HomeMy WebLinkAbout0950 To place and cont~n~auely keep an tM bui:dinps ~ow w I+aea(ttr s:twt~ nn said land and on sp cqu~p*~en~ ar.d personally covered by tfiis morro-
w~th all p~em:umt the~eon pa~d io lul1, li~e insuranc~ ~n ~h~ usu~l sr+ndad polity lorm, in a sum ~p~ovcd by th~ MORiGAGEE, and wir+dstam
inswance in the uiwl s~anda.d pot,cy fw~ in a surn ap~oved ~Y ~he AK~`StTGAGEE, in such car.pany or compan~es u?he N~RiGAGEE m~y
d'uect; +nd all lirt and w~ntls~orm insurance polici~s oe? any of u~d buifd.ngs. ~ny iNeresl therein or pa~t Ihrreol, in ~he agyreg+?e s~m aforess~d w
in saces~ ~hereof. shall conrain the ~swl sta~~da~d ma~9+gee clause or such othe~ clau~e as ~M Mo~tpayee may ~cyuaa. mi?ing thr loss unde~ sa~d polr
des, each and eveay, payab~a b aald MORiGAGEE as ~ts ~n~eaest may ~ppex, and each and every such pol~cy shail be p~omptly ais gned ard delivered ~o
any held by sa~d MOR!GAGEE as iu~~har srcuriiy ro sa~d n,or~Qa~e debi. and. no~ Iess rhan ten (10) days ~n ad.a~xe of ~he eapuauon oi each poi~cy, to da
I~ve+ to said MORTGAGfE a rrnewal ~hc~col. ~oge~her with a rece~pt fw the prrm~wn ~f iuch renewal; and ~here shetl be no f~ec or w~~~ds~o~m intur~nc~
placed on a~y of said b~r~~dings. ~ny intc~est the~e~n w parf Iherroi, unlcss in tl+e form and wi~h the loss oayabte as alwesaid: and in the event any ~um
of emn~y becwnes paY+b~e vnde+ such pot~cy w pol~cies said MORTGAGEE ahsll have ~he opnon ta ~ece~ve a~d a?~ty the ssme on account o( ~he inckbtrd-
ness secured hrreby a ro pe~mit sa:d MORTGAGGRS to receive and ua~ it a any part tArreof tcr otinr pur}~cs~a. .•.~~ho„t th:nu~ w3~~~.~ ~r ~n~p.iu-
ing any equ~ty. I:en a right under w by w~tue of this maspage; ~nd i~ ~F~e event sa:d JNORfGAGORS shafl fw a~y rea:on ta~l ro keep the sa3d prem~ses so
~nau.ed, a fail to de~~ve~ {uomptly any of sa~d polK~ea ol insu:~~xe to sa~d MORiGAGEE, a fo~f promptly to pay f~~ly any pre~~~i~m the~efo~ w in a~y
respect Fail ro pe.~«m, d~sclurge, execure, eifect, completr, comply wi~h anJ abiJe bv this mve~ar~r, or any port hereo(, sa~d MORTGAGEE may plece a~d
paY iw such ins~~ancs o+ ~ny part ~hcreof w~rhou~ waivi~ o~ a4fecti~ any op~~on, {ien, equ;:y. o~ right unde? w b~ vi~tue bf th~s A.wtgage. and the
full u~wum of each and everY svch WYm~.~~ sha~: be ~^u^edutely dw and payable a~d sAal1 bra. inhrrst from the date lheteof ~n~il paid at the rat~ of
~:ne pa~ ce~tum per ar.,iwn arid to~rthtr w~eh such intcrest shall ?x srcv~ed by the lien of th~s mwtqage.
1. io permil, commit or sutier no waste, ar.,~a~rment o~ deterior+tion of sa~d properry a any part tfiereof.
S. To pay atl and s~r+~ulu ~he coats, charges a.^d expenses, includirw~ a:easo~able aftwney's (ee and cosrs of rbstracts of ti~Ie, incurred a paid at
any time by sa~d MORTGAGEE, because w~n the event of ~he failu~e on the part of ~he said MOQiGAGOR to d~ly, p~omptly a~d fu11y pe~form, d~xha.9e,
~,~ecute, elfect, comptete, compty w~~h and ab:de by each and every ~he st~pulauons, agr~n.ents, conditiors, and covc~anrs of sa~d ~~cxnfssory nore a~d thi~
.rowtgaye any w ei~hcr, and sa.d costs, cM~ges and c~e~nses, e~ch and every, shall be immediately due and payab!e; whether a n,t ihere be norice de~
mand, attempt to collect p wit pend~ng: and the full ar.wuM ol exh rxl every such paymem shall bca. ~nreresf Mom the date the~eof unril paid a1 the
r,,re o4 ~ine per centum per aonu:n; and all said tus~s. charges and cxpenses ~nturred w paid, ~ogNher wah such i~ue~es~, shatl be secured by the lien oi thl~
mort9age.
b. That (a) i+e the event of any breach of fhis Mo~tgage or default on tFe part of the MORTGAGOR, or tb) in the event ~ny of sa:d s~ms af money
nerein refc~red to be no1 prompriy and fu~ly paid w~;hin 1h~rty (30) days ~e~et afler the same severally become due and payaSle, without dtmand w notice,
or in ehr event each and every ~hc s~~puEa~wns, sgreements, cond~~w~+s and covenann of sa.d pran;swry no~e a~d th~s mo+egage any a ei~her are no1
iuly, promptly ar~d I~IIy ~,crfw~ncd. d scharged, e~eecured, effected, rvr+pleted, compl~ed w~ih and ab~ded 5y, then i~ e~thcr w sny such evem the sa~d ag
gregare sum men±wned in sa~d prwsuuwy no~e then rema~ning unpa~d, wiih inte~est accrued, and a11 mo~ys aecured hereby, shall become due and pay-
abie fathw~fh, a rhereafter, at tRe opr~on of sa~d MORTGAGEE, as full~ +nd compterely as ii all ol the sa~d svms of money were org~nally st~pulated
to be pa~d on such day, any~hirg ~n sa.d prom~sswy nore or in this Mongage to the cororary notwiths~and~ng; and therevpon a~hereafrer a~ ~he op~~on of
sa~d MORTGAGEE, w~thout nor~ce o? demand, svit at law o~ i~ equily, therefae or Ihercaftcr begun, ma~ be proxcuted as if ell moneys secvred he~eby
nad matured pr~or ~ts insntutan.
7. That in ttie evrnt that at ~he beg~nntrg of or at any t~me pending any su~t upon th~s i+~lo+tgage, a to fweclose it, or to reform ie, or to enforc~
payment of any cle~~ns he~eur.drr, sa~d MORTGAGEE •'+all apply to ±he CouA havir.g ~unsd.ct.on the~eot lor ~he appo~ntrt.ent of a Receiv~r, such Court shall
!orthwirh a~~wnt a+ece~ver of sa~d mo~~gaged pronerty ail and sirgular, incl~,d•ng all and s~~,gu~ar the income, profits, iuues a~d ~evenues I~om whate+e~
source derived, each a~d every of wh;ch, ~t be~ng expreu~y undrrstood, is hereby morrgaged as if s~c~lical:y set forth and destribed in tlx 9~anting and
h3bend~m ciauses hrrer~f, and such Receiver sha17 have ~II the boad and effett~ve func~.ons ar+d powcrs in anyw~se erttrusted by ~ Cou~t to a Receiver, and
f,;ih appointment shill ~ made by such Court as an admitted eqv~ty and a matter uf absolu~e right ro said MORiGAGEE, and without referer~ce to ths
adrquxy w inad~vacy of the vat„e of ~?~e prope«~ ~rwr~gaged or to the so~vency or ~nso~Yency ol aaKf MORiGAGOR w the deie.:dann, and rhat such
~rcuui~Eroi~ts, incane, ~ssoes and revenuea shall be appiied ay such Receive? accwd~ng to ihe lien or equ~?y of said MORTGAGfE and the practice of such
Covrt.
8_ To d~ly, promptty and (~lly Fetform, distharge, execute, effect, complete, canply w~th aod ab~de by each and every Ihe stipula~a.u, agreemer.ts,
conditions x+d covemn~s m sa.d promisswy rate and ih~s mortgage set fwtn.
9. That in the event the owne~ship of the mwtgaged prem~ses, or any part thereof, becomes vested in a perwn otFier than the N.ORTGAGOR, the
MORTGAGEE, ~+s successors and aasgns, may, wirhout r~once to ~he MORTGAOR, deal wn6 such succcssa o~ successor Io interest w~th r~ere~+c- to this
morlgiye and the debt hereby secured in the same mannet as w~th 6lortgagor without in any way vit:ating or d~schargirx~ the Mortgagori liabi°ty herr
::nder or upon the drbt hereb~ secured. No saie of the prem~ses hrreby mortgagrd ard no forbearance a~ the pa~t o1 N~e MORTGAGEE or it; successas
or ass~gos and no earens.on o~ rhe rime fw the paymem oi the deb~ hereby secured given by the JIRORiG~?GE~ o~ ifs successors or au~gns, ahal: o~xrate
ro reiease, d~uharge, mod~fy change or affect the wi9inal liab~l~ty of the MORTGAGOR here~~, either in whole w in part.
10. It is saec~!~ca:Iy agreed tha! time is o( ~he esxnce of this contrau and that ~o waiver of ar.y obl:gat~on hereunder a of the obligation sr
c~red hereby sh~~t at any time eMrreaf~er be he:d to be a waiver of the terma hereof w of the i~strument secvred herby.
' 11. In add r.o~ ro the forego ~~g mo•~Tr!y payments of princ pal and inr~~est reguired by the prom"sscry nore s^cured hereb~, mor~gago~ covenants
a~d agfees to ~ay to n,o-~gagee a~fh ~ach n.o~thiy pa~~~:ent an add~nonal svm e:f~mared b~ ma•tga~ee to be equal to 1; 12 uf the an~uat cost of the follow-
:•.g:
A-AII re~l p:operty ta:as le::r~ or ass^ssrd sg~inst thc a~ov? desa~hed r~al esta!e. .
B- Fr_r..:u~:~s o~ ~~rc ar.d wir.dsto:m ins~racce as he+e~n reqv:red to be carried on the im;.rovrme~ts sltuate on the above d=svibtd premises.
~I C-Prem~ums o~ s~ch mort~:.ge gua•anty ir.surance as mwtgagee shall frerr. rme ro. time deem fit to carry on the loan secured hereby.
~ Alortgagee sF.a ~!rc:n r~+ne to t~•ie no~~iy mert5agor in wrif~ng o( the a*~ou+w~ dvr and payab7e ~~ere~ndrr and sviF su~n sha.t ihcreupan be due and
~arab:e on rhe d~e ca+e of ~he r.e.t monthiy payment and each socce.s~ve mon~h thereafter ur.t~l mortgagee shal! not~fy mortgagor of a change in such
~ ,~-:oum. Such s.,ms sF e I be appGed by mortgagee ~oward the payment of reat property taxes, insurance prem.vms, and mortgage guaranty insurance
premiumt.
~ IN \YITNESS L' Ri0 *ne a~d MOkTCsAGO~ has hereunto set his har.d and seal the day artd year fFrst storeuid.
~ Sgned. Se~l lic in esfDte of: l` l. ~
F1~ED ~MO RtC~~~~O ~ (Sean
sT. w~ie couNtY cs~.n
C 9~i~,~ ~e~n
_ C~EaK ~ ~CV~T~~ ~t e1 r~
? - RECOao vER?F~EO
Si ATE Of F10RIDA ,
St. Luc:ie ~ sM+M 1 ~ ~N `~.~~J:~~ ~ "
~OUNTY OF
Before me penonally appeared ~11i3ID R. DEK30fl and
Allie B. ~1JSOII his w~fn to me well known and know~ to me to bs
rhe ind:~idwis descr~bed in a~d who e,cecuted the fo~egoing instrur*eent, and acknowledged before me that they eaecuted the same fw tM purposea
rherein expresscd. And the sa~d_ A~lie B• ~WSOtl ~ • ~
William R. DeWSOn _ ' '
fe of the said - . upon' t iepjvata• i(:d~ priv~N
e.am:nat~on by me taken separate and aFa:r frun F~er said husband, ~cknowledged ro and be(we me th~t she executed iMtrutMdf ~e01r anf?.vduo-
rar~~y and w:thovt any compuls;o~, constraint, appre s~Qn, o~ fesr of or from her said husband.
tA 'T. ~
WITNESS my hand and of(k~at xal this_-- day of 'j ~~.,Gi_
. ~ y - ;
. - -
Not ry P~blic in anG t State of Ipiid~t Lfrp4 ' t~- `
: .
My omm~ssion eapires:
'~•'L .
Retum To: ~CTAi~'i Pli3LiC STAT~ CF FLGr10A A? ~~t6E
F~rst Fedsral SaYings 3~ losn Ass«;ar,on MY CO:r'.;:S~IGN EXPlRES M: R. 2, 19'f$_ sT•.
of co.r P~••cr CENE4~i I!rSJRANCE UNOFF.:•:41TER'3 .::rr .
Fort P~erce. Hcr~da ~ • ~r
d
This Instrument Prepareci ey J. D. Chastain ~
First Federal Savings b loan Association - '
of Fort Pierce ~ ~~orida
Checked By Boo~ 1~3 949
z~s