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HomeMy WebLinkAbout2121 . ~ , . • f ~ ~ ~ t ° s! To plau ~nd cont~uously kNp oe? tM buildinps now o~ ha~aha ~itwtt on s+id land and on all equipm~nt a~d p~+son~lly eover~d by thh nw~t¢ i y~, with ~II pr~mtu~ th~rwn p+~d in fvll. fin insvanc~ in the uwd standard policy tam, ~n ~ iu~n ~pprov~d by tM MORTGAGEE, snd winduwm inu?ranc~ in th~ ~nwl srand~.d poliey fan~, in a wm ~pprov~d by tM MWtiGAGEE, in wch canpar?y a compaoas a tM MORTGAGEE may d'u~ctl ~+~d ~II fin u~d windswm~ i~uru~a policas on ~y of wid build~np~ ary h+t~nst thaein w pa.t tMr~of, io ~h~ apprep~~~ w~n ~fa~id o~ in ~:uss tMrcof, sh+ll contain tF» vsual iundxd mortya~ cl~ua~ a wch od?N ctiw~ a ttv MorlqapN m+y rpvi~~. en~kinp tfie tou w+dN taid poli~ cia, ~ach ud ~wry. WWbI~ to aid MORTGAGEE a iq ir,t~:est may appyr. uid ~ach +nd ~vay s~ch policy i1u11 b~ p~omptiy ~u:pned ~nd deli~wred to ~ny MW by uW MORTGAGEE s~ iurthN acvri~y to ~atd mortpspe d~bt. and, oot I~ss Mwn t~n p~ days in advana of tM exp4~~ion of Nd? po~icy. to dr {iva 10 ~+id MORTGAGEE + ~en~w~l thKeof, wpetha witb a receipt fo? ths pnn+tv+w of wch r~newalj and tl~~ shall no f~n w winda~am inwrurc~ pl~pd an ~ny of said bvild'ags, u~y interat tl?K~in o? part tl+~nof, unl~u ie ths iwm'a~+d with ~M losa paYabl~ as ~foni~td; ~od in tM ~vent any s,x~ of mw»y becaMS p+Yabl~ ~+!~la wt~~ PdKY a P°liciss said MORTGAGEE shal) haw th~ option to nceiw snd ~ppfy tM sa~ an acco~n• of tM ind~tred rwss acvnd he~eby or a pKmit faid MORTC~AGORS ro receiw u+d us~ fl a any psrt tixreof for other purposes, withwt thsrebt waivi•y u~mpai~- inp ~nY puiry. IiM a ripht under or by virtw of this mortp~p~s ~nd in tM ~vent Nid MORTGAGORS shall fw any r~aton fail to ke~p th~ s+id pr~:~use~ w inivnd, w fail w deliwr pranptly ~ny of said polKiq of i~+sunnc~ to said MORTGAGEE, or fail promptly to psy fvlly ~ny prem'wm therefor er in ~ny nsp~ct fsil b pe~forn4 diichar~, ~x~cut~, ~ffM, tompl~t~, comply with ~nd ~bid~ by t!w cov~nant, or any p~h h~rwf, s+id MORTGAGEE mr/ plate ind p~Y for such insuranu a ~ny parl tMreof without w~Ninp or ~ff~ctinp any option, tien. aquiry. w riphl und~r or by vlrtu~ oF thi• Mor~Qap~. srd the full arno~nt of ~ach ~nd ewry s~?th paYm~nt shall b~ immedi~roly dw and p~yabl~ and shail btu int~rest fran tM dah tF~tteoF w~til paid at th~ rab o) nin~ pa centum pN annum ~nd tog~tha with sucl? intsrest shsll be s~cund by tM li~n oi tttis mort9~. I. To pKmlt, commit or wfhr no wute, M~'ument w d~re?ior~tion of aak! propsrty or any put tMrwf. S. To pay ~II u+d sinpular tM.cwts, charpp ~nd ~xpK?ses, incl~dinp a rea~onabk attomey's f~e ~nd aosn of ~bstracb of title. i~cun~ w ~+aid a~ ~ny time by ad MORTGAGEE, b~cavs~ a in the ~wnt of ths failon on tht part of the s~id MORTGAGOR to d~ly, promp~'; a++d ivlly pwfw~n, d~xMrgR ~xecvt~, ~ffep. complet~, compN with ~nd ab~ by ~ach and ~very tM sYepul~tions, ~preemee~s„ condit~o~u, ~nd cownants of s~ld pra~+iss~y cote ind tha mortyap~ u~y w either. ~nd s~~d cost~, chary~s and ~xpenses esch ~nd wery. shsll be immedistely dw ind p+yable: whethN u not ther~ ba norice dr marwi, atttmpt to collast o~ suit pendiegs and tM full ~movnt of exh and avery such paymeM ahall be~. in~erea~ f.om ~M d~te thereaf un~il p.id at ttw rate of nine pe? tentum per annum; ~nd ~II aid ebsn, cMr9es and expenses incwred or pa~d, toptthar with wch in~~rat, ahall b~ wcwd bp tM Iw~ ot thu 6. 1'Mt j~) in ths wa+! of ~ny brsach of tha Mortyaye o~ defwlt on the part of the A10RTGAGOR, w(b) i~ tM ~vent any oi said wnn of mo~ey herein nhrnd to b~ not promptly and fully p+id within thirty (30) days next after the same tevaally become due and payabk. withour demaod a noricr. or (cJ in tM ~wrq each`~nd every the stipulations, ~greements, ca+ditions and oov~n+nb of said promiuory note ud this morlqaya ~ny a eith~r ar~ nol iuly, pranptly ~nd f~lly perform~d, d~scharped. executed. ~ffbcted, completed, complied wi~h u~d abided by. then i~ eith~r w aoy soch ~vem tM said ag prq~t~ wm mer?tiornd in said promiuay note ihen ~emsininy vnpaid, with intersst scuued. and ~II mon~ys ~acured hsreby, shall becom~ dw ~nd p+y~ sbl~ iwthwitl~, a tM?s+her, ~t tl+~ option of said MORTGAGEE, as fully ~nd canpkteFy as if all of the said sums of morwy were aipinatiy s~ipu!~!ed to be paid on wch day. a~ythirg in said prom'~ssory eate w in this Mortgage to the contrary notwithstandirg; and the?wpon w theresfte~ a~ tM op~~ of said MORTGAGEE, witFaut notice or demand, wit at Iaw or in pvity, therefa~ or thereafter begun, may be prosecuted as if ~II moneys secund hereby nad matwed prar ro~n iosrisutan. 7. Th~t in tM wcnt that st the beginning of or ~t ~ny tirn~ pendirg soy suit vpo~ this Mwtgage, w to fwecbse it, or to roform it, w to ~nforu payrne~t of any claims hereunder, s~id N?ORTGAGEE shsll apply to the Court Mving "ryrKd.aion thereof for ths eppantment of ~ Receiver, sucF? Ccw~t :hall , Fwtliwith ~ppoint s receiver of sak! matgaged property all and sirq~lu, includ~~+g all and ii~gulu tFu incom~, profin, iiwes u+d ~tvenucs from wh~rever wurce deriwd ~sd~ and every of whKh, it being ~apreuly und~.stood, is hereby mo,tpaged ~s if spec~ficalty set forth and dewibed in ~he yrantirg and habendum cl+vses hereof, and such Rec~iver shsll have all the bro~d and eHec~ive funct+om and powera in ~nywise entrusud by a Cour~ to a Receiwr, •nd i~ch ~ppointment shall be msde by wch Court u an admitted equity snd a ma~ter of absdute right w said MORTGAGEE, ard w~~hout ~eferancs m the ~dpv~cy a Y+sdeqwcy of tM value of the prbperty mortg~ged o? to the solvency or insolventy of said MORTGAGOR a the defenda.~ts, snd tis:1 s~rch renrs, profits income. issues snd reverwes ihsll be spplied by such Receiver accord~nq to tM tien or puity of s~id MORTGAGEE a~d ~he pr~ctiu of sucA Cwwt. 8. To duly, prompNy snd fully perFam, dischar~e, execute, effect, cvmp:s~s, comply with ~nd abide by each and ~very the stipvlations. agreemenq, conditans aed coven+nn in said promissory rote snd this mortgsge ut forth. 9. 7Fwt in the event the oMrtrorship of the mortgsged premises, or any part thereof, becomet vested in a p'lnon other than t!rc MORIGAGOR, tM MORTGAGEE, ib wctessors and auigns, may, without notice to the MORTGAOR, deal with such sutceuw a avtteasor i~ iMerest with reference to this mortyape and the deb~ hercby secured 'm the sams manner as with Mortgsgw w~thow in any way vitieting or d~schsrginp the Mwty~gora' IisbiGty herr under p upon the debt F?ereby secured. No ~sle of the premises hereby mortgaged and no fwbesrance on the psrt of the MORiG4GEE w its succcssors or auigns and no exteruion of the time for the paymeM of the aebt hereby sccu:ed given by tht MORTGAGEE or ib tuctesson o? au~gns, sfiall oixrate ro rekas~, dsch~r~, modify chang~ w affect the oriyinal liability of the MORTGNGOlt herein, either in whole or in psrt. 10. It is specifiwlly agread that time is of the essence of this contrut and that ra waiver of sny oblgation here~nder or of the obligation se- a:red h~reby sM11 ~t any time thereafter be heW to be a waiver of the terms hereot a of the instrument secwed herby. 11. In sdd'+tioe? to the forego:rg monthty psymenb of princ:pDl and intrrest required by the promiuory note secured hrreby, mo?tgsgor covenants and sgrees to pay to mortgagee with each monthly payment a~ add~rional sum est~mated by mortgsgee ro be eqwl to 1/12 of the a~nual cost of the foflo.v- , irtg: A-All real property ta:es kvied or assesud against the above dcscribed real estate. i B-Premiums on fire and windstwm insurance as herein requ~red to be cs?ried on the improvements situate on the above described premises. ' C-Premivms on suth mwtgage guaranty ioswance ss mwtgsgee shall fra:? time to time deem fit ro prry o~ the ban tecured hercby. Mortgspee shall from time to tirne ~otify mort9agw in writing of the amount due and payable herevnder and such wm shall thereupon l•e due and S payabk a+ the dve date of the next monthly payment and each successive month !hereaffer until mortgagee shall notify mortgagor of t charge in sucF+ ; amount. Suth sums shall be applied by mortgayee toward tlx payment of real propetty taxes, inwrance p~em~ums, and mortg guatanN i+uwael~~ - k ptemiWnf. , ' Anii'=Rilr,~, _ : y1~' . v`i._ ~ . j IN WITNESS WHEREOF, the said N~ORTGAGOR has hereunto set his hand and seal the da yeat rst af ~d. ' t~~~'~ . ~ ~ S~a and 1' ed in the presence of: •~,r.._=•~`;~ : A~ ~ /1~'t ~t - a ~ o . , . , ~ t, ~ - ~ ~ ~ ' , . . . ~ I - f ~ ' ~r';~'. ~ ' D nita , nr,~ ry:. ~ ) + ~ . STATE OF ~KY V /K~ irvt/y~ ~s~ ,ti `t ~ ~ ~ ~ ~ 3a, t~?(~ ~~~'~~~z~?~ ~j_i;:'~~• ~ Fsq ~aF.r~ ~c u- " ~ + . , . ~ ~ r courm oF 4,.;'~q ' ~i„~ ~,,,,,~Iy Pau 1 C. Ho 1 de n Menzeaita M. i.o3ii~n h;s w;fe, ro me wetl known .~d k~W~ to m. w b. ttw kid'ividwb d~saibed in ~nd who ~x~tus~d the fwe9oi~g instrument, and ~cknowted~e~ fore me tMt they exewted the ssrr» for ~he purpwa ~ ~ j,~a Menzenita M. Holden _ - w~~~ Pau 1 C. Ho 1 de n up«, , upsrstt ~~d pr'rv~N ~ e:amin~tan by m~ taken tepual~ and apart from her said husbsnd, acknowledged sa ~nd before me tMat sh~ ~xacvtad s~id instrwrKnt freely ~nd voiw~- tarily and wi~hovt arnr comp~han, comtraint, app.e ~~ru ot a from he? ~+d husband ~ WtTNE55 my hand u~d oiticial ~eal th' ~ day of Apr 11 p ~p ~+E~ ~ ~ ~'l, '1 Lv y a~.~' ' ~ ~ Notary Pubtic i and for the Sat~ of ~Nw~.~.~g~ ji~ , ~ My Commission acpires: o v r~ t Y o F~C'.d l.~/'~.~ J~ ~ R~h,m To: first f~drral Savinp~ i lo~e~ Auoeiatan ][y ('.~'i:~~f 7 ~.~'~ti.g ~ a c«, v;~.~. FitEO aruo RE HOVE~.:yL : 22, 196~1 ~ F«+ PK.«, f~«~, ST. LUCIE C~UN TY FLA. ST.~EO AP~D R~CpROEQ ~ rn~~ ~;~,r~ E ~ zucr couriTY. F ~ ~ .~~~'#i3i3 Of'n ;•.•r,1Fir~~LA. ~ This instrument prepared by '68 Ap~ ~ 9 ~ .j ~~8_i ~ _ ~ first Federal Sav. b Loan Assn. l~ ~Q ' ~ S 'se of Fort Pierce ~ ~Y 3~N SZ gy J. D. Chastain i'~'~,~r "'7~c~~Z~ , CLERK CIRCUIT ~O~RT ~ p ? ~ . ~ , S - ~ CLERK CtRCUlT CO(1RT ~ . ~t71 A~ , ~ . - iD~ ~ ~ f~iGF~ ~ ~ , . , : s _ ~ - ~ , - - --~_.~__u<._ _