HomeMy WebLinkAbout2368 3. To p;ace e~.d co~r:noo:;vy ?eep a~ thc b.:~ u~nqs n:.. or rerraf~er ~~„ete c~ s~ d!e~d a~d on a:. c•q.r~p:nent and pe~sone•'ly covrrrd by +~•~i mor
nae. w rh all pre~:~v.Ts thr~eOn ~.a d,n t~!;, ~~~s,;:a.,ce in !ne ,,i,;ai st~~:a,•d Fc c,r tor~r, ~n a s. arpro~ed t,r inr ~1:JK.~•~.vEC, d' J~ ~;;,~u
~wrance m tAe uwat sfa~~da~d poi.cv fo~m, in a svm aHpro~rd by fhe h~JRTG.~GEE, in i~:h co•r.pa,~y er co *;>an es as ihe L'.:J3iC~A,:,~f m
d,rect; and ali (fre and v.~nds~orm ~ns~•ance po:r„~>s on anr af sa~d b„~:d.ngs, any ,nieres~ therein ~a~r rh<~eo4, ~n the agg~~ga~e so~•~ e!c•es>:d
~n excess ~he~eof, shall ;onf„n the usv;.l eta~~d~rd ,no~r~,gre c.ause or s~•:h o~her c:,.se as the Mo~~gaaee may ~rq,, re, ma?~ng tr~e .as ~~~de~ s.: d po
ces, each and eve~y, pa~a:~ e to sa:d MJRTG4GEE as ~rs ~nee~~~s~ R,av a;>Vea~, a•~d eacn and e.e~v s~,h po .cy s~~a:~ be ~.,on:p+:y ass q•~.-o a~~d dr .•~rrc
a~~ hrid 'ey Sa~d A10RIvAG[E as f~nhrr s~c.;r~iy ~o sa~d ~,o~~g~~e d~~r, ~:,d, not !ess ihan ten ~SOi d3~s ad.ance oi the e~; ot r:•ch ; o;~, u d~
~,ve~ to sa~d MORiGAvfE a renewo~ thereof, e~rrher v.~rh a rr;e•; t'ror t~..- prr n~um of such rE~,r~a:; a~~d it~rre s~~~ bc no Lre r, w• .::s~. c s..~.,~c
ptaced on a~y oi sa:d b. ~ d~~~gs, any ~nte~est thr.e,n or pa~t The,eoE, ~ss ~n the tor~n a•,d wr.h ine ~oss patio~'e os af::•esa~d; the r.<<~r e~~ s_:~
ot money 'aecomes payahie ~nder s..ch p,GCy or pe!:c~~s s~~d M.Jk?1~~:~:E n~~sii t~a.e ~hr oF.!.on !o ~ec_:.e :,:•d ap~ r,_ sa ~~r un e:,o~ ~r ot rt,e n~,i_:.r,d
eby or ~o pernvt sa d MORTGAGORS ra rc¢~~Ye a~~ , . _
nrss aec.,red hr~ d use it o~ a•~~ rn•r:~~oi eo, e.,, ..:.r: ~cc~ ~ , _
~n3 ~ny eq~~ty, Len a r;gnr un~er Or by v~rT~e ot tha n:cr~~age; and in ~he evem sa d h1~RTGAGORS sha!1 'or any re~ion `elt to ~.~•ep ~ s.~ d~ rc ~~:s s io
~~sured. a fa;l to de:~.rr pr~mpriy any of s~~d po~~c:es ef ,nsu•ance to sad A10RTGAGcE. or 4~~. F,~oT;~.riy to Fav f~:y an~ ~ ~t~<«~!or o~ a-y
~especr fa~l ~o perform, d~s.harge, eaecu~r, et+ea, con,p~eir. co,~~,ly w,th and a~~de by rn~= covene~~, or ~ny pe:~ h~•reoi, s.•d !.'.~_Ri~•~v~f r:,~ ~..,ce a
p:~ for such ;nwren~e or a^y F.art ihareo! w~thout waivmg or aft~•cring any ops~pn, i~cn, eq~ny, or r~yht u~.der or v~~f..e of ~h s'.~~•r}~ge. a:.d t~,c
amount o1 each and e.ery s~ch paymero shait be ~m:nNd,ately due and payab~e and shai! bear ~nte~~sr frorn the do~e T~~crcof ~~nf~~ ~...~d ei rnr r.,~r o}
•~,•~e per cemum per an~~:n ond r:,3:•~ic•r ~~r.h s~ch ~n•r_sf tn,~~, ~r s~•~.:r-rd b~ the i~en of th~s mongage.
4. To permit, comm~t w suffer na waite. impairrr~ent or deter,oranon of sa~d preperty o~ any part therrof.
S. To pey all and singutar rhe cos!s, charges a~d expenses, ~nduding a.easonable anornev's fee and coe~s of absn~cis of t~t'e, inw.red or p~:d a~
a~y tir~~e by sa~d MORTGAG°E, beca~se o~ in the event oF the fa~~ure on tne pert of ~he sa~d MORIGAGOR to d.,;y, pro .~,;t~y a~:d f,;,;y F:rtorm, o~s:nar9e
_.ewte. efiea, complere, comp!y w~th and ab.de by eacfi and e.ery the st~p„•a!.ons, agrir,~,ents, condn~ons, and cave::a~~~s cf sd~d p~o•~• ssa~y no~e d+! :s
„~regage any or e~rher, and sa:d costs, charges and eapenses, each and eve~y. shatl be ~r:~nrd~atety d~e and payab:e; v.heTher o+ nor ~h~~,e ~ n:-~:ie d_-
~e~d, a~rempi to co::eet w su;t pend.~g; ond rhe tust amou~t oi each and e~•er~ Suih ~a.meni shal~ bea~ ir~terest f~om ~h~ Qare Me~ro+ ~nr~i p~~d a~ r_e
o' n,•~e oe. cen~;.m ~~r on,~..-~; a~d a~: sa~d ccs~s, ct~a-~es ar.d ex;~crses :nt~;red or pa~d, togr~ner w,ih such ~nteresl, shall bC SEC~rE•Q ~y iF12 ~,rn ot th~s
mortgage.
6. That (a) in the evenf of any breach cf 1h]s Mortgage or default on fF~ part of the MORTG~GOR, or ;b) ~n the event any oi sa d sums of money
he•ein refe.red to be not prompt;y aruJ tu~~y pa~~ .a~rh~~ :n,rty 13J~ deys nerf a-rer ihe s=~:~e se.e•a'.v beco^~e d,,e and pa~ab~e, v~•~fl~;,.,t de:•,and or n.nce,
~,c? in the event each and every the s!ip~~ia:~ons, a3reeme~~ts. condnons and covenanrs o' sad prom,sso~y note a..d fh,s mo~tgage any or e+rhe+ are not
i.~',•, promptly and fuuy performed, ~lscha+ged, eaecuted, e{tecred. tompieted, comp::ed w,~h and a5~drd 5y, ~hen in e.the~ o~ any sv:h evenf the sa~d ag
?-e9ate svm memioned in sa~d prom:ssory note rhen reR.aimng ~npa~d. wrth ~nterr>t a:c:,,ed. and a,; ~rwnz~s secured Ae~ecy, shali pew~:~e due and pa~~-
e fo:rhw:~h, or rhereafter, at the opnon oi sa~d MORTGAGEE, as fui:y and comp:efe,y as i+ al~ of ehr sa~d s~ms of money were or~g~na.ty sf.pu atrd
1~ be pa.d on such day, anyth~ng in sa,d p~an~ssory nore or in this ldortgage eo tne tontrary not,n~thstsnd:•~g; and there~pon o~ therea~icr ai rhe o;:~~on ef
s,.d MORTGAGEE, w~thout nonce or demand, s~~t at iaw or in equ,ty, the~efo.e or therearier brgun, may be prosecuted ss if a!I moneys sec~rzd hereby
r.,9 mat~r~d pnor to rts ~nst~tut~on.
7. Thaf in the event that ~t rhe beginn;ng of or at any t+me pend~ng aoy su~t upo~ th;s Mo-fgage, o. to foreciose it, or to ~eform it, or to enfo.ce
~:ment Of any tiaims hereundz•, said MORiGAGEE sfia'.t appty to !he Co~~t hav~•~g ns~.cr,on rhrreof fpr the dppa+nlmeM pf a Re[eivct, wch Covrt sha~i
~.•'tiwith aFpo~nt a recz~ve~ of said morigagKJ prope~ty ali and sin~i~Iar, inc!ud ng e,~ a+~d s~~~~u~ar v~e income, profi!s, issves and ~r~en~es from wha~e~e~
s:•,•ce derired, each and every of w~,~ch, ~t be~ng erpress'y unde~s~ood, n he~_by mo*t3~geo as ~f spec:~~ca,:y set forth a~d descr~ted in ihe g.anf~ng ar.d
>:,endum c~a~ses hereof, and such P.eceiver shan have all the broad a•,d efiecr:re fv~~c~ a.s and powers in anywne e~trusted by a Co~rt to a kece~~e~, a:d
s_;h appointment sha~t be made by such Co~ct as an adnirt~ equ~ty and a r-ar.er of a`,~so..:+e nght to sa:d MORTGAGEE, and w~thout refere:xe to the
~:.~a:~scy or inadeqvacy o4 ~he va~~e of rF~e proprrry mo~tgaged or to tne so~e~c~ o~ .~~ncr of sa~d N.OR~GAGOR or the deir~~dn•~ts, a~d ~h,t such
•:~~~-3. profrts, income, issues and reven~es sha~+ be app~~ed oy such Recr~ver accoro.ng To rhe i~en or eq..~ry ot sa~d MORiGi,GEE a:~d the praa~ce of s.,ch
Court.
B. Te d~:y, prompt;y a~d fu'.~y pe~fo•m, d~s:~e~ge, execu+e, effect, com, ie+e, comF•'y v~;th and ab~de by each and every the st;pu:ations, ag.ee~:ents,
=-~d:t;ons and rovenams ~n sa~d prom,ssory noce and th~s mortga~e srt fortl~.
9. Tha! in the eve~t rhe ownershcp of the mortgaged prennses. or any part ti,ereof, becoTes vested in a person other than the MORTG4GOR, ihe
~RTGAGfE, its successo~s and ass~gns, may, v~~,ho,;r no,~ce to the AtORTGAOR. ciea~ ~~fh :uch svccessor or s~ccesso~ ~n ~nteres+ ~v~rh refere~:.e to rh,s
rrgage and the d•;bf hereby sKU~ed in the same ma~ner as w~th rdort~ago~ w:thput in any way vit:ating or d~xharg~r.g the RRcrtgo9ors' liabi:~ty here-
_ ~der o~ upon the de~t hereoy secured. No sale of the p~e^~~ses hereby mo~tgaged and no forbearance on the part oi the !1102TvAvEE or iTS succcsscrs
o- ass:gns and no exters~o~ of the t~me for the pa~ment of rhe deb~ hereby sec~~ed given by tne ~AOR7G~GEf or its s~ccessors or oss gns, aaa~~ opera!e
~ rerease, d~scharge, mod~fy change or affect the original liab~:~ty of the A,QRivAl3pR herein, e~ther in whole or in part.
10. It is speufr.at;y ao•eed that time is of the essence of th~s co~~trac+ and ~ha+ no waiver of any ob'~gahon hereuncler or of fhe ob'igat~on sr
~ c::red hereby sha!~ ai any time inereaf:er be he~d to be a v~a:vrr of the terms 1~ereof w of the instrument sec~red herby.
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! I t In aod ~~c:-, eo the +c~eac ~3 ~*'~o~+h'y payrr_nti of pri ~c ~a; and i•,r_ ~csr ~eq~ red by thr p•om sscry nc'r s~~:u•ed hereb~, mort~~~~c cover.ants
t ~,7 d~rG@5 to pay tc morT~agee v~:tF, ea:h monrh y;,a,s.,e-,t a.^. add •~onal s~^: rs•.~~ ated b~ mortgegeE to De equa~ to 1 12 of t;:z an-,ua~t cost of thr fo~~~on~-
!
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' A- :L' rfa! propeny taXes leJ~~~ o• assess_:: ac_i•;s: ti~~ aoave desc•i~cd r;a! esrate.
i - -
j B-F~r^:~rhs on fire and wr.~ds*c-m ;ns~~a~:e as here~r req.:.red to be ca••~rd c~~ the :mproveme~ts s:tuate on the aoove d:su~bed prem~ses.
C-Pre:n~~^•s oo s~.h nort~age g~a•a-±ty ir.su-a~.ce as mp•tgagee sha:'. +ro•^ r me *o ~:•r,e ~eem tit to carry on the ~oan secured fie*e~~.
Mortgagee sna! `.~a:n ~~~,4 fo r~:-:e n~•,f~ me•tyogp• ~n w~le,ng cf t~e aTo:~r d.,e and payab(e hereund~z 'and such s~m sh;::! ih~~re„~n be due a~d
..able on fhe d~e aa!e oi rne next ~io~t+: ~;,ay•n~•nt a~d each successive To~:~h ~-,e,eatt~r u~ri: mcrtga^yee shail nor;fy mortgaaor of a:h;noe in s~ch
oum. Such su,ns s~ a.f ve ap~~.:ed by morrgay=e ~ona~d rV~e parment oi rea: p.ope+ty taxes. insura.ue prem.ums, a•~d mq.tgage g~aranty insurar.ce
. 'r^~iuR~i.
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~ ~1N 1'J1?PJESS :VHERcO~, tne s~~d MORTGAGOP, has hereunro see h~s ha:~d and seal rhe day and ear first a4or a•
, ~gned, Seat ~nd el' ed in t e prexnce of:
~ (Sea!)
° Jame s J. onne 11 ~~a;~
T-
' - csea~~
- Rita Wonnell t~a~~
~ S~:+TE OF FLORI~JA 1
~ ~ JUfJTY OP SL . L11C le ~ ~
~
Befwe me personally appeared .Ja~ 5.J . Wonne 11
and
Rita Wonnell
; - his wife, to me we~l known and kno+vn to me to be
; tne indiv~duals described in and who exewted the fo~egoing instrument, and acknowledged before me tbat they executed the same fw the purposes
~ therein expressed. Md the sa:d R1Ld Wonnell _
' James J. Woru~ell - - -
+~~fe of the sa~d ~ upon a sepe.ate and private
c•am~~anon by me taieen separate and aPart from her sa~d husband, acknowt~ged ~o and before me tFat ihe executed said instrume~,~ free:y ar~d vo:um
ra~.:y and w.mo~t any compulsron, consrra+nt, apprehenns~o~.~t lear of or from her u!d h~soand.
WITNESS my hand and ofiic~at seal th~s_ _ day ef_ ebZV~y q p ty_72
~/.3~--- -
s~Z~ .E~ !lst~
Notary Pu in and ~or thg„j~tate of fior~da at larg`
My Com. aion eapires: ~-tc' ~/y 7,y
Return To: '
Fi.st iederal Savings 6 loa~ Aswua+~on
pt Frr ~E~ce r~ss-- ~--;n.. FJ(PiR~S F.U~. 6. 197~5
co•f P~~~rce. F:~.~da ~Et1~~Al INSURANCf UIYDERWRITERS~ ING -
This Instrument Prepared By John W. COllitas fILEO ANC RECOROEp
First Federa! Savings 8~ Loan Association ~T ST, LUClE COttMtY FU.
ROCf = FCITRJ~S , /
of Fort Pierce , F1oZida . ~ CLERK CtRCU1T COURT ~v
PFCt1Rr YER~FIEO~..~.1~
Chzcked By _ _ _
FEe 1t 10 3~ AN'~1
8oox~~ 2;~4143