HomeMy WebLinkAbout1254 3. To place and com~ouously teep on the bui'd~nyi now or ne~ether ~~ruatn on sa~d land and or+ al! equipmant and peisonally tove~ed by this mortg~
age, w:ih all p~en~iums ~hereon pa~J in iull, t~re uls~ranCt ~he uswt sroi~~l.i~d ~a'~t~ fo+m, in a su+n approved bY the MOR~GAGEE, and w~ndstorm
;ns.,~uue in ~he usual standa~d poi.cy fwm, in e aum aHp~o.ed by rhe MORiGnGEE, in such company or compa~~es as the MOR(GAGEE may
d~rcch and all fire and wiocistorm insurance poGuea o~ any of sa~d build~~~s, any interes! th.:re~q or part thereaf, in ihe aggreyate tum aforesaid w',`~ j
in e:cess thereol, shali ;onrain the ~sual a~andard matgagee dause or such o~l~e~ cwuse as the Mor~gagee may ~equ~rs, maAing ~he iose unda ~a~d pol~
c~es, each and nvery, pay~b:e ro sa;d h~ORiuAGEE ~s ~fs ~~~~rr_st ..~ay appear, a~~d rach ..~,d e~ery such po!~cy ~sheil be promptly ass g~~ed and dei~vered to
any held by uid htORfGAGEE es furthor security to sa~d +no~lgage debt, and, not less than ten (10) dayi in advm~ce of the exp~ration of each pol~cy, to dr
~;ve~ to said 1110RLGaGfE a renewal thereof, IogNher vvith a rrce~pt fot the pre~u:um ol such renewal; and Ihare shall be no f~re o~ windsrorm inauronce '
pleced on any of said buiid~rgs, any interest therein w part ~her~of, un'rss ~n the form and with the loss payable as afaesaid; and in ~?~e event any sum
of mor~ey becanef payab~e under s~ch policY w pol:cies sa~d MORTGAGEE ahall have ~he op~ion to receive and apply the same on accouM of the indebted `
rass SKUred hereby u fo pennit sa:d MORTGAGORS lo reteive ant~ use it or eny E,.1r1 thrrc.~f tor o:i.cr pur~~ases, ~v~~nout th~~e o~ •.r~iv~~~3 J~ unpo~r• ~~,i/
~n~ any equ~ty, lien w r~gM undrr or by virtue of Ihis mor~gsge; a~x! in Ihe evero sa~d MORTGAGORS shall {o+ any reaso~ fail to keep Ihe said prem~srs so
~sured, w fa~l to de;~Yer p~anptly any of sa~d pol~ues of inw~ante to said MCRiGAGEE, or fai~ promptly to pay fully any pre~nium eherefo~ w i~ a~y
reepect fail to pe~form, d~xh~rge, eaecute, e(Fect, compkts, comp~y wi~h ar.d abide t+y th~s cove~ant, a any parl hereof, said MOR.7GAGEE may place and
~a; for slth inwrance or any pa~t thereof w~thout waiving or affeCi~g any o~~t:o~, tien, equ~ty, or ri9ht unde~ a by virwe of this hlatgage, and tht
t•„!I amovm o} each and every s~ch payment sh~H be immed~afely d~e and pa;able a~:d shatl bear interest (rom tha date thereof until pa~d at the ~ate ot
e pe~ centum per annum and ~o3el~er tivieh si~;h inier~s+ shai~ br s~c~n,d by the I:en ot Ihis matgage.
TO permit, commit w suf(e• no waste, impairr.ient ~r drter~oration oi said property or any paA thereof.
S. To pay all and s+~g~lar the costs, charges and ernenses, induding a reasonauir attorney's fee and costs of abstrads o( title, incurred or paid at
~~~y i~~.~e by s~~d A1pRiGAGEE, becouse w in the eve~t of tnc fa~'•ure on the part o1 ihe said MORTGAGOR to duly, prompNy and f~lty periorm, d~scharge,
..ewte, effett; complete, ccmply w~th and ab:de by ea.h and every ~he st~p~:ai~o~es, agreements, cond~tions, and covenams of said promisaory note artd ~his ~
,~ortgage any o~ either, and sa d cosrs, chargea and capenses, each and every, shati be immedia~ety due and payab,e; whether p nm there be ~ntice dr
•,,~nd, atte~npt to collect or suit pend~ng; and the full amaunt of each and every svch peymem shall bea. in~eresl (rom tF+e da~e thereof until paid at the
o} n~ne per centum ~,.~r ~mw:n; an~ a~+ sa~J coxt;, ci~a:ges anJ ~x:..:r.s_a ~r.currrd er pa~J, toyether w~th such interest, shall be setured by the lien of this
mcrtgage.
e. Tha~ (a} in the evene o~ any breach of tl~is .Acrtgage or drfault on tM pr,rt of the MORTGAGOR, or (b) in Ihe event any of sa~d sums of money
hcrein referred eo be not pron.p~ly a~d fully pa~d wirhin Ih.rty ~30~ days nexf a*i:~~ ihe same seve~ally Decome due and payable, withoul demand o~ notice,
c~ ;c) in thr cvent each and eYery the stipuianons, agrrrments. cond~tio~~s and covenanrs ol sa.d promissury note and ~h~s mortgage any or e~~her are not
!...y, p~ornptly an~ i•,tiy F~rformed, d schrg•_d, etiec~rrd. etFec~ed, co~~pie~ed. co npi ed rnh and ab•ded Sy, ihen in e~ther or any wch eveM the said ag
;-:3ate sum meN~oned in said prone~ssery uote •hen re~~ain:ng unpa~d, a~rh mterrst aa:urd, and a11 moneys secured hereby, sha11 become due and pay
a~, (orthw~th, or thereairer, at ~he ept~on oi s.~:3 At0~2TGAGEE, as full~ and cemplc-n•ti aa if all of ~l.e said wms of money were onginaily sriputated
_ ne pa:d ort s~ch dc~, ar.ything in s3.ci pro ~~~sso•y note or in this {S?orrgage to th~ conr.ary not.v~~hstanding; and thereupon or thereafter at the option o1
s~:f hlORTGAGfE, w~+hcut r~or~ce or demar.d, svN at law or in eq~ity, thereio*e or ~herralrer beyun, may be prosecuted as if a~l moneys setured hereby
d matured ptior to rti insh?~t~o~.
7. Thai in rk=e e..•nt that at the be~;rn'ng ~f or a~ anY fime pend~rg a~y su~f u; ~ this Mor!gage, or to foreclose it, or to reform it, or to eoforce
..~e~t of any c`3~~~:s F.~+e~r.d~;r. s.,~d .V~JRTvi+`v.t s%~a:: eo{:~y to t:~e CGU~~ I131:e:Cj jN NO C~~UO ihercrof for the appoimment of a Receivar, such Court shall
~•^ni!h aFp:;~~:t a rc-.E~.<r of i, ,,~.~i p•,•, ~:•s~ a:~ a~~d s. ~gv,ar, i~.c:vd : y a;' ~~.u s:•~gv~ar tne income, prof~ts, issues and revenues fiom whatever
~__r .a.er~ved rach and e:ery o! :,.~._h. bc~nq ;~ress'. :::d_;s!ced, is he~ei~y e~..:i~G~ged as i1 spec~~ically set forth and destribed in the g~anting and
,_.r ~dum c~a~ses herof. ar~d s~ch R~.ei.r: sh~:i L.++~= x~ ~h: broad anci eiirc• ve i~:^r. u,:s a~d powers in anywise enlrusted by a Cou~l to a Receiver, end
s,n a;.poen7me~~t :h;1: k~ rr.ade by su:h Co1rt as a~~ ad^:tt~d equ~ty ai~d a..•ancr cf abwlute right to said MORiGAGEE, and without re{erence to the
i.:,cy or inadeG~acy o`. ~he va:ue of fhe property mo•tgaged or to rhe saY~~uy or ,n_utvenCy o( said MORTGAGOR or the defendants, and that such
-•c, pro!i:s, income, issues a~Ki rever.~es sn~i! be ap~~6ed oy such Rec~~ver accwu.:~3 ~u ~he lien or equity of said MORiGAGEE and the practice of such
-rt.
8. To du!y, p~ar, r:y and fui~y cc~`orm. d scha:ge, exec~~e, effec}, COrnplete, COmpty wi~h and ab~de by each and every the stipu(ations, a~reemeMS,
_:•d;r:cns and ccvena:~!s :n s~.d pro:n,ssa~y no~e a:~d th;s mortgag> s--~ fu:th.
9. That in fhe event she o~•-ers~;c of the mo-tyaqcd pre~n~s~s. er any part tFe.eof, becomes vested in a person other than the MORTGAGOR, the
.^<7G.4GfE, i+s s~:cess~~s and asn•s~~s, may, .,::nocr r,o~:;a :o +'~e •'::ORiGAOR, d_~+ v.,eh s~ch successor or x:ccessor i~ interest with re(erence to this
-~gage a«d thc ~_ct t~errby <_>cureu i~ the sa~~e mav:•~r as wnh Mortgegor with.~t [n any way vitiating or discharging 1he /~lortgagori liability here~
w upon rhr d_bt i~~~eb~ s,.~ned ?:u sae of t~:e Frc•r,s~s h:reb; morrga~ed acd r.o forbzarance on the part oi the IdORTGAGEE ot its s~cceswrs
,s_. gns and no ea!cns o~ of the hm? for rhe payn rnt oi the d~bt h= rcb~ secured given by the N10RTGAGEE or its successots or assigns, ahall operate
_ r~se, d,scharge, :nud~f~ ctan3_• or cf~ect fhe c••ig~nal liai.:,,ry of tne h'~vkiGAI~OR herein, either in whole or in part.
10_ h is scec~i~:n';v eg~eed rhar t6ne is of the cssen~e of this con'rect and that no waiver of any ob~~gation hereunder or o( the obligafion se-
~d hereoy sF.a:~ at a~.y hn.e :h_reatter be hc`.d to be a v.a~+er of the !erms hereoi er ot the instrument secured herby.
li. 1~ .-:,id,~le:: to fno ~o~f5~ ''Grtn~Y ~~a~m~nis c::r~c pr! ard inr,r<_s' requ.;ed 'cy the promissory no!e se.ured hereby, mo;tgagar covenaMS ~
_ ~•ees to pay ro ~-u.•n:5.,e e3_^ •~,r ~c•': ~:cr~a: s~nn , od rnortgagee to be equai to 1.'12 of tce annua~ tost of the follow-
A-A~' rear E::ope•ry tsxes ~e:l, ~ er ~szes.r; ;g~,.;s• ri.,= ~::ove des~•;brd r_al esi~,fe.
B- .s o:~ a=:d r::cr.sro:~~. nsc~a~ c~~ s 1:e•:~n req~ red to 6e ca•r~c~:} en ehe im;:rov~meots s~tuate on the above d:scribed premises.
_-Pre~*• un s on s~xh m:o~tg..ge 9uaranry :rsuran.=e as mo•f-~agee sh:;f fr~~• t me ro t~~ne deem iit to carry on the loan secured hereby, ~
.'.~o:Tyag•_e s-r, ~'•c n i~«~~ io t; -•e ^c:•i; r.:o~t ~agcr ~r. v,r;f:ny of tF.a .~r ~o~~t d~e and payable hereunder and such surn shall thereupon be d~e arxl
; •
_,'e on tni dur c~ar~~ oi the •:~tt F~-~r~,rr~t a^d e::h su:cess~ve n,o^•th r::e~eaft^r ur,til mortgagee shaU notify mortgagor of a change in suth
'j ,r!. Such sums sta! Le ap{.'.ced 'cy -ne~ig.:g:r tc:.ard ~hc payn,ent of re~l ~:roperty taxes, insurance prem~ums, and morfgage guaranty insurance
s ~ ..T.s.
` ~[i VJt7NES5 :+HEREOF, :he s~d A'.JkjG:+GCiR has here~•~to set his hand and seal the day and r~rst aforesaid. _ ~
f ~gned, ! and de'" r~ tne resence af: f~~ED ANt R'tCOPDED ~ /
! ~ l St_ LUC1E COU!ITY FLA. ' L l,' ~ aq ~
! ~ ROCER POttRAS ~ ;idward J. Si rd
~ -`T'- - CLERK C~%+CUtT COUR (5~+4
~ << C! ~ ''l~~, _ ~ RECORC ~EP'~~E~ are iCar (~a~
~ '
~ - - - - f. 1 «an
~ ~ OF FLORiDA 11 ~ ~O I ~M
':'.;vTY O. St . LilC i C - i 55. ~~V !
c
Before me persona~ly appeared Edward .J• Sieard
and
_ _ 1~aI@fl S1C2TCj his wife, to me well known and known to me to be
~ ~ fndividuals described in and who executed the foregoir.g instrumenl, aod acknow~edged before me that ihey executed the same fw the purposes ~
_•e:n exprESSed. Md the sald '~aren S1CF3LCj ~
of ~he said ~wa~L~~ C1Cdrtj , upon e separate and pr'rvate
-._~-~'nat~on by me taken sepa~ate and apart fiom her said husband, acknowledged to and before me that she executed said instrument ireely and voluo-
.t and w~tho~t any compufs~on, co~straint, appre/h,enrs~on, w fear of or from her said husband.
~ Y~ITNE55 my hanJ and offic~ai seal ths .~5~~~- day of_ n Jun _ A. p. lq 74
~ \ / / / j l
- Notary Public in and f ~ the Stat oE Florida at large
„ My Comm~ssion expi ~r.
Returr. To: - ~ ~
~ r~rst Federal Savir:gs 6 loan Associat~on ~(,,~~~'?f
Cf Fprt P.Ere^. Uey ~ .
~ . 1(T+~ti • :
~ Fort P~erce F!c~i;l, r`, i:is~l~~~t~i
- ~
~ .JVv' •••~~/~G~
~
v • h e i
~ John ~r~, Collins ; a~ r`~
~ _ „s, .o r_-=.
This InstrumeM Prepared By ~ ~
First Federal Savings 8~ Loan Association z v; •`O "•;,c=~r= :
~ ,_~f Fort Pie?ce ~ F lot i da ~ s~•'•P~a L y C.•`"~~~`;
~ ~i . ~hj ~
~ _ i Q/~ ,
~ •~~~u.. ~C~ t
Checked By ' `'%~(Q~~OA~?
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