HomeMy WebLinkAbout2144 To plat~ and continuou~ly keep on ~M twi!dir~gt now a Mresl~N dtw~~ on said I~nd and a+ all equipm~m ~nd pawnafly covaed by Ihif ma1¢
p~, with ~II p~emiumt thereon pa~d in fu11, liw insuranc~ in 1M u~ual sundard policy lorm, in • sun+ approv~d by tM MOR(GAGEE, •nd windi~orm
~nwr~nc~ in ~h~ ~~wl Nanda~d pol~q Iq~~r, in ~ sum approv~d by ~M NIORTGAGEE, in wch company w companies ~h~ MORiGAGEE ~nay
dincts •~d all ~iro ~nd wind~rorm inawanc~ policie~ on u?y oF uid lwild~np~, ~~y tnt~~~~t tMrein a parl tM~w}, in th~ a~qre9N~ wm ~la~Nid w
In eac~a ~her~of, shall con~ain the ~~rsual sundard maryape~ clauie a svch od+N clww ~a tM Maipa9a~ m~y requ~r~. maki~p 1}.~ bsf unda ~s~d poli~
ciN, ~ach ~nd ~vKy, p~yabl~ b isid MORTGAGEE as i~s iroere~t may app~ar, and e~ch and everyr iuch po~~cy ~hatl b~ promp~ly •u.pred a~~d delivered ~o •
~ny held by s~id MORiGAGEE +s funher secvrity to said mortyay~ debt, and, ~w1 I~u th~n t~n (10) days In +dvanc~ of ~M ~xpiration ol ~Kh pOlity, 1o da 1
IivM tO Nid MORTGAGEE a r~Mwd thtreof, ta~1Mr wilh a rKe~pt fot tht pr~+nium of tuth renewal: ~nd 1Mr~ aMll b~ no firs or wi~dstonn iniura~u 4
pl~c~d on ~~y of said buildi~ps. ~ny intar~it ther~in or part ?hKeof, unMs~ in tM twm and with IM Iwt p~yabl~ ai ~fa~s~id; ~nd ~n ~M ev~n1 ~ny ~um f
of mon~y becom~s payable unde+ ~~th polity a policie~ iaid MORTGAGEE sMll haw tF» optio~ to receiva and +pply tl+e iune on acco„n~ ot th~ ind~beed- ~
neu acurtd htreby a W permit said MORTGAGORS 10 ~eceiw and use it w any part thereof lo~ othcr purposes, w~~ho~t ~ha•a o~ wz ~•+i~u~ o~ ~mpair• '
inp ~ny puity, lien w right under or by virtw of this mortQa9e; ud in IM evcnt said MORTGAGpRS shalt fw ~ny reasa~ i~il to keep tM said premi~es so ~
ins~red, or fai) to dslivN pomplly ~ny of said policies of iniur~~te to uid MORTGAGEE, a f~il promptly to psy fully any premium therefor p in any
respect fail to pKfwr~, d~schuge, execute, eiFact, complete, comply wilh u+d +bids by this tovenant, w any part htreof, ~a~d MORTGtiGEE may pl~ce and
pay fw such insuretxe ~w ~~y part thereof without waivinp q ~ffectinq any optia+, litn, puity, u riyht undet w by virtw of this Mwtgage, ~nd the
tull amounl of ~ach and every sucA p~ymen? shall be immediately dw and payable ~nd shall bear imera~~ from ths da~e thereo( u~~il paid ~M ~at~ of
ni~e psr temum pe~ annum and together with iuth interest shall be secured by 1M lit~? of this matqaye.
1. To pKmit, tommit ot auffer no waste, Impairmenf w tkter'aration of said p?operty w any put thereof. '
S. To pay all and singulu the costs, cMrges and eap~nxs, including a reasonable attwney i fee snd wsrs of absiracts of ~;tle, incurred or pa~d at ~
any time by said MORTGAGfE, because or in the event of Ihe failure on the part of ths said MORTGAGOR Io duly, p~ompNy and futfy pertorm, dixhsrge,
execute, effctt, complets, comply w~th and abtde b~ exh and every the stipula~ions, agreemenn, conditions. +nd cownann of said p~om~swry noro and thw
mortpag~ any or ~itF~, and said costs, cMryef ~nd expenses, each and every, iMll be immediately dw and payable; whether p rw~ there be no~ice de~
mand, ~ttempt fo colktt or svit peoding; and the full amount of e~th and every such payment ihall bear interes~ from the date thercp! until paid at the
rate of nine per centum per annum; and all said costs, charges and expenses incurred or paid, together with such interest, thall be securad by the lien of thw
mwtpaQ~.
6. That (s) in the erent of any breach of this Mortgsge w defaulf on 1M part of the MORTGAGOR, or (b) in the evrnt sny of ssid sums of money
herein refer~ed to be not promptly snd fully paid wi~hin thirty (30) days next after the same severatly become due and psyable, witlaW demand or notice,
o? (rJ in the evem each and every the stipulations, agreements, conditions and covuunts o( sald promiuory note and th~s mortgage ~ny o~ either ue nol
~vly, prompdy i~d iutly performed, dixharged, executed, effectcd, completed, complied with and abided ~iy, then in either w any iuch eveM 1he said ag
gregate wm mentiooed in said promissory ~ote the~ remaining u~paid, with interest atuued, and all moneys setured hereby, shall become due ~nd p~y-
abte fathwith, or thereafter, at tF?e option of said'MORTGAGEE, as fully and complNely as if all of the wid sums of money were aiginally it~pulated.
to be pa7d on such.day, anything in said prom~uwy note w in this Mortgage to the contrary notwithstanding; and thereupon w the~eaftea at the option of
said MORTGAGEE, without notice a dema~d, suit at law or in equity, there(we w Ihereafter beg~n, may be prosecuted as if all moneys ucured hereby
had marured pr~w ro ns instirution.
7. That in the event that at the beginning of or at any time pending any svit upon this Mortgsga, or to foreclose it, w to refwm it, w to enforce _
paymeM of any claims hcreu~ckr, seid MORTGAGEE shall apply to the Court having jurisdicrion thereof (or the appointmcnt o~ a Receiver, such Cour1 sfiall
forthwith appo;nt a receiver of said m«tgsged property all and singular, includcng all and singular the income, profits, issues and revenues from whateve~
wurce derived, each and every of wh~ch, it been~ expressly unden~ood, is he~eby mortgaged as if specifically set forth and deaaibed in 1F?e yranting and
habendum clauses hereof, and such Receiver shail have all the broad and effective fund~ons and powers in anywise entruited by a Cou~t to a Receiver, and
such sppointment shall be made by such Court as an admitted equity and a matte~ of absolute r~qht to ssid MORTGAGEE, ~nd without reference to the
adequaty or inadequaty of the value of the property mortgsged w to the sotvency or insolverxy of said MORiGAGOR a the defendants, and that such
rents, profits, income, iuues snd revenues ~hall be applied by such Receiver accwding to the lien w equity o( said MORTGAGEE and the practice of such
Court.
8. To duly, promptly and /ully per(orm, discharge, execute, efiect, complete, comply with and abide by each and every the stipulations, ~greeme~is,
condi~ions snd covenants in sa~d promissory note and this mortgage ut forth_
9. That in the event the ownership of ths mortgaged prernises, w any part thereof, becomes vested in a penon other than Ihe MORTGAGOR, the
MORTGAGEE, its successors and ass~gns, may, without notice to the MORTGAOR, deal with such succeuw a• successor in interest with reference to ihis
mortgage and the debt hereby secured in the same manner as with Mortgagor withouf in any way vitiating a d~scharging the Mortgagors' liability hera
under or upon the debt hereby secured. No sale of the premises hereby mortgsged end no (orbearante on the part of Ihe MORTGAGEE w ifs sutcessors
or assigns snd no exfension of the time for the payment of the debt hereby secured given by the MORTGAGEE or its successors or•assigns, shall operate
to release, discharge, modify change or aFfect the original Iiability of the AM1ORTGAGOR herein, eithe~ in whole or in part.
10. It is specificatly agreed that time is af the euence of this contrad and that no w~iver of any obligation hereunder or of the obligation sa
cured hereby shall at any time thereafter be held 1o be s waiver of the terms hereof or of the instrument secured herby.
I1. 1n add~tion to the fwego:ng mo~thly payments of princ'pal snd interest req~ired by the promissory nole secured hereby, mortgagor tovenants
and agrees to pay to mortgagee with each mon~hly payment an addiiional sum estimated by mortgagee to be equal to 1/12 of the annual cost of the folfow-
ing:
A-All real property taxes levied or assessed against the •above described real estate.
B-Piemiums on fire and windstorm insurance as herein requ~red to be carried on the improvements situate on tFie above descr6bed premises.
C-Premiums on such mortgage guaranty insurar~ce as morlgagee shall from t~me to time deem fit to carry on the loan setured hereby.
Mwtgagee shatl from time to time notify mortgagor in writing of tFu amount due and payable hereunder and such sum shall thereupon be due and
i~ payable on the due date of the neat monthty payment and each successive moNh thereafter urtil mortgagee shall notify mortgafjor of a change in such
~ amounf. $uch sums shatl be applied by matgagee toward the payment of real property taxes, insurance prem~ums, and morigage guaranty insurante
~ premiums_
IN WITNE55 WHEREOF, the said MORTGAGOR has hereunlo xt his hand and seal the day and, ar fir t af~d. ^/~~~t~
Signed, Sealed snd deliver in the preunce of: ~J ~'~~~st1
rah A. No 11 ,n
~ . , a~
' ie R Rudd (Seaq
STATE OF FLORtDA ~ - •
St. Lticie ~
couNrr oF
s~fa~ ~ nonally appeared ~~zah A. Nozvell, a single adnlt and Jonnie R. 8udd, ~ t
d S~ngle a~llit yis,wif~ to me well known and known to me to bs ~
the individuals described in snd who executed the foregoing instrument, and ackrwwledged before me that they executed the same fw tFa p~?rposes
rherein expressed. ~{Qtj ~
if d s~ .v~t~
~ anrr~tioq ~y ~rr aak~r?.a~reMlt~sw~ spsA 4raw i+e+-sai~ 1~vsban~ x~noakdged 1o~w+~ beFOr~ rt?C tfist~ll~efclrotl~ ssld'~nsRUMem'f~ ~iel0lr ~
tarily~.i~d~ii60rLany.cYr~I~iowr~owaM~iMT wa~n,~iese-of~frererfierseFc~l~osbw~d. ~ ' s
~ WITNE55 my hand and official seal thi day o ~zC AC D. 19 73
~
~ Notary Public in and for the ate of 'F ~t lxp~
~ : My Commiu'an expires: ~ • _ . ' t
Return Ta ~
~ First Federal Savings ~ Loan Association v~, ' ~ • ~ '
Of Fort P~ercc. NQfABY_ PUBUC~ ~TAT~ p{ FLdRIQA !t (AIiGE ~
Fort P~erce. Flor~da 25141'7 ~~~~~~1~~ ~R~ ~E¢.`-~f 1975 /
eonded tnry c~~,~~ ~~s ~~e D7lf+'Alten. `
~ ANO RECOIlOEp ~ s`~,~ J
~ This Instrument Prepared By RiChatd K. Ks es fiLEO
Y St.~U01E COUNTY fLA.
First Federal Savings b loan Association ROCEP. POITIIAS ~y
of Fort Pierce ~ Rlozida CLERK Ct3GU~T COU~T
~ RECARO vER~f ~E~
Checked By ~ 5 4 23 PM j:
. . .a~Kz~z ~zi.4~