HomeMy WebLinkAbout0868 7 To pf~ie a~~d cw~unucwaly \tep on rhe Iw~ d~rp~ rww or haedf~r 4tv~q o~1 fa~d l~nd ~nd on •i~ oq~~p••,enl a~.d ~rer~onally ccver~ by thi~ mpt0.
w~rh ~N y~~n~~~;n~ ~he~eon ~.~.d m I~U, hre ~~~w~a~~c• ~n tM u~wl srandard ~'~ey loem. in • t~~,n •~.wa.rd b~ ~tie MVR~:,.+i;Et. •~,J w~~xlf~am
~nsuta~t• in tM wwl ~~~~NIJ~d ~N~ (Y lam. ~n • wm ~µ~wu~~d by ~M NIORiGAGtE, in ~vch tdr.pa.~y or co~~~pa~~:e~ ~f Q~e A~~Ja1l,AGEE T~Y
d~r~ct; and dl hr~ •~,d w.~~cls~o~m m~ura~c~ poiK~e~ on ~ny o/ sa~d bu~~d:np~. sny i~t~~~s1 ~M~e~n ar p~.~ th~~rol, ,•i the ay9,. p.~~ wm •la~?~id a
in •acess thersoi. sM~l ce.~~rm ~ne ~+uai s~a~xiuJ nwr~yqee ci•uw a wch o~he. daus~ e~ ~M Ma~y.yes m~y ieyu.~~. m•?u~q u~e ~oa wxk~ •,.d pol4
ti~s. exA ~nd •ve~v. P+rrb~e ro?a~d MJRIGAGEE ~f ~tf ~n~rreN m~y ~~u, ~nd erch •nd •vsry fuch ~w~,cy s6~ll be ~,rw„~i~~y •~sy~rJ a~,d det~wered ro
~n~ lwid by s~~d MORtGAGtE as iweha. ucunty to ~~K! mwly~y~ debl. •nd. ~+W te» Ii+~n ten (101 days i.. adrance ol ~he e,~,u•~~ai ol each pohcy. to dr
IivM t0 ~a~d MOR1GAGtE a re~irwal fhertof, toye~hN wi~h • rece~pl fw Ihe p~mwm oi such re.xwal: a~.d ~here ~hal1 !ro rw Lre o~ w~~~d~~o~in ~ntiur~nt•
pl~c~d oo any ol sa~d b„dd~~.gs. •ny ~~~t~,e~1 lha~e=n a par~ ~hercof, unic~s in tlr lorm and wrth tM loss payable a~ afwe~a~d: ~~d in the e~e~~ •ny wT
of nqMy becanes pay~ble unde~ such policy w pobc»s u~d MQRTGAGEE shali iuvs ~he opt~on to ~ecc~~r~ and appiy ~he ~a,,,c on accoun~ ol ~he mdeb~ed- >
nfff lKUr~ hMeby O/ t0 pMmd s~~d.AAURTGAGORS t0 fKewf u1~ N p dny pdrl iha+cof lor otu~~+ ~~ur~-osrs. .+~~hc,..t Ih~•. u~ w.+~vi o~ ~~~~pa~~• ~
irq ~ny pwfy, lisn w r~gM ur+der o~ by virtue ol this mo:ty~y~: a~+d in tM ~ve~l t~~d MORTGAGORS shall ta any reason (ail ?o kecp the sa~d p~em~~et so ~
inswed. a(ai) ~o delrver pranpHy any of wid polK~es ol i~w~anc~ lo s~~d MOR(GAGEE. w lad prompriy to pay fully •ny pre~n~„m ~hcrefor w io anY
resp~d fail 1o pafam, d~uhsr8e. eaecute. ellect, compkq. compty witA and ~b~dt by this cove~en~, d any pa~~ hereof. sa~d MORIGAGEE may p1ec~ •~~a ;
paY (p s„ch iniur~nc~ or ~ny part ~hrreof without w~ivinp w dfeclinp ~ny option, li~n, equ~ty. or nghf u~de..w ~r v~.tw of ~his Matga~e. •nd fhe #
full unouM of ~ath and e.~ry such paymeM sh~ll be im~nediately dw and paYabl~ ~nd thall bear inleresl from the dst~ Ihercof v~~il pe~d al the rate oi ~
~~~x ~ csnwm per snnum srxl to~rthe~ with such inre~est iheU oe secu~ed by tM I~en of Ihi~ mortfl~gs. ~
To pKmit, commit o~ suffer no wa~t~, impa~rmem a deterio~ation of sa~d p~operty w~ny part thereof.
S. To pay all ~~d sinyulu ~hs cwts, charpes ~nd ex{xnses, ~ncludirq a~easonabb +naner's fee and cos~s ol abstrac~s o! t~tle, incuned or paid at
any ~ime by s~~d MORIGAGfE, because or in the event of the fa~lvre u~ ths ptrt of ~he said MORTGAGOR to duly, promp~ly ar,d tutly pe~iwm, d~xharg~
execute, ~Ifed, ca»ple?s, cwnply w~th and ab,de by exh and every ~he stipulat~ons, agsee~.ents, condinons, end covc~~enfs o~ sa~d pranissory note •r.d ~hb~
mo~tya~a any w euher, and ~a~d cvs?f, cMr~es and e~penua, each and eve.y, shall be immedrote~y due and payable; whceher a not ihere be nonce dr
maod, attempl to co:tetl w fuit pe~d~ng; and the (ull amouN of e~ch end every such payment shall bea. interes~ from the date thereof until p~id at the
~ate of nine }xr cenr~m per an~w:n; arx.' atI said costs, cha~ges and eapenxs incurred o~ paid, toyether w~th such ~nterest, shall be secured by the i~en of thi~ '
mortpap~.
6. Tha? (e) in the event o~ any breach of this Mortga9e w default on the part of the J~10RTGAGOR, or ;b) in the event sny of sa;d ~ums of money
herein rcferrrd to be no~ prwnptly and fully ~aid within thuty (30) days neat atter fhe same severally becane due and payeble, withou~ demand or ootice,
or (t) in the event each ~nd every the stiputatiw~s, agreements, cond~t~o~s and covenanb of sa.d prom~sw~y note and th~s mortgage any or either are not
~uly, promptly and fu~ly perfw~ned, d:xharged, executed, effected, ton+pleted, compt:ed with and ab~ded Sy, then in e~ther or any such event ~hs ia~d ag
gregate fum ment~oned in sald promiuory rate then remaining unpa~d, with inte~est atcrued, and aU monrys srcured hereby, shall become due and pay-
eble fathw~th, w rhereafter, at the opt,a+ ot sa~d MO~iGAGEE, as fully and comple~ely as il afl of tlee sa~d suma of money were or~g~nalty ttfpulated
ro be pa~d on ~~ch day, anyth~ng in sa.d p~omisswy note or in this Mwtgage to the contrery notwitAstand~ng; and ~hereupon or ~hereafter at Ihe op~ion of
sae~ MORTGAGEE, v~nhout no+~c~ or demand, suit at law a in equity, therefwe a therealter begun, may be prosecuted as if all moneya secured hereby
nad matured pnw to ~?s ~nsta~~~o~.
7. That in the event ehat at the brginning of o? ~t any time pending any suit upon this Morfgsge, or to foreclose it, w to ~e~orm it, or to enforc~
payment_ 01 any ci~~n,s hereu~~der, safd MORTGAGEE sMll apply to the Cou~t having ~wud~ction thereof (or the appo~ntmem of a Receiver, such Court shall
forthwith appoent a rece~~r of sa~d mo:tgaged property al) •nd sinyular, includ~ng all and s~ngular the income, prohn, issues and revenues from whatever
source derired, ea<h and every of wh:ch, it being expressly vnderstood, is hereby mortgagee! as if spec~fically set iwth and described ~n ~he yraneing and
habendum cla~ses hercof, and such Receiver shall Mve all the broad ~nd effedive funct~ons a~d powcrs in anyw~se entr~stcd by a Co~rt to a Receiver, and
s~th appoi~tme~it sh~i~ bo made by such Court as an admitted equity and a matter of a6solute ~~ght to said MORTGAGEE, and w~thout reference fo the
adequacy w inadrq~acy of the value of the property morlgaged or to the w~vanty or msotvency ot aa~d MORTGAGOR o~ the defendams, and that suth
rents, protits, i~cwne, issues and revcnues shall be applied by such Recerver accwduig to the lien w equ~ty o1 said MORTGAGEE and the practice of such
CouA.
8. To duly, promprly and fully per(orm, dittharge, exec~te, e4fect, complete, compfy with •nd abide by each and every the stiputations, agreements,
;onditions and covenants m sa~d promissory note and this mortgage set fwth: '
9. That in the event the ownerihip of the mortgaged p~emises, or any part thereof, becomes vested in a person other than the MORTGAGOR, the
MORTGAGEE, its succ~uors and ass~gns, may, w~thout not~ce to the MORTGAOR, deal w~fh such successor w successo~ i~ ioterrst wirh reierence to this
mo~tgsge and fhe d_~ut hereby secured in the same manner as w~th Mortgagor without in any way vit~ating a d~scharg~ng the Morrgagors' liability herr
under or upon the deb~ hereby sec~red.~ No sate of the premises hereby mortgaged and no forbearance on the part of the IAORTGAGEE or its svccessors
o. assgns and no e,~rer~s~on oF rhe time ior the payment of the debi hereby secu~ed given by the MORIGAGEf o~ its successas w assigns, .Sall operate
ro refease, d~scharge, mod~fy change or affed the orig~nal liability of the N10RTGAGOR Ixrein, either in whole w in part.
10_ It is spec~{~ca!ly agreed that time is of the easence of this contract and that no waiver of any obl;ga~~on hereunder u of the obligation st
cured hereby sha!i ai any time ~hereafle~ be held to be a waiver of the terms hereot a of the instrument sec~red herby.
11. In add +.o.~ to the forego'ng monthty ¢ayments of princ'pal and interest req~ired by the prom~ssory note secured he~rb~, mor?gagar cove~ants
and agrees to pay to ~~~o-tgagee with each moothly pay~nent an add~rional sum esnmated by mortgagee to be eq~al to 1. 12 of the annual cost of the follow-
~
~ ~3g: ~
A-A1t ree? Froperty taxas tev~ed or assessed agai•~at the above descri?xd real esrate.
B-F~e~, u-~s on i:re and w~ndsto~m insuracce as herein requ:red to be carried on the ~mproveme~ts s;tvate on the above d,su~bed premises.
C-Pre+-+~u~-~s o~ soch m.ort3age g~aranty ir.surar.ce as martgagee shall from t~me to time deem (it to carry on the loan secured hereby.
i Mortgagee she ~`•rm t~me ta r~me ~ot~fy mortgagor m writ~ng of the a~*:ou~t due and payabte hereundrr and svch wrn shad thereupon be due and
~ Fayable on the d.,e aa~e of ~hz nexr month:y payment and each successive monrh eherea(rer uotil mortgagee shatl not~fy moregagor of a cha~ge in such
~ ar:punt. $uch s~rns Sj'3 " fJC app:ied by matgagee toward the payment of real property taae:, insurance pren;,ums, a~id mortgage guaranty insura:ue
! o+emiums. '
~ , IN \YITNE~:; ~L' ~EOF. ;h ~d MORTGAGOR has he?eunto xt his hand and seal the day and y first aioresaid.
i ned, Seat n el' iT1 yence of: ~
v~G' =~c, ~ ~e '
' cs~,o
~ ~ CL_~~ ~
,
~ SSATE Of PIORIDA - ~a?, t • _ .
S? LUC I6 ~ ss' ~ ~ _~,y_.. ~ • ~ .
couNn oF • _ 1 ~ - ` ii ~ -
Joseph S. Barton _ - ` ° ~
Befae me perwnally appeared :1~ ~.~-i.-¢*. ~~~f'; ~
Josephine A. Barton h;, w~fe, to me well ki~ ~`i~~tw~IMw/~ ~t~~i
rhe ind~vidwls descr~bed in and who exauted the fore9oiny instrument, and scknowledged before me that they ezecute~ tk' _{q`~
Josephine A. Barton ~ ~
therein expressed. And the said ~ /y~~ • •r. • . `
rvffe of the „~a Joseph Barton . ~'y~p~~k.~ piwN
e¦am~nation by me take~ uparate a:~d apart from !~er sa~d hus nd, scknowledged to and before mt that she e:ecuted said irrfwnNenf {~ly a~d vol~o-
ranty and waho~t any compu~sio~, const~aint, apprehens~on, u of or ~rom her said huiband. .
WITNE55 my harrd a~d offic{al usl th~s___~:- day of Au V~t A D. 19 7O
~ ~ ~J
~ Notary b~~ in •nd fw the Sute of flaida ~t lu~e '
My Comm~ssion eapires: ~
Retvrn io:
~ firs~ Fede.al Say~ngs 3 laan Assoc~at~or ~ i L:ltio~ ~/~~9i, L
~ OI Fc•T Ve~ce i„~ ~~r i3~ ltllj
$ io~t P.erta F!c;r~da ~.~:w.u ti~~~..,,~ a
~f. UCtE ~ ~~ORBEp'
k•` ^(?R[? ;~cq~F.FpLA.
This~lnstrument Prepared By J. D. Chastain ~ ~`'~~~~7 =
First Federai Savings b laan Association 7~ AU~' ~u e '
of Fort Pierce , Florida ~ w~ ~ ~
~v
Checkeci Br CLER~~~~E~ r• , ~~S
~ Q~p~ ~41 Q~~ K CIRCUIT COURTf
BOOK a
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