HomeMy WebLinkAbout2511 3. ~o y1ac~ and contv?uously ?~sp on Nr 6ui~dinp~ ~ow w iwN(hr Mh?~N on ~a~d t~nd +~d aM ~1: p„ip~n~M and pe.wrvlly covp~d bY Mi~ rnaq~
.q., wuA .N p..n,wms ~l~~on p~,d ,n full, I~rs inwr~~c~ ~n ~M wril ~Nrda~d po1K~ larn, {n • wm ~ywor~d by eM MOR~4/?GEE. ~nd wie~d~?pm
~rowaK. b Nw vswl a,nda~d poisc~r lam. in a wn+ ~pprwtid ~ y1~ MORTGAGfE. Y+ wcF~ cony»ny a cornp.n~s a~M 1MORiGl1GEE n~y
da~ctt and all f'v~ +nd w~nd?w~n~ imw~ polKws on ~?~r ~ build~. w?y inMr~~~ tM.Nn a p~.t ~herwl, in ~M app~ep~~~ wm yfa~W a
in ~acwa rh«wf, aM11 camaw+ ~M wwl sandard maq+p« ciwN a wch ahM clws~ w ~M Ma~pp» may reoua~. ma4op tM los~ und~. uwl po1i~
cws. ~ach ~nd wKY. payabw w uid N10RiGAGEE as ~ts intc?Mt ~y ~pp~a~. ~d ~atA ~nd ~w~y such pa1Ky tl+~ll b~ promptly ~u pn~d ~nd d~liv~?sd eo .
Mld by w:d laORiGAGEE u(wrhM ascur~~y ~o said ma~yap~ d+W. ~nd, ~WI IfN tlNn tM I~OI I~yf in ~d~anc~ oi tlv ~ap:r~tion ot tKA ppIKY. ~o d~.
livN ~o uid MORTGAGEE • rN?owd tF»r~ol, topNhK wiM • nc~ipl !or tlw pnmiwn of tvch r~.~ewalj ~nd ~here ahatl b~ no f~r~.w winds~or~n i~+twMC~
p1~ad an u~y ot ~a~d b~,~~d~~+ys. ~ny ia~e.ut ther~~n w p~? th~.~of. unbp In ~h~ fa~n ~nd with ~h~ loas p~ybM a dweuidr Md in ~M ~v~m ~ny w~n
oi mwNy becomas pay~bNr uncle~ wch pclicy o~ poiiciN s~id MpltTGAGfE ~l+atl Mw e!» optw~ ro r~piw ~x) ~pply ~M ~.m~ on accovm o( ~!w ir~bed~ !
Mtf fltWld hNlbY O~ ~O pMmil a~w) MORiGAGORS w naiw and ea~ N w ~ny pi~t thftfOf 1p? 01hN/ put~es. ~wthoul Ibcrrp/ wa~vi~~ Of unpai~-
ieq ar+Y p~ri~y. Ii~n a riphl w+da~ w by virtw o! this mortpay~; Md in IM ~VMf MkI MORTGAGORS fhall (W N?y ~~awn fail ro kKp th~ said pr~mish ~p r
inwnd. p}ail b d.i+~« womwir amy Of said pOlKits oi imvrant~ to s~id MpRTGAGEE. oR laif p~omptly b pay tully any pranwm theretw w in ~ny
ra~pM t~il to pMtwm, d~uha~gt. ~x~cur~. ~(t~ct. compl~ts. compty wAh and ~bid~ by this cownant. a~ny p~.t herwf, said MORTGAGEE may plao~ ~nd
paY fa tuch 4au.anc~ a~ny part tM~wi wi~hout w~rrinp a afl~ctM~p ~eqr optio~, ti~n, p~;ry. a rph~ u.~de. or by virtw of this Mon~ap~. ~nd tM
full amoum of sach and wery ~uch p~yment shalt b~ imn?~di~t~ly dw ~nd pyabb u~d ~hal1 beu Inte+e~t (aom th~ d~t~ therwi umil p~id a tM ra~~ of
nins pN untum pe~ annum ~nd top~tht~ w~~h t~th inlt~est shall b~ s~tvred by th~ li~n oi Mis mortpaQ~.
To pKmit, ownmit w svffu no wast~, lmpa'ument w d~~~.ia~tion of s+id propK~y w~ny p~rt ther~of.
S. To pay all ~.~d unput~ tM cwts, clwrpN and exp~n~, i~cludir~y a?NSOnabl~ anorn~y's i~ and costt of abstracts oi titt~, incur.ed o~ paid a~ ~
sny ~im~ by ~a~d MORTGAGfE, b~cavse a in tA~ twnt of tM (~ilvrs on th~ pan of tFw iaid MORIGAGOR a dvly, promptly and futly psrform, dwcMry~,
sxec~t~. ~lfect, canpl~tt, comply w~th ~nd ab;d~ by ~ach u~d ~very tM i~ip~l~tiom, ayre~m~nts, tondilions, u+d covenants of said promiuo~y noM and ~hii k
mor~pap~ any o? ec~her. and iaid coits, cMryti ar+d t:pensss, esch and ~vKy. iMti b~ immediately dw ae~d p~ysble; wherl?er or not rhere be no~:ce ds~ ~
mand, attempe ro cdkd a su;~ p~nd~rg~ and ~h~ fvll arno~?nt oE ead~ ~nd wny wch. p~yment ~hall b~a~ ioterett from 11a da?e tlkreaf unre paid ~t th~ ~
rare o( nine per centum paK an~wm; and all said coits, chupes and eap~ns~a incvrred a paid, top~ther w~th wch iroer~st, shall b~ securad by the lien of th4
moripp~. r
6. That (e) i~ the ~vem of any b?each of thia Martyape or defa~h on the part of the MORTGAGOR, or (b) in the event any af s~id wms of awn~y f
herein refared to be not pra»ptly and tully paid wiihin thirty (30) days nsxt afte? tM same severally become due and payable. withovt demand or notict,
or in the evenr each and every ~he stipul~tio~s, agr~ements, conditiau and cownanr~ of sa+d promiuay nots and th~s mwipape any o~ eith~r an rwl
~uty, p?omptly and fuliy pe~fwmad, d~ul+arged. execured. effec~ed. complet~d. compl~ed with a~d abided by, then in ~ither w any such ~ve~t tF~ said ~
pre9aM sum mcnYaned i~ said promiswry note tF~n?•ramainirp unpaid, with interesl accrued, and all moneys secu~ed hereby, shall becom~ dv~ a~d p~y-
~bl~ fortAwith, a fhereaher. ~tFa option of said MORTGAGEE, u fvlly.and completely ~s if all of tF+e said wms of money were wgiMlly aGpulated
ro be paid on svch day, anyfAi~q in sa;d promisaory ~o~e u in this Mortpspe to th~ contrary notwithstsnding; and thereupon w thereahe~ a~ tM optan of
~said MORTGAGEE, wc~hout aotice o~ dema~d, s~it et !aw w in puity, therefore a thereaf~e? bepun, may be prosecwed u if all mw~eys ~ecured hereby
hed matured prlor ro rts institu~iw~. .
7. That in the evero that st the beginning of or at any tim~ pendirg a~yr wit ~pon this Mwt9aye~ p to fweclwe ib w ro roform it. o~ to enfwp
paymer?t of ~mr claims he.eunde~, taid AAO~TGAGEE._sM~t apply ro tha Court havinp jwisdiction thereof }w the appointment of • Receivsr, such Cou~t ihall
fw~hwith appo~nt a receiver of said mwfgaged property ~II and sinyula, includ~np all ar~d sin9ul~r th~ income. prol~ts, issues and rw~nve~ from whstwer
source derived, each ~nd every of which, it bei~p expres~t~ w~deri~ood, is hereby mort9aged ~s if ~pecificatty set fath and desc.ibed in tlre y.~~tirp ~nd
habendwn clavses hereof, and s~ch Receiver shall h~ve ~II the brwd snd effective funct~ons ~nd powen i~ ~nywise entrusted by a Court to • Receiver, ~nd
such ~ppointment shall be made by wch Covrt as an admined equity a~+d ~ matta of absolut~ ri9ht to aid MORTGAGEE, ~nd withovt referenc~ ro the
~deqv~cy or inadeqvacy of the wlue o~ the proper~y mort9ped w io th~ so~wn~y cr ;~solvency of s~id MORiGAGOR or the deferxiann, ~nd that ~~ch
rems, profin, ~ncome, asves and r~venuss sMll be apptiad by wch Receiver sccordinq to the lien w equity oi ssid MORTGAGEE and the p~actip of such
Court.
8. To duly. promptly ~nd fully psrform, d'ischary~, execute, effect. compl~te. cpnply with and abid~ by ead~ and ~very fM uipulations, ayreerr~ts,
ca~dit~ons and coveoaats ~n sa~d promiuwy not~ ar~d this mwtysge set fwtfi.
9. That in the evmt the ownership of tM mortyayed premises, or any psrf tFw.veof, 6ecomes basted in a person other than the MQRTGAGpR, tM
MORTGAGEE, its wctesso?s +nd sssigna, m~y, wittw~rt ~otice to tiK MORTCsAOR, deal with such succeuor or wccessor in inte~est with ~efe~eace to this
mortgags ~nd tl+e debf hereby se~cured in tht same manner u witb Mortgagp without in any way vitiding a dixharginp the Mwtpagors' liability here~
under w vpon the debt hereby ucv~ed. No sslt of the premises hereby mortyaped and ~o fwbearar~ce on th~ psrt of the MORTGAGEE w iri succeuws
or +ug~s and no exrension of the time fa the payment of the debf hereby secured piren by tha MORTGAGEf o~ its tvccessors w assiyns, sMll opKaN .
ro ~ekasc, d~scF~ar9e, mod+fy charye or affecr the wiginal liab;6ty of the MORTGAGOR hsre;n, titFw in whde or in part.
10. It is specifically agreed that time a of the essence of this tor?trsct and that no w~iver of any obli9ation hereund~~ or of ths oblipation sr
cured hereby sMil at any time thereafrer be hekl to be a wairer of the terms hereof w oi tF~e Inatrwnent secv~ed harby.
11, fn add'rtion to fhe faego:ng montblY paYmgn» of print:psl and interest reqvired by the promissory note secured hereby, mwtgagor cpv~ryny
and agrees ~o pay ro mo:tgagee with e~ch monthly payment an addi~ional sum estimated by mwtyagee ro be equal to 1/12 of the aru~ual cost of the fdlow-
i++4~
A-Atl real prc~pe.vry ta:es kvied or assessed against the above dewibed real estafe.
B-Prem~ums on fire and wiodsto~m inwrance as herein req~~red to be carried on the imp?ovements situate on the above desvibed premises.
C-Prcmiums on such mortgage gvaranty insurar~ce as mortgagee sha(1 from time to time dcem fit to tarry on the loan secured he~eby. i
Mwtgagee sfia~l from time to time notify mortgagw in writing of the amount due and payable hereunder and such t~m shall tAerevpon be due ~nd 1
payable o~ the due da?e of the next monthly payment and each s~ccessive month thereafter u~til mortgagee shall notify mwtgagor of s chs~ge in wch
amo~nt. Such sums shall be applicd by mortgagee toward the paya+e~t of real property taaes, i~sw~~ce prem;ums, and mort~age 9uaranty insurance
Premn+rtts•
1 WITNESS WHERF e sa~d MORTGAGOR Fus herwnro set his hand a~d usl the day and ar fint aforesaid.
ed. 5 r ' the ptesence of: .
, ~ t
ry i
. ry
, -n
STATE OF fLORIDA ~
S2. LUCIB u- . .
coun+n oF -
def«e me perwnaly ~ppesrod C. B. Watd ~nd
Alice LOL11se WaYd Iw wiie, to me well known snd k~wwn to me w b~
rhe indi~Kfwb described in and who ~xecvted rfK fa.yoirg instrum~nt, and acknowtadped before rnt tAar they execured rhe same to. tM PurPos~a
therein expreased. And tia sa~d AI1Ce Z.Oll~S6 Wdld
wife Of th~ fiid~ C• B• {~~d iKwn • s~par~t~ Nld prival~
e,cami~ation by me taken scparat~ ard apart from her said Au~bard, ~~d b and btfoh en~ tMt sM execvted said in~trument ~re~ly and volun-
?~rily and w~thovf any computsan, corutr~inb ~ppr~t~ns;on, p feu of w from 1~ said husb~nd.
WITNESS my hand and officisl seal th~_=_T SP rI~L D. 19 7O
Y
Nofsry Public in and fa the Stab of Florida at Larp~
RNwn Ta , Co~,,~,,
~,,..ke+ii•~ My ~IVfARr ~•AATE Of FLORI~II AT 1ANE
r~,
first Fsd~rd Savi~ i loan Association ~~~~t~~i„` ^;rE;`,`~ ~Y C.'~MMI$$ION EXPI~2~$ SEPT 197i i
Of FOtt P~erce. ~ } > ~~L ~t f~~~~ ~
•
, _~"'''.~'!!`~'y' LUC I E ~ ~
Fott Pie~ , ~
n. Fb.~d, , : ~:~~~~~.:v;?~:~',~~' • COUt~TY. FLA.
;:r . : t?F:":c~~+F'~C1
- . , r $
, ,Z. f1~_ ~ r~- tj.7.'~;.E~?e ~a7 '
s, ~ • wl~1"~h~ ~ 4$~~ ~M1rr.
~ ti~.
This lostrument Prepared By John W~j~ ~ ~:t~' +yfl Cr0 y PM 3~ ~ 8
• •
First Federsl Savings b loan Associatio~ ~'S~'1.;~~~.~dy~Q~.~ r ~ f'
of Fort Pierce ~ Floz ida '`=--'L,'L~.a"t':; 'L~?. ~ , ` /
~s~. -~1t
~ 4 ~~f*~ ' '='*fa~: , ~{A..~~~ . .
Checked By . ~ ~~:i.uet+?t :-i~ ~ W
8001! r• ~ . ~=t.£R!~ C'?CUlT ~OURT
18~~ ~~~4
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