HomeMy WebLinkAbout2164 To pt~ ~.~d con~inuovsly keep on 1M bu~ld:~gs now a hK~afra ~iwat~ on s~id land aid on ~il eqv~nwen ~~+d v++son+~h covt~rd by tihis +nat~
~ga. w~th all premwms thar~on pa~d in (vl4 ti~e insura~ce u~ the uwai uandard po?~cy tam. :n • ium apprwed bY 1M MOR~GAGfE. ~^d wind~~w++~
~nsw~nce fn ~M uswl srar~rd poticy iam. In ~ wrn ~ppro•~~d by tM MORIG~?(iEE. in wcA companY w com~+^ws K~M MORiGAGEE ~y
dilKij M1f~ a~~ ~~1! WiM~fANT ~fqv,tNK~ pWitilf Of1 ~~1y O~ 3~id bHild~ngl. My {f~!lfe3~ tIllffYl O! Q6?! tllttW~~ ~I? I~ JQ~OQ~N iW~~ a+Wtiald O~ . ~
in eacea thawf. sMil conuin tM vswl sra~,dxd ~nortgag~e clause c~ :uch aha c~,us~ ~s ~M Ma~9aqe~ e'?+Y ~puu~. mat~^O ~l+c bas ~"de' s''d Pai~ •
c~es, tach u?d every, payabie to sa~d MORTGAGEE as its imcrrsf may ~ppea~, and cvch and tvery such p.~i~cy shall bs p~omPt~Y +st 9~d +^d de~'Y~'~d ~o
~ny hdd by s~~d MORTGAGEE u fu.~he~ srcu~ity to sa~d mort~age deb~, and, ~ot Isu ~han teo tiJ) d+ys ~n +dranot o( tM expi+ation ol s.ch pol~ty. W dr -
t~ver to t+id IYIORTGAGEE a raxwal thereof, to~ether with a rece+pt {or ths p~anium oi such renewal; and thae sh~ll be no i'ae o~ w:ndstu.m i~swa~c~
plsced on any ol iaid b~rildinpa, anr ietcrqt ther~i~ p p~t thereof, ~nlcss in ~hs form and wifh the 'oss payable as afa~ss~d: ~d in the ev~nt any swe
of mon~y becomes paYable u~ wch policy or polici~s uid MORTCsAGEf tAall have ~M op~~ ~o nc~1w a+d apply ~1» s+n+~ on +ecou^~ d tht ~ndebtd~ ~
neu secured Ae~eby or to pe~mit wed MORwAGORS to recrive a~+d us~ i~ ot ~ny part thercof ior o:iu. purposes. .•~~~hout ~1~=«~/ wa~•"9 0' ~mpair- .
iny sny equity, lien o~ right w+der o~ by virtve of Ihis mo::9aye; and 'u? ~M eve~+t sa:d MORTGAGORS shall ior any reason fait to ~eep ~Ae s+~d prsmisr~ so
~ns~red, p fai) to deliver promptly anY oi said polKiea of insuranc~ to ajid MORiGAGEE, or iz~~ Piunp~~Y ~ P+Y ~~~~Y ~^ll P~Q'*"um therefo~ w in a~y
raspect tail to perform, dnchuge, execuro, eFtect, comple+e, co~~ly wi~h e~d ab~du by th~s coven.~nt, u any part l+eraof, sa~i MGRTGA~EE may p~xe and
pey fw wch Eniwance w any pa?t ~hereof w~~hour waiv~ry or sifeceing any opuon, tien, aq~;ty. e~ ~:9ht u~der or b~ v~~tue of ~h+s Mw+yaQs. +~d ths
f~fl amo~nt of exl~ and ore~y such payment shall be ~mmed~ately dve and payable arul ~haU bear b.~eresl from tM dat~ thc~eof until r_~d at the rat~ ol
+~~~~e per cmwm per annum and *w7eit+er with such infe~est sha~: br secwed by ~he l:en oi th~s mwigage.
4. To pe~mit, commit or iuffer no waste, impairment a detrrioration o( sa~d p:operty o~ any pa~t theroof.
~?o pay all and siogular th~ costs, charyes and expanses, including a reaca»bN a:torney i fes and costs oE abstr.tts oi tiile. inourred o~ psid at
any time by u~d MORiGAGEE, because a in the event of the fa~lure on the part oi ~he said MORiGAGOR ~o duly, promptlY snd iu~~Y P~form, d:xharg~.
execute, e((ect, complete. ca*+ply w~tk and ab:de by each aRd every ~he ~~~pu:at~ons, agreen~nts, condifions, and corenants of said prom~ssory nwe and ~his
mwtgage any or e~~Frcr, and sa:d costs, charges and expenses, each and every, anall b~ ~mmediately due and payable; wlxther or na there be notice d~
mand, attempt ro colkct w wit ps~d~ng: ar.d ths tvll amcwR! of each and every such payment shaU b~ar in~s~est from tM d~t~ tiweof wuil p~id at tht
ratr of n~ne per cemum per an~tt:-~; arw all sa:d costs, charazs and eaptnses inturred or paid, loyether with suth interest, shall b~ setured bY the lia~ of thw
mwtgage.
6. That (a) in the event of any brcxh of this Mwtgage or deFau~t on the part of Ihe MORIGAGOR, w(b) in the eveM snY ot s~a! sums of rtw~ey
herein referred ro be nW promptly and (ully paid w~~hin tfi:rty (30) days next afrer the s~rnt sx~alsy become due and paY+bt~ wNlwut dem~+d w notice,
or {c) in the event each and every the stipvla~ions, agreemeMS, cond~tions and covert~n~s ot ss~d {xomissorY ~wt~ e^d th~s mortp+gs +?ryl a eithar ue ~
iulv. promptly and fully perfwmed. d~xharged. executed. eifected, can~,leted. compl~ed wirF and ab~ded hy. then ~n either w ~ny such event the sa~d ap~
~r~ste sum memaned in said promissory r?o'e then remaining unpa~d. with interest accrued. and ail moneys secured hereby. shall bttort~e dus and p~y-
ab:e fathwith, w thereafter, at ~he opria? of said AlORIGAGEE, u fuily a~d comple~ely as ii all of the said wms of rtaney were aginally st:pulated
ro be pa~d on svch day, any~hir+g in se:d p~otn~ssory note or i~ this JNortgage to the conhary notwithsta~ding; and therevpon or thereafta at the ap~an of
s3~d MORTGAGEE, wifhout notice o~ de~nanJ, wit at law or in equity, thercfo~e a tArreafrer beg~n, may be proseculed as if all moneys seou~ed herebY
nsd matwed {NWt ~o its inalitution. . . ~
7. That in the event that at The brc~~n~~9 of or at sny time pendtng any w~t uFon ~his M.ortgage, w to foreclos~ it, or to refor~n it, w to enfwot
F a ~mem of any clnirtcs ixreunder, sa~d tu10Ri(',AGEE shali apply to the Coun hav,~,g ~ur~sd;aion ~FKreof iw the appo~ntmaa of a Reuiva, s~xh Caxt sh~~~
fo::hwirh appoim a receivcr ot said mwtga~cd property alt a~d singular, ir.cSud~ng a:l and s~ngu~ar the iixoo~e, pr~fits, iuues and revernxs from wFwtever
s~.:•ce derived, ea:h and evrry ef whxh, ~t lx~ng express:y understood; is hereby mor~gagrd as if spK~ficalty set fath and de~aibed in the ~anting and
hei~endum clauses hereof, and s~ch Receiver sha!i F~a.r aI1 tt?e broad and effective fu~ce•ons and powera in anywise enuusted by ~ Cow~ fo a Receiver, and
s:.ch appoin::aent ?~al! be made by such Cou~t as on admitted equity and a matter of absowte rght to ssid MORTGAGEE, and withouf refere~ce to the
aceq~aq w inadequscy o4 the value o( the property mortgaged o~ to the sotvrncy w inwlvency of ssid MORiGAGOR o~ ~he defendants, a~d that u?ch
re~+n, profits, income, issues and revenues sh.~t1 be app6ed by such Recei~er accord+.-3 ro the :im a equity of said MORTGAGEE and the pradice of such
Court.
6_ To duty, promptly and fully perfwm, dischargr, execute, effect, cor+~lete, canply with and abide by each and every the stipvlations, sgreemeMS,
conditioni and covenants ~n sa~d prom:ssory note and ~his mortga~e xt fwth.
9. Thal in the event the ownersh7p of the mortgaged prem~s_n, ar an~ part thereaf, bccomes vested in a person otFer thsn the MORTGAGOR, tha
t.•~RTGAGEE, its auccessws and assgns, may, w:thcut ~orice to the MORTGAOR, deai w~th such wccessw or wccessor in interest with reference to this
^~o~tgage and the debt hereby setured in the same manner as with Mortgaga without in aoy way vitiaYug ot d~scharging /he Mortyagwi ~iabi~~~y fi~ra-
ur.der or upon the debt hereby secured. No sale of tt~e premius hereby mortgaged and ~o forbearance on the part of the ARORiGAGEE or iri successws
or ass'~gns and no extens=on of the t~me for the paymem of the debr hereby sec~red given by the MORTGAGEE or its successors or us~gns. shall operate
release, d~scharge, modify thange w affect tne orig~nal liab;lity af ~he NAltTGAGOR hcrein, either in vrhole a in put.
10. It is spedfrcally agreed ~hat time is of the easance of this contract and that no waiver of any ob~lgstan hereunde~ or of the oblig+tion se-
a,red hrreby shall et any time the~eaftr. be he!d to be s waiver of tha terms hereof u of the instrumtnt secured IKrby.
11. In add.t;o~ to the iwego:ng mor.tn!y ~aym~nts of p.i~c pal and inrere:t requ~red by the prom~sso~y ~o!e secured hereby, mwtg igor covenants
a~~d agrees ro pay to mo~tgagee with ea:h mon~h'.y pa~ment an a~J:r~ona! sum esr.~:ated by mo:tgagee to be e.7ua~ to 1/12 of the annusl cost of the follow-
"'3:
A-All reai ~ope.t;- taaes levizu' w assrssed ag>i•:s' thc a6ove desvi~d real estate.
B-Ptem~;cros on fire and windsiorm inw~arce as ne:e~~ requ~red to be carrifd on the improveme~ts s:tuafe on the above desvibed prem~ses.
C-Prem~vms on such morrgage gvaranty irsu-ar.ce as mortgagee shall froT t~me to time deem fit !o carry on the ban secured hereby. £
Mortgagee shat, from t~~ne to t~me no~~fi mo~tgager in writ~ng of the a.r.o~~t dve and payable hereundcY and such wT shall thereupon be due and ~
;.rrable on the due date af th~ next :nomh:y paymem and each succes~ive m.onth tnereaft~r ur.til mortgagee shaU notify mortgagor o( a change in s~.:h i
amount. Such wms sha'1 be app~ied by mwtgag~~ tov:ard ~he pa~ment of real property ta:es, insuraxe prem:~ins, and mortgsye guaranty inwrance
c-emiuma.
IN WITNESS WH~REOF, the said MORTGAGOR has hereunto set his hand and seaf the day:nd year ' t aforesi
Sig -al and livered in the p~esence ofe - ,
n
~ - ence . ex o
- ~ ~
- ~ ra . x ~
STATE OFFLORIOA ~
~t. Lucie ~
couNnr oF
Befae me personatiy appeared Clarenea J. F2exford ,~,d ~
Sara R. Rexford ~ w;fe, to me well known and krwwn to +ne w b~
the individuals described in and who executed the foregoing instrument, and atk~wwledged before me that they executed ihe same fo~ tha purposes
r~erein expressed. And the said Saza F. Rexford ~tt~~s<<~~~.` , .
Clarence J. Rexforc~ s'-~'
;~.~„y; ~ P,;,,,~. :
~.~.'e of the said _ - ' . :
eram~nation by me take~ xpa~ate and apart from her sa~d h~sbrnd, acknowiedgrd to and befwe me tFwt sbe execvted said~instlirm~wl.fle~J~~6~volw~- ;
ra.~Iy and without sny computsan, co~straint, appre,hens~~.n or fear of or from her said husband. , Q~",~ LL : '
NITNESS my hand and offic;al seal this_ (!~l day of SQ tembeY V
I,_ J • _
ary Pubiie in and for thCStafe:Of~ di(~~ ^
Commissic:
Retum To: Y . awpires:~~t, T
First federal Savi~gs a loan AssociatEon ~~'•f'~' ~ .
Of Fort P=erce.
fort Pierce. Fiorida
~„?"°~c°'aE~
~ R~~ POtTRAS ~ ;
r
~~a~ c:acwT ~T ;
This Instrument Prepared By Gar y F. Ellwood gF.CORD VERIf1ED
First Federal Savings b loan Association ~i0 Ol ~~q,r
of Fort Pierce, Floricia 19
cr,~~a By ~ 291091
800K PACE~1~ -y
~A
- -
~
-