HomeMy WebLinkAbout0516 . • 1
TO plice a~d continvoufly ?tep on tM bui'd+nat nuw o~ hereai~er ~il~~t~ un ?a~d ~and and on oH rq~ipmenl ai~d penonally tove~td by lhit mo~tg-
sye, w~tl? •II prem~.,,ns t~cr~on pa~d :n foli, I~.c insuunce m~hc ufwt ~u,~-ia~d po'~cy furm, in a•~m a~,pio+ed Ly thc MOR~vAGEE, inJ ~.+:~~dstorm ;
:nturante in tM w~a! ar~»da~d po~•cy fwm, In • sune a~•p+o.ed b,r ~he MURiGRGEE. in such cwnpany o~ cor~~pa~~;es a~ ~ha htORTGAGEE may ~
d~rKh a+xl aU (i~e and winJsto~m in~ura~ce po~.c~e• on any ef tia~d twdd:nys, any interr~l ~harcin or p~rf fheieof. in the ayg~cqa?e wm ~lo.euid w
in taats ther~o(, •hall contain tt~e ~sval s~andard mor~yagee c.ause a iuch o+he~ clau?e as the Mo<<yayae mey requ~r~, mal,~np tha toa~ under ~.~~d poli~
aes, each •nd every, ~UyJS~! ro ss~d 71~JRTGAGEE af ~tf i~trrei~ may a~prar, anc! each a~~d eve~~ ~ucA ~w ~cy ~hall be p~om~~tsy as~ g~~ed and def~ve~rd ~o
any heW by said A10R1GAGEE as lurthar ~ccwity to ~a,d n,wtga~e deut. a~,d. ~wt tei~ rhan ~en ~10) d.+~a e~~ aJvenie ol the rwpva~~w~ ol each pol~cY. to d~-
1,var f0 aaid MORTG~IGFE s renewa! thereof, toge~har vvith a rrte~pl lor the prrmwm oi such re+~•~~~'; a~~d ~~~ere ahafl be ~w I~re or w~~;dtto~~n i~su~ance
placed on ~^Y of sa~d bu~+d~ngs, any ~ntereN there~n ar parY ~herrol, ~~ilcsa in ~he form ~nd wl~h ~he ioss.payabfe as aloresa~d; and in thc eveM eoY svm
of money bctamet payab!e u~dK foch pokcv or po~~cirs sa,d td10RfGAGEE shall have ihe opr~on to ~ecc~ve .+~,J appiy the sa~ne on eccount o1 tha indruled•
~eis secwed hereby c+r to pe~mit ta~d MURIGAGORS ro rcteive and ute it p any p.v~ ~h•~~eo1 tor o;nrr ~:ur~,c+rs. .:~ilw~~t ~h u~ vr~~~~ .;r u~~p~n•
~~9 a~y pu+ty, fe~ o~ r~~ht urulrr ot by virtur of thi~ martgaye; a~td m the eve~t ta~c! A10+21GAGURS sha!1 !or any re~son (ail to keep the sa~d prernis:s so
~nsi~red, a f~il b deure~ pra~~ptly any of sa~d pol~des o1 inaura~xe to se:d MORiGAGEE, o~ fa~l ~~ron~pt:y to pay fu:ly a~y ~xr~~uu~n Ihcr~iw or in any
re~~1 fail to p~rlorm, d~schu~e, eiecu~e, eltect, canptNO, co~nply with a~~d ab~de by ~h~s covc~~am. a a~iy part hareof, se~d MORfGAGIt n.ay pi~ce ~~~~f
pry fa tuch insurance or a~y part thereof wrthout waivi,~p or elfecti~~ any op~~on, I~en, equ~ty, or r~gM ~~,der o~ by v;rtue of th~~ Mortgage, and the
fu:t anwunt of ~ath and e~ery ~uch F;eymant ahall be unmed~ateiy d~e a~~d pay~b!e and she!I b~•a~ interost hcm tFw data thcicof umil pmd at the rate ol
+~.,~e pe~ cenwm per annu~n s~lc~ lu}rthc~ v~~!h auci~ ~nte~~s+ sha~~ br s~•c~red by the 7~en of fh,~ mortyegc.
io p~rmil, eommii o~ suffer no weste, impa+rmrnt p detenoratio:i of sa~d prcperly or a~y port.thercof.
S. To F+ay al! a~d ~inquisi thr co~ts, thergrs ~nd exE-ens~s, indud~~ig a rrasu„abie attornry's (c~ and cosro of absirncta o( ~i?le, incurred or paid at
.•~y rime by sa~d !4lORTGAG:E, because w in the ever.t of the fa~~ure on ~he pan uf ihe ss~d MJkfGAGUR Io duly, p~~:,~ptly a~x1 f~(ty perlorm, d~uhe.ge
-~ecute, eff~d. cwnplet~, ~o~npty w,th a~~ sb.de by r.~ch and cvrry rhe stlpula+.a». .+9~.~r:+~~~n~s, cand+t+ons, a~~d co~eneri~s uf sa~d p~on,~ssory no~e end ih~~
.:o.tg~ye •ny or either, a~id sa.d costa, charge~ and exFensas, ea~h and eva•ry, shafl be im~,•,~•d~aiely dut and payabir: whether w no~ Mere be nohce d~
man~, aTtlmpt t0 COlItCt or suit pend:ng; ~M~ tl~! ful~ d+rOVnt P4 each a~~d tverY Svch payrne~tif stialt bea~ m+Cresf irOm lhe C~atC 1~d~e0f until pa~d et th!
•~rr o~ n~~rt per centum F~aa ennu i~; and a11 said cosrs, cnaiyes en~ e~~:~nses incurred er pa~d, toyu!hrr w~th such ~nteiast, shall be setuied by the I~en of thi~ ,
mortga~e.
b_ That (a) in the event of ~Ay breach of th~s Mortgage or dcfau!t on tlx p+rt ui th•~ ttORTGAGOR, or ~b) in rhe everif any oi se:d sums ol money
herein refer~rd to be nOi ptort~ptly and 1a:ly pa~d vvuh~n th.rty (30J d~yi ~~c~~ atter ~i,c a,~~.ze se~«~a'~y br<.~ne d~e ar~d payabie, without demand or ~o~ke,
or (c) i~ the e~ent e~cl+ and eve~y the th{wia~~on3, ag•ee~renls, co•ed~:~o~~s and covenants o4 so d p~o<~+~tsuiy nofe and ~h~t nuxn9eye any or edher a~e nol
~uly, pranp~Iy and 1ui~~~ performed, d:uharged, e~ecu~rd, effccted. cwnptrred, curnpl,cd w.~b and ab~drd 5y, U~n in e,tne~ o~ any a~ch tr~eM the ia~d ag
~•egate tum mennoned in smd prpm~ssory noie In~n rr~naining unF~a~d. with Ineerest acc~~cd, a~x! a:i rr~c;n~ye xc~red hereby, shatl bccwi~e due and pay-
~b~e forthwith er therea:ter, a~ the opt~on of said MJRTGAGEE, sa f~lly and comp~ere~Y as if al! 04 N~e ss~d w;ns of money were a~g+nilly s~~p~latcd
ro!e paid on such day, anytF.;»g in sa_d pron,~sswy note or i~ this Moregage to thr co~itrary not,withstand:~~g; a•~d ihereuF,on o~ the~eaNer ~t the ophon oi ;
sa:d MORTGAGEE, w:thout not~ce or demand, su~t at law w in egudy, ther~fore or therrafter bey~n, may be pro~ecuted as if all moneys uc~rrd he.eby {
nad marured pr~w to ~ts »s~~t~rwn. ~
7. That in the event ehat at fhe beginn~ng o! w at any tlme pend~ng any su~t upcn rh~s Mongage, o~ to ~oreclose it, o~ to reform it, or fo enfwce `
paymeM of ~ny ciaims Rc*e~nder, sa~d MORTGAGEE shall apply to the Court hav~ng ~unsd.a~un the.eof tor the ap~w~ntmen~ of e Rece~ver, such Co~n shall
Icrthwilh appotnt a.ecr~~er o( said mortga9ed proeerty ati and singWar, inc;i.d.ng ail a~~d s•~y~~ar ~he ~nco~ne, prol~fs, issues and rerenuea f~om whatever ~
sowce de+rved, each and every of wh ch, ~t be~ng eapress;~ undrrstood, fs hereby me~igegcd as il spec~i~~aily set tor~h and drstrlbed in th~ grane~ng eod
hat,endum cle~ses hereof, and wch Rece~Yer shafl have sl: ±he b~.~ad and effecewe f~nu u~~s arx! Fwwers in anywae rntrusred by a Court to a Recrive~, and
s, ch appoinrme~» shalt bc rosdr by such Court as an ad:~utt~d eq~ity and a maner uf abeo~.,te r~gh~ to sa~d MURTGAGEE, and w~~hou1 ~eterer,ce fo the
ed~vacy or inadrqvar~ of rhe valve of ~he properry mo~tgaqed or to the so.vency or ~nsolv_~ncy ot s_~d MORiGAGOR or the driendants, a++d ~hel sueh
re~.rs, prof~ts. ~ruo~ne, ~swes and reyen~ef ahail be app~~ed by sucR Receirer accord~~~g to the Len o~ tquity ot se~d MORIGAGEE ar.d the ptadke oi suth .
Court. .
8. To du~y, pramptty and fu~~y Ferform, discharge, execute, effect, complete, comply wirh and ab~de by each and every the siipuiations, agree~ner~t~,
:and~tions a~d covenanfs m sa~d pro~..aso~y nete and ~h~s mongage ser focth. ,
9. That in the ey~ent rhe ownersh~p of the mortgaqed premises, or any part !}~ercol, beconxs vested in a person other than the MORTGAGOR, the
Ri~,AGEE, iri s~:cesso.s and ass.gni, may, w~fhou~ notice to the MORTGAOR. deai w~th such successor w successw. in mterest wirh reference lo this ~
~ ~•tgage and the dec~ he~eby secured m the same ma~ner as with h;orrgaga w~thout in a.,y way vi~ietinq or d+uha~g~nq rhe Mortgagori liability i+err ~
:^de~ oi u~wr+ rhe deb~ he+eey sec~^ed. No sate of ~he pre~nises hereby mortga9ed.artd no lorbearance on Ihe pan of tF.e ?AORTGAGEE or its succe:so~s
o• ass~gns ard ~o ea!e^s~o~ of +he ~~~*+e ~or the payme~t of the deb~ hrreby sccured given by the MORTGAGEE or its successws w ass~gns, ~hail operete
!o reie~se d~xharge, mod~fy :t~ar.ge or affett the orlg~na! 1'rab+l;ty ot ~he MORiGAGOR Fxrem, eifher in v?hole or in part. -
10. ?t is spec~f~~atiy agreed tha~ t,me is oi the essence of this contract and that no waiver of any obllgaeon herevnder or o( the obtigation se-
cu~rd hereby ~ha;~ at an~ rirn~ therraiter be hetd to be a wa~ver of ~he te~ms hereof w of tht instrument secured herby.
11. In add i"~~ to the i~:e~c ~o:;•h`y payments o~ p:~~c ~~al and ~nrrrest req~~red by tt~e ~`i6m SSGry r.o~e sccvrzd hercby, morega~or eovenants
r~d agrees to pay to r:.-r~agee .~~~h eac!, ,romh~y payr,e+~t an add.•~anal sum rs~ n ated by .norty3gee to be equal to 1; 12 of i;:e a~v~~ai cos~ of the follow- ~
A-AI! rEa~ ~rpper;y ta~rs le:~e.'. or ass~sscd aga~•~st the above describcd real es~ate
B-Pre~r,u•^s on f~re and +.~~dc+._r.n maura~ce as he:e~~ r~qu:red to be car~i~~d en tha ~mproveme~ss s:t~ate on rhe above d_scribed premises.
C-Premtvms en s~ch rcortyage o~arartty er.su~a::ce as mortgagee shail irom t me :o time duem fit to carry on tFx loan secured hereby_
Mortgagee s'~a:i from t~•nr te ~e nos,fy ma.tgagcr 6n w+inng of the ar•o.:~t d~e and pay~able herevnd~•r and wth sum shail the:eupon be due and
: r~zbfe on tAe d~e da+e of the necr e:o~tR:y paymzne an~ each wcce:s~ve To~+h tFk rea4r~r u~:ait mortgagee shali not:/y morrqagor of a change in such
~•~ovnt. Sach s~~~s sF r. tx a~p:;ed oy .r.orrgagee toward the payment of real praperry taxes, insurance Frem;ums, and mortgage guaranty in~urance
r«:wms.
IN V~?TNE~S 'l.HEP:OF tne sa~d MORTGAGOR has hrreunto set h;s har.d and sea~ the day a a~ firsf a esaid.
SigrQl~ ated a. de.iver in h resence oi: ~ S t
~~r~!_ ! ~
yL"` ` a~
V2 • ~
9 tsean `
~ 9 on se,n
- - ~s..n
5'. n7E OF FIQRIDA x
Lucie
~~uyrr of St • 1
s~fo.e ~~~i~,, appeared David E. Naughton
~ SdYa tiaughton his wife, to me well known and known to me to b~
+^e ind~vidwb descnbed in and who eaecuted the faegoing instrurrKnt, and acknow~cdged beforo me thal they exetuted the tame fot the purposes
rherein ~:presxd. And the ~aid_______ ~ra Haughton
x+~ oF r~ :a;d David E. Haughton
- - upon s scparate aod priv~t~
r.am~nat.on by me taicen up~ratt and apart from her sa~d hv~band, acknowledged to snd before me that she exetuted said inftrurnent fresly snd volurr €
~arn~ and w.thout any compu~sion, consrra~nt, apprehe~ ~ w fesr of or lrom her uid husband. ~
WITNESS my hend and ofiic,al seal thia_.-ir~~--_ day oi Mareh o. i9_.Zl
~ Notery PubGt in ~nd fw the Stat of Flor' N 1 ~
' ~ My Comm~saion sap"~rei: ~ yi~ ~ ~
~
Re.vrn To: S~ : ,
f~rst Federal Savir.gs 8 loan A~so!iat.on ~O /D' ~ ~ , :
o' f LEO ANO RECOIt E
~ i „
CIE COUN1~ ~ r ~
Fo•r Y.~.c. f~~.•;d~ f~. ~ rrE~ ~~~~5 ' ~ b:~ ~
c~EaK aacuiT aon~t~ : ~ ; .h~~ : ~
~ RECOItO VEAIi1E0..~.•~~~ : • ' p ~ ~~d~: -
This Instrument Pre ared B Richard K. Ka e~'~ ~
P y. y 9 2s AM'T I ~~,~~~~t~~'~'
First Federal Savings E~ Loan Assouation fc~
of Fort P~erce Ff%~SrATE n~..~'
Cnecked By - ~_i'~'~~,,.,
a~~~ i9i 525
~ p~ 586
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