HomeMy WebLinkAbout0112 J. Ta p;ace and co.,r~~•::::s', kerp on ~tie b~: d,ngs nor or h.a~r.,frr~ a•fu~re o•• se~d ta~d and on a'~ eqv:pmrn: .,,:d perrona;ty covrrcd by ~h~i mweg-
~ge, w:tA •4 prem,ums thr~cw~ :a d ~n 1ui1, ~oz ins~ra~~ca ~n tha ~s•.at ara:d~=d pa ~tY fo~~n. ~n a s~,m epwa.cd by ~hr A!OR:v.:vtE. •~~d w•r.dsr~~m
~ns~ranct in ~h~ ~s~ai s+~,~d~rd Fo:.cy !w:n. in a su:n a~p~o.cd t~y the 1~JRTGAGEE. in wch co:npany or co~*pa.~.as •s t+~ S+02iGAGEf may
d.racr: and ei! fire and w:-./sro~m ~nsur~ncyr pof,c,rs r.~ any of sa~d bu, d.ngs. a~+y in~erest rl~~r~n a~ pr.l ~hr.~rof, i~ti tM vg~~ry..~e s~•n afo~eso~d c~
_ in excra~ th,.•~eGi, s!,ati cont,.:n ihr ~suil s~a•:daad morr~.i9ze c~a~se o~ s~ch c~hr~ Ne~se aa the b~r:pig~ may ~rq~.re, mal:ng ~:K ,,;is .,~~Jrr d pol~
t~es, aach and r.er~, pa,ab e fo sa~d ~~WRTGAGfE as .n ~~~rrest rt:sy sµy~•ar, a:xl each a+:d e~e•y sur?e Ho:.t/ s?.r:! Ge F•rwr.p~:y assgn..•d o~ d da:..~~.:d ro
•r.y he;d bv sa~d 7'0~~:,:+GtE +s funt~ar s:,~i~~Y ro sa•d r~~:i~,~r dro+, a.:d, Ro: t.ss ~Ia~ ~cn (ip~ d~ys ~n ad.a~.cr oi !R: eaµ~r,n:~n o4 rrch ~,o,.cy. to dr-
~~ve~ to s.+id hIORTGAGE~ a ~rr.evcai ~h~rrof, ~~gNhrr v~~th rrce~pt for thr pra~nwm oi svch r~•nr~na+; a~~d tt~c~e ah~:l iue no f.rt a. ~a.:~.~,~c':r. nuuro~~ir
p~atrd on any o! sa:d b~~~!d.•~gs, eny interes~ thcrs~n or pa~t ti~eraof, ~n'css ~n ehe form arw: w~Th th~ loss pa~ab:e as a~cresa~d; and ~n the e.e~~t any s~m
of money brcanrs p~y..b!c ~nder s~ch poi~<y w pot•c~rs so~d MORTGAG~E s?.~U have eha oyr~oo to rec~~~ve ~nd a en~ se•nr on a:;ov~~t o! tha :ud~•L~.rd•
ness se:urrd ir:re~ to ' P~,'r
y p;rm~t sLd MORTGA~2S to recrwC and use it p ~n~ part rhr~raf tor c:n: r pur; ~a: s, c.~~nr.t tn a_... .;r r a..~r•
~ng any eq~,ty, L~n or r~~4~z undrr by wn~e of th~s nzc^yage; ar.d m~hr r+~n~ sa ti MOw`i(;AGORS sh~!I ',a any reason fail ro krrp ~hr aa~d p~r~»a ~s so
i.,su~cd, or fa~l t~ de':ve+ pro•~~pfly any of sa~~ ~~pi<<i~s o( ~nsu•.i^ee ~o si d MOR(GAGEE, o~ t~~i p~ornpr~y to pay fu::y any p~e~n~,,•r~ ihe~a4ur o~ ~n
refpect !ai! ~o pe~iorm, d•s:h:,r9z, eacwtr, effect, ca~~pirte, co::~ply with ai~d a5~de by th~s covrnarif, p~ any Fir~ h~reof, sa~d MGRTGI+G[E may p~ace a~o
p.~y f~~ svcA inaur?nce or any , an ~!.e~eof 1N~1~ICVI waiving w afiea;nq any op~~on, iien, e.;u~ty, or n~ht u~d.H w bt ~~~t„e of ~h:s !Llo.rg.~gr, and ~hc
~v!1 a»>w~t of ea~h a+Kf e~rry suc~ paymrnr sha:! be ,mrnediarriy due a+td p.+ya~1e a,:J she:l bra. intrr~~st from tnc~ dote thcrroF u+~~i3 p,~d at the rarc ot
•~ne pe. trnt~rn per ar.nu ~~~d to3_thr~ v.~rh sucn ~ntcresr .hat~ src~~ed b~ the ~~en of thia mo+rgage.
To permit, corr.~ut or suffer no waste, impa~rrticm or dercriorar;on oT aa~d property or any par: the~eoF.
5_ :o pay a~l a~d s~n3~~ar the costs, chergea artd expar.srs, mci„~~ng a reasor.able aftorne~•'s (ee and coirs of abstr.+tts oi u~ie. incurr~d o~ ya~.1 ar
any ti+r.e by sa~d MORivtiGEE, beca~:r or ~n rAe evrnr of the le.~we un ~iie pa.i of ~ha sa~d ti10RTGAGOR to duly, prwnµrly and i~t7y Fr~form, d~uha.qe.
~xecute, etiec~, tanp;era, co~~~ply w~~h a~~d ab.de by each a~~d every the s::pu:aT ons, a~rrer~iants, cond~tans, and cover,anis of sa~' pro~»issory note e•+d ~`~~s
Tortgage any or e~~her, ;~:d sa d cos~s, ci~arges and expensrs, each and every. shail be ~aur.ed~ately due and payab:e: whr~her pr r.ot thare br no-+cr d_-
mand, atre:npt to co~iect or suit pend =~g; and tha f~ll amount of each a~~d eve~y svch paymem sh,tf brar inferes~ From the dare thereot unti~ pa~d at the
ra:e oi n~nr ~o~~.~~~ o..~... , s_i~ . ~ . - •,•~t .r~ur
w1 w ua~d. tuqe~ner wah s~ch inte~est, ihaU be secured by ~he ~:eo of th:s
m~rtgage.
6. Tha! (a) in the evem of any br~ach of this Mortga~e o~ deTau:t on tha part of the A10RTGAGCR, or ;b! in the eve~t any cF sa:d svms oi mo~ey
hereio referred ta be ~ot pro~np~!y a~ed fu1b~ pa:d ~.~rh;n tn.-ty (30} d.+ys nca~ a:f•_. the sa~ne SevCra'!y betu~ne d~e and payaule, wi~na~~ dea:and o. nonce.
er ~c) in the e~.ent ejch and every rhe sr+pu:af+ons, agreements. coad,~~o~~s an~ covenanrs ot sa.J promhsory no~e and th,s mortgage any or e~ther are not
i~;y, prompuy and iulty performed, d•xnar9.d, exew~ed, effecrr.l. comp:etrd, compi~ed v~~rh ar.d ab~drd 5y, then in e.~h.:r or any su:h evem the sa;d ag-
3~egate sum ment~oned in sa.d pro~t~~sso~y ncre thrn rerr.~~n~ng unpe~d, w~~h 11lfr~CSt accrued, and a~t rr:on~ ys setwed hereby, shall bccome due ar,d pay-
e~ z fcnhM;th, o~ rhereafrer, a~ the opr~un o~ sa~d t~OR1GAGfE, as tu~1y arw-! complefe~y as ii aV of tl~ sa~d sums ol nu~ney were ong~na:ly st.p,:~ated
be „a.d on wch day, an~th~ng in s~.d pro~n~ssory note or in this Mortgaye to the conr~a~y not,v~rhs~and.ng; a~~d there~pon or thrreatter a~ rhe oi~r,or. of
s=:d AtORiGAf.EE, w::hcut no+.ce ar demand, sva at laYV er in eq~uy, ~hrrefore w U~errafrr~ begun, may be prose;uted as if al~ mo~eys secured hereb/
r._d matwed pno~ ro~ts mv~t~t~p~.
7. Thae in the evenr ~hat at the Eegin~~ng of or at any time Fend~ng any su~t upon th~s Mo~~gage. or to fo.ectose it, or to re~orm il, or to enfo.ce
paym~.nf of any Na~ms Ferrur,drr, ta~d A10RTGAvEE shal! apply to the CC~rt haviny ~vnsd.ct:on tteereof for the apposntmen! of a Receiver, su:h Court shad
r::r~h,v~rn ap~aro a r~~ei,e~ of sa~d rr.ortgaqe+! property alt and s~ng~:ar, inc,vd ng ~it a~~d s~n~u,a. ~he income, profas, ~ssues and reven~rs from wh,te~er
s~v~ce deri+~d, each ar.d every of wh:cfi, ~t tx~ng express!y ~nde~stood, ~s hereby mo:~ga3rd as ~f sprc~f~~ally se~ forrh anc! dexr:bed in rhe granr.ng a~~d
i:.~:~rndum ciauses herwf, and such Receiver shal~ have all :he beoad and ritec!~ve f~riU.ons a.~d po.,en in aoyw,se entrusred br a Cou.t to a Recei~er. a~~u
s~;h apppin;ment sha:E be made by w,h Co~r~ as an ad~nitted rqu~ty and a natter of aCio:~te r.gM to sa:d !~',~RiGAGEE, artd w~thovt re~e~ence to t%~e
r::_q?~cy or inadeq~dGy ot tce vaive Cf the p~ope~Jy mortgaged or t0 the Sovrnt~ or .r.SJ:~enCy 6f sa.d .Y,ORiGAGOR ot the de~endanti, and thst S~ch
~_~ts, p:oi:ts, ;ncome, ~ssues and revenues shjil be app~~td by such Recr~ver acco~d.:~g to thr I~en or rq~ny of so~d R1~RTGAGEE and the F.ac!:ce o! such
Cnurt.
B. To Ju'y. Frc:-~pr!v and fuUy ~e.form, d~scharge, ezecute, effect, camp!ere, to~,piy w;th and ab;de by each and every the st~puia:ioos, agree:nents,
cond~t;cns and covc=~a::rs ~n sa j pro^~;ssovy note .::~d th:; m~regaJe sof torth.
9. That in the eve^.t the ownersh;p of the m.or.gagcd pre~vses, or a:y part thereof, becomes vested in a person other thart the MORTGRGOR, the
.';,`RTGAGEf, irs wccesscrs ar.d ass~~r.;, rn~y, w~~hovr r.ci~ce to r~±z :'J~t?~,,:p~, dea~ y,,,~h surh successor w saccesso+ ln ;nr~rest w~~h rrfrre~~ce to th~a
-'o•rgage and :Fn d_vt hereby se:u~ed in the sa~e manner as w~'h .'.o:tgagor w~inout in any way vit~ating or ~;scha~g;ng the /dortgrgois' Gabi+ity here-
:.;.de. or up,n the dett hereU~ sec~:-_:. No sa'e of ~hz Fce~*:;ses h_rrty ~no.tgaaed ar.d no (o~6earante on ti,e part o~ ~hz IdURif,AGEE or its succe;sors
o. ass~9~s and no exrecs~~n ot the r.rr~e fo. che payment of the debr here5y sec~rrd pive~ by tix ti10RTGAGEE or ~ts successors or au~gns, ~~iall opera~e
~o reiease, d~schatge, mod~fy change or aff~u the orig,nai Gau..;ty of tne 6'.pRiGAGOR here+n, either in whole or in part.
10. It is spec~ficaily ag•~Pd ~hat t~me is of the essrn~z of fl:~s contract and f!,at no waiver of any obt~gat~on here.,noer os Qf the obliyarion sa-
tv-ed fntreby shai+ at any tirne rheri-ai=fy b~ heid to ba a waner uf t~e terms her~f w of the i~~strumeM secur~d h¢rby.
}1_ In .;dd.t:oa fo th: fo•eec.:~ ~nonth'y µaym_nts of gxi::cpai a~d i~ire:e;t cequ~red by th•_ prem.sory nc~c s^:~*ed hereb~, mo:tga3or covenants
ag~~-._s ro ~y to rte:,'tg:g== :ach ~::on•h Y~;ay,.e~~t en od-j ~~~::a: s.,m ~st~s~et~d by r.yo~rqj~ee to be eguai to 1't2 of the ,~,nua~ cost of the foi~ow-
A-r.fi ~eal proprrty ~dR'S se.~_d or JSSi'SSQ(~ aqai~:s: :t:e ab~1e dcsc-i~=d >ral esta!e.
b F„r:~•r:s on f~fr ar.d :::-cds:o•~n ~ns.;ra•~cc as i:er•,:~: r,q.~:•,d to b~ c-•r;.:d c~ the :m;:rovements s;tuate on 7h~ a5eve d^suibed prem~ses_
C-Pre~•~:~~ns O:t cuch r-ore~ ;}t, g~arar.ty :r,s~~:a~ ;e as mo't a'ee Sha:' a.~
~ y , ^~^~e ra r~me dee^+ fis :o ca+ry o~ r~e tcan srcured here5y_
ftortg3g~ s~-:: .`>crr. to`t~~:e n~r~fy .r.Grtyec3~! .n ::-:t,ng of tne a•-o.;~t d_•e and parabte hereur.drr a^a ;:rch sur*~ she;! th~reuFOn ~e due a~xl
.~:ac.'e on 1hc• ;!~e ~~e of r~a -~:orth:y payme;n a~zd e~c'~ wcc~~si;.e ~~o•~~F~ thereait_~ ~;.t~~ mcrtgagee sha!1 no!~fy me•tgager ~i a ci,anye in such
~ %~,n!. Such ;.::r.s s~a.t ~e a~~: ' y ~•:,rrg~.J.:e ior:.,•d ti:e aa~ment of :esi preperty taxes, ins~raace pre:.^..~:r.s, a:~d murtga3e quaranty ir.surarce
c-niums.
' L' '::tT _ f, sa~d RIGAGQR has Fereu^ro srt h:s h3~~d and seal rhe day arxl year first aroresaid.
~ Si9 +d,\ a{ n c ive~ _"n th ente of:
~ _ , ` v~
' ' ~ ~ Carol ar a single ad~3~~
,
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! tsea~~
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~~~.TE OF F:ORiDA ~
S5.
; ::UNiY Of i_uCle ~ '
Before me perso~aiiy appa~.ed ____`Carol n~Clark • a S 1flfJle adult b~}.
I~
i iwyw;ie~to me well known and kno.vn to me to be
ind~v~dua~ desu~b_d in an~+ ~.ho exec~ted th~ toregoing instrumen° and acknow~edged befare me fhat ~f-.~ executed the s3me fw tbt purposes
rh~.Pi~ expirssed. A?,~rbe~a~wi
' ~~4s.afJLe~l~iJ ~ u ~,;.~~~~`i~
~v ~aioatiw~hy~s+~'v~ ~raa. ind .ap~w~~w+~Fwr.. sari.frrs6and,~askoa~Jacigad.+v ind.trL~e rneJha~ ~ taesuiodii~id '~m~ {~op`rrap~+y~ipm
_ ww~~? ~wd~~r~~w iwy~+:~~puir~.sarw~i~4 ~pprcLe~s~o±y Sr~(~ ~f.sr ~lir~bewd.
' L•liT~tE55 rny hand and official seai rh~s--- ____T.~---- ----g~v: C~ :r~ "7 ~~r
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~Ay Comm,sran exp~res: n~ ~ `3 C ;
Ret:.rn To: ~~V~~+ ~ ~ `-1. }I~. • . ~t 1 '.i' -J
First Fede.a! Sa.~:~gs E loan Auoc]ar~on j T(~i
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F~.: c~_•:~~ r,_~ fIlE4 e?,~ VJ~VEO
SL ~UC~E L'NTY FLA.
q;,~c, :'Nas
C~Efir. i~:~ CJI~~T
This In;trument P~epared By J. H. Robeits, Jr. "rr~:_- v~ =~~E~ ~
First Federai Savings 8 Loan Asso~iation ` , p ~
of Fort Pierce ~ Flozidai fE8 1~ ~ 12 f~ ~ t~
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Checkeci By - : ~,~r~
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