HomeMy WebLinkAbout0941 3. To pla:e and ca.i~nLoua~y ker~ on ~i~e b.,: d:~:~s now or he:e~frrr s~wsta un s~~d ts,x! a.+d on a!: rq.,~p•~rm and fx~sa~ally .o•ered by th~s mprg-
sge, w:th all p~en wms ihercon y~ d~n f~i1, fuc ins;,rr...r ;n iFx ~s~at sfa:~~rd po':cy form, ia a s.,m apyrcvtd Ey rhe MORtvAl3~E, a~~(~ vwr+CI1~W~T
~nsurante in ~he ut~al 3+~~xiar3 po;.cy iam. ~n a w~ eyFrovrd ty ~hr ~1M1i?AIGAGfE. i~ f~cF~ cw„Nany or co~„p~~~es as ~he AtORlGAGEE m+y
dirett: ar+d ali (i:s and w~nda+.k~+ inwranc~ po:.c+as on aoy of ia~d b~.~~d.ngs. any inrerest Iher~in or part the~ecl, in tie agg:rga+e atws:~~d o~
in eaccii ~hereof, s.~sl1 ca~~am sha vsuai standatd murtgr~Jae cuuu cv s~cA o~her ctouse as ~he Matyayee may ~eyu.re, malu~g fiK ioss ~~x1rr s.~~ ' No~~
~~os. each an~ ava~Y. pa~r.•!c ~o so:d :lpR2GAGEE as ~ts mtrr~s~ ru~~ tp~xar, anrl each ard eYr~y such Fo~~.-~ s~.a:I ur pru,r.pr:y ats gn~d a~:d 9r!:var.-d eu
sny heW by su~d ~ti~ORIGAGEE as Eu~riK~ sec~i~~y ro ss;d ~T,or~yage deb~, a:~d. r+o~ ?ru ~?wn ~_n (!0) days in ad+3~.ce of the exp~r„i~an of e+ch po~:cy, to da-
:~va~ t0 said AIORTGAGEF a~t~~ewal :I~errof, togethtt Mith a rece~p! (C~ 7M premium of futh renearl; a~~d there sf~a:l be ~w f~re o~ wi~~ditc•m inivraMe
placed on any of sa:d b~!!d[ngs, any inferest ~herem or aart ti~e:eof, unie~s in fhe form and wnh tM toss parab~e as aforzs.~d; anJ in ~he e~e~t any sum
of mor,ey becomes payab;r ~ndr~ s~ch poticy a poLurs sa+d MORiGRGEE ahalt have ~he op~,on ro rrcr~ve an~ appiy the sa~ue on eccou~~~ oF ~ha ~~~d~i:e•_d-
rrss sec~red hrreby w ro per:,~~e sa:d IAORiGAGORS to reea~vr anel usa it M.~ny pa~~ ~i~~:rof tor o:n•r ~.;,r, osrz. ...r~,~..e tr~~..,r ~7 ~r .~~.:u.
ing any ~pu~ty, Gen or ri9At urtcrr w'uy v~r.~e of tnis +~:c:`gagr; a~~d in fhe ev~nt sa~d A10RTGi.GORS sha!1 :or any reasai (ai! to Mcrp ~he sa~d prerniiae so
~nsured, or fail ~o de~~ver P.o~nN~~~ any ot aa~d po~k:es of insurance to sa~d MOkTGAGEE, or fa~! prcmpT~y ~o pay f~.ly any p~~~n,~m th<refor w+n a~~y
respect fail to perfo~m, dn:ha-ye, earcute, effett, canp~etr, co~~ply wi~h and ab~de by ih,s cover.3n~, w any part hereef, ta~d MiVRTGAGEE may p~ac~~ a:~d
pay for such insurance o~ any part ehereof w~ihaut waiving or affec~ing any opt~on. Gen, egv~~y. or rigM ur.der o~ hy v~:rue of this h1o~~gage, and the
fe,11 amounl of eath and r~e~y s~:h payment shaU be immrd~ately d~e and payab~e and shafl ~ar interest iran Ihe dat~ ~ne~rof until pa~d ai the rare of
~~ne per cenr~m per annu:+~ and :o~r~he~ w~~h s.,cF. ~:urr~s~ sha+~ or se;,.•re~ by the Gen of th~s mortgagr.
To permit, tommit or suffn no waare, impair.nant u deter~oration of u~d p:operty w any p.?rt rherrof.
5. To pay at1 and s~ng~lar ~he cos+s, chargea and ex~xnsrs, ~nc~ud~~g a reasonable anwney's fee and cosrs of abssracts of Ki'r, incurrjd or µ~~d at
any ti,ne by said MORIGAGEE, b~=ca~se o~ i~ the event of the faai~rr c~ ~hr pan of ihe sa~d h10RiGAGOR to d..iy, pro=.~prly a~x! fv~y pe~fam, d~sch,~rge.
execute, etfed, canp7ete, comply w•~th and ab.de by each and e~•ery the stip~?i!~o~s, agrerments, condn~ons, and covenanrs ~f s~~d pro:nissory neir end ~his
.nortgage any or eifhe?, a~d so d c~sn, charges and e:pens;s, each a~~d rvery, shall be imm~d;~tety dve and payab:e; v~hrrher w not fher~ be nonce da
mand, attempt to co~fect or euit pend ~g; and ~he fvll a~nount of each and every s~ch paymero shall bea~ ~nfcresT from fh.: date thereof ontil pa~d at the
rate of n~ne per centum Ncr on~~;,:n; a~u: eii sa~d c:.sts, cha~~es and ea:xnses ~ncwred or pa~d, togrli~er ~+dh suth ~ntc~rst, shed be s2~v~z~d by the I~en ot th.f
mortgage. ~
6. That fa) in the evem of any breach oi this Mortyage w drfaulr on tF~ pa.t of rhe VIORTGAGOR, or ;b) in she evrnt any oF sa'd sums of money
h.rein refe~rrd to be not prornptty and fully paid w~ch6n th~+sy 130; dars ne.a at~~a ~t~e sa.ne se~era:iy ~econ,e due and payaWe, ;vi~twut demand or no~rce.
cr (d in thr event each and every the st+pu:arions, agreemtr~ts, cond.na~s and corenants of sa d pran~ssory noee ar.d th~s marfgage a~y w e~ther are not
~uty, promptly and f~l1y perfer:nr3, d:sc~»ry~-~!, earcutrd, effected. canpletrd, comp:~ed w~rh and ab~drd 5y, Ihen in c~:her o~ any su:h evem the sa:J ~g
~ate sum ment~oned in sa,d pran~ssory nute thrn rr~r.a~ning unpa~d, w~th intere,t acu~ed, ar,d e~i monr~s secu~ed hereby, shall become d~e ano pay-
ebie forthwith, or thereaffer, at !he opf+on o~ s.,~d n10~2TGAGEE, as fuUy a~xi compirtely as if a1; of the sa:d sums of • money v~,ere a~g~~a:ly scp~:ated
:o be pa:d on such d~y, any:h~ng in sa:d pre:n~ssory notz or io this hto+rgagr ro thr ca,t.a.y noh.~rhsra~:d:~:g; and thenupon w the:eafte~ a~ ihe ou~.on of
s~:d MORTGAGcE, w[rho~t not~ce o. drmar.d, s~~t at taw or in equ~ty, therefore r~ iherea{+r~ tKgun, may be p:osecuted as if stl moneys secu+ed hereby
n_d maWred pr~pr to ds ~nsut~t~on.
7. Thaf :n tF.e event rhat ar ehe bzg~nn!ng of or ar any f~me pend~ng ar.y se:~t upon th7s 148w~gage, o. to (oreclose it, er ro refo~n it, or to en(orce
p~yment of any da~ms he-e~nder, sa~d lrORTuAGEE sha'~ epply to the Gourt hav~ng ju~~sd:c~~on thereof for ?h~ appo~mrnrnt of a Rece,Yer, svch Covrt shail
fo:thwrith appoint a rece~ve~ of sa~d m~~tgsgcd propert~ aIl a~d sing~~ar, inc:ud•ng a',! and s~~.gu1a* tr.r income, prof~~s, iss~es aed revenoes }rom wh,teve~
s;ur~e derived, each and e.ery of wh,ch, i~ t~e~~g exp~essiy unders~ood, ~s he+rby mortgaged as ~f spec~fecaily set for~h and descnbed in the g~anhng en~
habendum cta~ses he:eof, a.~d svch R~ce~.rr ahal! ha.e all the broad and effect~ve fun:r,ons and pov`e.s in anyw~se enrrusted by a Covrt to a Receiver, and
s,ch appointment shatl be rt,ade by svch Court as an admitted equity and a ma~ter of abw~ure r~ghr to sa~d AtORiGAGEE, a~d w~~heot rcference fo ~he
adequacy o~ inadrqvacy ef ti~r ~a~ve of the p+operty mwtgeged or to the sc~vnncy or ~nsotvency of sa:d MORiGAGOR w the def~ndants, and rhaf wch
re~rs, profits, intome, issves and re~enues shait be app;~ed by such ReceSver accord~ng to the iien or equity of sa:d MOkTGAGEE and the praU~ce of such
Court.
8. To duty, prompt:y a~+d lu~1y perfo~m, discha~ge. e:ecute, effect, comptete, comply with and abede by each and every the stipuiations, agreee7tients,
cor.d;tions and covenanrs ~n sa~d p~omissory nore and tn~s mxtgage set iorth.
9. That in the eve~~t rhe o:vne-sh~p o~ rhe :nortgaged pren„ses. or any part thereof, becomes vested in a pe~son other t!~en ~he MORTGAGOR, the
:tQRTGAGEE, its successcrs ar.d ass~gns, rna; . wrthout no~~:e ro the AtpRT~,AOR, deat wi;h such wccessar p successo+ in lnterest with referrr.ce to tiiis
a!gage and the d_•bf hereby secured in the same rnar.ner as w~Th t.',o~r~ago. w~tno~t in a~y way vit:eting or d:scharg~~~ the ldartgagor:' liability here~
;,,nder or upon the debt hereby sec~rc.: No sa~e of rhe FrEm~ses hereby rno.tgayed ard ao fe:bearance on the pa~t ai ~he /JIORIGAGfE w its s~cceasws
o~ assigns and no eztension of shr t:me for the payrr.~nt of the drbr 6ereby secu~ed given by the MORTGAGEE or ets successas or au:gr.s, ,.iall operate
ro re~ease, d~schargr, mod,fy char.ge or affect ehe or~g.r.a~ i~a~.::ry of the NARTGAGOR here~n, either in who!e or in part.
10. It is spec+ficatly ao•eed that r;~„e is of the essrnce of th~s convact and :hat no waiver of any ob':ganon hereunder ar of the ob!igation se-
c•.,;ed hereby shali at any !inre m~reafter be nc;d to 5e a wa~.er of the terms hereoi or of the insrrumer.t secured he~by.
l l. t~ add-~:e~ to the forego ~tg month!y payn~^_nts of pnnt pai and intrrest required by the prpm;ssery no'e secured he~eby, morrgagor covenants
~•~d agr~s to pay to r.or:gagee v.ith each ~~.or,:h:y Na~~. ent aa add~':onal s~m ~~s~.^.'ated b f morigagee to be eq~al to 1.' 12 of t~ r an:~ual tost of the fo:low-
::j:
A-AH rca! ;.rop`~ty taxes levfed or assess_~d ay3i•ut th~ aba~e desc~~bed•rral estate.
I E-?r~~r:u ^s on f:re and .n::dsio•m [rs~~r_irce as i,e:~:n r~q~:r~•d to be ca~r:_d en the _mYr~~re*r. .•ts s::~a:e o~ the a!~o~e d_scr~t•ed premises.
C-Pre~r.i~rt•s o~ svth rt:ort~3ae guaranty inzvrarce as mortgagee s'r~ai! fro:r t~me to tuoe dee:n fit to carry on the loan y~ured hereb~.
~I Mortgaqee s~a:i `•cm :~~r.~ !o n~~e r.cnfr mc~ty;g~~ ~n v~~~t~r:g oi the a^o.:~+ due and payablr hereundrr a•~d wch su•n sh~i! thereupon be due and
~ .+.able on rhe c:;,e aare ef fh> ~~_.r n,amr,iy paym~~nr a~~d e,:ch succeszive :.~o>:Th !~reaft~r ur.~~; mc.tgagee sha!1 ne~.fy :nor!g~gor of a change in such
j ount. $uch wms sFa:i be afi. ~:-o ey mer!gag-rc tor;a:d tne F:ay:ce~! of rr~i prOrerty taxes, insvrance p~em:ums, a:rd mongage g~a•anty insurance
I o~emiums.
~ IN \•~ITNE~S ::HFREOF, the s.;~d MORTGAGOR has 'r:ereunto der his hand and scal the day and year fi:st aforesa;d.
~ Signed, Sealed a^d deliver~ in rhe presen~e of: / ~
~ - - ~(.b, ~ (Sea4
~ f R W li - ~
t5eel,
~ _ 1 ~f~ 4
1 ~ ' ~ (Seaq
~ _ Evelv F. Welling ~~ai~
~ C';,TE OF fIORIDA
St_l.ucie ~
~JU'~TY OF 1
Before me perwnaily appea.ed _ A1fZ@(] F. Welling . arx!
'~r,
EVeZVa F. Wellina h~s wi.`e, to me welt knawn andikcqynl to me to be
irw~v:duais desc.ibed in and who exec~red tfie foregoi~g instrument, and acicnowiedged before rr.e that they e:ecylecf'1F~~Wr~e for fhs purposes
Evelyn F. Welling ~ ~ ` -
R rhe~ein eapresaed_ And the said--_ ~
~ :~:fe of the said _~~L~~. Wellin9 - ~ ' - • ~~•~pon a'yepariS~,apd private
•a~n~nanon by me taken separate and apart '.:o-n her said husband, acinowled~ed to a~d before me that she e~ecuZe~ ~c~ instrvrnenP•fl~elL~nd volun-
~ ~::Iy and wrtho~t any com~u'sion, constrainr, apFreF.~~r n, or fear of or frorn her sa;d husbaod ~ • ~ l
: J - '
WITNESS my hand and offic~al seal ihis_ day of ' ua • .A: ~Y 19~_
- - 1"
~ Nora.y Pub~ic in and fot ~~$tate _~orid~•~~ arg=
My Com~mssion expues: l•. : ~ •
~ Return To: ~ ~ 7 ~
~ First federal Savi~gs b loan Associat:on ~,hl~• ; ~bti'1p~S1ATEof Ft0e210AatlARGE
~ Gf fo~t P•~ce ~ Ep~.7bSISSf^vY EXPIRES SEPT. 25, 1975
~ Fc.r P~.•rce. ~~ur~clj 8~*'eQ 8y Ametitan BanketS lOSU(anCO t~o.
~
:5
F~~E~ ~ti^ ~'~riJGaEd
~ This Instrument Prepared By Dennis F. HolelCgeZ ST. ~i1;;~ ~~~.y;r f~~
~ First Federal Savings 8. Loar~ Association R~:.: - i~TRAS
of Fort Pierce Florida CIEF.~ C=:.~1i+ COJRT ~
~ ~ R=~' ~R~ V'..•r~~~?
~ Checkeci By
u f~e 13 4 ie PH'l3
~ eoo~ 211 FAGF 248394
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