HomeMy WebLinkAbout0134 to plx~ and con~i~?vousiy k~ep o~ tlw buildinps now w Mraah~~ ~TV~N O11 f~id I~1NI Ofl ~II Qi~Y1pMM af1~ Pf?lOn~~Iy COVNfd ~ 1I?I{ IIWf19' !
p~. with all pren,ivms ~herw~ pa~d ~n iuil, fir~ iniur~nca ~n ~he u~ual ttanda~d polKy fam. fn ~~um ap~xov~o. b~ the MORtGAGEE, ~~d windttorm
imw~nc~ in ih~ u~wl ~t~ndard pol~cy f«rn, 1~ a iwn app~ov~d by tM MORIGAGEE, in tuch company or co+np+nies as tF~e MORTGAGEE may ~
dincf~ ~nd ~Q (i~~ ~nd w~ndarorm insw~~c~ polkKS on ~ny ot i+~d bvild:np~. My I~r~.e~t ~hs«in w~art thareol, Io tM ~99~e~aa wm dw~said a t
M~ac~u thKw/, sMll contai~ ~M ~wal ~taxlard maiy+gN cl~uH a such o~F~ clauw ~s ~M 1Nw~pay~e m~y ~equu~. m~?iny tM loa uhder ~ud poti~ E
ciN, Nch M+d ~very. paYabN w aaid MORTGAGEE ~a its in~Hesf may ~ppear, and e~ch and evHy such pol~cy ?h~tl b~ promptly ~u.pned a+d d~livKFi ~o }
~ny Mld by s~id AhOR(GAGFE ~s Iwtlwr ~ecuri~y to ~aid morlya~ debl, and, no1 lea lhan ~cn (10) days in adva~x~ of 1h~ expiratio~ ot each polky, to dr ~
liw~ ro~aid MORIGAGEE a rcnewal ~he.eof, ~o~e~F+K with • recap~ fw ~he p.~m~um of ~uch renewal; snd ther• ~MII b~ no t~r~ a wind~~am iowr~nc~ ;
pl~ttd ort aoy of ~id lwlldings. •ny (MCret1 th~roin or p~rl the~eof. un{as~ in the (orm ~nd with ~he loss p~yabl~ a~ •Iwesaid: ~nd i~ tiN ~wnt am Wm `
of mon~y beepn~es payabl~ ui?d~t such polity or polKi~a u~d MORTGAGEE ?hall haw ~M op~~on io recei'v~ and ~pply ~he ~s~w on ~cco~nl of ~h~ ind~bt~d- F
n~q ~KUr~d 1~~by or to peimit s~id MORiGAGORS 10 ~Keiv~ ~nd uw it a~ny pert ~hcrcol lor orhe~ pwEwsrs. .v~thou~ tha~~b~ warvin~ a uopair. 4
;ny any pu;ty, Ii~n a rph~ vnder a by virlw ol ~his mo+tflaye; a+d in ths •ve„~ se~d MORTGAGORS shall iw ~~y reawn fail fo keep ~he a~id pr~mises w '
insured, or fail ro ddiva~ p~omptly any of sa~d pol~ties of insurs~ce to ssid MORTGAGEE, w tai? promptly to pay fulty +~y p~e~n;um thereia o~ in M~
r~ip~d tall b pKtam, d~uharQe, ozecute, e~lec~, complete, comply with and abide by this covensnt, a any par~ he~eol, iaid MORiGAGEE may pl~q •~d
paY fa auch i~fwanc~ w a~y pa?t tMreof w~~hout w~ivinp w a(factir,p any op~~on. lien. equ~+y, w ~iflht under w by vi~tw ol thii Morrqap~, ~nd sh~
full amo~nt of ~ach ~~d e••sry tuch paymem fhall b~ im~nediately dus •nd payabl~ and shall bear interes~ irom tM dN~ Ihe~eof until paid H th~ w~~ o)
n~ne pK cu+rum per annum and ~ope~i,er with such irucreal sFwll be srcured by 1ht lien of thi~ matflsge.
To p~rmit, tommit o~ ~uff~r ~o waste, Imp~irmenf a detaipration o( said prope~ly w sny p~rt Ihereof.
S. To pay ~11 u~d sinpulu ths cwts, ch~rges and eapenses. includi~p a rcownable ~t~orney's Fcs and costs of ab~tracts o( titl~. U~cv~red or paid ~t
,ny ~in,. ~y a~id IM~QiGAGfE_ becavse or h? tlr ~vent of tM (ailu~e on IM p+~1 of ~he •aid MORTGAGOR 1o d~ly. pron+ptty ~nd fully perfam. ducharp~. f
execut~, ~ffed, canpld~, comply w~th +nd •b~d~ by racA and overy the stipu~at~ons, ~greer»en~s, condmau, and COVlna~~?1 O~ faW ptO~TiffOly noie iod this
mottyp~ any or ~ither. ar~d sad costs, cMryef ~nd ~xpensea, each u+d every, shall be immcdia~aly due and payable: whethe~ or no1 thert b~ nofic~ dt ~
mand, atrempf to colktt o~ soit pa~inq; and fM fuU ~mavnt of eath and wery auch payrrunl shall bec. interest from ~ha date tlxreof uNil paid N tht ~
ra~e o~ nint per ce~tum ~•mwm; snd +II said msn, cha~ges and expe~~aes incurred w pa~d, ~ogNFxr w~th such ~nteiest, ~hall be secured by IM lien of tAq ~
^+o~fp+y~•
6. Th~l in the eveot~~of ~ny breach of this Ma~ya9e or dcfault on tM part o( the MORTGAGOR, or (b) ~n ~he evenl any o1 ~~d sums of monsy
herein re~e~red to be nol promp7ly ~nd fully paid within Ihirty (30) days neat after the s~~*+e severolly 6ecome due aod payebte, without d~mand w ootice,
or in the even~ each and every the ftipulat~au. eg~eerrw~h. conJiitons and covenants of sa~d p~omisw~y nete snd th~s mortpape any a eithn u~ nol
i~ly, promptly ~~d fully psrfor~ned, d+xfiarged. eaecuteel, effected, compie~ed, compt~cd wi~h snd ab~ded `~y, ~hen in e~~her o~ any such evem the ss~d a¢
greyat~ wm mentanrd in s~id promissory note then rema~niny unpa~d, with interest acc~urd, end a~I rtwneys eccu~ed here6y, sMll becom~ dw and pay-
able forthwith, a tlxreafter, a~ the opnon of said MORTGAGEE, as f~Uy ard compie~aly as it ell of the ~a~d svms of mo~wy wcre ag~nally i~~pulated
to be pa~d on such day, anytAing in sa.d promissory note o~ in this Matgage ro the co~~rary notwithstandnig; and thrreu~wn o+ thercaher a~ tht option of
sa7d MORTGAGEE, withoul notice or drmand, suil at law w in equity, ~he~efore or Iherratter begun, may be proaecuted as ii all moneys setured hertby
hed matured pr~w ta in insiitution.
7. Thet i~ 1M event that at the beginn~ng of p al any time pe~ding any suit upon this Mortgage, o~ to iorecloss it, or w reform it, p to enfwu
payment of any claims hereunder, wid MORTGAGEE shatl ipply to Ihe Court having ryr~sd.u+on therrof lor the appointment of s Receiver, such CovH shall
forthwitA appoint e rece~ve~ of said ma~yayed pro~er~y aIi and siny~ta~, includ:ng all and s~n9u~ar the inco~ne, p~ohq, issues artd revtnues from whafever
•ourct derived. Each •nd every of which, it being expressly undersfood, ;s hereby mortqaged as if spec~ficaity set ta~h a~d deu?ibed io tM pr~ntinp a~d
habendum tlauus hereof, and such Receiver shall have all the broad a:xl effecrive funce.o»s and powers in anyw~se entrusted by a Cou~t to ~ Receiv~r, and
•~ch appointment shatl be made by sucF. Court as an ad:nltted equ~ty and a maner of absoluro ngh~ to sa~d MORiGAGfE, ~nd wi+hout refererxe lo tM
adequrcy w inadaquaq of the wlue of ~he prope~ty mwtgeged or to the so:vency or msoivency of said MOR7GAGOR a Ihe defendann, ud lfiat s~ch
renrs, profiq, income, issuet and revenues shatl be applicd by such Recrwer eccorJ~»g to ~he I~en w eq~ity oi said MORTGAGEE and the practiu of sv6t ~
Court.
8. To duly, p?omptly ~rd fulty periorm, dixharge, execute, eifcct, complete, compty with and abide by each and every the itipulations, ~yreemsM~, -
c~?iont and cova~w+K m s~d prwnissary note and this mort9age set fwth.
9. TM1 in M~e eve~t tM owner~hip Of 1he mortgaped premixs, w eny part thereof, becomes vested in • penon otF+e~ than tht MORTGAGOR, t1w
MORTGAGEE, its svccessws and auipns, m+y, withou~ ewtice to the MORTGAOR, deai with soch wccessor or wccessor in interest with re(er~nce to thi~
mo~tga9e and the debt hercby setured in the same manner as w~~h Mortgagor wirlwut in any way vit~ating a d~uherging ths Mortgagors' li~bilify hsrt
u-der or vpo++ the debt hereby sec~.ed_ No sale oi ~he premises hereby nwrtgaged snd no (ornea+ance on the part of ~F~e MORiGAGEE or itt successon
or assg.a and no eatension of ihe ti+ne for the payme~~ oi the de6r hercby secured given by the MORTGAGE'_ o~ its succesaas or aas~pns, shall operaM
ro reteax, d~xharpe, mod+fy change o~ affect the orgmal Gab~f:ty o1 the MORTGAGOR herein, either in whole a in put.
10. It is spec~ficatfy aqreed that time is of the esxnce of this contract and that no w~iver of any obl~gat~on herevr?der o? of the oblig~fion se-
cured hereby shall ~t eny time thereaher be held to be a waiver of the terms hereof o~ of the insrrumeM secured herby.
11. In add:tion fo the fpego:e~g monthly paymtnts o~ ~rirtt"pat and interest req~ired by the prom~ssory nore secured hereby, mwtgagor covenants
end agrers to pay to mo~tgagee with each mon~hly pay~nent an add.rionai sum est~ma~ed by mwtgagee to be eqwF to 1 j 12 of the annual cost of the fotbw-
ing:
A-All real F~operty taars kvied or assessed agai•,st tF.c above described roal atate.
8-Prem~~ms on 1~re and windstorm insurance as here~n req~:red to be carried on the improvemenfs situate on the +bove desaibed premises.
C-Premiums on svch mwtgage gusranty insurar,ce ss mo~tgagee shall fran t~me to t~~ne deem fit to csrry on fhe loan secured hereby.
Mortgagee ahali from t~~ne to time not~fy morigagcr ~n w+inng of the amoum due a~d payable he~eundrr and such sum shall thereupon be due and
FayabSe on the due date of ehe ne,et month:y payment and each successive month thereaiter ur.til mortgagee shall notify mortgagw of a change in suth
amount. Such sums sFa!I be applied by mortgagee roward the psymenl of real property taxes, insurawce prem:ums, and mortgage guaranty insw~nce
premi~mf. •
~ 1N WITNESS WHFREOf. t said MORTGAGOR has herevnto set his hand and seal the day and year irst af id_
i Siyned, Seal nd deliv ' the presence of:
~ , !,Zc~~ ? a4
~
~
J _ / ~ n
$TATE OF FLORIDA ~
S7. WCIB
courm oF
defore me p-rsonslly appeared L2Qyd 2avl ! and
Clnt i ld~ R_ 2~vlnr h;s w;te, tb me well known and known b m. m b~
rhe individwts described in and who executed the f«eqoiny instrumsnt, and ~cknowtedped before me tfiat they executed the sa+nt for tM pwposes
~ ?rK,~ ~.~a. Md ~h..~~~ Clotild~ R. ?aylor _ .
~fe ~ ~r~ „d Lloyd Tayloz ~ : n~.ti
ex+m:natio~ by me takrn separate and +part f?om her said husb~nd, ~clcrawl~dQed ro~nd befwe me that she eaecuted s~id " '
~ rar~ly and w~~hout any compulsion, carutra~nt, s~.pr~hensan, w fear of or from her said husband. j~~u .~y ~~i ~
~s~ d,y ~r A il • ~•J~7'-~_
~ WITNESS mr hsnd ~nd official seal thi¦ , y 'j~~ }
f~ 0 AND lIEC,~R~ o r~/~ r-r v.':
~ =1. L6~CIE COUM Y - ' ~ -
' • ROCER PQITlI~S Naary Pub1~c in a~+d (or th~ Si~~ ~ =
~ ~'lER1~,CIRCUIT C C ~ My Commusion exp'ues: = -3 ~ p . ~ v ~
a~w•~ 10: IlEC0110 YEti~F~EO ~ anr ~„t~~rc, STATE u~ t"` ?
~ Fint Feder~l Savings 3 loa~ Assxiat~on C:7•/!IlSSIOIV EXPIRES~'~ ~~~~~:a
~ OI ioA P:erte. ~ 28 " S9 ~M ~T I. 8o'"a°u Br Ame~~r.uu eaoterif ~ a• O`~~'
~ . (wrt F~erca Horida Jl~a~w~~t~
~ 20834'7 y_ i~~-~9'r.~' ~ -
~
~ This Instrument Prepared By Ricb~?td K. Kay~• ~ ~
~ First Federa) Savings b Loan Association s
• qf Fort Pierce ~ Rlorida
Checked ByF~--- ' .
~ Y aoox 192 ~.34
~ ~ =~y ~
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