HomeMy WebLinkAbout2520 3. io p~aca and continuous~y kaep on the b~~'J~ngs now er F~t~@dfIN1 •~t~are on s.;;d !and and en a!! eq~~p:^e~~t and perso~a'~y to~errd by ~his mong-
sg~, with ~II premiumt ihereon Na,d m iull, fue ins~=ancr ~n ~he us~al i:onda~d pd,cy term, in a so~n e~.p~u.eJ b~ thr A'•JK~vAviE, a~~d vr~ndstorm
~nsur~nce in ?he usual sra~xlard po,~cy form, in a sum epp~o~ed bY ~hr MJRiGAVEE, ~n wch con~peny er co np:~n~es aa the AtQRI(;AGfE may
dhect; and all lire •nd w.ndstorm ins~rance poLC~ea ~n any of s.+~d bu~.d.~x~s, any in~rresr Ihr~e~n ur F~an thrreuf, in ~he agqrrga~e fui~ afaetaid or
in ezcess thereof, •hall cunfain the ~sval sfan.iard mor~g~~ee clause w s~ch o~her ca~~se ai ~he 1~1or~gay~e may reyv:re, maLing thr ~~es u~xfrr ia~d poli-
c~es, tach •nd every, paYaS!t ~o sa~d AIJRTGAGEE as ~ts ~merest may appea~, a~~d rach and ryeiy sv:h po' cr sho{~ be pion~ptiy asn g•~~J a~+d drl~arred to •
any held by se~d h10R1GAGtE as f~r+h.ar srcur~!y to s~~d n:o~tyage dtut, a~~d. no~ !eis ~han trn (10; d3~s in ad:ancr o~ ~he exp~rat,vn of ~ach pobty, to da-
liver ?o seid MORTGAGEE a renenal thereof, ~oyeiher w~th a rece.pr :or ~h~ p~e+~:~um of su<h ~e~~r.~.r; a•~d ihere if~~~~ ur no Lre o~ .r:n~s~o~m ~nsurance
pleced on any of sa~d build~ngs, sny ;nterest t}~rie~n or part rho.rof, ~:~'css ~n +he for~~, and w~ih tFe toss {~iyaoie as afo~esa~d; and in the e~en1 anr f~m
of money becomes payable unde~ such policy o~ po~~ues said 1ftORiGAGFE ~haN have ~he oHt,oo fo rec_~.~~ ~;=~•'y the sa~ne on acco~ro of the inde~f~d-
neu aecured herzby a~o perm~t sa~d MORiGAGORS ~o rece~v~ and use it w.~ny pc r1,•,:cof tc~ c:~~ r :i:•i. :..r• ~..t ih ~r ~~t~P~~'-
ing any equ~ty, Gen w r~ght under or by virtue of ~his mo~~gaqr; and in ~hr event sa.d MORTGAGORS sh.~:l ror~ any ~rason fa~l to kaep rhe sa~d prem~srs so
msured, o~ fail to deliver pro,np~ly any o( said po~~c+es of ~nswan:e ro sa'd MORIGAGEE, or i~;' pron~priy ro F~ay fu:iy a~+y p~e ~•.~~~~n th~•rafor or in a~y
reapect ieit ro perfam, d~scha~ge, eaeiu~e, ~fiect, compiere, co-nply vviih and ab~de by th~s cova•~~:~+, or eny p.+rt h_reof, se+d MURi:,AGEE ~nay piace a~~tl
pay iw suth insurance ot any part therco( w~thcwt waiving or affect~ng any oF>t~on, I;tie, equ~ty, or r.,~hr undc~ o~ by ~nrue oi ehfs !~1o~~g~~e. and the
f~ll amourt ol each and every such pa~ment shall be immediately due and payeb~e a~tid sha!I bear u~trr; st from lhe dete thcr.•oi unti! p,i~d al the eate ol
n~ne per centvm per annu~n e~~d tu~et~irr w~th such i~i!er,;st st~ai~ L.~ sec~rrd hy the leen of th:s matga~~-.
1. To permit, commit or wffer r.o waste, impa~rment or drter~orehon of sa~d prcperty or any part thercof.
S. To psy sll and singular Ihe costs, charges and expenses, ~nciud~ng a rraso„aLte atto~rey's (ce and costs of abstracts of tit:e. inwrr,:d or pa+d at
any time by su+d MORiGAG:E, because w in the event uf the fa~iure an ~ne Durt ol the s~~d 61OkZGAGOR to duty, p~o:~.p~fy ar•d f„~iy ~,~•~For~», d~xharge
r:KUte, e}1eU, Canptete, co~nply w~th and db.de by e~th and every 1he atq~~lat;ons, ag~rr~»cnts, conei~hons, and cove~~ants o~ sa~d ~~ro:~„>so~y nore and th.s
.ratgape any or a~her, and sa.d ccsrs, charges and eaprnses, each and eve.y. ahaii be immcdiately due dnd pdyel~'r; whefhcr o. not !hr~e be nonce ds
mand, attempf fo toliect oe s~~it pend~ng; and the (ull amo~~v of each and every wch p~~mem shall bea• u}t_~res~ from the date thereof until paid al the
rate of nine per ceotum ~xr annu+~: ar~d a11 said costs, charges a~td r.p~rses ~ncurred or pa~d. ~oye~i~e~ w~~h such infe~rst, stwli be sewred by the i~e~ of Ih.~
mortgsgs.
6. That (a) in the event of any breach of this Nkr.tgage or dcfau~~ o~ th~ pa~t of ;ne :~10RiG~G;`R, or ;b; m ihe cvent any oE sa:d suais of money
hr+ein referred to be not p~a»p~iy and (ully pa;d K'Jlltll th ~~y ~3J1 dats ~x.t a~r.,; rh~• s1~~~e se.e•3'ty ~eco.,~r due and paYaL!e, withJUt Qe~oa~~d o~ no+ice,
or (c) in the eveN each and evrry the stip~iat,ons, agreemems, condn~o~~s and coven~nts or s~d p:o:~„ss~ry ~.ote a„d th,s mortgage any or erther are nof
~uly, promptly and f~ify perFonned, dx±~a~ged, exec~ted. effected, compteted, co:*~pi~ed v~~~h ond a~:J~d 5y, ~hen ~n e:~her or any such event tne sa~d ag
~regare sum menna~ed in ia'd pro~~~~sso~y nore thrn rema~r.i•~g u:ipa~d, wi:h ir:~rre;t ,c.•.,ed, a~~d ~n mc~:tyi sacu~~•d hereby, shall become due and pay
~ble tonhwith, or the:ra~te~, at thc op•~on of said htORiG~vEE, aa t~',iy ard compiete'y es ~i a;i of ~h~• s..,d su,~s of mo~.ey v~ere ong:na~ty st~pu~atcd
to be pa:d o~ svch day, arcything ~n s~ d prom~ssory note or i~ th~s hlortgage to ~he co~~trary notw~~h~ra~~d: ~y: a~~d thcieupon or tiierea~rer at the opt~on of
said 1~10RTGAGEf, without nOhce or demand, suit at law or in equ~ty, therrtore Or ti~erraifer brycn, ii~ay be preset~ted as if all ator.eys aecured hereby
had matured pr~or to +ts inst~tuhon.
7. That in the event that at the beginn~ng of or at any time pend~ng any su;t upon tl:~s Mort~a~e, e~ to foreclose it, or to retorm it, or to enforce
payment of any c!a~ms he~eurrder, said M~RTGD.GEE shatl apply to the Court leav~r,g ~u~nd:c~~on th•_~rot fur the appo~nb+:em of a Receiver, such Coun ah,~il
fcrthwith appo~nt a recr~ver of sa+d mortgaged prooeny ail and sing~lar, indud.ng a~~d s:~:g,,;ar rr.e inccme, prof~!s, ni;~es acd reve~:ues trom whatever
sewce derived, eath and every of wh~ch, it be~ng tap~essty ~nde~srood, is herruy mortgaged aa if spec,F~calty srt forth a~~d described in ~he 9~an+;~,g and
habendum clauses hereof, ar.d suth Rece~ver sha1: hart ail the b~oad a~d effect,ve fu~u~ ons e~~d ~u.~e~s m an~.v~se enrrusted by a Co~•t to a Reccive~, and
s~ch appoimment shell be made by svch Court as an ad-~itted eyuity ar.d a~nancr of absolutr r~ghl te sa~d MORTGAGfE, arzd v.~rh~~t reference to the
edeq~aq or inadequacy of the va(ve oi the property mo~~ga9ed or to the savency or ~rso~:ar~cy o1 sa~d MORi:',AGUR or the dele:~do~,ts, and that such
re^rs. profifs, i~come, ~ssv~•s and rever,~es ahail be appi~ed by wch Rece:ver ac.ord~,~g to the tien or equ~ty of sa~d MJi:7GAGEE and fhe prachce of wch
CouA.
8. To d~~y, prompNy and (uliy perform, d~scharge, execu}e, effe:t, com~:ete, con,p;y w~~h and abide by each and every the stipuiations, agreements,
conditions and cove~}anrs m sa~d prom~ssory note and th:s morigaye s~•t fo+th. •
9. That in the ever.t the ownersh;p of tF.e mor~gaged prem~ses. or anY p.art !heri•ef, becomas vested in a person other than the MORTGAGOR, the
.'~ORTGAGEE, its s~ccesso+s and ass~gns, may, wi:hout notite to the N.OR:G~OR, deat w~th s~xh succrssor or successor ~n mterest with relerrnce lo this
mwtgage a~d thr d~u+ hereb/ srcured in the same manner as with Mort~eg~r wnhovr ir. any ..~y v~t.ating o+ d~scharging the blortgagois' liabil~ty her~
ur.der o~ upon the debt hereby sec~red. No sa!e of ihe Fre~n~ses h~reby ino~tgaged a~•d no ic~beara„cc on ~he part of rhe IAORTGAGEE or its wccessors
o~ assigns and ~o eatens~on of the time for the payn,rnt of the debt hereby sec~red g~ven by the 11!uRTGAGEE oc its au<cesson o~ ass:gns, al~all operate
ro?elease, d~scharge, mod~fy change or affect the o~ig~nai Gau;i~ty of the AM1ORTGAC,OR herem, e~the~ ~n whole or in part.
10. It is s~-r_~c~f~ca!!y agreed ~hat time is o~ the essencr of ~hls co„trad and that no vva~ver of any ob::gaf~on hereunder or of the ob!igation x-
c~red hereby sha'E at any ~ime thereafter be held to be a wawr~ ot fhe terms hereof or of the insuumeM sen~~ed herby_
11. In ad~ t !o the foreyo ng ~reonth?y paymer.ts of pn~*c pai and inr_res~ requ r~d by tt~e ~•~o~e: sscry ne•e srcu~ed heri~b~, roo:tgagor eovenants
and agrees to pay ~o ~~o•tgagee with each mo~th:y pay:. ent an add~~io:~al sum esf ~nateti 6y r.,o•tyegee to be ec;;,a~ to 1 12 oi tne annual cost of the fo~fow-
A-All reas prope.ty tears ~ev~ed or assesscd agai•~st th._ aco~e describid r:~al ectate.
B-Pr~~~.-.:u :,s on f:r.~ and w~ndsre-~.~ insurarce as ~ere:n rcq..r~~d to be ca~r~~d c^ ~hr ;,rov<ments s:tuate on th~ aba~c desu~bed premises.
C-Prem;ums on sJCh mo:t~:c;e gua•anty ~nw~a~.ce as mc•r,~agre sh3'1 ~~o^~ rme to r•~n~ d~c-rn tit to carry on the I~an secured hereby.
~ Mo~tqayr? Sh3 ~!r~~.: t~.-~~ !o nme ~~o'~fy mertyagcr ;n wr~t~ng oj the a~-o:nt d:~~ and pa~-abie here~rdrr and s~ch s~•~~ sl~a!; there~fwn be due and
Gayable on rhr c'._e ca+e ef ine mr.t ~i:onth:y p3yr~_nt and each succ~~ss~ve ~~on!h the~rat~er ~~:n: mertgagee shall not(y mo.!gagor ef a change in such
~ a>~.ount_ Such su:rs s~~~ ~ F~e opF~ ~rd by nortgag_e towa~d the pay~r.ent of rea! proke~ty taxes, i:uurance prtm.u:ns. and mortga9e guaranty insurance
u •e miums.
~ IN WiTNE;~ ':iH OF. 'ne sa~d MORTGAGOR has he~e~nto set h~a har.d and seai the day a first aSoresaid. ~
~ ~ _ Signed, Sea!ed d ' •e ~n the sertce of: %
t i +4
r - t)
~ ~
~
~ _ - - - ~ c~ •
g SiATE OF fIORIDA ~ O ' ~Ur; ~ _
$ couvn oF St. Lucie ~ V. j~; .
~ ' I-
Befo~e me pe~sonally appeared H@~~ R. S~mmerlin D~ ~ L`
~ B82'b8T8 B. Swmeerlin _ h~: w~fe, to me well known s L G~
%+~'~yp,~ +~-.Q~a•s:~ .
+he individvals descrited in and who executed the foreyai ~r.strument, and acknowted ed before me that they executed the saiqe (of ~1'ly~puf
~ !he~ein expressed. And the said_ ~rbara B• SUlOtA@I'~~l1_ _
~ Herman R. Sw~ne rlin ~ , ' ~ ~ ~
f r~;fe of the said uFwn a sepuate and priwt*
~ - _ _ -
e¦am:nat~on by me taken xparate and apart irorn her said husband, acknowledged ~o and before me that she exetuted said instrument freety and volum
~ ranly and w~tha~t any compvlsion, constraint, apprehens:oo,~/f_ear of or from her sa~d husband_
WITNESS my har.d and offlc~al seal this____~ _ day o?_ _--__~~h _ A_ D. 19 ~
T: _ ~ _G~-s-~ ~ ./E~4%~f,~-
~ - Notary Vu ' in and ior the State of Flofida at larye
My Commssion eapires:
?;i Return To: ~ • ~ • - - ~
?,.;rx:~r F~~::~, ~r i::aaF
~ First federal Savings S loan Assoc;at,en / !,{Y CGi~i::i:~~tU?
~ E~riKLS t+vV. 13~ 197Z
Of Fc•t Pr:ce •iG::DC~ 7c~4i:.r~:::1 F:RED Y1. n~FpTe~wORir
i~ Fort P~•~rCe, F(crE~a 2 0 5 8 8~
~
~
r~~~o ~NO ~EC~~~ ~U
~2 ST.IdICIE COUlI
ROCEIt POITR/?~ ~~/l~'A/
~ This Instrument Prepared By J. D. Chastain ~,EIlR CIRCtl11 CO~TQ
• First Feder~l Savings 3 loan Association RE64R0 YERIilEO~...+~
~ of Fort Pierce ~ F1oTlde
~ Checked BY rt~- - - ~ f ~ ~ ~ ~ ~
~
0 R 1~ 8 i
eoox 190 z516
~
~ _ _ _ - . . ~ v