HomeMy WebLinkAbout2739 3. To place and cont~nvo~siy teep on fhe bu~;d~~~g~ now o+ beresf~~y s~luate on wid land ar,d on all ~q~~p~.~e~~ and pe~soneNy coYered by ~h~i mor~p~
ege, with all premiuml thrrcon pa.d :n f~~l, 1~r~ ~ni..~n.~cc ~n ihe us...ft st,,,,,ie~d ~o':c/ lerm, in • swn aFprovtd by the MOR.I~:.G[f, and w~ndStoim
~nsuronce m the us~al S~J~~(JJfd ~lO::CY for:r. ~n a wm ayprovrd ay the MvRTGAGeE, ~n s~ch company or compan~es as Ihe h~URTGAGEE may
d~rec~; and all I~re ar:d w~nd~tor~n ~n~urance po~~urs on s~.y of ~a~J lw~itl.~~ys, any 1mer.:i~ th:~iein or part th,;reof, ~n tM eggrcgate •~m •faesaid or
:n eacest ~hareof, •hall co~ua~n tl.e ~sw~ s+ar.dard ~r,or~~ayee c~~uae o~ suth orhnr ~!..use as the Mu~tyayee may roqu:rs, ma?u~ II~e ~o?a u~~de~ se.d polt
c~rs, esch and every, pay~b'e to said A1.?R:::•AGEE as ~~s ~ni~•res~ may appeer, a+d oach v~~d e.e~y such pu :c/ sl:ell Ue pron:ptiy ass y~~ed a~ d de.~+cred ~o
eny held by seld MORiGAGff as tu:iher s~cu~ity io »~d mw~gege d•:b~, aed, oot less ~ha~ !en (101 days in ad+a~~cr al ~hr napuat~on of each pol~cy, to de-
I~.rr to said MORIGA~EE a renewal ~hereof, ~ogeihsr w~~h a rec~~~pt lor thr p~r~nivm o( s~ch renev.a~; and thrro shall be no fire or winds~o~m insur~nce
p''+ced on sny of said bu~i~~ngs, any in~erest ~hrre~a w part t~~rr~of, un.~si in ti,e form and with the toss pay~6'e as afo~eseid; and in tne e~ent any sum
o~ money becomes pay~ble under such policy a poGcies s~iJ 7AOkTGAGEE ~hall heve tha opt~on ~o recr~ve a~~d epply the ssme on acco~nt of O~e indebted~
nrss sec~ned hcruby o~ to pum:t sa~ti IAORIGAGiiRS to reca~~e and use it or any pa+t tt,r:eof tor om, r ~:u~~ osrs, ~,nho~t th: n:~, ~va~.~ e~ ~mp„ir•
;~~g any cqu:ty, I~ert or riyht und~•r or ~y vinue o~ this mortgayc; and in the event sa~d M~ZTGAGORS shatl tor any reason fail to keap the sa~d premises so
nsured, or feil to del~ve~ pro:~ptly any of sa~d ~:oiit~es oi ~nwranca to said R\ORTGAGtE, o~ tail yromptly io pay tu~ly any premi~m thereiw or ~n a~y -
r~spec~ (ail to perform, d•scharge, execute, eifect, co~uple~~, ca-,ply wi~h a~xl eb~de by th~a ccvenam, o~ any u.v~ harrol, said.MORiGAGEE may place and
F~r tw such insur.,nce o~ any p~rt ~hereol wiihout waiv~ny or affecri~~g any o;,iwn, tien, equ:ty, or nght undrr w b~ virtue of th~s Alortgage, and ~he
amount of each a~~d e~ery suth paymer.t shaC Lc in.~ned~otely d~e a~~d payable and ~r~al! bcar interest }rorn tha dete Iheicof u~titil paid at the rate o~
_e• prr centum pe~ ar.num and tn7v~ier ~ni+h wch i~~te~;c! shal, i,•cw•-d t>~• the I:rn of th~s mo~t~oge.
4. To pernit, tommit or s~lftr co wesle, impairment or detcr~craUOn o1 aa~d prop~rty Or any part thereaf.
S. Tc+ pay all and :ingutar tt:e ccsts, charges and ere~e~~srs, ;nclvd~ng a reasonable atror.,ey's fee and costs of abstracts of ti~l~, incur+ed or paid at
. ri~,:e by sa~d MGRIGAv`_E. becauee or in fhg cvrrn of the !o.:vre on ~~e part ot tne s~~d MORiGAGOR to duly, p~o-nptly and fu~iy perform, dacharge,
.~•wre, effrct, co~np!tte, co,r.pty wnh and ab:de by rach dnd every ~he st~puiauor.s, ag~~timents, cOnditionS, and covenanrs of sa~d prom~ssory note and th~i
„-rgage any o~ ei+her, a:,d sa d costs, charqes .~•.d exprnses, each a~~d every, sna~! Le irn~ned~atrly dve and payabte; whethe~ w not the~e be notite de
._~:~ci, otir+n~al i6 cu:~eC1 or suii prnd~ny; eno ti~e tuii a~t~.o~M oi ed~h enu eve~y fvcn poy~r,e~i snaii txe% i~dc~dif t~cirn lili ileir (iltrrpl ui~tii ~eiii 8t iiiE
n;ne I~er ccn:~m at~ ,<..d cos's. c~» 3es r•d c.;.~~~.~s ~+~cv:r~~d or Haid, toyot:~er w~lh wch interesl, ihali be secured by the 6en Of thif
c ~tgage.
A. That (a) in thc even~ of any breach of tnis Mo:fyage or d~fa.,'t on tf~e pnrr of the 1d.ORTGAGOR, o~ ;b) ~n the eveN any of sa:d wms of money
!=•rem referred ~o be not pro,:,p~Iy ac:d tutiy pa:d vn~h~n ~n~rty (3J> deys ne~~ a•eer ttee sa »e severa:;y Leccme due and Fayable, wiihouf demand w notice.
cj in the eYent each and rvery the ,tipu;at~ons, a,~~•~emrnts cm~dt~e •s and covenants ot so.d p~om;ssory noie and th~a mortgage any or either are nol
.~,ro~r:,;tly and ru~ty ~rrf;;rn~ed. C s_':a~y•:ei. c~ecot~d. ci~~,;i~:~. co,n; ,~v_d, ce ~~p,..cd v.~+h ~nd ab~Jed ~Y, then in e~ther or any such event the said ag
:~~e s~•n menr,o:~ed ~n se~d {.rom~;sary nc,!e rhen re:;.a~:~;.,a unp.,~d, ~+~nh ~~,r~r~;r a:c:urd. <nd a:: rnor.cys sec~red he~eby, shal! b:come due and pay
'.orthwith, or iherearrer, at th.; eE.•c.~ ~t s~•d A1<~~TvAC,EE, as !u•iy ti•,d :on~,,ie<<•~y as ii a!I cf thr s~id sums of money wera or<ginally shpulated
' p,. d on wch d..i, anyth;n3 ,n y, u Hrc.c:;so: r n~tc o: ~r. ih~s l.'.ortga~^ !e. th•~ conr.ary not~::rhsr.,nd~ng; and thereupon or thereafte~ at the option of
•.40R?GAfEE, wa~~vt :~ot~ce e~ ci~,~ a~ d, s.,~r a~ tav. ur in eq~~ty, i+~:~•,i_:re or therrai~er beg~n, n:ay be prosewted as if atl moneys secured hereby
• . ~.•at,;r.:d pnot ro ~is in:t~~~•~~~.
7. T!at ~n t^a e~e~,t a! at t~e ~e ~;~•,:•:q or at a•~y . H p~•rd~ng any s~~! u~ .~n th~s No~tyage, or to foredose it, or to 'reform if, or to enforce
. ~.,t oi any c,.rs : e c.. . s~~d .:.~~eT":,,~: _ sha.~ ,!'o ~f~c Cocrt hs.~~ y; f r:o,, ~h:r~o! for the appo~ntment of a Receive~, suth Court shafl
..,~n , ~~.t _:e~ ct r,;,~ d F+c; .•t; d' 1' J Si•.~'..i~i~. I'.!Ui.i•'.1 o~. S..•~yl~f ir•e mcome, profrts. issues and revenues from whotever
~ 'z~ ~~:ed. _ . ,..:y of : ~ .-,~q . , ~ ;;n;1_rs~.;~. ~s Ic,.:rr n• _,.~-;,rd as i4 spec:lica:ly iet forth a~d destribed in IFx granting and
' :ivm c;avses he•~ot, d se,cn R:cr~.e. sh., , h.:.~• t~,~ i~+. ad ~~.d rrec+:.e i~. .s ,~nd puwe:a in anyw~se enuusted by a Court to a Recriver, end
+ppcin+ment sh.;~i t.r ,~~ie iy s.,:F: icvrt as an vd ~~~ttrd a~•ci aef;•r o',so'.;ta rigM to Said MORTGAGEE, and without refetence lo fhe
•cy or inideJ~3c: of t! e Y~~ue of ~h~ propony mertg,.y~ei o~ tc rt.: sc _~.•ci .enrf of sa~d MORTGAGOR or the de4endants, and tha~ such
s profns, inco~i,e, lss..es ~r.d re~en~es si~a:i be a~,pued 'cy such Rec<+-.er auora~,,g.ro the lien cr equity of aaid MORTGAGEE and the practite of wch
. ~s.
B- To d;,'y, pro••; ~iy a~~ fu'~y {:er~o•m, d~;:i:ar~e, exec~!e, ef=ect, to~r.p'rte, ~.Iq vc~rh and a6ide by each a~d every the stipuiations, agreements,
•~cnS and c..v.,nancs :~.t1 ptCr„~SSO:y nOta tn-3 rr.;;~tg:~~e set fot:h.
9. Th.;t in ti~e eve^t r~e o.:~~e:shl; Gf ~1,~• rno~!yagod pre~~:,ses. o~ an~ nart t~~cr.•e•f, becomes vested in a person other than Ihe MORTGAGOR, the
. .~=AGic" i~s s.~:ccss._ s a~:d as~~_r~s. ~,.ay, ,n ~h,,,! rc~:ce to thc ,Y,O~;G%•OR, dea~ v..+h <_.,ch s~ccessor or svccrsso. in interest w~th reference to th~s
- •:i,ge r-:i ~ne t:cr_~:,y sc~u~ed ~n ?n: s> ~:c .-~~~•r.er as w;rh t,;orTyago• ~,rhout :n a~y •xay vit~aTing or d,scha~g~ng the /.1ort9agars' liabiiity hert
• o~ vE.oo t'.~~ i~! t~cre! : s: c•,~.,d .+:c a• e:;! s.., E.e,~~:ses h~•r~~b, ,nr.,tgo~r-d ar.d no forbea~ance on ~he pa~t oi th,~ )~AORiGF+GEE or its suecessors
;~,s ard .,•~~~s:on ef ~F.e r,r~..~ ~i;e ~,ay,,.rv cf rr,_. d_~bf n~~~eb, setur.,d y:van by fhe l.SpRTGAGEE or its successors or ass:gns, ahall operate
, r.,_, d.sc~~r3e, m~~d~fy c~ ar ~~fe,t u.e c,y.r:~' ~~a:, t~ oi r;.e ~t'.OR1 ~AGOR nere~n. either in whole or in part.
~0. It n a;;ec fi-..it, agr~•~d ~hv :.:r:_ r o' t}~_ ~ssence ~f th:s co~~tract ;,nd that no waiver of any o6'~gat+on hereunder or of the obligation so-
~ d har~by sna!~ ~T any tir:e +h_iec~rer be hc:d te be a w.,~~er of the !ecros hereal or o} the instrumem secu~ed herby.
1 i in :~i_! r . • _ ;:,n_:~o ~ . , c.iy,. ;s u~ ~ - :~d ~n.. , ci b{ the premsscr~ nore secv~ed hereb/, mortgagor covenanis
.ces rc ; -r, . , ,.';s ...~:h ~ , .h ; ~ . ..:,,r; _s•'•.:icc? u~ ~no~igagre to be equal to 1, 12 of tix annual cost oi the follow-
Q.4~~ r.i' f~n~_ T.ii._~~S r.• ~55_,• s:~;`S• :~~~~v~ d_~5~. rC3i CS!,~IC
~ E-Fr,~ -•s cr~ 'v: an~~ Wi:':ISip• !1 :!.$J'v' C@ ~S n•. ~:~n roq~~:r~d to bc- ca~r;~ d en the improv~me~ts s~tvate on the above d_stribed premises.
C P~~_ ~ s ~ h~*.., ~_.,~e-„ ~ s~•a~ - as ~r.c-sg.::~e~ sh3l! irc~~. ^:e ro tunc deem fft to carry on the loan secured hereby.
:'o.!a~g~~ s~.~ r r, ro • c:r., 'r. ~n wr;~.r.~ of the ar: o d~r and payab!e hereundrr and s~ch sum shali thereup~n be due and
F o~ _-1~_ .i=*- i'._~ ~~o: ,t a!,d e.:ch s.;ccess~ve ~:o:r~, et•~-~aftr. ursi! mo.tgagee shal! notify mortgaoor of a ehange in such
G 5_ch s...~s s~ a~p ~eci L ~ m.rr~ r:.:.a•d r.~e f;a~ment e1 resf pro~err~ ta~ees, insurance prem:ums, and mortgage guaranty insurance
i _ n's.
~ , .
~ i`; '::IT`:E~~ .;H_3~G'. ~a,~~ +:•~:iiC~.=GC`,:i i,as nere~~:to set hic h~nd and saal th: day and year first aforesaid.
° Signed, Sealed and de ~vered in tne presence of: ~ ~I r~
~ - - ~l l,MI -:ii~K~ ~ .~1 C.{ ~,~,~f~j
i~.~l.~ •i L ~yl~T9' F~. • r5eal)
, _
„ 3c~,~t t: -~iTRaS ~ G ad H. .A ort la a sin l~~~lult
' ~ ' !C'-~`^ , ~ ~ Jti ~C~lR'~
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~ ! /7-~ r'---- ~~~r~ Fft`-.bt~ k;~~)~~ ~Seaq
~ _ ~ ' _ ~~?'L O~'~^- J {Seal)
~ OF fLORIDA
~ 11 ~l ~2 P#~ 3O~'79
. u
~ ~:~r or - St. Lucie_-- - _ _ 1
detcre me pe.,or~ily anYe:.red Glad S H. A ortela a sin le adult
~ - - -y - s- and
~ _•~bis.wi4r•to me well known and known to me to be
~ •.J~vidua: desu~bed ~n zr~d who e~ec~~tad fh= foregc~ng ins~r~rrent, and acknow~edged belore me 1hatS~1@ executed the same for the purposes
~
` • n expressed. ~Ar~~iae~i~-----
~
of~t6a.s~.d _
: ia. - - - - - ~rPow+'ap~r~h ~wd-piwNS• ,
r~s z~a ~tmt ~ ga ~sae mc r~ ~aa .~m ~?se s~sz~aslr~r~sl~r~ s~tsb~at s~s ssacdad~r ~a+~~ts lre~~ sdura
a ~+.ti.~~rLr~iwW~w~.cs~,ru:c~q~c~r~~ar.+r~~{,t.iw+uon~M-ija~~f.~r Sro~Fra.aairlintba~i
.yl[`:E~S m har d ard efiic:al seai t1~~s ~/Gla.- ~f
? ~ °'L-- - - day of._ - A. D. 19 /
~ - ' `_'c~
- Notary Public in and for the e of fbrida at Large
= My Commnsion expires:
keturn io
~s! F_~'_;al ~a.~:.gs 3 :om Asso~ ,:t.o~
Cs =:;•t Ilohry h~b~t. S~e1~ d A~rido a? lory~
Fcrs P.,r:..•, i;,-!:f.~ My Co~newssioa E~r•~s Otr. 30. 1f7i
- B~r.ded by Amer~:an f~r~ d~~yp~h ~ ~
- .:,:i v ~
_ This Insirument Prep~red By Willidm J. f~ ~
_ Fi~51 Feder Vlfl(~S 8~ Loan Associafion Forbes :-`l;'~ :<~1^~ Y
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_ o ort Pierce , Florida 33450 , ~a~ ~ '
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C}~ecked BY - ~OOK~~ ( PACE~~J~ ' ; ,~^,1' . ~ ~ J' ` _
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