HomeMy WebLinkAbout1278 3. To p~aca and continuous{y kecp on th~ Uvi!d~ngs novi or I~oreaher fit~atr en said !and e~sd on a11 eq~ipn,ent end pcrso~ally corert;d by Ihis mo~fy
sge; with all premiums t6erron pa;d in f~!:, hre in;~~snce ~n ~ha uswl steixiar:i NoGc~~ (o:~~, ir~ a sum aF:proleJ b~ the MORjG.~GfE, and winds~orm
lnturantr ln ihe usual etandarcl po~~cy Icrm, in a wm app~a~rd by the MO!2iGAGEE, i~ s•~ch co+npany or c~rnpanies ss tha A50R1~AGEE may
direU~ and aU tire a~td ~v;ndst~t~n inwr.nce ~:a~:c~is on any of said tw~~d~ngs, eny ir,t~rasl thc>>Ein or pnN thcteol, in the aygrcgaia sum a{ueiaid or
1~ eztess Ihereof, s?~atl ;onfain ~f;e 43UdI efanda~J murtg,igee clause or such ather cl~u~e as !he hlcrtgagee moy requ.re, maAin~ Ihe loss vnder sa~d po~i-
ties, eath and every. {,ayat~!cs to said /.tCRtGAGEE as ns i~~r~res~ may appea~, anc! rech an~1 e~e~y ~uch po~;c~ sha!1 be prompt;y asc gned a~~' dclivered to :
eny held U~ s~~d A10RIGAGEE as furth;r setur~ty tu sa~d n~ortgag~• J~tf, ar.d, n.t test Ihan t~n (10) days in advenca a( Iha ezpirat;o~ ot each pol~cy, tp de•
liver to said h10RTG.~GEE a ~rnewal therroF, loc~e+h:~ with a r~cey:t for tho p/e~~~urn o( s~:h rr~~e.val; and ~hare shall be ~~o Cre or w~ndstonn insu~a~:e
placed on any of sa~.! 6uitdin9s, any ~n~cres~ tt.ere~n or pa~t thcraof, u.~ltss ~n ~fie fo~nr and with Ihe iass payaL!a as afores+id; enJ in i}:e ~vent any sum
of money becomes poyabfe vnder such poticy or pol~cirs sa~d .+tORIGaGEE eh3~l h~ve ~l~r ophon ro receive and apply tho szme on account of the iadrbted~ .
11875 Sacured herebY or I+i pcrmei S~id 1.10RiGAG04$ Io lrt~iso an;~ use it o~ r.ny p~+it tF,:tro•~! fc.r O~i.rr E;~~~p~scs, v.:tho~~ Ih:•~ci~~ ~v:.~~i.iJ ~mp.~ir. .
ing any equ~ty, (ien o: ri~h~ und~r or 6y virtue of this n~c:tgaye; end in Ihc event iy:d At~R[GAGORS sh~l1 for any rcason fai! 1o iccep Ihr sa+c! premisr~ so
insured, or •fail to de:ivcr p~om~~Ny any ~f said poGcies o( insurarce lo sald 1~40RiGAGEE, et foit sirpmptly fo pay fully a~~y prem~~rn thcrc(o~ or in any ;
tespett (ail to per(om~, d.siha~.~e, exc:vta, efied, tanp!ete, to:npty v.•i~h ar.d ab~de by th~s tovenenl, or any pa~t h~reof, s•~id MOfc1GAGEE may plate and ~
pay fo~ such inwra~ce i~~ any rart the:euf wi~hcut wairing or a(lei!ing any option; I~eo, equ+ty, or ri~ht under or b~ virtue oi th~s hlortn,ge, and thc y
fv11 arr.ount af ca:h and every such pa~nr~M sha!1 k:e i,n~redi~tety due and ~yab!e a,.d sha;l b~ar i~verei~ from Iha date thcrcof until paid at the rate ol
nine per ccntum per annu~i: :,nd ro7rth,~r ~aith siich :nt~rest shai~ sec~~r~:! by 1h: Gen ol this mottgage. ~-:.j
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d. To permit, tommit or suFfer rc waite, irnp~irit~ent or defer~oratlon of siid }~:cF:etty or any pa~t thcreof.
S. To pay a!I and-~singular the costs, chargrs rr~d expans~s, indvding a:easona6le attom~y's fce and canis of abstracti oF title, inc~rred or pa+d at
any tin:a 6y sa~d A10RIGAGEE, t:ecause cr in rhe event of Iho f.;:lure on the part of ~hr said h10RiGAGOR ta d~ly, promptly and (vtly perfcrm, d~sth~rge,
executo, e~fect, cempiete, com~ly w~th ond ab:dc by e~ch and e~ery th~ sti~uta~~ens, z~rcaments, cond~t~ons, ~nd <ovenan~s of said prom~zsory nota and ~his _
mortgaga any or e~~he~, and sa?d costs, charycs and expenses, each and cv~ry, shall be ~r~mediately due and payable; whethe~ or net there be naHce d>
~mand, attempt lo col~ed or suit pend~ng; and tFz tull a~nesnt oE each and every such paymem shall bear intcresl (rom the dato IhereoF uNil paid at tht
~ate of n~ne per ~enwm ~•r: arn.ci, a:x? alf sa~d ccsis, ch;;grs and cx=;ens•~: inc~reed or pe:d, toe{cther ~v.th such interest, shall be setured by the iien oS tfiis
, mortgnge.
6. Thal (a) in iha rvenf oF any breach of Ih~s .41or`3age or de(au(t on Ifti part of !he l1!ORTGAGOR, or iL) in the eveM any oF satd sums of money
herein refer~eJ to be r~ot ptoa:ptly_ ar,d tully paid ~v;+ht~~ ~h:rty i3Uf d3ys ~ext aiter the sr.me serera9y become dve and payable, withaut demand or nofice,
or {c) in the event eath and every tha stipuletions, ngreemenls, tor.drtions ur.d covenanrs of ta:d prc~~iissory note and th~s mortgage any w either are nol
~v1y, promplly rr:d suliy perform~~d, d:sch~rc~_d, exec~!e~, etfsucd, co:np:a:~et, co,nrGrd w~ih ar~d ab?ded `~y, Ihen in e~ther or any such event the said ag
gregatz sum m.enrio~~ed in S3.CI {?~O~»iSSJ~y nute thzn remainir.g unpa~d: ~e[th inter~;t r,ccued, ar,d att nwneys securzd hereby, sfialt betome due and pay- _
able fo~lh.vith, o: thereafter, at the op~:cn of satd „CRIGAGEE, as fulty a~t~1 [Jrnu:riciy' ai ii ail oi the said sums of money were originally sfipuiated
- to 6e pr:d on suth c9iy, a~rythir.g in s~ d p~~:n~ssory r.ete o: in this tlar~gaga tu th: cavrary nww~~hsfan:~~ng; and there~pon or thcrealter 01 the opt+on bf
said 11;ORTGAGEE, v:~iFout netice er cieman:l, suit at !a.•: or in eyuity, iherefere or therca{~cr begv,~, may be prosecuted as if atl a.oneys secured hereby
' had matured pr~or to ~ts ~nsti?~~tion. ' ~
7. That in ti~~ even? thef at ihe .eyinn;ng of or at any tim< pendiry any w~t u(•on this A!ortgaye, or to foredose it, or to reform it, or to e~forte
paym.n~ of any c~airr.s hereund:r, sa~d M,ORTG~+GEE sh5~l ap{~!y to tti~ Co.,rt h3ving ;u~~sd.cticn thefeof for she a}oo~nhnent of a Recaiver, such CourLsha~l -
forfh~.ith appoi:~t d lBCE~"~f~ a( s.+id ~r:ertga~ed prope~ty all a~~d singuiar, inc;vJ ~~g ai! and s~ngu~ar the irce~i,e, p:o(~ts, issues and reyenues from whatever
saurce deriv~d, e:-cii and .~.ery of .vi,.c'~, it Ln~rg eipressty understuo3, is herca~ ~r~or:_;~ged as ~f spec[+icaily set forth and described in Ihe granting and
habendum c'~:~ses hereof, ar:d such Recei~er sha~l 1i~vc aH the broad and efiec!ive ie+~:ct•ons c•~~d powers in anywise entru:ted by a Cov~t ta a Receiver, and
scch a~p.^intr.ient shj11 be n~ad_ by such Co~rt a: an admin~•i eq~ity and a n~rtter of absu~u+c r~ghr ta said h50~1GAGEE, and wirh~ut reference to the.
adequ~cy or in~deqvacy of th~ vafue of the proFe~ty mo~tg~ged or to ti+~~ so~v•_rcy o: ~n=oiven:y oi said MORiGAGOR or the defendants, and that such
rams, proiits, income, issues ar:d revenucs snait be apci~ed hy s~ch Receiver accord~ng to the tien or equity of said MORiGAGEE and Ihe praclite of such
CoutL ~ > -
• 8. To duty, p~em;.~'.y a+~d fut!y p~rio•m, :li:cherge, aYrcuta, ef'ect, co^ptete, cc,aN'ry ~vifh and abide by each and every the s!ipulations, agreements,
tondit~:ns and ~ovznan!s ~n sa~d promissori nota a:~d th~s n:ar:gagc sc~t fortn. _ ~
9. TFai in the ev?r:t t1~e c~:r.e-<h?n of f~.e mortgag:d nre~~~ses, o: any part tf~erecf, becom~s vested tn a person other than the A'IORiGAGOR, }he
R1CRiGAGEF, its s~ccess~~~s and asst3ns, ~:-ay, v.::'^.o;' r~oi::e te t~~r .'•':02T;.~:-OR, deal ::i~l~ such successor or svccessor in interest ~vith referente 1o this
° mo•tgage ar.o t~e dc-uf F.erety s>:i~re~l in !i!e som.e e:~~mar as with :'.ovtgagor w~lh~Ut in any tic:y vit;ating or d~schargin~ the 1~lortgagot= liability here-
under or vpan fhe d.br f~_~eby sccu-_d. ~ r:o s3 ~s oi r:: prre~•+ses hc:eby .no7tgag~d and no foraearan~z en the part o( the /.10RTG/1GEE Or its successors
or asstg~s .:r.d t;o Cxtzi~S:ptl ot :he e~:~:a ,he Tayrr.er~~ oi f~~e ci_ht h<~<<•l;y seo~red g~ven by ~he Okit.;AGEE or its successors or assigns, ahall operate -
~ to re~e~se, d:scharge, r.~nJify char,gc er artect tha c~~7;na? fiau;E ty of RtORiGAG02 here~~~, either in ~vlwle or in parl.
10. It is spec~f:c.,':iy ay~eed ~hat ~i~ne is o! th~ esser.ce of rf~is <on+raa a~:d tha! ~+o waiver of any obllgation hereunder or of the obligation se-
- tufed har_by shali at any !i~~~e therea~tcr b= i:,:i-3 to be a•:~aiv<r of the *erms her_of o: of Ihe instrument se~ured herby. - '
1{. in a:id t~c ~ to io.•,° .o •.'u. ;n~i ~;ay~;c~'s eS pr•r'c pal a::d i~~ter_sf •eq~,ircd by the ~rorr•:sscry note src~red hereb~, mortgagar eovenants
and agr=e3 :o pa, tn c ar'•>>yee v.irn ra;i~ ~~~t~,rt ,:i,+: e~:t ac: a~c:.:~o~~s' s~±m .:-;•._d b~ mo~tga~e? to be equa{ to i j l2 of 1he annual cost of the (ollow-
ing: . . - - _ _ .
A-All rea4 ~:ropert; taxes !ev~=d or assesced 2^yain5! ~h: aE~~:= dcsu~:<d real ei!ar..
A-Pr~r ;t;,,::s ;n or;J .~•:nds~o m:ns~~~ar ce a> he:e~:? r~q~:reti to_ be ca~ried e~~ ~he +inproveme~is s;tuate on iha above dsscr~k~d Fremises.
C-Prr.~:iun s o.: tiucri n-crtgag_ yva~.•~it. Srs~,:~~~ce as m~~tg3~tL S'.13~~ frc~: r r.,e ~a time deem iit to carry on 1he loan secured hereby. .
i . l,brt~ag_e sF::ii i•,,n ti~r•..~ tc :;:~-e ~::ti?; n'.crtSag~r in ~„rir;r.g of th> a••.o.;~~! d"= ard payabie hereundzt and such sum shall 1herEUpen be due and
pat•~b°e on th~ c:,•_ c.~~c^ci th: ~~eit a,o^t^i~ e~~:~~~•nt arJ. e::ch succ~ssi~e n~e-:th tr.•~reait~r unt~l mortgagee shall no~ify rr.origagor of a change in such :
an:ount. Suct~ sums ~l~a~'. ce a=.,~:ied i~y r~~r~3a~ e~or:a•d the ~a~nent e4 re~l prerer~y taxes, insvrance pre+n:ums, a~+.d mortgage guaranty insurance
' pren~ivn:s. - ~ ' . . .
- !`i `:IIT;:E55 ::N:RiOF, ;hc• sa:d ~ICkTv:.Gt~.'~ hns hsreuato s_t his h~r.S and sea( the day an ar f' oresaid.
S: ed, 5ea?ed ap3 det' e+ed in t}ye pres~ of: - 1
- C_~%~ ~a~, .
- . B aine rerris , cseat~
. ~ l - t~aq .
- - , - ~ ra . Gerris
- (Seal) - -
- ~ - - - , . -
5iA7E OF F1021DA ~ _ ~ • • • ~ , ~
St.VLucie ss. . _
C_ Jt~TY OF - - ~ .ni t ~7
R. Blaine ~_~errish ' Y- ~
Before me p~;ao^a'ly apperr~d - - ~ and`? : C; -
Sabra S. _ t~errish _ h;s wi{e, to me ~vell kno•n-n ancl dcT~oxu~tQ me'to ~ - 5
thz individ~a+s desu~Led in zr.;1 v.ho execut_d iha lo:egcir,g ir.strumen~, and acknow:edged before me that they executed the s3me'f9r tEi~~purposes .
lhesein exaresse3_ And jh~ :3=d, __~abra GerYi.sh - - ~ j~ ;
^ _ upon a ~ s¢parate.;nY! -prl~/atp ~ .
N,re ar th~ s~:a ^ ~~__.___8.,._~ila~ile ~~rrish - _ ~ ' . ~
exam~n~t:on by me ta;en separate and apari fro:n her sa:d husband, ackno~~,~;edged ta and before me that she execuSQd sa;d instrument ~io,l~and+~Q9urt` t,•' E
tarily and :r~thoat any ce~~pvlsion, constraint, aYprehension, or fear uf or from hcr sa~d husbard. _
~Sa - 75
WITt.1cS~ my kand and offiriat szal th:s__ 7th ciay of_ ~ A. D. 19_- . .
' ~ l~~r~u_.r-~` A
, Notary Public in and for th
St~ fbrida at Large
~ ~ ' h1y Commission expires: ~ ~ 9 ~ 9
Refvrn 10:
- First Federal Savir:gs 8 Laan Assouat~on ~~g~ _ '
_ ~
Of iar+ P;•=:c~~. _
Foir Pierce, fferida FI~~U R~l.~ ft~~i~RDf~ - '
_ " - &T. t,UCtE C~JUl~TY FIA. -
~ R4~E; YitTRAS- ; - ,
_ • r,i[f,K c{::;;~tT COURT s`" ;
7his Instrument Prepared By J• ~{al Pobert~~ Jr ~ - Ff r~"' ~ 6 4
First Federai Savings & Loan Association p 1 ~
- of Forfi Pierce Clorida 33~t50 , M~Y ~ 3~ 1 M 7~ - `
~ ~
Checked By ~ _ - . . -
~ 80~K ~:+r.~~7 P~lG~~~ f d ~F.} ;~c~w :
~ { _ .
- !
~ S