HomeMy WebLinkAbout0744 3. To ptate and co+ilinuousiy Reep o~ ~he bvi:J~ngs now or li~:rei~er utw~e on s.,~d ~a~xl and o~ atl rqv~H~~~rnt and personally co~ered by thi~ mor?g-
ege, writh all prem~ums ~he~eon p.;d in tuil, I~re insure~~cr ~n the us~ei uo,derd F.,,..cy lo~m, m e wm aFpru.rd by the MrJR~G%~GCE, ar~d Mnnd~turm
;r.nurence in the us~al steniiard pol,cy fo.m, in a,u~n .pp~~ved i~y ~he 1NJR'G :GiE, in such canHony or com~>s~;es a~ ~he MORiGAGiE may
d~rcd; and all lire and wind?~orm inw~ance po~~c~es on any of s.,~d bund~.,ys, any ~ntertst Hi.:~e~n or part ~Aer~,i, in t6a aggregert sum ataesaid or
in excefs tha~eot, ihalt :w,tain ttu uiual ~t~nderd moriyagee cla~ne o~ s:+ch orher ~keusa as the hlortya~ee may rtq~~r~, ma?~ny tl~e +o~s ur~Jer sa~d poi~
crs, each and every, pa,ab:e to fa~d AIORiGAGEE as ~ts inicr,.st n+ay appcar, ar~d c•:,_n .,nd e~cry iuch po'.c/ s~.all h~ prcmptiy assgnrd o~~d de:ivc~ed to
any held by sa~d MORiGAGEE as funher secwity to said murtyaye d~bt, acd, not iras than ten (Ip) da~s in ad+a~~ce of the eap~i•hon of ea:h poi~cy, ~o de-
t,~ar to sa~d AIURTGAGEE a renewal ~hereof, togethrr w~th a rrce~pt fur the pron.Lm al such renr~a:; and there ahall be no t~re or wi~~dntorm i~s~rante
place~ on any oi ssid bui!d~nys, any in!erest there~n w pari th:reoF, un!~ss :n :h- lorr,~ a~,d w~~h rl~e Icu payabte as afcre:aid; and i~i the erent a~y sum
of money ~~pmef paya5~e ~r.der such policy or pol~c~es sa~d MORTGAGfE iF.~ll ha•.e rfw oNt~on ro rew~ve a~~d apyly the same on ecccwm ol Ihe indrbted~
ncii aecured hercby c~ 10 prrmit 3did MURiGAGORS t0 ~CC•_'tve ind USl~ if W ~'i~ ?~t ~I~.•:~-,} IGr ot:•~~.• {:ur;cSC3. v.•tii..:t th••.o» ~..,.;:~.i.n~ C~ nnpair-
+ng any ~qu~ry, :icn or right wxlrr w by ~irtue oi ?his morcgagc; a.~d in the ev~~n~ sa d MO~i(~AGORS shall 'or any reason fail ~o kerp the sa~d pram~sts so -
inwrMl, or fail to dcl~ver promytly any of sar,l ~o4c~es oi ir~aura~ce lo sa~d /AORIGAGFE, er iai! prornpily to pay futly any pre,ni~m therefw w in a~y
rrs~t fa;! to Ferform, diuharge, etecute, ~tiete, canple!.~, comaly wirh a~~d ab~de hy :his covenane, or ~ny par~ hrreof, said MGR?v~GEE m~y piace a~d '
pa~ fw such ins~~.=nce o~ any pa.t ~hereof wnho~t waiving a afircting an~ c;a~un, ;ien, equny, or ri~ht unJer or by vinue of this hlongage, a~d tht
i,'I amcunt of each and evtry svch ~;~ymenf sha:l be ur•:r~ed~a~ely J~a and p.+~aL!e a~~d shai! 6rar interest from the date tne~cof until paid at the rote ol
e pM crntum j:er a~;-iLm tn~r:n~~: .~;Ih au.li ~nrr•.-st +h~:! c»~ acc.;r.~d 6y Ihe ~ien Gf thia mo~tgayz.
4, io permi~, cort:mit or suf(e~ no weste, in~pa r~nent w detrr~orot,un of aa~d Eaof:erty or any part thereof.
5. To pay all and singvla~ ~he <aata, cna~ges and expenses, in~iud~ng a reaso+:abie atromey's fee and costs of abstratls o4 titfe, inwrred or paid a1
~~,,r ti•~~e by sa~d ~tORiGAG:E, bec~usc M~n tlk r.z~t of tt.e la:;urr on the p.~rt oi ihe sa;d M~RiGAGOR to d~ly, pra~~ptty and fu:~y perform, d~schaf9r.
_.~cu!e, efiect, to+r~plete, compl~ w;fh ard abde hy each and ~.ery rhe ;tip;;'at;ens, agr~emenrs, cond~t~ais, and covet~anrs of sa~d pro~~~~ssory note snd th:~
r~•fgage any or E~~her, and sa d coats, cha~grs end eYpanses, ea~i~ and every, sha~i t>e imm~~d~ate!y dve aml payatle; whelher p no~ there be netice dw
^.3^d, attempt to coltect or suEt pe~~sl~~g; arsd rhe full a,nounl ot each and e~e~y such paymem shsll bea~ in~ereet from the date thereof until paid at the
r nir.: per ccnt~:n ~•_r arnu.n, and ai: sa~d cc,s•n, ci~.~.3rs a<id ~a.rr,ses ~iKu:rrd or pa+d, toyathut .v~th such ~ntrrest, shall be sptvred by the tieo o( this
me~tgagc.
6. That (a) in the erent of any breach of this Mo:~gage or defautt on the part of ~he IJlOR7('iAGOP„ or ;bl in the ev.M a~y of sa:d svms of money
he~ein refrrred to be not p~c~r,ptly a~cl fu,ly ;sa~d w~~nh, th~riy ~30i days neat c•~rr ~he s..:»e se:era:ly become du~ and payabfe, wilhovt demand or notice,
cr !Q in the e+ent each and every ~he stiou~ancns, agreemenls, car,d~:,o~~s ar,d c~~leadnts of sa.d prom,ssory note and th~s mortgage any o~ e~~her are not
prom, Ny and t~:~yf a~1{O:TC'd, (3 S:~~Y.q•:;I, CeC:vS:t~, t:iecrcd ro~n~ Iesrd, co^:;.:.ey v.~th a~~u a1.;ded Sy, then ~n either or any su:h event ~he se~d ag
aVc3ate su~ mem~or.ed ~n so~d pron~;sscry nete t~ien rCmaini~~g unpa~d, w~th inir~r,~ acc;~rd, a=~d a~l mon~~ys secured hereby, shall become due and pay-
en.~ fo~thwifh, w th~teaf+rr, at !he cp'.ui o! s~:d Il!G2'GAGEE, os fu~iy a~d con,~:rr~;y as ii alf ef t?,r s~~d sums of money were or~ginally shpulaled
r-, E,e pe d O+~ svch :icy. .~nyth;ny ;n ;a u prc n,rery nate cr in ~hn I,AOrtg3g? fJ ~fie cc~~r,ary not.v~rhsta~~d~.ty; and there~pon w thereafte~ at the option of
s:; .MCRTGaGEE, witF,o.,t r,or:ce cr de~. +~~d, s,,:t a+ lew r. in equity, ihe~e;ore cr t:•;~re•aife: i>eg~n: may be proaecuted as if all moneys secured hereby
•,..i ~~arured pnor tc ~rs ~~~s~ifut.on.
7. That in the event ihat at sne bey:nn:,:g of cr or any r~:~,e pendh~y a~y s~~t u~cn USS Vatgage, or ro foreclox it, or to reform it, or to enforce
.-n:nt of any o,~ma hareur~der, s~iJ lfiJfTG:+:~=E sti.o.l .;ppiy to the Co~r+ i~a.~~~g ~id.r.mn ~h,rcof (or the appo~nMtient of s Receiver, such Court shall
~ •.:irt. a~;cc•+nt a reCri:rr cf s: ~d ~r.~xtga_•d prc;:. rt f.:: a,d sv-.3u:ar, ir.c:,rJ ~~g o,. ;..~d s~ngu'ar the ir.con•e. profita. issues atid revanues from whatevet
.•.?e•~+ed. ro;h and every ot a, ,=h, .r t,.•.r~q c,uess y ~~,d~~st~ J. ~s h.r_~.r n ~.~.-d as ~f spec;ficaily set fo~th and desu~bed in the granting and
~~du~n c ~oses hercot, a„d s~cF Rece~ver sha~i h. ~e ~It the 6:: ~o a~ ti e%{fC4••~ t~ _ _:S an(j Ppy`e~i in anyw~se eroruated by a Courl to a Reeeiver, and
s_~ aF,puintmen! sF.a1: tr_+ n:ade b~ SVCh CGVtt as an ad:nirted eq~:ity ard a r ae~e~ cf ; ~ti,; i.~~. ~;y~~ to said AiORTGAGEE, ansl without referenee lo the
~_~::y o• inadeq~acy o! th~ vaEue of ~hn pre~;~_~ry R.o<<gaged or to uc,• :c•.~_ccr ~r ;o.,.~cy of aa~d I110RiGAGOR or tha defendants, and that such
•s. Frot~ts, income, issves ar~a re~e~~~es shal! be ap~;,ed hy s~ch Reca~ve~ accoro• n~c• the l~er. or equiry uf sa~d MORiGAGEE and the practice of such
..o~:•t.
8. ic dv'y, pr~.mF.t,y a^d fui~y perfor:n, d~5:ha•ye, execor?. effec!, mmµ'.cr~. co:e~,~ly wfth and abide by each and every the stipulations, agr~menis,
. ~~.t~,r3 dn~'} CJ+Pna:VS ~n SoK~ prOmiiiOr~ npte a:;tj Jn:S m~rlyJg~ sr~ fortn. . ~
9. ;~.at in ;he e.-r+ :ne c.v:~ersh;p of tF._• mor-g.,qed p~r~o~s~s, e~ anv pari tieereof, becomes vested in a pe+son ether than the MORiGAGOR, the
. .i ,ri-~vf~. Ilg g,.,•~~_:._ . :5::~..~i, r~t3 . ~r:i~'.O.•t ~:1t:C? IJ 17!N ~ '
y r ~ IJSiGi~JR, tl_a~ w:th s~ch wcceiso• or successor ~n ~nteresf rv~~h reference to this
'.~o~e a, d ti.a ;i 1r._`_:'y ew~eJ in same r.~:u.e• as w~;h V,oriyayor w:th~ut ~n any ~vay vitiating or d~scharging Ihe /~lortgagorS' liabi{i1y
hEre
~c^~~ r~„ ="T ^<r~•.~r~s._, ~~~1 fvc s.. c.f :i.~ ~~;•,,is••s ti_reoy :~~orty,grd ar.d no tor+„earance on the pan of the MORIGAGEE or ds successors
_ ~~s a.d re r~ a~ eE rn~~ r.:. ~ t; , o' ri,_ G~•;,• t:• ~•:i,y sec~rrc g:~en ~y ~he NtORTGAGEE or as successors or ass:gns, a~:atl operate
_~.:,sr, d s~~_rge, mcci r~ ~F:;)f:_~ {J7 a! rc; the c- ~~~n~ h,i;,l.t~ of +ne h•,ORTGAG~•F herain, eitner in whole or in pa.t.
10. It ~s s:.cc !r. ~.i~ : a~eed ~~~ar r~~na ;s o! iEl:: PS52:~:8 GI •1:~s cor.frau and thet no wai:rr of any ohllga+~on hereunder w of ?he obligatan sr
:~~i n:reby s!~a:. ar any n-e th_r~airer ~e !~t-:r1 to a wa:.e: ci rh._ terms f.e~e~f cr of she ir.strumem seturrd herby.
1I ~ • . : ~ ~ ~ , ,.S ~ i,, , >t :.;~;~,:_d b~ th~ promsscry no'~ sccured hereb~. mortgag~r Covertants
. ~,,,:Y r_ r 1_. v. .F ~~.t . ~ c.I 0' Z' S,'i ~5'' • a' CI morraagee to be eGual to 1`12 of the annual cost of the foliow-
A-Ri; rcat p~or...ty ta,ces _~v~ed or asses+~,~ ~y:i• st :hc ~:~~o-:o ~a;,. :.,<d al es~a~e.
. 6 P:- ^ r~~~T G:~ f~r•~ ar;~ v~irs45'o•~r. in5~.:•_rta as n•?:~•in rcGu.rrC~ to bC [arr~^Ci O~. thC [mj;rOV~•:12:7tS SitudtB On t~; above d~scr;~d pfEmiSC3.
~_Pr•= < o' ,.'=h ^';,•r:: q,; . i~ , mo•:;~ a;.,,• st:a:! fr..r t~. _ r.~ h•^e deem fit to carry on the loan secured herebY-
~ v~Ort~::aCa~ 5 . . 'r~~r : }O t;...,e ~.._.:i~~ .;~c.r.,;.,~. ~r ~r: .r••t.r: of fi:f a -O.:~t! c~_., 'r. ~
J 9 ~ d pa~ai~,e hereunder ar.d su,h sum sha!I thcreupo~ be due and
c~ rh= ci ~xr : F_, n. ~.,.c!~ s~ccess~ve ~ o^r~~ e:r.:,r ur.e; mcrtgagee shall notify morfgagor o( a ehange in w~h
.~•1- c~.h s~ms 5'3.~ _ 2Fii'I~•{~ , r y _.,:.a•d r;-,~ pa,:~ent t,f r.:a! prcper.y !a:es, insurance pre:r,.ums, and mortgage g~aranty inw~ance
• .,.~m.s.
i?~ ~rIT.`,E~S '::N:Ri:~:. ':-a s3~d E:~OFtv~'v;:R i,as 'r;ere._ ;ro se! his hard and seai the day and ye firat aforesaid
S~gned, $ea~ed and de' retJ in t presence of: .
iiLEi~ ~~LG~G~D _
( ST.iLGi: ,..+:+11Y fla . . ~'~ss~~ -
R~,,' ~
~ ~~a~?~ Kennet . rumm ~a sing ~~dul
~ - - - - ~U_F,. `.,~1? £CUR'
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~ ~ MAi 1 2 ~7 PN ?5 ~
i ~ E OP FLORIDA
( " !1TY OF St. Lucie ~ ~ •
~ ~ - ~ - - - ~ - - ' ~ - ~ ' ~r :
~ Before me persc~.afiY aF,~°ared _j{erlAP.t~I Drummond ~ 3 sinple. adt~?,t~'.j+''.
~ . Y^.. a
. - - ~Mlw7~l. to me weMl knowo and kr4ovy~ to me to ber-:
y ~~d~vidva' descr~b_~ in and vv!-o erecuted the foreqo~ag instrument, and atknowledged before me that he executed the sarr~. fd! t~ie' purpose+~~_
~
4 e n expressed. ~4T1!l9RErs3~tl~ ~
€ " ef-sh~ se r! - - _ . _ _ _ - - - ept~1! ~'!(~~1!'ntM~ p'~~ ~
~ ~••,.Tane~.-br~+re-rskER~pa+ar~ar.dap-rtrht+++,~ltrrsate~+osLa+~-at~naA:pi~etl~aa~rtlli~fbrt~'ttratsHL'P~TJte4f'stt~t~ttld~t!!fT'f~l~~y~Rll~i~F
i ~~7 ~wd~w~+i~s.» ~wyr<~~wpiAeorr, tenr.rein* ~e}~,t~t~i!en~Mr+-er-fear Et+er-(~rn#Rt~aid husbofrQ' . , , • O ~ ~
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YI~TtiESS my hand ar.d of!ir.al se~i th,s __~_f~l---.-- ~~y of----- ~ a~t v~~~~1~~.~`'.
:
7n,...~~
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Notary P~biic in and for the State of Florida af ige
~ My Comm~ssion expires:
Ret ;m To: /
r:rst Federal Sa.ir:gs 8 loan Ass~::at,cn
~ p. r~.~ P .
Forr Pi..rce, ii-~~;d~
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_ This Insirument Prepared By J. ~'.al Rober ts ~ Jr .
First Federa~ Savings 8~ loan Association
' of Fort Pierce~ ."lorida 33450 a~~~~~~ ~
~ PACE ~
~ Checked By
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