HomeMy WebLinkAbout0114 9. To placa and cunl~nuo~sly ?eep a~ tha Lu~'~:r,gs no~v or I,e~ea(te~ ~~t~ete on ~a:J ~a~x1 and on aN eyu~p ~~ent and persur.alty cotiercd by ihis mortp-
ege, wiih all prem~~ms thrreon pa~d ~n fu:l, f~~e ~nsw~ :c< :n the usva~ s~enderd No!~cy form, in a num appro~ed by the MOR~G.~GEE, and windstorm
insurance in the usua~ i~a~~da.d pot~cy fcrm, in a sum approved by the MORTGAGEE, in such company or companies af the MORiGAGEE may
d~red; and all fire and w;ndaterm msura.~ca poGc~es on any oF said bui~d,nys, any inte~esl Ihrrein or part thereof, in 1he aggredate sum sfaesaid or
in excess thereof, shall conra~n the ~sual srandard morty,~gre clause w such o~her c~~~se as the Mo~tyagee may reqwre, making ~!~e ~oas undrr sa~d poli-
c~ea, each arxi every, pa~aLle ro srid AIJRTGAVEE as ~rs uver~-st may appaar, a~ed each rnd eve~y such po~~cy shall ~x i ranpt!y assy~~ed and detivcrrd ~o ,
eny held by said MORiGAGEE as further Sc'curily ro said morlgage debt, and ~ot less ~han ten (10) days in ad:~nce'ufi~ii~ expiradon of each poticy, to de- ~
l~~er to said MOR~GAG:E a re~iewal thereof, ~oqethar vvith a rrce~pt for the prcm;vm of svch ra~ewat; and there shall tx oo f~re or winds~o~m inw~ance -
p!aced on any of said bvild~ngs, any imerest therein or part ~her,.•of, ur.:eu in the io•+n and v~ith thr loss p~yable as aforesaid; and in rhe event any sum
cf money becomes payable wxler wch poticy ~r poGcies sa;d MORTGAGEE shali ha~e ihe opfion to receive and apply the same on accouro oF the indabted-
nesa secured hereby o~ io permi~ s~~d ldORTGAGOR$ to recrive and use it or any ~,art fl~e~rol {or o:6cr puri,cses, r~~~hc~t tM_.: wa~~;~~g o~ ~~e~p~ir.
ing any equ~ty, lien or iight under or by virtue of ~his mortgage; and in the evenr sa:d MORTGAGO{tS shall 'or any reason fait to keep the sa~d premisas so
:ns~red, or lail to deliver prornptly a~y of s.~id pol~ci~s of ins~ran~e to said MORiGAGEE, or iail p~omptly to pay fut~y any prrmium there(or or i~ a~y
respect iail to perform, d~scharge, exac~te, effect, compirte, comply wi~h and ab:de by th~s cove~~an~, or any pa.l hrreof, said MORTGAGEE may place and
pa; fw wch inwrance or any part thereof witho~t waiving or affeui~~g any opnon, lien, equay, or nght under w b~/ v~~tue of ihis Ma~tgage, snd the
f~;ll amovnt of each ond every s~ch pay,nent shait be ~mmed~ately d~e and payab'e a~~d shai! brar interest from the date Ihrreof until paid at the rate of `
n~:,c• pef cCntum per annu:n and te'3.thcr .vi~h such i~~erest shaii ue sewred by Ihe lien Qf thia mortgage. ' .
d. To permit, commit or suffer no was~e, impaineient cr deterro~ation oi sa~d property or any parl thereof.
5. To pay a~l and sing~ia+ the cosre, charges and expenses, indudu~g a reasonabEe atromry's fee and costs o( abstracts of title, incu~red or paid al
~~~y time by said k1~;R1GAu;E, beca~se cr in ~he eve~n o1 th~ fa.lure on rhe part of ihe sa:d MORTGAGOR ta du~y, promptly and i~!ly Herform, d~stharge. "
•ecute, effect, tomp;ete, co~nply wAh and ab:de by ea:h and e~ery the stipulaLOr.s, aoreament~, conditions, and covenants of seid promissory natt and this
,,,~*gage any or e~+he~, and sa:d costi, charges and eaFe~srs, each and every, shai~ be immrd~ate~y due and payabte; wherher w not there 6e rtotice da
~..,-,d, anrmpt to co~lect or su~~ pend.ny; e~~d the fu11 umovnt of each and e~ery s~cn payment shall baa~ interest trom ~he date thereof until paid at the
o' n~ne pe~ o~~~t~m per ~n,:~ n; ancl ai~ ;aid c~sts. ci~ar~rs a~~S ca:~r~.ses ~rxu~rcd or F:a~d, toy~•ihrr w~th such interest, shall be setured by the lien of thi~
~nortgage.
6. That (al in the eveM oi any breach of thls Mortgage or deFault on tfro parl of the MORTGAGpR, c. ~b) i~ fhe even! any of sa;d wms of money
F_rein reEe~rrd tu be no~ pron:pNy and fully pa~d v.iihu, tn~rty (3J1 days ne,ct a*Rr the s.r.ne se+era:ly become due and payable, wifhoW demand or notice,
c; in thr e~ent cach and every rhr stip~iations, rg~rements condr,ions and covenan» of sa,d promissory note and th~s nwrtgage any or either are not
pro:~:ptiy end fu~ly ~,ertormed. s=h~ry•_d, e:ecut~~d, effectcd, co~nt.~ered, co:»~:i~ed v.~ih and eL~ded ~,y, then in either or any suth eveM the sa~d ag
,:_aa!c sum mennoned ~n s3~d p:o,~:;sory r,o,e then re~naue:ng unpa:d, wi!h in+~~rr,t acu_~d, and ati rnoneys secured hereby, shail betume due and pay
_ ~ tcrihwith, o~ thereafter, at the oNt~~n ot seiJ +~',ORTGAGEE, as fuiiy and cemp;rrely as ii a!l o( the sa~d sums of money were or~ginaily st~pu:ated
~ t~~• pa d on suth ci~~•, ~nyth~~~g In aa.d p~c n ssory note or in this !'.!o~tgaye to !hr cc~~~!ary ~rorN~ihsfand~ng; and Ihere~pon or thereafter at the ophon of
s.1 /10RTGAGEE, .ti~ti r,~t n, ~~:e e. dert~and, s~it a~ iaw or in equay, therrlcre or Il:ereai~e~ begun, may be prosewted as if all monrys secu~ed hereby
~ -nsturrd pr~o: ~G AS inst~!ct~on.
7. ihar in ~he ev~nf rh ~r at rn~ bog,nn ny -~f or at any t~me pe~ding any sv;t uonn r1~1s Mortyaye, ot to fo.eclose it, or to ~eform if, or to enforce
:enr o! any c,~ms !,ereur.d_r, s~~d NOkT~;,:.v:'. shali ::rpty to the Cour~ ho.~•,g ;;.~.,d cr~cn n,ereof for the appo~r.tment of a Reeeive~, s~ch Coun shall
.:~th a,.F~oint a n.:e~.er of s:J~ + ~~tyojed ~,rcp..~ty a;i and sin~;,:a~, inci~•::.ng ,ai~ a~:t' z,gu~ar t'r:e income, prof~ts, issues and revenues from whateve~
~:o•d. r.cf, a~,:3 ~.•,=y of ,,,r;ch, r ix;r.q .<~,ress~y ~~~rle~sroed. ~s her_:•y n:crr~.,~,d as If spec~jically set farth and descnbed in the granring snd
:dum ea~ses hcr~o', ard sv:h Rece~m- sf:aii ha.e a:! the b:cad and efiec~!.c turc> ~~s and powe.s i~ any~nse emrusted by a Co~rt to a Receiver, and
~ 3;:p~~mn,ent sh,! t,e n:,~ie ey soch Cc~e? es an sd.~,~trd ~yu7ty a~,d a n~e}ter of abso.~f•: r~gh~ to sa~d MORTGAGEE, and wiilwul reference to the
,-,ci er Inadecvacy o~ ~F:e vs.ue of r?,r p~oper+y mo~tgcge.i or to tF.e so.~e~~cy or :•_:,cy oi sa:d NIORiGAGOR or the defendams, aqd that such
. preirts. incurnc•, :ssu_s a~o re.^::~es shaii be ap+;~~ed by su:h Receiaar aao~c~= g t;, the {ien w equity of saEd h10RTGAGEE and the p~aUice of such
;rt.
8. ie du'y. prcrr, r;; .:r.d f~i'y pero~~.~. dis:ha:ge, c•~ec~!e, effect, comp:et~, c~•nF~: f,n,~rh and a6~de by each and every tne sTipu~atior.s, agreemeMS,
~ ,.•.ons and co+~•r,enrs ~n pror:.:ssor~ :.o:e a;:d this ~:~~~rtg,iq; sc! torth.
9. 'f:at m the eve^t ~he c~.~r.e•>.`:,. o~ t'r,, mo•~:~.ioed pr~_ i_s, o• anr pa•t tn.~reaf, brco~nes vested in a person ether thar, the MORTGAGOR, the
.-~?GAG,:. ~•s Sl•:Cei5:f5 :.'C3 ;;5: "'~5 ~:~.jy, v: ~ho.,~ r.c:r:cc 'o +•,e ':•OF,+~•A~~, dea~ x~+fi such suttessor or succrssor in ime~est with reference to this
!gage a'd tne dc~bl Fereby se;ur2d in the same manner es r.ith Mor+~„qor r;•t~+•avt m any way vihating or d~stharginy the /llortgagori liabilify here-
_r or ~pon the dctt }~~reuy s,w~cd ~:o s~'e of the Fr.~nuses he~rbi ~nortyaged and nc~ forbearance on the pa~t pf the MORTGAGEE w its sutcessors
;:gnn and ~~o .~xrer~s:on c! +hc• fi,~ ~he ~,a•r:f e~,t o~ ti~e deb~ h:,re~y secured g:vcn by the MJRTGAGEE or its s~ccessors w ass+gns, ai~all ope~ate
_ r~ic~se, dscharge, mod~fy chany~ or alfect fhe o-~g,na~ li~c;.;rty oi ~he A'.OR(GAGOR here~n, either in whoie or in part.
1~. It is speGfi~a!fy ao~red rfu! t~rne is of th~ essenc- o) fhis contracr an~ rhat no waiver of any obligat~on hereunder or of the obligation sN
:~~i hareby shait a~ any ti.~~e ther~e+te: b> !:c:d to b_ a w~i.~•: of the !erms hereof or of the instrument secured herby.
l l. In .;:i:i t~:. .::r~,.:' .....-,~r ~,-~.~.,.,.•;r5 0~ -~p,; z•:d inr_•res7 req~~r.d b~ tl~e p~om:uory no!e secured hereb'y. mortga3or Covenants
jr..
.~3r_es to p~~ ra ~~o-•g •.•ce ,,;+F~ ~•ach ;:•F~!, nt ar: add •,~-a`. su••~ ev+•~~ated 6~ mortgager to oe equal to 1,' 12 of the annual cost of the follow- ~
A-Ait reei ~;rope~ty ta,,s ;e•n:,ri o- r~s>>ud •gai•:s' t~~ ar::.vc drs<•:b•,d real es•a•e.
E- P:~,~:i~, •~s n' fire acd ~i;indst::nt r.:w•a~.t_ as ir~•ein mq~:r^~ to bc tarri~d cn th± improvernenis s~tudfe On fh~ above dsstribed ptemises.
C-Pre-nl.~:••s oo ,uch mor* ;ago c;~araoty •~wr ~~.ce as m,~rtgage~ sha11 Sro~r t;~^e ro ti~ne d<_em fit to earry on the loan secured hereby.
N.orrg;yee s'~~.' f•,,c n,.r !r; t,•~e ;;c~~f; ,r.c.a,.~~:,r 'n r,~~t;ng of the a•-o_~•.t due and payab;e hereundar and such su~~ shail 5hereupon be due and
rJc~ on !h., dur ,iar~ ct ik~ r,•~a~ c,r,'; pa; ne:~t end e.,c~+ s.;ccessire •.,u^!h !i-.reafi~r ur.t~~ mortgagee shall notify mortyagor of a change in such
. Svch s~ rs sca:l be a,^,F~;~eo t~~ncr!7ag.:~~ te.ca•d rhe payment of reai p.crerty taxes, inwr.,nce nrem:ums, and mortgage guaraNy insurance
: ~:s.
; Y.Ii;:E~S ':.HER:OF, tne s~~d ~:,Ok;GrGpR has hece~nto se! h~s h.~nd arid se-~i the day and y ar irst aforesaid.
j Signed, Sroaied aad defiv ed fn rhe presence of: ~`^'v~`~C
- ~ ~CZ~ •
; - n a ace . csesi~
t ~ t - (Seafj
i r_1~._ " ~ - 1~"/~~ _ S (Seal)
r - ~ •
6 l5eal)
' _ -
~ T _ OF FIORIDA
I ~ u.
! ~;Tr oF __St._ Lucie____ _ ~
~ggg
~ - Before me ersonal{~a k'allace L. Rushlri and
P / PFeared - -
Just ine g. R ushing his v~ite, to me well known and known to me to be
~ ; dividuals deccri6ed in and who execvted the foregoing instrument, and acknow~edged before me that they exewted ihe same for the purposes
~ Justine B. Rushin
•e n expressed. And th~ 53id_____-.______ 9
- of the sa~d _ Wallace L. Rushing upon a separate and private
~ nation by me taken separare and apart from hcr said husband, acknowiedged to and before me that she exxuted said instrument treely and volun-
~ : a:;d v.~fhou! any comp;,~s~on, constraint, apprehen ~ , or fear of or from her sa~d husband.
` MarcA
~ :i1T`~ESS my ha~Td and off;c:al seal th~s_ _'~~~C- day f A. D. 19 75
' ~ ~
~ ~ - ~ -
s - FIlEO ANU ftECORDED Notary Pub~ic io and for the ate of F' rida at large
~ ST.IUC+E COUNT'l Fl~ .
Return To: ROGEiti ~OITRAS My Comm~ssion expires:
~ , s! fOUerdl $a.in~5 3 ~cidti AssGG,:LGn Ci~ F~x C'~ ~'V~t C~VRT '{i J(
o~ F„-r RfCOR~ V_E~=;Ei1......~..--~ ~l
~ f:~rf P~ rr., Flc.~i~a ~ ' V 1~/ , -~y•
t V ~ ,
} 3U4918 ~"v'i:o~-~,
~ Tnis Instrument Prepared By G ary F . EllwoOd _ , ~ '
~s~~ _
First Federal Savings 8~ loan Association '
~ of Fori Pierce ~ Florida ~v,+ y~ C ~
~ Checked 8y7~- . '''r r . .
~ i ~~AI`
~ ' ~
f~`~~~h1t:11~~'~~~
80GK 238 PAGE 1~4
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