HomeMy WebLinkAbout0921 3. To place and continuously kerp on the bu~:d:~:~s now or herrafter ~Itua~e on ~o+d iand and on afl equipment and pe~~onally toverrd by this mwl¢
nge, w~~h all prem~umt thrrcon ~»~d ~n lufi, I~re in~.v..,ue ~n the ..suai sre~do,d pu';cy form. in a wm a~.proaed by the MOR+uAGEi, and wmd~~orm
~nsuronce in the usual sta~~dard po':cy fwm, in a.~m ap;~rovrd by ~he MOR1GAt;EE, in wch c•xnpany or compan~es as ~he M0~IGAGEE may
d~rect; and all firo and w~nds~enn v~iwance poGc~rs on any of s~~d bv~'d ~9s, any ~n~e~n+t therein or paH ~hereof, in the aygrega~e t~m aloresaid or '
in exceas Ihrrrof, shaU con•a~n the usual aaar.darJ r.,or.gagee c:~use o~ suck other cl,~se as the hlo~tgayre may ~eyuue, ma?ing the ios~ unde~ s~~J poli-
c~es. each snd every, payab~r ro said A10RiGAGEE as ~ri ~n~rrest ~:,ay epp.:ar, and ~•aih „r•d every tuch yo':cy sl~a~l be pro~~~pt~y ass y~:ed end de~i.c~ed to
eny held by ss~d h1pR(GAGEE as furthar sec~rity to sa~d nwny~gr J~bt, and. not ;eis ~han ten (10) d~ys in ad+ence oi ~he expi~~t~on of rach pol~cy, ~o de-
I:.er to seid f110Ri(~nGfE a rrnr.:al tl~errof, rogethar w~~h e rece~pt for ~I~e pten~um of such re~~e~.a, and thrre shali bo no f~rc or ~ru~dswrm ir,surante
p!eced on any ol said bui!Jn~ge, any intcrest 1he~e:n or part thrreof, ~n!rs~ ,n ~hc !crr~ a~~d wilh ~ht losa payable as aEorefaid; and in Ihe eveM any sum
of n~oney bt-comes payabie ~~nde~ such pot~cy or poCues s~:d MORIGAGEE shaH have ~he opnon to recei•:e ~nd apply the same on eccoun? o( tht i~~debted~
nei3 srwred hereby or 10 per~n~e 3.~id h10RiGAGORS 10 ?tCervC dn(~ uS! i1 O? dny ~,,;•t t1~••:e0i iG~ c:nir ~.;,~n~c:s<•5, .~~In•~ut ~h:•ea,- ~.r..i.~n3 C~ nnas~r
~n~ any equ~ty. Gen w r~yhr undrr or by vireue of rhis mc•~~age; ar.d i~~ the cv?nt sa d h1JRi~,AGORS sha:l for any ~eoion fail to k~ep ~he said premis~s so
~nwr~~d, o~ fa~l to dei~Yer pro~nptly any af said F:oLc~es oi in~„ran~@ to sa:d MGRIGAGLE, or fo~f prompNy to pey fully any prem+~m ther.:for o~ in any ~
ren~:ect iail to pe~~orm, d:xh~r9e, ezecute, eifec~, con~~ :er~•, :on:ply w~rh arxl ob~de by this COVG~13.'1t, or any p.xt h~reef, said MGRiGAGEE may p~ace r^d
pay for such insurance o~ any part thereof w~thout wa~ving or af+eeti+ig any option, l;rn, equ.ty, or r~yht unJer or by virtue of this 6'.o~tgage, and the
t~,l a~,wun? of each and e.e~y such par~nero sfeat; be ~•n~nrdwtey due and µ+ya'.,'e a:~cl s}~.~.1 hear ~n~er_st irom thQ date thercof u~:~il p.,~d at the ~ate ot -
e per crnr~m ~cr an~,~:n ,.:c! r:,_~_.ih:,r ,.;~h s~r.i~ ~•~;~•<<•st sh.,;~ L~ sr:.,r~d 1~) IfIE~ .:CR U~ :hn ~nortgage. . t
4. To pe~mit, comn,it or su(fe~ na v.asta, ~m;~airn~ant or d~•ter;or;!,on of sa~d properry or any parl thcreof. F
S. To pay all a~d si~gi~lar the costs, cha.ges and e.penses. ~nc!~d~ng a reas~.,ai;ie at+oiney's fee and costs oi abs!racts of title, iocurred or paid af !
••~r ti~~:~~ by sa~d !~1GQIGAG:E, becauso w~n fhr ev<ni of ti~c (a,:~rc on ~hr parr of the ~~id AIJRTGAGGR tu duly, promptly and fut~y perform, d~stharge, 1,
•~wre, etfec~, comptrte, m~npty •,v,t1, and ab.de hy each and every the st~N~;:a~:o~:s, n~rve•nrnts, cond~~~ons, and cove+iants of sa~d pro:nissory note and ~h~i
r~~age any or e~+her, a:~d 'a~d cosrs, cha~~e, e~:d exf:enscs, r~ch and BVEIY, SF1d~I ~C ~~cmcd~ate'y due and payabie; whether o? not fhere be notice d~
+~d, ettrmpt ro co~iect cr svit penJ•ng; and ~he f~•E! o~:ount of eech acd e~~er i wch payr:rm shal+ bea• interea~ irom the da~e thereof unti{ paid al the
n„ie u:r c~~ne~;n „ ;,i~ s..~d c.,>iz. u~~~ ~rs .,~,d ~x~ ar,s: >!,c~~r~-e o~ pa:d, tege~ncr .ti~th i~ch interest, shali be secvred by ~he 6en of th~~
cr t~age. -
b. That (a) in fhz~ event o! ~n~ b~racn of th~s .~!ortc~age c,r ~efavit on the part oi f:~~ MORTGIIGOR, or ib) in the event any ot sa:d sums of money
h~; _~n ~efe~red ro be no! pror~,pily ar.d lut~y ~,atd v.n',:~~ ~h:rry ;3~: cia~s nert a•r--r ~nc s,~~~e sere~a.:y L-ecome due and payable, without demand or notice,
in the even; c:ch and e.•~r~ fhe v~pv at~.inS. .'~JteBmpntS, CJ'.t~ rlv s and :ovrra~~t: of sa d pro•»iaso~y note and :h~s moAgage any p either are no1
i_~:v. NrumpNy a~:d f;~?Iy i:~r+ormed, d sci,;~g ~d. ,•x,.•_~r~d. e~fecr~d cu~,,~,irr_~d. c:^,_::~•d v.~~1~ aod a::~ded ',y. then in e~ther o~ any svch eveM ~he sa:d ag
,•~3.3!e s~m ment:or~ed ~n sa~d ~::o~n~:so~y epCe r~~rr. ce.~ ~.~~~~~g ~~;pa~d. wirh u~trre,t ,..-:,:rd, a~~d a!I ~noneys secured hereby, sha:l become due and pay
e~ ferthwith, o~ theresrte~, aT ~he op!~o.i o~ s~.! '.50RTe:,AGfE, ai !~1iy a:~ tc+nF.r~~ ~y as il ail of tt~e said sv:ns of money wcre originally st~p~leted
E.a.d on s,xh ciay, a~yth~ng in s~.c: prc r:ssc•~y nc'~ or ~n this Alorrga~: te ih~ cc~~Trary r.orn•~rhst;,nd,ng; ar.d therevpon or thereaftrr at the ophon of
s ± MOkTGAGEE, w~rs.a.,t r.oe~;e o• d~-n:a~~d, s.~~ o+ i•~a: or 1n equ~~~, th~~~<~~u~e O: ~~.CleditE~ be~un, may t:e prosecuted as if all mooeys seeured hereby
r.. d ~narured pr.ur TO .ts ~nstitv:~or~.
7. Tt~a~ in rt~e ew=n! r~a! ar the 6e.~:n~, ~3 . j or any r.. ~ c:•nci;~,y an; sv r• ri,;s Mo+tgzge, o+ to foreclose it, or !a reiorm it, or to enforte
e~t of any c' ,~~ns r,;~.~er. s.+~d C;v'.•;,:-~: = s~.aL w ~he Cev~t h;,.~~ g; o~~ ~f,~~~rct for the appo~~rmrnr of a Receiv~r, such Couft shail
r, ,;~sn aypo+~c a r~: .cr oE s..~d m•~rtgr~rd F-_:;•~•t~ a!! aid s:n•~~~ar, int:ud ~g a. ~:~d s~:y~iar tF.e ir.come, profits, issves and revenues fiom whatever
,..~:e:i, e~ci. a..:? a4 w-~•.'~. r:,e~rq >s y.,nd:~v:::J, ~s te~~:.; ~...:~~.,ag,.•d as ~i spec<<~cally se~ io~th and deser~b.=d in the granting and
~ a:,r~dvm c;avses Fer.of, ~nc+ s•:ch R-_•ce~,er sh~~: l.r,a a'! 6roaci a•~d eiie•_•.1e ~~s -nd po~r.e~s in anyw~ze entrusted by a Covrt b a Receiver, and
s- a~~poin'mc~u :h~i~ c_~ n:eu.r by such Cc,rt a: a:~ o~ •:~:t~~d f•y.;1fy end a r. a?~er ci r~;.~sa:~te r~ght to sa~d MORTGAGEE, and wi~hcut re(erence to the
'±:t-,.cr er inadcGJ3CJ O~ !+~r .-a:ue ei ri,~ p:cY~rf~ n:o•r~.g._d or to n. ~ s:,.~•_:.c: c~ _..:vency o( sa~d MORiGAGOR or the defendants, a~d that such
profrts, incorre, ~:s~es a-~: rev:~nies sn~i! 6e aFp:;cd t,y ,uh Rec~~re~ oc_o~ci~:~~_~ +o the t~en or equity of said MC7RiGAGEE and the p~actite of such
,:~~rt.
8. To d•~'Y. pr~.-,~.r:y and fu!~'l ;°rfo~~,, d~5_'r:~~-:•_. ~xe:vr.,, effect. cc-p~~rrr. c~..; ~,r ti~~th and aE~de by each and eve~y the stipu~at;ons. agreements.
~i:t~ons and cOv.~na:ns p.or~hsory _ .,:.c1 :hs ~,...:vy.,3r s-r fcr.h.
9. T1,at i: c~.e e.•~-:r ;~e or.~ c~s~:r of tf•.: ir:.•~;~.:5.~d prc-~,:ses, or a~,~ p~rr i'r~o-.:of, cecomes vested in a person othe~ than the MORTGAGOR, the
. ?TGA~,~c. [•s s,cc-ss•_rs ,,r~d a~s.,r:s ~y, .o -h~,• ~o r~~e :'JRi:-:•„k. u~a. ~:~~h s~ch suaesso~ or wccesaor in ~nterest ~v~~h refere~ce to this j
..3age e~ d thr •~_e:t ~:rreby sr~~:~ed i,• rr:~ r•,i: _ as ..:•h ...~;!~og.;• w.tF:out m any way vit:ating or dntha~ging the Nlottgagois' liability hert
+ or uF,:,~ ~F.•~ d:::e s_c,:r_d. r~~ s,: c~ t-r~~s=s s~~rc:;; •+.ort,~~.:d ard na iorbearance on the part of the IJIORTGAGEE or its succeswrs
-:~ss~~~s a~d _.•ers e4 Thc n«.a 4~~. •h~ ,•y,.•.;:• ~r t~:c d<:r !•.~~,y se:or~~d g,ven by the N,ORTGAGEE or its successws or assigns, a~:all operate
_ ease, dstha~ge, rce:d~t~ c~a~9^ cr ~iicct the e•!y;~,..~ i~ai; ..iy c~ rh~ L:::FiG~+GOP. I:erein, either in whole or in part.
i0. It is sperf~ca.~y .~g+•a~•d fhit t~:ne ~s o.' t~:•; esse~cr of tF.s co~,s~ac+ a:~d that ro waiver of any ob~~gar~on hereunder or of the obfigation se-
_,_d h•_reby sca;. at ar.•; ri^.e th~rrafre~ be hc:-f to b^ a v:.;i.e~ of tt,~ te~R,s h..-rcof er of the instrvrnent secured herby.
i1. In ;u.''~,, ic:+._cc :,q ._-n•^'. c,~.~~ . s oi ~,n _ ir:-i .r-y. .ed 'uy tf~ promsscry ne!r srcu;ed herebj, mart~~gor COVenanis i
,~r~~s ro ~ay ro ,~,c- „:,.:e ..;ve. ea:h ,,.,.,c,:r ,du •.ai Si.~• _5:,^ d!•-Lf 't:~ mo•ryagee to be eq:,ai to 1, 12 of the annual cosr of the follow-
~'i--Q!~ I._3~ f'.•'rJ~:.. ~ f.3;~5 ,~t: 5. d~._t:. '~.~SC' ._~j ft31 n4'Jt~~.
' B- u~: ;~n i~.:, jnri ...^ds~. ~ .,s•~•.s~ .s ..r. r., n=d to Fr car. :i r,•':e ~mcrovem~~ts rtuate on the abovc described premises.
.--Pr•..- s o . . ~ _h ~ - _ , ~e• .~5._ . _ _ :3 `r: ~ . _ ro t:me deem !it to carry on the toan secured hereby.
.~.o~!ga.~re s,: L~. . •:fi n r:~~t:r,g c` tn- :1ur. ard payable hereunde~ and such s~~n shall threuFon be due and
~'e o~ 'h., c,e oi +~e •:c.r _ er.d e.c'+ succcsr..c -_Jvn t~~ereah_~r uct~i mcrtga~ee sha!t not~fy morrg~gor of a ehange in sueh
+ Suc!- s~, rs ix <~~:i~:•ro 6,~ •r:or•g ~g r;;:.a•~ :F:e c,~y:••e~et of re:s: .F.rc; e~r; raxes, inwrance p:em:ums, and mortgage guaranty insurante
~~,~„s.
!N ::IT~;~Si 7.ti'G~C~ sed ~IuRiv.~u^R hJT n^:e.r:!o set hSS h,~.d ar.d s~~a! the day a~d year first afore;aid.
I Signed. Sea!rd acd de:i.ered in tne ~r._•.en~e of• -
I ctit! ~.•~.L~£D
~ - - - Si_ LU: . !ri11' tL~'~. ' al)
~ _ r~_ ._C53-~i%Yitl,__ i . - - as al)
~ ~ - ~ ~i : : s~. r c~RT
- ' - -~l - - _ - - - . ~ . - - r l ~ .Seal)
~ S..t-~i. ~L^-`L-~~~~i'_"~ _ . ~ • ' (5ean
~ OF fLORIDA O~C ~ ~ 34 ~N' 1 ~
~ St. Lucie ~ ss. ~
,'1iY OF - ~
~ - 322(?58 -
E Before me pe~sonaiiy ap;e.3~ed ThOI11dS_J. ~1CCei~1tS, III
- p,^d
~ Patricia S_ McCants
his wife, to me well known and known fo me to be
~ ;~~d~v~d~a~s de~u~c_•d in ar.d v~F~o executed ~he foregomg instrurnent, and acRnowiedged befcre me that they executed the same !or !he purposes
~ Patricia S. McCants
~ ••~:n expressed And the sa;d__-_ _
w , or ,~,A Sa;a _ Thomas J. McCants I II ~
~ - - - - - - - ---------1------ upon a separat. and private
F -•~~^3~:"v~1 by me ~3~en s~~3rate and aaart frnm her sa:d hvsbar.d, acknow;edged !o and before me tha~ she executed said instrument freely and volun- ~
4 : ar,d v~,rrfl„~t any co:~;;,,'s;cn, censtra,nt, apprehens.on, or fea. of or f:om her said husoand.
3 .~Q
~ W1T:.:jS my nand ar.d uFf;c~a~ s.~:~l :h;s £~±th----,--- clay o`--l~ovember _ A. p. 1975
' - - -
; Notary Public in an or lhe~$tate of Florida at large
t My Comm~ssion e ires: •
- Re!~m io:
rs* Federal Savin3s 3 Loan Asso.~a:~~n •
? . .'I:iT :P.V i ~r c+?Tf nnotn5 ~
t FortOPi.,.c.t. F, , lcia ~ ~ ' ' ~ , !
§ Gui.uw L) h~ucl.roL LJ~.n~U
~ ~
~ . _ j f~~•.
~ ~ I %
~ ~ _ .
~ This Instrument Prepared By R1ChaId K. Kayes +•~`ti
~ =irst Federal Savings 8~ loan Association ~ % ~ V ~
~ of Fort Pierce, Florida ~ _
~ ~ ~ ~ ~ `1 ~ ~ ~
~ Checked BY ~ - ~ ~ ' iL•E V~O ~ ~ ~s';~ ~ J~ r~;~
s %'~e+.•'•...,5,,.• ~ ~yi
~ 4` C~ ~1.
~ ` r~ ~ ~ ~
~ ~ ,',~~n~~ ~ E( i ~~~r:.~
~ ei:
~
~
~ -
- - - - _ ~
~
_ '~t : k F~ ~ ,.t,t , ~ _
_ ~ ~~`a~~7'~??-~..'~~nn:t~~__ _ . ~~-~~:'4,~-~~'~''-~=- -
ts