HomeMy WebLinkAbout1187 3. To plx~ and cominuously kcap on 1:~e b.++id~•.gs :~ow d he~e./f;sr s~~uele o~ s.+;d lu~d u~d w+ al! cquip:~:an1 and p~.so,ally cove•ed by ~h~f morro-
eg~. wi~h ~II prcnuvms ~hcrcon F~;d ~n tul1, I~re ~.:i.~rence ~hs V~~~I afende~d ~w'~q fo~m, in • sum ~ppro.~d br ~~+t MOR~~;:+GEE. snd ww~torm `
:ns~ru~ce io ~M uswl standard po~•cy Iwm, in s wm a~,prored by ~he MORiGaGfE, in wch con+pany o~ ca„pan~~s ~s tM MORTGAGEE may
d~rrctp and all iire and w~ods~o~m inwranc~ potK~e~ w? ~ny oi s~~d b.iild~~ys, ~ny uuere~~ ~he~e~n ot par~ ther~of, io ~M ay~grcqa~~ wm ~Iprssaid w
in eacNS thtreo(, sMll con~ain ~M usvat s+andard mw~yagea ciause or such oN~ ct~use as th~ Mor~y~yee may ~pu.r~. m+?K?p the +oss u~x1a ta~d i~~ r
c,es, each and everY. payab:e w sad A1JR+3AGEE .s ~ts in:c:~st a;.pcar, a^d ra;h a+,d eve•y +uch ~w:icy st~all i~. p~o~r~p:~r aasg~ed and de~~ve~ed ~o
eny held by sa~d b10RTGAGfE es furiher xcu~~M ~a u~d r*•w~gags drbt. and, not !asi ~?wn ten (t0) days i~* adva.ue o( ~ha exp~~+~~ of ex6 policy. 1o d~-
I~~e~ to said h10QTGAt3EE a re.xwal thereof, toge~hcr vt~th a rtceipt for the pr~~~~m ot such r~nrv.al: and thr~e shal! tH no i~re w w~~~dt~am insw~~t~
p~eccd on any of sa~d b~i1d..~gs, any interesl Ihwei~? w p+r? ihzreof, unis~s ~n ri~t io~m a~x! w~~h ~he :ass payablt as afwesaid; a~d ir the e~en1 any wm
oi money bccomes payabie undx such policy o~ pol~cws sa~d MtNtiGAGEE ahall have ~he op~~or? ~o receiw and ~pp:y ~M ~sme on ~ccoum of ~he indabtad~ ,
nrss secured hereby o~ ro F:e~~~~ii sa~d MORfGAGORS ~o rec~~ve and us~ it or •nY p..r~ thr:~•oi ior ot~~er Hur}•ases, .•n~ho~t ~h~n.~r w.:~+~•~~ ~mpa.r t
+~g any cqvity, lien a r~ght unde~ or by virtuw al th~s ma'9+ye; and in the evene sa:d MORTGAGO~S sha~~ fw any raawn is;l to kaep the said prem~srs so ~
~nwred, u fail fo de!~~e~ promptly any ot sn~d pol;ues of in~w~nce ~o said AtOR1GAGEE, or fad promp:ly fo pay ful:y ~~y pre~~ium therefa w 1n a~y
rr~prcl iail ro pcvEam, d~scharge, rxccutr, e(~e:b canp:~~r, co~nply wi~h and ab~de by ~h:f covena=v, w a~y Wr1 I+ereoi, said MORiGAGfE ~++ay pj+~e +~d :
pay tw such inau~ance w any pa~t the~eof w~~hou~ waiv~+g w afiect~~xJ any op~~un, lien, equ~ty, w r~ght u~dar w by virew of ~h~s Alw~ga~e. a+d the i
i~'.I amoum of each and e~~iy s~ch paymene ah~11 be in;mcdiateiy d~~e and payable afxl shall besr ~msres~ from the date thercof u~ui{ pe+d a~ the ur~ ol
~~•:r per crowm per snnum a~~d ~03.:1,er .~1rh svch ~.~:a=enr slu~i tx srcu:ed by thc S~rn ot this mwt9~9e• i
1. To pem•it, commit or su(fcr no waste, im{»'umcnt a detrr:orof:o~~ ot sa~d 4roEx.ty w a~y pa~t thereof.
S. To pay all and singulsr tke cosn, cM.gcs and e~pe~srs, ~~clud~ng a~easonable stta~y'~ fee and costs of abstrads o~ title, incuned w ps~d
,ny ti~ne by s.+~d MORIGAG:E, becouse o~ in ~he cvent of tns ia.wre on the part oi ~he said 1KURTGE?GOR to duly, p.anptlY and fuUy pe~(orm, d~uhar9e.
:.~o,•e. efkct. caopk~e. comply w~th and ab:~k by es:h and every thr st~~w!ac~ons. d9~ftTCn1~ co~itions, and tuvtn~nn of fad prom~ssory note and ~hii t
,~~r~gaga any or e~rhe~. and sa:d coaf:. cMsg~i a~d rxp.~nses, each and arery. shrl ba imm~~dialely due and pavab:~: whethm o? no~ there b~ nonca d+
~~,and. atte,npt w collect or suit pe~~d~~~g; and the tutt a~no~nt of eech and eY~r~ svch peymcro shall bear imeros~ irom ~h~ date tF+ereot urt~il paid at the
. o~ n+~ie pet ccnt~m Fxr an~,u.n; a:~d a~i sa~d cos~s, cha~gea i:~d .c;:.~:s_s ~ncv~red w p~~d, together w~th auth inte+~st, sMll be secured by tF?e lien o1 thif
m or f g.~ge.
6- Tha~ in the e+ent of any 6resc!~ o( lhis N.o.tgage or drfev'~ on ti+e pa.t of the MORTGAGOR, w(b? 7n 1he event sny of said s~ms of monty
herein referra~ ~o be r+ot pranptly arxf lutly pa~d w.~hu~ th~r~y (3l3) days nexf a~rer che sen~e severa:ty become due and payabk, withou~ demand w notitc,
cf in the event each and eYery ~he stipv:a~~ons. agreementt, condd~or.a an~ coven+nn of sa.d prom~swty nore and th~s mat9age a~y o~ either are no1
proinpdy antl f~ily ~rformed, dsch.+~g~,d, eae:~'ed, eftec!rd, coa~p:e•ed, co:nNiied xah and ae~:f.rd 5y, then in euha or ar.y such evem ~he said ag
~ate sw~ memwned in sard pro~n:sso~y nc~e rhen rema~ni~~g vnp:~d, w~M ~«re~c.~ .xc ued, and a:l moneys securad hereby, shaii becw:~e due and pay~
eo ,(orthwith, w thereafter, at the opr;on a4 sa:d I~~OQTJAJEF, JS tulty and comp:etrly ai i( all of ~he sa~d sums of money were 8~ig~naJ~y tupulated .
h~ pa:d on such d.:~, anythlnq in sa.d prom~ssory ~wre or in thls 1~1w~ge~» to ~he ca~~rary nor,n•i~hstand~~ig: and therevpon w thcreaher at Ihe option of
~i !,',ORTGAGEE, w~shovt ron<r er dema+:d, s~~t at Iaw or ~n equ~ty, therefvre or ~t:cvrairer beg~n, may be {uoxcuted as if all moneys secured herebY
r.~d ma~ured pnOt 10 ~tS instiW!~On.
T, ihat in ~he cveot ~hat a~ ~he beyion ng of or any ri~~~e per~ding any su~~ upon eh~s Morfgage, ar to foreclou it, o? to refwm it, p to enfo~ce
;:,;~,ent of any c:a~ ns herour~d~r, sa~d :tOFtGAGEE a'+a:i appP~ eo rhe Court t~e..ng ~u~~_dict~o~ thereof fo: the ~ppo~ntmeM of a Recr~~rer, such Court shall
r~.•.Irh apFant ~ rcce~.er o! sa'd ^o•tya~_~d F:c~_~ty a~: aad s:r.gu!ar, ~r.uvo,~g a„d ~~nyu~ar the incomt, p~of~ts, iswes and reve~ues from whatever
c_ _-.e d~r~vrd, rach and every oi w~i.cn. u t;~-•ng _~V:esvy ~nde~sr~od. u te~r~•i r~oiryaged as if sReuiitally set (orth and desuibed in the 9ronting and
h.,~•endum cfanes F.erwf, and wch R.u:~.~er si:a:~ h~.: a!: the t~~oed and etiec~•ve fu^ctons a.d powe~s in anywiu entrwred by s Cour1 Io s Resai~er, and
s. 3Hpuint,nant sF.a:: !x ~s.ad•~ oy su:fi Co.:~: as ar. ad n~rred cq~if~ ard a n:erie* of a!noluta rgM to sa:d MORTGAGEE, and without referente to the
i yu;cy o~ inad~quacy of ihe vaiue oF thr proper~y mortgoqrd er to che savczcy o~ ~nso:vency oi sa~d N10RiG~1CbOR w!he deFendants, and th:t sexh ~
~•s proiin, incanr, issves and re.enues shaH be app:~ed b~ s~ch Rece~ver eccord:~.g ~o the lien a eyuity of u~d MORiGAGEE and Ihe prattite of suth
..CJ.'1_
B. To du'y, p~om~t:y and fully perfor~i, d~s:ha~gr, e,crcute, effec~, co~r.plete, co,T,u~y w:ih and ab'~de by each ~nd every the stipulations, agrecments,
, d:!:ens and cavenants m s~~d promisswy note ar.d this m~rtgage set forth. ~
9. :hat in tlu eve~t the ownership of tF.e mortgaged prem~ses, a any part fhereof. becanes vested in a perwn othe+ than the MORTGAGOR, the
~"3TGAGEE, its sva.-sso-s ar.d au~3ns, may, w ~no~: nofice to rhe :80RiG.~OR, deal vn~h wch successo? w successor in inte~est with ~e(erence to this
:+~ngc and t!~e dabt F.c+eby <ecured in the sa~ne n:an~et as with l.lortgego. w~thaut in any way vitiating or d~xhafging the Mortgagots' liability here-
.,r or vpon the drbt here:~y sccured. ho sa;e of ef:e Fre•~~~ses he~eby ~natgagrd and no io:bearance on the part oF tFK IdORi'vAGEE w ib suttessors
_'~~s:gns and no ra:ens~on of rhe ~~me lor the payRxn: of the debt Fr_r.•!,y securec! given by the lJ10RTGAGEE or its successus or ass:gna, a~»II o~xrate
.o re case, d:uharge, mod~fy chan9e or aflect the a~gmai i~ab:::ry o; the M.ORIGAGOR here~n, either in whole « in put.
10. It is spec ~i:atiy ag.eed ~hat t~me is of the esser~cr uf th:s convact and that no waivN of ony obi~gat~on hereunder or o~ the obligation se-
_~•ed h.-reby sha?t a! aay t~-.:e u~crraf!e: b~ h_id to be a+veiver of the terms hereof er of the instrurr,ent securee+, herby_
il. In a9:i ~.o~ 'o t~~c iprgo: ;.,o~.`.':~ ~;.;y^'_ms ot ;~.c ~:a; ard ~~.z+cs• .eq:::~~3 by the p+om,ssery no~a setvred hereb/. +nortga~~t eovenants
_:i .:greres to pap to r:c.•:s ~gec ~•h r.,th n ~n•i~ ~:,a,, .ent an ; r:d :•,a s~*^ ;•ed b~ mortgagee to be eqvat to 1/ 12 of tiK an .ual :os1 of the follow-
A--Aii reat prope~ty la~2s ien_c'. or q~sesa_~ci eg-a~•+s~ tF., aoove descnb•:d r_ai es!ate_
g--P:.~= ,.~:•s e:+ arJ a~:~ds~o::n :.^.scr,: 3z S~e•.-~r. n-q;,:rc~ to b•• ca~ n. en :h.: !m~.;tovemC.l!! s;tuate ws the above d'scrfbed premises.
C-Pre~. :::rs o~ s_~tn ~~cr.3:.ge qvare^iy ~cnu•y~ c_.,s :::o•tuagee sha;l fr;,-r .-.e !o :i•ne deem fil to carry on the loan secured hereby_
.tatywze `~=•m t~n-e r~r:e no'if: rr~:y~~cr ~n v.r;t~r.g o1 the a--.o.;^t 3:;c a.^.d payabie her~undar nnd sw_h sum sha!1 lhereupon be dve snd
z~ o~ thr due ci~~e of ~n~ rt-w1 ^:Ontn:~ ::3y:rN't aod e.}ch 5'~CC~SSivC rcrrh rne.eafier uc~li mwtgagee shall oonfy mortgagor of a change in such
.;,r-t. Sucn sums sHa;i be ep~ ~icd Dy ^~orsga~•:e ro+~a~3 ihe pa•~:*:e~* of real prcperty 'axes, ins~rancr prern:ums, a~td rtwrtgage guaraMy iruurance
~ _ . ~T.s.
iN WiT`:EaS '.1'NEkiOf, the sa d N,OQiGA:~OR has he~e~aro se' his har.d and scei the day and year fi~st aforesaid. ~J
Signed, Sealeci and dellv `ed in the prrsence of: • / ~
~ ?.7 C/dv'r an
Cec 1 . son , ,
- - . . ~
~ - 5charl e J: Jobsw~ ~
rs~,q ~
- - - ~
. [E CF FLC2IDA ~ . . - f
55_
' '~~•.iTY OF - - - - ~
Before rtx pe~sona~iy appcarod _ C~Cll B .IObSm ~nd
S~harlie .1~ Jobson his wife, to me well known and known to me fo be
~;ndividva!s desu~bed i~ arrJ who executed the foregoing instrvment, and acknowledged befwe me tlut they executed the same for the purposes
~ ~xa~,ea. a,d r~~ :a;a-_ Scharlie J. Jobson i
~c of +he sa~d _ CBCil JO~fOI1 _ - - upon a sepsrafs ard privste
+~~at~on by me rake~ separate and apart irom her said husband, ackr-owledged to a~d before me that she executed said instrurtxnt freely and volw~-
and wrthout any computsion, constraint, epprehens:on, or fear of or from her said husb+nd.
O~L4-. June ~ a o. ~9 74
W(TNESS my hand and offit~al seal th~s_ day of
/,1A1 ' _ c*~,,-,~ t' ' .0 ArlAtbf i
~
- N~y ~ld:~os r .Nr+6~~101Qt~ s• 9,,'••s , _
' My Ccmmiuion expires: ' ' r ~ ' . i~j ~ ; ~
~ Reru~n To: ~ j~' ; ' -
cse Federal Savings a Lorn Associat:on ~Q~~~ .~jr;~'~~ • n - ~
~rv • O ~ . •
Of Fort P:c~ce. ;~-S,~ -~F~' Q ~ ; }
: `
Foit Pierce, fiorid~ i-;~a:~ ~ ~ •
V...
FILED AliU kE.r.ORDEO ~ . Q ~~'E~,O;;
ST.lUC1E CO!lMtY FLA. , •,y~~r'r~~} ~ ~4 -
P.O~i° ?~1TRA5
Thi; Instrument Prepared By J~ H. Roberts Jr. CIERK_ ~.~r•~~31T COURT ~ ~ •
First Federa! Savings & loan Associat~on RECQP~ ~~~'~'E~`~- +
of Fort Pierce s FloYi¢a 33450 ~
~ « 48 ~'T~
Checked By ~ ~~1U1( ~~9 PAG~'.~V~
~ r' dZ
" - ~ ~ - - - - - ~ Y,~-~=
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