HomeMy WebLinkAbout1648 3. To ptacr and ionr.nuo~sty leep cn »~r L.,+J.~„~s ~tic:v or I~.reaiter s:~,,ate on s.+~d !end ar~d on aC rq~~4~•~ent and penonalty co+rrrd by thif ma~g~
ege, w~ih all prrmwrnf thc~eon pa d:n full, fire ~ns~r., .:e ui ~~~e ~t~.?i s~e~~d,rd ~:o'~ey fOtm, in • S~~n d?.piu+cd b~ ihr MUk~'vACiE~, ai~d w~nds~orm
~~.;~~rance ~n the us~al aranc!~~d po:.cy form, ~n a su;n a;.p~u~ed ?~y ~he ~~URfGAGEE, tn iuch compa~~y o~ c~~npames as ~he htiORTGAGEE may
d~rect; and ell (~re and v~.ndfiorm i~~su~arca poi~c~as a~ any of sa~d bu~:J,ngs, any imere~t therein or pa~~ thrrtol, in the eyg<<~9ate wm aforesa~d o~
in eaces~ Ihereof, sh~ll ;w~t.,m ~he csu.~~ a~a~~Jord n~or~~ayre c~a~se or such o~hrr clouae as ~he Mortgayee may ~rq~~re, me4~ng ihe ~ess u~:drr se~d poli-
c~rs, each and every, para:,:e ro s~~d ,ti~vRii;AGEE as ~rs ~necr~•si ~nay aE,prar, a~:d each and e~ery wch pc,:~c~ shall Ge promNfly assgnrd e~~d da~~~e~~d fo
any held by sa~d htORIGAGEE aa i~rther se:ur~i~ to sa~J +~~ony,~r d~~~?, a~~d. not I~ss than ten (10) deys in adv~~'~ce ot tt~e expiro~+on of eoch pa~c~, to de-
I~ver to sa~d 1L10RiGAGEE a re~~cv.al thr~rof, toge!her w~th a rece~p~ for the pr~mium of such renewal; and ~here sha;l be no Gre or winduo~m insu:ance
placed on any of ie~d b~~~d:~~ys, a~y inre~est there~n or part thereof, ~•i?rii in ihe fo~m and w~th ihe !oss payab!e as afo~esaid; a~d in ~he eve~v any sum
of money becomea pa~ab!e u~~Jer wch Noiicy or pol:cies se~d ?Y.ORIGAGEE ahaU have ~he opT:o~ to recr+~e o~~d appty the same on a:co~m ol the ind..•t~rd-
netS SCCur~V hzreby O~ 10 p~nnit sa!d f10RTGAGORS ~O leCr~~a dnd ui! i} O~ any pir• li:e;r~lf ior 0.~~•.r ~.~.~t~:.5r5. -.~~tt~.~..:f Ih_•~ut •.v-.ivi.+~ Gr u~~~~:,~r-
ing any eq~~ty, i;ln w nght undar or by virt~e of this mo~'yaye: and in ~he event sa:d MORTGAGORS sha!1 fo~ any ~iason fail ro keep the sa~d p~emisra so
inswed, lail lo deGvrr promplly any of s~~d pol~c+ts of inw~ance to sa~d MURIGAGEE, or fa~i prompNy to pay fu~ty any p~r~»~~m ~nerefor or in a~y
resprc~ fail ro ~rform, d~schar9e, rxr;ute, eftrct, co~~~piccr, co»p~y wnh and eb~de by this covenant, or any pa~t haieo(, sa~d MiiRTG~+GEE may p~ac~ a~d
pay for s~ch insur,~nce or any part tt~_reof w~~hou~ wa~ving or affec~ing any op~ion, I~en, equ~ty, or ngh~ under or by ~~r~ue of ih~s Mertgoge, and the
fuil a~rwunt o! each a~~J eve~> such payn,ant shail be +~~~~nediately due and payable and sAail bear interest from ~he date thereof un~i~ pa~d at the rate oi
ninC prs tent~ni pc• ann~~n ond 1~ycthcr n~th su.1i ~rdr:_5t sh.~t. tk s~~cur~d by the IiCn Of t~l~s mortgage.
4. To prrmit, commit or sufier ~o waste, impa~r~nem or drtrrioretion of sa~d property or any parl thereof.
5. To pay all and s~ngula~ rhe costs, char9es a~d eKpensas, includu~9 a reasonable aftorr~ey's fee aa~d costs o( abstracts of titie, incurred or pa~d at
+~y ti•~.r by sa~d MORIGAG;E, because or in the r~ent of ti~e fa:~ur~ on the par~ of the said MORTGAGOR to du~y, pra~~ptly and fuily Fe~fo~m, d~ichjrge.
.~c~te, effect, co~nNlrre, co~~~>ty v~~th and abde by each and ~•+r~y the it~pul~t~on3, agreen+ants, cond~~~ons, and covenams of sa~d prom~ssory note and th~a
~:ortqage any or eith~r, ar:d sa d costs, chargrs a~~d exFensrs, each and eve+y, shall be immrd~ate~y due and payab!e; whether or not thrre be not~ce d~
~~.and, attempt to co~lect or suit pend~ng; and ~he ful~ emount uf each and evrry such paymero shall kmar inrere:t from ihe date ~hereof until paid at the
o' i:;nr per c~n:u~n f:er anno:n; ~~~d aii se~d c~sTS. char~es ar:d ex;,e~~ses irxvrred or,paid, toyrthcr w~th wth interest, shali be aecured by the lien of th~~
rt,or tgage.
6. That (a) in the event o~ any brrach of this h'.urtgage or defauir on tl~: part of the MORTGAGOR, or (b) in ihe e~eN any o; sa~d wms of money
I,erein'refened to bo not pro:~:prly and lully pa~d w~~'un ~h:rty !30; days next afrer ~he same severa'ty become due and payabte, withovt de:nand o~ not~ce,
cr ~q in thr event cech jnd every the supu,a~~ona, ayrcerr.euts, co~ld~~~o~u and co.enants of aa.d prom~ssory noie anJ iha mortgage any or either are not
i~;!y, promp~lp a~d fu+~y perto«~,rd, dscnerg<d. e;ewred, etteaed, canp:e~ed, comp:~ed w~th and ab,ded `ay, then in e:ther or any such event the sa~d ag
3'~~gate sum mznhonzd in sa~d promissory ~wte ~han re~na~nk:zg unpaid, w~th intere,f accrued, and a.i mor..:ys sec~~ed hereby, shall become due and pay
a~.e forfhw~rh, or tl~erea~~rr, at the opr~on et sa~d h10RiGAG~E, as fv~Py arw~ comp!erety as if a~l of thr sa~d wms of money we~e ong~na:ly supu:ated
to br pa!d o~ such d,:y, ar~~thing ~n sa d r~em.ssory nete or in ~hls ldo~tgage to the contrary nOfr+nhstand~ng; and there~pon or therealter a~ the opt~on of
s,.d N.ORTGAGEE~ W~Tf:~UI not~ce or de~z~ar.d, surt at iow cr in equny, therefore or the~eaiter begun, may be prosewted as if all moneys secured he~eby
n,d n~afvred p!~or to ~ts ~nstrtuhon.
7. ]F,at ;n ihe evrnt :hot at the begmn:ng of or at any t~me prnd~ng any sv~t upon this Mo:tgage, o~ to faeclou it, or to refoim it, or to enforce
; i;ment ot any t~.+ims ha~r:,rd~_r, s~id 1.SORiGi~GEE sha'I ~pply to the Co.:rt hav~ng l~r.sd~ct!on therc•of for the appomtmenl of a Receivet, such Cwnt shall
r<.rrhw~th ap~unt a rece~tier of s~id n,or~gayrd prop. rty aif and sin3uiar, eruiud ng oi! and vngular thr intome, p~ohts, i~sues ar.d revenues irom wF.;tever
s: ,•cr der:,ed, rach ar.d every of wh,ch, i,e:~~g eapress!y uncirrswe,d, is h.e~cby morigaged as if specificalty set fo~th and described in the g~anring and
h+i,endvm c!au;es hereof, and wch Recei~er sha~i hav~ a l tne broad and eff~tn~e funu cns and powers in anyw~sr entrus~ed by a Co~~t to a Rece~ver, and
s~h appe~nrme~v sha? be r.,jde by svch Cow~ as an ad zitt_d eyu~ty and a r.,atter of abso.ure r:gM to said MORTGAGEE, and witheut roference to the
e,i~-a,,acy or ir.adeqvacy of the vaiue of the property m.o~tgaqe-K! o~ to th~~ so.ver,~y o+ ~•~so::cr,cy of aa~d MORiGAGOR or the defrndants, and that su<h
,_~+s, proErts, income, issues and reven~es shaii be app~~ad by wch Rec~.~ve~ ec:o~d:ng to the lien or equ~ty of sa:d MORIGAGEE and the practice of such
Court.
8. To du!y, prom~~t'.y and fui~y perform, dncharge, ex<c~te, eirecr, complete, tompF~ with and abide by each and every the at~pu{ations, agr¢emeMS,
:~nditiors and covenami m smd promisso!y nct? and th's mortgaye set forth.
9. That in ~he eve^t the ownersh;p oi thc mortgaged pre~r.~ses, or a:~y ~:3rt tnereof, becomes vrsted in a person o?fier than the MORTGAGOR, tF.e
~RTGAGEE. its wccessors ar.d ass~gns, n,ay, ve~+!~ov~ net:ce to ~he •'.'~O~IGAad, deai vvi~h such successor or s~ccessor in imerest witn reference to this
o•tgage a: d the d_i~+ hercby s~~wred in ti~e same manner as v.~th t!~rtg~go. w~thout in any way viuating or d~scharging the /+lortgagors' liability here~
.•.Jer or upon the debt hrret:+ secvr~~d. F!o sa'e of the Fre ~.~ses h~~reby mo~fgaged a+~d no forbearance o~ Ihe pan o1 the 1110RTGAGEE or its svccessors
„ ass~~ns and no exsers~a~ of the t+:ne fo• rhe Fd jmCni uF the cieb+ h~~eby se.ured g~ven by tne MOR7GAGEE or iu wccessors or au:gna, ~i~all operete
ro re!ease, dacharge, mod~fy cha~~ge o~ atfect the c*+g~nai Gao.:ny of the MGR(GAGOR herein, either in whole or in part.
10_ It is sfeuf~celiy agreed that t~~ne is of thc esser.ce of this contracr and that no waiver of any obiigat~on hereunder or of the obligaYwn s~
cured hereby sha:s at an j nn:e tnereafter be he:d to be a•xarver of the terms hereof or of the instrument secured herby.
11. In ad:i ~~cn ro th~ foreao n9 n~anth'~ uaym-•nts of pr~rc pa: and i~~teres! requ~red by the prom;sscry no~e sec~red he~eb~, morlga~or eovenants
, d egr_es rc r~, to n:c•sy~yee v..th ee:n ~roi,•i:'y e.n an ad;:,,~onal Sum zc~ ~:ered by mortgaqee ro be eyuai to l, 12 of the an:;ua! tost of the foliow-
A--;~':1 r~a' F~operfy taxzs lesi~a c• JST-•5'.+_:i dy~~•Sf !h.: di:7YB (IcS.'f;4.E:I .'_dI estare.
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B Fr: r., •~s c:~ f:-r ar.d ::i::dsto: u:s„ra~ ce » ne-c~~ rcy, ;ed to be cz~r~~ d cn the :m, rcvements s~tuate on tfi~ above d=su~bed premises.
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C-Pre~n:u^ s on wch mort~.ge g~ararty ies~;ra~ c•~ es :nortg.~gee shali from i~ne to nme deem fit to carry on the loan sec~red hereby.
; ~r , r: n•-~e to t~n.e res+fy r.~c~t r in v.nt.n cf the a~,:o~~t d~e and a able here~ndar and auch sv~i shal! thereuFon be due and
' ort~eo_e s^:: ~ g= g P Y
~ . i,:~cte on !h~• d.,,_ da~•~ oi ehe „!•rt ~t~ont^ pay~~~+~nt a•~d e.::fi successive ~~cn!h th~~;eafter ur.fit mcrtgagee sha!1 notify mortgagor of a change in such
~ 5utfi s., rz s"~ i:>^ a; p: rd b~ rnor'ga,•:e :o.~..~rti n~e ;:a~~~~e~:t of rra: pro~:erty taxes, ~nsura~ue prem,ums, a~~d mor:gage g~aranty inwrance
~ ~Tiums.
; 1`~ ~11TNE.iS ::HEREOf, the sa~d I.10R;Gi.Gi~R i~as herc;::~ro set h~s hard and seat the day and year fint a{oresaid.
= 5gned, Sea:ed acd deli~e~ed in the preserce of: l
~ J ~'JC'~
-{Seary
~ ~
~ < rancis T. O ~Connor _~~a~~
y
~ ' _ ' - : , ~ C ~4 ~~l.~I/ ~'~4 ` . v..v~ l.-' ~52a~~
~ - _ L~ Bldor is S. O'Connor ~~ai~
' X--
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~ ,":.T OF FLORIDA '
~ c ~u~rr oF St. Lucie ; ss'
~ Before me persona~ly appeared F=dI1G15 T. O'Connor and
BIC~OZIS S~ O~Connor his wife, to me well known and known to me to be
~h;: ind~v~f~J3i5 descr~b_~d in and who exec;:ted the foregoin instrument, d acknowledged before me that they executed the same for the pvrposes
~ ~ldoris O*Connor
~c r6_-re+n expressed. And the sa~d_ -
'e of ehe sa;d r' =~~,rt T• ~nnor upon a separate and privste
c.,m:n3t:on by me ta;c~ s~parate•and apart from her sa~d husband, acknawledged to and before me that she eaec~:ed said instrument freely and voluo-
:•„y and v~:thovt a~y co~,~puls~on, const~aint, aptp~~~hens:on, or fear of w from her said usband. -
~`lE~ da of rCh A. D. 19 74
WITl~ESS my hand and off~cial seal this_ ~ !
i~ ~ _ /7
' ~f ~ ,~'~~C- -
i
Notary Pub1~c ~n and (or t St~te of F) rida at Large _ ~
M Commission ex ires: I ~ ~
P,ct~rn To: y P ~I~E'(L yY ~~/l.J
F;rst Federal Savin~s 3 loan Assactat!on
~ Of =c~t a ~ ~c^. ,
' Fo:. F~~~~.•. F~u•~da 2~6094 ~ .
x _ /
1 • V .
_ This Instsument Prepared By Robert A. SWisher, Jr. ,
F+rst Federal Savin s 8 Loan Association .c~ ~~DEO - - . - • _ - ~
g f1Lt0 t.~ ,;~M'il' flA. •
~ of Fort Pierce , Rlorida ST.~UC+~ ?A~5 - ~ ' t
ftlt'vl" ~ r j ` . ~ ~ r ~ ~ _ .
:a1 ~ K ,.ovR
Checked BY - - c lE~~ V, '~E~,, , ,l/ - ` _
~ ~ ~
~ , 5 ~ 55 ~M ~
M~
~ ~ 224 F~~E 1647 . '
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