HomeMy WebLinkAbout0199 To plac~ and oa?tLwously kNp on tM buildtnps now w MtNFtN ~ifvN~ 01f f~W I~eMI 1i~ OA ~I) Oqvia?~fM ~MI pltfOMlly COVN«I by tllif IIIOfI¢-
sp~, wfth dl pra+?iwas tMr~ paid In full, fin insur~nc~ ie tM ~nwl ~~anderd policy fan?, in • swn approwd by tM MORTGAGEE. and wtnd~tam i
in~urana In tM vswi q~ndud polky fam. in • w+n ~pprowd by ~he MORTGAGEE. in wch comp~y w aornp~ni~s u tM MORTGA~iEE nwy
directs ~nd ~II fin and w'r~fonn ir?suranp polic'~ on sny of ~aid build~ep~, any tntKat therein a put rMnof, in ~M pyrpaq win ~fons~W or
In ~xoeu tMnof. ~h+ll contain tl+~ wwl standud mor~pape~ clauss or svch othK ct~~ts a tM Mat~~ m~Y nqu'u~. makii+p tM bss wwJM uid pdE i
cie~. ~ach and ~wry. WY~btt b wid MORTGAGEE its interest m~y ~ppsar. and each and every s~ch policy sFull b~ pranptly ass:9r?ad and d~livK~d 10 (
~ny htid by s+id MORTGAGEE a furtha s~twity ro s~id matp~ye debt, and. not leu ~han ten l10) dalrs in ~dv~nu of tM txpiration of ~ad+ policy. to d~ ~
IivN to said MORTGAGEE a rwNwal tlwrwf, top~tMr witA ~ reuipl for the pr~mium of :ucA ~a+ewalj u~d th~r~ ~II bt no fin a wtndito~m iew~u~c~
pl~ttd on anp of saW bvildiop~. ~np IntNqt tl~~i~ or put thtrwf, unleu in th~ fam and witA tM loas pay~bl~ ss +fwtwidt +~d ~ tM ~wnt sny wen
of nwe~y b~ewews payabl~ wwbr weh polky a po~~des s+id MORTGAGEE ~hail h~w the .option to noeive u~d ~pply ths ~ on +aount of tM ind~bt~
neu sacuhd hK~by or to pKmit ssid MORTGAGORS ro receiw +nd us~ it a any psrt-thereof-for otherpurposa. withovt ther~by waiv'up w impair-
in9 any puitp. IiN? or ripht wwla ar by vinw of tAis mortyapet and in ~M ~ven~ w~d MORTGAGORS ~11 fa any naa+ f~il to kesP tM s+id Pn^'isas
insuroeb or fdl fo dtlivK pranptlY ~ryr of s~id poliei~s of inwr~na to aW MORTGAGEE. or fsil promptly to pay fvliy ~ny p?emium tMmfor a i~ ~nr
r~~p~et f~il b p~riorm, discharp~. ~:~cut~. ~ffM. compl~te. compb with u~d ~bide by this aovan+nt, a any part hs~of. s~id MORTGAGEE ~n+y plsc~ and i
pay for wch M~wanc~ ot ~ny p~?t tMraof without waivinp o~ aff~ctinp any option, IiM, puiry, ot right unde? o? by virtw of tha Mat~+p~, and ~M
fu~l amoum of ~ad? ~nd ~wry wd+ payrnN+t ~hall bs immediately dw ~nd p~yabls aod sh+ll b~u int~.est fran tM d~t~ tMnof untii p+id at th~ ~at~ ol .
n~n~ per pntwn pN annum a~wl topether with wch interes~ shali be secvrod by the li~n of this mort~ap~. _ f
1. To pKmk. comndt or wff~r no wut~. Gnp+im~eM w deterior+tan of said prope~ty w any p~N tl~eof. j
S. To pay all and ~tnp~i~r th~ oosb, d~up~s +od exPa+ses. Mdud~^9 a reasooable ateo~ney's fee and owb of ~bstracts of titk, incvn~d w p+id at 1
any ums by sa~d MORTGAGEE, b~cws~ w in rl+~ ~vMt of ths failure on the put of tM said MORTGAGOR w duly. p?ampty +nd fully psrfam, d'acha~
execut~, ~ffect. oompk», oomply with a~d ~bide by ~ad~ and every the st~pulations. agreements. conditwro. and aow~+nb of s~id promissory ewt~ and thu
martyap~ ~mr o~ ~itlwr. wd said ca~s. d~upea and ~apenses. ~ach snd every. shall b~ immediat~ly due ~nd psyabls: whe~he? a not tMr~ b~ notia d~
mand, atMmpt to coll~ct ar wh pa~diny: and tM f~ll amount of txh and every wch payment sF~sll bea intersat from tM d+t~ thtreof until p~W at tM
p~? par arwwn?j ~nd all s+id coits, ch+rges ~nd expeoses i~curred or paid. togethar with such intsr~at. shall b~ s~aired by /M IiM+ of thb
rate ot ~In~ centum ~
mort~ap~.
6. 1h~t in 11N ~wnt of uiy bnach of fhis Mat9ay~ or def~ult on the part of the MORTGAGOR, w(b) in tM w~nt any of s~id sums of naMy
herein r~fKt~d ro b~ not ptomptly ~nd fulty p+id within thirty (30) d+ys next after ~he same uverally beta+w dw ~nd payable. withoW d~m~nd or noY~oe. _
or (cJ In tM ~wnt tath +nd every tFw ttipulations, ~greements, conditions and covenants ot uid promiuwy ~ote ~ed this morlq~~ u~y o~ ~itAer ~n no1
iuly, Pron~prh ~nd fuiy p..tormed, d~scha.ged, execvted, efEected, completed. complied with ~od abided by. tlrn in ~itha w any svch w+nt tlr s~id p~
pnyat~ wm m~ntion~d in ~aid ptomiswry ~oq then remaininp unp~id, with interest ~cuued. ~nd all moneys sstwNl. harebY. ahfll becaaw dw ~nd p~y-
eb1• forthwith, a tMnaft~?, at tM option of said MORTGAGEE, u fvlly and compktely as if all of the said wma of money wer~ otipinally ttipulated
ro b~ paid on wch day. anythlnp in s+id promissory eote or in this Mortgsge ro the conrrary notwithsu~dinpj and thsreupon or thereaft~r ~t tM option of
i~,d MORTGAGEE, without rwtia or dem+nd. wit st law or in equity, therefore or thereafter begun, m~Y be pro~acut~d as if ~II mon~ya s~cw~d Mrtby
hed matund prior ro iri Imtitution. -
7. Th~t M tM w~t that at tM be~iiu+ing of or ~t ~ny time pending sny wit upon this Mortyapt, or ro fontlos~ h, w to nfam h, or to tnforo~ s
payrrKnt of any d~Gns h~nvod~r, aid MORTGAGEE aMll apply tu the Court hsving jurisdictan theraof fw th~ appoiotm~nt of • ReceivK, wd+ Cou~t shdl ~
forthwhh ~ppoinf a r~teivN of s~ij! mortpaped property all ~ad singular, includ~ng all and singulu the inoonne, profits, issuet and revenues from whatwN ~
sourt~ d~tiwd. ~ath arwl ~v~ty of whith, it beinp ~npreuly understood. is hereby mortgaged as if specifitally set forth and destrib~d in thi pr~Minp ~nd 1
hab~ndvm dav~s hK~of, ~nd wth Ret~iwr sMll Mve all the bro+d and effedive fur?ct~ons and powen in aoywise entnnted by a Covn tp a R~celvN. ~nd
~uch appofntm~nt ~hall b~ maJ~ by such Cowt as +n ~dmined equity sod s n»ner of absolute rigAt ro ssid MORTGAGEE, ~nd witl+out r~fer~nu to th~
adp~aty a fn~d~qwcy of tM valw of tM property maty+9ed or to tl+e sotvency or insolvency of said MORTGAGOR o~ th~ defend~ots, ard that tuch
ronn, profits, lnoon», hsues ud r~venues thall bs applied by such Receiver accwdin~ to the lie~ or eqviry of said MORTGAGEE ~nd tM practin of such
Cou~t. .
8. To duly, pranptly and fvlly psrform, dischsrye, executa, effect, complete, comply with and sbW~ by ach u~d ~wry tM stipulations, ~yr~nta,
cond~tiom ~nd covenann ~n s.id pranb~o.y note and tha mortgage set fo.rh. ' ,
9. That in tM want the ormenhip of the mortgayed premisa, a ~riy p~rt thereof, becomes wst~d in a perwn otlwr thsn ths MORTGAGOR, tM
MORTGAGEE, hs ~ucusson and ~uipra, m~y, witho~t ratice to the MORTGAOR, desl with such wcc~aso? or ~+oc~s~w in interest with r~fer~nu to thb
monyap~ and tM debt hersby s~cur~d in ths iame manner ~s with Matgaga withovt in any way vitiatmy or diftMrp~np the Mortq+Qors' N~bility Iw~
under w upon fh~ debt hereby secured. No ~le of the prcmiscs hereby mortgaged and no fabear~nce on th~ pist of. thi ~MORTGACaEE a Ns tuaeason
or eai9~u and no ~xtension of th~ time fw rhs payment of the deb~ hereby secured piven by the IYIORTGAGEE or in successora w+ss~pns, ~h+~l opsr+t~
to r~lea~, d'adNr~ modify cFurg~ w affect the oriyiml liab~lity of the MORTGAGOR herein, either in whole w in part. '
10. It b specifiully yreed that time is of the euence of this contrsn and that no wa'iwr of any obliyatia~ !?ereunde~ or of ths obliy~tion sr
cund Mnby shall at ~ny tinw thtreaher b~ held to be s waiver of the terms hereof w of the irutrument secvred h~rby.
11. In addition to the forego:rg monthly payments of princ"pal and interest required by the promissory nole secured hereby, mort~agor oownanfs +
" and ~yr~ea ro pay to mortyayee with each ma~thly payment an addirionst sum estimated by matgagee to be eqwl f0 1/12 of the annual cost of ths follow-
ing: -
A-All r~al prop~rty tax~s kvied or assessed against the above dcxribed real estate.
B-Pr~mivms on fin ~nd windstorm inxrante as herein requ~red to be csrried on the improvemenn situate o~ the abovs described pramiaes.
C-Premiums on such mortgspt Quannty i~surance as mortgsgee shall from time to time deem fit ro carry on the loan senrred hereby.
G Mwtyape~ thalf from time to time notify mwtgagor in writing of the amount due and paysble heteunde? and suth wm shstl thereupon bs dw ~nd
I payable on The due date of the nexf monthly payment and each s~ccessive month thereafter ur.til mortgagee shall notify mortgagw of a chsnpe in such
~ emount. Such sums shall be applied by mortgagee toward the payment of real property tazes, insuraMe prem:~ms, and mortpspe ywr~nty inwnnce
p,-emiums.
n IN WITNESS WHEREOF, tM said MORTGAGOR has hereunto set his hand and seal the day a sr fint sfw id.
~
j Sip S~al~d and ~Itve d'n tM presence of:
n ~
" ~ ~
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STATE OF fLORIDA ~
couNn oF St. Lucis ~ ±
~f,,. me p~o~u~~„ .ppear.a DsWey Herndon .~a
•~TLA Herndon his wife, w me well known and known to ms to be
the individwb describ~d ln ~nd who ~xecuted tFa fweyoirg instrument, and ackiww~ before me that they executed the sarn~ for ths pwposes t
,~,d ~r„ ..,J June Herndon - _ :
W~re of Deway Herndon - . .~,..~e .r,d
exam;naYan by me Nken ~epsrate and apsrt from Ixr said husband, sdcrwwledged to ~nd b~fo~s rn~ that aM eaecuted ssid imtnrment fresly and voluo-
tar~ly aod witho~rt. ~rryr aompulsion, constraint, apprehqo~_~qn, or fea~ of or from her said husband• Jul~ L'
WITNESS my hsnd ~nd offFcial swl thn 7Zn day of A. 19S~L_.
Notsry Public in ~nd fw t Stat~ of Florida at Lary~
' , . :t, j ~ My Corruoission ~xpins: - - ~ - -
R~twn Ta • ` ~ NM~ f~[ wb! O~ AOfldi it ~ifq! .
fint F~da~) Sivinps d. losn Atwciafion ' ' L'~ .~'i~ r~ ~ ;
Of Fwt Pierce. , C0""a"~" E'~ ~ 1964
M~~ b A~i1w i'w ~ C~r c~ ~
fort Pierce. Florida , - • . t~ ~ ~ ~I
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~ - : = ST.~~~~~E ~ REC~~
~ - RECOR yU • Ft.A.
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~ 1 S ~ 3: S I
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`~o~eR ~'oirRas
p Q ~~ERK CIRCUIT COURT
~ a~K 167 PACE 197 ~ ;
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