HomeMy WebLinkAbout0124 3. To ptace a~d co~nnvo.,siy keap on the L~~~d~~ga norv or herrafter lit~ate O~ Sood IOnd dntl O~ !1{ cquipment and peroo~+slly covered by this rtartg-
age, w~th s!{ ptraaums ~hrreon pa,d ~n Sv~f, hrc ~nbv~anCc ~n ~he wwl s~a~xiarJ ~w'~cy fonn, in a sum aHproved by Ihe MOR~GAGEE, and w~nds~o:m
,nsurance in the usual srandard po~.cy fam, in a:um aN~ro.rd by ~hr AAOkiGAGEE, i~ su<h ~rnnpany or compa~~es at ~he MORIGAGEE m+y
d.recr, end al) iir• and w.nJsw~m ~nsurance pot~urs o~ any o( sa~d bu~id.ngs, any intcr~s~ thorein or pa~l Ihcrro(, in ?he aqg~egate fum afo~esaid Or
~n r,ccees ~hereof, tFall :on~ain fha usual e~andjrd mortgigee dause w wch ahe~ ra~se aa tM Ab~tgagee may ~equas, mak~ng ~ia 4oss u~Jrr se+d pol'r
c~rs, each and rvery, parab!e to said ~10RiGAGfE as ~ts in~~rc~t osay ap~xar, a•+d eocb „nd evrry auch ~.o!:cy shaL' Le p~ompt~y ass y~•rd an•.! de:~vercd to
ent held 6y ta:d t10QIGAGEE as (urth~r setwity to sa~d ~ror~gage d~bt, and, not !ess ??wn ten (10) days in ad~~nce af ~ht eapiration oi each poi~:y, fo da
~.:rr ro said 110RTGAGEE a~enewal rherro(, toye~F+e~ with a recr~pl fo~ Ihe pre~n~um o( s~ch renewal; and there ~hall tix no fhe or wir~dsronn insv~ants
p!aced on any of seid buiidmgs, any interett Ihe~ein or pa.t t6sreof, untru ~r. the form and with the ioss payaLle as a(o~esaid; snd in tha evrnl any sum •
ai money bccomes payaElc under s~•ch policy or poGcies s3;d IdORTGAGEE shall have ?he opNon to rrraive and apply the wme on accoun~ o( the iade6ted-
~~_•ss setu~ed hereby o~ to pe~rnil sa~d ?hORTvAGQRS lo receive and use ~1 w ar~y p.~rt t~~•rreof fer o~i:~•r purF cses, ~•.~thu~t Ih-r~ o~ .vj~.: ~'~~P~~~'
:n~ any tyu~ty, I:en o~ ~~ght unde~ or by virtue of this mo~:gage; and in fh~ ~ven+ sa.d MORTGAGORS ~haSl iw any rcasan fait fo keep the sa~J premises w
,~~svred, or fail to drG.cr promptty an/ of said pol:c~r~ of inSWdn~g ro sa;d MOR7GAvEE, or ia;: pro,r.plly to pay fu~ly any pre~»wm there{w or in a~y
~~-s~ed iail ~o ptrforrn, dhchargq execute, effec~, wmp:rta, ta~nply wi~h and ab+de by th~s covanan~, or any pa.t hr~eof, sald MORTGAGEE may place and
e+; for tuth insur~~nce or any part thrreof v~~thoul waivin9 w a(~eU~+x~ any option, lien, eQu~ty, or ~ight under or by virtue of this Mort~sqe, and the `
a•nount of cuh and r:ery scth payment shdl be immcdiately d~e and pjyab~e and 3ha11 bear irteres? fran the date thcrcof until p~id et the rat0 0l #
• pir cent~m re~ anncm a~id tc~rfLc~ v:ifh s~xn inter~it sh.:i~ sec~:i•:1 hy the Gea oE t1~~s mprtgaga. '
4. To permi~, tanrnit or suf!er eo waste. ~~~+pairntant w d_ter~crat~on o4 said p~cpe~ry w any part the~eof.
5. To pay all a~d s~~~gular the coats, chargvs and e¦,~ensas. mc~od~ng a reasenable atro~neY~s Fee and cos~s o( ab?tract~ of title, incurred or paid s1
~~~y ~i~r.e by sa~d A!CRiGAG`.E, tx[ouse o~ in ~he e.en! of u~c fa::ure on ~iK pa~t of the sa:d MORIGAGOR to duty, promptlY arx~ fuliy pe~fo~m, d~xharge.
-~ee, effec?, ccmptr~e, co nply wnh and ab.de by e~~h and every the sGyu~ar.ons, ag~eemeats, conciitiais, a~d cove~ar~s oE sa~d ptan~ssory note and ~his
~ r+yaye any or e~the~. and sa:d cosrs. charge? and expenses, raen and every, shel! be i.,.mrci~ately due and payab:e; wfiether w nol the~e be not~ce dr
_ ai~empt to cc~iect oo sui~ pend+ng; a~ the fuil amouN oi eacfi a~~d every wch paymem snall 6ea. in~erest from the date the~eot until paid al the
n~ne: per t~n;:.rn y.rt o~~~i~:~; x.+~d c..i+s, ch.a~Jtis and ~a;:~nses ,r.currtd or paid. Iogether •.v:lh suth interett, sh311 bR xtut¢d by th! lien of thh
~r c.•g~ga.
6. That (e) i~ tfie event of any b~e.+cfi o! ih~s Mortgage or drfau~t on IT~e pa.t oi the MORTGAGOR, or (b) in the eveM eny oi sa:d sum.s Of money
..r~e~n ref~nrd ro be not prcn:pt;y and tuil~ pa~d waFin thaty 130) days next ait•_r the sa•i~e sr+e~a:ly become du! and payable, without demand or notice,
r.ci in rT+e tvent each and every the stipu:at~ons, ~:~recments, tcnd~slo~~s a~d covenanrs of sa,d prom~swry note and tA~s mo~tgage a~y o~ e~ther are nM ~
pro,npNy e~,d f~:iy perfor~n~J. :i s:h3•~. d, eKr:~•.d, e~lectrd. com;,`eted co~•~N;.~•d v.ah a~,d at.,ded ;y, then tn e~sher or any svch evers~ the aa~d ag ~
, :~~e svm ment:~neei irt said prorro»ory ~rWc tiicn re~rair~.:•g ~rpaid, vfdh i~nere>t ~cC~~rd, and a~~ moneYS secwrd he~eby, ahall betome due and pay ~
~ f~rthw~th, or ther?34rt~r, at the cp•~v~ 04 s.~:d ~10k':GAGEE, as fu~~y a~.i cc•nNirfrly as iF ail of thr sald svms of money were o~~ginelly st~pu+ated :
pa d on wch d,:/, •e•~ythir,g ~r~ sa d Fre esory nae or in tF~is b1or:~~g~ ro th~: con~r~ry not..fth;~a~~d.ng; and thereupon or thereaite~ a~ the opt~on of ;
.':,ORfGAGEE, v.~rhvut nor~~e e~ dim~~ d, sv~t at law er in equity, fhEr•.ie~r or t~~_rcatt~. be~ve~, may be prusecuted as ii sll monrys securtd hereby a
e+~rrd pnor ~o as insti~ut~o~. • ~
E
7. ?f:a1 in ~!+e ev_: t that at the 6eg:~~n:~~~ .f or at any tune nend::~g any su~t upcn th~s tdo~tqage, or to foreclose it, or to ~eform it, o~ to en(orce ~
^.r cf any c`~~:~~s F.r~cunder, s,id AtGRTi:,:,~•'! s~a'I a~ pI~ to t~~~ Cau~t h~~u~g ~~~~sd:c~lon shereol ior the arpo~ntment of a Receiver, such Court iha~l ~
..;rh apF.o;m a rr:e~vrr oi s~id ~nu: tga~ed y:r:;r.. .,:i anc s~,~gvla~, u:c:~;i ~~y .;~.d s,~v~u~a+ ti•e income. Frofds, issues ar.d revenues from whateve~
. _ ~zr~ved, ~a:h e^d evcry of .~n,h ch. tnu.g r,:ress;y und:-~t•~_-J. ~s i:r„ry ;rcrrg,~,.d as if spec~fically set foAh a~rJ desuibed in the granting and ti
~ ~,d,.m c'avses F.ereoi, and wch Rcce~+~. sh.~~~ fiaJa a.? th~- L•road a~~d riic-c•:+e i..• c~ e,•n :~+J powen in anywise entrusted by s Court to a Receiver, and ~
s~~ ~;.poin!.:-ent .I~~i3 bc er,~de by s~ch Co;,re es an .,d ~~itt~•d Pyvr,y and a ir a^.cr of a~•s_~!vt< <<ght to said MORTGAGEE, ~~d withoul re(erente to the ~
~ ~,:cy or inadeq~ac~ ol fhe vaiue uf ~he p:oprrty rno•+gaged or to t'~e s•:..~~•cy oc ~:•so;vency of said N.ORiGAGOR d the defenda~ts, a~d Ihai such :
. prur,ts. ±r:con:~, iss~es and reve~ues si+r~l be app;~ed by such P.ec~~.c~ uc.o-d~ q ~o ~b.e lie~ or eqv+ty ol said MORiGAGEE and the proct~ce of auch ~
. _~t. .
i
9. 70 :.l~'y, {:•C~';;t:y a~d +~~~y per!o.m, d~scharge, e.cecute, ef~ecf, compl~tr, cc-~.r:i~ wi~h and eb~de by each and every the stipulations, agreements, i
..~.c,ns an~ WY''''~3~~T5 s~e , om~ssOry r.pte a+:d th~s m.~:'~~ye set (orth.
9. ~t ~n !i:c e~~~-:t ~he ;:~.ne••~~p of the rt~urtgagcd {:re~~lsHS, c• a~~r part ther~cf,-6rcomes ~ested in a person othe! than the MORTE'iAGOR, the
~~f rs u:c-,• ss..rs ci as~~ ::,a rnay, v„i;i~c~~ no+~ce so ~!:F '.'•OkTC•%•~R, ~e.+~ with euch successor or suca:ssor in ~nferest w:th reference to this
~_~e a~ d tte d<c.t ~.~r.,c.. ~•=c...ed ~r tk,e some n.inne• as v.iih .'.'.o~'gogor ,ti~~tneui ~n any way vil`.aling O~ discharging the MoitgagorS' liabihty h~r6-
~ or c,: o^ '!~e d• i.r r:_•e: , ss d ..r. s3'~ cf ti,e F+en,~ses hercby rno~:g~yed and ~o fcrbrarance on the part ei the MORTGAGEE Or its successors
,+,s a;,~f ~~x~,•r:;o~, . • the ;.~yn ea~ o! tt:e dcbt h~~aGy secured g~.en 6y the 1~AORTGAGEE or ns successors or ass~gns, anatl operate
,se, d.scha'~e. r~~d,iy .~~i•s~~• cr :.iiccr tria ~:~y,nei !:,.o,r,y of tne R:GRTvAGGR I.erein, eithet in whole ot in pact.
- 10. ~r ~s s^.~c:f~:a;'y :g~r=d ~i.,, ;~,:,e ~s of rs,_ esse~~ce ef !I:s co~~tracr a~~d t1~at r.e waiver ot arty o~!;gat~on hereundet o~ of the ob[igation sr f
„d h:reby sha;+ rnr f: >~c tner-,.,f'cr ;,e h,:d tu b•: a wrc~vc•r of the 'r:ms he~eof o~ of the is+s:r~ment secured hetby. i
s
ir, _,~.i-i'.. ..7~ . ~ p..-•,-•-.:,rs ;.s F.:.. ;..~t and r.•y;.~red by the pro:r.sscry nore sec~red hereby, mortgagor covenaots ;
.~s ro p~f c-~_a •~,-e h t~. =r~ , e•s . c::i ~.c•~.: srr~ . a•~d b/ moriyagee to Ee eavai to l; l2 of the annual cost of the foflow- f
i
' - A~1 r2J1 F:: .':t tatJi ~c... Or o55•',._.. ~q ~ :h.. a ~712 JeSU ..C(~ .C ai ei-ot2. . ~
^ . _ . ; d c,: the ~mprbve~ne~1S s~tuate on the above desc~ibed premises. i
g P: . ; cn df:'~ ' . : t1.•••.•5', f „r : , . n r ,c•d te ioe carr,.
~ • • . - €
~ Prc o- .~ch a_=•.,`~+ + ~ as :..~•+.,a:;e.,'s~ai! fr_~r '-*e r~ ri~ne deem fit to carry on r~ ban securec! hereby-
~«ortgagee s. r: c rrcr :,=~~r ~•,nNnr~n~ af ~Fe d-~~o.,v Jv_ and p3yabte herrunda. and such sum sha!I thereupon be due and ~
~ u~ :ta.: a, G.. , ot .i p...~ r i.,•,3^e~ch suco~ss~e~ mo~~sh nc~:cyft~r ~otii mertgagee shali notify mortyagor of a change in such 4
Su:h sv *:e s~ a~-`c• a;.,, +..•d i;y =_;'e *o::a d ri~e F:a~~~:enr of real prc~,erty taaes. ~nsurance prem:ums. a•xl mortgage guataMy insurantr ?
.,y - -
; !t; i;:li~~;SS :J:-i_R;OF, tre s~~d F,'.ORiG:~~OR +:as herev~to se` hit hai:d and srei the day an~ear fird sfwesaid. ,
~ SE , Seated and d?i •e e rese~ce of:
~ P ~1lEC r.r~ r}.,;~'S~~
i _ _ ~ - - ;T- ~U~^. ~ ,:~U1r"7~ f~,b~- ~1ft~~C~~ ~ ST~TIET ESeat)
~ P:G: • %•i"R~$ n ;
- - --'-1- _ [t E"r;X .;J~~ G.^~~~~. , Sea ~
~ - - - - - - ~ F ^ , - ; . . ~ ~ ~ °Ct~~ ~ ~5`sq ~
f - - 9Q ~u f ~j . t ts'a1) . '
` ' _ OF FI.ORIDA ' ~U io /M~ ~~7 _ . . ~ }
i 3~'7~ . , ~
St. Lucie ~ ~ ss. ...i_,
; . .-Y ~F - ~ s~ .-a'~s~ ~ r ~
; . . - :
: Lawrence E. ~1ostetler - ~
; Before me perio~ali~~ jPp_rred - '?~{!'~r~i~ . ~ . }
~ Annette Nostetler
- - - _ _ his wi{e, to me well know~ an~~}~ n~ ~me ~ tp~~l ~ . ,
d.~d~a's descr~6rd in ar:d who e~e~uted the foregoing instrument, and acknow:edged before me that they executed ths~•;arrid ~r1t~Nw(~Q3~; , y
~ ~ expreassd. Ar,d rhr :~:d-_ Annette Hostetler ~ 'k; *
. cf the sa~d _ _ ,_L'aWrenCe E. Nostetler _ y~~~~ ~v~ts ~
.~at~on by me ta:en s~;arrtc tnd ap,rt frc•n her sa~d husband, atkrw•.vledged to and before me that ~he exeGUted said instrurneat freelr ;qd'voiun-
• ; ar.d w.rhout any co-nu~Ss~on, co~.stra~nt, e, preh~ns:on, or fear of or from her saed husfwnd.
V~IiNESS my hand acd off;oai se=.l th:s ___29th--_--_~--._ dey oi___-- A Y11 A. D. 19 7S (
, ~ L~~~~. i
~ Notary Public in and for the State of fbrida at large
My Commission expires: ~
Retum TO:
•st Federal SaJngs 8 loan Assoc::,t:on r' . . ~.l:-, S'r:' ~ : i•.. '.4 :
i ~
Gc :r,:t V . •c.., . . F.p: .
fon P~~.,c.•. F: ridj A:~. :::an Eir~ i. 1~:..
This Instrument Prepared By J. ttal Roberts, Jr.
F~rst Federal Savings 8 loaii Associotion gQQX~,39 P~~f
of Fort Pierce ~ "lorida 33450
~
C! ~ecked By -
i
; _ C sw ~
_ . ' ' . - _ ~
~ _ . _ v~:~
eu'-'.~'G.r.r+=... a~.n .v~ r _ 2 . _ r . . . . ~