HomeMy WebLinkAbout0202 _ : l~
3. To plate and confinuous:y krep on :i~e bui v~~.ys ~io~v ot heresfte~ art~~te on s~~t~ !and a~~d un a~~ ~•q~.~~~ »•'nt a•.d persona~~y co-.e~ed b,r ~h~s mor~g•
a9e, w;th all premiums thzreon Na.d in iuU, Gre ins~rancc ~n ih;e ~s.~-~: sre~~~l~rd uo'icr (orn~, in a s~~n aE.aro.ed b~ tht ~!uR~v=~GEE, a: d w~r.Jstorm
~nsura~ce in ~he usual sranda~d pot.cy fcnn, in a w~T~ approyed 6y t~r MORiGAGEE, in such co~n~.any cr cam;:ar.~es as ~he h40~iGAGEE may
direct; and all iire ~nd w:nJs~orm ins~rance po~~uos on any of sa~d tw~!d~ngs, any iMerest tAere~n or'part thcreo~, in the aggrcyare sum afores~~d or
in e~ces~ Ihereof, snall :ontain ~he ~sual s~a~,J:,rd mo:+y;3re c,ause or s~ch o~her dause as the Mu~ryagee may requ:re, n~oA~ng ~ne ~css u~~J~~ sa~d poii-
c~es, each and every, ~,ayob'e to sa~d T.tJR~GAG:E as ~ts ~n~~r~•st n,ay appear, and each and eve~y svch po~;cy sf:,ti be promptiy ass y~~~~ ond d<t~vrn•d ro
eny held by sa;d MORIGAGEE as f~rih<r sec~rity io sa~d ~•~ortyagr d~b?. and, ~o~ Iru than ten /iQ? days ~n ad:a~:ce of rhe expirot~un o+ e.:ch poLcy, to de-
;wer to said MORiGAGEE e renewsl the~eof, toge~her w~ih a rece~pt tor the prrm~um of such re~:ewal; a~~d ihr~e sh;;'I be no Lre or w~~,ds1G~~n irsurance
p~+ced on any o4 said bui!dings, any inte+esl there~n or part Ihe•eof. u~Ttess in the for~n and w~th ~he ioss p~yable as ato•esaid; and in the evenl any sum
ot money be[omcs payab!c i~nd~~ wch Nol~cy or pul:cirs se:d M1ti~R?C•AIsEE sh_i41 I,a~e ~he u;~t:o~ to ~rr_~.e ~~~:1 ~~p'.y ttie sa,ne on accouni of ~he indcbtcd-
ness sec~red hereh~ or so perm~t sa~d 1.IORTGAGORS to rece~vr and use ir or ,n~ ~,;:;t r1, :coi !cr o~r~_• • U.~s<;. ,3 c.
~ng any equrty, I:en or riyhl under o~ by virt~e of ~h~s n:c:tyage; and in ~he event sa d MOw'1C;kC•UR~ sha'i fcr a~.y rcaion fai! ~o keep ~he s:+:d prem:s ~s io
~nwred, or taii to de!iver pror»pfl~• any of said FwLc~es of innvrance to sa~d :AORiGAGEE, cr faii p:o~„p~ly ~o ;:3y fu:ty anv {:~r :'•~'n shrr,.~tor or in a•~y
respect lail to perlo~m, d~scharge, e¦~~wte, efFect, co~.~ptrte, c~~npiy ~vi~h and eb~de by th:s cove~~an~, or any parr t~~~r~~of, :.+~d 11luRI~:iGEE may p~ace a~o
pay for s~ch i~sur.~nce or any parl tnereof witha;t ~naiv~ng or affect~ng any oy~tion, iien, equay. or r,.3~n un:icr or b~/ virtue of ~his hlortg~ge, and tht
i,;I1 amo~mt of each and e~e~y su:h paymrnt shall be ~mmediateiy d~e and Fayable a~~d shail taa~ i~tcrest from the date ~nereof unhi p~~d et the r~te o1
n~ne per ceN~~~n per ann~rn a~~d to~cth~r w~th svch imr~cs~ sha~~ t,e secured b{ fhe I~en of thi~ mortgaga.
4. To petmit, tommit or suffer no waste, impoirment o~ deterioiaGOn of said property or any part thereof.
5. To pay aIl and singutar the costs, charges and eapenses, induding a rrasonabte at~orney's fee and costs of abs~rac~a of t~~te, 7~currb.! o. pa~d a~
any time by sa:d MORIGAC`_E, be[auae or in the event oi the ia~lure on tne pa~t oi the sa~d h10RTGAGOR to duiy, pro:npNy a~d fully pe~form, d~sci~a~ge, j
= Kacute, efiect. complete, com~,ty w:h and a6.de by each and every rhe stip~lat~ons, agreements, cond~~~ons, a~~d covenants o~ sa~d pr..,,::s:ory note and ~h~s
-:ortgage any o~ e;ihe., ai~d sa d costs, char9es and eapenses, each and eve~y, shall be immrdiately due and payab:e; w~•.'her w not there be not~ce d=
~iand, attempt to tolied or sui? pend;r.g; and the 1~11 a~:wunt of each and every such paYment thall bea~ interesf from the date thereof unti{ peid at the
~~t.- of ninC U^r crnr~m p~~r on:~~u.~,; .,n~' a~! said cosTS, ct;arges ar,d ex;;ens~s irxurr~d or paid, together woh wch inte~est, shall be secu~ed by the llan of tks
mortgage.
6. That (a) in thr event of any breach of this Mo:tgage or default on thr part of ti~e M.O~TGAGOR, or ;b) +n the eveM any of sa d sums of money
hrre~n referred to be not promprty and fv:~i F3id ~+•nhln ~h,rty t30) days nex~ a4rer ~he same severa;ty become due and payabte, w~~ho~~ demand or not~ce,
or ~c) in the event each and e~ery tne st+Nu:at~ens, ayreemenas. cond~~~ons and covenaMS of s~,d promissory note and th~s mortgage any or e~ther are no1
iuly, promatiy a~d fu!ty perforn~ed, d~scharg_d, e,eecuted, eifected, canpleted, comp;;ed w~~h and ab~ded 5y, th~n in eaher or an~ such evem she sa.d ag
~regate sum mentioned in sa~d pron,issory ncre then re~na~ning unpa~d, with ireterest acc:ued, and aii moncys secured hereby, shali become d~e and pay-
no:e forihwith, or the~eafte~, at rhe opT~on of sa~d Pd0~1GAGEE, as fuiiy and co~np;etzty a: if ail of rF:e sa~d sums of n,oney were o~~g~na~ly supv.ated
~ be paid on such d~y, anythi~g in i3.d p~ar.issory note or in this Alortgage to the comrary notwitha+and:ng; a~1d there~pon or therrafter at the op~~on of
sa.ci 1JtORTGAGEE, w~thout no~~:e or demand, suit at faw or in equity, there~ore ar therraf~er begun, may be prosecuted as if aN moneys secuied hereby
r._d matured prior to ~ts institutron.
7. That in the eve~t fhat at rhe beginn'~ng o1 or at any tirr,e pend~ng any suit upon this Mortgage. or to foreclose it, or to re~orm it, or to enforce
f~-ayme~t of any daims he•e~nder, said ti10RTGaGEE shaii rpply to Ihe CQ~rt havm.g ~ur,sd~:a~o~ thereot for the appomtment ot a Rece~.er, wch Ccun shail
~orvhwith dppoi~i a receiver of said mo.~gaged property a(t and sing_•~+• 7nc.ud~na a11 and einqu~ar ti:e ir,ccn:e, profus, iss~es and revenues from wh~tever
s-v~ce derieed, each and every of .vh:ch, n be~ng exp:ess:y undcrstood, is hereby mer~gaged as 'rf spec~f~caify set fonh and desc.ibed in fhe g~an+mg ar.d
~:,':,endum clavses hewof, and such Receiver shaii have aft the broad a~zd efiecf~ve fw~ct,o~~s and puwers in anYw~se enrrusted by a•Lo;:rt to a Fec~~.er, a~~d
s;h appointment sh~i~ be ma~e by su:h Cou~t as an ad.niurd eqv~~y and a matter ef abso:u~e r:ght to sa~d A10RTGAGEE, and withc~t reference to the
a.i_quacy or ir.adeq~~acy of tF~e vaiue of the prceerty rr.ortgaqed or ro the so:.ancy er ~rw.:ency of sa:d MORiGAGOR o~ ihe dere~~drus, a•~d rhai such
,~s, profiu, income, issues and reve~:ues s~aii b~ appl~ed oy such Rec?~ver ac:ord~ng to the l~en or equity of sa:d MORiGI,GEE and the p~~cnce of wch
LOJ/t.
8. To du'y, promE.t'y and fuily pe~tor~n, d::charge, execu!e; effect, com~l~te. cr,e.ply w+th ar.d a6ide by each and every tF~e stipu~ations, agreert:enrs,
;;;nd~tions andi~Sants ~n s,~d pro:nisso: ~ ~ote and ih:s n.xtg~ge set forth.
9. That in the eve~it she ov:~e~sh~p of ~he mortgaged prem"ses, or any pa~t f'rrereof, 6ecomes vested in a pe~son other than the h10RiGAGOR. the
:':RiGAGEE, irs wccessors and ass~gns, may, w~:hou~ r,~n:e to ~he :10RTGAOR, deai w+ih wch serccessor or wccessor ~n ~nter~st ~w~h reference to this
o•~gage and the d-_~t hereby secured in thr sa+r,e . ~r as w~*h 1.lorrgago. w~~ho~t i~ any way vit.ating o~ d~scharginy the ?dortgagors' liability hEre-
..~::;er or upon she debt hrrrby src~.ed. No sa~e of the prem~ses hereby mertgaged and no forbearance on the part of the MORTGAGEE or irs s~ccessors
ass~gns and no extens~on of the <<me tor the Faymenl of the debt h=.eby secvrrd given by the MORTGAGEE or its successort or assfgns, ai:ai! operate
ro re!ease, d,s.harge, mod~iy c~ange or atfect the o~iginal ;iab::;t~ of the M.ORiGAGOR herein, either in whole or in part.
T0. h~s speuficafty agreed that tf:ne is of the essence of th~s con+ra:t and that no waiver of any obligat~on hereunder o+ of the ob!igat~on se-
„red hereby sha:: at any tirt:e rnerea!ter be he:d to be a w.•alver of the terms he:eot or of the instrument secured hrrby.
11. in oad r.o ~~o the fore~c ng menthfy payn _nls oi pri: c pai and interFSt requlred by tl~e promfssory nore s~cu~ed herab f, ~nor!g~gor corenants
a~ ~ agr~es to pay ro r:ortgagee w~rh each r:cnrh'y pay~. ent an add:r~onaS sum est~o-:ated by mortyagee to be eqvai to 1 12 of tt~e an~~uas cost of th~ folfow-
A-AI~ .ea~ prop,~ty taxes !e~ied er assess_d agai-st the aF:ove dezoibcd reaf estate.
6 Pr~~:~:..; :n on fi.e and x~~~ds:o^n ~n5~r3r~~ ~s fie~~~n req~~red ro b~ ca-:~_~d en rhe ~mproveme:+ts s~!vate on the above dascr~bed prem~ses.
C-Prem~u~~ s o.i wch rnortgage g~a+a~r{ :r.s~ro-:ce as mo~ryagce shail frc~r. r:m~ to time daem frt to carry on !he loan s^curzd he*ebi.
A+.ortgagre s~:a'! frcrn t~me to nm.e nat~~; rr:ortgago~ In wnt~ng of the a•aou•~t d~e and payable hereundrr a~d s~ch wrn shall th~•r~upon be due and
~,able on th:: d~e da±•~ of r'r.e r.ext r~.onth ~ pay~+^~.t and each success~~e T,o~,tn ti~•:reafr~r untii mcrtg3gee sha!t ~o+~fy morty,3gor of a change in wch
ovnt. ~uch su~ns s! 3.i be ar~•~iec1 by ~.zc+tye~...• tcNard t'ne payment of re~! proHerty taxes, ins~rance ptem,ums, a•~d mortgage g~aranty inwrance
~ :~~em~ums. ~
IN Y~ITr~ESS ::NEREOF, the sa~d ~410RTGAGC2 has hereonto set his har,d and seat the day year fi~st afo~esa~d.
Signe ealed a~d de" ered /In
th~ce oE: ~ D
~ /V ? (Ssa!)
w itness ,y rvin O. wa nes t~ap
. ~ • . - - (Seal)
; ~~jitness ~ ~ , / ~ Jean P. Waunes csesi~
~ S7ATE ~UF lvear Yoz~ fi' T s-y.
~ ss. .
CCUNTY OF ~ 1
i -
Before me personal ppeared Irvina 0• Wamnes and
` ~ean P. Wamnes his wife, to me well Ieno~vn and kno+vn to me to be
the iqdividuala descfibed in ard who executed the foregoing instrument, end acknowledged before me tAat they executed the same for tF~e purposes
thercin expressed. And the said_.~~all ._P~ WdIRt1@S
r.ife of the wid I rving o~ ~"lamnes upon a separate and private
examinat~on by me taken separate and apart frcm her sa]d husband, acknowledged to and before me that she executed said instrumem freely and volun-
!arily and w~thout any compulsion, coestraim, apprehNns~on, or f~ar. of or from her uid h~sband.
WITNE55 my hami and offiua! seal th~s___ day of_ OCtOb6r . D. i9 73
~ `S ;
Notary Publ~c i~ and for the State of _A lar
_ _ My Commission expires: 3 /
Return io: ~ ~
~
first federai Savings 8 loan Associat.on ~ -
Of forr P : -c~=. ~i~~+~ i E~ .ri ~~1~ . i~?. ~R~
itC' i
Fo~~ P~_:ce. i,~~~da r'' +_~..~n. Yor(~•.
- 1~Jdu~ - .~.:wi~-' ,
- This (nstrument Prepared By Gary F. Ellwood iers~ .....~.~#t ~.;~,:~~7~
~ First Federa! Savings & Loan Association .
- of Fort Pierce , Florida
i ~
Checked By ~ ~ R ~~O ~~A
- $OOi( PAGf ~U~
sb