HomeMy WebLinkAbout2774 To pi.cy a~+d con~in~wusl~r ~ep on ~i» bv~'d~.,q~ rww w iw~~ftN ~~rwN o~ ~~~d isnd and on ~~1 eq~ipmen~ •~d p~.w•+aH~ coYe+ed by ~h~~ ~~a
w~tA ~11 pr~m.vn» N~e~eon p~.d ,n Iu1t, 1~~ M~w~nc~ ~n rM u~w1 a~ndaQ po:K~ fa~n. m• wm ~pwu+ed b~ tl.r MuR~~%.GEf. •~~d w.:xi~twm
~+wa~a in ~M uwa! .~•„d..d paKy 1a~w, i~ • swn p~o.~d b~ ~M MORTGAGEf~ in ~,uh campany or canpan~•t as r?+~ MORiGAGfE ~+ay
dNectj «+d NI fir~ ~nd w~a~n~ inw~~nta pWKi~i on ~n~ o) ~~~d bwW~pf, ~ny if11f/H1 Mwtm w par/ 1Mreo1, ~n tM ~qpr.•pa~e wm ~faztud o~
h+ ~aC~a ?Iw~~ol. sMll coet~in ri» v~w1 ~~~ndud mor~qapK ciww a~ucA a1+N d•uw ~s tM M«~Q+~N m~y rpvu~. m~?~np ~t,~ ~o~~ u.~. ~.~d po1i~ :
c~. ~ach and ~vMy. Mrabs~ a wd MQR?GAGEf +s ~n ~~qaa m~y ~pp~p. and eac?+ ant! ~v~~y ~ucb poi~cy ~MII M p.ompHy a~~ yned •nd de~wa.ed ~o
~ny !NW by s~d MORTGAGiE as Iv.Hwr ucwiry ro a~id mori~•y~ d.b~. ~rnl, na leu ~hN+ ~er. (101 dars i~ ad~arK. ol ~M expu~ba~ ol e~ch pohty. ~o dr
i~w. ro a.d MORiG~?GEE a r~ewal tMrwf. ~op~~hK with ~ rece~pt (oe tM pr«niwn ot ~vch r~new~~; .nd rhere ih.il b~ ro f.re o, w~„d~io•~.+ in~w~nc•
plscYd on any o1 u+d build~nps, any intx~q tM~~~n a pa?1 t1~~o(. vnlea in ~M tam ~nd w~~h ~he iou p~~abl~ a~ ~fwes•id: •nd in ih~ went any w'n
o~ ^wrwY beconw W~+b1~ +nda wch policy a polKie~ wid MQRiGAGEE shali Mw N+~ op~wn to ~eco~re and ap~,ty ~M s~n,~ on accuun~ of ihe ,~xfebfrd-
ne+~ ~ecuad Iw~tby a w pNmit N~d MQRTGAGORS f0 fKfiW i(1d YN It p IBy ~N/1 ~bltC01 IW Othr~ yu~~ Otrf. .y~U~G~t th ••a U~ v~~~vi ~n~~~•.
inp ~ny pv~ty, I~~n or rght w~de~ a bp virtw of this morspay~j and in ~M ~wro ~a~d MpRTGAGORS ~hall fa any reaw~ (ail to keep ~he s~~d prem~~e~ w
~nsund, a fail w d~liver prompNy ~ny of ~aid polieKa of inauranc~ W aid MOR~GAGEE. or f~~l prompNy to pay fu!!y any ptern~~m ~hereta w~n any
,rspea (~il ro pNiam~, diuharp~, execur~, ~if~d, compbt~, comply with u~d abid~ by thi~ cove~anl, a any par~ he.eof, s4~d MORiGAGEE may p~~ce ano
p~Y tw such irou~~nc~ u~ny put tFw~eof w~thuul waivinp or ~ffectinp aey option, li~n, equ~ty. a righ~ vnda a b~ v~.tw ot this Mar9pe, ~nd the r
f~ll ampuM o/ eath ud fwry svch p~yrt»nt tha!! p~ irewnediat~ly dw a.~d py~bb ~nd shall bear interesl from IM dat~ thercof un~il p~id u the ~at~ ot
~~ne pa centum pN ~nr?um and together with svch inte.es~ sMll ba sccu~ed by tM lie~ of thif mpt9age.
1. To permit, commit w wff~r no wat~. impairment or deiarior~tion of said property w~ny part thereof.
5. To pay all aed uopula tM cwts, cfwrp~s and ~ap~naes, includ~r+y a rrasonable ~t~aney's fee and cosrs o( abs~rac~s of t~tle, ~ncur.ed w pa~d er i
any tims py ssid MpRTGAGEE, becaus~ d k? tlw ~vent of tM ~ailura on the patt of tM aaid MORTGAGOR to duly, promptly ond f~lly pe~lorm, d~uha.ge.
r:ecut~, elfec~, compleq, comply wnh and ~b:de by ~~ch ~nd every the stipula?;oni, agreements, cond~~~ons, and co~renams o1 sa~d p~om~awry note and ~hls
matpipe iny a eitFw~, ~~d sa~d coits, charqes ar+d ~xpenaes. each ~nd every. shall be immcdiately due s+od payable: whethe~ or not ?here be nonce da
mand, anempt to collect o~ suit pend~ng; and th~ futl artieunt of each and every s~ch payment shall bea. inte~es~ f~om ~he date thereo4 un~il paid at tht
~a~e of nine per centum pe~ an~~um; a~d all sa;d cosn, cMryes and expenxs i~currad a paid, ~ogether w~th iuch interes~, ihail be secured by the I~en of thu
morfyap~,
Q TMt in the evte~t of sny breach of th4 Mwtya~ or default on the pan of the MORiGAGOR, w(b) ~n the event •ny of sa:d sums of money ;
herein r~(erred to be not prompHy and fully psid within th~rty (3p) days ruxt after Ihe same tevera!iy become due ~nd payable, witho~t demand or notite. ~
or (cj in the evcnr each -~ve~y the tripuiatio~u, agreernenis, cond~t;ons and cpvmanti of sa;d promissory note and ~h~s mort9age any w either are nW
~uly, prompNy and fvlly p~rformed, d~xhsrged, ezecuted, effected, completed, compl;ed w;th and abi~ed Sy, then in e~ther or any such event the sa~d aQ
gregate svm mentiorxd in said prpniuory rate Ihen rem~ininy unpaid. witl? interest accrued. and all rtqneys secured hereby, shalf kxcome dve and pay
able fwtAwith, w theresfte~, at tM option o( said MORTGAGEE, st fully and compktely is ii all of the said sums of money we?e a~g~nally st~puiated
to be paid on such day. anythiny in said promissory note or in this Moregage lo the contrary notwithsta~dfng: and thereupo~ a thereaher ~t the opr~on of
:aid 11WRTGAGEE, w+lhovt notite p demand, suit at law o? in equity, therefwe w thereaher begun, may be prosetuted sa if all moneys setured hereby
had rt+atured pr~o? to iri institution.
7. TMt in the event tMt at tha begine~;np of o~ at any time pending any tuit upon ~his Mwtgage, or to foreclose it, o? to reform it, or to e~torce
payment of any ciaimt Ferevnder, said h1a7. RIGAGEE sMl1 apply to the Court hav'~ng jurisd~cuoo thereof iw the ap~wintment of a Rece~ver, such Coun inail
iorthwith appoint a receive~ of wid mwt~aged property a11 and singvlu, includ~ng all and singular the income;•prolds, issues and revenuca lrom whatever
scurce derived, each ~nd evHy of which, it bein~ expreuly understood, is hereby mortgeged as if spec~iically set fath and dewibed in tha gran?~ng and
habendum clauses hereof, s~d such Receive? thall have sll the brosd snd effettive func?~ons and powers in anywise entrusled by a Court to a Recriver, a~d
i~ch appointment shall be made by wch Court u ~n admitfed equity and a matt~r of absolute right to said MORTGAGEE, and without reference to the
edeqvacy p inadeqvacy of lhe valw of the property mortgsged p to the sotvency w insolverKy o( said MORiGAGOR p the detendants, and that such
rems, profits, incane, iuues and revcnues sha~~ be app~ied by such-Receirer according to ihe lien or equity of sa~d MARTGAGEE and the prect~ce ot auch
CovA.
B. To duty, promptty a~d fulh perform, discharyt. execute, effec?, complete, comply with and ~bide by esch ~nd every the :tipula~i«u, agreements.
co~ditions and covenants ir? sa~d promissory note ~nd this mortgage set fath.
9. That in the event the ownership of the mortga9ed premises, w any part thereof, becomes veated ir~ a penon other than the MORTGAGOR, ths -
MORTGAGEE, in wcceuora and auigns, may, without notice ro the MORTGAOR, deal with such successor d s+xcessor in inte~est wi~b reference to th~s
mwtgage and ~he deb~ hcreby securcd in the same manner as w~~h Mor~gagw without in any wsy vitiati~g w d~scharging tF?e Mwtgagori liabiiity here-
under w upon the debt hereby secured. _ No sale of the premises hereby mortgaged and no torbearance on the part of .the MORTGAGEE or its successws
or assigns and.no exrens~on of the rime fa the payrrunt pf the debt hereby secured given by the MORTGAGE~ or its successors or ~u~gns, atiall operate
to release, d~xharge, rtadify change a ~ffect the wiginal liability of the AAORTGAGOR herein, eithe+ in whole or in psrt. ~
10. It is spec~ficalty agreed that timc is of the essence of this conuact and ~hat ~o waive~ of any obtigation hereurxler or of the obligation se•
cured hereby stcafl at any time the~eafter be t)d to be s wa;rer of tF~e terms hereof or of the inslrumeM secu.ed he~by.
11. In a3d~tion to the forego:ng thly payments of princ'pal aod i~terest ~equ~red by the prom~ssory no!e secured hereby, mortgagx covrrunts ~
and agrees to pay to mortgagee with each onthi yment an add~rional sum estimated by mortgagee to be equai to 1,'12 of the annual cost oi the ~ollow-
tng:
i
A-AIt real property taxes levied a assessed agaiost 1he above described real estate. ~
S-P~rm~ums on fire and windstorm inaurance as hetein requ;red to be carried on the improvemeih situate on the above described premises. ~
C-Premiums on such mwtgage guaranfy insurar~ce as mortgsgee shall from t~me to time deem fit to carry on the loan secured hereby.
Mortgagee shail irom time to time notify mortgagot in wrifing of 1he amount due a~d payabte hereunder and such surn shall thereupon be due and
F ayable on the due dare of the next month!y payment and each successive month thereafter ur.1i1 mwtgagee shall not~fy mortgagor of s change in auch
a~-+o~nt. SNCh sums sNa!I be applied by mwtgagee toward the payrrKnt of real property taxe insurance p~em:ums, a~~d mortgage guaranty insurance
p-emivms.
IN WITNESS WHE F, the sa' RTG R has hereunto set his hand and seal the y and year first sforesaid.
' ned. Sealed deli ed p qf:
FtlEO ~tt0 RfCORDEO ` Q/_yf~,r ' rw ~
ST.lUC1E COU!!TY flA. - " ~an ~
t ~ ROGER P01?RAS ~.q f
6lERK CIRCUIT COURT , • n ,
~ RECORD YEttIF1E0.~•••
. ' • 'n ~
STATE OF FLflRIDA ~E8 ~ ~ ~ ~ ~T, ' `r,• ~ :<~~•f'
` ~
co~NnroF St. Luc3e ~ 2Q406U 4'~'~ Q`~ '
e~r e me penona~~p .p~e,~ed Warren J. Nelson o+ ; ~.;,,~~s,i',',~ z j
i . -
~ his wife, to me well knovrns~. ~
the indirid ts described in and who exet~ted ths fore9oiny instrument, and ackrwwiedged befwe ms that they executed t11p ~A ~
therein exp~a~ tfie aa' 38C(`U~ (~i. ~1301'1 • .
.vife o~ ths said1~ Warren J. Nelson , . " • ,r ~
~Po~ ~•~~?~ff.AtW'~jHl~.
examinition by rrM taken scparete and apart from her said husband, ackrqMdedged to and befwe me that she execufed said inatrument ~reelr antl~volwi~
raniy and w~thout any compulsion, const.aint, apprehaa' ~u of or from her sa;d husbar?d.
WITNESS my hand and olficial seal tM day of J~u A. D. 14_L! _
f
Notary Pub n snd iw the State of Florida ~t Lsrye
/ ~ My Commissioo ~xpird:
Retum Ta / ~~'~~Y ' " ~ ~I L~?t~oE
f;nt Fedenl Savings 6 loan Association I E",Y Ct% ~ . e
Of Fort P~erce. eo'1..c.D'..~.~,..~ .s. ,-..~t~JKy
foat Pierce, Flwida ~
7
~ 39~ ~
This Instrument Pre red B ,
Pa Y J. D. Chastain
First Federal Savings ~ toan Association
ot Fort Pierce, Itlo~'irjg
Checked B BOW~
~
i- ls
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