HomeMy WebLinkAbout0052 3. To pl,~ce a~~d i~~minuoas~y lecp un N~e L•,. qs r,o.v u~ he•e~fr~r ~nu~~r o~ ~.+~J land and o.~ a'! ~;+.~•.P~~t a~d persor,sll~ covered br thh mo~eg-
sys. wlth a!1 pre~ni~•ns Ih..reo~ F» J in fu:l, lirc ~ r,..~n:e ~n th~ i.t~•.~I s•,+~~d.ud ~:u:~tY +orm, ~n a i~:~~~ ••ti t,ru.cd bi the MUR~IaAIiIE. a•~d wmdsWnn
in~urance i~ ~he uwal sr~„d~rd ~•a' cy Ir„~n, in a+~.,:,i app~u.rd l~; ~he AlUR1G.AGEE. t~ wch c~,",~a~~r o~ canpanlrf •f i?~e AtOR1GAGEE .nay
d~rec~; and ali fire and w~t~de~cm~ ~r~s,:+a~ce pu ~c:•~s en any of »~d tw~~d~nys, any i~te~rsl th~~.~~n u~ ps~~ th~•reu~, in Ihe agy~eg++e sv~~~ •laesan! or
In exCHf Ihermi, thal) ;uMain the us.~n~ ela,~iia~d ,~:o~~yigee c+.~ust or t~ch o~her t~a~se at Ihp Alortyayce ~ney reqwre, ma~~~•g ~~~e laft unJe~ s.~~J po~h
cies, each a~~d eve~y. Paya1>'e ro aa~J ~~vRI~AGEE ~s ~n in~erest •+~ay a~~p.ar, a~.d r.ech and eYCry s~~ch ~~o.~c,r sh.~if i~e pron,p~iy s~+g~~ed and de~~vcrrd lo
•ny held by se~d A1lURIGAGff at funhi~. sec~~~~+y ro s:+id ~~~o~ty+,;e dcbl, a~~d. no~ lefs than fen (It?I dayf in adva+~ce ot ~he e~~~~~~~~o~ of each pol~cy, eo de-
live~ to S•~:d S10R~GAGf E a renew•+! ~~~e~cuf. ~oyethrr w~th a r, ca~~.:t for Ihr {xe~~uv~~~ of suil~ ~r•~rw~!, e~d ~I.ere a~~+~~ br no i~re o• xmdsta~m insu~ance
plsceJ on any uf sa~J bw'd~~~ys, aoy i~aeictt th<<e.~ oe ti~e~~ the~col, u:~'r+a in ~ht form and ,nnh ~6e ,ost payau~r as afc~esa:J; anJ in Ihe e~ent any ium
of nwney brcanef pa~al:•, ~~n~er such ~,u+~tV or poLu.~s s:,J /4t;;R1GAGEt s?~~,II have ~I~e eyhun ~o rtc~•~v~• .~~~d ap~,iy 1he sa~~~e on iccou~~t ot ~ht i~.Jel,red
nl~i tlGwet~ hpteby Or !v pPmi~l s~~d A10RiG/1GORS 1o f~~cr~v~• a^J ule il Pr .~vy r} th.. .~~~1 Inr ,•i.. . c t•-S :.+i•~. r!1~ :..~~i~:~ .~r ~.~.~~.,r.
i~g any equ~ty, lien or r«~ht und••r or hy vi•t~•G ol Ihis ma+'y~ge; and in 1he evP~H sa~d MOR~Ci~1GURS1sha!1 fo~ any rea~on 1ai1 to keep ihe said ptem~sH so
mswcd. o~ iei! to <ie~~.~~r p•onyilty any ut sa~d ~'oi,ci~c ol ~:nurance ~o s:~;d A\ORTGAGlE. or i~,i ~~ro~•,{ ~I; ro ~,ay t~~~ty any ~;rrn~u~n Ihcrrfor or in a~~y
respect la~l tJ E~~~orm, d~scha~;e. r¦e~o~~. cf?ecf, io~•,~,!ct~. co~~~.ply w~!h and ab,de b~ tl»f ~ove~~a~H. or a~~y par! fi~reof, s.uel MUR1iv1GfE ~n~~ay piace a~'d .
pay (or s~ch ini~rance o~ any part th~~~~i w~~~~out we~ru~q er alle<~~ng any opt~Wi. lirn, equ~ty, or nght ~nder or by virtue o( ~his A'1o~tyaqe. and tht ~
Iv~l amount ol eech ~~+d e~e.y ivch pa`~~~ent ~helt Le ~ n:ncrLatelr cjue ar~d payable ar.d shaii 6ee~ +nlerest I~om Ihe date the~eo( uMil pa~d at !he rete o)
mn! {xr Cr~uvm ~,er an~w:•~ en:~ tu:;•~the~r .~rth wt!i ~••.e •ose yh.,n s~~:u:~•J 1,y ~he 4en ol thh monyage. ~ ~ '
1. To penn+l, ~ommit or s~~fi~r no waste, imp.~~rn•e~~t or ..lctenorahe+i ol sa~d {~rope~ty w any parf thereoi.
5. To pay at~ and sinyula. the cests. cha+~~f a~+d ex~~rns~i, ~n~lucJi~ig a reasonah~e anorne•;'s (ee and eoe~s of ehs!rocb o( t~tle, incvrreJ or pa~J at
anY fin•e by s~•d ~~oaTGnG!f, t~~s~so rr in 1hc evf~~~ 01 thP fa~lure qn i~eC pa~t ot the said A1~ItTGAGUR to d~ty, p~orrptly and (ully perfo~m, d~athdrge
e¦ewfe, effe~~, canp:ete, ce•++pty w~~h a:~d ebde by ~~ach and ere•y ~he s~~H~~anons, agr.•.;~nents, ca+~J~hons, and covenanrs o~ sa~d promiSSOry note and ~hn
moefgaye any or e~ther, and sa d wuf, ~ha~grs e~~J e?FCnse+, each and evrry, shall be mm•~•d~ately due and payal'e; whe!he~ ot not ~here be nohce de
mand, atte~»p+ to co;lec~ or :~it prnd~~~g; and ~he fult amov~~~ o! each a~~d eve~y wch payme++t sFwU ?~ea~ ~ne.•rest l~d+n ~he date ~he~eof umit paid a~ tfie
~,fe o~ ~~,•~e ne~ o•~~s..•=. ~..~r d, . ~•~cJ a~t saiJ :~nts. chr•~~es a~ d. s~:e.~s~s ~ncur~ed or F,a~d, ~oyelher .v.~h such n,rerest, shall be tecureJ by the I~en of th~s
mo~fgsge.
5. That (a) in th~ even~ o( any b.eech of this Mortgnge ar defa~h on 14r part o( the MOR~GAGOR, o~ {b) in ~he eveM any ol ta'd svms of money
heretn ~eferred to be r.ot 4~ro•n~ r;y a~~d fu:l~ pa~d w~~3„n th,,tr ~30~ da~s r~r.s a•r... tF~c s.+~•~e sc.e~a'i~ ~~ca~,e due and pa~able. w~ihovt dema~~d o. net~te.
o~ (c) in the event each and eve~y ~he et.F;o.a?.~ns, a~1~ee~~e~,+s _",e6r~e,~s a•~d cu.ena~~ts o' sa J~,ro:.,~sw~y nu~e a~~d ~h,s morfg.tgE a~y or either are not
iuty, p~ompUy anci f~.!+y perlon,~•~J, d scha~gcd, earc~trd, efieu.~d ce~.,p~eted, comGrLed w~r?~ a~d a!:~J~d Sy, d+en in e~~her w any such evem ~he sa~d ag
gregate sum mem:o~~ed in sa~d ~~ro~~~~ssor; nc.te +i•en re~*~a;~~~~~a ~::~~a~d, w~~h ~n~ere;~ accr„ed. a~•d a~t ~»c~e;s sec~~~ed he~eby. ~hall brcome due and pay-
ab:e forthwith. cr H~r.ea!r.,r, at fhe c~,,,on of s~~J !.:il~~ci;•GEE as tu;{y arrl conif.'r~ely as a~i of +I,.e s~•d sv,ns o1 mo~~ey were a~g~~•aSiy snp~iated
to be pa.d on such day. anyt?,:~,q u: sa d~uw,• ssory r~cf~ o~ ~n rh:s hiortgage to tho ~pnzrr~y ~~u~v~~~hst,~•:r! •~y, and thereu{~on or lhereal~er at the opt~on o(
sa~d MORiGAGEE, w~~h•~ut c:oT~.e o~ de:~~i,.J: sv~t a~ ian oc ~n equny, ~he•etere o~ thereafrrr beyun, may be prusec~ted as if a!1 moneys secu~ed hareby
n~d muvied pr~cr to f~s rut~r~i~un
7. )hat i~ the e.enl thnf at rhe Fmyinning o! or at ar~y t•~-~e pen<i~~~7 any s~~ ~ v~~o~i rh;~ Mo•r_~nge, w to ioreclcse it, or Io re(am i~, or to entorce
VrYme~l of sny clai~~~s herewtd~r, sa+d ~d~JRTGAGiE sha1~ apt:~Y +o th.. tov~~ heJ~~~y ~v~:.d.c~.nr~ ri~e:r..! fer the apHo ntn~ent of a Rect~+e:, such Court shat)
forthw+th appci~rl a rece~ver o~ sa~d ++~wtg~ged proFerty ail and sin9i~!ar, inc:~J «g ai: a~ d s.~+av~a~ ~~.e ~^co~~:e, p~of~tf, iewes ard reve~uel hom whatever
sewce de~~~ed, each and ~very of ,vh ch. tm~-~g ex~•r~u'~ ~~~xle~s~eK~J. is he~••L•y n+e~+gagrd as spec:~~caily set fo~~h and desu~bed in the g•anhng and
habend~m clai~ses hereu(, and such Qcce~.~~r shail have aif the b~.:ad a^d eflec•-~e t. •~ct v~.s -+~d puae•s m anyw~se ent~us~id by a Cv~*t lo a Rece~ver. ~^d
s. ch appoi~.+r~~e~~r ahait L-r made by svch lov~t as r~ ad ~~~urd eq.,.~y a~~d a ~•a~re~ cf ~!:se;vr~ r~gM ro said h~URTGAGEE, a~~d v?~thou~ ?eference "r~lhe
ad•rqvacy o~ inadeq~arf of ti:e va;ve of the ~appri~y :no•t~agec~ o. ~e t~~e sv ve~~c~ er ~~~su .e~cy el sa~d A10R~GAGOR w the delenda~ts, and tha~ s~ch
n•~n, pro~~+s, ~ncome. ~ssvr•s a~d re.envrs shaEi L: ap~;.~ed by wch Rece~ve• ••:~~~~d:ny .o ~he I~en w eqvdy o1 sa~d MORTGAGEE and the practice o( wch
CovA.
8. TO clv~y. ptamp.t4l and iu•~y ~es~or~n, d~scha~~C. CrPCL1n. C~}^rr, cn,~pt~ sc•. ~u.~,~.~y w~th a~d ab~de by each and every tF~e stiFubtio~~, ag~eements.
:o~~dit~o~s and cuvenanfs .n a~~d prom;aso*~ no!e ar.d rh s m,,et aaqe s•.r ivrrt~. .
9. That in the eve~~t the o~nne.sh~p o1 tn? ~,:o.r,~..ged ~,rc~~:.sFS w a~~v tfMrcrf. Lecon+es ves~ed in a person o~her than the MORiGAGOR, ttie
A.ORTGAGfE, i+s wrc.~is~~.s a..d as<r:ns, rnay. N~+I,rn:t t.~ r+,~ :",pR1GnpR, d~.~I ,v~!4~ s~ch wccessor or s~:ccessor in ~neerest w~~h ~e1eren,e to this
~••mfga~c anJ thr d:.b! hc,ebr se=!z-ed ~n the :a•,~e ,•za„n,• as ~:}h J1J,.~y.igo~ w:thout ~n any way vit:ating or d~sct~a~y:,,g 1i~e Mortgagors' liabii~y fierr
under or ui:on the d.~t,t }~:auy sra.;i.-J,-- fJo saie oE ~I~ F«,~..u.~ ?~~.~~y ~~~t~aytid and ~w for4eara~~ce w~ tf.~ ~,a•~ oi ~F.~ MORTIiAGEE o+ its wccessars
o~ ass~~ns a~.d ^.o eatens~on o! fhe hme {er ~h. q ayme~•~ ~f th@ deb+ 6~~e4~y sec~.ed given by the tlOR7G1~GEE o. its wccessur~ or ass gns, s~~a~l operate
~o rrease. dacha•ye, rroJ~fy change or afiect thQ arig~rw! Gau.:U~ oi the MOkIGAGOR herein, either io wrhole or In par~.
10. It ts s;~~c':~.~~+y aqreed rha~ f(me ~s o( ehe esse.+ce oF th~s co•,tr~ct and that no waiver of •ny ob~ig~f~on hereu~der or oI the ob~wat~on se-
cu.ed hereby sha'': ee a~+y time ihereafter be i~e!~ to be a wa~~e~ ot ~he ~err~s hFr~t or o+ the insr~un,ent secu~ed herby.
11. a~l•l rc ,~o ,hc !•xeyo n3 n~oe;et,~y ~.ati~,~.~~es •7t pt~~.c ~ a~ ar.d ~„~.•~rs! requlred by the prom ssery ne~e sec~~.ed he•~L morl~agnr eovenants
1„d agr•~es to pa: rc• ~-~y.~g~•r v.rh eacl, ~h'i ~,~,..e•,f ar ari:L•~c~~a! su.,~ ••r •»u•d b~ mo~ty,yn_ lo be eqval to t. 12 04 ~:,e an~~~al cost of the }ol~ow-
i n,;
A-Afi rea+ ~..upe•tq ra.ss Ir e. ax~s<-.•-i ~~~t~ ~i•.. a4s~.e ~l,.~v•{t.:,{ .,,wt ~.rare.
g P~..~..,~~...s o~ 1n~• rnd r~~,id:'~,•m Fnsuu~••, as here~•i rnqv+~d ~o b•- ~.".,•:i ..n th~ .r••;.r,~ven.~nts s~t~ate on t{.e abeve drsn;4Nd prem~ses. .
C_ --Frr.^~:~~• s on such n,wtg;;ae gva~3ntl ~.s,~r+r.~c as n-~orrgsyee shail Iron. ~:~ne •o !:~ne de~m fit t~ carry on the ioan sewred hereby.
Morry.~oe. s~:n ! t•~:.n ~e ro 1~~• c rot.f; mc"y~~g~r r:~~r~~~g of the a~- o:~~t d~c a~d pa~ah'c he~evndar and s:•ch w••, shall thereuHon be due and
i,yab!e on d,e c1~e da•n oF ih~ rtert nip•~th~~ p.:,..n~+ a•~d e-ch e~~cressive «n•.el~ tf~P~Pd~F~f v~,~i4 mortgagee 3ti311 ~ot:fy mor~gayor of a change in wch
e...ovnt. Su!~~ s~~~~s s~ i' i.. a; y."~ -.i ;q. wr:a•d +1... ,>ay„ e•:t ot r.,.ai ~,.n~:?~iy tw.rs, ins~nanra pre•n.ums. ancl mcrigage g~a•anfy insurante
{~'f•n~UR:S-
IM Y~liftt55 :;'H:RFr?f. tAc s~7d :'ORT~~:;;~:;k has ~~•.,c„~ro s~? h~: ha: d a~•d s~al rho ciay and yf5r 4;rs~ a(o~es~~d.
Signed. Sealed and d've in ~he p.ese~ce o(:
. ~ 1'`+^-•~ ~~~dy C../
_ ~ _ : . , ~U - (Seaq
_ ~ ~ . J. . . , y f r f ~ p - aya= -/'//2L (Seeq
: , ni.~
` ~ r r~< < s~ f R t~ t S~._-,~Y (5ea 1)
_]E~ --~.~4~. _ a- - _ CSeap .
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S~A*E OF FLOR OA ~ . ! S5. J~N 15 9 3s AN'11
~UUNTY OF _ . . _ St . Luc ie ~
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Before me personall~ a,,p~a~ed _ _John 14ayer _
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_ ~=is_ M•_ M!9~/er _ h;s wi1e, to me well know~ and koox•s ~O me 10 be
!ht indiriduais descnbal ~n anJ who execu~ed the forego~ng instrvment, and acknowledged before me Ihat they e+eecuted the same io~ the purposd
~herei~ expressed. And the sa~d ~O=i9 M. Mayer
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r.~~e of the ~a~d _ ~Ot1I1_ ~ayel upon a sepa~ate and p~ivate
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r•am~nat~on by me ta~_~ scpa.rt~ and . n~+t I+c•n her sa~d h~sba.+d, acknovvledqed to and beFn.e r.~e that she erecuted said instrvment lreeiy and volun-
ra~sty and w~tfiow any com~,~~'r.on, ca•~.st~a~r~t. app•ehnns:o~,`~ fear of or f.om her said husband.
\YIiNESS my har.d a..d o~fival sea4 thi~ _ ~ / , L~v day of `_Jan~lary - _ _ A. 0. 19_77_
- ~ ! Ji~
No~a.y Pub~~c ~ a~~ lor the State o( florida ~t larg. .
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- _ Mt/ Camrn~sst Cxpi~es:
2erum To ISoMrf ?c' li, Srit- e~ fio•I-1, a1 largr
fint Fede~al Saiings 3 loen Aasoo;'~~.+ A1y Cor.r~~:is::~~ E.~•:rs Sot, 72, 1977
p! Fn•t p..c~ 6pnded F.y A~r¢ri:an F~c G Casu.:lq Co.
i<yt Ci.•r~n. itc:..,!, .
This Instrument Prepared By J. Hal Roberts~ J=, _
first federat Savings 8 loan Association •
of Forr Pierce ~ Florid2~ - _
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:
_~;i
Checked BY - ~ ~j ~(~'c~ ' ± '
_ ~
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~ BG~K ~:lJe7 PACE . .
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w .
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