HomeMy WebLinkAbout2369 z, 3. To place and tJMuiuoui!y liCp on the Eui:d~r~os ne~v oi hereaf~er siiv~te on s~id land and on all equip~naM and personally covered by Ihit morlg-
age, ~vilh all preniiums theteon pa~d in iufl, li:e ins;,rancr in the"~sc.il st,~ndari! F,u!~ty forr.~, in a su~n aE.provcd Ly th3 h10RrGAGEE, and windetorm
insuranca in iha uwal sta~~dard poll~y (orn~, in a a~~r. appro~eJ Ly ihe A10RiG~GtE, ~n such ton~pany or con~Penies as th: h'~ORIGAGEE may '
diret?; and al) fire a:id v+:ndsti~rm insura~ec~ polrcirs on any o( sa~d buiid:nye, any inler~ai therein ur parf th,:~cof, in Ihe ay7rega~z sum aforesaid ot
in excass Il~ereoi, sha11 .ont::in ~he u:uaf stardud mortgsgee c~ausc or such oiher t'auae an thz ~1lorlyagee may require, maki~i9 Ihe ioss ~nder s~~d poli-
ties, e~ch ard cvery, paya~!e tp saiJ ~~~JRiGAGEE as iti int~vast n~ay ap}~ear, and each .ind eve~y such po!icy shall prau~~lly ass 9nrd and delivered to
any held by said 1:ORTGAGFE as funhcr s_cu~ity tu said ~~~_rtgage Jzbt, and, not less than irn (1p) dsys i:~ adv.~nce ef ~he exp~ration of each polity, to de- _
liver to said 1,!ORIGAGEE a renev~al thereo(, Iogether .vith a r~cr~pl (or Ihc prr~iru~~~ ot such rener:al; ancl there shall 6a no fire or ~vindito~m inwrance
plated on any oi sald buiidh,gs, any interest therein or pert thcreof, ~n!csi in ine fc.r~n and ~v~ih ~he loss payable as atoresaid; and in ihc e~ent any svm
of money betomes payab~e vnd~r wch policy or poGcies sa~d MORTGAGEE shall have ih~ op~~on to rea:ive and apply 1he same o~ accouni oi the indabtad•
ness SecurEJ h~7c~by Or to rermit Sa~tl ~.IORTGAGOR$ fo receive dnd usd it or a~~Y i~.jrt tl~~:~•ol luc ot~~.s~r ~:ur~+pse•s, w;tlic~t th_r,i~. ~~vi:1~ c~ ~~~~pz.ir-
ing any eq~~ry, lien or rigl~t under or t~y virtur of this +r.o:!gac~e; and in Ihe ever.~ sa'd 1.10RiGAGORS th~ll for any raason (ail to kcep Ihc saiJ premis•:s so -
insureJ, or fail to de'ivcr promplly any o( said pai~cies of inwrance to said MO~TfAGLE, or fail prcmptly to pay futly any premiurn Iherefor or in any
respect (ail tu pei(orm, d~s~ha~ge, executa, effect, comp!ete:, comply with t~~d ~b~cle hy Ihis coven~nl, or any parl hareof, said hiGR7GAGEE may place and
pay for suth insu~ance or arry ~ar? Ificreof ~vhhout ~vaivin~ o~ aHeUing any Aj~tiJn, lien, equity, or right unckr or by vir~ue uf this tile~tgage, and the-_ .
full arnount of each and etary suth pa~iTi:N shall be i~n:nedlata~y due and payab!e a~~d s1~a11 bear intarest from tho clat~ thereof uiiNl p~id al the ra~e ol
n~re ~~er teMum per ar:nu:~~ ~n:l tc~_~_ty~•r ~~ith such in~erest shiii l~;• secured by th~ I~en of thii mortgaga.
-0. To perrnit, commif or sutfer r.o w3ste, in~painn^nt or detcr~oration o} sa;J property or any parl thereof.
5. To pay all anJ sing~iar ti:u costs, charc~es and expens'ri, tndudi~ig a reasonable atrorney's fee and cos~s of abstracrs of title, incuer:d or paid at
any tiine by said h1pRIC-AG'E, Lecause er in tne e~•ent oi the fa,lure on thr p.•r+ oF tfia sa:d h10RTGAGCR to duty, prompNy and :ully parlorm, d~scharge,
rxecut•_, effeci, compfet~, comply w~th and ab:dr hy each and every ~he sripulat~ons, ayteements, co~~d~riont, and covenants of said proanissory no}e and fhis
morrgo9~ any or ei~he~, and sa d costs, charges a<<d cxpens~s, each and every, shaH be immzdiateiy due and payable; whether or nol there be notice d~
mand, atternpt to co11ec1 or suit pend:ng; and the fu11 amounl ui eath and e~'ery svch paymem shaU bea. intcrest (rom the date thereof umil paid at the
r~te of n~r.e per c~~n,u~n i_r ~~tin~:~,; an4 ai; sa~d ~.asts, cha~g.s and c.;.orses ;nc~+red or paid, toycther ~v~~h su:h interest, shall be secured by the lien of this
morfgage. '
~ 6. Thal (a) in the event of any br.ach uf thia 51Yortg~ge or Jefau~t on tlr_ part c1 the A".ORTGAGOR, o~ (b) in the event any oF sa:d sums of money
hcrein ref~rred ro be not pror~~E;tly and futly paid tiv~rt:;:i th:rt~ t30) days'next afr•.r t6e :ame severally bccome due and payable, without demand or notite, ,
ot (c) in thc event each and every tfie st]pulations, agrcemeNS, cor.di;ions and co+tnams of sa:d prornissary note and th~s mortgage any or eilher ara no1
~uly, promptly and fu~ly ;.erforn:ed, d schargad, execured, eifectcd, co~~ipleted, ce:T,phrd v.iih and a~~~ded hy, then in e~~her or any sv:h event lhe said ag•
gregate sum mentioned ~n sa~d prurnissor~ nctr then rernaining unpaid, ~~ith intera;i ~ctr~~ed, and atl moneys setured h~reby, shall betome due and pay- "
abte (orlh~vith, ~r th~rraft~~r, at the e~+!:ao 04 s~id A;GRIGAGEE, as fuily an:! co np'etety as if ei! oi'tin_ said sums of money Gv°re originalty st~pulated
, to b~ pa;d on such dcy, anything ~n s~ d fre:n;ssery note cr in fnis ~tlortryagc ta 1h; caurary no~:~i~hsiandiny; and ~hereupon or thereafter at the op+~on of
said 1.".ORTGAGEF, w~~hout r~ot~ce or d•.mar~d, su~r at taw or in equity, th:.•re(er-~ o~ Ihereafter begun, may be prosecuted as if all moneys secured hereby
had mntvred prier fo ns insti:u+ioi~. ~
' ~ 7. Tha1 ~n the ever.f that at the begin~u~g o( or at any time penJi~~g any su~t upon this ;J1orlgage, or to foreclese i1, or to re(orm it, or to enforce
payment of any ci;;~ns ha~c~nder, s.~`:d .4tORTG:,G::E shail appty to the Cou~t havirg ;u~~sd:~~;cn thereot for thr appoiMment of a Receiver, such Court shall =
fcrth.vi~h a~ro;nf a~rce~v,r cf s~;d ~r.ortgag_d prc.~erty a;i and s:ngular, ir.c:vd ~~y and s~•,ci~lar ih2 intome, proi~ts, iuues ar.d revenues irom.whatever
source dc~~ve:i, ea~ii a~~J rvery of w:~.ch, be~:-g •_z}:r~ss'y undersloocl, is herc•lly niort~3~!~d as ~f specificalty set forth and described in the granting and ' '
habendum c~a~ses hareat, ar.d s~xh R~ceivar 5f13II Fld~: dII ihe ~Dfj~;~ d!1~ @1fCC~1YC fur.t!oas ar.d po::ers in any~v~se eMrusfed by a Covrf to a Reteiver, and
s4ch aFpoin!me:U sh:~l' Ur m~d? i~y such Ce~~rt as ars oCI:^.i:lf~ G~Ui1~/ arJ a n•atter of a~•sc!ut~ r~yht to said h50RTGAGEf, and withoul reference to the .
adzqu:cy or inadequ::.y o` t'-.e ~~.+:ue ei th_ c~~o,.erty mortgaged or to N~~ so:v.:ncy or •r~;ci~•~ncy of said MORiGAGOR or the deEe~daMS, and that svch
ren~s. prof~+s, inccn:e, ~SSUi~S ~~:~1 rever.ues s~ail b~ a~:p;~ed by wch Rcceiver.a;,~rd~,~
~ ro the lien or eqvity oi said t.50RTGAGEE and the practice of such
Cour1. -
8. To dv'y, p~c~rptiy and fvl'y pe~fo:m, ci;s.h3rgc, Cxecvte, eflect, con•pl_rr, ccr:~;.,y v:fth and abide by each and every the slipuiations, agreements,
cenditions ond cevenants ~,i sa~d prom~siory note a:;d rh<s mcrtgage set forth. ~
' 9. Ti~at ir-tha evc~t ihe ownersiiip of ~h~ ,ncrrgaged pr~~ ~,~ses, c. any part ti:er~cf, E~~omes vested in a person other than the ~hORSGAGpR, the
1:,ORTGAGf:, i~s svccesw~s ar~d ;ss~;~ni, ma•;, ,.;,ho.,e nc~:ce to :h_~ ORTG!•OR, d_•~1 .v;+h such successor or successor in interest w~th reference to this
ma•tgage aed tt~e d,•ct F•.r~by s~c~red in ti~_ sa:ne ~n~~~r,;:r as yv~7f~ l: or:g„yor w~thovt in a~y way vitiating or dhcharging the hlortgagors' liabikity here-
un~ier o: uF:on fh-~ d~t~i n~teb~ s.cvfe:~. FIo s~',e of t!,e E_rr~,;s_•s her_~b~ •ne~tgaged acd no (abeara~ce on the part of the IAORiGAGEE or its successors
or ass~gns and r•o extenslon cf t~c t;n,e for ih~~ pJjm~nt c•{ ~F,e c!~b• },~.ras>y sccured giv~n i~y the MORTGAGEE or its successors or ;:ssigns, aiall operate
to re!ease, d~scharge, n:ocT~ly ci:arge nr affe:t the er~g~n~t !~a~lia~ of ~iie h'.ORTGAGC~R herein, either in whol~ or in part. _ _
10. It is speufica!f~_ zgreed tf;~r ti,ne is of th: esse::te of +t~;s cont~ad and thjt no waiv~t oi any obligat7on hereunder or of the obligation se-
cured hareby shaU at any ti~:e thereafte~ be heid to be a w.:i~er of the t>mu here~i or oi the iristrumeN secured he:by. _
- 1 t. Ir ;:fd tto~ tl~;: forcge'n~ n:oa!h'y ;,a;,,.onts ~f p•i~ c;:~1 a~d int;~~cst reyu~•ed by t}:e prom sscry no!e secu.ed hereb~, mortgdgor tovenantz
and agr~es to pai to :~:crtg~c=e .:~th eaci~ •:::~th y;~;~: :en~ ~n ~~':l,r;;:nai su~n es~~n ared by mo~tyagee to be equal to 1;'12 oi the annual cost of the tollovr-
in~: . . . , . - . -
A-Afl real irop•r.t~ taxas .a1;e' o: ~ssess~u ::y~~•~st fi:: aF:ove des~r;i.rd real rs!ore. .
B-Dr~~~vu~~s on fi:e and v: nds~erm ins:,~~rcr :s ner•~~n rq~~:-ea to be carrIc.d e:~ tV:.~ impre~_~re~ts s;tuate on tne above d,scribed premises.
C--Pre.^.:~~~rs e:: s::ch ~.,;.r!g~c~_- gua~a~t~ :rw~a~::e as mc•r;;age•, Si13`i f:o-: s~:e to t;~ne dee:n f;t to earry on the loan secured hereby. _ ~
i
t,lortgaq~c s~a': .'ran to :.::-.e r,e:;fy mortys~~+ ~n .4ritlr.g of the a~o~•v d:,~ and payabl= hereunder and such wm shall thereupon be due and
payah!e o~ th_ d.:e c..~ e? i; ~~;_.~t n-,~ ;rF:l f r.~,n;>:it ana e~cl~ svcc~zsive me^th ri~ercafter :rr,til morrgagee sha!1 notify rr.ortgagor of a change in s~ch
an;ovnt. $uth sums sl,::i i;~ a~:~:~ed 'e~ ~n~+tg~c~:•~ to:•,a:c; thC ~dyrr.Cr,i of real piec:erty ttxes, insvrance prem;ums, and rr:crtgage guaranly inwrante
pren;i~n~s. - _ ~ -
I:`d ~/ITNE~S ::H:R."-O~, t~t~ s,id I.SORTGkGCi< has h^re~ato set h+s har.d and seal the day ar.d •ear f' aforez id. ~
Stg Sezted a.( deli~erzcj in 3he prQsence of: i
-=r-5`l~l~°-`t~-- ~Sealj
~ - - - d ~ ~
(Seal)
_ ~i - (Seal) ~
lSeal)
SIATE OF FLORlDA " ~ - s
COU~dTY OF _ St__
LUC1Q___ _ _ - _ ~ ~ ~ ~
- Llo d Ta lox ~
$_fere me ~er<_o-,at;y ;,.,.red y-- - - - and
~_~~.4~
~.~Q_~~T~VLOI his w~fe, to me :tiell known and kno.vn to mz to be
the indi•~id~a:s des_r:b_d in and v,no exet~t~d the iorego~r,g i~strumer,t, ar.d ackncv;fedged D~fJfQ me that they execufed the same !or the purposes
tharein expressed. And tna sa:d_ C lot i lde F, T ay lor
w~(e of ~he said Ll~~_Ta}~lor - a separatP ar.d private f
exam~nat~on by n~c taien s:pa•at~ and apart irom her sa~d husband, ackr~v:tedged to
end befure me that she exetuted said instrument freely a~d volun-
. tarily and vr:f6out any ccmpv!sion, constra~nt, ac~rehens:on, or fear of or from her said husband. _ }
Y/IT`ESS my hand ar.d off~c;af seai this__-215t day of r~a ~ A. D_ 19 -75 ~ ~
Notary Public in or t State of lorida at Larg_
_ 111y Commission expires. "
Return To: - ~ a~~9 j
- FSrst Federal S~viaas ~ Loan Associ~t:on = ±
~r co+: ?.e:c_ FILfL• ~ r: ~
H~ yc _ s
Fc~r P~•~:c~, fi~:; ST.RGL^t,~SL'YiY F~A ~ - -
Ct~,~K "r:TRAS LL
pF('~^?^ ~ C~URT `:_<<~~~ , • ' '
- - ^ 4 ~,l. #
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~ This Instrument Prepared By John R'. Colli~l~ 11 ~:,C?;';i ,j ;
First Federal Savings 8~ Loan Association ~ ~N ~ _ ' . • - ~ ;
of Fort Pierce, Floric3a = ~ - : :
c~(f~l~{;$r- •`'i~~ , . . ~
Checked BY J ~
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U P ~ -
^ 8~ox 239 PAGf ~3fi4 . _ _ ~
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