HomeMy WebLinkAbout1556 io pl~ce and coohn;avsly 4cep on t'r~e lw~:d~~.ys now or heroa{ter s;tvate w+ said ~a~d and on ali equip~nent and person~lly covered by Ihis mor~g~ ~
~gs. w~th ~II p~emivm~ ~F~rcon pa~d m fuil, Ine inswe~~ce In the ~s~ei ~~a~dard politY iorm, in • sum •Pao~ed b~ ~he MOR~GAGEE. and w~nds~orm {
~nsuront~ in ~M ueual ~+andard poi.cy fam, in a~um aFproved by tM MORiGAGEE. ~n such ca*+~Y o~ canpa~~es as ~ht MORTGAGEE may
directp and aU firs and winds~orm inswa~ce poliues on ~ny of said kwiid.ny~, ~ny inter~st therein w{»i~ thereol, in tht a99~egaie sum ~faeuid w j',
in ~atess Iher~of, sMll co~~ain ths uswl Nandard ma~gagee clause w such othe~ clau~ as tM Morlyagee may requ~r~. msMinp Ihe lo~~ u~~da sa~d polr •
cies, each uid evay, payab~t ~o said MORTGAGEE ss ~ts int~est ~.uy appa+r, and each and every such poGcY sFall tx prompl~Y +ss 9"zd a^d de~ivered ~o
~ny held by wid JNORTGAGEE as iuriher security to sa~d ~ho~~gage debl, and, no~ ~eu tMn tan (10) days in ~dvance of ih~ expi~at~on of e~ch policy. ~o da .
liv~? to said MORTGAGEE a rc~uwal ~hcreof, toqethtr w;?h a receipt fw the p~emium of such renewal; and ~hare iMll be no f~re a windstor~o in~ur~nce '
plac~d on ~~y of seid buifdinps. ~ny interest therein or part thereof, unless in ~he fo.m and with ~M los~ payable at afwesaid: and in ~he event any ~um .
of mon~y beca+~es p+y+bla u~der such policy w polKies uid MORiGAGEE shall hav~ iM opi~on ro receive and ~pply the sa~ne on accovM o( Ihe A~deb~ed~
neu secwed he+eby w ~o perm~t aa~d MORTGAGORS ro?cce~~e and uu i? a any pa~~ ~hereof fu oihrr purposrs, w~~hout ~h.+.u~ .vai~~n~ or u„pa~r-
in~ any equ~ty, iien a rghl unde~ or by virtus of this mo:rgage; a~d ~n 1ht event sa~d MORiGAGORS ~hall {a any ?eason fail to keep the sa~d premise~ so ~
insured, w fail ro deliver p~ompNy ~ny of said polKies of insurance ~o sa~d lNORTGAGEE, or fail p+omptly to pay fufly any pre~n~um therela a i~ a~Y '
respect fail b pa(am, d~uMrge, e:ecuts, efiect, comp~ete, comp~y wiih s~d abide by this covenant, w any pa~t hercaf, faid MORiGAGfE may pl~ce a~+d
paY fw a~ch insu~ante w any part Ihereof withoul waivi~g or affectinp a~y opl~on, lien, equ~ty. w righl undtr w by virtue of thi~ Matgag~, snd the
full ~mo~nt of each u+d e~rcry wch payment shall be immediately due a~d payable and shatl bear interest irom ths date the~eof vntil paid at ths raee ol
n~ne pa~ centum pe? annum and to~e~hrt with suth ir,terest shaii be secured by the lien of this rrwrtga9!• ^
To permit, commit a suffer no v?aste, irnpairme~t or detrriorat~on of sa~d property w any part thereof.
S. To pay all a~d si~yvlar the costs, charges and expenxs, including a ~easauble attorney i fee +nd costs of abstracts of titls, i+uu?rEd w paid at
any time by sa~d MORTGAGfE, becavx or in the evc~t of the failu~e on tF+e pan of ~he said MORTGAGOR to duly, p~ompUY aod fully periam, dncharge.
execute, eftect, complete, comply w~~h and ab.de by each and every ~he stipulations, egreements, conditions, and covenants of wid pran~sswy note and this
mwtgage ~ny w eithc~, and u~d cosn, cha~ges and expMSes. exh ~nd evcry, shall be immediately due and payabte: whether w no~ there be no~~ce do-
mand, atrempt to tollett w suit pend~ng; ~nd ~he 1u11 artwunt of cach srxl every svch paymenl shall bea? in~erest from the date fhe~eof until paid a1 the
rate of n~ne per centum per an~~um; and all said cosn, charges and expenses ~ncurred or paid. ~ogether w~th such interest, thall be tetured by tAe lien of thi~
matgag~.
b. Thal (a) in Ihe eveM of any breach of this Mw~gage or default on the pa?1 of tFk MORTGAGOR, w(b) in the event sny of sa~d sums of money
herein referred to be no~ pro~nptiy and }ully paid within th:rty (30) days next afcer the same severally become due and payable, withovt demand or notice,
or in the eveM each and every ~he stiputat~ons, a9reenx~?s, co~d~T~au and covenants of sa:d prom~sswy no~e and th~s mortgage any w either are nof
iuly. Promptly and fully pe~lormed. d~xharged, eaecuted. eifected. completed, compl~ed with and abided 5y. then in e~~her w any such evem the said sg
gregate wm mentioned in sa;d promiuory no~e then remaining unpaid, with iNerest acuued, and al~ ma~eys secured hereby, ~hall become due and pay-
abte iwthwith, a thereafter, at ihe opt~on of sa~d MORiGAGEE, as fully ard completely as ii alI of ~he sa~d sums of money we~e org~na~~Y stipulated
to be pa~d on s~th day, anything in sa:d p~an~asory ~ote or in this Mortgage ~o the co~??ary nofwithstand~ng; and thereupon o~ thereafter at the opua++ of
said MORTGAGEE, withovt no?~ce w demand, suit at law w in equity, therefae w therealter begun, may be prosecuted as if all moneys secured hereby
hed matured pnor to iri iMtitutia~.
7. That in the evenl that at ttx beginn~ng of or at any t~me pending any suit upon ~his Mo~tgage, w to ioreclose it. w to refam i~, a to cnforce
paymeM ot any claims hcreunder, uid MORTt'aAGEE shall apply to the Cou~~ hav~n9 jur]sd:crion thereoi fw ~he appointment of a Receivbr, suth Court shatl
forthwith appo~M a receiver of aeid matgagcd propcrty all and singular, inctud~ng aIl and s~~gutar the income, prof~ts, iss~p and rerenues from whate~er
source derived, each and every of whKh, it being expressty understood, is F.ereby mongaged as if spec~iically xt forth and deuribed in the yranting a~d
habe~dum clausas hereoi, and such Receiver shall have all the broad and effective funct~ons and powers in anywise entrusted by a Court to a Recei~er, and
such appointment shall be made by such Cov~t as an adnitted equity a~d a matte~ of atsolute righ~ to said MORTGAGEE, ~nd without refererxe to the
adequacy o~ ~nade4~acy of the value of the properhr mongaged or to ~he so~vency or ~nso:vency oi sa~d MORTGAGOR o~ the defendants, and fhat such
renrs, profita, intane, iuues snd reven~es shall be applied D~e such Receiver accord~ng to the lien or equity of said MORTGAGEE and the pradice of such
Court.
8. To dufy, pron+ptlY snd (ully periorm, dixharge, execute, effect, complete, comply w~th and abide by each and every 1Fx stipulations, 'sgreements,
conditans and covenams in sa~d promi~so:y note and th~s mo~tgage xt fatfi.
9. That in the event the ownership of the mortgaged premises, w any part thereof, becomes vested in a perso~ other than the MORTGAGOR, the
MORTGAGEE, iri succeuors and au~gns, may, without no~~ce to the MORTGAOR. deal with s~ch succcssw w wccessw in interest with reference to this
matgage and tF+e debl hercby secwed in the same manner as w~th TJbrrgagor without in sny way vitiating a dixharging the tAort9agora tiability FKrr
under or upw~ ~he debt hereby secured. Nc sale ol ~he F~emises hereby mo.tgaged and no forbearance on the part of the MORTGAGEE or its successors
or assig~s and no extens~o~ of the time for the payment of the drbr- hereby fecured g~ven by the MORTGAGEE or its successws w assigns, shall operate
to re#eax, d~xharge, mod~fy change w affect the orig~nal liability of the MARTGAGOR herein, either in whole w in part.
10. It is specificalty ag~eed that time is of the esse:+ce of this contract and that no waiver oi any obl~gat~on hereunder or of the obligatan so-
cvred lxreby shall a1 any time toereafter be held to be a waiver of the terms hereof or of the instrument secured he~by.
I1. In add~t:o~ to the fuego:ng monthly paym~nfs of princ'pal and interest required by the promfssory no!e secured hereby, mortgagar covenants
ar.d ag~ees ~o pay to mortgagee vvith each month!y Fa~r~:ent an add.nonal svm est:n~ated by mortgagee to be equal to lj 12 of the annual tost of the follow-
~ng:
A-All real Froperty taxzs leveed or assessed ag3inst the above desc~ibed real estate_
B-Prem~ums or+ fire and wind:to+m ~r:s~rar.ce as here~n requ~red to be ca: r~ed on the improvemeats situate on the above described premises.
C-Premiums on such mortgage gunranty insurance as mo:tyagee shall from :,me to time deem fit to carry on the ba~ secured hereby.
Morrgagee stiafl from time to t~r.tie notify mortyago+ in writ:ng of the a:r.ount dve and payable hereundrr and such sum sha{I thereupon be d~e and
i ~ayab:e on the dve date oi the ne:t month:Y peYment and each success~ve month thereafter ur.Gl mortgagee shall notify mortgagor of a change in such
~ aT.ouni. Such sums sF.a:1 be applied by mortgagee toward the payment of real property taxes, insurance p~em:ums, and mortgage guaranty irtsurance
~ p+emiums. y
~ 1!J tY1TNE5S YJHFREOF, the said MORTGAGOR has he~eunto xt his hand and seal the day and yea! first afwewid_
Signed, Sealed and deiivered in the presence of_ ~J
i `
a~
.E
~ ~ ~ Ce~ G • ~
' - s~en
_ s~n
.
~ STATE OF FLORIDA )
St. Lucie j ~
COUNTY OF
~ Before me personally appeared Roland Vaillant and Ruth Vaillant, his wife ,,,,d
Chsrlea A. McCorts and Jacolyn L. MCCO=t5 hK W;{e, to me well known and known to me to be
the irxf~viduals dexnbed in and who executed the foregoing,instrument, and acknow,ledged befwe me ttwy th~ e:ecuted he same w t pu
~herein ~x~.~~d. n.,a t~ ~th Vaillant ~?ife of the said Roland Vaill~nt an~ Jaco~i .~orts
,Nife of the said ~=leS A• MeCorts ~pon a sepsrate a~d private
exam~naYron by me taken separate and apart (rom her said husband, adcnowledged to and before me that she executed said instrumeM freely and voluo-
rarily and w~thout any compulsio~, co~+straint, apprefiensron, w fear of w from her said F~usband.
~ WiTNESS my hand and official seal this_ 27th dar .Y2~ rch A. D. 19~4
~k_ ~ ! t ? ~ E% _
" Notary Public in snd~for t tate of F ids at lsrgs
~ i~ ~ My Commiuion exp+res: emb Y 29 ~ 197$
Retum To:
~ Fint Federal Savings 6 Loan Association
Of Fort P:e:ce_
~ Fo~t Pierce, Fbrida ~ :.t ^ ~;:~~E~ , • . ~ ~ "
Ft~ECytt' yrr Fl~.
~ ST.I'u _ - - -a~5 ~ • _
- Cl ~n^ j - ; C^URT ~ ; : ~i-, ~ ~ .
John W. Collins qf~^t.:. . , ' _ . -
~ • '
This Instrument Prepared By - - ' ` ' r ~ :
- First Federal Savings 8 Loan Association ( ~ ~5 aM ~~,1 " .i ; ~ ` . : : _
of Fort Pierce , ~lorida A~R ~ ~ ~ r
F~
_ vs.'••., ! .
" '7: , F: ~ .
Checked By `Z''7~' ~
..i~..
_ ~0~225 ~1~54
_ _ ~ ~
~ 3,~ ~.F; ~ - _ ~
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