HomeMy WebLinkAbout2498 1. ~o place and cont~nvo~v~ keep on ~he L~~ .i~„_~s nc+v o~ h~•r~•~iler e~~e~e en s~~d !end ar.d on all . qv~~,mr„t aud per.onal~y to:ricd by tti~s ~nor~g.
ege. w~th all p~r~r,~~ms Ih~•~eon pa.d ~n full, Ine „~s„r~ .r +n thc us~a~ s~ord.~~d yo ~cy lonn, ~n a su~~~ a~N~~+eJ b~ the MvR:''v;.vEi. ~,d w~nJi~o~m
~nsurance in the ueua~ ~Tan.la~d Fo,.cy ionn, in a aum oy {~ro.rd b~ tha M~RTGAGEE, in such to~npany or w~~~pan~es as the h1pRIt;AGEE may
d~~ecl; and all I~~e and w.nJe~o~m inw~ante po'~c~rs on any o1 s~~cl Lu~~d.ngi, any inlrrefl thr~e~n or pan thcrrol, in Ihe agy~•_ya~e s~~+~ al4its~~d u
in euuss Ih~•reof, st~oll wnt,,~n ~he us~a~ s~and~rd ~nore~.,~ae c~~usr or wch o~her c~ause at the Mo~tyayee n~ay rrq~.~e, ma1.~~x~ tl~r ~css under aa~d poli-
c~es, each and every, pa~.:!,iz to so~d ~tiSJRTI,AI,tE as ni i~5~cr~ft n~a~ a~~~:~~ai, a~~d eac!~ nnd e~e~y such ~~o~~c~ sLa{t Lr pron',NuY ass y~~cd s~~d dr~~~c~.•d ~o
any held by se~d A10kfGAGEE as funher sccurny to aa~d ~uc~+ty~ge deoi, and, not Ieu ~teen ten (!Ol deys in ad.a~~.e ol the eapuotion o1 eerh No~~cy. ~o dr-
Irver to said MORSG:.GEE o re~eew..l thercof, toyethet with a rece~pl for Ihe prc~n~um o} svth ~er~wal; o~~d ~I~r~e sf~all be no Lre or w~:~;isto~m insu~ante
plated on any of sa~d bui'd~nys, any intcrest Iherrm or par? thrrruf, untcss in the form and w~~h the loss pay~ule as afc~eaaid; nnd in the e~ent any sum
oI money becomes payab!r vnder such po~~cy or po!~c~es so~J MORTGAGEE sh,N have ~hr oNt~on ~o rec~~ve ~nd apyty the aa~ne on ac.o~~~~ of the ind~•br~J-
ness secu.rd hrr~by or ro pe~mit sa~d MORTGAGORS ~o r~cr~vr and use ir or ,.ny p.:~r n~e.~~of ror o:i,~ r u:,~, :;s~•s: ..,u+-.~r ~t~ ::r ~3
ing any eqv~~y, Gen w riyht under or by vi~we o) Ihis n:crrg~ye: and m the evenl sa~d R10~2TG~GORS shall for any re~son (ail lo kee{~ the sa~d prem~~:s so
insured, or fail fo de'iver pro,nNtly dny oF said ~~oLcies of insu~ance to sa~d MORIGAGEE, c~ lei: p*ompt~y to pay fu:ly any prr~~~:urn ther~•1or or ~n a~~y
respect fail to pe:fo~m, d~sd~arge, exe.ute, etfect, canpter~•, co~~ply wiih and ab~de by this tovr~unt, or any pa~~ h~reoi, s~~d MuRiGaG~E ~~~ay p~ec<_ a~~a
pay for such insur,~nce or .~ny part thereof wi~houl waiv~ng or aflecting any opnon, lien, eq~~ty, o~ ngM ~nder o~ by v~rtoe ol this A1ong.~ge, and tht
1;,11 amaunt of each and e~ery such paymem shall !,r i~nmrdiately due and payaLle a~~d sfwll hear in~erest fiom tha date ~hercof u~~til p;,~d at the r,,ie oi
nine pe~ centurn pe~ annum .~nd to~r~h~•r with s~cfi int~~r~•st s~~a~~ t~sr s?:uri•d by the liea of lhii mortga9a
4. To pe~mil, tommil ot suffer no wastr, impa~rmrnt w drter~oration of sa~d property or any part Ihereo(.
5. Tu pay all and singular ihe costs, cherges and ex~e~~ses, ~nc~ud~ng a rrasonable a~~orneti•'+ fee and cosn of absnacts oi tif;e, incurred or pa~d at
any t~~ne by s.;~d MORTGAGfE, because w in the event of ihe (a~iwe on ihr par~ of ~he aaid MORTGAGOR io duty, pranpi;y and fuily per}o~m, d~sc}~a~ge.
_,rwte, efieu, cernplete, canply w~th and ab.de by each ar:d r.ery ~he stip~lot~ons, agreem.~nn, cor.d~tions, and covenanu oi sa~d prc~n~;sory note and ihis
,:ortgage any o~ e~rher, and sa.d cests, cha~ges and expenses, each and every, shall be immrdiately due and payabte; v+he~he~ or not there be ~o~~ce d=
mrnd, atte~npf ro collect or svA pe~~d~~~g; and the tult a~nouM of each and every svch paymen~ shall bear i~reres~ from the date the~eof uroil paid at the
~.~~e ul ~:~ne prr ce~tum Ner en~ivrn; onc' a~~ sa~d costs, u~arg~s a~~d ex,:ur.ies incurred o~ po~d, toyather w~th auch interest, shall be secured by the 6er. of th~s
mortqage.
6. That (a) in the event af any brrach of this 1No:tgage or defau~r on th- part of the M.UkTGnGOR, or ;b) in the eveM any of sa'd sums of money
herein re(erred to 6~= nor pron pt!y a~d fully paid w~thin th:rty 13J1 days nex~ a~~_~r the same selero'iy become due and pa~abte, without demar~d or notice,
or ~c) in tha e+em eech and every the slipu:ations, agreements, co~d~sior•a ar.d coYenanfs of :a.d pro~nlsso~y nore and th~s mortgage a~y or e~ther are nol
~~;y, pro:nptly and t~:ty pertor~r,ed, d~scharged. ewewted, e?fected, «unplet~d, cornp~;ed w~ih and ab~d~~d 9y, ~hen in e~fher or any such evem the saed ag
3~egate s~m mero~oned ~n saiJ prom~ssory ricre then rema~:~ing unpa~d, w~~h lntrre>t ~cciufd, and at! moneys secured hereby, shatl bccu~ne due and pay-
ai~ie forthwith, or thereafter, a1 the opt~on of so~d 65pRTGAGEE, as ful~y arxl compietrly at if atl of the s~:d sums of money were or~ginally stlpuiated
~o be pa.d on s~th day. anything in sa.d pro~nanory note or in this hlortgage to the cor.trary not.vithstanduig; and thereupon a lheteafter at the Ophon of
s~ d MORiGAGEE, wrth,ouf nohte or dem3no, s~it at iaw or in eyuity, therriore ~t therroher beg~n, may be proseNled as il all moneri secu~ed hereby
r::d matured pr~or to ns imtitut~on.
7. ihat in the event that at the beyinn:ng of Or at any time pendi~.g any suit upon this Mo~tgage, or to forec+ose il, Or to re{orm it, or fo enfo~ce
p~timent of any c~aims he.eunder, sa~d ldORiGAGEE sha!~ apply to ~he Cowt ha~~ng ~,;r~sd.u~o~. th~~r_•of for the appo~nt~nent of a Recr~ver, such Go~rt shail
i;,:;hw~~h appoint a receiver of said mortgag~•d pro~xrty aii and s:ngvta•, indvd,ng aN a~~d s~nqu.ar thr ir.come, prol~cs, issues acd revenues from whate+er
s~ ~rce der~ved, each and every of which, ~t be~ng express'y ~nde~sf.;od, ~s Fereby mor~gaged as if spec~titai:y set forth a~d descnbed in the g.ant~ng ar.d
h.~bendum davses hereof, and such Recei~er sha~I have all ihe broad a~~d effetn~e f~nct,ons and powen m anyw~se ero:~ved by a Court to a Receiver, and
s.ch appc~ntment shall bc rt~ade by wch Covrt as an ad:~~ttrd rqulty and a r.:atte~ ~f oLioiu~~ right To said MORSGAGEE, and witticul reicrer.te 1o the
ad?q~acy or inadequaty of the va+ue of the p:opz~ty mortgaged or to the sv •:enc~ er ~n;o:v~~ncy oF sa~d MORiGAGOR or the defendanti, and !hat such
r_~-,~s, pro(~ts, income, ~ssues and revenues shalt be app~~~d ~y svch Rece~.er accord:~,g to the lien or equ~ty of said MORTGAGEE a~id the p:auice of s~ch
Court.
8. To d~:y, promptly and fuliy periorm, d~xi+arge, exewte, effect, compieTr, co~npiy w+th and abide by each and every the stipuiat~ons, agreements,
conditions and covenants irt sa~d promissory nose and this mortgage srt forth.
9. That in the ev~nt the ownershep oi the mortgaged arern~sFs, or any part thareof, becomes vested in a person other than the MORTGAGOR, the
:'^.RTGAGEE, its suc:ezsors ar:d assigns, may, w~~houT rcnce to the 1'.:ORTGtiOR, dea~ w~th wch successor or s~.cesso~ i~ ir.terest ~vith relrrence to this
r o•rgage and the debt he~eby secu:ed in the sar.:e mann~•r as v.~~+h 1.'.ert~ogor w~;ho~t in any way vit:ahng or d~scharging the ldor~gagors' iiabitity her~
der or u~:on the d~•bt hereby secu~ed. No sa:e of tt~e F~e~,.!ses ha~eby mvrtgag?d and no forbea~ance en the part of the MORTGAGEE or its successors
or asvgns and no ex'ens~on of the ti~ne io~ tFe payment oi r1-,e debT h~~e~y secured given hy the l.ORTGAGEE or its suctesson or ass~gns, ai~al! operate
ro rcease, d~scharge, mod~fy chang< er affect the eng,nai I~au:i~ty of the N.GRTGAGOR herein, either in whofe or in pa~t.
10. It is speufica:iy agreed that time is of the erer,ce cf th~s cor.tract a~zd that no waiver of any obt~gat~on hereunder or of the obligation se~
c~~:ed hereuy sha'~ at any tir.,e thereafter be he:d to be a wa~~er uf the terms her¢o4 0~ of the instrument secured herby.
11. In add.t!o~ to th~ forego ng ~:~onth'y pay~n^nts of pr~~c pe~ and intrrest required by the pro~n'sscry nac srcu~zd hcreby, mortgagor eovenants
.i agr^es to pay to n:ctg ~gee v.;th ea.h ~aon~h'y ~%ar~_e<<t an add r~onal sum es'-t:atcd b/ mortgagee to be e.~:,ai to t 12 oi ti,e ann~ai cost of the foiiow-
A-Alt .eat p~op^rty taxas 1ef~ed o+ assess_.,l ay n.st th~ ahovz desvi~td real cs!ate.
B- ^rr,•n :u~r.s ;n E~re ar:d windstor~n ;rsv• ce as i,ere~n r~y.,:red to be ca~r•. d cn rtre improveme~ts srt~ate on th: abeve d_x~ibed premises.
C-P~~~miucr.s on wch mortgaoe g~a~anty ~es~ra~.ce ~s mortgagre shail fre:n t me to time deem fit to czrry on the loan secured hereby.
j M.ortg,gee sh~,'' `~em t:me :o t:n,e nct~!T n•e~ty~gor ~n wr;t~ng of the a•~ou~t d,;e and payabie here~ndrr and such su~~ sna~i thereupen be due and
s ,;,able on th> d~e date of ihe nea! month:~ p~;men! a~:d each SVCGCSS!V~! rro<~th thereaf!~r uctil mcrtgagee shall notify rno~+gagor ef a change in such
-~unt. Such sv:ns s~a:i ~e arpiied 'ny mortgag~e toxard the i:ayr,.ent of re,~! proper.y taxee, insttrance prem.ums, a+~d rswt~gage guaranty ensurance
~ . •:mtum3.
s IN i'lITNE~S :rNER"cOF, the said h10R!GAGCR I,as here~nto set h~s ha~.d and scal the day and year first afore a6d.
~ Signed, Sealed and delive~ed in the presencc of:
f~lfll:.h" ~E.:J90zD i (Seal)
~ , ' ~T_LU''. ~ ;~3'11iTY fl~.
~ . l%~ - E c'~ Fv~;~ •'RAS R h A. (S~a~)
~ ' 1 ~lcr+ Gu~' COURI ~ . ~G:~IL"~J
' _ (Seap
~ / tt~.i C'c,~.L a- - - . ~ , ~ _ L nda L . Coopei
~ _ r ~ cSeal)
f: , . -
~ S~:+TE OP iIORIDA t ~ MR(1 1 J V 4O AH' I 1
~ St. LLICle } 2?~`fi{ifj3
~JU!JTY df _ 1
~ Ra 1 h A. Coo er a„~
~ Before me personally appeared Q~__- p
~ _ L1II~ j,. ri00~_I his wiie, to me well known and known to me to be
~ !ne inJ~viduals descr~bed in and who exec~ted the foregoing instrument, and acknowledged before me that they executed the same for the purposes
~ ~~~e.ein expressed. And the said__~n~~r • C~~Z - -
r ~.;fe of the said Ralph A• COOp@Z upon a separate and private
•eminat,on by me taken separate and apart irom her sa~d husband, acknowledged to and before me that she executed sa~d instrument freely and voluo-
-r~ly and waho~t any comp~ision, constraint, apprehem~on, or fear of cr from her said husband.
~ WITNE55 my hand and of(icial seal this__~/~ day '~tarch A. D. 19 74
~ ' ~ . _
~ ~ ~ ' ` ~_~~•~t- ~ _ ° ~ . ~ >
~ . . _
Notary Pubiic in a~d for the ate of F ida at large
~ My Comm~ss~on eap~res: x~_ i, ~
y,'j Return To: ~ - _ _
First Federal Savings 3 Loan Associahon .
Of Fort P..:•~e. " ~
Forr P;..rce, ?!cr.d3
_
' . .
~ i : . ~
- This Instrument Prepared By RObeit A. Sa/isheY~ Ji. :
- First Federal Savings & Loan Association = ° ' - . ' r
of Fort Pierce ~ FlOrida J .
Checked B .,CE 2497 ~ L•. , ~ ~
y :=`:~.?2~ r . ; ~ ~ ~
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