HomeMy WebLinkAbout2122 ~ j ~Lr v ~ v
To plao~ ~nd continuovsly kMP on tM buildinpt rw~w cr hK~afbr ~ihwt~ on ~ad land ~nd on ~11 puipen~nt and pK~a++lly cov~nd MI ~~q~
~p~,, with dl prantwes tMnon p+id in lult, fin insw~na h th~ u~wl Warri~rd polky fonn. in • wm ~pprowd by tM MORTCs/?GEE. ~nd wind~tam
Imura~a In tM uswl ~tand~rd polih? fam, in • win ~pprowd by th~ MORTGAGEE. in wd~ comP+~Y a~^+P+^~« tM MORTGAGEE n~ay
dtnc?t ~nd all fin and wiadswnn Mawana polici~s on +M? of s~ii buiN4^~, +iw inNns~ tMr~in or p~t tiiinof. in tl» apprep~» sum aforaaid a
In ucaa tMrwf, shall contain tM wval stand;.d awrqapN clauw w wch otMr clww a~ Matp+pN n+~y ~pu~?~. ~n~kM+O th~ loa ~ndK s+id pot}
d~s, ~sch ~nd wKy. WYaW~ b s~id MORTGAGEE u ib inNtNi msy app~n. Mtd ~+ch and wKY s~ PakN slyll b~ pranptly ast:pmd a~d d~liwr~d to
.ny h~ld by wW MOrtTGAGEE .s tunh.r a~axib ro uid maq+p. d.W. and. no~ I~ss than tM (10) days in advaia of th~ ~xpk~tioo of Nch P~k1?. to da
livw to ~aid MORTGAGEE • nn~wal tMnd, top~ttwr with a ha~pt tw tM pr~mium of wd~ r~nrw+y u+d tMre sMll b~ no fK~ w windstam inswanc~
plaad on any of said buiWinp~„ aor k?t~rat tMnin or put tiw.wf, unlea in tM fam ~nd wi~h tM loss p~y~bl~ a ~for~saidt s~+d In th~ ~wea a+y tum
of inoeNy b~ca~a pay+bl~ und~~ svd~ Polie~? a Pdie~+ s+id MORTGAGEE aMll Mw th~ optioe ro naiw and ~ppy tM s~rt~ on aooouet of th~ h+d~bt~
e~sa sKw~d ha~by w to pumit s~id MORTGAGORS to nair! ~nd u~ N a~^y P+n therwf for oth~? pwpases. without tFwreb/ waivi~p w enp~i~
~+~Y ~~1?. lan a ripht wdN o? by virlw of tl+is neortp+p~= a+d in th~ ~wnt uid MORTGAGORS shall fa ~+y ~tawn fsil to kMp tM s~id p~nisa ro
uaw.d. a f.tl a d.ltva Promp~h? .ny of M~ POJitiN OF UlW~ 10 Mid MORTGAGEE+ o. fa~i P?«~~N ro wr ~~b +~+Y w~^~wn ?M.efa a in any
r~~p~ct fail w p~rMrm, dischupe. ~x~cvt~, ~ff~et. oomPl~t~. oortiplY wirh and ~bid~ by this ooweant. a~y p+rt hawf. s+id MORTGAGEE m~y p4oe and
wY for wd~ 8aurar~ or any prt tiwrwf witl?aw walvinp a ~ft~dinp +n~? aWion. (i~n. pu~b. w ~ipAt w~ w by vtrtw of thh Morlp~pe. and tM
full amount of ~ad~ ~nd ~wry~ WYm~m ~h+il b~ inun~di+t~~Y du~ +~d py+bN ~"d th+ll b~a? intsr~st han th~ d+M theraof u~til p~id ~t tM raM oi
nins p~r cu+twn pw amum topeths~ with wch intK~st shall be s~cvnd by iM li~n of tlia morpap~.
I. To p~rmit. oonwnit or wffu no wast~, impainnsnt a d~t~br~tion of said p~opxt~? w any p~r1 tMnof.
~ S. To pay ~II ~nd sinpvta? th~ coN+. ch~pa +nd ~xptnn. includirg • n+sa~+ble at~om~y's fK snd awb of ~batracb of titb. incwr~d o~ pitd at
sny ii~ie by wid MORTGAGEE. b~caus~ a in th~ twnt of th~ failuro on th~ p+n of th~ saM MORTGAGOR a dulr, Pra^Pty ~ad fvly paforrq. diKh+r~
•~a~~eff~d. oomPk«. ~^~Ph with and ~bid~ by ~ach ind twty tM stipdations. +qreements. ca+ditioos. and ooven~nn of said promis~ory ~wq and this
~r or ~itMr. and ~aid costs. cMrpes u~d tach and ~wryr 1~MII b! ~ft1fllQflHiflY dUf M1d PiyaWff WIIQfMf a not tMr~ b~ noriu d~
mand, • to aoli~ct w wit M~d'^pt a~d tM ivll ~nount of e~ch ~nd everY ~ WY~+t aMll bea~ imeres~ fran th~ d~t~ ti+~nof until p~id ~t tM
rate of nir~ r centuen per ~nnu~n: u~d +11 ~aid aoaN. dwr~s a+~d .txpa+s~s lnaxr~d or Wid. top~iher with wch intaeat, ~11 bt acursd bp tFr lia~ of iha
'~'~9+~ f
6. 71wt in tM went of sny bruch of tl+is Mort9apt w d~fault on tlr part of the MORTGAGOR. or (b) in the ava+t any of s~id swm of ~e~oney
herein r~hned ro be not promptly ~nd f~lly paid within thirty (30) daps next aha tIN sa~n~ aeverally b~corn~ dw uid p~yabl~, withoW dMwnd o~ notics
or W in the ewM each and ~wry tM stiputatiaw s~~e~^~?. conditions and cwa~+nb of sa~d promis:wy ~ot~ and this mortqap~ any or eitMt ~n nol
iuly, promptly u~d fully performsd. dixMr~ed. ex~curod, dfechd, compbt~d. canpl'wd wirh ~d abided by, tMn in ~ithe? a any s•.xh ~wnt tM s+id
preyat~ wm ma+tia~ed in said promissory not~ tl~ rMnainir?p unpaid. with inta~sl ~cuued. ~nd all morays ~ecvred hereby. shall bsoome dw ~nd P+Y~
able forthwith, o? thereaNa, at tM optan of said MORTGAGEE, ss fully and compl~~ely as if all of ths s~id wms of maKy were wipi~lly atipulated
ro b~ paid a+ s~d+ daY, snythin~ in sad promiswry not~ or k~ this Maty+ye to the ~mrary notwitMts~dirg: and thereupon o. there•ha M tM option of
ssid MORTGAGEE, without notia a damantl, wit at law or in equity, ther~on or tMre+ftK bs~un. n++y be Prosec~ted u if all me~eys s~cu~ hereby
had en~tured prior to in i~tihrtion.
7. Th~t in fhe went that at the beginninp of or ~t any tim~ pendnp ury wit upon tha Matps~, or to fo~ado~ ir, c? to rofwm iL a to enfwo~
payment of ~ny cls'ans hereunder. ssid MORTGAGEE shall spply to the Go~rt hav'ug jwisd~ction theraof for the appointment of • Receivar, wd~ ~owt sh~ll
fathwith appoim ~ reoeivar of said maty~ped propertY all and sinpula~, Gxludmp all snd sinQulu tM income. profits, iss~?es and revern+es from whatwe?
saurce derived. each and svery of which, it beinp expressly unders~ood, is hereby mortyaged ~s if specifically set forth and desvibed in tM ~antinp uid
hsbendum dauses hereof. snd such Reuiver shall haw aIl tl+e bwd ae~d effective fu~ct~ons aed powen in aoywise entrusted by a Court to a Receiv~r, and
such sppointment shall be made by such Court as an sdmitted eqvity snd a m~tta of absolute r'ght ro taid MORTGAGEE, and wirhoW referaoc~ to tM
adequ~cy or ioadeq~r~cy of the wlue of tF?e property mort~+ged or to the adve~+cy or insolvency of said MORTGAGOR a the"defendants, and tMt such
renn, profin, income, issuss ~nd revemies shall bt applied by such Receiver auordinp to the lien or ~quiry of said MORiGAGEE and the prsdic~ of wch
Coutf.
8. To duly, promptly ~nd fvlly p~form, dnchsr9e, execvle, effect, aorrpkte, oornply with ~nd abid~ by esch and every tFa stipvlatiooa, ayreema~ts,
conditioro and tovenann in said promwsory not~ and this mortpsg~ ser forth.
9. That in the event th~ ownaship af the morty~yad premaas. a any part thereof, becon+es vestad in a psnon othsr th~ the MORTGAGOR, th~
MORTGAGEE, its successon aed +ssiqns. m+Y. without ^etice to tl+e MORTG/WR, dsal wieh such wccessw or u+ccessor in interest with referMCe ro this !
mwl~ays and the debt hereby secured in tM s~ manner as with Mwtysyw without in any w~y vitiatinp w dischsryinp the Mort~sgws' lfability herr ~
vr+der or ~pa+ the debt hereby sccwed. No s+le of the premises hereby mortg+ged and no fwbearanos on th~ pan of the MORTGAGEE or in svaesson j
w auigro and no extension of the time fw the p+yment of the deb~ hereby secured ~~ven by the MORTGAGEf w its successors or assip~s, sFwll op~w» ti
to release, dixharye, modify ~cMnpe or affect the originsl lisbility of the 1MORTGAGOR Far~in, either in whole a in put.
10. It is spccifkally agreed that time is of the essence of thh oontract and thst ra wa'rver of any obl'~gaYan M?e~ndcr or of the oblipafion sr
cured Iwreby shall at any time thereafter be held ro be a waiver of the temis hereof a of the instrument ~ecured he.by.
1 addition to the forego:rg monthly payments of princ:psl and interost requ~red by the prom~ssory note secwed hereby, mwtq~yor coven_+~r ~
and sgrees ro p rt agee with each mowthlY psYment an additiorul wm est~mated by matyape~ to be eqwl w 1/fi2 of the annua t-~F1~ow-
ing:
A-NI real preperfy faxas kvied or sssessed agsi~af ibed real estate.
8-Premiums on fire and windstorm inwnnce as herein required to be um xnprovemenn sitvate on the above desvibed ptemaes.
~ C-Premiums on such mort9age 9uarantp insw+nce ss mortg rom Y~me to time ' urry on the losn setured hereby.
i Mortgagee ~atl from time to time notify w?iting of the arnount due and payable hereunda a m shall therevpon be due a~d
~ payable on the due date of the next payment and each successive month there~her until mutgsgee shal) notify mor g a chsrge in suth
~ amount. Sud~ wms by mortgagee roward the payment of real ~,roperty taxes, insunnce prem:ums, and mortgape ywr~ ' uwr?c~
~ prem
~ IN WITNESS WHEREOF, the said MORTGAGOR h~s hereunto s~t ha hand and seal the day and yeu fint aforesaid.
~ i~ Sig Ssalad and iver in the presa+os of:
~
. ~
~
re..q
STATE OF FIORIDA ~
ST. LUCIB
cournr oF
~ ~~iya~p~+~ Kenneth R. Drew ,~,d
Bvtlyll L. D!@w his wife. ro me well known ar+d known to me to be
the ind'ividwb d~w~d in ~rd who tx~aded ttw forpoinp h~strum~nt, and acknowledped b~foro me th~t Mry ~xecvtsd the sam~ for th~ pwpw~s
tF?e?ein ~x~wysd. Md tht ~~i~ ~VQl~/11 1... ~Zew
wtf. d tM wid fC~iflt~th R. DIeN upon a wparat. and pri+raa
e:amin~tan by m~ tak~n ~eparat~ ~nd ~put from her said lwsb~~d, ack~owl~d~ed w and befon m~ N?at shs executed s~id irotrurn~nt ketly and vole~
raritr and withovt a+y oompulsion, oomtnht, ~ppr~ ~mion a fsar of w from hK ssid Fw~bu~d.
wtTNESS my ha+d ~nd offk;at Na1 • day of - 1 I1. D. 19 69
~
ary Publk in u+d for tht StaN of Norida ~t larp~
My Comnistion tnpira:
RNwn Ta ~ ~iry sb1! ~ ~If~ ~
Fint FsdNa) Savinp~ i Lo~n As~ociatan ~ - w ~ ~ ~
Of Fort Pi~rc~. A.Mas Hw ~ C~1r G.
' ~i .
Fort Pierc~. Fbrida -r. _ OR~~~'1 t
' _ . f I~E~ AND REC
: - T. ~UCIE COUNTY. ~L~C. :
- ~o _ : ~ S R~ C~A~ ~E~IF~E
. ~ ~
This Instrument Prepared By . : - % :
Fir:t Federal savings 6 ~oan ~sociation f~;;; 39
of w~ P~e~~ , 6
9 A~ ~ p QM 12 :
John ~1. Collins
Checked By ' . "~-r~
ROGEP. ~'OITRA Y
w CLE~K• C~f~CV~A t~OUR 1:
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