HomeMy WebLinkAbout0919 3. To place and continuously trep on the Lu~'d~r.9: now or hereaf+rr ~~tuate cn sa~d :and and on all equ~f,.nent and penonally covered by this mwtg-
nge, w~lh all premw~ns ~hereon pe:d in fui~, Lr~. ~~swa,~ce m tno .,s...~{ ssa~,d.,:d ;.o•,cy fonn, in a s.,~n ayyroved by the MOR~G%.G[E, en~1 w~~dsw~m
~ns~ranc8 in tha uioal s~a~~dard pol,cy foi~n, i~ a wm epprov~d by ~he M~JRiGAGtE, ~n such company or compan~es as tt+e ti40~tTGAGEE may
duec~; and all lire ~nd w~nciatorm insv~a~~ce poi~u~~s a~ any of so~d b~i d:~~ys. any ~nrerest tM~rein ur pa~t thereol, in the aggregate •urn afwesaid or
in eacess ~hereof, thall :onram the uwal staedard mor~yagre clause or euch ofhe~ c a~se as the Mortgayre m~y ~eyu~re, mawing t1~e ~oss unJe~ s.+~J poli-
c~es, each and every, pay.~b:e to sa~d h~JRTGAGEE as ~~s i~~~~•r:at n:~y appear, a~d i~ach ,~r.d every w:h po•:c~ shdll Ix promptiy assyned and de:i+ered to
any held by said A10RIGAi;EE es further secw~ry to se:d mul~igr d.ot, a::d, no? Irss tl~an ten (10) dayf in ad.•a~Ke ol ~he expi~dliOn of zach poLcy, ro dr
t:ver to saed 1.10RiGAGEE a rene~~fal thcreof, together ~n;th a•ece~pt for the prr~n~um of wch rene+.al; and thcro sha~l be.rw fire or w~~~dstc~m inwrance
pl+ced on any of sa~d b~ild~ngs, any intrrest the~em or part thc~rof, u~iess ia rhe forn: e•~d with the loss payab!e as aforesa~d; a~d ~n tt:e e.rnt any sum
of money becomes peyab~e under such poiicy w po~~c~cs s3~d MORiGAGEE shaU hsve ~1~ opt~on to retr~ve snd apply ~he same on attowit of the i~~drbted-
ness sctwed hereby M to pennit s.~•d tAORTGAGORS to rrc~•~~e and us! it p eny po.t th:--c-ot ~or oth-r F.~rf:osrs. ..ni:.,;t th:•.u; :r ~~np..h-
ing any equYy, lien or righl undcr or by virtue of th~s mor!~aqe; and in the avcnr sa d MU+2IGAGORS sha!1 :or any re5soo fail to keep the aa~d prernisrs so
nw~ed, or fail to dai~vrr pranHtly any af sa~d poGues of ins~~a~:ce ~o sa;d MQRIGAC~tE, or la~l promprly to pay folty any p~emium ~i~erelw w in any
rrsF.ect iaii ~o pe~form, d:ch,rge, eaecute, e(~ect, co~np;ere, co:.~Nly w~~h and ab~de by ~h~s cov~•~e:~t, or any par~ hareof, said MGRT ;AGEE may piace a•~d '
~ ay fot suth insurance or any par~ thereof w~thout wai.ing or affec~irtg any opt:,x~, i~en, eq~~ry, or ~i~ht unJe~ w by vntue of thia Mwtgage, and tht
r~:~~ a~nount of ra;h and e.ery svch pay~r.em sn~U be ir.med~atciy due a~~d ~,at,ic a~~d shai! bea. inreres~ t~om ~he dat@ thrrcof vnfil pa~d at the rate of
e per cantum pe• an~.~~m ~•~J to~~•;I~.•r ~~.nh wc': ~n;e~~st shr., i.> se:.•.•d by the I:?n of ti~ls mOrtgagc.
To permit, commlt w suffer no waate, impa~nnent w d<;er:oraro:i of sa+d ~:rcNe~ty or any part thereof. '
5. To p+y all and singut~r the tosls, thargts and e~{~ensas, ~n,lud~~~y a te:.soneb;e ettomey's fee and costs of abstratts o1 title, intvned O~ pa~d at
a~,; ti~- by sa~d M(:R1GAG~E, 6resuse or ;n :he event of ti,_ f.~;:~re on tne port of ii~~ s-.:d MJRIGAGOR to duiy, promptly ar.d iully perlorm, d~scharge.
c~t-: eF~ect, ccmplete, co ~~ply w~th and ab de by aac!+ ar:d every the sGpv:a~,ons, agrernants, cond~hons, ahd covenants of sa~d pro:ni;sory note and this
~~•~gage any or e~iher, a~.d sa d cos:s, chargcs and expenses each a•~d every, sha:i i,e i:,,n-.eci~atcly due and payab:e: whether or not there be notice da
n,r.!. ~tvempt to co~lect or su~t pend:ng; and tne lu~t an:ovnt of eoch and every suc1, paym~m enall bea• in~eres~ irom ~ht date thereol umil paid st the
~ .:~.:~c }~er c~~::;~•~, F_• „u s,.d :osrs. .~.:~,~~s .,•r~ ..a._t~•s~: ~~cur~rJ or F:,,~d. toy~•rli~•r ~v~th s~ch muiest, shall be secured by the lien of th;s
ne o r rg age.
6. That (a) in the e+enr of any 6rrach of rh:s Yortq,ige or drfa~~!r on tfw pa~t of the MORiG~GOR, or ~61 t~ the event any ol sa;d sums of money
~.e~ein referred ~o be no~ prc~~~~~>rty and fu:~y po:d ::n~~~n ~h,rty~ (3:~:' da~s nc~t a•r_r :t~e ssme seve.a'ly becane due and pa~able, wittro~t demand or notice,
,c! in thr event exh and ev~ry ~he s~~pu:aa~ons, agreemen~s. co~:d~c~e~-s a~~d covensnfa of sa.d prom~aso~y note and th s mortgage any or euher are not
, pro~~p:ly ar.d I,;~;y H~rfo~ ^eci, u.s._he•,~..d. aRCCU!-J. etfecr~J. co:rr:e:~d w:>:t:i.ed vn~h and ac•:fcd 5y. !hen in eaher o~ any such eveM the sa~d ag-
~ 7~'z wm m~~nt;o~~ed in sa~d {~co~i::ssor~ ner? rh~n rcr~ju~:ng vnpa:d wirh ~n!e~r>t aca:r.i, ond a!t meneys set~red hrreby, shal! become d~e and paV'
forthw~th, oi th?ree(~rr, at !hr of ~ r.i s~.*1 t:tORTGAGEE, as fui~y ar~i ;::y; .'e!y as ii a:! o( t~~c sa~d s~ms ot money v~cre or~ginaily Stipu:ated
!.e Fa:d on :uth d.:~. any.:n~~3 u~:~. .r >s:,ry note cr ir. ih;s l.torrqag., •.~~tF:~ co• ra:; ~:of.t:thsta~:di~ig: a~:d therevpon or thereafter at the opt~on of
s~.;+. MORTGAGEf, •e:tco~t ~~o•:c~• o• d_•~..a~~,i s.,n a+ t,a er m equ~ty. ~nerc.':,~r or tt:•_r~~atter bc3~n, mey be p~osewted as if all mo~eys secured hereby
r~d mar~rcd pnor ~o ds inslrtu!,on
7. Tf-:at in rhe ever,t it~a~ a~ tnz b;-y or a~ an~ nr.~ ~.e~~3 rg a~:y s.. t u;~~~ tl,:s h'•ertgage, o~ t~ fo~ectose it, or to re~orm it, o~ to e~force
::m~nr of anv c•~~~ns F~e~e.,r~er, s.~,l ...C-Ri;,:w-•~ s! ~~y ~h_~ Co::t h,:~~~_i , -.;i:+.en ~~.•.~~•04 tcr ~hr appo~ntment of a Receiver, such Courf shall
' L.,~th arpoint ~ rc.:e::e. ci s+:d m-v~t<;a.~:-c rt, e,-~~ a!. i• ::u:3 ~_i ,•.:i s•~_i~~lrr t'r:e rr.to~~se. prof~ts, issucs and rrvenues from whateve~
d.:r;veJ. e.:cn a~ d~:~:ry of wi, ~h. ~t Ge:• q•.~.r~ tis ,,l:: S~.,a_f. ds r.:~ e~ ~...•;:+7rd as if s',eufic:+:;y set Fonh and deur~Ced in the grar.~ing and
r~:.•":d,,m ~'avses her_•o.`, a•~d svch R.~car:~: sh,l: k,.= a': nc~ cr~ad a•.d e':~t~.re i;;~;', .s .::d ~evrrrs in anyw~se entr~sted by a Co•rl ro a Reteiver, and
s.:'~ a: po~n*rrent shat~ bn rr.ade by such Ccurr as an ~d ~~~ne~ ry,;~-r ,:~u a•• ,~t... ci abso~u~e r,ghr to said MORTGAGEE, a~d vui~ho~t reFere~xe to tne
._~:_~__~y er i~a~eG~ary of t~r v,:~<r of ihe nrope•ty n:crig,yEd ur t:~r s~.,~ • or ~~~.ur:rnty of sa+d MORTGAGOR or the de!endants, and thet suet~
•s pro(:ts, nxcm=, isa~:s a^.d :er~rues shali ce ap, ,ied cy su.h Rec~•i.er :,c.: rd~ng thz lien or eq~ity of said MORiGAGEE and the practice of such
C -t.
3. To d~~'Y. ~r~.,.,ntty and iut~Y ~erian~. d:>c~.,;ge. ~~~eec::~e, ef:cc! coT,c~:~*~, cc. ~~r w:!h and abide 6y each end every the stipuiations, agreements.
. __r.s a~•d c~~:ena,~s n i~::! p:om:sso~~ noce a~~d th s,...::g;~= s_• forth.
9. ?^at i~ ~4.e evn^.r ov.~ersi:'c ef ;i.. ~,,.!gaoad pre•„~s~s, ar a~,v rvt ti;~•reci. ~tcornes vested in a person other than the MORTGAGOR, tF~e
.'?~=.~e_. d•s s.:c• s..:-s a•:ci ;,ss::r s~~~~~. w~~f:o~: a:.~•~:~ :o t~,e .LO='?i~:,U~t, dco~ .,.u~ s~ch svccessor o~ su:cessor in interest w~th reference to thia
yd3P ~.'O t4-c h-.~-.b~ s_~,-. ~d m tne sa~n~ ^:srn~~r a~ •..r.h A',o~.t3;zer .r,~t~,.;vt ir~ an~ ;veti vit~ating or d:scharging the 1~14crt9agors' liability F?ete
o~ u;•:r, ~~e ci.~_ r._..: ~ s-_:I . d t.c• s_ e ef :i e r:e .,s_> h._r._nr :~o~ty.y.,d a~.d ~~e for;,eyrance on the part of t!re /dORTGAGEE or its successws
;,:g••s a,•d ..r;;~s,on ;.i ~he t.,- *~e ~:r; •~c^~ o~ rhe J•~hr r,~,..:.y securc<1 y~.cn bi the 110RTGAGEE or ~~s successws or ass~gns, a~:al! operate
_~ase, da_f:,:ge, mcd;fy .-..,~.1~ or z~iect th: c,~:r,: .;.;u:~t~ o` ~:URTG:-GGk t,er~•~n, either m whole or in part.
10. It is spec:t~ca~:y rg••~•_d :h~• . ~s of tne rsse~:ce of +h;s co„~r:,u and t~:~t no waive~ oi any oo~~gaf~on hereunder or of the ob!igation sr
_ci hareb~ sF.a'a a! any tir~:e th_re_lter be,..~id +o o~ a w~~._: ~f the •erms he:ecf or of the i:~strumeM secwed herby_
1 i. in _,.i v.. ,•o :c,::,;; ~ , ~•s e,~: a::d i...,. s• r=a;,~.ed by the p~om sscry nc~e secvred hereb~. mortgagor eovenanes
. ~~~ecs •o pay +o ,•-c- ~~_^e v h ~ . ~ ~ ~ y , , ~ , ~cf • ~•a• s': , ~ ~3 by n;orrgagee *o be equ~i to 1 12 of thr annual cost oi the follow-
A-A4 rial propertr 13~es iev~e~ cr assess•.,i s' tht ai:OVC cf-.:n~.~d •:-al cs'a•e.
B-Fr:, rs o~ t,,•, a i...::ds~.r.•• rsu• - c_ ~s '~n r•q_ +_.d ro b•. ca~r.-,1 c:• the .m;..c~^ments s~t~ate on tha above des[ribed premises.
C-Prer ~~a s on s:ch r ~-+c: ~z q'vn.'i`:!: .raV'3~ ~r ¢S r Ytyd~E? sha~i frc r t cn; to ne dcrm fit to carry on the loan secured hereby.
i ;:~.ortgaqet• r~. re .,.-~e n~crt~..y~:r ,rt w•:rl:~ of tHe . o_-~! !.i~~ aca pjya~l2 herzunda• and w.'h 5~~,~ sha~l thereupon 6e due and
t , r o~ tir_ civ+ u,ie'of t^^ ~ cat ; a~:d r,:ch s:;cc~_ss:~e :co•~Ti~ ~i:c:er.h~r u~.ti! mcrtgagee sha!I not,fy mortgager of a change in such
~ ~r~r. S~ch s.~•^s sh3.i i:e a `~d L ..•~:a;r~ ~or.-a~d ti:e ~a,:r.ent of rra! o e-t taxes. insvrar.ce rem,ums, a•id mort a e uarenf insurance
€ FF.•= Y" F' ~ ~ P 9 9 9 Y
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t 1'J '.'11TlrE55 '1:HEREO(. sr,e sa t,';~KTG=~:.•~R has nereu~~~e se! h:s 1~:.rd and seal the day and year First aforesaid.
S 5~9~ed, Seated a:id dr!ivered in Ihe presence of:
€ . ~JLrin AV_ • ~t::1'L~fD ~IL~:1 ct~~ ~an
~ - S7.Li1t.~ ' 313i1~`l F~#. "
~ ~ C C i . r : ~#S ~ i~. ~ (Sea4
C ~ - ~ : . :::it CGUii? Sea
~ pF~•.=~, V; _-~r~ ( q
~
- - (Seaq
.-~;t OF fIORlDA t u N~t 8 3 ~s ~~'1~
~t Lu~ ~ ~ 30'~f 2'7
- :'~-.;rY OF - - - - - - - - ~
Before me pe~sona'!y apa~ared _,J<~(ilE' S _ tdI1FCC' a~ .
~y ~•::`~U~e h~s wife, to me well known and known to me to be
•_;od~vid~als d_scr,c._•d ~n a:~d who exec_:ed ?h~ fo:r3o+ng ins?rume~~t, and acknow~edged before me that they executed the same fw the purposes
~•~'n expressed. And the sa~d_.`~~'_.~ iaU1CL' _
, of the sa~d _-~d:IIE S i._:_dU}C~ , upon a separate and private
nar,on by me t.;.en se,^.arate a~:d aaart 'rc-n her sa~d husband, acAnaw;edged to and before me that she executed said instr~ment freely and voluo-
: a~d v.+hcu+ any C:/~T~f~~Sion, COn5lrn~nT, d~:P-~:v~hyer.s.o~p
~or
fear of cr f:om her uid husband. .
~ tiI1T!::SS m hard a^d o'f:c~ef seal th~; , y
~ r f.~ d~y of - A. D. 19~~
~
~ Notary P~bfic in and for t State Fbrids at large
My Comm~ssion eapires•
~ Ret~rn 7a
~~s! tederal Sa+inys 3 lo~n L.ssc~:~..c~
e~
~ Oi E~.rt .
~ Fon P:.-~ce. F .~,~~ouNir,~
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~ ~~`•~..J I , t
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~ This Instrument Prepared By John 4: , C~ i l i n s - ~ ` ' ' ' • ; ~ - : .
First Federal Savings 8 Loan Association --~-1; c. ~
~ of Fo: t Pierce , r 1 ar i da " : ti~ ' r~;~`
~ ~ ~v~ ~ ~ ~
~ Checked By ~ ~ ~ ~ ~
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R n ~~~~~~~i~„0~;~,,. ~ •
RGCK ~J9 PAGf , _ =
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