HomeMy WebLinkAbout0614 v ~ ~ ~
3. ~e pl~ and conrMwousM kNp on tM bwMir~~ now a hK~a1N~ WwN oe a~~d tand wid on ~1~ pu~p•~m ~nd pNwn~~ty cova~d blr ~his nq~t~
pw wiM ~tI pr~miwM dw~eon p+~d in lull. f~ Muw~ in ~M u~wl s~a.d~.d pol~cy fw~n, in • wm ~ov~d by tM MOR~GAGEE. u+d w~~~an~
Maww~c~ in ~Ae ww) ~~~r+danl poi~cY ~p~ M• swa app~owd by ti+t MORTGAGEE. In wch w~npN+Y o~ canp+n+e~ a IM MORiGAGEE ~+y
dinct~ ~nd dl tin ~nd winrkw~+w ii~w~na pdkiN on +M Of aid IwiW«q~. ~~ll 1nNr~s~ ~M.~in w paH ~ht~wl, in tM apqrep~r~ wm ~fa~Nid a
1n ~xc~u ~M.wf. ahall conain tM wwl uandwd iworqpN claw~ a wcl~ Wlw ci~ws a ~F» Ma~ppe~ ~nay rpua~. mdinp rM loa w~de~ ~a~d poli~
cies. ~ach and ~w.tr. MrabN ~o sad MORiGAGfE as iM im~.~s~ ~n+y ~pp~n. ~rd ~ac6 and ~vKy uxh poiKY ~hall b~ p?anp~ly u~ q~+ed ..~d d~tivered a
~nr MW by s~id MORTGAC,Ef ~s (w~hM s~cwity to wid mw~9p~ deW. ~nd. m~ bs~ ~ha~ ~~n l10) d~y~ 1n ~dvanc~ ol ~M ~apira~wn ol ~ach po~icy. ~o da
I~v.~ ro~.d MORTGI?GEE • nnewal tM~wf, top~Nw~ wi~h • ncHp1 tw tFw pr~miwn of such r~newal; ~nd ~M.~ ?MII b~ no Ga or wind~~am i~w~~nc~
plaord on any ot s~id bvild~nps, ~ny in~~.~a~ M~.Nn w pa~t thereot, w+bss in tM Ionn ~nd wi~h tM bu P+y~ble ~s •1we~a~dr •~+d in rF~ ~v~nt a+y win
of morNy bccon+N p+raW w+d.. wc1+ policy o~ policios a.d MORTGI?GEE shall I+av~ ~h. optan ro race~re and ~pply ~he s+nw on ~ccounl ol tl+e u~d~bted~
n~a aecw~d i+K~by a a pe.mit w~d MORiC,AGORS ro nceiw and ~ it a aey pMt thfttOf f0r Oihp~ pY~pOSr1. wilhput- Iharro/ wa~vn~ O~ m~p~u-
i~y ~nY pwty. li~n w rght unds+ a by virhu of thi~ mortpp~j ~nd in tM tw~+t stid N~RTGAGORS sh+ll for Mr ~eawn f~it to ke~+ ~M sa~d p~ani~es so
inswed, a f~i) b d~iivK aamaly .nr of ~eid potiti~s ot i~uwa~ce 1o said MORTG/1GEE, a fail prompNy to pay fully a.~y pran~um the.~fa o. a~y
r~tp~tt fail to pN(wn~, discharye, ~xecut~. ~(f~ct, compl~q. canplY wi~h and ~bKM by this cownanl, a ~e+y p+rf hereof, said MORtGAGEE may plac* and
paY fa such imwar~u or any pa.t tM.sef wirhout walvinp o? ~ff~Gg .ny op+~on, li.n, equ~ry. w rqh~ v~de. a b~ vi~tw of ~his Mon~pe. ~nd tM
full ~n+ow+l of ~ach and e~r~ry wd~ payment sh~1! b~ iim+ediat~ly dw and pyabl~ ~nd shall bev intaest from 1M d~t~ thcreo! umil paid al tM r~t~ 01
nine pK cMwm pa anrwm and tope~her with ~uch inte~est shal{ be iecured by tM lien of Ihis mat9a~e.
1. To pKmit, commit « auf(u no wua, Mnpai~ment or detaia~~io~ of ~aid property w~ny p~t tMrw~•
S. To p~y all ~nd sinyuiw tM costs, clwpes and ~xpM+KS, ir+d~rJinp • nasa»bl~ atrorney a fk and costs of ab~trac~s oi tit!s, incurred w p+id at
sny time by Nid MOR1CaAGEE. becw~e w in the ewnt of th~ failur~ on tM p~rt of IM s+id MORiGAGOR b duly. pr«+~ptly ~nd fu11y perf«m, d~aM~ya
•xecun. ~ffea, comple~e, comply w~th ~nd ab:de by exh ~nd every ths stipulatior?s, ayreements, caxlitions, and coven+nts of sa~d prom~uwy note and ~hii
mort~a~ any w ~i?her, and iaid cosfa, charoes and e:pe~ses, e~ch ~nd ~ve~y, sMtl be immediately du~ ~nd paYable: whethe~ w rat ~her~ be not~ce dc
mand, ~trempt ro colktt or wit pe~d~ng; ud fM ivll anauM of eath ~~d tvery suth paym~nr sMtl bear inrerest from ~he dat~ the~eof until p~id af the
?ate of ~irw per cc~fvm p~ amwm; and atl s~id cosn, ciwryq and ezp~nses inturr~d w paid, toy~~hK wdh such in~er~st, sMll bs s~cured by tAt lien of thu '
t
mort~~.
6. 1lw1 (a) in the ovtet of any beach of this Mwtyap~ w default on the p+?t of ~he MORTGAGOR, or (b) in the event a~y ot ss~d svms of money ~
Fxrei~ refar~ed to be not pranptly and fully paid within thirty (30) days neat afror fhe iama sewraliy become due and payable. withovf derrwnd w notice. - ~
or in the event each ~nd every the stipulatioro„ agreemN+ts, oondi~ions and cown~nn of sa~d promiuory rote and th~s mw~ga9e any a e~ther are ~?w
iuly, p?omptly ~nd fully perfwm~d, d~sd+aryed, execut~d, ~ffected, compbt~d, compt~ed with ~nd abided by. thse in e~ther w any ~uch ~vent tM s+id a~
pregsb suin mentancd in s~id promiswry note then ~ae+ai~inp unpaid. with interest accrued. and all moneys secured hercby, shsll become dw ~nd pay- ;
able forthwith, a thereafter,~ ~f t!a op~an of said MQRTGAGEE, as fully and compietely as if all 01 ~he said sums of mo~ey were origin~lly ~tipulated
to be paid on such day, anythirg in said promissory nWe or i~ this Mortyaye to tM contrary notwithstanding; and thereupon w therea(ter at the op~ion of j
said MORTGAGEE, without notice w de~nand, wit at law or in puity, 1FKre(ore ar thereaher beyu~, may be prosecu~ed as if alf aaneys setvred hereby
had matured pnot to in institWion.
7. That in fl+e event that at the beginning of a ~t ~ny timt pendiny u?y wit upon fhis Mwtgage, a to fwedoie it, or to refwm it, w to enforce
payment of any claims he~eunde~. said MORIGAGEE sMtl spply to tl+e Court h~ving jurisdK~ion thereoF tor the sppo~ntmen~ of a Receiver, such CovA shall
forthwith ~ppoint a receivr~ of said mwt~aged propcrty all and.sinpulu. i~clud~ng ap and singula? the income, proFits, iss~es and revenues from whatever
wurce derived, eath and every of whith, it bein9 expreuly undersfood, is he?eby rtwrtgaged as if spetif~taUy se1 fotth a~d dewibed in the Qrantin~ ai+d
habendum clauses hereof, and such Receiver shall Mve all the bwd a~d effective funct~ons u~d powers i~ anywise entrusted by ~ Covrt to ~ Receiver, and ~
a~ch appointment shall be made by such Cowt as an admitted equity and a matter of ~bsotu?e rpht to said MORTGAGEE, and without reference to ths
adequacy'or i~adequacy o( the value of the p~operry mwtga9ed w to the sowency o? insolve~cy of aaid MORiGAGOR w the defendanq, end fhat such ,
rems, profin, income, issues and revenues shall be appl;ed by such Receiver ~ccwd~~+y to the lien a puity oi said MORTGAGEE ar.d the practice of such ~
CouA.
8, To duly, promptly and fully pertorm, diuharge,_ execute, efiect, complete, comply with and ~bide by each and every fhe stipulations, agreemenb, i
conditia+s and covenants ~n sa~d promiuory note and this mortysge set fath.
9. TMt in the event ehe ownenhip of the mwtgsged premises, a any p~?t thereof, becomes vested in • person other thsn 1he MORTGAGOR, th~
MORTGAGEE, its successors ard +ssi9ns, may, without ~w+ice to the MORTGAOR, deal wi~h such wcceasor or wcceua in interest with ~efcrence to this
mo~tga~e and the debt hereby secured in the same marr+e~ ~s w~~h Mwtgaga without in any way viteaiiny or discharg'u?g fl+e Mo?tgagors' liabilify hcr!-
under a upon the debt hereby secured. No iale of fhe p.emises hereby mortgaged ~nd no forbearance on the par~ of the MORTGAGEE w its successors
or auigns and rw extens~on of the time for tF?e payment of Ihe debt F~ereby secured given by 11x AhORTGAGEf or its successors w auigns, sMi{ operate
io release, dischar9e, modify change w affect the orig~nal liab~liry of tF~e MORiGAGOR herei~, either in who4s or in part.
1p. It is specifica?ly ag.eed that time is of the esxnce of this tontract a~d that no waivcr of any obligarion hereunder or of the oblipatia? se-
cvred hereby shali at any time thereaiter be held to be ~ waiver of the terms hereof or of the instrumem secured herby.
11. In acid~tio~ to ~he fwego:ng monthly payments of princ pal and interest requered by the prom~ssory nore secured hereby, mortgagor'covenants
and agrees to pay to mort9agee with each month{y peynxnt an add~rional sum esti~reared by morrgagee to be equal to 1~ 12 of the ann~al cost of the follow-
ing:
~ A-All real property ta:cs kvied w assessed against the ~bove desu~be.d -real~ estate. '
I B-Prem~ums on fire and wirw-lstorm i~surar.ce as fxrein requ~ftd to be carried on the improvements situate on the above described premises.
~ C-Prcmiums on such mortgage gua'ranty inwrar~ce as mortgagee shall frorr, time to rime deem fit to carry on the ban secured hereby.
s Mwtgagee shall irom rime to time notify matgagor in writirg of the amounf dut and psysble hereunder and such sum shall thereupon be d~?e and
~ ~ayabk on the due date of .the next nwnthly payment and each successive month thereafirr urtil mwfgagee shaU noNfy mortgagw of a change in wch
amou~t. Such sums shall be appleed by mortgagee low~rd the paymeM of real property taaes, inwnnce prem.vms, a~x! mortgage guaraMy i~surante
~ premiums.
IN WITNESS W RfOF, the ssid MORTGAGOR has _herevmo set his F?and and xal the day and yeu firsr afareu" .
liv ' tb presence of:
~
• - ~ .n
_ _ ~
.
~
STATE OF FLORIDA _ :
COUNTY Of ST • U~CIE ~ ~ i
before me p~rwn~lly app~sied • • ~^d 4
l.QO C. Weaver and Mi dred L. Weaves, his wife x~pp~, ~o ,,,Q w~ii k„~„, ,,,d k,,,w„ b~,,,e b.
rhe indiriduab described in u~d who ~xecuted tM for instrument, and acknowledped btfw~ erw that they executed the same fos the pwposes
~r~,~, ~,~..,~a. ,y,d ~ w;dJo Ann Al1Qn,~fe of the said Wayne B. Allen and
~pon . .ep.r.t. .od P.iv.a
e:aminaYan by me takM xpa?ate +nd apirt from ~ id husbar~sdcnowtadQed b a~d befpe me 1hat~F~llexecuted said irutrwr»q~..(ew1~1 and volw+-
~a~~ly and withoW ~+~y cwnpulsia?, corutraint, ~ppreliension~Rr fear of or froaLFw~aid husb~r~ '`;r~...~.r-•.--
WRNE55 my hsnd and official ~eal tf~iis s dsy of ~-.~l1~-
_ .
t.= '
Noury Public in •nd for f~,~ . - alrl~i.r ~
My wion ~zpires: ~ E11~ =
Return Toi , -f ; ~ j~ p F,>. ~ =
Firat fedcral Sarinyt 8 loan Assotiation FIL~D AND R~ ~ ( ~
OF Fort P.erte. ^ a :
ST. LUCIE COU ` ;
Fort Pierce. florida ~
~ Rf COR~ VER't~ ~ ~!•~rr'
.i .
. ~~a~1r
This Instrument Prepared By J. D. Chsstain ~70 s ~ 9:~s ~
First Federal Savings d~ loan Assotiation ~ y p
~ of fort Pierce~ Florida pr 1`
ROG~R 'OITRAS
Checked By CLERK CIRCUIT COURTl
. ~aoK 186 PA~E fi13
. ~