HomeMy WebLinkAbout0545 3. To place and continuously keep en ihe b:,~:d~~:gs now or hereafter ~~tu~!e e~i sa~d !and and on al~ eqoipment and per~anally covered by thif mo~tg-
ege, w~th all premiv:r,s ~~~rreon pa~d in fult, f~re insur,ncr in IF1B VlJdI stmul~•J po'~ty form, in s sum a~,pravad by the MOR.G 1GEE, and windstorm
~ns~~ance in ihe ~wal s~.~~~dard pol,cy foem, in a s~m approvrd by the h10RiGAGEE, in such company or companies as ~he MOKiGAGEE may
d.ract; and all fire and w~n~;tonn iniurance pol~c~rs on any oi s~~d b~,iid~ngs, eny ~nta~es~ theiein or pa.t thereuf, in the aggrrga~e wm aforesaid or
in e~cess thrreof, s'~ali conr~in ~f,e ~w:! sta~tda.d moriyjgee c a~sa or such o+her c!ause as the Mwtgayee may ~equ~rs, mak~ng the icss u~tlr~ ie~d poti-
c;es, each and every, para~:e to sa~d h1JRTGAGEE as ~ts ,~:trr~•~t ~~~ay appaa~, and eact, ,nd evory iuch po!~cy sf~atl be p~omptiy a3sgnrd a~:d deliv~rrd ~o ~
any hrld by said AdO~?GAGEE as fur~her security io said rnorigage d~~bt, anJ, not :asa than ten (10; days in ad~a~icr of the expiration of each pol~cy, fo da- "
I.er to said h\ORfriAG.'E a renEwaf thereof, toge~hr~ with a rete•~~t fur the p~rn~ium o( such renewa!; and ~he~e shall ba no fire o~ windstonn insurance
p:.ued on any of sa;d bu;,dings, any imerest there:n or par~ ~he~cof, un;cu in fhe fonn and wlth ~he ~oss pay~ble as afwetaid; and in the eveM ~ny sum
cf n:onry becomes p.yaY:k under such policy or poGcies s.i~d MOklGAGEE shall have rho opt~on to reczive and apply the same on account oi ~he indebted- ~
n_it setured he~eby cr to pe~mit said IAURTGAGORS lo reCrive and uSe il O/ s~~y F~ort th?rvof fot cin._t pui; osrs, v.~:iio~t tti~no~ .v..,.~~:~ ~mpair-
~n~ any equ~ty, 6en or r~ght under or by vi~fue of th~s mcr~gage; and in the event sa:d A10RTCy1GOR5 shall for any reason fail fo k~cp the so~d premises so
msured, or fail to de!ive+ prJmptly dny of aa~d poLc.es o4 in:urance to sa'd A1URivAGEE, or fail promptly lo pay fully any premiu~n theretor or in d~y
~ec;,ect fail to perfo~m, disch~rge, execule, ef!ect, comp~eta, co:r~pty wi~h and ahidp 6y thn covr~~ant, or any part hereof, said MURivAGEE may piace a~~d
r.>.~ tOr Such inswante or any pa~t the~eof w~thout waiving ot a!fecti~ig any o~t•on, lien, equ;t~, o~ nght unde~ Or 6~r virtue of d~~s G1o~igage, and Iht
~It amount of racA and e.r•y s4ch paymrM Sh;:l 6e ~n~n+ediettl~ d~e and payable ar~d +heli bear interest f~om tha dote thcreof umil p,,.d at lhe tate o1
e per cn~~m ;,e~ ano:~., :;•,d to~:th: arh such- in;r~. cr sh;,~ se;~rrd by ii;e l:en ui thh mortgage.
A, To permit, commit or sv(fer ro wastr, i•npairn:rnt or d~•t~-~~oration o! sa~d pruperty or any part thereof.
5. To pay aIl and sin~vla• the costs, charges and e+~~>ensrs, induding a rraso~~able attomey i fee and coats of absvads of lide, incurr~ or paid a1
rin:c by s:,~d ti1•::R1GAf,fE, beca~se or in tne event of ~t~e fa.:ure an the oart o! ~he sa:d 6tORTGAGOR ro du~y, promptly a~d f~tly pe~form, d,acharge,
.-cvte, efle~t. [cmF~lrtf, co:nply vr~th and ab:de by e.~:h and e~~ery the sfipu~at:ons, agree~n~MS, tond'uio~~s, and Co~ez~aniS of Said prornisso~y no~e and thi3
rrqage any or e~!her. ~nci sa d cos», c'r~a+ges a~~d rxperses, eath and every, aiial~ be i~nmrdiately dve and payab!e; whether or not there be notice dc
dtte~npt ~o ca~ecr or su~t pe~~d~ng; a~.d rl~s futl amounr uf each and e~~ery svch paym.em shall k,ear i~feres~ irom the darQ thereof un~il pa~d af the
n~cc }~e. cent~•n ~ er .,r~ ir:~1 cc~~s. ~i~e:3es and ~ a; ,:~:s~a ruu~rc~d or N~~d, toyether w~th s~th interest, shall be set~red by the lien of this
„ ortgage. -
6. Tha? 1a) in fhe event of any breach of this Mortc~age or dafau!t on ti~z part cf rne M~RTGAGOR, cr (b) in the-°sv~~Rt'~riy o( sa:d sums of money
h~,rc~n referrad to oe nOf F;rom}:t~y and fut:y pa~d wnh~n ~h~r~y (3Q) days ~~ex+ art~•r the sa~ne serera!!y becon~e due and payable, witFwut demand o~ notice,
r ci in thr e:enf each and evrry ~he st~pu~anons, agreemenfs, tur.d.'iCr.s and cuvenants of sa:d promissory note a~~d th~s mo~tgage any o~ either are not
i.. pro~,:p!ly and i;; !y ,~•rf~r;,;ed. ci stF~a.~rd. cne:ur,d, e~fectro. a~:np;eted. ce~•,p l~.d •..~th a~.d aE~d~~d by, then in e~ther w any s~ch even? the ~aid ag-
, :,~e su~n menr;oned :n s3~d F•omissc•y r~etr then rerna~nu,g ~~npe,d, w~tn mterr;T acc,:;cJ, and a~~ menrys secured hereby, shall become due and pay-
fcrthav~th, or ihcre3fser, at thr c~•~on o1 s.~:d t:OR?GnGcE, as fu'~y and com;,ie~e:y as i( ali oi the sa~d :ums of money wcre onginally stip~;ated
• p~i.d cn wch dc~, >_rythm3 ~n sa ti;r.o n,~sory note cr in ihis !t"urtgage w tt~•~ :o+~!~ary not.ii~hstandi:ig; and there~pon or thereafter a~ the opt~on of
~ '"'?RTGAGEE, v.~rF.uut ro~~ce cr de~: a: ~i, s~~r ae taw or in equ~ty, th4~~eiu+e or th~•r~airer beg~n, may be prosec~ted a~ if all moneys secured hereby
. ! .,,r,,red cr,or tc ~ts inst~r.~t:on.
7. That In rh~~ .~ver.t that ot ti~e b~•g;~•n:~,q + or at any tln~e c;~~nd~rg any su~t ~n i~,is Mo~tgage, or to fp~edost it, or to reform it, or to enforce
01 any c.~ ~ s herew~d••r, e~IG~ l.~JRT;~-~v'.' Sh3.i opt.ly to tnr Cov~t ~~a.n g ~.;.~s~l.c~~cn the~eof for the appoiMment of a Receiver, such Court shafl
'h : a~ _e..er of :J~f .,•tg,_;rd rro:..,rt~ ano s:r:3u:ar, inc~;i ~~g ,,~~d sv:~~;ar the ~ntome; prof~ts, issues and revenves trom whatever
i~r~~ed, ±~,cr~~ ot ..r~, _.~r ,.:,iny •,.p.~:ss~y ~~nde~stuc.d, +s 're.~~i,y , cr-~,~Ed as i4 spec~frcaily se1 forth and destribed in tFx graming and
• ••d„~^ c e~~s^s t,t~r`~of, and s~ch 4cce~:^r sF:_~'~ h: a'.~ th~ br~ad ~~.d YtTf('.VB f;I"C l:li dR(j pOYlQlS in anyw~se entrustEd by a Couri to a Receiver, and
. ;r..:nrr:~~n~ s~:~:: b~ me~Jr b~ s~~ch G„u•t as a*• ,d~~~tred eq~~ty and a«a~~~~ ci or:•s;-,~r~ righr to sa~d MORTGAGEE, and without reference to the
~_.::y e• ~~.ade~~~cy oi iha v~'ve oi fhe p-~p~rrp n:ortaaged or to ~re sr„~._nci o. ~__;;~vency of sa~d 1JtORiGAGOR or the defendams, and that such
•s prof~ts, incoo~•~, ISSu@S end re.er,~es sha~I 6e ~pr~~ed by such Rec~•~vrr oc.oru ~.g ro the iien or equity of said MORTGAGEE and the praUice of sueh
3 Te d,'~, p,-cr.~~:t!y a~•d fui'/ per(or:n, d:sv~ary~, exec~~~, effecr, comp!ete, co~np.y w~th and abioe by each and every the stipulations, agreements,
~u a~~ t~... •,a,~ts n e,~d pre .~:sso-~ :~o!e a•~d tt:;s n,cr,g3ge :et torth.
9. Ti_at ~i . c.e~t ;f e o:•.^er5^:~; ef t6_~ n,;;•zyaged pre-~:~ses. or any p~rt ti~erref, 6emmes vested in a person ofher than the MORTGAGOR, the
-.;GEc. ~~s s~u~_.. _.,~;i nsr~,~r.;, ~aay, ,v:thc~• ro~.ce to ~~~e '.tpR;G::OR, deai w::i~ such successo. or successor in interest with reference to this
Je r d tF.e c~• ~.t r, <<.,,•cJ ~n rF.e s.;:ne n~n;:r.N• as ~~~?h :',vr!~e3or v.~thout in any ~vay vit;ating or d~scharging Ihe hlortgagors' liability here-
:,e:~n rh_ d_c~ ~••:~e: ~ se.:: ; s: ~r e t.~e,~ ;ses F_~2Dy ~~~cr~~aged and no forbearance on the ~ar~ of the IAORTGAGEE or its successors
7~~; ~~~d r_ .•.rens:oe of sh;• ~l.e ~.:y••,,:e ~i rh~ d-u~ I-~re~~ srwred g~ven'by the 1110RiGAGEE or its successws or ass;gns, snall operate
_~sr, d sci,e:ge, r::<!,fy ...ye er a:!e:f r~e c• ~.n~,~ liac,. ty o' tY~e ~:,ORiGAGOR here:n, either in whale or in part.
1G. h i; spec F:,.i~ .,;••,ed rhar !i:,~e is of t}~e rss~nce of tF~~s cor~traa and th3t no waiver of an~ obiigatlon hereunder or of the obligation u
-d hareby s~:a:. at any ti:~:e ther-;fter be h~!d to bc a v~o~wer cf ihe !erms hereof or of thc ir.strument secured he~by.
i i In _.i ,~o r r~, ~g r:rh': ;:o,r rns oi p: ~c p~~ and ~•~r ~resc requ~red by the promissory no!e secvred hereb~, mo:tgagor eovenants
;•~es rv , ar e~ .•.c•t_ -,.•,c .~~;r~, e.: , o«•)~ y;.,;~ :r:r zd;~'.;;.;a' s~~rt, <r a!ed h~ morrqagee to be equa{ to l,.' 12 of the annual cost of the follow-
A-A!1 :..a~ p~~;:e,~y t.,tcs e:~eC or ~,urss~~:~ ay !~st th, ai~ove desre;cd rraf es•ote.
~ 5 c~ _ : :•s r=, r:cisr s~- . _ •,:n .-.y~.re,j •n 6e c~••~~ d ~ • the :•n ,ro.eme~ts s~tvate on th~ above d:scribed premises.
I
C Pr_•:_..: s on „<h o:+~~ge y~ar~-.~~ s~ra~.c•~ ~s f7~0't~)f3~2 sha:i t~cr r n:~ +o nme deem fit to cany on the loan secured hereby.
j t,',o-t3:;y•_F s',_ cm r.~ to r:•_'•f~ :-.c~' :.•9: ~~n wct.nq o1 t~ee o:•~t u.,= and payable hereunder snd such sum shall thereupon be due and
; cn ~h: ci.:~ c. ci m: . o rt:~ , p„y:~ ~t e^d e.c}: s::cc~~ssive °.o•,ti: r6ereah: r ur.til mortgagee shall notity mortyagor of a change in such
~ $~ch s~:ns sh~.' ':e a~.~.~cd i.~ ~nc,r;g;_ rc:.e~c3 ~{~e ra;:rem ~f real orope:ry taxes, insvrance prem:ums, and mortgage gvara~ty insurance
j : •.g
f i'~ ':/liP1E~5 ::4ER~Gf, t;._ s:rd M,JRTGi.GCF nas nerc~~to se! h~s hacd and vrel the day and year first aforesaid.
E Signed a ed ar.d deE~ve~ed in the presen~c of:
F I ~$Ea~)
' - - . 1i1.~'1~c~ - - ~~s~-3T ~ f`
~ James L . Rouse ~~a~~
' _~IiA~ o _ SSea~)
~ , l.eone S . Rouse
? ~ - ~ - - -
~ (Seal)
OF FLORIDA ~
St. Lucie ~
:*r oF - - - - ~
Before me pe~sona~iy appeared `~ame5 L.. {ZOUSQ
- - - and
~.QOL1Q _S. Rouse his wife, to me well known and known to me to be
~ ' ~d:~+~dua's descr.bed i~ a~d who execured the foregoing instrument, and acknowledged before me fhat they exetuted the same fw the purposes
~ ' •r ~ expressed. And ths s~id_______.___ LeOne S. ROUSQ
of rhe said _ JdmQS L. ROVSe ' upon a separate snd private ~
~ • •ar:on by me teRCn separate and apart fic,m her sa~d h~:bar.d, acknowtedged to and beiore me that she executed said instrument freely and voiun- ~
~ : a~~d w'hout any co~:pv's~on, constraint, apprehens,un, a fear of or from her said husband. ±
~ 4th
~ ';IITNE55 m~ hand and offlct,~ seal ths _ day of_ AQrll A. D. 19 75
:i
f~~EO e~e~ FEC~ROED
3 ST• ~liC~c COLNTY FC~.- Notary Public in an or e State of Florida at large
Ra~: k 'O~TRAS
-i My Commissioti expirer. 7-22-77
; Ret~rn To CLFf R Ci^°.,J,r (~QURT
,t Feceral Sa~ings L ioan Asso.~~',on A~~nD- 'i~`.1'j~~~~,_ Notary VuF;f.c, Storr. of Ror;~~~ at in.~~
, ~ My Commis.:oe Expires .lvly 24, ~977
y Of, =~:•t P
~ 3 0o PM ' 1~~~ ~°~=d by An~eri.un F~re G fosuuity
Fcrt P; •-cc, f{:_- ~i~
~
~ ~ 3C~5~29 :M=~>.
, . , .s
~ , , ~ .
~ This Ir.strument Prepared By Gaty F. Ellwood '
~ r;,st Federal Savings 8 loan Association ' ,:•r'~ 'y` v
~ of Fort Pierce, Flc~rida _ ' ~ J . _
~ ~M`~ ~ t-- v-
~ `necked By _ " ~ ~ " ` J °
Y~----------- T
~ n ~ . . ' . ; ~ C . ~
, ,
300K ~.JO PAGF ~~4 . " ~ ~
°~~~u~ut~~''' _
~ -
u -
' kf~-~,~~y - - -
_ :
.a -