HomeMy WebLinkAbout2597 3. Te pbc~ ~nd ca?tinuowly ?~sP on N~ bw1d~~ now a Iwafa~ ~w~t~ ae ~.~d 4nd ~nd on ~It pv~p.rm ~~d paw~+~i~~ co.~.~d br ~lu~ mwp~
q~ v~ri~A NI p~ww~ M..~a+ pa~d in fr11, ti.~ Mww~na ~n ~M ww1 u«d«d poiK~ ~orm. b•~ww ~w~d b~r ~M MORrGAt,EE. a+d w~~am
~xMa In N» uwal ~und~ed pol.ql lanti In ~ w~w ppowd by N» MORIGAGEE. in wcA co~~p«~y o~ co~ani~~ a~~+t MORiGAGEE
die~ctJ ~nd W fi?~ ~+id wind~arn~ Maur~na policiN an ~ny o1 aid buil6+~i~. ~nV &~rht tANNn w part th~.~ol. M ~M .pp~.par~ sww afw~wid a
M~~a~ Nwwf, ~MII cont~in th~ wwl qM+dwd maq~pa c1auN a wch oti~ clwM N N» Ma~papN nw~ requa~. e+~?inp ?os~ ~ndN N+d pa1F
c~. ~ad~ ~nd wKy. ar.a. a s.id MORiGAGEE a~~s 'a?~~h1 app~M. ~nd Nch a~d we~y tucA poiKy ~h~ll b~ p.omp~ty a~~ y~+ed u~d d.~~w..d ro
.ny M~d by wd +wOR~W?GEE .s (w~A« s.cw~ry a s.kf mo.pq. d.w. ~nd. ~a 1sw ~Mn an 110) day~ in ~dw~nn of ~he e¦pu~tion of ~acA poi~cy. w dr
liw~ b wW MORTG/1GEE a ren~wd tM~~o1. 1op~dw with ~ r~uipl ta H+e p~~wn o1 wd~ r~newal; ~nd ~has shall b~ ra la~ a w~nd~~wm inw~~nc~
P~~ad on a+y ol wid bvildi~p~, any ietKal Nw~in w put ?M.wf. unleu ie th~ fonn ~nd with rM ioa payabl~ a~ afa~Hidr and in rM •~~n1 ~~y ~vm
oi wwn~r b~ton~ ~r+y~ vndK ~3,cA pdiey a policip wid MORTGAGEE sMli haw ~M optbn ro r~w ~r.d ~ppty ~M wm~ on ~cca,m d ~M 1~b~ed~ j
nns aecw~d iw~py a 1o pMmit said MORTGAGORS 1o naiw a?d uN It a~oy part tI~fPMI (a oihcr purposes, tiy~~hou~ ~hr~u~ wa~~~~~ o. ~„~p+~.-
inq +nr ~~h. ~ise o~ ?pht ved~? a byr virtve of tha +nort~ap~s ~rd in ~M ~wnt a~d MORTG~GORS sMll fa any r~awn f•N w ke~p ~h~ w~d p.e~+~~es w
~~fw~d, a lai) b d~livM proinpllY N+y of s~id polici~ p1 i~uw~na tp said MQqTGAGEE. or tail promptly to pay fully ~ny pr~mium thsrefor a i~ a~~
r~tpW lail q pNfam, dischuqe. utcur~ ~ff~tt. canpl~q. comply wi~h w+d abid~ by Ma oove~ant. or ~~y pa.t htr~o(, s~;d MORiGAGEE may plan and
P+Y fa such insw«+n or ~ny part rF~w/ wi~how walvMip a~ff~ct{np +^Y cMion, ~iM. puttY. a~qM undN w by vi.~w ol ~1u~ Mo+~qa~. and ~M
fu11 amovnt oi tacA ~e~d ~vKy sueh p~ym~n1 sh~ll b~ wnm~diahly dw N+d p~yibl~ ~nd ~MII b~a~ inreres~ from tM dst~ rhe~aof vor;1 paid ~t rh~ rar~ ol
n~M pK t~r?twn pN aixwm end topatht~ with wch k?ta~st slull b~ a~curtd by tM !iM Of Mi~ mptyap~,
r. to pwmir. cann~l! or wffp no wast~ MipaMrtNnt a dNKior~tiot? of said prope~ty or any pat ther~of.
S. To p~y ~11 aod tinpular th~ coaU„ charpp and ~xpMws, ie?clvdiny • r~ason~bl~ attwMy's f~e u+d costs o( abstracts of t~rl~. i~cur.ed a p~id at
eny tirrw by wid NIpRTGAGEE, b~caus~ a in ~I+~ ewnt af ~M fa~lw~ an ~M pan of ~M s~id MORtGAGOR ro duty, prompNy ~nd fully pNfwm, d~uFu.Q~,
execvt~. ~ffet~. aompkt~. complY with aod ~b;de b~r ~acA u~d ~wry the :tiputat~o%, ~y~sements, conditio~s a~d covenann of said p~omiisory note ar+d ~hu
+*+o.~pap~ aMr o~ ~i~he?, u?d said cwts. charpes and ~xp~++s~s, ~ad~ ~nd ~very. sMU b~ i~nmediat~ly due a~d pay.ble: wherhe~ o. nor iher~ be ~o~Ka de
m+nd. ~thmpt w oolkcl a wit pei+diny: and fM fult amounf of ~ach ud wKy t~xh payment ahall bea. ineereit fran the date th~~eo1 umil paid ~t the
raie o( nin~ pN cs~tum pa amwm; ~nd ~II s~id cos», ciwr~s and e~ep~ns~s inturnd w p~id, topetMr w~lh such in~~reat, fha~l ba iecwed by ths lie~ of tha
"'ort~ap~•
a That ~ th~ .wm of any breKt, of Nw Mo.+~ap~ o. de(a~Ir on M,. pan of tM MORTGAGOR, a(b) in ths event ~ny of sa+d sums of rtwn~y
he?ein r~f*rr~d ~o b~ not promptly ~nd fully paid within thirty (30) days next ~fre~ ~he sam~ sererally become due and p+yabb. wi~ha,~ demand or norice.
or Fn the ~vent each ~nd ~wry tM stipula~iorts, ~yr~ts, cp?ditions and cownanti o( sa~d promisso~y no~e and fh~s mort9pa ~ny or eithe~ are nof
iuly, promptty and fvlly pNforn»d, d;scMr~eed, execvt~d, ~if~ctsd, oornpl~ted, coinpli~d with and ab~ded ~iy, th~n in aither or ~ny ~uch evem tM said a~
9~egaN wm mentionad in a~id prpmissory nete fhen r~malning unpaid, with interesl ~cuued, and alI moneys secured herebY. thall become dw and pay~
•b~s forthw~~h, a tMreafte?, ths option of s~id MORTGAGEf, as tulfy N+d compkrely as if a!1 of tl+e sa~d wms oi mo~ey were ag~netly st~pui~ted
to be paid on such day. anytF~inp in sa;d promissory not~ or in this Mortpape to th~ contruy notwi~hstu+d~np; snd Ihereupon or thereaftet at the op~ion af
ia;d MORTGAGEE, without nwic~ p demand, wit a1 law w in equity, tl+etefoh w tMreaf~ begu~, m~y be prosecvred as if aN nwreeys saa,red h~reby
Aad matvnd prro~ ta in iMtitvtipl,
7. ih~t in tM evrnt that at the be9innirg df o~ ~t aey time p~ndinp any wit ~poe~ this MatgaQe, « to fwecloss it, a to refwm iL or to E~foru '
p+ym~e?t of ~ny cla'uns haeunde~. s+id MORTGAGEE shdl apply to the Gowt Mvirq jurisdiaio~ ~heceof iw ~he +ppointment ol ~ Receiver, woh Covrt shatl '
fOrt+tWilll ~~1ifi11f a fKlivN Of l~Id R10lfg~td pI0()t!!~1 ~U alfd illf~LlN~ inc0ud~n9 all and sin9vl~r the income, prolin, iuves u+d revenu~s f~om whatever
soura derived. each ~nd evcry of which, it beinp e~epres~ly w~d~rs~ood. is fiercby moregaged aa if speN(ic~lly s~t fortK and dew~bed in the Qraroiny and
h~bentlwn cla~sas hereof. and such Receiver shall Mve sll ths brod ~nd eHective func~~ons and powers fn anyw~se entrwted by a Cou.t to s Receiver, and
such appointmtnt ihall be made by wch Caxt as an admitted eqvity and a matter oF absol~~e r"~phl to said MORTGAGEE, and withouf reference ta tM
adequacy a insdeqvacy of the wlu~ of ~he poperry morqaped w ~o th~ wlwncy or inwlv~ncy of said MORiGAGOR or the defenda~n, and ehat such
rents, profits, irrcona, iatuES and ~evenues s}~U b~ applied by such Receiver accordMp to tM lien or apuity of s~~d MORTGAGEE and the practite of such
CouA.
8. To d~ly. ~arnp~h ~?d fvlly perform, duchu~e. exacut~, effect. cwnpkte, complY wi~h ~nd ~bide by cach and wery the stiputateons, ~yreements,
corKfitions a~d covenants in sa~d promissary rw~e and this mo~tQsy~ sef fwtl,.
9. 1Mt a~ the event the ownership of the mortgaped prani~es, or any psA thereof, beconees vssted in ~ psnon other than tlw JII~RTGAGOR, the
MORTGAGEE, its suctessors u~d assiyns, may, wi~hout rqtice ro the M~ORTGAOA, deal with s~rch successw a successor in inteaest with refcrence to this
mor~9+pe ~nd the debt I+ereby secwed in rh~ woe ma~nar as wirh Mwtgagor w~rhou~ i~ ~ny way vir~efirg a d~sct+~r9~rg tt+e Mw~yagors' Iisbility hertr
under or ~pw~ thc debt hereby secwed. No sale of tlr premises h~reby mortysyed ~nd no fabearance on the pan of fhr MORiGAGEE a~s succeason
or augru, and +a exrension of the tims fa the payment of the de6t Ixreby secured qiven-by thc MORTGAGE' w its wcu:sor: « assigns, ,ha11 operate
to release, d.xh+rpe modify chany~ or affect ths wiginal liabiliry of the /NORTGAGOR hereiey eilhar in whole w w? part.
10. N is specifically a9reed tMt time a of the essenc~ of this cw~tr~d a~d t1?~t ra w~iver of any obliga~ion herevnder or of ths obliq~twn se- '
cvred h..eby shatl st..ny rin~e rhersaher b~ held to be ~ w~iver of tM terms hereof or of tM instrument secured fierby. ~
I1. In add~t~on to the forego:ng monthly payments of princ'pst and iroerest requi?ed by the promissory note secured herrby, mwtgagw covenants E
and ~rees to pay to mortgsyee with each mon~hiy payment an add;r"a~al sum estimaled by matga~ee to be eq~sl to 1% 12 of the annuat cost oi the foilow-
ing: •
A-All re~l properfy t~xes levied or assessed ayairqt the above dexEibed real estate.
B-Premiums on iin snd windstorm 'wawance as herei~ requJed to be can~ed on the ~+provemenri sitwte on the ~bove desuibed premises.
C-Premi~ms or~ such mortgage gvaranty insurance as mortgagee shall from time ro time deem fit to urry on the ban secured hereby.
Mo.tgagee :hall from ~ime to time no?ify mortgagor in writin~ of the amount due and payabk hercunder and such wm shalt tl,ereupdn be d~e ar+d
payabt~ a? the due d:te of the next mw~thiy payment and each successive month fhereaitar until morigaqee shal! notify mo~tgagor of • ci?ar~e in such
amou~t. Such sums shall be applied by mortgagee toward the p~yment of real property taxes, insurante prem:ums, and mwt9a~ee 9varanty insurance
p~emiunq.
IN WiTNESS WHEREOF, the said N10RTGAGOR has hereunto stt his hand and xal the day and ye~r ilrst • oresi
n'Sgneyd,,S~alsd and d'vK~d in the presenoe of: ~
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STATE OF fIORIDA 1 -
tOUMY Of L.t~CIB ` .
a.tw. m. ~.w,.th a~.a,.d Fzits L. N~r=i• ~
1~1~Z1oAf MOI't~• his wife, ro me well known ~nd kr?own ~o me to b~
the indiridwh desc~ibed in ~nd who ~x~cw~d ths for~poinp initrumrnl, and ~clcnowkdped before m~ tMt they executed the same fw ths pwpw~s
~~e..u, .xp.h.ed. ti,a n» ..~d- Mar2en~ Ptc~zia '
w~t. of rM said _ RZits L. NotZt• upo„ . sepa..a and p.iratr
e:an?'a~at~on by m~ tak~n ssparats and ~part from I+K uid hwband, adcnowlsdp~d ea a~d b~fa~ m~ that sh~ sxecuted isid instrum~nt fr~ety and ~rdw~-
r~rity ard w~~hout any ca~wtsioa, cautraint, apprehena;on, or fear of a from M~ said husband. ~
WITNESS ~ny ha~d ~nd offici~! s~al ~hl. ~ 7a
.fj ~y a
f .~iD A. D. 19~~.. ~
tsry Public in and (a Iha Statt of fbrida ~t lar~e
My Cwtvnisaia~ tupirp:
R~twn Ta. ,~~„~nr~.,,+ ~'fAl1Y ~11SL1~. =TA?E ~ F~ORI~ ~T
fint f~dsrd Sarirg~ i loan Aswciat~on ~1Y COMMtS~17M EXPIRES SEPT. 23. i~
Of fwt P~erce- ~ 1~1~9 ~111D fwD w.
• pIFi1E1NOp~
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Fort P'~ce, FI«id~ ; ~
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Th;s Instrument Prepared By JohD W. C03~~~~ : . - Qp EA ~61TRA= ;
First Federal Savin~s 3 loan Assotistion :J' : ClLllk C«CiJlt COYIIt !
of Fort P~erce ~ Rlosida .~;~,r I - RECORD vENii~EO~..~.~.~
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