HomeMy WebLinkAbout0257 To place and continucusiy krcp on ihe b.:~:.1~ngti »ow o~ i~rrc:her ~~tuate on ~oid !anJ and on oll cquipmrnl and personafty covered by ~his morig~
+~aa w~~h all proniiuma ~hereon ~:d ~n fuil, f~ro ins,~ancr ~n thr L~JJI ~ie:~d~rJ po'~cy fonn, in s sum app+ored by Ihe MORiGAGEE, a~~d winJstorm
~n:~rance in ihe usuat standard poGcy lo~m, i~ s:u~n dN~]/JVCfJ by tha MORiG~GlE, in iuch tompjny or canpan~es as the MORTGAGEE may
d,~~~u; and all fi~e and w~ndstonn inwra~ce pol~c~ea on a~y of s~~d bu~ld~nys, any iroerast ~he~ein ~r part tAe~eol, in the aggregute ~um afwesaid w
In rxcess the~eof, sti:all ;o.,~ain ~he uswl s~a~id•i~d ~norty igee uausa er such ahrr c!e~sy ~s the Mo~rgayee may ~eqv~rs, maAing Ihe ~oss under aa~d poli- _
c;r?, eacb and evary, pay~b!e tu said :!JRTvA~,tE as .es in~~~r~s~ n~ay aNpe~r, e~~d e3cF~ ~:.d every such poi~cy ai~all i~e promptVy assy~:rd a~~d dei~~errd ~o ~
en; heid by seid MORTGAGcE as further sec~riry ro Sdid morlgage d>bt, a~:d, ne? 'css than ten (~0) days in adv.,~ue of tha expirat~on ot each poGcy, to de- i°~
i;~a~ to seid A10RTGAGEE a renewal t'~ereof, ~oge~her with a~ece~pt for ~he pr~n~~um oi :uch ra~e~:~~; and ~here sha!1 ue no fire o~ windstu~m insurante
pleced on any of sa~d bueldings, any imeres~ there~n w part the~rof, uniESS in the fo~m e~~J wnh ~he ioss ~:ayeble as atoresaiJ; and in the eveM any sum
ef ~noney becomea payab~e ~nder such policy or poGc:es aa~d MORiGAGEE shal{ have ~he opt~on to receive anc! ap{,ly the sanu on atcount of the ind~bted
nes+ secur_d harrby cr ro pe~mif fa~d ~AOR:GAGORS to reeeive and use +1 w o~y ,-.~rt ~he:~~of tor o:~.~ r nv•:.:.ses, wnhu~t th:•n ui N~~V~ cr ~•npair-
~~~g any equity, lien or r~ght unde~ w by virtue o~ this mo:'gage; and in the evrnt sa:d MORTGAGORS shotl lor any rrasa~ tail lo krep rhe saiJ p?emis_s so
.~n~red, Or fail t0 dc!~vcr promptly any of Sa~d poLcia! of i~esurante 10 said MORIGAGCE, W f~i:_ prOmptly t0 pay fully any premium lheref0~ Or in any
rrs,~eU fail lo perform, d~;.harge, exewt~, effed, coa:p~eta, co:nply with and atiide hy th~e covenanl, p any part hdreof, said MORTGAGfE may p~ace an~
:,3; for su~h inwran:e or any pa.t thareof w~thout waiving or affecti~g any opt~on, 1irn, equrty, or rigld under w b~r virrue of this Mcrtgage, and tht
~~'I a~noun~ of each and e.e.y s.~ch payn~ent sha;l he ~;n~ned~eteiy doe and payable and shall br~r interesi irom tha date thereof un~il paid a~ the rate ol •
~:er cent;,m per anaum and toget+~,•~ w:!h such r~r~~r„~t she~i te s~-wred by the i~en o( this mortgage.
d. To permit, cornmit w sui{er co waitz, in:pahmeN w de~rnorot~on oi said prope~fy or any parl thereof.
5. To qay all and singuler the costs, ch.:rges and eapensrs, inci~d~ng a.easo~a~le attwney's fee and !osts of abstracts o1 title, incur~ed w pa~J st
,,~•~~.e by sa~d tiIORTGAG~E, becausi cr in :he evrnt of the (.,:iure on the Nart of ~he ss:d MORTGAGOR to duiy, prompNy and f~lly perlorm, p~scharge,
.~.~!e, effect, co~nFdrte, co npSy w~th a~~d ab de by each and every the st~p~'at;ons, agrr.~~nents, tundihons, and covenanb oi sa~d promissory note and ~h;s
~••qsye any or ei~her, .i~.d sa d cests. charges .~nd ex~:enses, ea:h a~zd eve~y, shaii be im~nediatety due and payable; whr~her w not there be notice de -
attesnNt to to',~ect or auit ~ud.ng; and tna fuli amouro uf each end eoery sucn payment shall bear iroerest lrpm the date thereof uroil paid at the
n~~-e pzr cent;.~n }•er :,n:~•.. n; o:x: :,u s~.d cc.a's. ~ ha: ~~•s n~~d c x;:~•i i_a ::x~ired o~ ~,+~d, tpgathrr ~v~th svch i~terest, ihall bC feCUred by the I~en o4 this
. rrg3ge.
6. That ja} in the event of a~y 6reach o( this A1c:ty~ge or defau`.e on th-r part e; tl,e h10RTGAGOR, or ;b) in tl~e event eny o1 sa:d svms of money
i:..~~n referred to t~e not prer.,pfly ar,d tuliy ;:aid ~•,~rhin ih.rt~ (3J1 days ncnt a~tr the sam._ severa:ly becorne d~e and payable, without demand or notice.
. in thr e~em each and evrry the stip~lar~ons, ag~eements, co-~d.±~e~n and covenants of sa d promissory nose arxl ~h~a mortgage aoy or ei~her are not
. ~:rornprly a~,d t.,uy p>rto~~ned, cs s:'-u~q d, zrrc~t,d, af'e_ri-d. tc~:,:,:eted :o:np ~.rd .ti:+h a~:d ac,~ded 5y, ~hen in e~~her or any s~ch event the sa~d ag
_.e svm ment.o:~ed in aj~3 pro~n•sso:y no~e tnen re ~~air.;r,g vnpa'~d, wiih ~r:tc.Y;t accr.;ed, and al! menrys secured liereby, ahatl become due and pay-
f,:,rth.vith, or tt~zre:+s!:r, at ine opr,~i ;,f l~,d f:,O~i1G~~GEE, as `u~7y an.a co~~p,erc:y as i1 ail of fl~e said wms of money were or~gina!!y sripuiated
• , na.d on wch c.~. .:~~~th;ny :n <a d~-r~~.~ ss:,~y ner~, er ehis h•.o~tyage ro th~: co~~~~arr rwT.v~ths~,~~d:ny; and the~eupon or therealtrr a~ the opt~on of
'.',ORIGA(_:EE, a,:~h:cut no~~ce e• d<~ranci, sun a~ ;~w er in eq:.rty, t'r~ererc~e or H~er: ,ierr begi~n, ma~ be prosecuted as if all moneys seeured hereby '
. •~,,.wred pnor ~o :ti ir,st~tvt~o•~.
7, Tieat in ~he event that at rhe bey~nn n~ cf cr at any ~~,ne ~~nd:~~3 any w~ , on thfs N.or~gage, o~ :o foreclose it, or ro reform it, or to enforce
, t of any e_+: ns h~. ru~~de~, s-~d t.~VR~JFiV~E sha". ;~pt~, ro the Cwrt fi,.~: g, . ~>ci ce:o~: tViercol !or the appo~ntment Of a Receiver, such Courf shall
~ ..~•h c;.po;nt a rcce~.rr of s~.d r,,c-tgased pro,~_~!~ ~ii a~d siny,.'ar, ~.'~d o ,~d s~s~~;,r ~':e incon•e, profits, iswes and revenues from whatever
• de•;ved, eo.i• a~.d e.rry of .vi~..i, th~rq _•..~:rc-as'y undrrs,ood. ~s ncrr.aaged as i1 sycc~fica{~y set fonh and desuibed in the g~anting and
.'~m c:auses F.~~rc•uf, er.d such h'ecr~.e* sh~~~ h,v_ ait the broad end ei~ec~.~: '~r.• ~.:~s •ind po,evers in anywise entrwted by a Co~rf To a Reteiver, and
, a~~pcintrrent sn be rr~ade by s~~ch Cou•t as an ad.•ut!ed eq.:~'y and a n~a~i~~r .'_~su'.ut~ r:yht !o said MORiGAGEf, anCl without reference to the
~.,cy o~ ~nadrq~~acy of ii,~ va~ve of rh~ preFany f1:L•~9oged or fe ik~ SJ.YC'~=~ v ~_o:ver.c7 of sa~d MORiGAGOR o~ 1he defendants, and ~hat wch
•s profits, inco:~:e, :swes and rrve~,ies s~al! be app.~cd ey s~:n Recei:~r acura,I._a Tu rne Iien or equ~ty of said MORTGAGEE and the practice of such
. • t.
3. To d;,'y, p~c~-i;r:y fu;~y Fer4orm, dlsci~a.ge, execute, effect, c~rpiete, :~.r~;iy „~;~rh and ab~de by each and every the stipulations, agreements,
-:na „r,d c~v:;:a~:rs ~n se~.: prom;isory ncte ar~3 th~s nr~:tg~ge s~.t forth.
9'}:a! r ttie ev•,-r rh~ o.a~e•<h;; ef rh;: m,_•r3ao^d F:re~~~isns, o~ any part tr.~_rrof, (;~t~mes vested in a person other than the MORTGAGOR, the
>~vi., ~rs s~:cr:sc.rs a~:l _~s..3~~s. ~,,ay~ \L~:'1GJ' •:o+.c: f•~ rhe :'ORiGi•OK. d<,a; v,•cn s~rn successor or wccessor ~n interest wi~h reference to ihis
a~.d tF.~ s~~,,red t~.e s3,c:~ n,a~ as •x~ch ;llort3a~or w~ih_~! •n any way vitiating or d~scharging the Mortgagors' iiability hero-
~ cr uro~ th= d~cr +:,,~rL~ s_,,r,,;.~ , s; .r r.+ e F:re.~..s^s her._b. ~:•~~+g-g.<d ar.d no fortearance on the part ot the /AORIGAGEE o. its successo+s
~ Z~~s a~d ro en'ers or ~:,r ..~n._ F ay f of tr,e dcbr F;^.~-i„ s_cur~c` g~+en by the T~50RTGAGEE or (ts successors or assigns, a~~all operate
, ,se, d scharge, n cc<<: ..~cge o, atiect tF:e c-~'_ r..: ;io~:.,ty of t`.e A:;:iR1G4GOR i:ere~n, either in whole or in part.
1Q It is sr.cc fc3~:y ag•eed rhai thne ;s of ~h.c essence of tl:a cc•,rract and ti;at no waiver of any o6Ggation hereunder or of the obligation se-
i h~reby sha:! at any !i:~.e ~hrreaffcr 5e h~,-td to br a wai~er of the •e:ms herecf or of fhc ir:str~meM setured herby.
I 1. in adc! e~ i•o '_(o,e::c ~ny,.:. ~~.:,y; ,-;rs ot ;:•~~;c and ~ a~re;~ req~~ by ti~e prom »cr~ r~o!e xcured hereby, mortgagor covenants
.oes ta pay rr, ,~:crrr ,...:sh e-~,c r- c,. a~, ,:n! ~n ad~i ~inna; s.;m cs~ ,:~~e.i 5~ mor~gagee ro be eguai to 1, 12 of ~he annual cosf of the follow-
~-..hi, fcd~ ~:fGC~.~fV ltr.`5 Jt i55..s•~_:l ~~.:~~ci if:_'.c!~O~P C~:_:r.:':'_d f:.31 C5:,3tN.
5 Fr..,: ~,i•s cn i;r~ ,~;_i ..,.:3v:: ~n ir.5u~arce as :.o.^~n req~.r•_a ~o be carr~.d o~ ~iw unprovemeats sit~ate on the above dezcribed premises.
C-Yre~- :;n s e~.. _ ne a;.ty ~rs~.~rar c~ as m,o~!ysg_~e sha:i fre To +~me dtem lit to carry on the loan sewred fiereby.
/+torrgnaae s-~., 'r,r~ ~o r, _,-~~fy ~~.c ;.g~• ~n v.:lt,nq of the a•;.c_~,t dv> ~nd payab!e hereunde~ and such s~rn shail'theraupon be dve and
j : on t6c civ> c:.•~ cf ~.~t ,rr., .,,,~.,~,r acd e•~ch su~;~=ss~~e r,on!h tr,creafter ~nti: mengagee shail notify mortyagor of a change in wch
i _ S~~ch su~r~s s^j ~:~e ar; ~,-i ~_~y ~._~'y- ~g re to ~•d tne ~.a~rr?nt O~ rea! prcpe-ry taxes, insurance pre~n:ums, and mortgage guaranty inzurance
',S.
~ tV ~'1i?NFS$ '::HcP,~OP, ~ sa~ ` 1Y•OkTv:~vO~: i:as 't.~~rcuntr, set his har.d and seai the day and year fint aforesai .
~ ~ S' n n e!ive:e 'n 1 presence of: ~ '
~
~ - 4- - ` ~ ~ ~~~d ('~Ll l t
; - - - - - (Seaq
j - - ~ ~ Sea4
~
E _
F - - - - ~ (Seaf)
~ Of FLOR,DA ~
St . Lucie u-
i _ •;rr oF - ~
~ - Robert L. Schwei er
Sefcre me personatiy appeared _ _ _ _9 ~
~ . - _leis-v~ife, to me «ell known.ar+d known Io me to be
! dividva! descr.bed in and ..ho exec_ted the forego~ng instrument, ar.d acknow{edged before me that he eaecuted~ fh@_ same for the purposes
~ :n ex~ressed. TiSdtfie3ai~:-~-_-
~ "`','M~33t?~_----__________________~________.______.__________~___;~_'_~~__ ' ' /nd _
i »>,•~won -b7 ~ne-r.~.'wraeparite-an~ at~rt !rfl~ft'fiF1Z~~ t1JS~a~se; 'AR~1CoTxre8ged To'ana before me ihat
sFie ezGCU£~ecT ia u~ti~~iht~ef~y,~~ ana vp
o~ ?
r MJ -w.tiwt~r e~~ <o+~le;s+o+,r cvinsrtatr!t-d~ prPhlns!ort,-ar Yc~ar cf ar Trans fk+i'saTd'h'u3b~nZ!' - , -
_ ~
WI1tiE55 my hard ar.d offinal seal thn. __25th day of_ Ch 'J ' A. D.+19 75
3 3~5~1 - _ ~ - -
~ N::'ar Public in and tor the 3 te p
: fILEO At~c fiEC~RD M Commission ex • t a~~ L~ge
4 Rer~~~ To: ST. LUC~E COUNTY FU. Y pires: f_ Q
ROG~ R POl?AAS ~7 ~
,.a af Fetierai Se~.~r.yS b loan Asso.~it.on pjt1~ ; t-.CUlT COURT ~
y pf c,~r t> qrr,~~r~~.t'~ Y:R1=~ED ~ 5~,~ _~i . ,
; fOrt A~nr(r, fl~ ~ia - ~ . ~C~ ~ . . _ r
~ ~R I 3 48 PH'~5 " . . . ~
~
~
m
~ Th'is Instrument Prepared By J. Hal Roberts~ Jr.
~ First Federal Savings 8~ loan Association
~ of Fort Pierce~ Florida 33450
~ Checked By . '
~ 600K PACE 257
C SW
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