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HomeMy WebLinkAbout0039 • 3. To pl~ce end conNn,,o:.sty kee~, on ~he b.~ d• 3~ r:o~v or I~erreirN vt..etc o~ no•d vncl and c.n a:, ~•q~rr~.~em ar~ p~rso.+~lly covered by this mo~~g- age. w~~h all premi~ms It~rtron j,o d.n 1~~:1, f.•r u.a~ra c.n ti~e us~~: a~+~.~n~d F~~ :c~ to~~n, .n • s..m eH~c.ed b~ tF~s MUR:I~%~G[E, .r~d ~r.t/s~orm ~naur~nce in tha us~al frandud po:.cy 1c~~n, in • s~~~~ ey~ra;cd c,~ ehe A10RTGA(~EE, in s~ch ccrnp~n~ or cempan.es as U~e M02~GA~EE may d~recl; end all firo a-d w.~:detcrm ~nlu.'dn~! po::c~~-a on u~y cf s..~J bt;~.d.ngi. a~~/ :rtt~esl ~Ar~cm or pa~t therrcf, ~n the sggicgsr~ su~~ afaeta~d w fn eateu thr~rol, sh~ll ;onta~n the ~w.:l s~r~a.~d ~t,a•g.+~<e ca~se or »ch o~he~ c!avsr aa ?he ldw~y~~ee m~y ~eq.,.re, ma?~np the ~ois undrr s~~d po~i- ue~, e+ch end evecy, payab!e ru sa~J 7tWR1G::GEE as .~s ~r.~~•.eat may appear, a~~d eacA a~~d e:e•y wch pe:.c~ ~?~a11 be prw.,yuy assg~ed a~+d Je.weaed ~o ~ny held by ssid MOk(GAGEE as ~ur~her s~cur~~y ro ia:J or+~.~e debr. and. no~ `ess fhan ~en~101 d~;s ~n ad.ence oi thr espuatron o~ eech pol~cy, ~o de- ~ live~ t0 3aid MORfGAGEE a tcnewal ti~ctroi, IogetFwr w~th a rcce~pl IOr th: p~e~nwm Oi suth r'er~wa~; a.:d thrre sf:~~l !~e no Lre Ot w~~~di~o•~~ ins~ronCe pldced on sny of aa.d b~~!d+•+gs, an~ ~ntereti~ thcae~n a F:a~t ~Fro.rof, u~'css in thc lonn and .y~rh ~ne ~oaa ye~ac,ie as a(cresa~d; rnd in the e+ent any sum of money beco~nes payebte unJer a~ch ~.oiity w pc~c~es sa:d I1lJRTG~.veE ah~i! ne+e fha tpr.pn to rete~.e a^d ap~:'~ the aarne on aaoun~ G( ~he indrbted• nzss secured he~rby w to pern,~i sa'd MORivAGORS fo rrcr~.e a, d ~se ~t a en< <,;•t r~,., .:c! ~•r.., ..~s. in .ti_,.; c• iny any equ~ty, Ilen w r~ght und^r a by rin~e ot tA~s mor.gege; acd ~n the ewnt ss d M~tiGAGORS sha'1 !o~ •ny reason lai! to kcep ~he aaid premises so . ins~rcd, or fail to de~wer prumptiy any ot sr~d pol~e«s of ms~~a•~ce to sa,d MORIGAGEE, a ia.: pr~n.p!;~ to pay f~.ty any prem~vm the~elw or in any respect (ail ta perfo~m, d~scha~ge, eYC:cre, eHr:t, to~.~perta, co~~ pIy w~fh and ab:cle bq th~s tcve~unr. o~ an~ pa~t hereol, se:d M:vRivi~G~E may piate a~o pey fa such insurence or any part ~F.areul w.+hout wanaig w afte.~:~g any op~:o~, uen, eq~~y, o~ r.~M u.:der w b/ vhtue of th~s Mortgage, and th~ _ f~ll artw~nl of each and e.ery such payment sha:7 br urmed~ately ~l~c a~d pa~aL7e and s~+e+l bear iotereat f~an the d~te tAereof unut pa~d at the rate ol ~vne pe~ ce~t~m per annu~n a~:d lu~rri. vv~fh suh ~n:r•ost e~,.,,, ;~r s~-c~red by the i~en of IA:s mortgage. ~ 1. To permit, commit or suffer no v~e~te, impairmem a dcter~wet~on oF u~d proFerty p ar:y part the~eof. 5. To pay all and singu(a~ the ccsts, cha.ges snd expecses, :nclud~ng a ~easonib'e asro~ne~'s ~e!~ a~d cosrs of abst~ee~s o~ tit(e, incurred or paid at any time by sa~J !t!ORiGAG'.f, blCBGSB cr in N+c e,rrr,t a4 t+~: !xvre an rnr pan of ~1k satd td~RiGAGOR fC duiy, pio~,•ptiy •nd tui~y pr~form, d~sctiarge. execute, eHrc4 canplere, comply w~th and ab.de by ea:h and every rhe srcp„iat~ons. agree~*~ents, co~d~no~s, snd covenan+s of sa~d prom~~wry note and fh~• morrgage any or e~iher, ar~d sa:d casfs, charg2s a~d ewcenscs, each and e.ery, sha~7 be ~r.~md~atN;~ d~e a~c! pa~ab'e; wh:fher w not ~here be no~~ce dr n,and, attrmpt to col.ect or fu:t pend.ng; and the fui! a.mc:unt o; rach and erery svch pa~~:enf shafl aa~ i~uerest from tAe da!e thereof until pa~d al th~ ~~re o~ n~ne per crntum ~>er on::~,:-~; ar.c ali aa~d costs, v.a:~rs e~d ~a;xn~~s .rcv~~ed 01 Pd~d, ~oge:`.er w~th suth ~nterest, shait be secwed by ~he 1[e~ 04 th~s mortgege. 6. That (a) in tfie event oi any brracfi of this Mo~ig~ge w defj~tt on tM part of the NORiGAC,~R, or ;b) in fhe event any of sa:d sums of money herein teferr!~d to be not promptly and fuily pa:d wrtF.~n th:~ty ;30~ cia~s nc.at a•fr+ t'r~t sane se:e•a.:r nec:r-e dx and payabte, without demand o~ notKe, cr in the evtm aach and eve.y thr at,pu at~c~s, a~rrr~nenta, cor~d :~a- s a~d covenanvs o! i3 d~ro~r,:swry note a.~d th.s m.o.tgage any a e~ther are not jvly, promprty and f~fl~ p~riormed, d scfiar9ed, e~ewted, effe[ted, con~feted, co~r+p[ ed x~~h sr.d atr~drd 5~, then in eaher a a~y auch eve~t the sa~d ag gregate sum men~io~ed in sa~d pro:niucry ncre theo rana~r.;-.g ur.ra:d, wrth ~me.eit acu~ed. and a.1 mcneys secur~d hereby, shalt bewme due ~nd pay- eb e forthw~rh, or rt~ereafrcr. a~ the ep+~on oS a~.d RtC+2TGAGEE, is f~:~y a*d co.r:p'e~e1y es ~f a t uf rte sa d suma of money were u~g~nelty sup~~ated ro be pa:d on svch day, an~th~ng in sa d p~o:^;ssc.y note or ~n th~s Idxrga3e to the cor:r•ary nor v:r?:sr3 ed,ng; and there~pon or ihereaftd at the op~~on of i~•d MORTGAGEE, v`irhout nor.~.. o~ demand, s~~t at law cr in equ.t~, thereiwe or ~hereaStrr oegun, may be proxcuted u if all moeeys secured hereby n,d maturcd pnor to ~ta inst+tu~,on. 7. That in thc event that at fh. beglnn:ng cf or at any r:me ~.~~d rtg a*.y s:~~t upo~ t!+is Mo~*gage, or to forectose it, a to reform it, or to enforce payment ol any cia~ms he•eur.der, so~d t.10:.T;~AG_E ~tiai: ,.pp!y to me Cce:r! ha+~~y ;u•.sd:cl.oR tce:~_ot tor the appo:ntment of a Reee~ver, such Coort shaii fcnhwith appomt a rece:ver of sad~ mertgaged , re;vrty a~i and s:ncv:ar, ~~c:ud :+g a;~ a~d s.~~u~a+ tne ~r.ceme. prof~t~, isiues u+d revenues }ro:n whatever aource derived, each and every of wi,ch, n ~e.:;g erp.ess'y v~dr~s!cod. 4 hereay mor•y~ged aa ~f spec.~~cai:~ xt forrh and destribed 'm the granting and h~bendum c'auses he~eof, and wch Receiv•.r st,a~: ha~e a i:h. b.~ad a•~o Ef'K'~'•° r~~••a c~s a•~d ~-„ve~s in anyx~se entrusted by a Court to a Receiver, and s~ch appoin:me~~t shali n ade by svch Cour. as an ad~-,at_o eq,:ay' and a r^a~+er ot abso ~re r.gM fo sa~d AtORTGAGEE, and w~tho~t re4erence to the eciequaty w~nadegvac~ of tF.r va:ue o{ the Froyerry me~foaged or io rne s;.-~-ncy or .rsv .r~+c; oi sakd MOR;GA(',OR or th._ defendants, and that wch rr^~s, profits, income, issues aod reveaw:s sha~+ be app~~ed b~ s•.ich Recr~vE~ ac:ord.~.y to ~t~e :~en or cqu~ty o! sa.d Nk7RiGAGEE and the pract~ce of such Court. . B. To du!y, pror~pt:y and fu:~y perform, d~schar~e, eaec~rr, eifect, camp~etc, co**.p!~ vc~rh aed ab~de by each and ever~ the stipulat~ons, ag.eements, cond~tions and eover.anes ~n sard p~omissory note ar:d th"s m~rrga3e srr torrh. 9. That in the evem the ownersfi~p o( ~Fre morrgagrc+ p.r+ises. o. a.+y part rhereoi, becomes vested in a pe.son other than the MORTGAGOR, the : :'.GRTGAGFE, its tucceasws and ass:~ns, may, w~tho~~ nonce to the VtORiG~.OR, dea: w,~h such successor ot wccessor in inta~est with refcrence to th~s - n o~tgage and the deb~ hereby sec~red in tht sa~e :-,a^re• as ~rh l: :,r:gago• n tf.ovt in any wry vit.atinq a d:xha~g:rg the /Jlortgagori liabiiity hert ~~der or upon th. deb~ heroo~ sew~ed. No sa,e of fhe F.c•-•:s*s h-_rrb~ T.c•rgaged a~d ~c fo•bea~anee on the part ef rhe 1A08TGAGEE or it~ succ~ssors e• ass~gns and no exren~on of rhe t~me fo~ the payment of tne d-b~ he,cby xcured g+van b/ th? lhpSt'GAGEf o~ its wccessars w ass~gns, siia7l operate ro re+ease, d~scharge, modi(y c!wnge er affe:t the or~g.nal :~ab 'sy of the tl.ORTGAGOR here~n, tither ;n whofe or :n par~. . 10. ft is spec~lical~y agreed that tim._ is of the esse^ce ef !h7s co~tracr ar.d tha~ oo waive~ of any ob;:gatwn here~nder or of the obligat'wn se- c~red hereby stiali at any time thereafser be he!d to 6e a++~ai~e~ ef t?+e ter.ru f~ereo4 or o( ~he inurvmem secured herby_ I 1. In audn o-. !o ~h~ eoreac n,~ ~om~ !Y payrents ef ;.-+:-c , a' ind i~~erzs* rr~v~red by Me prOm SSCr~ r.o•e sec:,~rd he+eb/, mo:tgagor covenants d agrees !o pay ~c T.crryagFe n+r1~ each' onrh~y ;.a~r. e~r ~n zdd~r,w-al' su^+ ts• cated b~ mortgagea to be equa~ b 1, 12 of ~tie annuaf cost of :he loilow- •3 A-A~{ rea~ propr.'y t~¦-s ~e~:e~ o• JS595S_, yy-r3S ~h_ ai_o:e d~,cr,i~d r_a: es•a•e. B-PteR,~:~s on f~rP ard ri~^e5to •r. .rs,;rs•cr as i~--c n•~~., red to cr ca..,-d c^ ffie .~^;_•~v?-^ei!s s'uate-on th: abCve d:su~bed premises. C-Prtmi~:•~s on such mort~=.gP gua~a~•~ ~c;,ra+ce as ^.c•rga~~e s^a„ fro^ • _ d~-e:-ti fer to cany on t':e loan secured hereb~. - 61o~tgagee s%+a~l f•cm e~~-.e ~o ri^:e no~~+~ me•~yi~or in ...:~ing af tF.e a-c_~r d~e ar.A payable I~ezeundr• and such wT: shall thereupon be due and ;.-;ab!e on ehe d~e da~e oi ~he ne~r r:G~i~f.~ pay~,_ne and e~ch succes:~+e T+.x+ih lhertjftpr ~..r;! rrwrtcjagee s?w?~ rbnfy mortyagor of a change in svch a~ o~nt. $uch sums eta:i ;;e aF;.':ed b/ mC~*gagee to..rd tne pa~+re^t o', rea' procPrt~ taxes, i*~sv,-a :ce prem ums, and mortqage g~aranty insurance r • e ~n wms. IN V/ITNfSS L':HER~OF, the sa~d r10RTGAG~~? has he*r.,~to se! h;s hn-.d aru! sest t}r_ dr~ and year fe:st afwesa~d. ' S~9~ed,~and de!~vered in the prese~ce o[: r I _ / r' • . • ~ C'tn..,-~-i ~ - - ! ~ $!A~) ~ - - ~ 1 ~ : . ~ - Bern e a~es cs-,n i - - • _ - • . - . C :1. 3- : f_ 1.:.1F o.,~ ~ i.,-~. z - f ,~L.~- • ~ ~p~ • ' - ~ Alexandr~a~° a~es i _ - ~ ~!scs.~-~ (Sea1) ~ S?.%.TE OF F~ORIO~ 5 g Za AN'll ~ 2 ~ ~ou.'~TY OF St . Lncie ~ ~ ~ Before me personatiy appeared Bel~tle ?ha~ea 3~`~ Alexaifdria Tha~es his wita to w'~e well krawn and know~ ~o m~e to be ~ the individ~als described in end who executed ?he foregoing instrument, and ac4now:edged before rrx that they exer-t-d the aame for the purposes ~ rherein expressed. And the sa~e Alexandria ?hs~es ~e of the sa~d _ Bernie T~tes ~ - - upon a separate and private ~ e•a•n~nation by me taken sepa•are and apa~t from her sa:d huaband, ac4now,ied3ed to a~.d befae rrK that stie l7cKtYfCJ sa~d in~trument freeiy and voluo- ~ar~ly and w[Ihout any compo:s~on, constra;nt, a~prehens on, w fear of o~ fr~m her said husband. . i > , / ~ NiITNE55 my hand and offiual seal th~s_ .~L ~L day cf Jansarv , A. D. 19 77 j t ° c:r~J ' l~:etary Pu in for the State of Fbrida at Large s - A1y Co~r:mi s:on expues: 3 Retum To: i Notory Pub~c, Stcte nf fi~rE~~ ot I~r3r First federal Savings 3 Loan Assoc~at.on My Coa:r. ~s;:c : fxr~r~: J~,!•• 2i, 1Y77 ~ Of fc•t P e c, dpnded by I1+siencan Fir. t Go:wl1 C4 g f;,rt P,e:c?. Fl;.r,oj r F ~ ~ - ~ This Instrument Prepared By J. Hsl Robetts~ Jt. ~ ~ First Federai Savin s& Loan Assoc~aticn ~ of Fort Pierce , Florida ' s ~ ^ r_~ `i ~ Checked By j . - ~ ± - ~ - • ~ : ; B~~1i Pt , , ~ f. ~ ~ ~ ~ f • ` t , ~ , • si~ - ~~/'i7it~t:t~''~~~~ ` ` ~ sh . ~ ~~,~rs_ : _ . . _ . - -