HomeMy WebLinkAbout2437 ~ i
9. To plau +nd continua?sly ke~p oo tM buildinas now a Mr~aflN Wtust~ on sa~t7 land +nd on ~II puipmeM u+d penonslly covered by this morp~
with all p~emivms tFw~~on paid in full, fin G?w~u~a in tM ~iwl suoda~d policy form, in ~ wm approvsd by ti» MORiGAGEE, +nd wind~twm
teawance tn tM uswl i~andard policy fae~, in a sum ~pproved by tM MORTGAGEE, in wch comp+nY w canP+~ies u the MORTGAGEE m+y
dincy axi all fir~ aod wind~rorm i~uu~a polici~s on +ny of s+id bwldcnps, u?y inte~~st ther~in w p~rt tMreof, h tM a~prepat~ sum ~forKaid ot
in ~:cas thereoi, thall conhin tF~t uwsl sfanda?d ma~ya~e~ cia~ or such olha ci~ut~ ss Ih~ AAat~apN may rcq~w~. makirp shs los~ unda said pol}
cies. eath and ~very. paYabl~ a s+io MORiGi?GEE a i» interest may appear. and e+ch w~d evay tuch policy sh~ll b~ p~ompNy ass:yn~d and deliver~d to
~ny Mld by s~id MORTGAGEE ~s fv~tFwr seturify ro~W mat~s~~ debt, and, not less tMn ten (10) days in adva ~ of tM ~xpiration of euh polity, lo dF
livM ro said MOR~GAGEE • renewal tMreof, topttl?N wifh • receipl to? tM premium of wch r~newai; ~~~J~ sMll b~ no fire or wi~dslorm inwwnce
pl~c~d on ~+y of ~id bvild'+nps. ~ny interat tMr~+n w put tFwrwf, ~nleu in tM form ~nd wi~h th~ loss payabl~ a~fw~saW: and in ths ~veet ~ny swn
of rnoMy Wcams p+yabt~ und~~ such polky a policies said MORiGAGEE shstl haw tM optia~ to receive and apply the sam~ o~ accovnl of tFN {~Died~
ness iecur~d herebp a b permit said INORTGAGORS ro?eoeiw and us~ it a sny part thereof fw other purposes. witMut tF?xeb/ waivi~y or impair-
i~p ~ny eqviry. lien w ripy1tx~dar or by virtw of this mortypr, and i~ th~ ~wnt s~id MORTCsAGORS shall for any reawn fail fo keep the aid premisea so
inwred, w fal) lo dtlivtr pranptly any of saW policies of insuranc~ to s+id MORTGAGEE, o? fail promptly to pay fully ~ny pramium therefor o~ in any
re~pect faii ~o pKform, dixharfle, execut~, ~ffect, compttt~, comply with ud ~Wd~ by this mver+ant, w ae~y part la~eof, qid MORTGAGEE m~y plap a~d
pay fa tuch irowa+ce or any paA tFwwf without w~lvinq or aff~ctiny any option, lien, equity, or ~ipht under w by vi.tw of this Mortyape, and tM
full srnount of each and ewry s~xk payment th+ll be immediately dw a~ p+yabl~ and iF+~U beu interest from tM date N+ereof imtil p~id at tM ~at~ ot
nins pK centum per annum and to~ether with iucle ioterest sha~l be secured by tht li~n of fhis mortpaye. +
1. To p~rmit, comrnit or wffer no wut~, 4np+irment or deteriwation of said propaty w~ny put thereof.
S. To pay all uid sinpular ths coats. ch+ryes snd ~xpemes, includirg a reasonable attorney's fe~ and wsb of abatracts of title. incurr~d w p~id at
any tims by said MORTGAGEE, bscauae w in th~ ewnt of tla faelw~ on the pirt of the said MORTGAGOR to duly, promptly and fvlly pe.fwm, d~schuyR
execW~. ~ffed, complet~, comply with and ab+de by ~~ch and every tFa itipulations, ~greeme~b, caxlitioro, ~nd covenants of said promissory ~ofe ~nd thit
mortya~~ ~ny or euher. snd sa;d coay, d~aryes ~nd expenses, each and every, sMll '~e imrnediately due snd payable; whether or not ther~ b~ notice de
mand, anempt to colkct a suit p~ndiny; and tM full amovnt of each and wery auch payment shall bear iMeresf f~om the date thereof ~Mil paid at tM
rate of nine per crntum pa amwm; ~nd ~II s~id awts, thugea ~~d expenies inw~red or psid, together with wch intNest, sh~ll be s~wrd by tM litn of thif
mortp~p~.
b. Th~t (a) in tM event of ~ny breach of this Mortpay~ or default on the part of the MORTGAGOR, or (b) in the event sny of ssid wma of mor~y
herein refMred fo bs not promptly ~nd fvlly paid within thirty (30) days next after the same sever+tly become due +r?d p~yabk. without demand w notice.
or in the event each ard every tha stipulatiorn, sgr~ermnts, c~onditions ~nd cov~n+nn of sa~d promissory note and th~s matyspe anr w sitha ~n rwl
i~ly, promptly u~d tully perfamed. d~scharged, executed, ~ffected, compkted, canplied with ~~d abided by, then in either w ~~y such weM tM said ~g
greg~te wm mentaned ln said promisswy note ihen remaininp unpaid, wiih interest acuued, and ell moneys setvred hereby, sh+U becvnk dw ~nd pay~
able fwthwith, w tlMfNftK~ at the opt~on of said MORTGAGEE, as fully ~rd completely as if all of the said s~ms of money were orpin~lly atipvla~ed
to be pa~d on wd+ day, anything in ss7d promissory note or in this Mortysye to tM contrary notwitMtandingj and ~hera?pa+ ar tl~ereafta at the option of
uid MORTGAGEE, without ratice w dem+nd, wit at law a in puiry, ther~Fon w thereafter begun, may be prosecuted u if all mo~tys sewnd Mreby
F1ad mitVred pIMI 1o its iMtitutiOn.
7. That in the evenf thst af fhe beguu~inp of or ~t sny time psndirg any wit upon thn Mwtgage, or ro faeclos~ N, or to roform h, w to ~nfwc~
payme~t of any claims hereunder, ssid MORTGAGEE sMll spply to the Coun hsving jurisdittion thereof fo? the ~ppointment of ~ Receiw~, wth Cow1 shall
fwthwith appam a receiver of said mwtyaged property all ~nd sirg~l~r, includ~ng all and singulu the ir?c«ne, profits, issues ~od reve+?ves frwn wMtewr
source derived, each and every of wFiich, it beirg expressly undentood, is hereby mwtgaged ~s if ipecificalty set forth and desuibed in the yr~ntinq and 4,
habendum clauses hereof, ~nd such Reoeiver shail have aU the brosd and effettive functiwn and powen in anywise entrwted by ~ Court ro• Rsoeiver, and .
such appointment shall be made by wch CouN as ~r? ~dmined eqvity snd a matter of sbsolute riyht to s~id MORTGA(3EE, and without reference to tM
adequacy or insdequacy of the wlw of the property mortysyed w to tl~e sohrerKy w inso~vency of uid IWORTGAGOR w the defendants, and that such
rents, profin, income, iswes and revenues shall be ~pplied by svch Receiver saordinp to the 1'ien w equity of said MORTGAGEE and the pnctia of wch
Court.
8. To duly, p?omptly and fuUy paform, d'achsrye, execvte, effect, eompkte oornply with and abide by each and evtry ths st~puktions, agreements,
conditio~s a~d wrenants irt said promissory note a+d this mortyage set forth.
9. That in the event th~ ownership of the mortyayed premises, w any part tFrc?eof, bccanes vested in ~ perwn other th~n th~ MORTGAGOR, th~
MORTGAGEE, iri succcuon and auigra, m+y, without notice to the MORTGAOR, deal with such wccessor or wccessor in interest with reference to this
mortgage and the debt hereb/ secured in the s~ms mannsr as with Mwl~sgor without in ~~y wsy vitiating w discharg'ug ths Mortysgors' Ii~Wlity hK~-
under a ~pon the debt hereby secured. No s~le of the preri~ises hereby morigsged and no fwbearance on the psrt of the MORTGAGEE w ib successas
or auigns and no extertsion of the time fw the payment of the debt hereby secured qiven by the MORTGAGEf or iri wccessors or usiy% shall optrat~
ro release, d;schuge, mod~fy change or affacf the orig'u?+I liabiliry of the MORiGAGOR heran, either tn wFwle or in put.
10. It is specifically ag.eed that Y~me is of the esse~ce of this co~trad ~nd that no waive? of any obligation hereur~der o~ of th~ oblipation se-
arred hereby shall at any time thereafter l» held to be ~ waiva of the terms hercof or of the instr~me~t secwed herby.
' 11. In add~tion to the (orego:ng monthly payments of princ'pal and interest requircd by the promiuory note secured hereby, mortgsgor covsnanri
and agrees to pay to mortgagee with each monthly payment an add~rional sum estimated by mortgagee to be equal to 1/12 of the annual cost of the fol{ow-
ing:
A-All real property taxes kvied o? assessed agairu! the sbove desvibed real estate.
B-P?emiums on fire and windstwm i~urance as herein requ:red to be urried on the improvements sitvate on the above desvibed premises.
~ C-Premiums on such mortgage gvaranty insurar~ce as mwtgagce shall from time to time deem fit to carry on the ban secured hereby.
~ JNortgagee sha31 from time to time notify mortg~gor in writ~ng of the amount due and payable herevnder and such sum shall thereupon be due ~nd
f payable on the due date of the next mo~thly payment and each succeuive mo~th thereaher until mwtgagee shall notify mortgagw of a change in wch
~ amou~t. Such sums shall be applied by mortgagee toward the payment of real property taxes, imursrxe prem.wns, and mort9sye gwranty inwnnce
premiums.
IN WITNESS WHEREOF, the said MORTGAGOR has htreuMO set his hand and seal the day and year first afotesaid.
d, Sealed an eli ~ in ~he ence of: / ~ I i
~
~ 1 ld~ . 1lZ a. ~I~"~
n
~ ~
K--n
, -
SiATE OF fIORIDA ~
S5.
COUNTY OF ~I~S
sefore me psrsonally appesrad Will 1 n N. Dtlrh~ and
Myrtle Ann Durha?a h;, w;fe, r, r,,.u k,~? ,~a k„o~+ w~ so b.
the individwb described in and. who ~xea?ted tha fonyoin~ instrumsnt, and acknowkdyed btfore erK tFNt they execvted the same for ths pwposas
rt+erein expressed. And the My?rtl@ AAI1 DwChaia
wife of the said W a3 N. DIlZh811~ ~pon a separat~ and pivN~
exsmi~atio~ by me taker? separate and aparf from her s+id husbsnd, aduwwledged b ae~d befwe me thsf she executed uid irotrument freefy and wlun~
tarily a~d withoirt any compuban, oonstraint, ~ppreh~e?~qp~ or feu of w from her said husb~nd.
~ WITNESS my h~nd and offkial seal thh dsy of A. 0. 19~_
~ ' • .
~ . Notsry Pvblic in and fw ths Stat~ fbr at Luy~
My Comrniasiot~ ~xpira:
Retvm Ta.
Rrst Pedewl Ssvings 3 loan Aswciation NOT,?RY PUBIK. STATE Of
~of Fon PK.ce. MY COI~AMISSION IXPIRES AUG. 9:197p' i
9oH~so n~ROUCH FREO w. DIESTELl~Olet~-,~
fwi Pierte. Flwida 't~yiLlNi~flt;r~~-~
~ ~~v;~i~r~ r.;~~;
. ~ . : .
FlLEO AND RECORDED ~
ST. LUeIE COUNTY. FLA. ~ <;
Pa Y .T• D• Chastain n--r ~ i w~ ~~jl;;.•; y'
This Instrument Pre red B ~ r n~ J~ R! C
First Federal Savings 3 loan Association 185139 i4~~~:'` r
:
- of Fort Pierce ~ Rlorida ~ , - ~ = '
1 ~ .;~v ~
?r
S~ '69 NOV 4 PM 2 : I 6 ; _s. `
ehedced sy F,. ,~pfo~c.~c~l~i G. ••j.... S't,~.
r~i~i ~ 1~.=~_d -
..~~~'~R -~0~ • r~~~ea»?a~.~ .
~ • TR?:S a `
BOOKIS~ PACE2434 CI~RK CIRCUIT~URT
} ~
,-~u~e,~ ~v__~.~. _ ~ _ _ ~ _a