HomeMy WebLinkAbout2147 To place and coro~nuot~siy keep on rhe b~~'J~~,~s ~~ow or he~ea'tter ~i~uate on i.,~d ~and and on al{ eq~ipn,ertt and personafiy co:ered b~ tl~~s mor~g• `
age, with dl) pr~miumS Ihr~con pa d in fu~l, f~re ir.S~+e+~Cr ~~~e ~sual itonderd po~icy form, ~n a Sum a~,p~o.rd b/ ~~~e I11Vk~v:+GEE, e~`~1 w~~~dntoim •
~nw,anct in fha usuat •tjndard No:.cy tonn, in ~ wm aF;,ro,~ed by rhe hSURiGAGEE. ~n such company oi co:~,~:+n.es a~ the AtORiGAGEE may
dnrcl; and all firo and w~nduurm in~u~a~ce po~~oes on ony of sa~d bu~~dmgs, any imac~~ therein or part therrof, in the ay9~~9a~e svm atoresa~d or
in eacess thereof, shjll :omain the uwal stanJard mor+gagae c~ause or suth o'her clause as ~he Mo~tgayee ~~ay reyu.ie, n»?~ng ~he ,oas unJ.~ s~~d poli.
c~rs, each and every, paYab:e Io aa~d MJRTGAGEE as ~ts int_r.:s~ ~~~ay appear, and each and e~ery wch po:~cy sha~l be promptty ass 9~~..-d a~~d de~~~<<<•d ~o .
eny held by sa~d AIOR(GAGEE es fwther securiiy to said mo~tga9e drut, ar~d, not tess than ten (lU) days ~n ad+ance oi the exp~ra~~o~ of each po~~cy. ~o dn• f
liver to sa~d MORiGAGEE a renewal thereoi, together w~th a rece~pt fo~ ~he p~em~um ol s~ch renewa!; and ~hrre shall be no Lre or w~~~asto~m icsuronce
placed on any of sa~d bvi!d~ngs, any interest Ihero~n o~ part thereof, unless in the form and with the ioss payable as aforesa~d; and +n the e~ent any sum
of money becomes payable under wch policy or pofu::s si~d MOkTGAGEE ah~H have the opt~on to recrwe anJ app~y the sa~„e on accoun~ o( ~he ind~t~.-d•
neu sewred her~by or to permit ~aid MORTGAGORS to receive and we it or any part th•aroof tor oen~ r~.wc oirs, :.:in;;t !h r.s~~.+ P~~'-
ing any equrty, Gen w riyht undar w by virtue of this mo:'yage; and in tha evem sa d MORTGAGORS sha11 for any ~easoo (ail to kaep rhe sa~d p~em~ses so ~
insured, w fai~ to detiver promptly any of said pol~cies ol i~surance lo sa~d MORiGAGEE, or fa~l promptty to pay f~~ty any pr~•.n~„~n thrrcfor or in a~y
respett 1ai! t0 ~x~~o~m, d~scha~ge, ex~tutz, effect, complete, comply with and ab~dr by this cove~ant, ot dny po~t htreoi, s.~~d MIiRiGAGEE may pldcr a•~a •
pay For such insurance or any part thereoi w~thout waiving or aHecting any opt~on. Gen, equay, or righr under o~ by virtue of this hlortga~e, and ~hc
f~•II amo~nt o( each and every such paymam shall be ~mmediately due and payaF:le and shal~ baar interest from ~he date thereof until po~d at the rate of
n~ne pet tenlum per annuni and to~rthe~ with such interest shaii be sewred by the lien Of th~s mortgage.
d. To permit, commit or sufter no waste, impairment or deter~oration oF said property or any part thereof.
S. To pay all and singvlar the costs, charges and expenses, including a reasoneb!e attorney'e fee and cosrs of a6stracts of title, inc~rred o~ pa~d at
any time by said MORTGAG.E, because w in ~he event of the fa:lure on the part of the said MORTGAGOR to duly, p~ompNy and fu~~y ~n~fonn, dnchargr.
exec~te, effect, comp'•cte, comply w~th aRd ab:de by each and eve~y ~he stipulet~ons, agreements, cond~hons, and covenants of sa~d pro~n~sscry note and ~h~s
,,ortgage any or eiiher, and sald costs, charges and expenses, each and every, shall be immediate~y due and payable; whethe~ or not ~here 6e nonce d~
mand, attempt to coUect or suit pend~ng; and the full amoum of each and every svch payment shalt bea. ~nterest from the date thereof unti~ pa~d al Ihe
~.~re o~ ninz per centum per annu:n; end a~l sa~d wsts, cha:ges and ex;~e~~ses incurred or paid, Iogether ~v~th such inte~est, shall be secured by the t~rn of th~~
mortgage.
b. That (a) in the event oi any breach of this Mo~tgage or default on ttw part of the MORTGAGOR, or (6) in the event any of aa:d s~ma of money
herein rcierred to be not prompt~y and (ully pa~d withi~ th~rty (301 days r.ex~ atter the same seveially become d~e and payable, wifhour demand o~ nof~ce,
er (c) in thz event each and every ihe stipu:atrons, agreements, cond~tions and covenaros o! sa.d promissoiy note and th~s morigage any o~ either are not
~vly, promptly and fully pe~formed, ds.harged, eartuted, effecred, tompleted, compGed w+th and ab+ded Sy, then ~n e~ther w any such event the ta~d ag-
~regate sum ment~oned-en sa~d promissory nute then remaining unpaid, with intere,~ accrued, and ai{ moncys secured hereoy, sha11 become d~e and pay-
ao e Sorthwith, or Ihereafter, at the opt~on oi sa~d h10RiGAGEE, as f~ily aniS aompletety as if atl of the safd sums of money were ongi~a.ly st~pu~ated
to be pa~d on such d~y, anyth~ng in sa:d pro:n~ssory note o~ in th~s Mortgage to the convary notwiths~and~ny; and thercupon or therealter at ~he op~~on of
sa.d hIIORTGAGEE, without nonce or demand, au~t at law or in equity, therefore or thereafter begun, may be prosecuted as if a!I moneys setured hereby
n.:d n~etured pt.ot fo ~~s instit~t~en.
7. That in the event that at the beginning of o~ at any time pending any suit upon !his Mortgage, or to foretlase it, or to reform if, or fo enforte
~-ayment of any daims hereu«der, said A10RTGAGEE shall appty to the Co~rt havir.g ~unsd;ct~on thereof fo~ the appomt~nem of a Receiver, svch Cou~t shatl
icrthwirh appoint a rece~ver of sa~d mortgaged prope.ty atl and singular, irtct:,d,ng ai! and s~ng:;iar ~he income, prohts, issues ar.d re~enues from whore+er
s~urce drrived, each and every of wh:ch, ~i be~ng expressly undersrood, is herrby mor+gagrd as if spec~fica!!y set fo~th and descritxd in the g~ant~ng and
t,abend~m clauses hereef, and such Receiver shau have ail the broad and ef4ect~ve funcs.ons and pov~ers in anyw~se entrusted by a Court to a Recriver, a~}d
s.ch appointme~~t shail be made by such Court as an edmitted equity and a ma~ter of a6so!ure right to sald MORTGAGEE, a~d w~~hout refe:ence to the
adeq~ecy or inadequacy of the value of the p~operty mortgaged or ta the so~tirncy er ~nsolvency of said h10RiGAGOR or the defa~dan:s, ar.d th~t such
re~ts, profhs, income, issues and reven~es ahall be applied by such Receiver accord.ng to the tien or equir~ oi said MORIGAGEE and the pract;ce of such
Caurt.
8. To duty, promprly and fu:ly pe~torm, d~icharge, execute, ef4ect, compiete, comNly with and abide by each and every the stipu~ations, agreemeMS,
;onditioru and covenants ~n s~~d promissory note and th~s mortgage set forth.
9. That in the event the ownersh~p of the mortgaged premise~, or any part ihereof, 6ecomes vested in a person other than the MOR?GAGOR, th!
4'.pRTGAGEE, its successors and assigns, may, withovt not~ce to the MORTGtiOR, deal v.~~fh such successo~ or succcssor in interest v.rth refrrence ro thh
r o~tgage and the d-bt hereby sewred in the same manner as w~th flortgaga w~thout in ar,y way vihating or d~scharg~ng the tllcr:gagors' tiabil~ty here-
under or upon the debt hereby se:ured. No saie of :he F~er::ises hereby mortgaged and no iorbearance on the parf of the MORIGAGEE or its successors
or assigns and no extension oF the time for rhe payment o4 the debt herehy s:cvred given by the MORTGAGEE or its su<cessors or ass:gns, a~~all operate
ro reiease, d~scharge, modiiy change o~ affect the orig~nal lia~!'~~ty of the M.ORTGAGOR herein, either in whole o~ in pa~t_
)0. It is speuficaily agreed that t~rne is of the essence of th~s contract and that no waiver of any obligauon hereunder or of the obligation s~
wred hareby shall at any time thcreafter be he!d to be a warver of fhe terms hereof or of the iastrument secured herby.
~ I l. In acid.t:o~ +o the fore e':~ m.onth! a ~~ents of ri~c ~al and interes+ re uired b the rorn.sscr no~e seccrrd hereby, mortgag~r covenants
f 9 9 Y P v { r Q Y P Y
~ ~~:d agr_es to pay to ~o:tgagee v.•ri~ each ~~onrn y pa~~.:ent an adu~•ional wm es!~^:ared b~ mortgagez to be equai to 1; ~2 of t:,e anr.ual cost of the follow-
E
1
~ A-All reat property taxes levie~ or assess~d agai~~st sh~ aoove describcd real estate.
B-Pr~m~u~ni o~ fire and vv~ndsto~m mw~arce as ne+c~n rcq~:rrd to be ca~r~ed on the ~mproveme~ts s~i~ate on the above d=su~bed prem~scs.
~
e C-Prem~u:rs on such r^ort~ ~ge gu~ranty ir.sura~.ce as mo~tgagee sha:l frc:~ t.~re to time deem fit to carry on the loan seture~ hereby.
~ hlortgagee s1~a!I from t~mc ro t~:ne notify mortyogor ~n wr~t~ng of the amount due and payable hereundzr and such suoi shail thereupon be due and
~ rayable on the due date of the next month:~ payment a~sd each successive month thereaft_r urtil mortgagee sha!I ~~ot~fy mortgagor of a change in such
~ .-~,ount. Such sums sFa:i be a~pi~ed by morrgag~~e tor.ard ti:e payment of real property taxes, ~~sura~ue prem.ums, and mortgage g~aranty msurante
z •emiums.
~ r\ IN \YITNESS '::HERE the said RiGAGOR has h?reunto set his hand and seal the day and first a4oresa~d.
~ 1 d de " in the es n e of: O~Q ~ECOa~Ee ~
~ - :7~lUCl~~
0~1uf ~ ` ~ es C . Br i ts~aq
RCCE ~ ~ (5eaO
~ ~ CLEa~ G't•.~Ult COUItT . _
; F ~f:E7 ~5`aq
~ Rf.CO~~ Yf - ane . s ow
~ - ~~1, tseaq
~ STATE OF FLORIDA ~ ~ ~O ~ ,
~ st . Luc~e 2~U~12
~ ..OU~~TY OF - ~
~ Before me personal:y appeared Ja?aes C• BZ~StON and
~ Janet C. Bristow
his wife, to me well known and known to me to be
~ rhe individuals described in and who ezecuted the fwegoing instrument, and acknowSedged before me that they executed the same for the purposes
" rherein expressed. And the :a~a_ Janet C. BY ~StOQ
~
- r::fe of the said J~eS C• Bz istow upon a sepa.ate and private
e.am~nation by me ta~en sepa+ate and apart #~om her said h~sband, acicnowledged to and before me that she exetuted said instrurne~t free~y and volun-
" ~ar~ly and w~thout any comp~tsion, constraim, apprehens~on,
yo
~fear of or from her said husband.
~ WITNE55 my hand and officia! seal this_ T"- day of ~?pr il A_ D. 19 74
°=at ~ .
' Notary PubGc in and for th tate of Florida at Large
_ - My Commission expires: ' O ~ ~ ~ , `
~ Return To: '
First Federal Savings 8 Loan Association -
_ •+ej~
ri Of Forf P r.rc^ ~ 1 r'•
- Fcrt P~erce. Flcrlda ~ • _ - ~ . ~ ~
. _
This Instrument Prepared By ~ - -
J. H. Robezts, Jr. _ ~,ty
w:=, First Federal Savings & Loan Association . • ~ , , . J - ; _
- of Fort Pierce , Rlor ida ,
~`y Checked By ~ - ~ ,~s.~-
~ ~„~„r~`
G R _
~ ~ ~26 PbCE 2 `
~~~M 145
;~r:
R''" d z
. 3
~
~ $
`~$-~~._v... . , ' . . . . . _._.VaF`~