HomeMy WebLinkAbout1091 To plac~ a.w! cwu~~vovsly keep an iht bvi.d~r?ps ~ow w hereaf~a s~~w~~ on sa~d la~d a~d on a11 e~uiprt+tn~ ~nd p~~sor.a:ly cova~rd by ti+ii ma~ty-
w~eh all pr~.~ms the~con pa~d i~ (utl, tire ins~ranc~ ~n tks uwal :undua po:ecy fmm, in • susn spprored by the MORTGAGfE, a~xl w~ndstorm
~nsw~nc~ in tM uswl ~~anda~d pol.q ianL in a suM appr4v~d by tM MORTtiAGEE, i~ sucA tcmpany or comyan~ts +s the k'.URIGAGEE may
d'uedj a~d all f'ue and w:ndsK+T uuuranca pot:c~ on any of ss:d iwild~~~, ~ny inlerr~t ther~in o~ part tht*eof, in tM agg~eqat~ ivm afort?a+d o~
In ~~ccess ~hareof, shall cw~ta:n rh~ us;ral sunderd mor~gage~ claus~ ~ i~;ch o~1wx cfiuss a~ tM hla~ya3ee e+Ny ~ryuw~. nw?irq t~ Iou vnd~r aa~d po1~
c'ros. ~r~ch ~nd t~rory. payab~e tc u~d Mt7RiGAGEE as ~~f intersst may appsai, and cach +nd ~very s~cA pot~cy shall be prompNy r~sSred and de~ivarrd ~o
+ny held by ss~d MORiGAGEE as iunha security ro uid nartgags drbt, a~xl, not :ess ~han ten (10) diys in ad~anca ~I the eapi~a~~on o! ea~h poti.y, tc• dr
livsr to sa?d MORTGAGEE a.enewal thereof, to9e~hsr wi~h ~ rece~pt for the pem:um of tuch renewal; and ~he~~ s7~11 bt ra f~re or wind~wrcn inw~+nce
plac~d on ~~y of ssid tiviidirgs. aoy in~erest ~her~~e or pa.~ ~hereo~, unteas in ~F~ form ~nd v.i~h ~M lou pay~bk as afcuesa+o: x~d in t1+c ewen~ ~ny tum
of mon~y beco~n~s payable under s~,ch pol7cy a pol~cica said MORiGAGEE shall Mw tl?~ op~~on ~o ~etr~ve and spply tAe san~e on accov~u of the ir+d:~btrd-
neu iecwed he.eby W b pe~mit sa~d MCRTGAGORS ~o cecaiva anc us~ it or any part ~he:eof ~u o:i~e. µvr~,oses. .•.:rt~~ut ~h_,~ ui ~r ~~v~ ~3 c. n~~pr~r-
inp any equ~ry, I~en q right u~+dr~ or by virrve of th:s mo:!gagr; ~nd in :he evenr sa;d MORTGAGORS shaH io~ any reason tail to keep ~he sa:d premisrs w
insurad, or f~il b detive~ promptlY ~ny of aa~d polic~es of insurancs to said 1?10RTvAGEE, or fa~l promptty to pay f~~ty any pre~nium ~he+efor w in any
respect fail b pe~Iwm, diuAarge, execute, e(fett, canplete, caR+ply wi~h and ab de by th~s cove~s++t, a a~y part hereof, sa;d M.ORTGAGEE may pi~~e a~~d
pay fw such insurance or any part nc~reof wi~hout w~iving o~ ~ffectinp any vptron, I;en, eq~;ty, w righ~ under o. by v~rtw c+t ~las l.br~gsqe, ~nd the
fvll aa,wm of each and tvery tuch pay~nen~ shall be ;mrnediately dw snd p+yabk u~d shall bea. interest from ths dare ~hereo( unfil paid at rhe ra~e o~
n~ne per centum pe~ annvm and to~rtAer wirA such inr~r~se shall be secu~ed by the lien of this mort9xJe.
1. To perm:t, tommit a suffer no waste, impairment o~ deteirorat~on of s~~d property o~ any pa?t thcreof.
5. To pay ~II and s:rguiu ihs costs, cha.pcs and expe~ses, including a reasonable aftwney i fce a~d cosra of abstrads of titte, i~cvr?ed or pr;d st
eny time by uid MORTGAGEE, because w in the even~ of the fa~lur~ on the parf of the aa;d MORiGAGOft to duty, prompriy and fuNy }~erform, d~uharq4
eRecutG effect, corrrplete, complr w;~h ar+d ab:de by each ar~d cvery the stiputaf:ons sgreemen:s, ca+:di:ia-u, and :o.e.w.its o~ sa~d ~om~ssory ~ote and ih~s
mortgage +oy or eithe~. and ss;d cosn, cM~gc~ and expenses, ~ach and ew:ry. shall be immediately due and payable: whe~her a rwi there be no~~ce d~
m;,nd, atrempe ro m:lect o~ suit pend~ng; ~nd ?!+e tuil smo~~t of exh and every wch p~yma,t slwll bear inrPrest from ~he date thcreol unril paid i~ the
rate of ni~e per crn:um pc~ annu.~n; anc sf! said toats, charges and eapenua .~c~rred or paid, tpgether w~th s•xh interest, shall be tec~red by the lien of thi3
rt+wtgage•
6. Th~1 (a) in the eve~+t of any b~each of th:s Mortgage w de(auft on ~i~e p~rt, of dx MORiGAGOQ, a b) en the eve~f any of sald sums of mo~ey
herein rr.fened fo be not promptly and fuSly paid wirhin thuty (30) days nex~ afrer the same xv~rslly betomc due ~nd payab~e, wi~hout demand~or notice,
or in the evtN eaci~ and every the stipula~wns„ agrecments, conditians and cpvenants of sa~d promissory ~ote and th~s mortgage any or eirher are not
3uly, promptly and fully pe~formed, d+uharged, eaKuted, effected, completed, compl~ed with ar~ ab~ded ~y, then in e~ther w any such evem the sa~d ag
g~egate wm mem:oned i~ srid promissory nore then remaining unpa~d, wi~n intaest acuued, arcd a1t moneYa secures! hereby, shall becort~e due and pay~
able torthwitA, p thereafte~, at the option of sa~d MORiGAGEf, as fvNy ard complerely as if r!! oi nc~ said sums oi money were originatly iripula~ed
to be pa~d on such day, anyth~ng in sa:d {uan;asory note or in this Mortgage to the c~ ~ra?y notwithatee~d~ng; and ~hereupon or thereafter a~ the op~ion ot
sa~d MORTGAGEE, withouf ror;ce w demand, suit at law or ~n equ~ty, fhrrcfwe w thereaf~er t:egu~, may be p~osecuted ~ if eU moneys secu:ed hereby
nrd matu~ed pnot to ~ts instirurico.
7. Tha1 in tF+e event that at the beginnirn~ of or at any time pending any suit upon this Mort9~ge, or to faeclose if, or to ?efwm it, w to enforte
paynxnt of any claims hereunder, said MORTGAGEE shall apply to ~he Cour~ hav~ng ~urtsdrc~~on ~hereof fw the appo~ntmer?t oi a Rece~v~r, such Court sha11
iorthwirh appo~nt a rece+ver oi said mor?gsged propcyty a)1 u~d singular, i~clvd,ng all and s~n9u~ar th~ inconx, prof~ts, iuues and revenues from wha~ever
so~rce derived, each snd evcry of whuh, it being e:preuly unders~ood, is herrby mortgaged as if specit;cally set fwth and desuibed in the granting and
~ahendum clavses hereof, and such Receeve~ shaii have all ~he broad and effecr~ve funcnons and powers in anyw;se enuus~rd by a Court ro a Receiver, ar.d
s~ch appointment shall be made by auch Court as ar, admitted equiy and a mstter of absolute right to said MORTGAGEE, a~c! wi~hout re(erence to ~he
edequacy or inadequacy of the v~lue of the property mortgaged or to the savency w insolvency of said MOR~GAGUQ o~ the defe~dants, and that such
renrs, profin, income, iuues and rever.ues s1w11 bs app;ied by suci~ Receiver xcordu+g to the tie~ o. equity oE sa~d MORiGAGEE and the p~acrice of such
COUrt,
8. To outy, prompNy ~nd futly perform, disc6arge, execvte, eifed, comptete, car.ply w~th snd abide by e~ch a~d every the stipufations, agreemenls,
conditions ard covtnanrs in sa~d prom~ssorY note and this rtwrtgage ut fath.
9. That en the even! the owncnhip of the mortga~ed premises, a any part thereof, becomes vested in a person other than the MORTGAGOR, the
h1C'RTGAGEE, irs wccessor~ and assgns, may, w~rF:ovt nor~ce to the NORTGAOR, deal w~th svch successor or successor in interest wifh reference to th~s
mo~tgage and fhe .~tbt hertby secured ;n tF.r same manr~er as wirh Morrgagor without in any way vit;ating or d~xha~ging the Mwrgagors' liabilily 1?ert
under or upo~ thr debt hereby secvred. No sale of the premises he:eby mortgaged and no fwbearance on ?he par~ of ehe MORTGAGEE w its successws
e- assgrts and ~o eatension of the tcrr.e fw the paymenf of the debt hereby sec~red given bJ tf~t MORiGAGfE or its successors or su~gns, a.~aN operate
ro :ekax, ducharg~ modffy charge w affect the orig;nal liab~fty of the MORTGAGOR here~n, either in whole a i~ p~.t.
10. It is apec~ficalty agreed that time ~a of the essence of fhis contract and ~hat ~o waive+ of any obligatto~ hereunder w of the obligation sr
c~red hereby shali at any time rhereafeer !x held to be a waiver o( the terms hereof a af the instrumenl secured herby.
I1. In addition to the fwega:~~g monthly paym-n!s of prir.~"pa( and intrrest required by the prom:ssary no!e secured hereb~, mo:tgagor covenants
a~d agrets to pay to mo:tgagee with each monihiy payraent an add~tiona~ sum esn+r.ated by mortgagee to be equal to 1~ 12 oi the annual cost of the follow-
in~:
A-All real p~~rty taars levied w assessed agains~ th~ above dexri~~ed reat estata
B-Premi~ms oo fire and wine3storm insurar.ce as here~n requ:red ro be carried on rhe imgroveme~ts sItuate on the a4~re described premises.
C-Premiums on suth mortgage gvaranty insurar.ce as mo~tgagee shail from t;me to ti.ne deem fit to carry on the ba~ secured hereby.
hbrtgagee shail from nme ta time notify mortgagor in writ~r.g of the amount due and payabie hereunder and such surn shall tl~ereupon be due and
c ayable on the due date of the uext month!y payment and each s:xctssive month ti~reafrer ur.tit mortgagee thafl notify mortgagor of s change in such
a*.a..nt_ Such sums sF.ail be appiied Dy mortgagee toward the p~yment of rea: pcoparty ta:es, irtsvrance Fxem:ums, .:nd mortgage guaranty insurance
o~emiums.
IN 1N17NES5 Y~HEREOF, the said MORiGAGOR has hereunto set his hand and seal the day and year first aforesaed.
i: Si9+~ed. Sealed and deijvered in ~be presence ~
! ' ' ~ ~~.~.zs~.~ , l~f~-~-' %,n
_ u + Alberta L. Monroe, a single ~a~
- ' adult
- ~n
~ csNi~
STATE OF FIORIDA ~
St . Luc ie
couNn oF _ ~
' Befwe me persorwlly appeared Alberta L. Monroe, a single adult
and-
b1iWiLl, to me wetl known and known to me to be '
the individval' described in and who eaecuted the ~oregang insfrvment, and ackrwMrledged before me thaf~i~ey exetuted tFx same ior ths purposes
thereio e:preaxd. /4tid ~F+e-said - - - - - - - - - - - - - - - - - - - - - - - - - - - - ~ .
..~rsf-tF+e-asid------ - i
.
r~m'rRat+o+r-by-me-takrn separste snd-~part-frvRrher ssid-fiosbsnd: e~kr~le~igcd-ro and-be(ore ~-tFw~ sFre ~xeartedZe°.~ ~ ~ f?
:aa:y awd-w~tk~~ ~wy-eawpvfsi~n, <~lroint~ ~ s~wi'~ fr_f~ar ~r-f. rsaid J~u•Lewd. . .
WITNESS my hand and ofiicial xal thi ~ ~ da of r - ~ ' 7
Y A. D. 79~ .
~ ?~;~n_;~ _ : , ; = - -
Notsly Public in a~d fof t.~., Si =of lwid at tsige Y
My Comrr::ua~ expires: ~ ~
Retvm To: j~ r, a~ ?~c ~-`'~~l-~~.:} r
Fint Fcderal Savi n gs b Loan As s
o ci at:
o n ~ ~ J-,. v. .
Of forf P~e~ce. - - • • `
Cr~r~. -
Fort Pier~e, Florida .
tfCEO AM~ ~ECGROEO " '
iT. WCIE C )UNTY FLA.
ROCER P~~TRAa ~
c«~K cr :cu,r CQURt
This,lnstrument Prepared By Joht~ W, CollinsR=~~~~ '~r"'`~ED.,.~~
First €ederal~avings 8~ Loan Associ~tion F~8 Zl ~O is A~i 73
of Fort Pierce , Florida ~
CheckPd By ~ _
248501
so~K2~1 PAGE109i Sb
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