HomeMy WebLinkAbout0739 J. To place ~n~l ecnr~nuous~/ k~'~`p o~i ~he bu~!~i~n._~e t~o.v or Ih'r.~aft~r ~ tu,tr o:i s i;! I,~.d and ~n aN .•q.~i~,:r.ent and pcrso~atty covrr~d by this mortg•
~3e. x•:1`t all ~remiua'.t tiier~on pi:d in (ufl, tirc irsvr;,n<e in tne .~su+i itsi:t~rJ:{',O'.•tr fo-m, in a s,~m .~F,ru~:cd b~ Ifi~ h10RiGr`.GEE, an~l vrindslornt
ins~ren~e in• Ihr vswi s~"~:la~d ~:o1:cy fonn, in e acrn .~pj,.u~ed h}• tiC M~1~TGAGtE, in su.h co~~pan,y or t~m~anies at. the ~r~OkIGAGt~ may
diretr, a„d all flre and x~nds~orm inn~~rcnc•~ ~,ot~ci~~s oi~ an~ oi seid h~~'d,n~~s. i~~y intc~aet thcr.in or ~~a•t fh~reot, in tha rc~9regate u~,,~ a}eres~id or .
In exctss ~he~co(, sf~a11 tont,-,~n N;~ usoi~ standticJ ~ne~t~~~get• tlausa er sutl~ othc~ C'.1USi' as the /.1or~ga~<~e m.~y requ.re, making tl~e loss ~~rd•:r s.~~d pc~ii-
des, euh and ~vkry, pr;aF~l~ ro saiJ A1~,RIGl~GtE as .is i~:~,_r:sl nuy appcer, and cacii and cvc~y si.ih {;o ic~ sl~;{i he pron:ptiy ast9ned and d~~~vctrd ro
any hclJ t•y s.~~d h;UFIGAGEE as (urth;r sec~~~~y ~o s.+<<i r~un~~gc d~t,~, a~~d; net :ess ihan rrn ~10} days in adran<e of t6a expirat~on ol each pol~cy, to de-
liver to SjiJ 1,10RfGAGFE a renew.~l ~hercof, Icx~ether ~vifh o rrcript for tn~~ prr~:iium o! suc~ rener.ai; and !hrre st~a;l b. no fite ur .v~nditu•,n ins~rar..-e
plated on any of said l~ui!d~ngs, any intcrest ~hire:n or pait Ih~i~o(, ur.less in tLt• fcnn ar~d ~v~th tl~,e loss p3ya[~:e as af.^,ress~d; and in the e~~ent any sum
, Of money becomes p~yaF3!c vnder Svch palicy o~ poGcirs a.tid 1:,OETGAGEk sh;ll hetie ~h> option to teo~i~•c znd apply the ~aine on account oi the ind.:hted• ~
~ess sc.~r,~J harcby cr ~o ,:~~m~t s3id :!ORTGAGOFS tc recciva ar.d use it or a~~y p.::rt th•.rcoi io• otiu r nu~pcses, .•:;tho~t ~h i~~ c~ ~~~~p~~•-
inc~ any equ~ty, I;en or r~ghf under ur by virtu~ of this mo:'{~age; and in the evrnt sa'd ,\1~~2fGAGORS sha!I for any reeaon fail fo k~ep thc said nrcrnis•_s so
insurcd, or fail to d~~!iv._r promp~ly any of s-~id ~~i~ties o( ins~srai:[c to sa'.d 1.11'~R1G,IGCE, cr iai: p:on~ptly to pay lulty any Nren,ium therefor or in ony {
respeu (ail to per(wtn, d~schsn~e, excculr, etlect, cu:np;ek~, co:~~ply wiih and ab~de h~ tF~s coven~nt, or any pa~t h.reof, ;aid ~ti10RTG:.GEE may piace ard
pey (or svth inwrante oi any parl therecf a•ilh~ut wa;virg or af(ecling any C}?t~on, lici~, eqwsy, ot ri}Is1 undet ot by virtue oi tl~ii 41a~tgaye. and IhE
full arnounl of caCh 3r.d c~'ery s~ch p~ymcnt sh~lt br irt:incdiately dve a~;J F:alal:tr a~::1 sh~il bear interrsl iiorn tha d3!e ther~of until paid at tiee rcte ol ~
n;ne E~vr centum Fe~ a~~.nu;n a~:~1 t..;,tl.;_r •:.iih z~,;h interesi shafl !r• sru.r<~:I h} t{ic I~en of th~s mUrtgaoa. ~
J. ~o p~rm~r, eomm~t or aufter no ~v.asto. irnpa~r:,~crt or d~ter;orat~:.n oi sa~d Nro},irty or any parl tiiereof. ~ ~
5. To pay all and s;nguljr tl~e cpits, chatges and exper.sas, including ~ r~asonab}e altorney's fce and cosls of abstrec~5 0( title, inturrtd or peid a! g
a+iy Iin.~ by sa~d A1qRIGAG'_E, 6eca~<_e o~ in the e~.ent of Nic ta~l~rc on ~F~ pait cf ~iie s~~d f~SGRTGAGUR lo du~y, prompNy and iully pzr',orm, dis;harge. ~
ezetute, effect, compf:te, cor,~;r ~v~th and ab:de hy eath and every th~ stipv!at~ons, agrcc~nents, tond~tions, and tovenants oi sa~d Pro:,,«:o.y note and th~s ~
morigagc any or e~iher, a•xi sa J costs, charryes •~~~d expr:ues, each and every, shail be i~~~~~d~al~ty d~e and payab~e; wherher o~ not there 6e notice da 3
mand, attc:npt to tolfrtt or suit pc~~d:ng; ond tFe fu`.! a-r.ou~~! of cach and cvery such paymeN sh~ll 6ear int~:est irom the date Ihereof until paid al~ the ~
.
ra~e ~~i rune per crntu:n E.~; ~nc ~si sa:d t~~s'i, ci~a:~~s and t~~tJ~~„srs ie:vneJ e~ paid, toq~Iher x~th such inte;ast, st;oE) b. setured by the lien of th"s
mortgagc. "`2 ~
6. That (a) in tha evant of any brea:h uf this hlo:tgagc or drfault en tt~~ parl o; the h'.ORTGAGOR, or {b) in the event any of sa;d sums of money ~
herein refcrred to b_ not pre~~~F~tly ar;c! luliy pAid wi~h~n ~hnty i30) ~ays next a~rci Ihe san:e severa!ly ~econic d~e and payab!e, ~vithout demand or notice, ?
or !c) in !he e•:ero each ard every ~he stiF;u!a~icris, aqfec'm@nt5, CO~1(Iltiu~:s arJ cose:ianfs of sa.d prorn:swry note and th~s mortgac~e any or ei:her are no! ~
~uly, pron•.ptly and Iully perior~r.ed, d•s:ha•gcd, exc;~trd, clfectcd, co~nt,!eted, co ~~pt:~J r:~ih and ab~d~d ~y, tnen ~n e~th~r er any su;h event the said ag•
gre~ate r,urn mfnfiontd in sa~d promiuory no!c than rema;ning unpaid, v.ith intere;~ acr.ued, ~nd a11 mo:~eys secured hereby, sh~ll become due and pay- ~
able forlh.vi!h, or ther•.after, at the opv~o.~ of sa~d ,~tCRiGAGEE, as (ully an:1 co~e~pie~c•iy ~s ii~ail of t1~e said wms of money were originally stiputated -
to b~ pa ~ on svch cio~, :nyt?~ing in sa:d pro~nissory note cr in ttr1 Mortga~o to ti~•_ camrary not,v;thsrandiny; and therrupo~~ or thereafter at the option of
said MORTGAGEE, witf:out cor.ce or Je~nand, suit at law or in equity, therefore or thereat~er begvn, may be prosccuteci as if all moneys secured hereby
had maturcd p~i~r to ih irslitution. ,
7. Ti~a~ in ihe event iha? at thc brginn:,ig of or a~ any f~~ne ~,endi~~g any ~v~t v;~-~n ~!zis Mortgage, er !o !oreclcse it, or !o refo:m it, or tc enforce `
payment of any c~sims h~:eur~der, s:id I:.OCTGr+G_E Sn3IJ eppiy to thc Couri h;vi~:g ;vr~~ei,ction th~reot for Ihe dpNOI11T(Ili'f1T O~ a Rece~vet, such Co~rt shail ~
Fo::liw;ti~ aF~.oi~~~ a re,eiver of s_id r::ertg~~~-d ~•rcperty a!! aad s:n3u!a~, intl~Jng a:i anc+ s~•~a,;~sr the inco~r.e, proKts, issues acd revenues irbm wh:tever :
scu:._= ~~r;:cd, e~;l~ and <<:e; -.if w'~~:ti, it bo~: px vessi v~:d_rstco;i. is }e:eb n~.^.~fc•:.r cJ ai if s r~c~fica;E• set forth and destribed in the granting and ~
y q - } Y ! ~-J ~
haberid~m c!auses t.erof, and iuch Ri~ccivc: sh7!t ha:~ a!1 the broad a~d efi~ctlve f~rcv o~is r.nd po~~e~s in anyv~;se entrusted by a Courl ~o a Receiver~ and ~
s~:h appeintment sh~L' bc rnade b•~ wth Ceurt as zn adoiitted eq~i~y ~~~d 9 m>ftM cf abso'vt~ right to said t.!02TGAGEE, and withoul re(erence to the ~
adea.~~cy or in~dcquacy of iF;~ va!i:a of the ;.rcp_~ty rae~rpaged or to rF~e so::::~c~ cr ~~,>c;i~~ency of said 110RTGAGOR or the da(enda:us, and that wch ~
:en+s, proins, ~nca~»e, issv^s and reve~~ues sh~:! appG~d by such Rec~iver ac:o,i? :g tu the lien or equit~ o( saiJ A10RTGAGEE and the prauice of such ~
Court. ~ ~ .
8. To dut;. FT~n~;.!`y and f:~:ly Fzr!errn, d:s:huye. execut.-,. eflec:. comyret.~, c~:~,,,ly w~th an~ abide 6y ea:h~and-every the stiputations, agreem~nts. - i
tordit~cns end co:er.anas ~n p~crn;ssory r.o:c :,::d !I:s :~:crtg~3e scf fo:th. - ~
9. ;F.at in :hc c.•_;,• fi:•: e:.~e=:h?E: pi ih= r~~ri_a_cd pre:r.ises, c~ anr pirt ti~~_rcof, ~ecomes vested in a~±erson ;,~her than the h50RTGAGOR, tne ~
MpR7i~AGEE. ~ts sv:o-;;crs a~:J ass:~ru, u~~y, v.~+h~:lr n~ice to ihe :t~RiG~Jh, d~ai v:i~~ svch svccessor or successor in interest wrth releecnce to th;s -
9 5- / ~ as ::~~h ::;~~tg,3ar •.v~~h;;ui in ar.y ~
mu•t a^ a.d rha d_~:f i.c:cn~ ~~c;;~ed in the s:.~e n~a:,n ' ~vay vit;ating or d~scharging the 6lortgcgori liability here- ~
u~:cier or ce::n ahe d~ta t;_;:_;~f•s~c~rcd t:o sa'e of ri:e p;e?:~~•~s h,r_b~ rr.calgyged ~~c! no fer6earance on the part of the I.:ORTGAGEE or its successors q
cr asrgr,i ard ev e..+r:;~s~on ar the t~n,_ fh~ Fay,n:~r,t uf i%~~ d~•i~! he~-~i~~ sec~rd qiven hy Ihe lr,OR?GAGEE o: it; suttessors or ass:gns, a~~alLoperate
to re~ease. d:schargt, r.:c~~fy c~ange c< <tie~f tt,e oug;,zai li;brity ef ti~e '::UCiGAGOk i~erein, either in who!e or in part.
' :0. It is s~.cc:f_a;;r anrce~ rbat ri,~c is of t~~c czse:~c- oi ti~is contr~.~ and :ha~ no waiver of any o6!~ga~~on hereunder o~ of the obligation se-
' cured h_reby sha:i at zny ?in,~ shereafser be t~e!d to be a v:~+•.r: oi t}~~ !Erms h=reof e,r oi t~e instrument secured herby.
~
t~. L•= _:i:i r.;:i ~o f~:c ~~rec;o ,,tt,~; .,_::~s o` ,:~i;~c paS ~.nd i•r.e~_s~ req.i~r~ d t3~~ the prom;sscry rorc- s_c~red hereby. mo:tg3gat eovenan+f
and az•~: s~~ ;;,y. •n_.._ ,.~rF: , x,^,~ ti a.. a_ . 1 t~ n:e:tqagee to be eGu31 to l;'12 of the annual cost of the follow- ~
~~%r. :+i.?1 SV") ci't
- i.^.~: ' _
~
~ /~-:~.i: tc,3~ ~:.'Oj:^fiJ }3x:S _:~_v C' •155~5+••u ~y3i•:St Ii:~' ai'~0:2 (~•_i:"-,:: r~~~ CS'3~n. _ ~
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- 6- ~':•':i~~:~s e~ f:r;: anzi ~n[eJs!o'rt. i•.sui3c:., {:e.e~r, r:-~:~:r~ii to aer t~*~ied ui the im;ro+:~ie~ts situate on the eb~ve de=crib~d premises. ~
' G-Pre.n~,;.•s e:~ :~cti +::crt~~age gu:vo:,ty ~csv:a:.:e rs illb'1~3~2Cc :C13:I !r_:~: t~~:e t~ t;~n~ d_em fit to earry on the loan secured hereb/. }
.1~'!gaye~~ s~~~'I frcm ;~~r.~ to t[:,-.c ~:c:~1; a~orr~~~or ?r ,r.rie:r:g c? the ;n:o,r:t d~~ ar.d payable hereundrr and s~~th sucn sha!I there~pon be due and " ~
' p~;•oo+e cn th~: d_~~ c_!a ci r!-,; r_ u:~ ~-;r~:~ p;,•r.e~•t a~d eac~~ wccessiv~ ^ cnr4 tr._-rr-aft~r u~:~ii mcrtgagee sha11 r.et~fy. mortg~gor of a change in such ~
dn,;pvr.l. Sv[~: Sv:r.S <_t-a~:i tie ap, ~~ed by n:;:r.};g.~ :~:.a•d ~.~yrnent ef ,-e:i }.rcFerty taxes, insurar.ce pre:r.;~ms. and ~T~ortgaGe guaranty insurance -
p'en:i~n;4. - - . .
_ ~ ~
IN 'dlliNE;S :'rH~REO~, iRe sa~(j }~•ORTGN~i:Jh nas l:cre.,aro set h~s ha~:J and scal ! ~ day _and ye3r tirst aforesaid. ~
' Signed, Sea'ed and deS;vered in th-_ prc•serce uf: r. : i~ " ~
- - _ F~LEU ~.!ti, RE~G~tDEfl ~ ~
~
- f----^ - _ ST. LUCi= ~4L1117Y FLA. ~F/l~r,l1 ~'-l ~5 -
_ . - .f~~~~~ - ~GC_:' i•~~Fr~A~- - eal)
-(Seai)
/ C! f_5t~ ~~~~,~~i1T CCUR7 ~ ~ ~
--r-- . ~ - REC~-~~ F'e~ ~~{c: - ~Seah ~
- ~-~.~.1~t ~_1f t~ ~ ~ - -
- ~II~1 I . Z 37 PN * 7 ~ _ _ (Seal) ~
SjATE OF FLORIDA ~ - ~ S5. ~V~`ia•~V '3~
St. T..UC1E? ~
COJlJiY OF ~ _
- ~
- 8_`ore me F=~50*':dS1J app,~=red r'i1C}1e121_ ,J. Cann~n ~ t -
- - - and ~
Constanr:e ~i. Cannon T - - _
his wife, tc me we:i knewn and knovm to me to be ?
the indh-~d~a's d_sc::~ed i~ ~r.d •.:ho executed th~ ?oregei: g inst~ument, and ackno,ktedged hefore me that they executed the same !or the pur~oses
therein expressed. And thA Con s t anc e r1. C d11ilOI1 - !
+ri{c of the sa:J _ - I~11C}7de1 ,J. Cc'32'1110I'l ~pon a separate and private
exam~n3t~om m~ ! r i .
by _ ake ~ separate-ar.~ a.^.~rt frem h~r aid n . _
_ s h~sha d, atknow.~dged to and befere me lhaf s!:e exetu.td sa~d instrument freely and volun- `
tar:iy ar.d :v~:hoot an• co-n~olsion, cons~ra;N a re ~n ~ n r .
~ . , o or fea of or fr m
, FP . a her sa huiband.
Y/Ii~.:SS rny ha ,d ar.d efflc~al seal th;s----~t~ day of_ ~~ay 75
A. D_ 19
.
, ~ - /
~ - Notary Pub!ic in ar.d for the tate of Fto:ida at large _
' h1y Commisaion expires: l~' .
Return To:
F:rst F?deral Savir,~s & Loan Assac~3t,on
' _ . Oi Fort F:e;ce. " - ~~^F~°Y r~'*'+_!r STrsTF r1 ROP,ID~ at LARGE " ~
~ _ Forr P;ejce. Fi:r~dj - 1. ~ ~ E i.i'O 1;~': 7. 1971
. - ~ ~r:...~ a.~ ~a.~:~;s I,~sura~:ce Ga ~ ~ _
'i ~
' " ~ F.r• Iij;'f, ~
This Instrument Prepared By Richarri K. Ka,yes
First Federa~ Savings 8~ Loan Association : _ - : V . ~ ; ~ r~, j . ,
of Fort Pierce ~ ~lorida _ - _ " ,z~= ~
CheckPd By ~ - - U k _ r ' ~ ; = i.
. BooK ~39 P~~E 7~8 : ~ ~l . -
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r' .:1 ~J : ~ ~ 1 ~
.
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_ , _ r - - s~,'J f ,r}~ }
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