HomeMy WebLinkAbout2741 3. To place and contmuously 4ecp on tlia tu~'d~~,9s ~~ow or heceaf~er ~itu~~e on eo~d land and on ali equipment ~nd persw~~lly coveied by ~hif mort¢
ega, w~th all premwms ~hr~eoo pa~d ~n lu~~, hrr i~e„rs~~cr ~n thc ~s~al ste+xie~J y.+'~ty lor~n, in a sum a{.Wortd by Ih~ MORfGAI'aEE, snd windsto~m
~r,w~ance in 1M uwal s~u~dard poi~ty 1orm, ~n ~•.u~~ approvr~ by ~ha MORTGAG£F, in iuch co~npany or canpan+e~ ~s tM MGRTGAGEE m~y
d reU; ~nd all 1ir~ and w~ndirorm insuroncr pol~uss on •ny ol sa~d ouild~nys, any inte~eat thrrein or part thereof, in ~he a~rt9~te wm •faesaid or
~n eaces~ ~her~of, thall :onrain the usu~i aia~~dard mongagee ciausa or wch odir c~iuse ati IM 6bnpaqee msy reyu~r~, ma?~nq Ihe i~a~ unJar sa~J po~i-
c:es, eath and every, payob'•e to sa~d M1IJRIGAGEE a~ rta u:tvr~st r:wy appasr, and eaci~ a~.d efery such ~w:cy shail tx p~omptly assgntd er,d de~i~tred to
any held by sa~d 6~ORiGAGEE as iurther secwity ta sa~d mort;~a8e debt, a~~d, not lcss ~han een (10) d•~s in ad+~~~ce oi ~ne e~piration o~ each poficy, ~o de-
i;~er ~o said h10RiGAGEE a re~icwal the~eof, ~opether with a recr~pt for thr prr~oiu~n ol wch renewas; e~~d ~hero shall Le ~w (~re or wind~to~m insu~~ncs
p~~ced on any of said buildi~rys, any in~erei~ the~em a par~ tl~arcof, .,nirs~ ~n ihe,form a•~d w~~h the lou payaLle as a~ae~eid; and ~n the evenr any sum
oi mo~ey become~ payable under wch pollcy or pol~ues se~d MOkiGAGEE shall kave ~ha opt~on w receive anc! apply tM sanm on accoum of the indebted-
n,.~ss srcwed hereby or to pennit sa~d MURTGAGOk$ to rct~~~ve and ~se it w en~ pe•t r;~e:~ol ~or o:nr~ pur~~oses: .•.~~iwuT ~h~r~u~ ~va~.~ ~y or ~~.,p.,~~• .
~n~ any equ~ty, Gon or right undrr o~ by virtue of th~s mo:rgage; and in the evem •j:d MORTGAGORS shafl fw any reaion fail to keep the sa~d p~emises so <<
,nsurcd, cr iail Io de!ivsr pranptly any of soid po:~t:es of insura+~te to sa:d ~4tURiGAGEE, o~ toil prompt!y 10 pay fuiiy a~y pre~~ium th~~efur p in a~~y
r, s,,ect !ai! ~o pe~fo~m, d:scharye, execute, efiec~, canpwte, c~mp{y wiih ar.d ab~de by rh;~ covena~U, or eny part hereof, seid MGRTGAGEE may p;ace a;~d
E.jy for such insuronce or any part thereof wirhout waiv~~~g or effecting any oNno~, lien, equ:ty, or r~~ht u.~,der a by vlrt~e of this Mortgage, and the
!:.~I amuunt of eacA and e~ery such paymcnt shalt be ~~vned~ately d~e and payalle and shall brar ~nterest irom the dafe thereof until pa~d at the ra~e o!
. e Fe~ ientv~n per a~,n~n~ and taq.ttrr ,n~th sc;h +:~tr~c~' sh.~~: bP sec~red by lhe Lrn ot th,s mortgage.
1. To {xrm~t, con.mit or su(fer no waste, impeument w d_trrioretion of said property or any parf thereof.
S. io psy atl and s:ngute~ the costs, charues and r~penses. ~ncl~ci~ng a re;,so:zable z!+orney's fee and costs oF abstrncls of title, incurred or paid at
!~n:e by a.~~d Ml)RiGAvfE, because or in thr e~ent o! ~he fa:iure en ihr Fan of ~he sa:d MORTGAGUR to duly, promptly and {ully perform, d~scharge.
.~c~te, eifect, cemytrfe, cemply w~th and ab.Je by e~cn and every the stiYulai~ons, agrcrn~ents, cond~hons, and covrnants oi said pror.~~swry note and this
,,-rqa9e any or e~~he~, a;.J sa.d costs, tharges and ex~enscs, each snd every, shoil be in,m,ed~ately due and payable; whether or ~ot there be notice de
~.~-~::1, attt~npt to to~iett o~ su~t pend~ng; and ~t~e tWt amount oi eech ana every sucn peyn:eni ai~aii tiee~ i~~f~~rs~ i~:;in ii:e uatu ti:e:eut u~iEiE ~;a'sd 'ai i~:e
.:i n~~e per centv+n E,cr o~~n,,:n; anc; sa~d :ua~s, .h,~~~~s ~~d tX:.CnS~'S nKU't~A o. Ha~d, toyetne~ w~th such interest, thail be secured by the I~en of thi~
n~ tgage. • -
6. That (a} in the e+ent of any b~ra<h o( th~s ~Aurtgage or d~•fa~~r on tiw ~rt ci th~ MORTGAGOR, or (b? in the event sny of ta:d sums of money
F~ ~r~fn refe~rra to be no~ pro~nptly ar.d fu:ty peid w~+tun ~h,~ty (3v^) days newf a•te+ ~i~r same se.erat:y become due and payable, wilhout demsnd or notice,
c} in the event each and e.cry the shpu:a~~ons, agraernems, co+~d,T~o~~: an3 covenanrs of sa,d prom.~:wry note and th~s mortgage any w e~~her are nat
pro~~ptiy and tu~ty ik~forr,~rd, dsche•g_d. ew:~t~-d. e!fe•cted co,~plet,~d. c.•rp:ed a.~th er.d avded Sy, then in ei~her or any wch event Ihe said ag
~ase sum mrnt:aned in said prorn:ssor~ ~,,~te thrn rem~ain~ng ~~~pa~J, v;ith in:era;,e acc .,ed, e~.d a•1 monrys setured hereby, shall br.~tome due and pay~
ewthw+th, o+ thereaitcr, et the o~t:on c4 s~:d A~URTG~CiE, as tuity a~xl <an~H.rn~!y as il all of the said sums of money were o~~ginally stipulaled
pa.d on svch day, anylhin~ in s~.ci r,ro ~::ssory note nr in ti~~s l6lart•aay•~ !o tfiv com:ary nu~+o~~hsto•~d~ng; and thereupon or thereafter at the option of
h10RiGAGEE, w:tF,oi~t ,•ot.cr or deme„d, s~~~ et t..w ur m equ~ty, ri,ere`.~ne or thereafter begun, riay be proaec~trd as if att mo~eys secured hereby
• :i :r~etured p~eor to ~ts inst~!~i~on.
7. Ihar in rhe event that at rn> Ge,,~r,~,,n~ _,f cr at ~ny ~::nr penti~„g any su•t ;;on th~s R+o~rgage, or to foreclose it, or to refwm it, or to cnforce
=.cnr ol any c~~ •,~s h~~~e..nd.,, s.-~d :.+.~RTG:,Gc: sha': e~.p:~ r~ ~hr Cc,.:~ ; ,<I.:i:cn ihcruof for ~he appo~mment of a Receive~, such Court shall
•..irh op~~a•:t a._. .er ot s_.ci : ry.;~~-.i p~ep• a:: a~~d ;:•~gv ar, c:.;~ :~y y:.d s~.~utar tht ircome, profds, issues and revenues from whatever
_ dar:.ed. e~ch a~d ry;,i ,•y ~•~G.~;-s;y ;nci~•-s~~:d. ~s :<:._is .:~rgsg-•d as if syec~ficalfy set forth and deuribed in the granting and
•~~d~m c,avses t•••r; ot, a,•d s~c~ k~c~,~.~-• zh~:t h~:e e~~ ~nc b+:;ad ~~:d e~:~~c••~e `•u~ ~~u and pov.ers in anywise entwsted by a Cowt ro a Recriver, and
, ^ 3Npointmrnt sh.:!, bc madc by wth C::,~t as ec ~d.•~::t~d ~,~~:t,~ .+~,~i o~•attcr er e`;solute nyht to said MORTGAGEE, and withouf ?eferente to 1he
,,cy or ~nadrq~a.; of :~e ~ s•.,e oi th;~ p~;,N~rry n.o~!y~gc~' or tc r...~ s~~ ~cy er ;c:.ency ol said MORiGAGOR or the defendams, and that s~ch
•s` E;roi~rs, i~,cu~nr, issves ~nd rever_es shai: br ap;:;~ed ty such Recr~.er ;;~.,;r:i.::y i~ the Iier or equity of sa~d MORTGAGEE and the practiee of such
_ ; T. .
8. io du:y, p:o~r.{!:y a~d fui(y perform, d:scharg<, exec~}e, estecr, co^fp _~c•, ccc e~fy w:th and abide by each and eve~y the stipuiations, agreemeNS,
.!•~ons and ccver~ants n sa:d p:om~ssory ncte anc~ ti~;s m~rtg3~e srt fo:t!:.
9. T6a: i~ ~he ev~•~t ;t~e o.rne+sn;p of the rnortg::yed pre~ ~:zes. or a^,~ F a.t tcnreof, becemes vested in a person other than the MORTGAGOR, the
.'<iGAGE:, irs suu~ssr.s a•:d ar~j~~s, ~,~ey, .v~~h;,,s nci~c~ to s~.e :'~J~`:.-'•OR. d~~a. ~~~h s~ch successor or suaessw in interest w~+h refe~er.ce ro this
•~~ge ar d the d-_in I.crebr occured m th~ sa:r.e ~:.annar as w~~h t;,~r!_~,,g~- v1~th~~t in any way vit~atir.g or d~scha~ging the f~llortgagori {idbility here-
upon ~he d~•~+ kereb~ seo~red. `+o sa'e uf n:~ ~:re~r,~ses ~~Cr~•Dy ~n~~igagad and na forcearance on the part of the MORTGAGEE or its svecesson
~os and n-v ex:ers:on of ~ne nme ior shr p~yn er.t of tne drt:~ h•~,~ s;~c~red giv~n 6y the M(~RTGAGEE or its successors o~ assigns, ahall operate
r~~ _,se, d,scharge, m.od~fy change or aii~u t~:e o-~g~na~ il,u:.ry ot r,e t..;RiGAGOR i~e.ein, either in whole or in part.
10_ It is spec;`lcc~~r _~g•eed t1:at t;~ne is ef the rsse~-~~ of t~.~s co•:rracr erd that no waiver oI any obl~ganon hereunder ot of the obtigaYan sr
_•_=d h,reby sha:; ar any r,~~:e ihereeiter be r.:,!d ro a wo~~e: cr fhe !e:ms ~e.=of or of the instrument sewred herby.
! i. In . i i c , c ~ lcr~.3c o..: ~ E,.. >•f n+! a^d c,r=.,-,~ r.,a:, rd by the prom'ssory nore secvred hereb;, mortgagor eovenants
-~•ces :a ;:a, ro r, h~~s_^ ,~~c^~r, ~t ~n ;o:i •:cna• sv• ~s~~ ~.a ~d bJ e:o~tg3gee to be equa; to l;' 12 of the annual tost of the follow-
A-Ail rc~! p:cpc.•t; taxas ;e:~..C o• asscss_.ci ,y,~ s• •f•t~ .~i.ove de;r~:_d r~af esrate.
i 5-F,. .„,s o,, ~~:d ~:l~r, n•:-c~r, n q;,:.,.~ i~<~ carr.,.d o•• Th-.r :m~;rov:me~tS s~tuatz on the above desu~bed premises.
C Pre _ o~ h~* ~.r~~ gu., - v~ s~ra- =e as o~r~a:~ee s'.a:l fre:r c•r.e to time dee~n fit to eany on the loan secured hereby.
E :1ort~,nee s~.~" `•::~n t~~nN tc +~r•e •~,o•+F, ^:ontag~r m wr~hny of tne a~~ oo~t duc and paya~le hereunder and suth svm shall thereupon be due and
i ~ on th._ ci.•_• e;••~ t~e ~_•t cnt and e,ch s.~tt~_ss .e o.:rh th.~:e~fier ur:f~l mortgjgee shall notify mortgager of a cha~ge in such
~ Suc~: s~~^s S~ a: ~ p a~.~~:iro b~ . ~r~3i: ''cr.:i'd rie paTn;ent oE re.~: propert f taxes, insuraoce preni:~ms, a~id mortgage guaranty insurance ~
? I'~ YlITPJESS ::H"tP.EGf, th,~ sa:d t.'.~R?G:.:~n has nere~nto set his hard and seal the day and year fint a4oresaid.
t S~gned, Sea~ed a^d de'ivered in the prrsence of: FltED xtii' ~:EC4r~JED
~ - - - ST.Li~C;~ :.JUNTY flA. . ~7. ,~~ii2t~~L~ r5ea1)
~e- - - R~GcF ~•l~'~~S a es M. Greer ~~ai~
~ °c~~-/~ C~E~K •_:::GJ~I~OURT
~ - F.if.~r"i V~p `.'0 (Seaq
~ Be t t J Gr r
(Seap
; M~ 2l il oz ~M'1~
~
4 _ OF fLORIDA ~
u ~
~ ~'TY OF - - ji11~~~ - ~ 3O
~
~ 6c4ore me persor.a'.iy app~ared _ _ ~aIDeS M.Sreer snd
~ ~E~t~l_ _~4__Gl"_@P.I--_ _ his wife, to me wcll known and known to me to be
~ _~nJiv~dua~s desc.~ued in and wieo e,~er~ted the foregoing instrument, and acknow:edged before me that they exetuted the same (or the purposes
~ r - --_-_Bettv Jo Greer
^ ea^ressed. And rhe sa:d_
~
~ of th? sasd _ _ _ _ .~~eS M.__S,aZQQl upon a separate and private
~ ~~r:~n by me t31_~ se;,arate a~,d ac;art 4rom her sa:~ husband, acknowledged to a.~d before me that she eaecuted said instrument freely and volun-
, and v.:chovt a•:y co^ po's:on, co 7stra.nt, a{~p~enens~on, o,~r
`fca~r or from her said husband. :
':ra7ti~~S ~y hand ard o~![c•a: s_~al th:s _~r_~ _f"~ _ day of---------- March _ A. o. ~9 75 i
_ ~ ~
Notary P~bl~c in and for the te of Fbrida et Large
My Comm~ssion expires:
Re!urn To:
::st Federal Sarr:3s S loan Asso.~,;t,en
- Of i ort P e-c,. ~ry M1~l. ~ AOf~,O 1~ ~Of~
Fo.t P~= -~e. F!~_, d, My torw~nisreu Ea'ir~s Oet. ~0, 197~
6ondcd by Americon fire i Coavolfy Ca
~ This Instrument Prepared By Williarn J. Forbes
First Federal Savings 8 Loan Associaticn "`~r''•:
~ of Fort Pierce , Flor ida 33450 - ~ U ~ ~
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