HomeMy WebLinkAbout0740 3. To place and CpM~nUOUS~y keep on thr b~i:d~ngs ro v or hereoFter ~n~.,fe on ti~:ci ia~.d a~d on alt .•q,,~p:~,rnr and peraonally cover~d b/ this mortg-
e~r, w;~h all premw~ns thr~con pa d ~n full, hrr iniura~:ce in ine usu~l sfen:le~J F,u:Ky torm, in a s~m a~.pro,red by U+N MORttiAGEE, and wmduo~m
,,;rente in- ~he ~swl srand~rd poGcy iorm, in a a~m aprroved by tne M:.IRTGAGEE. m tuch tompany or Con+panirs as. the MQRTGAGEE may
c~,rrtt; a~.d all liro a~id w~nds~orm ]nsurance poi~c~.•a on any of s~~d bu~'d~ngs, eny inrereer therein ur pa~t thrrcr>(, in ?he aggrega~a s~:» afwesaid o~
~n racess thrreof, sh~~fl :onta~n the uiwi sto:~:dard mo~ty~gee clause w such oche~ cieuse es ~he Mo~tgagre mey req~,~s, meAing ~he loss under se~J pol'r
c.•=s, each and avery, paya6le to said A1JR(GAGEE as ~ts ~r,tci~•st n,ay appear, a:~d ea.h .,nd ev~°ry ,~ch po~~c,r ~f:,{I I,e proe,ptly ass gned a:~d de~~+ered ~o
e~,, hetd by sa~d h10RiGAGEE aa furrher security to seid mori9age dobr, and: no~ tess ~han ten ~10) da~a in ad+ance of ~ha expi~at~on ol each pohcy, to dr
;,.rr ro said MORfGAGEE a renewal thrrrof, ~oge~her w~th a recelpt to~ the prnmium of sush re•i.:~ai; and Ih~re shall kx no fue or windsto•m insurance
p!eced un any of said bui!dugs, any interest ~herein or part thrrroF, ~nir» in ~i~c torm and with Ihe loss payeLle as afo~esad; a~d in ~he evenl any sum
o~ money bc•comes payab!e vnder wch policy or poGaes s,~~d MORiGAGEE iha11 ha~e ihr opt~on to rec»ive and app:y the same on eccoun~ of the indrbtrd-
~:ess secured h2reby w 1o permit said MORiGAGORS to reteive end use it w any ~~:•rt tl~•:;co} tor oti'~ r pir~:oses. c.+tho.,t ~h:..a~ ~n;~.i .;r ~o~pa~r-
Ing any equ~t~, lien or nyht under or by virt~e ot tAis mort~age; and in the aven~ s~ d AIORTGAGOR$ shall for any reasai fai) to keep the said prem~~c~ io
ns,~ KJ, or fail to delivcr promNtty ~ny of s~id ~wi~cies c•) insurante to said MOR1vr1GEE, or fa~1 prou~ptly fo pay 1~{!y any pre~n~um thcrefo~ Or in a~y ~
r~:; ecr fail ro peifwm, d~scharye, execute, eflect, compiete, canply wi~h and ab~de by thn coven~:~t, or any part hereof, sa:d MURTGAGEE may piace a~•d ;
fo~ such insurance o~ any part thr~eof w~thou~ waiving or atfrcling any op~~on, iirn, equ~ty, or nght under o~ by virtue ol this Moitgaye, and the #
a•no~rn oi cach a::d every s~ch peymem sh.~:l 6e immrd~aiely d:e and pa jaE,te a~,d si~~ll baar inte~est f~om tha date thr~cof until py:d at the rate ol ~
e per centum per arr,~ a,~J t,.~et! rr .ti~+l~ su:h inr~r~sr sh.~:~ ~e s~•c:,r~~d hy ~he I,en of th~s mortg~qe.
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4. To perrn~t, tommit w sufte~ no waste, i~npa~rinrnt or det~r;oraKOn of s~~d proy.erty w any pert thertof. ~
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5. To pay atl and singular the casts, chargea and eapenses, ~nc{ud~ng a ~zasonablr atraney's fee and msts of abstrocts oi title, incu~r~ or paid a! '
~~~r:e by sa~d MORIGAG`_E, beca~se or in the event of the tal:ure on the pan o1 ~he sa~d MORTGAGOR to duly, promptly and (uily prrtotm, d~x~a~ge. ~
_.cc~te, effeU, canp:rte, co•npty w,~h and ab.ue by each and every thN st~pvlaa~ons, agr~emenrs, cond~rions, and cove~unts of said p~amissory note and this
_~r:,ege any or e~rher, and sa:d casts, charges a„d rxpenses, ea:h and every, iha~l be immed~alety due and payabte; whethe? or not tF.ere be notice_de
a!ternpt to collett w suit pe~-d,ng; end rhe full amouat of each and evcry :vch p.+ymeM shall bea~ iroerest from the date Ihe~eof until paid al the ~
nine pe~ ctmum ~rr an~,,;:n; r_ ~1 a~l sa~J c~•s~s, cha~3es and e~..•i•srs inc~rrcd or paid, togalher wdh such ~nlerast. stwl) bO setured by the I~en Of thif
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b. That (a) in the event of any breach of thls Mortgage or driau~t on t1w part of ~he MORTGAGOR, or ib~ in the event sny of sa:d suma of mooey ~
Fr•r•,!n referred ro be not promptly ani fu!ly paid w~~1un ~h:rty (30) days arat a~~e~ ~he same seve.a:ly become due and payable, without demand o~ notice,
; r c; in the event each and every the snpu'o~icns, agreeme~ts, ConditiCr.~ and covenan~s of sa d pro+nissory note and th,s mo~tgage any or eithea are no1 ~
1,-•,, F:;o:~~ptly and ful~y pe~for~ned, d s;ha•~^J, exew:ed, eifeued, co~~~piernd, co:r.p .ed wnh and ae~ded hy, then in enher w any such eveM the u~d ag-
~sra sum men!io:~ed in sa~d prom~sso-y r.cse th.n rema:ning unpa~J, w~th mtrrrst occued, and ad moneys setured hereby, shall betorne dus and pay- ~
;;v~+i~w~ii~, ur ti~erroi~~r, ai !ne cpr~ai or s.~~o AIIiKIIaA(att, as tu~ty a~d .ornp:rcr:y os il aIl of the said aums ot money were or~ginally ttipulated }
r; t: • pa.d an wch d~~, a~y~i,~ng ;n sa J pro••+;ssory nore er in this hlortya9.r ~o the co~trary n~twithstanding; aiid thereupon w thereafter s~ the opt~on of ~
s~:t MORTGAGEE, w~thout r,~ti[e or Je~nand, su~t at law or in equity, thereiore or tt:errairer begun, may be proaecvted as if all moneys secured hereby
~ ~ rna~uted pnot to ~ts ~nstitunon.
7_ Ti+at in ~he ever,t that at ti~e beginn:e:g ~f or at a~y :~m¢ pend~ng any swt u~.-on thi~ Mo'tga9e, or to foretiase it, or to reform it, or to enforte
•cnt o! any c.,:n;s he~eund~r, s~~d h'.ORTG~G~F sna;~ ~ppty to the Cowr ha:u g,~.~:,<l.ction rhr~cot fur the appo~ntment of a Rece~ver, wch Court shail
~th appo:m a ~~:ei.er oF sa~d r..,.~!~,~~~i F~.c,:, •?y ai! asd 5~~~y~:ar, ~nc~•d ng ~~~c: v,~v.er :he ir.cort~e, prof~es, issues ar.d revenues Irom whatever
~ c derl~ed, e~:h and every of wh ~ h, g eap:ess.y u~,d_~stoe:i. is ter:u~ mo~~n.,gcd os ~f spec,(rca~ty set fo+th and descnbed in the granting a~d
~.dum c auses t.ereor, and wch RcKCI~e: sh~t; Fa ~c a'; th._• tr„ec{ a^d efiecr;re i~.~~• ~•,s and pe~we.s in anyN~se entrusted by a Co~r~ to a Receiver, and ~
s. n 3pppintment shst: be made by s~~ch Covr~ as an ad~„nr~~ equify a~~d a matter cf a_,so~v~e r[yht to sa:d MORTGAGEE, and wi~hout re(erence to fhe ~
:,~_.:cy or inadeq~acy ot tF.e va:~r oi the ~ro~~.rry r.~o•~gaged or to the se...~c~ or ~~~:c..v,:ncy of said MORiGAGQR a the defendants, and ~hat such -
- s. p~ofin, ~nco•~~e, issves ar.d re~ar.ues sha;E be appSed by auch Re~~~.e~ ac.c.rc :a io the lien or equity of said MORTGAGEE and fhe pradice of such ~
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9. To du'y. G'.•:-; i'y and i~iiy per!o~m. d;sc63rge. eaecu+e. efEr:t. com~~:et~, to~.p4y with and abide by each and every the atipulatrons, agreements.
_r~s ar.d c.,.cr.an~s ,n _,,.:i orom;ss::r~ :,vte !h s:. artg~3~ s~_t forth.
9. at m:h~~ e.:-•t tt~e c:,^e~sh', o* :i,•~ r..:rt_.aq_d j re•~ isc-5. G~ r~~r p3•t ti,ereof, ~ecumes vested in a pe+wn other than the MORTGAGOR, the ~
. .:>E: ~is so:c•_s:.-s .,•.d 3z~.~~,i. ..ay, :.oa.ce !o r~,e :',.;RTC::.J~. d~ai r:,~n svch wctrssor or successor in interes~ w~th referente to th~s
-_-e a.d :1~_ ,^'.::.t i:c~~_;~y s~:c~ed ~r: tr_ s~m_• r.~,,r,r,~r 3S Ii ,..;.rt~a3or •a•~thcu~ in a~.y :vay vit;atiny or ~1~stharging the /llortgagors' liabilify here~
-vr v~on th~ d,Gt ~~,:~-s~o.:•_u Ko s~ e cf ti;~ F;~~r.~;••s F~crrO/ rr:Crtg:7ge:{ and no icrbraronce en ihe part of the MORTGAGEE or its Suttessws
~~.s a d~a e.+e.~=.o ,t F.c T: :n;- y ,~.t i~ dr~• h~~_o,, s~r„red gtven hy the lAORTGAGEE of ns successors or auigns, shall operate
• .,se, d s;h~rge, mcdf, _~~~g_ o~rie:+ ?he ~ y.~,~i ua!_:~+t~ of ti~e N.UFTGFiGI~k I:erein, edher in whoie or in part. ~
1J. It ;s spec'::>i,~ aorcrd ihjr ~;:ne ;s of tt,e essercr oi tt~~5 co+.t:o:t and that no waiver of any ob!~gatfon hereunder or of the obligation sr
. :i 1,~•eby sha ~ t any h th~~r~,~nir Lr ~'j to b a v.d~~.cr e~ tna terms hrrcof or of the instru-neN secured {ierby. ~
in i.i .o r ~ r .~s c;,,~ .,~J ~•.•~res+ requ,~.,d 6y the prom"sscry no~c• sccured hereb~. mortgagor eovenants
..~s tu ~:y~ !o a..o:t,~,y.,c ..~•r. y: .~.t an a_ ..~.al 5,~-, ~s- • ated b~ r.:orlJagee to be equai to I:12 of tfie an~ual tost of the follow-
i+-AI: r_af E:roj:^rt~ !ex:s e~r_'~ O~ a55a.SC.,v ey-:~ _ fi:_ ~nO~e d•'St-,;-:~ rtdl CS'~te.
E~':::::.~:-s c~ f~r: and .t~r:lstn'rt. ;ne~•;: ce as ~ r:eir. rrq~:-ed to ix- ca•-itd c~: ~he :m,.rov~~neats s~tuate on the above desa+bed premiaes.
C-Fre" s o:~ .,cn r.,~ g..ar~:,t; ~rs~ra:.ce as marr:3j~ee :ha+l frcT ~-r.c~ ro f;mc deem fit ro carry on the {oan sec~red hereb~.
'..u•.g.,ge~ y•,,.. f•cm tr•-.. tu ,e ~ro:rs.~~or ;n r.r:tng aj !fie srco.;~t d~~ ar.d aayabte hereundrr and such sum shall there~pon be due and
= cn th•~ d_~e d<,!e ei •ne ,~_<r :-o,rh ~ F>.;;n:..,,r a~,d e:~ch suc:ecsive nc-~ih r.,._.r~-aft~r u~.~J mortgagee shalt notify mortgagor of a change in suth ~
Svch zu~rs stX; ±-.e ap,: ~ed uy ;n~r:y,y,~ :c::,~•~ t±~,e ~,;yn,ent ef real ~.r~FErry taxes, insurance p~zm.ums, a~~d mortg~ge guaranTy insurance s
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' iti '.7lTNESS ':rH:P.~OF. in> sa~d N.OR'+GA:,Ot nas hcre.,nro set his ha~;d and seat t e day and year first aforesaid. ~
' Signed, Seated and delivered in the preser,ce of, ~ ~ • i' ~
f~IEU ~!t:'• A_LCADE~ ~ ~
- - - ST. WCI~ vOUNTY fU. _G ~f (Seal) ~
j ~ ac~_~ :~;~~R~s ' ~
i _ _ ~ - - CLf_9K. :;r.~.i1t CCi1AT d-- Sea1)
~ RErQ=r VF~ F'~D ~ ~ (Seaq ~
i ; ~~-~t-tl.-L~ - ---L` - 3
M~Y l 2 3~ PN'75 ~
i UF FiORIDA ~ ~ 30`~495 ~
` S t. Luc i e ~
~ ,~;~~r oF ~
Michael J Cannon ~ {
~ 9efore me persoralli aFAeered ~ and ~
Constance M. ~annon ?
- - h~s w+l~, t~ me well known and krtown to me to ba `
a 3viduais drscr~bed :n and who execu+ed the foregoiny instrument, and acknow:edged before me that they eaetuted the same iw the purposes '
~ ' ~ expressed. And tne ss~d_____COtIStallCe M. Cannon - ,
` o' ehe sa~d ~''11C}]dE'1 Cannon
~ ~ _ - - upon a separate and private
~ • -3±~on by me raxcn separate and apart frcm her sa~d husband, acknowitdged to and before me that she exetufed said instrument freely and voluo-
i , a~:d wahovt any ca^~pu'sion, consrra~nt, appre~e~~on, or fea. of or from her sajc~ay~„d. 75
i ::17;:ESS m hand ar,d c~f~c:a~ s~al th:s [l
3 Y - dd'/ °f---- P' A. D. 19
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Nctary Pubfic in and for the tate of fbrida al Large
My Comm~ssion expires:
Retum To: ~
~ ~;t federai Savir.gs d~ loan Associet.~n ~
_ Gf Fort F« rcr. l:^:'•'ry ^~•^T ~r cjr,TF M fLORIDA at LRRGE
a Fort Pierce, F~~•icij ~''i • E. . 1,~.°1. 7. 19l)
a ~ Go,~.; .
T J , Ui +as~r,ece Ca " .
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~ This Instrument Prepared 8y Richarr~ K. Ka,yes a. ~..`~:;;'~.4~ . !
- F~rst Federal Savings 8 Loan Associalion y~ :
~ of Fort Pierce ~ ^lorida :r~%
~ : hecked BY - U D ~ J = ; m =
; BOQK ~9 PAGE ~38 - ' ~ : 4 = }
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