HomeMy WebLinkAbout0077 J. To {,`.,ce ,~nd cont~nuous!y kerp on the Lw'd+~~gs no.v or t~rrcaiter s~tuate on said land and on a!I equipminl and perionaUy COVer~~d by thif mor
+'t~~, w ti~ a:l pr~•~~::,, ~:s ti~,reon i,a d~n fu11, f~re i:•i..r~.,ce ~n lt:e ui~~l s+~i~:iard po:~cy iorm, in a swn a~,N~wed by Ihe MUR~G:.GEE, a~~d wi:edit0
~s~~r~;:ic in ihe uw~l s+enJ.~rd po:,cy ionn, in 0 wnt ap~.rov~d by Iha AtURiGAGEE, in w[h Co:t~~:any Ot Co~n~:an~eS a3 ih~ t.'.O~TGAGEE m
ci~rrct; a~id ali Gre a~.d w.nJatoim inw•ante pohc~es on any of s~~d buud:ngs, any inre.cst therain or part th~reol, in ~he aggi~gate w~n atoresaid
~n eateis th~~cof, sF~a!1 con!.,~n tl~e ~s~~a~ :tand,rd ~i~orrg.~gee uwee or auch other da~se as ~he Mor~yag<e may reyu~re, ma?mg ~I~e loss undar sa~d po
c:s. r.+;h and :+ery, pa~.~b'e to sa~d :.10RiGAGfE os ~ts inter,st may appear, and each and every s~ch p'v!:c/ sha;l be prompNy assyned e+~d de%ivarrd :
en~ h~~td Gy s~;d A;t~R'G.AGcE as f:,r~hr. s_cc~iry to sa~d n,o~tyage d•~ot, a~+d, not less ~han ten (10) days in oJ.ance of the ex~:irahon of eoch po1~~y, io d.
,:c•r io :;~d !.10R!(;AG:£ a rrne.val ~har~of, toge+her w'nl. a rece~pt for ~he p~r+mum o( svch renewa!; and ~hrre shaiV La no L~e o~ w,~~~datc~m insurai~t
~'.,tcd on any of satd 'oui'd~ngs, any ;ntirest th~re~n or part rh_~rof, un.~ss in rhe fonn arod wnh !he loss payab:'e ~s aforesaid; and in thc event any sur.
of r.:o~~ry 6rco ~•es payab;e under wch po:ity or poLcies sa~d MORTG~GEE sh.iil ha~e ~ha opt,on to rec•.+v~• :,nci ap;,'y ti~e same on accoun~ of the indabtcJ
ss s_a.~:•d n:•,.~bp or ro p•~r:n~t s.,~d MORTGAGORS to reca~ve and uae it or any p:rt ~h.,:eof Icr o:~~_r ;:v~; os•:s. .~,:rh,ut tt„•~,~; .v:.+~.,~ ~ r~~p,.~r
any cqw~y, ' en or r~yht undea or by virtue of !his mor'g~ge; a~~d in the event sa:d A10~2TGAGORS shafl °o~ any rea:on (ail to kaep the sa~d premis_s so
-~s~~,d. or f,il fo d=fiver pro~npt:y any of sa~d poLe~es eF inwrance to :a!d MORIGAGEE, e~ i,,:~ p:omprly to pay f~tty ony pre~n~um ther~for or in any
r.•;, ~a ta~t ta ;.er~-vrm, d~scFia~9q e~ecute, ef}ret, ca~~µtc0.~, compry with and ab~de by t}t:s tovcn~ni, or any part h~•reof, said FdGRTvAGEE may plat~ a~~o
c:: fcr s;.ch insur.~nce or any part ther~of woho~l waiving or aff~cting any opfion, lien, equ~ty, oi riaht u~drr o~ b~ virtue oi thls 6lortgage, and tht
_:1 a,;;evnt oF each and c.e~y wth paymrnl sha:l 6e immediately due and payabfe and sheil bear interest irom lh.; d~te thereof unril p„~d at the tate ot
r ~~.,~r t:•r~t~•ri F.~~ ~.:n~:•i e,;~i t~?cfh~_i L1~•h Such ~ntt•;est cha~! be i~`curc~d by the lien O~ 1hi3 mortgage. .
J. lo ~ermir, co~nmit or suf(er no waste, impa~rm~nt or deter~oration of said property or any part thereof.
5. To p,+y atl ond singular the costs, charges and expe~~ses, ~ndudfng a rEasonable a~~orney's iee and costs of absrraUSlof tnle, incu:~ed or paid at
t~ • e by s_,d '.1UR?~AG`_E, because or in the event of the fa~lure on the pan of the safd MORTGAC~pR to duly, p~o~npr{y and f~lly parform, d~scharge.
efic.l, cc:np:r~e, co•~~p'y w~th and ab.de by each and every ~he s~ipvlat~ons, agreements, condit~ons, and covenants oi sa~d pro~nissor~ note and this
,;rsg„~_ any or e;~he., a~:d s3 d costs, charges and expenses, each and every. sha~l be imm~d~etefy dur and payab:e; vrhether or nor rhere br nor,ce da
::I, ;.tr~ ~ F,f to w:i~-ct or s~it pe~:d~ng; an~ rhe fu!! amount of each ard e~e~y wth paymem shall bear ~n+eresr from the date thereof wnil paid a~ the
. ~~e ccr c~:::~•~~ p.-: ,,,i:w ~nct otl sa~d costs, ct~a:g~s and eR;;eraes ~ncwred or pa~d, toyethar w~th such interrst, sfiall be secured by the lien of Ih~s
_ ~ tg~ye.
b. ihar ~at in tha ev~nt of any 6reach of this 6lorrqage or defauJt on tha parJ o! ~he AtORTG~GOR, or ;b} in the evenl any of sa:d sums of money
rci~•rr~~d !o b_ ~,~t_~ _.~~~~+~y a~,~i tu:1y caid with~n th;ny (30) do~s nrxt acrvr the san,e severa::y beco~ne due and payable, wi~hout demand or noticc.
, •.ci in ~h~ e.~ent e~ch a~d every t!~e shpu:at~ons, a~reements, cond.!~o~u and covenants of sa d pron~~ssory ~+ere and th,s mo~?gage a~iy or eithzr a~e oot
!-•'y, f:,-o~npNy and f~;iy prrlon,:~~d, dscharged, exewted, eiteued, completed, compl~ed wim and ac~drd Sy, thrn in e~ther or any such evem fhe sald ag
• ~~!e wn ment~~ ~ed in s~~d {.ro~n+ssory note ih_n remaining u~tpa~d, with interr~t acuued, and a~l mone~s setured hereby, st~a~t become tlue and pay-
_ ~ fe~rh,v:th, c~ ti<<,r<•a.'t,:r, at tha ap!~on o! s~id h10R7GAGEE, as tu;ly ard co~np~etely as if a41 of tn~ sa~d su~ns of mo~ey were orgina~ly st~pu~ated
d:•n such dcy, ar.;th;n~ ~n s.: d pro:n:ssory note or in ~his ldortgage to the co~~rrary ~ot.v~thsrandnig; and th~reupon or thereatter at the opt~on of
!:',ORTG:,GEE, v.;t!.o~t noT~ce or dcmand, suit at (aw or in equity, the~efore or thereaf!cr be~un, may be prosecured as if all moneys secured hereby
~ ;i matv.•c:i pr.Or to ~ti uisl~tut~On.
7. ~h;t ~n the e.ef~t ~hat at the beginn~ng of or at any time pend;ng any wit upon this Mortgage, or to loreclose it, or to reiorm it, or to enforce ~
.,^~ent o! any d.~~~~ s h~r~,;nd~-r, S,,~d fdJRTGAl3EE sha:I appiy ro t4ie Covrt hav+ng ju~~sd.CtiJn thercot fer the appo~nrment of a Rece~ver, such Court sfiail
~ _~,::rh ai E.c:•~t a~~cei~rr o4 sa~d murtyag~d property eil and s~ng~;a•, in~iud,ng aL' a~~d vngu.ar ~t:e ~r.~on;e, prof~ts, iss~es and revenves irom whatever
d~_-~;ed. e~ch ard evcry of .,h,ch, rt be~no e~press!y ~nders~ood, is hcueby morrgaged ~s if spec~i~caCy set fonh and desuibed in the g*anncy and
•.~.J~~n c a„s.s h<r_-ef, ard wch Receiver sha~; have ait the broad and effecr;ve fu~~v.ons and pov.ers m anyw~se en!~usted by a Cou~t to a Receiver, and
a, ;~unrn~::,t sF,,:'. nc• m,ede by such C_ourt as an ad nittrci equity a~:d a matter of absoiute rlyht to sa~d h10RTG~;GEE, a~d withoul reference to the
;__cr cr ~nac'equ~c; of tF:e vai~e of the property mortgaged or to fhe sorvency o. :nso+vency o~ said 610RiGAGOR or the defendants, a~~o thai sv;h
~'s, f,rOie15, into.ne, ~ssues and revenues shail be app~~ed by wch Rece~ver accord,ng to the lie~ or rqu~ty of sa~d MORTGAGEE and the practice of such
~rt.
3. To d~:i, c~cmF.''y and i~l~y perform, d~schaige, execure, effect, comptere, compfy wlth and abide by each and every fhe stioulations, agreemenfs,
,_i•aons ard c•~venanrs n sa,d prom;ssory nole and sh~s mortgage set for~h.
9. 7har in t!e eve;~t the cw~ersh~p of thz mortgaoed prem~ses, or any part thereof, becomes vested in a person o~her than the MORTGAGOR, the
l;.TG~:~-'c. ~+s s_cc•,sssrs ar:d assi3ns, may, wiihout nonce ta the A50RTG~OR, deai w~th such suctessor or successor in interest with reference to fhis
`g.:gr a• J•t:._ ~i-,~t h•~rety secured in the same noanrser as w~rh A1o~tgagor without in any way vi~:ating or d~scharging the /dortgagors' Iiability here-
_cr o~ on th=• d~ ~.t h_-~•~y s-_c~~ _•d. No saie oi the Fre~~~ses hereby mo~tgaged ar.d ~o forbearance on the part of ~he /10RTGAGEE o~ its successors
-,:ss,~~~z e~d •~o exte,~s:o~ of .h~ t;me fe: rhe payment of tt;e debt h~.eby sec~red given by tne PdORTGAGEE o. irs successors or ass~gna, a~~all operate
.e~«s~~, d.s:~:arge, med~fy char,gr or affect the ori9,na1 16aa:i,ty of fhe M.ORTGAGOR herein, either in whote or in part.
10. Ir iz a: ~:c F:c>,ly a~.~~ed thaf tlme is o( the esse^ce of th~s contrad and that no waiver of any o6~igat~on hereunder o? of the obligation se~
,•~-d harEi~y s~s.: ai ani iin,e ~hcr~-a4te~ be hc!d to b~ a wailer of the terms hereof or of the instr~ment set~red herby.
1t ,'o +i:c fort~=c :3 ~nomf~'y payrr:r.ts o` ~.-i~:cpai and int_i~st requ~red by the prom:sscry ~ia!e sccured heeebr, mcrtga^yar covenants
=,,~-~s r~ r~,, ,-r~ ~~_c ,.~ri~ cach oneh.~ ~,.3r~.:ent ~n o:ici::ionai sum cst:- ared b~ mortyagee to be equal to 1. 12 of ~~ie an:~uat cost of the foilow-
, ~ . ; t.3¦=s or assess_ci ,~y.~~ .ss fh~ a6ove descr~~~ d reat est~te. -
~ F- s cn f.. ar d..,r.cisrUrn, insurzcce as ne:e~rt reGl:red to be carri~d e~~ fhr ~n~r{ovem,~~15 s:euate on th~ abe•:e deetr%bed premises.
C-P-_ 5 c~ suci. .n~rrg .g._ guara~ty irsura~ ce as mc-!gagee sha!! fre^~ T.^~e to t;~ne deern fit to carry on the lo3n secured hereby_
„•c~3:;~•_ s` , n~~ io t~-~~e rer+f~ mcrtc.:g-r ,n ar;t~~;g of the a~~ou~t due and payable hereundar and sucn su~~ shait thereupon be due and
e c. :i,. c r~, or +h~ r.~,ar n~,onth:~ p.3y~r..~;;t a"d each s:.:cessive :ronrh tnereafr-,r ~r.t'rt mortga~ee sha!1 notify mortgagor of a change in such
. Sc:h s~ cs s~ :_E ap~, ied by mortgay.e rawa•d rhe pa/-~ent of reai property taxes, insurance prem:ums, and mortgage g~aranty insurance
~ -~5. ~
f'J ::;T?!~j5 ::H~R:Of, the sa~d ~tiORiGAGOR has here~r.to set h~s hand and s~~e! rhe day and year first aforesaid.
' 5 9ned Sea;e d~d detiv ed i the presence of: ~ (
- ~ - _ ~i~ `r l ` f~ t„~,~ J~ ~'~.t~
~ ,~_(Seal)
Erne st . G im f ~~aq
~ , ~ ~ ,
~ (~~i..L.Li.CS~ L I ~ ~ 1 ~ s~ z (Sea()
' _ r Chel Grim5leY! (seal)
~ - -
' ~ _ '.?E OF fLORiDA ~
St. Lucie
.~'dTY OF - I
' rnest T. Grimslev
I 8efore me pe:sonaUy appeared ~
and
' Ra hel_
~'-r-1IA-~-~~x-- _ h~s w~fe, to me well known and k~own to me to be
i i-.d~.~clva:s descr~c~d in and who executed the foregoing instrumeM, and acknowledged bEFore me that they executed the same tor the purposes
Rachel Grimslev ~
•e~n expressed. And the sa~d_ ~
. ~ of tn~ ,.,:d _ _Ernest T'. Gr1m51ey _ _ ~_•upqn~'sepa+at~ and p~ivate
~-*v r,.a'•on by r•ie ta;en s~~a~~rQ and apart from her sa~d husband, acknowledged to and before me that she exetvted sa~d'instrtnne~l~,~r~etjr.and voluo-
i d~:d v: 'f:o~t any co^~p~~sion, corstraint, apprehe~s.on, or fear of or from her said husbartd. ' •
~ i .
~'.ITF.:55 my hand and off~c~al seal this_ _ 7th day of_ /~U US r ~-•{j4 D. 19~_
` ,
J : t : n~
~ N
Notary Public in and for tbe~ E) pi=Fiprida ~t (arge
My tomm~ssion expires: ? ~ " '
R~1~„~ To: ~35~/L/~ NOTARY ~9lIC;wSTATE OI,FI}~U1A n IARGE
i:rst F~daral 53v,1,~s S Loan Assoc~at!on
F..,.: YY co~Mlssln't E7I~1RE3,SEpr. 25. 1975
F...-~ f;,:, FILED A+iG ~ECOR~EO Bonded dy AmEric~n Bankers Insurance w.
ST. LUC+E ~~UNTY FLA.
ROCf ~ i ~~"RIIS
CIfF~. G'~G~1lT COUR7
REC~~'f' ycc c~
~
Th;; Ins!rument Prepared By Richaxd K. Kaye~ ~ j 20 ~u
First Federal ~avings 8~ Loan Association il
of Fort Pierce , Florida j~~~
C!,_ck~d 8y~_---
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