HomeMy WebLinkAbout0190 r. ~ .
S. To pl~ and continuo~sly k~ap on tM buildiny~ now ar h~reaftK situ~t~ on sak! land and on ~II p~iprt~srN and Pe~so~+~h covK~d by thif mat¢
~pR. with al) premivms tF~~on p~id in full, tir~ inwranc~ in ~hs wuai standard policy fum, in a wm ~pprowd by tM MORTGAGEE. ~d wie~rorm
inswanc~ In tlw uswl atanda~d policy form, in • wm ~pprov~d by tM MORTGAGEE, in wch comp+nY a tomP+nies a tM MORTGAGEE n+ay
d~,r~t Md all iL~ and windstorm inswaoa po~k+ss a+ +ny of a~id bulldi^pt„ a^Y i^tatat tMrein or part IMrwf, in ~M a~p.eyn wm afonuW o.
in ~xa~a tlne~wf, sh+ll ca+t~ln tM uswl st~ndsrd nar~9a~ee claus~ a such oth~r clws~ as tM MalpayN may rpuu~, m+kinp 1M bu und~r s+id Pdi~
ci~s. each ud ~w~y. Wrabk a s•id MORTGAOEE a its inta~sl m~y ~pp~sr. ~~d each ~ed ~v~ry s~ch policy sMll b~ promptly us:~n~d ~nd delivend ~o
any Mld by s~id MORiGAGEE ~s iur~he~ secvrity to s~id morfy+p~ bebt. +^d. iwf kis tlwn ta? l10) days in ~dva~+a of tM expiration of e~ch policY. ro dr
liwr ro s~id MORTGAGfE a r~xwal thenof, top~tFwr wilh a nc~ipt for the pnmiwn of svch renewalt ~nd ~hen ah+ll b~ ro fa~ a windstam inwrana
plsad on +~y of ak! b~,ildirgs, any Inte.est tMr~in a p+n tM~wf, unlsss ln ~M fo.m and with th~ bss paYabb ss ~fonaidj ~nd in tM ~wnt +^Y sw^
of morNy beca~Kt p:yabt~ wxMr such polky w pdici~+ s+id MORTGAGEE shall Aaw th~ optan ro nceiw ~i+d apply fM same on ~ccam~ of tM indebted~
ness secw~d hK~by a b permit said MORTGJ?GORS ro nae7w and us~ it w~ny put ~I+ereoi fo~ other purposes, wi~hout ths~eb~ waivinp or impaiN
inp s~+y pu7ry, ti~n w.iyh~ w~de. « by vinw of thia morep~; ~+d i~ rM ~va?t s~id MORTGAGORS shall fa u~y roason fsil b ke~p ~M s+id p~N?+ises so
Insured, a fill 10 dfI1VN prompNy u~y of sa~d poGd.s of in~w.~+os ro s~id MORTGAGEE, or fail promptly to pay fvlly ~y prsmium ther~fo~ a in any
r~sp~ct fail q p~riam, dischu9e. execvre, ~ffM, complNt. camp~Y with u+d abi~M by this cown+nt. a sny par? hereof, said MORTGAGEE m~y plac~ and
p+Y fa :ucl~ Lawancs or aMr part thereof without waFrinp o? affacHrg any optwn, liay eq~ity, or ight under or by virtw of thts Mwt~. and tAc
f~ll ~mount of sach +~d wery such WYme~t aMll M imnsdiat~ly dw ~nd payabl~ and tfisll bear intaest f~om tM dsb thereoi uotil paid ~t tM raM o)
nine pa cenwm per annum and to,~Nhe~ with t~?ch interest shall be secvred by tM lien of this mw~~+ps
I. To pKmit, commit w wffet no wsst~. impairmsM w deteriwarion of said property or anY p+rt thereof.
S. To pay ~II and siig~t~r the coats, cMrpes +~d ~xpaaa. u+?~::dinp + re+so^+We +tton'ey i fee and cosn of sbstracts of titl~, incun~d or paW a1
any ~im~ by said MORTGAGfE, because a in the ewnt d tM 4ilvro on tM pah of the said MORTGAGOR to du~Y. P~a^Wb +^d fi?~b PKform, dischu~
execut~, ~ffsct. canplste, oanply with and ~bids by txh and every the stipulations, ay~eements, tonditions„ and covenanb of said promissory nott u+d thu
mort~ any or eirhs., and sa~d cosb, chu9es and ~xpense~. er~ and every, sMll b~ immediately due and paysbles wl+ether w not there bs notiu d?
ms~+d, attempt ro oollect w wit pendingj snd th~ tvll amo~nt of tach and every wch payment shall beu imerest from ths d+~e thereof until p~id at 1he
raee of nine ptt centum per aruwm; and all said costs, cF++rpes and expeoses incurred or paid, together with suth inttrest, ahall be satured by th~ li~n of this
6. That in the we~t of sny breach of this Mortyag~ or default on t!r part of the MORTGAGOR, or (b) in the event My of sa~d wms of money
herein referred to bs not promptly and fulty paid within fhirfy (30) days ~?ext after the same sevaally become due ~nd payabte, wi~Faut dem~nd o~ notica.
or in the event esch and erery the slipulatio~u, ~greemenb, cond~tions and cove~ann of sa~d promisswy note and th~s mortyaye any o~ ei~her ~~e no1
iuly, promptly and futly performed, disclWrged. execvtsd, ef(ected, completed, complied with and abided by. then in either a ~~y uxh ~veM tM said +Q~
gregate wm ment'aned in aid promiuoty note the~ remainir?~ unpaid. witl? intertst accr~ed, and all moneys secured hertby, shall betome dw and pay~
eble fwthwith, w tMreaAer, at the option of said 1NORTGAGEE, u fu11y ard compktely as if all of the wid wms of money wer~ aigin~lly st~pulated
to be paid on such dsy, anything in said promissory note w in tha Mortgage to the contrsry ~otwithsanding; and thereupw+ a thereafter ~t ths op~ion of
sa~d MORTGAGEE, witlw~t no~ice or dern~nd, suit d law a in equity~ 1F1lfQfOf! Of ~MlfNfiH begun, msy be prosecuted as if all moneys wwred hereby
had mahxed pr~or to iri institution.
7. That in tM eve~t thst at the beginr~irg of or ~t any time pending ~ny su~t vpa+ this Mortgage, or ro foreclose H, or to roform it, a fo enforo~
payment of arqr claims fiere~rnder. said JNORTGAGEE shall apply ro the Covrt having jwisd~c~ion thereof foi tbe'sppq~nt~r}t Qf. a Receiver. such Coun shsll
fwthwith ~ppoint s receiver of said mortpaged property d~ u+d singu~sr, includ~ng all and singutar the income. profib, issues and rtvenues from what~ve~
source datived. each and every of which, it beinp expreuly vnderstood, is l+ercby mortgaged as if specitically set fwth and dettribed in the yrantinp a~d
habendum da~rses hereof, and such Receiver sha11 have all the brosd snd effective functions and powen in anywise entruated by s Court to • Receiver, and
:uch appointment shall be made by such Court ~s a~ admitted equiy and a matfer of absdute right to wid MORTGAGEE, and without reference to th~
edequacy a insdequscy oi the valve of the properry mwtg~9ed e? to the sohency or iosolvency of said MORTGAGOR w the defendann, a~d that such
renu, profits, income, iuues and revenues shalt be applied by such Receivsr accordinp to the lien w eqvity of said MORTGAGEE and the practice of s~ch
Covrt.
8. To duly, promptty ~nd fully Ferform, discharge, execute, effect, complete, comply with and abide by each and ~very the stipulatioro, sgreemenb,
conditiom w~d coven~nts in said promiuory note and this mortgsge set fwth.
9. That in the evem the ow~xnhip of the mortgayed prcmises, or sny pa?t thereof, becomes vrsted in a penon other tMn the MORTGAGOR, th~ ~
MORTGAGEE, iri successors snd assigns, msy, withoW ratice to the MORTGAOR, deal with such wccessor w successor in interest with reference to this
matgage and the deb~ hereby secured in the same maro~ as with Mwtgsgor without in any way vitiatinp or diuharging the Mortgsgors' liability hera (
under or upon the debt hereby xcured. No sale of the premius hereby mortgaged acid no fwbearence on ihe part of the MORTGAGEE or iri successon '
or assigns and no ex~ension o4 the time iw the payment of the dcbt hereby secured giver? by the MORTGAGEf or its wccessors or auigm, ah+ll oper+te
to relsase, dischar~e, modify thange a affect ihe original liability of the MORTGAGOR herein, either in whok or in p~rt.
10. It is spec~fically ag.eed that time is of the essence.of this contract snd thst no waiver d amr obligaYro~ hereund~ or of the obliyation se-
cured hereby sh+ll at any time thercafter be held ro be a waiver of the te~ms hereof or of the instnm~ent secured herby. ~
1. dd+~ion to the forego:ng mo~thly paymeMS of princ:pal and interest ~eqvired by the promissory note secured hereby, mortgsgor Mnb
and agrees to pay with each mo~thly payment an addiransl sum estimated by mo+tgagee to be equal to 1/12 of the o the follow-
, n~_ .
A-All real property taxes kvied a assessed against the ~bove
8-Premiums on fire and windstorm insurance as herein o carried o~ the impro situate on fhe above desvibed premises.
C-Prcmiums on svch mortgage gwran nce as mwtgagee shall from t~me to time deem fit to car e loan secured hereby.
~ Mortgagee sfiail from t" ~me notify mortgagor in writing of the amoum due and payable hereunder and such sum ieupon be dve ~nd {
payabk on the d o the next monthiy payment and each svccessive mo~th theresfter uotil mortgagee shall notify mortgagor o a m wch f
~
amouM sums shall be applied by mortgagee toward the payrrKnt of real property taxes, inwrance prem:ums, and mortgage guaranty~i O~yQte ~
m~ums.
! IN WIT SS WNERE , the s+id AGOR h+s herevMo set his hand and seal fhe day and year first aforesaid.
I Sg a li presente of: _ •
E 10~~[/C~+W/ (Sea~
n
~ =-~-~Q ~ ~ ~ ~s«~
~
~ STATE OF FLORIDA ~
S t . L.1LC 1@ ~
COUNTY OF
b~fon me personally ~ppesnd Howard R. B rown ,,,d
Barbara C• B YOWYI his wife, to me well known snd known to mt to b~ '
i
rhe lndvidwls dewibed i~ ar~ who executed th~ fweyoinp instrument, and acknowfedped befwa me that they executed the ssme fw tM pwposes
rn~,e;~ e,~.~a, ~„d ,t,~ B arbar a C.- B rown
,rrir. of th. s.id Howard R. B rown ~?pon , s.p+r.r. .nd privt.
ex~min~tion by me ta4en separ~t~ snd apart from her uid 1wsb+nd. ~dcrwwt~ed to ~nd befon m~ that sF+e exewted said irutrw~wnt fr~el~? and volun-_
rarity and withoiA any canpulsan, constraint, apprslwmion.~fear of or from ha s+id husband.
WITNE55 my h~nd and offici~l seal tl~i: °Z day of A. 19~i2
w. , '
,
~
I~.E~ aN~ v
C , FL'N• Nobry Public in a~d for t~ tj~~ . .~t.bi[6! (
Retum Ta ~E
~
0° 0 V Ea
F IE~ My Commasion ~zpires: ~C; ~
Fint F~daral Ssvirgs 3 loan Associat~on a +~YiA/Y WtU~i~, =TATE 9i ~~l0~-~~ `
MY COMMISSIOh FXP~RS~.D~, 1= 30~~ ;
Of fore P~erce.
1 WMO[O 7M110t/SN IAfD ~~v D)f 3K1~j0~[~ . ~
fwt P'rorce. Flaid~ ~ r ? • ~ ~ ~ ~ =
A~ 28 • - ~ ~ " - `
'1.? .
This Instrument Prepared By ~GE~ Paj~ ~iF.; ~ -
First Federol Savings b loan AsaociationC`E~K G~~~fT CO
of Fort Pierce
Checked By 8. -1 ~ ~ -
~ f~ . : ~ ?
~ c f
r ~ ? ;a
~ ~ ~ ~ v a..tr:~ ~ 3-
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