HomeMy WebLinkAbout0298 3. To p~acc ond co•:r,n.o„s y lr,.+: on ri,~ 1. ~..•.~s r:~rv o~ h~~raUcr ?!~ere cn tio.J !and a~uf on s~' ~•~.,.~.•~.~•ro a.:d pr.fonaHy co~r~rd b~,n~• mo~~~-
~90. W~Ih ~11 p~r~n;~~~~s th~.reot~ ~.dil .n 1:~~~.~, 1:~.• ~~e ~n Ilo-•~~s~~ai S•r•:lo~t~ ~i'v'K~ (Orrn, ~n • S..m e~.y,re.:cc~ U/ Ihd ~.1(.iR~(>>l.iFt. ert~ w,:~Jt~o••n
inwrante in ~he us..el s~.~~.dard N~~:.cy f~r~n. in a~..,~~ a~t-~urrd i.~ ~hr MuRiGAGEE, in svch tc~~~{.a~~~ o~ co~npan.e~ af tnt l:.OkiGAGEE ~+~Y
dnetl; snd dll !iro ar.d w.n.lf~crm :~•~waur ~..~•s on'any ul ~a~d txu d.nyf. any ~~1~BtC1~ ~F~l•IC~/1 u~ pa~t th~•reof, in the ag~~r9~te tum ato~tta~d d
in eYCCSS tM:reol, ihall co~~r.,~n ~he os:•:~ s~~~ JuJ ~...•~~ayue c•.~uta ur ~w_h oeher c+ause es Ihe Mc~iye~ee me~ ~rqv.ro, o•el~ng i~~a ~c~s ~nder se•d po1~
c~es, each and every, payeL'e to ~a:J .':~RTGA(',tE ai ,ts ~:~~rr,~t ~~~ay a~.pc~~, a~+d euh ~r.d evr•y sucA po'~c~ a'~ ?x prom~,uy astg•~ed a~~d de~~vr~ed ~o
a~y held by sa~d MORIGAGEE af (~~~h~r s-cunty ~o sa.d ~~w~~~~ge d.:ur. and, nof te~f th~n ten (10) d~r~ in ad~~nce of th~ ea~,~rohon of each Foi~cy, lo dr
I~ver t0 sa+d 1.10RIGAGEE a ~rnrwa~ u~rrroM, ~uyMher w~th a rrcr.pl tor Ihr prrmwm o1 suth re~~rr..~:; e~d ~!~rre tiw:! Lt no 6rc o. i,,:~,Wtv~n i..furence
p~eced a~ any ol sa~d 6~~!d,~~~s, any i~~tr~rat ~hcre~n or {.arf ~hcrcol, u:~!rss in ~he form end w~th ti~e ~oss payeL'r ~s alo~ese~d; snd in the r.ent any s~m ~
of monty beco::.rf payab'e ~ndrr a:.d~ Ho!.ty o~ pa`.c~es S.ud /:1JKTG~GfE ah.,tl hare ~hr o{,t.on lo rror~+e ~~~d apF';y tha se~ne on ecco~nt ol Ihe n~deht~•d
neis feturrd ha~eby W f•~ peren~t aa,d MI~RTGAGURS fo rciciv.r and ufe iT Ot e:i/ {.•r1 th_•+eU1 fc.r ...i. r ,~s• s ._t tM. ~ ~ ~ ~r p~~:~
ing any eq~~~y, i~en or nyM ~~rxlei w 6y vlrsve of ih~a n+o: rgagc; and in ~he evrnt se d A10RTGAGORS aha!t 'to+, ony ~eaton iail ro kcep ~he sa~d prom[sr1 so
mwred. o~ ~eii to dr~~ver prp:nNtty iny Sa~d {~i,c~te Gf ~nfurente to sad tAURTGAVEE. or 4ar prc~:~.t:y to pay 1~ity any prc•~;~urn thcre~or or ~n d'+y.
respCCl la~l to pe~fo•m, d~sch~~)e, e¦ecu~e, ef~ra, aon~Nt~•rc, co.~,µ~y +v.th and a6~dd Ly 7h~t cove~~ant, o~ a~~ p~r? hcreOf, seid MGRTv%~G~E ma/ p~at!• a a
pay fo~ tuch in~ur.,nce or any par~ th«euf w:~huut wd~~+ng or dI{M~~ng any opho~, I~e~, ey~~~,~, o~ r~~ht u~~Jrr ~ bI v~~tue o~ th~s Mortyeqe, and ~hc
tu11 amouot ol eech and e.zry suth µb~mem st~.~;l be urnicd~atwl~ dut end payab:e a:~d she'1 bear interest }rom t1w dale thcrcof u~~td p~~d e~ tbe ~ote of
~
ninC pfft ttlntv•~1 ~:@/ dnn:i~n tO:J.•iF.rf v~~Ph fucN u~.a'vff eh srt~~rd by IFte i~l~1 OF I~u7 mortqage.
1. To pe~mit, commit or suff~r no wa~te, impairm~nT w dctrr.oration oF sa~d µroperty or any part tl.arecf.
5. To pay ati a~ci s~ngu~a{ tFx~ ces~e, charges a~•d cyE~c~~ses, ~r.ci~dng e reasonabte anwney's ire ar.d ceus of abstracts oi NNe, :ncurred o~ pa~d ar
eny timc by aa:d MGRIGAG'.E, t,ccausc c~ .r, th~ r~t~~' o~ rh~ fa:wre on ~he part ot fhe sa~d MURTGAGOR ro du~y, pro•nptly a~d lully perform, d~acherge
-,rt~tr, ef(ect, cos~pte~e, compty w~rh and abde by eech ard .•..ry ~he st~pu~enons, agree~r~ents, cond~nons. a~d covenanra oi ~a~d prw„~ssory note and th~f
.,,origage any or e~~he., e~~d aa d coses, charges a.~d rxFcna~•s. each and e~ery, shau ba imrt~ed~e~rly clue and payat:te; v~he~i.rr o~ not thrre be ~of~ce da
n:and, atte~npt 1o co:~Ett or suet pe~~d.:~9; a~xl the f~[t a~nount of each a~~d eytrj svcF. paymrn~ shall bee• infero3t horn d~e date the~eoi un~il pa~d a~ ~he
o~ r.ine per crne,~,: i.•r ~n,_ ~u sa~d c,~srs. c!~o•~.s a^d ~x~;r„a~s .,K~+~ed or ~:a~d. rc,y~th~r vv,th wch irue~rst, shall be secured by ~ht i~en of Ih;ti
mortgage.
6_ Thal (a) in ~he evenr oi any b.each oI this ylortgage or defauh o~ tha part of the N.,^,RTGAGOR, or (b) ~n the eveM eny o~ ae:d sums of money
her~in rele.~ed ~o oe no~ p.o~~~p+1y and f,,:ly Na:d w~ri.~,~ u~.rty i3Ji days nc,~ e!~•_~ tne so~~,e sr.e~a':y beco~ne due and psiaL!e, w~~ho~t demand or nonce,
or (c) in thz evem each and ever~ ti,e sh~,~;a+~uns. a 3r~•r~n~nTS, cc~ J.t;u s and cuvenants of sa d~ro~niSSG~Y r.otr and th.s mo~tgage a~~r u eitAer are nol `
~u:y, promptty and fully periormed, d acharg~d exew~cd. ef!ected, ca.:pieted, tomEri~ed rvrth ar.d at,~ded 5y, then in e~~he~ w eny wch eveM 1he se~d ay
~•egate sum menr~oned in sa~d l:ro~~.nsory nurr lhen te~nainu~g ur., a~d, wrth ~nrrrE;t acc~~ed, and ~u mcneys secured hereby, s~all become d~e and pay~
eo e fo~thw~th, or ri~rreaf~rr, at ~he c~•aon o4 sa~d '.'i~~IGAG_E: as lut,y _~rc! con,p'ecety as if a~: cf r!,e sa;d su~ns of mor.ey were or~g;na~ly ~t~pu;ared
ro be pa.d on wch d:.y, any~h~~,g tn sa d p+o~~:.sso.y ncte o~ in rh~s hlo.tyagr to ~he conrrary no+«:thstand~ng; and ~he~eupon o~ the~eaf~er at the op~wn o1
s~:d MORTGAGEE, v.nho~t not~ce o+ dra~ar.d, aL~t at Ia,w a~~ equrt~, therrfore o~ thereafier beg~n, ma~ be F:osecutrd es ~f ell moneyt aec~red hereby
nad maiured pnor ro.is ~nst~tv+~on.
7. That in the event rhat at the br~~nn"ng oi or at any t~me prnd;~,g ?r,y su:7 upon rh~s A'o~~~age. or to ior~clcse it, or to refwm it, or to en(orce
payment of any ua:ms he•eu~d~~., se~d ld'JRiGAG:E sha~: app'y ~o the Ceu~~ ha~~~:g i~r~~d.cs,un th~~eef tor the ap;,o~ntmero of • Rece~ve~, such Cau» sha~i
fcrThhirh appo~nt a~ece~rer of said mertgagtd proj.r.rty elt and s~ngu`ar, i~~c'.~dng a,~ a+~d s~nquior ~1~e ~r.co~ne, prol~ts, iss~es a~d revenves t~om whatever
seurce derived. each and e~ery o~ ,nh.ch, n i,e~:.g exu~e~r~ ~ndr~s~cc~. ~s F•e~~•a~ rnurgaged as ~f spec.l,caity set fo~th a~d desenbed in ~he gronn~~q and
habendum clausea hereof, end s~ch 2ece:ve~ sh~ t ha.e e:i ihe Uruad aad rttar~~e fu•~ct o:~s and powers ~n anyw~se entwsted by a Cou~1 to a Recr~ver, a~~d
r. ch appoirttme~~t she~l b~ ~r,ecf? by wch Co~~t as an ed •uned rq~~sy a.~d a ~~aiter of a~~so'urr r:yht ?o sa~d MORiGAGEE, and w~~hout referen~e to the
edrqvaey or inadequaty of thz vaive of the p~ape~ty mo•~~~geo or to the so.:~,xy cr ~~,co_.•~~c~ of sa~~ h.ORTGAG~JR w t!~e dete~~da~ts, ar.d rhat wch
re~rs, profiTS, inco~ne, is~ves and reven~es st,~l~ be aF.pt~rd c,y sv;h Rect~.er ac_uru.~~g ro ~he :~e~ or eq..~ty of sa d IdORiGAGEE and the pracnce o~ s~ch
Coun.
8. To dv'y, {•+empt?y and f~:Iy p.rfr•,,. J~::~+d~Cj@. PABL~'!_, CNCCT, (u^`~:~E!P, CG~1'F.I~ w~rh a~d ab~de by cach and every the st~pu:ations, agrcemenf~,
cond~t:ons and co+enants .n sa:d pro.n;sso~/ r.cra .rd :r. s r.+_rrg~~e ser to+~n .
4. That in the event the ow~ersfi~p oi tF.e r.crr~agrd pre^~~ses. W a•~y part tnereo~, 6erxnes vested in a person other than the MORTGAGOR, the
.!ORTGAGEE, ~t~ successors and ass:gns, .r.a~, wr~F.o.:r ~~„r,c~• ru fi~e N,ORTGAOR, deal w~+h such succeaso~ o~ succrsso~ in in`erest w~th referorce to th~i
n o.t9age and the d_bt hereby s~w+ed in th~e fame n~~,r.~•• ~s w.'h l?.or!q,ago* x~thout in any way vit:ating or dsthargin9 the Mcrtgagors" IiabUdy htrr
unaer u upon the debt herroy sec~r~d. No sa!. of tt~~ ~te•.~.~sas hereoy ~no~tgaged and r,o for!~enro~ce on the part oi the /AORTGAGfE o~ its svccesaws
I~; cr aas~gns and no exier.s~on o1 ~hA f, For rhe ,•ai~r.~~.: ^f ~:,c dzb! h^re__y sew~ed g~~en ;ry th. 1~tORIGAGEE ar its suctessors or au gns, s:~a~i o~r_rate
i ro re~eau, d:scharge, mud~fy ~ha~ge er affec! the c•:J:r~n! ii_n:;n f ~I ms M.ORiGAGOR txrem, eit~ur in wh~ie or in part.
i
10_ It ia sp~af~ca:iy agreed iha• ti~~e ~s ef ~h._ essc~ce c1 rn:s conrracr and that no waiver oi any ob::ga~~on hereunde~ or of Ihe obligaYan se-
cured F~ereby shel: at any.r~~~e rnercaPte~ be he`d to te a ve~v~r cf the terms hereof or of thr instrvmem sec~~ed he~by.
I1. In .,dd.t:u~ to ~he fweno nq ...o~~fh~y pay..~e„•s o~ a.inc and ~~•..~•est req~~red by ~he C~om ssory no•r setured he~eb~, mo~tgagor tovenants
d egrees ro:.ay ro^:vt~,. y-•_ •1. ._•.•f c:~i i•.n•:a; s.~•, _~r.•c} b~ mo'tyagee ro t,e eqva. ro 1 t2 oi rhe on- ua~ cosr of the foNow-
i y.
A-A~, .eat ~.rup,..~y +.~.~s : or a:s~r. ,:s~ . . ~i:~~.e d._s,.;~;.d .~.jl ~..,j...
B- ,n.w•:~s on f.r:. a~:.~ v.~~ci:!_ s,~a~ :e ai ~.~•r+ n.; q, .ed eo En ca,r~~ ~ c^ ~hr revc~ne~rs s T~ate on the above dzsc•~bed prem~ses.
C-Prerr.:~..,s o~ such 'rJ't:~ ~•r .3ud'dnty ersv'd' iC ~s !;a;e.~ s4,j.i '~c•r t r~e ~o .~•ne de:rri fe to tjny on the ~oan s^cvred hereb~.
MOrtgagee sF..ul frcm t~ ne To !.'rst• nct f/ mc•t~~sgcr ;n w~it.n~ 01 the a^ ount dv^ 3r.d pa/able ht*tundr! and a~th sum ihal! thtteupon be due end
c,ayable o~ the d~e .d~te of rhe n~rt n:o~t'r ; pey~,~env a~jd escfi s~ccessive mooth tno.eafter ~r.~il merlgagee shatl nor;i~ mortgagor of a change in such
_^ouot. Such sums s~ a: %:e ac~~ ~erf i:y r-r.tgo_; :e ;or.a~d the palrnent Of rea'. pro*trTf la~~„lnsurance rrem.omS, dnd mortgage gua•anty insurance
p•emiums.
~1 IN VlITPiESS :4H< <Of, tr.a s:~:d !J'.ORTGtiGOR i:as he.eu-~rQ his hand and seaf !he day and year first a!o.esa:d.
Sig Sea~ and~del~,,a d in tbe prese^ce of: ~~f ~
- i LEp ~NO RECOROEU 4~~~~A~'~~~1• (s~,q
. =~.tUC1E COUNTtr f~~t ~ichard Donaldso " i~~~~
- ~ . ROCER PpITRA3 , ~~-x at t,.
CLEaK CIRCUIT COURT ~ ~ ~ ' ~ a~)
~ - _ _ _ - RECORD rERIFIEO therine Ibr.aldson t~s~)
SiATE Of FLORIDA I ~O I{,' UL ~7N''T Cr
COUNTY OF JL._ I.1ClE- 1 SS. 3JVO~/~I
Before me pen~na<I~ ap;.eared __~~ChBrd IY3*t8~ d:'OI2 - •~~i - a~
Katherine Donaldson ~ ` -
_ h~s w~fa to me we~l kqjvu~-~rsd~ wn t~,~,ln~ f¢,be
the ir.dividuefs descr~bed in and who eaecvTed !!u forego~r.q instrumeM, and acknowiedged before me that they execut~ lti4 s~m~• fo~ the'putpQses
~he~e~n exp~esud. And ~he ea~d_ ~$T~e^271P. 1)OP.81.(~SOIl r p J__
Frichard Donaldson • ' ~ _
+.~fe of the sa~d _ _ _ _ _ _ _ ~ _ - - - ~ ~pop a"Zpafate nd p.i~it~
~ e¦arnfoat~oa by me ta4en separate and apart (r~m her sa~d h~sband, ac4nowiedged to a~d before me that ahe execvted sal~
ir{(~ru7se~ free~ and ~A+T
rard and w+thout anv com^~'s'on, cons~ralnt, a. ~eher.s.oa, or fear oi or from her sa~d h ' • '
E r rG .
f '
~ WITNE55 my hand and oific~al scai th~s _ day of___ A~; ~1~~
t ~
!
~ No}a~~ ?~bl~c i nd for thc State o Horida at larye
j My Cemm~ssi expires:
Retum So:
First Ftderoi Savings 6 lo?n Aascciat ;,r.
Uf *wt P ~:-ce.
Furt P~.,rce, f!~.r~d3 ~~r ~K ~A~ a A~a A7 ~A~
~ ~ a~ ~T . `
.
` - This Instrument Prepared By .'ohn W. Go111~J
First Federal Savings 8~ Loan Association
of Fort Pierce, r ~ric3a.
I
Checked BY 800~~.VV P/{C~
~ -