HomeMy WebLinkAbout0929 ~ . 1 ~
To pl~c~ and con~i~uwsl~ lwp on t!y bu~'dwps now a Mr~afN~ ~:~v~N on ~~d land ~nd un ~It p~~p..em •nd psr~on~ll~ co•e~ed by ~h~~ rnort9•
p~, w~M ~11 premwnN ~he.wn p~d r+ lufl, fu~ ~~wr~nc~ ~M v+wl ?urdard po~Ky 1am. in • w~* y:po.sd bY eh~ MOR.vaGlE. •~d w~nih~wm
~w~+c~ in tAe wwl ~+~nd~rd pW.a1r ~a~+4 u+ • wm ~p~uved ~y ~M MORIGAGEf, in wch con+panr o~ cr~p+~~e~ ~s ~M J1RORiC,AGff May
dwct~ ~nd ~U li.~ Md w:nd~w.in inwrsnct ~•cNa o~ any ol aad buiW~npf, ~nY i~N.~~~ tin.~~n w ~»r~ tF~s~eol, in ~M app~cy~~~ win ~la~a~~d o~
in ~acw~ tMrwl, aA~ll coro.in tM wwl uu+dud ma+qapM clww a~uch o~Mr clauw u rl+~ Nlafy.~e~ ma~ ~equw~. ~+a?,np ~M ws~ und~. ti•~d po~i~ i
c»s. NcA u~d ~ve.y. WvabM W sa~d MORTGAGEE a~n ~++ee«~~ e.wy ~pp~ar. and t+ch and .Yay ~uch paK~ ~1wN b~ p~omp~iy 9ned and eel~~a~ed eo
anr heW br s~d MORivAGEE tur~hN ~acvr~~y ~o ~aid n,w~p~~ d+W. and, not ka ehan ~en l10) d~rs in d~~nt~ ol the e¦puatia+ ol e~ch po1~tY. ro dr
Gv~r b s~~d MORTGAGEE ~ rM~wsl ~hfr~of. top~tAN wilA ~ rK~~~1 Iw tAe pr~miwn ol ~uch r~ntwa~: ~nd tMr• ahall be no t,rs a w~~,ds~oue ~nw~anc•
plac~d on a~y of s~~d b„iid~np~. any intaat tMr~a+ or par~ tfitr~eol, unl~s~ in the fwm and wi~l~ ~h~ Iws pay~bN a ataes~+d: ~nd i~ tM ?veM •ny tu~
ol w~oney beca~»s p+yable und~+ ~ucl~ pWkY a po~K~a ~ud MORTGAGEE sMll Aaw ~M op~wr+ ro~ece~v~ a~d +pply Me sa++~ on accounf of tM i~~+b~rd
ness s~cw~d 1w~aby a a p~+mi~ sa~d MORTGAGORS w r~e+iw ~nd vN N a•ny pa~~ ~hcr~ol fa o:hcr pu~po~rs, w~~iwut ~h:~. or wa~~~.,~ a~ .~~~~w~~-
~np ~ny pui~y, Len a~pht ~r+da a by virtw of ~his n+or:9a~e: ~nd in tM tvent N~d MORTGAGORS ~1+a11 fa any rtawn (+il to ?etp the s~~d p+emises w
msured. a fail w delive+ pomplly u~y af ~aid polKies of MswNK~ b sa~d MOR~GAGEE, or fal prompNy to pay IuUy ~ny ~uanwm fherefor a in a~y
reap~ct fail b pKfwm, d~scMr~, ~:ecW~. ~ff~ct. compt~ta. comply with u+d ~bid~ by this cow+wro, a~~y p+rt lw~oi, aa~d MiMiGAGEE a+~r Plx~ ~,w
pay for ?uch hawanc~ o~ +u~y pah tlwwf wUAout w~ivinp or aif~cti~Q any option, ii~n, equ~ty, w r~pht ur+d~r a by vFrtw ol ~hii Mae~~, and ~he
fs,ll amoum o( tach ~nd ~vKy wcA paymMf ~hall b~ immedi~Nly dw snd p~yabb ~nd ?A+11 bear imcresi Irom ~M d~te thereof umil pad ti+~ rat~ ol
~;r,e pN c~nrum pN annum and ro~e~he. v~irA wch intcreit sM11 be sacu~ed by tM lia+ ol this mortype.
1. To pKmit, commit a wffe~ ~+o wa~tt. Mnpai+r.+em w d~terior~tan of uid property or ~rryr p+rt ther~of- .
S. To pay ~ti and sinpular tM cwts, char~s and ~a~+ses. H?ck+dinp a r~aionabl~ attaney i fes a~d costs o~ abirractt of t~~l~. incur.ed w pa~d
any time ~y ~aid MORTGAGEE, bec+us~ or in the ew~+~ of tM is:lura on the pan of ~M uid MORTGAGOR a duty. promp~ly and lulty pertorm, d~uhary~.
e~ecut~. effstt, canptet*, canply w~th and ~~~d~ bp ~sch ~nd every the s~ipulaf~oro, apre~me~», ta+d~laru„ +nd tovenants of se~d promisao?y ~o?s ar+d Mh
rnwtQage ~ny or ei~ha. and sa~d cosn, cMr~es +nd ~xpera~s, each and ~very. shall be imm~dia~cty dut ~r+d paysblr: whe~her a not thae be no~~ce dc
m•~d, atiempt ro collect or wi~ pend~ng: and tFw full a~r~ount of eacl~ ~nd wwY wch p~ymeRt ~MII bea. in?eres? from ~As date the~eof umil paid ~t th~
r,~e ot nioe per cr~tum per ar?~,um; and all said oosn, chupsa a~d expenses iacw~~d or W~d. topether wah auch inrerett, sMll b~ secu~ed by t1w I~en of IhN -
mdt~a~. ~ i
b, That (a) in tM sve~+t oi any b.exh of this 1Nort9ape w defautt on tlr part of thc MORTGAGOR, a(b) in the event ~ny o1 ~a~d sums of money
hrrcen referred to be not promptly and fully paid wit~in Ihirty 1301 days nr:t afte? the sune sevcrally become due and payabte. without de~nand Or ~+a~tics,
or in the ev~em each and tvery the stipvlat~orq, y~~sma?b, cond~tions and coven+nb of sa~d praniuo~y ~o~e and th~s mortgape any a e~tAer •re nol
iuly. prompriy ~nd f~ty p~rformed, d~xl+~r~ed. O7tKU1ld, ~IIKtld. comp~~ted, comptied w~~h and ab~ded by. ~hen in either a any such ev~n~ ~M sa~d ag
flrcyatt wm menno~ed in said promiswry nota the~ rerriaininp unpa~d. with iNereat accr~ed. and all neo~eyi xtu.ed F~ereby, shall bccome dw and psy~
sbie forthwi~h, or ~hcrcafre~, af tl+e opf~on of said MORTGAGEE, as fvlly and comple~cly as if s~~ of ~fie sa~d sums of money were oryi~ally st~pulated
eo be peid on sucA day, mythiny in se+d p~omissory note a in this JVbrtyage to the comruy notwithstanding; a~d thereupon w therea(ter at the optan of
fe~d MORTGAGEE, w~~how notKe a demand, iuil at law w i~ puity, therelore o~ thereafter beyv~, may be proxcuted as ~f sll moneys secwad hereby
nad matured pfror to ~n inatitutioe+.
7. TMt in the event rhat ~t the ~eyinning of or at eny time pend~np any wit upon this Mortgsgs, w ro fweclose it, o? to reiwm if, w to e~forc~
paymeM of aey daims hcrcunder, said MORTGAGEE iMll spply to the Court h+v~n9 jw~sd~c~ion thetee! for the apFwmtment of a Receiver, such Cour1 shall
{or~hwith appc~im a rccciver of said mortpaped proparty all and sinpvt~r, ir+clud~ny a~~ and singular the ir?carc~, p~ofits, issues and revenuea trom wlwtever
w~rce derived, eacA and evcry of whKh, ii ixinp ex{xeuly u~de~stood, is hereby mw~9aged ss if speuficaily sN fw~h •nd dexribAd in the granr~~~g and
habendum d~uses hereof, ~nd f1KA RttNVH fFM1I F1iYf aIl tM broad and effective func+rons and powcrs in anywise entrusted by a Court to ~ Receiver, e~d
s~ch ~ppo~~finem shati be made by sucA Court as ~n ~dmitted eqvity ~nd a matte~ of ~bsolute ryht ro said MORTGAGEE, and wi~hout re(e.ence to the
aaequacy or inadeqvecy of ~he value oi ~I,r p.opa~y mw~9a~i o. ~o ~he sosve~cr o~ ~nso~vency of said lNORiGAGOR or the defendanrs, and :hat such
re~~a, profin, i~comr, iuues and ~evcnues sMl~ ~e +pplied by such Reosiver accwd.ny ro~he lien w equity of said MORTGAGEE and ~he practice of such•
Court. . -
8. To duty, p?omptly and fully periorm, dixha~ge. execvte. effM. cor~kte, ton+plY with s~d abide by each and ev~ry the stipulaYwns, agrcements.
conditrons and eovmanes in sa~d promissary no~e and this mortyagt set forth.
9. That in +he eve~t the'owr+enhip of the mortgaged premises, a~ny part the?eof, becomes vested in a person other than the MORTGAGOR, the
M.~RTGAGEE, i» succeu.xs snd ~uigns, may, wGthout ra+ice to the MORTGAOR, deal with such successor a succcsaor in interrst with refererice to this
mor+g~ and the deb~ hcreby secwed in the same mannet as with Mwtgagw without in ~ny way vit~ating w d~uhsrging the Mwtgagors' li~bility he?e-
under p upon the debt hercby securcd. No ssle of the Fremises heteby mortgagcd and no forbearance o~ the part of the MORiGAGEE or +ts sutcessws
or auigns and no extension of the time fw the p~yment of the debt hereby securcd given by the ARORTGAGE'_ or its a+ccessws p au;gns, ,fiail operate
ro rolease, d:xharge, rt+odify cMngt w afiect the originsl tiab;lity oi tl+e JNORTGAGOR herein, either in whole w in part.
10. h is spec~fically agreed rMt tane is of the cssence of this contrap a~d that no waiver of any obl'gat~on hereundcr or of the obliyation u-
c~red hereby ahall st any time thercalter be held to be a waiver of the terms hereof a of the insttumen! secured herby.
11. In arid,t~on to the forego'ng monrhFy paymenrs of princ'pal and interes~ requ~red by the p.om~ssory note secured 4wreby, mortgagar covenants ~
and agrees ~o pay to mort9apet with each monthly payme~t an add~r:ortal sum est~neated by mortgagee to kx equat to 1/ 12 of ~he annual cosf of thf follow-
,~,g: ~
t
A-All real property taxes kvied w assessrd against the above described resl estm_
B-F.zm;u~m on fire and windstorm insurar.ce as herein requ~red to be carried on the ~mprovements situate on the above described premises.
; C-Premiums on such mwtgage gwraaty insvrar~ce as mortgagee shall from time to time deem fit to wrry o~ the loan secured hereby.
j Mwtgsgee sha:l from time to time notily mortgagor in writing of the amouM due and payabk herevnder and such wm shatl thereupon be due and
~ cnyable on the due da~e of the ne:t month!y paymeM and each successive month thereafter ur.til mwtgagee shall notify mortgagor of a change in such
' a~ou~t. Such sums st~a't be a lied b mat ee toward the ment-of real taxes, insurance em:~rru, and mort a e uarant i~aurance
PP Y 9a9 WY P~~nY W 9 9 9 Y
~ p~emiunti~
p IN WITNE55 HEREOF. said MORiGAGOR has herevnto set his hand snd xal the day and yea~ first a(wesaid.
i
Sg++ed, a ed in preae+rce of: ~
! _ LtiCIE COUNri~FtA. ~ " ` ;
~ ~ R06ER ~OITIlAi ~'en lin C Schaum ~ q
~ REC0~0 Y[RKi[p C~t
E % Evel G. 5chaum ~ _
~ ~ 5 3 ~ ~ .~y,,'.
SiATE OF FlOR10A. ! ~~M t= J'
St Lu i 2~~4~ : . . , . - .
courm oF . c e i
~fa~ ~~«,.u,, .~~.~a Frenklin C. Schaum ' a _ = ~
E'`lelo?i Ct. S[=hA le his wife, to me well known iea-~rlo+a~i: {?1~~?~:`
~ + ' • J' Y' .
rhe ind7ridwb described in snd w!w executed the fora9oirg instrvment, and befwe me tMt they eaecuted the adi~~i~Wlr.l~'pt~e~0~_-
~ rhe+ein enprrssed. Md the sa~ Evelyn~.~chawn ,~..ti~i*~~r•~1~?~~y :
~ r'ranklin ~ _ Schaum ' ' '
,~;r~ ~ ~ .,~d ~ • ~«+i~:.~dt
~ eRam~nst~ by me taien separ+te and spsrt from her said h~rsbsnd, adcrwvvledped b~nd befae rrr thst the executed said instrumem fre'eiy a~l~
~
rar~iy x,d wrthan a:ry computsion, conuraint, apprehcm~on,~e~r of w from her said husband.
~ WRNESS my Mnd and official seal this day `1an A. R 19~
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~ . No Public in snd fw the State of Fbrid~ ~t lu~ '
~ My Comm~ssion expires:
~ aen,.~ to: " l~OTAQY WBUC. STATE~OF ROR18A AT Wt~E
~ Fi.st Federai Sav~ngs i loan Associat~on MY, CONiMIS510N EXPIRES tiOY. 29~ 1912 ?
~ Oi Fpr1 P.ertt. ~ONDED fNROUGN MRip M~~ n~esrtLMQltia
~ Port P~erce. Fiaida
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~ This Instrument P~epared By J. D. ~hastain
First Federal Savings b Loan Auociation
of Fort Pierce~ FZ or i da
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~ ~h~~ BY. ~89 ~ 926
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