HomeMy WebLinkAbout2272 3. To p~ace and conNnuously keep on ti~e Lw ~1~~-gs ncw or here,,i~er artuate on s~~d ~and and on all eq uyn~enl ard pcrsonally ca.e~ed by th~s morfg-
ege. With el) pren,:~:ns ~~~~~eon N~J ~n lu;l, i~r<• ins~~a,ue ~n ti~e usw! S}Jil(~Jf(I Fw'.~cy form, a S~:n a~pro+cd b/ ~he 1.:VR~`v:~GEE. ar:d w~~~Jswnn
~~surance in ihe uwal arandarcJ Ho:.:y foi~n, in a wm ap~.iu.ed 6y thr AIURTGAGEE, in su:h co~nNany or co~~•~~a~i.es as thr 1.tiORT(,AGEE ~nay
d~recl; and atl fire a~~d w~ndsiorm ins~rance pofnes on any oi sa~d Iw~id.nys, any in~zres~ ~herein or pd~f thrrrof, ir ihe ay9r, yofr wm afoiesa~d or
in eactas ~hereof, sAal! con~3~n ~ha usw~ s~a+:d.,~d +nor~yo9ae clauae or such oihe~ dause as the Mortyayee may requ,re, ~~~aA~ng rl,e ~oss unde~ s.,~d F%o~~-
res, each and evrry, payab'e to sa~d hWRiGAGEE as ~ts i~ver:a~ may appear, and each and eve~y a~ch po:~cy ah,~ti b~ p~Om.ptly assynrd o~~d de•~vrr.d ~o
eny held by s~id h!ORIGAGEE as f~nher secu:ity ro sa~d ~r~or~yage debt, ar.d, not less than ten (101 days in ad+a~ue of ~he expirat~on oi each po!~ty, ~o de-
I~ve~ to sa~d MORTGAGEE a renewal tF:ercof, togeiher whh a rece~pt for the prem~um ol such renewat; and there ah.~ii be +w f,~e o~ ~r+~~ds~c'~n i~.su:ance
pliced on any of aa~d build~ngs, any imerest therr~n o? part thercof, unlee: in the fonn and wnh the loss payable as aforrta~d; ar.d in ~he e~eN any s~m ,
of money beco~nes payable unde~ wch Nuticy or poLcius sa~d MORIGAGEE shall have ~he opt.on ~o rrcr~ve ~~~d apply thc sa~~:e on acco~nt of ihe inJo:~t~•d-
nr~s secured hereby or to pemi~t sa~d 1AURIGAGORS to receive and use it or any part ~he:eof icr osi,~~ pur~.;.s_•s, c.,~h.•~t ih•~..,; .v.~•~ ~~~•P~~~'
ing any eqv~ty, :~en Or nyh! under or by vir~ue of Ihis mo:'gage; a~d in the evcnt sa:d MORTGAGORS shatl ~or any rcason fail to kacp ~~~c sa~d pre~n~s~s so
inwrcd, or fail to delivet p~o~nplly eny of said po~~cies ol ~nsurance to said MORiGAGEE, or fa~! prompLy to pay 4u~ly any p~r~mo•n thrrrfor or in anY
respect fail ~o perform, d~sch,rge, exec~re, efiect, coinpletr, co:nply wirh and ablde by th~s covenaN, o~ any p.~~t h~~reof, s~~d tduRiGAGEE ~nay p~aca a~o ,
pay for such insurance or any part ihareof without wa~v]ng o~ alfecting any option, Gen, equ~ty, or r.gM under or b~ vir~ue of ~his Mertgaye, and tne
f~~!I amo~nt oi each and e~ery such pay~nent shall be unmediately d~e and payable ar,d aAall bear intcrcat irom the date thereoi u~~nl pa~d at the ra~e o~
,~~~~e pe~ centum per annu•n end to_~_th~~r ~~~th su[h ~ntc«•sf shaf~ be sewred by the lien of this mOrlgage.
1. To {xrmit, commit w sufier ~o waste, impairment or dete~ioration of said property w any part thereof. •
5. To pay all and singu(a~ the cos~s, charges and expenses, in<iudir.g a~easo~able atiorney's fee and costs of abstracts of ti~le, incur~ed or pa~d at
,ny ti,r.e oy sa~d MORiGAG:E, because or in the evero of the fa~wre on ?he part of thr sa~d MORTGAGOR to duty, p~o:nptly and fu11y periorm, d~sci+arge
_.~c~te, effec~, coa~pte~e, co~nply w~th and ab.de by each and every the srip~Ianons, agree~»en~s, condinons, and covenanrs of sa~d pro~n~ssory no?e a~~d ih~s
,:ortgage any or e~~her, and sa.d costs, charges and eapenses, each and every, shall be immrdiately due and payabte; whe~her or not Thrre be no~~ce d~
~„and, attempt to coliect or s~~~ pend~ng; and the fu:t amount of e~ch and every such paymem shall bea~ interes~ from the date thereof until paid at rhe
~:r~ u~ n~ne per cenwm per an~,,..n; and a~l sa~d cosfs, charges and cxpanses ~ncurred or paid, toge~l~er w~th such inrerest, shalf be secured by the Iien ot th~s
mortgage.
6. That (a) in the event oi any breach of ihis Mortgage or default oo the parf of the MORTGAGOR, or ;b) ~n the event any of sa;d wms of money
t,erein referrrd so be nm pro~~~Ntly and tutly paid within th~rty (30) days next af~nr ~he aame se+eralty becon,e due and payabte, w~~houi dc~nand or noi~cr.
or ~c) in the event each and eve~y the stipulai~ons, agreements, condnio~~s and covenants of sa d prom~ssory note a~~d th~s mo~tgage any or e~~her are not
iuly, promptly and lulty perfonned, d scharg<d, execu~ed. effected, completed, compi,ed w~ih and ab~d~d 5y, then in e~ther or any such event ihe sa~d ag
ar_gate sum ment~oned in sa~d pronussory note then remaining unpa~d, wnh inte~e;t accr~ed, and all moneys secu~ed hereby, shall become due and pay-
av e forthwith, or thereafter, at the optlon o1 se~d h10RTGAGEE, as fulfy and compietety as i1 a~l of the said sums of money were or~ginatly si~pvtated
ro be pa~d on such d.:y, anything in sa:d p~om~zsory note o~ in this Mortgage to the contra~y notwithstand~ny; and thcre~pen or thrreafte~ at the op~~on~of
s~,d MORTGAGEE, wirhout nonce or damand, su~t at iaw or in equ~ty, therefore a thereafier begun, may be prosecuted as if all moneys securer! hereby
r,d maWred pnot to ~ts insl~tution.
7. That 7n the event that a~ the beginn;nq of or at any t~me pendb,g any su~t upon this Mo~rgage, or to foreclose it, or to ?eform it, or to enfcrce
p~yment of any daims hereunder, sa:d 1'dORTGAGEE sha~! apply to the Court havi~.g ~unsd.Uion thc~eof for the appomtment of a Receiver, such Court shaii
Fcrrhwiih appo~nt a:eceiver of :aid morfgayed p~operty all and singvtar, inclvd.ng ail and s~ng~~ar tl~e income, pro(~ts, issues ard re~enues from whote+er
se.,-ce drrivrd, each and every of wh:ch, ~i be~ng express!y undersfood, is hereby mo.~gaged as ~f sperika~ty set forth and descnb_d in the g~antuiy and
h.+bendum dauses hereof, ar.d such Rece~ver shat{ have a!I the br;,ad and efiect~ve funu~ons and po.ve~s in anyw~se entrusted by a Co~~t to a Recriver, a~~d
s. ;h appointment shatl be made by such Cowt as an ad•nitted equify and a m.atter of absolute rlght to said MORiGAGEE, and w~chaut reference to tne
ac!_~qoacy or inadequacy of the va!ue of the property mortgaged or to the so:vency or ~nso;ve~ty of sa:d M1ftOR+GAGOR or the defendants, and th;t auch
re~!s, profirs, income, issues and revenues shaii be appi~ed by svch Recerver accord~ng to the lien or equity of said MORiGAGEE and the praurce of s~ch
Court.
B. To duly, prompNy and ful!y perfo.m, d;sct~arge, execute, effect, complete, co~nply with and abide by each and every the st~pu~ations, agree~nents,
_o~d~tions and tovenants ~n sa~d pro:n~ssory note and tnls mortgagr se~ forth.
9. That in the e.ent rFe cwr.ersh~p of tt:e mortgaged prern~ses, or any part thereof, becomes vested in a pe~son other than the MORTGAGOR, the
:~RTCAGEE, its successo~s ar,d ass~g~s, may, without no~ice to the k'•CRTGtiOR. deal wnh such successor or successw fn ~nterest w;~h reference to this
_~~gage and the debt hereby secured in the same manr.er as with ~Jlortyagor w~tho~t in any way vitiating Cr d~scharg~nq the Mortgagors' liability here
der or cpon the debt hereby sec~red. No sa:e of the Frem~ses h~reby mortgayrd and no forbearance on the part of the !AORiGAGEE o+ its sutcessors
or ass~9~s and no exre~s~on of the r~rne for the payment of the debr hereby secured given by the MORTGAGEE or its s~ccessws or oss:gns, a~~ail operate
+o re!ease, d.scha:ge, mod~fy change or zffecf the original liai~~{~ty of the MORiGAGOR herein, either in whole or in pa~t.
10. It is speuf~:ally agreed thjt t~me is af the essence of this contratt and that no waiver of any obi;gat~on hereunder or of the ob!igation se-
:,,~red hereby shal~ at any time thereafter be he!d to be a wa~ver of the terms hereof or of the instrumeM secured herby.
I1. In acid tioa to the forege ng rnonth.y payn,enis of p•inc pal and interest requhed by the prom•ssory no'e sc.~red h~~reb~, mortga~or eovenants
, d agr~cs ro pay to n:o:t3:~gec~ v~ith each r.,on!h!y Fa~~. e~~t an dc~U~nOnel sum css n ored b~ mortgager to be equal to 1, 12 of thr an:wat cost of the foifow-
~ A-AI! reai prope:ty taRas lev~a.a, o~ d55~55tC1 ny~i~~st tn~~ aoove drscrib~d real estate.
j 8- Pr_~. ~uR~s on fire and Wi':(IS'O'~:: ~t?SV!3"CC ~s nere~n rcy.e~rcd to be ca~ried on the ~m;;rovements s~tvate on the above d~su~bed premises.
f
; C-Pre~niums on such mortg~ge gvaran!y ir.wrarce as rr,e~tgag~e sh~ii fro:r. r me ro tnre deem fit to carry on the loan secured here6y.
E Mortgagee shall '..om i~~ne ro t~me ~of~;~ n,or.yagcr 1n wr~t~ng of the a~rou~t d~e and payable hereunder a~d such su~~ shai; thereupon be d~e and
x able on !he d~F d~t~ o? th° ee.<t month: J pay~• ~nt and each successive n,omh thereafier uctii mortg~gee shall notlfy mortgagor of a change in such
£ ouM. Such sums sFa.i be aC ~~•d b mort e toward fhe ment of reai ro rt taaes, inwra~cc rem,ums, and mort~jge guataMy insurante
~ P Y 9~~" i"I N Pe 1 P
~ r•emiums.
~ IN ~VlTNES " NERE F, the ~d !d AGOR hes herevn!o set his hand and seal the day and year lirst aforesaid.
~ i le an ivered the p sence of: . j~~~^
f5ea!)
~ -
~ (Seal)
(Seal)
x (Seap
jS - _ _ ~ \
1
~ s;:,Te oF FioeioA ~ ~ )
Seal
~ ~OUNTY OF St. Lucie ~
~ Before me persona(ly appeared W1111dID F. $~PsOil ~lI'ld B°nita G. Sa~3021~ ~115 Nlf d
~ae~i son -G. aa son an ris .~aopson ;
~ ~Cfyyr3 . SaID SOJI and Helen ~aeSOil+ tl1S lrlf@: dtld his wiie, to me wPell known and known to me to
~ t e~n rvidvafs described in and who executed the foregoing instrument, and acknowtedged bef e me that they executed the same for the purposes
~ Sampsan and He ~n D. SamQson
Bonita G. Saapson, wife of William . n
~ th•~rei~ expressed_ And the said_
~,:ra of the sa~d Horrard W. Saapson, and Ilis T. Sampson, wife of Ba~erson G. ~p~~~a~e and private
ri e..am~nahon by me taken sepa~ate and apart from her sa~d husband, atknowiedged to and before me that she execut~d said instr~ment iree~y and vo:un-
+~~~iy and w~thout any compulseon, const~aint, apprehens'.on, or fear of or from her said husband.
WITNE55 my hand and off~e~a! sea~ this_ "2 ~ day of_ APr 11 A. D. 19 7
" - ~ . i
Notary Public in and for t State of Fbrida:;~'larye
- My Comm~ssio~ exp~res: ( ~ ~ y'~ ~
_ Return To: - ~
~
First Federal Sa+in s 3 loan Assodat:on ~jC~ C ~ ~
Of Fort P e-ce `(~OV~~ / '
= Fort P~erc~. F~;r~da - . .
F lE0 ~?K ~oUMN
f~A. ` _ _
J. H. Roberts Jr ~ S~• a0CE1PCUlT
CpuRT I( ~I -
This Instrument Prepared By . .
_
`k`~ First Federal Savings & Loan Association ~F~~pp ~E~~FtEO 1 . .
= of Fort Pierce ~ F loY ida A~~~ 11~ f
~
r~:s Checked By - -
t
eoo~ ~26 ~~?.2?1 - . d=
K-`-
n•~'.:
~ _ _ '
;'Ss
~
~x
x
~ ti _ ~ . . ~ _ . _ ~.~'r"_`~.~