HomeMy WebLinkAbout1570 3. To place and coro~n~o~sl~ keep on the b•-~ .i:`~3s r.cx a he~ea~~~a s~.:ate on s. a~u+d +~d o^ e~ eq.+'F~'ent ard persona'!~ ce.e~ed by th~s mw~g•
age, with •11 premiums thercon po d m iu:i, t,re :rs.r~rce .n ~nr .;s.a: sri:ds-d pc" c~ Eorm. ~n a t.,m srpro+~ed bi the A1JR; "v%.vEf. a:,d w~nJatorm
~nsurance in ihe vsual srandard pot.cy fo~m. ~n + sum ~rp.o.ed bt ri+e !?1:~QTGAGfE, in such ca*'P~^Y o< «~*'Fames as the A'•ORT'vA.afE may
d~rec~; and all fire and w:ndi~orm ~ns~~a~+ce Fo:K.rs an any of sa~d b„~ d-~ga, a+Y in~sresf there~n w part the.eof, in the aggrega~e s~:n aloresa;d w
in eacess thereof. shall contain the ~svai sra~:dard ma+ga~e c-a~se a s..th erhe~ ca~se as tl+e Mor~g+qce +*~ey ~eQ~,rt. rr.~4~rty thz ~cs~ u~~Jr~ s.,:d poi~
ues, each and every, payab:e ro sa~d hlpRivAGfE +s ~+s :n+ctes~ ++++y +pPt~. +-^d tMh x~d e't'Y "xh s~'~ ~ ~fO'~'~t'y asa g~~rd a~~d de:~Yer~d to
any held by ss~d MORiGAGEE as f~r~he~ ~ecur++y ~o sa:d Rw+r9=~e dro+• a''d- ^a ~ss t~'^ d°~s °d.a'xe ot ihe eapvst.on of rach po'~cy, to ~e-
Irver to said MORTGAGEE a renewaf thereof, ~ogether w~+h a recrp~ fw ~he pen`•u~* of such rene+.a!; a-~d ~hr~e ah.+!~ be no f.re or w~~•osto~~n ~~surance
placed on a~y o1 said buildings, any inserest ~herr•~ or par~ ti,ereof, v~css ~n t:~e fo~m and w~th t~+e ~ass ~%aYab:e as afo~ese=d; and tFK r+en~ any sum
of money beco~us paYable unde~ wch policy o~ pol;c,es s+~d 1M02IG~Gff s~j,1 Mre rhe op!.a+ to rece~.e a:~d ay~:~ f?+a sa~:.e on a.co~ of ~he indcDtad
ness secured herrby or M pe~m~f sa~d MOR~GAG045 to rccowe and vse it a e:~ ~r~ ~br:ruf rcr o:e c.u; ~ees. :.:ic,_t ri+.•, ur ~3 pa~•.
~ng any equity. lien or nqfit u~r a by v~rivc of ih,a mcr.gagr: ~nd the evrr.t sa d~~..'`~iGAGORS sM+a:i .`or any rr~aw~ fai! to 4erP the sa~d prrm~sas so
insured, w fail fo del~ver om f! an of s~+d i.urs of u+wrsrxe ro sad lNOQ7t'aAGEE, or ea~: pror=p'~Y fo F+Y f~ ~Y +^Y Pre »~~~n therefur a n~ e*+y
P' P Y Y Po
respect fail to perform, d~u?~arg~, exewtt, effect, cm~p~ete, coT.p:y w+rh x+d ~b.de by ?h:s ceve+anr. w a~y p.+~~ hrreof, sa:d MORT;,AGEE may puce a~~o
pay fw such insurance w any pan ther~of w~~?+ou~ w~n•~+~g o~ afiec~ug aRy op~wn, t+en, equ~iy, or r.yht u~dr or b,~ v~~~ue ol ih:s Mwtgage, and the
t~ll amount oi each and e.ery s~,:h payrnrnt shail be ~+*.mrd~ately ~,e +~d Wr+b« ++,d s?+a'i be+` '^tHZS~ from +he dare ~hereof uniif pa~d at fhe ~~~e o1
nine per centum per annum and to3e~F.rr ,w~!h such ~n~r:rst si+a,: ~e srcurrd 'ny the ~~e~+ of th:s mwe9s9Z-
4. To permit, commit p suffer no waste, impaumx:u w dr~e+~u+r.on of sa+d ~wcpe~tp a uY Dd+t ihereof.
5. To pay all aod singulu the costs, charges u~~ espensts. ~nc~..o.=9 +~easo"ab!e atto~ney's fes ar.d ccsrs of abstrads of tii'e. incurred o~ pa~d a~
eny time by sa~d MORiGAGfE, becavse or in tr~e e~e-•t oi et+e fi:wrs .i~+ ~~+e oar* oE said MORTGAGOR ~a d.,:y, p~o~*~ptty a~d fu~ly FerForm, d~xna~ge.
>xecute. elfect, tomptete. cwnpty w~th and ab.dr by eac1+ u+d e~m~ rhe st~;.+:~ar:o.u. sgrcc.~+rnn, ca+d~t~on~. and ca~~e^an~s of sa~d pran~isory no*e end ih~?
.nortgage any w eirher, and sa:d costs, cha+ges ar,d esFerues, esch and every, ahall be ~+ed~a~cly dve and payab:e: wherher w no~ there be nonce da
mand, attempt fo ca~etl or wit pend~ng; and the fu!! amw~nt of each a:d e+~Ny sxh pa~~nen~ sha~~ be++ i~~erest from ~he date therzof ~~u~ Ps~d at ~he
r;te o; ~~~e per ccntum ptr an~w n; and aIi w.d tosts, cns:ges ars;S ea;;xrses ~~twred u~.a.d, ~ogelhn w.ih such ~ntetqt, sAaii be stcured by tne i~en o1 th~i
mortgage.
b. That (a) 1he event of any bstuh oF ih;s Matgage o~ de`au'•t e^ ~k P3'* °f the A'°~RICa~1GCR, or ;b) in the event any of sa d sums of money
herein referred to be not prwr~ptly a~d fu:ly Fa+d wnh;n tn.•t~ i3~` de~s ~+e~' ai*._r fhe sa^te xve~a:~y oeco~Tx dx and pa/able, vritFwut de~r.and o+ nof~ce.
or (c) in the evem each and every ~he st~~,,at~ons, agreemcnts, co~:d,'.a.s a~.d co+eaann ef fa ~ p~e-n~ssory note and ~h•s mortgagr any w e~rher are not
~uty. P~omptly ar+d i~~iy performed, d,xtw~g•=d, ecrc.:ted. eiir:tad. co~*.p;c:ad. ca-r.p..ed v~~rh and ac-ckd 5y. ~hen in e~thrr u any ~uch evem the sa:d ag
gregate wm mentioned in sa~d prwn:ssory nofe tF,en ~e~na~n:~+g ur.~a~d, «~i~ .r*e'e,t xu:.ed ard a.~ mc~rYS secured hereby, shat~ becuru due ar.3 per-
ao!e forthwith, or ~h~reafie~, a1 the op!:on of sa.d !V.Oit~GAGff, as fu.:~ ard co~.+p'esrty as if a:i of t1x sa:d s~:*~s of money were or~g~~a:ly st,pu:ated
ro be pa~d w+ such dsy, a~yth:ng in sa.d pro r,:sse+~r ncte or ~n +h+s 1?Soctg~r fo rFr_ cw++rary notir~thst~r.d: :g; and ~he+evpa+ o~ ~he~eaiter at the op?~on of
s~id MORiGAGEE, w~ihout nol~ce o~ dc~nand, su~t at iaw w in eGv~r~. Thc*eiore o! t~'e*ea~Ter bc-~un. rn+y ce prosecutrd as if a!1 moneys secured hereby
n.:d matured pnw to os ~rtst~r~t~oo.
7. That in the event that at th. beginn;ng of or at sny 1:+*+e pend=Ag any s+r.t ~Po^ °~'s ~°r~9age, d to foreclose it, or ~o reform it, o+ to enforce
payment of any daims ht~eu^o>r, said /dORIG:,GE~ sha:: rp;.~y tfl t++e ~a.:'t h~y~^9 ,u*•=d.ct.on eherecf for the appo~ntmeot of a Rece~Yer, such Court shall
Fc-thw~th appoint a recei~er ot sa~d mo:tgaged p~oprrt/ a'•'• a:+d s+ y.,'.a~• .rc'•~,d ^9 a'~ a~d s"'9~.°' tnr ir.co.ne, pf~f.ts, ~u.~es ar,d re~e~~es from whatever
scurce derived. each and every of wn,ch, n be.~g eapreis'y ..~de~s~c,cd. a re~eoy me•T~~td as ~f spec.~~ca[:y set fonh and deu~~bed in fhe 9rant~ng ar.d
h~i>endum clauses hereof, and svch Rece~vtr s~~~ ha~e a;~ ~~e b•cad a~d e*~tr•re (v~c: r,nsa++~ po,wers :n any,w~se enrrusred by a Co~~t to a Receiver, a~d
s.ch appointment shall be rr.adz by svch Ccu•t as an ad^~,~~~~d ee,~•ty and a?-ar-er of a~Rotore rbght to sa~d MORiGAGEE, a~+d w~ehcut reference to the
adequacy or inadequacy ot T~z va:ue of the p~oQtrty m~ngaged w ro :ne s:ve~xy a+ .nr,:.~ei of sa:d MORTGAGOR or the dete~dan:s, and ahat s~.ch
re~ts, profits, incane, ~ss~e: and re.er.uea sh~~~ be aF~•~ed e/ sxh Reca+~er ac:ord.=-y ~o ~hr t.en or equ~ty oi w~d MORSGAGEE a^d the p~achce of such
Court.
8. To d~ly, promp!ty and fui'y periotm, d~s_~t+gr, eatc~!e, e~'M. r~=tce, c~p~~ ~~~h and ab:de by tach and every the stipu:ations, agreernenls,
co~ditions and covenants ~n sa~d p~om~:ssosy ru.'e a~d th:s :~+::+ig~~r set ?xtR ~
9. That i~ the cve~t t!w ownersh:z of the rrar!gaqed prr*~=ses, or a~y Fart t~.creof, becomes vested in a person other than the MORTGAGOR, the
:'~RTGAGfE, i`s successors and aas:a~s, may, wSah~:t r,cuce io f^~e 1•'tO~~G~R, dea: +~:h s~~ch wccessor or succe~sa ~~terest w~~h referer~ce to th~s
•:;•tgage and the debt hereby secured in tne sam.e manr~ as ~w.~h fAcrryayw •w.t~ut any way yit.atirg or d~xharg~rg the 1Jkntgagors' Irabdity here
Lnoer or upon the deb~ hereny x.ur_d. ho sa'e of tr.e creT.us hr•eb~ T,c*sg3ge~dJ and na for6earance on ihe pan of rhe ~AORiGAGEE w its successors
or assigns and no exrenslo~ of ine t.r.a fo- :he paytnent oi rt~.e d-be h=•e~~ S2CNiN g3YM by the lMORTGAGEE or rts sc~ccessws w au~grts, ail operot~
to reiease, d~scharge, modify change or affect the c•~g.~! i~o~+.r~ of fhe IVGRiGAGOR here:+s, e~ther in whole w in pa~t.
10. It is spec~fically aq~eed rnat t~~re is of the esse*+cr af ti,s c~~rxct a~d that no wa:ver of any ot•.~gas:on hereunder w oi the ob+i9ation se-
c~,red hereby shal~ at any time :ikrea4ser be hc:d to be a wr~rer of t!x te:rro he*eof or of tfie ir~srru~r.eret secu~cd he~by.
11. In aod s:o~ to tt~e foregc Tc. s~.'r ;-a,T»*s ai Yr~--c ya' a-x3 s-,-e.es• re?_~red oy ihe prwr. ssery ^o~e secured he*eb~. ~nort~a~~r covenants
a~ d agrees fo pay ro f*c-tgag?e w::h za~h r;-~,~-ecr an aoa sS s.:~s es* -ared 'o~ mo.rgagee to be eq~a: to 1 12 of ~;K an~ua! cost of the foi{ow-
,~,g:
F Pe'•Y a~~:e desc• "r_=-! r=a~ es•ate-
A-Alf rea! ro ta~rs Sc,~e., o• ar=s~ea a,
i B-Fr~z.:u~rs on fire and wi-~+s~u~ n~rs:•t~ce ~s1~.e-~~:. c-~.:r~3 eo be ct•-:<j ~ zr.r ;.-oremz~ts s*vat> en th= above d-csr~Eed premises_
s C-Premku:r~s o~ such mo!tg~e g~a•_^,'y •r•_c,-a: _e as ~-~~~_r s}~:: i-.^e d-~~ f~t ro carry on ~he toan secured hereby.
` Mortgagee s~a ~`~em t~~ne to t•-r~r r.c~ ~rcri.~;gc~ .rt w-:+•^3 of t~. a-~_^! d.e ar.d payabte he~evndrr and s~ch surn shai: thereupon be dve and
~ ;~yable on ~Mt d~e oate oi ~he ne¦t r^o~t+..; p=l~"e~T ar+d a_c±+ s:,ccessire ~*or•h t~r:eaft ~ vr.r~: matgagee sha!t nor:fy mo~Tgagor of a change in such
i ,our.t. Such s~~s s~a:l be acF~~~~d ay rr.orga__e +~+.-'d the :~~^e'u of rza+ p•c~~ti taxes, insura.^ce prztr:.ums, E~d mortgage g~aranty ~nsurance
c ,remiums.
~ IN \'JtTiVESS 'NH=_RFO~, t?+e sa d lr0«?GC~ ;~R t;as F.~rr•-to se' h:s tia_~ ar.d srat rt+e da~ and year fint aforesaid ,
3 ) 'i
@ S~yned. Sea;ed a:~d de~~+ered in the presefce of:
~ s,G- al)
~ - ~ Pichard A. ~lani an' ~~nq
~ - ~ -c (SeaO
~ -~,:.i / C - Alice Flaniq tseai)
~ - " - "
~ SiATE OF FLORIDA / ~
SS.
~ COUNTY OF St . T.t1C 1 P ~
Before me personaity appeared pichazc~ Flaniaan a~d
~ Alice ~lani~an his w~`e, to me wrft known a*+d known to me to be
~
~ the individuais descr~tr_d in and who eaecuted fhe faegorr+g instrument, and ackrw+K-rdged beFere me that they eaecuted tfx sa:ne fw tFx purposes
~ AlicP .i . "lanigan
. rherein expressed. A~d the sa~
r.~~e of the said picha'(~ ~lanic~an upon a separate a~d p~ivate
~.am~nat~on by me taken separate and apari ira-~ her ya~d h~sband, aciu+ow.ed~~d fo and before rne tiwt she executed sa+d instr~ment freeiy and voiurt-
~ •
_ ra•,;y and w~thout any co~+ru!sion, constra~nt, ar~re on, or feu of or fr~m her sa:d Fwsbar.d_
- WITNESS my har~d and off:t+al seal thSL day of _ _ A rl l D. 19 74
~ ! C~C ,C, Lz
lvatary Pub,~c in z~d tor the Stat of F a at large
l41 Comm.ss:ot+ ea res: 7
Return To. Y p; -~1
Fitst Federal Savings b Loan Asso:iat.on ',E
O~ fG'T P E'~n ~ ~ . • 11 . : 'I!~
_ _ Fort P:r. ce, c o.:da f~p ~T (i~n
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This Instrument Prepared By ~ohn W. Collins ~~~+y-f~Rtf1E0 _ - ~ r ,
~ First Federal Savings 8 Loan Assoc+ation ~ ~L - ' ~ ~ `•,~v
~Y of Fort Pierce . ~'lorida - ' _ .
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Checked Byt~.~---- '
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~ooK22fi ?AcE15o9
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