HomeMy WebLinkAbout1782 To pl~c~ ~nd con~i+?uausly keep on eM bvi!d~~ps eow w hareahN ~ituet~ on uid land ~nd o~ all equipna+l and pN~o+~atly covsr~d by thi~ ma~¢ !
ags. wi~h all pr~mevms Ihtreon pa+d ie full, 1i~~ in~u~~nce in tht uawi iundard poliq 1orm. i~ • tum •pptoved by IM MORiGAGEE. and windttwm ' ~
tnsuranc~ kn th~ uawl ~~anda~d po1~cY fam, in • ium app~oved by ~M MORTGAGfE. ~n such comp~ny a compa~i~s a~ tl+~ MORTGAGEE m~y
duec~= and all f'u~ ~nd w~wdstorm insuranc~ potKies on ~ny of ~aid bvild~np~, ~ny in:er~s~ ther~in w p+?1 ~ha~~of, in tM Wp~e~~?~ iwn afa~~aid or r
in eatess the~eof, ~hsll cont~in tM u~ual standsrd mw?9aye~ clauw u such o~hsr dause a~ 1M MatQ+gK ~++y ~puu~. ma~inp N+~ loss under s+~d Peli~ !
de~, each aod every, paYab~e ro said MORiGAGEE +s ~ts iroerest may appear, and e+ch and •ve~y such po~~cy ~hall b~ p~on+p~~Y +u•9"~d ~"d de~~~ered ?o
any held by ta~d MORTGAGEE +f ~urther sscur~ty ~o sa~d mat9ay~ debr, a~d. no1 ~ess ~han ten (10) days ~dvanc~ ot the ~ap~r~~ron o~ ~Kh policy, to df
I~ver ro ~aid MORiGAGEE a reoewal thercof, toqNha w~th a receip~ fw the pramium ot ?uch renewal; and ~he~s ihatl b~ +a f~r~ or winditam ioiw+~c~ '
placed on ~ny of aid buildinyi, any in~erest therein or parl thereaf, un!ess in t!x form.and with ths loss payabts_at a(oreiaid; ar.d in the evenl +~Y i
of nwnsy becomes paYabt~ under such policy a policie~ saiJ MORiGAGEE sF~all Mve the optwn to reteiw arx) apply Iha s+me o~ +ccou++~ oi 1M I~dabted~ ~
neas setured Aoreby or ro permit said MQR~GAGOPS lo roteive and uss it or sny part thercol 1or otnc~ purposes, wi~hout ~h_reb~ wa~vmg o~ ~mpair ~
;nq s~y equ;ty, ~:~n w ~iyhr ~nder w by virtue of Ihis mot!y~ye; ~nd in the event sa~d MORiGAGORS thall fa sny reason fai! to keep ~he taid pramite~ so _.,ti
~nsured, w fail lo de~iver peomptly ~ny of said po~~cies ol in~urence to w~d MORTGAGEE, w fail promptiy to psy fully •ny p:emium IINSr~tw o~~ r
respect (ail to pafam, d~scha~ge, e:ecute, effect, comp~e~e, co+nP~Y w~~h ~^d sbide by this covenant, a any pa?1 hereof, ssid MORTGAGEE may p .
pay fw suth insurance w any psrt thereof without waivir?g « af(ectinp any op~~on, lien, equ~ty, o? rtghl undt~ o~ by vt~tue of this Murgags. and the
f~,ll amounl of each and every iuch paymem shali be immediatcly due and payable sr.d sAall bes~ interest (rom the date thereof until paid at the ra~e ol
n:ne per cen~um pN an~u~n and ~o~elher with such interest shall b~ uwced by fhe lie~ oi this mortgage. .
- f
To permit, commit w sufter no waste, impairmt~t w deterara~~on of ~aid property w+ny p+rt the~~of•
S. To pay sll and singular Ihe costs, cMryq and expe~ses, includ~rg a reasonabb attaney i fc~ and cw~s of abstr~tts of title, incurred w paid a1 .
any time by said MORTGAGEE, because w in 1he even! o~ the failure on 1he pa~t of ~he uid MORTGAGOR to du~y, promptly ~nd fully per(wm, diuharge.
execute, effed, complete, compiy w~th and ab:de by each and every the stipulat~ons, agreements, conditions, and covenants of s~~d prom+swrY note and thi~
n,ongage any or either, and ssid costs, cha?grs and expcnxs, each and every, ahall be immediately due and payab~s; whether a r+o~ ~here be not~ce de :
mand, attempl 1o co11cU or suit pe~+d~ng; and. tM full amovM of each and erery such payment, shall bee. iNereal from Ihe date therwf uNil p~id ~t tFk i
~.~+r of nine per centum per anoum; arw+ at! said cosn, charges a~d espenses incurred w paid, together wdh iuch intereit, ahal) be sKUred by the lien of thu
mortgage.
6. That (a) in tl~e evenl of any breach of this Mwtgage or deiault on the part of the MORTGAGOR, w(b) In the e~ent ~ny of sa~d tums of money
herein referred ~o be not prompHy ~nd fully psid wi~hin thuly l30) days next attcr ~he seme seveta~ly beconx dw and payable, witFw~rf demand or notice,
or (c? in the e~em each and every ~iro stiputationa, agreemcn*s. cond~tio,+s and covenants of sa~d p~omissorr note and th:s matpage any o~ either are no1
i~1y, promptly and futly performed, d~uharged, execwed, el(eued, ca*~pkted, compifed w~th and ab~ded 5y, then in eithe~ or any such evem ~he said ag
~regate sum mentioned in said promisswy note then remaining unpaid, with interest ac:r~ed, and alt mo~eys setured hereby, thall become dw and pay~
ab:e Torthwith, or thereafte?, at the opr~on of sa~d MORiGAGEE, as futly arx! compleiely as if ~tl of the sa7d sums of money were ag~nally atlpul~tcd
to be pa~d on sxh day, a~ylhing in sa:d p~omissory nefe or in 1h~s Mortgage. io tne co~ueary ~~,tw:c~.s:ei'~::.g, 3~w :!'=:es~ Ot tttcreef*.et st the ootion o(
s~!d MORTGAGEE, withoul notice or de ~arx1, suit at law or ~n equity, therefore a lherra(ter begun, may be prosecuted aa if all mor~eys secured ht~eby
n~d matured pnor ro its institution. -
7. That in the event th6t at the beginn~ng of or at any ~~me ~end~ng any sult upon th~s Mwtgage, w to fwetlose it, w to reform it, or to e~fora
payment of any cia~ms hereunder, said MORTGAGfE aha11 apply to the Courf having ,u*nd!a~on thereof (or the appointment of a Receiva, such Court shall
ie: rhw~th sppoint a receive? of utd mortgaged propefty ail and s~ngular, includ~r.g aN and s~ngular the income, profits, iu~,es and revenues from whatever
s_urcz de~ived, each and every of wh+ch, it being express'y unde~s~ood, is hereoy merigaged as if specifically set forth and destribed in the yraroing and
h.~bendum clauses hereof, and such Receiver shall have alt the b~oad and eifeai~e furt~.ons and power3 in snyw~se e0l~usted by a Court to a Receiver, and
s_ch appointme~~t ihall be made by such Court as an admitted equity and a matter of absolWe r.gM to ssid M?ORTGAGEE, and withoul referente to the
+~ea:,;cy a inadequacy of the value o( ~he propeity mortgaged or fo rhe so;vency or ~n.~fvency o( s~id MORTGAGOR or the defeodaats, and that such
r~~~,~s, proFin, income, issues and fGYMUCi shatf be app~ied by auch Rece~ver accwd.~~g io the lien or equity of said MORiGAGEE and the pradice of such
ro~rt. -
8. To d~~y, promptty and futly perform, d~schsrge, execute, eifec~, compFete, comp~y with and sb'~de by each and evcry the stipulations, sgrcements,
rond~tionf and covenants rt+ sald promisswy ~ote and this mortgage set fwlh.
9. That in tne event t.~e awr~.s ~~p ~t tha .-...^.::y^ay^r~ Yt~.^•'•::_a, ^r '-~Y ~"-'t thPreof, becomes vested i~ a person other thsn the MORTGAGOR, ths
~RTGAGFE: its successws and assigns, may, without not~ce to the MORTGAOR, dea~ ~~~th such succeuor or suttessor in interest with reierente to this
• o~tgnge snd the debl hereby secured in the same manner as with Mortgagor wilhout in aey way vitiating or d~scharging the Mutgagon' liab~~ity herr
,-der or upon the debt 6ereby sxvred. No sale of the Frem;ses hereby mortgaged a~d m iorbearance on the pa?t of Ihe /AORTGAGEE or its successors .
,~r ass~gns and no exte~sion of tfie time for the payment of the debt hereby secured giver by Ihe MORTGAGEE or ils succeuors or auiyns, shall operats ~
ro re!ease, dacharge, modi(y change w affect the ong~nal liab~iity of the MARTGAGOR herein, either in whole a in p~r1.
10. h is specificaily agreed that t~me is ot the esse~ce of this contract and that no waiver oi any o5ligation herevnder w of the obliy+tan ft
c~red Fwsreby shall at any time ~hereafier be heid to be a waiver of .the terms hercof or of the instrumeM secured F~erby. f
I1. In add~tio~ to the fwe9o:~tq monthly paym~nts of princ'pa! ar.d imerest requ~red by the prwnissory no?e secured F~ereby, mortgagor covtnants '
d agrMS to pay to mo~tgagee with each month~y payraent an add,riorial sum est~mated by mortgagee to be eqvsl to 1~12 of the annual cost of the follow- +
„y
A-A!I real property taxrs levied or assess:3 aga~•tst the above deuribed real estate. _
B-Prerr.~ums on fire and windsrorm insw.arce as herein requ~red to be carr+ed on the ~rt+provements situate on the above desuibed premises. !
C-Premiums on such mortgage guaranty ir.w~a~.ce as mortgagee shail irom t me to time deem fit ro carry on the ban secured hereby. ~
Nlortyagee s?~a:l from ~ime to time norify morigagor in writirtg of tF~e amo~n? due and payable hereunder a~d such sum shall thereupon be dve and
~ :,,ab!e on ihe due date of the next month:y payment and each successive month thereafter ur.ti~ rtwrtgagte shall notify mortgagor of a change in uech
ount_ Such sums sha:l be appl~ed by mat~agee to~nrard the payment of reat prOperty taxes, insurarsce prem.ums, and _ mortgage gvaranty insurance
E e,,.~ums.
~ 7 IN Y~ITNE55 WHEREOf, the said MORTGAGOR has hereunto set his hand and seal the day and a~ firLf a{o?essid.
~ - ned, and delivered in the preser+ce of: ;
a~ i
ncen R. McL n e~ #
v . ~ ~ (SeaD
- Willie G. McLynd n ~aq
Si,~7E OF FLORIDA
Lucie ~ ~
..:'U.'dTY Of St • ~
Betwe me persw~ally appeared Vincent R. MCLy!!d@t1 and
Willie G. MCj.~/[1~A - his wife, to me well known and known to me fo be i
•~,e iRd~viduals described in a~d who executed ~he for oi instrumenf, and xknowledged befwe me that they executed the ume for the purposes !
~~~~e~~ expressed. And t?x willie G. ~Ie~yndan
.;;Fe of the sa~dVlACeDt R. ~'{Cl.yAa@If J upon + sepsr~te ~nd pinat~ ~
e„~r~nat~ by me taken separate and apa?t from her uid husband, acknowledged to and befwe me that she execWed sa~d instrument freely and voluer
r~•,!y and without any computsion, constraint, apprehension, or fear of or from ber said husband. Au9uSt 74
~1 ~ da of A. D. 19
~YITNESS my hand and official seal thix Y
~ - C_ _
3 -
~ Notsry Public in and for Ihe St of Florida st large
~ My Commiuion expires: ~ u- 3 D 7~ .
~ ' 1 i
Return 70:
{ "ti. ~ ~ ,
~ First Fede~al Savings a Loan Association ' ~
' , ~ j ~.!l...., ~ ?
~ Of Fort P~e:ce. ~ • ~ ~
~?!G =ECORDEO : : ; r •..1~, ~ .
fo~t Pierce, Florida F1i.ED ~ '..j ~
~ St.lUC1E COUHtY FL1~. ` , ` ~ ` „ i
- ROGEi~ ?~;TiiAS , , : -
CLERK C:=ti~J1'i COURT , -
RfC,t`k~Y~"rc~E~ _ ~ • ~ y -
~ J
This Instrument Prepared By Robert A. Swishez~ Jr. j.~~~:
e 9 36 aK - ~
First Federal Savings & Loan Association •
t~ ";r ~
of Fort Pierce ~ Florida ~ c,
IGC70v~6
~ Checked By`~
i
3
BOOX ~0 PAGE178i . ,
~ .
_ 5
~ ~ _ _ = m~_..~
~ , ~
,a,~w.'~'v..c~~,~.~t da~l-ca -rs ~ y,~es ~ K
~~K ° x
. „ _~v:~;C~~„~~~~~i".L~~^~`~<. ~ ..~~'x .