HomeMy WebLinkAbout2953 To pt.o~ and co~u~m~ous~~ te.~p a+ tM bw'd.•qs no+r a hers+fw a:R,a1r on sa~d Iand and on all equ~p.nent u+d p~?sonsl~y covered by thit morlp-
p~, with aU premwms rhaeo~ pad .n fv11, fre :~swaru ~n dr vwa~ sr+rdrd Do~+tY fonw. • wi* +pg~ovsd by tM MORTGAGEE, and windstwm
rawa+oe fn M. vwal sund.rd pas~r f«.~, iw s swn approv.d M Nn MORTGAGEE. in wcl~ c«npanY o. con+panies •s tM MORiGAGEE ~nay
dintlj ~nd aU fd~ and w:rd~w~w~ irowanoe po4ci~s ow r~y o~ stid bu:ld~np~, +n11 in~er~sr ~here~n w part the.wf, in tM ~py~eyat~ tvm ~fa~said a
In acuss ~hereof. sh~U contain t1r usw~ atr+dard +sorq+~et da~xs w wd~ al+r davw ~s tht Mo.t~pN may rpv~r~. makiny th~ lou undar sa~d pol~
ci~s, each and sve~y. Wya~e a s~id 1NO~TGAGfE ~s as ime.ss~ ma~ appa~ar, and exA and ~very wch po~~cy sMll b~ promp~Fy ~u ~ned ~nd delivercd to
any Frld bp s+id MORiGAGfE ~s fu.dw secu.ih w srd awr~+p~ d~ebt, an~d. wo~ 4ss Nw~ ten (10) days in adv+nc~ 01 tM txpir~tan of exh policy, ~o da
liwr b~aid MORiGAGfE a.~ne~rai Nwed. wpsdr? wah ~ rKe.p fo? tM p~awwiw of wch r~~e~w~l; and tMr~ shall b~ no fire or windstorm inivr~nt~
p1~pd cn ~np of said b~;Id~,~, aew a~er~st ~ or prt d.er~ol, ur~~ in ~M iw~w ~nd witA th~ Iw~ payab~e u ~fa~aid: u~ In thf •vMf ~ny sum
of enon~y becomes payable u.~ wd~ pol~cy a pol~ues sa:d NIORTGA(',fE sh+Y Mv~ d~e opr;on a reos~rs and appiy tM same on ~ccovn/ oi tAe irdabted-
Mts tctu~ed he~eby a b pt~mil s~id MO~TGAGORS b tKSi~e aid vN o O/ any pat thereof iot o7ixr purposes. without fh~rfb/ waivi~y o~ ~mpair-
irg anY eq~ify, lien a ri~M ~rndsr a bp vinw d N~'s ~ an~ in 1!N tven s~~d MORTGAGORS ~tl fw any reasan fail to keep tM uid premises w
irow~d. p fail b dtliwr prorAptly iny d said po6ws of r~swance b sa~d MORiGACiEE, a Iiil ptomptly to pay fu11y any premium thuefor p in a~y
r~spKf fail b p~rfonq, dischar~. esea~~, ~fiw. oomp~e~e, oomply wri~ and ~bid~ bfl Ma cwe~t, w u~y part haeof, ~id MORTGAGEE may pl~u an0 .
P+Y fa wd~ irowanc~ or arhr p~rt dwed ~dw~s rraivinp a ~fi~u:~p aql cWia~ lien. squ~~ll. a ripFu undN w by virtw of ~hif Ma~9aye. ~nd the
tvll arnount of eid~ a~d ev«y wd~ p~y~eri+ al~l7 bs ~a~s~ely dut snd pr~ybM and shal! ba~+r interes~ from tl» dat~ ?hcreof uniil pa'wJ at tM raa ol
nint pN unnun p~. amum ~nd b~~her wah wd+ :roerw sA~1+ b~ sca,rcd bf? the !iM of Nrs nar~p+pe.
1. To p~rmit. aowrwq or wffs. no w+s~ inpairawnt w dAe.~orarion of s~d property a any p~r~ thaeof.
S. To pay all snd sir~pvlar dw oosa,, cf+r~pes and c~cpasa~ ioct.+dr~p a nasayble momey's fee and coats of abs~acts of title. incurred o~ pa~d ~t
any time by said MORTGAGfE. becws~ or i~ d+e hre.r d Nr fa~lur~ an ths D~ d Nr said MORTGI~G~R a duly. P.omp~y ~nd fvlly pe.fam, d~xhargR
e:ecvu. effea. oon~PM w~d+ n+d at>:de by e+d~ and ererr ~he sr:pufanoro. +9ree.ne^ei. aond~~ions, and aov~nan~s of s~id promiuory nore and ~ha
^~~9+~ ~Y w sithv. and said aost~, d.w~e+ +nd esPem~,. e+d~ and rrsry, al~fl be inrned~at~fy dut and piyable: whe~her or eat there fo~ i+ot~ce da
mr+d, st~enp w oolfecf a we p~ndr+p; and d~s tvY a~.~o~rir of sach M+d erery sud~ payme.w ~?.itl bea. 3nrerest frwn ~he dat~ thcreof uotil p~id at ~he
rate of nine per centun per arwws+S; and a1i said cost~, dwyes and c:pe+~ses iiawred a pa:d, wgether wuh suclti MfN~fl~ ahall be secured by the lie~ of tha
^1O~-
6. TFut in tl+e we.r of arey breacl~ d Hrs Abr+9aq~ a defauh on ~Fs put of t!K IYIORTGI?CsOR. a(b) in tM m?ent My. of s~~d svms of mon~y
herein refe~r~d w b~ nof promprl~r and fvMy p+id w+r~,i+ M+ry (30) dari ne¦t afier tl+~ sarne aeveratly becom~ due and payabk. wi~hout demand or notice,
or in the evem each aed erery the st~puiatwn~ sgreemau~s, co~d:t:o~s and covenants of sa,d promisso~y r.ae and th~s mwtgage any a eithe~ a~e not
iuly. WomPth and iuUr Performed. dacl+arged, eaea+eed effec~ed, canpkted, oompt~ed wirh ~d ab~ded hy. ~hen in either a uyr wch ewnt ~ht sa~d sg
gregate wm me*?tia+ed in sa:d pomasorr noee N~en re~iw.? unps~d, with iroe.ese aocrued. and a~l mo~eys secv.ed hereby. shall becane dw ~nd WY~
able forthwitlw, a there~fter, at the op::on of sa+d M02iGAGfE. +s fuNr a~d oompletelq as if ~II of the said sums of money were aginally stip~lated
to be pa~d on such d~y. anytFwrg in sa;d pomiasorp no~e ar ie Mrs 1Mort9+ge a the conr.ary nww~tha~sndinp: ~nd therei?pon a the+eafter a~ the op~~o~ of
si;d MORTGAGEE, w~rhout oa~ce a deeaand, w:t ar 1aw ar :n equay. Nel~lfOt! O~ tFl!(NftN begue~, may be prosecuted u if all moneys saared hereby
F+ad matured prar w rts iiwitut~on.
7. 11»t in the rvent that at tl+e beg:~n:*+p d or at a.y t:e~e pesKi'ng any s~wt upw~ rFas Mongage, w ro fwecbse or to reform it, a to enfo~c~
paymenr of aay daima herew~da~, sa~d 1MORTf,AGfE sl.~8 apply w the Cowt having wand~~«+ ~hcreof fa the apFw~ntment of s Receiver. wch Couh shsll
Forthwith sppoinl ~ recciver of s:id a~ort~+yed prapvf~r a9 and s'rgular, irKiud:ng a:l and a~nqu?a ti+e ~ncome, p~ofits, iuues and rerenucs from whatever
source de~ived. each and every of wh+cly, :t be:n~ e=ysess~r ~ders~ood. is h«eby n+or~jaged ss if apec;fically set forth and d~scribed ir? the gramirg and
haba+d~wn clauses hereof. and wcfi Qeoeirer shr11 hsve a!1 d~e brad arr! effea~ve fix+ct.ans and powers in anyvr~se emrusted by a Covrt to s Receiver, and
such ~ppointment sha11 be ~n~de bp svcl~ Courr as in adrn~ted equit~r ard a m~rnr of absoiute tight 1o said MORTGAGEE. ~nd without r+ference to the
adequacy p in~dequacy of the value d~he propaty wwr~gaged or to the so..~e*~cy or ~rao:vency of uid MORTGAGOR or the defe~dants, a~d that such
reros, profits, income. awes an! rerenues shalt be app+:ed by wd~ Rece:rer accordn~ to ehe lien or equ~ry of said MORTGAGEE and the practice of such
CouA.
8. To duFy. ~ornptly u+d futF~r perfam. ~urge, ace~cvsr. effect, oo.npkte eo~nply with and sbide bp eacfi and every the stipulations, agreements.
conditior?s and crnr~+++nts in sad promissory note and ~h4 morx)~ge ser iorth.
9. That in the event tfie owne~sh~p d dx .nortgayed pemaes, or ary part thneof, becomes vested in a pe?son other tF~an the MORTGAGOR, the
M,ORTGAGEE, its wcceuws and usgns, may, w~rl+ou~ rwr.ce ro ti.e IMOitTGl.OR, deal w~th wch wccessw w wccesso. in interest with rete?ence to thia
mortgsge a~d the deb~ hereb~r secwed in ti+e same ~+sr~ as rrth Abrtg~go. w:stw„t in any way vittating w d~scha.g~ng the Nbrtgagori liability hert
under a upon the deM herebp secured Nu sals of ri+e prr~nises hrreby nwrgaged and no forbearance on ti+e part of the MORTGAGEE or its successo.s
o. auigro snd ra eYrension of +i+e t.me for eiK payme.~t of H,e deb~ herebp secwed g:ven by the MORTGAGEE o. its wccessors w au~g~, sha~l operate
to rekase, d~sd~arpe, mod~fy ct?ange or affect tfie orgiial l:ab~i,~ af the IWORTGACrOR hereir~. Mhe~ in whole or in part.
10. It is spectficslly rgreed riw f.+.e a d the es~ence oF tirs coe~tract and tha~ no wsiver of any obl'gatan hereunder w of ths obl'gation se-
cured hereby shap a~ any tirne rhareafier be heSd to be ~..a:.er of the tcrms I+ercof or of tl+e irotrument secwed he*by. '
11. In add~t~o~ to the forego:og mo~th~r parm~as of pcK ~f and irnerest requwed by the promissory note secured hereby, mortgagar covensnts
and sgrees w paY to .-.wrtgagee witi~ rach mon*i+tir yryt~enr an ~do.r:onai s~wre esr~Ta~ed bp mortgagee to be equa{ to 1 j 12 of the annual cost of the folfow-
'ng:
A-All real property ta:es Ir+r:r3 or assessed aga+as~ rhe abo,re desvil..ed real estate.
B-Prert:i~ms on fire and windstocm inwrarcr at nert"at reqcifsd to be cxritd en the improvements situate on the above desuibed premisei.
C-Prem~ums on such mo~rtgs9e guaranr~ insurarce as euo~*)agee shaU f.«n r-me to t~me deern fit to carry on the foa~ secured hereby.
f MorTgagee sfiall from r~me to t4~ noi~f~ mo.syagor :a .w"a~rg of tlr amo~.,~t d~e and pay~bfe he.eunde~ and wch wm shall thereupon be due and
~ Fayabk on the due oav of rhe ~+est m~ocirh:y par*.+ent x+d each sucass:re monrl+ rF+ereafter ur.til mortgagee shatl notify mortgagor of a change in such
amount. S~xh wms shall be ~ppiied by eswrtgr~ce ~wrud tne pa~nMt of real popMy ta=es, insurance prem.ums, snd mortgage guaranty insurarxe
premiums.
IN WITf~55 WtiEREOF, the sa:d 1NORTGAGOR f~a Fxreunto set ha hand and seal the day year fint aforesaid.
Signed, Sealed aed def'nered in ~s pesa+oe o(:
h
~ as R e ler q
~ ~i..c~L.~ 1 C~t ~ (se+q
_ Elsie E. Peeler ~eiq
STATE OF FLORIDA ~
courm of St . Lnc ie
~f«~ ~ ~.~o.?~iy ~~a Ja~es R.Peeler
Elsie E. Peeler N,~r~, to me wen known .~a kr~ow~ w me ~o b.
rhe ind'n7dwls descr~ed 'o+ and who e:eaned the foreyo~np ir~mr, and sdcrwwkdged before me that thay executed the same for the purpaaes
rl~erein eupreised. Md the ssid_E~ sio F__ P~1!]r
w~re of rhe said Ja~es R. Peeler , ~pon asep.r.+s.~d.priwt.
e~aniu~af~on by me takea sepirate ard apart 6o.r !w s~d Maband, adu+owledged to and befwe me that she execvted said iru~ur~i+t.-~rpely~,nd volun-
rarily and witFwut u~y c,oe~puh+on, wentrairt, aPPreh~s:on, or fsu ol ot fran her said husba+d. t .
WITNE55 my hsnd snd official seal tiis d,,, Augus ;~:;.:.:~.;d4~~=93
~ - C~ - •
~ • Nolary PuWic in and for t Stat's~ i/~ a~' pi i
AI1y Corm?ission esperes: ~-6 • M.*6TA : ~ ~
Ret~rn To: w+~ji . p~~
Fiat Fede.al S~v' a lo~n Assxiat:on M1' UlQrip
' o~ Fon P:e,ce. ea,aea '~P?eE~~'~_ ~d 29, ls7s
y;;~'r~•rn
arwr,ee.~
Fon Pierce. Flor+da -~r ~~«11~`~~~~~ :
;
rorttus ~ #
This lnstrument Prepared By R~chazd V.Nope ~~Sw=
~ First Federa! Savings b Loan Assouatwn ~~P•01?0 Y[~+f ~f8
of Fort Pierte, Flozids p~~!~~ ;
Y~' '7 ,
Checked By ~
oox217 P,~ - js
- 2944 ~,~s1
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