HomeMy WebLinkAbout2519 t + a -
1. To pt~a and coedin~~ly kt~p on tM buildinps now a Mr~~itK situat~ on ssid I~nd and on all equipment ind p~rso~atly covtred by Ihis mortg~
p~, with all premium~ the~wn p~~d in full. fi~e in:u~~nc~ in ~h~ v~w! s~ino~rd policy form, in • sum approvtd by the MORiGAGEE. •nd winds~orm
insw~nc~ in ?M viwl st~~dard poGcy (am, in a ium ~pprov~d by ~M MORTGAGEE, in wch company w tompan~ef as the MORTGAGEE may
dt~~ctt ~nd ~II fin and wind~rorm inswanq policias on ~ny of Hid bNlldin03, My ~~11l~dil tANlin OI p~~f fFiO~60~, In the a{~qrep~?e sum afaes+id w
In 17CM~i IFIMlOI. shatl tontain ~M usual standud mat fi
9aQN ctws~ or wch othN claus~ ~a 1h~ Mo+t9ag~e may requ~s. makinp ~M lou ~nda sa~d poli~
cks. each and ~wry. p~Yabl~ ro aid MORTGAGEE as its intwest may ~pp~ar, a:sc! e=_c!e arc! ~Yry ~:xh p~.~:cy shall 4» promp~IV +u.gned a~d delive~ed ro
+n MW b said MORTGAGfE ~s furrha acv~i fo aid mort ? P
Y Y ty p Qe uaZt, ind, nol ku 1Mn ten (10) days in advance of the expirilion ol e~~h policy, to da-
livK ~o s~id MORiGAGEE • renewal ~l~~of. top~tl?K with a roceipl fo~ ths p~emium oi wch renewal; and thera shall be no i~r~ o. wind~iam inwranc~
pl~ad on a~y of s~„f u.,i:~:-7s. any ;r;;a:es? 1F+Neih or pan thereo/, unfeu in rM form ~nd wiih the loss payable as siaesa7ds ind ln tht event any sum
o! mpwy becom~s p~y~ble undet suth polity p policies ssid MORIGAGEE ~hall Mve the option to receiva and apply the same on account of ths indebted~
nass aetur~d M~tbr w 1o permil s~id MORTGAGORS 1o retav~ u~d uN if p any part thereof ior othcr p~rposes, v~i~hout Ihsr~b~ waivi~x~ w~rnpair-
inp any puify, li~n w riqhf urttkr ar by vi~tw of lhia mafysps; ~nd i~ tM event ~aid 1NORTGAGORS aFwll fw any reaw~ fail to keep ~he said premiset so
insur~d, or iail b delivN promptly ~ny of said policies of ie?swar?t~ to s~~d MORTGAGEE, d fait promp~ly to pay fully ~ny premium tf?erefor w i~ ~ny
ntpect fail ro pNfwnl, diuharg~, ~xecute, eifecL complet~, comply with and ~bide by this <ovenant, or ~ny part F~e,eof, said MORTGAGEE may pl~ce and
P+Y fa? ~uch inwr+nt~ or +~y part thereof without w~ivir+g w affectinp any op~ion. lan, equity, w right u~der w by virtv~ of this Matgaqs, and the
full amouet of sach Md wtry wch paym~nl sMll b~ ITf11ldH1fly dY~ ~fld ~~/abM and shall brar inte?et~ from ihe date Ihereof unrit paid at the rata ol
n~ne pe~ cMtum pK artnum and togethn with such interest shal{ be secured by the lie~ of th~s mortgage.
1. To p~rmit, commit w suffK no wute, Lepairment or detaior~~ion of iaid propertp or ~ny p~~f thereof.
5. To p~y ~II ~nd sirgula the toa», charyes ~nd expemes, ~ncludinp a~e+son~b!e ~ftwney's fee +nd cos~s of abse?acts of title, i~currcd or paid st
any time by said MORTGAG£E, Muuse d in tM ~wnt oi the failu~e on ti~ put of tM said MORiGAGOR to duty, prompriy a~d fuily perform, d~uharge,
~xecut~, elfect, canplN~ cpnply with and ~b~d* by exh ~nd every the s~ipulation~, aqrecmems, cond;tlons, and covenants oi saio prom~ssory noie ~~xi 1h:~ `
rtwrt~ape any a e~~he~, and wid costs, chupes and e:penses, each and every. shatl be immediately due and payable; whNher w ~ot rhere be notice de
m~nd, attempt to colkct a suit pend~ny; and tl+~ (~II amovnt of each ar,d a~ve~y such p~ymem shall beu interest fram the date the~eof unril p~id at 1he
rate of nine pe~ centum per aru~um; a~d all said costs, cMr~es and expensts i~cvrred or paid, together w~th s~th intereat, ihall be secured by the lien of tFw
'nor~pap~• .
b. That in the evenf of ~y bresch of tAis 1{Ao.~~ay~ or defwlt on ~M part of the ~IAORIGAGpR, w(b) in tbe svent ~ny of sa~d u?ms of money
hE~ein refe~red to ba not promptiy snd fully pa7d w;thin thirry (30) days ~ext afte? the same severolly become dve and payabte, without dema~d a notite.
or in fl~e ewnt c~ch and every 1M ttipulatio~s, ~greemenri, conditions a~d tovenants of sa:d promissory ~ote and th~s mortgaye any w either are ool
~uly. promptlY and fully pe?fwmed, d'exMrped, executed, etfeded, tomp{eted, tomplied with e~d abided Sy. ~hen in either w any such eveM tM uid ag
gregate wm mentiw~ed in taid pranissory note tF?en ~emainirg unpaid, with intereat ~arued, and a11 morieys secured hereby, shall betome dw and p~y-
able fwthwith, or thlresfte~, at the option of said MORTGACaEE, u(ully ard complerely ss i! al! of the said sums o( money were aginally ~tipulated
ro be pa~d on svch day, anything in si~d prom~:iory note or in this Morryage to Ihe conu~ry ~ot.virhi~anding; and rhereupon w thereafter a1 the op~ion of
seid 1MORTGAGEE, without ~orice o? demand. wit ~t law a in pv;ly, thertfote o? thereafter begun, may be prosecuted u if a!I moneys satured hsreby
had marured pnoi to in institvtion.
7. That in the event that at the beginn;ny of or at ~ny tims pending any wit upon this Matgsge, w to fwedose it, or to reform it, w to enfacs
payn+ent of any claims hereunde?, said MORTGAGEE shall ~pply to the Gourt Mving j~~isdrction thereof for the appo~nt~#,~, Reteiver. tuch Coun sMN
forthwith appoinf a receive~ of said rr~rs~rged prpperty a11 ufd sing~br, i~clud~ng all and singulsr the income, p~ofifs, iatuey aod.r~vawues from whatever
wurce derived, each ~nd every of which, it beinp expressty unde~seood. is F,ereby mwtgaged as if spcci(icaily sei iw~h and deKribed in 1F?e ~~~nring and
habe~?dum clauses hereof, and such Receiver shall have aU the broad and effective funcf~ona and powers i~ anywiu entrwted by a Cou.t to a Receiver, and
such appointment shall Fx made by such Court ss a~ ~dmined equity snd a maner of aCsolute rgM to said MORTGAGEE, u?d without reference to the•
edequ~cy or insdequacy of the wlw of the property mwtq~yed or !c •h- ~..?,,.ncy w;nsolver+cy of said NtdRiGAGOR or the defa~la~ts, and rhat such
renrs, p~ofits, income, ;ssucs and r~venues shsll b~ sppiied by such Receive~ according fo the lien a equity of said MORTGAGEE and the practice of such
Court.
8. To duly, promptly and fully pe?form, discFwrye, execute, effetl, complete, comply w~fh and ibide by sach aod ev~ry the stiputatioris, yreements, ,
conditions and covenants in said premiuwy nots and tha mortgage set fati?_ ~
9. That in the event the ownenhip of the mo~tgaped premises. w any part thereof. bem~nes vested in a~penon other than the MORTGA~a~OR, ths
MORTGAGEE, iri successon and assigro, may, w;thout norite ro the N1pRiGAOR, dcal wi+h svch successw o~ successo~ in interest with refcr~nte fo fhif ~
mortg~Q ~Mj The deDt hereby secured in the sun~ rnar~ner as w~th Mongagor without in any way vi~i~~irg or d~xharging ~he Mort9a9ors' liability herr `
under o~ upon the debt hereby secvred. No s~te of ~he preenisea hereby rrw~tgayed ~nd no forbcarance on the part of the MOgTGAGEE w it~ successon
w sssigns and no eatertsion of the time fw the p~ymeM of tM debt hereby secur~d given by the MORiGAGEE or its wccessws or assig~s, shal! operate
ro rokasG diuharpe. ~nodify chsrge a affett the wigin~l liability of the MORTGAGOR herein, either in whole or in put.
10. 1t is specifically agreed thst time is of the eascnce of this contract and that no waiver of any obligarion hereurxkr w of the obtiyafion ~e-
. cvred hereby shall st any r'ane thereaiter be held to a waiver of the terms hcreof w of the i~strument sec~red herby,
11. In add~tion to the fo~ego:ng month(y payments of princ'pal and interest required by fhe prom~sw~y rate secured hereby, mortgagor covenants €
' and agrees to pay to mortgagee with each manthly payment ~n add~rional sum est~mated by mortgagee to be equal to 1/ 12 of thr annual cost of tF~e follow-
ing:
A-All real property taxes levied or assessed agai~st the above described resl estate.
B-Premi~ms on fire and w7ndsrorm insurance as hereirt requ;red to be can;ed on the ;mproremrnts s~tuate on tF?e sbove described premises_
C-Prem~ums on such mo?tgage guaranty insurance as mortgagee ahall from t~me to time deem iit to tarry on tFee loan secured F~ereby.
Mortgagee shall from t:me ro time notify mortgago? in writing of the amoum due and payable F?ereunder and such sum shall thereupon be dx and
payable on the due date of the next monthty payment and exh svccessire month rhereaftcr urrit rt?utgagee shall notify rrwrfgagpr of a change in such
amo~nt. $uch sums sF.al1 be applied by morigagee toward the payment of real prope~ty taxes, insurar?ce prem:ums, and mortgage guaranty inswance
premiwrq.
IN WItNfSS w EOF, e said RTGAGOR Mas herrtunto xt his hand and feal the day u?d u first aforesaid.
' n~d, 5 le a deli r in the re~eoce of:
F1LE0 AND RECOROEO
ST.lUG1E CQUM?Y F~~• ~
iIOCE~ POItRAS _
CIERtt C'.RCUIT COU~T ~ ~ ~n
RECORO VERtF1E0 ~
? 2 ~ PM'Z 1 ~ .
STATE OF fLORIDA f
~o~N~ ~ st. ~~e ~ 209994
BsFore nK ps~wnslty appea?sd ~ All@II Sl]d ~ie ~llen~ ~~e ~a~i ft~ .nd
?A~ r 1~AVer g~'-e~ ~7 ~~11~d L his wife. to rrk well keown and krawn to me to b~
rhe i~dnidwla descr~bed in snd who ~xecuted tM fws9arp instrument, ~nd acknowtedped before m~ that they exccuted the sarn~ fo? th~- pprposes
.~.e,Kd. n„a ,h. Jo Azm Atlen xife of the said i~l e E. Allen and •
I~ildred L. ideaver. vite ot tbe aaid I~eo C. _
W~eaver -
e~am'u+atan by me tsken sepanN ard apart from}h~ said husb+ndi+du+owted9cd to and befw~ me that~e:ecvted s~id
unly and without anr compvlsion, corutraint, ap~ F~o~ or feu of o? from~ai sa' r'.•' ' t -
~ Q~w f~ ~
WITNE55 my hsnd ~nd ofiicial Ka) t:~:~ a ds of ~ • •~r .
Y . • • C~ .
: 4 : ~?f
Notary Publit in ~nd i the Str? ' ~
My Comm+uion ~xpi~ ~ R~ ~ .
Return To. S~ ' . ~ p ~.i~
. V ~ r.
Finl Federal Savirgs i loan Aiwciation t~OTARY PUBLI{: S7J1TE OF FLO
Of fo<< P,~.c~. MIr COMMISSlON EXp1P.ES MAR.~i~ ~~t
Fo?t P~erca Florids ~ENERAt INSURANCE UNDEF WR! . E~~~~~~. .
r1unN~Mv:-:
3-a-7S a~•,
f
This lnstrument Prepared By J. D. Chastaip ~
Firtt Federal Savings ~ loan Association
of Fort Pierce ~ F101'idg
Checked By ~ ~
_ 80~1(1t~ ~~e~ ~a '
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