HomeMy WebLinkAbout0740 3. To place anJ conNn~ously teep a+ the bui!d+,~gs ~ww or hereal~er s~tua~e cn s~~d land a~d oa ali equipmenl and personeliy coverCd by this mor~~
ege, wilh all premiums tnrreon pe~d i~ lu~l, fnr ins~~~~~ce m ~he ~+u31 a~ar~da~J p.,~icy form, in a w:n app~oved by the MORiGAGEE, and w~~~dito~m
~nstirance in the uwal »arid~~d pol~ty fann, in s~um appioved by the MOR'GAGEE, in ~uch tompany or companics as the MORiGAGEE may
d~recl; and all fire and w~ndstonn inaurance poGc~~•s on a~~y of said bu~id ngs, any interest thrrein ix pa~l thrreol, in tIf! d~rtyi~! wm afwesaid or •
in excess thareof, shaU con~~~n ~he uswl s~and3rd morty~gre cla~se or such oil~ri dause as tM Mor~ga~ee may ~equ:re, maAi~~ t?,e ioas unde~ ta~d po~~
c~es, each and ever~, pa;abw to sa~d A~JRTi;AGEE as :ts in~c;,s~ n,ay appear, onCl a•ech ond eve~y i~ch po~:~y ihall Ix promp~ly ~ssgned •nd de~+~ered ~o
e~~ hrid by sa~d MORIGAvEE es iurthrr src~r~~y ~o sa~d ~~.oreyege deo~, and, no~ less ~h~n ten (10) days in adrance of the expirat~on o1 each policy. ~o da
i~.er to said ~ti10RiGAGEE a renenal thereol, ~oye~he~ wi~h a rece~pr for the D<<"~~~urn uS auch renewal; and ~here shall be no i~re or w~ndsto~m insurance
p!aced on sny of ~a~d buiid~ngs, any interest tharo~n a pa~t Iharrof, un;ris in ihe tonn a~id w~th the loas payable as ato~esa~d; and in ~he evrnt any sum
of money beco:nes payaL~e unJcr such pwicy w poLcies sa~d MORiGAGEE shall ha~e ~he ophon ~o recaivr and apply the tame on account o( ~he indebted~
ness srcu~cd heree~• or to perm~t sa~d IAORTGi,GORS ro rccrive a~:d ~se it or ~ny ~.~~r tr~_~:~c~f ior otn.~~ N~~E~osrs, •:.~tno~t Ih_~e:~; w.:~•.i,~g o~ nnp.,n• '
in3 any eqv~ty, i;en or r~q!:i u~.drr or by vir~ve of th;s mortgage: and in the eve~~ sa.d hlOR1GAGORS sha11 for any reasw~ fail ro keep ihe sa~d prem~sas io
na~r~d, or feil tu d.'.vcr promp~ly any of sa~d po(:ucs of ~nsu~ance lo safd h10R.~GAGEE, or fait promptly lo pay }ully any premiwn Iherelor or in a~~y
~esr~ect la~l to pe~form, d,scl~ir~e, rxecut~, efiect, co~~~,~ieia, con~p~y •ti~E~h and ab~de by th~s covana:~t, or any ~jrl htreof, seid MORTGAGEE may p~ace a,~d '
p~~ fo~ such insurnnce o~ a~y Far~ thr.eof w,~hcut waiving o~ af(ec:~r.g any oF~! on, Gen, equny, or rizht under a by v~rlue o} this Meregage, a~d the
I a~nount of each and e.r~y S~;iFI Nd'fntc':It shslt be nr~ned~a~ely due and parab!e ar.d shail beer interest fran the date thereoF un~il paid at the rate o~
c pe~ :entum per ann~, „~.I r.,~_.ir:e~ ..~ih wu, ;~..~~~-s~ sh.~~, bo- s~•cw~•d 'ny the ~:rn ol th~s mortgage.
4. To permit, commit or sufEer no weate, in:;~a~rmmt or dcta~~oranon o4 sa~d p~ope~ty w any pa~T thereo~.
5. To pey all and aingutar the costs, charges and expenses, inciud~ng a redsenable attomey's fee and costs of ab~trads of tiNe, incurred or paid at
t~n.~ by s.+~d MURT~.AG;E. hecause cr in ihe evrnt ot th~~ ta:i~re on the part pj ~he sa~d l~10RTGAGOR to duly, pranpdy and fully per(orm, d~scharge.
.•~;ote, effect, comp!_•~e, co ~~,~!y wrth and ab.de by eacfi and every ehe s~ipula+~ons, agre~~~~ents, condihons, aod covenants of sa~d promi~sory note and ~hii
•tg.+ge any w e~ihw, a:.d sa d co>ts, cl~arges ~nd expensrs, each arxl every, sh~;i i~e ~n~m~•d:ately due and payabfe; whether a not there be no~~ce d~
attempl to to~iad or suit Ennd~nq; ano fne futl an;o~nt ot zath ar.d evr~y svch paymeN sFw:1 bear interest (rom the date thereof umil paid at the
•e i.r~ :en;~~n ;,~•r .c a;l ;U:d ccsts, enarg~~t a^u .:x.~~,s_s ~~rcvrre.i or Naid. toyather w~th such ~nte~~st, shall be secured by the lien o1 this
~ c•tgage.
6. That {a) in the event of any breach of thia Mo~t~agr or d~•faulr on the part ef the A10RTGAGOR, or ;b) in ~he event any of sa:d aums of money
t,creln ~efena~ to oe not pron:;:tly ar.d fu:ly ~~aid v:~ti~~r. th,rry (3G; d~•~s next a•ter ~he same severo:ty betcme due and payabte, without demand or nctice.
_r c) in tht e.eru each .~nd every the stip~~ahr.ns, sgr~e~nenrs. cond~tie+s and covena~irs of sa.d promissory note and th~s morfgage any ot either are nol
prornptly and fu!,; p~rlorr„•~u. u s<+~ar3-;d ._.r:;.~~-d, e'fected, ce~^;:~rr.,ci cu~~~~::ed wdh and aL~drd 5y, then in eather or a~y svch event the sa~d ag
~ ~are s~m ment~oned in s.,~d ;:ron,~ssw~ ti,en ren.a~nin9 .;r.pa:d, ~nth intcrest 3c,~~ed, a~:d a~l moneys setured hereby, a1w11 become due and pay-
to~thwith, or ~hHrra`rr~, at the or•~o;~ ci• s...d YCRIGAGEE, as f~;~y ar:d co~~p:e+e~y as il all of the said sums of money were or.ginally st~pulated
, oa.d a~ svch ci;; j. anyYr~~n j;n ,.,i ;;r~ ~,::se~y r.ofe er in rh~o Y. ongayr ~o th: cor,~rary notx~~hstandhig; and thereupon a thereafter st the op~~on of
.'~ORTGAGEE, w~:t.e~t noocr o~ d_•~n~nd, s.:rt at !ow a in equ~ty, thrrefore ar therealrrr beg~n, may be prosecuted as if all moneys setured Fxreby
• i maWred pnp! ro ns ~nat,t~t~on.
7. That in tFe z~.~n? that at s~e beyinn ng o! or at any t~me pending a~y s~~t u;~un this Mo~tgage, or to foreclose it, or to reform if, or fo en(orte
~•-nt of any c_~~~~•s f.rrrur:de~ s,~;i :LO~iTv:+:,: c s~.~:. .~~~p'~ ro rt~e Co,:rt ha::~~a ;~sc:.cr~on thereot (or the appointment of s Receiver, such Court shall
..Irh a;+;.;~•~T e re,~•.:e• o' s_;d •.~+y~~eci ~::c;,.~fy a:~d s.~ig~~d~, inc.:dnq ,Jrd vrg~~ar tne ir.co~r.e, prof~ts, issues and revenuea from whatever
. derivr3. c..cn a:~r' ev~~ry h.i,:_P,, ce~•y e~press.y L~Jzisrocci, is te~_~~ :,~~~gagca as ~f spec:f~cally set forth and dexribed in the gra~ting and
-~,~.,m c~~,~•es h.,.. oi ~^d c~rti R:•~..,v.,. cL..,~; a!I +tw hr,,:,d x,d Fiiec'.vr 4~:~ c'.o. s.,nd pewPrs in anywise entrusted by a Co~rt t0 a Receiver. and
3Fpointme~V s1~,11 L~c rnnde by svch Cov+t as 3n :+d~n::t~d eq.rrty and a matrcr ot abs~_:vte rgh~ to said MORTGAGEE, and withcut referente fo Ihe
• ._c:cy cr ~nacley~ac~ o~ t~•e •.~:ue of the ~roN~rry rr.o~tg„ged or to ti~e so:rncy cr ~:o:ver~cy of sa~d MORiGAGOR w the deferdants, and ~hat such
s prof~rs, inco+ne, issocs a:~~} :e.r~:~rs sl+,:: 5e ap;.:~ed by such Re:e++er a:cord,~:g tu O~e lien or equity oF'sa~d MOR7GAGEE and the practite of sueh
S. 7o d~J y. r'cn ar.d ',:'y : r~'u~~n, d:schx~;e, ete;:.~!~, ~~Eett. comp~e~e. c~:~:•;.I/ with and a6~de by each and every the stipulaTions, agreements,
..ons ar~d w:. •:ar,rs ~n s; :i proc~~s,u: { , ~.~d tn s n._rtg.,3e v:t t~nh
9. T^.:i~ ~n rh_. r~~~~-+t ~F.~ ;.v;n.,r.h:; c~ !~,e mo•tg.:crd prc•,,:ses. or an~• ~a:i ti~er,•of, becomes vested in a person other than the MORTGAGOR, the
`.'};~~,~a~~~ ;Tl suco_sso:s ~~,c :,s•:_•s, -~a;, r,::^:~• ~.c~:c:_ to thc ,Y:uT~::~4. d_o~ w~:+~ such successor or successw in interest with reference to this
.y,~ge and the d:i.t i;rr_•~y z_w'cd ~n !he 11'~lf n.er.r•r as v~~•h :?;~!gagor w~thovt in any way viGatiog or el~sthargin~ the MOtt9agpr3' liability hert
i~r or upon th~ d_':~ f~,,:.L~ sec~~-_d ho sale of tr,~ f:re~+.tses fie~ebi rnortgayed and no farbearenee on the part of the fAORiGAGEE or its suecessors
ass g~~s ar.d nu e,.rens~o~ o`, :F.e t~:•••:• ter rFe r,ay~*~•:~t ei the debt h^-e~y sec~reJ g~ven by tfie MORTGAGEE o~ its suceessors w axigns, si~all operate
case, d:sc~arge. nud.fy :hj~~3.: or arfec+ sne o•:g~~:,' ;;o.,.; t~ oi in~ 1'hCRfGAGOR here:n, eiiher in whole or in part.
10. It :s spcc:+~c~':y .:g~•_ed fi~ar r,••,e is of !!~a esse~;ce of this conrran and that no waiver of any obiigat~on hereunder or of the obligation se-
_.:•ed Fn:reby shatl ar any ti~,e ~hcreafter L_ hc'~! ro bc a w.:+v~r of fh~ +er~~s hercof or of the instrument secured herby.
I1. In r~_? •o __•_g- ,..o.••; ..~,.^.•n~s oi ~:.c anJ ~~,~e~_s• re•,v~~ed by the p:om:ssory no!e secured hereb~, mortgagor covenants
:grees to pay ro ~-:orta~gee :n±h e~c~ ~~u~~6.~ Ha~~.:e•~t an ~dd ~ ara' wm ~s+:^:~ted by mortgagee to be equaf to 1;~I2 oi the annua) cost of the follow-
A-Ail r=a~ uroNCrt~ !3a_i ~er~_:1 0• 055=.•::c r~5: lc~~ ni:CVe d_i'_r~''.cd rea~ rsta!C.
6-F~ .s on `..rr a~.i r.f •.ci;r.:•. e; =r :m r~•iy: r~d t7 in~ ca::~~d cn the ~mrrovem<~ts t:tuate on the above destribed premis2S.
C-ar.~-r~~~~~ s c~ ~:cn mo*t,;::ne ~'su•a~ :e .~s :r.~~?: e^•~e sh~~1 frorr *~•e +o t;me deem fit to carr on the loan secured hereb .
g::a : > > Y ~
~ 'do~tgagec s'-~'• '~::m +~:re to e r•c•~f ~ n-c•t ~cr ~n v,•;t:ng ef the an:o: ~t due and payabte hereu~de~ snd such sum shail thereupon be due snd
f on tn; ;i~e c•::• et r+~•.r ; r.;•~.cnt a~~3 r.:ch tu.cessive :r.o~.:h tfiereaftcr ~r,tii mortgayee shall notiiy mortgagor of a change in such
Such su~r.s sha.~ i.a apF~:i~d :;y n:c.;g;,~>.~ tc:.a~d ~:^.r payment of rzai p•oe.erty taaes, insurance prem.~ms, and malgage guaranty insurance
~ . , ,.s.
~ ~ I*J YitT`~E55 `l.Hc' ~OF. :r~~ sa d:"~~~RiGi.GUF. has nere~~to set n~s hard and srrl ihe day a yea? first afwes t
~ Si Sealcd a. dei' ~n e ores?nce of: f
~1~91Gf?h ~ q
~ f ~p EceaOEa . ~s~,n
€ L~~~w~aUM'~Y ELA, o s e L. Con ra c'o (se.4
~ /~-~~.,I_ - AGC~r ~O~i1tA5 ~,C.t-~
~ ~k""~~'-~ - - - - f1:~G'~~ (Sea4
~lp~v f'~,,U j C4~ U~cr F. Conrado
= - - {tfCO @ E ~ ~ Carol ~~aq
~ OF FIORlDA . ~p I 3 08 ~N'~~ ~(N
~ SL. Ll1C1P------- t S5. •w ~~Vi~~
;':fY OF - - - ~
~ Beiore me personil;y aP,~eared •JO S C 1~ . Con ra do snd
~ _ ~dYQ~ F1 ~qnrado his wi(e, to me well known and known to me to be
~ ~_:,d~v~dua~s descr,t~d ~n an~ who exewted the forego~ng instrument, and aticnow.edged befwe me that they executed the same for the purposes
~ n .-xpressed. And ri~e s::3 C8 f01 COflTdl~O -
• of the said ___.jIISE_L.~__~QI1Z~ G~ upon a separate snd private
' - - - -
~ -:.on b~ me t~~en s^~-3rate ar.d a~a~! iro-r: her sa~d husband, acknowledged fo and before me thal she executed said insnument freely and voluo-
~ . a.,~: ,..:~l:out any co•rpu;von, co;uera~nt, aprreh:ns.on, or fear of or fiom her said husband.
~'.~i'.:55 my ha~~d and off:c~a! seaf rh.i d~"~--- day °f---- ~E-'~Lll<lTy , a o. ~v?S
$ ' - - ~ [,c~sJ
E'~ Notary Public in and for th tate of Fbrida at large
_ My Comm~ssion expires: ~ p_^~ p.-~ 6
- Res~rn To:
s~' i:rst Fect~ral Savi:~3s 8 loen F~sso;:,.f.on
~ 0= ~p:f F tii\1NIIfIN1~
w ~o., o~:-~.~, lb' '~~~i
~ . ~ ~ . ~
~.:~..r. 64
~ , ti .i
~ - : r,''-'•,.-1 ~ : ~
~l1d ;~~'i~
~ This Instrument Prepared By ~Qilliam J. f'orbes
~s - }~~:..~i'~ : -
~ first Federal Savings & loan Association ; j' r.
of Fort Pierce ~ Floric'a 33•150 ~
~ .,j',:,•( + .
: a ~1 y 1.0~`-i-~y
~ ` J ' ,'~`':T _'r , _
~-,p -.G:ti: :
~ Checked By C~_- ~~''~?~..~;~l~+;+;~. J.~....~~
l~S C .`c~ "
-:d -
• ~ . . . . . .
. , 0 R pAGf
~ . ~ ~ ao~c~
~y::
~
~
~ _ - - - - - - - :
- ~
_ - _ , . .