HomeMy WebLinkAbout0626 3. To p(aca an~ co~~t~nuo~siy Rrcp cn ti~e t~,:u~~.~s now o~ 'r,r~r.;f~zr ~:~.,eti on s~~d tan~ and on el{ ~q~~N:~~rnt and personaliy covercd by thls mo~~g-
ene, wJh all prrmiu-ns ~h.•~e•on ~,a:d ~n 1u~1, I~r,r uu_+.+,:c ~n tha us~~l s~and~ir~ ~t~~y fonn, in a a~m aHp~uvad b/ the MUA~GAGEE, a~~d w~:~dsw~m
:nwrance in the usual ~r,nd.ud Fol.cy +o~~n. in a s~~n e;:piuy.ed t~y thr h~ORTG~.GEf, i~ iuch ca~~~pany or co~npan~es as the MOkT'vAGEE ma~
dr~ect; and all fiie a~~d v.,n~storm ~ni~ra~~ce F~:~<~as on any of sa~d 1wi~d:nyt, any intar~st there~n or pert thereof, in the aggr~ga~e s~m atoresa~d or
in extess thereof, st~all :onta,n the ua~a~ s~a~•,~a~d morty.,yre Cause or such o~her deuse as ~he Mortyager may raqu~rq maA~ng the ioss~ nda~ a~~d pofi-
c~es, each and t~«y, PdjdJ~C' ro sa~d A~JRIG.:GEf as :ts ~n~er.~st ~n~y ap~ar, and each and e.ery svch poi~c/ sh~{I i,e prompuy assgnrd and de~~~~~r~-d ~o
any hald by sa~d A10RivA'vtE as furlher sr:unty to sa~J ~~•o:~~.,~e d.:bt, and, not Icsf ~han ten (10) days in 3(IYJi1CC O~ th~ expuat~~n of eech pot~cy, fo da-
!~~er ~o sa~d A10RiGAGEE a rc~~cwai thrrruf, tuy~e+hrr with a rcce~pt for /he prenuum oi such ~enewr~~l; and thrre s1~o11 be no i.re o~ windsto+:n insurante
pl~ted on any o1 sad b~i!d~~~gs, any interesl the~rm or part thercof, ~nlcss in the iorm a~~d wifh the Icn payable as afo~esaid; a~d in Ihe e+enl any ium
of money beto:ncs payeb'e under such µolicy or pol~c~es sa~d MURIGAGfE s1~.,lI have the opt~on ~o rrc•.~ve and appty the reme on accoune of tha i,uf~Wrd-
nais aewr@d hereby o/ fo pe~rn~f sa~d MORTGAGORS to rCCvivn dnd us! it p dny part the:rof t0~ otrict µuiF~oscS, vii~h:~t th_~au~ ~~,;i~.~ i,~ or ~~~p~~~-
ing any rquny, f~eo or nght unde~ or by virtue of ~h~a ~no~~~agr; and in ~he evrm sa:d MOR~GAGORS shatl tor any reanon fail to kcep the sa~d premis_s so
inwred, o~ fail ~o del~~er pro~nptfy a~y of s.~~d po~~uet oi ~muran~e to sa:d MCRIGAGEf, o~ fo~! prc~r,prly to pay f~~ly any pre~~~+um therefor a in any
respe<Y fa~{ to pe~form, d~sch,rge, exec~tr, effect, cornp~rrr, co:nply w~th end abide by this tovenant, er any pa;i hareof, sa~d MGRiG~GEE may p~at? a^d
pay fa such inwrance o~ any par~ thereof w~~hout Wairing o~ af(ec~ing any option, lien, eqv+ty, or r(yht under ar Wy virtue of this Monqage, and the
f~ll a~no~nt o( ea~A a~xf e.ery wch paymrnt shall 6e ~m~ned~ately due and payabtc and shail brar interest }rom the date thercof unul pa~d at rhe ~a~e ol
n. i. i
e pe~ ~entum pcr dnnwn~~n~ to3~•th~r Nith su[h int~•:~s~ s?~ali t,r sac~r.-d by the I~en of thiS mOttgagC.
J. To permil, commif or suffer no waste, impairn~~nt or detrr;orahon ot said property o~ any part lhereof.
S. To pay all and sing~~a~ the costs, charges a~~d exF:ensrs, ~nciud~ng a reasonabie altorney's fte and costs of abst~acts of tetl~, incurred o~ pa~d at
3ny fi~ce by so~d MOR?GAG~E, because o~ in ihe event of the fa~lwe on the part of ~he said MORTGAC~R to d~ly, p~~enptly and futly periorm, d~scherge.
~.rc~te, etfet~, can,plere, co+npty w~th and ab.de by er..h and every the itip~lat:ons, agreamems, condiNons, and covenants of sa~d prom~ssory ~ote and rhis
n,orrgage any or e~~her, and sa d costs, charges and expenscs, each and every, shall be immrd~ately due and payable; wheiher w not fhere be noT~ce d~
n,and, attempt to colleu or s~it pendng; and the fvtl a~nount of each a~~d every wch payment ahall bea~ interest from the date thereol umil paid at the
r..+r o~ n~ne per c~nt;,~n F:a~ nn~w:n; ~~~c' ail said wvs, c~+irg~s and e aprnses ~ncunrd or pa~d, together woh suth iuteirst, shaU be secured by the I~en of th~s
~r or tgage.
6. That (a) in the even~ of any br~ach of this tilo~tyage ot dejau~t on tM pa~t of the lL~OkTGAG~R, or ~b) in the evrnt sny of sa;d sums of money
h~re~n refe~red to be not promptly and fu:ly pa~d r:irhin th:rty (3iU days ne,~t air~r the sanie se~eratty become due and payab!e, wi~h~W dempnd or nouce.
or (c) in rhe event each and eve~y the snpu.anon:, ayreemenu. co~d~s~ons and covenanis of sa•d p~on~issory note und th;s mortgaye any or e~ther are not
i~ty, promptly a~d fuily periorm~d, d.xi~arg,d, execu~rd, effectrd. co,np;etrd, tomp~.ed w~th and ab~d~d 5y, then in e~ther or any such event the sa~d ag
greqare sum ment{oned in sa~d pro:n~ssory n~rr thrn remah~Ing unpa;d, w~~h interrst acc~~ed, and atl rnoneys secured hereby, sha:l betome due and pay
ao:e ferfhwith. or thereafter, at ~he cpnon of s.+:d htiO~tGAG~E, as f~ily and comple+e~y as ii afl of ~hr sa~d svms oF money were or~gindily SUpulaied
to be pa,d on suth dcy, ari~thing in sa.d pro:ti:ssory note or in this Mwtgaye to th~ conrrary nor,v;;hsrand„ig; and tha~cupon os thereaftef a! the opt;on o(
s+ d MORTGAGEE, v.rtho~t no~~ce or de;,:ard, swt at law. a in eq~d/, therztore or thercalter be~~n, may be p~osecuted as if all moneys aecured hereby
n d mawrecl p~~or to ~ts insntu!~on.
7. Tltae in ~Fx, rvent fhaf at the beyinnlr~g of o. at any time pend~ng any sult upon ~his h~orfgage, or ~o fwecfose it, or to reform if, or to enfo.ce
~~,ment of any ci..;ms ha.•.~•~de~, se~d 1.10RTGAGEE sha i appty to the ~ourr having ~urisd,c~ion.thereof for ~he appomnnent oi a Rece~ver, wch Co~rt shalt
4•~~rhwith appc~nt a rrce~ler of s~~d nar.gay d pro~rty a;l and s~n~~iar, ~nclud ng a;l and s~ngular the ~r.come, oroids, issues ard reven~es from wha~ever ,
s. ~,rce derf~ed, each and every o1 wn:ch, d t~~r;g expressty und~~srood, is he~eby merrgagrd as if speGlically set fo.th and described in the graming and
hal:endum cia~ses hereof, end s::ch Recr~~rr sha:l ha~e a11 the t~oad and efiecnve funct~ons and po~vers in anyw~se ent:~sted by a Co~rt to a Receiver, and
s.,h appuinrmc~v shjil ~e rr.ada by s~ch ~c.:~~ as an ad,uttrd eq~~!y and a ma~te~ of absoiute right to said MORTGAGEE, and w~rhour ~eferrnce io the
~:_y~>cy or inadxyuacy of the vaive oi inr propcrry mong,ged or to rf:e so.vency or m;uivency of sa~d MORiGAGOR or the def~ndants, and ~hat such
~••~rs, prof~ts, income, issues a~~d reveiwes :ha~l oe app~~ed !~y wch Recrner ac.urd.ng to the lien or equity oi said MORiGAGEE and the prachce of such
Co~rt.
8. To du!y, promptly and fuDy periorm, d~scharge, execufe, effecr, comp(ete. comply with and abide by each and every ihe stipulations, agreemenss,
.::~d~tio:~s and covenants ~n sa~d promissory ncte and th:s mcrtga3e set forth.
9. Thzt in tne efe~tt the o~~.ners!~ip of the mortga~ed pre~n~ses, or ariy part ti,creof, becomes vested in a person other than the MORTGAGOR, ihe
_~FivaGE~, ~+s succenors ard ass~gns, may, w~rho~~ nor~ce to ~he A'ORTGAOR, deat w+rh s~ch s~ccessor or wccessor ~n interest v.i~h reference to th~s
rrgage ard the d_b~ hereby secured m the same manner as with 1,\ort~ago~ w~thout in any way vit.a~ing or d~scharg~ng ~he Mcrtgagors' liability here-
~er or upo~ the debt ~ereb~ sewied. No sa!e of the F~em~ses he:ehy mong~ged and r,o farbearor~ce on the par~ of the /AORIGAGEf o• ifs successors
or ass~gns and no exrens~on of she t~me fo. ~he paymem of the debT h=reby secured given by tF~e 1hORTGAGEE or its successors or ass:gns, ai~all operate
ro :e~ease, dacharge, mcdify change or affect the orig~nal liai>.ilty of the l.^.ORiGAGOR herein, eitner in whole or in pa~t.
10. It is spec:flcaGy agreed that r;me is of the essence cf thls contract and that no waiver o( any ob+igat~on hereunder or of the ob!iga?ion so-
cvred hereby sha~~ at an~ time tferratser be hu!d to be a werver of the :ermi hercYif or of the instrument secured herby.
t 11. In aud r"~~ to rhe iorego r•,•;nf1~~~ y,~y,, ~n;s ef p:+:,c ~at and int~res~ requ~red by the prom sscry ncre sccured hereby, mortga~or covenants
d agrees to ~ay to n:ortyagee v.~th each r.~.~n•h'Y F•~r i•.:t an add•~~o~:al sum est . ared by mortgage~ to k,~e eq~ai to i 12 04 the annuai cost oi the foliow-
4 ~
s
€ A-AI} ~rai prop:.rty taxas i~n~d o• asses~c~i ;,~,i:c: ;hc a':~re dc.sn;':,d r,a! es~a!e.
~ B-Pr~-:r,~~~ns on f~re ai:d a,~r:dstor~.• ~rs~:-:;: ;e ns i~=~~ r.~q,.r~d to be carri-~ on the :mr~ovemeits s~wate on th_ above descr,bed premises.
F C-?re~~~u:r:s on such mcrt~,ge gvaran!y ~ewra~ ce BS mo•r3,~yee st~a:l 4r~r.: t,re !o tr^e drem fA to tarry on the loan secvred hereby.
; A1or!geqee s%~~~!( `rcm tfrnN to t:~~-e •~crfy ,nc,+y;gcr ;n w~~ring of ehe a•-~ov~t d~~ and payable ber¢undrr and such surn shal~ thereupon be due and
~ .~;ab'e on tha d~e d~~e of th~ r.~xt ;nonti;:y pay ne~it and each successi+e month thereaf~er ur.ti! murtgagee sha!! notify mortgagor of a change in such
~ uvnt. Such >~ms s~a.! be a;;~..;~d by n;org,~ so:•:ard fi~e pa,me~t of r_>ai prc~;erry taxe:, insura.xe prem:vms, and mortgage g~aranty insurance
~ ~,~erniums.
IN \'1lT~~ESS "::NER~OF, the sa~d MORTG%:G08 has hcreunto set his har•d and seal the day and year first aforesaid.
Signed, Seaied ar.d delivered in the preser,ce of: ~
- - ~ ~ Seal)
_ _ _ TOIIIitl a7 S (Seaq
_ j ~ ( - .L~~ l ' ~ ~
' (Seal)
~ - ~ - Patrilla . Davis (s~aq
= S~:+TE OF fLORIDA ~
Lucie u~
~ :JUNTY OF St• ` _ ~
~
3 Beficre me persona!iy appeared _ TOIIII7~~ ~ Ud V 2 S and
~ Yi] t T 1_L Ic3 C. V 1 S his wife, to me well known and knovvn to me to be
s r^e ind~v~duafs desc~ibed in and who execvted the foregoing instrument, and acknowledged before me that ~hey exec~ted the same for the purposes
? rhArein expressed. And /hA :a;d________ Patrilla C. Davis-
; :~.fe af the said _ TOPLTiI~! C. ~d V 1 S upo~ a separate and private ~
~ am:nat:on by me taken separate and a~:art from her sa~d huaband, acknowledged to and before me that she executed said instrumeM freeiy and voiur~- ~
t "an'ry and w~~hout any ~ompus~an, :o~srrai~r, apprehens:on, or fear of or f~om her said husband.
3 WITNE55 my ha~d and official seal !his___~.~--t'L" _ day of February A p 19 7Q
3 ~..A~''J~- ~
Notary Public in and ior 1 e$tate of Florida at large
_ . My Comm~ssion expires:
2etum Ta: . - ' - :",s. -
- `~f~11:itI//.
- First Federal Sevings 3 loan Associat~on ~
f of : ~.t P , ~ ~ ` ~ • . N~hry ?Y4~c, St.t~ ~f Flerido ~ lo,~
; Fort F~~_•ce. Ficrid~. `~J •
. My Gmrnisd~n Eyins Oct. 70, 191~
- ' : ~ondsd br An~~rk~n F~~ i Casuol!p Co.
- f • ~ - -
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_ ~ • L- ~ - ' f?~c~e~: -.~c:~~OfC
- This Instrument Prepared By J. H. f~vDAtt~, ~„1~~ r. - iT,l~lG: ..~N1'Y F~A, -
' First Federai Savings 8 toan Association '
_ ~ R,v?: . r~:T~a$
- of Fort Pierce~ Florida . ~ . Gt~"1~. 4.',,:: i,OURT ~
_ ~ - _ ~f!t:! .i rr ii~ ~
Checkzd By ~ . r
a ~ r' 1 H ~l~/V \~e ~5 9 39 A~ ' Z~
_ 224 ~E 2'7S328
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