HomeMy WebLinkAbout2842 J. To p!ace snd co~e~nua,sly kaep cw ~he b.,~:d~~~gs ~o.v cw h~re~fitr wtwN u~ sa~d ~and and o~ cqu~p+~ent ar.d pe.sonally covcrcd by thii ma~
sg~, w~~h all prrmwms ~h.reon pa.d m i~ll, I~re ini~rar.ce m u~e uswl su~d~rd poi~cy fa~n, in a s~m aNt.uo~ed b~ ~?+r +~\ORi'vAGCE, and w~ndato~m
~nw~ance in ths uwal st+nd.?+d pol.cy fw~r~, in a sum appwvad by rht 1NORTGAGEE. in such canpa~+v or canpan,e~ as the ASORTGAGEE m~y
d~rec~; and all t~ro and v.:Mlseorm insurance poiK~es a+ any of w~d b~.dd.nys, any i~ttresl ~here~n or part thrrrof, in the a99reyar~ sum •foresaid w
in t:e~+f 1Aereof, stwll :uoiain the uscrt s~a:~dard moregage+ c~~use w suth o~1+er c'+us~ +s d+e Mo+~9+8~ ^~~Y ~equ•r~, msling ~ha ioss undr sa~d pol'r
c~es, each ~od every, patiab!e to i~~d A~uRiGAGEE as ~~s in~e~~~~ ~y ~ppca~. +~~d each and every such pot.cy shail !x prc+n~ptly •isg~id a~d det~ve~ed ~o
•ny held by sa~d MORI:;AGtE as furrhv srtu~ity lo sa~d n:ort9eg~ dtbi, and, no~ ~eu tMe ten ti01 days in ad.a~~ce of thr eapneGoo ol each pol~cy, ~o d~-
Gver to said MORiGAGEE a re~uvvsl iixrcoi, ts7etbe~ with a rece~pt tor the p~r++~vm o( such ~rncwa!; +~d ~hrre shaii t~e no i.re or w~~~ds~am insur~nct
placed on any ol wid bv:IJ~~~gs. any intrrest ~here~n
a psrt fhereof, unless ir the fo~m and w~th the loss payabie as atoresaid; a~+d in the event anr swn
of nwney bccomes pay.+ble ~~~de~ wch polECy « polKas sa~d MORiGAGEE shall have opT.w+ to recr~ve ~nd ap~1y the sa~~~e on accoum o~ the indebted~
ness feCUrld l+prtby M lo permif said MORTGA~iORS t0 ~K~iv! i~ +ts i1 P~ any p.~rt thrrc0~ for o:n~r pc.•! ~iri. v.,~h:.~.t ~h~,ao~ w.t~y~ Jr ueipuu-
;ng any equ,ry, I;en w r~gM u~ler or by vi~tve of th~s rwr.ga~e; a~d m the ~vent sa:d MORi;aAGORS shaH !or any reason fai) ro kcep tAe said p?em~srs w
insured. o~ (ail fo deliver pranpdy a~y of sa~d pol~cies of in~~r~nce to sa~d MORiGAGEE, w faii promptly +o psy fu~ty-any pre~~~~~~~~ th.-efor or in a~y
~espect fait ro prfe•~r~, d~sch~rge, exxu~e, efied, compl~te, canpty w~~h and ab~de by th~a covenan~, w any p..+~ hrrco(. sa~d M~iRTGAGEE may place a~~o
paY (or such insurenc~ o~ ~ny part IAereo) without waivin~ or af(ectin~ ~ny option. lien. equ;ty. a r~9hr u~de~ or by v~~eu~ of th;s Matgags, and tht
tull a,nount of each a++d e.e~y such payme~i ahall be inunediately dw and paYabte and shall Dea~ inr.ves~ from tha date thercoi uneil paid at the raq ol
n~ne par centum ~ annun~ mxf ~o~rther ~n~rh s~,ch inxrest sha1+ be secured by the I~en of tlus mortgaga.
To permi~, commit w Suf~N IW Nd11l. ~+p+~rment a drtcrarstion of said property o~ u~y paM thereof.
S_ Tc p+y all s~+d sing~far the costs, cha~gcs and expenses, Includ~ny a reasonable st~a~+ey's Iee a.~d cos~s of abstrads oi t~tfe, ~ncurred a pa~d at
any time b~ said AWRiGAGfE, becausr or in the evenl of ~ne (ailure on the part of ~M said MORTGAvOR ro du~y, pro~nptly ~nd f~tlv pwlorm, d.u}:arge,
~¦ecufe, e1(ea, canpOcte, comp:y w.ih and ab de by each and eve~y ~he sripuls~rons, agreeme~rs, cond~t~ons, and co.e~~ann o~ se~d pra~n~ssory note a~ th~s
.~~orrqage any w e~~her, and sa.d cosn, cha~ges and expenses, exh and evcry, sMll be immed~atety due and payab:r: whe~her o< <,ot ehere be not~ce do-
r,~and, a~~empt to col!ect or s~~t pe„d~ng; and the Evll a~.w~rm of each and every svch paymem shall bca. ~nreres~ Irom ~he date thrreof untit paid at tne
r,tTf o~ nine per ~znsu~n Fxr ennvrn; an~' a~l said casts, charges and expr~ses incurred a pa~d, togathcr w~th s~ch inter.:s4 shall be secvred by the lie~ of thii
1,
mortysge.
6. That (a) in t!K eveN of any breach of this Allortgage or defaulr on the part of the MORTGAGOR, or ;b) in the event any of sa'.d sums of money
herein refe~red to be not pranprly ar.d f~lly pa~d w~fhin thvty [30) days nea~ afeer ~he same xve.a:ly becane due and payable, wi~hovt demand or notice.
or (c) in the evenr each and eve+y fhe st~pvta~~ons, agreemenrs. cond~rwns and covenann of sa.d pramsso~y notr and ~ha nw~~gage aoy o~ either are nof
iut,~, prompNy anei tuUy perfw~nrd, d•uharged, e~ecu~ed. effeued, comp~ered, compS~ed w~ih and ab~ded 5y, then in edhrr or any such event the sa~d a~•
gregate aum mentwned in sa~d pronusaory no?e thtn ranaining unpa~d, with interest accrucd. and atl moaeys sec~red hereby, shall betwr~e due and pay~
ab~e fwthw~th, w thrrea~ter, ~t the opt;a+ of sa~d MORiGAGEE, as fully and compleeely as il all of rhe sa~d sums of money were o~ginally st;puiated
ro be ~.d on such da~, a,>>~h~ng in ia.d prom~ssory note or in this Matgage to ~he con~~ary notwl~hstand~ng: aod thrrevpon w tnrrralrr a~ the opt~on of
sa:d MORTGAGEE, v.~thout noncr or demand, su~t at law w in eq~~ty, there(ore or lhereatier begun, may be prosec~ted as ~f all mo~eys secured hereby
n~d matored pr~w ~o ns irubtut.un_ _
7. That in the eve~t t63t at the beginning of a• st sny time pending any su~t upon ~his Mwtgage, o~ to fo~eclox it, or to refwm il, or to enfores
payment of a~y cirims he+eunder, sa~d MOkTGAGEE shall apply ro the Court having lu~~sd.thax~ thereof (of the appo+ntme~~ o( a Rece~ver, such_ Court shall
f~~rhwith apHw~nt a receiver of said ma~gagcd procerty atl and singut~r, incl•x!•og all and s~ngv~ar the :nconie. p+o~as, ~ss~es and revenues fram wt+atever
s.~~.ce de.:ved, erch and every of wh~ch, n be~ng e~press~y unifers~ood. is hereby morigaged as if speofical:y sN iwth and descnbed in ~he 9rantiny a~d
h~~endum da~ses hereof, a~d wch Rece~ver shall have all the broad and eHecrne funcs•ons and powe~s in anyw~se entrusted by a Court to a Receiver, and
s:;h appointmem ah.+~~ be made by s~,ch Court as an admit~cd equity and a matter of absoluie r~ght to se~d MORTGAGEE, and w~thout rcftre~ce to the
adequaty or inadequac/ of the vatuc of the properry mortgaged or to tFe so:venty or insoivency o) sa+d MORiGAGOR a the defr~dants, and ~hat svch
re~rs, proiits, incwne. ~asves a~id revrnues shal! br app::r~ by sucfi Receiver ac,ord+»g to the lien w eqwty of ss~d MORTGAGEE and ~he p~x~ice of such
Co~rt.
8. To duty, promptSy and fully perform, discharge, execute, e(fect, co~nplete, comp!y w~th ~nd abide by each and every the stipulations, sgreements,
cond~tions a~d covenarrts in sa~d prom+ssory note a~d th;a mwtgage set forth.
9. Ihat in ~he e.e»t the owoenh~p of the mor:gaged premises, or any part thereof, becomes vested in a person other than the MORTGAGOR, the
M.ORTGAGiE, ir~,_successurs and as:~gns, may, w~thout no~ice to the MORTGAOR, deal with such svcceuw w wccessor in lnteres~ with reference to this
rror~gage and ~h8 debt hereby secvred in the same manner as wnh ~dorrgago. w~tho~t in ai+y way vit~a~ing a d:s<harging the Morsgagas' liability herr
:,•~der w upon the drot hereby s~c~red. No sale of the premises hereby mortgaged and no lorbearance o~ the parl of the MORTGAGEE or its Successors
o~ as:~g~s a~d no earen::on o1 rhe t~me fw the payment of the debt he•eby secu~ed given by the MORiGAGE: o. its successors or au~gns, ahall operate
ro re!ease, d~xharge, mod~fY cha~ge or alfect ~he org~nal Iiab~Idy of ihe JN(3RTGAGOR herein, either in whole o~ i~ pa~t.
10. It is spec=f~caliy ag•eed thar time :s of the esx~ce of this contract and that no waivn ot any ob;Eganon hereunder or of the obligation se-
cured hereby shel~ at any time rtkreatter be he:d to be a waiver of the terms hereol or of tFK instrumero sec~red herby_
11. In a;id ~ o^ +he foreae ng r^onth!y paymeMS of p: ~nc pa: and ~±~rr~est ~equ~red by the prom ssc.y no~e secvrad here6~, mortgaqor ewtf`nts
:~~d agreez ro .~ay ~O %'~J~1(J3a~ee v~:rh each rr:onth`y pa~~„en! an add~~ional wm rst n:a~ed b~ mo~tgagee to tx equal to 1 12 of the ann~al cost of the foltow-
i n.3: .
A-All rea~ ~;roperry !ax-s le•.~ed or assessed agai~,s+ ihc above desu~bed real estare. ~
6-Fr.~~- ~u ;~s o~ f~r~• ard w~ndsro ~n ~nsura~-ce as here~n requ:red to be ta~ned on the improveme~n s;tvate on tfi~ above desc:~bed premises.
C-Fremi~ms o~ s,;ch mortqage guaranty irswar.ce as mo~tgagee ahail from. e;me to ti~ne deem }it to trrry on the ban xcured hereby.
Mortyagee '-c:n ~.~-.e ro t, ne nonfy moregagcr ~n writ~ng of the a*rou~t due aRd payab:e hereundrr and such surn sh3l1 +tie~a~pcn be due and
` ;.yab:e o.~ the due cta~r of ~fie ne.t month~y payme,~t and each successive month thereaiier ur.ti~ mcrtgagee shall not;fy morrgagw of a change in such
:~.ouar. Such su~ns s'+ ~ i;e a;.p:~ed by maTgagre toward the payment of real property taaes, insvrancr p~em.ums, a~d mortgage g~aranry insurance
:~•erniums. '
fN ~11TNE~` :'+HE~:JF ~.~e sa~d MORTGAGOR has here~nto set his hand and seal the day and ear first aforesa~d. _ ~
- S~ : 5 a! nd.-a21iv' in tt~e presence of: ~ ~
~ ~ ~ ~a~ ~
~ _
~ ~ ~ _(Sea4 i
_ cs~n }
- - - .
SesQ
SiATE Of FtORIDA ~
St. Lucie ~ -
c~uurr oF -
BeTore me penonally ap~eared Jnaes A. D~XSOI1 ~.1Z •
J~~IiC~ L. Dixaon his wife,- to me well known and known to me to be
rhe ind~v~dua~s descr~bed in and who eaecuted the toregoi insvument, and scknowtedged befwe me that they execured tne same iw tly pwposes .
rherein cxp~essed. Md the sa~d.- Ji~e L~ Dixson •
Ja~es A. DixsQ1, Jr. " caf sncl.p.nrat.
+.-:~e of tF.r sa~d ~ NPa^ A,
e.am~nat:o~ br me taicn separa!e and apart f~a„ Fier said husband, ~cknowledged to and before me th~t she executed said~jnaiSunl~+i1 ft~el~ and Y~+~'
ra•~iy and w~thout any comp~lswn, constra~r.t, apprehens:on, w ftar of or frxn her said husband. - , •
t ~ ~ 2 J
WlTNESS my hand ar.d officia~ xal th:s__ day of_; ~ A~- I~f~:.ii-
~ • r ~ •
. Notary.Public in ~nd ( th/ Stst~pf,lpriaa if '
My Comm~seion expires:
aes~m io: • DA AT ~ , '
'OTARY ; UItUC CT."Tf ^e ARI ' ~
First fcdc+~l Sav~ngs 8 loa~ Asux~at,on 'MY C!}".t~!!~S!C:~ EXiMf~=°, !'r~'t 1~+~ •
pf .o.r P t_ ~a~ _ GEf11ERAL INSURAHCE UPlDERWRITER$~ ~I~,'
Fert V:erce f:crrd~ ~ ~ Z ',S
2122f~~
~ fllf0 A110 A[CQ_R~E•
P Y Richard K. Ka es ~T• 111C1[ COUNri LA, ;
Th~s Ir.strument Pre ared B y AOCER PpItRAf :
First Federal Sav~ngs b l~an ~loTitda RECORp y~Kj
jEp C~~ ~
' ot Fort Pierce~ w~.... ~
Checked By - - - . ~ 13 3 s~ 'Tf ~
/u
- a~«193 z~ :