HomeMy WebLinkAbout0895 lo plx• ~nd com~~uovsly Ae~p on ~h~ tw~!d~np~ now a MrealtN ?~tu~N on ~od I~nd u+d on •II cqu~ymrnt ar,d perso~,~tiy co.ared b~ ~hi~ mat9-
+q~. w~th 111 prcmwml ~t.r~eon pe~d ~n t~il, lue ~nf~NMf ~n ~ha u?wl ti~~~dud poi~cy fam, w+ • s„n ~~wu+ed b~ ~i~c MUk~VAGEE. ~~~d w~nd~+am
insw~nt~ in ~M ~swl ~~~~xfud pol,cy fwm, in • sum ~p{aoved by tM MORTG/1GEE. ie tuch too~{H~y o~ co~„~•an:es ati ~M MORIGAGEE m~y
d~~ec~; ~~d ~11 1n~ a:Q wMCl~ro~m ~nw~anc~ po:Kws a+ «+Y ol ~ad bu~~d~~+ya, ~ny imer~s~ the~e~n w pa~t ~hereol. io ihe ~gyrcyNe ~~m ~la~said-or
in ~aceu ~hereol, aMll conr~~n ~he usuat ~~a~tdard moe~9pe~ ciwse a?vch o~Ma dau~ a~ IM Ma~q+pee m~y reyu.r~. ma?~~~p H,e Ios? u~.de. ~•~d pol4
cief. ~acA ~nd eve~y. Mr~~'e M tad MORiGAGEE ~f A~ io~ere~t ma~ ~~xar, ~nd each a~+d eve~y ti~ch pa~~cy sh~lt t» p~a.,ptly ass ~~.ed •~~d de:wered ~o
•n~ MW by s.~d MORIGAGtE a~ funher sew~~ty to s~~d nwr~ype debt, a~d, not ~e» ~h+o ~en (101 dayi in eJ+a~xe of the e¦p~~~~~«+ of e~ch po1Ky. to dr
hra~ ~o u~d MORiGAGEE • ra~xw~f ~hereof. top~thH wi~h a rete~pt fa the pr~mwm o1 tuch reaewat; and ~here fhall be ~q Lre or w~~~duor~e in~ur~nc~ :
plKed on ~ny ol said bu~ld~~.ga, a~y inlercat tlwre~ w p+rt thereo(, unltss in ~M form and w~~h IM los~ payabte +s afo~ese~d; and in Ihe ev~.~1 any turn
of n+oney beca~xs payable unck+ wcA policy w polK~f said MORTGAGEE shall fuve tha opt.on ~o rece~Ye m~d upy!y ths s~me on ~ccoun~ o~ the i~dettrd
ntff 1KUr1d hNObr Ot W petmil faK~ MOR1CiA~RS t0 fKeiv~ M~ uf1 11 Of •ny part I?~~ppl fG~ Otia•r purE.oari. v.dnoot Ih u! wa~v~ W u~iao~r.
inp ~ny ~qudy, G~n o~ rghl under a by virtue of thn ino:!yaye; ~nd in tM tveal sa~d MORTGAGORS shatl !a any rcason fail lo krep rhe sa~d prtn+hrs so
;nsu~ed, w I~i1 p delrva promptly any of said po~kies of inturanc~ to s+~d MURTGAGEE, or fad promptly to pay Fuity any premwm therefa w in +ny
r~~pect i~il lo pNFpm, d~uha~ge, eaecut~. ~Ifect, comple~s, comply with ~nd abid~ by this tovenan~, or ~ny par~ hrreof, ta~d MURTGAGEE may p~ate a~0
paY fa such insuranc~ w~~y p+rt thereof withou~ w~ivirg a affec~inp a~y option. iisn. eqvity. w ngh~ unde~ a by v~r~~e ol this Mwtga9e. ~nd tAa
full amovot of each and tvery wch paymem sMit 1» immadiately dw a~+d psy+ble and sha~l besr inte~est (rom ~he date thereoF uroil pa~d a~ ths ratt ol
n~ne pe~ cenrum pN annu~n and +o~rthr~ with such inreresf ihaif be secured by tFN IiM of th~s rtWrtyage.
4. To p~~mil, commit a suf(er no wasN. imp~irmeM a deterioation o) said propaty w~ny part tAeieol.
S. To pay all ~nd sinqular ~he cosn, chu9es and exp~nsea, inctudinp a reasonable a~~a~ey's fee and cosra oi abatracts of ti~le, incurred w paid st
any ~ime by satd 1VlORIGAG:E, becruse a in the event of the f~~lute on Ihe pa~l of Ihe said ARORTGAGOR ~o duly, p~anptly and Futly perform, d~uha~ge,
exec~te, f~+Kf, complae, ca~nply w~~h and ab.de by exh ~nd every the atipulehons, ~greements, cond~t~ons, and co~renan~s oi sa~d p~wn~ssory note and thi~
mortgage •ny o~ e~~her, snd se~d co~~s, ch~rycs and eape++xs, each ~nd wery, sMll be immediately due and payable; v~rhether w not ~he.e be no~~ce d~.
mand. attempt to collect w suit prod~ng; and ~he t~ll amouM of eath and every suc6 payment shall bear intereat f~om ~Fu date thereof until paid at 1he :
rate o+ ni~x per centum ~r ann~,n; a~.d ell uid costs, tharges and expenus intur~ed Or paid, tOgether w~th such inferasl, stwll be setured by the I~en o1 thif
. E
mort9aye.
6. That (a) in 1he evenl of any breach o( lhis Mo+t9ag~ oa dcfautt on the part oi the MORTGAGOR, or (b) in the event any o( sa:d sums oF mo~ey
here7n referred to be not promptly and fufly paid w~thin th~rty (30) days ncx~ attcr the same severa!ly become d~e and payable, without dcmand vr notice.
or (c) in the event each and every the stipu~ations. agreements, condifions and coven~nta of sa:d promissory no~e a~~d th~t mortgage any or ehher ~.e not
~uty, promp~ly and fu~Iy periwmed, d.xMrged, eaecuted, efFected, completed, campl~ed with ~~d ab~ded Sy, Ihen in e.~1wr w any such evem ~he uid sg
yregate sum men~ioned in said pranisawy note then remai~ing unpa~d, wi~h interest acaued, and ail moneys secureal hereby, shall become due and pay
ebte for~hwith, or thereafte~, at ~he opt~on of said MORiGAGEE, as fully and completely +s ii a~l of the sa~d sums of rnoney were a~g~nally st~pu:ated
ro be pa~d on such day. any~hing in sa.d prom~ssay oote ot in this Mo~l9age f0 tha ton?rary nolwithstand~~g; and ~hrre~pon w thereafter at ~he option of
said MORTGAGEE, w~tho~t not~ce or de~nand, suit at law a in equity, therefore or therealter begun, may be prosecuted as ii al! moneys secured hereby
had maeured pnor to rts ~ns~~tuf~on.
7. That in ~he evc~t iha~ at the beginnirg ot w ~f any time pe~ding any suit upon this Mwtgage, or to faeclose it, or to reform it, or to enfo?ce
payment of any daims he~eunder, said MORTGAGEE shail apply to the Cour1 having jurisd~ction thereof for ~he appomtment of a Receiver, such Court shatl
Forthwith ~ppo+nt a rece~ver o! said mortgaged proorrty all ~nd si~gul~r, includ~n9 all and singu~ar ~he inco~ne. •p~of,ts, iasues and revenues Irom whalever
wurce de~ived, each artd every of wh~ch, it be~rg eYpreufy understood, is hereby moregaged as H}pec~i~cally set ioreh and deuribed in the gronnng and
habendum cla~ses hereoF, and such Receiver shal~ hsve all the b~oad and effective funct~ons and powen in anyw~se entruated by a Courf to a Receiver, and
s~ch appoimme~v shall be made by sucfi Co~rt as +n admitted equity and a m.attet of absol~te right to sald MORiGAGEE, and without reference to the
edequacy o? inadrquacy ol the wlue of the property mw?gaged or to the wivency w insowency of said MORTGAGOR o~ the defenda~ts, and that such
rems, profits, incwne, issues and revenues shall be applied by such Receiver accwd~ng to the lieo or equ~ty of sa~d MORTGAGEE and the pract~ce of such
Court.
8. To dutv, p?ompely and fully periwm, d~xhsrge, execute, e~fen, complNe, comp~y w~~h and abide by each and every the stipulat~ons, agrcements,
condiYqns and covenams +n sa~d promissay note and this mortgage set fwth.
9. That in the evem the ownership of the mortga9ed prem~ses, .w any part thereof, bccomes vested in a person other lhan the MORiGAGOR, the
MORTGAGEE, its successors and auigns, may, without naice to the MORTGAOR, •deal with such successw w successor in interes~ w~rh ~eference to this
~ mo~tgage and the debt hereby secured i~ the same manr~er as with Mortgsgo~ without in any way vit~ating w d~scharging the N1a.tgagori liability FKrr
under o~ upon the debt hereoy secured, No sate ol the prem~us hereby mortgaged and no fwbearance on the part oF ~he /~10RiGAGfE w its svccessws
or assigns and no extr~sion of the hme ia the paymem of the debt hereby secured piven by the MORTGAGEf or its successa• or auigns, shsll operate
ro releau, d~xharge, modify change or affeU the wiginal liab~l~ty of the MORTGAGOR herein, either i~ whole or in part.
10. It is spedfically agreed that time is ol tM esse..ce of this contract and that no waive? of any ob~~gatipn hereunder or of the obliyaYan sr
' c~red hereby shall at any time thereafter be held to be a wawer of the terma hereof or of the i~strument aecwed'l~erby_
11. In a:id r o~ to rhe fwego ~~g mon~h+y payments of princ pal and inre~est required by the prom ssory ~,o~e secured hereby, mortgagor covenants
and ag.ees to ;wy +o ~t:o•tgagee v~~th each monthly paymem an add~rional su'm estimated by mortgagee to kx equai to 1; 12 of the annval cost of the follow-
, ~
A-Atl ~eal property taars levied o~ assassed againat the above described resl es~ate.
B-Fre~:::..~s en Fve and w~ndsror:n msuracce as here~n requ:red to be carried on the ~mrrovements sStuate on the above d_sc.ibed premises.
C-Pre~nwms o^ such mo~tg.;ge g~aranty in3urar.ce as mprt~agee shall from t~me to. time deem fit to tarry o~ the loan secured hereby. F
'I Mortgaqee sha~~ ~rcm n~ne !o nme no+i(y mortgagor in writing of the amou~et d~e and'payable herevnder and~such sum shaN thereupon be due and
i , nyable on the d„e dafe of :he ~~eat ~nomh:y paymem and each succrss~ve month thereafter urtil mortgagee shalf not;fy moregagor of a change in such
~ a~iount. $~ch su:ns sFr : be app!~ed by morrgagee ~oward the payment of real property taaes, insurance prem.ums, a:~d mortgage guaranty insurance
~ o~emiums. , A''^
N W1TNE Y:MFR;Of the said MORTGA ~e~ie~ al ihe day and first aioresaid.
= ned, Sea, and ' ed in the p~ese~~~- LuCIE COUNTY, f'~i
RE CORD V~RIFIED +v
i
- ~J IO~r2 ~ (Seeq
cs~.n
~ - - - ~ ~ ~ ~ : 0 0 ~se,i~
SiATE OF FLORIOA ~
couNn oF St . Luci ~01
RAS~
CIRCUI~~O~R~
eefore me penonal?y appeared Ra17mU. I1bUUt ' and
3dn:~ E. T Y lhOllt his wife, to me well known and known to me to bs
rhe individuals described in and who executed the faeyany irutrument, and atkrwwledged befwe me that they exec~ted tix same fa the pvrposes
rherein expressed. And the said__ GC~na TIlbOUt
~~fe of the ~~d Ravmond P. TZlbOUt upoo a separ~te and privats
e~am~narion by me ta4en xparate and apart from her said husband, ack~owledged to and befwe me that she e:ecuted said i~strument freely ~nd volun- ;
rarJy and wnhovt any compu~s~on, consr~aint, epprehenay~, o~ feu o[ o~ from her said husband. ;
~ WITNE55 my hand and off;c;al seat this_-~~ d~y of `~u ~t A. D. 1970 ~
~ 3
~ Nota ubtic in and fw the tate of fbrid~ at lar9e
My m~asion txpires: ~F~j. ~i /97 ~ ~
~ Retvm To: . ~ ` ~
Firsr Federal Ssvings 3 loan Aisocishon } P~~d r.t U'q! ~
Of fort P c•ce- {~!~r ~K. r.bk 0
~ ion V~e~ce F~c~,d+ ~2T;. . 1~?Y Li+:~'.',;:~!W~ t<pirrs t~uq. b. 1911
e e.w• i,r a c.kr, i~. ~
. . v. c~.~- i,.~~_~,_ a
J . ~
This Instrument Prepared By Wm. Br ~ un ~ y
J
~ First Federat Savings b loan Association ~ ~ ~ ' ~ ' =
of Fort Pie:ce , Florids `-"~e ~
• ~
p~ , ~
Checked By ~ •~",~~I~
~ EOOK ~~6 PAGE. ~9~
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