HomeMy WebLinkAbout2172 To p'.ue an~ coro~n::ow~~ 4eep ~n ~i~r t.._,~ :i,• ~s ~~ur ur i.~,.~,itrr s~~.:z ~n s~~d tand and on a~~ eq:~~ ~,em srd ~erfonally co.er~d by ~h~i mong-
~g~. w:th ~II pirnuu'n{ Ih~reon ~.o d:n f~ii, Lr~• i~~s~r,~~.tc ~n Ihr us~~l SIJI.:IJf{~ po'~e/ IO~m, in A fum d~.y~~acd by li~r h1VR~i.:.GEE. and w~ndsr:~m
insu~ance in the us~al uandar~ F~u; cy 1u~m. ~n a w~n a~ N~o.rd W ~he h10RTGAGEE, in such co~rpa~~y cr cc~nF'.en~et as ~he RtC~21C,iAGEE ~ndy
d~rec?; ~.~d atl f~re and w,~~~~onn ins~+ance pu:~i~rr on any ul s~~d b..~:d:ngs, any in?eiest ~i~e+ein or ~a•t ~h~•~eof, in 1he agg~<gafa a~m aforesa~d or
in e~crss ~herc~o(, shall com,u~ ihe usu.:i a~~ .J,rJ uwr~y.~yce ro~se or s~ch o~her dause ai ~he hle~tyayea may reyu ~e, mak~ng ~ne ~ou w~dr~ to:J po~~•
cies, each and r:ery, pa,aL'e to said 1d~iRiuAG.E as ~ts in~~r~st ~~~oy ap~xra~, and cach and r.ery svch p..',.j sF~a!! tx pron.Nny as~g~~cd a~+d do~~vcnd ~o
any h~Id by sa.d ,".10R?GAGEE aa tuni~~•r s•_w~~ty +o sa.d n ~.igoge J~br, e.,d, no~ 'ess Ihan ?en ;10) deys in ad~ ~~,ce of ~hr exHuot~w~ of eech po6cy, ~o da-
liver to s.~+d MORTGAGf'_ a renewal th~~reof, ~oyr~hr~ v.+th a rece F~t for fhr prrm~um of auth ~e~ar,wal; a~~d th~•re anall be no f,re o~ w~~:~~~u•~n u~auronce
pleced on any of s.+~J 6uild~~xts, any mteres~ thera~n or part tl:e~rot, ur,icsa ~n the form and with the loss payable as aforesaid; a~d in the eaent any sum
of money brcomes payabte under such Noi~cy or poLurs ia~d S~OkTGAGiE sh:il have ~hr oNi~on to ~ecv~vv 4nd apNiy thr se~~,e on acco~~v of the u~d~•b~.~d-
ness secured ht~eby ot to per~~~~t s~:d MORiGAGORS ~o rec~•ive and uu it Or any p.,rt ~h~:col tor o;i,. ~~:ur~ ~sra. ...+i,.;,.t th_•. ui .v..~.~ c~ N.~~'
~ng eny eq~~ty, I~rn or r~ghr und~~r or by virwa of thas n:cr:yay~; and in ~he evem sa~d M021l;AGORS sha!I 40~ any re.~aon iail to krep the sa~d p~em~s,s so
~nsured, or fail to det~ve~ pro~nptiy any of said pol;cies cf inSUrance ro Sa.d MORTGAGEE, o/ fa~! promNtfy 10 pay fui:y any y«~n~urn therelo~ or ~n a~y
respeU (ai! to perfo~m, d~sch.;~9e, executa, effec~, co~~~p~eta, comply •.virh and abide by Ihis eovenanl, o~ any pait htreof, Sa~d MURTGAGEE may piace n~ d
pay (or Such ~nsur~~nte or any part ~hereof w~thout Hreiv~r:g of affeding any ophon, tien, equity, or r~~M unde~ or by v~rtue of Ihis Morlg~ge, and the
1ull amovnt of each and e~ery such paym.>nl shall be i~nmrdate~y due and pa,raWr and shall bear inte~eat from tha dete thereoi until pa~d at ~he rate ot
n~nt per crnrurn per ann:,~n and to~~ih~-r w~rh wch inr~~~~.s! shsi~~ ~,e sacurad ~t~y Ihe Ifen ol this mortgage.
4. To petmil, Com~uit or sutie~ no wasre, impairment or det~~norat~on of said p~oprrty or any part the~eof.
5. To pay all and singutar the costs, charges and e.pe~ues, ~i~dud~n9 a reasonable atrorney's ire and costs of abstracts of title, incvned o~ pa~d at
any tL~:e by sa~d MORIGAG`_E, because or in the evenr ot the fo.iurr on li~e part of the said MORTGAGUR to duly, pro•uptly and futiy pe~form, d~scnxge.
exe~cu~e, ef(tu, cu~nylete, co~nply w~th and ab de by e.,:h and eve.y the s~ip~'at~ons, ayrermenn, cond~t~ona, and covenants oi sa~d p~o~.~~ssory note e~~d fh~s
~~ortgage any or ei+her, and sa.d cos~s, charyes and expe~ts~s, each and every, sha11 be immed~ately due and payaLle; whetker o~ nof there be no~~cr d~
n,and, atte;npt to coL'ect or svit pend:ng; and rhe fut! a~nount of each and every auch paymem shall bea. inrerest from the date thereof unril paid at ~I~e
~„r~• u~ n:ne }>er ct~nturn ~•cr en~w:~r, and ali said coi~s, ci:a+ges e~yd ex~,rnses inturred or paid, toy~tt:er wuh suCh inte~rsi, shall be 3etured by the I~en of thA
mOIt9a9C.
6. That (a) in the event of any breach of rfi~s Mortg~ge or drrault on ~he.part of the MORTGnGOR, or (b) in the eve~t any of sa:d sums of mo~ey
i,ere~n refersed to be not pro~nptly and t~~ly pa;d wntu~, tn.rty (3J3 days nexr afn,. the sarne se~era'ty tecome d~e and payab!e, witho~t demand o~ notice.
or (c) in tnr event each and eve~y ~he snpu a~~ons, agretm~nts, Cond.t~o~~s and co~enanrs of sa d prornisscry ~o!e and th~s mortgage any or e~ther are no~
iuly, pro:nptly and tu;!y performed, d.sci~a~g•_d, execvred, effraed, complet~d, compi~ed wnh and ab~cird Sy, then ~n e~~her or any such event ~he sa~d ag~
~•egate sum mentioned in sa~d pron~~ssory ncse th._n rema.n~ng ur.paid, with inrcrrv acuued, and a11 rnoncys sec~red hereby, shal~ be<ome due and pay
a~:e for~hwirh, or th~reafrcr, at the opr+on of sGld .•.`ORIGAG~E, as fufiy and comp:etety as if a!1 oi tf~e sa~d sums of money were or~ginatly at~pu;a~ed
!o be ~a d on iuch d,:y, anything in sa d pro:r~isory note or in this f\ortgage to the coNrary not,vithstand~ny; and the~eupon or thereafter at Ihe option of
sa.d Y.ORTGAGtE, v.itkoct not;cz o~ der-iand: svrt at iaw or in eqvdy, lhrrefure or ~~~ereahe~ beg~n, may be prosa:wted as if all money3 sewted htreby
n ,d r.~at~red pnor to ,ts ~r.st,tu:~on.
7. That in the event that ar thr b•_ginn ng ef or at any time pend~ng any su~t upon t~us Mortgage, or to foreclose it, or to reform it, or fo enforce
{-.i~mfnt of any ci,,h~~s he~runder, sa~d MORTGAG~E shal; appty to rhe Court having ~ur:sd.ctioo thrreof for the appo~ntment of a Rete~ver, wch Cowt shall
fr~ihwnh appeint a receivrr of Said mo~tgaged pro~rry ali and sinyu'ar, inci~d ng aSl and singu~ar ~he income, prolus, iss~es and revrnues from v.hatever
so~rce deri+ed: each and every of wh:ch, it lx~ng exFress`y ~rnd~nTUOd, ~s h.er•_-b~ mo.tgaged as ~f spec~~rcally set ior+h and described in the g~ant~ng and
h~bendum c~a~ses hereof, and such Recci~er shat{ ha~e aU tK~'b~.,ad and effecnve funct~on: and powe~s in a~yw~se emrusted by a tovrt to a Recriver, and
s:ch appo:ntment shoi! br m;de by such Cow~ as an ad:»nred eGuity and a r.,atrer of aEsotute rigM to said MORTGAGEE, and witha~t re(ererce to the
a:lequ,cy or inadeqvacy oi tie~ value of tfie propeity mortgage~ or to fhe so:~ency or inse~ve'+ey o( sa~d MORTGAGOR or the defendante, and that suth
r~~~n, profits, inco:ne, issues and revenues sha!! be appi~ed by sLCh Rea.~ver uc:ord;ug to the lien or equity of said MORTGAGEE and the precnce of such
Court.
8. To du!y, prompt!y and futly perfo~m, discharge, execote, e{tett, com, ic~te, tomply with and abide by each and every the stip~(a~~ors, agreements,
condit:ons and covenants ~n sa~d promissory nete and th,s murrgage set forth.
9. That in the event the owne~sh~p of thc mortgaged premises, or any parf thcrcof, bemmes vested in a person other than the MORTC~AGOR, the
:'•.^,RT~:,GEE, irs svccessors and asvgns, rnay, v.~shout nur~ce to the A'ORTGAOR, deal wnh such successor or successor ;n interest wi+h re(rre~ce to thls
~.o•rgaye a~:d rhe d_-bt hereby sewred in the same ma~~ner as v:~th l.!ort3a3o~ w~rhout in any way vit;ating or d;scharg~ng the Mcrtgagors' liabiiity here~
;,roer or ucon the drbt hereby sc.wed. No saie of the F~c ::~sez herrby mortgaged ar.d no forbearan~e on the part of the ?dORTGAGEE or its svctessors
or asa:g~s and no extens:on of :he !irre for th? payn;~~nt ot rhe debt hrrehr siwred g~ven by the tAORTGAGEE or its successors or asslgns, ahall operate
!e re!ease, d~scharge, mudify change or afiect the ong~nal liai,.taty of the NORiGAGOR herein, either in whole or in part.
10. It is spec~~icaiiy agre~d ~iiat tirne is of the esserce ef this contrau and that no waiver of any obligat~on hereunder w of the obligation se-
c~~ed hereby sF.eii at any ti~,e thereafter be ne!d ro be a waiver of the terms hereof or o~ the instrument sewred herby.
! 1. In a:id 'o the iort•qc n~ n~a~:'hfv payn±~ n:s of pr:^c pal and ~~~e~est reau~red by fhe prom:sscry nofe sccured hereb/, mo:tgagor covenaMs
i-~d agr~es tu pey ro n:ortgaqec xith e~ch rt~.=+~?h!y pay,:~e~~t an add~:iona' sum es'~:nated by mortgagee to be equal to 1; {2 of the annual cost of the follo~x-
A-A!i r~a! pro;:e~ey taaas lev~;:d or dSS?5:_:] J'j3i' SS ti~~, ai~o,re descr~htd roal es!ate.
~ B P~: s on f:.re a• d r,~,:d>>o~~n ~ns~r.:~ c_• ~s :>,arc~n r^q:, red to be ca~•~: d on the :nrroveme~!s s~tuate on the above dsscr;:.ed prem~ses.
f C-Pre:c~„ rs oo sucn n,o:tg:.ge g~a~,::~y ~^.sura~ ce as mo•tg~~•~~ sha:i fr~ n t n~e to time deem ti1 to earry on the loan secured hereby.
i V1o~tgagee s~a:1 f•om t~~,~e ~o t~~-e r.or~f~ mo+rgsgor ;n vvrit~nq oi rh? a~ro~ot due and payab'e hereundrr and s~ch wm shafl thereupoo be due and
; ab'e on th~- d.,e e~!o ef tna n_.t ~~:o~tn.; p:yn ^^.t a~:d e~:h succe>vve ~r.u:~'h thercafter unt~i mortgagee shall not~fy mortgagor of a change in such
~ ~urt. Such s~n,s ..e a~;i~i~ec+. by ~e:crt~a~:e to:.a~d ii:e Hay~re~~t of rea~ preFe~ty ta:es, insuranc~ prem.ums, and murtgage guarenty ?ns~rance
,•em~ums.
f IN \'lli~;ESS ::HEREpF, the said R~.ORTGAGOA, has here~ntc set hi: hand and scal the da• and ear fint af esaid.
Signed, Sea~ed and deiivered in the preser:ce cf: 1
3 _ (Seal)
~ - ' ~~~1~~_ ~ ` . Jo ph . o~v 1 (seap
~ ' ~ } ~ (Sea1)
~ , - c. ~J Helen O. Poaell ~~a~~
a -
~ ST~TE OF fIORIDA
~ St. Lucie ~ u~
~ ~JUNTY OF _ - I
s Befcre me personally appeared _ •TOSQ~Z1 B~ Powell and
~ _ Helen O. Powell
_ his wife, ~o me well known and known to me to be
rn~ ind~v;d~a!s describ:~d in and who e,cecuted the iorego~ng instrument, and acknowled ed before me that they executed the same for the purposes
~~e`~ rnerein expressed. And the Sd~d_---___ Helen Prn?el~l
~ .~,fe of the said JOSep~1 B. Powell , uFon a separate and private
~ ea.,m~nat~on by me taken separate and apjrt from her sa~d husband, atknowledged ~o and before me that she executed said instrument freely and volun-
; r,r~fy and w:thoui any com~~~s~on, consiraint, apprehens~ n, or fear of or from her said husband.
- 1M1fIiNESS my hand and offiual seal this_ -~Z~ _ day ~YCh A. D. 19 74
, . •
- . -t
;g ~ Notary Public in and for tne /e of Fbrid t large
_ _ My Comm~ssion eapires: ~ ~
- Ret~r~ To:
First Federal Savings 3 Loan Associat~on ,
_ Or c,-,rt P:.- _
W+# Fort Pi•rce. Floriu3 ~ ,
_ , ~
= E~^b„ ,t~;LR0E0 ' • • .
_ Sj~:U.,~t 3UNi`! f lA ~ ` _ • " , •
fi'vrF )~~RAS I :;tv . , ,
` This tnstrument Prepared By J. H. Roberts, JEt.E~' CG~RT ~ r~• f"
First~ Federal Savings & Loan Association RF~~~'~~ 'F~ f ~-n _ _ ~ . :
J
of Fort Pierce~ Rlorida y.e ~ 3 44 PN •p ! r-
Checked By ~ ``~~wv` • _ .
`s - r , f ~
W; 224 f:~~~~~.71
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