HomeMy WebLinkAbout0058 ~ 3. To p•+tr and co~vin~~o;,sly Aeep on ~f~e t~i'.~~nc~s r•v:~ on c~reaLtr ?~tu+~e o;~ so~d land and on efl.q.~i~,n;ent sr.d persunaliy co.ercd Ly +h~~ mortg.
ape. •Nith ell prrmiun~s Ih~ie~n pe~d ~n (:11, {~ro int~ron« ~n :i~~ ~sv~l s~.,ndai~! ~:o;~:y tor~:i, in a su~n a~.N~o;rd br 1!~r A;(:U~~C~;.GEC. anJ v.in:istorn~
insuran;e in tho us~-~1 standud Hel:cy (orrn, in a sum ap}:rovcd Li iha ls10k1G.'~Gtt, in tuch wmp~~~y o~ to•n?an:es as tha !.tORTGAGEE nuy
dirrt~; and ~11 (ire a~~.t w~~.:luutin ~ns.,~arte {~o:''ics , n, r, o! tia.J bui!d.r.gs. en f inte:eat tiie~cin or ~~~t tha~co4, in tht aygr~;yat~ s~•:n alaresjid e~ .
in excesti Iha!eoi, shall ca~tsin ~ha ~s~e~ »and:rd mo~l~.+gea c~~:,se o~ svch o~h~r el,,use ~s ihu 1.1o~iya;~eo rnay rrqu:ra, n~al.~ny ti~~ Ici: unJe~ s~,J poii•
eies, each and Cvery. F.rysb:a to said .~WRTGAGEE as ~IS inl~;.sr may a~,pCa~, anci .~a;h and e:ery su:h sl~al~ he p•on:p!~y aasg~~ci~ .v:d dr~i.•i•r~d ~o' .
eny hetd by sald MORT4AGEE ns f~~ther sacuci~y Io sa~d mo:lya3e d~bt, a~~d, not !ess rhan ~en (?U1 days in ad.~~uc ~1 ~he ex`~~~oi~o,i ot c~ch po:~c;, to de•
liver to s,id A1URif,O.GEE a rer.eK•al thtreof, ~ogNher with r rrce~pt !or :ha p~~~nium uf s~ch rene.val; ar.d ~he~e shatl be no I~re or winditann insurenca
pl~trd oci any ol said Suil~+i~:~s. eny interes~ thcrain or pa~~ ti~~reof, vn!ess in ~i~e fcnn ar:l w~ih 1}^ !oss pay.L-!r ai alcr~said; and i~i thc e~rnl jny sum
of money bec~^~-:~ pa;ab!e vnder wc-'~ potity o~ pol~cies .eici ~IORTGAGEE sh.~il i~a~~ ~hr upt~on to ro._ivu a:~+? app'y ihe saroe ~n aciu:,.u o( thc inJcbced~
ness secured hrreby or to pem~;1 f~id MORTGAGaRS to r~cei~c and uea i? ur nny ~:~~t ti~,r:r•~( inr oti~•,r pvr~•escs. ~•;~~h:~.t ih•~.c: ..~.in~ cr r.:~p~~=-
Ing any equify, ~icn ot right vildrr Or by vi:tue ot Ihis mo:!gj9e; +~r.d ir~ the evcn'. s:~id .~1731~s'Ai~OkS shal; tor any reason hil to .lcep thc ia;d p•c~n~srs lo _
insured, ar fail to d~li~er promptly any e.f a:id pc+~~ti:s of insurance to ea~d ~~tORiGAGtE, or fail p~ompdy to pay fally a~+y pre<ni.,~n therefN~~ or in any .
respect (a]I :o per(o:m, d~scharge, txecute, ~fL:u, con~pl~t:, com~~ly wi~h rnd ab~da by th~s ccven~~v, or ar,y ~art F_reof, si~d I~10QT3AGEt ~~~~y placr a~d .
pay ?~r suih t~sur.ince ot any peri th?reof w~thoul ~vaiving or aftecting a.~y uption, lien, e:~uity, or n~h~ ur.der or by virtue of tiis Alorrgage, and the '
ful! a~iount o( eath antf e~'ery scch paymeM shrll be immed~ately dv~ and ~:s~~ble and sh~ll heer %~tcra~t fru~~ the datz IF,ercof ~:ntil p.~<q at the rtt~ 01 ~
;~ine per cenlum per a~num 3~td to~.ih,~r with such i.iiercis shai! c.e s:~~ur.•d h~ Iha fen o( th;s ~nort~aga. -
3. To permit, cor.imit or suf!er no waste, in~p3itmen~ o~ det~r;o~at~on of sald p~o~erty or an~ prrt ther-,;f.
~ 5. To pey all end s+ng~la+ the cash, charc~e~ and expen:ei, ~n:ti~dif~g a r~asoi,ablv anomey's fce ano costs cf abstrac~s cf ti;Ta, inrurred er pa~d at
any ~ime by said AlORTI:,AG.E, Lecausa or :n the eveM ol ~hc fa:lure un tiie p3rt e? the s~,iJ 1.10R1GAGOR to duly, pro~-.ptly and fv!ly p~rior,~;, d~schjrge.
- execute, effett, cornplete, comply with and ab:dr by tach and cvery the st~~:~lal;ons, a~rcements, :ondit~ons, and coveram~ oi said pro:n~ssory not. and th~s -
morrgage any or either, ard Sald cests, charg:~ and expenses, eacii and every, ahai+ be imrtiC~:Iidt@Iy (:~2 and payab!e; whsther or not rhere be notite d~
mand, athmpl ro colled or suit pgnd:n9; aied ~ha (ull amu~nt of each and every svth ~.a~~ cnt shall brar inter~s~ From the date thareof unti! paid al the
r.~te o+ nine p~r canium E~~r ~n~w:i~; and ail said costs, ~harg~s and ~•ap::naes inc~~~ed or paiJ, tog~~;Fcr •.c~th =uch irterest, shall te setured by the I~en df ih~s '
ma=tgage. ~
b. That (a) in !nc event of any breach of this Mortgage or default on th_ p~rt cf ihc !AORIGAG~P., er (U) in the event any of satJ svms of money -
herein retarre~ :a be ~at pron~pHy and Fully paid r:ithin thu~y ;3J) days neci afirr ihe ~ame sc.era:ty becumr due and payabfe, w~thouc d~mand or ~o~+c^.
or (c) in the event each ar.~ evcry the stipvtations, agreements, conJirions and cuvan=~nts oi sdJ ~:ro~n~ssc~y note and th~s r.iortgaye any or ei~het a~e not
i~ly, prompliy and fu~ly performed, d~scharged, ex~c~ted, eife~t~d, cornpleted, co:npi~cJ ;r~'h aed at~ded 5y, then +n ei~har ~r any such eve~t tha said ag
gregata sum mcnt~oned in said prum~ssor~t note then ~~~t~aining unpaid, vi~ih interrst dU~UCd, 3llt~ a11 n•.on~ys sccured hereby, sha~l betome due and pa~-
ab:e forih.vith, or t}~ereaftcr, at the op!~or. of said M1',GRTGAGEE. ts fclly and co~~~F!er~~~• as i( a11 oi thc sa~d sums of money were er~ginally st~putated
to be Fa:d on sucn J:.y, anyth~ng in sa:d prc.n;~sery r.ote or in tf~~s 1.1ur~ga~r to ~h_ canira~y notvfi~hstand~~~g; ar.d the:eupoa ur :hereafter at the ool~on of
said htORTG.AGfE, w~thou! notice cr C~^n:3n(I, SJii at lav~ ur in equity, th•.refore cr thcr~after 6e9vn, ~1ay Fc ~prosccuted as if a11 moneys sec~~ed hereby
had natured pnor to ~ts in~litu~ion.
~ 7. Thar in the e•:en' that ~f rhe beg;nr.:ng ef or at any tio,e pe~~a:ng any su~t v,-vr. fhis ~'ortyaye, or to fereclose it, or to reform it, or to enfn•ce V
payirient of any dai+ns hereunder, s3i,; :5"vRTG.~Gcc sha!I a~pfy to th~> Co::~t h3~~~~g ;.,~;edc+:e~~ t!:e~eol ior the appo~m•nent of a Receiver, such Ceurt ihait -
Icrlhwiih ap~~oin~ a rete~ve~ of sa~d mo~tga~eil prcpe~ty a!? ar.d s~n~ula~, ir.u,:d.n~ and s!~s;~ular ti;~ i~ come, pro(~ts. issues ar.d revenucs irom vrhate.et
- sowce d:ri•:. ea-i: ar:1 e~.er~ of tvn~;4~, rt being e~c~r~ss:y understcc-ri, is hrr: ~y mortq;,g•>ai as i! 1(:et~}icalty set (ortti and desCribed in Ihe grantin~ and _
haber.dum clauses hereof, and such Recrirar sha11 have ai~ the broad and e~fec<<ve fw•ct.ons anri ;.o,vers in anywise entrosted by a Co~rt to a kecci~~r, and
tuc`., dpFointmCN shat. be ntdi~le by SuCh CGVrt-,;; an ad,utred e~~u~~y and a m.aiter oi :eh~e:~Te r~ght to said t.'.QRiCsAGEf, and v:i~hcul re(ererce fo the
edequacy or inadeq~~acy o! the valur oF ~h~• ~r~perty rr.o~tgagcd or to the se..ency cr ~n:c;ver.cy n( said IL~RTG:~GOR or the defend'onis, and that auch
rents, pro(its, intame, issues an~ revenuef shail be applied by such ketei,~er accord:~ic tu ~t.e lien or rq~ity o( said /AORTGAGFE ar.d the practice o( st,th
Co~rt. ~ .
8.-Tu d~iy, prom~.t.y and ful!y perform,-discharge, execu~e, ef'ea, complrt~, cer; p!~ with and abid> 6y each.and every thP stipu!aiions, agreements,
condition~ and tovenams m aa~d promissory nele and :h'e r.lortgage set forth. _
9. Tha1 in the eve~t the o~a•nership of the n.ortgzged p~en~i5?s, o~ a~,y part th~rccf, beco:r,es vested in a person other than th< MORTvAGCR, the -
'A'.ORTG~GEE. irs wccessors an~ as!~gns, may, v.ithout r.os:c~ :o the J.'.OCiG~~OR, dca~ ~r.6ih such successor or successor in' interest ~v~~h ~eterence to thls
maegaqe a~~d the dzbt hereby sctured in the samc manr.er as w~th /.lortgagor •f:~5~.oui in any way vit:atin~ or d~schargin~ the 1llortgayors' ~iability hete-
. under or uron thc debi
hereby sea~red. h!o sa:e of tha Fcec,,~ses hereby n~ortosGed ar.d no {orbearanre on the part oi tFe /.10R1GAGE~ or its succc~scrs
or ass~gns r~d r:o extens~on oE the iime fo~ th~ paynient ~f ~he debt hereL~y securcd g~~~n by the 1.10RiGAGEE or its successors or ass~gns, at~a!I operate
lo re~ease, d~scharge, mod~fy thange or affect the orin~n~l Gei~:i~ty of th~ f.',ORiGAGOR I~erein, eithzr m whoia or ir. parL -
i0. !t is spec=f~catiy agreed tha: t~me ~s of ti~~ ess~~~ce of tl•;s contract z~:d that no v,aiver of any obligat~on hereunder or of the obligation se-
cured he~e6y sha:! a~ any time thereafrer be he;d to be a v:~i:er oF th~: R~rms F12!EOf or of fhe instrument secured herby. -
. 11. In c,<i:l,ro, to the fo~ego ~;7 n,c~fh`Y ~.a~r.i:nrs of ~-i:~.c ,-,al ar.d i~tere;t ree;u:red by !he pro:n'ssery ne!e setur2d hereb~, rnortgagor eovenants
and ayrces to ray ro mo-~g3g_e :tiith ea.h n:on~h?y pa3•::;ent zn ec3d~cionaf sum es~ ^~a!eJ by .r.crtga3ee to be eqval to 1:~2 of the anr,ual tost of the fo(lo.v- '
ing:
- ~
A-A!I real ~,roperty taxen le~~icd or LSS_SSClJ ayai•~sr thc above descr,b<~ real est~rc.
E--~:e~,~~~r.s en iira ano v::ndsto-r.~ irsura~~a~ ~s ii=re~n r_-q~:red :o be ca*-~ed e~o'he :rr•~roveme~ts s;tuate cn 1h~ aba~~e d=sc:i6ed premisas. '
C-Pre^~ivms en SULFI n:Ort_=~d guar;r~ry ir.tvr;~ ce as martgayee s;~;'I {rc:r. t r.~e to ti+ne ueem fif to car.y on the l~an sccvred hereby. .
1'.!o:9gagee sf~a~! frr,m rirr,e to t:~r.e ~~e~i~y mGrlyac~C~ in •:lriting ef :n: a~-:o: ~t d~: xnd payable hereur.dar and such sum sh,-~:I th~reu;,on 6e due and
payable en thce u~e da!c of the ne~t manth'y paymeni ai~d eacf~ svccess:ve :r.o:~!h t'r:•~:eai~er u.:til mortgagee shbil r.ot;fy mortgzgar of a chang~ in such
amnunt. Such sums e~:a~l 6e apri:ed 'oy mortgag~a tc:•:ard the payment af rea: proparty taxes, insurance prem:~ms; and mortgaye guararoy insurance ~
' ~ E'i/C!1:iumS. - _ . ~ - ~ -
IN '.'~IITfJE55 P/H~KEOF, fhe sa:d A!CRTGAGOP, has hereunto set' h;s herd and se:~t the day and year f~ st aforesaid.
Sig:+rd, Sealed and e~Gdered in the presence of: ~ ~ ~l~~
~---r---,r---- ~1L~~ ~4' ~~Ll.~t7E~ ~~~'z'L>c'.~' J...~~CG.._.!.Cc _(Seal)
tG' ~~rr._f _z ,1 SZ_ tJ~~~ JLhSI FIA. Qc . ~a 1 eY
~ Q ~ ~ ROt:;=r i ~r~a~ i {Seaf; i
Gl~~:r: :il.: ~OURT~,~ .aro
yn ~ ai ey tseat~ ,
~F~~- - ` ~ ~ - • _ --l5ea!) i
STATE OF FLORIDA APR ~d ~ 2~ J p '
~ SS. ~.l1J~~~ C7 . . _ `
~ ~DUtJTY OF ----'c'-ts I.. LiC l~ 1 . '
i B~fe•e me persenaliy appeaced ----~"OC~1! _I.., f~c'111C~--- ~ and
I -------`--~rLl~~n ~~-~.I;~~Z~-'~'_____ his ttii~e, to me ~vell k~.vrn ard kno:•:n to me to be
the i:idividuais desc:;6ec. ar:d ~ti'r.o execu:'ed the ferego~ng instrumEnt, and ack~o.v:edged be`cre rre thzt they execu?ed :he ;ame for the purposes
Iherein expressed. And the said_ Cc1YOlyil t~, ~Fill~y _
- wi(e cf the said COC~y l.. I;F31~.@y ~pon a separata and private " >
exam~nat~cn bv me taRen separate and aparl fro:n her said husbanu, ar.Fco•h•tedgcd to and before me that she exetuled said instrumenl freely and voluo- ~
rarily ar.d w~thoul any cornputs~or., cor.slraint, app:ehenson, or fear of or fram her said husband. y
WITN~SS my hand and offic;~i sea! tnis_ 2$th _ day of - Fipril A. D. 147~ - F
- - Cc, l ~ ' , , - ;
_ - c-~=~ ~t,sc~--:~" ~._..~.1-` ~ i
P~otary Pubf;c iq~nd, fd the 5fate of Floritia aT La«~e _ ~
- _ My Commissod"expires: ~
Refam :o: ~ . _ ~
~irst feo~ral Sav;r.gs b loan Associat;on ' " - 1tiolary Pu`:l:c, S;a:c cf ~;r.'.~- o! tarn. ~
Of FarT ?:rrr~, - _ . _ l~y Cc:hr:•i~-ipn E~-N~t_- :~'y . , ]:i7
_ y
6o!:clru : y Am::ic~n I::c L L.,:v_::~ Co.
fort Piarce, Fforida - ~
_ _ - , . . ~
~
. - ,Z - ~ i
' ~ - . . - {
This lnstrument Prepared ByGary F, filiNOOtI ~_i .r ~
First Federal Savings & Loan Associaticn ~,1-' - " _
of fcrt Pierce, F lor id a _ - ~ ; - . ~ - - . . -
Checked 8y ~ . R - - - ' . p ~ _ : _ - "
r
~ , :
. ~ - COVf1l~/~V 1l141~ ~V 'r,..~.l.i - ' . <
_ ' . - . . ~'lr • ~ . 3
- ~ llltl:::: s
- _ , - _ _ ' ,y: f ~