HomeMy WebLinkAbout2112 To plate a•~d continuousty f~rep on t1~- te,~'~I~~:~n nuti~ or herc.+fte~ ~~'uate on s~~d ~and and on el{ eyu~yment a~.d ~,rrionailY cuycred by th~s mor~g-
ege, wilh all pren,i~n:s ~hr~eon ~e d~n fuli, f~~e ii~surance ~n tha vs..el s~a,r•iard pol~cy form, ~n a s~~n •~.µroved by tha MOR~ei:.GEE, a~:d w~~~d:io~m
iniuron~e in Ihe usu.tl ~~onderd E:o:•cy foi~n, in a wm oFptu.ed by ihd hWRTGAGEE, in Such Cwnpeny Or cum~•anies aS ihe M:ORiGAGEE may
d~rect; snd all fire an~ w.nda~orm inw~ance po!~<«x o~~ any o( se~d buiid,nys, any interes~ the~ein or part thCreof, in the aygr.~yo~e au~n afwesa~d or
tn excess thereof, ~Aall conrsin ~hr us~al ata~~d.,rJ ~norrgagae ciause or such other dause a~ the Mwtyayee may reyu~re, ma4i~g thN ;u~s ~~~der a,~d po~i-
c~es, each and every. pa~ou'e to sa~d MJRIGAGEE af ~rs int~•r~st may a~:pear, and each and every svch pu:~c~ sball be pron~NUy aes ynrJ a~ d dri~~rr~d ~o
any hrid by ia~d AIORlGAGEE as (wiher ~ecwity ~o aa~d mo~~gayr dabt, and, r.o~ It» than ten (101 ~eys ed:a~~ee of ~I~e e¦p~rotwn ot each pof~cy. io dr-
I;ver to sa~d MORTGAGEE a renewa~ i!zcreo(, toye~hrr w~~h a rete~pt for ihe pr~nuum ot such ~c~~e++a!: a~~d th.:~e ahall ba ~w f•re ui wu~ds~o~m u.wrence
pfsced on any oi sa~d build~ngs, any i~~r~rest there+n w part If1ClGO~, U:1~CS1 in ~he ~mm and w~th the loss pay~ble aa a(o~esaid; and in ti~e event any sum
of mO~ey brcOm~s paynWe undrr wch poiicy o~ poLcies seiJ ~AORiGAGEE st~.,ll have the o~~t~un ~o rece~re a~~d ap~.!y fhe sa~~~r on accoune o1 dia inJc~;k:d-
ness secu~ed hc~eby or to perrn~t aa~d MORTGAGORS ro receivN end we it w an~ pa~~ thc:cof tor o;h~ ~~,urc~cs~~s, ...~r~~,:t th,~• w.:~.~ cr i~. a••r•
~ng any rqu~ty, lien or ~~yht under or by vniue of this mo:tyege; a~~d in the evem aald h10RTG~Gl~RS sha!I Eor any rrason fail to krcp the sa:d p~r~nis ~a so
~nwrid, ot fa~l to del~vcr pron.Nily any of s~~d rol~cies ot inwran~e to aaid MOk(GAGEE, or fai: pron,ptly ~o pay fu~ly any prr:~~:~m therefor or ~n anY
respect lail to pe~form, J~scha~ye, rxecute, tf(rc~, cor~~p~e~~~, co~i~ply wirh and ab~de by th~s covenant, or any pe~t hareof, sa~d MC:RTGAGEE mey piace a^d
pey fw scch ins~r~nce or any part thr:eof w~thout waivu~g or alfecring any opt~on, lien, equ~~y, or right undrr or b~ vhtue of this hlortgaye, a~~d tht
fuil amovnt of each and e.e~y such pay~:,rnt shalt 6e immrdiateiy due and pay~L!e and shall hcar intc~rst from the data thcr~of u~~tN poid at the raro of
~i~ne prt cc~MUm l:C~ a~i~u n and to ~cth_•r with suci~ :ntc~ _st shau :~t srw~ed by the lien of this mortgage.
4. To permd, comrnit a suffer no wasle, ~inpairn':em w deter:orat~oo of said property or any pa~t thereaf.
5. To pay all a~x! singular the co~ts, chargea and expenses, inciud~nq a reaso.~able attorney's tee and costs of abst.acts oi tnle, inwrrzd or pa~d at
~ny time by said MORiGAGfE, because or in ~he e.ent of the fa~~ure on the part ol the said MORTGAGUR tu d~iy, pranptly and fuily per(orm, d~s~f~~rge,
,x~•cure, rffect, canp;e~e, compfy wnh and ab.de by e~ch and every rhr slip~fa~~ons, agreements, cond~t~ons, and covenants o~ sa~d pcom~;sory note and th;s
~~o+ryage any or e~~hrr, and srd'cos~s, cherges and expenses, each and e~ery, shell be immed~ete~y due and payable; whethe~ o~ not ihrre be no++ce dA
r,~,nd, atte:np~ to cni~ect or svit pcne+~ng; and the fuN amovnt oi each a~d e~ery s~ch paymem shall bea~ ir.terrst from ihe datQ thereof until paid •t the
r~i~ o~ n~ne F:e~ ccn:..m p.:r an~~u:n; .,n~ .,u sa~d c~sfs, u~e~ges and cxF.e~~ses irx~rred or paid, toyctt~r w~1h suth inlerest, shall be secured by thr I~.:n of th:i
n,orfgage.
6. ihat (a) in tF.~ e~~rnt of any breath ui this Mortgage ot defau!1 on tM part ot the MORTGAGOR, o~ ;b) in the eveM any of sa:d wms o4 mo~ey
hercin roferred to be no1 prort~prly and tutty paid w~rhin th,rty !30') days ncxt ait•_r the same sevc~a:Iy beco~:e due and payable, w~tiwut den~and or twt~te,
or (c) in tha event each artd ever~ the stipuiat~ons. agreemerts, con~lit+ons and covenanta of sa,d prom~:sory note a~~d th~s rr.o~tgage any o~ e+ther are not
~~,Iy, prwnp~{y and fuily pe.furir..:d, d4charytd. eaecv~ed, effect~d, co~nNte~ed, compl,ed w~Th and aG~d<•d ~y, fhen in e~ther a any such event the sa~d ag-
ar ~ate w~n mentioned in saiJ promitswy note then re~na~n~ng unpaid, w~th interev acuurd, and atl moneys sewred herrby, ~hali bEtome due and pay
et.e (orthwith, cr th_rca!ter, at ~he opt~on of so:d A10RiGAGEE, as fui~y and tompletely as if all of thr sa~s! sums of money were or~g~nalty a~:pulatcd
to be pa;d on such d~y, anyth~ng in s;:d pro:n;sswy note or in this Murtgage to the contrary not.v~~hsta~~d~~u~; and there~pon or thrreafte~ at the op:~on of
s~d MORTGAGEE, w~thout nor;~e or demand, suit at law or in eq~~ty, thcin(ure w ~hereaher begvn, may be prosecuted as if all moneys sec~red hereby
r.~d metured pnor Io Js ins~.rvhon.
7. That in the event thar ar ~he beginn;ng of or at any t~me pend~ng any su~t upon this Mortgage, o~ to foreclose it, or to reform it, or to enforce
~.,~yment of any c~~~~ns he•eur,der, sa~d A!ORTGAGEE ahal{ apply to the Court havmg ~wisdict+on thereof for ~he appo~nrment of a Receirer, svch Cou.t shail
Fcrrhwith appo~nt a~ecei+er of sa~d mortgay~-d property ail and singular, indud ~g atl and s~ng~lar tt,e ~ncome, prot~ts, issues and rev~nues fro~n whatever
s_ ~•ce derived, each and every of „`h ch, ~t Le~ng express!y ~nders~uod, n h.ereby mortgagrd ae if specifically set forth ar.d descri~d in the grant.ing ar.d
!.+Lendum dauses hereof, ar.d such R~ceiv•:r shail have aH the broad and effeu~~e funcr:ons ar~d powers in anyw~se enrr~sted by a Cou~t to a Rece~vrr, a~~d
s_~h appeintment shati be made b~ such Court as an atJmrtlyd rquir~ and a n:atrer of a.~,sc~~re r,yht to sa~d AM1ORTGAGEE, and witncut re~r~ence to the
e:tc%aoacy or inadequacy of th~ valve of the proprrty mo.tgeged or to the so•vrnty or ~n:o!w~ncy ol said MOR~GAGCR o. tl~e defe~,da~ts, a~:d that such
~~~rs, prolits, ir.come, issues and revenues shalf be appi~ed by auch Rece+ver accord.~~g w the Gen or equity of sa~d MQRTGAGEE and the pract~ce of such
Court.
8. To d~!y, prompr!y and f~i~y per(orm, d~scharge, execute, eftect, complere, cu~np'.~ w~th and ab~de by each and every the sripu~ations, agrrements,
,cnd"nions and ccvenanrs ~n sa~d promisiory note and th:s n,ortyage set forth.
9. That in the @~'E'~1? the ownersh~p of the mortgaged pre~n~s~-s, or any part fncreof, Lecomes vested in a pe~son other than the MORTGAGOR, the ~
:"~RTGAGEE, its wccessurs ar.d asvgr,s, may, wl~hout ~~or:ce to ttie 1'dORiGAOR, d~•a! w~th wch svttessor a wccessor ~n ~nterest with retrrence to thn
o~rgage and the d_i:s hercoy src~red m the same manr..r: as wnh 1A,rr~ago~ w,fhout in any way vit~ating or d~scharg~ng the l.lortgagors' liab~iity here-
der or upon ~he debr t,erruy sztured. t~o seie of tt.e Fre:s~ises h~•reby morsgaged ard no forbearan~e on the pan of Ihe /hOQiGkGEE or its wccessors
e~ ass+gns and no exter>:on of the t~me for the payment of the debt heret.y sec~red given by Ihe 1AORTGAvEf or iis svccessors or au~gns, a~:all ope~ate
~o re~ease, d.scharge, mod.fy change or affed the orig~nal tieo~~uy of ihe MvRiGAGOR herein, either in whole or in part.
10. It is spedficatl~ ag.red that tinw is o? the essence uf this contract and that no waiver of any obligation hereunder w of the obligation u-
c:,red hereby sha'i at any ur.,e ~hereaher be hcld ro be a wdl~f•~ of the terms hereof or of thc inauument srwred hcrby.
I1. In add.tio-~ to tV~!+ forego ng e^c~;th'y paymrnts of priac pa! and int~~••~st requlred by ihe prom"ssary no'e sccured her~~b~, mortgagor covenants
r d agr:es ro~ay to n:c-~aay~e v.~!h ee;h :^~~n!h'.y pay~:•ent en aei;S.ri~nal sum est^•ated b~ mortysgee to be eyvai to 1 12 of t:~e ~n,~~al cost oF t~e lo:lov+-
'i
i A-Ali real propc~ty taxes (e~~r:'. o. ass~~s~_:i ag.i•~st thc above desai~ed real estate.
j B- Pr_~n•wr.s on hre and wir.dsto:n~ ir.s~ra~.cr as herein req~:red to be carnrd en the :m;,rovements s~t~ate on the above desvibed premises.
~ C-Prer.~~u~r.s o~i wch n,ortg,ae guaran~y icw~er,;2 es ~nortga~ee sha~l frar. t:me to time deem fit to carry on ~he losn secur~d hereby.
; Mortgagce s~~e'1 irr:m t:~•se to ~~^.e not~f~ rnon<;.,g:;r ~n virit~n3 of tne a^ ou•rt due and payab:e hereundrr and such svm shai~ thereupon k~e d~~c and
,.:ab:e on the d~._ e of rh> neRt mor.tF:'y pa~~r.em a~.d e.,ch wccessive ~~+anh rherraft~r ur,ril mcrtgagee shall not~fy mortgogor oi a cfiange in such
s ~_~nt. Such su:ns s!.'.i ::e a;;;~G^d i;y n:cr!ya~ ~r Tor~~vd fhe E,a~rt~ent of real prope~tr taxes, msu:ance prem.ums, a:~d mcityaye g~aranty insurance
~t .~•c^.^.iums.
~ IN Y~IT~JE~S :':HE "O~, rhe sa:d 1hORTGAGOR has hereunro set his ha,:d and seai the day and year first aforesa~d.
d Si ~ ered in the presence of: -
~ ~Seal)
~ . , ~ Jce E. Bronson ~~ai~
~ _ t.c/ ('~P ~1'= (Sea~)
4.'itA@SS _ J?~ -Cf1liSt1 M _ Rrenge~n (Seal)
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~ Si:.TE OF iLORIDA ~
§ St. Lucie -
'_OU'JTY OF 1
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~ Before me personal(~ appeared .~O@ E. BIO1150A _ _ and
~ C~1t1St1 M. Bronson his wiie, to me well known ar.d known to me to be
~ th ~ individva(s describct! in and who exec~ted the foregoing instrument, and acknowiedged before me that they exetuted the same fw the purposes
r
~ r~c~e~n expressed. And the said___~I1SY1 R1'[~nsAt'f ~ _
ti.!e o~ ihe sa~d - -~e E. Bronson upon a separate and private
y= .„m~nation by me taken separate and apart from her s- band, acknowledged to and before me that she executed said instr~ment freely and voluo-
_ ~~niy and w~tho~t any comp:.is~on, cons+ralnt, appreh fear of or Irom her aaid husband. ~
WITNESS my hand and off~c~al seal th~s_ day of 'JdnL1~Yy A. 0. 19 74
~ ~e~ ~ao ktG ~ R
_ 44~(~~y g~~, Notary Public in and or the State of Fbrida at large
CE~ P~1TItR~ / My Comm~ss~on expires:
' e~r„~~ ro: CLERK fIK~UIi ~rQURT ~
Firat Federal $av~ngs 6 Loan Associat:or~FC,~RQ VCk~F~Ej}
~~U~NK! {'Ut,IIC. ~1;~TE ft[;'.i.;;~ ~
' Of Ff,-r P,..~~, ' • • _
= F~,. ~ ~ ~ ~ N1~ "~/',~~{~o,ti~~'iss~or~ txr.ti , ~ti~i. ~-1
Fi:,~n~ e ,~l~- ;i I"' e~~~~(iOfKdfl L'~~~hCff IflfLfiACf COi
- 2'72358 '\S - • ,
_ : ~ _
- This Instrument Prepared By Gary F . E llwooc~ • ~ " _
First Federal Savings & loan Association ~ t ~
of Fort Pierce , Flor ida % ' ;
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_ Checked By - ' 4~ ~
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