HomeMy WebLinkAbout2746 J. To placa and c-,~u~nua,sly 4cep on thr bui'd~n~s no~nr w I.rrraftc~ a~~~at~ o~ sa:d ia~x1 r.d ~n a1; ~~q~;p~~~tnl +nd pe.sonaily coYered by ~h~s mortg-
eg~, w:f!~ all presu~rni ~hereon F.~,d ~n i~it, f~~e i~s„ra~;c• :n the ~swi sien:t.+.d po!~p lo~m, a su~~. eHFxc.eJ by ~he MORtGAGEE, and w~nds~am
:nw~ance in tM usw: srenda~d pot.cy tonn, in a sum app~.,.ed by the AtURTGAGFE, in such tp~~Yany or co.npan~r~ aa tM MORfGAGEE may
duect; and all tire a«d w:ndsr~rm insurance pol=c~es en any o( sa~d buiid.~s, ~ny intero+~ ~hereu. or p~rr thrreof, in ~he aggrrga~e sum a(aeiaid w
fn exce» ~hr~ewf, shall cunia,n ~he usua: sr~.~dard ma~gagae urvfe o~ wch orhe~ c7..,~e as rhe Mw~yigre ~nay rrqu:r~, m~?i~~g ~he Ioss undr~ sa~d ~i~
ues, eath and avery, payab`.a ro smd T~1JRiGAGEE as ~~s ~nt~vrsi may ap~ar, uw3 csch and cvery ~uch pu:~cy S~WII ~t ~1tpT~ily ~sa g~~r:f and de~ivr~ed to
a~y he!d by se~d AtORivAG~E aa iunher s_wr:ty to ae~d n»r~geyr Jrbt, and, no~ +eu than ten (!Oi days ~n aJ.a~xe of tl~e expuat~on oi each pol~ty. 1o de-
live? fp said MORTGAGEE a re~xwal N,eirof, tog~?l,tr r`itn • recmp~ fw tfK prr+n~um of such ~enar.a!; a~~d ~here sh~il br na i~re or w~~.d~to~m ms~rance
p~ated on any of aaid buiidings: any intrresl there~n ot pa~t t~~~~oi, ~ntrss ~o the farm ar.d r?v!h the !oss payai~lo ti afore?a~d; a~d ~n the e.en1 +ny s~m i.
of mpnly bKp,mC3 pdyable vode~ s~ch ~i~cy or po+~c~cs sa~d MOR[GAGEf s}~~N have itw ap~~o~ ~o rece~re ds,d e~~ply tha sa~na an acco.,r,? o( the i~~dab~ed-
ness xc~rrd hereby or ro pcrm,t ~aid MORiGAGOR$ ro rec~~.re a~d use i~ a ~•~Y t~a.~ N~a~col ~cr er1,• <<.~~y ;i~s. ...+~~:.a :h... u, u~ a„pa~r-
~~g any equ~ry, I~~n a r~~ht u~dr~ w by vi~tua ol th;s ma:•~age, and ia ~he evem se~d MORTGAGORS st~all for ~ny rcaso~~ fa~! to kcep ~he sa;d premis_s w
insured, q fail to da~~re~ p~omptly anv of smd pol~ues ol insu~ar.ce to se~d M0~:IGAGEE, er fd~t promptly to pay fu~ly any prer~~~~~n ~hercfor a in an~
respett fail to pe~Eam, d~sc~+a~ga, ex.•cute, e~fect, con~plete, con,ply wtth a~d ab:de by th~s core~s.v. or any part harcof, an~d MuRiGAGEE may ptace a~•a
pay :or s;.ch insu.ance or .ny pa~t t?~~reof w~rh.wr wai.•ing a atfrctiny any oi,rr~n, ?,en, r4u~ty, or ri~h~ under or b~ v~~~ue o~ ~his Mortgaye, ~~d the
full amount ol each a~xf eury s~:h pa~mrnt sha:l br ~nmxd~atety due and payable and :hail baa~ inter~a~ fru,n ~ha date t1~c~:.wf u~~~~l p~~d at ehe rate ol
n~no per cer.svm per a:v~cm aiid to~~•tl.r~ v~~:h such u,tr~rs~ stwi~ t:c s.~c~~ed by tAe Len of th~s mo~tgnye.
L to permit, commi~ a wffe: no wasre. :mpa~rm~ro w der~r~oraeion of iaid proprrty w sny parf ihereof.
5. To pay all a,.d aingutar the cosis, cl~aaqes and PxNensea, ~nciudmq a reasona6le attw~ey'e (ee end cosn of a6stracts of t~t!e, incurred o~ pacd at
any ti~.:e by sa~d N.CR~GAv:E, bccause oa in thc erero ol the 1r:Iure or? t1•.e part of ~ha su~d +110RiGAGOR ~o d.,'ry, pro•np~iy and f.,liy perfprm, d.xha~ge.
zxrcute, e((ett, car,p7,te, co~~pty w>th and ab:cfe by each and rvery the stipularrons, aqree~nents, condn:ons, and covenants of sa~d prom~sswy no~e and this
n~ortgage any w e~~he+, and sa.d costs, charges and eapenses, each and every, shaft bt imm`d:are~y due and ~yr~!e; wh~+her w not th<re be no~ice de~
mand, attrmpt to collecl a wA oend:rx~; and the iull amoum of each and every Such pa~n~nt sh~11 L+ear ir,tr~es~ from the dare ehereot un:i! pard •1 the
rate o~ ni~~e F;er cc~wm ~r ~n::., :r, and ol! so~d costi, c}•e:ges e:~d ca;,er~ies incwrrd tx ~:sd, tOy..•tl~rr w~th suth intcsrat, iha~l he secut~d by Ihe lien of thif .
mortgaqe.
b. Tha~ (a) in t~ evem ui any breach of this Nortgage or def~uh a~ tF,e p~.t of ~he 5llORTGAGOR, or ;b~ in the evrM any of sa:d sums of money
herein referred to bC nOf p~prrpfiy ar~d fuify paid w;~hi+; th„ty !3~) de~s neat ain,• ahe an~~~r seceta:ly becur~ie d~t and pareble, witlaut demend w not~te,
er tc) in the evem each and every the stiExr:afions, agree~r.rnfs, ccnd~~~a~s and co.•enenes of s~ d pronassury nu+r a~~d fh,s mo~tgege any or e~ther are not
~uly, p~omptly and I~tiy performad, d.scharged, ex_cva~d, effrcted, comp:eted, co~np;.ed w~rh and ~b~d~~d Sy, ~}n:n in e:fher a any s~ch evem the sa~d ag
gregat~ sum mrro,oned in Said prort~isiory nete then ~enna~ning unpa~d, w~~h inrrrr;t acuved, and ali fnoneys sec~red hereby, s1w11 b..~come due +*x) pay-
eb:e forthw~th, o: rherea~~r~, at ~he opt~on of s3~d A10R1GAGEf, as ful:y or~ comp:ete~y as ii a!i of thN sa~d svms of money were org+ns7ly st~pu0ated
to be paad on such d,:y, anyrh .ng in sa:d premnsory ncte or in ti,is t.'lortgage to the ~Onfrdry not,n,~hsm:ut„~g; arxi tM:reupon oc thereafter at the op~ion of
s~id MORTGAGEE, witnout norr_e or dC~ner.d, s~rt a~ law or ;n eyuity, ehere~ore w ft,erral~er begun, may bE protewted as if aU moneys secured her~by
r~d marured pr.or ~o ~ts ins~itvt.on.
7. Thaf ;n the e.ene :hat at rhe beginn;ng of or a~ any time pendi.:g any su~~ upon fhis lY~rrgage, o. 1o fdeclose it, or to reform ~t, or to enforce
payment of any cla~ms Fere~::der, said'IAORTGAGEE shaii ep~ly to the Court l,av~ng iur:,d.cf~on ~herrof for the appom~mrm of a Recri~er, svch Coun shaSl
Fcr~hwith appoiM a?eceiver of se~d n~ort,yagrd prop~rty atf and Singu;ar, inttud ng o:1 a~sd singuia~ th! mcome, p~o?d3, issves and rrven~es frpm whatever
:ource deri+.ed, each a~:d every of wh~ch, it f,e~„g expressty ~nders~ood, is t.errly me.~~m~rd as ii sFec•ficai:y xt fwth and deunbeJ io the granting and
hjbend~m cta~ses herrof, and w:h Recei.er sha? have ail fhe broad and effecr:.e funv cn; 3r.d po:vers in anyw~se e~~:wnted by a Court to a Receiver, and
s. ch eppoinrmenr snall be rr.ade by svch Covrt as an ad,nn~rd equ~ty and a~~.a:rfr cf a~s~:ote r~ght Io se~d A10RTaAGEE, an~ w~~hcut reference to the
a:+.~q~acy w+oadrquacy of ~he ~atue of tfie property mor~gaged or to rhe Savrncy w~nsoa,~ency o~ sa:d Il.ORtGAGOR or tf~e deta~,Jants, and iha~ such
renrs, erofits, income, iuues and re~cnues ahall be app:ied by wch Recr~ve~ accord~~~g tu ehe :~en or equ~ty of sa+o lAORiGAGfE and the practice of such
Court.
8. To du`y, prompt:y ar,d fuily Ferform, d+s;harge, execute, effect, cum~tere, compl? w~th and ab~de by each aod every the stipc,lations, agretmen:s,
:onditions and tov~nan~s ,n s.,~d promissory note atid th:s martga3e set forth.
9. Tnat in ihe e.r~t iFe ownersn~u of tne r..ortgag~d premites, or any part fi~trroi, becornes vested in s perSpn other tMn the A10RTGAGOR, ine
!~'~ORTGAGEE. ~ts su:cesson ar:d as~~3^s, may, w]ihovt r.ot,ce so t~e NORiGAOR, dea! „vnh wch successor er wctessor in ~nte~est with reference to ~his
Mo~tgage ar.d thv d_bt F.~reby securrd in the same ma+:rte~ as w~tn ~.`,origsgo- v~~ihovt in any way vit:ating or d~x~arging fhe G'lortqagors' liabii:ty I~ere-
vr.der or upcm ihe deo~ nere;~~ sec:,r,d. tvo s3'.e of tl.e Fre~T•~ses h~rebf •~:o~tg.ged ar.d ne to.beara~ce on the part of the IhORTf.-AGEE or ita suceesson
or ass~g~: and no eaterswn o! rhe t,mr fw the payment of Me deb+ he•eby arwrrd given by the 1f.ORTGAuEE or iu successors or au:gns, sSall operate
ro release, d:scharge, modif~ change or a(feU the ong~nal i:ab~i,ry of rhe l1.ORiGAGOR herein, cdher in whe'.e or in part.
10. It is spec+!icatty agrred ~hat time is af the essence of tF.;s to~rract and thai no wa;ver of a~y ob.~ganon herevnde~ or of the obiigation se-
cured hereby shaii at any hme t~creaiter be he:d to be a:va~ver of the terms hercrof or of tF~ iz.strumant secured herby.
1 i. in add~~ioa to rhe icrege ~r~ r..o~~h'y q:aym2nti of p.mc pal and ~nr.~rest requ~red by the promssory nor~ secured her~•b~, mortgagor covenants
a^d aqrces to pay ro m.ortgjaec a.th eath :nonrh'y ;,a~.•:ent an add~reona! w; es'::~ a~cd by mortgjgYe to be eaua; to 1, {2 of tiie annual cost of the foliow-
~ng:
A-AIt real p~ppfrty ta~as !evi_d or assc:sei as.i•,s! tF.~ above desc~:h,:d reat estate_
B--Prec :~•as oo firE ar.~ vrir.us*or:n ins•,:~_: cz as i:~re~n requ:red to b> ca+rf~d en the im;:roveme:tts s[tvaie on the ~bove d^.[ribed p•':rr.ises.
C-Premwms oa such rnwr~ :ga quar~nty ~csvra~~ce as mo-rgagee sba~! irc T~rre !o ti•r.~ deem fit to carry on the loan sewred hereby.
Mwtgaqee s~~'i 'r~,n s~:~e ro T;^.:e nce~f; :rc••:,agcr m wr~r:ng of the _•rc;rns d.;r and payable he~eundrr a~d such w~~ sha:l ti.~~reupon be die and
;~yrb:a on thr dve da~e or ~:,a ,Mxt mpnih.~ paym.,.,r and e:.ch succrss~ve n•.o-~:h +hereafier ~c~;; mcrtgagee sF~all not,fy :norrgagor of a chanae in such
-~:ount. Such s~.ms s'ra:~ i,e app:d~•d 'oy mcr.g;g.~r to-..ard the paymen! of real pro(erty la:rs, mwrance prem.ums, and mortgage guaranty insurance
v~emiums. ~
IN ~bITNESS '::H~REOf, th a t.10RIGAGJ2 has he~eunto set h~s nand a~d sea: the day a ar first aforeuid.
ned, Seated ar.d deiiv r pres e of:
C2- ' ~~c./~ n -
- - obert G. oabs ,~a~
_ , ~
~ (Seaq
~ - 'r ` q
~ STATE OF RIDA y ~ O~bs
li ~OUNTY OF SZ. Lucie ; `
i
~ Betore me penor.a;iy appeared Robert G~ MCCaEbS _ and
i _ - Mary P. MoCo~bs
h;s w;le, ro me weU knov.n a~d known to me to be
; !he individuais c'exritxd in and wfio eaec~ted the forego; instrument, and acknowiedged before me ti~at they executed the same tor the purposes
rherein expressed. And tne sz:d_____~, ~ry {'O~s
~ ++:{e of fhe said ~_-_-_-------~QbBtt Ci~ l~ilr_Cnabs ~ _ , upon a seperate aod private
f ex~m~nation by me taken separase and apart irom her s~d husband, ackrrowledged to and before me that she execuJed said instrument freely and vo~un-
~ '~~+ry and ,y~thovt any COmrv~S~Gn, CGTi~~d~nt, apprehe o ~ar of or fiom hej.sai huy~r.d.
LYIiNtJS my hand and offic:nt sea! this__ " _ da of ~~~iareh ~~~A 6:Kf4 7
' y \ J r~~`A~
I _ _ ~ +ri-
Notary P~b!it in a fot the Slsle S z ~ r,
` My Comrn~ssion expi~es: ~ ` ;
r ~ ~-S ~
` ~ ~
Rewm To: -
• 1"
First Fedenl $avings _8 loan AssxiaL~n f; , ~ ~ ~ ' s'~' ` `
i o+ c~:~ P~•ce. t, i' ~:1::i!', 571~~t~!' ft~,~t
For: P.•~rcc. Fiorda l ~,r,_ s ~~~i1+'*•~ <
~ i~'.: ~ r 1~~.'.
~ . ~ '4i:. d,-.!E G; : ~
; % ~ _ • i
~ flLfQ t.b{ 4t£~TD ~ -
' Gary R. Bllwood sT LuC~~ _,~l_NTT FEQ ,
! This tnstrument Prepared By AGLFr r~.- lu
; First Federal Savings & loan Association RfC
~R f~K "~'r ~ URT ~ 1'
~ of Fort Pierce ~ Rlorida Q =~F~~~ ~
I
; CF~ecked By
i ~ 2 s3 PH '13 -
: eo~c 2~ 0~27~ 249699
~ ab
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