HomeMy WebLinkAbout1301 To plaa and conHewro~sly kNp on th~ buiidinp~ now a henaha Wro~N on s+id land +~d o~ ~II putpnvnf and pasonally cov~nd bY thls ~+or~P
p~, with dl pruniwdl~ tMnon p~~d in 1v11, fin iesur~~ in th~ utwl u~edud poticy iorm. ~n a swn approwd by t~n MORiGAGEE, uid wird~to~n+
irowano~ tn tM vwal sund~rd pol~cy fan~, in a sum ~pprowd by tM MORTGAGEE. ~n wch canpa~Y a comP~~ia a th~ MORTGA(3EE may
dineq ~nd all fin +~d winds~orm Ma~rcana Polkia on any of ~aid build;np~, a+y Int~t tl~eh a pa1 eMnof, h tM ppr~t~ ~w+n ~toraaid or
in ~xan tMnof, ~hall ca+taln tM uw+l s~andud mor~~+y~ d~uw a wd~ al~ daus~ a tM Morty+yN nwY nq~~n. n+akinp th~ loss vndN wid pdF
ci~ ~ach u+d r'rrY. WY~bN ~o a~W MORTG/?GEE a in inqr~~t may sppN~. u~d ~ach u~d ~v~ry arch polkq sMll b~ Prompth? +a:9rwd and delivKed to
any Mld by wW MORTGAGEE a fwth~r s~w?ity ro atd mo.~a+~ dabL ~nd not le~s th+^ (10) day~ in ~dvana of tM ~apk~tion of Nch pol~cy. to da
Ilwr ro aid MORTGAGEE • ~en~w+l tMnof. wp~tha with a naipl fa th~ phmiwn of wd+ nn~walj and tMn sh+ll b~ no f'w w windstorm 4aw~nc~ ~
pl~ad on ~ny of wW butldinp~, iny intaat tl+Kein or p~rt tMrwi. vnlas in tM fam'and with tM bas paY~bM as afaa+id~ u~d in tM ~wnt ~ny wm '
of mon~y becanti p+rablt wd~ wch polkl? or Polki~s said lNORTGAGEE sh+ll h~w th~ option ro nceiw and apply tM ~ oo auow~t o1 tM Md~bted~ ~
n~ss Mcw~d ha~by or 10 pKmif s~id MOrtTGAGORS ro?euiw and u~ N w+ny put therwf fw other pwpos~ti wirhouf fhaeb~ w~ivin~ w impair• ~
+M? ~quity. li~n w ripht wid~r w by virtw of this mortp+~~ and in ~l» ~vwu s~id MORTCJIGORS ~h+ll fw any nason fail fo ke~p tM wid p~M?iaa so ~
irourod, or f~il a deltwr pranpty ~ny of taid polities of inswsnu 1o aid MORTWIGEE. w fail promptly M paY fulh sny pr~mium thK~for a in ~n11
nsp~et fail to pKfocn~, diseh+rp~. ~xavte, tff~d, eompl~b, oomply with ~e~d abid~ by this cov~e+nt. w anY put hKwf, said MORTGAGEE may p~aa +nd
WY fa wd+ Inswar?o~ w aMr part thK~vf withow walvlnp or aft~clinp aMl aPt~or4 ~~4 ~4uity. w riph~ u~d~r or by vinw of this Mortpap~. ~+d tM
fu11 «novm of eacA and rv.ry wd+ p+rm.m sh+ll b. ~mr~..d~ny dw +nd p~raW. and ~h+U bear inanst from rM dan rhsreof undl pad at ~M ran of
n;n~ pw wntwn p~r ~rwwm u~d to~etha with sixA fnta~st sMll be s~cund by th~ li~n of thh mortyp~• ;
1. To p~rmit. oomnJt or wffa no wasq. imP+ument or d~teriwation of s+k! propKry w ~ny put thenof.
3. To p~y ~II a+d sinpular th~.toah. tharpa and exp~e?s~~, L+cludinp + rtason+bl~ atto?ney's f~t and aostt of ~bahacls of titl~. kKwr~d or p+id ~I
any tim~ by ~aid MORTGAGEE, b~caw! or in th~ ~wnt of 1M fsilur~ on tl» p+N of tl» said MORTGAGOR to d~ly, promptly ~+d f~11Y pKfor~, dischu~
execvta ~fhd. oompl~t~. aa~Ph~ with ~+d abide by ~sch and ~very th~ stipul~tiorn, pre~n~s. conditiww and aown~nts of said promis~ory ~oN ~nd tha
mo:tp+p~ anY a~itlwr. and taid cab. chu4a +^d ~aP~e~. sacl+ ~ed ~very, ahall b~ Ynrnediat~ly dw and p~y~bl~t whNMr or not tMn be notid d~
mar~d, att~rnpt ro oolket a wlt p~nd'mps u~d tM full art~ount of ~ach ~nd w~ry s~ch pym~nt aMll bea. interes~ from tM dat~ tMr~of until p~id st thr
rate of nlrn per esntum pt? ewwmt and all said obits, th+r~s ~nd exp~r?ses U+airrd or paid, ropNMr with wch in»wtt. ~haU b~ s~cwd by th~ li~n of tha
morrp~p~. ~
b. TMt W in tlr ewnt of ~ny bn+ch of this Mo~tp+pt w defwlt on N+~ part of the MORTGAGOR. or (b) in tM weot aey of wid aam of rnoe~y i
herein r~hrnd ro b~ ~wt promptry ~nd fvlly paid within thirfy (30) days ~ex~ after tM srm~ s~veralty b~cane dw and pay~bl~. wifiqw d~nwnd or notiu. -
or W In the ~wnt e~ch u+d ~wry tM stipulations ~re~ments. cone4tions and oo~n~+nn of Nid p/WnlliWy 110ff ~nd th~s mort~~ any a either an nol
iuly. ~o~ry u~d ~ih P..twm.d, d'~scharped, ezawt~d. effbcted, compl~ted, canplied wirh H+d ~bided by, th~n in eitMr a any such w~nt th~ aaid ~g
prq,~h swn ma~tionfd in ssid promiswry rwt~ 1Mn rem~inirg unpaid, with interat scuued, and all moneys s~tvr~d Mteby. shall betoew dw and p~y~
abl~ fonhwith, or tMrsafta~. +1 th~ option of said MORTGAGEE, a fully ~ad compt~tely as if all of N~e ~aid wms of mon~y vren agir?~ly stiputated
to y~ ps;d on such dsy, anytFiug in ssid promisiory not~ ot in thi~ 1Nortqs~s to the Contrary notwitFaqndinp; ~nd flwrwpon w theresfta at tM op~ion of
said MORTGAGEE, without not~ce w dem~nd. wH at lawr a in puity. therdw~ or tha+e+fle~ bayvq, may be P~osec~ted as if all maan ssw~~d lwsby
had en~futed priOr to its iMtifution.
7. TMt in tM went that at tM beyinninp of or at any tirrr pendiny aoy wit upon this Mwty+~, w to foreclost h, or to reform it, or to enioru
psyment of any dians h~revnde?, s+id MOR7GAGEE sha11 apply to the Coun hsvinp jur~sdinan thereof fa the ~ppantmeet of a Receiver, such Cwn shall
fortliwitA appoint • rocciver of ~aid mat9~ped prope~ty ~II and sinpvlu, indud~ng all :nd sin~ul~r tM income. pol~tt~. issws and revenves from what~v~?
source deriwd, each ~nd every of which, it beinp ~xpr-ssy unde~:tood, a hereby mortgaged ~s if speafically set fath and dewibed In the yrantinp a~+d
hab~ndum dauses hsreof, a+d s~ch Receiver ihall Iwve ~U the bwd and eHective funct~an aed powers in anywise entnisted by ~ Court to a Receivsr, and
such appointmN+t shatl be m~de by wch Cowt ~s ~n admitted eqvity u?d a matter of absolute rigllt ro ssid MORTGAGEE, and without reterenct to ths
adpvacy_o? in+dequ+cY of the valw of the prbperty matgsped or to the solv~ncy or insolvency of. said MOR~GAGO~t o~ the defendants, ~nd Ihaf wch
rents p?ofits, incans, iuues aod revanues sh+ll b~ applied by such Receiver ~ccordirg to tM li~n or p~riry of said MORTGAi3EE and the pwctke of such
Co~rt. ~ ~C'1 , . . •
8. To duly, promptly ~rd fully paform, d'nchsrge, execute, effect, complete~c'omp1Y with ~nd abid~ by eacfiynd ewry th~ slipvlations, apreeme~b, ~
co~d'rtions and covenants in said promissory not~ ud this mortysge set forth. . t
9. Thst in th~ event the ownenhip of the mortgaged premises. or any part thereol, becomes ~rested in a peaon otlx~ than th~ MORTGAGOR, the
MORTGAGEE, its sucoeswrs and auipns, may, without notice to tha MORTGAOR, deal with such successor or wocessa in inte?cst with reference to this
mortpap~ and tF~e deb~ hereby secvred in tF~e sama msnner as with Mortp~gw withow in sny way vitia~&g w disch~rpinp the Mortyspws' liability her?
under or vpon the debt hereby secured. No ale of the premises hereby morty+ped and eo fabear~nce on th~ pan of.tM MORTGAGEE or in successwa _
w auigea and no extension of the time for tFk psymcnt of the aebt hereby secured piven by the ~MORTGAGEE or its wasssors a asf~pns, shall operat~ ~
to roka~, dixhar~e, modify chanpe or affect the origin~l liability of the MORTGAGOR herain, ~8hs~ in whols a in put.
10. It b specific~tly agreed th~t time is of the es~ence of this co~trsct and th~t no w~iver of amr obligaYan hereunder w of the oblipatioo te-
a:nd hereby sMll ~t ~ny time thereafier be held M be a w+iver of the tem?s hereof a of the instrument secvred herby.
11. tn addition to tFro fwego:ng monthly psyments of princ:p~l and interat required by the promissory rate set~red hereby, mortgagor covenanh
and ~grees to psy to mortgsgee with esch monthly payment an ~dditio~sl sum estim~ted by mortgagee to be eqwl to 1/12 of the annual cost of the follow-
t
ing: t
A-All real propcrty taxes kvied w sssesud against tF+e above desuibed real estate. ;
B-Premivms on fin snd winastorm ieuwance as herein requKed to be carried on ii'ie improvemenis sitwt! ori fhe above tkxribed premius.
~ C-Premivms on such mort9age 9w~anty insursnce as mortg+gee sh+ll from time to time deem fit to urry on the loan secured hereby. ~
~ Mor~pagee shall f~om. tim~ to t~ not~fy mortgagor ;n writing- of the amount due and paya6k 6ereunder_ and wch wm shall thers~pon be dve and f
payable on the due date of the ne~ct monthly psyment and eath sutcessive month thereaher urtil mwtgagee shsll notify mortgsgor of a charge in wch
amount. Such sums shsll be ~pplied by mortgsyee toward the p+yment of real property taxes, insur~nce prem:ums, and mort9age 9uaranty insurance
premi
~ IN W17NE55 EREOF t aid MORTGA has hereunto set his h~nd and seal the day r fint afor
.~a " t.ce.r~~ ~Nn ~
. . ~ ~
~
STATE OF FIORIDA 1
COUNiY OF St . l.L1C le ~ ~ ,
~Iy ~ ~ M. E. Morris
R~
u~th A. ~Morrls, his wife, w me we~~ known .ea tnown a ms ro b. ?
tfie ir~d'ividvab d~scribad in and who ex~cwed the forepoirg instrvment, and ackrawledyed before me tl+~t tMy executed th.e same fw th~ p~rposes ~
~,~p,K~, /4,d ~ w;a RLth A~__IMarri~ ~ ~
wife ot tiw s~id M. E. MO!!1S upw~ • sapaate a~d privat~
ax+mination by me taken s~p+rat~ and apaA from her wid husb~nd. ~dcnoMrledged to and befor~ me th~t ahe executsd said fnstrument freely and volurn
larily and witF~out uqr compvhion, constrsint, appreh siay~or fsar a from her said husb~nd. ,
WRNESS my Mnd and oH'~cial seal t' l d,y o{ June , 19 68
~
Notsry blic in and for tM Statt of id~ ~t larp~
My commiu~on •xqr.s: ~ ~ b - 7! `
Retwn Ta
First F~d~nl Savirgi a loan /lsaociation . . •
o( Fo?t v~erce. F~EO AND i~ECOROED~. wpT~~ ~6UQ =TATE Of iL01lI~A AT Wt~E ;
vK.~, Fb.~,, ST. LUCIE COUNTY. F~• Mtr co~isswn eicriu~s trov. zs, i~i
. . RFCOR~ VERlF~FD .o«aw TNwo~wn ~ecp o~c.ts.MOws~
1f8190 ~ ; ' =
~ : ~
4 AM 10 . - ~
'68 JUN 2 : 10 , • ~t"•••. ~ ,
. - :
This instrument prepar~d by ~ r~ :
~.a;' ~.r~R~' -p p:~:
f
i r s
t F
e d era l S av. & Loan A s
sn, =
tTRAS ~ : 4 0 ,
of Fort Pierc~ CLERK CIRCUIT COURT ,
By ' Y. DliSCOll " ~_J, =3".~,\:~• f
ry .
' 0 R PAGE~2~ ( `
BOOK '
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