HomeMy WebLinkAbout2829 To place ar.d cont~n~o~s:y R~~ep un thr bu~'J~:~~s now or f.rre~fter ~:ruate on s3~d ~and and on JI .'~JI~:~:CIN and pr~sona:'r covered by ~~~~s mortg•
ege, w:th all pr~n~~~ms rhr:eon ~~a d~n tu.l, f~~e ins,.ro~~ce ~n ine us~al sta~.:i,,rd pe'~cy fo~m, m a s~m aE.pro~rd by thr hSJR:~%.i~EE. a~.d w~~~ds~orm
~nsurance in iha us~al s'~•~d.,rd ~oi.cy fcnn, in a wm d~FNOYCd 'uy tha MORiGAGtE, in such co~npany or tom~>an!es as the MORTGAGfE may
d~rett; and all fire ~~d ~~~ndstorm insu•an~~ po'~k~es on any oi s~~d boiid,ngs, a~y intere~t ~hrre~n or ti:art ~herroS, in the ag~~rga~e su~n atoresaid or
in excesa ~I1CIE-0I, 0~~3II ;om„~n tha us~.l sta~~d~~d n,orrgagee •c~~~se or wch o~her c~.+use as rhe Mo~iye~re rc~ay ~rywre, mal~~ng ~he :oas ~~~J~•~ a~~d po~i-
c~es, each and every, pai.;6!e to sa~d ~1JRTGAGtE as :~s ~nt:r~st ~nay a~:p~•ar, a~~d each and e.e~y svth po~;cr al~al~ br pron.yf:y essg~~cd ~~~d da~r+en-d ~o
eny held by s~~d ~AOR(GAGEE as fu~~h~r secur~r~ ro ss:tl ~*~J:ty372 d<br. and. ~o~ liss than ten (101 da~s in ad•a~~:e of fhr axp~renon of ~ach pol.cy, to de-
l~ver ro said MOR~GAGEE J ic'nNw31 ~he,eof, toge~har w~~h a rece,pt for the pre ~u~m oi such ~enr+„al; y~:d ~h~•re sh~L' Lr ~a i~rr u.v,~~:isro~m ~nsurance
ptaced on any of sa~d b~i~dm9s, any intzrest there~n or par~ thereof, ~n;rss ~n ~he form and w~~h the tosa pay.,b!e as aioresa~d: and ~n the r~e~v any sum
of money becomes pataLle under such poiicy « po!~ues said MORiGAGEE s1~el! lia~e ihe op~~on ro rec_~.~r vnd apN!y ~hr sa~~~e on aao~~~~ of ~h^ ~~~d~•c~tcd~
ness sews~cL!~:~eby w ro perm;t ea~J MORTGAGORS to recr~va ar.d use it or ~:r~ ~~t rr..•:~ot t~r o:~~• r~.~r, „s•:s, :..+:~..;t .ti 3~< <~~~r-•~'-
~ng any equ;ty,.ycn or ~~yht ~nder or by v~r~ue of ~h~s morrga5e; and in ~he ev<nt sa.d MORf~;AGORS sha:l for any re~son ta~l to kr~p ~he sa~d premis;s so
~nsured, or faii to det~.e. pro~np~ly any of said po~~tirs of insurante to sa:d MORiGAGEE.. or ia~l ~uomp!ty to poy tu::y any ~.:~n::.:~n ther~•for o~ a'ly
~espec~ fai'. to per'.oren, d.schor3e, e,e.•utr. efFec~, tanp'.rrr, con~ply with and a6ide by th~s covc~.~:t~, or an~ p.~rt h,:rruf, s+~d M~2T:,:.CicE may p~acr a:~o
pa~ for such insur.;nce oi any part th~~eof ~v~thout waiving or aifac~i~g any opticn, lien, ey~~ty, or n~ht u~~der or by v<<t~t ot ~his l~tortgage, and tht
t„I~ an~cvnt o1 each a~•d r.rry s~:h payrtiem sheil 6r im~nediately due and payab+e and shall Fra. irocrest from ~he dota therrof un~+l p~~d ai the rate of
ninc per ien~~:n H~• a~:u: a~~~:i to~c~~i;r ,n~th :~ch u,~.~~cst shali be sa.ured by the iien oi tA~a n~~ouyeye.
To permit, co~r.~n~t or s~fFe+ no ~naatr, impaim:ent or d~•it~~ioration of sa~d proF:~•rty or any parl the~rof.
5. To p:+y all and s~ngular the costs, cheryes and expenses, induding a reaso~,ab!e auorney's fee and costs of absr.ads of nt~e, incurred or pa~d a~
any t~me by s~~d h1GRivAGTE, beca~se w~n the even~ of ~he (a:lure on tiie pa~f of the said h1URiGAGOR ro d~ty, peoa~F:Ny and fu~~y perform, d~scharqe
_.ec~te, effec~, to~nplete, co~n~,!y w~th and ab de by each and every ~he st~pu~ae~ons, ag~eamrnts, cor.Jitions, and co~rnan~s of se~d p~on:~ssory note and ih~s
,:or~gage any or enher, a~~d sa:d costs, charges and exp_nses, each and every, shall be im~nrd~ately due and payabir; whrrher or not th~~re be nonc~ dt
mand, attemp~ to colled or su;t pend~ng; and thz f~U amount oi each and everY wch paymrnt shatt bea~ ;nt~res~ fwrn ihe dafe th~reot until pa~d at t1~e
r~ o' ncnc u~~r c~nt~~r, Hrr w::w.~i, alV seid tosts, iherg~'s and eape~~scs incurred or pa~d, togettier ~v~th s~th ~nte~est. iholl b2 sec+,rcd by lhe I~rn of th~b
mortgage.
6. That ;ai in th~ event of a~y hrrach o~ this Mortgage or defauit on the part oi thr A'.ORiGAGOR, or ;bi in the event any of sa`d sums of money
herein referred to b•_ not pianNtly and f~lly paid w~tnin ~h~rty 130) days neat att•,~ the sa~ne seve~ally teco~»e due and payob~e, W~~}+JU1 demand or not~ce,
or (c) in thr event r~ch and evrry the st~,~u:at~uns, a9reemants, wnd:t~o~~s and wvenann o1 sa d prom~siery nota and tV:~s mo~tgage eny or e+ther a~e nol .
~;,;y, pro~r.pNy anc! ;u~ty pe+formed, d s;i~arg_d, exetuted, effected, completed, compi:ed w~!h and at;~d~•d 5y, then in e~~her or any such rvem the sa~d ag-
~ egatr wm ment~cr~ed m said pron.~swry ~iote then re~naining unpa~d, wiih intere,t acc~urd. and .i~i moncys secured hereby, shaN becomr due and pay-
ab'e forthwirh, or tn•_~iafrrr, at the op!~on ct sa~d h102TGAG~E, as fuily and comp!ete!y as if all of the se~d wn~s oi money were or,gina:ly snp~:ated
to be pa.d on such dc~, my~t,~ng in sa.d pro~n;ssory note or in th~s Mortqa9e to the conna:y nu~.~nns~.~~,d:ny; and ~hereupon or the~eaf~er at the opnon of
sa.d MORTGAGEE, vv~thcut not~ce or dr~r~a:i3, suit at iaw or in eqwty, the~efore or thereattrr begun, n~ay be pros~cut~d as if all moneys sew~ed hereby
r,~d matured pr~or to ~ts inst~t~n~on.
7, Ihat in the event that at thc beginn~ng of w at any time pending any su~t ~pon this ~dortgage. or to foretlose it, or to reform it, or to enfo~ce
,,.+yment o~ any c!sims he~eund~r, said 110RTG:~GEE s~a4~ apply to the Court havi«g ~ur~~d•.t!on ti~rreof for the appo~ntmeM of a Rece~~er, such Co~~t shall
r;rih.vith appoint a re.eiver of s~id mortgaged property atl and s~ngular, includ.ng aU a~~d s~nq~~3r t~~e ~:xome, p~oi~ts, ~:wes and reven~es from whctever
s~~rce de~ivrd, eech and every of wn:ch, it be~r.g express'y undrrsrucd, is hereby mortgaged as +f sFec.l~ca!iy set for~h and deacrtbed in ihe granHng and •
r.~bendom c!a~ses hercof, and such Rccei~er sh,~ll have all the b~cad and effecr~ve f~nc+.c:u and po.vers in anyw~se e~u~sted by a Covrt to a Recriver, ar.d
s ch 3ppoiNmenl shati be n:ade by such Court as art adm~tted rquity and a matter of 2tJSO~u1B nyht to sa~d MORiGAGfE, and withcut relerenCe lo the
•.t •~.~;ty o~ ~~a~rq.~ncy o! thr va:ue of ihe property mortgaged o~ to the so.venCy or ~nsu~vrncy of sa~d fY,OR:GAGOR or ehe def~ndants, and !het such
~••~~s, profits, income, issues ar.J re~ertues shali be apNi~ed by such Receive~ accord~ng to the :ien or equ~ty of sa:d A10RiGAGEE and the praUice of wtA
Court.
8. To duly, pro~~ptty and fuf~y perform, d~scha~ge, execute, eifetf, compiete, cortiHly w:th and abide by each and eve~y the st~pu~ations, agreements,
;,;r:ditions and coae:~ams ~n s;-,d pro:n~siory no!e a~id this rnortgage set forth.
9. That~ in the evenr rhe ownership of the mortgaged pren,~ses, or any part thcreof, becomes vested in s~erson other than the MORTGAGOR, the
~.:`?RiGAGEE, its succcsw~s and ass:gns, may, w~~hour ~once to ~he ~Y~OR?G~OR, dea~ w~sh such successor or s~.ccessor in ~nterest .vnh refe~ence to this
r, o-tgage and thc d-~ct !,c:eby secured in the same manne~ as with ~Aort~agor w~ihoui in any ~vay vit;ating or o:scharging the lAarfga9ori liabifity here-
.;:•.:ier or uFon the d~~r n_reuy sec~r•_d. No saie of ihe F~e~n~ses h~reoy .ryp~tgaged and no forbearance on the part of the I,1pRTGAGEE or its successws
~ ass~9ns ar.d ~o eare~•s~o~ of ~ne ~~:nt fo~ !he paymem oi the debt h_~reby sec~red g~ven by the 1.~ORTGAG:E o~ its xuccessors or ass:gns, a~~ail operate
ro re!case, d.scharge, ~nod,fy cliange or affect the orig~naf Gau:~~ty of the MORiGAGOR herein, enher m whole or in pan.
10. h is s;.ec~f~,~!iv ~oreed that time ~s of the esse~ce of thfs contract and ~hat no-waiver of any obl;ganon hrreunder or cf the obligatiop.sr
;ured hereby sFai! at en~ tu*:e therrafter be he'd to be a w~~~er of the terms hereof or of the instr~m~nt secured he~by.
1 t. Ir, a:i:i r:o ;~o turego n~ r:~onth'~ p.;y~n~nts o4 p:n~.c pel and Int~iEif reqv~red by the prem sscry no!r set~red hereb~. mortga~or eovenants
_ ag~ees to ;:,+y +o r.c:tg.~_~ee ~1~~h eaih ~~~n'y p~r~:.ent an add::EOnal s~~n rs+ ^ ated by mortg3gee to be equai to 1: 12 of t!ie ann~a~ cost of ~he follow-
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A--Ai~ r~o~ ,,~cp^rr; i.;xes ien~ ~ er ass:~ss_d tiei~ ur thc d'co.e desc~,h~d r_a! evere. ~
B Fr_n.;~:~s on f:r :~•.d windstor.n ins.,rarce as h:rein n~qu~ied tu be carreed on ihe im~revemeats s;wate on tii_ a5ove dasc~ibed premfses.
C-Pr_rn~o • s c: s::.n ~.crt~.~ge g.~a+ar.ty irwrar,ce as morrgag-~e sha:{ from r r,:e to !~~re dcrm fit to ca:ry on the loa~ ScC~red ~irrek~y.
h~or~gaqee s~ 1~^~e tc t; ~~e nor,f; mcrryagcr m~ritmg of the a- ov~t duc ar.d pa~~ai~le here~ndrr and sutF su•r, sh~li t.tereuron bc due and
. ~yab!r on rh~- d~e ca'r ~r iF~e ne•t ~~~o:.th:i paym:nt a~:d e~ch success~ve r*;or.th ti,ereaite~ u~.tii mcrtc3gee shall not~f~ mortgagor ef a change in su:h
_~~~~n!. S~ch s~rns s..~.. a~~:-.~i1 oy n:orty:~3~_r to:.ard ti~e aa~rt:ent ot rral prcperty taxes, in5ora~~[e pre~~:~~ns, and mortgaga yuaranfy inwrante
. t ~~,iums. ~
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IN ':JiTP+E~S ;~N.R:^F, rhe sa~d .•ACRTGkG.^.R has hcre~•~to sei F~s h~r.d ar.d s^_a! !he day and year first aforesa~d.
~ Signed, Seated and drl~ve*ed in the presence of: ~
~ " i ` /
\
i~.'L -u ~ ~ _c r . . ~ ' ~ ' :s ($eal)
o n L. btar tin ~~,i~
1-~ G` - / <.~ec, tT -2:t ,.c l (Seal)
~ , Barbara I~farti t~aq
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3
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~iAiE OF FLORIDA ~
Volusia
~ ::;U.'JTY OF _ ~ -
~ Before me personatly appeared _ JOt'1L1 1... Alartin and
Barbara Atartin h;: wife, to me we11 known and knovvn to me to be
the ind~vid~a!s describ~d in and who executed the foregoing instrument, and acknowledged before me that they exetuted the same for the purpozes
rFe.ein e:pressed. And the sad__ garbara. Mar t in
x,fe of the sa~d •~O~ltl L. ~Iartin u~on a separate and private
~ ~~.3m'nat~cn by me taicen separate and apa~t from her sa~d husband, acknowledged nd before me hat she e cuted said instrument free~y and volun-
~ sa-r~ and w:thout any compulsion, cor,straint, appr ensl n, or fear of or from her ~~l~usband_
~ YJITNE55 my hand arTd offic~al seal this_ - day of_- - • 19-~-
~ ~r1~ . /.1~~ : ~ j
~ . • --t~otary Pubtic in a for 1 `^'vv l~jElORN1AAT(ARjE
~ ~G~ , ••.•L._ .r My Comm~ssion expires: ~ 191~
~ ~ ~i
teturn `S:i: ' ' - c
~ Fits~F~~al vir~s ~~oar~ Assa~iafion EL! i. r~JHPATT
~ ~j RrEAL ESTATE SERVICE
; ?~7' P~,~e. ~ 'W ~
~r ~ ~ Ot lY`!. K~~ ~'7; ~l~ ` V~ fla. 3272t`
% % ~ Phone (904) 734-Fi93C
~ - C= Y ~
~ ;'j~'•., ~r • .
l fl~s3a~~• ~
s ~ FILEO ~ki f:ECORDEO
~ This ~fnst+urn~?n~ Prepared By John tJ. Col l ins ST ~~~~E ~~L'NTY FLA.
~ First Federal Savings 8~ loan Association RGGE~ r~;s:~~s
C~EYr. C., cU~? Cp
of Fort Pierce, Florida ~F^r,? ~ URT
~ C V~= =i_p~
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Checked By f 1 I 2i PH ~71
~ ~43529
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