HomeMy WebLinkAbout0417 3. To ptace and co+~t~~uoosiy liep on the Lu~'d~~,ge now o~ ~ rreefter ~~+uete en sa~d ~and a~~d o~ aL' eq~~p:~•rnt and peraona~ly ccv.~<-d by thls n:ortg•
ege. w~ih all prrn~~~~,~s th~~eon ~~a.d ~n iull, Lre ini~ra~~<e ~n ~t~e uaw~ it~~;dard policy fOrm, In e su~n aFF~rc,.cd by tln, b1UR~v%.Gli. a: ~1 vv~:~.1:!u~'n
fnaurance in ~he ui„al s~~n~~rd Fw:.cy io~~n, in a w~n a~:•pro.~d by ~he h1UkTGAGEE, in iuch <ompany cr co~n;:an:es as ~i~n A!J~iGAGEE ~~.+y
d~recl; and al( iire a~td w~ndawr~n inwrar.cc pol~i~~s o~ any of s3~d build.nys, any interetil lherein or pa~t th~r.:uf, in tFu agyr~_gere sv~~ ?4o~esa~d or
in eacrss thercof, sha~l :o~~~,;n ~he ~w~l star.d.,~d n~orry.igee c~ause or such othe~ deuse as ~he Mortyoyce may rrywro, ~~.+?~~.g ihr ~oas vnJrr s~~d po~i-
c~rs, each and every. ve~ab'e to said ~dJRTGAGEE as ~n inicr~•st ~nay aN~xar, end each ar~d e~ery wch pc,~.cy st.a~l t~r prompi~y asa g~~cd d d~:~+~~~~ d ro
any held by sa~d 1LtORIGAGEE as furihrr set~rity tc s~~d ~~~ortgage d~•bt, end, not less ~han ten (10) days in ad:~~:ce of the exH~rot~on of each po!~ty, to de-
liver ta ia~d MORTGAC.EE a reoevial thereof, together with a rece~pl for the premivm of such renewal; and ihc~e alwil be no t.~e c~ w~~ws~~~~n insuran:a
p!aced on aoy oF said b~ild~ngs, any interest therein w part thereof, vn;rss in the form and with the lo~s payoote as afcresaid; and ~n the e~em any wm
of mo~ey be<o:nes payabte unde~ a~.ch pejicV or pol~ues said MORiG~GEE sh;ll have thr opt~on to recc~ve a~~d apN:y the sa:~~e on accouni o) ihe ~~~J~~ne~J-
ness sec~red hcrrby or ro prrnut sa~d PAORTGAGt~RS to reca~ve a~,d use it a any pa~~ ihe,eol icr o;n. r~_~:, :e~•s. :••~~:-~t ~J
ing any equ~ty, I.an w r~yhl ~nder or by virwe of this mo'tgage; and in the e~rn~ sa~d MORTGAGORS sha11 fo~ any reaion fail to kcep thc sa~d ~sremis_s so
~.^.sur•=d, ar lail to del;~er prwnpt!y any of s~~d poLcies ol insurance to said MORTGAGEE. or fa~l promNfly to Hey fuUy any prr~n.,~n th_rrfor o~ a~'~y
reipect fail to pe~to~m, dscharge, eaecute, etfect, canptere, compty wirh and ab~de by th~s covenant, or any per~ herro4, sa~ti MURT;aAGEE n~ay p~ace a•~a
pay fo~ s~ch insur.~nce or any pa~t thrreof wnhout waiving w a1(eUing any opiioo, lien, equ~ty, or nght under or 6~ vi~we of ~his A1or~g.igr, ar.d thc
futl amouM of each and e~ery wch paymrnt shall be ~mmc~l~ately dve and payable and shail brar interest 1rom ~ha dste thtrcoi ui~+~l p.,~d ai the roie ol
n~ne pe! centum per annuui a~xl tO~elhc~ ~n•~ih Suth infer_sf shai~ th: Sewred by the I~en of th~s moregage.
d. To permit, commit w suffer no waste, impairmant or dete~ioration of said property or any part Ihereof.
S. To piy all and singu'ar the costs, charges and expenses, ~nc~uding a reaionabte atroroey's (ee a~~d cosrs oi ahstracts of titte, incur.ed o+ pa:d a~
.~ny time by said MORiGAGEE, beca~se or ~n the event of the fallure on ~he part ot ~he sa~d MORTGAGOR ~o duiy, promptly and fu~IY pr~form, d~SCtidryB
e:ecu~e, effect, comptzte, comply w~fh and ab:Je by each a~d every ~he stipu~anons, agrecn,ents, cond~~eo~s, and to~enants of sa~d prom~ssory note a~:d thu
mortga9e any or e~rher, and sa~d costs, charges and eapenses, each a+xl every, shall be immrd~ately due and payable: wh.•rhe~ or ~ot ~hr~e be non;e d~
mand, atte~npt ta to~ied or suit pend:nq; and thn tull amount of each and every suth paymeM shall bea~ iMu~es~ from the date Ihereof ~ntil paid at tht
~.r o~ m~ie p~er centu~n ~ er w~~~,;.n; ~:~d .:;i said cos~s, charg~~s and rxpcnses inwrred or paid, log~ther w~th such ~nte~est, shall Ix sewred bY the I+vn of thb
n~ortgage. ~
6. That (a) in thr event of any breach of th~::Nortgage or default on tFw part of the MORTGAGOR, or (6) ~n the event any of sa:d sums of money
herein referred ro be not promptly and (ully pa~d w~fhin ih.~ty (30) days nex~ aT~e+ the same seveia:iy become due and payab!e, w~rF,ouf de~nand or no~kr,
or ~c} in iha e+ent e„ch and every the stipu,at:cns, a3:eemen!s, ce.^.d~tions artd t^ver.ar~!s o~ sad ~~~~•~~~ssory note and th~s n:or!y,y~ a.^. ~~lhe! are no!
iu1y, promptly and fu!ly performed, d.sciarged, executed, effecred, compiered, compf~ed w~~h and ab~d~d Sy, then in e~ther or any such•event the sa~d ag
~regate sum menrioned in sa~d prom~ssoiy ncre then rr~naining unpa~d, w~th in~erest accrurd, and a~~ moneys sec~red hereby, shall beco.ne due and pay~
ao,e ionhw~th, or rhereafrer, at the op~~on of sn~d MIORTGAGEE, as fuily and comple~ely as if aIl o~ ~t~r s~~d sums of money were or~g~na:ly st:p~:aied
to be pa.d on such d:.y, anything in sa:d prom~ssory note o~ in ~his blortgage to the contrary notr~ithstand~ny; and there~pon or thereefter at the opt~on of
s,.d MORTGAGEE, v~~thout nor.ce or dema~~d, svit at law or in equ~ty, the~eEore or therea~~er brgvn, may be prosecuted as if a!1 moneys sewred he~eby
+:,d mawred pnor to us institut:on.
7_ That ;n the event that at the beginn:ng of or at any time pend~ng any su:t upon this l~Ilortgage, or to fweclose it, or to ~efo.m it, or to enforce
p~ymeM of any c ei•ns he•r~rder, said NIORTGs~GEE st~a~t apply to the Covrt havir.g ~urisd~ct~en the~eo! for the appo~Nmrm of a Recciver, such Ccwt shail
f~:thwith apFoim a recc~ver of s~~d mortgog ~ proprrty all and singu!ar, int~~dng aN and smy~tar tht intome, prof~ts, isiues ar.~i rtrrr~ucs from •xhate~er
swrce derived. etch and e.ery of „tih:ch, ~t bc~ng exNr~ss!y understooci, ~s t.ereoy mongaged as il spec~fica~:y set forth and described in the g~ar,ri:~~ and
h,bendum ca~ses herrof, a~d wch Receiver sha+i have ail the br„ad and effecr+~e fvnct,o~~s and powers in anyw~ze eat~usted by a Ceu~t to a Rec~_~:er, a•:d
s_;h appo+nrment shai! be mjde by wch Cor.t as an admi!trd equity and a matter of abso~ute righl ro Said ASORTGAGEE, and withcut ~efe.<nce to thz
r:_=y~,ty or inadequacy of ih.: vai~e uf the properry mortgaged or to the so.vency or insolrenty of said MORiGAGUR or ihe de~c ~da^ts, and th>t such
proiits, incorne, issues and revenues shaii be appi~ed b/ such Receiver accord~ng to the Iien or equity of sa~d MORTGAGEE ar:d the p~acr~ce of s~ch
Court.
8. To du~y, promptly and futty perform, d~scharge, exewte, effect, comptere, comply with and abide by each and every the st~E:o~aticns, agree:nents.
;_ndihons and covenanrs sa~d proTissory no'e and th~s mo~tgage srt forth.
9. That in the even~ the ownersh~p of the mortgaged premises, or any part thereof, 6ecomes vested in a pe~wrt other than the 610RTGAGOR, the
:``RTGAGEE, irs successors a.^:d asv3ns, may, w~~hout not,ce to rhe 110RiGAOR, d>al with such wccessor or wccessor ~n lnreresr v~~fn refrrence to this
~ igage and the d_~t h~reby sewred 'en the same ma~:ner as with Glortgagor w~thout in any way vit:ating or dacharging the Mcrtyagors' Sabii~ty F~re-
d•_r w upon the d~trt hereby secured. No sale oi the pe:nhes hereby mongaged and no forbearance on the part oi rhe /dORTGAGEE or its s~ccessors
cr ass;gns ard no exrers~o~ of the n:~~e for rhe payment ot the de6t h~reLy secured g~~en by the tAORTGAG:E or ]ts wccessors or ass.gns, a.:a~l operete
- ~o re ease, d~scharge, mod~fy char,ge ar atfect the ong~nai Gab:l,ty of the MORiGAGOR .herr:n, either in whole or in µart.
1Q. It is spec+4~c.~lt~ a9reed that fime is of the essecce of fh~s cor.trac~ and +hat no waiver of any obi:gat~on hereunder or of the ob'igation se-
c:;red hereb~ shai~ af any time ~hereatter be he'd to be a wo~.er of the terms hereof or of the instrument secured he~by.
i 1l. In acid r:~;i to the Fc-rgo ~r ontii'; ~:aym~~nrs of p~:ac pa1 and inte:est req~~red by the prom sscry no~e sec~r2d he••:b~, mortga~or tovenants
i
~ j~ d agrees ~o par to mo-rg~gee v:~~h c•ach mon+h!y yay~::ent an add~r:onat svm ese.:rated by mortgage? to tx eq~ai to 1, 12 0~ ~:~e an:,va! cost of the foiiow-
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~ A-Aii reaf prcpe.ty eaaes !~•::cd e~ 3:5?SS:~ ag~~•~st !h~ ahove d~sc•:b~d rea! esrare.
~ B F~~r.. ~::T Jn ~ifY dnJ ..:"(:STO'm ;rsu~a-:e as 'r,•,rc~r, rcg•~.re~to be car~~.~ cn the lmprovemc~ts s[t~ate on thc above d_sr.;bcd prem,ses.
E C-Pre~m~~•~s o~ such rr.ortg::ge yua~a~vy icwra~.[e as m~rtgagee she~! frc~r t n~e to tune deem 4it to [arry on the luan s°cured heret~y_
~ b!ortgagee s.^.~'I !*o•n r~~~~e fo t~~-:e re~:f; mcrtg,~er ~n w.it!ng of the a.r~o~•~t d~e and payahte hereundrr and s~ch su^: sh.~il th~~re~„ort be due and
~ ,~,+b!e on thr d:e ?ar~ oi ±he rc•xr n;pMh./ pay~nent ar.d e~ch success~ve ^~o~th mereafser ur.ni mertg3gee sha!t ner~fy rz;orryagcr of a change in wch
; ~~u^t. Such sur.z s~a.i 't~c ap~~ ~.~d 'by mor!y;g:r to.rrard :t:e payrt:ent of rcai prcperty taxes, insurance pre:n•ums, a:~d mony,ge guarenty ~nsuran:e
~ emiums_ . -
~ IN \:1Ir~E55 'r.~HEREOF, +he sa~d MORTG~GOR has here~~to set his ha"d and scai the day and year first aforesaid.
, Sealed and rli• red in the preSence of: /
~ (Seal)
~ - [1@t R. D]C ' - -(Sea4
_,L. i ~ (Seal)
Evelyn . DI~? (Sea1)
i E O~ FLORIDA ~
St. Lucie
COUNTY OF 1
~ - Before me personally ap~~~ed- Kenneth R. Dl@W and
BVel}I1'1 L. ~K~1M _ his wiie, to me wefl known ar.d known to me to be
the individuals described in and who exec~ted the foregoing instrument, and acknowted9rd before me that they executed tne same fer the purposes
~ Bvelyn L. Drew
~ th_.rein expressed. And the said__--.-____ - -
Kenneth R. ~pon a se arate and nvate
r,~~e of the said r~ - P P~
~ em~nat~on by me tak•:n sepa~ate and apart from her said husband, atknowledged to and before me that she executed said insirument freeiy and voluo-
~anly and wnhovt any compu;sion, constra,nt, appre s:or, w fear of w from her said husband.
~ WtTNE55 my hand and ofiic~al seal this__ day of November q, p. ~q 73
_ • • ~
f LED AhC:~EC RD Notary Public in and for State ~orida at large
My Comm~ss~on eapires:
Re+~:n ~o: S~• lUC1F COUN Y P . ~ ~ 0•2~ ~t~
• AOCi:r %.~~T
~ fint Federal Savin~s 3 loan Associar.on ~~fkK ~~i;i JIT COUR
oi F~-r P..~_~ RFCORy YE' ~~E~
fort V.~~:ce, Fior~cla
~ .
t~ ZI ~ oc PH't3 a
T_
r , h .
.
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This Instrument Prepared By .1ohn tJ. Coll?}~~QQ82 ~ ~ ~ ~/Q~ ~
l~r.n.sv R`- . _
First Federal Savings 8~ Loan Association _ , , a;• . ,
~s of Fort Pierce~ Flor ida - ~ ~ ~ -
'.~'pv~~"~r" •
Checked By ~ 0,~: : ~
f, • :
~~1~f1 "
°~~~:2?i t~~i:t ~i7 -
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