HomeMy WebLinkAbout2074 3 Ta p~acc a~d conti~uouslY Icerp on thc Gu: d~n..7s now on c~reatie~ s~t~ate on sa~d land and on aC cq.np~nt a~~d personafly covr~cd ~v ~h~t ~
ege, w~th aIl prrmi~ms thercon pa:d in tu~!. fuc ~ns.,ra •:o us..a: sTar~e~~ po;~cy torm, m D 1vT ay.p~e~rd b~ rhr MJR,~j.vE[, a*~~i ~dsTc
~nsu~ance in the ususl srandard poLcy torm, in a sum a;,areved by +he MJRTGAGtE, in w:~ compa~q a. compu,,es as ~he N:J27.,=.~[E
d~rect; and al: fnt and windstorm ~ns~rance poi~c~es on any of sa~d bu~~d:ngs, any inrerest therc~n or part the:eof, m the agg•cgau •.,m ata~esa~d
excess thrreof, stia~l :onfain the usuai s~a,ul.+rd mo:~9agec ciavse or s~ch ofher c~juse as ?he AAwtgagee r*~aY ~eQu~~e• '^°~'^9 '~is un~er ss~d po
.~es, each and every, payable ~o sa~d MJRTGAGfE as ~ts ~roe+~-s~ maY a~pear, a~d each end e.•ery s~r1+ p:r.,cy shail br promptly assq•~ea and de~~.rred
any AeFd by sa~d MORIGAGfE as further secwity ~o sa~d n,ongege debt, and, not ~eu than ~en (10; days m ed:ance o! the exp~rat~on ot ea:h po~~cy, te d.
I~~er ~o sa~d MORTGAGEE • renewa! tl,ereof, toge~hn wi~h a rece~p~ for the pre-~~um of such renewai; and tnere sha~~ br ~o f.re o~ V..~~dsro•m ~nsurenc
piaced on any of sa~d buifd~ngs, any ~niere:t there~n or part ~i,-reof, uni~ss in iFx forn, a~xl w~~h the ~oss pay.bie as atoreseld; a.ui in ihe e.~e~t a~y s~n
of money becomes payab~e under such poiicy d po~K~es sa~d MORTGAGEE sfiall have the opt.on to ~ecr~ve and ap~~!y the sa~:x w+ ac:o~~f of ihe ~nd~~:~~ed
ness secured hereby w to permit sa~d MORTGAGORS to recr~ve and use it p any part tlh~eot ior o~n~r c,ur:~;.~srs, .::~n;,.,t +h a. ~3 ~~~a~~'
~ng any equ~ty, 6en ot nght under or by v~rtue of tha mo-'gn~e; and ~n the evem sa~d MORTG~+vO~tS sha!I ;w any reason fail to krp the sa~d prcm~scs so
msured, w fail to deli~er promptly any of sa~d pot~c~e: of ~nsu*ance te sa~d MOR7GAGEf, a ta~. p:OmpTiy to pay ~u,!y any p•rm~~m thrrcfor a~~ a^y
reapecr fail ro perform, discharge, execute: ef'tect, corr~plete. co~nply wiih and a5~de by th,s cove~a~~. or any p~n hrrc~f, sa~d MGR1~,;.GEE n,a~ p~ace a~o
pa~ fw auch insurance w•ny pah thereof w~thout waiv~~~g or efirct;ng any opi~on, :.en, c~u.ry, o: r~,~h! una~r a. by v~rrvt af ~h~a Mo~+ga3e and the
iull arrwunt of each a.~d every s.ich paymrnt shall ~e imrtxd~ately due and payable and sha~i bear inter~~st t~om the date thoreof until pt~d at :he raee o1
n~ne per tentum per annum and to~ethcr vr~th such inte•esi sRa~• ne sewred by the I~en oi th~s mortgsge.
To permit, commit or wf4er no waste, impairme~t or deterarat~on of u~d properry ot any pan therrof.
5. To pay all and :irgular the cost~, charges and expenses, mcWd~ng a reasonav~e attornev's iee ano coa~s ui e.,,t~;:tc :;;:c, :.:~"r~ ;•=.a
nny t~me by sa~d MORTGAGEE, becacse or in the evenl of the 1a~w•e on the part of the sa~d MOR7GAGOR to duly, pra~npt~y and fuily pe~form, d~scherge
cxxute, eftect, complete, comply w~th and ab.de by cach and every the st~pu:at~ons, agreemenfa, cand~~~orn, and c~v~nann of sa~d p~o~r:;ssory rw~e and ~h~~
mortgage any or e.ther, and sa~d cosrs, charges and e:penses, esch and every, sha11 be ~mmed~a~ety due and payab~e; vchether w not rl+rrr be not~ce d~
mand, attempt ~o collect or suit pend~ng; and the ful! amount of each and e~ery svch pa~mem shel~ beao u~fercu from ~ik date thereoi unti~ pa~d at ~he
~.•ie o~ n~ne per centum pe~ annu:n; and alI sa~d costs, cnarges a~d cx~ns`s incurred or pa~d, together w~th s~ch ~nteiest, shall be secured by the ~Kn of th,f
mortpage.
6. That (a) en the eveM of any bresch of th~s AAortgage w default on the pan of the MORTGAG~R. or ;b) in the evem any of u;d wms of rt~ney
i:erein ret~rred to be rat promptly and futly pa~d w~Thin th.rty ;30: oaya niat a=*er the same se~e~aliy becorne due and payable, wutwwt demand or nonce,
~c; in the event each and every the snpuiat~ons, agreements, cond~nons and covena~ts o' sa:d prom:zwry note a.~d th.s mor~gage a~y or erther are not
i,,:y, prompily a~d iulty performed, d:scharged. exec~~ed, eifec~ed. complefctl, cornpa~ed w~th and ab~ded yy, then ~n e~~her a any such event the sa~d ag
a cgate wm mentwned in sa~d promasory no*e then rema~niny unpa~d, w~th ~~ier~,~ azcrued, and a~! monrys secured hereby, sha~l become due and paw
ac~,e fo~thw~th, or thereafte~, ai the opt~on of w~d MORTGAGcE, as fully and complereiy aa if all of rF~ sa~d wms oi money were a~g~~a.~r s~~p~.aied !
rc be pa~d on such day, anything in ~.d P,o~.,~uwy note w in tnn Mor~gage to 1he contrary not,n~thstand:rg: snd thereupon w thereatrer a~ the o;»~on of ~
sa.d MORTGAGEE, w~tfwwt not.ce o~ demand, w~t st law w in equ~ty, the~efwe o+ thereafier begvr., may be prosecu~ed as if all rt~w~eys sec~red Fr•eby
no(7 mature~ p1~0~ to ds ~~KtituLOn.
7. That in the event that at the beginni~g of a at sny time pend~ng any suit upon this Mo~tgage, or to forttiose it, or to reform it, ar to enforce
~.ayrnent ot any ctaims hereunder, ~~d MORTGAGEE sha,! app~y to the Court havu,g ~u-ud~ct.on :he.rot 4or ihe appomtment of a Rece~ver, such Co.rrt shaii
r.,rrhwith appo~m a receiver of sa~d mwtgaged p+operty ali and s~ngulu, inu~d:ng al~ and s~~~~+ar the ~ntome, p~of~n, ~ssues and reve~ves froT whs~eYer
s~~rce derived. each and every of whKh, it be~ng eapressiy vrxienfood, n hereby mongagrd as ~f spec:i~caEly set iwth and descnbrd in the g~annng and
~~e.~ndum aavses hereof, a~d s~ch Qece~ver shati have al! the b+oad and efiectne i~ntt•ons and powers in a~yw~u entrusted by a Cou~t to a Rece~ver, a-+d
s_;h appomlment shall bc made by svch Cou~t as an aomltted equity and a matter of absoture r~ght to ss~d MORTGAGEE, and w~~thout refererxe to the
adrquaq w ina~Jequaty of the value of the property mortgaged or to tne sa:vency or ~nw!vency oi sard MORiGAGOR or the defendants, and that svcfi
rc•~rs, protits, incwne, asues and revenues shali be appi~ed ~y s~~!! Recr~~er a~corri.ng ~o fFr I~en or eouity of said MORiGAGEE and the pra.t~ce of s:,ch
~ourt_
B. To dvly, promptly and futly perform, dis:harge, execute, effecf, c~mpiete, compty with arui ~bide by each and evr.y the stiputations, agreeme~ts,
conditioru and covenants m sa~d prom~ssory note and tnis moriga~e :et forth.
9. That in the event the ownership of the mortgaqed prem~ses, or any part tfiereof, becomes vested in a penon other thsn the MORTGAGOR, the
~:.JRTGAGEE, its succeuo~ and ass~gns, may, w~Thout noT~ce to The MOKTGApR, deal wrth s~ch successor w successor in interesi wah reie.ence to th~s
n•,o~~gage and the debl hereby secured in the same rt.anner as w~th Mortgagor w:tlw~ut in any way vit>atirg or d~scharging the Nbrtgegors" liab~:ity htrr
:,nder w upon the debt hereby secured. No uie of tt~e prem~ses nere5y morigaged and no ?uroea~ence u+~ ti~ yu~~ vf v~K :..^.R:: AG~: a::s se::cc.s::s
o~ assiaRS and no eztcmio.+ of the t~me for the payment of the debt hereby secured g~ven by the MORTGAGEE o. its successors or au~gns, siulf operate '
~o release, d~acfiarge, ~nodify charye a affect the or~g.nal I~au~;rty of tt~e MORiGAGOR herein, either in wFwle or 'w~ put.
10. It is specifically agreed that t~me is of the essence of this contract and that no waiver of any oblgatwn hereunder a of the obligation sr
y c~red hereby shali at any time thereatter be he~d to be a wa~ver of the terms hereof a of the instrumem secured he~by.
l l. In add~ho~ to tite fvregc ng rtronth~y payments of pri-u paI and mteres! reqwred by the promissory no!e secured hereby, r.w:tga3~r covenants
~•,d agr~es te pay to mortgagee w~sh eacfi monthiy rayrnent an add~~~onal sum es~:n.a~ed by morsgagee to be equa~ to 1, 12 of the amuai cost of the fol~ow-
~ 'a .
s A-All rea! property taars lev~,~d or ass>ssrd aoe~~st th~ above desc~i.F,ed re-a! estate.
fi-Pr_mwms on fire and wmdstorm ~r.surance as ne~ein requ:r~ tc be carne-d on the ~mproveme~ri utvate~n the above desc~~bed premises. ~
r C-Premwms on suCh mort3age guaranty ir.s~rance as mortga~ee shatl from t~me to time deem 4it to c~rry on tht ban seWred hereby.
Mongagee stiai~ f~om t~me to t~me noT~fy mo~tgaqor ~n writ~ng of the amo~m d~e and payabk here~ndtr a~d svch wrr, shail thereupon be d~e s~d
:?v~ble on ihe d:~ date o1 the next month,~ payment and each s~ccessive month thereafte~ ur.til mortgagee shall not~fy mortgagor of a change in such
z r-~~unt. Suth sums sHa~i be appued by mortgag`-e toward tne payment of reai property taaes, ~nsurance p~em,~ms, a~~d mortga~e g~a~anty insurance
.~•emwms.
% IN WI7NESS WHERcOF, t't~e sa~d MORTGAGOR has he~eu~ro set his hand and seal the day and ar first afwesaid. ~
~ ' ned, Sealed a:id {ivered in the p~esence of_
} ~i ~ ~ V' al)
= Leroy C, loy a k a ro
Y ~ ,ry~r.
- Verdell Floyd ~an
-
:x
~
s S;A1E Of FLORIDA 1
St . Luc ie } ss.
f ~ouNrr oF ~
sef«~ ~~uy appeared Leroy C. Floyd a/k/a Leroy C. Floyd, Sr , a~
~
Verde 1 1 F 1 ovd his wife, to me wel! krpwp and known to me to be
the individuals described i~ and wiw executed the fw o~rg instrument, and ackrwwledged before me tMt ti~ey eaecuted N~e same fw tlte purposes
_ ~r,e.~~~ ~~.~~a_ a~d r~ said Verdel l~loyd ~
wife oF ~r,~ ~~d - Leroy C. R1oYd a/kLa LerQ~..~.~.xQ.:.a «d P.~~.te
exam~natron oy me taken separate and apart from her taid husband, atknowtedged to end before me that she x nt lredy snd w~un-
y' ra-~ly and witnout any compu{sron, constramt, appreheLns~~on, or fear of or from her said Fwsband. - ~
WITNESS my harv! and official seal this_ day ot DeCe`nbe A D. 19 71 ;
= Notary Pu41jc in snd for 1!~! $hte Fktida ~T ttrp!
m wn e~cpires:
n P.E~~~~O1° NWARr PuBUC..St1F1Ed FlARIUAat uRGf
- Return To: FtA.
- Ep pN- UKtY My CqAA#~tW1.~(OIRES SEPT. 25. 1975
= F~nt Federal Savings 3 Loan Association St `y~~E~ ~G~=~~ BqIQ~Q Q~/ ~llf~ ~i~kER IflSY(IIKE
_ p4 Fon P::~~ce RGvE~_ LU,j CO ~
Fo*t P~erce. florid; CLE~F. Ct~'t,E~
p~ ~H•11
3 3 2
This Instrucnent Prepared By .7ohn W.Col 1 i~
First Federal Savings 8 Loan Association
_ of Fort Pierce F 1 or ida 19933
- ~ 2
- Checked By -
= BOOK 19~ PACE ~,V~~ ~
_ ~