HomeMy WebLinkAbout0371 3. Ta placa and co~~}:nuo~~!y tety~ the Lu~ ~i~,.3s no++ o~ /~C'NJ~IC• t~~..,t~• on :a~d ,anJ end un a!l f•q,n~-nent and personally covsrad by thif ma~¢
ps, Wifh ell p~emwmf 1hc~eon ~.o d~n iutl, f;ro i~.~,~a~ ca in the vt~~l ~to~~ciarJ po:~cy ~o~m, ~n e a~m app~o~ed by ihe MORiGAGEF, •nd wirx~ftwm
in~ur~nce In ehe uswl sta~de~d ~ot.cy lo•m, in a w~n aNpro.ed bY ~ho MUkiGAe~EE, fn w<h compa~~~r or tanpanies th.t MGRTGAGEE m+y ,
dir~ctj and a? fir• a~~J w~ndswrm inivrcnce poLuas on an~ o} •a~d buiid.~+yf, any imnroa~ tF~Qre~n or parl thaeof, in ~Ae ~~yrey~~e ~vm •fatta~d or
In oxcest thereof, ahetl co~~ein thr viual sta~+da~J rno~~~egat c~a~se er iuch o~hvr cl~use •s the hlortqeyes n~ay ~eyu~re. m~Airip ~M ba unda ~~~d polE •
cie~, each and eva~y, ~u+yaL!e +o sald htORTGAGEE as ~~s ~ni~re~~ may appcar, and each and e~ery tuch po~iCy s~+~ll be p~dnplly ai~qncd ard d~fivered ro '
any hald by seid MORTGAGfE •a furil,er iecurity to seid ~~~o:rg.ye deb~. anJ, not le~t ~han ten (10) d~ys in ad~~~xe of tha •api~alion ot each poticy, fo dF
IivN to ia~d MQRiGAGEE a rennwal Ihertof, logeth~r w~ih a.cce~pt fo~ the p~am;um o{ such rer~r end ~here shall h~ ~o Gre ar winds~orm insuronct
pl~ced on •ny of sa~d bu~lJi~ys, •ny inlere~l lherein or pu~ theroof, un!ess in ~he lam ~nd w~~h it~~ ioss p~ysbi~ at afo~~ss~d; end in the evtot ~~~y ?um
oi monsy tucomes peyabie ~~~de~ such ~,ot~cy or p~!:c~e~ se~J MORIGAC,ft ~h,ll ha+e ~he upf,u~ ro ~rca~+e and opp~y the u~oe on acco~m o1 ~M ind~bted~
n!!S {ltiY10(~ ~1CI@Dy O~ to pennA faid MORTGAGOR$ to rec~•we end use it w en/ p:~~l ~~~e:rof lo~ ~v«~~ ~.u~~~ofof. v.,ttw~t th ~r.u~ ;n,'d~vrh~ Or ~~npa~r-
irg any equify, lien w~~ght u~~er o+ b~ virtur ol Ihis mcr!yage; and in tha wcnl se~d MORTG.>GUkS thali (Or any ~eason ~eil to keep the seid premiut f0 ~
inwrod, o~ (ail to defi~er yNJ~n~lNy any ot sa~d pol~ues of ~~surancs ~o ~s~d MORiGAGEE, or 1ai! p:onsptly lo pay iuily any prrn~um therelpr or i~ any
rofpect bil ~o pe~fwm, d~acherge, ea~•cute, eiiecl; con~plete, comply w~~h and ab~d~ by th~a cuveno~~t, w•ny p~rt hereoi, te~d MURiGAGEE m~y pl~u •nd
p+Y fa avch inwrence or eny part ~he~eof w;rho~t wsl>,og or affec~~r.g any opnan. lien. eqvny, or r.qht u~~Jer or b~ v~•eue oI ih~s Ma~9~y~: ~nd ths .
!ull amouot of.eath and a~ery ?uch paymant sheit 'ua ururud:e~ely dw and payable e„d ahaH bear inta~rst irom tho dste thenrof until pa~d af 1M ral~ oi
nine per crnw~~ per annum ul~J ~c~ait.er ~uh wd~ ~nte~aat i*ia+~ t,e s_~cured by the I.en ol th+s monq~gs.
1. To permil, :ommil w suFfer no westr, impairmenl o~ d•_tcr~oiat~on o~ sa~d pro;xriy or any parl thr~tof.
S. To pey all and singu~ar the costs, cha~gea •~d rx~ easet, ~~~clud+ng a ree,o~~aL!e atforney't fee and costs of abs~r~cls of ?itle, inc~rred w pa~d at
eny time by w~d MORIGAGfE, because a in the event of ihs fa;l~re on ~i~e part of the iaid MORiGAGOR to dufy, p~on~pily and fully perfwm, d~uharg~,
eaecwe, effet~, twnplete, comply w~~h end ab:de by eech and e~ery rhe sl~p~lat~cu~e, agree~~rnts, cond~t~ons, and coven~nts o( said promisso?y ~ote and ~hit
mongpe any w e~Iher, and aa~d cos+s, cheryrs and expense;. each snd every, ihell be immed~ately due and paysbi~; whether w not ther• be notice ds
m~nd, attempt to coiletl or tui{ pt~~ry; and thr (ufl artwunt of each and every svch paymeN ahall txar iniereft from the d~tQ tM~eof until paid ~t 1he
r..te e! nino per ;~•nt~~~: E.w e~~~~~ n; a~~:: alt se~d ccsn, ~~~.~+ycs a:td •:Rpet~ses ~nc~urd or ;,a~d, royrti~rr wah s~ch ~~:terest, shall be secured by tM Gen of thb
mwtgay~.
6. Tha~ (a) in the ewm pf any brca-h of thta Ntortga~e or defautr on ~tx part of the MORTGAGOR, or ~b; in the event ~ny o( ia:d tums of money
hcrein ?efe~~ed to be not pr«np~iy encl lvily ps+d .vith~n +huty (30) d~~s nex~ ai~cr ihe sa:»e severa!iy ~ecane due ~nd ~yable, w~thout demand or notite,
or (c) in the evem each and ~~rry ~he st~pulat~ons, ag~eernents, cond~r,o~s and covenants of sa:d p~o~~usao~/ note and th~i moclpaye any o• either •t~ ~wt
~uly, pranptly and iu11y pe~fo~mrd, d,scharged, exe.~red, efiecred, canplrtad, cem~.imd ri~th and aL•+drd Sy, then in e~:her o~ •ny such ewnf Ih~ s~~d
gregeta sum menrioned i~ said promissory note then re.na~niny ~npa:d, w~th ~r:!r:rst a~crurd, and ali rnor.eys setu~ed hereby, st~ai! ~etome dw and pay-
atfe (orthwirh, or tl~ereaf~er, a~ tF.e ~pf.on ot sn~d MJRiGF<,EE, as fvi?y and SomVletpiy es i( ai! oF tf:e aaid ivms of nwney were a~ginally tt~pulated
to ?x pa~d on wch da~, a~~ylh~rg in e~.d prom~ssory ~ale o~ in this Mo.t9age tu the conirory nc~r.~~hstand~:~y; and thoraupon or thereafter ~t the opboo 4f
said MORTvAGEE, w~thovt not.cr or de~nand, ~u~t at In•x o~ ~n eq.:~~y, tnr~rfu~e oi lhereafter beyvn, rr:ay be prosecuied si if ell moneys ~ecurfd hsreby
had maWred p~~w IQ As ina~ito2~tx~.
7. ihat in the evenr thaf at the beg~nn rvd of or a! any time pend~ng any w.t u~en this Mongege, w to fo~eclose b, or to reform it, or /o en(ort~
payment ot any claims he~e~r.der, said MURTGAGEE s1~s:~ appty to ~he Ccwt ha~~~:y ~~r~• d c~. 1hCrF4~ (w ~he apyo~ntmrn~ of • Rece+ver, a~ch Cov~t shall
forthwith appomi a rece:.er of saiJ mortgagrd pro~rty aN and a~nyular, inc~uci ~~g a~~d sw~qviar the income, F•ol~ts, issuet and revenue~ from whetever
wu~ce derived, each ar.d eve~y o# wt~~ch, ~t be~ng exprru~y unde~s~ood, ~n i.rret,y n.v~~g.,yed es if spec~flulty xt forth er~d dtseribed ~n the p~anting a~d
habendum ctausri ?~ereof, and .~ch Recn~~er sheli hare atl ~he t.cad ar.d ciiec!.+r fvne~,ons and pu.aers in anyvv~se entr~ased by • Court to • Receiver, and
sxh appointmem shall tre made by such Court as an ad~r,nted e•~~,ty ar.d a ~.arer ot abao:~te nght ta sa~d MORTGAGEE, and without re(erence fo ths
edey~acy or inadeqvacy v1 ~he +aiae ot ~he propr~ty moregngcd or to ~he SO:VCf~(y or mso .~~ncy ol ae~d MORSGAGOR or the defendanti, and that such
renn, profirs, income, iuves arxl rever.~es shalt be appLed by avch Recr~rer ac:c,:d ng to t1:e I~en or equity of said MORTGAGEE and the practice of such
Caurt.
8. To dv!y, p.om;.r?y an~ f~!Fy per~orm, d,sdia~ge, ex~:~~e, effect, cr. npirre, c«+~;•~y wirh and abide by each end every the stipulations, ~greemeMS,
conditiona end co.enants +n sa~d prQm~sso~~ n~re and rh.s ~:~cragagr srt forth _
9. That in the evem ~he ownershfp o! the rnortgaged pre;:,,eei, or any parr ~hFre~of, beca-,es vested in a person other lhan the MORTGAGOR, the
M.ORTGAGEE, its succeuors and ass~gns. roay, without nei.c•~ to ~ra naOR~GAV2, dEa1' p•hh such a~ueuw a wtcessar in iMere+u wi~h ?eterence to this
n•o.tgaye and the dcot hertb~ secvred in the same n:anr.er as v.~th t~~ftgago~ w.:thvut in a~y way vu.,."-q or d~scha~ging the Mortgagari ti~bilily here
~r.de~ w upon'the debt hrre(>y secured. No sale o( the p~c~~~nes h:reby mo+tgagcd a~xf no fw.beerance on fhe psrt oi the MORTGAGEE w its svccesson
or assigr,s and r.o eatera~on of the f~me fvr :hr payn:ent ot th~ drb~ hc~eb~ sewred piven. by ~he MORTGA(iEE or ~y wccsssors p assgns, siull operol~
ro re~ease, d~scharge, modify change or lfFect the or~~~nat Gau.i:ry of ~ne lIRORTGAGOR here~n, either in wlwle ot in part.
~ . .
10. It is speuficaily agreed thet tin+e is of the esse~xe cI th~s co~~traU and that no wai~er oi ar~y ob~igation hereunder w of tha obtiyaTion st
cured hereb~ s}~ah af any time thereaher 4,~ F.e'd to be a v.ai+er c•f the terms her_-c.f or of the i~ostrument sew~ed he~by.
11. !n add.t:,~ to the fo~eg•~.,,; :~,u,:~irr par~: ,ms c! p~~nc pai and in~erest reqv:r~.~ k•y fhe prum~sscry note sewred hereby. mortgagor covenanTs
a~~d agre;es to pay to n:prtgayee +n~:h. eecn mc~+h:y,pay:rrnt an ady~~~vpel wm rs~ ~•,ated b~ mort~~ee to be equai to 1/ 12 of the ann~al cost of the follow-
y
A-AII ~ca~ ~,roperty !aaes Ir.~re: o• auce;_d ,,ya~:v the ai.o~e drsc~ ~,:d roa~ es'ate.
B-Pr~rn~ums on f~re a~d vnnJstorm ;nsura-.ce bs hr~c•'n reG~:..ed to be carri~d on th« imNrovements s;tuate on th¢ above described p~emisef.
C-Premwrns cn such ~r.ort~:,ge yvr,~:!r ~r.surn•.:e as ~::c~tyagee sha~~ f~u•T: t:~,e ro t~:ne dcem fit to carry on the loan secured hereby_
N1o~tg~gee s~»II from t<<ne to ture ~~ot~f; mortysyor ~n w~i!mg of ihe amo~M d~~s and p~~abk hereu~xler and wch sum shall thereupoA be due •nd
j ~ayabte on the d~e dn!a ci ~hr ~~~c~~th:y pzym~,~:t a~,d eacn s~ccesn:e ~~~onfh t~:ereafter ur.t~i rnortgagee shall noLfy mortgagw of a thange in such
f a-~o~nt. S.~ch sun~s s~a!± f~e ain~:icJ oi rno•ayag~e to,vard +i.e {.aime~t cf rral property ta,~es, inav:a:~:e prem:oms, and mortgage guaranty insurante
; :.~~rnu~ms.
i
~ IN YlITNE~S WFI:R;Qf, +he sr,.d '.SpRTGAGCR 1~as ~~e~e~^to set nis hand and sral the day and ye;r fir~t aforeuid.
Signed, Sealed and de:iverrd in the presence of: ~
' ~ unOf G
~ - - F11E~ cr... E~;1~ F`A _ +4
~ i ' r ' ~~1~ St. V1~t~ .:~UN
' Z IlS
F - - ~l - :'t =,•i~qj Sei4
~ Cti.•
~ - - - _ aF^: : ` `'~""r~ -(Seal)
~ SiATE OP FIORIQA ` 1~.Y ' I 44 PM'~~ ~
~ eiAl ~L'Y'~ ~
COUtJTY OF SL _ LLIC le - - ~
Before me personjtiy aP~a«a ___Kenneth R. Drew _
_ _ EVel~tl 1.. DreM L_________ _ his wife, to me well known and known to me fo b~
she irxlividuals deacr~t,ed in and who exec~red ~?~e foregoing inatrumeM, and acknowtedged before me that they executsd the same for the purposes
~ iherei~ exprossed. A~d tfie saia_ _ Eve lyn L. _~ZQ1M ` _ _ _ _
~ r~ife of the ta;d . ~T111Q~tf1_~~___Q~4M upon • sepuate •nd priwh
~ e,csm~nat~on by me takan scµa~ate and apart {rom her ia~d h~sband, acknr,wledgcd to and beiore me that ske executed said instrummt frcely_ and volutr
~ ra~ily and wahovt any cu..+pulsion, cons!roim, a~:prehe:u.on, or fear of or from her sa:d husband.
WtTNESS my hand and official seal this. ___Sth_ day of__-_ ~ A. D. 19_7~L
~L!-C~ -`C~d-C-il-~ t --<:.S-.t.ld.~- t
~ J ~otary P~blic in and for the Stste f Fbrid t Larye
~ ~"My Comm+asion expircs. ~
c 3tetu~n T~: ~ 'J(/ , :
/l/ ~ ~ ~
~ Firtt Federel Savir~gs 3 toan Asso_~at.~n J i
~ Of P: ~ce '
~ FGrt i'~.crC~. ii:.i~1e ' ```\`~~~111!11^~f~~///'
~ ~ • J. '
~ ' . ; I.•~~~~~~~~ ,t ~~i .
~ S
i„ •
This Instrument Prepared By John W. Collins
R. First Federal Savings 8 Loan Association . ; ~.s~ , t.-,
~ of fort Pierce, Flotida : : -
~ " ~V~'i.! C ~
~ Checked BY ~ - - a~••• , `
F r,l FA~E ~ 1 ~ ' • ` ~
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