HomeMy WebLinkAbout1032 3. To pl.~ce a~~J ccroti~woualy 1.e~~p on th~ ?:u~!:il~~g; no~.v or harcalte~ s~~u+tr on s~:d 'a~~d and'on ell equi,-,~nenr and prroenaliy covarrd by ~h~~ mor~g•
ea~9. w~~h all p~Pmiu~nS tt,ereon pJ~cl in f~li, ~iti- inSuta~}ce ~~i ~h~ .~Suei St~~:cl.ir~) ~>:.>!+C~ fofm, In 0 Suin aF:a~o~cc~ by Il~v MOR~G:~GEE, ai~:1 w~~ulilorm
insuronce in tha usual sta~idard pol:cy fonn, in a:~~~~ ay{:rove.l t,y ihe A1i~~TGAGEi, ~n wch <om~_jr.y or companies as tha AIORTGAGEE may ,
dired; and ~II fire ~nd vv~ndsto~~n insura~•ce polit~cf on an/ oF sa~d !>vi'd.ng5, a:iy interts~ Ilterein or parl ~hr~c~~f, in ~he aggre9eta su~n afctt:aid or
in .excess Ihereof, sha!1 contain the usual s~.+ndsid ~iw~t9jryea c~~use or such othe~ c!~u~e as thr ht~rtgage~ ~uey requ.ra, meAirg Ihe loss under ~o~d poli• -
cies, each onJ ererY. pa;ab!e to s.~~d A',JRIvA~,EE es its n.'~~~r~~st m3y oppcar, a. d each en;i e.er~ s~ch ~ o~:c/ s14,ii br ~.~on,p~~y as~ y r_i! and deGvirrd to
eny Feld by satd AtORir,:~G'rE as (ur~hcr seturity ~o s.+~d n:origa3e dcut, and. not !ess th.in ten (1^l days in .)(IJ.ti1Cr ~f the e>.pirat~oi~ ul each po1~cY. ~o de• . s
lirtr to sa~d A10R(GAGEE a~en~ w~l IhiveoF, logeth~r with a r~.c.. pl for 1he pr~n~i~m o( such ~ena.va!: :u~d Ihrre shall be no {ire u~ wind~~orm insuran<e
pleeed on any of s3id buildi~tgs, any intrresl therein or pa~~ r!iar~•c(, ~n!esa in :?.c ion~i ~nd •.v~!n Ihe fosc ~:ayabtr as aFores.+id; and in ~he e.~~~t any sum ;
of money becomes payabl.~ vnder such policy or po~icies seld 1.1c~RiGt.GFE e!~ell ha~e it~r opt;on ~o reo.~.z and apply tlie same on accou~~t of the i~~~ia6ted- ;
nesS securrJ hcreby o~ to perm~t ae~d 1dJSTGAGORS ~o r,rct~iv~ and usc it or an~ ~,~r~ ti:.r..~of for o:ir.v ~:uiEosrs, .~'~i~o.:t ihr.u~ cr ~~np:,ir• , f
Ing any equ~ty, lien or righ! u~~dcr or 6~ virtuc of ibis mortga9a; ard in Ihc evcn~ sa'd A10;:iGAGORS sh~ll for any rcason fail to kerp ihr. said preir.iscs so i
insureJ, or lail t~ J~!iver pro~npitly an~ oi sa~d }x~~~ties nf iis~rantc ~o s~:d 1,1pRIGAGtE, c~ li: {vomptly ta pay iully any prem~v~n Ihire{er or in any ~
respect fjil to pc~to~m, d~s:h~rge. ex~cvte. utfr;t, complria. canpty v~iih and abide hy th~s coven~m, or a,iy p,~~ h~r~er. s~id MIiRTGAGEE ~nay p!aca a~~d Q
'pay for wch insui.+nce or any p3rt Ihrreof without N'3:~'111[~ or atf,•.ting ary op~«~n, i~en, equ.ty, or ri~ht undar or by virtue of this h!e:~g~ge, and lhe i
futl amounl of each and eti•_~y wch payinent sh~ll 6e in,mrdiately dve ~r.d ~,jy~h!e s~:d sha;l baar interes+ iro~n tha date thareof u~~tii poid at the rate ol {
nin~ pcr C.ntum ~:cr ar,nuin a+i.l !v]"~I~t.; •.~i!li s~:h in!c+~•t+ sha:i s~~c;,r~•c~ 1,~ Ih~ !:en of lit;s mortg~~~~. .
A. lo permit, to;nvnit or sutfer no v.aste. in~pairmenl or dete~~oraticn oi s;id }~rcperly or any part Ihcreof. ~
To p-y all and singvla~ the custs, charges aiid eapensrs, includ~ng a r~asenab!e ai~orney'S (ce anci costs of atstracts of ti11e, incurred or pa~J at ~
any ti~r.c by ssid 610RTGAG~E, betause cr in thc eve:it of Ih: foii~ro nn ~he ea~~ of ~he said 1.10RTGAGOR to duly, prornpNy and fu:~y ~~~forn~, d~schjrge.
ex~cute, efieu, ce+np!_te, cerrply w>>h and ab:de by eacti ar,d ~.~ery tl;~• sr~p~~!ai~ons, agrcen,rnts, condiiions, and covenanr•, oi sa~d promissery note and th~s
mortgaye any or r~~he~, a~:d aa:d costs, charges ord expens=s, each and ever~, sha~i be in:med~atrly d~~e and payab!e; whether o~ not ~here'bz no~ice d~
ma~d, attc~npt to colteU or suil penJ:~:g; znd th~: ful! amovnt of e3th ar.J e:ary such pay•nem shall Uea~ inte:es~ from the date thereot until paid at the
rit~ o~ nine y.cr c<ni:~~i, }.e: ~~~~n::::, o ~C ,,n sa:.t :~sts. ci~a:grs or.ci ~.~rnses uxvr.cJ w E~;;J, tuyether w~th suth in~erest, shall be sttured by the licn of th;s
mwlgage.
b. Tha~ (a) in the evenv of any breach uf lhis Aticrlgage or data~~t on Ihe ~~rt oi the ~~',ORTGAGOR, or ;b) in th~ evenl any of sn~d sums of money
herein refeired to 6c not promptty ar.d h~!ly F:a,d x~rl~in thu., ~?v) d+ys ~aa~ ai~•:r thc sa~ne se~era!!y Uca~mc d~e and payable, wi~hout demand or notitc,
or ;c) in th~ event eich ar.d c'VUI~ tIl_ 7L~W:JItOnS, agreements, cer.d~no~~s ard covenrn!s o! sac) pro~r,ssory note and th~s mortgage any or eilher are not t
~uly, pro~r,ptly and fult~ ~~.rforrr.ed, cj.scha~g~d. executed. e{~e:t<_d. comc;ie!cd. com~il ed w~;h and a!;•J=d `~y, thei~ in e~ther er any su:h eveM Ihe xaid ag~ ~
gregat~ su•n rt~en~lone<I in said pro~n~ssory ncta then re~nain~r.g unE:aid: ~~.ith int~ r~;t o..r~;ed, and a:! moneys secured heteby, shall become due ar.d pay-
ab!~ forth.v~th, or th~re.+!ter, at ~ha c~~~:an of s~;d AtORiGAGcE, as fuliy anJ co~,p!~•t~•:y as ii ati o~ t}i_• 33i(~ su:ns of moncy w•ere o~~g~netly snpulated ~
to b~ pa:d en such d.y, :~~yth~na in sa.~1 p:c~n~ssory ncte ar in ii,~s ldurtqa:~~ to tF~c• con~r~ry net:v~ths~3~d~ny; and Ihereupon or thrreaher a~ the op~~on oi ~
safd /dOQTGAGEE, v:~~ha_~! e~o~~cr o. d~•r,~ar.d, su~~ at I:,w er_~n c~uny, ~hereio~a or tt~er_after beyun, rnay 6e prosecuted as if all moneys sewred hereby
had matured pnar ~o ~~s ins~+t;.~t~en. - _ " ~
7. lh~t ;n the event ~hat ,t tn.: b~-g:nn:ng ~f cr at any tE~n~ uendin~ an~ ~u~: cpon fh:; ,:.crryage. or to forec:osa it, or fo ~eform it, or to eniorce ~
payment of any c~ai~,s hercu^dcr, s~~d :'.~RiG:,v_~ sha•i . f~F~~Y t~ ti~v Ce~rt li;.~•. j;~,r,ici cf,a~~ tlie«cf fur ihc apNointment of a Recciver, su:h Court shail F
(ortt~wirh :p~o~n1 a r~xe~•.er ot s.::~ me~tg:~~r3 t=~; r.tr a;! ~:~d s.rgu~ar, in^iuw~•~~~_ :,~•,c: s::~~v~er tt:e ;rcon+e, proF~ts, issues ar.d revenues from whatever ~
sourcc deri:~~d. ~•~cf; a~,d e:cry n+. ch, Le~~ y_xF:cess~y urd>rir~o.!, is her_c; r..o.t:iafaJ ~i if s; ec,i~ca'!y set :~rih and descr~bed-in Ihe g~anri~ig and
habendum c?ausas F.ereo'. a:~d such Qrteive: s1~.~.I h.~:a a~! t},~• broad anJ e'irc~!ac lu~ u ~ns .=~~ti pcv.e=s in a~yv+~se entrusted.by a Court to a Fec~iver, and ;
. s~•ch appointme v sh~il hi• marie by wch Cc_r; :~s an •~:~tc~J cye;~ty a~~~l a n ar.cr e: ~~•so;v~e r.yht to said h1UP.iGAGEE, and v~ithout re~erenee to the
adeqo?c~ or inadeqvacy of tl:,; va'~e of th~ f,ro?eit~ ~nort~~ged o: !c !f:•~ so,~~:~,_~ ~.r ,nso;venty of saic~ lAOQiGI.GOR o~ Ihe defendants, and that wth ~
ren~s, p:ui:rs, inco~ne, iss~~es anJ re.•e~.ces shall 'o•~ rppi~ed i,y s~uh Rec~:+ef .;ccorJ.~~n ~u the Gen or equ~ty oi said h50RTGAGEE ar.d the prac~'rce ofi such . -
Court. . -
8. To d~' , t~~ .t'. a~~d full erform, dacharc e, execute, effect, com. 4t~, cen: 1 w~th and eb:de b each and ever the sti ulatians, a reemeNS, 7
~ F~^- F Y Y F 3 P,, ' P/ Y Y P 3 i
eond~!~~~ns :,n3 cov,~~:anrs m sa~d nrom~seor~r ::o~e a::d th;s m~:s~ag~ s•.~ ic:th. _
9. Itat ir. ~he e.a~t +he n.•:r.ers!-_~~ ef tl:•: n:~,rgaged pr<<~~:ses. or ars~ p~rr t}:e~eo{. Eecomes vested in a person oth~r than the h10RTGAGOR, the ~
h'.ORTG:,GE~, ~ss suu.:ssrs a~•.ci ass r~•r~, ~viih:,ot no~ice `o t^.~ :'.O~'~GA03, deai v:r.h s~:h :~aessor or svccessor in intcrest .vith reterence to this
rt:or~yayc a.d :~~e ci~ uf t;c;~nv s~o,red in rhr_ same niann:r ~s ~v:th L'.~rtgagar •.v~tF~ut ;n a~y ~,•ay vitiating o~ d~scha~ging the lAcr~gagori liahitit~r here- ?
under or u~:o~ ti:e d_t,! i,,~~•~y scc~r•_J. !:o sa'c oF t! ~•~•ni~:•s h;:~eb; •nvrtgzged ar:d no fo:bcarar,~e cn the pan cf th~~ '.10RTGAGEE or its svctessots
or ass~gns and no enTCrs=on-ci ~he t~n.e fo: ~ie;~ F;~,•n,e::t o~ f4;.; dt~b~ heret~q se.ur~d g~ven t,y ~he 1,tORTGAGEE e: ~ts svccessors or ass~gns, ~iiall operate
to retease, d~stha:ge, rt:oc~~fy ch,,~ge er affect t'~•~ cri~:r.~% iEai:~;:;y of ~iie t.'~GRiGAGOR herrin, either in whole or in parL
lU. is s;;cc"iital:~ .-:g~aed t!»t t~m~: is oi th-~ csse~~ce of th~s contrzct and that r.o ~vaiver of any obl~9ation hereunder or of the ob!igation se- ~
eured hareby sha;i ai any ti~r.e tiierea;ter b~ hc'd to b, a v»~ver cf th= ~erms hsre.f or o! the instrument secu~ed he~by. -
1~. tn a~d ~ o^ rhe fcr~ q,':~~ n:or.ti.!; ;:~;.~;r.r.t~ of pr;:;Caal a~:d i~~•,rn q!~::ecl by ih.~ ptom;sscty r.ote Sccur2c~ F~~reFi/, mortga3or eovenants
an:~ agr~~es :o _3p +o ~-•o-f_t_._ h r:.~~rn ~~:i •ic~~.~! s~ cs~.., arc~i 6y n:ortyage: to be eGuat to 1; 12 of the an:~uat cost of the fotlow- ~
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inr~: . . ' ~ _ ~
it-:,+.~ rr-j! ::r~;:er:~ t~xes fa::cc7 cr ~ssc•s:_:i a}., .st ti:_ ~t:~,re de,cn4.-d reat es'at.~_ - t
E--Prcr::.~.ns c~ i~rr a~.d v:;r.;7s:o•~•. :nsu:;•ce ne,-c~n rcq,~:r~ci to !;c <trriirj c~,i ~h•~ improvc~r`c~ts situate on tha above desiribed premises. ~
d
C--Pr:,..l;.•.s o:i - .,a,-.:•r ~r~~.~,.~e as rn;;•,; ~c.c.~ sh-3~1 f;c:r r to ~~+nc d~em fit to carr o~ the loan setured hereb~ . =
'`~:'r-~'-' ~ J~-~ - / 1 . _
- :•.o:t3agce s'^.a i'rc:^. •...t :o t~ r:e nat~E; .::c~t,ags; ~n •:~r;~;r.r~ of ~ti:e ~.~~.o~~~T^d::_ ?r.d payab!e hereunder a::d wch sum shalt thereupon be duc and Y
Fayah'e oo iFi_ GtUE- C3f_• Cf !;'.C n~_xt n:c~!h~~r p3y~-•.ens acu eaci~ s~ccessive n e^!h r}~e~eaftar u:.til mertgagee sh3(i not;fy mortgagor of a change in such ~
t:^o~nt. S~c~: s•.;+~s s~:a::•i;e a~~i~~d u~ :r:~r.a~g~~c to:.a:a ti~e p~yn,ent of re>; pre:~rty taxes, ins~ra~ce prern:u~,s, a,~d mortgage gvaranty inst•rance _ 'f
a
Fren~i~n~s. _ _ ~
- ItJ 1`11T,~E~i '.~HEREO~ h= ;:.vRTGAGn~ has f:creunto set n~s hand ar.d scal the day and year firs! aforesaid.
dE`iv ~ ' CS^nt~ Of: ' ' ~ '
- ' C~~~~~ FILED aND RECORQEO - ~ l,J~S,et~ '
. ; _ S7.LUC{~ COUMtY-FLA. ~t; - ~arr~, ~~in~s ~
- - ROCER POITRAS L tseaq =
~7,1'_~~~~--~ CLERK C14tCW? COURT . ~ ` : " ~ _ _ c~~.~ (~aq i
I - RECORO VERIFIED~ ~~i r~inia S. Sines ~
I -j=--- --------------L~ (Seaq ~
STATE OF FIORIDA ~ ~ 4~s PM'~~
COUlJTY OF ~ t. r_L1C 1 f'.-------- ~ }
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Be`orc n,e perso^a:iy aPF„~~~,d ~13T'.~ ~ ~ . ~lIIL'S-_-- _ tnd
___~'1L~!.1T1~~~. C1,~`1Q~_ _ his v~~fe, to me well knov;n and knov:n !o me to be
the i~dividca!s descritiad in and v,ho cxec~~!ed the foreyoing instrument, and acknow•edged before'me that they executed the same for the purposes -
" therein exp:essed. A~d the s=_:d------ r~~i ni a~~ ~i nes - - - ~
wife of the said - Ca~~_L_~__S1rtL'S on a'separete and privale (
eram?nar~on by me taten sepa!ate ar,d apart frorn h~r said husband, acknov.ledged ro and beSore me that she executed sai 'tu eAt fEeely ar.d volun~ j
c~r:~~ and vrtnout any cc•e.u!s€en, constraint, apprehens:on, or fear of-or from her said husbartd_ i ~-`-i. :
30 t ~ • i x . - .A`, • 19 ~ i
Y1tTt:ESS my hand ar.d offiuai sea) th;s___-_ ~ d~y~f~__ Q.~~ .
~ .l,~ -
~'t;otary Publ~t in and for Ihe 5; i Qf- ~a.at L ge
- ' b'1y~ ommis3ion ezpites: . r = _ _ -
" Retum To: ~ r _ :
First Fcderal SavSngs 8. Loan Asseciat:on l:c!ar~ Pub!it, 5tai~~ F~rida ~~p~e - ,
T~1y tommissi~n Ex~iitis:~.~; • '
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rJf Fcrt P:c-ce. _ ~ .
. . ia~:d~•J b~ A~:ar~c~n fit~flr.Ca+Yo~h S~°•
ivr! P~erc•,, florida - - - f~rr. ?
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This Instr~ment Prepared By J. Roberts~ Jr , .
F~rst Federa{ Savings 8~ Loan Association _
of Fort Pierce~ f/s%+-~ds '
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Checked BY BOOIt ~`tQ PAGF~O~~ }
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