HomeMy WebLinkAbout2738 3. To place end con~7n~.o~a~y kcep o~~ rh~ bu~'J«.~s ~ww or hereal~rr s;:„ate on sa~d la.+d and or+ all rq~iy~nen? and penunaily coYered by thl~ ma~g
~9~, witl~ all prem~~ms ~hr~con f».d I.,:t, f~~e ir.s~~+ntE m ~he us~at s~anda~d poi~cy (or~r, in a s~~n aFproved by tht MORiVAG[~, •nd w:~xlstwm
inswuxe io rna usval i~a«d~~d po:.cy toun, ~ wm appro.cd Ly ~ha 'ti1RiGAGfE, i~ such canpany or cani;an~es +s tne MGR{GAGEE maV
d+~tct; and •t~ fi~s and +hndltorm ~nsur~nce ~oi~c~as on any oi sa~d lti,~id~s, any mter~st the~tin or part Ihrreof, in ~ht ~gqreqare ?u~n ~taet~~d w
io tace.ss ~Aereof, s?~all ;~+r,,;n ~tro wu.~l a~a~~dar~ n,cr+9-+9ae clause or such othe~ t~ouu as Ihe tJbr~yoyes ~nay reyu.~e, meki:g Ue tau ~~cr sad po!i-
c~es, each a~d every, ~~a~o'~tr a sa~d .titJAtGAGEE as ,nr,;,.:s~ ~n~y ap~xa~, a~~d each and ete~y svch po~~cr sh,~ll be pro~np~~y riag.,~-d and detivar..d ~o
~ny hetd by sad MOR(GAGEf as f~r~he~ sewuty to ia~d m•~.~ya~e dabt, ar.d, no~ ~ESS ~}uo tan (10) d.+ys i:~ ad.a~~<c of ~he rapuet~on oF e.ch pol~cy, to da
livt~ 1o said MORIGAGEE a rr.zrwal thrreof, toyr~hai w~ti~ a reca~pt (or t1?e prmn~~rn of tvth r~•+rwal; and thr~e sbad Lt ~w f.+a or w~~~dstorm inauruKe
ptsted on any o) sad tw~id~ngs, any in~erest th~re~n a pa~t thrreol, unlrss ~n ~he fotm ar,d w~th the lo~s paye~le as aforesaid; and in the event any sum
of monaY beca,xs payabie ~~~dr~ s~ch yo:icy a pol,a~s ta,d MURiGAGEt sh.,ll heve ~he oFf;nn w rec~i.e ..~~d epp'y the sa~+~e on •ccovnt o( ~i.e uu~ebtcd-
ne~s sec~rrd hereby w ro pe«nir sa~d tAORiGAGJRS ~o rrc~=i~a and use ii a ony yan ii...:~~of ior c:~~.e i.,,n ce~•s. ...u._..t +i~:•..,~ .r.:~.:
~ng any equ~ty, Gen a r~.~ht vndcr or by v~r~ue oi ~h~s mo~'9age; and in the evem sa~d h10RT ,AGORS sha'1 fo. any reason fail to k~ep the sa~d premf~ef so
;nsured, a ta~l ro da;~ve. pr~x»pUy any of s.~~d poi~cles of ~~,surs~ce to sa~d MORiGAGEE. u!e~! j~iomp~7Ey ~o ~~oy f~~ty any p:r~:~:,,:n eh~r~lw or i~ any i
reapett fail ~o perfpm, J~a:harye, uttutr, eifrct, coo~pi~~r, canply wifh aod .b~<ie by th~s covena:v, o~ any par~ h~rro(, sn~d ldORii,AGEE may piacr a~~d
Qay fw a~ch inauronce or any part 1hr~cof wi~houl •are:nng o~ alfactirx~ aoy opnon, lien, eyuny, or nyh~ uadrr or b~ vur~e of this Matg.~yr, aod tht
t~!! amount of each a~td e.c.y wch f~eymrm shali be ~mrn~.~:ielrly d:x aod pr;,?ble and shall brar inee~rst trcun ihe da~a ther..wf until pa~d at thr ~a:e of
nint p!f CCr.tum ~,y drn~n: end tvacth•_r v~~t1~ w.h intrt~st Sh~i~ ;,c se:~~rd by the I~en of Ihif ff.ortgage.
1. To permit, com•nil w su(fer no v„aste, impairrt~rnt or drrcriorat~on o1 sa~d property or any psrt thertof.
5. To pay atl a~~d singv!ar the costs, char9es and eaprnses. ~oci~d~ng a reasaiab~c ar.o~nry's fee a.~d cosrs of ab»rau~ of tit'e, incu.red or pa~d at
any t;me by aj~d MOR?GAGEE, beca~na cr in ihe rve+~t.of !he fa~lure on ~he part oi ~he ao~d MORIGAGOR to du:y, ptonptly and fvUy prrform, d~uharge.
rxccute, ef(ec~, canptete, conply w~~h and ab:dr by eacti a~d rvery the sti~nr~a!~o~s, agreements, co~d~tions, +~nd covenar.ts of said p~wn~uary note arrd thi~ '
mortgage any o? e~~he~, and s~:d coses, chargrs and expenses, each and every, shaH be imme~~at.ly due ar~d payabie; v.h~~?~er a not ~here be no'ke da
mand, attempt M coUect w suit pend~ng; and ~he fu31 ~cwunt of each snd evvy such paymant sheli bear imerest from ~he date thereol umil paid at 1he
...r o~ nu~r ~r crnt.,~n E,•r o~~„..rn; ~r.d a,~ sa~d cosrs. u~ary~s and r.~p~•nses i.icwred or ~,a~d. togcil~e~ w,rh avch ,nrefest, sh.~ll be sx~red by the I~rn of th~a i
mOrtgeye. -
6. Thal (a) in thr evem of any b~each o1 thia !~Iu+~gay~ o: a:f__'~ r• ~h. oart ot the S!ORTGAGOR, w;b~ the event zny ol ea:d sums of money
herein ~eferred to be no* pro.n~,~ly a+xf fu.t1 ,r.aid wi~ncn ~n:~ty ~;,3) deys nex~ a+e_r the same s.:wno::f ~~~e due and payaL!e, wuhou~ demand o~ notice,
cr tc) in tha event eath jnd every tne stip~ -i,uns, egreerr.rnts. ccnd,:;o~es and tovenants o1 se:~ prom~swiy nota and ~h.s mortgage a~y a either are not '
~uly, prompNy and fu~iy ;~erfa.~r,ed, Ja:i~ar~rd eaewted, eftectrd, canp:e~ed, con,p~~ed with ~nd ab~d~~d Sy, tFwn in e~~her or any such avent the se~d ag-
gregate sum menr;oned dn sa~d prom~ssory r~ure thrn re~aa~re;ng unpa~d, w,th mtrrr;t att~ucd, and a:l r-K;n.:~s secured hereby, sl~all become d~e and pay-
ao,e forthwith, o~ therra~r.,r, at the cpr~on of se~d htORiGAGEE, as fvlly and c.~npfetely ae i) all of tl,e said av.ns of nwnry were w~gina~ty si~pu:ated
to be pa~d on such dcy, any~h:ng ~n sa.d prom;sswy nor~ or in ~his Mwrgage to ~he cor,rrar~ norw~rhsra~~d,r+y: and ~hrreupon or thereafter a~ the op~~on of
sa,d MORTGAG:E, w~~huut ronce or ~rnand, suir at law w in eqv~ty, therefore a thercolrer t,zyun, n~~y be prosecv~ed as if all moneys secured hereby
r.~d maWred p;~or to ~ts instnut~o~.
7. That in the ev-nt that at th~ beginn:ng oi or at any t~~ne pend~ng any su:t uFon th~s M.o-rgage, o~ ro foreclose i~, a to relorm it, w to enface
Faymint of any cle;~ns he~eu~der, said A10RTuAGfE shaU apply to the iourt haY~~•g ~~r.sd.c:iun the~eot (or fhe appouitment of s Receiver, such Courl shall
fcrthwith aµpo~nt a receiver o( seid mortgagcd pro~xrty atI and sirx~~:ar, in~iud:ng alt and s~~~gu~ar ti~e irtcome, proids, issues and revenuea irom whate+e~
source de~:vc-d. each and every af wte~ch, ie be~r~g expressly undersrood, is h:er:b~ n,origage-d as ~f spzc~f~ca!:y xt fo~th and dex~~bed in the g•aating and
~3!.eodum clavses her,,~af, and such Rcce,•.e. aF~ai~ h~ve aI1 the bruad and effECnwe fv~~.t.ons and powers in anyx.se enuusted by a Court to a Recriver, and
s:::h appoin~-r,zn~ shaL' be made by svch Co~rt as a~ ad:nittad rq~ity a+~d a mstter of a~zo'ure rght to sa~d MO~~GAGEE, and w+tbout Ieference to fhe
a.leqvacy or inadequacy of I~r aaloe of the properfy mortgdged or lo the so:vrncy or mw:.cncy of sa:d MORiGAGOR p the defenJams, and that such
renn, prof~ts, incane, issues and rewrnc,es aha11 be app~~ed by sucA Rece~ve~ ac:or,i:rg to the iirn or equ~tt of sa:d MJRiGAGEE ar~d the practlce of such
Court.
8. To dviy, piornps:~ and fvtty perfo~m, d~s:hargr, e,cecute, ef:ccr, co~nptete, con,piy w;~h and abide by each aod every the stipuiations, agreements,
ccnditions and c~ve+~anrs ~n se~~ pro:n~ss~ry nere a~:d th,s m~ngaye set forth.
9. That in the eve~t the owr.ersh~~ of the mortgaged pre:nises. w any part thcreof, becomes vested io a person other than the NtORTGAGOR, fhe ,
ht~R7GAGfE, its succeuws ar:d ass~gns, may, w,ihovt notise to thr N.ORTGAOR, dea0 with svch s~cteuor p s~ccessw in interest with reietence to this ~
mo'lgdg! and the d^c~ hereby secured in ti~e same mo~mrr as wiih l;tortgagor v~ui~ut in any way vit:atir.g or d~tchargir?g the Mwtgagors" liability fiere-
under o~ upon tF+e debt hereby ser~red. No safe of the Frenuses hereby rwrrgagrd tr,d no forbea~anct on the pa~i of the ?AORTGAGEE or its wtcesso~s
or assgns and no eatersion ot ~he rimr•fo~ tkr paymem of the debt harehy sec~~ed given by Ihe MORTGAGEE~or its successws or assigns, a~~all operate
~o re!ease, d,scha~e, mod~fy ~han~e or olfect the or~9:na; tia~.;~ty of the RARiGAGOR herein, either ~n wFwie or in parr.
10. It is spec~fica:ly agreed th~t time is of the esser.ce of Ihis .contraa and that no waiver oi any ob++garion herevnder o? of the obligation se-
cv,ed hereby shall at any tir..e thrreafser be he'd to be a waiaer of the terms hereo! w of the insawnent secur~ t,~rby. ~ ~
11. In add~no~ ro the loreg~'~~ -r.cn~n!y pay.re,;rs of pri^c'pei a.~ ]nr~r~r re~vE;e~ by the prom:ssory nore s.~cured hereby, mo~~gag~r co•renants
a-~~i agreea to pay to o:o-tganee w;th each month'.y pa~r.:rnt an addnional wm est:n:ated 'oy mprrgagee fo be eqaral to t2 of the annvat cost of ihe folfow-
:ng'
A-.11~ reai prop_.•ty t.R~s !e ~~ec', o• asscss:d ,ya,-.st thc ai»vr describe;i rcaf es!~!e.
B- Pr.~:r,~.;•::s oa f~~ a•~d .,dsro•~•~ ~~,sv::rc~- as i:~•r~~ n r,-qv.r~~ to be ca:r~_3 G': :FSC ~.'pY°T,e'1tS s:rvat- on th~~ above d>>cr~bed p:emises.
C-Prrr:u:-s o~ ~u:h ~.or}_;-g~• ,,,.,~,ry ,r.sv~a~.t? es TOt!~d~c'@ sha{1 jrc r. Y:ne to t~ine dee:n f:f to carry on the 7oan scc~recf hereby.
fdortgayee s~.r~i jr~:--, r,•-_~ to ~~e r.c•:fy :rc~ty>g~r m wr:t:r:q oi rhe .~::~o_ot d~~ ar.d p~yabfe heteundrr a~~d scch s~~n shafi thcrzupon be due ar~
; a~abte on !he dv., ra~e oi t~e n_~T :,:o~~~~..~ pa;,,;_~:r ar.~ e.:ch successive rro•:th thereafrcr ui:t;i mortgagee sha!! r.ot~fy ~nortgagor of a change in such
~:•.ovni. Svth s~ms strii oe ac~ :~~~1 ~y mer,g_~~~r ~ov.ard the payment of :eal p.cper~y tazes, inwrance prerrt.ums, and rt:ortqage gua:anty insuranee
; ~miums.
IN Y~iTNESS '.:HcREOF. ~he sa~d h~ORTGAG0~2 has hereunfo set his hard and seat the day a~d year first aforewid.
i ned~ r.d liver~c,+ i the presertr of:
a~
- - - - (SesO
~ ` (Sea4
% Lola I e Gardner ~~ai~
- ,
I S~ATE OF fLORIDA ~
St. Lueie
i ~.JUNTY OF j '
~ Befwe me persc ~lly appeared Re7C l.• ~'a~tZJ1eY aod
' Lola I. Ga.~cdn~z
h~s wife, to me welt known and knowrt to mt to be
rhe individuals described in and who execu:ed t}w forego;ng insirurrxnt, a~d atkr~v,rledged befwe me thas they execured the same for 1~-purycues
; rherein expressed_ And fhe said------.---, jAa,2? I~ ~Zdl1eY • '
i r::fe of the sa~d RmC L.~ Cia,2d1'1@! uPpn b~s~~lor~d,4r'~vate -
~ ~x3m~nation by me ta~._n separ~te and apart frc:n her sa~d huzband, atknowletiged to and befwe me that she exec~ted said iQafrunlE t friMiy ar~ vDlyn-
' .::i~ and vi~tho~t ary compv.'s~cn, ccns+rair.t, apprehLen~yy-pn tear of w ro r said h~sband. ~ ' ;
WiTNESS my hand and o4f;ual :eal th;s_ . ~±7~ day of_ lr' M81~C~1 _ ' ~ • ' ~ ,a ~ ~y''=J$
_ ~ ` i ~ ' r= U'r _ '
S~ ~ -
~ No~ar~ Public in and or the tf'Qf• f id~ et ~ge „
~ f My Commiasion expiresc j F Q ~ ~
Return 70: % • •
' • MATi1Rt~ , f;1~, STAif 6i fI~RlDill at tAR6E
fint Fede~al Se~~ngs S toan Assx~ano~ ~ WY COkM~SSION ~ fJEP1RE$ BEC. 29, 1975
Ot ~c*t Fa
' 8onded Th~u Gener~ tnwr~nte~ UnOerwriters. -
For: r^~cr-~. F,,:•~~a
P Y JOlifl {tl. Coll~ns F~L`~ Ay~'RECOROEO
~ This Instrumsnt Pre ared 8 ST. ttlC1E CO(;NTT FLA.
First Federal Savings 8~ Loan Association RO;E~ i~~~TRAS
CLERK Ci .Ct11' COURT ~
, of Fort Pierce ~ RlOr~dd aFCaF~ r~=~~tEO
Checked B/ ',L~.v_-
• • ~ ~
2 sa
P
H13
. ~~z~ ~z~s
IS
_ _ - - -
. - -
- - - -
. . - ;
~ _ . : . L- -
, _ ~ - ~