HomeMy WebLinkAbout0298 7. io p~xe e~d co~rinuoutily ~eep on ihe Gu~ d~~~g~ ~~ow a herealtN ~~tw~e on ~a~d I~nd ~nd on s!I rq~~p~neot ~nd p~~sonelly cov~r~d by Ihi~ mwty~
p~, wi~h ~11 p~em~~:nf ~h~~eo~ pa:J in f~ll, hrr ~ntiur~~~:e ~n ~M ~t~al ~tende~d po~~cy lorm, ~n • t~rn apprwrd b~ tM 7NUkiGAGfE. •nd w~ntl~~orm
~~sw~~c• in ~he ~~usl s~andard poLCy fwm, m ~~um a~prured hy ~l~e lNpRTGAGEE, in tuch cwnpa~~ oi ta~µao+ef a~ ~h~ MORIGAGEE may
duecl; ~nd •11 lir• a~d w,ncfs~or~n ~nwrants po6cw~ w? ~ny of •s~d b~~:d~nqs, ~ny 3n1~~ast Ihar~~n or wrf thereol, {n th~ a~flrey~te wm ~lo~tt~id w
In ~xceff thereof, fMil contsio the uswl ~ra~da~d maiaoge~ c1auN w such otlw c~aw~ ~s Ih~ Mortpaye~ may reqvu~, m~?inp th~ lo~s unda fs~d poli~
ciq. sach •nd evay. parab+a to tiad MpRiGAGEE ~s ~n~eres? m~Y +ppsa. ~nd e~cA and evorY wch poi~cY shall be promp~ly a~~ 9ned •nd d~livered to
•ny heki by u~d Mt7R(GA3EE ~s furtint~ stc~~iry ?o s~id mor~gage dsbt. •nd, oot Itst thsn ~~n (10) d~vs ~drance o( the expir~non ol e~ch pa6ty, lo da .
liw~ to tud MORTGAGEE e renewel ~hcreof, to{~e~he~ w~th a rrce~pt lor Ihs pteni~um ol ~uch rene«d; e~~J ~here thail tx. no f.re or w~~~dt~unn insvr~nc~
p~Ked on •ny of sa~d bui!d,~~gs, any ~niereft therem or pa~~ rfwrsol, un~eis in tAe to~m end wdh ~h• toai p+yeble at a!oresa~d; ~nd in the ewnt •ny fum .
of moe~ey becanea payab:e u~~der s~ch poi~cy a poi,c~a~ w;d MORIGAGEE ihall have tl~ op~.on to rrce~vc ~nd apply ~he same on accounl o( ~he indebted
n~ss fecured h~reby W 1o permit fa~d ~AORTGAGORS to rccewa and us~ it w any pe~t ~t~r:..o1 t,-,r o~~,•.r ~.,,r~oe.ra. :.ni~~,,.e ih.•. r,~ N::~.~ ~g o. ~r~~pou-
irq any equ~ry, GQn p r~ght unde~ or by vi.we ol ~h~s mo:egaye; ~nd ie? ~M ~vent wd MORTGAGORS ~MII tw any ~s•son I~il fo 4eep ~ha s~id p~w++~s~s w
insured, w I~il to deli~~r p~anptly ~ny o~ fa~d poLuet of ~nturanc~ to fsid l~10RTGAGlE, or fa~1 promptly to pay tulfy any p•e~m~m :hrre+w w in any
rei{~ec1 fail ~o p~rfam, dnch~rye, execute, eUrU, ca.~p:e~e, co:~ply wi~h and ~b~de by th~f covenan~, w•ny per~ hrreol, sa~d M'vRivAGEE may pi~ca •~d
paY fo~ iuch inaurance or any pert ~hireol w~~hout waiv~ng w sifeainq aey optwn. lien. eqo,t~. or ripht u~de+ a by v~rtu~ of this Mat9aq~. and the ~
full amount o( each and e~try ~uch paymem sheL' be ~mrnedi~tely du~ ~nd p~yabls •nd sh~ll ben iroeres~ from th~ date ~hereof wdil paid at Ihe ratt ol '
i
n~ns per cantum pe~ annum and t~~r~t~er v,~:h such ~ntr:~s~ t~a~~ oe iec~.ed by the I~en oi Mis mortyage.
To permlt, tommrt p auNer no wa~le, impairment a de~erwr~tion of said prope~ty or ~ny part thercof. ~ ~
S. To pay ~II ~nd tingulu ths coaro, cMrges and expe~x+, ~~4ud~ng a reawnabfe anorney't fee snd cos~a of abftracb of r~tle, incurrod o~ pa~d
eny fime by sa~d 6tORTGAGfE, because a in ~he event of tAe fa~lure on ~he part o~ ~he said MORiGAGOR to duly, pianp~ly •~+d fuily p~rlpm, d~xharg~.
e¦ecu~e. efirp. complres. comply wrth ar,~f ab:de by each snd every ~he uipulauon~, ag.een,enh. condmons. ~nd covenamf oi sa~d pianiisory note and fhis
mwtgege any or e:ther, and sa:d co~rs, cherye~ a~id a~pr~srs. cach a~d every, sha11 be immed~a~ety d~e and payeb!e; whe~her o. ~ot rhere be rw~ice da~
mand, attempt to co'~ecf w s~it pend;ng; and the fufi airaum oi each a„d eye~y svch payme~t thall brar ir~terest from ~he date thereof until p~~d at the
rate o+ n~ne per centu~n ~:rr an~:u.n; anu ell ~a~d c~sT~, t~.e~3es end exuemef ~ncurrrd or paid, toye~her w~th such mtereft, shell ba sec~red by ths lien of thif
morlgsys.
e. tM~ (sl ~n the evMt o; any b.e~ch of this Mortg.g~ oi defaulr on tM par~ 01 ?he MORTGAGOR, w(b) in the svent ~oy of ~atd sumf of mon~y
herein refened to be not prc~T~~rly ar.d Iv~l~ pe~d wuf.i~: th.~ty (3J: da~s ne~~ atr•:r the aa~ne seYero'ty toco~~,r d~e ant! ps~abte, wi~hout dem~nd o~ ooece,
or (c) in tha event each and every ~he supu'at~ons, ag~eemen~s, co~~d~t~ons and covenann of sa d p•o~n~ssory no~e and ~h.a mor~gsge any w e~ther •re no1
i~ly, prompNy •nd ivuy performed, d:scharged, e,cetuted, e+fMCd, canp;ered, comNi~ed w~~h sr.d ac~ded 5y, Ihen in e~ther or •ny such ev~m tM ~a~d ~g
gregate wm .nennon~d in sa~d pra,~~sso.y no!e then remam~ng unpa~d, w~~h inte~es~ acuved, and a~l rtwneys xcured hereby, sMll become dw and pay-
ebie forthw~fh, o+ rherre4rcr, a~ ;he ope.~:~ oS aa.d 1.1URTGAGEE, as (uliy a~ic! comp:erc:'y as ~f atl o{ the se,d wrns of money were agin~lly s~~pulated
~a be pa.d on ~uch d~y, anythmg :n a~ d pro:n~ssory nore w in !h~~ Mortgage to the co~f~ar~ not,vrths~andmg, dnd ~he~eupon w thereafter el the opt~on of -
•,~d MORTGAGEt, v~:nc~u~ r.of~ca or demar~d, swt at taw w in eqwty, ~norefore w thrrraher begun, ma~ be prosecuied as i) afl money ucured hereby
n,d mafuted pr,or to ~ts mit~t~t~on.
7_ Thet in ttiw @v~nl ~L.i~ .1 .1.. .,i v: a: ':1- t.TO i ~
_ •--y•.•....•3 o i pa~~i'r~y ~ny swt upon inis Mo.Tgage, a to fpetios~ it, w to re~am i/, or fo en(ort~
payment of any da~~,:s herrw•d:r, sa~d MOR7Gi.GEE sha!t apyty ro the Co~.t ha~~~g ~v~~ad,cnon th•:rcof fo+ ~he appomtmEnt of a Receiver, such Coun shall
For~hwith eFpoiRt a.ece~ver of sa~d mweg~g~d property all and s~ngul~r, inciud~ng all and s~ng~la? Il:e ~~tome, profes, issues and revenues irom vahatever
•ource der~ved, ea;h and every ol wh ch, ~i being rxp:oss!y undera+ood. ~s F.er~by mO~~gaged as ~f spec,ficai:y aet fonh and described in the yr~ntiny and
hahendum c'eusm hereof, ard s~ch Receiver shali he.a alt the Lroad and rf!echve iv~c+o~s and powers in anyw~se emrvated by a Cour~ to a Recniver, and
s:.ch appoinfine:~l ih,lt te m_dt b~ s~ch Cov+! as an ad•~uHcd equ:ty and a n:at:er of abfo~utt r:ght lo laid MORTGAGEE, a~d witnpvt +e~erenc! to the
edrquac/ w inadrq:.acy of c~•ro~~~e o( ~he preperf~ me.sgaged or fo the so•vency or ~n_o~verxy o/ said fdORTGAGOR w the defendants, and thet suth
rc~», prof~ts, ~ncome, nsurs anc! ievervos shsi~ be epp~irel by avch Recewer eccoru:ng to the Gen or equ~ry of aaid MORTGAGEE and th~ practice o( such
Court.
8. To d~'y, prompr'y and 4,; ~y F:erforn,. d~schn~ge, rxecure, effect, coT.p:ete, cc~~piy v.:rh nnd aWde by each and every the stipuiations, agreement~,
cond~tions and covrnanrs sa~d prom~ssory note and th:s mcrrgsge aet (orth.
9. 7hat m the eve~t tke ow~en~~p of the mortgaged prenus?s. or any part tnerrof, Eecomts vested in e person other than 1he MORTGAGpR, th~
.ti•.CRTGAGCE, ifs successo~s a~:ci ais~qns. n.ay, w,th~.;t r.c~~ce to +he 6:ORIGAOR. deeE w.th s~ch s~ccessor pi suc.essor in ~me~est with reference fo 16is
~o~tgage and Ihe debl hereby sccured in fne same m,~rr.rr as w~th lJlertgegor w~thout in any wey vil;ati~g pr d~xharging the IAortgagori liabilify hert
ur.der or upun the debt 1~err~~ se~u•rJ. No sa:e cf the c~r•r.+ses hcreby n;ortgaged and no forbeara~ce on Ihe part o~ the IAORTGAGEE w its svccesson
or asa~gns end no exrens~~n of fhe r,me {o~ ehe payment of ~hc drbt hrret~ src~rrd given by the MORTGAGEE o~ ita waesswa or assigns, sliall operait
ro releate, d:scharge, rt+~id~Ey cher.g. p affect ?he or~g,nal liana:fy of the NtORTGAGOR herein, either in whok or i~ part.
10. It is speaf;cai~y agreed rhat t~me :s of the eene~ce of th;~ ~a.~trac~ ar.d that no wa~ver of any 6brgat~on hereunder or of the obtigation sr
c~red hereby sha:; a~ any ter. e thcrea'eer be hc:d ro be a w•a~.er of the terma hercof q of the instr~meM securtd herb/_
1 T. In add.t~u~ to the forcgo"ng mo•.rh'y pa~m~nrs of pr;nc pal and i^te•es! .eq~~red by the prom ascry no~e sr<u*ed hereb~., mortgagor tovenanfs
.~^.d agr~s to pay to r~c-ty.~yec~ v.nh PACh r.,~t'i~''/ ~,.~i. C„t ar. j:j,:,;.~~r:~l fum e!~~~. ared bj mortgigee to be eyue: to 1, t2 of the annual tOSt o11ht fOllOw-
~
A-Alf rca! i;rc~m.t~ r~.-s ~e>~e.; oa a:ne~•.~ ,i ayu ~st tnc aUove des:•~r d r-.~t ~seate-
B- Pn~n on f,re an.~ ,.,,,~s•..•~n ~nsvr.. ,t as i~e: o~n rca.;.rrd t~ bP r~-n..d . •y;_• ~•ovr^.ents a:!~ate on fhc abave desuibzd premisea.
C-Prc:• ~u•• s c~ such mo~tg~yc gua~a~ry ,~v~ra~,cr as mc^~a_ee sha11 frcrr: ! mr ro i„nr derm fir to carry a, the loan sewred hereby.
Mort a ee s^,:I ~•c:n !~~•,e to t.r~c nn.,f m,rr: -.n r.rit.rt of the e~-~
I 9 9 ; ;~g=• g o~_ ~t d,e and paYabte hereunda• and such w-n shail thereupon be due and
:~yabie on thr d~e d~r~ of :hr ne~t nznzth.: ....ti
I t,~•f•,'.•.,• -~:::a:...^ ~~ce>t?-r r.~:ty~y~C aF~,t~ ~w~:fy morrga~or of a cbange in such
~ ounL Such wr.,s sf , k ~e
i a;;..~rd i,~ mo:tga~•rr ro+~ard the paymer.t of rea! ~roE,ert~ ta,ee~, insuranca prem.u:ns, and moctgage guannty insur~nce
~ :;•e-~iVms. • .
k •
! IN Y~ITNESS ::NfREOf, ~ne sa~d MORTGtivOR has here~nro set i~is hand end sea~ the dey and year first sfo!ew~d
~ S~gned, Seated ar.d det~vered in ~he presence ot_
~ - - fIlEO AN~ RECOADEU " ~ .4
~ ST.LUC~E CaUNTY fl~. Jos h L. H e
~ - ROCER POIiRAS ~ .
,~~y~~ CLERK CIiiCU17 60UR* ~ Wi lma Jean ief le +4
~ RECORD YEPtF1E0~..~,--- _~,r~_
~ S;i.iE OF FLORIDA ' 0020 I~ 9 43 AM''~
~our~rY oF ~ St. Lacie _ ~ ~ I~~~~•, -
L. .
Befare me penonaily appCar~d ___~_SeP~I L. Hefley -
~llli1Rla .TP,~n NPf~ P_V - ` ` : •
his wifet: ro ~Oe v~r~l known ahfi ir~:}r1~ to me fo b~
!he individuals described in a~d who e,cecvted the foregar~g iniuument, and atknowtedged belore me that tti~,~npCuted 1he sam~ fo V'the purposes -
ihe.ein expressed. And rhe :a~d Wi 1 ma .Taan ~Pflev _ - ~ : • ~
r.,fe of the u~~ T- ; • 1. ~
s~ ~e~~nv - ` • tiD~ t•ilp~te and p~ivat~
P~am~nat~on by me taken uparare a~d ap rt from her said husband, ecknovrtedged to and befwe me that she exccyte9.w~d~~ryssb'~epYheNy and volvi?-
~ re•~:y and w~thovt any compvlsion, comera~~t. apprchens,on, or tear of w from her sa~d husband.
.
WITNE55 my hand and o(fiaal seal th~s_ 11~1__~__ dey o( IrLareh A. D.'19_ZZ
~ ,
~ - ~ ~
; - ~ ~ . C. / . 7 , _ / . .
F N~tar~ P~b'Ic in and for the State of Fbrids ~1 larye
r My Comm~ssion eapires:
~ Re~um To:
' Firsf Federal Sav~n s E Loan A
~ g ssoc;at.on .
OI Fort P.-c~. `~~„r,f ii r.,...,_.~ . . . .
3 Fort- Pi.rr;e, F!c,: •da ~
~ ~~T,-^~T~ n~ ~ ~~~v -
F r~,- Y v _ , ,
, U, ,tJMEN.fi,R ST:,Mi a
! ~;c~,, 'r.t~£t.i':~-.~~~-,•~ _ ~ ,
= :
This Instrument Prepared By DOn~ld E Hughes
~ • ,a~fz~~_ 4 4. 40 I
~ First Federal Savings 8 Loan Association = Pe - •
rIF'.; ' ' ~
of Fort PiercQ FlOr i da
~ Checked 8y ' l'
f ~ 2~5 296
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