HomeMy WebLinkAbout0675 ~o pl~c~ ~nd continuously keep on ti~t bui'd~~ys now o~ here~{ter wtwt~ o~ sa~d l~nd a~d o~ a!: eZ~:F~^snt and p~r~unally cove~ed by Ihis rr~ae9-
a~e, w~th ~11 prem~~„i thercon pa:d m iuii, ine inw~~nce ~n iM O~JaI sta:~ard p:':cy for:n, iw • s.,~~ •ppro.cd by ?F~e MOR:GAGEf. a~,d w~ndsrorm
~~ivrance in tM uswt s~snda~d paLcy Fa~n, in • sum appro.eJ by ~M MORTGAvEE, in aKA con•jvny or cw~pan~es as the h~ORTGAGEE ~suv
d~.cd; and ~II iire and w~nils~orm i~iurente poGc~es on ~ny ol sa~d b,~~d..qa. any inte~e~l ~Mrre~n w part ~hereof, in the agg~eg~~e a~m at«esa:d a
in eacest ~l:neof, shall ;onta~n ~he uswl sta~~dad mw?9.sgte dauie w such orher d~vs~ rhe Mwtyaq~e may req~.ri, malin9 1he loss ~nde~ si~d pn~i-
ues, exA and erery, payabl~ ro sa,c.+ !1tORTGAGEE as ~ti incerral may ~ppia~, a.xl aach and t~c~y wth poucy sh~ll be premg~ly ais gned and de~~Yered ?o
•ny heW by sa~d MORSGAGEE as l.rther securiry io said mw~y~ge debt, and, o~e !rss than irn (1Cl days in adra~~ce of ehe e~p~ranon of each pohcy, fo de-
crvar ro said MO$TGAvEE a ~s~uwal tl~creoi, toQe~M+ wirh a rete~pl ior the ~emwm of such .eneaoi; and ihere shall ba no f~re or v~,:~Watwm ir,s~rance
placed oo any o) said bvild~ngs, any interest thero:n or put thtreo(, un~ess in the (orm and wi+h the toss payabte as afaesaid; and in t4e •~eN any wm
ot money becomef pey~ble ur+dee s~.ch po:icy or pol~cies sa~d MORTGAGEE ah~ll h~ve ~ha oNe,on to recr~vr ar~ apNty 1he san.r on accou:~r of ~he i~~deb~rd-
~ess iecured he.~by w to permil aa~d MURiGAGORS 1o receive and us~ il w sny parl the:eof for o:« •,r pur~~OSri. v.~~iw..t ~h_:,.,, ;,r n~~~~~r-
~~g any aqu~!y, i~en a r~ght undrr a by vir~~e ot th]s mo::qage; ~nd in the evcm ta.d K.ORlGAGORS shati fw ~ny reason faft to kerp ~he sa~d premfsrs so
~~svred, w fail ro delivcr pra.y~Ny any of seid polKies of iniura~ce ~o said MORiGAGEf, o~ fan promptly to pay Fu:ty any p~e~~~~~m ther~4a or in any
ro~ped (ait Ip pe.fam, dscMr9e, e~e:ute, e~~ec!, complrTe, comply wi~h and ab~de by this c~ven~nt, o. anv p.trt hr~eof, ss~d MGRi;,AGEE e»ay p~~ce r+o
pay (w such in~urence or a~y parf thereo( w~ihout weiving w•(fect;rg any o~,e,on, l;en, equ~r~, or i~ghf unda a by v~rt~s of ~F,~s Mor~gage, a~d ehe
t.,ll amount of eacA and e.ery tuch paymam shall be immed~atdy dve snd p~Yablt and shall baa• inrereu fiom ~he date thereof u~~~J p.~~f ai ~he rate of
~~ne ptr c¢ntum pe. annum snJ to~othrr wah such i~ver~st sha~~ be secured by ft~e lis~+ o( th~s mwtgagr.
4. To permit, commit w su(ter no waate, impairment p deteriorarian of sa~d property o~ any part thereof.
5. To pay atl and s:ng~b+ rhe costs, char9es a~d expenses, includirg a~cison~ble ataney's ier und costs ot absnacts of t~Ue, ~nce~~ed o~ pa~d a~
any time bv sj~d MORTGAGEE, beta~sc ot in the event of the (adure oe the pan of the sa~d MORLGAGOR ~o dvly, prwnptly and fvlly perform, d+xhj~ge
, erec~te, effect, comp4te, canply wah and ab:de by each and every tb: s~~puia~:ona, agrer~nents, cond~t~o.~s, a~d cover~anrs of sa.d pforn~ssory nae +nd rh;~
•~:x~gage any w e~rhe~, and wd cos!s, chargcs and expe~u~, cach and evrry, she1) be immediarely due and payab~e; whe~her or not rhrre be nm~ce d~
-~a~d, ~llempl ro colled w s~it pc~xl~ng; and the full amouM of each and every such payment shait bea. inrerev (rom the dite thereof ~nti{ psid .-t the
rare o~ n~ne pt. centum EKr annum; and a~! said cosrs, charges and ea~rnxs ;ncwred w pa~d, together w,th such ~nte~eit, shail ba secured by the I~en of th~~
mort~age. - ;
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6. Tha1 (a) in fhe evenl of any breach of this Mo+~gage w defaulr on tt~e part of the AtORiGAGOR, or ;b) in the eveM ~ny of sa'd s~ms of money
hcrei~ referred to oe not p.anptty and fully pa~d w~rh~n rhuty ~30] dayt near a"rr~r the same se+~era'ly be:ome due aod payable, wi~hpu~ dernend o~ natise.
er (c) in the event each and cvny ~he stiputanans, agreements, tond~:~ons and covenams o! sa ~i promisso~y no~e and fh,f mo.tgage any w either •rt oot
iuly, promptly and f~t!y perform~d, d.xha~gcd, eaecuted, elfec!ed, comp;eted, compl~ed w~~h a~d ah~ded Sy, rhen ;n e,rher w any such e~e~t tAe w~d ag
~regale aum mem~oned m si~d Fxom~ssory note thrn remaining ~npa~d, w~th imeres~ acuued, and a:t moneys ucured hereby, shall pecort+e dus and pay-
e~ e f~thwith, or ~herraf~er, a~ the opf,on of sa~d MORtGAGEE, as fully and complNeiy as it aIl o~ thr sa~d sums of money we~e w~g~nally sripuisted
to be pa~d on s~,cA dey, anrrh~~g in sa.d pro~r.~ssory nore o? in this Mo~fgage ro ~hr con::ary no~~v~ths~snd~~g; and ~he+eupon w thereafter at ehe opnai of
sa~d MOATGAGEE, w~rhout nonca o~ demand, suit at law or in equity, therc(we w thcreat~er begun, may be prosecuted as if all mor+eys secured !?ereby
nad mawred Pnor ro ts insnrvnon.
7. That in ~he e~ent tha: ar fhe beg~nn~ng of or at any time pendinq any svi: upan th7s Mo+~gsge, w ro fa.Klose et, w to refwm if, or to enforce
pay.nen! of any c~aims hereunde?, sa~d MORTGAGEE shall apply ta thr Court ha~ing ~or~sd.cnun thereof f.x ~he appo~nrment of a Rece~ver, s~ch ~ourt shall
ronhwith ippant a rece~~er of sa~d mortgaged p~ooerty sII and sirg~lar, inc;v3,ng a~~ and i~ny~(a~ ~he inco~ne, piof~ts, issues and revenues from wharever
s, urc~ der;ved, rxh and every ol wh~ch, it be~ny eYpressly undersrood, is F.er~by mor~gaged as if spec.ficaily u: to~~h and destr,bed in the Q.anrwig a~d
hnbendum clavsrs he~eof, an3 such Receiver sha4 haca ?11 ~he broad and eifecrive 6~nct.ons and powe~s in ar.yw~se emr~sted by a Co~rt to a Qcteive~, and
s_:h appointrr~nt sAaN be made oy svch ~eurt as an admit~ed c~u~ry and a malte~ of absol~te ngM to uid MORTGAGEE, sed without ~eference to the
e.?eauecy w i~adequacy o4 ?he val~,e of rhe p•operty moregayed w~o ~he so.Yency or ,nsoi~ency ol sa~d MQRiGAC,CR a the de4e~ula~rs, and ~hat such
re~rs. proiits, incwne, issucs and revenues shail be applied by such Recriver accad~ng ~o tAt tir~ or equity of said MORfGAGEE ar.d the pract,~e of such
CouA.
8. To du'y, promF.t;y and fuily perform, d~scharge, execufe. effect, comp{ete, comply with and abide by eath and every the atipu}ations, ayrecments,
co.:dit~ons and covrnann ~n sa~d prom~sswy notr a~d fhis murtgage se: forth.
9. That in the evrn* the owr.crsh;p of the morsgaged premises, o~ any part thereof, ber.omes vested in a person otFvr than the AlIORTGAGOR, the
:'.~RTC,AGfE, its successors ar.d ass~gns, may, withovf not~ce to the MGRiGAOR, dea~ w~tl: such suc-essw or svccessw ~n ~~rerest with reterence to thh
n•o~fgsge ~~d the arot hereby sKUr~ in tha sam! manner as with Mort~agor witlwut in any way vihating p d~scharginy the IAortyagorS" tiabdity here-
o~der ar upor rhe ~ebr he~eSr secured. No sa'e of the prrm:sea hereby mo.tgaged ar,d no forbearonce o~ the pan of the IdORiGAGEE w its succeswrs
cr ass:gns and no eaerns~on of the t,me fw the payment of tRe debt hereby sec~red given by the MpRiGAGE'_ or ets suttessws or asa:gns, s~ al1 aperate
ro re~ease, d~scha:ge, modify change er at(ect the orig.nai tiab:i~ty oi the lNaRiGAGOR he~r~n, either in w1ale or in pan_
10. U is spec~flcetty agreed rhar r~me ~s of the esu^ce of th;s co~t~act and fhar no waiver of any obl~gat~on hercvnder or of the oblgation se-
c~red he:cby s'+al~ at any time th2reafter be he'.d ro be ~ waive~ o! the terms F~epf or of the instrurr.en~ secured he~by.
i l. !n ~;id ~ o: ro i?.e forego ng mo^Tn'y pa~rmeros of pri~c pai and inreresr requ~:ed by tl~e prom sscry ~or2 s..u~ed harzb~r, mo:tgagor tovenants
~ agrees to ,a~ to m.orrgagee v~,ch eath rnonrhiy payr: ent an add rional sum rst::.:ared b{ mortgager to be eqval ro l2 0( the ann~a! tosr o! the foliow-
,a
A-:.i! rea! praperty taAas tev~e~ or aurssed aga~~st thc abore .lescribed rea~ esta!e.
B-Fr,-,..;,:~s o~ f~re and w~ndstorm fnw~arce as herdn requ:red to be carried on ~F.e ima~qVt,re~ts s;tuate on the above d=scribed premises.
C-Pre^-.;~:-s o~ s~•ch mort_sge gva.a~ty ~cwrar.ce as merrgaqee shait frv~+: r me ro :~rne deem t~f ~o cany on t}~e loan secured hereby.
Nlortga~ee s^a ~'~::n t~.ne r~ ~,~e nc•~ty mortgagor in wr~;;ry of the a^-ou~~ due and payable hereundrr ano such sua, s6ai1 thereopon be due anti
...abie on thr ~.;e da~• of .he ~e¦r c,o~th:,r payment a~d each success~ve mo~rh rhereafr_r u:.ru mortgagee :ha'.I nof~fy :-wrtyago~ ol a change in such
_ o,;nt. $vch s~=ns sFe ~ 5e app~ied by mortyagee toward ihe payment of rea! p~operty taaes, inswance prem.ums, and mprtgage _~ranty insurance
n•emiums_
I~i Y:IIt1E5S ::ME~.C:. r:e sa`*3-#9StTGA~JR kas h°revnto xt h~s h. +d a d seal !k- day and year first afwesaid.
, Snaled an uet~~e~edjn the presence ot:
~ i_ G. ,ry • G~1' ~n
_ r'`-' (Se~q
. _
' " (Seal?
- (5e~p
5 i Aif OF fIORIDA - ~
ST. WCIB u-
~Q:iNTY OF
Befwe me pe~sonally appeared MQ'?V1I! E. raylOl
_ _ ~Rild l.. Taylor h;s wife, ro me well known and known to nx ~o be
•~e :nd~v~duats deur~~ in and who eaec~ted the faegary ;~strumeM, and acknow:edged be`we me tMt they executed the aame ior the purposts
rh~•ein expressed_ And the sa~d ~..@Ila 1.. Tavlor
~e of the said ---------M61V1D E. Td~110! - upon a sep~.ne and privat~
e.arn~rat:on by r,:e taken x~rate and apart from her said husbsnd, sctcnowledged ~o and tore me that she executed said instrument freety and volvo-
and ir:tho~t any compu:sro~, consttaint, aFpr~hens~ n, pr f ar ol or lrom her said jrus nd.
j i ,
WITNESS my har,d anJ olfic~al seal th~a_ _ d~y oi~~ , A_ D. 19 71
~ 7
~ ~
Notary P bl~c in a Statf o~ Fbrid~ ~t.larq~
Ret~m To~ My Comm~asioo expi~es: ~_///I y~`9~ _
T /7 ~
Firtt icdcral Sa.inga 8 loan Aswc~er,or+
212833 • '
Of io~t G..._ ' •
Fort P:r•-a. fr~.ndi - • _
FtlfO ANO RECOR~E!
SL lUC1E COUMTY /LA . = r,' ~ ; ~ -
ROCEa POIT~tAS _ . -
CIERK C~aCU1T COUIIT ~ . : , . : .
This instrume~t Prepared 8y John W. Coll ins REC~RO YER~PIEO++~-~ ^
Firsf Federal Savings b loan Association p ~ ~ ~
of Fort Pierce, Rlc~zida JQ~ ~s ~ 3~ IH 7~
~
Checked BY ~ - _ _ _ ~ .
~~R~ 194 ~75
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