HomeMy WebLinkAbout0686 3. To place and continuously keep on the 6~~'d+n9s :~ow or hareafter sit.,eta on se'd '+and and on all equipment and personally tovered by Ihif mwfg~
e~e, w~ih all premivms fe~rrcon pa~d In fuil, f~re inw~a~~ce i~ iha ..s~al standard Ho'~cy form, in a s~m aFproved bv the MUR~Cs:~GEE, a~~d w~ndsto~m
~nsurence in ~hr usua! a~o~~J~rd po!.cy lorrr, in a r.ur: approvad by rhe MORTGAGEE, in such compeny or companies at tha MI~R(GAGEE may
d~recr, and aH iire a:~d wmusfo~m inswance {w:~c~rs on a~~y oi s~~d Lu~td~~~ys, any in~e~est iherein o~ part thereof, in the a~g~eyete wm aforesa~d o~
in excass ~hrreof, shall conta~n the usua' standard rnorr;~~gee ciause or such o~her c~3vse as the Alurtgayee may ~rq~~ro, ma?~ng ~h~ loss u~~der sa~d poli-
cies, eath end evtry, pa~.:bfr to said MJRTGAv[E as .ts ini_r~st may appear, an~i each and every s~th po!:c~ shotl be promp~ly ais g~~rd a~~d de~rvz~rd to .
any heid by sa~d A10RtGAGiE as iurther aecurity to said r.,o•tgage deut, a~~d, no~ iess than ten UOi da~s in ad~a~:ce of ~he expuaf~un of each poi~cy, to de-
I.~er to sa+d MORIG~IG'_f a renewal thereef, ta3e!her with a r~ce~rt for thF pre^~~~m o( wch ~enewal; and ~here shall be no f~re or wi~idsto+m insurants
placed on any of sa~d bu:id~ngs, any interest tnerein ot par~ ~nercof, un:rss ~n the fo~rn a~~d w~th the lass payable as aicresaid; and in the e~ent any sum
ot money betanas payable ~~nder such poiicy or poi~ciea sa~d A10k?GAGEE sLaH hava ~he opnon ~o receive and appty the sa~m on a<coun~ oi ihe indebted~
~»u secwed hrreby or ro pem~~t aa~d lAORTGAGORS ~o rece~ve and use i~ w~ny rh:: roi ic. ~:r.o• i.~~: csrx, ..:~~~~~r 1Fi •~a J J .V~1+3 o~ ~n'pair-
ing any equ~ty, lEen o~ r~3ht under or by virtue of th~s mcrtyage; and in the event sa d MJRTGAGORS shall :or any reason fail to keep ~he sa~d premises so
ns~•ed, or foil to delwcr pro~uptly any oF said po~~cirs ::f ins:rance ~o sa~d MOP'G!'.GEE, or fail p+~mptty to pay fully any pre~n~vm therefo~ or in a~y ~
.~speu fail to perform, d~sch:~rgr, execute, e~~ect, co~np,eta, ca:nply wiih a~~d ab~de b~r th~s coven~nt, or any p:~re hrreo(, said MGRivAGEE may piace and .^r
for such insur.~nce er any part thFreof. wi;hout waiving w affeciir.g anv o~~~:on. ~~en, eqwty, or n~ht under a h~ virtue oF Ihis hlo~tgaqe, and the
t amo~,M of each and e:e~y such paymor# ahalt 6e i•nme:d~atety d~e ar~d payab!r.a~.d shai! bear interest irom tha datN thereo~ until paid at the rSte oi
c per centum Fe* annuir~ ~~~.d rnlett.r~ti.+~th su:h ~,:vo~rsr s!„h i:•:.::ed k:~- the I;rn of tii~s +nOrtgayc.
4. To pern:if, commit or sufter no waste, imFai~n~znt o! det~~r~orat~on cf s~~d F.r~perfy er any part thereof.
5. To pay all and sing~iar the costa, charge: and eapenses, inc(ud~ng a rrasoneLie atrorney's }ee and costs 01 abst~acts of tiNe, incurred o~ paid at
tiir.c` by SaitJ MURIGAG.`E, beCause or in the event of 1he ie~:!ure un ti~e Firt of t4e sa:d :tt~RTGa~,pR to duly, promptly a~d fully p:~fotm, dHCharge.
.ute, effeU, cemp:rte, co nply w•~~h and ab:de by each and every tfie Stipuiat:Cns, a~recm¢~iti, condihons, and covenanrs of sa~d prom~ssory note and ~h~~
~ o~rqage any or e~~her, a~ d sa d cos~s, charges and e~per.ses, each and ev~ry, snail 6e ~:r:~ncdiatety dve and payable; whether or not there be norice dr
-~,;f, attempt to co:iect or sv~t pend~ag; and the fuU amcunt of each anJ every si•ch paymen~ shoii bea~ interest trcm Ihe date Ihereof untif paid at the
nine per cent~~n ~_r a_,,.n; ,:~~d sn~(~ Cl~SiS, :~idi_~~•5 o•~d cx:.e~:s^s ~cc~rrrd e~ pa~d, toy~ti:.r ~x~~h such interesf, ihall be setured by the Gen ol this
,~~rg~ge.
b. 17ia1 (a) in thc cvenr o~ ar.y' breacfi of this Mortg3ge or default on tfN pan o~ tfie N10RTGAGOR, or ;b) in the event any of sald sums of money ~
~
t~r_•in refe~rcd ~o be not promptty and iuiiy pa~d .Yi~hin ~hirty t3U! days nex! a:~er ~he same several(y brcome dve and payabte, wit~:out demand or notite,
_ in rhe event each and evary ~l,e Shpuiatic~r~i, agre?ment5, Cor.J~Sons an~ covena~~ts o4 sa.d promissory note and thh mor:gage any or either are not :
,,ro~npriy a~d i,;ily ;;ertor<<:_•d, d s:~:arg•~,i, •,~c:vied, efi:~.t~d, co~n,:;:-!=d co~~;:..~ed v.~;h and aL~ded yy, then i~ e~ther or any wch evero Ihe sa~d ag
~.:!e sum mennoncd in s~d p:c^~~aso~y n~rr t'~_n ~e~-~aining „rpa~d, with u~t~rr;r a:c:ued, and aiI moneys secvred hereby, shall betome due and pay-
• ferthw~th, or ti~ereaf'~•r, at the ep~~c'. cr s..~.i :~'.G~?G.~G~E, as fu'~~y a~~il con;~::e:~t y as if ait of t?.~ said sums of money were onginally st~pulated
~ pa.d a~ wch d.:y, ar,yfhu,g m s:~d pro-:ssory ~ue er :n ~h~s 1.',e~tyay~ t~~ t~e conrra.,~ nutw~thst3nding; a~d thercupoo a thereafier s~ the o~~ion of
,.i 6".ORTL;AGEE, w~r!.o~t no~.ce or dcm~~~u, s~~t at iaw or in equny, the~e!~re or thereaiier beyun, may bF prozecvted as if all moneys setur~ hereby
~ { ~,atured pr~or to us i~stnv~ on.
7. That in rhe evrrt rhar at the E•~y6~r, r;g ,f or at any ti:re ~:endir~g a~~, ~v~1 upo~ tl~~s 1Ao~tgage, or to foredose it, or to reform it, or to enforce .
c~t of any c',,;~,~s ~~e~eu«der, a~~d ,YtOQT•~:.,:tE s.~~~i p!r ~o th•: Co~~+ l~;: g;v~sd cr.on ~i~cr_ot ior the appo~ntmenl of a Receiver, wch Covrt shail
~..Irh ap;w~nr a r:•-e~.er et s~:d :r.orrg.,g_ci ; .~ty .r;: a.d s, :~~'ar, ;•,c:._d ~ g~- ;ncf s~~g~~ar the income, prof~ts, issues and revenuei from whatever
, deriv~d, e~ch a•.d c~r,ry c' ~i, ch, q-.:,ress'y ~r~ae: s~wd n t~r f~.,, r~nr3rd as if speci}icaity se1 forth and described in the granring and
~ :'~m c'auses !+ereet. ;rd s+.: h Rcc~+ver s~a~: h~ +e a~' tne :~rcad ~r c_~i~+.••+ ~ r:;~•ct ns drx! po.~vers in anywise entruited by a Lourt to a Reteiver, and
• a; poimment sh.:l~ be n:adc by scch C;,~^? ,rs an ~d ~~~ttrd cy~~'y ~+r.C~ d^ dfi(~7 cf .~rsc~ute riqht to said MORiGAGEE, and withovf re{erence to fhe
,_;r~ or ~~,adeq:.aci oi ihe va!vr ef fhe p•eF_ny mo~+~~~ed or ~r.r so:.-•._ ~=c'~~•ncy of sa~d MORiGAGOR or the oefendams, and ihat such
•s profits, inc~me, :SSUES and re+er.~es sn~~: be app~~ed'by such Rea_~.~~r .__..a ~g t~ the lien or eq~~fy of said ~dORTGAGff and the prad~te of suth
c.•t.
8. Tc d.: v, pro:r,~ riy and fu!~y perlorm, d~sch~rge, exe:u+e, effect, comp~etr, co ~ ~i; w~th and ab~de by each and every the stipulations, agreemeNS, ~
t
. _.r.s a~,a vcn~nts •n sa~t1 proo;issory r~o•e and tti:s matgage a~•t 4ortn '
4
9. T,.~: ;n= c~. .-s the c.,ne•,h::- of thr mprtg~ged pre--~~ses, or a:~y Fart ~i,er~~of, 6eco~nes ve:ted in a persan other than the MORTGAGOR, ~he
. " ~,AGi= irs cs,.~s ~ ri as~:,~rs, •;,ay, v.~r~e~t r.o~;cc ro u~r f.^.07TG%•~R, dea~ ...ch s~.ch successor or successo+ interest ~vith rzference to this ~
;
a-d ri„ ~1,ct i,t;<;~.i ~.~,~r._c1 ;i,e <ame ir:ar..~~r as wifh 1.1or+~,,q„ n~tho~t ~n any way vitiating or d~scharging the Mortgagori liability here-
or v,.on fFr- d~_:n t~erc~~; s_..: •.J. ~ s-.y ef :~,a ~~~-r~.:~es hereb~ ~,s.~~tgay~.d ar.d no ferbeare~ce o~ the part of rhe /hORiGAGEE or its suecessors
,r•a r_ :v.r._r;~o-: -n.~ ~„~ymr~t ~.f deb• f~~~r4,; :<cured g~ven hy the 11tORTGA~EE or its s~ccessors or asslgns, ai~all operate s
~.se, d:scF„rye, m~d~E~ ci:n~-3., o• a'rc t~~e c. _~~na~ i~ao,irty of 'ne f:,UF,t~;AC,Ok i~ereln, either iri whole or in part.
1D. lr is s~:ec f~c, ~y :a•e._d r+;ar u~ne ~s of r!,a esse~;e of rh;s co~aract a~~d that no waive! of any o6l~gation hereunder or of the obligation se~ y
_d h;;:eby sha'~ a! en~ •.*:e thar.~ai~e- h;~ri to i~~_~ a~..o.._•r of tE;e te:ms bereci or oi the ir,stru~r.ent secured he~by.
! L I~: ; 1:' r-. . r . ~ ir~ _~c ~ _ . . . ^es o! i,~ _ :~d ~ . •~~q:;:r~d by the prom ssory no~e s~curvd hereb~r, mxtgagor tovenants
,'ees ro ;:~y r~ +-~~,-~7 _^c z~~h r,,~ . ,....t an ~ci: •~u s:rn _s'' .o•ed by mortgagre t0 be eq~ai to l`12 oi the ann~~at tost of the fOllOw-
A---Ati r.at F,rope~h~ is,. ~s iev~-~.:'. or ats+,~s.:.? :,y,,-,,s• t~c. a`.~~ve d~sc•i!-.~_d ,~,t es',it._.
5 F'r or. t:r<. d:•,, r.r s, ;s •~:..z.~n r,qv.r,.d !o i. ~ c•. t4~r :m;:rovements sli~ate on the aFwve d°scribed premises.
~ f'-_Prp,•.;~; ,S ,,.~;.,t g,;,,,~;.~; ;~s;,•3~.-a as mo•t3age? sha:~ t:o^~ r~me to t:rne deem fit to carry on the loan sec~.ed hereby.
'.'wr!gagee s~_' r: r~~ - •~,e ~ ,~c- ~n v.-~t.ng ef th~ ,_~T ~v_ and payable hereundrr a~~d such surn shaEl thereupon be due and
't on th~ c.:r c~~.: c's .^*t _ r,:~~r J~ a~~d e~:', s~.:cc.•uiee _~F. r, ere>f>cr until mcrtgagee shaU notify mortgagor of a chan~e in such
•t. S~cli s~lms at :;e aY}•~S~:i t~ Ir•3,_: r tor.a•d !he pay»~,ent of re~! •prope•ty taxes, ensurence prem:ums, a~id rnortgage guaranty insurante
~ -is.
; f'~ L'liiD~E55 :+'HFk~Gf. e=,•, s~~d ;:,OR?G;,G02 ~~ai r.;rre~~+to ser his ha:~d ar.d s~•a! the day and year first foresaid.
~ Signed, Seated and delivered in rhe presence of:
~ ~
~ ($eal)
~ - - - ~ .
G B W 1 I S (Seaq
~ - - . ' (Seal)
~ __~~,a~~ _ _ Alliece Walters ~~ai~
~
~ OF FIORIDA ~
~ _ St Lucie '
~'~?Y OF ~
~ 8efore me rsonali• a G• B. _Walters
pe / p;.eared _ and
Alliece ~Jalters
_ _ _ his wife, to me well known and known to me to 1x
r~d;vid~a~s described in ar.d wfio exewted the foregoing inshument, and acknowledged before me that they executed the same for the purposes
-e n expressed. And the :~~d_Allieee Walters
cf the said - G• B_ ~~lalters ~ , upon a separate a~d private
~ ~3t~on by me ta=.en separote and aoart irem her satd husband, acknowledged to and before me that she executed said instrument freety and volun-
i and v.:fhout any compu!s~on, co~~stramt, a,^.pre~:~lon` or fear of or from her said husbar.d.
~ Y11TNE55 my hand and official seal th.s _ da 1 ~ ~1. D. 19 7S
~
Norary Public in and fw t State of ida at Lsrge
My Comrission eapires:
~ Return To: ~~;Q..~~~ ~
r rst Fedefal Sa.ir~~s L Loan Assouat:on
~ oi F~~t P _:c•~. FILfO ~NO RECORDED ' ~ '
Fo., P,,:~e, F~,,.;•~, ST. LUCIE COUNTY FLA. . •
~ R"vGEF aJtTRAS t. _ , _ _
CLERK Ci;iJIT COURT ,
RFCC50 vf.~iF~ED~..~,. , . _
" ~ ~ '
This Ir.strumer.t Prepared By John W. Collins I j
~ Ar~ T 3 i3PM'15 _ ~ ~ ~
y, ~ _
~ F i r s t F e d e r a i S a v i n g s & L o a n A s s o c i a t i o n C.~•.~ O~
~ of Fort Pierce , Flor ida . ,
• i
305345 ~ '
~ Checked E3y ~
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800K~.J0 ~ACE VOeJ ~
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