HomeMy WebLinkAbout0198 3. To pl,~ce and :ontinuo.,i.i l~eo on ti~e L•~~.l~:.gs r~ox cr 4,rresftcr i~n~ate on sa:d land and un aC rq„~p:+~ent a~:d persone:ly tcvrred L/ th~s mortg.
n:3e, w;th ail prCn.iu~n3 Ihrreon E,,,.U ~n fuii, f,re ~~:s~~a-.t~ ~n ~h_• vsva: 5!3r~dr.d po•~Cy form, in a S~~n dHprovrd Uy the iL~,.iR;v:.'v:E. ar:i ~n~^ci:ewm
.~~s~rance in tha ~wat s+anJerd pu..cy f~-m: ~n a sum ~F~~co:rd by ~he f.10RTGAGEE, in s~ch co:~~pany cr co~»; .~r,;es as ~he ~:,OkT~,AGEE may
d~irct; and all fire ar.d v`.ncb~onn ~nsu~a~ce po!:c~vs on a~~y o1 sa~d bui~d,ngs, any inreresr thereir~ w part rhrrecf, in ~he ayg~•:gote afo~esa~d or
eacess thereoi, ah~li -onr.,~n tF~e us~a~ st.:,eL~d morig,yre u„use or such other c!ause as tlie Mortgagee may req~ue, rnaA~ng ~i~..~ :.ss unde+ a..,d poii-
:~es, each and evrry, pa~,;;, e to sa~d A1uRiGA~_EE as ns ~ntcr,;st ~nay appe~r, and each and every av:h po:~cy shalt be promptly ase y~~rd e~:d dr:r.o~.~d to
any he~d by ss~d f.SORt;;AG.E as furtner sec~rhy ro sU~d n:ortg~~e debf, ar.d, not !esi ~han ~en (10) d.+YS i:i aJ.a~ue of the ?xH;rat~on ot e~ch po!.cy, to de-
lrver to said A10RTGAGFE a renewol thrrcof, ~o9e~her .~ith a~ece~Nt ior the prrm~~m o} such renrwal: and thrre st,ail be no f~~e w a,~n~etc•~n i~svran:a
~,laced on any of sa:d b~~!d~ngs, any int~~rest Ihe~e:n"pI parl thercof, vnless in rhe form and wdh the loss payaule as alcres~~~d; and in the e+rn1 any wm
~r menPy become3 pa~:,L~e u~,der wch po~icY or po!:c~es s.~~d h10R~GAGEE ah.;ll h~ve ~hr e;:!.on ~o rec~•~~c and apr!i ihe so~~~e on ac:o,m of ~},e ~~~d.•::~~~d-
n..ss Sec.rid hireDj or ro pr~. ~n s,~d 1.1uRTG:.GORS ~o re.~~vr end use it or a~~y p_~~ n,.-::,of tc~ o::,• r~.,,~; .;s•~s. ::.rr
any tqu~ty, I:rn ot ng'r+! unc:.~r or by v~rJ~e of li~~i me:ryayc; and m the ev~-nt ia~.d h10r~!GAGORS Sh.,!1 lor any r~eSOn fail to k«~~ ~L•e ss~d pr.;rnia~.~a so
r,surcd. or fii! to d~ ~vCi ~.~omptly a~~y Of sa~d pOl~ties oI i~~su•aniP to sa;d /.10R1GAGEE, cr fac p!on~iitiy to pay f~;ly any Nrrn•~.,m tii_rrtor or ir: ,~,iy
rrspect (ail to pe~furm, o:s:ha~~e, r¦~~<urr, ~(~ect, con~p~rh~, co~~p~y wirh and ab~de by th~s coven~o~, or any part he~rol, in,d f1!t,Ri,;:aG'LE m„y p:ace a~a
~~~y for suth irtsur~nce cr any parf tii~rcof w:the~! wainng or affr:ting any ophon, iien, eyu~ty, or r,~h~ ur,~~r o: 6y vi~t~e oi tV~~s ~.~o~tyaye. ai~d thE
t~.!i amovnt ol each and etie~y such pay;~~~~nt sh311 bo in,~neJ~ately dve and parat~:e ar.d shoil b~•ar i~rerest ~fGRt tha d,,te thcreof ~~,iit p..~d at thr ra:e ot
..:~:a par Cdntu:n pe: an~~u:r. ~n:1 tu3~-tte:~r ut~irh i~:ch inter,sr ghal~ c.e S:wred by th~ lifn of ihis mOr~gage.
4. To permit, commit ot wf(~r no wastr, impairn,ent w deirnorat~on of said property w. any part therrof.
5. To pey all and s~~gvtor tha cos~s, charges and expenses, inciud;ng a reasonable attor~ey's fee and cos~s oi abs!racts of t~~~e, lncurred or pa:d at
,ny ti~r.e by sald MORIGAG`_E, betause or in fhe event of the fa;iure on tfie part of the said A~~RTGPGOR to d~ly, p~o:~~ptly and fu'~y pr~form, d~schuge
_.-.ure, efied, cemp'ete, cornply w~tn and ab de by each and every the stip~la~~o~s, agreements, condn~ons, and covenants of sa~d pro~n~ssory note ar.d th~s
~,ongage any or e~+her, ard s•j!d costs, cha~ges and exccnses, eath and every, shall be immed~ately d~e and payable; whether or not rha~e Ce nor~ce ds
~~.e~d, etternpt to to~~ect o~ suit pend:ng; and the fuil amount of exh and e+ery svch paymzm shalt bear i~terest irom the date thereof until paid at the
c o~ nine per cant,;m ~~r an,~c:•~; ~n~ aii sa~d costs, ci~ar~rs acd ex;,~~nses ~ncurred er paid, togrther ~v~th such intErest, shail be sewrcd by the (irn of thi~
mortgage. •
6. That (a1 in ~ha eve~t of any breach of rh~s Mortgage o~ defau;t on the part ot the MO~TGAGOR, or (b) in tha event any of sa:d sums of money
h•~rein referrtd to be not promptiy and fully paid vrithin Ih~rty ~30) days next aTrer the sa:ne seveiai:y uecoma due and payeL!e, wit6ou~ demand or notice,
;,r ',c) in the evero each an~ e.,:ry the st~pu a+~au, agreements, cor.dr,;ons and covenanrs of sa,d pro~nissoey note and th:s mortgage any or e:ther are nof
1u:y, p~ompfly and fui:y performed, d schargcd. ew~cu~ed, elfe.ted, compie'rd, temp:ied w~th and ab~d~d 5y, then in e,ther or any su:h eve~~~ the sa.d ag-
~~•~ate sum men~~o:~ed ~n sa;d pron~~ssory nc!e then ren:a~ning unpa~d, w~th interest acu~ed, and a~l moneys secured hereby, sl~all becosie d~e and pay-
e forth~rith, or thereafn;r, ar the cpr,on of sa~d htiOR7GAGEF, as 'ully and compieteiy as if aN of thr sa~d sums oi muney were or~y~naity sr~pu:ated
b~~ Ra d on such Jcy, anything in sa d p~o•nlsso~y nete or in this Mortgag~ to tne conrrary notwithstand[ny; and tnrreupon or thrreafter at the op~wn of
.•.i tAORTGAGEE, vrithovt ne`~ce or deman3, suil at law or in eq~ny, therefore w thereaErer b~un, may be prosecutad as if aH moneys sewred hereby
:d r,~atured pnpr to ~ts ~ns:;~uhon.
7. 7hat in thr event that at the beginn;ng of or at any time pe~ding any su~t upon this Mortgage, or to foredose it, or to reform it, or ro enf~rce
~~;^+ent of any cia~ms he~eunder, said ti~ORiGFGEE sha:i ap{,ly ro the ~o~rt hao~ng ,~~riidcr.on therea! for ehe appo~m~nent of a Receirer, wch Courf shoii
-thwith appo~nt e rece~ver of sai~i r.:orlg.sy~d property al! and s~~gular, indud,ng ail and singv,ar the intome, profJS, issues and ~reven~es from whatzve~
s_~•ce darived, each and every of wh:ch, it be~ng e<Nress!y undersrood, is he~rby mortgaged as ~f spec~fically set for~h and described ~n the grarr~ng a~~d
F.:::.endum ciavses hereuf, and wch Receiver shatl have a~~ the broad a~d eif~c~i~.e func+.ons and po~,~ers in anyw~se entrusred by a Cour~ to a Reca~~er, a~id
s_ch apFolnrment shatl be rr:ade by svch Court as an ad:n~vred eG~ity and a matter of absolu~e r~gM te said MORTGAGEE, and wi~hout ~efer~nce to the
r.~:•_yuacy o~ inadeqvacy of tF.e va!ue of the prcperty mortgaged or to th~ so•.~ncy or ~nzo:vcnty of said MORiGAGOR or rhe defe:;dants, a~~d th~t such
••~~s, profirs, inco~r.e, issues and reven~es shali pz app~ied 6y such Recc~ver atcoro.~~g to the ~ien or equity of sa~d MORiGAGEE and the prachce of such
Ccurt.
8. To du:y, prompt!y and fui~y pe~torm, discharge, exec~te, effect, tompieTe, compfy v~ith and a6ide by each and every the s:;pulations, agreen~ents,
~~dnlor~s and cov~nants ,n s±:d ?ro:n,ssory ne~e ,nd th:s mortg~ye set for~h.
9. lhat in ~F.e event th~ ov.ne~ship c1 ~h~ rnortgag~ pr~m;;es, o• a~:y part thereof, 6ecomes vested ]n a person other than the MORTGAGOR, the
:^RTGAGEE, its wttesscrs a.^.d asslgns, may, r,rtho~r no~ue to the A',OR7G~OR, dea+ vv~th such successo~ w suaessor in ;nteresr with reference to thn
_ tgage a.:d ~he d_•bt hcreby sec~red in tiee s~n~e manne~ as wilh !t',or5gagor v~~thavt in any way vit:ating or d~scharg:~,g the MortyagOrs' liabiiity here-
or upon the d~bs h~•reoy sccined. D1o sa~e of ft:e Frerr.:ses hereby mo~rgzged and no forbea~ance o~ the pan oi rhe ?1VORiGAGEE or its successors
dS5i7n5 and no exrension of thc t~n:~ to• t6e paym:e~~f uf the deb+ hareb~ secured given by the MORIGAGEE or its succesaors or ass:gns, a~~.tl{ operate
+c re ease, d~scharge. mod~fy change or aftect the o<~g~na! Itab,fity of the N.ORiGAGAR herein, either in whoie or in part.
10. It is speuf~:~~~y agreed tl,at t~~re ~s of the essen:e of thfs contract and that ro waiver of any ob`~9at~oo hereunder or oS the obligation se~
~~d hereby shaii at an~ tic~e tn_reaite+ be he`d to be a~vo~ve: of rhe terms hereof or of the instrumenr secured he~by.
l l. In add:t~c~ ro rM:o fo:ege n~ mon:h'Y pa;m~nrs of prir,t pal and inrrr~-s' ~equ~~ed by ihe prfl:r ssorf ~~o•e secu•ed her:by. rnortgagor curenants
; agr^es to pay t~ r*~.c••,agec v.,;h rach ~nonrh y ra, enf ar add::wnot s~~n, ~•s• ~:=red b7 mortyagee to be equal to 1 12 oi t:~.~~ .,nr.,,al cost of the follow-
.
A-Ai: rea~ {:~opar+Y taxes !e:k_d or ~ss^ss•~~? .3~~i•~s! tFc above desc~i^ d r~~at estete.
8 ~rr;. u•~~s on f<re ar-J vr.~ d;!o-., ~r.s~~~n:_• ,~s 'nert~~~ •:y~:n~~ to oe ~a .~.d c~ the lmproveme:its s;tuate or, the abo~e d_scr~bed prem~ses.
C-Prem;o:rs on wch e:crtg3ae y~arar.t; insu:a~:ce as mortgayee sh3'.I irc~•, s.rr:e to time d~em fit to carry on the loan secured F.ereby_
Mo:tga~~~e ~;'i ~~rr-, h:*:«. te ...•.e ~wr~f; n-:c~~y,,3cr !n r.r;t~r.g of tne a-ou~t d~~ and payab~e hereunder and such s~n shaif iii~•r~upon be due and
.:t~!e on tha ci,.~~ c.~~•, or ih> n-.xr a~onrn.; pay~*~~~nr a~:d each s~r~.~ss~ve ~r,onth thefeafi~r uctei mertgagee shall notify mortgagor of a change in wch
~~vnt. Svch sums s~~ i~:e ap;,'i,:1 by mor!ga_ _z fa::a~d the F:a;n:ent of rea: p:operty taxes, insurance prerr.u~ns, and n;o.tgage guaranty inzurance
rJums.
' IN ~:iTNf55 L~NER"cOF. ri,e sa~d M02IGi+~OR has h~reunto set h~s hacd and seal the day and year first afaresaid. ~
s ~ ned, Sealed a d de' e~ed in the presen~e of: ~
- ~ s 1'~ ~ L~~
(Seaq
~ ~ ~ PL~-J• . (Seaf)
~ 'Q.t'{J' (Seai)
- ~nne Mari~ Ila~ ts~~;>
~ ;~A7E Of~ _
u.'
3 _ ~UNTY OF 1 .
~ 8efoie me pencnaliy appe3red Mat~tleW J Daw and
~ ~ D3~IT his wi`e, 1o me weil known and known to me to lx
~n> ind~viduais described in and who execvted ~ha forego~ng instrument, and acknowiedged befo:e me that they executed the same for the purposes
}r•~~eia expressed. And the said.`__.~_..____ Arii1P_ Mari e ~~3W
:•:~e ,f 16e~ sa~d ~"_~~hew _J `p~_ _ , upon a separate and private
- ••~minat~cq.by me taken separafe and apart {;om her sa;d h~sband, aci~novviedged to and before me that she executed said instrument freely and volun-
!a_,I f an~,w~thout_aoy ccmNU'sEon, consr.a~nt, ap~,reher.s.o~, or fear of or from her said husband.
_ 45~~TNESS my nand aod offic:al seai th:: day of O-t'pb _ A. D. 19_7~
- ~
I ---~~~'i'~Tl~_ ~Q..~~ -
i'+ Norary Pu6l~c in d t,- the State of i~i~ at large
My Commission expires: t~~' ^~'~3
~ • '••ti>•• ite!urn To: ~
? first •F~ler'at 5avings b Loan Associat,on ~~~i~ ~ ' f
Of Fcr! P r,•tc.
Fort P,.~r,e, F;or~a
FILEC~ ~ECO~~EO
ST.IUC~E ;OUNTY ~LA.
RC::'-? '~':RAS
CLEn}. COURT
This Instrument Prepared gy J. H. Rob erts, Jr, ~~~r~a ; U
First Federal Savings Loan Association ~
_ of Fort Pierce , Florida O~~' g 16 A~ ~~3
Checked By[~_____ _
n R ~ 7 f1~ ~6~'7~ ~
- 80o~r..~0 ?~~GC ~~X7
_ _ _