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HomeMy WebLinkAbout0792 i S. To plaa a~d cont4wwusly kt~p on 1M buildinps ~ww a hawha uh++t~ oe aid land and on all equipm~nt ux! pNSOndly cova~d by thla maq~ p~, with dl {xemiwrt~ ~hKwn paid in full, fin it+swaac~ in ~h~ vswl s~~rdud policy fo?en, ~n a wm ~pprowd by tM MORTGAGEE. and wlnd~torm Imw~nn M th~ uswl uand~rd policy fam. (n a swn +f+prowd by th~ MORTW?GEE; in wch canpany or comP+ni~s ~s tM 1NORTGACiEE may dind~ and ill fi~~ and wi~tonn hsw~na policia on ~ny of s+M buiW~nps. any inter~~~ tFw«i~ a put tM.~of, in tM apprp+r~ twn ~fa~id a h sxass ~Mnof, ~MII cont~ln ~M wwl uandard manyapN claw~ a such orM~ clws~ a tM Morty+pN n++Y niWin. ~++Mlnp ~M loa undM said po1E ciw, ~ad+ ~nd ~wry. p~Ysbl~ to sald MORTGAGEE u ib intHest ~nay appp?. ~rtd Nch ~nd ~very such policy ~I+~II b~ promptly us:~nwa +nd dtliw«d ro .ny Mld by wW AiWRTGAGEE a ivnha s.w•ity ro said mortp~ d~bt. and. not bss tMa t~n (10) daln tn +dv+na of th~ ~apkation of ~ad+ polky. to da IIvN ro said MORTGAGEE a renewal thKwf, wp~tkw with ~ na+pt fw tM pnmtwn of wch ne~w~li and tMn ~MII b~ no fin w winditwm in~wana pl+c~d on ~ny of aid b~,ildinp~, ~ny intaat thK~in or p+rt thK~of, u~l~ss in tM Mrm'and wi~h ths loss ~yabb a ~fore~Wr +~+d tn tM ~v~nt ~ny we+ of m~y bec+ana paYsW~ unJ~ wch policy a polici~s wk! MORTGAGEE ~hall h~w tM option b nc~iw and +PPh? tl» s+me on +coow~t o1 th~ ir~bt~d nq~ pcw~d hK~by ot fo ptimit ~id MORTGAGORS to ?euiw ~nd use it ot any part tF?ereof fo? o~i~er purposes, without thaeb~ wsivirq w impair- Iep ~nr quiry, li~n o? ripht unde~ a by virtw of this mortpap~t a~d i~+ tM ~wnt aid MORTGAGORS shali fa ~ny ?tawn f~il to ka+p the t+id prNnisa w ins~r~d, a f~il b tleli~.r ;r!~+;+~ly My of said policks of inswu~p ro said MORTGAGEE, a fail promptly fo pay f~lly ~ny pr~mivm ther~tor or 1n any nsp~ct bil to p~rform, d'nchuy~, ~x~cvt~, ~ffsct, oompl~t~. c~omply wirh w~d ~bid~ by this cown+nt, or an~ p~N ht?wf, ssid MORiGAGEE may placa ~nd paY fa weA leauranct w any p~A t1+Keoi without w~lvinp or ~ff~ctinp anY optieq, fiN4 puity. a riqh~ v~ a by virtw of this Mort~ap~. aed tM IvII ~f110V~11 Of Nt~1 MA WNy iYCh p~ynM~M slMll bf imrMdiit~ly dIN ifNl p~yibl! {IMII bNf lnflt!!t frp11 1M ~it~ tF1lflOf u^til piid N NN r~f~ O~ nirk p~r cMtvm pa aruwm ~nd toyelM~ with sucl? l~t~r~st shsll be secvnd by tl+~ lirn of this morpap~. 1. To p~rmit, aomndt ar wffa oo wat~. impaUment w d~tKiwation of ~aid propKty w ~ny p~rt tha+~of. 5. To p~y ~II uw! sinyul~r the <oan, ch~~s s~+d ~xp~nsea. inclvd'uq a nasawbl~ ~ttaney's iN aod oosts of ~bshacn of title, incuned w p+id ~t any tim~ by aid MORTGAGEE, beaus~ a in the ewnt of th~ f~ih~n on the p+N of tM said MORTGAGOR ro duly, prompty and fuly paform„ d~xh~.y~ •xecute. ~ff~d. oanplst~. aomPh w~~h and ~bide by ~ad~ and ~very the stipvl~tions, +preem~nn, conditiom. ~nd aownanK of saM promissory iwt~ and thia mon9p~ ~ny or ~i~Mr. snd ud oos~s. chuq~s ~nd ~xps~r~s, each u+d ~very, sMll be immediately dw u~d psyabl~= whether a not rlwr~ b~ notice ds mu~d, att~rnpl to oo11M w wH p~ndinp: and tM fvll anaw~t of ~sch ~nd ~wry wd~ psym~nt sh+ll bear interost from ths dat~ thcr~of until p~id at the raie of nin~ per eent~m pK ~nrwrnj ~nd all said cbsts, chupes and exp~nses incvrred or p~id, topNF+K with such int~nst, ahall b~ s~cund by tlr li~n of thu mortp~p~. 6. iMt (a) in the eva+t of sey br~ach of this Mat~s~ w defwlt on the ps~t of th~ MORTGAGOR, w(b) tn the ~vent ~oy of wid wms of m.on~r henin r~ferr~d to b~ not prompny ~nd fuly p~id w~~hin thi~ty (30) days eext after the same severalty bec«ns due and payable. without d~m~nd w notice. or (t~ in tlk ~wM tach a~d ~vsry t!r itipulaY~ons, agnemenn. tonditions and coven+nn of aid promissory note ard th~s mo~tpape any w tirAer sn ~ no1 iuh, prompty ard fully pKform~d, d~scharped, execvted, ~fficted, complet~d, complied wi~h ~nd sbided by, th~n in ather or any~ such ~wnt ~M said ap~ prey,~t~ wm mMtiawd in said promissory note fhen ranainirg w~paid, with interest acuued. and all monays secwed hareby, sMll bccane dw ~nd p+y~ abl~ iwfhwirh, w tF~esfter, at the option of said MORTGAGEE, a f~lly ~nd completely u if all of tl+e wid wms of inoney wsre wipin~lly stipul~ted ro be paid on sud+ day, anylMrg in s+id pramiuory noro or in tha Nlo?tga~e to the contr~ry notwithstsnding; and thereupon a there+hs~ at the option of uid MORTGAGEE, without notice or dem~nd, wi: I~wr or in equity~ 1FMflfOft Of ~IIlfNffN ~tMy ~INy b! (NOltCVtQd ~s if all nwneys secvred hereby had mitwld priOr to ih iMtifutiOn. 7. 1F~at in t!w want that st the beginni~p of o? ~t any time pendinp soy wit upon this Mortgs~e, or to faeclose it, w to reiorm it, w fo enforq payment of u~y d~ims hereuoder. said MORTGAGEE shall spply ro the Cwh Mavirg jurisdiction thereof the appo~ntment of a Receiver. t~ch Co~rt shall Fort6with ~ppoiM ~ rcuiver of taid mort9agad property all and sirgv:x, irulud~rg all and singulsr the incoms profits, iswes ~nd rRvenues from what~ver ~ souree dsrived. ~ad~ a~+d ~very of wh~ct~, it be:rg expressly und~rstood. is hereby mwtgaged ss if ~pecifiully sN fath and desaibed in the 9rantinp and habendum cla~set h~reof, snd such Reuiver sh~ll have ~II tM broad and effac~ive funct~ont and powers in anywise e++tnnted by ~ Court to ~ Receivn. ~nd iuch sppointment shall tx eWde by such Cowt ss ~n admitted eqvity and a maner of absolute riyht to s~id MORiGAGEE, and witho~t reference to ths adeqv~cy or insdeqwcy of th~ wlu~ of the prbperry morty+ged w to the w~vency or insolvency of s~id MORTGAGOR or the defendants, ~nd th~t such rents, profits, income, iss~res snd ~evenves shall b~ applied br such Receiver sccordiny to tM lien or puity of s~id MORTGAGEE and the practia of svcA Court. 8. To duly, P.w+~~y .r+d fidy ~.ton+?, ~~.~e, execute, effect, complete, comply with ~nd ~bid~ by each u~d ~very tht stipuktiw~s, ~yreems~q, condiYans snd covenann in said promasory note and tha morty~g~ set fath. ~ 9. That in tM event the ownenhip of the mortyayed prcmises, or any part thereof, becomes vested in~ • penon othe~ thsn the MORTGAGOQ tl+~ MORTGAGEE, its wcceswrs ~nd aasigrn, m~y, without notits to the N10RTGAOR, deal with such successw or 'suscessor in interpt with refereoce ro this mo.t9ape and the deb~ hereby iecu~cd in the sune manner as with Nbrtgago? without in ~ny way vitiatirg a~~scharging the Mwt~agor~' liability h~ra unde? or ~pon the debt hereby secured.- No sale oF the premises hereby moAy+ged and no fabear~nce on the p3rkAf the MORTGAGEE or its suaesson a auigm aod ~o extension of the time fw the _ psyment of the aebt hereby tecured given by the MORTGAGEE or in 'tiiccesson or auipnt, ihall operat~ ro rekase, dixh~ry~, modify charge a affecr the original liabiliry of the MORTGAGOR herein, eNher in whole o~ in part. 10. It is spetifically sgreed that time is of the essence of this contrstt snd th~t no wirvet of any obligation herevnder or of ths obligation ss- a;red hereby sMll at any t~me thereafter be held to be ~ waiver of the terms hereof or of the irotrument secvred herby. 11, ~n .ddrtion to the faeoo:na mo~thlv eavmmts of erinc:osl and interest reuuired bv the womissorv note _ secured ~rrehy~~la~er rew.+.mf and agrees ongagee with esch monthly payment an add~tional sum estimated by mortgsgee to be eqwl to i/12 of the ann~al hFlb~bw-~ > > . . ~ n.. A-All resl prope?ty tsxes kvied or esses sbove described real estate. B-Premiums on fire and w'u~dstorm inwrance as herein reqvir t improvemenb situate on the above described premises. _ f - C-Piemiums on sud~'mat9~ge guuan i gag~e shsll from time to fit ro urry on the Iwe sec~red hereby. Mwtgsgee shall from ' notify mortgagor in writirg of the amoum dve and paysble he~ ~ wm shall thereupon be due and payable ate of the next monthly payment and each succcuive month thereafter until mort shall noti mor 'n such I~ ea property tsxes. ~~surance prem;wns. s mort9age 9uarsnty ~ ance f prlmiwl~. ' IN WITNESS WHERFOF, th~ wid AAORTGAGOR has herevnto ~et his hand and seal tl+e day u~d yesr fiint ~f«esaid. ~ Siprnd„ bd~ delive?ed in ~asewce of: • ~ ~GI~~ ~d+~'Yr!'l~trJG~ ne,0 a~ ~ , l ~'R11~?t ~-P .(Seaq K-+0 ATE Of FLORI~A ~ - St. courm oF Luc ie . , e.iw. m. P«sw~+ty,pp..r.a -W. B. Hamaond .~,d Stella Orean Hannond ~s wife, to m~ well known and known to me ro be ths individwb d~suibed in uid wta executed the fw instrume~t, and acknawledged befwe me that tfisy ~xecuted th~ wme for the purposes ~ ~ ~,;d Stella ~iean Haaaond „,;fQ ot th. ~,id w_ S. Hamnond upon ~ sep~r~fe ~nd priv~t~ ex~min~tion by me tsken sspsrat~ ~nd ~part from her said hu~band, ~dcnow{~dped fo ~nd befon me that she exetut~d said ie?strument freely and volu~r rarily and witlwvt u~y compulsion, constraint, apprehero~,~r fex of or from her said Misband. . WITNESS my M~d ~nd official seal th~• u~~ a.~, of Jun A. D. 19 68 . ,Q/1.~ b~- ~1~.~~ ~ ~ Notsry Public in u+d fw the Stat~ of Fiorida af lu~ ~ My Commiasion ucpir~s: ~ (r - rf/ RNwri Ta ~ F;.., z FILEO . AND RECOR~Y ~~BUC• tTATE OF FLOQIDA AT LA~6E ~ or F«~ PK.~. ST. LUCtE COUNT ~~~~ON E~(PIRES NO Forr Pieru. Flo.ids Rf-Cnqn Y•~5~i rnsouan lNEp r. a~~sr?6, 1971 ~~n e~HOw~~ ~ ~ This instrument prepared by '6e . ' ~ ~ first Federal Sav. & ~oan Assn. JUN I 0 q~ 10 ; 36 , ::f ~ ~ of Fort Pierce -~s`~'84$ - - ~ ` ` ~ ~ ~ ~ ~ By • J. t'~llina ~ ~R ~E'ri i~01TRA$ - _ . ' _ ' ~ ~ - _ ~ • ~E K CIRCUIT COURT ,:.~.u.. : ~ . . . . ~ ~_t •.4'. - ~ . $D~(~~ P116f i~V ~ ~ ~ ~c. _ _ _ _ _ _.~..k _ ~,~r..•.. : ~-ra--_ _ . . , -"s