HomeMy WebLinkAbout2519 .7. IO p2N~ aa: ::nn~~ro~~~~ ?eep pn the t.,, J.•.p~ nar a 1~e~es!~~. ~~~~~M o~ »•d ,~~d ~~~d un .~q.,4„ncM pww,~ti~ co.~+ed O~ Ms w.s
W~th ~I) w~mium~ eherron w.d ~n fu!I, }~re u~f~r~rxe m r?~e w..~; at~rdr~d po'KY IO~T., M• s~m ~YWowd 4• N~e M:lk~v~.GEt v.d ~~~~r~c
~n?w~nc~ in ~M uw~l .~•'xf.~d poj.cy lan~, m• s~m a~~uo.ed a~ +M MOR3W?GEE. x~ s.,cA c~,y.a~~ o~ co-~.j~u,.w ~++~e MC~7:,~~.Gf~ .A
duec~; ~nd NI (n~ •nd w.ncl~~orm uu~rMte po:~c~et an ~nY ol ~~~d bu~~d•~yt. ~ny inte~rsr n+re..+ o~ Fv'~ N~oreo~. ~n Mt ~~p•ry+~e wT ~+aewd
1n ~a~cei~ thenoi, ~MU co~~•~n ~h~ u~w1 siMldad mori9•9~e u.v?e w s~<h o~he~ c~•vse af ~M Mw~~.,~Ce .n~r ~cV„ee, r•~a1..~p +*~e ~c.w s«i i+o
c~. exh ~nd ev~ry. parab:~ ro sa~d MORiGAGtE a.H ~n~~vc~t mar wpear. ~~d cach and e.c~r ~~fi D~ .cv j+~r yfw~p~~r e*d de•••r«e
~n~ MW by u~d AM1OQIGAGEE ~t 1u.eAer ~rcv~,rr ~o ~,d n.o~~p~pe debt. ~nd. npt 1e~s ~?yn +e~ ~1Qt da~t ~.~,.ce d+hs e?p~K.on o~ es~+ ye,{r. ~o ~
IivN to ta~d MORiGAGfE a.enewal the.wf, ~o~e+Aw w~~h • ~ace~~ for the pr~+r.,wo of ~uch +enrw~.: •~~d~t~e+e d~a~! oe ro i•s w..~aaw~ .*ws*c
plKed on ~~y ol s~~d build~n9f. any inte~ef~ the~em w part ~he.eof. untrss ~n rM torm ar~d w~th ene .ass p~~.b1s ~t ~fue?.d, ad .n M~e c.e~r e*qr w
of moe»y becpnes payable u~de~ s~.ch po1Ky a poi~ues ~~~d MORTGAGFE ahail Fiaw ~Ae op+.on ~o rrco~.r o:~d e~:'.~ +ne s~~•~c on ~c;.o.,~ 06 ~.~eec++~dl
~ets Ntured Mreby p to pxmil saH1 lNORTGAGORS Io recr~ve •nd uN it o? anY Var~. ~lK•:cof ~o• o~~~.. :n.s ~_r c
~rq sny puity, liQe? p ryht undei or by virtve of Ihif morep~y~; •nd in the evem tiad MORTGAGpRS ah~!i !o~ any re~son f~l fe lrep N~e s~d pe~~ses so
~nsured. a fail 1o d~tive~ promp~ly a~y of said pol,ues of ~rqur~nce ~o s~~d MORIGAGEE. o~ fo~: p:o~,pT~~ ~o ~,ay fu,:~ rn~ p*r rnr~e%w o. r, ~•.f
respecl (ail b ptrfwm, d~scharge, exccuie, e~feci, comptere, comply w~rh a~d ~b.ds by thy core~a~~, w~ny p~ti iwreoi, frd 1AU.2iv~f ~ur p+2r • o
P+Y ta s~ i~?surarKe a~ny part thereof w~thoul waivinp p affMiny ~ny ppa.on. I~en, pun~. or r,~M w.de~ o~ b/ v~.~us oi t}u~ ~r~~a~e, ard ei~
full ~mounl of each ~nd every suck payment sMll be ~mmed~Nely dve and p+y~bfe ~nd ahasl bear in~er~ from rM da+e d,oroof uma p~d ae v,e sa~s o~
mne per centum per annum end togr~h:r w~+h such imeresr :ha~~ be secured by the lien of t!~'s hwrtpape. ~
1. To permif, tommit or iuffer no waste. impairmem w detcrioration of sa~d prope~tY a? +^Y p+?t tlic*eof.
5. To pay ~II u~d sinpuiu the costi. ch+rpes and eapenses. ;r~clud~r~ a reaso~abk morney i fee and wsn o4 abstraets of r'ek. :ncu~ed o~ p+?~d a~
any time by iaid MORTGAGfE, becauu o~ ~n the eve~t of the fa~ture on ~he pah at ~he seid MQit(GACsOQ ro duly, par~pely r~d f„tir y~:...--. ~.~.,~c
e,ec~te. elfett, compld~, comply w~fh and ab:de by each and everY the s+~p~,t~~wrts, agreen,enK. cond~t:or~. and covew~s d sa~d ~xo~•~rso.~ .+o~e rd ~~s
mortgage any o? e~~her. and sa~d cosn. cFWrgrs s:.d eapenses, cach and every. sFrtl be ~rrwr~edu~elY due and P+rabk: nA+r+he. or ea ~1~*e be wo*.rs dr
mand, attempt to eolkct w suit pend~rg; and the fv!! amounf of each ind every svch paymero sF~a!! be~. ~nterep fro~w ~l~e dNe tk~ereot unai p,~d ar N~e
rate of nine per centum per an~iu:n; a~id all uid cv,;;, charges and eapenses inturred a pa~d, together nr.th such .raertst, sh~ll be set~,rtd br ii~r ;~en af dy
mortyage.
6. That (a) in the evenf of any breach of thit Mortga9e or default on the p~rf of the MORTG~+GOR, or in t~+e evenf any d ss+d swws d nweey
herein referred to be ~Ot promptly •nd fully pa:d within th~r~y (3p) d~ys neat a4~er the san,e severa:~y become due and paYab)s, a,.~shout ddnr,Q er ~,ce,
or (c) in the evem each and every the stiputat~o~s, agreesnems, tond~tion: and covsnanrs of sa,d p.a*usso.r rwu a~d ria +no~lp+~e arqr o~ e+~ei re nw
iuly, promp~ly and futly perfwmed, d:uharged, execu~ed. effec~ed, compkted, canpl:ed w:th rnd ~b.ded Sy, then in e:ther a a~y w~d. ewar Mie s~+d ag
gr~yate wm meMiontd in said ptomissOry note thM remaining unpaid, with iMerest atuued, ud a11 erpe~yt ietured frcteb~r, f1yl1 be~o~ ~K ~r~
able forthwith, or thereafter, at the oprion ot sa+d MOR7GAGEf, as fully and compkie~r as if •U of ~he sa~d a,xns e3 ..~oner r,ere ar,q,n~;}r ~r,p~,;~ted
ro be pa~d on such day, anything in sa:d prom~sswy note or in ~his Mor~gage to the con+rary nWw~riutand~ng; and thererrpon ar t}rcre+fier a~ f~e op~,on e~f
said MORTGAGEE, without notice o~ demand, suit at law a in equity, therefore a riiereafrcr bepwa, may be pro~etwed as if afl usyKys s~c~K~ 6p~fpy
ncd matured pnot to its inatitutior~.
7. That in the event that at the beginning of or st any time pe~d~ng any w~t upon ihK Nlwtg~ge, or to forsclo~e ir, ar to rtfaiw A, or b e+do?ts
payment of a~y tia~ms hereunde~, said MORTGAGEE shall apply to the Court having ~ur~sd:cr~ thercrof fw rhe appo.roeruM pf a qrceirer, y~cf~ ~prrt s}y~)
forrhwith appoint a receiver oi said mortgaged property all and singular, inct~d,ng atl a~d t~~gu~~r the ir~come, pcof.K, i~sues and rerenares lrom wl~atsrp
source da~ved, each and every of whrch, it being eapressly under:~ood, is he.eby mo.~gaged as if apec:f;ca1)y se~ forsh ard do~ar,bed in ~e ~rarp,rg and
habendum c~auses hercof, arnf svch Rece+ver shall have al! fhe b.oad and effec~~ve funct.ons a+d powers in ar+ywne e~wutted b~r a Cowt to a iecoivp, ard
:~ch appointmem shall be made by such Court as a~ admitted eq~ity and a matter of absolutE r:gM !o said MOttiGAGEE, a~d w+thcwA ~efertr~ct to the
edequacy a inadequacy of the value of the property mwtgaged w to the so;ve~cy or ~nso~ver+cy of sa+d 1NOR7G~?GOR or t1.e detrnda~m rad ~laie such
renu, profits, i~cane, isaues and revenues shall be app{ied by such Receive~ accord~»g +o the lien or equ~t/ of tad MORTGAGEE r~d the prad.cs of y~c}~
Courf,
8. To duly, promptly and fully perform, discharge, execute, effect, comptete, compty with and abide by ead~ and erery thr ff:pulatiaru, aqr~,
condifions and covenants ~n sa~d promissory note and th~s rROrtgage set forth.
9. Thal in the evem the ownership of the mortgaged premises, a any part thereof. ~pr~ vKt~d in a perwn oth~er tfian tl~e MpQTGAGOR, ths
MORTGAGEE, its successors end assigns, may, wirhout no~ice to fhe MORTGAOR, deal w+th such wcceswr or succeasor ;n ;nfhESt y„irA ~~{t,anu sp Hrs
moftgage and rhe debt hereby secu~ed in rhe same manner as with fAortgagp without in any way rit:.s:rq pr d~schyg',rq th~ //{prtssgors' li+b~~Ry herr
under w upo~ ~he debt hereby secured. No sale of the prem~ses hereby mwtgaged ard no fortxsrsnce en the pin oi r?+e )AORiGf.GEE o. in s~vues~c~rs
or assigns and no extension oi the time fw the payment of the debt iwreby secured givtn by !he /A[>RJGAC+EE Qs its succsstcrs or ist;pns, s;r.~11 o~,eratt
to release, d~uharge, modify change.or aifcct the ory~nal Gab~irty of the MORTCsAC',OR here~n, tither in v~hok or in put-
10. It is specifically agreed that time is of the essence of .~his convKt and that no waivd of arty pbS`g~t;p~ hp~~~ a d the ob:i~stlon st
cured hereby shal! at any time thereaher be held ro be a waiver of tix terms hereof w of the inttrurr~ent seair~ he.by,
11_ tn add~tion to rhe forego'ng monfhly pay.renrs of princ;,a! arvJ interest requ~red by tFK pror-;'ssuy ro'e s~cu*tK! htrtb/, mori$~~r coaenants
and ~±•Pes to pay ro mongagee w~th each momhiy payriem an add,r~onal sum est~mated by mortgagee to be eqwi t~ 1 j 12 of thr sn-.us1 cost of ti~e foiipwr-
ing: +
A-All real property taxes levied or assessed agaiost the above desc.i~ reaf estate.
B-Premeums on fire and windstorm :nwrar.ce as nere~n requ;red to be urried o.i the :m,-xove•r~.r.w <~~•.ate en the ~yvit d~us;bed p~,
C-Premiurns on wch mortgage guaranty insurar,ce as mortgagee shail from t:me to ti.n~ deem f'rt to sasryr on t4~e ban seuutd hereby.
Mwtgagee shail frwn time to ti:ne ~otify mortgagor ~n writ;ng of the arr.ou~t due and payable herevndzr and v.xh w-n shsfl thtre~porr be du~ snd
Fayable on the due dare of rhe next mor+thly payment and e~ch successive montb there~ftn until mortQape~ slyl! notAy n~tgy,~ p~ ~~yr,~
amount. Such sums sF.all be applied by mor:gagee toward the payment of reat Qroperty faaes, insw~nc.e pr~m;urr~, ~r~s~ Q~rxqy My~~y~
p~emiums.
IN Y1ITNESS WHEREOF, the said MORTG GOR has eunlo set his hand and seal the day and yeu fi?st storssaid.
Signed, Sealed and delivered in the pr of:
rr .
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~~1~ P. Newiaa
5 TE OF FLORIDA ~
COUNTY OF St • L1~C 16 ~ -
eefo.e me pen«wuy .ppea.ed Wayne E. Nelraan ~
Pa1~~C1 P• N@Wm8I1 ' hrs w~e, to e~t we3! koow~ swd known to ~t b bf
the individwls described in ~nd who executed the foregoiny instrument. ~ acknow{edpcd be(ore me that they esecuted tttir same for the ~wppses
rhe.ein expressed. And the sa~d Pa~ela P. Newnan
w~fe of the sa~d Wayne fi. Ne~an '
examinatwn 6y me taken separate and apart icom he~ said husband, ~cknowledped b and befo~~ r~ that she euwted s~id w~str p~ ~d ~p,
rarily and without any cpmpulsion, torutraint. ~pprehcn?s;on.`_ fear of pr from hp saiQ
WITNESS my hand and official seal thi: ~L L_ ~ o{ -
Y O, tL~li./
, Nw Pub~:c in ~nA f • 3~~ of f!0?i~ p.lar~e.
RNUro To: MY ission ssqres: '
30T . PLi~~.IC STA ~ iI ~'t'!'JA ATU1~
First federat Savings 6[oan Associat~on ~,/.Y CC' :.'1;;~!C~ ` ~ z' 1~1~
or ~o.~ P;e~ce. ~HEiV,I iii:itfr'tA[~ 1NtCtiC.yiur-~s. n+e.
Fort Pierce, Fiorida
ItEL~~ ?ti'-
This Instrument Prepared By E. Bzau» 1E G~~~S
First Federal Savings b Loan Association iO~E~` ~ Lp1M
. of Fort Pierce ~ F2orida 33450 titt~~ ~a L+ED
~ - RECO~p y~ p~ ~~Z
Checked By ~ ' 'L ~ ~ p
doac~ ~~316 2;~3'76
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