HomeMy WebLinkAbout1822 To p:xa a.~d com:~ua+~ly keep on the bui:J~~gs ~ow a hereo~~er si~ua~r on »:d la»d a~~d of al{ cquip:.ent a~d peno~~lly to~Ned by thii mw1g~
ege, w~tA all p~cm~um~ thrreon p,,:d in t~U, tuc ~~~~u~dMC m tAe ~swl s:anrJ.ud Ea'~<t {wn?. u? • i~+n a~.~o+ed b~ thi AtORiG.~GEE, a~d w+ndt~wm .
~nw~.nce i~ ~ha ~swl staaJard po!.cy fwrn, i~ + w=n apf-+u~rd bY ihs M7RTGt.GEE. ~n wch co.~~Y o? cr,n~pan~li as ~M AtORiGAGEE may
d~re<~; uvl all iue a+u! :.~nd:iorm i~su~a~~ce polK~.~s an e~~Y o~ siid bu'Id.n~s, any ~nirrest tAerein or ~xn thcreof, i.~ tfie aygrega+~ tium ~faes+~d a? , k
in excess thrreof, shaN con~.~~n ~he usv..l stendard mo~~geyre clause or such o+he: c!suae as eh~ Ma~gayee may reqv~r~, me?inp ~1~ tuss unJa+ sa~d poii~ ~ ;
c ea, esch and avrry. pa~ab:e ~o sa~d MJRivAGEE •s ~ts ~~'~c~rat n,ey appr+~, e~xi e..cA ar.d ~very ~vcA po:[cy sh~~l be pron~ytly as~g.~ed and det~vertd ~o , ~ e
eny held by seid ~tORfGAGEE ~s fw~h~~ srcw~ty ~u ta~d n.~:~gege dtb~. ~~~d, not leu ~~wn ~s~n (IQ) d~ys in ad~arte o! the expiia~~on of each poGty, ro dr
~:.rr to w:d h10StiGAG~E a ren~wal thrreof, toqt~htr v..th a rrce~pt (or the p~e~r.~u~n uf s~ch re~x+rai; and thcre shali F» no 6re or v~inds~oim in3utant~
piecrd on a.~y of said bui'd~ngs, any in~erest the.e:n or par~ ~her•:of, un!ras in ~he fcrm a~d wah te+e loss payable as a(aesa~d; ar,d in the e~ent aoy swn •
:,f nwney becumes payable undcr wsh po:icy o~ po~K~es s+id MORTGAGfE inell Aa.e ~F.e opr;on ~o ~~cr+ve and appfy t1w sa~ne o~ eccoum o1 the indebted~ ~
nrss setured ht~e~y o~ to pttutit seid lhOR~GAGURS to rtGairt arw~ use if W cn/ c~:,rt tl~ercof lor otn•.r pur~•~soa, v.~~ho~t tl:_rcu; .rair~i9 or unP<~"
eny eq~~ty, Grn w~~gh! urnlrr or by vlrwe of th:s mo.^.gage; ancl the event aad ]NORT(iAGQRS sholl fo~ any reason fail to keep ~he sa7d premisa~ so `1_.
-•sv<<d, ur fail ~o dNive~ praa~ptly ~~~y of sa~d po~.uts of ~:ss~:ance to snld MORiGAGrE, o~ fa+l p:omNtly ro pay fu11y aoy p~e~~~iw~ therefp w in any .•,.4
r~•s.:ect faii to per4orm, d~seharge, r:rcu~e, effeU, car,p:eta, co:r•µiy wirh and a5~de oy ~hls covenan~, a any par~ Aaraof, said MQRTGAGEE may p:ace a~~o. -
;:a, for wch insv~a.~ce w•nY part ~hereof v~.thoul waivi~y ot affecting any o4~wn, ~irn, equity, w rigb~ unde+ w by wrtu~ of th3s Mwtgsge. ~nd tht
amount of ea:h a:~d e~sry svch Fayr-~ent shalt be ir~med~ately dw; and payable and shall haar inte~esl (rom the date ~he~cwf ur.til pa~d at the rate ot
~ p~r :enturn par annum and tu~rtl.~r v~~ih svth in'~•:~s! :ha!~ ;Y s~•:~ied by ~hc :~en c+1 th~s m:.:t~age.
1. io pe~mif, ~a^~,:~it m,~iier rto we~te: ~••'W:i~~KN or d~~te~:or,.t~cn of sa~d propr~ty w+ny part thereof.
S. To pay all and singufer ~he coats, charges and ezpe~~ses. ~n;i,d~ng a reaso~iau!e atrorncy's fee ar+d coses of abarrac~s of titls, incv~red a pa~d a~ -
t~:•~e by sa~d NGQIGAGtF, because a m tix evcnt of the fa:iurr on tnr Wn of tlx sa~d MpRTvAGOR to duly, p~omptly and i~~ly perform, d~u~arge.
_.,;utr, r{fec?, cempie:e, compiy w~th a~xf ab:de by each aco every ~he s~~p~~at:ons, a~re.r~,~r_nts, cond~Gons, and covenann o~ sa~d p~an~ssory note and th~f
,r:.•ryege any or e~~i~er, ar.d sa:d cosis, charges .Rd eR~.~nses. ~ach and every. Siw;I i,z ~a~~nediate!y due and payab:e; whether or not there tx ~ot~te dr
r. d, atte~npt to coitect or suit pend:rx~: and rM iuEl amcwnt uf each and evrry wch payment shall bear imrrest from the date thereof ~ntil paid ~l ?he
n:~e Yet ten:um N.r an~~n:•=; a'~~ a!: s-~~d :.s:s, tr.a•?es a•~o ra~a~~scs :nc~ncd d pa~d, toga7net w:th s~ch mteresl, 3hal{ be tlcured by the lien O~ thii
,ro ~3agc.
b. That !a? ~n the event of any bresch of th;s N~ortya~e or dr~au:t on tik ~rt of t!~e A!ORTGAGOR, or (b) in the event ~ny of sa~d sums of money
he:e~n refrrred to be not pro:~,pt:y and fuUy pa~d v:i~l,~n ~h,rty (35~ deys neat a~rer ~he same se~eratly become due and aayabk, without demand a ne~ice,
-r c'• in tnr evem each a:sd ev~r~ ti,e s!ip~'atio~s: a9reemeots, cond~t~o~~s and caver,ants oi sa.d promissory :wtr and th~s mwtgage any o~ e~tM:' are no1
;u.,, ;~to•r.ptly ar.d ivi:y p~rformed, d~s:ha~yed. ?~ea.trd, e`fec}ed, co~a,~:ered, ton;pi~.eal v.~fh and abMed Sy, lhen in e~~her o~ any such evenl tlu sa~d ag
- i~•a stim me~r~~.~r~3 in sa,d pronusso~~~ nc'r ~h:r re:Tw~r~ng ~npa~d, w~th ~n:rre,t accr„ed, a.~d a;l moneys sccured hereby, shall become dve and pay-
: tcrthw~th, o+ tF,ere~'.~~•r, at ttie op~~en ci se~d ~.'!ORTGAGE'.. .+s .'.,~~y a~*~ wmp r+~•~t as if a!1 0l ti.e sa~d sums of money we~e w~g~~aily s~~pu:ated
~ h~ pa.d en svch dr~, anythmg in sl.d pron~ssory eiotr c~ th~s Ator~gayz to the canuary notwi+hst~nd~ng; aud ~hereupon o? thereafi~v at the option of ;
s t•.~.ORTGAGEE, w:ti.out nor;ce o,- de~na~ d, sv~t a+ iaw w~n equ•t~, th•~~r~orc or theeratter beyun, may be prosecuted as if sll moneys secured he?eby i
r .•,turtd pnor ~o ~ts ~:iscnusron. ~
7. Thjt in tre event ±hat at i~a; beg~nn:ng af or at any t:mc pe~~Y~:~g a~y s~~f vpon this N!orfgage, or To fweclox it, or to reiorm if, Cr to enforte
...::,r of any <:rims i~ereu~d~~, so~d I.'.ORTGi-~~-Ec shail a~.p?y to the Court ha:~~:g ;v~~sd.cnon th~reof fw the appc:-~!:nent oi a Receiver, sucA Court shait
•..:en appo±nf a rec~..e~ of s-~d n:ortg,yrd ~rc, e~1y a;! a~d singular, i~~c::xl.ng e.+ a: d s~ngu!at the i~tome, profds, issoes and revenuts fian whatevet
~ dcr~vcd. e~,n e„d tve~y oi wt..~!~. ' t.~~~:~ etp~e~s'~ ~nders!~o:i. ~s icrecy u~o:tgr.ged as if spea'icafly xt fwfh and dexribed in the gra~ting and
~~m c'avses Fereuf, ar.d s~ch iteca~.ar sha:i h: ve ail tne urcad ar.d e~fec!~+e i~~•x: c:,s and powen in eoyw~se eMrusted by a Court to s Reteiver, and
coinfinenr sh.,:l oe rride by such Ccu+~ as an ad:ru~f~rl ~v~:~ ar.d a matter oi .>~so,vte ::gM W said MORiGAGEE, and without reference ~o the
,cy or inadrq~acy o~ irte va:~e of rhe p~c~r~~y~ rr•o~~~yged o. to tke s~~•_~:y o. ~~:_o.Y~ncy of sa~d ltORtGAGJR a the defen~iants, and that such
s p:oiits, ircane, issues a:~ revrnues sha:: br appued by wch Rece~ver ac:c,d,~~g r, ~he lien or equiry of sa~d MORTGAGEE and IAe ptactite of such
~==-t. '
3. io du!y, prornpdy and tvtly perform, d~scharge, exrcu+e, effect, coT.{:lete, cor.~pty wrth and abide by each aod every the stipulations, agreements,
,;ns ar:d co:cnantt ~n sa~d prom:ssc•y cote ~:~d sh s:n~e:y~~e set forth.
9. iFat ;n rhe e~e^f :he or: ~+ersh~p of the n ~rt_»g,~d prc~n s?s. ar an~~ part ttn.. of, Eecomes vested in a person other Ihan the MrJRTGAGOR, the
. ~es s:~cc~_sw:s ~-.d a~• ~r.s. may, te ~~:e :'G4iv;-; Y, ei~~~ a:h svch svccessor or successw ~n interest ~vi~h reference ro thi~
~.ye ar.d ;F.e d_ut i:e:t:~y s~cuicd i~= ?t:e san:t ••:.+~~~~cr as :.~th ::.~•[~.~~n• v1~t~ut in any w~y vit~ating Or diSihargi~g 16e 11{Wtgagori' lidbility her!-
• o. u;;o~ +h~ d_~bt itireb, s~a~•_d t1~ s~'r. of _,:e•r.:s~rs her~~:,,r ~:~reg~grd and no fe•bearance on the part oi the ~dORIGAGEE or its sutcessus
s; :~ns and co eatrrs.o~ o` Th~ e~r~e ior she cj~~~~.•n: .o' t~~~- ~•-b+ h~reny sewred g~ven ~y ~he lhORiGAGEE or its successors or- ass~gns, aha~l optrate
__,se, dscha:gt. m.;d:fy c~~~:ge or at're:t the c•~g,~:e iiao.,:ty of ~iie J.•.;iRiGAGOR I~ere:n, eiiher in whole or in psrt.
10. It is spec:fi;,1~y _,g•erd ~n3+ +~~,e is of ti,~ ess>rcr of th;: co<,t:acr and that no waiver of any ob~igat~on hereunder or ef the obligafion sr
e.i hareby snat; at any time tharea!•er be F.ei~ to tic a wd;,:er of t; ~!erms hercol or of the it~strumeM secvred herby.
1 i. in ;:id t c~ to r.,~ fare ~,7 ^ onr^ ; i:ar.,,-.^rs of ;>•~-.c and ~arr*rs~ reyo :ed b/ the prom:sscry nae sewred hereby, mortgagor eovenanfs
:•ces ro cav r, r:o-'g~g_e ..~~h ra:ti ~ on~h ~;.a;: .•~~~f an a~;i,~ :~•ai s~n _~st ^'s~ed 6~ r.:or~yagee to be eq~ai to 1;' 12 of the annual cost of the fo3low-
A-r.~i r•_ai rro~rtp ta~as :ri~_~ o• sss~ss,ci st rh~ ~i~ove d~sc•.~~d rral esrate.
E--P: ,-a o~ f~re a~.d w,~::~sro •t ~rs::~;:-o~ ~s ~.~-:~r. r•q..red ro be ce~~+ed e» 'he unp~oveme~tS sit~ate on the above described premises_
I C--Prrr. ;~r.:s cn svch r~o:t~ •ge ~v~'-^.:'i 'rq~.•3: Co .S TC•tg3y?e sha.~ froT: ~ ~•e to t:me deem fit to carry on the loan s%~cured hereby.
r,lo~tg~g~e she l%•um e~~ *ir,e +~r.r~iy rr•erry~~~r +n wc:t~ng of tne ar..o_~r du~ and payable hereu~dx and svch surn shall therevpon be due and
o•, :h: u~~ oa~e cf ~h~ ~.•c --.o~rh:y ua,:~~•nr a~~~ e~ch s~ccessire To•~h r~.e:eafter ur.~ii mortgagee sba?! r.ot~fy morrgaaor of a change in such
~ l Sxh s.,ms s~a~~ ::e apj..~ed t•; moraa~ ~e ~or..••d ::~e payment e( ~ea! pre~.erry ta:es, insurance pre~n:ums, and mwtgage g~aranty insurance
~•s.
I IN i:1TP:E5S '.YN~REOF, tre se~d R'•ORTGA:'~uR has h~•re.,-+!o set his har.d ard seat the day and year ' st sforesaid.
Srg~ed, Sea:ed and delive:rd in the p~esence of: ~
A ~ r :
- . ar es . a ver, a sing ~~dult $
~sNn
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' ~ GF fIORIDA ~
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' i'; "Y OF ---~S~t_ I.~l~le - - ~
Belore me ~r_rso^al~y a~~a.•a _--____Charles E. Sarver, a single ddUlt ~X
~~1~CYYYYYYXXXX XXXX?C?DCXXXXXXXXX:OCXXXX7CXXX)OO~OCXXXXX~OCX~`(s7~~CK, to me we!{ knoyr~i ~nd•krw~n to die to be
•_~-:d~~ic;va~ desuibed in and who eaews~ ~}r_ foregoing ins!rument, and atkrww~edged Lxfore me that he exetuted ffe ~e for Sh! pvsposes
-_-en expressed_ _ 3CXXXXXXXXXXXXXXX7IXXXXXXXXXXXXXXXXXXXXX7CX7IX?GXX}NJC~~CXXXXXXX
: ~x~ _ _ - -v~ vyXX~[XxXXXXXXXXXX?L~C~SXXXXXXXXX~iJCfC
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zXx~cxssaincxay~~satPU~iS ~aG~{?S~G ~5~ _ _ ~ .
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~11iNESS my har,d aed aifiual seal th~s_ _~.1~~.C _ d3y o(_ ~ g• 19~
~
. • _ . . .
• ~ - :
s~~~- ry Public in and fw the State of Flqida,at,~a?~~e/
. Corruniuiort cxpires: l~t.A~t j~~ ~ 9~
Rervrn To: F/~a~ci Q -
- .s: Federal =a.~r:gs R Loan Assx,~t:on ~O8(~R _
y
vf f~.~ F~,-<<~. ' f 0 ANO RECp~Q~~ ,~~s
F~~,~~~ % ~~~iE COIIftT~ f >
.
' CLERR C
BCWt~0:11Rt . ;
RECORp y«rrfEO~~
This Instrumeni Prepa~ed By Gary F. Ell~voo~~ ~ '
Fi~st Federal Savings & loan Association ~~~~l~ _
of Fort Pierce , F lor ida ~~G~.
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~hecked By -
~ ' - C:~
_ ~ ~ - - - - - - -
~ ~`f~" ` -
~ ` ~,4 * Y
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