HomeMy WebLinkAbout0263 3. To placo end continuously ?eep on ~he b~~'J,~~gs now or herea(re~ s~tuete cn »:d ~and and on aG equip~nent and personall•; core~ed by this mwtg-
ege, wAh ali ptemiums thereon pa:d n+ tull, i,rr inw~o~~•_c ~n ihc ~,s~,~f s~snder~ Hu~~q fo~m, in a s~m a~.woved by Ihe MORIvAGEE, and windstoim
,~~wrence in the us~ai sro~eJa.d pol~cy form. ~n a:um appro.ed by ~he 1NDktGnt~iE, ~n such company or compao~es as ~he MORiGAGEE may
d.rect; and all (ire and winJstorm inw~ance polic~es on any oi s+~d bund..~gs, any in~errs~ tl~eroin o~ pert the~eoi, in the agyrcgare sum ~foreseid oi
In excesa ~hareof, sha~l contain the usual sta~.dard mortgegee c:auso or s~ci~ o~l~er c'e~ae dt lll2 Mor~gayee m~y ~eyu~ro, making Ihe loss unJe? sa~d poli-
clrs, each and every. Pd~JJ~tl to said A~~~RIGAGCE as ~ts ~n~~r:st m3y app ai, a:~d ~,ch and e~ery wch pu!:c~r s~ral~ ur promptiy ass gned e:~.d dehrered ~o `
any held by sa~d :.tORIGAi~EE as (w~her security ~o sa~d murtyage d~•bt, and, nor :ru than ~en it0) days in ad~ence of ~ha e~~.~~atio~ of each pol;cy, to dr
I,:er to said V10R(GA.f,EE a rencwal thereoF, togHher wiih a rrcr:pi ior the pr,r,n~um ut auth ronrr.al; and there shall be no fire or wir.duo~m insurance ,
. el.~ced on any of sa,d buifJ,ngs, any inierest Ihe~em w pa~t thereof, unieai :n rt,~ fcnn a~~d with ~he !oss payable as aforesaid; ar.d in rhe erenl any sum
ot money becomes payab~e urder such ~wiicy w pol~c~es so~si MOkfGAGEk shail ha~e ~ha opt,on ro rcceive ond apply the aarr.e on acco~n~ of the indeb~ed-
n-ss :ec~red hereby or ro permit sa~d JAURTGAGORS to «-ce~ve and use n o~ .:ny ~~.~.-t f~,~:,~oi fo: oa,~•~ ~.~:~.osrs,^,v~~hout ~h_~.u. ~v.,..~ or ~~npai~-
ir~ any ~U~ty, Gen ot ri~ht undrr a by vir~ue of th~s mcrtgage; and in Ihe evrm sa:d hl`JRTGAGORS sha!1 for any icaeon fa~l to kcep ~hc sa~d p~emiszs so
ns~.cd, or fail ro del~ver p~omNtly ~ny of sa~d poLe~es c,f ~nsurarce ro sa~d MORTGAGtE, er fail p+o~nptty to pay fully any pre~~~~um therefor or in any
•~~sE rct fail ro pcrform, d:scharge, eaecure, e(ft:t, co~npiet~•, con~ply •,vith and abkde by :h~s cuven~nt, or any par~ hareof, sa~d M.ORTGi~GEE may piate and '
!or such inw~.~nce or eny parf tF.e~eoi •«~+hcu1 waiving or afiec!ing any opt:on, l;rn, eqwty, or nght u~+der a b~ virtue oi this ~dortgage, and tht -
arnount of cach ar~d e.ery sv:h pa~m~r.t sha!' kzc unmediutely ~l,;e and rayab!c and shall beai intcrcit (rom tha datz thercof until pa~d at the rate ol -
, prr ten;um F.er .innc~.. a•+.d tc ~_tr,~•~ .vith SJC~~ i:i~rr~st shai: L~ src,.red by the I~en eF th~s ~no~rgage.
4. io permit, commit or sut(ar no was~~, impa~rment or derr:~orat~on of sa~d pr<,pe~ly or any part therzof.
5. To pay all a~d singu~a~ ehe costs, charges and expenses, m.iud;ng a reasonai,!e anorary's fee and costi of absnacts of title, incurred or paid at
t~n:e by aaid MOR'GAG°F, beca~se or ,n ihe event of th~ to~iuro on the oar+ ui the s.:~d MOR7GAGC?R to duly, prcmptly and fu~ly perform, d~scharge.
:ute, effect, comNlrte. cc-~ply w~~h and eb.Je by e.~cfi and r~ery ~he st~pu!ai~o•~s, agreemenrs, condit~o„s, and cove~~anrs of se~d prom~;sory note and thq
•orrqage any or e~ilier, and se d costs, chergrs a~~d <xpenses, each a~xl evrry, shaii be immcd~atrty dve and payable; wherher or not ~he:e be notice dr
• ~~:I, atte~r.pt to co+te.:~ or suit pend~~~g; and tnr f~l! ~nwun~ of e+ch end e:ery such paymenl sholt bea~ ~nterest from ihe date thereof until pald at the
~ n~n~ }~er cent~rn ~•_r a..~w,~, o~~c' ,.,:d cc,s*s. ct,ar~ra .r•.d s_s ~nC~tleCS Of p~id, togather wAh s~ch interest, shall be seweed by lhe Iien of thit
.ro~raage.
6. That (a) in the erent of any b•~ach of th~: .'lecsgage or dFia~h on tt~e part of the MORTGAGOR, ar (b) in the event any of aa~d tums of money
!~~._~n refe~rrd +o be nor prompity and i~;iy ~:nid witiur ti~.rt~ (3Ji days n<,~ a•i•~~ ~i~e s.+~ne se+e~a:ty brcu~ne due and payabte, without demand ur not~ce.
r-:~ in the eYem each and every th» stipu:atio:u, ayteemenis, ,erd~:ro~s and covenonta of sa.d pro=nisso~y note and th~s nwrtgage any pr eithe~ are not
,~~ro~npNy a~~d t~ ~:y ~~er!ocn:eJ, d i.~~arq~d. tc:_un•d, r~irctrd, co. ~,ie:rd. ed v.~~h a~~d at.~~i~•d by, the~ ~n e~ther w any such event ~he sa~d ag
~ : sum mennone~ i.~ sa~d Nrom~ssa~y nctr ti~.n reinam~reg cnpaid, ,n~rh ~n!ar~~,t ~,;'ucd, and a~i moneys secured Fareby, shall betome due and pay-
,~nrthwith. or thereaftcr, at the oprion of sa~d fi10RiGAG.`•`_, as f~Iiy a~u] canp;r,e~y as i1 all of thr said wma of money xere o~:ginally st~puiated
ra•d on wch da~, r.nything in sa u p~o•r.:ss:.ry no~a or in this 14orrgag:~ to thc ccntrary notcf~Ihslanding; and there~pon or thereafte~ at the optio~ of
. :'ORTGAGEE, v:~r}:;,r? ror,cr c• dc~narui, s:il at .a+i or in equity, thcreiore o+ ~t~creaEte~ be9vn, may be prosewled as if all moneys aec~red hereby
asured pnot tv :ts inst~+~t~on. .
7. Ti at in the everf rh:t at ~ne 6ey;~:n:ng of or at any t~+ne pa~ding any s•! t vFOr. t6~s Allo~tgage. or to foreclou it, or to reform it, or to enforte
• r ~i any C°J~'n5 h.~re~:,der. s~ ci "A;`Rlc;,rwiF sha:; ~pply To tF.c Court ha.~• g.. ,si' :~ien t!~.~~eot ior the appomtmeM of a Receiver. such Cou~t shall
i~n ~;,~...:rq a r~~ce~. rr of s.~:d r~ !y: ~td j tG~; :}y ai~ o id s:+yular, inc~~d nq .,•~J :~~~~u~ar ti~e ir~on•,e, p~ofrtt, issues antJ reven~ea from whaTever
d~~~~.rd, e~:l~ e. ;l •.er~ oF ch, ~t r~.~ c~ , y;res~ - ~r•de~stcoti. is : e~cu, ~r~rt_~..yeu zs :4 spec,!icatty set fwth and destribed in the granting and
-.Jv^~ c a.~ses ::F::u:, a•d s,~cF. 2ct~~.r•r sha;; i,.: „:1 the broad a~:d eilec!:.e .!.~•~:s a~~d pU~vr~s ~n enyv~~se entrusted by a Court to a Receirer, antJ
. ,.~:n~n:e:~r sh r,e n.adr ty such Co~:r+ as a~: .,ci •i~tt.~d equ:r; v:~d a n~-:•~rr c~i ai,~ :!~~tr r.yLt ro sa~d 1flORiGAGEE, and without referenee to the
,.~=y er ~nac:eq~~~ar, of tn:; w.~,e oi rhe :~pc~ty .no•iga~ed or to ~f~e so :~~c, ~..r •::c, of sa~d M,ORiGAGOR or fhe delant~ants, and lhat suen
~ r•ui::s, incorn~•, ~sw:s a,~-~ rc~e+:~~s S>'d•I ~C d{.y.ic'!~ ~y ~::ci. keo,~.e. .~he i~en or eq~ity of sa:d MORTGAGEE and the ptactice of such
- ~t•
S. To d~:y, prcm;:tiy and (~3~y cerfc;rm, d•scharge, ex~KUt_, ~ffect, co~np,pte, co^~p~J with and abide by each and every the stip~lations, agreements,
.::ns ~nd wv•~:,3nts c~~d p:om~ssorf r,ccr ond ±hs n~ar:gaye s~•t fath
9. T} ar ine e.~r:i thC :?~Sh:F of ~he mcr!_~eged p:e:~,nes, or anr part ti~rr~,oF, be~o•nes vested in a person other than the MORTGAG02, the
..:aGEE, t+s s~~ro„s,.•s ar.d >s~~-~rr,, ~nay, 1.~.'r:;,: • r.v+;ce ihe .".ORT~•.~,:;R, ti~e: Y:rth s~-.h successor or svccessor in interest w;ih refere~ce to this
~ -'~.s.~~e end Ihe d~Ot ~~r~etr~ secur•x! ir, the somt ma.~,r.c~ as w~th ~tilOriysgo~ w~thpvt in a~~y •.vay viT:ating or (~iitharging tF1e !'dOrigagots' lidbiliTy here-
• n~ vuc~ tt~~ dri~+ ~=::ei~ s_~.,r~d t+o s~:e o+ ii a E:.:r,;srs 1~_r~•b: mo;tg_.yed and no lorbearance on the parl ol the MORTGAGEE or its successors
.;ns a^d ^ ~_~r~:o~ c.' •h.~ r,~•_ fc~ rt.N ~.ry , c~ t~:e c1•_br h~~re:;y s~w+ed !ii:c:i uy the NGRiGAGEE or ~ts Successors or assigns, ahall operate
• _sr, d,scharye. r. oti,'y :~.~..ge cr : t!ect tne c•~ ; ty oi rt~~ 1•;:R;Gl.GOk i~errin, either in whole or in pari.
10. h is si.ec j~ca:!r ~greed }nst _~s c+ th~ esse.xe of t!~:s contract and that no waiver of any ob6ga'~on hereunder or of the obligation se-
~ d hareby sha!I at any ti~-:e thereatrer be he'd to tr~. a w.,:ver cf th~ !erms ~_rrof or oi the ~^airument secured he~by,
ln a:id te-: a~ a~,^ tvrego •...n'h'~ ~,:yn•~e•z o` ,..c pai ~nd i•i!,~r. st r.,y ,-ed by ihe prom~ssory no!e sccu!ed hereb~/, mort~agor tovenanis
;~•~es ~o par to r.errg .:ee v.~+h ra~e~. ,..•:,rh+y ~e~• r. ~;+.:,i~onal ;t~•i ,s. ^:ar•-~'. by morrg~gee ro be ec;ual to 1,'12 of the ann~al cost of the folfow-
A-AH rcal ':IJ~.•'!1ti ta.os "r~~:~: o~ ass~st-.~; ,;3.,~ sr arove dc~cr~~rd .,i! es~.,te. -
, ~ Fr ,~,,s cn i;r•~ a,:d +r::•dsr ~ r;:r.~~ c~ ;~;r r~d tc be c,•r~~ ci o•~ •h~ i+:~croverne~ts s~tuate on the above desaibed premiaes.
' ~-P:e -wr~~s on s•~.:h ~~or'g ~~,;,,•a. .~~s~~ar r as ~~;c•t:~a~ee •na;E frc ~ fo +une deen; ;it to carry on the loan secured hereby.
:1x!~aoee s~~ ; :.em ~c' ~ j, n,or~ ;,.it~~z3 of r~e ov.,• and ,~yab:e hereunder and such sum shalt thoreupon be due and
~ un thc r'.u•_ : o' ri~e ; e,ay,~., ~^~nd roch s~cc~.:sive nc:~•h ther~,ft r ur,ii~ mortgagee sha!I nufif•~ mortyagor of a change in such
~ Such soms i,~ ,~.~.,,d cy ~ror•~.,:~.rc. ro,,a-ci ~i:e e,arment of reel p~op!•rsy taRes, insurance prem,ums, a~id mortgage gvaranty insurance
'•s.
k Iti ':/IT~:E55 7:NE2~GF, ~ce sa~d N,O~TGF,G:;ic has r,ercu~:(o sef h~z he~::: ond sc-al the day.aod ear iirst aforesaid.
~ ~gned, Sea!ed and dP':~e ecf in e resence of~ ~ ~
4 ~~E=-~ u-- - - ~ p (Seap
~ ~ iam . rre
~ ~ - - - - (Sean
~ - - - l9f~j1YIF~3Y (Seaq -
~ - - - - - - (Seaq
~ Qf FLOREOA
St . Lucie ~ ss. °
~ ; ~r oF - - - - ~ .
Before me perscnal•.y appeared ~v1111a1II_C. Borrell a~
Maurine Barrell
~ - _ _ his wife, to me well known and known to me to be
~d~v~d•~a~s descrioed in ar.d ,nrho exec~ted the foregoing ~nstr~mem, and acknomedged before me that they executed the same tor' the purposes
~ n expressed. Arx! the sald_______ ~aurlTle Borrell
~ of the sa~d ______.____W1111aID C. BOrYQll • upon a se¢~rpte and private ~
~ , nat,on by rne ta•~n se,^.a+;te and apart from her sa~d husband, atknowledged to and before me ihat she ex said'instrum~~ freely and volun- ~
, ar,3 w thaut an~ com:,u:s~on, co•,srra,nt, a~prehens~on, or fear of er from her sa~d husoand. " ~
~ '1'/ITN~SS r,,y F~and ar:d offic~ai sea! th:s --28th _ _ day ~r_ Ma rch ~ , ~ `A. ,~.:19 7S ~
Q'--- ~ J ~ ,
~ ' ~ ~r .
~ ' - ~
fILE~ AK~ xECOROlD Notary Public in a~d for: t s~ of oiids_at Urge ,
' ST.IUCtE QOUM71f fl~• My Comm~ss~ ~
~3 Reti~~n io: qOC~R = 01TRAS ~J - ~ ~ yd ~ -
~ EF.K ~'t,~~%tS COURT . :
~ ~s~ Fed-ral Sa~:n~s Z io.~~ Asso_'~,t;on C1. ~
~ of ~-,•s r. . gcr.f,~~.;, Y~'r':;E~ •
``r Fort P~,erce. fi:':d+ ~ 3 4a eN'~~ ' •
~ ~ 1.,t •J i'vi:Gc, $L._ n: ~,:r... ..-;y~ .
~ 3~5fl1-4 - . . : ~ ,n: ~J, -
My Conmiss.on Exr.rrS i ,~,it Co.
~ This ~nstrument Prepared By J. Ha 1 Roberts ~ Jr , eL~d~d t+~ q~«:~on F« a`~ y `
~ F~rst Federal Savings 8~ Loan Ass~ciation ~
~ of Fort Pierce , Florida 33450
~ ~ -
~ ~ hecked BY
~ BOOK 238 PAGE ~63
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