HomeMy WebLinkAbout2824 To pl~ Md contirwovsly kNp on th~ bui;dinpa now p h~r~~tta utv+N o~ sa~d land ~nd on NI kuipm~m a~d p~non~lly cove~~d by thi~ mwp~
p~. wi~h all prM,iwm fl~~a+ p~~d in fvli, Iiti inswu~c~ in ~M vwal ~und~rd pol~cy fam, in • sum ~ppoved by ~h~ MORt(',AGEE. a~d wi~~an~
i~aww~cs in tM vsual uandard pol~cy fam, in a wm ~pp~owd b~ ~k~ MORTGAGEE. in wcA company a canpani~s ~s t1» MORTGAGEE nwy
dMAS~j rnd ~11 fk~ «+d win~ba.m hnw~na I~ici~s on ~ny of s~id bwld~np~, sny i~Nnu thNtfn a pan Ihawl, in Mr pp.ep~~~ w~* ~lores~id o~
1n ~xeeu ~Mnol, ~hall comain ~M uswl s+a+d~rd nw.pp~+ cl.,n~ a wd~ ahK clwN ~s tM Matpapa~ n+ay nquw~. nw?iep ~M loa und~. ud po14
ci~s. ~acA and wM?. WY+b4 b s~id MORTGAGEE a in ie~K~s~ nwy app~a?. and e~ch w~d wery wd~ poficy ~hall b~ p.aeptly ass.yoed ~nd delivN~d ~o
.nr M1d by s.d MpRiGAGEE .s furrh~r .~cw~t~r ro•aid ma~Qap. d.W, and, nW Iqs tMn Nn (101 days in advua~ 01 1M ~xpwdion of tach polity, ~o d~.
liw~ ro w~d MORiGAGEE •~~wa1 IhK~of. ~op~~lw~ witl? ~ ht~ipt fa tht p~~mivn~ of wch r~w~lj ~nd ~hen ~hal1 b~ no ftr~ a w~nds~am taswanc~
pl~pd on any of said buildinps. ~ny interat tha~in a p~r~ tMhof, unless in tM fam a~d with th~ bu pay~ble as ~~a?saidj and in th~ ewM ~ny wm
~^~Y ~~»s P+Y~ w~ u+d+ po~icY a polici~s aid MORTGAGFE shall Mw tM oprion to ~~ceiw ~nd ~pply t14 sarne on ~ccouni oi th~ k~d~bted~
~»a sKw~d M.~by or a pe~mit wid MORTGAGORS lo nniw and uM h w~ey pa~~ ~herw/ fa other pu~F,osea, wi~hou~ ~hr.~o~ wNv1~+9 0. anpair-
inp snY pvi~y. !iM w righl unde~ a by virtw of lhis mortpapes ~d in t!» ~wnl ~aid MORTG/1GOR5 sM~l fa ~ny ?~awn i~il b keep tM ~id pr~e?ises so
insured. p fall to d~livK prompfly a~y of said policies of IMwant~ fo s~id MORTGAGEE, w fail promptly ro pay fvlly ~~y premium ther~fw o~ in any
r~sp~ct fall b pafwin, d'~xharp~. ~a~cut~. ~ff~ct. compl~t~. comply with and abid~ by thi~ oovenant, o? any psrf hs~~oi, said MORiGAGEE ~y plao~ u+d
paY fa such Gquranc~ w any pan tM~wf witAout walvi~p a afi~inp ~ny op~iory li~n, squity. w riyh~ und~r o~ by virfw of ~his Matyap~. ~od ~M
full amount o1 each and ~wry s~ch p~yment shall b~ imm~di~tdy dw u~d p~y~bb ~nd sh+ll bear intKeit from tlr~ dah therwf until paid ~t tM rah ol
nine pK cYnh?m p~r annwn Md toyether with such int~re~t ihall br secund by tM IiM of tha mort9ape.
1. To p~rmit, eommit or wffK no wasq. i~np~umcnt a deterGaatio~ of said propKty a a+y parf tM~wf,
S. To pay all snd sinpular th~ costs, cMiyes ~nd ~xpNws, includirg • reasonabl~ ~ltorney's fee snd co~ts of ~bstracn of titl~, incvrr~d a p+id at
any tim~ by said MpRTGAGEE, b~wuse or in the ~wnt of the f~itwe on tM pa~t of ~hs uid MORTGAGOR ro duly, promptly and fully pea4w.n, d:xharyR
rxecvte. ~ffect. complets, comply w~th snd ~b:d~ by each u~d every the stipulationa, ayreernents, condi~ia», ~nd cover,anri of u~d prom~:sory note and ~hii
mortyapa any o? ei?F~. ~nd sa;d cosy, clur9es a~d e:pcnses, esch a~d every. sMll b~ immediately dw ~nd paysble: whether a not there be no~ice de~
mand, attempt to cotlect or wIt ptndi~t and tFw fvl! arnount oi each and ewry such paymenl ~hatl bear interett from the date thereof until paid at the
rate of nine per centum per uwwm; and all said coats, charqts ~nd exp~nses incwr~d or paid, ~egether w~Ih such iMerest, shall b~ sacured by the lien of thw
mort~aap~.
6. That (a) io the evee?t of any breach o( this Mortyapa or defavlt on the paA of the MORTGAGOR, or (b) ln the ~vent any of said sums of money
herein r~ferred ~o be na promptly and fully piid within thirtY (30) days oext aftsr the same severally become due ~nd payable. wi~how demand or notice,
or (c~ in the event e~ch ud every the sfipulatiwq„ sgrecmenq, conditions ai+d coven+nts ot satd promissory ~?ote and th~s morrya9e any or atha are no1
iuly, promptly and fully performed. d~xt?ar~ed, execvted, effected, compl~ted, complicd with and abided by. then ir?. e~ti~er or any such ~wnt tM said a~
preyate wm memionad in said p?omissory note then remainin9 ~npaid. with interest acuued, ar+d ail moneys secured hereby. shall becorr.e dw and p~y-
abta forthwith, or thereafter, at tM oprion of said MpRTGAGFE. a~ fvlly and complately as ii stl of the uid wms of money were aiginaUy atipvl~ted
to be paid o~ such day. anythinp in said promissory nofe w in thK Mortpage ro the contrary notwi~hstsnding; and thereupon or thercafter st tF~e op~ion of
ssid MORTGAGEE. without ratice or dem~nd. wit at bw w ie aquity, tlxrefore w thereaftcr begun, may be p.oKCVted as if aU naneys secured haeby
had mifuted priw to iri institution.
7. TMt in the event tMt at the beginninp of or st sny time pe~+d'ing ~ny wit ~pon tha Mortgage, w to fpeclose it, or to refwm it, w to enforp
PaYment of +~Y claims haeundc~, ~aid MpRTGAGEE iMll ~pply to the ~ourt haviny jurisdittion thereof fot ~he appointment of f RKliVH, such Co~rr shall
fwthwith ~ppoint a receiver of said mort9aped property atl and sirgulu, ir.cludug all and sirgulsr th~ income, prolita, isiues and revenues from whateve?
sou?cY derived. exh ~nd every of whith, it beirg expressly unclerstood, is heraby mortgaged as if speciticatly set fwth ~nd desuibed in Ihe 9rantiny and
habendwn davses hereof, ~nd such Receiver shaH h~~re al! tF~s broad and effective f~nct.ons and powe~s ir? snywise entr~rsted by a Cou.t w a Receirer, and
such appoi~tmen~ shall be mads by wch Cowt as an ~elmitted equity and a m+tte? of absdute right ro said NWRTGAGEE, and witlw~t reference to ths
adeq~acy a in~deqwcy of the valw of the property mortysped o~ te ~he son,en~y a;~sot~en~y ol sa~d INpRiGAGOR o~ the defendann, and that such
rcnra, profia, income, iisues and revenues shall be ~pplied by such Receiver sccordiny to the tien or squity ot sa~d MORTGAGEE and the practice of such
Govrt.
8. To dutY. promptly snd fully. perform. d'acMrqe, execvte, effed, complete, oomply wifh and abide by each and every the stip~tstions, agreemenq,
conditio~n and aoven~nts in said promiuory not~ and this mort~age set forth.
9. TMt in the event the awnenh;p vf ths mort9+ped P+em~ses, w snY put Nroreof, becomes vsstad in • person other than the NIORTGAGOR. th~
MORTGAGEE, in successors and auiyns, may, w;thout nofice to the MORTGAOR, deal with such wcceuor or avuesso? ;n ;nterest with reference ro tha
mortgage and rhe debt hereby secured in the s~ms mann~r as wifh A~wtgapor w;thout in any way vitiatinD w dischargirg the Mortgagors'~ liability hsra-
under w upon the debt Ircreby secured. No sa{e of the premises hereby mo.tgsged no forbearanoe on tM p~?t of the MORiGAGEE w its successon
w+u~gra and no exte~sion of ~he time fo? the payment of the debt hereby secwed yiven by the MORTGAGE~ or ib successors a au~yns, shall operat~
ro release, dischar9e, modify change a affect the.oriyinal li~bility of the MORTGAGOR herein, either in whole or in put.
10. It is specifically agreed thal time is of the esscnce qf this contract and thst no waiwr of any obl~gatio~ hereunder w of the obligatan se~
curld hereby sMll a1 any time thereafier be held to be a waiver of the terms hereof or of the irutrwnent secured herby.
11. In add~tion to tt+e forego:ng monthty payments of princ'pal and interese req~~.ed b~ fhe prom~ssory rare secured hereby, mwtgngor covenants
and agrtees to pay to mortgagee with each monthly payment an add~~ior+sl wm est~mated by mortgagee to be equsl ro 1/12 of the annwl cost of tFro follow-
~~y; •
A-Afl real property ta:es levied w assesscd agair?st the sbove dex.ibed re+t estate.
8-Premiums o~ fire and wirwdstorm iruwanu as F~nein requ:red !o be urried on the improvements situate on the above destribed pcmisea.
C-Pcemiums on such mortgage gwra~ty ins~?ance as mortgagee shall fram time to time d'eem fit to carry on the loan secwed hereby.
Mort9~gee shall irom time to time not~fy mwtgagor i~ writing of the amoum due and paysble hereunder snd such sum shall thereupon be due and ~
payabfe on the due date of the next monthtY PaYment and each succeuive month thereaher ~Mil mortgagee shall nof;fy mortgagor of a chanpe in such
amount. Suth sums shaq be applied by mortgagee toward tl+e payment of real property taxes, i~surance prem:wns, and mortgage 9ua?anty ir?swance
premiwns. •
WITNf55 WHEREOF, the said MORTGAGOR has he?eunto set his Iwnd snd_ 1 the day and yeu fint ~foresaid, ~
kd u~d ed in 11+e prea~nc~ ofz ~
FILEO ANO iIEC RD
ST. R~ER POi'filAt~~ ~
CtERK CIRCUIT C011RT h
~ECORO vfa~F~EO ~C ~-n
~-n
STATE OF FLORIOA 's t~ 4~ ~O ~0~~~
COUIYTY OF St • L.11C7.@ ~ '
e.f«. p..,w~.~w ,~...~d _ Arthur C. Serflinq, a single adult, ~
~ ~Yi{e, to m~ well known ~nd known to me to. b~
~he i~dividu+b desuibed in u+d who ~:ecuted the for~yoinp initrvrrKnt, and acknowled~ed befw~ me t1Wt~hqr executd the ssme fw ths pwposa
therein ~xpressed. And~lirw.~ ~
~+!(t ef~fAr tde~~ ~p~~yb ~~{.~riratt
t~ww~www ir iws M4ew~eZ~~ Md.~r~ f~w. hs~ ~i„i~,~. ~'~,y ~w~aw~ir~ii ' ir
?a~iiy.~wiwid~..~wlr~+l~ro~warairM~M~f~~r-o~ss.iraRlw.a~ir.irr~a~i ~"~'~4 ~YydaaY~-
WITNESS my twnd ~nd official seal tl+:~ /a~`" day of December 7O
/1. D. 19
Notary Publ' and iw tM at~ af Ftorida at isry~
""y -~Q"". ~~c.'_ 6, ~ 9 7 /
Return Ta.
-
Fint f~der~l Savinps i Loan /latoci~tion ;s~;
~~tNl
Of Fort P;erce. ~~iZ~~~ ,ti1~~I ~~r
~ Q~i, Stak o! florida ~t Lxqe
Fwt Pierce. Florida .'~'~,~'l~ f•~• (qa:~7~tsiW11 Ei~IfEf AYQ. 6. ~9n
; ~t ~ I.~y F. ~ ~
r! ,f_ ~M~ b Aarw f~e i G+ri~ C~
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e<<x~? ~it .
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This Instrument Prepared By :rm. fi. Braun ; . ~ : ~ .
First Federal Savings ~ loan Association ;ti ~
of fo~t Piercq Florida '~~'r Q~:~y+~:~'
-n ; 0 ~
Chedced B ~ ~ 0% :....••p ~.~'r-!~'
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Y y0~^`~-~ , I~~t,Q ;~;~~\~r
~ d~ 188 ~GF28ig - _ . -
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