HomeMy WebLinkAbout1818 3. To p:ac~ and continuou~ly ktc~ On rh~ tw~'~i;nss ~,o+v w Mrraafrcr ut.,vt~ on ao~d Iand ~nd on ali eyu~p.+en~ and pNSOnslly covcred by th;s ma+Q~
a9e. w~~A all prcmiums thereon na,d u~ luil, hre inur«~cc ~n :M vti~?1 s~u~drJ pu}~cy twm, in a wm apprv~ed b: tF.e MOR~vAGEE. and w:~xlstwa~
r»vru~c~ in M uswl standa.d po:.cy fwm. in a avm a ro.ed by ~ht MORTG.~GEf. anh cc^~P+^y « c~+`.~+^'~ +s ~M MORZGAGEE n++Y
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d~rcct: anef all lir~ ~r.d w:ntii~am ir.w+anc~ f+o.Kie~ un any of ~e~d bu~d~~+9s. any ~nte~ea~ trnsrain a parl ~he~oof, in tiw~ ~gqre9cr~ wm atassaid cY ~
in excesa ~he:eoL ~Iwll contaie+ e1~e uswl uandard mo~tgsqre c~ws~ or s~:h oiher c~s~s~ as ~l~a A1cv~g~9e+ r~+y reqv.re. ma\ing tM loss wde~ sa~d pd~• ~
c~rs. each a~?d e~ ery, pe~abi-~ w ii~d l.1JRiGAGfE as ~is ~~,~.•rest msy appaar, e~d c~~h er+d every wch po!~cy thall lx p~omW~Y •is g~ed a^d dd~vered ~o :r-•
en:• heW hy se~d ~tORIGAGEE as fv~th~~ sew~ity ~o sc~d mw~~~qe d~nt, acJ. nof I.u ~han ern (t0! days in ~Jrante of ~M expiret~on of ~ath poGty. to d~- :
L~•er to seio IdORiGaGEf a~enrwal ~ndrrof, toycther w~th a~eco~pt (o~ llNC ptem~um of s~ch rentwii; and ~hrre ~hall bs no f~te o~ w~~~dttwm insur~tx~ . 4
pteccd on any of sa:d build~^gs, a~~y in~eresl thr~e~n w pu~ ~~~.~.:oi. ~ntrsa in ~he fe:m arxl vri~h ihe ~oss pay~bte as a}aesa~d: and in ?he event any suin ~
ot nwney bccorntf payab+e ~~dr~ such policy a p~~Kias sa;d MORTW?GEE sha11 Mva the op~•o~ 1a rrcr~ve and s~~y iM s+me u^ ~ttou^~ ~bted~
ne~s secured hrreby w to pe~mil s~~d MORiGAGOkS to rcce:ve u~d use it a a:~y p.~~~ th~: vt tor o:i:..r ~:ur~•oses. ~•.~~ho~t tharu} j wa~+~:~~ o~ ~+:~pau• .
~n~ ar.y ec~u~:y, lien or r~ght under or by v'u~ue of ~h~~ ~tm:~gage; and ~n tbe event sa•d AtORTCsAGO~iS ~hafl fa any teason fail ~o kcep the said p~em+ses so ~
,ns~:rd. or f~il ~o del~ver p:~npUy any of sa~d poi~cir: af insu:arue ro sa!d MORTGAGEE. or i~i; promptly to ~ai fv~ly ~ny premwm thete4p w~n any s'°•
respect (ail to perfwm, d:schr~ge, eaecuta, e:iec~, co~+pterr, co.npl; xi~h a~~d ~~+de oy ~h~~ covenanr, r any part h.~eof, sa~d M(.'RTt,AGEE may p~ace end ~
p~r fw. s:,ch ~~w~ancr w any pare ~M_•reat wrthov? wa~~~np or affr:~ing any op~~on. Ilen, equ~ry, or right w~orr .x b~ virtue o~ ~h~ti Ma~9~• +^d ~M
a~^a;rro of racA and e.~~y svch parmrnt st+.+il be ~~~~~~~ediarefy due J~XI f.A~.1U~C and ahail bear ineerest lrom the date lhtreaf un~il paeu at the rale ol
•~(xr CenWn: p!? Annvn~ r:xl ~o3r~rc~ ~+~th S~tR ~~tir~est si~a~, Lt itcuc<d by ih! ~~cn o~ tn~s ma:gagd.
To permit, corr:mif w suffer no was!e, ~~»pa+~~~~'^? or drt~~iorat~un of sa:a proprrty ~x aay part tFxreof.
5. To psy all and s;rg~lsr the custs, charges and expcnsrs, ~~:tud~~g a~easar+able attwney's fea and costs oi abstrsct~ cf tiNe, incvrrsd w paid at
•~y t;•cr by sa.d MORIGAG:E, becovse or in rf.e e~ent ol the fa~iurr on ~tx pari of the sa:d MORIGHGOR fo duly, prompdy and f...~Y PM~am, d~xha~ge.
cufe, effett, cemplete, co~npty wuh and au,tJe by each and zvery ~he snpu!a~:ons, agreemenri, tond~tions, and cevenan~s oi said promissory note and thi~
~~~~age any w e~~hcr, and sa:d costs. cFurges and cx~enses, eacb and every. ahaN tre immrdiately due and payab~e: whetF+er d not there be notite de~
n:and, atte.npt to co~lect or sui~ pend~ng: and ehe fv11 dr,pUN of each and every su:h pa~ment slw~t bear imerest frpn Ihe da~e thereof until paid at 1he
n;~~e pe~ ct-ntu~i H~ a:,.•~•n: o~w a~e sa~u :~s+s, cnar3ei a•~d rx;.ecses ~nCN'IEfI ot paid, togtthe~ wJh svCh inte+eaf, shall be sec~red by Ihe tien of this ;
r.ortgage.
6. Thst (a) in the event of any b:eech o( rhis Morsgage or dcfault o-~ the part of tfie b10RTGAGOR, or (b) i~ tl+e eveM any of sald svms of money r-
Fc-e~n reierred to be no~ p.an~fly ind tu~~y pa~d w~th~n ih,ny (30; deys next ai~er ~he same se+eraliy become due and payabfe, without dern~nel or nc+tice. .
:c) in tht event each and every the stipu~atiuns, agreemen~s, con~l~ritns and co+enann of aa.d promissory note and th~s morlgage •ny p tithe~ ars nol t
t
p~a~p~iy and futly prrfo::~,~l, d sv~a~ge.i, e.e.v~rd. e~frcred, canp:e~cd, con:p!~ed v.~rh and aS~J..d by, then in e~ther w any such evem the aald s¢
~a'r sum ment~oned in sa~d Fro:-~~sswy norc then ~e~aain~ng unpa~d, v+rth in~rre,t acuued, and a71 mo~e/s sec~~ed ~ercby, shall become d~e and pay- ;
e:, o iorthwith, or iherealier, at the op~~on of s.+~d AtORiGAGiE, as !v'ty arxf to.np~etefy as ii ail oE ~}~e s~~d scros o( money were org~nally sup~~ated ?
o h~ pa.d on such d.:y, anythinq in s~.d Frca„sswy note oc in this Mat9agr ~o ine co~~uary no~withstandu~g; and thereupon o~ the~eafter ~t the option of S
s• ~ r10RTG~GEE, without not~te o+ demand, s~it at faw a in equ~t/, rhrreiore or ~PCreairer begun, may be prosecuted u if all moneys secured hereby i
~ matureti pr~w to ~ta ~nstitvt~on. • ' . ~
7, lhat in the event ~hat at the b,nn~n of o~ at an t.me na~n an su:t v n this Mort e, o~ to foreclose it, or to refpm it, or fo enforce :
9 Y P~ 9 Y Pp 9a9
.•.^~em of any c~~:~r.s herevrdcr, s~~d :!vRTv..G=` shai~ sFpiy ro the Lc~n 6a..~~5 ~V'~SC~•f~~W11~~20f ~Of ~hC appou+tmeN of a Receiver, s~ch Cou~ shail i
;,:rh appo~nt a rece~•.er of s~~d me~tga,;eo p~cp_•:•r: a!i a:d s~~~y~~ar, in~i;xi ng :~:t and singuiat the irtcoo+e, p~ol~ts, iisues and revenues (ro~n whatever ~
dvivcd. ea:h and every o4 .~i::ch, n~ii:g ea*,:rss:y ~:nJerstcod. is r:er~-c.y n.o:~g.~g~~ aS~i( spec~tKelly set forth and drsuibed in the g~anting snd
~ ^•::~um c'avses hrreof, and wch Rrcr~:er sha~! hr+a all :he broad ~~~d rifctn.c w• u.a :s and powers in anyw:se entrwted by a Cou~t to ~ Receiver, and ~
__;,pointme~~~ ahai; be rnada by svch Cou:! as a~. ad~ni:trd eGu~:y and a r. s±ser oi a~so:vte ngh~ to said MORTGAGEE, ud withoot reference lo the
;~~cy or inadequncy of ~hc va~ue of the preprrty mort9ogrd or t:, ~he s~:.•_ -~'~~nc/ oi sa~d MORTGAGOR w the defendants, and that such t
• < protits, income, issues a~xl :even~es ah~tl tr app~~td by s~ch ~ec...•rs a~:e~d- g ru ~he lien w eq~~t/ of sa~d MORTGAGEE and the practite of such
,;~rt.
B. To duiy, prc~~pr+y and fu:~y rerEorm, d~schi•ge, e~e:~~e, eifecr, coT.;~~e~r, ce~•r:~~ M~+h and ab7de by each ana every the stipulations, sg~eements,
ens ar.d co+e .ants .o sa~o p:om~sso: y r.ute ar,d ~r.~s mcr'g3ge set to~th.
9. That in tF.e eve•~r the owne:sh p of tF., morigaged p~er•~ s4s. c. a~-y part t~ereof, Lccomes vested in s perso~ ather Ihrn the MORTGAGOR, the
R`GAGEE, 7ts saccesscrs and ass;gns. r.,ay, w::f~ove +w`~c! ro ~1~r ~1JRT~:FOR, dea~ wi:h such successor or auccessor in interest with refr.ence to this
'~~ye a~d the debt tkrrby scc~:ed ~n the san:e marr.rr as w:~h ~'o~r~ago. +~.rF~;,ut in any way vi~~ating q d~xharging Ihe Mortgagors' liibility hert !
or ~pon the debt herro~ secvrcd. T;o ss'c of t!~~ rre•~:ses hcreby .ro~tgay~d and no fabea~anee on the part of the IAORTGAGEE w its successors 7
ass.gns and no exte.~s:on of thr t~me fw the pjyR.e•~r of the d~b~ hFreb; secured g~ven by the NIORTGAGEE or its successors or +ss:gns, s~'~+~~ operate .
re _-ase, d~itha~ge, m.,-,d~fy cha.:ye or affecl the or~y~ne! iieu~~:ty of tiw NORiGAGOR herein, eilhet in whole or 'tn pa~t. , t
10. It is spec~f~.a'~y agreed t1:at time i: oi ti.e rsx~ce of ~h:s co~,uact a~:d that no waive~ of any obt~gation hereunder or of the oWigstan se-
. r<d hzreby s!+ah as any fia:e ~i,erratter be h~!d to b~ a wa~+e~ of the !rrma Mrevf or of ti~e instrvmenl secvred herby.
11. in a:i;i.t c.: to t1..: icr._gc .,o ~,.:..~:':'v i:.~i•-:~~~"s of f•i: c;:ai and i•~•errs• rcq~~red 'uy t1~e p~om• ssary no~e s^_cur~ hereb~. nwrtga~et tovenanii
^ a~•~es to pay to mo,tg ~y^e v.~'h rach ~~c•vh'y _.a;~'.e~~i ~n ao:;:~~ona: su~n ~s' - a~eci by mo+tgagee to be ey~ai to 1;' 12 of tne annuai cost of the foilow-
A-All real prope+ty ta~;s kned er assess•.ci og3;•~sT th-: acove drsc~'bcd real estate. ,
g-p,.~:•.:,:~s cr~ fi.e anti w6-:ds~~.m ,cs~~~r:e as ne•~~n rGJ:~ed tu e>e car.~rd on the imrrovemeats s:tuate on the above described prem~ses_
C-Pra•~:u:~s c~ suc?~ R:or'g~ye gua~a::ty ~r.:vra• ,=P as R~c•'~~.~ee s~ai~ fro:r t~me to fi~r.e deem fit to carry on the ban secured hereby. ~
lAongaree s'^.a" from ri r.r ro ri~-.e ~iGt Fy n;~.; yo~:;r •n ~:~r~t,ng of tne a~ o~~t d~•e and payabte hereundar a~d such sum shail therevpon be dve and {
•=rA on +hc d~e uare o# ihe next mo•~rtis, payn.c :r ar.A each success~ve mo.sth theceaffe~ ur.rFt mortgagee sha~l notify mor~gaga of a change in such
Such s~ms sF.ai's tx app'~~~ by :~:~rtga3-r io.:a•d ti:e pa~~renr of reat proper~y ta,ces, insvrance prem:ums, a.x1 mortgage g~aranty insurance
ms.
IN Y+ITP~E55 VsHEREGF, the sa~d M.ORSGAv~~z has hcre~nto se~ h~s hand and seaf the de6 and esr first~~~d. i ~
ned. Sealed a del' red in the p~esence o , ~ -
L 3~+, / ~ , a.-f al)
' ton W • BaiY
; - - - l f~ _ ,p
C. Balld a~
-
r
=-~;E OF FLORIDA ' ~ ~
St. I.ucie
_ .~Y OF ~
Before me personaily appeared Milton_ W. ~altd ~
Marjorie C. BaiYd ;us w;fe, to me well krwwn and kr.cwn to me to be
i~d~viduafs desu~bed in and who e~cecuted the for oirx~ ins~rument, and acknawiedged befwe me thal they e:etuted the sars~ for the pvrposes
-_-e"n exp~eased. And thr sa:d ~r~0lle C. ~azZd
'r of rhe sald Milton iAl. Balf(~_ upon a scparate and priv~te
.-r ~at;o~ by me taRen separate and aparr from her sa~d husband, acknowiedged to and beiwe me that she executed said instrwnent freely and vol~rn
; and w:thout any compu~s~on, constraint, appre ns~un, ot fear of or from her said husoand.
•1ii17;1E55 rny hand ard offic;al seat this____ day _ ~ tember q.~D. 19 74
~ ~
Notary Publ:c in and for the te of f a st lsr9e
My Comrnissio~ expirea: ~1~ a~ ~9~'~
Returr Tc:
-,n~ Federal Sa~ings 3 loan Assoc:at,on Z~Qfi6
Of ~o+t P e: ce. vZ
fort Pierce. F:o~~da • , ~ .
~ ~ ~'i
~A ~ i
i1E0011! tKRI?1E~.....~..i . , , ~ • G j • , ~ , ' -
This Inst~ument Prepared ByJohn W. Collins . :
F~rst federal Savings ~ Loan Association _ ~ ~ - ~ - ;
~ ~.f.
of Fort Pierce ~ F lor ida ~ ~ ~ a ~ - • = ~
/ ~ 1 i ~
Cl~ecked ey 4,b_-_--- ~s
. .
g~( ~ ~E ~ . -
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