HomeMy WebLinkAbout0033 3. To place and conunuously kerp ~n the build~„gs ~:oN or hrreafeer ~+tuate on s~;d ~~nd and on al~ equlp.nent and pe~sonally covere~! by ih~s matg-
age, wAh ~II premi~mi thcreon pa~d in f~ll, iue ins..ra~.ce ~n ~4~e ~sual sTandorJ po';cy fonn, i~ a sum a~:prcved by the MORiv:+GEE, a~d wmdstorm
~nsurance in the usuat arandard po..cy foim, ~n; a aum appro~ed by ihe h10RiG.'1GEE, in such tompany or compan~es as the MORiGAGfE may
d~iect; and all (ire and w~ndstorm inwran~e po!~civs on any, of s.,id tw~~d~r,ys, any intert:~ thercin or pa~1 thareof, in the agyrrgate s~m aforesaid o~
in extess thereo~, shall :onlain Ihe usw~ s!andard n~ortyagee cia~ae or wch ofhar c'euse as Ihe Mo~lgagea may reqwro, making thr bss under sa~d po~i- .
c~es, each and every, payab!e ro sa~d NORTGAGEE as as in~~~_sf may ap~ar, and rach et,d every such ~~:cy shal~ be promptiy assgned a~d deGve~ed to ~
any held by said h10RfGAGEE as funher security to said niortg~ge d'cbt, a~:d, oot less tha~ ten (IOi days in advance of the expirat~on ot eath policy, to de-
I~~er to said MORIGAG;E a renewal thrreof; together ~nh a retr+pt For the prc•nium uf such rene+~al; ar.d thrre shall be no fire of w~nds~am insuronce
pteced on any of said bui'diiu~s, any in:eresf Iherein or part thereot, un!ess in :he 1o~r.~ and w~~h ~he Icss payabte as aforesaid; and in the evem any sum ~
ot money becomes payabte vt~drr such pollcy o~ pu~~-~._s said h10RIGAGEE shill have ~he op'~on lo rece~ve and apply ttie same on acco~nl of ihe indebted-
ness secured heraby or to pe~mit ~a~d A10RT:aAGORS to reccive and use it d any ~~u:t th•_:rof tur c:nei pw~ GSES. W~1Flo~t !h:..n. v:~r.~.~3 or ~~npau- ~
a
~n~ any eq~ity, lien or ng}~t under w by virtue of ~h~s mc:'yage; ard in ~he event u:d PAORIGAGORS sF.all for any reason fail ro kecp the sa~d premisrs so
~:~s:,red, o~ feil to drGvcr pranptty any of said poi:i~es of inwrance to aa~d A50R1GAl,EE, or f~ii p:omptly to pay fu~ly any pre~nwin thcr~fw or in a~y +
~rs; rct faii to perf~rm, d~scha~ye, ex.wfe, elfeu, co:,~p:e!r, w~nply vv~ih a~d ab~de by this covenant, or ariy pa~t hrreof, said MGRTGAGEE may place and ~
pa, For s~th ins~rance or any part th~rcof w~thout w.~iving ur aEfe~~~ng any opt.on, iien, eq~~ty, or rigl~t v:+Jer p by virtue of this Mor~gage, and tht
a=nount o( each a:xl e~efy s~ch payment :hall be irr.n,ediately doe and payable and shail b~ar Interrst lrom tha date thereof u+~til pa:d at the rate ot _
_ pe~ cant~n; Fer ~r.~.,.n and to~:~:~.~r .v~iF, t_ch u~!erest sh.~i; 5~•:..rt•J 6y Ihe l~en o( th~s mortgrgr. 3
4. To permir, Commit o~ sufier ro wastr, ~'npJirment Or de~ar~ora'~on of said property or any part thereof.
S. To pay all and s~~~gular the costs, char9es an~ expensrs, includ~ng a reaso~ab!e attorney's 1ee and cosrs of abstracts of titte, incur.ed or paid at
~n; fi~~,e by said MGRIGAGEE, because o~ ~n the evrnt oi ~h_ fo~i4re on ihe par? of ihe se~d MJRTGAGUR to duly, prompdy and fuily perform, d~scharge.
..c~te, effect, tomplete, co:nply w~th and ab:de by ea;h and every Ihe atip~lat~cns, agree~nents, condiuons, and covenants o( said pra.nissory note and thi~
~ orrgage any or e~~he~, and sa:d costs, charges and eapemes, each and every, shall be imnud~aiely d~e and payable; whether w not the:e 6- notice de
attenipt to tol:ett o~ suit pe~d~ng; and. the full amounf of each and tvery s:~h p.~ymeM shal~ bea~ interea~ from the date tl~ereof until paid at th! s
• n~nr Ne~ ~entum µr an:war and .ul sa~u :c~rs, ~t~s:9rs and cxp~~nses 6rx~rred cr pa+d, tog~ther w~th wch interest, shall be secured by the lien of thi~ ~
~n~rtgege.
b. That (a) in the even~ of any b:each ot th~s AAortgage or defa~lt on tt~e pa.t of fhr 610RTGAGOR, or ~b) in the eveN any of said sums of money
re~n reierr~d io b•_ r,ot prc r~~:tly and tut~y ~>a~d .•::^un ~t~.rty t3J) days nexf a~t~r the saa~z severa;ly beco+ne dve and payable, withouf demand or notice,
_ in rhr event cach and rvery ~he stipu:oi~ons, ayree~nen!S, cond~t~or•s anri cocen=~~ts of sa d promisswy notr and th~s me:tgage any a e~~her are nof
~:rornp~ly and iu~:y perfwmad, d xhary- d, e.c:~r._d. ~'frtted, Gom~-.;eted to:n}:;.ed v~~th ond ab~drd 5y, then in e~thcr w any such event the ea~d ag-
sum mcntlon~d +n sa~d pro:nissor~ r.ore then rr•.a~n~r.g ~nra:d, w~th intere;t acu~ed, and a~l maneys secured hereby, shal! betome due and pay
; fo~thwith, or thereo'ter, af the oprlc~ cF 5,;~ R1p~TGaG~E, as i~i!y ar,d comp'etely as il all of ~he said sums of mo~ey were onginafly stlpuiated !
~ ~ pa:d en wch d:i, en,~l,~na in sa.v F:ro ~~~ssory t~ote er irz th~s A~:ortgage to tf+.~ cw~+:ary no+,v~thstand~ng; and thereupon or thereafter at the option of ;
:".OR'G~=GE:, w~!hcut not~ce o• dc~n~a~z.l, s~rt a~ Ia•n• or ~n equit~, There`.ore o: ~nereaher beg~n, may be prosetu~ed as if all moneys setured hereby
: ~~eatured prior to ~13 inst~!~+:on. '
7. 7hat in e~+cr•r rhat af ihe bey[nn;~,g ~,f or at a~~y tune Ftnd~~~g any w't u.o~~ rh~s llortgage, or to foreclose it, or to reform it, or to enforce
ent of anv c,,:~r:s hereu~~d~.r. s_~d :`.vRTGi+i: _f sk~a':i ~Fp'~ lo thc Co~rt ha.~:.g ;~r~,d c~~oo theaoof for the appointment of a Reteiver, suth Cour1 shail
':,~vi~ a~Fc•!nt a r~,:e,:~•r ot s~.d ~~~o su~3_:! ~:rc;.•_ tr aii a~d s:~~yvlar, i~c:~~J~~g ~:~a s.~~u'ar t}~e ir.come, profits, issues and revenues from whafever
, .,:an.ed. eccn a~,.d •.rry o' ~Vi+.cr~, r b~[ny ...y,r~~ssy ~r.d~~:sr~oci, is h.c•~eiy ~~,::rri„3~•d as if spec~fica{ly set fo~th and described in the gran~ing and •
-~,du:r. c:a~ses her<-of, ;,n;! svch ReteiY_~c sh-,1 h_.re al~ thr br;,ad ar~d efieu~ve te~ce c•n and pov.ers in anywise entrwted by a Co~rt to a Receiver, a~d
s.~~ appoin!mertl sha;~ be mide by wch Cou~! as ar, dd:~~~n~•d equ~ty and a matre~ ci j!:;cl~te right to said MORTGAGEE, and without re(erence to the
~,cy or ~~ad~q~acy of ttie va:ve oi sne prcpeity mert~aged or tc :he so.v~•~.y u. ~~•sc~vency of sa~d MORiGAGOR a the defendants, and that suth
,•s, prufns, inco:ne, issues anJ re.cr.ces shel: be appiied by such Recci+er a:_oru.,~y ~e the fien or equiiy of said MORTGAGEE and the prectite of such
C:. rt. s
B. Te du'v, p~c~ ;~;y and tuf~y Ferform, d,sc'r~arge, exewte: e~iect, coT.pietc•, cc,:z;.~y witfi and a6~de by each and every the sHputations, agreemems, ~
i.t ons ar.d covr~.•3n's :n sa~d p:onustory ne!e a~~d :i~:s rn, rtgay-e set furth j
9. Ihaf ~fie e~ r•,t ;he c~ti~:ers: F. ef tFe ~,:orr~~a~ed ~>re^~~ses, o• a~y pa~t ~~er_•ef, L-rcornes vested in a person other than the MORTGAGOR, the
..~AGEE. i•s s~,c:ss~•s ~nd as•::~~s rray, w:'~~cur r.~+;:: ;o +~e '.ORiGi•OR, d~~a~ v::~i~ wch svc<essor or successor in iMerest with reference to this
; y-~• a~~d fbc ~:h~ ~:~-,~7~ z_c~:ed ~n t`~e sa~~c ~.er:~~~r 35 :.:~f~ :.'.'.:tjagOr w:chour in a~y way vn~ating or dncharging 1he fhorigegors' IiabiGry herr
, r or ~~;wn rh^ d•:te n~.r~~, ; s~..~•~d s+ c•% s!,.~ , s~~s ~k«t; mo+t3ayed ar.d no iorbearance on the part of the /~10RiGAGEE or its succeswro
~r~; a:~d ex~c^s ar, o! •r,~ r~: ~o rF.•~ F.: .~•~r ef r_ d_i,* i-~•~r,, sec~rcd g~+en by ~he 1dORTGAGEE or iu successwa or ass[gns, ahalt operate
__~se, d.sch:•~=_, n cd.~y c..,,.gc or a•~e:t tne: e~ig:~.,,~ ~.,~:,ay oi ~i~e h;:iFTGAGUR here~n, either in whole or in pa~t.
IJ. !t :s s: =:•f~.~u/ ;:a~ced s1,~' s~:n_ ls c! the ess~nce ef ~1.~s cu•~tcact a::d tt:at no waiver of any oblegat~on hereunder or of the obligatiwn se-
_-•_d h_reby sha': ai an~ ti^ e ii~~~_air~r :~e i,:r:d tc bc a v1~~.~r of tnc !er~ns hereof or of the instrument iecured hcrby. T
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i~ z_.~ t.,. t',:, tc.r.._7c i; , •~'s o4 ;.-~::c ,~.;1 a:,d i~,~c-:~st re:y., d by the prom;sscry r.o'c s^cured hereby. mwtgagor eovenants
_-•-es ic r~ o.~.^<<• v..•n .•o n. .••h.y} ~,nr• an ac:~ •..,•~a' aU~~ , ;!i~d by mortgagee to be equal to 1, 12 of tl~e annual ~ost of ihe fOllOw-
~ a-A~:~: .~a' pr.,c.::~~. .~.-~s o~ ~ss.:s.,.,~i .,y~,...' rt,.: ~~~o+c des^i~•:.d r_al es}.,re.
5. F: r,, ......,d~~o ~ s:.~ a= : r:~q~ r_d to b-- ta*n..~+ c~: 'h_• improveme~ts situate on tha above d_:c~ibed premises. ~
I ; P. ~ r~; a.:c~ 3. ::rsi ~ as}:nc~r,j,r,~_e sha:i f.~.~• e+o t,me deem fit to carry on the loan sewred hereby_ ~
~ tj,:._e . • +o s..c .t~ r;~r*~,3.:, ~n v<<rt,ng oi r.,~ a: c.:~+ due a~if payable hereundar and such svm shall thcreupon be due and ~
r , un t~., c.,- , oS !t' . c.; _ t a.:d rz~h s~,_c ~>s~~e ~.o•.!h r..~~reafr~r ~chi mortgagee shail not~fy mortgagor of a change in such
~ .
i Svch sr~ s s~~.a~~ a:.~~r_d t.y _..r.a•~ ~ne rny;nen! of re~~ pro~ert}• taxes, ins~rance prem.~ms, a~:d mortgage guaranty insurance
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f'v ':;lT~:E~S '!:H_1~OF, t^e sald fl,OWTGL~vOR nas h_re~ :!o set his h~r.d and se_I the day an~ year irst aforesaid. ~
' •
~ Signed, Seated a~d do':•:e+ed in tt:e preser.ce of: • ~
$eal) .
~ . ' ` ~ ~ `~-`L~i7~itati....o 1C@ {Seal) )
_ - - - _ _ a e . " e ls~aq ;
°-~.~\~r.~.'Pf\ ~-~ti.SE~ (sea4
V
_ . ; _ oF ~J ~ .
u.
,~.rr oF ~
Before me perscna::y aapeared -.----__~Z~ T1Ce and
_~eanette K. Tice his wife, ro me well known and knoyug=~o me to be L
:od~viduals descr,~d in and who execv:ed tha foregoing instr~ment, a~d acknovvtedged before me that they executed the sar~#or.tf?e'Vrpoxs
e:n expresseci. And tne said__-_____-___-___- Jeanette K• ?1Ce .~~4'~a'•:~ ` <
.
~ e-r C
~ , ~ ,2 . T iCe - ~~oe+1! ~eparale anSl.~F7HStl. i
r?,~ Sa~~ - - - - - . . - • <
~ •_-at:on by me r~KVn sec.arate and anart from her said husband, ackrsoxledged ~o and before me that she ezecuted saed iny:
't~rRieqi freely an~'~plvd;
i ar.d w:;:iout any cornpuls~on, co•~straint, a,^.pr~hzns;cn, ar fear of or fr n h r said husbard. t:
r':11r:ESS my nand and off;c,ef seal th:s- _ _ day e4_____g~ ~t A. D. 19~~~2`
~
` ~ ~..._::i-. .
s _
H lar e '
Notary Public in and for t State of;`.--~- g
~ h1y Comm~ssion exp~ 5 . ,~i~1
~ Resu~n io: ~7 ~ ' y~~{.r.:
~ . ::st Federal Sa~ings 3 loan Assu_iat:on ~ ~ ~ ~ ~
Of Furt ? e; r•t. - ~ ~ ~
~ . i
Fort P.e~:e Fler~dr
FILEO AhC ~ECORDED
~ ST. LUCiE CaUNTY FLA.
~ ROGc~ ~ `'T~AS
This Instrument Pre ared B Gar F. Ellwood CtEP.K C".C~IT COURT
~ P Y Y :~Fr~f:C VE^ - fDr....~~
~ First Federal Savin~s 8~ Loan Association
~ of Fort Pierce, Florida MAY ~O 9 oi AM ~7`t t
~4
~ Cnecked By
~ 28.~4'7
~ ~ 228 Pb~ 33
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