HomeMy WebLinkAbout0408 To plac~ usd contin~a»ly ke*p on ~M buildings now a iwreaft~? titwl~ on uid land a~d a? aN e4viprt+tnl and p~nonally covaed by Ihi~ morl~
with dl premwms lherwn p~id i~ fuil, i~ro iruurance in tho. uwal ttarxiard pot~cy fo~m. in ~ sum approv~d by ths MOR(GAGEE. ~~d windstwm
iruwa~c~ in the uiwi ~unda~d pol~ty form, t~ • ~um appioved by th~ MORTGAGEf, in wch comp+nY or ca^P+^iis as IM MORTGAGEE may
dindt ~nd atl f'u~ and winditone inwranc~ potrcies. on ~ny of ield build~np~. any lntenst ~Fw~i~ or p~A therwf, in tM a~eym ~w++ a(a~saW or '
in excsss IAeroot. ~hsll contsin tFN viual s~andxd mor~yage~ c~w~ o< <uch o~hsr cleuse a: tM Matqa9s~ may requu~. m~kiny tM bss ~ndK ~ad po14 ,T ~
cias, aach ~nd evsry. payable ro said MORiGAGfE as ~h inrereat m~y ~pp~ar, and eacA end eveey :uch policy ~lwll b~ promP~1Y +ts 9^+d +^d de~~vaed to
•ny heW by said MORTGAGEE +i forthsr wt~rilY lo said moHyays debl, and, no~ leu ?hsn ~a~ (IW d~ya in advanu of th~ txpir~tia+ of each policy, 1o t!r ~
liva to said MORTGAGEE ~ rersewai thaeof, topether with a receipt for the premium of suth ~enewalj and ~htrs ahall b~ no iir~ w wir+d~~wm i~+swa+~c~
pi~ced u? any of said buildinpa, any iroereit thsrsi~ w part thereoF, unteu in fhe (orm and with tF+~ lou payable u afwe~aidj ~nd in ti+~ ev~M any swn
of inen~y bromes payabk unda iuch policy w polkies aid MORTGAGEE shall Mvs tM opt~on to r+c~Ive end appty ~M sa~TM on ~aa+~~ oi tM ind~bt~d~
neu iacur~d hereby or to permit said MORTGAGORS ro reca~ve u+d v~e it or any parr ~hereal tor other purposes, wi~hovt the~eb/ waivi~g o~ ~mpai~•
inq any epuity, lier~ a ~pht ~r?dcr w by virtw of ~his mortpaye; and ~he eve~+t uid MORTGAGORS ahaU for any ro+wn fsil to keep the s+id premiset a
insvrad, or fail to deliver promptly ~ny of said pol~ties of insursnte to said NIORTGAGEE, a 1ai1 promptty to pay fully sny premivm the~efor a in +~lr S-~
reapatt fail lo perfwm, diuharge, execute, e~~att. comP~ete, compty with a:~d ab~de by lhia toveoanl, or snY Pa» hKpi. s~id MORTGAGEE may p~+ce a~+d
pay for wch insurance o"r any pa?1 ~hereof withovt waivi~ tx aifactiny any oplion. lien, equity, o~ :ight unde? a by virtue of tAlt Mwtga9e. and tM
fvll amounl o( each a~d every s~th payment tMll ba immcdiatety du~ a~d psyable end shal! bear interest +from ~hs dale t6+treof uMil paid N tAs raH ot
n~ne ps~ c~ntum per annum and togethe~ wi~h such interest shali be secure+! by the lien of this morty~ge.
t. To psrmit, commH or suffer no-waste, impa'vmeM or deterioration of said prope~ry or +ny put ?hereof.
5. Ta psy all ond stngular tM cosh, cMrgH ir~ OxpenSes, i~xtud~r+g a r~asonable atraney's fee m! costs of abstrsctf of.titl~, Mcun~d or paid at
rny time by w~d MORTGAG'.E, txcavse a io the ertnt of the fai':ure a+ the part of the said MORTGAGOR to duly, :xomptly ~nd lully pafpm, dixhug~.
e,cecuts. effett, complate. canpFy with snd abide by each and every tIx ~tipulatrons, agreemenri, conditions. and tover?snrs of s~id promiuory not~ and this
:nortgage any or ei~her, and said msts. cha?yea and expe~ses, each and every, shaU be inu~ediately due and payable: whethp or not tF?ere bs notit~ da
mand, atterpp~ to.mllect w wit ps~ing; and ~he futl amou~t of each and every such payment shall bea? interest iran tM d~te tMreof until p~id at tM
~ate of ni:~e per centum per annum; and atl iaid eosts, charpes and etipensra inc~rred or paid, toyethe~ w:th such inlarsst, aMtl b~ a~tured by 1ht lien o1 thw
mwtyape. t
6, That in the event of any breach of fhis Mortgage or default on ths pait of ~fx MORTGAGOR; W(b) io tM ~vent ~~Y of s~id wms of mon~y
here;n ~~ferred to b~ not promptly and fully paid witkin thirty (30) days next a{ter ~he same severalty become d~e u+d payaWt. witAout dem~nd o? notice.
or (c) in the evem eath and every IM ttipulstio~t. egreemenri. conditia,s and covenanrs af said pron+issory note and tfiis mwtga~e any a~ither ~re no1
iuly, pro~~ptly a~?d futly perFormnd, d~scharged, execured, effected, canpletrd, compt~ed w~th and ab~ded by, then io eitF+er o~ any such ~vent the said ~g
egata wm mer+tioned in said promcuory no!e then remaining unpa~d, with intere~t accrucd, and all moneys tecured he~eby, sMl) betom~ dw snd p+y-
ab:e forthwith, o? thereafter, at Ihe op!~on of said MOATGAGff, as f~fiy and cwnpletcly as iE sN of the said wms of mooty were o~igin~lly atipufated
to be paid oa such day, a~ything in said pro.~nissory r+ote or In this ARortgage to the contrary notwithstanding; a~d tFqreupon w thereafte~ at the oplion of
s.+:d MORTGAGEE, without notice w dema~d, suit at law or in equity, lherefore ot thereafter begun, may be prosstu?ed as if ~II moneys secvntd haeby
n~d maWred pr:or to its irtstitution.
7. That in the event that at the beginn~ng of or ~t a~y iime pending any w~t upon ~his Mortgage, or fo forecios~ h, or b?efarm _if, w to enforae
paymenf of aoy c+aims hereunder, uid MORTGAGEE shall apply to the Cour1 hsving ~u:~sd~ct~on thErebf for ih~ sppoiotmant of ~ Reuiver, wth Cowt shall
i~~~ri,wi!A appwnt a receiver of said mo:tgaged property ali and singutar, enciud~~ aN and singutar the intqn~e, ~of~ts, isiuss and rorenves trom whafever •
s:~rcr derived, each and every of whKh, n being expressly unders!ood, is he~eby mor~yaged ai if specifically~set forth snd d~w~bad in the 9r+~tinp end
habend~m clauses horeof, artd such Recei,rer shall have sll the broaci and affecr;ve f~ncr~o~is and powers in anywise e~trusted by ~ Court to a Recsive~, and
i.:ch appaimmenr shatl ae made by sucF~ Court ss an admitted equ~ty and a mauer of abso~ute rtght to said MORTGAGEE, and without.. rpferente to tha
adequaq w insde~uacy oi the value of the property mortgagrd or to the so:vency or in<_otvency of said MORiGACaOR a the defendaets, and that suth
re„rs. F?ofits, income, iuves ar~d ~evenues sha{i be ~ppl~ed 6y such Rece~ver ac~ao~~~9 ~o the iien w equity of said MORTGAGEE and the prxtios of such _
Cc~rA. -
B. To duty, prompe:y and fully Ferform, discharge, execute, effect, cornplefe, cernp:y w71h and a~':de by eath end evtry tFa stipulations, ~greemenls,
:o~ditions snd tovenants in sa~d promiaswy n~te and th~s mcrtgage sat fofth. •
4. Tfiat ~n the evaM tM ownersl~ip oi tfie rywti9ayed W~mises.' e~ a~y Wn t}xrrc+f, becomn vested .in a'peison otfier fhsh the MORT(iAGOR, th~
Y,CRTGAGEE. itt tuccessora and assiQns, mar, w~thout notice to the MORTGAOR, dea: w~th .such successw w aucuuw in- interest with refsrer?c~ to this
mortgsgb' awd" ffie debt hereby secured in Ihe same manner as with Nbrtgagor withoot tn any wsy viftati~p w discMrging the Mortgsgot!' ltabiliry he~r
under W upoh the debt hersbY seturod. No sa7e of'~}1s pre?nis~s hcreby +oortgaged=a++d iw lorbea?arue on ths part of ~M MORTGJIGEE w it~ wocessws
or assigns and ~o extens:on of the time iw the payment. of. the debt hereby~ s~tw5d. p~ven by IM MORTGAGEE a, jis wsce~sors a asaig~n, ih+Q opalale
ro retease, ~iic}~arge, mod~iy change oi affect the original liabi~ity of fhe MORiGAC{JR haein, either in whok a in part.
10. ff 'is spedficsiiy ~agreed that ume is of the- essence of ~hts contract and thst c~o waiver of- snx obli9ation Ixraund~r a of 1M obliyatton sc
cured hereby sF+alt at any tirne-~hereaher b~ held to be a waive~ Of the terms hereof w ot the imtrvment iecured.herby.
11~ In ad~:uoa ~a the ferego:ng montM~ payment; oF print pal end i~:terest requ=re~+- by tlif p?a++issory~ notc secured hereby. mort9yo? aoven+nri
ar.d agrees to pay to mo.tg~gee with each mmthlr payzneM eie addirional svm est:mated by mo(tgagee to bs eqwl w 1/•12 Pf the annwl tost of tF~e.folbw-
in9' - r o _
A-All real property taxes (evied or aasessed agai•~st the above desc~ibe~! real estate. .
~ B=Premiums on fire end w'~ndsrorm ~nsurar.ce as herein ~equ;red to be canied on the impiovements fitvate on the ebove described premitea.
i C--P~emiums on svcfi` rno~tgs9e gvarsnry inwrar.ce ss mortgngee sbai! from teme to time dedm fit to qrry on the 1oai~ setwed hereby, ,
~ Alprtyagee shall ttm!-time_latirtr_rotity_nwrt9a9ot in.v~rriting of.tfte arng~nt due and p3y~ble ~nundel +nd such sum shall thereupon be due and
~..~yable on t~e due date of the next month:y payment and each sui:ess~ve montn ~hereafter ur.til mortgagee shall notify mortgagot of • tha~ge in svch
,~-ount. Such sums sh.a~l he appiied by mortgag~e fovcard 1he payment of real property taxes, insurance prem•ums, and qwrtgage guaraMy insutsnce
;;~emiumi. • . ~ , ~ .
IN WITNESS Y~HEREOF, ~he said FAORIGAGOR has hereunto set his hand and seal ?he day and year first afoiessid.
Signed, Seskd and delivered i~ the preserice of: = '
. Q.~^'... ~ a~
. wi iia~ J. hertv.__ sinale adnlt
~b
- ~~n
c'ATE OF FLORIDA ! • ' .
S5.
cour.~rY oF St. Lucie i ~
Before me penonaliy appeared Willia~ .1~~_1~pYt~ a s~L~l o j~d~+it /f?~
~K'tiA(! to me well knawn and known to me fo b~ ~
~~:e i:idividvel dewibed in end who executed the foregang instrument, and acknowledged be5ore me that he, exetuted the ssme for tF~s purposes
rh~rein expreSSCd. M~1F~s~~+~
.~.~ie•ac,+,..:~ ~..eM~+~.n+.t pwr
_w ~rwi.uio~.t~ ~a..rikri sepawn.aod ipui ~ro~ 1vr~a+d ~w6aod.a~ed sv.acd ~tor~ ay ihrLibs ~a+isd yeid.ipiirYroeiDL~iAt~Y1~YQ1Y~
--«rar,a~.+tl~ee.~sr'~terwp~lwe~+r~~•4wtr.p'ee , .fa.~.t•..~~w.i~..v.id~iw,dt.nd. . .
. WITtdESS my hand artd official seal th~s day of ~Ct~@Y A. D. 19_7_4._
p~
2~ ' fItEO AMb REC Notary Public in snd for tate of f{orida at Lary~ r
S.T. Lt~C1E COUN My Co~+ws~on ~x~r~s: ~
` F RoCEP. POITRAS %D; 3~~~e~„G ,f,,,
aetum To: ~,t
CIERK CIRCUIT COU~ L~~ _
First Federal 5avirtgs b loan Auoceation RECORDYEA~FIED~~~ ~C~".~~~ ~~~'yY~
1>,'~•
Of Fort P,erce. . 1
forf Pierc~ Fiorida ~ ~fl ~
OcT 15 2 av PM - , •
. ~ , ; ~
~ . Y. • Z
29~0'7 _ y;, - • _
~ • , J • ` ~ • 1 . / ~
7his Instrument Prepared By J. H. Roberts JY. a'd L~ :'~V;
First Federal Ssvings 6~ Loan Association ' % -
~ ~
of Fort Pierce ~ Florida 33450 • • , , ` _ ~ ^ ~ ~
~ v~ . ~ ~ ~ ~ ~ -
Checked By ~ _ '
govK 2~33 P~~ 408 ~
~ ~
7
r
- :;a_G;.°-,.,-
- ~ ~ -Y- ~
`,~yy,~ s.-.- ~r~,~-, _
s
~ _x x ~4~.~~.~ ~i . ~ . _ .