HomeMy WebLinkAbout1737 3. To p!ace and•c~mir.uo~s~y keep on tiie b~~'J~ngs no.v or hrr~•afrer ~ituate on se~d !end and 'un a!: ~ q~+p~:~ent ancl pe~sOnally tovrief~ by this mor
eqe, w:fh all prrn.iu~t,s theri•on p~ d~n fuil, 1~n• ~~~sur~ute ~n ti~e ~~suai i!onda~d po:it/ form. in d e~n: a{.N~ored by ti~a R'.Ok~v:'~GE:, a~,d w~'~dsto
'.nsurance in tha usual s~~n.l.,~d po: cy fonn, ~n a su~n arF~royed Ly ~he AIORTGAGEE, in such co n{~a~~y or cenepan.es as the t:.URTvAGEE m
d rect; and all Siie a~~d w~ndstonn ini~'~~~G:r F-o:~G~'s on any of s~~d bui!C~.r,gS, any inlen:sl tt~eicin or ~:a~t thcreof, in the aggr~_~ut~ g~~n afO~es~id
in extess Iharcol, S+~a:l Cont.,~n th~ us~.:l st,r~.t1.~~d rnorrgegtc' C~~use or suCh OthEr C'~use ds the Alo~tya~cc r~ay re:~~.re. ~r~aA~ng tl~_ ~oss und..'r S~+~d po
c es, eoch and ~~ery. pa~:~b'r io s~~d ~1JRIG4GEE as .~s ~~~~_r.st r.iay appear, a~:d each and e.e~y wsh p.:• :c~ s! ~;l i>e prun,~,iiy ass y~:~d a~ d dc'.~1~r~d :
~n~ h.rld l~y s~:d L10RIGAGtE as f~rih_r s~_wr~Ty to ii~d ~-.urtgage dcot. and. not less ~han ten ~10; de,s in aci..~~~ce ot ii~~ ex~;~~~t~on of each po!,c;. to d.
I.ver to se~d f.10RiGAG~E ~ re~:c::~i th.•r.;of, toyethr~ ~n~th a mcr~pt fo~ th_ Crr~n;um of suth re<<e~.,'; n~+d th~~re sh~ll bc no f.re or w,~~dstcrm insvrant
;c.d on a~~y of sa~d bui!dr~gs, any ini:~rest there:~ or Nart thcrrof, un'~~as in fhe fonn ar~d w~~h the ~oss pay:,b:e as a'ores~~d; an~) in the event any sun
o! money brco•nes pa~a~'e ~~~der s~ch Nolicy or poi,cies said ~dORTG~GEE sh;tl have ~he oNf.en ro rec:~:r .~:..1 ~pF:'.y 1~~_ sa~:~e on accouv of ihe ind~~bt~•d
n._.ss St'.:.rccl h2reby or io p.'rmit s~~d MORTGAGORS to reR•i~c a!~.t~ use it Or any ~~,:~.rl th,~.~•o) t:.-.r c::~ r:.~~ .i~ th....~, ~'•'.r 1
~n~ any equ~ty, I:en or riyht uncl~_r or by virtue of this mertg,~9e; and in Ihe event sa d:\1pRTGAGORS shi!I :or any +eason fail to k~~ep the sa~d pre~n~s^s so
~~s~r~d, ar f.~il to dr!~v~•~ {:~o~nptly any of s~~d po~~c~~•s of insurance to sad MORTGAGEE, or i~~: ~+r::+~~NC!y to ~ ay f~'iy any p'_ ~n ti~r~~•lor or i~~ a•~y
r.,s~ _tt f.i~l to periorni, dlsch~r~e. eze~ut~~. eliect, tOn~p;ct~~. co•nply with and abide by this toven~nt, o~ any p.~r~ h~~eof, S.~:ci PAi~2i;,AG~E ~~,3Y i"d~^ a'°a
~ a; fo~ s~ch insur,.nce cr any part th<r~of w:~hout waiving or affecting any opt•on, lien, equ~fy, or ri~h~ und_r or by virrue ot ih~s hlo~tgage, and thc
1..'I dr:lG~nt of each ar.~1 e.ery s~~ch pa~ment shai! be i~+.mediately due and payable and shaff b_ar int~r~st fiom tha deta thcrcof unt~t p„id at the rate ot
e p~•r c_ntu•n per dn:w n d~;d tc3,tV;:r ,nrh Su:h i~~te:,st sh~u b? s_•CUred by the lien OS this mortgaye.
d. To permit, convnit or suf'ter no waite, i~npa'uri:ent or drtrrioration of sa~d property or any pa~t there~f.
5. To F.ay all a~~d LnyuiJ~ rhe cos~s, charges ard ex~nses, ~nciud~ng a rra;on~b!e at~omry'a f~~e a~~d ccs!s oi a5srracts of t~tie, ~ncun~d o~ pa~d at
; ti ~.e by s;~d h'.ORIGAG~E, because er ~n ihe event of the fa;lure on tha part of tt~e said h10RiGAGQR to d~ly, pro npfty and f~;iy Fc~forn:, d~scharge
,~re, efi~~~, ce~~~p(~te, ce,,~:!y w~ih a~~d abJe by each and every the s~iputa~,ons, agree~nanrs, eond~t~ons, and CJVC~~ani5 oi sa~d p:o:nsso~y note a~~,d ~F,~s
•,;~rg;ge any or enher, „nd s~ d ccsts, cherges a~~d expenses, each and every, sha~l be immrd~ately due and payab:e; •~rh_•fher or not there be not~ce ci-r
- d, atre"~p~ to co:~ec~ cr suit prnd.ng; and the ful! a~n~unt of each and e~ery wch paymem shat~ 6ea. in~•~res~ froni the dare thereot unril pa~d at the
ie c~r i,:~::,:-i. <<, ~i; sa~d c:.>ts, ci~a:~~~s a~~d ~x:e~u~s ~r.e~~red o~ p~id. toge~h~r ~v.th such ~nrei~st, shall be sacured by the ur~ of th~s
n~ortgage_ .
6. That (a) in the event of any 6rrach cf this Morrgage or defau~t on th~ part of ihe :~'.ORTG~GOR, or ;b) in the event any oF sa'd sums of money
1:~rein referred ro be not prc• ~,riy and fu~fy paid w~+t~m th:rty i3Ji days next arr•:~ the same sc+ere::y brco•ne dve un~l payable, wiiho~t dernand o~ net~ce,
_ c) in thr event each and every th: stiyu.anons, ag~eements, ce~~d~'~ons and covenants o! sad ~ro~+~~ss::~y note end th,s mortgage any or erther a~e not
!,:y, pro~npity dnd Iuiiy pf;~(onred, d.5.narg_d, zxecuf~d, eifected, co~npletad, compned with and ab~dcd Sy, then in ~.ther or any su:h eveM the sa,d ag-
3a?r s~m menr~o~~ed in sy~d pron~i~sory no'e th~n rema~ning un~aid, with ~nterest accr~~d, and e~i mon~•~s set~rrd hereby, sf~atl become due and pa~-
. iorrh.v~fh, cr therea4rer, at the e;>t~on of sd~d A10RiGAG~E, as f~iiy and comp!e~c;y as i4 a't of se~d swns of money were ong~na;ly s~ p~.ated
• r,,~ ; a d on wch dcy, anyfi:~ny i~i s_~ d pro:n~ssOry nciC or in this Mortgage to the con~rary not;nthsta~~d,ng; and th~reupon or thrreaftrr at the oF~t,on of
s i!J10RTGAGEE, w~sM,ouT no+~:c or d~mard, surt at low or in equ~ty, therefore or thereaiter beyun, n~ay be prosecutc•d as if all moneys secwed hereby
ci n~a'~red pnor to ~is inshtunon.
7. Th3t ;n the e:ent that at the b~~inn:ng of or at any time pend~ng ar.y suit upon tius Mo~tqage, or to forec;ose it, or to reform it, or ta enforce
~~.ment of a-iy o~:~r,s he~eund_•r, s~,~c t:.JRTGAGEF sha;! apply to thc Courf hav~ng ~ur,sd.ct.on ti~~~uo! for the aPNO~ntment of a Reteiler, wch Co~rt shail
.i~wrth apc,c,.nt a receivCt Of s: ~c~ :'::.~rty^ag_d proprrty dl! d~id sing~ldr, inc:~e~ r~g a~l a~,t1 s~~~g~~ar ir.e i^G~::'..e. (~~af;SS. iSSOC3 ard rCVCr.ues }rOm wh.iteve~
.~.a d~~nved, each anti every of ~nc ~t be~ng exp:ess''y understcod. ~s Fer_by rtiO~tgy3cd as ~f Sp;et.~~ca:~y set forth and desCr~bed in the yra~~tii~g a~:d
~_:ndum c;a::s~s her~of, ar.d suth Reccr:e' sha~i have a~l the b~aad ar,d effMhve f~nct.uns and po~.e•s in anyw~se enrr~strd by a Court to a Ric<irer, and
s_h appointn,e~it shait be made by such Court as an ad ni!ted equity and a r*.atter of abso,utr ~ yM ro said MORTGAGEE, and w~+hcut reference to the
~,y~,cy er inadeq:,acy of ihe value of fhe property mongaged or to the so.ve~cy or ~r,so:~..~ncy oi sa~d R:OR+GAGOR or the defenda•~ts, and thet such
•s, pro4:ts, incane, ~ssues and reven~es sha~i be applied by svch Reca~ver ac:ord~ng to ~he I~en or rquity of sa:d MORTGAGEE and the pract~ce of wch
~ J'J f i.
8. To duly, prompt:y and fully pe~Form, d~scharge, execute, effect, complete, compiy w~ih and abide by each and every the stipuiations, agreemeMS,
.:~~d~tiens and covenanrs ,n sa~d promisso:y note and th~s mortgage set forth.
9. That in the event the ownersh~p of the ~rorlgaged prem~ses, or any part ihereof, becomes vested in a pers~n other th~n the MORTGAG~R, the
~RTGAGEE, its successois ar.d au~ynz, may, vfithout notice to the A10RTGAOR, deat w~th suth sutcessor or successor in interest ~vith tefe~ence to this
~~~}gage ar,d rhe d_~ot he~e6y secured m the same manr,er as wi~h hlortgagor w~thout in any way vit:ating or d.scharging the tdortgagors' tiabiiity here-
,..ier or upon the d~br herr~~ sccured No sa'e of the F~r.r.ises hareb~ mcrtgaged ard no fo:bearance on the part of thz tIRORTGAGEE or its successors
o• ess~g~~s and r.o ex~e~•s~on of rhe e::ne icr the payn,ent or the debr hereby secured given by the G10RTGAGEE or its svccessors or asi.gns, a~~all operate
re retease, d:scha:ge, n•~od~fy ch~cge or affect the o+ig~na! liau:in~ of the MtORTGAGOR F~e~ein, either in whole or in part.
10. It is sFec f~:~l;y a~~eed thar t~~ne is of the essence ef fhis contract and that no wa~ver of any ob' ,arion hereunder or of the ob!igation se-
c:,-ed hereby sha'~ at an~ ti-~~e rh_r<after be h_id to be a wn~ver of the terms hereof or of the instrurnem sec~red he~by.
11. In ,:i•! r.. ~•o ri~_. <crc-ac n~ r.,o~;rh!y F':,y'''-'^'s of princ aa1 and inr ~rest requ~red b~ th~ F,rom sscry ne'~~ so.vred h~~reb f. morfga3or eovenams
a~~~cs to ra~ to :-,o t~.a~-: v,,th ~•.;cn n~or~ih ~;,a,~ ent an acid,r~onal es' r;;ted b~ morlyjgee to be eyvai to 1 12 of t:ir an,wa~ cost of the fo~iaw-
A-AL' real F,rcpc~ty tax.s Ic.~_ : or JSS_SS~rO aga~~~st thc a6ove descri~<d r_al estate.
6- F.~•:. :,s cn f~re• ard w~r.dstc•m Insu~arce as nere~n req.:,red to bz carn~d en the +~.+provements s~tvate on th,r above descrifxd premises.
C-Pre~~~iu.~ s o~:~ch ~~,ort~:.n~ 9ua~.;nty inwra~ ce as mortgagee sha~l frorT: r r.,e ro ti~re d~em fit to cany or. the loan secured hereby.
~ r.lorrg;gee s'~ `~o,n r~..,e to t~ - e~,enf; ~r.c~~g,gcr ~n wrirng of the a•-:ou•it d.:e and pa~able her~undrr and such su:r sh.~ll th~~reupon be due and
j ,-t~:e on rh~ d.rr ci,. • oi ~he n~•.t mo~th:~ ~~aym~~nt and each successive mo•.!h !hereafter u~:til mcrtgagee sha!I not:fy mortyayor of a change in wch
i »nt. Such so;r,s s~ e~',e a,%{~ ~~•ci by ~nertg~g re tov.ard tiie payment of real property taxes, insurance prem.ums, a~d mortgage guaranty insurance
~ ; ....~wms _ ,
IN \'1JTNESS :'.H~REOF, the sa~d N10kTGAGCR has hereunto set his ha~,d and seal the day and year first aforesa~d.
~ r~5i ned, Sealed an el'ver~! in the presence of:
~ ~ ~ (Seal)
, ~ ' _ ~c~--`_. Willlan J. O erLy (Seaq
2L ~LL ~ ,
~ - rga t Do erty tsea ~
_ ~ -+TE OF FIORIDA ~
55. .
: JU'JTY OF . LIICle _ _ 1
Before me personally appeared ~1117~~ .1. ~Otl@Yty and
M$rCJdYe _ R• WheZty _ his wife, to me well known and known to me to be
ind~viduals descr~Ued in and who executed the foregoing instrument, and acknowledged before me that they executed the`same for the pUrposes
r~-•~•ein expressed. And the said___Mar aret R. Doherty -
~ ~e of the sa~d _____~11.11H~ J. Doherty ~j~pq~~ae and private
~ .,1•n,nat~on by me taien separate and apart from her said husband, acknowledged to and before me that she ezecuted~yid~~ yumehR, q and volurr
~ ~ ar~d w~thout any coTpulsion, constrain;, apprehens~on, or fear of or from her sa~d husband. : %
~
WITNESS my hand and offic~al seal ihis_. ~_4 ~ day of_ er ~ 7 :D. .19 72
~ • ~ ~'i J': t
~ ~~L.~ Lc' c iC. "
~ Notary Pub1k in and for. tF~e Yta ~~oiie :~~e
~ My Comm~ssion expires: : " ~ ~
Return To: ~ •
~ Flrst Federal Savings 3 loan Assoc~at:on
NOTARY PUBLIC ~TAT7~ ~RIDAtt IARGF
~ JS ~u ~ P~" FllEO AND „ECORDEO MY CJMMISSIGN EXPIRES SEPT. 25, 1915
F°'} P"~•`" F~```" ST. LUCIc COUNTY FIA. BondeC 6y Amer~can Bankers Insurance Co.
~ ROCER ~O~TRAS ~
CIEaK CIkCU1T COURT ~
RECO~C VE~tF~ED..~-
This Instrument Pre ared B 1.H. RObert~ u
First Federal Savings & L an Association 25 2 16 Pr,
~ of Fort Pierce• FloYida
Checked By - ~ k 2~~ PAGE
~~QS*7?7 { CGK
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a~~ c~ '~4;~, , ` _ -
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