HomeMy WebLinkAbout1659 J. To place ~nd conii+wousiy kcep on tM tu~ld+~ys now w t.treaft~a ~ituat~ on ~.:d lu+d and a+ all equ~pm~em and pnnona~ly covK~d by ~his nior~
ws. wi~A all premi.,ms thrrvn ps~d in fu14 f:re ~~w~uue ~n ehe usual sia~ddrd ~wiky form. in a sum ~pwo.ed by ths NtOR~GAGEE. ~r~d ~.u+dsrorm
~n~wu~ in ~he uwat sandud pol~cy fan+. in a swn ~ppro~ed by ~M MORTGACiEE. ~n such co~npany w cornpan:e~ aa ~M MORiGAGEE T+y
d~•ect; and all iM~ a~d w~ndstorm insura~c~ poticias an +ny of ia~d bu~Id~~ps. ~ny interesf t4e~ein w put thareof, ir: tM agqreg+~~ swn ~ior~s+id ot
in excess IF+eceof, shall ca+ta~n ~h~ uwal standa+d mortgagea daus~ w such other c'auf~ :s tM Mw~g+gM ~y ~pu~r~, rtw?inp t+k ioti wwa s+Yd Pdi~ ~
des, cac6 ~nei every• WYab•e ro sald MORTGAGEE as ~~s inrt-r~st may sppea~. and each a~d evey such po~~cy shail be prwnpNY ass 9~ed +nd de~~~e~ed to ~
eny heW by aa;d IN~R~GAGEE as furthe~ secur~ty io saic monpsye dsVt, ~nd, nor leu ihsn ~en t~0) days in advanc~ oi fhe e~puaf~on uf each policy. to da
i~.er to said MORTGAGEE a renew~t Ihereof, ~oged~ wiih a rece~pt tw thr prr:nium oi such renewal; and ttrort ihall b~ no firo or wi~d~~am insurance
placed on a~y o( said buildirga, any intHest lhrre:o or par: thr~roi, unlcss ia thc form and w:~h the bss paYable as aioresa_id; and in Ihe evenl any wm ,
of nwn~y b~cornes paYabta under wcfi pol~ctr a polKas ss~d MORiGAGEE ?hail have ~he opt~on to recei+~ and apply ths sari~t at~w~~t of tM indsbte~- *
ness xcured F~~cby or ~o permit said MORTG.4GOR5 lo rKeive a~~d use iT or any oan thr:rol tor ofncr pu~p~srsrv.~tnout ~hKCV; vr~w~~x~ a rnpoir-
;ng a„y aqu;ty, Iie~ p r~qhi undar o~ by vi~tue o1 rhis mor~qa9e; snd ~n 1he ercnr sa~d 11t~RiGAGORS shatl fw ae~y rea~oo fail to kesp tF.e sa~d premises io ,
insured, o~ fail t0 delivar promplly any o( said po~K+es of insurante to said MORTGAGEE, w ~ait promptly ro pay fuNy any premium the~efw w in any ti'
respec~ fail 1o pe~form, J~xh~rge. ~xecu~e, effeu, comp~ete, comply wi~h snd abide by ~h~s cvvenant, u~ny Fart hareof, sa~d MORTGAGEE o»y place and .
pay fa such inw~ence or ~ny pa~t thereof without wa;ving a affec~eny any op~~on, leen. tqv:t~. or ~~9ht unde~ or by vi.tw of rhis /:.ortgage. and ~t~t ,
full amount of eatF~ and every such paymem shsll be ~mrned~ately due and payabie and sha:l brar iroerest from the date ~hereof until pa~d at the rate ot
n~r:a pe~ centum prr annum and iogatFur w~:h s~ch intrr~s+ shal~ oe a~~ured by thc :~eo of this mortgage-
s. To pe~mit, commit a su((rr r.o waatc, impairmrot or drterioration of sred prop:rty or any part thereof.
S. ~o psY all and sinyulu tFK cesri. cha?ges ~~d expenses, including a reasonabk attorney's fee snd costs of abstrscts of t:tle. incvned w p+~d a1
~ny +im.e by said MOR~GAG:E, bew~u w In ~ne event oi the failure on the pa.t of fhe said A~~RiGAGOR to du!y, promptly and fv~~y pe~iwm. d~xhs~ga
e.ecute, effect, comptete, complY with a~d ab:de by each and every the st~pulat~ons, ag~rrmrnn, corw~itio.~s, and covene~rs of said p~om~ssory note and thq
.,-orfg~ge any w eirher, arsd sa~d costs, ctwges and expenses. each and every, stwl{ be immed~~trty due ar.d payabte: whe~ha w not the+e be rnrice de
n,and, atrempl to colkct w suit pend~~+g; ano ~he full arnow» of each and eYCry such paymem shall bea~ interes~ from tAe date thereof until piid af the
re of n:ne {x~ crntum per am~u:n; arw ali seid costs, cnargas a^.d expenars ir.~v~ie..i w~;a~3, toy~tt.zr :~;~th s:xh i~terat, shs!! be setu:t~! by tfie iier? of thi~
~nwtgaya.
6. TF+a~ (a) in the event of any b~each af this Ylo~rgage or defa~lr on rhe part of ehe MORTGAGOR, a ib) ln the eveM a~y of sa:d sums of mc~?ey
hrrein re(erred :o be r+W p~omptly and fuily paid within thuy (30; daya next a»r ~he same severe;ty betome due ~nd payabie. withoul demand or oor~te,
ar (c` in the event each and every the stipuia?icns, agrcemenn, coed~stons and covenants of sa:d p~omiswry note and th:s mw~gage a~Y w e~ther are no1
~,,:y, pranpdy and fully performed, d~xharged execvtrd, eifeurd. ca-~p~eted, comp~~ed ~v~th and sbKled Sy, lhen in e~ther w any sucl~ evtnt the s~~d +g
3 e~ate wm ment~oned in said promiuary nere thrn re.~na~n;rg w,~a,d, w~eh intrrr;! aurued. and a11 maneys secured hereby. shall Ixcon+e due snd pav-
eb e lathwith, o~ thereaf~er, at the opr~on of s~+d lN72iGAGEE, as fu:ly and comp:c~ely as il a~l of tFx said sums of naney were o~g~n+lly st~pulated
to oe pa:d oo such day, anything in sa:d prom.:ssory note or i~ th~s Mortgage to the conaary no~withstanding; snd ttxreupon w ~hereafter a1 ~he optian of
s..d .V.ORTGAGEE, without notice or demand, suit at law or in eq~~ty, rherefo.e or therraf~er begun, may be prosecuted as if a:l rtwntys set~red hereby
r.:0 ~ildtLfCd ~Wf ~O 11! /t131ttVT~OA.
7_ That in the evenf ihar at tha beg~nn~ng of or at any ~~~r.e pending a7y su~t upon *h~s INortgage, w to foreclos~ it, o~ to re(orm if, w ro enfwce
,.i:::~cnt of any ue++ns hereundzr, sa~d l:~ORTGAG:E sna11 app4y ro the Ccurt hav~:.g ~~:~sd:cs~on thereo! for tFe a~ipo~ntment of ~ Receiver, such Cou~t shall
r._ c',..ith apprr.nt a:ece~~e+ of sa~d rt:ertgaged p+op_rsy all and a~~~la~, ir.c+vd,~~g all ar+d singu~ar the incoms, prohts iuues ~+d revenues from whatever
s.:~~-:e drnved, e~ch end every of wh:ch, ~r h,~~n9 oaprFSily ~nde~s~ood, is hereby nw+~aayed as if spec+ficalfy, set forth a~d desu~bed in the 9~~nting and
Febendum davses hereof, a~+d such Receiver saatl ha+e ait ~h- broad and ef{ec~~vE fur.umns and powe?s ia anywise enMSated by a Cou~t to a Receiver, and
s. c!+ appo~ntment ahall be made by such Covrt as an admitted rqui:y and a maner 'of rbs~lo+e righl to said /~RORIGAGEE, u~d without reference to the
a.i_quacy a:nadeq~acy ot the vaEue oi the p~ope.sy mo*tgaged or to tt~r so:v.:ncy o~ ~nso:vency of said MORTGAGOR a the defendants, a~d that such
.~~•~s. proti+s, in~ome, iuues and revenues sha11 be apRi~ed by such Recr~ver accord~~.g Io the lien or eqvit/ 01 said NtORTGAGEE and the p~actice of such
Coart.
B. io du~y, promptly ar+d (ul!y perform, di;charge, execute, effect, co.npietc, compl~ w~th arxl abidt by each and every tF?e stip~lations, agreements,
:~~d;riom and covenanrs in sa~d promissory note and th;s mwtgage set fw~h_
9. That in the evenf the ownerih;p of thA rr~ortgaged prem~ses, or any part thereof, becomes vested in a person other than the .NtORTGAGOR, the
~-+2'GAGfE. ~ts wccessc~s and ass~gns, mey, wirhout nonce to t!~ MORTGAOR, deaf v~•~sh such wccessw w successw in interest with reference to this
~•'ga~e and ih.: deb~ hereby setured in the same ~nntr as w~th :dortgjgo~ •x~thc~r in any way vitiating Or dixharging the Mw~gagori lisbitity htrr
_•;i•_r o. upon tfit deu~ hereo~ ucured. No sa'e of ~he pren:~ses herrby ~norrgagrd ar.d no forbearance an the pan of the MORiGAGEE or its successon
ass~gns and no exrens~on oi ~he Ti:ne for :he ~:aymem of the debt hereby secvrtd given by the MORSGAGEE or its succeuws or ass+gns, ahall operate .
c re~eau, d.xharge, mod~fy change or affe:t the ~rig~na! liaud~ty of the N.CRTGAvOR herein, either in whole w in part, t
10. It is spec~f:c3tiy ag.eed that rim. ~s of the essrnce cf ~h~s cartract and that no waiver of any ob~igaiion hereunder o~ of the obligstion st
cvred hereby shall at any time thereahn be !~eld ~o b~ a waive~ of the terms hereoF o+ of the inshumenl secured herby.
I 1. 1~ add.ro~ to tf:a fo~ego n~ month!y psymenrs of prir.c paf and in~r.est requ~:ed by the prom~ssory ~o!e se~u~ed heteb/, morrgagor eovenants
~ d agr~s to pay ta mo:~grc~e v.:th each rrr~ncialy pay~x~~ a+~ ad,:a>on~! sv^~ eY:~^~ated bi mo~toagee to be equai to 1,~ 12 of the annuat cost of tix follow-
A-Ait real ~;roperty t~Rrs ~evied or assess_Yi aga~•:s~ thc aco+e dtscr~bed rrol es!a'e.
$--Pre~r.~~:r.s on E>re and w~ndsto:~n Fnsura~-.ce as nrr_~n requ:red to be carr:ed c~ tne +mprove+neats s~tuate o~ thc above described p?emises.
j C-Premiur~s on wth m.orr~eae guaran~i ~r.w.ar ce as moftgay~e shaSi frc--~ Yme to :im~ deem fit to carry on the toao secured h~reby.
~ A1o~tgagee ~ha:i !rom t~n:e to rnne nc~~f~ mortyagcr in v~niir.~ of the alro:,~t d~e ~nd payaole herevndx and svch w:n shall thereupon be due and
4 ..,b:e o~ the due ciate of ~h=_ n_•x~ ~:onfh!y pjy^~ent and eech s~ccessiYe mo~th thereafter ur,:it mortgagee sha!! rwtify mortgagw of a change :n such
f ~un•. Such wms sF.a:`i be a~{+iied ty mortgag.~e to:+a+d the payment of real Rroperty taxes, insurance prem.ums, and rt+wtgage guaranty insutante
_ ^:ums.
IN :'ATNESS ~1M.RCOf, tne seid N10RTGAGOR has he+eun?o set ivs h~rd and scal the day and r first afores~<~ id~ /
Signed. Seated and delive~ed in the presence of: ~
n
_ .
' aq
~ (Se~R
y ~ y
S".~TE 9F FLORlDA ~
St . Lucie
~ ~U.'7TY Of ~
Before me personaliy appeared .?amQS E. Hayes -
_ Rubk, D Nayes n~s w~re, tc n,e weu krwwn ,r,d knovw, ro-me to bs
r~: ~nd:vid.wis described in and who executed tht foreyoing instrumcnt, and acknowledged befwe me that they rxewlr3 !4x slme': for the pwposes
ri-_-e~n e:presxd_ Md the sa~d- Rubv D. Hayes ti: ,
.:rz of t~ said J0m@5 E. Ha es ~i,,~„~,~,.~t~~
,~rt: r.ation by me taken uparate and apart from her said husba~d, xknowledged to anc! before me that she execvted. ~ ltM~i;IRM'~•f~~~bld ~~?r?'
' i
~ and w~:hou! any computsion, constraint, aeprehens:on, ot fear of or from he? said husband. 1 t~~
~
~ WITNESS my hand and affic;al seal this day of _ ~ 0.~9~74
• ' • v}=
~ ~ i' d • -
otary Public in and for t Sfi~~, ida ~ luge. ~
~ Y Commission exqres:
Returrt To: i ~ ~ ~
=;rst Federa) Savings a. loan Associat:on ~'fr~V~~~~'~,',`+~:
Of Fort P.erc~, ~r~i
~~+Nrrt:~s~'`~' -
Fort Pierce. Florida ' 1
~~~Q
" Instrument Pre :ed B Robert A. 9Misher, Jr. ~~~p ?Q1T1ui~ ~
Th~s Pa Y
First Federal Savings ~ loan Association y,ERK C~~~~T ~Rt ~
. of Fort Pierce , ~lorida 33450 RE~pqp 1iER1Ft~0
By ~ ' ~ S 9 0~ ~M'~~1
o R• ~ ~ ~~48
a~~K ~31 PA~~1~5? -
- . ~ ~ Sw
- ~
~ ~Sr r;.~."v~~'+t
~`..t~''.~'~-+~ _ _
si. " ~:~.7'~~'~.f~ti:,n.E~-~~.e`: ~ . ~ . - .