HomeMy WebLinkAbout1099 3. io p•aca and continuo~s~~ ?ecp o~~ ti~c 1.•_~ u~::gs ncw or hrr~•;Fter s~t.~;re cn s,,:d !and a~d un alI eqwp,~~cM a~~d pe~w~auy co~C<<d by ~his morlg-
w:th all prem:~nu thcrron E..:.d .n !u!I, i:r: u:s.,i.,~ c~: ~n the ~.~~s sr~,~~,de~.J pv'ty fo:m, ~n d i~rn aH~~ro~ed bv the h1C1k::a:~GEE. and wu+d~toim
.~~~~sc~ant! in the usuat s'a~idard po'~cy lorm, in a•,un~ apy•i~+~•J uy the MU~c~l~.a~.:~, Suth company Or co•~~pan~es af 1he MORiGAGEE may
:i r. t~; and ~II fue ari:l w~nJsturm ~n5u+ai~Cc ~.o,~c~c~s un any oi s.~d b~i d~•ys, a^.y ~nirrct~ tl~eirin or pa~t lhrrro(, in the ay)rrgate su~n aforlsaid Or
, ri:rsa ih~~reo(, s~~all ;en~~in t~~e ~sw~t sr.:~.d.ud n:o:~y:gee cieuse or s.:ch otiirr c:~uie as thz Alortyagee may rrq~~re, mal,ing ~I~e ~oss unJrr sa~d poli-
s each and every. p3,,,b:r ~o s~~~d :1JRTGAt:t E as ,es ,~~_•r~et ~,~jy apFcar, .r:d • aci. ,.~~cl e~ery wch ~w;~cy ahali ce { ro~,:~~~i~ ass g~~cd a~~d dc~~~e~Cd to
f'.eid by :a~d ~~'.OC;C.::,fE as f~~~h~r s_.ur~ty t~ sa~d ~+,~:ty.,~e d_b+, anJ, ~~or f~ss ~~~ar te~t (IOi da~s i:~ ad:ente of +he expua}~on ef rech pol~cy, to de-
ro sa~d f.10RfC~AG'~ a rc:~ewal thr.eof, r;aethe~ wiTi: a rrcr~pt for ~he prr~r,~,~n of wch rene,,af; and thrre shatl be ~o f;re ur w:~~di~o~m inwrante
F:'+c~~J on any o1 sa~d L~~~J~ngs, ony inre~rst tha~e,n or pa~t ti~~reoi, ~:.ss in i%~^ Ic:~~• a~~d w~!h thr Icss parab'r as afueso:d; and m the eaent any sum
c. ~,onry Lecomes pa~ab~e ~nder svch po,~cY o~ F~~.c~as s+~d 1~10RTGAGiE sh~il ha~e ~he opt~un ~o recei~e and app:y ti~e same on accoun~ of ~he indeb?ed•
:~,~as src.~~•d hareyy o~ ;u Nerrn~t S3~C~ :'.ORT:;AG:)R$ t0 ~tCeivt ar.u u10 it Or uny i'. ~1 lt~-_;vJt iO~ C;ne• [.u :_SeS, v:Jn...:i ~hr'~ u~ .•r~..~~•.) Jr nn~..ir-
.+~y eq~~ry, hen or r~gh! under or br vc~:~r of ~h:s n~c:e~age; and in thr event sa d M.~~2iGAGORS sn~ll tor. any reason lai) to kcep the sa~J prenuses so
I.~_.:~.i. ur loil M dc'~.er p~omutly any ot s.,~d F-o~,u•.s „f ~,:s~u„~:cr. to s,:d 7.10R1G4CEf, cr ioii promptly to Hay fu~:y any pre~„~u~n thvelor o~ in anY
.,t fai! to , erform, d~ich,~ge exr:~~r. e~iecl, c~•~~p> c•a, co r,~ly w~~h :.nd ,~;de by th:s :..v~nant, or any part hcrraf, se~d fJIC~RTC •>GEE may pidce a•~d
f~~• s..ch ~r,s~r.,n;~ or any pj.~ the:_o1 ~n~tho"r ,n.+~v::,g or otiecriny any opt~o.~, t+en. equ~ty, or r~ght u~.dcr or by virtue of ti,~s Maig~ge. and the
• ~::~;,~nt of ca:h a-~d e.~••~ s..ch E;~; o.,m ?h;l' br ~r,•ccl~~~e~y u.:e d:~~I p3y~~%~t J"~I s~•.+It bra~ ~~~te~~sr fro~n ihe date thercof u~~t~~ p:.~d at ~he rate ol
~ ~~-f .~tn1~,~n F~~t .3.~,.i.i .r~.l t~.-.~.:i .•e, • ..i'h 5•.::ii ~ . _ . .fli~.. s,:u!?:~ f~}' tf12 ~.e•n O{ 1f1iS mOllC~lt~C.
J. ;o E.~r~n~i, com.nit or suft~~r r,o v,as~c. ~n Fair~-:~m o~ Jcrer~o:.,t;o-~ cf se~d ~,•~p~cty w any par2 thereof. .
S. To pay a~l er,d s~~g~lar the cos!:, charg s a:~d c~uer~.'i, ~n.iuci~ng a re~s^::r.i:~e attomey's fee a~~d ccs~s oi abstracts oF rit!e, encurred or psid at
e 6} sald ~I~,,;Qt~~~A~~E, bct.+use c: .r ;he =vcr:t of :I.c fa:;•.:re on th•.~ p~rt o~ ihe s~:d h10RiGAGOR to d~iy, pro•r.ptly ar.d fu11y pe~form, d4tharge
•~.,1~, e4fe.n, ca*~u~rte, cwrF,ty w~!h acd ab~lc L•y ea:h a~:d e.ery the st~p~:ator.s, ay~~e~~~e~~ts, condn~ons, and co~rnants ot aa~d pro:nissory note and ~his
•:~.ye any o~ e~~he:, a~id s~d ces~z, cheryes ~~J c.per.s•~s. each and rve•y, si~,,i~ th ::•,~n~•d~atety due and payab!e; whrther or not there br not~ce da
~tr~~npt to co~iect or s~~i pend.ng; and ::~e fvil a~,ouin ui eacn e~,d eve~y su•_h Fayn:ent si~oll bza~ mterest from the date thereof ui~iil pa~d at the
n.n~• ;,:r .~n:i,~n , ,a.~;i ,cets, ri,j~3oi .~~~.d ..x:,_rt~'S ~~~w:tcJ :.r }:.~~d, foge~the~ wJh iuch tntereST, shall be secured by the ii2n Of t~t~~ ~
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6. That (a) ~n thc even~ of any Lf@3f~1 of th~s .'Ao•:g.+~~ or defa~:r c-~ t~ r p~rt th~ R'.ORTGAGOR, or ;b) in the eveM any of sa:d s:~ms of money
<; reKerrad +o be not N~o~~:ptly ar,d tuily ~,a;d r.~~~:~~• ~n,:ty •3:~ d.,rs ~•.~nt a'+••r t:~c s,s~~e srvera.iy Gecome due and payable, wdhout demand or notice,
.r io the e:ent e,uh ar.d evc+y ~hr st~ou.3~~r.:.s ayrec~ne+~is. co•:c:'.a•s and :.:anants ~t sad premia<_ary nc:e and th~s mor!gage any Or e1lh2t are no1
. ~c. rrl, ,.c! ~,~.y ~;e•};~,.^._d. :i st'.arg :S. ;t<J. ritr<tr: co, .•..o :o ...i ..~,h ~cd ae: ~~_d 5y, tnen in e~ther or any wch evan! Ihe aaid ag
. ~ s: n r-.e o~i~d sa:d ~,•c,~~:_so~y i:_ tr~n r.= ,.~~n:; ~.r.~ „i,f. ~th ~ ~vcrr,t .~_.'..~-d, ar,d a:l mcn~•~a setured hereby. si~atl become due and pay
, f..r~;..v~!F.. or _~'r~r, at th~ cr .,..~;~i ~:.~,r~. as i., ~y n~N ~ ;,;s ii a~i of thr s~id sums of money were ong~na;ly st:p~~ated
~ ;~a~d o~~ s~~c~ c:':i. .~..~,n-.~~•.~ _.~p~.....,.ss::rp•^~+., or i., tF~~~s .':,urtya.~., +e co~~'-a~~ no~+v~thitar.d~,ng: arid thereupon or the~eafter di the option of
:~2iGAvEF. ~'~ce o~ c•~ a~ ~f, s.~~t o~ ~r in etiu~t;, i.,_••, •„r ~i ~r r Uegvn, nwy be prosecuted as if all moneys secwed hereb
~ e e~ ~~:•:a r Y
;ru:ed pr~or .c ~•s ~ _<.c~•
7. T!..~! ;n t%.c ev,~ at r~-r k;~.y:~~.. g-c or at any ~ re ~:d :.y ,°v r~ i!~;s Nortgage. or to (oretlose it, ot to reform it, or to enforce
o~ :,n~ c ~~.s > _ , . ~r....._c f~~ rt h,.: y ; . ; cror: ~~~r:~ot for the appo~ntment of a Rece~ver. such Coun shail
.:.h : r . ~ ` , ~ ei ~ : . ~c: .j _ ,r. ~..c ~:l . ,i s~ ,:u ir t~ e ir.corne. prof~ts, iss~es ar~ reven~rs irom whatever -
. _ _ . . . _ .~f , . ~ . y . 5s , „ i „ ~ ; ~_;~,d as ;f s~,ec.i,c~'fy set forih and described in ihe granting antl
~v^: c'a.~s.(~ r. . ~ Is~ ch k~ c~'..~ r s~~.~ `r e:, c•._ac:~., s.+~:d ,-:owers in anyvnse eMrusted by a Court to a Receiver, and
. ~ ; FJ~~:'m,~.~t ,r~,. .;de b, s~c~• C~_.-1 .+i a~ ,ci~~~~~e*:•d er~-..rty .3:-~o a~~~aer~r c~ ._.,~:o+e r!gh~ ro sa~d MORTGAGEE, and withcut reference to ~he
.cy cr ~~~a:-!._,;,•~ .~'ur oi !h~_ - e{~~r~ ..,~~r~.y~-, r t- t•~ s.~._ _.,,.~..:r o( sa~d 1.10RiGAGOR or the defendanrs, and that such
~::o+.ts. ~:~c~ .ss:._s a•u ;_.e::tes s.:e.. c: :..d ay su• nec~•~.~r e_,,,;.: ;,g w The I~en or equity o! sald MORTGAGEE and the preehce of such
3. To ~~.y ~~~d ~e•`o•n,. d~;cr.a•,:e, ?ce`..;!°, e{`~t', w•r.p:e'•. .I; w~;h a~:d af~tde by each and every the st~p~lations, agreements,
~ns ~•~a cc, > i :>ro-,:s:,rr ,~'e ~hs ~._.:g.,~e s••~ ~o:o...
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' i. ~ s~ rF~c• ~r •ee .v.-.ers~.r, o~ r.;~.• r-,;-r;,~.~ci ses, c- a•~y art trer•:oi, ~ co•~es vested in a non oth~r than th~ MORTGAGOR, the
- . , . ,t _ _ - . r_ . _ . _ ,1~..~ .t t~~ su.n auccesso+ or s~:cessor in interest wnh reference to this
y^ „ r;,. ~ , r . . . , . t~ - = r.,..' _ es ..:•n ~s_i~ . _vt o^y ~vay ~it:ating or d~siharging the lAortgagors' liability here-
_ . . ~i~.. . - . , ~ . o~ . . c..s . . , c; ~ .•d ar d n~~ ferbearan:e o~ the part af the 11VOR7GAGEE or iti Suctessors
, , .,i • _ , _ . , ~ , . . . ! c r r . + - - , . , e:l g~.._n by the 1:,ORTGAGEE or ns successors or ass~gns, ahall opera~e
~J s. y,, r . _ _ .t~ _ c ~ ~ : , , o• J: ~ ~GJR i~ere•n, e~ther in whole or in part.
'p. i± :s s:.~- ~ ~•e~d s`> +s _ <ss .ce ci f% s co~n~cf a~•d ti,at no wa~ver of an~ ob'.~gat~on hereunder or of the obiigation se-
' _ ecy s`~a.. a• en, t' e:ncrca-~?• i t,i 'f .•n ot _ _ ra _ or of ~t~e ir,str~rneni securrd he'by
~ i? ~n : i.r.r ~ . . _ ~c:c.- . .:i~- ~•:s:,r },~i-,_; . .r:i ~ •cr,,. req~,..,~ ur t:`,e promss~ry n:~e sccwed her•~b~, mC:tg3gor eovenants
~ - e i, _ c,-~ i., . , u1 ~~.o-~y~gre to be eq~a~ to 1 14 of the arr;~al cost of the foliow-
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~ ~ - A:f r. . ,:F.~_ . . s , _ . ,5. _ _ :lc ~ d _ .1 .•zr .
j ; t . . - . , ; ..i,• - r.. , - ~ ~ r- _ . , ,.roveme~rs s tuate on the abovc descnbed premises.
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; p,,_ ;~c•s m,,..,~,:,e :,:_,,~tr ~~s~ . :*.c•!~.,q,,. ;hs:! !rcr. r:~.e .~~~e d_.~m fit to carry o~ the loan secured hereby.
t . , , . . • : . ~ , . •:3 ~ o~ . ~ :a _ . . ;f_„ .3nd p~yabie hereundar and s~ch s~ n shali thrreupon be dve and
3 1~., , , _ . ..r _ _ , , r e c , ,;c~__ _ ~.afr,r urt;i r~crtg3ger sha'! notify mortgager of a change in s~ch
_~_h s_ ~s . ~ . , . d t~., ofy~rf., F•c;.e;r; ra¦es, insurance pre~n,wr~s, a~,d mo~tgage guaranty insurarce
t ~.s
a
? F:.:,'ir:E~S ..'iER:Ci=, _ c' ;L.;:2;C,:•~,)K ~~:,s ~~•:~r.,-.to se• n~s h~.u an~ s•_~~ she day ar.d ye r fint aloresaid.
;gned, Sea:e e:ed in the ew~l~_e of:
r ~ ~ f 1L~.~ tKl' ~EGtlR~ (Seal)
~ Lu~:[ C-JL'~` e et h R. ew ~ ai~
~ . - - - - - - ~F~C:~r~!`~?S
ClEvi~. ~1=Cg`.T LO - ~t / 'i'" (Seap
~ ~fC''~~+ Vf' =`£a Vel n . "re (seal)
=
~ iJF FIORiDA ~ ~ 2 +31 N
~ St Luc i e r~ 3~3a~?~
~.rr oF - - - - - - ~
~ Kenneth R Drew
~ 6efo-e ~^e pe~so-~.a:,y ;p:;e>.,ed - - ~ snd
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~ Eve 1 n L. Drew _ t,;: wife, to me well known and known to me to be
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i • ~d~.~dua's d•~sc•lc;.d ~n a-~ +.no execvteci fhe <.orego~ng inst:~rr,enr, and acknow:edged before me that they executed the s~me tor the purposes
a`
' n expressed. A.:J rhe 5-;j EY~~yn .L._P.YQ~1L----------
; , os the S~,~d ,__!~nneth R. ~rew
_ _ _ - - _ _ - upan a separate and private
~ r,,r :r, 5y r:e sc, ~~:=:e a~:d a~~~r! sr::•~ he. sa~d 'nusband, ac:nov,rledged to and before me that she e:ecused said instrument freely and volun-
. a,,d r~o~t a~y cc•~ u~'s.on, co~ stra,r.t, e ~n:.e^, or fear of or f~~m ker szid husband.
~ :~li',~SS r-~r na••~3 acd off;~:al seal th.s - day of---------- Ch A• D• 19~-
3 '
~lotary Public in and for the Stat f Florida large
My Comm~ssion expires:
;s D,e!:~rn ~o' a9 /9~~•
.>t Fed~ral 5.~... ys 8 ~oan tisscc...t on
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F.,.f P,: _ _ ,
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° Thi; Instrument Prepared By John W. Col l lns ~ ~ ~
Fi;st Federal Savings 8~ loan Association J~ r
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o{ Fort Pierce , F lo t i da
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Cnecked BY ' U~ L l r+• .
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