HomeMy WebLinkAbout0787 3 To p!.tcr ~nd contmuo~sly t,~•ep on Iho Lui'J~~.gS no+v or hCr~~eite~ S~t~ete on s~~d !and and on o:: .~~.,~y nrnt ar.d persona~+y coY~•rcd by H~is mot
e~4, w:tt~ a!I prrn~~~•ns thcvtan p.~ d+n lull, t:~t• insu~ancc ~n thc USJJI Stand~rd po'~c/ fJ~m, in a S..:n a~ Nro.cd Uy tii~~ h1~1R;v:.G~t. a~~d w~"~~ls!u
~nwrdn(d in Ihe uludl S!e::alard ~,GI.Cy iGnn, ~q d S~~~l d~,provrd 6y ihd A10RiGAGEt, in Suc~1 Cc~~:~Neny Ut CG~~~~'an.21 di ihe :'t~~f:;AvfE rn
dnct~; and a~l fnz a~.~ w,ntlsN~m ~rsuranCe pOiic~~s On dny Of sa~d b~nd.ngs, eny inlerrsl thcve,n or ~;art ihr~avf, in Ihe dg9'cya~C s::m dfJ~esa~d
in excrss ~hc~eo(, sl~~lt :on~„~ in~ ua.~.:l se,•~~,J~,~d moltg,gee c~auio or wch othr~ c~ou~r as the hlvrtyayer n~oy ieyu.r~. n;aAir.~ t1:r.~oss :,~+dar s.~,J po
c~s, eech and every, pa~;,b'e to s~~d 1.~JkTGA~•tE as ns ~~~~rrrs? may appear, and each and evr~~ e~~ch s~wlt ur F.~o~*+yt~y ass g•:rJ ~:~d dc.~•c~cd :
any h~•W b~ s~;d ,110RIGAGtE as fu~~hr~ s:cunry to sa~d mo~tyage deut, a~~d, noi !eu than trn (iC1 d~ys ~n .~d.o~~ce: cf ~h,: ex~.~~af~~n ot eoch ~,o~~cy, ~o d.
I.ver ro so~d MORiGAvEE a ~e~~cv:el ti~~r..of. toye~her with a rece~pt !or the prem~um o( such ren~~,o:; and ts~~•re sV.a:l ba no i,ie or ~~~~~.1>:,.-:n ins~renc
plaCed o~ any of sa~d bu~(d~~~ys, ~ny inf. ~est fhcrc~n Or pa~f thetcwf, ur.less in rhe fonn and ~•~th the lo>s pay.,l,te at afn+cSaid; and in the r.enl m~y Sun
of money beco~,~es p~~~~ble vnd~~~ s~ch poGCy or pof,ous aa~d MORTGAGEE sh.~~l have ~he o~.+~o~ ro rca~~.~ .,~.d .~p~ ~r t'~«• aa~ne on accuu:,e of th~ ~~~drut~•d
'~•~SS aa•CUted i~ereby or fo pet~nA s~~d MOkTGAGORS to reCrive dnd use it pI any p.rt t1~...~~~f t.;r c:i~•. ~.v~: os•~s. ..;'n:.•..1 Ih :r
~~~9 any equ~ty, 6en O~ nyht und~~ p~ by y~rt~e of Ihis mGrtgage; and ir1 ih! lvent ia.d MORTGAGORS shi!I !or any ~rason laii fo k~ep Il~e sa~d pre~nlS~'3 s0
~r~w~_•(l. O~ ~eil t0 drl~vCr prpmp~ly any Of S~id ~~OI.Ciet O~ ~rtiwdnt! t0 Said MORiGAGCE. O~ fa~! p:om~>tiy f0 {•.iy lu~:y ony pra~:~:~~•n ft~cr~•for Or in 3nY
resp~tt (ail 10 pe~lorm, dis:haiye: exacut~, efie:t. tomplete. comply with and a5it~e by ihis Cov~n.+nt. or any peN h~r~o4, S:+~d MI~RT'~AGEE may p.dO• a~.o
pay tor such insur.~nce or any part thr~eof wehout waiving or aifzcting any opt~on, i;en, rqu~ty, or r~;,ld unJer or by virtue oi :iils Atio~tgege, and the
f~ll ainount of cath and e.e~y s~ch paymeM Sf~ail bc ~~n~nediately due and payabtc and shail brar i+rtvrrit }ro+ra tha da>e fhircof u~~~il p~~d a1 fhe rate o)
~~ne jxr c:~ntum ver a~nu~n and to~ctnrr v.rth a.+ch uver~sr Shai~ be secur~d by Ihe IiM oi thh matgaye.
1. To permit, commit w su(fer no waate, impairment w Jater~oration of said prope~ty a any part Ihereof.
5. To pay all and s~ngular the costs, charges and expenses, induding a reasonable ananey's fee and costs of abstrac~s of t~t!e, incunrd or paid at
+ny t~~~ e by s.ud htURTGAGEE, becavse w in ~he event o! the fe~ture on the part of the sa~d MORIGAGOR to duty, p~o:npNy and f~:iy pe.form, d~au~arge
.~~cut?, elieat, cOmp;ere, comply wah a«d ab.de by each and every the stipulat~ons, agrecm~n~s, tonJ~t~ons, and coYenanrs of sa~d p~o:~~~ssmy nvte a~~d th~s~
~~ortyage any or enher, and se.d costs, tharges and expanses, each and every, shall be immed~alety due and payabte; whrthe~ w not thrre br no:~ce da
•.+~~d, atre~npt to coliect or svi? pe~~d,ny; end the ful~ amovN o1 each and every wch payn:eM sh,ill bear inf~res~ from the date the~eo4 until paid at the
• r. ~:~~~c ~c•. c~~ntum F.~~r un~wrn; a~~L atl said ccsts, charges and expenses meu~~ed o~ pa~d. tog~lkier ~vJh wch int¢~rst, SFwil be secured by thr I~rn o1 ~h~s •
rnortgage.
6. Tt~ar (a) in rne evc~t of any brrach of thls Mwrgage or defauit on the parl of thc !S'.ORTG~~GOR, or ,b) en the evenl any oi sa;d suma oi money •
I,~~~cin refrrrrd to be not p~o~nptty and fulh~ paid w~~hm th,rty {30) days next aite~ the s.i~»e severa :y becc:~ne d~e and pa~ab!e, w~thout demand o~ nehce.
cr ~Q in thr event ~~ach and eveiy Ihe st~puiat~ons, agreements, cond~tions and tovenants ot sa d p~o~»isso+y nofe ar~d th~s mo~tgage any o~ enher a~e nol
1u:y, pron,pt{y and f~Uy pe~forrned, d.sc~arg_d, exetutcd, e~fected, canpleted, compi~ed wnh and ab+d<d Sy, then in e~ther or any such evem the sa~d ag
a~.gate sum ~~:znnon,•d in s~~d pro~~i~isory n,;te tnen r..~maming unaa~d, wrth interrst accr~ed, a~~d a~~ ntO~l~•y3 set~red hereby, shatl f1GCOtRC dV@ and pay-
eq e fo~rhw~rh, or rF:~rratrrr, at tFe oF~r,on ot s.,.d b10RIGAGEE, as fuily arw~1 comple~c~y as atI oi ~h~• sa~d su~ns o~ money were or~g~na'~ly st.pu,a~ed
~o br pa.d on such d~y, anything in sa.d pro n:ssory note ot in this Morigage to tht contrery not.vithstand~ny; and thereupon or thrreafter at the oi~t.on of
s= d MORTGAGEE, v.~N~a~t nOt~ce ot drma~~d, su~~ et law or in equdy, fher~fore Or thereaftcr begun, may be prosetuted as if all mo~eys setured hereby
r,.:d matured pnor to .ts ~nilltut~on.
7. Thaf in the eveM that at the beginn~ng oS or at any time pending any su~t upon thls Mo•tgage, o~ to ~oretlose it, or to reform i~, or to enforce
,:~m~M ot any d,,~:»s h~•eundar, sa~d rdORfGAGEE sha~t apply to fhe Court having jur~sd,cr.on th~~eot fw the appo~nt~nent ol a Receiver, svch Ca~rt shail
.:~h,tinh aF;po~nt recr~+er of said n:o:tgagrd property a!{ and s~ngular, in~l~dng a~l and s~~~yu~ar tF:e income, prof~ts, nsues and reven~es fiom whete~er
s;rce denved, each ar,d every of wh.c!~, n k,.;u~g eapress!y undersro~d, u l~errby mertgag_•d as ~t spec~Lca(fy set forth and destr~bed in tha grenr~ng a~*d
+,i,e~~d~m c'auses hereo~, and such Rrcrr.er sha~: have a!1 tha broad and effecr:,re fu~~u,o„s and po.ve~s in a~yv~~se emwsted by a Court to a Ret~i.er, a~~d
s cF~ aF:No~ntmem shail b~~ m~cle bt such Co~rt as an ad.niTted equ~ty and a n~atter of aLsotute right to sa~d MURiGr1~EE, a~d withoul reference to the
n~l~~a~,cy or inadeqvacy ot ~ho v~iur of the proprr~y mortgaged or to the so:vtncy .or ~r~:o~.ency of sa:d 1.10Ri(`iAGO or the def~nd~nts, and that svth
'•rs. proi~es, inco~r.e, issues and revenues shati be app~~ed by suth Recerver ac.ord~ng to the tien or ry~ity of emd MuRTGAGEE at:d the prachce of s~ch
Court,
8. To du'y, pr~mpdy and ful~y perform, d~scha+ge, exec~te, effev, complEfe, comp?y w~th a~d ab~de by each and every the stipuiat;ons, agre¢me~ts,
~„d;t;ons and co~enanrs ~n s.~~d prort~~ssory nore a~id th~s morigage set forfh.
9. That in the event sh.~ ownersh~p of the mort~aged prert~~ses, o~ any part thcrrof, 6ecomes vested in a person cthe~ than the MORTGAGOR, the
'~RiGAGEE, irs waesso~s a~:d ass~gns. n.ay, wi~hout notice to the ,1,1QRTGAOR, deai w~th such wccessor or successcr ~n interest ~v~rh rrference to th~s
',.•tqaye ar:d :he dri.! hereby sccurYd m thp same mannc'i as w~th hlortgsgor wilhout in any way vil:ating pr d~stharging the /Aortyagori' lispilily hete-
;ie: or u~vn th~ debt h~~~~•b~ s;c~~,_d No sj!e of t!~e F~e~.~~ses hereby mortgaged and na forbearance on ~he part of ~he tAORTGAGEE or its successora
~,ss~g~~s a~d no exrer.s:on of rhe f,::,c fa+ rhe peyme:~r of the drbr hereby secured g~ven by the MORT(',A(;EE or ]ts svcceasors or ass gns, ~~~afl operoTe
~o re ease, d~scharge, mod~fy ~hbrqe or aifect ~he orig~nal lia6.l~ty of the M.ORSGAGOR ttero6n, either in whale o+ in part_
10. h is spec,~aafly agrred thaf time is of the essen~e of this conrracr anc~ that no waiver of any ob~:qat;on hereunder or of the obligatio~ se-
c.,red hereby sha;i at an~ n~r,e fh~~reaf:er be ha:d lo be a wa~~er of the terms hereof or of rhe instrur~tertr srcu~ed herby,
~ (n .;:.1:~ t0 t'~:~ f:irt~3C ~~~On!h!y Fi,~y+i'.'nti Ot ~;•i•.~ ~~d~ dt~d ~ri1c';f5f ~YC~~~r;:() jJy t}if F~~Ur~~ SSG~y ~10.'a• S:::uri•(~ ~t~'~~~~y, rtlOffyd3af covenants
~ cf agr,~s to pay !u n::: ~y~+yc~ x,;h ea:h ~t:or:rh'y pa~: e~~t an atid:~~enal sum rst ,:ated 'u~ mortyagrr to Le eyvai to 1 12 of t:ic an wai cost of the foiiow-
A- A!{ r_at F.rG{~,~!y tbw ~i I~ n_~M O~ dSieiseu ege~•tSt thc ai:pv@ drsVi~<d rvai Ps'.~te.
b Fr-+:~. r:s or~ f..r arr:~ vv~nduu:•n insu~orce es ilerc~n r,qu.red to be can~• d on the ~m~ rove~*te:~ts s.tvate on tho above d_scrifnd premises.
C Vr_~*.:v. s o~ s:ch ~.,crt_ ~qe 9ua~anty ~r.s~~ar.ce as mo•tgagee shai! f~c~r t n~e ~o rl~ne dee,n f~i to cacry on the loan secw~•d hrreby.
t,tor!g.+qr~ v, te t~~,.e ^.ot~f~ ,ncrTy„gcr ~n r.r:t,~~g of the a•no.~~t d~~e and payable he~eur.dar a~~d sutfi s~•i, shail th~•reupon be due and
~b'e on tt,. ;i,.~ c::r.. u~ rn~ ~~e,t ~::or.th:~ pa; and e.~ch s~ccess;ve *>o~~th therealt~r u~.hi mcrtgigee sfia!I not~Fy n,ortgagor ef a chenge in such
• :,n~. S~ch w^ s sF '!;e ~~,p ,rv L~ mcrtya~ tu~•.a•d ti~e Hayment of real property taxes, insura;icc pren;,~ms. a~~d morlyage g~aranty inwrance
, • ~~~V'TS.
HJ '.:~IIf:~SS :':NER~OF, ~he sa~d 1L4pRTGAGO' has h~re~~~to s t his h~nd and sral the day and year lirst aforesaid.
5igned, Sealed and delivered i presenc qf: ~ ~(j`~ ~
BY: ~
-r- ~ 'lliam A. An e son President~~en
_ " 4c~~'l% ATTEST:
' -~'i2-- cs~ai~
erna L. Andersan~ Secretary ~~a~~
- - -
~
:,TATE OF FLORIDA COUNTY OF ST. LUCIE
~
' 1 HEREBY CFRtIFY, Thai on this 'ju~ 72
1~..Z`:~~ day of---- A.D. 19_~,
; ~efore me personally appeared i+~illiaut A. Andersan _ and Vel"na I,. Anderson
' respechvefy . _ _ President and _ _ Secretary _ of
~ American Hames and Mortgages, Inc. a_ Florida
~ - Corporation, to me
known to be the persons described in and who executed the foregoing instrument, and severally acknowledged the exe-
~
' cution thereof to be their free att and deed as such officers for the uses anci pursoses therein mentioned; and that they
affixed thereto the official seal of said corporatio~, and the said instrument is ihe act and deed of said corporation.,
~YITNESS my hand and official seal at Fort Pierce F102'~da _ , said county ~ d state. '
f :'his instrimient prepared bq John W. Coliins ~ ' ~ _
o° First Federal Savings and Loan Association '
: orL Pieree, FlOrida ~ary P lic, in and r Stat nd C nty aforesaid. ,
~ f{IED~?~~ ~Et%UROEY M Commission Ex ires: /
St:IW%~~ COUNTY FLA• Y P
ROGEK FOSTAAS
ear GIRCUIT COURT ,m ~
Checked Byt.~~s - _
,iuH t~ 3a AH l~ o Q c~
- ~ BQOK ~OJ PAGt / ~
2312~5 L-S
~
, a ~ .
~ ~
~ ~ ~
~ ; ,
{
~
. r ~ ~ ~ _ . ~ ~