HomeMy WebLinkAbout0876 To pl~c~ and conttrwio~~ly kNp on tM buitduqs now a Mre~ft~r ~ItwN on uW lu+d ~nd on aN pvlprnent ~nd p~.wn~lly cov~r~d bY ~
p~ with a!1 p~m;ums the~eon pa~d in ful4 fir~ i~sur~oc~ In tM ~sual ~~andwd poticy form, in ~ ium approv~d by tM MORTGAGEE, u+d windstwm
Maw~nc~ h ~M vswl ~~~nd~rd pol~cy fpT, 3e~ a wm approvtd by ~ht MORTGAGEE, in tuch company w compani~s a ths MOR1GnGEE may '
d"asdj ~nd aq tir~ and wi~whtwm inswa~e pofici~~ on u+y of siid buiW~npt„ ~ny IM~r~st ?Mr~in ot p~A thtrwl, in ~M ayqreqate wm ~fae~aid o~
fn ~ateas Ihe~tof. ~hall cont~in t!a vawl st~ndard mo~rtyap~~ cl~us~ or suth oliw d~ua ~s tM Mwtppe~ may requi~~. makinp tFw los~ unde~ sad potF
c~~. ~ach ~nd way. parabl~ 1o said MORiGAGEE ~s in intKe~t may ~pp~u, usd fsch and ew+y iuch policy ihall M promp~ly r».9ned and d~l~vered to
~ny Mld by s~;d MORTGAGEE +s funMr seturity to ~id mortpa~ d~bt, and, ~a I~u 1F?~n fen (10) d+ys In advancs oi ~he expiration of each policy, to d~
1~vN ~o taid MpRTGAGEE • re~xwal tMrwf, top~th~? with • roce~pl fot the p~~miwn of wch renow~Ir ~nd then shatt bt no fre o~ w~ndsrorm insur~nc~
pl~ced on My of ~aid buildirgs, ~ny intaqt thN~in p parf tM?saf, unltis in tFN fo?m ~~d with tht los~ paYabl~ u~fo~e~sid: a+d in tht evtnl any w~n
of mw~y b~com~s payapl~ ve~dN wch polky a po1;c;~s w;d Iy1pRTGAGEE sMll Mw ~h~ opt~on ~o receiw and ~pply the ~art~e on accoun~ of the ind~bted~
nest s~swtd 1N~eby w 1o p~tmit s~id IY{ORiGAGORS t0 rettiw and uN it p aoy part thaeof for other purposei, w~~hout ~h:reb~ waivi~~g o~ ~mpair-
inp ~ny p~ity, li«? a ~iyh1 und~r w by virtw of tha mortyaqr, iM~ if1 tM ~Vf1N Nid MORTGAGUR$ tM~~ IW ~ny ~eason fail fo keep the uid prsmises so
iniu~~d, o~ i~il b d~liv~~ promptly i~y of said politiss of in~wanc~ tp said MQRTGAGEE. a fail promptiy to pay fulty any pre~~~um therafor a Fn any
r~sp~ct tail w pKfwm, d'+scha.~, exacvt~, ~ff~ct, complete, comply wifh ~nd abid~ by this cow~ant, or ~ny paN hsr~oi, isid MORiGAGEE m~y pl~ce snd
p+Y fw iuch Imuranc~ w sny part tl+Keof without waivinp q ad . ! i~ly oplion, liip, ~ty, o~ righ~ ~nder or by virtw of this Mortq~pe, ~nd tl?~
tvll amoue?t of each and w~ry iuch paym~nt sMll b~ imrnedjlt~ yabM a~}:~ilJ ~ a~ interest from the dats thereof un~il paid a1 th~ rate ot
n~r~s per centvm p~r annum ~nd to,~ether with such interes~ shall be secu~ed by tM li~n of this mat9~e.
1. To p~tmit, oommif w wffa i+o w+st~, impairmsM or deterioution oi siid property p a~y p~A thereof.
S. Te pay alt ~d si~pul~r th~ costs, cMr~s snd ~xpense~, i~clud'ug a reasoosbl~ anorney'~ fee s~d co~ts of abstracn of titts, incurred or paid at
any time by said IY{ORTGAGEE, b~caus~ p in thf swnt of tlw lailv~e on th~ pa» 01 ~hs said N10RiGAGOR to~ duly, promp~ly and fully perfam, d~ui?ug~.
execut~, effect, compl~t~, comply with and ab+de br exh and every the uipulations, agreements, conditiau, and covenan+s of said promissory note and th~i
mort~aq~ any or either, and said costs cAuges and ~xpanses, each and tvery, shall b~ imn+edi~tely due and payable: whether a rat there be ~otice do-
mand, attc+npt to tollecl q wit pendirg; and t1+~ full amount of each ~nd ewry wch paymeM tMll bear int~rosl from the date thereof ~ntil paid at the
rate of nine per ccntum pe~ amwm; end all said costs, chuyts a~d expenses incurred or p~id, together with tuch interest, shsll be secured by the lien of this
mortpap~.
b. ihN in the ~wnt of ~ny br~c h.Qf thi~ Mqr~~ye or default on the part oi the MORTGAGOR, w(b) io the event ~ny of sa~d sums of nwney
herein referred to be no~ p~aapdy and fully pai~ within thiry (3p) days next afte~ the sam~ severatty betortK due and payab~e, witiwut ckmand o~ norice,
or in th~ event each ana ~~rery tM stipulatiau, agresmsnri, co~ditions and covensnn of said promitsory note and th~s mortgage any or eithe~ are no1
iuly, promptly ~~d fuUy performed. d~ryed~ ex~tR4,~ffscted, completed, compl~ad with and ab~ded 'ay, then in e~~her a sny iuch ewnt ths said a~
gregat~ wm mentiwxd in ~id promisWry note tf+en remaininp unpaid, with inte~~~t accrued, ard all mooeyi setwed hereby, shall become dw and pay-
sbie lathwith, w theresfter, at the optian of 'said ~110RTGAGEE, u f~lly a~d completely as if •11 of the said sums of monay were a~ginelly s~~pulated
ro be paid on si?ch day, anytFwrg in }ud p~anissory noh or in 1ha Mort~aQe to the co~trary norwithsrsnding; and thereupon a thereaha at the opt7on of
~aid MORTGAGEf, wirhout notict o/ demant~, wit af law w in ~quity, ther~fw~ or thereaher beQun, may be proxcuted as if all mw~eys secur~d hereby
had matwed prwr to in instihitpn. - •
7. 1Mt in the event that at the beginnin~ Qf. or ,~t u~y time peading ~ny wit upon this Mo~tgsge, or to fweclose it, w to reform iL o? to enforce
paYment of sny dsims hereunder. said MQjtTG/l'y~,iE jha~l ~pply to the Covat l+avFng jurisdlcfion ti+ereof fw the appointment of • Receive~, such Coun shall
Forthwith ~ppoinl a taceive~ of wid mort9a§ed proparty ~II snd sinp~lu, includ~ng all and singular the income, profits, iuues ~nd reve~ues lrom whatever
source derired. each and every of which, it beinp ~xpressly u~derstood. a I+ereby mortgaged as if spec~ficalty set forth and dex?ibsd in the granting snd
habendwn claus~s hereof, ~nd wd~ Receiver sh~ll have :~II tM brosd ~nd effective funct~ons and powcrs in anywise eotrusted by a Court to a Receiver, ~nd
such appointment sMq be rnatle by such Court u~n sdmi»ed equity ~nd a matter of ~bsolute right ro said MORTGAGEE, and withait reference ro the
adequ~cy or inadeqwcy of the valw of the propery mo»paged or to the solrency a insolvency of•said MORTGAGOR or the defendants, and that such
rcnn, profits, iocoma, iswes and reve~ues sh~ll be applied ~y such Recaiver accadin9 to tM lien w pviry of said MORTGAGEE and the prxtice of such
Cairt.
8. To duy. promptly and tulh perform, discMrgs, execute, effect, compkte, comply with and abids by each and every tM stipulaYwns agreements,
conditions and covensnn in aa~d promissory note and this mortp~y~ ~et forth.
9. Thar i~ ihe evem the owner,Mp of ~he morr9ayed prem;ses, er any psrt thereof, bccomes vested in a person other rhan the MORTGAGOR, tF.~
MORTGAGEE, iri succesaors and assigns, may, without ~otice to the MORiGAOR, deat with sutF? waessor p sutcessor in 'snlerest with refe?ense to this
morry~e and the debt hereby setwed in the s~nK mamer ~a with AMrtgs~w without in any way vifiatu~ w dixharging the Mwtgagots' liability Ikr~
urx~er w opw~ ~he debt hereby secwed. No sale of the Fremises hereby mortyaged and no fubrarance on the part of the MORTGAGEE~ w its suooezsors
or auignt and ra extcns;on of the time for the piyment of iF~e deb~ hereby secured yivee? by tM MORTGAGEf or iti succeswrs or aui~ns, sha11 operate
to rekase, distharye, rtwdify tMn9e a affett the oriyinal liabllity of the MORTGAGOR herein, tither in whok a in part.
10. It is speciP~calfy agreed that time is of the esunce of this contract and that no w~iver of any oblgatlo~ hereunder or of the obtiystion st
wred he~eby ~hali er any fime therealter be held to be a waiver of the terms hereof a of the iratrumeM secvred herby.
11. In add+tio~ to iht fwego:ng rtqnthly payments of princ'pal snd interest required by the promissory no~e secured hereby, mprfgagor covenants
and agrees to pay to mortgagee with each monthly payment an add;riarwl sum estimated by mortgagee to be equal to 1 j 12 of tfie annual cost of 1FK foI(ow-
ing:
A-All real praperty taxes kried a assessed againsf the sbove described real eaute: -
B-Premiums on fire and windstorm inwrance as Flerein requ~red to be urried on the improvemcnts situate on the above described premises.
C-Premi~xns on such mort9age 9uaranty i~wrance as mo~tgsgee shall from t~me to.time deem fit to carry on the loa~ setured hereby.
Mortgagee shall from time to time notify mortgagor in writ~ng ol the an+ount due and payabk hereunder and such sum shall the?eupon be due and
payable on the due date of the next monthly payment and each successive month thereafter until mortgagee shall notify mortgagor of a ch~rge in such
amount. Such sums sF,all be ~p~,hed-by ~,won~,9ee ~pwud iFro parmem of real : propaty t~xes, insurance prem%ums. and mort9age 9uara~ty ir?iur~nce
prcmitM?s.
IN WITNESS WHEREOF. the saed RTGAGOR has hereumo tet Fw hand u~d seai the day and year fint aforesaid.
led ~nd del' pesence of:
) Yitne8ses a~s `~o si~a;ure ~
) ot Ouataw •8. l~iurts oe • s
' ~ xf.tneases as to aignature ~
) of IY1ar3e H. Murts ' ~
STATE OF ~ C~I Y/G ~
courmr oF - -/~t!//~e/~ ~ ss /~af~ac~~ ~ •
b~fore me penon~lly appeand ~~t•8Y@ g. Kl12"t.8
B• ~tE ' his wiie. to me well known and known to rrK to
rhe indiridwta described in and who ~xecuted the foreyoinp instrwn~nt, and acknowkdyed beiwe m~ that rhey exetuted tbe same fa ths pwposes
thcrein expressed_ Md rht se~d ~T'~A K111'tiE
w~fe of the said - ~}1i$ti8~~ Kt12`ti.i ~rpcn • separat~ u~d priv~t~
examin~tion by me tsken ~epirate and ap~rt from her seid husband, adu~owlsdyed to ~nd befa~ me tMt sF~e exetuted s~id instrvment .freely ~~d volutr
r~r~ly and w~thaA any compu[sion, constraint, apprehension~, for u of or trom !w iaid hviband.
WITNESS my hand md off+cial ~eal thi: d+Y ~ ]~0~1/9
A. D. 19 70
~ ~ tsry publit n f the Stat~ of
1 ` i l.,
My Comrn~ssion eapires: 1/_~_ ~
Return Ta 7 , •;..i.i•.~ l,
ROtitrt l!. 1ii11stanl~~ . •
Fint Federal Savings 3 Loan Assotiation ; ~r~ ~ .
Of fort P~erte- ' " '~~g y
fort Pierte. Florids . ~r'' : _ -1~ 1C:
. _ , - > r Q• •
. • j `.-~!'?~Q.t -
: ,t~.~~ ~
' - - ~r i.yi ~ <<~ ~i
~ i ~ ~ . ~s . ~ . - .
This Instrument Prepared By J. D. Chastain
First Federol Savings b Loan Association ` ~r C.,; ~
of Fort Pierce ~ F10!'ida ~ ~i,,'~~
Checked By ~ ~ ROOK ~C70 PAGE 875
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