event each and e~ery ~he st~pv~ano~s. agreements. co~~d:~~o~s and covenants o! sa d promiisory note and ~h.s mo~tgage any or e~~he+ a.e noi
prompfiy and fu,~y ,xifo~~r.ed, d ui,arged executed, effected, compiered, compi~ed Y.rth and ab~ded Sy, then in eeher or any such event the sa~d ag-
~a~e sum menr.oned in sa~d pran~ssory ncee ~hen rema~~~n~ ~npa:d, wrth ~ntere;t acc~,,ed, and a~l mo~r,s sewre~ hereby, shat! become d~e and pay
icrtfiv.:th, o~ thereatfe-, at the opnan ot sa,d A'IORTGAGEE, as fu~~y and comp;ere~y as if a:l of ~he sa~d s~ms of money r.ere o~•g~na:ty at:pu.afrd
• pa.d on svch dev, a~yrr.;ng m sad p~o~~.uc.y nore or ir+ ~hls Mo•tgagr to ihe conr•ary• nor~.~thstacd.~g; and ~hereupon or therea~rrr ar ~he op+~on of
~ MORTGAGEE: w.rho~t no+~cr a+ demand, surt a~ ~aw or m eq~dy, the~efore or therea!ter beg~n, may be prosecuted as if ail moneys secured hereby
~ matvred pr,or to .ts ~nstit~t~on.
7. 7hat in the ewe~t that at the beginn:ng of or at any t~me pend~ng any su:t upon rh~s Mo~tgage. or to forec!ose it, or to refarm i~, or to enforce
.,..~-,ent of any ca~ms he•eunder, s~~d MpRT'vr.GEE stia:! a~p~y~ to she Cou.~ ha.•~~-g iu•~sd.cr.on th~:eof tw the appo~m~nent of a Receiver, s.,ch Coun sha~f
••~,n.rh appc,~~t a rece~wer of sa.d ^:erigegc'd prOperty aii and s~ng~.ar, inct~,d ~~9 a,i ar.d s:n~~'ar tt~e ~r.come, p*of,ts, iss~es and revenues from v,~hatever
, •ce der~~ed, each a~.d e~ery of vvh.ch, ~t tx~~~g express~y underscood ~s Fercby mor~gaged as ~f spec~f~ca~:y set fo~~h and deacnbed in the g~am+;,g a~~d
e~:d,,m c:a„ses herto~, and such Rece~.er sha,~ hare a:l ihe b:oad a•~d effecr:~e f~nct o~i ar,d po.1ers in any~n•~se entrusted by a Co~~l to a Rec~i~er, a-•.d
3ppolnfinenT shs~: oe n.ade by s.:ch Ce.:~t as an ad ~:~rad rqc:ty and a r. atte~ of abso~u+e r~ght to sa:d MORiGAGEE, and v~~ihcut refere:ue to the
_scy or i~adeQvaty of the vawe of the prope-ry mO~Tgaged or to fhe soven~y o~ ~nso:vcncy. of sa~d MOR~GAGOR or tnr defr~~dan+s, and ±h;t wch
•s profrts, ~nco.ne, iss~es and rever,~es sha~i be appued oy such Receirer atcord~r.g to the iien or eqwty o1 sa~d MORiGAGEE and the practice of wch
~=_rt.
8. To d~:y, premp!!y and f~l~y pe~io+m, d~scharge, exewTe, e;fe:t, ce-npiete, comp:y w~~h and ab~de by each and every the st~pulations, agreements,
a.~~ons and co~eranfs ~n sa~d prom:ssor f ne~e and th:s rttptt^yd~? se~ forth.
9. That in the e~e~t the owne~sh;p of the mortgaged prem:ses, or any part the~eof, becomes vested in a pe~wn other than t!+e MORTGAGOR, the
_'RTGAGEE, ~a s.:ccessors a~d ass,gns, may, v.:rhout nc~ ce to t~e ~'•O~'.GaOR, dea: w„h :ucn successor or svccessor ~n ~ntereu wnh reference ro thia
:,•cgage and ihe d>b~ hereoy sec~red in the same manner as M~~h Alorrgagor •,v;thout in any .vay vit~ating w d,xharq.~g the ldor.gagori liao~I~ty he~e-
_=er or upon the debt nereb~ sec~•~ed No sa;? o; ~~:e Fre~. ses h<~eby mo~tgaged a^d ~o fo~beara~~te on the part ~ ~ t!~e ?JIORiGAGEE ~r its successors
,ss,~~s and no earens~on of the t~me for the pdympnt pi tne deb+ ne+e5y sec~red given by the MORTGAGEE or its wtcessors or ass:gns, a~~all operate
= re~ease, d~scharge, mod~fy change er a4fect thr origmal Gab~:~ty of the MORiGAGOR here~n, either in whole or in psrt.
10. tt is speofica~~y aa~eed ~hat t~me ~s of the esse~ce of th~s convacr and that no waiver of any obi~gat~on he~eunder or of the obfigation se-
_~-d hereby sha':: at ary rme mereafter be he,d to be s wa~ver of the terms ne~eof or of the insrrumero secured herby.
' ! 1 In a;i~ r.~- ~o ~he fo+eoc g•~o^+h y ~ay-r:on of ;,~i^c pai and ~nrerest req:, ~ed by the prom sscry no~~ se::~red hereby, mortyagor covenants
~ aa*e_s to pa~ To ~^o•~ya~ee ~r.~:h each ~-o~'h y ra,~ e~t an ;ad ~~onai zum est • ated br morrg~gee to be equa~ ~0 1_ 12 of the an^ual cost of the fuiiow-
~ A-Ai! !Ed' CfGpfnv taazs !e:~e~ o+ asses~e:i ag~~•~sr iF.~ abo.e dtisr~~rd r;:at esra!e. i
B-PreT ~-;s on Gre and ,i.indscorm ~ns~ra~ce as ne*c~n req~ red to be carneo on ttie tmproveme~ts s~tuate on the above desu~bed prem~ses. i
q C-Prer-~~,,^ s o~ such m.c~!~~oz g~ar~r,ty irsu*a~,ce as mo•tgagee sha,l froT +~^e ro t~+ne deem fit to ca:ry on the +oan s^cured hereoy.
r hlor!gagee s^o.~ `.•om t~~r.e to t.n;e r.e!~f~ mcrtyagcr ~n wr;t,ng of ihr a~~o~~t d~e and payable hereunda~ and such sv~~ shail thereupo~ be due and
; .-e:!e o~ !he d~e ea•e of ~n= ~_xt ~onth:~ paymem and e,:ch successive TonTh thereaftzr ~r.tii mertga3ee shall not;fy mortgagor of a change in w;h
~ Svch sums s+a : be ap~~ ~ed oy morrga~~e toha*d rhe payment of rea: property taaes, insurance prem.~ms, and mortgage g.:aranty insurar.ce
~ ^'~JTS.
~ ~N :r1Tr~E5S ::HEREOF, the sa~d fAORTGAGOR has he.e~nto set his hard and seal the day and y ar first aforesa~d. ~
'~y~ S~gned, Seafed a~d de ivered in the p~esence of:
C•~/ / (Seal)
~
Ce~ t.
~ r ran . ~seai~
1. ' ~
C fsC-Gl~~ G ~ ~ o ($ebl)
~ i~' ~y ' ~ (Seap
~
~ = ~ E OF FLORIDA 1
~ St Luc ie ~
` :J.'JTY OF • (
~ Race, Sr.
~ Before me personally appeared Fzank W. and
au;
~ Dorothea E~ Race his wi(e, to me we!I known and known to me to be
~ - .
~nd~~~dunts descr~bed in and who executed the fwegoing mstr~ment, and acknow;edged before me that they executed the same for ~ke purposes
~ ~_•ein expressed. And the :3~d- _ Dorothea E~ Raee
Fzank W Race.
; FA of the said - • Sr . - W~,~ L~~^7~
= .,~.,•nat~on by me ta~e~ sepa.ate and apart from her said husband, acknowledged to and befo.e me that sfie executed said irtiti M~
.~~:'~vv6'v~-
_~.y ar~d w~fhovt any compu~sion, constra~nt, apprehens:on, or fear of or from fxr said husband. _ r'~ =
~;x ~Y~TNESS my hand and offiual seal this_ oL!
u~! -_.day of Januarv ~`:•~_~~N
. ~ ~ .c -
_
~ Notary Pubiic in end ior the ate o9 .,~~~v~ ~ :
' ~ My Cammission expires: ~ = p =
_ Ret~rn To: ~ • ~~Q ` E~ •
` ~ust Fede~sl Savin s 3 loan Asm~ar:on . . , 1~ y""~~ fj{
a ~OTARY F'I;B_fC. SiAiE o1 fLORlpq ~~~E
~ p. TAT E
Ot Fcrr P c•ce k?Y COMNISSi'JN XP ~''~•nn~~f~~
E IRES DEC. 29. 1975
= FGr~ Pi.,~ce. F:enda ~--orQeO Thru <;cnerallnsur~n« UnOerwrit~rs.
3
FILEC 4y0 PEL'GRDEO
ST.IUCiE COUNTY FIA.
: This Instrument Prepared By RiCh~~rd K. Kayes ROGi~ P^+TRAS /
r: f+rst Federal Savings 8~ Loan Association C~E??. C:' ^•1it COURt
RFr~cr' y~_ r rp~
of Fort P~erce, Florida '
Cnecked BY ~ f I 34 AM ~7~
~
~S~
BCOM,
~ 199 ~~E 73
- Y ~
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_ _ . . - _ . _ . _ _n . e~.