HomeMy WebLinkAbout2380 3 To pface and cominuously kcep on lhe tu~:dings now or kereafter sifuate on sa;d land and on aC equipmenl and penonaiiy covered by this mor
17C~ w~nh all p~emw~~is ~hereon pa:d in iull, lire iniurante in the usval ita~w~~rd po:~cy iOrm, in a sum eNpioved b~ the MORiGAGEE, and windsto
~~.suran~e in ihe usual atand~rd ppl.ty fo~m, in a wm appre•.~d by the MORTGAGEE, in such tompany or co+npanies as the h10RTGAGEE m
d,rec~; and at! (fre a~.d w~ndsiorm insu~ance pofic~ea on any of sa~d buiid~rv~s, any ~~taes~ therem or part thrreof, i~ the aggreya~e sum afo~esald
In excess ~hereo(, ~F~all cont.,in th~ ~aual standa~d mo~~gagee clause or such othe~ dacse as ~he Mo~tgagee may requ.re, maMing the ioss undr~ s~~d po
c"~s, each and every, payab'e to sa~d h10RTGAGEE as ~ts interest may appeai, and each and e~ery s~ch po~~cy shall Ix p~omptly ass gned and daiivered ;
h~IJ 6y sa~d :VtOR(GAGEE as f~r~her sewr~ty ~o sa;d n+prsgoge dcbt, a~d, ooi teu ~han ~en (101 days ~n ad+a~~ce ol ~he expuat~on of aach poGCy, to d.
~..er to said t.1pRiG~GEf a renewal Ihereof, to9ethe: wi~h a reteipt for the przm~um of s~ch renewal; an~ the+e shail be no i,ra or wi~tdsW~~n insuranc
i.: ~ced on any of sald o~ild~•~9s, any inte~est therein w par~ the~rof, unleu in ihe form and wifh the Ioss paya6te as aforesaid; and in the eveM any sun
of mon~y ~eco~nea pay~b~e vnder such policy or pol~cies sa~d MORiGAGEE shi~l have ~he opt~on to ~ec_~~ve ond appfy tfie same on account o( the i~~debtcd
~~~SS Si~cutetl h~r~~i~y o~ fo pe~tnit sa~d MORTGAGORS to IeGeivO dnd use if Or any pa~/ tho:eo) ?ot o;n•.~t F:uff.;~Sei, iY~~~liiJ! Ih:•.u/ wc~.~ i3 Cr i~e~pc~r
a~y eq~ity, I~en or r~ght undcr w by virtue of this mo:~yage; and in the event sa:d MORTGAGORS shall for any reason ia~l to kcep ~he sa~d premises so
.~w.~d, or f~il ro d:!~ver promptly any of said poGcies of i~surance to satd MORTGAGEE, or fad promptly lo pay fully any prem;um the~efor o~ in any
r~•s~ec~ fait to perferm, d~scharge, exccute, efFect, canptetr, conply wi~h and abide by th~s covenant, or any par~ h~reof, said MGRTvaGEE may piate a~,d
p~ ~ for such inwran~e or any part the~eof without waiving or affecting any opYOn, lien, equlty, or right under w by virtue oF th7s ASortgage, and ~he
f, :i a~nount oF ea:h and e~ery a~ch payment shall be immediately due and payable and shall bear interes~ irom the date thercof vntil paid at the rate ol
e per cenfvm per annum and to3ethar with such intarest shaii be secured by the Gen oi th~s mortgage.
4. To per~nit, commit w su(fer no waste, impairmznt or deterioration of said prope~ty or any part thereof.
S. To pay all and singular the costs, charges and expenses, including a reasonable attwney i iee and cos?s of absrracts o( tit~e, inturred w paid nt
t~•*:c by s~~d A1QRiGAGfE, because or ;n ~he evem of the failure on the part of tha said MORTGAGOR to duly, pron,pdy and fully perform, d~xharge. ~
•:uta, effeu, comp~ete, to~nply wah and ab:de by each and every the stipu~at~ons, agreements, cond~tions, and covenants of said promissory note and th~s ~
a e an or e~rher, and sa:d costs, char es and ex enze:, each and ever , shall be immediate~ due and s
9 9 Y 9 p y y payab;e; whether w not thcre be nonce dr
-.,•.d, .~tee:npt to coltect or suit pend~ng; and the fult amount oi each and every such payment shall bear int~res~ from the date the~eof until paid at the
o~ n~nr per c_r..um per annu:n; „nd all said custs, charges and ex~enses ~ncurred or paid, together w~th such interest, shall be setwed by tbe lien of tfi~s
rnonqage.
b. That (a) in the event of any breach of this Mo~tgage or defautt on 1F~ part of the :4lORTGAGOR, or (b) i~ the evenf any of said sums of money
h•~rein re(~rrad to be not prompi!y and fully paid within thhty l30) days next atter the sa~ne scvera:ty become due and payable, without demand Or notice,
t~i ~n tha event each and every !he s~ipulations, agreemeros, cond+tions and covenants of sa.d promissory note a~~d th~s mortgage any w ei~he? are no1
~~~y, promptly and iully performed, d,scharg~d, executed, effected, completed, compl~ed with and ab~ded Sy, then in either w any such event the said ag
~ c_~ate sum ment~oned in sa~d promissory note then remaining unpa~d, with inte~e;t aurued, and all moneys sewred hereby, shall become due and pay-
forthw~th, o. thereafter, at the option of said MORTGAGEE, as fully and completely as ii a!I oi the sa~d s~ms of money were wiginal~y st~pu:ated
t;e pa'd pn such dHy, anyfhing in sa:d prom~ssory note or in this Mortgage to the comrary not vithstanding; and ~hereupon or thereat~er a~ the opr~on of
,•.1 MORTGAGEE, wirhout norice o~ demand, suit at law w in equity, therefore w thereaiter begun, may be prosec~ted as if all nwneys secured hareby
r,..d matufecl pr:or lo ~1s instiWtion.
7. Th~t in the event that ar the beginn~ng of or at any time pending any su:t upon this Mortgage, or to foredose it, or to reform it, or to enforce
~~;•nenr of any ciaims F.ereundrr, said MORiG~+GEE shall apply to th~ Coun having j~rnd~CitO:l 1Fl@:eof for the aQpo~ntment of a Receiver, such Cour1 shaH
,.-~r~.vi~fi appo:nl a receiver oi said r~ortgaged proprrty all and singular, ~nclud~ng all and :~ng~iar ihe ir,come, prof~ts, issues artd revenues from whatever
.•cr denvcd, ee;h and every of wh~ch, it being expressty undersrood, is hereby morrqaged as if spec~iicaL'y se! fa~h and described in Ihe g~aroirg and `
t. ;idum cavs~•s hen_o!, and wch Receiver shati have all the broad and effecuve funct~ons end powers in anyw~se eMrusted by a Court to a Receiver, and ;
s~.F~ appGintn-~nt sh~i~ 6e n:zde by such Court as an ad,nitted eqvity and a maner of absolu~e right to said MORiGAGfE, and without reference ro the ~
-_;.,~cy or ~nadeqvacy of ~he valva of the property mortgaged or to the so.vency or ~nsoivenc~ of sa~d MORTGAGOR pr the defendants, and that such
• •s, ~,roir.s, i~xo.re, ~ssues and revenues shall be appiied by such Receiver accord~ng to the lien or equity of said MORTGAGEE and the practice of such ~
C~urL
8. io d~ty, prcmpt(y and fvlfy perform, discha~ge, execure, effecr, comple?e, comply w;fh and ab~de by each and every ihe stipulat;ons, agreements,
,d~nons and cove~anrs m sa~d promissary note and th~s mortgage set forth.
9. That in tF~e event the ownersh;p of the mortgaged prem~ses, or any part thereof, becomes vested in a person other than the MORiGAGOR, tho
:^RTG:.GEE, its successors and assig~s, may, wirhout norice to the A10RiGl~OR. deal with such suctessor or succes:w in interest with reference to this
_~gage ard The d~bt hereby secured in the same manner as with hlortgogor without in any way vitiating or discharging the Mortgagors liability here-
s_r or upon the debt hereby secured. No sale of the premises hereby mortgaged and no forbearan~e on the part of the /~AORIGAGEE or its successors
_•~ss~gns and no extension of the time for the paymem of the debt here~y secured given by the MORiGAGEE or its succeasors or ass~gns, atiall operate
; re~zese, d.scharge, modify change or affect the orig~nal liao~{ity of the AM1ORTGAGOR herein, either in who~t or in part.
10. It is sfec:ficatly agreed that t~me is of the essence of this contract and that no waiver of any obl~gat~on here~nder or of the obligaYan se-
-_d hereby shaL ar an~r time rhe~ealter be he:d to be a waiver of the terms hereof or of the instrumem secwed herby_
11. !n .;d_! f;v~ to rhe foregol:g month!y payments of princ pa: and inrer~s~ req~~red by the prom:sscry no!e s.cured hereby, morlgagor covenants ;
~:i .,3.ees to pay to ~~eortgagee w;rh each month'~ pay~.tent an add:fional sum es~:mated by morrgagee to be equal to 1, 12 of t:1e annual cost of 1he foliow- ~
A-ai! r~a) property rax~s lev;e~ or rssessed agai•isr the aoove describrd real estate. ~
D~- PI,"t:~:J'^s on fire and .v~ndsto~~n insurance as herein requ~r~ to be carried on the improvemenh situate on fhe above d=scribed premises. ~
C-Pr~~-+;u.* s o~ wch mortg;ae guaranty ir.sura~.ce as mortgagee sha~~ fro.m. f ine to time deem ;it to carry on the loan secured hereby. ;
1'.',orrgaqee s~~a'~ !•cm tin;e to tim.e not~fy mortgagor in writ~ng of 1he am,ount due and payable hereundrr arrd such sum shall thereupon be dae and '
.::,I~ o~i th~ c'.:,e c.a!~ o~ ~n= i~ext month:y payment and each successive month thereafter ui:tii mort a ee shall notif mort a or of a cha f
8 9 Y 9 g ~ge in s~ch
;nt_ Sucr su:^s s~a.t i~~ a;:p.ied by mortgagee toward the payment of real property taxes, insurance prem:ums, a~id mortgage guaranty insurance
• ^~ums.
!N Y11T~~ESS :'+HEREOf, the said MORTGAGOR has hereunto set his hard and seal 1he day and year first atoresaid. t
~ Signed, Sealed and d~l:v~ red in e presence of: i
/ c^~,~a- ~ ~
t GLC~ Gi/ -LC~-~ v_i~2Z~L rSeal) ;
~ " ~ ~ Eddie Withers onT ;
• Seaq i
~ \ (Seaq
Sandra Witherspoo ~~ai~
_-=::E Of FIQRIDA
~
St. Lucie u-
. U'diY OF _ ~ 1
Before me pe~sonally appeared Eddie Witherspoon a~
, $a1IC~Y~• {~1T1t~1@ISp001'I • his wiie, to me well knawn and krtown•fp me to be
: ind~~~dva~s dr,cribed in and who execufed the foregoing insirument, and acknowJedged before me That they executed the sa~:'Td~~hb'purposes
~ -._-e~n expressed. And the sa~d ~ndra Withers OIl
`e of tne Sa~a Eddie WitherBpOOfl ' '•up~p s,(~eparate and ptivate
, nat:cn by me taken separate and apart trom her said husband, atknowledged to and bttore me that she execu~ed-{~~ ina~umlint f~~lely af~ vDluo-
~ a~,d w~~hout any compu:sion, constrain!, apprehens;RnF or tear of or {rom her said husband. " '
tYtttvE55 my hand and official seal this_,~_l- ~ day o{ A C~St J ~ ~j, 19 72
' \ i ~ ~ . y ' i~, .
~ ~ _ l `
Notary Publit in and fo~ t Stafk Of Fbrids~~~Cbrar ~
My Commission expires: ~ ~ t,~ti~ ~ _
Ref~rn To: ~~~~~~J / '~y:~~..
CJ
F:rst Federa7 Savir:gs 6 loan AssociaT;on -
pt c. p
Fc~r P~:•r,~, F:on;~, f LEG ANC RECORDE~ ~
5~~ WCIE GOUMtY fLA.
ItOCEf. FOiTRAS /
CLERK Ct ,CUIT ~OURT ~ Zp~'
This Instrument Pre ared B 1tE~ORDVEq:i1E0....~..~~
P y John W. Collins
?-irst Federa! Savin s& loan Association `
of Fort Pierce~ plor=da Auc 1 2 04 PH ~11.
Chzcked By _
js
~~K~2Q4 ~~t.~2379
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