HomeMy WebLinkAbout1352 To pfaca a.^.d cont~nuo~niy kcep on u~e b.~~.•J~~.9s now or her~•after f~!~ate un sa~d lerx! a~d an alt eqv~H~~~e~t and peroona~~y co.er~d by ih~s n~o~rq-
ege, w~~h all prtmwn~s ~hcreon pad in fu.l, f~re inwr..~•cr ~n thr usvat s~ee~de:d pd~ey iorm, in a wm aFp~o+ed b~ Ihe MOK~~%~GEE, e~~d w~:~J:roim
~.,wronce ~n the ~s~ai stonderd po:.cy funn, in a sum aF.~~~o~ed Ly ~he h~JRiGAGEE, in iuch ca~~pany or co~~p~n~es as ~hr AtiURIGAG:E n,ay
d~reU; and all lire ar.d w.~~~swrm ~nsurance po:~c~os on any of smd l,uiid~ngs, any interrtl therein or part thcrcol, in ~he aggr~qa~~ s~:n atore3a~d or
in exc~si thrreof, a?~all :ontam ine usvat eta:~.da~d mortg~gre c+ause ar such o~he~ c~eusa as ~he Mu~tyagee may rrywre, maAu~g rhe :cas u+~Jer t~~d pol~
c~rs, each and every, pa~ab~e to said ~ti1i)RIGAG[E aa ~ts ~ro.•res~ may aNp~ar, and each and e~c~y such pot~c~ sh~ll be pron,Nt~y ass y<«J e~ d de~r.c~~-d
er,y hrld by sa~d MORfGAGEE as lu~~har s~-c~r~ty ~o s.+:d :~=urt~age deut and, not Irss ~han ten (10) deys i~~ ~d~ance ot tne exp~ret~on of eoch po~~cy, to de-
I~vr~ to sa~d ti10RTGAGEf a renewal thereoF, togr~har w~th a recei~,t lor the prr~n~vm o1 svch renewa'•; and thr~e shall be no ~:~e o~ .w1~,Js+u~~n ~nsurance
pl~ced on any o) said b~i!d~ngs, any imerest shere:n or part iherrof, un!ess in the fo~m and w~th the Icss payable as afc~esa~d; and in thr e:ent a~y sum
of money beco:~~es payaWe undrr wch poticy or poLues ae~d ASpRiG~GEE s1:.+11 have ~he op~ on to rice~ve ~nd ~pF'IY ~he same on accou:~t of the ind~u~.~d•
ness secured F~reby ot to per~n~t sa~J Mt~RTvAGORS to r~ce~va and use it or n,.y par? thc:eof wr otncr ~.w~vs~ s, .~,ri~oct thr~ r.+ n~~.~ ~3 .
iny any equ~ty. I:en w~~gh~ undrr or by vutua of th~s mo:'~a9e; and in Ihe evrnt sa:d MORTGAGC~RS sha11 for any reason fail to Aetp ~he aaid premii_s so
:~~wr~d, or fail to dr!rvet pro~z~p~ly any of said poLCi~s of inw~ance to said ~hORTGAGEE, cr fa~l promptiy to (~ay fu~1y any p.•e~~,w~n Iherefo~ or ~n a^y
~espect fail fo perlorm, d~siharge, executr, effect, con~pleta, tomp~y with ar~d ab~de by ~his cu.artint, or any part ha~rof, S.ud MVR1vAGEE may p~ace a:o
ior wc6 insuran.e or sny part the•eof w~th•• t wa~ving or aifecting any opt~on, tien, equ~ty, or n~ht unde~ or ~y virtue of ih~s Mottgeqe, er:d the
amount of each and e.ery such pay~nent sha~l 6c ~rn~nediatcly d~e and payab~e and shetl bcar ~nrzrest frorri tha date ~hrrcof u~~~it p„~d at ti~e rate of
,~~e per tentvm per ann~m and !o_~r~hr.r ~ni~h su.h ~nr~•r~•sr shaii !~-r ;.rcured by the ~ien of this mortgage.
4. TO {xrmit, ccmmit or Sufier no wnste, impairrn~r~! or det~noration oi said propcrty ot any pa~t thereof.
5. To pey all and singu!a+ the costs, charyes a~:d expenses. ~nciuding a reasonabie anorney's fee ar~d cests of ahstracts of t~t'e, incurred o~ pa~d at
+~y ti~t:e by sa~d MORiGAG°E, because w in t!:e e.rn1 of !he la~wre on the part of ~ne said h\ORTGAGOR ro duly, pro-npNy and f~;iy paiiorm, d~fc~arge
._;ute, etFect, comptete, co~~:ply w~th and ab.dr by each and rvery the stipulat~ons, agreemants, cordit~ons, and covenanrs oi aa+d prom~:sory note end th~~
•,ortgage any or eirher, and e~d cosn, cha~yes a~~d rapeni_i, each ar.d every, shalt ~e immed~ately due and payable: wh«-iher or not ihere be not~ce d~
rt and, atte:npt ro co:Iect er suit pend:ng; or,d ehe futl a~nount of each and e~ery >~ch payrnent shall bfa~ in~•_res~ irom ~he dare th~reof unril pa~d at ~he
r o~ n,~tie uer ccn:u~n Ncr an~~u:n; .:nd etF ssid ce:is. ci~arges and eapenses ~rKwred or paid, tog.:tl~rr w.th s~ch ~nte~est, shail be secwed by the I~en o1 th~s
morrgage. ~
6. That (al in the e~eM of any brcach of th~s AAorto3gr or defeulr o~ the part of the ti'.ORTG~GOR, or ;b) in the event any of sa:d sums of naney
t.erein reterred to be not promptiy and fuily paid v:itfi~n ti~;:ty ~30) dars next ahe. the same se~e+a!ty become due end payabte, w:thout demand or nof~ce,
or ;c) in the e~ent each and rvery ihe stipu:ar~ons, ogreements, ccndiewns a,id covenants of sa:d promissory no+e a~~d th~s mortgage any or eithe~ are not
iuly, µromptly and i~tfy perior:r~~~l, J:scharg:d, e~i•cutrd, eft~cted, comp:eted, comNl:ed w~th and ab~d•~d 5y, then in e~ther or any svch event the sa~d ag
~~rr wm menr+oned ~n sa~d prom~ssory ncte then remafn:ng Wipd~d, w~th imrro;t accr~ed, and ail mo~ieys secured hereby, shall become d..e and pay
,o e forrhw~th, or thereafier, at the op+~un ot sa~d ~.10RiGAGEE, as fu;~y and comptriety as if a~f of ~he s:+~d sums of money were or~g~na~ly snpu:ated
~o br pa.d on such d~y, anything in sa d pro:n;ssory note or in this ti'.ortga~e to Ihe convary not.v~thstendin~; and thrreupon or thereafte~ a~ the opt~on of
e~.d MORTGAGEE, without not:ce or denwnd, suit a~ la+v ar ~n rqu~ty, Thete~ore or ~herealtrr k.~rg~n, may ~e prosecuted as if a!i mo^eys sec~rrd he:eby
n:d matured pnoi te ~~s inst:tv!~on.
7. That in the cvent that at the beg~nn~ng o4 or at any time pendi~g any suit upo~ this Mortgage, or to foretlose it, or to re}orm it, or to enforte
~.,ymen~ of any cle~~,~s hereunder, said fA02T~~.AGcE sha~l .;pply to ~he Cow~ hav~ng ~u~~sJ~cr;on thereet for the appo~ntment of a Recr~vzr, s~ch Co~~t shail
i..•rhw~th appo~nt a rccei~er of said mortgagrd prOpet2~• ail ond singu'ar,'ind~d.r.g oit a~~d sing~~a~ IF~e income, p~of~ts, iss~es ar.d revenues from whatever
s_ ,rce derived, each and every ~f wh:ch, ~f t,r:~~~q express'y undeistool, ~s heje~y mortyaged as if spec~fically set for~h and desa~lxd in the g~ani~ng and
i;6endum c!auses herrof, and s~ch Rece~ver sh~~1 havc a:~ the b~oad and effecf.ve 4u~•ci.ons and powers in anyw~se entrusted by a tcwt to a ReceiYe~, ar.d
s:n ap~.w;ntment shaG be made by suth Court as an ad,~~itred Eque~y and a matter oi abso!ute nyht lo sa~d MORTGAGEE, and withcut referencz to the
>'._~quaq oi inadequae/ of the vaiue or the p+oF,rny n~ongaged o~ to tne ao.v~r:cy o' insoivency of said MOR7GAGOR a the defendants, a::d that such
-~~s, prof~ts, income, iss~es and rrver.~es snaii be appl~ed uy such Rec~~ver accord.~:g to the lien or eq~ity o1 sa~d MORTGAGEE and 'he proaice ot sucn _
Caurt.
8. To d~ty, prompYy and fuily per{orm, d~s-Furge, execvte, ef~ect. cornp!ete, co~.~~iy w~+h and eb~de by each and every the stipufat:o~s, agreements,
__r.d~~~ons and covenants in sa:d pronasscry nete and ~h.s mortyage s~•1 forth.
9. Tnat in the even! she ownership o~ tF.~ mo~tgeged Frr.+ :ses, o~ any parl tnerecf, becomes vested in a person othe~ than the MORTGAGOR, ihe
:~P,TGAGEE, +rs wcceswrs ar.d ass,3ns, may, w:thout r•c+:c=_- to ti,.: ;:.OkTGtiOR, ~rai w~th such wccessor or wtcessor er. ~nleres~ :vith reicrence to th~s
~•'gage a:;d thc d•~ut hereby se:~red in the sane n,3^.ne+ as .r+*h f: ~rt~ogo~ vv~thout in any way vit~ating or d:xharging the ASertgagors' iiability herr
_.<-r or upun th~ debf he~eby se:ur_•d. No sa;e ot ~he ;:e•~Jses hereby rnorty_grd ar,d no fo~bearence on the part oi thz t14pRTGAGEE or its succesaors
d35:r-J~S ar,d n~ exrens~on ct me t,me for the parrne~~r oi tr,e d~L! h=+ecy secureo given by ihe 11tORTG~.GEE or its s.:ccesscrs or ass:yns, a~-~a!t operate
r?~case, d:scharge, mod:fy change or afEect tne or.gir,.:i ::.;o.;;t~ of thr h~CRIGAGAR t~erem, eitner in wiioie or in part.
10. It is specficaiiy :;grred that tirne ~s c( tht easrrce cf this contract and that no waiver of any obt~gauon hereunder or of the obligation se-
_rad he~eby shali at any ti~:e mereaher be hetd ro be a wa~ver oT fhe rerms hereof w of the inst~umeM secured herby.
'4 I l. In aciJ.t e.~ !o fhe fo~ege. rnomh!y paym-,ms oi p•i:;: pa: ar.d imerest requ~red by the prom;ssory ~o!e secured herebf, mortya:~or covenants
' t,,uees to pay t~ r.:Grtty.iyee ~~'i~ each :n~n•Ky Ya;r e•v ar. ad:Lronal sum •,,,.ared by mo:tgagee to be eqval tu 1, i2 of shr ann,;al cest of t6e folEo:v-
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~ A-A!1 reat ~:rupc'+y tax,s :r'~i-a cr asses',ci eg:~•:s' ~nc. ai:~v<' deso~_:,d rr,e! estate.
~ 6 Fr~;n,~u:-,s c-~ f;re a^d vv~~:d->ro•~n :r.s•.•a~ cr as rrr~•~^ r_~q•;.red to be ca-ri•~d cn !he unrrcvemeits s.t~ate on tha above dasvibed premises.
; C-Premi~,~ s o~~ svch mo:t f~ge Oti3~3''1~ ~rv~ra~ :e .+s .nr-~ig..jgee si:all from ~ me t~ t:me dre:n fit to carry on the loan securcd hereby.
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~ 1.lortgagee s^+ I'.~ ••i to :~~-.c f, _c•tg..3:;, .n v.•~t r:g of thc a~~ o~~~t due anJ payaole hereurder and such s~m shail there~pon be due and
~ .,ble on th~~ c'.ue ~:r :F.> n:..t •::o:,?n.; :u~ f e~~d ~::fi su:teis~:e -r.c.•,t'r. !-•eafter uct~i mertgagee sha!I not;fy mo~!ga~or cf a thar.ge m such
~ ~•~nt. Such s~~ns. :~.i i;e a. F: ~ed :,y :-wrr:3;_:,e vc::::~c !i,e ~.,yn er.r ef re ~l prcF:erfy ta,ces, insvrance pren,.ums, a~id mortgage guaranty inswance
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~ - IN \ViiDJESS :'.H~RLOF, the sa+d r~Q;{;a;~c~J t~as ~ers•r..to se; hi> h~;.d er:d seal the day and year first a4oresa~d.
~ ned. Se~'ed a:,d de7ive:Qd h pres~ce o~ / f~ '
~ L ~~-t.l L~~- ' l! - aq
~ ~ it eSS l•, ill "am N, H11 "On ~~a~~
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/L l~ ' e?i'k (5eal)
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a ~=tn~~~~-Lf-~-~~,~t, ~;,,:~y____ ~'aura Nilson t;e~,
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~ ;',aTE OF FLORIDA ~ ~
~ St. Lucie
~ ~ :UNTY OF ~
~ Before me personaliy appeared ~'~11111If1 H. ~~i1SOfl and
U8t1Ie'~ f{1I50I1 _ his wife, to me we4! known and known to me to be
+~a ind€vidua;s desa~b_d in ard Nho eaec,:ted th_ foregoing instrumem, and acknow+edged beFore me that they execute~ the same !or the purposes
~ Daura Hilson
rhe~e~n expressed. And the said______ -
~e of the sa~d - _ -~~llll~ IA . H1~50A , u~n a separate and private
" _.d-n~nat~on by me taken separate and aqart frcm her sa~d , acknow~edged to and be{ore me that she executed said instrument freely and voiun-
a~ d w~tho~~t any com;,~;sicn, co~srrainr, appr~ of or frum her s" band.
~ YJITNESS my har.d and of(~c~al seal fhis_ _l day of~ebr , y _ ~974
= ~ -~~-'~.~.t~l_~
ftl:y '•y`-' ':_~,•"~ED _
` ST.~V~~ „~!,y~'! r~~ ~(otary PubGc in and for the State of Fiorida at large
'_3 ~ A~ My Comm;ssion e:pues:
Retu.n io: C~ RSu'. j'~~- ~4L~i~T ~ .
Ffrst iederal Savings 8 Loan Assouat.on - - ,
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o~.~~~ ~ ~lu ~za ~ . .
j ra~ y 5~ I~1 ~ , ~ :i1. 1i1. ~ : rf~ . 1 ]
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= c;Try F. Ellwood .:;.•~OjAFt!'~'
~u~ This Instrument Prepared By = , _ :
° First Federal Savin~s & loan Association : : _ . _
" of Fort Pierce F lor i da ~
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>r Checked BY`~---- - ; -t;~. ' st~
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