HomeMy WebLinkAbout2440 3. To place and <ont~nuously 1.eep or tt:e bui!ilir,gs now or I~ercafter sit~atc c~ sa;d ~and and on atl rqutp~nem and personally covvrrd 4y lhis mo~Ig•
age. ~vilh all pr~miu:r,s th~•reon pa[c1 ~n fu~l, fi:e ins~r.,nce in ~he ~,su,~l :iandsrd ~~.~!~cy iorm, in a sum a{.~>~ored by the ~dORiGAG(E. and windsturm
insutarce iii Iha usual stanil.+rd poLty For,n, in a:~m approveJ by iho MO41Gi~GtE, in such conipany or compsnfei js the t:.ORTGAGEE may
direct; and all lira a,;d ~~~n~lslcrn in~ur~nte~ polic~es on any• of sa~J bui!d~ngs, any inte~etil 1he~ein er part thcreof. in Ihe aggregale sum aforesaid or
In ezcess ihereol, slwtl com~in ~i~e vsval s~a~~darJ mo~r;~.jgee ci~~~:e or sucn other cL,us~ as ~hr Alorigayee may reyu~re, maAing ~he (oss unJer sa~d poli• E
CiOS, edtft antl ivery, peya:~!~ lo saiJ h`.~•RTi:~.GEE :,s its int~r.~51 m~t af~pear, an~l <~.ith r•~~tl cvery SutF~ E;~!iCy Shal) L>e prom~~t~y assg~~ec1 and c~aliv~tetl to ~
any heid by said h10RirAGtE as (unhcr s•:cvci~y to s~ld n~ortgage dcbt, ard, not !eu thsn 1en (10) d.~ys in ad~ance of th~ expi~alian of each pol(cy, fo da- ~
live~ to said h10RiGi~GCE a rencv:al Ihereof, t.x~c•th~r ,vnh rece~F,t f~r thc pr~•~ru;:m of sueh renetial; and ~h~re shall be no fira or w7ndsto~m insurance
plaeed on any of said L~~!dinc~s, any in:crcit thercin or par~ th_r~~oi, un!ess in th~~ ferr and wi!h the loss payai;!c as J~OIGS3iCI; and in thc event any Sum ~
of money becon,es p~yab!e vnder such E~olicy or `ol<<ies s~~d 1.10R1GAGEE siiail ha.e ~t~: opt~on ro receive aiid apply tiia same on accounl of Ihe indeGted- ?
nC3s si~tweJ hereb~ O~ to p'rr:nil said f.SQRiGAGQAS to rctrive and use if or any ~~a7~ tl.~~rcol tar o~:',•rr ~~ur}'osi•s, v:i~hout th:•r~l,~ :v.ii,~.~,y cr i~npai•• +
ing any equ~ty, I~cn or righl ~nd_r o~ Ly virw~ ol th~s o~o:7yage; ar.d in Ihe evert s~~d A1:~RIGAGURS sh.311 {cr any rc~son (ail to k«p ~he said pre~niscs so
insvred, or fail b drGver rrompily any oF s~id ~~c!.c~rs of insur~nce te sa~d 1.IORiG<.GEE, or fail promatly to pay fuily any pre~niu,n Iherefot or in any ,
respect feil'to perform, d:sch:r~e, eYCCVt~~, elfect, con~N;et~, co:nply wi~h anJ al,Idr 6~ ih~s coven,inl, or any part h~teof, s~~d 1AORiGAG`E rnay place and
pay (or s~ch inwr.incc or any F~~rl Ihe;cef ,r.nhout ~veiving or effrc!in~ anr o~t'a~i, lien, eqv;ty, ~r ri~ht ~~nder or b~ v+r!ue ot ~his hlerte~aye, and Ihe !
1u11 amour~t o( each and evrry si•ch E~aymem shail Le ^~n:ecli~tely due and }~yab!e rnd shall b~ar interest fran tha date thcreof witil paid at Ihe rate o1
_ nine ~,er centum ~:er snnu:n a:xi to~e:h.:r ~•:ith s~:lt in;e:~:~t sh~:i L~~ sc•:ured by the iien of th~s m~~lg3g2. .
4. To pcrrnit, commit or sutier no v.astc, in;pairmcnl or d:~teriorat;on of s~~~l p~cpe~ly or any part thereof. ~
5. To ~~ay all and sing~l3r the ~ests, charges and r~epenses, inciud~nc~ a reas~nab:e aflomry's fee and cos~s of abstracts of title: incurred or paid al
any 1in:r by sa~d AtUR1GAG;E, because or in tfie eveni c` th~ {3ilure un tht~ part o( ihe s:,id 1.1p:QiGAGOR to duty, p~on~ptly and fuUy perfoFm, d~scharge. ~
execute, effect, co~np!e1e, co~r.p}y w~Ih and ab:~le by each and overy the st~pul~+* • , agree~n~nts, co~}ddions, and covenants of sa~d promissory note and this r
mortgagr any or e~ther, and sa:d costs, charges and cxp~nses, each .nd eve~y. •~.~'1 br i~n~r,ed~atety due and payrb~e; whether or not there 6c notice d~
mand, atte~npt to col;ect or su~t peod~ng; and the full amount oi each and eve~y wcn payment sholl bear in~aresl trom the date thereof until paid at the !
r~,e oi nim~ uer c_r.~~+n F.~v a~~nu:n; c,nd aii ;a~ci c.•srs, cha~g~s a~~d ct,_en:es S~u~~;:d or paid, togelher wnh svth interesl, shall be set~red by the lien of th~s ~
mortg~ge. . - -
6. Th3t (a) in tha er•ent of any breach of this hlortgage or d^fault on tl~~ p3rt c>f the .',ORTGIGOR,~ or fb) in the evcnt any of sa'd sums of money ;
harein reierre+l ~o ba not pron:plly and tuliy F:a;d ~a~thin ~h;rty i30) days ~ext a+r•_r ihe same se.erat,y Leco~ne due and pa/able, withauf' demand ~r notice,
or (c) in th~ event each and every the st~pulat~ens, aare_ments, cond~t~.:~s and covenanis of sa,J premissoiy note and th~s mortgage any or e~ther are not ;
~uly. fxomprty ar,d ivlly perfenned, d s:harg_J. e~:rcutcd, effe;r~d, co;:,p~=_;•~d. c.~n,~.i!ed v:;it~ anci at~ded ;y, tlien ~n e'.ther er any such event ~he said ag• 5
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gregata sum me:~tiored +n s3~d pro~nisso;y ~cte !hc-n remainir.g ~npa~d. •.vith imrrr;t ~ccrued, and a~l moncys secured hereby, shall bctome d~e and pay- ~
ab'e forthwilh, er ~hcreaft~•~, at tnc o~~t~o:i, of sj~d !~`.'JRTGAGEE, as fv~~y and cem;~lc-tely as if aIl of ~h~ said sun~s of money were o~~yinally st~pulated 't
1o bc pa~d on wch d.:y, ~,i~t},~r.~ in s~.d y;ro~r.~ssory r.ote or i~z this ~'.ortgaye to th_- convary not::~thstsndiny; and thercupon or thercafter at the option of t
said 1.'ARTGAGEE, v~~:hovt r,ot;ce ar d_n:a~:d, su~t nt lar, or ~n equ~ty, the~eforc or tl+rrealter brgu:~, may be prosecuted as ii all moneys secured hereby ~ E
had matured pr~cr to ~ts institu~:o~. ~
7. Tt,a1 ~n rhe ~v~r:t ~h~t at tha be3~nn'»g ,~i or at any time per.d~~•g ~~~y s!"t ,:n this l.lortgage, or to foreclose it, or to reform i1, or to ~nforte
paymcro uf any c~a:~~~s Fere~r.d~~r, sski r1C~4TGf;C.cE <_t,alt ,cp!~• tq th~~ Court ha.;ng ~u:~ed.ct;on thereof {or the appo~ntment of a Rece~ver, such Cour1 shall
Forth,virh appo;nt a ri-.ci:er of s:;:! r.:or!gaged prr.~ ~il =r..3 s~=~;n~~a~, inc:~;.+ ng aii ard s~nqular 1;,e intome, profits, issves and revenves irom whatever
sou~ce d~,•ivad, r: ch and ev~ry_ o( a.ii;ch. it ~c`C~^y C~F~:f55:y i,nd~rs'oed. is : e:•_u/ c:'ga~;_d as if speci(ically.s~1 forth and described in the graNing and •
habend~": c~auses her•~o~, and suth Receiver st~>'I h~•:e a;l ~h•_ 6rcad and eifect~v~ fu•~ct o:~s r.r,d po.•:e~s in anyt~•ise eNrustcd by a Couil to a Receiver, and
wch appointment shail be ~r.ad:+ t,y svch Ceurt as an admist~~d cqu~ty and a^~a?ter of a~~solote r:yh~ to said M,ORTGAGEE, ond with.ul reierence to the
adeyu:,cy er inadequ:~r~ of ihe va;~c ot ri~•~ pru, ert~ rt:c~~gaged or io fh•_ sav~~~:.~ o: ..;:~.ency of sa~d /1,ORiGAGOR er Ihe defendants, and ~h~t such
renis, proiirs, inco:r.e, iswes ar~d reven~es shali be a;:p16eJ by wch Reccirer o,•:~~~d,ng ~o ihe ~ien or equity of faid IAORiGAGEE and the practice of wch
Court.
8. To c?u~y, prem~.t:y A~(~ (u!~)! E:2~EGm, d:s:harge, execute, @ffCCt, COmplek:, <c•~~riy ~v~~h and ahide ny each and every.the st~p~lations, agreemeNs,
' condit~ons and ccver.ants ~n sa~~ pron,isso:y ~ote a::d th~s u~o:tyage s~~ forth. . '
9.~T!~a: ir, the ~vert the J'.vt'@75F1i~ oi t'r.a m,xt~aced pr~~~,~ses, or a:,y part therec(, L-etomes vested in a person other than the MORTGAGOR, the +
h1CRTG:iGE~, its su:ccss::rs ~::d 3SSiy~~S_ t~fdj, ~ti6ehe,u; r.cr,ce to th~ ".".O~TG~O~, d~at ~:irh such successor or wccessor in interzst v:i!h reference to this
mo~tgaye ar.d +he ~'.L>> her~`~y sac,;red in tne sar.:e n:3nr,rr as v nh t.lurtyagor vtiith~ut in any tvay vitiating or d~scha~ging Ihe hlortgagors' liabilily here- 1
ur,dar or vpon the d•,bt 1•;:reb~ s.c:rcd. S:o sa'e c~f ~t:e Fren~~s^_s h~~reb~ m~:tg~qed snd no torbearance on the part of the 1.lOP,TGAGEE or its wctetsors
or asiigns and , o c.as~rs+on et the t~ fc• :t~c• ;;,y:r~:~t of tnz deb~ h~~r~~b f sr:ured g~~•zn hy the l.iORiGAGEE o~ its wccessors or assigns, a~iall operate 'i
to re'ease, d:s<!~arye. ~nod~fy cf~j~~g._ , a!tect t!:e o:+ciinal liat:I:t~ of tne /,:CRTrAGOR t~errin, either in vvhole or in part.
10. h iz s,r.ec-f:c ~:ry agrced ~h3r t~~:~•~ ~s o.' the esser•:e of th~s contrac~ and tha! no warver of any oSGgatton hereunder or of Ihe obligation se-
eured hrrehy sha'1 at anr ti: :c therca{tc: be ~~c'.d ta ~e a YId~V_r of th~~ !erms here~t or of the instrumeM se~ured herby. _ '
il. 7n aciclr.a~ tereqcl~a r:.~~•!;!•f ~,.~~:r^::~s o( p~i~~c:~a! ar.d i:r~r~,~: rcyv~rcci by ihe prom'ssory nc~e sccu!ed hereb~, mo:fgagar tovenanis
and zgr_es to ;,ay n:o-v,:=rc•_ ..;~h e;~_h •,.,,~rhly :,~l;.•._::t ~c?:; r.;n~~ surn ;±eci L•~ mo:~qsgce to be er,w! to 1;`12 of t5e antiual cost of the follow-
if~g: - ~
A--AN .ze~ F,ro;r .!y s~res i~~•. or j~s~ss_.. : y,i• ti:._ ai:o.~ desc i~~ d._31 es?at•=- ~ E
~ o-P::•:;::;,~-~s e~ j:r ~ and v:~r.ds;ori~ ~;.s~~-:~~-ce c~~ i~e: _~;n req~:red to 6e cerr:-d cn tho ;m;::oveme~ts s~tuate on th: ab.ve described premises. z
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C-Pre••:~~r.s e-~ sv_n >rt_ =~a gu.+• ;:+t; irzc-a• as n:o•in ~cee snall f~c:n t^,e to t~me deem fit to carry on the loan secureJ hereby. - ~ a
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h~o;t~;ge; sn=•i frcr, e,,,•~ to ti:~,e ro:~iy rnrr_„g~r ~r. vir:fin~ of !'r:e arro:,~t d,,., a~^d payable hereur.der and such su:n shs!I thereupon bs due and ~
Hayab!e on tF~• ci;:r dare of th~ ~-cxi --:;:,th:~ p:y~»e~;t a:.d e~c}~ SLCCBSStYB :^O.^.th tt:ereaf:~r ur.!il mortgagee sha41 notify mortgaaor of a change in such ?
a~r.ount. Such s~~~~s s~a4! 6~ aE~;.ied ~~7 n~~rtgaq-~~ ro::ard !he ~aymeni of re3t prope-r; tazes, insvrance pren;;ums, a~d mortgage guara~ty ~nsvrance f
_ ~ prem.:~.:rt..s_ - . . ' . . . - i
' !tJ `:.Ii~:E55 ?.NEREGF, :t~e sa`d 1. TGAG~s has hrreu~~~o set h~s h~nd and se~i the day and ar first aforesaid. i
S~g~ed, Sealed ar.d de'.ivered i tFe~p! ence o{: , '
- t. _ i t;V~t~~t) CLrn 1.i1.~~ ~
. - - f:LE~ , i TY FtA. (Seal) ;
- - - 5T_t•~C~t i•t~-~Fa~ erman E. `.elson l~a~~ ;
v
q:r r
!r;'_ /x -`'c=~~- .r~--= - - r ~ E}~ 1. : ~.n~R ~'T~rL , y l(14>~. (Seal
2~~`'~s~-~l-- (Seaq
=.,~~r- . _ ~anet A. Nelson ~ ~
v~
7
STATE Of FLORIDA ~ ~ YA~ Z~ Z (.~6 ~i!' 1 ~ ~ _ _ ;
1
COU!Ji'f OF --:St . 1~UC 1P- ~ ~ ~~(7~~~ ~ - :3
~
Befcre m~ p_r~o~aiiy a,-.;,e~~ed - ---------------~$t1e2II~._II__~.__~iQ15(~tl
- and
-~IdI1~-t-A~-s':~'ISOIl his w:fe, to me .vell krtown anif knawn to me to be ~
~he i,-::.,;~+v;'s d~sc::b_3 in ar.d v:no ex~c.:ced th~ fo~rgo~r,g ins+ru:~:ent, and ~ckno.~:edged b~(ore me that they execute~~thb:`~ the purposes ~
~ ' . ! ~ y~~r,~ :
there:r, express~d. And s`~e ssEd-------~~I1~~ • ~e15071 ' {
~ ,
.
v.~tc o{ the sa:d _ ~~~XIl1~I1_~.~~1~4II--_ ' ~,~upon a separpte
2Rd private i
exam~n3s+en b~ me taken sepa<ate an~ arart irorn her sa[d husband, acknov+rledged to and before me that she exet~ited spid turr?qt ,~rest~i_~isd ve:un- f
tariiy ar.ci w~tho~t any cc-r., Jlsion, to^strai~it, anp:ehens:on, or fear of or f:;,rr~her ;,aid huSUand. . ' rv ' U.' - ~
~ ~ E_ < t
WITt.E~S m~+ h~and and eff+:;~t S~2I ,h:s_ _ 20th d~, of_ ' ~ a ~ I~, 1975 1y
. . " •r,. ' t , . ~
i ~
iary iic in and for Ifie;S ~t~,o "FJonda _ lasge ~
- Comm~ssion expires:
Re;urn To_ ~!oiury p;~~.t;~~ ? f 1 ~
Et~t P it~rCdo a! ~ „ - ~
Firs! fedcra! Sa+ings 3 Lojn s.ssetiot;on k7 Coa;fiissl4tti t r',,.,~`,',`,+''
Of fo~? V._.rr., KI~iM ~ie. 1~~ 191'~
_ ~vn~ed by ~eriwn F?n ; Gtvob/ Oti ~
Fort ?ierce. Fleriua . ' :
This Instrument Prepared By J. H. Roberts~ Jr, U~'
First Federal 5avings 8~ Loan Association 300K P11GF~434
of Fort Pierce~ Florida ~
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Checked 8y k~-- - ~
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