HomeMy WebLinkAbout2502 3. To p~ace and comin~oi+si~ ?eep on tne bu~'J~nrys non or hrr~vfter s~tuate ~n sad la~xl and on ali eqo~p~~,rm dncl personaliy cO+e~ed by 1hiS mo~tg•
ac~e, w~th all p~ert~wmS ~hereon pa d~n f~il, 1~~e ~nsw~~~,e ~n ii~a ~s~~t ata~ai~-d po,~cy form, a wm a~ Hw.cd by tl~r MGk~:,:.Gif a~,d w~~~dato~m
;n~urance in tha us~al s~arJard pu1•ty Iu+~n, in a s~m a~.~~ro~rd Ly tha h1URiGAGEE, in such tomNe~~y or cc•npemes as the MO~1'vAGEE n~ay
d~rcc~; and atl tne and w~nd~w~m ~niu:ant~ po'~~c,rs on any ol sa~d Iwi~d~r~gs, any in~errst Ihr~c~n oi part Ihrrru+, in ?he agg~cgatr su~n aioresaid or
in ercrsi ~hereof, shail :ent~~n ihe usual sta~~d.+~d mor!y.,gre c~..use or ~u:h o~her do.,se ai the Mo~'yayae may ~eyu.ra ~~e4~~g u~r wss u»der s-+.J po~r
c~es, each and ovary, pa,.,b!r to sa~d .'L~JRIGAGtE as ~u uu~~~~~si ~nay appear, and each and every wch po:~cy sl~ait l~r pron:Nuy ass y~~cd .,~•d de:~.«•~d ~o
eny hetd by sa~d t„OR1GAGiE ae fv~~har aecurny to ea~d n:o~~9~~~• d•-ur, a~~d, nor lese than trn (IC) days in aJ.ar'~ce ot the expi~er~on of eacn pul,cy, to dr
I~ve~ to sa~d MORTG~GfE a re~~ewal d~ereof, logethe~ Mhh a recei~ 1 fo~ Ihe prtrnwm of wch ~enewai; and thrro sh~? br i~o i~~e or w~ndsto~m ~nsurance
placed on any of sa~d bu~!d~~~9s, any inte~esl Ihere~~ o~ pa~t therroF, u~less in the ~orm and wirh the toss payatle as aforesaid; ard in the e+eN an~ly s~m
ot money bccanea payable undrr wch pot~cy or pol~c~ea sa~d )tJkiGAGEE ~h;ll have ~he op~~o~ to rrce+ve a~+d apply ~he sa~~~e on ec_ount oi tl~e 1~1YCU~Vd'
ne31 1tCUred hc+reby O/ fo p?~!nii sa~d ~AORTGAGORS t0 ?¢C~ive• dnc~ ut! it W eny ~i.+~t ~I~c:cOf lor Otm. ~{.ur~. oiri, r.~~~~v.:f 1h"~ ~i ~-v..'•") ~"'i~°"'
1ng any eq~Ity, Aen or rign~ under or by virt~e of th~s mor~yagr; a~d in the even~ sa;d MORiGAGORS shal! ;or any re~son iail ro keep the sa~d prenus_•s so
insured, or fail to d,°~iver pranptly any of said pol~cits of inwrance lo sa~d MORIGAGEE, or fa~: p:omptly ?o pay fu~ly any pre~nw~n tFu:r~fo~ or ~n a~,y
rrspec? fai~ to perform, d~scharge, e~ecute, effeu, co~nplete, co:»ply with and ab~de by th~s cove~ant, or any pait hr~eof, said MCrRIGAGEE may p~ace a~o
pey for such insurnn« o~ any pert thereoF w~~hout waiv~ng or afle<ting any op~ion, lien, eqwty, or n~ht under or by virr~e of thts hlortg~ge, and the
+„H amoum o( each and e.e~y wch paymrnt shall ~e ~m~ned~atety due an~ payable and shall bea~ iroeresf from the dote thercoi unul po~d at ~he roee ol
~~~ne pCr tentum per anr~~m a~~d tc~uthr~ N'i'h suth int~••cs! sh~ii 'u? st.urc~d hy Ih@ lien of Ihit mOrtgegL.
4. To permit, tommit or sufier no waste, impairn~rN or detrriorat~on of sa~d yroperty or any part thereof.
5. To pay all and s;~gular the coits, charges and eiNenses, incivd~zy a ~easo~able atrorney's iee and costs of abstracts of title, incurred or pa~d at
a~~y ti~r~e by said MORiGAG:E, beceuse or in ~he event oF the l.~~turc on me parl of ~he sald MORTGAGOR to duly, promNtly and fu'~ty peiform, d~uharqe.
.ccurr, effeU. co~:.p~efe, comply wah and a6.de by ea~h and every fhe stip~laf~ons, agrr~•~nents, cond~t~ons, and covenanrs oi seid pro~n~isory note ar.d tFis
i,orrgage any or riihcr, and sa•d costs, chargfs aed expenses, each and every, shall be immed~ately d:re and payab!e; whether or not ehe~e be oonce da
n,and, attempt to coliec~ or suit pend~ny; and ~he iufl a~nouN of each and e~ery svch payment shall bea. interes~ from the date thereof until pa~d at the
r.,~e o~ t~ine per ccntum F,er annu-n; and aIl seiJ wsss, d:a~yrs and ..•x;xnscs ~r~curred o+ paid, tog~ther wdh such imerest, s~all be secured by the I~en of tha
mortgage.
6. That (a) in the event of any breach of ~h~s Mortgage or deFau't o~ tM part of thr MORiGAGOR, or (b) in the event any of aa'd sums of money
here~n refened to be not prumptly and fully pa~d . ~ th,•ty t30) d.:ys nea~ air..r :he sa~.~e seve.a!1y bec.r~~e due and payable, wifhout demand or nonce.
er (c) in the event each and every ~he stipuiat~ons, ~ii-~in~u1S, Cond,r~ons and covenanrs ot so.d prom~sscry no~e and th~a mongage any or e~ther are not
~u'y, promptly and iutty perfonned, d,scharged, exewt~d, eifec~ed, completed, com~,l~ed wiih and a6~d~~d 5y, then in e:ther or arv~ such event the sa:d ag
~regate sum menuoned in said promissory noee fhen re~naining ~npa~d, wnh irorre;t accwed, and ad moneys secured herety, shall tx:come due and pay-
ab'e fo~thwith, or therea{ter, at the opnon of sa~d MOR1GaGEf, as tuily and completely as ii al! of thr sa~d wms oF money were or~ginaily s~~puiated
ro be pa:d on such day, anything in sa.d prom~ssory note or in ~t~+s Morrgage to the co~!rary notw~thstanding; and thereupon w thereafter at the opt~on ot
s.~.d MORTGAGEE, without notice o~ dernand, suit at 1aw or in equ~ty, therefore or thereafter begun, may be prosecuted aa if all moneys secured hereby
n;d matured pnw to ds institut~o~.
7. That in the event that at the begirtn~ng of or at any tlme pend~ng any sv~t upon this Mortgage, or to foreclose it, or to reform it, or !o enforce ~
~~ymeM af any c!aims hereunder, said I.~ORT~A ;EE shall appiy to the Couri havu:g furisd~cho~ ~hereof for the appo~ntmem of e Recerver, s~ch Cuurt shall
ic:thwith appoint a receiver of said morrgagrd prope.t~ ail and singu~ar, inct~dng ai~ and si~yvfar the incoroe, profits, issves and reven~es (rom whate~er
se uce derived, eath and every of wh:ch, it be~ng e~;;ress~y undersrood, ~s F.ercoy mo~tgaged as if spec:ficalty set fonh and destribed in Ihe g~ammg and
~ibendum ctauses hereof, and s~ch Rece~ver shall have alt the broad and effecr~~e fur.ct!ons and powers in anyw~se entrusted by a Court ro a Recelver, and
s. ;h dppointm~~nl Shall be mada oy svch Cou~t as an ad~~~~trrd equ~r~ and a n~aiter oi absc,ote ngM to sa~d A50RiGAGEE, and without reference ~o the
•~?•.aoaty or inadequacy of the va'.ue oi the prope~ty mo:tgaged o~ to the so.vrncy or ~nso:vrncy of sa~d MORiGAGOR or the defendants, and that such
~,^.+s. profus, income, iss~es and ~evenues sh3ii be appued by such Rece~ver at,ord,~.g to the tien ar equiry o1 said MORTGAGEE and the prachte of such
Court.
9. To du1y, p~ompt:y and fully pe+form, d~scha.ge, eaec~re, effect, comp~ete, comply w~th end abide by each and e~ery the stiputations, agreemeNS,
,.,nd~t~or.s and covenanrs :n sa~d prornissa y no~e and ih~s mo~tgage sri forth.
9. That in the ev~nt the owr.ership of the rr.or:g-+y~d ~:re~.:+ses, er any part ~nereof, becomes vested in a person other than the ti10RTGAGOR, the
: ~ RTGAGEE, ~rs wcceasors and assigns, may, w~rhout not~ce to ihe 3tORTGAOR, deal w~th such successa or successw i~ i~terest with reterence to th~a
^•rgage ar,d the d_ut hereby s_cured in the same ma^r.~r as wrh Morrgagor wnhout in any way vit~ating or d~scharging Ihe l.brfgagori fisbility her~
de~ or upon ths drbt he~eby sewred. No saie of the }ren~~ses h:reby mort~aged and no forbea~ante on the part of the 1AORIGAGEE or its successor=
ass~~ns a~d no extens~on of the hme for the paymer.i of the debt hereby setured given by the IVtORTGAGEE o~ its successors or ass:gns, a~~all operate
ro relcase, d~scfia:ge, modi4y change or atiect ~he or~g,~at !iaa~idy of the MORTGAGOR herein, either in whole Ar in part.
10. It is spec~fically agreed that tin~e is of the essence of th~s contracr and that no waiver of eny obliga~ion hereunder or of the obligation se-
o~red hereby shaii at any time thereafter be he~d to be a v:aver of the terms hereof o~ of the instr~mert secured herby.
1!. In rcid,no~~ to tne forege+~g r.~octh'y pay•r.crvs of ;:ri~cpal and inte•est requned by the prom:sscry ~o!e secured hereb~, mortgagar covenantz
ef .~g~ees ~o pa~ tu mo-tgagee ndh each mon+h'y ;a~•nent an add~rtonal su~n rs` r,ated by mortgagee to be equa~ to 1; 12 of tFe annuat tost of the foilow-
A--Al; rea! ;,ro~~:rrr t~x;~ I~.v~ad er aszes°,,:i :;g zt ti~c , i~~ve ciescri~: d reat estate.
B P._ ,.•u•,.> on f~re and w,ndstorm insuia~ ce as :~e~c:n r.q~.red to br carr~ed cn the ~mproveme~ts sitvate on the abo~e d=scribed premises.
C-Prc•r~~~•~ns on such n:o:tg-Qe g~ara~:ty ineura: ce es ~no~tg.~~ee sha~l frc r. t~r.e ro time deem fit to carry on the loan sewred hereby_
h!ortga~ee s~~j:l jrom hr.~e ro t~:;,e nc~~r; mc~~.__~g_r :n r.r:T:~}g of the a:.c~~t d~e and payahle hereurtdrr a~d svch surn shall thereupon be due and
j .,ble on the d~e dste oi ~he nexr rno~aF: y pay~rc-~t ard e..:h ;uccess~ve ~~:octh t'r~zreaft:r ur.tii mcrtgagee shati nonfy mortgagor of a change in such
~::~nt. $~ch soms s~ a-•+ i>e a~~{%~ird oy ~no•tg.,g•_e tu~-~•a'd 'he pai'~:ert of rr:~l property taxeS, insota~ce prem:~:ns, nvd mortyage gua~anty insurance
~ . e~r,wms. -
i Iti \'~ITNE~S :':H:RCOF, rhe za~d h50RiGAGCR has hereu•ito set his hand and scal the day a year (irst afore aid,
~
't, $igned, Sealed and da!ivered in the presence of:
~ / Sesl)
~ _ _ ~ --r-~CCi,'L/~ 1 eman _m ~~,r~seap
~ - - - ~2' - (Seaq
~ , CharlOtte V. White~an ~~ai~
a
~ ~'.~iE OF FLORlOA ~
~ ~ ~uyrr oF _ St . Lucie , ~
~ E. f .Whitecaan
Before me persor.ally appeared and
~ _ CtlB ZlOtte V. Whiteman h;, W;~e, to me well known and known to me to be
~ ind;v~dua!s descr~bed in and wno ezecuted the foregoing instrument, and acknow:edged before me that they exec~ted the same for the purposes
~r Whi t e~nan
~ Charlotte V.
~ :h_-ein expressed. And the said__--
~,~~e of the said E• Whiteman , upon a separate aod private
~ e..~minat:on by me taken separate and apar~ from her sa:d husband, atknowiedged to and before me that she e:ecvted said instrument freeiy and volun-
~7 :ry ard wnhou~ any compu~sion, constra~ro, app~~ehe~s.on, or fear of or from her said husband.
~ WITNESS my hand and official seal this_ _'~i~k day WaI h A. D. 19 74
C,- ~j ~i~~~..~- • ,x- '
;
Notery Publ~c in and for the te of F ida at Large
~ My Comm~ssion expires: ~ ~ ~ = y_
Return To: '
; Fint Federal Savings S loan Asscciat~on t • ' _
Oi iorr P a•ce. . . ,
= Fo,t P~_~ce. Fior;d~ fllf~ ~ '~~~dOfD •
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" This Instrument Prepared By Joht~ W. Collins ' - r'~:
First Federal Savings & Loan Association I ~ ~ ~ 1l~ ~ :
'y-~' of Fort Pierce , Florida - . • _ ~ _
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