HomeMy WebLinkAbout0188 ~ i
3. To plac~ and continuovaly ke~p on tFw buildinps now a htre~ftN utuat~ on ~aid lu~d ~i+d on ~II putpment ~nd pNSOe?ally cow~~d by tht~ mo~lp~
sp~. with sll pr~miv~ therwn p~id in full, tirs insur~nt~ in th~ uswi itandard polity fwm. rn ~ sw+t approvtd by fM MORiGJ?GEf, and winditorm
~nswaoc~ in fl~ usw! atandard policy tam, in ~ sum approv~d by tM MORTGAGEE; in wch company or comp+ni~s as th~ MORTGACsEE may
dinctj and NI fin ~nd winditorm iniw+na polici„ on any of said buiW~np~. ~ny int~re~~ tM.~in or prn ~Mrwf, tn rh~ appre~t~ wm ~far~ald or
in ~xc~ss the~wf, ~halt contain tM uswl sr~ndud mor~~a~e~ clav~~ a ~uch otMs claus~ u tM Mortp~ may ~~qvin. makinp tM loss w+de? said poi} i
ciy, tach ~nd ~v~ry. p~Yabl~ b said MORTGAGEE ~s iri iMerep m~y ~pp~ar, ~nd each +nd ~very iuch policy ~hall b~ {xomptly asf:9n~d ~nd ddivKed to ;
.ny h~ld by said MORTGAGEE +s fvr~hN s~cu~ity to s~id monp~~ debt, ~nd, not ku tl?sn ten (10) dars in advar~ce of th~ ~xpiratlon of ~ach polky, ro da
I~ver M ~aid MORTGAGEE a rN?awal tM~wf, top~thK wlth • rectipt fa the pr~mium of such r~e~ew~lj a~d then sMll M no firy or wi~ditonn inwrN?c~ ;
plac~d oo ~ny of s+id bvildinp~. ~ny ieterht tl+K~ie a part th~r~of. vnlesa in tM fwm'~nd with tM lou p~y~bt~ as afor~i~Wr +~d in tM went a~y wm `
oi nwMy becom~s payabte v{~der wd~ polky or polici~s said MORTGAGEE sl+all Mw th~ optioo ro receivs and apply tM ~am~ on ~ccoun~ 01 tM indebted~ j
ness ascvred hereby a to permit s~id MORTGAGORS to ~epiw ~nd us~ if p any put fhe~eof for othe~ purposes. without the~eb~ waiving w impair• ~
~ny ~ny epuity, li~n p ~i~ht unda or by virtw of this mortya~~j snd in tM ~vtot said MORTGAGOItS shall fw aey r~sson fail to ketp th~ said pt~misa so
insu~ed, o~ f~11 to d~liver promptly ~ny of saM policies of ie~sursnts to said MORTGAGEE, w iail prompNy fo pay fulfy ~ny premium tht~~fw p in ~ny ~
ro:psct fait b pKform, d'ncharge, execut~, ~ffact, compl~t~, oomply with ~nd abid~ by this cov~r?~nt, or any put Mrwf, said MORTGAGEE may plac~ and ~
pay tor wcf~ inwruw~ or any ~n tht~eof without walvtnp a ~fhctiny any optioq, It~n, puity, or ripht ~nds~ a by rirtvt of this Mortyap~, ~nd tht
full amount of each ~nd ~wry such payment sMll b~ imrn~diatdy dw and payabb and sMll bear in~erasl from tM dat~ tMreoi un~il paid a~ ~M ~at~ ol
nir,s p~r cenwm pN anrwm a~d ~ogNher with sucA interes/ shaU be secvr.d by fM li~n of thia morf~ape. i
1. To pNmlt. oonw?it or wffer ra wasN, u~P.~.~~enr o. dere.~o.a~a~ of sa?d P.op.rN or u+y p.?~ ~eof. +
;
S. To pay all uw! ~inQular tFK.costs, charpq and expensa„ includiny • reasonabk attoreky'~ fee snd co~n of abstr~ets of title, incur?ed w paid al ~
any tims by said MORTGAGfE, becaus~ or in the ~vent of ths failure on tM p~rt of tM said MORTGAGOR to dvly, promptly and fvlly pe~fam, discMrg~ :
executs, effM, compt~t~, oomply with snd ~bide by tach and ~very ths stipvlatiom„ ayreaments, tonditiora, ind cownany pf ~aid promiuory note and thw ~
mong~ any w ei~her, and ~s~d co~q. chuga ~nd expares. each ~nd every. aMll b~ inunediately due and payabl~: whethtr w not ther~ b~ notkb de. i
mand, m~mpt to collect o~ tuit peoding; u~d tl+~ full amount of each and wery such paym~nt ihall bear ;nrereit from Nu dar~ thereoi unti! paid at rhe '
.ate of nine per ccntwn per innum; ~nd al1 iaid cLsn, charges ~nd expenses in~wred w p~id, topetha with such inta~st, ahall b~ sacused by th~ lia? of this ~
m°rtpp~' I
e. TMt (a) in the event of any b?each of this Mwtgaye a def~ult on the part of the MORTGAGOR, w(b) ie tM event any of said sums of money ~
hemio rrkrred to bs rwt prompHy and tvly p~id within thirty (3p) d+ys nw.t afte? the sams severatty become dve and paysbl~, without dema~d a ao~ice. S
or (c) in tM ~wrp e+ch ~nd every the stipulations. ~greemenb, conditions and covensnn of sa~d prorti~ssory note ~nd th~s mortpape ~ny w e7ther ar~ ~wl
iuly, ptompdy ~nd ful(y perfamed, d~scharged, executed, ef(bcted, tompleted, complied with a~d abided by, then in either or any such ewnt tl+e said ag
yregah wm menta~ed in said promissory note then ~em~iniap unpaid, with interesl acaued. and all mor?eys secured herebY. sMll become dw and p~y~
able fwthwitb, w theresfta, at the option of said MORTGAGEE, as fvlly and compktely as if all of the said wms of mon~y were orig;n~lty •~;pvlated
ro be paid on such day. anythirg in sa;d pomissory ~ote or in this Mortg~ge to the tontrary notwithstand:~g; and thereupon a thereafte~ at the option of ~
said MORTGAGEE, without not~ce w demand, suN at law w in eqvity. '~.refwe or thereahe~ begun, m~y be prosecvted as if NI moneys sacur~d hereby
had rt?atutld prio? fo iri institution.
7. That in tM event that at the begenning of p at sny tim~ pend;ng soy wit upon this Mortgage, w to foreclose it, or to refwm it, o~ to enfo?c~
payment of eny clsims hereunde~, said MORTGAGEE shall apply to the Court h~vinp j~risdictiw~ thereol fa the appo~ntment of ~ Receiver, such Coun ahall
fortFiwiM appoint a ~eceiver of wid mortgaged property att and singuter, i~cludmg all and singvlu the income, profits, iuues and revenues fiom whatever
w~rce derived, each and every of which, it being expressly undcrstood. :s hereby mo.tgaged u if apecifiully set forth and dewibed in the granting and
habendwn davses txreof, and such Receiver ihall h~ve all the broad and effective funct~o~n and poweri in a~ywise e~tr~sted by • Carrt fo a Reteivar, and
such appointment shill be made by auch Court u an admitted equity snd a matter ef absolute right ro said MORTGAGEE, and without reference to the
edequacy or inadeqwcy of ths valw of the preperty mortgayed or to tne sowe,Ky p;nso~vency of s~id MORTGAGOR or the defendann, and that such
renrs, ptofib, income, iuves and revenues shalt be apptied by s~ch Receiver accordinQ to the lien or squity o1 aaid INORTGAGEE a»d fhe p~actite of sucl~
Court.
8. To duty, promptly and fuly perfwm, diuharge, execute, efiect, complete, comply with and abide by each and every the stipulatwns, agreert?enq,
conditwns ~nd core~»nts in said promissory ewte and ~his mwtgage se~ forth.
9. That in the event ths owneeship of tha mortgaged premises, w any part thereof, beoomes vestet! in a penon other than the NlORTGAGOR, the '
MORTGAGEE, its successors and auigns, may, withovt notice to the MORTGAOR, deal with such wcceuw w successor in ir.terest with refcrence to fhis
mortg~ge and the debt hereby setvred in the same msnner ~s with Mortgagw without in any way vitiatirg or discMrgeny the Nbrtgagors' li~biiity herr
unde~ a upon the debt hereby sccurtd. No ssle of the premises hereby mortgaged snd i+o fwbear~nce on tF?e pan of the MORTGAGEE or its succeuors '
or ssigns and no exrension of the time for the paymem of the debt hereby sccured given by ths MORTGACaEE or its successora or assigns, shiQ operate
to release, d;schar9e, rtwdify thange or affett the originel liab~lity of the MORTGAGOR herein, rithe~ in whole ot Fn pa».
10. !t h spccifically agreed thst t;me is of tbe essence of this contracr and th~t no waiver of any obligation hereunder o? of the obl'gsYan se-
a,red hereby shall ~t any time thcreaher be held to be a waiver of the terms hereof w of the instrum~ot secured he+by
11. . to the forego:ng monfhly paYments of princ'pDt and inre~est required by the promissory nole secured w covenants
a~d agrees to pay to mortgag monthly payrr~ent an add~rionsl sum esrimared b mort
y gagee to be o the annval cost of the follow-
ing:
A-All real property taxes levied or sssessed against the abov estate.
8-Premivms on fire and wi~xlstorm ins em requ~red to be carried on the ~ nts situate on tf~e above destribed premises.
C-Prcmiums on zuch gwranry insvra~~ce as mortgagee shat! from ~~me to teme deem fit to c he ban secured I~eby.
1
Motfg~gee rom time to time notify mortgagor in writing of the amount due and pay~bk heteunder and such s II thereupon be due and
payable on due date of the next mo~thly payment and each s~rccessive month tFKreafter until mortgagee shall notify rnort9agor hange i~ such
am . Such sums shall be applied by morrgagee towa?d the payment of real property ta~ces, insvnnce em:~ms, and mortgage guaranty insurance
prlmiYms.
IN WITNESS EOf, the said MORTGAGOR has hereunto ut F?is hae~d and seal the day r fint aforessid.
Sgned, Sest~ d fli d i~ t presence of: . - !
r ~
. ~
r f
~ !
rc--n
STATE OF FLORlDA ~
cour~r7r oF St . Luc i e
~fae ~~Y ~p~. a~~ Jim O. Hamilton
Gloxia Elaine Hamilton "'d
his wife, to me weN known snd known to me to bs
the individwb described in and who executed tha foreqoing instrument, and adcnowled$ed before me that they executed the same for the pwposes
rn~?~„, •,~e,.~d. ~,a rt,e.~~d - Gloria Elaine Hamilton
w~r~ ot rM sa~d Jim O. Hamilton
examin~tion b me bken tt pa •~'~fQ ~"d P~'~~TM
Y perete aod s n from her sa;d Ausband, eduwM,ledged b and before me that she executed said imHwnent frsely and volvn-
rarily and w~tho~t aryr compulsion, constraint, appreherwion, or ear of or from her said h~,~nd.
WITNESS my hsnd and offici~l seal thi ~ ~y March • A D. 19 68
e
Notary Public in ~nd for the tate of Fbrid~ at pe
MY Commiuion eitpires: i ii ' 7~
Return Ta F1LE.D AN~ RECORDED `
First Federd Savings 6 ~wn Assoc;atan LUCI NOTARY PUSLi~. SlAii Of r.......:a ar i:.a:: .
Of fon P~erce. . E CQUt~TY. F(,~, MY COAAMISSION E~CPIRES NOV. 26, i~il t
~ ~ ~ ~OriDEO LfROYfitl_L~660 Q~fItLKOAa. '
Fort Pierce. Flwids • . ~ '
r -i
. • 4 ~ ; , '•..`r. -
'68 t~~~R 25 PM ~ : O 7 = - F ~ ~ -
. ~ ~y _
ared by ~ L,~a~~'~ - ~ . _ .
This ~nstrument prep sn. ~~t= -f.?: ~~~of r~::s .
ral Sav. & Loan As CLFRK ClRCUI1' COURT "r~~'~ ~4 .
First fede . , , .
0~ - ;
By Bo~K ~ ~~1 PACE 188
.l ~ . . . ~C.
s~,~, - _
'~~y~°~~ _ - .
; ~
~ ' -