HomeMy WebLinkAbout2274 3. 10 NI3C¢ dnd lOn~~nuU~S~y ~t~Cn .)n thr e.-_~ il~i!~S :~.~N Ot he~a•d~:~~ S'IuotC On S.i~C~ idn(~ d~~.(1 Jn dl; ~~(i~~~;::,rM o^C~ ~~erSG~~JIif :O.r~cC~ ti/ 11~~5 n:orrg-
ege. with ell pien:~u:ns ti:..reon F.,~ d~n iu!I, t~~~• n~swarcr .n ti~a ~i~~t ate:.~.~J ~'~cy lorrn. ~n a su:n ~:.pro.cd u~ ti~e 1k.iR.~,.:~! ~s~ •1 v.,nJs~wm
~nsuranca ~n the uaval s+a~ed.,.d F:u: ty lo~~;,, ~n a su:n e;,~.~o.rJ Ly the hS~:RiGAGEE. in ~uch <cr,:F,o~~/ or e~ an es as ~i:n t.10ki;;AGEE e~„y
dnect; and all (ire ar.d w~nds~onn uisurancr po~~c~~•s on any oi aa~J L~~d~ngs, eny in~e~es~ tha~em o~ par~ t4~ClCJ~. 1~1 ihe a9y<<9~1~ w~t~ arulrs~ d or
in extess ~hrrcof, sl~all co~ts~n the uswl s~~•~.d,~J mo:~g~9ae uause or su:h o~her t~euse as the Mo~tye9~e may rcyu.re, maA~ng ~he ~css v~:J~~~ s~.J ~:o~i•
c~es, each anJ every, pay~b'e to so~d t.tJRTGAGEE as ~n ~ntrr:s~ may aNpea~, 3r~d rach and e~e~Y such ~:~:,c~ sl,,.:l i,r N~ur~ ~n~y ais 9~:~d s~ d dr ~.cr.•d ro
any held by sa~d MORiGA ;EE as iwther s•:cur~ty ~o aa~d ~~~o~~y.+~e d•.ur, e~~d, not !esa ~i~an tei~ (10, d~ys in ad.~~,ce o1 the e,p~r,+~on of ~ech ;,o!~c~, to de-
t~ver !o sa~d hIORiGAGEE a renewei ti~rreof, toye~htr w~th a rcce~pt (or ~he prr~n~um oi s~ch re:~eNa:; a~~d thrre siwii t~r no i~re or v.l~~ds~u•~n ~nso~a~~ce
plated on any of se~J b~itd~n9s, any intcrest there~n ai pa~t thrreof, uni.-ss in ~hr form and wnh Ihe loss paydoie as aforesa~d; a~~d in the r:ent any wm
of money becomes payab:e undrr such pol~cy or pol,c~es sa~d .~1pRfGAGEE s1~s11 have thr opT;on ~o rco:~+e a~,d apF~:~ t~~c sa::~e on acco~~~~ of th~ ~~~d~: t~•d•
r,eas secwed hereby or to per~n~t sa~d ~IIJRTGAGORS ro receivr ard ~se ii o~ any pa~~ ~he:~•of iar o:r~~ r F.~~, ~s~:. `J ,
ing any eq~~ty, lien or ~:9ht under or !:y virt~e of Ih~s mcctya~a; and in the evrnt sa.d MORTG~GORS sh~!I tor any reason fail Io k~•ep tne sa~d pren,~s_s ao
lnswed, or iail to daGve~ p~ompt!y any of s~id ~~ol;~ios of inwrance to sa:d h\ORTGAGEE, ot ta~; p::.n:ptly t0 pey fu:ly an/ pre~n...~n thcrciu~ o~ a^Y
respett (afl to petfo+m, d~schdrge, exa•cv~r, e4fecl, ca~~p~ate, co:nply wiih and eb~da by Ihls tovanant, or any p.+rt hereo(, said MvitiG:.G~f may p~ace a~0
pay (w auch insur„nce or any par~ therrof w~~hout waiv~ng or affecting any opt~on, Gen, eyuny, or n3hr ur.der or b~ v~~+ue of ~h~s :L',o~tgage. and ihc
+~II amo~m of each a~~d e.ery such paym~•nt shdll be inunediately due and payab~e and shall brar inter~st trcrn ~hc dote th~rrof u~~r~l p.,~d a~ the rote ot
^~ne per centum Ner a~:•iu r and ta=)•_ih~r w~th w:h intc«•st sh.,~~ br s<~cured by Ihe iien o~ thia mo~tyayr.
d. To permi~, commit or suffer no waste, impahmenT o~ dct~•rioret~on o1 said pioperty or any par! the~eof.
5. To pay ali and s~ngutar the coits, charges and exNenses, ~ncludin9 a reasonable atiomey's fee and costs of a6anaas of ti~'e, mC~rr~d or pa;d at •
a~y t~n:e by said MORIGAG`_f, because or in the event of the Ea~lurr on Ine part of ~he said MORiGAGOR to du:y, pro~>>pt~y and fu;ly perfonn, d~scnjrge
_xrc~tr, effecr, comp;ere, canp!y w~rh a~xl au.dr by eo:h and every the s+~pu~at~ons, agree~~,eros, cond~r~ens, a~d cove::anfs of sad pro~n~ssory note and it,~s
~,ortgage any or e~ther, and sa.d costs, charges and expe~ses, each and every, sha(1 be immrd~ately due and payaL;e; v.hether or no~ thrre !:r not~ce da
^~a~d, artempt ro toiletf or s~it pend~ng; and the full amount of each and every s~ch paymeM shall bea• ~nt~re:~ f~om the date thzrrof until pa~d at the
,,.re o~ n~~~e per ccntum ~.~r an~:~,,.+~; and au sa~d cosis, charg~s a«d ~x;.~•r.aes ~nturred or pa~d, toyett~rr w~th s~ch inte+rst, ~shall be secured by the iien of th,~
mortgage.
6. That (a) in the event of any L•rcach of this Mortgage or defau't ~on thr part of the N.ORTGAGOR, or ;b) in the event any of sa:d sums of money
hrrein refe~red to be not pro~nptly and fu~iy pa:d ~ririun th.rty i30) dats next a`ter Ihe saine seJera:ly become d~e and paya6`.e, witho~t de~nand or not~ca,
er (c) in thr evenf each and eve~y ~he stip~.at~ons, agreemrnts, cond~t~o+~s and covenams of sa.d prom~ssory note and iha morrgage any or e~~her a~e no~
july, prornpdy anJ fui:y pe~formed, d scha:grd. eaecuted, e~fected, canpie~e~, campl~ed wiih and ab~ded Sy, ~hen ~n e~th?r or any such eveM the sa~d ag-
~regate sum ment~oned ~n said promisso~y nute then ~e~»aining un~:aed, with intrre,t acvued, and ait mcneys secured hereby, sha~i become due and pay
i~: e forthwith, o~ ahereaEte~, at the epnon of s.+~d MORiGAGEE, as fuliy and .'omplrtefy as ii ai! of ~hr sa~d x~ms oi money were ong~~~ally st~p~:atrd
ta be pa~d on wch d~y, anything in sa.d p~o.n~ssory note or in this ldortgage to the contra.y notwithstand~ny: and Ih~reupon ot iherrafter at the oF.t•on of
s~ d MORTGAGEE, wirhout nor;ce or demand, su~t at I~w or in equrty, th<re~ore w theraaf~er beg~n, may be prose.uted as if all moneys securcd hereby
c.:d matured pnor lo ~ts ~nstitunon.
7. ihat in the event tha! at the beg~nn~ng of or at any time pend~:~g any su~t upon ~h~s Mo~tga~e, or to foreclose it, or to reform it, or to enfo~ce
~.~yment oi any claims here~nder, said t:,ORT;aAGLE shalt a{~ply to the Courf having ;ur,sd.ct.on ~fie~eof for the appo.nhnent of a ReceiYer, svch Court shai!
f;;:rhwirh appo~~t a rece~ver of said n:o:tgag~~d property all and sing~~lar, ir.dud~~g att and s~~~~u~a~ tt:e i~co~r.e, p~of;ts, ~ss~es and re~r~~ues fiom wh~tever
sru~ce derived, each ar.d every of wh~ch, it tk~~~g express!y understcod, is h:e«~by mor~gayed as if spec~fecaily set fo~th and descnbrd in the granr~ng ar.d
t,.+:,endum cfauses hereof, and s~~h Receiver sh~ii have a11 the bwad and effgcn+e iu~xc.ons and powers m a~yv.~~se entr~sud by a Co~et to a Rec~iYe~, a:.d
s_ch dppoinfinent shai~ be madr by wch Court as an ad:nrtted equ~ty and a r*atter of abso:ure ngM to sa;d 1.10R1GAGEE, a~d winc~ui retere~.ca to the
a•:i_qu;cy or ~nadequacy of 11~e va!ue of the property mortgaged or to the senency or ~nsorrency of sa~d MORiGAGOR o~ the de!.r~~dants, a~d Th;f such
~~•~~s, profits, income, issues and revenues shati be app~ied 'oy such Recr~ver auord,ng to the Iien or equrty of said 1.10RTGAGEE ai~d the practue of sucn
Court.
8. To du:y, prompriy and f~l!y peiform, o~scha~ge. execu~e, effect, comp~ete, co~nply w~~h and abide by each and eve~y the stipuiations, agreemeMS,
,.ndit~oni a~d covenari*s ~n s.:~d proR+~ssory ro:e a,~d th's mortya3e set 4orth.
9. TFat in ihe cvent the owr.e~ship of tFe mor2gaged prem~ses, or ar.y part th~rcof, becomes vested in a pe•son other than ihe MORTGAGOR, the
:'~RTGAvEE, its succass~~s and ass~gns, may, without r.otite to ~he ~'~ORiGrOR, deat with sv:h successor or wccessor in interest w~tn reference to th~s
~~o•tqage and the d•_nt hereby se.ured in the same inanner as w~Th :'o~tgagor withovt in any way vit:ating or d~scharging the lAcr.gayors' liabd;ity here-
~nder or upon the debt nrreu~ secvr,d. No sa:e of tl,e Frernises hrreby mortgaged and r.o fo~bearan~e on the part of the IdORiGAGEE or its 3vctessors
or ass~~ns and no exte~~s~on of rhe hme for t43e payment of the de6t h~~e~y sew~ed g~~en by the Jl~OR7GAGEE or ;ts successars or ass:g~s, a:~ail oFerate
ro re!ease, d~scharge, mcdify cha::ge or affeu Q~e o-ig:r.al liau:;rty of the h'.ORTGAGOR here~n, either in whole or in part.
10. It is speclficatiy agrred that time is of the esse~ce of th~s comract and that no waiver o1 any o~~:ganon hereunder or of the obligation se-
c~~red hereby sha!~ at any time thereafter be heid to be a wa~var of the terms herecf w of the instrument secu~ed herby.
I 1. In acid t:o- t~ t^~ ior~~c :~q rnonth ? pa~~n ~nts of ,unc pal and interest regu~red by the p~cm;ssery ne'e secured h=reb j, n:ortga~or covenants
d a3r~es to pay +o mc•t~ag•'e v~~'h each r..;n•h Ha~~ .e•~t an acid ri~nal su~n es• n.~ted b/ mo'ty~ga~' to be eq~ai to 1 12 of the ~n,,:_at cost of the fo~iovv-
'3
i
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A-,a;t real ~;ropera~ tax~s a c• asse~s~:? :g:~• s~ t%:c aF~oa~ drsc•~~•. rca~ es!ate.
~ B Pr._~,.~;;~r.s on I~r-• ar~d w~::dsro.•n frs~ra ce :+s ne~c~n i•~qu:*^d to be cz-:~-d o~ the ~m;:roveme~ts situate on th~ above d_scr~k;ed prem,ses.
E _ .
~ C-Prem~u~~'s o~ s~~ch n::.rt~;:ge guaranty ic;u•a~ c? as mo•tgag=e sha~i f:c:•: '::~e to tune drem fit to carry on the loan sccured t:Nreby.
fi !dortg~gee s~:a~l '.•om r~~ne to t~-e nc:~f; ~::c.tyagcr .n v.r~t;eg of the a•:o_~t d~e and payable hereundrr and sucf~ w~~~ shail ti~ercupon be due and
t , a,ablc on the cf~e d.~'e Ot th~ rc.r :~,ontn..~ ~;.~~•„cnt and exh SuCC?SS~~B '1'G'1:F ti~rreafrer ur,til mcrtg3gee shaH not:fy mo-t~agor of a change in su:h
's ;unt. S~ch s:,~rs sre.i ue ap,^• i~d t~y n~C~rqj~:e ro:.ard thF par~rent of rea: rrcperty taxes, insurance prem,ums, and rror.gagr gua~anty msurarce
~ emivms.
; It` l'~ITPJESS :'.H.2 OF, the ad N1 TG~GOR has hereur~ro set h+s hand and scal the day a~d~ ~ first ~for sa . ~ (seal)
F ig a; a ~liv p se^. of:
~ - ~Seat)
a ~ a/ ~-t67~. !$eal)
~
~ __y~~~~~' y~ (Seal)
r Sea~)
~ ' ? ~ S2di y
~ S~i.TE OF FLORIDA 1
~t . :,L'C 1~ t SS'
CJU:JTY OF ~
~ Before e r onally~ppe~,red 1i~' ~^a'~F~~n and Bonit3 ti . ;BIT'iPson, his i~1i'
@ and Ho1rT3~ Cj
:~:pson a:~~ ~e~~n ,a^~pscii,~is w~. e ar, ...-r~~ rson . :;ampson an ris , . a:~~so~
his wife, to me well know an known to me to be
rhe ind:vidua;s described in and who exec~ted the foregoing instrument, and acknowled ed bef rg me that t^ey ezetuted the sa e for th purposes
~ d Bonita G. ~ampson :life of the sai~ :Jil~liam F. .~ampson and ~elen ~ ;~Pson
3 -~.s`1~A~~g,~~Z~ 7¢ ~~~n~dSaltTHOW~3*C~ ~ar~pson aT] 2'23 ,aripSCTl k-_° O_ e • • •
,~~fe of the sa~d - ~ - upon a separate and private
e,am~nat~on by me taken sepa~a~e and apart frem~her said husbandi acknovvledged to and before me that ~~executed said instr~inent freeiy and vo~un-
t~r+~y and w~thovt any comp~!sion, tonsrra~ro, a,r,prehens:on, or fear of ot from~~[~;i~husbanc~i.
Y ~
ir~ WITNE55 my hand and oFfida~ seal th~s_- day oI A. D_ 19
~ ' -
Notary P~b:ic in and for th tate of Florida at large
My Commission ~apires: ~ V. 3 O' ? G
- Return Tc:
First federal Sav:n^ys 3 loan Association ~
Of , . F . i
~ Fo.: F~..,~.. Fto~:d3 COR~E~ ,..i• :
g~
IUC~c ~•~11?~AStA. C~ ~ ~
aocEtacuir co~t ~ I , _
- nt Pre ared B J• E• :?o'~'rts~ Jr. CIE~V~P1F1E0~ ~.:.'r~'; _
This Instrume p Y RECOR-
First Federal Savings & Loan A~soci~tion ` 20 ~ _ ,
K'T~1 .
' of Fort Pierce ~ ori3a ~ L~ . • ' :
li A ~ , ~ ~ : ~ -
Cnecked By ~ 2~QE)~~ . _ J
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F = Boo~ 226 ~~f 22 ~73 . _ ~ . .
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