HomeMy WebLinkAbout0743 = 3. To ~Ixe and co:iiin~~ovsly.krrp on ~l:~ t,v~'d~ngs now or 1~•:re.~i~er s~t~;a:a on sa~d Is~~d ar~d on a~{ :qu~~ ~~~ent ond (?crsOnally <o+c~et} by ~his niurlg•
age, N'ilh d~~ ~!a`7iliU~t~t l~i~la~Orl (>j 4 in ~u~l, f~tl• i:!S~to+~C~ i•1 ~~i~ uSv~l fid~::~.~rc~ ~ J~:Cy f0(rll, ifl d 1~~11 d~.~:tOVt:~ [i~ ~}lc f~1~Rt:a ~l~:t i+~~d v~~+l(~flOf:ll
insurat~tr in tha usu.~) s~and.ud pof;cy tor~n, in a:urn o}~f.~oved b~ the MORICG1GiE, in such corr.pany or companiei as ti~a htOR1GAGEE may
direcl; ar.d ~t! (i;e a;:d ;vindstorm ir.su~a.ue policies on any c' s.~ d L;~rt3:rcys, sny inte~.:it th:rein or part tf~arecf, in tF~e agqrrgst: s::~r at~res~id or
In excrss ih~reof, sha~l :~ntr~~ tl~e uswl ttai:darcl mort~agee cl.~ute o~ wch o!her c!.+~s: .u tha 1,lertga~ee may ~equ~re, nial~ing ~AZ loss undcr s~~d po!i-
cias, each and cvcry. p~~cb i~ !p sa~d AI~~R('vAGE~ aS its in~cr~ st ~::.~y ap~,car. ~:~d c.~;t~ ::r.d c.c~y s~~ch i~o°:c~~ ~I~a;d br p~nmp!ly ass q• _d and deli~~rrid to
any AelJ 1,~ sn:.~ AlOR{i>>GEE es i.~:~hei Secu:ity lo S~id n:o~tydc,~~ d~L+, a~•.d, not d~ss +f~an te~i (t0i d+~s i;~ ~Jva~~cc of the expir,t~on o4 eacii p~i~r~, ~o dz-
liver ?o said !AC~RiC~AGEE a rer.ewal ihrrroi, together hith a r~~ceipi fo~ thc pr~•n:~u:n .~t such tc,ee~..i; and tha~c sl~a}1 Le no 1~r~ o~ v.i~~dstwm insuronte
~ place:! o~ any of sa:d b~•i!din~s, any interest thPrein or parl rh:rcof. un+.ss :n tf~e iorn, :,~~:d •.v;ih il,e; (css E~ayab!e as atc.renaid: and ~~t the e.ent a~iy sum
, of moncy bccon:es pay~b'a undcr suci~ pol~cy or p~l~cics seiJ I.lOS2fGA(iEE sh.~i~ ha•.o iha opt~on to ~rcaivc anJ ap};ly thc :aa:e on acco~nl o( Ih~ in~abted-
ness Sc'tur~J h::cb~ cr to fermit said 1.1Jk(GAGORS tu f~GCi~~~ anil uie it or a~~ ~•,~rf ~i~,::.~oi iGr t;i~,: r~:~ri cs~-3, .•.;ti~~ut 11~-•~ u~ .ti :~.i.i~ ~r ~~i~p:,~r-
fng any equ~t~, hen or ri~l,t undar or ly vir.ue of th~s mor:ganc; and in tl~z evcn~ sa d ~,laBiGAGORS ihall !or any rc~son 1ai1 to ktrp Ihe sa~~ ur~,n~sas so -
(nsurcd, or toil tu d_l vcr ~:~om~~tly any u( sa~J pe'+c~es oi ~ne~.~rance lo sa~cl IAOR{G ~GtE, cr iail E>ro~r:pfiy to F,ay (ully a~,y ~~E~~:;~,,, Ihcrelor or in any
resp~U fai! Ir perfonn, d:s•:harqi', ex~ea~~~, eUccr, con~p'c!~, con~p?y with ai~d ah~dr hy th~s tovenanr, er any part h;reo(, said IrGQIGAGEE may plac~ a~~d .
` pAy ior wth irsvr.:n.:e or ar.y part thcrcof \YI~F10U~ univir.q or ~(lztlin~ dny c.~•~ion, licn, e<lu~ty, or riyht undcr or virlue of t:iis hlortg.~e, anJ the
t iull amouni c( ea<Ii a~•~d evary scch E~ay~nent sha!I F:~ in~.nediateP,~ ~tue and pay~b!e and shalS bezr interest fror:i tF~c d~tc thercof u~tfil p.:id a~ the r?Ie a!
nir.e (:er tenhint pet annvm an.~ tn,~i•ti'.~~r ~.:ilh such ii<<•r~-st ~hiii !ie sac.:re:1 !.y tiie Iien o( Ihis mortgage. -
• d. fo permit, t.~mmit or s~f(er no ~~aste, ln;pa+rment or det:.•r~oratic~~ cf so~d c:~ep:_•rty or tny part th4reof. ~
5. To p~y afl and singular the coits, ciiarges a~~d e,epen:<s, inc~ud~ng a reasonah!e atrome~'s fee and cosis of ab:traUS of litle, incurred or paid at
any t:•i:e by s~:d h~l:rk1;3l1G`_E, bec:~~se nr ~n the eve:,t of t;.•_ fa:lwo on the p:~~t of ~he s~:d MpRiGAGOR te duty, peemp~ly ano fu:ly p~rform, d~scn~rye.
~ executt; effect, eer,~plrte, tomply with _<~~~d ab d.~ Ly e~ch ar,d cve:y the st~pulat•ans, agrermcnts, cond~tions, and cov~rsavts of said pro:~iissory note and th~s
. mortgage any or e~~her, a~:d sn d cus+s, chargcs ar:d eY~:~rses, racii and e~~ery. sF.al1 Lr i~r.n:~J~atcty due'and p.;yabti; whether or net there t~~~ notire d~
~ mand, attt~r,pt to toi:ett or suit pe~d~r;9; and ~he l~1f a:rount oE each and every such paymeM sh3~1 bea~ int~resl from th~ dnre the~eef unril pa;d at the
tats of ~:ine ccr ccn~v:n r.ir ann.~.i~; : a~l sa:.J c~s•s. ci~:u~~es and ~ x;;zr:>~•s :r,C~:tHI et paid, to;~elt,er ~•r~tn such inte:eit, shatl be act~~ed by Ihe lien oi thit
~ mortgage. . '
6: Thai (a) in t'ie event of any hreach of th~s Moirgage or def,~,~ll cn tho part of ih~ ;1!ORTGAGaP„ or ~b) ir. !he event any of sa:d svms of money
hsrein refened to be no1 prc•~~, tly and iu;ly paiJ rritiiin th~nr i30i d~ys ~r..t a+rvr ;hc samr severafly IJG-<Js?12 due and payab~e, withou! deman.~ or noti;e,
i or (c) in th~ event esch and av~•r~ rhe stip„'at~ons; agree.nents, co :drt~ons an:! covena~~ts of sa.d prom~sscrq note and th~s mortgage ~ny or either are no1
; ~uly. prorn;~tly anJ ially perfo:n,ed. d s:i~a:g~:d, c.c;un:;i, e`f,ctcd. co:rE,;etecf, ca~~p'.:e:! v.ith ar:d ak:;i3~d 5y, then in either or any su:h evrnt the said ag~ '
~ grcyate su,,i m<ntic~icu in s~~d p:om~sse~~ notc then ~cmaini•tg unF~a;ti, v~ith intereso a;uued, a~d a:! moncys secured hereby, shall become dve and pay
ab'e forth•,vith, or therca(!~~r, ~t !hc cnt;o.i ~f s.~:3 !,',ORIGAGE~, os futiy a~u~ co•npiet~ty as ii all of the said sums o( moncy v~'ere ori~inally st~pUla~ed '
to be Fa'J o~i svch cicy, anyiSury ;3.u prc~ r.~sso~y note cr in ~h~s'Alertc~3g= to iha co~~fra~y not:vithsra•~;liny; a~~:f ihereupen or thereafter at the option of ~
saicl ;l,ORiGAG~E, •r~i~F.ov! r,ot:ce ^r cirn;.j•~d, suA at lav. er in ey~ity, ther_fore cr th~reafier begun, may Le presec~teJ as if all moneys secured hcreby
hed matured prior to ~ts inslitut:on. _ - •
~j 7. That in t!,e evenl th3t thc b~ginnl,:g r{ cr ot a~i~ ti:s;e p~ndiny any sv:t cn ~lus Mortgaga, or to foreclose it, or to reform il, or to enforce
piyrnen! of am cE,ims hcreunder, s.:i:J•k~OffG:~:,_E sti~a;l a}~ply to the Cec:t I~a.~~:3 ;vr~id:ctien :h=reof fo~ th~ appoiMment of a Receiv~~, Such Covrt shail
r iam~virh :;:ooi:v a rc•;e~.~a of s:~d ~r.crlgayed pro;:.:t~ ail a:;d si~;~utar, inc"..n~ng a;1 anit s;r.nul~r ~f:e i:~cun:e, profits, issues and reve+tues frOnt whatever
- scu~ce c?erF~~~d, ecch anu every ot .vi,t:h, ;r i~,ir,g .-..fx_.~g'~. ~•id_~S;c~d, :s he::l;y rr.c:rq.;~_d as if spec+'ical;y set forth and descri6ed in the granting and
hab°nJont r.a;+<es hereof, ar.~ s~~ch 2ecei.e; sF.a~! t~>v_ ai{ the L•:e,d ~~:ti eifec~:+~ ru~ct c::s a:,ci po.tiers in anywise entrusted by a Court to a Recei~•er, and
s:::h aE;poititr,~e:v ska:! bc rr.tde by wch Court as an ad•nittrd equity ancl a n at!cr ci :!;so'.i~ti . e ta said A1t~RTGAGEE, and withcut re(erente to ihe
atieyu:cy c~ inadequa:y a+ th~~ vaiue of thr Grp~~rty n-.citgrged or to ti:~ s:,.~r..c~ o: s~:d I.'~ORTGAGOR or tt~e de:endants, and tFat sudi
; renrs, profits, income, issves and revenues sh~lf bc appS:ec! by wth R~c_iv<r acco~tir~~ ro~::_: or equity of sald It10RiGAGEE and ~he pratFCe of such
' Court. _
_ 8.-Ta ~:u'y, prGm~:lfy and f~;+y ~:erform, d~sch~•ge, execuiz, eif~c!, co~r.p!ete, con'f~ly ~v~th and zbid~ t~y each and e>•ery 1he st~pulat°ons, agreements,
cor.d:ticr.s an~ co~rn3~tits •n s~~d promissory r.o:c aud ti:is m=rtaag~ s:•~ iorth. _J . . •
9. 7ca; in the eve ;h:~ ~wr.ers~:~p oi tF_ morr~aqed ~rem~s=s, of any part thereof, 6ccomrs vesfed in a pers~n ethcr than the MORTGAGOR, the
_ _ h'.OR:G>GEE, ~rs s~~zc~:sc•s ar:.' .ss~g.s. n:ay, v;ithe.,t r~etice to ih~ :".C=:TGi..OR, dea; v.ith s~ch svccesso• or s~ccessor in inte~est vri~h relerer,ce to this
mo•igaye e~,d ti,e ;i ~i ! t._:~:: p~•.cureJ in th^ Sd.^.:•= ^:d::~:Cr 3S wi:h :'.ortg: gor wivhcut in any. v~ay vitiatiny or d~schar9ing the f.lartgagois' lia6ilify herr
, ur.drr o;.uFOn th: cl,it i~_;e:,~ x•c.;•_~d- ?:o sa:~r af ti:~ F,en~ses h_:eby ~r.w!gaged rr.d no lortearance on tFa pa~t of ~he !.10RTGAGEE or its svccessors
er as>~gns arr.f ro _x~:rs~o i of th~~ r~:n ~ ic• nc~- ~~y r.er.t e{ th_ r;_!,~ t:er~•:~y secu;c•~' given hy ~he MORiGF,GEE or ~ts successors or assigns, ai:atl operate
- te re'aase, d sch:•~~~. r.~cc~fy ~I:ar.~:. o: af=eci t~ic ~:~ig;n~i G,~i:;1:ty oi th•3 /.'.ORiGAi;C•F herain, ei~ner in v:hole ot in part.
10. It ;s spe~:Si:aily ::3.~•ed thar t~~na ~s of t};~: essence u.` contract ~nd tEisi no v~aiver o( any obligation hereundFr or of Ihe obiigation se-
tured hare6y sha:t at ary tin:.~ ih:reaFt~. i•c.!d ~o ti.: a ti•ra~:e: :,f t'n•=.~zrms hereef c~ of the i~~strurnen~ secured he:by.
1~ in .,c6i i ~ i.. r~ y~~ ~~~rS . 1.~; .,.~~j i,•,.- zt ~~tTu ;~d b~ 1?ic prom~s-:ry no`~ secured Fereby. mortgagar tovenants
asd ag:a~_ e~ . _•s•;~ .~.h E=c! ,.,,:.,e t._r ad:i ~:o•~a~ s_.•n~.... _.~:i ~y mortqag<e to be eq~at to 1; 12 of the annual cost of the foliow-
. i~:~: ~ ~ ~ . .
, ,~-Aii :ea! ~;•op.•rt~ !::xes !_v~cd or asses~:-z ay:i• st ;h_ .,rva:c d•~scriccd'r~;,i eirat.•_ ~
_ E-+':.•~~,;:~~ns cn 1c.: are3 •r.i~:cs!or•r ~r5_s~~rc~ .s ~._.~•:n ~equ;reci so be ca.r~~d or~ the :m~:rov~me~ts ~ituate on the-above d_=_cr;bed premises. _
C.-.-P•e:^iu.^. s o.~ scth n~:;rt_ ~:t g..~,r3;:t: t~SU'3~^_ eS ntJ~N)d~C•' S~:SiI t~, _ ro ti•^e dec~m fit to ca~ry on fhe loan setured hereby.
_ ~`.'o~~g.~:~_e l~rcm tur.: to t~:,~... rctiF~ ~:t,~~~s :r :;~it.r:~ o~ the a~:,e~~t d_z acd payab;e ttiereunder and st::h sum sha!1 thereupon 6e due and
raya:•;e c•~ tna d~r oi •k~ .~<s E:;;r,~~,~; a:~:l e_c^ _.~__°ssive ^or~tt: t?:.~:e~it; r ur.tii m~rtgagee sfi31! riot;:y mortgagor ef a cha~ge in such' -
emc~r.t. j_~ct~ 5•i!r.s ;i~~,1 >p;.t;ed i,y ni~r~~a:-_~ .,,::3~~. t:-.c pay`rer.t of re~t prorerr~~ taxes, insurance pre:n:u:rs, a~,d ~me~tgagt guaranty irisurance ~
. ~,re:~:iurr:s. . -
; f:': `::IT?;E~S ::i=R~Or. ~hc 53'C~ :',ORTv:+GC;~ i:as nerc.i ~to se! his har.o and seal ,ne day and ye fir,t aforesai~J _ ~ , _
-Signed, Sea!ed ard ~'e'.i red in tF presence of: ' _ _ _ -
fitfU ~.;r ~:=~ir fll+_''. ~ -
F-- j ~~1~ .ti _ •i_ . „ _ /rJ~lsl~L~~"'~- .
. . Q - ,~s~as
°;;il C+;UR' ' ~ennet /L. rumm ,a sing g~a~~dul
- - _
- -3-- _ ; - - - -
i ~ R•
~ - . i f C~: i. 'iF ~ f - (Seaq .
- - - ~ 1~~ • (Seal) -
SiATE-OF fl02l~JA - n~~ ~ ~j
t ~V~~V~
I S~ • LUCl@ r ' " ~ :
CCUtiTY OF - , 1 . - - ' } :
B•'icrc m_ p~rzcr,~°;y 3p; _~r~.j ---------------------~~E-'vl?lf?t}l j..• Drummond~ a s~n~Ie" adt~?~i~
~ _ 'eitP~`
~ - ~'MrP::fr, to me .,•e!I kno~•,•n and kno•"rrn to me to be;~:• -
th~ i~dl1•~~va' dcstri.~-_~ in a:~~ ~v^a e~ce:u;ed th-_ forego~ng instr~mero, an,-', a:k~;or:;edged before me that he executed the tamG~fcN 9Fie p~rpose~~~ `'s
' .i.-, • .
tFerein express~d. /Rttd~hti~?:C~ - - -
~ wei~e~!~r~~ePe'7 _ ~ - . - . - , . • :
apbrra7~,~+E.•a rite~?~ M1 :
~re~r.mer,arby-rtre-r_krer stYa+M~ a~-d at~:~r^irtf!~~MZ+rsaRS~,~sbar.d; aL~L*:'~e_d 1a ~r!il'b'~~IL't~'1Ka? Sfi'~'L+f~c'~JfEB 331dtt~Stf~rlf~Ti7'1~l~}Sr'°a~~;f1{~(~-
~e~;r ~aw~i-.:+i~.» -ar.;-~ce~++~js%o.r, t~~r.rai.,r, b;~,sE~+~~!cr.~ ee-f~ra* aF er-fr.x:el~erst~d fiusbserf: ~ _ . • + , : . -
. ~1~~:~; .
rIlT1~ESS my~ har.d ar.d oFfic:al seai th:s_ _~~~1___._--.-- day of_ ~ a~/ ~'~:~q~~pr~~9:~.+ -
~ - - ~._7
_ G~: .
' hotary Fub1~c in and for tk~-State of Florida et L ~ge
_ . 11~ CommEssion Pxpires:~,~, ~
Refum To: • ~~~.~r ~
~irst feda:al Savir.~s Fs toan Associ3t;on - ~
Of fort P._rc.r. _ ~ -
Fcrt Pi_•:te, fierid~ - ' - '
' - . - . ' - - ~
_ i
_ - 3
This Instrument Prepared By J. t~al Roberts~ Jr. :
First Federal S~vings & !oan tissociation _ -
- of Fort Pierce~ ,'=lorid3 33450 60'JK~t~tJ °I~~E
Checked By
` ~ ~
~ . - - cscv. _ ~