HomeMy WebLinkAbout2372 3. To plsp and continuously keep on the bui'd~~~gs now o~ here~itsr situete on eaid Iand and on alt equipment and personally covered by this mwt¢
ege, w~th all prem~umi thereun pa~d ~n iull, 1~re ins~~an.e ~n the uauat sraidard ~,c,iicy iorm, in a wm approved by the MOR(GAGEE, and w~ntiatam
~nsurantt in the ve~al s~and~rd pol+cy fo~m, in • wm app~oved by ~he AM1~RiG~1GEE, in such c«npany or tanpan:et at the MORTGAGEE may
d~rcct; and a11 (ire and w~~dsto~m insu~a:+ce po~k~rs on any Of said buiid~ngs, ~r.y interesl there~n or part thereol, in the a99reya~e sum afae~aid Or
in excess ~he~coi, ihall coarain the usva~ s+andord mortg.~gee c~ausa o~ such o~hc. dsuie as the A1«~gages m~y requ~r~, maA~np the loas unJa~ sa~d po~i~ „
c~es, each arxl every, payaD!e to said A1JRIGAGEE at ~'s ~ntrr~•st may appear, and rach and every wch po~:cy she~l 1~ promptly aasgr~ed and dalive~ed to
eny held by sa~d MORIGAGEE as fu~~her sec~rity to sa;d ~~or~gage J.:b?, a~d, not less ~han ~en (10) da~s in advo~xe oi the eapi~arion ol each pol~cy, to d~-
I~ver to seid MORTGAGEE a re~icw•al t~crea(, toge~her with a rete~N~ for the p~rmium o( such renewal; and thnre shall be no fire or winde~o~~n insuronte
plated on any oi ts~d b~itdings, any interes~ Ihrre~~ or part thcrecf, un!ass !he !crm sr~d w~~h ~he I~ss payable as a(oreaa~d; and in ~he e~ent any sum _
of money becorre~ payable urxler such poli<y or po6ues sa~d MORiGAGEE shafl ~ave ~he option fo rcceive and apply the same on atcoun~ of Ihe ~ndabted
ness aetu~ed hereby o~ to prrrn~t sa~d AtORTGAG0~:5 to recriv@ and use it w ony F~:•rt tha:cof 'or c:~~cr F:u~{~osrs, vi~~iwut th~r.o~ va::.i sr ~mpa~r- -
in~ any equ~ty, licn o~ riyfir under or by vir~ue o~ ihis mo:~gage; snd in the evrn? aa:d A10RTGAGOR$ shall fo? any reawn fail to kcep the said prem~srs so !
mwrrd, or fait to deliver pranpily any of sa~d Fwi~cirs of inwrance lo sa~d MO~^TGAGfE, or fa~l prompdy to pay fully any premium thrrefor w in any (
respect ia~I to per(orm, d~sc~e~9e, execute, ef[ect, comp;etr, co:i,ply wi~h and ab~de by th~s covena,v, or any part hereof, said MORTGAGEE ma~ place snd ~
pet fw such insur~nce or any Fr..t thercof v~,iihaut wai~~ng or affac~ing any cNt~on, Gen, equuy, or n~ht under a by virtue of this M«fgege, and the
~c11 amovnt o1 each and eve~y s~ch pdy+r.enl sh,?tt be rrrmecl~arely due and ~ayab!e and sn.ll bear intereat irom the date the~eo( witil paid al the rafe o~
r per cem~m per annvm and ro~,~t;:rr ,..~~h w:h ,ns~r~s~ shali br a~:~red by Ihe ;ien oi lhis mortgage.
To permit, comm~! or sufier no waste, impair::;rnt w detrr~o~at~on of said pr;;~,e;ay cr any pa~t thereof.
„~ay all and singular tha costs, charges and eipenaas. :nclud.ng a reasonable attorney's ~ee and custs oi abst~acts o( titfe, incurred or paid st
ii~ne by sald AIGRTGAGEE, beca~se or ~n ~he event of thr fa:+urr on the p~rt oi ihe sa~d MORTGAGOR to duly, promp~ly and f~lly perform, d~acharge.
;..:ure, effect, compte~e, cornply w~th and a6:dr by each and e~ery ~he st~pu:ations, a~rern,e~ts, cond~Nons, and covenams oi sa~d promissory note a~d ~hii
~ x~gage any or e~rher, and sasd costs, dwryes and expenses, each and avery, shail be imn:rd~a~ety doe and payabte; whNher w not there be no~ice de~
.f, attr~npt to coUect w suit pend~ng; and ~ht !utl anroum ef each and every sucn paymem shalt bea. imernst irom ~he date thereof until paid at the
~.•~~~ne pe~ cen;um F~~•r a~:~w:n, and .,u sa;d cos~s, cha~grs a:~J ~a,.enars :~x~~rreJ or pa~d, togother w~th such interest, shall be secured by the lien of thu
:,.crrgage.
o. That (a) in the event o( any breach of thes Matgage or deFa~lt on thr part of the h10RTGAGOR, o~ (b? ~n the eveM •ny oi sald sums of money
t,~~rein refer~zd ro be ~at pron,priy ana tutly pa~d w~rhin th~rty ~3J! days next a~t~ il~ same se.era:ly become due and payable, withoW demand or notice,
r ci in thr e:ens rach and every the st~pulat~ons, ay~eemems, cer-.d~tions a~d covenanrs of sa;d prom~ssory note and th~s mo~Igage any p ei~he~ are nd
i.,, ~;ro:~~ptly and Ivily ~~rformed, tl.schatqrd, eadc~ted, eff ~~ed, co~nHleted, ~onzpl,ra r.ah and ab~drd 5y, theo io eaher w any such evem the said ag
>>!t scm mrn~:oned in said {.~ro~nizsory rtute th?n rema;ning unpa:d, with ~ntere;t acu.,ed, and all moneys secured hereby, shal) become due a'id pay-
lo::h,~;th, o~ N~ereafter, a~ ihe op~;on of sa.d A1GR'GAGiE, os fui~y and co~~p;etr!y as ei all of the said sums of money wero a~g~nally st~pulated
pa.d on wd~ day, anyrh~ng ir. s.,:d p:c.n~ssory nore or in thfs htortgayr to ihc comrary notwilhitand:ng; and thereupon w thereafter st the option of
s~ 1!J~ORTGAGEE, v~~~!ovf nonce or dru~ard, su;t at iaw or ~n equity, thereture o: ~herratte~ begun, may be proxcuted as if ail money secuted hereby
n;i ma,ured p~~ar 1~ rts ~ns1~'vt~on. •
7. Tha~ in the ev~•~:t that at the bey~nnr,g nf or at any hme prndir,g any s~rt u;~on this Mortgage, w to fwectou ii, ot to reform if, or to enforte
..~.~:~:v zF any u...~~+s hc eurder, s.,:d A'.URTGi~'v'_~ s~a'.: spp;y to ihe Court ha:~~.~~ ~s:icr,on thercot ior tha apprintmeM of a Receiver, such Covrt shafl
~ ..~:h a;,~o,nt a r,~cei:er of seid n-or!ga3eci prw,:~rty aI! and s~ng~Iar, i::clud,ng and s~~yv:ar ~~e irtcome, profes, issues and revenves from whatever
d, r~ved. e.:ch ar,d evcry of ,tii~ ;ti. n u•~:,g rxpresa'.y ~nd_•~srccd. ~s F r~-.u~ ai ~.~g~ged as sf spec~Gcally set forth and dexribed in the graMing and
:•,dum c'avses t:er~~cf, an;.+ s~ch Rece~.r. shall ha~r a~: ~he br;,ad a•~d eifecr.ve f~~:ct.ons ~.id posers in anyw~se emrusted by a Court to a Receiver, and
a~,poinrmene sr,t~ te R~ade by such tourr aa an admritrd eqvi:y and a.~••a+~e~ of a,ac,vfe r.gh~ to sa~d MORiGAGEE, and wi~hout reference to the ;
.~,c~ or inadrqvacy of the va:ue af the pro;~erty mor!~aged or to thr sc ~•~nci ~,r .~~;c..ency of aa~d MORiGAGQR w the defendants, and rhat such ~
s pro(in, +nca-r~e, issues and rr~enues sha~i be appt~ed by wch Rece~ver accorci.ng ~o the Gen or equity of said MORiGAGEE and the practice of such
-c ,rt.
8. To d~.:'~, prom, s:y ar.d (uiiy periorm,'d~s:nar9e, execula, effect, comptete, co~~~p'y with and ab+de 6y each and every the stipufations, agreements,
, t~c~s and covenants sa:d promissory note and ti~s ~nortgage srt for.h. .
9. That in the evert th~ ovvnc•sh;F: af the mortgagcd prem~ses, or any part fherEOf, 6ecomes vested in a person other than the MORTGAGOR, the
. ~ rGaGEi, :fs s~ ccess:~rs a-:d aSSi3ns, may. wRFiou~ nc~~ce to rhe A1pRIG~OR, deai w~ih s~ch successo+ or successor in interesf with reterence to this
~:~gc and th~ d_ut he~~~b~ r::ured in ~ke same r~a~ner as w~th t.tor;g,gor without in any way vitiating or d~scharging the Mortgagori liability hero-
._r or u.on shz d•~ot 1,_:~-'.r~ s~c:r,d td~ »,e o4 ;te Frr.*~s•rs h~~rro~ mertgaged and no forbearartce on the part of the /AORiGAGEE or its successors
_.,s: ~ns and no ewte~~s:on cf rh~ tor iF,_ ~ c.y:r:~nt of the dc•bt hereby secured given by Ihe Td`JRTGAGEE or its successors or assigns, ahall operate
_ase, d.scharge, mcd~fy c~ang_ or affecf !F.e o~ ~~~~.,i Ga;;;:ty ofi the MGRiGAGOR here~n, either in whole w in pa~t.
10. h~s speGf;c3t;~ agrced tl.at t~~ne is of th•, essen:e of this contratt and that no waiver o1 any obl~gation hereunder w of the obligation se-
;~-ed hereby s!~a,s ar any ti.^~e ;hcreaf:er te he'd to be a w•ar:er of the !e,ms he~eof or of the ir.strumem secured herby_ ~
r
I S. in _r.;;' i.•.. :~o ~ e forc-go ~q +'u~~h ~ pay~r:~ re; of E;rr~c pat and ~~r~r•=st requ~:ed by the promtssory note xcured hereb~. mortgagar covenants
..,7•ees •o p~y ~c ~~~t~~r,•.e ~x,rh each rn~nrh',y Naf;..~.rt an acd.'c-~a! sum ES'~"td!_~~ b'/ mortgagee to be equal to 1, 12 oi thr annval cost of the fo.'low-
A--A~! rcal prope+~y tar=s !e•ne~ or asse~s_u ~g:i•ot the ai.ove dcsr:ocd re-al esr.,te. ~
, 6- Fr:~~~ ns c:~ `:r~ anj v.::~civo ~ns~rarce as F..-~,~n req,,.r-=d !c, b•r cacr~r~ cn the <mproveme~ts s~tuate o~ fh~ above destribed premises. '
C-Prer~•ivn s on s_-ch n•o-tg.,ge gua.anry ~^svra~,ce .~s mo*tga^,ee s!~alt fro^~ r me to ti~ne deem fit-.to-c~rry ~ the loan :ecu~ed he~eby.
~rOrM~gee s'~a'. frcm r~:-,~• fo s~~~.r ncr~f~ ~:o~+y~gcr ~r, v~•~t,n3 of the a~-~.ov~~ d,;e ar.d payable hereundrr and'such sum shall thereupon be dve and
I ~`r on th~• d•,e ciara of ~~e •:tt .~~~'6.~ p3yn:•~nt and e.:ch s~cc.:sive rno^.`h the~eaft~r ur.tl mortg~yee shall not~fy mortgagor of a change in suth
; Svch su~rs s~a:i 5e appf~~~d hy morrg:.g:e ro:.ar~ the ~~3yment of real pro~rry taxes, insurance prem;vms, and mortga~e guaranty insurance
j ~ms.
~ IV '.YfT~~E55 :.tiEREGF, ~ sa d t..ORTGF~vCR has nere:,^?o se! h~s har:~ aod seai the day and ear fint afore 'd_ ~
t f SignCd, Sealed and de~ivered in the presente of: ~
~ - ~C' ~--tf..lQ~c,.~ GY' W'11~dID3 (Ses4
~ ~
~ - - - - - - Diane M. Will ams ~sesq
~~~2Q~P~yc
; ` OF :LORIDA ~ .
u.
~ ~'dTY OF _S~r1_ 3cHSi~--- - ~
~ Before me personaliy appeared _ GY@90IV R. W~ZIlam3 a~
~ ~l~tl@ williams his wife, to me well known and known to me to be
~ `~^:d~v~dva's descriced in and v.ho exewted the foregoing instrument, and acknovvledged before me tbat 1F~ey executed ihe sartre for the purposes
~e:n exp+ess~d. l+r.d the s~id Diane M~ williams
~
~ oi the sa+d _ Gr~yor}~ R~ {~I~~IZ~~S upon a separate and privste
nahon by me takc•n separat~ and apart fcom her sa~d husba~d, acknowledged to and before me that she executed aaid instrument freely and voluo-
~ • ~ and w~!hout any c~mpu'sion, constraint, a~~prehens,o~, or fear of or from her said husband.
~ Y:ITNESS my hand ar,d offic~al seal this -.S2'l~ ~ day of MaV
~ , a is_2~_
~
Noiary Public in a f he State of Fbrids at tarye
~ • My Commission e es: • ~ , _ ; ~ at torgs
:f! ACturn 10: NpfWy ~ .
F~IEL• ~y~. H- C 2z. 1977
~y r;r:r Federal Sa~i^gs S loan Assoc~at,on ~CCR~E~ r MY ~O"~~' ~
ST. LUC:i e':JUMTT FLA. ~~,Y Z Cusv:~ltj/ ~
:3 Of .'ort P r:ce
F~:r:-: 'J:~R~S
Forr P~E~ce, F~,•~~,~ CtERK C:';'UIT CpURT ~~Ir .
~ a=rri ~
~~r :Vffa .
~ : -
.
~ MAT ZZ 9 OS '75 ; .y:.. ,
~ .
This Instrument Prepared By Wj,llfam J• Forbes :-•"~i~
~ First Federal Savings 8 Loan Association _ , ~ ,
~ of Fort Pierce s Flor~da 33450 ~~~~8s ' ~q ` • " ~
~ ' ' ~ " ~ _ ~
~ Checked By p ~ _ _
~ / y 1 ~L ` .
~ 8oox 239 ~~~E . e : -
_ 2366 r ~
' dt
- - -
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. _ ~ ,
~ ~n.s`~/"~~~s~~.~,. 3_^,r:`~'~-~'. _ _ t 'p''3" .