HomeMy WebLinkAbout0201 7. To plac~ a~d conti~yp~ily k~~p on ~M bu~'.dinps now or harea(t~r situaf~ on sa~d larx! and on ~It equtp.~en~ and per~un~lty coYerrd by Mi~ ma~q- ;
~qe, w~rh ~11 pr~m~um~ ~hereon pa~d in luli, fi~e inwanc~ u+ ~M u~wi ~ta~ds~d po~~ty lo~m, i.~ a s.,~n aHwo~ad br ~?w MOR~GaGEE, •~ui w~nd~ram #t
~nsw~nce in ~M ufwl ttandard pW~cy Iwm, in • ium ap~uovod by the MORTGAGEE, in such company or compsn~es as ~he MORIGAGEE may ' I
dind; and all fin and w~dttorm inwr~nu policies on ~ny of f~~d build~nqs, a~~ iNeresl Ihaem w parr the~eol, in d~e a99'afl~~r ~um afae~ald a ~ ~
in ~aceu thereof. ~hall conuin tlw uwal s~a~d~.d ma~ga~ c1~us~ w ivch aha cla~s~ as th~ Ntor~yagee may reqv~r~, ma?~np ?ne ~os~ unJr~ •e~d potF ~
des, each and w~ry, payabls ro w~d MORIGAGEE ~s iy in~erest m~y ~pp~ar, and eath u~d e.e,y •uch po~~cy fhall b~ p~pnptly a~~ 9ned ar,d defivered eo ~
any heW by said N10RiGAGEE as fur~her secvrity to said mor~yage dsbt, and, rwt Ns~ ~han ~a~ l10) days in adva~xe ol ~he exp'u~~~on oF each poIKY. ~o ds-
Gve~ lo said MORTGAGEE ~ ~enewal d?Neof, to~e~hp with ~ raceipt (w Ihe p~anium o( such re~+ewat; and ~here sh:+tl be ~a f,re o~ w~nd~ronn insurance
p~~ted on a~y of said bvildiny~. an~; inte~ss! tF~ere~n w pa~t thereof, unleu in tM (wm and wi~h fM lou payable as aia~uid; and in the ereM any sum i
et moneY becomes Payabl~ w~d~~ iuch policy w pol~cies said MORTGAGEE shall Mve the opt~cv? 1o rKeive and apply the sarne on account of ~he indub~~d
rxss ucu~ed i?e~eby w M pa~mil said MQRtGAGORS to retaive ~rd ust it or any pa» 11~reol for otner Hu~t~oses. .v,ii:c~t th:•~ur ,n~~~~,~ o~ ~~~~pa~.•
irg any equ~ty, lien p ri9ht under p by vi~tue of this mo:sga9e; ~nd in tM event sa~d MORTGAGORS shall (a a~y reason (ail to keep the said prcmisrs so
insured, p fail b delive~ p~omplly ~ny _of said policira of insuruKS to s~id MOR~GAGEE, or iail prompNy to pay F~Ily any p~emiurn the+efo~ os in any
respect fail to ps~la~, d;xharpe, exetuts, effed, complete, comply wi~h ~ed abide by thi~ covenanl, w any par~ hzreo(, said MORTGAGEE may place ~nd
pay fa such insuru+ts w+ny part thereof without waivinp w afiectinp any option, tien, equ~ty, or r~ght unda w by virtue o( this Mo~~gage, and ~he
fult amount of exh and ev~ry ~uch paymeet shall 6s imrnediately due and payable ~nd shall bea? interes~ (rom ~hs date thereof until pa~d at ~he rate ot
nine per tcntum pe~ ~nnum and toge~her with uxh interest shall be tec~red by 1M lien of thit morty~ge.
To p~rmit, commit w suffer no wu% impa'ument a deteraratio~ of isid property w ~ny pstt thereof.
S. To psy sll and singulu the costs, char~es and eapenu~, including a reasonalsle attwney i fee and costs of abstracts oi titte, incurred w paid ar
sny time by said ~NORiGAGEE, because or ir~ the event of ths failwe on the part of the said MORTGAGOR ~o duly, pranptly snd fully perio'rm, d~scharge.
execute, ~ffeu, complete, compiy with ~od ab:de by each and every the stipula~~ona, agreements, corxl~~ions, and covenants of said prom~tsory ~ote a~d ~his
mwl9ay~ a~y or either, and sa~d cosb, chuges and expense~, e~ch and every, shall be immediately dve and payable; whether o~ not fhere be nor~ce de
mand, atttmpt to collect ot wit petxl~ng; and the full amount of each and every suth psyrtKnt shall bear intere:l from Ihe date rhe.eof umi! paid at Ihe
ra~e oi nine per centum pet annum; and all wid costs, charges and expe~us incurred or paid, logethe~ w~th such interest, shall be secured by the lien of this
mortpage. .
i
6. Tl~st (sj in fhe evenf of a~y breach o( this Mortgag~ w default on the part of the MORTGAGOR, w(b) i~ the eve~t any of satd sums of money
herein referred to be not promptly and fully paid within thirty (30) days next afte? the same sereratly becpne due and payable, without demand or notice. ~
or (c) in the event each and everyr rhe sripuJations agreamenls, conditions and covenanta of sa~d p+omiswry note and ~h;s mortgage any w either a~e nol
iuly, promptly ~nd fvlly pecformad, d~scharged, e:ecuted, effec~ed, completed, compl~ed wi~h and ab~ded ~iy, ~hen in e~~her a any such event the sa~d ag
gregate wm meNio~ed in taid prom;ssory note the~ remaining unpa~d, with interesr aar~ed, and ail mo~eys secured hereby, sha11 become due and pay-
able fpthwith, or thtre~fter, at the option of said MORTGAGEE, ~s fully and completely as if aIl of the said sums oi rraney were wginally st~pulafed
to be pa~d on wch day, anything in said promisswy note w in this Mortgage to the cen?rary notwi~hslanding; and thereupon « ~herea(ter at the opt~on of
said MORTGAGEE. wiTFIM~t lWlKf OI demand, suit at law a in puity, therefwe w thereaiter be~un, may be prosecu~ed as if all rnoneys secured FKreby
had matwed prior to in irn~itvYan.
7. That io the event that ~t the beginning of w ~t aey time pending_~ny wit upon this Mwtgage, or to fweclose it, or to refwm it, or to enforce
paymN+t of any Naims hereur~de~, said MpRTGAGEE sl+all apply to t1+e Coun having jur~sdK~~oc~ thereof fo~ the appantmenl of a Receive~, such Court shall.
Eorthwith appoint a rece'ner of sait! mwtgaged ptpperty a!1 and singular, includmg all and singular Ihe income, proi~ts, issues and revenu¢s from whatever
source derived, each and every o( whKh, it 6eic~ expreuty ~ndcrs~ood, is hereby morrgaged as ~f speufica!!y set (or+h and deurlbed in ihe grene~~u1 and
habendum davses hereof, and such Receiva shal! have all the broad and effective func~.ons and powers in anywise emrusted by a Cour~ to a Receiver, and
such appointment shall be made by wth Covrt as an admitted equity and s malter of absolute right to said MORTGAGEE, and without reference to the
adequacy or inadequaty o! the ralue of the propeity morlgaged or fo the sotvency or insolvency of saed MORTGAGOR p the deiendanrs, and that such
renu, profib, income, issues and revenues shall be appiied by such Receiver atcord~ng to the lien or equity of said NIORiGAGEE and the proctice of such
Court.
8. To duly, promptty and fully perform, d~scharqe, e:ecute, eifcct, complete, comply wi?h and atirde by each and every tFro stipulations, agreements, ~
c~nd'etions and covenanrs in u~d promiuwy note and tfiis mortgage sef torth. ~
9. That in the event the ownership of the mortqaged premius, w any part thereof, becomes vested in a person other than t!x MOR7GAGOR, the
!AORiGAGEE, its successors and auigns, may, without r+otice to-the MQRiGAOR, dea! with s~ch successor a successos in inseresf with relerence to this
mo~tg~e and the debt hereby secured in th! same manntr as with Nbrtgagor without in any way vifiating or dluharging the IAorlgagors' liability hero-
under or upon the debt hereby secured. No tale of the Fremixs hereby mortgaged and no forbearance on the part of the IAORTGAGEE or its s~ccessors `
o~ assgns and no e~~ension of the time fw the payrrKnl of the de~t hereby secured given by thc MORiGAGE'_ or i~s success~ra w auigr?s, .twll operate i
ro rclease, dixharge, rnalify change or affect the orginal liability of 1he MORiGAGOR herein, tither in whole w ie part. '
10. H is spec~fically agreed that time is of the essence of this contrac~ and tFut no waiver of any obl~gat~on here~nder or of the obligatiw~ se-
cured hereby shaN ar any time thereaher be held to be a waiver of the terms hereof w of tFK instrumem secured herby.
11_ In add~tio~ to the forego:ng monthly payments of pri:K pal and interest required by the promissory ~o!e secured F~ereby, mor?gagor covenants
and agrces to pay to mortgagee with each mohthly payment an add~rio~al sum est~mated by mortgagee to be ~ual to 1/14 oi the annual cost of the~foftow- f
in9:
A-AN reat property laxes kried a sssessed agai~st the~ above ~'escribed real estate.
B-Premiurns o~ fire and windstorm insurance as herein requ~red to be carried on the improvements situate on the above destribed premises.
C-Premiums on such mortgage gwranty insurar.ce as mortgagee sha~l from. t~me to time deem fit to carry on the loao secured hereby. ~
Mortgagee shali from tGme to time notify mortgagor in writing of the amovnt due and payable hereund2r and such sum shall the~eupon be due and
Hayable on the due date of the next monthly payment and each successive month thereafter ur.til mortgagee shall notify mortgagor of a change in such ~
amouM. Such sums sFa:l be applied by mwtgagee toward the payment oI real property faxes, insurance p?em:ums, a:id mortgage aranty insurance
,~rpmiums. •
IN WITNE55 REOF, t said AApRTGAGOR has hereunto set his hand and seal the day and ye first aforesaid.
Sig~d. S~a i m esente of: . .
Sea~
i - • ~an
i ~
~ s~n
~ Or a M Perr
STATE OF FLORIDA ~ •
Florida u- '
~ouNTr oF
eefwe me persorwlly appes~ed Eugene E. Perry s~
Orrha M Perr4 his wiie, to me well known ard know~ to me to be
the ind~vidvals described in and who eaecuted rhe foreyoinp instrvment, and ackrwM,tedged before me that they executed.thf~same fDr ths purposes
rherei~ expres~ed. Md the sa" ' ~ !•~`~r'' ~`;~y1
wife of t~1! said ~=~~~i~V . .~i'~'-'r'~ 3
~wre ~
examinat~on by me taken separate and apa?t from her said husband, atknoMdedged to and befwe me that she ex • ~~irolun. F
rarily and w~thout •ny compuision, corsstraint, apprehension, or fear of or from her ~sid husband.
3r ry~µ. ~y TO
W11NES5 my hand and officia! seal this__~ a day of ~~p~.~.
. u ~;:ti.
; ; 'S «'~t-`--
° Notary Public in and to~ , p~,
My Commission expires: i~-+ . : '
aet~.~ To: ' - FIlEO ANO qECQRQ~O ' it 1~9~
First Feder~l Ssrings a Loan Astotiatwn St.l(~(~`1~ CQUMTr F A. 25.1971
Of Fort P~erce. ROCE4 POITIIAS ~ Fi+ i C+++~~ ~O•
Fort Pierce, Florida CIEaK C~RCWT 0 T . -
~ RECORO YEaIFIEO
~ ~ tl~c 23 !2 33 PM'1
This Instrument Prepared By J. D. ChBStaiA
First Federal Savings b Loan Association
of Fort Pierce~ Florida 2d2456
Checked By - .
eoo~189 PacE 201 . ?
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