HomeMy WebLinkAbout2725 J. To p~ece and continua:~~y kcep o++ the kw, d~~:gs ~~u.~+ w he~ea;~er s~~~~~r on s.+~d land and on a~l equ~pnent a~u! pcrsonaUY covered by this mwtg-
._~r. wuA ~II pren~i~~ns thrrew~ pv•d ~n f~!I. 4a~ :ne.,~o~~c~ :n iha .cu,! sea~Klo~.1 pc•~e~ ~GnT. m a wm aHpro+rd br MOR~GAGEE. a~~d w~~di~wm
-~s~~ente ~n ~hs usual »and~~d pol:cy fo:m, ~n e aum aHp~o.rd b~ the N1pR1G~GEE. ~n such company or co~npanies as tM MORTIaAGEE may
d~rcu; and ~11 fire an:l w:nd?ro~m ~na~rance po~~c~rs on a~~y of s,~d tw~td.~~s. a~.y ~n~crru rh~~ein w pa~t thereof, in ths agg~rg~te sum afwrsaid or ~
in ricrfs ~hrreoF, ahall w~~~ain 1he usua~ sta~•drtd mwty.g~~ c~~use or such u~1~e~ uause as ~he A1o+tg~yee may requ.re, ma?ing Nie loss unde~ sa~d pO~i-
..~•s, each and rvery. pe,aD'e ?0 3o~d h~~iRlGAvtE as as ~r.~_~.s~ •~~ay .:ppc~r. e.~d c•acl~ and ~very ~„ch ponc~ sha~~ be pranptty ass 9~lcd •~d drinr~ed ~o
a,,; heid by sa~d MUk1:,AGEE as {ur~h.:r aewriry ro sa~d urry.+ya dro~, a:~d, no~ 'ess ~~wn ten if0~ da~s ~r. ad.encr of the rap~rot~on of each pot~cy, ~o de-
~o sa~ htORfGAGEE a rrnev~.~l rtk~eof, t.w~eihrr w~th a rcce a~ !ur thr prr:~~um ol svch renewe:; and ~here shsll be no i~re o~ wi~~dsto~m insur~nce
p'+ced an any o( sa~d b~~~d~+~gs, any ~mrrcst ih.re~n or par~ ~h.rrrof, ~:~'~~s ~n n+c ion~~ a~~J w~!h ~he loss payobie as afo~esa~d; ard ~he e+ent any s~m J
o~ ~*~o~ey occamrs payab~e vr+de~ such po5cy d pol:c~es sa:d MJRTGAGEf shafl ha.r ~hr e}.t~on to recrive and apply Ihe sarne oe acco~nt o( the iMlrb~rd~ •
n~-ss srcwed hrrroy or :o perniit sa~d +AORiGAGORS ro reca~ve ond use it w a:~~ ~t,.r~°of tor ori: •r ~.u+~ osrs. .•.,~~~out +t,r. ~r .v::..~,,g o~ ~~+,p.+~'•
~~3 any equ~ty, Gen w right undc~ or b/ v~rwe of th~s mo:'gage; and in the evrm sa.d A10RTG~GORS shall !or any reaton fai! ro keep t:u sa~d premisrs so
~ s.:r~d. or fe~l ~o dr:~.r~ prynptly any of s.i:d po•.Ges ot ~ns~~.+~:ce to sa:d A50Ri~,AGtE. or fait p:omptly to pay fully any pre~nwm ther.:Fpr a in a~y
<<-s: _u taii ~o prrfo.m, d~scha~~e, ea.cuTe, eff~:~, ca~~p,~•te, co:~~piy wah and a;. de t~,r ~h;s cu~a~r.~~. or any W~~ h.reof, sa~d MGRT~AGEE may p~ace a•~d
for such insurance or any pa~t thrrcof w~rhout waiv~ng or a4feaing any oFe~~n, t;en, equ.ty, or r~~ht uncle~ or by v~~t~r oi iF~s hno~~gage, ~~d tht
a•no~nl o( rath and e.e~y s~ch p:+ymer~t sfwil bt ir.~n,ed~ate:y 1.,e a~~d pe~s:~r ar~d shr;l b~:ar interasi irom the date Ihc~cof u~:~il p.,rd at Ihe rate of
~ trntcm pcr ar.~w:r o:d tn~_~nrr .~~:h s.:<~~ ~:~;c~~r. s! ~•-~-r^d i~~ the ::rn ef th~s mo~tgaga.
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3. To permit, cemn~it w suf(tr no waste, :mp~~r~nant er d~+cn~~.,t•~:~ ci aa~d ~~~~,erty .x any part ther wf.
5_ To pay all and singular the costs, cFw+rges ard eape=~ses, ~:~.+ud~ng a~easo:~ab!e anerney's ~ce a~xl cosu of abstrsc3s of title, incurred w paid st
r,••.e by s~~d AtOAlGAGEE, rec.+use or m the eve•lt of ~k~•~ fa.:u~r on ~nr part of :he so,d MORiGAGOR to d~:y, promp~ty and fuRY perform, d~uharqe_
•__i_, efleu, canp:ere. canply wrth a~~d ab.dr by eacfi and rvery r~e ihpv~31 0•~3, ~4«'~"n~a~~iS, c~ndit~ons, and cove~wnts of sa~d p~a~i~swry note and this
~',;~~e ar~y or e~the~, a~~d sad costs, chargrs a~d cxpensas. each enJ r.er;. :ha~~ Le ~~n~^rd~at~-:y d~e and payab:e; whether o? not there be not~ce d~
atiempt to co:lect o: suit prnd.ng; ertd i}~e iu1: e~nJ~n1 of eacn and e:e-! su;t, p:,~ment ahali bea. ~nterast from ~he date thereof until paid +t the
n;:,~ ue. ccnt~•u ~ar an,:.,:~ ,.-n;, ad sa~a c..us. c*w:grs a^:i s:s :^cv+rcd or pa~J. toye~her w~~h such interest, ~hal) be secured by the 6en of this
. "t~~Je-
b. That ;a? i~ the event o.` any birach of ~his f.!ccrgage or de*a~~~t on iiee ;•-.rr of tne Y.ORTGAGOR, or ;b) in the event any of sa:d sums of money
n refrrr~•c! ~u be no~ p.a::p~ly and fu:~y Na~d ..rtt:~r. ~h:rty t3^v; datn ~~ew' a'~•=• 're s•~~~~e se+e~a:ly betome due and payabte, witFwu~ demand w no~~ce.
fn the r:e~~t each e~d rvery mc snp~:aT~c.ns, a9reeme~:+s ce~•da~e~s and :ovenanlS o' sa•d p~o-m~ssory note and th~s mortgage any o~ e~ther are not
.;;ron~ptly and fL'cy };rriu•~n~.l. d s:` ~-~~d. ~ ae:ured. rif,:r,~. co n;,'~~•~ cf .~ed ::~~h and atedecJ 5y, then in e'her or any such event the said ag
~•a sum ment~oned in s~~d prom~ssor~ no'i thrn rc:rain~ng w.; a.d, w~th ~nt~r~-~t ~iu~rd, and a:l mon~ys seNrzd F~reby, shatl becortte t~ue and pay-
~c•ih,Kith, o~ ti~ereo'ter, a~ thr opnc,.i ct s~:d A~ORiGAGEc, ,s iv; y~„~ -o~np~rre:y as if at! of ~hr said svms of money were onginaily st~pv:ated
: a d cn wch doy. .~nrfl~~n3 <n sa d p:o:r.ssory n;,te e- u: •'~,s :'~.;•4=.a.• ~o t!:r ro~,rary no~w~~hsNnding; and thereupon or thereafte~ at the opt~on of
•,:~STGAGEE, w:'S.~~ut nor,~r or der.~a:.d, so~t at 'ew or in e::ar. 'h•,ro`•:~•r cr R:rr~ofttr brgun, may be prostcuted ss if all moneys secured hNeby
. ~+~~cd pr:ur to ~ts inst~tu~.~n. _
7. Th.~e in ehe evr=~t rha! ~T me hey~n•: ~:g of ec at am~ '•~•~r p•_^d~~ j a~v s.,•? :J~.:n tt:~s A~ortgaqe. or to forectose it, or to retorm it, or fo enforce
ot ..~y c a.~•,s hc~e~r:e_r, sa,d .'..JR?v=.:-_~ s' e'~ ~pr~v t~ ~ sd'~l:on ~t,er~•,! fer the appomtmeM of a Recewer, such Cw+rt shail
a;.~ a c~: .er o! s.~..i r_-ty~~~~d ei~ r~d s. :3~;ar. in. ,:u , g ~~d s~ ,q~lar tr:e ~nco~~e. F'of•!s, issves and rrvenvrs irom whateve~
.cd. eo:n o~~ci r+_ry of __h. ,r L•.::,y ~.p~:~ss:-. u~:ci....~co~ ~s mong,gtnl as if spec~iicat:y ser forth and described in the granr~ng and
•~o'c:3vses h~~rro`.. and svc~ Re..~r._r s':.~;~ h~r~• a'! th.. i;•.~d i: ~ e~:c~+.•~,'~~:r eni anei po.ven in anytr~se entrusted by a Court 10 a Recriver, a^d
, • ci~ement sh,Ii b~• ~r ad:: by sucN Co~rt as a^. ~d •~~:'~•u c.;.::r anti a••tsr<r •~'=sc.~~e r:ght to uid MORTGAGEE, and without referente to the
_cy or inadrq.,ar~ of ~^e va~ve of the pro};e~ty r*•c>»s9rd o: ro ~h~ s:; ^r ~nsu:...•~cy of sa~d MORIGAGOR or the defendants, and that such
•s. profrts, incoma, iss~es anJ reven~es shei! be app:~ed ~y s.:ch R~ce~~er :c:.~+~•: g To the lien or equ~ty ot said MO~iGAGEE and the pracnce of such
-'T.
8. To dv'v, F•~'^r}'•Y ~^d f~:;y pe%'orm, d~scherge, e.a:cute, ef`e~t. co~-.p~er•~. c: •n~~'h and abide by each and every the st~pulations, agreements,
. cns and c.:veran» ~n p:o~nsiory nare a~ d th: n.~~:yaae s=t foc:h. .
9. TF:at ~n the eve^t rhe oweersh:~ of the mort~aged E•re:~ .ses, o• a•~y R:~t ti cr~-e1, eccom>s ves~ed in a pe*wn other than the ~AORTGAGOR, the
~~GEf, ~+s su:ccssors ond ass:jr.s, ~:~ay, ..:'r,~,r ~~cr.:e ro r~_ ~?iG%=J~, d::a: ;i~ such successor or svccesso~ in inte~est with refere~ce to th~s
••~~~e a~c! tnc d,ot h.ercoy secv•ed m tne s~•ne n:a•.ce: as w~'i~ ;::~s~;,gx r.~rr,.,,~t In any way vit:ating a d+scha~ging the Mortgagors' liability here
• or ~~•.~n the drbi h~~e_y se:~~rrd. tve s~.-~ of ii~e F:er.~s~s h~-~~; •:,o~rgrged ar~d no iorbearance on the part of the MORiGAGEE or its svecessws
;~~s and ~~o :x:ernon of rhe f:.~~~ for ~he pa~rre~~r •.s f~~e u_~' h~•~ei:~ sec•,rcJ ?~.•en by the J'hpRTGAGEE or its s~ccessors or ass,gns, at~all operate
-sr, d:scha~q~, m;xl~fy ~s:..r.gt- or aifect ar.:~~~:;. .~_...:i os ~n~ ~:.CRIGAi,t~K e:erein, ei!her in whole or in part.
1! ~s s;:~~o~~e.~::~ :g•ecd ihat r~:.e~ is of t~:e rise--n. c; cc„rracf a~:d that ~o waiver o( any obl~gat~on hereunder or of the obligatiw~ se-
h_reby st~a. a! an, tE•-e m<rc-a`:er oe r.~•:~ t:, c~ 3 w~:i.•.^• .;t ~4~~ •_.•~~s !.ere:;+ o~ ef the msr.urnent secured herby. •
t. I•~ -.i i r.~ , r~,_ • : . ~ . :~'s ,:rd ~ ~^d b; the F:rom ssory no~e s^tu~ed hcreb~, mortgagor tovenants
'~.es io pr~ to rne•tg.iyze •n~•h eac~ • ~~i ~~:f.an e... •o'~al s.T~ est ~.,~ed hi r-~ortgagee to bt equai to 1.' 12 of the annual cost of the follow-
:a-A ' r, a; r~o: : ia ~s ~ a s ~ sr o c•~c a~ ez'.,!.~.
~ s e~ rr~_ a.'.~ .d . , ~ r ~ - ' ; . c.' •h•; : rrow~ne~ts s:tuate on th: above d:scribed premises_
I P r: c >,~:h •ro•t : n t rsu a ~s s~3,i ' t~^e deem fit to carry o~ the loan secured hereby_
a ~ 5 ,.3 - r~ p3yabfe he~eundrr and wch som ~ha? thrrevpon be due and
o ~ v. , c,~,, • s~_,•~cs~~•~ ..~,~.:f ;r ur.r~~ mcrtgayee shall r.ctfy mortgagw af a change m suth
~ S~,c~: s.,;-s s`-•.' be a~~pii::. : _•r~:;- _ . ..r., . •:f :c::' , _~.<~••y ta~es. ~nsvra~zce prer~e.~~s. a~~d mortgage guaranty insurar.ce
s.
;r; Y1~Tr1E5S :='H`_R:G~, ~~:e sa:d .':O<IG:.GOii b.:a 'r._~rr.: ~ro se• n~s d rnd s~ day and yea t af said.
i ~
Si ned, Seaied nd d+t +e• ~n the p~ese c~ 04:
(Sea!)
y~ ~ ' - - ' _ G. B. Walters (s~aq
_ 1%~L.c i5eaq
- - - - Alliece Walters ~seaq
- ' ~ OF FLJR~DA
St . Z.LICl@ ~ SS•
. .TY OF - - - - ~
Before me pPnona~l~~ aPPeared _G~
B•__{A~ditel3 and
Allieee walters h~s w~ie, to me well known and known to me to be
• J::~duals descr.Cc-d in ard vlho exewted tFr: forego~ng i~str~ment, and ack~ow:edged before me that they eaecuted the same fw the purposes
~ exp.essed. And the sa:d_ Allieee Walters
ef the sa~d __~i~_~._~~~ZS--- - vpon a separate snd private -
• -a~:cn by me taken separare and apart from her a~d h~sband, atknowledged to and before me that she eaecuted said instrument freely and voluo-
. a: ~ w.rhoot any compu's~on, cor.stra~r:t, apare :Ta~,~cr fea~ o( or ir~n her said husband.
:'lCN~55 my hand and o'fiual seat th:s _~~dl~___--- day of _ JUly - A-,p, ~q 74
~
Notary Public in and iw t tate of F ~da at large ;
My Commission eapires:
Return io: J_. a~ /f~
LE u
~st federal Sa.+ngs b Loan Assoc~at,on ~ C
Of ~c.rt F ~ . Q~£'~ - ..:1~~~~ ~ .
Fo., P~...~o, i:o~~d3 EL"c=! c,. - cuU$T c~ , -
V `7 J: ~
F~~r: . • :E: -p-.
J V'
~ c~~-~~~ ~Z~ _ _ ' s~;~o r,~,,~ p=.~. ~
This Instrument Prepared By JA~ _ J'
F~rst Federal Savings 8 loan Association ~ ~ j; ~O`~
- of Fort Pierce , Floiida 8 ~ jn L ~ n.=~
o.
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'_'~ecked By 9 R ~ ~
BOOK~ PAGI~~ .
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