HomeMy WebLinkAbout1669 J. To p:ice and co~tinuousiy ksrp on ~ha bui d~~~s ~~ew w he~eafra utu~Te on sa,d lu=d and on aR ~qu~p+~+ent and pc';%~afly covared by this mwtg~
ege, w~Th all prtmiums N~ereon pa~d in lv~l, 1,re ine..ran.'r m ~he ..sval iwrd~~J µ,!~cy to~m, in a wm ay.provsd by ths MOR~GAGEE, a~d w~+xhtwm
~~s.,rance in tM u~wl i~rxlard pc~•cy lam, a aum ~ppro+rd by ~ha MORT~,.AGEE. in iw.h company o~ con+P+~~~~s +s ~he MORTGAGEE may '
d~rrcr, ~„d all (K~ a~d w~nds~wm insurancs poGc~es on a•~y of e~~d E~.~~d~.~ys, iny imer~s+ tF,erein w par~ ~M:reof, in tAe ~gy~rg~tt wm aforesaid O~ .
~n eictss Ihtreoi, shall cortsin iFr va~al a~anda~d ~*wr~gag~`e c~iuse w auch o~har u.+~se as tM A1a~yayes nuy requ:re, maliny ehe !o» w~dcr sa~d po~i-
Ges. eath and every. pa~ab:a to se~d h1dR1GAi,EE as ~ts ~rn:~.st may appea~, a~ci rach and eYC~y svch po~~cy ahall be prwnp~ly assg~~cd a~d dr~~~ered ro
eny held by u~d btORiGAGEE ae fur~F~er sccuu~y ~o sa~d nwr~ga;~e d~o~. a~+d, no~ !esf ~Fw~ ~ri 110) da~i in adva+xe of iha exp~ir~~a+ a~ each policy, to d~-
I~ver to u~d Mt7RTGAGEE a rene~val the~co!, to9ciher w~th a rccr~p~ ~w ~h~: p~r~~~•~m oi such re,~ewal; and tha~t shall b~ no f~re or wi~.dsTO~m inswanc~ .
pleccd ae any ol sa:d bo~~dinga, any i~~e~es~ fherom w part thrrtof, u~ii~ss ~n ~he lorn~ and w~:h ~he lou payable as aforesa~d; a~+d ~n ~F~e avenl anY sum
of ~,on~y bccanes parable unde. wch poticy a po6cies said AtORTGAGEE shall I~ave ~he opt:on ~o ~ecr+ve and apply the aame a+ accou~u of ~he indrb~ed- ,
nrss setv~ed he:eby w eo permit said IAORTGAGORS to ~rcti~a a~~d uie it or an~ ;,:-t +he:c•oi fo~ om~~r pur}csrs. v..ii.o.,t th~•.a: ,...w~•3 or unpau.
ing any eqv~ty, lien or r~gnt u~~dtr a by virtue of this mortgage; and in the evcnt w:d M0~2TCs~1GORS shalt fw any reawn fail to kerp ~tk said p~em~srs to
~nsv~ed, w lail ro dei~ve~ pranpt{y ~ny of uid po~~c~es ot inw~s~ce to ss~d MORTGA3EE, w fai! p:omptly to pay-luily any premium ~herefor a in a~Y
re:pect fsil to perEorm, d~scharge, exrc~te. r~fect. canp:rte, co~nply with and ab~de by th~s covenant, o~ any part hrreof, sa~d MORiGAGEE ~~ay p~ate a.~d
pe~ (w such insuron:e or any part ihereof w~~hout waivi:.9 or ailec~ing any op~:c~i, Gen. equ~~y, o~ r~gh~ vndrr cr b~ virfue oF fh~s A~atgage, a~d ~he
i~;~ a~„a,m of eacA and e.e~y such pa~mrnt shatt be ~rr,:ncdiareiy d~e o~d W~~b!r a~~d shetl b.>ar in~eros~ from tha date the~eof unul p.,~d at ~he rate ol
e prr Ccti~tum pM anni.m a~xl fo~ethrr w~th ivch ~~~tcrci! sh~i, :x ac.urrd hy the 1:en Of th~s mOrtpage.
0. To pennit, commit or sutfer r.o waste, impair~nent w d~trriorai~on of sa~d property or aoy parl Ihereof.
S. To pay aIl and sing~lu the coats, chargea and ex;+ensra, inciud ng a reasw~.+l,ie atfo~neY's fee snd costs of sbstractf of title, incorred w paid ~t
ti~r.r by sa~d AtpR1GAGff, bccause or in mc event•of ti~a f.:wre o~ thr rw~t oi i1~e s3:d MORTGAGOR to d~iy, p~ompdY a~d fu~~v perform, dacharge.
:<<;~ee, ef~eu. co~r.N!r~e, canp:y w~~h and a~.Je by each and e.rry ~he stipwio••ons, agr~~emenn, cond~nons, aad covena:~?s of sa:d pro~nissory note and this
;•~;a~e any o~ e~+he~, ar.d aad cosu, tM~ges <-~d e~p~nsrs, each and ev•_ry, shatl be ~m:r.rd~dtely dua and payable; whether or not there be no~ke d~
anrmpt ro cot~M or suit pend.ng; and the fu~l a•no~nt of each and e~•ery such payment shatl bear interes~ frwn the date ~he~eef until paid at the
n~ne Exr crnt~m i~r a,i.w:n; e:~d ali sa+d ccsn, ci:~:3~•s anJ c.,.e~}srs ;ncurred or ~w~J. eogciher ~v.th suth imerrst, sAall be secured by the t~en ol th:s
n ortgsge.
6. That (a) in the c.enr of any breach of this 1!o~tgage or driault o~ ~he na.t a~ the V.O~TGAGCR, w;b) in the event any of sa:d wms of moaey
h~•c~n refrrred ~o be not prw-:Ffiy and f~lfy pa~d ..~~F:~n in,r~y {30) dsys nex~ a~~..r tnc same se.c~a'ly beton~~ du! and payable. wi~hoW dem+nd w notice.
~r ~c) ;n tt~e r+em each and eve+y the s~ip~~arions, a~~erments. cond~r.a~s and covenjnts o1 sa.d promisso~y note and tha mwtgsge a~y w eiti~er ue ool
FranpNy a~d fviiy re~fo-~~ed. as:±~rrg~_d. e.~c~t~~d, ef~rc!ed, can,:ercd. c~,np:,eo v.~~h and aL;d~ 5y. then in e;ther w any such event Ihe sa~d ag
,-~:.~~ta s~m ment~oned in sa~d prom~saoty note ~nrn ~r~:~a:~;:~g vnpa~d, v.i!n i~.tere,t a:accd, and atl mo~YS sKured hereby, thatl betome dut and pay-
rc e forthwith, or thereaffer, at ~F~ c,p'~e~ of s~~d AtiORTGAGEE, as fv~~/ aud .-c:hrirrety as ii aU oi tl,~ soid sums o; rtwney were o~~ginally st:pu:ated
• t~- ~:d on such day, anything in s~d prar.:ssory note or ~r, tn~s Mori9a~~- ro tM• cor~r.ary r~o~:v~th:Ta~~dh.g; and thereupon or thereafte~ st the opt~on of
s, ~!AORTvAGEE, witF.cut not~ce o• drmar.d s~~t at ~aw or in eq.,nv. ~he•ec~+e or ther~•alrer begun, may be p~oxcuted as if all mooeys secured hereby
. :nasured pnW lo ds inst~tvtipn.
7. That i~ the event thet at the be3inn.rg cf cr at any '•n~e pe~iJ~~~.~ any su ' vpon tlus Mortgage. w to forecbse if, o? to reform it, or to enfo?ce
,,.-_nt of any C~3:'TS hereu~dcr, sa~d :.'.:.~RTG:.~c_ s:a'~ = pply !he C^~r! i~s~~.:g ~.~nci•<tion thzreo~ fp the appoiotmeM of i Receiver, suCF1 Courf shail
~h ap~~o+nt a r~ce+ve~ oi s~~c1 mo•tt)ayed prc:~~~r; a!I a~d 5:~'yl,~d*, ~n:.~d.~:g •~~~d v~~gular ~he ir.conx, p~ofns, isaues artd revenues from whatever
,,i~•n.•ed, racn arxi every of ,nl;:c~. ~r f,e:~•g :...press y v•,dz~a•c:.~. ,s r:•cb~ r o:!~eged ai if spec;lica:ly set (ath and dexribed in the g~anting and
~.dvm c:a.~ses hereof, ar.d sucfi R~•cer+er stia+i ha.e af; t!~e br,;ad ,•~d r}t=xt~.c i~: c.o~.s and powrrs in anywise Mtrusted by a Court to a Rece~rtr, and
pa~:'ment shail m.ad by such Cewt as an ad:n~ttcd eqvisy a~,d a~~ srce~ e+ : bs:::~tc r:ght to sa+d MORTGAGEE, and v~ithovt reference to the
,_.:cy c: ir.adeGuaty of the vawe of •h~• preperty .r.orrg.,ged or !o t~~e c~ .~~_o:;~•ncy of said MORiGAGOR p Ihe defendants, a~d that sueh
•s prot.^.s, ircome, issues and rz.ee :es snr.i ce app~~ed br such R~c~••ver a;c.,r.i.~:~ to ih~ lien a e~u~~y of ssid MORiGAGEf and ~he p~att:ce ol such
_rt. _
3. io du'y. promr.t:y a~d fulty perform. d~scharg?, e~ecute, effe:!, cemp:e~e, te~~p~y w;th and abide by each and every the stipulations, agreements,
,..,:;ns ar~d ccvertan~i ~n s~:d nromissr~ no+e :and t'~:s :^crrga3e set lo:th.
9 TF.:.r in ~hr event ~he o•a~~ersh;,. of rhe ~.o:tyaged pre:~~:ses. o~ a:~y Far~ therco~. Eecomes vested in a person other than the MORTGAGOR, the
. ~.•:.v:c. ~•s w.c~ss.rs a^d asz.3~~s. *>»y, w:eh~u' ~~c~ ce to ~Re ::uRTGr~~. dea~ w:~h s~ch svccessw or svccessor in inrerest with reference to this
~-_~3c a~•d riie d:•ut F_~reby sc~•r•ed in tce same r.•an^er as .:.'h 1.1~•S3agor wrthoul in a~~y way vi1•atir~g or d~xharyirr~ the Mortgagori liabijify htre-
or vvan rt.e d_bf h_rr;;i se~..red. .`:o sa'e of re trr+.e-~s hcrroy rno~ta~ged ard n~ io:beara~ce on ~he parr of the 1AORTGAGEf w its suceesson
,-s-ard ~o ex~crswn of +hr n~~: io- rhe ~+;:.~c~:~ cT r%~e .i;:b~ hrre~:. sec~~ed g~.•en by the 1dJRTGAGEE or iss wccessws w ass~gns, a+`ail operate
c,se, d.scharge, muJ~fy chang~ or a6Fect ti~e cr g.~•~: :;•:i~.~.ty oi ti~e R,vRIGAGOR tje~rin, eithe~ in whole or in pa~t.
10. It is spec:fi:a~'ry ~gr~rd ri,af u•ne ;s oj ths rsserc~~ of tb s con'rad and that no waiver of aoy ob~:gat~cx~ hereunder or of the oblgaYan sr
.d h.reby sF.at~ a~ aop tirr rt~~r_•afi2r Le ne:~ to be a v.a~._r ci th~ 'erms her~vf w of the i~utrument secwed herby.
11. In add +~o~ ~o r:a io:ego ::o •~:o^'h n+s o! y~•: ; a:~d : rr~ st .e?:::•_d 'oy ~'r_ pro~r. sscry rtote secured he:eb{. mort~agor eovenants
,.,~••_es to pay ro m.c~?g'9ee F~, .a~ed b~ r..rtgagee to he equa! to l; 12 of the annua! cost of tFw foilow-
~-A?I real ~;roperty ta.~s ;r.~:_cd or ;,zzcss_=.i i~•:.st !hc .~..~,e d.~s••~'_..ti rc-~~ es•.,te.
Fc ,,~s cn ~~~e d ,..•.d~.~. ,r:s~.r.v c~• . s ne•<.;,: . _r ~ ca-•:..d c . ?i,e :m;.roverne~ts s~r~ate on the above d_scribed p~em7ses.
pre;.•i„r,s o.^. svch m.^r::;,=.~e g~~'a'~tf ~esu-ar:c .,S ,r:,-~ga;e,: s^e:l ire~^ ::^s^ to ti,^r dcem fit to carry on t1x ban secured hereby.
4 '.lo~:go3ee s',~ .^-e to m•r-r' ~:c':i„ n crr_:.e3o- +r:r.~,g a` a• x•,r ~r,d paya6fe hereundrr and s:,ch sum shaEl !hereupon be due and
on rhr cl.,r as•-~ ei •thn ,_•.et , n-~:*:.-.,r a~:3 •:.c~ s..cc'=:s~•:e ^ o^rh rb_:eaf~~r ~~r:til mortgagee shaif notlfy merrgagor ~f a change in such
j e~ Such s„ms st~, ~ 6e a~; ::c:1 by mo~~~~_ _:o:.ard the ~a,n•r^t of re~! proFe•ty taxzs, insurance prem.ums, a~td mortgage g~aranty insurance
. . ~_~~r.s.
iN ~JRPJESS :=H'RiOF, t~,e s~:~ MOR+v:.C?J~ has nere..~ta se~ i:is ha~ d and seai she day and year fint aioresaid.
SE~ed and ,dei~ve,
!e ~n the prFsence ofc ~ / I+t/`~"~ -
l,~J d,-+.~ ~'i? G (Sesl)
. Joe McGee _t~,i~
- ~ - - ~ ' ~ ~ ? n u -(Seal)
~ ~1X ~ B• MC~C ' lSean
~ E OF FLORIDA ~
St. Lucie
, ',;r:TY Or ~
Sefor~ me persor.a!ty aPpaared T• McGee and
~1X~Q B• MC~@ his wite, to me well known and known to me to be
~-.d~vsdva:s descr;bed in and who executed tn~ forego~ng iastrument, and acknow:edged belwe me that they execute~ the same for the purposes
•_•e'n expressed. And the saia- _ Dixie B• MC~.'wp
of the said _ _ __~Q@-~a_ M~e - vpon a sepa.ate and p~ivate
r.~t~on by me ta~en separate and a~art frorn her sa~d husba~d, acknowtedged to ar.d befo~e me that s'ne exauted said ir.strumeN freely and ~olvn-
, and w:rhovt a~y co,npv:sio~, cocstrai~t, aj:prehens,on, or fear of or f:c~n her sa:d husband.
:VIi:dESS my hand and off;c~a! seal th:s. .._~n day of-_-- Jul~/ A. D. 19 74
J~ . ~ `.~+E~~J
C:c:ar~ Pub:6c 6n s^-~ to: !h= 5!ate florida at Lasge
' My Commission expires: ~ p''~ t7 - 1~~
~ Retum To:
:r.st Fede~'~ Savi~~~s S Loan AssocPat:on
~ Of co•t ~:~~I:f`~
Fort P~e~ce. Fio-~da fILF7 '.H~ E:' ~C:~flE~ " j~'':~~
~ :'JN7Y f l~• ~ - ~~i
ST. RUC:~F r':ITRAS _ - I'~~j:
C:_c;~r ~ :JtT CUUR7 ~ _ i: I~I• Z
This Instrument Prepared By J, H. Robeits JZ:`~~ r'~
• : ~
F~rst Federal Savings 8~ Loan Association Au ~ : .
of Fort Pierce Florida 33450 ~ ~ ~ ~ ~2 Nn _ _ - N °
,t . G
v ~s~ 3- ~ i
- ~ ~i
- Cnecked By ~ - ~ .t,.:
~s~ssa ~ = -
aoax229 ~1669 . .
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