HomeMy WebLinkAbout1017 3. To place and coroinvoualy keep on the bul:dmgs ~ow or he~eafier ~{tuate on said laixl and o~ all cqu~pment and pena+aliy covaed by thi~ mwtg~
e,~r, w~th all prem~~ms thrreon pa.d ~n futl, f~re ~ns..ran:r ~n the usuil sfernlarJ po!:cy torm, in a wm approved by the MUR~GAGfE, and windstwm
ns~~ance +n the utwl •tanda~d pol~cy form, in a tum approved by ~be MGQiGAGEE, in such company or canp~~it~ ~i the MORiGAGEE may
d~rect; •nd all (iro and windslorm inswance po~rcies on any of said bu~ld~~s, sny iMerest therein or pail thrreof, in tM +gg~rgat~ ium afpres+id o~
in e,eccu thereof, s>wt{ cun~ain ihe usual sfandard mon9agc~e uause w' such o~he~ cteuse u th~ Alortgagee may requ+re, ma?ing the ioss unde~ sa~d po~i~
c~es, each and every, payab~e ro s~id h~ORTGAGEE as ~rs inle~~st may appear, and each and every such poncy shal{ be promptly assgn¢d a~d detivered to .
eny held by said MORIGAviE as further sewrity to ~aid mortgaye debt, and, not less than ten (10) days in advance of the exp~rotion ol each polity, to da
i~er to taid MORTGAGEE a ro~~ewal the~eof, toqeihar w~th a rete+pt for thr p~e~ti~~m cf such renewa~; and there tihall be no Kro o~ windstorm iniwanca
pi+ced on any of said buildings, any in;erest ~here~n w pan ~herrof, un;rss in ~ha form a~~d w~th rhe toss pay~ble as aEwesaid; a~d in tha event any sum
or n,oney becomes payabte under such po=icy a pol~cies sa~d 1AORTGAGEE ihall have the ophon to reteive and appty the same on account of the indeb~ed
nrss sec~~ed hareby or to perrnit s~id PAORTGAGORS to recerve and use it w any ~~art fne:cof ior esi,r. iwr~~osrs. ~v~~ho~t ~hereu~ V~'d~N11~ ur ~mpau- -
mg any equ~ty, Gzn w rlght unde~ or by virtue of ~h]s mo:~gage; and in ~he evenr sa'd A1pR1GAGORS shall :or any reason fai) to keep thc sa~d premisrs so
ns~~red, or feii to d~:i.cr pramptty any of said pol~c+cs of insuro~xe to sa~d MORTGAGEE, o~ fuil promptly to pay fulty any pre~nium the~efw w in a~y •
-rt~~ct fail to perform, dscha~ge, execute, effec~, co~splere, co:nply wi~h and abicle by th~s covenent, a any part hrreof, said MORTGAGEE may place and ~,~`f
for such insurance or any pa~t thereof w~thout wa~ving or afFrc!ing any opGon, lie~~, equity, or right ~nder p by virtue of ~his Marigage, and tht
~ amount o( each and every svch payment shal: be i~nmed~ately due and peyaL~c a~~d shall brar interest from the date thereof umil pa~d at the rate ol
F~cr centum per ~nnu+~i a~id t~~:~l:r: .~ith sv:h int~~r~•it ch:~u !W sec~;red by the I en of Ihis mortgage.
To permit, commif p wifer no waste, impair:rcnt or deter~oratlon of said properfy or any part thereof.
S. To pay a~l and singular the costs, charges and expenses, ~nctud~ng a reasonable attwney'f Fea and costs of abstracts of titie, iocurred or paid at
c~~r.e by s~~d MORIGAG:E, because o~ in ~he ewent ot ~ne fa;ture on the parf of the sa~d MUR~GAGOR to du(y, pra~~pNy and (u:ly per}orm, d~scharge.
c~te, effect, complete, co nply ~vah and eb;de by each and every the st:p~!ar~ons, agreemrnta, condinoru, and cove~ants of ~aid_ prom;ssory note and thii
,~rgage any or eriher, a~:d s.~:d <osts, ch~rges and e~penses, each and every, ahal! he immed~atety due and payable; whethe? a not there be notice de
atten~pt to cot~xt or suit pend~ng; and rhe fu~l amouM oi each and every such paymem aha11 bear imeres~ from the date thereof vntil paid at the
n;ne per cent;,•n ~e~ ann., n; ,:~x. ~~i sc~d ccses, cna~~es a^d cape~~s=s incv~rad or pa~d, ~oyethe? wdh such inter~st, shall be secured by the lien of thil
rc•~yage. ~
b. That (a) ~n rhe event of any breach of rh~s Mortgagr or de~a~lr on the part of rhe MORTGAGOR, or (b) in the event any of sa:d sums of money ~
re~n ~efe~red to be not pror,ptly and t~lfy pa~d w~ihin thnty ~3~! days next a~rar ~he s~me severa Iy ~secome due and payab~e, without demand o? notice. ~
in the evem eath and every the s~iputatiens, a~reemeNS, conditions and covena~i~s of sa,d y~ omissory notE and th~s mwtgage any o~ either aro nol ;
c~o:nptty and i~~Iy µzrfo~mcd, c3.scha~ge~d, e~~>:~r,.•d, effecrcd, co+rptered, tomF•i~ed w+~t. a~d ab~ded Sy, then in erther p any such event the sa~d ag i
~
_ a su-r. mentionec! ~n sa~d promissory note ~nen re.,,a~n.ng ~npald. .v~~h inierr,t accrued, and a~l moneys secured hereby, shall become d~e and pay-
_.~•!crt~~w~th, or therrafrtr, at the epnon ;,i sa.d MOR1GiaGiE, as fvity and comp~_•~r!y as if all of rhe sald wms of money werc originslly st~puiated
, ~a d on svch d.y, anything :n s.~.d nro ~,,uory nore cr in this Mortgag~ to the con+rary notxith~tand~ng; and ~hereupon or thereafter at the opt~on of
':~ORTGA't:'E, v.~t~,~~it ~oT:ce o. drn,.,cd, surt af ~.,w or in equny, the~efure or therrairer brgun, may bs prosecuted as if all moneys sec~red hereby
~ . ~ ~atured pr.c: to ils ins~itt;tzan.
7. Tha• in t;.c event that at the brginn~ng oF o~ at any time pend any w~! u,_un •!-is 1.!ortgage, or to foreclose it, or ro reform it, or to enforte
e.~t of anv c'~:~,~s hereunder, sa~d A",OR?G:.G=~ shall .pp{y to rhe Ccu+r ho.~r,y ;;.~~sd,ct;on the~eof tor ~he appo~ntmem of a Rece~ver, such Cour~ shall
..~vh a; pc~nt a r_~~~:~r of sa,d ~r~,-~y.,y_d p~c:-.••ty ai; a~d si~~g~:m, ir.clvd.ng a~ d s::~~~iar the income, proS~ts, isaues and revenues from whatever
dari.•ed, ecch ar.d every of ,vi,ch, ~t ce~ng ewrress'y unde~sseod, n iere~y m.c~tg~g~d as if spec~frcaily set (orth and deacritk+d in the graMing and
~_.,d~m c:a::srs he:.oi, and s.:ch Rece~vr. shalt hawe a:' t~,r o~oad ar.d eitxcrve f~rc~ e:~s .~.~d powe~s in any.v,se e~trusted by a Co~rt to a Receiver, and
~c,poin!ment ah.,l! be made by svch Cuurt as an ad:niltid cgviry and a ma~ter cf acs~_~v~e rfght te said MORTGAGEE, and w~thoul teference fo fhe
.,,.ty or ir,adequac~ of the va;~e of thr ,~reprr~y mo:~gaged or te t'r:> so.~•~,cy cr ~n~o;vency of said 1dORiGAGOR or the defendams, and that such
--s prof~ts, ancune, issues and reve~ues :haEl be appiied by such RECCI'IG: d~:OfC~~,~g tu the Gen or equity of said MORTGAGEE and the practice of such
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3. To d~ry, Frcr. F t:y a~d futly perform. distna~ge, execu'e, efle:t. co~ pie~e, cu^zpiy with and abide by each and every tF~e stipuldtions, agreements,
ons and to.rrnnts :n sa~:i pro~;~ssor~ nor~ ~„d ih:s Jliy]~@ set tu•t't•
9, iF;t ~r ?he event rhe ov.~t~s~'• of !~r~ c:;,:t~ayed prr-:~:ses. o~ any parl tnerecf, cecomes vested in a person other than the MORTGAGOR, the
=EF, rts <..,c:_ss~_rs anci as- ay, v.~~~...! ~~o~ ce !o nc~ V.ORTG%-OR, dra~ .,,~:h auch successor or successa in interest with ~e(erence to this
~,i~ge a~ d tae u! ~.creb~ sc::•red ir, tf:e s::me ,:er as v. ~th F.!o~!~,gor w:rho~t ;n ar.y way vit'sating or dixha~ging the Mortgago~s" liability herr
. o~ ~~con vhr d~_~~! i,:, er; s~•r, _d "+o s> > c! :ne Fre ses her<by mor~gaged ar.d no fo+bearance on the part oF the Il~ORiGAGEE or its successws
_~~u a:~d nu _~.o-, of rhe s,~-.: fo• ~•~y:re~,+ c,* ~he drbe h~~~t,y secvred g~ven by the tdORTGAGEE or ~ts successors or ass~gns, a~wll operate
- _:;se, d.scha~ae, ~T:od;f~ c~„-~,e or affe:t the or;y:~,,~t i~ao;.ty of ~he hlJ~2iGAGGR fie~ein, eithe? in whole o~ in part.
iQ. It :s s•.ccfi,~l~y agreed tha+ nme is of the essenre uf th;s co~~tract and that no waiver of any obligat~on hereunder or oi the ob(igation se-
r, •_d h.reb~ sha'~ ar eny ti:r.e tnrrca~~er b~ hc'd to Ge a wai~er of the !e~~r:s hereot or of the instrument secured herby_
1! ,.=.',c ~ ro *e~•_!:: ,~•h:: ~•,ts of p i::c pat ar:d inre~~_et reyu::e3 by the prom ssory ~~ore secured hereb/, mortgagor tovenams
+ 7~_~es fo ~ay to ~nc-:~ yee ,r..rh . Jc_ y p.,:. :•,r, an ~ional s~m ~s!::- a~cd b~ moctgagee to be equal to 1;' 12 of the annual tost of the follow-
A-A'~ rea~ prcpc~r~ tarrs :~:~e:: ur ass<ss~~~~ ay:~:s• ttic al~ove desaib~~d real estat:.
S--F: ..~;_s oa . a~.d v.~nd;•o rr; -v"a -'s ner~.:r, req~~red to 6e _arri~•d on the ~mprovamc~ts sitvate on the above d°stribed premises.
j C-Pre~r.w:,s o~ mor~g ye g~~•~~:ty s~:a~ :e as mortgagee sha~i frcr^ r me ro ~~me deem fit to wrry on the ban secured hereby. ~
~ .~~o~t. . gee s:. •o~~: ~:•*-e ro s,r,.e r. e•~ ~ n.,~;t~n ef the a~::oom d~e and a able hereunder and such suT shalt thereu n be due and ~i
3^ g:; 9 P Y P~
[ o~ the u1c a~~~ c€ ~h: r.~~.e ~,o^!F,:y r~y~.,.rnt a•:d exl~ successive mo^th thereaiter ur.til mortgagee sha~l notify mortgagcr of a change in such
~ rr. Such Svmi e~~a ~ t~e aop;~ed E~ n•or~ga3~.e ro,.a-d tne payment of reaf properry taxes, indurance prem,ums, and mvrtgage guaranty inwrance ~
. ~ s. ~
E ~P. :'JtTP~E~S :lHER~G=. ~ne sa~d N.:~~TGAGOR has here~nto set his hand and seal the day and ye iirst aforewid.
' Signed, Sea~ed and de:~vered in the presence of: ~ ~ ~
` f LED AN4 RECOADLO ~ a
~ ~ ~t~~Jt-_ i~.~lfClE COUNTif f~A. ra y i Zpa r se,q
~ - - ROCER vpttRAf
~ _ CLERK CanCU1T C4UIIT < < al) .
~ L RECOP,Q VE?~f~EO~...~:~. era in . . i a r ~~an
a ~ - 1
~ - l/ ~~r~~- - -
~ ' ~ OF fIORIDA . ~ , ~,p ~ ~ 3 ss PN T5 ~»~!O~
r ~ t. j, t1C i(: SS.
~ .':,Y OF - ~
~ sefore me perso~3i:y a~pe~red G ra~ C• F it zpa t r ic k e~ '
~
~ Gezaldine Fitz atrick z
F his wife, to me well known and known to me to be
~ • -d~vid~s~e a>>«<<;rd in a~d r.ho exec~:ed the foregoing instrument, and acknow;edged betme me that they executed the same for the purposes ~
~ . _ Geralc'ine J. Fit~ atricsc
n expressed. A~:d the sa~d________-__ P
~ of rhe said _ G r~ t~ C~ . ~ 1 t"lpA t L 1C~C upon a separate and private
~ r~jt:o~ by me t~Kan separate and apart from her said husband, atknowledged to and before me that she executed said instrument freeiy and volun-
~ , and w•hoUt an~ cc,~~•;,v;s~on, co:utrair,t, apprehens~en, or fear of w(rom her said husband. ~
~ IYiTF:~SS m~ hand artd offcial seal th~s- .---~0 da~ of _ ~et'rlk'ir~ A. D. 19 7S ;
_ - ~
~ Notary Public i s or the State of Florida.A~ ;'~i~
~ My Commissio expires: ~ r~~~''••, ~
x Resurn To:
4 ~j-~C -d ' 7~ No~ary Pvb17c, Sro1e of•~ ' nL ta•~s'.
.s! Federai Sa.~r,~s b Loan Assor.a!.on My Commiuion Expfif~'~ir. ~2,~ 14j~T ~ G~ '
~ Of Fort F ..r.- ~~d Y
~ br Mxriwn iiri L'Cc.v::y c~1 Gi
~ Fo•t Pi~~ce F:_ ;cfa ;,~•~r` ' ~ - ~
~ `~y.i:~~~,~.~ . a
~ ~
, t.
~ : . -
~ This Instrument Prepared By Gary F. Iillvrooc~ v^r
~ F~rst Federal S3vings ~ Loan Association '
~ of Fort Pierce~ Floricl~ _
~ C~~cked By 0 R
~ aoaK2,~ ~cf1~~~
~ ~
a"n i
: . ~ ~ - - ~ - . _ . . _ :
n s .r"''-~'-tir,
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