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HomeMy WebLinkAbout1258 s . . f M S. To plac~ and ca+ttnuowly tNp on th~ bul~difga now a MhattK ~Itu.a on taid 1w~d and on a11 ~+ip~n~M ~nd pNtooaly oov~nd by tNt enaq~ apw with a!1 pnrniwr?f ~Mnan p~id in fvll, fih ins~xarw in tM uwal ttand~rd Pdky km~, N a wm approwd by tlM MOkTGAGEE. ~nd wind~fona M~w~na in th~ usw) s~indKd poliey fornb M ~ wm ~pprowd by ti+~ MORTGAGEE. fn wcl+ ca^P+^Y a~~~ a t1r MORTGJ1GfE ~n~y dtnc+j ~?d atl tin and windarom~ tn~w~ana poUc~ on u?r of said buiWag~, any inn~at N?uN~ w pa~t tM.wf. in tM pprp~h wm ~fatsatd a b~xaa tMnof. ~I?~II oontain tM uwal u~nd+rd morqapN d+us~ o~ wd~ otl~ dauN a tM Nlorp~yw m+Y npuin. m~ki^0 t1+~ bss und~r s~id poiF ciN. Nd? ~nd w~?y. WY+W~ b sald N10RTGAGEE a i» intKat may appNr. M+d ~ad~ aed ovwy such policy sh~ll b~ pranptly u~:~r»d w+d dtliwr~d ro +rqr 1»Id by ~atd MORTGAGEE a fw~h.r ~ecwity to wid mo~p~ d•W. +nd, no1 I~ tMn Nn (10) dayt in advanu of th~ ~xpkation of ~ad~ Polkl?. 1o dr livM b uW MORTG/1GfE a ~~wa) tMnof, wp~thu witb ~ naNpt fo? tM pr~miwn of wch r~newal~ ~e+d tlwr~ sh~il b~ oo f7n or wtndstam M+swana pbad an aoy of s~Jd b~ildinps any Inarat tha~tn a part thKwf, ue+Ieu tn th~ fam a~+d wt~h ~M lou p~y+ble a ~fora.W~ aod in tM ~w~a anp wm af moe~y b~oon»s p~y~bN wdK wch polity a policia aid MOItTGAGEE sMll Mw tM option w nu~w and appy tM s+~n~ on ~«oun? ot th~ ind~bt~d~ ~as wcw~d M?~ a b pKn+it s~id MORTGAGORS W naiv~ and uM h w any ps?t tl~~of tw orher pwposa, wiNwut thereby waivin~ or impsk- M+p any puity, li~n or right w~du a by virtw of tMa mcrt9a~~ aed ~ ~M ~wnt wid MORTGAGORS sMll fa ~ny rra~ fail ro kNp th~ ~aid pr~ni~a w M+whd. a f~Il to delivw Prw^Wb ~ny of wid policlas of kawanc~ to ~ak! MORTGAGEE. o. tau ru~+b a wr t„~W a~y P..~,~, rti...ror or N anp n~p~ct f~il b P+~forny disdr+rp~, ~x~cut~ ~ffaL tomplN~ comply with ~nd ~bid~ b~r thi~ cownu?t, a any put Mrwf. said MORTGAGEE may plaw ~nd MY fa wd~ Lawanw or aeY Put tlwwf withow w~ivir~ w~fhcti^Y aih? oWion, Iitn, equi~y, or riqht urd~ or by virtw of thh Martqp~. ~nd tht ivN ama~?t of ~ad~ ~+d ~vwy wd~ paym~ot ~MII b~ 6ermdi~telp dw and payaW~ aod tMl1 bear inMrest from th~ dat~ tMraof w?til paW N th~ raN d nin~ p~r c~ntwn pp +rown+ and toqetha with such intarest alwll b~ s~cund by tM IiN? of ihis mort~p~. To p~rmit, aommlt or wffw e+o wast~, 1mWi~enent or dNKiaation d aaid prop~ w any p~rt thawf. S. To pay all and sinpvla~ tM ooats, ch~rp~s and expauN„ irKludinp • nsswwbb ~twrn~y's f~e and o~sn of aba~.ans of Htte, incw..d w piid ~t w~y tim~ by ~id MORiGJ1GEE, baau~ a te the ~wet of ~M faih?n on rM pirt d tM sald MORTGAGOR ~o duly. ~o~y ,~d fv~y pe.t«~n, d~sd»ry~ ~x~cut~. ~ff~d. oomPl~t~. oomplY with and ab~d~ b~r tach and ~wry the itipvlatiom. ~yr~n~ms. condiY~om, ~nd aoweanb of uid promiuay na~ and this ~p+0~ +~Y ar ~itlw. and s~id cosb. d~a?p~s and ~xp~ae~, ~ad~ ~nd ewry, sMlt b~ irmnediaqfy dw ~nd p~yaW~s wberFwr or not tbN~ b~ noiice dr marKl, anKnpt to oolbq or wlt pa~d'inpj ~nd tl~ fvll anwunt of sach wd ewry wch paymant sMll bea. ioterost fran tM dah tFwnof unHl paid d th~ ?aM of nirr per pntum p~r ~ruwmi uid all ~aid oosts, c1»ry~ and ~xpMSa i+curnd w prid, top~ther with a~ch iot~rat. shill b~ s~aind br tM li~n of tiw mor~p+p~. ' 6. Th~t W in the ~wM of any br~ach of N~s AAortQa~e or default on th~ p~rt of th~ MORTGAGOR. a(b) in tM ~ven1 ~ny of ~id wna of mo~y 1~ nfK~ed to b~ ~wt prpnptly and fvll~r p~id within thirty (30) days n~xt ~fte~ th~ sam~ sewratly bscorr» du~ and p~Y+bt~, witlw~l dem~nd a notio~, or W te ths ~wm saeh and ~wry tl+~ stiput~riara. +pr~e+n~ caditiora and eownuns of sa;d pr~nis~ory noa and t!w morf~+~ +nY o. ~+ihu ah ~w luly, promptly and fvly pKfonn~d, d'acFur~d. ~xawt~d, ~ffect~d. compbad, complied with u~d +b'~ded by, tMn ie ~+tMr w any wcl+ ~wro tM said p~ pt~s1~ wm m~ntioned io s~id promissory nob then r~Mi~i^~ unW~d. with (ma~st acuwd, aod all raa~eys secvrod Mr~by. shal! b~oom~ dw a~d P+Y~ abk fathwirh, a the~~aher, at th~ option of s~id MORTGAGEE, u fvlly and oompl~tely u if all of the Wid wms of nwney wen aipindly stipulat~d W be P+id on wch day. a~ythinp in ssid promiswry eote or in this Mortp~ge to tM contnry notwithiaadirg; ~nd tMreupon w there~hK a~ th~ option of s~id MORTGAGEE, without notia or demand, wit ~t I~w or In puiq. tAqllO/t p tlf0lHf1K beyun, miy b~ prosecvtad u if ~II mor~ys s~wnd lwrsby had manind prar ro ia institurion. . 7. Tlwt in tM want that ~t th~ beyinnLg of or at ury time pendinp u?y wif vpo~ this Mortype, a to fw~clos~ it. or to nfonn h, a to ~niwa p~yment of amr d~ims herew+d~r, siid MORTGAGEE sh~ll apply to the Cowt lwviny iexisdlction ~he~pf fw t!r appointm~nt of ~ Receiver, wch CouA sh~ll (orthwith ~ppant ~ receiver of aid morty+p~d ProPe~ry atl and ia+pul~r, includinp all u~d sin~uls. t1~ inoome. Proftts. issws and r~vMws from wMtwK wwa daived, each and ~very of whid~, it beiny expressly w~d~ntood, a l+erebp morty~ad as if spac~fiutty set iorth snd dewibed in t1w ~ant and MbenJun clau~es hereof, and such Receiver sh~ll INw all 1M broad and ~ffecrive fw~cta~u ~nd io sn ~ such appointment shall be er?~de by such Court as a~ admitted eq~rity and a matter of absolute ri~h~ t ro said I~MORTGAGEE, sr d withoutt ?efere ce w~ th~ +dequscy or irwdeqwcy of ths valw of the property mortqaped or to the soivs~cy or insolvency of said MORTGAGOR a the defendsnts, ~nd that wch r~'. profits, incoma, bwes and nveiw~s sMll b~ spplied by such Reoeiver ~coad'ug ro th~ tien w pviry of said MORTGAGEE and th~ pwctios of svch 8. To du~Y. W~+Pt~Y and fvlFy p~rfwm, dfsd~srye, ex~cvte, effect, oompkta. oomptY with aod abide by ad~ and wary th~ st1Pu~+tion~. aQ?eem~nl~, ca~ditions and oovsnants in said promistory note and this matyspe set forth. , 9. Th~t in the event the owna+ship of the ma~4+Qed P~^ius, a+~Y Pul N+ereof, becomes wsted in • perwn otM~ thu~ the MORTGAGOR. th~ MORTGl1GEE. its s~xnesson u~d assignt, may, withoW notke fo the MORTGAOR, dsat with such suaeswr or urcceuor in interest with nfetence ~o fhiq mort9ape +nd the deb~ he~eby secwed in tM sams manner u v~nth Monyayor w~thout in ~Mr way vitiatug a d~scMrgirg the Mortya~ors• Ii~Wlity h~n- under or upon the debt hereby incured. No ssle of the premises hereby mortgsp~d and no fwbearance oe the part of the MORTGAGEE a its successors w assigia and no extcnsion of the time fa th~ payment of tM debt heraby ucured Qiven by tM AAORTGAGEf or its wuessors or w;yr?s, sh~~~ oper~t~ w rek+se, di~upe, modify ch~rge a sffect the orip;n~l li~biliry of tM MURTGAGOR h~rein, ~ithp im whole or in part. 10. It is specificatly agreed that time b of ths essenoe of this oontrsct ~nd thit no w~iwr of my obligaYan Mre~nder or of t!r oblip~tion s~- a??ed her~by thall ~t ~ny tkne thtraNa be held ro be • w~iver of th~ ~tKms hereof or o1 the instrvri~ent s~cw~d iwby. 1 In add~tion to the forego:ng monthM psymenq of princ:pal and interesf required by the promi ' and agr ~'S'pnr-~ t a ee with each monthlY P+Y~nt sn sddi~ion~l wm est~mated b mort ssory note secured hereby, mort9sgor Y 9~e M~~ ro 1/12 of the an ~ Lg: A-All reaf property tsxea tevied or ~ssessed sya~ e desoribed real 'estate. B-P~em;ums on fire snd windstorm inswance ss herein requ:red to he improvamenb i~twte on the above dexribed premises. C-Premiwm on wch mort9aqe 8wranry insura g~gee sh~ll from time ro time on the loan aecured hereby. : Mort9agee shall hom Y~me to Y ' mort9agor in writing of the arw~nt due and psyable herew~der s It thereu psYsble on the due dat xt monthlY payment and each sucoessive month tt~ere~fter until mortysgee shall notify mortgagor amount. q be applied by morty~pea toward the payment of real property tsxes, ira~rsnce premi~ms, and rrwttyape pwranty intw~np , ! WITNESS WHE , e a' MORTGAGOR has hereunto set lus hand and seal the day snd u fint • said. . " d deliv r~ 1M ph ~ a 4 ~ Q _ rances . a ge STATE OF H~l 1 _ co~r~mr ~ ~ ~ " d,~ ~„a„~~y Alf red I. Padgett ~ Frances G. Padgett ~ § th~ tnd'n?idwts d~svi'b.d in and who ex~a,~~d tfi~ fanpoirg &nrrum~nt, and acknow his wite, to ~ne we11 known and known w m. to b~ _ kdyed before me th~t thry ~earted tM ism~ ior ths pwpos~s - tl~.~„ .xp«..a, A„a H,. •,sa Fsal]Ces G. Padaett ,~„i(• Alf rQd I. Padgett „ upon , s~pa?ar• ~nd prtvst~ = sx+min~tion br n» tak~n a~pua» and ~psrt from Iw s~id hwbsnd. ackrwwMdped b and b~fon m~ M~t sM ~s~eut~d s~d lnsmwnN?t .k~elp ard wlwr _ qrily ard witho~rt any comp~lsion, aonsnaint. ~PP? a iw d or fram ha said husbnd. i ~ w~rNESS my h.na .na offici.t sNl • d.~? of A. u. 0~2_ ~ . . ~ _ F~~EO ANO RECOROe - ST. lUC1E COUNTY. Norary Publk in tnd for ttr S~~t~ of fio~ida " R~tw~ Ta RECORD VERIFIED Ny? C«~~en~asion ~xpir~s: I~ ~ ~q F~~ ~ry,~ a~~~~;a, ~My~~ YOfA~~ ?11{U~, fIATE OF FiGRtOA AT IABSf ~ P~~ ~ V MY COMM~SSION EXPIRES Au~. 13, i9!*~ ~ Fort Piertt. Pbrida 1~Q I'Y~, G I P17 'Z • ~ wwvau r..~vuw+ .._aa o,a~ oftit _ ~ ~ ~ ` ` ` ~1~~1111NHi~s •t,` ~ ~VY~ ~~r `~~~,~•~J1 ~Y~irQ~ , ~ _ ' C 1 ~ ~O . u ~oGep ~-o~~Ras - ~ # ' • ~ , : ~ This Instrument Preps~ed By ~ ~ ~ ~ ~ ~~L~.~~ ; o E Fi~st Federal Savinga ~ loan Associa~RK CIRCUIT COURT~ t, + . of Fort Pieroe : w % ~~='~i~G','`'~1 - r Chedced B R. Kaves . - ~'i3':~`~ p t„~1 ~ Y ' • „r~:- ~ < '-;,`~~j''••....•• ~.1N• eoOK > ,r..,,s: ` ~7G ~i257 ''~~f~~~~' ~ n~ , , _ ~ ~ 1-~~`" ~ ~ - ~ _ _ ` - ~ ~ ; _ ~f ` : ,r~ .