HomeMy WebLinkAbout0979 To ptacr anJ coro~nuousiy kerp on tnr i,u~.u.~:~e nu+v or i~c(ro~tzt s~w~te :,n s~~d :and ar:d on o~~ :•q_~~p~~~r~~t snd pnraonally co.ervd by this mo~~g•
egs. wilh all pren~~us~f Ihrrco~ pa J in lull, }~+c iasw~~~:~ ~~~a usual aiand,~d ~~~ty fotm, in a S~~» aHN~uveJ by Ihe MOR~iaAGEE, and windstoim
insurancr in the usual swnJerd po~.cy fenn, in a sum o~.~~ro.nd ~y ihe AIURTGAGEE, in such company er co~npamcs at ~he MORiGAGEE msy
direct; and all tire and w~nda~orm insu~anta poliaas on any o( sa~d bu~:d•n9=, any inie~ast therein or part thureaf, in the agyr~~ga~e sum ~foresaid o~
in extess thereof, s~a~l contain tha usuat stanJa~d n:o+ty~gae d~use w su;h other clause as Ihe Mortyayee ~~ey reyu~ra, ma?ing ~ha ~oss unJr~ so~d polh
cies, each and every, payab:e to sa~d h1JFTGAGEE as ~~~wr.~s~ ~~~.~v dP~~~. and each end e.ery such pc:+cy sl~ali k3e prompUy a~s y~~od a~+d drlivercd ~o
eny held by se~d h10RiGAGEE as furthe~ sccw~ty to sa~d ntio~~yaga debt, and, no~ ~efs thao ten l:0? days in adv.~~~ce o1 the eapiral~on of eech poGCy, to de-
liver to sa~d MORTGAGEE a renewal thercof, toye~her wi~h a rece~pt ior the prr~»wm of such renrwal; and ~he~e sha.~ be ~w f,re o~ w~ndslorm ins~rance
plated on any o1 said bui!d,ngs, any iro~rest there+n w pa~t the~eoF, unlcas in the fo~m and with ihe Ioss payaole as aFcresa~d; and ~n the evenl any sum
of money becanes payable under such policy o~ pol,c~es sa~d MORiGAGEE shall have ~he opt~on to ~2C~~VN ond a~ply the same on acco~nr of the indrbted-
ness secured ha~eby or ro permit said MOR7GAGOkS ?o rcceive and use it or any pa~t ~heceo} tar o:n~•r HurF c~.-s, .r~tr;~~t th~•. wai.L~~ o~ ~~~'P~~~'
ing any equily, Gen o~ ~~yht under w by virtue of thia mo:tgaye; and in Ihe evem sad MORTGAGORS shail for any reason iail to keep the said premis_s so
~nsured, or fail to delive~ prompNy a~y o( said poGcies of inaurance to sa:d MORTGAGEE, or faii p:on~p!ly to pay fully any p~emwm therefor or in a~y
respect lail to perform, ditcharge, earcutr, eilecl, tomp~rte, to~nply wirh and ab~de by this covenant, w any Fart hareoi, said MORT:~AGEE may plsce a~d
pay fw such inwrance or any part the~eof w~~heut waiving w at(ec~in9 any oEtion, lien, equ~ty, or right under or by wrtue of ~his Mo~tgage, and thc
lu~~ arnounl of each and eve~y such payment shall be imtne~iataly due and payable and shall bzar inierest from ~ha date thereof uniit paid at the rate ol
:tinN pet CeMUm pet annu~n and to~~thcr v.ith iuth intcr~st shati Lu x`cured by the 1~en of Ihis mo~tyege. ~
4. To permit, commit or suffer no wasta, impairment or dcterioration of said prope~ly or any part thereof. ~
S. io pay all and singuta? the costs, charges and e+prnses, including a ~easonab!e attorney's fee and costs of abstraUS of title, incurred or pa~d at .
any ti~r.e by aaid MORTGAG:E, because w in the event of tlx todure on the pan of the said MORiGAGOR to duty, prar.piiy and fufly perlorm, d~xharge, ~
zxecute, ef(ecl, cwnplete. complY w~th and ab.de by ea:h and every the st~pvlet~ons, agree~~ents, co~d~<<ons, and covenaNS o1 sa~d pranissory note ar.d thie
mortgage any or either, and sa:d coits, cha~ges and expensrs, each and every, shall be immed~ately due and payab!e; whe~her w no~ there be notice de
mand, attempt ro coi~ect or suit pend~ng; and the tull amaunl of each and every such payment shall bea~ interes~ lrom the date the~eot ontil paid at the ;
~are of n~ne µer centum ~r annu~n; and all said wsts, charges and ex;,rnses intwrcd w paid, ~oge~her w~~h such ~nterest, shall be sec~red by the lien of this S
mOttgage. ~
6. Tha1 (a) in thr event of any breach of this Alortgage or defaul? on ~he part of the MORTGAGOR, or ;b) in the eve~1 any of sa;d sums of money ~
herein referred to be not promptly and fully paid wiihin tti~~ty ~3~) days next after ~he sa~ne sevc~a'iy become due and payable, wi~hout dernand o~ notite,
or (c) in the evem each and every the stipuiauau, agreemeiets, cond~Nons a~xl covenams of sa.d pro~~~isw~y note and th;s nwrtgage any w either are no1 }
~~ly, p~ompdy and futly per(ormed, d~scharg~~d, exrcured, effected, canpieted, compi~ed with and ab~ded Sy, then i~ e~ther or any such event the said ag
gregate sum mentioned in said prom~sswy note tF+en remaining unpaid, with int~resl accrued, and all moneys setured he~eby, shall bctume dve and pay ~
able forthwith, or thereafter, at the oprion of said MOit1GAGEE, as fuily- ard completely as i( all of ~he said sums of money were o.~g~~atly stlpulated j
to be pa~d on such dcy, anyth~ng in sa:d p~em;ssory nate or in this Mortgage to the conlrary nu:.vithstanding; and there~pon w thereafter at the option of ~
sa~d MORTGAGEE, w~thout nonce or demand, auit at law or in equ~q, therefore w thereai~er begun, ma/ be prosecuted as if all moneys secured hereby f
~
n.:d matured pr:or fo ~ts inst~t~tion. .
7. That in the event that at the Eeyinn~ng of or at any time pertd~ng a~y su~t upon this Mortgage, w to (oreclose it, or fo retorm it, o? to enforce
p~yment o+ any tl3ims hereunder. saici ~dORTGAGEE shaii appty to fhe Court having juried,c~~on thereof for the appo~ntment of a Receiver, such Court shall
fo:thwith appo~nt a receiver of said mor~gaged proprrty a11 and s~ngular, i~c;ud~ng ail and su~gular the irtcome, p~o(its, issues and revenues from whatever
sc~~rce derived, each and e~ery oi wh~ch, it be~ng express!y unde~s~ood, is herri.y morigaged as if speuficallj set (o~th and destribed in the g~anting and
habendum dauses hereof, and wch Recei~er shali have al~ ~he br;,ad and effect~ve funa.ons and pnwers in anyw~se entrusted by a Court to ~ Recerver, and
s..ch appoin~ment shall be made by such Cour! as an ad~~itecd eqviiy and a maner of absolute r.gh~ to satd• MORTGAGEb, and w~tFwul reference to the `
adrquscy or inadeq~aty of ~he value of the property mortgaged or to the so:vency or inso~~ency of sa~d MORiGAGOR cx the defendants, and that such - !
n=~rs, profits, incorree, +saues and revenues shali be apaiird by such Recriver accord.ng to the tien or equity of said MURTGAGEE and the practice of such
CouA. •
8_ To duty, promptly and fully perform, d~scharge, ezecutr, effect, complete, coR~ply with and abide by each and every the stipufations, agree~nents,
conditions and covenants in said p+om~ssoty note and this mortg3ge sei forth.
9. That in the event the ownership o! the moregaged prem~ses, or any part tnereof, 6ccomes vested in a person other than the MORTGAGOR, the
:'.ORTGAGEE, ib wccessors ar.d ass~gns, may, wahout notice to ~he 1'hORTGAOR, deal with wch successor o~ succrssw in interes~ wirh reference to this
~~or~gage and she debt ~ereby secured in the same manne~ as with Morlya3or w~thout in any way vit[aung o~ d~scharglrg the Morrgogors' liability here-
~nder or upon the debt nereby sec~red. Na saie of the prem:se: fiereby mo~tgaged acd no lorbearance on the pari of the IdORTGAGEE or its successors ~
er assig~s and no exrens~on ot the time for thr payment ot ti,e debt hcreLy secwed given by the MORTGAGEE or its wccessors or ass:gna, ahall operate
rc re~ease, d:scharge, mod~fy change w afiect the original liai~:(~Sy of ~he h10RiGAGOR I~erein, erthe~ ~n whole or in part.
10. h is spAvE~catly agreed that teme is of the essence of this contrac? and that no waiver of any obl~gation hereunder w of the obligatio~ se- _
cvred htraby shaU at any time ~hereaEter be he~d to 6e a weiver of the terms hereof or of the instrumeN secured herby.
11. In a:ld.t;o~ to the forego"ng mor.th!y paym~:ics of fr.i:, pa! and intcr~st required by the prom[sscry no?e secured hereby, mortgagar tovenanfs -
+nd agrres to pay to mo-~gagee wnh each ~ro~srh`~ pai~~ent an a.!d~~~o~a~ wm rs'~~~:ated by rt~ortgagee to 1~e equal to 1.'12 of the an:wal cost of the follow-
ng:
A-All real prope~fy taxes lev„rd or ass^ssed a~~i•is! the aho+e desai~:cd re~al esrare.
B-Prer.;~u=r.s on f~re and wirclitonn ms~rar.ce as i~e:ein icqu:red to be canicd on the imp~or•ements s:tuate on the above d:stribed premisei.
C-Prrm~urra on such mortgage guaranty mwra.~ce as mortg.+gee sha;l frar. t•me ro ti~re deem fit to carry on the loa~ secured hereby.
Mortgagee sh,!1 ~rom time to tin:e nci~fy mcrtg~ger in writing of the a:novm due and payabte hereundrr and such s~m shall thereupon be due snd
,~~able on thr due date of the next mo:~tn:~ payment and each s.~ccessive mo~th ~hereaher u~~tit mortgagee shall notify mortgagor af a change in such
ouni. Such sums ;ha'I :.e app'ied 'oy mertgag•.e toaard the payment of real preper~y taxes, insurance prem:ums, and mortgage guaranty irsurante
I ~ re:niums.
~ IN Y11iNE5S YrHEREOF, the satd MORTGi.GQR has hereunto zet his har.d and seaf the d y a year first aforesaid.
t Signed, $caied aro drlive d in the presence of:
€ ~ an
L' C L QS H• BIVtt011 (Seaq
~ ~ . ~iri1 . s.~t~ %~S .~~tC _~-sL~ {Sea~ :
- - Martha L. lanton '
~ (Seaq ~
- ~
~
ST:,TE OF FLORIDA ~ -
u.
c~u;~rr oF St Lucie I
James H. Blanton and
Before me personally appeared
Maztha L• BZdJItOfl his wife, !o me well known and known to me to be ~
~h_ indiridua~s desuibed in and who executed the foregoing instrument, and acknowledged before me that they exxuted the same for the purposes !
rherein eapressed. And the sa~d _ ~Ytha' L• Bl `YttOn ~
+:~1e of the sa~d - JdldeS H• BlalltOfl ` upo~ a separate and private ~
e.aminar;on by me taken separate and apart from her sa~d husband, acknowtedged to and be`ore me that she executed said instrument freely and volurr e
~•+:y and w~thout any compuls~on, constraint, appr ens~on/, or fear of w from her uid husband. ~
WIiNE55 my hand and ofiic~al seal this----~~/~ da f ~YCtl _ A. D. 19 74
~ ~ _ .l ' .ll
~ Notary Publit in and ~or t tate of rida at Large
My Comm~ssion eapires:
~ / ,
Return To: ~
';~u ~ k~': n~~C '"~~f-/7~j ,
~ Fint Federal Savings a laan Rssodat~on ~j~~~-~; •,~~~Y f~A. ~
Of Fort Pcrc?. F3~. ^i :•FRRS . _ .
Fort Pie*cc, F1oriJa ~`E. ~ ~1; f.~UR i ~ ~ 1,, ti,
~ ~ r r , ; j : . , . ,
~ ,~ut ~6 Il s~ PN'~?I = ~ ~ ~ ~ ~ .
rs This Instrument Prepared By J. H. Raberts, . :
First Federal Savings & loan Association „
of Fort Pierce , Rlor ida 33450 . - ~
, ~ ~,y
Checked By .A7~---- , ` . : : . '
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