HomeMy WebLinkAbout2370 3. To p~ace a-+d co~!inuoa.s y Aeep on ei:e t_. ~~n~s no~ or hereaiter rT..nre e~ s, ~i a•~d a~~d o~ a' c•q.:~,~ •~~•'~r a~ d persona~ly co~e~ed bv ~?+~s mo~
age. w.+h sll ptem~ur.s ~w~reon F,a d~~ t,,.i, t,•e ,~.s.:a r,e ~n rt,~ ~s..a~ s~a;,.i>•.l ci fr. a s.:,, a..,.o.ed t~~ thr M:~Jri,~•~J:E. d'~O v~~,ds~o
~nsurence in rhe :,wal s!a~~d~~d ~a cy 1o:,n, ~n a s~~~~ a~{~ro•ed ov ihe h1~~RTGa.izE. ~n su:h cc^;j~~, er co~~;an.es as the h'.OR1~:.GfE
d~rett; and a~i (1re and w~nJs~orm ~ns~•an~e po:~ues on any of sa~d o.,~ ci ~~gs: any ~nter~s~ the~e~n cr Fa•~ th~rre'. the agg•:ga~e svn. a+o~eaa~d
in excess thereof, s^ail :ont;~n iha usu:;~ s~o ~ci.~d ~no'!9ioee c ause or wch ott.e~ c~~~se ss tne Morrya~ee ~~ay re:y.,.re. maA~r.g ~nr .:.~s u~~dr~ sa~d po
c~es. each and e~e.y. Ca~aS'e ro sa~d •~1JRTvAGtE as ~n~er,~s~ +T~ay appear, end ea;h ar.d e.e~r :~ch p~ :r aha:~ ce pron.pt:y assg•~~d a+d d.• ~.~~rrd
an~• heid by sa~d t.10R1GAGiE as funher s_,~~~+y To sald rr•o~tg~ge deot, a: d. ~o~ :ess t!:an ten ~t0: da~s i:~ ad:a~:ce o~ the e~~ ~'eT on o4 each po.~cy. to d.
I~ver to sa~d MORTGAG[E a ren~wa! ihr;r~~f, toqe~her with a~ete for 1he pre~• ~um cf su[h re•~raa': e~d ~t~rre s+:s ~ Le no i.~e o• sstc•m us.~ranc
placed on any of sa~d b~'ro~~gs, any ~nt<<cs~ there~n or pa~~ ~k,e:eof. ~n'~sa ~n ~he f;:n~, a~:d ...~h ~!~.e ~ess pa,ab:e as a!o~eso:d; a~d rhe r.ent any s~^
of money becary7es payab:e under s~ch paicy o~ po~~c~es smd A'J~TG~vEi ah~~1 ha:e tF~r op'.on ~o ~rc_:.e ~~•d apF'~ t~e aa~~,e on a::o.,>> of ~ne ~nd~-bT~d
ness sewred he-eDy e~ to perm~t sad t110RTGAGORS To rece~ve a~.d use ~t or a.,~, ^~T T-~ =i~S 't, ••°...'J 'r
~ng a~v equ ty. I.en or ~~ght undr~ a by v~:tue of th~s me-rgage; and i~ the evem sa d A1~~2TG~GORS sF~.'~ io~ any ~<.ason (a~l to ?rep ~he :a:d pre~T,~s>s so
nau~ed, or fa~l ro dr'~ve~ p~a~~pt:y any of sa~d po~a~cs oi ~ns~rance ~o sa d MORTvnv~:, or i.,._ p•:~~ ;•:y to p ay f~..y any p~e fn~~rator o~ ~n a•~v
~espect iail to perfo~m, d:sch,rge, eaecctr, e4{e:t. comp'e~e, conp'ry wirh and ab~de by tha co:e~~a::+, or an~ p.+rt hareof, sa,d AS:~Ri;,.AGEE ~»ay p ace a~a
pay for such insu~~~ce or any pa~t th~reof v.aho~t waiving or affec~ing any Ort~on, i~en, eq~.ty, or n-,h! u~..f:r or by v:rt~e oi ~h~s h1o~~g.~ge. and t!~e
4;,1{ amount of each and e.ery s~ch pe~ment shaet bt ~mmrd~ately due and payab~e a~~d s'~ali bear irtrres~ from the date theroof ~n;~t p:::d a~ tne rau of
^~~e prr cenrum per ann~ n,,~,d te3:-Th~: ,n~+h wch ~n~e~cs+ sha:~ ~e s~•c~~rd b~ the i~en of th:s mort~age.
1. To permit, tommit w wffer no waste, im.pairment or detcr~orat~on of sa~d property or any part theirof.
5. To pay all and s~ngvlar the coats, charges a~~d e~penses, mdud~ng a rrason~b'e anornev's iee r~d ce~n of abs~racts of t~re, inc~ned or pa~d at
any time by sa~d MOR1GAr'.E. because er ~n the evenr oi sne fa.lure on ice parr of fhe sa~d MORTGaGOR to d.,:y, pro~:•p~~y and fu•ry ~e~form, d~scha~gr
_xe.uie, effea, comp;e~e, co~nply wah and ab de by ea:h and every ~he snp~:af.ons, agrernrnts, co~d~t~~~n, and ce.e:~a~rs oi sa~d Fro~r,~>sory note a~•d ih;s
r.orrgage any or e~~her, a~~d sa d cosrs, char~es a~d expenses, eac~ and e1e~y. sha~l ba im~med~at<~y due a~d payab'.c: whe~her or no~ ~he~e br noT~ce dr
~,and, atte:npt fo co::ect o~ suit pend.ng; and fhe `u!1 amovm of each a„d e:err such pa,mem sh;t~ tea~ mfc•rest irom Me daTe therrof ~ntil pa,d a~ t~,e
Te o' n~~.e ue• c~nw•T, Fti•r en,,;,~+,; o~~c au sa~d cosn. cna:grs a•~:; c.._,e~•s_s :ncu~red or po~d, toge~her w~ih such m~ec~s~. sha1S be secured by the l~en of th~s
mortgage.
~ 6. That ta} in the event of a~y breach o( th~s Mo~tg~e or deiavit o~ rh- part oi ~he MORTGAGCR, or ;b) in rhe event any oi sa'd sums of money
herein referred to be noi p.e~~:pt;y and fuiiy pa~d w~th~n m.rty ;3J~ da,s near ;•rc•• ~he ss-~~e se.e•e :y eeco^~e d.:e ar.d payab!e, witho~t demand o. no~~ce.
or !c) in the evem each and eve~y slipu:onons, a~reements, [a:d,r~o~s and co.•enants of sad prom~sscry no:e and ths mongage any or e~~her are not
iuly, promptly and fuiiy perfo~med, dscFarg~d. eaecuted. e!fected. co~np:e~ed. con:p~:ed wrtn end a~.ded fhen fn e:~her w any svch event the sa~d ag
a~cyate s~T men!~oned in sa~~1 ~rom~s50ry nore tnen rema~n~ng ur~;;a~d, w~rn ~r,te•r,+ dLC~uFCI, d:ld a.~ monr,s sec~red hereby, sha.: bcco~..e d~e and pay-
ao e 4arthwith, or thereafre., at the opnon ei sa~d RIGRTGAGEE, as fu~~y and co~~~p~erc:y as ~f a+~ ~f thr s~~d wms of money were or~g:na.ty scpu,afed
±e be pa~d o~ wch d..y, anyth~^g ~n sa d p~om.ssory nore or ~rt this JNortgagr to the cororary noT..,~hs~a•~d.~.g; and there~pon or thrreafter at tF.e op~~on of
sa:d MORTGAGEE, w.rF.out nonce or demand, s~~t at law or in equ~t~, iherzfore or iRerrairr~ brg:.n, rnay be p~osecuted as if aU moneys secured heretr~
n~d matured pnw to rts ~nshtu~~on_
7. That in the evznt rhat af the beginn~ng of or at any ~ime pend~ng any su:t vpen Th~s Mo~tgage, or ta foreclose it, or to reform it, or to enforce
paymenr of any ci3:ms hereundrr, so~d ?JIJRTGAG~E sF.a:: app!y to tlrz Courr ha~i~~g ;;.~~sc'..~.on fhereo! for the appc.ntment of a Rece~ver, s~ch Coo~t shail
foithwith appu~nt a.ece~.er of sa~d mo~tgagrd p.oprrty ai~ and s~ngvlar, inc~~~d ng a~i a~~d s~~•g.:.ar it:s j~come, proi~ta, iss~es •nd revenyes fran wbate~er
s: urce deri~ed. each and every o4 wh ch, rt be~~~g eaa~ess'y underscoa~, is herrD} mo~~gag~d as spec.fically set iorTh and descnbed in the g~annng and
nabendum c'~a~ses hereof, and such Rrce~~er shai: have a;t the b+cad and rtfece.ve fun:~ c^s .~nd ~v.sAl'Sn ~anyw~se ernrusted by a Caurt to a keeaiver, a^~d
s_:h appomrmem shaii be r,ade by svch Co~rt as an ad •~ittrd cqu~ty and a nmarrer of a!.~so~ute r,ght 1o said MORTGAGEE, and w~rhovt referenc! to the
adeq~acy or inadequacy of •he ~a~ue of rhe nroper~y mo~fgaged or To the so ~ency o~ ~nso .r~cy of •se~d MORiGAGO~ or the dcfandants, and that such
-e~rs, prof~ts, inco.rn, ~ssues and re~er.ues :ha~i be apa.~ed ty svch Rec~~rer accord~ng to the i~en o~ eq~ity of aa:d MORTGAGEE and the pradite of wch
Court.
8. To du'y, prompr!y and f~i!y per=orm. d~s:ha+ge. ezecu~e, effe,r. co~nplere, ce^ wnh a~d ab~de by each and evay the st~pufations, ag~eements.
:onditions and tovenants ~n sa~d p~orn~sso-y note and th:s m:.rt^yage srt forth
9_ That in the ev.nt the owrtersh~p of the r:oitgaged pre~~~ses. or any part therecf, becomes vested in a pcrson o~her than the MORTGAGOR, the
h!ORTGAGEE, its :uccessors and ass~gns: may, wirhouf ne+~ce to rne rdCRT.G~OR. dea~ vr~sn such svccesso+ or successor in ~nterest wi~h reference to this
rro•tgage and the debf hereby secured in tne same ma~ner as ~~+h blorrgagor w~tho~t in any way vit.ating or dscrarg~.~g ihe Glortg~gors' liab~i,ty here-
under or upon the debt hereoy secured. No s~~e of ~he F~e^.ISes h•_reby mortgagrd and no 4orbeorance on the part oi the /~10R1GAGEE o+ its sutcessors
or assgns and no exrens~on of rhe r~me for the payment of rhe debr h~~eby sec~~ed g~ven by the tiS~RTGE+G'.E or its su:cessors or assgns, s~:all operate
io re~ease, d~scharge, modify change or affeU the o•~g~nat lia6.l~ty of tne M.ORTGAGOR I~ere~n, e~ther in whole or io psrt.
10. It is spec~f~ca~iy ag~eed +haT t~me is of the essertce of th~s co~tracs and that no waiver o1 a~y ob:+ga~~on hereunde~ or of the obligation se-
~ c~~ed hereby shah a~ any tm~e rhereatrer i>e h:id to be a rre~+er of the terrns nereof or of the ins~wment sec~red herby.
I
I 11. M aao~t~o~ •o ~!~e fo'e:o ~`9 ~.~~o^.!~-~~y paymen?s of p:i~c dnd ~ntcrest ~e~~~red by tbe p'om~ssCry no'e sccu~ed he~ebf, mortga^yot cOVendnTS
( a~d ag•ees to ;.ay ro r:;;~T~a^yBE x~th edCh r-~On+h ~ F~y+~en1 ar. ad:i •;onal s.,m rs' e'cd b1 mo-tyagee ~o be eq~ai ro 1. 12 of the an~ual cost of the fotiow-
~
~ A-Ali .eat Frope*t f ta.es (ev~e~ o• ass>sscd eg3i•~st tnt aco.•e desc•~bed r,at es~aTe.
E , ~u~• r. .
! S-Pr~rr•,~u~*,: o:+ f,.e and w:ndsTOr,~, ~nsura• ce as here~r. req:~.red to be ca~r~ed en ~he :mprovements s.t~ate on the above d_svibed prem~se~.
~ i..F, ~
t C-Prernwrns on such mo~t~;~e gua~an!y msurar:ce as mat_yagee shali fro~r r me to t~~ne drem fit to ca~ry o~ Ihe ioan secur~d ~eyy_~ s•
t . .
Mortgagee s'~~~ `rcm r e e+~ e n,;!~!, me•~~dg_+ +v~~!~ng e~ the a•no_~' d.,~ and payab!e he~eundrr and such suT sFKil t~i!%ev~be tlu~r~;
e
~ ;~r=6'e on :hr d~e oN P ef ~ c r,.; pa~ ern ar~d eac+~ scccess~ve ~~o^rh tnr•eait-ar u:.t~f mcrtga~ee sha!l not~fy mortgaga•pf~ nge in ;ucb
a~ o~m. Such sums s~a : ~e or, ~t:i b~ mt~rtga_ee tor.a•d ihe pa~rre~t of cea! proper~y taxes, inwrancr prem.ums, a:~d mertgago ~aranf~Y inwrantf
i ;,•emi~ms. _ : v L : '
~ IN V1ITNESS 't:HER;OF, rne s~•d N:ORTGAGCR has hereu~+fo se! h~s h;;~:d and seai rhe day and year first aforesai ~ O',~
~ Signed, Seaied and delivered in the p~esence of: S. B. ,i~" ,~1~?Y~
BY: . . ~ a~~
r y •
~ , . ~ -c!t< c~~~ rvno P rson, Prb~i~eciti"': t~
> Attest : l ' (sea~)
~ _ 41 e mus ~en Secretary-Tre~~r
~ - - - - - -
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~TATE OF FLORIDA COUNTY OF ST. LUClE
~
~ I HEREBY CERTlFY, That on th~s ___~~-day of__.__-- Februar~ , A.D. 19 ?2 ,
~
~efore me personally appeared __BTtD'10 P91,ePSOn and -A~s.Pl A~ussen
; -espectively President and _ Secretary ' ~'e8su~'er , of
=s:
s - - ---S.-1~~._~_SL~ 1.t1~1~4~1I1L~;IY1~ .a - F1oI'id8 Corporation, to me
= knoNn to be the persons described ~n and who executed the foregoing instrument, and severally acknowledged the exe-
- CU11,7(1 thereof to be their free act a^d deed as such off~cers for the uses and pursoses therein mentioned; and thai they
affixed thereto the official seal of said corporation, and the said inst~ument is the act and deed of said corporation.
_ WiTNESS my hand and official seal at Fort Pierce Florida , said county d st e. ~ ~
~ This instr~mlerit prepared bv J. H. Boberts, Jr. "
F`irst Federal Savings and Loan Association o ~
~ort PierCe~ Flo1'ida N~tary Pubfic, ~n and for State and Ca~~ty afQresnid. _
: My Commission Expires: ~ ~ ~ a~ S"' _ -
~r~;y v~ ~ v . ~ ~I.IV^.~~e~'Y~~~~ •
R'v+c' ~~S C UR~
Checked BY CLFR~ t
r S - - - - RE r,r~. v E ~ ~ ; E 7
~z ~ ~1~
: ~ Ff~ Z~ ~ 3a 9
~~~~,,t~,4 ECOK 199 PACF~e
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