HomeMy WebLinkAbout0937 3. To plx~ ~nd confinuo~,sly te~p on ~M bu~cd~~qf now w Iw~~ftM ~itwt~ on ~a~d ~~nd snd an a11 eqv~pneot a.+d p~rtorulfy cove.ed by thi~ moHQ' ~
p~, witF~ dl pr~nuu~nt rhe~ron pa~d ~n fuil, lu~ intur~nct m ~M u~wl ~undard poiicy fonn, in a sum approred by tAe lMflRiGAGEE. •nd w~nds~wm ~
imw~nc~ in tM ww) u~nda~d po~~cy fam, in ~ sum ~pproved by rh~ MORiGAGEE, in wch compM+y a canpa~iM a tM MORTGAGEE n~+y ~
dinttl and all lin M+d wind~arm imwa~+c~ po~ici~s on any of sa~d build.np~, ~ny in~~r~it ~he~eie~ w pu~ ~I?Nwl, ie~ tl~e apprc9~~~ wm Naesaw! a
M~ac~ t1+Nw1. ~Aall cont~in ~hs wu+l s~u+dxd ma?9~ claus~ or such w1+w ctaus~ N tM Ma~9ape~ m+Y requ~~. m+?irp tl» los~ u~le~ ~+~d po~F
ci~s. each ~nd ~wry. p~Y~bl~ q s~id MORTGAGEE as ~n ime.e~t may app~a~. ~nd t+ch and ~vay atih po~Kr ~Mll be p~omp~ly a~s pned and d~liv~red ro
~ny Mld by s+id IMORTGAGEE ~s fvr~hN secu~ity to ~aid mortyaq~ deW. and. nW kss tM~ ten l10) d~ys i~ edyanc~ oi tM ~ap~r~~ro+~ ol each policy, to dr
liwr ro ~aid MORTGAGEE • r~Mw~t ther~of. top~liw~ with ~ rat~ipt for tM prM+iwn of wch rtaew~l; ~nd the~~ shall be no I;re w w~~alsiorm inwru+t~
pl~oed on ~ny o! said build~nps. any inter~at tha~in w put therwf. unt~ss in th~ fam and wi~h tl+~ Ioss p+y~bb +s afo.es+id: +^d ~M ~v~~~ ~Mr sum
of mo~ty bscom~s payaW~ wdM wch policy or polici~s wid MORIGAGEE shall Mw th~ op~an ro ~eceive ~nd apply t1w sarne o~ accoum ol tha indQbecd-
n~~t utut~d hN~by a b pNmit f~id MORTrsACiORS to tKtiw Md vN it a any put sherepl ta o~hcr pur~,osrs. .•.~~hout ?ha.cu~ wa~vi:i~ a~mpair-
irg anr pu~ty. li~n or riyht ur~ a by virtw of thia mortyaq~; ad in tM ~ve~t ~aid frWRTGAGORS sh+ll fw ~ny ~eawn fail to keep the aid premi~es so
inwred, w fail b deiiver ptomptly any of said policies of imu~anc~ 1o said MORTGAGEE, w fail ptomptly to pay fu11y a~y prem,um lherefw ot i~ anY
n~p~d tail b pNfwm, diuharg~, ~xecvte, efFM. compleq. comply with ~nd abid~ by th~s coviceant, a•ny par~ Mreof. said MORTGAGEE may pf+ce and !
p~Y (pr such jnswan~y or ~ny part thKeof without waivinp or aff~ctinp any option, IMn. p~ity, a right ~nda a by virtw of this lNortgap~. and ths
full artaw?t of each and ewry such p+yment sha~l b~ imnwd'ately dw ~nd paYabb ~~d shall bear inlaveil trom ~M dat~ ~hereof v~~il paid the ~~t~ ol
n~n~ per ctntvm pN anrwm and togethcr with wch inte~est sMll be sccurcd by tM Iit~ of this matp+pe.
1. To p~rmit, oommi~ a wf(a no wute, Gnpaument ar deterior~tan of. said propcry or any p+~t thereof•
S. ?o pay all snd sirpul~? tM cosb, chary~s ~nd txpenks, includinp a r~asonsbk attaner i fee and cosrs of aba+racts of ~~~Ie, incur.ed w p+id +r
any time by said IVIORTGAGEE. because w in tFw ~wnt of the (~ilu~e on tM p~~ of ~M said MORTGAGOR ~o duly. promPNy and fvlly perfam, d~xharg~.
execute, ~f(M, canplet~, comply with and abide by e~ch ~nd every the stip~latiw?s, ~yreements, conditjons, and oovenents et u~d promisw.y note and ~his
mwtp~ye ~ny ot eithec. and iaid costs, charges and ~xpenses, e+ch +nd every. shall b~ Nnnxd~atrly due and psyable: whether or r+ot the~e be noHce dr
mand, anrmpt 1o colkct or wit pand~ng; +~d tM fvll amount of each end ew~y wch p~yment sh~ll besr interest from the date thereof until paid a1 the
rare of nine pe~ centum pe? am~um; and all said costs, chuyes and expenses incurred ar paid, logether w~th wch interest, shall be secu~ed by tM lien oi tha
mo+t~+qe•
b. Th~1 (a) in the event of ~ny breach of this Mort9s~ w defsut~ on the pa~t of the MORTGAGOR, p(b) in the evem sny of ss~d tums of rtaney
herein referred to be not prompNy and fully paid within thirty (30) days ~?ext af~er the ume seve:atfy become due and payabk, without demand o~ raotice,
or (rJ in the evcnt each and ~very the itipulations, agraemeats, conditions and mre~?+~ts ol sa:d promissory no~e arxl th~s moctpage any w either are not
i~ly, pramptly and fully perfwrnad, d~uF~arged, execut~d, effected, completed, compl~ed with and abided by, then in e~ther o~ any such erent 1he sa~d e~-
gregate wm mentaned in said promiuory note lhen remainin~ unpaid, with interest accrued, and all moneys secured hereby, shatl become due snd pay-
~ble fathwith; or thereafter, at tF~e opt~on of uid MORTGAGEE," as f~lly and comptetefy a~ il all of the said sums oi money were ag~na+ly stipulated
to be paid on suth day, anything in ss~d promissory note or in this Mortgage to the ca+trary notwithstanding; and thereupon o~ thereahn at the option of
said MORiGAGEE, without ootice w demand, wit at !aw o? in equity, therefore or thereahcr begun, may be p?osecuted as if all moneys securad hereby
had matwed prwr ~o its i~stitution.
7. 1l+~t in the event that ~t the beginning of w sf any fime pending any suit upon this Mortgsge, a to fwecioze it, w fo re(wmt it, w to enforce
paymsr?t of any claims he~eunder, said MORTGAGEE shatl apply to the Covrt hsvirg ju+isdict~on thereof fw the appointmem of a Receiver, such Covrt shall
forthwith sppoint a receive? of said mortgaged pro~rty all and sinpvlu, i~cludsog all and singular fhe income, p~o(its, i::ues and revenues lrom whatever
wurce derived, each and every of wh~ch, it beinp expreuly understood, is hereby mor~gaged as if spcc~fically xt fwth and described in ~Fx pramir+g and
habendvm clauses hereof, and such Receiver shall Mve all tl+e brwd and effective fur+ct~ons a~ powers in anyw~se entrusted by a Court to a Receives, a'nd
such appointmcnt shal{ be made by wch ~ourt as an admitted equity and a m+na of absolute rgM to said MORTGAGEE, and witAwt ?eference to the
edequacy o? ~nadequacy of the wlue of the proper~y mor~yaged w to the soNency w insolvency ot said MORTGAGOR w the defendants, a~d that such
rents, ptofits, incorne, issues and revenues shall be applied by suth Reteiver atcording lo tF?e tien or equity of said MORTGAGEE and the pradite of suth
Court.
8. To dvly, promptly and fully perform, d~scharge, execute, effect, complete, comply with snd abide by each end every the stipulations, agreert?enri,
condifions snd coverwnb in said promissory note and this mortyage set fwth.
9. That in the evenf the owncrship of the mortgaged premises, u any part thereof, becanes vested in a person other thao the MORTGAGOR, the
MORTGAGEE, iri wcceuors and sugns, may, without notice to the MORTGAOR, deal with such successor a sutcessor in interest wi~h ~eference to this
mor+gage and the debt hereby sscured in tht same manner as with Mortgagw without in aoy way vitia?ing Or dixharging the Mortgagors' liability here-
urtder or upon the debt hereby setured. No ssle of the premises hereby mo~tgaged and ~o forbearance on the part of the MORiGAGEE or its successars
w auigns and no extension of the time fa~ the payment of the debf hereby- securcd given by the MORTGAGEf or its successws or au~gns, ~'ull ope(at~
ro rekase, d+scharpe, rtaJifp thanye or affect tha wigina! liab~l~ty of the MORTGAGOR herein, either in whole a i~ psrt. ~
10. It is spec~ficatly agreed that time is of the essence of this contract and Ihat no wa:ver of a~y obligat~on hereunder or of the obl'gation sr
cured hereby shall at any time thereafter be held to be a waiver of the terms hereof o? of the instrument secured F~erby.
11. In add~tion to the forego:ng mo~thly payme~ts of prirx'pal and interest requ~red by the prom~ssory ~ore secured i~ereby, mortgagor covensnts
and agrees to pay to mo:tgagee ~with each monthly payment an sddiriona~ sum estimated by mutgagee to be equal to 1/12 oi the annual cost of the follow-
ing:
R=AII real property taxes levied or assessed against the above described real estate.
B-Premeums on (ire and windstorm insurance as herein requ~red to be carried on the improvements sitvate o~ the a6ove desaibed premises_
C-Premiums on such mortgage guaranty insvrance as mortgagee shsll from time to time deem fit to wrry on the ban sec~red hereby.
Mortgagee shali from time to time notify rta?tgagor in writing of the amo~nt due and payable hereunder and such sum shall thereupon be dve and
Fayable on tF~e due date af the ~ext monthly payment and each successive month thereafter urtil mortgagee shall notify mortgsgor of a charge in such
amount. Such sums sF.ail be applied by mortgagee toward the payment of real property taxes, insurance prem;ums, and mortgage guaranty inwrance
premiums. •
IN WITNESS ERFOF, th said MORTGAGOR has hereunto set his hand and seal the day and ar first aforesaid.
~ Signed. Se~l li in presence of:
~ • ~ ~
€ ~ ~D~ ?OITyt ~ ~
~ ~~X C18~Ulr ~O~i4
~4~ii1E~ 0
~ STATE OF FLORIDA ~ ~j ~ ~ ~ ~ ~
~ couNn oF 5r. UICIB ~ ~ 2C2~~9 t
le k
defae me person+lly ~ppeared `J~y A• ~p and
~ZafICQ 8 R• Sa~l@ his wife, to rt?e weil known and known to me fo be
the individwls described in and who exec~ted the fwegoiny instrument, and acknowledsed befwe me that they executed the same fw the purposes
+ ~herein expressed. And the sa'~ Rzanees R• ~'?~pl@
~ wife of the said `Tay A• ~~l@ upon • separate and pr'rvat~ i
examirution by me taken separata snd apart from her said husband, sdcrawledged to and befote me that she executed said instrument free(y and vot~rr ;
~ rarily and without sny compvlsion, constraint, apprehenison, or feu of a from her said husband.
4 WITNE55 my hand and official ual this day of A- 19 71
~
~ ~,r7~ t» . ~
~~v E
~
~ , Notary Publ'~c in and for the State of Florida at Larys '
My Commission ex p~res:
~ Retum Ta - N6TAR7 PU3LIC, S~ATE oF FIORiQA AT LAI~iE
MY COMMISSION EXPIRES SEPT. Z3. 19'78
~ First Federat Saviogt 3 loan Association ~2 h,~
` BONOfD TNBU fRED fN. 91E51E1lIORST
~ Of fort P~erce. ` ~ ~~1
~ ~~~Y~'~.
Fort Pierce, Florida ~ ,
~ ~ ~ J' .'lf..~
~ ' - : • t~ + • _ .~1- , i
~ This Instrument Prepared By J. D. ;~~s~i~l~ v' _ ~
~ First Federal Savings b Loan Association ~ '
of Fort Pierc~ Florida % `
- ~ I
.
Checked By . ~
~ o R ~g9 934 ~
aoo~
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