HomeMy WebLinkAbout3410 3. To p•.~ce .,~:d :ont~iwe~s`y liep cn tne u~~ .i.~•3s ~w.v or herasiter ~~ivafe on s~ d land and on aC eq.,:p:nant and perion~liy cove~ed by th~s m.or~g-
age, w!th a:l pre~~;w^.s th.:reon d~n f~:i, f.re ir.s..~~~,cc In i1~~ ~soai stendarJ ~,o:~ty iurm. in a s::~» a~.prcv~d bt th: ;11UR.v:.V:E. a~~.d M'~'~:~SW~~11
;nsurance in ihe us~at s•a,J.,.d F~ cV forn,, in a sv~» app:c.rd the IAJRTGAGEE, such co.+,pan~ or COmi~an~es as H~C ~.~021C;AG[E ma~
d+rect; a:~d aU i:~p ard ,v;ndar~r~•~ ~~~s~~a~ce po!~c~es on any of sa~d 'ou~~d:ngs, any interest thrrzin o~ part thrr<of, in the a~gr. g,~e s.,•~~ afores.i:d or
in excrss thr~<of, s'~ali cont.,,n ~ha ~sv~l sra~~J,~d ii~es~g~9re uause o~ such ofher c?.+use as ~he Matyagae may req~~re, ma?~~~g the ~ess und~•~ s.+•d po~i-
c~es, each er.d ev~~r,r. pa,a~:e to sa:d ?11~JRf~;AGtE os ~n ~~~~cr~st ~.,ay e~>p~ar, ,~,d cach ,nd e~c~y i~ch po~~:y :hal~ oe pro~,p~~y assy~~~d e„d da:...•,.:d to
any held by s3:d 1.10RI,^,AGEE as f~-rn~r s_cvr~ty ro sa:d n ortga3e i~~ot. a~~d, ~~ot lese tFan ren (10) ~'a~s in adv~ncv of thr esp~~anon of e,ch po:.ry, ~o dr-
Gve~ to sa[d h10RfGAGEE a ~e~~ev.al thc~ref, ~ege~he~ ~nith a rete~p~ for the prrn,ium of such renr~si: and tY~rre sha!1 br no f.~e ur .r~~~ds+o•~n ~r,s~~ance
piaced on any of sa~d b~rd~n9s, any intcrest the~e:n w part therrcf, un;ess in ~he ionn and w~+h the ~oss payab:e as a4ores~~d; and i~. the e~en1 any s~m
af money brco.,:ey pny~b~r undrr s~ch po:~cy oi poLc~es s3~J h10RTGAGEE sh.,t} h_~:c r.._ ^ -•_•1• ...~•i a~~~v ti~a sa~nu on account o( thr u~.i~~::~~~d-
ness secwcd her,:by or ~o permn sa:d ~.10RTGAGORS ro rec~•ivr ar:d ~ae it or ~nY P.i~t ~he•~of •~c~• o~~~..~ i.~r, _:~a. .:.~~,,.t ih
~ng any eq~ t~, i.en or r~yh~ ur.der or ~y virwe o+ rhtti n~o•~gage; and in the event sa d h1~RTGAGORS sh:,!I !or any r~ason fa~l to keep the sa~d pr~~„.s ~a so
insured, or fe~I ro drl~ver pro~nplly any ot said pol~e~es of ~neurance to sa!d MORTGAGEE, or 1ar pro~npt~y te pay fu.ty any , re+:~~.~m therefer or in a~~~y
respect (ail to perlo~m, d~zcharge, exrcutr, effeU, con~p rt~~, co•nply w~th and abide hy thls covenan~, or any parf h~reof, sa~d /hGRIGAGEE n.ay p,ac< a~o
pay for such ~nsur.+nce or any part rh~reof w~~hou~ wa~ving or affeding any op'~en, lien, eyu~ty, or n;;hi u~~der or bf ~;~we of fh~s Alortga9e, and thc
+~!1 amount af each and e~ery wch paymrm shalt br ,mmcu~ateiy d~e and payable and shall brar inrcrist from thr data thcreof ~niil p.,id at thr ra~e oi
~~~r~e per temi~m prr ar.o~~n a~~d to~_~h~r ~.rth wcn k~~~. •rnr sh.~~~ :~e s,c~:r~d by the Gen of thh mo~tgage.
4. To petmit, commit or wEter no waste, impair:nenl Or deter~orat~on of saio property O~ any p~rt thereof.
5. io pay all ar.d sinq~'ar ~he cos~s, charges and expenses, ~ncludu~g a reasonab!e a~rorney's fee and cos+s of abst~acts of tit!e, incuned or Nn~~ at
eny t~n.< by s~~d ASOR~GAG~E, trecau3e cr In the eve~v of the fa.:ure on tne ps~t of ~he said h~JKil,A1sVK to d,.~y, pro.+~p~iy ond tu~~y p~rlorm, d~s~~~~.jsge.
.cc~te, ef4tc~, toinp;ete, ca~.H!y wuh and ab de by ea:h and rvery the stip~lat~ons, agrrrm~~nts, cond~!~ons, and covenants of sa~d p:o+n~sso~y note a~-J th~~
r,ortgage any or e~the~, ar.d sa d cosrs, chaigts and expenses, each and every, shall bz imaird~ately due and payab:r; wh<•rher or not there be non:e cl~>
^~and, attempt ro co::ect or suit pend~ng; and the ful! amou~~t of each and every svch paymrm shall bea~ inrrrest fran ihe date thereot unti{ pa~d at the
- o~ ~;,na per c~•nt;,~n per a:~c ail sa~d cosis, ch~rgcs a~~d c~;:~~:s~s ~ncurred or paid, to~rthrr wuh s~ch interes~, shall be secured by the t~en of tha
mortgage.
b. Tha~ ~a1 in the evert of any breach of thia Mortgage or def;uft on tfN pari of thr .tORTG.lGOR, or ;b) in the event any of sa'd sums of money
herein referred +o be not pro~npriy and fully pa~d witi~~n th.rty t30; dais next a~t•~r the sa~ne severa.iy beco•~ie due and y~ayabte, without demand o~ nonce,
cr ,cy in the e+ent each and evrry the st~p~;ai~o~s, agrer~nenrs, co~~d~r~o~~s and covenanr: of sa d prat~.ssory nota and fh~s n,o~tgage any o~ ei~her a.e not
luly, provnptiy and iu~iy pe~for~~~ed, d scharg:d, rRec~red, effe:~ed, complered, comp~~ed v.:th and ab~d~•ci 5y, then in e,ther or any wch evem the sa:d ag
~regare aum mem~oned in sa~d prom~ssory ncTe then re~.~a~n~ng unpa~d, w~th inierr,t accr~~d, and a.E mone~s secured hereby, shali become d.,e and pay-
abe forth,vith, or +hereafrer, at the ept~on oS sa~d h10RSGAGEE, as fuiiy and comN;erely as ii ali of ~he i~~d svms of money were o~~g~na~ly sc,p~;arcd
tc be pa•d on such day, an;thln3 in ss d pro~r:~ssory note or in this hlortgage ~o the con+raiy nairi~hsta~:d~ny; and thr~eupon or thrreatter at the op~~o~i of
s~.d MORTGAGEE, ~n~thout no~-c~ o~ demand, su:t at law or in equ~ty, thrrefore or therrafter beyun, may be urosecuted as if all mo~eys setured hereby
~natured pnor to :1S insnt~'~on.
7. That in the event rh~t ar ine beg~mm~g of or at any time pend~ng any su~t ~po~ th~s Mo~rgage, o~ to foreclose it, or to reform it, ar fo enforce
; a,ment of any ci,,~ms t+e~e~~ d~r, sa~d /'dORTGAGEE sha~l appiy to the Co~rt hav~r.g ~~r;d.ct:on thereot for the aF'Po~nt~neM of a Receiver, such Court shaii
r~.thw+th a;.po~nt a rece~ver of said ~r:ortgagcK! property aIl and sing~tar, i~ciud ng alt a~,d i~~~gu!a~ tha ir.come, prof~ts, ~ssues and revenues from wh,,tever
s, ~r.ce driived. each a~d every of wh ch, rt be~ng express y understood, is h:er~by mor!gaged as ~f spec.f~ca!!y set fo~th aod descnbad fn the g.a~ting ar.d
h.r.,end~m ciavses hereof, and s~ch Recelver shal~ have al1 ~he br„ad and eifecnve funu.c~:s and pev.ers m anyw~se entiusred by a Court ro a Recciver, a~-~d
s.h appointme~~t snalt be mode by svch Cc~~t as an adnitted eq~~ty and a ma~ter of a:.sc~.rte r~yht to sa~d kIORTGAGEE, and v~~thcut referente ~o the
n i,auscy or inadeqvacy of thc vaiue of the prope~ty mortgaged or to the sovc~xy er ,rsc;.encr of se~d ~dORiGAvOR or the defenda•~ts, and th;t such
r~: •s, profrts, income, iswes and rever.ues shaii br appt~ed by such Recrrver accord,~:g to the I:en or aq~ity of said AtJRiGAGEE and the pracnce of wch
Court.
B. To duly, Fro~pt"y and fully perfo~m, d~scha.ge, exen~re, effECt. complete, comply wnh and abide by each and every the s!~puiations, agreements,
.~nditions and co+e~~an:s ~n sa~d prom:sscry ncre a~~d ihs n,ortgage s~•t forth.
9. That in the event the ownersh;p of the mortgaged prem~s?s, o. any p.vt thereof, becomes vested in a person other than the MORTGAGOR, the
: ~RTG~IGEE, its su:cessors and ass:gr.z: may, wiihout not;tc to tfie :".ORIG~~R, dea. w~th s~ch s~ccessor or wccessor in ~nferest w~lh reference to th~s
~ fgage a~ d tne deb~ her¢by sewred fn the same manr.er as wiih 4ROrt3ago~ •+v~thput in any way vit:at~ng or d~scharging the /dortgagori liabildy here-
Jer o~ uF~on the debt hereo~ sec~~_d. ~io sa'e oi the Fre~*: ses h_~rb; mo~lgJgBd and no farbearance on the part of ~he 1~40RiGAGEE er its wccesso~s
ass~gns and no exters~on ut rhe for rhe payme~~t of the debi h^~e~ry secured g~ven by the fAORTGAGEE o. its successo~s or ass:gns, a~~ail operate
ro re•ease, d~scharge, m~id~fy char.ge or aftect the or;g,na! Ga~:..r~ of Ine MORTGAGOR he~ein, e~~her in whole or in part.
10. ~s spec~r~:ally agreed that time is of the esse~;e uf thls contract a~~d that no waiver oi any obl gat~on hereunder or of the ob!igation se-
cored hereby sha!t at an~ tin:e ihereaher be heid to be a wd~.er of the terms hereof or of the instr~mem secwed herby.
I 1. Ir. „u:i t c:i t~ eh_ foregc •.7 mon!h!y ~~ay~n_nts of prc c pal and inferesr requ~rrd by the prom sscry no~c se.ured hereb~, mo~tgagor eovenants
.i a3r~es ro pay ro~.•.crn~agee a.~rh rach n,cmh;y par~, enr an aud,:~ona! wm ~•s~ -:efed b~ mo:tyegee to be eyuai ~0 1, i2 of tne ann~al cosr of the foliox-
~i A--A!f .Ea~ }.roperty taxas le.:~.c'. o~ a;s~-ss_~ti .+^yai~;st tt,~~ aE~ove d~~sc~~bid r~:at estate.
f B Fr,•~ ~s en f.~e and wi~dstorm insurarce az he~e~n r,q~red to be carr~~~d r~ the :mprovements s~tuate on the ak»ve d_sc~~bed prem~ses.
i
C-Pr_~~ s e~ scch n~o•t~rge 9J2f3.^.ty n.w~a~.ce as ~~c•rga~ee sha:l !ro~r Yrre to t~:r.~ dcem fit ro carry on the loan secured hereby.
~ ldor!~agee s~, : f•c:m t~c,_~ to t,ne r.c~~f~ ne•ty.;gor ~n v.r~!,~~g of the a:-ov~t dae and payable hereund~•r end such su~~ sha;i tFrreuF:on be d~e and
~ ..,~b?e o~ u~~- cf,r v-,•~~ of rF.> cext m.cntF,./ oayn,e:~t a: d escn tcctessive :co•:th tnereaft~r ~r.tii mortgsgee sFaH not:ty mortga~or of a change in such
i .~~u~t.- Such su:ns s~ +~i be a;..p~:~d i~y inorty3 j~.e ~to~,ard the Fa~ment of reai property taxes, ins~rante p~em.~ms, a~nd morTgage qua~anty insurance
. ~rrniums.
~ IN \V!T~lEJS '::HEREOF, rhe s d 1~VCRTGA'vOR has hereunto set his hand and seal the day and y. r first aforesald.
~ ~ ne~ Sea?~ an de'iv~ the presente of:
~
~ - _ (Seaq
~ ~ ..i (Seaq
~ - - ? (5ea1)
~ - - ~ _(Seaq
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~
~ $iA7E OF FLORIDA ~
u.
~ St Lucie
~JUNTY OF • ~
~ Before me personai:y appeared GQ17Q A. Krueger and
' Gari DelA Krl1@q@I h~s w~fe, to me well known and knovvn to me to be
~ rha ind~vidua?s descnb_d in and who executed the foregoing instrument, and acknow~edged before me ihat they e~eecuted the same for the purposes
~hcrein expressed. Ar.d the said-- G8I1 ~2f1 Kruec~er
Gene A Krue er
~ ::.fe of the said • 9 upon a separate and private
_ c•am nat;on 6y me takan separate a~d apart from her sa~d husband, acknow~edged to and before me that she executed said instr~ment iree~y ar.d volun-
~ ~r~(y and w:~hout any compu's~on, constramt, apprehens:on, o~ar of or from her said husband.
- W17NES5 my hand and offic;al seal this_ _LS _ day of ~C~ QY _ A. 0. 19 72
u~ ' _ - "
:a _ i _ Gf i ~i"-
Notary Pu in and for the/~ tate of Florida at large
~ My Com ssion expires: ~/tt~ / J` 7 S'
Return To:
Fint Federal Savir,gs 6 loan Associat.on
~ ~ Fort P : -c, . .
' O
2j Fo~t P~erce, ficr~~s - . - FILEO AMQ RECOROEC
ST. WCIE COUMTY F~A. ~
?`j _ - f~- • : . ROCER PQItAAS ~
; - • ~ • ' , RE ORU VERi~
IEO COU~~
- This Instrument Prepared By J. H. Robe7CBs~ 'JY:.
First Federal Savings 8~ loan Association ~ ~,8 3 se PM ~~Z
of Fort Pierces Flor ida
; : ` .C, =
w-;~ Checked By r ~ ~ .
~ 243892
gooK 2U9 445
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