HomeMy WebLinkAbout0345 To plac~ ond com~nuously ksep on d» bu~:d:rgs now a h~+ra(rer ~tuat~ o~ sa~d 1~nd a~w~ on aU tqu:pr.enl and person~l~y covartd by ih~s Ma+g-
eg~, w~~h ~il prtn~ums ~h~reon p+~d ~n futt, fire inS~NMf usw~ sundxd po~~cy iorm, in a sua+ spwovsd by the \1UR~GAUEE, m~d w~nds~o:m
~nwrance in ~M uswl uand~rd pot.cy tam, In ~ surn approved by iM MORTGAGEE. in wch canpany o. compamei as ~he hWRiGAGEE er•ay
d~rect; and aU fir~ and w~n3stwm in~w.~+u~ pclkirs on +u~y of said Eu~td~nys, ~nY ~,Rr~re~t the~e~~ or pa~ tF+a~cof, i~ ~he a99rega+e su.n at«ew.o or
~n eaceu ~Arreof, shall contei~ ~M usu.l itrnds~d more9aQa+ claus~ a iuch o~her da„u as ~M Matp~ge~ ~nay ~equ::e. ma?~~.g rhe !ou u~xlr~ se.d poir
ries, cach and every, payab~~ ro s~id !kO:CIGAvEE as ~ts interrit n.ay sppaa~, a+~d each and evc.y such poi~ty ihaN tx p~a*~p:~y a~i gned a~+d dc:~~er~d to
sn~ held by sa~d MORiGAGFE +s fu~?her saw~ty ~o sa~d mw~geq~ debt. a~.d, n~x fcss ~ha.i ten l10) days in ad.ance ol ~he eaa~rat~..v~ 01 each ~o1Ky. to de-
live~ ro said MORiGAGEE a renewal the~xof, toge~M+ wi~h ~ reccipt fw Iha pre~r.iwn of such reneNal; and ihere sha11 be rw f~re u: v.~+~ditu~~n inswanc~
placed on a~y of said build~ng~, ~oy inrersst tMr~~n or pu~ ti+srsof. unleu in the fwm ~~d wi~h tM lou p~yable as aforesa~d: ani! in ~he event any sum
of money beco•c~s payable unde~ such policy or polK~es tald MORTGAGEE sMll have ~M op~wn ~o tKtivC and apply ~he same on ac:ount of ~hr i~~daw~d-
ness secwed he~eby or to ptrmil sa~d MORT.~'iAGORS t~ ~ettive sm~ us~ it a any pa+t ~he:mo~ tor otne~ pu.poses, w.~R•;,,r :h~~.~. ar ~~~~Py~'-
~ng a~y eqv~ty, t~en w r:qht u~dee c± by vi~tve o~ th:s ma:9age; and in tM evem sa~d MOR~GAt;(1R5 shall fo~ any ~eason fail ta kecp rhe sa~d pre~r.~aas ?o
msu.ed, a fail ro detiver p~omp:ly any of u~d polK~es of inwranc~ ~o sa~d MORTGAG:E, w iaa prompNy w pay f~uy any premiu+n ~herafo. o. in anr
reipcct tail ro perfwm, d;acharqe. eaecues, ~f(ect, complete, comF~y with and ab~ds by tlus cove~+n~. a any par~ hereo(, sa~d MO~tGAGEE may p~a~e a•w
pay for such insuru~c~ Ot M} rt tt~lpl w~thou~ waiving or sffectieg any op~:on, li~o, rquny. a ria1~~ undx w by v~rwe of this Atwrgagr, and the
t~ll amoun~ of each and evmy sucl+ payment ahall be ~+nmedistely dw +~+d p+y~ble and shatf beai in+eres~ from ~Fw dare the~eof un~il pa~d at the ra~a o~
n:r,e pcr centum pe~ annum and ro~rthrr wi~h such i~~rresr ahafi !.e s•rc~:cd 6y ~he lien of thii mortgaye.
To prrmit, comnut or wf(e? no waste, impa'umcnt o~ dete::watan of sa~d property o~ any part thcrcof.
5. To pay all and singul~r the casts, cha+ges and expcnses, inctud~ng a rcisonab!e ~tro~ncy i f~e and costs of abs~racra of t~t!e, inc~rred w pa~d a~
nny Yune by said MORTGAGf~, because o~ in the event of the failure on thr part of the ssid MORi~'sAGOR to d:,ly, promp~ly a:~d fu11y perform, d~scharoe.
exrcute, effett, compi~:a, comply w~th e~d ab:oe by exh ud every ~F+e stipula:~ons, y~eaneRta, caxlit~av, and cov~nanrs cf aaid promisso~y note ar.d ~h~s
morrgage any or eiduv, and said cosrs, charges +~d expenses. each and ev~ry, s}?~II b~ immedi~tely dva and payable; whethe. w not thrre be notice d~
mand, auempt ta colkcl w suit pend~ng; and tM full arta~nt oi each and eYe~y svch payment shall bear inte~es~ Irom ~he da~e th.c+eof uo~il paid at the
•.~re of o~ne per cznwm p.v aMwm; and all said cosrs, char9es and eaFr~ses ~~cwred or pa~d, toget!~e~ wuh such ineerest, s:wtl be secured by tAr lirn of ~h~s
mor?gage.
e. That (a) in the event of any (xexh of this 1No?tgage a defav)t on the psrt of the MQRTGAGOR, w(b) in ~he eve:•t any of sa:d sums of n,oney
h,erein ~efer~ed ro be not promptly and fully paid wi~hin thirry (3p) days ne,u afrer the same seYeraNy C~r:ome ~ue and payable. withovl demand o. norice. -
or (c) in the event each and every the snpubrions, sgre~ments, cond~tions and covenants of sa~d prom~ssory note a~d th:s mortga9e any w e~ther are no~
i~ly, promp~ly ane! fully perfwmed, d:uharged, executed, effected, completed, complied wlth and abidcd Sy, then in ei~Fur or any ~~ch evene ~i+e sa~d ag
~regate wm mcntioned in said ptomisswy rate then rtmaining unpaid, with inte•est xuved, and a!I moneys u.'ured hereby, shatl become dve and pay-
abte forthwith, w thneaitr, at rhe optioo of said MORTGAGfE, as f~lly and complerely a~ if all oi .rhe said wms of money were wg~nslly st~pu'~ated
ro be pa~d on such day, anything in sa:d promissory note or in this Mwtgsgz to Ihe to~~~a?y ~o!wi:hatanding; and tF+ereupon o~ thereafte+ at ~he op~~on of
sa:d MORTGAGEE, withou~ no~ice or demand, iuit at I~w a in eqvity, tMe~e(ae or tlxreaf~er beguo, may be prosecutcd as if atl moneys secured hereby
nad maturcd pnor to its i+utitution. -
7. That in the event that at tne beg~~ning of w at any time pendirg ~ny wit upon this AAortg~ge, w to foreclose Ct, or to reform it, w ro enforce
payment ol any claims haeunder, said MORTGAGEE shall apply to the Cwn ha~ing jur~sdrcuon thereof tw the appo+ntment of a Receiver, s~,ch Court s~.~l~
fcrehwith appoint s rece~ver of said mortgaged property all u~d singular, inctud~ng a!1 and s~ngul~r the irxc+me, p~of~ts, issues ~~.d reverues irom whate~~~
.o:,~ce d2~ivld. QM~1 and every ot whKh, it beinp eapressly unde+stood, is Fxrcby mortgagcd as ~f spcc~fKally xt fweh and dexnbed in fhe g~aming and
h~bendvm dauses htreof, ar+d such Receiver shalt h~ve all the boad ~nd effearve funcnons and powers in a~yw~se entrusted by s Cov~t to a Reczi~er, and
s.ch appoinrm¢nf shall be made by such Gourt as an admitted eq~ity ~nd a rr.atttr of absdute right ro said MJRTGAGEE, and w:ihout reference to the
ad~uacy er inadequxy of the wlue of the property mortgaged or to the w~vency a=nsolrer~cy of r~id MORiGAGOR a the defendants, a++d ~ha~ such
re~rs, profits, incane, issues and revenues shall be spplied by s~ch Receircr +ccord~n9 to the lien or equity of sa:d MC~RTGA('sEE and the pract~ce of such
Court.
8. To duty, prompdy and fully perfwm, d:scharge, execute, effect, ca.plete, comply w~th a~d abide by each and every the stipuiations, agreements,
cond~tans and covenanrs ~n sa~d prom~sso?y note and this morfgage set forth.
9. That in the evmt tf+e ownership of ~he mortgaged premises, or anY part thereof, bccomes vested in a perso~ othe~ than the MORTGAGOR, the_
!~'.ORTGAGFE, its successors anc~ us~gns, may, wi~hout no~~ce to the MORTGAOR, deal with such scccessor or s~ccessor in interest wi~h reference to ~his
r.,o•tgage and the dabt hereby secured in the same marv~e~ +s with Moregagor witnout in any way vitiating w discharging the Mongagor3' liabitity herr
urder or upon the debt hereby secured. No sale of the premises hereby mw~gaged and no fwbesrancr on the Far: oF ~he MORiGAGEE w its svcccssors
o. assigns and no exiension of the time fw the paymem of the deb~ hereby sxured g~ven by ~ne MORTGAGEE or its successors or au~gns, ahail operare
Po releax, d~scharge, modify change w af(ect the wiginal tiab~l~ty of the MORTGAGOR here~n, either in whole or in part.
10. It is spec~ficatly agreed that time is of the cuence of th~s contnct and that no w~iver of any oblgat~on hereunder w of the obCgation se-
cured hereby shaU ar any time thereafter be held to be a waiver of ihe terms hereof w of the inatrument secured herby.
11. In add~rio~ to the fwego:ng m~:thly payments of princ pat and inrerest requ~red 5y the promFSSOry nore seivrrd hereby, mortgagar covenants
a~ d agrees to pay to mo:tgagee with earh monthly payr.ee:v an addrt~onai sum esrima~ed by mwtgagee to be equal to 1 j 12 or the annual cost o.` rhe follow-
,3_
j A-All real properry taies fev:ed o~ assessed agai~st thc above desu~bed real esuta
~ 8-P~en:~vms on fire and windsto:m iosurar.ce as here~n requ:rcd to be cr ricd on the improvemeah sitvate on the above descrebed prem;ses.
f C-Premiums m such mortgage guaranty ir.su:a..:a as mo~tgagee shsll from rime to time der.n f~t to carry on the ban secured t~ereby.
~ M.ortgagee sha?t from time to time not~fy matgago: in writ~ng of the amovnt due and payable hereunder and sxh sum shal~ therrupon Ee dur and
~ able on the dve dare of the next month:y payment and each successive month thereaf:er ur.til nvxtgagee shall notify mortgagor of a change in such
~I ~•~ounr. Such sums sFatl be applied by .nortgagee to.v.~rd fhe payment of real property taxes, insurance pren::wns, a~~d mongage guaranty insurance '
! ;~•emiums. -
~ IN Y~ITNEaS Y:HFREOf, the said MORiGAGOR hss hereunto set his hand and seaf the day and year first afo+esaid.
~ - Signed. Sealed and de~ivued in~ the presence of: ~ i~n
~ `L_ YGL ~ ~~G•'~~ (Sea4
' • Ora L. Brown, a single~adu~,q
~ _ (Seaq
,
t . (Seap
- .i
S ~ MTE OF FIO~IDA t
CJUNTY OP $t. L.IICI~ j e~
sefa~ ~ a«ur appeared Ora L. Brown , a sinqle adult ..a
_ his•wi4, to me well krawn and krawn to me to be
rhe indiv~dua: desu~bed in and who e:ecuted the foregoing instrument, and acknowtedged before me tnat ~e e:ecuted the same for the purposes
therein expressed. An~lhs.wil-
.~,~i~ of~13~s. s~iJ ~+P~ ~ iOPiiaf ~r~ iywi~
.,~L~1i~~~eTby~~w! 1~Iaw~e~pwMSw~l~srP~oRrFter~ssid~wskw~-ad~~w~ied~ud~~~wd~bei~re~we~iisr~M<wewws~s«diwrww~.fwrlrraRi.+r~a
~*+hr~nd~wiNis~w~wy-eawp~hi~wstw+wwiwbs~wwow~~r~fws?~i.~rrF~ow~wr.~aidbu~bilp~ . - .
~ + ~ ~ :
WITNE55 my hand and official sesl this f~ ~ dsy ~f Febrna~v p. D; 19~_
.
'r~~ ~ 1, ~1 ~
~ , j"~ `1 ~-r.~,_____,~._~--:- ~ - t ;
~ Aiotary Pu!•~ic in and fw tre State of ~;ori~a ajlarqe~ _
~ My Commission e:pires: ~ ~ f t:
~ Rerurn To: ; C,µ ~ 1 ~--J
~ - , ~ -
~ First Fede:al Savings 3 loan Associat~on - ~ ~ : J ~
~ Of fort P:e•:e. ~ • • ~
~ fort P~rice, F(orida ' / , . •
fILED ~y~ RECOROEO .
ST. lUC1E CJUYTIf FtA.
~ ROi~ : =O~TRAS
;y CtERK C'::CU!i COURt
This instrument Preparsd By d. F. Holergei REC?~^ vE! ~i ~EC ~
~ Firs! Federal Savings 8~oan Association
~ of Fort Pierce, Rlorida FE8 16 3 3s PH ~73
~
~ Checked By i!- Z~~OZ~
~
~
~ ~-,~~K 2~ ~b~
~ 1~ ~ 1 ~~s
~ zs
~ -
a - - - - - _ - , _ _ _ - - - ~t .~~y~
~ ~
s"a,~,.-{ - _ 1 ~
"""r'3 . e~-~ . _ . ' _ , . _ _ . . i ,