HomeMy WebLinkAbout2987 To pl~u and conrinuouslr kecP on N~ Iw::d~np~ now or I~e.rah~. ~i1.,aN on sud I~w~ and ow al1 t~p~na+1 ~nd P~~sav~~Y w.afd by ~A;s w~p~
u
~ge, vri~i~ ~N premiums ~Fw*a+ pe~d in (up, f~e in,.~ance M/M uwal ~~andud po+~cY hrw. w• s~.A . apwo~d bs 1Mq MOR:w1~'sEE. and Mrw~dpc~m +
~nsu~w~t~ in fM uw+l st~~d pohcl/ Fwm. in •:wn spprowd bY ~M M041tiAGEE. wrt# oawP+M? o~ cs~i'~~M ~ tM 1MOR(GAGfE +w~y .
d~ra~; ~~.d ~N ('a~ and w~~dslorm im~:,~nci ~+a:ciea on a~+~ of iair S?+~d.~gs. r?Y inhASt McnM er p+K Mn~oi, in qr ayyr~yaq wia ~forss~id o~ l
~n excesa tl~reof. MsH co~qin 1M sraw~ ~fanderd rno+~g:ges dsw w su0: alw dars~ r N~ Mo.ty+~ ~+Y ~~n• wa?~wp t?~ ?oas w+da sad po~• ~
c:es, e~ch end every. peyib:e w said AIJRTGAGEE as ~~s ~~:t::.sf cnay aNpe+*, and cach snd eve~~ s~.cA po~u~ sh.:l t.~ p+o.r.pttY +~s 9'~rd ~"d dei.vNed to w
eny heW by sa~d MOkTGAGEE as tur~her cewr~ty a ss~d morfpa,~~ de~+. a~+d. ~'ess ~hao tt~? (t0i d+~s +d<a^;.s o~ ehe eij.~=a+~w+ of exo po~~cy, ~o de-.
I~~e, to said AAORTGAGEE a raiewal-tl+ercof. ~o~e~he~ xi:h a rett:pf for the pre:n:wn of wth rr.?e«at; ar+d ekxre s'?ail bs ~+o i:re o~ w~.kiar;,r,n insw~nc~
plsc~d on ~ny of sa~d puildi~ps. ar?y ints~e~t ~harein w W~t ~he~cot, u~:oss .n thc fwm •nd w~th the totis piy~~~e as afuesa~d: wnd t1~e c.e.+~ any sum
of mon~y becane~ WY+bls un~r wc1~ politY « Wi~cias w:d MORTGI?GEE sluil hns Ttr opt.or+ w nceM and app•yF t1r ss~we ow ~cooura oE t!K indsWd~ •
~ess secured hNeby or ro pt~mit seiJ MORTGAGORS ro rece~re ~~d use it q n~y ran sf,rcao( fa crn-+ ~srs. .v.ftr.:! +h-•..,r or .,*,,~a~r• ,
iny any equ~ty. I~en or riyhf ~nder a by virtue o~ th:s mae9aye; and ~n t!x cv.n~ sa.d MORIGAG()R~ s1w:t iw any ~eas+n fa,l to krep the sa.d p~e+r„srs so
inwred, or (ail to deliver p+omp~~y anY of a~;d po~t~es ol ~nsu~~nce to sa~d NIORTvAvFE, or fa~! p:ompi{f lo paY ty+21 ~r p~tmwm ~he~efo~ w w+ ~y ~
rei~ru fait ro pe.torm, duharge. sxacute. effeU. c~r*~p'e:e. compfY w~rA and +b~de by ~hw core^,+n~, e' a~y p+ut hz+eq(. sa~d MORTC,ACEE ~+ay piacs a^d .
pay (a such insurance or any put thrreof w~rhou+ w~iv~np u affeai~p a~Y ~Kn, ~V~+:hl, r:gt~~ vnde+ a b~ v~*tue ot th~a ~o.ty~ge. and ~he~
f~:i a~raunt oi each and e.ery such payme~t sh,i~be ~~.Ted~ately dve and p+rab2e a.~d ;Fa:l brsr in+aest from ~ha da~e thc~cof urtiil pa~d at sl+e r~te ol
~.•e per ce~tum pe~ annum and ~o~rther .~rh s~ch ;nfr•rsr s~ati tx srcurrd b~ the .~en of ths m•o~tgaye.
1. To permit, c«nmi~ w wffer no wastc, impair~neN pr deter:orat:on o~ seid poF~.ry or anY pu1 the+eof-
S. To p~y all and ak+~ula. tM coats. ch+rget and e:~ses. iulud~rg a ~easonabl~ atso.nr~r's fee and .oses of abs+r~cts oi tNe. inaw.~d a paid ~
eny rime by sa~d MGRTGAG:E, betavse a in the eve~+t of tt.e ie:iure on ~he pan of it,e aa+d MORTGAGOR w duly. Wa^F~?r +'~d f~ii~ pe.fo~~n, d~xFwrge.
exac~te. ef(ect, tomplete. ca*~ply w~th and ab:de by each and every the s~ip~,!a~:ons, ag~~~+~ents. cond:~~au. u~d co~cnann of sa+d pom;uwy note and ~ha
no,•gage any w e~~her, and sa:d costs. charoes and expe~+srs. each ar.d evc+y, shaU br :mR+ed~ate7y dur and parab:e: whetl~s~ w not tF~e.e be noi,ce da
~„nd. snemp~ ro collect o~ w:t pend~ng: ar~d ths fuU enwueN ~t e+c~+ and we~y such peya~~ sh+li be+~ in~srest frww Nr d~?e dweoi v~ pud Nr
•.r~ Ji n::+e pe~ cen~um f~2+ ir~~~u:n; arw :.il said cust~. c~a:grs and ea,;cr.ses :nt~-red a f:e:d. t~,yNhe~ wah sucl~ ~ute~est. sh~Il bs secured by tFK l:en of Ihy
mortgage. '
6. That (a) in the event of any brcach ;;t tF~is lMyortgage o~ defau.t on the pan oi ~he MOpTGA(',OR, o~ ;o) in the eve~t an~ of sid wms of money `
herein retened to bs nW p~anptly ahd tully paid w+~t.~n th~.ry t3~1 days nexf a:hr fM ssm~ severa .y b~co~ns du~ ~r?d P+Y+~e. wi~+~out dan~nd a rso~KC.
or (c) in tfie event each snd every Ihe stipularions. agreer~nenn. cendi~'.ons s~d coven+~s ot sa.d pron+:sso.r ~+ote and ~Fus ~wort9+9~ +^y a eiehn are no1
i,.:v. p:omptly and iulty pertormed. d•xhargzd. e!cecurrd. e{tected. ca~~:c:rd, comp .rd +..tA ar,d ac ded 5y. then in e:ti+er w any svch sv~nt the sa.d a~
3-~~gate sum meorioned in ssid prom~ssory note then remainin~ ~npaid, wirfi in:erea~ ac;r~ed. and a~i mwseys seuued FKreby. sl+a4i become d~re and p~y-
ao c fortkw~th, or thereafter, the op:~on of sa,d MORTGAGEE, as fuuy acti! conp`r:et~ as it ~11 of the sad wms of mo~ey r.ere org~++~ly u~pulated
ro r~? pa~d on such day, anything in u:d prom~ssory note cr ~n tn:s A!ortgsge ~o ene convsry n~e..~++hsist+d:ng; and ~here.ipon a thereahe~ at tAe o,+:on of
:~.3 MORiGAGEE, w+thout nonce o~ dem+nd, sui~ at law or in eq~,ny, i+xre!orc a the+eaiier begu~, maY be pwsecuted +s ~f +1~ n+oneYS seuued he'ebY
r<d maturld prM~ to ~b in3titvlMn. -
7. ihat i~ the eveM that at the h~inring of or st u~y t~:re pe=~d~ng any sv t u~.n this Mo•=gage. o~ to foretlox H, or to reform it, p to enforce
;~,~,enf of any daims hereunder. said l~WRTGAGEE sha'•1 apply to ~!x Co::~~ tia~~~•g ~=d•ction ~F+e~eo1 for t1+e appo+nM~b?t of ~ Rece:rer, such Cowt shail
:~~h,~ith appoint a receive? of sa~d mo~tgaged pro~+~y aL' and s:~3v ar, inc:~.d •;9 v+ a~~d s•:.3u:a: ii,r i*.come, p+of~ts, iswes a.-d revenues from wtwterer
s_ ,•ce derived. each and every of wF~:ch, i~ be~r.g expresk'y underi~cad. :s hc:cbr n.c.:~~:ged as if spec.f,u:iy set iw~h u+d dexnbzd in rhe 9~u+ring aod
e~dvm :tauus herrof, and sucl+ Rcce~ver sheN havr a~l ihe brcad a~d efiec'•.r fv~z:.c.-.s end por.ers in anrw.se entruated by a Cou~t to a Recri~rer, and
s. ~h appoin~mrnt shali bc made by such Court as an ad^utted ~w:y and a R.a++r o! a~s~.~!e r:gAt ro sa:d Vl'JRTGAGEE, a~+d w~Thcut reierence ro the
a.i_.~~vcy w inadrqwcy o( the value of the propr~ty mortgaged ar to ir:e so.•°~.Y = ~='~C.alMy o4 sa~d MORIGAGOR or the dcfendann, a++d that s~ch j
~•~!s, proiin, incorne, issves and revcr.ues shalt be ap~„ed 'oy wch R~cr~.er r._r.d..:3 re sl,e ;ien or equ+ry of sa;d N102iGAGEE and the p~su.ce of wch ~
Court.
8. To duly, prompt:y and fuliy perlorm, dscha.ge, execute, eitec', corr~`•e!e, ccr~Yi~ w~ih and ab'.dt by each a~d every the stipulaliae~s, sgreements, ~
;ond~tions and covenants in saed promisswy n^te arws tb~s mc:~gage set forth i
9. That in the event the owne~sh:p of ,:se mcrrgaged p~em:ses, w ar.y part ti:-_*ccf, ~etames ~es•ed in ~ pe*son other than the MORTGAGOQ, ihe
:~RTGAGEf, its successors and au~gns, r.cay, w::h~vt r.of:ce ro ~t~e ~.uR?G~G~, dea~ w~:n s~:l+ s.rccessw w sxcessa in ~+steres• wLn reference 1o th+s
•rc•tgage and the debl hereby sec~.ed in the same manner as rvnh La*t3ego• w:thout i~ any way vit.ating p d+xharg:ng the Mwtyagwi liability herr
~~der ~ upon the debt Fxroby secvred. No sa'e ol the Frem~sts h~_reby mo++gaged a~d reo faEearance on ~he pa?~ of the ?AORiGAGEE a its successon
or ass~gns and no cxte~s~on of +he r~,ne for ~he E aymem of the deb+ he~eoy sec~red g~,ren by ths lJk7RiGAGfE oe its successws w ass~g~s. ~iiaif oper+~e
ro reteax, d~scharge, modif~ change or affecr t~e cr:g~ne! I~a'c~~:t~ of ihe NARTGAGOR F<re.n, either ~n whde or io part_
10. It is spe6f;cally agreed ~har nme is o~ thc esxnce of th~s co~~~act and ihat no wwer of any ob::ga~~on herevoder or of the obligation sr
;~red hereby shait at any tir.:e nc~+eafte+ ce hed to be a wa,re~ ef the te:ms hereof o~ of the i~s~*un'.~nt s~a+?ed he+bY-
11. In add,t:o~ to rhe iurego~g ^~oneF.:y ;.~;^en•: of p=~rc;~ai ar~d ~~"2'r5! 'P)U~"Pd oy the p.a^+sscry nare sr_ured hereb~, mortgagar covenaets i
•~.d agr`es to pay ro mo:tgagee x~lh eacfi mon:n:y ~jf.~e~t an add~r~cna: slm rst:~~ased b/ mortgagee to be eq.+al to 1,' 12 of the anm~al tost of ihe fdbw-
A-All rcal property taxes le~.~_d or aesessed ay^ei~st tF+e abo+e desc.~~~d r,al es~ate.
B-Prem~ums on f~.e and wiads~or~r, inwra^ce as ~e~c~n reGv:.ed ro Fr ca-r«d c~ t?:e [m~rovemeats s~!vate on thr above descrFbed premises_
C-Pre~n~~ms on wch mwtg~ge g~aran~y irwrarce as r*,~~rgagc-e sha3 f.o-r +.:r *o *:~ne dee:*+ f~t ~a curY on th~ tosn sKwed he+~by.
Mortgagee sha!f from time to t~^:e n~r~i~ rnortgagcr ~n wr~t;~g of ~he rr.ou~t dcse and psyable hereundrr and sucb w~n shall thereupon be due ~~d
._;able on the due dere of the ne,c~ -ranth:~ payrne^t and each s~cces;,~e ~o~'h ri,ereai~er ur.ti~ mwfga~ee sh-i!1 *+or:fr mortgagar oi a charge ir~ such
a~~eunt. Such sums shatt oe apr;ied by mort~ag-e tona:d :he pa~ment of real property taxes, inwrance prr:n.ums, a~~d mortgage guaranty irnwance
;,~E•r,tU -
ITNESS E OF, tne sa~d MORiGAGOR hes hereu*~ro set his Fwnd a.~d sea+ d:tl and lrou first a{oces+id- . ~
S- de~~+reT ~n pr~urx~ of: f ~o,NQ ~ ~
, • E ~ ~ .R--i h._ ~
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ItOQE•t:GWt C~ .
Cl~ a V LR~r ~EO ~n
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..iE OF FLORIOA ~p~
ss.
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c~uvrY oF St Luc ie 1 `
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Befue me penons~iy appeared Audra R. Covert, a siagle adult ~pc
_~i1'~~ ^'~'YYXXYYYXYYYX 'YX]'X]CXYYYYXYX]OCYY]C1g1LY.~ 10 ~il! lllrlll ktWMtr1 a+7d kf107NR t0 RI! 10 6!
th: individual desuibed. in and who executed the /oregoing instrume~t, and ac#nowkdged before me thag he e:ewted the san+e for the purposes
rherein exp!essed. Aat~m~aaf~L~•Yi'i~~iA Y]~]c X]ix~XkX~]LXX]C]CJ~XXYYYYI[XX~yXXX.YkX7CX~SXX~GXX~CXXXXX~CXX
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'!!5lR~ica~t~7pJCR~C![~Ibl~lO!lt~c~~t
WITNESS my hand and offic~at sea! this_ day of ~ 19~-
.
.
Notary Pubt~c in and for the State Hwid~ a 9e
My Comrn~sian e~cpires:
Return Toc J//~~ ~ f9~~
First Federal Sa~ings b loan Associat~on
s
Of Fort P:e:ce.
fort Pi?rce, Flo.id3 '
- •'j f
_ . •~r y~ i
. _y~T~ I. *
This Instrument PreparEd By Gary r. El lwood ~~-3 ~~:~}~~`~~r~~,~,.'-';, i._=• ~
First Federal Savings ~ Loan Association --:t~~~ f'-~~~ ~ ;
of Fort Pierce, Y lor ic3a - : ~~t;=: - ~ { _
~
: ~ t: s i
C~r~S~ r; 7
F` ~
Checked By f f .
, ~i
~ ~~I11+•=~N...'
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