HomeMy WebLinkAbout1097 To ptx~ Md ccntirwousty keap on tiN bui!d~ngs o+ hcreafter ~~wa on :a+d IanJ and on ail equ:pmant a:~d pe~sonally covered by thit morty-
+gs, w~th all prem;.~m; Mereon pa;d in fu:l. fire insurance ~n rM uival su~dird po?~cy tonn, in a sum approvcd by iFw MOR~GAGEE. a•~d w~ndti~wm
iniwanc~ in rM usua{ uandard poi:cy form, in a sum ~pproved 'oy ~he MORiGAGEE. ~e+ wch canpany or companies aa ~he MORiGAGcE may
dirtc:; u?d all f'a~ aM! wit~dirorrn insu•a++te politios On any of said bu.:~~tgs. 1ny inroresr therein sr ~aett !i?e~eof, in +1» ~pgrsyaeQ aum afo~tsaid O~
in txce~s ~heaeoi. sMll tonta;n the usual s~andar~i nar9age~ ci~u?e a suc.4 othte c'aus~ ~a tM Mortgagee may roqu:re. mal:r.9 tM ~ess u~~de~ srd pdt
c~es, cach and wery, payabts ro sa~d MJRiGAGEE as ;ts inte.es+ r~ay ~p{xu, a~d e;ch a~d evsry sucl~ poi~cy sh~l1 be Frompuy au ynsc! and de:iv~red eo
+ny held by sa~d MORT~aGEE as fu~rher seturity to sa:d rtwrtgaga daDt, ar,d, nct ~eu tho~ ren (IOi deyi in ad.ar.ce of ~he exw:at~on of ea~h pot~cy, ~o dr
I~ver to said MpRTGAGEE a r:~ewal tl+ereof, to~e~ha wi~h a rcce~pt fa the p+em~v~n of such renewal; and ~F+s~• sfull b~ no f.ie or w~rx~s~o~r.: iRsurance
pl~ctd o~ aey of uid bui!dines, rny intcrest tF+enin or p:r~ thcreof, vn;ess in rhe form and wnh the 1ou payable as ~foreu~d; u~d in ~he c.ant any svm
of rtw~ey pecernes payabte undu wth policy a pol~c:es sa~d MORTGAGEE s?wll nar•e ~he opi~a? to rece~ve ~nd apply ~he san,e on accou~v ~f ~he indab~rd-
rKU secwed hereby a to pcrm~~ sa~d MORTGAGORS ~a receire and us~ it w any part tAr:eaf fw o:iKr Fu~f,ases. .„~twut rhr~, ur ~Y3~w~~~ o, „~:p,;~r-
~ng any eq~iry, lie~ or r~ght ~nds~ a by vi~rw of this mo:tgaga; snd in tM ~v,rm fa~d MORiGAGORS shall fcr any rtason fail fo kcep the sa~d p~em~srs so
~~*surec, o? ~ail f0 delivd prpmptly ~ny of said pol~ciea ot insurancs to said MORTGAGEE, or (ait promprly to pay futly sni pre~~~i~m thcrefo? or in any
respect (ail te pe~fwm, discha.ge, execute, efiKt, complete, tcmply with and ab:dr by lhfa covan.inl, a any part hareo(, said MOR~GAGEE may p~ace a~+d
paY fOr such.insura~te or ~ny part the~eot without wai.•inp w ~ffectinq a~y option. lien. ec;~:ty, or righ~ unde~ a b~/ virru~ of this M«tga9e, and tht
full amov~t of each and every such paymeM shall be inunediately dw and payable and shsil bear intereu from tha dare the~eof u~vil paid st the ut~ ot
~+~+e per tentum per annum and ro-~rihar w~~h such iroe:esf shatl be srcured by the 4en of lhii mortgsge.
1. To Rst:nit, cwnmit w suffer rw wasts, impairrn~nt o~ deterioration ef said prope~ry or any part thereof.
S. To pay slt ~nd sinyular ~he costs, cF?arqes and eape~xs. ~r+ctudi++g a rcasonable ananey's iee ~nd costs of absuads ot titte, incur.ed w paid at
any ticne by said MORiGAGEE, bncause a in the event of the fa~tu~e o~ 1he par~ of ihe said MORTGAGOR a duly, promptly and fully p~rfurm, d~scharqe, i
r,ecvre, rffecl, comp{eta compiy w.th and ab:de by each and every the itipvlat~ons, agreer.ients, conditians, ar,d eovcnar,ts of said promissory note ar~d this
mo~q;age any or ei~lu~, and sa:d cosb, clw~gcs and expenses, each and every, shall be immediate:y due and Fayab!e; whethe~ p not rhe.e be r+once de
mand, sttempt to coifect p wit pei:d~ng; and ths ful! amouni oi each and wery au~h payment shall bcar in?erest from t!x date thereof until pa~d ~t ?he
rate of nirk per cent,,m prr an,~urn; a~id aU said costs, charges a.id expenses :•curred a pa~d, toge~har w.th su~.h interest, sMtl b~ setured by the lien of thi~
mortgsge-
6. That (a) in the event of a~y b~each of this Alwtgx~e w dsfaul? on the part of rhe MORTG~GOR, or (b) in the evenl any of saFd sums of money
nerein reEe~red ro be nat p~omp~ly a+x! fully paid wiihin ~hirty (30) days nexf afte~ ~he sa~ne zerc~ally become due and payable, without demand or no~~ce.
or ic? in the evcM each and every the st~putai~w~s, agreements, cond~f~ons ar+d covenams of sa~d ~xomisuuy note and th~~ mwtgage any a al~her are nol
iuly. prompdy and f~lty perfwmed, d:schsrgrd, eaesured, eifMcd, ComplEted, compl~ed with and ~E~drd ~y, then in e~iher or any svcA ev~n~ ~he said ag
gr~qate sum mentioned io said promissory nore rhen remaining v~paid, with inte~est accrued, and ali moneys securcd here~' y, shafl becwne due ~nd pay-
able fwlhwith, p ih~reafter, at the oprien of sa;d MORTGAGEE, as fully and complNely as it all of the said sums of money were aginaity st~pu:ated
to be pald on such day, anythiry in sa:a pro~n~ssay note w in this JNortgage to ~he contrary no~wi~hsiand~ng; a~u! thereupon w thereafter at the oot~on of
said MORTGAGEE, w:thout neticc or demaod, suit at (aw or in equity, therdore w ~hereeFre~ begun, may be proarcWed as ~f a!1 monays setured hereby
bad matutesl pr~or to ~ts institutan.
7. That in the evem that a1 the beginning of or at any time pending any suit upon fhis Mwtgage, or to fweclose it, or to refwm it, or ro enforce
payrrKnt o( any claims hereund~?, sa;d MORTGAGEE shall apply to Yne Court bavir~g jur~sd=ction thereot iw 1Ae appo~ntmtat of a Receire~, such Co~n shafl
ior~hwith appoiM a?eceiv~? of said mortgaged property all and sir+g~ula~, inctvdmg all and s~ngular fhe income, protitf, issues arx! revenues from whateve~
seurce ckrived, each and every oS wh~ch, it be~ng express~y undastood, a hereby mortgaged as if spea(icaYy ut fath and deKribed in ihe g~anring and
habendum ctavses herrof, and such Receiver sha11 have atl the broad and effect;ve funct~ons and powers in anyw~se entrusted by : Court to a Recriver, a~d
s~ch aFpointment shall be made by such Court as sn adnitted epuity and a mattcr of absolu~e r~gh~ to said MORTGi.GEE, and w~thoul reference to the
a.iequacy or inadequacy of the ralue of the ~.operty mprtgsged at to ~he w;venty or msotvency a( said Nl7RlGAGQR or the delendanrs, rnd thst sucb
rrms, profits, income, issues snd revenues shall be spplied by such Recciver sccwd~ng to ~he tie~ or cquity of sa~d MORTGAGEE and the practice of such
Court.
8. To duly, promptty and fully pe?iorm, d~scharge, sncecute, effect, complere, comply wi~h ar,d abide by each and every the stipuiarian, agreements,
conditians and covenanrs in sa,d promisspry note and this mortgage set forth.
9. That in the eve~t tF?e ownership of the rnpr!gayed ptemis~a, d any part lhrreof, becomes vestcd in a ptr:on other than the 11RORTGAGOR, the
':.ORTGAGEE, its successors and assgns, may, w~fhout r.otice to tF+e J110RTGAOR, deal w~fh such successa o~ s~ccessw in interes! with reference to this
~,o•rgage and the debt hereby secured in the same manne~ as w~th Nlortgagor w:thout in any way vitiaiing w d~schargirx,~ tF?e Mortgagori liability F?er~
under w upon the debf hereby secured. No sale of the prem~ses hereby morrgaged and r.o forbearance on ti~e part of tt~e MORTGAGEE ur i~s successors
er assigns and no extensiQe of the t~me fa the paymenl of the debt hereby secured giren by the MORTGAGEE o~ its svctessas or au:gns, „'wll operate
ro reiease, d~uharge, modify change a affect the orgirr~t Iiaoi6ry of ttu MORTGAGOR herein, eittxr in whole or in part.
10- It is spedf;cally agreed that time is of the esunce cf th~s co~tract and that r+o waiver of any obt~ga~~on ?~ereunder u of the ob~igation se-
cured hereby shall at any time rhereafter be haki to be a waiver of the terms Fereof or o/ tt+e instrument secured herby. ;
11. In a~d:tio~ ta the forego:ng mor.tF.iy pdymeMS of p:inc'pal and interest required D; the prom;ssory no!e secured hereby, mortgagar covenants ~
and agrees to pay to rr.o:tgagee n~th each monthly payment an add~rional sum esnn,ared 'oy moctgagee to be eqoal to l; 12 of the annual cost of the follpw-
~ng:
A-All real properry taxrs lev~e3 w assessed agai~sst ~nc a6ove dex~ibad real esrate.
B-Premiims on fire and windsrorm insurartce as herein reyu:red to be carried on the imnrovements situate on the sbove' dascribe+~ p?ensisas_
C-Premiwns on such mortgaqe g~a~anry er.sara.:ce as mo~tgagee ehaSl !rorr t:me to time deem fit to carry on tM loan setured hereby_
M.o~tgagee shail from time fo t~me notify rnortgagor in writ~ng of ti,e amount due and payablc hereu~~ a~d such wrn snat! therevpnrt be due and
_.ayable oe the due date of ?he next monthty payment and each successive rnonth the.eafrer ur.ri! mor!gagee shall notify mo~tgagor of a change in such
a--~ount_ $uch sums sF.a:l be applied by mwtgagee toward the payment of real p~operty taxes, iosurante e:r:~ms, a~xl mortgage guaranty insurance
~remiums. ,
IN ~AIITNE55 'lJHfREOf, the w~d MORIGAGOR has hereunto sef his hand and zeal 11x day year i:st a id.
_ Signed. Seaied and delivered in the presence of:
~ K-aq
- M C 1
` (Sea9
~l'~-~1c.~- B son 2alle
STATE OF FlOR10A ~ ~
COUNTY Of $t. jdiCl@ ~
1
' 8efwe ~+e pe~wnally appeaied -M- C~ ?~11@V
E. Ione Talley his wife, to me well krawn and known to me to be ?
~he ind~viduata described in and who e~eecured the fo?egu~ng instrument, and ackrwwlrJged befwe me that they executed the same for the purposes
ther~~~ exa~,xa. ou,d t~ taid Ione Talley
,~~f~ of ~~a M- c. 2alley :
u . ~rr.+s...~d ~.~,,,:e
examinstion by me take~ sepa~ate and apart irom her sa~d huaband, acknowledged to a~d before me that she executed sai2l~~~m~nt fitesly snd vo;un-
tar~ly and wifho~t any compulsion, co~straint, appreyhe~` ;on, fear of w from her said husband. '
WITNESS my hand and offic:al usl this ~s~G~J /C.~ day of Februar - j4 ~q~
. , - J
~
Notary Public in and th! '
fy? ¢ of ida at~~r~!
A1y Comm~ssion e~cpirel; = - •
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Retum To: ~ - ~ ~ ~ ~ dr .
First federsl Sav~nga 3 loan Associat~on ~C..$TA~d
~QR~~ ~ uRGE
Of turt P:erCe. ~i S~ 19~
Fort P~erte, ilorida ~OIIQ~ ~ ~j~ ~ ~
fIlEO AtID R~C(}RDEO
This Instrument Prepared By Dennis F. HoleZ eZ ST.lUC1E ~OUNTY F~A.
9 ROC:R fl~lTqA$ C~
First Federal Savings 8~ loan Association CIERK C~~:CiJiT COURT
of Fort Pierce ~ Floride? RECO~?R VE~st,E,~~~
CF.ecked By ~~0 1~ 1S !!!7 ~~3
CV~~~~~. ~ac~1~~7 2485Q4
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