HomeMy WebLinkAbout2296 3. To piace and cor,t,~~JO~s~y k~~•~, on the Lu~ d.~:~s no~r or I~rr~after s~t„are on s~~d land and on e:l ~•y,~~,:r,rn~ a,~d prrso~~a'~y c-•.~~~d Ly t1:~i n.ortg-
ege. wiih all Frrn.w,~s ~hr~ran ~ad ~n ?~:I, I~r~ ~ns•.,rd~tu ~n ~na ut~e~ s~~~.d.~~J ~,c,'~C~ lorm, ~n a s~•n 3HHro.cd by Ihe h'.VR.v%wCc. a:d w~~~J:Wnn
ins~~ance in the usual ~~~~~cterd N~Lcy lurm, in a su~n aHproyrd Ly the MJRiGAGEE. avch con~Na~~y or co•n~>an.es aa t1~e tLV~TC,AGEE mey
d~rcu; and all hro a~~d w~nda~onn iniurance pu~~:~rs on any ol sa~d tw~~d,~~ys. any ~meieat thcre~n or par~ ~h~•rrof, in the agg«9are swn atu~ese~d or
in exceu ~her~of, s!~~!I ;om;~n fhe usw~ sTa~.d.,~d ~~~urf~.~yre C~duSC o: wch o~her c!~~~e as ~he Mortyo;~re may re<~u:re, n~a?iny ~hr +~as ~~~Jr~ sa~d po~~-
c~rs, eoch and ~vrry. pa~.,v~e lo aaiel ~1WRTGAGt! as JS ~•~I~irsl m~y e~~pear, a~~~d eath and r~ery Such pu~.~./ a6ai! ?x pwn~~~tly eis:j~~eJ a~d de~~Lerad r0
eny h~~id by s~~d 1.10RI;AGtE as 1v~ihcr s.c~~~ty to sa~d n:~+~yeye d•::~t, ar•d, not :ess Ihan ten !t01 deys in ad.a~~ce of the e.~>~rahon oi each poffcY, to de-
I~ver to sa~d h10RTG~GEF a renevc.,l thercof, toycthrr wdh a retr~pt tor tfie prrn.~um ol suth rr~~c.vai; a~~d ~h~re shoit be nJ {~re or v..~wsro•~n u~surence
piaced on any of sa~d bu~!d:~~gs, any intc-rest there~n or par~ ~her,.•oi, unlras in the lorm an~ w~~h ~he ~oss peya6le as afcresa~d; ;nd in the e.e~~t e~y s..m
ot money becomes pa~:a6~e und.r~ icch pol~cy or pol~u~s sa~d MJRIGAGEt ih.~ii have ~hr opnon to ~ecr~:r ~~~d apH!y th~ sen,e on ai:o.,n~ o( the ~~~d~•:`c~•d-
r.ei~ sec~reJ he~eby or to per:n~~ s3~d MvRTGAGORS +o r~crw~ an~ use it or any i~.,~t t6~•:~c~l ~or o:~.. r~.,,~; cs~~s. :..~i~;,:t ~hr•..~
ing any equ~ty, i:en or ri~4~t ~ndcr ~r by vlrtue of thia ~uC::yagc; and m the evrnt sa d MORTCiAGORS sfia!) for any reason fa~i fo krrp ihc sa~d pr~n~~a:s so
iniu~cd, Of fai3 ~10 ~c~~'.i~sef p(Jmptly dny U} Said pOLCieS o1 inSUranCO lo sa~d MORIGAGEE, O~ lai: p:on~ptly t0 {~uy ~u~ly any p~c'~~~u~n thcr~for O~ in dny
ies~ecr fail ~o ~rrform, d~schorge, exac~~e, eftect, comptrre, co np!y w,ih and ab~de by th~s covenan~, o~ any p.+~t h.;reol, sn~d N.uRT;,:+GEE mey p~ace a~o
par ior such insur.ince or any part th~•rcof withou~ w~i.•ing or affeding any opnon, lien, equ~~y, or r~3M under or b~/ v~+rue of th~s Mor+g.~gr, and ihe
~uil a~eio~nt of exh a~~d e.e~y s.,ch paymrnt shatl be ~n~~neJ~a~ety due and p.yab~e and shall bear interesr from th3 dote thcreof ~ntJ p~~d at the ra~e ot
.:ne per crntum per ann~,-r, uad to~.~hc~ .nrth such hu~.:~~st Sfl.ill Fx st•:u~ed by the hen o} Ih~l mortgegc.
4. Ta permit, commit or suffer no was~e, impairment or dctar~oration of said property or any parf thercof,
5, To pay all and ~ingular the cos~s, charges and expenses, ~nciud~ng a reasunab!e anorneti•'e fee and costs of abstrac~s oi tn~e, incurred or pa~d ar
jny t~rr.e by so~d MORlGAG`_E, because or in the event of ihe fml~re on ~t,e pari of the said MORTiAGOR to duly, pra:~,~tiy and fu~~y pr~~onn, d~sc~arge. .
•r:uta, etfecr, canplete, compty w~~h and a6.de by eaih and every the stipu~at:ons, ag~er+nents, cond~t~ons. and covrnants of sa~d pro~n~ssory note a~:d th;s
, ortgaye any or e~+her, and sa d coses, cha~ges and expensei, each and evcry, shall be immed~ately due and payab:e; whe~her o~ not there be nonce dr
rr,:~nd, atte~npt to to:iect Cr swt penJ.~~g; and the f~ll art:o~nt oi cadi and e+ery such payment shall bea~ interest irom the date thereof untif paid af the
,.e o+ n~na per c~n:,,~n ~.rr an~:c:n; „nd aii said cwti, ti~a:yrs ana cap..•r,sca irK~rrrd or p~~J, togcthar w.th suth ~nte~esl. Shall be secured by the l~en Of 1F~~~
mortgage.
6. That (a) in the eveM of any brrach of this hlortgage or defiauh on th~ pa~t of the b10RTGAGOR, o~ (b) in the event any oF sa d wms oi money
herein referred to be not pro~.;~~tly a+:d f~iiy {:a~d w~~tun ~h.rfy ~30i days nexf a*t•_r the s~me se~era:ly ~tcon:e d:,e and payob!e, wdho~t demand o~ nohce.
or (c) in the e~ent rach and every ~he s~~pu:a!~ons, a9rrements, to~~Jrt~o~~s and covenanfs of sa•d prom~swry note ai~d th~s mortgage any o~ edher are no1
~~ly, pio~r.ptly ane~ iu;ly perfor~ned, d~zcharg~•d. exe:ut,rd, effected, co~npleted, compl~ed w~th and at~dcd 5y, ~hen in e~ther w any such eveM the sa~d ag
a~~ gate aum mero~ored in s.~~d Nromissory note than ren.a~ning unpa~d, w~th mte~r~t accrued, and a1I mo~eys secured hereby, shall brcome due and pay
a::'e iorth,n~th, or fherrafr•.~, at the opr~on of sa~d hSQRSGAGEE, as i~tly a~xJ co.nplerely as it a~i of ~hr sald sums of money were or,ginaUy s~~pu~ated
~ be pa,d on s~ch d::~, .anyth;ng in sa.d pron:asory nete or in th~s Alortgage to the conuary no~N;thste~id~~iy; ar.d thrreupon or the~eafter at the op~~on of
se d MORiGAGEE~ N'~:f.GU1 not~ce or dr~*:a:id, surt at inw or i~ equdy, th~~efore or ~hereaitrr begun, n:ay be prosec~ted as if all moneys setured he~eby
n,d rtlature(~ ~hOf t0 dS +~~StitvliPn.
7, That in the e.e~d rhar at che beyinning of or at any fime pending any suit upon this Nortgage, o~ to foreclose it, ar to re(orm it, or to enforte
F:~,mene ef anr r...~~.,s he~tunc:e~, Said b10R'G:.GEE sha~~ ~F:p!y to the Co.,rt F~3v~ny ~UnSO•U~00 thereof for the appo~ntmem of a Recei+er, wch Cou~t shafl
fvrF.wrth appo+nt a rece~ver oi sa~d morty,:g.•d prop~r!y all and s~n3u'a~, inGvd ng ail and sir,y~~ar the ~ncome, prcf~ts, issues and revr~~~es from whatever
s, rce der.+~d, e~ci, and every of wh ch, ~r be~~~g e~Nress~~ understood, is herrby mortgaged as if spec~ficalty set forth and desvitxd in the g~annng a.~•d
F:.+: end~m c!auses hereof, ard such Rece~+~er sha~1 havr ali the brcad a~~d e~+ecr:ve fu~~ct~ens and powers m anyw~se entrusred by a Co~~t to a Rece~~er, ar.d
s_:h 3~pGin:mc'~~t ih,,Il be f+:ade by such Co~:rt as ~n ad~~utr~•d rq~~ty and a mastrr oi absofute r~ght to said MORTGAGEE, and w~ri~out referer,ce to tl~e
-_L• quac~ or inadcquacy o1 the va:~e of the preperty mortg~ged or to th~ son~ncY or insc,!Yt•r.cy o1 said MORiGAGOR or the defendants, and, that such
~•s, proffts, inco~ne, issues and revenues sho~l be a~.p;~~d by SuCh Re[r~re~ ac~ord,ng to the Len w equ~t~ of sa:d ~J10RiGAGEE and the prauice of wch
Court.
B.,To du!y, promFtEy and fulty perform, d~scha~ge, execute, effect, comp'ete, cu:T:ply w~th and abide by each and ever~ the st~puiations, agreemeMS,
:.:~d~t~ona ard corenanfs ~n sa.d pron~issory no:e and ih:s :r,or.gage ser lorth.
9. That in the event the ownershlp of the mortgaoed pren,~ses, or a~~y nart theraof, becomes vested in a person othei than the MORTGAGOR, the
:~RTGAGEE, its wccessors and ass~gns, may, without rot~ce to the Y.ORTGAOR, deal wnh such successor o~ su:cessor in interest with reference to th~s
o~tgage ard the d_oi hereby sewred in the same rt~3rme! as v.~~rh A!ortgagor ~x;rhnut in any way v~t;eting or d~scharg~ng the Mcrtgagori liab~iity here-
.der or uHon the d~br he:eby s^cwed. No sale of the Fre~n~ses hareby ~~ortyaged ar.d no forbearante on the pa~t of ~he /dORiGAGEE or its succeuors
ass~3ns and ~o exrens~on of the tia~e for the payment of the debt t:~reby sec~red given by the MORiGAG.E er its a~ccessors or assgns, ai~a~l operate
ro re!ease, d.scharge, med~fy char.ge or atfect the orig~nai liab~;,ty of the ASCRiGAGOR hr~em, e~ther in whole or in part.
10. It is SFCOi~.3~Iy ag•eed tt:at tune is of the essence of tMs co~itract and that no waiver o! any obiigation hereunder or of the obligation se-
cured hereby snaii at an~ ti~r.e tnereafter be hc:d to be a we:.~•r of the terms herrof or of the instrument secured herby.
l l. in ; ud t.c :*o ih~ fcre9c :,~7 cn~h' {~:~,.r._ nrs o`. p~~-c pa! and inr,,.csf re~~~r~d by the ~rom sscry ~,e~e se-u.ed hcreb;. mortga~or eovenanis
• d eg~vrs tu pay to mortga3ee r.nh each n,::•h y ra~•. e~~t an add~r~unai s~~i es•. ~ ated by mo~fy3gee to be eqvai to 1. 12 of the an;.aaS cov of the foiiow-
3
A--.A!1 rea: prop_~~!y ~a,~as lened e• asses:~_u ay>i st tF~•: ak:o~e desrihed real es*are.
f . .
E B P~ o~ f;,.. d.,~ ~dsro ;•.s~:•:- ce .+s ii~~rr~^ r.~y;.•ed to Le ca~r~• ~ o~~ the ,.+ove:ne~ts s~tuat~ on th: above dcscc;bed premises.
~ C-Pr~~~r.:,,:- s c•i wch r ortg: ye g.:ar,r,;; ~rsu-a• ce es ,ncrtga^yee shali ~rc:~ :•~e to t~~r.t• deeR~ fit to carry on the Ioan secu:~d hereby.
! 6'.o.•ga.^,ec r:~:' ~-om t~-~~ to t;~~e ~~c~~~; mo•ty:igcr :n wr~t,r.g of the a•no,~t due a~d payabte herrund..~r and such su~r~ sha!I ther~upon be due and
f .,_be on rh~ d~. ciare oi rhe n_~ar -no-~!h ~ p~~•„~:•~t a-:d e,ch scccessive rnan+h ;±,ereefter ur.tii mortgagee shalt not:fy mortgagor of a change in such
! ~nr. S~ch s~:cs e,i ae ap~~'~~:d ty :~~or-ya ro:..~~d ti.e pa~n:er.t of r~a: property taaes, insurance prem.ums, and mertgage g~aranty insu~ante
. ~•~r.wms.
s i'~ `::~T`~:SS ::N:R~OF, the sald MORTGAGCi? F.as F~~re~nto set his har.d and seal the day and year first aforesaid.
~ . S:gn eled and~
deli•(e~ed in the presence of:
l~~ \ . . ~ ~ (Seal)
~
~ , .e Pt h P . DIe {~a0
~ _ _r _ (Sea1)
~ -~1~~ ' c~~ Evel~ n.. Dre lseaq
~ ~"~?E OF FLORIDA ~
u.
~ _ ~`~NTY OF _ SL . T,UC le 1
~ Before me persona:ly ap~~~ed Kenneth E'. nYe1N and
~ ___Fvol ~ T_ _ f1reW _ _ his wife, to me well known and knoxn to me to be
~ , ind;vldua!s descri,~,~_d ~n and wh~ eaecuted the foregoir.g instrument, and acknow~edged before me that they exec~ted the same for the purposes
~ r Fvelvn 1_ . nrew
~ t~crein expressed. And the said__-_ -
r, i~ of the sa~d _ Kenneth R. rrPW _ _ , upon a separate and private
.,~r.::nat~on by me taien separate and apart from her sa~d husband, ackno,roledged to and before me at she executed said instrument freely and vo:uo-
k .~',y and w~tho~e an~ tompulsion, constraint, a,r.prehens.on, or Fear of or from her said husband.
y WITt~E55 my har,d and offic~al sea~ th~s_ day oi_ A. D. 19 74
f
~
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~3 f ~ ' ~ . l. :l~ V
S~ L~T, ~,,~M~y F~~/,, Notary Pub!ic in and fo+ the State o lQrida at largo
y R~~, ~•_S ~ M~ " expues:
Re!~m io: , C,;URT Notary Pubtte, SMh of Fleelda at Lo
Fint Federal Savings L loan Asseci~~.on 4r ~,`f r .~?`~~t~:~t~~:,, My Gommission Exp~res f~b. t!r H7rA
' O° . P . ,c., ,~~1 - . ~l~yded bp American Fre 3 Caeua~ty Co.
ti . ~ , F.~,.~;~ 1 I 4 PN'?~ , ~ ~ ~ _
.~_a Fr ! VJr2~ - ~n~~,,,~'"~•• . ~
.l -
- Th~s Instrument Prepared By .TOhn W. ('otlins ~ -f~~tJ _
First Federal Savings & Loan Association " ~ ' .i. : _ "
- of Fort Pierce , t'lorida ,
• . j s
Checked By~ - ' ~
~ ~ 224 f~~~E 2295
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