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HomeMy WebLinkAbout2127 to p1~c~ ~~d con~'uwor~ly ?~ep on iM bv~'d~.~p~ no~ a I+~.~a1tN wrwN on ~~:d ~~nd ~nd on ~li cQ.iip.n~w~ ~nd p~?ton~l~ cov~+~ bI i*+i~ nicv p~. w~~A ~II p~~m~vms ~hH~p? p~~d ~n 1~11. 1~~~ i~~ur~nc~ u~~~l ~~•r+d«d po+k~ lam. i~+ ~ wn~ ~pproved bp tIN 1MORiGAGEE. ~~d w~~~o ;~w.«~c~ an ~M vswl ~andad po~.c~ lan+. ?n •~~m ~pp~or~d by ~M MORTGAGEE. 1n wch canpany o. comp~n+N ~M lNORiGAGEE w~ do~c~i and ~11 1'u~ ~nd w~w~n+ ~niur~nc~ poIKK~ on ol ~aid bvitd~nq?, ~ny Mh~f~~ thH~+n w part ~i~~ol. i~ tM pp~ep~rs.w~n sfa~~aid in •aceu ~Atr~of. aMll coroai~ ~M u~u~l ~randard ma~yaqe~ clauae a•uch ah.. cl~~~ q tM Ma~ppN m~y rpu~~~. en~ki~p ~M ~o~~ undH a•~d po cin, ~acb ~nd ~wry, par+b~~ ro uid MORTGAGEE af ~n in~ere~~ m~y app~a~. ~nd e~ch ~rd ~wry tuch po~~cy ~MII b~ p~omp~lr a~ p~ed N+d d~liva~d + ~ny Aeld by s~cd MORTGAGEE ~s Ivrt!?K ~ccwity 1o sa~d matpp~ dtbl, ~~,d, ~W I~u ~Mn tM (t0) d~p in ~dvanc~ of ~M •.pir~t~on ol NcA po1Ky. ~o d~ IivN fo uid MORTGAGEE a~tMwd tMr~oF, top~thN wi~h a ~~ctipl fo~ tM pt~miuen of ~vch ren~wal; ~nd ther~ ~MII b~ ro f~r~ o. wind~w~m i~wrant pl~c~d an any of ~aid build~rg~, ~ny in~~~a~ tha~ii+ or pa?t tMrwf. unl~u io fh~ tG+m ~~d witl~ tF» tou paYabl~ aa ata~u~dt Md 'a+ tl?~ •re.+t any su» of mphy becq~ys p~y~bi~ und~~ ~uch policy w polaies ~++d MORIGAGEE sA~ll haw iM opt~on ~o recei~e end appty tM samt on accoun~ o( tM indab~ed na~ secur~d ha~py a ro p~.mit uid MORTGAGORS ~o receive and us~ it a~ny part ~hereof fa omcr pwF•osri, wnhouf ~h~..o~ wa~~f,v~ o~ m~pd~. inp any p~~ty, li~n w riyht w+d~~ w by virtw o~ ~hii mort9a9s; ~nd in tM ~vMt H~d 11AORTGAGORS ~hsll fa ~ny rlaia? (ail to ke~p tM s~id prtmi~es w insv+ed. p fsi! b deliver promp~ly ~ny of sa~d polKies of insu?anc~ to said MORTGAGEE, a fail prompfly to pay tully iny premium ~heretor w in any reapect fail 1o pe~fam, diuMr~e, e:ecutR, ~f~sct, compl~r~, comply wi~h ~nd abidt by Ihis cove~am, a any part htreo(, said MORTGAGEE may pbcs •nd paY fw ~uch tosuranu or ~ny part tM~eof without waivinQ a~ffec~'up any op~ion, li~~, puity, a r~qM under o~ by vi.tw of this Ma~qa~~. ~nd the f~q ~moum of ~ach u+d ~wry wch paym~et shall be immedi~tely dw ~nd payabl~ and shaU be~r interest from tM dat~ thereof ~?roil paid at th~ rat~ of nine pa centum pN ~~num and togetfier with tuch interest shatt be secu~ed by tIN !iM oi thii matya~s. 1. To p~rmit, commit or wffer no wast~. impai~ment o~ delcrioration of said property o~ any pa~t the~eof. 5. To pay ~It and sinp~ila tM tosti, ci?irpes and expenses, includiny a reasonable auaney i fee and costs oF abstracts of titta, incuned w p~id at any time by wid MORTGAGfE, becauie w in the ev~nf of the failwe on ti+e p~n ot ~he said MORTGAGOR to duly, p:ompdy and Iully perform, discharge. execute, e(fect, complete, comply w(tF and ab.de by each ~nd every the ~t7pulatrona, sgreements, conditions, and cove~ann of said promiswry ~ote and this mortpaye any w either, snd said cos?s, charges and eapehses, each and ~very, iMll be immediately dve and payabte; whether w not there be notice d~ mand. ~ttempt to collect a wit pending; and tM fvll snwunt of each and every svch payment sAa11 bea. intere~t f~om the dafe thereof uMil paid a1 the rare oF n~ne per cenrurr~ per an,~um; and all said costs, charyea and expenses incurred or paid, together w~th such interest, ~hall be secured by the lien of thii mortga~e. ~ Q ll~a~ (a) in the event of any breach of this Mortgsye or default on the pan of the MORTGAGOR, w(b) in the event any of said sums of money herein ~efevred to be not promptly and fvlly paid wifhin t!?irty {3p) d~ys nex~ siter the same severally becane due ~nd payable, without demand or ~otice, ~r (c) io the eveM eath and every tF?e s~iputations, agreements, cond~tans and coven~nts of sa:d prorr~iswry note and th~s matgage any a eitl~er ~re not iuly, prompHy and fully perfamed, d~scharged, executed, effected, completed, complied wI~A snd abided Sy, then in either w any svch evenl the iaid ag gregate sum mentioned in said promissory note then remaining unpaid, with iMtresl accrued, and z~l moneys setured hereby, shatl betome d~e and pay- abte fwthwith, a thereafter, at the option of uid MORTGAGEE, as fully and completely as it atl of rhe said sums of money were aginslly stipulated ro be pald on such day, a~ything in sa:d promissory rwte or in this Mortgage to the contrary notwithstanding; and the?eupon w lhereafte~ at the option of sald MORTGAGEE, without notice o~ demand, suit at law or in equity, therefue or thereaite~ begun, may be prosecuted ss if all ma~eys secured hereby had ma?ured pnor to its imtitution. _ 7. That in the event that at the begirtning of or st any time pending any suit ~pon this Mortgage, w to fwectose it, w ro reform it, or to e~force payment of any claims hereunder, said MORTGAGEE shall apply to the Court having jurisdrction thereof for the appointment of s Receiver, such Court shail forthwith appoint a receivcr of said mortgaged property all e~d singutar, includ~ng all and singular fhe income, profits, issues and revenues from whate~er source derived, each and evcry of whKh, it beiny expressty understood, is hereby mortgaged as if spec~fically set fath and dexribed i~ the pranting a~d habend~m dauses hereof, and such Receiver shall have all the broad and effective funct~ons and powers in anywise entrusted by a Cou?t to a Receiver, and such appointment shall be made by such Court as an admined equity and a matter of absotute right to said MORTGAGEE, and without reference to the edequacy w inadequacy of the value of the property mortgaged or to the so~vency or inwlvency of said MORiGAGOR or the defendants, and that such ; rents, profits, incane, iuues and revenues shaU be applied by such Receive~ accord~ng to the lien or equity of said MORTGAGEE and the practice of such ' Court. 8. To duty, promptly and fully perform, discharge, execute, effect, complete, comply with and abide by each snd every the stipulations, agreements, co~dit~ons and cove~aots in sa~d promissory note and this mortgage set forth. • ' 9. that in the event the ownenhip of the mongaged premises, or any pan thereof, becomes vested in a person other than the MORTGAGOR, the MORTGAGEE, its succeuors and auigns, may, without ratice to the MORTGAOR, deal with such succeuor o? successor in interest with refere~ce to this mortgage~and the debt hereby secured in the same manner as with Mortgagor without in any way vitiatirg w dischargirg the Mortgagori liability herr unde~ a upon the dcbt hereby secured. No sale of the Fremises hereby mortgaged and no forbearance on the paA of the MORTGAGEE or its succeuors or assgns and no extens~on of the time fw the payment of the debt hereby secured given by the MORTGAGEE or its successors o? assigns, stiaJl operate to release, dixharge, nadify change w affect the original liability of tF?e MORTGAGOR herein, either in whole w in psrt. i 10. !t is speC~fically ag~eed that time is of the essence of this contrad and that no waiver of any obligation hereunder or of fhe obligaYan sr ° cured hereby shall at any tune thereafter be held to be a waive~ of the terms hereof w of the instrument secured herby. t I1. ~n add~tion to the forego:ng monthly payments of princ'pal and interest required by the promissory npte secured hereby, mwfgagor covenanis ~ and agrees to pay to mo:rgagee with each monthty payrnent an add~rionnl sum estimated by mortgagee to be equal to 1/12 of the annual cost of the follow- ! ing; A-A!I real property taxes levied or assested against the above descri?~ed real estate. B-Prem~ums on fire and windstorm insurance as herei~ requ~red to be carried on the improvemenis s+tuate on the above desc?ibed premises. C-Premiums on wch mortgage guaranty irtsurar~ce as mortgagee shall from t~me to time deem fit to carry on the ioan secured hereby. Nbrtgagee shall from time to tir+e ~otify mortgagor in writing of the amount due and payable hereunder and such sum shall thereupon be due and payaWe on the due date of the next rr+onthly payment and each successive month thereafter ur.tit mortgagee shalt ootify mortgago~ oi a change in svch amount. Such sums shall be applied by mwtgagee towa~d the payment of real property taaes, insurance prem;ums, aod mortgage guaranty insuraoce premiums. IN WITNESS WHEREOF, the said MORTGAGOR has hereunto set his hand and :eal the day and first afore ' Sgned, Sealed and detivered in the presence of: n ' John Richarda n thia M. ~iich n ary f STATE OF FIORIDA ` courmr oF Tucis ~ u' f Before me penon~all.y~ }a ared J0~111 D. ~CZiBI"d8 a~ ~ - ~'r"~""-g ~'C~~ his wife, to me well known and known to me to bs ~ the individwls desvibed in and who executed the fo/rte,,y.o~i!~ instrument{, ~and acknowkdged before me that they executed the aame fw the purposes ~ rherei~ expressed. And the said ~+~u~ih~.8 M• iL1C~18Id8 ~ rvife of tMe said John D• ~C21SI~$ ~ upon a sepsrate ~~d privab exam~nation by me taken separare artd apart from her said husband, adcrawledged to and befae me that she executed ssid instrument freely and volw~- { rarily and without any cwnpulsion, constraint, apprehension, fear of w from her said husband. i ~ WITNE55 my hand and official seal this ~ day of ~1 A D. 19 72 f ' . ' - tary Public in a or the ate of F •~t larye ~ Retvm To: Commission xpires: ARY Rll9 ST~~TR` ot F?.GP,~13t ~R!'E MY C01A«'1... J r~ _c z Fint Feden) Savirgs 3 loan Association ~ ^:C. ~ ~ 7 / Bondtd T~r~ ~ ~ Of Fort P~erce_ ~ 9_ J _~~~C.~-y^---~-r-,~~ ~ - i Fort Pierce, Florida ~J . • - f ?1 .a. + •i__ ~ ' .r • ~ i~Ea ~ND RECOME~ ~ ' ~ ~ ~ ? i~ LiC1E COnMiY F1.~ • , ~ ' This tnstrument Prepared By J. H. RObeTtB~ dr. ~fR P01't1lAS ~ First Federal Savings b Loan. Association CLERK CIRC~IIT COUAT ~ of Fort Pierce ~ F1oZ'3.d$ RECORO VER~f~EO.~,~ 3 ` Cf~ecked BY ~ ~ ~ ~ yJ ~ A ~11 ~ , t5 . ! p ~ ~ 888K PAC~~~~ 2~09'. ~ ~ , ' ~ ~S ~ - :h..r _ . + . . ~ _ - - ~I r `~T~'~ ~ ~z~~~ ~ '?.4,',~ . r ~ .