HomeMy WebLinkAbout1047 TO PIKf •~d co:uinvously kHp on ~M bui!diros i+ow a htf~~It~f 41Y~f~ Of1 f~~fl ~~nd and on al! equ;~rnent ard pe~saully covered by ~hi~ mwt~
ag~. w;~b all p?em~ums ~Mereon p:.:d ~n tu14 G~e insur~nc~ in Nw ~~wl ii~~dud pos~cy fam, in a sum ~pprp.ad by ~he MOR.GAGEE. ~~~d w~nd~~wrn
~nsur~nce ie ~he uw~l iea+xlard pot.cy for:n, in a wm approv~d by tM AhORiG/1GEE, in such cw~+pany a canp~n~es +s ~I~e A~ORIGAGEE may
d~rer~; and afl fir~ ar:d w:nds~orm i.~sv.u?te polic;y on ~ny oi saK! bu~~d~R~s, ~ny ~n?ar~s~ ~here,~ w parl thereal, ~he pyregae~ ~um ~fa~ss~d a
in eacess If?ereof, sMll conuin ~he uswl a~andud ~nortga~~ c~avse a wcA olher dause as IM Mal9ayes may req~u~, ma?ug t~? Io» unde~ sa~u pol~
cies, e+ch u~d evary, pay~b!e to sa~d MORTGAGEE ~s ~a imerr~t m~y ~gea~, ~nd ext~ u~d eve.y ~ucA po,.ty shaL be pon,p~ly ~u y~cd a~d delwcrrd ~o
sny held by ss~d NIORiGAGEE ~s iv~hcr s:cwi~y to sa~d owr~pa~ deb~, a~~d, no~ leu ~ha+~ :en 1101 days in ad++~Ke ol ~he eap?r.non oi each po1~q, to dF
live~ to t~:d MORIGAGtE a renewal thereol, to{~e~hK wi~h a tK~ipf Ipr the pre~n:um oi auch ~enewsl; and ~he~e sAafi tie no f~re w wirWsew~n in~~ranc~
pfaced on any of ss~d bu~ld~ngs. ~ny inte:e» tMr~in w par! thereof, unleu i~ ~he !wm a~~d w~eh ~Iw loss payabi~ as afweso~d; and i~ the srs~l c~y sum
of maKy becomes payabte u~ s..ch potiq or polKies s~id 1NORTGAGfE shail Mw ~he op+~on to rece~ve snd apy!y ~he sanx on accouro of the indebted
neu secu~ed he+eby a to pe~mit said MORTGAGORS to reteive and ute if or any pait fF~rcol Ir.~ orlhrr Nu~i~osr., v..~ho,.t th_n u~ wo~+~.r~ c~ anp,iir
infl anr puity, lien or ryht under er ~y vi~we of ~hii ma:y~9~: a~d in the ~ven~ ie;d MORTGAGORS shall for any ~eawn fail to kcep ~he sa~d premius so
i~u~r~~d, ur fai) to deliver promptly ar.y o( said pOl~ties of inwraote to fa~d MORiGAGEE. w fad prompdy Io ~y tuity any premwm nc~rrfa a in JnY
res~xct lail b paFam, d~scha.3e, e:ecu~r, e11~ct, complete, ca~nply wi?h ~~d abide b~ ~h~s crnenan~, w any pa~t Aereot, sa~d MORiGAGEE may place a~W
paY f~ such insursnc~ w~ny pa.~ the~eof without waivin~ or ~tfec~inp any opAon. lie~, equ~ty, o~ r~gM unur oi by vur,e of ~h~s Mcx~q~e, ~nd +he
f~ll a~no~nt o( eath and every such payment shatl be imroediately dut ~nd p+yable ~nd sAa:l bear inlerest }rom ~I?i dare tAcrcof unt;l paid N th~ rate o!
n~ne pe~ crntum per ennum mxl to~rthrr whh st~ch interes~ shall be sacuretl by Ihe lien of this mortgage.
1. To pe~mit, com+nit w suffcv no waste. impairmem a de?rra~et~on of sa~d property w~ny pa~t thereof.
5. To pay atl and sin~olu ~he c~,rs, cAarges and eapenses. ~ncludirg a ressonabte auwney's (ce and costs of abatrx:s ot ttete, intyr.ed psid ~t
eny tunr by said MORTGAGfE, btcavse w in the evMf of the fs~lu~e on !he parl of Ihs said MORTGAGOR to d~ly, prany~iy o~d fully perfw~r., d~uM~ge,
sxecvro, effec~, canptete, comply w~th and ab:de by each and ever•• ~he sr~Fx,lauon:, agreeme~~ts, concl~t~ons, and cove~~anta pf la~d pro~n~ssoty note and ~h~~
marg~y~ any o~ e~ther, and sa:a! costs, charycs and expenses, each and every, ahatl be imm~:d~atefy due and payable; wl~erher p not there bs nonce da
~-~end, ettrmpt to c~llect or w~t pend~„g; a~d tix full am~wnl of exh and eyery such paYmen~ ihall bea. iotcrest trom ~he da~e ~i~c:eof umil paid a~ Ihe
rot.- o~ ni~x per centu:o pe~ sn~wm; ar,3 alt sa~d costs, charges and e,~penset inturted w pa~d, logelhe~ w~~h such inttrast, stuU be secured by Ihe J~en of fh~t
mort9pe.
6. TMt (a1 in tAe event of ~ny b~e+ch ot tFi~s Mwtgsge w defaulr on ~he part o( ehe MpRTGAGOR, or (b) the eve~t any oF satd sums of money
herein reterred to br no~ p~pnptly and fully pald within th.~ty (30) days neat ef~er Ihe sanx sevcra:ly beta~m d~e and payable, wilFwut demand w notite.
or (c) in the evem eech and eve~y ~he sripufat.or.s, ag.eemenrs, cond~rions and covenanta of sa.d promiswry note and th~s mor~gaye any or e~?her ue no1
iuly, psompNy and {uliy perfwmed. dlxha~gcd. execured, effected. compiee~. cwnpi~ed w~th ~n.l ab~ded yy, then i.. e.~he. or any s:~cR ewnt the snd aQ. -
g.egate sum mentro+xd ~n sa~d promissay noee then ranaioing unpa~d, wnh i~rereit accrued, aruf a~~ moneys secw~d hercby, sha~i brcome dw ~nd piy-
ebie fwthw~fh, er thereaher, a~ ~F+e opt;on of said MORTGAGEE, as (ully and compfe~e~y as if ill of ~he said sums of r,+oney were a.ginaily tt~putated -
~o be ~~d or+ such d,:y, anyt~~ng ~n sa:d pro~r.~sswy note a in th7s Mortgage to the co.+rr~ry no~w:!hstandu.g; and therevpon w ~hereaftea ai ~he opr~on of
sa~d MORTG~.GfE, wrthoue no+~ce or demand, su~t at law w io equity, thcrei«e or thereafre~ bcgun, may be prosecuted as•if ell mor?eys ucured hereby
nad mawred p~~or ~o ~ts ~nsnevnon. •
7. That in the e~ent thaf a: the beginniny of or st sny t~me pe.+ding any su~t upon this Mwtgsge. o~ ro forecloae it, or ~o retorm it, oa-t3 enforc~
paymcm ol any cia~ms hercv~~drr, se~d MORiGAGEf sha!! apply to !he Court Mving junsd+ction thereof tw Ihe appo~ntmeM of a Receivet, sucA Cwrt sMll
fo~thwith appo~nt a r~e„~er of sa~d mortg:iged prooerty all and singuur, intt~d~ng all and singular the inc~nx, prof~ts, issues a~d ~eve~vea f~om wFuteve?
seu•c~ derived, eacA and every o1 wh~:h, bein~ expressfy unde~s~ood, is hereby morrgaged ~s if spec~ficaihr ut (orrh ~.,d desuibed in ~he g,~nring snd
habendvm cla~ses hereof, and svch Receiver shall have all the broad a.+d effective funct.o~s and powen in anyw~se entrusted by • Ca+rt to a Receiver, and
s:ch appoiotment shall be m~de by svch Cov~t as an admiu~ equ~ty and a•matter of a4solute right p said MpRTGAGEE, u+d witlwat re~erenca fo the
edryuaty or inadeqvacy of tfie val~ 01 ~he properry_me,~gaged or to the so:vency o~ msdvencY o( aa~d MOQTGAGOR p the de}enda~rs, and thal such
re~~s, p~ofi~s, in:ome, iasues and revenues shatl be appt~ed by such Recei~cr accwd~ng to ~he leen or tq~ity of s~:d~MORTGAGEE ar+d the p~ac~ice o} such
Court. - • ,
8. To duty, prompNy and (utly p~~form, d~scharge, e~cecute, e~Fect, tompterc, compty w~~A and ~bKle by each and every the st~pulations, agreements,
cond~tans and covenanrs ~n sa~d promissory note and this mortg~ge ser. fath.
9. Thar ~n ~he ev~~t tl~e owne.sh~p of the mo~tgsged prem~us, or any part thcrcof, becomes vested ;r, a penon other ttwn tha ARf`~:;,.•,GpR, th~
YORiGAG£E, i:s successws and ass~gns, msy, wi~hout rw~ic~ to tiK MOR7Gi+OA, deei .v:eh eu:i. ~~essor w su..essor ;r. ir.seresr wirh re!er~~t !o lhis
r+,ort9age and the debt hcreby secur~ in the same manner as w.th Mortgago~ witlwut in any way vit~ating p d~xharging the Mortga~ori fi~bility here-
under o? vFan the deb+ herebr sec~red. No sale ot the prem~us hereby mw~gaged and no (wbeara.xe o~ ~he pari ol the NtuRie,NGEE w its successon
or ass~g~s and no exrens~on of the hme iw the payment_ot the debt he~eby secured given by the MpRiGAGE'_ o~ i~s wccessors p sugos, sball operat~
~o releasp d~scharge, modify change a affect the org;nal Iiao~6ty of ~he MpRiGAGpR herem, either ie whole w in part,
10. N is spcc frcally ag•eed thet rime is of the eixnce of th~s contract and tF+~t no waiver of any obl:ga~~on hereur~dc~ or of the obtipation se-
c~.ed here~y shali at any rirrte thraeaher be he:d ro be a weiver of tMe terms hereof w of the instrumeM secured herby.
11_ In ~3d.Y:c-, ro the forego:~~q .nonthly payments of prirx pal anc! inrerest requ~r~ by tFx yrom~sscry no~e secured hereb~r, mortgagor tpveoants
end agrees ro pay to ~~o-fga~ee v~~th each momhty pay~ :ent an add~r:onal aum esr.~:a~ed by mo~t3egee to be eqval to 1,' 12 of thr ann~al cost of the follow-
,ng:
A-AiF r~ai prope~ty lraes le.~rd a assessed aga~sst shc aboYe descri~d real es~ate.
6- P-:n-:u•:is on }~re and w~ndssorm insuracce as here~n reqo;red to be carried o~ the im~rovements s:tuatc pn tht above de:c~~bed p.an;ses.
C-Pre~r.;u.~s o~ such Tong3ge gua~anty ir.surar,ce as morsgagee shatl from rme to t~me deem fit ro ca~ry on the loan secured hereby.
h~o~t9agee sha:: f~o-n t~~ne to ~~:ne nonfy mp.tgagcr ~n writ~ng of fhe a~.:o~~t due and payable hereundrr and s~ch s~m shatt rhereupon be due and
;.ayabfe o~ the ci,r dafe of rhe nexr month!y payment and each successive ma-+th tnereafter ur.ti; mutgagee sha8 not:fy mortgagor o( a ~hange in such
a^ ov~r. S~ch sums s! a:t !x ay~p:ied by mwsgager toward the paymem of real property ta~ea, insu~ance prem.ums, and mortgage y~aranty insuranc~
n•emit~mt_
IN \YITPiE~S WNfR=OF. the sa~d MORTGAGOR hes he~eunro xt his hand and seal the ,day and year Grst a sai
sg~ , s~,i~d ;Y~ r»e~~ of: FI~EO At~9-AECOROED -
,
ST.lUC1E COUNTIf FIA. ~ -
_ Rf;,ER F017RI~5 ~
C~ERR CI~CU~T COUR~ ~•4
~ ~ - - RECOR3 YER~fIEO n
22 I1 oa aM'T I
SiATE OF FLORIDA ~
~OUNTY OF _ SL • LL1Cle ~
2i1U4~
Brfore me perwna;ly appeared Ri~hard L-~ Dgntf~~r
Ma_rtha E Der~ny his w~f~, to me well known ano kr+own ro me to b~
rf~e ~nd~v~dwis desu~bed in and who t:ec~ted the foreyoin0 instrument, a:.d acknowtedQed before +r+e that rhey execu?ed the sams fw ths purposes
therti~ expresxd. And tF+e said-- Maltfls~ E Denny.
N~t~ oi ~he sd~d ' R1Ch rd L. L'e nv „c,o„ + uPK~t~ and p'~v~t~
e.am~nat~on by me faken separate and apart frpm her said husband, atknowledged to and befwe me that she exetuted sa~d instrumN~t.fts~F/.~ vOluel~
rar,ty cnd wntwv~ any computsion, consrrainr, apprehens.on, Fe~r of or from her said h~~band.
WITNE55 my hand and oflicia) sea! th;s__ ~ Ja af ' `~O~''~
y ^ _ _ , ` ,~~„1~ •
~ ~ -
~ ~ Notary P~blic in and for the State bf Fi~' ~1 ~ 1- '
My tomm~ssion eapires. C ' ~ "
Return to: ~~.~il~ ~ . tj~' f/ : ~
G S~
fi,at federsl Sevings 3 loan Associanon i~/ 7/ •:.:4~~•
U4 Fort P e•c.•. ~ ~ `L .
•'c_ .
Fo~t P~er_re, Ftor~d~ - • •
This Instrument Prepared By ~ohn tt1, Collins
First Federat Savings b Loan Association
oi Fort Pierc ~ FlOrida
Checked By R ~M
e00x yJ
- 1~5