HomeMy WebLinkAbout0688 3. To placr and contin~ously keep on the bu~;J~n~s now or herrafier fnvaee on said ~and and on al! ecyv;pmem and pe~sonally co~ereJ Uy thiti mo~~g-
aye, w,ih all prem~ums thereon pa,d ~n I~ii, f~re ins~~e~.ce in tne ~.w~l sianda:d po'~ty form, in a?um aHproved b~ tha MOR~G.~GfE, and w~nd~to~m
~asuran.e in tha us~al sWndard pol.ty iorm, in a sum eNprovad S/ the MORTGAGEE, in suth cwnpany or tompanies as the h102TGAGEE may
d~rrcr, and all fire and w~ndstorm ~nsurance pat~cies on any ot sa~d twiid.ngs, any intere~t therein or patt Ihrreof, in the agpregatr i~m aloresaid or
in excess th,:~eo1, shall ;ontam ~he usual S1~r.(~afC~ ~DG~t~9~JCC t:ause or s~th other cl~use as the Mortgagee may rcqu~re, maki~q ~i~e io~s undtr ae~d po~i-
c;es, each and ever;, pa~..b:e to sa~d MJRiGAGEE as ns in~~r~•st ~,~ay appear, and rech a,,d e.e~y wch iw!.cy s~~a:l be Nrompt~y assg~~ed and de~~verrd ~o
eny held by ~a~d MORTGAGEE as fur~her srcu~~ty ~o said mortyaya d~bt, and, no~ i•_-si than ten (10) days in ad.ance oi the expua~~on of each pohcy, to de-
!.er ro said MORTGAG'_E a rerewal thereo(, togethar with a rece~F,t tor th~ pra~n;vm of auch rene+val; and there shaU be ~+o f~re o~ ~n-indstcrm insurante
placed oo any of said bvi:d~ngs, any imerest thr.roin w par~ thereof, .,n:ess in ~h., !onn and w~th the ~oss payub;e as a!aresa~J; bnd 1n the evem any sum
of monQy bctOmes payabie under a~ch potity w po6cies sa~d MORT'vAGEE shail have the opt~on Io receive and app?y the same on account of the in~abted-
n.~ss secvrrd hereby or tc, perrn~t sa~d MORIGAGORS ro receive and use it a an~ c~a~t ~1:~-~~of to. orn• r pcrF osei. ~v~Uip~t th,~. u; .v~~.~ cr ~~npa~~-
~rg any equrty, I~en or ~igh+ under or by virtue of this mortgage; ar,d in the evrnt sa:d M0~2TGAGOR$ shall {or any reawn (ait to keep the sa~d prem~srs so y.
!nv.~red, or fail lo d°!iver promptl/ any of said poii:~zs of inw~ante to said h10RTGAGtE, or fail p:amptly !o pay ~ully any promium therefor ot in a~y
:>~spec~ feil to Qerfwm, d~scharye, eaecute. effecl, co~.~p!ere, co~npty wiih and abide by rh~s covenanr, w any part hr~eof, said M iRTG~.GfE may placr a~~d '
r.i: for such insurance or any part thereoi without waiving or atfecti~eg any opt~on, iien, equ.ry, or right u~~der p by virtue of this rdwtgage, and the s
• amount of each and e~cry such paymeM shaN be ~m.med~ately d~e and palab'e ar.d shall brar interest from tha dete thereof until paid a1 the rate ot
e per cen~~m pe- anrnnr. :ind re~~•th•:r wi•h :uct~ ~~~re+et• shs:~ t~e~ seccred k.y the ~~en o1 th~s mortgage.
4, To permit, commit or suiier no wasre, impa~rrnent or dct~•r:orahcn ef sa~d p~o~~c~ry w any part thereof.
5. To pay ait and sing~~iar the costs, charges and e~pemes, ~nci~xJ~ng a redsonablr aTtorney's fee and cosls oi abstracro of fitie, i~curred or paid at
r~..e by said ASO4IGAG;F, beca~se or ~n the e~ent of th•_ fa,'ure on ~nr part of ~he saed MQRiGAGOR to du:y, p~ompNy and fully perform, d~scharge,
. c.~re, effect, ce~nptere, too,piy wrth and ab:de by erch and rvery tl,e sti~-~ta+~ons, agreeme~rs, condihons, and covenants oi aa~d prom~:sory note and th~s
_,sge a~y or e~eher, ar.d sa d cests, cha.yes and expenses, e~ch and every, sh;ll be imn,ed~ately due and payable; whether w not there be no~ice do-
anempt lo caiect or suit peod~ng; and the f~Il anwont oi each and every wch paymrM sh~H bear imeresl from the date the~eoi until paid at the
_::~nt p~er c~r.;um }er en:::..n; cnc: ~i~ sa~d c~s's, cha:ges and tx;;ens^s •r.c:rrred or pa~d, toyether wdh suth intetest, shall be secured by the lien of ihi~
~r.c•tgige.
b. That (a) Sn the evc•n~ ef any brrach of th~s Mortnage or defau!t on th~ pa~t of the NORiGAGOR, or (b) in 1he event any of sa;d sum: of money
F rreln refarrrd to be not p~o:*~ptly and f~tfy paid .v~stur. th.rty i3~? days next a~er ihc ae~~~e seve~aity become due and payable, wittwu~ demand o~ notice,
: ~ in the eveni each and e~ery ~he sripuiat~ens, agerements. cond~:io:u and covenan!s of sa,d promissory note and tho mortgage any o~ e:ther are nol
pro~~ipNy ancl iuL'y ~~erio*~rrd, d s= ,:~~_J. •~+ce:~ted. effec~~d, co~~~p:eted, cunp:,~J r.~~h and ac~ded ;y, then in e~fher or any such event the seid ag•
3;ta wm men~:one:,i ~n said pro~~uszcr~ note ti:~n rvr.~mmg ~npa~d, v.i~n mt~~e.t iic„ed, and e,i moneys secured hereby, shall become d~e and pay-
• lorth.vith, or 11~'rrra`!cr, at thr of•~-vi ot sa,d 1,10RiGAGEE, as t~~:~~ arxi cemF~._•r~,y as i1 alt of the said sums o4 money were onginatly stipu,afed
~ pn:d on such dcr, +ny~h~n~ ~n sa ~I c~o n.ssory nc!a or in this tl~ortgaye to fhn co~~vary norn~thst~~+d~»q; and thereupon or thereafter at the ophon of
:;i ',+.pRTGAGEE, wr.hee r no~~ce or ~+~m,~;d, s~,~ nt ;ew or in equ~t~, rhareio~e or s1.~~:~affer beyun, may t;e prosecwed as if all moneys secured hereby
~ •natvred pi~cr to .ts ~r:sh!ut~an.
7. That in the eve~it !hat a! the bP3i~~n r~a ef or at an~r ~:n.e pend~~~q a~,y sv~t v;:.~ th~s Mortgaye, o~ to fpreclou lt, or fo ~eform it, or to enforce
_~,r ef any c.~ima h~•e~rdc~r, Seid ;:1JRi'"v:~:~__ sha:i ap,,iy ro rF.e Court hs:~ ;;.~:~J c~~of~ ~herrot for the appointmem of a iteceiver, such Court shail
...eh ap~ o~nt a r~•ce:ver of s,'d r^o•t~~J~d ~:r~;,, rt, a:' , nd s;~:gu:ar, i:-c:::ci ^g U. ..^d S~~".C)U~dI the ir~co~ne, proflts, issues a~~d revenues from whatever
, d~n.ed, ec.r: a~:~i evc.rv uf wh;_h, ,s ~e~ry ~ a~,'r5S y c:nOtr~SI:GU. ~5 tere`.:y n..•*:~+~ed as if spec~fica{ly set forth and destribed in the graniing and
~.d~m ca:~ses hc:rv+, ~~:d svch Recr~ver sha;t h•>e al! thr 't,r„ad ~nti eft~ti~•:n f~-~_ ;,~,s and povaero in anywite eM~usted by a Court to a Receiver, and
~p.pci~atme~tl sh,~i bc~ r.,ade by sv:h Cou~f as a~. ad~nl~red eq;:~c,~ and a:~•a+~~r cf 3~•.~'vte~ nght to said MORTGAGfE, and without reference to the
,.~_,cy or ~nadey,~aci of tn~ va~u~ of thr prep.e~ty mortgo3ed or t~ rkc s•..t•:~.~y ::r ~r:r..~ency of said MORiGAGGR or the defendants, and that such
s. prof:u, inccme, issues ar,d rever.ucs she~~ be applied by s~ch Rccr~rer a_:~>r:::~y !o tr~e iien or equ~ty of sa[d MORTGAGEE and the practice of such
_ •t.
q Te ~!u'y, F:crrptil and fu~"•y perfor:~n, ~~scnarge, e,cecut?, eff~ct, comp:rte, o.;r•:~,iy w:th and abide by each and every the stipulations, agreemenls,
:ns zncJ c.:c~-~:e:~•s ~n ~~:•i orom~SSO~y r.e'e and ~n;s me:fge~e sut `orth
9. T1 a: ~n fhc e.-.~t rhe oh•nPrsF~r: of the mG~t~aqn(i F1ftZ~~3!'S, or anr par: tnerecf, Lecanes vested in a person other than the MORTGAGOR, the
:A~::. i•: s.~cc~ss•.~s :,nu .:s~~~ns ~r:ay, wi~hcu~ ~~+:ce so ~he ft'.GFiG:-pR, d,a! ~(ih s•,:ch wecessor or successor in intereat w~th reference to this
;.ye a~ d t+,r_~ ;irL~t r;~r~ir~ sc.ureo ir. the same ^ a:•r,_~ as h~th 11.;:rtgagor with_vt in any way viliating or d~scharging the ?AOrtgagor3' liability her~
„r upon ,~e ci:! t~,..e;~. <<c~~re~! .o s~ ~ o{ :!,e : re~ •ses h,rebv ~nortgaged ar.d no {orbearenee on the part of the tAORTGAGEE or its sutcessors
.,g:u and r~ >.fe~s:o•~ o' '~~e t;^~_• i,'. •i:r ai ~,•nt ct t~~e d•,b+ he~eby s~c~red g~ven by the ~..ORTGAG:E o~ its suceesson or ass~gns, s~:aif operate
~se, d.scha*ye, mod iy ,t.ar j~ or a=~ect the c~~g~n; .~ioi:,~.ty of tne ~JRiv~Gt7R here+n, either in who:e or io parf.
lU. h is spec .'k i.~ :.c•~cd rhaf t:~~a is of ~tie esse~ue of th:s co•~r.ac' and that no waiver o~ any obt~gat~on hereunder or of the obligation se-
.~d hareby sFai~ at a~,~ r,~e thercaher be noid to b•s a wo~:~~r of tF.e •erms h.rnof or of the ins:r~meM secured herby.
i i n_:i ~::.n ~o t~ or and ~ -r.:ss req~~•~d by the pron: ssory no!e secured hereby,~morigagor covenanis
;••res ro ~ay ro ~•,o-tg _e h;; ~r~,'; r;,.~ c•nr ad,: ~~cnai sur, a'ed ny mortgagee to be equal to l. 12 of the annual cost of the folVow-
A-A!I real p:oExrty ta, ~s ie.:cd or asseased a~.i^st !h•. above d•:sci~,~d real estare.
P. Fr ; r,:, i,. r. ..ci<< ms~.•r:~ cc- r, i,~~~a~n r~qv..od to oe ca•n• d c~, +h~~ :m;;roveme~ts srtuate on the above dsscribed prerr.'ses.
C-Pre ~~u~- s en wcn ;~ge g~a-a•-~ ~~cs :ra~.•_e as m.o•ogo~ee sha.l frcm r,ne ~o t~me oerm fit ~o ca~ry on the loan secured hereby.
h'.orrgayee s~a:~ irc~r, r. !e ~••e r=r.,; „o•t~„3;• v,rrt~ng of the a^o.~~t d~e ;md payabte hereundar and such sum shaEl thereupon be due and
on rh•, d:F• d:~~ vf th~ .._,;t -~cr4 ~ r.ay•-~_ ~ e~d ~~.ch svc:essive ^o~tth tF.ereait~r ur.tit mortgagee shall not:fy mortgagor of a change in svch -
Such su,ra s~:~ i L'e arF.:~ed t,~ mcr~ga:~_<• io.•,a•d tF.e ~:a~mer:t of re.+~ proFierry taxes, i~surance pram:ums, a~~d mortgage g~aranty insurance
I : •ns.
~ i'J ~iITNE:iS ::HFRiOf, t~e sa d~~+`,RTVMJCR fld5 i~ere.:nto se~ h~s ha~,d and seai the day and. year first afo~esaid.
~ S~gned, Sealed and d'~vered ~n the presence of: ~ .
~ - _ ~a..._ - - f I lE 0 ~'1 D f C ~ .
j St_RG~•fYCC~yM~?~l c1Y (Seat)
/ CU~T ~.'~~1~ (Seal)
CLERl~. G ~ (sea~~
~ - - - QE~~,R~ Vr,;~. .
x Florene M. Cause ~~aq
~ p~ 7 313 ~N'~5
~ r TE Of FIURlDA ~
~ t~ ~':TY OF -----St~__~.11C1@ 1 SS.
~ Before me personally appeared _Henry CaUS@V a~
Flo~gr1~M~ Causev _ h~s wife, to me welf known and known to me to be
~ ~ d~vidua:s descr=6ed in arJ who execu~ed she foregoing instrument, and acknowledged before me that they executed the same for fhe purposes
•.~:n expressed. And the said____-_____ FlOYenQ '•1• CdtlSey
~ of ti,e sa:d - -~1LS~3L- vpon a sepa~ate and private
~ •~~>+,on by me ta;cr~ seus-ate and apart frorn r sa~d husbar,d, ack~oxtedged to and before me that she executed said instrument freely and volun-
N , jrd vr.rhout any ~.corr;,uision, co~~s!ra~nt, opp e~s on, or fea~ of or f:om her said husband.
~ A ri
~ ',Ylit.c55 r,.y :~and ar.d off~c~ai seal th~s day of A. D~ 19~r2
~ L
.
~ Notary Public in a~d (o the te of F ida at large
My Comm~ssion expires: ~ ~
" Re•~rn To- /.J~
ti s. Federal Sa~er~3s 3 toan f,ssoc:~t.v~
Of ~u•t F•:c•.
~ Fo~t Pi~rce, Fi_ ~i~
~ • ~y~` C';-. ,
~ - ~ . ; . . • - .
~ This Instrument Prepared By Robert A. S1~vishez Jr. ~ s':~ rf,
F;rst Federa{ Savings & Loan Association . ;
of Fort Pierce ~ Flo rida 33450 -
~ ~.,Q .
'~necked By I.~- _ , ~J~ , ',!?r~"
~ G ,i i , ~ i
~ 0 R ~p ~
BOOK ~.JO P1~GE ~8? ~
; , - - - -
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