HomeMy WebLinkAbout1535 To pl+c~ a~d comiovouuy k~sP on tM !x+':d'^~s "°w a AereaftK sit~at~ on s~id I~nd a++c1 on all equipren~ and pen'~11y covKed by this mort9- j
aga. wi:h df pr~miwns ~hc~eon p+~d in iull, i~r* insu~ance in tha uwal ~eandard po+Ky 1am. in • wm e;ap.oved by t1w MOR(G»GEE,~aiGA~,~„Ed?~Y i ~
tns~~ranc~ in IM uswl sundud pol~cy 1a~n. in ~ s~x.+ app~owd Cy ~na MORiGAGEE. in wcti companY ~ cvn+i~+~
d~rcc~; and all fu~ a~x) windsrorm ins.nanc~ po~iues a? any o( ssid buiW~rgs, any inte~ast ~he~s'r+ o~ p+h !hcrwt. in ~h~ +99rsga+~ wa+ atanaid or
in exuu ther~of. sMtl contain tFr usw! s~andud ma~aflw clw~t w svch otF+er t~evs~ as tM Mw~~~gw m+y ~«iu~n. '^+~'^9 Ihs lou u~de+ urd Pdb •
c~es. exh s~+d svc:y. paY~b!e ro said MURTGAGEE as +t~ i~teres~ may appN~. and each and every such po!iq ihall be promptly ~~s-9nrd and dalivtred to
eny held by said MORTGAGEE as fvreFK~ secu~ity 1o said monyage dett, and, na leu than te~ (10) diys in ad~ra~K~ ot ~he expiranon of s.:ch pol~cY. to da '
t~ver ~o iaid AM7RTvAGEE a renewal tnereof. Ioqether wirh • rrca~~ for ~he p~e~+iwn ot such renewalj ~nd ~ht~~ sMll bs no t~re o+ winds~wm inwr~nc~
plxed on ~ny of saia bw~d~npa. ~ny N+taest ther~in w¢u1 tharlof. uni~ss in the forn+ ~nd vri~h the lou payabl~ as afo~sssid: ar+d in the event any sum
of mon~y beco~nws p+Yable v+xkr such poliq w polK;es said MOATGAGEE i1wI1 h~ve tM optan ~o nc~:w and apply th~ sarnt on aaount of ~M indebte~ ~
nesa tecuted htreby w ro pa~met said HIORTGAGORS to receive and uie it w~~y Par1 thercof fu othcr pur~.osK, w~~ho.+t ~her~oi wai~~,.g o~ ~mpa~r- .
~ng any equ~ty. iien w rpht under w by vir~ve of ~h:s ma::qags: +nd in tFw evem u~d AIORiGAGORS aMll (or ~ny r~ason iail to keeP th~ s+id Prem+ses so
~ns~red, w iait b deliver ptomptly any of said pol~ties of inivrarxe to s~:d MORiGAGEE, w fail promptly ro pay fvily a~y {xe~niunn the~ela or in v+Y
~aapett fsil b.~Miorm, dischu9e, axecvte, effect, completa, caTpty wi~h ~nd ab:ds by ~h~i co~renant, w~ny part haaol. s+~d MORiGAGEE may n~ace and ~
pa~ tw such +nwra~ce or any part ?hercof w~ihout waiviry o~ aiiecrin9 any op~ion, tien. equ~ry. w r:gfi~ under a by vi.tue of ~his Matgage. and the
!~!I amo„~~ o( exh and evs.y such payment shait be ~mmed~ately due a„d payabla and sAaU besr ~n~eres~ from ths date the~eoi ~n~il paid at the rate ol
e pCf CMtum pN snnum a~~o to~emer with such inrrres~ siw11 be secwed by ine 7ien o( this mor~9.ige•
1. Ta permit, tommit or suffc+ no waste. imp+~~n'+ent a deteraration of sa~d prope~ty w+ny pu1 thereof.
S. To pay ~tl and singu~+r the cw~s, c}wrges and expenses. ~nc~udu+9 a reasonabb ~no.ney i fee ard costs of ~bstracts oi titls, incurred or p+id ~t k
ar.y time b~ sa~d MURiGAGfE, because a in the event of ~hc fa~iure on tF+e part of ~he saEd MORTGAGOR ~o duly, prompdY snd fully peK(orm, d~xh~rge.
~,rcu~e. effea, compkte. compty w~th and ab:de by eac?~ and every the stipulanorts, sg~ec~+ents, conditio~is, and cove~ann of sa:d p+om~swry note ~~d ~hii ;
,,,orrgage u+y w e~~her. an3 sa:d cosfs, charges and e~enses, esch and pvay. shall be immediately due snd pay+t~le: whc~}?e~ w not there be notice da ~
mn~d. a?~empf to collect or wit pr.~.~d1ng; and fhe fvll amount oi ea.h und everY wch PaY^Mnt shatl bea~ inrerest fran tia date thereof ~?ntil paid at t1+~
r..r_ o~ n~ne per ~-ntum F;e~ a~i~~u~+; :^d ali said costs, char~es and ex~x~~ses incur~ed or pa~d. together weh such interest, sfia~l be securet! by tFK lie~ of th;s
mortgs9l. •
b, Th~t in rAe event oF any brexh of Ih~s Mwtgage w defauS~ on the part of the MORTGAGOR. o? (b? e~^t am of ss:d wms of mo~e~
herein referred ~o be ~o~ w«~Pty and lully pa~d within thirty (30) d+ys next afeer the same seve~ally become due +~d payabte. without d~mand w ~wtice,
or ;c) in the era+t each snd every the st~putariau, agreements. condirions and covenants ot sa:d p~a+~issory RDf! a~d th~s mortgage any or either are no1
l~l~, promptly and futly perfx~++ed, d~ui+aiged. execu~ed, effected, compkted, canp~~ed w~rh and ab~ded Sy, then in e~ther or any such even~ the said ag
~•c-gate wm mentioned in said promiuory r.,,te then rerna~ning unpaid. with interest acc::ied, ard ail mw~eys securcd herrby. shatl becwne due u+d p+y-
ab:e fotifiwith, or thereafte~, at tt+e or~!~a+ of sa~d M~3RiGAGEE, as fully and comP'•erely as if all of the sa~d wms of maney vrere wginatly st~pulatrd
te pa:d oo such day, a~ytAing in sa.d pran~sso.y nore or in ~his A'.wtgagr to fhe co~nary notwiiMtar+ding; and thaeapon w th~reafter s~ the qd~on of
s~:d MORTGAGEE, w~rhout not~ce or dnnwnd, s~it at !aw or ~n equity, therefore or ~he~ealter•Mp~iL ~Y ~ Q~~~~~ u.~f atl money~ sacwad ht*eby
n_d matured pnor to in inatitution_ '
7. That in the erent that at the begin~ing of w a~ any t~.ne pend~ng any su~t upon this Mortgage. or to fwedose if, w M rcfam lt, w to enfo?ce
~:ment of any cea~ms hereur,~er. said ;dORTGRGEE shalt app~~ fo ~he Cov.~ ha.~~g iur~sd~c~ion thereot to? the ~ppointmen~ of ~ Receive~. such Court shall
.•hwith apoo~nt L tECQ1vN ol sj~d m.c:tgag°d pro;x•t~ afl and si,-gvlar, rtcl~d.:~g a:! and singular t~ ioton+e. p+o(its. isaues and revenues irom whatever
s_ _~•ca derived, each and every oi vvh~ch, t~e+r.g erpress`y unde~s:cud, is he~eby mo:~gaged as if speu~ically xt fwth and described in the gr~nti~g a~d
h~: endum c:aoses hercof, and such ReceiYrr shall ha:e all the b~oad and etfecr~~e fur.c:,o+~s a~d powen in anyw~se emrusted by a Court to a Receiver, aad
s_,h apppintr:~r:. .hs+F be m.ade b~ such Cou~t as an admined equity and a matter of absolute r;gF~ to said ~NORTGAGEE, ~nd withoul re(erer.ce lo ths
;;_.q,3q o~ ;nadeQua~-y of tF+e value oi ~Ge ~:~r.ry mwtgaged or to ~he w~vr~cy o: ~~aoi~ency of said MORiGAGOR w the defendants, ~nd that such
is. profits, income, issues and revenues shail be app~~ed by such Rece~ver ac.urd~ng ~o the l~en or equity of said MORTGAGEE and the practice of wch
Court. ;
8. To d~ly, pror*~~tly arad fu!!y perform, d~scharge, execute, e~fect, complete, comply w:th ind abide by eath a~d every ~he stipulations, agre~menb, ~
•ond;t~ons and coverwnts sa~d promissory no+e and this mor:gage set forth.
9. ihat in the e~eat the owne+ship of ehe morTgaged premises, or sny part thereof, 6ecomes resred in a person oLher tFun the IKORTGAGOR, in~
:'~RTGA~fE, its s•xcessars and sss~flns, may, w~:ho~t not~ce to the t:tORiG:.aR, deai wiih such successw or successor in interest wi~h refere~te to thia
^~.~-t~age and the debt hereby setu~ed in the same man~e~ as wi~h ~Aortgagor w~t'rw~ut in any way vitiatirg w distMrging the Mortgagors' liability he~r
:-der or upon the dett he~eby secured. Ko saie oi the prem~ses hereby mortgaged ard no forbearante on ~he part oi the MORTGAGEE w its successors
c- ass:gns and ~o exrension of the time for rFx payment of the debt hereby setured given by the lNORTGAGEE or its successors w auigro, aha~l optrate
ro re•ease, d~scharge, moclify thange w a!fect the orig~na! tiabii~ty of the N.ORTGAGOR htrein, either in w!wle o~ in part.
10. It is spec~fica~ly agreed thst t~me is of the essence of rhis contraU ared that no waiver oi any ob~igaYron herovnde~ a of the oblgal'~on sr
cUred hareby ahatl ai any time tF+~rcaffer 6e held to be a wa~Yer at the terrru hereoi or of the enstrument secured herby.
11. In add~t~on to the iwego'nq month!y paym~n~s oi princ~pat and interest requ~~ed by the prom~ssory no~e securxd hereby, morigagor covenanls ;
~~~d agrces to pay to r±w:tg~gee wi!h each mon+h~y pay:;:ent an add:a~ai sum est~n~ared by rrrxtgagee to b! equal to 1/12 of the annual cost of the follow- ;
;
A-Ap real prupe~ty ta~ces !e+~ed o* assrssed against the a~ove desc~i~d real estate_
B-~r~~rn~ufns on fire and wir.dstorm ;nsurarce as herein requ'ue~ to be carried on the ~mp~oveme~ts sitwte on the above desc~ibed premises.
! C-Premiu:.~s on wch ~•:ortg~ge gva.anty inzura+~ce as mo~?gsgee sha~l frorr. t~me to time deem fit to carry on the Iwn secured hereby.
~ Mortgagee s~+a~f frcm t~rne to ti:ne notify mwtgagor in wr~t~ng of the amount due arxl payable hereix~dn and such sum shall therevpon be due and
I ;~b:e on ~I+e due date of the next ~:a~th;y payment and each successive mo~th thercaft_r ur.tit mortg~gee shall notify mortgagw of a change in such
,~~n;. Such sums sF~ail be app~ie: by mw:gag~e to+vard the payment of real property taxes, insvrance prem:ums, and rtwrtgage guaranty insurance
_ ' ~'1`. ~UT.S.
IN WITNESS WHFREOF, the said MORTGAGOR has hereunio set his hand and scai the day and year fint aforessid.
8i ed, Seal a d E1~red in th~ p~escnce of:
/ i (Se+b
~ n
` ~ ~
-
-
~?ATE OF fIORIDA !
~t. Lucie ? ~
~ ~'J.'JTY OF `
Befwc me personaNy appeared Ha ro ld c umiae rs on and
R uth S ummer son his wife, to me well known and knoMrn to me to bs
~~nd~v3duals desu~bed in and who executed the foregoing insrrument, and ackrawfedged befue me that they executed fhl~~~~f6t+~jhe pu~Poxs
r Harold Sww~erson 1 b''•
~-~•e;n ~xP.essed. a,a ~he sa~a ~ J . S.
:~re of the ~~d Ruth S11IDiR@tSOA vpw~~s separate~privat~
..~-n.natwn by me taicen upa~ate and apart from her said husband, scknowledged to snd t.efore me that she executed said'+~?strlwnent fseeiy~ar~ ~~otw?~ ~
:y and w~thous any compuision, corutraSnt, apprehens~on, r fear of or from her ' iwsband. =
1M1IITNESS my hand and off~c~a( ual this_- ~ dsy of • • A-'a•;t~ ~4
i>~ , ~ ;
~ ' -
N ry Public in and fw the~Stite~b~ fbrid l~~
pe
My Comm~ssion e~cp~es: ~ fil
Return To: ' .
~:rsr Federal Savings 3 Loan Assodat;on
4
Of Fort Pierce.
f~tt Pierce, Flo~ida
~
~ ~ ~~~f~ ~
This Instrument Prepared By Gary F. Fllvvood ~~~~M;~
First Federal Savings b Loan Association
of Fort Pierce s F lorida
~h~~k~ By - 290~'73 ~
~
0~2~1 P~i~ , ~ ~
; • ' st~
~ -
T~ ~ ;
~ . .