HomeMy WebLinkAbout0222 l ,
i • .
To plap and conttnuoinly kt~p on tin b~rildin~s rw~w a hKe~fta ~itvat~ on said land ~od on ~II eq~ipn,~nt ~nd p~?wMlly covrr~d by ~hi~ ~norp.
p~, with all p~miw+1~ ther~on paid in full, fK~ i~yuancs in tFv usval ~tandard policy forn?. ~n • sum approv~d by tM MORTGO.GEE, ~od windstorm
tiuwano~ tn tM uswl au+dud poticy form, in a svm approv~d by ~M MORTGAGEE; in tvch company w comp~e~a ss th~ MORTGAGEE n+ay
dindt M?d all fir~ +nd wind~torm insw+na polities on a~y ot ~aid bvild~nps, aoy ini~ra~i iherain or pstt ttssrxaf, }n tM p9reQ+~s ~wn ~fo.~id er
tn ~aceu th~no~, sMll cont~ln th~ wwl sqndud mo~tya9N cta~ a such ot!?K da~n~ a th~ Mortyay-e~ n+ay rpvin, maklnp th~ lou ur~r wd pd}
dw ~+d? and ~w?y, paYabl~ to ~aid MORTGIWEE a its intKe~t m~y app~ar. ~nd ~ach and ~w~y svch poliq sMll b~ promptly ~ss:yn~d u~d d~tivend ro
aey Mld by ~aid N10RTGAGEE u tunhe~ a~curity ro ~sid maty~ d~bt, and, no1 I~ss tMo t~o (1~ days in adv~e~c~ of tM expiration of ~acl~ poficy, to dr
itwt 1o aId INOitTWlGff a rartswal thereaf. togtrha witA a recelpt fa ths pr~miwn of such ren~walj a~d tMn sMll b~ no fin a wi~dstwm inwnec~
pl+ad an any of said build'a+ps, ~ny tnterat tMr~in o~ p~?t tMnof, wdess i~ the fw~n' ~nd wi~h th~ loss p+y~bl~ u ~fonsaWt ~nd in tM ~v~nt any son?
of mo~y bacoma p~y~bl~ u~ uxh po1M? a PolicMS s+id ~MORTGNC,FE shaii Mw th~ option ro r~iw and ~pply tlr sarn~ on ~ccovnt o~ th~ i~d~bt~d
rNSS Ncvnd Mnby w fo pe~mit s+id MORTGAGOR3 ro r~ctiw and us~ it or iny put thcreoi for other pu~~wsq. without the~eb~ waivln~ a impai~-
Inp any p~ity. li~n q ripht undsr or by virtw of thit mortpp~i u?tJ in tM ~wnt aid MOR1GAGqRS stall fp any r~swn i~tl to ke~p th~ aid pr~mis~s w
insurad or f•tl b delive~ promptly any of satd policles of lnsu»nu ro said ARORTGAGEE, w fsil prompry ro p~y futly sny p~emium ther~for p in an~
rapat f~tl ro ps~fonn, ~Kha.y~, sxecuN. ~ii~ct, aon~i~re. c«npiy wirh and ~oiw i+y ~FY~ <Y~WWi~I. ar an
~y a~ y~.. hcreof, said MORTGAGEE m~y plac~ a~+d
full amount of Nch ~nd Y~rt th~of witho~rt w~iv&~p or ~ff~crinp any option, IiM, puity. or ripAt v~de~ a by vi~tw of this Mwtpap~. and the
wKy wth paymant tMll b~ immediately dw ~nd payabl~ +~d shall beu intetes~ from tFw dd~ thereof until paid M th~ ut~ ot
nirw p~r ant~m pK annu,n and together with wcA tnte?at sh~ll be secured by th~ I'»n oi this awrt~sp~.
_ 4. To p~nnit. ewmnh or wffa no wut~. imp~inncot a d~terioration of qid properry or ~ny put ther~of.
S. To pay ~II ~nd ~irguta? tl+..coan, charya u~d expenses, iocfudirg a r~asonabl~ a»omey's fe~ and costs of ~bsnscts of titl~, incur~ed w paW st
+ny time by said MORTGAGfE, becaus~ w ln tM w~nt of ths failwe on the pan of th~ s+id MORTGAGOR ro duly, promptly and fully perform. d~schuga~
execute. ~ff~ct. complet~, oomply with and abide by ~ach and every the itipul~tior?s, agreen,e~~s, co++d;f;an, .nd oo,~e~ann of a~d promi:sory oor• ard ~!?u
mwt~+p~ +^Y a eithe~, and ssid costs, cb+~0es ~nd ~xpe~w~ each and ~very, sh~tl b~ immediately dve and p~y~bl~; whether w ~ot tMr~ be eotki dr
en~nd, ~tt~mpt b co11M w wit p«~d'~gt and tiw full Mnount of e~ch and ~vay wch paym~e?t shall bear i~terest from the da1~ therwf untit psid at ti+e
rate of ~ine per ceetum per ~mwmi aod all said ebs~s, charyes and expensei irKwnd a paJd, fopeth~r wifA wch intetat, ah~ll b~ atured by ths Iwn of this
_
e. 1h~t ~a in the event of any breach of this Mortgage or defaulf on the paA of the MORTGAGOR, w(b) in tM ~vent ~ny of s~id tums of rtwn~y
harein r~fe?r~d ro be nol prompMy and fully paid wi~hie ~hirty (30) d~ys next after the sarne severa!!y become dus ~rw! payabk, wtthovt dem~nd o. ootice,
or in th~ ~wr~t esch and e~uy Ih~ stipulatioeq„ ~preements, conditions and covaesnq of sa7d promiuwy note snd th~s mort~aye any a ei~ha~ ~~e ow
ivly. promptly ~nd fulN perforrned, d~scharped. executed, effected. compkted. compl~ed with and abided by. then in eith~ or eny s~ch ~vent th~ said ag
prefl+N svm mN+tioned in said p~omisso~y npts then remainirg ve+paid, with intertst acvved, and all moneys sec,,,ed herebY. shall becom~ dw and pay-
sbl~ forthwith, or theresfte~, af tM option of wid MORTCsAGEE, as fvlly i~d completety as if all of the said wms of moner vrer~ oripin~q`?- stipulated
ro~ P+'d a^ s~+ ~y. +^Y~~^D P?~~uorY note or in fhis Mortgage ro the contra~ notwithstsndiny: +nd ~hereupon p the~Lsha a1 tM option of
unstr_e~~c~ .~;.i,,..M .w~.~. e.r el.~.+a.+d, ~.,it at lawr w in puitt?. therdoro or thereafter bey~n. may.be prosetuty
d u if all mwteys sewnd htnby
ha~ e?a?wed pri0r to in i~uiit~tion, r ~ ,
7. Th~t in th~ event that at tF~e beginning of or ~t ~y time pendi~g ~oy suit vpon this Mortgsge, or~tQ.fo{v~oss ~-w Eo refam it, q}O Mf0/C~
paym~M of any chims hereuoder, said IMpRTCHGfE ahall apply to the Court having jwisdiciioh ihereOf fo''~ appah~tinqMiqO ~,Receiver, s~ch Court s1»II
FortFiwith ~ppoint ~ receiver of said mwtqaged property all and sirg~lar. includmg alI snd singuF~c th~,i~nnw, y~4fit~,, il~i~ea ~nd revcnues irom wl+~tever
wurc~ dsr7ved. each and every of which, it being ~xpresaly unders?ood, is hereby mortgaged as if ip~dfic~!!~ ~t•fortM~d~kscribed in ths sr~ntinp and
heb~ndwn cla~ hereof, snd :vch Receiver sMll have sll the broxJ and effective funct~ons; and powerr' iri~ny~:~rse enjru~
t~d by i~CouN to • Recsiver. and
~uch appointment shall be m~de by such Couh q ~n admitted equity and a mstter of absolute riQhG. to. aaid- MO~}fil'sA~sE~, •and witlwut nferanc~, ro 11+~
adequscy a in~deyuacy of the valw of the prbpery mwt9a9ed or to the sonrency or insoSvency_ of said /WQiE~C3~A~R or the defeixlants, snd that such
rents, profits, income. iss~es snd r~venues sMll bs applied by such Reteiver accordinq to tM lien or eQuit~of ai~! MdRiGAGEE and the practip of such
CowR
8. To duly, promptly snd fully pe~fwm, dischsrge, exetutq effect, complete, comply with and abide by each u~d evety the stipulations, ~yreemenb,
cond'aian ud covenants in said promissory ~ots and this aartgsge set f~rth. . _
9. That in the evero ths ownership a{ the mort9aged pnn,ises, a any part thereof, becomes vested in a perwn other 1Mn tlu MORTGAGOR, ih~
MpRTGAGEE, iq svaesiors u~d assipns, rpsY. withoul no~ice to the MORTGAOR, desl with such suaessor or successor in interest wi~h rsfer~~ ~p thq
^'°'~9+a° +^d the d~bF hc~ebY secur~d in the same msnner as whh Mortgagor withow in any way 'vitiatirg or dischuginp the Mortgegors' Ii+biGty.i+~-
under or ~pw~ the debt hereby secured_ No sale of rhe premises hereby mortgaged and no fabeuance or~ tha part of the MORIGAGEE w in wtuuon i
o? suigm and no extp~sion of the time fo? the psyment of the acbt hercby secwed Qive~ by the MORT6AGEE or its wccetsors w auiym, shali oper~u
ro release. d'ath~rpe, nwdify dargs or affett the original liabilify of the MORTGAGOR herei~, eithet in wlwb or Fn put.
10. It b specific~tly agreed tl»t time is of the euence of this contract ~nd tMt no waiver of any obligation herevndar or of tht oblipation ~
acred Mnby shsll at any time thereaher be Aeld-to b~ a waiver of the tetms hercof or of the instrwnent sacwed ~herby.
11. In sdditwn to the forego:ng rtwr~thly psymmts of p?inc:pDl and interest required by the promissory np~e s~cured F~~~by~ mo~~gaga rov~n~~ts
and sgrest to pay to mortgsgee with esch monthlY psymeM sn addition~l sum estim~ted by mwtyagee to be squal to 1/1Z of tlx annual coat of the follow- ~
ing: . . t
A-All real property ta:es kvied or aucssed against the above desctibed real estate.
b-Premivms on fire ~nd windstorm inivrance as FKrein reqv~red to be csrried on the improvements situate oa the' above desuibed prem'~ses. (
C-Premivms on such mottgsge gwranty insurance as mortgsgee shall from time to time deem fit to carry on the bsn secured hereby. ~
Mortgagee shall irom time to_ time notify rra?tgagor I~ writing of tt~e amount due and psysble hereunder snd wch wm iha11 thereupon be due and
paysble or~ the due date of the nezt monthly payment and each successive month thereafter until mortgagee sh,ap rwtify rnortgagor of a chsnge in such i
amo~~t. 5uch sums shall be applied by matgagee toward the p~yment of ~eat property taxes, ins~rsnce prem:ums, and mwtgage g~aranty inwra~ce
premi~nru.
IN WITNESS WHEREOF, the.said RTGAGOR has hereunto set his hsnd and seal the day and ~rcar first ~fwessid. ~
~~~O'M'dI.~' bd deli~ed in pr " of: ~ !JK/ iC./--Q,.{~~ `
'['c.!
.~.Q /P~~ _ . . i0
' sp
STATE QF fLORIDA ~ ' <
K-an ~
COUNTY OF - -~t . Ld1C le - -c+~
eefon ms p...on.,, , u~a Al2yn w. Davis ~
Ro se A Uavi s - •"d .
N'° {^'d'n~ldwh described in incl wbo executed the fw his wifc. to me well known and known to me to b~
epoinp instrument. ~nd acknowledged before me that tMy e:ecuted tlw same for th~ Pu?Doses
therein ~cpnsted. /1nd tM said Dnna A Davi s
wife ot th~ pid A11 vn L? Davi e
- . upon s sep~rate ~nd p~iv~t~
ex~minaYan by me t~4e~ separate and apart from F~ said husbsncj, acknowl~dyed to and befae me that she ezecuted s~id irotrument frqly and volurr
rarily and without sryr compulipq, cpnitraint, apprehemiqn~/k fear of or from her ~id h~nba~d. ~
WRNESS my hand and official seal th~s ~ r~r~
d'Y °t ~.,Q; ~9 68
e
- 'tiy-~'
Not~ry P~ ~c in ~nd for tbe SIZpe,q~bf~,
My Commission ~~cpires: .~t `
Retuni Ta : ~ .
first f~ral S~virgt b loan /lssociation • • = ' ~
~wTiur ww ' ` ' ~ ' =
_ Of fort Pcerce. MY COMMIS$ ONTEXP RES OCT: ~ =
Fort Pierce, fiorida ~oMOEO rNeou~N swco w. o~tsi ~ ~
i ,~,~1!~T : :
~ s
~ ~ . ' ~
This instrument prepared by Sr LEO AND RECORD ' : J~r';c
First Federal Sav. & loan Assn.
~
E
C~~fip ~~TY; lA:
f F ierce . _ Rr~~rp .
~ '68 _ r
• . . ~AY 21 AN )p ; 18
:O 'M~" ~
j~ CL~RK~CIRCUIi' COURT BOOK 1~~ PAGE~ ~~Z ~-'G~.
:~w : - , - -
- -
_ - -
,.,~....~M ~;~z , -