HomeMy WebLinkAbout0265 3. To pla~e and conunu0us~y keep on the L~~.d~r,_ys now ai I~ercafter ?~~u.~+e on s:,~d ~e+~d and on aG equ~p•nent and prrsona~~Y ~overcd by this mor~g~
ege, with a!I premiums N~ereon pa d~n iull, f~re ins..~o..c.r m th~ .,sual sra,aio~d Hu!,cy form, in a~um approvcd b{ the MOR~Ca.~GtE, and w~ndst~rm
~nsurance in the usual s~andard pol:cy fo~m, in a s~.m aF~~~o~ed 1.~ ~he MORTfAGEE, 1n such company or cornpanies as the MORTGAGEE ~n~Y
d~rett; and aU Gre and w~nJstorm mwranto po:~c ~s on any of sa~d kxri:d•nyn, eny ~Nerrfl thcrein or pa~t ihcreof, in the aH9rega~e tum aforesaid or
in excess thereof, sha:l :onrain the .,swl s~a~:dard ~:wrtyegre oause or such o!~ar c:+~se as the Alortga~ee may requ~re, mak~ng ~he iw~ ~nder aa~d poli-
:~es, each and r+ery~ ~dfJJC to s~~d ~`dJR?GAGl~ as ~t; inter.st ~~•ay a},p:ar, a~~d e~ch ~:~d e~ery svcA po~,c~ shaii be prort.pt~y asagnrd a~~d deliv+:red to
eny heid by sa~d MORiG.:GFE as fur~hsr sec.,~~ry ro sa~d n,ong~~e deb~, a~~d, not :cs~ ehan ~en (10) days ~n adva~~ce of ~he expua+~on of each pol~cy, to da
I~+er to said MORiGAGEE a rer.ev+at theraof, tege~her wi'fi a rece~pt for the pr~~n~,,m ol wch rr~~ewai; and there shall be no iire or winds+wm insurante
placed on any of sa~d buiid~•~~s, uny inrerea? ~here~~ or par~ ?h~•n•o!, u~'ess in ~ha Iwm tir~d w~th the toss pr~~b.e as aforesaid; and in the event any svm
of money beto~nes payabte undrr such policy w pol~civs s.i~d 111URTGAGEE sh~}I ha~e fha opnon ~o receive .+nd appty the same on accoun~ of fhe indabtrd-
n~ss secured hernby w to per.~-~:~ sa~d fAORiGAGORS to reerive and use it or eny ,~.,~r th+rrof tor cth•..• pur;~oxs. vn~i~out th:•..u; .>,.~~,g or imp„~r-
~ng any equ~ty, litn o~ right undrr or by virtue of this mcrtgaye; and in Ihe evrnt na d MORIGAGORS shatl for any ~eason fail to keep Ihe said premiszs so
:ruured, or fail to det~~er ~~ro~nptly any ef s.~id ~,oi:cies o) insur~nce io sa:d MORiGAvtE, er fail promptly t0 pay IuUy any pre~ni~m iherefo~ Or in a~y
r~~spe.t fait to per(orm, d:s:i~yyc, exeOJtB. l~fBC~, (O:11Flll'~0. co~nply wi~h ond a!~~dc by th s covcn~:,r, o~ any par~ hrrcoi, sa~d MORTGi~GFE may piate a~d
p~; fw such inwrance or ~ny Na•t ~herrof .v;Tfiout ~vaivir.g ~r af(ecting any Gpt:on, iien, rqu~ty, ot riyht under w b~ virtue of this Mortgage, and tht
'~;i en,oum ot eath and ecrry s~~ch ~,a,-n.~nt shall ~m~~,ec!~a~e~y d~e a~,d para6;r a~~d shr~l brar interesl ftom the date ~hereof until paid at the rate ol
e per .enrum ~;er ann~~m. a~~d ~u_~~.. ~•r v. i?h wch i~~er~ st sh.+~, ~ s•~.-..n.d 6y Ihe ~:rn o1 th:s mortgagC.
1. To permii, commit or suffer no waste, impa;rr.~ent or d~~t~v;c~at~on o! aa~d property w any part thereot.
5. To pay aN and singu~ar the cos'.s, charges and er~:ensrs, ir.:iuu~ng a reasonoble attorney's fee and cosls of abstrotts of title, incuned or paid at
~np ~ime by s~~d hlOFIGAG~F, beca~>e or i~ thc rvenr of ~ho fa:;wc on rhe par~ of it~e se;d MORIGAGOR to du:y, p~onrplly and fvlly prrform, d~xharge.
_..,c~te, effect, ccmplrte, canply .v~th and ab.Jr by e~ch a~,d ewery ~F,e st~pv!ai~o~:s, sg~e~~~~~enrs, cord~trons, and ccvenants of said pro~r~issory note and this
~ ~~rgage any or e~rher, ar.d sa d costs, ci,arges a~~d .:xp~•ns~rs, each and eve~y. sh~,I t>C imm2d~atrly d~e and payab~e; whriher w not there be not~ce de~
,.and, atte~npt to coiied or su~t pe~.d:ng; and rhe ful! a~nount o4 each and e1er, svch yayirent shall bear interest 4rom the dale thereof until paid at the
n~ie F;e~ .ent~rn i,a; a~ri:. .,.~J se~d ..~ses, .i.~ a..il ~a;,~rs. s;nt~rrrd or p~~d, toyether wnh suth interest, sFall be sewred by the lien of thit
mc'tgage.
6. That (a) in rha et~ent of any b~ea:h of th~s h1c•~tgage or deia~~lt on the p.a•t of the 6~.ORTGAGOR, or ;b) in the evenl, any of sa~d sums of money
here~n re4en~-d fo be not prornptly and fuiiy pa~d v.itnrn ti~~rty ~3J? d.:;s neat a•t~•* ihe aame se+era:iy becane due and payable, without dema~d o? notice,
(ci in the e+enT each and every ~he Shpu~ahoni, ajrcCmriAS. Cocdil,ons and co~~nanrs o! sa.d promisso~y note a~.d th~s mortgage any or either are not
..~:1, p:o~nprly a~:d ,:erfor~:•,•d, c s,'t.ar~•_u. execu~~d. <<?~c~-d, co,~.;:;ered cc r~.: e;1 ~•.nh ar~~ ot+d•,d yy, then in either or any such evem the said ag.
,__,;te scm ir.eti~~oncd ~n sa~d ~ ro:mssory n;,te the~1 re~~~a,n~~~g .;.a:d, •.v~th ~:~tec~-,t .a;c ucd, and a:! monays secured hereby, shall become due and pay
forthw~th, or ih~rrafie,r, at !he o~•;;~ c~ s..~d A•~GRiC~ACSE~, a: fu;~y a:~:! ~amN:,r~h as ~f a~i cf thc s~id s~ms of money wcre or~gina:ly sfipuiated
• h: pa,d cr, s~~.h cc.~. a~~y~h:..~ ~n ~ c:: ~ nse:y :~ote or in tnis f.;;,rtga3._ ro fh:_ co~~rary ~otJV~fhs:and~ng; and there~pon or thereafier at the option of
~'.~.ORTGf~.GEE. v.~~',:,~• ,.r.,c~- c~ d•_u,a~:d. s.:~t at ~~w or ~n eq~;ty, +h~r.;'.,~e o: Ttiercafter begun, may Le prose:~ied as if all moneyt setuted heteby
! ,i ~~,atured pner tc ns ~::st~•~.•..ur~.
7. That ~n ~h~ c~•-r•~ ~h;:r at the brginn;~~~ of or at any fimc pcr„i:~~g any sv f v.on f~ 4s M~rt~age, cr to foredose it, or to refam i1, or to enforce
.,ent o4 any r., ~~~s ~.erev:~d--r, s,, r,1~.RT;,A„E`_ s}~e:' ~pply tu tt,~ Co~n hs.:~ g, ~s~i.c•~on the:eo} for the appo~ntmem of a Receiver, such Courf shail
~..~rh a;~,c~:,± a~_c_ .cr of c+. ~.~rrq,,}<.i pr~:-..•rr, al! a~d s~~.-~u•or, ;rc:vd.r.q ~~.d s.~~~ar the ~rcome, prof~ts, issues and revenues from whatever
. ~ de.;.ed. ....i~ ,.Jd •rcery oi ..i„'~, ..~•q .~~~,•es>!y unc/e~src<:J. ~s kr cc~ _'+_~a':.d as ~f speafically i••' forth and deseribed in the granting and
•.~ndum c'aoses F^r ~of, sr.d s...~ i2ecri•.e: sha:~ h.+rc a4 rhe b:.:ad e~d ete~•c•~+e f::--• s onci pnwrs in anywise entrusted by a Court to a Receiver, and
, , aEpui~i+menr sh:l: o~• rorcie b, s~::H Cavrt ,s an .•d:~nttrd .qu~ty and a nar,~r of ;_..~_'vee riyht to said MURTGAGEE, and withcvl re{erente ?o the
{._cy or ~nad~•q~acr of tF.< <e,ur ef the ~.~or_+t~ mu~tg~yrd cr to ti~r .',~,.i•ncy ef sald MORTGAGOR or the defendants, and that suth
proim, ir:co~r:e, iss,:es a~~d :ev•~r.~_as sn.~~: be app;,ec! uy s~:~h kecriYe~ x.!ru .g +u the Gen or equity of said MORTGAGEf and 1Fe p~attice of such
__rt.
8. To du'y, p: ~.r;y a~:d E~~iy ~.r.ru--~, d:sci~3:ge, e,cec~re, e!`cct, co-ry~.t<r, c:; w;th ard abide by each and every the stiputations, agreements,
..~;cns ar.d wvr•na~,rs p:o~,:~sso-y .~.o'^ ~nd tri:s ~.~c,r~:~,., srt for7h
9. ;,t th_~ c. ~~t ~ti ;i ; o! ti _::a•,d pr-•-* ses. or ar; ~,art ti:c~._c+, t~comea vested in a person other tha~ the MORTGAGOR, the
v"C>:.i~E~. ~r_ s~c:~-,..~s _.._i ~ . tc, ._';iG•._:.;:~: d~,; n,:h _~ch wctessor or successor in interest with reference to this
:~ye a. d rh~ d:• i . r} e., .::r .~s r.:•!i ;:._vt,,,~,'r ..•.~t~,.ut m a^y way vit~ating or d~scharging the Rtortgagors' liability herc
• o: vron ti~^ d~_: ! .«c.: r_~..: ':e s._ ir.- r s•~s • b, n;utyagrd ard r.o farueara~ce on ti~e {:art oF the P.10RTGAGEE or its sutcessors
.~~:i a:-d << _ , r,. ; a„ • t~ e.1-',• i.,. c~ se.v~~•J e!ven by the NtORiGAGfE or its successors or ass~gns, a~~all operate
_.~,e, d scha~ge. _~1.iy or ct ~_r c 3~., .;n~r o# tn„ I:.URTGAGt~R i~erein, e~ther in whole or in pa~t.
10. It ~s ir~•: f~_ a,y t~^y~_•ed rhar ~~~n.~ Is o~ rr:e r»~_ ce of ti~~~ co•nracr a~,d ther no waiver of any o6.:gat~on hereunder or of the obligation se-_
•d hareby shai~ ar an•; !~r,e ~harea!re~ Se he:d to b~: a..,~.rr of the !erms tere~! or of 1he instrument secu.ed herby.
t i !n ri_: : . . , ~ .,i ; , - . d ~ ; , ~e•~~ : •~d by !h~ ~nom sscry ro'r sctvred hrreby, morlyagor COVenanti
;:_~rces ro ; ey ~o ~-c•t~ :e ~ r'r. . a:h .,n•h y F.,,~ ,e•~T a. z!d ~r~onei su~~ e~r ~.aTed by ~-~ong~gee to be equal to 1~ 12 of she annual cost of the foHow-
A-A!I rra~ Fr~,c:., t..3..,, or .:~s•:s;-_~: r.sC d-;: ,..~_d ~•.ai Cs':ic. .
£ Fr , -s n:. f.•c .;:s• . , .,s r~: q ; o~. c;.. ~ : c •~e :~•-;aov=~nents s~t~ate on the above d:scribed premises.
_-P:r ~~.,v ~.s o ~ .ti ~ _ • a, a~e r. , - s ::~3 . i,c . . , ,o •:~re d_e~: (ii ~o carry on the loan secvred hereby.
A1o~tgag~• s~-; ~rc~n ti•• to ~~u! f; ~-~,rr,;,~., n+~~nt~ng of the a•-.u.:~,t 1:~ rrd payable hereundar a~d evch sum shall therevpon be due and
~ o~ thr ci,:• c, i~ F:.:, , t a: : r~c~• ;.;co~s„ve - o~nh fFrreal•~r ~cTii mcrfga3ee shalt not:fy mongagor of a chsnge in such
.:11. ~UC~1 SU'!'.i s~•~~ i be oc E~u•.d rr.org_ ro..,i:d r,e F.ey~r~ent of e.;l p.cperty ~axes. insuren:e prern:vms, and mortgage guaranty insurence
.~~s
ft~ ;;(iP:ESS ':VH~R~vr. r:~e sa:c! "LORiC%:.~:?k has i<•re.,-to se• Ms h~~:d end s_oi the day and year first aforesa~d.
' Signed, $ealed ar:d deli,re~ed in the presencc of: _
! - ~ (Seal)
LJi iam D Walsh ~~a~~
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E .
~ ' An n Ede n Wa~~ vS~a~~
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OF FLORIDA
~ ; St . Lucie ~ ~5~
' TY OF ~
Before me persor.aiiy appeared t~il_liam_ D._ ~V~lsh and
~ ___E1Ri1 EdQR Walsh h;: wi(e, to me well known and known to me to be
di.idua:s dcsr~5_d ~n and •r~ho execured ~he forego~r.g instrument, and ackncwiedged Defore me that they executed the same for the purposes
r Ann Eden t~~lsh
~ e~n expressed. And the said_-______________~___
R
of rhe Sa~d _ W i_l i i am_ D~ ~h'a l s h , upon a separate and private
-:~r~on by me ta:rn sepa+ate and apart from her said husbar.d, acKnowtedged to and before me that she executed said instrument freely and volun-
~ ; ar:d v~•no~t any Co~npu!s.on, Cp~.SVcir,t, ar. pra ens: ~or fear of or from her said husband.
~ :"JITt.~SS my har.d and oific:al seal th~s _ _ day of A r i 1 I A p~ 7 rj
~
~
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~ fILE ..M~ Notary Public in and for the tate of ida et ge
ECOetD
ST.1. Nrr A My Commissio~ expires:
Re'~rn To: .~AS
Fc~: -c~rr /c2-o2Q ~b~
~ ~rst Federal $.+~i:ys L io~n Asso': ton ~K T COURT
~ O~ Fo~r Frr~.•_ ,c;~~,
~ Forr P~e-ce. F:„r~
' aPR ~ 3 49 ~H'~~J ~
~ ~~'~'is , ~ . 1 ~ ~ ~ . -
This lnstrument Prepared By John W. Collins ' '
_ ~
~ First Federaf Savings & Loan Association - ~ t • ~ % ~ , ~ ~
~ of Fort Pierce ~ F lor i da _
~ Checked BY : , t , . ` ^ .
~ ~ k ~ ~A~ ~fi5 ~ - ~
B~OK ~:JO = .
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