HomeMy WebLinkAbout0499 3. Te ptace a~~d cont~n~ovsly keep on ti~e bu~ J. ,_~s no.v or i r~eaiter e+~uoie on s.,~d Iand ar.d un aC rq~~p~~+rnt and pe~sona'iy tolc~~•d bY ~y~s n~ar~g-
~ge, wuh ell prem:~~ni the~eon pa~d m tuil, tur insw~~.ce m ~hr ~w~~ soo~~~+~d No'rcY for~n, in a wm a~.pro.~d by il~a ltUR1G:.GEE. e~,d w~~~ds~oim
insurance in the usual s~andard poLcy fo~~n, in a ev~n a~.p~o~od b/ ihz h\OkiGnGEE, in such caupany or cu~~~pan;es as ~he MURfGAGEE may
direcl; and all iire and w~nJstorm itii~~unca pol~ues on any of sa~d b~~~d~ngs, any imereat the~r~~i o~ parl th~reof, in ~he agy~<9ete w~~ aioresaid or
in excess thrreof, shafl :unio;n the usval sta~.d~rd morig3yae clavse o~ wch o~he~ c~euse aa the Mwtgeyee ~~ey ~eqo.re. ma?u~g thr wss unJrr so~d poli-
cies, each and uvrry, pa,~ab"•e ~o eerd h10RiGAGEE as ~u ~ni.•r~st ~nay appear, and each end e~e~y wch po!~cY shail br prorr,pfty aaa g~~rd a~•d deiivcr~-d ~o
•oy held b~ sa~d t.tpRiGAGiE as (ur~he~ s~cv~ity ~o sald nwr~~eye deb~. a~+d, no~ fass than ten t:0) days in aJ.ance o1 ~he eap~~et~on of each policy, to da-
liver to sa~d MJRTGAGEE a renawat thcrco(, togethe~ w~!h a rece;pt for the p<<~nium of such reurNSl; and rhrre shell no t~~a c~ w~~~ds~o~~^ ins~rance
plated on a~y of said bu::d~ngs, any inrerest lhere~n w par~ therrof, un'ru in ihe (orm and w~th the ioss payable as afcresaid; and in the evenl any sum
of money brco~ae~ payabfe unJct wch pol~cy or Fo~~cies s.+iJ M,ORTGAGEE skall have ~he opt~on to ~rc~~~e and apNly the same on a:count of the i~~dcb~rd•
ness secured F+arcby or to permit s~~d MURTGAGORS to recenr and use rt or an~ part th~•r~of lor ornrr Hur~,osrs, v:.~~~~:,` th:r• u~ n•.:;.• ~7 „'~:>u~''
ing any equ+ty, lie~ or righ~ under or by vir~ue of th~s ~rc:~yage; and in ihe event sa~d MO~TGAGOkS sh.~ll for any rcason fo~l to k~ep ~he sa~d p~rmis~•s so
insu~ed, or (ail Io del~vet prumptly any of s~id pol~cies oi insurance to said A~OP.TfAGEE, or la~i promptly to pay fu~ty any p~r~n~u:» thrretur or in a~y
respect fail Io perfwm, d~scharge, execure, elieu, comptr~~, co:nNly wi~h and abide by this toven,~nt, ot any pert ha~eof, sa~d MORTGAGEE may plac~ a~~d
pay fw s~<h inwrance or any part thercaf w~~houl waiving or affeUing any opt+on, lieo, equ~ty, o~ n~h~ ~nJe~ ar by v~rwe of ihis Mo~tgage, and the
ivll amoun~ ol each and e~ery wc~ paymcM shal~ be un~ns~l~ateiy d~e and pay~b~e and shall bear inte~est irom tho dare the~roi unul pa~d at the rate o1
nine per centum per annum and to:~ett:cr aith such ~ntr:rie shai~ Le s.~cur~~d by the I~en o( thii mo~tga9e.
4. To pera~it, commit or su(fer no waste, impairrr.ont or deterioration of sc~d property w any pa~1 thereof.
5. To pay all and singular the coats, chaiges and rxpenaes, ~n[iud~ng a reasonable attornry's ~ee and cosu of abatracts of tit~e, iniurred or paid a~
any ti•r:,: by s~~d MORiGAG:E, beteuse w m the event of tne fa~iure on the pa~t ot the said MORTGAGOR to duly, pionptly and (u~ly perform, d~sch3rqe.
execure, efirct, co~„plete, co~nply w.th and ab.de by each ar.d rvery the st~pu(af~ons, ag~eements, condinons, and covenants oi sa~d p~o~~~~~so.y note a~~d ~h~i
mo~tgage any or enher, and said tosta, charges and expenses, each and every, shall Fx immed~atety due and paya6ie; whr~her p not thrre be no~~ce Jr
mand, attcmpt to to!:ect or wi1 pend~ng; and the lul: amounl oi each and erery svch payn~nt shall bea~ in!erest from the date fhe~eo~ until paid al th!
rate u~ n:rie per c~•nt;,m Nar annu:»; ei~~ ~i1 sa~d costs, uwrgas or~d et~~en~et incurred o~ paid, together w~th wch ~merest, sh.~il be setured by the lien of this
mo~tgaga. ~
b. That (a) in the eveM of any breacF~ of this Mortgage or defa~!t on th> p~~t of the k.OFTGAGOR, o+ (b) in the event any of sa;d sums of money
herein referred to bc not pranp!ly ar.d lutly paid wi+h~n th~rry l301 deys next a!tcr the s~~ne severa'ty beco»ie due and payeLle, wit}~out dt~~~and o~ notice,
or (c) in tha event each artd evrry the stipu.at~o~~s, agreements, c~ndn:o~ts and covcnants of sa.d promisso~y note and th;s mor~gage any or e~ther are no1
july, ptOmptly and fu~~y pe~fornied, d:sctwrged. e~ec~t,.d, eftected, canp,etrd, canpf~ed with ar.d a6~ded 5y, ~hen in e~ther w any such eve~t the said ag-
g~egate sum men~~oned in said proruissory note th~+n ~e~.aimng unpaid, with intere;t actrued, and atl mOneyS seturrd hereby, shall become due and pay
atle forth.vith, or fhereatter, at the opt~on of sa.d MOR1Gi.GiE, as fulfy a~xJ comp?etely as if ail of the sa~d wms of money were ong~natfy shpu:ated
ro be pa d on s~th d~~, anything m sa:d p+oa,:ssory notr o~ in this Mortga~r to the co~vrary nutw~thstand:ng; and thrreupo~ w lhcreaNer at Ihe opuon of
sa~d A10RTGAGEE, wifr,oc? not~ce or de+nand, suit at law o~ in equrty, therefore or Ihereaher begun, may be proxcuted as if all moneys secured hereby
Ajd matured pnor to ~~S ~ns~it~non.
7. That in the event that at thr beginn:n9 of o~ at any ti~ne pend~~;g any suit u~on ti~is titortgage, or to foreclc+se it, o? tn reiorm it, or to enforce
paymeM of any cfa,;ns he~eucder, said MORTGAGEE shai: apply to the ~ovrt havi,:g ~~r~sd~ct~on thereot (or the appo~ntment of a Rete:ver, such Co~rt shafl
Fcrthwith aapo~m a rece~ver oF s~id mortgaged prop~rty ai{ and sing~iar, includ,ng ait ar.d s~ngviar ~he ~ncome, prof~ts, issues and reve~ues from whatever
wurce derired. each and e~ery of which, i~ be~ng expn•ss•y unders~ood, is hereby n:o+rgagc~d as it spec,fically set forth and dexribed in the g~annng and
habendvm c'a~srs he2of, and such Receivcr shali have ail tn~ broad and effE<t;ve f~nc~.un and powers in anyw~se emrusted by a Cou+1 t0 a Receiver, and
s,ch appo~ntme~v shah be made by svch Court as an ad:•~ittrd equity arxi a matter of abso;ute nght to said MORiGAGEE, a~d without reference to the
adey~~~cy er inadeq~acy ot the va:ur of the prope~ty mo.~geged or to ti~e so.vrncy o~ ~n:c:+ency o( said MORIGAGOR or the defendants, and th_t such
rents, p:orits, incornc, issues and revenues shait be app~~ed 'oy such Receiver aaord~~~9 te the Gen or eq~ity of said MORTGAGEE ar.d the p~actice of wch
Court.
8_ To d~'.y, promp!!y and fully perfo.m, d:scharge, execute, effect, com,pEete, compt~ with and ab~de by each and every the stipu~arions, agreements,
cond~::ons and co~enar~rs ~n sa,d pro:*~;ssory nc.e and ~n,s r.:~rtgage s~t forth.
9. Thal in the event the ov.nersh~p of the mortgaocd pren,~ses, or a,,y part thereof, becomrs vested in a pe~wn other than the MORTGAGOR, the
t10RTGAGFE, i!s s~ccess~~s a~.d ass~~ns, may, w;thout r.c~~ce to the AtiOR1GA(JR, dra~ w~th such successo~ or successor in imerest w~th re{erence to this
mortgage and rhe d_bt herrby secured in ~he sa~ne n.a:,n~r as w~th N.orrgago. wnhout in any way vi+=ating or d:scharg~ng the Morrgagors' liability here-
under or upon tha debt hereby secwed. No sa:e of the Fren,~ses h~~reby mortgagzd and r.o forbearance on the part of the N10RTGAGEE o~ its successors
u ass~gns and no exrension af the time for thr paymeni of the debs h~~eby secured grven oy the MORiGAvEE or its wccessors or ass:gns, a~~all operate
ro re~ease, d~scharge, ~nod~4y change or affect the or~g~nal I;ab:;.ry of the h10RiGAGOR herein, e~iher in whole or in part.
10. It is speuficaUy agreed fhat time is of the essence of th~s conrract and tha~ no waiver of any obllgat~on hereunder or of the obligation se-
cured hereby shal: at any time thereaher be he'd to be a v~a~.cr of the terms hereof w of the instr~ment secu.ed herby.
t l. In e;ld t~oa to the iorego ng n,on`h.`y ~,aym:~nts of prin~ ~a! and rest requ~red by the prom:ssery no!e secvred hereb~, morigagor eovenants
and ag~ees to pay to m.o:tgagee w~th each monrF~ y p3~:,~ent an edd~tiCnal sum EsT;~:a~ed by mo:tga9ee to be equal fo 1: 12 of the annual cost of the fofiow-
ing:
A-AI{ reai Frope~ty taxes ~eviec' or assess~_d ag si ~st thc aho,e describcd real estate.
B- Pra~~-'vms on fire ar.d w~nds~orm ir.surarce a> hercin requ.red to b~ ca•r~_d en tne :mprov~ments s~tvate on th~ anove described premises.
C-Pre~cw~* s on svch rr.ortgt:qe guarar.ty ir.svrsr ce es mo•tgagee sha~l fr~ r'me to time deem fit to earry on the loan securcd hereby.
tilortgagee sha`! frcm t~me To tm:e nc!~i: mcrty~ger in •~rit~ng of the a:rovnt dve and payabte hereund?r and such sum shail thereupon be due and
; ~ayable on +}k d.:e c~,r.~ of ihe n~xt monfh:; p3yn,,ni and e:~.fi succrsv.•e mo*vh rhereaffe. ur,til mortgagee shatl notNy mo~sgagor of a change in such
a•no~~t. $uch s..ms sta•I ;:e ~;:F~+~~ ~'i f^fl~tyz~.~e to:~~rd ~he {,ayment of :ea~ properry taxes, insura.ue prem:ums, a~~d mortgage guaranty ~nsurance
p~emi~ms.
IN \'fITiJESS ::HER~OF, the sa~d h50RiGt+GOR has hereu~to se! his har:d and seai the day and year first aforesaid.
i ned, Seated and deiivered in the presence of:
s ~ C~'t.t.~Zl~ ~"~u~Y~ ~1=~/1LL[._ (Sea4
- ~ - t=• Naomi Jun Gaunce, a single a~y~~t
-C _
(Seaq
~~~--s ~ AJ/ (Seal)
$TATE Of iLCR(DA ! ~
} S5.
COU:VTY Of _ St. LuCl@ _ _ ~
Befo~e me personalty aP~a.ed Naomi June CidLl11C@~ a single adult _ an~-
i~i~ wifer to me we11 known and k~ovm to me to be
the individual descr~'t=-r! in and who exec~ted th~ foregoing instrument, and acknowiedged before me thatStl@ executed the same for the purposes
therein expressed. RfRrA1s Said~-_ -
wifi ~~1i~~ wi+d - uP~"~Porere-e~rd'prF~ate~ _
~+nwr~eri~w br w~s ~w ~a~»Mt~ ~wd.ap~r? V~rt? her ~ai~i ir~6aod~. a~nc~rlodg~Lto~orL h~~ibai ihe.~setLtetLiiid ~9i~li S~E~.~Ki~T~ Y4JiiP~
~a~ily~an~ ~rwhoetvwr eow,rebiow ~aaai~r~.e~M~t~,~ ~r i~ar~oi ~r. ir~4ei. ~idh?sbawd.
SNITNE55 my hand and ofE~c~ai seal th~s_ ?lSt day of MaYCt1 A D. 19-24
~J~-~-.e~--~-~- ~ ~~~e~'
Noeary Pubt~c in and ior the S~a e of flor~da at Large
My Commasion expires:
Ret~rn To:
first Federal Savin~s S Loan Asseciat~on ~ •
' pt Fo•r P.,o, ~/t tlry !1°r~ry ~u66t. !~M ef Mrids et ts~
For: P~-:r[e. Florid+ `tLJ ~ M~ C,~+~+;u~on b~rr.. Oet. ~0, 197~ ~~,:c~~:it:~i~~
~.e?~~ by Am.~iCO~ f~~ a ea.valh C~.
~
; a . ' i
This Instrument Prepared ByJ. H. Roberts, JY. fllt "L~ROE~ ~J r~ 1~ ' `l'~
First Federal Savings & loan Association ST.ltiC1~ :0',1~TY Fl . r. "
ac~-~ ~ ; ?~TRAS
of Fort Pierc ~ Florida ClE?' <T~ ~~URT _
oc r, ~ '^l . ' ` .
Chetked By Y~- r, . .
MaR L2 10 3~ AM'7 ~1 _ - ' _ - . -
a p 225 498 ~ ~ ~.j,:~,.. . .
600N
~ a,_
- - - - - - - ~ -
~ v: _ - ~ . } .
_ . . =
. r,~~~,. ~ y ~ , .
;
~.E;~ ,
- ~