HomeMy WebLinkAbout2942 3. To pl~tce a~;d taniinunvs?y i.cep on tF~e bui!.lin~s.n x or i:~re.~(~e~ s~~rat~ on tir.l Ijnd and on aH ~~quipn,eni a~~d pcvsonall~ CovttCd by ihis n~rtg.
ege. wilh a!1 premiun.s tii~~oon E~a:cl in Iu;l, f~rc ins,,rancc in thc sta~~dr.~l Fo:~cy tonn, in a Su:•i aF.provid b~ th~ f.10Rii~.iGCt. and v~indstorm
insura~ce in tho uau~l uaa~!.~rd ;o!;cy form, in a:vm a~.pro;ad Ly the 1.1~1R1[:AGfE, in s~ch company or ccn,panies as tha :,',OkTGACiFE may
d~ret~; a~~d aU lire ~~r.:1 ~ti;r.cistorni ins~rarcr {:o'.ic~rs on any of s3~~1 bu~:d ~.c;! any int~r~st thcrcin ar part thereoi, in the aygreya~e svm d{O/E~Jid or •
i~ excess the~e.f, s~~a!i :ur.~ai~~ Ihr us~al s~.~r.ciard ~no~~~.,9i^ cla~te or su:h other r.+use as tha /.lortg~:~ce n~~y iequ~re. makiny N~~ loss u~~Jar s.j:J poli- .
eies, each an:l ever~•, F~a~:~t~'_• to s~iJ ~,:~~Ri"u.AGC'c as ~~s ir.~~r,st n~ay appe.~r, and eaci~ .,~~d e.~~ry svch ~,o`!c~ 11~,11 hr pron,ptly .~ssq•,eel a~.d dc~~v~re~J ~o t .
any helc) t,y saici 1.10C1i,'.(;[E .+S iurlh.r SeCUrity t~ S~itl +~.~~tg,~yr det~t, and. not 1. si th:~~t tc~i (1'Ul da~s i:~ dd~~nti o( Ih~ ex~:i~at~o~~ oi each ~iolicy. ~o tle•
live~ ~o sa:d LIORIG~IG! E a fC~!Et!'3I theri•oi, m~ethcr .tiith a rrtr~pt for Iha pr~n~w~n of such rr,:,e::al; ard th_re sha;l b~ no f~ro or ~vir~dsto~m i~~sur3nte
p~ated O~l d~~Y O{ 5~:~~ ~ui~l~~~.JS, e~ly ii~1~fE'St I~IClc'~~1 Of F)drt tlii•f~•Gf, ~~lli•51 i~l 1~~^ fJr~~~ ..~~ti v.it~l 1f~~~ ~~SS t~.tyJf:IC 3S ~fJltidi:~; dni~ i~i Tf~l• c"afilt ~tlY SUSII ;
of money be.Om~~S pay~tia vnder s~ch pol~cy or ~>ol;cEcs s.~id 1,',~)RiGAGEE nh.~ll hj~o ~h~ opt:on tn reteiv~ and ap{~ly th~ same on account o1 ~I~e indet~ted• ~
ness Sc`CUf~'(~ Ft~1i'~)~ Of }U ~)Cltl:it S.i~(~ ~.~02TGAGUFS f0 fiC~~~~ J~:cf US~ 1~ Of . i~y I: It~•.t.~J~ ~ur Ci'~', • ?•Ur~'CS<•S, ti'I~ti•,G~1 1~1 ~ri I11 1) ~'r1~i:iif• _ .
ing atiy equ~~;, li~it or ri~ht under or by virtuc oi this ~no~.'ga9c; and in Ihe evc•r•~ s~ d:'.021Gr1GORS si:all :~r any reason fail ~o kcep the said premises so `
insured, or f,il to d:!~vcr pro~nptty any of sticl ~~oi~ti~s of insur~~~ta Iu s~J A!OC1Gl~GEE, cr iaii pron' ro pay fuily any prcmiun Ih;refot o~ in any '
respeU fa~l to perforn., .iiich,~•~e, ex~:~tc, e(iect, lJt. ~?:i•Ie:, cen~pfy ~:~ih and atrdo by ~h~s tovenan~, or ry p.~rl hereoi, said MGRTGAGEE map p!ac~ a„o t'
p~y For such insurar,te ur a~ry p.+rt thareof w~thout ~veivir.g or af(euing any oj•!io+i, Gen, cqu~ty, or ri~h' undcr or 6y virtue oF tt~is.Atorfga~e, and thc ~
(u11 anwunl of e~ch an~! e~e~y si~[h {>a~:r.~~nt sh3i! bo in~i~~cd~~t~Iy d.:e and E~yst:'.r ;r.il sl,iil bear ~ni~rr.st fro:n th= dat~ thcrco! umil p~•id at the rate ol
nine per ca~vc~n F~~ en•~um a~~:i •o_~.'ti~~r ti.itl~ s~.cl~ i~,:..r.s~ ~h,G t:.. s,,:v'ed by the t~~-n of th~s mortgage.
, 4. To permit, comm~: or suffer ro ~.vastc, i;npa~rr.;ant or d_t~•r~cra~~o:i of said F,ropc~ty or any pa~l ~hcreoi:
S. To pay all and singu!nr t};e casts, char9cs .~~~J e¦pe~~s>s, ir.~lud~ng a rea:o~~ablr at~omey's fee and casts of abstracts of fitlc, inc~rred Or p~id at _
any ti~~.~• by s~~d A',GCIGAGfE. bet.~use ur i~~ the c~•, t of th~_ f.i:!~ra on Iha 5,;:~t of tha sa:d ~10RTGAGOR to du~y, fromptly anJ ful{y per(orm, discharge.
execule, effeU, can-~~:rtc, c~mply ~~~nh and a~~:Ja by ~c~i and e~•ery the st~pula+~ons, agrcemcnts, cond~uons, anJ covenai~~s of said pro•nissory noh and ~his
morlgage any or ~~tr~~•, r::d sa J costs, chxges and .~pensrs, racl~ and evety, shail ba immrdiatciy due ar.d pjyabte; whether or not there Ue notice da
mand, att~mpt to co'lett ur wit pend.ny; ,.rd th~ f~ ~ aniount of eac}~ and e~ery svch F;ayn;em shall bea~ intereit from the date thereoi until p~id a1 the
. rate os nir.c per ten:v~~~ ~_•r a:~:~.: n: an,: a:t sa:J ios~s, :t,.vgcs .~,~d cx::c~~=cs ~~tu:rrd ot pa~:l, to;7ether ~vah wth.intetest, shaU be sewted by the lie~ of th~f
morlgagc.
6. Thal (a) in the event o( any t:rc~:h of thiz Alortgaga or d~~iaulr cn th~ part ef the t.10RTGAGOR, or (b) in the eveM any of sn'd sums of money -
he~ein referrrd to be not prompt~y ~ar•d tu11y paid v.~~hi~~ th~rty (3J) d.eys nert airrr ihc sante severa!iy tecomc dve ai~d payabfe, without dernan¢ or notice,
or (c1 in ihr evcnt each and evrry ihr st~p~'atic~.is, agreaments. cer.d~t~ons and covenan~s o' sa;c' f~ro>»issoiy nole and th~s mortgage any or either are not
~uly, p:ompNy ar.d tutly ~~eilonneci, d sch.~rg~;d, <xecured, rlfected c•~~np!e!ed. co,»{,`;ed .•.~!i~ and at:~~cd `~y, then in e~ther or any such event ~he saic! ag•
, c~regate sum mrn~ioned in sa~d E~rcn;ssory ncre ti~en rr:~~3ining ~npa~d, ~vit'~ inte~~•:t ~cuucd, and a!I moneys secured hereby, s~~al1 become due and pay
~ ab~e for~h•.vith, or ~l~er~•a'te~, at the e~+•~on cf s~~d !.'.ORTGAGEE, as fu!ly a~+J co~np'•~•tqty as ii aH o( Ihe s~~d wms oi money wete oriqinally st~puSated
~ to be pa.d on such d:.y, anyth:n7 in si:ci 4:re:n;sso:y +~rte or in this 1.'.ortga~e tu tf~•: ~antra~y not:vithst3nd~ng; and thereupon or ther~after at ~he option of
said MORTGAGfE, v.~:t~out f:c~T~:e or dama~.d, s~~i _~t i3Y: Of ir, equity, !h:reiore o: ti~rr~•ai~rr bcc~~n, may .6e prosccuted as if all moneys secured hereby
had matured pnor to ~ts irst~!u:;on. ' ~
• 7. ihat in the e.er.t ihst o! th= 4~egSnn'r,g of or at any t~:nc pc~xliry any ~v~t u,^.cn this Mortgage, or to foredose it, or to reform it, or to enforte _
_ payment, oF any ci~in~s he~eut~d_r, s~:d N,~%Ci~,a;,~E st~a'.I r~:, 1~ to ehe Co.,rt h,.,~•:g ;ur~sd ction tL•ereol for-F1~a appo~ntmeM of a Receiver, such Court shall
forthwith ar=_ain~ a ra:e+,~: ef s:,~d r~•~rr;.;~c~: are,~~~:t~ :~:1 and s~~~~u!ar, i^c;~:iny ~it .~~~d s~n?ulir ~he ir.come, pro(its, issues ar,d revenue5 from whatever
seurce derivcd, each a~ d c.,ery Gi ,.y~~.c',, i' 6.;~~ ,...;:+ess:y, und_•rstcc~:l. is : r.,.t~~ ,~;~•hiag•:d as if spe<~fically set for~h and desuibed in ~he granting and -
habendum e~auses horeo:, and svch Receive~ sha~2 ler:r att the 6:cad ar.ti efi~cr:v: f;~~,~e,~s .~nd po.,~e~s in anyv~+se entrusted by a Cou~f to a Receiver, a~~d
such appOintment shafl be made by svch Covrt as an ad~:ir.ed e,::i:y anri 3 r, air~•r of a:,solu;e r~yht to said f.tbRTGAGEE, and ~vithcut reference to the
, adeyvacy or inadeqwcy of th~ vaive of ihe prof;crty morfqag~d o; to ti;; s_::•:ncy cr .+~so:ver,c; of sa+d A10RiGAGOR or the defe~~Jants, and that svch
rents, profits, income, issues ar.!~ (E"lE1:Lt5 iha~; i~e epptied 6y su=h Rec_i.~r accoru~.,~~ w the Nen or equity of said 1~10RTGAGEE and the praciice of such .
Court.
To du~y, prom~~!`y v~d fui~y fr(orm, d:sch~rye; execute, eifecl, co:r.plete, co^,3=.I f~vith and a6:de by each and every the stipulations, a3reements,
conditicns and coYcnanrs +n sa~ci prom~ssor~ ~ictc a~,d ths rnorlgage srt fo:ti~.
9_ 3Fat in thc ev~^~ +h~ o::nership of ii:e mortgag<^d {~rem~sez, cr any pait thereof, Lecomes vested in a person olher than the h~ORTGAGOR, the
l'.'.t~,RTG~.GEE, its sv:cesso~s and ass;y-r;s ~~.ay, w~~hout no,ice to !F~: .'..O±iGi~OR, deal .::th such s~~cczssor or successo~ in interest viith reterence to Ihis
mortgagc and !he d_cd hc.eby s=w.ed in tl:•= sernr n:aer,_+ as •.v~th ortga~o: ~.a•~1h_vt i~ anp ~vay vitiatir,g or distharning the Rlortgagors' liability here-
~ unJer or upon th•~ d_bt F:;reL•~ secvr~•d. Pdo s~'•~ c.i ti~e Fre^}is^s here'.,r n~c~tgagad.a: d no fo:L-earance o~ the part of the IAORTGAGEE or its s~ccessors
cr as;igns rnJ ro extens:on of tn~ i~r ih: ,~yn:ent of tt.e .ie!,f Lc~c6y secvred gi.~en by ~he I:~OQTGAGEE or os successors or ass:gns, ahall operate
to re~e~se, d~sch>rge, moc4fy cF.anae er a`:iec+ tt:a cr,~~n,i fab;; r~ of ~~~e 1:.ORIGAGCR lierein, either in v hole or in part.
10. it is spcc:Feca~ly agre~o ~hat ti•ne is oi 1;:- essc~~ce ef tl:;s co~:tract a~d ~hat no waiver of any obliqation hereunder or of the obfigation se-
eured hare6y sna:i at an~ tir:r thereafter b~ f;e~d tc 6_• a~v:,i~:a: ef thc •erms herc~f or of the insrrument sewred herby.
] l. I~ a,-i•~ r,~:~ to i~.~ it:r._ ;o r.3 e:~onrfi'; :~.iyr~'n?s nt j;~~~ t p>` ~r.d ] u=re sT n~,;._:.^d F;y th^ proni:s>ory no~e se,vred hereby, mortgsgo: eovenants
. ar,d agieez ~o pay to r:-cr!_~~.c..=e ...;rh eac': n:on•~,t•, :,:~:t an ui:t -:o~~a! s t::~ est: ,:ased by rnertgayee to be eq~al to 1 j 12 ai the annual cost of the foi:ow-
ing: . ' . ' _ .
A-Afl ,r-a! j:rcp~~i~ t~xec Ir•_~c:: o• ass:~ss::~ >f Ii~-~ J[ d~SCr:'i`iI rc~l estaf~.
E-Pr~:~::~ n> on fire ~nd v:ir~cisson,~ ~nsura•~c~- „s ;~ere~n reqv;reJ to be carried c~i the im; rove~nc~ts s~tuate on thc above Jescribed premises.
C-Prea~i~~r~s cn s~ch rr.o~!_'7i:~ auari:~t~r~ic5vrac.~C as mo~rgagee sha€I frGC~ t~mC Til r;~~;e deem i~t to carry on the loan secu.red heieby.
; t.tortga~cc s~:a i Err.~n .'o t;^~e rott~; n:c:t~; g~r ~n ~:,r;r:ng of tne a^ a_~:t dvc ar.d payable he:eundar and such su~~ shall thzreupon be due and
E.ayahlz on th_ d~e ciate oi th. rex! msntfi:j , ay~•~~nt a:~d e:::~~ svcc~ssive n,onti~ mr:eah~r uatii inertgagee shall notify mortgagor of a change in such
a~~oun!_ Svc4: su•'+s si~a:: L., a~p ~cd by r.TCrtg;y._ tc•:•.ard t~ie paym~nt of reai p~o~eriy ta~.es, insurance prem;ums, and mortgage guaranty insvrance
~ p:e~niun~5. ' _ - , -i
!N ~'llT"JEyS '.~:i'cRE7F, ri,~ za~d :',OR'+Gi-G~,i has h~rev~to aer his h3~:d ar.d seai'the day an yeac (irst aforesaid.
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i. Signed, Seatcd and de!~vered in the u:esencc o': =i~ ?
~ . _ FIiEO Ati~~~ ".~Ci.t~.0£t~ - ~Seal)
/7~G~% S~. ~'J~~s "_:S~iiY FU. S E• Brlt (Seal)
F ~ = ~ AS ~
- - ~ _ ti , _ - , _i ~OUR7 • ~ ~ ' E -(Seaq
~ _ .
~~.~-e~ - _ : f~~~ ~ or a . r
~ r c r (Seal)
~ STATE.OF FIORIUA - 1 ~ 3$ ` , • ~ _ _ ' - .
~M~.1~ 3U9~ -
COI~!vTY OF --St•-U1C~.@--------- ~ - .
Beforc ir_ p=_rsen>':; a - =red _---`J~IE'S Brltt - - _ and
Gloria J~_Bl~tt his v:ifz, to me well kno~vn and kno.vn to me to be
~ the ind~+idua's desa~~•_d in and v:ho execut~d the .'oregoir:g instrurr.ent, and ackno~vied~ed befo:e_ me that they executed th~ same for the purposes
thereio expressed. AnJ tn~ s~Ed _ GI.Af3a _T. Rri+t " _ -
,ivife of the said ~.T~]lC3_.$~~r~~_- - , ~pon a sepa~ate and private
' exam`nal~on by m^ taien seoa~ote and apar! from her sa:d husband, acknowledged to and be(ore me that she ezecuted said instrument freely and volon-
tarily and vr[thout any compu's6on, co~ssraint, anprehens:on, or fear of ot fram her said husband.
Y:ITi~:~S iny har.d and o!fit~ai seal sh~i.-_---9th day or---- Ma~ , A. D. 19 7S
- - r,~~ ,
Notary Pu61ic in an or n S1ate of Florida at large'
- ' 1.1y ComT.~ssion ex res: _ ' ;
- Retum To: - 1~lotary P~~Y~, n: F`.~=.~o a1 la?r~s
Fi:s! Federal Sarings d loan Associ~t:cn fAy Co:~ / i2. iS77
Of ~a;! P.cr==. . :cr~ta , i r. :y Co.
' ~ort Pi_~:c., f;o-sda _ _ . . '
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This Instrument Pre ared B - - ' _ . _ -
; P Y Gary F. Ellwood ~ _ ,
First Federal Savings & Loan Association - - • . Y;:.,,,•. _ • -
E of Fort Pierce ~ glorida _ c - ~ ~ . _ } -
~ ~ - • p R PAGE~9J~ _ . ~t' i -
Checked By~-_- gopY~r . ,
~n . ~t. ~~t~L` ~
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