HomeMy WebLinkAbout3276 3. To p:a:c a~d cc~n~n~:c~s.y k~cp o~~ ih~~ L,~ ,s~~,~s nu.v or herrafrrr i~r~ite on i,,:d !and a.~d on at .~q,;i•:n.~nt ar.d ~E{iOn311y CJ.r~2C~ ~y Ih~i mor~g-
ege, w:ih all pr..•n,;~:ns thrrron ~„d ,n fuii, f~rc ins,:~ancr ~n tne ~Sual s~an~ard po;~ty fo~m, ii~ a Su~n arprcied by the f:~JK~C.a:'v[[, a~.d v.~~~dsto~m
~nsuran:r in thr usual S'ar.uord ~oi cy fo~m, in a sum app.u~ed by lht A10RT(;AGEE, in tu[h tomp~ny or cempan~es 3s tf~e AtORIvAGFE may
d~recr; ar,~ ~;1 f~re a~~~ ~n,ndaro~c, ;nsu~ance po~:c~es on any of ea~t~ bvifj~nga, any ~nteresf ~hrr~in or part ~he:cof, ;n the ag~~~gate s„~n aforesa~d ar
i~ eacess ~h<~rNC,f, sha:l :cnt u:~ me ~s:,ji star.~a~d morry,gee c~a~ar o. s~ch orher dause aa ~ha hlorryaqee may reqv,re, ma1,6,g u,a ;o~s ~~~der s~~d poli-
ces, each and c.ery, pa,,;: r ro s~:d htJRTGAGEE as ~n lmer~~sr n~ay ap;,ear, and each and e~~-~y s~ch po~.cy shall t~e p~umptly assg~~rq a~~d de~~.ar~d ro
any h~id by s~id AtQR'..aG~F ae funha~ secur~ty ro so~d n.origage dabt, and, not ia;s ~ha~ ~en (101 diys in ad.ance oi ~he _,.pl~a~~a~ 01 csch po`.,y, to de-
I;~er to s~~d P.IJRTGAG~E a renewei thrrrot, toge~i~ar wiih a rece~pt for ihz pren,~um oi such re~i~wai; and ~hcre st.aif be ~w f~re or w~„~s~~:~n i-~swence
p+sced on any of s.~~d bu~:d,~~gs. any imarest thera~n or pa~t thereof, un;ess in the form and w+th the Icss payaolp as afo~esa~d; and in the e.ent any s~m
of n,onay beco:,:es p~ro~:~• ~ndrr s;:ch Not~cy or poLc~rs s.~ad ~dORiGAGEE shalt have ~he uF:t~un ro rrcr~vr a~~d appty the aa ne on accou:a of fhe inJ._:,t.~d-
n~~ss sec~r~d he~aby or to p~~im~r sa d ~AORTGAuORS ro receive ar,d usN it or si,y N4rt ~l~t~:.,nf to: . r p,,.: ~~~•s. ~..;i~,,,r :h... ; r
Iny eny eqv~ry, I:en or r~~hr under or by virfue of th~s ~>>orcgage; ar.d in the evem :a,d MOBIGAGORS sha11 4or any reasun fa~l to krrp the sa;d prc~,~is ~s so
insured, or feii t0 da ~ver pr~:nptly any of s~id ppi.cies of fnsuran~e to sa:d MORTGAGEE, c~ tail ptornp!iy to F•ay fv~!y any iu~• n~~~n thtrr~o~ o~ in ~ny
rrspett fai) to pe~form, d s:ha~•ae, cxc:ut~, effecl, comykere, co:nply wi~h and ab~de by thl= covenant, or any pest h_rrof, sa~d h1vRi„AGEE inay piac~- ~ o
p~~ fo~ wch ins~r..nce or any part thrraof w~~hout waiving ot atfecting any opnon, I~en, equrty, or nght cnder or b~ v~n~e of tnis htor~y,ye, end thE
~UII anwunt oi each a-~d e~ery s.;ch payrnrnt shal! be rmmed;a~ely due and payable and shail brar interrat frorn the datr th~rcof u~~~il p.,~d ai thr ra~e ol
~~~~~e per crnt~m per annu.•. ~~,ci ro:~~•tn~r wrth such inte cs~ sha~~ :~e s'c~rrd by the Ifen Of this mortgagc.
4. To permit, commit or su'fer r.o waste, impaicment or d_wrrrorat;ai of sa~d pro~,erty or any part theraof.
5. To pay all and singu~a~ rhe cos~s, ctiarges and exper,ses, ~nduding a reasonable at~orney"a fee and costs of absnacts oi t~Ne, incurred or pa,d ar
,~,1 ri~re by sa~d MORIGAG:E, because o~ in ~he event of the fa:lurz on ~he part of the said MORTGAGOR to d.,:y, pro~npely and f~'iy pe~lorrn, d~scharge
:.~cvre, effect, con,p!ete, con.~,ly w~rh and ab:de by each and every the stipv!at~ens, agreemenrs, conditions, and cevenanrs of sa~d promissory ~o~e and th~s
•~orrgage any or either, and sa d costs, charges and eapenses, each and ev~~y, shaN be immrd~ately due and payab:e; wherher o+ not thare br nence d~
~~.~:d, attrrnpt to collect or s~~t pend~ng, and fhe tull a~nouM of each and every svch payment shoi~ bea~ int,;cetr from ihe daie ~hereof ~n~il pa~d at the
~ o` ~~~ne per cen,,,m F ar ~m ,.~c ai~ sa~d CGStS, Ch3'9~s a•~d ex:,anses ~~KUrred or Naid, togrshar wnh s~ch ~n~e~est, st~ati be sacured by the 4rn of th~s
n;or rgage.
6. That (a) in the eveM of any breach of th~s Morrgage or defau:t on the part oi the MORTGAGOR, or ;6) in the event any..of sa:d svms of mo~ey
`•~:eln ~eterred to be no~ pro;~~Ha~„ and futly paid w~ti~~n th:rty i30) days.next a;te. the same se.era:ly becane due and payabte, w~tl~u~t de~na•~d or nonce,
, r;cj in the r:ent ~ach ar.d every the Stipu'ations, agreeme~us, tond~nons and to~enan!s ot sa d pra»~ssory note and tha mortgage any o~ e~~~~er are not
j~.y, pron,ptiy and fu:iy perfcrn:~J, d s,nerged, exxured, e~fe~ted, comF~eted, compl~ed w~th and ab~ded 5y, then in e~ther or any su:h event the sa:d ag
egata wm manuoned in sa~d pro«~~ssory note thrn remaining unpa;d, wrth ~nrerest accrued, and a:! moneys secvred hereby, st.alt becomr due and pay
a:~.c torth~v~rh, or ~herea4te~, at the cpnon of sa~d MORiGAGEE, as fufiy and completely as if aif of ~f,r sa~d wms o'r money wer~ o~.g~na~ly s~ p~.ared
'e, be L'd.~ on wch dc:y, anything ,n ssd pro:n~ssory note or in this Mortgage to ~he cont~ary ~ioi~wrtF.sta~~d~ng; and thrreupon o~ thrreafter at the op~~an o}
>~._i f1pRTGAGEF, wirnuuf not,te or dernand, suit at taw o~ in equrty, therefore or IhereaSter beg~n, may be prosecuted as if all moneys secured hareby
* d ir~arured }~~~or to as inst~tut~on.
7. Th;r in the event rl,at at the beginn~ng of or at any t~me pending any su~t up:.n th~s Murtgage. or to foreclose it, or to ?eform it, or to enforce
,.+~ment of any ila6ns herevndar, sa+d A10RIGt1GFf shai; apply ta the Court having ~urad.c~~on thereoE tor the appo~ntment of a Receiver, such Co~r~ shail
!.•tnv.rth ap{:o~nt a rece~ver of sa~d mortgaged property a!i and sing~,ar, incfvd:~.g ai~ and s~~~yula~ the ~ncome, prof~ts, issues and ~evenues from ,Nhate~er
sc,rce derived, eech ar.d eve~y of wh.ch, ~t ~~ng expressly understood, h hereby mo~tgagrd as ~f spec~f~cally set forth and desenbed in the granhng and
~bendum c!auses hereof, and such Recei~er shall have aIl the broad and effectwe funu.ons and powers in anywise entrvsted by a Court to a Rec~~i~er, and
s.;h 3ppOintm~nS sha~l be rnade by such Co~rt as an ad:nitred equ~ty and a matter oi abso~ute right to said MORTGAGEE, and wi~hou~ ~eference to ~1~e
e,:.you~ty o. inadequacy Of ihe valve of the p~Opeity mO:tgaged Or /0 the so..r~cy or ;r.solvency of Said NtORiGAGOR or the defenda~~t3, anr! th~t suth
~~s. prof~ts, income, issves and revenues sha{I ~ app~~ed by such Receiver aaord,ng ~o fhe i~rn or equity of sa:d MORTGAGEE and the pracnce of s~ch
CoUfl.
B. To du'y, promptb~ and fully perform, d7scharge, execure, effect, complete, comp;y wirh and abide by each and every the st~pulstions, agreen:ents,
~nd+tions and covenants ~n sa:d promissory note and this mortgage set torth.
9. Thas in t!:e e.ent !tie otivrt>r5h~p of tha mortgaged pre~r.~ses: or any part thereof, becomes vested in a penon othe~ lhan the ti10R~GAGt7R, the
'.:'~2TGAGEE, its successora ar.d assigns, may, without notice to rhe AtORTGAOR, deai wrth wch suctessor or s~ccessor in interest with reirrence to 1h~s -
~ rgage and ~ne d_ot hereby secured in the same manner as v~ith ldorigagor w~thout in any way viuating or d~scharg~r~g the Mor~yagors' liab~l~ty here-
._ier or uHo~ the de5~ hereb~ sec~~~ed. ~!o sa'e of the Fre~r.nes he:eby mortgaged and no forbearance en the pan of the ?dORTGAGEE or its successors
ass~gns a,~d no e,eters~on ~f :he t~me for the paymem of the debr h~reby sewred given by the 1l,ORTGAGfE or its successors or ass:gns, aliail ope~ate
.o re~ease, d~scharge, mod~fy char,ge or affect the original I~ao:iay ot ~he MORTGAGOR here~n, e~thrr in whole or in part.
10. It is speuficaty ;g.eed that time is of the essence of thls co~tract and that no waiver oi any obilga~~on hereunder or of t6e obtigation sr
__•ed hereby sha:'t ar any trr;e ehe.eafter be he!d ro be a N'd7Y2~ o~ ~he terms hereot or of the instrumem sewred he~by_
Il. In _d•±*.~n To nc~ tureg~„g mpnth!y Yay~~~_nts of p:~~cpal and in.e~.st requ~~ed by the prom:ssory no!e secu.ad herrb~. rna-tga~or covenanrs
d agrees ro ;;,,y ~o n:ortyayee .•.~rh each m~nih;y pay~oenr an ;dd:r~onaf s~m esnr.~a~ea by mor~~agee to be equai ~0 1. 12 of the ann~a! cos~ of the iot{ow-
~ r__i.l~ i.a~ F.~~~~:~ly ~~tci ,e.._.~. L. JS.L~._.~. .3y:':5. .~.C .l.,...~L_.i -al .oSe~rn
. .
6 F~_•~ •,,-ns on flrr and vr~ndsro~m ~r.w~a.,ce as ne~e~n req~~red to be car.~~d or, the imp.oveme~ts si~~ate on th: above desa~bed prem~;~s.
G-Pr~ ~.~n.s un s~ch n•.urt~,ae guarar.ty ir.surar ce as mo•tgegee sha l frc ~ t r,e to t~me deem fit to carry on Yr.e loan sec~rod hrreby.
Mortgag:,e s~ >'i !~a~n t;•:,r ro f. ~:e no~~fy mortya~cr ~n ~.rSt~ng of the a~r,a ~t due and paya6~e he~eundrr and such su-n s1~aN th~~rcvpon be due a:id
..~b!r on th~- d,~r .:,!e ot ~he nr.~ ~no~th:y pay~.~ent nnd each suc:essive ~'.or.:h therea4t;r u~.+i~ mor.gagee she!I not,fy mort~agor of a change in Such
~ >~nt. S~ch s.. ns s~n i t;c apF:,ied bV m,prt9~y~e tc:+ard the pa~meni of teal property taxes, inwrantil prem,ums, a,.d mortyage guaraniy inwrance
r•,~.wms.
tN \VITr~ESS ~.•:HEREOF the said MO~CTGAGOR has her?unto set his hand and seal the day an~year firsl aforesaid.
j - Signed, Sea!ed and deiivered in the presence of: ~ , / • '
~ ~ i -5 ~ C N~
ci Robert E Andprcon, tseaq
~ ~ ~'"~s~-~ a single adult~~a~~
t , - -
-lseap
; ST=,iE OF fLORIDA ~
$L• Ll1Cle S5.
' ....:':TY OF - ~
= eefore me perso~a;ly appeared ~ RObeYL E• Anderson, a single~adult • ~
l -
` - l~Q~to me well known and known to me to be
m_ ind:vidua'~l descnbed in and who executed t6e foregoing inshumem, and acknowtedged befort me that ther executed the same !or !h4 purposes
thtrzin exp~cssed. /M~Kbe~~ii----- - _ _ -
_ ~I1;~'I .~b
j •.~i~f~t~~ti~a..,- -
a:~wai~ora6y~rae.?+wen~ara~a.+n~rra~tl~ow~.h~~.s~iJJr~ai~w+d.~Niww,~led9c~~~w~.t~(~s~wwlhaF~~~ew~~'aiici.'~e~ ' n-
:~c+~.tnd.+uil~ut ~ry~~p.,iar~ ~~rwwf.ti. ~PPR~~w~K•4~au ~f.w~f.ow~~~swd lanbe+~r . ~
~ Dece~ber ~~o - ~ ` ' ~
f WIitJE55 my hand and officiat seal this_,~,, _ day of'" ~ A. D~19
: ~ _ =
tary P~blic in and for Sta~ florida at~.ar~
/ ~ Gommission expir
Return to: " _ / ~ ~ ,
: -
~ First Federa! S~vings 6 toan Assodat,or. • -
Of Fcrt P ~ , ~ ~ ^ • `
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_ Forr P;e:ce F~_ri,i3 f LE01~M~ RECOtIOF~
i~.~{iCfE GO~JNTI` FIA. ~
OCEn ?u1TRAS
CIEP.K C~kCU1T COI1Rt v
- This Instrument Pre ared B RECOAC VFP.~FlED
P Y John W. Collins
First Federal Savings & Loan Association ~,5 3 4a PN
- of Fort Pierce~ F1oYida
Checked By 2~3815
~
;
; ~ 30~K ~O~ ?'AGE ~ ! ~
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