HomeMy WebLinkAbout0254 1. To plate and continuously keep on thr L~~ ~l~~~gy "~+v an c~•c~(ter s~tu..~r o•: s id lard and un .ili eq~ipment nnd personalky tovered by tfiis mo~~g.
ege. w:~h all prem~ums t1~.:~con pa:d ~n full, i,re ini„~~~~_.. ~n the .,s.,ei a.a~~ci,•,i ~-:.~~y fcr~n, ~n a s..m aHpro.~d by Ifie MUk~Gi+GEE. a~,d w:~~dstorm
~ns.,reo:e ~n ~ha ~suat s~a~~dard pol;cy iann, in a w~n oNp~ovrd 'uy rf.e M:~~~G=GEE, in such cwnpa~~y or cc~n;;ames as ?ho MORIGAGEE m~y
d~ract; and all lire a~~d w~nUStorm insv'ance poi~c~-~s a~ r 1r of s~~~J !w~.u.• :;s, a~~r ~nte~c~l ~~rrein or parf ihereot, in ihe ayqrogate twn stwesaid O~
in exeru tha~eof, sha:l confain d~e uw~l star.ci~rJ mort_i iyeTC < avse w s.•ch u+~~~~~ c,.~se ai thr A1o't~~yae may reqwro, m~A~ng the .os~ ur.drr sa~et po~i-
c:es, each and every. D~v~~~e to said M~.)k7~;AvtE ai .~s ~~,ur:s~ u~ar r;,p-:ar, .i :..i~ ~:~d e.e~Y s~~c4 po~:cy sh,ll t~r pranp?ly assg~,~•d a+•d del~verrd ~o =
eny he{d by said h10R!GA:~EE as further src~nty to sa~J ,:.u:i~~ye :3_bt. arJ, n:• :~as e~,.n ia:i t;0, da~s c~ advs:xe e( the expuation o+ each pol~cy. to dr ;
i~var to sa~d MORTGaGfE a rrnewal thercof, :oyrti~r~ wnh a r:•cc ::t to! i.'~_ p~~•"~'~"' ~r such ~en~v.a:: e~~d lhere shall be no f~r~ ~r wi~~ds~orm insurante '
~n i
p!3ted on any oi said b~ildings, e~y ~nt.rreat therc~n or pc~~ tha~~o~. :•n'csa ~n a~~d .v~~h il.e loss {:eye:.'le as afc~esaiA; and u~ !ha erenl any sum
of mo~ey becanes payat!r undrr such po'kY a p~l~cies s.+::i h1GKiGAi..EE sh~il h~.e ~Ik o~~t~on to ~rc~rie and spply the same oo acco~.M`o( the i~uirbted-
~ Vf 1•1l 311- 3
r;ese src~~ed hrreby u: ro pemiit s.+:d ~.1JRTGAGORS ~o r~.~•iw~• o:~d uae it or : ny :.=,r i„.:.,of ~or c:~,rr pw~ :SrS. vr.~ho~t ~h r~.:,: J P j
In~~ any equ~ty, I;en or ~~~ht under w by virtv_ of tn~s mc: ~g.+9~; ~~d 'n the evrm se d 4` ~~2TGAGORS shall br sny reason iail "tb keep ~~~e sa~d p~em~a~-s so
~~wr~-d, or fail to d. :.er ~ro~nptiy any of s..~d rol~efe.s ;.f t~:su:~~ ce to ~a d:1.Ok:G%~L£, c~ ia,i ;,r~n,~fly ~o pay }ully a~y p+e,nw~n themfor or in anY
rrsF.ett laii To perfo~~n, dischuge, execcte. e~feU, co::,~,~c'r. c::' ~.~r 'a=ih °`d ~b'~~° 't~:s covena•~t, ot en7 p.irt htteof, sait~ MORTvi~GEE may ptdtr a~~d
Fa s~ch insur.,nce or any part ~he,-rof wi+hout .va~+<<<g or ,,i~_ ~~n9 eny o~~::~~. e~~~~tY, or n~hr under w by viriue o( th~s Mur~gnge, and the
~~'i anwur+t of ct.h ar.d e.ery such p~rmrnT sk~!! Le n-~~.cdiot.•'y J.~e :d C: ben: ~r~~resl ~rcrn Ihe data thercof unsil pad a1 the ra~e o1
. prr :ent~~r ~_Cr a~1n~i.i .r,d ~:.~:•;l~. : .v-h y.~,:~ ~ir..~~;st r.~~..:. . ~ ~'ri i., ti,.. . •ti;3 mD:t~ey~~. .
l. to pennit. ccm:nit o~ suiicr no waare, 1:: :,~•~t o~ .2~~:~~,•.•r :.,..t a~ d ~^~..~!y or ony ~ 3tt ~hereoL ~
5. To pay ail and sing~la~ the costs, clearges a~~d r•;;e,~e.~i, ~".'~un.':3 ~'~'~se'."•,'^ aTr{,.n~y's and msts of sbstraets of title, ineurred or paid st i
tin:e by sa~d jf~GR1C~AG:E. because cr ;n rhz er~•,;t fi,: i_. •.~r o~+ .-~r ~':r ~.~d !.:JSiG~GUR !o du:y. P~on,ptly and lu~ly perform. d~scha~ge
. u~e, effcu, wm; lzte, ca~+pfy v.ah ar~d ah.de by e:c~ e~d r.<•ry T`~•• =:~P"'~=' ""'`"'TS. ~°"1'~'ons, and covenants uf sa~d p~om~ssory ~ote and th[~
..rrryoge any or e~!her, a:d sad cos•s. charges .:•~d crir~~ses. .j~d s' ~:~Lase:y dve artd payab~e: whether w not there Fx not~ce d~
I:,~,:!, at~empt to co.:ea or w~t pend.ng; ar~d iF,~ iu:• ~'~~v~'t oi ~.,~h ...d es.~~: s_~r: :~,~n.r~r snatl lxa~ i~+cras~ from the dste thereof until paid at the
, n.,_ pe~ o:nt~n, .,:~e. ;n.u ~ s, . s :.c;, ..r ~-,.'J. to.,~eti~er w~th i~ch inte:est, ihall bb secured by the iien of this
_ ~ty ~ge
` p. That (a~ in thc ewnt of ,~ny br•:a~h of ~i~~s A1o•t.a.~y~ c• <i•r'.+-:T o' o"' ' ~'!~~~GAGOR, or ;n) in the event any of sa~d s~~ms of nwney
h_~n~ln~rrfer~ad'~o tr_ no1 ~ron~ptly acd f~E~y c,a~d ::eiv•: ~h.~:y ~.'..,r+ r..• s..,:,e .c~erot;y ce:o-»e due and payable, witiwut demand or notite.
c~ in th~ evenf ~r~ch ard every tne st~p:;'a~~_ •~s. a.,~._em~~:~; a,.,:i ~ c~. ~.,r~i ,.~.e•:.. oi s~ d n~w*+~swry no~e and th~s nw~tgage any w e~iher are npt
~ . ..r:~ ,.,:d a::.d~~! then in e~ther a any such event the sa,d aq
. ~ GrO~nO~iy dn~ t.,':y ~;fr~Jr~n~~. LSi-':e~J . ~ J ~ - ~
,-~,re sum mer.noned +n sa~d pron sc.., n f ~i . 3 t^. ~ -.d. ~~~d ~'oneys secu~ed hereby. s~all become due and pay-
• forlhw~th, oz thereaftc~, at ti~e c~ s~•~ ti..~~+~~~~~ t- ~ ~ i os ii a~i of ha s~~d sums of money were or~yir.ally s~~pulated
pa:d cn si,ch dc~, anyrh~oq s dJ~« »o~y r. i :r, ~ or~~,r}:u~~.J~iy; and theteupon or thereafter ~t the opuon of
•1pRiuAGEE, w~'~.,vt no~~ce e~ d_.: s!~t R~ ',::~~~r ~•-y~n, ,uay be prosecuted as if atl moneys Secured hereby
, ~::atured pt~or ic ~ts institvt~on.
7. Thae in the ever.t ~F•a+ at the h~3 ~~n~+~:g c' ~r o-,y ~ , '"'S 1~"~rrga.~e. or ro foreciose it, or Ia re(wm i!, o~ 1o enforte
~f eny u~:.^• h...eu:~d~r. i.;d ;:,uR~~,:.:--• •~a~: , . :c!~on thc~~~o4 For the appo~ntmeM of • Receive?, suth Court shail
..:•n a;,;:~•~nt . __r,er ss~d rty;~ : , a _ _ . . . s~~.gwar me ~recome. prof~rs, issues a~ reva~uas fiom whatever
. der:~+~d, ec.-•, and ~„ry o! w- • ~ . 3=d as ~f spec~{ica~iy set forth and deuribed in ~he g~anting and
~ii~r+ c'a~ses her_,c`, e~~d s~cn 4_c~wer sha . F, a.: !n_ u..L~ -.•~,d po~rers in anyw~se entrusted by a Court to e Receiver, and
j~:poin~:~ent sh,~~' x~r.acie by s~ch Cow> >s ,v~. ~i~t~d c-:a_~r; c~-n a,... .^i _.:.;ic nght to said MORTGAGEE. and wi!hout reference 1o the
~;,cv c~ inadequxi of the va'.ve of the propr•~y re ~y.:yed ur ~e,.. s~. ;•.-,'r _ .:..v~,cy of saEd /1~ORiGAGQ~ or the detendants. and that sueh ~
~s profits, inca•r.e, issurs a~d :eJer;~rs sha:i ce ap;i~ed by s~,.~: heo.~rer ~~._•rc.,',•} w~'.e i~~•n or eq~~ty of said MORTGAGEE and the p~aUice of such
J.£~. ic 3u p.o,. ~•;y ~r.d ivlly pe•+v•m. :i•>_'.a• •r, •.r'-::~°. •.ct..-r. c.,•-;:':~-~e-. ~v,th a~td ab~de by eacl? end every the stipuiat:ons, agreements,
:3~r,'ni ar~.4~ c~~rndnt5 ~n ;e:d pro~nsscr f r.o•c _'~ti 'h,i r:::~t~'.~e irt t<:•c;~~
?'t~a~ i? the c.~,^t tt,e o~:•ie,s~.:;. ai t4 •.~_•!~.~u'.' ••'.s`.`- - : 4'~"• •~'"•rec~. ixco~,es vested io a pe~son other fhan the MORTGAGOR, the
; ;c: ; o• i ^ , ~ . . • ; , :~ch successo+ or successw in +nterest w~th reference to this
3e a• 1~,~ 1. t.~ M. ee:,i ~•c ~r<.y i~i ti . , n., ~ , r t. 'n a~; •.vay vit:ati~ig or d~scharg~~g the Mortgagors' liab:iify Ffe~e-
. ~ j. . ~ ~ , , , ~ , _ , . i... , . , ~.~.j ~ r.e forbeaia~ce on Ihe part oi the 110RiGAGEE or its successors ~
~u~s a:.d • _ _r e~~;._~ th^ . . ~ - ~ • • • • bY the t.1URTGAGEE or ~ts successors or ass~yns, s~~ail ope~ate
. _,se, dscharue. r~~il~fy .'~r~c o• a"EC: r~ - . . - ' ..kl~ ..v' ~~ere:n, eithet in whole or in part.
10. !t :s spec'~-.+ •r ~?'~-rd r~ t~-»v ~s os ss~ t c_~~• .ac. a•.u +r.at no wai.er oi any ob~~gat~on hereunder o~ of the obl'~gation sr
hereby sica:~ a~ any nn,e ~h:reaner d t: ~t._~ _r o: !he u.str~ment secured herby_
11 t~ :,-;d,~:.:- , +o tr.;: *er~qo -~~n r v ~ ~ , ~ . u~ -J ~v nc~ pron~ ssory nore sewred hcreby, mortga~ar covenants
es to car '-`~-'a:c"e 'r.~•h . , - .-:i c; r^o•tu~ger to be ey.,al to- 1, 12 of tlje annua! tost of the follow-
A-A;i r~dl prG~;rr~ f . e. ~ i ~2 . _ rss ~ . . . . ~ _a~ ~~s• . i
Fr ; `r, ,..,a, r.;. a. ~ ~ „ , ! ~ , . . :r~;.~:~~amenfs s~tuase on the above destril~d prernises. ~
' ^ P~~.;•rs o, ,^ch +e~r.~a3e c;„~ , r ~ ~ . o?.~ e deem fit to earry or+ the foan secured herebY• ~
' :Sort g, g.~. s~ ; n t~mr to 1 c . . ~~tr ._~f n~, •t and parable hereundar and such surn shalt thereupon be due and ~
~ o~ rna a~F ei;'^ of tFe a•.xt e. _ L ,.^r~ u~.tel mcr tgagee s fia l t n o ti f y m o r t g a g o r o f a c h a n g e i n s u c h
`~~cti s,,~ns s~.3'~ ~-e au,i:cc1 . 3'= i~ - ."="'4 ~e i"`.. •,t~xes, msurorce prem:ums, and mortgage gueraroy insurance
~ ~ ~ .~:~;s_` n : . ~ . ,
R7 ':~1T`1E55 .'.'~`_"~(:F, 'r:e.s~ h r%.
'Ki'-' ',3`- n"`-, 'E• t, ' ~ ar~d s,•+t tt~e dry and year first aforesaid.
S~gned. Sealed a~a del' ered in the pc•:sence o!.
- - - -f L- Seal)
~ • - - ~ _ (5ean
C ~ ~ . (Seal)
cs~aR
! ~
~ ,ic OF FLORIDA - - - - -
~ 'iTY OF _:..1]C1~_ - - ~ ~
Thomas F3uchanon ar,d
Before me pe•so^a~i~ appeareti
Donna R l1C ~'lari0il his wife, to me wetl known and known to me to be
~~nd:vidoais described in end who axecuted the fo:~go~~:g ins«umrnt, and acknow~edged before me that they executed the same for the purposes
-,~r'n expressad. And the sa~d_. ~Onn?~ RuchanQn
hor~as Ruchanon ~PO~ a separate and p?ivste
. of the said _ T -
r.at:on by me taRen separate ar,j dFidlf flGT fier sa~d husband, ac'an:~wledged to and before me that she exetuted said instrument freefy and volun-
'.y ar.d w:tfi0ut any ce~n~u~s~o~, co•estraint, appreh~s~`, o? fear oi or fr~m her said huiband.
/ l~ f q.. D. 19_Z4
LViT!J~SS my hend ard ofEic~a7 seal !h•z_ f I~~~C' Cay of____-
~
g~
Notary Public in a~d or the ate of FI a d Larye
My Commission expires: . ~a`
ti
~ Re+~+n 10: ~
: ~st Federal Savi:iy^s 6 loa~ Assoc~at~on
~ of -o~f P.~,~~. FItFl~ R1iC f.f ,~~~;i~n;:;,,;..'
~ fT_{~iCiE -
~ Fort Pierce. f:o~~da ! , .
~'a ~ ~j~~1~~~7 l '4~V~ _ ~J,yL~i _ .
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~ R£t0:?3 YERtflEB '.r , . .1;;:;~_,' ~r.
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~ This Instrument Prepared By John l:. Collin . , -
~ : ~
F~rst Federal Savings & Loan Association
,
~ of Fort Pierce , F lor i da 1~ 8 3 ~"~`i ~ ' ~~.:.;.{i`: •
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~ ; 1••. ..ti . ,
~ Checked By ~~'~i;; ~~!~`'{:i: :
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y~ 800K ~.c~ PAGE ~,J~t f - -
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