HomeMy WebLinkAbout2795 To pl~c~ ~nd continuovely kstp on tM buildi~ps now w M~eai~~r ?itwq on iud I~nd ~nd o~ aU equ~pmee~ u+d pawn~Uy cova~d by ~h~s mo.~p~ ~
p~, wi~h ~11 pr~mium~ ~herwn ps~d in (uli, fire in~urance i~ tM uiuai ~iandard policy fwm, in ~•um ~ppro~~d by th~ MORiGAGEE. ~nd windiiam ~
inswu?c~ In rM vsua! ttandud po1Ky famr, in • wm approv~d by tM MORiGAGEE. in such tompany o~ tompani~s p tM MORiGAGEE may
dirKlj and all (in and winds~am inw.a~c~ policai on a~y of said buildinOt, My Intir~il tMrfin o? pan iMr~of, in ~i» app~paa wm afa~aid a
in ~ac~ss tMreof. ~h+ll ca+tain ~M utwl ~andud morryaq~e clauH a such aha dw~ a rhe Mor~papN en~y ~pv~~~. maAin~ tM loa voda a~d pol4
ci~s, ~ach a~d ~vKy, payabl~ ~o said MORTGAGEE as ih intereit may spp~ar, ~~d e~ch and ~vay ~uch policy tihall b~ promptly ~ss:yn~d ~nd d~~ivaed ~o
•ny h~ld by s~id MORIGAGEE ~s fwthN secu~ity to said mort9ay~ debt, and, not I~u ~Mn qn p0) d~ys in advanc~ of tl+~ ~xpir~tion of ~Kh POIKy, to dr
Itwr ro iaid MORiGAGFE • nnew~l ther~of, topeihN wi~h a r~ceip~ fa ths prxnivm of ~uch f~Mw~1J aed ~Mn ~MII b~ no fir~ or w'v~d~~am i~u~~nc~
plac~d on ~ey of uid buildirgs, ~ny i~teretl ~Fw?ein o~ p~rt tMrwf, vnleu in ~M form snd wi~h tM losi payable as ~fon~aid~ and in tM ~wet a~y ~w~
of mo~~y bacpn~i payable und~r wch pol~cy w policie~ wid MORTGAGEE ~MU Mw th~ opt~on to r~ceiw u+d apply tM s~m~ on ~ccoun~ ot tM lndeb~ad- ~
neis sKW~d Mt~by w lo petmit faid MORTGAGORS 10 ~ecsive ~nd us~ it a•ny pa.t thereof fa o~her purposci, wi~houf Ihereb~ waivin9 a~n,pair
iny anr pvity, lien o~ right under w by virtw of this morlyapej ~nd in 1ht ~vent said MORTGAGORS shall for ~ny nason till to ke*p tM said pr~mi~es w
~n~u~ed, a faJl to deliver promptly ~ny of said policies of iruuranc~ to s+id NWRTGAGEE, w f~il promp~ly ro pay fulty ~ny pr~mium ther~fq a in +ny
resp~ct fail w p~rfwm, diuha?ge, eaecute, effect, complele, comply wi~h ~nd abide by this covenant, a w?y p~rt Mrwf. taid MORTGAGEf may plue ~nd
pay fw iuch tea~rarKe or any part thereof wirhout waivinq o~ affectlnp any option, li~n, puity, w ripht undN w by vt~tw of thii Mor~9p~. •nd tM
f~ll amount of each and ev~ry such paymeeit sMll be immediately dw and payabl~ ~nd sl+all ba~~ intere~~ (rom th~ dat~ thereof ~~til paid ~t tM rat~ ol `
nine par cantum pa~ an~um and togethe~ with such intereat iMtl bs secvrad by rhs IiM of tAi~ mwt~ap~. !
1. To petmif, cortunit or suffer no wasro, Impairment or deteriwation oi said properfy w~ny p~rt tMraof, ~
S. To pay ~1! and sioQulu the costa, chargas and expense~, includiry a rcasonabla ~ttwnty i fe~ snd costs of ~b~tr~tb of titls. incurrad w paid ~t
any time by uid MORTGAGfE, betausa w in the eve~t of tht tailure a? the part of the :aid MORTGAGOR to duly, promplly ~nd fvlly perfwm, d~sthug~,
executs, effed, complete, comply with a~d ab~de by each end every fhe stipvlations, ag?eemcnb, condltian. and cowr?anq of t~id promiswry ~?ot~ and thi~ ~
matg~e any or ei~ha. and said cosb, chsrges and expenses. esch ar+d eve+y. sh~ll b~ immediatety dw ~nd pay~bl~t whetM~ or not thare b~ notice da
mand, attempt to eollect or iuit pend~ng; ~nd the f~ll amouM of e~ch ~~d every svch payment tllall bs~r intere~t from fhe dat~ 1Mreof until prfd ~1 tM
rate o~ nine pea centum pe? annum; arx! all said costs, charges and expenus incu~red w paid, togethe? with s~th inte~est, aMll M setured by tM lieo of thi~
morty~. .
6. 'fMt i~ the eveM of any broach of this Mortgay~ or default on tM part of the MORTGAGOR, or (b) i~ tM svent any of ia+d sum~ of morny
herein rffarred to bs no? promptty and fvlly paid wi~hin lhirty (3p) days ncx~ after tM iams iever~lly become due and pay~ble, wilhout d~m~nd w notice,
or i~ the event each ~nd every ~he stipu~ations. agreements, co~ditiona and cova?ints of sa~d promiuory note a~d this matpaqe any or ~ilhK ar~ t~W
iuly, promptly and fully perfamed, d~acharged, executed, effected, eompleted, complied w;th and abided Sy, ?hen in eitha w any such ev~nt IM said ag
gregate wm mentioned in said promisso~y nole tAen remaining unpaid, wilh iMeresf scvued, and all money~ setursd hereby, ~MI) betome dw ~nd pay-
eble to~thwith, o? thereafter, at the option of said MORTGAGEE, as fully ~nd completely ai if all of ~he said wms of morKy we~e aiQinaUy stipulated ~
ro be paid on such day, anyfhing ;n sa~d promiuory note or in this Mortgage to the contrary notwithsandinp; and ~hereupon or thereafter at tM option of
said NIORTGAGEE, w~thout nolice w demand, suil at law w in equity, theretore a thercaftcr begun, may be proiecuted is if dl moneys Ncurad hereby ~
had matured pnor fo its iotfih~tion. ~
7. Th~t in the evenl that at the beginning of w i1 any tims pendiny ~ny suit upon this Mortgage, or to faetlose it, or to reform it, or to e~fwu i
payment of ~ny cleims hereunder, said MORTGAGfE shall apply to the Coun having jurisdiaion thereof for 1F+e appointmenl of • Raceiver, iuch Court sMll
forthwith appoint a receiver of said mortgaged property alt and singubr, inctud~ng all and singulai tM incoms, profits, iu~es ~nd revenwf from whateve?
source derivetl, eath ~nd every of which, it beiny exRressly underslood, is hereby mwtgsged as if specifically tet ~qth and desuib~d in tM pra~tiny and
habendum clauies FKreof, and sucF~ Reteiver shall have all the broad and effective funct~o~s and powers in anywise entr~tted by a Cov?t to ~ Receivtt, and
such appointme~t ahall be made by such Court as an admitted equity and a matttv of absolute right- to s~id MORTGA~'iEE, and without nf~rence l0 1Fu
edequscy w inadequacy of the wlue of the property mortgaged or to the solvency or ~nsotventy of said MORTGAGOR a tF?s defendants, ~nd lhat such
rems, p?ofin, intome, iuues and mvenues shali be appiied by suth Reteiver accwdinQ to ths lien w equity of said MORTGAGEE and tM pNctit+~. of suth
Coucf.
8. To duly, promptly and fully perfwm, dischsrge, executc, effect, complete, tomply with and ~bide by each ~nd every ths stip~lations, ~q~eemenis,
conditions aod covtnants i~ sa~d promiuory note and thia mortga9e set fath. ~
9. That in tFe event the ownership of the mortgaged premises, a any part 1he~eof, becomes vested in a persw~ other t1?~n the MORTGAGOR, tM
MORTGAGEE, iq successws and auigns, may, without notice to the MORTGAOR, deal with such successor w succesaor in interett with ~efere~ce to thii
mortgsge and the debl hereby secured in the same manner as with Mortgagw without in any wsy vitiering or distharging the MortysQots' liibilify htra
under a upon the debt F~ereby secured. No sale of the premises hereby mortgaged and no fo?bearance on the part of the MORTGAGEE o? its succsssws ~
or assigns and no ext~nsion of the time fw the payment of the debt hereby secured given by the MORTGAGEE or its succauots or auign~, sMH oparat~
ro relesse, dixharge, modify charge or affect the o.iginal liab+ltry of the MORIGAGOR harein, either in whole or in part.
10. It is specifically agreed thaf time 'n of the essence of this contrsct a~d that no waiver of any obligatipn hereunder or ot th~ obli~~tion ie-
cured hereby shall at any time thereafter be held to be a waiver of the terms hereof or of the instrument ietured he~by.
11. In addition to the forego:ng monthly payments of princ'pal and interest re4vired by the promissory note tetu?ed hereby, mortgagW covenants ~
ar,d agrees to pay to mortgagee rnrith each monrhly payrnent an add;riona! sum estimated by mortgagee to be equal to 1/12 of the annual tost of the folbw-
ing:
A-AU real p~operty taxes levied o? assessed against the above described real estate.
B-Premiums on fire a~d windstorm insurance as herein requ~red to be carried on the improvements situate on the above described premises.
C-Premiums on such mor~gage guaranty insurar•ce as mortgagee shall from time to time deem fit to carry on the loao ucured hereby.
Nbttgagee shall from time to time notify mortgagor in writirg of the amoum due snd payable hereunder and ~uch sum ~hall thereupon be due and
payabte on the due date of the next moMhty payment and each successive month thereafter until mortgagee shaN notify mortgagor of a charge Fn tuch
a~nount. S~ch sums shall be appleed by mortgagee toward the paymem of real property taxei, ir?surance prem:vms, and mortgaye guaranty insur~nce
premiums.
IN WITNESS WHEREOF, the said MORTGAGOR has hereunto xt his hand and seat the day year finf •fwesaid.
Si~ned, Sealed and delivaed in the presence of: n
1.~~ K . ~~n
11 o R Dewson ~,n
i ' adult ,~,n
~ Allie B. Dewaon . a sinale a~W~t
~ STATE OF FLORIDA ~ - y
° St. Lucie
F couNnr oF
~
Bafore me personally appeared Will~' R. D21~sOD ~ a s n~,~,~~~t and
~ /,lll@ B. ~@wsOI1 single ad1LZt *~~{e to ms well know~ and known to me to b~
rhe individwls deuribed in and who executed the foreyoirg instrumant, and acknowledped befors me tMt they ~x~cuted ths sartw for the pwposes
[
f therein expressed. ltfld'ths' saa•• ~ +~•~•r~+ri +.~wr.?.r ~ ~ ~ ~ ~ ~ ~ _ ~ _ _ ~ _ ~ ~ ~ ~ • ~ ~ _ ~ _ _ _ _ _ ~ _ _ _ _ ~
S ~r~y
E wi(e ef ~C sskN
~ ~ ~ ~ ~ ~ ~ ~ ~ ~ ~ ~ ~ ~ ~ Ai,~,~,~~ r.o~wwi...
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• xeww~ati~i? i~ wtis 1~1~ew ~h ~wd-ap~rf (?ww~ i~sr ~ai~lwwb~wdt ~denow rNir w~ ~wlwr-
kdged~ browe~ b~riwe~nN~ Mw1~1~re+~Kef~d-s~irtiw~NuewM ~1
E aas+yr~wi «~~Mrt.swp ~o.+'ubiow.-wwsN~w~?,~PW ~~r fe~r-of ~r frs~ hs~ ssid~+s~bw~.
; WITNESS my Mnd a~ official teal thi d~y oi /~,~pi,~~
i ~ ~ _ `
~
fary Publit in and tor the Sut~ Flor ~ j~~ ' j~%
~ t/ Y Commitsion ~xpi?e1: - ti .
. . • i
F Return Ta. t~•' r~ ~ ,
; F~nt federal Savings 3 loan Association NOTARY Pf1BUC; S~ATE N• ~ IDA at tAgGE,y ~
' Of Fort P~erce. MY ('0'.'MISS10q ~f~~l~~~~~_`
~ ~
~ Fo~t Pierce. Florida 'O^~• z y~;;ti~-,._ ' s`~ .
_ •~'''4t~` /
" ~,,yPiiAS~•~4a~'~ 1~
~ RILEO aMD AECORpEp ~ ~''"'t~~~"'~"` .y~{ ' ~
~ This Instrument Prepared By D. R. Holerqer aT.~UC1E COlJHTY f«,
; First Federa) Savings & loan Association ROCER pp~TA,~s ~ j y' '
~ of Fort Pierce , R lorida ~LfRK Cf~CU1T COURt ;
RECORp VEA~«~EO
~
~ Checked By ~ p ~O 34 ~
~ ~N 13
~ soo~ 213 ~A~f279~ ~539'~~
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