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HomeMy WebLinkAbout0686 . ~ , a r ~ To plac~ ~nd ooMi~wio~ralr ka+P on tM bw!~+ps now or I+K~af~K s~twa on stid 4nd and on ~II sq~ip~n~nt and pe~s~n+~h? oow«d by ~his maq~ p~. with d! p~miuins N~aea~ p+~d in fu14 fu~ insuraiw i~ ~h~ uwa~ uardard policy forn~. in • wn+ appov~d MI tM MORIGIIGEE. aod windatan~ ' i~a~r«+oe in tM ~swl sund++d pol~cp fa~w, iw a swn approred bY tM MORiGAGfE, in wcb oomp+^p or co~i+a~s a tiy MORiGAGEE wiay di.edt M+d alt fin ~+d wa~dswrm iraw~na Pdk~es on a~y ol sa~d bwtdu~pa, sntr intM~+t d~.~in or par~ Ilwwi, in tM ~y~rey+~e swe afw~said or i I~ e~cass tMrw/, aha11 conuin ~h~ ~swl sfa~xfxd mo.+g+9N dausa or wcA or1~w daust~ as Hy N~orqaps~ aWY requirs. ~^Y ~ bss urdw s+~d poli~ s- ci~s. ~ and evKy. WYab!~ w s+~d N~RiGAGEE n its ini~resf rewy app~a~. a~d exh and every wd~ pdh71 sMll b~ promp~lr ~ss ynrJ and d~Gv~red ~o any h~ld by s+id MORiGAGEE as funher sen+ritp ~o said nwr~yag~ debt. u+d. not tc» 1!w? tM+ l?0) days in d~anc~ of Ur expirat~on of cach Policl/. b da c ~u IivN b wid MOR?GAGEE a r~wa! ther~of, topetlw wifh a~~ceipt for tl+s Wem~u~u of s++d~ rsnaw~fj and tl+en slyll M no fir~ w w~ndstarw inswano~ pt~c~d m ~np of said buil~n~„ a^Y auereat ther~in or pMt thereof, w+kss i+? ~M fwm ~nd with tF» bas payabM u afaNa+d: and in. tAe ~wnf arry swn of enp~? beoon~s p~yaWe w+tLr wd~ Poli~Y a Ddicits s+d AIIORTGAGEE shall tyw t1r ophat 1o rec~iw and ~pp1r th~ w~et ow sooa?ro oi 11y indtbt~ ness ~cur~d h~ts!?y ot rs permit s+id ARORTGAGORS ro«uivt and ust it o/ any part thereoi fot othn purposes, vr~thout tha~eo~ waivinq w Knpair- ir~p +mr pui1Y. 1'wn w riph~ unds~ or b~r virn+~ of this mortya9e: and in tM event u~d M~RTGAGURS slrU iw arqr reason iail w kesP ~he said pr~mises w • s` inwred, w fail b dsGvK VromP?h +~Y d said poiK~es of insura~ss~ w s~:d /MOitTG1?GEf. a iail promptlr W pap fv111? am Oram+i+'^ tl~erefa a in +~p rc~p~cf fafl to p~rfo.iR disctwryt, tx~tvt~. effect. cor^A:ct4 ~~PM wieh and aMde by this covenant. a+^Y P+.t ha~of. said 1MORTGAGEE ~nay p4ct and ~ P+Y fa wch baurarw~ or a+~y part tbereof witiaut w~irinp a affectinp +rw cW:on. Gea. wwry. w r~pM v.~dM or by virnie of this JNorqa~e. ~nd tl~s , i fv~l amowa of sacA and e~raY such ~aYmc^t aF+aU be ~rnrnediatey d~e and qyabl~ and shaU ~ex ir.rerest f?a~e ~ d+a dw~of until pad at tM ra~e d . ~~~e per centvm p~? arww,m and ro~he~ wi:h wch interes+ ahali be secured 6y thc Iian of tha mortp+y~. + 1. To pamit: oonrnit a wffer no was~e, i~airme+~i w de~a~•tan of aa~d p.ope.ty or ++qr Wh d~• T ` s. To wy .u .ed .ino~rl.., d» cos+a, d++rp~s .~a .~aw+sea. «,dt~+g . ra~sw+.~ls .n«ney: fe. ..~a oo.ts of .bsa,c~s o1 rn~.. inaw..d « w~d a~ _ eny time by said MORTGAGfE, bec~+ft a in t!K erent of rhe ta;Fure oe~ ~he put ui d+e said MORTGAGOR w du~r. p~omPtly aid fupY PMfonn. dad*i?9~t t eaecvt~. effett. canpkt~. wmPb with and ab:de M each and erery tiee st+pvtat~o~w ~ee+~xnt~. conditia+r. ud ooveoinb aI s+id pomissaY noh and thit i ~.wrtga~e anp or a~har, and ss~d cosu. cMr9es +^d expMSes. exh a+e! ~verY. sh~I b~ ~nn+edi~~ely dve ~nd payablet whetM? or not ~hne be ~otio~ d? ~ ma~d. atlempt to tdkc! w wit penfirg; and t!r ttdl a~nount of exh and ev~aY wch PaYma~~ sh~11 b~a~ int~ast fran tl~ d~tt tF~eof wMil psid d tM ; ~a~e of n"w~e per ccntum per art.wrn; and aN iaid cous, charQes a~ e+~cnses ~ncwred w paid. topether wah such iroeres4 sh+U b~ s~cwed bfl th~ iiu~ d tha mortgsye. . Q ThS~ (a) in the ~vent of any b?each of thq Mwfgape, o? default on rFr part of the MORTGAGOR. a(b) in the w~eM ~y of s++d s~rns d nwn~y h~.e~ ~ete...d ro be ~,a wo.~,p~b and r~y p.~d ~m~+ e?w.•y e,i,ti~ a,y. ~x~ .sn. ,he ~+~e s~~«~,ty b«w~. dw .~d Par~et.r. w~~how d.~n+d w~+aK.. or !c1 in tl+e eve*a cath u~! evay. the sti~r=atioro. +9ree^`ems. cond;rions sad corensr?+s of sa+d pron+issorp nwe and tM nwrtp+g~ +~Y a eitMr are eo1 ~viy. Prp^Ptly and {ully perfo~med. dschar9ed, executeed. eHecrcd. comPteted. cw+p~~ed .v~th and ab~ded hy. tMn in ather or +n71 sucA Nsnt th~ said ap~ gregste wen mentioned in said promisswy note then ~em+7n+ng unp+~d. wit~ i.~te+esf xuucd_and atl moneys aecurd here6Y, shill 6eaome dut and p~y~ abie forthwitl~ a ther~ahsr. at ttK option of said MORiGAGEE. as fu:~y and cornple~dy u if ~N of the s~id s~~ms of awnyl wa~e agin~ly u~pulafed to be pa+d on wds d~y. anythiny in sa~d pra++:asorY note w in this Mo.tgage fo ~hc conaary nawithstandinp; and rhe~eupon a thersafter st th~ option of said MOATGAGEE. withovt notice w demarrl, wit ~t ~aw or in ecgritY. the~efae or •?+ereafter bequv, mar be proe~aAed as if ~I) a+ontys s~aKd Iweby nad mafiXed ptql b its iiWitution. 7. Th~t in tF+s eve++f that at tl+s begw~n;ng of or tl any time pe+~d~r+g sny w~! upon rh:s Mort9agc. or 1o fare~bse h, or b rofonn 74 0? b enforoe Payment of any da'ans herevndes, said ARORTGJ?GEf shatl appty to the Covrt harn,g ~~r~sd.csion the~eoi fo? tF~e appo~nhnnM of ~ Recwvu: wd~ Cowt shall fwthwiM appoint s rece:ver of s~id enorsgx,~! property a!I a:+d s~ngviu, inti~d.ng ai1 a~d s.ngulu YrN imm~», poEitf` iswes snd rew+wes frpn wFWMver sovrce derivad. each and every of wfi~ch„ ~t be:np e:pressly undrstood. is hereby m.orrgaged as if spec;fically set forth and dewibed in the ~antwg snd habendwn tlauses hereof. and such Receivd shail have sil the b.oad and effec+ive func;.om aod powers in anyw~se eruruued bY a Cowf b a R~teivv. ared svch appointment sl+al! bc made by wch Cowt as an +dm~ttad equ+tY +nd ~+*'.a+ter of abso:ure ~ight ro said MORiG~EE, and wittaut referaxe to N~e adequacy w insdeqvacy oi N+e wlue of rhe property morrgagcd o. to the so.vr~c-t o. .nao~vency oi, said INORTGAGOR a the defendanfs, and thsf such . re~+s. profits, incwne, iss~es and revenves shafi be appiied by wcl+ Recrrer ~ccord.~sg to the lien a equity of ssid MORTGAGEE and the pr~ctioe of wcb Co~rt. 8. To duly. P~~^+~~hr +~d fs+UY Pesfa^"~ d~scl~arge. execute. ~fferl, ca~f~, complY w:tb ~+d.agidt b'fi wefi.~nd w~rY NN st~+pulitiaa. agreemaNa. . condir+ons and coverwNs in said promissory nwe and this mo.tgage ser farrh. . 9. That in tl+e event ths ow~ership bf the mo~tgaged p~ernnes, w any pxt theraof, becoenes vested in ~ pe*sae other than tl+e MORTGAGOR. tl~e N,ORTGAGEE, its waessors snd asa:gns, n+ay, w::hovt r+o~ice to ~i~e AM1ORTGAOR, deal .ritt? wd~ wocesaot or aaoeessor in ii+lvaf with rcterenoe to this ~ •ro.fgspe and ~1+e debt hereby secwed 'en fhe sune manner.as wi:h Mortgagw witt+ouf :n a~Y. walf- vitiat~r)D «~~~^9 ~~~9+9as~ IiabiGty hert ~ndrr or upon the debt t+ereby secv~ed_ No wk of the Frem~ses hereay mortgaged u+d no fo+beu~++ce on 1he put of the NIOitTGAGEf a its seiocesson o~ assig~ and no extens:on ot the timt for ti+e payr+rcm of the debt hereby setvred given b~ N~e MORiG~1GEE or its wooasors or usgro, ahsil opersN :o re~ease. discfiar~, nadiiy dw~ge a afiect the origw~l lia~l:tp of ti~e MOR(GAtiOlt /we~ eAher in whole a iw p~et . . - 10. tt is ~pec;ficsliy apreed N~ar t~rne is of tia essei+ce of ttr's caw~ac~ and rhae ro wsirer of anr abt'~gsrio~ Iwaude. a of~„t!r oblipation ss- cured herebr shiB at u~y time thueafte~ be held to be s w~ire~ of the lesms hereof a of the intnwneM aeawed herbf/. _ 11. In add~rSo~ to the forego-.g r:+o~thf~ psyments at pr:sx'pat and interest rcq.,+rrd by the promissory note secured hereby, mor~gs~or aavenants ~,d agrees to pay ~o nwregsgee vvith ead+ momh'ry PaYrneot an add~r~ona! xx++ er.~matad by mw~gagee b be equal to 1 f 12 oE fhs snrwal cost of the fdbw- .~~g~ ' - ' . A-A{f real property texes levied w assessed aya~~st tl~e abort -deuribEd reaf estaro. - . B-Prern~ums Qn fue and windstarm inwra::ce as I+~.e;n requ..ed eo be carried on ~he ;mpwva~e:ws sitwte o~ d~e atwvs dasaibed pr~. C-Premi~nns on sucl~ mort9age guaranr~ irsu~a•.ce as mort9agee si~i{ trc+r. r;me to t:me deem fii to carry oe the ban aecwed hereby- N.ortgagee shail frcm time to time not+fy morsyagcr :r wri±~ng of the a+cou~t cfi~e and payaWe hvarnder and sud~ s~x++ sha0 thereupoo be due and ~ ayat:e o~ tfie dae date of tha next. mor*thty parm.cnt and tacfi succr_ssi.e ~r.onth thercsfttr w:til mortgagee shall rw~ify mortgsgor of s ' a^ou~t. Such sums sF+a;l be applied t,y Aortgagee tow~rd iF+e payment o# real property ta:es. inwrance Prem:uins. +nd mort9age t~? +w~s t?"c' T lUti1S_ ~ ~ ~N wRNESS wKea€oF. tlK sa+d JMGR7Gl+GOR hss hereunto set ius 1?and u+d xa~ ~ f Sea de in the. psesence of: E l~TSlter L. Pool. s sin9le ad~L# ; _ ~ t f : s;~te oF Fwa~ow ~ ' E S~L ar G ~C"' ss. , counm oF i~lalt~r L. Pool, s sis~9le :dult ~„d s~~ ~ ar,«?~ur +v~~ Irswiicr~~wel1 known u~a1 k.~own to m~ a be thd irrlividwt descr;bed in and wtw acecuted the foregoing instrumcnt, and sdcnawted~ed befare me tl~at he e:ecvted tht san+e far the purposes . ? ttierein eJcptessed. 14b~lR+~f~l~ ! ~ ..~e~et-~F~e~ssM aPa+~iep~retsnd~friM ~ ~audraiior~~y-~s.t~lyw ~~raf? ard ~1-f~ow~-ber sai~-Iw~?«~racb~swiedgeJ~e ~-be~era-mt-tis~ ahs sRe~Aed-swe~ ieat~vma~F freei~~e~ ~ul~~ ur«~. awd-w~tFwut .aay~torwpuisi~w, sa+~sriwt~ a~w x-4aw ei- er f.ww WITPlE55 my ha~d aod officiai seai thi~ `~'~9~ day o( A. D. 19 Pub~ic in and for the Sta~e af Flor' ~ C~mmsion e~ir ~ ~ Finr Federal S~rings a iuan A»ociariw~ . .~•`t~~~d.+a~~~.j~ ~it~ ~ Of Fort Pierce. O,; y~'~. _ ,~,(~Z. ~ f F«t Pie.ee. Ftorida e' ~iy,~ I l • S• ~ ' t 4{~,\pj Q~~f~o~~~~~ ~ ~•Q~~1 4, ;~p ~ ~ - ROV~~ ~Q~~R~ ! G,~I~ =r ~taCy~ ~T~ : ~~•.~b 7 ~ M ~ This lnstrument Prepared By JJ~ ri• Co21in~E~ ~Evtif~EO..~~"~ ~i,~•;a";~-~ Fi~st Federal Savings b l~an Association . AEt4R ~ ~ ~j ~1 of Fort Pierce • • ~ • ; . , Florida 33450 p~.~ ' ~~fi ~•~,.~~,_~.~~~t''~ Chedced By . ~ooK233 ~ s~ . ~ _ . 7-. i _ ~ ~ r ~ - - - - - - - - - LL g n _ _ _ : `.n _ _ ~n