HomeMy WebLinkAbout2523 io plaa and continuously keep on ~he bu:°~i;nps nuw a here,fiK Wtvoa on s~.d la~d •~d c~ ~ii sa~ip~••eM ud p~rwY?ally cova~d btl inis ~+or~
•ge, w~~h di p.eo~iums thcrcon F~~d m fu?1, h~e :na~ran:e ~ ~iti ~swt su~d.ud uo~K~ Eo~" w~n ap~xored by rhe JMORtGAGfE. ar+d w.~da+wm ,
fnwrM+ce in ~M uswl s~a~xla.d pul:cy iwm. i.y ~ sw.n apprc~td by ~tw 71~ORTG~iEE. ~n -~'eA cwnP+^Y a~+?:~a~~ss ~s ihe MORTGAGEE nwy
d~reth snd alt t~r~ and wino~twm inwraM.~ poiicirs on a~y of s~i~ bwid..~qa. any i?:c t;~er~ w pat the~wf. in ~M agg«4a~e swp afaessid os
in excess the~aof. shaU com~in th~ uswl ~~andud mo~?9s9es c:a:~st a such od,e~ uaus~ as .•r Nk,r~939~+ ^~+y ~~4~+•rt• ~~"O ~?oss u^tkr ++d po1? ,
c:es, each and every. paYable to uid AIJRiGAGE: as ~ts ini~y~st may a~:µu, and each ar+d e:-~r s~-ch po~.cy sMlt bs prompt~Y +ss9'xd +^d de+~~c.ed ro
eny held by sa:d MOR[G.it'sEE is (unfw~ stcu~ity ro sa:d myty:~e debt, ar,d. not iess ~h+e+ ten (ICi o•~s ~n +dr,?nce ot tM e~V~ra~wo of ea:h po++cy. ~o dr
;,~rr to s+id MORTGAGEE a renewat tAeraof, toy~e~he+ wi~h a~~cr~pt fa thr p~a+~~vm ot such ~ane«at; ~ ~he+e shall be no f~•e or w~:~ds+w~~ in:wanct
placed on a~r of said build~~gs. any iote~esl the«in w p+~~ ~~reoi. u,i;CSS in ~he ior~n a~.d w,.F the loss paya~le +s afwesaid; and :n tM e•ent any su~n
of monry becomes paYable unda+ wcF~ p~licl/ a PoiKi~a sa~c! AM1CRiGAGEE shall havo ~M aPt~on ~o rece:w u+d ~pp!Y tF~e sa~ne on account of M~e indcbted-
nass aecvred he~ebl• a ro permit said MOQiGAGORS ro recrire ar.d use it ot •ny pr'~ tntrrof lu a~e~ ?:u ,.~.sts, w:tr,:,.,t m_•. e~; tiva~.~,u~ cr ne~pa.r-
~n;~ 3ny equiry, lien or rgM under or by virrue of this mo::9aye% and ~n 1he even~ ~a d MORTGAGQRS sha11 fw u+y ~easx~ fa~l to keep ~he sa~d prcmises so '
,ns~rad, w f~il ~o del~ver p~om~tlY +nY of so~d pol:cies of i~s~rant~ ro a+~d MORIGAG[E, or fail proc..ptly to par fully any pre..+~vm th~cefor p~n a~y
.es~cn (ait q per(oren, d~xh.~ge. execwe. effect, cornplrtr, co-nply wnh and ab:de by m~s covrna:it, a~y pr~t hereoi, sa:d MORiG:.GfE may p~+ca a~a i
~.ay fw such in~wuxe or u+y p+rt ~hcreof M~fhout waivu~y a atiec~iny any op~~on. lien. cqu:ry. or r;gh~ unc+er or by vut~.e oF ~i~is Ma~qage. a~d ~he
f~li artcovnl of crch a~d e~'ery u+cA P+Y~tu^t sha~~ be ~m,~xdiate;y dve a~~d p?rabte and stia11 btar ir:crest irom the da~e thereof un~:l pa~d at the rate of
r per cenwm per a+~num a,r! roar~h~ti w~~h s.~ch ~roeres~ s+u~~ ;x sec~rrd L•y rhe :~en ot ~hts ma~gage.
4, To permit, cann~il or s~tfa no waste, i~tpaumrnt or dct~varat~c~ of sa.d prc~,crry or +~Y P+~ ~~'~i-
S. To R~y alt and singutu th~ costs. charges and expenses. Mclud~ng a retsc::abl~ ai~orney's fes and cosn oF absn~ca o( title, incw.r~ w P+~d a~
any ~i:ne by saEd MORTGAG:E, becavse w in the event of the fa:iure on thr part o4 ~he sa.d MORTGAGOR w duty, pro,~pNy and fvUY pe.foren, d.xhu9~
:~ec~te, ef(ect, canpiete, comply w~th and ab:de by escfi and e~ery the stipulefio++f, dg~a~:•`~`r.ri. tondition3„ ~nd cavener.K o1 iad promissory nwe and ~his
,,or~gaqe any a e:~hcr. a~d sa:d costs. cl~uges .~d eapenu*. each-u+d every. sha~l be in..-iedia~ely due and payab:e: vrlxths~ a r+ot ~F~ere be notKe de
rnafid, attempt ro colkct u wir pend~r+g: and +he fult ama+~t of eacfi and cvery wch pa~aient suaN b~ar ;nterrs~ fidn the drte Mereof umil P~d N the
_~c n:r.e per :entum N-rr an~w:»; a~ a+! aeid costa, c~a~ges and ..x;:e~ses ~ncw~cd or Na~d, toyethe. vi~~h auch inte~est,.shall be secured by the 1~ of th:s
mor Igige. -
6. Thaf (a) in the evenf of anY breach of this Mcr~gaga w defau:t a~ rhe qrt of thr MORTGAGOR, or (b) ~n the evenl ~ny of sa~d urms of eno~ey
here;n refe.red ro be nor p.ar~pily uKi fully pa~d within th+rty (3~! days ne~1 a4tcr tfie samt aeve~~!ty become due ~nd WY+We• witMwt dt~x~d w^Jtite.
or ±c) in !he event each and ev~y the s?ipu;atio~s, agrecmen~s. cond~r"a~+s and covenanrs ot sa~d p.omissory rwte and tl?:s mwtQage any a e:~he~ ar~ no1
i_~'y. promptly and iulfy perfoemed, d~schar~d, eaecuted, eifeceed, ca-:p:ered, cc-r:Q~;r3 w~th rnd ac~drd `ay, then i~ e~ther w any such event the said ag _
~~.~~ata sum r~t~oned in said pranisswv ~cre then remaini,+g u~~paid. wrth mtere;t acu;,ed. and a:f montys secured hcreby. shall betwn~ due a~d pa~r-
ac e f~rthwith, a ~ixreatrer, a~ tha opt~on ol se:d MORTGAGEE, as fully e~ canp:e~ely as ii a~l of tM sa:d wms of mw~eY were org~ns~h st:pu:a~ed
t~e pa:d on such doy, any~h~r.g in sa.d p~om~ssory note or ~n ~his /Nw~ge~r to fhe contrary notwifhs~and~>>g; and ihereupon or lhereatter a~ tl+e op~ion of
s~ d r.tORTGAGEE, w~rhout not+ce or demand, wit a~ law ot ~r+ equ~ty, ti~re`We ot ther<aiter begun, rnay be proxtuted u if all mo++eys secured he~eby
r-~ r.iatu~ed phOf t0 its ins~it~tion_
7. That in tne eve~t that at ~he Mginn~ng of o~ at any time pend~~~g any su~r upcn this Mortgage. o~ to iweclou it, or fo refwm it or to enfuee
,.~~.ent of any cia~ms hereur:der, said MVRiGAGE sral! a~:ply to the Co.:rt ha+erg ~ur.sd.cf+o~ shereof fa tl~e appantmeM of ~ Receiver, wch Co~A sM~~
~~~with appa~nt a rective~ of sa~d mortgagcd p:~;.~•ty aii and s;~~yular, ir.c:ud,ng ei: a~sd s~•~gv~ar me :ncane, pro6ls, issues and ~evenves fr.~n whatever ~
~ i
s_•_e derived. each and every of wn.:h. br~ny •.tpress:y ~nde+s+ocd. is i.e+~•~y ~,~or•gaged as ~f speufiully set forth and desu~b2d ie the 9ranting and ~
_•ndvm cfauses hereoi, and such Recc~~rr si,~it ha~e a:t :he b~oad a~~d e~<<`cri~e ~~:rCt.J'~S a~:d powera in anyw:se entruated by a Cw+t to ~ Recei.s+. and ;
s_ch appoi~tment s!~alt bc rr.adc by suth Court as an ad~nitted eq::+`y a~:d a rnatur of avsoiute r~gM fo said MORTGAGEE, and without refefeete ro the ~
,.,:;a_ scy a inadrq~acy of the vai„e of thr p~ope~ty ma~tgaged or +o ~1:e so:Y~ncy oe ~niotvency of s+id MOR(GAGOR a tAe defendants, and ~hat such
••s. profits, incwne, issues a~d revenues shail be appi~ed b~ s~.ch Receiver accor:i.••g ~u the l~en or e~uity of said MURiGAGEE and the practice of such
Ccort.
8_ To duly, prompt:y and ful~y pe~~orm, d~scharge, e:e .,te, e~fec~. corcplete, cc~ap+y w~fh and abide by each and every the stipu.atioos, a9~eemenh.
~•i~r+ons and covenants ~n sa~d pronusswy note ar.d tn~s ~•::rtgdge srt for~h.
9_ That in the event the owncrah~p of tF.e mortgagetl Q~c.T~~ses, o. any parf thereof, 6ecomrs vested in ~~no~ other than the MORTGAGOR. the
:~RTGAGEE, its wccess.xs and ass:gns, may, vr~:h~+t ~o~~ie :o ii:~ Y•JR1G-~^w, deai w~~h such succcuw or wccasso~ interes• with reEerence to this
- o•rgege +~d the deb~ hereby secured in the sa.~e ma~Tnr. as w~rh l:~o~ryr~or w:thaut i~ any way vit:ating or discha~ging the Morsyagors' liab~~~ty hert
,:~dr* w upon the debt F~_weoy secured. Fto sa:r of ~he Frem~ses I+ereby mortg~ord and no fwbear~nce on fhe pan of the MORTGAGEE or iri wccesson
ass:7ns and no ea'ersion af the ~:me Eor ~he payment of trK debt he.el~y sec~rccl givrn by the MORTGAGEE or iK wccessors or ass:grn, ahal~ opa+te
~~z ease, d~uharge, mod~fy change or affect the oriy;r.ai I;~~~;:r~ of ~he M.CRiGAGOR here~n, either in whole or ie pui-
10. It is specfically agrKd that time is of the essence of ~h~s con.ract a~d that no waiver of sny obi'~gatan hereurKler w of the obSi9atan sr
_.~ed hereby sfiaN at any time thereaFte~ be hcid to be + weiver of the terms F•r~eof or of the i~trument secured heaby.
1 i. In add,t:o~ to ih~ forego r.~onth'y ~~:n,•ms o! F~~:•.c ari e~,d ~r,frese reyv;-ed by ~he p~an ssory rw'r secu~ed hereb~/. mortgagor eovenants
.:,3r_.es to pay ro m.crfgaa~e x~~h eac~ ~^onvh y pa,~ r~~t ar. a3d :~o:~at s~ ~ es:. -~a+ed b~ mo:rgagee to be equal to 1,+12 of the anncal cost of the follow-
' A-All real p~operry ~3A2S .!'/:2~ o~ assess~,d aga~•:s~ m~ above d~sv:._d real es+ate.
~ B-Pf~T.:J'Tti on fire a~d ~«~ndi+o~~n ~nsL~ar.c~ as h~•e~r. req:,:r~d to be car.~ed w, the :m~rove-nae~ts s:tuate d+ thr a~ove d~st.~bed prem~ses.
C-P:emiu:r.s on such ~:o~tg~ge guara:~r~ ~rlu~a~ :e es mo-rgag-~e s~aY f:c~r ; rne to '~~~e deem`fit to carry on the loan secured txreby.
tAo~rgagee snal3 !rc.n :eme to t~rr:e norifr u~crrgago+ •R w:a~na of the amovnr d~e an.: payable Frrrunder and cuch sum stiail thereupon be dve and
e on ihe d~e cate of ~n~ neYt n:ontF~'y i,a7cr.enf a•~3 e~sfi s~tcess~,~e :*~o.^.th cnereaft^r ur.til mc~tgagee shaSl notify mortg~gw of a ehange in weh
_-._nt. Svch sums s^a[i i~e ap~~l.ed by mo:'gag~r ro.~ard ~h~ p:~ment of rezl property ra~ees, :~svrance p~em:~rns, aed ~sortgage gua~snry inw?ance
~ _'!'~'tiTS. .
1~1 WtTVESS Y:HfQEOF, the w+d HtORTGF.GOR has here~r.to se! his hand and sea! the day and yesr fint afor id.
~ 5'gned, led a ~rered in the presence of: ! ~
~ - ~ n
au . einec , a a~~
Pau einec h
~ ~ ~
Jo . Reinec e "
='%.TE OF FLORIOA c
I u-
_ ~UtiTY Of _ $t . L11C16 ~
Bef«e me perso~a=~~ appeared Paul S. Reinecke , I I I a/k/a Paul Re inecke ,,,d
Joy G. Re ineeke Ms w~te, to me weu known a~+d trww~ ~o me +o be
,_;:~dividuals dex~ined in ar~d wnu zRe!uted the foregang instrument, and acicnowtedged before me that they executed tF?a sa~ne fot the purposes
«=•e:n eapresxd. Ar~d tsw sa:d Jov G. Reine~k~.
of Paul S. Reinecke , II I afk/a Paul Reinec~e .~...u .~d ~~u
nat~on by me taken separate and apart fro+n her said husband, ack~owledged to and before me that stie executed said irntrwnent free:y and vdw~-
and withovt any compulsion, cor:straint, apprehens:~ ot fear of d from her said husband_
`NITNE55 my hand ar.d officiaf seal this_ T1: I,~ day of ~ tember q. D. 19 74 t
~
#
~ t~lptsry and fw t State of Fbrida at Luye
. Mr ~ _ L~ /9 ~-s' -
Retum To: .`~~~~~pu?Ur,::~..j ~,l' c
~irs: Federal Savirv3s a Loan Associat~on
+ 3
Of ~ort P.e:ce. ~~J
~r~~ ~ • , •.ti ~ ~ +
fw~ Pierce, Flor;da - l,~ ~ iILED R~0 RE~~~
`
: :
~ ~ 'i l iL 1,{IC1E C01b~ ~ 1 ~
: ~ ~ IIOCEA PO~tRA~
y .F ;'-1 F~o.~~ CLERl~ C~ACU~T COUR1
3 C3 ; RECOP.D YERtfiEO~
This Instrumenf Prepared By J. H. Robeits, ;~:r
i,~i
First Federal Savings b Loan Association g~, ~ S`p~ ~~.i
•~NN~~~• - 1 i1 9
of Fort Pierce , F loz i da ,._,J .
~ ftr~..sm_•.r'•'.
~h~~ B„ f~- t~ = Q 29t35S -
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