HomeMy WebLinkAbout2734 3. TO place and conNnco~tily ?eep on rt~e b~•'J:: now o~ hr~as{tar s:tw~s on sa'~j land ~nd cu~ al~ rq~~ip~»rat and personatly covered ~y ihil mor~g-
w~~, with all pren~~~m~ tM:reon +a.d m full, f~re ins,~an:e, m ~t~r ~s~a: st~~:~~:d po!~cy fwm, in a awo a~.~ov.d by il~ MORiGAGfE, u~d •wi~id~'am
inswance in ~he u~wl ~ren,fard po:.cy f.xm, in s a~m opF~•:o.cd by rhe AlORIGAGEE, in sucA cunpeny o~ conpao~es as ~he MORTGAGEE may
ditech an~ all 1'ae a~:d w~~~dsr~nn ~nsvrai+ce po::c~es on tny ot sa~d tw~id:~~ys, 'sny interes~ the~r~n or ps~l ~F~crro(, io ~he oggrefla?e ivm ~faea~~ w
(n ratesa thz.eoi, s?.~tl conrair: ~F.e vsval ~w~ada~d ~nargsgre clauu o~ such oilu~ cfa~se as the Mo+lyz3ee n,ey .~Z~,..s, m~ii~rq e?~e ;cs~ unJer s~~d po1F ~
cies, cach and ev~~!•, i,ar.,c.'e to sa~d AIJRIGAf kE a~ ~rs ietrrcu ~:~ay a~Wrar, a~x! rach e~~d r.e~y •uch ~;c~,cy t~~otl kx pior.pt~y ass g~:Ed a.~d de!~vead ~o
•ny held by sa~d MORIGAGEE ai fur~h:Y s~cur~ty to said n.o~t~.+ge debt, and, no~ Iess ~6an trn (10) de~s in ad..~~~ce o( rhr eap~:at~on of rech poh~y, to dr
liwr to ae~d ti10RiGAGEE r renrwat thr~~uf, toqetha~ with e ~rce~p~ fw thr ~vo~n~an o! such rau+~+ai; ac~ q,ore sh.~il tx ~w f.re v.~~~d~~orm inwrance
F~actd On any ol ss~d bwid~ngs. any i~iterost thrre~n w rar? thereoF, uc~irsa in the (orm a~d w~ih th~ {oas payab!e as aforesaid; and in the tre~N any fum
of nwn~y b-can:s u.~rab'e .•~drr such ;;o:~cy or pol~c:es s~~d MUR~GAGEf ah,it have ~hr oNr.a~ ro rec_~re and apyly t'~r u:+~e OII dfCOJ+1/ of the indallyd
ness aKu:ed FKreby Or rc ptm.it a~:d tAJRTIiAGOQS to retri.e a+:d uss ir p on~ p:,~t rh~•:~•ot lor oc~•.~r y.u,,.::srs. :.,i;~~.t tn•,~u~ u<<;~,;~•.
ing any equrty, I:rn w r~ght ~ndar w by ~u~ve of th~s mer.yagr; •~~d in ~he evrnt ta d MOi2iGAGORS sha11 fo~ any ~i:,aon f~il to Le~p ~he sa~d rxanls~•s w
inswed. or iaii to d~li.e~ a.,~~Nrry any o1 so~d ~wl.cies of insurancr to aa;d MO~iGAGEE, er ia:' pzo~,p!ly t~ Eay Iv:ty ar~y p~r•~,~„~o t1~:~rfw or in ~ny
rospect fail to perform, dncharqe, e,e~•c~rr, eifect, canp+e~a, canply wrth ax! ab~de by th~s COYCn,f~U, p any p.,rt Aaiawl, se~d MuRIGAGtE may piace a~~d
pay fp such inaur.uue or any part tl~errof w~~hout wa~v;ng w a(fecti~~g any opnon, lien. equ~ty, or nght ~..lei o~ b/ v~~~ue o~ ~his Mo~ryaye, a~d tht
f~lt amo~nt of eacA and e.ery s~ch parment sheil be ,n,med~ately vue and payat,tt a~u! shall brar i~~eras~ f~om the dete iF.ercof un:il po~d st the rate ol
n~ne pra Cantv~n ~t ar.nuv~ and t;,~rtr-:r v,~th suth ~ntcr~st !t~yli bt sr:~red by the 1:en Of this ~~tgaya.
1. To permii, commit or wffer na waate, impa:~mero o~ drtrriurat,on of aa~d pro~~ty or any p:,rt tbereof.
S. To pay a!1 and singu~er the ccsts, tharges and expe.urs, ~ncludi,g a reasonable atto~~~ry's iee and ccsts o1 a5s?racts of tit:e, ir,cur.,.d or pa~d a~
any ti:,:e Ey se~d rNi)RT„AGfE, be<a~se w in the event ot the fe:~urc o~ ~i~ par~ of the saKi MORTGAGOR to dvty, pravp~iy and fulty pz~iorm, d~xha~ge.
>xecure, effect, tomp.e~e. compty weh ar~ ab.de by aach and ecery th.c stipuiat~o~s, agrerments, cond~tions. a~d cove~~ants of sa~d p~em~sso~y noie and ~h:a
mortgage any w r+ihe:, ard sa:d cosri, charges and e~prnses, each and evc+y, shall ba immed~ately due end payabte; whather w not rhere be no~~ce de-
mand, attempl to coiiect er wit prnoing; and the fu:l amount of each arx! evrry such payn~tot shell bear interest from tnt deTC the~eof untii pa~d ~t ti~e
rare oi nine per ca:::~m ~ cr :,•z~:.r:r, c::d ~I! sz:d :osti, ci.d~gts ar.d e~~:e+~aes ,r.tvr~rd ot ~i~, tOyeihe? ~~.th s~ch intecest, shait be s~cured by tht I~en Of th:f
mwt8age.
6. Tha~ (a) in tF~e event of any 6rrach of th~s )f.ortgag~ or defaulr on the part of the n.ORiG~GOR, or ib) in the eveot any of sa;d aums of mooey
hrre7n referred to be rot promp!iy aixi lu~ly wid v~uh~n th~rty ~30) deys near airer same se+era:ly be:a»r due a~d payab:e, widwuf demand a notke,
er ;c) in thr event ra~h and every the st~p~:ataons, agrcr~nrnts cond~f~o~~s a~x! covena~»s of sa d pro~~~ss~•ry r•ote ae~d +ha mortgage any or either ere o01
~uty, promptly end ~~~iy perTOrm.,~, $,scFwrg~~, earcuted. eifeued, tanptet~d, :o~tiNi.ed wph and at;~drd Sy, then in e~the~ or any avch event f!K said ,xr
gr~~gate sum mem,o»ed i» sa,{J F~On~~iSJ~y note th_n rrma~ning vnpa~d, w~th intcra;t occrued, a~u! a~~ moneys sztw~d hereby, shall bec~me d~e and pay-
ao:e for~hwith, or 1hBrea'ter, at ~he op!:on of s,,;d ,~tORiGAGEz, as fuUy and mmp'•etr:y as ii ai: of ti~r sa~d su:ns of money were or~g~nalfy supulated
to 6e pa:d oa such da~, anythin~ in aa.d pro•n:ssory nete w in ehis M~rga~r ~o ihe to.:trery no~rvnhitar:d~:.y; and tFw:rcupon or ~ne~eafrer at ihe opt~on of
s:~+d MORTGAGEE, w~tnout ~o+:ce or c:ema~~d, sun at ~aw or in eq~ity, thereio~e w tt~rroher bequn, may Ge prosecuted es if a~l moneys aecuted hereby
~,=d matured pnp ~o ~ts insr~t~t~on.
7. That in tM event that at ~he beginn;rg of w at any ti~ne pend~ng any sv~t upon this Mo~rqage, or to fwedox it, or ro reform i1, or to enforce
payment of any claims he~ev~~der, sa~d 1.10RTGAGEE shat! qpply to the Cour~ havirg ~~r+sd.tron tl.~reof for the appo~~vmrnt of a Rece~+er, such Cwrt shail
fo~thwith appcint a ~ece~.er of sa~d morrgayed proper~y a!I and singu:ar, indud~~~q all and s~ngu~ar th~ ir.come, p•o1~ts, iasues ar.d revenues from whateve~
seur~~ ~rived, each and eve~y of wh;ch, it be~ng express~y unders~c,od, is Fr~~'uy morTgay~-d as ii spec.ficaliy set forfh and dcauibed "+n the g~anhng a~d
hjixntl~m c!a~ses herwf, and such Rrcei•rrr shaU havr aN the br;,ad ard eii,;chve f~nce.cns ar~d powers ~n anyw~se em:uated by a Cour~ ~a a Receive~. and
s..ch appoin~ment shalt ir_~ m.3de by s~ch Court as an ad~n~!:ed rq~~ry and a mattrr oi absolwe r~gh~ to said N:ORTGAGEE, ane! witl~eut re(erence to the
adryujcy or inadeq~acy of thr va~~e of rhe p~o~r_~ty mo:rgaged or ro the so•.ency or ~nsotvene~ of sa~d RtOR~GAGOR w the defc:Jants, and that such
renrs, prof~ts, income, iswrs snd revrnues sha~l ~ app;~ed 'oy such Rec< ver accwd+ng ~o t!~ lien or eq~it~ of said IAORTGAGfE ar~d the practice of such
Court.
8. To du!y. prompt;y ard {uiiy periorm, d;scharge, execute, effect, corry::ete, comriy w~th aod abide by each and every the stipulations, agr~r~ents, ~
conditicna and ~~,rznants ~n Sd•~ FlU4.1110:p no~e a~~d tfi:s rnorty.age irt forth.
4. That in the evc~t rn~ owr.en~~p of the mortgaged pren,~ses, a any pa+t tt:c~eof, Eecomes vrsted in a person crher than the MORTGAGOR, tbe
:'JRTGAGFE, 'rts sw_cessurs ar.d aSS: jCS, may, wiTnovt no'~ce tu tne ti1QRTvti~~T. dea! wrth suth w<cessor o~ suctessor in :~teresl w~th referente lo this
n c~tgage and the drut hereby src~red in ihe sarr.e mer.nrr as v~~:h or•3agO+ w~~hovt in any way vit:ating O~ d~scharaing Ihe Nlotlgagors' liability here-
~r.;ier w upon the debr h~,:eby secur<d tVO sa+e of the Fre~ ~~ses h_,rby mo•rgaged and r,o 4o.bearance on Ihe pan of the IhORTGAGEE or its successors
o~ ass~gna and no ext~rs:on of ihe time {or the c.ayrrent of the debr hereb~ secured given by the MORTGAGEE or its successon or ass:gns, a~~all operate
ro re!ease, d~scha:ge, mod~ly char.gz or affect the or~g;r.a! tiao:l~ty of ihe N.t:k(GAGOR herr,n, either ~n whoie or ir. par?.
10. it is sp~c:ficr(;y ag•eed tna+ rt-.•e of the esse~~ce of th~s conrract and that no waiver of any obl;ganon hereunder or of the ob}igation so-
c~red Fxreby sha;i ai ar.y tir.;e rn~reatter be Feid ro~ a wa~ver of the trrms hercro4 or of the inst~~meM secured tKrby.
I1. tn 30:I T:•`:1 to •h_ forego ~.g n cn+h!y raY~.-~_nts of p:irc p3f and inr~•resT requ;red by +he prom.sscry ne!e sc:vred hrreb~, mortga~ar eOvenants
ar~d a9r`¢s to Nay !o r+~orr?.:gee ~nrth ~~ach ~:'cn~F~`y pa~:,.cnt ~rt ad~.i~o+»t sv : es~ •~.ared by mOr!gaqee to ir_~ eqvoi fo 1 12 Of t5r :.nnu31 cost Of ihe IOSIOw-
'•'y.
A-All reat property ta.:s irv~:d o+ assesc~~ci ayzt~~ss th•_ a!:ove desc•i4rd :_a~ estate.
o- rre~*.~..•:u on f~re ar.d f,~,~;.,~;•a;,~ ,rsr.a::ce a: i,_re~n r:.q•~:red to i.•~ ca--~,d en tF.~ ,.rovemeats t~te.at~ on th_ above d_scr~bed prerreises.
C-Prr,r~~r..s o~ s.;ch ~r or~~: c:~~ g.,ara :ty ~asora•:;e es rnoctg.~gee shai: irr •r r n~e to n~ne d~-em fit to carry on rhe ioan secvred hereby_
l~rtgagee s^,:i `rc--: r~-~,.. ~o n:re ror!: .z-c~:~;~~r ~.rir:ng of the ar~~•t d.,c and payabEe hertundrr ar.d such s~m sha:i thereu~on be due and
: ayable on th.,• ci~e ce~e or rfie e~+. n., N>yrr.~.;t a~~d e~ch sv:cessive :no~~h tE~erealtc-r ;,r.t~i mcrtgegee shai; r~ot~fy mortga~or of a change in such
.-~vnt. S~cfi su:ns sl _ s f>e aY~.:~,=J i,y mor:~a_;•:e tohard rhe pa~ment af r_>ai ~;~c~,erry taaes, ~nsurante pren~.ums, and mortgage guaranty insurance
r •emwms.
. IY ~'~IiNESS '.':NER_O e sa•d MORTG~GOR has hrreunto ser his h~r.d and seal the day a year Eirst a`oresaid_
ign , aled .d .ni ' the presence of: n ~
G' ~ uz,
t5ean
• ' Cla C . Davis
T-- ~--(SeaF)
(SeaO
l.illian M. Davis tsear,
S~:,TE Of F[pGIDA
St Lucie
C~UPJTY GF _ • ~
C l~ i1C38 C. and
; Befure me personaliy ap~eared 3 ~aV2$
' Li2liat~ Davis h;s w;{e, ~o me wel! known ar~d known to me to be
~ !h? ind;viduais desc.ibed in rnd who executed the forego~ng instrument c~CrtowS~g~d before~ me that they execute~ ehe s~me for the purposes
~ rhe•ein expressed. And ~hx sa:d ~~~~n NI. Q~V1S
+~~~e of the saic C1aL1~e C. ~aV13 i'•'~//
- upon a.fcP,a.~r~a ~je
e.arnfaat~on by me ta:.•_n s•_pa•a:e and apa*t fron h~ +d husband, acE~o~.ledged to and before me tiwt shc exewted said ir.str~.,4ie~,k~lY and v~t!1~f~
t3•:iy ind withpvt an~ c~~ii;u'sivn, Co:~s'rainT, a,r,Fr~qd~ fear of w from he usband. P~~''' N~• ~v J~1. '
lr ~ ~ ~ I
Y~IT!vfSS my ha^.d and offic~al seal this_ ~ _ day of March ; 19 ~3s~1 Z
. - ~
~ ~i.~Lrs~~e~! LLL i , • ~r_ ~ i r.
otary PubGc in and fw the State o! ~rid~t
My ~omm;ssion expires: _ ~ ~
Relurn Tu: t,(~•~ w • ~ ~
~
First Federal Sa~ings 3 Loan Assx~at.on ^ - - r ~~••.,~~~,.••'L~,4 ~.i-
Of io.t P ~:ce . . • ' ;t ~.~,`i r ~ ,
" f ~
Fort P~-•~;e, i~. ,ida • 1"" /,y1'~,
- . _ _ 1'.t~ ~/:tt.i
/ _ 7 - ~ 7
~~Ltc aM~ ~tEG~ROED
This Instrument Prepared 8y R~~rd K. ICayes fL ~UC~r- c,;,uNTr F~~. ~
First Federa! Savin s 8 Loan Association Rti~EF. =~;~TRAS
of Fort Pierce~ Florida RFG~ ~c~ vE''~~~}EP ~q~RT
Checked By , t ~~'~~~'~~'ti
- M~ut I~I 2 s2 PM 73
. gaoK 217. ~2732 ~ 5
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