HomeMy WebLinkAbout0779 To pl~c~ ~nd ca+llnuo~~ly kNp on tM buildlnps now w Mr~~f1N sit~at~ on ~~kl I~nd ~nd on ~11 puipm~nt ~nd p~non~lly cov~r~d by 1hi~ mort9.
sy~, with dl premium~ thsnon p~id in fuli, fir~ in~uranc~ in tF?~ usu~l ~undud poticy form, in • ium ~pprovtd by 1M MORiGAGEE, •~d w~nducrm
in~ur~nc~ in tM usw~ Hu+dud polKy 1orm, In • wm ~PWcvtd by tM MORTGAGEE, in suth tanpa~y or • ta++psnuilL ~h~ MORTGAGEE may
dinc~i ~r~d ~11 ii~~ end wind~rorm i~~uranc~ polki~s on any of f~id bH1Idi11pf~ i11y 111t~f~~1 fFMf~lll Of Pi/i fMflOl, ln tM appreq~te ium ~fa~~aid w
In ~xc~s~ therwf, ~MII cont~in tF» uwd ~t~ndsrd ma~p+pN claus~ a such o~M~ cl~us~ tM Matp~N may r~qu~r~. makirg th~ loi~ unde. sa~d pola
c~~s. ~+ch and ~v~rY, paYabl~ ro~~id MORTGAGEE a~ it~ iMK~it maY ~pp~ar, ~nd ~ach and ~wry wch poGty ah~U bt promptty a~s.9rted and d~~~vercd ro
•ny Mld by Nid MORiGACsEE as tunhK Ncurity to aid matp~p~ d~bt, snd, not I~q IM~ t~n (10) days i~ ~dvant~ of th~ ~xpi~ation of e~ch poticy, to dt~
I~v~r ro s~id MORTGAGEE ~ ~~wal ~h~rwf, Iop~~M+ with a nc~ipt for tM pnmiven of ~uch ~tewwalJ and th~r~ ahall b~ no f~n or windtto~m in~ur~ncs
pl~csd on any of s~k! buildinp~. a+y Mtapt thK~in a part th~r~of, unt~a i~ ~he iorm ~nd with 1M los~ paY~bk ~i ~iw~s~id: ~nd in tM •~en~ any sum
of mon~y becoma pay+W~ und~r ~uth polity or po~ici~i Nid MORTGAGEE ~hall Mw d» op~ion a nulve ~nd spply tM sarrH on accoum oi ~M indebeed-
ness secur~d F~tay a ro ptrmit Nid MORTGAGORS ro rK~ive ~nd ~s~ 1~ or ~~Y M~> >he~p} ~a othcr pu~poeei, w~~hout th-reb~ waivi.~~ or ~+~~pa~r-
;~q any pu~ty, li~n or ri9ht unde? or by vlrtw of thi~ mortpsp~r u+d in tM ~v~nt u~d MORTCsAGORS iMtt fa ~ny reswn fail to keep ehe sa~d pr~mises so
i~sured, or f~ii to d~liv~? pranptly ~ny of Miil POIKiif of Imur~nc~ fo s~id MORTGAGEE, w f~il promptly to p~y fully any prem~um rhere(w a in a~y
re.p~c~ faii .o pafo~m, discMry~, ~x~cvt~, ~ff~ct, compl~t~, comply wi~h u+d ~bid~ by this cownant, a~ny part Mr~of, aid MORiGAGEE may pl~ce a~d
pay (w ~uth inturant~ w~~y put th~nof without w~ivinp w~ffedinp any optan, Ii~n, pvity, w r~gM ~nd~r o~ by virtw of ehi~ Mwtq~9e. •nd ~he
f~li ~mount of escA and ~rNy ~uch p~Yrrwnt sMll be irnmedi~t~ly dw ~nd pay+bl~ ~nd sMll bear int~reit from tM dat~ thereoi until paid a1 th~ rat~ of
n~ne psr cMtum p~r annum ~nd toyethe+ with iuch i~taest afiall b~ tecured by tM IiNi of this mort~~~.
4. To pKmit, cnmenit or wff~? no wut~, lmpairment a~ d~teriw~tion of said prop~rty or any pan thereof.
S. To pay all N+d tinpv~ar IM costs, thup~a ~nd ~apN+s~s. 7nc~udi^0 + ~e+so^able attaney's fe~ ~nd cos~s of ~bstracu of title, ~ncurred or p~~d s~
eny time b~ uid MORTGAGEE, becaus~ w in ~M ~v~nt of th~ failur~ on tha pan af the taid MORTGAGOR to duty, promptly snd fv11y perfwm, d~scharge.
sYKYf~~ ~fiecf, compt~t~, comply w~th and ~b~d~ by ~ach ~nd ~very tM stipulsnons, preements, condi~ion~, •nd cov~nanri of said promiisory note and this
monyap~ ~ny w ~i~F~, ~nd trd cosb, tMrp~s ~nd ~xpenws, each ~r?d ev~ry, ~MII b~ immediately dw +~d paYabte; whether a not ~her• k» ~+o~~ce de~
mand, ~tt~mpt to colbtt w suit p~ad~rq; ~nd th~ full unount of e~ch ~Rd wery svch piyment tha14 be+~ in~er~s~ from tM dat~ thaeof unril paid ~t the
r~ie of nins p~r c~ntum pa amium; and ~U said co~tf, cMrps~ ~nd expense~ incu~red or paid. Iofle~her w~th such intarest. aMll t» tetured by the li~n of th~~
mortQ~y~.
a. That in the ~v~nt of any br~ach o1 fhis Mortyp~ o? defavlr on the pert of the MORTGAGOR, w Cb) in the event ~ny of ss~d sums of money ;
herein r~ferr~d to b~ ~ot p~omptfy and fully paid within thirty (90) days next after Ihe sam~ s~vtrally become due snd payable, w:thout demand a notice, ;
or (c} in tM ~v~nt each ~nd ~v~ry tM stipulatioru, pr~em~~b, co~dition~ and covenanrs oi sa.d prom~saory note and th~s mortype a~y a ei~1+N •r~ nol
iuly, promprly and fully p~rform~d. d~ulurped. ~x~cut~d. ~ffected, compl~red. compl~~d w~th u~d ab~ded Sy, tMn in e~the~ w•ny such ~wnt tM ~aid aQ
prey~t~ sum m~ntioned in i~id promiuwy not~ tMn remaininp u~pa~d, with intcr~it accrued, ~nd a11 moneya s~cured hereby, tMll become dw and pay-
able forthw~th, a ther~~ft~r, at tM opt~on ol said MORTGAGEE, a~ fully and comple~efy ii •11 of the said sums of money wer~ a~gin~lly at~pulated
ro be paid on ~uth day, anythinp in s~~d promissory ~+ot~ w in this Mortyaye to tM comr~ry ~otwith~tsnding; •nd the+eupon w thereelter ~t the op?~on of
sa~d MORTGAGEE, without ~otit~ w d~mand, iuit at I~w or in ~quity, thertfer~ or the~eaft~r beyun, may be prosecuted u if all moneyt tetured Aereby
nad maturad pna to ~b institution. 1
7. TMt in tM ~ve~t th~t at 1M be9ieu+irq of w ~t any tirrw pendin9 any tuit upon this Mony~ge, or to foreclos~ it, w ~o refwm it, w to enfo~c~
paymsnt of ~ny cl~ims Mreunder, said MORTGAGEE sMll apply to the Court Mviny juNsd~ctio~ ~hereof for tF+~ appo~ntment of • Rece~ver, iuch Cour~ sMll
Ferrhwith ~ppoint a receiv~r of s~id matpyed pro~erty •11 +nd sinput~~, inciud~rp ~II and •in9ul~r th~ inmm~, profiti, issues and revt~ues irom whatever
~o~rce d~+ived, ~ath ~nd tvery of wh3ch, it beinp ~xptessly understood, is Mreby mortyaged at ii specifically set fwth ~nd desuibad in the p~~ntirg and
heb~ndum c1~u~n h~rwf, and such R~ceiver sMll have ~11 tM brwd and efiective funct~ons snd power• in ~nywise entr~sted by ~ Cour~ to • Receiver, and
s~ch appointm~nt ~h~Il be msd~ by wch Cowt ~a ~n ~dmitted puity and a mattt~ of ~bsoiute riyht to uid MORiGAGEE, ~nd wiihou~ retererxe to the
edequacy or 7~adeqvacy of tM valw ot tM prop~rryr mon9~y~d or to ~hs wtvency w insoivency o( a~id MORiGAGOR a the d~fendants, and ~hat s~tih
~enrs, profits, income, iuws ~nd r~venws thall b~ appii~d by 1tKI1 RKlivH +ccord~~y ~o tM I~e~ or ~quity of s~id MORTGAGEE and the practice of such
CouA.
8. To duly, promptly and fully pNfwm, discMr~~, ~x~cut~, ~ffed, compkte, comply with ~nd ~bid~ by each end tv~ry tM stipulatio~s, ~p?eementa,
:onditions ~nd cove~ant~ in u~d ptomissary not~ ~nd Ihis morty~~ set forth_
9. Th~t in t1+~ ~rtnt th~ ownership of tF» mwtpped pr~mises, w~ny p~tt thtreoi, betomet vested in • person other tMn the MORTGAGOR, tht
MORTGAGEE, ~tt successas •nd ~uiqns, may, witFw~t notic~ to tM MORTGAQR, dt~t with ~vch ~uccessor a successa in interest wi~h refere~ce to this
morty~e and ~M debt A~reby s~cur~d in the s~ manner ~s wi~h Mor~9+gw w~thout in any w~y vit~~tin~ o? d~scMrping ~he Mor~9agors' liability hera
under w upon tM debt htr~by secured. No sil~ of tM premiaes hereby mo+tysy~d ~nd no forbearance on the pan of the MORTGAGEE w it~ wccessora
or assign~ and no ext~nsion of the time fa th~ paym~nt of 1he dtbt hereby secured piven by the MORTGAGEF or its succ~ssors o~ +ss~ynf, shall operaq
ro re+ease, d~scMrp~, modify chang~ or •ffect tiu wiyin~l liabil~ty of the MORTGAGOR Mr~in, eithe? in whole or in part. {
10. It is speuFically sqreed that tlrr» b of tht ess~nc~ of thi~ contr~ct and th~t no w~iver of •ny obliy~tion hereunder a of tht obliyation se- i
cUred h~r~by ~hall ~t any tim~ tAereafter be hdd fo b~ a w~iver of th~ I~rms hereof w of the in~trument secured h~rby.
11. In add;tion to the iwego:ng momhly paymenb of pri:~c'pal snd interest requ~red by the promiswry note f_cured hereby, mortgsgor covsnants
snd ~yrees to p+y to mortflay~ee with each monthly payment +n ~dd~rional ium estimated by mortyagee to be equal to 1/12 of the annual cost of the iollow-
, ing:
A-All re~l prop~?ty tsass Isvied w assess~d syairut the above described real estate.
8-Prem~u~:+s on fire ~nd windstwm intur~nce s~ hcreln requ~red to be curicd o~ the imp~ovementa ~ituate on the above described premises_
C-Premiums on such mwtpp~ yu:ranty iraurance as ma~ty~gee thall from t~me to time deem fit to c~rry on the ban secured hereby.
Mwtgagee sfiall irom t~me to time notify mortg~~or in writin~ of the amount due and p+ysble hereunder and such sum thall thereupon be due ~nd
;,ayable on the due date of the next r.wnthly payment and each successive mo~th thereafter unti! mortyapee shall rwtify mo~tgagor of a chanye in such
a-nount. $uch sums iha11 be applied by mwtpa9ee toward the paym~nt of real property taxes, insuranc~ prem:~ms, and morty~ye 9uaranty i~surance
~ premiums.
j IN WtTNE55 WMEREOF, the uid MORTGAGOR h~t herwnto s~t his hand and se~l the day and irst afores~id.
E Siyn~, S~al~d ~r~ d~liv d tn tM reunc~ o~: •
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~ 5 i ATE OF fLORIDA
~ ST. WCIE ~
couNn oF
~ ~ia~ ~ ~~i~y,~~~~ Thomas Edward Stanton
Pawela Stanton his wife, to m~ well known and knowe~ to rn~ to b~
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~ rh~ individuals d~suib~d in •nd wFa ex~cut~d tM fwpoinp ir?strum~nt, ~nd aknowl~dp~d befor~ rrw tMt tMy ~a~cuted tM iarnt fa tM purposes
~ rher~in txprK~ed. Md th~ ~aid Pamela Stanton
~ Thomas Edward Stanton , ,~.r•
w~f• of ~M asid ~P~^ sW+ W~
~ exam~n~t~o~ by me t~ken wpar~t~ and ~p+?t from Mer ~aid husband, adcnowl~dp~d to n+d befw~ m~ th~t sM ~x~cvs~d uid instrumero freely ~nd vo~u~r
~ rv~ty ~nd wtthout any compulsior+. conaraint. ~ppnhens~an, a f~a of w from Mr uid husband.
~ WITNESS my Mnd ~nd offk~si s~al d~i¦ ~l day of February p. ~9 71
„t~ ~ - r 2~'-,.
~ Noiary Public in ~nd fw tM St~t~ of Florida at l~rp~
~ My Commiuion ~xpites: ;
R~tum Ta. 1``~,~~•~- ~
' Pirat F~r~l Sav~nq+ i loan Aswcut+on -L _ NOTARII PUetlC, STATE OF FLORIDA AT IARCE
MY CO~AMiSSION EXPIRES SEPT. ?3. 1973
of Fo.t P:erce. jHRU fRED IM. OIESiEL110R4~ ~
Y.'~,- Fwt Pierct, Ftuida ` ~r~~
_ i .,.,,.~3
~ ' v _-1 y w ` / t .
- - • t - . FtlEO e?tt~ REC4ROf0
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" This Instrument Prepareci By RiChaic~•..l~:~• IC~yi~~ r~ iL ~I~C~E cOUNTr FLA.
~ First Federel Savin a 6 loan Association ~ i•• ROCEF P~lTRAS
9 . CIERK C~~~CUIT COURT
a: of Fort Pierce, Florida . RECOR~VERi~1E0~~.
~ Checked By FE8 I7 2 49 PH'7 ~
gooK 1yU 7~76
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