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HomeMy WebLinkAbout2517 . • ] te a«s ~n0 co~~M.,o..s~r lrep on rne b... d,•,9~ n~.a a hr+e~~~M s~~.,~+e a> >~~d i~nd ~~A o.~ ~q„p~nen~ ~~+d pe.sawtl~ cov~.~d b~r Hu~ n~a q~, Mrah ~ p~ta~+v~+.s th~~eow pad .n I..~i, f.re ~nt..r~~.ce .n rM .,wa! ~fi~d~rd po.K~ IMT, M• wn~ ~Hy+o.~d br ~M MOR~GAG(f. ~~+A w~~O~~o ~va.~ce Nr ~nwl sf~nda.A pc?..c~ ~a~~ w, • wm ayp~o.~d ~r :n~ MOt~WGiE. a~ wc6 cw~:~~~ a ca+wa~,.h a r?+~ NEORIGAGEE ~ d++p: ~nd ~11 f.r~ ~rd ..~d??an, M~Vta+c~ po!.c~es on ~n~ of ?~d bw~O.•~ps, ~n~ ~nte.~~~ rlw~re~n e~ ~v.t the~eol. in the p~~ep~~~ wn~ ~faeNd n sacep Me.c~•i. N~l1 con...n N+e ~wai u~~dad ma~p~ee c~a~s~ a svcA o~ha c~wse ~M Ma~pa~e~ m~y req~.r~. m~?~np ~?.r ~o~~ u~+de~ ?~•d po c~ea, e~c~ ani! Wrab•~ a sa.d MJRiGAGEE ~nrc.e?t ..wr ~pc+~. ~nd cxl~ and e.•e~y svch po ,c~ .h•H be p~a~p~~~ a?ti q~ed ud de:~vc~ed ~ a+y h.id by u.d iYtOttGwGEE N~u~tlctr 1KW~Ir 10 H~ ..wr~~aQ~ deot. ~nd. nW less +han ~~n l10) da,ra =n ad.i.~ce of ~he eap~r~~wn o~ lKI1 pO1KY. 1o d~ I~vrr ~p a~,d IIM'KTGAGfE • re.+ewai rhereof. ~ope+lw wuh • recap~ fa the p~.n.wn ol wch ~enewai; •~~d ~her• ~h+;l be no f.re or w~r~d~w«n insvranc P~~ad on ~ ol s~~d bu.~d~.qs. any MINl~i fl1~flM or pa~ ?Aeaeol, ue+less ~n Nw form ~~d w~rh tlw :oss payab7e a~ afwe~a,d: and in ~F~t •venl •ny w~ ol ew~ey becomes parabse w~der wcfi paK~ or ,.vlK.es sa~d MORTGAGEE ~A..II !?~v~ ~Fw op+.on ~o .ece~re u.d app".y ~ht s~nk pn accoun~ ol ~M i~xieb~rd ~ess ~ecwed haeby a b perm~t s~~d NlORTGAGORS ro reta~w ~nd vse it w sny pa,~ thrreof rw c:r~•:r Hv., cscs. .•.nhc.,f ~h:~.u~ wa~.~ nnp,.~~ ~e+~ ~ny eq~•t~r. ~+en a~:She unde~ o. by vur~.e oi rA~s mc:'pape: u~d in ~he *vem sa,d MORTGAGpRS shall for a~y r~a~on (ail to kecp ~he s~~d p.em~sn so ++wred. or fwl ~o dcs„c. prompHy any of sad polK:es ol inwranc~ to sad MORiGAGEE. w fad promptly to pay fv~ir awy pra~,~~m therefor a in anY respea fait to per}w~a, d+uhuge, e:ecure, eltea, comptaie, co.-npiy wirh ud ab~d~ by this covrune, o. any pa~~ hr.eo(, sa,d MGRTGAGEE ~~ay p+ace a~~o P+Y Fa such insw+nce or +n~ part tfie.cof w~~hout waivug or ~fteuing any opfion, lien, eqv~ry. o~ ngM u~de~ w b~ v~r~w ol ~F+~s Mort9age. ~~d ~hc futl aewwa of srch and tve~y such payment sh~11 be ;mrncdutely dw and pay~ble and sMll bear i~teres~ Irom ihs date ~hereof un~il p~~d at the rate ol n.nt p~r ~t~en pe~ arvwm and to~ether wAh such +neeres? sha~~ be srcured by tt~e lien of thii mort9ayt. To permit, eommit w wife? no w:s~e. impairment a de~aa.+tan of uid property o~ any pat the~eof. 5. To pay all and sirgula~ the costs, chuges and eapenses, inc~uding s reasonabk attwney's fee and cosrs of abstracts of title, incuned w paid af any time by sa,d MpRTGAG:E, becaux w in ~he event of the ia;lure on ihe part of the said MORTGAGOR to duly, prompNy and fu7ly pe~(o~m, d~xhargs. e,ecutq efiect, ~en,piete, compty w+1h a~d ab:de by each snd every the st~pulanons, agreements, ca+d~tions, a~+d covenann of said promiswry ~ote u+d thi~ +rw~t9ape anr a e~~her. and sa~d costs, charges and espenses, exh and evcry, shatl be immed'u~ely due and payabte; whethe. a nor there be nonce do- ma~d, anempt ro cotiect p wit peodirg; u?d the full art+oun! of eacA and evcsy wch paymcro shsil bear interes~ from Ihe date thereof until paid at the r~fe o~ .une per crr+fum `YCf a(1~IyT~ and all sa~d cos~s, charges and ea~nses incurred a paid, together wuh such inurest, thall be secured by the lien oi thu 'r'or~D~- 6. That (s) in tf~e event of any b~exh of this Mwtgage or default on the part of the 14AORTGAGOR, or (b) in the event sny of ssid wms of money herein referred to be not promptly and fully paid within lhirty (30) days neat after the same uverally become due and payable, without dem~nd or notice, or {c) in the eve~?t each and every the stipula+ions, agreements, cond~Tions and covenants of sa:d promissory note and th~s mortgage any a either sre not iuty, porry~rly and fully pertormed, d:xharged, executed, e~fected, compkted. tomplied w~~h and ab~ded `ay. lhen in either or any such eveM the said ag ~•egate wm mentioncd in sa`d prom;sso~y nore thrn remainirg unpa~d, with interest acuued, aod atl moneys secured hereby, thall becwne dua and pay- abte forthwi~h, Of /IIlfN~tK, at rhe opr;on of said MORTGAGEE, as fuily and complerely as i( alt of the said sums of mo~ey Mrere aiginally st~pulated to be pa;d on suth day, anything in sa:d prom:ssory ~ote or in this Mortgage to 1he connary notwithstanding; ancl ~hereupon or thereafter al th~ option of :a~d MORTGAGEE, witFaut notice w demand, wit at law or in eq~ity, therefore or thereafter begun, may be prosecuted as if a!1 rr~w~eys secured hercby nad matured prwt to ib irntitutiw~_ 7. ihat in the event that at the beginn~ng of or at any time pe~ding any suit upon this Mwtgage, or ro foreclose it, w to refam it, or fo e~force Fayment of any da'urs he.eunder, said MpRTGAGEc ahatl apply to the Courf havi~g jur~sdrcfion thereof for the appo~ntr?Knt of ~ Receiver, such Covrt sha!! fortl>wit!~ appo:nt a recelyer of said mortgaged property all and singvlar, includ~ng all and singular the income, profits, issues and reven~es from whatever seurce detired, each and every of wh~ch, it being eapressly unde~stood, ~s hereby mortgaged as ~f ~pec~fically set forth and desuibed i~ tfie graroing and haber~dum dauses hereof, and such Receiver shalt have al! ilee b?oad and eifective func~.ons arxl powers in anyw~se entrusted by a Court to a Receiver, end s~ch appoinrment shall be made by such Court as an admitted equity and a matter of absolute right to said MORTGAGEE, and without refere~ce to the adequacy a~ inadequacy of the value of the property mwtgaged or to the so~vency w~nso:vency o( said MORTGAGOR or fhe defendants, and rhat such ~enu, p~ofin, incpne, issues and revcnues shall be applied by such Receiver according to the lim or eqvity of said MORTGAGEE and t'.x pradice of s~ch Coutt. 8. To duly, promptly ard futly pe?form, d',scharge, execute, effea, complete, comply with and abide by each and every the stipulations, sgreement:, canditioro arK! covena~ts in sa~d promiuory nere and th;s mortgage set forth_ 9. That in the eveM tF~e ownership of the mortgaged premises, w any part thereof, becomes vesttd in a person other ihan the MORTCsAGOR, the MpRTGAGEE, in wccessors and assigns, may, without notice to the MORTGAOR, deal with such successor or succe:sor in intere:t with reference fo this mwt9age +nd rhe deb/ hereby secured in the same manner as with Mortgagw w;thout in any way vitiating p dixharging the Mortgagors' liability herr un~ pr ~pan the d4bt hereby secured. No sale of the Fremises hereby mortgaged and no fwbearance on the part oi the MORTGAGEE o~ its succeuors or assigns and no euension of rt~e f;me fw tFro paymenf of the debt hereby secured giver~ by the MORTGAGEf or +ts successors or auigns, a.'tiall operate ro release, d.xharge, rtadify change or affect the wig~nal liability of the MORTGAGOR {xrein, eithcr in whole or Fn part. 10. IT is specifically agrced that time is of the essence of fhis contract and that no waiver of any obligation herrunder or of the obligaYan se- cured hereby shal~ at arty tirt~e thereafter be held to be a waiver of the terms hereof or of the instrumeM secured herby. 11. In add;rio~ ro rhe forego'r~g month!y payments o( princ'pal and inrerest required by the promissory nore secured hereby, mortgagor covenants and agrees to pay to mo:tgagee writh eath monthty payrnem an add~r~onal sum est~mated by matgagee to be eq~al 1a 1 j 12 of the anoual cosl of the follow- ing: A-All reat property taaes levied w assessed against tM above deuribed reaf estate. 8-Prem~vms on fire a~d windstorm inwrar.ce as he~e~n requ:red to be carried on the improveme~ts situate on the above described premises. C-Premivms on such morlg3ge guaranty ir.surar,~e as mortgagee shall from t~me to time deem fit to carry on the loan secured {iereby. Mortgagee shail from t~me to rime notify mwtgagor in writing of the amount due and payable hereundrr and such sum shall thereupon be due and Fnyable o~ the due date of the next monthiy payrnent a:ed each successive month thereafter urtil mortgagee shal) not;fy mortgagw of a change in such a~:ount. Such sums sF.a:l be app}ied by mwtgagee toward the payment of real prope?ty ta:es, insurance prem:ums, and mwtgage guaranty insurarxe p~emiuml. . ~1`N YIiTNE55 WHERfOF, the said MpRTGAGOR has hereunro sef his hand and seal the day and year {irst aforesaid. ~ 6i ed, Sealpd and d R e~e~d in the presence of: y " is' ~ ~~.----~--($esh ~ (Seaq n~/~ S5ea4 ~Sea~ STATE Of FLORIDA ~ COUNTY Of St.. Ii1C~ ~ 1 8efae me personslly appeared~ ~1Q038 ~'i • LO(~C@ a~ ~OC'kA his wife, to me well known snd known to me to be the ~ndiv~duab destribed. in ~nd who exccuted the foregang instrument, and atkrwwledged before me that they executtd thq ssrns for the purposes ' therein expressed. Md the said ~tA S• I~OCjCA ~ife of the said T}]OWd3 Ci• TQCkB •b~iid~1'af!P+t+~r and private exam~nat;on by mc taken separate and apart from her ssid Fwsband, a~kopwledg~d tp and be(ae me that she executed,fai¢ i~trur~snf.fresfY and voluo- ra~~Iy and without any compvlsion, cwutraint, apprehens~on, w fear of w from her said Iwsband. ~ j - WITNESS my hand snd official seal thi: 28th da of A , ~ 71. D. 19 7~ " , - Notary Public in and for ~s Stit~ 'F ' s~st l~rye My Commission expires: • • Return Ta ' • ` ' fint Federal Savings 3 loan Asscciat~on NOTARr PUBII~y FIORIDA ~t 1ARGE Of Fon p:erce. MY COMM1SSi0N E7(PIkES SEPT. 25. 1975 Fort Pier[e. Florida . ~4~ ~ ~~~A ~ ~ ~,N~ RECOaot~ This Instrument Prepared By JOhT1 N. Collifls Sj~~1~IC1E COUNIY fU• C First Federat Savings b loan Association . R06ER PO~~~s RT. of Fort Pierce ~ F1ol~ida CtfR YER~F F~ C~ ~ RECOR~ Checked By O R • ' 2 1S i M~~~ se~201 ~2514 - . ~s~s 1G 3Lwi^V~2 Y _ _ ~ .~"7~'a.~.. _ . ,i-