HomeMy WebLinkAbout0277 J. To plsc• and coroinuously keep on ~he b~~'J~ngs now o? ~e~eaiter s~~~ate or sa~d ~erid and on a!' ec~,~i: i~:m .u.:! ptrso~~e~~, co+e~ed bv ~~~s mo~fg•
~ge, wi~h ~il prem~~mf thereon pe~d ~n full, hre iusurence m the usual i~onJerd po'icy fOrm, in a w~r~ a;.~ru.rd a,~ n:e ASUK•v.+i~tf. er~d w~•~Jst~~m
~~w~~nt~ in the ufual s+e~~dsrd poi,cy tam, in • ~um ~pproved by ~M MUkTGAGEE, in such <o~np,,~ry o+ co n~,en es as tna 1dUk1'vAi;tE rney r +
duec~; and all ('ua and w~nJe+o~m inwrante pa6c~e~ on sny of sa~d b~~ld~~~gs, any ime~rst ther~in o~ pa~t ~he«•of, in ~he eyg~~q~~e ~~m. efcresa~cl o~ . (
in ~x~esf Ihereof, tMtl co~+rain rhe usuat srandrrd mot~gsge~ clau~e a such other cla~ss as ~he Mwtyayee msy ~cy,,.re, n.a\~ny ~ne ~otis vnJr~ ss~d ~.ol~
ues, ~ach aod eve~y, payablQ to t~+d MORIGAGEE as ~IS intCreal may appear, •nd Nch and e.c~y such p~~~c~ ~h.,:l fx p~ompti~ ss~g~~ed a~~d Je:~:errd ~o t
.~y hek! by said MORiGAGEE q(ur~he~ secu~ity ro s~id n:a~gage deD~, •nd, not tess ehin ten (!0~ day~ in ad.~~;ce of ~he exp:ret~on of tath ~p'nty, ~o de-
Int~ lo said MORTGAGEE a-renewsl Iheraol, toge~h~r with a rtce~pt 1or the prr+nium Of s~ch ~znea~l: a~~d thrro tha~! 6e no f~re or w•:~auv~~n insu~ante'
p~sced on any of ae~d bvildings, ~ny interes~ the~e~n or parl thereo(, unle~s in fhe form a~~d wnh ~he :oss payot,le as a'c~esa~d; a~.d in rhe e:ent any svm
of mpney becpne~ payible under such policy a policies said MORTGAGEE shjll h~ve ibe opr:on to ~ra::vr a~~d ,pp!~ the sa~ne cn attou•~t o( the indrb~rd~
ness secured he.eby or ~o pe~mit sa~d MORTGAGORS to recrive and use it or eny p.,~~ t~«~:eo1 to~ c..~. r ~,ur: i ...e,.,.. f ri~ ~„r
~~g any equity. Gen w r,ght under w by virw~ of th~s nwrrgage; ~nd in rhe event te~d MORTGAt;ORS sha!i !or any re~wn fail to ?eep thc aa~d prem~sr~ so
inwred, a lail to deGver pranptly sny of se+d pol~ci~s of insv~ancs to sa~d MORTGAG:E, or fa~~ p:o:nqrly ru F:ay t•,:iy an1 p~r:•..,.•n ~h<•rcior or in any , `
respect fail ro perfqrm, d~scharge, execuro, e1feU, comple?e, comply wi~h z~x! ab~de by ~h~s cove~~e~~i, or a~y i..,rr !:~rrol. s.~~d 1t.vRi~.:.GEE ~~~ay p:ace e o ~
pay fw such insu~.?ncs or any part ~hereo( withou~ waiviny w•f(eding any opt~on. lien. equ~~y. or n;,hi ~r.de. or by ~~~~ce of ti~~~ r.~ortgage, arzd the
full ~mount of each and e.ery such payment shall be fmmediately due and payable and shatl bear ~nteres~ fro:n thc dotN ther.of unu~ po~d at ti,e raie ot
~~ne pe~ centum per a~~num enJ ro~erh~~r with tvch ~nre.est ~hai~ be arwred by the I;en of tht~ mwtgage.
1, To pe~mi?, commil ot suffer no wss1~, imp~irnKnt o~ deterior~tiort of aaid property pr any parl thereof.
5. To pay all and singula~ ~he cos~s, chsrges and expenses, inctud~ng a reasonable a~~orney'a (e~ and cosfs of abs~rac~s oi rf~te, ~~wrred or paid a~
any time by said MORiGAGfE, becauae or in the eva~t of ~he feilwe on the part of the sa;d MORTGAGOR to du~y, pro~~pNy and fu~ly E:~rform, d~xherge
~urs, effKt, compterQ, comply w~lh end ab:de by eech and every the ~tip~lst~o~s, agreemenrs, cond~t~ons, and covene~vs of sa~d prom~ssory nore and ih~i
mengaye any or e~~he~, and sa:d costs, charges and e:penses, each and eve~y, shall be immcKi~atr~y u;.e and Nayab.r; wi.r;l,tr ;:~t ~hzrc L-e no~~ce d~
mand, attempt fo collecl or ~uit penci~ng; and the f~ll amount of each and e~ery svch paymem shali bee• intrr~•st fro+n ~he date thrreof u~vil po~d at t~,r
.~re o+ nint per crntum ~r an~ium; and all said tcsts, cha~grs and ex;:enees inturred w paid, togrth~•r ~n,th auch finer_•s~, shall be sec~reel b~ the I~en ef th~f
mwtg~e.
O. iMt ~aj in ~ne event of an b~ce•Il v( i~~:; 2 G t x. ^f !hr nRIGAG(?R. or ;bl )n / ~
y ,.yvy ;,a.. sa:
".~'.~•`a:.~ !Y_ he evrnt any of 'd wm~ ot monry
herein re4rrred to be not prumptly and fully paid withi~i th;rty,(301 days nexi a'~c•r the ser,e se.era't~ t,rco•~e d~~e a^d pa;aL:e, w.~F~~~; dc~na~~d or
or (q in thr event each and rvery the s?ipulatio~s, agree.aents, cond~fions and covenants o! sa.d pror:saory no~e and ~f.s ~no:rgage any or e~the~ are ~o~
iuly, p~ompNY ~nd f~~~Y PN~wmed. d•stharqed, exe_WCd, e1}eded, completed, compl~ed w~ib and ab~ded Sy, then in e.:her or any such event the sa,d og
~~e9ate wm me~tqned in sa~d promissory note then remaining unpaid, with intere;t accrurd, and e:l moneys secured he~eby, shali become d~e and pay-
ab!e fo~thwfth, a thereafter, at the oprion o( said A~ORTGAGff, as fvlty and comp;etety as if al! of ri~~ sa;d swns of money were o~~gina:ly st:~:~:afed
re be pa,d on such dsy, anything i~ sa.d p~omissory note w in this Mortgage to tAe contrary not~v:~M~a~~d.,~y; and there~pon o: thrrea}ter a~ ~he o~:+~on of
sa":d MORTGAGEE, w~thout norice or demand, w~t at law or in equ~ty, therefo~e or thcreaf~er begu~, rt~ay be prosewtcd as ~f aH moneys sc<~red hereb~
n,d matwed pnw ro ,ts instit~non.
7, That in th~ evznt ~hat at the beginn~ng of or at any time pending any w~! upon i4:~s fllo~tga~e, or to foredose it, or to rcform it, or to enfuce
payment ol any clu~ms hereundzr, aaid MORIGAGEE shall apply to 1he Cour1 hav~ng ~u~~sd.tt~on t'~ercoi for tiie apHO:ntment of a Rece~ver, such Court s~o~i
F~-rh„",rh appomr a.eceiver of sa:d mortgaged propeny all and s~~+gular, includ.ng aU and s~~~~.,iar ~he i-:ca~~e, pot~f=, isaues and reven~ts fra~n wh,reYer
se~rce der~ved, each a:~d every of wh~ch, it be~ng expressly ~ndenrood, la ~ereby morigeged as ~f sNec~f~~a:ty se~ forth an~ desa~brd m the g~ar.e~ng ar.d
hs~endum cla~sea hereof, and auch Rrceiver shall have al! thr broad and effecrive fur.~aons ar.d po.vers m ar.yw~se entrusfed by a tc~~f so e Reta~rer, a~d
s~ch apppintment shalt be madt by svch Court as an adnitted equ~ty and a matte~ of absotvt~ r!ght to s~~d MORiGAGEE, and wln:cut re~e~rnce to the
edeqUSCy w inadrqvacy of the valve of the prOpe«y mo.tgaged or to ~he so~vr~c~ o. ~nso,.enc~ of sa.d I.•.ORfG:aGUR c~ :he drle~,danrs, and rh;t wch
~e~~s, profet3, in~orr~e, issues and revenues shall be appiied by s~th Reteiver accord:~~y to the lien or equity of aa:d M02iGAGEE and ~he pracrice o4 s..ch
Co~n.
8. To duly, promptly and fu:iy pe~iorm, distharge, execute, effKt, co~rpfere, comply w~th and abide by eac?~ and ere~y the stipu:ations, agreements,
conditioos and covenann ~rt sa~d promissay rwte and th:s mo~rgage set fwrh.
9, 7har in fhe eveni the ownership of the mortgaged prem~tes, o~ any part therrof, becomes vested in- a pers;,n other than ihe MORTGAGOR, tne
ti±ORTGAGEE, ~rs wccessora and assigns, may, w~iho~~ nonce to ~he M•ORTGAOR, deal w~~h wch successor or svcc<:ssor ;n ~nterest w~tn reterence to th~a
~-:o•tgage a~d the debt hereby secur~ in the same manne~ as wirh lAortgagor w;rhaut in any way vir:ating or d~xF~a~g~ng ~he tAo~tg,gars' liaoiidty herr
u-der w upon the debt hereby sec~red, No sa:e of ihe pr~~n~ses he~eby mortgage~ and no fo~e•ea~ance on the pert of the ?AORiGA;,EE o~ in s:.cceisors
c- ass~gns and ~o ex~ens~on of ~he r,me for ~he payme~t of rne debt h~reby secured g~~en by the :.t~RTGAGfE o* rts successors or asigns, ~I.aN ope.aee
'o rNease, d~scharge, modify ~hange u affcct the or~y,~w! liab.:aty of the N.ORiGAGOR F.ere~n, eirhe~ ~n wtao~e or in par~.
10. It is spec~fically agreed rhat time is of the easence of this contract and ~hat no waiver of any ob~:ganon hereunder or of the ob:i~ation se-
c~~ed hereby shali at any !~me tbereaf~er be he:d to be a wauer of the terms hereof or of the instwmem sec~red herby.
l l. In aod.tie~ to the forego ng mo^.Ih~y pa~r. ents of print pa~ and intrrest required by tlie prorr+ zsc: y nott s^_urtd her~b~, mo; tgaqa covenar,ts
a~d ag~ees to .~ay ro m~rtgagee v~~th each momhly pa~~,ent a~ add~nonaf svm est~mated by mortg3gee to be eyua~ ro I 12 of the a• ~~ai cost of the foliow-
n3:
A-A4 real property taxzs ~ev~e~ o+ assesscd agii~sf thc above descri;ed re~al es?arP.
B-VrcR:~u•~s on f~re and w~ndsro~rn inswa~ce as nere;n requ~red to be carr.d e~o 7ne :mr+ov~~•rn's s-tvat~ o~ th: abave d^sv:Fed premiscs_
C-Premfun.s a~ such mwtgage guaranty ir.sura~.ce as mo•tgagee shaii ~ro~r r~F fo *~•ne de>m fit ca+ry on ~ne ba~ scc~red 'nereb~.
M.ortgagee sha'.I !rom hme ro t~rr.e not~fy rrrongagor ~n writ~ng of the amount d~~ and payable hereund?r and such sum shai~ thereupo~ be due and
c3,able on thr d~e date of th? neat r.:unth'.~ payment and each successive mar.tn t:ereafr~r vctit mcnq3gee ~sV:~lt nor:fy m.o•!y~a~or of a thange in wch
a-~ount Such sums sha~l be ap~~•~:ed by morrgay~e toward the payment of real pronerty te~es. insvrv.ue prem,urns, a~-d mortg ~qe guaranty insurar,ce
. -e~r.,~ms.
IN ~/tiNESS :VHER~Of, the sa~d MORTGL.GQQ has hereu~to set his har.d and sea~ sh! day and year f~rst afor~sa~d. .
Sgned, Sealed and deli+ered in the presence of:
(Seal)
_ I~~i.l,(~~L )l,l..i - Rol d J. t1 fl Cseap
, -
- - ~r ~ " tsean
.~Q f{S_ 1_. ~ ~ ~6ta Y. Be a tses~~
S'ATE OF FLORIOA ~
~JUNTY OF SC. LUC1@
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8efore me personally appeared Roland J ~IIWSY a~d
GTaC _ Y B IIVaV his wife, to me we~i kno~xn and knonn to me to be
'he indiriduals described in and who executed the foregoi inslrument, and acknowledged before me tfiat they ezecuted the sa~e for the purposes
rhe•ein_ expressed. And the said Grace Y. ~eI1W8~1
Roland J. Benwa ~
~.!fe of the said y upon a seppia~~d ~Iv~_ .
eram~nat;an by me taken separate and apart from fiu said husband, scknowledged to and before me that she execvted sa~d instrument=~ ~i.~ihd vo~uM,~
~ar~fy and w;thout any comp~lsion, consrraint, apprehena~on, or fear of or from ber u~d husbartd.
~ ,Qi,,, ty ~9 • .
WITNE55 my hand and official aeal this_.-.~~. day of vt.~'~~-'t-"~ ~ql -
` :v "
Notary Pubtic in and for the State of fb~ida targ~e~ ~ 1 J ~ ~
My Camm~ss~on expires: `;1;., 1 •
Rewrn To: . .
fint Federa( Sa+ings 3 Loan Associat:on Not.ry Pu~ic, Slate r! i!o~~ at la~Ce '
-o+ ~o,r ve:~e M~ Com~us im Et?,ras Dec. 2T, 1980 -
forT P~erte. Fiorida ~-r~... r~i i Gs~.~r. Ccr..oae•
HLEO ANO AECUROEO Q~
- ST. LUCIE COUMTY F~A
This Instrume~t Prepared By John W, Collins;ch ~1 RRCf R.C~jT CO R ~
Fi~st Federat Savings 8~ ioan Association
of Fort Pierce Yrp~F1E:1",~
Fort Pierce, Florida 33450 ~Ay
3 ~o PM'T~
~hecked BY _
- ~ ~ ~ 3920'~4
$~z~~ ~ z~s
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