HomeMy WebLinkAbout2818 i
3. To plx~ and com~nuously keep a+ the bulldings now a hereaf~~r iituat~ on sa~d land and on ell equ~pment and perton~lly cov~red by this mortp-
pt, with all p~emiumf Ihtreon pa~d in tull, lire in3u~ance io Ihe usual iia+dard po~~cy (0rm, In • tum app~oved by th0 MORIGAGEE, ~nd wi~dstwm
inswM+ct i~ tM vswl sundard pol+cy fam, in • ium ~pprov~d by tM MORTGAGEE, i~ tuch camp+nY w ca^P+^~e~ +i tM MORiGAGEE may
direc~J ~nd all fir~ a~+d w~nd~ror~* insuranu potic'wi on any of ++~d build~r?ps. any interos~ th~rein or part thereof. i~ tM aggreya~~ ium ~fwesaid a~
ro
in ~acwf Ihereo/, sMll contain IM u~vsl ~I~ntlard mor~ga~ee cl~use o< <uch otha c!au~t as IM Mo~tyspee may reqvir~. makinp the lou unde~ sa~ po F•
ci~s. each ~nd ~very. paYSbls ro iaid MORTGAGEE a~ iu i~terest may ~ppear, and each u~d evay tucA poiicy ihall be promptly ~ss.9ned ~~d de~~vered ro ;
•ny held by sa~d MORTGAGEE a~ funMr ieturity ~o said mortyago dcbt, and ~+o~ leu ~M~ tsn l10) days in advance of the expirat~o~ of esch policy, to dr i
ec
livK to uid MORTGAGEE ~ rei?ew~l thereof, toqethsr with ~ ~eteipt fw tM p«mium of such ~enewals and ~hen thall be no f~re or winds~o~m insu~+~+c~
pl~ced on a~y of seid b~ildings, any intere~l therain or part thersof, vnles~ ie? tM~form ~nd with th~ lou pay~ble af atoresaid: and in ths event any tum ~
of mw+~y becomes pay+We unds~ such policy a policiss s+~d MORTGAGEE shall lHVe ~he option ~o receive and ~pply the same o~ account of ~M i~?debted- ~
n~ss stcured herQby w q permit faid MORTGAGORS to receiw and w~ i~ w any parl thereof fw mhcr purposes, wi~hout th:rcb~ wai~ing o. m~pair•
inp any equ~ty, lien a tight u~der or by virtus of this mortq~e; ~~d in tM ~ven1 said MORTGAGORS thatl for any reason faU to keep ~he s+id Premiszs so . ~
inwred, w fall to deliver promptty any of said policies ol insuranc~ to said MORTGAGEE, ot fail promptly to pay 1u~ly ~nY Pre~nium therefor or in a~y ~
re~ped fail ro perlwm, d~uharge, execute, effect, complete, comply with and abide by this covenant, o~ anY part hereof, said MORTGAGEE may pixe e~d
paY fw suth insu~ance w ~ny put thereof wilhout w~ivinp a~fiedinq any option, lian, equity, or righl under or by virtw of Ihis Morlgage. and the
full amou~t of each and every iuch payment shall be immediately dw +nd p+yabls and ihall bear lnterest from tM date thercwf u~til paid at the rata ol
n~ne per cent~m per annum arx! logether with such interest shaN be secured by the lien of thif mafya9e.
1. To permit, comn.it w wffar no waste, impairment w deteraration of ~aid property or a~y part thereof•
S. To pay all and sinputar the costs, char9es and expenxs, including e reasonabk ~ttor~ey't fes and costs of abstrads of title. incu~red or paid st
any time by said MORTGAGEE, because w in the went of ~he (ailurs on ti?s part of IM said MORTGAGOR to duly, promptlY snd fully perfam, d~xharge, t
execWS, etfetl, complete, comp~y w~th and abide by each and every the itipularions, agrceioe~ts, ca~ditiau. and covenants of said promissory note and ~his ~
matgsye ~~y or ei~her. and sax! costs, cha~ges and expenses, each and every. sMll be immedutely due and paYable: whether w not there be r+otice de i
mand, attempt fo colkct or tuit pend~ng; aod the full amovnt of eacb ~nd erery wch paYmeM sha~~ 6ea? imerest from the date thereof wuil paid ~t the ;
rate o1 nine per centum pe~ an~wm; and all said costs, charges and expenxs inturred or paid, together with iuth iNerest, ihall be secured by tl+~ IiM of this ;
mortp~. i
6. Tha1 ta) in the event of a~y breach of this Matgage o? defauh on the part of the MORTGAGOR, w(b) in 1he event ~ny ot sa~d sums of money t
herei~ referred to be not promptly and fully paid within thirty (30) d+YS neat after the same severslty become due and p~yable, wilhout demand o? notite. f
or in tl+e evem each and every the stipulations, agreements, cond~tioru ~nd covensr~ts of u~d promiuory note and th~s mwtqa~e any or either ~re not 4
iuly. promprly and fully performed. d~xharged. execu~ed, effected. completed. complied wi~h and abided by, then in either w any s~ch event 1F+e said a¢ t
gregate sum mentioned in said promissory note then remsining unpaid, with interest acuued, and all mo~eyf tetured hereby, shall betome dw and pay~
ab~e forthwith, p therealter, at the option of uid MORTGAGEE, ss ivlly and complately as if sll of the sa~d svms of money were wginally st~pufated
to be pa~d on such day, anything-in uid prom~ssory ~ote or in this Matgage to the contrary notwithstsnding; and there~pon o~ tF+e~eafter at the op~~on of
said MORTGAGEE, without no+ice or demand, suit at iaw w in equity, tlxrefore or lheteaher begu~, may be lxosec~ted as if all moneys setured hereby
nad matured p~ror to its institution. ~
7. That in the evenf that at the beyinning of or at any time pending ~nY wit upon this Mortgege, or to fweclose it, w ro refwm it, or to enforos .
payment of any claims hereunde+, said MORTGAGEE shalt apply to the CouN having iwisdiction thereof fw the sppamment ef • Receiver, such Gou?1 ahall ,
Forthwith appo~nt a receiver of said mortgaged properlY all and singular, irxlvd~ng all and singuiar the irtcome. P+ofits, issues and ~evenucs from whatever
wvrce derived, cath and every of which, it being expressFy understood, is hereby mortgaged u if specific~lly xt fwth and destribed i~ 1he granting and
habendum clavses hereo(, and such Receiver shall have all the broad and effective funcnons and powers in anywise entrusted by a Court to a Receiver, and :
:~ch appoinrment shatl be made by wch Court ss an admitted equity and a matte? of absolute right to ssid MORTGAGEE, snd without reference to the ~
adequacy w inadequacy of ~he wlue of the property mor~ga9ed w to the soWency or ~nsolvency of said AM1ORiGAGOR or the defendann, and that such ~
rr~ts, protits, intome, iuues and revenues ahall be applied by such Reteivtr according to the lien or equity of said MORTGAGEE and the prxtice of such ~
Court. -
8. To duly, Rromptly and fully perfwm, d~scharge, execute, effect, complete, comply with and sbide by each and every the stiaulations, agreements, ~
conditans and covenants in u~d promissory note and this mortgage set forth- t
9. That in the event the ownership of the mortgaged premises, or any part thereof, betomes ve:ted in s person other fhan tF~e MORTGAGOR, the j
MORTGAGEE, its succeuo+s arx! suigns, may, without notice to the MORTGAOR, deal with such s~cceuor w successor in interesl with reference to this ~
mo.~gage and the deb~ hereby secured in the same manner as with Mortgagw w~thoul in any way vitiating w d~xF~arging the Mortgagors liability herr
under w upo~ the debt he.eby secured. No ssle of tl~e premises hereby mortgaged and no forbearance on 1he part of the ~80RTGAGEE or its successo?s S
or assigns and no extension of tF+e time fw the paymem of the debf hereby secured given by the MORTGAGEE w its suctessors w assigns, shall operate
~o reieax, d~scharye, modify change w affect the orig~nat tiabit~ty of the MORiGAGOR herein, either in whole w ln ps~t.
10. It is specifically agreed that time is of the esxnce of this cont~aa and that no wsiver of any obtigation hereunder or of the obligation fr
cured hereby shall at any time thereafter be held to be a waiver of the terms hereoi ot of tlx instrument secured herby.
I1. In arJd~tion to the faego:ng monthly payments of princ'pal and interest required by the promissory no~e secured hereby, mortgagor cavenants
and agrees to pay to mortgagee with each momhty 'payment an add~~ional sum estimated by mortgagee to be equal to 1/12 of the annual cost of the follow-
ing: `
A-All real property taxes levied w assessed agaiast the above described real estate. • ;
B-Premiums on fire and windstorm ins~rance as herein requ~red to be carried on the ;mprovements situate on the above described premises. {
C-Prem~urns on such mutgage guaranty ir.surar,ce as mortgagee shall (rom t~me to time deem fit to carry on the ban secured hereby. ~
Mortgagee shail from time to t~me notify mortgagor in writing of 1he amount due and payabte hereunder and such wm shall thereupon be due and
i Fayable on the due date of the rtext monthiy paymeN and each successive moMh thereafter ur,til mortgagee shall notify mortgagor of a change in such
~ a.--:ount_ Such sums sF.ail be applied by mortgagee toward the payment of rea~ property taaes, insurance prcm:ums, and mortgage guaranfy insurance
1 premiums- .
~ IN WITNESS WHEREOF, the sa~d MORTGAGOR has hereunto set his har.d and seal the day and ear i st aforesaid.
€ Signed. Scded +nd delivered in the preunce of: ~ ~r~~" ` J
, J a~
' . David Jon ,q
aq
. a c L . nes ~,q
_ ~
i
SfATE OF fIORIDA t #
St . Luc i e ~
couren oF
Befue me perwnally appeared K• ~ V 1 C~ .lOI1eS a~
Naney L. .~OTIQS his wi{e, to me well krawn a~d known ta me to be
the individvals dewibed in and who exec~ted the foregang instrument, and ackrwwledged befwe me that they exetuted the same fw the purposes
~herein expressed. And the said Naney L Jones
wife of the said K• D~vid Jones ~po~ a seperate and private
examination by me taken sepa~ate and apart from her said husband, sckrawiedged to and before me that i~ executed said instrument freely and voluo-
rar~ly and without any compulsion, constraint, apprehension, r of or from hcr said h~sband.
WITNESS my hand and official seal thii s1~~ day of April - a p. 1974
tr. Notary P~blic in a w the tste of Florida d L~e
My Commission ires:
~ry C~ /973
Retum To: •
~ Fint Federal Sav:~gs b Loan Association • _
oi Fo~t P~erca : F LEO ANO RECotiDE~
S~. IUCIE COUNTY FLA.
ROGE~ POItRAS ~ 1
~ fort Pierce, Florida , • ; . ?
- CLERK C~~CUIt COURt `
- • ~ RECORD VE~tfIfD ~
This Instrument Prepared By BobeYt A . SK~sKei ~ ..~i. ~ ' , ~ ~ ~O Q$ ~
First Federal Savings b~ loan Association ~ ~
~ of Fort Pierce, Florida F• ~ ;_x•"~: -r ' _
. ~ t ~ `'-~r~`r~ ,
` ~ ~':r:; - ~G`7'3~~5
Ch ecked By ~ ~ T'
~,~~~~ttt~k~~~i~```~~`
B~OK G~.S PAGE(A.l~ ~ ~
~ ~
- ~
~ ,..R.. ~ v _ - -
;~N,~ ~ ~ ~
_ ~
u. ~a
. . _ ~ _ ~ . ~ ~ ~ ~