HomeMy WebLinkAbout0085 3. To i.'.,.e .v:d conr~nuousiy keep on the bu~id~n9s no.v or h~rc~f~er s~t~~ete on s~~d land and on a~~ ~•q,~p~nent and personaliy co~r~ed by th~s mor
Age, w th all pren~:~ ••.s thareon ~n full, fue ~nSUla~IC@ ~n ti~_ usua{ u.~rderd po'~;~ form, in a s~m aH~,ioved by the htuK.c,AGEE, snd w~ndsto
;nsur;~ncc ~n rf,r uwai sr,nc+,;.d Nol.cy form, in a wm approyed by ihr h1ORT(',AGE[, in such tompany or tompan:es as the f.:021GAGEE m
d:rrct; and all }ira a,d w,ndsti,~m insvrante poiic~es On any oF Sa~d buiid~ngs, any intereil thcrcin or part Sh~~rref, in ihe agg~~ gs~e w~n aloresa~d
~n eacess th,•rcof, s~•.ill conf,ln the us~~.:l s~and~rd morrgagee t~ause o~ wch o~her ci,~uce as the Mo~tgayee may rrqv.re, mok~ng ihe ~oss unJ~•r s~~J po
s. ~•3th ar.d ~~very, pa;,,b~e to s,~~d ~UpRTGAGEE as ~tn intcrest may appear, and each a~d every ivch po',c~ shall be prompt~y ass g~~ed and d~:~v~i~d :
any h~•td br a.~~d ;.;ORf;,AGtE as fw~har s:•cur~ty to sa~d n,ortgagE d~~ut, and, not tess ~nan ten (10) d~ys i:~ ad:~n~e of the eYpuanon of each po!~cy, to de
I.,;er to s.,~d ~tORTGs.GiE a ren~~val lhereof, logt•the? wifh d re[e~pf f~r Ihe prrmium o( Such renr,nal; and there s!wll be ~w Lre or wi~~dsronn ins~rant
~>!ec~d on any of s.~~d 'n,,i'd,~~7s, any inn~rest thcrein or part ~hereof, un!rss in the {orm ar~d wnh the los: poye6!e as afore:aid; and in the eveM any sun
uf n~cney b~co~nes poy,,b!e ur.dr~ scch poticy or pof:des s.~id IL;ORTGAGEE sh~l~ have rhe op,~,on ro ~eu:~:e ~nd apN!y the sa~ne on accoun~ of the indebrrd
'?~•SS ScCe.r~d her,:by or to perinit S.~id MORTGAGORS ~O tc'Caiv@ anC1 utB it or an~ p.~rt th•..rJf tur o:itrr Hur;~~sa~i. ~~.~ti•.:ut th:n,~~ v:~.~`J ~'O~P~'~
•ng any equ:ry, I;en or r~gl,t ond~~r or by vi~tue of th~s mc:~gaga; and in the event sa d h1pRfGAGORS sha!1 `.or any rcason fail to kaep the said prem;ses so
:ns~r<~d, or f,tl !o d~•~~var pro~n~~t1y any of s~id pof,c~~s o( insu~ance to sa'.d h10RTGAGEE, or fad promptly to pry fu;ly any p~r ~u„m ~he~efor or in any
~-~P~'~t ~J~~ 1o pe~~orm, d;s~{~,~ge, execute, effect, C~mp!et.r, co•nply with dnd abide by th~s cova~i~:v, or any part haraof, S•+id MGRTGaG~E may p~ate a~d
F a~ for s„ch insvr„nce or any part thereof w~thout waiving or afleding any oNt;on, tien, eqvay, or r~yht ur,der or by virtue of th~s hto~~gage, and the
r; ll a~no~n~ ef rach a~d every such payment shalt be immed~ately d~e and payabi~ and shall bear int~vest irom tha dat2 thercof until pa~d at the rat~ of
= e pr~ c~n+u•n E;~r ,~,:nu ,,~:d to~~ih~•r w~~h such insares~ shai~ s~cu:c•d by the Gen of ~hcs mortgage.
4. To cermit, commit or suffer no wasre, impairment or dotariorat~on oi sa~d property or any part thereof.
5. io pay ait and sing~(ar rAe costs, charges and expe~~srs, ;ncluding a irasonab)e attorney's fee and cesh of abs! acts o( tiNe, incurred or pa~d at
^~r t~•~ by s..~d A1~~RiGAG'.E, because or in ~he event of the fa!lure o~ ~he par~ of ihe said h10RTGAGOR to duiy, pro~i~pNy and fv~ly p~rtorm, d~scharge.
•-c.,t.~, ~feru, ccmN:;:tc, te•uNly w~th and ab.de by each and cvery the st~p~lar.ons, agre~~nents, cond~t~ons, and covenants of sa~d pro:ni;so~y note and this
~rry~ge any or ~~!her, and sa:d cosrs, tharges and ex}enses, each and eve~y, shaN be immrd~atety due and payabie; v+hether o~ not there be no+~te da
~,•,J, ~'ie ~ pt ro co,;ec~ or s~;t pend.ng; and the fult a:nount of each ond r+rry such paymem shall bea. inrer~~sr from the date thereof until paid at fhe
'~~~}e u~r c„~~c,;;+~ o~~:w:n; ,::~c ati said costs, charges a,~d cx;-rirees ;rxurred or pa~d, toyather ~v.th iuch ioterest, shall be secured by the I~en of th~s
~ crtgage,
6. Thar ;a? in the e~m of any breach of this hlortgage or defao~t dn tFw part of th~~ MORTG~GOR, or ;b) in the event any oi sa:d sums of money
~ein rofr:r_d to ba e;~t pr~:~~p!ty artd ~uNy paid wirlun th~rty t30? days ne..t a~t~~r the san.e serera':y beco~~ie due and pafob!e, without demand or not~ce,
-.c? in th_ event eech ar,d every ~he sripvanons, agreements, cond~~ions and covenants ot sa,d promisso~y nota end th,s mortgage any or e~ther are nol
i,:y, pro nptty and i~„y ~.e~to~~ned, d.scharged, eaec~ted, effected, canp{eted, compGed wnh and a6~d~d 5y, then in erther w any such event the sa~d ag
; ye!~ w~n ~r.enno~~rd in s:+~d pro~~:;ssory nc>e then ~emaining ~npa~d, with interrst actfued, and a:t ~none~s s~cured hereby, shall become due a~d pay-
fcr~h,,,~rh, or :herea!rer, af fhe opt~on of s~~d A10RTGAGEE, as ful~y a~.d comN;ere!y as ii a~l of rht sa.d s~~ns oi money were o~~g~naliy snNuia~ed
•:,~.d on socA d,;y, ~nyrF,;ny ;n sa:d prorn~ssory n!+te or in th~s Mo»gage to ~he coro,ary not~vlthst3nd~~~g; and +hereupon or thereafte~ at ihz opt~on of
.i t.!OkTGAGEE, ti.~ri;o~! r:of:ce or demand, suit at law or in equ~ty, therefore or thereai~er begun, may be prosecuted as if all moneys sewred hereby
~ .l mat~rec3 ~ir,0! t0 ~15 ~nstit~,T;On.
7. Tl,.,r in tf,e event ~hat at the beginnfng of or af any time pending any su~t upon fhis Mo~tgage, or to forectose it, or to refo~m it, or to enforte
.~.~~en~ ef any ~~,,inu h~~.e~r.d~r, said A1iJR?GAGEE shaf: appiy to thz Co~r? having ~ur~sd.ct:on ti~.:eot (or the appo~nunent of a Receiver, such Cour: shail
•~~.eith a;.,,.,~~t a r~te~•~er of said n~ortgag~-d property ali and sin3ula~, inci~d+~g aii and s~r.gu~ar tiie ertome, profrts, issues ar,tl reyenues from whatever
;.j~nv~ci. er„F~ an:! every of wh.ch, ~t befng express~y underzroocl. is Ferauy mortgaged as ~4 ~pec~ficalty set forth and describad in the granting and
~~:c!~,;•n c:+.,s~s h.~r,oi, ard such Receiver sha~: have all the brcad and efiec:~~e f~.,cz o~~s and po~oers in anyw~se entr~sted by a Court to a Receiver, a~:d
~,,F.c~n~r. ,:,s sh,:: te ade by s~cA Court as an adrurred equity ar.d a matrer of absosute nghf to sa:d A50RTGAGEE, and withow refcrente to the
.~::ci er ~n~u,~q,•c; of tf:e val;,e of the pro~~ty morrgaged or to rltie so..er.cy or ~nso~vency of sa~d h10RTGAGOR or the defe+~dams, and rhat such
• •s. Hroir,s, inc_• ~~e, iswi~s anct'revenues shait be appiied by such Rece~ver accord~ng to the tien or equ~ty of said MQRTGAGEf and the practice of such '
o u: t.
8. To d~:y, Frc~,r.c:y und f~:ly perfo.m, d~scharge, execute, eifect, complete, cor.:piy w~th and abide by each and every the stipulatiens, agreements,
d,t~c~,s ond o~v_n;~us sa:d promissory note and ~h;s martgage set forth.
9. Thar in the •~~e^t rhe ownenhip of the morlgaged premises, or any part thereof, becomes vested in a person orher than the MORTGAGOR, the
'~RTGAG'_E, ~rs wcc•>sors a~:d ass~gns, may, without no~~ce io the A10RTGAOR, deal whh such s~ccessor or successor in imeress with reference to this
sg_ge a~ d•he d,o? F,~reby secured in the same manne~ as wnh 6lortgagor w~thout in any way vit:ating or d~scharg~ng the G4ortgagon' liability here-
i_r o~ uF on rh•~ drt,~ h_re:a~ secured. No sa:e of the Frem;ses he~eny mo.tgaged and no forbeara~ce on the part of the /110RTGAGEE or its wccessors
.,ss a s, d•.o exrer;lon ot the time for the paymem of the debt hereby secured given by the 110RiGAGEE or its sutcessors or asslgns, a~~all operate
~~~_,se, d.sc~arge, mcd~fy change or affect the oriy~nal liau:;:ty of the M.ORTGAGOR I~err~n, either in whole or in part.
~U- tt ts scrc r~,~:~y ~,g~~ed ~hat rime is of the essen~e of th~s conrracr and that no waiver of any• ~gai:on hereunder or of the obligation se-
c-_d 'tierebl s~:ai~_ai an~ r~~e tFw_reafter ~ hc;d to be a waivzr of the terms hereoi or of the ir.strumem s u~ed he~by.
I^ .:i'' • c,•o r~~c foregc ng n,omh!y payments oE prir,c pat ar.d interest required by the pron~:isc.ry r,ore sccured her~b j, mortgagor eovenantg
=_s ro r:o-~y.ig.:e w,ri~ each monrhiy pay~:,e~~i an ad.L~icnat sum esT ~,:ared by mo,-tgigee to be e:{val to 1: 1? o# t:~a annuai cosr of the foi{ow-
r~,~i ,:„pc•t~• fax~s !erie~ or assess_d ag3~•,st the abave descr~bcd reat esta!c.
~
£ F~ ; on f~r~~ and wir.dsto'm ~nwrarce as ner~iti r,-q~:red to be carrie•d o^. the ic~;;~oveme~ts s~tuate on the above d:scrEbed premises.
~-Pr~•~ s u e s;;ch •eon~ :ge guar~nty icsura~.ce as mortgagee shait fror s me to time decm fit to earry on the loan sec~red hereby.
. o~!~.+_~<c i~~~i rrne ~o t~ ^e »or~fy mcrty;ger ;n writ~ng of the a.rou~t d~e ard payabie hereundrr and such sv•n shail thareupon be due and
' c~ ~h,• et~_ ',~.:r~~ ei rh ~,~.•.T :r,J ;th:~ payr,~e~~t and each successive moc~th thereafr~r ur.ril mortgagee shali not;fy mortgagor of a cha~ge in such
•~t SucF~ s~ ~,s sh F.e a;:p ~<~d by mortgag.~e to::ard tt~e payn,ent oi real prcperry taxes, insuran[e pre~n:ums, and mortgsge gua~anty insurante
. ~iU:~,S
~V ?PJE~j ;':N:REOF, the sald MORTGAG R has hereunto set h~s fiar,d and seal the day and year first aforesaid.
ed, Seale a e' r in the pr ce of: / t~
~ * rl~G~t~k.;.a ~'j/! l`"7/I~G~/~al)
' Dahl ' M. nu a sin l~~dult
K.J ;G'lf tseaiy
Michael W. Regan~ a sinQle~y~ult
=:TE OF ELOP,IDA
St Luc le
i J'~TY Of ~ ~
Brfore me personally appeared Dahlie M. F'~C~'t8ilU5~ a sinqle adult ~ and
__~Ct1ae1 ~11. Regan, a single a(~U~.t to me we~f knorin and known to me to be
_ irid;v,dua~desu;brd in and who executed the fwegoing instrument, and acknow~edged before me that they eaecuted the same for the purposes
~ ..e~n eapressed. 7~,1LdQ@CJ(Dk$_--
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~7qQtiX x~CX06DU61fS~GlC~bEY~t~ 76iQ]f~~]QL3~KlCifiKX,i4~Gl6~C]falWCitik~ilb~
'sc~mtlcstxx~l~t~c9e~cc~voeu~rtoc~t ~xoc ~ ~ ' . .
Wi7NE55 my har.d and off~oal seal this_ day of l~t1 L15t q~ y~ 7~
• ,R `t i/T: - =
_
Notary Public in and for th ate of i~a •At~erge
My Comm~ssion eapires: n - -
. y~':' ` •
Return io: T~'.j ~ ~~~T t~~
r".rst fcderat S~•r~c,gs 3 loan Aasouat!on ~3~~~6 ~ ,~,j+, ? y 1? ~
, F:_.~.., Fi~fe R~co~o~u ;y •;,:i.,~+}' .
RN.
ST.IUC~t ~i'UNTY fL~. '
i ROC' = p~tTRAS .
CIFRC '.':'•CJiT COURT
Th:~ Instrument Prepared By: Gary F. E11~?ooc1~C0^C Y£Rt~'EDr..~~~
First Fe~eral Savfngs R Loan Ass~ciafion 1 '
of Fort Pierce ~ Florida 33450 Auc 3~ 4 Zo PN ~
f
_,~~iCrf.
ch~~k~~i BY ~
6DUK PAI'~E ~
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