HomeMy WebLinkAbout1387 To plx~ and continuously keep on tM buildingt ~ow w her~aitM dluah o~ taid I~nd ~r?d on ali cquip~nse+1 ~nd p~?~p++ily covK~d by tlu~ erart¢ .
.g~, wi~h all pr~mivms thsreon pa~d in fu1t, f~n iniur•nc~ 1n ~M u~wl iundud po1Ky Iwm, in a wm approYed by ~h~ MORiGAGEE, and windarum
insvrant~ in tho vawl ~unda~d policy (am, in a wm app?oved by tM MORTGAGEE, i~ wch tanp+ny w tomp~niM ~s tM NWRTGAGEE may
diractj a~d ~11 tin +~d wlndsrorm i~~urancs pNK'as on +ny of i+~d bu'~d„'qs. ~^y ~n~ersst tlxroin w pah the~wf, in tM aQqrp~~~ sum ala~~+id a ~i
fn sxcefs Ihsreof. ~hail contain ~h~ uswf s?andard mor~qapee c1~uH a ~uch other daua~ u tM MatqsyH m~y rpv~n. m+~G+p th~ laas ur~ sad pol4
ciss, sxh +nd ~ve~y. p+Yabl~ to ~aid MORiGAGEE +s its interest may ~ppear. and cach u+d eve.y •uch policy thall be p~omptly us.yned u+d ddivtred to ~
any h~ld by said MORiGAGEE a furtF?K security to s~id matyaq~ debt, and, nW leu thsn ten (10) d~ys in advanc~ of tF?~ ~xpir~tion of e~ch pol~ty, to d~- f`~
I~~er ro a~id MORTGAGEE • ~ernwal thersoF, ~oqethe~ wiih a rac~ipl fw 1M p«~nium oi svch ren~w~1: and ther• ~MII be no fu~ a winditam inwranc~ Y*
ptsc~d on ~ny of wid bvildinys, +ny in~erat fl?K~u+ o+ pn~ lhereof, unleu in ihe form ~nd w~~h tia lou payabl~ as •fuesaid~ u+d in tM event any wm
of nwn~y become~ paYable undN such policy o~ polKies s+id MORTCsAGEE sMll have th~ op~ion ro r~coive and ~pptY tM ~+m~ c^ +aa+^~ of tM Ind~bad- _
nesa wcur~d hereby w ro permit said MORTGAGORS ro rK~iva a~d us~ it a any part thereof fot othcr purposes, ~vilhout thereb/ waiviny w~mpai~-
~nq any pviry, lien w ripht unde~ a by virtv~ of this mortys9e; ~nd i~ tM ~va+t said MORTGAGORS ~hell for ~ny rea~on i~il to keep 1he s+id prea+ises so
ins~red. or tail ro d~liver promptly ~~y ot said policies of iniurance to isid MORTGAGEE. w fail promplly lo pay fulfy ~ny prsmivm thrrefa o+ in sny
respect fail to pKfwen, d~xharge, eaec~% ~t`at, compkte, compty wiih and +b~ck by th~s cove~?ant, a~ny part herwf, said NIQRTGAGEE ~+ay place and
_ur.~ ~s... ..,..:+r_ ar .inht und~r ar bv virtw oi thls Mortppe. ~nd Ihe 1~
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PaY lOr suGn uqW~~te ~r. . ~ ~ ~ ~
f~u amwnt of each aod every ~uch payment shall bo ~~ru++ed~ataly dw and payable and ihall 6ear imeresl from the det~ theraof vmil paid at tM rate o~
nine per te~tum pN ~nnum and togathe~ witA such interost shall be setured by tM tien ot this mortga9e.
To permit, comn+it or wffer no waste, impaumeM o~ dete~iorarion of aaid p?operty ot ~nY Wrt ~ha+pf• ~
5. To pay all ~~d singulr ti+~ cwts, charqes ~nd expenus, includ~n9 s reasonabk attorn~y's fee aod tosts of ~bstracq of titl~. inwrr~d a paid at
eny time by said MORiGAGEE, becavte a in the even! of Ihe faiiure on the part ol the sa~d MORTGAGOR to duly, promprly and f~lly perform, diuh+rgR ;
execute. effett, compt~t~, complY with and ab;de by ~ach ~nd every the stipuiatwns. sg~eements, condi~iau, and_oovenants of iai~ promiuory not~ +nd thi~ s
mer~qage any or either. and uid cosn, charges and expenses. each and every, shall b~ unmediately due snd payable: wheth~r o? not there bs notice de~
mand. ~tr~mpt to colktt w suit pend~ng; ~nd ths fufl artauM of each and every avch payment ~hall bs~r interett fran tM dait thereof until paid tl tM
r,rc o! r.i~a {xr centum pe~ annum; arx! alt said costs, cMryes and expcnses ~ncurred or paid, together w~th such i~terest, shall bt ~etured by the lien of this
mwtyap~.
6, That (s) in ths event of a~y breach of 1hn Mo?tgaqe or default on the part of the MORiGAGOR, or (b) in the eve~t ~ny of said sums of money
herein refarred fo b~ no1 promptly and futly paid within thirry (30) days next afte~ ~he same severalty becoms dw and pay+ble, without d~mand o~ not~ce.
or {c) i~ tha evenl each end every ~he stipulationt, s9reemcnts, conditions and covenams of sa:d promissory nota and this mwtpspe a~y or ~ither an nol
iuly, promPtly a~d tvlly perFwmed, d,uharged, execured, effecred, cor.epkred. compt~ed wifh and abided by, then in eifher a ~ny such event tFw ssid aQ
gregste wm mentioned io s~id promissay note then rema~rting unpaid, witfi inlereu accrued, and all moneys setured hereby, thall become dw +od paY-
abie fwthwith, w tFtltNflM, at the optwn of sald MORTGAGEE, as fu~ly and comp'.etely as if ~II of the said wms of monty wue originally stipulsted
ro be paid on such day, any~hing in sa:d prom~ssory ~ote or in this Mo+tgage to the coro~ary notwithstsnding; ~nd ~he?eupon o~ lhereafte~ at th~ option of
seid MORTGAGEE, without r+orKe w demand, s~it at law a in equity, the~efwe w thereafter begun, may be prosacuted ~s if all moneys sawred hereby
n:d m~tuttd p~WI 10 dt ~oftitutiOn. -
7. That i~ the erent ~hat a~ the beginr+~ng of o~ st any time penu~ng a~y w~t upw+ this Mwtg~ge, or fo iwecbse it, w to ?eform it, or to enfwp
p~yment oi any daims tKre~nder, said MORTGAGEE shs~l spply to the Court hav~ng jur~~d~ct~on thereof for the ~[f~W~11/D!M Of a RKliVt?~ wch Court shaN
fo~fF.with appant a receiver of said nwrtgayed property a!1 and singutar, ir.clud+ny aii a~~d singular tht incans, qai~s~s}ues and /evenues fra^ whatsver
s~.,~ce drrived, eacA aod evtry of whkh, it being expressty unders~ood, is hereby morsgaged af i1 spetifitplly aet fOrth ~nd de3u~bed in 1he y~~Ninp u+d
habendum clauses hereof, and such Receiver shall have all tF~e broad and effect~ve f~r.ct.ons and powers in a~ywise entrustsd by'a CQWf to ~ Rec~ivar, snd
s~ch appointment ahall be made br such Court as an admitted equ~ty snd a rt+atter of absolute rght to said MORTGAGEE, and witbbul ~fsrenc~ to the
adeqvacy or insdequacy of the value of the p?operty mortgaged or to the wrvency o. msolvency of said MORTGAGOR or the defendanfs, snd that such
.en~s, prafits, incane, issues ~nd revenues shall be applied by suth Receiver accwd~ng ~o ~he lien or equity of taid MORTCaAGEE and tF?~ practice of such
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CouA.
8. To duly, p~omptfy and fv~ly perform, discharge, e:ccute, effect, complete, cemply with a~d abids by each ~nd every the stipulations, agreements,
ccnd~taro and covenams in sa~d promissay no~e and ~his mortgage set forth. _ '
9. That in the eveM the ownersh;p of the mortgaged premises, or any part thereof, becomes vested in a person othet thsn the MORTGAGOR, tM
!:.'~.R7GAGEE, i~s s~cceuws ared assigns, may, without not,ca to the MORTGAOR, deal w~th such succeuw or sutcessw in interest wilh referance to thia
~~orfgage and the debt hercby secured in the same ma~mer as wi~h Mortgagw w~+haut in any wsy vitiating or dixharging the Mwtg+gors' liabiliry hertr
~;nder p upon the debt hereby secured. No sale of the Fremises hereby mw~gagcd and no fwbearance on the part of Ihe ~IlORTGAGfE or ib successws
,.s .:..,e s..~ ..,,,m..~+ ~f d~6e Ivre6v xcured aiven by the MORTGAGEE w its svccessors o+ asslyns, shall opsrate
o~s~yrs o....
ro re!ease, d~xha~ge, modify change or affect the•or~g~nal Iiab;Iity of the MORTGAGOR herein, either in whok a ie part.
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10- It is spec~licaNy agreed that time is o{ the essence of this contract and that no waiver of any obligation hereunder or of fM obligsf'an st
cv.ed hr.reby shall st any time thereafrer be held Io be s waiver oi the terms hereof or of the insuument secured Fmrby.
11. In add:t~o~ to the forege:ng r.io~th!y payments of princ pa? and inferest requ~red by the promiuory note secured hereby, morfgagor covenanfs
a-~d agrees to pay to mortgagee with each morohly payme~t an edd~~~onai sum es+imated by mwtgagee to be equal fo 1/12 of the annual cost oi the foflow-
i:;3:
' A-All real property taxes levied or assessed agaisst the above described real eatate_ -
i 6-Premiums on fere and windstorm insurance ~s herein requ~red to be carried on the improveme~b sitvate on tM above desat~xd Wemise~-
' C-Premiums on such mortgage guaranty insurance as mortgagee shail from i~me to time deem fit to tsrry on ihe ba~ secured he~eby.
Mortgagce sha.l f:cm time to teme no'ify mortgagor in writing of the arr.ount due arxl pay+ble hereunde~ snd such wm s~~l thereupon be due and
~ ; ayable on the due date of the next month:y payment and each successive month thereafter until mortgagee shall notify mortgaga of a chanpe in suth
~ a~-ount. Such sums shail be appiie~ by ~~ortgagee toward the payment of real property taxes, insvrance prern:ums, and mwtgaye guaraMy inwra~xe
~ :;remiums.
~ IN WITNESS WHEREOf, the said MORTGAGOR has hereunto set ius hand and seal the day and ar first sfwesaid.
S' , Sea nd Iivered in the presence of: /e C
sn
~ ° a q -
~ n
- a .
+4
S:kiE OP FLORIDA
S5.
`~,~NTM ~ ~t. Lucie .
Befwe me personstly appeartd ~ Billy W. MCDOflald _ and
C~ZOlyl1 B. A'ICDOll81d his w;fe, to me well krawn and krawn to me to b~
+he individusls descri~bed in +nd who exetuted Ihe foregoing instrument, ~nd acknow~
ed bef e me ihat they exetuted ihe same for the pvrposes
~ therein expressed. And the sai Ca=V+~ ~~nald ;
~:`e of ths said 8111~ {~I. MCDOIIald - upon • sepK+te and privst~ ;
~=3m;~ation by me take~ xparate and apart from her said husband, atic~owtedged to and before me that she executed ssid instrument freely and volver
~ ~a+:ly and without any computs'an, constraint, apprehension, or fear of or from her ~aid husband.
~ WIiNE55 my F?and and official ieal this 26th dey of `1uly A D. 19 74
~
tary Public in sr+d fw t Stste of Fao~d~ jf~~~w/pF
~ y Commiasan expiras: w
Return To: _
~ Fint Federal Savings 3 loa~ Association ,~'a 's i.,
_ %
~ Of fort Pierce. = . • ~ : ~ ~
Q•~._ 'V'~~1•
fort P~erce. Flo.ida flt ~ ~ECORDEO _ ~ ~
` k ~~11l1TY f LA. : = ` ~ ~ ~ `S• =
sj fLCj~~ PCITR~S :;~L 3::'•;~~E ~
~ CLEq~ ~~i:C:IIT COURT ~ } ;:.~Y,S.
, ~ .
~ This Instrument Prepared By Gary F. Ellwoq~r'1~"~ r'' ~r~ y ~ ;
j~„
' First Federat Savings b Laan Association
~ of Fort Pierce ~ Rlotida g 59 ~M
A~ 5
Checked By ~
~ ~Q~~~O ~13~ .
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