HomeMy WebLinkAbout2441 3. To plac~ and com~nuously keep on the b.,]!J~~~gs now w t~errafesr s~tuate on se~d land ~~d on at! eqvipment ~nd penona~~Y COve~ed by t~t ~19'
e~e. w~~h all p~eTwms ~hereon pa,d ~n fuil, Grr ~:~swa,~ct :n ~he ~swl va~kia~u ~~o!rcy torm, ~n • su~n ap;xoved br MORIGAGEE, snd w~~dsram
~~s. -a,~ce in ~he uwal sta„dard poi;q lam, i~ a~~m ap,,ro+rrd Gy ~he HtORiGAGtE. in such company o~ compan~ei as tM MOR(GAGEE e~uy -
d r~ct; and all fire and w:nJsw~m iniuronce po~~c;~s on any of sa~d bu~~da~ys. any inrereat therein or pa•~ ~h.:reoi, in ~M a~qrryat~ ium ~laesa~d or . J
u, e.ceas thrreof, shall :~oea~n ~hr uwal s~anuard mo~~yag~ c~ause w wch e~her c~~~~e as 1~~ h\aryagee may requ~w, md~nq ~he ~oss unde~ sa.d po~t , r
oach ~nd c.cry. pa~~b'c ~o said Mi~RiGAGEE ss ~~s i,ucr~•st may appaM. +~d ~ach i~~d every sucA p.:s~cy ahall ?x promptly ass~g~~rd ~~~d da ~v~KCd ~o +
a:; held L•y sa~d A10RTGAGEE as (urther srcufty ~o sa~d n:w~~age dcu~. ard, not !css tFwn tan (10) dr~s in adra~xe of the eapu~~~on o~ eeah {wt.ty, to da
.e~ to sa;d A10RTGAGfE a ra~cv+al thereoi, toqe~hs~ w~th a rrc~~pt fw tha p~a:r~~:~m of wch re:~ehal; and there s1u11 be ~w 6re o* winds~onn inw~~nt~ r•
~-,.etrd on any of sa~d bu~~d~~~ys. anY ~n~°~eat ~he~ein w par~ thrrrot, unt~si ~n +h~ icrm a~:d v`~~h Ihe losa pay+ble as aforesa~d; and ~n d:e eYent any sum
c~ oney bccomes payab~e ~ndcr such ~.olicy or po~~cies se:d Ma~RTGAGFE shaN h•ve ~hr opt~xi Io recaive a~d ~pp~y 1M s+^m o(? ~tt°~^~ of Iht ind.iDted-
n~~s sec~~ed hrr~by or !o pr~mit sa:d MOkTGAGORS ro reeeive a~~d use it w a:~y F>..•~ tr.t..~o1 for o~r.er Fw~!~osrs. .•.,~no~t ~h~~eu: ..~~•~.y o• ~~~~pain l
~~,y cq~~ty, Gen or r~g~e undrr w by vnwz of ~his mo::ga9e; and ~n the event sa.d MORT,r,AGORS shatl for ~ny reason fail ro teep ~he sa~d ~emari w
~.<<~d, w(eil ~o de:~ve~ p~o~~p~~Y +~Y af sa~d poLues of inswsnce to se~d A10RTGAGiE, or ia~l Exomptly to pay 1~1ly any p~a~~wm tAerefa o~ 7~ +~Y
- ~cr feil ro pe~fo:m, d~aihar~e, exewtr, e{fect. ta+~plc!e, cc:i:~.ly w~~n a:~d ab~.le by ~h:s covana~r, a any pa~t A.~~eof, sa~d MORTGAGEE may piste •~~d ~
p~~. io~ wch insur.,n<e or any part theceol w;rtxwt wairi^g w a4fcu~~g any op~:a~, lien, cqu~ty. w right under w b~ virlue ol this Matgage. and tFx
_ a^~M of each and ever~ wch payment sh~t: i~e M~~ned~att~y J.,e a~~d payao'e a:~d sholl brar interest trom the date thereof unti{ p~~d at tF+e rat~ o~
~~,rr ccnt~m per ann~.•. ~:~d !o~rth.>r ,~~:fi r~ch :nte~tst s.•_~r.•d by ~he t:rn th~s mo~Igaga:.
3. io per~nit, tommit or suffer rto vrasta, impaira:ent or dctrt.ot~t~on of aa~J E••cNerty or any part theraof.
5. To pay a~l and singular the cuats, char9ea and expertses, incwd.ng a reaso~~~Lfe attwney's (ee and costs of ~bstracts of titler incu~red or W~d st
r, by sa~d MORIGAG•.E, because a~n +?x eve~~t of the ia :vre on ii~r p~rt ot ~ha so,J hSORTGAGOR to duly, prar.Ntly a~d fu~iy perform, d~scharge.
,,,.e, ef(~~ct, tanptcte, canpty w~th and a~.dr by racF. and rvery the slipu:dt~ar~i, agre~•~ncnts, co~d~t~ons, and covenants oi sa~d p~aniswry note a:~d thii
•r~,ge any w e~ther, and sa.~ cos», cha~ges a~d rxFrnsrs, each a+±d eve:y, shail be ~n~rr..•diate~y dve and payable; whether w ~ot ~he« be ^o~'~e ~ ;
attempt to co:~ect w suit per.J~ng; and the tud o•.^.ou~~t of each and cvrry svch payment sMil bea~ imereat from the datQ thereof vntil ,~a~d ~1 the ~
• nine per cer.tvm ~~r.r .:n:w:~~; ~:~c! a~1 aa:c3 cova. ehc ~es ar:d cx;~rr.s•s :ncvrrrd o~ Fa;~. t~x}ether w~th suth interoat. shall be secured by the ?~rn of thb ~
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.-r~a.~ge. ;
6. That (a) in the evrnt of any b.each of rh~s M~:tgage or Jefau:~ o~ ~hr pait ef tf.a A10RTGAGOR, or ;b) in the event any of sa:d svms of money i
~~~n referrrd ro be not Man:pely and fv:~Y E»~d v.~rhir. ~harty t3~J) daYS ~ex~ att~~r tt~e sa~.e sc.•era':y become due and payable, w~~hou~ demand w notite, ~
~n tha event each and every ~he s~irw'at~ons, aarre~ne~its. cor.d:f~~~,s a~~d cuvenants of sa.d p+an;ssory no:e and th~s nwrtgage any o~ eithe~ +re nW
.:+o~•:priy a~:d f~;{y prrionned, d,a;~,•~,d. cae:~~~d. rfieucKf, c~;~;::et~•d. ccm~:..ed ..~eh a~:d ab~ded `~y, then m e~ther w any such event the s:.d ag ~
,:~.~`a sum mentioned in sa~d pto~nissory ncte ti~an ren.ain:::g W1~:n1(~, K~(h in•e~r,t az.rurd, and all rwneyt Secured hereby, Shall betome <Iv! and pay- i
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_+cr!hwith, or thereafter, at the ep•~on oi s:.d I.SORivAGEE, as tu:~y a•xl cc.*~~cr~..•'r as it ail o( thr said ivma of money were w~g~~a~~y slip~lated ~
, • c•~ d o~i such c::.y, a+~yth~ng ln e~ a p:u:~i~sior~ ncte er :n fn~s Nor~oay= To ~!~e con~~ary nutx+~hs~and~ng; and therev{wn or 1i~reafter af ihe opt~on of
t•'~KivAGEE, wrtho~t nonce o* dr~:~+~:.~., s~~! at ~aw or in eyu~ty, thcrefure cr thercaiser br9un, may ix prosecuted as if all nwneys secured heteby j
~~~r.~d pr~or tc ~~s inst~rutcon. `
7. Ih~t in ~he event !ha~ at tl+e be~inn:+:g o~ o~ at an~ time pe~:d~~~g a'~Y su~! u~.v~n ~his Mortgage, a!o foreclose it, or fo reiorm i1, or to enfwce
of any c:~:~r.s herevndrr, ssld vRiv:+v'_! shaL' apF•ly ro t~~~ C~~~t h~~,~.g ;u:~sd.csion tha:reof for the appo~ntmeot of a Receiver, such Court •hall ;
•n ap~.-v~~.t ~ rr;e~.zr of sard ~*_'tga~cd uraa~•ty ati ~ r! s~~3~:ar. ~':c ~~.n~ a. d+, .gwar ~he ~ntome. proG~s, iss~es ard revrn~es irom wha~ever s
s '_~•iv~~d. ea:h a~,ci every of wi:.ch, t;e~r,g e~~~•^ssy ~:~d.rs'~::n:. ,s 'r.reEr~ n.ortyagrd as rf spec•iically set ferth and desenbed in the granhng u+d ~
~ .ri,;m re~ses herro}. :~~d such Recr~:er shail hs:e a:f !he b~c3d a•,d e`ic~':re iur.c~cns and pewers i~ any~vnae entrusted by i Courl lo a Reteiver, and
s.~.~ ~p:pJ:nM~ent ahait be ~r.ade by s.:ch Cov:! as ar. ad~n~tt~d rq~~.y a~~~ a~raner a~ obsc!u,te r~ght to said MORTGAGEE, and witFieut reference ro the ~
-.c~ er inadeqvac/ o! tr,e va:ue of ~hr proNe~?y r^•a•~ye9ed or to so:~r ~cy o* ~~so:.ency of sa~d MORiGAGOR w the defrnda~ts, and that such
,~s, protirs, inco:r.e, isw~s and re~en~es sheil be appu~~d by s~ct, Re:~~.cr a,.orc.~.g ~o tha lien or equity of said MORTGAGEE a~d the p~act~ce of such
_rt.
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5. Te du'.y. p-omp;'.y and fulfy perform, d:scharae, e~ecc~te, e{fec•. c,--,p~r•.:, cc..~,.!! vr!fi and abide by each and every !he stipulatior+s, agreements,
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.::•~s a:,~ wvenants :n sa,d.y~:om~ss,ry no'r o::d +r,s rnrut?~ya s°t iori'~. - ~
9 i!.a: ~r, the eY^r.t the ctinecsh.:c of the r-.o+~3.:aed pre^~:ies, c~ a^y :•3rt fEareof, Eccomes vested in a Nrsen other than the N\ORTGAGOR, the
.""'•1.~E:, +'s x:o:sson a:d aulnz, •~a~, w'h_.,• ~or:~ te ~^e Y.OK~v~-7R. v~a~ such successor or successo~ in interest with retereace to this
~e a~~d ih~ ti^bi hareby cewrrd i:i tt'e s.j~:e i. ; r.. es n,'h 'A~r'yagu• n.ti.ut io any way vitlating Or d~scharg~ng fh! Rtot!gagoti liabilify hert
~ or ucon ti+e dats hc:eu~ sec~:ed tiv aa.•~ u' ahe {~e:*:~sFs h_~ei,; ~~~c~ro;g~•d ard no fo~bearance on the pa~t oF the N10RiGAGEE or its suetesso~s
~..ag,qcg and ~.u exrens~o~. of the h~ne iar tt~e pa:r*ent of tha d~•bt hareby aec~~~ed o~.rr. by tne 1'AORTGAaEE ot its s•.xcessors o? ass~gns, s:ull oFerate
r.•.>se, dscharge, mod~fy change w affecr :ne cr~y.r.31 ~~b.tay oi the l.•.:.:RtGAGt~R herei~i, either in whoie or in part. -
10. tt is spec~f;c~i~y roreed that ri•re is of tne essenre of ?t::s contracs and ~t.at ~o waiver of any obliga!~on he~eunder or of 1M oWigatan se-
-;a h:reby skaic at any ti~-~e ~h-~reafrer i;> ~e`d t~ be a~.~~.cr of t~e !erms he~e~f or of_the :nstrumeM setured herby.
, j~ , , ~.,d vy :he prp~i!swry no~e secu~ed hereb/. mortqagor covenants
.1. In :::i:i t c > 1=,_ r.: ,D ••~or.tn'r : .~I~r _~~:5 v. , C .,r_, -7•:
-;••_es to ;.ay to r.or:g°gee r;:~h each rron+h,f pay~-:e~t•~n a~~i ~tn~! wm ._-s~•~ra*ec :~y mo'tgagee to be equaf to 1; 12 of fhe annual cost o! thc ~of{ow-
A-:.'{ rEal prcpe:ty ~a. rs fen_~ : r. asae_:--d oys~~~ss the „o^~e c!escr~.._d rral es•ate. ~
~
~ ~ F:,~,..~:.s o, f;+~ a~:d .~~;::s:o:-~ ~r.s.ra:-ce as i~•_:~_:r. r~~..:_~d ro ~'c3~:,=_~ c:z the :mprovzcne:ts s~toate on the above descr~bed premixs_ :
p s ti,..,r. y:rsv•a- c? ~s __r s~~ s r~ t, :e deem frt to carry on ~he ~oan secured hereby.
o. fg~qcr r,.. •to .:Ie ^~Y`; r o•'~.,gcr e r t.:~ cf tn~ .s d.;~~ a~d paYable hereurxirr and such su-n shatl thereupon be due a~ '
. o~ !e~~ ~~n e"r r:e .c ; ~~-Y s~~c•.`,~"~ ~•.-n :t.._:~aft_: ur,!i: mcrtgagee shatl notify mortgrgor of a cha:~e in such
S~,ch su:r.s s`-a ac.• ed i.y nwrtgyg ~~r tcr.rd !n~ payment cf reat a+o,:r•ry rar.es. ins~rante {xem:ums, and mwtgage guaranty inwrance
• s.
i`i :.!T`~E~S :':H~REOF, r^e s,:d A~::J~1G~v:ii( has F•ereu•~~u se• n:s h3r-d ard snei rhe day and year first aforeuid
S:gned, Seated and de!iver in the presente of: ~ ~
~~~rL:.~~~~ ~~f r~°-~ f~L `
r(4s~
ancisco Br ~P n ro {~aq
-(Sea4
_ - SeaO
- : CF FLORIDA ~
SL, Lt1Cle ? SS"
~ O~ - ~
B=',ore me persor~i~~~ ap~eared ___Fra~C15C0 _B. Palaero a~
Rosemary Palaezo h~s w~fe, to me well known and known to me to be
.:i,~~d~ab descr:bed in a~d .vho eaecuted the foregoing instrument, and ack~ow:edged before me that they e:ec~ttd the san+t for the pvrposes
• n~:zpresse~. Ar.d the said Rosem~~? Palmero
c' rhe sa~d _ FranC15C0 B. Pd1~CI0 _ vPan a separste and private
. ,3•:0~ by me taken s~parare and apar~ from i~er said husba~d, ac'tno•n,ledged to and before me that she executed said instrument ircely and volun- i
s+d ..":i:out any co-npu:sion, co~straint, apprehens. or fear of er fram her said husband. ~
.YIT[:~~5 my hand and ofi:cal seai this ~~xx"----- day oF- . ,V a Q. ~9 74
~
~ Notary Pub!7c in and for tF~e S te of Fbr" at large
_ My Lomm~ssion eapires:
Return ic: /a ~
s~ federa0 Sa+in3s E loan kssr_iat:on =
Of fort F ~.~r '
Fort P;erce, Ficr~d~ _ _ ~~~t~pED -
- , ~~~~t) k ~
lU~~~ i~a`.~R~~
~r ~~RT _ .
~Lf ~ ~ ; 'F~~ ~ iS U ( L, - -
This Instrument Prepared By John W. Co11in~FP,R~~''•''t • : p~ ' -
F~~st Federal Savings 8 Loan Association ` ` :
of Fori Pierce ~ Flolida J~ ` p7 ~ • 'a ~
^ ~ t_ s ` ~
~ .
s
C~ecked _ .
BOOK PAGE 2441 - 's
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