HomeMy WebLinkAbout1189 To piste and co~tinuaualy kecp a~ +tw ~v~'d~ngs now a hrrealrer s~r~ero a„ aa~u ~anJ a~~d on aC cq~~p~uant and perscr,a!ly w.ered b~ ~his rnor~g~
egs, wi~h all premiumi thereon pa:d i~ futl, liro ini~rance ~n the .,swt t~o~~da~d µ~~~tY fo+m, in • wm apwuved br tl~e MOR~Ir:~GEE, a~~d w•~ds~am
:~w»oce in ~M uwal s~andard pol.ty fam, in a sum ~pp.o.rd by ~~e MOR1GAGkE. such companq or canpames ~M MUR[GAGEE rnay
d:~ect; and di fi~e and wlnd~rorm insuranc~ po•~c~~~ on e~~y o( sa:~ bu~~d.~gs. ~ny intere+t ~herein w part ~her~of, in tM ayg~~ya~e sum aloresaid or .
in excass thereo(, sh.itl c.x+tain the utual i~.u~dard moa~y~gee uause w suth otlxr c~ause as ~M Matyage~ may rpv~t~, ma?iny tM iosa u~ule~ sa~d pdi-
c;rs. e.~ch and every. payabie to sa~d A1JRItiAGiE ~s in~~v~~a~ n~.y .NF,oar, a~;d aach and e•:cry s~ch po!~cy +hsff tx ~uumptly aug~~rd ar.d del~vcred +o
eny l+eld by sa~d AtORTGAGEE as (urther src~rity to fa~d ~:•ori~age druf, and. ~or :~-ss ~han ten t10) dey• ~n ad.rnce ot ~he eap~~+~~on of ~ach poGCy. 1o de- ~
;,.er eo said N1~RTGAGEE a tenewal thereof, togeehrr with a rete~pt for thc p~rm~~m o( such ~eneavai; and there shall be oo f~re w winds~onn in~uraac~
pf,ced On ~ey ot said ~uildi~gs, any imerost there~o or ps~t thereof, unf~sa in ~F+M !ora~ and w~th ihs ioss payoble a~ afwesaid: and in ~he aYenl any suin
uf mwNy becomd payable untlrr such poticy o~ W~~cias ss+J !~~ORTGAGEE shall hsve ~he opt.on ~o receiva and ~pp!y ih~ same o~ auo~nt of tl?e indabted-
neas seturod hrreby Ot t0 p!/mit said MORTGAGOR$ t0 tcCEn@ and uf! if OI a~~y (~c~t Ire:c01 fCr C:i~cr pu~~.~::irS, v.~~t~'vol ~h_~~ui '~e~Y~~~3 Ar unp~~~-
~ng any equity, I~en o~ righf ur+da a by vir~ue of ~his ~~atgage; and :n ~he event u~d MO~TGAGORS shall for any reaton fail to krsp ~t~e said prcmisrs w
~~,wrrd, o~ fail to de~~ver premp~lY any oi aa+d pol:cies ol ~~wrance to sa=d MOR1GAGtE, w fa:l pro~np~ly to pay futly any pre•ni.rm thr~elw a in a~Y
~asp.~ct fail ro pa~orm, d~scha~ge, erecute, e~fect, ca*+p~ere, con~ply wi~h and ab~da by th~s covenant, w any part h~veoi, se~d MORTG:.GEE may place and .
pay for such in~urance o~ any part thr~eof w~~hoot araivir.g or af(rcGng any opt~on. :ien, aqu~ty, or r~ght u~ulr~ w by vi~tue of this J~lwrgage, and the
f~i~ a~novN of each and everp sucA paymant sF+.~B be immrd~atety dve e~x! ~yab'e and shail brar ~nterest fran the date thereof un~ii pa~d at the ~ate o~
e pe+ tenwm pe~ an~ium ond togather .v:h su<h ~~vc~est sh~i: b.. secur~~d by the !;en o1 th~s mwtgaga.
4. To permiY, canrrut u suffer no w~ste, impairment or de~er~oreuon of said prope+ty o~ any p.i~t ~hercof.
S. To pay all aod s~~pvt~i the costs, charges +nd eKpe~urs. ~ndud.ng a rraaor~able auwney's fee and costs of abstrads of title, incurred w psid a1
±ny ti~ne by sa~d MORIGAG`.E, bctause or ~n thc ev^nt of th~ fa.iure on the Mrt oi ~he s.,id A10RiGAGOR ro t:uty, promptly ~nd fuliy pe~~wm, d~sthatge.
:.c:vte, eff~d, comp:efe, com~ly w~fh ~nd ab.Je by rach and every ~he SLpylahoni, agreen~ents, co.idinons, arxi covenants of sa~d p~o:nisso.y note ar~d th;s
, orrgage any or e~rher, ar.d sa~d coita, cAarges a~d e=Fen:es, each and every. sha~l be immrdiately due and payabie; whNher or not there be not~te da
,,,nd, attempt to coS{ect or suil panJ~ng; and the fult amount of each and every such payrnem tha:: bee. ietcresl lrom tM d~~e dxreof u~til paid ~t the _
• n.:ie per ctntum ~xr an~w:~i; cru: ai': sa.d ~uats, cha~ges a~d rxuauscs inc.,rred ot paid, togtihet wJh such inieresl, Shatl b~ set~ted by the I~en Of thit 1
c:o+tgsge. }
6. That ia) in the evenl oi any breach of th~s 1~!o+!gage or drfaul! on ti~~ p.a~t cr the ASORTG~GOR, w b) in ?!x event sny of sa:d wms of money i
hrre~n referred to ae noi premp~~y ar.d +u11y pa~d w~rt~~n ~t:~~fy ~3~) d~,rs ~ext airer ~hc same s»Ye~a:1y become dve and payable, wi~hout dema~d w rwtice. :
:
. r c1 in the event eech and every the stEpu'a~ians, ~grerrr.ents, tor~d~t;o~~s and covertants of sa.d promiswry note snd th~a mortgage a~y w eithet ar~ not
~:rompt~y sr~d i~11y ~er(onnrd. d scharycd, eaecu:ed. eifec~ed. comy~etrd. co. ~,:,rd r.~:h and ac•ded yy. then in eeher or a~y such event the sa~d +g ~
~raqa!e sum mtntiooed in said pr~*+~sswy rw:e then rcmairnng urtpaid, w~th ~nlerrst attr~cd, and a~i nMneys SCCUred hereby, shall bccome d~e and pay- t
~c forthwith, er thcreafirr, at thr o`t;on of s.~:d ~IORIGAGEE, as fwrr ard comp~efely as ii a:l o( t!k said sums o( r?wney we~e or~9~Mlly stipu{ated ~
~ br pa:d a~ such day, anythin~ in sa.~' aro•n~ssory note or in tf•~s hlortga3^ to th2 conuary nofwithstanding; and thMeupw~ o? thereafter at Ihe option of ~
A10RTGAGEE, wrtiwut nor.cr or ~e~nand s~~t at iaw or in equrty, these`cre or ~h~rcairer Lxg~n, may be prosecuted as if all moneys secured hereby !
~
.::j r,~itufe(~ Qhpf ~O d3 /nili}VfiO!1. {
7. That ~n rhe event thas at ~he beyinn.ng of er at any s~~ra pc~ttjEng any su[! upon th~s Ilortgage, or to foreclox it, w to ~eform it, o? to enfo~ce
-~ent of any ca, ~s F:erru,~d=r, s~~d t.10~T~AGit sna:t ~~p~y ~o ~?~C Cc~r~ hav~. y;~r:~d~ct:on thereot for the appointmenl of a Rece:ver, such Court shall
,-:.iri~ a;:~~•o~nt a rece~~rr of se;d mo:tgagrci p~cpcrty oi~ a:~d sb.7v:ar, ir.,'vd~.y a~! ar,d s~-i3u~ar ~he income. p~o(its. iss~es and revenues f~om whatever
, ;.'cri.ed, e.,:h and e~~ry of wh.ch, t>e~:.g exyressty :.:xlt•sicod. ~s h:crec;~ r.•ortgeged as if speaf~tally xl fafh and d~seribed in the g~anting and
r:~cl~m c.auses M•eot, and such Recel.e: sha1: havt aii the 1,+oad and e`.iecT:+r f;::c•.ons ond powen in anyw~se tmrusted by ~ Cou~t to a Reeeiver, and
s.ti a~~poir'menl sh.i7 tx ~nade by sv:h Cov:t as ar, admittrd rq~~ty ~i~d ~ ira't~• c~ aL•soiute right to .aid MCRTGAGEE, aod withovf rtfetente t0 IhC
_.;_•::cy o~ inadequacy of the va=ue ei +he pro~~ty mortgoged c~o ~1:a s~~._•~c1 =~~:~~~en.y of said AhORTGAGOR a the defendants, a~d that such
•s. proi~ts, intc~ne, iasues and revenves sha:1 be ap;~~~ed by such Recr+~er ac.u~; .g ~o tne tien o? equiry o( said MORTGAGEE and the practice of sueh
..rt.
3. To du:y, prompt:y and ful~y perfo•m, d~sche:ge, execute, e{fect, comp r~e, co•r~(:Ey w~Th and abide by each and every the stipvlations, agreernents,
t'.ns and wvcnants +n sa~d prom;ssory note a:~ th~s iT:.:rt~age sat forrh_
9. That in the event the ow~irrsF.:p of ~he mortgaged prc~~:ses, a' any pa~t th~reof, Eecomrs vested in s perwn other tha~ the MORTGAGOR, the
. ,^'!:AviE, ~•s svccessors a^t1 jis~gr.s, m.+y, w~:hoc~ ~~o~::e :o ~~e .~'•Ja1G~v<^. dea: ~,,ith s_•ch successo~ or s~~cceswr in enteres~ wiih reference to this
~.gc and tfie d_b~ h~re~y sz~cu.ed in t6e sa•^e r.~r.•r.er as ++h !:,or!jago• vrthout in a.~r way vitiating or dixtiarai~g thr Mortgagors' li~bility herr
or vucn rhe ;1_~!,t h.••eay secu:cd. t:e ss'•r of tha F-e~~:s••s i-e~eb: ~r.a:tg~ged a.^.d no forbea~a~ce on the par~ of the MORTGAGfE w its sutcessots
_ 7~s and r.e ~.~~•^s~o^ o'r i!,e ~3:t,e fo: ehF ;;r~me~~+ ~i s~e c:rb~ i:-.=_oy a.~o~red a~:en by ~he MORTGAGEE or its svccessors or ass~gns, s.ti+N operate
~~:~se, ds.hage, m:ni~ly ;hanye o. a~:ect t'~e :i~!~ of :~~e ~'~GRtGAGOR herein, either in whole or in part.
10. It is spec•f~c~~:y ag•e~d ~hat t~~ne is of the esse::ce of tt~+s co~~tract and ttat no waiver oi any ob!~gauon herevnder or of the oblig~tion se- {
,_-~d hrreby sha:l at an~ ti^se rt:erez!ter pe Fe!d to b^ a vrai.rr cf sh-~ •e:ms hrreef or o! tne mstrument secured herby. ~
t l. In add ~F~~ to ahc io:-_gc g s~:o~•~~ .;ar~~-•:~'s o' ~~~:d ~•~z! rrau:rcd by tt~e prom~ssery nore secvred hereby, mortgagor covena~ts
.7•ces ~o ,ay ro r•:or:g•g~~~ r.;rn r.a:n ~~.o~,•y, y;:+,: ~n edu •~o•:a~ sl~-;.. :•sr~.i bY mortgegee to be equal fo 1; 19 of the annual cost of the ~oiiow-
i
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~.-A`I r_a! :%ropr'ty TIaJi :cv._'7 0~ +ssces~•cf eg,i.s* th_ <:o,e d_s;•~'r.-:d r_at es'ate. ~
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F.:~. ,..s c~ i:.~ a^d Y.A:~S~J ••l :':yL"3^Ce as ~~r•c~n q,. +ed to oc c3=r.: d c;, ~he ~•n;:roveme~ts s:tuate on the a'wve d_scribed premises_ ;
C-Prc••-i~n•s o~ wch .r.ort~~qe g~aranty ~rsvra~.ce as n~o•!3agee sha~l from ++r.e to *~me deem fit to carry on the ban secored hereby_
't:or`gagtr: s~3~i ~ro,n t;~r,e :o t~~,-e n:~'~i~: ~r.c.'~.sg~_• .n wr:r:r,g 0j t+..~ a._o. ~ue and payable herevndrr and such svm ehal! thereupon be due and
j ~n th= clur cate ef ti,e n•_.t n:o:+t~:; ;~.;in„=~et a::d e::c~ s.;tcess;.e -ro~th r^r*~a5:~r vc+il mortgagee shalt notify mortgagw of a change in such
~rt Sud~ sv .^.s sha ~ ce app:~~~~ b'f moreyay•tc tu-1a'd tEe p~~~r.ent cf r~ prcce.ty laxes, ins~rance ptem:ums, a~~d mor!gage guaranty ir.suraMe
I - , J'';S.
~ I~1 \VtT`iE55 Y:HER~OF, tne sa~d !1'•~,RTGAGCR F.as F.~•re~.••o ser n~s h~r~d and se~f rnr day and year u afwr ~ ~
~ :g~ed, $e ar.d ievered in t!x ptesente of: ~
~ an
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sn
/ ~ T- ~ • _
- Wil~d P.Scholtz :
i i
=~"E OF FLORIDA ! i
$t . ~.11C1C i SS' '
" ._:•iTY OF
B-iwe me personal~~ appeared _~4a! 1'. SChO1tZ and
~Al11IIa P. $C110.itZ his w~(e, to me well known and known ~o me to be
~dvidua'~ dexnb_J %n and who exetuted ~he foregoing instrument, and acknew~edged before me that the~ executed the same fw the pi:rposes
' •e n eaprtssed_ And the said_- W1iQa P. ~l.'hOltZ
of +he :aid ~~aZ L. SCt101LZ _ vpon a sepu~t! and priwts ~
nar~on by me taKen s~parate and aoart from her sa~d husbar.d, acknov+ledgrd to and beFwe me that she executed said instrument freely and volurr
; er.d w:tho~t any comp~is~on, constra;nt, apprehens~on, or feji of a 4.om her sa~d husband.
'.YITNE55 my hand and ofii:~al seal this_S~~ day of '~uly A. D. 1974
Notary Publ~c in and w the State florids at
My Comm~ssion expires:
Return To: '_n ~ I~ ~_Il~ ~
~ r•± Fedzral Savir.gs d loan Au~dn;.on ~~0~~ p~ ~i ~
Y~" Qf Fyt F.•_-rce. . . ~
~~r.
Fort Pierc Flo~~d~ - ` ~ .
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~~E~1,•al1C~ U~(Y ~ `~r+ . ~
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k~~-~ :~~TR~,6 . ':~~o-r _
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R.~..•
This Instrument Prepared By John W, Collins ~~ERK ~J ,
First Federa! Savings 8~ Loan Association R F C ~ ~ D YEF'='~~_. _ : ~cQ _
of Fort Pierce Florida ~ ~T1~ - p~,Q L f ~ ' `c-. _ {
~hecked B ~ ~ ~ 7~.,~c''••... .
Y~ ~,.y ' !,^a~~~~~.~
~ ~gs " ~ ' . ,
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800K PAGf 1189 ~ ~
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