HomeMy WebLinkAbout1442 3. To piacr ar,d co~~fi:~uo:,sl~ k.-_p on rr~r a,:.~s ~.cvv or I,era~ifer e~f~.,rr on s.,~d lend and on el' ~•:~,,:~.".c~~~ acd peiio•~a'!y co.r•~.,a by ~his mor~q-
n9e. with all pren~:,;•r.s ti~~~cun ~~ed ;n i;,ii. f~~c• u~s_~a_~ :n tiir ~s~ai st,,:.3~~d {;c':~ fp:m, ~n a s.,m s;.y~r~.,d iiy ~i~._ ~<SJ~:•~~~'vLt. v.~:.~:!o~~:~
~~suran~e in the ~e.,al z~ar.dard co: ty foru., ~n a s.,rn ofF~~o.rd by rhe ,titUATGAGEE, in such con•pany or „pan.es as ihe A~G~ii:~AGEE may -
d~reei; dnd al! fire a:'.d w~ndstorm insuro~te po ~c~es -un any Of sa~d kwi,d.nys, any ~Me~est the~e~n o~ part therc;,f, in liie aggr~~itE su~~~ aip~esa~d or
in excess iher~pf, st~att cord;in the usw~ s~a~.d,rJ moi!~.+gce ci~use or w:h other c'~~se as the Mcrlya~ee m~y re;i,.re, rnct•~~g ti:r ~ess w~~l~~r s...d po'i-
c~es, each ar.d every, pa~.i;,'e ro se:d .'..JRIGAGfE aa ~rs ~nTCr~•st may aypear, a::d each and eve.r a~c~ pu~::/ st.,(t i;e p~~mN~~y aug•~~~d a~.d dr:~:c~~d ~o .
eny h.:ld by said AtiOkiGA;',tE as (unher s.:ur;ty ~o sa:d ~•:o~tya~r d•_bt, and, not !asn than ten (10) dars in ~d..,~~ce oI ~n~ e~N~~et.on o4 e;ch ~,o!,cy, to dr-
i~vE. ~o 5~,~ :!ORiG~1GFf a renzwsi thcrruf, tuge~her Wifh ~ retr~f~! for the pr~~n~um oi suth renr~~; end tL~•re s~~3!i k~e no f.r~~ or ..;~,1st~•,n ir.s~rance~
placed on any ol sj~d build~~gs, any intr.est there:~ w part rhrreuf, un'cis ~n ihe fonn and w~th the ioss payob'e as aforesa;d: a.^•d in the eyent any sum
of money beco:nes pa~ab~e ~~:der s~ch po:~r~ or poLc~cs s~~d M.OkTGAGEE sh.,il ha~•e IMp ONI.Jn to rec_~.•r ;~~d epp;y ttie s~;~~e on ,::uu:~~ o~ the iud~::t~~d-
ness setured hrr~~p~ o~ ~o per:t;.t s::d 1.'t~R1GAGORS io rec~•ive a:~d use it or .~n~ , ~rt th_• ._•ol icr ur . r or, ~s, i!,... _ ~_r •
;r,g any ~~.ty, {:zn or r~qht ~~ui.~r or by v~rr~r ot ~h~s mc.•yage: and in ~hr event s~ d`~J~iGAGV25 st~.~!I for any reason fail to i~•et~ ti,~~ s,+;d prem,s s so .
~ns~red, or faif to de.~ve~ pro~np~fy any of sa~d po!~cies cf inwrante ?o sa.d A5{~RTGAGEE, or 1~~' ,>r;:r.,N~iy tp } ay f~;ly any pr, n th~r•~ier cr i•. a•:r '
respect laii tp perEorm, d:s:ha~~ e, ex.~cu~e, eftrtl, com ie, , '
3 p~e canph~ w~th and a5ide by th.s cove~,ant, or any ~~~art h~rrof. s.,~ci ;1~.•kT~.:.G:E m;,y iracr a~o
pay for such insu~.,nca or an~r part rhereof w~~hovt v,a~~mg or affecting any oHi~on, Gen, eq~~ry, or n~hr un;ler or b~ v,r~~e of tl~~s Atoreg,ge, a.~.d the
t~ll arnovnt o1 eath and every s~ch paym~ro'shatt be ~mmed~ately due artd payaWe and shaU bra~ interesl from the date thc~coi ~ntit p„~d at tiu ~are o1
~:e per ce~,r~m pe~ ann~~v .u~J tJ7:•:h~'~ n,+h sucR~ ~•,~,~~~•st si~ai; ~e sr.~~ed 6y the lien o1 fh~s mo~tgage.
4. To permit, commit or suf(er n0 waste. i~npair.:-~ent or de~er~orot;~n of sa~d property w any part thcr^of.
5. Ta pay a:l and s~rguta~ ~he costs, charges anu ~,Y.:._-t, ;nctud~:~g a reasonabie attorney'~ lee and cos+s of abs~racrs of tit!e. incunrd or ps~d af
,nr tln:e by sa;d :LtORTGAG:E, ixcause or ~n the e+ent of ohe ia~wre on tne p;r~ of ihz sa~d MORTGAGOR to d:,:y, pr~:r.ptly and fuify Fe~for~n, d~scha~ge
e.acute, e(fec~, comp!ete, co~rply w~th and ab da by each and every the sT~pu~a!~ons, agreemenlS, condihons, and covenai+ts of sa~d pro:riusory note and th~s
r,orrgage any or e~rher, and sa d cosrs, cha~ges o~~d e~Fenses, each and every, shall be imm~diatety due and payab,e; v.he+her or not ~here th: nor.~.: d~
r. and, attempt to to:lecf or suit pendng; and the fuil anwurn ~f each and every svch payment sha11 tea. int~~res~ trom the daTe thereof until paid af the
u~ n~ne uer c..~nt~m F:er an~r_.~r cr~d aii sa~d ct.sts, charg~s and ex:;ens~s ~rxurred or p~id, tugrlhe> >v.lh such intzrest, sh~ii be sewred by the i~~n of th~s
mortgage. ~
b. That (a) in ~he event of any brrach of this Mo~tgage or de(au~t on ti,e pa~t of the MORTGAGCR, or ;bi ~n the event any of sa'd sums of money
~:erein referred to be r,ot yre~np+ty and fukly pa~d wiihin thury (30) days ~exr a%rcr rhe same severatty beco~ne due and payob!e, withov~ demand or no+~ce,
or in the evem each artd every the stipu;atlo~is, ayreements, co~~d;:~o~~s and covenants of sa d~romissory no:e a~~d th~s mcrtgage any or e~ther are nof
iu:y, promptly and fu~ty ~erfonned, d.scnorg=d, ezec~trd, eiiected, comp{errd, comp:~ed wiih and a~ ded Sy, then in e~fher or any svch event the sa.d ag-
7~~•gate sum ment~oned in sa~d ~+on~~siO~y notc !'r,~~n rema~r.~ng t,npa~d, with ir.tEre~t acuued, ond a:i mon~ys setured hereby, shati becon~e due and pa~-
ao'e forthwith, or thereafter, at the oprion of sa~d A1URiGAGEE, as fuiiy and comp:ete~y as ii a~t ot thc s~~d s.nns of money were o.~gi~~atly shpulated
to be pa,d on wch day, anythiitg in sa:d pro:n~ssury note or in this Morrga9r ro me conrrery nor.~iehsr~nd:~o; or.d thereupon or thc~eaftcr at the c}-~,on of
s+:d MORTGAGEE, w~thout nor.ce or d~-mand, suit at !aw or in equi~y, th~~~efore or thereafier begun, may be p~esecuied as if all moneyi secured he{eby
c,d matured pr~pt to ~~s inu~turon. ~ o .
7. That in thr event that at the beginntng of or at any fime pend~ng a~y su~t upo~ rh~s Mo.tgage, o~ to fe~ec!ese it, o~ to reform if, oi to enfcrce
~ 3;:ment of any cle~ms he~eu~~per, se~d 1dORTvAG~E sha'; apy~y to the Co~r~ ha:~~eg ~ur.sd.c~:on the:aot fur the appo~ntment of a Rec.•irer, such Coun sha~l
r~,rhwirh appo~nt a receiver of sa~d mortgaged property ali and s~ng~lar, inci~,d.ng a;i and s~~~aui;r ihe incon,e, p•cf~fs, issues and revr~~ues ~ro~n Y,horever
s: ;•ce derived. each and every of ~vh:ch, be~~,g eapress:y unde~srood. ~s her_uy mor~gagcd as ~f speui~ca~:y aet ionh and descnbed in the granting ar.d
~~bendum cia~ses hereof, end :~cfi Recei~er sha~l ha~e a!f the br~ad a~~d efiecnve f~nct.c•u and powers in anyw~se entr~sted by a Cou~t ro a Rec~•i~er, a•,d
s.ch appointm~nt shai: be +r:ade by such Co~rt as an ad~nittcd eq~ity and a matrer of absaute ryAt ro sa~d MORIGAGEE, and withcvt referer.ce ro tfie
r'eq~ecy or inadequacy of the vaive of the property mortgaged or ~o ~he so.vency er ,nsc:.::ncy o( sa~d I~AORiGAGOR o~ the deier,dants, ond rhat such
re i!s, profi~s: i~~ome, issues and revenues shaif kx app:~ed oy such Rece~ve~ ac.~rri.~:g ~o tne I~e~ or rqu~ty ot sa:d 1.1pRTGAGEE and ti~e pracr~~e of s~ch
Court.
B. To duly, prompt:y and fuUy perform, d:sci,arye, execute, eifea, com,plere, co^,p;y w;fh and abide by each and every the st~pv~ations, agreements.
c,~;ditions and tovenants !n s:+~d prom~sso:y ncte and th s mortgage s~t forth.
9_ That in the ev^^t rhe c~.re:sh:p of the mortyaged pren.,ses, or ariy part thereof, Eecomes vESted in a pe+son oTher than the MORTG4GOR, ehe
:'~'RTGAGFE, irs succz•sso~s a•.d as<_~gns, may, w"~~ho~f rar~ce ie tne ,t10RTGti~R, deal wnh wch successor or wtcesso. in imeres~ with re4erence to th~s
~;~rgage ar3 the d_ut herecy sec~red in the same manr.er as v~ith Lt,ortgagor xaho~t in any way vit;ating or d~sct~arging tf;e A1or:gogors' Iiabi~itY here-
_:~d~r or u~u+n th~ debt hereby s~~c.:«d. rao sa:e of tfie Frem,~ses h.rreby mortgaged ar.d i:o ic:beara~ce on fhe part of ?he ~l~ORTGAGEE or its suctessors
er ass~gns and r•,o eriers~on of rhe f~,r.a for the paymrnt of tF.e debi h^reby secvred g~ven by tne IJIORTGAGEE e~ its successors or ass'.gns, a~~ali operate
ro re~ease, d,stharge, rt~od:fy change or ai4ect the ong~nal l~a~~i~ty of the A'.ORTGAGOR herein, either in whole or in part.
10. It is seec:f~,atiy agreed that t~me is of the esse~~ce of this contract and ihat no waiver of any obi~gation he:evnder or of the obligation se-
corrd hereby sFal~ at any rin.e :herra~;er be h_id to be a Y:ai:er ~f ~h? terms h~reof or of !he instr~ment sec~red htrby.
!1. In arid.e:o., •o tne Torcg~ •,q nOn'h:y parm,_n~s of p:~-.c paf and inf~rest req~~red by tF« prom ucry +,o~~ s_-u.ed h~~r_b/, mortg,~or covenar.rs
+ d agrees to pay to ,-.c-t~;gee +.,th eacn roonrh ~ .e.,.
y;. an ecd rio;~al wm es' ~~tcd by mo'tyagee to be eyc,a~ to t i2 of rhe an:~vat cosr af th_ foi'tow-
,3.
A--AI; rcal r.rope~ty !aa:s !ev~~c: or assrs~.ud ~.s! th-~at;ove desrib-d rea~ rs!a!e.
B- P:... :S on f~._ 3nd v~;i~d>:., ~i n ~
-su•. rc i~<~r<~;~ reqv.r~d tc 6c ca~ •.d en the :m;:roveme~t5 5.!e:ate on ti:= a~.va d_sc~~bcd prem~ses.
C-Pre;r;u~rs on avch rt:ortg:;qe guaranty icsura~ ce as mo'tg.~y^ee snali fro:*: t me tp tim? deem f~t to cdrry on the lOan secured herek~y.
~lortga~ee 5^al j•cm t~~•~e fc 'r~~,e ncr~E, ncrn;~yc~r :n w.i!,ng of ihe a~r~;,•,t dve ar,d payabte herzUr,da~ and wc~: su~r sha:t ti~areu;;on be d.:e and
..3b!e on thN cfue Qa~^ CT F4~? n~•lt ~ny?ih.~ F.ay-~'^ni a~~d each s~ccrss~ve •~ar'h +he~eafrer ur•tit mcrtga~ee shai; r,o'!fy mortga~or of a change in such
~.nt. $ucfi sum.s s~.~:i ~e ap,~.~ed 'by mort~,;..,• r~v.ard tiie payment of reaf propert•~ taxes, insuraue pren-.ums, and morrq,i~t c3~aranty insurance
-r~r.iums.
, \':ITNESS ::HER:OF, the said RTGAGO~h,a: hereu~:to se~ h~s hard and seal the day and ~yeat firs! ore~
ig 5~ a and c~e!i m y~p~e~en ot• ~
~ 1 ~C,! ,E' t ~~~'G' ~''"t-~ Seal)
;.it _ Da~rid J Lar~an~ a sincl~ e apJ~t~~jt
i 5 - (Seal)
~ (Seaq
S ~ %.1E OF fIORIDA
~ u.
_:~UNTY OF _ ~L~e~l~l~ j
'r -
Befare me personally appeared DdV 2c: Larson, a sinc;le adu1L
_=_~_^____________________________'_=_°='_"=~=~S~wTfF to me well known and known to me to be
'~a i~divid~a~ ~~;c::ied 'en and "who execured the farego~ng instrur+kN, and acknowledged before me that he executed the same for the purposes
rr~.ein expressed. Aat~AlFSat~---------------------------- - -
~cfta~lbe~=+---------------------------- -----__==~~~Pwtsz~~ps=se
~~R+~A~if~~C ~y~ 1115 ~1i~A1~s~SiRfb aiR~E~tF A&iF ii~s ~3i~ IR?'3~iR~ ~iF~iL'wi~~~ 1a~~ seYo7~r1f~ p1Et~ICe.~Rc~tBt~Sb~~i3RunS~F~ ~~~Ei~f ~rii~
~~~~a++~ wr'tt?~=e++p- ~o+r,~re7aron =consFra+r~ =Bppre"3ter»- - v •pr. -s~6a'r~.
YlITNE55 my band and offiual seal this____~_ d of ~~~°e~~er A. D. 1973
~ ~J C~/C_.~ ~ L/' /
Nota:y Pub!~c i and for the State of Florida et la:ge
Return To: My Comm~ssion eapires: ;J~~~ ~ y'
firss Federal Savings L loan Assoc~at,~n
Of :ort P ~ ~c,~
NOTARY PUFUC. STATE nt ~~ORIDA at LARGE
Fort F;...~c. ~ .~~r~::3
f.'Y C0:".+~55,~;~ EX~LRES lA?~_.) 1977
6orWed 6~ Arr~r;can BarAeis •lrspur3Aye CA.
c~ y F . ci i~~ooa ~ ~ i , . . ~
This Instrument Prepared By ~ - ,.r ,
F~rst Federaf Savings & loan Association 2~'7fj~,`~, ~ ~
of Fort Pierce , Flor ida ~
~ F L~G rvG -E.uRDE@ ; , ~L~ .r. r _
Checked B _ S~:l~1r~!: ~,~:UM1'y FCA ,
y'E - RG~;~ Fi~~'RAS ( lr~ • .
C1F~h ~ „?T ~Cu3; . -
Fr : :FV :,s~ - Sb
~~~x F~c~ s~~~ NoY ~ ~ PH'73