HomeMy WebLinkAbout2300 3. To ptace and con~inuo~sly ?cep on thr F.u~ ,1,~. ~ti no+v o~ 1,~~«•~i~rr a,~.~re on s.,~d ~e~:d ~~,d ..n c.~.,~H ,~..n~ a~:J prr~o~aiiy coY.:~.:d U~ ih;s n.o~~g-
ege. w~ih all prrn~wms thc~con pad ~n iuli, I~rc u,s..~o c.e ,n tnr ~s.at s`a~:u.,:d pu',..y iurn~, ~n e~..~n ar~,r„+ed thr MvR~~r%~GiE. end w~nJstonn
~~~~svrancC in th2 usual s~endird pot•cy +o~nL ~n a s.,~~i eFµr4~rd 6y thi A~.~kiGAG'.E, ~n auch eo:npe~+y o~ Co'npames a3 1F.e 1.10al;;AGEE ~~~y
d~irct; •nd all fi~e a~:d w~nJa~o~m ir.s~~ente {>o.~~~vs on anY of sa~d bui:d.ngs, any imrresl ihr~ein or ~rart ih~.cuf, in ~he aygr_yare su•*~ afo~eaa~d or
~n excesf ~hereo}. s!~all :ont;~n ~he us~~ai y~a~~dard n,orr:~.~~re c e~ss or w:h o~hrr c~ause as tha 6~u:tyayae ruay rey~.re. ~~~al~ng n~r ~ess ~~~d.rr s~~d poli-
c rs, each and eva~y. Pa~a~'e to ead f.1~lRTl,.4i,EE as ns ~n~~~~_si ,noy n~;p.•ar, ~nd rach and e~vry s~ch ~,:,..c~ si~~il i~r prun~~,r~y asa y~~.,d r. d dr.~.~•n d~o
eny heid 6y sa~d 1.IOR!GAGEE as further src~~~+y to se,J ~,:~~~y~j~ d~u~, a~:d. not ~~ss than ren (~01 d,qs 6~ ,d.~~.ce o( the exp~ro~,on oi roch Foi~c~. eo de-
,.er ro sa~d f.1pRTGAGFE a~enewal thereof, toge~hrr w~+h a rrc~~pt fur the prem~~:n oi wch ~0~~2I:Ji: dnd ti~~•re s~»,~ br ~a i:re w w~~.u~~c.•~n ~nsuronce
placed on any o1 said bui!d:n9s, any imerest therein or pa•t theroof, un:es> in the fonn and w~th IF.e toss payab:e as aic~esaid; a~d in the e.ent any sum
oF money beco~»es payab!e u~:der wch poticy a~r~i;ues s~~d h10wiGA:~tE s~~.+ll herr d~e o~.!.on ro rrc•.~ve .,r.d apH:y thr aa~ne on account o! 1he u~J~:•tcd-
neis secured hereby ot to perm~t aaid /.10RTGAGOf:S to rca•ivo end use it or ~ny {>:~rt tli•-~voi for o:i••r F.~r; ~s•_s. .:~t'~~~'~ +h .ti.~.~ ~ a~~'-
~ng any equ~ty, Len or right under or by virtue of th~s n:ar~y~ge; and m Ihe event sa d h10dTGAG025 sh-+~~ `or vny reason fail to k~•ep ~he sa~d p~em~a_s so
nsu~ed, or iail 10 delive~ promNtly any Of sald po~~ties CI ~niurance lo ia.d MORIGAGEE, or fa~' pron.ptiy to pay fu~:y any prt~nwm thcrefor or in a~y
rrsped fail ~o perform, dnch~rge, executr, e~fec~, canp!eta. co~r~aly wi~h and ab~de by th~s covenanL or an~ pere ~areol, sa~d M.ORiGAGEE may p+ace a e
ray for such insv~ence o~ an~ pa~t Ihcreol witho~t ae~v~ng or affecting any oy~~~n, I~en, equ~+y, or n~hr ~~:der or b~ v~rtue of t!~is Moregagr, and thc
i. !i anwvnt of each and every such payment ahall Ix ~mmed~at.rty d~e and pay.~blr and shail baar intMrst from ih~ data fhereo( ~n~i1 pwd ai the rate ol
per centum per ann~, n and to~rlh~•r w~th such int..icst sha~~ :,r src~r.•d h~• the 1~en of th~i mortgag~. ,
4. To permit, commit or sulfer na waste, m~pa:rment w d~~rr~oranon of sa~d properfy or any part Ihereof.
5. To pay atl and s~nqular the costs, charges and expensas, mcludinc~ a ~rasonabfe attprney'S fee and cosrs of abstracts of t~Ne, incwred or pa~d at
~~y tin,e by sa~~ MGRIGAG`f, Decause or ~n it:r event of ~he ie,wrr on ti,e pan of the s~1d M~RiGAGOR to d~ly, p~on,pNy and fvUV perform, ~~scharge.
..\cute, elleU, ton,plete, co~:~ply wnh and ab.dr by each and every the stip~iai~ons, agrrrments, condii~ons, and covenann o~ se~d prom~ssory note a~:d ~h~s
~:oitgage any or e~ther, and sa d costs, charges and expenses, each and eve~y, sha:l be im~nrd~ately d~e and payaL!e; whether o~ not there be not~ce d~
n.:,nd, at~en;pt lo col~ed or wit pend~ng; and the iu!1 a~:~ouM ot each and every such paymrnt shall Gea~ ii~t..:~st from ~he da~e thr~eof until pefd at ti~e
o~ n~ne per cer.:~m pa:r eniiu:n; u11!: JI~ Shcd Wsts, U~a:grs a~:d ca:~~•nseS +~~C~~rrd o~ pa~d, ~oyeti.er 1YJF1 suCh interest, sha~l bt seCu~ed by the I~en of th.1
n, or tg age.
b. That (e) in the event of any 6rrach of rtus !~lortgige or defa~!r on the pa.t of the MOFTG~IGOR, or ;b) in the evem any of sa d svms of money
h,rein ~efe~rcd to be not prompfly and fu:ly µaid w~~~un thut~ ~30; d~ys neat a~t~•~ the sa~:~e xvcra::y beconie d;e and payob!e, without de~nand o~ nonce,
.,c) in fha event each and e.~ary the sfijw:a:~ons, agtremenK, cond.t~o:~s and co~ener.is ot sa.d p~o:r,iswry note and ih•s rr:ortgage any or e~~her are not
j~~Iy, promptly and iu:iy performed, dacharg•_d, eK~cut~d. efircted, canplrted, comNt~ed wnh and ab~d..~d 5y, thrn ~n e~ther or any such event the sa:d ag-
~~cyate wm ment~oned in said prom~ssory note then rema~n~ng unpaid, with ~~~trrr,~ at:rurd, and .+it mo~:c~a sec~rcd hereby, shal! become due and pay
a fortho~nth, or rhereafter, at the opnon of seid MO~ZTGAGEE, as fu~~y and cwnpirtety as il aIi of tl~r ia~d iu:ns of money v.ere o~~y~naity st:pu;ated
o be pa.d on wch da~, anything in sa.d prorn•ssory note o~ in this Mortgage to the comrary notrvithitand~~~g: and thcrrupon or the~eafter at the opt~on of
s<:t IAORTGAGEE, v~itf,uut no+~cr or drmar.d, su~t at !aw or in equity, therrlure o~ thrreahrr bey~n, may be prosecuted as ii aU moneys secured hereby
n. d matured pr~or to ~~s mshtut~on.
7. That in the e~ent that at the beg~n~:;ng of or at any t«ne per.d~ng any s~;t upo~ this tdortgage, or to forcdose it, or to reform it, or to er.force
~~;~:ent of any c~a~ms he~eundrr, sa~d /ApRTvAGEE sha'~ apNly to ~hz Co~r~ having ~ur.sci•c+.or~ thr:eo! for the appo~ntment of a Receiver, such Court shal{
t: •i; ~ith appcint a receiver o! said n~ortgayed proprrty all a:id Sin j~idr, i~~Gu~ ncj ai~ and s:ng~:ar ~t•e ~ncome, p~oias, issves acd reverues from wh,tever
s; _~te derived, eoch and every of wh:ch, ~t be.ng erF:•essly u~:de~stoc,d, is hereby mertg~g~~d as if spec~fically aet fo~th and deacribrd in ~he grannng ar.d
!•t,~ndum cia~ses hereof, ar.d such Rrce~ver sha~l have a~! th~ br.:ad ar.d rfiect~~e funct•ons and po,~re~s in anyw~se entrusted by a Cou~t to a Receiver, and
appointment sh.~ll be n:ade by such Co~rt as an ad~r,itt~-d eq~ity anJ a~catter oi absoi~tr t~yht ro said MORTGAGEE, and without reference ro the
~:~aty or inadeq~ac/ of tFe valve of the property ~ro~tg;ged or tc thr sovr~cy or .i:;c:.~nty ol sa~d MORiGAGOR or the delcnJan~S, and thaf such
•s, profrts, income, iswes and rever.ues shail be app~~ed by such Recerver ac.cd:ng to the lirn or rquit~ of sa~d MORTGAGEE and the practice of such
Ca~rt.
8. To du'.y, promptly and fully pe.iorm,, d~scharge, execute, ef!ect, comp;ete, com~,iy w~th and a6ide by each and every the stipulations, agreemen!s,
~nditians and covenants m SnKI PlOT~SSO!y ~ote and th:i m:,rtg~ge srt forth.
9. Tha! in the event the ownership af the T.0f1~2C~C(I ~ffr+~6f•S, O~ an~~ part tnereof, becomes vested in a perwn other ihan the MORTGAGOR, the
';RTGAGEE, irs wccrssors ar,d ass;gns, may, w~+hout nctk~ to thv !,10RTGAJR, d~at w~:~+ such su.cessor or wccessor in interest w~th reference to this
~~gage and tne dect ke:rby secured m the same mar:ner as wrth Y..,rt~agor v.:~hout in any wey vi~,ating or d.sc~~arging the .'~artgagors' lia6~iity here-
_,r or upon ihc :iebt he:eb~ secu~~•d. No saie ofy~~~_ Fre~n~ses h,rrby me~rg~ged and no Sorbearance on ~he pan of the ?dORTGAGEE or its s~tcesiors
~ss•~~s and no ex•ers:on o+ ihe n~:e 4or rF;: payrre^r oi tF~e debi he•eby secutrd g~~e~ by the 11'•ORiGAGEE or its wccessors or ass~gns, a~~all operate
re re~ease, dncharge, mod~fy change or atiecr the or~y,nvS l:ao::ty, of tne MORiGAGOR here~n, e~~her 1n vvhole o~ in part.
10. It is sperficail? a9reed ~hat t~me es of the esse~~:e of tFas comract and that no waiver of any ob~~gat~on hereunder or of the obtigation se-
,~ed hereby s^aI~ at any time thcreaiter be hc:d tc ~ a vvai.er of thr terms hereof or of the instrument srcu~ed he~by.
11. In ,:_i;i.!.c~ to tne fe:ege ~~•o~:ri,l~ pay=*:,nis of ;.•~:c;•e1 and inTC-r_sT :eq~~red by the promsicry r.c'e secured her~•b/, mongj~or eovenants
i ag:et-s to ; oy ro ~~~G"f(3drjCf ~~~~b each r:~onrh'y _e~:r an add ~~onai w~n ~•st ~ ~~ed b7 mo~tyage~ to ~ equal to 1. 12 of the annvat cost of the foliow-
~
A-r'~~~ rEdl ~:10~3,_~r•./ r.Ta_5 If'~:t~-~ O~ dSS.'~•..~:i ~y~~•.5' tii: di~~vf Q_~S!:'4.~~ ~~_a~ estate.
E Fr,•~• , nz o~ f,re acd :~;~:ds~r~~~ ~r.5,r.~rce _ s i:_~c.n ~~•y..rtd to be ca-n. d o•~ tt;e :~nrroveme~ts s~t~ate on the above dascnL•ed premises.
C-Prrm~cmi en such mortg~ge gua+anty ~r.s~ra~ ce as mo•r~acee sha!: from :~r~e to t:rne deem fit to tarry on the Iean secured hereby.
~ M.ortgagee s'•, ~ E•om +~~ne to f:~re nca:i~ mc•t•;. ~n r.~:t~r3 of fhe amo:;•~r d.e and payable harz~ndar and s~ch s~•~~ sh;i;l therrupon be due and
! .,~>!e on !hn due ea'e of the ne.t mo~nn:y p~;~~•c~:t~a•~d each wccessive •no•rth !herrafr;r ucn: mertgagee sF.a!i r.o+~y mortgagor cf a change in such
~ ,~n!. Sucn s~^ s s' ~ i S~e ~Fi~ ~ ~Y ':~=rtga~ ae !o:.a•d t~,e parmen: of ~e.+~ p•cNrrty tax~~s, II15vfdnC2 p~crr.•ums, end martgage guaranty insurance
wms.
i 1. ~YI1N" ERcOF, the a~d RTGAGCR has hereunto ses his h~.,d and seal the day and year f~rs} atoresai
and d'vered th resence of: / ~ ~ ~/r~/_
# ~ ~~~ivli ~~'WV'~C~ (Seal)
s Wil ' J. lake ~~ai~
~ ~ ~ (Seaq
~ - - Pe ~ . Blake ~ cseai>
~
~ ' T: OF FLORIDA '
~ l ~i'~TY OF _ St . Lucie _ ;
~ .
~ William J. Blake a~d
~ Befcre me persanafly appeared -
~ _ PQ~ I.. BLd1CQ h~s wNe, ro me well known and kROwn to me to be
~ _ Ird~viduais descriced in and who executed the foregoing instrument, and a:knowiedged before me that they execu~ed the same for the purposes
~ . e~n expressed. And the sa~d ~ T Pe99Y L. Blake
~ r:, -
William J. Blake
~ of rhe sa~~ _ - upon a separete and private
~ .:~•n~naT~on by me take~ xpara~e end apart from her sa;d husband, acknoxiedged to and before me that she executed said insrrument freely and voluo-
~ ~ ar,d w!thout an com ulsion, cerectraint, a. rehe. ~fear of or from her said hysband. ,74
; y P,..~ FP March
~ WIiNESS my hand and.p(~icial,seal th~s_ day of__ - A. D. 19
~ ' , ~ -
~ Y , Notar~ Pub~~c in and for the te of Florida at large
• - , My Ccmm~ssion expires:
- • ~fetutA Yw~~ ~ ' - .
F~:st Fedetal .Seviiv~~~ loa~ ~(~sqo~iat~on Notery ~~66;, tto~~ of Ftoride wt brN
' ~f favt•V".~~c~• M Comrtisa~:n'x 'r
.~S - ~;s~ . Y p~ •s Oce. 30, 1976
f~.t. q_«~.: F~,:~~ -
- &.nd~~d by Ar..er:.cn F~re 3 Cosuclty Co,
. , ~ • '
'.••1` fIIEC _CDR~ED ~
This Instrumeiik-~repared By J. H. Roberts~ Jr. ST. W:~_ .,.~IhTY FLA. ~
a~ First Federal Savings 8~ Loan Association F~~~= ~~~AS
;r~s of Fort Pierce~ Florida Qc - j ~QJ~~_"\
Checked By~-
MIaR +I 4 i9 PH'1~
:=:3
y== 224 E~,,~E2299 z~ssz4
~y .
dZ
~ . N _ - _ _ ~~._i ~ y~,=
~ 'LL~a ~ ~ ~ ~ -~-~.w~
~ ~i~~
a n'y~. ~sY'~'a'"z"~~~'f'" . . r r~.,yy ~ ~
n
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.r r~n• r',;? _ ~ ~a~~,.,
. _ . . , . _ ~ . . , _