HomeMy WebLinkAbout1188 . : • ` ~
To pl~n and conHn~o~sM kHp on th~ buildi~gs now w hKNh~? utwN on aid land a+d on ~II pulpnwnt snd pKwnally cowr~d by this nwrl¢
pa. witA dl pr~miw~4 tMrwn pacd in fu11, f'u~ inivwnc~ in th~ uswl sandard polky fo~m, !n • sum ~pprowd by tM MORTW?GEE. and wi~1d?twm
Uuwanc~ In tFw wual ataod+.d policy fan~, in • swn approv~d by tFN MORtGI?GEE. in wch comP+nY o~ c«np~nia ~s tM MORTGA~3EE iw+y
dinc~t ud ~il iin ~nd wied~wrm inwrana policia on ~ny of ~+W buildlnps ~ny iet~nst tMr~fn a part tMrwf, in ~M ppnyat~ wm ~fonwid a ;
N~xoe~s tMrwf, slwtl contain tlw uswl st~ndud mort9spk claua a such othK d+us~ a tM MatpapN ^++r n9uih. nNkinp tM los~ undK a~d PdF
ciw, ~ad~ and ~wry. Wr•b1. a s+W MORiG~GEE a in t~rKa~ may .pp~.r. N+d ~ach and ~wh tuch Pclky ~Mil b~ p~anptly ass:yned ~nd detiv~ted ro ~
~ny Mld by s~W MORiGAGEE a fwthK Ncurity ro uid monp+~ d~W. and. no1 I~s~ tFWn t~n l1~ days in ~dvana of th~ ~xpkstion of ~ach Po~kl?. ro d~
Iiwr to said MORiGAGEE ~ rawwal th~nof, ~op~th~? with ~ reo~ipl fa tM p~miwn of weh newwalj aed tM?t shall b~ no fin w wiads~orm inwn~
pl~pd on anr of said buildinp~. any interat ti~~in a put tMrwf, vnlKa in tM foan'~nd with tM bas psyabl~ as ~fonsaid~ u~d ie tM ~vent ~~iy ~um
~~y ~~en~~ p~y~bl~ ~nd~ weh polky a poliei~s s~id MORTGAGEE thall Mw tM option ro heeiw and ~pply tM sam~ on +ecouM o1 tM i~d~bt~
nas pcvnd h.r~by a a p.imi~ ~+id MORTGAGORS ro reo.iw and w. 1t w any part thereof fw othe~ purpostf. without thereb~ waivinp w imp+iti
inp ~ny qvity. li~n a ripht w+d~~ a by vinw ot thh mort9p~~ a+d in tM ~vent said MORTCsAGORS shall fa ~ny nason f~il to k~ep tM wid pnmis~s so
insund, or idl to dtliva ptomptly ~ny of ~aid polieia of ieuursne~ ro said MORTGACsEE. or f~ii promptly to p~y fu~ly u~y pranium tbtnfw or in sny
n•paa f.tl a p..foan, d'achar~.. ~x~cut~. ~ffM. tompl~t~• oomply with and ~bid~ bY this cow^+nt, w ~ny ps~t M?wf. ssW MORTCsAGEE m+y plsu and
p~Y t,. wch haurar~ a~? {wt tMrwf without w~Ninp w aff~dinp ~nY option, bM, puity. or riqht w~dK w by virtw of this Mort~ag~. ~nd tht
full ano~nf of t~th ~nd ~vMy woh p~Y+nNM ~MII b~ imr~nedl~ttly dw and yyabb aod aMll bNr G+t~?~st $om iM d~M ihK~of until p~id M th~ rat~ ot ~
n;n~ pN centum pa a~d to~thN with wcA int~r~st tMll be recund by tiw lia ~ of thb mo?tpsye.
I. To p~nntt. ~M a wffsr no wait~. 4npaurn~nt w d~tKioatioe of uW prop~rty or anY put tM«of.
S. To paY aM md Yiqul~r 1h~ ~own, ch+~s +nd ~xp~nws, includinp a.eaion+bl~ ~nwn~y's fk and oosts of aMhacts of titl~, incuned o~ paid at
~ny tien~ by s~id IMpR1p~AGEE. bwus~ a in ths ~wet of tM failuro on t!n ps~t of tM uid MORTGAGOR to dvly, promptly aed fully pKform, diseh~r~
~xscvt~, ~ff~N. aon?pM1~, ao~ry~l~? with and abide by ~ad? and tvery th~ stip~latiom, ~prt~menn. tonditiaa, a~d oow~+nb oi said promiswry ~ob and thu
mo~ty~p~ +^Y a~itlw. and wid aosn. chu~a ~nd ~xperws. each and twry, sh~ll be imrnediat~y dw ~nd payabl~j wMtMr a not tMr~ b~ notke ds
m~nd, ~tt~mpl to ~eU~ct a wit pendirgs u~d tM full amount of ~ach and werY wch P+Ymam sh+li bea. intaie~r fran tM dat~ thereof until p~id N th~ ~
f~l! Of niM PN CNM1M11 PM MwN?tn: antl ~II Nid Cdfff. chuyes and expeoses inwrr~d or p+id, top~tl~ with wch inta~st. ~MII b~ a~cwed b~r tM Iwn of thi~ ;
mo~tp+pw • !
a lAM W Ir, tIM ewnt of any brssch of thi~ Mor~pape or dehuh on th~ part of ~Fro MORTGAGOR, or (bi in tM ~wnt ~ny of s+id swm of ma+~y ~
r~f~rc~d b b~ r~o1 prompty and fully p~id within thiny (30) days next after tM same sevaally becane dw +nd payabl~, without dem~nd w notite. ;
o~ W M the•~rw11 wch and ~wry tl+~ ttipulations„ +~reementt, condiYions and town+nts of sa~d pomiuwr oot~ +nd this mortpap~ aey a N~Fwr are no1 ~
~I, prpmptly ~nd fully p~rform~d, dixharped. execut~d, dfected, compkted, compli~d with ~nd abided by. Ihen"in either a any such ~wnt th~ said ~
~r~y~N wiw mMMio~nJ in taid promissory note tlxo remsininp vnpaid, with interat acuwd. and ~II moneys s~tur~d hereby, sMll bscorn~ dw ae~d p~y-
~N fpf~IlMI~IIL p 1IINNftM, at th~ option of said MORTGAGEE, u fully and compl~~ely u if all of tha ssid wms of mon~y wen uiqinally st~pubted
Ie b~t p~id an suth daY. snythiny in ssid promissary eoro a in this Mottysge to the contrary notwithsUnd'u+p: and therwpon w ther~aha al the option of
Nld MORTGAGEE. witho~t nosics or dem+nd, svi~ at law~ or i~ ~q~rity~ ?I1f~lfOf! Of ~FIQfNftN b~yun, may be prosec~ted ss if dl mo~eys s~ar~d hertby
A~d nrlynd pri0? to iri ietftitufion. ~
~ That in tM event rhst st ths beginnirg of or at any time pe~ey aoy suit upon thL Mortysp~, or to foreclos~ lt, a fo nforrn it, a ro enfwa
parw~M of any d~ans Mreunder, said MORTGAGEE shall apply to th~ Co~n haviny jurisd~ctan thcreof fw tM ~ppantment of a Receive~, wch Couit sh~ll
iprtliwith ~ppoint ~ roceiver of said mort~~ped property ~II ~nd sirgula~, includ~ng all and singulu the inc~oms. prolits, issws and revenuss from whatever
~ourp d~riwd, ~ad~ and every of whkh, it beieg eapreuly ~nder:tood, is hereby mwtgsged u if apecifically sst fath and deauibed in th~ pranynp and ;
h~b~ndwn dausa hKeof, and sud+ Reuiv~r sh~ll Mve aU the broad and effedive fvnct~ons a?~d powers in ~nywi~ entrwt~d by a Coun to s Reuiva. and
wch sppointmtnt sMI1 be mad~ by svch Court u ~n ~dmitted equity and s m~tter of absolute ri9ht to ssid MORTGAGEE, and without referv~i- to tFN
ad~qoacy or in~d~quacy of the wlw of the prbperty matp+ged w to the sotvency or insolvency of said MORTGAGOR w tM defe+?dants, +~+d that such
rM», profita, income. iuues +~d rwenws sMll b~ spplied by such Receiver accwdiny to the tien or puity of said MORTGAGEE and the p~~ctioe of wch
Court. - .
& To duty, promptly ~nd ivlly perform, d'achar~~, execute, effect, complete, comply withYand abids by e~ssh and every ths stipulations„ apre~rns~b,
conditions and coven+nh in said promissay note and tha mortgage set fath. _ -
9. That in tM event the ownership of the mortg~ed premaes, w sny part thereof, 6ecomes vested in a perwn other tMn the MORTGAGOR, t4w ~
MORTGAGEE, its succesion and usipro, may, witFaut notice to the MORTGAOR, desl with such wcceuw w wccessor in intere:t with reference ro this .
mwlp~ye ~nd tM deW liereby seourad in th~ samt_ m+ro+er +s with Mortgaga withovt in any wsy vitiatirg a disch+rginp the Mutyspws' lisbiliry her~-
uader or upon the debt har~by secwed. No wl~ of ~he premisn hereby mo.t9sy~d aod no forbtar~nce on tM put of tM MORiGAGEE p ks wa~sson ~
or ~uigro u~d no extension of the time fw the p~yment of the aebt hsreby secured ~iven-by the MORTGAGEE w in successon or as~iym, shall operat~
ro rekue, d;idWry~, modify c~g~ or ~ffect tM wgiiwl lia"bility of the MORTGAGOR Mrein, eitMr in wFwle w in put.
10. h is speciP~c+lly agra~d rMt tim~ is of the e~senc~ of this contrscr and thst ~+o waiver of any oblig~tion ~oder w of thi oblipatio~ sr
cw~d her~by shall at ~ny time thereaft~r be htld to b~ a waiver of tha terms hereoi w of tM instr~msnt secwed herby.
d~tan to tl» forego:ng monthly paymenh of p.inc:p~l ~~d interest required by the prom~uwy note secured hereby~ mort9~gor covye o~ t
and ~grees to p+y a ee with esch ma+thly p~yment an +dd~twnal sum estimsted by matyagee to be eqwl to 1/12 of the aonw{ co f-tk5'~ol{ovw
i~; - i
A-All real properfy taxe~ IeZied a`assessed ~g above described reel estate. • '
B-Premiums on firo and windstorm inwnnce as herein requ:r ried on tFle im n situate on f}~e ~bare described premi~es. ;
C-Preiruuaa on s4ch mort9sye 9wrany imurance ~s mortgsyee fit to carry on the loan s~turet! he~ebY• !
3
Mortg~gee sh~ll fram time to time notif nt~np of the amount due and psy+ble hereu shall thereupon be doe and
pay~bls on the due date of the y psyment and each successivs mw~th thercahe~ ~ntil mwtgagee shall notify mortgag e in uxh
araoun~, S~xh applied by mortgsgee toward the payment of resl property faxes, insurance prem:ums, snd mortgaye ~uaranty ~
~ IN WITNESS VYMEREOF,,the ssid MORTGAGOR has herevnro set his hand ~nd sesl the day snd year ' t a oresa'
S;pned, and iwr tn the presence of:
n ;
.
` - n
,
~n
~
STATE OF FLORIDA ~
$t. L11C1Q
COUNTY OF -
Befom m~ psrson+lly app~ared I~d 'T.. Saine and
M1C111@A@ V. Salri@ his wife, to me well known ~nd known to me to b~
the Individwb desc?ibed in ud who ~xec~ted tFK fors9oirg instrumeot, and ~dcnowledped before me tMt they executed th~ ssme for the pvrposes
~e~ ,~,d ,,;d Madilene V. Saine
wif~ ot the s~id Ned L. SalI16 vpon a sepu~te and priv~b
examin~Yan b~r me taken separate and spart from her taid hviba~d, ~ckrwwledged ro+nd before m~ that ~he exewted said ieatrvment fresly and vvlw+- s
q~ily and witho~t ~ipr oompulsion, c«+straint, epprehensiop~ >r feu of or from her said hu~band. ,
i
WITNE55 my Mnd ~nd official seal thii l9~ day of June D. 19 68 ~
Notary P in u+d fw t Stat~ of Fbrida at Lar~
My iuion ~zpires: u'. / ~7(i
Retum 1a ~A__~_ ~ wye
Rrsr Fedenl Savirps d. losn I?uociatior+ ~ • Mota •~~t~w~¦
Of Fort Pierce. ~ : . • . . My ry,(~,ppi~,,~/jR~S,S1011.~XPW~ ~ ~t
Fort Pi~rce. Florids i+.:.,`~.!(!• '~'~Xl r' m
' j~~. : •''.y ='j x ~ ~ v
' - :r.= c~~=: N ~m~
i'' G~ ~ Z= 0 Z
I'~ . p~ . C~ ,0~
A~is iristniment prepared b~ - e~ : ' ~ ; ~ ~ ~ ~ ~ e :
~rst fe~eral Sav. & loan Ass~t: : ~ x - - n ~ o ~
J _ J t
of Fort Plerca : . ~ • • ~ ° F
J. Collins • ~ ~''~i~ ' ~ ° y v
~ ~ ~ ~
, _ ~i`~ ~~i~ - - ~ ?
~
- _ - - - - - _ _.-y-. P~:-
; -