HomeMy WebLinkAbout0747 To pl~c~ ~nd conti~uously ks~p on tM bu~tdirps now w Mr~~11M 1i1WN 0~1 Nid I~nd u~ On ~li equipmint ~nd pf?fOn~lly COVNld by Ihif l~Or
~y~. w~~h ~11 pr~mivms thereon pa~d in full, tir~ i~sur~ac~ in ~M uiwl sundWd policy forn+, in ~ sun+ app~ov~d by ths MORiGAGEE. and w~nd~?o
inswanu in ~M uswl ~~anda.d pol~cy form, tn • wm approved by th~ MORTGAGEE. in wch tompa~Y o~ compam~s ~i tM MORTGAGfE m
dir~clJ and ~11 (k~ and wind~tam inswae~a po~K~e~ o~ ~ny tff Hid buildin~s, a~y inl~~t~t tlkrc~n w parl thereo}, in IM py~ey~ts awn ~faewid
In ~xeeu t1~wf, ~MII contain t1+~ ~rswl sundard rr.a~9s~N eiaus~ a wci+ o~iKi eiau~ ~ t~» riwr~y:y~ ~~a? i~y~::s. r„~z:~ t:w E:.z~ e::.-~-~ -
cte~. ~ach and wery. paYabt~ to said MORTGAGEE as itf i~?terest may ~pp~a~, and eacA u~d ~w.y ~uch po~icy s~alt b~ promptly asi gncd ~nd delivsred ~
+ny Iwld by s~id MORiGAGEE as iw~ha security ~o sa~d mwtps~e debt, and, eot I~ss tFy~ t~n (10) d+1n in sdvance of ~M expi~ata~ of each policy, to d~
liver Ip said N1pRTGAGEE • rNawal thtrNf, toptlhN with • ~ecfipt fw Ihe pnmiwn of such re~ewal; ~rtd Ihere shall b~ no (~re w windsto~m i~sura~t
p1•c~d on My of ~id bviMinps. ~ny inre.es~ thK~~n or pa?t th~.~of. unlsss ie tM fwm ~nd with ti+~ loss paYable as a~or~uid: and in ~h~ ewot any sun
of rtwney becwn~s payabl~ unde< <uch policy or policies iaid MORTGAGEE ~MII Mw ~he optqn 1o receive u+d appty tM same on accouM o( the indebted
neu sscur~d Fw~eby w a permit iaid lNORTGAGORS to receiw and us~ it a ~ny part thereof for other purpose:, .v~iho~t ~h~~ro~ wai~in3 a unpair
ing any eqv~ly, lien w rigM unde~ or by virtw of Ihis mortpa9ej ~nd in tFK went s~id MORTCsAGORS shall fa any reasa? iai) to keap the said premius w
insured, or fail to deliva promptly ~ny of said polKiei of insuranc~ to s~id MORTGAGEE, w fail prompNy to pay futty ~ny premium therefw a in ~ny
~espect fail to perfam, diuMrge, ~aecuts, tffed, complets, comply with and abid~ by this mvenant, a+nY part hereof, said MORTGAGEE may p~+ce +nd
paY fw such irovrance o? any p~N thereof without waivinp or affectirg aey option, lie~, equity. o? righf unda a by virtue of this Morfp~e. ~nd thc
f~ll smount of each and evNy s~ch payment sAall bs irnrnedi+tely dw ~rd p~yable and sMll btar lnterest f~om ths date ti+ereoi until paid at the rat~ oi
nins per ce~rum pa ~nnu~n and to~ether with ii+ch ~ntaest shall be securod by tM 1'a~ of this matq~e.
~
1. ?o permit, commit ot suffer no wa~fe. impairrt~t w deterioratan of said property or ~ny part thereof.
5. To pay all a~d sinpulu tM costs, ch+rges ~nd expenses, inctudirp s reasonabk attwney's fee and wsts of abstracts of title, i~cvned or paid ~t
any time by said INORiGAGfE, because o~ in the even~ ui the f:ii:,re on tt.a p::i af i:.a s:~d MORTGAGQR t~ ~sty. ;.:~-;.:!y sr.c~ !_•!y :~er!=.•r'L d;s~F`+r9~,
execute, effect. compkte, comply with and ab:de by each and every the itipulations, agreemenri, conditio~u, and mverwnn oi said p~omiuory note and thw
matgage sm or either, and asid costs, charges and expenses. each and every, sMll be immediatety due and payabls: whethe~ w not the~e be notice da
mand, attempt to col~ett ot suit pending; and the futt smount of exh and ewery wch psymeM sha~l bea~ interest from the date tMreof wail paid at the
rate of nine per centum per annum; and all said cos~s, charges and expenses incvrred or paid, together with such interest, sh~ll be secured by the lien of tha
mortyage.
6. That (a) in the evee~t of any brcach of this Mortgage or defwlt on the psn of the MORTGAGOR, w(b) in the- event any of satd swns of moe~ey
herein referred to be no1 promptiy and futly paid w+thin Ih+rty (30) days next after the same sereralty become due snd psya4le, witho~l dema~d or notice,
or (c) in the event each ar?d every the stipulatio~s, sgreements, conditiau and covenants of sa~d promissory note and th~s mortgs9e ~ny or either +re ~wl F
iuly, promptly and fully performed, d~scharged, executed, effected, compl~ted, complied with and abide<! by, then in either o? any such event tl+e said ~g
gregate sum mentaned in said promissory note the~ re+naining unpaid, with iMerest acauetl, and all moneys setv~ed hereby, shall beaome dw and pay-
abte fwthwith, or thereafter, at the option of said MORTGAGEE, as fully and completely as if all of the said wms of money were wiginatly tNpulated
to be paid on suth day, anythi~g in said promissory note w in this Mortgage to the contrary notwithstanding; and therevpon or thereafter at the option of .
said MORTGAGEE, without norice w drmard, suit at law or in equiry, therefo?e a thereaiter begun, may be prosetvted as if all moneys secured hereby i
had maturod ~~w to its irotitWion.
7. That in the event that at the beginning of or at any time pending any wit ~pon this Mwtgage, or to foreclose it, w to refwm it, OI f0 MfOICO
payment of ~ny ctaims he~eunder, ssid N10RTGAGEE shall apply to ttro Gourt having jur~sdrction ~hereof for ~he appo~otmenr of a Receiver, such Court shall
Forthwith appoint a receive~ of said mortgaged property all and sirgubr, includ~ng all and singular the income, prolits, issues and revenues from whatever
:ource derired, eath and every of which, it being expreuly unde~stoad, is hereby mwlgaged u if specifitally set forth and described in tlx graMing and
habendum clauses hcreof, and such Receive~ sha~l have alt the b~osd a~d effective fu~ct~o~s and powers in anywiu entrusted by s Co~rrf to a Receiver, and ~
wch appointment shall be made by such Court as an admirted equity and a matter of absolute right to said MpRTG!?~sEE, and witiaut reierente to Yne ~
adequacy or inadequaty of the vahie of the property mortgaged or to the sotventy or i~solvency of said MORTGAGOR or the defendants, and that svch
re~rs, profin, income, iuues and revenues sfiall be applied by such Receiver accwding to the lien w equity of said MORTGAGEE and the pwctice of wch ~
t
Court.
8. To duly, promptty and fully perform, discharge, execute, effect, complete, comply with and abide by each and every the stipulaYwns, sgreemenb, .
conditans and covenants in said promissory note and this mortgage set fwth.
9. That in the event the ownenhip of the mortgaged premises, a any part thereof, becomes vested in a person other than the MORTGAGOR, the
MORTGAGEE, its succeuon and assigns, may, without notice to the MORTGAOR, deal with such successw w successor in interest with reference to this
mortgage and the debt hereby secured i~ the same manner as with Mortgagw without in any way vitiating w diuharging the Mortgagors' liability FKre-
under or upon the debt hereDy seaired. No sale of the Fremises hereby mortgaged and no fwbearante on the part of'the MORTGAGEE or its sutcessors
or assgru and rw extensan of the time fw the paymeM of the debt hereby secured given by the /NORTGAGEE or its s~rccessors w ~uigra, sfiall operate
~o release, discharge, modify change a affect the orginal tiability of the MORiGAGOR herein, eithec in whole or in part.
10. It is specifically agreed that time is of thc essence of this contratl and that ra waiver of any obligatan hereundcr or of the obligatan se-
cured hereby shall at any time thereafter be held to be s waiver of the terms hereof w af the instrument sec~red herby.
11. In acidition to the forego:ng monthly payments of priM pal and interest required by the promissory note sec~red hereby, rtartgsgor covenants
and agrees to pay to mo:tgagee with each monthly payr~ent an addi~ional sum estimared by mortgagee to be equal to 1 f 12 of the annual cost of the follow-
ing:
A-All real property taxes levied or assessed against the above desaibed real estate.
B-Premiums on fire and windstorm i~surarsce as herein reqv~red to be carried on the improvements situate on the above described premises.
C-Premivms on suck mortgage guaranty inswar~ce as mortgagee shall from time to time deem fit to carry on the ban secured hereby.
AAortgagee shatl from time to time notify mortgagor in writing of the amount due and payable hereunder and such sum shall thereupon be due and
Fayable o~ the due date of the next monthly payment and each successive month thereafter urtil mortgagee shall notify mortgagor of a change in suth
a~nount. Such sums sFall be applied by mortgagee toward the payment of real property taxes, insurance prem:ums, and mortgage guaranty inwrance
! ~remw
! IN ITNESS WHEREOF, the ' MORTGA has hereunto set his hand and seal the day and year fint aforesaid. .
( / c~.i~ .~r..~, d.....~.~4. / . /
~ - - - - n
J h E, essiCk ap
_ ~ csNn
Olive S. Messick ~
SiATE OF FLORIDA ~
$t . LuCi@
couNn aF
and
eefore me personally sppeared John E. M@ 5 S 1Ck , j
O11VB S. MBSSICIC his wife, to me well known and known fo me to bs
the individvals described in and wFa executed the forepang instrument, and sckrawledged befwe me tMt they e:ecuted the same fo? the pvrpos~s f
therein expressed. And the said ~11V@ S. ~'1@SS1CiC ~
wife of the ssid John E. M@SS1C1C -vpon a separate and priv~t~ !
examination by me taken separate and apart from Fxr said husbind, stkrwwledged to and befote me that she executed said i~ntrurnent fely ~nd:aeolu~
rarity and w~thout any compulsion, cautraint, appreFrorwion, or fear of or from her said husband. , ;;:t~ j
WITNESS my hand and official seal thi¦ 7th dsy of Y11
~ ;C , ~
. . ."'v.:i:.: .
~ ~
~ Nota Public in ~nd for Me tate O ' ` .
~ My miuion txpires: ~ ~ ~i' 9: ~.s. _ ~
~ Retum To: NOTARY PLl3i~C STATE OF F~Q ~
F~nt Federal Savings 3 loan Association MY CC'.;.':,,g;;'G'~ [XFIRE ' ••:.G ~
Of Fort P~erce. GEI~1ERqL iE9511TANCE Ui~lpE(
j~(j~~ k~ .T
Fort Pierce, Florida • 1 ~
_.Z - 7~ ~ ~=~.°'~F •`;r.
~ S,~,T~
ftlE0 ANO RECORp-Ee ,'f ••.,•'?"""`~.~ti~~ ~ ~
iT.~UClE COUNTY fLA. " ~
This Instrument Prepared By RiChard K. Kayes ROCER POITRAS
First Federal Savings ~ loan Association CLERK CiKGUIT CWMT t~~' s~-.
of Fort Pierce ~ Flozida IIECORD YERIFIEO~~.~~: . ~
Checked BY ~ . ~ ~ ~ ~Q 1~
. 22'719'7
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