HomeMy WebLinkAbout1502 To placs a~d co~~nnu~~i~y Meep on ~he bw d~ngs nu~v or f~r~~l~r~ s~r;,ate on s~~d :a:ui and on a~~ rqv~w~rn~ and perso~at~y coyered by eh;s n:a~q-
egs. w~~h afl prem~w~~s ~nr~con ~.a d,n iutl, L~e insu~an<e ~n ~t~e us.,al s~e~derd po~~cy form, in a sum app:ov~~d b~ rhe MOk,v:.GEE. ar~d w~~~dsto~:n
:nw~ance i~ ~Ae us~al standerd po:.<y lorm, in a ~um api.~uvrd by Ak~RTGAGEE, in ~„ch co^~P~^Y a~~~~'V~n~es as ~he MORiGAGEE ~*++y
d~retl; ~nd sU (ire and w:nJ~eorm ~nsurance po~~c:~a oo any o! sa~d b,~~d,ngs, any interest the+e+n o~ Fart thrrrui, fn ~he agg~ege~e s~~n +fores.~:d a
in eaccas thr~cof, sha~l wro,m the usual sta~da~d morrgagae c~ause a such o~he~ clause as tM Alortgagre may ~eq~,re, rttia?~np ~t~r toss unJ.-~ a~~d po~~
c~es, each and evrry, para4!e to sa~d S1JRiGA~~:E as ~~s ~~~r~cst may apprar, and each a~~d every t~ch ya!~cy •h~1t hn pr:rr.p~ty ess g~~~d a~~d de~~rer.•d ~o
any FKId by sa~d 7.SORtGAGEE as fu~~hc~ aacwiiy ~o sa~d mo+~9~e drbt, and, ~.a !ess tha~ ten 1101 da~s in adva~xe ol ~he e¦p~~er~o~, of eech po!~cy, ro dr
i~ver fo seid A10RiGAGEE a re~i.:we~ ?hereof, toge~her w~~h a ~ece~p~ 10~ the pra~~~~um of such renewel; a~~d ~hrre shall Le no Gro o. w~~~ds~c+m i~s,,rarKe
pl~ed on ~ny of sa~d bi~!dmg~. any in~ereat thrre~n or pa~t ~hrreof, uniess in ihe form ~nd wiih ths toss paYabte as a~oresaid; and in thc e.ent an~ sun
of money txcanes payaC:e vndrr wch poGCY o+ F~!.clcs sa~d MQ4~GAGEE stia~l haw ~h~. ~~~~on ro reca~Ye and apply ~he wt~~e on accw,n~ ot ~ne n~d~bt••d-
nrss secwed h~rtby w te+ prrrn't s.~;d MORTGAGORS to rrcr~vr and use il a any p~r? Iher~~oi lor o:n_~r Hur,.,,s~s. 1+1 Ji .~~~r1 cr :~.p.,~r
1r,g any eq~~ty, I+en a~~ght unLrr w by virt~e o~ th~s ~~o:~g+ge; and in the av~n+ u-d MORTGAGORS shall tw any reason (a~l to keep rhe se~d pte~nis-a so
~niured, o~ fail to det:vnr pranpdy any of said po?~c~es of 1r.surance to sa~d MORiGAGEE, o~ fa~l p:on,p~ly to pay tu.ly any p~r~~~wm thc~etw w in any
rr:pea lail ~e parFwm, dncha~ge, e~eecu~e, effeu, compietr, compty w~~h ~nd ab~de by ~h]s covenan~, a any per~ herrof, s~~d MGR7GAGEE ~~~ay p~ace a~~d
pay iw s~ch insur..nce or ~~y part ~hr~eof w~thout waiv~ng w affecting any ope~on, lien, equ~ry, o~ nyhr undrr u by v+*~_~e of ~h~s ~do.fg~ye, and :hc
f~il amcwnt of each and e.ery wch paymrnt sh.+ll br immed~ately due and payable and shaH bear interes~ irom the date the~eo) un~il po~d at the rare ol
mne prr ce.uum per e:inu~~ and to3rtha~ M~rh such mteres~ ihaii srwred by the lien of this mortgage.
1. To permit, comm~t o~ suffer no waste, impa~nnan~ w deteriore~ion oi said propetty u any part thereof.
5. To pay ali and s~ng~lar rF.e cc+s~s, chargea and expnues, ~ndud~~g a ~easw+able anorney's fee a~~d cos~s of absrracts o( tiNe, incurred or pa~d a~
any tima by s.~id MORTGAG:E, bewuse a in tAe evem of the la:lure on the par~ of ~he sa~d MORTGAGOR to duly, p~anptty and fu~~y pc~~orm, d~scharge.
exec~u, ef(ect, compfe~e, co•x,ply wah ar~d ab:dr by each and eYe~y the st]pvlar~o~s, a9ree~+~enrs, condit~ons, and covenams oi sa~d pron~isO~y ~ore a~~d ~h;s
~'JIt9~C irly Of l~~~"~, a~~d sa~d cesrs, tharges an~ expenses, each ~nd evz~y, shall be immrd~atrly due and payable; whrther or not thrre be nonce da
rund, auempl ro to~lect o~ suit pend~ng; and !he fu~l amount oF each and every svch payment sh,?11 bea~ intrrcst from ~he date thereaf until paid a1 ?i~e
~i nine per cantum Nar an~wrn: a:~d a11 said cos~s, cha:ges and ca;.enses ~ncurred or paid, together w~th such m~eres~, ahall be secured by the I~en of th~~
mo: tgage.
b. Tha~ (s) in t1+r event of any brtach of this Ma~yage ~ aefault on the port of the 7~tORTGAGOR, o~ ~b) ~n the event ~ny of sa'd sums of mo~ey
here~n refer~ed to be not wan;,fty and futly paid wi~h~n th:rty 130? da~s ~ext ai~.r the sa,z~e se~rera!ty betor::e d~e and payabte, wnhout demand or no~~ce.
ar ~c) in ~he event rach and every ~he shpu~a~ions, agreements, cond~nons and covenants of sa:d p~om~aacry notr and t}~.s mortgage a~y or e~~he~ ue no1
juiy, pranptty and fudy perfwmed, d.scharged, raecvted. eiteued, comp~eted, canpi~ed w~th and ab~drd 5y, ~hen ~n e~ther or any such eve~~ ~he sa~d ag•
grogate sum mentaned in said promissory n~te then re/naining unpaid, w~th inieres~ actrued, and all rtaneys sec~red he~eby, s~all become due and pay
eb a fonhw~th, a thereafter, at fhe oprion ot said h10R7GAGEE, as tuily and completely as if a~l of the sa~d sums of money were w.g~nally snpotated
ro be pa~d on such d>y, anything in s~:d prwn;s:o.y note e. in this 6lorrgage to the con~~ary nof.v~~hstand~ng; and thereupon w ~hcreafter at the opt~ai of
s+ d MORTGAGEE, w~tho~t aohte o~ da~::_nd, su~t at law or in eq~1ry, therefwe a thereaite~ beg~n, may be proucuted as if all moneys secured hcreby
n-d maWred {u~or ~o ds instituuon_
7_ That in the event that ar th~ beginning of or at any time pend~ng any su~t upon th~s Mo~tgage. o~ to foredose il, o~ to retorm it, o. to enfo.ce
(-dyTCO~ of a• ; d.,ims hr.eur.d:.•r, sa~d lVNORTGAGEE sh~li apply to the Cour~ hav~ng ~unad:cr~o~ thereof for the oppo~ntmenl of s Receivrr, w,h Cou~t shail
rc••hwith app~int a recei,.er of said mwtgaged property all and singular, intlud~ng a:l a+xl su~gular the income, profds, issues and revenues lrom whatever
s~.,~cr drrived, each and every of wh~ch, it be~ng e:pressly ~nde~stoed, is t.ereby mor~gaged as if speuf~cally se~ ionh and described in the g~ammg and
h~i~end~m clavses herrof, artd s~ch Receiver sha~! have all fhe braad and effecf~ve funu~ons and powers in anyw~se emrusted by a Gourt to a Rec.:iver, a~~d
s,ch appointme+it shaii be mede cy such Cowt as an admitted eqvity and a matrer of absolute righ~ ta said MORIGAGEE, and wi~hout reference to the
a:
,qu;cy or inadeq~acy of the va!~e of the proprrry matqaged or ro the sa.vrn:y or ~nsacency of sa~d fAORiGAGOR or tAe def~ndants, and ihat such
rr~r:, proiin, incom.e, issves and revenves shall be appli~-d by s~ch Receiver accord~~ig to the lien w eq~ity of said MORTGAGEE and the pract~ce of such
Co~rt. ~
B. To du!y. prompdy and Iuily perfo~m, discharge, execute, effect, corr~lete, cc.mply w;th and abide by each a~d every the atipulations, ag~ee~nents,
:~nditions and covenants ~n se~d prom~sswy note and th[a mortgage set forrh_ '
9. That in the event the ownersh~p of the rrar:gaged prrmiazs, cr an~ part thereof, becanes vested in a person other ihan the MORTGAGOR, th~
:..;RTGAGEE, its wccesso.s and ass~yns, may, w~~how ~o~ica to the A'•ORTG%~OR, deal w~~h such wccesso: w s,;ccessor ~n ~ntereu wrth refrrence to fh:s
n.crfgage and the d_bt h~reby sec~~ed in the same manner as w~th /Mrt~ago~ w:thout in any way vit~ating or d~scha~g~ng the /dortg,gors' tiab~iity F~rr
;:i~•r ~ ~pon ihe debr hereby s~~c~red. No aale oi tt~e prem~ses hr.rby r.:ortgagrd ar.d no fo:bearance on the pan of ~he /~IORIGAGEE or its successors
o~ asvgns and no eate~s:on of rhe t~me fo+ the payment oi the debt hereby aecured g~ven by the MOR1GAGfE o~ its wccessora w au.gos, aLall operate
ro re~ease, d:scharge, mod~ly change or affect the or~g~nat Lau.l~fy of ~he MORiGAGOR here+~, e+ther in whok w in part.
10. It is spe:~(:ca~lt ag+eed tAar time is of the essence of ~h~s co~tract and ~hai no waiver of any obttqaror. hereunder w of the obligation sr
c..~•ed Fxreby shafi at a~ time tnereattn be hc!d ro be a wa~ver of the terms hereof o~ of the ~ns~rument secvred heroy_
1 t. In ~3! ~.^z ~o rh~ ~o.e~c ~~g e'~onth!y pa~men!S of pr:nc p~l and in%e.c:~ re~~~red by rhe prom:ssory nore sec~red hereb~. mortgago: covenants
: i~grees to ~ey to r:o-~g ~g^e .+~ih eacF. mcn'h'y pa~r: ~nt an ocid.~donal su•n is~ ated by mortgagee to be equat to 1 12 of the annuat cost of tFw ioS~ow-
A-:.li ~Bal proyc~rty tax_s iev~e~ w asses::-ci ag3i••st tn: aoove descr~ted c:tate.
B--Fr~~-„~„•ns on f~re ard v.;~1dsro~m ~~~surar.ce rz n>:e~n requ,r_•d to be ca+r~:d en tne ~m;;~oveme~ts s~tvate on thc above d_scribcd prem~ses.
C-Fre~n~ums o:+ svc!~ mprt3age guar~nty dr.~rar,e as mortgagen s!~a:l froT t-r~ to t~rne deern fit to carry on the ~oan sewred hereby.
ldortgagec shaii Erwn t~n,e to t~me notify mortgagor in wrihng of the a~rw,~t d:,e and pa~able hereur.drr a~d such s~T sha{t ihereupon be d~e and
:ble on rhe d,,e dare of rk_ ne.r month.~ pa~~*+ent and each s~_ces:ive :ne•:rh mereaher un~~: mortg3gee shatl not~fy mortgagor of a char.ge in such
G ~,nl. Such s~:ns s~ j:? !-.e api:i~rd b~ mor!ga^y~:e !oward the payment of real prope~ty taaes, inwranCe prem.vms, and mw7gayt gvara~ty inwrance
( . ~~:-~~ums.
` iN Lv1TriESS :JHER~OF, the sa~d ti~ORTGAGOR has hereu~to set his h~r,d and seal rhe day and year first a'oresaid.
l ~
~ S6gned, aled a~d delivered in the se~ce of:
~ ilt°_~, iM: ':~.Ok~EO ~ ~ a~~
ST.LU.r.~C :.~•~KTY FLA. ` (Seal)
~ _ ar.c~. -~,?s
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oc~~:• ;E -
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5;~7E OF fLC~RIDP ~ ~,u~,a g 3~ ~H ~
:.;U'~TY OF _ St . Lucie I ~Sc A p0
Ronald J. ~arroll ~~Y~~
Before me persona{ly appeared a~
MCfld M. Carroll his wife, to me well krwwn and kno•arn to me to be
~ individ~ais descr~bed ~n and who executed the fwegoing instrvment, and acknowiedged before me that they executeci the same for the purpos:s
«~•e~n e:pressed. A.~d the sa~d__-~Ona M C~rroll -
of the sa~d j~Unald i C~~rrnll upon s separate and priv~te
e.3~::nation by me taicn separate and apart from her said husband, acknowledged to and before me that she exetused said instrumem freely and votuo-
~ and w~thaut arry coT,pu's~on, constraint, aFprehens,p~pr fear e( or fran her uid husba:xl. .
WItNE55 my hand and ofRc;al seal this_-~~'~~" - day of- ul A D: 79~i1'4 ~
~ i'lii.l~;,
/
tvotary Public in and" for t tate of F{o~d~ `~I'
v ~
My Comv~~ssion sxpires: . • "a7~. ~
~ Retum io: _ - ~•Ai ,!t ~
~y ' . - • "
F.nt Federal Savu~gs S Loan Asscuat~on ^ • ~
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Of Fvri P.~:ce. , -f ~ ' ; Q =
~ fort Pl,~r:•~. Fio~ida ' - ~ ~ ~ q
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This Instrument Prepared By Richard K. Kayes
First Federal Savings 8~ Loan Association _
of Fort Pierce ~ Florida _
Checked By
cr`,F G~ ~
R z~9 'r~ 150
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