HomeMy WebLinkAbout2436 ;
_ ;
3. To piaca and curt~nuous:y 1.ees~ o~~ ~h~~ t,u+'d~n,~s now cr I,zrrniter s~h~ata on sa~d iand ac:l on a!I equiprnent ar,d peraonally eovered by this mortfl-
eflr. with all premiun~s thrrcon ~:a~d ;~i full, tirr insur,,ncc in the usu;~l stein-f~r.! µotit? icrm; i~ a t~,m aHprovfJ by Ihe h10RtGAGfE. and vl~ndstorm ~
insurantc in tho usuet s~and~rd E~o';cy icnn, in a t~rn approved Uy ihe /.1~~RTGAGtE, in fu.h company or companies as iha tAORTGAGEE may
direc4 and all lira and w~nUStor~n fnsvra~~ca policlrs on any of st~d build:n~s, a~iy inter~+t th~rcin or part ~hereuf, in the agn~egnt~ sum aloresaid or •
In extesi Ih~~eof, shali iont:,in thu uiual stardart7 mo~t~agea clai~se or s~ch o~i+r~r cl+use as ~I~e hlorlgagee ~nay requ~re, me?.int~ the loss u~~der s~~d poli- .
ties, each and ev.ry~, pay~b~a !o saiJ h',~?kIG:1GEE ~s ~~s int~rrst ~nay ap~~eer, and rach .;nd eYCry suth ~olic/ nlsall be promplly assgnid rnd delivetrc! ~o
- tny held by said MOP.lGAGEE ~s turth;r sacurity io sa:d mnric~age dabt, and, nor less th3n ten ~{0) Ja~s in aJvance of 1ha eapuation of each policy, to de-
liver tu said 1,10F1(~h:,.E a~enewal ~h.~reoF, ta~e~hrr wi!h rzceipl (or th_ p~c~nium ut such renewa!; ar,d Ihere shalf be no fi~e or w~ndstor~n inwrance ~ :
plated on any of saicl Uvi~Ji~~gs, any intcrest Iht~ein or pail Ihcreei, un!rss in tl~^ tonn a}~d wi~h tfie loss payob'e as alurt•said; and iii the e~enl any sum
~ of monty become~ payabic vnder such policy o: poGcies s~~d I,IORIGAGFE shall have ihe opt~on 10 ~receive anJ apply ths same on arco~n~ ci ~he indebteJ-
~zss Sccured hcrcby ur t~ ~~~~rm~t Sa~d 1.luRiGAGOFS to, ratci~a ard u5e it or any F,.vt U~:•rc•u) lor oti:••r pur~ cses. ,•nth~.:t tli ~r~ u; ~::~i~i,~:~ o~ ~n~p~,u- .
inc~ any cqu~ty, lien or right under or by virluc of Ihis mcr'gagc; and in Ihe evem sa d MORIGAGURS shi'.I fo~ any eeason (ail to keep ttic sa~d prem~ses so ' _ '
insut~d, o~ fail to d:fivcr Ef~omptly a~iy o( sa~d polit~,~s of insu•ance to aaid h10R1GAGEf, oi f.~i{ p:omptty to F:ay fully any premium Ihciefor or in any ~
respect fail to pcrform, di,ch~~ge, axecute, e(ku, comples~, co.npiy wirh an.l at~;de by ih.s covenanl, or any ~:~,t liereof, sa~d htGRTGAGEE n,ay place a~~d
pay (o~ such insurance or any pert thareof w;~houl waivi:,g or aff~cti~ig any option, licn, e:~uny, or ri;~h~ er~drr or by virtue of thls Mortg3ge, and tht
}utl amoun! of cath ard c.ery such ~a~~~iant sLa1! be ~n:n,cdu/cly due and Fayablr a~~d shal~ 6c~r intcresl from Ih~ date thcreof until paid a1 the rate ol
nine pi~t ten!u~n per annu~n ~n:l tog_:L~-•r L•:ith su:i~ in!erest shali k~o s~~c.:re:l I:y the lien ol ~his mo:tgaga .
d. Tc~ permit, comrnit or suHer ~o v~as1~:, im~%air~;~ent or dcler,orat~o~i oi saiJ prcpcrty o? any part the~eof. ' ;
To pay all and singula~ ~he costi, chatges and expenses, irtlud'uig d ff~50~13F)IC attomey's fee and costs of a6sirads of fitle, inc~rred or paid at
any tin:c 6y said h'.OR1GAGfE, because or ~n the ev.>nt of fh: (~[fure on the pari of ihe sa:d h10RiGAGOR to duty, p~omptty and f~lly perlorm, d~scharge.
EAec~te, effet~, com~~iete, comply vr~th and ab'd~ by e3ch ar.d every the stipvlalions, ayreeme~ls, cond~tions, and covenan~s of s~id proaiissory note anJ this
mortga~e any or ei~her, and ea:d cos~s, char~~s .+~~J •_xprnses, each and a~ery, shall !k im~ned~atrfy due and payab~e; whether or not ~hera 6e nofice d~
mand, atten,pt to coi;ect or sv:t pe~~d:ng; and ~he iult amount of eacli and every svch paymeN shall bea~ interest (rom the date Ihereof until paid at the
tal~• c~ n~~~e E:er ~en;e,,,i j:~~r .;cuu:~, a~:c!-ail sa!d cosrs, ch.r~t•i an;i cf;.cnties i:x~rred c~ pa~d, toyather ~vdh sudi interest,_shall be secured by Ihe lien of this -
mertgagc. .
b. ~hat (a? i:i the eve~t oi any 6reach of this Moriga~e o: detat~'t on ii~~ p~rr ef tlic 1.tORTGAGOR, or (b) i~ the event ar:y of SL~CI sums of n-~oney
- h~rein referrd to be not pro„~ptiy and fult•/ paiJ •,vithin ih~~t~ t3il? d:ys Rexf aircr ihc sa~ne s_•verafly become due and payab?e, wi~'iout damand or notice, i
o~ (c) in the event each and ev~ry the s~i, u~otions, agreements, cond~r;or.s and covenams of sn:d promfs:cry note and th~s moitgage any or e~ther are not - ~
~uly, ~.ro+nptly and 1~}ly pcrfonr.rd, d.zcfeara•;d, e~ec~ted, rlfecte;l ccm,.~eted, co~nyi:~d w~ih ard a6ict~d hy, then in e~ther or any such evem the saiJ ag• #
, grega!e sum mentioned in sa~d prom~ssory r~~te ti.en ra:~»ining unpaid, with interr;~ ,:cuu~d, and all moneys sec~red hereby, siw11 betome due and pay ~
ab:e forth.vith, or th=re3`ri•r, at the op!~on of s~'d t.",U2IGAGEE, as fuiiy and cc~r,~,icaehy ai if a~! of. ti~< saici s~rr,s o( money were oi~ginally ti~putated
lo be pa'd cn suct: t;:y, anyil~in_~ in s:~.ci F::om:ss^ry n~te Gr in ti~is fAortgay~ to Ih~ contrary notwi~hstar,diny; and thercupon or thereafter at the option of c ~
said MORTG~Gi.E, v.~r}:out nonce or d:~nand, sc:t at iaw cr in rquity, therefc:re er :hercaher hegun, may be prosecuted as if all rnoneys secured hz~eby
had matvted E~nor lo ~ts institv!~on. - - . , _ i
' 7. ih.-n in tl,c ev.~r:! tt~at at ttr_ bey:nning of ur at an~ f~~r.•_ pFnd~r.y any su;i vron this 1.brtgage, or to io~rclose it, or to reform il, o? to enforce }
~ ~pa~m;nt of any claims he~e~~cd~.r, :oid r.10RTGr.::l: sha?I apF,:y to th~ C•~u:t ha~:~cg i~:i:d ction ti,.reu1 /nr th~ appointment of a Re<eiver, such Court shal~
(orth.rirh app.~int a rc-cei:er of sr.~d mortga~c•d pro~:t•fy all and sif,g~~~a~, i^clyd ny .;~f z~~d s~ng~tar the income, prof~ts, issues and reveno2s •`rom whatever
sourca der~~ed, ea:h ar.d every af Lv}~c~~, i~ tr;ry .•Ypress~y und=_•rstoeci, is hercoy r.~c~t~a~ed'as if s~t~fitaL'y set forth and destribed in the graming and
habe~idum c!avses I:ercut, and sucF. Recei.~er sha11 h:.e ai1 the broad a:,d eifecr;ve fe•;c'~u::s ond powers in any.v~se entrusfed by a Cour1 to a Receiver, and
' wch appoi:vme+U shall bo-made by such Cevr! ~s a*~ ad:~~ined equity a^d a mattc•r oi a!,sc;~te r~ght ~o seEd 1h02iGAGEE, and without reference to Ihe
adequa4y or inad~~quacy of th; va!v~• of ~he property ~:or~a~grci or to tl:e save:~c:: a~n:o:~•cnc~ of said 11;0^niGAGOR or- the defendants, and that svch
rents, prcFits, ir.come, issues end rever.ues sha?! be apj;l:ed 6y s~ch Receiver acco:duia +o tFe lien oi eqvity oi said fAOR7GAGEE and the ptattice of such
CovrL ' _ .
8. To duly, p:emptly and fu1~y pCtiOrm, d~sch3.ge, execute, effect, co^-,plete, ce:~~niy v:~th and a~ide by each and every the slipulations, agreements,
. cond~ficns ar.d tovenants ~n sa~~ o:omissery no~e and th's mortgaye set fo~th. _ ~
2 TF.at in ~he ew_nt thc o•hnc:ship ef the mortgaged ~~rc~mises, o: a•,v par~ tnerief, Lccomrs vested 'en a person other than the 1110RTGAGOR, the ~
h!ORTG~GEE. i's s~~cc_ssors at.u ass~,i~is, nuy, r~~~hout rv?~ce fo the ;:.Qtii•'vi.On, de~f wi~h such suctrssor or suttessor in intetrst with reference ta this' ~
mortgage a~:d tft~ J_ol t;ereby sec;~red in the sa:r,c n:anr,;r as .vith .`.~ort~ag~r •,vithout in any vtay oitiating or d~scharging the 1.'lortgagoti liability hert
un;ier er upon the d~:bt h~reh; sccv~cd. tio s?`e a( ~i~~ ~~.re•~:~s• s hcreb~ ~r,nr!gaged o>>d no (orbearance on the part oi the /AORIGAGEE or its s~ccessors ~ `
or ossi~ns a~:d +~u e:fen>:an cf !ti. ~~r;~_ f,• t6e c.~yT.r~,+ oi tt•r debe hs«t:•y sscured g~~•en hy the tdOR1GAGEE or its successers o: assigns, ati~ll operate '
_to re!ease, d.sch;rge, rr.odify ct,ar,ge cr afie.t tl:e or~
~:nai t~ao:!~ty of the 1.'.GRIGAGOR I:eiain, either in who!e ot i~ part. - ~
10. !t is spr:;fic~ti~ ag~eed thes time is of th~ esstn:e of 1V~~s coraract and that no waiver of any obliyation hereunder or of Ihe obligation se-
;
eured h,reby sha'; at ar.~ tir.;e ~h~veafte~ 6e he'd to be a v:,:iva: of Ihe !e[ms h~reof or of th•_ instrument secured herby. - ~
i l in a:f:i t::~~ rn, feregc.'~ ,•.or.!h'1 r.~y:n._~:s of p.i:,c pa' -?r;d i^r::est requ~:ed by Ihe p•o~~;ssery no!e s:cured herebi, mo:tga~or eovenants i
and 3grr-~s ro ray to r~c~~~:g~? :•:~th eac~ m~;vh~y ~;ai~ :er,a an qc!d:~lonai su:n es!:~~ated b/ n~ortg3gee to be eGual fo 1 f 12 ~f the annuat cost of the follovr
- ii~^y: - ~ _ - ~ . F
q-A~I reat E;rop•r•rr ta, ~s ~e.•~~:.' e• ass~~~s_:t a_::i ~st ti;,~ abo~•e uescrr;•;d real estate. - 3
)
6.:~m.u~~:; n;-, 'r~ and l:•:~:.is;c.,.: ~rz,~r~cc•. as ~,cre:n r. ~~~:rcd te l;c. c~~r:~d en !he im;:rov~me~ts situate on the above d=suibed premises. ;
C--Pren,~:~~•s on s•:ch ~-~o~tg,ae :~a•:nt: inzvr=:.ce ..s ~ne•tgagee sh~;~ (ror. r r.e ~o tine de~m fit to carry on the loan secured hereby. ~
A',or!~aae~ stia~l frn,n ~~~r.r tr~ i; n;:~~i; n:cr~ag•_r [n wr;ting of the a~cou~t du= a~d p.3yabte hereunder and such su:n sha.i th~reupon be due and ~
paya6'•e c~ !n:, d~-_ ca+_ ei ir~ ~~~xt mor:t^:y ra;~~~enr .vzd each su,cessi~•e month ti~::eai~cr urti9 mort~agee shail nbt~fy mortgagor of a change in such_ ~
amour.t. Such su+ns s1:a 1 bc ac~~~!icd by m~rrg;a,< :c::_~•d ~Fe paymen~ of real p:cperly taxes, insvrante pren;:ums, and mortgage guaranty insurance ~
~..re:ri~ms. ~ . - . _ i
It~ \VlTP]E55 L^:HEREOF, t e sa:d :tiSOSiGi.GC3 has hereu:ito se! his har.d and se~! the day and year (irst aforesaid. !
ne , and eiir•e d in the presencc of: ' .
'FIIEL :.ti: 6:EG.t}Ft{!ED o • . 7=' (Seal)
. - ~~~'T.iUC'E_.:,O~ti~i'Y~.ltA.~, To e~~f n. L 1?onte~ a Sii~n1P ~~~~llt
~ : f u , i'=+iiitk~
, ~ ~4C~/~_ .~iGGc~L-sL _ ClEit1 i~ cC:)1?~~`..DU~T~` - (Seal)
i ~ pEC~ , - "-0.__ . . _
- (Seal)
STATE OF FIORIDA . ~~_}~.i111iH SI~•~ ~~~yy~~
COU:JTY OF ----St • Ll1C2C - ~ - ~ -
- ~ ~UL-~-..-~3YOI1fL'Y 5
Befcre ~^c pe ,o~a~'y ,~.;:,,,.,;j fl • ~ 1rir31s~ acitt~r _ ~
~es?wiie, to ~ie ~ve(! kno•.vn ar.d knov:n 1o me to be
thz ind<,~id:~ai descr~E_eJ ~ri z~;J •r.ha exewied :t~e iore o:n. inslrun:er,t, and ~ckno.~~ed ed befere me that ~:e executed the s o ttie ur es ~
9 ~ 9 .~~ne..f. t~ P P~
- -J '`f~- ~
there:n expressed. G
weie-oi~},~-aeid ' ~pq~+}s~~a~Srife:Md-~i~ive~e <
eR~~+?w.~tion-b~-:w~ rs+e~rxp~.~~erd•esxt-fr~c.r~xrxid-tx~~b~d,--aek.•,swiedg~d~o~end-bef~re-me-ll~a*~he~keciiled-c«i'eNiwei(~~f~~ehr:~w- - ~
wciJ fa~rd..~e::tbout ~~y..co•i~~:cioz iortit~Sr~L i;.~sehse~.:aa..orley~.c~eE.er_from.her.said bus4a _ .
- ~'l1TNE5S my hand ard official seal this__ g
`2~ ~ay o. ~ . ~ A" D~a~ ~1i_~' ~
. ' ~
_ .L_ i , ~
` ~
- Notary PubGc in and for tha e~4P. oi (1ji~p',' - ~
h1y Comm~sseon expires: ' ,~~~~~'~~c•,~;
Re:urn To: . _ - . ' , ' ~
First Fed~ral Sz~:ir.gs 3 loan Associat;cr.
ot For. r e-ce. ~y }yib~e, State oF fiori3a at ta*~?
fott Piarr~, Fk,-~ila ' ~ ~MFR?;1{r011 ~~ifl~ ~CM• ~7r-~ -
~ - Mndod by M+e*«en ~n 6 Gavd~l _
- This Instrument Prepared By i, ~oberts~ Jr. ~
First Federal Savings & Loan Association -
of Fort Pierce, Florida ~
- _ ~ R_ _ - ~
Checked B • ~
y . $00!(~.c~7 fAGf ~~e~ ~
{ .
. - f
,
- ~
f