HomeMy WebLinkAbout1227 to place ar~d cauirwously kMp on ~h~ buitdinps now o~ hK~afta sitwh o~ said land u+d on atl puipn~nt ~~d pKSOn+tly aowr~d by this mat~
aq~. witl~ ~Ii pnmiwns iFwwn p~~d in full, fin inswanc~ in tiK uswl ~rudwd policy fonn, N• awn approwd by tF~ AtiORTGAGEf, u~d wimbtam
irow+nc~ in N» wwl ~+andard pot~ form, in a wm approwd by tM MORTGJIGEE, In wd~ aompany o~ canpaaas a?!N MORIGAGEE m+y
dinctr «d ~U tir~ «+d wi~a.m iraw~na poiicies on ~ny of s~id build'aps„ ~eqr in?~.a~ th~.Nn a put tMrwf, Ln f!v ap9rpaq wm a(«ewid o~ ~
b ~xass tlwrwf, sMii oomain Uw vw+l itudard mwtqapN ciaus~ a wd? alw d+vs~ a ~M Mwp+pN may ~pv+n. makinp rh~ loa unda ad po1F +
~Y. WY+bb b ~aid MORTG/1GEE a in intsrest may ~ppw. and Nch and ~wry wth policy aMll b~ promplly ~•pned w+d d~livKed lo
~nr hNd bp s~id MORTGAGEE a funha ~twrity ~o s~id mon9ap~ d~bL ud. ~w1 Isss th~n Nn (1~ dap in advarw of tM ~xpi~ation of ~ad~ policy, ro d~-
liwr to wid MORTGAGfE • r~wal tAsr~of. topetlwr with ~ r~taipt fa tlw pr~miwn of wch neew~la ~nd tiw~ ahall b~ nc f'u~ a winds~am inwr~nc~
p~aad m~r of said b~+ild'u~p~, ~ny k?m~st tMr~ie w put thawf. unbs~ in tlw iwm ~nd with tM ba payabi~ as ~fwes~id~ N~ in 1IM lvMi My swn
of moMY becana p+yaW~ w+dK wch po(icy w polKies said MORTGIIGEE shall haw rM option w noeiw and ipply tM san+~ on +ccount of tM i~?d~bted-
rnss s~cw~d Iwr~by w w pNmi? isid MpRTGAGORS to r~iw and uw N a a~y pa~f thereof tor othe~ pwposea. wi~hout the.eb~ wai~inp a unpai.-
inp any pu~ty. {i~n w rgh~ w+dsr at by virtu~ of this mortp~j ~nd in th~ ~veM pid MORTG/lGORS shail fw sny rtsson fail to k~tp the uid pemises so
inwnd. w fdl ro deliver prompily any oi said polities of irawinq ro said MORTGAGEE. a f~il promptly to pay fully ~ny pr~mium therefa o~ ln any
r~sp~ct Fail b p«fwn~, dixharye. ~xecut~, ~fied, compl~te, comply with and ~bid~ by this aownant, a aoy pan her~of, said MORTGAGEE m~y plaee a~+d
P+Y fa K+d~ 1mw+na w~n1r part thereof witho~t waiviry w aff~ctinp any op~ion, Il~n, pu7ty, a ripht unde. a by vir~w ot this Mortqay~, a~+d the
fvll areaw~t of each and w~ry such p~ynNnt ~h+ll be immediat~y dw and psyable and sMll bear k?terat from tF» dat~ the~eof uMil paid st th~ rate ol
nin~ pu c~ntvm pN amum and rope~her with such inrerest ih~ll bs sacurod by tM li~n of this mortpap~.
1. To psrmit, aomnut or wffa no wut~, irnpairmem or de~aiontion of said property or arty pirt ther~of. ,
5. To pay al~ and sinputsr tlw cos», charp~s and sxparaeR, includirg a reasonabls attaney's fee and oosn of abstr~cts of titl~, incuned or psid. at
arry time by said MpRiGAGEE, betavat or in the tve~?t of the fsilwe on the psn of the ssid MORTGAGOR to duly, promptly and fully perfwm, d~schs.ps,
execut~, ~ffsct, aornpkte, oon+ply with and ab;de by each ud every the stipulatio~s, ~yreements, conditioia. and cownsnss of ssid prom;ssory note snd this '
mwtpap~ any a ei?ha. ~nd said costs„ charyes aed experws, e~d? +ed every, sh~ll b~ bnmediately dw ~nd p~ysble: whether or not there be notice dQ
mand, anempt ro oolkn a wit pMd'N,ys +nd rM full anavnt of exh and avery wch paymen~ sh~t1 bes. i~~eresr from rhs dat~ ~hereof unril p.td •t ~M
rate of nine per centum per uuwm; and all said oosts, chuges and expcnses incwrtd ot p~id, to9tther with wth iotere~t, slw~l bt aecured by tM lien of thu
^arqp~-
6. Th+t (a) in the ~wnt of any bead+ of this Matgap~ w default on ths part of th~ MORTGAGOR, a(b) in th~ eva+t any of said wms of monsy
herein refen~d to bs no1 proa~pfly and fully paid wifhin thirty (3p1 daya next aher the ssine severalty become d~e and payable. without demand w notice.
or W in tha ew~t each and evuy the stipulations, ~greements, conditans snd coven~nb of said prcmiuory note and th~~ mort~s~e ~ny or either an rtot
iuly, promptly u+d fu11y perfonned, d~sch~r9ed, execvted, effected, compkted, complied with ~nd abided byr, then in either or sny wch event tM said sg~
p~eyate swn menfioned in said promissory note then remsininp unpa;d, with inte~est sccrued. and all moneya secvred herebY. shall become dw and pay-
sble forthwith, p tF~QfNftN~ at ttr opt~on of said MORTGAGEE, n fully ard compk~ely as if all of ths said sums of ma~sy were wgin~tly sNputated
to be psid on s~ch daY, anythiny in wid p~omissery noro a In this Mortpape to ihe contruy notwithatanding; ~nd therwpon w the~eahsr at the option of
sa~d MORTGAGEE, withoul notice a demand. wit at law w in eqvity, therefwe or thereaher begun, may be prosecuted as if sll ma~eys seaired hereby
had nwrwed priw fo ~n ins~itwion.
7. Th~t in ti+e event that st the beginning of or at any time pend'mg any wit upon fbis Mortgsge, or to fwecbse lt, or to ?eform it, w to enforce
payment of any daims hereunder, s+id MpRTGAGEE shsll spply to the Coun having jurisd'~cran thereo4 fw the ~ppointment of a Reteiva, such Coun shsll
forthwith sppoint a reuiver of said r~tgx~ed property all sod singulu, includ~r?g ali snd singulu the income, profits. iuves and revenues from wi?ate+~er
~woe de?ived ~ach and every of whith, it be~ expressly vnderstood. is hereby mwtgsged ~s if spetifitslly s~t forth and desuibed in the yr~nting and
habendum dauses hereof, snd such Receiver shall h~ve alt ~he broad and effectiw funct~ons ~nd powen io anywise entrwted by a Court to • Receiver, and
wch appointment shsll be maJe by wch Court u an admitted cquity a~ ~ mslfer of abaolute right to said MORTGAGEE. ~nd without reference to ths
adeqvxy a in~dequ+cy of the wlue of the property mort9s~ed a to tFrc sonrency a insolveri~y of said IMORTGAGOR a the defendann, and that such
renrs, profits, income, iss~res ~nd rerenves sh~ll be ~ppiied by such Receiver acc«ding to the lie~ or equity of said MORTGAGEE and the pixtice of sucb
Covrt.
8. To duly, pranptly and futly perform, ~isch~r~t, exearte, effect, compkte, comply with snd abide by esch se~d evay ths stip~lations, agreemenn,
cond'aaro and covenints in s~id promissary note snd thi~ mortysge set forth.
9. 7hat in the event the ownenbip of the mort9syed prem;ses. a any part thereof, becnrnes vested in • person othe~ tfisn the AI~ORTGAGOR, the
MORTGAGEE, its wccessors and au;gns, may, witF~out no~ice to the MORTGAOR. deal with such wccessor a wtcessw in iMeresl with reference to this
nortgape and the debt hereby setured in the same msmer as wnh Morfgagor without in any way vitiatiny d distF~arging the Mwtyagon' iiabitity hero-
Lnder or upon tl+Q debt hereby seaKed. No sate of fhe prem;ses hereby mortyayed and no fwbearsncs on the part of the MORTGAGEE w in successws
w auigra snd no ex~ension of the time tor the payment of the dcbt hereby secured given by the AhORTGAGEE w iri wccessws a assigns. sfiall operate
to rekase, discharye, modify ch~nge or ~ffett the original ti~biiity of the MORTGAGOR herein, eUher in wtab a Irt pan.
10. It k specificaNy agreed rhat time a of the essence oi th+s 4nm~acf ar~d tkst no wsiver of sny o61'gation here~nder or of the obligation so-
cured hereby shall at any time thereaher be heW to be a waiver of the terms hereoi w of the imtrument secwed herby.
11_ In add"aion to the taego:~g monthly payments of prinCpal and intnest required by the promissory no~e secured hereby, mortgagor covenanri
and agrees to pay to mortgagee with exh monthty payment an add~rionel sum estimated by mortgagee to be eqwl to 1/12 of the anriwl cost of the follow-
i~_
A-Ail real property taxa kvied w assessed against the above desc~ibed real estate.
B-Premiums on fire and windstorm inwrance as herei~ requ~red to be carried on the improvements situate on ihe above dexribed premites.
C-Premiums on such mortgage guaranty inwrar~ce as mortgagee sfisli from time to time deem fit to carry on ihe loan secured hereby.
Mo?tgagee shs!! from t~me to time notify mortgsgor in writirg of the amoum d~e and payabk hereunder and such wm shall thereupon be due and
payabk on the due date of the next monthly payment and each successive mwtith thereafter urtil rtq?tgagee shall notify mprtgagor of a thange in such
amount. $~x:h wms sha:l be applied by mortgagee toward the payment of rea! propcrty taxes, iiuvrarxe prem:ums, and mortgage guaranfy insura...:e
pr@miuw~f.
IN WRNE55 WFiEREOF, the said MORTGAGOR has herevmo set his hand and seal the day and yesr fint aforesaid_
.Sipned, Seal d snd elivered in the presence of: /
' ( ~ ~,L~fl 1 00 Qo 0. ? M ~1/~~Y~/'i -(Sea~
$s Fred M. Tur er n
-
~
ss n
I. Turner ~
~
€ STATE OF FLORIDA ~
~ courRr oF St. Luc~e ~ -
e~sa.e ~„f ~~„„uy ,~,~~d Fred ~t. Turner _ a~ ;
r
j Jovice I. Turner his wif~, ro me wen kr~ow?~ a~d know~, n,. w b.
! the individwb described in snd who exearled the for instrument, and aclcnowlcdged before me tMt tMey exewted the same for . the ~u~os~~ -
Jo ce . I. ~rner - = . x~:-_,
f rherein expressed. And the :aia Y
{ Fred M. Turner ~ ~ . ~
wite ot rhe said ~~jep~ralq +nd p!bMt~
4 examinatan by me ts(cen separate and apart from her said husb~nd, sduwwledged to and beforo me rhat shs exea?ted ~aid u~r~xnt•fc~~ely ~nd r~fipr~
rarily and w~thout uryr compulsion, cer~stnim, appreF~ens" or feu of or from her ssid husband.
€ WRNE55 my h~nd snd official seal tl•~ ~y o{ Li~ ~
I•
D. 1~~_
j ~ • j .
Notary Publ'~t in and for the St~ tf idi at ~Grga•.
` Rehxn To: My f~~ - ~
~ao~? ~'F+.~~
i F~rst Fedu•I savings a loan nssoc~at~on NOTARY PUBi~ S
T A
T£ O~ F~ uM..~ i970
' or Fo.~ P;~.~~. 8
NERAL IN~~?Nt~ VN ~G!Tri.:~r, r: -
~ '~iu~n~~t~~~,~
~ fort Pierce, Ftorida
~ '~i.. -
= f~~EO a.y0 RECOROEO ,
~ ST. ~OC~~ COUNTY ftA.
; This Instrument Prepared 8y J~ H. Robezts J~ a~~[f. i~~~T~AS ~
First Federal Savi s b loan Association ' ~LERK CIRCUIT COURT ~
€ RFr,ORO YERi~1FQ~~„~
of Fort Pierce, Florida
f ~h~~ By @~ A~s 15 9 0~ AH'~3
~ ~28"73
~ ; b0o1f ~c~ .PAGE~~ ~
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