HomeMy WebLinkAbout2506 3. To piacr a~~d continvo..ily I,~ep o~ ~}~e bu~ J~i.qs ~+~~x or I~cre~itrr s~tvate on so~d ~end and on aL' cqu~N~nrnt and penonalty co~e~rd by thif rr.orrg~
e90. W;1~1 p!@n~~vm: 1fiErCOf1 E:d:C~ in ~uli, ~Vl ~~:Su~a ~n Ihd ~.lc.f{ Std~K~a~C~ NO ~Cy ~Olm. In d Su~T d~,Ni~:rc(~ E1y I~~@ I~ti~1Qiv:~lrCE. ei:c~ W~nt~SiOnll
~nsurance in tF~e us~al ste:~derd p~~•cy tur~n, in a sum dj.FtlUVdd i,y ~hr MORTGAGfE, in such company or co~~:Nan.es as the MORiGAGEE may
duect; and all I~re a~.d w,nJswrm ~nwrancr µo.~c~as on any ot as~d tx,~~d.ngs. any i~uerea~ Ihciain ot pa~t th~•reof. in the aggr~ge~e suni aioresaid or
in excess ~hereoi, shall ;onr,in ~he us~~a~ s~a~ da~d ~no~~~~yne ua~se or such o~her ci,,~se as thr Mo~iyayra may rrq~•re, making ~he iess ~~~de~ sa~J poli-
c~es, each and e~rry, pay.~b:e to a~~d ~WRIGAGtE as ,~s ~n~crest n~ay ay,y.:or, a~~d rach and e~e~y wch pu,~c~ sF~ail be p~un~ptty aisy~~rd a::d da~~v~r~~d ~o
any held by sa~d /~AORIGAGEE as (uriher srcu~ity ro sa~J n.o:tJaye dcur, a~~d, not last Itwn trn ~10) deys in adIJi1CC of th~ eayua~~on of ~ach po!~t7, lo da-
I~~er ro aa~d MORTGAGEE a re~~c~al tl~~•reef, toye~her w~rh a r~ce~pt fo~ the pre~~uvm of svcA renewai; and ~hrre siwll be ~so I~re a~ w~~~cisic~~n lnsurance
plecrd on any of sa~d b~~!d~~~gs. any intcrest th.:re~n o~ pa~t thereu(, ~n:eas m the (orm and w~th the lons payable as aforeisid; and in the event any sum
o~ money becomes pa/eble under wth po:ity w W~.cie+ sa~J M.URTGAGtE sh~ll have thr opt~on to ~rcrlve :,nd apNly the ~a~ne on account oi Ihe indci,trd-
ness sewied hc~eoy oi ro pe~m~~ sa~d MURTGAGORS ro recriva and use it w any pa~t the:aof for osi,:•r Nury osrs, ~.~ii~o::t th'~t u1 v.-~~~ ~~~'Y`~~~~
~ng any eqv~ty, I~en or riyht undar or by virtue of th~a m~cryage; and in ~he event sa.d MORT(;AGOR$ sha11 for any reason lail ~o keep the sa~d prem~s_s so
~nsu.ad, or hil to deliver pranptly any of sa~d poLc~es of insurance to sa~d MORTGAGEE, or fail promptty to pay f~lly a~y p~e~~~~um fherefor or i~ a~~y
respect iail to perform, d~sth.+rge, exacWe, e~tect, co~~plc~a. con~ply with ai~d abide by this tovenanl, or a~y part htreo~, se~d MGRTGAGEE may piace a~~o
~~y for such inwrnnce or any pa~~ thrreof wahout waiving or alfecting any opt~on, Gen, eq~~ty, or r~gM unde~ or by virfue of thie Mo.tgege, and the
t;:!i amovnt of each and e.ery such payrnero shall be ~~~mediatoly due and payable ard shall baar interes~ from the date thereof until pa~d at the r~~e o1
~~~~e per cenrum per annu~~~ ond to~:tncr wr.h wth ~ntr+c~t shail be s:~currd by the lien of this mw.tgage.
To pe~mit, commit or sufler no waate, impairmem or dct~r~orat~o~ of sa~d prope~ty w any part therrof.
5. To pay alt and singu~ar the coats, charges and expenses. ~n~lud~~,g a rzaso~able at~orney's fee and costs of abstracrs of titlr, incuned or pa~d st
jny Iime by sa~d MORiGAG`_E, because or ~n the evenf of the fa:iure un ~he pan of tF~e said MORiGAGOR to duty, promptly and fu11y perform, d~scharge.
e=ecute, efFect, comp:ete, co~nply wnh and ab•dr by each and eve~y the stip.,:a~~ons, agrer~nents, cond~~io~s, and covenants of sa~d promissory note and ~h~~
~:or~gage any or e+~her, a~~d s~ d cosrs, charges and expensrs. each and every, shall be immed~ately due and payable; whrther or not there be nor~ce dr
n~~nd, attempt Io collect or su;t pend.ng; and the full a~noum of each and e~ery svch paymen~ shall bea~ m~erest from ~he date thereof until paid at ~he
rr o~ nine per ccnwm Nrr an~w.n; an~ ail said cos~>, charqes end .:,~,r~~srs ~ncurred w paid, tag~ther w~th such imerest, shall be secured by the I~en ol thi~
mor tgage.
b. Tha~ (a) i~ the event of any breath of Ihis JLtiortyage or deFau~t on tF,e part of ihe A10RTGAGOR, or (b) in the event any of sa:d sums of money
herein referred ~o be not p~anpily and fully ~a~d within th~rty (301 deys ner.t af~e~ Ihe same severally become due and pa~rable, wi~hoot demand or not~ce,
or (c) in thr event eech and every ~he atiputations, agr2Cmeuti, Cor.drt~ans and covenants of sa.d promissory note and tha mortgage any or either are not
~viy, promptiy and (ully periorn~rd, d xharg_d, eaetuted, eliectrJ, canptered, comp;~ed with and ab~ded 5y, then in e~~her w any such evero ~he sa~d ag-
3~egate sum mentroned in sa~d pro~ussory ncte th~n rema~n~ny ~„pa~d, w~rh intere~~ accrued, and all moneys secured hereby, shall become due and pay
a~.e for~hwith, or fhPreafter, at ihe opr~on of seld MORiGAGEE, as fuily a~xl completely as if aIl of the said sums of money were or~g~nally snpu;afed
to be oa:d o~ wch day, anyth~ng in sa.d pro+r,~ssory nore or ~n ~his Alortgage to ihe conirary notivithitanduig; and thereupon or thereafter at the opnon of
s+.d h10RIGAGEE, w~thout not~cz or demand, suit at Iaw or in ey~uy, the~efore or thersafier begun, may be prosec~ted as if all moneys secured hereby
r~,d matured pr~or to ~ts institut~on.
7. That in the eyent that at the beginn~ng o! o~ at any time pend~ng any su~t upon this Mo{tgage, or to foreclose it, or to reform it, or to enforce
;~y.^:ene of any ciai~ns here~nder, sa~d MORTGAG:E s~a'; epp'y to thr Co~~t having ~u~nd;ction thcreof for ~he appaintmeN of a Receiver, suth Court shall
r,, ~hwi+h appoint a receiver of said mcrtgrg•=d prop<r!y ail and sing~:er, inctud ng ~U and su:gular the intome, profus, issues and revenues from whatever
s_ .~•ce dc~~ved, eacn and every of wh:ch, ii x~ng exp:rss'y ~nde~s~ood, is F:errby mortyaged as it spec~l~caily set iorth and deurib~d in the graroing and
h.~'cendum c!auses hereof, and such Receiver shaii ha~e ait the braad and effect:ve fvnc:.ons and powers in anyw~se entr~sted by a Court to a Recei~er, and
s._~. aFpointme~N shafi be mzde by such Ceurt as an a~~nin~d rq~~fy and a matte~ of abso~u~e right to sa~d MORTGAGEE, and without reference ro the
•'~quaty or inadrqvaty of the va~~e of the property mongaged or to !he se:ve~cy or insut~e~cy of sa~d 1dORiGAGOR or the defendams, and thaf svch
~~~rs, prohts, incom.e, issues and reven~es shill be appt~ed by wch Rece~ver ac:ord:r.g to ~he lien or equity of said MORTGAGEE and the prachce of such
Court.
8. To duty, prompt!y and fully perform, d~scharge, execute, efiect, comp!ete, comply w~th and abide by each and every the stipulations, agreementa,
:~nd~~~ons and co+enams ~n sa:d promissory nore and th~s mcrtgage set forrh.
9. Thar in the event the ownership of the mortgag~d pren,~ses, or any part thcrecf, becomes vested in a person other than the MORTGAGOR, the
:_~R?GAGE[, its wccesso~s ar.d ass~gns, may, wi~hout r.c~;ce to the :'~ORTGAOR, deal w;th such successor or s~cceswr in ~merest w~th reference to this
~;-tgagc and the debt hereby sewred in the same manne~ as wrth htc,rtyago+ w:th~vt in any way vitiating or d~stharging the Mortgagors' liabifity here-
der or upon rhe debt hereby se:~~ed. No sale of the ~ re•:+~z~•s hcrrby mortgaged and no forbearan~e on the part oi the IJIORiGAGEE or its successors
esiians and no earens~on o! she nme for tha payn,e~f uf th~ debt herehy sec~red given by the fdORTGAGEE or i~s successws o~ assgns, a:~all operate
re re~ease, d~scharge, mod~fy change or atfect the crfg~nal I;a~:i~ry of the MORTGAGOR herein, either in whole or in part.
10. It is spec~~~calty agreed that time ~s of the esse~xe uf this contract and that no waiver of any ob~~gation hereunder or of the obligation se-
c:~ed hereby shall at any t~r.~e rherea4ier be he'd to be a wa~wer of the terms hereof o~ of the instrumeM secureti herby.
I1 In aciJ t.o~ to th~ foregc ~+9 •r'on!h`y pa!r*`_nrs of p-"u:c ~a: and i~ie~•rrst req~~red by the prom'sscry ne~e sr~~rzd her_b~, morfgagor covenants
d a~r_es to r.~y to n:o•tgagee x~th eacF ~r;,~~+h'y . e~~+ en a:j:i :,anai sum rse~ ~•a~ed b/ matgagee to be ey~ai to 1 12 of the annual cost o£ the foliow-
, A-AC rea: property taxes lev~~c'. or ass•-ss~,d vea~ st the abo~e drsc.iP,~d r,al estate_
8 Fr: ~,:-~s o~ i~re and .•.~r:dstor~n ~n;ur~: tr as i~.cr~•~~t ~~a~.~ed to tr: ca:ri•.d on the :m;~roveme~ts s~tuate on thY above d=scr~bed premises.
C-Prem~u~•~s un s~ch mortg:;ge gua~anty ir.s::ra~.ce as ~no•'gayee sha:! fro:n ~ me to time deem fit to carry on the loart secured hereb/.
!1lurtqagee shs•I fro~n hme ~o t:•~:e ncr+fy mortyagcr ,n v.r:t.r~g of the ar,•.o:~t due and payable he~eunder and wch su~~ sha!! the~eupon be due and
~ ..,abie on the d~e da~c oi the ne.t mcr:th:~ oa~~.ent and e:.h successive ~r.onfh thereafter unrii mcrtgagee shall nohfy mortgagor of a ehange in such
~.~nt. Such s~:ns sF~:i F;e app5~d i~y mort3a~•re tor.ard tt;: ~:ayrnent of ~eat property ta:es, insuranct prem.ums, and ~mortgage guaromy imurante
~ :.-e•niums.
; IN ~.ITNE55 ":HER~OF, tt~e sa~d ~~ORTGt,GOR t:as tere~~~~o set h~s h~~.d and seal the day and y r first aforesaid. ~
! >
: Signed, Sea!ed and del~ red in Ihe presence of: !
3 7 - ~ ~ " ~C ~ ~ ~ l Seaq
~ / cn~" Seal)
~ ~ (Seap
~ - ~ 7
: Seap
~
~ ~ S~:,TE dF FIORIDA )
~ St. Lucie } u~
C7UNTY OF ~
~ Before me ~.so~ds~„ appeared Jay A. Sanple and Stephen C. Sample and their wives resnective,
~ rrancis R. 58IIp1eL ~1i3 Alfe and Trula M. $~lOpl@~ his w~1e, to me well known and known to me to be
~ indiv~dua'.s described in and who executed the forego~ng instrument, and acknowledged before me that they exetuted the same for the purposes
~ ~ti_~e~~ expressed. And the seid_ FranC15 R. Sample, wife of the said Jay A. Samele and Trul,~ M.Sa»,ple
'-.,~k r,;(e of the sa~d St~ph~ C• ~~le ~ upon a sepa~ate and privMa
e• am~nat~on by me taken separate and apart from her sa~d husband, acknowiedged to and before me that she executed said instrument free{y and volun= ~
F~ .-~:y and w:thout any compulsion, conssra~~t, apprehens.a~, or fear of or from her said husband. .
Y~ITNESS my hand and offiual seal this_ ~~1_- day o Narch " `~~~.y;! bryq~ ~4 '
f ~ ~ `
_ ~ Notary Public in and for State =F1QIidD at, bt~e ~
~ ~ C My Commission expir . _ ,~~rr~`, _ -
~
' Return i o: ~ . _ U i J ' ~ "
First Federal Sa~ings 3 loan Associat~on ~ ~
Of Fvrf P ~ :e. _ • ~i OJ ' ~ =
f~ For: Pie~cc. Ficr~da , ~ , • - - ' ~ r..
~ , ~ z~: ~~C~~ROEO ` .
I_E: `
ST. WGt~ L:OL'MT1! FIA. C
~ P0 •t ri~iRA$
This Instrument Prepared By John W. Collins C E`5 ~ ~ C~URT
= First Federal Savings 8 Loan Association p fr^.. . c- _
' of Fort Pierce~ Florida
M~t {3 8 4o aK'?~
Checked By
z~6ss~
~
~ f :r ~ 224 f~,,~E 25t~5 ~
~ ~
~«a
~ '~~~~t~%~->,i"r . - - - f ~ "~_i~
r~~. ,~2~'~.~ r*~~ "~J . .s ~~~4~'~' .~s~
~`~^.,e _:~_~~~`_4__ 7>,~: _ ~ .F ~