HomeMy WebLinkAbout2345 io p'.~cc a•:d co„f~nuo~s~y kcep on tl~e bu+'d~ngs now o~ hrrajher s>>~ate on sa~d ~and and on alI eq,,ipmeM and persona:ly ceve~ed by this mor
+gc, wrh ail pr.•;~.,,,,,s th~r~on ~.~d ~n fuil, t~re i~:s~ra~~ce ~n ~he vsuat sranderd po:~cy iora~, in a r~~n aHyrc+ed by th~ MOR~vAGEE, a~~d ~v~ndsro
• z•~r-,~,<-~ ,n ~ha ~s.al sr, ~d,~d Fo: cy fufm, ~n a s~m aFpro~ed L~ the titORTGAGfE, in such co~np~ny ar to~n~-ames as fhe !t',02iGAGEE *n
d.r~ct; and all iue a:.d w.~~cistonn insu•ance poi~c~as on any of se~d build:ngs, any iMere;t therein or paft thcreol, `n ~he aggrrga~e w~n aforesa~d
~•i exc~~ss ~h~_•roi, s!~a'I ;om,;n ihe usv:;i ata:d;rd mur!g,~ee u:.use or wch othe~ ciause as the Mo~tgagee may requ.~a, mal~ng rne ~oss undrr sa~d po
:~-s. e.,:h ~~~d ever;, p~,,~•r ro sa~d M1IpRiGAGEE as ~ts ~~~ta~csl may appear, and each and every such po ~c~ sha~l be pron~Hry asxgnrd and dti~v~rrd ~
e~i h.~~d E,1 s~.d ;.:OR::,.aGEE as f~nhar s_c~riry to sa;d n.e;~~ya~e d~ut, and, not less ~han ~~n (10~ days ~J.a<<ce oi ~h~ expuo~~on of each pol~c~r, to d.
.er ~o s.,~d Y,JR~GAG+_E a re~~r;.,;i thor~of, ~oge~ha~ v~,;th a rece~pt for tha prr~n~~~m of s~cf~ reneav~;; ared ihrre sha!1 t~z no t~re or w~~~dstc~m insuranc
+a d on a~~y o( sald 'o~~:ci~•,gs, any in!,•rest theie~n o~ part therrOi, u~!css in ~he form a•~d v~~+h the losa payable as aforeia:d; ar.d in the e~eM any s~n
.~t ~'onry bcco .,es po;.~t:e u~,Jer s~cfi pol~cy or poLc~es sj~d h10kTGAGEE shall have ~he opr on to rec_~vr u~~d app:y ~i~e sane on accou•» of the ind.;bud
,.:c s~:_r~d her;;p~ er rp parn~~~t sard lAORTGAG045 t0 rCCcive end uSe it Or any p.•rt thcr~~.~'t lar tcr:•-r ~,ur: ~q~:s. :~~~,t~:~~,:t th.~•. ._.~v~.~~ .:r r:-.p..~r~
r'~ ~ny cq~ t~, Len or :~;~h~ ~nd~~r or by virwe of this mc::~age; and in the event sa d Ar10RTGAGORS shali `.or airy r~ason fail to ke~p the said premis_s so
_,•..d. ar f.,;i to d~_.~.er pr~n,~t;y any of said poLd-•s of insura„ce to sa:d MOR~GAG~E, er iei; i,r::,,,p:l~ to ~~~y fu.:y any prr~nwm thar~~for or in anY
~ct i.,' :o , ir'or~n, d~sch,r.~~, exec~te, etiect, tomp(etc, comply wi~h and ab~de 6y th~s cuven.~~v, o~ any p3rf h,:rcof, sj~d MGRSGAG`_E may piacr a~tl
ier s„c4, inwr.:nce o~ a„y pa:t th_r~of without waiving or affeUi~g any Op~~o~~, fien, equny, or nyht ur.der or b~/ virtue oF this h!ortgayc, dnd 1hE
,.~.r,::~r•t uf eoch a~•d e~ery such pay,n~~n? shail be immediately due and payable a~~d sha;l baar intarest frcm tha datz thcrrof un~il p.,~d at the ~ate ot
- p~•r ~~r ..~,'w'~ ~~,.i t..3_.tb:r »ith such inter~,st sfwu bc s.'c~red by the lien of this mortgage. '
S, io per:n~t, com~n~t or suffer na wastr, in~pair~t~cnt or d~terioretion of sa~d property or any part thereof.
To ,~iy a'I ;~.d s:nguwr rhe costs, cha:ges a~d expenses, indud~ng a reasonabte attorney's fee and cests of absrracts of ~itle, incu~red or pa~d at
r. ~ c• i>; s...d R!~-AGEE, 6rcause or in the event of the fa:wre on the part of the said 6\ORiGAGOR to duty, pron.priy and fuily pe~iorm, d~scharge.
~'.~~ci, cc:~~~.:_fr. cor:y„y ~nnh and ot,.de by each and every th~ st~pu~ai~ons, agrea„~ents, cond~i~ons, and covena~~rs of sa~d p~o~~~issory note and th~s
_-•y.,~e any or ,:,rnLr, a"d s~ d cosrs, charges a~d exfenses, each and eve~y, shall be immediate!y d~e and payabtr; v.he~her w not ~hare be nonce dt
d..r.~ ~o co:lact or s•.,~t pend:ng; and rhe fult amovnt of each and e~ery svch payment :I~ali bea. intcresr irom ~he date thereof until paid at tiu
~ ou sa~d ccsrs, charg,.•s a~,J cx~~~nses incurred or pa~d, roy~Nt~r ~v~rh such fRrerest, sha11 be setured by the lien of th~s
c,rtgage
S. T~~st (a; in ~hr evert oi any brrach of this Mortgage or default on 1Fr~ par~ of the 1'.ORTG%1G~JR, or ;b) in the event any of sa:d sums of money
~~~n rr°_~, ~:i ro b_ ~,~t pr~y and fu,ly pa~d ~v~~h~n ~h,rty i3J; dars next air-~r ~F,e s~~»e se:era':y becane due and payal~!e, w~rhovt demand or noi;ce,
c; in rh_~ e:~nf r,~ch ~r.d eve~~ the stipu;ar~ons, agree:ne~its, cond;t,ons and covenants of sa.d promissory note and th;s mo~tgage any or either are nof
' F.ro~~.~,tlr ar ~ i..,::•r rerto~~r.•~d, dscharg~d, ecetuted, eifected, tompieted, comp{~ed ~ti~th and at:~dc•d Sy, then in e~~her or any wch evem the aa~d ag
_ a wm ~~n ss:d pror.~~ssory note rhen rcrnaining vnpa~d, ~vith ~ntera;t acuurd, and a.t moneys secu~ed hereby, shall betome due and pay
. tc~rh,v~vh, u. r:~,~,~~+er, at ~he op,,on of said h10RTGAGcE, as fuily and compteiely as ii atl of ~I,~ s~(d sums of mOnEy were w~9~naily st~puiated
' d cn sach cl..~, .,~,,th~n~ in s.a.d pr~:n~ssory ncte or in this hlortgage eo the conrrary nor,ti~rh_ra„d;:~g; a~~d rhrreupon or the~eaher at the op~~on of
.`:ORTG:,C•fE, ».rE.-irt r:or~ce o~ demand, suit at ?aw or in equcty, therefore or ther.~afrer begun, may be prosecuted as if all moneys secured hereby
~ ~naP~r~ti pr.or to ~!s i::sn!~t~ort.
7. Th :r ~n ~f~c c c„t ~h,r at The beginn~ng of or at any time pending any suit upon th;s AM1o~tgage, or 'o foreclose it, or to reform it, or To enforce
.e:~' ej any c..~^~s,h~~.eu~:d_•~, so~d :.~JRiGi+GfE sha;t appty t~ tha Cou~t havirg ~~~isd.ct;on th_rrof for the appo~NmeM of a Receiver, such Court shail
:.:'h .~rp ;.,~~t a r,ce:ver of s.~:d mortc~egcd property aIi and s~n~uiar, in~ivd ng a~l and sn~~~,a~ the ~ncome, prof~ts, iss~es ar.d revenues from whatever
c~~n:~ci. e,-_cr: ~„ci e.~ry o~ .tih.ch, be~ng express.y undrrsrood, ~s hereb~ morrg.,ged as ~f spec ~,cai!y ser fo~th and descritxd in the gran~ing and
::i~m c~.,sre h~ ~_of, and s~ch keceivar sha~i have ai1 the br~a~ and ef!ectlve funU cns and po.yers in any,n~~se emrusted by a Court fo a Receiver, and
' . ~.:'t s~ ~c~ r.;;}e b, such Cou•t as an ad:nitted equity and a matter of absolure right to said R'lOR7GAGEE, a~d wirhout re(crence to fhe
-,t~ c~ ~~:r.:.:;_•,~:1 of t~:_ va:ue ot the property mort9oged or to tne so~•rncy or h,sc vanty of sa~d MORiGAGOR or fhe defzndants, and that svch
~ •s, :nc._:~ ,:ru_s and rever.ues shaii be app;ied by such Recrfver eccorci~ng to the iien or equity of sa~d MORiGAGEE and the practice of such
_~„rt. ~
4 t~ p','--:''S, a•fd fJ:~y per'o~m, d~s=harge, execu>e, effect, co^~plcte, cornply w~rh and ab~de by each and every the stipulations, agreements,
:i.••~r:s a~~"f c.:_n,~;rs s~.d pro;n~sso~y nc!e and th.s mortgage sct iorth.
9 ii.-t tr:~ .t ;h~ o.v^enh;p of tne mortgaoed pre~uses, or any part thcreaf, becomes vested in a person other than the MORTGAGOR, the
':~Tv:.G~E ~+s s.:co~ss:,rs a~d ass:g~s, may, .v~~hour non:e ro tha ,110RTGA~R, drai w~rh su,h s~ccessor or successo~ in ~nterest w~~h reference to this
3~3c .:r c3 a d v! F':~rcby secured in th@ same manr,~r ai v:ith ;llortgagor w~thovt in any ~oay vitiating ot d:s.hdigin~ the /~AortgagorS' liabilify Fie~e-
. r cr on rh.~ d: r h_•~,,, s~c~~~ed. No s~ie of the crem~ses h,reby mo~tgaged acd no torbearance on the part of tt,e t~10RTGAGEE or its s~ccesso~s
„ss ~s ac~ ~ e..,r, ~::c~ c.` ;he t:~n~• {or the payment of fhe debr he~eby securad glven by the lAO.^•TGAG:E or its svccessors or ass[gns, a~~all operate
-•-_,-e, d:sr.~~•~e. r. ;.J.Ey char~ge cr affect the ong~naf i~a~.irty of the MCRIGAGOR here~n, either in whole or in part.
1`v Ir ~s s:• _ r:..::~ ,:~~.,~-d ~hat t~~ne is of thc essence of fh~s contracr arid that no waiver of any obf"gat~on hereunder or of the ob?igation se-
_~.d t~er~Cr s:,a'. vr an~ r.-:e mcr~-a±rer be held to be a v,civcr ot the terms her~of or of ihe instrurner.t secwed herby_
~ 1 _~e~ o~rnl f y;;;y~„,n,s of ;:r~~:c a~d i~,rarest ~equ~red by rhe prom sscry no~r se:~.ed he~eb;, mo:tgagor eovenants
___s r. ..,*F~ raci, ;;~:rh y;;a; en~ ;r, acid.~~o~,al s~~n <st ~reci b~ rr~o'tg3gea to be equai to 1 12 ot r~~a an:,ual cost of the fofiow-
.,<.~s le~:~_a or ass-~sv_d vg3~•~~st ;i~t~ abovr d^s;ri~~_d rtal es'ate.
E Fr _..:;i f r~ a~ o..:,:dsro ~n msvra~ ce es iier~~;n req,~:..ed to be carr]~ d en the im;.roveme~ts s~t~ate on th_ above d=scrlbed premises.
~ P• ~ . ,-_h ~,.rt_,_:qe gua~ar:ty ~rsvra~ ce as mo'tgagee sha:i frc•r t n,e tp t~~nc drem fit to carry on the ioan secured hereby.
' . ,c to • c n;,e~f; mcrt~.;ger m writ.~:y of th~ a•no~~t d..e and payab!e hereund~r and such su•» sh~!! thereupon be due and
' ~~'~'.1 •;'e•~~h ; pay~„e.~t ared ecch wccessive ~r,o•eth thireafr,r ur.ti: mcrtg3gee sha!1 not;fy inortga~or of a ehange in such
s s _ _,,_ci by ~no.rgay._e tonarq ti~e F;ayment of real pre~erty taxes, insurance prem.u~r,s, a~~d mort~age guaranty insurance
~5
i '
:r!Tr;~~S :•H~RcOF. ti~~~ sa~d h10RTGAGOR has hereu~to set his hacd and scal fhe day and ye first aforesaid
S:`k~4' t e~iv d in th presence ofc
~ ~ ~
cs~an
L~ " J R, ar Jr tsesi?
- ~ " ~ ~SN
_~..f:~-=~- - - --1=---
~ - - _ _ - - i g~ th S. Gear
'.'E GF ~LOR~DA ,
_ ':TY OF _ $L , I.UC 1C' ~ S5.
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I Before me perscnaCy appezred James R. Geary, Jr.
and
~___E112i3bQt}l S~ Gear~ h~: wife, to me well known and known to me to be
• 3~:~d..,.s dcsc~~c~d in and ..ho execured the foregoing instr~ment, end acknowfedged before me that they exPcuted the same. fot 7be pu?poses
~ ' :~~n ex~-~ess~d. Ar.d th~ :~~d Elizabeth_S. Ci@aIy _
f o± r:.~ s:;d . .~an1ES__R._ Gea~~ Jr. ~ upa~~'a•s~parafe and private
~ • cn hv r,c• t>_:~n se;;a~ate and apart frorn her said husband, acknowledged to and beforz me that sfie eaecuted said in;trilmenT freely and volun-
f a, d:. ri.;;,r a-~y co~~uu~sion, wnstrair,t, a~prehens`~on, or fear of or from her said husband. '
S::T'.~55 ,*,v ha~~J acd o{fic~al seat this- --~~1~--__- day af_-~___- AU~~15t. A. D. 19 72
s y a' ~
:
~ L.~ Y' , .
Notary Publ~c in and for tho StatO'6f-Ftorida at Large
My Comm~ssion expires: ~ ~j
Retv-n To: - ~ ~I ~ /
. rsr Fed-rral Savi;,~s 8 toan Asso::ot.on J ''i,,,
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RflC• ~;~Ta~g (
CLE~r %~Z ~~.;;RT
Th~s Ins~r~ment Prepared By Ronald L. Stutzorrnt' v~
; First Federa~ Sa~:ngs 8. Loan Association
i of Fcrt Pierce ~ F Ior i da ~G 1~ '"J ~4 ~N ~
Cnecke;i By~~._ - - - ~ - s~
2~~~J~ apG!( iG~/~ i~?if-f ~M~~
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