HomeMy WebLinkAbout0830 3. To pta:~ ard cont~~uo~sly kecp on t',e hu~:d~~~qi now o~ f~,:nai~or sn:~atc r~~ s~:~i land a~u! on a!~ equlp~nent ar,d personetl~+ cur.~i•d by this mor~q.
ege. ~v:th all p~ern~u~~,s therron ~~a.d in i„~I, t~rc ;~~surancc ~i~ ~hd uSJ3I :1,i1~Cjo~;i ~,oGcy ionu, iii a tvm eHF~ic~:ed L~ tl~e h1GR~v:~G~`~. anJ winJsWrm
insutaiitz in Ihc: us~al S~ae:cl~~d ~:o!.cy iot,:i, in a~~:n a~;~~~ovi•il Ly the A1JkiGAG~E, :n Sv<fi Cun~pan~~ c+r tomy~aniei ds th•* 1.'~O~?GAGfE mdy
d~rect; a•~J .N Gre a~:d ~v~n~atc~m ins rrar.t~~ ~~o'~c;es oii tny of sa~d i~u~!J,n<~s, any inter.•st iher~~n or pa~~ ~l:creoF, ~n Ilia aygrey.+te s~~n aiuresa~d or
in excess thereol, s!,~!1 :onta~n t!~e .~sc~l ~~ar,d~~J ~nortg.s~e~ cfevso cr su:h o~he~ t?.wse as thr ~~.oriyaJee- may ~e~uue, mal.ing ihe loii u~~der s: J poli-
ties. each and ~very, piy•!~'r !o s~iJ ;.1~~C1~;1~lE a5 ,ts i~~~crrst ru.,~~ a~,pear, ~nd ra;h a~~d every tuct~ po~:c~ si,,~li bi• pram~:r~y asey~,eJ .,.~.d dc~n•cred to
any held Ly s~id l.!t7RfGAGiE as (urh~r iewr~t~• w s.+id ~r,ortg~~e dtbt, ~::d. nol Iess tf,an ten ;iJ; d+~s i:~ ;:d+ance o( the rx~:~~afion ot each policY, lo dz-
livet to said t.1pRTGAG_E a rcr.~v:a~ 7;ercof. Io9eifr:~ .~i!h a~~•ci•;}~t (or thc pr~•~:~~•r, oE svch re+~er.ai; ancl ti~cre shall La oo f:re or ~vi~~.isto~m ins~rante
pleeed on any of se~d buiid~ngs, any intcrest If;era~n or paii tt~~reof, u~l,-ss in ti~a t. no a•~d •.~~ih ii,e Icss p:~yn6".e as .~~oreiaid: and in the event any s~m
o( money becomes paya6ia ~rd~r fucfi ~olicy or {~nLcics sr,J ;l.OR1GAGEE e~~ail hatia ~h~: e{,non ~o re.a~ve anci app':y tha same on at.oun~ oi the i~:dobted.
nesti se:ured hereby or to pere~ut :~:d MuRiGAGORS w r.ic~~i.a ai••.f use it ur o:~~ p,,rt tl, r..~ot tcr o~i~. ~ ~:utl~DSri. ...It~O:t ~h: .::iv~n ~ or ~~~~p, i.• '
inp any equ~ty, Gen or rigt,t undei or by virt~~ uf tt~is ~~iortgsgz; anJ ~n the event s3 d A10RfG.~GOCS sha!! for ~ny ~eason fail to kacp ~F~C' 33~d pren:~ses so
insured, or (ail to d~~:~v~r ~~ro:n~:tly an•: o( s~~d }'ofcics of insu~.inCC to said MOR1i~AC',EE. cr fail promptly to p~y fully any priini~~ii thc•refoi or in any
~esNeU (ail fo pdrforrn, d~sci~s~,~~. exicute. Cfticl. co~+,p:eta, co.~~pty v.;sh Sr:d abSdr t:y th,s tovenant. o~ an~ p.,it h:reof, s.~~d f.10RTGi~GEE inr! P;3te a~~d
pay fer suth in5~r.inCC or a~~:y ~;.j~t th:rcof ,~~thout we~ring ur ai~e:~ir.g any oy~h..~~; ~ier~, equ~ty, m ri~hl ur•dar or b~ vutue o( this 1.1or~gag::, and the
(ull arn~unt oI cach and e.rry si:h `r~r,:c~tt Shalf 6e in:~nedi~te:y d~:~' ard F~y~h!e ar~d sh~:' hc~r intcrrsl irom tlw datc th:_rcot u~:til paid ~t !h~ rate ot
i:i~~c pGt :entu~n ~',e~ arnu:~~ a~?cl !o~:•th;:r ~~ifl~ su:~~ intcr~af sl~ali !,e S,~:Lr_:! l~~ ti~^ t.en of this n,ort~{~gc.
-4. To pr.rmir, eomn:it Gr sufier r.~ rasle. imp~ir:renl or (~c•fC1iJfJt;ci o`. s~~~l ;u:.perty or any p~~i thrrcoL
5. Tu ~+ay 311 and sing~lar !he cos;s, tharg~ s ard e.~~enaes, indudinq a rea;o::nb!e attorney's fre and costs at;stracts of title, incurred or paid at
a~y ti~re by si~d JNORIGAG! E, beca~sr ~r :a :t t• evcnt ot the L:i;;r~ on tiie oart ai thc ::l:; h'.aR(GAvOR to duly, pron,plly anJ Fully p~~(onn, d~stharge,
execute, ef:CCt, CompletC, comply w~th af,d aiid~ by eath a~:d erery tho st~p~!aticns, a~re,•nicnts, cond~~ion3, and covenants of 36it~ E:~O'nisSO~y l101c a~~d this
n;ortgac~o any or ei~her, acd s~ J cests, charges :,nd exp~•nses, each ard cvery, sh~:l L;e immed~~t~•:y du~: a~d payab!e; ~rhethe~ or net th~re 6e not~ce d>
. man:i; atte~npt lo colii~ct or iv;t pe~~d~ng; ar.d thc fu!! amounl of e~ch. , r.d evrry srch ~pn:em she!J b'ra. in~erest irom Ihe da~e t:~z:rof w~til paid at the
r,!.~ J' ~~'n~ ucr t~nri::~~ F~•r an~u,::r, and s.:~d cct~s. ii,a;g~•s an~i ra::e~:;.s ircur~rd c: p~'J, to~~:tl~~r w;th svch interest, shall be aecurcd by the lien of this
, mortgjgc.
6. Th3t (a) in Iti.a event oi ar.y Lre~ch of tFis ltlortgage ur deiavlt en tt,c p~rt of tt,c :'ORTGAGOP., or ;b) in tha event any of s~~d wms of inency
herein refe~red to be not prat,}~tly ar..! fu!ly t.3~d .~:ni,~n ~h rty (30) da~s ncxt a!t:•~ thc s~nee se~era:ly become doe and payabiz, without dcmand or notice,
or (c) in tha e•.ent ezch and evcry Ihe stip~:,~~icns, a~ree~nz~»s, cor.ci~:i~ ~s and covenzn~s o! se d prom~zsory notC and th~s mortgag~ any or e~ther are nol
iuly, ir.a.,:pr~y a~~d t,;l'Y F>er(oc~,;ed, u s:h3~,~._~i. eK_•,,n~•d. cffi~:r~-d..<o„E?,et~d. cc~epGcci ~..oh ar,d al;;clec) `~y, then ~n e;ther er any wch event ~he sa;d ag• -
gregat~ sum ment;oned in s~•d Fro:n:ssory ne!e ti:en re~eaini~~ ~~r.E,a~:;, ~.tiit}~ inter~~si .~ccev~_d, and a!I moncys sec~red hereby, shall bctome due and pay
. ab!e forth.v~thr or there.;fr:- ~f ~h;: en~:o.~ oi ss:~i ;..O~fG%:GE~, as fu;~~ a~~.l cc~ny;r~~~:y ss if a11 04 tl~_ said s~ms ef money tivere or,ginatly st~pu:ated
to ba F_a:d cn svch d•y. z~~;!h:n_~ :n sa:ci E;:c:~~:ss,.,ry nat.~ er ir~ ~his t.`c•rfgaya t~~ ~h~ cc~:vary not.v;~hsfa~~d:ng; ar.d th~rc~i:ort or thcreaftcr at thc opfia~ of
ssid 1AORTGIIGE:, •.:~:l.out ,:at:t~ nr d_~+n~=:1, s_it :;t la•.v or in etivit/, tlirrr!ore er H.vrcaftrr bcv~un, nuy Le prosecuted as if all moneys secured here6y
had manred pr~or In ~ti i~ i~it::Ti:~n. ' '
- 7. Thjr i=~ ~he r:.er~ ~h.i~ a+ th~ t.~~q;~, ~~r,3 of o: at a:ry ~~~r.e ,,rnd:r g a~y sw! v;:on rl;is l~,~r;gage, or to fureclose it, or to refo~m it, or 1o enforce
pavment oi any c~~ n•:s t er._vr•cl:..; s.:'d :'.i;yi~;A~;:L ;~,~'I pp?y to thc Cou~t h.~v;~~,y ~.:r~~d ,i;on tt c+eo! 1cr tL~~ appCiMment of a Recciver. such Court shall
Furth~:it>i , rF~.o::~t ~~,~:~:cr ~.4 S,:;i ':t.;~_ci ~,rc•r~ ~ty aii ~n~ s~~~gi~!t::, ~~`c;vd ~~y a:i .,rcf s,.~~u;a~ tf,c~ ir.con,c•, F•ofhs. issues a~~d reierves from .vhatever
~ seurcc ct~ri~e_I, z;cli a••~l ~:-~ry ef •.ti1;~~~, ,t be~r.c e~f;rc;s~t w;de~s'ooci. ~s lercby :rc:t•,;:__d as ii spac~ficai:j stt ferth ar.d desaib=d in the 9ranring ar.d
habendu~:: c'avses hrr~o', c; d s~ch ~ec^;vr: s1~i1I h~:,: aii 1:~e i;~c: d ar.d eii,{r,.e f•_;:.~ ons anJ pu.vers in any.v~s~ eMrusted by a Court to a Receiver, and
s~~th a,,ro~:,+ment sh:1~ tc r._d•~ hy cuch fov~r as an :+ci,~itr~d equ~ty ar.d a~:.~~ter •~i .~.selufz r~giit to said AtiORTGAGEE, a~~d-wi~hcut refcre+xc to the
adoyu_cy o~ inadeqv:c; oi thr ~a:ue of ~he pr~F,~r: f n•~~ie~~ge~ or to ~h~• s_.::. ~:r o ._~.er.cy oi sa:d 6t0!27GAGOR or the del~ndants, and that such
renrs. Erofi~s, ir,co~r._, iswes a^d rev_r~es sha~! be applicd b~ such Rec~•ivc,r uCCOri!::~_i *il ~he (~en or eavity af said h1CRfGAGE£ and the practice of such
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` 8. ?o d:~'Y, prcmr~t:y.a^d (v'.ty pertorn,. d~s:harc:. e~crc~te, eif~,:. co~rp~ete. <o:r~p~/ with and ~bide by.each and every the slipulations, agreernents,
COf7(~i1iC•t73 dn(~ C:~vFlld:1:5 iI7 S~~
j UfOm;SS~'~ r1U~~ :~+ltj 1h~,5 ttt~rtc33_= S!•1 jCr~~:. _ - - - '
` 9_ 7cet in the etie^t :h: O:."erch?r cl tt,•~ r.,er~ga,_cd E~:::T.+ses, e~ a~:, F?J/I -~l:CfCOf. EfCO!T,es vesTed in a person other lhan the 110RTGRGOR, the
A',QRTG%.GfE its :u:cess.rs a~.J ass•~:ns, r~..:y, w?:i:o,e nc~~u: :e rt~•_ :`J='.C~:•O? d.~.~l.w~,h s~ch succes~or or seccessa i~ intcrest ~viih reference to this
mo•tgag~ and the d_i~t 1_rchy s?:~~+~~d ~n the s=n•~ r~:3~-~:. r as ..:'h t.1o;!;:agnr •.:Itn_ u: in , ny ~yay vit:ating or_ d~scharging the lAortgagots" liability here- -
' under or v~cn ohc d,t~ 1:~reL ~ se.vr~ci. :1~ s~~•~ of tti ; r~ ,::s~~s h~~reb; n~ortgrg..c~ ~r.d r:o forl•earance on the part of the 11CRTGAGEE or its successon
or ass~ar~s a^d np exter~sion~of th, a1~,,~ f~;• ~;ay•~:e~nt oi t4.~• dr!~T F~,~ei:; secvred g~ven 6y th~ 1.'.ORTGAGFE or its successors or assigns, a~~all operate
lo re!=ese, d.sch3~ge, mcd:f~ ch3rye c~ ail~ct t!~~ .:~~.a~i :ia:;;:y oi ti~_ A'.Gi:lG4GJR I.err6i, eith~t in v.hole or in parC -
10. It is sp~•c:f~ca;:y agn_•ed tnat ti,n_• is o: t}:e rs:er,ce o1 ~h[s co~,tract an~ ~t»2 no w~aiver of any ob~igatian hereunder or of the obligation se-
cured h~reoy si~ali at any r;r.:e ti~_r~~a're~ t>e !~e!d to b•~ a.:~i,_r of ;h~ terms h~re::f er cf the i;;strurnent s?cured herby.
I1. in ~:i i t;;;-; t~: i,.:~_, i:,;~,•,nts ~i ;:~i:•'~~:~ enci i:~rc:. i! r.zy~::=.~1 tf thr ~rom sicry r.o'e S~curecl h•~r~l~~, mortga3ar tovenants
and agre~s t~ j;a~• fo r~,o:+arc.._e ..~~ia n~o•:•+~: ;;-.z, .T an a.....::cca~ sv-r, ~'ed mortysgee to be equal to 1;'12 of th? annua) cost of the fotlow-
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A-Aii rea~ ~-ro,;e:ty t.~.as '.~•i:er; a~s.~s<c:i ~~s,^<: t^n ai»~e d:stri;ed real estate. .
E-: Pr:~m ~rs e~ S:f=- fi:t:l ..:tl':.f'1' .;'S!.' :a' 1;~'• !.'~~;r~cl fo cer.i< t1 c n!n^_ im;:rov°me^ti S;tva!e on th~ aF~~vC d=scribed premises.
- C-P:c•r.~~~:es o~ __c~+ rr,~•s~_,,:~, r~:ara..t~ ~c:u:a::cc 3> ~.~x+ga_ce Si13ti LrC~.~'. t't:.r !O ten_ dz-em fit to carry on tne toan secured hereby.
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:~~r!g;,~e~ st~~.? j.,m ~,'r„r r,~e•t :~-r_r :r. r:r t r. a ~f the a~: o~ .t ci: _ ard piyab'.e h~rer~J~r and sc:th sv^: shaiI ihrrzupon_ be due and _
Faya;,?r on th_ c1c-- u~t~ ci ~~,e rc•.r -r.,~t:.:~ >:,r a~ti:~ c.~cl~ _c_ssite .r,e.,! . t~.:r.,air~r ucr;! morta~3ee shall not;fy martoagor of a ehange in wch - -
z~:ount. SLCh =~~rs sj~3'i_e:e a~;;'i_d 'cy n•orc-~~;e :c::~~•u _ cay:~:e^t ef rcr.~ rrc•p~rty taxes, ins~~ranta pre+n.ums, and mortgjge guars~ity insurante
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" I~d \':IT`:ESS ::H~R~Or, t't.a sa d ~::0~ i:~A.~~.^,i~ i,_s her~~r.vo s,r n~z ha,,d and sea: th:e day and year first aforesaid. - _
S~gned, Sealed a::d dr'ivere;! in the pres~r,~e of: - . -
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( , ~ / ~~,r~ _ O~~ 1 G. A1 eT t~idot~t Seal
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STF;iE Of FLORIDA ~ ' . -
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_ COU:'dTY OF 1
t~*,al G. ;~lcer, a ~~ridn~~ ~ _ x
8efore m_ e_rsoc. ~y . _ra•1 ---1----,-, ofi~C
-~,K~(ti~(, !o me ~•:eil knovm ar.d kno.vn to me tq be -
the in~ivlL~U3~ desuib~d in ar.d :~h~ ex~.u+.ed the TO.•eC)Qir.~ ,~s~rurr.~nt, snd ~c~no:~'rdgec! before me that ~FFe eze.uted the s3me for the purposes
lherei~ expresszd. 7FJS;X?F.ZC~;lF;~_ - _ -
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WiTNESS my har,d ar.d oific~al seal th:s_-----~~~~- da' f - ,t'~ ' /j. D. 19 7~
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~ Natary Public in and for th= Sta of Ffori at Large :
G~ R5y Comm;ssion expires: . ~
- P.ei::rn To: ' '
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_ First F?deral S;.vir, ~s b lo~n t~sso.i~t.on . - - ;s
Gf ic.t ?,e.._ r - _
Fort Pi~rc~- Ftor.•?.j _ . : : .
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_ C~c~i ~ •::ii vOUKT jt ' .
7his Instrument Pre ared B John l~', Collins ~-~~P "
_ . P, v _ d i,~'t~
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Fi~st Federal Sav~ngs 8 Loan Association . ~ _ • ~ ~f,`'i.; ` . ;
_ of Fort Pierce , F 1 cr Ld a - ~A,~ $ f~ 52 A~ 1~ Y'-. n,; ; ,
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Chec;ced BY . - ' - ~ ~ f : ~ :
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