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HomeMy WebLinkAbout2476 ~ . . ~ To plaq .nd contkwously kNp on th~ buildinps now a hN~ahK ~iwaN on saW land srd on ~ff putp~e~t and pawnally covMd by ~hts narp- p~, with a!) prNniwiq th~~~pn prid M IYII~ ~It~ i~wu~c~ in tlw vwal tt~~d policy fprny in • wm •pprowd b~ tM MORTGAGEE. ~nd wind~tpm w+w.«?a ~n ~h. ~ u.~d..d pa~cy f«rn, tn • wen +pprowd by ?M MORTQAGEE. ~n wch co~+~r o. co~.s a ra. ~oat~?c3Ff ~+.y dtnd~ and all fk~ and winebarn~ liawana pdic~s on any o( ~id build'w~pt„ ~ny InNra~ tMr~in or p~rt 11+Hwi. in th~ ~re~at~ wm ~faNaW w M~ ~xaM tMnof. sh~ll owNain tM vawl uandxd matQspM dauw a wch oti~ clws~ u tM 1MortpapN may ~pu~n. matlnp tM lou undM sa~d po1E ci~s. ~ad~ and ~vMY. MrabN w said MORTGI?GEE as in in~K~at m~y app~a~. and sach ~nd tw~y svch policy ~ha!! be panptly ps:y~ad. ar?d d~liv~.~d ro .ny h~ld b~r ~afd MORTGAGEE as fwrh.r •.cvrity ro said morroa~. d.b~. and, oa 1.ss Man an l10) days in advnc. oi ~h. •xptraan of ~ach policy. ro dr liw~ b utd MORTGAGEE a?~wal thawf, top~tha with a nsi~pt ta tM pnmium of wch r~wilj and ~Mr~ ~11 b~ no tir~ a windsrwm inwr~nc~ ptaad a+ ~ny ol saM b~ild'a+p~„ ~ey MtKat tMr~in o~ pi?t tl~~of, w~ss in th~ form ~nd wi~A tM las pay~bl~ a aforaa~d~ ~nd in tF~ ~vMt any sum of mwwy b~cw,nM p~yable u~~ wch policy a pol~cMs said MOItiGAGEE ~11 Mw rM oprion to no~iw .nd ~pply tM wnw on ~ccount of tM ind~brad~ Mss Mcw~d hM~by w b pNmit Mid MORT~s/IGORS fo nwiw and vN if p~ny parf fMreot for othe~ purposea, wUlaut lhareb~ waivi~~y ot unpair- ikia r~d. o~i f~il w d•livKh~ und.. a by vtnw of ~hb mortp+~.j a~+d in ~h. •vser ,ad MORTGAGORS ahall for .~y r.aso~ fail ro keap rM s.~d p..mises a - P~a^~Pi~Y +~+Y o~ s+id Politi~s ol i~uw+nu fo s+id MORTGAGEE. a f~il pranptly ro pay futfy ~~y pasmium the~efot or in any respat f~ll b pKform, d7uAarps ex~cut~ +ff~ct, oompb?~, comply wirh and abkM by tNf cnwnant, or any puf h~r~of, said MpRTG4GEE may plac~ snd pay fa wd~ Mfwano~ cr a~y put tFw~eof without w~ivinp or aff~ctkq any option, liery puiry. or riphl unda a by virtw of this Mortyap~, and tM full anaw~t of tach ~nd ~.wy wch paym~nt sMll bt NirnediaNfy dw a~d pyabb ~nd tA+!! bes? Intsresf fra» tM dat~ thersof umil pa~d ~t tM raa ol n~M p~. ca~wm pK ~nrn,~n and topeth~r with wch intKest sh~ll be s~cund by tM li~n of this mortp+~. 4. To p~rmit, owrwnit or wffK ~o wut~, fmp~irmenl or dete~iw~tan of s~id proFwty or ~ny pu1 11~aeof. S. To p~y ~11 and tinpulw th~ costs, chWp~a p~d expa+a~s, includinp a r~ason~bl~ ~nwney's f~ and oosts of ~trscn of title, incu~red a p+id at any Yrn~ by s~id N{ORTCsAGEE, because or in th~ ~vtRt of tM failw~ on tht ps?t of IM said NIOitTGAGOR to duly, prompHy u+d f~lly perfwm, d~scha~qa, ~xecvte. ~ff~ct, complet~, eomply Mrith and ~b+ds by wch and ~very tM stipulatioi?s, ap~eaments. conditioea, ar~d oovenants of aid promisswy note and thd morq~pe ~~ryr w eitha. ~nd said cosM, thuqes ~nd ~xpe~a~s, sach ~~d ~wry. shall b~ knmcdiatelyr dw and payablet whethe? o~ no1 thsre be notice d* m~nd. attampt ro coJted a wit pendiny: ~d tM full anwunt of sach and every wch paymant shall b~ar interest f~om ~M dat~ tFkreof uetil paid at th~ rate o( nine per ce~tvm per ann~m; and all said oosis, chsr9va and exp~nses irKUrred o~ piid, 1op~lher with such intcr~st, ~f?~II b~ secvred by tM lien of t!w 'e~ortp+p~• , b. That (a) Fn the ewnt of any breach of this Mo?tya~ or defavlt on t!r pan of ths MORTGAGpR. p(b) in ths ~vent any of said. tu~ry of rtaney henin nfa~red to b~ not promptly and fulfy paid within thirry (3p) days next ahe? the. same ieverally becomt d~e and payable. without dem~nd o~ notite. or (c~ in th~ event each ud ~very ths stipvlstioos a9~~emtnts, conditions and cawnanq of sa;d promissory note and th~s mortpaye any w eithar u~ nol iuty. pranptly and fuliy paform~d, dischsrqed. exacuhd, ~ffected, compkted, complisd with utd sbided by, then in aither a ~ny such ~wnt 1he said ap~ yregats swn menria~ed i~ said promissory note then r~inirg vnpaid, with inferest acuued, and aN nwneys secured hareby, shall becorn~ dw a+~d P+Y~ abk fathwith, a tMreafta. at tM option of said MORiGACsEE, ~s fully sed compt~tely u ii all of tl~e said sums of money were orpin~lty s~iput~tcd to be paid oe~ sucA dsy, anythinp in sa~d p.om~ssory noro a in rhq Ma~rrqaQe to the conrrary non~,~~h•rsnd~ng; and there~pon or thereafte~ at th~ op~ion of ~sid MORiGAGEE, witiayt nwice or d~marnl, svit at !aw w in pvity, the~dwe a thereafter begury m~y be prosec,ited at if dl ma?eys sewred hsreby had n»n,red prar ro in instin,iar?. 7. ihat in tM ewnt thst at the beginninp of or ~t ~ny Yun~ peedinp any wit upoe this Mortqe~, ot ro fore~ tt, w fo roform it, or to enfwc~ paymeet of any claims heraunder. said ~ApRiGAGEE shatt apply ro ths Gourt haviny jwisd+'cran the:eof fa /he ~ppantmeM of • Receiver, wch Court sh~ll Forthwith ~ppoint ~ ncsiwr of said mortpaged property all and sinpuiu, includ~ng sU ~nd i~npvlar ths incwns~ profits, iss~es and revenues from whatever sowee dKired, a~ch snd ~very of whicF~, it beirg ~xp~ressly ued~rs~ood. is hereby mortgayed as ii specifiulty srt fortA ard described in tAe ~anri~q ar~d habe++dum c4~ses hereoi, ark! wcb Receiver slwll h~w sll tM bo+d u~d effective fix~dions ~nd powen in snyvvise entruated by a Cour1 to a Receivar. ~nd ~PP~~ sh+~~.be m+de by wcA Cowt as a~ admitted eq~ity a~d s mana of absotute ripht ro s+id MORTGAGEIF. ~nd without rafererxe ro the ed~q~r+cY br &»dequacy of tl+e w1w of the property mort~syed or to fhe w~vency a insdvency oi uid MORTGAGOR w the _defendants, and that such renn, P?ofi». intane. iswes and roveou~s sMl{ be appliW br such Receiver ~aordiny to tM lien or.p~it~r of aid MORTGAGEE and the practice of svch Cawt. a. To dub. ~rM .~d t„ty P.~o.m, ~h,.9.. execut~. effect cw++pkte, comply with ard abide by esd~ and wery the stipubtiau. +p~ee~ner?ts. cond'itio~s and oovenann in s~id pramissory note and this mortysy~ sst fonh. 9. That in ths evem th~ owr?ership of the mort~s~a~d premi~es, a any p~rt thereof, beoom~s wsted in a perwn other th~n the MORTGAGOR. tM MORTGACaEE. its wcc~ssoa ~nd euiyns, maY. without eotit~ to fM MORTG/WR, deal with wch s~?ecessor or succeuor in interest with refe~e~cr to this "+oh9qe +nd tFre debt he*eby aea+?ad in the same mame? as with Mwtgagw without in any way vitiatirg a dischargirg the Mort9agors' liability herr u~de? o~ vpon the debt hereby secured, No sals of the pre,n;scs hereyy n,o,tg~ged and no forbearsnoe on ths part of tM MORTGAGEE w ih successon or +ssigns ar?d no exrensiw~ of ~~''e time fa the pay~.ent of the debt i~e~eby secvred piven b~r th~ MORiGAGEf or in wcc~saors w auiyro, sh~ll oparat~ ro nl~as~, d~scMrye. mod~fy chanpe or affsct tha org;nal liab~l]ty of the MORTGAGOR h~r~in, ~itMr in whole or in put. 10. It is specifKatly agreed_ that time is of the essencs of this contrsct ~nd that no w~iwr of any obl'~gaYan hereunder or o{ t{r obl{yaYan te- curcd h~r~by shaN at any time rl~eaher be heW ro bs a wairer of the terms lx~eof ot of the instrument secu.ed herby. 1 T. !a add~t;on fo the forego:rg monthly psymems of princ'pal and intcrest required by the p?omissory rlote secu~ed hereby, mortgsgcx covena~ri and aprees ro pay fo mortg~gee with ead~ monthlY paYrncM an add~rional wm est~mared by mortgagee fo he equal to 1/12 of the annual coat of the follow- iny: A-Ail real property taxes kvied or assessed agair~st tF+e above desaibed ~eal estate. B--Premiums on fire ind windstwm irnurence ~s herein requ'ued to be carried on the improveme~~ts situate on the sbpve dest~ibed premises. C-Premiums on svch monqage guuanty i~suranc~ u mwty~gee shatl f~om t~me to time deem fit to carry on the ban secured hereby, Mortgagee shall from time to time nor~fy mwtgago~ ;n writing of tFro amount dve and payable hereundcr and such wm ihall thereupon be due +~d payabls on the due dste of the next monthly payment and each successive month therc~fter until morissgee shsll notify morlgagor of a chanpe in such amount. S~ich wms shall be applied by mort9spes toward the payment of real property bxes, i~wra~te prem:ums, and mortgage gvaranfy i~sururc~ P~~- IN WITNES$ WHEREOF, the ssid MORTGAGOR FWS hereunto set his hand ~?d seal the day and eu fint ~foresaid_ S~alad liwr~d 1M pres~ece of: ~ ~ ~1~ ~ ~ eona V. oore. a Wido~ r~.~ ~ _ • h STATE OF FIORIDA ~ couHnr pF _ St _ Lu c i e ~ s.r,.. a.~,,.,w Leona V. Moore a wi dot~ y~ sac~c~ex~o weu lu,ow~, .~a kr~owe~ w ms b b. tM individwp[ desaibed in ~nd wFa ~:acvt~d th~ fo?e~oiig instrwmnt and acknowtedp~d befon m~ that ~fxecwed th~ same for tl~t pvrposa rtk.ein ~pr~s~ed. ~Reeeelw~a~ - %~7~7~@ti7fsTidC N 7il~7l9[4M4~lH29ClQfC9Q94047~D[DCl4AK~DlA,1 ~iU~OCQ( ~ . w+rr,~ss m,, ~d ~c;,i ~,i ,t~ a,,, ~ De cember w. a. ~9~ ~ - - - Ww. vb~ic in «~d ro. rl,. St,» ot N«id. n laro. RMrrn Ta My ~xpry' First Fyd~ra) Sarags i loan Auxiatan Of fort Pcerce. (iuTaAll Pa~~IC. SiA~E Of ftARtrA ~T, s. ~ .wr COMMISSION EXPIRES NOY• iK ~~=~t, . •f:... Fort. Piesc~. Flwids .u»r,EO n~xoucw raeo Mr. n~e~Ti,(.!~ ;nn~~ r . ~ ~i~,' ~ I~,!/~YY = ' 0 ANDCaI~M~1 Y~. w, . s-'' ~ x : 1 C~~S. r,,r, . ~ ~ ~ ` ~ Y ~~~9 pa ed 8Y J. D. Chastain Rro~TA~?f V>,: This lnstrument Pre r `~~~C~ ~ ~ First Fede~al Savings b[oan Association ~ y: z,, ` ''1~ ` of Fort Piercq , Flori da ~ ' = ~ • _ ~h~~ By Q~c 1 i !1 ~ ~1'~1 . . _ • : . ~r - ' ti~, v . ~ 2a1993 - _ ~ ~ + . _ o ~188 ~E247 . , ~ ~ : - . ~ r ~ la t,;~ z - - - _ _ ~ c= ~ i. ~