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HomeMy WebLinkAbout0133 S. To plao~ and con~&wously kNp on M» buiidf~ raw a IwNfNr WwN on Nid bnd ~nd on ~It ~puipm~M ~nd qrwn~lly oovwid by N~N narq~ p~ wi~h dl pr~n?iwn~ ther~on pa+d in fu11. lie~ insw~na in ~ wwl N«~d Polk11 Fan~, in ~ wT ~pprowd by tlw MORiGAGEE. u?d vrir~tan~ N»w~na in tM uswl a~rd policy fora~, (e . swiA approwd bl? tM MORiGAGEE. tn wcb comp~nr w oanP+~~a a thr MORTGJ?GEE nNr dinctl Md ~q fin ~nd w:~rona i~rwana Po~icia an ~ny of ~ buildin~„ ~nf? InN~~u tlwr~h w p~.t thsrwt, in N+~ app?s~h ~wn ~ioraaW or In ~zaa tA~of. ~MII oon~~in ~M wwl s~«+dKd mo~~ppM claw~ a wd~ o~ dww ~s tM MorqapN m~y req~?K~. ~Yiep the toN wd~r wd po1E . cia. ~ach a~d wsfY. arabl~ a s~M 1NORTGAGEE a in ~nt~t er1? ~pp~x. and Nd~ ~nd ~+~Y wd~ policy ~11 bt pranptly us.pn~d ~nd dtliwnd ~o any h~W by sald MORTGAGEE ~s (vrther s~cwity to aid morpap~ d~W. and, not i~a ~h~? t~n ll~ days in adv~ac~ of~the ~xpMation ol ~ach policy. ro dr pv,u ro wid AAORTGAGEE a r~wal tharwf, topNhK with a nc~ipt fa tlM phmiw~ of.wch r~wa1J ~rd rF»r~ sha~! b~ no fk~ a windsran? {nwranc~ plaad an any of Nkt b~ildirpi, ae~r lnlenaf thN~in or put tMr~o1, unlas In the fonn ~rd with tM loss payabla a afa~Wt w~d in tM ~v~ a~ swn of n~onr~ b~eon~ p~yaW~ und~r wch policy or polici~s sald MORTGAGEE ~hall Mw th~ opt~on a noeiw and ~ppfy ~M wrn~ on accow~t of tlw ind~b~ed~ nets s~tw~d Mr~by a b p~nnlt wW JYWRiG/IGORS to aqiw and uN M a arty par! 1htr~of fw oeher• pwpose~. vrithous tha~eb~ waivi~p w anpau- fnp anr puity, lise or rgh~ und~r a by vktw of fhis matyaq~1 ~nd in th~ ~wnt wW MORTG/?GORS sAall iw any r~awn f~il to k~p d» wid proni~e~ w trqund. ot fail b dtliw~ promptly ~m of said polities O} ie?turanu b s~id NWRTGAGEE, w f•it pranptly ro pay fvily any premiwn ther~fa or N any r~ap~ct fail b p~rtonn, discharpe. ~x~cw~. ~fhct. canpl~t~, comply wltA ~s~d ~bid~ by d~Is aow~nt, a~ny ps.~ i+Naof, sald_ MORTGAGEE may plaos ~~+d paY fa wd~ irou~anp a any pKt tMrwf without wahrinp a aff~ctM~p arqr aption, li~n, pvity. w r+ph~ undK o? by viNw o~ thn Mortyap~. and ths full amount of ach and ~wery wcA paym~nt shall be inrnediately dw and pyabl~ and shall bw intereit hom tM d~t~ the~eof w,til paid ~t tM r+t~ ol nioe pK antum pK anrwm and topethe~ with such intaest t}~all b~ sscvnd bp tM li~n oi this matp+pt. 4. To p~rmit, ooenmit or wffK no wat~, impiirment w d~t~riontion of ssid propKty w~ny put thereof. S. To pay all ~nd s:np~lar tM cosn, dWr9es ~nd expaw~ inclvdinp s nasa~+bl! ~ttorn~y's fk snd wsts oi ~bat~acts of ritle. incvrred o~ ps;d at ~ny tims by iaid AtiORiGAGEE, bec+use or in ths ewnt of tla !silwe oo ~hs pirt of th~ ssid MORTGAGOR ro duly, p?ompNy ~nd fvlly perform, dixhuyR sx~tvt~. eff~ct, oomplet~, tomply with and abide by each ~nd every the itiputations, preements, ca+ditions, aed eovenar~ts of said promiuory note a~d this mat~aQ~ u~y or eitfia. aid said costs. chuyes u+d ~aperaei, each a~d wery. shall b~ +mn+sdiately d~s and payable; whether a not ~here be notice ds~ man~, af?empt to coUed or wit pend~ngs ~nd the fvll ~nount of e~th ~nd avery wch payment shall bear interes~ from the date thereof until ~p~id at the rate of nine per untum pK ~rnwm; a~d +11 said costy, thar~s and expa?ses inwrr~d or p~id, topether with suth intarast, sha11 be sscured by tl~e iiee of this morq+y~. _ 6. That (a) in the evenf of any breach of this Nbrtya9s or default on the pah of the MIORTGAGpR, or (b) in the event ~ny of said svms of mo~ey herein roferred to be not p~omptly ~nd fully paid within thirty (30) days next after the same severaly becoms due ~nd payabte, without demand or notics. or (d in fhe event each and every Ihe stipulatioos, ag~eartw~ta, caxl;tio~s srd coveninh of sa~d promisso~y rate a~d this mortpage any o? eitAer are no1 iuly, promptly and f~11Y performed, d'ad~aryed, exearqd, sifected, tompl~ted, complied wi~h and ~bided by, the~ i~ either a sny such evem the aid ag pregatt wm mentaned in s~id promiuwy note then remsininp unpaid. with i~rerest acuved, and a!1 rtar~eys secured hereby, shall become due and pap abJe forthw;t}~ u tt?eresfte~, at the option of said MORiGAGEE, as fvily and tompktely as if all of the wid sums of money we~e brigin~lly stipulated to be p+id a+ sixh dsy, anythiny in sa~d promiuory note w in this Mapaye to the contr~ry notwi~hstsnding; arrd thereupon or thereafter at the option of said MORTGAGEE. wirhout ~o~ke w dee~and. svit at !aw a in eqv;ty, thereFae or thereafter begun. may be prose~cuted as if all rrwneys secured hereby - had mafufed prior to in i~stit~tion. 7. That io the event that at.the beginniog of w at My time pendr?p u~y wit upon th:s Mwtyspe, w to fwectose N, or to reform it, w to enforq payment of sny daims hereunde~, said MORTGAGEF shall apply ?a t1~e Court I+sving jwisdiciron thereof for tha ~ppo;ntment of a Receive~, such Court shall Forthwith ~ppoint s receiva ot said mortgaged property all and sinpu~ar, indud~ny all and sing~la? th~ income, pro(its, iswes ar+d revenues from whatev~r wwee darived, each ~~d every of which, it being expressly vnde~stood, is hareby morrgaged as if spcc~fically xt fath and described 'en the yraming and habandwn clauses hereof, and such Receiver shall have all the brosd ~nd effective functions a~d powen i~ anyw~u ent~usted by • Court to a Receiver, and such appointment shall be mxk by wch Cov~t as an admitted eqvity and a rtrlter of absolute right ro taic! MORTGAGEE, and without reference ro ths adeqvscy or in~dequacy of the vat~e of the propeaty mo?lqaped or eo the wNency or insolvency oi ssid MORTGAGOR w the defendann, ua! t!?~t such rents, profin, income, iuves~and revenues shsll be applied by wch Receiver according to the liee or equity of said MORTGAGEE and the practice of such Court. 8. To duly, promptly and fully pe~form, discharge, execute, effect, cwnplete, comply with and abide by each and every fhe stipulaYwns, ~greemenq, conditarn snd covenants in said promissory note and tbis mortgage set fwth. . 9. T!»t in • the event the ownenhip of the mortgsged premises, w anr paA thareof, becanes vested in a penon other th~n the MORTGAGOR, tM MORTGAGEE. its successors and assigns, may, wifhout nori~e fo the MQRtGAOR, deal witb such sutceuq oi wcceuor in interest with reference to fhu mortga~e and the debl hereby secured in the same msnner as with Mortysgw without io any way vitiating or discharging the Mo~tgagws' Ilability hera under or ~pon the debt hereby secured. No sate of the premises hereby murtga~ed and ~o forbearance on the pan of rhe MORTGAGEE or Fts successon w assgRS and no exrension of the time fa the psyment of the debt hereby secured yiven by the MORTGAGEf or iri successors or ~ssigin, sFwll operat~ to rekase, dixha~ge, modify change or :ffect the original lisbility of the MORTGAGOR 1+erein, either in whok or in part. 10: It is spetific~lly agreed that time is of the essence of tF~is caaract and that r?o waiver of any obligation hereunder w of tM oWipata~ sa curcd he?eby shatl at any tirr~e rhereafter be held to be a waivar of the terms hereof w of the instru~nent secured herby. I1. In add;iron to t?~e forego;ng_ montF~lY paymenn of p?inc:p~l arid interest required by the prqn'~uory nole secwed hereby. mortgagor covenants ' and agrees to pay to mortgagee with each monthly paymcnl an addiiwnal swn estimated by mwtgagee to be equal to 1/12 of the annual cost of the fol(ow- ing: A-AI~ rcal pnoperty taxes kvied or assessed against the atwve desuibed real estate. B-Premiums on fire and windstorm insurante as herein requ;red to be Garried on tlx improveme.~ts situate o~ tF~e above deicribed premises. C-Premiums on :uch mortgage gusranty insurance as mortgagee shall from time to time detm fit to carry on the ban aecured hereby. Matgagee shall from time to time notify mortgagor in writing of the amou~t dve and psya~k hereunder and such wrn shall therevpon be due snd payabk on the due date of the ne:t monthly payment and each suctessive month thereafter until mottgsgee shall notify morfgagw of a charge in wth amount. Such sums sF.all be applied by mortgagce toward the payment of real property taxes, irnurance prem:ums, and morigage guaranty inwnnce premivms. . IN .WITNESS WHER~Of, the said MORTGAGOR has herevnto s~t his hand and s~al the day snd year firsf aforesaid. ' ^.a, s.,~~d ^d ^ p ~s~ of: FIL.EO AND RECOROED ` ST. ~UCIE COUNTY. F .p CQRt? V~ RIFIF - ~ ~ ~ 1 E 19~4~1 '70 JU~ 27 PM 2' 8 ° STATE OF FIORIDA _ COUNTY Of St.. I,IIC ~@ ~ 1~~.~,~'' '0 t~A$ oefore me personatly appeued Mattie G. Aoxe - the individwb described in and who exetuted ths far I+~s wiie, to me well knawn and knawn to m~ to be e9oinQ inthun~nt, and adcrawledyed beto~e me that they execuled tbe same fw tM iH+?Poses ~~,e.~ exa~a. a+a rn. I~ittie G. xn~e wifs of ths taid f: ~ RAV~ eaaminata~ by me tske~ separate and apart from her said lwsbarxl, aclcrqwl ~P~ •~ate +~d pinat~ edged to aod before rrw thst ahe executed said imtrument freely and votw?- tarily and witF~ovt a~y computsion, wrutraint,. appret~ension, or, fear o~ or from her said Fwsband. WITNESS my ha~d and officia! seal thi: ~-5 ~'[L-__ day ef Ju A. D. 19~ Nohry Publ'+c i~ and for the St of florid~ at lary~ Reture Ta ~ . Fint federa! Savirgi ~ Loart Association ,.4 s~::;~,3y~~ S~{! O~ Of Fort Pierca ;~++~,~a..Y;j~~ , 25. ~n ~ %}:pGG•;5.~~ EX~ta Cw Fort Pierce, flwida -`•f~~ rr. a e+..+r _ ' ~ ~ , ~ • ~ ~ • _ . , :;':,E: _ : , i ~ f'` _ _ s ~ _ 1--. ~ , , :a , : _ _ Pa Y Rfcha~ K. KayeB :;.6'~..``~,J ~ r.:~,~~ This Instrument Pre red B ' First Federal Savings ~ loan Association ~ ~Q • - 4`; , of Fort Pierce , Florida ~%'to°~`~?'"~`';~~'~~`;~`~. ~ ' ~ ~,`~s~~ Checked By ~ ' ~ . pa ~ooK 18fi PA~ ~32 ~ ~ ~ ~ ~S ~ ~ ~ _ _ _ * _ _ _ _ _ _ ` ~.~.s - i .s • G~ -iS3 ,:n:~: -