HomeMy WebLinkAbout2298 3. To p:.~.e and co~m„~:o~vy weep on thr Lu~.l~~.qs oo+v o~ ~~C~POTtlt s~wate on sa~d ~and ar~d on aL' ~q_y.~' ent ard persona~ly cu~rred by th~t rratg-
ege. W~Ih dil ptrn~~,r~rnf ll~c•ri~~n ~:d~d in fu.t, Lre i~,i..~..~:ic a~ tl~a ~isJei ste..J~ed yo'.~C~ fOrm, in d f~i~~~ a~.F~rure~ by the MJK:v:.laf[. a~~J w~~.~~l~twm
~nsvrance in tha uiual sra~id~~d po~.cy t~,m, ~n a s~~n a; {~roweJ hy the MGRIGAGEE, in such co~npany or co~+~;~an,es as the h1"v+tIC,AGEE may
dned; and aH (ne a~.d w~nds~orm ~nwrancr po~~~~.•s on any of sa~d tw~.d•~~gs, any intr~cil therein ot part th~icof, in ~he agg~~g~re a~«~ atoresaiJ or
in eacess tht•rcol, ~!~~!I :un~..~n the va~~~ s~a .i,~d morey.~yre c~uir or s:.:h o~hei do~se as ~he Moriyayee may rrqu,re, maGng thr ~css ~~~Jrr ~,~d poli•
crs, each a~~d r~rry, pa~ab:e to se~d .`:,JRIGAGEE as ~ts .ntc«•s~ n~ay aF,Hcar, and each oud evrry wch p:.'.~c~ sLoll ur Nru,nNt~y assg•~~d a~d de:~vc<<~d to
any helJ by sa~d .~'ARl;,AGtE as f~r~her s~cunrr ~o s~~d ~~~o~Tj.~9r d~•ur, a~~d, ~~er less ~han ten (t01 days in ad:.uxe oi ~he eap~retwn ol e.~ch po~~cY. ~o dr'
L+er To sa~d h1pRTGAGEE a renewal Iher..•uf, togr+hr~ wi!h a rrcr~~~l for Ihc pren~wm o1 wch reneo.ai• aeid ihr~e shail bA n~ f.~e or w~~~dit-v~~n insurance
placed on any of sa~d b~,i'd~ngs, any i~~tcrest the~r~n or pa~t ihr~au(, unirss in ~i~e fo~m and with the loss payab!e as aforeso~d; and in the eYent any wm
of mooey brca>>ea pa~ab:e w~Jer iuch puf~cy or pal,c~es sa~d L',Ok1GAGEE s~~-~il ha+e the op~~on ro r~~c.r~:e a~~d op~,:y the sa~~~r on ec.ou~~~ of tl~e inJrut..•d-
ness aa':wed her~py or ~o per~nA se~d IAURTGAGOR$ to rcco~~~ and use il Or a~y ,.,rt ~he:~•ol for ot~.. r~,~r, osrs. ~v.ti,~.:t th'.~ .,i or n..p.,~r
~ng any equ ty, i~rn o~ ~~g~~t under or by vir~ue of tha a~cc'yaye; and in ~he evrnt sa~d AIGRIGAGORS sha~l for ~ny ~eason fai! ro k~ep ~he aa~cl prem~i:l so
~nnurcd. or fail to dr!~ver promplly any of s.;id ~•oL•cies of ~nswante ro aa~d MORIGAGEE, or la~I pron~, !ly 1o pay iu~ly any pre~>>iwn therefor or ~r. a•~y
respect fail to per(orm, dnche~~e, exe<~tr, eftecl, co~~p?ete, co^~p(y with and abide by th~s cove~~ant, or any ~:ei? h~~reo1, s.+~d MI~RT'v'AGEE may pidt~ a~:o
pay for such insur.,nce or any part ~hr«of w~thout waiv~ng or atfrcting any op~~on, I~en, equ~ty, or ri~M vnder e~ b~ virtue of this 61u~tgage, a~d tht
!;;il an.ount of each and e.ery su:h pay^~ant shall be ~~n~ned~arcly d~e a~~d payable and shall baa. intcrrs~ (rom ~h~ date thc~eof uneil p~~d at the ra~e of
r,.ne pdr eintu~ri pCr Annu~r. a~:d to~:thc~ ~nith s~:h ~ntr;cst Sn.~l: !w s~',-ur•d by !he lien of thii mortgagC. -
4. To permit, commif or suffe~ no waite, in'Ya~rment or clitrf•U~aT~on of sa~d propc~~y w any patt thereof.
5. To pey alf and sing~iar tha ccsts, charqes and expensrs. ~~~dudu~g a rea>onab!e attorney's fee and costs of a6st~acts o( tit!e, incuned or pa~J at
,~y t~~r.e by aa~d rdORTGAG'_E, because o~ in ~he eve~,r ot ihr fa~iwe on ~ne psr~ of ihe sa,d MORTGAGOR to duly, pro~*~p~ly and ~ui?y pe~fwm, d~scha~ge.
.rcura, effect, con,pirie. ce~r.aty w~th and ab.de by ea.h and evcry ihe it~p~lanons, agree:u<nts, cond~nons, ar.d covenan+s oS sa~d promi~sory note and ~Fis
~,ortgage any or enher, ar.d s~:d cests, charges a~~d expenses, ead~ and every, sha~l be immed~ately due and parab!e; whether or not rhere tx nonce d~
n,and, atte•npt to co~iet~ or svi~ pend•~~y; aix/ the 1uL' amount of each and every svch payment shalf bea. irverest from the date thereof until paid at the
o' n;:ie per ccntum ~rr annu:n; a~~d all said ccsts, ci~arg~s a•~d cape~~ses incwred or pa~d, toy~ther wdh such iroerest, shall br setured by Aie l~en of tha
rnortgage.
b. That (a) in the event of any braach of ~his Mortgage or defaulr on tha part of she MORTGAGOR, o~ ~b) in the eveN any oi sa:d sums of money
6~-ro~n referred to be not promptly and fu:ly paid wit!~in ~i~.rty t30i days r~ext a=t~-r ~he san~e severatly betome dve and payeb!e, without demand or ~once,
cr ~cj in the event each and every the stiF~~at~ons, agreaments, condinons and covenants of sa.d prem~sso~y r.otr and ~h~s m~rtgage any or e~ther are not
i~iy, prompNy and f~i:y perfor~n~d, d:scnarged, eaewr~~d, effected, canpleted, comNhed w~th and ab~d~•d 5y. then in e~ther or any such event the sa~d ag
~•cga?e wm menno.:ed in said promissorp nore then re~nauti:i~ unpa~d, with ~~.tere;t accrued, and au mone~s secured hereby, shail beco:ne d+~e and pay-
ao e fcrthwith, or thereaf~cr, at thc o}~t~on of s~~d h10R1GAGEE, as (uity and comple~e~y as if a~l of thr sa~d svms o{ money vvere or~gina~ly st~pu~ated
~n be pa d on wch d~•/. anything in sa d p~Om ssory note or in th~s l.lortgagr to thz convary notw~thsta:~d~ng: a~td ~hereupon or thereafter at the op~+on of
s, d!:iQRiGAGEE, v.ltt~out r.u~.cc or demand, su~t a~ law or in eq~~ty, there~oie or it~reaiter begun, rt~ay be pr~isecutrd as if all moneys secured hereby
r„d metured pr~or to ~ts ~nsi~tw.on.
7. That in the event +hat at the beyinn:ng of or at any ti~ne pending any su~t upon this Mortgage, or to forec{ose it, or to re(orm it, or to enforce
~~.~ymenf of any cie:ms he.eur.dar, sa~d h10RTG:.G:E s~~al~ ap~: y tu thi Cour~ havi~:g ~urnd.c:~on eher~of fo~ the appo~ntmeM of a Receiver, wch Court shail
i:.•+hw~rh apE.oint a receiYer of s~~d mortyaged property a~! and s~ngi~lar, inc:~d.ng a~l and smg~Ear the incume, pro~its, issues and revenues from whatever
s. vrce derived. each and eLrry of wh.~h, ~t be~~~g express,y unders~~od, is hereby rnor~yagrd as if spec~ficafly set forth and desuibed in the g~anring and
t„t,endum c:a~scs hereof, ar.d such Reteiver sha~i hare aii the 6raad a^d effi~c+:ve funU,ons ~~~d powe~s in anyw~se eNrusted by a Court to a Recciver, a~•.d
s_.h ap{:ointoie~v shatt bc• made by svch Cowt as an ad~•utt<d eGuity and a rran-rr of absoiure rigM to said MOR7GAGEE, and without reierence to the
.i _•a~;cy o~ inadey~acy of Ine value of the propr~iy morrgaged or to the so ~'r~cy o~ ~nso:~ency o( said MORiGAGOR or the defer.dants, and that Suth
~~~•s. prolite, income, iss~es and revenues shafl be aNpGrd by s~ch Recr~ver accorci~~:g to the Gen or rquity ot sa~d MORiGAGEE and the practice oi such
Cou~t.
8. To du!y, prompt!y and fv'~y perform, d~sch3rge, e,cecute, eifect, comFiete, canp~/ w~th and abide by each and every the stipulations, agreemeNS,
^drtioni and co+enants +n sa~d pfocnissory ncte and th~s martgag~ srt forth.
9. 7na? in tF.e event rhe ov+nersh~p of ~he m~rtgaged prBrc~SES. Or any part tF.ereof, becomes vested in a perwn o~her lhan the MORTGAGOR, the
: JRTGAG:E, its wccessors ar.~ ass~gr.s, may, w~tho~t nonce to tne :'~ORiG~+OR, dea~ wrth such s~ccesso~ or s~ccessor in interest wah reference to this
~ o•tgage a^d the d~~~t hereby srwrrd in tAe sdme m~nnrr os ~ i:h !'Au•tgagor w~thouT in any way viT:dting Or d~stnarging the Marlga~OrS' lidbilify her~
, der or upcrt the d•_iit l~e:eby se:v~ed. No s3e of tr:e ~:rem~ses hrreby mortgayud ard no forbearance on the parr oi the 1140RiGAGEE or its succeasors
ass:yns and ::o exr~~~,s:on of ehe s~:~:: fcr the F•ayment ur tl,e deb~ h^•e6y secured given by the I'.10RTGAGEE er its successors or oss:gns, a.~all operate
ro re~•.ase, d~scharge, mod~ly changr or arfeU the o~~y~nai i:e~..~ry os tht h10RtGAGOR here~n, either in whole er in part,
10. It is spec~f~,alty re•eed Ih3~ nme n of th-: essen;e of th~s contract and that no waiver of any obi(gauon hereunder ot of the obGgation s~
.;red hereby sha:: at any ti~~~ tt.irrarter be n~:d to be a~ve~.er ef the terms herco4 or of the ins~rument secured herby.
11. In sci:i t,c i'a ri,e foregc ..,os,!h', ~ p.:y,. ~ms o' ;~.'c ~I ar.d i~:;<~res~ re?u~red by rhe prom,rery no~r sccured hereby. mo~~gagor covenams
i ag~^es ~o roy to ^.c tg+g_e ..:sh each r~v~r.hy ra,~ e~t ~-n,ad~::r~onal svm es• ~.sTed b~ ~:o~tgagee to be ey~,a~ to l. 12 ot t,~e annual cost of the foliow-
,y
A- 11; r~ a! ;;repr.t~ ~.i~:s !e:~cd or a;sc<:.-, cy ~r r t~.'- -.i,~,rc desc,~:;~ d r_al estate.
! B Pra~~ ~nns o~ f~rr a~.d ,r:.cis~orlr ~nsvri~'ce as hr~:~~~~ r~-y~:red ~o be car:~rd cn the :~nprovements s~tvate on the above d:scribed premises.
~ C-Pr~~~,~~ o-~ such c:crt~:ge guara::ty ~r.5urj CB eS ~r~•n;~gc•e stia[i ~-.:r~. t~ne to si~nc 'deem f~t to earry on fhe loen secured hereby.
~ %:.ortgagee s~»~1 frcr~ r~•r.e to ~+~~e no+•f, mort~_,.,ger ~n r:•rt;rg c+f the a•r.o~nt due ar.d payable hereunder and wch ws~ shait thereupon be due and
! ,nb?e on she :f;~e d~te of ~h~ r.exr :,,o~th:~ pay~n._,~r ar;d r,c~ w:cc•ssiye no•~th thereafter ~~~tii mcrtgagee shal! not~fy mortgagor of a ehange in such
~cr..t. Such s~~ms s~:~ : ue a~.F'~.d 'ny ~r-vty.;~:~ rowa•d the F;ay~~ eat of :ral prcperr~ taxes, insura~ce prem:~ms, a~id mortgagc guaranty insurence
~
f ~~niums.
' ~ 1, ••;t17P _ • HER~OF: the said TGAv7R has i~ereu~:to set his hs~.d ar,d se.,i the day and year rsf aforesaid.
: ? •
; i d, a3 and eli• e in the e - e of:
? (y Seal)
~ W1 .T. @ (Seaq
~ . _
~ - - Pegg . Blake csea~~
~ - -
~ ~'::TE OF FLORIDA ~
~
~ :,UNTY OF __St. Lucie ~ - '
~ Will iam J. Blake a~d
Before me persona~iy appeared
~ _ Peggy L._ Blake i_ t,,, wife, to me well known and known to me to be
~ -a ind~viduais descr;bed in and v~ho exec~ted the foregoing instrument, and acknow~edged before me that they executed the same for the purposes
~ ri c-ein expressed. And the said____- P~9y Blake
j. {~1~1111~ .l. Blake upon a se arate and rivate
ri, ~ of the said _ P P
~ ~„m;nat~an by me taien separah+ and apart from her sa~d husband, acknowledged ta and before me that she executed said instrument freety ar,d volun-
•~.y and w~:hovt any co, p~sion, tonstraint, a;;prehens:on or fear of or fiom her sa~d h~sband.
-x ,~,~^.t Y,,~. ~ MaYCh
~ W11tiE55 my,h~nd -eni! of/YciAl_ seal th~s_ day of / - . A. D. 19 74
_ - . ~ J -
~
. Norary P~blic in and i the State of Florida et large
_ My Comm~ssion expires:
- 1tEtum ioa ' ' -
- iirst Federa{ ~S~v~~q6.iL' ~loan ~1sSocia!;pn ~~pMy rvbGc, Slvh oi ilorida at loe~,~
_ = ~~f f4.t E.r~c.~ Mr Commiss~~n Eapres Oct. 30. 1976
_ ~~crt P~~i<<-; F:crtda _ M~td O/ Amu~ic9q ~'f~ b~03V~h ~
l
' i~ ' T ~ \
This Instrument Prepared By J. H. Roberts, Jr. F~~~L a~ ~~{.~~~c~~
Si. ~U~ `'~N ~ t. lA. L
First Federal Savings 8 Loan Association Ro;. q~g ~
a~ Ct~c. , ryUpt.
of Fort Pierce, Flor ida
acr;: :r
' Checked By _ Y.D
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~ ~ ~4 F~~ 2297 2'76523
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