HomeMy WebLinkAbout0709 ~
To p~ece •nd cont,nvoutly kcCp on tt,e Lu~ ~~~.ys ~ow or hrrralrer ~~tv.tr o~~ se~d land and on atl equ~p~nent and p~.ion~~ly cove~ed by thii mor~q~
pe, w~th alt prrn.i,,:T~s o~ d.n i~!I, f~re ~~:s,,:~~:cu ~n ~~~e ~w~: i'~~~da~d Fw'~cy lorm, in a aum a~.N~u.rd by the MORfGAGEE, and wind~~am
inwr~ocs in the ue~al ~tandard po: cy tor~n, in a i~m •~.prorcd bt ths MORIGAGEE, such ca»pany or cwnpanies ai ~M MORiGAGEE may
duetr, a~d all hre ar.d w~nd~tou~~ ~ns~r~nce pol~c~rs on •ny of sa~d b„~td.nps. ~ny ~nter~~~ ihere~n ur part tF~ereof. in tM afl9repat~ •vm ~fwttaid w
In excca thereol, ~hall ca+~~.;in The ~wai ~+~~~d..rd ~nor+9eyee c~suse or ~uch od~er clause as tha Mo~tpayae may requ~n, makiop iM lou unda ~~~d po~i~
ue~, each u.d e~ery, psrab:e to sa~J 1tJR1GAGEE a~ u~ ~ntarest m~y ~ppear, a~~d each and eYe+y such pol~cy ~hatl be prompUy auflned •nd d~Gvered to
any hetd 6y »~J MOR:GAGEE as f~r~h:r ~,.~~ity ro sad ~~wrtgaye debt, a~~J, no~ less thsn ten (10) dsys in adrance o( the eapuaLOn of e~ch poGcy, to d~-
liver i0 fe~d MORTGAGEE a rc~~ewai ~he~cof, ~oge~har w~th a rece~pt for the wa~~~um of such ~enewe~; and tM~~ s}ull be no f~re or wind~to~m insuranc~
pl~ced on ~ny o4 sa~d b~i~d~r,gs, any ~ntrrefl there~n w part ~he.rof, unlrss in the (orm a~d with the loss pay+ble ss sfore~a~d; ~~d In 1M ~vent •~y aum e
of money teca~-~rs payaL,r undrr a~ch Ewl~cy w pohuef tie~d MJR~G+ZGEE shall hsve fhe op~~on to ~ece~ve and apply Ihe same on account of the ind~bted-
ne~s secwed he~rby or ro per:~~,i sa~d tAORiGAGORS to rrcr~~e and uie it p~ny po~t Ihe:cof tor o:ncr p~rposes, w~~ho~t Ih_~eb~ wa~v~ng w~mpau•
ing any equ~ty, fen w r,ynt un.lc. or by v~rtue of this n:ortyagc; and ~n the evqn~ ~a:d M'JRiGAGORS shall for any reawn fail to keep ~F+e ssid premites w
insured, or (ail to drf~~•r p~or~ptl~ any of s~~d poGties o( ~nswance to sa~d MORiGAGEE: or fai~ prort,ptly to pay (uily any promwm therefor w in any
resped :ail to pe~fom~, d~scna.ge, rx~c~~e, ef}ecL comp:ete, co~r.~,ly wi~h and ab+de by thit covenant, o~ any pa~t hereof, said MORTGAGEE may p~~te +~d
pay iw such ins~.ence or a~~y pa.f thercoi w~~hcw~ waiv~ng w affrc~ing any op~~on, I~n, eq~ity, or Nght uruier or by virtue of this Mortgafle, aod the .
lu~l amo~M o( each and e.ery wch paymzro shaH be ~mmedi~tely due and psyabie ar~d s~+al1 brar imerest trom the date thereof until peid at th~ raq ol
Dit1! pe~ ceNum pCt ai~n~n: an.3 haq•~th;~_~ wi!1~ au[h ~Nr~e7t sh3li bd Secure~ by 1~1! IiGn Of lhil mwtgsge.
4. To permi~, ccm~,~~r er sofler no weete, imNairrr'rrif or deterwret~on of said prape~ty or any pan the~eof.
5. To pay atl end s~ng~'u the ccsb, charges •nd r¦yensea, ~ndud~.x~ a rea~onable attomey's iee and cos?s of abstrodt of title, incuned a paid ~t
any timc by w~d MURTGAGtE, be~a;,se cr in the rvrnt of the fa~wrc on ~he part of the sa~d MORTGAGUR to du~y, promptly and fully petform, d~xhu9e.
e~eecute, rfiec~, comp;r+e, cu ~~p~y w.th ar.d ab de by each and rve+y ~he stipulahorts, agr~en~ents, condit~ons, and covenants of ta~d p~omiswry note and thif .
mortgage any or e~fhar, and sa d cos+s, cherges and expenses, esch end every, aha~l be immedlately due and payable; whethe~ or not there be notice de !
mand, attempt to coliect or svit pend.ng; and ~he ~v!1 amount uf each aod every svcn pay~mro ahall bear inrerest from ths date thereof umil paid al Ihe
ra~e oi n~ne ~x. c~n;~m ~:.~r ~~~d ai~ se~d cc~n, ct~e;~e~ a~.d rxu~nse• ~nc~rred or pa~d, toga~her wdh such ~meresl, sMN t.e s~tured by the Issn oi thu
mortgaye.
6. That (a) in the even~ of any breach of ~h~a Mcrtyige or defau:~ cn the part of tl~e MORTG~GOR, or (b) in the event ~ny o( ss~d sums of money
herein refe~red to be no~ ~~o:~H~tY ar.d tuily pa~d w~~r~~n ~h,rty ~,30) deys nc¦t afrc~ the same seve~aily become due and p~yable, without dem~nd w notice, ~
or tt) in thr eYent each and a~ery ~he st~pu:et~ons, ayree=nems, cond~~ia~~s and covcnant~ of sa:d prom~ssory oote and ~h~i mortgsy~ ~~y w ~~ihe~ are nd ~
~uly, pranptly and twb~ ~rt:,:~:..•d, d.a~ha~yrJ, rarcu<<d, effeued, comYietrd, compGcd w~th and ab~ded `ay, tMn in eithcr or ~nY such eveN 1he ~a~d
gr~gate sum. menricned ~n sa~d {:~o~:~~swr~ nc:tr then re~nain~ng inpa~d, w~th ~ntr~rs~ actr~ed, and aU moneit setwed hersby, ihall beCOme dW ~nd pay-
aoie (orthw~th, w rhereah~~, at thr cFr.~o:~ ~f sa~d A~Ok~Gi+GFE, as iul{y ar+d complrtr~y as i( aIi of fhe sa:d wms oi money were orgenally ir~pulared ~
to be p~+d o~ wch da~. ~-+d G:cr:~ssc~ry note or m ~h~~ :',ortgage ro the con~rary not+vdhstand~~g; and ~herevpon w thereafter at Ih~ opt~on of :
sa~d MORiGAGEE, w~rt.c~! r.c•!~cr ur d_•:~~er.d, sud at iow w in equity, th~reiore or tl~ereet~er begun, may be ptosecuted af il all moneyz s~curod hereby t
nad met~~ed Fr~w te ~t~ a~~~~'v'~un.
7. Tnat in the c.ert ~ha• et tne brgmn nry of or a~ any t~me pc~~ding eny su:t ~pon this Mortgafle, or to fo+edose it, or to reform it, or to enforu
pa~mes~t oi an/ cis:r» he~r~~o•_~, sa~d L10R'G.4GEE sha:t app!y to the Co~~~ ha+~~:g lurad,u:on thereof fw the appo~Mment oi • Receiver, fuch GourT shaH
Forthwuh appu~nt a rece~~er ut said ~~ertyayed pro~xrty a:! and s~n3ula~. ~~~u~ci ~g at~ and s~ngu;ar the income, prof~ts, issues •nd ~evenues from whatever
wurce drr~~ed, each ar,d e~ery of wt~:c4, ~e be~ng exp~rss~y ~ndr~sroud, ~s tereay mortgaged as if spec.fiully ut forth aod dew~bed in the p~antin9 ~nd
habe~d~m cia..~ses hrreof, a~:d s.:ch kecr~we~ shall he~r al~ fhe br.:ad ar.d eff~t:+r +unct.uns and powas in anywne entrusled by • Cour~ to a Reteiver, and
wch ap~oir.tme~rt ~heil be r~edF by svch Cc..~~ aa en ad^~~!rd eq~ity and a~ratter of absolute tigM te said b10RTGAGEE, ~nd without refere~ce to ths '
edequacy or inadeyvacy ~4 thr ~e.ue of the p~operty morty,grd or fo thr so.vrncy or ~mc~.ency of sa~d MORTGAGOR or Ihe defendants, and that such
rents, profits, i~come, ~ss~es ar~d rerer._es shall be ayp;~zd by suth Retv:.er accord.iig to the Gen w equity of said MORTGAGEE atsd Ihe ptattite o~ ~uth
Gour1.
8. To du'y, prompr'.y a~d (vity pers~r~;, d~su~ar~e, eaecute, eifrct, co~i:icte, co nylt w~th a~:d ab;de by each end every the stipvlaiions, agreements,
co~d~ticns and covc•nanh ,n seid prom.sto•~ note and tn:s n. ortgage srt forth
9. That in th. r:ent the cv.~e~sjup of ~he n.ortgaged Eremises, or any parr thcrrof, becomes vested in a penon other than the MORTGAGOR, tF»
M.ORTGAGEE, ~ts svrc~ssors a: d ass:g..:, n,ay, o.:r!:~;,+ .•c•:;c rc +he tAORfG4JR. deal .v~~h wcfi successw or wccessc+r ~n in~eresl with reference ro thia
mortgage ar.d the drLt hereby sc;•.,•eci ~n ; sam? m3-•r.e• aa vvnh f.t-~•!~agor xnhaut in eny way vitiatirtg o~ d~stharging the Mort9aqOrs' liability heta
ur~der or u~~on ihe debt he:evy scc:.~.d No s~ e cf tr~e Fre~n~ses h-:reby mcrtgayed e~~d no forbearance on the pan of the MORTGAGEE w its sucteiwrs
or ass~gns a~•d ~~o extens~o:~ of ~ne ::,r_~ fw rt;e pay~,em uf ~ne debt F~ereoy sec~red q~.en by Ihe MORTGAGEE or iti •uceessors or au~gna, shall opaate
fo fl~2d1l, d~scharge, mod fy c`:anye er a!{ect rhe o~~~~nal i:eu,;,ty of :F.r MGRf^vAGOR herein, either in whole or in p~rf.
10. It is spec~ficailv agr.•ed •hat r~rn. ~s ef fhe esse~ce cf ffus conrract and tkat no weiver of any obGgation hereunder or of the ob!qation s~-
cured hereby shel~ a~ any tin:e r~ercartr be he:d to be a wervar of the terms he~eof or of the instrumenl secwed he~by.
11. ;n eaci.ro:, ;o tr,~• io~s g~ munth`.y ~;a~.r:~nn of pn:,c ~.al and u,~r+eat required by the promsscry note secured hereby, mwtg~por tovenants
and ag~c-es tc ;;ay to n,c-t3 e v. •~h ~ec' -.rrn y;,~;: rnr an add.~ r~al su~: es=^rated by ma•tgagee to be equal 10 1,' 12 0( the ann~a! cost af the follow-
~ng:
~ A--AIt ~cai pe•t~ 1=_ . e• esscs:_. ,i~~ st ~t;._ oev_~.,cd reai esta!e.
B P~,:::. ns o^ fi~e ~ ri c4ero ~ns;~<:~ cc ~s h~r:c=n r~q,..red to be ca~::_d on the improvements s~tuate on the above described premises.
C Prz~r:~~ s e~ «ch :ro't~.r,.- ~~ca~e••t~ ,~~~~a--ce as T,c~iga;ee s:~ai~ iroT r.r.t to rime deem f~t to ca:ry on the ban sec~red hereby.
Mortg:igee sha ~~~cm r.r.,~ r, •,--.e nc.rify mcrtjs~er ~n w~~t:~~g of tht a^-ow! doe and payable here~nder ar.d wch sum shafl thereupon be due snd
Fayable or. IfC d;> o.,'e r~.~ ,~,aJ~*~':~t a~~d e~ch wccessive ~~c~.th rnereafter uctii mertgagte shall notify mortqagw of a change in tuch
a^~ovnt. Sueh s~:-~s s! !;e ai; 1 c~ ~^crgn~~:e ro..a~d !~~e ~.a~~.ent o< <e.~! p-operr~ taxes, insu~ance prem:ums, and m~irtgage yuaranty inwrante
p~emiums.
IN ti'JIi~:ESS ::NcREOf, tF.c sa;d M•ORTGA:;O~ t~as hereu~to set his har:d and seal the day and year first aforesaid. ~
ned, Sealed~rjd da' ~ered jn the prese:~ce of: J
.
~ / i Lt _ ' i ~.i-- . ~n
~ ~s~.~
~ ~ <l~t.~ (L.1~ , _ - - ='viZ fVPS5~5 .
t~J,~ Y. csNn
- - - - - - n--n
STATE Of fLORIDA ~
~t . I_ucie u-
COU!~iY OF - - ~
Be!ore m.e persona~i ap , Thomas {A1. Schrandt
~a~ -~ran
- his w~{e, to me well known and known to me to b~
~he ind~v~duals desu+ted and v,ho exec.,re~ the for~ insrrumqn t, and acknow:edged before rtx that they exKuted the same for ihe ptirpose~
therein expreased. And the sa~d.__ Gdl l F._ ~C!'2ldnat
wi(e of the sa~d _S~1S~I~.s~S W~ Schrandt uq~i~~•~~i~ ~nd priv~N
e,eam:nanon by n:e ta4en se;;o~ate ard apjrt fra,~ ner se~d hvsband, acknowtedged to and before me that she executtd l~~~ldrvne~Ml'y-and voluo-
ran{y and v~rtho~t any comp~:s~on, co::stra~r.t, a:,p+ehtrs:on, fear oF or from her said husband. ~ `
t~. V~ f~'i i~: 7~ F' 7V
W!TNESS my hand ar~ off~cmi seal th:s_ day of_ ~ tember ~ ~~{y
~
i.
Nota~y ublic in ~nd to~ 1a ~.a~ ~~Iotld~ ~t LIr~ ,
My Comm~ssion eapirq:: ~ L~ 1 : i
Retum ro: : - ` • }
PUbNC Sbte •
"ocan a ~eM ~ii . - • • ~ ~ , ~
F'ust Federal Sa.ings R[oan Fsscciar on ~
ni p, .P ~~OAfX~M~~~~~ ~ ~
fu~t F~-•:e. f i-~~:,f ~
/ -.t7• 7Y ~
This Instrur-~ent Prepared By Gary F. Ell:vood i
First Federal Savings & loan Associat~on FlLEO ~k~ E~C~)ROE
of Fort Pierce , Flor. ida ST.IUCtE ~)I~TY FL~.
~E~~~~A ? POITQAS
Checked By ~ .)V~~ CtE ~:;T COUAt
ar~~-.p ?t.~•~F~~~
OcT t 2 s3 PN'~6 .
. t, . ~~-e„~~~;~0`i