HomeMy WebLinkAbout1276 ,
3`To piece and corsi:nuoiily kecp on ~hc L°~i!dinys no.v or I:erea(te~ e:tuot~ on se~d !~r.d anei o:~ ali ec~v~p:~ient tind person~liy ccvvred by Ihis murfg•
" ege. iv:~h a!I pfc-niu:;.s ~iiercon pa:d in (v!1, (irc ~nsurante ;n the us~.~l starderi~ F:a~~ty (~~m, in a i~rn a~.ynuvi~d Uy thc h'ORiC,:\GEE. and viindstor~n
~ insuronte in tha us~ial ~~a ~d~rd {al cy ~c~~m, in ~:u~n apF~roved t~y ~he MORTGAGEE, in such corupa~iy or corn~~anies a3 thr MQ2(tiAGEE may
i d~tt<~; ond a!1 i~ra a~,d .v~nilsWr~n ins~tan;e poGc~rs e:i any o) s~~d Lvi~it:r.g~, 3~~y intrre~t therein ur {:ert ihcrrpf, ir~ the aggrega~a wm efores~id or
In axtess th~~reot, s'~.+!I ccntain the usu:l s~.~.:dard mort ,.~g,:e c(ause or suth o!her tlause as thr ~tiSo~~yagre may ieyv~ra, mel.ing li~e lotis undcr s~~d µoli•
; cies, each anc.+ evc:y. pi~~a.~'r tu seiJ .11;)RIGAGE~ as i~s uncr~st rr.ay apptar, ar.ii ~aih and e.ery such p,>CCy shail tir F,rom~,tty assg~~ed and de~ivered to
~ ~ a~y heid 6y said ,ti',ORIG :G1E .~s Iwlh,•r security to ~aid n~o:~go~.: dcbt, ai:d. ner less ~han ten (10} ~1~ys i,i a:lJaiice ol tha expirnt~on of each poGty. Io da-
? ~iver to said QlQRT~{~GEE a rc~+ev:,,l ti~rre~f, loye~her ~vith a rccei~~1 for ifre: prc~rrium nf sv<h rcne.tial; and thcre sF~aU ba r.o iirc or ~vindsto~,n insura~ce
' placed on any of said buitd~ngs, any ii:icrrst there;n or parl Ii;er.ef, un:ess :n :t~e form and ~vitl~ ~i,e ioss y
i ~:ay~i>~e as a(oresaid; and ire the event an sum
i of mortey beco+nes payablc undrr s~.ch ~;oticy or poLc~~s said 1.1URIGAGEE sh3U hsve ihe option ~o receivr and upuly Ihe aa~ne on accoum of the ir,dabted•
~ ceis secorcd hereby o~ to pern,il sa~ci f.1pRTGAGORS lo fecciv~ and uso it o~ en/ ~t ti~arr.ol tor oti~~.t ~:ui~ escs, v;,!h~,u! ih; u~ ~:i c~ in~pair-
ing any equity, lien or ~ight under c~ by virtvc of th~s mo:tga~c; and in Ii~~ evc•r.l sa'ct RtC~R=G"~ORS sh~:.l for a~~~ reason (ail ro k~ep ~hc said premisas so
insurcd, or foii to dclivar promptly any of s~id ~w",[cics of inwr:~ncc to sj:d A10RiGAGtE, cr f~:! ~~romptly to ;~*y (utly any prc~~~i~m Ihrrcfcr ~r i~ iny
respect (ail ta p'rrferm, dtscha~qe, execute, elfect, co~~~p!etr, co~nply tivi~h and abide by th;s covenant, c,r any part hereof, said ~AORI^vAGFE may F~!ate a:~d
Fey fo• Suth insur.,nce er any part there~f ~n;~hout w~iving or affer.ing an~ aption, l~en, equlty. er righ~ ur.dcr or b~ virtue.of Ih~x ,tilnttgaae, anJ the
fu11 a:~wunt ef each ar,d r:ery s~~th ~?a;~~~ant shall Ee im~nedi~tely uue and p~y~b'.r ar.d sl~all bea~ i~.forest tro:n tho datc Ihercoi until paid at the rate ol r-
nine per centum i:er anni~n~ an:l tr~;~tt:rr :•:ith s.,~i~ enrv~•t~ sh~!i t:t• s_~c~~r~~d by ~f;e f:en o! Ihis uiort~age. j
_ L To permit, e~m;nif or suf(er no ~naite, impairmant er d::~eri~rat~en oi sa~d f~r;:E:erty or any part thereoi. -
5. 7o pjy a11 and singular the costs, chsrges a~~d e~prnses, ~n.iud:ng a r•~aso~sble aftorn~:y"s fee and custs of a6srracts of. t~de, incuned paid at
; any ti~::e 6y siid AtORiGAGEE, Letausc or in Ihe evcra of ~he failvre en tlic paft cf ~hi sa d h~ORTGAGOR to duly, pro:nptty and Fully pcrfonn, d~scharge.
: exec•~te, effrct, ccmp:ete, cacply ~vnh anJ ab"de by each and erery the ,f~putc,~:ons, .~yrr.~~ncnts, cond~tiais, and <ovenants of sa~d pro.nissory nore and tl,i~
marlgage any o~ ei'her, ar,d 53.d C0515, ihar.~cs and axpenses, ca~h and e~ruy, sha~t Le in-rrrd~atefy due and payab!e; whcther or nol lhere be nofice d>
{ mar,d, at~e:npt to coil~~t or wit pend:n~; ar,d rhr ivil a:nount of each and every :uci. ¢ayn;em shall bear inteisii irom ~he dste thereot until paid at ~he
- rate oF nine ~er car.tun~ F:er a:tnu:rr, ar.d ai: s_id _os~s, chuges a~,d ~x:.~:~s_s incurred cr pa~J, i..~eth~r ~.v~th such intcrelt, shall be secured by the lien af th;s
# mortgaga
6. Thst (a? in fhe event of an~ breach oi th~s ~1~rtg~ge or d~fau~~ on ih~ part of the t;;pRiGAGOR, or (b) ~n the event any of satd sums of money
herein referre;S tu ~e not pranptly an~i fu1ly paicf v~~th+n 1h;rty ~3G) days next aiter the same severa:ly become due and payaUle, wiihou~ demand or norice,
tt or {c).in th= eveM each and every the si~pulatiens, ay~ee:nents, tocd~tio~~s and covcnanls of sa.d prom~ssory rote and :h:s mo~tgage any or either a~e nol
~ul~, prp~nptty ~r„~ fully p:rfo~rr.e:i, d s:har~ea, e.,ec~ted, ellec~ed, co~:np'eted. co+~iE,i;ed v:~~n and acid~d 5y, then in e~thcr or any such event the said ag•
% , grega!e svrn mentioned in Said pro~nissory note then rcnuinin~ vnpaid, v~ith intc~N;f accrved, and a~l monrys setured hereEiy, shal! becomz due a~d pay~
; • ab'.e forthw~th, or rher?ai~.~., a~ ±h.~ •r;, ~ cy s~:~+ F.tORiGAGEE, as :u:iy a~~ ce,np: ~ e sa`d sums of money were onginai;y st;puiated
~ ^S e:t•i• cs il aii O( rh
r- to t~e pr:cl on s~~<h ~{~y, anytt~ing in v ci pro:^:ssory note c~ in iiiis Alortgaga te t~e co~etr~ry not.•:~ths!a~td~~;g; and ther,:upon or thrrcafter at thQ option of
~ said A;ORTGAG'.E, w;tho~t notice c~ dz~r.a::c3, sv~t s! la:; er in e:~u~ty, th_~~~pre er ihercai~er 6ec~un, map be prosecuted as if ail moneys secured hereb~
~ had matured pr~c~ ~o i~s intt~tut~on. _ - ~
F 7. Tha~ in the ev•~r.t that at ~he 6~~3innir.g o( o.• at any tin,a pct~d;ny any su;t upon tius Atcrlgage, or to fore:lose it, or to reform it, or to enforce -
' paymenr oi any c~3u,is he~eun,l:r, said ;.'.pRTGAGEE shail ~~plq fo the Court i»v~cq ;;,.,;cFa!en fhcrec! for th~ appointmcnt of a Receiver, suth Court shai!
; fortF~vith app~;ni a ret?iv_•r of s,:;J r,:o•t 3~ed pre~~; rt a!; anJ s+r. • " income, p~ol~ts, issues ar.d revenuas from vihatever
9~ l Y yu:ar, ir.c;~d:r.:~ ;.i! ar:~ s~~r~~u~at tV ~
- source ~~rivtd, ir.:h ar.d e~•e~y of .•:h:~h, ~t F,^iny crp,-css~y unders:~cd. :s t.e~_b; r..er.rya~ed as ~f spec~(;cally set forth and descritxd in the granting and
. habendum c'a,~ses h_~r,of, and 3~ch 2e:e~LC: sh...it h.,vc alt d~e t~rc~d and e~f~r;,rc f~~c+..o:u ~nd por:c:s in anyr:ise entrusled by a Cou!1 to a Reo-_iver, and
s~~ch appoin~m~ nt sh~Il .~e rn~de by such Co~~t as a~. adm~ited cqu+ty a~~cl a c•atre; of aF,sclute r;yh~ to said MORTGAvEE, and without refere~ce to the
adeqv~cy or ~naci_qvacy of the va`.ur oi ~he preperfy rr.crtqzg~~ or to ~h~ so:~~c:,cy G' i:1:GtVCJ1C') of sa~d R10RiGAGOR or :he defen nts, and ~I~at such
~ ren~s, p~oi~rs, income, isSUes and rever.ue; sha~l oe app:~ad by sUCh Ret_iver accord~::g tu iha lie~~ or equity ol said h10RTGAGEE and the tattite of such
Courl. . . -
8. To d~!~, pre~~~p!!y and ful~y ;~eriorfn. d;:cn~~ge, execvte, effect, compiet~, cor.~pi~r with and ab~de by each and every the stipulations, agreements,
eonddllons an:_1 eo.~cnanrs :n s~~a u:omisso.~ r.ctc a~~d th~s m~+tgaga set forth. •
9. Tnat in zhc ev_^t ~}:e o•::nersh:~: :f :i,c mor!gaged prenvses. o= any par~ ihc:coF, becon~es vested in a persen otfier than the MORTGAGOR, the
h',ORTG.Avi:, irs u:ccesscrs aru as-~yn;, m•y, ;v;;!;o notice to thz ;l.ORTGAp~, dca? v,i~h su,h suttessor or successor in inter<st with reference to lhis
mo~tqage a~,ci the dc~! F.~r2b~ s~~_~ed in !h~ c~n:e r;:;~~:n:r as v:~*h ~,!~:tgayor without ~n an~• way vit]ating or d~scharg~ng the r.lortgagors' liability herc-
- un:ier or ~~•on the d~bt h_re;y s^~urad. ivo s3'e ci ti ~ F:i-^:ises h_rrb; moityaaed ard no forbearance on the part of the f.10RTGAGEE or its successors
' - or ass;~ns an~i ro ~•.rerson of ehe fc• ~ne ,;ay:rrni of t~,~• d_~ui nrr~-%,y srcu.ed g:v~_n hy th_ 1dORTGAGfE o: ~ts succassors o: ass~gns, ahail operate
1o re'case, CI~SCf`3f9e, mcd~fy ch3~~ge a+ aiEecr N;~ o~ ~~~~ai ii.:i;:;sty c~E th_ :cO.fiGAGOR he~e~n, either in ~viiole or in part. _ - . _
- 10. It is seec;i7c.~liy a~r~ed thar s::~:,~ ~s o! t}r~ .ssc-r.;e of th~s co:araU ar~d rhat no waiver of any obl~gation hereunder or.of the obligation se-
eu:ed h:reby sf:a•.i ai any t;me lherea(!er be h•;;d to ~,r a weive: cf the !erms hereci or of ~he instrurnent s~=cured herby.
1l. In add r.~
~ t3 rke Ecr:•gc n, n•:x~th9 ~:a;:,:,nts of i.. ~ - - -
• 7 , _ s~' -c;-~' and ~::'.~es~ ,e~v~:ed by ihe p:crn,ssory not~ s^cu.ed hereb/, me:igagor eovenants
and ag .~s to pay to n:ortga;;:e v:;;h r~~;. ,;,o.,,ii'.y p~; •::e~~t en ..:;o^.a; r.~n :z? ^::+ec3 0~ merinag~e t:. be etiv°+ to 12 of tl:e annual cost of th~ follow-
~~"l~ . -
>--~~!i r~al p~oper~y tax_s le.~ec! cr asses;.,;i ;:.3;i.sf ti:c abo.•e desc~i~~•d r,~~I estate.
. 8-Pr~•. :~u::=s c:i Grz :~~3 .:ir.cst?rm EnSVr~='C•, i~er.~in ~eqv'red to b~. carried cn the ~m~ruveme~ts s~tuate on fhe above desuio_d premises. -
C-Pre;~;iu:~ s o~~ sv:h ~-~•r_~: ge g~::r;nt,• ;r:,:.,. y< <,s qt0'tiJ3 5}13i1 fr~:c r.. t~me deem f~t ta earry o~ the !osn s^cured hereby.
t..o:!goge.~ s^,':I fr;,~n ri:nz ;o tc:..: .:c~:f~ n,c~t~,sgsr ~r: ;:~[t ~3 of the a^.o~•~t L~~? Jn(~ Pj)'3fJle he~eundar a~id such sum sha!I thereupon Ee due ar,d
payat~le o~ tha c3•~e d:~te c•i 3i:~_~;_x: n~o ~t:.'r . ~y^•.,;~` end P3r:; SL•CCE'SStvc' rrcvh t!:e*c.3i!er ur.tii mcr!gagee shatl notify mortgagor of a change in such
dmOU~~f. $ULfI svens-s~3:1 Le ap~,':~J by e-:or.g:•-,~;c tc::a:d tFc payn:enr ci real prcperty taxes, insurance prem~ums, a:~o mortga~e guaranty insurance -
N'Gmt:J!T~S. , - . ,
, tFJ \'lI7A~ESS '.'=''HcR~OF the sa: 1:vP,TGAGOR has 6ereu~to sc-t his hard ar.d srai the day and year first a~oresaid. _
- S' d, d del red i~ e preser.c= of: _ -J~ ti -
. . . . . ~ r ~ ` A~~
- _ - _ c' re . a i~ y~ d•.'sin9t~e~~ adult
. - - • .
° t~iet . _ _ •
~ t - - - al
`,`ti O ~y . 'tarjq e E. E ~c ~ a s ~~e~~aduilt
~ . ~ . - ~ : . . < _
srA,~4c~.~~S~tl~~f,`~.. 0_ • . ~ ~ . . ' -
_ cc~raT~c~g~'-A ` "uc x~e ~ ss. . _ _ + `-"j . ' : ~ ` ~ -
- * ~ - - - ! .
~X~efo.~~n?e_~`'i'~ ;a are ---_-----`-~'Iilfred_. Chatl~ny~ a _sinc~le aIC~Ult:'
and•' '
c~ i~ 1 Ilioct a sinc}le adult ~ -
• ~ _
' ~ ---1 ?f~s ttiii~ to me vvell knova:~ and know•n~ to r~e to pe•
=Yh3 trs~i'v'e..u~t~~s~i`b :pn;- ;w~io e;xcc~"s_d rh~ foregoir:g inst:umant, and euno.r:edged 6efore me that they executed the same far t pur~~'s•'~
i` ~
~thereir(~q y~'r ~y? ~ _ _ ~
. . _ •'r~ r~.l j.~"`e~.Ij17 _ _ - . . . _
. Tf~C ~~i. ` . _ ~ , ~ _ ~ . . ~ i
- t~;6~~~' - ' wro~°e'~p~i+te•ewd.~i.Mr j
' r ~~•.~j ~!~:~rr~r!~~arrhnnrh~r3~rtLlt3~lstf ~cR~s;.,~~a~Ed'fE~rtti.be3~-aa.~t,a~ebe-o+cacw~s.~«,.?«,~,«,?.k«~,i~?.awi.~rslirn--
_ -N~~+~+~ , ; ~or'p~«.s.ow'-a~.+~+.~as~c~n.~~sw~?rerf-a-vFer-i+a+rlr_~seidire~twi~.- y
WI~~$$~~a~~ar.d of(it~a! seal th:s_ $'ttl__`---- day of_.--- `fd A. D. 19 75 ' ~
' _~--_-~~~-Cti1`'Li ' ~ l~
~~'r` -
. " Notery Public in and tor the State of florida af Large _
' h5y Comm~ssion expires: / J / ~ ~ ~
Return Toc . - ~,(,~Qf~~
J~
, F~rst' federal Savings 8 Loaa Associa+.;a~ ~ ~ '
- Of f :rt P:e:te. r _
' Fort Pierce, F!o~:da - ~ _
- _ - - f~~Et~ ea~ FECO~oEa - - ~
- - - - - st.~u4i_ vo~;MtY FLA. R ~ `
. _ . RG~ t~ 'Z.~TRAS ~
FF_Gr~` ~t {aip i.CtIRT- ,
- This Instrument Prepared By J• F~al Poberts~ Jr. _ _~~-r r'
first Federe! Savings 8~ Loan Association MA~ 1 Z
- - of Fort Pierce ~ "lorid3 33450 ~ 3g
3 :
;
Checkec! 5y - t~Q f$~9 4
~ . $~~i ~~c,3i7 PAGf _ ~ - -
~ - _ ~
, _ c sw
. . { _
_ ~