HomeMy WebLinkAbout0275 3. To plece •nd co:uinuow~y ?rcp o:~ ~he b~~ :L~,gs now w ha~raf~er ~~tue~e on ~o~d I~nd and on aC eq:,~pmem and Ferson~lly cover~d by this mor~g
~p~. with 011 p~cm:umf ~hcrcon ~~a~d ~n f~~i, 1~te u~i~~oncd ~n tFrs uwel i:onderd poI~GY Eorm, ~n a fum appro+ed by Ihe MORiGAGEE, and windstwm
insur~nc~ in Ih~ usu~l s~er~Jard Hot.cy fwm, u~ s w•n appro.ed by ~ha h~ORiGAGEE, in wch comp~ny or companie~ p ~M MORiGAGEE may
direch and all Ine and w~ndtitcr~n ins~~ance po~~aes on any of ~a~d bu~id~nps, any inta~e~~ ~here~~ or p~~l the~~of, in IM ap9~rfl~t~ sum ~twetaid w
in excess Ihe~eof, shell ;oorain ~he us~.~l standa~d mptgagae c~ause a such oihar d~uae as ths Mortyayae m~y requ~r~, mdir~q 1h~ los~ undK sa~d poli
cie~, each ~nd every, pa;~b'e ro sa~d ti\ORTGAGEE as ns lnieresf msy eppea~, •nd e+ch and eve~y auch po~~cy ~haR be p~omptly asyned and d~!iv~rtd to
•ny held by aeid ~dCSRtGAGiE as fur~her sctvr~fy ro ao~J r~:o:~gage dtbt, end, no~ Ieu than ~en (IO) deys in advance of the eapuatio~ o! e~ch poGcy, fo ~1~-
IivN to said MORiGAGEE ~ rencwal fhereo{, foge~her witA ~ rece~pt ior the prem~um of such renewal; and ~nere ~hall be no f~~• or windato~m in~ur~nc~
plxed on ~ny of •a~d bui~d~ngs, any ,nlerEit ~he~mn or parr thercof, unlesa in the form and wifh the loss payable at a(wea~id; a~d in tM •v~nt any ~wn
01 awnay Fkca~xs pay~ble under ~uch policy o~ poGuea sa~d MJkTGAGEE sh+ll have ~ho opt~on ro receive and apply ~h~ sarne on account of tAe i~bfeQ~
ness secured her$by or to perati~t sa~d MURiGAGORS ro rrcr~ve snd use it p any part thereol lo~ otiwr purpose~, wnno~t th~rro/ waivi~ig o~ unp~ir•
ing any equ~ty, licn or right unclrr w by v~r~ue of this morgage; and in the evenl w~d MORT(~AGORS shall fw any reason fail lo keep the ta~t~ p~~mi~H W
insurtd, o? fail to de~i~er p~o.np~ly any of i.~~d polKies of inaurance lo fa:d MORIGAGEE, ot fa~t promptty ?o pay luily any pre~nwm the~elw M in ~ny
re~pec? Fail ?o {~rrform, d~uha~ge. execute, effect, cdnp~ete, comply w~~h snd,a5~de by Ih~s tove~~ant, or any part hereof, ta~d MORiGAGEE may plsce •nd
pay for tvch insurence or sny parr ~hrreof without wsiv~ng w affec~ing any opt~on, {ien, equity, or ?~ghr under w by virtue oi thia Mo.rgage, and the
f„II amoom oi each and eYe~y s~ch payment shatl bc ~mmediacely dvs and payac,le ar,d she? bear i~tcres~ from ihs date thereof uneil paid at the rat~ of ~
nine per cenr~:n pe~ ann~m and to~rth~•r »~~h such inrc•.•sr shali be s~•cured by the I~en o( this morl9~9e• '
L To per~rf?, commit w suf(rr no wastr, unj:eirr.~rnt or deteneratfan oi sa~d property or any part thereof. 9
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5. To psy atl and s~ngu~ar the costs, charges a~d expe+~ses, ~nciud~ng a rrasonable atto~ney'f fee and costs of abttricts of titie, incurred or paid a1 ~
any t~me by aa~d M.URiGAGEE, becauae or ~hc evem of the fa~iure on it~c part ot the said MORTGAGOR to duly, prompdy snd fully perform, d~~char9~, ~
execute, effect, co~nplere, co+np~y w+th end at:de by each and every ~he st~p~lat~ons, agrremen~s, cond~na~s, and covenanes of sa~d prom~isory nole and thii
mortgage a~y or e~rher, and sa:d .osts, cha+ges e~x! eapenses, cach and every, shsN be immed~atety due and paysble; whether w not ther~ be nonce da
mand, atrempt to coilecl pr tvit pen:1 ny; and the full amount oi each and every svch paymcnt shall bear intereae from the date thereof ~ntil p~id ~t the
r.~te of nme ~xr :~~,io:n ye: en:~:.nr, un~' i~l said costs, ctia~qe~ ar~d c¦~enaes tnc~rrrd w pa~d, ~oge~her wdh tuth imeresl, ~hall be securcd by the lien of thi~
mortpaQe.
A. Thaf (a) in ehe event of any br'each of ~his Mortgage or dcfautf on the part of the MURTGAGOR, or (b) in the event ~ny of said turta of mon~y
here~n reterred to be not promp~ly a~ d fu.ly pai~ wi~i,;r, th~rty l30) dayf nea! aire~ the same severa!iy tucwne d~~e ~~d psyable, withoul demand o~ notice,
or (c) in tM erem each and everY the st~puiat,ons, agraemanlt, tondit~ons and covenan~s of ta~d p~omissory note and th~s mwlype any p tither ar~ nol ?
luly, pranptiy and iuiiy ~,erfo~~:~rd, da.hary_d. e~rcu~ed, effrcted, compietrd, complied w~th •nd ab~drd Sy, then in eitF~e~ w any such eveM tFk said ~ ~
gregate sum n:tnho~~ed ~n s.~~d p.o+~ ~ssory ric;e ih~n remai~mg ~nNa~J, w~rh ~nterrst acuued, and all mone~t xc~rrd hereby, thall betome due ~nd pay~ i
eb~e fo~thw~~h, o. thereafte~, a~ thz oE~•:on ot sa,d h:ORiGAGEE, as tuily a~~d compleuty ai if ai: of ehe sa;d sums oi mo~ey were wginally s~~pul~ted
ro be pa.d en such Jay, eny~~~~ng ~n d F,ro~nsnory note or in this Mortgaye ro the comrory notvvithstandeng; snd thereupon w thereaiter a~ the opt~oo of
s~~d MORTl3AGEE, ~n,aF.oif nor.ce o~ dr~na:.J, s:.~t a~ i~vv or in eq~~rty, therefore or thereaher begun, may be prosecuted ss if ~!1 moneys secured hereby
nad matvred pr:er tc ~as ~:~tr;t~t~on.
7. That in the e:rnt that at me Ley~nr.,~,g of or at an~ t~~ne pend~ng any sun upon th~s AFor~gage, or fo fweclose it, o~ ~o reform it, o~ to e~fores
payment of any ci.,ims k~~r~v~,~,~-r, se~d Id.~2~l~.iUEE s'~a:; apNly to the Cowt ha~irtg ~u~nd~ct~o~ the~eof for the appoimnient oF s Receive?, suth Covrt shall
forthwith apF.c~:it a recer.e~ of s~~d n.ortyag,d yrcp~ny aii and vng~la~, incl~d:ng a~l and s:rgular t}:e ir.come, profds, iswas snd rev~nvH from whatQVN
source de~ived, each and evrry oi wh ch, ~t bc:~,9 express~y under:tood, ia ~ereby mo.tgaged as if spec~ficaily ut iath and daw~bed m the grant~ng and
hebendum tia~ses hereof, and s~ch Rece~.er shell have afl the broad and rFtec!ive f~nct•ons and powers in anyw~se entruated by a Court to a Reteiver, and
c~ch appointme:u ahaH be rr,ade by sv;h Court as sn adn~tted equity artd a~-a~ter of a6solure rght to sa~d MORIGAGEE, ~nd without reference to the
adequacy or inadeyuacy o~ rh~ vai~e of ~he properry morrgaged or to the so vency or ~nso~vency of sa;d MORlGAGOR a the detenJants, and that such ~
rems, profirs, income, ~ss~es and :rver,ues shall Fx appiied oy such Rece;.cr accorci,~~g ro the lien w equity of seid MORTGAGEE and the prsdice of such
Court.
8. To d~'y. promptt~ and (u:~y perform, d~scharge, e,eecu~e, effect, comp!rte, compiy w~rh and ab~de by each and every the stipulations, ~greemeMS,
ccndrtiOnf antl covenants ~n se~cf prom~isory nott and :h.s moriga~e sei forth.
9. That in the even? the ev.ne~sh:p of ~he mcrrgaged prem~srs, or a~:y pa~t tnereof, becomes vested in a person other than the MORTGAGOR, the
N.ORiGAGEE, rts su:cessors ar.d ass~gr.s, may, w;tho~r nw~ce to the ~1'tORTG~.OR, Jeai ,nnrh such successor or succe~sw in interes~ with reference to this
r..oriqage and the d~~bt hr•eby sewred in the same manr.cr as w~:h Mcngagor w:tiwvt in any way viuatirtg p~~stha~ging Ihe 1Jlorigagors' (iabi~it~ hert
~nder or upon :he deot h~.~e'vr sec~.•ed No s3:t of tl.e E,~~n~~ies h_•reby mortgayed and no forbearante on the part oF rhe MORTGAGEE or its suceesso.~
or asvgns a: d r~u exre~s~on of shc r„n., f•~• ?he paymer:t oi ~he debr t~e+e~ y secvred given by the IdORTGAGEE or it: successor• or ass~gns, ahall oper~t~
~o re~eaie, d:scharge, modiiy cher.go o+ affecr tne c:~y~na~ i~.,u i,ty ol the MGRTGAGOR herein, eiihe~ in whole or in part.
10. h is speof;ca~~y ag•eed rhar !]me is cf tne essPnce of th~s co.~trac~ and that no waiver of any ob'.~gat~on he?eunder or of the obliy~tion ~e-
cvred hereby shatl at anr t.me theree4ter Le he:d to be a wai+er of tne terms hereof o~ of the inatrument secured herby.
l l. In add.t~c~ to the !o~C;~c ~~7 •r:or.th`.y pe~ments o.' pri~ :;.ai and i~~rere:t requ~red by the prom=ssory note s~_cu~ed hereby, mortga9or eovenints
and agrees to , a~ ro ~..orrgag• e v.~e1, eech ~;;,,~n'y p~,~.,e~•r ar. aa:1.~+onat su,i es~~•^•ared b~ morrgegee to be equal to 1,, 12 of tne annual cost of the follow-
inc~:
A-A;i ~ta{ E;rc;:•~~r~ !a.~s a:s•,s•._c ~y:~,s' tr..: aFo:.• desc~~_~d ._~a~ ecta!e.
B Pr_<<.,~:,s on f!.~ a~::_+ ..~:.:t;re~~i, ;r.sv~:~:c n...<;n r~~:y; r;:d to be ca;ricd cr~ ti~e :rrprcvetne~ts s.tuate on the above described premites.
C- Pre~n~~~ s o•; wch rr c~+~ ,ge q.,ara-~Ty 7rs_,-a: ,s ~~.o~rgayee shali fraT, t.me ±o t~,ne deem fit to carry o~ the loan aecured hereby.
1Jlortg~~ee s^a ~ f.o~n , e to t.me not~iv ~ orrysger m+vnr:~:g ot +ne a~nc ~t d~e a~.d payabte be.eunder a~d such sum shaU thereupon be due •nd
;.3yab'e o~ nc~ d.e r...!c oi i~.~, ~~..t ~~-o-,tV,.y ~,i~,:~~:T e~.d eac~ su;cess~~e -r.onih eherealt^r u~.sii mortgagee sha11 not~fy mortgagor oi a eharge in such
a~~:o~nt. J~ch s:,.~,s sFa" i;e a~F ~<d -~y r.~c~r~,y.•~ ;o.:,~;~ tne pe;meni of reai prope~ty taaes, maurance prem:ums, a~~d mor?gage guaranfy insutance
prem~~ms.
~ IN Y11T^lESS '."HER_OF, ~I;e sa~d MORTGAGO? has here~mo set his hand end seal the da and
y year first afweuid.
i Signed, Sealed and.deiivered ~n the presence of: .
~'_./(~~/j ~~/y/~_- ' 1 a'/
~ . _ -~~~_•~e4.Q=--±-_-v-L . - rc_ n
l~~,l
~ - - K--n
i - - - ,~f'~~~~~ ,c.,q
f STATE OF FLORIDA/ l
! St . Lucie u-
~ ~OJNTY OF I
° Susan D. Hazellief
~ Befwe me personally appeared
to me well known and known to me to b~
! rhe individuat descr~bed ~n and who e,cec;;ted !he forcgoing instrurr.e~t, and acknowtedged before me that ~e executed the same for the purposet
`t,
rhe~ein expressed. ~I7~[
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~u~ x~s~i~x~~~~4 ~,~X~fx
WlTNESS my hand and offiual seal th;s_____27th day of SQ tember ~ p. 19 '76
• Notary P~blic in a for t Stat~ of Florida ~t lar~
My Commissior? e 're~:
Return To:
firat Federal Savings S loan Asscuar.or, ~iUfARI V~''" ~.!t•~ nr4~pA ~t IARCE
Ci~ ~ort P._~ce !•:Y C:~~: "'i E:. ?ES 1R:J. 7. 1971
~ Fort G~erce, FiW~d) !'~~:~u~d by n.~.~~.on ~.d~.w~:y fGSJl3(~~ ~
This Instrument Prepared By ~~C'U 1` • ~..~~.~V~
? Gary F. Ellwood ;
' First Federal Savin s& Loan Association ,
~ of Fort Pierce~ FlOridd 1 ~EU AMU ~~~M~r ` C
~~,~,uCIE , ~rRl?S = ,1 0 .
Checked B r Et xcC~;Yl11T COJ~t - r'. J,~~
Y i~lr - C~ Fi~lEO~ " .
FfCOR" V[ _ T~
"N•~iQ _
19 12 y9 PM'~~ ~ ~ ~
a a ~ ~
58 ~~E 272 ~ : f . ~
680K ~