HomeMy WebLinkAbout2798 ~
; • .
S. To plac~ ~nd conNnuouily ke~p an ~he build~r+ps now o? M~eahK s~tw» on saW lae+d u~d oe all puipm~nf u~d p~rson~lty cowr~d by tht~ nart~
ya. with all premlu~+A tMrwn p~id in full, fin insur~nc~ in Ihe uswl i~andud polky form, ~n a tuin approwd by tM MOqj~~GEE. ~nd wie~torm
in~w~nu I~? th~ uiwl ~aoda•d poiccy f«m, in • ~um spprowd by rh~ MORTGAGfE; in sucl~ company a companies a~!~ NIpRTGAGEE m~y
dirMi ad NI fin u+d wie?d~torm iosuranc~ policies on ~ny of said buildinps. any intsre~t thtr~in a pan Ihtr~of, in tM p~~pat~ suen ~for~sald w
in ucqu therwi, sMll contain tM usual ~tandud mat~ayN dausa w iuch otha ttauw u th~ 1Vlortyay~s may ~puin. makkp tIN bss u+~dN said po1F
ci~s, ~ach and wKy. paYabl~ to sa;d W1pRTCaAGEE u in IroffHt rtNy ~~fPqit. and esch a~d ~vay ivch policy sMll be pranpdy ~ss:9~ed ~~+d d~livKed ro
any MW by said MORIGAGEE u furthN sec~rity to said mortp~ d~W, u+J, not t~ss ~Mn t~n (10) days io ~dvana of tM txpira~ioe of ~ach poticy, w dr
liw~ ro said MORiGAGEE ~~~rwwai therwf, roq~tl+K with a rec~ipt 1w the p~tmiuni o! wtl~ ren~w~lj ~nd rhen sM~l b~ no f'u~ w windstam i~uwaec~
pl~pd on u~y of said lwildirgs, ~ny In~enst thar~in a par~ tMnoF, ueless in tM form' ~nd with tM loss p~y~bl~ as .fw~idr and in th~ ~v~nt any wm
of nwn~y becwn~~ payabl~ u;+d~r wch polky or policies s+id MORTGAGEE sMll Mve th~ option ro nceiw and apply th~ sam~ on acwunt o~ th~ ind~bt~}
rKSf sa¢vnd ht~eby a 1o pe~mit faW MORTGAGORS to receiw and us~ it w any pa~1 thereof fw othcr purposes, without thareb/ waivin~ p impai.-
irp ~ny puify. li~n p riqht und~r o~ by vittw of thls mprtpa~ej u+d in 1M ~vent a~id MORTGAGORS sh+ll fa ~ny rtssaf fail M ke~p tM said pnenisa w
insur~d, p fail fo d~liva promptty ~ny of aid policies of inswsrxs ro said MORTGAGEE, or fsil promptly ro pay futly ~ny premium ther~fw or in any
rssp~ct fail b pNforn~, dischug~, exeeute, ~ffect, compleb, comply with u~d ~bid~ by this covenant, o~ any put hereof, ss~d MORTGAGEE may plac~ and
paY fw wch trourancr a ~ny put tl+Keof without wabug or ~ff~ctinq ~er optio~, lisn, fqvity. or rigl?t ~nder o~ by virtw of this Matpap~, ~~d the
full an~ovnt of ~~ch and ~wry such paym~nt sh~ll b~ irtwmdi~tely dw snd p~y~bl~ ~nd aMll bear iroeres: from ths dat~ thereof untii p~id M tM rab ol
nin~ pN centum p~? ~enum and together with suth interest shall be secured by IFf~ li~n of this mwT~a~l.
1. To p~rmit, aommit or wffa no w+st~, impairmeM o? deteria+tan oi aid property or ~ny put tliereof.
5. To pay ~II and ttnp~lar th~.costs, chupes ~nd expeoses, inclvdin~ • rcasonabl~ atrorney'~ fse and wsn of abstracts of titls, iocvned w paid at
eny time by s~id MORTGAGEE, bocauss or in the event of the f~ilwe on the p+n of the said MORTGAGOR ro duly, promptly ~nd fully paform, docMrg~
executs, dfsct, complete, oomply with and ab+de by each and every the itipulatiwa, ayreemen~s, cond~~ions, and oown•nn of sad pr«nissory no~~ u~d rAS•
maryays ~ny w eirher, ae~d said cosh, dwges ~nd expe,res, eacl+ and ewry, iMll be immedi~tely due and p~yablet whe~her w ~ot thK~ be notici de~
mand. att~enpt ro oollett w wit pN~dinp: and ths full smount of each and wery wth psyment sMtl bear iMerest from tM date thereof umil paid at the
.ate of ni~ pe? ccntum per annum; a~d all said cdsts, char~es and expa?ses incwred or paid, topelh~r with such intastt, ahall b~ setured by 1M lien of this
6. That (a) in th~ eveM of ~ny breach of this Nb?tpag~ or default on tM part of the NIQRTGAGpR, or (b) in ths event aoy of sa~d s~ens of moewy
herein refarred ~o be not prompty and f~lly paid wi~hin thirty (30) days next affer the same severatty become due amo payabte, witheus dsrt?and w notice.
or in ths ~we~t each and every the stipulations, a9reamen». conditions a~d covenants of ss~d promiuory ~ote and th~s mortya~t any or ei~her an ea1
iuly, promptly ar~d fully performed, d~xharged, exec~ted, effected, completed, complied with and abidcd by, then in e~tt~r w~ny :uch ev~nt tM setd a~ ~
pregst~ wm mr~tioned in said promissory npte then remaininy unpaid, witb imerest atuucd, and ~II moneys secured hereby, sMll bitwn~ dw and p~y. ~
able forthwith, or thereafter, at the option of said MORTGAGEE, si f~lty ~nd completely as ii all, of tha said wms of money wer~ oripinally atipu~~ted
to be paid on such day, anything in said promissory r?ote or in thia AAwtgage ro the conrrary notwirhuandinQ; and thereupon a thcreafta st tM optan of ~
said MORTGAGEE, without notice w demand, wit at law o? in equ;ty, there(ore or thereaite? begun, may be prosecuted u if ~!I monsys secut~d heraby
had matured pnor to its iMtitution. ;
7. ihat in the event that at the begi~ning of or ~t any time pending ~oy suit vpon this Matgage, a ro foreclosc it, w to refam !t p!o enfo?c~ i
payment of any clsims hereunder. asid MORTGAGEE shall ~pply to the Court having jurisdidion the~eof for the ~ppomtment of s Recciva, svch Couet shall
Fwtliwith sppoiM a receiver of said mwtgaged property ap and singub~, includ~ng all and singular the income, profita, issues and revenues from wlutever ;
~ouru derived, each and every of whKh, it being expressly undersrood, is hereby mortgaged as ~f spec~fically set fath and dewibed in the yr~ntinp and
habendum dauses hereof, and such Receivcr shsll have all the brwd snd eHective functiom and powers in anywise entruafed by a Court to a Receiver, and
wch appointment shall be msde by such Coun ss sn admined equity and s rn~tter of absolute ~ight ro:said MORTGAGEf, and w;thout mfe~enct to th~ :
sdequ~ty or kwdequacy of the wlue of the p?operty mortgaged or to the wivency w inwlvency qf said MQRTGAGOR or rhe defendann, ~nd that suth !
rents, profits, income, iuues and revenues shall be applied by such Receivei accordinq to tM lie~ a equity of said MORTGAGEE and ~he practiq of wcA a
CouA. ,
8. To duly, p~ompHy and fuly perform, diuharge, execute, effect, compl~te, comply with and abide by exh and every the stipulatwns, ap~eemeny, ~
conditaru snd coven~~ts in said promissory note and this mortgage set fath. ~
9. Th~t in the event the awnership4 the mortgayed premises, or any part thereof, becomes vested in a pcrson other thsn the MORTGAGpR, tl+~ f
MORTGAGEE, its svccesso~s a~nd assigro, mly, withovt notice to the MORTGAOR, deal with such successor a wccessor in interest with reference ro thia
mort9~pe and the debl hereby secured in tM same manner as with Mortgagor withovt in any way vitiatirg ot dischuging the A!arrgsgors' liability Mra '
under or upon the dcb~ hereby secured. No sate of the prem~ses hereby rrwrtgaged and no fwbearantr on the pan oi the MORIGAGEE a ets wccesson
or ass'g~u ~nd no extension of the time for the paymenl of the debt Mueby ucured given by the MORTGAGEE or ifs wcceasors er assigny, shs~~ ppe~~~~
to releasa, diachary~, modify chsnge or afiect the original liability of the MORTGAGOR hereio, either in whok or in put.
10. It h sExcifically agreed that time is of the ess~nce of th~s contrad and that no w~iver of a~y obligat~on he~evnder or of the oblgation se-
cvred hereby shall at any time thercaher be held to be a waive? of the terms hereof o? of the instn?meM sec~red herby.
11. In additwn to the faego:~g mon~hly payments of princ:p~l and interest requ~red by the prom~ssory nu~e secured hereby, mortgagor covenants
a~ agrees to pay ro mortgagee with each monthly paymem an add~rional sum estimared by mortgagee to be equal to 1 f)2 of the annual cost of the iollow-
'ng:
~
A-AU real property taxes levied or usessed agai~st the above described real estate.
B-Premiums on fire and wiodstorm inturante as herein requ~red to be carried on the improvemenri situate on the above desvibed premises,
C-Premiums on wch mortgage guannty insurance as mo?tgsgee sha~l from t;me to time deam fit to carry on the toan secured hereby, i
Mortgagee shatl from time ro time no?ify mortgagor in writ~ng of the amount due and payable hc~cundrr and such sum shall there~pon be dve and f
payable on the due date of the next monthly paymem and each successive month thereafter urtil mortgagee s}wll notify mortgagor of a change in such i
amo~nt. Such sums shall be applied by mortgagee toward tFx payment of real property taxes, inwrance prem;vms, and mortgage guaranry insurarxe S
premiums.
IN WITNESS WHEREOf, the said MORTGAGOR hss hereunto tet his hand and xal the day and yesr fint aforesaid.
Sipne S~yak~d~
and delivere ~n the presence of: L
G !LL 'L~~.~ ~ ,i ~
alj
A~?1~-~~ w ~
. -(Se+O
.~--q
S7ATE OF FLORIDA ~
St. Lucie
courmroF
~f~ ~ ~~~Y , a~~ George Will iams
~L1S 1@ W 1 121A15 . ~^d
his wife, to me well known s~~ ~nowe tc me to b~
tne int!'nidvala desc?ibed tn and wlw execWed the foreparg instr4rQept~ ~nd acknowledged befwe me that they exatute~~~ rn~tfo~ t}N purposes
rherein ~xpressed. And the sa' SL1S 1@ W 1111~IDS b' 4~..
Geor e Williams ~ '
wite ot ths .aid ~ ti~or{ . sepirrte•:nd;p.lva»
exami~utan by me taken separate snd apart from her ssid husband, acknowledged to and befwe me that she exetu~d~ ' iri~}rirn~T~{~ee(Y ~r~d.~~p{un.
~arily and withwt a~ compubion, const~aint, app~ehens;on, or feu of a from her Fws . : • -
_ i'•,; ti~~
WITNESS my hand and official seal thi~ ~
9~ dsy e{ ~ (~i 19:~ 68
- :
Notary Pyblic in ~nd fw thc $jay b{.Flaids ~t{~p~ '
My Commiuion expires: :
Return Ta c~~~ ~~p RECORDED ~ `t..'
firtf Fedeql Savings 6 loan Associallon t NOt ~t~K,~ OT f10~Qi t Vf~i i
Of Fort Pierte. ~'Jl. EI~ EL1U'J~~. FL~. (prp~f3
~flS a
; i :s ; ~ •r • r ~ Sept. 23. 1969
fort Pierce, F~orids - ~ 1~ n ~+~'~d h~~~ Fi~ t Casw~r C~.,
~ ~ ~ 1691_"78
'68 ,!!It 30 A~+I I~ : 36
Tf~is instrument prepared by
First Federal Sav. & loan Assn.
, ot Fo~t Pierce o~ ~ r~: s
B J. D. Chastain C?.ER14 ciRCUIT COURt
~
$0lDl~~ ~~i P~CE~r~~
_ ck
1t1'{
l.1
- ~~x_.~~ ~.M_. - - - _ _ _ _ . _ _,z _ _y,e.... ~ -
. ~::~F~~_r