HomeMy WebLinkAbout2170 To {.•.+cr e+.d cont~iwO~siy lacp on ihr 1.~... '.l.~ .iz :i~.v or ~slr.•r ~~e on S~+d ~enc1 a~,d ,~n .•q ~y _".•~,1 and pc~sonal!y cG:r~cd 'u/ t~~~s rrvt~g-
e9A. W:t~l dll ~'rrn:,~~:nl Ihc~ton ~;o(~ ~n ~u:l, IuP ~~~~.5~~.. ~.~c ,n Ini• uluJ1 1•~r.lu:J Fw.:Cy fJr.t~. in d Sum d~.~.~u.ci1 F~t t~ic ~.~vk:v,-.iv~c, dr~c~ v.~r~l:t..~~n
~nSUranCt ~n Iha usu.~l ?~end~rd pot.Cy f0/m. e Sum arp~O.c~ L~ ~h2 !.t.~RTGAGEE, in lu:h Co~+:~.~~ny cr i.. npen~CS ef ihe R'.C%k~vACsEE n~~V
direch and all fire end w~nds~~nn ~nS~~.+nC2 po:~c~.s on an/ uf s~~d b.n~d.r~gt, any interast there~n or {a~l th~~:eof, in ~he aggr~gete s~~~~ aforesaid or
~n excrss ~hrrcof, shafl :onr.,u. ii~e usuai s~a~ J.,rd n~. ~+~.y_e c~..~se or such o~he~ c~ause as the Mwty,~ee n,ey r..-y.,.ie, n,ak~~~g tnr :css u~.lr~ s-~,J po:r
c~rs. cach and rvrrY. V~,~:~~ ro sa~d .\~.JkiC,A~:f as .~s ~~~i~~~~st n,ay ~N~.~r, a,d ca;t~ and c.cry S~ch rc.'-:/ s~~~!~ i,.: F'rOn•}~tly assy~:~d n~d de;~:~•r:d ro
any hold by se~d MORiGAGEE as t~r~1~_r s~:ui~ty ~o s.,.~ ~~.u:r~,ge ~~b~, a~•d, noi '.~ss ~f~an ~en ~~O) d3ys ad+.,~ ce of ~h~ e¦~:~~~r~un o'r each pu~.c~, to dn-
Gver to saiJ h10RiGAGEE a~rr.c,nroi th~~~eof, toyr~ha~ w<<h a necc•:ri tor Ih•: p.<<+:~um of such ~rnr+.a.: ~~~d ~iirre s~~ait i,r no Lre or w~~~1a~~•~n ~~~~~r~nca
placed on any of sa~d bui!d~nys. any interest there;n or p.jrt ~!,~rroi, ~n:~~ss ~n ihe fcrm a~~d wnh ihe ;oss p3ya:,~e aa a!oresa~d: a~d in tl:e rrent any ium
ot mo~~ey Ueco~nes payabtr undr~ s~ch Not~cY ~r p'vl,<~cs s~~d !:.vR1GAGEE s!~.jif ha~e ~h~• cN~,on ~o reo:~,~~ ..~.d ay>i~:y ~t~e sa~ne on ac.o.,:~i ol th~ ~~,J~: ~~d-
ness sec~red hrreby or ro perm~f sa.d MuR1GAGORS to recc~vn anJ use it or any ~,.,rt n.~••_oi ic~ on~• r i..,~; cs• s. ..n! ..T ~r N~"-
~ng any equ.ty, I~en cr r~ght und~r ur by vutua of ~h~s nw~cga9r: a~~d ~n th: e.rm sa~d M0~21CiAvOkS sh.~ll !or any reason foil ro keep ~he :a~d prem;s ~s so
,nw.~~d, or tail to de~~ver pro~„p~ly any of sa:d F~obc~e•e ot ~~~surance to sa~d MpRiGAGEE, cr TJ~: ~11U'1iNaiy ~o i.ay fu:ly an/ prr~~+:..~n th~r~lcr o. ~n a~y
respetl fail ro ~rfotm, d~s;horge, ex.~~ute, e1feU, coniplete, co:nuly w~rh end ab~de by th~s covenen~, or any pert h~reoT, s+~d h1VRTGAGfE may p~ace a:a
p~~ for s:,ch insur.,nc~ or eny Nart thereof w~fho.,t wa~ving or aff~ct~n4 any ophon, lien, equ~~y, or n~ht ~~~dt+ or b~ v1~~.,e of ~hls hlo~tg:~ye, a~d the
t~11 amounr ol each and e.e~y s~<h paiment sh.,ll br ~~>>n~ed~a+~iy dua and pey.;b:e and shail bcar inter~•st frwn th~ dota the~eof ~~~Ni p..~d ai ~he ro~e ot
..:r.e prt cenluan pet ann~~r: a~;d tu:}=•!h,.r nith such ~ntrrest cE..~;i t.e s~:~r~-d by the litn O~ Ihi3 mortgage.
4. To permit, commit o~ suffer no weste, irrpairn:.•n1 or d~aer~ora~ion of sa~d p~oprrty or any psrt thereof.
S. To pey al~ and a~ngu~ar the costs, chargea and exF>ensrs, ~~~cluding a rcason3bEe attorney's fee anJ cost~ of abstraus oF titte, incunrd or pa~d at
any tin:e 6y sa~d +~!ORIvAGEE, becauie cr in the event of ii~r ta.iure on the na~i of ihe said 1AORiGAGOR to du~y, pro:nptt~ and fu~Iy yerlorm, d~scha~9e.
~xetute, effett, complere, co~nply ~,th ac~d ab J_ by e~ch ar.d every th~ stip~~at ons, agreemen`s, tond~hons, ar.t1 tovenants of sa~d pron~~ssory no~e acd ~h.f
~,ortgage any or e~ther, acd sa d cosTS, therges and exFrrses, rach and eve~y, shall be iminrd~ete~y d~r and payab'e; ~nh~~ther or not there be not~ce d~
mand, attempt to co!lect or a~it pend.ng; a~x! rhe full amount of each and every svch paymrnt sh~ll bea~ inT~~rezt from ~he date thereoi until pa~d at the
r~tr oi nmc cc~itu~n H~~r ann~.n; : nd aiI sn~d t~st3, c1:a:ges a~:d e~;:enies i~XUrrcd or ~~d, loyrtl~ar w~lh svch intereSt, Shall bC setured by the i~en of thif
mortgage•
6. That (a) in the eve~t oi eny brrach of th's Mortyage or defauh on thr part of the YOATG1IGUR, w;b) in the event any of sa:d sums of money
h._~rein referred ~o be not pro~nptty and f~~Iy pa~d v:+~h~n in.~ry i30~ days next a~n.~ the sa~~e sc.e~a:ly bc;o~ne due and payab!e, w~thout dema:~d oi not~ce.
or (cj in the event each and every the s~ipu.at,ons, ayre~m~nts, ccnd~~~o•~s a~d tovenents of sa,d p:o~n~ssury note and th.s mortgage any or euher are not
iu~y, pro~nptly and fui:y perforn~ed, d.s.haiyed, es.~cutcd, eftrd<d, temp~eted, comp~;ed v~nh and ab~d,d Sy, then in enher or any such eve~t the sa~d ag
3'~'3a~e s~m mhnt~oned in sa~d prom~isory n;.re ~hen .e~::a~niny unpo~d, w~~~ imrr~v acuuad, and a.i moneqs secured hereby, sh~li brcome due and pay
ao r fo~th.~ith, cr rhereafr~~r, at the epr:on of s~~d h50+2TGAGEE, as tviiy a~xJ complete!y as if aIl ol thr s~id :ums of money vicere ong~na~ly st~pu:atrd
!o be pa.d on w:h dzy, anything in 53.d Ff0'~1:550!)/ ncte or i~ this N1or~gagr to the convary not,~.~thsta~:d~~~y; and ~hureupurt of thereafter at the opt~on of
S~:J N!ORiGnGEE, wcrt,c~+ n:t„? or der.~and, Surt at ta,ti cr in eyurtp, thereiore or ti~rrcei~er begvn, n~ay be prosecured as if ail mon.:rs secured hereby
n~d rna!u~ed.p:~or to its ~r.sirtvt~on.
7. Tf,a~ in the e.ent tF~at at th~ beg~rtn:rg of er at any ti~ne pending any su[t ~po~ th~s Mo•tgaye, or to (orecfose it, or to reform it, or to enfo+ce
~~.a.ment of any ;!o~~~,s l~r~e.~r~der, so~d F.tUR'vr:GcE shaii appty ta the Court havi~:g ju:~sd.cs:on ~hereot for the appo~~tment of a Receive~, such Court shail
to:thw~rh appo~nt a r~-~z„rzr of sa~d mottgaged prope~ty alf anc: s~nyvlar, ~nci~d ng ai~ and su+guiar ~he ~r.come, proi~~s, iswes and revrr~ues lrom wh,tevrr
s,~rce dc+~+ad. each ar,d every of whch, ~t be~:,g expreisly ur.denaood. is FerE6~ me~~gage•d as ii spec~ficat~y set forth and dascribed in the granr,ng and
F_,i~end~m c~auses hereof, and wch Rece~.er shnil have a!1 tha b:,,aa and etfctirl.e fv~xr.uns and pe.,,ers in anywise entrusted by a Cou~t to a Rece~var, a+:d
s_:h appo+nt~ne,~t shatf t_ rt~.;d? oy svch Cu.,ri as an adnitt~~d ~G~~ty and a~ra~ter of absolute right to said MORTGAGEE, and wi;hout re;erence to the
a~.irqoacy or inadeqvacy of tF:e va!ve of the proyr~ty mortgaged ur to ~he SG vc•n~y or ir,;o~~ency ol said MORIGAGOR or the defendants, a~TC~ +hat wch
pro'~ts, incwne, iisues and rever.ues shail be app~~ed oy auch Rec_~:er ac.u.d~ug to the I~en or equity of said MORTGAGEE and the pract~ce of s~ch
Co~rt.
8. To duly, prom~Ny and fvUy perform, d~scharge, exr:vt•_, eifec:, tomp:etr, cor..piy w~th and abide by each and every the stlpulatlons, agreernents,
;o^d~~~ons and covenanrs ~n sa~d prom~ssory ~ote ar.d th~s rn~rtga~e set forth. -
9. That in the event the ownersh~p ot the mort~aged pre~~,~ses, or any part t'rierecf, betomes vested in a person other than the MORTGAGOR, the
~`RTGAGEE. irs svccessora ar.ci ass~gns, may, v.;Thour nc•~ce to ~t,•: ,~',CRIG~OR, deai ;.vsh s:,ch successo. or successor in Interest witfi rrference to th~a
:•1gage ard the d_ut hereby secured in the same mann~•r as ~n~:h ~rtg~gor wnhoot in any way vit.atiny or d~scharging ihe fJlortgdgois' liabiiity here- '
~.:.dr: or ~~on the d_br hereb~ sca,~_d. No sa:e of tha Fre:r,s~s h_~r~bi ~„o.~ga9ed ~nd no forbra~ance on the part of the 11iORiGAGEE or ~ts successors
„ ass~grts a~d no eatens~on e1 the tirne for the pa,r~:ent of the deW h•~+eby sec~red gi~en by the MORTG~GEE or its successors or ass:gns, aliall operate
io re!eese, dacharg~, mod;ty chang? er affect rhe or+gmai liau::.ty of the R:~R(GAGOR herein, e+iher io whole or in part. _
10. It is speufical;y agreed that tcne ~s of tl~~ rsse~ce of t!us cor~tract and that no waiver of any ob~~gat~on hereunder or of the obligatioo s~
c:,red hereby sha'.~ at any time therratter bz he:d to be a v~a~rer of the terrns hereof or ot the instrument sec~+ed he~by.
11 . In ::id.t.cn tp the fcrE•gc ~~~j n~cnrh'y paymc~r.ts of Fr. i•~-c ~i ar.d i:~~;; r.~sr required by The prom ssory ee'e s.^_ured hereD~, mortga3or tovenanti
d agr_~~s to pay to ^:o•rgeg•_e •r.~:h each i:,;;n•h y•,;i~. e•~: an ..e::i,:~o~iat :v~~ ~ted b; mo•tgagee to be equal to i. 12 of r;~~~ ~n:~~al cosr oE the foHow-
A-A11 ~eai ~;ro,;~~ty tac~s !e•;._:i or ass~.<s•.•i ;:;.,s~ ti,.: a:>~.~e d•.svi'-;~~i r,al es~afe.
6 P:~ t. s on i:rc ara r.us'o ~rsv~:~cr :u•~_ •~~y...rcd to Le ca•n•:S e•~ tFe ,m;:iGVnmC~}S s tvate on tha above d_scr:Led premizes.
C--Pfi'~•~U!'•S en such rr.or'g:.ye g~ar~~ry u-sura~.:e ~s ~re+rn,agee sha'.I fre .^~.e to t6r.e de,~:n fit to carry on the loan sccured hereb/.
biortgagce s~•~:~ ±•om r:~~.~ to +~::,e ncr~f; nc*t.;~3cr ~n wr~t;ny of the a~•~o.:nt d~r and pa~ab~e herzunda~ and su:h s~~n sh~ii thereupon be d~e and
..:~!e on tnr d.;r ae!~ ci th~ ~+exf n:onth. f pa~meni and e,.ch su:cessi.e ~:o•~th Y~<:rraft^r ur.til mortgayee sha!1 not~fy mortgagor of a thange in S~ch
~unt. Such t.;ms sF3.i ~a ap:.:~_c3 by mcrt_gny_e te::a:d tn~ {;a~rtr~. of rei! pre;.erty t3xes, inwrance preT.~ms, a.~d murtg.~g? guaranty insurante
f e~nwms. ~
~ -
1'JtTNESS '.'HfR~Of, the sa: 7r~!ORiGAvCR h3s hereu~to se! his h.ar.d ar.d scal the dry and y ar first aforesaid.
E ~
` 5 ed, ' and deii ere i t pr e e of: I ( j~ I1
, ~ - . ' G~-(~ l.~ Seal
1
s Inl ~~f Lillie Mae Gilmore~ a sing~q
~ ~LiC~L~ ar~ul t (seaq
~ ktitnes , t~aq
k
; STATE OF FLORIDA ~
ti
~ =:~U'v1Y OF ~L. Lucie ?
3 -
~ Befwe me persona!!y appeared _ Llllle Mae Gilmore, 8 S T1gle BC~Ll1_tt -awi-
~ __-----_------------------hw~nrite, to me well known and knovvn to me to be
!;•,e indivldua! described in and who exec~red ~he furego~ng ir.strument, and a.knowledged before me that ~e ezecuted the same for the purposes
~ rticrei~ exp~essed. /ln~theeai~-_--------~~~-~-_~~-- '.'::i ~ y`,/- ,
~ C!~ ~
i~:~R= o1TFfnZd1~-- - - ~ruf`~!~~~~f?~+l~f1~~
~ern+ne~ion~~ne~akerraepero~e~wc~epeM~r~n?j1MiM1~ vs`.irdr+skwowaedgrd~aodbaEor~~oshit~~o+c~a?t~dsaid~4tkuWCOt~~~1~Y~yt.%
~ w,~ra.wi-v..ri.ov~•w?p~c«wp~.!~:~+..~o«s~ra~rt.-apPr..taQ " ~~ai~af~cdr F~,~and_ ~ . r t', ' s
~ WITNE55 my hand and offiual seai this_ _ ' _ da of_ ~rCb '1 A. D. 19.~~ • ~
~ - %~_';C_' _ ~
~'t'~ 1`'~
'-~i • . -
Nofary P~bGc in a~ for the Stale oi 6ortda af Lary~'
,3 My Comm~ssion expires: ,
Ret~rn To: L"
-;3 first Federat Savmgs 3 Loan ASSOCiJi,on " Ft ~
o~ ~~;•r P~-ce. NOiARY PUB~IC, STR1E ot f10RlDA at LARGE
_ Fo•a F~:,rce. fio•~d.~ MY C0:lR~iSSI0i1 EXF'iP,~t )~p. 7. 1977
BonQed 8y timcrican 6:,~:.,;5 Ir~suran::E C~,
This Instrumeni Prepared By Gdry F. Ellwood f?~=~.,~y~;;jvh'~Y F~~' 1
~ 51 ll;i. - .
First Federal Savings & Loan Association ~L :-;ITRAS Rt ~
- of Fort Pierce ~ FlOZidB r- i.~~~ "e1 ~
R~C' . i`
,~°j Checked By ` 3 4,, 4H sb
- ~ 224 ~Q~E 2169 ~
~ `~w"J4~~
;=j ' M ~
_ ' ~ ' _ -
~ - ~
~ - ~ ~ °~'~~i ; ~
~
£`~.`ri- ~
~~2A„'--~,~
~`S".c~~"'-~' c ~
3 -~-i . ~~'~t'~~~'