HomeMy WebLinkAbout2441 3. To ptace and cont~nuovsly keep on tne b~~`J~~.gs now or heieaf~er ~~tuaee cn sa:d Iend and on aN rqulpment and prrso+~ally cova~ed by ~his ma~¢
age, w:~h sll pre-+~iv~ns th.:recu+ p~~d tuil, f~re ~~~s:.~a~~c< in ihe ut.:rl s~anderd F>o!;cy Form, in a sum eHwowxl by the MORtGAGEE, end w~ndttwm
ms~~anca in ~he usual ~ranJ~rd po~.cy ?o~~n, ~n a:vm epp~o.ed by ~he MORTG~GtE, i~ svch company or compan~es as the MORTGAGEE may
d~rru; ~nJ all lire end w~ndstcnn i~~su~ance po~iues on an~• 04 s~id b~nld~ngs, any inre~rst Iherein or pa~t !he~rof, in the aggregate ium afaes+id w
in eaca}s ~hrreof, ihatl ;o~~~~n ~he ~s~a1 s~+~~d~rJ morrgagee uause o~ wch o~hm c~~use as ~he Mo~tgayee may requ~ra, making N~e icss u:~Je~ ~a~d pofi~ ~
r.es, each and ovrry, payab!e ~o saiJ MJRiGAvEE as ~ts ~meras~ ~ney appear, .,nd ~~ach and every such ~hcy shall t~e prompUy ai: g<<rd a~~d deliv~red fo f
eny held by s~id MORiGAGcE as funho~ s:~w:~~y ~o aa~d mo:tgege d~bt, ard, not lzsa ~han ~en l10) days ir, ad~ance oi tF+a eapi~a~~on of each po6cy, to de- ;
i..r. to ssid MURTGAGEE a ren~v~al the~eof, togeih~r wrth a rece~pt for Ihe pre~n~~,.m of such rene..a!; a~~d there shall be r+o iire or winds~onn i~~suranc~
p!aced on any of se~d bu~~d~ngs, any interest therem or par~ tf:er~•ot, unt~ss in the rorn and w~th the loss payaole aa a(oresaid; and ~n the event any sum
of money becomn payabie ~~nde~ tuch paGcy w poLc~es said MORTGAGEE shail have me ophon to receive and apply the urne oo accouN o( the ~i~Mebted~
nrss sec~red hereby o~ ~o penni~ sa~J ~:1.)RTGAGORS fo recrive and use it p any p~+t ~I.er•~oi for o+r~~•r ~:u~F cers, v:;th.ut th,~e b{ .~.~i.~ng o~ ~mp.,~~- „
~ any ~qu~ty, lien or riyh~ ~nder w by virwr of th~s mo~`yagc; and ia ~he evrrt sa d h~JRiGAGORS ~hall tor any reason (ail to keep the su~d prom~ses w
~~sur,,~, or (ail to d~~~v~•~ promµtly any of ~s~d ~wl.c~es ~i insurance ta sa:d h10RiGAGEE, or tail promp:ty to pay fully any pre~nlvm Iherelw or in any
r.s~ect (ail to pe~Fo~m, d:sch,rge. ec~~.~+e, efte~~, caup;era, cornpty wi~h and ab+de b~ rh:s covenant, o~ a~y ~rarl hrrCpf, said MORIGAGEE may piace a~d
iot s~ch ins~r.ince o~ any pa~l thereof w~±koul weiving or aff~ding an~ or~~on, Len. tqu:ty, or riyht under p b~ virtue o( thit Mo~rgjge, and tht
: a~,~o~m oi each ard e.ery svch tvyment sh,il Ix r~.~~:ed~arely due and µ+yable and shall bear interest ir~m tha date th.:reof u~~til po~d at the rate ol
per cen!~m ~:e~ an~v:,+ e~id t.~,~h, r.tii±h s.::n :ntc•:e~~ sh ~i~ JC sec~red by the i~en of th~s mo:~gag~.
J. To penuit, commit w sui(er no v~aste, impairmrru or J~ter~orat:on of s~~d prcpe~ry or any part thereof.
S. To pny all and s;ngular the costs, charges and eapensrs, ~nciud~ng a rrasonabie attomry's fee and costs of abstracts of title, incurred or paid at
; i;~,.e by s~~d AtOR1GAGEE, because or in the rvent cf the fa~~ure on ~hr parr oi ihe sa~d MOR7GAGOR to duly, p~a»ptly and futly per(orm, d~scharge.
:,•_„te, effrU, canp:rre, tomply w~~h ar~d eb.de by each and rvery ~he st~pulat~ens, ag~ee~n~~nts, conJd~a?s, and t~venanrs of sa~d prornissory note and thls
•.:•rgage aoy or e~~he., e:~d sa~d costs, charges end eipenses, ench end every, she~i t~ i~nn.rd~aecly due and payab:e; whether o~ not ~here be not~ce d~
atte~npt to co1;eU or sui~ prnc~ng; and the fud amo~m oi eecA anu e~ery sv,n payment ah~ll bca. inicres~ lrom the date thereof u~til pa~d at the
n~:~e pei c~nn,m piY on~~~ n; o.~: aC s.+~d ci,~rS. cr.ar)~•s a~.1 ~~;.r~u~'> :~~tucrcd or Ho!d. loy.:9her w~th suGh inter¢St, Shall bf: secu~ed by the lien of this
. ~rgage.
6. That (a) in the event ot any breach of this Morrgage or deFauit on tt~e p~rt of ti~e MORTG~GOR, or !,b) in the event any of sa:d sums of mooey
t„•••~~n referred +o bc ~ot pr~~r:pt~y and tulty Ho.d ~n•~;hln th:rty ~301 days next a~rer i6c samr sc+era:iy becane due and pa~able, without demand w notice. =
in the eve:~r rach and every rhe st~~;uiaticns, agree+nen+s cor.dr,~o+~s and .ovenanrs of sa.d piom~ssory note and th~a mortgage any w e~ther are not i
urar.ptiy and i,:~l; p~•rfo•~f,~d. d s:tia•g_~d. r~ec~.t~-d. e~fert~d. cv:npiered. a~m~..:.:d ~r::ih a~~d al.•:1~•d Sy, then in e~ther or any such event the sa~d ag S
. ~.~~a wm mentioned :n :>;d ,^.rom:~sso~y ncte !h~•n re:~~a~ning unpa~d, .vah ~ni~~rst ~cct~rd, and a~t moneys setured hereby, shail become due and pay ~
4orthwith, er rherea're-r, at tne ep•~o:~ c+ s~.d A".:,RTGAG~f, as i~i~~ ar.d cc•=np~.,t~1y :,s i1 all of t?~r Shcd sums of money were or~ginaity tt~putated !
pa,d un vxh d,:i, an~iF.:~.g ~n sa d f.lGT45)::f~I nore or ir~ this ~'.ortyage to th.; co~n•ary not~nr~ihsiand~ng; and ~here~pw+ or thereafter a1 the opt~on of ~
:'ORTGAGEE, v+~thcvt r,oncr or d,;n:a•:d, s~~t at !~vi or in equ;ty, *hrreSore or nKreatrzr begun, may be prosecuted as if all moneys secured hereby ~
• ~ 3r~red pncr ~o ~ts ~ ~e!~ru~.on
7. Thar fn ree e.^m ~t;~r er tne La~:n•~ of or at any tio,e pe~.d~~~g a•~y s~ t ~;-.~n tl~~s Morigage, a to foreuose if, or fo reform il, or to enforce
,.~•:.,t uf any c'.;.•:•s ~~~~ev~.d:~r, s~~ci '..URiv~+'.~c~ s~~a~~ ..E p`v to the Co::rt he..~~q ~~rnd.c~.en thereot For the appointmant of s Reteiver, such Court shall
ch appo,nt a re:e~.er oS r! c. rg,.~_~;! ,;rr.~ c. j s~r.~~• a•, i~cl~ a~~d s~::_wlar ti,e ;r.tome, proi~ts, issves ard revenues fiom whatever
,.e~, e.:h ao:i e:cry of ~tii~Jc~j i:r,ng _..p:,ss.y ~:;,ri~ ;rocd. i1 I... .~~:-•q,~ed as if spec~fically sel fo~th and deXribed in the graNing and
~:u~:. ca~ses her•~o~, ard such 2ecur.n~ shz ~ F.,:a at1 the b+..,d a~.~ r~iNCr'.r h:•-c~ ~~n ~~:d pov.e~s in anyw~se entrusied by a Cou~t to a Receiver, and
~,:po:~nr.e•:t sh3il be ~r:ad~ by s::ch Co.:r! as a•~ ~d~ni~e~d rqv~sy aed a r.,a!rer o* ,:'.,s~.~.,te r:ght to said M.OR?GAGEE, and without referenee to the
•cy or inad=quac~ of ti,e va:~e o( riie yr~;~~:t~ r.:on~aged or to thr sc•v~-~tt c: ,,..ency of said M.OR~GAGOR w the deiendants, and that such
~s prot~~s, inco,ne, issues a: J rev~~:ues shati ~ aN~:.:_d by such Recri~er ac-~,ru. ;g r~, the lien or equrty of sa~d ltiOR(GAGEE and the pradite of such
_ .rt.
B_ io d:,',~, p.o•~; t;y and fu!!y E-eri;,•m; d~sc!~arge, execute, effect, compiEte, ce•~•r{y w~th and abide by each and every the stipu~ations, agreemeNS,
.~•,nn and cov~nan:p in a~d pro~TUSSUry re+e o:~d fii~s ,no:tg.,3e sct forth.
9. Thar r~e e•:e^t !he :,...~reiii;- oI th~~ m•xiyaged prer.~~sci, or any part tnc~~cf, cecomes vested in a person other than the TAORTGAGOR, the
. '-=,vE~ i~s s~:o.r.crs .:::J as;[_n_, ::ay~ W.:fiGJ: ::1:'(B :O ~hr "rOR7GA0i2, deai v.~~h such wccesso~ or successor in interest wi!h reference fo this
;_ye and t'.~ d•_et h~r~'_:~ r..c;;r~d in ti+e same ^.an~:r. as v.ith :1~.r.y.r3o~ w:th~ut in a•~y way vit;ating Or d~scharg~ng the 1llortgagors' liabi6ty hert-
~ o. vpo~ ~r•~ d,ot s;c ~..,c se e~.j it,e E-r_-~~~~ses hereby mo~lg;;ged a~d r~a forc.earance on the part of the /AORTGAGEE w its successors
~ . J~s a•~d c~r~•• :•..n c~ ~hr n~. ~ fc•` t:~e ;,ay:ne;~t vf the debt he.~i.: se:u:ed g~:en by the ~AORiGAGEE or :ti wccessors or assigns, ahall operate
__:_se, d.schary~, rn„cf.jy c!:~~ or z•re:t t~:e er~y~~,,,! i;a:: f.r~ of tne M:::RTGAGOR i~err~n, e+tt~er in whole or i~ part.
10. It is s:.~cf~c ~.~y oa~~•ed ~t..~~ ~,~ne ~s o' th: esser:e of t! ~s contrac+ a~td that no waiver of ar,y ~Ggat~on hereuoder or ef the obligation se-
__•:d hrreb~r s~a~ af an~ tEr,e tncreaitc- b~ rcid t~ be a wa~var of the 'erms her<of or of ~he instrument sewred heiby.
i 1. tn :,ri,i ~ . • > , .er jc . . ,r,•s of f. :,,c a^.d ~ . . ~ _ „ ..rc;u re~ by the prom'sscry no~e sc:ured herrby. mo:tgagor eoveaants
. .,es ro ;;a: ..~r~r:•~.::: ...-h ~-.a,.h ,,,:1. ,._~n~ ar ~ti.,: r~a! sum . +rd F.~ morryagee to be e:,uai to 1; 12 of tlie annval cost of the foltow-
A-a!t +eo! :,roc::,''r 's._s er ,i~s~s=_'i ti,.; a~.o._ dc~sc•:-.,d _3! es'~;r.~.
F, _S e:, i. ,.,:5 x;i:ds;o,:~ n sv-,vi ce i,.,:e n r.ra~.red ro be r.~d c.~
F~ the ~mrrovementz s~tuate on the above d:scribed premises. '
i
~--Pr._•• s c~~ ~~r~ •r ~ :~~s~_•~ -•~s ~..c•+g ~~~~e sna;l t:~; .~::P to f:•ne deem fi~ to carry on the loan secured hereby. ~
~'.ost~,~~e- r t~ * ~ r rrc ~n v.r;t~ng o4 ti,? a•, o.~~t d.:c ard payable hereunder and suth su~n shall thereupon be due and ~
{ : o~ tha d ~ o~ ~ r T ~ + a,d e::~h ~cccess:~e morfh ~her~•air~r ur.~i! mortgagee shall noti'y mortgagor of a change in such
' Such sv~+-s s~ai! t,e 3,.~ ~ed , r ~r la. ~ ro.:a.d the Na~rcent of ~eni pro;:e~ry taxes, ins~rence pren,.ums, a.~d mwtgage guaranty insurance ~
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~ I'J ~VITP:E~S :.HER~GF, ;:~e sa~1 'S~~.GOi has 'r,ereu-~ro set his hond and seai the day and ar first aforesaid.
~ S~gned, Seaizd and de'iveted i tFe p ence o~: ~ ' ,
~ ~ ~ _
~ ` - - E:LED rcvLRCEO G~ ;
St. t'~C~r :'~#Ipr!?SLI?. l5eaq :
ern?an E. helson «a~~
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8 - `-~'Z~ iG'-d - - , r; E ; r . ' C.t~UR ' . ' (Seal) ~
~ z1~~_ °i~~~ - • Janet A. '~elson
' - (Seaq ~
' OF FLORIUA '
~ ~ ~ar 21 2 46Pn'7~ }
~:rv oF St . t.uc ie_ ~Qi7 I a7~ ~
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~ Betore me persunai;y appeared . . _ _ -~__~.~~3eZ~1aII R _ _NpZ son s~ `
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~Ia11E~--A~-~1IP-15Qri ~ his wife, to me well known ancl known to me to be ~
~ :i•+~d~als descnted in and nho exe:~.;red the iorego~ng in:lrument, and acknow:edged before me that they executed?1~1i,`~ the purposes
~ . . . i t~~ 3
~ expressed. And the said_ - a~~L'~a Nelson _ ~ ' ! ;
~ ~ ~ ~
~ of the sa•d S~Yla~II..__~_.~~~Il-_---- -
a ~ • upon a sep~pt~fad privste
~ ~ ~;,~.on by me t3Een r:ce'cte ar.~ acar? ~fGT her sa~d hvsband, acknowledged to and befors me that she exet~iteQ spid turrieQt.freil~i,~i~d voluo-
~ , a~:d w:tFovt any co-r.p,,.s+on, cor~str;ins, anprehena,on, or fear of or fro k+et said husband. _
Wii?.;E~S n~y hand a~~d o~E;: j1 seal th.s ~Qt~?_ _ day of__ a i~ x1. 1975 `
y ~ „ • i
~i tary tic in an~ for tKe!5f~t~,p orida 1as9e'
~ .
Y Re•urn So: koiur ~,r Commission expircs:
~ f Y P~_..c. ~luW /btidp at lory~ , . -
rs' Federa! 5~ ir.~s S ~oan tissoc~.,::on M' ~ t:
: f Corrsloisslp~ ~M~1N JM. 1!n ' •
~ p~ 4prr3ed by /4cerican Fi?~ -
~ for~ P~_,c~, ii:.•I~~
~ ' S~
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~ This Instrument Prepared By J. N. Roberts~ Jr. 0 R 23g ~
~ -~r;t Federal Savings 8~ Loan Association 50QK PACF2434 °
of Fort Pierce~ Florida ;
~ °
~ Checked By ~t~r {
~ • s
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