HomeMy WebLinkAbout1461 3. To p'~ce ar~d continvo~s~t keep o~ the t~~ d~ngs now or hereaher sit~ate on sa~d land and on ~U equip~nent ~nd penonally covered by thii mat9-
ege, w~~h all premwms th.:reon pad ~n (ult, Lrr insv~a~~ce ~ha ~wae sta~de~J po!~cY torm, a s~m approved by d~e MOR~GAGEE, and w~ndstwm
~n:vrante in the u~~al sta.^.da~d po~.cy (orrn, io a~um app~o.ed by the MORTGAGEE, in such tompany w tanpanies as 1he MORTGAGEE may
d~~ecr, a~~d aU Gre and wmdswrm ~nwrance poi~ue~ o+~ sny of sa~d bu~~d,.~gs, any interes~ theroin or pe.t thr~eol. ~n ~he +99rega~n sum afo~esa~d or
in excess ih~~reof, st.aU contafn the usva~ sw~sdard mc~~y~gee c!ause o? suth othe~ c~ause as 1he l~la~gagse may requ~re, maAi~~y t1~e ioss under sa~d poli-
c~rs, each ~nd rvery. Pd/3J~C ~o sa~d h1pRiGALEE as ~~s imr:.st may aµpear, and each and every such poi~cy shall be proa,p~~Y assynad and de:we~ed ~o
ent heid by sa~d M~~iGAGEE as fur~her s_cw~ty ~o sa~d n~or~gege dzut, and, oot :ess tha~ trn 1~4i days in advance of ~he ex~~irst~a~ of eath poGcy, 1o d~ •
ro aaid MORTGAGEE a renewal Me~eof, ~o3eiher w~7h a rece~pt for the p~emium o} such renewal; and there shall be no iire or w~~~dsronn in~urance
p:e:ed on any of sa~d b~i~d~ngs, any mtereit the~em a par~ therEOi, u~:rsa ii~ the fo~m a~.d w~th the loss pay.~ble as aforess~d; and in the event any sum
o~ ~~oney becQmrs pa„3bre under such policy w V~~~~~es sa~d MURTGAGEE ahall have fhe opt~on to rece~ve ared apply the same a+ acco~nt o( the indrb~ed-
n~ss sec~red hereby or to per:nit seld l'SI~RTGAGORS to reCZive and ~s! it Ot un/ ~>art t6~:rof Ior o~n^t purFOSrs, ~'~~~~~'.ut In`~.v~ war.>>~ J~ ~'~'•p~~r-
~~,g .~~y eq~~f~, Gen a nght undar w by vi:we of this mortgage; and in the ev~nt sa~d MORIG~GORS ihatl iw any reawn fail to keep the sa~d p~em~s.~s so
~-,e,red, or fail to det~ver pi;,mptly any oi sa~d po::ues of inwra~xe to said ldCRTGAGfE, o~ iad promptly to pay fully any premi.~m thereio~ or in any
~~~:~rU fail to perForm, d~scharge, exrcute, eiEe!~, ca~~pleta, :o~'~p~Y w~~h and abide by th~s covenant, o~ any part hertoi, said MORTGAGEE may piace a~d
F~,; for such insurance or a~y part thereof w~+ho~t weiving or a(fecting any ~P~~enand shall~ brar ~nterest trom`rtha datevthereoffumil p dt at9 hea
a~te'ol
anwunt of each and e~e~y wch pay~nent sh~.t be ~•n~ned~ately d~e and paya
pe~ cenrum per ann~n, ~nd fo ~;:her •x~th s,~ch ; x~ r, s~ shai~ r.o sec~red by the i:en oi this mo~tg3ge.
d. To pennir, co+~~mit or sufler ~o waste, impa~rc~ent or deter~oration of aa~d property w any pa~~ ~he.eof•
5. To pay all and s~ngvlar the costs, charges and e.aprns~s, includ~ng a reasonab:e anorney's iee ard costs oi abstratts of tille, incurred or paid at
i~~, i6,~,e by s~~J MGRTGAG:E, becauie or in ~he event o~ The fa~l~re o~ the Rart o( the sa~d MORiGAGOR to du~y, promptly and f~Ily per(orm, d~scharge,
;r_cure, effect, comc:!ete, con~,~y v~•~~h and ab:dr by ea.ti and every the st~pvla!~ons, agree~»e~~ts, cond~tions, and covenants ol sa~d pranissory note and ~h~~
rgege any or e~N«r, ar,d sa:d cests, cha~q~s a~~d expenzes, ench and every, s!~a.l be immed~a~rly dve and payable; whethe? ot ~ot there be notke de
i, ane~~~pt ~o co.~rct or suA pe~~d~ng; and the fuf: amoun~ of each and e~~rry svch paymrnf ahall bea. iaterest from Ihe date thereof until paid a1 the
n.:;e i•er c.e~~:~ ~~r ~c:~~; und d~E s~id .s~>, c~ar3es anJ .:xp~~~ses ~rxurred o Fa~d, toyethx w~th wch interest, shall be secured by the lien oi thi~
•rc~tgage.
6. That (a) in the event ef any breach of this Y~o~tgaqe or default a~ ti~ part of ~he MORIGAGOR, a~b) in the eveM any oi sa;d svms of money .
h.~:~•~n referrrd to be not pro~~~pdy and 'v:ly paid .v~ih~n ~h.rry i3~) days nexi airer the same severo:ly become due and payable, without demand or no~~te. ;
_r :c) in tha event each and rvrry ihe st~pu;ations, agreemeM6, co~ d~t:o~~s ar.d covenan~s of sa,d prom~ssory note and th~s mortgage any o~ either are not
promptly and luily performed, d s_ha:9-'d, eae:~ted, eff«trd. c~::~ple~ed com;.i~ed ~v~th and at• ded 5y, Shen in e~ther w any wch eveM Ihe w~d ag
_-.~~ate svm mentioned in sa~d pronussory ~w:a tt.rn remai~ing ur.Ya~d. ~vith mte«si Acv~rd, and a:i moneys setured hereby, shall become due and pay-
torthwith, or rhereaf~er, at the onf~o~ ct s~.d t.tORTGAGEE, as fu~:y a~x1 co~n~;:e~c:y as if all of tl+e said sums oi money were agmally st:p~iated
~ e p~.d on such day, anyth~rg in sa ii pic n,siory r.ote or in tnis 71.wtgage ~o the con~rary notnr~thstand~ng; and thcreupon or lhereaitrr st the opt~on of
s:' !.lORTGAGEE, w~tFo~t nonce or demar.J, su~t at iaw ot in equAy, th~reiure or thereo!~er begun, may be prosecuted as if all moneys setured hereby
,i ~~~atured pt~or lo its ~nstitut~on. -
7. 7t:at in tFx event rh.,r at the beyinning of o. at any t~mr pend~~~g any s,"a u~:~n ti~~s Mortga~e. ar to foredose it, or to reform it, or to enforce
.enr of any ua~ms he~ev--'•~• se~d A!iJRtvF.";t shai: appiy t~ tna Cour~ i,d~.+g ;u.~sd.c~in:, th_•reo! ior the appo~ntmeM of a Rece~ver, auth Court shail
, ..~en a-_o~•,! a*ece~~er ef s~~d n;o~tg.;grd Frof:~rty atl ariJ s.~•gvlar, inc.~~:i~:g .;~.d s~r:~uiar ~ce ir.co~:.a, f;otils. iswes and revenues {rom whatever
~ -e 3cr;vcd. e..ch a~J e+ery of vvi,ch, ~r br~ng ~~~}:rrss'y ~nder;rood, ~s he:~~b~ mc:•~a9ed as ii spec:fieally set fo+th and dexribtd i~ the granting and
-'"~OJT C~dJ58S hrreor, ancf such Rccr~.e• shail h: ve a'~i the br..od a•~d c~fec~:ve f~:~~.:~.o:~t ar.d Fowers in anyw+se entrusted by a Court to a Receiver, and
s ~.r=po~n'n:ent shatl t,c made br svch Cc~rr as an .+d:r.i~trd equ~:y ard a~~ av~e+ of abso:ute rigM ro said MORiGAGEE, and wi~hout reference ro the ~
,-,y o. inadeyuacy o` rhe va:~e of th~ property n~o~tgeged or +c ~ha s~~..~:~~c~ e• ~n~oivency of sa~d MOR7GAGOR or the defendants, a~d that such
~ prot:ss, irco«~r, ~siues and re•:enuas si~aii be ap;.~~rd hy such Recc~+er accuru:,;g to the lien w equity of said MORTGAGEE and the practice of such
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g_ ie ~u:y, prc-pt'y ~r-d L~E!~ F~erir~n. J:~ f.~rye, .~xecu~a, ef*ect, co~n;.~e!e. .::iy w~th and abide by each and every the stipu(ations, agreements, f
_ns a~•.d wvrnanrs :::or,,;sso~~ a.tc ~n~ r~,s ~._cr~33e set torih.
• 9 ?i a: ~n the e~e ~f 'he ~+~.;e•~::::; c4 !~t c:'•f:~ ~~c!~ F~~._ 5c5. O' a•?y ~~art ecc-r. of. t.r,a~nes vested in a perwn other than the MORTGAGOR, the
:.G::. ~ss succ..ss.:•c as~~...u ~ av. .~.~'~o.:• to °:'O~TC.%-OQ, d_ai ~n~tF~ svch successa or successor in imerest with referen:e to thia
'.;age er•d :ne d_ui ~~'roy ,secured in fne earnc n~onn_r es w~rh N:r~gagor x~+lw.ut in 3ny way vit:ating or dixharging the Mertgagors' liability her~
or u~en 'h-~ dei;t h_~e:,y see,~_~d ~=c s:,:e ef ses ~~C:fDi "~~~1:Jd_JZC~ a~.d ~w fc.4earance on the part oi the MORiGAGEE w its suecessors
~s:g~~s ar,d •o e,erens;or: ot rhr '~~e cay:~~~~!~c,i s.,e debt h=~•,~: secureJ g~:en by :he '.~ORiGAGEE or ~ts successws or ass~gns, a~~all opera~e
. z~se, d.scha~ge, r,~,d:i~ c~a~ ~r~ .o~ :,ftecr ~r.e c~l~~n.,~ r, oi ieie h'~l3nTGi+i,OR i~erein, eilLer ~n whale or in part.
10. I? is soec fic;ii,~ ag•_~=d that t'~~:~e ~s oi el:c rsse~;~ ef fi::s con~racr ar.d ttiat ro wai.er of any obf~gation hereunder u of the obligation se- :
_,d hereby shaSi at any tl~:e the~eaite. be he:d to b^ a wa~.cr ef the !erms h.creof or of the ~~~strument sewred herby. ~
21. Ir, ~;;i ~.o, •o the ~c~_ao ' ^~or,~h _^•fs ot p~~~.- and i^+r•••si ~equ~:cd by the prom ssory no!e sec~red hereb~/, mortgagor tovenaMs
~•~es !o pa~ ro ~•:n-•q-°~...P •:,~+h ~a~~ r: ~..•h e::t a~ a:i~ ;~na` s~~:~ rs~,,..~~acf b~ mc~tyager to be ec}val to 1_'12 oi ttie annual cost of the follow-
A -A~; •_si ~.r: p.,•ty Ia, .i ~ . -,s .,y ai;ove CI~.q~•":.:~ rc-.;I esrat~.
i 6 F: ~ r.. s en :,re e.•d :..n:}v, :rw c_~ os iia~
_:n r. ~i...~_~c1 !o or ca~r~~ d en tF:e ;m;;roveme~ts situate o~ ihe above d°stribed premises.
~ ~ - P,-. _,_,:.,s . . . -y _ ~no•:ga,~re sha;: tro ~ *o tr^e deem fit to carry ori the loan s^cured hereby
~ h a rg ~:_e r t..:~ te ~ ' ~ 7' f.~rt:ng o! :he a•~ o:•~r d_~ and payable here~nde~ and wch sum shail thereupon be due and
~ un +r._ u. r ~'e of ~E_ f'-r r_„! a~~-: e_ch succ~~u~ve 'ro•~'h the-eaft_r ~cid morfqagee shall notlfy mortgagor of a charge in suth
Suc: s~-~s sea.! ~e app:~eu iry ~noryag +o:•a'd rhe ua~meat of ~eai property taxes, ~nsurance prem.ums, a~zd mortgage guaranty insurante
ms.
`;11TNE55 '~:HEREGf, rn~ ;aid MO~iG~.GCR has c~reu~~to set his hard and seat the day and year first aioresaid.
~ igned, Seat nd d ivered the prasence of: - .
~ / t5eah
~ ~ Vincent R. Price
~~---C--C~-- -C~L -^i~r~lC _ ~Seal)
l (Seaq
" ~Seaq
: ; c Of iIORIDA )
St. Lucie ~
_ •;rr oF ~
Before me perso~ai;y appe~red __VlI1Ce11t R, f~l1Ce~ a S1I1Ole adult ~plplf
_~~X to me well known and known to me to be
~•drv~d~at descr~bed in and who executed the foregoing instrumeni, and acknow:edged before me that he executed the same fw the purposes
` ~ _-~,:n expressed. ~~QOK]B~C--------
-?(SOQSCI~lUk1t! - ~~7~1~ i
~ X]4XJ6X ~ Xa6~7~CMD~J~G7Ql~[Ot3~OC~7E~0CA~ ~~~l~C / ~1W~lC~1HOK]6ff~(A~C 4
i
~ LY~T`~E55 my hand and offic:a! seal th:s __-_lOLh day of `~anuar ' A. D.~9?5
~ - ~ ~ ! ' ' ~ , ' . C' C~
Notary Public in and for ~he State :Fforida a lfrge
, ,
~ ~ My Commission e:pires: ~c~ _ .S
Return To: , y Y ~
~n:
T`~,~. ~~~st Federal Sa~ir~qs 3 lo~n Assoc:~t,o~ ~ ~
~s`; O• 'rc:r P,.;c__ f~L~~! A1_ :i:::Ki:C~ ~ ,
~ S1.Ui~~~ Lit;hiT FU. ; ' :
Fort P;erce. F~c•~cl~ , "'~lt~ .
RG;_ ' ' AS l 1
~ C~ER1. 1' CU!lf~T ~ , .r.
~ 4F('' 7E ' if i. < r
' ~
~~t' ~i 0 • i
This Instrument Prepared By John W. Collins ~r u~' ~ • 1~ j~ !
~ F~rst Federal Savings 8~ Loan Association v~ ~ ~ ~ ~2 ~n : ~ o.~ ~
~s of Fort Pierce , F lor i da ; i~ :~p -•`_,s•'~ '
~ - 2~92~9 =;~~,:.~~~i~;ti ~
`hecked By - - 1
~~~P.1 ~ ~
: , _
;
~ ° ~ 235 ~1460 ~
BG~K PAL.
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