HomeMy WebLinkAbout0931 J. To pi~cs ~nd cont~n~ou~l~ ?«p cr~ tM ~.,~'d.nps now a h~.~altM wtwt~ on ~a,d 4++d •nd on •Ii cq,,+a•+ero •nd p..sonali~ co~ered b~ ~or~¢
pw witA ~Q prt~uw.N ~?~eon pa.d ~n fuli, f~.e mwr~nce uwal f~N+dud poi+cy fam, ~n • wm ay~yu~od bY tM MJR;v~uEE. •~~d w~~~ea~n
inwrw+c~ tn tlr wwl ~~andard pot~cy forr~, i~? • wn+ ~pp+oY.d by +M MORiGAGkE. in wcA <ompany o. com~vn~es as ~Iv N?OR2~AGEE ~+y
dint~t ~e~d ~11 fi?~ and w~nd?w~m i~awa~a po~K»s on ~ny oi N~d bu1W~~f„ ~ny inM~~N ~Ixre~n w ps~~ the+wl, in ~Ae ap~~eq~~e w~+ alor~sad or
M+ ~xc*a tM.w1. sMli com~in H» usual ~~w+dard mortpp~e d~us~ a ~ucA aM. d~uw u~M MatqaqM n++Y reQu~r~. m~\r.q ?he tos~ ur.de. u~d poli-
ci~s. ~acA ~nd ~w~Y. WraW~ ~o a~d MORTGAGEE a~ ~n mte~q~ ~+aY ~PP~++. and ~ac1~ ~rid ~ve~~ a,cA pancy sh~t1 be p.omp~~Y u~ 9~xd a~d dei~rt.ed eo
N+y M1d by uid MORtGAGEf as fu~~Mer ~ecwity ro a~d mor~pap~ debt, a?d. nw ~eu ?han ta+ (10) d~r* ~dY+nc~ of r1,e e~p~.•~w~ 01 c~ch po~~cy, ro dr
ro~.id MORTGAGEE • noew~l tM~eof. ~op~~hK witA • ncNpt ta ~h~ pnm~un? ot ~uch r~newa~; ~~+d ~he~e ~Mli b~ no I~.e o} w~„dsw~~~ ~ruw~nc~
pl~d on ~ny o1 sa~d bu7Minps, ~ny iroeaeaf tMr~m or p~+t tM~~of, unku in the fam ad with th~ bu payabl~ ai afaefaid: ~nd in ~ht •veM ~ny su~
of naney bec~onvs payaW~ w~dK suc1+ policy or polKi~a a~d MORTGIIGEE ~M?1 haw rM optwn ro recaive a~d apply tM sanv on accou~~~ cl tM indebred-
Mq lKW~ ~N?t~fy M b PN:~~it fiii~ M~T~~RS f0 fttNW aI~ V7! H Of •Oy (1Nf ihtrlO~ (Or OihM ~rE~OfCf. \V~II~~iJ} th~.iu~ ~~a~~~ Jr ~nipa~r-
iey an~ puity, tien or rght w+de. or by virtw of thu nartpape; ~nd in tM ewet ~a~d MORTGAGORS ~Aa!t fa w+y reawn f~il to keep ~M said prtmisrs w
iruv~ed. o? i~il b delivK promptly ~~y of said po~Kies ol inswanc~ ~o sa~d MORTGAGEE. w iail prompdy 1o paY fulty ~ny p~emivm tAc~efp a ie anY
re~p~tt (ail tp pMfan` d~scMr~e, e:ecut~. ~ffett, compkt~. comply.witA and abid~ by this cov~nam, w~ny part hareoi, s~~d MORIGAGEE m+y pface and
paY for auch ir»urancs a w+y pa~t thereoi wiMovt w~ivinp w~ffettinp ~nY option, IiM, equiry. o~ rpM u~+d~ or by virtw of ~his Mw~pa~s, a~d tAe
tult arnount of tath ~nd tv~ty wch paymeM sl++ll bt imenediately dw a~d pay+bl~ ~nd sMll b~ar inte~ea~ lrom ~M dab ~hereol until pad at ~ht rat~ of
n~ne p~. cenrvm p~. annum and to~e~her w~th wch inte~~st ~ha11 b~ secured by tM IiM of thia mortpa~.
a. To pKmi~, comn+it or wffay ~+o wute, imp~um~M a d+teriwatan of ~aid property or ~ny part therwf.
S. To pay ~II ~nd sin~ular th~ cwts, charya and exps~sfa, i~cludinp a reasonable a»a~+ey's fee and cos~s of ab~tractt oi title. incur.ed w pa+d
a~y time by s~id MORTGAGEE, b~twst or in 1h~ ~w+~t of tAt fa:lvr~ on ~M pa?t of ~M iaid MORTGAGOR to duly, promptly and fuily pertorm, d~uhar~~,
execut~, ~ifsc~, complett, oomply w~th snd ab:de by ~acA ~nd every tM stipvla~wns, ~preemenn, cond~tio~s, and covenants oi said p~omiaswy nWe and thc~ -
matQye ~ny w eiihe?, and sald costs, cMrges and txpenses, each ~nd tve~y, sMll be inueedialely dw and payeb~e; whether o? not there 6e not~ce d~
mand, ancmpt to cotkct p wif per+d~np: and the tull amount of exA ~nd we.y s~,ch paymem shall beu i~rcrest trom Ms dare rhe.eof unrit paid N rhe
raro of n~ne per centum paY an~wm; an~ all said eosts, cMrpes and expenaes ~ncwred or paid,.topNhe? w~th such intereat. ~MII be secu~ed by the I~en of th~~
^'ortpay~•
6. Th~t (a) in the event of ~ny bexh of this 1KonyaQ~ o? defauh on the part of ti+c MORTGAGOR, or (b) i~ tM event any oi sstd sums of money
herein ?eferred to be not promptty and tully paid within Mnry (30) days neat after ~he sart+~ severatly betome d~e and pay~bl~. wi~hout demand or noTice,
w(c) in the event ex1~ and ewry the stiputa~~o~u„ s9reements, condi~ioru and covenanb of sa~d prom~a~ory noee and th~s mo~t9age sny a eirhrr •re not
~uly, prompNy ~nd tully performed. d~xha~9ed. ~xecutsd, tlfected, compkted, compl~ed with •nd ab~ded by, then i~ e~thr o? any such ewM the sa~d aQ
gre9~t~ wm menipned in said promiuwy note thcn remair?inp vnpa~d. with ime~es~ accrucd. and a11 moneys seturcd hcrcby. sMll become due end pay-
abk forthw~th, o? fllefNffK, at the oprion of said MORIGAGEE, as fvlly and compku~y a~ ii sll of the said sums of money w,ero a~g~naily ~t~pu:ated
to 6e pa~d on wch day, anythi~ in sa~d p~om~ssory note a in this Matpaye to the contrary notwithstand~ng; and ~Fxveupon or thereaftcv at the op~an of
said N10R1GAGEE, without notKe a. demsnd, suit N faw d i~ puity. tllffl~Of! Of 1I1HNItN begun, ma~ be prosecu~ed as if all mw?eyi secu~ed hersby
htd matured prwr to ~b institutqn.
7. That in the event tha~ at the beginninq ol o~ at any time pendir+y ~ny w~t upon this ~Mo.tgage, a to foreclose it, or to reform it, o? to enfora
payrrKnt of •ny claima I,ereunder, said Nk7RTGAGEE shall apply to the Court having jw~sdKt~on thereof for the appomtme~t of • Receiver, such Cour~ shall
forthwith appoint a receiver of said mortgaged property •1) ~nd sin9ular, in:lud~rg ~11 and s~ngu~ar the income, p~oF~ts, issues and ~eve~ues from whatever
aource derired, each and every of whKA, it beiny exp?essly u~dcrstood, is hercby mortgaged as if spec~fically set fwth and ~+esaibed in ~M 9ranring a~..i
hebcr~d~m clauses I+erepi, and sucA Recrivet sAall h~ve atl the broad and effective funtt~ons and powcrs in aoyw~se cntrusted by a Court to a Receiver, and
s:ch sppoinTment shall be made by u.ch Court u an admitted equ~ty and ~ tnatter of absolute rigAt to said MORTGAvEE, and w~~hout ~eference ro the
edeqwcp or inadcqvacy of the wlut of tF+e property mwtgaped or fo the savency w insotvency o( wid MORiGAGOR or the defendants, and that auch
re~+s, profi~s, income, issues ar+d revenues shail be ~pplied by wd+ Reoeiver accord~ng to fhe lien or equity of aaid MORTGAGEE and the practice oi such
Court.
8. To du!r, prwnptly s~+d fu11y perform,-d~scharge, execvte, effseL complete, comply wi~h ~nd abide by each and eve?y the stiputations, agreements,
:ond~tian and covenann ~n sa~d promissory note snd this rrwrtgage set fafh.
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9. 7Mt in the evem the ownersA+p of tFx mortgayed premises, a any part thereof, becomes vested in • person other than the MORTGAGOR, the
MORTGAGEE, its svccessors snd augns, may, without notice to the MORTGAOR, deal with such successor a successw in interest with referencr ?o this
mo•+ga9e and ~he debf hercby secured in.the same manner as with 1Nortgagor w~thout in any way vit~eting a d~uha~g~ng the Mori9agors' liab~tity hera
unde~ or upon the debt hereby sec~red. No safe of the pre:n~ses hereby mwtgeged and ra forbeararxe on the pan ot the MORTGAGEE or its successors
or auigns and no e>rens:on ot the ~ime fo. ~he pa~mcr+~ oi rhe deb~ hereby secured yiven by the MORTGAGfE or its successws w aas~yns, shall operate
fo releax, d~scharye, modify change p affect the w~gin~l li:b~t~ty of the MORTGAGOR herein, either in whole a i~ put.
lA !t is soec~fically agreed rhat time a oi the esscnce of this caetrsct a~d that no waive~ of any ebt+gation hereunder o~ of the oblgatio~ sr
cured hereby shali at ~ny time thercafier be hejd to be a w~iver of the t~ms t~ereof a of the instrwneM secured he+by.
11. In add ~~o:+ to ~he iwego :~g monthty payments of princ'pa) and interest requ~red by the ~om~ssory no!e secured F~ereby, mortgagor covenants
and sgrees to pay to mo:tgagee with each monthly payr.xnt an add~rionsl sum estima~ed by mortflagee to be equal fo 1;' 12 oi the annual cost of the follow-
in~: ' -
A-A?I reai property taxes kv:ed w assessed against the above dexribed real estate.
B-Prem~ums on fire and windsto~n? i~awance as here~n reqv~~ed to be wrried on tix improveme.~ts sitwte o~ the above described premises.
C-Premiums o~ such mortgage guaranty insurar~ce as mortgsgee shail from time to time deem fit to carry on the loan secured hereby.
Mlortgagae sha'! from time to ~~me notify mortgago~ in writing of the amount due and payable hereundrr e~d s~ch sum shall thereupon be due and
;ayab:e on the dve date of the neat morsthly payment ~nd each suctessive month thereafter u~til mortgsgee shall rtfltify mortgagor of a change in such
a^~ow~t. Such sums sh.aif be applied by morigagee toward the payr?Knt of real p?operty taxes, iinurance prem:ums, and mortgage gwranty inwr~nce ;
f p~emiums_ . . . ~
IN WITNESS WHERE~F, r sa" RTGAGOR has hereunto set his hand snd seat the day and us f . ~
~ ~ Scai and the presence of:
fILEO AND REC~RQ_E~ ~
r ST.ItlCIE COUM Y F~.
~ ROCER POITR~i h
CLERK CIRCINT COIMT ~,n
~ tIECORO YERIFIEO
4
~ STATE OF FIORIDA 5 3 26 PM'~' AQ~~~
~ ~ouxn o~ S?. LUCIfi ~ss. ~6 •
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e~fa~ m~ pe~wn~up ~ppear~d Robert A. 9~ith t
Betty J. S~ith - ~
his wife, to me well known and known fo me fo b~ ~
the individwts described in and who executed the foreyoinp instrwn~nt, and scknowledped befwe me that they executed the same for the pwpases
rherein acpessed. And the sa~ B@ttS/ .j• ~i~td
r Robezt A. Saith '
~ .v~Ie of t?ro ssid ~i.ste .od Priv~r•
~ essmin~t~o~ by me taken sepsrare snd apart from her said husband, ~dcnorvledged w ar?d before me that she execvted.,s~;~~~~~f~ejr and volurr
~ ~ar;l~ and w~thovt a~y compubian, constreint. +ppre~ w fear of a f.om her said Fwsb~nd.
WlTNESS m~r hud aod official ses! this 7 rh- day of ~ A.' 9. 19 71
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~ . Notary Publis in ~nd fw tb' 'o~f F st .Lupt
a My Commission expires: ~ f~~(~~
~ Return Ta ~ - 9 ~ ~n
~ first Federa{ Savinps i losn Association Y ~
~ Of fort P,srce. ~ + • ~
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a fO/t Pietce. Florid~ ~ j f i
~ . , ,.,2s " ~ ~
~ Q
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~ This Instrument Prepared 8y JoND W. Collins ~
~ First Federal Savings b Loan Association ~
~ - of Fon Pierce ~ Rlosida
~ ~h~~ By g~oK 189 P~ 928
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