HomeMy WebLinkAbout1966 , + ,
to piaa ~nd contkwo~sly ke~p on tM bvildinp~ now a Aa~ahN ~itu~M on ~aW I~nd ~eid oe~ ~II puipm~nt ~nd perwnally covNed by Ihis matp~
~0~. r+i~h Pr~mjwes ~AKwe~ ptid in fvll, fir~ insv~~nc~ in iM uwal stu+dard policy fotny M•~wn ipprov~d by tM MORTGAGEE, ~nd wte~tarm ~
insw~na tn th~ uswt u~rd pol~cy form. in s wm approwd by rM MORiGAGEE, b wch cwnpany a compani~s q tM MORTGAGEE n+ay
dir~ct~ and all ik~ ~nd vr'~ann insurano~ polici~s on any of Mid ifVIWM10f. My IRtNpt flNtfN1 OI ~It fF1f~~Of, in tM pprepa~~ wm ~faaaW or !
M~acNS thK~oi, ~hall ca+tatrs th~ ~swl uu?dud monp~ ct~uN a~uch otMr clws~ ~s tM MatyspN maY nqvin. makinp th~ Iws und~+ sud po1F
cHs, ~ach ~nd wNy. payabl~ a s~id MORTGAGEE a in inte~e~t m~y app~a?. ~nd Nch .nd ~w.y ~uch policy ~hall b~ promptly us.9~d ~r~d d~liwrad ro
~ny htld by qk! MORTGAGEE ~f ~urth~r stcvrit~ to aid mwtpap~ d~bt. ~MI. flpt IfM tF~M tM (IO~ ~yf ill ~v~nC~ O~ tIy tkPiNt~Ofl Of ~ad~ policy. to d?
tivN to ~aW +MORiGAGEE ~ r~ewal th~r~of. top~tMr wl~h • r~uipt fw th~ pnmiwn of wch r~new~lj and tMr~ ~II b~ ~o f'u~ a winds~am tnwranc~
pl~pd on ~ny of wid b~ildinps, ~ny 1ntN~u tMr~ie or p+rt t!?K~of, vnbsf in tM fwm ud with tM loa payabl~ as ~fw~aa{d~ ~nd in tM twnt ~ny tum
of mw»y b~eeeMa p~yabM w~d~~ w~1, po(ky a polieia taid N10RTGAGEE ~MII haw tM option ro nuiw and ~pply th~ swr» o~ auount of th~ ind~b~e~
?+~a New~d Mrsb~r w b pwmN s+id MpRTG/1GORS fo netiv~ ~nd ua it a~~y pu~ ~therwf fa other p~rposes, w~~hout tAa.eb~ wai~i~.y or unpair-
ir?p any pvity. li~n a ~ipht or by vktw of Mis mortp~pet M!d In 1M ~weN s+id NIORTGAGORS ihall fo~ ~ny rtawn fail ~o kaep tM said premise~ w
insw~ p~ 1~11 fo d~livw prompNy any of said policl~s of ios~ru~t~ ~p Nid IWpRTGAGEE, or fail promptly fo pay f~lly any pr~mium thaefo~ w in any
resp~ct f~i~ q p~rfwny dixhupt, ~zecuq, ~ffett, tompl~te. tomply wlth and abid~ by this cow~anl, a~ny p~n F~~of, said MpRTGAGEE may pl~u ~nd
P+Y fa wch Irawanc~ w~ny part ttwwf without w~tvinp or ~N~cttnp ~ny option, li~n, puiry. a~ipM und~r w by virfw of this Morfpap*. ~nd tM
full amo~nt of each ~nd ~wry such p~yrn~nt shall be iexnediataly dw snd payabl~ ~e?d s1u11 bei~. iarereit from th~ dat~ Menof uo~il paid ~t th~ raN ol
nin~ psr camwn p~ annum a~d topetha~ wi~h wch M~rae~t shatl bs s~cured by th~ li~n of this mort~a~.
4. To pKmit, aonwrdt w suff~r ra wait~, lmp~irmeot a detaiwation oi s~Id popKty or ~ny part thereof. .
S. To pay ~tl aod stnput~r tM coats„ c!?~rpt~ ud ~zpMSes, inctudinq a raionaWs aftorney's fe~ and costs of ab~trects of titte, i~cvrred or p~W af
any tima by said MpRTGAGEE, b~causs or in tM evenf of tM failwe on tF?~ pan of tM uid MORIGAGOR w duly, promptly ~nd fvlly perform, discha~;
exec~t~. ~if~, compl~t~, comph with and ~bide by each aod everyr th~ stipvla~~wn, ayreemenn, condi~ions, and~oovarwnn of sa~d p.om~:sory no~• and ~hu
no+tyape any q ei~h~r. and sa;d coin„ cMrpes and expar?se~, each and ~very, sMll b~ immediaroly dw and payable; whether a++ot ther~ be notiu dr
mand, att~mp~ ro collect or wit p~nd~~gj ~nd th~ full ~mount of ~ach and every wch paymenl shall bear intmeit from tM dal~ thereof w?til p~id at tMe
rate of nir~e per centum per ~mwm; and ~U said costs, charyei ar~ expense~ incv~red a paid, topetMr with such iMerest, tAall b~ secured by the lien of tha
mortp~.
6. That (a) in the ~vsnt of ~ny bresch of thu Mortya~ or default on tM pan of tha MORTGAGOR, or (b) in the event any of sstd suma of rtwn~y
herein r~ferred to bs oot prompHy and iulty p~id withi~ thirty (30) days next afte? fhe seme aveaally become due snd p~Y~bl~ withoul d~rt~and o~ notict.
ar in tM event each ar~d every the stipulations, ~g~eemeots, conditions +~d coven~nti o! ss~d promissory note ~nd th~s mwtgage any o~ titl+er ar~ ool
iuy, promptly and fully p~rformed, d;scl?~rged, e,eecuted. ~ffected. compteted, compl~ed with and ab~ded by. then in eithe~ or ~ny such ewet tM said ap~
qreqat~ sum mmtiw~ed ir~ said p?a,,;uory nete tben remai~in9 unpa~d. wi~h interes~ acuued. and all mo~eys setured hereby, shall becwn~ dw snd psy-
abl~ to~thwifh, Of fF1lfHftN~ ~t Ihe,option of said MORTGAGEE; as hrlly s~d complerely ~s if •11 of the said wms oi money were aiginally stipvl~~ed
to be pn~d on svch day. anyfhiny in sa;d p.om~ssory note or in rhis Mortpa4e to the con~nry norw;~hsrand;nQ; and thereupon o? thereafter iM opuon of
s~id MORTGAGEE, without not~ce w demand, wit at law or in ~quity, th~re(ore or thereaher begun, may be p?osecuted as if sll nwneys sacured haeby
had m~twed pnw fo iq institvtion.
7. TMt in the event that ~t ths beginning oi a ~t ar?y time pe~ny snY wit upon this Morrgage. d to faeclose it, a ta reform lt a fo enfores
payment of a~y daims he.eunder, said N1pRTGAGEE sh~ll appty to the Co~rt h~ving jurisdK~ion thereof iw the sp~w~ntment of ~ Receiver. wch Couh shill
f«thvriM ~ppoint a receiver of said enortpe9ed property all ~nd sirgulu, includ~np all ~nd singulu tF~e income, profib. issues and revenues i~om what~ver
souru de~ived, each +nd every of whkh, it beirg ~xpressly understood, ia hereby mwtyaged u if spec~fiully set fath and desc.lbed i~ the 9ranrirg and {
habendum clauses hereof, and such Receiver sh~ll Mve ~II the b~oad and effective funct~ons and powen in snywise e~t?usted by s Cou.t to ~ Receiver, a~d (
such appointmcM shall be msds by uxh Court ~s an admitted equity and a m+trer of absolute ai~ht ro said MORTGAGEE, ~nd without referente to fhe ~
e equscy or i ~aty of the v~lue of the ecy o? insolve
properry mort9+~ed w to the sohre ncy of sa~d N1pRiGAGOR o~ the defendann, and tha~ such i
reros, profin, incane, iuues and ?evenues ~11 b~ appl;ed by such Receiver accord~ng to the lien w eq~ity of said MORTCaAGEE ~nd the prictict o{ such
Court.
8. To duly, promptly and fv11Y Pe~form. cFpch+roe, execute. effect. complete. comply with and ~bide by esd~ and every tM stipulations, ~preerneets,
conditioro and mveoants in sa~d pro~wssory not~ and this mort~age set fanl~.
9. ihst in the event the ownenhip of the mat9ayed prem;ses, or any psn thereof, becomes vested ie a penon orher than the IyWRiGAGpR, th~
MORTGAGEE, its successors and assigns, may, withow notice to the MORTGAOR, deal with such wccessw ar wccessor in interest wirh refere~ce fo this i
morty~ge and the debt hereby secvred in the same m~nr~ as with Mortgsgor without in any w~y vitiatwg w dixhuging the Mortysgws' fi~bility here-
under or upon the debt hereby secwed. No wle of the premises he~eby rrw,tyaged and no forbearance on the part of the MpRTGAGEE w ih wccesio~s
or sssig~ and no ex~ension of the time for the p~yment of the debt hereby secured 9iven~ by the MpRTGAGEf or ib wccessors or ~ssiyrq, sha11 operat~
ro rc~ease, d~schar~e, modify change or affect the oriyinal liabiliry of the N~ORTGAGOR herein, either in whole w in put.
10. tt is spec~ficatty agreed that time ia of the esser+ce of this contract and thit no waiver of any obqgat;on he~e~rnde? or of the obliyation se-
cured hereby ihall at a~y time thereafter be held to be a wsiver of the terms hereof w of tl+e irntrwnent secured herby. ~
11. tn addition to the faego:ng nqnthly payments of princ'pa) a~d interest required by tF?e promiuory rwre secured hereby, mortgsgor cpvenany
and sgrees to pay to mortgagee with eatF+ monthty payment a~ addi~ional ivm estimated by mortgagee to bt equal to 1 jl2 of the annva! cosf of the fdlow-
ing:
A-AU reai property taxes kvied a assessed against the above described real estate.
B-Prem~ums on fire and windstorm insurance as F+erein requ~red to be carried on the improvemeiq sitvate on the sbove desuibed premites_
C-Premiums oo such mortgage guarany insurar~ce u mortgagee sha(I irom time to tirtie deem Fit to prry on t!~e bart secwed he~eby,
Mwtgagee shal! fro~ri fime to time notify morfgagor in writing of the amount d~e and payabk hereunder snd suth wrn shafl therevpon be dus and
payaWe on the due date of the next monthly payment and each successive month thereafter until mortgsgee shall notify mongagor oi a cfisnge in wch
amounl. Such aums sF.atl be applied by mwfyagee toward tl+e payment of real property taxes, inwrance prem:ums, and mo?t9aQe ywrinty inswu~c~
prcmiums. ,
IN WITNESS WHEREOF, the uid N10RTGAGOR has hereunto set his hand shd seal the day and yeu first a{aesad.
5~~+ d, s~a~d a d detiwred in the pre~ce of: f~E8 ANO RECpR
a~ .~2Z~~~ ltlCt[ COtINTI? ~ 1~'1~ ~%'7'Y~n'!~/J'J~
~EA POITIt~t W B
~ ~in~lL- Q_P n
11ECQOtRD YERI~FjEp t ~
te a rean ammon
STATE OF fIORIDA , ~ ~ ~ ~ A ~
couNTr oF St. Lucie } u' 2~16`~~ ' ~
e.fa..m. pe~,«u~W „pp.,..a 1~?. B~ Hammond ~
ind
Stella Orean Hammond w;f~, k~~ ~ a~ a~
the Ind~v~dwb d~s~ribed in and who ~xecuted the fweyoirg instrvmaot, arw+ acknowtedpad b~foro me that they axecuted the same fw the purposes ~
?~•e~.~.~..a. ~,a n,...;d ~Stella Orean Hammond ~ ~
wifs of tM sa~d - W. L~. Hammond ~ a ~t~ ad a '
p.rv a
exsmiMfan by me uken separste and apart fran her said hus6and, ackr~owlcdped to ~,x! 6e(a~ ~ tfwt she execvted said instrume~t tr~1y and vo1w~.
tarily and witbovf ~rryr compulsion, constrsint, ~pprehension, a fear of q from her s~id h~~bsnd. •
WITNESS my hand and official seal thu,_____T4¢--- d+Y of D C9 6 A. D. 19~
~ ary Public in ~nd for th~ Stat~ of Fbrida ~t l~r~
My Comm~ssion ~e~x~u~s: ~
Return Ta r.u~~~p~~~ N:?" L' tTATE Of FLOlIM A1 tA~E
First ftd~rd Savirgf 8 ioan' Astocistion :Z ::`~y ~~Y •fV EXPIRE~. $EP~ Z{~ isn
~f FO11 {~i!!C!. 1 V ~1+~~~j : , ~~..f~~ ~ ~ ~
? ~r ~~j'L_~S .
fort Pierce. florida ~ ~i '
~ tt. a 1L1 C~ .
~ , _j~}~5(] ` •
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~-~~~-i~:''~ St'; . •~y""-
M~,}p~_+., . : ~ ~.,_C: . .
This Insfrument Prepared By J~ ~~`~~~j, ~
First Federal Ssvings b loan Associatiom:,•~~ :l_ ~Q~•'•,~~-' _
of Fort Pierce Flol~i d8 ~ % • - '
1 ~ ~~~w:J,o:.r_. . ~ . u ~
',,~~~~~tItlJ~~f~+~'` , ~.'..irS . .
Checlced By ,
a00!(
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~ ~ •w - - . ~ ~
r ~'r'~~ ty ~
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