HomeMy WebLinkAbout0774 J. To p1x~ and cuntirwa.sly ~cep on Th~ kw~'ci~r~s naw a hcroatiK ~waa on sa~d I~nd an3 ~ ati equ~pnem and pr~sonsl'y co~aed 'ay ~hi, R.vt9-
yR, wit6 ail piem:ums tiKrea+ pa~d in iu!!, I.re inswa~ce in ~he utwl ~ra~ds~d pot~cy (um, in a s~m ap~ored by rhe 41t~RtGAGEE. t~x+ vr~nds~am
inwranc~ in ~hs uswl i~a.,d~rd poi.cy lorm. in a s~m app~oved by iM MGRTGAGEE, in such con~pa~Y a ca^p+^~h +s ~h~ MORTGAGEE m+~
directt and a!1 (irt and w~~dstorm inswonce po!~c~es on a~y of sa~d bu~ld~ngs, ~ny ~ntsr~s~ thare~n w put thrreuf, uc tM agg~rya~s svm aforesa~d o~
M~:cass thereof, shall tonuin tM uaual s~anda+d ma~qeges clause c: iv.h oiM...y ciausR a t!w Matyayea may rcqu.rs. ma\ing ina tou unda s+~d Nd'r
ciss, each and evtry. Wrab;e to a~~d A\ORTGAtSiE as ~ts ~rorr~st may appear, a~u! r.ch +~++d evrr~ avch pai:cy sha11 be p~on•pdy assg~rd •~~d de~~Y+~ad to
any heW by uid MUR(GAGfE as turnc~~ sacur~ty ro sa~d matgsys debt, a~~d, not less than ten (10) days in adva~ue of ~he txµca~~on of each palicy, lo ek-
live~ b said MORiGAGEE a icnewal thercof, ~oqe~her wirh a rrce~p~ fw the pra~~~ of such rc:~ewa'; and ~f~rr~ sha:l Ge no fire oi winds~orm inswanc~
pl~ced •:n sny of sa~d bw?d~ngs, any interc~t thsre~n a pa~1 the~eof, uniess in ~I~e form and w~ih ~he loss peYable as afa~sa~d; end in the cvenl any wm
of ma»y brca~ros payable under such po~icy a Fo~~ues ss~tl A10RTGAGEE shall have ~M opt~on to ~etrive and appty the same o~ account ot the i*~bird-
neu 3e:Lred h2~rby O/ 1o petmil said M01~TGAGORS ~o retrive snd ul~ +1 Or any Fart thrrtol fc~ othc~ purWSrs, wninuut :h~•.o/ wa~+n*3 Ct u~~p-~~r
iny any equ~ty, lien or r~ght u~dc~ o~ by virtue of this mo-:page; and :n the evem sa:d MORTGAGORS shafl ,r any reason fail to keep ~he u~d p~emisrs so
i.~su~ed, d fail to deliver promptly a~y o( said po~~c~es of insurance to said MORTGAGEE, a iad pra:.ptly to pay fuity any pre•n~um therefp a i~ a~Y
~espect fail .ro perfwm, d~scharge, execute, efied, canpte~a, comply with snd ab~de by th;s covenant, w any pa~t hr~eof, said MORiGAGEE may place +nd
paY for such insurance a any part thereof w~theut waiv~ng a atfecting a~y opt~oe~, t:en. equ~ty, w right unda o~ by ~utua oi ~his Mwtgaye. +r+d the
full anwuM of each ar+d every such paymrnt shatl be +mmediately due and payable aod sha~~ bea~ interest from the date thereof until pad at the rau ol
n~ne per ceMU+n per annum and ro~ether w~~th such ineerest shal~ :x secured by the lien of this mwtga9e.
1. To permit, commit or suffe+ no wasre, impa+~ment or deter~orat~a~ uf'ssid property or any pa~~ the~eof•
5. To pay a11 and sing~Isr ehe costs, charges an3 exExnses. L~c~udin9 a ~easonable attorney's (ee and costs of absfracts of title, incurred w pa~d at
any time by said MORIGAG:E, because or in the event of tix fa~lure on the pa~t of the aaid MORTGAGOR ro duiy, promp~lY artd fully perform, d~u~arge.
execu~e, effett, complete, canpEy w,~h a~~d ab:de by eac%+ and e~e:y tF.e stipvia~~ons, agre~me~.is. conJ~ti~s. and covenan~s of ss~d pran~s~ory note and this
mwtgage any w e~ther, :nd sa~J cosrs, charges and expenus, cach and eve.y, shall !,c mediately dve and F.ayatr:e; whe~her or not ~here be no~~ce da
msnd, atlempt ro colleti or suit pend~ng: snd the 1ut1 amount ef each and e+~Ny ~ucn paymeM shal? bea~ ineeres~ from the da~e thereof ~~til paid a~ Ihe
rate o~ ~irK per centcm p2t annu:n; oeu~ aft sa~d cos~s, tharges a:id e~ptnses ~ncu~red ot paid, togather w~~h such interest, shail be setwed by the lien of this
mort9ag~.
6. Tha1 (a) in the ercnt of any breach of this Mortgaga or dcfa~!t on tF+e pacr of the MORiGAGOR, or (b) in the event any of sa:d surtcs of ineney
Fu-ein referred ro be not pr«nptly and fuliy pa~d withi:~ 1h~rty {30) days ~ext aftr~ ~ht same severa!!y Cecome due and payable, w~~hout demand w nor~ce.
m W in the eve~t each and everv the stipv+ations, agrcenents, cond~tions and sovenants of ~a.d p~om~swry ~wte r~~c! th~s mo~tg~ge any w either ~re nol
~vty. Promprly a~d lulfy performed, d:uharged. executed, effected. completed, compi~ed w~th and ab:drd 5y. tFxrt ie e;ther or any such rvem ihe sa~d ag
gregate sum menta:ud in said promissay nore thrn remaining unpa~d, with interest accrued, and a!1 moneys secured hereby, shall 5ecome d~e and pay-
able fwthw~~h, or thereafrer, at the opr~o~ of sa~d MORTGAGEE, as iu11y and complc~dy as if a~l e! ~he sa~d sums of money were or~~na+ly st~p~laeed
to be pa~d ort such day, anyt~eng in sa:d prom~sswy norc or in this P:tw~gage to the ca~!rar~ notw~rhs~a~x.'~n9; and thcreupon or ~her:after a~ ~he op~~on of
said MORTGAGEE, w~thout rto:~cr or dr~oand, suit at taw or in equ~ty, therefore a thereafrer begun, may be prosecuted as if all money~ secured hereby
nad maWred pnot to ~ts msntutwn_ "
7. That in tFu event that at the begin~~rg of or at any time pend~ng any suit upc+n tfiis Mortgage, or to foreclose it, a to refwm it, or to Enforce
paynxnl of any claims he~eunder, said MORi ~AGEE sha11 apply to the Court having junsd!et~on there~i for the appomtment of a Receive?, such Court sha31
fathwith appoinl a reteiver oF said mort~aged p~opeTty all and sirg~la?, includ:ng sll and aingular the income, profiis, iuues and reve~uea irom whatever
source de~ived, each and every of whKh, it be~ng expressly undenrood, is haYeby mort9aged as ~f spec~fically set iw~h a~d deuril.ed ir. the grantir+g a~d
Fabe~xl~m clavses hereof, and such Receiver shaft have att the broad and effec+i~e funct.ons arn! powe~s in anyw~se entrus~ed by a Court to a Receiver, and
s~ch sppoinfinent shalt be made by sxh Court as an ad~niited eq~iry and a matter ol absatute right to said MORTGAGEE, and wiihout reterence to the
adequ~cy or inadeqvacy of thr value of rhe property mafgaged or to thc so+ve~q or msofvency of said MORiGAGOR o~ tfie defendanrs, and that such
rents, profits, income, issues arw reven~es shall be appiied by such Receiver accord~ng ta the tien or equity ot sa~d MORiGAGEE and the p~actice of such
Court.
B. To dufy, promptly a++d f~t!y perform, d~icharge, execute, effect, comp~ete, comp~y with and abide by each and every the stipulaGo~s, agreements,
condition~ and cove~ants i~ sa~d promissory no:e ar.d this mortgage set fo~th.
9. TF.at in the event the cwnershep of the mortgaoed premises, or any part thereof, become: vested i~ a person other thsn the MORTGAGOR, the
h~ORiG~IGEE, its successors and ass~gns, rnay, wi:hous nerice to the AtORiGA04, deat with such successa a s~ccessor in interest with reference to this
mor~gage ar.d the de4~ F.ereby secu.ed in rhe same manner dS w+tFl 11SOft939M w+thou~ in any way vif+ating or d~scha~g~ng the Mwtgagors' lisbility here-
~~d~ or upon the debt hereby secured. No sate of !he pren,~ses he.eby mwt~aged and no forbea~ance on the part of the MORTGAGEE or its svctessws
or assigns and no extension of the t;me for the paym.ent of the drbr hereby secured 9~ven by the N10RTGAGEE or its succeswrs or ass~gns, a.tia~l operate
1o release, d~scha:ge, mod~fy change or affect the or~g:nal liabil~ty of the MORTGAGOR herein, either in whole or i~ part_
10_ It is specifical~y agreed that t~me is of the esxnce of this contract and that no waiver oi any ob~igat~on herevnder or of the obligation sr
c~red hereoy shall at any time thereat~er be he!d to be a waiver of the terms hereof or of tfie instr~ment secured he:by_
11. In add.tion to the fwego n.3 month!y paym~nts ef princ pal and inrerest requ~~ed by tF» prom:ssory no!e srcured hrreby, m~rtgagor covenants
and agrees to pay ro mo:tgagee v+,~!h each mcnth':y paYr,:ent an add~:~onal svm esr:~,~~ted by mortgagee to be equai to 1; 12 of the annual cost of the foiiow-
~ng:
A-A!1 real property taa:s lev~~~ or assess•ad aga~ost ~hc a6ove dex~i~ed real estate_
B-Fr.m~u~ns on f~re and windstoc.n ~nwrarce as here~n :equ~red to be carr~ed o~ +he 6mprovemeats s~tvate on the above dasuibed premises.
' C-Prem~ums on such martgage gaaranty ir.sura~.ce as morrgagee sha11 fro:n r~me to time deem fit to carry on the ioan secured hereby_
i _
~ Mortgagee sha~i from nme to t~me not~fy morrgaqer ,n wnt~nq of the an,ount due and payable hereunclrr and such sum sha:l thereupon be due and
~ payable on the due date of the next mo~tn:p payment and each successive month tnereaft_r ~r,ril mcriQagee shall notify mortgagor of a change in suth
ama~nt. Such surrs sHa:l be ~Ecd by mortgagee roward rhe payme~t of real property taxes, insura~ce prem:ums, and mortgage guaranty insurance
~ premiums•
IN 1YITNESS '11N'R:Of, the sa~d lh!ORTGAGOR F.as hareunto set his hand and seai the day and year first atoresa~d.
Sgr.cd, Sealed -and delivered in the presence of:
J L'. Seaq
~ ~ ~c ~~P ` Glenn C . Bray ;s~an
{Seaq
,
4 _~i i . _ c_ /~-sftLd /71 • ~-~'~~_(Seal)
~ Frances M. BraY ~
STATE OF FLORIDA ~
$ t. L1C 1 Q SS'
COUNTY OF ~
Befwe me personalty appeared Glenn C. Bray _ ,,,d
Frances M. Bray - ~
his w~fe, to rt+e well k~ 1Mt~iJy~rq~o"_iiie to be
the indiriduals desvibed in and who executed tt~e fo?egoing instr nt, and acknowfedged before me that they exeyJ~~t~~rn~~ii~~.
t)
te'W~lposas
Frances M. ~ray ~~-:r, ~%'r~~_ :
rherein exp:essed. And the said- f~ ••h••~. ~4~
Glenn C. Bray
wife of the said ~ - ypos ~e sepasal'F ~vate
exam~nat;on by me ta4en seYarate and epart 1ror.i her said husband, ackrwrrledgeti to and before me that ine e~~ai~iilstrument ireet~~~vdur~-
tarily and w~~hout any compv;sioR, constra+nt, apprehens: ~ ear of w from her said husband. ~"r
WITNESS my hand and officirl seal thi • day of ~ J ~ A;
`~1 ' ' ' t~ ' ~ -
~
Notary Publit i~ and iAt-t 5 ~•pf~ flo~' ge
My Commission expires': ~ L t~
Retum To_ - J{Q~'~PU~ ~f ~ ~ ~ ~~'E
Fint Federaf Sa+~ngs 3 loan Assouanoo ~yY -CpAS'AISSiOY EXPIRES SEPT. ZS, 1975
Of Fur~ P:e:cr. Bp110~Q by qmerieail 33naEf5 Ifl5ufa11C8 ~.Q-
Fort Pierce, ."'!orida
~~4(~,U~C![ CGyMTY flA,
fi~i~_~ .~:~iRAf
This Instrument Prepared By J. H. Roberts, Jr. ~~EGy.:.: .,Ut! LOURT fn
First Federal Savings 8~ Loan Association /EtG[~~ •i~ ~~0..~....,-~~
~ of Fort Pierce ~ Flori da
" 21 3 4o PH'73
Checked By ~
~~o~ 241 ~ .7~4 z4s3os
~
S~.
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