HomeMy WebLinkAbout0369 3. YO pla;v anc~ c4nlin~ously keep o~ the bui'.dings no.v tr hetcafter •iluale e~n s~ii! lond ond on aN .-ryvif~mc•ni snci personaGy tov~red by ihis mortg•
lge. ~vith a11 prcmivml Ih.~•e~n paJ ~n (~~II, lii~ inS~~o~i;r iil ~h~ ulu~l Sta~~jr~) ~:oi~:~ for~n, in a Su~n e~.}~~0:~~1 by thc h+GkiG:.GEE, drel ~vinJfttr~»
insur~ntr in thn usvai et~ndard po!~ty ferm, in a s~m br~>~o.cd t,y th~ I,~ORiI;AGE~, ii~ such cempany or Eo~npanies at Ihe h10RIGAGtE may
d~recr; and a~l iire a-:d w~nJsiorm ins~rance poi~c~es an any oi e.~~~ t~,~W,~,~s. any inie~rsi ~n~~:u~n or ~.ar? ihercuF, in Ihe .+ggrega~a su~n atornsa~d or .
in exc~s~ ti:ereof, ehali contain tl:e usuai s~.~,~~i,«i mortg.~,ev dausa or wch otlrcr d+vs» as Iha IAG~ICJ~IJE_ Oldy requ~rc, maAing thc loss u~~J.r s~~d ~.ali•
ties. e~ch ano ~very. Pa~a!~'r io s~id :1QRiC~AvlE as ~IS in1•:rtst n;ay ai:pear, .,red e~ct~ ar.d c:~^ty Su•h po'~c~ ~!~ai! t~e prort~ptly assy~ud a~,J drl~varcd to
any held 6y saiJ h'.OQIG:~GEE as iurti~~r ~eC~rity to ]aiel mo~Igage Jeht, and, nol t~~s~ ihan ten i1U; d~ys in ad~encc of the expirat~on oi each pot~cy, tu de~
liver ro sa~J ~~10~.iGAGEE a renew.+l th~~ioof, i:~~ernr .vith a rece~pl for Ih< <~renuum oS such re~ievral; and the+o shall ba no fire or ~vindstu~m inaurence
plated on any oi se;J bui!d~ngi, any interFS~ thcrc~n o~ pui ihareof, vnl~ss in ~he fo~~n :nd wi+h the loss payabte as afo~esald; and in the r+enl any svm
: • Of money becomcs p3yat;le ~ndCr suth policy or poLciei s.+id 1:,ORIG'avEE ehai{ have tha out~on to recah•.e .~n~S ..n~,t~ eho .;i
~ i~oi~ 3tlurrU n~f~Gy Of tu F:ff~~iil Sj:p fAl)KIl~11VUKJ t0 fcfc'iv~ d~~:~ ~SC i1 Or .:.rly ~:~lr~ tl~•.~i•~.ii }t:! U:t:~.•• ~.~rt :st~.. vi:te•qut t{l~r~~U= :~~Jiv::~~ C~ ~~~~():i!-
ing an~ e,uity: lien or r~ght under or 6y ~irtue o( Ih~s ~»or!gac~c; and ~n the event ss'j.,ti!Oil~~~.•>ORS shi!1 tor any rcaion fail to kee{~ tne said pre~nisca so
inwred, or fail to de!iver ~:romptly any of aa~d pol~ues of insu~a~:ce to sa~il T.10RTG>:,'.E, or ta~l pron,prly to pay (utly any p~c~»ivm thr.relor or in any ~
re~pru fail to per(orm, d~schsi9e, exrcvtr, et(ect, comp!etr, c~~nply wi~h and a~~cla hy ~h.s covc~u ~i, o~ any part hereot, said A50RT. AGEE n,ay n~aca ar.d
, ~,~y F~, _,:h d.. ,..^,Y ~ar; :he;e.-.f : i:`scut :~a~v~ny u~ afirciing e~y option, if•m, ec~u~ty, or r:,~ht unJ_r or by virtue ~f this ?.loifgage. ar,d the
' luli a~iouM afnrach a.^.d c.ery svth pay~ncrt~shall Le ~mmec:iatzly due acd ~:ayabfe and s!~a!i bear imer_s~ from Ih~ date thcreaf until p~td a~ the rate of ,
nine ~ cr tent~m p~r ann~m a,•:1 to~rthcr ~ti•~ih si:<h int•.r~st sh~li oe sc.u~:~d br ~he (ien cf th~s rt~arlgag.~. ,
4. '.o pcrmit, tommi~ or suf(er no ~nastr, i~upsirr~ent or ~leteriorat:on .~f sa:d ~.ropert~ or any part theraof. • -
5. To pay all ar,d singular ~he costa, charc~es ar.d expenses, includ~«g a~r~,son,~ie a?to~ney's f~:: and costs of abstraus o( title, incurred or paid at
nny t~me by said MORiGAG:E, 6etause er in ~he event of ~h_~ f.~ilure en ti c F:art oi ~i,a snid T.10RTGA.GOR to duty, promptly and futly per(orm, d~scharge.
sxecute, effett, camp!ete, tomply -,vith and ab.de by each and eve~y ~he stipufat.ons, agreenu~nts, cond~lions, and covenams of s~~d pro:nissory n~ra and th~s
mortgage any or ei~her, and sa:d costs, cha~ges and expc~ses; t•ach ar.d every, shalt be In~~~,~d~atety due and payabie; whe~her or not there be nofrce d~
mand, atlempt ro co!lect cr suit per.+Jn~g; srd ihe ful; amovnt of ~a~h ar,~1 evar.• such p~yn:cM shafi bear int~r~st from the date ther~o( untit paid al the
rat~~ oi r.in~ aer ca~itum p<r ann~cn; ri.~ yit sa~d costs, :h~rges ard cxe::nscs ~r.c+rre~ ri ~,a~:i, to,~~~her ;v~th such intereit, shali be szcured by !he lien of th;s
• mortgage. ~
6. lhat (a) in tte event of any brcath oi this Mu:tgagr or det3~it o~ il:~ ~+art of th~ ti10RiGAGQR, or (b) in ihe avent any of said sums oi mon:y
hsre:n refer~c.~ to !k; not promptiy and folly paid ~vithin ~h~rty t30) days rtex~ aiter ti~e sa,ne se:era:,y beca~:r due and ~~ayabte, witiiout decnand or notir.e,
. or ~c) in the e+ent eaih and every the stipu;aricns, a9r?emv~us, <or.J;tia~s ar.d GJvCndn!S cf sa:d p~omiisory note and th~s mortgage a~y or e~ther a~e not
iu~y. prompily a~id (uliy per(o:med, dschar~et~. exetvted, ef4etted, co.T.p!e'c~l, con~::;ee: v.i~h ard at:;d•_d 5y. than +n ei~}ier or any such event Ihe said ag-
. gregate sum mentioned in snid promissory nota then re~naining unpai~, •.v~!h in~er~;t :.c~.,ed, a~:d a1i moneys secured hereby, shall become dve ar.d pay-
a6te lorth.vith, or thcreaflcr, at tha ~p!~on of sn~d t~'02iGAGiE, as fully a~~~ co~~p'are'~ as if a!i of 1l;c s~~d sums of money v:ere originally st~pulated
1o be pa:d on such dzy, ar.ything in sa,J prcm;sscry note o: in th~z :.!ortga~r to tn_• connary not.v:tF.stjndinj; and thereupo~ or Ihereafter al the op~~on of
; saic: h1qRTGAGEE, w:tho~t no~k~ or den:and, suil at la'v: cr in eq~ity, t`rre~crr cr ti:c~r~•afr~r b::qun, rnay be prosecute~ as if all moneys secured hereby
h~d maWied pnor to its inst~tution.
~ 7. That in the etent tfrat ai trtc 6cg~nn:~,g r.i or at any t;~ne p~_~d~~:g ~ny su~! u~;co :h,s hlortyage, or !o for£dose it, or to reform if, or to enforce
~ payment of a~y eia:ms hereund>r, said t.1047C:.~G=: st:ali :;:ply to the Court ha:~n_y !.r s<i:c~:en thereof ior the aopo~~tment of a Rece+ver, such ~ourt sfiall
iorth~~iih a~~p~int a rece~•-e~ of sszd mo:tga~_ci prcp,~ty afi and sr~y~~!ar, ir.ctud r.q .,~:d s~n~v?ar ~t~e iczcon~e, p:of~Ss, issues and revenues from ~n•h~tever
sou.ce darived, eath ard every of ~vh'ch, it :;~e~:g c.p~~ssiy undr~steocl, is Fereb,~ r.:c~}:~.;c~d as spec~fically se~ forth and descr.bad in the g~aNing and
habendum :fauses hrt?of, and svch Re,river sha;i h~v_ ail the b+uad a-;CI ft{f:t;.c• :Vr,~T Gn5 and po.~ers i:i anyviise eMrusfed by a Cou~t to a Receiver, and
s.ch ap;.ointme.it sh3ll ue made by sv:h Co~rf as ar. admit+eu cyuity ~r.d a rrafter o~ t~bso'ute righi to said Pr.ORTGAGEE, an~' without referente to the
ndequccy or inadequacy af fh: va!ve of the prr,p~riy mortgaged ur to ~k~e sv ve~~:y o: inaoi•:eac~ ~i said MORTGAGOR or thc defendants, and that such
renu, pro(itd, incc,me, issues a~d rever.ues shail Fr app;~cd b~ such Pecri~er a~coru,~i3 w the iien nr eq~i!y of said MU£TGAGEE a~d Ihe practice of such
Court. ,
8. :o.du'y, pra+nct;y and f~,lfy rerfo~m, d~sch~rge, exec~!e, effect, co..p;ere, ci::~,p1~ with and abide by each and every the stipulations, agreements,
to~dit~~~ns and tovenants ~n s~~d promissory no:e ~~.d Ih:s n~~rtgaye set foeth. _
, 4_ Tfiat in ~he event the ov:nership oi the mcrtgaaed prern;ses. or any p~rt the:~o.', becomes veated in a person otnzr than She 1dORTGAGOR, the ~
N.QRTGAGEE, i~s succcssors ,+.rd ass:ans, may, ~ti~~ifwot r.ot cc- 'o the :'•O~TGnp:c, dea: ,•::th s~ch successor or svccessor in ~interest ~vi~h reSerence to ~hi3
n~oi:gag< ar.d ~he d_Li hereoy secured in tne S3!/70 r,anner as w;ih t.to:t~agor w~th~vt :n ~ny wey viliating or d~scharging the t.5ortgago:f liabiiity here-
under o: upon Ihe debt he:eby secured. t.o 33°C of tre Fr:-nuses ha:eb, mo~tg~ged acd no iorbearan~e ert the ~art of the t~IQ.°.iGAGEE or its successors
or ossin•~s and r.o e~tens~on af rhe t6n,~ rcr rhe payn•:cr,t of ti,~ dc~b~ ;ie•e;y tecured g~:en by the tAORTGF+GEE er its successcrs or ass:g~s, ai~a!I operate
' to reteasr, d~scharge, mod~fy Shar.y.~ or aFtett !he criy~nai I~a'v~t:;y oi the A'.OFTfAGOR herein, either in ~vhola or ir. parl.
_ tQ. It is speuf;catly agreed ±har tt~,e +s of the esie^:e of th;s co•~rraa and thai no waiver oi tr.y obligation hereunder or of the obligation se- -
' eured hareby shal~ a~ any time ~here~f:er be he:d to be a wa~.rr c£ the rerms hare•~4 or of Ine instrumem secured herby.
. 11, fn aod:t:c:~ to the iarege'ng mim+!r'y ~-a;~m;r„s of r.; and i•~t_:es! ieq::fr•,d 'oy the pr~m'siory no~e secured hereby, rnortgagor eovenants
. anJ aqrees to pay b rortg~gee :_irs, eacn n,omh:~ ;;3y:,:ern an ad:i:r;cnaf sv~~~ ;s~::ra~c-d by ~natgr.geP to be equal io l,'12 of the annval cost of Ihe foi!ox-
- _ -
~-All real property taxes tevie~ or dSSE35BC~ CC~31'~5: ~FC: c6ove az:,<<~sa rs!a'e. '
- 6-Pr.n:lu,ns e~ {~~e and vi~r.dstor,n ir.sa,rarcc as n~re'.^. :e:;~.red :o te ca-r~_•d c•, th~ im~rctie~re~ts sitvate on fhe ahav~ descrioed premises_
C-P~c'iniur,'~9 on su<n mor~ga~n guaranty ir.;urur.c? as nio~igacce sha`.I fro^: s:n:c to ii~r.e dee:n fii to ~carry on the loan secured hereby.
~l:o:rgjgec stia'i .'rom t~~ie ro t~:r.a notii; mcrtyag;r in v:ri~Sr,~ cf tn_ arrov~t d~c ar.d payab!e hereunder and such sum shatl thereupon be due and
payau!e on the d-,:e catz of ~h~ next n:on~h'. f pny~~~_,:t anJ ext, su:ccssive :ncs!h ihereafr~r ur.til mortgagee shafi notify mortgagor of a change in such
. amount. Su:h sums sFad! be app?ied by mortgay~~e :c.~.ar~ ;he ,,a,ment of real property taxe;, insurance prem;ums, and mortgage guaranty i~surance
~ E~rEmiun.~5. ~ . _ - ~ - . - . . ~
IN \1iTNE~S WHER~OF, the sa;d MOQTGAGCP, has h^rev^.to set hiz ha::d a.^.d seal the dzy ar.d year first afaresai .
S6goeJ, Sesled and de•.i•rered in the presence of: _ ~
~ _ fILfU ~ 'iti~=:~EO - ~
- ' : ~ Sj. ijJ~,~•- ; •i;'?~TT rLA. ~ ven Lo 15 (Seai)
_ ~2~~ _ P.C~ . • ~?f (Seal) -
Cl~~'` ' _ .:::LJRT ~ , ~ - -
~ - i ~ = - ~ l ~--..._,or_~- ^ (Seal)
- ~-4~..j'j_T_L.~-_ ~t [~f ~ - ~ ~ . ~i q 1 ~ 47~ Ruth Lollis _ ~(5eaq
= STATE OF FIORiDA ~ ~I11 ~ Y - , _ .
~ SS.
~OJNTY OF S~ LUC1G------ ~
Steven L Lollis
Befc~e me persc~~a~iy aope~red - ~ - - and
Ruth__Lol~i~ _ _ ~,;5 ~.r:te, to me v:e!! k~o•rrn and k~io.v~ to me to be
tn? indiv;d~a?s d~:cf:ce~ in end ~vho exet~ted th_ forego~ng instr~ment, ar,d acicnov+~edge~ before me that. they executed the same for the purposes
therein expressed. And rhe :~~d ~ Ruth L~llis ~
rrifc of the said._ StQV@Il I.• I.O111S upon a separate and private
- exam~nat:on by me ta4<n separate and apr.r+ frorr h~r sa~d husuand, aCLnOwledgcd to and before me that she executed said instrument freefy "and volurn
' tari;y ard :~rith.~~t any co.:i~.L~Sivl~ cv:~siroint, a~Frehensic r fear of or frorn her said husband. -
V11iP~ESS my hand and officia! seal th~z___. _ daY of / A. D. 19
, - / _ ' -
• -
- " Notary Public in and tor t e Stata pf Fiotidt at Large ~
' ' hty Comm;ssion ex¢ire ~
I Retu7n iil: - - _ ~
firsi Ftd:ral Sevi:~gs E Lorn Asscc+~t:on
- - _ ~
i_ Of ioct ~:~•,cP. . Noc~ry hrb~c. Stah of Fia?fido ot torg~ : . ;
i Fort Pierc~, F;crids My Cenmiisi~o E:pir~s Oe+. 3C, 1976 ~ ~ ~ i
Bonded by A.roor7ccn fire L CasVOlt/ G, '
J'~'~~~'1,~::~`~~j~`r/.
. _ • y
- ~
This Instrument Prepared By Robert /1. Swisher, Jr, ~ j. ~Y'•_~:^% _
' First Federal ~avings 8~ Loan Association _ , ~ , -
- of Forfi P+erce F~oY ida 33450 ' = -
.
_ 'J . .
: Checked By ~C;~ - ~j ~ c~ _ ' ~ ~ ' '
BtIQlt ~ PACE c.)~~ ',f.i_,•.,.s, . .J _
;l:,~;
. .
=.::t;:.~: -
. . . , ° C~ 2