HomeMy WebLinkAbout0918 _ 3. To piato and tool~nuo~siy kiep pii tl:c L~i!d~ngs now or, hercaftcr eitu.+te en s~~d I.~ni and on a!1 cqvip iicr.l ar.d personally to•+crrJ Ly Ihif morlg•
ege. t~~~h all {xeneiums ~hc~eon E~~.d in fuli, f~re insura~~cr ~n !h: us.~+{ :ro~~.ie~ci F.o:c/ i.~rin, en a s~m .~{.~,7uvi~.! 1~~ ~h~ t:.ORiG..GEE. ancl vrinclsto~r.~
in}uranca in ?h_ i~sual s~a~xl~rd po!.cy larm. ~n a svm JF'~1fOLC~ by ~he 1'.ORiGAC! E, i:~ wih COi11~?3~1y or ta•~~;~a~i~es as tha 1,;J~IGAGEE may
dirEU; and aU fira ~nd w~nd,ro~ne insvia~uc {,olicias on rny of s,,J bvi•ct.nyt. ~ny ~nlere~f Iherrin or pe~! thari~of. in tt;e aggrc9ate s~:n ato~esaid or
in excrss ~hrreo}, sh311 ;o~~a~n tt.e u:v~l ST;~`Gdffl ~r~oriy.~9ec~ cia,,sc or s~ch ert~cr c auac as ihe hlo~tg.,~rr may ~~q~:rr, mski~:y i1,e Ioss unde~ si,~S pofi-
ties, ea;h and ~vrry. p,y.,b!c to s~~u .:!JRivAGEf as ~is int~r:st n,~t' appear, and .a;h ar,d cvcry su:h po~:t/ sli.ili bc pro:n~,~l~ ast<-~:«l ard dc;i:cr~d to
eny hetd Ly s~iJ /.10i:IGAGEE ~s f;~ithCr s~c~r~ry to s.~:;J mo~tyage d~t~~, a::d, no~.:css ti:.;n t~~n (IU) deys i~i advance of ihc ex{~~rar~on ef ~ach ~~l~cy. to dr-
liver to said !'.10FTGAGEE a renr::al iherrof, teyeth_~ ~ti~th o recept for th~~ prc:nivni of ~u:h rene.•ral; an;) th~:c shall Le no f~re or .v~n.istcnn insvtante ~
placed on a~y oi S3~CI V~~i(clin~S, any interest th~re~n or pj~t th•:~cc.f, unless i~~ ihe ion~~ enil witl: the Ioss payab!e as afcresaid; and ~n ~he e1•a~~t any sum
of mi,nay brcon,es payahla und~~r s•.ch po~icy or pol~c~rs s.~~d laORIGAG`tE ~h~U !,a':a ~hc opt~on to teccive and apEvy the same on acco.,nf of ~he ii~d•_bted•
- nCbS Sec~ri~d h~rCb~r or to perin~t sa~ci 1,~.()RTG.".G~~S lo rcc~i~e J~:cl uSc if or <~iiy ~~nrt ttte.coi ie~r ui~rr E:vtF~pscs ~::tiiG:.t ~h:rri:~ .,,;i.~,~.~ cr ~~~+~>..ir•
iny any equ~ty, lien or r~,f~l und•~r o~ !~y virt~~e of th~s mor!gagv; ani~ i~ the av~M sa d!~l'J2TGAGQR$ sha!I }ci any rcason fail to kecp.ff,e sa~J prrri~s_s so
insvrc~d, cr fa+l to d~•Gver prom~,thf any of s~id poGc:~•s ot ~nsuryncc to sa;d l,10RIGA~tE, er lail promptly to ~:ay fuify any pre~uium there(or or in anY
lespecf lail to perform, Jisth~rga. excc~to, e(f,•ct, <on~p~ere, cem};ly v:ith and a4~ide Ly ~h~s co~•c~ia:i1. Gr any p.~rl hrrcof, said :'AORiG:.GEE mey piace a~~d °
~ pay (or suti~ inwrance or eny ~~art thcrcof v.+tho~t wai:in~ or affectim~ any op~~~:~, lien, e2~~t~•, or ri~l~~ ~~nder or t~~ virtuc of this t.lcrtgage, and the
fvll amount of ea<h ar;:l eie:y s~ch ~?ay~r.enl sh~l! L•c in.~rird~ate~y clue a~:d ~vyabic anii s~at! b:~ar int~rc~! frotr~ tha det~ thercof vnti) p.;id a~ the rata o1
nir.C ~c: t•:~~~urn }'i•r ar.~~u:n s•:c! to•~~~tl:~r ~•.i~h i~.:cf~ i:~tc~~st s!~..1~ f;_ s^:u'.~:1 1~;: Ihc i:Cr~ O( th~S mOttga~~.
4. To F;ermit, to~nmit or su((er r,o ~.asie, in;p,~m•~ni or d_~trr~orat;o:i oi sa~rl y:;cF.city,or any ~•,ar~ thcrcaF. '
S. To p.~y all and singul~r tiie costs, tharg~s and expenses, i~clvd~ng a re~sonai~:e aliorncy's iea ar,d costs of abslratK o( tide, inturred or paid at
any ri^'.e by s>_~d 1.',CRIGAGEE, F:ciausc or i~i tke evc:i! of thc fa~'~rc on tiie porf of thv said M02iGAG04 t~ duiy, promptly a~ed fu.ly pcr(orm, d~scharge.
txecute, effru, co~np?r~e, c,npty ~v~th ar,d alide by et::n and ever}• the st~p~,!anons, a3re.•:nents, c~~~ditions. and covenanis of sa~d pro:ni>sory note and this
nzortgag_ any or either, a~-.d sa d cusrs. clearncs and .:xpens~s esch ar~d every, shall be in~n~,edf~tc;y due and payab!e: ~vhether o! net thare Ee no~ice d~
mand, atternpt to collrU o: wii pe,:d;r.9; and ihe (~Il a~~:oum uT each and e~•e+y s~ci~ ;~ayment sh~li bca~ ii+t~rest from ihe daW thereof until paid al the
r.3te u(_n:,~e ~~e~ tt•:~;~:~~ ~_~r a:e~:c:•,; an:i oii si~1 ct•sts, c~..ug..~s ~~;;,r;~,s u•t~~rre.l or F~aid, te~cihe: w~th such iriter~st, shall be sc.tured by the lien of th's
~ mortgage.
6. Thal (a? in the e:en~ ~f any t:rrach of this ~!a~tc~agz cr d_fa~dt or, tl~_ ~a~t ef the MC~TG/~GOR o- (61 in the eveN any of sa~d sums of money
_ herein re(e:red ~o be t~ot pr,::,pt:y ar.cl tu:ly po~d •.:~u~i:i th.+ty (3;1 aays next a~ra~ thr s.~me srfera!ly heco~na dve anJ r3ya6te, without demand or notice. -
- or (c) in th~ ev~nt r~ch and every the sti;~u'ati~ns, a~~~~ements, cc~:d+ricns ~nd c~vcna~~ti of sa.d p~o:n~sso~y noic and th s mortgage any o~ e~ther are not
~v1y, p:o~npcly a~:d fuliy Ne~ie: ~~eJ. d.s;h3~~z-~d, .:.~c::,t~d, effectiJ, con;~:l:t~d, c.^:•~~:l;ed ~:~~h ar,ci ai:~d:d 5y. theii in erther or any such event the sa~d ag-
grcgata svm men!ioned ;n se:d pro•n~ssorr ~ee'e than ram3in;ng unE~<~~d, •.~•itn in~er,.•;t occ~~ed, end aIt moneys s~cured hrreby, shaR betomc due ar.d pay
ab:r forihwi~h, or t}~ereaf~cr, at 'h~~ ep'~o~ of sid :tOR7GAGL;, as f.+i~y ~rJ co:np4~t~!~ as ii a!l of tLc sa~d sums of money ~~ere on3ina~ly st~pulaled
_ te bc p.i:d cn sv:h J_.y, ~~sy'h~::_~ S~.<i ~:r:.:r.[;s::ry rn~ta cr in tl~;s 1.`.ur.~a~~~ t•~ ~t;., co..irar'i nat::~thsta~:di~:y: a,:d thereuF:on or tsierea'ter at the option o(
said MORTGAG:E, v.:tcovt IIJS;iC C' 4_!i:d~1.I, SJ~1 la.r ur in equity, rh•.rcic.~c or tt~cr~alier brg~~~, ~ii~y t,e preiecuted as if all moneys secured hereby
had maturcd pno~ to ~n inst~tur.on.
~ 7. Tf~at in the ever.l il~ar a~ the h,y~~,+:~~~~ c~f or ~t any t~~~.,- ~:en3irg any s.i;: ~;x~ tl,;s f.".artaage, or to foredose it, oi to teform il, or to en(orte
paymant oi any c ai•,~s I~e~ean~_r, s~~~ A::~` T•~.+E;:: 5}~d`.~ ..,~;.~y !F~_ Court ho:i~_~ j:.r~s;{ c~ien ii:_rcof ',er the aFpo~n?ment of a Receiver, such Court shall
fa~di~rith z~~poiM a r~=_e~•:?r ct s.+it~ rr~e+tqayri: sr:. ry aG ~:i : s; _;v'ar, .:'v.1 «y ~~:d s ng~~l; r t?,c i^co~~ie. prefds, issues and revenue3 from xhafever
source d~~r~•:ed, eacn ar:d c:: r~ of .~.h ~h, i~ ~c~.• , ~:r~ ss'y u'~d_ ~c•,a:i. is I,r:<L; r':o::.3~ncd as if spec+fi:aiiy srt fo~th and deacribed in the granting an~
haLendu~n ~'auses h~~r.o~, a~•d w:l~ Recefd~r sl:~li };;v~ a~i th, t~:oad a~:u c.°:c<~::e fv•::t.or,s :.::d pe.ve~s in anyw~s~ entiusted by a Cou+l to a Recaiver, and
scch appo[nr~re~~t sha:~ 6•~ rr.a~l_~ by s~_ch tou+t >i an ad~•~nre~ t•~~,;~y .,r,~ a•,.,~~,_r ci ~Lsotute r:ght ro sa~d hSQRTGAGEE, and witho~t reference to the
actcyu_cy o~ ina~i~g~ar! of the v~:i~e ef the ~-ro;;erty n:ort~~yed or r.~, so.v~~ ~cy or h•:oiocaty of sa~d A10~'tGAGOP, o~ the defe;~Jams, and that such
- rents, profite, inco:n_, issu:s ar.d revenucs sta~j ce app:~ed by swl. Recri.c-r ac:crd~~~g to the (ie~ or equity of said t.10e2TGAGEE and the praUice of wch
Court. ~
S. ~o du!y, Frc,r~,t;y ~:td fu~ly petlorn,: d:schjrge, _xecu*e, ebeecf, <uT.~;?ere, ce~~:~t; w~!h and abide by each and every the sfip~lations, agreements,
eo~d;t;cns ~nd euvc~zar~:s 53:i~ Q:om:sscr~ no:e and t~'s :n,:r;g3.^,a ser forth. _
~ _ 9. T~ar i~ ihe ever.~ ~h~ GYi~?fSP~L ef t}:_ rr;o.f :.3gz~d prc:~~;ses. c. a~:y p~rt ti,~rref, Eecomes vested in a person other than the AWRT(',AGOR, the
. 1RTG~Gi=, i's 51LGS:D'S ..:il sss~ar,s, m~f, vr.~h~~t :.,;t~;.: t~ t~~e ~G~OR, deai v.+~h s::ci~ svccessor• er wccesso: in interest :vith reference to this
mC•Ii~.;ge ~.r~i t!e d'_o! tir.~by s~c_r~:o in ti;e sa~r~^ r:ar~ir as v:~t}~ .to:t3~a:o: .v~fh~vt in any •.vay vitizting cr d:scharging thc l.lertgagori lia6ility here-
.,::d<: cr ~,~on ~he c~t~ her~_? 1 s_~•, ~d i:e s~ c~f rl F::e•.~s_5 hcr.,b: r~~c"!g~g-_d a~~d r:o fo:be~~ante on ~he part oi the IAORTGAGfE cr i;s successors
- or au'~~~s ar~ct ~e _~.at_rsion cf }he >>=*e 40• T~.e f:e•y~~er,t o'. the ~.,b+ i:rr--'e,y sccurcJ g~.~n i~y the I1.ORTG~~GEE o: i~s svccessors or asslgns. ~ha11 ope:ate
to re•ease. ~.stha:ge, r.~cdlf~ c`~r.~e or afiect ti~~ c~i~:~;~~ ~:si~:::t~ oi ~h; NrJRTG:,GGi? c2re:n, eSther in ~~hole or in parL
• i0. 1! is spec:fi:al:y ~~grc.,ci :t:~! ri•n_ is o! tne css=r::~ uf ~h;s cor.tr~ct snd tl;st nc waiver of any o~i~3ation hereunder or of tne eb!igation se-
" eured hece5~ sF.a': at ar.y tirr.e th,r~ai;e, ~e f~e!d to b~ a.~~ive: oi thc `rrms hereo{ or of the i~;strumtnt secured hcrby. _
1 i. In ~ci:i'r;c.: tv i_re•;c -:.r~nrs c~ p;,-~. t;-~:• ~:.d i~~'.-= s! r.,q,.;:ed b/ thc prom:s
~ry r,o!c s,cvred 'neteb~, mortgsgor tolenants
a~,d ay~e~~s pay to ,T-o-±ga::ee :..;th e.sch r~c..:•~~'y ,:!;f ~~c„a; s•_--, csr.,,a•~,ei b~ rr,e:tgjge? ro be equai ta 1:'12 of ihe annual cost of th> fe~low-
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A-A!i re3! praperty t~.es !en_d cr a:s_s5~_ci aa:;• st tt~_ aceve cs-;:ric~d r~al es',ete. ~ ~
; - S--P:,:~:I~;:~s e~ f~r, a~~d ..;r.ds?~•,., "rsu•.3r.c_~ _:;n n~q_ ~_d +0 6„ ca~r(~ d e~ thc :m;;ro•:eme:~ts se!u3t_ on th~ abo~•e d=-s:~ib~~ ~ren,ises.
C--Prc~r~„~s o~ s;ch ! Cu.,ci•:t; ic5~•3r.;~• ~S ~'~J'~~.~:e~ shaii frcr. t"^._ :o r,,:e dee~n fit to eany on the loan setured hereoy. -
.;.;,rt~aye_ ,-'i t~.._ rc t;; _ ro..;; c:t.;~~_ ~r. :Cn3 of th~ r-o.;~? r~~~ 3n;I p3fJL~I<' ~tEi2U:ldar and su.h su:+~ shaS! thareupon be du< and
pry3b'~• o.^. ti~_ :i~~ u,;e of tn? .c~t „~n'%,'; ;y:*:•_~:t a~:d ea:~ s~:c~ssive r,~o^th tn_reafi;:r ur.ti; mcrtgage~ sha!i nct+fy mor!gager ot a change in such
an~o~~ t. Suth s::ms sF.a;; f:e a~~-~:i:d ~y m.;~?~a ;°e to:.a~d tL•e pa~:r.c~t of rec,! pro; e:rf taxes, insura;xe prem~ums, a~:d mcrfgage guaranty ensurante
p-e:r.:=:^:5. - ~ - . . .
' 1'J '.~ITD:ESS ':eti=~zOF, ti:=~ sa~:' ~..,~Ti r~G~~ 1,=_s n~-.e~~~to s:! n~s h::nd and seai fn~ day and vear (irs~ aforesaid.
S:gned, Sea!ed and de'ive:ed in the presence of: _ -
: _ ~ . ~aL.~ r~c_ ~:=c:~~:r~~ ~z~~ ~t~~~
- - ~i=~UC~~~~~tiitT': F:#. Senl) -
- - f,GCi.': r-;;'7~AS f~`J~~ E:..> (Seal)
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RFr^•%;:~ 'v,_ ~
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STATE OF fLOR1DA 1 , ~1 ~ ~ 2~ e~v _
_ ~t . Lt~~ : ~ ~ S5. 30`7627' .
I ceur,TY o~ - ~ ~ - -
c i=n
' B:fCra m:. ~,;.r<~~:t!iy :z, j _ .3~~T:(.--- ---'cl _1 rC- - - enc~
~ - 1~c7 y (1. :,.]ll r.~ _}~is va~re. to me we~l kno.vn and kr,o~.vn to m:.- to be
fh: ind++:dua'~ d=s:r:;:_d ~n 2'?3 vrho exec_~ted ~t~e laeaoir,g ~ns~rurr.~nt, ;nd cCKrIO:V:t~~ed befo:e me that they executed the ssme for the purposes
there~n expressed. And sh~ s3:d_ 1d illCC' _
Ja ne s::. 1:au ke '
wife of the said ' - upon a separate and privare
~ eram'r.a}~en hy n:e t~:.en'se,^.3rete ar.d aear! irorn her said husband, acAno~dedged to and before me that she executed said instrument freely and vo!urt-
sarily and w[!hcut any CUT~pIi~StJn, CJ.^•St~di~7i, appr~h.ns:o^ or fear of ot (rom her sa~d :~usband. _ '
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`.'Jlit~:SS rny hand ar.cl off~c~ai seal th~s__ d~y of _ A. D. D97~
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- / SJotary Publ~c io end for t State florida at Larae ?
_ , My tomm~ssion exp~res- ~
. Retu: n To~ ~~~A~ ~ ~
first F~de~al 5~.•ir:~s a lo~n Assc:ea;:on ~p~ ~ ~l
Oi ,..:t ?.~.t.. _ _ - _ i
Furt P:r.ce. F -td; - - - „~~+tittT~i:~, .f - j
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This Insfrument Prepared By John t.', Collins r. t,, " _
First Faderal Savings R~ Loan Association c f_ ;
of Fo~t Pierce , r`lorida f. `-~~lJ , - _ ;
Checkad By ~ " o;- „ j . ' _ ~
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