HomeMy WebLinkAbout2011 To plac~ and conrinuously teap on ti?~ bu~'•diny~ now or her~,?fr~a sitwta on ss~d lan~ u+d o~ ati eq~iW~~t ~nd personall~ covered by ~his matg~
sgs. with ~11 prcmiums thereoo pa,d ~n fut4 hr~ insursncr ~n tht ~swl sr•nderd ~~o~Kr Fwm. in ~ su~n approrsd by tl~e A1CR:G.+GEE. and w~nditam .
~r,au.~nc~ in ~M uswl ~u~x!•.d ~wl~cy twm, in a swr ~Fp+ovtd by !he ~NORTGAGFE. in wch company w cornNan;a as th~ MORiGAGEE m~y
d~.cct; ~nd dl fi~~ and w~ndslo~m inwrence po:icies m any af ssrJ buitd.~ys. any in~crest tAerein ur W+t ~ht~rot, in th~ a99r~ga~e u,m atacsaid w ~
+n e:c~ss Iht~e~f, sFall conuin tM usval stancud marga9ee clavte o~ such oihw c~ausv at tM MorW+gN m~y requ~r~. ma?~~p Ih~ ~ws w~der sa~d ~.o1F
ur~, eath ud e~ery, paYab!e 1o s+id MJR`GAGEE as ~ts inrrr.st may a~xu, and ra:A and evc~y iuch po~:cv sha~~ ~e P~Q^'P~~Y aasgned ar.d dr'.~~~e~td ~o
eny haW by sud MOk1GAGEE as further ucurity ro uid mort,~age debt, ~r.d, ~?o~ ~ess t!wn ten (t~) de~s in +d.•~+ue oi ~he e~pi~at~a~ ol e~ch pot~cy, to de-
I;ver to said lu1URIGAGfE + reoewal thereof, ~oge~M+ w~th a rece.pt for s!~e premwm of such ~enewal; and thrre shalt be no fta w wi~~ds~orm inswance
plec~d on sny of sa~d bu~~dinga, any inte+ett ther~+o w p+~~ ~hz~EOf, un:rsa in ~hr for~n arxl wiih fhe lou ~Yable as afo.es+~d; a~d i~ the e~ent any s~m
of mon~y becomes payaWe u~xler such policy or poi~c'as ~aid MOitTGAGEE s}aN havo rhe opt~on ~o rccei~e and appFy tM s~ce o~ +ccw~~ of ~he indebted-
crss secuted ht?eby a~o pamit ~a~d MORTGAGORS ro ~eccive and use it x any pa~t th~rrof for o:hc+ ;.ur~~cses, v.;~hout ~h-..ur .rai~~~~g a~ ~~~~p~~~-
~ng any pu~ry, lien u righ~ under or by vuwe oi fhia mor~gaga; a~+d ~n ~Fw e~ent sa:d hIORiGAGORS shall fw any reason (ail ro keep ~!x sa~d p~en~isrs so r,
::~si~rcd, or fail 1o de~~~er pranplly any of seid po~~tirs of insu~snca fo said MOR?GAGEE, o~ fait ptomptly lo piy fully Ony prt~nium the~efor p in a~y
r~spect faii ro parform, d:uha~ge, e:ec~te, e~fecL canp:eir, comply ~,~rh a~x! ab~de by ih:s cove~an4 w a~y pan FKreof, aaid MORTGAGEE may place and
paY fw s~,ch insurance o~ a~y pa?f tAereof without waiving a a4(rcting any opt:on, tien, tq~~ty, or r~ghr undrr a by virtue of ehis Mortgage, and ihe
i, :t amount of each ar~d every such paymer~t shsll be ~m,nediately dve end pa~abk_ arKl sfiall bra. ir.:cres~ trom ~he date therooF umil pa~d at ~he rate o~
•,.nr prr cenrvm annum and toge~h~•r with such inr~••rsf shali ;~e s~~:ured by ~he t:en of th~s mortgage.
1. To permil, commit w suf(H no waste, in~pa~+mrnt or desenaaron of sa~J prcpe~ty or any F~rt thereof, t
5. To pay all and aingulu the costs, cha~ges and exFenses, indud,ng a reasaiab!e atto.ney a fce and cofts of sbatracta of title, incurred a paid ~t
,n~ tin.e by sn~d MOR1liAG:E, beca~se a in thc evrnt ot thc fa:!ure ot~ thr par~ of thr said MORiGAGOR to du~y, p~omptly and fully pe~form, d~xhargR
_,~cute. etfcct, complete, canply w~th and ab:clt by ea:h and every rhe sup~tat~ons, agrermenn. condit~ons, and covcnants of said p~aniswry note and ~hii
,:orrgage any o~ e~+hcr, and sa~d costa, chuqes a~d eapenses, each ~nd cve+y'. sha:l be i~nrr.ediately due and payable; whetlxr p no1 ~here be notite da
~,and, attempt to cdlect a suit pe.ul~ng; and the (u!! araovnt oF each and e+rory such paymem snall usa• interest (~an 1he date thereot until p+id +t the
o~ n:ne per crntvm yr~ a~~u~~r, onc: ~u sa~d c..sts, cha:gos and exFanses incurred a pa~d, together w~th such inierest, ahall bs secv?ed by the lien o1 this :
mortgage. ' '
6_ Thst ~s) in tF?s event of any lxeach o1 thia Mortgage w deFau~t on the part of :he MORTGAG~R, or (b) in the evenl any of sa:d swr+s of money
here~n ~efer~ed ro be no~ Wwnptly and :olly pasd w~~h~n thuty i30! days next airer ~he same se~e~a::y bec~ne dus and {~ayabte. wi~hou~ dem~nd a noiice.
:r ;c? in the event each and every ~he stipu:ariorn. agree.nents. condifio~s and cuYenants o! sa:d pon+~ssory no~e and tha ~r.ortgage any o~ eifM* art ool
i~:v, o.omptly and fully ~-rtormed, d scharg~rd, exec~ted, efiecred, can, :erad, compi:ed w•th and abided 5y, then in eifher or any such event the sa~d a¢
a•~3ate sum mentioneu in said p~u~*ussory note then remain~ng unpa~d, w~tn .nrerest accr~eo, arxi aii nw~.~eys sa:ured hereby, shs!! becor.ae dse a!d paY
~ f~vthwith, w thereafrer, at the op+~on of aa~d MORiC'~AGEE, as ful~Y and comp:e~rty as ii all of +he sa+d wms of rtwnry were o~~g~~+elly suputated
~o be pa+d on such day, anyth~ng in sa:d prom.ssury nott or Jn this I'dwtga~r to ~he cortrary no~~v~fhstanding; and thereupon o~ theresfter st the option of
s~:d MORTGAGEE, withovt nonce o~ demand, Su~i at {aw or i~ eq~~~r_ rherrfo~e or ~herrefter begun, may be p~oucuted as if all nwneys secured htreby
r:~ mdtUf!(~ Pf~Of ~O ~~3 II13~~1U~IOI1.
7. That in the evrnt ihat at thr beylnn~ng ef or st any :~me pend~~~ any sv.: vp~~ ttiis Mwtgsge, w to forecbse if. or fo rofam it, or ro enfwce
.•.~n! oF any claims he~e~r.drr, taid htt.2T;~:.vc: shai; apply tu ihr CO~rt ha7u~g ~u:~3<~•C~~J~1 thereoi iw the ~ppointment of a Receiver, sucl~ Cowt shail
~~...~rh ap.~,~m a rece~.er of sa~d mo:tgag=d propcrty alt a~:d s~m3.r:a*, ir,.:ud.ng sei and s~~:~ular tM ~ncome, prof~ts, issues aod revenues from whetever
s: . x dzriaed, cath and evcry of wh~cn, 3! i.ti:r.g exr•tss'~~ vnders!ttd, is i._•r,r:.f .n.~rtgagcr! pi if sj.~c.Sital~y-xt futA and desa~bed in 1he 9~anhn9 a^d
__~•~3um cia~ses herrof, ar,d soch Rece++er sh;,si havr ai: tF~e b~::ad and eifzc•~~c- func~ o•.s and powers in apywise entrosted 6y a Cou~l to ~ Receiver, snd
,s. a;.pcintment shal! b,: ma~le by svch Ceu•e as an admitted rpu~:y aca a r,attrr of ab~c~ote r:gfit fo said MORT(iAGEE, ~nd withoul re~e~ence to ths
.,:_a.~acy or iradcquaty of the va:ue oi ~he proprrty morrga_ed or to tr.e so..~•;cy or ~:,,ol.ency of said MORLGAGOR o~ ~he defendants, and thal such
•s proflts, iaca~ne, iswes and revenues ahal: be ap;,~~ed by such Rec~:.er auord::~g ~c the lien or equity of sa~d MORTGAGEE arxi the p?acuct of such
Cc ort.
8. To du~y, prcrr.ptly and !uily per~o~m, d~sci:arge, exec~te, effect, comple~e, cu~~pS~ wi!h and abklr by each snd tvery Ihe st~pulations, ag~eements,
.c^dit~ons and covenants ~n sa~d p:omissa± no:e and :%,~s mor.gaye scf fertn.
9. That i~ tfie event ?he cwr.ersh~p of the ~no~sgaged pre:~uses, w any part ti~ereof, becor.~es vested in a person o~her than the MORTGAGOR, the
:,:~TGAvff, i+s wccessoes ~nd as:i~r.s, m.~y, w~thou+ :,oTice to +~e ASQB:G:-OR, deai with such succeuw or successor in interes~ with reference to this
r.;•+yeye e~;d the drut hereby sec~red i,i rhe same mdnr.2f as with :Aerrgago~ w~thovt in any way vitiating ot d~stharging the Mwtgagori liabitity he~t
..-;;~r or ~pon rhe debt }:e.eby sec~~c-d. ko sa'e of ti~e Fra:n~s~s nereby r:o.tgagrd and oo forbearance on the part of Ihe MORIGAGEE or its successon
; ~s:;gns and no extens+nn of the r:me fa: tne payn:rr~t oi tne debr hrreby secured g~ven by thr MORiGAGEE or its successors w ass~~ns, shall operate
~z~case, d~xfiarge, modif~ change o* aflcct the o~~y~r.al li?~i~LTy of ~he N~JRIGAFOR herein, either in whole ev in pul.
10. It is spec•ficaCy ag+red that t~~e is of tl,~ essence of th7s co-~trau arx! that no waivK oi any obi7gation hereunder or of the obiigation sr
cv-ed h.reby si,alt at any tir.,e thrreaf:er be r>`.d r~ be a waiva: of !he lrrms hereof o~ ~i the instrument secured herby.
11. In acid.+:ei t~ rhe fe.e~e •~g r o~'n'y ra:n,-n:s ef r~~sc pa! a~d intzr~~st reyu~red by thr prom~sw~y nore secured bereb/, mortgagar cove~ants
;~yrees to p~y to mo:!g3~ e w~=h each on'h~y ,~a;::-.e~~t an adL••:c~•a' s~m cst::~~aeed b~ mortg~gee to be eqoai to 1/12 of the annual cost of the fotlow-
t
A-A!! rea! p~ope:t; sn,ces ~r•n•~c', oc assens_•~~ ay.~:~:st tnc ai.cve des:+~~•.d r~a~ esTare.
6-Prem ums o~ t~re ar.d w~ndsror^i :nw*arce as herein req~:r^d to be carried on the 'u+iprovert?e~ts situate on the above dex~ibed premises.
C-Premiun.s on wch moreg,ge g.:ar=r.sy ~nwra~ ce as mort~e~ae sha+l frcm t~r.+.e to t~~ne dee:n fit to carry on the loan secured hereby.
nlptgagee s!w~l from time to t~r•e (1J:~~~ mortya~~r ~n wr~t:r.g of the aT.~x:nt due and payable hereundr? and such wrn sF+all fhere.~pon be due and
e or. the due date of tfie neet ~nonthly paym.ent a~~d e~ch successive -*o:th thereaiter ur.til mortgagee shall notify mortgagor of a change i~ such
ti~ to..ard ~he ~r.eM of reat ro-ty taxes, insurance prem:ums, a~xJ mortgage guaranty icwrance
, I a l i e d b~ n c r r a:~ r ti p P ~
_ v n t_ S x h s u m s s a. b e p p Y 9 3 ~
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e_.••:JTS_
IN ~YITPiESS WHFREOF, rhe w~d MORTGl.GOR has hcre~nto set his band and seal t~n~ ye~d?~first af~resa' ,
Sig~ed. Sealed and detivered in the prasence ofc ~
.
' n
. P 1 D. s~.~ -
A ;
~
- _ Gail C: Bddy ~
- ~
S-A i ~ OF FiORIDA '
u- ~ ~
:'~'1.`JiY Of St• ~.~~@ _ 1
Befae me personally appeared P881 D. _ Bddv Jr . s~
Ga il C. $ddx his wite, to me well k~own and kr+own to me to be 3
e:ndividuals deuribAd in and who exec~ted the foregoing instrument, and acknowledged before me that they e:ecuted the same for the purpoaes ?
t
!~~•e:n eapresxd_ And the sa~d Gail C• ~dY - %
i
of the uid _ Paul D~ ri~s )y upon a sepsrate snd priwte
narion bY me ta:en separate and apart fra~n her said husaand, adcnowiedged to and befae me that she executed sa~d iintr:iment frcely ard volv~-
ar~d w~thout any canpu~sion, ~or.slra~nt, apprefwnsion, or fe~r of or from Ixr said husband.
WITf~ESS my hand and oific:a! xal th~s_ _ day of S~t~bel A D. 19 74
OlA.1~..~... ~ Z.~1~..,~s~RJ
Nosary Pub'.~c in and `or th ate of Florida at Lar~e
My Commisia~ eapires:.. ~ 1.; ~'?'S `
Return To: '
- ~
-:rst Federal Sav.ngs b loao Association , ~
Of fort P erce. 3- ~
~~~tir:•
fort P:erce. Plorida il~~q~~~ ` - ~i~_~~~'•~~ ' -
T ~ •
~Ep POtTIIA~ ~ • - ~ .
.
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~~BGEp ~ :
~p YEA i 1 ~l E (1 ~s
C ~ ~ l
c 's_ .
This Instrument Prepared 8y .T, H. Roberts Jr ~ ,
Fi; s! Federa) Savings 8 Loan Association „ OS ~ Q1:~ ; ~
of Fort Pierce ~ Florida 33450 - ~ ~ ' ` ' O`+ ' p -
~9~9'~8 ~;f~'~=~r r ~ ; -
:
Checked By~- - ~-'`J `
,.~r.,~ ~~v`~.
._~'.,,rt7= ~ ',1,```,
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g~Rx231 P~~~~O~
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