HomeMy WebLinkAbout2370 To place and con~inuous!y 4eep on the t~~ J~~~ys new or he~eaftN s~iuafe un sa~d Iand and on ali equ~pment and prrso~ally co+e~rd by ~his mo.i~
sge, w~th ali prem~ums ti:ercon pa.d in f~ll, f~re ens,;r ~n~e ~n the ~tual standard yo'~cy iorm, in s aum oHproved by ths MOR~Ca:1GEE, and w~nds~orm
insuraot! in Ihe uwal standa.d poi~ty lorrn, in a:um approvet~ by Ihe MORTGAGEE, in ~uch compd~y or tOmpen~es ~f the MORIGAGEE may ~
d~recr; and all ('ue and w~ndaWrm insurance pohars o~ any o! sa~d bui~d.nys, any interr~~ lheroin or pa~t Ihr~eo(, in Ihe sggrcgate sum afpe~aid w „
in eticess ~hereof, shaU rontaln ttm vswl s~andard mortgagee clause w suth o~her c'ause as tM Mcatga3ee may reqv~r~, mak~ny ~he ~osa unde+ aa~d pofi-
r.rs, each and every, paya~.r to s.~~d ~NJNTGAGEE as ~rs int~r:st msy appear, e~id each and every s.+ch po:i.y shell Ix p~on+pny assgned and de+~vered ~o
iny held by sa~d 610RTGAGEE as fwther~sec~rity to se~d morlgaye Jtbt, and, nol Itsf Ihan leo (10) days in advance of ~he rxpiration of each policy, to dr ,
I~ver to said MORTGIIGEE a renewal thereoi, toge~her w~th a rrce~pt ior the prr:nwrn oi such rene+~sl; and ~here sh~!I be no i~re or windaro~m inswancs
pleced on any of sa~d build~.~gs, any intereit ~he.e~n w part thcreaf, un!~ss ~n ihe lc.~~~ and w:th ~he tos: payau~e as a(oressid; and in the e.enl any sum
of muney txcomes pavabie urxlrr s„ct~ policy or pot~cies sa~d MORTGAGEE shatl ha~e ~he op~~on to rec•-ive and appty the aame on accounl ol the indebtad-
ness secured hcveby or to perm~t aa~d MORTGAGORS to receive and uss it a any ~;.+rt th~•:eu; fu~ o:i,~v pv~:~osrs. v.:thcut th u; .v„~v~ ~7 c~ ~~npa~~•
ln9 any equity, Iien w rigl~t under o~ by virtue o~ this mor!gage; and in the event sa:d M~RTGAGORS shafl fa any reason (ail to kcep the said p~emis~s so "
~nn~red, w fail ro dc!iver promptly eny of said pol~cies of insurance to said MORTGAGEE, or fai! promplly to pay fully any premium theretor p in any
respect fail to perfo~m, d~s~ha+ge, executa, effect, canp;ete, comply wi~h and ab~de by ih;s cove~~ant, any part hrreoi, said MGRTGAGEE may p~ace and
pey fw suth insur~n;e or any part th_rcof without weivi~~ or aHeding any opt~on, iien, equi~y, or rigM under a b~ virtue of this Morfgage, ar,d the
amount pl eath and c~ery wth paymcr.t shal! be ir.~med~ateb~ dve and pa~ab:e a~~d sh~ll bear inte~~st irem thd date thcrcof unt~l paitl at the ~ate o)
e per centum per annu~n and r., ~;.:h;:r v~i±h s~ch in~rrrit sh.ui _,r s~corrd by the I:en of lhis mo~tgage.
.1. To permit, commit w suffe~ no was!e, in~painnent or deterioration of sa;d property w any parl iherrof_
5. io pay alt and s:ngvlar the costs, charges and expenses, ~ncluding a reasanable at~wney's fee and costs o( abstracts of title, incw.~sd or paid at
rl:ne ~y satd MGR1vAGEE, because or in !he eve~t o( tha fa,+urN on fhe pan of tne sa~d MORTGAGOR to duly, pra~~pNy and fully perform, dncharge.
-=..cute, etfect, complrre, co.+pty w~fh and a6.de by each and evmy the stip~iatwrs, agrecments, conditians, and covenants of sa~d p~omissory note and this
~,~+gogr any or ei~her, a~d aa d cests, charges and ~xpenses, each and every. ahall be im,ned~ately due a~ payabte; whether or naf the~e be notice dr
r.,~~d, atreinpt to tofiect ar s~it pt~xl.ng; .~nd the (ull a~nount uf eath and every such payment shali bea~ intcres~ from the date therrof until paid at tht
n~nc per trnt~•n m;~:u:•~; o,i;: ai'. sa~d c~sts, ;lw~~es ancf c~;.ecses intvrred or psid, together w~th sv:h ~~trrest, shall 6e tetuted by the IKn Of thif
mertgage.
6. That (a) in the event of any breach of this Mortgage or dr.{avlt o~ t1~e par~ of the MORTGAGOR, or ;b) in the evenf any oi sa:d sums of money
herein .~ferred to be no~ pro,,,ptly and lu:ly Feid wi~hin th.rty i30) daYS r,ex~ a~r_~ ihe same severatly become due and payable, without demand or notice,
cr •:c) in rhe e~em each and e~ery ~he snpvtanons, ayr~ments, co~.ditions a~d covenan~s of sa.d promissory noee and th~a mortgage any o~ e~ther ara eol
~~'Y, p~o+npHy and fu+ly p:rform~d, dschacged, exetuted, eifercJ, co~ry~rred, co.~~p~.ed v.~ih and a6:ded :y, then in e~ther w any such evrnt Ihe said ag
; cqare s~m mentio~~ed ~n sa~d prurnissar~ nc,:e then re~~~ain~ng ~npa~d. w~th i~urrr,: acc~::ed, ond atl mpney3 secured hereoy, shall become d~e and pay-
e forthw~th, or therrafrcr, at the opr.on of s~id h50RiGAGEE, as fu~1y an~ comp!c~c~y as if al; of tt~c said sums of money were wlginally 3t;pula~ed
t c pa.d or. svch dcy, anythin~ ~n s~~i prc•n:ssery note cr ir. ~hes Llorryage t~ th_~ conirary not:r~rhsrar.ding; and ~hereupon w thereafte~ at lhe optio~ of
s•.:1 "1!ORTGAGEE, w~thout r~oncr or de~o~~~d; w~~ a~ ~aw or in eq~ily, there!v+e or t6.~reaiter begun, may be prosecuted as il all moneys secured hereby
~ :i ^~aWred pnot to ~ts insti:vhon. ~
!hat ;n ~he ever.t !!:ae at the !~ylnn ng oi or at any rme Nc~~d~r:g a~y r~~t ~pon thrs !~1or~gage, or to foretiose it, Or to re~orm it, or to enfo~ee
-~~v of any u.,;•ns hr~c~~ der, s+ d:..JRT;ii-G:.E shal: apply to the Cow~ ha.-~ro ;u •ici ~r,c~~ ti~~~reof }or the appo~ntment of a Receiver, wth Court shall
. ..i•h ar.~:nt a•e:e~.rr cf ;,.V •ro•tqa~,d prc;;<rt~ a;; a:id si•ig~lar. enc.~dny s. .:~~d s:•'~quiar ~he intome. p~ofrts. iasues and revenues ltom whatever
deri~e:l, e~.ch and e•very cf wi~ c~i. z--:•~g eif:n ssiy ~~nde~stoo:l. ~s her_~~r e~ort7~~ed as ~f spec,`~cally set forth an~1 deuribed in the grantiog a~d
r:._"d~m C!JUSeS her~~o!, a^d s•~ch Rccz~~r. sh~il h,.: a~l the broad aad e~fec~.ve fv~'c' o:s and pov:ers in anyw~se entt~sted by a Cou~t to a Reteiver, and
~t-puintmeiit sh..:l' b~-~ ~r,+de oy svch C~~u~r ai ~n ,d:n::ied ~qur.y and a natrr~ oi at,sa!ute r;ght to said MORTGAGEE, and witlwul reference to the
. i_,cy or inad_~7,~cy o' c va.ue oi 'i~_ :,•c~,erty rnurt~aged or to ti~c sc:entr er •~~_eiventy of said MORiGAGOR a the defendants, and tbaf suth
~s pro~~±s, inco ne, ~SSU! S o~.d rever.~es sn•,u be ap~.,.:d by such Rece~ver .a:c:;rd,~,a •o the tien or equity o( said MORTGAGEE and the practice of sueh
_"rr.
8. Io 3o'y, p~::~rrt'y and fu;•y Fer!or,n. d~s:t~arge, ezacvte, efFca, compte+e, cc~:~;.'y wlth and abide by each and every the sliputations, agreemeots,
i t;ons and covenants ~i se•d pro:nnsory no'e and !h s mcn~.+ge set io~th.
9. That in th_ ev•~•~t nc~ ov:^e~sh~F of th•~ mo•tgaged pre•~•~~ses, o. an~ aart ti,ereof, ~ecomes vested in a person other than the MORTGAGOR, the
. R;GAGfF, i+s su;ccsw~: accl as~~;~ ~^ay, f:. hc,:• r:c~.~~ to :hr :'~RTGAOR. deai wrth wch successw a successw in interest w~rh reference to ihis
•.~age and the a-::t !.ereby secured ~n the sa:n~ r..a~•~._r az .v~th f.turrg.,~or •n~:thcut ~n any way vit~ating or dncharging the Mortgagori liability here-
or vp:on ~F~e d•~t~+ he:ebi s,:,•~~d. t:o s~ ~ of ;~~e Fr~••„s_•s h~r.~ar •no•~gaged ard no fo~bearance on the part ol the JA027GAGEE o. its succeswrs
~.s ~ns a~d rx~ens~o^ cf '~c t,~.•.~ ri;,, p~~n.~.•r ~F,e deb! f.~ •.r.;~ stcuted g~ven by ihe MORTCaAGEE Or it3 suctessors or ass~gns, a;tall Ope~afe
~•_ase, d~scharge, rt~oJ~fy ; e~gz or atied thr o•~g~n,' I~a~:~hy o! the h'.ORiGAGOR herein, eitFxr in whok or in part,
10. It is scr_~fic,;:y agreed th» t~me ~s of th~ esse~~ce c~f ti.ls cor~rrad and that no waive~ of any obligation hereunder or of the obtigation sr
•_d hereby sha~i at any time thereafte~ be he:d ro be a waiJCr of the terms hereof or of the instrumem secured herby.
I l In a:f:i r:= i~~ forcy: :g ..i: y,,a;,.,.:~~ts c p;af ar.d inr,=;._yf reyu~red by the prom'sscry no!e secu•ed hereb~, mortgagor tovenanfs
a~-ees ro pa~• to ;-:crtg;_:_~ r.~~h e.~u, r::cn+t, ~;,,ir :ent an ad::r,cnal wm ,•sr•:~ a!ed by rr.ertyagee to be equal to 1 j 12 of the annual cost of the fotlow-
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A-Atl rca~ F~up=.•t~ !aRas :ev:.,~' or azsess~u ,:y~~~~st ti:_ ai-o+e d•rsrr;~,rd r--ral estate. -
B Fr~rr. u~ns on f~re and r:'nu;'o:m ~nsur... ce ,+s ne-e;n r,~q~;r~~d to be carriFd e~~ th? ie,crov=meits situate on the above described premises.
.--Pren,~r.~ s u~l ~::ch ~ c•+:; :o~- ?ua~a~~; ~rw~a• _e az rno-!gagee sF•a:~ .'rc r r Te ro r,me deem f~t ro carry on the loan secured hereby.
.",o~egag<~e s~., ~ i-:..T, r„• io ~,.-.e r.onfy n.c~rry~ j;. .n Nr;r,ng of the a~-o.:~~r d.:e and payabfe hereundar and such su~: shall thereupon be doe and
! = on the d.:e d.•}~ cf r~,. ~.._at .-.o-;!%: 1 r.;;me~~r a•~d e,c!~ svc,essi.e ~re^th rhereai±e. u~~ri~ mortgagee sha!1 notiFy mortgagor of a ehange in s:xh
` Such sums st be ae;F::,.~d 'ey n,c•rg ~g•~r to:sa•d tii!• E.ayment of real pre;~erty taxes, insurartce prem:ums, and mortgage guaraMy insurance
i
~~~s.
~ I'J ~lIT?:ESS :dticRcGF, rt,~ sa,d ~L'JkTGkG~R has h^re~~to se! his har.d and seal the day and ear f' afores id. ^
~ S~g , Seated a.` drli~rerzcj in fhe prgsence of: i
t - - ; =r`'-~Gt.~l-".t/ (Seaq
~ - ~ - - (Sea4
~ (Sea4
/
-----1- _ - (Seal)
OF FIORIDA ~
;';TY OF St_ _Lucie
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Brfore me personaiiy appeared LlO~d_ Td~lIOI _ - a~ ;
____________~elOLllde F_ Tavior his wi(e, to me we:l known and known to rtx to be
~ ,,-dnidua~s descr~b~ in and who execured the forego~ng instrument, and acknow;edged beFore me that they eaecuted the same for the purposts
~ n expressed. And the said_-_ClOtllCl@ F, T~ylor
~ . ef the said Llo~~_ Ta IOlr upon a separote +~d private
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~ -:•~r:o~ by rne taRen sepe•ote and apart from her sa~d husband, ackru~wledged to and befo~e me that she executed said instrument freely and voluo-
r and w~thout any ccm:,vlsio~, co~,stra,r.t, a~prehens:on, or fear of or ~rom her said husband. }
~ .lITtiESS my hand ar.d off~rai sea~ th:s_ 21SL day o{ Ma q, p ~y 75
Notary Public in or t State o lorida at lsrge
=u My Commiss:on expires: '
Return To: ~Q. a~~9y~"
~
~ rst federai Sa.ir~s 3 loan Asso:~~t:on ~ j
p~ ~o,r 'r Fl~c(; .H:` y
z: ` ST- lt,i;~ ~:~~rT~ ~ED ~
fort Pf_~rce. .
~L ~•••.c' =~iiTRAS lA. L ; , . .
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~ pF`~'^~ ~ ~i~R~ , '
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~ This Instrument Prepared By John W. Colli~ 11 q i' G;,t ;
~ First Federal Savings & Loan Association " ~k ~M 5 ~ . ~ ` ; .
~ of Fort Pierce~ F1oZida ' ~ ~ . .
~ ~~~~~8~' ' ,f •,"/Lj~t. :
~ Checked By ~ , t
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~ O R ~ -J .
~ B~oK2~39 P~Gf2364 .
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