HomeMy WebLinkAbout0657 3. TO plece 3~~d com~nuously kecp on ~Le k~u~idings nc.v O~ he~ea~~er sitw!r on sa~d land a~~d un aC cy~~~picitnt artd pe~sonaily co+ercd b'/ lhit ~~ortg-
w~th all pr~~niams ~he~E<N~ pa d i~ fv:i, 1~r~ ins.,ianco .n the us~al s~~ndarJ fo'~c~ lor~~i, ~n a s~•n aFpruved by the MGR~GAGEE, a~~J w~nJltuim +
'~s~rance in iha us~al s~a~:d~rd pot~cy fo~m, in a surn aNF:roved by the ML~2iGAGEE, +n such co•npany or comaan~es as tne h:ORiGAGEE may ,
c1 ,ecr, and all (ire and w~n.iuorrn insvrance Pa~~~~~s on any oi s3~d iw~!d..~gs, any intar~tit there~n or pa~l thar@of, in Ihe aggrcge~e sum afo~eaaid or
Ir: excess thrreot, shall conre~n the cs~~l sfa~~dard n:or~yegre c:a~se o~ such o~hcr c~~se as ~E~o Mu~tgeyee may requ~re, maMing the ~oss u~~drr ~md po~i-
c~~~s each and everr. pa;av:e ~o s~~d ~ti!uR:GAG:E as ~ts ~n:.~,at n,ay a~:prar, ,nd ~ a_h .~~.d e.rry wch ~o':cy shail be P~ompuy ase y~~~d ar.d duuvr:ed to
,n~ held by sald I.tQR?GAGEE as fwthrr sacur~ty to sa~d n,or~yaya d•:bt, and, not :ess ~~an ten ji0) da~s in ade~nca of ~hr ex~%:~ot~on of eech pot~cy, ~o de-
.s•r ~o said MORTGAGEE a renewal thereof, toge~har with a rece~pt fo: the pre:nw~*~ of such renewal; and thare shall ba no f~re o~ w~~:ds~o~m insuronce
p',ced on any of s~id tuiid~ngs, any intarest ~hrrem or part th_•~:•of, ~•~kss ~n ~he fcrm and with ~f~e toss ~~aysble as aforesa~d; and ~n the ere~t any sum
or ~r~oney becomes paya6te vnder such poticy or poLoc:s s.~~d MORTGAG[E shaii ha~e ~he opt~on to rrceivr d~~d apF~ly the same on acco~nt ol the ~ndabted- '
~,-_ns secu~ed hereby or ro prnn'n sa~d 1.10RTvAGORS ro recri~e und use rt or ;,~•t ti~.•;,.o} tor e~i,~•r ~.~r~ cs,~s, v.~~na~t •h.•. u. .v.:,.~ =r „np.:r-
u,~ any equity, lirn or right und_•r or by virtue of Ihis mcr!gagc; and in the ev~_nt sa d h10dT(~s~GORS shatl .'o~ an~ rcason iail to kcep the aaid prem~srs so
~~.su•~•d, or fail to dc!iver p~omp~ly any of seid poi,u~•s of insurante ~c s~aid T,10R?G~^.vtf, cr fai! ~>rort:Htly to pay fully any p~e~~~~~~n therefor or in a~y
rc7 fail to peiform, dl;~haige, exrwte, elfect, cun~pleta, co~r:p'y with ond ab~de hy 1h~s tovvna it, m dny part ha~eof, said MORTGAGEE ~na/ p~ace a~d .
i~,. a~.rl, ins.,..,nrw or anv ~art thereof v~nhout waivinc~ or a{fecting any o}~t:on, 1:en, eyu,ty, or n~ht vnd~•r o~ by v~~tue of ~his hlort9age, a~d the
amovnt of each ar,d e~e•y icch pa•;m~M s~~o11 be +R•:~~etli~lel/ duC and pa;abi~~ a~~d s~a~1 bear ~ntere3t irom ~na aate tnercof u~~~~i N~~u a~ ~:~c ~
et cenr~~n ~:er ar.n~n~ o~:d te~~~tL•~:r ..~•h s~,:h i•,_,..s, ch~i'. s^ccr~~d k:y thc I!en of thii mortga3^.
To permit, commit or suffer ro wabte. i:i:pdin':enf o~ drr~~~cratb~ of sa'd i~rcperty or a~y parl thereoF.
To pay aN and singular the tosts, chr_rges and erpe~~ses, ~r.ctud~ng a reaso~~ai>!e attorney's ft•e and costt oE abs~rads of title, inNrred o? paid at
t:n.e by aa~d MCRTGAG`E, beca~se cr 1n th~ eva i' :.f :I~^ ~a.'~~e on ~he ;.an of ~F,e sa,d h1~RTGAGOR to dv~y, p*o:nptly and fu~~y perfo~m, d~scharge.
•:.~te, effed, mmple~e, comply w~th and ab.Jc by c ach end every the st~p~'.a+~ons, agr~•.~~~~ents, conJ~tion:, a~td covenanis oi aaid promissory note and ~h~s
•.»ge any or e~!her, and sa.d cos~s, ch~rges a•~d exprns.,s, each and rvery, s~+~~~ ~e ~rcn:rdiately d~e and payable; whether o? nof the:e be notice da
,.i. attc~npt to co.ied er s~~t pend~nq; ane the fu'.I amount uf each and e~ery s~.ch ~,ayrt~c•N shall kka~ ~nre:eit from the date thereof vNii paid at Ihe
.~::e ::e~ c_~•:;.~n a~i~;; ~d c<. s~s, u.,:3~•s ~u :.s ~~icvn:.:: ur ;,a:d. toyathrr tiv~th such interest, ihali be sec~red br9he i~eo ot thi~
;,•tg:~ge.
6. That (a) ~n fhe even• of ar.y br~ech of this Mortgage or d~ja,,:t on the pjrt nf t~e ;1!ORTGI~GOR, or ;61 in the event any of sa:d sums of money
refe~red to bc• not pro:,.ptly ano tu:ly pa~d ~v~+i~~n th~rty (3Ji da~s rtext a•te~ ihe s.>~ne severa:ty becosne due and payabte, without demand or notice,
c) in thr ere„t each and every +i:e snN~.anons, 3~ar?Qm2ntT, C~ •d~+:ons and co~eno-,fs o! sa.d pro~n~ssory no~e a~d th~s mo~tgage any or ei~her are no1
~,r~,r.},tly an:+. +~I'.y pa~forr.~•_d, ci s:f~a~~<d. ~-xrc,e_d efiected. co~r.{.:eecd. ra :•.~ih and ar, d~•J 5y, tl~en in e:ther or arry su:h eve~t the sa~d ag.
e s~m mrnt~o:~ad in s~ d'y~OR'~UOf'y n.!e thrn re~,~.+i~~;~g ~n;;a:d ~,an ~,~f.•~~.a ~•-a-rd, and a i monrys secured hereby, shall become due and pay-
~~orth,n•ith, o~ ~hereaE'~r, a; ~hc ou~~on of i.,.d h`,ORTGAGi~, as fu.:y a+~d c_,nr:o,~~ i as ~i a~l o( tl,c sa~d s~ms of money were or:g~na,ty snpulated
• t~a:d on suth t.c.!, .-n~r.~~::g ~n s i d rrc :~szory ne~e nr in th~s Atortgaya +o th•, ca ~•~,r~ r.ot.v~rhstanding; and thereupon or thereaher at the opt~on of
",ORTG:~GcE- v.~'~:ovt nc-..e o~ de~c~a~~d, n:rt at WYJ c~ in ea„ny, fh•.~•.~,~•e or ri:_;ra!r~•r beyun, m~y be prosec~ted as if all rt:oneys secured hereby
. . . ...~.t ...r ,r ,ts i"~stit~!.un.
7. That in rh~ e~~nt tt~„t c~ 't:e3L•~n:~:g ~~f cr et any t::ne• ~~cnd ry ar~y su'.t vpon tt~~s ffor!yage, w to f.xeclose it, or to reiorm i~, or io eniorce
~t of any . , s!a;e~^.Jer. ,..:STC...v:' s~~~ :.,EH , C.c:;ri h~; 'J ~ ..,._t~o•~ '!•~rot for the appo~ntment of a Rece~ver, such Court shail
•n ap~,.~ ~r a c! t.: d _ ~ : •t, „ ~ . y~~ ar. , . . s .auiar the inconte, prof~ts, issues and revenues from whatever
.~~d, e:_n ~<i e.~-y :.i e' , c..~ u,., r.ss.y u.i_~,'cc:i. ~s i_. ! f n.,,:•.; ;~:d as if spec~ficaiiy se• to~th and dewibed in the grant~n~ and
:;,~n~c a~ses her~oi, c•d s~:ch Re:-:~._ s• s, i~,._ ,~h._ ~~„3ci a~:a e"~":'.~- iv'i' L:5 ,nd powen in a.~yw~se en+~usted by a Courf to a Receiver, a~d
p,;in+me•it :1~:~G c~~ :-.3de ry s.:^•4; C~urt as a~ j.,.tL.d eq~ry r• d~ .,~•'e~ ~.t r,: vr~• riyM to said MORTGAGEE, and without .referente lo the
. c~ cr ~n~deq,rac; oi N:a va:u~• cf rhr p•eF~rr~y ~r,cr!qoged or to ~e.~ s. - ~~=^~v ~i sa~d /.50RiGAGOR or the defendants, and that such
~ ~:o~•is. ~r,co.r~e, iss~:es a, d re._~r,~es sna:'. be app~ied t,y wch Re;_::er a_,:~d,~•g ~o tt~e lier, or eq~~ty of s3:d h10RTGAGEE and the pracrice of auth
rt. ,
9. ic d~'~, F+or-,r',v =~.d f~l~y per~o•~,:, d~5'~:ary@, a[~CUtC, Cff~_! CJ^ p e~t'. ~.~y wi~h and ab de by each a~d every the stip~~ations, agreemeMS,
._ns d~:o c.:_nar.ts ~~.J J:o:,,~sser~ nu•e ;n,s n. r~a~e set tor!h
9. the etc..t .he c.~^•r;i~~; cf fV:~_ TO~ta3~^d FJfc"'~.5~5. D.' 3,1; ~.3f1 tt,t~rr.o.`. 6ecomes vested in a pe:son other than the MORTGAGOR, tfie
,...%•G_: ~'s s~~ccr~so~s a~ ri as:,;..- .ay, w,~F,~v! r e,',i~, re ~t:r :LORTL•:.~i:. dea: n:!}~ s~ch wccessor or Svccessor in imerest wdh refe~erce t0 thi3
;~~c a: o;: ,:1-u~ F:crcby s-_cuczd ~n ?!.e same r.,a,mrr as ~.•h ':.crtg;go~ ,v~thaut ~n a~y way vit,ating or d;scharging the l+lor!gagors' liabiiity here-
or ucon anc• doi:+ i~~~r~~; s:,~~.,~_~~~.: ':o s.>'e o~ s:•~ F.~e~r~.~s~s h~_•eb~,. ~~~crfacu~~d orcl r,p fo:bea~ance on the pa.t o~ ~he /10RTvAGEE or its s~ccesson
~:•s a:d ca'er;,c•~ o: ah,. ~S~_• Fap , a...~ oi t~.~ b• h^~F:.~ sec~red givnn bv the !.!ORTGAGEE or its svccessors or ass:gns, ahafl opecate
_:tie, d.sc`~~•ge, n.~dif ihe cri3~:~ ~~a,.,~::y oi ~i,~ h:°.:RI'vAGC)K i~ere~n, e~2her m who~e or m pan_
1Q !t s,:~c t~c . g~r. d.~.+~ n~~: ~s o' e:sr•:r o' •s cc~rtract ;nd ~hat no wai~er of any oc'~gat;on hereunder o~ of the obfigation se-
d har_•c~ sc a. a' a,~, 'i r tn+:..a~re• r_:~; to bc a ~.::ive: ;.f thc r,_ h,~r~~f or of the i:~strumeN sewred herby
' I i in . _ ~ . r .i n• :d rhe prom ssory nc~.: sr:ured her~by. mCrtgagor covenants
~ ~.s . , . . . . ~ , . . ,.i; , r c. , ~••~r ~re,•gigee fo i,e eq:,a~ fo i 12 of t~.e a~,nual cost of the foUow-
i
t ~ ,
y A -A~! : a; ~,'CF.~ td .:S 'r;. o~ .~gq.,.,'..... c• _ < <._,vP d....~•~•.~ d ~.~at Pz'~ •
, . . ~ .
: g . p.. , _ ,d . . ~ r . d t i;- ~ : c ~ . . .,-,rrov,me~ts s:tvate on the abovc d_scrib^_d prem~ses.
i C-Pre.-,..~.s cn ,~_~h r~n~~~;~~• r,;,~•,r!y ~rs::.:~.ce as :+.:r~~a;;en sh~:l fr.~r r:e to t;me dee~rs fit to earry on the loan secured hereby.
4
~ . . ~ . n. ~ , • i, ~ _ .,~r~n3 uf rF.~ dr1(I ~dJ3fll(± hereundar and svch sum snall the'eupon be due and
1~;., „ h~ _ , .a c,:~ s.re ss~ve _•tl ,.~•ca~~~r ~r.t~i mcr!g3gee shall not~fy mortga~er of a change in suth
Suv- s~ ~s s' ~ i ~e a~F• -ct e i^. ~•~'.i t~,e i a,~re•~t of rcal prc-,•erty tares, insurenc^ prem.vms, a~id mortgag? guaranty insurance
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~ i~~ :.'ll~:i~~ :,H_~::GF. sad ~~_n.iJh+J:~~ F:af~.fc-r._u^t~ se• his ha:~d and s~~~1 the day and year fint a~oresaid.
~ S;g a:ed ar.d ve~~
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~ CF fLORIDA - - - - _ . - - : ~ ~ ~9 P~'~~ VV~ai1V~~
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~ B~fere me pe.so~a;•~ apx~red Audr~ Hunter,_a _single 1(jlllt ane}-
_ hirwi4r,-to me well kno•xn and known to me to be
.
~nd,~id~a! d~sc:;ced ~n anr! .:ho eaec.}ced the foregoing instrument, and acknowledged before me that She executed the same for the purposes
~
_ ~ •.:n expressed. A~dttr_-seid._- _ -
+.:.~-at.t6e~saldw~ ++P~~sop~rataand~tiYaV!_
~ ...r•wwar+or..Fay..,~e~r+~cracopa~.te.~nd.~p.~ct~fcc.o~arL.s~~dJwsband,-a+c4s:o•.~.Iedgadlvaf+d~2aaEarq.srw.thatsho.eae~c+ita~dsaicliat7~ua~ontfraely~nd.vd~~~'
r ir.~w;~oua ~:.y.co-s.pr:epn. <w~wra:os. ~,pseb.x+s.o+~~ar-fw., vLa._.f.o.n~w~dbusbaod. ~
;:iTN_$S m~y ha^d ard aff:c:~1 seal •h,s 7th---_ day °f--- r'18ZC1'1 _ A. D. i9 7S
=
- Notary Pu i nd for the State of Florida at large
My Comm~ss~on xpires: ~
Return io: ~w,~v ^;°-M-, ~`aM of f1~r'-'?
_
~i :~rsi Federal Sa.iny-s 8 ~oan Assoc~;t,on I,A~• C~.•~...::•_n E~, :ati T:T'
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- This Instrurrient Prepared By Gary F. Ellwood ~ ~t~~
; ~ ~ ( . ~
_ First Federal Savings 8~ Loan Association ~
~ of Fort Pierce~ F loz ida - 1C~~`-,, .`Jj) i~-
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B~ ~~~:i~'~G
;r Cnecked By _ b. _
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