HomeMy WebLinkAbout2168 3. io x• ard connn~~o.,s:y A~ap on thr L~,~ ~e n~~v o~ i c~.•~iter a t rie c•~ s.,:d !~nd r.d un e!I , y.~i~,.:.~ nt e: J yerso a?y c„~~,, d by ~r:;, murtg.
ege. w.th af) prrnuwns thrrron F:d d~n 1~;1, inr u~n..re~. w; ~n tii~ ui~~i u,~ ~.:i.~-J ~t+'.~eY ~unn. ~n d sum ~,~~.c~f L~ ihi• h'„~k J~~~JEC. JUII w~~~~lewnn
~nsvran.i ~n tha usudl i!.intlard ~ol.Cy ionn, ~n a su,n aF.~,~wrd ?.y the M~~RiGAGEE. in fuch Co~i~pd~~/ G~ cvmrdn,a•s ~S U~.e l:\J~II:AGiE mJy
d~recr, and all iire ard w~irduorm insu~ance po:~c~rs on any of sa~d 6~~ d.nys, a~y intarest the~ein or ~.ar~ th~-rruf, in ~he ayy<<y~te su~n afoees~~d or
in excess ~hClCOF, S~~dII CJ~N,.ol i!~e ~sw~ e~o~~~„~d ~nuny,~goe ci.,use or such o~hcr c~ac:e as the Morsyayee n,ry rey~,re, n~a?~ng thc .cis u~~d~•r s~:d po~i-
c~rs, each and r.erY, pa, :t~ e to sa~d AW2Ii.;A~=tE as :~s ~~~~_~~st n~ey appear, a•~d ench ~nd ~.rry evch p.,:.i/ al~a!I i~r pr~~~,Nt'ry aa: y:~r.f e~ d d~•:~.~•s~d ~o
eny h~~W by sa~d .!Of?v.A;;iE es i•:~~i~a~ s~cw~~y ro s~;d ~:~y~yr d~:.~. a~,d. ~;or Icas ~han re~i l~~'1 de,s .~d. ~~~cr ol fna r¦~ ~r,~,on of e~ch y~o!~cy. ~o da-
:wer t0 sa~d :'.ORIGAGEE a rencwal thir~~of, ~~yc~har w~th a t~~te,pt for 1he prr:nium o1 suCh icrie.va~; a.~d ~h~•~e slw:l br n0 ~:re or H,;~~dsto'm u~i~~ance
p!aced on any of s~id bui!d:ngs. any ~ntr~rst thvrc,n ur part thrreof, un'ess in the form and wi~h the Icss ~aya:~!e :,s afo~esaid; and in the r.eM any sum
of mcney brca~es paraL~e w~drr such poticy or puLurs sa:d N.ORIGAGEF a~~+ll he,re ~he opt~on io rec~~.e :,~~d ~~pNiy the ao ne on acco...~~ ol ihe i~~J~~en~•d•
neis securcd harrby a ~o per.n~~ a.~:d MUKTGAGU~S ro rec~~+e ~~,d use it w any ~~.:n ~6•-:rof tor u~i~• r i.~r: ~ees, v.•u:~.:r :h: ~~..r
mg eny eq~~ty, I~en or ~~ght undcr or by virt~e of th~s ~nuryagr; and in ~he avrnt ta.d lLl0~2iGAGORS sho~~ fo~ any re~son fail ro k~•ep iF~e sa~d prein~s:s so
ins~~ed, or feil ~o d~'i~ver pro~nptly any of Said pol~Ci••s of i~uurance to sa.d MORTGAGEE, o~ f.,~l ptcn:ptly to 4ay fuRy any {~.'c~~'~~m th~•ietu~ o~ a~~y
respect ia~l to pe~fonn, d:sch.,~ge, erecute, effect, co~nptrir, cor,~ply wirh and ab~de by th~s coven,nr, o. any pacr h~rcof, s.+~d t1tvRTG:.GEE n~ay piac~• a:a
~:ay for wch insur,~nce or any Nart thrreof wnhout woivi+~g or atkc~ing any o~:n~on, Len, equ~ty, or nghr ~„der w by ~~nue oi this Morty~ge, and thc
t,:i1 amount oi each a~~J e~ery such paymenl sha;l b~ nn~ned~arely d~e and payatle and shatl baa~ int~r.si f~em fh~ date therroE until p.,~d at ~ne raie o1
~.~e per crnt~+n pe~ annu•n snd ru~c~hrr w~th such u~!•_r<<~ sl~~~~ `.~N sa~.:red by the Gen of this mortgage.
io permit, commit or sufter no waur, impair~r.rnt w de~rnorae;on of aa~d p~ope~ty or any part thereof.
5. To pry alt and s~ngu~ar ihe costs, charges and e.penses, ~n,~ud~ng a rra;onabte at~orney's fee a~:d cests of abstracts of G~:e, incurrtd o~ pa:d at
~ny tin.e by s~~d A".ORTGAG~E, because or in the e.ent of the fa.turr on the pan of the said MORiGAGOR ro d.,~y, pro~~YNy and fu'~y parfo~m, d~a.hi~ge
_~~~c~ta, rffrct, comp'cte, co^~pty w~~h a~~d ab de by e.~.h and every tha st~pvl3i:ons, agreen~ents, condn~ons, and cover•ants of sa~d pror*~~ssory note ar.d th~s
,,~rrgagr a~y or e~rher, and sa:d costs, charges ard ex~ens.s, each and eveiy, sh~ll be inemrd~etrly d~e and payablr; wfierher o~ not thrre be not.c~~ d~
mar,d, ottempt ro to:~rtt or suit Fznd~ng; and Ihe iull amouN of rach and evcry s~th payment sh~ll bea~ intereat from the date the~rof unlil pa~d at the
o' ~oine per c~~nt,:~T~ ~.~•r om~~:n; ond all sa~d eos+s, ci.a:gei a~td ~¦;,~•nses ir,wrred or paid, toyatl~:r w~th such inte~est, shalf be secuied by the i:en oF th~s
mortgage.
6. That (a) in thc ev=nt of eny 6rea:h of this Mortgage or d~fa.:it on the part of thc MORTGAGOR, or ;b) in the evznt any o( sa'd sums of money
h~•reirt refe~red to be r:~t ~+ro~n~~rly and fully pa~d v.~t!~in ih.~r~ i30; .lays next a~a~r the same severa':y bemn;c due and payable, without demand or not~ce,
or (c) in the event .:•~ch anc! evary ~he shµu.~non:, agreements, conJ~r~ons and cuvenants of se J p~o•~usso~y no!e a~~J th~s muitgage any or edhet are nol
ju'y, promptty and tu~iy Herfw~•~cd, d scharg:d. e~ecuted, ettectrd. completed, compi~ed v.nh and ab~d_d 5y, ~hen in e~ther or any wch eve~t the sa:d ag
~regale sum meMioned in sa~d pror.:issory ncte tha~~ remain~nJ unpa~d, with intrrr,~ acuued, on:1 ait moniyi setured hereby, Shall becume due and pay
eo'e fo++hwith, cr the~e~!~i~~, at rhe epf~on of s,~d MORTGAGEE, as f~Uy a~id comple~ely as ii a!! of ~!,e sa~d w~ns of money wcre ong~na:~y s~~pu:atcd
r~ be pa:d o~ svch d:.y, anythin' ~n sa.d p~om~isory note or in thEs 6lortgage to the conirary not.vithstand~ng; and thereupo~~ o~ thereafter at the opuon of
v d MORTGAGff, w+t~vr nor:ce or drma~nl, sv~t at i,w w in eq~dy: ~lrrrriore W lerrlralle-~ br3.,n, n.ay bE Qrouwred as if all moneys sewred hr:eby
r.:d matwed.pr~or to ~ts ~nstitution.
7, Thaf in the 2Y2~1t that at the beg:nn~ng of or at any t~~ne pend~ng any suit upon tlus Mortgage, or to foreclose it,~or to reform it, or to enforce
payment o1 any da~~ns he~ev~~der, sa~d F.10RTGAGEE shal~ apply tu the Co~rt hav~ng ~unsd:ttion the+eof 4or 1he appo~ntmeM of d Receive~, S~ch Courl sha~l
f:::thnrnh apF~~M a rece~ver of said mortgaged property a'I and singv~ar, incudng a:f and s~~+guiar the irtcome, prof~ts, issues and revenues fro~~ wheteve~
s::u-ce denr~~a. eacn and every oi ~rh:c!~, ~t be~ng exp~essly undentocd, is Fer~by n:o:tya9rd as li spec~fica~:y set iorth and described in ~he g~anfinq a~~d
h.,i:endum da~ses Aereof, and s~}ch Rece~.er shau ha.c aI~ tne br„ad a~~d effecr~ve funct,o:~s and pov.ers in anywise entwsted by a Cou~t to a Recriver, a~~d
s-ch appo~•vme~N shatt be r..ade by such Court as an ad~urt~d cq~~ty and a ma~ter of al~soiutc right to sa~d MORTt'iAGEE, and witheut reference to t~~e
a'•:qwty o1 inadeqvacy of the va!~e oi the p;oparty rr.ortgaged or to Ihe su.~rnc; o+ mso:venCy of Said MOkiGAGOR or the def~:~dentS, and th,t Suth
_~+s, profrts, income. ~swes and rever.ues shai{ t,e appi~ed b~ su_h Rec~rvei aaora~ng ~o the ~ie~ or eq~iS~ 01 sa+d AiORiGAGEE and ~?;e practite of such
Couri.
8. fo d~`y, promp!!y and (ul~y perform, d~scharge, eaecu}~, ef+ect, complete, tomply •x:th and abide by each and eve~y the stipulations, agree:neNS,
c.;nd~t~cns and coveo:anrs ~n s,,~d pvcrnissory note an~ t1i.s m:;r~ga3e srt forth. .
9. That in the e•+~:+t the of+ne~sh:o of the ~T.ortgaged p{emiaes, cr a:~y part therro(, becomes vested in a person other than the MORTGA^vOR, the
t"'•RTGAGiE, its suctesso•s ar.d ass:gns. rnay, w~thout not.c^ to the A10fiiGFOR, d-rai vv~th wch svtcessur or s~tcesso+ in interes~ with refere~ue to This
1• o-tyage a~:d the d_~1 h:reby secu~ed in the saree manne~ as w~th !?.ort~ago~ without in any vvay vit~eting or descharg~ng the /dortgagors' liability here-
_ drr or upon the debr hereby setured. P~o sa'e of t1:e Fre-~ ~s?s F~~•rebi mo~tyayed and ne forbearancc on Ihe part of the ?~I~RiGAGEE or its s~ccessors
~ ass~g~~z ar~d r.o eatens~on ot the e~~re for the payment of ehe debr hnreby secured given by the MORTGAGEE or its successors or ass gns, ahalt operate
re~cose, dacha:ge, mod~fy change o! affect the ong~nal i~au,~~ty of the 610FiGAGOR herein, either in whole o~ in part.
10. it is speGf~calty agreed that time is o( the euer.ce uf this co~~tract and that no waiver oS any ob~Igat~on hereunder or of the obiigatio~ se-
c~~red hereby shai~ at any time thereaiter be hcid to be a w~~.er of ihe terms hereoi or of fhe insrr~ment secu+ed hc:by.
11. !n .:cid fle~ •o the 4o.eae ~~r~ r^o~rh'y pay~n_ms of c pai and i~~t•~rest reyu~r~d by the prom. sscry ~+o~e secu.ed h,~~rb~, mortgagor covenants
agrees to pay ro rro-taa,ee ~nh each ~re.n*h:y ;.ay.,rnt vn•~ad.r~onat wm es!'^ a~ed by morrgagee to be equaf to l,' 12 of ti:e an^~al cost of the foliow-
i,-Ali ree! prepr•t~ taxes Ie.~ed or asses~_•~ oy~~•st IR.• df)'JYB d~•sc•~h~d r,a~ esrafe.
6 P~_r: ;.:es oa f~re an~ .vu.ds!o:n: :r.sura~ ce .+s i~~•r~rr, r.~q~,red to b; carr~~d cri the ~mp:ovements s~tuate cn the above de,u~kxd prrm~ses.
i
'i C Pre~..:u~~•s o~ s~ch ~~:ortg ~ar gua•an!~ ir.s~-~•.ce ns m_•tgayee st~a.1 frc^ t r.., to ~~~ne d~em fit to carry on the toan sewred hereb~.
i
~ l:lortgaqe? 5~.~ 1 frem tune to !~^~e nenf, rro~f-~„9:;~ ~n v:rlting of the an•o~•~t d~~ and payable hereundar and suth su~~ shail iharcuF~on be due and
,~h~e on +Fr CtJ2 .7d~B ~f nc~ rext n.c-~th'; pay~~~••~rt a,~d e.ch se,:c_~ss~ve rra:th ii~e~eatr_r ~c~ii mortgagee shalt not:fy mortgagor ot a change in such
I ~~n!. $uch SJ'^.5 s~ 6e ar~ l~•~d by m~+tga3 re to:.ard ene pa~r~ ert of re.:! propr.ty taxes, ins~ra~ ce ptem.ums, and mortgaye guaranty insurance
€ , c~:n~VmS.
g I'J 'i1lTF:ESS ::HERLOF, the sa~d h'.ORTG&GOR has here~,to set n~s ha~.d and sc•at the day and year ' t aforesaid.
s Signed, Sealed ar,d de'ivered in the presence of:
(Seal)
~ - -
~ ~n rt V A ams (Seaq
" ~ ~ ~r'l~1~'v~ (Seal)
# ~l 1--- J M
~ (SeaO
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~ SikTE OF fiORIDA ~
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a CJU'JTY OF _ SL_ LL1Cle _ ~
. 1' ::1{";i
Bert V. Adams ~ L: ~J;, d
~ Before me personally appeared ~ 4~
i
, _,~aeklyn M Adams _ h~: wife, to me weli known an3l~kpoJvn~to"me lo'Uj~i~
~ t~
~ individuafs descnNed in and who executed the foregoing instrument, and acknowledged before me lhat they executed the .sar'le fw the purpo'4~ ~
,ce•eFn exaressed. And the said-_-_--.- - _ .1dC{CLxI] M Adams r ~
¢ `e of the sa;d _ B@rt Adams , vpon:a sLpa~ate and~riv~re w
~ r.>m~nation by me taken separate and a, art from her said h~sband, atknowledged to and before me that she ezecuted said insttvine~t freefy and volqm ~
~ ~~nty and w~thovt ar.y co•na~~s~on, cons~ra~ro, apprehP s:9n, or fear of or f:om her said husband. • 1 J ` 7~
_5 YIITNESS my hand and offic~al seal th~s_ day of_ Ma=Ch A. D. 19
~ - ' _
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Notary Public in and or the State of Florida at l,irge '
~ ~
- My tomm~sa~on expires:
Retum To~
Firss Fede+al Sa+ings d. loan Asscc;at.on ~~a~
-"j ; V„ P.-`.- Naery ?~bF., S+d. d F1e~ida 9'
My ~~~M ~ Qet. S0. 1976
:'ort F~_•rce. -f!o:~da
bondcd by An»rkon Fu~ b Cosuolhr Co.
itlEO.~n= ' E~%ur0E0
This Instrument Prepared By Ga2y E11wOCd tT ~U~:'~ •~'~'~'~~TY f~A :l
k~ RT
~ First Federal Savings 8~ Loan Association ~ ~
of Fort Pierce ~ Florfda i u
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Checked ByU~ - ~ a 3 44 QN
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224 f:1~E~~~~ ~
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S".=ri~'-~s~'`~~:~~~"_~~, ~ ~ ~~'_t'`~~
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