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HomeMy WebLinkAbout2345 ie pl~c~ and cont;,;~~ow~~ luep on N» b+~'a~ now w M~~~UN v~wM on N~d 1-nd Md on ~II Mv1p~n~~t Nd pwwn~ll~ cev~e~ bq thi~ w~a p~, w~~h ~p p~wns ~hawn pa~d in tvll, Ih~ i~+w.anc~ cn ~M w~+~t u.~d«d porKy fan~, in ~~um ~pp~owd br tM MORtGAGfE. a~d w~~ro ~wM+a in N» uwd ~~~nd~.d pW~cy fan?, 1n ~ wm spp.w~d by rht. MORIWIGEE. in wcA canp~ny a oo~wp~niN w Nr MOaTGAGEE w~ dr~dl ~nd ~Ii (M~ and w+nd~w.m in~w~nc~ po1K~a a+ ~ny o~ s~~d bwWa+p~, ~ny inN.~s~ ~M.~in o~ pat N+N~oi, in ~M apprpa~ ~wn ~fae~i~d M~ao~N N~~of, ~l411 cont~in tM uwal u~ndxd ma~qpN ci~us~ o~ wch aM. ci~ tM Mw~qpN nwy ~pur~. nu?Mp ~M ~ws unda ~~NI po cws. ~+ch ~nd ~vwy. v+wb?~ w said AWRTGAGEE a~:: =n~era~ inay ~pp~n. ~nd ~ach ~nd ~ve.y ~ucA poncy ~MII b~ p.on+pNy u~ pn~d w+d d~~iw.~d ~ ~ny h~ld by 'w+d MCIRTGAGfE ~s 1w~hN wcwity to ~aid mor~9ap~ de~t. u~d, ~W I~u ~Mn N~ l1~ days G+ ~dv~~a oi ~M ~ap?r~tion ol ~Kh pO1Ky. w d 1~ ~e wid MORTGAGEE ~ ~~w~l tMrwf, ~opnh~~r wieh • r~c~ipt fp th~ pnm;wn of wch r~wa1; ~nd ~Mr~ ~Aatl b~ no fu~ w winds~a~n inw.~nc P~KNI OI~ M1y 01 Nid buildinOf, My Gfq7q1 NN~w1 Of pift thNlO/. Vnl~f~ i•~ t1~f 1Wrn ~nl~ wi1~1 tIN IOq p~y~blf ~f ~Ip~iail~: MK~ in~11N fvMl My fun of mo~y becorM~ payabl~ w?dw wch pol;cy or polKi~s said MORfGAGfE ahall Mw rM opr~on ro receiw and appty ~h~ s~ on ~ccoun~ oi the ind~b~ed M1f fKUr~ lyf~y or q pKmH faid MORTGAGORS fo reuiv~ u~d us~ N a any pa.t +herwl Iw oihcr purpo~es. w~~rwu~ ~hMeb~ wa~~~~,9 0. ~~np.~. ~np ~nY p~~ry. li~n or r;qtit w~d~r or by v;rtw of this mortpap~: and i~ tM ~wnt sa~d MORTGAGORS sh~ll for any rtawn f~il fo kKp t!w taid pr~nite~ ~o iruwed. a/~ll b d~1ivK promptly a~y of uid polic~ o) inwruK~ 10 ~aid MORTGAGEE. a lail promplly ro pay fully ~~y premivm tha.~fa w in anY rypee~ fail b pN(pery dixha~y~, ~xKVq, ~ffKl, eompl~N, oomply wi~h and abitl~ by this tovte~ant, p aey pa+t h~r~of, s~kJ MCvR~:,:.GEE flNy PIKf •M~ P+Y fa t~+ch irawar~ w any pan ti+wwf wi~hout w~ivirq or aifectinp ~ny oprion, li~n, puiry~. or r:ph~ vndN a by vi.tw of ~his Matya~, a~d the fulf ~nwvnt of each ~nd ~wry wch p~yenMt sh~ll b~ immsdiat~ly dw ~nd payabb and shall bNr {nter~s~ from th~ dat~ tMrwf until paid ~t tM rab of n~ne pK cantum pK ~nrwm ~nd to~ethe~ wi~h such inte?est tMli b~ ~etured by IFN li~n of this ss~wtQap~. 1. To permit, c~ommit o~ suff~r no was~~, impairment a detetaration of qid prop~rry or ~ny parf tlwrwf. - S. To pay all u~d sinpula~ tM coab. cha?p~t and eapa+ses, includirp a i~asonabk a~tan~y i fe~ ans! costs of ~bstr~cts of titl~, inc~rred a p~id at +~y ~ims by sa~d MORTGAGEE, b~cavs~ or in th~ ~vent of tl» failur~ on ~h~ pan of tM s~id MORTGAGOR to duty, promptly ~nd fu11y pe~fwm, d~xharg~ execute, aifect, complet~, compiy w;th and abtde by ~ach and every the ~tiputat;ons, ~yreemenn, conditions, •nd ca~rnann of u1d paomiiwry not~ and thu mwrgape am w eiths~. and sa~d cosn, charpes ~nd ~xperws, each ~nd wery, iMtl be imm~diaroly dw and payablr, whetl?er a not there be notKe ds mand, att~rnp~ to collsct or wit pend~ngs and riN full anwunt of each and ere.y iuch payment :hall beu interas~ irom the d~t~ tMreof un~it paid at ?he rate of nine per ccntum per arawm; and all said costs, charpes snd expenus inturred w paid, togelher w~th tuch intsre~L shall bt sK~red by the lien of thi~ ^wrtq+p~• 6. That (a) in ?h~ event of any bre+cF? of this Mwtyspt w default on ths pa~t of tM MORTGAGOR, or (b) in tM eve~t ~ny of said sw~ of money herein r~ferr~d to ba not p~omptly ~nd futly paid within tAi~ty i30) days oext afte~ the ssme severally become dw +nd payabl~, wlthoW dema~d w notice. a(~ in the ~vem each and every the stipulations, ~greemsnn, conditeons s~+d covensnn of sa~d promiuory note ~nd this mortppe any o~ eithK ~n no1 iuly. promptly and fully performed, d~uMryed. execvted, eifected. completed, complied wi~h and abided by, then in eithei w a~y such ew~t ths sa~d aQ~ Qregat~ wm mentioned in said promissory note then ramainirg unpaid, with interest ~cu~red, and a11 moneys tetvred hereby, sFWII betome dw and pay~ ebl~ fathwith, a thereafter, at the option of uid MORTGAGEE, as fully and completely as if all of the said s~ms of monay were aigin~lly sriputated to be paid on such day. ~nythi~ig in utd prom~uory note w in this Mwtpage to the comrary notwithstandin9; and thereupo~ a thereafte~ at rhe opt~on of said MORTGAGEE. without notice w demsnd, suit at I~w w i~ puity, tFkrefwe w thereafter beyun, may be prosecuted ai if all moneys sact?red hereby had maWred pnot fo iri institu~ion. . 7. That in tM event that st the beginning of or st sny time pending any svit upon this AAo+tgage, w ro foreclos~ it, w ro reform it, w to enfwce payment of ~ny claims hereunder, said N10RTGAGEE shall ~pply ro the Court having jurisd~nion thereof fw the ~ppe;ntment of a Rcteiver, such Court shalt Forthwith sppoi~t a receiver of said mortgaged property al1 and sinpular, includ~ng atl and singular the income, profits, issues ~nd revMues (rom whatever ' tourte de?ived, eath and every of whicM, it beiry eapressly u~derstood, is heteby mortgaged as if specifiully set fpth and described in the yrantitq and nabe~dum d~uses hcyeof, and suth Reteiver sMll f?ave ~II Ihe boad and effective functions and powera in anywise entrusted by a Covrt to a Recaiver, •nd iuch appointment shalt be made by such Court as a~ sdmitted equity and a matter of abwlute right to said MpRTGAGEE, and without reference to the adeq~acy or insdequacy of the value of the property murt9sged or to the solvency w in:olvency of said MORTGAGOR or the defendants, and that such renrs, profiri, mtome, issues and revenues iFwll be apptied by such Receiver accwding to the tien w equity of said MORTGAGEE artd the practice ot such Court. 8. To duly, pr«nptly and fully perform, d~uhargs, execute, effect, complete, comply with and ab'Kk by each ~nd every the stipulations, agreemenri, conditions and covenams in said promissory note and ~his morty~ga set fath. ~ 9. TFat in the event the ownership of the mortgsged premises, or any part fhereol, becomes vested in a peno~ other ihan the MORTGAGOR, ths MORTGAGEE, ib sutcessors and assigns, may, wifhout notice to the MORTGAQR, deal with such sutcessor a successor in interest with refere~?ce fo this mwtgage and the debt hereby secured in the same man~er as with Mortgsgor without in any way vitiati~g or dixharging the Mortgagors' lisbility here- under or vpon the debt hereby secured. No sste of the p~emixs hereby mortgaged and no forbearante on the part oi the MORTGAGEE p ih successors or suigrn and ra extension of the time fw the paymem of the debt hereby secured given by the MORTGAGEE a its svccessws w auig~s, s~',all operate ro rekase, disch~rge, modify chanye o~ affect the original Iiab~Gty of the MORTGAGOR herein, either in whole or in pa~L t0. it is spec:iicatiy agreed that time is of the euence of fhis cont.act ~nd fhaf no waiver of any obligatron hereunder or of the obl'gaYan ~e- cu.ed hereby shall at ~ny time thereaftn be held to be ~ waiver of the terms hereof or of the instrumem secu?ed herby. , 11. In add~tio,~ to the fwego:~g mo~thly paymems of princ'pal and interest required by the promiuory note secured hereby, mortgagor coveoantt and agrees to pay to mortgagee with each monthty payment an addiriwisl sum esrimated by mortgagee to be equal to 1/12 of the annual cost of the follow- irx~: . A-All real property taxes levied w assessed againsf the above described real estate_ B-Premiums on fire and windstwm insurance as herein ~equ;red to be carried on the improveme~ts situate on the sbove described premises. C-Premiums on such mortgnge gwranry insurar,ce as mwtgagee shall f~om t~me to time deem fit to ca?ry on the loan secured hereby. Nlwrgagee shall f~om time to time notify mortgagor in writ~ng of the amount due and payable hereunder and su~h sum shall th.:reupon be d~e and FayaWe on tke due date of the next month:y payment and each successive month thereafter ur,til mwtgsgee shall notify mortgagw of a change in such amou~t. Such sums shatl be applJed by mo~tgsgee toward rhe payment of rea! propeaty taxes, insvrance prem:ums, and mortgage guaranty iosurance premiumS. IN WITNESS WHEREOF, the said MORTGAGOR has hereunto set his hand and seal the day a yesr fint sforessid ~ Signed, Sealed snd delivered in the pre of: ' c Witness ~ _ hp~ F'rederic . c illan n ' ~ ~ ~ Witness ~ % : Daroth . MacMfllan . ~ STATE OF ~ I Q~ j d~ . I'i COUN?Y OF # ~ j Befwe me perswal{y spp~sred Frederiek 1. Ma?cMillan ~ ~~9t~lY V. 1?'jB~C~llari his wife, ro me well known and known !p en~ to bs ~ the individuals described in and who exec~ted ths fa inatrument, and ackrwwl ~^D edgcd be4ore me that they executed the sarn~ ~fq NM -PwP~~ D roth V. MacMillan rhe.ei~ .xp.eased. Md the sa' ~ ~ „,;r~ Rrederick J. MacMillsn ~ ~~p .-'_"'1 exam~nat3on by me taken separate and speA from her said Fusband, acknowl~dyed ro•nd befwe rrw ther :he exer•!ad sa;d ~n~~ . raril and witiwot ~ _ , • • Y ny compuls'an, constraint, ~pprehensan, p~ fesr of or from her tsid husbsncl, . ?i~ ~7:~- WI1NEU my h~nd end official seal th;~ J~ da of A~~~ '4'.- y • ~ 19~ ~ . . i ,_I . Not Public in and fp M te of'~j$N - My Commiuion .xpir.s: f , , q • ~ ~ Return Ta ' First Fader~l Savir~s i lw~ Associatan ,'~TAftY PU9LtC `~1~ATE UF ~LOKIUh NT LAI~,;"'"~~• Of Fort P~erce. MY GOMM+S3it2~1 EXPIRES t.i;-.R. 2, I97 ` ~~i~ ~?~l~lERAL INSl1RANCE I;NDERWRITEiLS. l~ . fo~t Pierce, Ftorids ' ~o ~~o R~ca ~ This Instrument Prepared By: John W. Collins i,~~~ ~p~~n~ ' First Federal Savings b Loan Association ROCE~ -ptTRAS ~ . of Fort Pierce ~ Florida 33450 RECQRD Vra~t Ep ~~RT ~t ~ --_~~1~¦~~ Checked By ~ t~ IZ 39 PM ~r1 ao~C ~1 ~g . , 258 ' ~"~x y' :z _ . _ _a .q~,. ' a. ~:e~` - :