HomeMy WebLinkAbout0661 3. To plaoe a:+d ca.r'~nuousiy keep on ~M bu1!dings ~ww a hu~a`tN utvat~ w? said lud a~ oe+ all eyv~p*~ arsd pt+son+li~ co~rsred by this inorp~
sg~. w~th all p~emi;~ms tha~on ps~d in fuil t;re u+wranc~ in ~h~ uwal i~a~xlxd po'kY :am. in a sum ~pprovad by ths MORiGAGEE. and vru+d~rarm ~-.i+
~nsur~nct in rM uwa! ~a~~dard po~KY lor~». ie~ a swn app~oved by tM MORTGAGff. ~ such canP+n~ or ca~*~p~n+~s as ~M MORiW?GEE m~y
d~recij and : tl f&~ ~nd w~ndsw~m inswu~ce Paici~ o~ a~y oi w:d bu~:d.nqs, ~ny intr.~st thaou~ or pan thr.~of, a+ iM ~np~ey~w:~ ~ue~ afwtsaid or .
in •ac~sti thKeof, shali conua~ tM uswt uand~rd mayapN cfws~ a t~ch o~hH cteua u the Ma~y+~•e~+y rw~+w~. r^+~'^O tM ~ss unde~ s+~d Po~~
ues, w~A and ew+y. MWb~e ?o s~1d MJRiGAGEE ~s its intNest :naY appe~. +nd ca~h and ew.y such pw:cY s1s11 b~ pran~tlY asti y~sJ +nd del~ve+ed ~o
•ny hsM by s~id MORTGAGEE u fwtha~ setur~ty to sud mortya9t debt. and. nw less iF.ar ~~n t10f days a+ edranu oi d.e rapi.~t~on of each pol~cy, to de ,
i;ve~ M uid MORTGAGEE a ree~awal tlweof. tt+~e~ha with ~ ~ettipt }o~ the p~aniwn of wch renewtl; and ~he+~ iha0 bs ~o i'u~ or wi.+d~tae~n i~w:ant~
pisc~d on ~ny of sa~d buiktinps. MY intNtN ihltl+~I OI p+n thersof, unteu in tAe twm arxi w~th the Ioss p+Y+bit as ~faesa~d: and ~n tM •ve~t any wm
of moMy t.~canes paYaWe unda such policy w poiK~es said NWQiGAvEf sMll Mw th~ opt:a+ ~o nceiw u~d ~pply tFw swne an +ccwnt ol ths ~bted •
ncss iecurad her~by a w pwmtl sa~d MORTGAfiO~S to ret
+ve and ase it w any parr ~hejeof }u oflxr purpcses, w:~?-o.,f ~he.eu~ wa~vu?g a o»Pau- ~
inQ ~ny equify, lie~ or .igAt uode~ w by v~tue of 1i+w mostyape: and in t#~e event sa:d N10RTGAGORS s~wN fw sr~y reason fail to keep ~he said Pro~nius so t~
~nsured, or f~il w deliyer prompNy anY of said polKies o( inswance to w~d N10RTGAGEE, or fa~t promptly to pay fullr any p+emium tAe.efor w in anY
reapeq (ail eo psiform, d~scharqe, eaatute. effcc6 cornptets, comp~v with a++d ab;do by th~s covenant, o? rny part !?e.wf. ssid MORTGAGEE may pl+ce ~n~
pay fw :uch inwranre a an~ par~ ~he.eof w~rhout warvi~y w~ffectin~ any opt~on, I~en. eqv~ry, w riqht under a by virtve of th~s Maeyaye. ~nd the .
tu~1 amounf of each and e~-erY a~ch payn:ent iihal! Ix ~m~nediately d~e and pa~able ~nd shall bear interest irom ~he date thcreof until pa~d at the rata ol
n.:~e pn c~mtum pe+ annum and to~ether w~th s~c~ intrrast shali be setured dy the I+en of this mottgaye.
1. To permit. commit w suffer no waste. in,p+'ument or derHiwation of said propery or any pa~t thereof.
5. To pay a{I and sinyulx tF» costs. charga and e=~..'~+srs, incl~dirg ~ re+swu6:e atsw~ey s frs a-?d cosn af absnacts of tide. incwred a p+~d a+ ,
any tinu by sa~d Nk7RTGAGfE, bicsuu w in the evcnt of the fa+lwe on ~ha Parf of N+e said MORTGAGOR to dutY. P~~'P~~Y H+d fully pafwm, d~scharga~
e,~ecu~a. eftec~. comPteee. co~+tptv wah a,d ~b:de by each a~d every ~he iupulatipu, agr~emtnes, tond~+iorn, and covenann oi u~d prom~ssory nWs and ~hw
rorrgage any or e:ther. and sa:d cosn, ctxrges ~nc expenses. ea:h and everr, sl+a11 be immrd~as~ty due and paysbla: whetha or not tl~e be notice dr
mand, attr~npt ro oolkct ar wit pend~ng: ind the full a.~aun? oi each artd every wch paYmem shs{I ba+~ in~erest frpn rhs date thersof w+til psid ~1 f1+e
r.:fe of n;ne per tant~m ~r an+w~+; a:+c: ai{ se:d ccsts, chargrs and exFxnses ~r~curred w paid, togcther rr~th such in~erqt. sMl! be secv~ed b~ the lien of tnu
mortga9s.
Q TMt in the evenf of any brcach of th~s Marg~ge w de?autt on thc part oF ths MORTGAGQR, a~n) in the event any of ss~d sixns of ma~sy
herein referred to te nol p~on+ptly and f~lly paid within ~hi~ty (30) deys neaf afe~v the same severaLy becane due u+d paysbw, withovt demar?d a notice.
or (c) In ti+e ev~r.: cath an.~ every ~he a~ipu~ations„ agreemznts. cor:ditions ~nd coven~nn of sa:d promiswry no~e and th:s matyage any a either ~ro ~wl
i~iy. +uompciy and fuliy pe.(«med. d.xheryed. eze:~ted, ef}etted, cor.pteted, canp~;ed w~~h ~~d ab~~d Sy. ~hen in either w any such evem the s~id ag
~r~gate sum ment'aned in said From~fso+y rwte tntn re.~~i:~ing unF:id, with intereat acuued. and all mw~eys xt~red hereby. sh~ll betonw due and par ;
ab e fenhwith, w ~hereafter, at the oprio~ cf sa~d A~ORTGAGEE, es fu:ly and comp:ese~y as ii all oF tt+e sa]d wms of moreey wero agina~ly st~pulated ~
~o br pa;d on such day, anyth~r.g in sa.d p~an.uxy ~ote w in this Mortga9r ro ~he comrary ootwirhstu+d~~+g; snd thereupon or thereafta ~t the optiun of - I
sz:d MORTGAGEE, witbuut noGte or dertwnd, suil a~ law or in eqvity, the~efore ot rhereafter begun, may be prosecuted u if ~II moneys satured hetebY
nsd matuted pr~or to ita iratituteon.
7. That ~n rhe ever:f that at the beg~n~~~g of w at any time pe~~~g any su~t uM~ rhia Mo?tgsge, or to fwecloae it, or to reform it, o~ fo enfwce
p~ymem of aey clains he+eurufer. aaid MORTGi~GEE sha~t apply to the Co~rt har~~g j~:r,ad:c++on thereof ior the appantmenf of ~ Receiver, svch Cou~t sF.all
fcrii,with appoiM a rrcciver of sa~d matg.~ged pro~rly a;l and s:ncular, inc:vd~ng all and sa~quM? ~6e incane. profits, issues u~d revernxs from whateve~
s: v~cr derived, each ar.d evc:y of wh:ch_ ~t be~ng express;y vnders~ood, is here'oy r*:origagrd as ii ~petificaily set fw.i~ and de~uiba3 in the granting and
hjbendum dauses hcreo£. ar+d such Receiver ahali h~ve aSi :he b+.~ad and ef4ect,ve ~Y f~} pnd pq+~rs in an~se ent+uyed bY•~ Ca+rt to a Receiver, and ;
s:~ch appointmco~ shall be made by such Cowt as an adm;ned equity and a ma~ter a~ t to s~~i /~ORTG~?GEE. snd without refercnce to ine ~
MC
adPquacy or inadeqwxy oi the wtue of tht p~ope.ry mortgaged or ~o the so.~rncy ~r ~nso , (~tsfd` MC?RT~'a/IGOR ~o~ Afe -deftndann, and ~hal such ;
r~-„~s, profin, incane, iuues and n.venves shall be appi~ed tiy such Receivcr ac: N~~er e'qvity of~~aid ~RiG~IGEE~and the prsctice of such ;
CouA.
8. To duly, premptly snd fvity perform, dschargr, cxccute, effcct, co~r.plete, comply w~th and abide by each and every the stipulatio~s, ~greemenri, ,
co:+d~taru and cavens~ts ~n sa~d promiuay note end fhis mortgage xt fo+th.
9. ihat :n the event tFr_ ownership of the mortgaged prem~ses, o? any part thereaf, becomes •~ested in a person otha than the N10RTGAGOR, the
r:.GRTGAGEE, i~s svcceuors and assigns, may, w~thout no~ice to rhe MORTGAOR, deal with s„ch successo: o~ wccessor ~~teresf with reference to this
n orfgage snd the Jeb~ hereby secur~ in the same manner as with Nb.tgago~ w~tkout in sny way vitiating w d~scharging the Nbrtgsgori liability hert i
~noer or upon the debt hereby securc~. No sa:e of the prem~ses hereb/ mwtgaged and no fo+bears++te on the pan of the NORiGAGEE w iri suctessws }
cr assegns and no extens~on of the t;r..e for_the payment of the debt hr:eby secured given by ttK MORiGAGEE or its successors ot usigns, shal) operate ,
ro re?eass, d+xharge, mod~fy change or affecr the or~ginal IiaL:i:ry of the H,QRTGAGOR herein, either in whok or in Nar~. ~
10. It is speufica?{y agreed that time ~s of the essence of ~h:s cantract and that no waiver of any ob~7gatien hereunder or of the obligstion se-
c~red 1?zreby shati at any time thereafter be he:d to be a wawa of the terms hereof w of the instrument secured herby. y
1;. In add:r;o~ ro !he forego:~ mon:h'y paym,nts of pr~~c'aal 3nd inrerest reqvired by the promisscry nore set~red hereby, mottgsgw cov~nants ~
j-~d agrees to pay to r-+o--tgjqee v.~th each monthiy pay~•:ent an add~rionaf sum es':~:ated by mortgagee io be eqval to 1% 12 of the annual tost of ihe follow-
~
i.ig. •
A-All real property taxes fev:ed or asussed agai~st thc above dexri~ed real estate.
I B-Prc-m~~ms on f~.e and windsto~m :nsu~a^te as ne~r~n req~:red to be w•ried on the :mproveme~ts situate on the above desuibed premises.
( C-Prem~ums on such mo:tp~e g~a•anty irsurer.ce as mortoagee shafl from t~me +o tvne deem fit to urry on tns bsn secvred Fk~reby.
~ Mortgagee s~ali from t~me to s~r~e no+ify mc.+y-agor ;n w~:nrg oi the a~r.ount d~e and paYable hera+^de* a^d svch wm shalt thereupon be due and •
:.;abte on thr due date ef fhe next month!~ pa~ment and each success~Ye month tFe:eaft~r ur.~ii mortgagee shafl notify mortgagor of a charge in wch
~ a~ eu~t. Such s~ms sl~ai{ be appLed by mortgagee ~cws~d the paym.ent of raaf pro.~ert; laxes, insurance prem:ums, a~d mwtgage guaranty i~u~rance i
~ :~•e+riums_ 3
iN WITNESS WH~REOF, the sa~d A~OR'GAGOR has hereu~to set his hana and seel the day ar first aforesaid. ~
Sea:ed and delive ed in tl~e presence of: / ~
L1~~.-c?-~ 't L~1~ i
. avid L. B rchers ~,q ~
~ f
- - Diane K. Borchers ~s.,p '
s
~
_ ~
S~ aTE O? FLORIDA 1
St. Lucie t
~ou~rr oF _ ~
David L. Borchers .,,d '
Before me pe?sona~i~ appeared
D 2 al'1 @ K. Bor cher s his wife, to me well known and known to me to bs
the ~r+d:v~duais deur;bed in and who executed ehe foreg~+ng instr~ment, and aci~nowledged befwe me that they executed tF+e same fu tt~e pwposes ~
tfie~Qin e~cptesstd_ Arx! the said Diane K, Borchers
r:;fe of the ~~a - david L. BOYChQYS opon a separste and private ~
e=am~nat~on by me ta~en separate ard apart from her uid husband, ackrwrriedged so and befwe me tFwt she executed said inst?wne~t freelr and vdun-
ra•~ly ar.d without -sny com~ilsion, consrra~nt. apprehens:on, u fex oi or frwn h±r said iwsbind.
W~ThE55 my hand and off~c;al scal thia_ ~ 3~ day of aUgt1SL p. p_ ~q 74
--Noiary Pubtic in snd for State of Flotids at Larye
- My e~s~«+ e~.~: t i• 31 • 1(s
Return Ta.
~
First Fedenl Savings 3 loan Associat:o~ -
Of Fo.t P:erce. ~~Q A~O ilE~ ~ : ~ ``''-'•s~
Fo?t Pizrce. Flcrida ~E~ a ~ ~ r ~ . Y
~t : 1_ llltilfjfl~ ~ ~ -
CLERKC11tCWTC0i1tT .'~t' ~S,~~t-V `~~r`~~=?' -
, ~i~~~ ;
- IlECOR9 vER+i1Ed . 7 ~ b''`' :
This Instrument Prc red B i` ~~~1~ ~ ~1 e e^ ~ ~
Pa Y J, H. Rober ts Jr. ~ \ ` ~
First federal ~avings ~ loan Associat~on _ , r ~ _ : ` ' _
~ ~ ; x
of Fort Pierce ~ Florida ~ ~-i i ~ t; ~ , ~ . _ _ ~ . .
~;y i~~.._
~p~~/~~ -
Checked By IGra7VVV~ ~,~li y; 1_<< i.~~. O~r,~..
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