HomeMy WebLinkAbout0042
~
~
3. To p~ace and cen~,n~ous~y ~eep on fi~~ L~~~ ,l~+~~s ~~ow or hereafter ti~t~ate cn s~~d !and a~~c1 on ali crj~~6p~nrn? and persona~ly ce~ered by ~hi~ mwtg-
ege, wi~h ail prem~u:ns th_reon peJ ~n lull, fir:: U1S4~o~:CN ~n tF~e uso.~l s~.+~.d.~~d poi~t/ lorm, in a sum a~.~:ro+rd by the MGR~GAGEE, a~,d w~~.dsto~~n
insurance in iha usual stand,~d poI cy lonn, in s w:n a~,prcrrJ by ~he AIORTGAGEE, in tuch cor~~pany or companies a ~hQ MORIGAGEE may
d~rect; end all }ire and w~nJswrm ~ntu~ance E,o~.c~rs on a~y of ia~d b.nid~ngs, sny interes~ ~here.n or part thr:eol, in Ihe aggreqa~e sum •Iweseid or
in excess thereof, shall centa~n ~he ~su~~ si.+~•dard r.,o~rg.:gre cia„se or wch oihcr ~;euse es the ?1lortgayee may ~equ~rs, ma?in~ ?he lofs under tio~d po~i-
cies, each and ev~ry, pa~a~~!e ro sa~d 1tJR/GAGEE as ~~s ~nic~est may appear, and each and e~ery wch po~~cy tha11 be pron,Ntly ass g~ed and de~nered ~o
eny held by sa~d MJRIGAGEE as tur~her a_cvr~ty to se~d ~~:ortgaye d~bt, and. not !es~ than ~en (10) deys in dl~IJn(! of the eip~ra~ion ol each pol~ty, 1o de-
Gvei to iaid MOR(GAGEE e.r~~ewa~ ~hcr~of, tugerh~r w~~h a rece~Ni fa Ihe pre~n~um of such ~enr. eoi; a•ed d•«~e shail be rw Lre or w~nds~w~n inwrance
placed on any of sa~J bu~~d.~~gs, any mtrrest thrre~n or ~;art ~f.erroi, un'rss in the ionn and woh the ~oss peYaLl~ os a!cresa~d; nnd i^ the e.ero any sum
of money becornes pa~abte undrr scch ~~el~cy or poi~r~~s sa~d M.ORIGAGEE shell Aave the opt.on to ~ec~~vc ~~~d app!y tl~e sa.ne on ec:ount o( the indebt~d-
ness sec~~ed herrby or to prrm;~ sa~d MURfGAGORS ro rece~vc ard use it a any part ~I..•:uo! 1~.r o:r~ ~~.u~; :s~•a. ~.•~h•.,~:t ~h~~.,, n.,~~~~~ w~•~:p.+•-
ing any eqv~ty. Gan or r~gM under or ty v'un,e ot ~h~a mo•rgage; and ~n the event aa~d MORTGAGORS shn!! for en • reason tail to keep ehe sa~d premisei so
~n3urcd, w fail 1o de~i~r. promyhy any of s.~~d poi~ue+ c! ~nsurance ~o sa~d AIURIGAGEE, or f~~i p:;.mprty to pa'y fui:y any pr,..n,,,m ~herefor or i~ •ny
respect lail to perform, d~sd~a~ga, rxrc~tr, efirct, co«~ptrte, co•nply wiih and ab~de by ih~~ covenant, or any par~ hcreof, said MGRTGAGEE may p~ace a a
pay fw s.rch inw~.,nce o~ any part ~h,:feuf v.,~ho~t ,na~ving o~ aSfc•cring any optio~, Gen, eqvity, or n~hf under w by v~.tue of thls Alortgage, and thc .
fvll ama,nt of each a~d e.rry s~ch peym..~m shatl be ~«~~ned~ately d.,o and payable and shall k,ear intrrrst from tFw da~e th•_reoi until paid a~ the raTe ot
n~n~ pcr Camum per anr.wn o~id to~rtl.;•r w~th wch inte-~st sh~~~ .x erwrrd hy the Gen of th~s mortgage.
1. To permit, tommit or wFler no waste, impaim:•~nt or detenoration of sa~d property pr any pa?t the~eof.
5. To pay al! and singutar ~he costs, chargea ar.d e,~pe~~~es, including a rcasonab+e st~orney's Iee and costs of atstracts of tit!e, inwrred or pa~d at
any time by s~~d MpRfGAGEE, bccause or in ~he event oi the la!iurc'on the part of Ihe said MORTGAGOR to duty, prompfly artd futly p~riprm, d~uharge,
eaecutr, ef(ed, canplere, co~nply w~th and ah:Je by each and eve~y ihe stipu~af~ons, agreec~ents, conditions, and cever~ar:rs of seid pro~niswry note and th~s
mongage any o~ e~iher, ar:d sa:d coats, chargcs a~~d e+penses, each and every, ~hail be ~mmrd~ately due and yayable; whe~her o~ nol rhere be nonce da
mand, attempt to co'tett or svit per~e}.rg; a~~ tiw .u~:vu,ii of e.ich and evFry wch parment shall bear intereat from the date thereof until pa~d at the
.,~re o~ nene per ccnt~•n prr am~~:n; ~nc: aN said ccsts, ct~a~~es a~~d e;;:e~ises ~nco~red ct pa~d, ~ogrtf~er LYJ~I such interesT, Shatt b! sectrred by tM l~t~ of lktia _
mortgage.
6. That (a) in the event of any brrach of thcs Morrgage or deFav~~ o~ the parl oi the MORTGAGOR, w(b) in the event any of sa;d sums oi money
herein re(erred to be nof pranptiy and fulty pe~J w~r!.i.+ th:rty ~3p: da~s ncx~ a'~er ~he s..~~~c se.era':y become due and payeblt, w~thout demand o~ noti.e,
or (c) in the event each and eve~y ~he snpv:a~~ons, ayrerments, cond~~~o~~s and covenanrs o! sa d p.om~iswy nose a~~d th~s mougage any or either are nol
~uly, promptly and fully perfo~med, d schargcd, exec~trd, efieaed, canplete~, compi:ed wnh and ah~ded 5y, then m eithet w any tuch eveM the sa~d eg-
gregate s~m mentiontd in said pronnssory r.c,t~ then remaining vnpaid, w;th interes= accrued, and aif mone/f setured heteby, sha:~ become due and pay-
ab~e forthwith, or thercaitci, at the op~~on of s.~~d AtORiGAGfC, ax 1~Ny a~~ comptete'y aa ~f a~l uf tl,~ sa~d sume of monay wtre w~ginally st~pu:ated
to be pa~d on such dtr, anything in s~ d pran ssary note or in this ~dort~ag~ to Ihe tO~~~rary notx~~hsta~~d~ng; and therevpon w thnreafter al the opt~o~ Of
sa~d MORTGAGEE, without nof~ce or dernai:d, su~t at taw or in eq~~t/, the~efwe or thereaf~er begun, may be prosecut~-d as if all moneys secured hereby
h~d maWred pnor to es instrtunon.
7. Tha1 in the cvent ha~ at tne hegi~n;ng of or a1 nny t~me pend~ng an~ su~t uFon th~s Nortgage, a M Io?etlose it, o! to reform it, o? fo enforce
Faymem of any cl,,;ms he~eund_r, s~~d :::JRIGAGEE shalt oj:r~y ro the Cou~t hjvmg ~uri~d,cnon the~eot lor the appo~Mmem of a Receiver, such Court shell
fe~thwirh appcmt a rece,ver o4 s~~o me~tgag~•d F~oFerty ai1 and s~ .gu:ar, in~t~J ng a;i a~~d s~~~~u~a~ the income, p.ohts, issues and revtnuet from whate~er
~ou.ce derived, each and every o( wh ch, rt t,e;,,g exp:e_z'y unde~stecJ, ~i h:erc:,-y mortgegrd as if spec~l~catty aet forth and dewibed in the granting a~d
habendvm t~avses hereof, and such Recr~var sha~i have ait the br„ad and eifMn.e funct c~~s and powers m anyw~se emrui~ed by a Cou.t to a keceiver, and
r_ch appointment sh~i~ he ~.~ade 6/ svch Cv~~~ as an ad•n~Tr,-d eq..~ty a~ut ~ matter uf absolvte ugM to sa.d MJRTGAGfE, and without ~eference to th~
edequacy or fnadeg~ac~ of ti:e va;ue of the p~oprrty mo~tgeged or to the so.vency or ,n;o~vcncy of sa:d N.ORiGAGOR w thr defe~dants, and thal such
rems, profits, income, issves and ~eve~:ues shall be appi~ed by i~ch Rete:iver accord~ng ~o the liert w equi~~ of sauJ MORTG,~EE and ihe practicb of wch
Court.
8. To dut f, promptty and futiy pe~form, d~:charge, exec~:e, effec~. co~!ete, cwrpl~r m,[th and abide by each and every the sfipv'ations, agreements,
:cnditions and tcvenanh ~n s~~d promisto~y rtore arsd th:s mo:t~aqe sct Foreh.
9. That in the event ehe ownership o~ ihe mor!gaged prem~ses, e+ a~~y part tncr~of, becomes vested in a person other tfian the MORTGAC,GR, the
h10RTGAGEE, i~s wcceas~s a~d ass~~ns, may, w~~hovt norice to rhe ASORTGAGQ, deai ,~vitb s~ch successor or successor in interesl with reference to this
~-o~rgage and rhe d~ot hereby sc:vred in th._ sam.e manr.~• as with tl.or.gaqor w.rhout in any way vit:ating or dnchargino the /Aortgago+s' liabiiity here-
u~der a upon the debr h..• euy sec~~ed. tvo sa e oi sl~a Fren:;s~s her~•hy mc~tgaged and rto fo.tea~a~ce on ~hr par~ ot the /AORiGA~•~E w its suice~aors
or ass~gns and ~o exr:_nilan of the hme fw the paymem of fhe debt heret,y sccu•ed grven by t{x MORTGAGEE or its auctessws or ass;gns, ?i»II operate
ro re!ease, d~scha•ge. mad~fy char.ge or affect the orig,nal l~ab~::t~ of the M.GRTGAGOR hereir~, tither in whote or in pmt. ,
10. It is spec Ftcally agrecd that time is of the rsscnce of tF~s cantract and that no waiver of any ob~igation hereunde• or of the oblioation sr
cured hereby sha!r at an~ tir~e cnereafter be he:d to be a wa~.er oF rhe lerms hereo( o: of the ins:rumrM secured herby. ~
I l. In .;dd re : ro fhe forego'~~9 monih~y p~ym~MS of p~inc pat and inr:.;,,v requi:ed by the prom ssr,ry r.o!e s^r~red hereby, morig,g~r covenants
and agrees to ;~ay to r,o;igaqee v~rth eacn mc~~tnly ',ay..ent an aiid~~ion~l sum est r:a~ed by morrgagte to be tyuai to 1, 12 of t5e en:wal cost of the (ollow-
: •3:
A-All r~al p.ep.,•ty t~~~s ~ev~e: or a:sess-~i .~,r:s! iFe aL•~c.~ d-;sc~i'o~~d •,•al es}ate.
B-Pr~•ici~:ns on f~.c ard v~:ndst~•-r, ~nsu•,•• as h.~•e:n n~q,~ r.~ to be ca~ncc o~ the :n..rroveme~ts s:tua+~ on the abovc descnc,rd premiaes.
C-Prem~~:.•s oh suth n.crt~+ge gua*ant~ icsura~ ce as mcrtgayeo_ sha:l frc~^ tme so ti•nr deern fit to cn~ry on the loan sec~red hereby.
Mongagee s?~o!I from c~-.,~ to :;;•:e ncr~f; m.r•ogagr in v~r;ting of the aTOU~t a~e and pe~able t~ereunder and wch sum shaE! thereupon be due and
E ~;able on thr cJva dar~ oR ~he re.t mor•r,'y payr.-ent .~~~d each success~ve .r.onth thereaft~r'.,r,ti1 rtwngage- sha!t not;fy mortgag<x of a change in such
.•ount. Such sums aFa., ~e a;.;,:,rci by mcrrg,gae +ar.a•d the peyn.em of re.~i property ta,ces, inwrance prem.ums, and morty~ge guaranty inst:ance ~
;rFmiums.
IN VJlTNE55 ::HEREOf. the sa~d JY.OR1Gi-GOR hjs F.creu~to set h~s hand and seal the day and year first aforesaid. ~s~
Signed, $eaied and dr~ivered in the presence of:
. y47 ~~u.., c, ~
_ ~
F,. • - ~u~;~~ • ~al)
_ ~ Ili~:y~ _.ts
r~. - FLA. a~rnir zna~es-
~ (Seal)
~ ^r~ ~
- - : r . . c_~rL-r-c f ~-a~?"-'
I, - - ~ _ _ . . - • ~ c l RT exan ria aoes ~s~a )
= "
~
! S ~ ATE OF fLORIDA
! ~ ~Ati 25 9 28 ~'n
! cOUNTY Of SL. Lucie _ ~ ~5~~
i Before m.e personally appeared BeYl11e ~IaveB ~~d
_ Alexandria T}1~i1e5 h~s wi!e, to me well known and known to me to be
the irsdividuats descr~bed in and who executed the foregoing instrument, and acknow~edged before me that they executtd the same iw the purposes
i
; rhe~ein expressed. And the s~,a Alexandzia Thaves
' r~:fe of the said _~~11~~~~1~neS ~ _ upon a separate and private
' e=am~nat~on by me taken separate and apart irorn her sa~d husbar.d, ackno~tedged to and before me that she executed sa~d instrumeN freely and voluo-
i !:.r~1y and without any compu(sicn, constraint, apprehens.on, or fear of or ~rom her snid husband.
WITNESS my hbnd and officFa! eea!- ih;. _;~Lu-t day or_ January A. D. 19??
~ j
~ ~
Notary Pub'~: n a far the State of Florida el Large -
My Comm~ss~ n eapires:
Retum Tc: Notury P~oGc, S?ote o/ f!
First Fcderal Savings 3 Loan Assaclat.on ~o?m'~.•~ S°'~;' -t
r' • ~.i 42. iS.'T
Of Fort P ~•rce
ecndc,~. ~y lvr.e:ic.~ i-i._ 6 Co,.r~!.
Fort Piarcc. F!c.~d~ • y Co.
q1
. ~
This Instrument Prepared By Hal ROberts~ Jr. '
First Federal Savings & Loan Association •
of Fort Pierce~ ~lorida - : _
~
Checked By ~ - - e - .
0' R ,f ~i ~ ` ' _ .
~~7}: ~ Qr wl ii/V 'y .
~ , ~,'ri' • . . . . ` , ~ .
_ ~ll~+i~:~:•...~ S11
. , ~ - -