HomeMy WebLinkAbout2938 3. To pince and continuou;~y kecp Qn thc t:ui?~i~ugs no:r or he:ealier si~u,~~~ oi se;d !end and cn a!I .q::~p:ncnt and personaRy covcred by this moctg•
at~e, with all pre,uivn,s ihc~con p~:ti in f~i1, fne ~~'.sursnta in ihc ~s~~l sra:~:l.+rJ ~io'~cy lotrn, in a wm a~.pru.c~1 l~; tha t1lVk~G~GEE, a~~J ~vindstonn
insuranc~ in thu usual s~and.ir~J pol.cy loi~.i, in a tu~:~ apEvov~~J t,y ihc 1~1JR1G::Gi E, i~ euch co~i~~~any o~ ea:n{»n:es as thr MQRiGAGEE may
direct; and all (ir~ and w~nJstorm ins..~anca po!~c~~•s en any of s~~.~ bui:d;ngs, any inlerr.t therain ar parl tF.•rcof, in the .~99rega~e su~n aloresald o~ '
In eztess Ihercof, thall :e~tain tt~v i,su~l s+a~~:iud moct~:: ,?e u~ui^ cr su;l~ o~hr+ c~a~se ae the Mo::c~a jee may ~tc{u:fC. ma'..ing 11~c ioss under s.+~d poli-
eies, ea<h and every, paya~:e w said ,ti1GR1G:~GEE as its ~ru~•r.st n:;y ay>pear, ar;d r~ch a:~d e~t~y wch E:o';cy sl,.,:I bt ~:ron:ptly ,ssg,~id a~~d delivcrcd fo
any held Uy s~id t:,ORIG.4G~E as fu~~h~~r s~curi~, ~o s~~d ~~:o:~~aga deb+, a;~J, not t~ss ilwn ~en (10; d~ys ~n adran<_• o( ~he expirai~o~i of each pafty. to :le•
liver to said AtORiGAGEE a renewal ILarcof, togeth~r ~vith a rrce~pl tor the prr nlu~n of such re~,er,al; a~~d tt~~•r~ shall be uo i~~e or ~v~~~dstor~~~ ~nw~ance
placed on anY of said buildings, any ~n~rrest the~e~n o: part ~~~e~eof, u:r~ss in ~ho son~~ and ~.~.~~h tha Icss payab!e as afaesa~d; and the e~ent any sum
o( money Uecomes p~yab~a under such pef;cy or po~;cies s~:d h10RiGAGEi sha11 hav~ ih~ o~~tlon to rect~~~e end apply ~ha same on acco~m of ihe indehted-
nesa Secur~d herCby or to pernut sr.d /.10RTCiAGOCS to ri~ci•ic~ .tr,d use it or an~ i.~r1 tt~ar~~ot f:;r o:~;c. ~:ur! oSfS. `:::Ii~OJI th ~n a; ~.ti ~i.in~ ~r nnp.u:-
ing any equ~ty, lien or ~ight under or by vi~tuc of this moregage; and in Ih~ evc~r.t s~ d AIORTC:,AGORS sl~:,!I (or o:iy rcason fa~l to ketp the said premise3 so
insur~d, or (ail to d~•~i~cr pro+nplly any oF iaid {-o;:c~es ef insu; ~~,cc tc, sa:d A'1021G.~l:lE, or fai! ps.:~nptly to pay tufly any prennum therefor or in any ;
resped (~~I to perfenii, d:scha~qe, ex~•cute, ef(eil, to:ry:rt;:•. co•t.piy v:iih 3:id ab;de 6y thls cov~~~.+nt, or any p~rt ha~eo/, said h1GRTGAGFE may place and ,
pay (or such ir.surance or a~:y prit thc^:eof v~ithout ~~:aiving or affecti~:g any o}_tio:i, lien, eq~:t~r, or ~~ght u~~d:r or by vir~ue of ihl: Alortgage, anJ Ihc _
(ull a~nount o( eath and every nch E~a~•mont si~atl L•c i•~~~nedejtcl j C~U: 3~1:I ~3.1)']I;!e ar d s~~rH brar intcrrs~ fro~n iha date the~eof until p~id at Nia r~te oi
nir.e pet centurn f.er ar.nu~n anc! !c3r~h:r ~.~irh s,~ci+ int~~:cst <l~~li E:e :':urrd by Ihe I:en of Ihis mortgage. ~
d. To permit, tomr.iit or sutfer no •,v.;ste, in,pain:~e~.t or d~t.v~crr.t;o:~ oi sa d pro~~crty or any part thcrcof. ~
5. To pay ail and sinyutar Ihe costs, charges and e~pe~~sas, incli~ciing a reaso~~ab!e aUOmey's fee and cos~s of abs~rads of title, incv«ed o~ paid at
any tin;e by sa~d AtGRI~'AGEE, b~c~use cr in the evc~~t oi tha fa tura o~i ~he Pa~~ ~~f ~ha s ~Ed AlORIGAGQR ta du~y, pron~~ztly and fufiy perform, dischsrqe.
- axecute, ef(ecl, ce~n~lete, comply ~c+~h and ab:dr by ea:h and every the sGp~la;,an;, agre~~~~ents, conci~tions, and cevenants ci said promissory note and th~s
mortgage any or e~~her, and sa.d costs, d~a+g~s a+,d ~~~ens~s, each a~~d evcry, shati U~ ~+~:n~ed~rtefy due and payable; whether or no~ thc:e 6e notice d~-
mand; atternpt to co:~ect or Suit pe~zding; and th~ full a:no~nt oi e~th and every sv:i~ paymeN ahail beac intcrasl from Ihe date tiiereoS until paid at tiie
r,~te o4 n~ne pcr :~n;~~n E,tr aa~nu:~r, a~~~ a~i sr.d cc.st;,_~i~3:~~s a:~~i cx;,cns:~s I,xurr~•d er pa~d. toc~etl:ar •.v~th su:h int~rest, shall be secored by the t~en of this
- mortga~c. . '
6. Thaf (a) in thr event of any brcach of ~h~s o~tgaga or dafautt on tl:e ~.~r~ ef th~~ MQRiGAGOR, or {b) i~ the event any of sa:d sums of money
herein referred to be n~t picmp2ly and (utly paid i-.~!hin th.rty (3J) 4-1j5 r.~.i a~t~~r the sa:ue seve~a'~y oecome due and payable, witt~out demand or nolice, _
or (c) in tha event each and eve~y th_ stipviat~ons, a3~eementi, cond~~~ec,s ~r.c~ covenams of s~~d pTOmissory note anJ th~s rro:tgage a~~y or either are nof
~uly. FtOmptly an:! !ui!Y ~:er~orm.<d, d schar~•-d. _r.~cutad. effect~d. tt:~:i~,!etcci, cc-np: ~~:1 ~v~tn'and ~4.+d•_~ `~y, then in e~ther or a~y w.h rvenl Ihe saic~'ag~
gregate surn meroio:~ed in sa:d p:om;ssc:y not< than r~rmainir.y ~npa:d, v,itn in~e~e.t ~cui.ed, and atl meneys secured hereby, shall become due and pay
ab!e forthwith, cr iher~3fte•r, at !h_ epr~o~ eF ss:.i :.'.O~1G~G~E. as fuify ar;.; c:r.nu'~~e:y .is iE alt of ~h~• sa~d sums of moncy wcr,; origina{fy s~iputated
to he pa:d on svch d:,y, ~nyth:ng ir. :~.u pro.~~:sso~y nate or in tt:~s 1.1,ituag~ f:~ t':•~ ;antrary not:~nhstand~ny; and ~hcreupon or thereaft~r at the opt~on of
. taid MORiGAGEf, v:~s4,cv~ z~oi,ce or d_mar,.i, s.J at l:,w ar i~i eqv~~y, thrre!o~c o~ ~I,errairer be~un, rnay be prosccuted as if all moneys secured hereby
had matured pnor to ~ts inst~tut~on. ,
7. Tt:ar tl~e e:_r;t ~h,t af th_ beyu~n;r~g ~~f or at _ny fi:r.a ~:r~~d:~.3 „•~y su~f v;~nn th~s ~'•orr_~age, cr to foreclose it, or to retorm it, o~ to en(orce _
payment of any t}aimz he:evr.d•~r, s~i3 ;:'.oc~c:...- _ s~~a'i af;ply to t^~ Court f~.y. r•g ;~•~~d tr.on thcrcol {or tha aFpo~ntment of a Recriver, such Court shall _
fo~thwirh appo;nt a r:-ce~•.c: of s.~icl n:e:!g:~;cd ~:c, r~; a'1 a~i s:.^.yv~~r i~.~.:.::L~;~ .,il .:nd s~n3u'•>_r ~t•.n inco,-,r, proSiis. issues ard revenuas from whotever
sovrce deri.~:l, e~ci, an:! evary cf ~•.ti ci~, „ t:e.~:g ~,};r:•ssy c~d_:s!cod. ~s he;•:~~ n.;.;:y=:~_~d as ~f spe:~i~ca!ly set forth and descr~bed in the granting and
- hsbendun~ c'avses.nerz-of, a~~d s;.ch Rece~ver s~ a~ 1~.~:~ a;: th•, ~ro.:d a•.^ ei~e:`.r 'u~:c• o::s 3nd po~•:ers in anyw~se entrusted by a Court to a Recaiver, and
such appoin!n:ent shait tv znad•~ .~-,y s~•ch C~urt .~s a.~ od-~if!c•;3 ce~u+:y ar.d a n3~~_~r cf :~~sali~te ~ight to said A10R1GAGEE, and without reference to the ;
ad~qu~cy or inadeqvacy of the va:ue oi ~he ~.v;;_~;~y_n,c:!aayed or fo ~i~-• so..~ ~icy c•r ,~~u:vency ot said I,~ORiGAGOR or the defendants, a~~d that such =
rents, profits, income, i_aucs and re~ccues sh.~:: be ap~•4:ed c,~ such Re:~iv~-+ ~..~~u:~•_r ~o ~ha iien or equity of sa~d h10RiGAGEE and the praUice of such
~ C'ourL
To duty, promptly and fvi!y per:`orrn, d:sch.arqe, exec~~te, etfe:t, complete, cc~n;;l~r v1.th and a6ide by each and every the st~pulations, agreements, -
tondiuons and eo~enants i~ sa.d prcmisspry ne~~ an~ tnSi mar~ga~e s~t forth. ~
- 4. ihat i~ the event the o~vnersh~p of th~ ~nc•*! ;aced pre:~~~szs, ot a:.y part therccf, L•eco:,~>s vested in a pe~son other than the MORiGAGOR, the ~ i
1.'.GRTGAGE~, i~s successc~s ar:;l ass:yns, lnay, ~~!+j:~_~t e:cticc e~ th: :',O~~G:;OR, deai v:;rh svch s~ccessor or successor in ~nteresl with reference to this ~
mortgsge and the d:-u~ hc:eLy secured in t6e s~~r,c mar.~;cr as •.~~ith ?.lortg~go: w~thout a~'ry ~vay vitiating or discharging the hlortgago~s' liability here- s
uncier or u~.on th3 dcbt 1~_re~y src~.rcd. ~+o s~i~~ of thr Fre:r.ises hereb~ n•crtga~ed ard no 5or't~.ear~nte on the pzn of the l.50RiGAGEE or its sutcessors
or assigns ard nv e~~ers:on of ~he rirra for th~• p~~n enr vf ~he dcl~t h~neLy sec~:ed given by Ih~ P::ORTGAGfE or its wccessors or ass:gr.s, ahall operate
. Io re!ease, d~scharge, ~r.ociify tF~ar,ge or afFecr tr^ cr~~;r..~? liau.l•ty ~f the f:.OI'IG4Gl7~t here~n, ei!her in whole or in pa~t.
10. tt is spct+ficat;~ ag+eed tt,a~ t~~ne ~s oi th~ essen:e uf th:s co•~trzcr and that r.a waiver of any obGgation hereunder or of the obligation se--
ttred hcreby sha't at ary tin~e rh;rea'fer !;e lee'.d to bc a:varre: of thc ferm.s F,erec.i cr of tn instrument s~>cured hc:by_ -
Il. In .~;i:i:t[o~ b th_~ ierPgo'•-g .no.,e~:'~ :;..y..~.,:!s of ;r,::c;~ai ~r.ci i.e,res' reGuacd by the pro•n;s:cry no'e secured hereby..n.a:igagor eovenanls ~
and ag~ecs to ;~ay to n~o:'_~=_^e _:_~r ,;~,~,•h'; r:.j,:.~.•~::t ar~ a,id.r:r.r.a` sv::, .;r:~:~!cd 6~ n:orrgagee to tx equai to 1/12 of the annual cost of the follov~-
ing: .
_ A-All reat ;:roperty taxes !evir:: o~ ass^s<,d a~3i~.st tF : ae:o:.: ccs•_•i:•_d ceai es*~!c:
6-P:en::v rs o i f~r., arJ .•.~r.azs~n„ ~ns:;-~: c_ as i~c•e;n r;~c~~:rcd ~c b-• ca-~~• o cn :~e i:r;:roveme~ts situate on tha abuve d_scr~bed prealises.
C-Prer.±i+ n•s e~ s~~; ~:ortg.;ge r,~a~snty ;~wrar.c^ as ~~,~•tgacee sha?i frcm t~,e tu :~rn~ dc•em fit to earry on the toan secured hereby.
A!.ort3agee vha:: ~-c:n !~ma to t:r~e nor~~y r:cri~,3:r ~n •:.+;r~r:g of th~ a•r:ou~t do_ and p3/ab!e hereundar and suth sva~ shaIl thereupon be due and _
p~yab!e on tne :i•,;e ~at= cf th= i:ext +:~aotht~ t~ain ~~.~r and e.xh success;~e me~th t:.ereaitar u,:til mcrtgagee shall not~fy mortyagor of a cfiange in such
' a•~:omt. Such s.rr.s sha:l te acp:~~d t~; mor:3~_.e re::a.c the p3~irer.i Of real nrece:~y taxes, insvrance prem:vms, and mortgage guaranty insurar.ce ' _
SN2n:i~. ns. . - - . ~ . . - -
!N ~'1lTNESS V:~'cfi~OF, tne sj~d N.uR7GAG0~ has h=revnto s_! his hand and sca~ the day and year first aforesa;d. . -
S+gned, Seated aa~' de!ivered in the presence af: ' _
~ _ - F1LEG kt-~ :~~.~it7ED / (Seal)
~ ST. ~J:ii_ ~~.ly~Y FlA Gary . e e i
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. - Seal
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r~• •
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.v ~
~t~i ~ C',.r: : i cj ~l Q
x~~ t~ (Seal)
- ~•r~ ~-.-c tyy='_, ~ an E, Steele _
. . . _ . (Seal)
I' STATE OF FIORtDA ~ SS. 2V ~ ~ 30 'r~ ~ -
' CQU."JTY pc SL~__- ~.U__~ le _
8efore m° perse.^.~:iy ae,,e:red _Cidry_.1, _SL6e1@___ _ ~ and
i?
_ ~Vc'lI1Cy E. Steele _ hls wife, to me v:etl knotivn and kno.vn fo me to be ;s
the ind~v~~ua`s da~sc:+brd in and •.rF:o execu!cc: th: foregeeng inslrumcnf, and ackno.tiiedged before me that theY executed the same for the purposes ~
II th>rein expressed. A~d ih~ S~~d___ ~aney E. Steele _ • `
i
.vife of the saidG_~IS/_ S~Q~le , ~pon a separate and privatc ~
exam.+nat;oR by mn ta<en separ~t: and apart from her sa~d husband, atknov:ledged to and beinre me thaf she executed said instrument fre~ly and volun- ;
tarity ar:d w~tho~t any compU's;on, consrrair,t, a~:preh~r.s:on-, lar fea~ of or from her sa~d husba.:d.
~ V/lTtiE55 niy hand and offic-al seai th~z_-~!~!_`_ day of ~ ~ia , A. D. •l4 ~5
Notary Pub!ic in and {or the Stat f Etorida t largs
- 15y Comm~ssion expires:
Return io: . ~ / f~
first Fe:~eral Savings b. Loan Asso:it,t:on ~ <
Of icrt P.e:ce. ~ - -
- - forr P~e,ce, Ftc:~de ~ -
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This Insirument Prepared By John Col l ins - =
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First Federal Savings & Loan Association : ; ~
of Fort Pierce, Florida p R r' 4~` ~
~39 ~A~~ 2933 ; ~ ~ ~ ~ -
_ _ aaox ' • ~ . _ , 1 _
Checked By ~ _ - . - 'fl ls` , _ ~
. - i ~~,4T.
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_ - k~}
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