HomeMy WebLinkAbout2727 To placa and cw+rnuwsiy keep on ihe bu~.d.~~gs r.ow o~ h.•reoher s+twta on s.~~d le~x1 a~xl on all equipnero a~~d ptrsonatly covered by ~h~s mortg-
egr. wilh all p~rn~~wns thr~eon pa:d :n iu:~, 1:~e i~~s.,ra~,co ~n ~t~a uaws sro~~ia•J ~...'~cv to:m, ~n • w~n aypro+rd b~ the MOR~GAGEE. and w~nda~am
;~~i~rsnce in ~hu uwsl sfa~xierd ywl cy fa~n. in a wm app~or~d by ~~e MC+RiGAG~ E. iuch c~npaoy w com, +~~es as the MORIGAGEE may
d~rect; and all tire and w~ndstonn insurs~u~ po:,c~rs ai a~~y o( s.:~d k+u+~u~~ys, any inrrreat therein a p+~t thcrtof, in tM agqrzg~te sum afpresakl Ot ~
in raiess thrrcof, a?alt ;on~ain ~he uw~~ sfo~~d~rJ n,ong.gce c~aose o~ such orhe~ re.~ae ~s ths Mwtgagaa nwy requ.re. ~~~~9 the ioas wxla sa~d po~i- ~ _
; es ea<h and .vrry, pay~~:r to sa~d A1JRfGAC,tF os :is u:~c<<st n~ay appro~, a~~d e~:h .,,~d e.cry wch p~'~c~ sha~l be pro.t~N~ly ass g~~ed +~~d de~~rrred to
e~,~ he+d hy sa~d 1110Rf~P•GEE ss f~,~he~ secu~~rr ~o si~d ~~~o~~y~gr Jrnr, a~~d, not frss ~han rrn (!u^) days in ad.snca o( ~hr exp~rat~on of each po~.cy, ta da-
:..rr ro naid 1tlORTGAGfE a re~tewal iheteol, ~oge~hrr ~n~th a rrcrp~ ~w ihe prr:nwm ~i s~ch re:~eHa1; and ~Ixre s1w~1 ba no i:re or .v:.~ds~ozm insur+nc~
p:~ced on any of sa~d kw~~d~~~gs, eny intrrrst ~hrrem or Wi~ N~trtof. us~!rss ~n ine eor,~ a~d x~+h t1~e lusa payoble as aforesa~d; and ~n the e~en? any sum
c! ~.~on~y becomes payab~e u,~dr~ such poGcy w poLcirs :a:d hIORiGAGft shall ha~e rha op+~on ~o recrive end apply the same oo +cca+m of the indab~rd-
nrss sec~rrd htleby or to permit aa~d /dORiGAGOR$ to rcceive ~~xl we it or ..•,y ~.~:t ~hr:r~~f ior otr • pw~ oscs. .::~::o.:~ ih~r~.~~ v.- ..+.3 or ~~~~p.~~r-
,n~ ~ oqusit,~,t~en a~~~hr under o~ by vi~tue oi ~h~s ~ne~'gage; ard in thr a+cr.~ sa.d 11~J+~1vr1GOR5 sha:I'or any reawn fa~l ~o k~ep ~hc sa~d pre~nisrs w _
~~r..r~•d, w feil ~o dri~~er pr~np~ly any of s.ud ~so+~ues of ~nw+a :ce +o sa•d tAOa?GAGEE, or ia~1 p:ompiiy to pay fu!Iy any prr~~~~~~~ ~here4~ a in any .
~rsi~~u lai! to ~crfurm, d:~charge. exrcurr: elfrct, comp:ere. co:r.pty wi~h and ab~dr by th:s covcnan~, or an~ part h.:r~w(, aa~d MUR7~AGEE may piace a~~0 ,
fur s~ch inw~ance or any part rhe~eof w~~1~ut waiving o~ alfeuing a~~y o~~~•on, :ien, equ.i~, or nght uo~r or b1 vi:We of ~his Mo~tgage, and tht
. a~nount o! e.+ch a~~d e.r.y such paym~m sh~ll br i•r.:nid~euty u~e a~~d ~ay.+~'~ a~.d sheil brar ~~xrrrs~ iran tha dats the~eof untd ps~d at the rate ot
prr tem:,m pr• ane:um ~•~d ic.~ru.•. a~•h s~.h ~n•c«s~ sc:_rrd 1» ~he I.en of th:s matgage.
To pemiit, commit or sufter r.o KSSiZ~ impe~~mrnt or d~iriwrat~un of s~~u N~c~•r:ty or any pait thereof.
5. To pay atl and s~ngula~ the costs, charges a~~d taFxnsrs. ~n;:ud~:~g a reasonab;e atrorney's fee and cos~s of ~bstrxtswf t~~le, incurred or piid at
t:n:e by aa~d MORIGAGEE, becawe ~ in the cvi•nt of tf~e i~ :~re ort ti~r oT ~he s;,a~ MORTGAGOR to duly, p+omptly and f~lly pe~iorm, d~scharge.
_.,te, effeU, canpiete, comy(y w~th and ab de by ea.h and e.~~y the s~~pu ~+•ens, agr.e:nents, cvnd~ea~s, and co~~ants oi said pro~n:ssory oote and this
•r ,..qe any w e~fher, a::d sa d cosrs, cha~ges and eapC~:ses, each and every. :hait be i~T~:r..rd~atety dv! and payab:e; whether or not thrre be norice da
arte~npt to cotlec~ w sui~ pr„d~rg; ,~:d ~hr fuit a~no~nt of ea~h er.d e.r~i wci~ p~ymrnt shat~ bea. intereat from Y+e date the~eof uotil paid a1 ~ht
• r,:ne per c.•nt~ n F.~. am~,,:,~; .~:~c sa:d c~ses, u~~•~rs ..~~a s•:s :K~'~cd e. r.::d. ~ogtrM:r w.~h such intercst. shall be sec~red by the lien ol th;s
__rr;~ge.
6. That (a? in the eve~t of an .each of th~s M.ortgage or c?e'a~lt cxi tM p.:rt ef t6e A!ORTGAGOR. w(b) in t1x event any of sa:d svms of mw~ey
t.~rc~n reierrr.~ to be not pro~np:~y and .~~y ~~d v.~ri~:n ~h:.ty 13~: di~s ~uRt a'r~•: ~hc san.e sPreratly t~ecane dve a~id payable, wi~hout demand w notite.
_ •_1 ~s the eye~rt eech ar.d rvrr~ ~he sn ar~on:, a9ree~ne~n. c~~~d::~o:~s and cuvena~u o! sa d promissory note and th~s mortgage any or ei~he~ are not
~.•o:nu+ly a~.d tv;i~~ p~rfamed, u s:i~a•~. i. e~ew;ed. rf~_-r.~d :~.~r!e~ed, co~r~ : r^ .•.:•h „r.d a~~dc~l Sy, then ~n e~~hH a any such e~ent the sa~d ag
•a su-n menr~aned ~n sa:d pro+~~~ssor; ~cr :fien re: .a•n::~g ~~~Ha•d. ~~.~tn .nt~r;,• acc: ,rd, aml a+! moneys secured he~eby, sha~l become due aad pay
''e~ihw~th, or theze3fter, at ~he op~~.,~ oi .:,d t.10kTvAGEf, as t•,~'y a~d :o=~;.~c~'c~r ~s if a?I cf th~ sa~d s~ms of nwney we~e or~g~natly st~p~~ated
i s.d c~ s~~:h d:y. :n;thErr~ m>>.ci Grc s_~y ncit cr in ~t~fs :'.~•~~ga7.. 'o =e~:'-ary ~,ot:viths:andn.y; and th~~reupon w thereafter at ~he opt~o~ of
s.: :'.•7RTGAGE:, v..sFcot ~ot~ce or d..::...:~d, d et faw o+ in eq~~~t~, the~rf~rr or tt.ercanar beg~~~, may oe proaewted as if al) rtwneys secured lxreby
. .atured pnot to ~ts instit~t~o~.
7_ Thar ~n the event t1.at at t~e brg.nn~• g_ f or a• any a~~-:e n~~ g, ~p r, 'h:s A'o~igage. w to fwe~lose it. Or TO rciorm it, or to e~fort!
,~,t of any c, ~~s hcre~rdrr, so~d .'.*•u4~ s=~a; _~,:H:~ ro it : Co~rr h~.:~ ~.:i.:~.on ~he~aof for tl+e appo~ntment ot a Rece~~e~, such Cour~ aha~l
.
~..,•i~ nt e r~cc~.rr cf s:,d .*~orty.,y~ _~t~ a:: a~:d ~r gv:a•. ci.ra r,:; ~ 5.~'=7J.3! ~~:r .r.come. pro(us, issues and revenues from whatever
.~.n:ea. eat~ anJ r+e:y uf ..~t~ c'~, .•f~~a..g :-.r••..is y ~ndc.s7~-~o. :i r-_r•.,.r ~~.:r•',~ •9<d as ~1 Spec~f~tai:y set forth and deur:bed in the grant~ng a~
i,m ra_s~s hcrro:, a:~e+ such Recr.vex sh.:i F,_:~ a:':.~~ 6-,a:i s-•:i r~`~:'.-' T•'~' ~nd powers in anyw~se entrusted by a Gourt to a RecC~ver, and
,.oinr~:e„t shai+ be madr by s.~ch Cc~~t as an ~d ~~rt~d eq~~:~ ~'•~"°r ,~,.ure r.ght to sa~d MORTGAGEE, and without ?eference to the
a_,cy o~ ~n~d<-4~ac~ af i*.e v~~ue of tne prc.c;ry mo•radged o• t:, r•`.e s:.~ of sa~d N•ORIGAGOQ or the defendants. and that such
•s proi::s, incorn.:, iss~es aod reven~es shall 5e aF~.:.,d i:f wch Rrcc~ve~ a._.,:.:...3 ~o u~e ueri or equiry of said MORTGAGEE and the p~acnce of such
: r:.
B. To d~fy, pro~~;~r'y a^d f~Ity per'orm, d~~ch~rge, exe:u!c, ej~e.^•, t~ F~~ r th and a5ide by each and every the stipuiations, agreemeNS,
^ns ar.d C~:raa:its ~n se:.~ prO:n,ib0'/ nCtC a~ld :h,S m3rt~rJc set tO;t~
9. ~f:a• tf;~ rv>n! fi:~~ nv. r, cf r..- nu- ycu E,re .,,sez. o- anv ~.:rt t•. of, ~,.,comes vested in a person otner than the MORTGAGOR. the
~G:i. rs s.cc_:s.• ~ f ass.> T~ '-~''-t~"'~:~, svch wccessa or successo~ in interest with reference to tF;s
--~~~jt n.~d th,~_ d_~T h.~ . -ecv:.~d in t~e se^:c a: •~,~,~o• a,!!~_•,! ;n ar~y way vit:ating or d~scharging the Nlottgagwi liab~lity hert
or vF:n ti~~ d_~Lt ":o s+~r o~ s--•~ s•s`t~. •~.~-c~ay.d a~d no fo:oea~ance on the pan of the IJIORTGAGEE u i!s svccessws
;ns and ~o cxr~.r, ~t rre ~.a;:,.e, e o: ;.-`_.b. h_....=,: at'.•~+:•J g~vcn i~r ~he 1l,ORTGtiGEE or 7ts successors or ass~gns, s:wll operate
~ __.,tie. d.sihrrge, n•v~,~ty c~~an~r o• ~•`re~t cr.e .,..~..'Y oi ....n~G%.GuR F:e~r~n, cither in wt.oie w in part.
10. 1! ~s s;.ec `i, ~:gr~~~d sF..u e... - ~s ef ti:.• es.~rrr o4 tt s c~ ':..cr anJ n~3t ~o waiver of any ob:~gatlon hereunder p of the obfigatan sr
....rc:.-y s~a'~ ar cn, :r.c ~i:_r_~ai:er u> .h_:h cc a oi ri,•, re:~r~s Fe•c~' or cf the irstrumcro sec~red F~erby.
j, S• •a ~y rt~~ prcm ~sor~ no~e s:c~red F.ereby, mo:tgagor tovenants
11 , • .
-.,~s .;,y . c h . _ : ' rn : ~ s _ • • ; . .*~o::yagre to k,e equai fo 1 , 12 oi the an:,wl cost of the fotiow-
-i~, d. .'1/ 1~A:S •t'~-.. . _ ea :.5. .:1 : J 1~ .5: /t' d;.. l'i..~~C"- .
• :.1:~: r. - ~
' ~ ~ ; ar..i ~ _ s_ . , ~ n ~ : . _ . ;•~,prove~ne~ts s;tuate or the abovc d_scrit>ed Qrem:ses.
~ _ " , .
_ - o:.. . . . • s ~ ~ .cc~ r~.,., ~,-i .~s':-a~ c . -.~_:•-e sF ~ ~ . • •o drem fit to ca+ry on fhe loan secvred herebY-
I ~.e~„~..., •o ~~'~e to ~^:e ~+o ^.c ~ 3:~•r ~;T:~'+ ot ''`~',1^. : and payable hereundr. and such su~~ sh~!~ thereupon be due and
o t. ` ~ ~ s•~•~' ^ catt~. u~:h~ mcrtgagee sha!1 notity mortgagor of a change in wch
I S~.t^ »~-s e r~• ~~c! i: __.:o:..° F'ay'T:~':~ o` .='l,. rc~,e•rr taaes. i~w:ance prem.u:ns, a~id mortgage guaramy msurance
r,s.
cV :.17iiE~5 :'.tlc8i0~. :i~° Sa~c1 1I•.JkTG.-+:~t: has hcre~ ~to se• i~a ha~~d and s•_il fhe u~ay and year iirst aforesaid.
Sig~ed. Sealed and de!+vered in :6e presen:^ of: i/
~fT i~(- (Sean
- - H H. Reese ~j - (seaq
- - /[Y ' G~--~~Seal)
.
- - Irene H. Reese cs~an
: E OF FLORIDA ~
, u.
~ iTY Of '_-~t~--j.l]Gl~- _ - ~
~ Before me penoaa'~y appeared -___H, H. Reese - a~d
-r-
Irene f1. Reese h~s wife, to me weli known and known to me to be
,~:d~v~dua;s desu~ced in erd v:ho exewt
~ th~ forego~ng instrvment, and acknov~fedged beiwe me that they •.xecuted the same for the purposes
ezpressed. a~a rF.z 53~d___ Irene H. Reese
. of rhe sa~d Rees~__------ ~po~ a separate snd private
~ -:at:on by rr,e taRen separate and a~ar. frc:-~ her satd hvsbar.d, acknowiedged to a~d before me that she executed said i~strument free~y and votuo-
~ ar.d w tF.out any cornpo!s~on, Constrai• 1, app:ener}s on~ or fear of or from her sa~d husband.
:'i~T?:.55 my hanJ and off~tlai se3! th~:_ ~~~~~x daY of- July ~ A. D. 19 7'4
~
~ Notary PubGc in and !or the Stat f fixida Lsrge `
My Commiua~ e:pires:
Retvrn To: / ~ n
~s~ ied~•rel Sav~nys a loan Auo_i;:.o~ dL ei.
F:~EO ~tcoaoeo
o~ Q.~t~~ - ST.IUC:' NTY FL~•
Fort Vierte. f!c'id3 A~i:i~ .}i~N~S SIfj~1.
„t' _oUaj/~,Y ~ lj.'
Ctcf ~ , . ~ . r' ~
ocr,(~ : v~ .
; S~or<:p~;..
' 21 111' = ~or ' r
This Instrument Prepared ByGAry F. ~llr?ood J~, - .
~:rst Federal Sav:ngs 8 Loan Associarion p~Q
_ of Fort Pierce , Florida 33450 2.g~~9 C;`-
l~~ ~'4` •~~~~I~~~•
~r f • w~~ • t
~ ~I ~1 ~ . _ -
'~h~cked By - - '~;n ~ii . r•
8 R ~
800t~~ P~f# ~
~
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