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HomeMy WebLinkAbout0276 To pl~t~ and coni~nua~siy Afep on eM bvi:d,ry~ ~ow or 1+~reai~tr s~~ue~~ on ~~~d i•nd ..~d on .tt cqu~~n.n~ u+d p.rso~a~l~ cov~.ed by rh~s morp~ E p~. w~th ali p~~m~ums ~hcreoe p~~d ~o full, fi~e i~Wr~nC1 in ~M uswl ~~a.d«d potKy lam, k? a wm •ppro.cd b~ ~M MUR~GAGfE. a~~d w~ndt~am ~rowaece in ~M wwl ~urxla.d pol,cy fam, in • wm ~pprov~d by rhe MORTGAGEE, ie sucA compMy « compan~e~ ~s ~he MORiGAGEE m~y dwet~j ~nd dl 1'r.~ and w~arm i~~w~np polic.~s on ~ny of sad build~npa, ~~y int~r~~~ thsre+~ a pa.1 ~he~eof. in IM ayp~cpeir su~n alaesad w tn ~aceu the~wl, shall con~a+n ~h~ u~wl a~~ndud ma~~a~ claus~ or auch otlw~ claus~ u ~h~ Ma~ya9~ may requ~r~. nw?i~q Na tos~ u~xier •a,J poi4 c~s. each and ~ve~y. parab~ ro Nkf MORTGAGEE a~ ih ~n~e~est may ~pp~ar. s~+d each and ~vay ~uch po~~cy sMll be prompN~ ~fs yr~ed •~~d doii~ered ~o ~ny heid by taid MORiGAGEf ~t fu~rhK ~e~cwity ~o said mortpa~ deb~, and, not leu tMe le~ (10) days in adwnc~ of ~he eapua~lon oi esch pobcy, ~o d~- Iivs~ to ~aid MORIGAGEE • rMewal tMrsof, loptely~ with a rece~pt fo~ the prtmium of ~ut6 renewal; •nd ~her~ sh~ll be no Lro w wu~ds~o~m in~uranc~ plattd on ~ny of taid buitdinpa, ~ny iMertst thtra~ or parl th~reof, unfess in rAt (o~m a~d wifh th~ bu payibk +i aforssaid; ~nd in 1M evtnl a~y tu~n o! mo.»y becpn~~ payabk ui+de~ wch policy or polici~s seid W1pRTGAGEE shill h~w ths opr.on to receive and ~pplr ~he sa~,e on accoum ol th~ i~xieb~ed- neu ucwed heraby a w permit aid MORTGAGORS lo nceive and uw i~ o~ a~y part the,eof Iw oeixr ~,u~?w?rs. .y~~Fw~t ~h:.~u~ wa~t~,~ o~ ~~~~po~r. inp any eq~riry, lis~ or ri9hf v+~d~v or by v'alw of this mbrtp~ye; ~nd in tht ~vent ~a~d MORTGAGORS shall fw any reason fail to krcp ~he sa~d premises so insured, p 1ai1 Fo deliva prpnptly w?y of said politief of insu~ante /o s~id MORIGAGEE, or fail promptly ~o pay fu~ly any p~e~ni~m the~e~w a in any respect lail b pM(am. d~uh~r9e, exec~~s, ef(ed, comptete, canply wirh and abid~ by th~a cove.~an~, or ~ny parl hereof, sa~d MORTGAGEE ma~ plKe ~~+d pay fw such inswance or any part thereof wi~hout waFvinp w~ff~dinp a~y op~ion. li~n, equity, or r~yht ~nder o? by virew of ihi~ Ma~gapa. and ~he full ~mount of tacA and ev~ry s~rch paymsnt shall be immedi~tely dw and pyabls ~nd shall bear imcresr irom ths d~te thereof u~ti1 paid at the rat~ ol nir~e per ce~r~m p~? anrwm a~d together with such imereat shali be secured by tM lien of Ihi~ morl~age. 1. To p~rmit, commtt or wi(er no wast~. impai~ment a dNe~ar~tan of said property or ~ny parl thereof. S. To p~y ~II H?d sinp~lx the cotts, clw9es and expenses, including a ~easonable ~tto~ney's fee and costt o( abstracts of tiHe, i~curred w peid st any time by saEd MORTGAGEE, because w in tM ~vent of the failure on the part of the said INORTGAGOR ro dv~y, promptJy and fuUy pe,lorm, d~xMrgR execure, efFed, comple~e, comply w~th u+d ah~de by each and every the stipula~~ons, agreemenn, conditions, a~d cove~ants of sa~d pra.usso.y note and fhis ' mortga~e any a ei~her. and sa~d costs, charges ~nd expe~ues, exh and every. sMll be immedia~ely due ~~d payable: w{,r~her a no~ there be nonce dr + mand, atfempt to cotlect or suit pending; ~nd tbe fv!! amo~M of each and every svch paymem iAall bea. interest from the date thereof until paid at 1he i rate of nine per cemum pzr sn~wm; and all said coa+s, chargcs a~d eapenus inwr~ed or paid, together wnh such interest, aha~l be secured by the lia? of 1hN mortyaye. 6, That (a) in the evenf of ~ny lxaach o/ ihis Mortg~gt or default on the paat of the MORTGAGOR, or (b) in the evrnt any oi sa:d sum: of money hc~ein reterred to be not promptly and lulty paid within Ih,rty (3p) dayrs next after the saene uve~atty betwrse dve snd payable, w~thoW demand w notice, or (~j in the eveM each and eve~y the stipulatia?s, sgreemenri. conditions and covenanis o! sai~ promissory note and this mortpage any a either are ~01 iuly, promptly and fully perfwmed, d:scharged, executed, eifected, completed. compGed with and abided by, thcn i~ eiiher or eny such eveM ths wid ag- i gregate wm mentioned in ssid promiuory note then remaininp unpaid, with interesf accrued, and all moneyf setured hereby, shail become dw and pay- ' able fwthwith, Of tA!(NNN~ at ~he opr~on of said MORIGAGFF, as (~Ily and compleuty as it all oi the said wms of money were or~ginally st~putated to be paid on such day, anythinQ in said promissory note a in this 1Nortgage to the contrary notwilhstanding; and thereupon or thereafter at ~he option o( said MORTGAGEE, without notice a demand, wit at law or in equity, there(ore w theresfter begun, may be prosecuted as if all rr~oneys secured hcreby nad matwed pno? lo iri inititution. 7. Th~t i~ tha event that at the begi~ning of or at any time pending a~y suit upo~ this Mortgsge, w to foreclose it, or to refwm if, or to enforce payment of any claims hereunder, said MORTGAGEE sh~ll apply to the Court having jurisdiaio~ thereoi fw ~he appanrment of a Rece:ver, such Court shall Forthwith appoin! s recc"sver o( said malgaged property all and singuls~, i~?clu+d~ng all snd sirgular the income, p~ot~es, issues and revenues from whatever source dcrired, each and every of which, it beirg expreuly v~?derstood, is hercby mortgaged ss if speuiicalty set for~h artd desuibed in tF~e gran~ing and hebendum clavses ix~eof, and such Receive~ shall have aN the broid and effective funcf~ons and powcrs in aRywise entrusted by a tourt to a Receiver, and s~ch appointme:~t shatl bc made by such Court as sn admitted equity and a ma~te~ of absolute rigM to sa~d MORTGAGEE, aod vkithou~ re(ererxe to the ~ adeqoacy or inadequacy of the wlue of the properry ~mwtgsged or to the sohrency w insolvency of :aid MORTGAGOR w the delendams, and that such renrs, profits; incorne, issues snd, revenues shall be applied by such Receiver ~ccwd~ng to the I+en or equiry of said MORiGAGEE and the practice of such ~ Court. 8. To duly, promptly and fully peaiorm, d;scharge, ex~cute, effetl, complete, comply with and abide by each and cvery the stipulations, agrcements, conditiona and covmanre in u,d promiuory note snd this m&tgsge set fo~th. 9. That in the event the ownership of the mwtgsyed premises, p any pa?t thereof, 6ecomes veated 9n a peryon o~her than the MORTGAGOR, the MORTGAGEE, its succeuws and sss3gns, may, w~thou~ notice to the MORTGAOR, deal with such successor w succeasor in interest wifh refere~ce to thia mor~gage and the debt hereby sKUred ir? the same martnet as w»h Mwtgagor withpW in any way vit;ating pr discharging the Mwtgagors' Iiability here- under or upon ehe debt hereby secured_ No sale of the premises hereby mortgaged and no iwbeara~ce on the part ol tl~e ti10RTGAGEE o? its successon or assigns and no exrension of the time for the payment of the dtbt hereby secvred given by the AAORTGAGE'_ or iri successors o? au~gns, ahaU ope?ate ro release, d~scharge, moctify thange o~ affett the wginal Gab~lity of the MORTGAGOR herein, either in whok w in psrt. 10_ It is speuiically ag~eed that Gme is of the easence of this contrztt and that no waiver of any obi7gat:on herevnder or of the obligsYa~ sr cured hereby shali at any time thereafter be heid to be • waiver of the terms F~ereof or of the instrument secured herby. , I1. In add:t~on to the fwego:ng montFly payments of princ'pal and enrerest required by the prom;ssa~y no~e secured hcreby, mortgsgo~ cavenants a~d agrees to pay ro mortgagee with eath monthiy paymcm an addisiona! sum estimated by mortgagee to be equal to 1/ 12 of the annual cost of the follow- ~ ~ng: A-All real property taxes lev~ed or asseased agai~st the above deuribed real estatm B-Prerr.~ums o~ fire and windstwm "ensurar.ce as hereen requ:red to be tarried on the improveme~h situate on the above described p~emises. C-Premiums on such mortgage gva~anty insurar~ce as mortgagee shall from t~me to time deem fEt to carry on the {oan secured tiereby. Mortgagee sha;l from time to time notify mortgagor in writ~ng of the amount due and payable hereundx a~d such sum shafl thereupon be dve and payable on the due date of the next monthly payment and each success+ve monrh the~eafter ur.til mortgagee shall notify mortgagor of a change in such amount. Such sums shail be applied by moitgagee toward the payment of rra! property taxes, ins::ra~xe prem:ums, a~xl mwtgage guaranty insurance premiums. ^ tN WITNESS WHfRFOF, the saa! MORTGAGOR has he~eunto set h;s hand and seal the day and year first afwesaid. ' Sign , Sealed an delivcred in the presence of: ~ -T ~ --fSea4 i5es4 > - ~Ses4 r~~q , STA7E OF FLORIDA ~ St . :.uc ie ~ ~ouvn oF Befue me penonaUy appsared ~ i1• Y. HUC~SOri a~d it1C1:R~ Hudson his wife, to me wcll known and known to me fo be- the individu~ls described in and who exetuted the forcgoinp instrument, and sticnowledged before me that they executed the same for the purptues therein expressed. Arx! the ss~d Thelma HL1Cj5oT] ~vife of rhe said P. :fud5on • vpon a xparate ar?d privat~ exam~nar"~on by me taken separate and apart from her said t~~nband, sclcnovvkdgH! to and befae me that she executed said instrumem freely and volun- tarily and without any compulsion, co~straiN, apprehens~on~ feu of w from her said husbsnd. WITNESS my M~d snd official seal this C~.~ day of Decenber A, D. 19 7n - /~`~~~iv Notary Pubtic in and iw the State of Fbride at larye Return Ta My ~~miuia? expi~es: ,`1~~~N~NWI~~~~~ Fint Fede~a! S+vir~y~ 3 losn /latotiation ~d ~y ~~j~~ ~~~n STA~ QF F(~~a ~.t Z-:~ ~.7 ~ t.'1Y C;11,~MISSION EXPIltES SEPT. 23. 197~ Of iort P;erct. L~~~~~~~ ....nf~ rH RU iRFfl ~Y. ~tE.~i Fort Pierce, Florida ~ ~ ~ , ~p+~~v: , ; ~ ~ . ~ ~ ~ ~ _ ~`~~1~ ~ ~ r = FIlEO AND RECaROEe ' ~ ~ , ' tT. LtlCtE COttNTY fLA. _ ' ;j"•`~ ~ ROCER POITR~S ! This Instrument Prepared By L• ~ze~1N ~ i CLERK C~RCUIT~ :.;.-wQ; g~ First Federal Savings b loan Association RECORD VERIFIEO of Fort Pierce, Fiorida %:,'~/'j Checked By~_____- '~•~L~~ ~„~~,~1t~~~• D~e 18 2 il PM'10 aooR 189 ~ Is 202502 ~ ~ ~ - ~:Y~= r ~ _R_ _ ~ - ~ - _ ~