HomeMy WebLinkAbout1356 J. ~o plscs and cont7nuovs~y keep on ~!~e bu~'d~ngs now o~ hereaite~ s~t~ate on ss~d ~dnd end on al•. eq~iy:nem and persona~ly coverod by t~i~ ma?g-
~g~. w~~6 ali prem~ums ihere.r+ pa.d ~n f~ll, f,re ~~~s„rance ~n ehe ~~val sra~xie~d po~,cy form, in a s~:n a~.y~v.~d b~ ~ne .StuK~~.iGEE, e~,d w~nds~o~m
fnsurante in the ~swl s~endard pot.cy fo:m, in a aum a~i:iu.cd br ihe MJRiGAGEE, in such co~np~ny or ca~~pen~es as tne A1GR1vAGiE may
direct; and a11 fire and w~nds~orm inturdrt« po,iors on a~y o1 sa~d bu~id.~,qi, any imerest ~he~r~n or psrt rh<<rol, in the aggr~ga~e i~~~ afo~esa~d w
in s~tesa ~her~of, ~hal{ cor•ta~n ihe vsual ata~~dard mo,+g.igee us~se or suth orhe~ cta~se at the Mo~ryayee may req~.rs, ma?~ng tna iof~ unde~ f~~d po~i-
ue~, eacb •nd every, payab~e to ia~d ~10R1GAGEE as ~ts ~ni~rrst may appear, a~~d each and eve~y tiuch pu ~cy ~ha;{ tx promytiy ass ynrd e~~d d.;i.•erEd to
any hefd by said MORlGAGEE as {urthe~ fewr~ty to u~d mo:~gege drbt, and, no~ tess than h~ ~Ip1 days in adva~~~e of thr e~cp~~a~~o*+ o~ each pol,ty, to d~-
I~vtr to taid MORiGAGfE a ronewa! the~eof, ~oye~Aer with a rece~pt for the premwm o) wch ~e~~ev~ai; and ~here shal~ be ia f.re o~ ~~•~~dSW+in ir.»r~nce
pl~ced on any ol sald b~~admge, any in~erest the~e~n a part rF~ereof, ~~~!ess in ihz for~n e~~d w~~h ~he ~ois payoble as aforesaid; and in the eveot any sum
01 rt+or+ey becomef payab:e ~nder such poS~cy or poLc~es seid MOR1GAGfE sh.~tl have The e~~,on to recr~ve ~~~ci app:y ttie sa~,~e on dCIOJ ol Ihe i~~deu~rd-
neu secured he.eby a~o pe~n,it safd MOR(GAGORS ro ~ecrive and use it or any p;n ~he:.~~i ro~ c:n,r ~scs. ,h~•.,,. ~~~~p,,,r-
ing any ~qu~ty, lien pr r~ght under or by vutue of this mo~tflage; and i~ the evrnl fa d MO~iVi.GURS shait for any rr~sun feJ ~o kecp riu sa~d premiscs no
insured. or iail ro del~ve~ prompfly any of sa,d poLc~es of i~is~rance to sa:d MpRiGAGEE, or fa:! ~~on,ptly to pay fu:ly any pre•+~~~~m ther~~f~r o~ in a~y
~espcU fail ~o perfwm, d~scha~9e, execute, eHed, con,plrtr, co~n~ly wi~h a~~d ab~de by th:~ cov~nanl, o. any p~.r h~reof, sa~d ?~uRT;,~GEE may p~ace a•~tl
pay (w wch ineurance or any part ~hereol wahout we~v~~g or affecring any opr~u~, i,en, eq~;ry, or n~F,~ u~~~ic+ or b~ v~re,;e ot th~s MO~tgage. and ~he
f~ll a~nov~N of tath •nd e~ery such paymrnt shall bt ~mmed+ately due and payab!e and sh~:l bra~ int~~rest hom Ih~ dota thrreol ~n+~l pa~d a~ rhe rate al
n~ne per ce~~~m ~xr annum and to~r~h~~r w~th such inter~~~ shai~ ;~r x•cured by the t~en of th.s mortgaga.
1. To permit, commit p suffer no was~e, impaim~eN or deter:oronon of sa~d p~oµerty Or any rt lhr~eof.
5. To p~y atf and singular the costs, cha~ges a~d expenses, ;r~.iuci~ng a rea3onab~r dt~omry's re ar.d ceus of abs~ra~~s of ht4e, incuned or pa~d at
any ti~r.e by sa~d M~RTGAGEE, becausc d in the event of the fa:iurr on the part of ~he :a~d A1JR1 AlipR to du~y, pro:r.yriy and lu~~y pcrfo~m, d~s:harge.
eaecute, effecr, cpnp:ete, co~npty w~th a+~d ab de by each and every ~he ai~puie~ ons, agrern,c~+ts, conJ~t~ons, and co.r:~a~,~s cf sa d ~~ron::Y~ory nure e~~d ~h~s
.~nortgage any or a~he~, end sa.d cuars, char9rs and expensas, each ~~~d every, shafl be immed~e~r!y dvz and paya~~e; whr~he~ or not rhare be nu+~ce d~
mand, attempt to toliect or suit pend:ng; end the full a~novM of ~ach and eve~Y wch paymem s~~a?i ~ea• ~n~-•res~ Irom the date theieu! v~i~~t paid •t the
rare o~ n;ne per cr:~tcm ~:~r a.~~w.+; and all sa+d cosrs. charges a~~d r,; e~~scs ~rx~~r~d or pa~d, ~~9ath.r .~nh svch w~e~rst, sha!1 Ge secured by ~he uan ol th~•
mort9age.
6. That (a) in the evenf of arty brr~ch of th~s Mortgage or def3uh on tFw e~rt oi the .\~.ORTG~GOR, or ;6? ;n the evem any of sa d sums of money
herein ~efe~red to be not pr~mpt:y and tui+y pa~d w~!h~n tn..ty i3il) ti.+~s next a•~cr !.`ie sa•:ie sr~vera :y brco•nr d.~e and pay,.b!e, witho~! demand or not~ce,
ar (c) in the e.ent each a.+d every the shp~;at~ons, a9ieements, c~~}d,~~ons and covena~ra o' sa d Nro~„~sw~ y no~c and ~h s morrgagr any or e~~her are no1
iufy, promptly and f~:!y pe~formed, d scharged, enec~ted. effected. completed, co.~~pi.ed w~th and a~~dcd 5y, thcn ~n e~thrr or any such event the sa,d ag
g~egafe sum menr:on~ ]n sa~d prorn~sso.y ncre then re~,:ain~ng unpa~d, with ~mrr~;r ac:r~rd, and a.; ~non~,s secur~d h~rcb~, sha'I bew~~ie d~e and pay-
abie forthwith, or thtrea~ter, at the op•~on of sa~d MORiGAGEE, af luily and comp:etrry as if all o( tl:c sa.d avms of money were or,g,na:ty sr~p~;eted
to be pa.d on svc1+ day. anytA~ng in sa d p~o:n~ssory nore or irt th~s INOIl9dc)P ?o the co~vrory not,v~thsta~id,:~g; and ~hc~eupon or thereaiter at the op~~on of
sa,d MORTGAGEE, w~thout not~ce o~ drmand, su~t at law or in equ~ty, therefore or thereai~er begun, may Ge prosrcut~d as if all moneys setvred hereby
nad maWred pr~or ?o ~ts ~n3htutio~.
7. Thet in tE,e event that at the beytnn;ng o1 or at any Nm~ pend~ng any su~t upon ~h~s Mofrgage, or to forectose it, or to reform it, pr to enforce
c~yment ol a~y da~ms he~eunder, sa~d MOQTvAGEE shaR app+y to th~ Cov~t hav~~q ~w~sd.ct~on thr<<-of foi she aE~ro~nt~nem of a Recewer, such Court sha~i
i;,rthwith appo~nt a rtce~.er o~ :a~d mortgagcd prooerty atl and singu:ar, in~iud ng a~t and s~~~gu~a! ~~~e ~r,=ome, prot~rs, issues and revnn~rs lrom whafevei
scwce de•ived earh ar,d every of wh~ch, it be~ng espressly vndersruod, ia her,~y mor~gaged as ~f spenf~~o;ty ut Eortn and descnkxd in rhe granhng a~d
habendum cla~ses hereaf, and such Recei~er shaii htve all ~he b~cad a,d e4iective func±.o:~s and poti~ers in anyw~se emr~sted by a Cc~~t to a Receiver, and
a, ch sppointment shitl 'x m~dt by s~ch Court at an admitted equ~ry ard a n-atter of abso:~te r.ght to sa~d MORTGAGEE, ar.d v~ithcut ~e(erence t0 1he
r.iequacy or inadrG~acy of the value of the p~ope.ty mo~+gaged or to the so•vrn~y or r.~soi.ency of sa:d IYIORiGAGOR o~ thP dete~~dants, and ~hat wch
•_~n, prol~ts, inco,r~, issues and revenves shaii be appt~ed by wch Rece+ver acco+d~ng to +he Gen o~ eq~ity of si~d h10RT{~AGEE and the pracfice of such
Co~rt.
S. To dvlr, prompr:y and f~t~y perfo.m, d~scharge, execute, effect. complete, comply w~th and abide ~y each and every the stipulations, agreemeNS,
:onditions and covenants :n sa~d promissory note and ~h~s mortgage set for~h.
9. That ~n rhe eve~t the ownersh~p of the ~nortgaged prem~ses, o. a~~y parl thercof, Eecames vested in a person ottier fhan the MORiGAGOR, the
h!pRTGAGEE, irs wcceswrs and ass~g.,s, may, w~+hout nor.ce to +he lt~ORiGAOR, dea! w~th svch sutcessor o~ a~ccessor in imerest wdh refere~~ce to th~s
~^ortgnge and the dc•ot hereby sec~.ed in the same manner as wrth Rtprt~agor without in a~y way vihating pr dacbarghx~ the Mortgagori iiabi6ty her~
~rder o. uport rhe debr hereby secvrFd. No sa;e of ihe F~e~s-~ses hereby rnongaged and no torbearance on the part of ~he 1110RiGAGEE or its s~cceswn
or ass~g~s a~d no e:ters:on of the time for the payment of the debt hercby secured g~ven by the rJIORTGAGE~ o~ its suctesswa or ass~gna, ,aall operate
ro reteax, d~scharge, mod~fy ~hange or affect the orig,~at tiau,Lty of the MQRiGAGOR herein, erther in whoie or in pa~1.
T0. tt is speufica~iy agrped thar t~me is of the essence of ~h7s conrracr and that no we~v~r of any obl:gar~on hereunder or of the obligation so-
cured he~eby shall af any time thereaf=er be heid to be a wa~+er of the terms hereof or ot the ir~strumeot secured he~by.
11. In add~Y:o~ ro !he fo*e~o ng monthiy paym~ms oi pr~r•c paI and intr.~se requ~red by the prom ss.~ry no~e securrd hzr~by, morty~gor ~ovenants
a~d ag~ees to pay to mo-tgj^yee v~~th each ~nonth'y payr.~eni an ad:f.nor.at sum ezr -~•arcd b~ .rwtyigee to be eyual fo 1 12 oF the ann~al cost of the follow-
n~:
A-A?~ rea~ :rope•t~ tax:s 'e~.~zG or assessed agai•~st fh~• above desc~ibcd reai estate.
B-~r~~ „.-s o~ f~re and Jll.^.dsro-m msura~ce as he~e:n req:~.red re be carn•d c~ rhe ~mprove~ne~rs s:tua~e on the above d=scc~bed prem(ses.
C-Pre•~~vrns on such m.,rtg,ge g~a~anty i^zurar~ce as mortgagee shafl fro~- r me ro rime deem ii~ to carry on fl~ loan secwed bereby.
Morrgagee s~_'~ i~em i;~~e ta t~me r.on~~ mortqaaor m m,nf,ng of the amov~t due and payable herrundrr and wcfi su~n shalt there~pon be due and
.;,a5ie o~ !hr d.:e ca+> cf tne nexr ~~;pnth.y payment and eoch auccess:ve mon~h there"t~r ur.til mc~tgagee shafl not~fy mo;tgr.gor of a change in suth
ount. $uch sur-,s s~ c !}e aHp:~ecj by morrgegae roward the payment o4 reaJ property t es, inswance prem:ums. a~tid mortgage guaranty insuronce
n•emiums.
.7
IN Y~IT E;5 Y1HER;Of rhe sa~d M TGAt',OR has he?eunto set his hard an scai the ay and yea? first afcresaid.
S , Se ed a~ e~~ e presence of: f t~~ ~!I~J P~COADE~ ~
~i n ~
S. tuC =p~~~
T~l~is ~A. ~Or i!I ~ t/=
ItOG.. ic . u ins
- ~ RECORD YER~
IEO COU t~ (s~s1)
~ a~
r ra an u c inson
- - FE8 Z6 06 ~ ~ ck.n
STATE OF flORIOA ~
; ~;,.~n ~ St . Luc ie
~ .Z 1 ~ t •y
befo~e me pe.wna,ly s peared _ M1CIC@jr P. Nutchinson a~d
~arbara Jane Hutehinson h;: wi(e, to me we11 known and kreown to me to be
ihe ind~vidutls deur;bed ;n and wiw exec~ted the foregoing i~strumeM, and ack~wwledged before me that they eaecuted the same for tFx purposea
rhere~~ exp.essed. And tne se~d___.___ BaI~Za Jane_ Hutehins~____
«.fe oi the sa~d M1Cjcey P• Nutehinson ~p~ rv~a
, ?•em;nat~on by me ta4en sepa~ate and apart from her sa~d hvsband, acicnowtedq~d ~o dand btiore me tha~ she eaecuted said irKt}~~~~ar~'tip}y~+
,a.,;y a~d w~rhou~ any com;,uision. cor~stra~nr, apprehens.on, o~/ fear of w fr~m her sai sbar~d ~ jJ
WITNESS my ha~d and offiaal sea! th~s_ - day o~- ` ~G _ ' ~ ~ ~ ~
_ '~~~~~iv~,.
- - ' - - r.. Q;..,
r~ ~ _
N tary Pubiit in end foi the StOZri. ~ ~~Vr~
~ My Cpmm~si~on tapireY : ~(:~,`e~ ' ~ ;
Rltum 10~ ~ '
Fir~1 F ~ der~ l $ evingt S LOan A330C~at,On ~i~ r4.•~~~~ ~
r,-~,. MOTAAY PUPU~ SihtE uf f101U1A~~ :••••t~,fv
.
, s Mr C;.n~;. 'c~~, ~;L ~f ~ Sj°
: t~,-t,r~~ ~ t .
Fo.r P~r.cr ii~.r~, ~ IOMDaL T,.k.,~~,~ ? w~o w. o~tt7iLN0 , '
R~a•. .
/O i~ -
This Instrument Prepared By NiCha zd K. Kayes
First Federal Sav;ngs b loan Association
of Fort Pierce
Checked BY' -----------_--~~R' ~c7o
$GCx
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