HomeMy WebLinkAbout1032 To p~ace and ~onrlnvo~sly keep on U~a Lvi'd~r,gs n~w or hereaher a:w.+te on sa~d ~and and on aC cq..~p~~l~n? a«d pe~so~a~iy covr~ed by th~s mortg-
ege, w~th all premwmf f~rreon Na d m full, fue ~nswe~~ce ~n the uwa! ate~~Jo~d yo'~cy 1orm, in a sum aF.pru.ed by the rr~UR~v%.GfE, ar;d w~nd:torm
~nsuronce ~n ~he us~al s!a~~dard po:.cy io<<n, in s ~vm' a~.F.ro.rd uy the 1dJRTGAGEE, in s~ch co~npan~ or ccmi=an:es as the htCk1;;AGEE mdy
d~rect; and aH iire ar.d w~~dstorm inw~ance po!~c~cs on any of sa~d build,ogs, sny in~erest the~ein or part ~hrreof, in ~he aggr,;~a~e w~~~ aforesa~d o~
in e:cese Ihereof, shall co~~tain rt~e usu~l s~anda~d ~no~+~ayc•e c:ause or svch other t:ause as the Mottgayre may rry~~ra, mek~r~ N~e iaas ~~de~ sead po~a
c~rs, each and z.ery. pay•ibir ro sa~d ~ti1JRiGAGEE as ~~s ~n~cr.st may appear, and ract~ and e~ery such pu:;cy sl~oil be promptiy ass g+~rd a:.d dz:r+cr~d fo
any hald by s~~d h10RiGAG:E as funhe~ secur~sy to sa~d ~~~c~~gage debt, a+~d, not less than ren (101 days in ad~ance of the expira~~ai of eech pol~cy. ~o dr-
I~ver to sa~d MORTGAGEE a renewat ~hrrrof, to~eihrr v.ith a rece~pt for ~he prem~um o( such ~enewa.; and ihrre anall be ~w f,re o~ w~~~osw~m ~nsurance
pleced en any of sa~d b~i!dings, any imeraa~ thrrrm or par~ the~eof, unicss io the form and w~rh the ~oss payab!e as afo~esaid; a~d in ~he event any sum
ot mooay becomea payable ~nder s~ch policy a po~,uas sa~d MORTGAGEE sh~ll have ~hr opt~on to ~rcr~ve and apyly the sa~ne on accoun~ of the iudabrrd-
ness secured hereby or,?o permit said MORTGAGORS to rccr~~~ ond ~se it or sny ~a~t ther~~of ior orn~•. Hu+i:::ses, v.~~~.u~:t th:r,u; .r~~•~ ~7 c~ N~~'•
iny any equ~ty, I:en o~ nght under w by virtue of thia mo~'gagr; ar.d in ~he evem sa d MORTGAGORS shall for any reason fail ~o keeF The :a~d p~e~~~scs so
~nsured, or fail to de~~ve~ p~anN~ly any of s.+~d politie3 of insur,~nce to sa~d MORIGAGEE, o~ f~~1 p:omp~ly to pay fuily any pre~nwm thrrefor or ~n any
respect fail to prr(arm, d,scharge, eY~rcuer, eftea, con~plete, co ~,ply wiih and ab~de by thii tovenant, o~ eny peri hrreof, sa~d MORTG.>GEE may piace a•.d
c.~~ tor s.:ch ~nsur~nce or any part thr~eof w~thou~ wa~vi~g or affrc~ing any ophan, lien, equ~ty, or r~gM ur.der or by vi~tue of rh~s Mo~tgege, and ~he
{,,~1 amovnt o( each and e.try such payn,ant shall be im~ncd~arely due and payable and shall baar intc~est from the date th::reof unti~ p.,~d at ~ne rate ol
~~~~~e p::r canwm per anni•~n and to~rth~~r v~rth s~:~ ~~~tc:cst shaii !,e srcurad by Ihe lien of this mortgage.
4. io permif, cornmit or suf(er no woste, impe~meent or dctrrioration of said properiy or aoy part the~eof.
5. To pay afl and singular tFw costs, charges and expensrs. ~nciud~ng a reasa~abie attorney'a fee and cos!s of abstrads of title, incwred or pe~d at
a~,y time by sa~d MURIGAGEE, because or in the event of ~he fa~~ure on ~he pan of the sa+d A1UR1GACaOR to duly, promptly and fu~~y pe~form, d~x~arge
: a.~cuta, effet~, comp:efe, co~nply w~th and ab de by ea:h and every the atip~iaf,ons, agree~r~ents, conditions, and cove~~anrs oi sa:d pran~ssory note and ~h1s
,:orrgage any or e~~her, a~+d sa d wsts, charges ard exprnses, each and every, shall be immed~ately due and payab:e; whe~her or not there be nc,nce dr
m.,nd, atrempt to col;ed or s~it pendmg; and the f~ll a~nount of eech and every such paymer.t sfiali bea• interesi from the date thereof unril pa~d at the
r~ o~ r.;ne per ccntu~~ prr ar~w:n; and aii said wsrs, ci~arges and cx~anses incurred or paid, together w~th such mterest, shall be setured by the I~en oi th~s
~noregage.
6. That (a) in the event of any brcach of this h1o~r~age or default on tF~ part of Ihe MORTGAGOR, or (b) in the event any of sa:d sums of money
h_•rein refe~red to be not premp!ly and futly pald v.-irhln th~rty ~30) days next atter the same se~era:iy becon:e due and payabte, without demand or not~ce,
er ;c) in the e~ent each and every ihe stipu:at+o~zs, agrerments, cond~s~ons and covenants ot sad pro~~isso~y note and th~s mortgage any or e~ther are not
iuly, promptly and fvity ~ertormad, d.sch3rged, eaewi~d, effected, compteted, compl~ed w~~h and abided 5y, then in e+iher or any suth event the sa;d ag-
~•ugata sum meM~o ~ed in sa~d promissory note then remaining wipa~d, with interrsl a:trucd, and all mcneys setured hereby, shali beCOme due and pay
e:;•e forthw;th, or thereaf~er, a~ rhe opf,on o1 sa~d M0~2Tt'iAGiE, as fu~ty and completely as if a? of the sa~d wms of money wtre ong:natty st~p~:ated
ro be pa:d on such dsy, anything in sa.d pro:nissory note or in this Mortgage to the comrary not:rithsta::d:ng; and therevpon or thereatter at the opt•on of
s::d M,ORTGAGEE, v.~:hcut ro~~ce or demand, suit at iaw o~ in equrty, there;ore o! thereafter brgun, may be prosecuted as if all moneys secured hereby
r._d matured pno: to ns ~n:trturwn.
7. ihat in the event that at the beginn:ng ef or at any tiere pending any wit upo~ this Mortgagt, or to foreLtose it, or to reform it, o~ to en(orte
c a~ment of any c~~ms he~eu•.der, said :L10RTGAG:E shati appiy to the Court hawng ~unad~ct;en ihereot fo+ the appo~ntmem of a Receiver, such Govrt shail
ra•!hwi~h appo~nt a re:e~.er ot sa~d ~r,otlgaged propc~t j ail and singu:ar, inciud.ng aii and s~nyuiar the income, qiofds, issues and ?evenves from whatever
s_ v•cr des~.ed, e~ch and every of wh.ch, ir br.ng exNress:y understood, is hereby mo:tgaged as if spec~fically~t-fo~th and dexribrd in the grantin~ and
end~m c~avses h_reo~, a:,d such Rece~~ar iha~l h3ve all t!~e broad a~~d effectE.•e funca.cns and ~qwers in anyw~se emrusted by a Court to a Receiver, aod
s;h appo~r,~ment sha:i bc ~*:ade by such Court as an ad nht~-d e qu~ry and a~.:atter cf absc`~te righi 1o Zaid MdRTGAGEE, a~d wi:hout reference ro the
eci_.~u,ty or inadeqvacy of t'r:e vafue of the property mo~tgaged or ro ~he so.vrncy or ~nso~vency of said MOINC3AGOR'o~ the defe~dants, and th3t suth
-•.•:,+s, profiss, incane, issues and reve~iues shall be app~~ed by such Rece~ver accord,ng to the lie~ or'eq~ity ot said MORTGAGEE and the prauice of such
Court.
8_ To du!y, prompt'y and t~i~y perferm, d~scharge, execute, efrect, comp~ete, comp~y w~th and abide br each and every the stipuiations, agree:nent~,
,cnditions and tovenanrs :n said promissory note and th:s mortgage set forth.
9_ Tnat i~ the event the owne:sh~o of the mortgaord premlies, or any part thereof, becomes vested in a person other ihan the MORTGAGOR, the
h:'JRTGAGEE, its s~cc~sso.s ard dS5~j~15, R'13'~, v.:ihout nctice to the h50RTGtiOR, dcai wnh such svccessor or success'vr in interes~ with reference to this
~~~~gage and sne debt hereby secured in the same ma~~ner as w~ih lblurtgagor w~thout in any way vit;ating or dischargir+g the ldortgagori liabitity her~
~•-der w ~pon the drb~ hereby setv~ed. Mo sa:e of ti:e F+err;ses hcreby rncr~gaged and no iorbearante on the part of ~he ?hpRTGAGEE or its sutcessors
cr ass~gns a~d no extens~on o1 the t;:r,e for the oayme~~t of the debt hereby secvred given by the MORTGAGEE or its successors w ass~gns, al~ail operete
~o resease, d~scharge, mod~fy change or affect ~he a~g~nol Iiab~l~t/ of ~he N.ORSGAGOR here~n, either in whole or in part.
10. It is sperf:caliy a9r~ed fhat t~.ne is of t6z esser.ce of th~s comract and that no waiver of any obligation hereunder or of the obligation se-
c~red hereby sF.ai: ar ani t~~:e tnereatter b> '~~:d to be a w~~+er of the terms hareof o~ of the insrrument secured herby.
11. In ad:i t.o~ to t!:~ f5•: y: n.~ ^'o^ih y;;~~, _nts oT pri:~c , al and in•,•res! requ~red by the prom ssory nore se.urzd hereb~, mortga3or tovenanis
i :7 ag~^es to pay to ~no:t~ayee .:~~h ra~h r:~~n+h y~;~,• er~t ar aad r~ona~ sum cst. .~.ated b/ mo:rg3gz? to be eqvai ro 1, 12 of rhe an:,ual cost of the foitow-
i '
~ A-A!: re~~ prop•~+ty tax~~s ie,:c~ o~ assess:ci ag:i`.it tht a:~ove destri~.!tJ ;~al e:~ate.
~ B-Fren.:u •~s on f~r.~ aud f~~ndztor~n ~r.w~~~•ce ~s iie~em rey~~red to br ca•:~rd on the :mprovements s~'uate on the above described premises.
; C-Pre~a~v~^s on sucn morty ige gvarar.!y irs~~ra~ c~~ as ~~:o•tgagee shail fre ~ t~^e to time dcam fit to carry on the ioan secured hereby_ _
~ Mortgagee s!:a!t 'rom t~me to time nonfy mo~lga3Gr ~n Nr~t!ng o4 the ac*~ount due and payable hereunder and such sum shail thereupon be due and
; able o~ th_ dve ciate of th> neat m.~~nth:y payme~t and e~ch w:cessi+e month tnereaft^r vrtit mo~tgagee shall not;fy mortgagor of a change in such
3 o,;nt. $uch su:rs SFe.I :,•e apt'.~e~l u•~ ~n~rtgag~e to+•ard the payment of rra: prcp-=rty taxes, insuracxe prem:~ms, and morigage guareniy insurance
i
'z .-~'rmfums. ~
? !V ~:ITNESS :+HEREOF, the sa~d !dORTGAG02 has here~^to se! his har.d and seal the day an ar first afores
Si ned, Sealed a: d deSivered in the presen~e of:
f J f1! E~ hl~~Y FL~. a0
= _ N ; 3 T "
~ _ _
~ ~ _ -
~ s7. pu C,-_ :-;.tR~s ~ e ard len
cseaq
¢ ~(!rJ/ C.Cli.~'C__'C`---=%L .?c~%~L'~ _C!ERA .:,~t; C~UR?,~ (Sea1)
„ F t = - " Ann Al len
` ~ - - ~ - - (Seap
~ S~.4TE OF FLORIDA t FEB Z7 ~H'Z~ ~1
~ St. Lucie _ i 2~~~Q`f
~JU:~TY OF _
~ ~ J Wa.yR@ BC1NdYd All@t1 and
: Before me personally appeared _
~ _ .JO Ann Allen his w~4e, to me well known and known to me to be
~ r~~;; irtd~v~dua:s descri~_d in and who executed th~ foregoing instrurrKQt, acknp~y~dg ed befwe me that they eaecuted the same for the purposes
W ihe~ein expressed. And th~ said_----- VO ~n Al~len
~ Wa e Bdward Allen
~ r::~e of the sa~d - ~ upon a separate and pr:vate
' c.arn:nat~cn by me taRen separate and apart from her sa~d h~sband, acknowledged to and before me that she executed sa~d instr~me~t freeiy and volun-
~ _:;:y and w~tho~t any corpu's~on, constraint, apprchens:on, o~ fear of or from her said husband.
WITNESS my hand ar.d off~cial seat this__ ~ G day of-_ RebYlldYy ~ A. D. 19 74
~ -~~_L- ~
Notary Public in and for the S te of Fbrida at large
= My Comm~ssion expires:
Retvm To-
;:3 First Federal $avings b loan Associat~on Y~_
^~^~7 ~r~. ShM ~i f~rt~ N 1~?~
_ pf P.` My Coenmi:+:on Exp;ra Oet. 70, t~7~
,7 Fo,; P~.,.c~•. .,~~J; 8ond~d br Art»ricon Fi~~ i Co~uoltr ~a.
..t`~•~`~~%i~
j~ , ~ ~ ~ U~x~j~,~~~'
` Roberts Jr. ~ ~ - ~
r„„ • ,
This Instrument Prepared By J. H. ~ ' ~
• ~ ~ , : L~ ~
F~rst Federal Savings & Loan Association , ~ •
of Fort Pierce~ Florida = - _
- U
Checked 8~--- : -rs-~- ~ •`~j ~ -
~ 224 FA~1031 - ~i:~
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rti ~ ~ 7
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