HomeMy WebLinkAbout2831 To place and continuovsiy keep on +he bu~ d~ngs now o~ he~eafrtr titwt~ on saKi I~nd and on all equ~pm~nt +nd pt?sonalty covered by thii mort¢ -
ege. with al) prcmiums the~eon pa:d in (~il, fire ~nsurance ~n ~M vsua{ ssanda~d pei~tY fam, io a sum app~oved by ths MORIGiGEE, a~d wuxlstwm
~nsuranc~ in the usw~ irandard po~~cY fwm, in a sum ~ppovrd by ~ha MORTGAGfE, in wch compsnY or cw^W^~K u the NWRiGAGEE may
d~ract; and all firt and w:i+ds~orrn inswanc~ poticies on any ol said build,nys, any inter~st ther~~n w p+rt ~F+r~eof, in tM a~r~pat~ wm afw~said or
in exce~s ~hrreof. sh.+ll con~ain ~h~ usual ua~derd ma~9~9~v clavie o~ ~uch o~hs~ clsus~ as ~M Mat9age~ m+y requu~. ma?u+p tM loss under sa~d po1F
c~e~, each and r~ay, p+y~bk w wid A10RTGAGEE as ~u ~nte~cst may appear, and each and e~~ery such po~~cy shail be p~omp~~Y +ssg~ed and dea~ve~ed to
eny hcld by sa~d MORTGAGEE as (uttht~ sKuritY ~o ~a~d mor~~sye dtbt, and, r+ot !cu fhan fen (10) days a+ advance o( iht ~xp'uat~on of exh po:~ty, to dr
t:.-er to a~id MORTGAGEE ~ renrwal theraof, toge~her w~~h • rece~p~ fw the p~e.n~um of auch renew~l; and ~he« thall bc no f'ue a windi~orm inswanc~ i
placed on any of sa~d bu~ld~og~, any in?e.es~ ~he.e:n w pa.t ~herraf, vnkss ~n ihr form end w~~h she tou payabl~ as afaesaid: and in the •va+~ any ium _
of money becanes p+Yable ~r+de~ such policY o~ pol.cies said MORTGAGEE shell havc ~he optwn to rec.sive and ~ppty IM sune oo accounl of th~ ir~bted-
ness secured hereby or to permit said NIORTGAGORS ro rtte~ve and us~ i1 or enY Par~ thtrtol 1~. otncr pur~waes. .vi~ho~? th.~ro/ .va~~u~~ o~ enpau- j
~ng any equ~ty, lian or r~ght undcr or by virtur of th~s mo:'9age; and in the ev,'m sa~d MORTCs.~GORS sAatl fw any reason fail to kcep ~hs sa~d {xanlsrs so l
~:u~red, or (ail ro deGver promptly any ol sa~d poLurs of in~urance to sa~d MORTGAGEE, w iail prompdy to pay futly aoy p*e~nium tFxrefo~ w in u+y
rrsprct fail to paFwm, d~uhe~gq eaecute, effe;t, ca~~ple~r, co:~ep~y w~~h a~x! ab~de by th~s covenan~, a+~Y P++~ ~~~f, said MORiGAGEE may p~ace a~~d
pay for such insurance or any part thereof w~~hout warv~nq a affecfi~g any oNi~on, tien, eqwty, or r~9ht under a b~ virtue of ~his Mo~~gage. and tht
f, ~i a~noum of each aod sray such paymenr sha71 be ~~nad~etety d:,e and payab~r and shafl bear ~n~erest from the date thereof umil paid at the rate ol
,:.e p•:r cenwm p!r annwn and to~~iner ~.~fh s~.h inte~rst shii. nr s~•currd by ihe Gen o~ this nwrtyage. _
J. To permit, commit w~uffe~ no waaic, impa~rmenr o~ det~~~ora~:on of sa~d prope~ty or any put tl+ereof.
5. To pay all a~d singular ~he custs, charges a~d eapN+ses. ~nctud.ng a rewsw~able anorncy's fee ~nd cosrs of sbstruts of titk. incv~red w p~id at
t~me by so~d AtORTGAGEE, betavse ot in ~he cvtn~ of U~a (o~iurr on the p.+rt of ~he seid MORTGAGOR to duty, prompNY ~nd fuUy perfwm, d~schsrgq
~.._c~f~. effcct, complefe. canply wrth and ab.ck by ea:h and eveiy ~he supvtat~ona. agreements, co~ditions, and covenan~s of said pranissory note and ~hy
„~••gage any o~ e~iher. and sad coata, chs.ges and capenses. each and ev~.y, shatl kx inuned~ately dve and payab:e: whe~her or no~ ehere be ~o~ice ds
a~~d, auempt to co~lect w s~it pe~~d,ng; and the fvll a~noun? of each and eve~Y such Payment s~ail bN~ intcrest from the datt thereof unfil paid at the
. o~ n~ne per cen:~m prr an~~wn; an~ art said costs, cFw~grs and cx;~rnsea incurred w paid. together w~th such intereat. sMll b~ secured by tha lien of thif
,c~r~age.
^ 6. That (a) in 1he event of any b~each of this A~ortgage or drfault on the part of thc MORTGAGOR, o~ (t,) in IM ::•Y of ss~d swos ot nqney
~ere~n referred to be not prumptly and fully paid wi~hin ~h~rty (3J) d~ys nexi af~e. the same scveraEiy beca+x due +nd p+y+blt. witAovt dem~nd p notite.
:~;c) ~n the eve~~t each and every the stipu~ations, agrcements, conJ~:~o~s and covenams of sa,d p~o~n~sswy ~ofe +~d th:s matgage a~y w e3ther are no1
i,:,. ::*ompdy and lully pr+(ormed, dacharged, e~ecvted, eiiectrd. co~ap!eted, carpl~ed w~th ard ab~ded Sy, then ~n e~~ha or ~^Y svch event the sa~d ag
~~~~3ra wm menuoned in said promisswy note then re+na~nin9 ~nPa~d, with ~ntere,t acuued, and a11 moneys secured hcreby, shall betome due ~nd p~Y-
a:, r iorthwith, or thereafter, at thr opr~o~ of sa~d A10~TGAGfE, as fu~:y a+d :Ompietery a3 if all of d~e sa~d wms of money were org~n+lly s~~puta~ed
ro h~ pa:d on such d:.~. .-.nything ln sa.d prom~ssory note or in ~h~s h!ongage ~o the con~rary notwithsta~ding; and thereupo~? or thereaftsr at the op~ion of
s 3 d h50RTGAGEE, w~thout nonce w drma~d, s~i? at :aw o? in equ~ty, tlkeefore o~ fhereaiter beguo, may be p~as~c~ted as if all mooeys secu~ed hereby
r..d merured pnw lo its instituhon.
7_ TF.ar in ~he evenr ~i:at at f!K beg~~n~ng of or a+ any ~~++~e pend:ng any su~t upoo th:s Mortgege, or to foreclose it, a to reform _it, a to enfo.ce '
;:,~ne~t of any ciaims hertu~w'_r. said t.'ORTGAGct s~all apply to ~he Court har6~g ;ur~:d~aton :hereof for the appantment of a Reteiver, such Cour~ shtll
:.••h aFpoint a receiver of sa~d .:urtgayed Eror_'ty a:~ o~.d si,x~utar, inc:.,J.•,g ail and s~n3u:ar the iccome. proiits. issues and revenues from whatever
derivcd, exh and every of ~rh.ch, a l,-i~~r.g .aprrss ~ unde~s!wel, ~s Y.r~eLY mengu~ed as if spK~fica~ly SN ~M~h and ~scri.+ed In ~he 9~a^~~^9 ~n~ y
r•,dum dauses hereof, and such Recerier shal: ha•.e ai1 ihe brcad and effect~ve fur.c!~ons end powers in anyw~se eMrusted by a Cou~t to a Receiver, and ~
s•:•~ appoinrma~t sh~t! be made by such Cou~t as an ad:++i!trc! cqv~sy and a~natter of absojute r~ght to said MORTGAGEE, ~nd withovl rcference to the
,..ecy o~ inadrquacy oi ~he val~,e of the properry rr.oregoged or to ~he s~.~r~cy or =oso:Yency of sa~d MORTGAGOR a the defenda~ts, and that sueh
~s p~ofits, iocome, issues and revenves sha11 be appi~zd by such Receive~ accorci~=x~ ~o the lim w equity ot ssid MORTGAGEE and the p~auke of wch
Cc.,rt.
8. To Ju~y, promptly and ful~y ~rlorm, discha~ge, execute, e~fect, compiete, ccmply with and abide by each and every the stipubtions, agreemenri.
d~+:ens and covenanrs ~n sa~d promiuory note and thls morrgage set iwth. ~
9. That in the event the ownershtp of the mortgaged pre^~:ses. or any part thereof, becomes vested in a person other than the MORTGAGOR, the
: ~RTGAGEt, i!s wccessors ar.d ase~gns. may, w~:hout r.or:ce to ~he B10R7GFOR, deal wish such successw or successd in interes~ wi~h rtference to this i
:•'~~ye and the d°u1 hereby secvred in the same n.anr.er as x+th T:.;~rtgago~ w~thovt in a~y way vitiating or d~xha~ging the Nlo+~gagori liibilify htre-
.:r or ~FOn t1~e d;•hf hereby sec~red. IJo sa`e of the premises hereby ~ne~tgaged ar.d no !wbearante on the part of th~ MORiGAGEE o~ iri succeswn
: „ss:,~ns antl ~~G ex!ertsion oF the ~~~ne for the payme~t of the debt hrreby secured given by t}r_ 1dORiGAGEE or its successora or su~gns, a7w11 operaq
rise, dacha:ge, modiiy cF.angr w affect the o~ig~nal liao~iuy of fhe M.QRiGAGOR herein, either in whole or in put.
10. It is spec~ficatty agreed tha! t~me is of the esxnce of this conuact and that no waiver of sny obl~gation hereunder or of the obl'~gaYqn se-
:~red hcreby sh~,at any time thcreaher tp i:eld to be a wa~+er of the terms hereof or of the instrortxnt secured herby.
11_ In add.f.o : ro the iorc ;c ^:~r.th': _~::s oi pr;r:c ~a~ and intz~es~ reg.,;r.•d by the prom~ssary no~e secured hereby, mwtgagor covenants
•~,g*ces fu ~a~ ro me-~g3gee ~r.::h ra;F ~::;.,•~~'y ;:a~~: e~t an ~dd•~~ona! svm rsc n:a~ed by mo-tgagee to be equai to 1,%12 of the annual cost of the follow-
i
A-A~1 reaf prcper:•r tac~s le:~~~:: or assesscr> >ya;•,s• t!+c a'.:ove oesv~~~d ~eal estate.
~ 8 Prr:~~:,:-s on Fre ard r.ds'c• n;rsvra~':c a; :,•:~•:~n req~:r~d fo F.e ca+:~c~d cn ~he ~m~r~vame~n situate on the above dascribed premises_
C-Prem~ums o~ such mo:t3~~e gw~erry iesurar•ce as mo•~ga_~e shali from r~me +o rime deem fit to carry On the ban seCUred herebY- i
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nlortgagre s~a:i frem ri•re to +,:-.e r.c~~Sr mcrryager v.r~t;ng of the a~r.o.;~+ dve and payable herrundrr and suth surn shall thereupon be due and !
i
I .^~e on the du-r car._ of the next rca~%~:~ pay:.~e~~t a~d cach s~:ces:~.e r..unth thrreafter ur.til mortgagee shall rrotify mortgagw of a change in such
~ et. $uth r~~n: sha:i be appi~ed by n,o•;g~g•_e to~a-d tiw pay~r.ent of real proFerty taxes, inswance prem.ums, and mwtgage guarsnty irtsurance
~ ~~s.
N\VITt~:ESS `::H~REOF, sne sa~d Ati0'RTG:.~R has F~ere~~to xt his hand and:seal the day and year first aforesaid. -
Sig Seal ~d de!~vered in the presence of_ ~"EU ~N~, 'JQ E ' ~
- - ~dt~,,~~t.~ gt: ~uc~t ;,cu~~r , n
~v;•~ ? =~~'RAS ' ll a ounts ,q
,p_ CtEFf i. ~;~L'E~ CBUST ~
~'~1. _ RFc1a~ ~t=~ ?=:E1..,~.~,-•- ~
~ . n ~
- - ~ 9 AM'~~ ~
_ ~;E OF fIORIDA ~ ~ A~yy~~ ~
,!:TY OF $t . Lucie `
Befo~e me persona~+y appeared _ B~LlY Ray Mounts ~nd
F~a ROS~Z3C Mb~^t4 his w71e, to me welt known and known to me to be
_~nd~viduafs described in and who executed the faegoing instrument, and acknowledged befwe me that they executed the same for the purposes
~_-e~n e:presxd. And ~he said B16m1 RoseMaty ~'~O1~fltS
.h °e of ~he ,a~d Billy Rav Mounts vpon a sepstate arx! priwts
r.aron by me taRe~ separate anj apart from her said husband, acknowledged ~o and befwe me that she e:ecuted said instrument freely and volun-
; ar,d w~thovt any com~~sion, consrraint, apprehens1~on' or fear of or frxn her uid husband.
':11ttiE55 my hand and offic~af se~! thEs__ ~a~d[~-- day of___ A D. 19~
~
Notary P li~ in snd for t State f F i,_"~~~ ~
My Commiuion eapirea: / ~y ~ t
f~~~ •.r%1j~~~lfl~~
Return To- ~ - a`
~ • ~ _
F ~st Federal $avin~s d. loan Asixiat~on .s~ ~1 ~~i~~t•;,-
Of Fo~t P.e: ce. ,
J ~sDF.. ~~~~jSY :
~fort Pier~e, F!or~da ~ ~ ^ „ • t., ~ )
s . ~ ` ~ ~ #
'a:
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; .
>>~-f . = -
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This Instrument Prepared By J~ H. RobeZts JIC. I:-~'.';%,~~-j~~'~•
4 `C~ C.
First Federai Savings & Loan Association '
of Fort Pierce ~ FioYida 33450 .,:•.j~ j~'
K~~---- ~'.'`,~''~fu~:, :
Checked By
g00K ~9 PACE~~
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