HomeMy WebLinkAbout0316 3. To p~,:~~ .+~:d cont~n~ovs+y lrep on the 6~~'J1„gs now or hereafter situate on sa~d land and on aC rq~~pmem and pe~so~ally coverzd by ihis mor
+ze, w:th all ptr:,,~u ~:s thrrron pa d in fuit, fire insurance ~n ii~e ~s~al s~anda~d po!~tV form, in a su:n a~.proved by tiie A10R~G:.GEE, and w~~~ds~o
~~sur~nce in th~~ us..al s+~ndard po:.cy ton:i, in a wm a~F,ro~ed by the MORTGAGEE, in such Contpdny or tompan~es as ~he /dOR1GAGEE m
d rra; and all fne and w~ndaWrm ~nsurance po.`~c~rs on any of s~~d buifd+~gs, any interast therein or part th~~eof, in ihe aggregare s:~~~ti a{oresa~d
~n excess ~hcr.of, s~~oll :~ni,~in the usu.:l ita~~d;,rd morrg,,gee clau:e or such o~her dause as the Mo~tyagee may req~.re. ~~ai.inq ~ha .oss unJer sa~d po
c~~•s, e3ch and e~ery, pa;.,~'e to sa~d A~JRiGAGfE as ~~s mte~~•at may appear, and each and every such po:+cy shalt i~ promp~ty assgnrd a~~d de~~vcred ;
.~nr h~-Id by se~d ;,tpRfGRGcE as furthar s_wrny to sald rr.o~tga~e d..•~t, and, not less ~han ten (101 days in ad+ance of the exy:irot~on oi each pol~cy, to d.
;,Yrr to sa~d ,ti',ORTG%•GEf a renev;al thereof, togeihrr with a rece~pt for th~ premium of such renenal; and ihrre sF.ail be no f~re or w~~~dsto~+n ir.suranc
~:!~ced on any of s.~ d'cu~!d~ngs, any intcrest there~n or pmt ~hereof, un!csi in ihe lorm a~d wi~h ~he to:s payable as afo~esaid; ~nd in the eveM any sun ~
ot money becu•nea pay.~L~e u~~drr such policy or poGci~s sa~d N.ORIG~+GEE sh.~ll have tha opt~on to rec_~ice and app!y the sa~ne on accou~~t o( the indebted
~.,•;s s:c~r~•d har~by oi to perm:t sa!d MORTGAGORS to recaivc and use it or any port th•~:..•of io~ o:r•+ pur. os:•s. c+.~~~~~t ~h_•~•~+ '•r-~~+~] ~"'P~~~
any equ:ry, I,en or rigM ~nd_•r or by virtue of ~his moc'yage; and ~n ~he fvent sa,d MORTGAGORS si~atl :or ariy reason fail to k<ep fhe s~~d prern~sas so
sur,.d, or f:ul to d~~:~ver pro-np~ly any of sa~d pol~cies of insurance to sa.d MORTGAGEE, er fad p:omp~ly to pay fu~:y any pre~n~~m ~her~for or in a~~y
i~•;~ ~a fa~i to pr. fo~m, d~uh.rge, execufe, effect, canplerr, comply wiTh and abide by this cove~~an~, or any part hareof, s~~d M'vRTvAGEE may p~ace a~a
for such inwr,nce cr any part thereof w~thou~ waiving or affecting any option, lien, equ~ty, or ri~ht under or by virtue oi th~s Me~tgage, and the
f..! a~uount of each and e~ery such pay:nrM shall be immediately due and payable and shail bear intercst trom tha date thercof unril p~id at the rate oi
e p.r cenru:~i pe' ann~ n and to~eth,r mith such int~rest Shal~ ae sa:~red by tht IiBn 01 this mOrtgagt.
io permit, commit or suffer no waste, impairment or detrrioration of said property w any part thereof.
5. To Nay a~l and s~nguiar t6e costs, charges and expenses, indudfng a reasonab~e attomay's fee and costs of abstracts of titte, incurred or paid at
~•~y t~~r c by s~:d h~~RiGa~~E, because or 1n the event of the (aiiure on tne part of the said MORTGAGOR to duty, promptly and fu11y pe~fonn, d~scha~ge.
..~!e, rftcct, co~„pi~fe, canp!y wah and ab.de by each and every ~he stipu~auo~s, agreements, cond~t~ona, and covenants oi said pro~nissory note and this
, o,r~age any o~ e~fher, ar.d s~:d costs, charges and expenses, each and every, shalf be imm~diatety due and payable; whether or not there be not~ce d~
,~~d, atte,~pt to co~:ect or suit pe~~d~ng; and the iull amoum of each and every such paymem shall bear interest from the date thereof until paid a1 the
, r. ,,:~ie ue~ i~~:,:. r~ ;~~•r a~~d ati so~d costs, cnarges and ~xpenses int~rred or paid, tagether wdh such interest, shall be sewred by the lien of th:s
~~:c~tg3ge.
6. That (a? in the event of any breach of this Mortgage or defau!t on th~ parf of the MORTGAGOR, or (b) in the event a~y of sa:d a~ms of money
t,~re~n re4errrd to be not pro~nf~tly and fuily paid v.ifhin th:rty (30) days nexi aiter the same severa'ty become due a~d ?ayable, wiihout demand o~ notice,
;c) in thr evem each and every rhe atipu~a~ions, agreemenn, cond~:ions and covenants of sad promissay note and th.s mortgage a~y or e~ther are not
ju:r. pron}ptly ar.d iu!ty µertormed, d.scharged, execured, effected, canp~eted, comp:~ed with and ab~ded 5y, ihen in e~ther or any such event the sa~d ag
~-~gate sum menLOned in sa~d prom~ssory note then rema~ning unpa~d, with intere~t accrued, and a~l moneys setured hereby, shall become due and pay-
fortn.v~th. or thereahe~, at the ops~on of s~id MORTGAGEE, as fuily and completely as il all of ~hr said sums of money were a~ginally st~pu~ated
b.~ f;a.d on wch d.:y, anyth;r.g in sa.d p.e-n~sswy note o~ in thi: Mortgagr to the contrery nos.virhstand~ng; and thereupon or thereafter at the opnon of
,.f l~10RTGAGEE~ M~1f1GJT nonce or ciemand, s~it at law w in equity, therefore or thereafter begvn, may be prosecuted as if all moneys secured hereby
~..d inatvred pr~or to :ts institution. ~
7. Tl,at ~n ~he event ~har at ths beginn~ng of or at any ti~ne pending any su~t upor, this Mo-tgage, or to fo.eclose it, or to reform i1, or to enforce
..s.~ent oF any r,,~~„s he~eundzr, sa~d MORTGAGEE shali apply ro the Court having ~unsd.u+on thereot for the appomtment of a Receiver, wch Court shaii
~~rhw~th a~F u~N a r~•~er+er oi said mo~tgag~d property alt and singufar, inci~d~ng ail and sir~guiar the ir.come, profds, issues ar.d revenues 4rom whatever
::-cc d~.~Yed. e~ch ar.d every of wt~:ch, it be~ng expressly undersrood, is hereby mongaged -s ~f spec,ficalty set forth and describrd in the g~anting a~d
~'.~~dum c'avsas her~~of, and wch Rece~.er shall have all the br~ad and effecnve funct,ons and powers in anywise emrusted by a Cou.t to a Recaiver, and
~~~,po:n~n cnt sh3i; bc maoa by wch Court as an ad•nitted rquity and a mauer of absolu~e r:ght to sa~a MORTGAGEE, and withcvt reference to the
i a,,,:y or i~~edeq~ac~ of th~- va.ue of the property mo~tgaged or to the so.vency ur mso~vrncy of sa~d MORiGAGOR or the cleftndants, and that such
'S, ~rJt:15. ~nCO~~~P, iss~es and ievenues shaN be applied by such Recriver accord~ng to the lien w equity of said MORTGAGEE and the praUice of such
L.J V f
8. To d~'y, prom~r:y and f~~:!y perform, discharge, eaecute, effect, compiete, Comply with and abide by each and every the stipulations, agreements,
drt~ons and covenarrts ~n sa~d promissory r.ote and thls rtzortgage set forth.
9. TF.at in the ev=:it thc owrenh~p of the mortgaged premises, or any part thereof, becomes vested in a person other than tne MORTGAGOR, the
RTG%.GE~, i!s sLCC~~sscn a~:d ass~gns. may, w~rho~t no~ice to the AtORTGAOR, deat w~th such successor o~ successor in interest w~~h referencz to this
.~g,~e a~ o The d:~t hereby secured in rhe same manner as w~:h ~tortgago. w~thout in any way vit:ating or dacharging the Mortgagors' liability here-
or uE on the d~~b+ h,.~reby secured. No saie of the F~ernises hereby mortgaged and no forbearance on the pan of the /110RTGAGEE or its successws
':~ss•~~~,s a~~d r:o exre~~s~o~ of the t~me for rhe payment of the debt hereby sec~red given by the MORTGAGEE or its successors o~ assigns, a~~atl operate ~
r_~~,,se, d,scharge, mod~fy change or affect the orig~nal liau.:ity of the A.ORIGAGOR here+n, either in wlr~le or in part.
10. It ~s sc~c ~~:a;~y agreed tF.ar t~+„e is of the essence of this comract a~d that no waiver of any obl;gat~on hereunder or of the obligation se-
_•_d hereby sha:~ at an~ hme thareafter be heid fo be a waiver of the terms hereoi or of the instrumem secu~ed herby.
; t. i„ j r,~, th_~ focegc ~~7 m.onthiy payn~^nts of p~~nc pa: and interest .equ~red by the prom rery nae s:cured herebi, moctyagor covenants
.,,,,._~~s tu ro o-f j.j~ae v.~ih each mo~vh'y pay~..ent an add~r~onaf su~~ esf ared by mortgagee to be equai to 1. 12 of the an,~ual cost of the foliow-
A-..I r..i: ;;ro;;••-ri taxn iev~~~ or assess~•d agai^st th•_ ahove desc~+5cd real estate.
o F:, ~ s o:~ f n~ ard w~~:dsro-n, ~nwra~-ce as iier~~n rrqv~red to be carried en thr ;m;:rovemeits s;tuate on th.•~ above daxribed premises.
C- P~_• -.u s o~ s,::h rnc•t~. ge guaranty ir.sura~.ce as mo~rgagoe sh3(1 `ro:r t me to time dcem fit to carry on the loan s^cured hereby.
t: orq,~~~e r• • n•• he to tr.~~e +~o~:fy mcrtgagcr m wr~t~ng of the a^-eu~t d~^ and payab~e herevnd~r and such su•n shafl thereupon be due and
e o~, rF,; ;i,_ ci rt.~ n,,,r «,onth.~ paym.~n~ and each w:cess~ve month thereafrer ur.t~l mortgagee sha!t ~ot:fy morfgayor of a change in svch
, a~t. S~ch s:;^u s*a i be a;,~• ~ed by morrgag~.e toward the payment of reai property taxes, inwrance prem:ums, and mortgage guaranty insurance
~ ".;J'~S.
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~ iV '~:.1NE~5 :':N[REOF, the sa~d MORTGAGCR has hereu~to set his hand and seal the day an r st aforesaid.
~ gn , Sealed a:,d d" ere~ in,the preser.ce of: , ~
ti ' i - C a~)
t ` - Le S J. N 5 (Seal)
r ~ ~ ' `r-~ ,~t.[_~ (Seal)
~ ~ _ --~~-1- - - - - -
~ - - - - - Pearl M. Noakes (~ai)
~ _ . ~ ~ OF FLORIDA ~
~ SL. LuCle
~'~TY OP ~
Before me personaliy appezred LeW15 1. Noakes and
_ Pearl M. NOakes h~s w~fe, to me well 4nown and krrown to me to be
~ +nc:~v~dua:s desc:~b_d in and who executed the foregoing inshument, and acknowtedged before me that they executed the same 4a the purposes
~ •'~-~n exrress•~d. And the :~~d___Pearl M~ Noakes
~ of the sa:d _.~w1S Noakes upon a separate and priva~e
~ n nar.on by m.~ taken separate and apart from her said husband, acknewledged to and before me that she exec~ted said instrumem free:y and vo~urr
y d~ C1 'N ~i:out any co~:,pu.sion, consna~nt, apprehe/ns~on or fear of or from her said husband. ~
a W!i?~cSS my hand and official seal this_ ~L_:1(_._-_ day of_ ~ JU1 - -•~..~A_•D.'.19 72
F~ ~ _ 1/ -
~ + r ~ l 1~1, i :1 '
e~ Notary Public in a~d for• the State of FlOrida lbrge :
~ My Comm~ss~on exp~res: . , •
Re+turn To: ~ y ~
r:rst Fedzral 5~+~~~~s b loan Assoc~at:on NOTARY PIM'!5, STATt Ot FiORID{~~i~[ LAR~
MY COMrhI~•';t~'•E:F'!RE~S SEPT.'25~ 197j
~ o• ,-r P < <
Bonded 6y Ar~,,.:~a~ I~~eR Ms~rante ~
~ c..-.rt F,-rc~~. Fi;,r~,:,j~ ~ ~ '
235203
~ Fueo ~?N^ R~coROEo
Th~; In;trument Prepared By Richard K. Kayes ST.LUCI% COUNTY FIA.
ROr.:;, ~S~TRAS
~ First Federal Savings & Loan Asso:iation Cl4RK C~ :~~UI? CCURT
of rort Pierce ~ Florida ?ff.^,5': VE+' (IEJ..,,_~~
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~ ~~a~k~n e, Auc I I 2 07 PM'71 ~.~<<`~,
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aoox eacE
~ °R205 316
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