HomeMy WebLinkAbout0791 3. To F,'.,ce and connnuo~~s~y A~t~p on ~~~r L~~ .i~~,ys now or i,,::e.,ftrr a,t,,~te cn s~ d!a•,d a•~d y~1,: •.~~nt a~,d persana;iY co.r~ed by ~I:ta mor
e9a. w!~h ali p~en~~u:~~s ti~~•~eon ~;a d:n 1uJ, t~r~ ~~~.S..rencc ~n tne cs„ai Sro~~;ird po:~<~ form, ~n a S.:ni a}.Nro.ed b/ )ha I.tJK~v:.v=:. o~~d w~~~dstu
~~sur3ncr in ihc usual sr~nd;cd ~ o: cy to~~,~, in a s~m aEpro.ed by ~he h1JRTGAGEE, in w.h co~np~ny or CJ'1 ~'d11~CS as ~he ti•,p~i"vAGEE m
d:.i•ct; and afl iire a~:d w,ndswim insu'ante pul~i~es on any of sa~d bu~id.ngs. any intzrest thr~r~n or Ea•t thr~coi, in ~he aygr~-ger~ s„~n atores~~d
eatcss th~~r~o(, sh,~li :ont~in the ~su.:l s~anJ~~d mon~3gee c~.~use or w.h oiher d~ose as ~ne Mo~~ye~~~e may ~e:;u•re, moking thc ~oss unJ~•r sa~J po
c:es, edth and every, pa,ab'e to sa~d .11JR1GALEE as ~~i interast may appear, a:~d each ~nd e~ery wch .c~ s~~.~li Uc prompt~y assg,~rd a+~d dr.~.~,r~d ;
eny held U,~ si d 7AORiGAGEE as tu~~har s:cway io said mortgage d~~pt. a~:d, not !rss than ren (10! d3,.s i:. _>d.,~,ce of the eay:,r„i,on oi cach pot~cy, ~o d.
:~~er to sa~d `dORIGAG'.E a rene,val th.:rc-of, ~ogethr~ with a rrce~pt tor the prt~~u~m of~ wch renr~a:; a~~d th.•re sh~;l be no f~re o. wi~~as~o~~n inwrant
p',ced on 3~1y JI sa:d bu~!d~~~ys, any interest ti~~re;n or pa~t thereof, ~n!ess in fhe tor~n a~~d w~th ihe ~css pay,u'r as aforesa~d; and ir~ the e~ent any sue
oi mOnzy ~~o.nes payab~e ~ndrr wch pol;ty o~ pol,c~rs sa~d MpRiGAGEE shaN have the opt.on to reo_~ve ::::d ap~.y ~;~a san,e on account of the indrt~~rd
~~_~SS ieturrd h~rtby Or fo pi•nnit sa~d MuRTG~GORS t0 teCei~e dnd us0 it Or dny {»rt Ihe;••Jf t;,r etm.r {.vi; cics. .:.th~.,~„1 ih_•..~~ ~r r~ip,.~r
~n~ any equ.ty, I~en w r~ghi under or by viriue of th~s neortgage; and in the event sad MO+tIGAGORS sh.~Jl :nr any r~ason fail to Meep the sa;d pre~nis~~s so
~~~wr~~d, ot fail to deliver pr~~nF~tly any of said poLCies of inswance to said MORTGAGEE, o~ f~d p:cn.~niy to E:ay fu:ty any p~c,:~~v~n theretut or in any
resp~tit fai~ to perform, d~scharye, executa, effec~, complzta, comply wirh and ab~de by th~s covt~~ant, o~ any part h,:reof, s+~d MORI;,AGFE may piece a.o
pa~ far such ~nsur.+nce or any part ~hareof w~iho~,t waiving or affecting any opt~on, Gen, equ~ty, or r~gh~ ~~~der or by v~rtue of th~s Morrga~e, and thc
fu!I an;ount of each and e.try such peymtnt sh~ll be m~mediate~y due and payable and sha~l bear intcr~-st fro~» tha datr thereof ~ntil po~d at the tate o1
~~~~~e per tent~rn per ar,nu~n a~~d to~cthrr x~'h Such in!rri3t Shdi~ Ge S~w..yd by the leln Oi 1hi3 moifgagd.
4. lo perrtiit, commit or su((er no waste, +mpairment w det~rioration of sa~d pioperty or any part thereof.
5. To pay all and s~r.gu;ar the ccsts, charges ar.d expe~~ses, induding a reosonable attornry's fee and cosrs of abstracts of t~Ne, incurred or paid at
ti~r:e by s~~d MORIGAGEE, tecause or i~ the evc~v of rhe fa~iure on the part of the said h10RiGAGOR to duty, pro~~Nily and futly pr~form, d~sinarg2
cure, effect, canptefe, comp!y w~th ar•d ab de by each and every the stipui~f,ons, agreements, co:xl~hons, and covenants oi Se~d p~Omissory note a~~.d ~his
•artyage any or e~rher, a~~d sa d costs, charges and eapenses, each and every, sha11 be immcdat~ly due and payabie; whe~her w not th~re be not~ce d-
r• .,•~d, atre npt to coUed or s~it p~:nd,~~g; and itce full a~nouM of each and eve-y su<h payme~r shall bra~ inr~•rest frorn iAe dare thereof until pa~d at ~he
o• +une uer crnnm ~•~r ..nnu:n; ~nd ~u said ccs~s. charges and exp..~nses ~ncurred or pa:d, toyather w~~h such i~terest, shall be secured by the I~en of th~s
n:Ortgage.
~ 6. lha~ (a) in the event of any breach of th~s Mortgage or defau(t on 1he part of thr 1'dORTGAGOR, or ~b) in ~he eveM any ot sa:d sums of money
~,~reFn iefrrred to be no~ pro~.~pfiy and ful~~ pald w~siun th.rty ~30) days ~ext a~r_•r the sa~ne severa:ty bec~me d~e and payable, wi~hou~ demand or norice,
,c) in rhr event each and every the stipu~at~ons, a3reements, cond~!ions and covenants of sad p~omissciy ~~otr and th~s mertgage a~y or e~ther are not
j~ly, promptiy and futly p¢~{onned, d.scl~arged, eaetured. efiec~ed, tomp:eted, compi~ed ~.ah and ab~ded 5y, then in e~ther or any such event the sa~d ag
gate su•n menno~~ed in sa~d p~omissory note th~n remaining unpa~d, w~th inre~rf acuurd, and a~t mon,:ys secu.ed hereby, shall brcome due and pay-
ec e for,n,n~th, or fhereaf~er, at the opt~on of se~d h102TGAGEE, as fvily and tanp:e<ety as it all oF tf~r s~~d wms of money we~e or;g;na:ly st~pulated
!o be pa.d on such dey, anything in sa d p~o:n.s:ory note or in this h\orlgagc to Ihe ~tntrary not.vithstand~ng; and thrreupon or therzafter al the opt~on of
s~ d MORTGAGEE, wrthout nor~ce or demand, wn at law or in equity, therefore or thereatier begun, n:aY be prosec~ted as if ail moneys secured hereby
r.: d mar~red pnor to ~rs ~nsriwrwn.
7. Ihat 7n the evenr fhat at Ihe bPginn~ng of or at any time pend~ng any suit upon rh~s Mo~tgage, a!o (oredose if, or to reform it, or to enforce
~,~;ment of any ci,ims he•e~~~der, said AtORT~,raGEE shail apply to the Court having rynsd.u~an th~r~ot tor thz appo~mment of a Receiver, such ~ouH shalf
sF.~v;rh appomt 3 ft~@~v@f of seid n:ertgny~d properry aN a.id sirx3u:a~, inc;udng at1 m,d s~ng~;ar f~,Q ircome, p~oirts, issues and revenues trom whatever -
:-ce drrived. each and every of wh ,h, rt bc:ny eapress~y undentood, is Fereby morrgaged as ~f spec~hca~ly set fo~th and deuribed in the g~anting and
+;endu~n C~d'JSBS hereof, end svch Reteiver shall have ail the broad and effechve f~nd.cns and po.ve+s ir, anyw~se entrusted by a Cou~f fo d Receire~, a~~d
_ cl~ 3ppo;nlme~3t sheii be n:ade 6Y such Co~rt aa an admirted equity and a ma~ter cf at;solute r:ght to said MORTGAGEE, a~d witho~t reierence to 1t~e
a i,:yvacy or i~adeq~acy of th,.• va:ur oi the property mortgaged or to the so.vency o~ ~nsc ~ency of said MORiGAGOR or the defendants, a~~d that such
--,rs, protits, in:o.ne, ~ss~es and re~e~wes sha~i be appued by such Reteiver accord,ng to the lien or equity of sa~d MORTGAGEE and ~he practice of such
Court.
8. To dv!y, prompNy and (uIly pe~form, d~scharge, ezec~te, effect, complete, comply w~rh and ab~de by each and every the st~pulatio~s, agree~nents,
_ nd~tions and covenants ~n se~d prom~sso~y note and th~s mortga~e srt forth.
9. That in the e•:ent rhe ownereh~p of ehe mortgaged pre~:,ses, or any part thereof, becomes vested in a persun other than the MORTGAGOR, the
1~RiGAGEE, ifs successors and ass gns, may, wlthovt r.once to the MQRiGAOR, deal w~th such successor w successor in interest with reference to this
~•tgaye and the drut hcr~by sec~:ed ~n the same ma~~ner as wfth 6tortgagor w~thaut in any ~vay vit~ating or d~sclia+ging the /.1orl9ago~3' liabitify ber~
,i:r or ~pon the debt hereuy s~c:;«d. No sa•e of fhe Fren,~ses hereby mortgaged a~d no forbeara~te on the par~ ot the NIORiGAGEE or its successors
oss~g~s and no exrers+on ot ihe r„ne for the payment of the debt h~re6y secured given by the MORTG~GEE or its successors or assigns, a~~all operate
~ rere~se, d:scha:ge, mo@~fy change or affect rhe o~;g~na! 1~auJ,ry of the MORiGAGOR t~erein, either in whole or in part.
)0. !t is speuficai;y ~ gr~~ed that time is of the esse~ce of this conrrac~ and that no waiver af any ob,~gat~on hereunder or of the ob!igatio~ se-
..,~ed hereby shaf~ a~ any t~^:e th~reafter be he;d to be a waiver of the terms hereof or oF the instrurnent secured herby.
11. In au~i.te.s 'o !ne forrgc n~ n+onti~'.y~ pa~rr_n!s of p;i:u pal and inter~st req~~red by the p~om sscry no'r sew~2d hrrrbr, mortga^yor covenants
: ayrres ro pay ro ~ ~-r~,g•~e x,rh each ~;~on+h y ra,~ :r~:r an add~~~onal sum esr :.,a!ed b~ mo.tg.agee ~o be ey~ai ro l, 12 oi t:,~ ann~al cost of the foiiow-
A-;.I! r_ai ~,roF~.,•!; r3.~as !~~v,_~ or auess•_ci ag.~~•,s~ rh•: aLove dezoibed reai esrare_
6 Gr:r~,,,, „s o~ i,r,- and w;~:dsro ~nsurar,e as her~•(n requ:red to be carrfed cn the ~m~;~ovements s:tvatr on tt~~~ abovc d~sa;lxd premises.
C Pre~~,~a~• s o•i s:,th n:urr~::ge guar,~nty icsu:a, ce as morrgagee sha~l frorc r me to ti~ne dcem fit to carry on the {oan sec~ved hereby.
~hortgac~ec s., m t~~ne to n:*:e not~fy mertyagcr In wr~t~ng of the amou~t d+;e and payable hereundar and such su~ii sha;! thcreuH~on be due and
.,,b'e on rhr d~- c.+~•~ of ~he next ~nonth:; p3y•n~nt a•~d eath wccessive month nc~reaf+er ~..t~t mcrtga~ee shall ~ot:/y mortgagor of a change in such
.~urtL S~ch s~~^s s~~~.i be app;r:~ by mort9~g•.e ro~.yard tF.e payment of :eai property taxes, insurance pren:.~mt, a.~d mortgage guaranty inSUrance
. . r'.1umS.
IN ~'lI1NE~S .~NEFEOi, the sa~ MORTGAGCR has hereu~to set 6is hand and sea~ the day and year first aforesaid.
~\,C gngd.`Sea=ed and dr~ red in e presence of: ~
- ~ O- j~. ~ ~ ~//1
\ ~.S/LLf
f?~/ A/[~{~1/ 6Il 1d~~~SCa~~
~ ~ William vid Farr Sr.`~~
- f_ - ~ cs~aq
1\- - ~lOd8 TiBA I'~'dTI' 1iC' lSeal)
~'bTE Of ORIDA ` ~
- St Lucie u~
_ :':U'JiY OF ~ - - ~
i Before me Pe~sonaliy appeared W~ui~ David Farr, $I'•
snd
-~1Q(~a ~B@ F~I' _ his wlie, to me well known and knovm 1f~ me t0 b~
i 'F~; indlvidua,s descr~bed in and who exe:uted the foregoing instrumem, and acknowiedged before me that they exec~ted the san~e~fw•~hs ryrpo~es
•ein exp.esszd. And the said_ ~1QC~S TBA 1''32''1' ~
of the sd;d _ _ '~tilliam David Farr, Sr. _ ~ .~`,~,~rote ~ ~~~r.
+~~~nat~on by me tai~n sepa•ate and apart From her sa~d husband, acknowledged to and betore me that she executed sa~d i ~meR~lra~i~ an~vaOfF -
~ and w:thour a~y co:,~pu:von, constraint, appr~he~s:~~ or fear of or from her said husband. - 3 ~
~ {
V1ITNESS my hand and off~oal seal this_ _ day of " A p~~9~
• ~V :`S.:
Notary Pvb~ic in nd r the State of fiorida.~j;~gQj( ~
My Comm~ssion eap' es_ L-.~t.
R~,~~•~ To: ~ . ~ S
First Federal Sawegs 3 Loan Assoc~.,t,on
~ _rt P.~c.•
Furr F,:^ce i L_ r ~ r
fIlEO REC;?RDEO
ST.IUC+E CJ~NTY FIA.
FOC~P ~~'•"RAS
CtERX. Ci ;,U~t COURT~~
This Ir.strument Rrepared 8y J. H. Roberts, .T2'. ?ECC°QC ~E~-.----u--
First Federaf Savings 8 lcan Association A ~ 1
of Fort Pierce , Florida ~~13 9~2 nH
Checked By ~ - . ~
231~9'7
6QR~ zo3 ~~f 7so
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~ c'gr ~~?-"-~a-i -~a'r~ ~ ~r •~,cF, "~s-~-~,~,y,.,
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