HomeMy WebLinkAbout1988 ! u•, oow or hereefter s~~uat~ o~ sa~d ~and and oo aP eq~iprnen~ and persooally cov~rad by thi~ ewr~Q-
io pl~c~ arn! con~~nuouzly teep on ehe bu~ J~ga
sge. w~th ~11 p~emivms Ihe~con pa~d m fuli, fue in~„rance in ~he ~swl sta~x/a:d puhcy form, in ~ sum sp~xoved by the MORtGAGEE. •nd w~~ul~twm
~ns..r~nc~ in IM uswl standard Fol~cy forrn, in a:um approved by ~hs MORiGAGEE, in such comp+ny or compamt~ +s th~ MORTGAGEE may
d~recr; •r.d all (ir~ and winclstorm iniurante polit~rs on any ol sa~d bu~td~ngs, any in~ereat therein o~ pu~ ~hereof, in IM agg~eyatt sum ataesaid o~
in exceas IAeroof, sfiap crnlam the ~sual s~a~idard mo~~gagee claus~ o~ sucA o~her cia~se ~s ttq Mo+ty+gea may ~eqw~~. makiny ~ha ios~ unde~ ~a~d polf ~
c es, each and overy, pa~abse to iald MiJRiGAGEE as ~ts i~trrast nuy appaar, and each and e+e~y ~ucA po~~cy shall be promp~ly a~s g~:~J and de!ive~ed ~o `
any held by u~d MOR(GAGEE as i~nhar secwify w ss~d mor~yags debt, and, not :ess ~F+an ~en (16) days in ad+a~xe ol the expiration ol each pofcy, to d~-
L~er to f~id MORTGAGEE a renewal ~hereof, together wifh a roce~pt (w the premium ot such renewa~: snd there shall ba no i~re o~ wlndiwrm iew~ant~
pleced on any oi wid buildirags, •ny intar~st there~n a part thereof, unlCU in ~he 1o~~n and w~th ~he toa payable as atoreseid; +~d in tFx evenl ~nY ium _
of n,oney becomea psyab~e under such po~ity w po~lue~ se~d MORiGAGEE ~hail havs tlw option 10 ~tteive end apply 1he same on accouM of the indebted~ '
ness secured hereby or ro permi~ said MORTGAGORS ro receive and ~se it ot any part H~~.eo1 ~o~ o:h~r p~r~_oses. witho.~t tfi~~.u~ wai~.~~~~ or unpair- ! l ~
~n~ any equity, lieo or riyht uncier or by virtue of ~his mo:!gage; and in 1he evenl se:d MGRIGAGORS aiwl~ for any reato~ fail to k..~ep the sa~d p~emisas so
r.uwed, w fail to deiiver promptly •ny of sa~d po~~cies o1 insurarts !o said MORTGAGEE, or faii promplly to pay fully any premwm therefw or in a~y
res~•ed feil to perfwm, d~scharge, executa, effect, compie~r, camply with and abide by th:s covenaN, a any parf htreoi, said MGRfGAGEE may place and
,>a; for such insu~anct or any part thereof w~thout waiving or affecting any oN~~on, Uen, eq~:ty, o~ r~gM under a by virlue o( this h~o~tgage, and the
f.:i amounl of each and every such pay~nem shall be imn~d~ately due and payab:e and shall bta~ intere~t from ths date the~eof until paid at Ihe rate ol
• e per Centum per annuni and to~ether with such innrr~st shali Le srturtd hy Ihe lir~ of fh~s ~*~ortgage• -
1. To permit, commif w auf(er no waste, impairmtnt or det~Y~orat~on of "seid propr~ty w+ny p+r1 thereof.
5. To pay eH a~d singular the coats, charges snd expenses, includirg s reasonab~e attwney i fee snd costs of abst~acts oi title, incu~red w paid at
jny ti~ne by said MOR:GAv:E, because w in the event of the fe~iure on ~h~ part of ihe sa~d MORTGAGOR to duiy, prompttY and f~lly perfwm, d~icharge.
e.ecu~r, effecl, complete, comply wrtb and ab:de by each arxJ every the atipulanons, ag:eanents, cood~tions, and covenants of said promissory note and ~his
,~o~tga~e any or e~~hcr, and sald tosra. tharges and expenies, each and every, shall be immrd~ately d~e and payable; whcther a not ~F.ere be no?ice da
~ran~. a!te~npt to coflett or suit pend~~9: and the fufl amoun~ of each and e~cry such paymem shatl bea. ioteres? (rom :he date the~eof untit paid ~1 the
e; ni~x per cent~m pe~ am~~~; and a1I said cc:is, charges and ~apenses inc~r~ed e? pa~d, together w~~h such interest, shall be sec~red by the lien of this
~n:,r!gaqe. ~
b. That (a) in the event of any breach of this Mortgage or dafautt o~ ttr_ pa~t of th. MORTGAGOR, or (b) in the evenl sny of- saFd sums oi mo~ey i
herein referred to be not pranpt{y and iully pa~d v~~rhin thuty (30) days rsext aiter {he sa~ne aeveraEly beturne due and payable, without demand ot no?ice. _ ~
cr in ~hr evem each and every the stipuiations, ag~eemems. cond~tio~.s and cove~ants of sa.d promissorY nole and th~s mortgage any p either are not
~~;y, promptly and fulty per}o:med, d schasg~d, executed, effec~ed. canp4eted, com~;:~rd vr~th a~~d at~ded tiy, then +n either or any such event the said ag ~
~~~_~ate sum memia~ed in said pron»ssory note then remaining unpa~d, w~th inte~est accwed, and a1{ moneys secured hereby, shall betome due and pay-
eo e forthwith, or thereaiter, at the opr~on oF said btORTGAGEE, as fully a~xl co~~pietely as if all oi the said sums of money were aginally st~pula~ed
~o be paid on such day, anything in sa.d pro:n~ssory note or in tnh 1lurtgage to the canvary notwi~hstandi~~g; and thereupon or ~hereafter al ~he opGon of
sa:d 110RTGAGEE, withaut not~~e or deinar~d, suit at taw a in eyuity, there'tore or tl~creai~er begun, may be prosecuted as if all moneys satured hereby r
i
n.~ nidtuflf~ pnOf t0 it3 initituhOfl.
7, Ihat in the event that at the beginning of w at any fime pend~r+g any suil upcn ~t,is Mo~tgage, w to.fweclose it, w to reiwm it, or (o enfwce
~:~.,ent of any daims hereunder, so~d AtiJRTGAviE shatl apply to the Coun ha+ing iu~~sJ:ct~en thereol (or the appomtment of a Receiver, such Coun shaU
~ ~~.vith appoint a re:ei~rer o+ s3~d mcrtyaged prcr•=rty ali and sinyular, in~iud ng al! a~id s~nyu~ar the income, prolds, issuef artd ~evenues (rom whate~er
~ derived, each and every of wn.ch, rt bPirg ecpressty understood, is 1:rr^oy n~~•rtgaged ~t if spec~titally set for~h ar+d descr~bed in the granting end
i,;_~~^dum clauses hercof, and wch Recei.er sha~: have a!1 ;he broad and effec+~+a f~ecr ons and powen in soywise entrusted by s Gov+t 1o a Receiver, and
s-~~ appoiatment shall be made by such Court as an ad~n~ned equ~ty and a nw~ter of rbnolute riyM to said MORTGAGEE, and without re(erence to the
:.~:,acy w inadequacy of the vaiue oi the pro~xrry mortgagcd or to tne sanrncy c• ~~~so.~•ency oi said MORiGAGOR w the defendants, and that such
- ~s, profits, incooie, issues and revenues shatl oe applied by such Receiver accerd~ng iu.~he tien or equity ol said MORTGAGEE and the practice of such
l.^Jf7.
8. To du!y, prompt!y and fu~!y per(o•m, d;scharge, execute, effect, comp~ete, co^~.;:ty with and ab~de by ,each a~d every the stipulations, agrcements,
:=~;d~t~ons and covenanri ~n ,a~d promis:ory rote and th:s mortgage set fortF..
9. That in the event the own?rship of thc mwtgagcd prem~ses, or any pa~t thereof, Eetomes vested in a peraon other than the MORTGAGOR, the
~^.?TGAGEE, its a~ccesw•s and ase~gns, may, w~thout no~~se to ihr V1QRTvs?OR, deal wf~h such succesaor w successor in interest with reference to this
~•fgage and the dabt hcreby secure~ in the same mar.ner as viith lnortgagor without in a~y way vihating or discharging the Mortgagors' liability herr
-,i~r or ~pon the d~•b~ hereuy secured. Wo sale of ~he ~.~emises hereby mortgaged ar.d no ferbea~ance on the part of the MORTGAGEE or its successors
c- ass~gns and n~ exrension o! thr t~m: for the paymtnt of ttie debt hr.eby sec~red given by the 11~ORTGAGEE or us wccessws a auigns, stiail operale
~o re'ease, d~xharge. modify ch~n9e o~ affect ths o~ig~nai liauil~ty oi the MORTGAGOR he~ein, eilher i~ wlple o? in pu1.
10. It is spec~fica~ly agreed ~ha~ t~~ne +s of the essence of this co~trad and that no wsive~ of snr~obtigation herevnder a of the ob~gatan sr
c~~ed hereby shalt at any time the+eaiter be held to be e wa~~er of the terma hreoi a oi the instrumeM secwed he~by.
11. tn aciddic~ to the farego:r~ monthiy payments of princ pal artd ir~erest rey~~red by Ihs p~omiupty oofe securad hereby, mortgagor tovenants ;
~-:i ag+ces to pay ro mo-~g~gee rtii'h each mu~»h~y pa~r :ent an add:+eonai s~m esrin,ated by mortgagee to be equal to 1/12 of the annual cos~of the follow- ?
. }
A-AI! real propeM/ laxes levir.~ or assesssci agai•~st ~i,e above desc~~bed real es!ate.
B--Pr~•xuums on tire arsd windstorm ~nwranca as he~e~n requ:red to be carricd o.~ the improvaments situate on the above ~esvibtd premises.
e
G-Prem~ums o~ such mortgage guaranf~ inura~~ce as matgagee shall jrom t~:nr to time deem fi1 1o carry on the ban secured hereby.
'i Mo~tgagee s~a~f from Nme to n:~e r.otif~ mcrrge~ar ~n w~it~ng o~ t6e a.r,ount do> and payable hereundrr and such sum shall thereupon be due and
! ..,h:e on the dve date of the next ~~o~th!y payment and eoch successive month thereaft~r ur.tif mwtgagee shail noGfy mortgagor of a thange in such
~ ~,;nr. Such sums sF.elf be appiied by mortgagae toward the payment of reat properfy taxes, insurance prem:ums, and mwtgage guara~ty insurance
~ ~ ~~:•~ms.
F IrJ V11TNE55 :YHfREOi, the sa~d MORTGAGOR has hereunto set his ha~id and seal the day and ear first aforewid.
~ 5' , Sealed and ~:vered ' the ptesence of: ~
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1~11tit1e88 ~~Ea ~jTR/f ~ ~ ~ c~+n `
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~"%.?c OF fLORIDA ~ 3 Mz PM .
".;UNTY Of ~ A/VVV~ ~
Before me personaliy appeared - ~Cha~ Q• ~nt~ aod
_ ~~~I1~ W~ Kitlfi~7 his wife, to me well known and known fo me to be ~
~ individusis deuribed in and who executea tFu foregoing instromen?, and acknowledged bcfore me that they exetuted the same fw the p~rposes ?
rr~~•ein expresaed. And the saici~ vir6lnia ~1. Manthey
of the saEd _~Chil'd ~lti~ vpan a sepsrate a~d priv~te
nation by me taken :eparare and aFart lrom her said husband, atknowfedged to and befwe me that she executed said instrument freely and volum
_-.y and w~thout any compu.s~on, constraint, apprehe~s~on, oG fear of o~ from her said husband.
OCtiO~! ~
Y!{TNESS my hand and offic]al seat th~s_ day of A. D. 19
~ • ~ /
Notary Public in and fw the State of Flotida at lar~e
~ My Commission exP~«s: „ Naiar~ i':.~ ~'t. S'."' 0. ~1 :~8 dt ~IQ~
~ ' Ret~~~ To: . . . ' 1976
My Comm::•~:.~ ~ .r:.~s : ::,y 3~,
F:rst Federal Savings b Loan Assatiat;on {y ~r.u~ F:rs 6 Gwstt~r Co.
~ iSt;t
Of iort P:erce. 'T.' •
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Fort Pierce, Flc.~da ta .~a.~, ~
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This Instrument Prepared By S. BMt~L f' Q~~ : J~
s ~ ~ O O : L ' .
First Federal Savings 8~ Loan Association ~
~ of Fort Piercg F'10l1da Z 4~gJ,;k~~
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- Checked By /~~~~h"L,=~.. ' ~~~~`~~,x' ~
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