HomeMy WebLinkAbout1537 io p~ac~ and contewanlY lcrP c^ tM bu~'d:ngt r.ow a hereafra utw+~ on uid lend aKl on dl eq~~p~cM acid p~?w~?a~lq cova~ed by Nus na~t9-
w~~ti ~ p~~;~rna s1,s,~pn pa,d ,n futl, f~re ~na~r~nce .n ~ha us.ai s+axi++d {u~~tv fa^4. ir? + sum app~ov~d by ti~e NK?R~GAGEE. e~~d wW+ds~wm
~nw~.nce in ~h~ vw+l at?,d~.d pW:c~r fart` in s sum approwd by ~M MOR1CsaGEE. in s~,ch companY o~ oa^Far~w~ ~s ths Nk7RiGA1'sEE may
d~recr; u+d aii fw and waxb~on.? ~w:wa+.c~ FotKir~ on any of s~id b•~1d+n9L any inte«fl Ihs+e:n w Pul 1l~cof, in ~M ayqrcp~te w~n aforesaid w
in eauas the?eof, sha~l coe~~ain ~h~ ~sua~ uandard matg,~ges c:ause w iuch Wher cious~ u tM Matgages may rsquu~. maYlnp tM bsa undt~ sa~d pdi~ `
c;es. each and e~er~. payatr'e a said AK?RiGAGEE aa ~n in~riest ma~ rppea~, end rach and every luth polity sh~U bs {xwnptly aas.fl~ed and dei~w~ed ~o
eny I+ek! by sa~d MORIGAGEE as tw~hn secw~ry eo a~id marqage debt, ar~d. ra+ less rhan ten l?0) days i~ advs~x~ o( tl+~ e:p.~auon oi wcA po~~cy. w da ~
;;,,e~ ta s~;J MORiGAGEE a~e.kwal thereof, rogethe~ with a rece~pt fw ~he p~smium of such renawal; and tF+ert shail b~ ~+o f~n w w~nds~orm in~~ranc~
pfxed on a~r of ia~d bwtd~nss. aoy i~ue+eat the*e'^ or P+~t t6rr.~of. v~ls~s i~ ~he~ fo~m ~nd wi~h ~M bu p+Yabl~ as afaesaid; u+d 111 ~FM !YlR~ any w+n
of ~.wney becon+es pay+bk w,~ K,,~ pd,~y p p,IK,es sa,d MORiGAGfE shall h~.• ~M r;.~~v~+ ~o reccive ar+d appty tM s~ on +ccau+r oi ~M ind~b~ed~ ~
ness setwed hereby « a pe~m+~ sa~d MORTGAGORS to recsivf artd uss it ot any put th:reol fu otn~•r pu~{*oscs, wi~houl th~r~b~ ~v+iv~ng or ~mpa~n
;ng any equ;ty, I;en or rght w?dc~ or M vir~w of t?.:a mo::~e: and ~n ~he ~~'e+~t sa;d MORiGAGORS shafl !o~ +nY reason fail fo keep ehe tai~ premifH so y ~
:nsvred, or 'a+~ b de~i.r:t p~a~+pNy any of sa~d poi<~ts of insu~anc~ ro s~~d Ju~ORTGAGEE. w fa~l promPtly Io pay fu11y any prem~um therofo~ or in an~
~eapra f~il w perform. dxhu9e. ex~cute. eiiect, ca^.~p:e~e, comp~Y with a~d abide by this covenant, o~ a~y part hereof, said MORTGAGEE may place a~~d ~
pay tor wch inswance or M+y part the.cof w~~hout w:ivu+q w aftec+irq ~Pb e and shaU ubea~ ~nterest from ti+e datsvl~ eoffu ~1 po~dt ht ~~eto f:
f~'I amouN o( cath and e~~Mr wcA payment shail be ~m~nediately due u+d paY
, r:e p~y ~e~t;im per anrum end to3r:hrr w~th such in'a+~s~ sFuti be sec~red by the lien of Ihis mwtga9e•
1. To permit, oome~wt p suffer rw w:ste. imp+~~rt+~~t w detm:waYan of said property or a~Y Pa~~ ~h~raof.
i. To pay al~ a~d siegvlar the costs, charQos and cxpenxs. including ~ rcasonabl~ atton+ey't feo and costs of abstrsets o( titlt. incurred or paid at
a~y rir+,~ by sa:d N1GR~vAG~f, because o~ i~ the event of ihe failure on ~he W~t of the sa:d MORiGAt'aOR to duly, promp~ly and ful~y per(am. d~tchsrge.
e~rc~te, efled. compkte. complY w~th and ab:dr by each a+d every the sti f~ons. agreemenn. ca+ditions, and covena~?s ot ssid p+a++issory ~ote and ~his
- ongage any or e~~her. and sa:d cos». chugea and cxpenses. each and every. ah:,il be ~mmrdistely due snd payable: wheth~r q not there be rwtice da
„3nd, at~empt w cdkct or wit pendny: and the futt amo~r.t of cacM and every s~ch ,~aymem shall bea. interest frwn 1M dat~ the~eoi until paid at th~
emp
n:ne pe+ te~:..m ~s a~~,:w~~; 3rw ai: aa~d coi~s, ctsargas ar.d ~xperses ~ncwred or pa~d. together with s~ch i~terest. aball ~ socvrtd by the I+en oT thif
mxtgage. ~ `
a That {a) i~ the c.-ent of any b?exh of ~h:s Mwtgage w defwl~ on the pa.t of thc MORTGAGOR, o? (b? in the even~ ^wi a n~otKe. ~
herein refened ro be ewt prompsly arsd fupy paid wirl~in ~h~rty t?0) days r+ext aiter the same seve~a.ly become due a+?d WY
cr !c) in tF~e evem exh u~d every the st~u~at:ons, agreemcnn. cond~:iw+s and covenan*a of s~id p~on+isso+y ~wa and th~s mat9aQe aey o~ either ars eol
pro~:p~ly ~~d r~+.y ~.sY~.ea, dxharc~d. exec:,~rd, e{fec~ed, ca:+ptetrd, co~~pi~ed •w~~h and ab~ded `sy, thea in e~ther o~ any such eve~t the sa~d aQ~
y•_~~~e s~~n menf~oned u+ s+~d p'om~sso?y ^ote thtn remain;~3 u~pa~d. wah ir.terest accrued. and atl moneys secured herebY. shall becorr~e dw +nd WY
e torthw~tl~, r. thcreafter, at e'~e oQ'~o-~ oi sa~d INORiGAGEE: ~s fv11y arx! comP•ete~y as il all of the w~d sums of money v?~e~e wi9~n+tly st~pul~~ed
~r ~v~d on such ds/. an~~hing in sad prc:r•~uo~y notc u in this Martgage to the ionvary noewi!hstanding: and tF~ereupon or thereafter st the opt~a+ of
sr : A~L?RTGAGfE, w~fFwut nor.se w demand. su~t at law a~n eyvity. ~he~do~c or thereaf~er begun, maY be (xosecvted u if ~11 moneys secured hereby
r m~tVrl~ Rf~Ct 'O ~t! i+~3liful~Off. ~
7. That ;n the e•a++f thas or th~ t,eginn:+:g of o. at any i:me ~.:~dutg any su+t upon ~h~s Mw~gage, o~ to fo~eclose it, or to reform it, o~ to enfo~ce
,..ent of eny :-~~TS hr+ru~d>*. s~~d Jl!JRTGr.:,~E s~a~l epply tu the Cau:t ha+ing ~w~sd,cno~ thcreof {w the appantm~nt of ~ Receive?. suth Cour1 shail
:.:rh aYpo~~t a:rce.re. s~:d .ro•tgayed pro~•t/ ail a~d s~ng,:'ar, ir.clvd,~g at~ a„d sin~uiar ths income, p~ofrts, issues and reve~ues irom whstever
•s: .Te derived. ec,h ene! e.ery af wn cfi, ~t L.>::g ra~ress•y ~rxie~stc>od. is txreby mortgagcd as ii speufi~aUy xt fwth ~nd deseribed in the g~aNing and
~-~d~m ciauses herrof, and s~,cfi Rec?_wer shaEl h~~e at~ rne broad a:+d e~ictti~e fur.ct.or.s and powe~s in anywiu entrwted by a Court to ~ Receiver, and
s;-h j; poi~finent sFuu lx r*e~e by avch Cov-t as an ad~:!ted eqv~ty ard a rratur oi r!noiutr right ro said MORTGAGEE, u+d withovt reference ro the
a.!~~::cy w inadequacy of ine valve of the p~cprrey mo.tge9ed or to rGti so.vency w:~:soi„ency of said MORtGAGOR or the defeadants, a~d that such
<-.~s, protin, iotor*~e. ~ssues and rever.~es sha!! be ap~i~ed cy such Rete~~er aaoid:+ti9 ~o ehe 1ie~ or eqvity of said MORiGAGEE and the praUke oi such
Cv~rt.
B. To duly, pr«^Fr:y and fuUy pe?iorm, d:scharge, eaecute, effect, complete, cu~~p~~ with snd abide by each and every ~he stipulations, agreements,
-=-d.~~o.u ar.d covenann +n sa~d pzomissory note a~.d this mortgage set forth.
9. That in the e~e^t the ovrnc*ship oi thz mait9a9ed P~ert+:ses. or any part thcreef, bcco+nea vesfed in a ptrson other than the MORTGAGOR, the
'GAGEE, ita svccruws and au:~rn, may, w~+t~auf nor:ce to ~~e hSORTG:+02. w~~h such successw or successor in interest w~~h reference to this
- J\ga~e and the debt hereby secur~d in tfie ssme nw~~ner as with Mor:gayor withovt in any way vitiating or d~xharging fhe Mwtgagors' liability herr
o. upon rhe drbr heretr~ secured. Ne sa'e e~ ~tie F~em~ses i,e.eb~: .nor~gaged and no forbears~+ce on the pan o; ~he NORTGAGEE or its successo~s
y_ss~gm and :a ear~ns:on of rhe +~me fnr the paymens of the debr hereby secu~ed g~~en by the 1U10RiGAGfE or i!s successors ot ass~gns, sh+~~ operate
o:e~ease, d.scharge, mod~fy ct~~nge o~ a`.fece the or~g:na( liab:i;t/ of the AARTGAGOR herein, eithe~ in whole or in pa~t.
10_ Ir is speaf:catiy a9reed rhat sime is oF the esxnce of th~s consract and that no waiver of any abtigata~ hereunder or of the obliSation sr
;ure~ h~rc~/ s?~.a!~ at any tic.e thereafter ba Fxtd to be a wa~ver of the ierms Rerecf or o4 tFr_ instroment secured herby.
i l. tn aad.r:o~ to rhe faege r.~a.^.tF~:y ~a;m~~:s of p*i-c ~ai and ~:~erest requ~:ed by ~he prom~ssory nore secwecl lsereby, mortgagar covenants
ag*ees tQ ~y To m~-•5,y,.e ,,.,;h _a;~ m~-„h:y ;,a,~:.^r a~ add.r:ona~ wm es~:~~a~ed by mortg~gee to be equal to 1/12 of tl+e annuat cosl of the foUorr-
A-Ai! real crope~r~ sa¦zs ~e:~e~ o~ assess:.-ci aya; -sr a~ore desczi~ed ~eal es•ate_
B-p.•~rr, s-rs on fire and v-:r.dsro•m :r.swar.ce as !K~e%s+ requ~~~i fo br tarricd cn the .m~rovame~ts situate on the above d-scribed premises.
C-Fre~:~ms o~ 'vc~ ~o:ig=92 9uara^ty ~r.sva~ca as mor~gagee shaU irc-n t~+r.e ro time deem fit to carry on the loan setured hereby.
I ?Awtg~gee •~a E{.•om e,~r.r to r:~--e r.cnf, TCrtgd7J~ ~n v.~:t~ng of th- a*-:os~t ave and payable herevnde! and such wT shall thereupon be due and
,.,b'e on the d::e aatr of the neat -~a~•~:y o.:Ymen! a~d e~c!~ success~ve :ronfF thereafrer ur,til rt+atya~ee shall nolify mortgagor of a charge in such
~ -__,t. S:~cF s»^+s s~~~~ tie aa~::rd b! mMrc~?e favard ~iie payme~i ot rea'. proFerty taxes, insurance p?em.ums, a~~d mortgage gua~anty insu~ance
_ ^:~JtrS. .
IN lY4T~iESS 'JtHfltEOf, t~~ sa~d NORiGkGCR has hereunio se! his hand and seal the day and ye~~ fint aforesaid.
Signed. Sealed and deiivered in the p~esence of: ~ • ~
~n
- ~ Ric ~rd R. Je ngs ~
n
- ~ - Q .~n
- ons ance R. snni~g
~
v~ icoaion ! -
ss.
- _;~.~Ty ~ St. LuCie 1
~f~ ~:~:~y appeared _ R :chazd Jenninys ~^d '
Constance R. Jennings his w~fe, to me well known s~+d known to me to be
, i^d~vidua's descr~bed in and wtw executed the foregoing inserument, and acknow:edged before me that they executed the same for the p~r?poses
o:n ~ f~ Constance it. Jennings -
r re of t4e ~~a - R ichard R. .1@Ai11flq5 upon s xp~rate and priv~te
_T nar;on by me ta~cn separate and aaa.t from her aa"~d husband, xkrowiedged to a~d befwe me that she execvted sa~d inat~umenl freety and vo1~~-
and w.'hout arty compu:sa~, cwstrair.t, arprehens:on, or feu oi or fr~n her said husband. 74
~ ~ti1i\IE55 my ha~d and offiual seal th~s day of SePL@IDber _ p. D. 19
~ ~
No~ary Publ:c in and the State of Fbrida at la+~e
~ nny eomn+iss7a, expi , o- 3 0 ~6
Retum Ta. ' ~F i
F:rst feder~l Savirgs S loan Asso:iat:on -
•;a.•':~.{' ~~~f~' "
Of Fort P.<:ce_ :,u? :
Fwt P~ercn Fl~«a ~p,,E~ AI~O RE " ' . `r -i~~~ '
~T ~
~s ~ ~ ~ '
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~F:`ry~
Y Cr~ •i7~ ' 1 :3 ~ ~
RECOIlO Y~RIFtEO - : . 1 ~ -
7his Instrume~t Pr~pared By Gary F. E11~?o0~3 -+i::~~ '
F~rst Fede:al Savings b Loan Association ~ ~ ~ ~ ~ ;
of Fort Pierca ~lor ida '~}i••,, ~ i~~ ; -
290s'74~ ' -
c~,~ed sy - ; ~ ~
600K ~1 PACE~tR•I~ ~
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