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HomeMy WebLinkAbout0257 • .r- ~ . a. . 9. To p~ace a~~d coneinvously krep o„ the b~,'~f.~,gi now or hrreafter i~t~a?a on sa~d ~snd and on a~l .•quipmem and perso~ally covered by this matp~ ege, with sll p~rnu~ms thrrco~ pa d in f~~i, tfre inswar e~v tha usuai sle~•:1ard pOGty iorm, in a s~m app~oved by the MORivAGE~ and windsform ~~+v~ance in ~he us..al i~andard pot,cy tonn, in s som appro+ed Ly the MORTGAGEE, in such tompany er compan~es af the 1RORTGAGEE may d~rcctj and all fire ar.d w~ndstorm inw~ance po:~c~ea on any of sa~d bu~~d~ngs, any iMera~t Ihe~em or ~,ert the~eo(, in the +pg~cqe~e wm ~faeaaid or in exceas thereof, shaU ;oma~n the usva~ standa~d mo+~gaget cie~~se or such other dause ~s 1hs Margeyee may rcqu~ro, makirs~ ~1w ~oat unda uid pWt ~ cirs, each and every, payab!e ro aa~d ~AJRiGAGEE ~s ns ~mer~st may appear, and esch and every tuch pot~cy ~ha{I be prompny aispned and d~live~ed to eny held by se~d h10RIGAGFF as furiher tecwiry ~o aaid ~»o+tgage debf. ?nd, not I~as than ien (10) dsy~ in ad+ance of fhe eipuation of eath polity, to de Lver ~o sa~d b10RiGA'vFE ~ rcr.ewoi tf:r~cuf, toge~hrt w~~h a rece.pt for thr premium o( such renerai; and tFere sfiall be no fire or windttOrm iniu~anc~ p!aced on any ol sa:d bu~id~ngs, any t~~e~re~~ thare~n a pe~t rhereoi, un!e~s in the fo~m a~~d w,~h thQ toss payabte as afo~s~a~d; and in the eveM +ny tum of money becomts payaL!c unde~ such policy or pol~c~es ne~J lP.ORTGAGEE shall have ihe epi~on to reccive and apply the same on ~ccount o( the indebted ness secwed 1~creby or to perrni~ said AIIORTGAGORS to rcce~ve and use i1 w a~~y i':•'~ ttk~veof fcr o:nc~ N:.r~~oties. v.~~ho~t fhr+~o~ wa~ving or unpair- :ng eny equ~y, I~en a~~yht und~r or by v~rtve of ihis mcrtgage; aru! in the evero aa~d MORiGAGORS sha!1 for a~y ~easan (ail to keep the uid pr~miies so :,wrc~S. or faii to ur:~._~ N~o~.:µt;~ any af ;.;;d ~.o!.u.s cf i.^.SU.3^SL eo s=:~ MQRirAGEE. w faJ promnfly m pay fuily any pfemium therefq or in any respect f~il t0 pe~fOim, d•uha~gc. e~ecu~r, effnc?, comptete, co~:+ply w~~h and ah~de by this covcnant, or any part hereoi, sa~d MORTGAGEE may pl~te •~d s pey fo~ suth insurance or any pait tha~eoi w~'hoi~~ ~.ualvi~~g or affecting aoy opt~on, lien, eqwty, o~ nght unde~ o~ by virtus oF this Matyagt, and tht full a~nount o~ each and e~ery such payrnrnt shall be ie,med+ately due end payeble and shall bear interest from Iha daN thereo( until paid ~t the rat~ ol i n~ne pe~ cantum per en~i~~n :r:,3 t~~_~i~.•r .tiith s~.h ~nt~rest eh.,~i be srwred by the lien of Ihis mottgege. 1. To permit, commit w s:rff.•r no :iaste, impan~~titnf or drterioration of said property o~ aoy part thereof. ~ S. To pay all and s~n9vlar the coits, char~es snd expm~srs, ~ncluding a reasonable attorney'~ fee and coatt of abs~~xtt ot title, inturred w paid at t a~y time by sa~d R!ORfGAG~E, bccause w in the even~ of nr_ fa~iure on ~he part of the aaid MORiGAGOR ro dul~, p~omptly and fvUy pe~fam, d~uhary~. _ _.~-:u~e, eff~c?, comp,=~~, co•»pty wnh and abde by each and avery the stiputa~~o~s, agreements, condihons, and cove~snri of ~aid promisso~y note and thi~ -.ortgage any or e~ther, and s~.d cos+s, chargrs ar.d ea; erses, each and every, shall be immed~atrly due and payable; whelher a not tlure bs not~es da ~ mared, anempt to col~ec~ or su:t pend•ng; and the ful~ a~novnt of each and eve~y such paymem aha~l bear imereit from ~he date thereof uMil p~id al tht i c o~ n~ne oer cz~~t~~r, F:~~r en~~.,.~~; ~•~c: alt sa~d costs, charyes a~d rxpenses ~nturred w paid, fogether ~v~th such interest, shall be secwed by the I~en oi thu 3 ~or~gage. ~ 6. Tha~ ls) in the evrN of any breach of this MorTgage or default o~ !Fr part of the MORTGAGOR, or (b) in the eveM any o( said sv~ns of mooey ~ F,e.ein rcferred to be not p~c~~~p!Ey and iucly pa~d wai,:n tii~rry ~307 dj~s ruat aiter the sa•»e serera;~y tecome due and payable, without demartd w notite, ~ o• ic) ~n ihe @went each aed eve:y the st~p~'anons, ag~eemrnfs. condrt;ons and tovenar.ts of sa.d prom~ssory note and th~s morlgage any w either are nol ~ iviy, promprly and fully perfo'ined, d•uharg-~d, exewted, effectcd, completed, compGed w~th snd ab~ded Sy, tFxn in either w any such eveM tM said aQ 3~cgate sum me~hOr~ed ~n sa~d pro:~~issory ncta then re~na~r,~.~g unpaid, w~th i~tereat accr~ed, and all mcneys ucured hereby, sMll becoma dw and pay- 1 ~ foi~hw~th. o~ rh~~rraf~er, at ihe op!~on oS so~d GIORTGAGEE, as fuily arxl comp!rtety es ii a~l of thc sa~d sums of money were onginally •lipvl~led ~ ^e pa[d on such ~,.y, anyth:ng in sa d~ro:n~ssory not? or ir. this Mo'tgage to ~he conrrary notrrithstanding; and thereupon ot lhereafiN at the oplion of so :i MtOR7GAGEE, v..~hout no+~ce o~ drn:and, suit at Iaw or in equity, there4we o~ tAereafter beg~n, may be p+oxcuted ss if all moneys secur~d hereby ~ r:d matured pr~or to ~ts insttvt~o~. ' 7. That in the e+ent ~har at the beg~nn~ng of or ~t any time pend~»g any su~t upon th~s Mo*rgage. o~ to faettose it, or to refwm it, w to enforp i ~;mcnt of any c?..: ht•e~~~der, se~d IrOR'GAGEE abail apply to the Coun havn~g ~ur~sd:ct:on the:caf for the appo~ntment o( a Reteiver, such Court sMtl ~ ~~hwith appo~nt a rece:rer c~ sa:c+ ~ orrgagrd proc,erey ail and sing~lar, i~c~:xi ng a~'d singu~ar the ~ncome, prof~ts, issues and revenues trom whatwer s_ ;rca de.~ved, each a~d e+ery cS .~5~ ch, ~i be~r.g exprrss~y undersiood. ~i he~eby mo.rgaged as if speuf~caliy set iorth e~d dewibed in Ihe granti~y snd ~ •:,endun c'a~ses hr:eo~, ocd swh Q_cr,:er sh~~: have ait fh- Dr~ad a~,.d effecr~ve ~~^cr cns and powers in anyw~se e:+truated by s Cou~t to a RKtIVCf~ and : s_n appo~ntmer.~ sha:i t^ m.,de by wch Co::rt as an ad•n~tt.-d cq~i~y a~d a maner of abso~vte r~ght to said MORTGAGEE, and without referente fo tl+f t e i rqvacy or inadca~acy of thr va:~.e of fhe proper.y mortgaged or to the so~vency or msu~vency of said MORTGAGOR or 1he defendants, and that sueh ? •s, pro':ts, ir:come, iswas and revenues sha~~ be app~~ed by wch Rece~ver accCrd::~g to the iien or equ~ty of sa+d MORiGAGEE and the prattice of urch Ccnt. 8. to cl,,'y, ~:~o:~~c:''r =^d ~~:`f Fe~`o~~~. d.s:harge, excc~tr, eiiect, co~.piere, compty w~th and abide by each and every the stipulations, agreements, - :l rions a~d co.rne ~rs ;c~~ prom.ssory nct. ar~d tr s r..~rrga~e ser fo.rh. 9. i>~ar ;n the eJ^°1 :re onne:~h:p ef ~he mcr•yaqed prec,:ses, or any part thereof, becomes vested in a person other lhan the MORTGAGOR, ths .'4iGAGEE. ~+s s.;co:s;:r_ r.:~ti a~s~gns_ rt~ay, r:.ti.;ot nc•~ce to the MURTG~O~, deal w~th such successor w wcceiaor in interoft with refere~ce to tbif -:~~gaje an:.' fhe d_~~' ~:re~y se:,;red in the same r.a„r~r as wirh rAo.tgago. wrthout in any way vitiating or d~scharg~ng the Mortgagori liability hert d:rr or upon the dett he•eby se~.ured. nto sa~e of rte F•em7ses hereby morrga9ed ard no forbearance on the par~ of the MORIGAGEE w iti suetessors .,zs.g~s a~~d ~o e.~e-s'o~ uf ~he ~,:,=c !cx rhz par:,:r~f of rhe drbr h~reby secwed g~ven by ~he MORTGAGEE o~ ~ts ~uccessors o~ ass~9ns, shall opewt~ o re~ease, d.scna*ge, rr~.d.~y c~:a+.g? o. aifec! ?he ci~~nai Gab;i:ty of the MORfGAGOR here~n, either in whole or in part. IQ It is s;;ec ~~c~':~ -g~aed ~hat n-ne ~s af the essence of th~s comract and that no waiver of a~y ob!~gat~on hereunder or of the obliyatiw~ se- ;..•ed hereby she:~ af an, h~ e-i,ereaf:er be he:d to be a warver of the term~ hereof or of ihe instrurneM secured herby. , 11. ir. ~.s .•o ...n.:~h'y payments oF p:inc~pal and ir.te~est reqwred by the prom~swry no~e setu+ed hereby, mortgagor covenaMs ag,,es ro ,__<•r e=:~. ,•n y Ha;~ ent an acid:~;onat s~m es~ ~.a~ed bf mortg~gee to be equal to 1~ 12 04 the annual tost oi the follow- ; A--AL' rcai p:^;-~-rt •a.~s a asse<._•ti .,gaf•1st th~ ai:ove dest~:brd r_a! e;rate. g i. f:•.~ ard ~ c~z~_ ~rr~~ ce as ~e~e~n rcq~~'red to be car•ied o~ the <<narov>me~ts s:ruate on the sbove described premises. C-Pn•:-. ~ s r, ,:_h ^~o•'~ qc q~iar.:n!~ ~.SL~d~.:C es mo•tg~gee s~:a~l froT :me to t~me deem fit to carry on the ~oan srcured hereby. rl.o+tg.;ace . ~~e ro.: ~,e r.c?~f; r..c~t~,gcr m vv~,+:ng of the a~~cu+~t d~e ard payable hereundrr and such su'n shall thereupon be due and ..-h'e on rF.., ci r....i,:, pa~r,e„t e~d er.ch s.ccessive :ro+~th tF.ereafter ~r.tit mortgagee shall notify mortgagor ot a thange in such , _;n~. S;._.; s:•- s s~ : i. :;'i or:gag_e !o~~•d v'r,e pa~men~ cf reai properf~ taxes, msura,xe prem,ums, and mortgage aranty insurante i . _^r.:ums. ~ f ~ IN ~'l4T".iSS t,H;F':OF, rhe s•~~~.; N~ORI.`b%,GOR ~~,as h.-reu~+o set hIs har.d and seal the day and year af said ~ ~ Signed, Sealed a::d d~~i„re~ed in fhe presence of: ; •n f ; i~l~~~~-~~--~~._ _ Ro rt ihn q ' n ~ , ~ ~ - - _ - Ju Quinn ~~~?l~~ti~i~~rr, ~1- ~ ,,.~'tis:i`J::a:.,'.~o''~•, ; $ ~"~:1E OF FL(GRIDA ~ ; ~`f'~+~'•. y % ss. g~"~ ; ~~ur~rvoF---- St _Lucie----- '~,~e~'1~~~z d_,•;,,%~ t „ Rohert (luinn = % i Befcre me pe.sona, ~ ap;;eered -4 -r-f c~ i?^~ ~1--, Mld y Ju ne Qu i nn h~s W~fe, ro ms wdt i es' ~ fe b. !~e individuais descr~bed ~n and v~ho exec~ted ths foreqoing instrument, end acknowledged before me that th~y~',(fa~C~~~~~~i~YrpO~N ~ June t?uinn ~ ~F.,~•ein expressed. And the s~~d------- + ~ Robert Quinn ~i~y'`~~ ~ ~ ~ r:~~e of the said _ - • s~ Ww~» ~ { e.aminat:on by me raren se~a:are and apart fr~m her sa~d husband, ackr.owledged to and before me that she executed ss~ ~~Nly and vdw} , raniy and w~~ncvt any cor,p:,ls~on, consrra;nt, epp.ehefn(s.qn, or fear of w from F:er said husband. - WITNESS my hand ar,d ofFit:a~ seaf th,s _~V'~~-_-_ day of SQ ternber q, p, ~q 76 ` - N ary ubi in and for the Sfste of Fbrida ~t large My Comm~ssion expires: D,rturn io: first Federal S?:~'~ys L:oen 4sicu;,1•on ~1ttJ~ ~U~.r1C. St`~! O' ~0f1~ - : ?.1y Coatmissien Expires Auq. 30, 1950 weaw b A~«+c.~ ~w i Cxwrr Cawar F:.rt F~. F:_...i: ' . ~ 34~3;i This Instrument Prepared By Uona ld E, Nughe s First Federal Savings & Loan Associdtion ; of Fort Pierce , F 17r ic;a FILE011kD RECOROED ' ~ ST. WCI~ COUNTr FIA. ~ Checked By ~ ROCEP, P4ITRAS y ^ ClERK Cll:C1;IT COURT RFC04D vFr,;FiEO ~ ~ p. 5a p~ 254 s~ 19 ~z 47 . : ~h oocK2 PM 1s .