HomeMy WebLinkAbout0403 3. To N'~ia and cordinuo•,.vy ke~p on t~~e Lu~ .i~~:gs i~ON or V.eir.,iter s:t~ ate o~~ t,~d :and ard .%n a!~ c;~~~r~~:_~nt ar:d pzrsona:ly coYercJ by lhis mort9.
egQ. WiIF1 all pren~~~~:na ihr~t~un pd~.(/ ~n 1u:1, t~re ~~~.e.,;~•,cc ~n ihe ~S~~.i{ S~underd pG'~Cy fJtm, in J Sum aF,Nruvt•c1 b~ Il~t :~~liki~:.G:~. o~~:1 w~::di~o~m
~nsuranca in ~he usual s~ar~:ia~d Ho:.cy 'o~:n, ~n a s~~n o;,=ru.rd by tha MORTGAGEE, in such <o~r.pany cr co,~,%an:es as the r.:OR(GAGEE may
d~rect; and all i~re ar.d w~nustorm ~ns~~~a~~te pu:~..rs vn any of ss~d lw~:d~~~gs, any intci~sl there~n or part thcreof, in ihe a~g~~ ya~e s~~~~ aforesaid or
in eacesf ~he~eof, ah~ll :~nra;n the ~zu.+i si~~.ci.,~J rr:o:i~~y~•e ci.,~se or wch o~hrr clause as Ihe hlo~tyagaa mey rey~.re. ~»~A~r~g ti,e ,css undrr sa~d po(i-
c~ea, each and eve~y, p.~r•~b'e ro sa~d :~~JR~~,A~EE as ~~i ~~~~~~r~st ~r~ay apµeer, ,~,d each and every a~ch po;~c/ sh,ll br ~.romN~~y ass9~~rd ~~~d dc:~~~r~d ro
eny held by sa~d NAR~G.aGiE as lurihvr ~_cwrty to s~:d r..o~~y~ye d~~~, and, no~ tess than tr~i (101 datis in ad.a~~ce of ~he ex~:~rot.o~ of ~ach po:,cy, to de•
Irve~ t0 seid MORTGAGEE a re~~rwai tiiereof, tuye~h,ar w~!h a r.tte~~~t for the p~c~r.ium o1 wCh rene~a~; and ihere shaii be ~~o fi~e o~ ~~~~~:1s~~••~n ins~rante
olaced on any of s.~~d b;~~ldv~gs, any interest ~hzre~r or part th~reof, ~r:'uss in the (orrn and w~th thp Icss payab!e as aforesaid; ar.d in thr event any sum
of rrSDney beco+nes payaG!e undrr s~ch poiicy o~ pol~u~s sa:d MJkTGAG'cE s+~~li 1~ave the op~:on ro rec~~vr and ~pN~y tne sa~ne on ac:ou:u of ~he ind~ot~•d•
ness secured he~cby or w per~n~t sa~d !AORT:;AGOR$ ~o recr~~e and ~se it or any p:,rt rhe~eol tcr o;~~• r~,ur, ~s~z, sn:~~ 17 .:r •"N,"-
ing cny equ~ty, iirn or r~yht undrr or by vnwr of th,s mcr!gaye; ard m the event sa d h10~2IGAGORS sha!I {or any reason (oi~ to kcc~ the so:d ~em,s_•s so
~nsured, or fail to dal~vrr pro~nptl~/ any of sa~d (wf cies G( ir.surar:ce to sa d h50R1GAGfE, cr fa~i prcni~i`ly to, pay fu~ty any prr~~u~~n ~ncrrfor o~ ~n a•~y
respect fail to pe~form, d:icharc)e, ear:ute, effecl, con~plete, ca~~ply wi~h ard ab~de by th~s cov~nant, or any pa~~ hrreof, sa~d MvitiGAGEE n~ey p.ece a~d
pay for s~ch insur.,nte or an•~ part th~erecf witt~ou~ waioing or afiecting any option, lirn: equity, or ~~yh1 unde~ or by vutue of this hto.~gage, and 1hE
t;,~l a~novnt o} each and e.ery such payment shail br ~n,meci.arcly d~e and payable and shal! bear in~er~st from tho date thereof untll p.:~d ot the raee o1
~ine par cent~:n pe~ ai~tiu~n ~nd to~~•thrr ~n,~`h sucn i:urr.:st sha;: b~~ se:~red by~ the li@n of ihis mortgay2.
1. To permit, co~nrr~:t or suficr no waste, irn~;air~.^.~~nt or det~•r~orat~on of sa~d property or any parf thrreof.
5. To pay aU and s~ng~iar the cosra, charges and eapeuses, h~clud+ng a reasonab!e anorney's fee ard cosn oi abstracrs oi title, incurr~d or pa~d at
any time by ia~d MO~SGAG:E, becs~se or in ihe erent o( th< fa.iure on the p3r1 of the said MOitTGAGOR to duly, pro:upt~y and fu,ly per(orm, d~icharge.
_E~~cu+e, effcu, canN".~rr, co•npty w~th a~~d abde by each and rve~y thc stip~iat~ons, agrern+ants, cond~tio~~s, and ccver.anrs of soid pro~nusory notc a:~d il~~s
,,or~gage any or eiiher, and sa d cosrs, chargrs and eaprnses, each and every, shail be immrd~arely due and payable; v~he!he~ or not rhere 6e nonce d~
r.,:~nd, atte npt to cotieU or suit per.d:»9; and ihe foll amount of each and every such pa~menl shall bea~ in!ereat irom the dar¢ the~eof until pa~d at the
~.~i.~ o° nkn~~ }~e~ c..•ntu~, ~.~r d~~~~,..n; ,:n~ au ss~d CG515, CItd~3~'S and ra;.er.ses uxunrd o~ pa~d, toc~~~her w~th wch interest, shall be sec~red by the i.an of tha
mortgage.
b. ihar ta) ~n the event of any ~r~acfi of ih~s Mo~rgage or defo~lt on tha pa•t of the h10R1G~GOR, or ~b) ~n the eveN any of sa:d sums of money
herein re~arrerl io te ~:ot pro~nNr~y a~~d f~lly E,a~d "~~th[~ thufy (30i deys nrxt a~rar ~h~ same srvera'ly become d:,e and payable, without demand or nonce,
u~ 1c) in rha e.enr eau~ ~nd e.ery ~t:r sey,u.a~~o~~s, a~reemrnts, cond~~~ons ar,d covenann ot sa d prom~s~ory nore and ~hn mor~gage any or e~tAer are not
j~ly, pro~nptiy and i;,~:~ ~ti••f~r;nrd, d~sci~arg_~d. eae:~~~~d. effrcted, comp:et~~, compi~ed wrth and ah~ded 5y, ihen in e~rher w any such evem the sa~d ag-
a~~~93re s~m mrn~.o~~rd in ~s~~ pron~,sso+y nc•e fhen reR.a~n~ng unpa~d, w~th ~nterr,t accr~ed, a~d a:i moreys secured herei,y, sha~l becume d~e and pay-
ao r forthw~'h, or ti,erra'•e~, at •t~e opr~on cf s~.d ~.50RTGAGEE, as fu~~y and comp:errly as ii all of tix s~+d su:~~s of rnuney were or~gma.ly st~pu:ated
io be p~+.d on such d,:y, ,nyth~r ~ m sa d pro.,; sscry note or in this Mwtgage to the contra~y nonvnhsia~~d:ny; and thereupon or therea4ter at the opt,on of
s~.d MORTGAGEE, wrthc„t no~:ce or demand, su~t at iaw or in eqwty, therefore or therratter beyun, may be prosecuted as if all moneys secured hereby
c_d inaWted pnor tn ~ts ~nst~tvt:on.
7. That in the e~e«t fha+ ar the bea~nn~r~g of or a~ any time pending any w~t ~Fe~ ~h~s M~ortgage, o~ to foreclose it, or to reform it, o? to enforce
~:iyment o! any c!.,~•~n hr~e:.~~:der, so~d 1.1JRT'v~G=E sha~! apply to the Court havir,g ~ur,td.ctaon thereoF for the appo,Mment of a Rece+ver, wch Cau~t shail
ro~rhW~rh appo~nt a rece~~rr of sa~d mertg:.grd pro~rty aii and s~ngu!ar, inc;ud,ng aii and vnuu~ar t1:e mcorr~e, prof,ts, issues and ~evenuea from whatever
s: ~,~ce derivzd, each and e.~ery of wh.~h, n be~n9 eapressly unders~ood, is hereby mer~9ag_•d as ~f spec~f;~ally set forth and descrfbed in the g~anrmg and
1•aii<•ntlum c!avses hereof, and scth Ri~cei~rr a`aii have a~s the bruad ar.d effecnve func~,ons and po~.vers in any.ti•ise emrusted by a Court to a Recciver, a~~.d
s,ch ~ppoi~tme~~t sh~tt be m,ade oy such tc„rt as an ad~n~tied eq~~ry and a~*wtter of ahso~~re r~gM ro sa:d AS~iRTGAGEE, and w:fhcut reierence to the
e.l~austy or inadequatf of tF.,,~ vaiue of ehe pro~rty mortgoged or to the socrnty or ~n;c'vency of sa:d MORiGAGOR or thz def~ndanis, and that w[h
••,ts, profits, inccme, issues and revenues shail ba apa~~ed 'oy s~ch Rece~.e~ ec.crd,~~g to the I~en or equ~t~ of said h1~RiGAGEE and the pract,ce of such
Court.
8. To d~'y, promp!fy and f~lty pe~form, d~scharye, exe,ura, effect, compiete, compl~ w~th and abide by each and every the stipuiat~ons, agreemenb,
;~nd:t~ons and wvenants ~n sa~d prom~ssory net. ,;nd ~h~s mcrtgage set lorth.
' 9. Thet in the event the owne~sh[p of th> rt,ortgag;-d pren:ises, or any part thereof, becomes vested in a pe~son other than tF.e MORTGAGOR, the
:'.~RTGAGEc, its successors and ass~gns, may, w~ihout no!~ce to the 11GRTG~OR, dea! w~th such s~ccessor or successor (n interest v~~th reierence to th~s
~ o~tgagc and th? d_ut hcrety se:ur>d. in the same ma<<ner a5 w~'h P~xtg.~gor w;tho~t in any way vit~ating or d~stharging the ?lVO+tgagori hability hert
_r.drr or upon ~he d_t~t h~reoy se.vred. Ne sae of ~l:e Fre~:~~sc~s h~,reby :T:o~rgcyed ard no fort,eara~ce on the pari of rhe IJIORSGAGE[ or its successors
cr ass~grs and no exters~on of rhe t~mg for the paymer~t of ti~e deb! hereby sec~red gi~en by the 1'h~JRiGAGEE or its s~ccezsors or ass gns, a~~all operate
ro re~ease, d~scha;ge, modify changc er at(e.t the or~g~nal iia~,l~ty of the MORiGAGOR herein, either in whofe or in parf.
10. lt is speuficaily agreed that time ~s of the essence cf this contract and ihat no waiver of any ob.`igation hereunder or of the obligation se-
rred hereby sna': at any t~me therea4~er br he.d to be a wai~er of the terms hereof or of the ir.strument secured herby.
! t i. Li a;;d.T;ca !o the :ore.^.c +~g ^~onth'y pa~n;~n+s ot princ p~i and interes' requ~red by the promissery no'e sccured he~eby, mortya~or eovenants
~ ,,i „yrees ro rey to n:crtgagce v~~?h each r,onrh~y Hay- ~er,r an acia,+~~nai sum -rsi~~.a'ed by mortgagee to be equai to 1_ 12 ot rhe arowaf cesf of the fotlow-
~
A--A:I reai ;,roperty !3,c~s I~~~r;ed or assesv:o yg.+~ sr the at~~+e de>c~i;:d :_ai estate.
B Pr,•~ _ ns e~ f~r.• acd v::r.dsto :n;vr;~~ c..• ~s i~e~~~n ~:•cy.;:~ed to br :_rr+~ d c^ thr ;.roveme :rs s~iuate on tha above d_scr~bed premises.
C-Pre+^ u:^s o~ ~vch n:or+y.ge gu.,~anty ~csu•a~ c ~s ~r~o~!9ag_e sF,a!1 !ror. r me to ti•ne derm f~t to earry on the loan secured here6~r.
K~ortga?ec s`-a ~ f~om t:r-,e to !i•~,e r.ohfy r.•c:tc,a3cr ~n o~r:r.~g of the aTou~~t due and payable hereundrr arid such w~e shaif ther~upbn be due and
~ ,
~ ,;ab'.e o~ :~~r c.,e noc•~ oi ei,~ ~,x~ ~~en~t,.y pai:r~nt ar:d e.,ch success~ve n~,o•~'h !nereaft:r ur.~il mcrtqa~ee shaH net fy me~tgagor of a change in such
# .'ount. S~:h s~~~~s 5~,;~~ i_ a:~y.~.l~•~.I by m:;rs.,_:~~e tor;a-d the p;ayrr,ent of re~l prc{.erty taxes, insuranc~ prem.vms, a~~d mortgage guaranty insurance
e . ~~emwmS-
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~ IN CltliiE55 NHEREOF, the sa~d f1:ORTG%-.vOR h3s F._re~r:to set his ha d ar.d scal the day and year fi: t afo~e aid.
~i Sig , Se~` d and ~~ve~rd in the p+eser.ce of: '
~
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~ ~ Ter (Seal)
~ - ~l"f- - ~ u t (Seal)
y _ (Seal)
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~ ;":.TE OF FLORIDA
~ St . Lucie ~
~OU'~TY O~ ~
~ Be4ore me perso~a,Iy appeared _ T@Ity I~i. Keathley~ a sinqle aC~lllt -awr
~
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~ _ _ _ _ _ =1ilS~Nlil, to me ~well known and k~o~vn to me to
r? t~,e ind~vid~a~ desvibed in and who exec~ted the foregoing instr~ment, and acknowiedged before me that ~he, exec~ted the same for the purposes
i~ tF,erein expressed. ~Aee~fhesa+~i-
,.;fe~aiMie~a;~==- ----_r------------------------~-~-----'vPe+ra~epe+s~e~t*+dprim~ete
' ~.+rw:r~as.ow b~r w±o ia:w~-s~,~anaM -awci- ap+ra ir~~? i~~. ssi~ wwb.~wd eekwowkdged ~o-awd ~eio~r w~s ~iist-siKS~ e~cx~rtecL ~aid-iwsw~wr~cM ~re~i~ ~r~.volw?.
-~xel~ e.~d ~r.+lbaet-anp «npe;~+o++r ea.n~re+ne.-nT P*e+~ens'e~; ~of fee~-oi ror irair F+er ~a+c~-F+oabe~dr
+V ~VITfvF55 my hand and offic;al seal th~s_ . ~IZ'~ day of F eh r ua r3~~, , A_ D. 19~_
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Netary Pub!ic in and for the Sta1e of Fiorida at large
My Comm+ss~on expires:
= Re:urn io: _ . ~
First Federat Savin^ys 8 Loan Associat:on
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of ,•r P,:c~~. ,
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= For, F,,.,v., F:o: J+ ~j ~
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: F~tc~, eti. ~tCURDED ~ ~ ~ •L3 t ~
~g This Instrument Prepared By Gar y F. E l lwood ST. ! t,~ j:fti ~ Y Fla. ; a• . P-~ . _
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' First Federal Savings 8~ Loan Association , Q~RT .s ' ~ : _
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~ of Fort Pierce , Florida ~F ; _ ~ _ ;
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- Checked BY ~ t E8 Z ~ 3 Zo PH , •
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