HomeMy WebLinkAbout2027 To pSx~ +nd conrinucwsiy kcep on :he kwkdinfls now w hcrcaf~sr s~tuara on sa~d ~and and on all ryuip:nent and persa+ally covared by ~h+s ma+7
~g~. wi~h s11 pemivms ~hercon W~d in iuil, fi•e ins~.anca m~he uwsl sra~dod po4.cy for~ i~ a sum ap~,ro.ed by the MJR~GAGfE, and w~nds~am
~nsuraa+c~ in tM vw... srenda.d pol,cy f~ra4 in a s~m ~pExored by the MORTGAGEE, ir? iuch company or compan~et .s ~he A~OR[GAGEE may
d~rat; ~~d all f:re end w~nds~orm insurance poGcias on any of w~d bu~td.nps. any iotertsf tF+~rri~ w pa+~ the~eof, in ~he agg~r9ate s~.m ataesaid or
~n ~xcess ~he~cof, sMll ca~tr;n the ~s~:a1 s~anda~d mortge9ae d.+use o~ such oti`er dwss as the Alatpagee m'ay rrqu.re, ma?inp iha loss unckv ia~c' poli-
c:es, sa:h ~nd ave+y, payable to said MORTGAGEE as ~b ~roeres~ ~nay appear, ~nd each and e~e~Y wch po~~cy shaS1 tx pr«r:p~1~ ass g~}ed a~~d dr~~vzr~d +o
+ny hc~d by u~d MORIGAvEi as 1unF~t~ stcvrity to said rtwrtpage drbt, a~+t'. ~w kss than ren (IO) uays in adv. ~xe n( rhe expirat.on of each poi~,y, to da -
live~ ?p said MORTGAGEE a rencwal ~he~Mf, logHher witF a~ete+pt for tM prem;um of suth renewal; and thrre shalt bt no f~re o~ .:~+~duo~m ir,s.,~ance :
plxed on ~nv of sa~d bui~d~ngs, any in~creat the~e~o a part thcreof, unles~ in ~Fk form and w~~h +tr loss payabte as aforesa~d; and ~n ~he evlnt ~ry :um ,
of nwn~y ~cwne~ p~yabfe u~ sucA patity or pol~cies saici MORIGAGfE shaU ha~s ~ha op~:on ~o rece;ve and app~y ~he same a? account of the i~Kirb~rd-
ness secured hereby or W pe~mil aa~d MORTGAGCRS w rrceiw snd uu it p a~y pan ~1,erzof fu a:~r {.urp.3leS. .:.~i,o,.t ih:+~u, u,.::.~ ~ or ~~~;,,.~r-
ing any equ~ty, Ilee a ~:ght unde~ w by virtue of this mo:egage: and in 1M event iad MORTGAGORS shall !w any roaso~ iai! to k~~p ttu sa+d p~emis:s ~o
%~~vred, oi iail b delive~ promplly ~ny of said potkies of insurance to sa~d H10RiGAGEE, a fai! piorptly to pay fv~ly any prr~niu~n th~~~fw a in any
respect fait ro psrfam, d~icharg±, execute, ettect, comple~a, compiy wifh and abide by ~his covenant, os a~y P„~ hereof, said htGKiG:.GCE ::~ay piir> a•d ~
pay fa such insurance or ~ny part thereof w~rhouf waiving w afiectinp any option, lier?, eqvity, or ~~gM w~dev a by vntue ol thls A1orr9age, and the
fv11 amount of each and every such paymem shall b~ ~mrr~ediately d~~~ and payable and shall Dear interes~ fror.~ ~he date thercof u~~il paid a~ the ~a~e ol
n~ne per tentum pN anrwm and to~rihrr N~th such inter~st shali tx srcured by the lien of this mottgage. . "
t. To permit, commit nr suffer no ~vaate, impairrrknt a dete:aratan of said p~operty q ar?y psrt thereof.
S. To pay all and sicgular the costs, cha~ges and expense; inclu~~ng a ~ea~onaale attwney i fee snd cost= of absrrads of t~fte, incwred a paid af
a~y time by said MORiGAGfE, because or in the erent ot 1he la~lu~e on the pa~t of the said MOR:GAGOR ro duly, pranptly and fu~ly perform, o~xherge,
exrcute, e((ec1, eomplete, comp~y w~th and sb:de by each and eve~y the sr~pu~aricr.s, aqreements, ca+d;t;ons, and covenants oi sa~d p~omissory note a»d ~h~s
mortgags ~ny or eiih~y, and sa~d cosn, charg~s and expenses, ea~h ~nd eve~y, sMll be immediately due a~d payeble; whethrr a not thr~e be noeice dr
mand, u~cmpt, ~o colkct o~ sui~ pcnd~ng; and the f~ll amount of each and evcry s:xh paynxn~ shat~ txar interesr from rhe dare thr.eoi unri! p~id »~he
ra~e of n~:~e per cent~m ~xr a~~,v:n; a,~c all sald custs, chs,ges and e¦;.enses :ncurred a pa~d, toy~thrr w~~h such ~nteres~, shall be secured by the Gen of th~~
rnortgage.
6. Ti~at (a) in the event of any breach of ~his Mo?tgage w defau~t on the part of the teIORTGAGOR, or ;b) ~n the eve+~t any of sa:d ~ums of money
herein refared io be not p~omprty and fully paid w'nhin th,.ry (30) days rK,c~ afr~ the same severo:ly become due and payab!e, w+~hout demand or notice,
or (c) in the event each and every the stipula~~ons, agcaements, ca~d~trons and covenams of sa.d promissory no:e and ~h,s nwrtgage a~y o+ e~ther are na
~uly, promptly and fully pe~formed, d~xharge~, eaew~ed, rffectrd, compieted, complied wirh and abrde-d 5y, then ;n e;~her w any such eve~t the sa~d ag
~rcyate sum mentioned in said promissory r.ote then re~raining unpaid, with intrrest accrued, and ail mon~ys secu~ed hereby, shall become due a~d {.+y
ab,r forthwith, or thereafter, at the option of s~~d MORiGAGEE, as fvlty and completely as if afl of tt.e said sums of money were or,g'-~11y st<puia~ed
ro br pa~d on such day, a~yth;ng en sa:d p.an~ssay note or in Ihis Mortgage to ~he co~rrary notwi~h=~and~ng; and ~hereupon w thereafter a~ ehe opt:on of
sn~d MORTGAGEE, w~rhout nofKe or demand, su~t at law or in equity, the~efwe w Ihereal~er brgun, may be proxcv~e~ as if all moneys secured hereby
nad rt+atured pnw to ~rs institu:~on.
7. That in tt+e eve~t thar at ti,e 6eginn;ng of or at any t;me pending any w~t upon this Mortgage, a to foreclose it, or lo refwm it, o~ to enforce
payment of any daims her~under, said MORTGAv~E shalt apply to the Cour~ hav~ng ~ur~sd:c~~en thereof tor ~he appo(ntment of s Receiver, such C~rt shall
forthwith appoint a r~ceiver of said r-;;*~~aged property ait and singuta?, includ,ng a11 and s~ngu~a~ the :ncome, pief,rs, iuues and revenues Irom whatever
se„rce derived, each and svery of which, it being eapress:y undorstood, ia hereby mw~gaged as ~f speuficalty xt fo~th and dexribed in the graoting and
h~bendum clauses hereof, and such Receiver shalt Mve ail the broad and effect+ve funce.ons a:,d powers in anyw~se entruated by a Court to a Rrcrive., and
s_ch appointment shaU be made by suth Coun as an ad,»irted equity and a ma~tcr of absolutc :~ght to said MORiGAGEE, and withovt rcference to the
adequuy w inadequacy ol the value of tl+e p•operty mortgaged or to the w~vency a:~solvency of sa~d tJIORiGAGOR or the defendants, and that :uch
re~rs, profits, incorne. issves and revenues shall be apptied by such Recrivrr accord~~~g to the iien o~ eqv~ry of sa;d MORiGAGEE and the practice of such
Court.
8. To d~ly, promptly and fuUy pcrform, discharge, exr_~tc, eff~t, complete, con~ply with and ab~de by each and every the stipv~ations, agr~me~ts,
conditans and covenrnts ~n sa~d promissory no~e and this mortgage ut forth. -
9. That in the event tF+e ownenhio of fhe mortgaged p~em~ses, or any part thereof, becomes vest~d in a person o~her than the MORTGAGOR, th~
k.OR7GAGEE, its successas and au~gns, may, wi~hout not~ce to tTe MORiGAOR, deal we~h svch successw w succeswr ~n interest wi~h referer~ce to this
~~o~tgage and the d>bt hereby secured in the same mann¢r as with N.orrgagor w~thout in any way vitEating w d~scharginy the Ltt.-tgagors' liability htre.
under or upon tht debt hr~eby sec~.ed. No saie of the p~em~ses hrreby mortgaged cr.d no fwbearance on the part of the MORTGAGEE w its successws
or ass:gns arx! no exte~sion o( the time fo~ the payment of the debt he.eby secured g~ven by the M0~2iGAGEE or its successws or assigns, a~wll operate
ro release, d~scharge, mod~fy change w affect the orig;nal I~ao~f~ry of rhe MORfGAGOR herein, eifher in »hole or in part.
T0. ft is spec~ficatty agreed rhat time is of the essence of fh;s contract and that no waiver of any obl~gat~or. hereunder w af the obligation se-
cured hereby shali at any time thereafter be held to be a waiver of the terms hereot or of the +nstrumem secured herby_
11. In add:tio~ fo the foreqo"ng rt~cnth!y ~aYmcrtis of pr;nc pal and in~erest requ~red by the prom;ssory ne!E secured hereb~, martgagor cwenants
and agrees to pay to mortgagee veitn each month:y payr,-erzt a~ arld~r~onal sum est~~r.a~ed by mortgagee to be equal te 1; i2 of ttie annual cost of the follow-
"'g:
A-A!t real peoperty taxes lev:ed o+ res~ssed aga~•~st the above dezcr~bcd reat rstate.
B-P~em~ums o~ fir~ and windstorm ~ns~rar:ce as nere~n req~:red tu be carr~ed e~~ tf~e improve+nents s~t~ate on the above d~scribed premises.
C-Premiums o~ such morrg~ge guaranty ir.sva..ce as rr:o•rgagee sha~i from tme to ti,ne deem fit to carry on the loan secured hereby.
Mortgagee ai~aii from time to time no:ify mongagor ~n w~it~ng of the amou~t due and payable tureundrr snd such wm shafl thereupon be duz and
;.ayaSle on the d~e date oi the nent mo~thiy paymem and each svccessive rnonth thereaft~r ur,til mutgagee shaH not;fy mortgagor of a change in such
a~iou~t. Such sums sF.a:l be app!ied by mortgagc~ raw~ard rhe pa~ment of real property laxes, insurance prem.ums, a:~d mwtgaga guaranty insurante
a-emiumS.
IN \~ITNESS VlHER~OF, the sa~d MORTGAGOR F.as hereunto set his hand and scal the day and year first aforesaid.
Signed, Seafed and defivered in the prexnce of: /7
~ /~7 ~ 7~ !se+4
/ C/~ - - - = ~T~. ~r~n . t~an ~sean
L
cseaq
~ ~~f YN 4~'C~ t5ea1) -
STATE OF FtORtOA - ~rY ue Alt~an
couNrr oF St . Lt~c ie
~
Befwe me personally appeared BdfI2l3 l.. ~.t1~A
and
~Z}/ Sue Altnan hi~ wife, ta me weU kn~o,y,~n and ki~p~p~l3o n~e to be
!he individua(s desuibed in and who executed the foregoirv~ instrument, and acknprvledged befwe me that they exetutlK"~A- iame "'io~ ~~p~ppsq
Mary ~ue Alt~an ...n:..~:~,..
rherein expressed. And the said
,.,:fe of the sa~d Bd~ein L. Altaan r' ypa?t •a -aeparate'sno~, wte
examination by me ta4en separate and apart irom her sa~d husba~d, ack~owledged to and befwe me that ahe axetz;'j.a,•ia:}~'instruraent freelY dFd'vplun-
~ari;y and wirhout any compu~sion, const~aint, appre h ens~ ot fear of or from her said huaband. 1" ~
WITNESS my hand and ofFicia! seal thii day of .~~'{~j~~q•.73
, ~ ' . -i
_ ~ ~ ,l _
Notary Pubiic in and fw tljelelate df'Fibti t La~
Rrturn To: My Comm~ssion expires: l~ . .
First Federal $avings ~ loan Asso:iat~on ~ ~ ~A ~
Of ~ort P:erce. YY COMYJ$SION~(~~$•SEP~. 25. 1B7S
8or~deQ 8p AtJl~icaD B~an,ctrs Insu~anCe ~o.
Fort Pierce, Florida
F~t~ti x~~~ cv~aEo
fT Li1G: 1J:1l1JT Ft~.
This Instrument Prepared By Wm• E. Braun RO~i =:'+iTRAS
First Federal Savings 8 Loan Associaiion . ~~-EaX ;.~•=••3:T ;,OURT ~
of Fort Pierce ~~~"~:u~y:'
, Rlorida
Checked By _ PMI~ T i!; t6 AM'73 z491'75
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