HomeMy WebLinkAbout2511 ~ To plxc snd cant:auousty keep on tM bu~'d~nps ~ww w h~reaia? s~~w~~ on said la~d ind on all cqui~,~cnt snd pcryonally tove~ed by thif morlp-
y~. wit6 all prenu~m~ thr~eon prd ~n i~il, fire iosuunca ~n 1i?e utwl s~a~dard po'ity Iorm, ie a iun: ap~ao+ed by Ihe MURiGAGEE. and windstam
~~iur~nce in ths uwat sfs~ds~d pol.cy fw~n, in a sum ~pp~o~ed by tM MORIGAGEE, in wch company w tompan.es ai ti,~ MpRiGAGEE m~y
d~~et~; ~nd all fiis and w~ndsa~m insuranu polic:ts on any of s~id bvild.ngt, any interfa~ Ihe~ein or pa~~ Ihereol, in Ihe a99reyate sum alaeNid ot
in ~:tesi ~hereoi, s1+at1 confein the ususl s+a~xls~d mortgsge~ ctaus~ or such otF~ c~au~e as th~ Mwtyages msy reqv~~~. maAi+y ~hc loas unJe~ sa~d po1F
c~e~, each and everv. Wr~b'e ro sa~d ~10RIGAGEE as ~ts ~ruere~~ maY +pp~ar. ~nd eacA and e~ery sutA po~~cy sheil be p~omptly asagned a~d det~vo~ed ~o
•ny held by sa7d MO~t~,AGEF as tur~Aer uc~r:ty ro seid mw~ya8~ de~t, and, oot less ~han ~rn (101 deys 7n adw:ue af ~he e.pirauon of e~ch pot~cy, ro d~-
Gver ro u~d ~IORiGRGEE a ra~ewal tl~e~eof, rope~ha wi?h a~eceip~ !w ihe pem~um o1 such fC~1lwJI; a~~d the~e shaU tx ~0 6~e or N~~~duo~m in~ur~nc~
pl~ced on any of s~~d build~ngs, any iotcres~ there~n or par~ ~hereo(, unless ~n ~he iorm arxl w;~h the los~ payaok a~ atoresaid; ~nd in tho evem any ium
ol r,wney bccanes payabb v~.ier i~Kh pol~cy a polrcies s+~d MORTGAGfE shail haw ~he ONf~011 f0 fKr~Vb a~K! apply the s~,ne on account o) tht i~debt~d-
ness secur~d hereby a ro perm~~ sa~d MI~RTGAGORS a receiv~ and us~ it a any µart therrol tor o~n~~ H~rFO~.•s. .•.,~~w.:t ih-•.oi WJ~vnl~ or ~~~~pa~.-
in9 anY equ~ty. Gen w righ~ under or by vuwe of ~hi~ mo:tgaye; ~nd in tM we~u sa~d MORTGAGORS shati fo~ any .eason (ait to kcep rhe sa~d {uemises so
in~urrd, w iail ~o del~ver prompNy a~y of sa;d polKlea o1 in~u.arx~ ro sa~d AAORTGAGfE, or falt promptly to pay fu~:y any prr,n~um the~efor a in ~n~
respect iail ro peatam, d~scMrge, eaecute. e((ea, canpleta, comply wi~h ~od abKie by th~s cove~ant, o. any pa~? hereof, sa~d MORTGAGEE may plxe ~.wi
pey lor such inw~anc~ or ~ny parl ~hereof w~ri?ovt waivinp w affecrinp My option, lien. ~q~,?y. a rlght under w by v~rtue ol th~s Nb.~~age, and ~hc
r~ll anwuol of eacA and e~e~y s~,ch pe~mem sFwil be ~ma~ed:attly due ~nd p~yable and shall brar inte~est Irom ~he date theraof u~iil pa~d a~ tM uta of
n~ne per crr~fum per annum a~xi ~o~rih.:~ .vith s~rch inurest sFuli be secu~cd by ti~e lien of ~h~s morlgage-
1. To pe~mi~, commit or wffer no waite, impairment a deteriuation of aaid p~operty o~ ~ny part thereof.
S. To pay all and s'vgu~ar the cosb, chuges ~nd expenses, includirg a~easo~+able auaney i fce and cos~s of abstrscti of title, incw~ed o~ p~id at
eny time by s.~id MORiGAGfE, becavsr a in ~he eve~t of the failure on the pa~t o( ~he said MORTGAGOR to d~ly, pra~ipf:y and (ully perform, d~xharge.
erccu+e, e1F~ce, canpiere, canply wuh and ab:de by each and every d,e supulatrona, agrernxnts, caxltnons, and coverwnrs oI sa.d p,om;ssory note and ~his
.,,o,rqa9e any o~ eahe~, and sa;d costs, cha~ges and expensea. each ~~d every. sha11 be immedufely i ua and payab:e: whe~her a nor ~here !e no~Ke ck
mand. attcmpt to cc:~ect or svi~ pend~ng: sr~ ~he tul! arta~nt of eacfi and every such payment shall bear iner.est (ro.n 1he dare thcrcol uroil paid at ~h~
rr os n~~u per cen~U~n ~~a au,u.n; a~ at1 sa~d cosrs, charges and e:penses incwreJ w pa~d, toge~her ~v~~h such ime~es~, shall be aecured by the t~en o4 this
mort9age.
6. That (a) in the evcnt of any breach of th~s Moftgage o~ defauit on the part o( the MORTGAGOR, or (b) in ~hc ev~,f sny of ss:d sums of mone~ ~
he.e~n refNrred to be no~ pro~„utly and lul(y paid within rhirty (30) deys ne,et aFtrr the same sewna!!r beco=ne d~,e and payable, without demand or nofice, ~
or (c) in eAr event.Fach and rrery the st~puiaians, agreemems, co~ddions a~u! covena~rs ot sa•d p~om:ssay ~o~e and th~s mortgage any w e~ther are no~
ioly. prompuy an~ fu11 rfy~.,ed. d~achar ~
Y Fe 9ed. e~ecured. eifected, compteted. compLed with and ab~ded `,y. then in-e.~ner o~ any such even~ t!?~ aa~d aQ~ ~
~r~,gate w~n menr,~,~ed ~n sa:o ;:-an~sse.y nore thrn rema~nug unpa.J, vvith interes~ acuucd, and ai1 mo~.:ys secured Fureby, shatl ~come dw and pay-
~~:e torthwith, or ~herea!ter, at ~he opr~on of sa~d MORiGAGEE, as fully a~d comptet~ly as ii all of ~hc saed wms of money were wginally st~pulated ~
to be pa:d on svch da~, anythmg ~n sa d p.an~ssa~y nore a in th~s Mo~tgage to the con~ra.y no~w~~hsra~~ng; and ~here~~ or thereaiter a~ the opt~a? of
sa:d MQRTGAGlE, w~tho~t nor~ce or demand, suit at tawr o? in equity, therefore w therea{ter t,egun, ~nay be Exosec~ted as if all monays secured he~eby
nad ma~ured prwr to ~ts ini~~rurwn. ~
7, ihat i~ tF+e e~e+~t that a~ the ixgin~~rg o( or at any time pendi~g any su~t upw~ this Matgsge, a to iwectose it, or to ~e(orm it, pr to lnfort~
payment of any C~311TS ht.eu~der, sa6d h~OR1GAGEE shait apply to the Court having ~ur~sd:cuai the~eol tor tF~ ap~~otment ol a Receiver, such Cou?t shall
fcrTF.w~th appo~~t a rece~v~r af said mo~tgaged procerty ail and si~yulu, intiud~ng att and singu~a~ Ihe intome, pro~ds, isives ~nd revMUe. +rom whatever
a,u~ce derived, erch and every of wh:ch, ~t b~~rg eaµresafy understeod, is hereby mortgaged as if speoiicaily x~ fw:h and destnbed in the 9•anting and
habendum ci~~ses hereof, ar.d wch Receiver ahaH have all ~he broad an~d e~fec~ive f~nct.ons m~d powers in anyw~x entrwted by • Cou+t to a RKtivN, and
s.ch ap,winrm~.u ahslt tx made by sucA Co~.r as an admirred equ:ry and a ma~~ei of absotu~e r,ghf ~o sald MORIGAGEE, a~d w~rhou~ re(erence to Ihe
adcauacy w inadequa~y of the value of the property mwtgaged o~ ro the so~vency o~ ~nsolvency ot sa~d MURiGAGpR p the detendams, and that such
re~~s, prof~rs. ~nce~ne, ~ss~rs anci revcm,es shatl be appi~ed t+y such Rece~ver accad~~~g to the I~en a equ~ry o1 sa~d MORiGAGfE and rhe practKe of ~uclr -
Court.
i
8_ io duly, p.omprly a~d fvily oerform, d~xtia?ge, execute, eflect, cornplete, comply w~th and abide by each and eve:y the st~pulations, agreernents, ~
cor.d~tions and cavenanrs ~n sa.d prom~ssay note a+xi th;s mwsgage set foreh_
9. That in the evrnt the ownership of the mortgaged premises, w any part fhereof, becpnes vesfed in a pe~ir~n other than fhe MOR7GAGOR, the •
b:ORiGAGEE, irs s~~ccrsso.s and ass:gns. may, wiihovt notice to ~he MORTGADR, deal with s~ch successor a svccessor in interes~ wi~h re(erence to this
mo~rgage a~d rF~e deb~ hereby secured in the same manner as w~eh Nbrtgagor w+thout in any way vitiating or d~scharg~ng the Moregagori ~iabi~~t~ he~r
~ndcr or vFon rhr drbr h~•reby secvrt~d. No sate of the prem;ses hereby mortgagcd and no forbeara~ce on the pa~~ ol the 1AORTGAGEE or its a~ccessws
or assgns ar.d r.v ex~ers~on of ~he ume iw Ihe paymem of the debt hereby securcd given by the N~ORTGAGE~ or its successors or assgns, shall opeqte ~
ro rekase, d.uha~ge, mod~fy change w affed the o+girwl liab~t~ty ot the MORiGAGOR herein, either in whole er in parL ~
1
10. f: is s~eulically agreed that time is of the essence of this con~rac~ and Ihat no waiver of any obl~ga~:on hereunder w oi the obligation sc ;
n~rcd hereby shat~ a~ any ti+:K thereafter be he:d to kx a wa~rer of the terms hereof o~ of the instr~menl srcured herby. ~
I1. In atid c:e~ to the for~o ng ,nenth'.y pa~ments of princ pal and ~nrerest requ~.ed~by tbe p~om~ssory no'e xcured hereb~, mortgagor covenants
a~d agrees ro ;.ay ~o mo-t9ay-ee ~nah cach monrh~y pay~.x~t an add,~fonal wm rsr~mared by mo+tgaqee to be equai to 1 1? of t; e anra~al tost of the foliow-
ng.
A-AI~ real ~ro~rr~ taars le~,e~ or assessed agai~st the abave destribed reat estate_
B-Fec•*,~_• ::s o~ f~.~ and w[ndste•m ~nw•arce as here~n requ;red to be carr~ed on t!~e ~mproveme~ts s~tuate on the above d=scr;bed premiaes.
C-Pre~~+;u:+s on svch n-ort3sge gua~3nty ir.surar,ce az morrgagee shaN from r•mr ro time deem fi~ to cany on the loan secvred h~repy.
M.er+gagee s-o ''•c:•+ r~•~-r to r::r.e nor~f f morrgagor ~n wrrt~ng of tFre an:wm d•_e ard payable hereundrr and wch su~ shall thereupon be due and
: a~ab~e on :h~ c_~.,e aa•r of the ncat mpniF!~ payme~t and each successive month thereaft~r urn~l mortgagee shalk notify rrwrtgagw of a change in s~ch
ount_ S~ch sums nr ~::;e arpiied by morrgagee to,tiard the paymem of reai property taaes, insurance prem.ums, a~~d mortqage gvaranty insura~te
^•emiums. ~
IN Vt1~NE~S 'NM:c~~ ~ r~e y~;d MORTGAGOR hsa F~e~eu~to set his hand and seal the day and year first afwesaid.
S~gned, Seated ar.d delive~ed i~ the presence o~: ~
~ ~ ' / s ~
, ~ , ~ % L ,.._(Seaq
cs~.n
~
_ csNn
- s~,n i
S ~ RTE OF f[ORIDA ~
LouNtY OF Jt . iuC j,~ ~ ~ ~
Befae me personaily appeared !~E'~ Gosney
~ Marie e1. CiOSJ'1@y his w~Fe, to me we1J icnown and known to me to be
rhe ind;v~dvata described in and who eaec~ted the forcgoiny instrument, and xknowledged before me 1F?at they eiecuted the same fo? the purposes
rhe.e~n eapressed. And the aa~d j•~l~ .r,osney -
o~ +?x sa:a jern D. Gosney ~o~? ~ ~,~...~c~•nd ~.,a.
e¦am:nat:on by me taken srpa.ate and apnrt f~om her said husNand, xknowtedged to and belwe me that she c:ecuted s~id.iry~~l?l~jr~t't/etiy_aryd .rolun.•
ra~~iy and w~~hout any compu;sion, consrraint, appreheps~a+, a feu of or from her said husband. .
WIiNESS my hand and offiual xal th;s__ day of J~ ' . rr,
~ ~ s J~ ' ~ ? . _
4 , ~ ' - ~ -~c : -
Notar
Wic in and i th~ Su(e~~ flo~ Ial~ ~_i i
M~ Comm~ssan eapues: ~ • F•• _ - :
' Retvm TO ~ ` ~
,i `:1 , ~ ~
f~rsf Feder~l Savings b lo~n AssoNat~oo • • 1pA A~~'9i~tGk •
NIl `.R4~~1:.'.:'.iFi ~Xr : ~ o~ t:~.~t. l5~%~~....•
U~ Fcrt a ~ ~cr ~
to.~ Pw•ce. F;c,~d~ rif!~lERPS Iti..L~:APt.~ ~t:CiERWRITER$,,~N~t`~'~'
3 '~'7s
212~~c~~~11E01?ND RECORt~EO
t.IUC~E ~a~xtY lA.
This Instrument Prepared~ By J. D. Ch~st8~r1 IIOCEA rO~SaAE
F+rst Federa{ 5avings b loan Association CIERi~ CINCUIt CO~IRT
of Fort Pierce s~lorida RECORO YER~f1E0.~~
~Checked By ~ 9 ' O9 ~
~ ;
,
~ a~;~ 1~J3 25~ I i~ ~