HomeMy WebLinkAbout0099 3. Ta r'acr e%,d canGn~o~s~y Mrep on the. ! d."gs i:a.v or 1•rr~v~te~ ~~t„eir on s.,~d :and oi~d on a't .~q~y ..~•nt ard ~~.rrsona;iy eo.rrrd by th~~ n.ortg.
ege. w:th aIl przr~'„~ n1 tt~c~ron d.n f..:l, t~•tr ir.i.i~.^..c ~Yic ~sc~l stai .l.~~d ~;u:.t~ iOrm. in J s~m arprti.~•d or tii~~ l.1vk,.~:.GiE, o J w,~,,l:tuun
nsurance in the ua~at s+anda~d ~.o:.iy t~r•n. a s~::~ .,;;.iwed by the f.tJRTGAGEE, in such cc~+pany or c~~~:~:an.rs ~s the t:.QRi;;AGEE may
di~eCl; and all (i~e a~~~ w•~ndatunn fnsu'ancr po.:c~ri on aiiy of ia~d '[~.n'~d.ngs, any inlerest th~~rin er pa~t thrrcol, in the aggrcyo~t S.:~t~ e~G~esa~d ar
in excess thr~eof, shall ea~t..in ~i~e uwa~ s+a::d.,~d ~r,o: ~y.,gee ci.:use or zu;h orher c~:~se as the hlnrtyeyre u~ay rr.t~,re, n~al~ng thr :oss ~~~drr s.+~d pai-
cirs, ea<h and evrry, pay:.L.r to sa~d ;.1uki~,AiiGt us ~ts ln~cr<st mey aNpc.i~, s~d each and c~.ery such V..!:c~ sk~~ll ue {,ron~~,N~~y assg•~c.i e~~~.d da;~~cn.d to
eny Fxld hy sa,d t.t0~l;,AGEE at iv~rh~r s_cunfy ro sa.d on~eye d~_ut, a~~d, no~ !~•ss ~hon ~~n (101 da~a in ad.~nce o~ rhr exp~rat.un of e~ch pohcy, to de•
t,ver to sa~d MORiGAGFE a~e~~c•v.~~ rhrr~oi, royerhr~ v.;th a r~ce~p1 ior th~~ pre~rnum ot such renrwo!; a~~d Ih~re shyll ~e no i~re cr .~:~~cs>>.,~~n insvrance
placrd on any of so~d bvi~d~nys, any intrrest ~heie,n or Ea~t ti~~~~•oi, unfess ~n ihe form and •x~+h the toss p.~~•ol,:c as afcresaid; an<! in the event any 3~m
o~ munay Leco~~1tS payaL:t ~nder wch poi~cy or pol,c~~~s Si:J A~ORTGAi,FE s!..zti have ihe oy:~:on to rec_~~ve .,~,d apy,iy m~ 3a~nr on accou:~~ of tha in,i_tnrd-
ness sewrt•c~ h~rcUf o~ to pe~n~it s~~d MORiGAGORS lo rcCr~r~ dr:d ~it it O/ e~•y ,•oit 11.c:.~of f:n ut~~~:t „scs. i..~~!.,...t :h:.~.,. c~ p~r-
~ny any eq~~,~y, i,en w i~yi~t uncfcr or by virlur of th~s n~c:'~age: ai~d ~n tnz evrnl Sa~d M02TG4GOR5 shall for any traso+i fail lo k~•~-p th@ sa~cl prem,s:s s0
inSw~d. or fei! tp d:•:w.~r pro~npi;y dn~ p~ sa~d ~.ol.!ies oS ~nwr~~:te ~O fa d MOS2TGAGEE, ot 1:.:: p:cmFtiy to pay 1~ 1y any p:r:ni..~? tner~•lor or ir. any
respect fai~ to perform, d~s:h,~r~~e. exrwte. eifeU. CnniN'~tc. to~~;:ly ~-ith ond ab~Je by th~s cove~unt, or any F;erf htreof, aa~d MGRT~AG~f may ~!~ac. a..d
p~y for such iniur.,nce or any part th~•reof .~,~~ho:.t w~a~vi~~g or affecting any opron, lien, equ;ty, or r~yh~ u~i:ier or b~ v~rtue of thls hlertgege, a~~d the
amount of each and e~e~y s:.ch paY~e~~•~v shall he .~~~n,ed~ate:y i!•~e a~:d payob!e a~~d sha~l taai intrrrs~ from tha dote th..rcof u~~~il pa~d at the ra~e of
-~~e p~~ trn!v~n per arn~, n and to:;~~tr;,•r v.~tl~ S;ih ~.it~ :~s~ SVIe,~ :,r sc~.,:~~:! hy the f~en of th;s rnortgage.
4. io pe~mit, co.nmit or s~ffer no waste, i~~:paif~:~~nt or drtrnor~t~er~ o! sa~d {:roperty o~ any p~rt thereof,
5. To pay all and singular the cos~s, charges and eaNe~.srs, ~nuud:~,g a rra;o~~able atro~ney'a fee and co:ts of abstraUS of t~t'.e, incurred or pa~d at
,~.y ti~r.e by sa~d MORiGAG'.F, bec,use or in rhe e~eni uf ~hr fo:wre on ~he ;.an of ~he sa~d M110RTGAGUR ~o d~ty, pru:-~p~1y a~~d f„'.ty pe;(orm, d~su:a~ge
.._cure, efirc~, co~np'e~e, co.nF,:y ~n~~th and a~ de by e~ch and e+ery rhe stiputo!~ons, agrrrn+~•~rrs, condinons, ar.d covenar,rs oS sa~d pfo:~,.;so~y nore a~.d t}~~s
-~~.tgage any or e~~hcr, a•:d sa.d costs, char9es and.expensrs, each and eviry, shall be immed,a~ety due and payaL:e; whcthei or not ahc~e be no~~ce d~
n~~r,(!, atternpl to co!-:ect or wit pr~,d.ng; and tt~e futl ,mount of each a~,d e~ery wch ~~ayn~ent sf:~tt Lear ;nr~res~ fro.n rhe da~e tt+errof until pa~d a~ the
•.•r. u` n;n~ per c~nt.,rn yrr o>>:~,, n; ~u s~,d wa~s, ci:o ~~s a•~d ~a:.~•:,ses ir.curred or po~d, toy~tF.~r ~v:th wch ~nterrst, shatl be srcured by tt~e I~rn of th,~
~no; rgage.
b. Th~t (a) in the event af any Lr~acfi o~ this hlo~:gage or de!~~ir on thr pmt of tnc N.ORTGl1GUR, or ;b) in th~ event any of sa d sums of money
Fer~in te~crtetl t0 ~e nol rro:nF,r1y ercj fU!iy ~,a+cj ~•v~t++ir, th~~1/ ~,3U~• ~~/3 ne.t att•_r the senie Sevtrd~ty Lrcu:~ie C1ve a~id paya~!e, w~tho~+ de~»and Or .nOt~CC,
cr ;c) in the event ~~ach and e~ery ~he stipu.anuns, ayreemants, co~:d~nons and covenents of sa d p~on,,;sory nc~c a~,d th~s mongage any or edhcr are not
lU:y, p:omptly an9 tu~ly perfonned, d,schorgcd, eaccutcd, effecfad, to:npietrd, corop;~ed ~•r~eh ar,d ah~drd Sy, ~hen in enher or any svch event the ao~<! ag-
a',~g3tz st:m ment~oned in S3~d prom~sso+y rw!t than r•~r.a~ning t,n~a~d, with in!cre;t act•oed, end a~! moneys St-turi-d herrby, Shdll b~•con,e d~e and pa,r-
~o e forfhwrth, or ti~ere-~fte~, at she op~~on o4 s~.d h10RiGAGEE, aa f~iiy a~~:l comp!e~e~y as if aii of ~t,..• sa~d sums of ~~oney v.ere or,g~na,ly st pu:aled
ro be p.;.d on such dcy, anyth:ng b~ za d~ro r„sso~y note er in th~s :`.ortgagr to the convary not,v,thstsnd~~+y; and thcreupon or the~ea!ter at the opt,on of
s'.:! b10R1vAGfE, w~tno~t nohce o~ demand, su~f at iaw or in eqo,ty, tncrefore w therroher begun, rt:ay 6e prosewtrd as if a!1 moneys secured hareby
r.: d matureJ pr~or to ns inst:tutwn.
7. That in the e.ent si~,r at rhe be:~inn ng o~ or a~ any t~~ne pending a~~y su;t upcn this Mo~iga~e, or to forrc{ose it, or to relorrr, it, or to enforce
p~yment of any c::i~ns hereu•;der. si~d t.!URiI'~AGEE :hai: ,.F;pfy to the Co~.t ha~.r.~~.g ~unsci~.c:.o~~ the~eof for the apHC~ntment of a Recrivcr, wch Ceurt shali
i;;~rh.v~th ap~~c~nr a rece~ver of se,d mor!g,ged prop~rty a:t and s~ng~_ar, inciudng s:~ a~~d s~~~gv:ar t1.e ;nceme, prol~ts, issves and reve~,~~~s fro:n wh,te~er
s:v•ce der:v~d, each and evcry of •.ynch, rt b.~~ng exNr,ss:y ~ntlars~ceJ, n he.cuY rr,e:tyri.•d as ~t sHec~l~ca::y set forth and descrbod in the g~a~u~ng and
h.,i~endum t:auses hereof, and suth Retr~:er sh~il havc• ali the br,;ad o~ d Et<<Ktiv@ fU~'i1.G+'~S nr.!~ pov,ers in anyw~sc enh~sted by d Co,rt to a Rec~•~ver, and
s;n appo~nrn,e~v :ha~l 5c• n:ade 6y such Ce:.n as an ad o~rr~d eqv~r~ a+~d a m~~rer ct a6.c:u~e r:y1,i to said MURTGAGEE, and wi+ho~t refere~:ce to ti,e
r_!•_y~sty or ~~adequaty c.f ti;t ya~ve ~f the property mortgag~d ur to tne sc v~ncy o~ ~~~:o..cncy of sa:d MORTGAGOR o+ the de`.e~:dants, a~d tfi~t such
~~~~ts, prol~ts, inco~r.e, ~ssues a~~d revenurs SP1diI be appi~ed cy such Recr~vtr ac.uru,~:y to the Len or equit~ of sa~d A10RTGAGEE and the prauice of such
Court_ '
8. To f~U~y, pfGr~;.t'y and ful!y perlo~m, d~scharge, exewte, etfecf, carr.~ie~c, cun,p~t w,~th and ablde by each and every the st~pu+ations, agreements,
~^.dificns and covenants •z s.+~~ pro:e~.ssory no'c and th:s mo~tga3e srt forth. -
9. Thar In the e~•_ it the owncnF~p of tne mo~tgaged prem~ses, or any psrr thcreof, becomes ves!ed in a person o~her than the /dORTGAGOP„ the
~~RTGAGE[, irs s~cu•ssurs a~d ass~3~:s, ~nay, w~:hout :~o+~c: to tF~e :!ORiGAv~, dea! w~t~~ such s~cce5sor or successor in interest ~v~~h reierence to ~~~~a
~."yaye and :~e d_bt F~creby seCu:ed ~n ~he Same r..ancer as n-ith :".c;rt~agor w,!h~ut in any .ray vrt;ating or d~sci~arg~ng the l.",or!93gors' !id'oility her~
. ier or ~F~on rhe d~~b+ h~ rrby s«~r,d. P.o s~:e oi tt:e ~~r~n se; hvr_by ~cortgagrd a:~d r.o fo~'vearance on the part at efie /AORTGAG[E or i•s successors
oss:gns a:~d .^.u e~rers:on o! fhe tv*~e ior the pa~nent ot tr.e d<~i,t h•.~rrty sec~red g~ven oy tne t.tOQIGtiGEE os its successors or assgns, a~~a~t oper,ate
ro re'ease, dscharge, mudrfy Cf~ongc' or aHect the ong.nai I:a~„ ry of the ~'ORfGAGOR here,n, either in whole or in part_
10. h is spec~fica~iy ag~eed tl:at rime ~s of rhe esse~xz c1 this co•~rract a~:d ehat no wa~ver of any ob':ga~~on hereunder or of the ob!igation se-
a;red herNby sha i a; an~ ti~~e th~reoiTe~ b_ n~id to be a v:o~.e~ of ~he tern,s herrot o. cf the ir~strurr.ent secured herby.
11 Ic ~o:i e,o~ to th: loreqo n~ . ~.~:!h'y payn~~:nts oi ~>rin: and iroerest requ~rcd by Inc prom-.sicry ro'~• 5;cur2d hC~.:b~/. AlOfT~3^yM tovenanfs
i a~r=,s !o ~;oy tc ~:c•tg ~c~_e ..ch e~~+, ,ru.,.h y:..~,- :rnr an ;;i;; r~o::ai w-i~ est ated b/ mor!g.~ge" to be eqva! To 1 12 oi ih_• a.~:.vat cost of the 1oilo+v-
, p_,~!~ •cal ;;,cpr•r1 t~r,>s lrn_d o• aas:,..._:i sy,~•:s: Ync aE~o:e d,;c,1t~-rl r:,i esrate.
6 Fr_~ i o~ f~rr _r:;y ..;r.d'>!c..•~, u•.s~_r;~c~ cs i~.~:~~.c ~.~q~~red tC br~ ca~r;_-S c~~ ;F.e ~~r~;.roveme~ts :~tuate on !h~ above d_sc'ibed prrm~ses.
C-P~~:>~u~~s on =u<h n:o:t~;qe g.,ar;•:r~ !,,,~a•:~ az «~rry3yee si~~~i '.c:-: rn~e to t~mi, c~~~n f~t to ea•:y o~ the Iean sccured i~•_•rrb~.
I~!o,rgsqre v., ~'•c, , r, eo ~,e ~.o^i; ~ro•r,,.,g_r ~n ~:~~~,..:3 of ti:e a:r o.: ~t d.e and pavai~le hereund._r and s~ch su~n sha:~ th,.~rrupon be d~e and
,~b'e on rh_• ci~., oi rt~= ,._•.t n o•rth.r ~ ~r., ..t a,,d e~c~ s.:ccesuae :,.onTh ri,r:eitv:~r vr.n' mcr!y3gee sha!1 not.fv n~crryagor of a chan~e in such
~n!. $uch srns s~ a ~>e ,~_~1 %;y ..,_r,y.._ t;;.:a•d ~ f,o~^:e~~T o' pr:,~ ~~•t~ taxes, ins•_~ra :cc prem.~ms, a.d n.urtyage g~aranty insurer.ce
, ,.'E.!;~ums.
I'd ':Jlir;,j$ ;,~~REp~, ;ne s~:d ',10RTGAG::R has fiereu .to set h~s hs~ i and s•~.,! ihe day and year first aforesa~d.
~ Si ned, Sedled and ciivered ~n the reser.ce of:
~
t"i r /
X 9 P ~ ~1.~c~ /'4'-- ~-G-~f11''J'~ (Seal)
E IIJ@~55 i__ L11C10U5 JdC~C50 ($eal}
i ~i~~_ ~ '~-~-'_`-y~- - W ~ Q.ts!-t (Seal)
; `i.l~I]~5.5__--- _ 1 n (Seaq
` ~':.7E OF ftORIDA ~
s St. Lucie u
'_Jli'JTY OF ~ -
t Lucious Jackson
Before me persona;iy appeared _ and
~ KatlQ .J~CkSOt~ his wife, to me well known ond known 10 me to be
~ ind+ridua:s desc~~6~d :n and wfio execu~ed th~ forego~~g instrumenr, and acknow~edged before me that they executed the same for the purposes
~~,e~ein expressed. And the sa~d__.___~atl~.js~~'kSon__,!
.:.fe of the sa~d _ __~i~iau~aekson
~ - - vpon a separate and private
~ ~=•jmma:~on by me taicen separate and a~:art irom her sa~d husband, acRr.oF-fedged to and beio~e me lhaf she execuled said instr~~neM freeiy ar~d volurr
~~~ly a«d w~thout any ceT~p~:sion, .unstra~m, a~.~rehen;.on, o`r fear of or from her said husbar,d.
WITNESS my hand ar,d off~u31 seal this_ ~'~c_ day of____ FQbr11~~Yy_ A. D. 19 74
: F ~ ~E ~ ~ 4 } ~ t~ - o E o ~,c~~,ti.-, ? .
ST. tUC : ;~tN; T FU. -
';.,5~ ~tiotor{ Pvb~~c in and o the $tate of Fiorida at large }
( , vi c C( ;;kT ti17 Comm~ssion expi~e :
Ret~r~ To: .
Rf Cf,v' . '7
first Federal Sav~ngs 3 loan Associat.on _
O` ~crt P• C r f ~ N~!ary Pt~1:c, 5?e~.x ef Elen~a a1 L_-oe
s;_. ~V ~ 34 AH' 1~ ~ !.l~ C~r..n~ss.ca .>plrr: Gc'. S9iG
r' F'.~:'Ce. 3 1,. ' -
: 2 ~
~~3 Eona_d A~~- -°n f:r: c. C,s.:.r~'~ Co-
i . -
Gary F . El lwood
~ Thi; tnstrument Prepared By
~ First Federal Savings & Loan Association ' .
y of Fort Pierce , F lor ida J ~
3 ~ ~ ~ r~- ~l 4:
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