HomeMy WebLinkAbout2174 3. To ylaca ard iunfin~~wi'ry le~~p un ti,r L., .1., ~s ~.sar On c~rivitcr a':..~te cn ia,d 'and an~1 on a" ~.7 ,i~. ,~.~nt er.J persona'ly c~.:c•~ d bY th~f mortg.
egs. w~rh ell pren.w:~~f ~~~rrcon p~.d ~n fuU, 1~rr ~nsu:.,~+cc ~n tiir „s~ai Sta~~d~rd po'ity {orm. m a Sum aHNrurcd b/ thr h\~;~K.v%.C,ii, a~~.d v.'~':~1:tv~e~~
~nwrance ~n the uw~l s+~:~Jerd No!.cy for~n, in a w~n ~i i.ro~rd b/ ~he h1~iRiGAGEE, in wch to~n~.any o~ cc:~y.~n es ~s the t.'.JIIGAGcE ~,~~y
duetl; dnd a!I iiro and w~nJaturm insu~ante po ~c~cs a~ any o) s~~d kw~td,~~gs, any inte~est the~e~n o~ {:ert fi~~~~euf, in the e~g'•-yo~e s.:~•~ atoresa~d or
in excess ihrreol, s'~atl :oni~~n thz usu.:~ sr~~:d,~d :noz~y.~yzr ciau:e ur s~ch o~hai c:a~se as the Mortyagee may ~cy~re, n.ol,~ng U.r :cis u~~d~•~ ~~~d po:i-
ues, each and ~VC~y, ~~AJd:lC ro sa~d :!vQi"AGEE as ~ts ~~~~~~~~•s~ ~r.ov af.Nrar, e~~d er_h ar.d e~ery sucR p::::cr n~.3;t i~e ~eu~rN+~y .ss j~•~d .,~d dr.~~~r~d to
eny hrtd by ae~d h102I"vAGEE es f~nh~r s:cw~t~ ro sa~d n i.,r~geye d•.l,t, a~~.J, not tess th.~n ~en (1~) dsis i~~ :.J..,~.ce ol the e¦~.~~~'~~~~ oi ~~<h po:~cy. ~o Jr-
I~ver 1o sa~d A10RIGAGEE a renewal Ih~-reo(, toyeihr~ wdh a recc~pt 4ur t1~e prcm~um ol wth ~er•eno!: and thare s~w~l ba ~w i~re c~ r.• ~~ar..'~n u'.s.,ro~~ce
pleted on any of sa~d bui!d~•~9s. any intares~ thrre~n w E:art thereof, ~ntrss in the fonn ar,d w~th the ~oss pay.,u`r as aforeaa~d; and ~n the r:e~v a~~y sum
ot money become~ payaL~e under s~ch poGCy o~ poLc~es sa~d h10RTGAGEE s~,:~ii have ~he oH~.on to rrc_~+~ ~~~d yp~!y tf~c se~nv o~ ec.uu:~~ of il~e ~~~J~:.t.~d
nrss aecwed he.eby or ro pennh ~a~d rAJR?GAGORS ~o rece~ve and use it or a~,y ;,art ~h•_:~oi tor c:~~•:r :..,r~;:srs :.~~~•~.t ~J
i~g any equ~ty, I~en w ryht unJ~r or uy vi~we of ih~s mc:'yagr; and in fha evr~~ sa~d MORiGAGORS s1~.~!I to• any r~.,son fail to k;ep tl~e sa~d Hre~n~s ~s so
inswed, O/ fail 10 dr~~ver pro~npt:y any of sa~d ~wl,c:es Of ~nwrance to Sa~d MORTGAGEE, o~ fa~1 prumpt{y to pey fu~ly ony p«<~~~.,~T th~•r~•4ur Or i~~ a•~y
respc•c~ lait ~o pe~form, d~s:h~rge, execute, efirct, ca~~p~rre, comply wi~h and ab~de by th~s covenan~, o~ any p~~r hereof, s.+~J ?~v2::,:+GiE mr~ N,ei~~ a o
pay for wth insur.~nce or eny parl ~hereo( w~thoul wa;ving or a4fecting any opt;on, lien, equ~ty, o~ ~~~h~ ur.der or by v~:!~e of if~is hlv~igeye, a~~d thc
tull amo~ut of each and eLery such paymem sheil be in,med~atuly due and payab~e and aha11 brar int~~rest fiom tha date thcr~of wod p~~d at the r.,~e ol
n~ne p~r crnWm prt ann~~n and ro~a7h~•r .r~th such int~r~~st sh~ii t>e stc~red by Ihe fien Of lhit mOrtqage.
7o permi~, com~ni~ w suHer no waste, impalnurnt o~ drr~~r~oratiun of said property or any part tha~eof.
5. To pay all and singuln~ the costs, charges and eapenses, miludu~g a reasonabte a»orney's fee and cos~s of abstra~~s of tit:'e, incurred or pa~d at
any ti+..e by a~~d 61G2~GAG'_E, because w~n tne e~ero of the 1a;lurr on ~he Gari of ~he said MORiGAGOR ro duiy, pra~:p~iM and f~.iy p~rform, d~sch,~rge.
_xecute, efttct, tanple~e, co~np~y w~th and ab.de by each and e~ery the Stipulat~ons, agr~-ements, cond~!~ons, and [ovenants of se~d promiswry note e~~d tl~,3
„ortgage any or e+~her, a~~d sa.d cosrs, chargea a~~d espanses, each ond every, shall be immed~atety d~e and payab:e; whe~her or not thz,e be nor~ce da
niand, attempt to co~~rct or sui~ pend~ng; and the full ar~iount oi each and e~ery svch paymrm shall Gea. inte~esl from the date thereof until paid at ~he
~.,re oj n~r~e ccntu•r E•er an~w.n; anc: all s.:iJ costs, ci.arg~~s and ea;:anses inc~~red or Naid, loye~her w~th wch ~nte~rst, shail be sewied by the Lrn of th~~
mortgage.
6. That {a) in the event of any brrach of ~his Mortgage or default on ths part of the MORTG~GCR, or ;b) in the event any of sa;d sums of money
herein refencd to be not promp!ly nnd futiy pa~d wliLin eh,rty (30: days ncxt a~rcr the same Seve~a'ly becon~e d:,e and payeb!e, withovt decr~and or ner~ce,
or (c) in Ihr event e~ch and e+ery the stip~.ci~ons, agrecments, cond~rions and tovrnants of sad premisie:y rot< and th~s rnortgagc any o~ eithzr are nol
~~ly, pranptly and lutb~ perfor~-~ed, d scha~y_~d, exrcured. eiteued. canp;ered, con~p6ed w~~h and ab~deJ 5y, then in e~ther or any such event the sa~d ag-
gregate svm ment~oned in sa+d prom~ssory note then ~e:nairing unpa~d, with inie~r~t actrued, and all mo~~rys securrd hereby, st~aL' trtome due and pay
ab~e forthwith, or therea.`trr, at the op~~on oi s..~d h10RiGAGEE, as fully and comp:ete~y as ~f a~I of thr s~~d w~ns of n,oney v.•ere a~~g~~~aily st~pv:ated
to be pa:d on such d~y, any:h~ng an sa.d p~o n~ssery note or in rhis Mortgaqe ro thr co~tra~y nor+vrthsrand~ny; ond thcreupcn or thr~eaher a~ the opt:on of
se.d MORTGAGEE, w~thout ~ot~ce or demar.d, su~t at law or in equ~ty, the~riwe w thereafter brgun, r.,~y be prosc:cu~ed as if alt moneys aecuted hireb~/
n::d matureJ pr~or to ~ts init~tution.
7_ Th;r io ihe evero that at tne bey~nn'ng of or at any time pend~ng any s~~t upon this Mo~rgage, or to foreciese it, or to reform it, or to en(orce
;:ayment of any tfaims hereu~:cier, sa~d MORTGAGEE s?~ali apply to the Co~rt havi~:g ~u+~sd:cT~en therrot {ur the apNO~nn~eent of a Rece~ver, such Cuw1 shaii _
rc:rhwrth appc::nt a rece~.er of :a~d R:o.tgegrd property aIl and singular, inci~d,ng afl and a~<<g~Iar tne ~r.con,e, proi~ts, iswes ar.d re+rnues f~om wh:,tever
s>urce deri~ed, each and every of wh!ch, it t,e~ng eap~ess'y ~r.dersiood, ~s hereuy n:or~gegcd as ~f spec,~~caity set So~~h and drscr~th•d in ~he gra•,tu,g ar•d
h,abendum c!auses ~ereof, and such Retriver shall have eil the 6road and efiecr~ve fu•xt.cns and puwers in anyw~se entrusted by a Court to a Rcc~-~~er, a~ d
s. ch appointment shall be rt:ade by suth Court as an ad:nittrd equity and a v:atter of absotute r~ght fo said RSORiGAGEE, and withcut reference to fhe
ac+.eyu;cy or inadequac~ of thr vat~e of the propeny rr.ortgaged or io the so.v~ncy or msutvency of said MORiGAGOR w the defendams, e~~d th.,i such
r•~.-,rs, prohts, income, issues and revenues shail be appiied by sv:h Recrive~ ac<ord~~ig to the lien or equity o1 snid MORTGAGEE ond the procnce of s~ch
Court.
8. To du!y, prompt!y and (ully perfo~m, discharge, execute, effect, complete, comply with and abide by each and every the st~puSations, agreements,
conditions and corenanrs m sa~d promissozy note and th:s mcrtgage set forth.
9. Tha? in the event the ownenhip of ~he mortgaged prem~ses, or any part ehcreoi, becomes vested in a person other than the MORTGAGOR, the
4:~RTGAGEE, its avccessors and ass~ jr.s, may, wirhout ncT~ce to the A'ARTGAOR, deal w~th sucfi successor or wccessor in mteres~ with reference to th~s
n~o!tgage ard tFe deut hcreby srturet7 in the same manner as w~th l.~.ortgago~ w~shovt in any vvay vit~ating w d:sthargfng 1he /Acrtyagors' :iabiiity here-
under w upon the deot hereoy secured. No sa'e of the F~ern~ses hereby mo.tgaged a~:d no ferbesrance on the pan of the 1110RTGAGEE or its successors
or ass~gns and no extension of the h~r,z for the payment of Ihe debt h~reby sec~~ed g~ven by the 1,AORTGAGEE or ns s~tcessors cr ass.gr,s, a~:all operate
ro release, dacharge, modify change or affect the orig~nal lia::~;!ty of the ll~ORiGAGOR here~n, edher in whole or in part.
10_ It is speuiicatiy agrred that t~rne is of the essence of ti,is convact and that no waiver of any ~b!~ganon hereunder o: of the obGgation se-
~ured hereby shalt ae ar.~ time thereaEter be iee:d to be a w~~ver oi ~he tern,s hereof or of the insrrument secured t~erby.
II, In a:l~.tlp-1 ro the forego~~:3 ~no~~ti;'r pay•.^ems of pri:xpei and inrerest requ~red by the prom-ssery r.o•e r~vred h..~•eb~, mo:tga~or covenanis
~~~d agrecs to pay to necrrga9ee v.~~n each ~nonth y pay~.:ent an adci.nonal sum cs~ - ated by mortgngee to F~ egu.i~ to 1. 12 of tl~e on:~ual ccst of the foliovv-
n3:
A-Afl rrat propert~ taxas Icv:e~ or ass-~ss•,o ega~•~st tt,t acase dezc~~b~.d ~ea~ estare.
B- Pr~rr,~.;•rs un t~r~ and ri~~:dstor•r~ :nsv*arcz as herc:n r~qu:r~d t7 be can;~d on the irn~.roveme::ts s+tvate on th- above d_sviued premises.
C-Premwms on zuch mortg ;ge g~ara.^.ty ~cs~~rar:ce as m.ortgagee sha~l frc:r. t me to ti~ne drem fit to earry on ~he Iean secured hereby.
Mortgagee s~ai! frcm ti~r:e to rime ~~c~ify mcrtyage~ in v+rit~ng oF the a~.ouM due ard payable hereun~rr and s~ch su~•: shai! tF~ereupon be due and
~ ; a;ab!e on ihr d~e da!e of ~he ~~H=t mo~~t>>:~ payn,ent a~~d each succesvve ~^onth ihereafr~r ~~:ri! mcrtgagee shall not!fy mortgagor of a change in s~ch
i .~.o~nt_ $uch zu:ns sh~.i t;e ap~.:~,d tr~ m~r'3; ~:e torrard th.~ pa~menT of rca! prcpe~ty taxes, insvra~:te prerr.vms, a:~d ~nortgaye g~araniy ~nwrance
c~erniums.
~ IN \':li?:ESS :rNEREOF, rrte sa~d MORTGAGOR has here~nto set his h:+nd and seal the day and yea fi aforesaid. ~ '
~ Signed, Sealed a~d detiverEd in the p:eser:ce of: ` ~
~ - ~ / ~ ~c_"~--~ea1)
~ ' _ ~ -'~f-5-- -~Seat)
~ ! ~ . . ' . ~ / - (Seal)
~ - - ~ lSeal)
a
~ SiATE Of FLORIDA ~
u.
a
~ ~OUNTY OF Gt. Iucie _ i
Before me personally appeared - ~Y1~~nd g. I~in and
JOan B• S. ~iT~ _ his wife, to me we!i known and knoxn to me to be
the ind~v~dua~s described in and who executed :he foregoing instrumem, and acRnowledged before me that they exec~ted the same for the purposes
rh.=.ein expressed. Md the said_--__-_-- JOan B. S. ~in _
~ .::`e of ~he sa~d ~~~~~d P. ~lA _ ' upon a separate and private
~„rn~nat~on by me taRen separate and apart from her said husband, acknowledged to and before me that she exewted said instrument freely and voiurr
~a•~~y and w~thout any compulsion, consrraint, apprehens:on, ot fear of or irorn her said husband.
~ WITNESS my hand and official seal thh_- _ day o - March , A. D. 19~
~ ' i /
` Notary P~bl~c in and fbr the State of ftorida at large
My Comm~ssion expires:
Return To:
First Federal Savin9s b loan Assoc~at~on NOTARY PURLIC, $T?.TE M FLOR:DA at UlRGE
n{ :~.1 p,..cc , ti::?~11Ytt 1~!.'%:I~S~O~t ~x{tkES 1tiN. 1. 1977
FOrt P~.•rte. F~onC~a .~~~~Iil@f:i,ZQ Bpp1cI5 ~i1StlfdflCd rA.
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` "'_'h' eT. i ~ _ ~,LE4 ~,,~.;=4iy ~i?.
Wm. E. Braun ~ K
~ This Instrument Prepared By - ` . gT ~ - 'u. ; ~ as
',j; First Federal Savings & Loan Association ~ :n = ~ ~ ' = CL E:
K"~ ' ~l; ~~~,~ItT
of Fort Pierce~ Florida ±=.n ~ ~ ' ; . ~ ~c =t~
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