HomeMy WebLinkAbout2740 J. To p:ace a+~3 confinv~~s~y tc^p on ~tsr b:,+:,l~r~~s rtow o~ l:ee_after a;r,~s~e on s~~d land and on e11 c,~~p„~en? and pcrionally covered by ~his ma?g-
p~, with •!1 prrn,iums ?hr~ra~ pa:d ,n fu:l, f~ee inurs•ue ~n ti~a ~sw{ ats~.derd ~o:~ty fwm, in a Sv~n ap{uo+ed by ~t.e MUR~GAGEE, and wi~~di~am
inivranc~ in the u~~al sra:tid,r~f F.uLCy for~n, in • ~um ap+vo,ed by ehe h~ORIGAGfE, in sucA co:~~pany o~ uu.+pan~es ?t tM MORIGAGEE may
d'uet1; i.~ all G~e and wlndiTC~~n inswa.~ce po?~u~s on a:y of sa~d bu~td~nyi, any ime~es~ thertin or pa~t thrawf. in th~ aggreg~~e wm afo~esaid p
in tateu Ihereof, shatl wnt,,in ~ho us~a1 n:a~:d~tJ mo:~gagra cia~se or s+,ch o~Fu~ c~~use as the iAw~yayee ~nay ~eq~.re. ma?~~p the lass uncle~ s.+~J poli-
cies. exh a~~d e~ery. pa~e:~~c ro sa,d ~NRI:,.~GEE a~ n~ ~nt_r~~~ ,~~eY appear, snd each and r~e~y svcA pu!~c~ s~atl be p~orop~t~ ea~ g~rd a~•d deG~e~rd ~o
any F~etd br sa~J A10RI~AGfE as ~~~rher sR:wr~rr ro satd „~w~yo~e d<nr, a~~d, not tess ~han ~en (!Ol days in ad.~~.ce of the e¦pue~~on of each polrcy, ro dr
Gve~ to said MORIG.>GEE a:N.ews1 ~iu.rof, ~~ge~hr~ w~~h a~ece~p~ fw thr prrmi~m ot svcA ren~,7al; a»d +Me~e ahail be ~w+ i.rr or winds~or~n ins~rance
p~sced on soy o1 ss~d b„iid:~.gs. any intr~es~ thereae a peu thrrcwf, untrs~ in ihe form snd with ~he loss pay,,ble .e a4aeseid; and ir ~he e. ro1 any sum
of mpney bcco~nes payo~:e u:.drr s~ch F.o:icy o~ pol~cies so~d h!ORIGAGEE ak~ll h~~e ~F~ o~:e~~o to rrce~ve ..~~d appty ~ha s..~.~e on account u! ~he i~~drblrJ-
ness secured herc4y or to pe..+,rt ~a:d MORiGttGORS to recr.ve e~:d use U or ,;ny p~~rt ~6...~uf for c~:~...r ~.w.::scs. ..rti wt ih e~: ~a~.~.~~ or ~n:aa~r
~ng snr equ~ty, Ilen o~ ~~ght uodrr a by virt:m of th;s n:o::~rge; and +n the event sa d MORTGAGORS sAa? to~ any reaso~ fa~l fo Iaep ~ne said premisa~ ~o
inswad, or fail ro deLrer pr~npfty ar.y of s.ad pol~ucs of insuru~ce to sa~d MOQiGAGEE, a f..i~ ;xomptfy to Nay iwly any ~re~nw~u ~ner=for o~ i~ anY
respect tai: ro perfam, ai~s~harge, ea~urr, eifea, canpirta, comply •xi~h a~~d ab~de by tti,s cov~~~en~, w any pa~t I.e~rof, se~d MvRiG.~GEE may p~sce and -
pay (or s~cl+ insu~,nce w a~y part ri,rreot w~~?wut waivirg w atfeaing any oytion, Gan, equ:ty, or r~yhf undrr o~ b~ v~~rue ~f ?h;s Matgage, and the
+u!! amovnt of esch and e~ery s~.!+ pay~o~rnl shall kr: ,m~nrJ~etely dve and payal.ie and shatl baa~ interesl f~om ~he data the:rrol until pa~d at Ihe ~ate ol
n~nC p!r centum pNr e~~n~~:~ a,.d togr~r.-. v,~rh w:t~ :n:~-'~sr ah~l~ t ~ s~~wrrd by tF~e Gen of th~s mvr~gege.
1. To ptrmit, Cornmit or s~ifer no v~aite, impairoient p dctrr;ora~i~ of ~aid proptrty w any part therro(.
5_ To pay all tnd sing~iar tM casts, charges ard rxpe~ues, ind~du~ a reasonab!e atrorory's fre ar~d costs of absrracfs of ~;t~e, int~ntd w paid a1
any time by said A1pRIGAGEf, becavsr o~ 3n the event oi tM fa:;ure th~ pa~t of the sa~d MORiGACaOR ~o d~ty, pronp~I~ and fully pcrfprm, datharge,
:xeco~e, e~fed, canp;ete, cwnpty w~th and eb.dr hy ea:h and evr~y ihe sripula~~o~s, agrPw..~n~a, tonditions, and cove:unrs o/ sa~d promiisory rwte aRd rhi~ ;
mottqaye any ot e~thcv, arw sa d costs, cha+gas and expenses, each and every, st~.11 br immrd~atrty due and payabl.; wh~rher w not ~here be norice d~
rnand, atrempt ro co+lecl or suit pn~d:n~; and ~he f~11 a~iwunt of each and ev~ry such payn~nt sholt bear imcrest from the date thereot until pa~d at 1he
rate of n~~x per c~n:~.n ;•rr an~~u.n; on~ ~:i said cos+s, ci,argzs end t.{:~~~ses inc~rred o~ por~+, tay~tt~e~ ~v.th such ~:,rrrest, sha:l be sec~red by the Gen of th~s
Rwr~gsge.
Q Tha1 (a1 in ~ha evant af any b~~•ach of this Mortgage or deEa~lt on the pa.c of the :dORTGAGOR, w(h) ~n the evrn! any of sa:d sums of rtwney
herein referred to be not promptly a~w' tuUy paid wnhin tnoiy t38! days nex~ ar:•_r ~he same sc+~uro :y Leio.Tie ci~e and payaLte, w~rlwu~ drmand or no~~ce,
e~ in the svent each ~:~d e~e~~ thr snpu:aaens, agreea:t~~ts, cond~s~or~s and coYenants ot si J~•ro:niasory r,otr arKJ th,s mortgage anr o~ e~~he~ a~e not
~~ly, prumptly and i~i~y ~e~lurmrd, J,i:na-g~d. exrcut~d. eifec~ed. campleted. tompt:ed w~th a~:d ao~ded Sy, then in r~th~r w any suth event the sa~d ag-
gregate sum ment:oned ~n sa.d prorn;ssory ~ra~e theo ~rma+n~»g unpa~d, with inter~;t acuurd, and aN rTroncys setured hereby, sAalf b~.~come due and pay-
aD:e forthwith, or rherra:t~r, at fhe c+pnon ot se:d SSv~iGAGEE, as ~u~iy and comp:ete:y as if alI af et:t sa~d sums of money wert w~ginatly snpula~ed
!o be pa~d on such day, anyrhing ~n s. d ~:rcmasory nose or in this Mwtqage ~o the conr.ary norw~rhsra~~d+:~y; a~~d +bc~rupon or thereafter at th~ opt:on of
sa:d MORTGAGEE, w~rho~t nor~ce o~ dr::~a~:d, s~a a~ law or in equuy, fherefore w tt~creait~r ixgun, nwy be proartutcd as if a!I moneys tecured hereby
nad matvred p ~w to ~ts ~~tii~t~uon_
7. That in the e,•rnt th.~t ~t ~he bzginning of or at any time pending any sv~t upon ~his Mortgage, or to foretlcse it, or to relorm if, o~ to enforce
p~ymtnt of any c!e~ms hz~evndar, aa~d INORTGAGfE aha~i apply to the Ceurt haY~ny ~~..~d.~i;c,r. ehereof fw ~he appo~mment of a Receiver, wch Couri sFwil
forthwirh appoins a receiver ol ss~d ,nortgay.-d prope~ty all and sin~vlar, in:;~d~ng atl a~~d su~gu~a. the ir.~~n:e, pro(us, issuea a~d revenues from whateva
s: ~+ce drrivtd. each and every of w}~ ch, ~r b•~~ng exp~ess'y unde~atood, is Fere~~ mor+gig•,d as ~t spec~fica~ty x~ fo~~fi artd d~xrit,td in the gramin~ and
habendum clavses her~of, ar.~ such Rrceiver sh~ii have ~II tFe broad a~d eifec~~ve fur.u.or.s and powers in anyw:s° enu~sted by a Couet to a Ret.:iver, a^.d
s~ch appointmr~n shatf be n,~da by svch Cocrt as an ad~~~nrd equ~ry and a mattzr of abso~ute rigl~t to said MURIGAGEE, ~nd withcut refe~ence to the
edequacy w inadcquacy oi ~F:e vaiue of the propart•; nx>.tqoged or to i't~e savrr.cy or ~nso:.ency of sa~d MORtGAGOR p I~e defendants, a~+d that such
renrs, profrts, incorne, isaua~ and revenues sn~il ~ appLed by svch Rec~iver ac,orJ~~.g to ~he ;ien w eq~~~y of se~d MURTGAGEE and the praciice of such
Cour!,
B. To d~ly, promF•Ny and ful~y pertor,n, v~s:harge, execute, effect, curr~frte. comp:y w;th and abide by each and every tht stipulations, agr~rnents,
ccnditans ac~ coveuan;s ~n ss~d promisswy no:e e:~d th:s morigaga set fo~th.
9. Thaf in the event Sh~ cv.n~rahi.~ of the ~nortgag:! prenuses, o. any part thereof, L~coa~es vested in a peripn other than the AfORTGAGOR, the
r.~~RiGAGEE, ~rs su:cessc_.s ar.d as5 ~~s. ~..+y, ,.,:~'r•o;;e r,cc;ce to ihr n'.ORTGAOR, deai ,,,~tn wch successor or wccFssor m interest v~i~h reference to this
mer~gage a~~d the uc~b! F~e:eb~ s4curzd :n the tarnt mannrr as wi~h J.:or;~agor w;tho~~r a^y ~yay vit:ati~g o~ dachat~ir.g the Nbctgagors' liability her~
under o~ upon the debt he~eb~ sec•~..~d. No sa,e ct +!.e ~r~.~uses h~•rebf +±:c~tgaged ard no forbearante on ihe pan o1 fhe l.~ORIGAGEE or iti successors
o+ ass~gns and r.o extens~o: c' =hc '~~r.e fo~ ~he pat~r.e.,f o} the d~br h~~.e~Y securFd g~ven by the N.ORiGA~EE or its wccessors or ass:gna, a:~aH operate
ro re~aase, d~scharge, medlfy cna~:ge or ariect the c:~~ma1 liaulLty of the N.pRiGAGOR Furein, e~ther in whole or in part.
10. N~s spec~ii:aliy ag-eed rhar t~me is cf the esser.~e of this cont~act and that no waiver oF any obltgarlon hereunder a of 1he obJgation so-
cured hereby sha~i at any nme tn•_r_-aFter t;P t:<ici ro be a we~+er of fhe terr.u hercrof or of the insr~ument sewrtd herby.
11_ In a:id.r~o~ eo tt:e iorrc:o ng month': payr~~ems of princ pal and interesr re~u~red by !he piom zscry noie secorrd lhrebt, mortg~gor eovenants
and aqrees ~o pey te :r.orrg.•~ce ~nnh eecn r~o•.~h:y F,a~n:e:u an add,r,on~i a.::n es~ ~:ated by mo:t3ayee to ix equa~ to i, 12 of the ann;;~! cost of the foJlow-
; rtq:
A-All reat propr-^~ r~,ces Ie~.~•_? o• aszc•v~d jga;:.:t the a}:ove desa~bcd rral ~state.
B-?r~:-.:„ns o~ ~r;d w,r.~+;to-.~: uz:~„rcc ~s i:c.•c~,~ r:~~..~ to be ca•~lyd on the :mproveme~ts s:ty~te on the above d=seibed premises.
C-Prer.,~u~•n o~ sucn ~rortg~ge gvaranry r.s~na~.ce as mo~'gaoce shall frc.h t me to i;me deem fit to tarry pn ~ise ioan secured hereby_
Mprtgagr^ s^,': iro-,~ n, t.-:~ ~on ,.rc~rya3.r ,n w.h;ng oi the a.r:o~~r c:~~ and payable herr~~drr and svch sum shaif thereupon be due and
~_ayable on th.; u,;~- o~•.~ o; r.'.• r•.-xt ~ro:,th f~:~~~r.,,;~t a.+d each s:rccess~ve mc~::h ~h~~reafrer ur.til mcrtgagee sh,~ll nohfy mort9agor of a charu~r in Such
a;^o~nt. $~ch su:ns s! e.~ be o, ;.'~e~i bl mor:~ag.~e, ~~:.a•d ti:~ pa fn.ent of rea! p~ope.t~ taxes, insurance prem.~rr~s, a~id mortgage g~aranty insurdnce
premiums.
IN Y~ITNESS `:lH_R~OF, the sa,d MCRTGA'vCr^. hai hereunto se~ his har.d and seai the day and year first afaesaid.
~i9 ed, Sea!ed ar.d '~v r~ in the presence ot:
- - ~ _ w-.~..! 7 ~aJ --(Sea4
~
R°bert w csesq
,
4 ~j°~ 1 csea4
- - - Wilene M3 Ward (seaq
~I Si;aTE Of fLORIDA
~ St. Lucie ~
~~us~rr o~ _ _ _ I
~ Before me rsor.a:; ~ Robert_D. ward ~
~ F° r aae~~zd ,
_ Wilene M. Ward - .
j - his wife, to me wetl Enolivq~Ahd~kiti~4vq~p~~ b be
rhe ind;vidva~s descr:bed in and who ex~-cvred fhr foregaing instrument, and acknowk~dgecJ befaa me that they eaecuted. ~,~aw~.(or ii~~~trposq~.
~ Wilene M W
i rhere~n eapressed. And tne said~ i_ aT(~ ' '
j ~~i(e of the sa;d --R4~Z~_ WaYd, ' ' !•L~Q ~ e:t~erele ~5n~#ivate =
4 e*am~nar~on by ma taken sepa~ate and zpart frcm Fwr sa~d husband, acknon•ledged to and before me that she e.:ec~~d said ~itre~went (reeiy ~n~ vD~-
rar~:y and w+tY~o~rt any coTp~~s~cn, tanSfrainT, epprehEns on, pr fear of or fr~m her said hvsband. ~ ' ` • ~
1YlThfSS my hand and offit:af seal this_- _
13th _ day of_ Ma]CCh _ ~ ~ :
F"'~~~ ' 1 • " ~'i~'
` /
- ;-LS 1 ~n - , - ~ ~ . .
tJotary FubGc in and fo~ the SD~§,~f ~tqr' ~ ap tLrge .
Rerum 70: My Comm~ssion expires: r~.,,,
first Federai Sav~~ys 3 lo~n Aswna::on A~f r~~~ d~pp~p~ ~t ! ARG~
or :~•t r...~.. IRY COuI~~ISS10N EXPIRES SEPT. 2S. 1611
F~~: ~~_-•c~•. r:_.~::,.3 Baaed Bp M~sriao 8~nkas I~unnc. .r.
; This Insirument Prepared By Richard K. Kayes ~ FILE~ av~ Rt~Jp0E0 1
first Federat Savings 8 loan Association ST. ~~UMT~ F~A.
of Fort Pierce ~ Flo7[id~? ~~~'RAS
CLEFK (,,;;;,~~T C6URT
~ Checked By PE~~-_ •rc-~~:~~p~
j
M~ I~I 2 s2 PH'73
BOOK211 PAGE273~ -
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