HomeMy WebLinkAbout1652 3. To p!ace and con~~nuo~siy i,rep o~~ the 6w.J:~ ge now or r,~re,ieer sn,,,te on se~d land and on a~' equ~y~nrnf and pe~so~elly co+.r~d by this mo~~g•
age, w+th aN prem~vm• ~hrieon pad ~n i.,il, }~~e i~,s~~a~.c.: ~n rr~~• ~s~~l a}..~:Ji~J pol~cy Form, in a s~~n aHN~~.rd by the MOR~i,:.GEE. a~,d wu,Js~o~m
infurance in Ihe ~sual ~ranilard po: iy lur~n, in a~~~n aFpro.rd t:y the M'vR1GAGEE, in iuch twnpany or cu:npen~es as t~e ti'ORiGAGEE may
direci; and ali fiie a~:d w~ndslo~m ~nswo~ce pobc:~•s on any o) s~~d tw+id•ngs, any in~ere~l tha~ein or par~ thrreul, in ~he ay9~egaee svm aioresa~d or
in eacess ihe~eof, shall coma~n ~he usv~l sfa~.J.,rd n,or~y~yra c+~se or such o~her c~ause as the Mo~~yay<u may reyu•re, rt.akinq !he ~css v~~Je~ s:~~d poli-
c~es, each and every, payaD'e to sa~d ,ti~JRiGAGEE as ~~s ~~~trr_~s~ n~ay appear, and each a~:d every wch po:~c~ sh,,N br promNNy sssyned ..~,d de~~.cr~d ~o
sny hrld by sa~d 11iORIvAG:E as funhe~ s_cu~~ty ro sa~d n:;,~ry,~~, d~ut, a~~d, no~ ~eas ~han ~en (101 da~s in ad+ance ol ~ha eaF,~~ohon of coch puGCy, to de-
I~ver to ~a~d h10RTG.iGEE a ~en~v~al th~•r~•of, togriher w~th a r~cry~t (or thr premwm of such renewa!; and ~here aha(f br ~w~ I~re o~ ~r~nds~a•~n ir,aurance
placed on any of sa:d b„ildings, any inrrrest there~n or pan th~+rroi, un;ris in ~he for~n and w~th ~he loss paya6ie as afcrrsaid; and in ~he e~eN any s~m
of money beco~nes payabie undrr s~ch policy or pol,cies sa~d N!ORiGAGEE shell have the opt,on to retr~ve .,nd apNly the same on acco~nt of the indcbt~•d-
nefs secured herr6y oi tv perm~t sa~d MORTGAGORS to reca~ve and use it or any c,arl r1~.~:~•vf fo~ o:irrr ~.w~-:srs. ..~~+:.;::t th_•.;;~ ~~„~.,i~ ,.r •~~p.,~r-
ing any equ•ry, Gen or nyht und~r or by virwe ut th~s ~no~'yage; and in the event sa.d AIpR1GAGORS sh311 fo~ any reason fail to krep rhe sa~d prem~s,s so
inau~ed. o~ (ail to de!fver promptly any oi sa~d pol~ues of insurance ro sa:d A10RTGAGEE, or fa~l promptly to pay f~lty any prcm~wn iherefor or in any
respect Fai~ to perform, d~scha~9e, ex~<~~e, e}fecf, con~p,eto, con,ply with and abide by th~s covenant, or any pe~t h..veof, aa~d MORiGAGEE may p~ace a•~o
pay ior tuch insurance or any paH tF~~r~•of vvithout woiving or aff~cting dny optiqi, lien, equ~ty, or r~gM vnder or b~ vi~tue of lhis Mortgage, and tht
full amovnt of each and e.ery such paymant shett be un,»ed~atety due and payable and sha!! bear inte~es? bom tho date thereo( un~il po~d at the rafe ol
n~ne per centum F;er a~~nwn and to~_•~h:r v,ifh wch ~n~e:~•sr sha~~ Le s•_wred by the lien of this mortgage.
1. To permil, commit or suffer no was~e, impaim;ent or drteriorotion of said property w any part thereof.
5. To pay all and s~ngutar the costs, charges and expensrs: including a reasonable attorney's (ee and costs of abstrans of title, incur~ed or pa~d at
+ny tirne by s:,~d 11tURIGAGEE, because or in the event of the fa~~ure on ~tie par~ of the said MORiGAGOR 1o duly, y~o~nptly and fvfly perloim, d~schjrge.
~,ecute, eff~~t, tanp:rte, canp'.y w~th ar.d ab.dr by each and rve~y the stip~let~ons, agreements, condehons, and covenants oi saad pro:n~sso~y note and this
~~onyage any or e~~hcr, a~~d s.~ d cosrs, chargzi and exptnses, each and every, shali be immrd~ately due and payabte; wh~~rher or not ~hrre tx notice dr
mand, aJlrrnpt to co:ieU or su:t pand~ng; and the tull a~nount of each and every such payment shall uear imerest from the date lhereo) unril pa~d at the
~.,tr u~ uer c~ntum N~~r a~u,~n~; a,~:' a~l sa~d wsts, cl,argrs and ~xHe~~ses i~~c~rred or paid, together wnh such imerest, shall be sec~red Cy the iien of thds
mortgage.
b. That (a1 in the event of any brrach oS th~s Rlorrgage or def;ult on the part of tht !~10RiG~GOR, or ~b) in the eveM any o! sa:d sums of money
herei~ referred to be rot prernptty and fu:l~ pa~d ~r~~i,in ~h;ify ~30) d.~~s next a:rer the same seve~ally become due and payable, wi~hout de~nand or nunce,
or (c} in Ihe event each and evcry the snpu'a:w~s, syreemer~ts, co«da~ons and covenanrs of ld.d (N0~~1~SSUf~/ note and th~s mo~t9age any or e~~her are no1
iuly, prompdy and i~1ty ~rfo~med, Jacharg•_d, exrcut~d, etlectzd, comp;ered, tornpi:ed w~th and ab~ded `~y, t6en in enher w any such evem the sa:d ag-
~regate sum memioned in said pron~~>sory ncre Ihen re:~~aining urpa~d, w~th interr>t accrued, and a:l manrys secured hereby, aha7! becun~e due and pay-
>oie 1u~~hwith, o~ fhereafrrr, a~ the ope;on of ;,;d MORiGAGEE. as fuily ar~ compleiely as il all ot the said sums of money were onginaily st,pu~ated
to be pa,d on avth d,:y, anyth~n9 ~n sad p~o:n•3tory note or in this Morigag? to the tontra~/ not,wi~hstand:ng; a~d lhcrrupon or Thereaftet al the opt;on of
s~.d MORTGAGEE, wrthout not.ce o~ dernend, su~t a1 law o~ in equdy, therefvie or lherraiter b_•gun, m9y be Nrosecuted ai i1 all moneys secuted hereby
n;:d mat~red pnor to ~ts instnut~on.
7. Tf,at in the evrnt that ar fhe beglnn':ng of or at any u~ne pc~ding any s~:t upon this Mortgage, or to foredose it, or to reform i1, or to e~force
~~~~ment oi any cia~ms he~eunder, sa~d ~dURTGAG;E sl~aii apply ro the Co;.rt havir.g ~unstl.cvion rhereof for the appantmeN of a Rece~ver, such Court shail
i~rthwith a~:pcmt a ~ece~fer p( sa~d ~T:o~tgayvd property all and snyvfar, includ ng a11 an~ su~g~tar ti:e mcome, p~oirts, issues and revenues from whatever
s-~rce drn~ed, each and every of wh~ch, tx,ng eaurc•ss!y underSrood, is h:ereLy morigaged as if speui~caity set forth and deseribed in the g+an~ing and
h;bend~m ca~ses her wf, a+~d wth Rece~ver shall have all +he broad and eHecnve funct~ons and poti~ers in anyw~se entrusted Dy a Cour~ to a Rec~iver, a~:d
s.h 3pp~{n~,nenr shall ~e rnade by S~th Cou+t as an admin~-d equ~ty and a maner of abeoiute right to said h10RTGAGEE, and without reference to the
r::•:a~~cy o~ irtadeq~ac/ of 11:e val~e of the p~operty mortgagrd or tp the So~vrnty or ~nSG!vCrKy oI Said MORT~'iAGOR Or fhe defendanti, and th3t SvcF
~•~~+s, profits, inco~r.e, ias~c-s and rrvenves shaU be appGed by s:,ch Receiver accord~~~g to the :ien or equ~ty of sa~d MORTGAGEE and ~he practice of such
~ourt.
8. To d~:y, prompr'y a~d fufjy perform, d~scharge, execvte, effect, campiete, comply wirh and abide by each and every ihe stiYula~ions, agreemenls,
cundit~ans and covenan~s ~n sa~d p~om~ssory no.e and th;s mortgage set forfh. •
9. That in the event the ow~ership of the mortgaged prem~ses. or any pa~t thereol, becomes vested in a person e~her lhan the MORTGAGpR, the
:•ORiGA(',FE, its successors ar.d assigns, may, without n~s~tc to ~h~ S5t7RTGAOR, dea~ .vith such sutcessor or svctessor in ~nterest w+th reference to thi3
ortgage and the d_b~ he~eby sr•curzd in the same monr,er as w~th ,rt~ago. ,n,:tho~t in any way vit;ating or d~scharging the Mortgagors' liab:lit~ here-
i,nde~ or u~Cn the d<•br h_•rEb~ necu~_J. No sa;e of the ~_~en:s~s h•,:eb? mortgaged acd no iorbearance on the pan of ~ne /J10RTGAGEE or its successo+s
o~ ass:~~s and ro e,crers~on of rhe r,n:.: to• r~a paymeM ot the deb~ f~e~eh~ sec~red given by the f110RTGAGE~ or irs successors or ass:gns, ai~al{ ope:ate
!o re~e~se, d~scharge, mod~fy changc er afiect the ong,nel l~a~,~:ty of ~he MORfGAGOR he~e~n, e~~her in who~e or in part.
I0. It is spec:ffcaliy agreed thae ti~re ;a of th~ ense~ce of thts contract ar,d thaf no waiver of ary otl;gat~on hereunder o? of the obligation se-
c~red hereby sha't at an~ tin:e therrat:er be he'd ro be a v.ai,rer of the terms he.rof or of fhe instiument secured herby.
11. In add ren ±o the io~ego r~ c~ih'y payn•^ms of F;rir:c pal and interest requ~red by the prom;ssory no~e se,ured hereb~, mertgagor eovenants
+.d ag•.,cs to p.ey ro r„crt9:~y~._. v.,'h ea[n ~.~a~~h'y ~,ai~ ent ar, ad:i,~~onal sum ezt .~:e•cd b~ mortg~gee to be eyuai to 1, i2 of t~~r a~tnual cost of the folfOw-
,
A- ltt real ~;rope~ty tjx~s t~ C.' 3552$5~.1 ,3ydr:5' r1~~~ acove desc~+ r~:a! estate. ~
B F~ : i on f~r~ and v:~~ dsru ~~~wra~ ce os i~~~r~n r.-y~.red to be ca~r~~d on the :m;:rovements s~t~ate on th~ aoove de_cr~bed premises.
C-Pre:ni~n~s on such rt:o~tg ,pr ~va~anty 'r.svrse,Ce as n,ortgagee sF.all fro:r t me to time deem fit ro carry o~ the loan sccured hereby.
i IAo~t~,gEe s!~~!! `ro~~ t~~:,_• to r~n,~ ccr~f; :~crtc:.,3or ~r r.r6t~rg of the d^.o~~t d~^ end payabte hereunder and such su~n shall ihe~eupon due and
' :_a~ab!e on rhe d>e c~>e oi rhe nert :-:a-rth.~ pay~~~e~~t and e~.cn successive n+on;h ti:ereafr:r ~i.til mcrtgagee shall notify morTga~or of a change in such
ount. Suth wr.~s s~a.i be ac~.I~rd hy mortg~g.r toha~d !he pa~n~.ent of rea! property taxes, insura~ce prem:vms, and mortgage g~aranty insurance
n•emiums.
' IN 1'J1T;JESS :'iNERiOF, the sa~d h!URTG<.GJR h3s hereu~to set his hand and seal the day and year first aforesaid.
S~gned, Seated and deti~red in the presence of:
~
; (Seaf)
; - `'~,l~ • Jo ep ~ . 'lc ,ilvray tsea~~
; - - ~ ~:~r~ _
-'C=-- - .~f ' Sea!)
~zabeth ~1cGilvray ~~a~~
. -
€ STATE OF FLORIDA ~
~JUNTY OF St. Lucie
- ~
E
j Before me personally appeared ~5 tl _A ,';cr i lv ra v
and
_ Flizabeth ie~ilvray his wife, to me well known and known to me to be
!hc ind~•.iduais descr;bed in and who exec~ted the foregoing instrument, and acknowtedged before me that they executed the same for tha purposes
!h~rein exp.essed. And the said__ E112c'1hPt11 ~~C~',11Vrd~~
; .+,fe of the fafd ____•JOSep}l A. `-~CC~,11VZ~/ ' upon a sepa.ate and private
exammahon by me taken sepa~ate and apart from her sa~d husband, acknow(edged to and befo~e me that she executed said insnument tree~y and volun~
' rar,~y acd wnhour any co~npuls~On, consrrainr, apprJeh~ ns~on, or fear of or from her said husband.
` ~farch 74
~ YVITFfESS my hand and offic;af seal this_._~7C-~___~ of A. D. 19
t , - ' ~ ~ ~
J Notary Public in and for f Sfate o Florida et large
' My Comm.ssion expites: ~ ~
Rerurn To: , ` ~ /
first Federal Savings b Loan kssociat.on ~r ~~n~ ~
Of Fort P . .
- V
~Uri P:•~r;e, F!uri:.~a
• ~ i
. ' .
•1~ ~ . ~ .
This Instrument Prepared ByRobert A. Swi~sher _'r =
First Federal Savings & loan Association .;~~,;~iDEO _ ' • ^
of fort P+erce~ rlorida ftLEO ~F Vu~KjY f~A. .
St.LJG' _,e5 _ ~ ,
Checked By Fk Jc. .,`E ; :OJRT
~ , ~rr r• ~ . . _ _
t_:~ 224 E~~~E ~651 M~ ~ s 5~ aH ~
~ ~ . ~ .3 _ _ _ . " . _ _ _ ' . ' _ _
~
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yh, ~i . .y.~ .f" .S ~
5y
~ `3V~"w.1 gty 3+'~t'~-~ nrn~ ~
V_y',u .
~~rr..s~.'~~ zL.: ~x r-.~ 5.m,_,".' . ~ -`;~c"°,~,s,~y;v'..d
- _..N..:.z~" ~sr'.,sr.: