HomeMy WebLinkAbout2727 . . , a i '~ie ~ `1 ~ ~t
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S. To plaa u~d cont~nuousl~r kMP oe th~ butldinps now a h~nahK ~ttv~b on ~+~d la~d ~nd on ~it putpnNet ud p~s~+lly cov~nd by this morp~
~p~„ with aN prsmkNm ti+u~on p+id in fvlb fiK insurana in tM ~swl ~tudard polky fam, in ~ w~n app~Cwd by tM MORTGAGEE, uid wiedttoren
irouaoa in th~ uswl aand..d policy fonn, M a wm ~pp~m~d by th~ MORTGAGEE, in wch campany os canWni~s +s the MORTGAriEE mar
dindl ~nd ill fin md windtfonn Muaancr Pakia o~ +~Y of ~a~d build;nps, a~ny intK~st t1+K~in a pa?t thenof. in t!~ apprpst~ swn afaaaid or
la ~xcKS th~nof, sMll oont~ln tM ~nwl standard mortya~ ciws~ or wch otiw~ clws~ a~ tM Mort9ayN m~Y nq~'u~. mikiop th~ las w~da sa~d po14
ci~s. ~atl~ ~nd ~very. WY~bI~ b s+id MORTGAGEE ~s iH Intsrest m~y sppe+?, u~J tach ~nd wtfy tuch polity sl+all b~ promptly ass:yMd ~nd d~livK~d W
•ny MW by s~id MORTGAGEE a fvhha security to said mat9a~ d~bt, snd, not bss th+n t~n (10) days In edvu?n of tM ~xpintion of ~ach polky, ro d~
liwr ro a~id MORTGAGEE a r~xwal tMrwf, top~~ha with • nuipt for the pnmium of wch ~Mew~l~ u+d tMn sMll be no fu~ o~ winds~orm inwrana
pl~pd on ~ny of said buildirgs, any interpt tM«in or part tMrwf, u~lesi in tM form u~d wifh tf» loss payabN as ~fonssidJ and in th~ ~vu~t anr sw++
a/ maky beoomK p~y~bl~ wwl~r wd~ pelicy w polici~s akl MORTGAGEE shall haw tM opYa~ to ~ecaw and apply the sam~ on acco~?m o1 th~ ind~bted~
n.ss secvnd h.nby a a paana ~+W 11AORTGRCORS_ ro noeiv~ ~nd uas N or any part ther~of for other purposes, witlw~:t ~!?e.eb,r waivi~~y a impain
ieg +^Y pviW. (ian or rtqht w~der or by virtut of this mortpa~es snd in IM ~vKd ssid MORT(iAGORS ~~I,fa ~ny ?eason fs11 to k~ep th~ s~id pnmiqs so
insund, w f~ll to tMlivat promptly ~ny of s~id policFes of inw~~na ro uid MORTWIGEQ or f~il promptiy to pay fvlty any premium thtrefor a in aey
nsp~ct f~il to pKform, d'ach~.p~, ~xecws, effxt, campl~te, camph wtth +~d +bid~ bY this oovMaM• e' a'Y pu1 b'~'~°f• s+id MORTGAGEE m+y pi+a snd
WY fa sud? inwrana or any p~H tMraof without w~ivinp or ~ff~ctiop +MI ePtiaw. ~1~, equity, w?iph~ u~d~r or by virtu~ of this Mo~p~s, ~nd tM
full amou~t of ~ad~ and ~very auch paym~nt ai+~ll b~ immediately dw u~d ayabb and shall bear intuest f~om tM date the?eof u~?til p~id ~t tF» r~a ol
nine pK canrum p~r •onum and topeU,er with such intaest shali be sscund by th~ IiM of this mortysp~. `
4. To p~rmit. aonu~it or wffer oo waste. YeP+irment or skterior~tion of saW p?operty a any put tMreof.
S. To p~y aii ~nd sirgviar ti+s oosM, cirrp~s and ~xPwuss. includ~~p a yssw++bla sttarrsey's fee snd cost~ of abstracts of tit1~, kKwred w pafd
sny time by s~id MORTGAGEE, bKa~rse or in t!v ewnt of ths failwe on the p+rf of tM sald MORTGAGOR to duly, promptly ~nd fviN pKfwm, discl~u~a
execvt~. ~ffK1. oamplete. aomply with uid abide by esch and every the stipul~tions. spreemenn, conditions, and wve~snb of said p~anissory not~ ~nd tha
mwtpaq~ any a a~ha, and said cos~s, dwgea and expenses. ead~ and wery. shsll bs torr~edia~ely dw and payable: wherher o~ not the?e b~ notiu dr
mand, attempt ro oollect w wit p~ndirgj and t.: fvll amount of ~fi-at~d every sud+ payme++t shall bes? intersst han th~ dat~ tMreof yMil P1W at tM
rate of ~ip~ per antw~ per arwwm: ~nd all said cmts, chs~es +nd expMSes ina+r~sd a paid, topethar with such inttr~st, sFwll b~ s~cwed by tM liwn of tAL
~ f .
b. ?hN (a) in the wait of any br~ad~ of this Mortyapt or dat+~+lt on tM part of the MORTGAGOR, a(b) in tM event any of said wms of nw~r
heroin rofarred to be not promptly and f~lly paid within thirty (30) dsya ne:t after the same seveyally become dw +nd psyable, withoW denwnd or notioe.
or (c,1 in ths svent each and every th~ stipvlafions, sgreemants, tonditions and covenanb of said promissory not~ and this mor~y~ any w~itMr ~n no1
~uh. promptly snd fvlly perfor~ned, disd~uped, ezewted, effec~ed, complsted. comPlied with ~nd ab'~ded by, ttwn in sither w sny such w~nt tM said aQ
gregat~ wm mentaned in s~id promiswry note !!~en nmaining w+paid. with inte~est accrued, and •II moneys secured hereby, shsll becoms dw and p~p
abl~ forthwith, or thereafta, at the option of said MORTGAGEE, +s fvlly ud compktely ss if alf oi the wid wms of ma~ey were oripieally s~ipul~ted
to be paid on s~ch daY. anythiig in said prom»~ory note or in this M.xtgage to the contrary ~otwithstandinp; and thereupon w thereaher ~t ths opYan of
said MORTGAGEE, wi~hout ~otice a dan~nd, wit at law or f~ equity, t~~fwe or thereafter begun, may be prwecutad as if all maayt secvred htr~by
had mat~ted prlor ro its iristitution. .
TMt in the event that at the beginnlny of or ~t ~ny time peodinp any wit upon this Mortgage, a to fweclose M, or tQ nform tt, w ro enfww
payment of any daims hereunde?, said MORTGAGEE shall apply ro tha Cour1 having jurisd~dion thereof tor the appointment of a Receive~, aid? Court sh~l)
Forthwith appoiM a rcceiver of said mort~~ged property all +nd :ingular, ind~d~ng all and singutu the incoms, profits, iasues u+d r~venues fran what~ver
wures derived, each u~d erery of which, it bein~ expreuly understood, is F+ereby mortgaged u if specifically set forth ~nd described in the prantup and
habse+d~m davses hereof, ~nd such Rcaeiver shall hsve all the broad and effective fu~ctt«n and powers in aoywise entrusted by a Carn fo a Receivsr, and
wch appointment shall be msde by wch Courl as sn sdmitted equity and a matter of absolufe r'ight ro ssid 1NORTGAGEE, ~nd withouf roferenoe ro tl+e
adequacy or inadeqwcy of the v~lw of the propary mwtgaged or to the whrency w imolvency of ~id MORTGAGOR or the defendanb, end that wd~
rents, profits, intome, issu~s and revenues shill bs applied by wch Receiver according to ths lien or equity of sak! MORTGAGEE ~nd the prauito of such
Court. .
8. To duly, promptly and fvlly perform, d'~schsr9a. execute, effect, complete, comply with and abide by each and wery ths sttpubtions, syreert~ents,
conditio+~s and covensnts in wid promissory note and this mortpage set forth.
9. That in the event the own~rship of the mortgsged p?emaa, or any part thereof, becomes vested h• persoe~ othe? th~n the MORTGAGOR, th~
MORTGAGEE, Hs successors and auigns, msy, witl+ovt ~otice to the MORTGAOR, deal with such wccessa or wccessor i~ interat with reference to this
mortpape snd the debt hereby secwed in the san+e manner as with Mortgagor without in sny way vitiatirg w diuhargirg the Morty~pors' liability M?~-
under or vpo~ the debt i~ereby secvred. No sak of the premises F~ereby mortgaged and no fwbearanoe on the pirt of the MORTGAGEE or its svocesiws
or assigns and no extension of the time fw the payment of the debt hereby secwed given by the MORTGAGEE or its successoa or assi~% sh~ll operate
ro rekase, dlscharge, modify chsnge w affect tF+e wig~nal IiabiGty of the 1NORTGAGOR herein, eiihsr in whol~ a in put.
10. h is specifically agreed th~t time a of the essence of this contract and th~t no w~rver of any oblipation i~ue~nder w of fhs oblip~Yan se-
cvred haeby shall at any time thereahe? be held to be a waiver of the terms hrreof or of the instrwnent secure~ harby. "
1. In add~tion to the forego:ng moe~thly paymenls of princ'pal and interest required by the ptomissoty nole setured hereby, mortgagor tovye a~
and sgrees to mortgagee with.e+ch ma~tbly payg~ent an addir~onal sum, g~t~matsd by_mortyagee,to be eq,ual w 1/12;of the annual }~e
i-ollow-
i~: . ' ' - . • -
A-All real properTy taxes kvied or aues e described real est~te. c , .
B-Premiums on fi~e and windstorm imwa~xe as herein requ:red ro 3 ~the sitwta on the ibove dsscr'bdd premises.
C-Premiums on wch mortgage guaranty insvrance as mwtgsgee sha ~me to time the loan stn?red hercby.
Mortgagee shall from time to time notify mortgagor i ' of the amount due a~d payabk he?eunder and svch w hosF n be d~e and
payable on the due date of the next mont a~d each svcceuive month thereafter ~r.til mortgagee shall ratify mwtgagor of a cha in..~uch
' amou~t., . mort9agee toward the payment of real property taxes, insurance prem~ums, and morfgage gwraMy insuta~fce
f emwms. . ; .
~ WIINESS VYHEREOF, fhe ssid MORTGAGOR i++s hereunto set his I+~nd and seal the day and u first aforesaid.
, nd ' ed ie the presence of:
. ~
~
.
ic..n
STATE OF RORIDA ~ _
st. Lucie ~
courm oF
~fas re~ ps~w~+~y Hubert Gl~nn Langston ,~,d
Marlen~ C laire Lan9ston ~ w;f~, ,,,e r„~~~ know~, ,nd known to me to b.
the individwb detcribd in and wFa ~xecuted tM fore~oinp instrurtwM, and adcnowledyed beforo me thst tMy executed the same for ths p~tposes
~.e,.~a. a~a e~,~ ~.~d 1~4arlene Claire Lan9ston
wite of ths said Hliti@rt G1eZ3L L~Ii9stOJ3 , vpon a separat~ ~nd priv.b
examinatan by me taken sepante and apaA fiom her said lanb~nd, ad~nowledped to and befwe me that she executed said instrument fresly and volurr
tarily snd withovt ~ny compulsion, cantraint. ~ppr ~or_y~or fex of o~ from her said, lwsbsnd
~ WITNESS my hsnd and oHkisl sesl thk dey of C = A. D. 19 68
~
. , . Notary P in ~od for the ate of Florida ~t Lu~
. . My-- ~xpu°a` . ~ ~j ~~7~ .
Retum Ta , ~ . ~~.7
fint Federal Sarinps 3 Losn As~ociaYan _
t3~:?ttu~r~+, ~~y Pll~t. Stih Of ~011~ it ~i~f
~ Fo., P~.re. - ~ c~~ ~ 6 ~n
fort Pieres. Fluids ' • " ;r'' w~dW h /1a~iio~ Fin i Can+4r -r'* .~t
• tf'~,•- ' .
~ ~ = ` ~ ~tLED AND RECORDEb
~ P ST. LUCIE COUNTY. FLA.
- _ ~ ~ f=:CC~RO \~ERIFIED
This Instrument Prepared By - ~ ~ =
~ ~r" ! v -
Fi~st Federol Savings b Loan Association ~ v
• ~ P~e~~ . . , =
;
~ Q t~ = i'~' 13`7
•....,..r~~ ,'.,'68 OCT 9 ~ I I .
Chedced 'tr~:`3.- ~~N ~t ~ . • - .
• ° R::t~t~ - -
. :
. ~ R ~tj~ ROGER r OITRAS
~ ~OO~i ~r ~LERK CIRC~U~T~CQ~lR7 cf
~
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