HomeMy WebLinkAbout1554 3. To p!xc ~+~~d c~~nt~nuo~s;~ ~cep on !h~ L~~ .~~~~gs no.v or hercaftet a~tuate on s~ d Iand and on 3': rq.np:n8~t dnd PQ~SOndlly tovered by th~s mor
ege. w!1h all pr~n;w~•,s ~i,~~~~on F,ad :n fu:l, i,rc i~s~io~'.c~ ~r~ ilia ui.,ai ste~:d~rd po!~ty form, in a s~~n a~.prol~d b~ th~ h1Uk~a%:GCE, a~~d w~~~Jsto
.r~surance in tha ~su.~l s+r.~.l.~rd ~:o~ c/ fo~m, in a i~~n e;:F;ro.cd !~y the AZORTGAGEE, in such ccm;,a~~y ar co'+~~ an~e~ as ihe ~.10RivAGEE m
d~rect; and all fire o~.d w,nJstonn ~n5~'anca {.o:+t:rs o+~ eny of s~~d 6uild,ngs, any iNCrril Ihr~e~n or pa•f th_rcof, in Ihe a99~~:g~fe Sa}~ aioresaid
in excess th~•rcof, s~~alf :o~ r.~.n ~he ~s~..l sr,,d.rd n,u~tg~gee c~~~se or such oiher c'~:~~se as the hlorty,~gee may rccy~.~e, maM~ng u~e .o~s ~~~~r~ s.~:d po
c~es, eech and eve~V. F~,-•J'~' ~o s,,~d :',J3TiiAGEE as ~ts ~n~_r<st ~nay appear, a~:d eath and evcry s~ch F~.. ~i~ sh,,,l(i~r pron,NTiy assy~~cd d dr•~•~•«•d
ani h~td by sj~d AIORi';AGcE as tw~h_r s:.~~~+; ro sa~d :+.ort~~3e d_ot, a~~d, not Iess ihan ~en ~iQ~ d~,s i:~ ad•ar.ce of rhe e~puaf~on o4 e~:h po:;cy, to d.
I~~er to sa~d ~ti1pRiGA:,ff a ren~•r:al tt,cr.•ot, to~eth?r wrth a rete~pt 10~ the pr~n:ium o~ svth re~~cr.~: a~~d th~•re s!~:+.i be no Lre c• .v ~±s+~•'~~~ ~~~suranC
p'ated on any oS sa d bu:!d nas, a~~y intcresl Ihere.n or part ti~ereof, un!ess in thC form a•~d w~!h ihe ~css p~~~b~e as oforesaid; and in ihe ereM any su~
ol money becO:i:2i pay.:L:e unJrr wch HoGty or poLcirs s~~d MORTGAGEE sh~ll have thr oFt,on ~o r~c_~.._ d~, {'i th~; sa~~r on ac:ou,t of thr i~~J~•~;rtd
n~•ss sec~rrd h~~r~~by ot lo pe~n~,~t s~~:d lAOkivAvORS to ree~•ivc and use it Or any p,r.t tl~,:...~f t.,, •i j„r
~n~ a~y eq~.tj, i:en or r~yhr und••~ or by v~r~ue o1 th~s n cr'gage; and in the e~en~ sa d At~RlGAGORS sh.~!I `.o~ ~ny r~'ason fai~ to k~~rp ~he sa~d premiscs so
nsur~d, o~ fd~i to d•:'~ver pro•nF~t".y a+.y vf seid polti_s of ~niurance to Sa[d MORTGAGEE, or t:,~: pro~~::~ciy to {~ay f,,.:y any ,:r<~'n~..^~ ~~~~<<•!or or ~n a•~y
resF~~ct {aii to perfo~m, d.sch,rye, eaecuir, ef+e!t. comp:etr, cornply with and ab~de by th,s covc•~a~~t. or any p,rt h.r~•of, s.~id M.vEi~:~GEE may piao~ a~o
pay for wch insur.,nce or a~ry part thc•~aof wohout waiv~ng or aifecting any opt~on, lie~, equny, or rr.;h~ u~~•Jcr or by vurue of ~~~s Alorrgaga, ar.d the
tu~~ a~nount of each a+.v e.r-;' :uch pe~r~~,r~t shai! be im:nediately d~e and payable and sh.i! b_ar inte~:-st iro~n the dotr tl~~•rcof ~nul N.,~d at tha rate ot
n~re per cant~;n per ar.n~ n.~~i~1 +o7_•ih:. ~nnh suc~~ ~~r.c•~~v sheu be s=wred by the I~en of this mortgage.
To perrnit, com:t~~t or s~4fer no weste, impairrtienr or deterioration of sa~d p~opcrty or any pa~t the~rof.
5. To pay a~l and sir.g~lar the costs, chargcs ar.d expenses, ~nciuding a re~sonaufe attorney's fee and cests of abstracts of titl~, i~cur.ed or paid at
~ny tine by i,~d h'.CiR?iiAG`.E, u~•cavse or in thc evrr,t of rh~ fa~iure on the pa~f of ~he said MORiGAGOR to du1y. p~onpily and fu.ly pcrfonn, d~scharge
._cur.~, effec~, cem~,,ete, crn~:!y wnh a~d ab dr by e.,.h and every the s~ipu~at ons. agrcemrnts, cond~nons, and cove<<ants oi sa~d p~o~r[,sory note a~~d ~h~s
.~oirgage any or e~iher, e:,d sa d costs, cha•ges and exprns~s, each and every, shall be immrdate!y due and peyab:e; vvh~~ther o~ not there be nonce d:~
n~and, atren,pt to co'.:zct er s~~t pend,~,9; and the lull amount of each ano e~rry svch paymem shalt bea~ mreresf from the date the.eot ~n~il paid at the
~ o~ ~.ine per c~~:c:•~: ~::~d ~„~d wsii, ci~a:grs and ~x.;.r~:ses :~x~rred or pa~d, toyethcr ~v:th such ~nterest, st~a11 be secured by the iien of th~s
:~,ortgage.
6. Tha~ (a) in thr evem of any breach of this Mortgage or defau!t on th~ part oi the f.".ORTGnGOR, or ;b; in ~he event any of sa'd sums of money
herein refarred to be nct ErG~•::!,y ~r.d f~!ly paid witlun m.rty ~3J; da~s next a•r_•r the sa~T~e s~~+era';~ beco•ne .iue and payabte, withovt demand or not~ce.
,c) in tha event each and eec~ r ~he st~pu~atwns, a9reeme~>>s. co~~d~rions ar.d covenanss of s~ d p~e~~,:swr~ noi~~ a~~d !h.s mu~tgage any or eit~er are not
Ju.y, prornpdy and ful~y ~er:a •_d, d scf+arg~_d, exeo,:ad, effected, comp•.etrd, compl~ed v.rth and ai:~d,d 7y, then ~n e.tht~r or any w.h event the sa~d ag-
;~••;_~s!e sum mennoned in S~~d F::o,r,,;;ory r.c!e then remaining unpaid. ~vitn intere;t acc~ued, and ~nunvys secured hereby, shail tecome due and pay-
~ tcrfhvith, or th~rea.hrr, at ;t,~- oEr.un ot sy~d A102TGAGEE, as fui(y a~~ comp:ere!y as if a':i of tl:._ s.~~d swns of money were or;gina.ty st:pu:ated
,c pa d on such d,:y, anitk~nc~ ~n s, d Fro n,ssery note or in this t.1o•tgage to the convar~ not.v~tF.s+a~:d.:~g: ~nd th~•rrupon or thereafte~ at the opi~on of
s:! :',ORiGAGEE, w~r`,cur no?.c~• or d~•n,and, suit at low or in eq~~ty, fheiefore or thereaiter begu~ti, n~a~ be prosecuted as if all moneys secured hereby
r.,d ~narured pr~pr to ~ts inSt~tut~on.
7. Ihat in 1he cvent tt,at at she ta~ir.n~ng of or at any lime pending any s~it upon this Mo~tgage, or to fo~edose ~t, or to reform it, or to enforce
~ e:ment of any d,:ims hereu~~d.~+. s~,~d %:GRTGaGfE shali apply to the Co~rt havu:g ~u~~sd.c`:on thc:co} 10~ the appomrment of a Rece~ve~, wch Court shail
•h,vith ap~o:nt a recei.er of ssid c^ortg.~g_d property ail and singu!ar, incwdeg ali a~~d s~~~g~~a~ t':e ~^cc,ne, prof~ts, iswes ard rever,ues from whatever
s~ .rce derived, ea:h and e.ery cf .vi, ch, ~t be.nq exvress!y undrrstced, is Fe:eby me:tg~grd as if spet~}icai:y srt io~th and deseribed in the granting a~~d
,.~ndu~n cia~ses h~~rroi, and s~ch Retel~~r sha,~ hava ail the broad and etfec!rve funce c~s a~~d pov.ers in anyw~se entrusted by a Cou~f to a Receiver, a ~d
s_h ~ppointme:~t shait 6e mad~ by such Co.:rt as an ad ~irttrd equity and a matter of a!•solvte r!ght to said h10RTGAGEE, and v~ithcut reference to the
:^a~,cy er inadrq~acy of th~• va~e of the properry m,arrgaged or ro the sovenc~r or ~nso~vency o1 sa~d R'.ORiGAGUR or the defe~~dants, and th,t such
+s, profrts, inco~ne, issves and rever,ues shail be appiied oy such Reteive~ accord,~:g to the lien or eq~~ty of sa:d 610RTGAGFE and the praU~ce of such
Courf.
8. To d~'y, prompt!y and (ui!y pe~form, dis_harge, execute, effect, comp!ete, cor:~p.ly w~~h and ab~de by each and every the stipulations, agreements,
~~:ditwns and covenants ~n sa~d pro~niszory noTe and th's mertgage set forth.
9. That in the e~c•~t the ownershlp of the mortgaged prem~ses, or any part thereof, 6ecomes ves~ed in a pe~son other than the MQRTGAGOR, the
:"JRTGAGEE, its successors and assigns, may, wirhout no+~ce to the ~Y~OR7GAOR, deal w~th wch successor or successor interest w~~h reference to this
~•tgage ar•d the d_-ut hereby sewred in the same manr.er as with h1ortgagor without in any way vit.atir.g o~ d~sd~arq~ng the ldcrtyagors' tiability her~
~er or upon the d:b~ hereoy sec::red. No sa!e of tbe F~re•~:ises hereb; mo~tgaged and no forbeaiance on t~e part of the t110RiGAGEE or its successors
ass~gns and no eaten5ion o! tFe n;n_~ for the payment of the debt F.ereby sec~red given by the 1.10R7GAGEE or its successors or ass.gns, a~~all operate
ro re~ease, d scharge, mod~fy char qe or atfect the O~~^,~~3I liab,i~ty of fhe M!ORTGAGOR herem, either in v~hole or in part.
10. It is spec'fk.:ll,r ao•erd ihat nme is of tne essence of th~s conrract and that no waiver of any o~ ;ganon hereunder or of the obligati~n se-
a,~ed hereby shal~ at an~ ti•r•e tnareafter be he`.d to be d woilCr of the terms hereof or of the instrurnent srcured herby.
ll. In .::i:i*c.'~ ~,"1 ^'c.;~h~Y pojn~_••»5 ot F~ri^c~pal dn(~ inMr.~s} required by the prOm~Sicr~ ne'r scCUred hCrBb/. mo~f~~3Jr COV0nan15
~ ~ eg•_~es to p~y ^ i _~.+y'::. ..,rh ea_ri .~or.+h y ent an add~'ional su^.i ~s• , arrci by merty.3g~e to be eq~ai to 1 i2 of t,ir an;~ual cost of the foliow-
A-AIf rcal pro~:«~.r; te,.~s ~c:~_ : or asr•_ss_d ag.a~ ~st t~~ ahove d~scribed ri~al esrate. -
E F~._ ~~:,s on t,r~• ar,d ,r~;:dsro ms:r. srce :,s ner~~~n +egu~red to be carr~. d e-i the ;m;:rovemeits s'tvate on the above d_scr~bed premises.
, C-Prcr. w~ s u^. _..ch r.~p!i,j ,JB nua•anty ~esura~ ce as mortgagee sha~l fro-*~ t roe to ti~r,~ daem fit to earry on thc loan sec~red hereb~.
:'ortg;aee s'~-~'I '•cm t~~ne to !~:ne ncnf~ mertgager :n w~iting of the amou~t du~ and payable hereundar and such su~~ shail th~•r~upon be due and
~ ,b'e on e1,_ ci,,• c,r•~ of n• ~t n~o.^.th,; pay~~~=nt a~id e„ch successive mo~~th th~reaft~r w,ti; mc~tgayee sfia!I not!fy mortgagor of a change in such
'I ,~nt. Su-;h s~ ~~s s~ a.i ~ e a~:~. c,y rnortg.3g:e rov:ard the payment of reai prop¢rty TaxeS, inSUrJ::te prem,um5, a:ecl mortgage guaranty insurance
i . ~ •'.~um5.
j I*~ ':~R~JESS '.,H_REOf, the sa~d 1.10RiGAG02 has hereunto set his hai~d and scal the day and yeai first aforesa:d. I _
~ ~~igned, Seale aad de!iv the esence of: "
f-~'~` seat~
~ ' - i ~ (Seal)
~ - - (Seal)
' - - - - - (Seal)
':'alC Vr fLVR1UH ~
~ - St Lucie -
:LI'~TY Of - 1
~ Before me personall appeared George C~~ell and
~ _ i~ose Marie Cam~,y, ell
his wife, to me well known and knor~n to me to be
~ r. ind~v~dua:s desv~bed in and who executed th~ foregoing instr~ment, and acknow~edged before me that they executed the same for the purposes
r~in e,cpressed. And rh~ s~~a___ Rose ~l~e C~pb@ll
'e of the sa~d G
e o
r
Q
e C a=p
b e l l upon a separate an d private
~ nmat~cn by me taken separare and apart from her said husband, acknowledged to and before me that she executed sa~d instru~nent freely and voiun--
~ ~ y and w~rhovt any compufvo~, constra!rt, apprehens.or,,,a( fear of or from her said husband.
7,7[_
~YITNESS my hand and off~csal sral th~s_ day or October , A. D. 19-_~.
~ _ ~ - /
~ Notary Pubfic ' a~d or the tate of Fbrida at large
~ My Fprnmiss' expires: ~e~ /~1 ~
Retum io: •
~ F~~st Federal Sav~n~s 8 toan Assouat~on ' ~r~%+%:1' !C SinTF OF FL04lOA AT LARGt
~ - l~!Y CO:.".'.:!,^:SinIY EXFfRFS AUG_ 6, 1975
~ °f ; P " ~j'~. GENERAL INSURANCE UNDERWRITERS, INC.
~ Fori F~•_,_~. fi~...~.:ia . . ` . ,
~ ~ • . ' fIlEO ANi: nECOR~EO
~ This Instrument Prepared By J. H. Roberts~"3~~~~) ~ ' S7.ll~C~E„~~~N7YFLA-
First Federai Savings & Loan Association ~ ROGf p~~~' RAS ~
~ CLE~K C~:~;;UiT COUiIT
~ of Forr P~erce , Rlorida . aFCORnrF=
~
Checked BY iD~"--------- ~'~,.,,,i~tis~•~: _ YI,~ GJ ~ 35 ~H
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~ 240421
~ Bo~K207 ~~~E1554
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