HomeMy WebLinkAbout0206 J. To pl~ce snd contirwously ke~p on tM bu~:d~npi now w he~eaitsr s~wate on ~a~d iand and w? ~q~~W~~n~ a~Td pe~~onally covered by th;s ma~q~
p~. wi~h ~11 promiums thercon pa,d f~tl, G~e ~.~suranu ~n tM ~wd ~~a~~md H~ot,cy form. i~ a sum aNp~ovrd bi ~he A\uk~irAGFE. and w~~ds~am
inw~ance in ~he viwl ~~e.-~dard pol.cy fam, in a sum ~pproved by ~he MURiGAG[E, ~n ~uch canaa~v a~a?+µ~n~es as +hn MQRiGAG[E m+Y
direth ~nd al) (iro ~~nd w~~xlatorm msur~~t~ polec.es on anv o) sa~d bulld.ngs, ~ny interest ~licre~n or part thrrrui, in ~Fk aagra•~ete sum aiaesaid a
in eacess ~hereof, ~lall roma~ the usuai sta~xiard mor~qayee clause a such o~hn c!avse as ~he Mc~tpayee may ~aq~~re, nu?~.Lg tha ioss unde~ so~d polr
N~s, each and eve~y, pAYdJ~Q ro said V~JRTGAGEE as ds inlerrat n~sy ~ppea~. +~~d each and e.•e.y sucA yo:~c~ shalt br prp:yaiy atia g~~ed end de5v~~et1 ~o
any held by said MORIGAviE as iuriher srcurity ?o wid nw.~flnge deb~, and. no~ less ~Fwn ten (101 d.?ys in advance ol tha ea~~ha~~a~ ol each yol~cy. to da
I~ve? 10 said MURiGAGEE a re.~cwai U~ereuF, togHhN with a reteipt (or Ihc pre~~iurn ol such ~.newal; and. thr~t sl+a~~ be ~w ~•re or wu~dtto~~~~ ~~svrante
plated on any of sa+d b~d~~~tigs, any enterest thme~n w parl ~hercof, un~rss in ~hc form and wnh ~he loas p~yeble as af~resaid; and in the ere~f an~ sum
of money bscon+cs pay.blr uade~ such potiq ur po~~ues said MORTGAGEE ~hall haoe ~fw o~,!.on ro rccc~Y•~ a~~d ap},ty the Si~~~t 0~1 accou:~t ol ihe i~xJrb~rel-
ness secured hc~eoy w ro pe~mit sa~d MORTGAGCIRS ~o receivs and use it w+n~ par~ t?K~ro! Icr oti~~ ~ Nury osra. ..~~~~•:u~ ~h;•..,~ w.:~.~ or ~~,~~u-
in9 ~ny aqu~ry, Gen or r~yht vndn a by virt~w of ~h:s mor:~aye; and in tM event sa~J MURTGAGORS shatl fo~ any reiw.~ (oil to keep ~he sa~d p?em~ses ao
inswed, w fail to drlivar prompNy +nY of sa~d pol~cies of inswa~ue ~J sa~d MORTGRGEE: o~ fa~t Exomptly ~o pay fulty any prr~~~~v~n ~hcre~or o~ in any
re~pect tail tt; pwfo~m, d~scha~ge, e:ecute, effec~, complete, co:npty wi~h and ab~de by t~us cove~wn?, w any part hr~eof, s.a~d MGRiGAGEE may p~sce a~d
paY Iw s~,ch insuru~c~ or ~s+y p+~t thereof w~~hour waiving w afFectinp aoy ophai. Gen, ~v:~y. o~ r~ght unde. a by v~~rue ot ~h~s Mo~~gagr. and the
1~11 a~rauro of eacA and e..~y such paymen? shall be ~miixdia~cly due and payab'e and shal'e beer intcr~st trom the da~e Ihe~caf uroil pa~d at the ra~e ol
nine per ccot~m pe~ arowm e~x! to~rthrr hith s~ch inte:est sh.+Ii !,e secu~ed by the tfen o! th~s mortgage.
To permit, commil ot su(fet no waste, impairmenl a deterioration oi said Hroperty w a~y part thertof.
S. To pay ~!1 and s~ngula~ the e.•sts. thuge~ •and expa+set, includ:ng a reasanable a~«xney's Fee and cos~s of abs~racts o( t~tfe, incurrQd a paid at
any ~ime bY sa~d MORiGSlGSE, lxcause o~ ie the eve~t of the (a~lvre on the part ut the said MORiGAGAR to dufy, pronipdy and fuily perFwm, d~uM.ga.
eaecu:s. effrct. camplete, comply w~th and at:de bY each and-e~ery the at~pvla~,au, agr~eme.,h, cond~tions, a~x1 co.~e:sants ol se~d pw~»~ssor~ notr and ~h~s
nw~tyipe ~r?y a e.~hcY, a~d sa~d costs, cherges ar+d espenxs. each a.~d rvery, shatl he immrd~etely dur and paya~:e; whrtF.er or ~or :here be no~+ce dr
mand, +'temp~ w couec~ w wi~ pend~ng; and ~he f~ll amoum of each ancl every such parmem sn~ll bra. ~n+erest fran t1e dute thereot unril paid ~t the
ra~e o~ n~ne pe~ ce~tu~, pr~ an:~urn:_ arw ali said costs, cha~ges and ea~r~~ses inc~crrd a paid, toyr~F~r~ w~~h wch mteina~, stwil be secured by the i~en of th~s
rtwrt~s.
0. That (a) in ~he event oi any b~each of Ihis Morty.,ye or oefavN w~ the par~ o( the h10RiGAGOR, o~ (b) ~n tFw event any of :a'd sums of money
herein refer~ed ~o ba no~ pranptty a~id ~ully paid within tb~rry (30! days nex~ a!rer ~hc s.~~-~e sevr~a~ly b.<ome due and payrbte, wa?w~~ demand o~ notice,
or (cl in the event each ~++.1 e~e~y ihe s~ipu!atlons, aqreements, condit~~ns and covena~~ts o.' se.d pron+iaso~y notr and th~s r.wrtgage any or either are no1
i~!Y. Wa^Ptty anc! 1~tly pe~}onned. d:xharged, eaecuted, el}ected. tanplNed, co~+~pl=ed w~rh nd ab~ded Sy. tF~en u~ e~~Fn w any such event the sa~d ag-
gregate swn memroned in sa~d p+a~~~sae~y note thrn remaining unpa~d, w~tb ~+ve~r,t act~ued, and atl mu~~rys securcd 1~ereby, slwt? becume d.~e and pay-
ab'e fwthv?ith, a the~raite~, at the option of said MORiGAGEE, aa iuily and comp:e+c~y •s if a~l o~ ~he sa~d w+ns cf rnoney v~rcrc o~~y~~u:cy s~~p~:a~ed
ro be pa:d on such day, anything i~ sa.d promissory oote a i~ this Moregage to the cwvrary ~ut~n~thstaud~~.g; a~~d therevpon or fhcreefrer ar ~he op~~on c~f
said MORTGAGEE, without nohce ot dtmand, fuit at law ot in equily, lherefo:e ot ifurcaltrr begun,'may be proxcuted as if ail moneys secured hereby
nrd maWred pnor ro ~ts ~mrrt~noo.
7. That in the eve~t that at the begin~ing of w at any time pending any su~t upcn' ~F.is Moregage, w to faeclose it, w to relorm i1, or ~o enforce
payment of sny c~a~ms her:under, said A10RTGAGEE shalt apply Io the Cou~t hav~ng ~ur,+d~ct~on thcreol fw the ap~.o~ntment of a Rete~ver, such Court shaif
forthwith appo.nl a recen-er of sa~d cnortgaged prooerty all and singuln, indud.nq a•i a~~d sinyv~ar the i~xome, prol~ts, ias~es and revenues Irom whatever
seurce de~ived. each and every of wh,ch, it being expressty uodees~ood, is herrb~ mo•rg,grd as if spcc.l~ca~~y xt forth and ~eu~ibed in the y~an~i~.g and
habe~td~m dausts h.:r ~f, and SVCA RfCtIVH sha~~ have •II tF+e broad and effect~ve r~nu c~~: and Fwwers in anyw+se cntrusted by a Cou~t to a Rccri~n, and
s:ch ap~oinrment shatt tx~ ~e:~de by wch Court as ar, admined eqvity and a ma~ter ef a~solure r~gM to ea~d ARORIG4GEE, end w~fhuut reference ~o the
adeqvac~ w ~nadeqvYy ~I the value of the properry mongaged or to the so:vrncy w~•uo~vrncy oF said MORiGAGOR or the defe~sdants, ard ~hat svch
re~ts, profits, inc:7r,r, ~ssues a~+d re.en~es shs!1 be applied by such Rece~ver ac.ord.ng to the lien or equity ol said MORTGAGEE and the prsctice of wch
Co~rt.
8. io dv!y, ptempt:y and fully perfwm, discha+qr, execute, etfcct, corr~fete, cu+nply wi?h and ab~de by each and every the stipuiations, agreements,
conditions and covenanrs +n sa~d promis:ary note and th;s mortgage set 1wth.
9. That in the cven? ~h~ ownership of Ihe r.wrtgaged prem~ses, w any par• fi,crcof, 6ccwnes veited in a person o~her than the MQRTvAGOR, the
A'.ORTGAGEE, irs successa.s a~d ass:gr.s, may, v+~ithout notice to the MORiGAOR, deat w~th su:h s.,ccessor w successw ~n mterrst with r~terence to thia
mo~rgage and ~ne d.•bt her~tiy secu.cd in the same manner as wit{. hlo~tgagor wnhout in any .vay vit:ating or ti~xha~g~~g the Morfgagors' IiaSil:ty i,err
under a uoon the de~t he~rby sec.~~ed. No sale of the cremises herrby rno.tpaged and no fo:Uea~ance on the pan ot ~hr !AORiGAGEE or its s~ccessor~
or ass:gns and no esse~~s:on o1 the hme for the payment of the debt hercby sec.,.ed 96ven by the 6tiORIGAGE'_ or ~ts succeuws w ass:gns, siiaii operaie
~o rNease, d:uharge, mod~fy charge or affect the org~nal liab~6ty of the /.10RiGAGOR herem, either in ~nhole a in part.
ln. h is soec;f;cal{y agreed tha~ t+me is of the esxnce of this comrac? and that no waiver of any obltgar~,,n herevnder or of the oblgatioo sr
cured F~ereby shafl at any time rhereafter be held to be s waiver of the terms he~eol w of the instru:nent secured he~by.
, 11. ;n a3~.t.o:~ ro the fo~egd~.g monrhty paymenfs of princ pa~ ar~d inre.est requ~red by the prom•ssery ~ar sacu~ed h.~r~~bt, mortga~ar covenants
and agrees to ~ay to ~ncrfgagee v.~rh eacfi mon~hiy payrnent an add~nonal wm esr::• a+ed b~ ~norrg~gee to be equaf to 1 12 of ihr :~a1 cost of ~he foliow-
in~: .
A-Atl r~a! properry taxos lev~cd or aisesscd agai•~st the above descri~d real estate.
B--F;nr.o :>s c.n f~re and w.rtdstarm insuracce as here~n requ~red to be tarri!~d en the :m:;rovemeits sitvate on the above described premises_
C-Prem;~ms o~ svch mortgane guaranty irs~rar~e as mo-tgsgee shall from ~-ne to ti,na deem tit to carry on the ban sec~red hereby_
blort9agce s~a i`~c~n r~,ne to nnu ~or~f~ mongagcr in writ;ng of the a~r.ov~f d~e and payable hereurtdrr and w:h s:,:~~ shali thereupon be due and
;avable on rh~ ci~e ca+e af shr ne~r mon!h!y payment and each successive rnomh thereaft.r u~.ril mortgaqee sh311 nos~fy mortgagor of a change in such
I a-ovnr. Such s~~ns s! a~ oe appi~ed by mortgagee toward the papment of rea! prOpe(~y taxes, inwrance prem:~ms, and n.ortgage guaranty insurancr
~ -:•e~ni~ms. ~
IN \YIT~lE~S `l:N~REOF rhe sa~d MORTGAGOR hss hereunto set his hand a~d seal the day nd •ear first afwesaid.
S;gned. Sestc~i a:.d de:~vered i~ the presence of:
a
FIIE~ ?MQ AECORDEO
ST_LUC!~ C~uNtlf flA. ames . a on a sin e a
~ f 9 lSesq t
~ ~ ~ RO~EA P0ITRAS
_ CIEaK CiRCWT COUR ~i _ (Seaq
RECORO VER~FIEO
S~A1E OF fLORtDA ~~O ~ 38 PM'~ I
COUNTY OF ~t • L11C 1@
Befue me perswse~~y appeared Janes H. Blanton, a single adult ~
~pL1[~1Cto me well known and known to me to be
rhe individwl~ desu~bed in and who executed the faegoing instrument, and acknowtedged befwe me that)Oi~C executed the same for the purposes
r?x~e~e e:P.essed. ~L10c~[ - he :4-T--
]OOOO~OOf
~l
. ~i
~1IITNE55 my hand and official seal this le day of J~e ~.~•~'9'.s-~1
; : ~
Notary D~blic in and fw t St~ of'f~orid tac~`~~ti
My Comm~ssion expires: ~'~r! ~ • -
Retum To: . - I ~ ~ ~ •~i
~~~G,~
. a
Fint federsl Savirn~s d. Loan Associat~on ~0 S. ~ •
Of Fort P.erce.
iort A~erce, Ftor~da
This Instrument Prepared By Richatd K. Kayes ~ 4.~,
First Federal Savings b loan Association
of Fort Pierce, Flor ida ~
Checked By ~ . . - _ . , -
ao~ 193 2t16
. ~