HomeMy WebLinkAbout1785 \ ~ 3
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To pl~a ~~d contlnuo~sly kNp on tM butidinps now or hK~~ha utw~~ on aid Iand ~nd on ~It eqviprn~nl and pKwn+H~l cov~rd bY Mb nwrtp~
~p~, with al! pr~miwnti thenon p+id in full, fin tnsw~na in tly usual ~t~+dad policy form. !n a tw~A approwd bl? tM MORTWIGEE. a+d wind~ton~
inwrana M ~M uswl ~tu~da.d poliry fam. tn a tum approv~d by tM MORT(3ACsEE. in sucA canp~r a tompania a tM MORTGAGEE ~n+y
d'~1 ~nd sll fin u~d wtnd~torm imurana poliws oe aey of ~afd b~?iWi~ ~ny inhns~ tiwnin a put tMnoi. M d+~ ~pp.e9an wm .ta.~+kl a
in ucc~a tMnof, aMll cont~h tbe wwl at~~dud matpapN ctaus~ or such ahu clavs~ a th~ MonyapN maY nquin, n?+kMg tM loss undN s+id polE
cip ~ath and ~very. p~Ysbl~ W Nid MORTGAGEE ~s ib Mttrql may appNr. and each and ~wry such polley shall b~ praopNy au:~~+~d +ad d~livK~d ro
aey Mld by said MORTGAGEE as fwtMt Hcurity to s~id matyap~ deb~. and. aw I~ss tMn tM l10) day~ In ~dvanc~ of th~ ~xpiration of ~sd~ poiky, to da
livK 1o aid MORTGAGEE ~ n~evral therwf, wpetha with a receipt fa tM pr~mivn? of wch nntw~l~ and th~n th~tl b~ no fin a wi~torm Mwranc~
plaad an any of aid b~rtldinps, u?y Mta~st tMr~in a put tlw.wf. unlas ie tM fom+'uid witA the loas p+rabl~ ~s ~fons~id: and in tM went u~y wm
of mawy bec~oma p+Yabl~ w~d~r wc1? p91ky a polici~s aid MORTGAGEE shall Mw tl» optan ~o naiw Md apply tM sartr on aocount o~ tM kwl~bt~d
nt~t Ncvnd hK~by or ro pKmit wid JNORTGAGORS 10 ?euiw and us~ it w sny pa?t thereof fw other purpos~s. withovt thereb~ waivinp o~ im~i~-
inp ~r?y pvity. li~n a ~ipht w~d~r a by virtw of Nds morty+p~t +nd in flw svent aid /NORTGAGORS shsll fa aMr nawn fail fo k~ep tln wid pr~mises so
irovnd, a fail to d~tiver p~omptly uiy of s~id policl~s of in~ws~cs ro wid MORTGAGEE. a fail p~omptly to paY ivlN unr pnmtw?+ thK~tor a in aer
nsp~et f~ii b pKfoaq, diseharW. ~a~evi~ ~ff~et. eanPb% eon+Ph wirh k+d ~Wd~ by this eown+nt, w any put Mrwf, said MORTGAGEE eewy pise~ a~+d
WY fa wd~ kNw~nt~ w+ny put ths~wf without w~Ninp or ~ff~ctup ~m option. IiM. puih. a ripht ~nd~? a by vi?tw of thit Mat9~. ~?d tht
fi,ll arnount of ~acA ~nd ewry wch WYm~nt sh+ll b~ ienmdi~ktr dw and pry~bl~ ud ahaU bw intKat from tM dat~ therwf untU peid M th~ at~ ot
nin~ pa antwn pa anw+m +nd toyetl+er witA sucA intK~st sh~li be s~cw~d by tht li~n of th4 Irwrt9+pw
1. To pamtb oommit or s~ffa ~o wute, imp~kment a deteiaratio~ of said prop~rt~r or ~ny p+r1 tlkr~of.
S. To pay ~II u~d sinpuiar the'ooats, char~s and ~xpeoses, includin0 a n~so~n~bk ~norne~s fe~ u+d oosn of aMhacM of titl~. incwred or paid ~t
u?y tim~ by said MORTGAGEE. b~a~rss or in the ~vMt of ths fsi~we on fh~ p~h of tM s~k! NiORTGAGOR to duly. promptly ~nd fu11Y P~fomn. d~sch+~
•xecut~, tff~d, oompkt~, c«~ly w~rh aed ~bid~ by ~sch and every ths stipvlations, ~preemen~s, condiri«a. and cown+en of uid pranisswy eot~ and thb
mon9sp~ ~ny w ~itMr. aod s+id cosn. dwrqes ~nd experres, esch uid ~very. sball b~ irtunediately du~ arid pay~bl~t whetlw? a not tMr~ b~ notki d~
m~nd, sttanpt to aolkct or wit p~rdi~gs ~nd tM full amowd of sath and wery wth paYttKn1 th~ll bear i~terosl from ths d~t~ tl+~rwf until paW at tht
rate of nin~ per centum pK +nrwm: and.a0 said cbsts. charpes and.~emss incwrod or paid, lop~tlwr v~rith such intKUt, sMll bt s~cw~d by th~ li~n of this
mort~a
0, iMt jaj in th~ ~wnt of any brexh of this Mort~sye a default on the p~?t of the MORTCaAGOR, a(b) in th~ evem ~ny of aid aNru of momy
herein r~fernd to bs not p~ro~ptly and fully p~id within thirty (30) d~ps next afte~ tl+e same ieva+lly become due snd payable, without dsm~nd or eotice,
or W in th~ ~wnt each and ~wry ths st:pulatio~w +9~eemann. condi~ions u~d cov~nants of said promnsory note and tha matp~e any w eithar u~ no1
ivly. p.omptly u~d f~lly perform~d, d7scMrped, executed, effecfed. completed, complied wifh arx! abided ~iy, tM+i in eitlrx a a+iy wch ~wnt tlw sai.~ ag
p~t~ sum mentiwMd in ~aid promissory note then r~mairurg unpaid, with interest scuued, and sll mo~eps secund hareby, sh+ll bstome dw and p~/-
~bl~ forthwith, a tMreshe?, ~t tM option of s~id MORTGAGEE, ss firtly and canpktey u if ell ~,i ~he u'd w~: oF mor~y wen oriqiMlly stipulatcd
ro be paid on such d+Y. anYthinp in said promiuory oote or In fhis 1Nortpage to the conr?ary notvr:rhsundii+g; :-.d thereupon w thereahK af fM option of
uid MORTGAGEE, without ootic~ w demand, suit at law w io puity, thereforo or thereafter b,3ue, may be prosacuted u if alt monsys sstw~d Mreby
had malwed pr'wI to in institvtion.
7. That in tM event tMt at the beginnirg of or at any time pending ~oy wit ~pon this Mortg~ge, or to fa?ecbs~ it, or to roform it, a ro er.fara
payrnent of aoy cl~ims here~nde~, s+id MORTGAGfE shsll ~pply to the Court h~vin9 jur~sdrctioo thereof for tFe appantmeM of ~ Receiver, such Co~rt shall
fortFiwith ~ppant a receiver of said mortg+ged property all snd sirgvtu, includ~ng all and si~gutu tM inconK. profits. issues ~nd revenws fran whaNver
wuros darived, each ~nd every of which, it beinp exp?euly wderstood. is hereby mwtgaged ss if specifically set torth ~+d dew~sd M tM y~antinp and
habsndum daosa hereof, and such Receiver shsll Mve sll the bro~d ~nd effective fvnc~~ons u+d powen in anywise entnated bp ~ Cou?t to a Receiver, u?d
•uch appointmem ahall be maJe by wch Court as an sdmitted eqviy and a matter of absol~te right to s~id A:ORTGAGEE. and witho~t nference ro tt~
adequsty or in~dequaty of tha wlue of the prbperty moctgsyed or to the solvency or insolvency of said MORTGAGOR a the defendanb, and that such
rents, profin, income, issues and rwenves shall be applied by such Receive? sccord~np to the lien o~ equity ot aaid MORTGAGEE and the practioe of such
Court. ~ - •
8. To duly, promptly and fuily periorm, dischsrg~, execute, eHect, complete, comply with ~nd abide by ead~ and evsry tht stipulataro, a~reemenri,
conditions and covenants in said promissory note and this mortgage set fwth. ~ _ .
9. That in the event the ownership of the mortgayed pran'aes, w any parf thereof, becomes vested in'• perwn ofher fh~n th~ MORTGAGOR, tM
MORTGAGEE, its wccesson and auigru, may, without notice to the MORTGAOR, deal with such wccessor or succeuw in interest with refe?ence 1o this
mwfys~e and the debt htreby secured in the ssma manner as with Matgsgw without in any way vitiating or diuhuging the Mortyagors' liability hen-
under w upon the debt hereby secv~ed. No sate of the prcmises hereby matgaged snd no fwbearance on the pan of ~he MORTGAGEf w in suocesso?s
or usigro s~d no extension of the time fw the payment of the ckbt hereby secured 9ive~ by the MORTGAGEE or in sucoessors a assi9ns, sh+ll ope~at~
ro nleas~, disdwrpe, modify change w affect the wig~nal Iiab~Gty of the MORiGAGOR herein, eithe? in whok or in put.
10. It h specific~lly ~greed that time h of the esscnce of this contract snd that no waiver of aoy obligat~on herevnder or of tM obliyation se-
cured Mreby shall at any tune tl+ereaher be held to be s waiver of the terms hereof or of the instrumem secu~ed hcrby.
I1. In addiYan to the foregd'a+g ma+tKl~r paymenn of princ:PDl a~d interest required by the promtssory note secured hereby, mwtgagor covenanri
and ~yrees to pay to mortgagee with eul? mcnthly payment an addi~ionsl ~,um estimated by mortgagee to b~ eqwl to~ 1/i2 of the annual cost of the follow-
ing: . .
A-All real property taxes kvied or ~ssessed agair?st the above dcscribed real estate. . .
B-Premiums on fire and wl~tistorm inwnnce ~s herein requ~red to~be carr~ed a+ the improvemenri sitvate on tl+e sbove described premises.
C-Premiums on such mortqape pwnnty inwnnce ss iriwtgsgee shsll frAm tirr~ ~fo tims deern fit to carry on the loan secured ixreby.
Mwtgagee shall irom time to time notify mortgagor in writing of the amount due and payable hereunder and avct? sum sha0 thereupon be d~re and
If pay~ble on the due date of the next monthly payment and exh successive mwuh thereafter ur.til mortgsgee shall notify mortgagor of a change in such
! amo~nt. Such sums thall be applied by mwtyspee toward the payment of real property taxes, inw~ance p~em:ums, and mortgage guaranty iosunnce
~ premionq.
~ IN WITNESS , the MOR GAGOR Ms hereunro set his hand u~d seal the day and yesr fint aforesaid.
, of: O
^ - a- -~-n
; - . . ~se.n
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STATE OF FIORIDA ~
St. Luci,~ ~
courm oF . .
e.for. m. P.noe+~y .pp....a B. Banl~loQr .na
It SQ~ C. Ba{~~Z his wife, to me well known s~d krawn to me to b~
tl?e End'nidv~b dacn'bd lo and who ~xecuted the fa~yoiny instrument, and acknowledged before me tMt they executed the ssme for the pvrpwes
ther~in t~~swd. Md the said. R~=!i C• B~ti~~!
wif~ ot th~ aid TbO~s Ba11~jG@! ~pon • sepsr~te and priv~t~ !
ex~min~tion by rn~ taken sep+rate and apsn from her iaid Mnband, adu+owledped to and befwe m~ that she exewted said instrvmem freely and vdurr
tarity and withovl arqr compi?Ision, conatraint, ~ppreheraan, o ear of or from her said Ixnband.
- WITNE55 my hand and off'Kial w~l thi day of ~ A. D. 19 68
Not~ry. Pvblic in and for the State of Florida at luy~
My Commission expires:
R~tu?ri Ta. ~ , ~~ry PI~1[. Sbt! 0~ F{Ofldi
First hdenl Savinps i lwn /luociatan . ~~a~•~µ`~~~s:Ur~,...~ , ,
~'t..:. . ~ `S _ :Ar ~ ~i?..*.~. 23~
19b9 ~
Oi Fort Pierce. a. . ~ ~q ' ~
Fwf Pierce. Flotids , ~ ~ ~~~'i y CV NO
A
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This instrume~ prepared by - ; ~ : ~ _ ~ ,F~
~a, ~
First Federal Sav. & loan Assn. ;r. ~ ' ~ . '6g SFP a5-I ~y'
of Fort Pierce , ~ • c ~ ~ - ~ 7 ,4~1 .
J, c~~?~ " ; l; 50
6 - - • " ' t r. i~ •
Y - .
CCERK
C~'~ ~o~rRa
. . ; • • ` . R~VIT
' = - . ~~URT
eooK~73 P~17`72 - ~