HomeMy WebLinkAbout0977 3. 1'o p!ate and co~,r~nuo~sl~ keep on fhe bu~'d~ngs no.v o~ her~•afcer ~~tuate on sa~d land and on al~ ~~q~ipment a~:d personally tovcred by lhis mo~
e;~e. w+h all prcn,.~~*3 U~~•rcon E.ad ~n iutl, f~re ins~rance ~n ti~c usual st,ndjrd po'~cy forn,, in a s.,m oH~ro~ed b~ ~he PdOR~G.:G'_~, and vr~ndsto
=~su:a~x: in tha ~sual s'~nJi+d No:~cy fo~m, in d w~i) apprOved Ly thz MURT(~iAGEE, in Such compd~~y ot Co~ni:anleS as Ihe !.',ORIGAGFE m
d re~ct; and all E~re and ~.~ndsform insurance po!~c~es on any oi sa~d b~i~dmgs, any ~nie~~•st th.:r~~~~ ~r pa~t th~~:eof, in the aggr. g,t~ s~m aforesaid
in excess ~h:•~cof, shatl :c~~t:,in the uw~l eta~~d.,rd n:orig,gae c~ause os such other c+ause as the hlo~tyagre may req~.re. ~na?ing mr ~css undri sa~d po
c,~~s, e~ch and every, p3~:~b'r lo s~~d A\URIGAGEE nS ~tS int~reSt m.:y appea~, and eaCh ar.d eve~y such po,,:/ sh~ll be p~omptly aisgnrd and dc~~v~r~d ~
a•,~ h~•ld ~y sa~t~ i:.OR!CiAGcE os fur~h.~ secu~~ty to s3~d n,onqage daur, and, not !ess than ten (10) daYS in ad~ance of thz exp~ronon of each ~o6cy, to d.
~..ar to ss~d !dORTGt~G~E a r~~~~~w.ai rherevf, togerher w;th a iece~pt for the pre~nwm of such ~enrwa~; and thvie shail be no i~re or ~vu:dsto+~n insuranc
i ~c~ii on any of se:d b~~!d~ngs, any ~nterest there~n or parl the~eof, un!ess ~n fhe form and wrth the ~oss payat,!e as aforesa~d; ard in ti~e event any sun
of ~no~~ey br-co:nrs par;se'.e under scch po;icy or poLc~es sa~d 610RTGAGfE shstt have rha opr,on ro rrc,~.•c a~~d app!y t:ie san,e on acco~ro oi thr ind~-bt~~d
-ss src.,~ed ha~cby o~ to pe~m~t sa~d PAORTGAGOR$ to receiva and uSC it pr any p.~rt t!~•_:~•of wr o:n•.r ~u~; osrs. :..~r.~.,t th,•~.~, .,~i.~~3 .;r c~~;,~
"g d~~y eqvlt~, Len or r~ght und?r or by vittce of Ihis mCr'gage; and in thz event ia.d 610RfGAGORS sha!1 :or any re~son fail to krep the sa~d pre+nis~s so
-.s~r,_d, cr feil to deSver pro~r+pNy any of said poi:ti_~s of insuran~e to sa!d MORiGAGEE, or Fai: F,con:F;!;y to pay fu.ty any pre n~u:n the~efoi or in any
~~~•~•cr fa~i to per'~rn,, d~;ch;r~e, exc•cutr, eifrct, completa, con•~~ty wiih and a5~de hy th~s covc~ant, or any pe~t ~tiareof, s.:~d M.URTv%.G~E may p~ace a a
for s..ch ins~r.,nce er any part ihereof w~~ho~t waiving or affecting any opt~on, lien, equvy, or nght under or b~ virtue ot ~h1s Atertgige, and t!ic
~ a;nc~nr of e~ch and e.e~y such payn~eM sha!~ be ~m~ned~afely due and payable and shatl baar interest from th~ date Ihe~eof ~n~il pa~d at the rate of
{:~.r ceitt~•n E:i•r an:w.n .,~~d to~_th.r v.ith s::ch int~~rest sha~+ be Sec~r2d by 16e IiCn Of th~s mortgage.
d. To permit, commlt or suffer no wastr, impainne~t o~ deRriorat,on of said preperty or any part thereof.
5. To p.ay a;l and sing~tar ihe costs, charges and expenses, inciud~~~g a reasor.able anorney's fee and cos•s of abstracts of title, incu~red or pa~d at
ti ~y s~~d MORlGAG` E, because or in the event oi tha fa~lurc on the pan of the soid MORTGAGOR to duly, pro•nptly and f~Jy perfor~n, dacharge
:~fe, ~•'.rcct, co~„p::ie. conply w~th and ab.Ja by each an~ every the stipulaf~ons, agreernents, cond~tions. and co.~e:ia«ts of sa~d pro~nissofy note and th~s
,~rg,;gc~ ~ny of e~rher, a~;d s3.d cos~s, charges and expenses, each and eveiy, shall be immed~ately dur and payab!e: whethzr or not shere br noTice dw
atte ~~pt to co:Iecr or suit per.d:ng; and the full a~nount of each and every wth paymem shall bea~ int~rest from the date the~eot until paid af fiu
!:_r c~•rc~ ~•~~r en::i. .;:~c aii sa~d cosrs, ci:arges a•~d ex~e~:s~s ;ntwred or pa~d, togathrr ~v~th such ~merest, shail be sewrcd by ihe f~an of th~s
c-tgage.
6. Thnt ~al in the event of. any breach of this Mortgage or defau!t on ths part of the MORTGAGOR, or (b) in the event any of sa:d sums of mone~
~••~~n re'rr~ed w b•~ ~:or pro~nt,~iy and fu~~y E:a~d w~rh~n th,rty !301 days next arrer the sarne seve~o':y beco•ne due and payab!e, without demand o~ no~~c~,
in tha event each and erery fhe st+pu:at~ons, agreemenu, cond~tions and covenanrs of sa.d pro~nissory note and th~s mortgage any or e~ther are not
pro:~°,p+1y an;! fu:i/ {:e~for~„ed, d.s.harg•_d, execufad, effecred, canp:eted, compi~ed w•rth ar.d ab~ded Sy, then ~n e~ther or any such event the sa~d ag-
. ;.~te s~ n,r._~nt~~ned ,n sa~d proo~~ssory ncte thrn re~ziaiiung u~:pa~d, with interr;t accr;;ed, a„d a~~ moneys secu~ed hereby, shatl beco~ne due and pay
-~orrh,~~!h, ~r ~i~.~r~•ofr~•r, at she eption of s~~d MORiGAGEE, as fuliy and comp!etely as if aii of the sa~d su:ns of mone/ were ong,na:ty s~~pv:aied
• pa d on such c::y, anrth~ny ~n sa:d pro r:~ssory note or in this hto~rgage ro t6e conr-ary no~.viihstand;:,g; and fhrreupon or there;fter at the opt~on of
• ::'.OQiG~G:E, ~n~~+.c~t nonce or d~mand, s~~t at law or ~n equ~ty, therefore or thereaf~er beg~n, may be prosecuted as if all moneys secured hereby
~.i mat~rCCi p'.Jr to ~ts ulsl~!utton.
7. Thae ~n ii,c e.•:nt ;h,t at tFe beg~nn;ng of or at any time pend~ng any suit upon this Mortgage, oi to foreclose it, or to reform it, or to enforce
.~.~ncnt ef any c,~l~rs h.re~r.d_~r, said MURiG:.GcE sha'( apply to the Ceurt having ~u~~sd:ction thereot ior ~hr appo~ntment of a Rece~ver, such Court shail
~ v.~!h a;;po•nt a rcce~:er of s~fd marty~yed propert~/ u!1 and sing~Iar, ~ndud,ng ail and singu~ar the income, pro(ns, issues and revenues from whatever
~ ~r d_•r„cd, each a.:d eve~y of .tih.ch, ~t be;,~g exu~ess'.y undrrnood, is hereby mortgaged as if s~c,ficalSy set forth and describad in the granting and
' ~~;d.~~n c.i:~s~-s h.~r:of, ar.d s~ch Recriver shaii have all the br~ad and effecti~e Eunct,ens and po.vers in anyw~se'entrusted by a Cou~t to a Recciver, and
~,~F p~:~,'~T~~~~! sha,: be ~ie h~~ such tevrt as an advsirt~•d eqv~ty ar.d a matter of absolu~e r.gb1 ?o sa~d MORiGAGEE, and w~nc~ui referenee to the
~ a.~~cy or ir3drq•~ac; oi thc vaiue oi the property mortg~ged or to the so.ven[y or ~nso:venty o1 said MORfGAGOR or the defc"da~rs, ai~d that suth
- ~s. Fro?.ts, ~nw.ne, issu~s and rever.ues shal~ be appGed by such Rece~ver aao!o;ng to the l~an or equity ot said htORTGAGEE and rhe practice of suth
L~urt.
8. Te d~'y, prCmF.t'y and (ul~y per(orm, discharge, execute, effect, comptete, con;ply w~th and abide by each and every the stipu:ations, agreements,
i~r~ors ar.d cevena~!s ~n sa~d promissory note and th~s mongage set iorth.
9. That in the ev~=nt fhe ownenhlp of the mortgaged prem~ses, or any part tnereof, becomes vested in a person other than the MOR7GAGOR, the
.'RTGAGf"t, its s~ccrssurs ar:d ass~gns, may, witho~t notice to 1he A10RTGAOR, dea~ with such Successor or s~ccessor in interest with reterence to thia
~,~ge a; ti c~:_- d_•~r t.~reby sec~red in rhe same manner as with ~Aortgagor w~thout in any .vay vit.ating o~ d~scharg~ng the /Jlortgagon' fiabifity here-
a u; on ~h~ a~ t,r herv:,y src~r_d. No sate of the t~a-nlses hereby mortgeged acd no forbearance on the part oF the !10RIGAGEE or its wccessors
~..~s~3 s a; d^o exr~,~S:~n o{ 1he s~n,e tor the payment ot the debr hrreby sec~.ed given by the 1'dORTGAGEE or its successors or ass:gns, ai~alt operate
c~~e, d,sch~rge, ~:,cd.fy ~hacge or affect the orig~nal liao~l.ty of the ti,ORLGAGOR herein, either in whote or in part.
:0. !r Es s::ec'~_,,~ ~ ac~erd ~ha+ ti~re is oi tfie essence of th~s contracr arsd rhae no waiver of any oblt~atlon hereunder or of the obligation se-
d hereby sna ~ at ar:~ tur:e tii•.reafter be he:d fo be a waiver pf the terms hereoi ot of the instrument setured herby.
i~. ia •.,_.'o •nonth'y p;,ymcnts of N~i;•.c pat and int~.~st requ~rcd by fhe prom sscry nc~e sct~red hcr~b,~, mortgagor covenants
- , ,!J '.:;"1_;.iy}_' V.•it(~ racn ~,.~nrh~y H,~f: •.~nt an ad:l.~ionai s~m es!~~~~ated by morrysgee to be eg~ai to l, 12 of t'~e an:,~a! cost of tnP foffow-
r:al .;;p .r; t3x~s ~~~n_:'. or ass~s<.::d ag>i~~st ti:r ai:ove desri';~d rea! esr~te.
~ f:'e an~ ,;;nds:o:rn intu~a~ce as iiere~n ~eq~;red to be carried en th~ :m:roveme~ts s:tuate on iho above d=saibed premises.
C Pr ~ s o~ _ cn n,c~tr, ?e gua~snty icso*a~.ce as mortgagee shai( frc:^ r ree ro ;6ne deem fit to earry on the loan secured hereby.
~:'.o~tq ~.~_~e ; , te ri•~e ncfi;; rv:erryvr~er In vn;t;ny of the a=, ou~t d:e and payable hereund:r and such suv~ shaii thrrcupon be due and
o~~ u,•~ 1f.d ~t~Yt n~,~r~th;~ p;;yment ar,d each successive mon~h thereaft~r ur,ti{ mortg3gee shall ~ot;fy mortg~gor o4 a change in such
. Sur.~ s.,:^; ~~d by mortgag re toNard tf~e payment of real property taaes, insurance prem.ums, a~~d mortgage guaranty insurar.ce
..~~s.
I`. '.:H~R~QF. rhe sa~d fAORTGAGCR has hereumo ;et h~s hand and sc•al the day and ear first aforesaid.
S;gned, Sealed a::d defivered in the presence of:
? - - ~ ' ~
r f.' /i' L/'l _ ~ ~jl (Seat)
~~-L=,- - - Larr . Drew ,~a~~
_ O O . _ - - ~ r n r ~v ,~4 lseai)
- (Seaq
- ~ f OF FLORIDA ~
St. Lucie
i _':TY O"r - (
i Betore me persenally appeared Lar~ K. DreN _ aod
_ Karon ~rQp _ his wife, to me we(I Rnown and known to mt to be
; ~~~d:~~d~a's drscri4ed in and who execwed the foregoing instrument, and acknowledged before me that tF.ey executed the same for the purposes
' expressed. And th~ :a~d__ Karon $i ~IQ~II
~
; of ~he 53Id _ I•lrL1J K. Drew ` . . upon a separate and private
f n;..on by ~,e ta~en sepa~ate and apart from her sa~d husband, acknowledged to and before me that s.he exctuted said instrumen(~ ~eety _and vdun- '
, ar;d v.;~he;;t any cor,;,,~.sio», coastra~nr, apprehens,on, or fear of or from her said husband. v~
Se tember
l'J17NE55 my ha~~d and offic:al seal th~s day of _ ~ ~ A. a. 197 ~ -
~ A ~ ~ . . [ ' / l~ ~~1
~ otary Publit in and for the Stat of krn a, a~arg+ m ,
- My Comm~ss~on exp~res: NpTAR ~PUBL~'.~Sjl~[E`M FLO d~f
R~~rv~n ?o:
~:~s+ Federat Sav~:~gs 8 loan Assoc~at,on MY (~ti11Y11SSIAN EXP(Rf$ DE . 29, 197'b
, . . ~ ,c • ~eede0 Tn•u G nrA~ t~ r.a~r. t~weti~•:• . .
c~.•. P:. i c: , .
I.~ - ~ - 7.s''"
FttEC ~ REC~3DE0 ~
; ST LU~I~ C~JN~Y FIA. y
i FQ' ~ i )e;RAS
i Th„ Instrument Prepared By ~ Dennis F. Holerger ; ~K ~,~~~~i Cn~RT
' Firt Federa! Sav~ngs & ~oan Association ~f~n~ •
! oi Fort Piercg FloZ id a 33450
f sE~ ~3 I io PM ~7z
~ Cnecked 8y _ _ _
~ - -
~ u K • 23'79$6
` oOuK ~~vV PAf•E
' ( lh)
_ . _ - - - - ~
~~~~d~'. R~ "„u ~ . _ r..r~Y~ ~('..rr ~ T .
. u~"~ 1":'%Y~i ,y-. r ~ f n.3~'l.r~~~ 5' i~s
- . ~.c.. ;.~~"'y'""4a ~c._ ' ~ . _