HomeMy WebLinkAbout2760 To plx~ and continuouily kr~p on tM bvildinpi now a Mr~aftK wtuaN on said Isnd ~nd on ~11 puipmeM ae+d pasonally covN~d by Ihii mor~ ;
p~, with ~11 premiums therton p~~d in (ull. (ir~ ins~ranc~ in ~M usual standard policy fam, in • ~um app~owd by th~ MORtGAGEE, and winds~am
inwn~cf in tM vaual •rand~rd pol~cy tarr?, !n a sum approvsd by tM MORTGAGEE, fn wch company a companiN at t!N MORTGAGEE enay ,
d4~ctj ~nd ~U fU~ and wind~~orm inwranc~ polic~s on any of faid bvildinp~, ~nr int~rasl 1Mrei~ or part IMrpl, k? tM pqrepah sum ~totesaid w
In uietu th~r~of, sMll contain tF~ vsual sta~,dud mort9p~ cla~ or such al~ siauN a tht Mor~ppN may rpuin. makinp ~he loss w+de~ said pol~
ci~s, ~ach and ~vNy, payabl~ ro aid MORTGAGEE as iq interest m~y ~pp~a~, and NtA aod ~wry ~uth poliry ~hall be p~omptly ast:yned and d~livered to
~ny Mld by said MORiGAGEE a~ fvtthq ~et~rity lo s~id monga~~ debt. ~nd, not t~u tMn bn (101 days in advant~ of tM txpiration of ~ach policy, to dr
livu to ~aid MpRTGl1GEE ~?~?kwal 1Mr~of, top~ihu with ~ ~ec~cp~ fw ~M p?.m~w~+ of such rtMwalj and thK~ ahall b~ no iw~ w windi~orm iniurae~c~
pi~d on ~ny of iaid buildinp~. ~ny interesl tMr~i~? w p+rt tM~wf, unless in th~ fwm and with tM lo~s p+y~bl~ as afa~saidr +~d in tM ev~nt ~oy swn
of mpwy becpnq p~yabls w+d~t such policy o~ policies said MORiGAGEE ~MI! haw th~ option to reqiw ~nd ~pply tM swn~ on xco~n~ of tM i~debted~ _
n~u iecvr~d Mreby w ro permit s~id MQRTGAGORS to receiw ud us~ it or any pu1 thereof fw othe? purposss, wi~houl ~h:~eb/ waivi~~y or ~n:pair-
inp ~ny equity, lien w riqht undN or by vlrtw of thls mortp~pei ~nd in tM ~vent said 1YlORiGAGpRS thall for any rtason faU to k~ap ti?s s+id premiies so
Fnswed. w 1si1 ?o d~live? prwnptly u~y of sald policies of i~sur~nu to said MORTGAGEE, ot fail promptly to pay fully ~ny premivm therefor a in anY
respsct f~il fo p~rfwm, diuharg~, ~xscuts, ~ffect, compkte, comply with and ~bid~ by thls oovsMOt, a any p+r1 i~wf, said MtORTGAGEf may place and
paY f0~ tuth infwanef o~ ~ny pirt fhNeof wirhovt watrinQ a af/ectlnp a~y option, li~n, p~ity. w riyht w~dK or by virtw of thia Mortya~e. ~nd th~ '
full smovnt of each ~nd ~wry such p~ymenl sMll be imnedlat~ly dw ~nd p+yabl~ ~nd sh~ll bea~ inta~a~ f~om th~ daq th~reof until paid ~t th~ ~at~ of .
~ins p~r ceetum pa annum a~d togelher with suth interest sh~lt be ~ecured by tM li~n of thts mortpay~.
4. To pKmif, commit or suifer no wute, tmpairment w deteriontion oi uid poperty w any p~rt thereof. '
. f
S. To pay a!1 and sinQulu tM cost~, cha~pes and expenses„ includinp a reasaubl~ sttwney's fee and costs of abstracri of titts, ir~cuned o~ p~id at i
a~y tims by iaid Iy1pRTGAGEE, because or in the event of the failure on ~hs p+rt of ~M said MORTGAGOR to dvly, {xomptly ~nd firlly perform, d~achargR
executs, eNed. cpmpkte, comply with and abide by ~ach ~nd every the stip~lationt, preemen?s, condFtior?s, and covenanh of said promiuwy note and this
mor?pay~ +ny a ather, and said costs, ch~ryes ~nd ezpen~es, e~ch and every. sh~ll be immediatsty dw ~nd paysbk; whs~her or not ehe~e b~ notKe da ~
mand, attempt ro colkct or sult pe~dingj a~d tM fvtl amouM of eacl~ a~d evary uxh psyment sMll be~? intereit from the dat~ thtreof untll paid at tM ~
rare oi nir~e per ccv~tum pe? a»num; and all said cost~, char~es and expenxs incurced o? p~id, topether with such interest, shall be s~tured by /M lia? of this ~
mortyaye. ~
6. Yhat in the event of aey breach of th3s M«tgay~ w def~ult o~ tM part of the MORTGAGOR, w(b) i~ the event any of seid svms of moriey
herein rafarrsd to be ~ot prompNy and fully paid witbin thirty (30l days nea~ afta the same severally becom~ dw and payabl~. withoul d~mand w notice,
or in th~ evenl each and every the stipulations, agreemenb. conditions and cover?ints of said promissory note ~nd this mortg~pe ~ny a eilher u~ rwi
iuly, promptly ~nd fully performed. diuba~ged, exec~ted, efiected. comptered, complied with and abided by, then ~n either or ~ny such eveM ths s~id aQ
gregate wm mentioned i~ said promissory note then remaining unpaid, with interest acpued, and all moneys setured heteby, shall becane due snd p~y-
able fwthwith, 01 tF~lfNfiH, at the option of said MORTGAGEE, +s fully and compkfely u it a~l of the said wms o( money vrere oripinally a?ipvlared
to be psid on svch day, anything in said promiuory note or in this Mortgage to 1he contrary notwirhstanding; and thereupon w thereaftar at the option of
said MORTGACaEE, without nor;ce o~ demand, suit at liw w in aquity, therefore p thereafter beg~n, may be pros~c~ted as if ~II ma~eys ~ecured hereby
had matured prior fo ifs insfitution.
T.-that iri
fhe event that at the beginneng of or at any time pending any suit upo~ this Matgage, or to foreclos~ N, ot to roform it, or to enfwq
payment of any claims hereunder, said MORTGAGEE shall spply to ~the Co~rt having jurisdittion thereof fot fhe appointment of ~ Reteiver, such Court shall
Forthwith appoint s receiver of said mo?tgaged properfy all and sing~tar, intlud~ng all and singular the intome ptofiq, luues snd revenues from whatever
source derived, each and every of which, it being expreuly understood, is hereby mw~gaged as if specifically sN fwth a~d described i~ the y~amirp and
habend~m ctavses hereof, and such Receiver shall have all the broad and efiective funct~ons a~d powen i~ anywise e~trvsted by ~ Court to a Receiver, and
such appointmenr shall be made by wcl~ Court as an admitted equity and a m~ner of absolute ~ight to said MORTGAGEE, and witho~t reference to ths
adequacy a insdequaq of the valw of the property mwtgsged w to ~he wlvency or insolve~cy of :aid MORTC,AGOR p the defendann, a~d tfut such
renrs, profits, income, iuues and revenues sha11 be apptied by sud+ Receiwer accord~ng to the lien a equ;ty of said MORTGAGEE and the practic~ of such
Court. _
B. To duly, promptly and fvlly perform, dixharye, execute, effect, complete, comply with a~d abide by each and every the qipulatio~s, ~grsert~ents,
conditions and covena~ts ~n said promissory note and this mortgsge set fo~th.
9. That in ff~e event the ownership of the mortgaged premises, w any paR thereof, becomes veated in a penon other t!?an the MORTGAGOR, the
MORTGAGEE, its succeuon a~d assigns, may, without nolice to the MORTGAOR, deal with such sutcesso? ot wtcessw in interest wifh reic?ente fo this
mortgage and the debl hereby secured in the ssme manner as with Mortgagw without in any way vitiating w dixharging the Mortyagors' liability here-
e~nder w upon ihe debf hereby secured. No sale of the premises hereby mortgaged end no forbearante on the part of the MORTGAGEE or iri successors
or assgns and no extension of fhe time for the payrrKnf of the debt hereby secured given by the MORTGAGEE w ih successws w auigns, shall opera~e
~o release, dixha~ye, modity change or effect fhe original liabiJity of the MORTGAGOR he~ein, eiiher in whok or in part.
10. It is specifically agreed thar time is of the essence of this contrad and that no waiver of any obligation hereunda cr of the obligatan sr
cured hereby shall al any time thereafter be held ro be a waive~ of the terms hereof w of the instrumenf secured herby.
11. In add~tion to the fwego:ng monthly payments of princ'pal and interest required by the promissory note secvred hereby, mortgago~ cpvensnts
and agrees to pay to.mortgagee w;rh each monrhly payment an add~rional sum esf;mated by mortgagee fo be equal to 1/12 of the annual cost of the follow- {
ing:
A-All real property taxes levied w assessed against the above described real estate.
B-Premiums on fire and windstorm i~surance as herein requ~red to be carried on the improvements sitvstt on the above described premises. -
G-Premiums on such morfgage guaranty insurance as mortgagee shall lioan tir»e to time deem fit to tarry on the loan secured hereby.
Matgagee shall from time to time rtotify mortgagor in writing of the amount due and payable hereunder snd such wm shall thereupon be due and
, payable on the due date of the next monthly payment and each successive monlh thereafter ~nti! morigsgee shatl ~otify mwtgagw of a t}wnge i~ such '
zmount. $uch sums shall be applied by mwtgagee towa,d tFx paymem of real property taxes, insurante prem~ums, and morigsge guaranty inwrance
prenliums.
IN WITNE55 WHEREOF, the said MORTGAGOR has hereunto set his hand and seal the day and ye r first aforesaid.
/~yned, Seate and d f ere fhe presence of:
/ '
.
~
. ~
" ~ aq
; -it-+0
I SiATE OF ftORIDA ~
~ COUN7Y OF _ _~t . LU Ie ~
!
~ Before me personally appeared Ha r r i c Nn f f~dh
~ _ S 7 mg Noffman hes w;fe, to me well known and known to me ta bs
~ t he i n dir i dw ls d e
s
c ri b e d in a n d w h o execut e d t h e fore9any instr~ment, and atknow{edged befwe me that they executed the same fw the purposes
~ rherein ex~.~,~d. a,a ,r,e ~;d Selma G. Hoffman ~
~ wife of the .~~a Harris Hoff~an „po„ a sepsrate and prrvat~
~ examinsYan by me taken sepsrote and apart from her seid husband, ack+awtedged to and before me tbet shs execvted said instrument freely and wlutr ~
~ tar;ly and without any compulsion, constraint, apprehens~on, or fear of or irom her ssid husband. ~
E
WITNESS my hand snd official seal thi: ~i0~. day o{ June 73
f . A. D. 19
; .
Notary Public in for ~Ke State of flwida ~t large
` Retum To: My Cortxnission xpird:~ ~
f First fedtral Savinga 3 loan Assotiation
f Of fort P~erce. ~ ..v~:.a ~ ~ c_ U .tGE
~ Fort Pierce, Florida ~O ~Y C01~lAiJ$10Y EXP{RE$ IAN. 7, 19p~77 -
€ O~ B011dC4 8'~i M(I1t,..o~: WGr.brs IfiSUT~~q'Itr •
s • !J//; ~ -
t ! le~
~ 5 i~ t ,
F. . ,
~ This Instrument P~epared By Richard K. Kayes f~~EO IttiL RECOKDEO ~~J: ~•-L .
= First Federal Savin s E~ lo3n Association ~ ~ - c~'•. -
9 ST. LUCIC ~OUNTY F~A. -
; of Fort Pierce, Floricid RvCCR PO~tttAS q r"- _
3 ~ ClE=K ,;d ~Lti~: COJAT - ; -J . I r'
~ , Chetked By rrrpc,,y.~ .-.c., ~ ; -=1 t~_ _
~ • .~.....~r . • ; ~ , -
~ ~ ~ ~'1~
~ ,~u~, 5 li o9 AM' f
~ 73 .
~ eao~214 P~2?5? ~ "
~
~
~
7~t s_~ _
u'.~ y s r
_ ~