HomeMy WebLinkAbout2239 3. To place a~~d ~ont.r.~.o~i:y krrp on tiu L~~ J~~ 9s n.•w or 6rr..•~f~er ~~tuate on sa~d fend and on ~C cqulpmcro and penona:iy co.cr~d Ly Ih~a mortg•
e90. W~1~1 ell prc•n~~v:nf Iha•tco'• ~ioc~ ~n ~u:V, ~~re u.Suior.tl` m 1hC us~d1 ito:,duc~ Nu~~ty foim, m A S~:m d~.NiO+rc~ b~ If~_ h'.Vi1,l~:.GE~, a~~t~ +~~r~~uaWnn
~nsurente in Ihd uiual S'anil~rd E~o:.ty lwm, i~ d suni aFpr..rd by tha MVkT(~iAGEE, in suc11 <Ompany ot tu~c~,an.es os the :'.GRIC,AGEE m3y
d~rrc~; and all fua a~ d w~ncl~~orm ~nsurm~ca pot~c~.>s on an~ ol s~~d b:~~~d~nys, any inte~nst th~rr~n o~ pei~ ~i~.~~c~l, ut ~he e~g~cgste s~~n a~o~esa~d or
in eicess ~hrrcwf, s1~e11 :omain ~i~e ~sw~ sia~.JarJ mw~g.~gre c~ausa o+ such oil~er c!,~se as the Moriya~eo may ~eq~~re. ~~~aM~n9 tne was u~~:lrr ~~:J poli• .
c~rs. each and every, payau'e to se~d t.tJRiGA:~EE as ,ts :~.~~r~s~ ~~~ay apprar, end eact, ~nd evc~y ~~ch p:,i~~~ it~,u I,r pra~nNfiy a~s y~~.:d o~~d de,~•~•~~'d ~o
•ny held by said tdOR~'vAGEE as ~~rther src~rity to sa~d n~urtyi~r•deut, a~~d, no~ ~efs than ten (10) d~~a in adro~~~e o~ ih~ exN~rot~on of each Ho:~t~. to dr-
i;ver f0 se+d :~~ORiGAGEE a renew'al ~he~rof, tbyrihar v~~th a rt~ceipt for the prr~nium 01 such rei~e+.al; and there tFwll L~ no i,tr or w:~~datc.~m u•surante
plated on any of se;d bui~d~:~gs, an~ inte:eal ttxre~n or part ~hereot, ~nt~ss in the fo~m and w~th ~he ioss parable as alcreseid; and in tF~e evenl any aum
ol money betomea payablr ~nder wih polity or po~•uvs saiJ MORTGAGEE tE~:+II have tha opt~on to recr+ve .,i~d ap~~ly tl~r ee~ne on auo~nt of Ihe iudc:~~rd~
nesa securrd hereby or to perm~r ea~d MORIGAGO~S to recr~va and ~se it or eny {>art U~r.~uf icr o:i~.,r ~.~~~.,~rs. ::~~•~:J •r
ing eny equ~ty, Grn o~ r~yht und.~r or by vi~t~e of th~s n:octyage; and i~ the evem sa.d MOBIGAGOkS shatl for ~ny ~eaion ia~l to krrp the aaid prem~a.,s so
~niurcd, Or feil t0 dr~~vr~ p~o~~ptly a~y cf Said {~oLc.es o+ ~n~uranCe to sa:d MORIGAGEE, Cr fai: pron.pfly to pey fwty a~ty prr•~~~~•n thc~e4ur o~ ut e~y
respect fail eo per(o.m, d~sch,rye, ea~•c~te, r14eu, co•n~~lrtr, cornply .v~~h and a5~de by ~his covenen~, or any pa+~ hireol, s.+~J MURii,AGEE niay p~ate o d
p~y for such insur.~nce c~ eny part thoreof w~tho~t waivinq o~ aftecring any op~ion, !ien, equ~ty, o~ r~ght under or 6~ v~:r~e of this Ato~tyayr, and the ,
t~ll amOU~~1 of eech and e.e~y Such paymeM shall br ~mnttdeetaly d~2 and payaLle and Shall b~~ar int~riit fro^~ t1W d~te Ihcreol u~~fil pwd a1 t6e ~a~e ol
~~~~e ~n~ ce~tum ~er aivw~n ,,~~d ro~.•th~•r wnh wu~ i:~r~~r~~sr sh.~~: b~• scc:.red by Ihe lien of th~s mortgage- "
io permi?, co.r:rn~t or suftrr no waste, in•peinrenl or det~r~orot,on of sa~d property or any part thdr~wf.
5. To pay ait ar~d s~~gu;a~ ~he costs, charges and eaF,er,ses, :~~ciud~~~g a reawnabte aftorney's fee arid ccsrs of abstraUS of tifle, incuned or ~,a~d at
a~y ti~r.c by so~d htGR7GAG'_E, ~eta~se w~n ~he rvent ot thr (a~wre on ~he pa~t of ihe said MURiGAGOR to du:y, p~u~r.pNy and f~~ly perform, d~xh~~ye.
_,ecute. ef(et1, comp:ete, conp~y w~~h a~ed at~.de br e:.ch and eve~y the itip~~la~~ons, agree~neNS, tondiha~s. and covenants of aa~d pro~nissory nofe e~~d ~h~s
rorrgage any or e~~he~, ar,d sa d costs, chafgrs a~'d eapensrs, each and every, shall be immrd~alely d~e and payeble; whetAer w not the~e be ~ot~ce d~
r.wnd, atte:npt to col:ect or wi~ pend:n9; and the f~Il anwunt oi rach and every s~ch paymrm sha? bea~ ~merest from the date therrof ontif pa~d af the
~,f~ o~ n~ne per c~~~su~, yar e~;~wn,; o~~~ ait sa~u wsts. ct~e:q~s a~~d a.;aenaes ~ncuned or paid. togett~e~ w~ih a~ch ~nie~est, sholl be securcd by the ban of th~s
mortgage.
b. Tha~ (a) in tha erent of any b~each o( thia Morfya~r or de(a~lt on th~ part oi ~i~e YORTGAGUR, or (b) in the event any oF sa:d sums of money
~~•.ein referred to tr_ not pro~~~p~1y anJ fvlli F,a~d .v~~t~In ti~..ty ~30; dais nrAt a'~er the sa~ne se~era:fy become due and payable, withoW demand o~ nonce,
or (c) in thr event rach and evr~y ~he eripu:at,ons, agreernents. cond~t:ans and covenanes of s~,d promiasory no~a and th:s mortyage any or erther a~e no~
1~~y, pro~nptiy and f~ily perfo~•r.ed, d sci~ary_d. earcut_d, eftectrd, canp{eted, compl~ed w~~h and ab~d~ d Sy, ~hrn in eoher or any such evenl the aa~d ag
~r•_~g;,!e sum rnentioned in ldid ~~OnnSSJfy IHA"r, then ren a~oing unF,md, wi~h in!rrra~ at-;,.ed, ar~d ail nwnc/s securrd hereby, shall become d~e and pay
a~ e forth,nith, o+ thereaf!rr, at tlx opt~on of s~:d A1URiGAGiE, as I~IVy aed complefely as il a!1 of ~hr said s~ms oi money wcre ony~na~ly st~p~~arrd
to be F:a:d on such dcy, anyfhing in sa d pro:r.~ssory nute or in th~s Moitgage to t4e comrary no~ v~ths~.~~:d~~~y; and the~eupon or thereaher a~ the o~it~On of
s-,d MORTGAGiE, w~Thout r.ot~ce o+ drmand, su~t at !aw or in eqwty, thrrofu~e a: tt~ereaftrr begun, may be pros~c~ted as if all moneys securud hereby
n~d mewred pr~pr to ns i~st~tutru~. .
7. Tha~ en the ev.nt rhar at ~he begin~ ng of or at any t~me pend~r.g any su?t ~pon th~s Mortgage, w fo foredcse it, o~ to ~e~crm it, or to enforce
~:+iment o~ any c~ai•~,S ht~r~::d~••, se~P ubORT~AI;EE s;~ai~ aH;~ly to the Court h3n~~g ~ur:~d.ct:on the:eot tor ~he appo~Mment of a Receiver, wch Cou~t shaif
f~~fhwirh a~,p~int a recei.er of s~.d r~ortg.eyed p~oF:.~rty a1t ar.d s~ny~tar, indud ng all and s:nyular It,e incume, prof~ts, iasues and ~C+en~CS frorn wh~tever
s~~rce d~•~i+ed, ee.h and eYrry of ,~,t~.ch, b.;~~~g exNress:y ~nders~ood, ~s hereby mor~gayed as if speohcaily set fonh and desenbed i~ the 9ranhng a~~d
i,~:~ndum c~auses he.~rof, a~d such Rece~+rr shali have ell ine br~ad ar.d ei(~ctlve f~r.c~ ons and po•~ers m anyw~se entrustrd by a Co~r1 to a Recei~e:, and
s;h a,^.FOmtmer.t ah3l: Fx r. ~,de by svch ~o;.~t as an ad~•~ne<d rquny and a nwtter oi et:soi~ir nght to said h10RTGAGEE, and w.tFwu1 refere~~ce to the
n i_yuaty or inadeq~acy of tke vai~e oi thr proF,rr:y rr.oreg.,ged o~ to +he so:vency o~ ~mo~venty of said MORiGAGOR or the de4~r~da•~ts, and th~t such
•~TS, pro(its, intome, ~SStiNS and revenues aha? be apNl:~o by sutn Recrr+e~ ac.oid~i:g to the Len or eqwty of said A10RiGAGEE and fl~e prad+ce of Suth
Gourt.
8. To duSy, premptty and fu~~y per~orm, dncharge, exec~te, effect, cemplete, comply w~th and a6ide by each and every the stlpuiations, agreements,
;cr,d;tiuns and tovenanti ~n a~~d promisscr~ retc a~~d ths ~n~rog,ege srt forth.
9. That ~n the event thc o+fnership of the mortga~ed ~.rern~ses, or any pert thcreof, 6ecomes vested in s person other than ~he MORTGAGOR, the
.;;RiGA~iEE, its successori ~cd aisigns, may, wirh~~t r~cnte to the VORTGtiOR, deal w~th Such wtcessor or s~cct_ssor ~n interest wrth ie~ertnce to thi3
,•o•iyage ar.d the drbi hereby secured in the samc rna~:r_•r as wrth !d~,rrgeqor N~1F1OL1 in an~ wey vihating or d~schargm~ the RScrtyagori IiabilAy here-
,:irr or upon the drGt he~eby sccwed. No sa;a of tl~e Frern~SeS her~b~ ~nor~g,y~d ar.d no iortea~ance en the pan ot ;he ?AORTvAGEE or its successo+s
c• dSi:(Jr,S and no efrens:on of the tu- io~ the payrnen~ of tt:e debt h^~eby securrd gS+en by the IdORiGAGEE or i~s suctesaors or ass gns, a~~al: operate
ro reieose, d.scharge, m:,d~ty char~e or affect the or;g:r..,l i<ab.;,ty of the N,GRiGAGOR f~r~ein, eit?~er in v.ho{e or in pa~t.
10. It is spec f~catty ag~eed ~har nme is of t1,e eisence of th~s co~~tract and that no waiver of any ob~~ya~~on hereu~der or ot the obligat~on se-
;_~ed hereby sha1~ at an~ time tn•;~a•r(ter b_ n~:d to bc a wa~ve+ of ihe terms hercof or of ~he ms~r~meM sec~red hcrby.
I 11. ln aocl.!:c~, to Ihe fo~cge ~'.~i ~~~.o~:'ii`~ ~:c,r~~:"rnts ob ~~.ri~~c ~nd ~~.f..•est re~u~red by the prom-ssory nu•r so."red 'n:~:rb/, mortga~~r eo+enaros
i , d egrecs to pay to ;r.o•tgayee oh ea:h ~:.or•rh.y e•~• an a~d.~,cnal w•n ..ss .,,,ted br mortya3ee to be eqvoi to 1 12 ot ~he ~r,n~at cost of the foI!ow-
E ~
~ A--AII rea' Froperty t,~ias ~cvfe~: or a~s: s•._d eg~~ ;s? ti,~. above dcsc~ib• d re•ai es!ate. _
E B- Gr r~. ~s.s on f~t•• and ~.r Jsr~'• s•.~ a r: rvy,;-r_-d to b~- !a• ~•~ti cn tfie ~~.m~:~ave^.~e~is s~tvate on ti-io abovc deSC~iLed prem~ses.
~ C- Prrr.:~,,.>~s on <u~h r.:urt~.a,r gua ~,r..y «.s~r.~ .+z ~.~~a~3.~e shr;! ir.~~ t~r.~ to t,rne d~rm fit to carry on the loan sewred hereby-
~
~ h!ovtgagee S`-~-~~ jr~m tk:r,~~ to tS•:~e .^.o'~f; ~r~o~ty„~~r !r. ~,r,t:ng of th•~ an~.o~~nt 3ue and payab!e here~ndar and auch su~r sF~:ai! there~pon be due and
~ „aF,le o~~ ~be ti~z o.~+.: or :i•- ~~•rt :,.o ~t!' .~e.~t a•~d e~ch S~:CBSS~VC 'LO^th therea!rrrr u~:til mcrrga3ee shail neKfy mor~gagor of a char.ge in such
' - ~ VsY' .
~ . _„m. S~th sv:en Ee a;:;'....1 i:y • c.eg~~..r ~o~„i•d ei,a F,eYn,r~~t o; prc~,.,rty raxr~s, ~nwra:ue prem,ums. and mortgage yua!anty insurance
~ ~•-enu~ms.
IN '~VITNE55 :'.H;?COF, ti~e s-i~d .~ORiGA'vOR has he~eu-~to set his h~~:d ar.d sral the day and year firs? atoresaid.
~ $~gned, Sea!ed and de~ivered in the preser.ce of:
~,'~V. G'~ c.~./ ~ ,l,t~LG z-~ C~_~1~Sea1)
~ l• ess _ ~~an Ha2ellief~ a sinyle adSiLt
~ . ~J I]~~~~=-['
' (Seap
~ ~ •itness _ csean
~ S' ~TE OF iLORIDA
~ ~ S5.
~ CJU'JTY OF L~1Q -
Before me personally appea~ed _ SL«r1 Hl??elli~ ~$?11~ZQ adult = d1~d
_ _ _ _ _ ~waww , to me well known and known to me to be
~ .e ind~vidua~~ descri6ed in and who execused the fo~egoing instrument, and acknowledged before me that qhe~ executed the same for the purposes
~ ~F,~..Pin expressed. Aw~~~~id.~~__~~~~~~-~~~z~~~~~~~-~~~~~~~~~~~~
~ r.,Fe-oilhe~eid- _ --_-_----_~_____~~~_________~~~~__~~~~~~_~____~,raaepmat~andprive~e
~rar~w~.by lne~akor?.feP~r.s~e-+wd ~~aeu 1ro~+.twr~aatd 1i~tbawd.aek.worv~edged .~o-and b~fw~ ~ ~ha1..s1~~ wwcuted saicLios+r~rneot-fseoiy ir~d~www.
w w r. ~-,~M~s.,? ~n~r K~rvlw~n? ea+s+~wtr sppreieewna+. ~eer~ eF-or ~rern i+e+seie~ Fwnbandr
.•:iilf~
WlTNE$S my ha~id eqd officiel seal th~s_ L r'"--_ day oi Janua.ry A. p. 1974
' . ' -'~';i r> __~~~L;~v~_ ~ - tie~ -
~ -
~ ~.1~: • ~ A.yrj kECURO Notary Public in and tor tht ~ta of Flotida at Large
' ' ~ ••0~ ~ n Y jY ~~IIUC~E :.3Ja1~ ky Comm~ss~on exp~ies: `
"3 _ ~ ,R,e~ycn Toi ' = " ~ p~I7R~~
= RGGE
first;Fed~s:u,CEeZings` [o~r? ~lssociat.on C~_ERK C:=~UIT ~OVRT
' 41 ~`'~~'"~i ~ RFC~iRr y~i:IF1EG
~i ~Fo~ ~ce. t~c~d~^ NoFory pubGc. S?cla of F1~rido art Lcrg~
.
(p Comm~
~iiV ••j•~~ti _ 3 ~M ~ MI ss:en F~p:r~s Oct. ~0. 14~6
~J ~ ~ 1 ~ bedad b
, ~ .~'C t..~ r Amer~wn Fn 6 Cosvottr Co.
~~~~~Ne
i r ~ t lt~ti,~~
°t' This Instrument Prepared By Gary F. Ellwood
First Federal Savings 8 loan Association
of Fort Pierce, Florida ~
= Checked BY ~i~~~~~~t~ sb
auoa 222 r~tE2,~L:~
~
- - _
, _ _
- -
~ - _ -
~ N
;
~ ~
. .
_ ..v..._... .
-