HomeMy WebLinkAbout2140 J. To plac~ ~nd coNinvously tMp on th~ buildinps ~ow w ha~attN utu~N oa ~~id tMd ~nd on ~11 eqviprnen~ ~nd pMwn~ity cowrsd by ~hi~ map~ .
~p~„ wi~h all premiwns thereon pad in luil, f~r~ Msur~nc~ in ~M ~swl suaderd poticy fae?, in • w~n +pp~or~d by tM NWRfGAGEE. ~~+d wind~~a~n
irawanc~ in tM ~swl aand~.d pol~cy fw~n, in • wen approv~d by ~M MORTGAGEE. In wcA compa~y o~ cornWn+e~ u tM MORTGA(ifE m+y
dr~ctt «+d dl fin a+d wie~arm irowaew~ po~Ki~s on ~ny of Ni{I bVildM~f. My G1fHHt tllNflfl M p~r~ ~hereof, in th~ py.~y~~~ w~, ~la~said o~
In uiaa ~M.wt, sMll contain N» usual standud mor~p+pN clavw or wci+ aM. clavs~ .s ~M Marop.. m~y rpuv~. makinp ~M tos~ unda sr~d polE
ci~s. ~ach ~nd wNy. Wyabl~ b~id MORTGAGEE a iH in~ere~l m~y ~pp~ar. ~+d sacA and ~vMy s~ch po~icY ~hall b~ promp~ly ~ss.yned ~nd dNivHed ro
a+y Mld by sa~d MORTGAGEE as tu.~hM sacwity a ti+id ma?yape dsW, and, Iql Ifff IIM11 fM (~O) ~y~ ~~Mt~ O~ tl» ~xpir~tion of each policy, to da
IivM q said MORTGAGEE • r~new~l rMhof. to~~1+K wi~h • ~~pip1 io~ th~ pr~rnivm o~ wch re~xw~lj u~d ~Fwn ~MII b~ no f~r~ w wind~~am inwraoca
plaad on ~ny of iaid buiidinps, ~eiy inNr~st ~ein a pu1 thNwf. w+l~u in tM farn and with th~ loa p~yabb a afa~iaidt a~d in tM ~v~nt ~ny ~wn
of mw~r becomts payaW~ u~der wch policy or polici~s ~+id MORTGAGEE ~hall haw tFN optio~ ~o r~ceiw and spply tM s+m~ on atto~n~ of the ind~b~ad
ness ~ecv.~d Mr~by a a p~rm~t s~id MORTGAGORS ro rsuiw and us~ it or any pirt thlrlpl fo~ Othcr purpoSes. wilhout therEb/ waivi~ig O~ unpai~. .
i++p anY pu~ty. I~en a ~yh~ u~da~ w by virtw of this mort~s +nd in th~ ~ven~ ~a~d MCRTGAGORS ~hall fa ~~y reason i~il fo ke~p tM aid p~misrs w
inswsd, w fai) q dtlivK promptly ~ny oi said polities of iraurant~ to s+id MORTGAGfE. a fail promptty ro pay fully ~ny premium therefa or in snY
.••pea fail a p..fonn, d~xha.~.. ~xecvte. ~ff~ct. con~pl~te, comply with +od ~bid~ by this aow~ant, a ~ny pa~t haeof, said MORTGAGEE may piscc ~nd
paY ia wch imu.ane~ a any put thereof without w~IvNg w affectinp ae~r optio~, liert, equity. w ripht vr~ w by virtw of ~his Matpa~s. ~nd the
h,ll ~na~nt of esch and wKr ~+cA p~ym~et ~h+ll b~ irnmediattly dw and piyabl~ and shsll b~a~ intere~t from tM dat~ thereof until paid tl 1M raN ol
ni~r per cenhnn p~r arrwm and to~the~ with suth interest shall be secu~ed by th~ li~n of this mwtyap~.
1. To pKmit, cwneut o~ wffer no wute, impairment w detaiwdion of said proptrty or +ny puf tM~eof.
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S, io p~y ~II aed sirg~lar the oosls. ch+rpes and eape~ses, including a reaionabk anorney's fe~ and wsts of abstrscts of title, incurred or pa~d at ;
sny time by said MORTGAGfE, becaus~ or in th~ ewnt of ~h~ f~ilwe on the part oi tFw said MORTGAGOR ro duly, promptly ~nd fully petform, dixharys. ~
eaecvt~. effstt, eomplet~, comply with ~nd ab~ by ~ath a~d every t!a itipulations, ayreemenn, conditions, and covena~n of said promiuory note and thi:
mwqa~ ~nr a a~he.. acd sa~d costs, char9es and expenses, each and every. sh+tl b~ immediately due +nd payable: whether a not there be oorice d~
mand, a»empt W colkct a wit pe~~d~np; and tM full aew~x?t of each u~d eve~y such payment sMll bea. interes~ f~om ~he date tFKreof u~til p~id ~1 the ~
.aee of nine pe~ centum per arrwm; aod all said costs, chuges and expenses ~ncur~ed or p+id, together with ~uch interest, shall be secured by the lien of thu ;
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mort~~-
b, Thst in th~ waM of ~ny breacA of this MortysQe w defavlr on fhe psrt of ths AIIORTGAGOR a(b) in tM evenf ~ny of said sums of ma~ey ~
hercin rtfen~d w b~ ~wt promptly ~nd fuly p~id within thirty (30) days neat aftet the same teverally becane due and payabk, without demand w notite.
or (V in tht eveot each and evsry the stipulations, a9reements, conditions a~d cover?snts of sa~d promissory note and this mwtga9e a~y u either are rw1 ~
iuly. promptly u~d fulty performed. disc!?arped, eaecvted, effected, compkted, complied with snd ab~ded by, then in eithcr or ~ny iuch evenf the said ag
gregate wm mentia+ed in said promissory rara then ramaininp u~paid, with interest acuued, and all moneys xcured hcreby, shsll become dw snd pay-
able forthwit!?, or thlreafter, at the option of said N10RTGAGEE, u fvlly and complete~y as if all of t!x said wms of money were wiginally stipulated
to be p~id on wch dsy, aeything in said promiuwy ~ofe or in this Mwtgage to the contrary notwithstsnding; a~d thereupon or thereafte~ at the optan of
sa~d MORTGAGEE. WitFlOt11 f101itf Ot demand, suit at law or in eqvity~ 1F1!!lfOfQ 6I 1F1lfNItN begu~+, may be prosecuted es if ~II monays secured hereby
nad manxed P.ar w in insutw~on.
7. Thaf in the event that at the beginning of w at any time pendFng ~~y suit upon this Mwtgage, a to fweclox H, or to rofo?m it, a to enforce
payment of any daimt hae~rader, said MORTGAGEE sha~l apply to the Court having jurisd:dion thereof for the +ppo~ntment of a Receiver, such Courf shail s
forthwith appoint a receiver of said morty~ged prope+ly +nd sugulu, indudmg all and singutar the income, profits, issues and ~evenues from whatever
source draived, each and every of v?h~ch, „ be+rg expressly unde~stood. is hereby mwtg+ged ss if speufKatly set forth and dewibed in 1he yranting and
habend~wn clauses hereof. and such Receiver shsU have all the broad and effecrive func~~ons and powen in ~nywise entrusted by a Court to a Receiver. and ~
such appantment shall be made by wch Cowt as a~ admitted equity and a matter of absolute right to said MORTGAGEE. end withoul mference to the
adequxy a in~dequaty of the v~lue of the property mortgaged w to the wlvency or insolvency of said MORTGAGOR w the defendann, and that such
re~n, profits, urcome, issues u~d rwenues shall be ~pplied by :uch Receiver xcordi~ to the lien w equity of said MORTGAGEE and the prsctice of wch
Cowt.
8. To duly, prornptly and fu1Fy perfwm, d[scharye, execute, effect, corrplete, comply with and abide by each and every the stipulations, agreements,
condifioro and covenanfs in said promissory note ard this mortgage xt forth. .
9. That in the event the ownersl~ip of the mortga9ed premises, a any part thereof, becomes vested in s person othe~ than the MORTGAGOR, the ;
MORTGAGEE, its svccessors and augns, may, without notice to the MORTGAOR, deal with such succeuw w successor in imerest with reference to this ~
mortgage and the debt hereby xcvred in the same manner as with Mortgagw without in any way vitiating w dixharging the Mortgagon' liability here- ~
under or upori tFK debt hereby secured_ No sste of the Fremises hereby mwtgaged and no forbearance on the pah of the MORTGAGEE or its svccesso~s ~
or auigen a~d no extension of the time fw the payme~t of the debt hereby secured g"rven by the MORTGAGEE or its successors w auigns, shall operate
ro refease, disthar9c, aadify change ot affect the origi+wl liability of the MORiGAGOR herei~, either in whole w in part.
10. It ia spec~fically ag~eed tMt time h of the essence of this coMroct and that no waive~ of any obligation hereunder or of the obligation se- ~
cvred hereby shall ~t any time thereaher ba held to be s waiver of the tetms hereof a of the instrument aecured herby.
11_ lo add~tio.~ to the forego:ng monthly payments of prin~pal and interest required by the p~omiuory note secured hereby, mortgagor covenants 4
and agrees to pay ro mortgagee with each ma,thly payment an addi~ional swn estimated by mortgagee to be equal to 1/12 of the annual cost of the follow- 1
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A-All real prope?ty taxes lev~ed or aunsed against the above deuribed real estate.
B-Premiums on tire and windstwm insurar.ce as herein requ~red to be carried on the improveme~ts situate on the above desaibed premises. t
C-Premiums or? such mortgage guaranty insurance as mortgagee shall from time to time deem fit to carry on ?he ban secu~ed hereby. ~
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AAwtgagee shall from time to time nofify mortgagw i~ writirg of the amouM dve and psyabk h~reunder and suth sum shall thereupon be due and
' payable on the due date of the next monthly payment and each successive month theresfte. ur.til mortgagee shall notify mortgagor of a change in such
~ amount. Such sums shail be applied by mwtgagee toward the payment of real property taxes, insurance prem~ums, and mortgage guaranty insurante
i P'emiums. .
~ IN E WHEREOF, the said MORTGAGOR has hereunto set his hand and seal the day and yesr fint aforesaid.
K
~ Sign 1' ed in the presence of: /t !J'-'.
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STATE OF FIORIDA ~ ~ ~
:~v?. !
SS. . ~ Q 4. . .
courm of St . Lucie pF '
6efore me pawnilly appeared David W. Orr '''~.,y~y~
~,ti a~ E
Thelma B. Orr ha wife, to me well known a~n to ~ne to be
the indnidwb desvibed in and who t:ecuted the for instrument, ~nd acknowkdged before me that they executed the same for tF~e purpoaes
~xa~ ~ ,~:d T~ie~ma B. Orr
rvife of the said David W. DII ~pp~ a~rate and private
examirutiw~ by me taken sep~rate and apart from her said husband, adcnowtedged to and before me that she e:ecuted said instr~rrKM freely and voluo-
~arily and without any compulsion, constraint, appre fear of or from her said husband. ~
WITNESS my hsnd and offitial seal thi~ day of ' A. D. 19~_
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Notary Public in a for t tate of Florida at Lsrpe
My Commiuion 'r~s: .
~ First Federsl Savings a loan /?ssociatio~ ~._f "_.~t'?tL.AkG~ ' ~
~ Of Fwt P;erce. ' 1:.'~. T. 1917 ~
~ Fort Pierce. Flo~ida ~ j..~_...,.a. :.S-.'L:` ~G-
fflf0 AMO RECOROEO
This Instrument Prepared By R. L. Stut2 fT.lUC1E COUNTY f~A. L '
First Federal Savings b Loan Association ROCER POITRAB ~
of Fort Pierce , Florida ~fCORO VERIFlEO COU~..~ ~
Checked By~ Ar~ 5 4 z3 PM'73
251415
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