HomeMy WebLinkAbout2940 3. '(o pl.icc and tontin~o~~s~~ 1.eep on thv I:~:i'dings ~w•~ cr {,er~aft.r ~i~u~te c,n s.~id lar~d anil on aC oqu~~,merv anel persunally tovereJ by this morig.
e9e, w;th aU prrmi~ms ~hercon E:,~J in ful1, f~r~• i~~s~r;:.c.+ n, thc ~s~.+l sr.~n;i~ il ~o~;c~ torn,, in a e~~~i a~.~,ru,cd Ihr MOR~i~:.GEi. .+nJ w~nJstunn
insurance in ~hc u:~,il st.in:l~~d ~~of.cy iorn:, ~n ~:um ap~,ro.ad Lp ~hr A1C:5TuAGtt. tn such co~npany or Com~:jni~3 as ~ha h10R1GAGEE may
direct; and ~II iira and ~.•;ncls~onn i~uur~nce t:olici~•s a~ any of sj~d bu~'d,n~s, any ir~t~rrst IL•cro~~i ~r part ~herro(, in Ihe a~~qrcgarz wm aforesaid or
in excess thereof, sF~~il :om.jin the usw! st.,•,<i,~a ~norig:~gre c;ause or sv:i~ othcr c'e~,s: as the A!c~t~agee ~nay req~:ee. mal.i~~y ihe ~ois-undrr sj~d poli-
: Ci~S, c3:~1 .1n(~ ~y~ry~, ~),1/aL~'.~ ~o S.liV i~~.~7hTti:~C~~ ~S ~fi i!1t~'t~~it r~13~ d~:F~~'dr, artl .~::(i t~.C~`. •~,~Cf~ F,~f:tJ Sl~,lll l;~ ~)~Or~~~~tly dStcJ~.ec~ d~i~~ c~C!iv~ra'd t0
any heid by said h~ARIGAGEE as furih~•r s:ccr~r; ~o sa;d me:~ga;~e d,~tn, ar.d. no~ !ess ~!un ie:~ (IU; d_i,s i:i ~J+~~:cc cf ihe tx~:irdtio~l o~ each pot~ey. 1o dr• .
' liver ~o said 1.IORiGAGE~ a rener:.,l ~her~~of, w~r~hcr .v;th a rrce~E,t tor ~h_ pr~•:n;ur.~ uf such renr:.a!; a~~d there shall b: na f~ri cr ~.v;nds~~~m insurante
- plated on a~y of s.+:d build~n~s, a~r~ intr~es~ th~rc~n or ~>a~t ti~~ rcof, un!~~is in tho fc~m anJ w~eh tF e icse payabtc a: a(cresa~d; and i~~ rt~e event any sum
? . ' of money becuoirs payaL~'e ~nder s~ch poli.Y or pel.ci~s sald :.10.1`iG.~Gi't sl:ilf ha~~: ~he e~,t~an in nc•~~vc an~l apply ~h:~ samr on account of ~he indrbted•
~ (less sc':ur~v t~~'~i6/ Or to ~;~~rii~t S~:J /.lC2T(i~l,U~:J lo r~cc~i~~ ~1~~;) uif it Or ar~'J i~.trt tii~~;~~~~ i~:r ofi~~• ~.uri~GSc~S. ~•.;t?»~;t tVi~~~i:: .~r ~r~~~~.iir-
~ ing any equ~ty, licn or ri~t~t under o: by virt~a o( ~his mcr`gag~~; and in the evin~ sa d h1p:fGAGORS sha!I for any reason fa~l to kccp ; renusas so ~
~ i~swed. or fail to d~l;vcr F,romplly any cf sa~d ~u~Gt;:~s c•( i:~s~r.inte to s.+'d IdC~RIGAGEE. cr iai) ;xoo~~~lly to ~~ayfuily any pre~iii~~:n Iherc(or ut
~ respcct fdil to {:erfor~n, ifisc~»r~~. rreCUt~`, e((e.t, co~:~~i;~t~~. co:•.~~f~ wi~l~ d:~~ ;,~.~e~_. 1;Y ~h~s t~~tenant, or .tny E>.iit h:r~o(, s~~d r.tOR1GAGEE may plaCe dnd
' pay For a~,ch insvrance or any F:rrt th~rcef ~v;it~,ut ~~:jivi~•g or aff~~.~in~ any eF~t::n, i~~~n, eqv~ty, or rqhr under or b~ virlue of th~s Alertc~ag:, and tht
' _ fuil amoum u( each and e~ery s~~ch paym~•n? sh~f: t~e ;m:r.e~l~~re~~ d.:~ and ~~.~;~t~!~ ~nJ ihail bear ~nt~~~est from Iha elate thercof u~~~il p;id 3t ii~_ rate ol
nit:C F>:r c~•ntum f'Cr .t~~nu:~i ei~ i t i~.,tl~ir v.itl~ s~~.i~ i~it~~~ct ~?i.~~~ s_:.r~~:~ i.y IF.: i.~~~~ ol Ih~s ~nOtl)j~t.
d. TO F~ermit, commit or su((er r0 ~r.~tt~, i~:~p~irin;nt or d_t,.~r~orat~en of S~i~! E.rpF:crTy o~ any part thtreof.
To pay atl and sing~lar the c~sts, charges and ery~ens^s, ~nclud~ng a r~,~so~sb!e aftorney's Fee and cos~s of abstracts of title, inwrred or pa~d at
any ~imc by s~~d MORi~AG?E, brca~s~ or in she e.ent of th•: fa:lure en ti~~ p3~r of ~h~~ sid MORTGAGOR 2o d~:y, pro-np~ly and fully Fa~form, d~sch~rge.
executc, e(feu, com~.t_te, ce~nply ~v~~i~ af~d ab de by each and cvcry ihr sr~pu!ai:o~~s, ~gr,:~men!s, conditions, and covenants of sa~d prom~ssory notz and th~s '
mortgaye ~ny or e~ther, and sa.d cos~s, cFarpes and exprnses, ra:h and every, shafl ~a inu~.~~d~~trly dvc and oayab!e; whe~her or not there 6r not~ce d~
mand, attempt to co:lec~ or svit pan;i~n;; and tt:e I~d1 ai;oun! of each ancl evcry svch paymznl shali bear inrr.ast from ihe dnt~ thereof unlil paid at the
ral~~ ei nine per centwn F.~r a~n,;:n; an~ ail >s_d lOSh. (Fi3t(]~l ::nJ ta.;~eses ~r.cvrred er pard, tugether w,th such intcrest, shall be secured by the lien of thi~
mortgage.
6. That (a) in th~ event of r.~y brrach of this .ti',cr~gag~ o. deEa,,:t on th~ pirt cf tf~e ti'ORTGAG~R, or (b) in thz event any o( sa;d svms of money
herein refrrred to be noi prcn~ptly ar.ci lu~ly pa~d ~~~ti~i,i th~rty ±30; days naAt a~r~•~ ~he s:irue severa'Iy 6etome due and payable, without demand o~ ~otice,
or {c) in tha event each and eYcry ihe s~~~.•u'a~:::ns, agtae:nenl5, CC.^.d 1~ons and covenann o! sa.d promissory nofe and th~s mortgage any or e~ther are not
i~~y, pru:npt(y and fully p:rfy.n:.:d, d,sch3rg..d. exe:utc,+ eife:t~~d. co~:;F,leted. ce:np!:cd ~•:~tn and ac:d~d Sy, then in e~ther or any such evenl the sa+d ag•
gregata wm mentioned in said prom:ssery no!~ then reniain;nc~ ~o•o;d, wnh interr;t a;t:u~d, end aU mo~~cyi s«u~e~ he:eby, Sh311 become due and pay ~
ab!~ forthwith, or thereaft,:~, at the cp•:on r.~ sa:.i I.!ORiGAGE~, as (~!+y and cc~:~p:~~r:y as if ail ef t!~e said wrn: oi money were originaliy st~pulated
to be pa'.d on svch dcy, anyth~n~ tn s.~ ~i rro•n:ssory not? o~ in thi; ;,lorigay.~ to th_• cc~:+rary r.or,v~thstasd[n~; ard thereuF~on or thereafter ai the oplion of
said ~.10RTvAGEE, w~rhout r~ot:c~ or r'~:;,i,,~.,1, s:~~ at ta;: er in equ~t~r, th~reforc or fhereai~~r be~vn, may be prosecuted as if all moneys secured hereby
had marured pncr to +fs inslitct;on. .
7. That in the ev_nt tbjr af ri~e t~-gi„n:ng .~f or at a~iy fi~r.e rend;ng any su:t uFon lhis M.ortgage, or to foredose it, or to reform it, or to enforce
payment of any c~;+;n-,s hereuccl_r. s,•d ~R;G:,G:. shai; ap~ to th;: Cov~1 ha~:~:~ jur~sd ct7on rhereo} for the appointment of a Receiver, such Court shall
Forth.vi'i~ app;.;nt a ~rce~.er of s,,~ci ~.,:•rc~„~~d p;c~e~~~ e:; and su:_~~~;ai, i~~<'v~ny a:l i~~d si~au!ar tl.a inco~ne, ~rof~1s, tssues ar.d revenues from whatever
scurce dcrived, ezcn and e•:ery of ~.~;ilc~~, ir i~._~r.g ~..~:r~ssiy und_•s!:e~i, ~z ~ere~~ nong.~ged as if spec~fically set forth and described in the graming and
hab~ndum cia ~ses 6er~~of, and s~~:h Ree~~.er s4~s , f:z.e a: the b•:.ad .;nd efi ~t;Ye f~~:u.ors and po~~rers in anyw~se entrusted by a Court to a Recaiver,- and
such ap~inlment sha:: b^ m~de by sucii Co~t~ as sr. ad~~tted cr,~~~y a~,d a r.~~ucr oi 3~'S0~~1~ r~ght to satd hIORTGAGEE, and w;thcut reference to the
adcqv;cy o~ inadzquar~ af ihe v3!u. of ih_ p.crerty rr.orfgaged or to tfi•; ~ ~nc~ or ;r.so!vency of sa~d 1110RTGAGOR or the defendants, and ih;t such
rents, profrs, income, iss~.;es and rarer.~es snal! be appl~ed b~r such Rec~~:e: a,:ord:nn to tha lien or equity of said ~.10RTGAGEE and the practite of such
Court,
_ 8. To duty, p~c~pt:y ar.d fuily pe-form, d:5CI1_f:~C, CYECJId, ef.+ect, ca*~~1:-tc, ce,•~~~1 J YJ~1F1 d~1CJ ah~da by each and every the stipu!ations, agreements,
tanditiens and tovrnants in s~~d ptomt55Jr/ nOte ar:d th:s mortg3ge srt fpr:h.
9. That in the eve^t the o•::.~efsh:p of t'r.e m~rtgag=_d pren~~ses, or any ~a~t t}~~rccf, be:omes vested in a person other than the RtORTGAGOR, the
A'•ORTGAGEf, its su:cessors and ass~3r.s, ~~~ay, wf+ho~,; re!:ce fo ~h~ :tORTG;•04, deai •.ti~~h such s~ccessor or s~cccssor in iroerest with reference to this
. mo~tgage a~d tha drbt hcre5y setvr,:~ in the san:e mann~: as v.•ith 1.1.~,•I(~3~0: 'Ni1F~C'JI in ar.y ~vay vit;ating o~ d~scharg~ng the Glertgagors' lia~ility here- '
ur.der c+r vfon tFc debt hcreuy sccre~l. `:u sa;e of ~ rert,;s~.s h~_;roy rncrtgaycd and no forbear~n~~ -on 1he pzrt of thZ /AORTGAGEE or its successor-
- or ass~c~ns and no eater.s~an o~ thc +~m~ ior rhe p~yn-er1 of ti~e d_~b! h~•e~:y sece:•_d g~.•en by the I:,ORTGAGEE or iis successors or ass~gns, oiiall operate
to re?eai?, d~scharg2, modify chang~ or afte~t tne orig:nai lianilkt~ of ihe ~AGCTGAGOk heratn, either in whole or in parf. _
_ = 10. It is spe~_E~c~!1~ agr~ed thar f;n,•~ ~s of tLe esser.:e of th~s cor,tract and fhat r.o waiver of any obligat7on hereunder or oi the obtigation se-
tured hereby zha:i ar any tia,e thereafter ~a t~_°.j to be a~.:ai:e~ of tF.a t_:ms hereof or oi the ir,strumenl secured herby.
11. In a:::i,tEe.~ ro fiie f:~rego>,.~ n,on!!~'y };;.:;,,,nt; oi F~~i:~c-~s' and ~n~,:,c: rey.~:-ed by the prcm'sscr; no!e secured hereby, morfgagor eovenants
- and ag+ees ta pay to ~r.or?g~,~~. ...rn ea;h ~c:~,~te'y ;:~,..,,,f an ad:L~[c^>'. s~~~: c.s•:.,:3ted 6~ mx!u~o:a to be eqval to 1;12 of the annual cost of the fotlow-
ing: . . -
' A--A!I rea! f.rope:ty iaz~s l~~,~c~ cr ~ssesi :l a~u~~.st tn•: ai:~~~~ d~,~~it.cd rea! es!ate. -
6--Pr~n:~u:r.s on fi:e ano •rrL,d>rrri :ns~r,-ce .;s i~e:a;n requ":ed to be carr.ed cn the impro~~me~15 s:tuat> on tl~~ above d=scribed premises._
C- Pre~:~~~.~~-s on wc~ m; rtg,ga e;~~,,r;,;t~ ;czv~a~.ce as r.:~-;ga^y.~: sha:l frc~r: ri~-., to t~me deem fit to carry on t}:e :oan Secured hereby.
ti'.ortg~g_•.~ s~:a;l 'rr,m ~~n.~ r~ ~~~~;e~ n;t,~~~,;~~r ~n writ~r~g of t~e aro~ot doe ond payabte hereundzr and such svrn shalt thereupon be due and
paqab'e on th_ d•;~• cia!e of ti:e n_.<t .~:e~'h:; ;~aym~nt ar,d eath s~~ccessi~-c :ror.~h th~~:eyfte~ ur.~it mertgagee shall r.otify mortga~or of a change in wch
a^~ount. Such sums si:a:i h-_ •'s~p:ied F•~ n:or!ya-,_~ to;,ard ti;.~ F:ayrt,e~:t of ra~l prepett~ taxes, insvrance prCm.ums, and mortgage guaranty insurar.ce'
pren:iums. _ _
I~: ~lITNESS '..H.~cOF, t~:e sa~d T.':Ok;TGr-.G~F, h~s h=reunto set nis hacd and sez3 :he day and year first aforesaid_ . -
- Stgned, Sea!ed and de?iv d in th.e presencc of: - / , "
L ~
- -i- - ~ ~ i ~E C! ~ ~ - E~. v ~ D , ~1~-Cs/'-G - r,
, - ~ $7_ ::i:... :;:r:fti~l$lA. G@Or ~ SIII7, h (Seal)
' (Seal)
` - i j- ~ ~ 1 - f°-= _ Gi~LRT ~ (Seaq
---=--`-4~ . u = , - ' ' = - K .
~ ` - - - (Seaq
~ SiATE OF FLOR A''~ ~ SSMaf 2d 1 i 3a ~M' i J ~/ti~/~~ ~ -
St , Luc ie
COUNTY OF - ~ .
E~efure me perso ~i;• ; eared - G@dY~G _ C ~ _SIIllttl and
.~0~/C@_K• $iIIlt~'1 _ his wife, to me v:ell knov:n and 4:r.oxn to m~ to be
fhc individ~~a's oescr.:,ed in a~d r:ho exccu'ed rh~ {oregoiag insfrument, and atknetiti~,edged befo:e me thaf they execuled_ the s=me for the purposes
therein expressed_ And the ssid__~ _ .TOVC@ K. ST~lt}1
wife of the said - C'eOx9@ C• SIRit~7 " ~ opon a separate and private
exarr.tnar,on by me tak=n s=par~te ar,d anart fro:n her said twsband, acknowied~ed to and beforc me that she executed said inttrumenf freely and volun-
tarily arid w;thouf any compvlsion, constraint, tppreCi~rttil`~' fear of or fror.i her said husband.
VlITPJc55 r.:y hand ar.d off]cia! sea~ th~s._ day A. D 19~_
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- - i
_ Wolary Public in and fo t_ State Florida a arge
- - A5y Commission exp~res: '
- Ret~rn To: `
First Federal Savir,ys 8 Loan Auotist~on ~
f
Of fort P.e:c~. ~ ~ -
' Forr P;erc_, F:c![d3 , • = ;!~Ir.
° • ~ ; -
' f J, ; Jy-, J ',Y,`j; -
' j ' ,
- This Instrument Prepared Sy Rp ` ~ ; ~r.-_"_
_ bert A. Swisher Jr.~ ~ :
First Federa) Savings & Loan Association = _ : - ~ ;
of Fort Pierce ~ Rlorida 33450 . r%~ '~.i- ~ ' _
. . ~C`~' y" ~~!!C ' -
Checked By ~ U R rl c~ ~3~ 't-,:.. l'
- ~ _ 800K ~~c7 PACE2~J~
. . - -
~ . . _ dZ