HomeMy WebLinkAbout2211 . . _ ~ ~ , / 1
~ , ~ ~
To piac~ and contiewousiy kesp on th~ buildinps now w her~ah~r situaq on ~id laed ~nd on aN eqvtprvrnt and p~rsor?apy coversd by this mort¢
p~ wUh d) pnmiums thaeon p~id in ful1, tin insw~nc~ in tM vwal standard polky fcrm, in • win approvsd by tM MORiGAGEE, and win~btorm
in+w~nc~ in tM uswl su~dard policy torm, M~ ~ wm ~pproved by tM MORiGAC,EE, tn wch sompanY or compania a tlr MORTGAGEE asay
dincit +nd ~N firs u+d winaharm irawaoa policie~ on any oi said buildi+~p, ~ny tna~~s~ rhKSin or p~.t thsreof, 1n ~M p~rey~tt wm afor~sak! or
In ~xcssf tMnof, sh~ll ca+tain tM ~wal sta++dard monya~e clsv~ or auch ah.r cl~ .s ~F» Mo.tpaqe. may rpvir~. makii+p th~ Iws und~. a~id po1F
ci~s. ~ad~ and ~wry. paY+bt~ lo s+id NIQRTGAGEE q ib i~tKest may app~ar. and tacA and tvtry tuch pclicy shall be pomptly ats:pned snd dtlivK~d to
~ey hstd by wid MORTGAGEE ai funh~r secwity to said mort~~ d~bt, and, no~ IrW thse~ ten (10) days G? advanu of IM ~xplr~tan of each policy, to dt
livu ro said MORTGAGEE • rer~wsl th~r~of, top~tl~ with a ncs~pt fa th~ pnmiwn of wch ~Mewalt ~nd ~hsn ~hatl Ee no f'u~ w winditorm kuuranc~
pl~pd on ~ny of sak! bvEldinps, any intaat tha~in ar put tMnof, unku in th~ form and with tM las paysbl~ u ~(oresaidt ud in tM ~wm ~m swe
of mon~y beca+ne~ payable u+~der wch policy w polici~s wid MORTGAGEE shall hsw ~M opuon to roceiw and ~pp:y tM s+me on scco~nl of tM indebt~d-
niss ~acur~i hereby a b ps~mi~ aid MORTGAGORS ~o roceiw aed ~se it a aoy part thereof fa orher purposes. w;~hout tF?srcb,r waivi~~y or impair-
irg anY puiy. liu? or ripht w~der w by vinw of ihis mortp~; snd in tM ~wet s~id MORTGAGORS shall fa ~y «asoo tsil to keep ~h~ aid pr~mises so
insv?ad, a fail b delivat promptly ~ny of said policla of insvr~np to s~id MpRTGAGEE. or f~il p?omptly to pay futty a~y premwm thsrtfo~ or i~ ~rty
r~sp~c~ fafl p pKfwm, d~scM~ye ~x~cute ~ffect, compl~tt complr wirh and aWd~ by Mds coven~nt, or ~ny pan h~reof, said MORTGRGEE m~
Y P~aa ~nd
WY fa wch tnsw~ or any p~rt therwf witAout w~Niep a aif~ctinp ~np oPtiu?, lia~, aqviry, w riyht unda o~ by virtue of ~his Mort~. ~nd the
full anaunt of each ~nd tve~y wch payme~t thaG b~ imnwdiahfy dw ud pyable u~d i!»Il bear interest from tM da~~ thereof u~?til paid N tha rat~ ol
nir» pN pntvm per aruwm and tcc~yether with such inte~est ~hall be setu~ed by tM li~n of this mwlp~y~.
4. To pamit, oomn,:t ar wffa no wuto, Mep~kment or deteriowtion of said propKty or ~ny pa~t ther~of.
5. To pay all ~nd sinpular Na coa», cha~s and axp~mea, indudinp a~easonabl~ attorney i f~e snd oosts of aburacts of titl~. incuned w p~td at
any tims by said N~O~TGAGEE, b~cause or in the ~wnt of tM failws on the pin of the said MORTGAGOk to du1y, prompNy snd fully psrfwm, discMrp~
execute, ~ffect, oomplet~, comply with and ab:d~ by ~~ch and every the stip~letiwss, ~yreements, conditia~s, ~nd tovensnts of said peomiuory not~ u+d thi~
mwtyap~ ~ny w ei~Mr, ~nd said costs. chupes and upensta, each and ~wry. shati M imn+edi~tely due ~nd paysble; whether a not there be notice dr
mand a»empt to eolkct w wit psndinp~ and tF» full amount of ~ach a?d every such paymee~t ahall bear intereat trom tlw daf~ thereof ~ntil p~id at tht
rafe Of nine ~flr cMium pa~ ~rnweh; im~ ~II iiid COtt7„ Chir~ft Yftl lx~fnSOt kKLr~~tl Ot paid, tp9flF~ef witA suth i~tKql, thall b~ sacured by tM lien of thu
mortqap~. •
6. That (a) in the evanr of any brexh of this Mortpsp~ or def~ult on ttr pan of ths MORTGAf~OR, or ;n the event any of uid s~xm of morKy
hcrein referred to be not promptty and f~lly p~id wi~hin thirty (30) dayi neaf ~frer 1he same severalty becom~ due ~nd payable. without demae~d or notic~,
or (c) in the event esd+ and every the stipulatio~s, agrea~a~q. conditio~s and coveaan?s o! sa~d promissory rwts and th~s mortpape any or ~i~her are no1
iufy. prompNY and futy performad, d~scMrged, exacvrod, effsct~d, completed, complied with and abided by, tMn in athar a ae~y wch ~we~t tM said ap~
greyat~ wm mentioned in said promiuory note tha? remainirg unp~ld, with interest acuuecl, and aii monsys secvred litreby. shall becoms dw ar~d pay.
abb fathwith, q thsreatter, at t!~ option of said MORTCaAGEE, as fully :nd compktely ~s if all of tl~e said tums of money N,e~e aipinally stipulated
to be pa~d on s~ch day. anythin~ in sa~d promiuory ~oM w en this Morqage to the contrary noewithstanding: and thereupon a theraafter at tM option of
said MORTGAGEE, witfw~rt notice w demu~d, wit at taw or in pvity, 1FM/flpQ p t}I!?NffN bepvn, may be prosecuted aa if all nwneya securad hsreby
had matwed prwr ro its institution.
7. ihal in the evcM th~t at the begirr?irg of w at u~y 1'~ms pe~ding any wit trpo~? this Mwtgag~ p to feredos~ H, or to reform it, w ro ~nfwp
paymenl of any claims he~eunde~, said MORTGAGEE shafl apply ro tha Covrt h~virg jwisdictioo lhe~eof fw the appoinlment of ~ Reteiver, sucb Covn shsll
forthwith appoint a roceiver of said rtwrtyaged proQerty all ud sin9ubr, inclvdmg all and sin~ulu tM income, proiits, iasues sr+d r~venues from whatsver
source derived, each and every of whrch, it beinp expressly underttood, is i,treby mortgaged as if spec~ficaliy set fwth ~nd dewibed in tha yr~ntirp ~nd
habendvm clavses hereof, u?d such Reoeiver shall Mve all the broad snd effective fu~a:ons uid powen in u~ywise entrusted by a Court to s Rsceivsr, and
wch sppoi~tment shaU be made by wch Court as an sdn?ined equiry a~d s rn~iter of sbsolute riyA~ ro said N1pRTGAGEE, and witlwut reference to ths
sdequacy or iRadequacy of the wtve of the p?operty mort9+yed or to the wtve.uy or insolvency o! said MORiGAGOR w tl+s defendann, and that wch
renrs, p.ofits, incorne, iuues ~nd revenues sh~ll be applisd by such Receiwr ~ccordinp a the I'~ w equity of said NtORTGAGEE ai+d ~he predic~ of tuch
CouA.
8. To d~H. P?omPHy ~nd fuliy perfom~. d'ac1?~~. ~ecute, effect, oompttte, aomply «ri~h uw.l +bide by e+ch ~nd every the stipulatiom, apraements,
conditain and covenann in said promissory note u~d this morigage set forth.
9. ?hat in rhe e~ent rhe ownership of rhe mongs~ad prem~ses, or any pan thereof, becanes vesfed ih a perwn o~her rlan the MORTGAGOR, tl+~
MORTGAGEE, in wccessws and +~ssigns, may, without notice to tha MORTGAOR, dc+l with such wcceuw or wcceuor in interest with re.'erente ro this
mortpsge ~nd the debt hereby secured in tha same mame~ u with Mwtpagor witFqut in ~ny way vitiatirg a dixharging the Maty~gors' liability !wr?
under a upon the deb~ hereby secwed. No s+le of the premises hereby mortgaged and iq fwbesranu on the pan of the MORTGAGEE w ib suoceuoro
or suig~u and ra exrension oF the time for the payment of the dcbt hereby secured given by ti~e MORT('aAGEf or its wccesson ot ass7yry, ahip oper~t~
ro release, discharye, modify charge o~ affecl the w.iginal I'wbil~ty of the MORTGAGOR here„+, eHhar in whole or in put,
10. It is specificalty ayreed that time is of the essence of this contract ~nd that no waivar of u~y obli9aYqn here~nda or of th~ obliyation ~e-
cured heroby shatl at any time thereaffer be held ro be ~ wairer of the terms hercof a of the liat~vment secu~ed herby.
11. !n afld~t7on to the fuepo:ng rnonthfy psymenjs of princ:pol end intenst required by the promissory note secured hereby, mwtgagor tpvenar?q
and agrees to pay to mortgsgee with each monthlY psYment an addir'wnsl sum estimsted by mortgagee to be eqval to 1/12 of the annwl cast of ihe foflow-
ing: _
A-Afl reat property taxes kvied Ar auesced agsinst the above rkwibed rea! eatate.
B-Premiums on fire and windstorm inswance as herein requ~red to be tarried on t!x improvern~nts sitvate on the sbove desoribed p~emises.
C-Premiums on such mortgage gwranty insurance sa mortgsgee shall from time to time ~m fit to prry on the toan sec~red hHeby.
Mortgagee shall from time to tinK notify mortgagor in v„r;ting of the amount due and payabk here~nder snd such wm sRatl thereupon be due and
payable on the due date of ti~e next monthly paymenf snd each successive month thereafter until mortgagee shsll notify mortg~gor of a change in such
amount. Such surns shall be applied by mortgagee toward the p~yment of real property tsxes, irnwance prertt;~ms, ~nd mortgspe guaranty inwronot
premiVms. ~
W WITMESS YVHEREOF, the ssid 1V10RTGAGOR has hereunto set his hand snd seal the day and yesr fint ~forosaid
SiDned. Se nd i ed in fhe paance of: e ,.~~.~iG~~-~"+
. 4
4
0
STATE OF FLORIDA ~ ,
courmr oF St . Luc ie '
eef«e m. pena,.~~r ,ppe,nd Jesse C. Steele ~
Maxine Stesle w~fQ, ~„~ii k~ ro m
the ind7vidusb desvibed in uKl who axswted tM fonpoirp instrumant, and ~cknowkdyed befon me that they executed the ssme for the pvrpos~~
r~•~ ~.~a. ana r~ s~~ Maxine Steele
wiis of ths said J@SS@ C• St6@1@ ~~~f!
exsmin~tion by me taken sepsrste and aput hom ha sak! hvsband, adu~o~ed~ed to and (x{on m~ that sM exewt~d said &nwment •fra~ly and vo{utf
rar~ly ar~d withoiA +nY comp~+isan, wnstuint, soorelroa~an, or fsar of a from ha~ said Iwsbar?d.
WITNE55 my fiand and officist seal thi. O~~TJL d~y ~ OCtO~CZ A. D. 19~~
' hiof~ry in ~nd fq the at~ of~!w ida ~!L,~p~
Retum Ta . 1Y~Y iuion txpires: /9 J/- ~
~
first Federal Savirgs d~ twn /lstociation
Of fort Pierte. ..~:t~~i 1ti~~~~J ' ~ ~I~i ~
Fo., P;~~. F~.~. c t n r~ ~a b, ~n
•
,,..f.. , .
. ~'%~r', FIL`!~'li~M'e`~R~~A.
~ l. tE GOUNT r
This Instrument Prepared By John W. Collins .r ~S~'S,`~
~~'D `:`RIF' ~
First ~ederal Savings 3 Loan Aasociatan a b~:.= 1~`~-O
~ of Fort Pieroe Florida ~ ~ ~ ~ ' ~ ' y
~ Q,~~~ 9 ocT zs a~ i./~
Checked By ~ ~ .J~ E 6 „ J
~ s~a:E'.~:~ a~,~,
''j%~~,n.,~tii~; . .
~U1T COURT~
C~ERK CI
c~~ aoo~t~.~ ( ~ _ - ~ ~
- , -
~~`r_.~ . = . ~ ~ ~ ; ~
~ `
~y ~ ~