HomeMy WebLinkAbout3274 3. To p;ace a^d io~,~~noo~sly le~ep on ri~e L~; ~s ~~c.v er h~rc,~irer ~ t„ate on sa d iend a+~J cn a': .,~-nt a~~d pr•sonaity c. .~~~ed 'uy ~h~s mo~tg.
a9e. w:th all pr,;n;:,,•us ~f.~•reon pa d in ful~, f~r< ins..:a-:-a ~n ine us.,al s~and~~d po' cy iorm. in a e.,•n aFprc~cd by the N~J~, V~~JC:. a~ d w~:,~lsro~m
~nsvran,e ~n ~!~e vs~al s•~~da~d Fo:cy fo~~n, in a s~~Ti appro.rd ~1 thr r.1~RTGAGEE, in such cc~npany or ce•,~;~ar..rs ~s the :'02TGACiFE may
d~rect; and ati f~re a~:d w,nd;rorm insu~an~e po!.c~es on a,iy of sa;d b.~i!d.ngs, any inf2~?st ther~in or parl iht•~CJf, i~ ~he aggreg~te iv~~~ afcresa+d or
in excrss thereof, s!~all :on!,~n ~he uwal st~rdard n:ort~.~yre c,~use or ucA o+ner c;o~se as the RSongsJee may requ.re, mal6ng tt~r ;css ~~~dr. s.+:d poii-
r•es, er.h 3nd r:er~, rs,.c'e :o sa•d :11~~4(G4GEE as :~s i~,r...t.sr „,ay a~,~,.~a., ..nd each ar~d every =„ch p~:cr s'>~11 e~r p~omy~:y essy~.~d e~ d de.~.crrd ~o
any held by sa~d 1dORfuAGiE as i„r~he~ secvr+ty ro s3:d n,ortg~ge d~•bt, a~~.J, no~ ~esa than ten (!01 dr~s in ad.,inee of th~ exp~ro~~on of rect, p:.;;cy, to da•
liver 1o sn~d AtORiGAGff a rrnrwai thcrcof, toge~her with a rrce:pt for the pr~~n~um of suth ~encv:a:; o~:d ~i~rra sl,~il ke no t.re ur .~:ndsrc~~n insw.ance
ptaced en any af sa~d tr:,,~d~ngs, any inte~es~ thrre~n or pnn thrreof, ~n:ess in ~he form and wnh the Icss pay,ble as aforesa~d; a~d in the event a~,y sum
of money beco~nes paiab~e v:,der s~ch ;,o;~cy ur µol.cies sa~d MORiGAGEE 3h,~~1 havt rhr oE:!.on ro rec_•~.e .~~:d JPY~.Y ihe sa.ne on ecco~~~~ oi the mJ~•et~•d-
ness securzd her,:by or to per~ut sa:d MORiGA,r,OR$ ro rec~~~ve a~:d use ~t o~ ..:~y p::•r rt:.~-~oi 1;,, .;;s-s. ,.,_f eh ~i , p.:~-
ing any equ~ty, i,en or riyhl undrr or by virtue of th,s mor'gage; and in ~he event sa d A1p,2!GAvORS sha!i for any re:,son fail to keep the v~d premis_s so
insu~ed, or feil !o deliver p~ornptly any of sa~d poi~c~ei of insurante to sald MORTGAGEE, or t~;' pro~~;ptfy to pay t~.iy o;~y prr~~~~~m tnrrrlor o+ ~n a»y
resprc~ fai! ~o pe~form, ds:h~rye, eaecutr, effect, compieie, co+np!y wi~h and ab~de by ~h~s COVe:n3ilt, O~ a,iy pjrt h:reef, sa.d h1~iRi;,AG~E n,,~y y,~aca a a
pay fw such insur.,r.~e er any pa~t ~he~eof w~thoW v~aiving or atiecting any opn:.n, I~en, equ~ry, or r,qh~ v~~der or 61 v~~tue or this A'~or.ya~e, ar.d the
full aroo~ro of each ar.d e.e~y s~ch payrnent shall be ~mmed~arely dve ard pa~able and shat! b~ar imerrsr irom tha date ~n,reoF un~~l p,:~d at ~he ro.e
nine per cenrum per ana,.~~: ~~.d to3,thar w~rh such ~nt~~r~st sh,,~ ;,e secured by the Ge~ of this martgage.
4. To permit, ~ornrn~~ or suffer np waste, imµ~innint or deler;o:aLon of said propcrty or any pa~t therrof.
S.'To pay ail a~~d singuiar rhe costs, charges ard exF:rnsas, ~ncluding a reasonable attorney's fee and ces~s ef abstrads of t~tle, in~~ned or pald af
any ti~ce by s.i~d 1ttOR~GAG~E, becacsr or in rhe even! of the fa.iure on the part of the seid ti10RTGAGOR !o du:y, pra•~y~t(y and f~lly prrfwm, d~scharge
eYec~te, effed, comp:ete, co np!y wnh and ao de by each and every the st~p~lat ont, agreements, cond~nans, and covena~~rs of sa~d pron:~;sary note and th,s
mortgage any or enhrr, ar.d sa d cests, chargrs and expenses, each and every, shaif be im.mrd~atety d~r and pay~ab:e; wh~•rher or no~ rhare be not~ce da
mand, at~e~~pf to co:~ect or sv~t pend:ng; and ~he full amount of each a:,d every wch paymero snall bea• in~erese from ihe dare tF~ereot untit paid a~ the
r~te o+ nine oe~ tcntum Fci a~:~~, n, ~n~ ~n sald ce.srs, ct~a:gas a::d zx:;rns~s ~r.cu~red or paid, toyether .v.th s~ch ~nterrs~, sh.~ll be secured by the i~rn ei th~s
mortga~e.
6. That (a? in the event of eny breach of this Mortgage or defauh on fh> part oi the AI~,O~?GAGOR, or ~b) ~n the event any of sa'd svms of money
here~n referrrd to be not pranNr!y and fully paid wiN~in th~~ty ;30; da;s ~e,t acr_r the sa~•~r se:e~a'ty Lecomr d„e and payable, whho~t demand or norce,
or (cj in thr event each and every rhe stipuia~~ons, agreernants, tondr.;on3 and covenanrs uf s~.d pro,n~ssur,~ nu:r ar,d ih~s n,origage eny or enher arr no~
~v~y, promptfy and iu~iy perfa.~„e~, d.sc'r3arg_d, execut~d, efiectEd. tompteted, co~~p:,ed vr~th and a6~d-d 5y, ihen ~n e~~her o~ any such event the sa.d ag~
gregatz sum ment~~ned in said pro•r~issory.ncte Ihen re~nain:ng ~npaid, v.ith inte~r;t acuued, and a~i ~ncne~s seo~red hereby, shal7 becume dve and pay-
nbte forthwith, or thereafrer, at !he opt~cn of s~id h10~2TGAG~E, as t~{ty and co~•~pletciy as if a1i of thc• s_~~d s~ms of mo~ie~ were or,gina'~ly stlpwated
to be pa.d on wch d~y, zn;thing in sa d pro t::ssory note or ~n th~s Mo~tgaga to the co~~rary not.v,ri,sri~,d.,~g; aud th~reupon or thereefte+ at the eH~~on of
sa~d MORTGAGEE, w~thout nphce or drrr.and, suit at law or in eq~~ty, lher~fore or 1}~~roaftcr brg~n, n:a~ be prosec~ted as if al: moneys Sec~red h?reby
had mar~red pnw to es inst~t~~t~on.
7. That in the event thac ar ~he beginn;:ig of or at any t~rne pertd~n~ any su~t upe~ ii,;s Mor~gage, or to forectose it, or to reform it, or to en(orce
payment of any ca~~ns Aereu~~der, sa~d 1ttORTGaGfE sha:i ~ppty tu the Covrt hav;~~q ~~r,sd.ctien th~,eci for the ~ppo~ntment of a Rece~ver, such Covrt shail
futhwirh apNo.nt a rece~+er of s.:id mo~tgagcd propc>rty al; and singutar, inciud ng a:i and s~nguiar the inco~r.e, profns, issues ar.d reverues from wh~tever
source der~+rd, each and every of whch, ;f be,ng express'y undersrood, ~s fer_-by mo:~~aged as if spec:{~ca~:y set forth a~d descn:~d m the g~anr~ng and
habendum ciauses heieof, ar.d such Receiver sha~i have ail tne b~aad ard efieu,ve furcr cns rnd po.•.en in anyvv~se entrusted by a Co~~t to a kecciver, and
s~ch appOinlmfnt shatt be mode ay svch Court as an ad nitted equity and a rr.a~ter of atso'~te r~ght ro sa~d A",ORTGAGEE, or.d v„~~hcut reference to the
edeyuac~ or inadequacy ot the va.'ue of !he property mo•tyaged or to ihe ic.rnc~ oi ,nsc.:unt~ 01 sa~d MORiGAGOR o~ the de'.e•:Ja-~:s, and th,;t such
rents, proifts, income, iss~es and re~enues shall ba app~~ed by such Recai.er accurd~ng to the t~en or equity of sa:d MORTGAGEE and fhe p~achce of such
Gourt.
8. To d~'y, promp~;y and iui+y perlorm. d~scharge, exec~te, effect, complere, compfy v~r~th and ab~de by eacn and ever~ the stipuiations, agreements,
condit~ons and covenants ~n sa~d prom:ssory note and th;s mcrtga~e se~ forth. '
9. That in the event shc o_:r.,rsh'p of she mor!gaged pr~n•,ses, e• a~iy prrt the.POf, Hp~omes vested in a oerson other than the MORTGAGOR, the
IAORTGAG~E, its wccessors ard ais~gns, rnay, without no+::e to the h'ORTGAOR, dea! w~!h such wccessor or successor in ~nterest with re(ere«ce to th~s
mo~fgage ar.d the deof h~reby secured in the same manner as w~:h ,;`.;;rt~a~or v~r;thout in any way vi!!ating or d:scharo~ng the /.tortyaoori liabi~ity here-
unde~ or upen the d~~bt nr~ebr sec~~rd. No sa!e ot the Fre:n~s~s h~reby n~.c~tgay~d a:,d no fo~bearan~e on the part oi the /,1GRTGAGEE o~ its s~ccessors
or ass~gns ard no exrers:o~ o' rhe }:m2 {c~ the oayn:er» oi the debt h~reU~ secwed 4iven 6y the MORTG~+G.E or its successors or ass:gns, a~~al{ operate
lo re+ease, d:scharge, modify ~fiange or atfrct the orig~na's I~ao:l:ty of ~he A',CFTGAGOR herein, either in whole or in part.
10. 11 is SPCUj~C?ily agreed rhat .r~~ne is of rhe essence of thfs contr~d ard that no wai•_er of a~y ob~igar~on hereunder or of the obligation so-
cured hereby sfial~ at any t~•„e tnereafter be hcid !o be a wa~ver of rhe terms hereaf or of the c:ssrvmenf sewred herby.
11. !n ~;i~i to tFae fo:G-gC ~;g ~nori!h`y p~~~~r~en~z of pnr~ ~.ai and int~r~~s! ~eau,~ed by the p~o~n SiGry ~o'e s::~red herz'b~, mertgagor tov?ndnfi
and agrees To paY to r~o•t^yay~e .~~th each :~onth'y pa~~ e~~t an ad:i rror,al sum rs!•:~ ated b~ mort~agee to be ey~ai to 1 12 of ti:e annual cost of the foiiow-
ing:
r`~-rr' reai ~,~uµer~y rv..a Ir~,~_.. ~r oa~_oe_.. ~y.:.
B--Pr~~~~.~~ ;,s on fi~e a~~d wir.dsrorm ~nsura~~.ce as nerei:i roq~~,red to be ca:ric~d e~ the :mproveme~ts it~ate on th~~ above d_sviL-ed p~emises.
C-Vre•-i,;~rs o~ svch morr~;ge yua~3nty irsu~ar te as ~rcr:gag•~e sh3;; 'r;:.~• t ~:~e eo nme deem ft to earry on th^ loan secured hereby.
blortgagre s~a ' E•om h ~e to ~~n,e no;~f; mr•r~;,gor ~n v.r~t:«~ of the an ou~t d~e and payaole hereund~~r and s:xh surn sfialt tnereupon be due and
F:.~yeb!e on the GJB cia+e oi th~ r••_.t mpnth.y p3~~n~nt a^,d each s.:ccess~~e n.o•~tn :*:en_af!~r u-.tii rcortgagee shaEi not:fy mor;gagor of a change in Su[h
a-.e~nt. Such su,rs sha' ~~e aF~;.!~~~d by mertgag:_e ~oha~d the pay~r.enr of r~~a; p:eperty taxes, insuraoct pre:n.ums, and mort~age gvaranty insurence
prQ~r.i~ms.
_ IN t'JITrlESS V:HEREOF, she sa~d '.10RTGAGCR hzs hereunto set his ha~.d and seai the day and year first aforesaid,
S ned, Seated and delivered in the prese~ce of: i ~
.
- ~ ~ -T.% ~ic? . ($ea!)
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f------ - ud i t h D. Ha ye a (seal)
I SiATE OF fIORIDA ~
i COUNTY OF St ' LilC 2t~ u
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Before me persona!!y appeared R 1 Ch~.T d A lan Eiaye s and
~ •
~ ~ J u d i t h Ha ye s _ h~: wife, to me well known and ~nown to me to be
~ the individuals described in and who executed the foregoing instrumeN, a.~d acknowledged before me that fhey executed the same foi the purposes
~ ~herein expressed. And the said .~UC~ith_ D, f{~1 'e5 ~~~~N~~"~''••.. :
. ~ , ~
,nile of fhc sa~d _ R~hard Alan }I~S~LS _,~_',~.~,~~~y~ P~;~are
! exam nat~on by n-~e taKen separate and apart from her sa~d husband, atknowledged to and before me that she execvt~d~s~itJ instrume~l' r ;and volun-
{ tar+;y and w:rho~t any (pT.NL~LOn, constraint, aFprehens.on, or fear of or from her said husband.
f ~ ~ ~ 1 ~ . ~ .
j Y11TNE55 my hand and offfua( seal this_~_sL~L_~ _ day or Dece:nber. ~ D. 79 72
~ ~ _ L
~ Norary Pubiic in and (ortl~Sra ~f ~ojjde al.1~ e
My Comm~ssion expires: , ~ '
Return To: ~J~1~, ~
First Federal Savings d toan Assouat;on V~'~~~~~~ K uRQE
MY C0?!!'tSStGr EXPiRE~ SEPT. 25, 1915
Or :,,r v:,c.~ Bonded By American E~ankErs Insurance Co.
Fa„ v~_•rce, F:c,~d~
, f~~o,Wa 4ECO~oeo
! `
This Instrument Prepared By R ichard K. I(ayes ST.Lt3ClE C~UMIY fL1r-
First Federa! Savings & Loan Association ROCE~ TAAs
of Fort Pierce, F loz ~ da p~CO~ER yEp^~ ~oURT
~ Checked Bv ~ 4a 1 il ~7~
~ BOOK U~ P„CE z~ `~'~..351.~
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