HomeMy WebLinkAbout0939 J. To p~ace a,,d to~~tuiuu~,siy 1.eep an ehe ~,~~'d.~.~s .~ow or F.errafta~ s~rw~e on sa:d I~nd a~~d on al! ry„~pntint and p.•rso~sliy co:e.ed by ~hl~ morrg-
egs. w ri~ all prrniw:ns ~hrrron pe.d ,n f~e7, t.re ~r.e,~.~,cr ~n ~no VSJ~Ii 'IJir~.~1~ ~?.ty fo~m. in a:~;n a~.::+c.ed n+ the titiOR;..~
:uf[. anei ~•~xi,~~+~n
~risur~nce in tne us~al t»:~dr~d Ero:.cy ~~x~:~, ~n a s~m appro.ed by the h1JCTGAGEE, in ~u.h co•:•pany er co:npeme~ as the AtORiGAGEE mar
d~rccr, and aU (i~e ar.d w~nds~oc.n i~~s~~an~e po'~c~ct or, any of s~~d tw•:d.ngt, •ny interes~ th~:e:n ur part tF~z~euf, in fhe ag~~,~ate i~m atoresa~d or
in eacess ~hrreof, shafl ;cm,,m ~hc usuai s~~~~d_rd n~o~~gagre ravsa or s~ch o+her c~o.,se as the IJ:wfgege~ neay 1C(~:I~(@, n.aA~~.g ~~~e .oss undar ~~~d ~!i-
c,rs: each and evrry. Pa,.,br ro sa~J ,\•.~~R:i;Av~E as ~ts ~-~frr.•s~ may ap~ar, arxl each ond e.c~y svih p.i ~iy si:a;l ae f.~wrpr.y au g~.~d s~,d de~t.cr~•d ?o
any hck! by sa~d 7.10RtGA~iE as fu,~h~-r zt:vr~ry to s~:d ~~:~rr~.+ge d~•ut, a~~d, not Iess than ten i~Q) days in au.ence oi ti~r esp+r~t~on oi each pulity, to dr
:.ve~ to sa:d 5~10RiG~GfE a ~r~'~wal ti~~r:of, tu~e~hrr wa~ a rrce~r~ for ~Ae prr~::.um of such ~c:.ewa; a•~d ther. s#:a'I ba ~a i,~e or w.•~ds~c~~r ~r.sv:.~:+ce
platad on any of a~~~i b~~:d.~gs, an~ n,Trrest therr.n ~r E~+rt ~h,ieof, ur'ess tt~e fonn ar,d w~~h the toss pay~i,:e as afe~esa~d; ard in ~he e.en~ any ;..~n
of ~noney becanes payat~r ~:~r s~.h pei~cy or Yu:,c~es sa.d ti'.JtiTG~G:E ha~: eha oN;.~n ~o ~~c_~ye .:n! .,p~:~ ~,~r s~~n:: on at:o~n~ of ~he ind~ot.~d-
ness srcurrd t~rrrby or ro per:un e~'d ),vRTGAGJRS ~o r.-c~•~.~• ~.d use d or a~~y F;.~.~ ~h~•: ~ot I:,r c.e~~• r~:u., , s. s.. rr:~..e ~S,r..:. „
+~~g any eau~ty, iarn cv ngFa urdr~ or by virrue of ~h~s mcr~y.:qr; and m ~he evc:+? sa d MO~tG:-GORS sh~~i for any re.~i~~~ faii to kacp the sa~d prem~s~s so
~nsurrd, or }ait to d~•~~v~r p~ar.yNy any of ;a,d {.of,a~s cf ~~,sur,,ner to sa.d I.~OR/GAGFE, cr t,r, prc~r.pely ~e pay fu::y ar~y pr~-:n:,;+n ~hrref,~ o• ~n a~~Y
respect fail ~o perfarm, d~s:l~arye, ex~~.~tr, effect, ca~~N:r+r, co:~~~:ly w~~h and ab.de by th;s cove~ant, o~ any F.i:t h_reot, sa~d MURi"AGfE may p~aa• a~d
pa~ fw such inwr,n:r cr a•~y part t~r~eof wrtFw..t ,na.ri~~ w afiraing any op~~on, i~cn. equl~y, or r~yhr u~~drr or b~ v.rt„e ct :6~s .\~.o.~g~~e, a~~d thc
full ankvnt o( esch a~:d e.r~y ~~ch pa,:n~•nt stwll kk ~:nmeo~erely due : d payaUle and sh~!I ~rar inttr~st frcm tlh: dote thcreof uu!il p.,~d at ti+e rate ot
o:r:e per crnt~m ~-er ann..•~: .,~~J ro_;~-~!:~r tiah w:h ~n~<•~:•sr sh~~. b~- s.•c~~.J t:y ~he t~en oi th:s matgage. -
3. To permit, comt:iit or suH<r r.o wasle, imFairrnanT ot dr:rnutaf~on ot s~~d prcperty ot any pa~t thereot.
5. To pay atl and s:ng~Sar ~he co:?s, clwrges and etpeni?S, ~ntiudu~g a reasonable atta•ney's fee a~~d cos~s oF ahssracts of t~t;r, incurred or ps~d at
,•iy ~i:.:e by sa~d ~10RIGAG'_E, sec..~se or ~n ~he rve~t of ihe fa.~ure a~ ~nr pert ef ~he se~d MORTGaGOR to duly, pro:~~p~~y and f~,fy perform, d~s~~~~ge.
_.ec~tr, EIfCGt, co.np:~~e, co+r.pty wnh ~nd ab.dr by ea:h and .-.~ery she s+~~~~at.ons, agree~^.nTl, cond~t~an, and coYe~zants of sa~d pro~n:;sory note a+~d e4,~s
-•o,tgrge ar.~ or e:ther, a:~d s_.d costs, charges and ezec~sc~s, eacF a:.d every, sha~l be ~-nm~d~ate!y due ard aayab:e: whe+her or ~ot rhere be not~ce da
n.s~d, attai~pt to coiiect tr Sud per~ci ng; and ~he tutt a:nount of each a~.d ewery svcfi pa~n,e:v sha11 oea. inrerrs~ from ~he ~are thereof unril pa~d a~ the
~ o' r.;ne per ccnt,;m ,~~r ..::d aii sa:d wsts. c~ a:gcs .;•~d ~xc~~nses inc~rred w pa~~, tog~•the+ w:~h ;uch ~nu:rst, shail be sec~red by the i~rn of Iha
-r.a.*tg~~e.
b. Tl~at (a) in tha event oi any Lrracfi of this Mo~tgage or defa~~t a~ tF~ part of the ti~.OK7v>GCR, or ;b) ~n the cvent any ot sa:d sums of money
F~rein referrcd to kx r.ct pro•c,p~ly and fuity pa~d ~~:ti~~n th rty 13J; d.~ys n~nt a:t•_r the sa:ne sevcra:'.y brc~•ne doe and payab!e, witt~out deneand or not~ce,
or ,c) in thr e.•em rach a~d evary t'r~e st~Nu..,f~a~:, a~rernienrs. ca:dr.~o:~s and covena~~rs of sa.d ,nrom~slu~y no:a and th:s morigag~ any or e~fher a•r not
~~:y, pro+npt[y and t~:~y Fxrfo:~-~a~, c!a:ra~y_d, eaecvt~d, Pt"tec~rd, co:r.p:etrd, co~np:•ed v.~~h and a~~.;r~i Sy, then i~ e.~hrr or any such e+ent the sa~d ag-
3rrgatt sum ment~oned ~n said p~o~~~.ssory r..:*c tn~~n rema~n:ng o~ pa~d, wifh imere;f accrued, and a~i mar~ys secured hrreby, sha:l becorr.e due and pay
ab r forthwith, o~ ~hereairr~, at ehe op~w:~ 04 sa~d M0~2TGAGEE, as fu~Iy a~~:l comptetely as if ali of ~hr s~:d sums oi money v.ere o~~g~na:ly si;pu.ated
to be pa d on s~ch day, ar.~rh~ng in sa d pro:n~ssory ~.~te or in this Atwrgage to ~he co~vrary nora~~hsta~~d~:~g; a~ed ~hereupon o. thereaf:er at the opt[on of
s> d MORTGAGEE, w~nc~+~t nonce or drman~, w~t a~ law or in equ~ty, tF~~nfore ot thereafter begvr., may be p~osecutecl as if all morteys srtured hereby
r.ad maturCd pn01 to di R1sf~7vl~An. ~
7. That in the evrnt rh~t at the beg~nn:ng of or at any time pend~ng any s~:1 ~pon this Mortgage, or ro foredose it, or to reform it, or to er.icrce •
eayment of dny ti~~ms ht•e~nder, aa~~ MQRTG.~+G:E shail opply to the Ceurt hav~ng ~urnd.ction th~~~ro4 for rhe appo~nt~nent of a Rece~+er, svch Court shatl
f~:rhw~rh appo~nt a rcce~.er of sa=d mortgsged property alI and s~~*3utar, inciud~g ai~ and s~~~~~tar ~he income, prof+ts, isS~es ar.d revenues fre~n wh~tever
s::,:ce drrived, each and e~ery of wh:ch, ~r be~~,g express'y undersrood, ~s ~er,•uy n.er~ga~cd as il aF:eof~ce~ty set iorrh and desuibed in tns granhn~ and
heixr,dvm c'auses hercwf, and svth Retr~rrr s!~oii hav~ a:' the b~.:ad and :ffecel,re fur.c'.o~~s ~nd po.:r+s in d(1~I:Y:Sc' entr~sted by a Court to a Rece~ver, a•~d
s_:h appo~n:ment shall be r.:ade by svch Ccurt as an ed:n~~t~•d eq:~~ty and a rr~atter of ebso:.,re r,gM to sa~d hSJR:vAGEE, and w~tr~.ut refefence to ti~e
a;.+,auacy or inadequaty of the va:ve ef the ~rope~ty mortgaged or to tne savency er ~n~c:.rn~y of sa~d MORiGAGOR ar the desenda~~ts, and that svch
~^+s, proiils, incwne, ~swes and reven~es sha,i tx app~~ed oy such kecr~ver ac.ord.ng ta Ihe lien or equit~r ot sa;3 A!ORTGAGFE and ~i~r p~act~ce of s~ch
Court. ' ' ~
B. To d~:y, prompe;y and fully Fe~forrr,, d~scha~ge, execur~, eftect, com~:ete, co+:~ply with and abide by eath and evrr~ the sripu~ations, agr¢e+nents,
:onditions and cove,w~~rs ~n sa~d prom.s;orY no:e an¢ ~hts m~rs~age srt for:h.
9. Ihar in the evc~t the owr.zrsh~p o~ rhr rr.ortgaged pre~n~srs. or airy part the+eof, becomes vested in a person other than the MO:.jGaGOR, the
: CRTGAGff, its s~ccessc~s ar.d dS5!~r.s, may, w~thovt nonce to fne AtOR?vA~R, deal weh svch svccesso+ or succzssas ~n ~nterest .vifh re:rrence to th~s
o-+gage~a~'~d the d=v1 hcreby Secu:ed in the same manr-er as w~th l..ortga~cr w~tho~t in any ~vay viFating or d~xlcarging ihe fJlottga~ori liability here-
..nder or upon the de~t ne~eby sec.,r~•d. No sa:r ol t?w Frem ses hereby rno~rg~ged ar.d no forbearance on the part oi rhe 1hORiGAGE[ or its succ?ssers
c~ ass~9ns and n~ extens[cn of she t;:r,e for r6e payn,ent of ~F.e debf h,-re[~y sec~rrd given by ~he 1'RORTGAG~f o. its wccessors or ass•gns, ~:wll operate
to :etease, d~schargr, mod~fy u~a:~ye or atiect the o~~g~:,.~1 I;au.f.ty of the t.',ORIGAGOR herein, e~ther in whole or in part_
10. It is spec:fica~t~ agr_.ed ~hat r~.ne ~s of the esse~~:e of ~h~s contrac: ar.d rhat no waiver of any ubi[gat~on hereunder or of the obligatioo se-
:_red hereby shal~ at a~y time ~nereaf:er be r~,:d to be a~,a~.rr of inr terr,,s hereof or of the instrument secured tterby_
11. In a3d.t:on 'o t~~e to~ege ~,7 n,,.~•i, r~aymants of p~i:x ~31 and ier•r~sf ~equ~red 'o/ the prom:sscry ~e'e secu~ecl her~~6,., mor;ga~or covenants
~ 3o~^es to pay to ^.o•t~~qee w:vh ~•e_~. ,•~o~:,h:y ;;a~, ent an add.rional su•n rsr• e•dred by mo~tyngee ta t~e eqvaf to 1. 12 oi tha ann~al cost of the foliow-
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A-A!1 real prope~t~ 73xas i~.~e~ o+ ass•.scc.i ~g~(•~s! t~c a~o:~e desc~~~_d r,al esr,;~e.
I B- Pr~r.-..;, rs on 1,•r a.^.d +:...dsr:: :r.sur ~.:r 3= i..rc,~ r.~qv~rrd to be cz--i•_d cn the Emp~oveme~ts s:t~ate on tie_ above d_,crit;ed pr~mises.
I
~ C-Pre~r•un,s o~* scch mor,y:._e g,:ar~nty ~csur. :e es ~~o•rg.ege~ sha~~ iro•^ : me to tur.e deem fit to carry on the ioan ~ecu:rd 'nereby.
I Mor:gagee s~.. +~~c•n r. •~e ~o r. .,•:f, ~„_,-r,,gcr ~ v.r;r -•g of the a•: o.:~t d.:e ar.d paya'v1e he:r~ndar ;~id sucn s:,~*+ sh.,i~ ther~u~~n be due and
~ s~!e o~ thc cise or!~ cT r.••,• ;~i, ; p,; .•.,,n e~th success~.~e -ren!h ther~af!er u-.r~t mc:tgagee sF.a!i t~ot:fy mor~qagor of a cfian~e in suth
~ ~'~~L $u:fl 5~~~4 SFe.~ ve ar~ ~~,V :•y mJ~'~,~~_•:c to::a'~ 1h.C (;eym2r7 O< <e=! prOpt~!y TaReS, inLrdnCt prem.~~s, d:•d r.~.0*t~39? g~iatdilty insurance
~ . .~~*-iums.
IN ~JITNESS :•rti:RE~F. ine sa:d .ti1047GAG•,^,2 has Fe:cunto sFt hiz h~~:d and seal the d•~y and year first aforesaid.
,,S~gned, Seaird and def~vered in the presen~e of: ~
! - \-t i _ - ~al)
_ C" l, f~t_, C1 rence S. Elling Sr •csQaq
- ~i= ' ~ ~
_ _ , i.`?~
«r<= ~i et~ .=j~ (seaq
- ~~--_F---- Parolee P. 'Ellin o~ (~al3
S~%+iE OF FLORIDA
St . LuG ie
"`,UNiY OF _ 1
Cl.arence S. Lllington, Sr.
E Before me persona~Iy appeared _ - _ and
~ Pa ro ee p• 1 ington his wi{e, to me v~efl known and knawm to me to be
_ ind;v+dua:s descnbed i~ and who ex cured rhe f~r ~qg instrument, and acknow~edged before me tha! they executed the same tor the purposes
~ . P~ro~ee P. E~~inc~ton -
tr.e•em expressed. And the said_-_-_--_ '
Clarence S. Ellin_ ton Sr.
~ of the said - ~ - , up~in a se.~~iI//~ and private
~ ~m:nat~on by me :a~en sepa+ate ar.d a~art 4rom her sa~d hvsbar.d, acknow~edged to and before me thjt she executed said "p~4~E~!'.Fi~qly~~nd vo:un-
- ~ : ~i
~~:y and w:thout an~ cemp~'von, co•~stramt, a,r,pre ensen, ~r fear o~ or trorp her saEd iwsband. rt. ~
~_l February
~ WITNc55 my ha~d and offlua! seal this_ daY of_ A•Q~ 9- 73
~ - ~1~~ • - ' : ~ . ~ ~
,~ta~y Pub!~c in and for tF?¢ S~te ~io~~ f rgi
~ f ~~1y Comm~ss+on eapi:e~ta(~ C~ AT of~OR1UA et URf3E
y Retvrn To: ~ - ~
~ ~ Es,r` :
; First fedrral Sa.~~r.gs d. loan Assoc~aron A 79~5
~ ~ . _ ~.etd ~~~yier~/1f1lO~.tyti ,:..•.:arwuiol;
~ Of iort P,•c.. V.. s..- ~
~ Fo.r P;.:::e. Fi~r;de 248393 ~
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~ ftlFG a+.: t.~ ~y.,'OfD
~ This Inst!ument Prepared By Joh~ :ti', Co? lins st-~~~'~ -~~xay flA_
Ru~'E;? ' : ~ ..AS
~ First Federai Savings & loan Association CL_R~ ti._~~; CC~URT
of Fort Pierce ~ r'lOZid3 o~~nY ~
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~ Checkeci 8y _ FE0 4 18 P~ ~73
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~ R ~~1 ~39
~ 60~,... F''Li
~ s
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