HomeMy WebLinkAbout1152 3. To place and coni~nuv.,sly kcep on !i~r bu~:,l.~~gs r:o,v or t.cr~~~fter s+.;nte ~n s.,~d 'and and on ai; ~.;~;F.,,...ni L::CJ f)EISOr13~I~1 co.~,._d by tn~s mortg-
age. w;Ih all pr~n,ivma tii~r,~on d ~n full, t.ra ~i::oi.~•.:r ~n ~i~_ „s.~e; sr~rd.~rJ ~i~cy iorm. ~n a wm a~ N:vrcJ by thc ti';.1R:u:.'v:_ a~,d v~•~ ~:i:runn
msvrancr in thr ~wal S~J1il~J~d No:.cy to~~~i, in a w.t. e;:,,ro.rd by the M._~RTGAGEE, ~n s~th tcmpa~~y or c~~n~:an.rs as thr ~'~:~R1~AGEE mey
dhetl; and aH (i~e and wiiiClStGrm iniura~ce po:+c~cs on dny of sa~d b.,rd.ngs, any interest th~•~ein ut F;e~l tttcrroi, in the a~yi•_got~ s„~n a'toresa~d o~
in excess ~herrof, s~~all cont„~n the usu.:l s~a~•dard mo~rg~yre c~eusc• or such o~her c'eusr as the A~~~tye~re n~ay re;~.,.re, mok~ng thr ~cs, u~~Jrr a, d poli-
c;ea, each a~~d e~ery. Pa,~oie to s~~d A1pRTGAG:E as ~ts ~n~.~asf ~nay app~ar, ;nd -rach a<<u r~e,y such ~::;.c~ sl,,,:i br ~;rcn.},t~y ass9~,~J o~,d dr:~~cr:d ~o
e:~y hetd by said h10R1GAGEE as fvnhar s_wray ro s.,:d n.ort~~~e d.•ur, ar.d, not !ess ihan ~en ~1p1 days in .,J.,nce ot ii~~• ea;.~~,t,on of ~;ch po:~cv. ro da-
Gver to sa~d MQRTGAGEE a renewol thereof, toge~her wnh a recr~pt for the prr~n~~m o( wch re~~r.~o'; a::d tt~~re si~,.t be ~~o f~re o~ w::~ast~•m i: s~ran:e
placed on any oi said bui!d~~~gs, any i~~teres! lhere,n or part ~hercof, un'ru in ~he form and with the ioss f~ay.,i;ie as d~OfCla~d; and in thc e+ent any sum
af money becomes p~y~ble ~ndrr s~ch policy a polac~rs sa~J .titiOKTGAGEE s~~.~ii have ~he c~n.on io rec~ ~ve .~~~d app'ry N~e sa~ne on accoun~ oi ihc inJ~:,f~•d•
ness sewrrd hrreDy or to per~n~t si~d ~AORTGAGORS to recr~vr a~~d use it pr ~ny ~h~•~.•01 ic.r or~:• r;.,,:; th.•, _r .
ing any eq~:ty, I:en or r~3ht wtder or by v~rtue of this mccegage; and in the evrm sj d MU2iGAiiORS shs'I tor ~ny re:~son fail to kcep ~he sa~ci pren::s:s so
msured, o~ fail to de!~ver pro~nptly any ot sald Fwl~u~:s cf in:wanre to sa.d A10P.~GAGEE, or fd~: ~;GtnNti~ to pay f~!ty any pre,,:,~•n rhr~ctor or ~n any
respea f~'e! to perform, d~scharye, execuie, effeu, con~p:ete, conply w~eh and ab~de by thls covanan~, or any p.+r~ h,reoi, s„~d A',tiRT;,AG_E ~~~ay p~ao• a o
pay for such insurance or any part ;h~~eof w~tho~t ~vaiving or aficc~ing any option, lien, BC,U~1~/, or n~ht undar or b~ vur~e oF this t.twtg~ge, and tht
~u~i amount of each and every sv:h payrnent shall F~ ;mmrd~ately due ar.d payable a+~d sh.+ll b~ar intcrest irum the date tF;~rcof ~~~!,1 p„~d at ti~e ~ate ot
~~;ne per cenrum per annum end t~, ~r;h, r v.~rh suci~ im_-r,st ~h~~~ be s~~cvred by the lien of this mortgayr.
1. To permit, tomm~t w suFfer no waste, impairr:~ent o~ deter.orat~on of sa+d property o? any part thereof.
5. To pay a!I and singular the costs, charges a~~d expe~~ses, hulud~~~g a reasonabin attorney's fee and cc;ts o4 at:srracts oI tit!e, incur~ed or pard at
any tin,e by s.,~d MO4TGAGEE, b<cause or in the evenr oF ihe fa~lure on the Gar~ of ~he said MORivAGOR to du~y, pro„ptiy and f~~iy p_rforrn, diS~~~~rqe
>xecuTe, efieU, co~nplrre, cani:ly w~~h and ab de by each and every the stipuEanons, agreiments, tond~t~o~ts, and covea:a~~TS of sa~d p~o~n„scry ncte e~~d ii~~s
~:ortgage any or e~ther, and sa:d cos~s, char9es and expenses, each and every, shail be immrd~ately due and payaLie; wh~•sher or not fhere be no~~ce d,
mand, attempt to talett or suit pe~ed~ng; and the futl amount of each and eVe~y wch payment sha!i bea+ intcres~ from the date thereof umil pe~d at the
~.ite o; r:ine uer c~n;um F:..•r on~~:. ~nd au said w~ts, cY,arg~s and Ex:.C1:SfS ~~~t~ned or paid, togcther wAh wch ~nteirst, shaif be Secured by the l~rn of th~s
mortgage,
b. That (a? in 1he eveM ef any brrach oi fhis Murtgaga or de.'ault on the part oi the :~'•ORIGAGOR, or ;b) ;n thr event any o( sa:d sums of money
herein referred to be not pron,ptiy and futly paid wnl~in th,rty ~3J; d~ys nex+ arr.-r ~he sa~ue sefera':y Ceccne d.,e and pay~b?e, wnhout dc~nand o~ nat~ce,
or (t} in thr event esch and ev~ry the shpu~arons. agreemrnts, ce::d;r~ons ~nd covenants of sa d prom:ssary iiot~ and th.s n,ortgagz any o~ e~ther are not
~uly, pro~nptly and luily perfo~mzd, d sctiarg,J, ewecuted, elfected, co:np~eted, co~~~Ni~ed YJI!h and ac~d,d 5y, then in e•thei or any s~ch eve:~t the sa:d a~-
gr~gate sum mentioned in s~fd p~o~nl;sc~y n..t~ then rema~ning unFaaid, w~Ih ir~tr:r,t ~ccrued, and d:l mcnr~s setwed hercby, Shel~ beco~»e d~e dnd pa~-
ab:e iorthwith, or therea'ter, at the oi>~:on af s,~d M02TGAGiE, as fully a:,d cump:etely as ~f a~! of ~i+r s.,:d wms of money weie o~:g~na:ly sY~p~:aTC•d
to be pa!d on such day, anyth~;ig m sa.d p~e:nissory note or in this Mortgaye to ihe corrtrary no+.ti~~hsrar,d~ng; and ihere~po~ or thereafte. ar the opr.on of
sa~d MORTGAGEf, w~thcvt noKce or demand, suit at law er in eyudy, th~:efure or therraisrr beyun, may be prosecuted as if a!1 moneys secured hereby
nad matured pnor to ~ts inst~tuhon.
7_ That in t!.e evrnt that at the begin~:ng of or at any nme pend~ng any s~~t vaon ~his Mo.tgage, o+ to fo~eclose it, or ~o reform it, cr to enforce
~ayment of any cio~-ns hereunder, sa~d ~'ORIGAGEc sha!+ apply ro the Cou~~ ha~~ng +u:•sd.r..on ihereo! fer the oppo~ntment of a Rece~ver, such Co~rt shoil
fcrthwith appoint a rece~+er of ssid mu~tgayrd property al! and singu:ar, inc:ud ng ~;i a~:d s~~~g~:a. ~i:e incen:e, prol~ts, issues ar.d rr.•en~es 4rom whatever
s: vrce derived, each and every of wh,cfi, rt i,e~ng eapress'y undersrood, is Fr~<oy merrgag.;d as ~f spec.(icat!y s:~~ for~h a~d descr7beJ in ihe g.aro:n~ ar.d
hahendum davses hereof, and such Recel~er sha;i have au the broad and effec•:~e fun;T.c:is and po.,ers in anyw~:c entru<ted by a Cov•t to a R~~c~~ve:, a«d
s~ch appointment Shal: be made by such Court as an adnittc-d ~q~rt~ a~id a ma~re~ of a::soiute nyM to sa~d Mi)2iGAGEE, and v~r~thout reler~nce te the
adequaey or inadeq~acy o~ the valve of fhe propeny morf;~Uged or t~ the sc ~ency or ,n;u v<ncy of sa~d NtORiGA~OR or the d<fe~,denrs, and ih;t wch
rrms, pro4its, income, issues and revenues Shali be app~~ed by such Rec~~irer zc.ordu~g to the iien or eq~it~ 01 said /J1U2iGAGEE a~~d the practice of scth
Courf.
8. To dufy, F~omNN.y and ~u:'y perfcr~,, d~scharge, execote, effrct, corri>fr!e, co~nply with a»d abide 6y each and every the st~pulaticns, agreemrNS,
conditiuns and covena~~~s ~n aa:d pre::,~ssor~ nc~e and ~h;s a:::rrya3e s~_t forth.
9. That in the evem tF.e ownership of fhe mortgaged v;em:ses, or a:,y pa~t thercof, 6ecomes vested in a person other ihan the MORiG~GOR, the
h'C`,RTGAGEE, i+a successors and ass~gns, may, w:thouT r.ot~ce to the MO~ZGRCR. dea; tvrth suth wccessor or successor ;n ;nte~esf with rzferer,ce to this
n o-tgaye and the d_ut hereby secvred in th~ ~ame nunncr as w~th ktortga~or w~~h~ut i~ any way vit,ating or d scharging :he I.torrgago~s' liabiiity her~
urder or upon the deb+ here;~y se.vr;•d. No sa:e of s1,e F~em~scs h_reb~ mortgaged ar.d no forbearance on tne part of the rAOR1GAGEE or its succrssors
cr ass~g~s and no exrer.s;on o} rhe ~.:ne Eor rbe ;.ryment of tt:e debr h~.eby secured g~ven by the M02TGAGEE or its succeasors or ass~gns, a:~ail operate
ro re~ease, d~scharge, modify changz or affect ~he a~g.nal l~aa,i:ty of the N,ORIGAGOR t:ere~n, ei!ner in whole or in part.
10. It is speuficaily,a9re~•d ~ha+ ti•„e ~s of ihe essence of th~s co~~tra.t and thaf no waiver of any ob::go~~on hereunder or of the ob'.~gation se-
c~red hereby shati at any fin:e thar<a!rer be h_id to be a v+e~:er of th~ te~ms her~of or of the i-~strua~ent sewred he•by.
11. In a:id?;cn to the forego i7 ..,;nth'y F~ay:n,nts oc , n,c ,.a~ and inre-es! req~l~ed by thA `rom sscry no'~~ sea,rzd Rl"~`F~/. R10[Igagor eovenantz
d agrecs to pay to mcrtgagee v~ith ra:h i: on•h y E,ayr.,~nt ar ocl~'~nonal su~n est ;r.ored by mortyagee to be eguai to 1 12 pf tl:e an,~u~l cost of the folio~n~-
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A-All real proper~y rax~s iev~_a, o- assess_.i ~ge~ :sr rhe a: ore desc.;~,~.d r.a! esrate.
B-Pr~n.~u~os on fire ar,d windster n~~,su~:~ce as i~•~re~n n~q~,red to be tu-~•..j en the ,.rcve-ne~+s s:tvate en !f~~ above doscribcd prem~ses.
C-Prem:u^:s o~ svch mortgage guar.,_;!y ~~:wra~ce as n~ortgay-•~ sha~l ir_•~: t.^~e to t~~ne deem fit to tarry on the loan scc~~_d hereby,
Nortgagee sha'1 'rcm tim~ to r:^~c no~~t; mcrt~ ~gor ~n y,ritin~ of the a^~o~~t dr: ar,d p~yabte hereund.tr and s:.~ch su~~ sha;t thereupon be due and
t.jrah!e on the d~e oo!e of ~ho r~•xt mo~th:~ pay-r.ent and each successive rronth t:^.ereafter ui:tii mcrtgagee Shall notifv r.:ortoagor of a chanqe in s~ch
ov~i. Such su ns s~a.i be a~i.!~~J b~ mCrty<,~ TOV~ l~c~ tne p:aymen; of r~•a: pr;;Ferty tares, insura,~ce pren,:u:r,s, a~~d rncrtgage guaramy insurance
D•emium5.
IN L'JITi:ESS :"IHER~OF, th~ sa~d h10kTGL.GOR h~s h~reunto set his h3rd and scal the day ar,d year first a'.oresaid,
Signed, Sealed and de~ivered in tne presence of: ( C
i It. ~ _4y~Z~ tG ~ - ~ (Seal)
L (S~al)
~ J
~ - (Seal)
_ - -DQi] a $liz!] (Seap
y SiATE OF fLORIDA 1
~ ~OUNTY OF $t. L~C 1@ _ ~ ~
a Before me persona~ly appeared .~a~5 r' . BUS~1 _ and
~ _ ,_`_~[arv Jane BUSt1 his w~fe, to me well known and knovfn to me to be
the ind:viduals descr;b~ in ard who executed the foregoing instrument, and acknowtedged before me tt~at they executed the ssrne to~ fhe purposes
i th_rein expressed. And the said__ __._~~}L._.ZaI1Q BuSj] ,
r:~re of rhe said .Jd1a@5 F, BUS~l ~Fon a separate and priva:e
e:.am.~nat:on by me taken separare and apari 'rom her sa~d husband, acknowledged to and befo~e me that she executed said instru:nent freeiy and vo:un-
~ taniy and w~thout any compu'sion, constra~nt, aprrEhens.on, o? fear o/ or ir~m her said husband.
's
~ W(iNESS my hand and oif;c~al seat this _ 315t day 11St p~ p 19 73
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_ L 77 C ( cr ~•.~:~i' -
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Notary Public in and for the State of fioj~da~•~t` ~ g~~~ '%j~
, My Commission expir0s: t ~
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Return To: ~ ~ . a
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First Federa! Savings d toan Asscdat:on ` ~ ` ~,1 -sR . =
Of For? Pt:rc~ a•''il~,~•-a~~'~ ~,f~'y: ~
Fort Pi,-ce. Fi~: Ja . :.4f •y* _ . _ -
~ ' . ~ • ~X~~, ?•d'ii. ~f -
{ / ~ ~ ~ ~ , ,i,~~ T 1 v~ ''r . -
' This Instrument Prepared By Gazy F. EllwOOd -,1
; First Federal Savings 8~ loan Association AM4 A( ROE ~ - -
; of Fort Pierce ~ Florida S~'~~~ER
Fbi~ll~~~~~ i~ /
_ ~ CIERK G~~Ct!{T COURt
Checked By pfC4P~~ YCF.t~1E0~
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~ ~.:kr 219 F~c~ ~,15 Oct 5 I I 26 AH'~ 3
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