HomeMy WebLinkAbout0777 To p~ace and contiouously kcep on fhe bu~!d~ngs now a Mrea(ta s~twts on eaid land and on all equiFmcM and personally cover~d by this mortg-
~ga, w~th •II prem~ums thsreon pe:d in (ull, fire in~ura~ce in ths ~~val standard pol~~y lorm, in • sum epproved by Ihe MOR~GtGEE, a~~d w~nda~orm
~nsuran:~ i~ tM utual uand~~d po~.cy fo~m, in • sum approved by the MORTGAGEE, such compeny tanpanies as the MORiGAGEE may
d+~ec~: ~nd all firs and w~aditorm inwrar+c~ poliue• on anY of sa~d build~nfls, any intere~t therein or parf Ihereol, in ~he egg~egs~e tum •taesa~d w
in ~ateu Ihe~eof, tMll con?+in t}~ ufual itanda~d mwtgages clause w such o~her clauss as 1hs Mo~tyagce mey requ~re, maAinq ~t~e los~ undr~ aa~d pol~
c~ef, each end evary, payable ro sa~d MORTGAGEE ~f its inferes~ may appear, •nd each and every ~uch poiicy shall bs p~on:p~iy ass gned a~~d drt~verrd ~o
sny hald by sa~d MOR(GAGEE as iurth~r secuiity ro faid matga~e deb1, a~id, not less tha~ ~en (101 days in edvance of the exp~~at~on ol eech poGcy, to dr
Ilve? ro seid MORTGAGEE a rtnewal thereof, to9~tMr with a tece~p~ fo~ the premivm ol such fl~MWd~; d~1fl ~here shall tx no i~~e or wl~~dswun ins~rance
plsced on a~y ot sa~d build~n9s. +ny interest the~e~n a part thereaf, unless in ~he form and w~~h ihe loss payable as aforeseid: and ~n the ev~nt any s~m
of money beco~+es payable uoder such poliq a poliues taid MORTGAGEE shall Aave the opt~on ~o rece~ve and apply ~he same on eccov~~t oF ~he ind~berd~
ness setu.ed hNeby w to permit faid MORTGAGORS to reteive •nd us~ it ot any ~a~l Ihrreof tor oi1„•r • urE,o:~•s. .~.~~ho.:t ~h:~..>; ~r~.~ c~
infl any equny, lien w r~gM under or by virtue of this mo:!yage; a~d '+o the ~veM sa:d MORTGAGOR$ shall fa any reason lail to keep the sa~d p~em~ses so
~nsurcd, or fail ro deliver paumptly any of said po~~cies of insws~+te ~o sa~d MORiGAGEE, o~ fad p:omptly to pay f~11y any p~e~~~~u~n thc~efor or ~n e~~y
respecl iail fo per~am, d~scharge, e:ccute, effed, comple?e, comply wi~h ~nd ab~de by Ih~s covenanf, a any pare hrreo(, sa~d MURTGAGEE may p~ace a~•o
pey fw such ~nsurance e~ •ny part thereof w~~hout waivinq a afFectin9 any opt~on, Gen, equ~ty. o~ r~gM under or by v~r~ue oF th~s Mongage, and the
t~li amount of each and every such paymem shall be immed~ately dus and payable and sha11 bear imerest from the data thc~eof un~il p~~d at ~he ra~e ot
n~ne per cen~um per annum and to~ether with such interest shall be sec~red by tFx lien of this mortgaye.
To p~rmit, commit or suiier ~o wast~, imp~irment a deterioratio~ of aaid property or any part thereof.
5. To pay all aed singular the coat~, cMrqes and tapensts, indud~ng a reasonable atto~nry's fec and cests o( abstracls o( tiNc, incurred o~ pa~d at
any t~~r,e by seid MORiGAG:E, txcause or in Ihe event of fhe fa,:ure o~ the part of the said AIORTGAGOR to duly, p~o~npNy a~~d fu~~y pe~iorm, d~sct.arge
erec~te, eifect, tomplete, tanply w~th and aG:de by each and every ~he stlpulanons; sgreementa, cond~~~ons, and cove~~enta o1 said rro:n;;sory nure e~~d th~s
~~ongape any or ather, ~nd sa:d costs, cha:gea a~d eapenses, each and e~e.y, sha~l be ~mmed~ately due and payabie; whether or no> >h~re be ~once d.-
mand, Ntempt to coltect w suet pe~xi~n9; and the ful} amouM of each and every s~ch paymem shall bea~ interes~ from the date thereof ~ntit pe~d at ~he
•,,re o+ ~~ne per crnrum per annun~; and etl said costt, chargeY a~x! ex;>rnses ~rxurred a pa~d, toyether v~,.rh such ~ntr~rs~, shafl be sew~e~ by the i~rn o1 th,i
mort9~ga
b. 11+st (a) in the event of any breach oF this Mortgage or default o~ the part of the MORTGAGOR, or ;b) in the event any ol sa d sums of mo.+ey
hrre~n refer~c~ to be not promp~ly a~d fu!ly paid within thuty (30) days next atrer the sanu severa!ly become d~e and payab~e, w~tlwu~ demend or nor~ce,
o. tcl in the event each u+d every the st~pufarions, agreements, condino~s s~d covenama ot sa d p~omisso~y nofe and ths morrgage any or r~~her a~e nol
i.,!y, p~omptiy and fully performed, dacharged, eaecuted, e}fected, compteted, compiied w~th and ab~drd 5y, then in a~her or any such event the ia~d ag
~~~ate sum menoo~xd in taid prom~ssory note then rema~nin~ unpa~d, with interest accrued, and ati moneys secvred hereby, sha~l brto~~~e d~e and pay~
ao e forthw~rh, or thereafter, at the opnon of sa~d MORTGAGEE, as fully ae~d complete~y as if a~t of the sa+d s~ms ol money wcre on9~na:ly ~i~puiated
ro be pa:d on iuch day. anything in sa.d pro:n~ssory note or in fh~s Mwtgage ~o the con~.a~y no~wlthstand~:p; and rhereupon or th.:reafre. at the o~:~~on of
s+~a MORiGAGfE, w~tho~t ne:ice or demand, su~t at law a in equity, therefore w thereafter beyun, may be prosecuted as if all mo~eys secured hereby
ned matured pr~or to ~ts inst~fut~o~.
7. That in tAe event rhat at the beg~nniny of w at any time pending any suit ~po~ this Mo~tgage, or to foreclose it, or to retorm it, or to enforce
paYment of any d~~ms he~eunder, said AiORTGAGEE shall apply to fAe Courf having ~~nsd.ction thereot fo~ ~he appo~nr~~ent of a Rece+rer, such Court shall
fcr~hwith appo~m e rcceiver of sa~d mortgaged prooerty all and siogular, inctud~ng atl a~~d s~~~guiar the inco~ne, pro(ns, iswes and reve~~ues from whate~er
s.~urce deri~ed. each and every of wh~ch, d be~ng expressly unde~stood. Is hereby mor+gaged as ii spec,!~caity set fa~h and descr~bed in the granting a~~d
hsbendum ctavses hereoi, and such Receiver shall have aIl fhe Woad and ef(ecrive iunct.ons and powers in anyw~se entr~ated by e Cou~t to a Recr~~er, a~~d
s.:h sppointment shatl be made by such Court as an admittcd equ~ty and a maner of ab:o~ute rght to said MORTGAGEE, and wi~hcuf referrncr to the
.:i~~q~acy or insdeqwcy ol the wtue oi Ihe property mortQaged or to the sonency or ~nso:vency of sa~d MOAIGAGOR w ~he defendams, and that svch
~e•~~s arofits, irxome, issues s~d revenues shall be apphed by tuch Recewer acco~d,ng to the Gen w equ~ty ol sa~d MORTGAGEE and ~he pract~ce of such
Court.
B. To duty, promptly and futly pertorm, discharge, execute, effect, complete, comply with and abide by each and every the atipulations, agreements,
;or,d~t~ons a~d co~rnams ~n u~d pran~sswy no~e and th~s marfgage se~ lwrh.
9. That in the e~ent the ownership~f the mortgagcd prem~ses, or any part thereof, becomes vested in a perwn other ihan the MORTGAGOR, tha
ti•.'JRTGAGEE, ~n svccessas and ass~gns, may, w~thout no~ice to the MORTGAOR, deal wrth such successor or wccesso~ in ~nterest wrth reErrence to this
r-u•tgage and tFe deut he.eby secured in the same manner as w~th Morryago. wnhout in any way vit:ating o~ d;scha.g~ng the Mortgagors' Gab~tity herr
.,r.der or upo~ the deb~ hereby secvred. No sale of the premiies hereby mo~tgaged sr.d ne forbearance on ~F.e pan of the /~10RiGAGEE or its successo~s
e• ass~g.+s and ~o earens~on of t6e time for the payment of the debt he.cby secured given by the MORTGAGE'_ or its successwa or asa:9ns, ai:all opera?e
ro rrease, dachar9e, mod~fy change or affett the o~~ginal liab~fay of the MORiGAGOR herein, either in whole or in pui.
10. h is spec!f~ca!{y agrced that time is of ~he esu~ce oi this conrract and that no waiver of any obltgat~on hereunder w of the obligation se-
c~red hereby ahal~ a~ any time thrrrafter be held to be a wa~ver of the terms hereol or of the instrvment secured herby.
1). In add:uo~ ro the fC~ego ng monthty psym-nls Of princ pal and interest requ~red by the prpmiswr~ no!e secured hereb~, moriga~or covenants
i•:d ag~acs ro pay fo eio•tgagee v~~th each monthly pay~r,em an add~~iona~ sum esr~mareJ 67 mor~gjgee to be eq~al to l, 12 0l the annual cost oi the fofiow-
,
A-Att .eal property taxes lev~ed or assess=-d agai~st the above desc~~~ed real es~ate.
~ g-Fr~nc~;.•ns on f~.e and w~ndsrorm inswacce as here~n requ:red to be ca~ried on the ~mproveme~ts s;tvate on the above desv~txd premises.
C-Pre:niu~r.s oo such mo+Tgage guaranty insura~~ce as mortgagee shai! fro~^ t.me to time deem fit to carry ort the loan ucured hereby.
~ Morrgagee s~a ~~•cm ~~~+e ro time nor~fy mortgagor m wrif;ng oi the amount d~e and payable hereundrr and such s~m shall thr:eupon be doe and
c+.able on tfie d,e da•e of ~he ne~et monthly payment and each successive month thereafter u~,til mortgagee shatl nor;fy mo.tgagor of a change in wch
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; e•~ounr. Such s~:ns s~ a~ tx appEied by mortgagee toward the payment of real property taxes, msvrance prem.ums, a~~d mortgage g~araMy insurance
e
E : •emi~ms.
: IN YlITNESS 'NEREOf said MORiGAGOR has hereumo ut his hand and seal the day and r first atoresaid
~ - Sgned, d ~ r presence of: ~ 7~/` .
~ ~ ~ " ~ ~ (Sesiy
~
~ ^w _~Sea!)
~ jxL;-~ 7~ ~ ~1t~A [ ~1 ~?..cLa1)
~ _
_ (Sealj
~ S'ATE OF fIORIDA
~ ~ SS.
~~ur~n of ~t. :.Escie ~
~ de~ae me personally appeared To!ru?{}r C. Thompson ,,,d
~ _ SY:ar~n L. Z'~:Of`'~^OI? _ h~s w~Ie, to me weli known and 4nown to me to be
~ r~~e ind~vid~a~s described in and who ~xecuted the faeqoirsy instrum~nt, and ~cknowledged before me that they eaec~tr! the same for the purposd
~ Thor~scn ;
~xP.~sxa. n~,d :.~d .~haron L. -
r~ T
~ « fe of the sa~d - 10fiI~? C. '~1027{pSOR _ upon • separate snd prfwrs t
: r.a.n~nst:on by me taken separate and spsr~ from ber said husband, ~t4nowlydged to and be~ore me that she ewecuted said instr~mem freely ar.d volurr-
: +a~~:y ar.d wnho~r •ny compuls~, constrairt, apprchens:on~r fear af o~ from her said huaband.
L7[
~ WITNESS my hand and offitial seal this__ l~ d~y of~ ~~a~__-- , A. D. 19__?~ ,
a ~
~ ~
- - t~~~
~~r Notary P~bli ~ end fw Ihe,,Stats of fbr~d• ~t luye
Y My Comm~s on e:pires: 6 ~ 9 7~
f Ret~m lo: ~
:~i f:rir iederal Saviry~ 8 lo~n Aswcfat~on ~
~I Gort P.trce , . _ . . ~~ti
~~i} icrt V:?rce. Fior~de . . . i~ :.a~~. . = a ~a ...ir
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- " _ ~ • . n~EO ~y~ RECORaeo
~~R - ST.IUCIE COUMTY FtA.
Th~s Instrument Prepared By J. D.: Chastain
~ - ROCf.R POItRAS
~ First Federal Savings 3 loan Association
= of Fort Pierce, ~~orida , CIE~K C~~~CUIT COURT
. _ RECOR~? YEk~=1E0~.~~..~
Checked By : FE8 I 1 ~(}s PH ~ 1 f
~ ~,~n~. J i
G'c~ A Y ~ -
~ gooKlyU ~4 . 1.~
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