HomeMy WebLinkAbout2684 3. To piice and co~+~~nuousiy I,cep o~~ tne bu~',1~•.gs nprv or hereafrer s~ru~te on so~d !and and on ali ~•q;,;a~nent ard penonaily cove~cd by ~h~s mor
age, w+tn all p~en:~~:nS th_•reon d~n fu:l. I.r~ mSu~ence ~n ihc usual StJi::I3[lI po'~Cy fo~m, in a sum ~Hy~~ov~d by the h~OR~v:.G~ E, and wi~~dit0
nsuran~e in iha uwal s+~~~Jard Ho:.iy ~o~~n, in a s~m a}.,:roved Ly ~hr h10RTGAGEE, in i~:h co:rpa~~y o~ co~npa~~es as the A.ORiGAGfE m
d~recr, and all !ne and w:ndaro~m <nsur,~ncr ~:o:+c+rs en any of ~a~d bv~~d.~~gs, any iNer~it thc~ein or part th~reo~, in the ayyr•,~,fe sv,» afo~esa~d
in e:cess the~eo(, sh~1; w~t.,~n the ~w.:l st~ •d.,rd mor~g,g~e c~ause or such o~her c!~use as the Pdortye~ee n,~y ~equ.re, ma?ing ~h~ ~ces ~~~Jar s~~d po
c~... ^,~.~.dnd ev~ry, para~:e to sa~d A.\JRTGAC•fE as ~ts ~nt~r~•st rnay appaar, and each and e.ery sv:h ~c:.cy sh,,I~ br p~umNtly ass y~~ed J da~~vcred
any h~dd by s~d h!OR;G.4GEE as f~~rh~r securny ro aa~d n.or~g,~3e d~•ot, a~:d, not tess ihan ten ~IO) d3ys JCI'rJ~1~Q oi ~h~ eap~~sl~on o! esch po:~cy, ~o d.
l:ver to sa~d !~10R7GAGEE a renew~l Ih~rro(, together aith a rece~pt to~ the p~emium of such re~~rwa~; ar,d +f~•_~e s~~ait ba no f~re o~ .y+~~u:~c,~~n insuranc
p!aced on any of sa~d bv~'d,~~gs, any inie,esl lhcre:n or part thereoF, vn!ess in the fom~ a~~d w~th the Icss ~:aya6!e os aforese~d; and in ~he event any sun
of monry beco~~~es p~~ab:e ~ntir: s~ch policy or pol,<~es sa~d A10RiGAG~E shall have ~h~ opr.on to rec•_~:e .,nd .,pF~'y tl~r sa~:~e on accoum ot tt~a inJ~•br~•J
nru sec~~ed hr~eb,r Or lu permiT S~~d IAORTGA~iOR$ fo rccrivz and uSB it M ~ny i>.;rf Ih.:tof t4r on•.~:r ~ur; osri. .:~~i,`~_t Ih :7 ~r ~~:p„~'
ing ~ny equ~ty, 6en p~ nght undcr or by virtue oi tnis n:crtgage; and in the event sd d M0~2TGAGORS sh3!1 [or any teason fail to k.aCp 1he sa;d p~emis_s So
~~~S~~ed, O~ F:;il ~O C~r%i~er prp~n~tly dny Of S~~d po!~Cii~S Ot inSUranCC t0 sa~d MORTGAGEE, or f~:: p::,ni{~•+y t0 p.~y fu;~y any p:r~~~~.:'n fiict~4pr Or in d'~y
~EYFPGi fail to pe.fo~m, d:;ch;,,ge, exec~~e, eifea, compterr, ca»ply with and ab~de by th~s covena:u, or ~ny par~ h veol, s.+:d Mt~Ri;,.'+GEE ~nay p~ace a~:a
p.~~ for wch insur..nce or any part thrreof w;~hout waivi~ig or affecting any opuon, lien, equ~ty, or rigM unde. or b~ virtue of this Pdortgaye, and ehe
t~;l amount of each and e.e~y such pay~~irM shall be ~m~nediately due and payab~e a~~d shail bear ;nter~sr from tha de~e thereof u~~~il p„~d at the ~ate oi
~~~:~e per crneu~n per ar.nu:~~ and tc~~th~r ~nah such 6ve~~~st shaii 6e s~~cured by the lian oi th~s mortgage.
d. To permit, comn~it w suffev no waste, impai~mant or deterioration of sa~d property or any part therrof.
5. To pay atl and air.yv~ar rhe costs, charges and ex~nsrs, ~nuud~ng a reasonable attomey's fee and cos~s of a6str, cts of t~tte, incurrEd or pa~d a?
~ny t~~.,e by s~~d MORTuAG:E, bec~use or m rhe evant of ~he faJvre on ine part of ~he sa~d MORTGAGOR to du:y, pra>>ptly and fv!ty p~rfor~n, dscharge
cute, effec+, con,p(rie, co~np;y w~~h ond ab.dr by each and every ~he s~~p~la~~ons, agre.rn,rnts, to~lditio~~s, and covenann of sa~d prom~ssory note and ~his
• o~tyage any Or e~the~, ar.d ia d ccsts, charges and expenses, each and every, shafl be immedidfely dve and payabie; whe~he~ w not thrre be not~ce da
m~,nd, atten,pt to collect or s~~t pe~,d.ng; and the full amo~m of each and every such paymem shall bear imerrst from ~he dare thareof unril paid a~ ~he
~ o' +une uer ccn;~,~: ~er a~uw .:nd au su~d cc,sts, cl~ar~~s and cx~~~nses ~rxurred or paid, together w~tP wch interest, shafl be setured by the i~en oi lhis
mortgage.
6. That !a) in ~hr event of a~y breach oi th~s htorsgage o? default on tF~ pari of ~he MORTGAGOR, or ~b) in the evem any of sa'd sums of money
~•~rein referrrd to be na p.o~„Nt1y and fu+~Y Faid w~rhin ~h:rty (301 days nfnt afn_~ ~he same se~era'!y beco+ne due and payabte, without dernand or nor~ce,
ic} in thr event rach and every rt~e s~~pu:ar~ons, agreer»ents, cond,~~ons and tovenants of sa.d p~omisw~y note and th,s mortgage any or e~~her are not
i~iy, prompNy and iuiiy performcd, d.schargad. exe:vt~d, eifected, comp~eted, compl:ed w~~h and a6~ded Sy, then in enher or any wch event the sa~d ag-
a~,gate sum ment~oned ~n sa~d prom~ssory note ~hrn re~~~aining unpa~d, witA interest accrued, and a~t monrys secured hereby, shail bc:coma due and pay-
ec, e fonhw~th, or thereaf~er, at the op!~on of s~~d MG2iGAGEf, as fully aa:d comp;ete!y as i1 a!1 of thr s3~d wms of money were o~~g+na,ty s~•pu:ated
o be pa:d on such day, a~iysh:ng in sa.d p~o:mssory note or in this Mortgage to the co~urary notwithstar.ding; and therc~pon or thereafter at the opr~on of
s, :i MORTC~AGfE, w~thovt norrce o~ drrnand, suit at law ar in equ~ty, therefore or therraiter begun, may be prosec~ted as ii all moneys sxured hereby
r_d matured pnor to ~ts ~nsntunon.
7. That in the event that at ~he beg~nnin~ ef or at any time pending any su~t upon this Mortgage, of to foreclose it, o~ to reform it, or to enforce
~.,.ment of any ci~~ms hereu~der, sa~d ~nORTGAGEE sha,t apply to the Covn hav~r.g ~unsd.a~on thereof for ~he appo~ntment of a Receiver, such Court shail
t~~rhwith appo;M a rece~ver of said mortg,gc~d proprrty all and singv~ar, incl~d ng a~l and s~ngu~ar the inco•ne, p~ofds, issues and revenues from whatzver
s. .•ce darived, each and every o4 wh.ch, rt t,emg e~.press!y undersrued. ~s hereUy mo~tgaged as if spcc.hca~ty set fonh and desvibrd in the g~anr~ng and
=`;endum clavses hereof, ~rd s~tfi Rrcei~er sha~i have all the br;,ad and etfecrrve funct ons and po.ve~s in any f-~se entrusted by a Court to a Receiver, and
s_h appointmeot shail be mrde by svch Co:;rt as an ad~nittrd equity and a matrer of a6so~ute right to sa~d MJRTGAGEE, and w~thcut ~eference to tf~e
.:,~;~;~y or inadequacy of tha va:ce of rhe preperty mo~~gaged or to rhe so.vency or ~ruc~vency of sa~d f.",ORiGAGOR or the defandar~ts, a~~d that wch
-•s, proi~ts, inco:ne, issues and rever.~ei sha~l be app~~ed by such Receiver accoru,ng io the 1i~n or equity of sa~d h10RTGAGEE and the pracnce of such
CJUrt.
8. To duty, prompt;y and fv:~y perforn,, d:s;ha~ge, execute, effect, comalete, comply w;th and abida by each and every the stipvations, agreemeMS,
:~nditions and covenar.ts m sa~d pra;~~ssory ncte and th~s mortgage set forth.
9. That in the event the ov~nership of ~he mortgaged premises, or any part thcreof, becomes vested in a person other than the MORTGAGOR, the
."~RTG~GfE, its wccessors ar.d asvgns, may, w~+hout notice to tfie A10RTGAOR, dea: w~th such successor oi successor in inteiest with reference to this
~::-rg~ge ard rhe debt hzreby secured in the same manner as wnh 1'lorrgagor without in any way vit;ating or d~scharg~ng the /hortgagori liability her~
der or uFwn the debt hereoy securEd. No sa'e of fhe premises h,~reby mortgaged and no forbearance o~ the part ol the ldOR7GAGfE or its successors
c- asz~g~ss and no extersion of rhe t~:h.~ fo- ihe pa~ment of the debr h~.e6y secured given by the MORIGAGEE or its successors cr ass[gns, aI`~all operate
~o re~ease, d.scharge, modify change o~ affect the ong~nal liao:l:ry of tne MORTGAGOR here~n, either in whole or in part.
10. Ir is s; ec:f~catly agreed that time is ef ihe essence of th~S cont~act and that no waiver of any ob~~gar~on hereunder or of the obtigation se-
••_d hereby sha~: at any time th~=rrefrer be he:d to be a warvc~ of the terms hereof or of the ir:strumero sew.ed he~by.
I l. In ,_;1ci t:o :~o rhe forcyo ~~g u^tn'y p~yment5 of princ pal and inr<r~sf req~~:ea by the pro~» sicry nae secured her~bi. mort9a3or covenants
~ a agr~es to pay to n:o-tgagee :+~th eaci, ~;~onr?,:y ~;jyc,ero an add~~~ona! wm rsF rra+ed b~ r.}ortgagee to be ey~ai to l, 12 of the annual cost of the foliow-
A-A(1 real property taxrs te•ne' or azsessed d~'j3rt5t nc~ aoove desa;bcci rcal estate.
B- Gr~~:..u ~~s o~ fne and w~~:ds~~-~-~ ~nsura~ce as nere~n requ:r~d to be carr~ed cn thN ~m, ravemeats s t~ate on the above desa~bed prem~ses.
C-Pr~~,nun.s on s,,ch ~r.ort~r:ge g~~a~anty ~r.svra~~ce as merTgagee shall.frc*: a me to t~~ne dee^~ fit to carry on the loan secured hereby.
Rlortgagee sh~'~ '~cm ti~ne to t.:-,e ~io~~f; mortgagor in arr~!~~9 of the a.r.o~~t d~.: and pa~abie hereundar a~~d sucF svn sha4 thcrevpon be due and
...~L!e on rh~• ci.,~ r:.+e of iha n••,~t o;o~rh.y paym•~nt a~sd each wuess~ve mon!h therealt:r ur.til mcrtgagee shall nohfy ~nortyagor of a change in such
~~nt. Such s~ r.s s! ~e a::E. ~ad by mortgag~.e tof:ard tne payme~t of real prcperty taxes, ins~rante prem.ums, a:~d mortgage guaranty i~surance
,,,,iums.
1!~T ':~lTPJE~S ::HcR;OF, the sa:d htORTGAGOR has hereu~to set his har,d and seal the dry and year fint aforesaid.
Si~n . Sealed and de;iver in the presence of:
yr ; ~
_ ' cSeaq
_ ~ Wile G. Wooten ~s~ai1
~ - - - t5ea~?
- ' Gloria J. ~4?ooten cseai~
S"~TE OF fLORIDA ~
i 'JUtQTY OF St. Lucie ~
I
Before me perso~a:fy ap, eared ~Jilev G. Wooten
! end
~ G~OXla IVOOt@Il his wife, to me wel! known and known to me to be
i , ~ ind~viduats dzscribed in and who executed the foregoing inshument, and acknow;edged before me that they executed the same for the purposes
' Gloria J. Wooten
~~_-ein expressed. And the said_-_
~e of the said Wiley G~ {.~iooten a;epsrate and private
, ~,-nmat~on uy me taken separate and apart irom her said husband, acknowledged to and before me that she exet~ted saK1 sdatruMeM i(tely and voiun-
~~:~y and w~thout any compu's~on, cor•,straint, appre s fear of or f~om hec- 'd husband. -
WITNESS my hand and offic,a~ sea{ this_ ~ day of ~ e p_ p. ~q 72
~ ( i ( (J S__~ 4 •
. Notary Public in and for 1he State of Fbri at Large
My Commission expires: ~
Ret~rn Tc:
' F~rst Federal Savings 3 loan Assodor.on NO1rjRY PUBUC, STATE O} fLORIDAlt LARGE
O! v~-~.• FtLED ehC FF~, ~Y ~~'~~~'Y EXPlRES SEPT. 25, 1975
'ORDED i-n~Q. eY A~enczn Bankers Irsurance ~:o.
Fo~r ~~_..ar. F;o~;d~ ST. IU~tE ~vLhTT FLA. j
RO!:; n P )ITaAS
Cl~-~. ~ "~71T COURT `1~~~,
R f C C 0~_.~--iL
This Ins±run~ent Prepared By ~ Wm• E• Brauri ~N 30 4 03 PH ~11
First Federal Savinys & loan Association ~
of Fort Pierce ~ Flor ida 33450
z~;~ss1
Checked By
i
9UGK ~U3 PACE~Up~
~
x : ; - - ~
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