HomeMy WebLinkAbout0251 3. To place and coniinuo~sty kevp on ihe bu~:di~~qi now or hrcealrer s~wate on t.,;d i.ind and un all equip~~~en~ and penona:ly covered by this mw~g
aye, with sI) N~Fm~um{ ihereon pald in t~,li, t,re ~ne,r.,•~ce ~n ~he uiua: s~+:~c1n~J ~:o:~cy form, in a w~n a~~Nro+ed 6y ~he MCR~t;AVEE, ~~~d winds~orm
:rsurance in the us~al s~andard pot,cy lorm, in a a~c~ aNpro~ad by ~he MGRiG~GiE, ~n such comprny or co~panies as the MORTGAGEE may
J~rrtl; and aU (ire and w~ndslw~ii ins.:•.incr f+~'~t~~•s on an~ cf s.~~d Fvi~d.~~cls, any ~nter~st ihtrein or par! lhereol, in Ihe aggr~ga~e wm aforesa~d o~ ~
in eacefs ~h~ieof, shaft :ontain the uwal sra~,eij~d ~norry,,grc da~se or wch o~her ci,,,se as ~he Mortgayea may reyvne, ma?ing ~he loas under sa~d po~i- ~
i~rs, each and every, pay~b'e ro sa~d L1JRiGAGEE as .cs ~m~rest may apµear, a~~d ~~~ch .~:+d every s~~ch poi~r~ •h~ll l~e prompry ass gned and de:ivrred to
eny iroid by said htORIGAGEE as {ur~har setun!y ~o sa~d n~ort~age debt, and, net li•ss than ten (l0) days in adwa~ue ol the exp~ration of each poi~cy, to da
~,ve~ so said MORTGAGFE a renew~~ ihe~eof, togethr~ wrth a~et:•ipt for the prr••~~~~~ of svch renewal; and there shall be no 4~te or w~~~dstenn insurante
p!aced on any of said buildings, any in;erest there+n or pari th~rrof, unless ii~ rhe fonn and w~th ~he loas payai.!c as aforesa~d; and ~n the event any sum
of monry becomes payab~e u~~der s~ch pof~cy or pol~cies s~~d MOR1GAGfE sheH have the cpt~on to rece~ve and app;~ th~ same on account of the indebted- ,
nrsn aecured hereby or to permit sa~d MORTGAGORS ~o retei~e and use it or any thr:~ o! fcr ot~~•~• ~;vrF osz~s. ~•.nno..t ~h . ~~.i cr ~•~~pai~- "
in~ any equity, G~n or riyht under or by virwc ot this mo:tgage; and in th? evenr sa:d MORIGAGORS ahall for any reason iail to keep the said premisrs so
~~~su-ed, o~ faJ lo de3~ve~ promptly any of seld Fwt,c:rs c! insur3nce t~ sa~d b10RiGAGfE, or fa~I promptly to pay /u~ly any prem~u~n therrfor or in any ~
,rs; eu iai~ to pzriorm, d~sch.,r~e, execvte, effeu, co+,.p;e~~, con~ply wiih a~+d ob.de by ~i~;s cov~r,ant, o~ any par~ hareot, sa~d MORTv~.GEE may p~ace a.~d
pa~ fw suth inwr.+nce or any part thercof w,thout waiving or aif~~~ing any o4~f~on,~ i~en, equny, or rigM unde~ o~ b~ virtue ol ihis ntortgaye, and the
amou~~ of cach and e.ery svch payment :ha!I I~e ~r•~~ne:i~eteiy dve a~~d p~y~~. c a~~J shali 6ear irt}C~e11 Iro~n tha date thcrcof until pa~d at the rate o1
_ p~~t ~cntum ~,cr annu~~~ a•~d tu~:_IL~. :.rth s.. ~~n~.,..~s~ sh~~~ s.~:.:r••d tr~ fh•i ~~en of th~i mortg~ge.
4. To permit, tommit or sufler no wait..~, in;rairn'.ent or dctcr~cral~c+i of sa~ti pru},~ ty w any parl thereof.
5: To pey al) and sing~lar the costs, chargea erd ex}:enses, ~nci~d~ng a reasnn,~b!e anorney's fee a~d cosK~of abstracts oi tille, incuned or paid et
: t~n;e by s.;~d M.GQIGAG'_E, 6ecause or in ~he ev~~~~t oi +hc fa,:~re on the pan of ~ne s.,~d h50RTGAGOR to July, p~omptiy and iu~!y perform, d~uh~rge.
_.~cute, etiect, cemp!ete, co~npty w~th and a6.de by r.~,h a~d ~re~y the atipu~ancny, agr~e~•~~•nts, cond~t~ons, ar.d covenonts of sa~d promissory ~ote and ihfs
.~•ryaga any or e~iher, nnd za d costs, chargcs a,~d ryHcnici, rach and rvr!y, shei~ 'ue imin~•d,ate~y due and payab~e; whether or not there be ~otice dr
r•.:~~i, attc~npt t~ co~~ect or suif pend.ny; a~:d the f~!~ amo~nt of r3ch and e~cry SvCII F:Jy~11PN sha~l bea~ intcrest from tha date thereof until paid af the
r:~ne pe~ c~nt„~n H~~r a~:~~., n; W:~~ a~~ ;a~ci cc.-szs. cr,a~q~•s and ~a;~c~~aes c~:rtd or ~~di~. IUyrIhCT wdh suth interest. shall bs secured by 1he lien of this
,nc•tgage. .
6. That (a) in the erent of any breach of tFus M,o:tgage or de4au:t on f1~ p~rt cf thc :dOR7GAGCR, or ;b) in the event any o( sa;d sums of money
h.•rcin referted :o b? not pro~:q:tay and 1~'dy p•,:d w~tF,i:i 1h,.ty ;3J1 d.,ys ne.t a`t•~r thr sa:ne seve.a:ly becume due and peyabte, without demand or notice.
in ~hr evem eech and ever~ the st~F~u'aticns, a;~~ee:nen+s, co-,d~•~o~s a^d covenarrs ot s~.d p~o:nissory oote and th:s mortgage any o~ either are not
pro:*~ptly a~}c~ f~!:y ~.cr(ormtd, d s^,o~:~~: 3, exewf:rd. e~4~~u~d, cc••,~,~:e~ed, co~~.p; .e,:~ ~n~:h a»d at•ded ~y, then in e,ther or any such event the said ag
, +.a•e s~m ment~oned in sa~J pro~n~ssor~ n.:?.r +hen ~eR,alru~g ~rpa;d, with inte~ea ~c.:.~~J, ar~d a'i rno~~eys setured he~eby, shal: become due and pay
fo~~hw~~h, or therea~ter, at the onr•ci ct sa~d MJR1GAv;E, ~s iu:'y a~x~ co~nFi•_~.-., if a'f of ti~c said swm of mo~ey wcre or+ginatly st~pu~ated
~ pa:~ ai wch d:~, ;nyrt~~ ~q ~n ,3.d r+c n,,;,,y ~~ote cr ir. ~ius ~Aortga~:. ro th~ ;u~.r.,rr nor,v~thstar,~l;;,y; and thereupon or tnereafler at the opuon ot
':IORTG~~GEE. v.~'hc~,! no~:ie o• d~•n.~nd, s.;it at iex or in eyu~ty, ~h.:.~•iore o; th: n•,t;rr bcg~n, uijy be prcxcuted as if all moneys se~ured hereby
~ ~••~n~~t~d pnOt 10 ~~S ~~~sti'ut..n.
7. Ihar ~n the e.er:t ..r ar !r.e 6~~:~[rr~ ~~g cf cr at an, e.~ne ne~:d~~:g any s~, t c, o: tl:~s IV.o-tyage, or to fo~ectose it, or eo reform it, or to enforee
c+ any er.~~~s F•e~<<.~ 4'cr. s,~d ,'.;~;CTi;..v~ _,~~;i: <,~.i::~ w ~n;- t.c„~~ h,.~~ .j c+..,~, tt,..r_ot {or Ihe appu~ntment of a Recerve!, s~ch Court shall
,.,t e n c o' s.~.:i ~t.:-,-d F r , t; n:' r:d s~n3c,ia•, ir.c:v:: ^y s, ~u t';e ,^co~re. p~ofds, issues and rrvenuef from whatever
. w+• <<!. c.,v. a~:ci =.:~y cr ..r ,:,y -e ss v.;r;d• ~st~c.i. ~s t ,„ci as i! spcufically set forth aod described in the granting and
• , ct~.r. c a~ses i~r_o', ,~~d >,c!~ krce!.~r sf,a;; I,,~:~ a'! ri,~~ b-,.;ci ,n efi.~c~.. ,nd powers in anywne ehNrusted by a Cowf lo a Receiver, and
ppo~nrment sn.su be ~-:.~~e.by svch Ccurf as an ad ~irr_d ~:;.;~ty .,r~i o•.+e~c,r ~:c~e nghf to said MORTGAGEE, and witF~out reference to the
.:tr or ;r.adeq.,ac~ o! il:e valr oi :hr ;:~c,~c~sy ~ncrt~agrd or tc rh:e s_.:_•~_. c• .••_r.cy of said MOR(GAGOR or the defrndants, and that sueh
proirs, inco~.rr, ~ss~_s m~d rr~ec~es ~i:a~~ be aE~r~:ad by such kec~•~.er ~,i :g i~~e lie•~ or eqliNy of sasd MORTGAGEE and the practice of such
: r.
9. To d•.,'y, pro•:~;.~•~ and fu;~y ;:rrto.n, d.>:i:a-~~, exc.ut~, ef~cct, co•,p:cre, ~e::,:~ w;!h and abide by each and every the stipulalions, agreements,
i~;:ns and c"enan!s ,n c~ u:onisso-~ r.c••e ~:;d :r.:s r:,~rtq.3~r s-? fGrTh.
9. Tfat i~~ rhe r.•r•~r nc~ cf:r~sh~F, of +:~c n-.~:t;a~ed F:~c~~~~s•~s, ur a•,~ Eart the~~_c{, Lecomes vested ~n a person other than the MORTGAGOR, ihe
~%.G:;, i~s i,::c. .•s .r~c; ~ss~~:~. ~~•a•;, .v ~t:~ . ;;r::e ve ~~e 'l.'J:='i AU2. deei +.::h such successo~ or successor 7n ~nterest with reference to fhis
•._~_+ge a~:t1 rhe d i:t c i s~::w~d m tF~e S.+rnn ~.,',:,;.,r as r,~'h 1!;r.~„qor _.;.~t in o y way vit:ating or d:scharging the hSorfgagor3' lidbility h¢re-
er ~Fc~ •ic. J.he ~<:i s: c e;t ;...s_s h_r_o: .;.cr!g:~c,-d ;rci n~ fo~beara~ce on ~t,e part ol the fAORiGAGEE or iis successors
; rs ~-~d ~ r• of •n_I ~ f r.,.~ y t, e d~ b~ 1:~~~ ser,.~cd g~.en 6y the t~ORTGAGEE cr its successors or assigns, a1~all operate
=..e. d,s~i~a•ye, . c-d.fy .h,~:~•, or zitect ti~e i,~:; .,ty oF !Y~e N,UarG.aGOx i:er~~n, either in wliaie or in part.
iQ !r i: s;.erfc,,~~ , cr_•ed +har t~ ~~e is of esse~ c•= cf ~t :s cc:~irau a~:d thet no waiver o( any oEl~gat~on hereunder or of the obligation se- °
rd hareby s~::`: at ar.y tin:e ther:~sf!er be !:cd ro i;_ a a~~~..,+ o! ihe 'P:mS he•~~of or of the irstr~mc~t Sewred hcrby.
1i. !n ,::i~i~ . cr..,_ , , e!, ; . .rs c. . .~rd , ;r cv by th~ prcrosscry no~e s_cured hereb~+, mortgagor eovenants
• • ;~ces to ;.,y ~u , ~ _ F, ~-;.F .•e, , , . , , . . ,.~,~I s_~~. .,•~~~I b; morryagee !o tx ry~ai to 1, 12 of the annual tost of the follow-
A-A'.i r:.al ~:r.;~.<.t~~ i~.~,s au~_ss.:i ,;a;~ . ~i~~_._ d_~s~. ~.~~d ..ai e>+.a!.. i
g- Dr ~~•,s on f,.: ar.d r::rUSrv ,ns~rr.~ c_ as n..,t,:., .~q,,.•;~d M F,._ .a.,~• n„ th•- ~rc~prov:~m.~nis -:taat. on ihe above described premises.
~-?r..•,.: ..;*.a o~ .;~c~ ,,e.,r: g„a•a:,ry :r5~~r>. as ort.~~;~e Shdl; f~C^ t^:t: iD fi r,e de~m fit to .arry on the loan secured hereby. -
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h'c, ar~ge,. s..:_ e, ~n t:_,e ,~.r r,r.~:e,ng cf rhe :,•~:._~t d:r and p;a~ab!e hereuna r and wch surn sha(1 thereupon be due and j
e on th_ • ._..•_ar .r ,:,d • s,,cc,<slve ro. ~h t.~ :a'i:~. L'i:111 mcrtg3~ee sSall notify mortyagor o~ a change in such
rr. 5ucf- su^~s ~ i ne .,r~ u~ d cy m J~~^c +n +•d r:~ r.a, •:e~~t c' re prccrt; raxes. i~svra~ce ptem.: ms, a~~d mortgage guaranty insttrante '
i
~^~5.
~ 1'1 '::ITPiESS 'dJH~R:QF. th--~.a d~^Ai.~RTGl,~ ;'i nas ~.~~r~•.,-to se+ h~; h;. d end s_•~i tne day an •ear first aforesaid. F
i ~'gned, Se:ate ar,d ~e•ed in thN presence of ~ ~ ~ / j
i - - - -"`fA==Y7~L~.. ~~V/s~v Seal) ~
i
~ . - - - - - (Seal)
- - - - - - 15ea1) :
~ - - - - - - - - - - (Seap j
'E OF FlOR1DA Y
~ f ~ -
' : ( Y O' / - ~
~ Before me perso~.~ily aa~e-~red ______J~eS ~~LILI.OCiC _ and
__.~c371da ~~~1r10Ck y _ his wife, to me well known and known fo me to be
~ • ~-d:yidua!s desc<itcd in a~d K'f70 e.aeo,ted ~he forego~ng inslr~ment, and ~uv.ied9ed before me that they execuled the same for the purposes
~ •e'n expressed. Ard rhe sa~d . _ _ W~dd S~Ur10C~C _ '
F James S urlock
of the ea;d - - - - - - -Q--- upon a separate and private i
~ .~ar~on by n+e t;4en s~.;.arete and ~cait ~ro~n her said husbnnd, acknovi!edged to and before me that she e~eetuted said instrument freely. end vOlurr
~ and w.rhovt any c:;^^, ~isicn, tcr-.sTr;;,nt, a~ pr~hens.or., or fear cf or 4rom her sa~d husband. ~
~ ) ~ ~ ~ ~
~ V~lT~:[5S ~ry ha•~;i a+,d off;c~a•. seat th!s P~ 5~------------ clay °f--- ---~~.,5l~lt- ` _ 7~
~ - c+, cma..t~ E,~::.~ :~.Y?. ~e, ti+C'a ~
~~~f -o.~_.
' ^TT6fbr~~'1fc in a~ "for e e`=tlor~a a1 Lar
My Comm~ssion exp/i~resy ~ _ - ~
n Retu~n Ta ~ / ~j~ ~ 7 ~ • ~
r; r;rst fedtral Savin s 3 lo~~ Ass~c ~t;or. d •
~ O; .~3~t P.•c.~ 'j
j~ n , .
~ . . fILEO ~N: RECQRDEO
Fort Pi<~rce, Ft;^.d: ~ _
~ ST. ~UC~t COUNTY F~~. - ~
" ROCE~ ~~OiTqAS -
~ CIERK .".t::CUiS COURTO_~-
RF.r,pai yF~~=~EO.~....a~'°~~.
~ This Ir,strument Prepared By RiChard K. KayeS
~ First Federal Savings ~ loan Association ~R I 3 4s PM ~1~
~ o Fort Pierce ~ Florida
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Cnecked BY -
~ 8ooK2~38 P~~ 25i
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