HomeMy WebLinkAbout1552 3. io p'.~it~ <,~~d CJ~~1~~wOCS~y Mc~~~ on ti:e 6u~ d~~,gs novv or hereafie~ situate on sa~d ~and and on a:~ ~qvip~nenf and personally covared by this mor
r.g~. Lv:th all pr~ i.:., ~ s th,v~on F.: d ~n fu~l, f~rr ins,;ra ~cr tha usual st„ndnrd po5c~ 1orm, in a s~m aF~roved b~ tha M:JR~:~%.li[[. a~~d windsto
^sUr.,n;a ~n Th.~ ;,s~al s~.~::a.,~d Fo: cy for~n, m a av~n a~.pro.rd Ly sha f.10RiGAGEE, in such tai~pany er co•n~:anie5 as the .'."•ORIGAGEE m
d.rcct; and all fire a.d ,n.nJifo~m ~~~su•on~a pouc~es on any o( sa~d bu~id~ngs, any interest the~a~n or part thcreof, in the a99r._g;te s~~» afo~esa~d
m extrss thrrco(, s~~.~'I ,o~:t.~in the us~_~.:I sta dard mortg.+gae c~sus? or such othe~ t:a~se as the Mo~tyayee may req~.re, mahiiig thr ~oss undrr s~~J po
.,~s, ra:h ~nd rvrry, pa f.~b'e to sa~d 4lORTi,4C:EE as ns int_r<st rnay appear, a~,d each and every s~ch po .c~ sha{I oe {,ron~pt'~y ass g~~ed a~~d de~ivarcd
,nj h~•id by s~;d ~,'.ORI;,:~G_E as f~r~h_r szcunty ro sn~d n.ong.,~e d~~bt, and, not iess ~han ten (10~ d3~s in ad.3~~ce of ~h~ exp~rahon oi each po!~cy, to d~
,.er to s.,~d .'.1ORiC'iAGiE a ren~•.•:al Ih~rrof. toqethrr with a ret~~E:t for the prr:nium of such r~nr,n,a; a::d the~e S~~a.! b~ no f,re o~ .v~~,~iStG"~n insuranc
i!scrJ on any of s.~ld b~~'d~•~gs, ony interest thrre!n or part thereoi, ur~!css in ~he ferm a•~J w~th the ~css payab'e aa afe~esaid; and in the evem any sun
o~ money b•co•~~es p~yaL•:e ~~ndrr such po~icy o~ poi.ues s~id N.ORTG.4GEE s~~_~il have ~he opt~on to rec_~:~~ .~:~d ~p;~'y tha sa~:~e on accoum o1 the indeb!rd
, ss s•:c..r~d h~•eo~ or io perm~t s~:d !AORTGAGORS to recai~e and ~se it or any !>c•rt th..:~~of to, o-~,. r~.u: :;scs. ::.~r::,.t +h cr ur~~,.~~
~:~y equ ty, l.en or r~y1~t ~nder or by vi:tur of th~s n•c:rgaga; and in the evem sa.d A10RTGAGORS shs''I ,`o• any reason fsil to k~~ep the said premisas so
~s~~•_d, o. !.~If to d_:~~a~ F:ro~~~~:tly any of s~id poLcirs of insurar.ce ro sa~d A10R1GAGEE, cr 1,;,: promp:ly to {.ay f.,.:y any pri• ~~~.,•n tiiercfor or in a~~y
•_~sFctt (a~~ to ,^,rrform, d.uh,:r~c, exewtr, eifect, con~plecr. conp~y with and abide by th~s covenanl, o~ an~ ~:.ut h~~ieof, s.~!d M~RT ;:.G~E ~»ay p.ace a~o
F~, for s..ch insur.,nte cr eny part ih~•~eof w~~hout waiving or affeding any opt;on, lien, equ~ty, or n~1it u^der or b~ vi~tue of this 6!o~tgage, and the
~ a~~~o~nr oi each and e...•~y wch pay~n,zro sha~t be ;Irnnrdiately due and pa~able and stiatl bear interest irom tha date thercof unril p.;~d at ihe rate of
..e pc/ c_ntu~n i:~er ~ar.~~_,.•• ~~;.1 t~_j_.th.r v.~th SuCh in+2'::5t ch~~~ 'ue' S~`cwCd by the 1~en o( thi3 mOrf9dyC.
4. To pern:it, co~nnut or suffe~ ro waste, impaim:ent or detcr+orntion of aaid property or any part thereof.
5. To pay a'~ ~nd s+ny:~~ar the costs, charges ar.d expensrs, ~nc~udfng a reasonable attorney's fee and costs of abst~ads of titfe, incurred or pa~d at
,•,y t~ ~ e by v~J A'.~:R1~AG`E, because or m the evem oi tne fa~lure on the part of ~he sd~d hSpRTGAGOR to diry, prun,ptly ar.d f~lly pe~fonn, d~scharge
.:u!=, elfett, ccm~::•:fe, co;~~.iy w~th and abde by each and every the stiputa~~ons, agrerrnents, cor.drtions, and covenants of sa~d pro~»~ssory note and this
_~rg,~ae any or enhe., a^.d s~d cosrs, cl~arges and exHenses, each and every, sha41 be immidiate'y due and payab:r, v~hether or not rhere be nor~ce d~
, d, atfe npt tu co.:ecr or s~:t pend ng; and thz f~i1 a+nount of each and eve~y svch paymeN shali bea~ in+cresi from ~he date thereof unril pa~d at the
. .:e ~;~r E:.r ~:,d au said cos~s, cr:argrs a~~d c¦:.ei..: e'~•-.^ed o~ pa~d, toy~iher ~v~th wch ~nterrsl, shall be secured by the i~en of th~s
^-:gage.
6. That (a) in th.- even+ of any breach of this Vlortga9e or deFault on th~ part of the MORTG~IGOR, or ;b) in the event any of sa d sums of money
r.•cin re`~~rrad ro be ~:ce y•.,.. y a~~.d tu:ly r~~d .,~i~h~n tn ~fy ;3J; da~s nex+ a=t..~ the sa-~~e severa'ly beco,ne due and payab!e. witho~t demand or nctice.
in tha event each end evr: y the s!ipulat~uns, agreemznrs, ce~~d~t~ons and covenants o! sa d pro~nissc~y note and th s mo~tgage any or e~ther are not
~~o:ru~~y and r~,~y ,zrto * ad, d scharged, execvted, effected, comp:eted, co:npi~ed vlrth ar.d al~ded Sy, then in erther or any such event the sa~d aq-
, ~~~r s.~•~~ ~nr~T~o~~~u ~n s~~d pro~,~,sory ~cte then re~~:a~nir.g ~npa~d, with ~ntr~e~t ac.~ucd, and a,! mon~ys secur<d hereby, shalf beco~:ie due and pay-
~.~„t;rh, cr fh_r_~~icr, er rhe cur~on of s~~d 'n40RTGAGEE, as fuuy and con,p;r~clY as iS a'.i of N~~ sa~d s~ns of money were or~g~na,ly st,pu:aeed
~ d r.~ s~.ch d:.y, .ic,rF;~ ~ a in s~ d p~o,nlssory note or in this hlortgag~~ to the conrra~y nor.v~fhsta~ed~~,g; ~~•d fhcre~pon or thereafter at the opt~on of
~ i,.'.O~T;,aGEE. v.~r.ou! r.o!:,e or drmand, sud at law or in equ~h~, therefore or thereafter begun, may be p~osec~ted as if all moneys sec~red hereby
. ~.i r~~a•.~•e:{ ~ti t:~stitut~on.
i. I~,~r in ti~N r.e~~1 th~t at the t~g~nn~ng of or at any time pe~d~ng any su:! upon this Mo~!gage, or to foreclose it, or to re(orm it, or to enforce
.~nenr o~ ~ny e:~~~~s t~a~eu~~d~•r, said f.10Ri~:,AGEE shal! apply to the Cow~ havir.g ;unsd,ct~on ~he:~o` for the appo~ntment of a Rece~ver, s~ch Court shail
„~•i,.v~!h ~;:p~;,int a r!~cr~.er o{ s:,~d mortg.~gccl property aE! and Sing~:dr, indud~.ig .ill ar~d siny~~ar t!'.e i^come, proi~ts, issues and revenuCS f~Om whatever-
,.~c~ c~•n.cd. e-..:F~ a~.d e~rr~ of wh.ch, It beu~9 Cxpr~55'y undersfood, ~s he~cuy morrgayed as if spec~f~caily set forth and deser~bed in the granr~ng a~~d
_~:J c a~zrs herof, .,r•d s.,ch Receiv~`r sha~i have all the br~ad and effc~cnve func; ,;ns a~~d po.,~ers in anyw~se entrusted by a Co~rt to a Receiver, and
, ,r:re~~f s~u~'• L~~ ~ a~ie by svch Ceurr as an ad •,nrrd eq;,rt~ and a n,atter of a~~so~ute rigM to sa~d MORTGAGEE, and vv~ahcut reference to ~he
_.,y.,c~ cr ~r~:,ti_-q~ac~ of t~,~~ va;ue of the prope•ty mo~tgaged or to tne savency or inso~vency of sa~d MORiGAGOR or the defendants, and that such
•z Hro~ns, incc.~~e, ~ssues and revenues sha'~I be appi~ed by suth Recaiver accord,ng to the iien or rqu~ty ol sa[d MORTGAGEE and the practice o( such
` ,,;rt.
8. To d~'y, Fro^-~;,t:y and fuUy per',orm, discharge, execute, effect, cornplete, cornply with and abide by each and ev~ry the stipu~ations, agreements,
ci.r;c~a and corena:~is ;n ss:e: promissory note and th;s mcr~gage set forth.
9. That in the eve^.t th.~ ov.nersh~p of the mortgaged pren,~ses, or any part thereof, becomes vested in a person other than the MORTG0.GOR, the
~'RTG4G'.E. ~+s s~;c,ss.;~s v d ~ss~~ns, may, witho~f ncr,~~ to fhe :\'ORiG~OR, dea: wi~h such successrn or succe~sor in interesr wnh ~eference to this
ry,y~ a~ the tl-k;~ 1,_~r~Ly ::cured in tne same manner as wi;h t~tort~agor w~thcut in any way vit.ating or d~xhargi~ig the 1.5ortgagori' liabilify here-
:~r o• uF on :he d_•::~ h•:r..~,r s:.w~~ d~ No sa'z of ~he F~e~~:~ses h~retry mortgaged acd no fo.bearance on rhe part of the MORiGAGEE or its successors
~,ss _~,,s and ~ o e.!ers~o? of ~he r,:r,e fw the payment o4 the debt hrreby sccured given by the MORTGAGEE or its successors or ass:gr.a, a''•a'~ operate
re~_se, d,scha:ge, mod~fy cha~:ge cr affect the orig~na~ liao.~~ty of the MORTGAGOR herein, either in whole or in part.
l0. It is s;,•-c j~c.+:.,~ cgeed rh3t t~me ~s of the esse~~ce of thls contracr and that no wa~ver of any obltgarion hereunder or of the obligafion se-
•_d hereby sr,, : as ,n~ h^ a th•:rratter be heid to be a vv.,~:rr of the terms hereof or af tne instrument secured herby.
i?. ~i•c i~re3c ~~,onth!y payrr,_nts of p;ri~.c pal and intrrest requ~red b~ ihe prom sicry no-'c scc~red her~•b~, mo~tga~or eovenants
~_i•_ _s !e r~~ ,:-}_~-a;:~ v.:*1~ each ~r.onsn y r3r: .e~,r an adci:rlonal su~-~ es! aTCd b~ ~,~ortyagee to 6e equa~ to 1. 12 of t4~~ an:,~al cost of the foliow-
A,. ~ r , , ta¦~z ier~~~,~, or 355-55t•!f ag.~~•~.st th•_ above desc~ibed real estate.
i a~.d f.~~~dstonn msurarce ~s herc~n rcq,.rcd to be ca~ried on the :mproveme~ts s:tuate on thc abovc d~scribed
C V; , s;; ~,,:ch r.•o~t~ :ge guaranty ~r.wra,;ce as mortgagee sha~l from r me to tnr.e deem fit to carry on the loan secured hereby.
~•r;~ to t!^,e nccif~ mcrt~,,g~r ~n al•~t~eg of the a•ro~•~t d~e and payable hereundar and such su~n sh.;il thereupon be due and
c~~ :!r rF_ r•~.r ~„onth f pay~r.;~nt and e~:ch svccessive :co•.th thereaftcr ~cti~ mcrtgagee sha(! norfy mortgagcr of a chan~e in such
~ S;,th s., •.s il.e a;.~ i_d by mortg>_3•ra to+.a~d tV;e payment of real property taxes, insura:xe p!Pm.ums, and mortgjgc guaranty inwrence
~ ~o•^s.
i
~ ;^d ;.ITr:E55 : H:REQF, rhe sa~d MORTGAGOR has hereunto set his har,d and seef the day and year first aforesaid.
$~gned, $ealed and de'ivered in the presence of: `,~j
~ ~ - f ~ (Seal)
~ ~ Llo a lor t~ai~
. ~ (Seaq
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v 11.1- ^ - ~ ~ C: t . 1 11 (Seaq
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.It Uh tLUKIDA ~
_'.'~TY OF ----St
~ _ I.11C1@ _ I
Before me pe~sonally ap ared Lloyd Taylor and
C IOt 11C~e F._ Tay~OY _ _ his wiie, to me well known and knovvn to me to be
• mti~.~a~a'a d_~scric-:d ~n and who executed the foregoing instrument, and acknowledged before me that they exewted the same for the purposes
~ein ex~.~essed. And the said_ ClOt11C~@ r' • Taylor _
of tho s;~ d. LlO~ld T~lOr upon a separate and private
na+:un by n,e ra~an separare and apart from her sa~d husband, acknowledged to and before me that she executed said instrumeN 4reely and volun-
~ ,
~ ; ar d v: r hou r any co~r:pu~sion, tons train t, appre hens.onjpr fear o f or from her sai d hus ban d.
r~r
~ WfT?;ESS my ha~~d and offiua! seal th~s_ .?~C__._.____ day of- t0~9r A. D. 19 72
j
i;' ' ~lG~L~sir~~~zz.s~
; P2otary Public and of r the ~tate of Horida at large
r~ My Comm~ss' expires: _ G~ / f'i ~ j
Rn_l~~m To:
~ Firsr federal S~v~ngs 8 loan Assxiat;on
~ r.. :..,rr P ~~,,,.~u.~.
~ . NOTARY PURLIC STATE OF FLORIbA AT IARGE
c~., F, F,,_~ - b1Y CO~~MISSION EXPIRES AUG. 6, 1975
~ . • (iENERAL INSURANCE UNDERWRITERS~ INC.
~ . . ' ~ ~ lEO ~h0 aEC R
~ • s~. wc~c couN~r
~ Thi; In;tr~ment Prepared By: John w. :~fn; = ROGf ~?ZItRA3
First Fe:~era+ Sav:ngs & loan Association . O" ' CLERK C~~'GU!? COURT
~ of Fort Pierce~ Florida 33450=, - R~r,OR^ vE~+c.~p
c?,~Ck~d av ~ ~ , ~ ~CT Z~J ~ 35 AH'7Z '
~C~~r ~iJ~ r~ACE~552 2~~~20
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