HomeMy WebLinkAbout1373 J. To p: xt ~nd cont~~w~,sly keep on rh~ bu~:d~nsi ~+ow a l+e~eaft~~ ~it~ate on said ~~nd ~nd cn ati cquip:nenf and pe~sona~~y covered by thia mw~~-
~g~, r,,;rh ~11 prem,ums ehrreon pa:d ~n fuil, fire ~nw~a~ce ~e ~he u~wl ir+nda~d pol;cy form, in • sum apwc+ved by tM MOR~'vAGEE, a~~d windsrwm
insuranc~ i~ ~ha ~sual •~ancl~.d pol.cy +a•n. in ~ sum ap~wo.ed by ths ~~ORTGAGEir i~ such ca~~pany c~ canpanies as tha ASORiGAGEE ~+ay
duect; and all firt arr! w~~tla~orm insurance pol:c:ea on ~ny o( ssd bu~Id~~t, any inte~es~ tF?erein or ~..?rt thrreof, io the aggrrqate ~um afaesaid w
in s:c~tt d~a~~eof, s?wi~ :unraen the usual s~andmd mor~gage+ ciause w such athN cisus~ as tM Mwt9agee mey requ:re, ma?ing tne :oss urxla sa~d pa~
c~cs. eech and eve.Y. par~~!e to sa~d A~JRfGAGEE as ~rs inrerest may appear, a~d cacA and e.erv iucA po~~cy sF~eil tx p~ompuy assgnrd a~~d deG~ered ~o
~ny hsld by ss~d 1JlORfGAGEE ss (ar~her srcwity to said ma~yage debt, a~~d, no~ leu than ten (101 da~s in ad~ance o~ the exp~.at~on oi each pol~q, to da
Grer to sa~d AtuRTGAGEE a rc.k.vat thercof, ~ope~ha with a rcce~pt (w the prrmwm of such ~enew~..t; a~xf ~hr~e sha11 be no i~re w vru~dsto~:n inw+~~ce
p~xed oe~ any of said b.,ii~~ngs, any ;~~rerest the~e.n or part rhercot, unless in ~he form and w~th the loss payabte as afo~esa~d; and in rhe eveM any sum
of money becon~es payab~e vnd~ such policy or polrcies said MORTGAGEE shall have the opt~on to recrire and apy~y the seme on accoun~ o( the indebted-
neu sKUred he~pby M to pern~~t said MOQiGAGl7RS fo rKt~v! ar~d us0 if p sny pa~t 1Lr~eof tor os~~cr p~~f,oscs, v..~lw•~t Ih;..ut warv~.~~ a~ unpam
in~ any equ~ty, I~en w rgh~ under a by v~rtus of this mo:!gage; ar+d in the evenf w~d MORiGAGORS shali fw any ~c.+son fail ~o keep ~he sa~d premisrs w
~nsured, or ta~l ro deG~e~ panµfly any of sa~d pel~c:_s of in~u~ance to satd MORTGAGEE, or fad prontp~ly to pay f~tty any p~r~~~~um tf~errfw w in a~y
respect faii ?o pe~(wm, d~scho•~e, rxecute, eHect, canplera, co:npty wit4 ar+d ab~de by th~s covrnjnt, w any par~ hrreof, aa~d MARTGAGEE may plate and
pay tot such ~naurance or any part ~1~rreof witheut waivi~~ ot a((ec?ing any optian, li~n, equ~ty, a right unde+ w by virtue of ?his Ma~gat,~e, and tht
tull a~iw~nt of ee:h and r.e+y svch paymrro shaU be irruned~arely due artd payable a~xi thalt brsr irorr:st irom ~ha date ~hcreo) unril pa~d at tM rate o!
n~ne per cenrum }xr ann~m ~~xi W~rth~•r v~ith wth interes~ shail tx sacured by the lien of this mortgsge.
1. To permit, commit w suf(er no waste, impairnxnt or dr:er~oratan of sa~d property or any parl thercof.
S_ fo pay all and singu~ar the cos~s, charges and ea~xnses, ~nclud~n9 a~easonable a?to~ney's fee and costs of abstroc~s of Ii~}e, incurred w paid st
any time by sa~d MOitfGAG:E, becavse w in ~he evtnt oi tAe (aiiure un the part of ~he se~d MORiGAGOR tu duty, pro~npNy and fu~ly Frrfoim, d~uha~ge.
exrc~te, effeu, canp;ere, co~nply w~tA a~~d ab de by exh and eve~y the st~pulana~s, agr~_ments, condmons, a~+d cove:~a~~ra o~ sa~d pro~r,~ssoty note and ~hii
.norrgage any o~ e~~her, a~~d s.+.d cosrs, chargrs and eipensrs, each a~d every, shall be :.mnrd~atety due and payab:e; v~he~~er w not thz~e be nonce da
rt,and, anrmpt to coi~Kt o~ su]t pe~,d~ng: and the f~Sl a~nount of each and e~ery svch paynxot sFwU bea. e%ur~es~ hom the daee thercof vnril pa~d at Ihe
~~~~~r per crnw~n ~.~r a~~n,;~n; en~ d? Sd1d cosrs, charges and e~e~~ses incurred w paid, toge~her wah svch mteres:, shaN be secured by the i~cn of Ihis
mo:lgaga.
6. Tha~ (a) in ~ha evc~~ of any breach uI this Matgage w default on ~FK wrt of the YORTG~IGOR, or (b) i~' ~he evcnt sny of sa:d sums of money -
!~rre~n retrnr.~ to br oot proe,pvfy and fu:iy pa~d w~rhin th,.ty t30? days ne¦t a:rrr the same seve.a~tY becane d:.e and payable, wnhout demand o~ notice,
or ~c) in rhe evem nach and every the stip~;ar~ons, ag~eemeMS, co.xirt~au and covenants ot sa.d p~omisw~y note and th~s m:~rrgage any a e~tAer are nol
iviy, promptly an~ fu:ly pt~fOrnitd, d sCh~r9cd, ttecuted. llfeded. completed, COmp!ied w~th and ab~ded by, !I+en in e~thrr o~ any w~h event the aa~d ag
g~egatz s~m menra:~~-d in sa~d F+an~sso.y note then remaining vnpa~d, with imerest accr~ed, arx! s~I moneys secu~ed hereby, sFwll become due and psy-
ab~e fo~thwith, a thereafter, af the opr~on of se~d MORiGAGEE, as futly and completely as il a!1 of th~ sa~d sun~s oi money were orginally st~pulated
~o be pa~d en such d..y, any~hing in aa.d prom~asory oote or in this Mortgage ~o ~he ca~vary no~w~~hst~?d~~.y; a~.d ~hr~ev~wn a ~hereaite~ at Ihe opt~on of
s~.d MORTGAGEE, w~r~~out nor~ce ~ denwnd, soit at law a in eqwty, therefore w therralter begun, may be p~oxcvted as if all moneys aecured hereby
nad mawred p~wr to ~ts nsnf~t~on. " . '
7. Tha~ in the e,rent rhae ar the begi~n~~g oi w ~t any fime pend~rg any suit upon fhis Mdrgage, a to loreclose it, or to reform if, or fo enfores
pay~mem of any cie:~ns hr.eonder, u~d htORTGAGEE shall appty w the Cou.t having ~ur~nC ct~on thereof fw tF~e appointmem of ~ Rece+ver, such Cou~t shall
to~rhwith appo~nt a recr~.er ol ss~d mo~tgaged prooerty all and singu~ar, inct~d~ng all a+~d si~.gular the income, p~oLn, issues and rrven~es lrom whaterer
sour~e de~i.ed. each and erery of wh:ch, ~r ?x~ng eapressty u~ders~ood, ia F.ereby morrgagrd as ~f speu(~calty sN fwth and dewibed in the gram~ng a~+d
habendvm c;avsrs hcreoS, and s~ch Rece~YCr shali Fwve aJl ~he broad and eflect;ve funcf,o~~s ar~d powers in anyw~se e~trusted by a Courl to a Rxeiver, and
s. ch appoinfinent shau ne ma~le by svch Co~r~ as a.e admnred equ~ty and a mane+ of absolut~ nght to sa~d MORiGAGEE, ~nd without reference ro the
aJeyvacy or inadequscy of the vaiue of ~he p~operty mwrgaged or to the w.vr.xy or msolvency of said MORtGAGOR a the defendi~ts, a~d that such ~
re•,rs, profits, irKO~nr, issuts and reYenues shali be appiied by suth Rece~ver accord~~~g to the lien or equity ot taid MORTGAGEE !nd Ihe praCtit~ of such
Court.
8. To du1y, promptfy and (uliy perform, d~xharge, eaetute, eftect, complete, co+npty w~tA snd ab:de by each and every the stip~Iations, agreemenls,
conditions anc3 cevenams m sa~d pra~nlsswy note and ~h~s mortgage set fwth.
9. That in the evcnt the ow~ersh~p of the matgaged premixs, or a~y part thcreof, becomes vested in a person other than the MOR7GAGOR, ths
MORTGAGEE, its successors and ass~g~s, may, wi~hout nofi:e to the MORTGAOR, dral with such successor or succecsor in inreres~ with reference to this
r~o~tgage and the drbt hereby secv+ed in Ihe same manner as w~th Mortgago~ witho~t in any way vit~ating or d~scharging the Mortgago~i liabilify here-
u~de~ w upon the debr he~eby sec:r~d. No sale of rhe prem~ses hereby mwtgaged and no forbeaiance on the par! of the MORiGAGEE o~ its successo?s
e+ assg~s and no eare~s:on of the t~rr~ For the payment of the debt hereby setured given by the MORTGAGE~ or its s~ccessors w au~gns, shall operat~
to rNa~x, dacharge, rtwd~fy change w affett the orig~nal Iiac:Lty oi the MORTGAGOR herein, either in whok or in pa~f_
--i~=-ir-ia spec~f~ca~iy agreed that time is of tFu esxnce of tK~s cor»?a~t arid i6at
no
waTvea
oT any o61;gar~on hereundei or oi-the bbi"~gifion ~
cured hereby shall at any time thtreafter bc held to be a wa:ve~ of the terms hereof or of the instrumenf secured herby_
i l. In add f:oa ~o r!~r iore~o nn monrh!y payments of pr~nc pa~ and inre.esr requ~red by the prom~swry no!e secured hereby, mo:tgagor covenants
a.,d agrres io pay ro ~*:o-fgagee v.~rh each ~,~onTh;y pay.nent an add~rivnal sum est~Tated by mwrgagee to be equai ro 1; 12 of the annva! cost of the follow-
,r.3:
A-All real ~rcpe~ry ta¦es le•.~ed w assessed agr~asr thc above desai5ed ~eal esfate.
B-Pr_~~~u~~:s oa !ve and windstocm insuracte as herzio requ:red to be tar~ied on the improveme~h sitwte on the t~ove destribed premises.
C-Pre^~~v:~~s o~ s~ch mr.t~,~ge g~aranty ir.sura.:ce as mortgagee shall from r~me ro t6ne drrm fit to carry on the ban secured hereby_
` Alorrgaoec sti~ j•c~r, f~:-~e te ti-ne no~~fy morsyagnr ~n wr~t:~g of t}K amo„~t due and payable hereunder and svch sum shall the.eupon be due and
~ ~.ab~e on thr d~e c~~~ oi the ne,t month:y paymenra^d each successive momn rhereaitcr ur.tit mortgagee shal~ not~fy mo•r~agor of a change in such
' ount. Suth s~:~s s~; ^e a, F~:~ed by mortgagee tcrvard the payment of reai property taaes, insura:xr prem.ums, m~d mwlgage g~wranty insurance
r ~e~-+iums.
iN WITNE~S L•rN~R~Of. the sa~d MORTGAGOR has herevnto set hia Aar.d and seat thr day a ear first a(wesa~d.
S~gned, Sea! and de~i in th~ presence of:
~
~ / ~
.n
~ .~~.s..,.~,. ~•o
• ~ ~s~n
` - - - ~Seaq
STATE OF FtORIDA
St . Luc ie u-
COUYTY OF 1
s~s«~ ~.~1i,, ~~a.~d Jordan L. Jenkins
~aT1D Jenkins his wi?e, to me well known and k.avim to mt to be
rt.e indiv~duals descr.bed in ar.d who executed the foregoing inslrument, and acknowl.dged before me that tF~ey e:ecuted ti~e same for the purFwses
~h~rei~ expressed. And the ,a:a_ _ Diann Jenkins -
~e of ?rK ~a~a _ _ _ Jordan L. Jenkins „F,a, , KP,..1e „~a P.~,,.?.
e.am nat~on by me taRen :epar~re and apart {rom her said husba~, xkraw:edged ~o and before me that ahe executed said instrument freely and volun-
~a-ry ar.d w~thout my ca-npu:s~on, cons!r~=nt, apprehens.on, q~tx of or irom her said husband.
u~
WITNESS my hand and o~fic~at. xai this_ __a'y day of J~e A. D. 19 71
/
Notary Rv in and 1w the ate of Florid~ ~t luye
Rerv~n To: My Com san expires: ` / 9~~
i ~
fint Federal Savin9s 3 loan Aasocia~:on Yu.~ix, Sli1! 0~ ff0(~~i i1 Vf9t ~
o~ F~.r P~~-~.~. AAY Comr.~ission Exp~s Ary. 6, 1971 `
fort P~.•.ce. F!cr.~i . 6o~wd b A«/q~ E~Ra ~dt ~1
~ ftlEO ~M4 RECJRDEC` ~
„v , ~ - ST LUCIE COUN~T FU '
' ' ' ' ROCEii POiTRAS ~
This Instrument Pre ared B COl~fi19• ' CIERI( G~~CUIT COURT
p r J~hn ti:.
First ~ederal Savings b Loan Association RECORO YEA~F~EO~~
of Fort Pierce ~ Florida ~ -
Checkea By : ~ ,f 15 PN :
;
~ ~_112~~~ .
~y3 137i 1,:3 #
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