HomeMy WebLinkAbout1555 ~ ~ 1 ~ Y . . .
To pl~n and contMKwu~ly kMp on tM buitdinpf now a hKtaher ~ituaN o~ said land ~nd oo aU puipm~M and ptnonally tov~r~d by this maq~
p~.~wHh ~II p~miwns tharea~ paid ia h?ll, fin kuura~c~ io tM uswl itandwd policy fo~n+, in • sve~ approved by ~ht AhORiGAGEE, snd wind~form
imwanc~ in tM uswi s+anda.d polky fo~m, in • wm app~ov~d by th~ MORTGAGfE. in wch company w con+Wni~s as th~ MORTGAGEE nuy
d'wclt and ~II fin ~~d windsrorm inwrN+a polidea on any of said b+ildinp~. ~ny i~Mr~s~ th~.sin w p+rt the~wf, in rM apqrep~t~ swn ~forn+W w
In Nccea Ihenol, shall ca+t~I~ tM wwl sandud matpa~ clwse a wd~ wha ciav~ ~s tM Mor~9apM e+ay rpuin. m+kii+p 1hs loa ~nde~ t+id Pdi~
ti~s. ~ach and ~vaY. WYabl~ w iald MORTGAGEf u itf intKest m~y spp~ar. and ~ach a~d ~wry wch policy ~!?~II be p~omptly asi:pned and dslivK~d to
•ny h~W by ~aid MORTGAGEE ~s iw~F~ s~cwihr ro s+id mortqap~ debt. and, ~+W Its~ tMo tea (10) d+vs in advanc~ of ~he ~zpir+tion of Nch policy. ro dr
I~wr ro wW MORiGnGEE •~enswal therwf. top~tl?K with ~ nceipt fa IM premiwn of wch rMewalj ar+d thsr~ ahall b~ no iir~ w wi~dstam in~w~ne~
pl~o~d on ~ny of said buildinps, ~ny interat 1hKwi a put thereof, uoku in ~h~ fam ~nd wiih th~ Iws paY~bb a~ ~t«asaid~ and tn tM ~w+N aey wm
of e~w~y Mcpr~e~ p~yabl~ u~der wcA policy a policl~s saW MORTi',AGEE ~hall Mw ths opYwn to reuiw and appty th~ san~ on account of tM ind~btsd
rnss ~scured Mnby o? b pe~mit s+id MORTGAGORS to rsaeiw and uw N ar any put th4~wf fw oihe. pu~poses. wl~hout thsreb~ waiviny a~mp+ir-
inp anr p~ity, IiM or ripht un{~ or by vktw of this matpap~t +nd in IM tvent ~aid MORTGAGORS shall fo? +u~y ~eason f~il to ke~p th~ s~id prM+ises so
in~w~d. or ftil b d~livk promptly any of said polid~s of i~wranu fo s~id MORTGACaEE, or fsi! promptly to pay fully any premium ther~for w in anr
nsp~ct bil b pKform, dixher~e, ~:~cut~. ~HM, caoplet~, compiy with ~nd abid~ by this coveoar?t, or +nY put I+erwf, said MORTGAGEE may plaa ~nd
p~Y for ~uch inw~ance or ~nY put tl~eof without w~h~inp w aff~ctiep any option, IiM, puiry. o~ rigM under a by vi„w of this Mort~e. ~~d tM
full amowN of each ~nd ~wry wd? p+ym~nt shall M imm~d'utsly dvs uid p~y~bl~ and sM~l bea~ inferat from th~ dat~ thereoE wuil paid ~t tFN ~at~ d ~
nina per centum pa arowm aod topelhe~ with such interat sMll k» securcd by the IiM of this mo?t9sp~.
1. To ptrmit, canmit a wff~r i+o wast~, impakment or detKioratfa? of w~d p~opKty a+ny p+rt th~reof, i
S. To pay ~II snd sh+pvlsr th~ costs, cl+vp~s ~nd ~xpe~ses. inc{udinp a n+so^+ble +»or^~Y~s fee a~d aosn oi abstr~cts of titl~. incuned w WW ~t ~
~ny tima bq said MORTGAGEE, b~cavs~ or in tM ~veM of tFK failw~ on ths put of tM said MORTGAGOR 1o duly. promPtly and fvlly psrfor~, d'acha~ . ~
execvfe. ~ffect. compkts, oomply with u+d abid~ by ~ach and ~very tl+s at~pulations, ayreame~ts. ca+ditia+s ~nd oownanb oi said p~omissory not~ and this •
rtwrep~y~ any w eitlwr, and said coits, chup~s ~nd ~xp~ns~s. each a~d we+Y. shall b~ immediately dw and p~y~ble: wfieth~r a not ther~ bt notice dr
m~nd, ~ttempt ro collect or wit pendingr and tM full amount of sach and every wch p~yen~nf ahall bear it~terest from the d~N theteof until paid ~t the
rate of nin~ per centum per ~n~wm; snd all said coses, chu~es ~nd ez,.-enses inc~yred~or p+id, tog~the~ with such imerat, sMll b~ sew~ed by th~ lia~ of Mw
mo?~~p~-
6. Th~t in tha ~vent of any bre~ch of this Mort9s~ or defwlt on ths part of tM MORTGAi'ipR, o. (b) i~ the event any of sa~d axm of mon~y
herein referred ro bs nw promptly ~nd fully paid within tF~irty (30) days r?ext ~fter the same seve?alty become due and payabk. witho~~ d~mand or no~ict.
or in tl+s ewnt each a~d every the stipulstiora, agnaen~nts, conditian and cova+iob of sa;d promissory note and th~s ma~a9e s~y w ~ith~r ~n no1
iuly, promptly ud fulty perfwmed, d~scMryad, exatvt~d, ~ffected, campl~ted, complied witA and ~bided by, tkN+ either o~ any such ~vs~t tM said ap~
gre9at~ sum mee?tarwd in said promiuory note then rem~ininp wy~sid, WITF1 IfdNttl KCfYld atld all maxys aecured Mreby, sMll beooe~e dw a~+d p~y-
abla fwthwith, w thereaRa, at th~ opYwn of said MORTGAGEE, ~s fully snd con+pletely as if ~II of the said wms of moner were o~ipindlr sNpulated
to be paid on such day, anything in said p?omiuory raro or in fhis All~t9ape M the ca?tr~ry notwithstu~di~j and ihereupo~ o? thcreaher at tM option of
iaid MOiETGAGEE, without notice w dem+nd wit ~t law or in puity, ther~for~ or tharesfier lxg~~, m~y be pro~ecuted as if all maxys sacwd I~sby
had mawred prw. ro in tnsrirvt"aa.
7. tlwr rhe event tha~ af ~he be9inni~g of a at ~~y f'ime psn~nq amr wn upoe rhis Mongage, or a fw«Iw. ir, w w rofwm i~, a ro aef«o.
paymenl of sny cla'~na hereundsr, s+id MORTGAGEE shall apply to the Court Mving ju.isdiction thereof fw the ~ppantment of a Receiver, suth Cowt sMll
forthwith ~ppoint a receiver of said mwtgaQ~d property all ar~ siegvlu, includ~ng all and sin9ulsr the i~cwne, pro(ib, iuues u~d rwenues fron~ wh+t~ve~
source derired, each and every of which, it beinp expressly w~derstood, is hercby mwtgaged as if speuficallp set fath and desuibsd i~ tl?e ~r+ntinp and
Mbendwn clauses hereoi, and s~ch Receiva shall h~w sll the brosd ~rw! effectiw funa~a?s and powers i~ anywise amusred by a Ca,n ro a Receiver, and
such appointment shall be made by svch Cowt ~s ~n sdmitted eqvity and a maner of absotute r'pht to wid MORTGAGEE, and withovt reference to tM _
adeq~acy or in+dequacy of the vatue of the prop~vty mwt~syed o? to the soNeoqr or inso~ve~cY of said MORTGAGOR or tM defenda.lts, u+d that such .
renn, profin, income, asues and revenues ~II b~ applied by such Receiver ~ccwdinp to th~ lien or eq~ity of s~id MORTGAGEE a~d ~he practice of auch
Court.
8. To d~ly. promptly snd fuly perfwm, dacharge. execute, effect, compkt~, cwnplY vrifh a~d abid~ by exh and every th~ stip~lation~„ ~greemants.
coeditions snd covenanrs in said pmmissory ~ate snd this mortgage set forth. ~
4. That in the event the ownrnhip of th~ mwty+yed premises, w sny p.n *haeof, becomes vestad in a ps~wn other th~n the AWRTGAGOR, th~
MORTGAGEE, its wccessors snd usigro, m+y, without notice to the NtORTGAOR, deal with such wccessw or wccessor in interest with reference w tl?is
mortpaye and the deb~ he+eby secvred in the same m~ra~er aa with Mortqsgw without in ~ny way vitiatlnp a disch~rp'ug ths Matgsgon' li~bility h~r~-
under a upon the debt hereby sea:red. No s~b of the p~emises hcrcby mortysped and no fo~bearance on the part of the MORTGAGEE or in svocessors
w auigrn snd no extension of the Y~me fw the payment of the debt hereby sec~red ~iven by the MORTGAGEf w its wccessors or ~ssigns, st?all opa~t~
ro release, discharge, modify thsrge or affect the wiginal li~biliy of the MORTGAGOR herein, either in whols ar in part.
10. It is spec~f'~cally agreed that txne b of the essence of this contrsct and that no waiva of any obtigation hereunder or of the obtlpation se-
cvred hereby shall at any time thereafter be hek! to be a waiver of ths terms hxeof or of the instrument secwed herby.
11. In sdditior~ ro the (orego:ng monthly payments of princ:p+l and interest requircd by the proni~uwy note securtd hercby, mortgsgor covenanb
and +grees to pay to mwtgagee with esch monthly payment an additionsl sum estimated by mwt9agee to be ec~ual to 1/12 of the annual coaf of the fdlow-
iny:
A-All real property tsxes kvied or assessed agsinst the sbove describe~ reat estate.
6-Premiums on fire and windsform insurance u herein requ:red to !se urried o~ the improvanenb situate on tha above described premises.
~ C-Pr~miums on wch mort9age 9wranry imurance as mortgayee shaU from t~me to time deem fit to wrry on the loan secured heteby.
~ Mortgagee shall from time to time notify mwtgsgw in w~iting of the smount due snd paysble F?ereunder and such wm shall thereupon be dve and
payable on the due date of the oext monthly payment and each successive month there~fier ur.til mortgsgee shall notify mortg+gor of s ch~rge in wch
amo~~t. Such sums sF.all be applied by mortysgee toward the psyment of real property tazes, irounnce prem:ums, and mortys~e 9uuanty inwranct
pr . '
IN WITNESS WHEREOF, the said MORTGAGOR hss hereunto set his hand and seal the day yeu fust aforaaid ~
s;~n.d, kd ,~d ,be a~e~w, ot: FILED AND RECORDED
S-. lUC1E COUF~TY, FLA. ~
~ . :~F. •l~f:i= '~C3
~ . ' ~ 18445~3 p
20 A~~ I i. 58
STATE OF FLORIDA
St. Lucie ~
courm oF ; ~ ~ - ! T R "
defw. me p~rsonally appesnd ~ aod
AltBa@Se Hj/ CiC his wife, ro me well known ~nd known to ms to
ths &dividwb described in and who exewted the foreyoirg instruma~t, and aclu+owH~CKws rn~ that tFky executed the sam~ fw tht purposes
~r~~ .~?~.d. a~d ~ia Altaaese S. y •
wife of tM ssid JaCk Hy13Ck ~~m
exam~n~tan bp me tsken sepsraro and apart from her ssid Mnband, ~cknawkdped to and befon m~ that ~ ezecuted s~id instrvment fre~ly and volun-
rarily and withouf any aompubioo, constrsint, spprel~eroia~,,~°~ ftx of or from her pid hvsbs~~d.
WRNESS my I+~nd and official stal tF~~ 17•~-L+ d~y of OCtOb@Y A, p, ~q 69
~
. ~ry v~aic i~ «,a fo. th. s,N. of Fb.d. .t l..p.
!~r -rf.~~ '9b,d~"l~ATE OF FLORIWI QT lAIE~E
Retwn Ta. ' ,.~utt~t~~~~~~~1Y=.C~MMtSvION D(PIRES SEPT. 23. 197f
First F~denl Ssvirgs d. l.oan Auocistion . . i1RMI f~EY w. ~f3TE11pR~
Of Fwt Picrce. _°eG ~,:....,~~:`.1 ~if~ ~
Fort Pierce. Fbrids - ti'~ _ '~%,~r r~ -
. - ' ,
_ .
i ~ ' f y P
This Instrument Prepared By John W. ~G~f~fs? •
First Federal Savings b Loan Association L.- Q..:' ;
~
• of Fort Pierce ~ Florida 'j~~--'~,,:~ r~;•~•.•:.
l `!.-.Yat.~tf~ ~el ~ ct!:.. ? `~1~,
Chedced By -~''iri«iun~~''•
_ 0 R
aoaK 180 ~?~1552
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