HomeMy WebLinkAbout1424 3. To p~xs a~~d co~tin;,ouiSy kacp cn ~f~e b~~ .1~~gs :~ow w i~rreaNe~ s~t~aea on :.+id ~snJ a~d o~ all rqu~~vnrm and personatly covered by t?+is mor~g~
sg~, witA all prrm~ums the«vn pa•d ~n (u11, f~rr ~ns~~.~~.e ~n the ~sua: s~.~~ da~d ~.~~c~ to~m, ~n a sum aHwovad by the MGRiG.1GEE, snd w~~dstwm
;niurance in ~hs ~aval aran~a~d pot•cy 1am, in a~um aFpro.rd by ~he hhOWiGAGEE. ~n such company o~ compan~e~ as the MOR~GAGEE may
d~rec~; and all iue ar+d ~++~~xi?~o~m inwra~ce po:~~~~s on any of s•.Ki bu~~d,..ys, any ~me:aat thrrein or pa~t thereof, in the aqgrega?s su:n •taesald w ,
in excrss Ih~reof, st~atl :antain ths uwal s~~~~darJ n~wrg.+gre clwte a tuch aFur c~euse as ~h~ Ma~gaye~ m~y requ.r~, ma?~n9 tiis lo~s unde~ sa~d polt
c~es. tach and every. p.?raL~e ro said A~JRIGAGEE as :~s ~r.~cr.s~ u~oy app~•a~, and .ach and etirry ivch po:~ry si~ail ix prp:~pny assgnrd snd ~le;~vared ~o •
sny held by ss~d MORtGAGEE as furiher sr<~nty to aa~d ~~~J<<JJ'~C J<bt, and, r.ot Iesf ti+an t~n t1~i dars in ad.a~xe ot the exp~rat~on of eoch pol~ty, to da ~s
Iner to said MORTGAG~E s re:kwal thrreof, ~~r~hrr v~nh a recc~pt fw the pr~:~~~•..~n uf svch r~ne~al; and there sha? be no fi~e or windsto+m insvranc~
placed on a~y of sa:d bu~ld~~gs, any in~r~est thsrein a pa~~ ~he~cut, un.~ii in tGe tunn a~~d w~fh che ~oss payeb!e as afwrsaid; .~d i~ rne e.ent any s.,•n
of mon~y bccanrs paY.~b1e ~ndrr s~ch policy o~ po~~c~es seid hIORTGAGEf shall M.e ~ha opt.on ro recc~ve ond spNly ths sa~ne a? accou~~ o( ~he indeb~ed-
nrss src..red haraoy a to pe~m~~ s~~J IAORTGAGORS ~o rec~~Yr ar:d use it a e~~y rt tt..:..~~i loi c:n. _~,ur, esrs. ..:ih,~t ~h:•. o; .v..~.~.y ~r ~~np,,ir-
ing ,;ny eqv:ty, IEe~ or r:g~t und~•. or by virn~c of ~h~s mar-gage; and ~n the evem sa.d MO~iGAGORS sh~li ;or any reason fail la keep ~he said premisas w
~nr~r..~J, or ioil to dai~~a~ Wanp?iy +~y of i.~~d po'~ucs of ~~~svr,~•xe w sa:d ~dORTGAGEE, w fa~l promprty ~o pay fu~ly any pre~muu~ ihc~elor or in anY ^
~F,i.rct fai! to perfam, d~se:~e.ye. ~¦ecufe, effeu, com;.~~~r, co:~.F,:y w~~h e~id ~b~da b~• th:s ceve~~an~, or any part herea(, se~d MORTGAGEf ~nay placr s~d ~ ~
pay for svch 1~1.~!J!KQ or ~ny part thereof w.~hout waiving w. aflecting any op~~ory t~en, eqv,ty, o~ r~~ht uudH or by virtue o( ~his hlw~gage, and the ~~i
~~II amourcl of each ond e~ery e~~ch pay~neo~ sh~il br :~+~u~cd~atelY due and payaL!c a:~J ~h•~:1 h~a~ i~~?cr_st from ~he date the~.^of until µa~d at the rate of
~,:~r prr crnt~+~i ptir anr,,:n~ ~~id to~rth•~~ .v7h suth =ntz~c,s~ sh,~~ SK~ sc:..rrd 'uy Ihe ~.~n Ol th.y mottgage.
1o permit, commit u wffer no ~va~ts, i~nµair~~~ent ot dct.+:otst~on oi aa~d propr~ty o~ any parl thereo(.
5. To pay a~l and ainq~isr ti~e costs, charges and ea,~rnses, inciud~ng a rrasonabie atromey's fee ai~d costs of abstracts of titte, incur?~d w paid at
t~~nc by sa~d b!ORI~rAGEE, becouse or ~n the cv~nt of the (w:urr on ~he pd~t uf ~he sa:d MORTGAGOit to duly, p~omptly and fully pzrform, d~uhs~ge,
cure, efittf, cc:~p:e~e, co~npty w~~h and ab:ck by ea:h end eve~Y tRe s~:p~tenons, a~r~r~nr~~~s, cond~~~au, and ccvenanrs of w~d prwnlsswy note and ~his
,.~ngeya any w e~fhe:, and sa:d coats, cl~ar9es a~d eapensrs, e~ch uxl ~ve~y, sha~~ be imm.:d~atrly dve and payab:e; whethe~ o+ not lhero be aot~ce d~
.•.d, a»Fmpt ro to~lect or svil pend+ng; and tt» f~ll a.~.uuat of euh a•~d evr~y svch ~ynxnt ah.+ll bear interest 4rom tFie dat~ tFkreof until paid ~1 th!
~:,~:e +:er ce::~~m E,.:r e„~~vrn; a*~~ e~: sa~d ccs:s, ei~a,ges a~:o c.r.::s~ s,.x~.red er pe~J, together .v~~h such inlerest, shall be secured by the I~en oi tha
~.o~T~age. '
b. That (a1 in ihe eveM of any brerch oi th~s 1.Sortgaya or defa~t on t':- pa~~ of tne MORTGAGOR, a ib) in 1F?e event any of _~td sumt of ma~ey ~
heretn reterred ro M not Evompt~y and fulty pa~d v~:ih~ti ~h.~ry t3J) d~rs r+eat aif:,c •he eame srvera:~y become Jue and pay~ble, without demand or notice,
in she e•.en! cach ar.d r+n~y ~he st~pu:arcns; a~reemenrs. cond~ne•~s ar.d co~enann c1 sa d pro~ussory note and th~s mortgsge a~~ or e:ther are no1
r.ro~npdy and iul:y ~.cr(o:m~~c~, J itha+g•~3, ereoJ'~•d, a4fettrd cor••i.:cted, co~rp••ed ~:.~h and al:~ded 5y, thrn ir. e:ther w s~y such event the sa~d ag
r: i.~!a wm men:ioned in s.~:d pronussory ncTe tne~ re~r~a~r,:ng un~,a~d. w~rh ~~,tero.r acc:.:.•d, end a+! moneys secv~ed hercby, shall become due and pay-
`c.!hw~th, or therea(ter, at rhr c, t:on of s.~d 3'.t;RiGAGEE, as (v1+~ a:~ comp+ere~~ as it all uf thr sa+d sums of money were orgina~ly snpuiated
on.d on such dcy, anyth;r.o ~n ia.d pre~r.•asory notr or m!t~~s tlo:tgag•~ to ~!~r :ont:a!y nutwi~hst~nd~~~g; and there:,pon w the~eafie~ at the opt~on of
s . S10kTurliEE, v..shout nut„r or demard, s~it at ~aw cr m eqv,ty, ~h<:rtore or ~I~e+a•a:te~ beg~n, may be p~osecuted as if sll rrtoneys setured 1?ereby
:i •~~atured pnor to ,ts ~~snT~;.on.
7. Thaf in tFe event rt~ar at ~tir [~r9:nnu g of or ar any n~•,e c~•nd~rg ~~Y iu t upors th~s Mot~gage. o+ ta ~oreclose it, or to re~orm it, o+ to enforce
~~ero ot any c'.~:ms h..~.eu~~de~, s.~u 1.50RTvAG_: :h, l,,~Y~ f ~o :'~e tov~~ ha.. y,:;c.~d.c~~on te~erucf tor ihe appantmen~ of a Receioer, such Covrt shall
•-.:.ith a~por:! a rece~~e~ cf e_~d mcrty.,yrd rrt~.•_•ty eli , ad s•~=~u~a•, :..~:i ~,3 ~1! and s,,.~~u~~: 1he income, profdt, issves and revCnueS frOm whaTevl~
. _~,~riwed. c~cr~ ar.<I everv .:f wi~:cfi. ~t b. .r•g c4~ ri•SS'y ci.~r'ih.::.i. ~s ~<<~:5y ~ u:•.~.~~;ed as if spec.ticaUy set forth and described in the graming and
:u~~ c~r~nrs hrr~oi, a~d avch kecr~vr. ;h,:1 f.:-- a:: the br~.;d e.d rei~~•.~e fc•'c: ons ar~d po.vers in any~v~se enVUated by • Coun to a Receiver, and
s_~ +ppointc~e~•i shatl t~e ~r dr by such C-v~+t as an ad ni:~rd eyu~:~ .,~~d .i r. ,•+er ~4 abr~~ute right to said MORTGAGEE, a~ without reference fo 1he
,,,cy or ~nadrq~acy of r:e ~ai~a of the prcprrry ~..orru,3ed to ~f••~ s~ .-;^c, o. ~.o:e_nty oi aa~d MORiGAGOR p ~he deiendants, and that auch
•s RlJialS, inco:ne, issurs ar~J :eve~u.rs ih~d t,e a~~r,:~
.i cy w~h R~o,~+ei ~o ~nr lien w eq+~~ty of said MORiGAGEE and the prauice of suth
~o~rt-
8. To d~'.v. p.crr+F,~'.y and f~,i'Y per'o~'r., dis~h•rge, exec.,te. erre:t. c~~~..c-T.•. c:-~ wrth and abide by each and every the stiputations, agreements.
_...cns ar.d .~vecanrn n sa.d p:o:-•~sso•1 no:e o::~ 'h~s r.:~r~ya~r s-.• :r:!~_
4. Tt.at i~~ rt.e event thc rj.n~~~:h:} of :F.e +n,.tgaged pre~ s^~. or a:-+ ~3~t ~nr~~cf, L-ecomes vested in a persoo other than the MORTGAGOR, the
. ~'s s. ssors ~i as~~ s.- ~y, v~::?:~_~ sc• ~ JR. dea. ..~:h su:h su:cessor ar srcessor in interrst with reftrence lo this
•s .r,_u! any way vit,ating or d~sthargiru~ the 6lottgayoti liebilify herr
;-3e ~ d tnc d; k~ret~y scc~•r._:7 ir. !r.e ss^+c r• ~r.:.,* js
or :,.:,n ~na c_e,~ ne,rr.r s___':~~ s, e o! ~s-~s !,:._i:, ~~;~sysj_•~ o: d~,o ierl.earartce on the pan o1 tl.e MO~TGAGEE w its successon
,.~,;s ~-,d _x•_,~s.o~ • i. •f:_, .>.~n,r:,t oi t~:., .i•_b• i,..=. _.c•,f~c! y,.~~n by the N.ORLGAGEE or i~s svccessus w ass~g~u, a~'uli operate
~ __.,tr, dathar~e. ...;d,f~ :*a~c~~• c.r aiiecs ti~e v:y~: , t+ uj ~%te ~~i'vAi,OR i.ere~n, e~ther in v.hote or in pa~L
l~•. It :s sr••~rf~cai:+ :~g~r_•d ~h~+ t.~~.e ~s et ti:.: esi~~^c~ cf i! s!o•~:ract a~:} tf:at no wai~•er of-any ob~~garion Lereunder or c~f the Obligation sr
~ h.;re5~ s~e': at any tir,r ti,•_iea'r2~~. b~ ^edd tn be a'.~.~~:~•r c? ?'r. •ern.s t~ereci ot o+ tne ~astrurn~n! secured F~rby
! i ,_i T , ~o r~:_ cray~ ~ . u.:, . ,,~e ,i _ : ~ , .>r r- •c•d i~y ~he p•on,.sscry ~o•e sec~red hrreby. n.ortgagor eover.ants
_rs..o ~~ti to r,urta'y~ e ~.rh~ra. i;: j. _nt j~ z.. e:.:•,~• s• ~ uy rnor.g.ge~ to be eq~ai to l.' 12 0! the a.inual cost of the follow-
-:1; r.d~ r`. ta.-rs ass_ear:. :,;~•a~ fl~c a:^v_• descn~rd r~~al es•a'e.
F, -s ea n.re a~:' :v:c:~s:o:~~ i~~su• u, iecra:n ~.q~ :~d to be cr~r~•d ~+z 'F.e :~;-,r~veme~ts s~tuate on thr a'oove desc~~bed premises_
~ P:.. . ~ _ _ ; . :.z ~:-c_-•::3: : , „ ~cerr f~t ~c carry en t!x loan secvred herebY-
o••~.>~~,- _ se _ c. c_,~.. e ~...~:r.g c9 ti:~ ~ ar,d p3yab!e hereundrr and sUCh suT shall thereupon be due and
~ u,=- d~,•.-. ci t=, :i_.s .cl.~~•, _~:t o:•3 e.c~: <_.:co.:<,;.e ~c.~~•r.•:raf~rr v,.ri• mer:ga~ee shall noGfy mortgagw of a change in swh
, yc_,s. ;,.~.s s~~a' =~e :pp:~cci iy •rr'g-:-.-.:o.:a•a fFr pa,:r~ent o` rca! p~cperr: :a~es, ir.sura~ce prem.~ms, a~xl mortgage gvarenty msurance
~ ..~rs. , ~ ~ .
isv tV17`+c~S :.HE2;OF. rr.~ s~d Aa.:;r'.T:,%.Gi;= has cere~~to se+ n.s hard ar.d see~ the ~ay and year ferst afwesaid.
f Signed. $ta;ed and de:ivered in th! pres?ntc oT: •
~ ~C~ y 6 c c'Z ~ 4~ •L ~SeaO
( - ~ - - r~ (Seal) .
_ _ (Sean ~
- - - - - Sa ie ae ric ~a~
T= O~ FtORIDA ~
u.
:':?Y OF _SS~-LliCle ~
Toru •tyrick
ba.'ore rr+e personallY,dPveared - - and
$~ll le ~ae ~'~yr1Ck~_ h7s wife, to r~e well known and knawn to rt+e to be
:ci~v~dua<s descr~b~d in ar.d wYx± _,eewsrd tha forego~~g instr~me~t, and acknow:edged before me that they executed the same for the putpeses
n expressed. And the sa+d _ ~ 111@ ~ta e~~1y I1C~C
. ~i the s~:a _ _IQa _ ~~rick_ _ _ _ _ , upon a separate and private
:.a~ o~, by me ts:.en sepa+a~e ar,d a;~art from hzr sa~d h~star.d, ac~notiied~ed to and befo~e rrK that a}~e exetuted said instrument freely and votun-
• , ar.d a~~hovt any coT~:::s:on, constnir.t, apprehans.on, or fear of or f•om Fer sa~d hosban~_ 't
~ :'ltTt~~SS my h~nd and oificlal sea~ lhis- 8th-- - d3y °f--, 'Iuly _ A. D. 19 74
~
~ -
~ tiotary Pubiit in and fw the Sfa of Flwida at large
-
- My Comm~ssion expires: , G.~ J
~ Re7urn To:
~ ~st federal $e.i:fgs a loan ,:sso:iat.on - '
n Q~Ci{~KOG
fortOP:••cat Fi~'~da FSLEd ;,V~~Tr f _ ~:.i.~~~ ' . -
ls~~~~
S1• ~F CO aT _ '
ClE ~',-3 ' ~ ~
Robert A. Swisher, Jr.~'~`~~P~~ " :
This Instrument Prepared By ~ v3 ~K ~1L~ : '
F~rst Federal Savings 8~ Loan Associ~tion 1i1 9 _
of Fort Pierce , F1oT ida 33450 Wn' . ,
~ . ~ _ ' ~
- `~~~kP~ By~-- ?~864 . . : ~ r.-s-
.
24 ' ~ ' `
:
o a ~~-~~:l~,~„~,.~~
600K ,
c sw
~ N~ ~s--b.a x,:; - _ ` - + • - - - -
;wR ~ :
~ . s~ ~.a.~ . -5
~
. _ x4. f"~~ ~ _ _