HomeMy WebLinkAbout0831 3. To place and continuously keep on the b~~:J~nga now or herraftrr s~h.;ate r,n so:d tand anJ on all eqv~}Nnent and perwnally covr~rd by thit mw~g-
ege, w:~h ali p~e:ni~ms ~hrreon Na:d ~n i~~~, f.:c in_„~,~ c:- ~n thr ~s.,~i sfa~~o:J Hoiicy iorm, in a sum aFp~o+rd by the MOR~Ca:~GEE, and w~nJsrurm
;nwronce ~n the usuai ?~anJa~d Fot.cy lo~m, in a:um aNp~ovrd by ihe MORTGAGEf, in such company or compan~es as the A!021GAGEE may
duect; and all I~re ard w.ndatorm ins~ra^ce potic~es o~ any of s~~d b~~!tJ~nys, a~~y intercst therein o~ part thereof, in Ihe ay9rtga~e sum ato~esaid or
excess thereo(, ihall :ont,~in the usual s~:~~do~J rnor~yagee c.ause u such o~her c;iuse as the Mortga~ee may requue, r*sakin9 tlro ~oss w~er sa~d pol~
c~es, each and erery, pa,»ie !o aaid 5~1•JRTGAGEE as ~is :.~rer.•st mey appear, ,•id .:a~h „nd every auc!~ po~..y ahall i~e promNt•y assg~~rd e.~d deiwa~ed ~o
any held 6y said MOR?G.AGEE as fur~h~r srw:~ty to said n.OrlyaQe dr4t, ar•d, not iess than ten ;tQ; da~s in sdra~~ce of tha rxp~ranon of each poficy, to de-
+~~er to aa:d A10RTGAGEF a rer.ewal therrol, ~oye~her wi~h a r.•ce~pt for the pr.•~:;~ of such reneh.+i; and th~re shall be no f~~e o~ windi+onn insurance
p!aced on any of soid buiid~~~gs, any interes~ therain w part thereof, uni~~is ;n :he Ier:., a~~d w:~h ~he Icia payab!e as afo~esa~d; and in the e+eM any sum
oi nwney beconx~ pa~abie under wch poiicy a pol~urs sa~d PAURTGAGEE ehaH have il~e opnon to reczive ~nd appty ~;~e sarne on acco~n~ oi ~he indabled -
ness setured h~reby or to µer.nd sa:d A10RiGAGORS ~O r: trice aiid use it w on/ {,~rt 't,•~:••of ior o:i:rr ~:~r~ ~t.•s, :.~tno.:! th; n... .v.:~e~."~ or ~~npd~r- "
~ng any equ~ty, L~~ or right under or by virlve of eh~~ ~ncr`yaye; a~d in Ihe ev~nt sa d MORTGAGORS thal~ for sny reasoo fail to kcep +nc sa~d prem~s~-s so
!ns~~td, Or fail fo de:~vcr pro:nptl~ any of s~~d po~:c,es of ]ns~•a+ue ro sa;d MOR1GAGiE, or fa~~ pron~ptiy ~o pay tully any pre~n~u~n thcrefor or in any
r~~spect fail to perform, dscharqe, eaewte, e~~~'t, co~e~p,ete, co:t~~.iy w~+h and aL~dr by th~s covenint, o~ a~y ps~t F..reof, s..~d MORT;,AGFE may p:ace a+~d
F~ay fw suth inwr.snce or any Fa~t th_r_of v~~thout weiving or affechr.g any oy~t~oei, ~~en, equ~ty, o~ right under or b~ v~rtue of this rAor~gage, and the
4~;1 amoun~ ef each and e.e+y sr:h pay~~icnt shat~ be ~~:n,ed%ate~y due .~~~d payai>'e a.~d sha:' brar ;nte~est from thr date tM:~cof ur.til paid at the rote o1
.~e pct cent~.n ppr annue~ e~~d foJ:•,h.:~ ,n~'h s~:.h i:~t~~rrs• s+~.~~~ !~r se:..~~•d by ti~e ~:~n of th~S ~~Ortyage_
4. To pe~mit, com~~it or suffer no v.aete, impa~r.,~ent or desr~~orar;cn of s;~d ~:roperry or any part thcreof.
5. To pay ell and singuia~ tiro coat:, cAarges and eauenses. ~~~ctudug a rea,oaab!e attorney's (ee and cos+s o~ abstracts of title, incurr~ or paid at
+~y ~i~re by sa~d l110R1Gli>` E, b!'CJtiSC ~~r ~n t!,e event ot th~ f:,.iu~e en tnr port oF ~ire s~~d M~RiGAGOR ~o duly, piompNy and fv:ly pe~4orm, d~scharqe.
~.ecute, effeu, comp;e~e, co~r.ply w~th a~,d au de by ea.h and rvrry tF,e stip~tat~ons, agrr.r~~wnlS, condnions, and cove+ian~s of sa~d p~o~ni~sory note a~.d thia
~.orrgage a~y or e~ther, ond s.i J costs, cha~ges and expanses, each and rv~`ry. Sfi~il ~e ~mniecliafr!y due and payab~e; whrther a not there be no~rce da
m;nd, attr+npt fo coliect or suil pand~~~g; ar.d the tull amo~nt oF e;ch a~:d e~•ery scth ~:ayn;rnt s~a;{ bro• inrcrest irom Ihe date thereot until pa~d at the
. o: ~i~ne per .<n;~m Frr a~::~.;r~: ~:~C a,:~d c;s's. :.~:~~•s a:~ci <w;.a~::•s ::~cwtrd o: N~:J, toyelhrr w.ih wch ~n~ereit, Shall b! Szcurc~) by 1hC Sen Of ~hif
rt~prtgAOC. ~ -
6. That (a) in the event of any b•rach of this l.lort9:,ge or deia~!t on ~h? p~rt ef the MORTGAGOR, or ;b) ~n the event any of sa:d sums of money
here~n refarr~cl to b.~ not Fre~:,pr:y ar.c! tu~~y pa~cS v.~tt:ir ~h rty (301 d;+~s next a~~~•r tF•c sa~»e srveratly become due and payable, withou~ dema:~d or notice,
, r c) in thc e•.ent each and e+cry the shp~~;anons, ag+ee•neots, cor.d~tio~~s and c~venanrs o1 sa.d prom;swry ~ote and this mortgage a. y w e~ther are 40/
i',~, pro:npr~y a<<d r,;~ty ,,erfor~+,.,d. d sc~,e~~._~s. ea__•,r,_d. ¢'ic:rrd car~:lrt~ci. c~•~-pi:.:d •..~:h ard a~~deJ ~y, then in e~ther or any svch evero the sa~d ag
.,~at~• sum ment~a~cd in s~ d proni~saory nc?e tr.en re:ra~r.eng ~nNa~cl. v„~rii intcrr~r ,icc:~:•d, and a!t maneys secured hereby, shall betome due and pay-
n:, forth~;th, or tlietedtlCr, at the eF.•:o.~ o~ s.~.~J A1iJRTG/~GEE, as fu:~y a~xi co-~N:rr.:ir os it aJ ci t~,,r s~~d wms of nzoney were o.,g~nally st~puiated
pa:d on wcfi cl,:y, ~ny~h:^;~ in >3 ti H:c ~,si~ry note or in this f.5ortgaya to thc ce~~+rary not,v:ths~a.^dcng; a~~d therevFron or therealter at fhe opilon of
s,.; MORiGAGEi, w~t},~~r :,o!~.,~ o• dc~~:a~~d: s.:~t ;t inw or in eqv~t~, t+~err!we or ~t.erca?trr beg~n, may be prosecuted as if all maeeys secured hereby
r~.~i mat~red pr~or to ~ts ir.;t~7,:~~on.
7. Thar in ih~ c.ei:t ;h~r .~r tne ~ e j~~~ ng ^f or at any tir.~e q,~-nd•: y a•~y s~~•! c:.un th~s lrortgage, or to foretlose it, or to reiorm if, or to enfo~ce
...^,ens oi a~,y c', ns ~c•e~; d r, s,.~ „kTVr;;_~ ;~~a;; ;:p'y w tn:: Cou~t h~.~~,.a ; ,d:~~on ~t~:~oi 1cr the appo~nrmeM of a Receivtr, such Court shall
n..~th :-•t ~.~c.:er cf s_:ti _•y,yc~i Fror~ r~ e.',and s~~y~:ar. ,rc:v3•~y .~.;f s~~~uar Yr,e ~ncon,e. profiTS. iswes ar.d re+enves from whateve?
~__.~+~.•,~ect. ~•,~th a^~! r.~,y ;:f :~i~ c~. ~r t. ,r.c ..~:r~•;;:Y ~;da~siwd. .s t.>;•:::y :*•:.r~,ie :ed as if speuf~caily set fo:th and descnbed in ehe granting and
end~r.i c.avses f;r•,o`, ,~~C soch Rccc.rver sh~~i h~:. a1~ tir t~~.:dd ~~.d e;~ee+.+e f,:~:.•::~u and poaers in a~yx~se entr~sted by a Covrt to a Reteiver. ar.d
s ch 3;;poin+,re ~t ih:,ii !:r n_d.~ by svch Cou~t as an .+.i •~i:rrd equ~ty ar.d a+~~a+te. i.. r~ sc+~te right to said MORIGAGEE, and winc~ut reference to the
: a.:,cy o• inad~~q.•,:c+ af :hr .a.~e of thz p~oper.; ~,a•tgoged o. fc r.~r s,.:~~ ~_r -^~.e:ncy of sa;J A10RTGAGOR or ~he delendants, and that such
~s, proi~ss, +rco•re, ~ss~rs ar~d revenoes she,i be appi,ed b~ such Rec~~vcr occw.!: ,y ro ~~.e {~en or equity of said MORIGAGEE and the practice of such
_o v: t.
8. Te d~~y, prcr^F,Cy_ a~~d fui~y ~.er~orn, d:s=hifG£. fR°CJin f~~CL~, CO!f.~J~a~e, cc•:p~y w~~h and ab~ck by each a~+d every ihe stipulations, agreemeNS,
.-.~:r{cns and t.,~.rna:~ts ;n scr~ pro~r.iiso•y •:vte .~:d ih:s rn~r!gagr s_~t ~crt+: .
9. T6at in che r:e^t :he or.~~rr~h:~. of th_~ ~-or~3,;aed E:~~~.nes c.r a•.r F:art ti~~reof. ~etomes vested in a person other tAan the MORTGAGOR, the
.:2TG:+Gf~, Ets suca_ss~rs a~ d a>s. ~•~s. w:w:~ r:, ro t',r J;:C;%-J~. de.~ w~>h such successor or successor in interesi wi~h reference to this
_ gsye ard the d•:bt 1.~•r~•;,~ secu~~~d ~n rt:e s-i~•~~ ~ as .•.~'h f.".,;rr:~.,.3n• v:;t~cut in a..y viay vitiating or d+scharging the /~llortgagots' liability here-
d:_r or ~pen sh~ d_•bt 1«•cuy s~~•;rec: !1o s: e o~ t~_ F r~-..is••s hc~rb, n.erryag•,d a,~.d no forbevrance on the part of the f~lQR1GAGEE or its s~ccesso~s
y~s~g~s a•~d nc ex!e~ s.on of +he r:~.• ~ f. ••h., : ay ~ e•,~ u+ !r,~, det,T t~~ ~et;, .ec ~:eJ y~ven hy the t~ORTGAGEE or its suceesaors or assigns, s~~all operate
:e!easr, d~sch3rge, r.,od.f~ c~~anyc cr ar+crr t`~~ ,:a.:~.: `:.:u oi tnr l.!vRi:,AC•Ok herr~n, either m v.hole or in part.
10. U is sp~•c f~ca.:y r.g~eed r.~a~ t~~~,e is of t!:e rre~~ce of +h!s co~ *rau and t~~.~s no waiver of any ob4gat~on hereunder or of the abligation sr
_.~ed hareby shai, at an~ r;^;e ifl_fcdfif! oe ~,c~~ tv u•~ a v:-~~.er of !erms ?~^:rci o. uf the i,:s~rumem sewred herby.
1 i. ln -:,:i~.1 t"~ •h„ ir... .._~,.•t _rrs oi ~:•i~~. and i-,r~.: 5, r.~~u~:..d by rhe prom~sscry no'e s:currd hereby, martgagor cavenants
~ a3.eas vo ;:3y •v :.,c i,:=e r. .,~;i ~~.r . ao•: • u,a~ sum a~cd b/ mortr3agee to be eqval to 1.' 12 oi the annual cost of the folbw-
~ A-Aii ~cal F-rope~i~ f~...s :ci,r~ n+ ass~ss:~:i .3y~r,s' t~e above c~-scri;cd r:a! eseate. .
E- Pr.; r. ,.~s c. t r•: ~-~ci _::u rs~,• i;~r,~~n r.•qo:red to 6•_ c~~~s~ d r~ th^ .rnrrov=meats s~tuate on the above described premises.
C-P:e~.,:vs o, .__h rr :~i.,a.,.•.+~ :c:~:ra 3; n.~rt;;ay~e Sh31i dr~..e~. t ~o +,~ne deem fit to tarry on the loan secured hereby
h'orrg~gec s'~.. T'~. .r_ ~ __.:_i,:r r a~.r,ng oj the .a•~ o.,~t d;r and payab'z hereundar and such sum sha{i therrupon be due and
~ o~ c~:!~- ~r ~F.= ~:,~„•,.r .,n^ ~.:cl~ s::c-~ssf~e •r:o•.~h :.~r.a:;_~r ur.ri~ mertgayee shatl not;fy mortgagor of a thange in such
;.:n!. S~ch se ^s .s' a i ce a~:; :~~d by m:,c', .i~: +c::.,•d !:.e ~ ay:nenr of renl F.re~,eny tazes, insurance prem•ums, and mortg~ge guaranty insurance
i
~ _'ms-
~ iN :Vli^:ESS :.H,R~Of, <_a:;3 r:;.7klvp.:~lik nas h_reu,ro sc~ h~s ha~,d ar,d s~•a! the day and year first afwesaid.
~ S~gned, Sealed a:~d de ivered irt the pres~r.~e of_
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~ ~r Sealj
i, ~.~:~~~CL~_ ~ _ - • p~ ] G . A lget , w i dow ~seaq
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~ _ ~ OP FLORIDA ~
;:~'iTY OF SI . LuC 1C' _ i
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~ 8efore me persona'!~ ap~e~red 1 C:e r,_ a W 1~OW _ X~~
~ to me well known and known to me to be
~ndivid~al described in ar.J v.ho exec~ted ~he iorego~ng inst~ument, aru! acknor~:edaed before me thatlhe executed the same tw the purposet
~ _•.;:n expressed. )AXd~?fiXli.~d_,- -
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\~.K.7b~Yo?G~~X~2G751c~~~E~6~~r~f?4~?FX+~4~S~~~SaS~?Gd~~2fNo~~~~~Fa4~~fi~~4?bt~4~~ie~b?£~~'4i~f~S ~Fdrerl~7F~r'Y~I~~Fili~irl~l~~i
~ S ~F
~ xx~cx~xxaaxa~c~cxa~,~~wGx~xxac~x ~x~tcx~t~x~~sacx~cx,~w~~x
~ 'i11iNESS my hand ar.d off[c~a~ seai th.s da ~ j D.. 19 7~
t ' ~G f • ~T C
% / Notary Public in and !or the Sta of Flor' at large
My Commissio~ eapires: -
s~ Roturn to: ~r1 -J~~ ~ i,
° .t federal Scair,gs 3 loan Assoc~at.on
w~' Of fc:•t ?.c ~ _
~ Fort Pi.~•ce. F:o•!•±a •
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; ~ Cl.'Rt.~. ~~~.'1~0 ''OURT ` _ ~
~ This Ir.strument Prepared By John b, , Coll ins ~~r,r-. ••'j.~{•~~ ti; ;
First Federal Savin s & loan Association u ~ ~ ` -
~ of Fort Pierce , F 1 or id a ~r 8 iQ 52 An ~
''"M~'~f.` ' y _ . ' 5
Checke~ B ~ r ' • ~
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~y ac~K239 PAC. ~ .
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