HomeMy WebLinkAbout1587 to pt~ and ca+~Mwoust~ ~hp on rM bv~'d~r*p~ ~w,w a MrNI?M Nfu~f~ on ~~~d ~~nd ~r+d on ~1~ cq,,,p.n~n~ •~~d p~~~y~a!t~ c~.e~ed M~~ ~wxrp.
sq~. w~~A ail p.emwny ~k~.~on pa~d ~utl, I~r~ ~n~u~~~+ce ~e ~M wual ~e~,.d~.d po~Ky fam. 1n a~u,n ~~;FltOrcd I)Y ~he Mc~k•i.aG[E. a,.d w~ndsro~m
m~wa?c~ ~~M wwl ~r~r~da.d pa,cy lan?, u+ • wm app~ov~d by ~hi M~RiG~GEE. i~ wcR cor++pan~ w cw.y~an~N ~?r MpR1i;AGEE may
dH~c~J snd N! iw~ and v„a+d~?orm N+su~anc~ pol~cw~ on ~ny ol ta~d bu~~d~nps, ~ny i~qre~t ~hae~e a part ther~ol, in eFa app~rq~~e wm ~taeud a
in ~ae~s~ dKrwf. sMll contwn th~ usual ~~~~da.d mon9y» c~avs~ a tiuth alw. c~auw a~ 1M Marp~y~e en~y requu~. m.\~np rho +o:s v~+dr u.d po1F~
c~ef. ex~ ind ~vkY. Mrsb+~ w s~d Ak~RIGAGEF q~b ~n~~?est m~y app~W. ~nd e~ch and •?'f~y s.~ch po:~cv sMtl ~e p~ompriy ~a q,.cd a~,d dcl~v~+ed ?O
M?d ~y w~d V10RiGAGEE ~s lur+h~r ~ec~r~t~ ro sa~d ~.aip~~~ debt, u+d, na I~u ~Mn ~en ltOl dayi ~n ad~a.+ce of ~M ~¦p~r~~~~ o( e~ch poi~, to dr
t+ver eo s~d MORTGAGEE • renewd IMreo(, roq~~l+w wi~A • rece~pt fw tAe pr~m~wn o1 wch .rnrw~~; ~~xf ?here ~hal~ be no f~ro o. w~~~d~~o~m inaur~nc~
plapd pn ~nY oi ~~d bvild~np~, ~n~ inf~r~st tMr~~n a pa~1 /Mrep1. un?eu i~ ~Iw (o~m and w~~h tht ;ou payaWe as ~fa~uid: ~nd in ~he evenl ~~y sum 1
o~ ^+oMY bKOnwc WY~bk ~ndK sucfi poiicy a po1K»s ~a~J MORiGAGEE ~Aeil Mw ~M opr~on ro .«r~YC a~~d apP~~ rne on ~c:wn~ 01 ~he ~~*dab~rd-
nes: setw~d Ae~sby or b p~tmit ad h10RIGAGORS fo rec~iw and us~ it p•ny pa~~ ~hereot fa o~nrr ~:~~t~mca. ..,+i,o~t ~h,~. u, :r .~„pa~~-
~r+p any pu~ry, IiM or r~pht unde~ a by virtw o1 Mis mor:,~ay~; a~d W? ~M ~ve.,~ ~a~d MOIi1GAGQRS. sMfl fw any re~wn f~i; to teep ~he ta~d prem~scs w
~ns~~ed. p(~il 10 dtlivd~ p~Omptly ~ny O( taid polKief Of intwant~ ro~a;d ~~prtTG~GFF. d hp p~pmptty fo pay tulty •ny p~e•~~~cm ti~crciw d~n anY
respea fail ~o p~.fan?, d~scM.ye, ~:ecvre. ~Ifed. complete. comply wiM Md ~b:d~ by this cove~+an~, o. any pa~t haraol. sa~d MpR1~;AGEE may p~ke •nd
pey 1a ~vch inw~•~ o~ any p~rt thKK?1 withou~ w~ivinp w sf(«~ir~ any option, lier+. pu~~y. o~ ripM under a by virtw ot ehi~ 1Nortflaqe. ar~d !ht
+vl! an+ovr?t o! ~ach ~nd e~wy such payrrwnl slall b~ immediat~ly dw and p~yabl~ and ~M~1 bear ~nteres~ from ~h~ dat~ thereoi vot,l pad at tM rate ol
~~~e per a.+rum pK annum and tpy~tAer w;rh such i~teres+ shai~ be sscu.ed by th~ IiM of th~i mo.tpay~.
1. ~o pKmit, comm;t or suffK no w~ste, impairmt~~ o~ d~~erio.~tan of ia~d prope.ry a~ny part theraof.
S. To pay ~ti ar~d sinputa. tF» costs, cM~es and r:pensea, ir+ctudirg a reasonaDk atro.ner's fee and cosn oi ab~r.scy of ti?te, ir.cuned a pa~d u
any time py said Mp$1GAG:E, blcavse d in tM ewnt of tl?~ failwe on th~ puf of the said MORiGAGOR to d~ly, prpmpNy ~nd fully perform, d~scha.qa
exerut~, efftct, complett, comply w~th ~nd ab~de by ~acA an~d every ~ht stiputatro~s, ~~lf:mtnh, cond~~~ons, and coverunn af saed prom~sso~~r note •nd rhis
marga~e ~ny w e~~he~. a~d u~d cosrt, ch~r9es and expenses, each and every. iMll be immed~ately d~,e and payabte: whe~her w r.ot ~here be no~~ce dr
mend, attempt to collect pr fuit pe~~d~e+g; u+d ~M full a~wunt ot each and every such paymeM shalf bea. in~eretl from ~he date thereof until pa~d N the
,rte o~ n+ne Ex. ocntum Nev arwwrn; snd ~II sa~d epsro. chsr9es and expenses incurrtd w pa~d, toyrther w~th ivch ~nlerest. ahall be iecured by the i~en af th~s
^~cxrpy~-
b. Th~t (a) in tfie eve~t of any breach of th7s Mortq~ w default on the part of the MORTGAGOR, or ;b) in the eveM sny of se:d sums o~ money
hercin refened to ba not promptly u~d fufly paid wi~hin th~~fy (3p) days next aite+ ~he same uverotly beconx due and payab}e, witi~w~ dtmand or notue,
cr (c) in tht evenf e~ch ~nd every tFK stipula~~ons, agreeme~ts, conditions and cove~anta of sa.d pranisw~y oote and th~s mort9age any a eifher •re nol ~
i~ly. prornptlY and fully performed. d~scharged. eaecuted. effected. completed, compl~ed w~ih and ab~ded Sy, then ~n e:tFxr or any such evem ~ha sa~d ag
~•egar~ wm mentioned in s~id prpmixsay note then rema;ninQ vnpa~d. with in/erest ~ccrued, an6 a~l moneys secured htreby, shsll become due and psy-
etr:e fathwith, Of 141lfNftN, ~f the optipn oi said MORiGAGEE, as Ivlly •nd comple~e~y as if all of the said sums oi money M•ere or~g~naliy st~pulefcd
ro be pa:d on such day, anythiny in sa:d prom~ssory note or in this Mortgage to the conrrary norw'vths?ar~du~g; and rhereupon or fhereaiter af ihe opt.on of
se:d MORTGAGEE, wiThovt rw~;ce w d~mand, suit at law o? i~ equity, the~efwe or thereafter begun, may br o~osecuted as if all moneys saured hereby
nad matured pr~or to ~ts institution.
7. TM~ ~n tF+e event tA~t at the beginning of a at any time pcAdi~g sny wit upor+ this Mortgaqe, o~ ro(oreclose it, or to refcrm ;t, o? to en/orce
payment ol sny clsims l+ereu+~der, said ARpRTGAGFE shall apply to the Court haviny jurnd+ction thereof ior the appo~mment of s Rccc~vrr, such Court shall
f«thwith appo~nt a receiret p1 seid mptg~ged ptpoerty aB and si~qVlN, irKlud~ng aU aod sing~lar the income, prolds, issues ard rcvenues trpm whatever
s~,rce derired, each end every of whKh, ~t be~n9 expreasty unders~ood, is herebr morigaged as ~f spec~i~catly se~ farh and descr~txd in the grant~ng a~d
habendum dauses hneof, and such Rrceivar shail Mve all the Moad snd effect~ve funa.ons and powers ~n a~~wne emr~sied by a Co,:rt to a Recei~er, a~d
ti~ch appoi.~tment shall be macie by suth Court ai an'admined equity and a mattd of aDsoluro rgAt to said MORTGAGEE, and wi~hou~ reference to the
edequacy w inadcquacy of rhe wlve ot the propaty moryy~ged or to the sWve~cy or ;nsoivency of taid MORiGAGpR or the defendants, and that such
-e,~fs, profin, income, iuves ud ~evenves sMll be applied py such Recener accord~n9 to the lien w equ~ty of wid MORLGAGEE and the praceice ot sucA
CouR.
8. To duty, promptly and iully perform, dixharge, execute, effccf, complete, compfy with a~d abide by each end every the stipu~at~ons, agrccmmts,
:ond~tans and covenanu m sa~d p~om~ssory nore and th:s mortyaye set fath.
9. 2Aat in the event the owncnhip pf t1+e mortg~yed ptemises, d any p~rt tnrreof, ~K vested in • perwn other thsn the MORTGAGOR, the ~
N?RTGAGfE, irs ~uccesswn a+~d awgns, may, witFwut no~ece to fhe MORT^vAOR, deal wnh sv:h succeuw d successor in interest w~~h reference tq this
me~+gsge ~ad the debt he~eby secvred in the sune mann~y as w~1h Mongagpr withe~t in any way v:t:ating o? dexha.gin~ the Mprtgagori liabiiity her~
u~der p ~pon ~he debt hcYeby secured. fYo saie of ihe Frcmises hereby mortgaged and no fwbea.ance on the pan of ?he A10RiGAGEE or i~s successors
o. a:sigrts and no ea~ens~on of the nme fw the payrnem of the debt hereby sec~~ed 9iven by the MpRTGAGE~ or ~ts auccessws er ass~gns, s>>all operate
+o .Nc~x, d~xhar~e, mad;fy ~Mnpe o. ~fiect the org;nal (iab~i~ty of the MORTGAGOR here~~, eifher in whoir w in part.
10. It is spec~ficslly agreed that time is of the cucnce of this coMract and that no waiver of any obl~gaf~ore hereunde? a ot the obligateon se
c:,~ed hc?eby shati a~ any time therealter be ~id ro be a wa~ver of the tKms h~reof o? oi the instrumen~ secured herby. '
11. In add.Y,o~ to the forego.ng nwnthly paymams o~ pre~c pal and imerest requ~red by the prom ssory no!e secured hereby, mongagor covenants
a~d agrees to pay to mortgagee v~rth esch mon;hly pay.rent an add~~ional sum est~mated by mo~tg~gee to be eqval to t, ~2 0! rhe an~c,al cos: of fhe fofiow-
.
A-AI, rea~ properry faaes kv~ed a assessed agai~st thc above described real estate.
B-Prem:u-~s on fire and windstam ~nsurar.~e as here~~ requaed to be carrieci on 4he ~mprorta~e.~ts s~tuair or ttk abcve d~sc:~brd ~:rcm:ses.
C-Prem~um: on such matgage gwranty mwra.•ce as mortgagee sF~ail from t;me to fime deem /it 1o carry on Nx loan sec~re~ hereby.
MorTqsgee sha:~ !.om nme +v r;rr~e ratif~ mongagor in wrir,nq of the amount due and payabie hereundrr and such sum ahall the:eupon be due and
; arable on +he dve datc of ~he rre¦t monthly pay~ntnt and each successive m~fh thereafter ucti~ mortgagee shall not;fy mortgagor of a change in such
_-~ewit. S~ch sums sNa:i ~ appl~ed by mwtgsgee toward the payrrxnt oi real prpp~rty ta:es, insurance prem.ums, and mortgage qvaranry iruu~ance ~
: -erniuml.
IN WIT~~EaS V~HEREOf. rhe s~~d MORTGAGOR hss hereunto set his hand ar+d seal the day ~nd year first afwcsaid.
iQned, Sea ~~tiv ie the qesence of: , '
iflEO AND RfCOq w~ ~ r~.- an
S~.lllClE COYNtY ~aq ~
.n
- c~ER~
c
Rcwt
ee~ia~
- RECORp Vf RIFIEQ aq
Sou~HTr oFOain~ y,Z.. LuCIg } ss. ~1 ~J 42 ~ ~~1 '~(1 ~ ?
341~ ~
e~f,.~,,,~,,~,o„~,,,,.~„~ David L. Zay1or. a sin92Q adult: a,nd L2oyd Tay2os ~
C~O~il~ raylOZ _ his wife, to me wett Enown snd known to me to be
rhe ind;rdw3s dexr;bed in and who txecuted tht fwe9oiny instrum~nt, ~nd ~ckrwwted9ed before me that they executed the ssme for the purposes ;
~,~~a. ~„a •,:d C lot i 1dQ R.?ay los
w~{e o( the said - Lloyd ?aylor ~pcn • sepa~ne a~d pr~v~q
e:amiMtiw~ b,~~~ ~p~n f~~ ~ k;d a ~fae me that she executed sa~d irutrvment freety snd votuir
re~,~Y +~`~~d~v? cionstr~int, apprehension, or feu of a frwn he? said h~sb~nd.
~ r~L_ ~C ~ _ d.,, of Janua?s A. D. 19 71
~
a L: Q ~:~p % • ~
_ ~?t; ~ : - r~~
='4: ~..y Notsry Pvblic in s~+d fw the State of Fbrhi~ d lar~
i. G : : My Comm~uion expires:
- ~ S ~ y''•`~'•'~: ~ Pi:.iAr"Y r.iF:'!". .°tF1E ~f rit??:`u`A it URfiE '
~~T~ ~ ~s~otiat~on
~y~/O ~~f MY Cotr.~~,~S~Gti EXPtRES NOV. 17,. 1974
~~~~p~ W:iUEO tt~KV~.,H tK~;; w. uccSiE~.+.1R5~
'hiH,~ r
.-~~'4 ~ ~ ~ ~ ~ ~ _ ~
This Instrument Prepared By JOhA W. CC113ns
First Federal Savings b Loan Association
of Fort Pierce ~ RlOtida ~
Checked B
~«~~.89 ~~.5~33
. ~ ~ r ~
~ . ~ . _
~~~s~~ ~ ~ . ~
~ ~ 2 _ s . - . `W .~r~~~ ~,sa~