HomeMy WebLinkAbout0474 3. To place a~d <ontir,uouvy kecp o~ ri,r b~~ ;i:~;ys now or herealrer a~t~~te on ~a~~l iand end on sli cq.~~HmeM a~x) perionally covered by th~f mw~g-
s9s. with all p~emwma d~ereue ~.a.d ~n luil, t,rr ~~;+.,~~~.ce m ei~e ~awl se~.:cierd' pphci lorm. in s f~m aH~:c+rd b~ fhy MORiGAGtE. •nd w~+ui»am
~nsurance in the usuel sr.~,~Jud po: cy tam, in a s~~n aype~~rJ by ~hr M~JkTGAGEE, in fuch compu~~ e{ <o•~pan~e~ si ~be MORiGAGEE may
d+rect; ~nd aSl lire anJ w~nd~~c~m ~ns~~~~ce po'+uef o~ any of w~d tx:~id~ngf, any Interrtl dierem or part thureof, in tha +gg~rge~e •um afpesaid w
in txcrss ihereoi, ~lall conrain the usual s!a~~darJ rvor~~,gre c~ause u. such ahe~ dause e~ the Mo~tgeyee m~y rrqu.r~, n.al~ng ~he to» wxle~ ~a~d po~i~
cie~, each ~nd fve~y, p~yab~e ~o sa~d h~ORTGAGEE a~ its ~m«~•s~ msy apprar, and ee~h a~~d ev~ry such poi~c/ sh~il tx promptly a~s g~~rd e~~d detivcred t0
sny held by ~etd MORiGAGEE as iunher sew~i+y ro said nio~tgage debt, and, not Iesa thae ~ew (t~l days ~n adoa~ce of ~he e~pue~.w+ ot esch pol~cy. ~o dr
liver lo ~aid MORiGAGEE a rencwaf thereoi, ~ogerher wnh a rcce~pt Iw ihe p~r~nwm of such ro~~e~a; o~~d there s~~all be no Lre or w~~~ds~onn insur~n:~
p~Ked on a~y ol sa~d build~ngs, any hue~a~ +h«e~n w ra:t ?herrof, un:css ~n ~he fo~m •rKi w~~A ~i,~ +oss payaWe ai aiwessid; and in the eve~l +~y ium
of money becomes payable ~ndri ~~ch pctity a po~~o~s said MORTGAGEE ah~ll have rhu opt~on to recr~ve d~~d eppty the aa~»e on acco~~~~ of th~ indebted-
1~ois s~-.urod he~eby O~ lo Nl~mit ssiJ MORTGAGORS f0 ~CCrwC sn(~ uSC it O~ dn~ ~.ul flec:e01 tr~r U7~',.~r j.vr~ olei, c.:tno..t I~ rr~.>r ~v_~•~~~~7 ~'!~i~~u-
ing any equ~ty. ~~en or ~ight undar or by vuwe ol thu mo::g.K~.s; a-a ~n tht ev~m at~d !.'.'JRSGAwsRS sha!t !or ~ny reaaon (ail to kecp 1he »~d p~enusrti so
in1UrM1, w leil to dvlivcr pranN::y any of sa~d ~;oi~urs of ir.~u+o~~ca ro sa;d MORTGAGEE, u p~omptly to pay futly any p.r~r•,um ~hcrefw or in a~y ~
respec~ (aiI ~o pe~Eorm, d~scharge. exec~~e, elfrct, ca.~p:rte. co~np{y wi~h ar.d ab~de by th:i cove~,~n~, w a~y n.+n Dereol, s~~d MCiRI;,AGEE may piaca a~d
psy }pr svch insurance or •ny pa.t therro( w~the~t yvaiving or •f(ec?irg any oNl~on, tieo, equ~ty, or ngM undrr w b~ vinw ol th~~ Mo~~gape, and th~
1~t1 amoun~ of eacfi and every s~ch paymenr shail 6e ~mn~ediately due and payebte and ihall bear intrresr from the date ~hnreof un~il p~id a~ ihs rate ol
~:~ne pe~ t~ntum pe~ annu:n and t~avlh~•r ~~~th suth int,;rett she~+ Ix: accvred by the lien ol lh~s mo+tsage_
1. TO pe~mif, commit a suf(er no waate, impairmenf w derenoroNon oi sa~d property w any part the?eo(.
5. io pay a!I and s~nyular thr cosh, charges and rxpe~sea, ;nQuciirg e rea?onab!e a~rorney's (ee and ceats of abstrac~s o( tit~e, incuned w pa~d at -
eny time by u~d MORTGAG'.E, bew~sc w~n ~he evcn~ of el,e i~~~ura on ~he pare oi ~he, ia~d MORTGAGQR to duly, prompHy snd fu:ly purfwm, d~icha~ge
execute, e}fet~, compie~e, comply w~~h and ab:de by each and NvC~y tMC S~~~ll~OA0~1f, sgreeme~ts, conJmons, and covenanh o~ ferd prom~isory note a~~o thls
mwtgage any o~ a~her, and sa d cos~i, charyes ar,d eipen?es, eac6 and every, sh~~l be immed~ately due and pa~eb!e; whether or no~ the~e be nonce do-
mand, atttmpt to toitect or tuil pend~ng; and ~he ~~~1 a~n~u~t of each and e~ery such paYment aha{1 bea* ~roeic~~ f~om. the da~e theeeol u~tii pa~d ~t the
raie o~ n~ne per c~nsum ~,,,•r an:~,:^ ;<<.d all safd cocTS, cha•ges e~,d erprr.ses ~ncvr~ad a pa~d, together wah iuch ~r~terest, shall bt secured by the lien oi /h~~
mwtyag~.
. 6. TM1 (a) in the event of eny breatl~ o( this Nb*tgage or detault o~ tl+e part of the MdRTGAGOR, a(b) in 1fie eve~t ~ny of sa:d t~ms of mo~ey
herein re(erred to be nat pranptly dr.~1 fui~/ pd~d wirh~n ~h:rty t3J3 dais nexf aitr~ the sa~ne se,re:o'i~ becon,e due and payabte, wdhout dernand o~ not~ce.
or (c) in thr event each and tvery the sl~p~~at~ona, agreements, co~~d:r~or:s and toyenanss of sa.d promiasory ~~ote and th~s rtwrtga9e any o~ e~~her are no~
iuly, promptty and (uUy perlormrd, d:ec~a~gcd, eaec~tad, effected, tomp:e~ed, compfied wiih er.d ab~ded hy, then in e~ther p any s~ch eveM the ta~d eg
gregate sum menr~oned in sa~d promisswy note ~hen ~ema~nuig wpa~d, with in~rrei? acuurd, and ali mcneys secured hereby, ~hatl b.:come dw and psy-
ab;e fathwith, or th-rcafrer, at the opaon of sa~d MORiGAGEE, a~ tu~.y and com~!e~ety bs ~f a~t oi i4+e aa~d wma o~ money we~e or~g~nstfy snpu:ated
ro b~ pe~d on such day, anything ~n s.~.d prom~ssory oote w in tk~s Nbrrgage to the con~.ary ~ot~~ihsrand~ng; and r'nerevpon or the~eafter at the opt:on of
ta~d MIOR~GAGEE, wirhout no~~ce or drmar.d, suit et taw a i~ tqully, the~rfwe w ~hereairer bryu~, may be proucuted as if all moneys secured F+ercby
nad marured pnw to ns ~nst~+ut,on.
7. That in the e~enl tha~ at the beg~nn ng of a at any t~me pend~~g any sutt upon th~f ldongage. or to foreclose it, or to reform it, or tp enforce
paymlM Of sny ctaima hereunder, said l~ORTGAG~E STaI~ a{:ply to the Ceurt harany tu~~id~c~:cn therrof for the appo~r~tmeN of a Rete+vtr, s~ch ~outt shaN
for~hwi~A ~ppo~nt a receive~ of sa+d mo+tgagEd p+opert~ atl and sinqular, inc:ud,ng a~t end s~~9u~ar fhe fnco~ne, prof~ts, iasues a~d revenues from wfiatewer
sou.ce derived, each end every of wh.ch, it Ge~ng express~y ~ndersrood, is Fe~eb~ morsqeged as ~f speai:catly xt (orth and deu?ibed in the granting and
hayendum cl~uses hereoi, and wch Rece~ver shaU have ait the broad end ef(ec+we fu~a.cns and powers in anyw~se envvsted by a Court fo a Recriver, end
s~~ch appointment sAall be made by s~ch Cou:t as an aQrnnted equity end a matter cf absoi~te ng~t to said MORTGAGEE, ~nd wi'hout referente to the
edequacy a insdeqvacy oi the va~ue of rhe property marfgaged or to thr so:ve~cy o~ msotvency of sa~d MORiGAGOR w ~he defendants, and that sw.h
rents, profrts, income, iss~es and revenue~ shail be app:~ed by s~ch Rece~ver auord=ng to the tien or equ~t! ot said MORIGAGEE and the prachce oi such
Court.
8. To du'y, crompNy end fut~y perfo~m, dkitharge. e,cecute, efiecr, co~pie!e, cemply w~th and ab~de by each and every the slipviations, ag~eemeMS,
conditions and covenanrs sa+d prom,ssory nc!e ~~~d tn~y n:crtga~e s•.t forth,
9. That in ~he e~en~ the ownenh:p o( the mo~tgaged pre~~~ses, or any pa~T thereof, bccomes vested in a person othet than the MORTGAGC?R, ihe
M~JRTGAGEE, i~s suceessors and ass~gns, may, w;rhoot no~ice to t!~e VORTGAOR, deal w~th s~ch svccesso~ or sutcensor in iMe~es~ w~i?~ refrrente lo this
mo~tgage and the drbt tKreby secured in the same rnanner as w~'h Me~tg~go{ w~tFwzut in a~y wny vit:aiing w d~xharg~ng 1he N1c~tgagors' :iability herr
under a upon the de6t hrreby secvred. No salt of the C~enuses h.~~eby ~nortgaged and no forxa~ance on the pa~i o~ rhe IAORTGAGEE w ita successws
or auigns ar.~i ..o eare~sion of the t~me fw ~he pay~+e~~ of tfie debr fir~eby sec~red gi~en by the /AORTGAGEE or its succeaawa or ass;gns, •izap operate
ro re~ease, d.ich~rge, mod~fy char.ge or aflect the a~g~nal i~e~~t,~y of i?~ NtCRTGAGOR here[n, either 1o whole o~ in part_
10. N is speo~ica:iy ag~eed ihat tirne ~s of rhe esse~ce of this controct arxf that no waivet of any obGgat~on hereunder or of ihe obtigation se-
c~red hereby sfiats at any t~n•e ~h~reaiver 6e t~e:d ro be a wa~Yer oi the terms he~eof w of the ir~strumrnt secu~ed herby. _
~ 11. In aud r(a :'o the fure~~c ~~q r^o•a4ry pay~~ms o1 pr~^c pai and inrer.•sr requ~red by the p+om•sscry no!e secuted hereb~, morega~ar covenaMs
and agn_•es ro;:oy to ~~:orr~.~3ec r.=th ,•e:n r;,;r~~cr y...,~ r~~f en adJ,~,o~:ai su~-~ cs• , srcci b~ mo~ryagee to t,e eqve~ ~0 1; 12 of ti~e an:waf cost of the follow-
~
` A-ARI rea! prc:~:<.ty t~.~i ie::r~:'. or aaiess~.~:i a~~,s' t+-c a'r,o•:•_• d-,zc.c:.~d rea! es-o~e.
I B-Pi•~.~.~+ns on I:re and v.,ndsrorn. ~r.w~arce as he~e:n ~~rqu:red t4 Le ca^«o c^ ~ne ~m;.roveTC~~is s:'uatt on the above d^scribed premises.
! C-Pre:n~,,~• s on s~ch n~.urr~.oe g~ara~ty ~c;v-a~.ce as mo~tgayee s~.~:i rroT: to T~~re Jcem I~t to cany on the toan secured hereby.
f 6lortgagea ~rcm T~•~e to +.~-e nee~{; ~*crt,,acr ~n v:r,t,ng of the a~^o ~at due and payab'.e hereundrr and svch su~n shall thereupon be d~e snd -
'I ; ayable on *he due oare of the nex~ moMh',{ piiment and edch successive T,onth ~hereaf~er uctii mcng~gee shali not:fy mortgagor of a cha~ge in such
a•.ounL $uch s~ms sha E c,e sp~ t,y mor*geycr toea•d the peyment of reai prope<<y ta,ees, insurance pren.u~ns, and mongage gvara~ty ~nsurance
~ n•e•~iiums.
; R~ \VITMESS :lHEREOf, tF.e s%.~d 1. %RiGAGO~ has herev~to set his hand and x~~ the day and ear first a4oresaid.
! Signed, Sealed and dc!ivered in the p~esence of:
f ~ED ~~D REC~QnDl~ ~ • ~ +n
~ f~.IUCtiE COUK Y ftn. : re. _ er c ~ee ~ er
" - - It00Ep POISRAS
- - ClE1lK C1RCUiT COURT ,-~~.b _ t ~
f~~- t5ea~)
- - - 11[GORd VCR~F~E~ _r: ~r a . . ce ! . Qr ~~a~~
SiATE OF FIORID ~ ~y'~.~i~ i s ? ljh ~H ~ ~~2
T , JJ• V t~
:ouNrr oF _ ~ t • - e- ~
Before me personatly appeared - = _r ~ i ~ ~C ~-i ~ r G t ± F _ ~nd
- y 1~ e r. t n_i :
iC° ~ t k<? 7' h~s w~fe. to ~+~e well kr+own and k~ov~n to me to be
the individuais dasu;bzd in and who eaecured the foregoing inst~umtnt, and acknowiedged belore me that they executed the same for the purposes
~
the•e+n expresxd. And ~he sa'~e hPrta .1J@ v*-:PT'
,.~fe of the aaid ~'~~"i~i'~~%~__Je_jUPtt'~!O-r , upon a scparate a~d priwte
e,aminat~on by me ta~en separate and apart frcm he: sa;d husband, atkrwwiedged to and before me that she executed said irtstrument Ereety and +:o4urt~
ranty and w:tficu: any compu!sron, co~stra~r,t, apprehens.on, ~ ear o( or from her said husband. -7~7
WITNE55 my hand and offic~at seal tfi~s_ day of ~S~rv A. D. 19_LL_
_Q/
C::,tary Pub~~c in r,d the State of florida ~t Large
My Comm~ssion expires:
ReTUrn To: Nok~ry Pv41ic, 5tate of FTo•,d~ at ~~~e
firat Federal Sar+ngs b loan Asscc;o':on My Comrr.~u;p~ E>1,,,,,~ f~fy ~y»
GI forf P.~rce dOndcd ~•y An:rr::~~~ f.r~ d. Co.vo:ty ~
ferr P~erce, Flor+de
This Instrument Prepared By •T. : ''.Oti`<~T'ts ~ ~ ~ ~
First Ferieral Sevings & Loan Association . ,
of Forf Pierce . ~ r
~ ~
Checked By f~-- - a R n ~ ` - `
BGQK ~~J PAGE ' f,
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' ~~I,' _T_ ~ ? • ~
- I ,~~jyllt:lll{\ll~~~'a
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