HomeMy WebLinkAbout0056 3. To plata and <o+vlnuowly kerp on IT:e Lu~'d;r.y' r•o~v or hereeher ~~t~,.itr on ta;.l lan:i and on aU eq:~ip~-irn1 ar,d ~,ereon~lly ta.ertd b/ ~6i: rnp:ig.
6gQ. with ail p:emiums Ihcteon p~~d in fufl, I:ra ins~tenic ht Ihe vsu.~i s'ar.d~~d E;~~iCY kor~n, in a i~.m ~~,F~rc~c~~ bi 1ha h\l1RiG~.GE£. ancl windito~nt
insura~ce in ~hr usu~l sianda~d pot.cy lann, in ~~um eppro~rd by iha 1.tORlvf vEE, +n wch ic+.-npany cr co~npan:en as ~he l,;O,IGAGEE may
di•ecl; and al{ liro a:,d `n~~d~to~m insurancr po!icies un any of sa~d Uu~id.nyi, ar~y it+t_~CSt tEie~rin O~ {~art th_eeo~, in Ihe aggreya~z sv~~i afp~=s.~~d or
fn excess Ihereof, st~al~ cont~?n Iha us~al ata~:datd rnonc~ag~~+ t~~use ur wch othcr clruao as th~ Ido~lyt~jee n:ay ~eq~uo, maAing ~be losi w~der s+:J poli~
~ies. each and every, paiab!a lo said ~Y,ORIi;AGEE a~ ~ts int•_rs~ m~y r~~pear, and ea:l~ .,r.d e,er~ ~vth pu~~c j st~aif bu ~:ron,p+:y a,s 9nid a~•.d de;~ver~d io
eny held by selu 1,10Rie3AGEE as fu~~hrr se;~•rity to sa~d mcr!ga~e c~cbt, anJ no~ ~ess tl~an ~rn {ICI d~ys in adrynce ol iiie e~~~Erai~wi oti e~ch Fo!~cy, to d,-
liver to a~id R10RIGAGEE a ranaw.~~ thereof, to.~r~her wt~h a recey~l for 1h:~ prr:r,ium o( such rene+va!; and tt~err sAall bc n~ f~ie or wt~~ds~o~m insvrenc~.
placed on eny of said build~nq~, any interesl Ihcrre:n cr part thereof, w~:.ss i~i ihr iorm a~.el with the lois payab!e a: aforesai.f; and in the evrnt any sum
01 money becomes payabl~ unJcr suth nole.y or pol~uee s~ie! h10R1GAGEE st:.ill tiave the oNt:en to rec•=ive a~~J app?y Ihe same on acco„n~ e( the ~nJ.,btcJ•
neu setur~•d hereby or to pe•mit s~id 1.10R:GAGaRS ~o ret:~ivc ai:d use it or-~.:y.F~a~~ s!•erccf for eti~cr nur~os,~s. v.~tno~t ih~~.i~i ..~•~.i.~ c~ ~n.~seir- _
ing any equEty, lien ot r~ght undar or by virtua ot th~s cnor!gac~e; and in tht eveM sa'd hlOr~T(iAGORS shall for any reas~n (a~~ to kcep the sa:d pic~nls~:s so
insur_a, or f.il to delivcr ~roa~ptly any of said pol~cirs o} insurance to sa~d Al`~RTGAGfE, cr fail promptly !o pay fu!!y any premi.un iherefor or in any
respcct fail to perfo~m, d~scharge, execute, eHect, comp'ute, co+nply ~v~~h a~d aLida by :~~is <ovcnant, or any pjr~ I~~reof, s~~d FJ~GFTGAGEE ~nay placa a~~o
' pay (o~ wch insu~~nca or any part the~cof w~thavt waiving or a(iccting any o~~tion, I~an, cqu~ty, or rigl~I undcr or by virtuc of '-it A1o~tgag°, aoci the j'
fvl! an~ovnt of each and every such paymen! sh.~ll be +,r.med~ate~y J~a znd ray~bte and shaU bcar interesl fran ~ha data Ihercof until paid a~ the rate oi
nine per centum per ennum an.i W~rthrr ~,vi~h sutl~ ;r,terest sn~il !;e n.~curcd hy the fien ~f Ih~s mor;gi;~.
d. To permit, commi~ or wlicc no wastc, in~pairment or detari:.rat~on ot s~id p~opc~ty a any par~ lhzreoL .
5. To pay all nnd s~ngufar the costs, chargas and ex}:enses, iicluding a rcasouah~e aUCmey's (ea and tosts Of abstratts of fitle, incurred er paid at
a~y t~me b,v said h1URiGAv;E, 6etause or in the event o* ~h: fa!~,~e on 1ka pa~~ oi the taid ti'-ORTv~GOR lo duly, promp~ly and fully pertorm, d~schcrge..
erecute, ef(ea, camp:~t~, co•nply wnh and ab:de by ;sch ~nc1 evrry ~he st~p~ta~~o~u, agr,rments, conditions, a~id covenants of sa~d pronussory not~ and ih~s
mortyaga any.or Pither, and s~~d costs, charg~s rnd exper~ses, each and ev.iy, s~~at! L., imrnceiiately dur and payab!e; vnether or no1 there be not~ce da
' mand, attempl to col.ect or suit pe~~d~ng; and ~ha futl amount oi cach and eve~! wc~i p~ymem shail bear inferesl irom the date 11:are.^f unt~i paid al the
rote of n~ne per cent~m F~~r ar..~.:m; .-+:e: all saii# cos~_, ci~srges and ~xp~•rses i:currcd ur ea;d, ~o~ether •,v~~n svch interest, shall be socured by the IEen of th~s
mo'~9~9='•
b, That (a} in tF.~ event of anp breach of this tAort9age or default on th~ part ef rhe fJ.ORTGAG0~2, or (b) in thc event eny of sa'd sums oi money
herein referred !a be nor pro:~~p~ly and fuliy pafd vi;th~n t},ury (3~} da~i next riter ~he Sdm@ s.~Jrra~;y become due and n~yaLie, withovt demand ar nono_,
- or (c~ in the e+ent ecch and evrr~ ~he stioa~~•+~ons, a9reeme~»z, cord~!ions and covenants of sa.d pro~nissory nota anrj Ih;s mortgage ~ny or either are ~01
' ~uly, pro~np~ty and fully perfonnrd, (~,Stfl~fJ~C~, GxCiufc'd, ef(e:ted, comp;e+ed, cerrp~~ed v:~fh a~~d ab:ded 5y, then in e~~her ~r any sucl: event ~he sa~d ag -
gregate sum memionec~ in said prorr.~ssxy notz t~~en remaining u„pa~d, vf~tn interest accr;;ed, and ail ma~eys secured hereby, shall become due and pay
eb:e forth,vith, cr thereafter, at th~~ opc~o:~ of said h",ORTGAGEE, as {ul,~ a~~ com~;~ete'•T as if a!1 uf tlie sa~d sums of maney were or~ginally st~pu;atfd
to be Dd.(.I an such day, ar,y~hing in ~a.d p:.,n:;ssc~~y neta or in this h!orrgay-~ t~ ihe co~>>~ary not.firhstand~ng; and ~hereupon ar tF.:re~fier af the opt;on of
said .ti10KTGAGEc, v.~tf:out ~otice or deinsnd, suit at la:~ or in equdy, therefere or ~here~ft~r begun, may he prosetuted as if al, moneys secured hareby
- nad r~ia!u:ed prior ~o ~ts ir.sdtution.
' 7. Thot in the evant that at th~ b..~g;nn:nq of nr at a:iy ri~ne pendlny an~• su:t u; on this A'ortgage, ur ta foreclose it, or to reform it, o~ to enforce
payment oF any cl;~i:ns hereun~~r, s~id ;,10f:Svi'+G! : sha!1 app!y to tha Ce.~,1 L.,v~ng j;,r~sd:u;on ther~o! ior the appo:nrment of a Rece~ver, :uch Co~rl shat:
lotlhv.i~h ~pp~int a rrc°~.er of s~id martgaged prc.Ftrty a~: ~~~c~ sinyu'a~, inc:ue~.:i~ a:i o~~cl s+n?u~dr th-_ income, profits, issues dr.c1 revenues ~rom ~~•fiatzver
s~wce d~rived, eath acu every of ~v}~:ch, i! beir.q c,~prossly unde~s~oad, is 'r.e:~uy mor~alyecl as ~f spec~fica!ly set forth and described m 1he grentin~ ar.d
' hahendum dauses hercof, ar.a such fceteive~ sha11 have ai! th~ b:oad and eii~•cr~ve (~~rct c~~s and ~e•.,ers sn any~v~se eror~s!ed by a Cou~t to a Recziver, and -
s~c~ app^infine-~? sha11 be made ty such Court rs an ad~•~~+r~J eq~~n~ acJ a r:at~cr ci a~sc'~fc -r;ght to ~aid MORTGAGEE, ar'd wiihcul referrnce tc the
' adequsc~ er inadeqvacy of the value of th= p:ogerty mortgage%J or to the sov~ncy or ir.:o.v~•ncy of sa~d 1.tiORiG.AGOR or the defendants, and that such
_ renis, pro:its, incomc, issues a~d revecu-~ sha'i he app;ied by such Raceiver ecwrd:r,g to the ;ien or equity of said h10RTGAGEE a~d the prattice of such
Court. .
8_ To duty, pro:r~;t:y and fu11y pe~furm, d:scharge, execu~e, effeu, compiete: cc•:~piy v:Eth and abide by each and every ihe st~pulations, agreements, .
~ cor.d~t;er;s and covenants ~n sa~d prom~sso•y note and this m~rtgage io:th. .
9. That in the eye~t fhe o•,r~nersn~p o1 the mortgaged prem:ses, or an~~ part ~nc:eof, b:.•comes'v~sted in a pe~son other than tne h1ORTGAGQ:~, the
_ h'.^RTGAGEE, ~ts successors and ass~gns, n-:ay, without rot[ce to the N,OR?G~'•OQ, dcal w~'~~ such su;cessor or successor in interest •.vith,teference tc+ th;s. -
. ...or:gag~ ~ d ihc ~!eL•! hcreby :etu:ad =r. the s~rre m3r.r.z: as v:i!h ldortgagor ~::~s~~u1 in any v~ay vir:ating or dutharging the Rlartg;gors' liability here-
~nder or upon Ihe debt hereby secured. No s3'e of ti:e cremis^s h.:reby +nortgagcd ar.d no forbearante on thC par.l Of ~hz 1.50RTGAG~E Or i!S sutcessors
e: ass~gns a~d no exsen~ion of ihe litnc fo~. the pa~m•~nt oi th~ debt h:reby setureci g~~~~~i by the /.RORTGAGEE or i~s successois or ass:gns, ahail operate
to re~crse, d•ccha:ge, ntod:fy tha~:ge o: a!fcct ~he oriq;nal I~ae~i,1~ of the MORIGAG,IR kerei-, ei:her in whole or in pa~t.
- IG. It is s~:•cc~fitat;; e.3reed that t~me is of the essence o.' t~,~s con~:ac. a::d 'hat .w w?jver of any obGgat~on hereunder or af 1Fa abligation se-
eured herrbv sna!! at any li:r;~ thcreafier t,~ I:~;d ro bc a waiver o~ th^ terms hcrcof or ct tf;c inttr,rs~ent secused herby.
11. 1=, aci;f.r:o ~ to the forE-g~ :;q ~no^~h'y pa<n~c~nss of ;ri::c :;si and i~,!rress req~,,.. ~d Ly the p:orn:sser f r.e!e secured hereb~, ma:tgagot covenanls
~ and ag:~es tc ;:ay to mortgsgee w~vh eacn me^.~hiy pa~~~em an add:~ional Sum ;5'ir, ~ffci q~ ~norteayae to_b_ e:7vai ?0 1/i2 of tne annua! cost of th~ foltow-
:ng: -
A-~;i reat Nreperty faxas levi=~ or ass^ste:i agai•,s: tnc aba:e d=scriced re~i es!a~e. ~
o- Pr~mF~ :~s on fire a,:d wir.di~or.;~ insor;ro-> >s c'r. rcq;:r.~d t,s L•c __r:ic.: rn +i~•: imr.rovemeats s~tuate on the above descr.b~d premises.
C--Pre:,-ivms en svch rnort~agc g~ar=nty ~rsura-c~ 3s n,c•~gagee shal' fro:r :",ne ro time deem fit to carry on the foan secured hereby.
1: o~tqzge~ sh;?I frc:n n~.e ~o t~:r.e netify r.,crtgzgor i~: ;:rlr~r.g o'. tn= a~ro.,~t d~ a and p;yab!~ hereundrr and such sum sha!i thereu~»n be due and
H3yab'e o~ tF~ dvr 03!? G{ tha ~~_xt n:o^!!~!y p3y~^c.~t and c~cli s~.ccx~.-e rre•;th th•r.eaher ur~t;l mcrtgagee si:all notify mortgago,- of a thange in such
~ . ~n~,ount. Svti. s~rns si.aii 6e appii~cl oy mDrtyagee ro;:ard th~ pa~mer~f OT :Clt preFerty taxes, ins~rance p:em:urns, and mortgage guaranty i~surance .
pien;iums.
' 1^! \':IT~iE55 'l:HfRiOF, th~: said t.1GGTrGAG:JR has h-_reunto set his h~nd and seat the day and ar first a(oresaid.
ed, Sealed nd~vere i the p~esencc ot: ~
ftifDt:+:i. ~sL~~~{~EO -
. ; - ~Y. i Ur'i ;-~V#Tt' fLA. - . y~~".~~`';~ {Seal)
- Cha lic ,atti?ettis
- ~ ~(';:.r~ ~.~:RRS , tSeaq
_ G(.E} t :.;U~T ^'JURt [a/ tSeal)
- ~c^r-°-, ~ ~i'' tt~e~ ,'~tatt ews
- - t5eal)
STATE OF fLORIDA ~ ~ 3~ 2 21~ ' 1 ~ . : -
C<IUtJTY Of ~ L_ LU C I('- l.* ~1 7 L'•
~ Char 1 ie :•i~+t ihesv~
iiefo±e m;; pc~rsor~'iy a~:~eared and
'I ~ t. fl< 1 ~•~Ei i t ftf34L'S _ h~s v:ife, to rtie vfzll icno,vn and kno.vn to n~ eo be
_ the ind'ev;dua's descr,6~~ in and vrho exe.ute~ th= foregaing instrumert, a~d acknc.•::edged before me that they executed tFe aame for the pvrposes
there:n expressed. And the said_F- t he 1~id t~ 1"i~ t~ 5 -
` ~~iFe of rhe said Char 1
i~~ ~~t t h~~~~ -
_ upon a separate and private
exa,n~nat~on by ~r~e taken seporate and apart from hnr sa+d huaband, at!cnov:l~dged to and before me that she executed said instrument freE:y and volun-
tanly and vi~thovt arry compuisi~n, co~strair~t, appI~r s:on, or fear of or from her sa:d husband. -
~ V11TPhfSS my hand and o.'fiual s~a this_P_L~~~ day of_-- ~1 ` i-~ A.,6. 1~~
- . ~ ~
~
- ~ Notary Pub1~c in and ar the te of F ~da st La:ge '
My Commission expire~: A ~
_ Re:urn To• ~;J Q
I FErst Federaf Savin~s d Loan Assor.~l~or. - _
- • Ot ~ort P;c:o= - ..~~~e~u;tr
F~rt Pierce. F!orfda ' - • ~ • -
- - : • J l rf :t • _ -
- ~ .
- - - , :I~',:r_tyQYl~i,~ _ .
. This Instrument Prepared By Jahn I~; . Coll in~ ~ y' ts_,: ~ o..-~
` y~~ J . -
First Feciera! Savings 8~ Loan Association ~ f j~~ _
of Fort Pierce , 'r io r i da - . - :Y:.,_. ~3 ~ , -
Checked BY ~ °~OK ~~e7 PAGE t~! -'J;`~G:`'`'-; . .
- ~~~fi: --;t'.
- _ . 2~1~iJllrl:l~~r'.`~ "