HomeMy WebLinkAbout2746 To place and co~tinuoualy keep on ~he bu~'d~ngs ~~ow o~ hrreafte~ ~ituate on ta~d ~a~d and on ali equ~~xnent and pc~wnally covered by this matg~
ege, with all premiums thrreon pa~d in Fvll, f~re insu~encc ~n the us~al s~s~xie~J p~~~cY form, i• a~um approved by the MGR(GAGEE, and w~nd~tam _
ins~~ranc~ in Ihe u~wl s~andard po!:cY form, in a su:n approrrd by the N~ORTGAGEE, in wch company o~ com~an~as as the MORiGAGEE may
d~rec?; end all iir~ and w~rxlstorm inwrance poliuea on any ol aaid lwuti~ngs. ~ny in~e~es1 tharrin or put Ihrreot, in Ihe agyregate sum aforesaid a
ir, excess thereof, sha~l cOnta~n tl~e usual standard mor~gagae tiauH a such o~he~ c'uu~s ~s ~he Mort9~gee may requu~, maMiny N~a loss u~da sr~d po~i-
c e~, each snd every, payabia to said MORiGA~3EE as ~q iMerest may appear, a~d each and avery such po:~cy shatl be pranp~~Y +ss gnrd and de~ivered ro ~
any hetd by sa~d A10R1GAGEE ss (urthe~ seturity 1o sa~d mo~tya9e deb~. +~~d. no~ ies~ tAan ten (101 days in advance oi ihe eapira~~o~ ol each pol~cy, ~o dr
~~ver ~o said MORTGAGfE a ~enewal thereof, toge~her wi~h a rece~p~ fa~ P~emluni of such renewal; and there shall be no f'ue or windstorm insuranc~
placed on any of s~id buildings, +ny interest therein or pa~~ thereof, unsrss ~n +I~e fo~~n and w~th the losa payable as afwesaid; and in the eYen1 any sum
ef n~oney becomes paYabtr ~nder such pol3cy o~ po~~ues seid MORTGAGEE shall have rhe op~~on ~o receiva and apply the s+me o~ aaWnt oi the indabted~
nrss secured hercby or ~o permit said MORTGAGORS ~o reteive and use it ot a~~y pa~~ ~r,creof !o: otii_r purposes, v.i~ho~t th_~cu~ w:.wi•~3 c~ unpair-
~ng any equ~ty. I~en or r~gFt under a by virtue of thii mo-!gage; and in the eve~~ sa~d MORTGAGORS shall fa any reawn faif to keep ~he sa~d p~emises so
~m~rrd, or fail to deliver pranpNy +ny of said poGcies of insurance to sa~d MORTGAGEE, or fail promp~ly ro pay ~u1Sy any premium therefw or in any .
res~ect (ait to perform, d~scharge, execute, eFfect, canpiele, conply wiih a~ ab:de by +h~s co~e~+aa~, w any par~ hereof, satd MORiGAGEE may p~ace a~d
for such insurante ot any part thereof without waiving w aliec?ing any opn~, lien, cquity, or righi undd a by virrue of thi~ Mortgage, and tht .
f~'t ama~nt of each and every such paymero shall be ~mnudiately due and payable and shall baar interes? (rom the date ~hereol uo~il pa~d at the rate ol~
~ per centum pe~ annum and regr~her ~nith such u112fCif SF13II be src~~ed hy the Gen of thls mortgage.
To pe~mit, commit w suffar ro waste, impairment ~r dcterioration of said p~operry w any part thereof. ~
5. To pay all and singula~ 1he coses, charges and expenaes, inc~uding a reaso~:able attorney's fee and cosrs of sbstrsds oi title. ~~curred w pa~d at ;
time by said MORiGAG:E, because or in the event of thr fa+iure o~ the pmt of the s~id MORiGAGOR to duiy, promptly and fully perfwm, ducharge. ~
~x~~cufe, efiect, complete, comply w~th and ab.de by each and every the s~~pulat;ont, agrcaments, cond~nons, and covenanrs of ssid promissory ~ote and ~hii
,;.,r~gage any or either, and sa~d costs, chargrs and expensea, each aod every, sha~l !x immrdiatdy due and payable; whe~he? p not the~e be no~ice da
r.,and, attempt fo Coliett or suit pend.ng; and ~he (ull a~nount oi each and every such paymenf shali bea~ interest from the date thereot until psid d the
nine per cant~m per annu:n; and a:; sald «
an, cha~ges and ~x~xnscs ~rxurred or paid, iagether w~th such iNerest, shall be secured by the Iien of thit
mortgage.
b. That (a? in the event of any breach of this Mo:tgage or defau:l on the ~+ar1 of the MORTGAGOR, or (b) in the event sny of ssid i~ms of money
herein referred to be not prompt;y and futly paid wnhin th.rty (3U) da~s neat a~trr rhe same severai+y l~ecome due and payabte, without demand or notice.
or iq in tbe event each and every ehe stipu~atio~~s, agreements, condiho~s and covert~nts of sa d promiswry note and th~s mortgsge any w eithet are nol
i.;'y, prompNy and ~u11y perfosmed, J scharged, eaeo~ted, e+~ected, compieted, co:TT;~i:ed v.i~h and ab~ded 5y, then in either or any such event the sa~d ag
a egate sum mentioned in said promisnwy note then remaimng unpaid, wiih ITIiC~C51 accrurd, and aU moneys secured hereby, shall become due and pay-
ac e for~hwith, or ?hereaher, at the opt~on oi sa:d MORiGAGEE, as t~iiy ar.d co~p!etc~y as il a~l of the soid wms of money were w~g~~ally stlpulated
be pa~d on such day, anything in sa:d prom~sae:y note or in ~h~s Mwtga~e to the convary ~o:~rlthsrand~ng; and the~eupon o~ therea~tcv at the option of
s~,:i MORTGAGEE, w~~heut nohce or demand, s~it at law w in eqwty, the~efore o- the~ral~er begun, may be prosecuted as if sll moneys secured hereby
r_d matured pr~or to As inslitui~on.
7. That in the event rhat at tlx beg~nn~iig of o? at any time pend;ng any :u~t opon shis Mortgage, w fo toreclose it, o~ tQ_reform i1, w fo e+~force
~~,~,ent of any daims he~eundrr, said .Y.GRTGAG:t shai! appfy to the Cou~t h~~~~•g ;~r~id:ct:on thereot fw the appointment of s Receiver, such Court shall
_:•n,vith aHpo~nt a recei~er of sa+d matgag_d p•op..rty atl and singulat, i~x[uJ nq a~i a~ d a~ng~far H~e irttome, pro4its, isSues and revenuei ~rpm whatever
e drrived, each and every of wh:ch, rt~~ny e+press!y ~nderstvod, is he:_c; ~rcr:g~:ged as if spet~i~cally set fO~th and desCribed in the grooting ar.d
. e~dum clauses hereaf; xred such Receiver shall have all the broad and effecnve fc~:r. ons and powe~s in anywise emrusted by s Court to a. Receiver, and
.-.ch zppointme~ii shall be made by s~ch Court as an admitted equ~:y and a maf!er ct a;.•sotutr ri9ht to said MORTGAGEE, and withouf reference to 1he
a.,~r~ or inadequacy of the vaive of the prcpera~ mo+tgaged or to the ao.vency or ~~~_o:vency of said MORiGAGOR or the defandants, and that such
,~rs, profi's, income, iswes arxi rever,ues shall be appi~ed by s~cn Recrivec ac.ara.:~g to the lien w equity of said MORiGAGEE and lhe practice o! such
C~~rt.
8. To dvfy, premptty and fuily pe~fo~m, drscharge, executr, eiFect, cc,^p!ete, ce^,P!i with and abide by each and evety the stipulations, agreemeots,
_•;~!ricns and cuvrnants m sa~o promissory notc a:~d th~s morrgage srt fo~th.
9. That in she event the owr.e.sh;p af th° mortga^yed premaes, or anv part ?n•,recf, becomes vested in a perwn other than the MORTGAGOR, the
:_'R?G:~GEE, its successers and ass~~ns..may, w~:fiou+ r:o~ice ~o thp V.ORTG~OR, deai with such successot or successor in iMerest with reference to thia
~•yage and the d:b~ hereby setured in the same rtianna~ at with htortgagor w:thout in arty way viteating w discharging the Mortgagors' liability he~t
r or vpon ~he debt hereby secwed No sa'e uf the prenvses hereby mortgay~d ar.d no forbearanee on the part of the MORiGAGfE or its successws
: Jass gns and r.o eater:siun o! the tm:e ior the payment of the drbr heret,y secu+ed g~ven by the MORTGAGEE or ih successws or assigns, shall operate
~ re ease, d~scharge, mo.iify change or aiiect tne orig~~af liab:;~ty of ~he MOkIGAGOR turein, either in whole or in parl•
10_ It is spec~ficatly agreed ~hat t~me +s of the essence of this co:i~ract and that no waiver of any ob~igation hereuoder or of the obl'gation se-
,_•~d ha:eoy sha1~ at any time thcreafter be ht:d to be a v:mie; of the tenrs herecf w of the instrument secured herby.
1 T. tn a~d t.o~ to ihe ic~ege ~~g : ~r~t~,~w*^r,es of p:6n: pal and 6.+crest r~q~~-ed by the p~wn~ssory nore srcured hereb~, mortgagor eorenams
,;•ees ro pay to mo:~g3gee .n~~Keach n,on~h~y pay~:,ent are add,r~onaf sum es!emated by mo~tgagee to be equal to 1;~12 of the annual cost of the follow-
A-AI! ~eal property taxn lev~ed or asse::~d ag+~•~st tnc ahove desc~ibed reai estate.
c Frcc:~;,~^s on f~re and .+~nos~orrt: ~nsura~ ce as i~e+.-:m rcao:.ed to be ca:nc~ cr. ~he Em;.roveme~ts sitwte on the above desuibed premises. `
' C-Pre~n~vms on ;uch mo.tgage g:;a~a•,ry ~nsv*ance as rne•tyagee shall fro~: f'me ro i~me deem fit to carry on the loan secured hereksy. f
l
~ htortgagee sha'~! from nme to T~:*.e ~or~4y mottya70f m wrtir.3 of the a~~ou~t due and payable hereunder and such sum shall thereupon be due and ~
i .~h'e on the due eate of tn> next :no^'hiy aaymL~~t and each s~_cess~ve mor.!h thcreaft•~r until morigagee shall notify mortgagor of a change in such i
j ~ t. Sucfi sums sha:l be app:~rd by mertgagee to,n.a:d the payment of real property taxes, insurance prem:ums, and morfgage guaranty insurante f
~ ~r+s.
~ ly \YtTNESS :rHEREOf, the sa;d 1~lORTGAGOR has hereunto set his hand and seal the day a~d year st afwesaid. `
$;gned, Sealed and detirered in the p?esence of: ~xt~ S~VV~DfO `
f IL£U , ~ „ ' aq
ST. LUC~C ..Lu!1TY fL~. E i •q
NOC: * , ,~SRAS
CLEF~ : ;:T COURT (Sesq
, - F`r-~'•~ '"'~i i Shirl L. tiendr ick ~~q
- ,~w 1~ ~ oi PM'1'~
: i E OF FLORIDA
SS. ~
- ~'~TY OF _ SL ._LuCle 1
Befwe me personal{y aP~a~ed Charles .E }iendrick a^d
5hirley L liendr ick his wi~e, to me well known and knov~n to me fo be
_;n:!ivid~als described in arxl who executed the fwegoing instrument, and acknow~edged before erse that tfiey executed the sartx fw tbe purpoxs
_•e:n expressed. And the said~~r1eY L Hendrick
_ ."e of thr said Char le s E. Hendr ick vpon a separatt snd private
~~•,,,,nat~on by me taken sepa~ate and apa~t from her said husband, acknowledged to and before me that she executed said instrument freely and volun-
~ and w~thout any compv~s"ron, co~straint, apprehensi n, or fea. of or from her said husbsnd.
WIihESS my hand and off~c;al seal th~s~~ - day of '~un , A- ~974
.
~ •
~
- Notary Public in arsd for the SS of Fbr:d targe
~ My Commissiw~ expires: `,~r~„A~+
7
Retum To: , -
F~rst Fed~ral Savings b loan Associat:on {~j~~j. ,•.i .
~ Of Fort Pe;eP. r~"'"•~~~'~e'~Y~:,~
Port Pierce. Flor'sda v.`~. ~
• : . ,i
, - v t~' - ~
y•~' J.` ~,~;0 '
This Instrument Prepared By ~ohn t4. Collins - 1'• f~""-' 4-'.-
- First Federal Savings 8 loan Association ~ - o U~ L ~:.~i
Y of Fort Pierce , F lor i da ic•
,-.,~~~'~~F~Gry,.`:
Checked By ,~~~~~~rtr:~~.~..
~ -
~ _ ao~228 ~2741
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