HomeMy WebLinkAbout1588 3. Tn placc .~•d co~~Hn~o.~tity leep on ~bc l~u~'.b~.:~s ~~:v~ w hc~~•ol~c~ •~tua~e on aacl ~end and o~ aIl cquip,ncnt a„d pcrtonally covcred bY tfii~ mw
~9s. w~lh all premwms ~hr~eun {,od u~ Iv:~, Lrc ~~,s..~o~,<c ~n ~hc rsval s~o~~cl.~rd No'icy Foim. ~t+ a~~~~n •~,~~~ovcd by Ihe MUkIVAGEE, •nJ w~nJfto
~ns~ronce ~n ihe ufuel s+aeidard poLCy ~onn, in w~ei a~ ~no.rd l+Y Ihr MORiIiAGEE, in •uch tompe~~y or Compan~ef ef Ihe MORIGAGEE ~
duett; •nd all fire and w~~~Jatorm :nsu.ancc puhurs on any of sa~d lwild~nys. •ny i~qereat ~he~c~n or pait Ihnrcol, in Ihs ~ggrcya~e ~um alwttaid
fn exces~ Ihercal, ihalt cu~+tain ~he ~~va~ ~~a~~d.~r~l n,.i:i~~~9re iL.use or auch o~her cl~~ss as the Mo~lyagee may ~cqu~re, maGng ~he lo» ~nde~ ~a~J po
c~ef, eech and every. pa~able to sa~d ~~1~~R1(.;ACEE as ~t? u,~r~~•ft may a~:pear. and each and eve~y fuch po~uy shall tie prompt~y •upned •rd del~ve~ad ~
•~ir held by sa~d h10~t~.Ai~tE as ~urnc~r a~~iur~~y aa~d ~~~o~~yaye Jr6~. and, oot Ica~ than ton (10) days in .~dvence o( the eRp~~ahon J~ esch pol~cy. 1o d~
Lver t0 ta~d Ml7RiGAVEE a rencwal thrrcuf, 1~)c~her w~th a rrce~pl }or Ihr picmwm ol S~th ~oncwul; end Ihrrp tholl b! ~w ~uc or windslo~m infutanC
placed o~ a~y ol se~d b~itd~ngs, any imrrr~~ ~hcro~n or ~~a~~ ~h<<cuF, ~nir~s m the fono a~~d w~~h ihe loss payoble a~ aloreseid; and in the eveM any •un
of monoy beca~Tes payabie under sv.h ~wlitV pol,urs smd M~)~iGAGEE ah,~ll hevr ~hr opt~en to rccr~vr end epNly the sa~ne on accounl ol ~he ~~cleblyd
ncta aCturc~ hl~Cby Or fo permit fa~d MORTGAGORS lo rccrrve and uSe it W eny ~~art Ilw:cul lor o:iu•r ~;ur~ ot~~:. •.'.~thvut fh U/ w.:~.~.~7 Or ~~~~p~~'
~ng any equ~ty, I:cn a r~yht undcr or by wrtua u1 th~s ~no:tyeye; ai,d in the evrnt sa~d MORiGAGORS sh:dl !o~ any rraso~ fail to kecp ~he saiJ promisei fo
~n~urrd, or fail lo drl~~c~ F.ronrytly eny of sa~d ~~ol~c~_s c~ ~~~w~ante to fa~d MURiGAGfE, o~ fad p~on~ptly ta pay fvliy any pre~~~w~o therelo~ a~n +~Y
rrsped (ail to ~rfc>rm, d~s.har~e, e~.•c~~e, e~lect, ca~~ple~~. co,~~pl~• w~~h uid ab~de by th~s covenan~, o~ any pett h~reof. sa~d MORTGAGEE may pl~ce e~~d
pay Ip such insur.~~xe or any parl tho~rof w~thout wa~vmg w alfci~ing any op~~w+, ~ien, equity, or n~M unde~ w by vulue of this Rlortgafle, •nd tht
full anwun~ of eech s~~d e.a~y such paymaro shall 6r n+,~ncJ~atcly dve a~xf payablc snd shali brar inlr~est from tha date thcreof umil pa~d at the rale o1
~~~ne prr crnwm per e~inum ~n:f to3efhe~ aifh such inrr~_•st sh.+u ;>r src~red I~y the ben o1 th~a mortyage.
1. To pem~it, tommil ur su(le~ ao was~e, imps~m~nt ot drtc~wrotion of said prope~ty Or any part the~eof.
5. To pav all end sing~lar the costs, cha~ges and expenses, in<ludu.g a reaso~~able attor~ey's fee and cosH ot sbstrotts oi tltle, incu~red or paid at
.~ny tin,e by sa~d MURIGAG:E, beceuso w in ~he event ol th.• fa~lure on ~?u w~f ol Ihe said MORiGAGOR to duly, promp~ly snd fuliy perfwm, d~achs~q~.
eucvte, eHet1, ce~+~ptete, comply w~th and ab.de by ea.h end every ~he shpu~a~wrs, agreemenh, condd~o~u, end covenants ol se~d promissory nole ~nd ~hi~
,,orrgaQr a~y or c~thcr, and sa,d costs, charges e~~d eaF•cnacs, cach a~xl avrry, fhall be immrd~ately duc and payable; whether or not thero be no~~ce de
me,id, ateempt to coliect or suit pend~ng; and the 1ut! anwunt oi ee<h and every such paymem shall bear intcrest liom ~he date thereof unlil paid ~1 the
~.~+r e~ n~n! p!r crnl~~n Fr~~ ann~~ ~i: and all sa~d cuats. cha~g.~s and r~~+~~~sra irxu+r~d or pmd. toyether wdh futh ~ntlrefl. ~hall be secured by fhe I~en of th~~
mort9afle.
e. Thal in the event of any brcacfi of this Mo~tgaqe or dr(ault on the pa~t ot the MORTG~IGOR, w(b) in the event •ny o( te~d sums of money
herein relerrrd to (x not prOmptiy a~x1 fuily pa~d w~~hl:~ th,+1y ~,3J) Jays ne.f att~•r Ihe seme aeve~a'.ty betome d~e and payab~e, without demand Or nofiCe,
or ~cl in the evem each ~nd every ~he ahp~tef~wx, a9rec~nrn~s, conJ,hons ar~d coven~nts o1 sa.d promissory note a~.d th~s mortgsqe any p either •re not
i~dy, prOmptly end I~IIy perlormrd, dachart~cd. taec~tcd, effecteal, canplered, compl~ed with and ab~d4d by, lhen in ei~her w any such ev~nt the fa:d aQ~
aregate sum ~nenhoned in sa~d promissory ~iotr then ~e~»aining v~~pa~d, w~~h ~ntr~r;t acuued, and all mol~~yf secured hereby, shall become due ~ne~ pay
ab:c forihw~th, or therrat~cr, at thr opT~on o1 s.ud h10R1GA~,EE, as fully ard co~•~plrtely es il all of ~hr said sums of money we~e or~ginatly sfiputated
~o be pa~d on such dsy, anything i~i sa.d pro~n~sso+y note or m thn hWrtge~e to the to~~~rary nolwilh~tantluig: and ~hrreupon or thc~eaUer at th! opnon of
s~ d A10RTGAGEE, w~thoot not:ce or dcmar.d. w~t at law ur in equAy, thrrefore o~ tl~ereaite~ begun, mqy bc proxtWed as if ell moneys setured hereby
n~d matured pr~or to ~ts inst~tut~on.
7. That ~n the evrnt that at rhe beginning of or et any hme pcnd~n9 any su~t upon ehis MortgAqe, or to toreclose it, or to reform it, or fo enforce
F~~~ment of eny d.+~ms ~e~eund~~~, sa~d htORTGAGEE ~hali a~~plY ro the Cour~ hav~ng ~u~~~d~c:~on thereol (or the eppomtment of • Receiver, fuch Cou?1 ihail
r,~~ih..~fh ~ppo.nt a.ece~ver of sa~d ~~~ortgaycd proprr~y ail and s~ngular, incfvd ng all and s~ny~la~ ~he•Inconx, piof~ts, issues and revenves from whateve~
s::•ce denved. each and eve.y of wh~ch, Ix~r,g ex~~rrsa!v ~~~~~~uood, n hereby mortgaged as if spee~fically set lorth and destnbed in the graNing and
ha:~end~m c!s.~ses hen~of, and such Recr~.er shaii hav~ all the b*.:ad and e+iec~~ve fu~ut.ons and power~ in anyw~se entrusted by s Cour1 to • Receiver, and
s. ;h eppcintment shall be mede by such Cou~t as an ad,~ufred equdy and a rnsner ol ab~o~ute rigAt to saiJ MORTGAGEE, and withou~ refererxe to the
e.'.rqurcy or inadeq~acy of the value of the property mortgaged or fo the :o;ve~cy or uisot~ency of_ said MORfGAGOR or the defendants, and that such
;~+s, profits, incanr. ~ssves and revenves sha!I be appi~ed by such Receiver accordmg to the lien a equity ot said MORTGAGEE and the p?actite of suth
Cuurt.
6. To duly, prempt".y and (ui~y F+erform, d~scharge, execure, eifect, complete, comply w~th and abide by each and evtry the itipulationa, agreemenfs,
conditions and covenanrs m na~d promissory nore a~~d tt~~s morrgage set forth.
9. That in the eve~t tbe ownersh~p of the mo~tgaged pre~~~~ses. o. any part thereof, becomes vested in s perwn othe~ than the MORTGAGOR, the
ti•.~RTGAG:E, its successon e~.d ess~gns, may, wirhou~ norice to the J140RiGAOR, deat w~fh such successor a successor in interesl with reference to this
^~o•fgege and rhe deb~ herehy sec~~ed in the same ma~~r.er as w~th Mortgago. w~thd~t in any way vit~atinq w d~scharging the Mortgagori lisbilety hera
~^drr or upor+ the debt hereby sec~ned. No sa'e of the F~en,ises hereby mortgagrd and no forbea~ante on ~he part of the MORiGAGEE w its sutcesso~s
e- ass~g~s and no exters~on o1 ehe hme !~r thr paymenr ef the debt hr~eby secured g~ven by the MORTGAGEE or its successors or auigns, sha~l operat~
~o rNeese, d:scharge, mod~fy chan9e er affect the orig,nal :~ab~„~y of the MORiGAGOR herein, either in whole or in part.
10. It :s spec+fically agreed that t~me is of the esse~~ce of fh~s contract and that no waiver of any obligation hereunder a of the obligatan se-
c~~ed hereby shel; ai any time nc~rratrer be hc:d to be a wa~~cr of ihe terms hereof or of Ihe instrumeM secured herby.
11 (n add t:o~ !o !~ie forego ~-.3 ,:~onth!y ~~ayn-,ents of ~=:i:iCpal and inrerest required by the prom~ssory no!e sewred hereby, rtiortga3ar eovenants .
~ a9•ees fo pay ro r:o-~g~gee .,;!h each rronth.~ rar~ e~~t an adci,*~ona! s~m rsr.mared by mortg~gee to be eq~al to 1,' 12 0( the annual cost of the fo~low-
A-At~ .ea4 pro~•ty taars Icv~ed or assess_d ag.+r•,si the ahove describcd real esrate.
6 F-~~~ u^s en f~re ac~ v~~edstc•~ ~ns~~arce as ne~e!n req~~.red to be carri~d on the ~mproveme~ts s~wate o~ thc above described premises.
t-Prr,*.~u~^s on wch mo~tg=oe guaranty mwra~,ce as mo~tgagee shail from t:me ta t~me deem fit to carry on the loan secured hereby.
!
' Morgagee sha ~'•cm r:re te +~^~e net~f; .r.c.tyago~ •n wn~mg of the a~~ou~t d~e and payable hereundrr and such su~n shalt thereupon be due and
k ..~bk en thr d~e da?e of ~he r•_..+ ~,~c•;th y pay•,~e~,t and each successive month thereaftcr ur,til mortgagee shall not;fy mortgaga of a change in ~uch
E ~,~n~. S~Kh su~r.s s^a i L•e app ~ed by mo.rgag-re tcward ihe payment of rcal property taxes, insurance prem,ums, and mortgage guaranty insurance ;
I _^~[~m.s. .
~ IN \'11TNESS :.H~R~Of, rhe sa~d 1t50RTGAGCR has here~nto set his hand and seal the day and year first afwesaid.
~ S~gned, Seal a. ' ered in the presence of:
` (t'+~>
° (Seaq
~ _ -a dL~ T~ - (Sesq
~Seaq
S":.'E OF iLORIDA !
u.
_~u.'JTY OF St. Lt1C~@ ~ '
i
Befwe me personally appeared Frank Waldro . St.
_ Bstie Waldzop h~s w~~e, to me wetl known and Iptow~?..to me to be
~ ind~~~duais descr;Eed in and who exec~ted the foregoing instrurnent, snd acknowtedged befue me that they exst~~l~lffi~.~j,,~[;~M ,purposes
Estie Waldrop "t- "~~`~="~'`%';,,w
'*e•e:n expresxd. And ehe sa~d------ .~_:4..•::, a.~Y ~
Fran~Waldrop, Sr . - ~,p~,~
~;P,;.i; ,nd p,~~,+.
`e of the sa:d _
nar:on by me ta:.e~ separare and apart from her sa~d husband, ecknowledged to and before me that she exeNt~ •.~d f~•~.~~ •rn~.+r:,~a ~~~m
_ y i ar:d w.thout any co^~;.vls~on, co~;stra~nt, apprehens:on, w fear of or from her uid hwband.
~ WITNfSS my hand and off~c~al :eat th~s ~~h- _ day of_~ `;f'' A. D.~1~ 71
_ ~`i.l - `1 L l~ 1 • ~ '
~ Notary Pvblic in and fot 1fN N O} id~.~t'~it~ ,
~ My Comm~ssion eapires: ~!~'~,~j~ 1975 '
~ Retvrn To: ' j} l:' ~
~ f.rst Federal Sa~~r.~s 3 loan Auoc~a~.on ~~C~/'~~ • ~
;>c ;.,,r P ~ c,• tJ L~
~ :or, G....,p. F~;~ya ~ ~`i?~
)
~ i1LE0 ~NU HECORDED ~
ST. ROC~ERvP01TRAS `A.
This Ins!rument Prepared By John W. Collins ~~~~K C~~~U1T COURT
- F+rst Federa~ Sav~ngs 8 loan Association RECOAU VERIFIEO..~-•-
of Fort P~erce, F lor ida SEP' 3 ~ 55 PM ~ :
cn~,k~d B~ _ . - _ M~=~ ,c~
1~5 ~
. pa
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