HomeMy WebLinkAbout1139 TO plxt ?nd tontinuous~y keep on ~he bui'dmgf now o~ he~ealter situatt on sa~d land and on all cq~~p~Tent ar:d ~xrso~a~Iy co~cred b~ thi~ mottg
p~. wilh al) premiumf Ihercon pa~d in lull, tne inwrance ~n ~he uwaf sraixlaid ~w~~cY fo~m. in a wm aFproved by thr MURt;~A.GEE. a•~d w~ndstu~m
insur~nte in ths wwl standard poLcy lam, in + sum a~•pro.rd by ~he MORiGAGEE, in such canpsny o~ compan~es as the MORiG.~GEE may
dnetl; ~nd all lire ~r+d windstorm iniuranc~ poliues on any o1 sa~d bu~id~r.ys, any in~e~~s~ the~ci~. or part thcrro(. in the agqr,ge~e svm alo~esaid o~
I~ •xttss thereol, ~hall co~uin ~h~ u~wl z~a~~dard matgagse c~au~o or wch other clause es Ihe Mo~~gayee may req~~re, makinfl ttw loss v~.Je~ fa~d Noli-
cisf, eath ~r+d ~ve~y, payabte ro a~id MORTGAGEE as ~ti in~e~e~1 mey sppear, and each a~id every such po~~cy ahell tx promptiy ess gnrJ a~~d deGv.rrd ~o
?ny held by f~id MORlGAGEE +s further security ~o said ~~atyage debt, and, not leas thsn ten (10l deis in ad~o„ce o1 the e¦puat~on ol cach policy, ~o da
tivN ro iaid MORTGAGEE a renewal Ihereof, lo9ether witA a receipt fo? ~he prem~um ot svch renexa~; a~~d ~hrre s?wll be ~a f,re o+ N~~~dsta~~n ins~~ance
plated on ~ny oi s~id buildinqs, any iNeresl therein d part thereo(, v~~es~ in ~he form and w~th Ihe Ioas payobfe as aioresaid; a~d in the e~enl any sum
of money betomes pay+ble under such policy w pol~ties faid MORTGAGEE shaU have ~he opt~on lo rece~ve ~•~}d apyly ~he sa~ne on ac:oa~~~ of the indebtvd-
ness iecu~~d Mreby a 1o permit said MORTGAGORS fo reteivs ~nd usa it a any pa~f iher•wf lor oth~ r F.u~~:n~•s. .~~~t~,~t ~h~~~u~ w~~.~ c+ ~~~~Pw.-
iny ~ny p~ity, li~n or riyhl unde? or by virlw of this mo:!gaye; ~~d in the event ~a~d MOR7GAGORS shall fw any reaso~ fail to keep the se~d premisrs so
~MUrcd. w fail fo delive~ promptly any of said pol~cies of insura~xe to ss~d MORiGAGEE. w fo~! p-on,Nily to pay fu:1y a~y p~c~~,~~~n thc~elw or in an~
resped bil ro perfam, d~sch~rge, exetute, effod, complete, comply wi~h snd abide by th~~ covenam, w any p.+~t harrol, s•~~d MliR1G.~GEE msy pi~ce a~~d
pay fo~ tuth insur~ncf w~ny parf ihereof wnhout waivin~ w aHeding aey op~~on, lien, cqu~ty. or riyM under w b1 vvtw ot this Mo~tgsge, and thc ,
lull amount o( each and ewry wch payment iMll be immcdiately due and payable and shall bear intrrest lrom the date tFxreof un~d pa~d at ~he rate of ;
n~ne per ce~ium pet annum and togrthe. with such interest fhatf lx secured by the I~en ol th~f morrgage.
1. To p~rmif, commit w su((er no wa~te, impairment o~ deteraration o1 sa~d p~operty or •ny part thcrcof.
S. 1o pay aU ~ed sinyu~a ~he coits, charqe~ and ex~xnua. ~ncludu~g a reasonable anw~ey's (ee a~~d cos~s of abs~~ras of n~Ee, i~curred or pa~d at
e~.~ iin,e try i.~.i 7iw'3ATGAGfE. ba~~vw w in tho r11n! cf 14~,: !a:+.ua c-: !h= ~=•s eE ihe taid MORfGAGOR to d~ty. p~a~~p~~y and fu;ly p~rform. d~fcharge
exccute, ef(ect, complete, tomply w~1h and ab:de by each and evcry the stipv~anons, sgrre~nents, co~~d~~~a~s, and cove~~anrs of sa~d pro•~~s~ory note a~u! thls
mar9a9e any w either, and sa~d cosri, chargcs ~nd expenses, esch and every, chail be imrn~d~ate~y d~e and payabtr; whvther w no~ ~hr.e be ~o~~ce d4
ma~, a»empt to collect w suil p~nd~ng; and the tull amoun~ of each and eve~y such paymen~ aha11 bea. irrcres~ from ihe dere therrof until pa~d al the
r,re of ~~ne Fx~ centum per annurn; and all sa~d cost~, char9es a~d exFx-nses ~ncurred w paid, roye~l~er w~th svch ~nterest, shail F,e securrd by ~he I~en ol ~h~~
mor~pa~e.
e. That (a) in the evenf oi a~y Weach of this Morrgage or default on t{~a part of fhe AtORTG%1GOR. o~ ;b) ~n the evcnt any o! sa d sums of money
hcrein retcrred ro be not promptly and fully paid wi~hin th~rty i30) days nca~ a~t•.r thc sanu severo'~y beco•„e due and payeble, wi~lwut de:nand or not~te,
oi (c) in the event each and every the stipulanons, agreements, cond~fian and covenan» of sa.d pom,sw~y nore and th.s nw~tgaye any or r~~?.er ere nm
iuly, prompfly ~nd fuily perfamed, d~xharged, exec~ted, elfeued, comp~e~ed, compt~ed w~rh and ab:ded 5y, ~hen in e.~her a any ~uch evem the sa:d a¢
gregate sum memionec! in said promissoty note theo rc~~~ainin9 unpa~d, with ~~rereit accrued, a~d ~i~ nroncys setu~ed hereby, shatl become d~e and pay-
nb~e forfh.vith, o~ thereafter, at the optio~ of said MORiGAGEE, as futly and completc!y as ii atl ol d~e s~:d s~ms of money werc o~~g~neHy s~~pute~ed
to be p+~~d o~ such day, anything in sa:d prom~sso~y note or in this Mwtgage to Ihe contrary notwithstand~~~g; a~~d thcrcuj:on o~ thercaher at the opuon of
sa,d MORTGAGEE, w~thout notice w demand, swt a1 law a in equity, therefore or thereaf~er beg~n, may be prosec~trd as ii atl moneys aecured he~eby
nad matured pr~or ~o ~ts insiitution.
7. TMt in the eve~t that at the beginning of or at any lime pendirg any su~t upon th~s Mor~gage, o~ to fweclos~ it, or to re~orm i?, or to en(o+ca
payment ol any claims hereunder, said MORTGAGEE shall spply to Ihe Court having ~w~sd.ction thereot (w tM appomtmenl of a Receivet, avch Cov~t she~l
Forthwith ~ppoim a receiver of said mortgaged prooe~ty all end tingutar, inclvd.ng a11 and s~nyu~ar ~he ir.cOrrie, prohts, iss~¢s and revenues fiom v~h~,te+er
se~.r~e de~ived, each and every of wh~ch, it beirq expressly unden~ood. ~e hereby mongaqcd as if spec~licaity set fo~rh and desu~b.:d in the g~ant~n~ a~d
habendum cla~ses hereof, snd such Receiver shall have all the broad and effecnve funct.o~~s and pome.~ in anyx~se entrus~rd b~ a C~v~r to a Rec~i.er, and
s.ch sppointment shall be made by such Court as an admined eq~ity and a matter of absotute r~gM to said MORTG<1GEE, and w+~ho.,t refe~ence ro the
edequacy w inadequacy of the val~e of fhe property mor~gaged or to the so,vency or ~nso+~e~+cy of sa~d MORiGAGOR or the det~~,dants, a~d ~hat auch
re~n, p?ofits, income, issues and revenues shall be applied by such Rece~ver accord:~,g to the Gen or equity o1 sa~d MORTGAGEE and the p~achce of such
CouA.
8. To duly, promptty and fully perform, discharge, execute, effect, complete, compiy with and abide by each end eve?y the stipulations, agreements,
conditions and covenants en sa~d promisswy note and this matgage set fwth. _
9. That in the evenf the ownership of the mortgaged prem~ses, or any part thereof, becomes vested in a perwn otFxr than the MORIGAGOR, the
MORTGAGEE, its wccessas and s:signs, may, wittw~t notice to the MORiGAOR. deai w~th wch succesaor w suucssor ~n ~nterest w~+h reference to this
mo~tgage ar.d the debt he~eby secured in the same manner as w~~h Mortgagor wrthout in any way vi~:ating or dacha~g~ng the Rllor~g,gors' Gabe~~ty herr
~nder w uFwn the de6t hereby secured. No sale of the pre+TUses hereby nrortgaged and no forbearance on the part of the MORiGAGEE a its successws
or assigns and no extens~on of the time for the payment o1 the debt hereby secured given by the MORTGAGE'_ o~ its successws or ass gns, s~~all operate
to reiease, d~scharge, mod~fy change a affect the orig~nal Geu~I~ry of the MORiGAGOR here+n, either in whoie or in part.
10. It is spec~ficalty agreed that time is of the essence of this contract ared ~hat no waiver of any ob!~gahon hereunder or of the ob!igation sr
cured hereby sfiali at any time thrreaher be hefd to be a wa~ver of the terms hereoi o? of tne instrument sewred herby.
I1. In add,t!o~ ro the forego ng month!y paym~ms O+ ~rinC pa! and imr.es! .equ~red by +he pro~n:ssc:y nc't r<tu-ed herebt, mortgagor covenams
e^d agrees to pay to mo-tgagee v.~rh each month!y pay::ont an add~~~ona~ sum ~st;:. ated by mo~tgagre to be equa~ to l, 12 of r;:~ ;n~~al cosr of the foilow-
A-Ali real prope•ty taxes lev~ed or assessed agai~~st the aboYe desc~~bcd rea~ esrate.
B-F.~r^;u•ns on i~re and w~ndsrorm inwracce as here~n requ;red to be carned on the :m;,roveme~~s sltuate on the above desv~i~d prem:ses.
C-Prem~u~~~s on wch m.ortgage guaranty ir.sura~ ce as mo•tgagee shall from t me to t~~ne deem iit to carry on the loan secu:ed hereby.
Mortgagee stia ~~~om f~me to ~~me no+ify mortgagor ~n writ~ng of the ar•o~~t du.~ and payable hereundrr and s~ch s~ n sh~it ~hc.eupo~ be due a:~d
i ~ayabfe on the due date of the next month!y payment and each success~ve n,onth thereaSt:~ ~ctii mortgagee shall not~fy mo~tgager of a change in svch
~ e~ o~m. Such su~ns s~a:~ tx appGed by mwtgagee to~nard the payment of real propeny taxes, insura.xe prem,ums, and morrgage guara~t~ ins~ronce
` p~em~ums.
i IN 1VITNE55 Y:H:REOF, rhe said MORTGAGOR has hereunto set hia ha~~d and sca! the day ar+d year f~st aforesa~d.
~ 5g~ed. Sealed and det~vered in the p+esence of: -
! -
g ' ~-ca.•. L! ~ (Seaq
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(Seaq
~
5T%.7E OF FL RIDA ~
S5.
~~ur~Ttr oF St. Lncig
Before me persona:ly appeared Arthur B~ ~I1QSt and
Peazl V. BLIIQSt _ h~s wi1e, to me wefl know~ and known to me to
the ind~vidwls described in and who eaecured the faegoiny ins~rument, ~nd acknowledged befwe me that they executed the s~me fw the purposes
rhe•ein e:prossed. And the said Peazl V• ~IIeSt _ _ _
N.fe oi the uid Arthur B. Brtl@S~ _ - upon a sep~rM} IQa Dtewfe
~ e.am r.at~or. by me taken separate and apart from her sa~d husband, acknowled9ed to and befo~e me that she eaec~ted sa ~nstr~m~rtt~{~~~; vo1~m-
~e~~:y and w;rho~t •ny compulsion, constra~~t, ?ppre rr-pr, or fear o( or from her said hu~band.
. '
~ WiTNESS my hand and o~ficia! seal this_ Rv _ day oI_._ _ S6~t b= 19~_
~ . - - - - ~ f1C~~1-- ~ i ~
~ Not y Pubi~c in s~d r tIN ~9f t L~Yye .
My omm~ssion eapirea: ' ~ ~ • ~ '
~ • ~
~ Return To: ~ ~ ' ~
~ f~rat federal S~ti~~qs b tosn Aswuahon NOTARY PUBIIC. STf1TE CF FLC.^al~ll~
i~ t~
p~ vo~t PF~ce MYCOfA}AI'~SION£".PIR::~~:'+;_ ~~r
GFivEFtAL 1~lS;:f:ANCE U(~UERWRIT£R5,1^(Q=
Furf i'~trre. il~~r~de
3~-~ ~1~~92
/ILED AM~ RECQRQ[0
This Instrument Prepared By J~ D. Chaatain ~t~AOCE~v~~T~~3~A
First Federal Savings b loan Association CLEAK C~kG11iT COYAT
of Fort Pierce , Rlorida ~lEC0110 VER~FItO.....,.,..~.
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Checked BY f~--- - _ - - - ~ 7 ~ ~ ~ ~ 1 f
- ~oa~1y5 ~113`~ ~ ~ti~~"
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