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HomeMy WebLinkAbout0890 To plac~ ~nd oonti~wously kNp on tM build~?ys naw w 1+K~attK siluaH o~ said land and on ~II pwpinsnt ~nd penonally covKed by thi~ mort¢ p~, with ~11 pr~rt~iwM ~har~on p~~d in iull, fir~ inturanc~ in ~M uwal u~~d+~d policy fam, i~ • ~um approv~d by tM MORiGAGEE. ~nd wind~torm i~nw~nct M= th~ wwl ~~a?dard pol~cy fam, in a wm ~pproved by tM MORTGAGEE. io wch comp+ny or oompanies a~M MORTGAGEE may dinNj and all fln ~nd winib~orrn bnw~nu Po~ki~s on ~ny ol s~id ,buiW~nps, any Mtsr~~1 tFwr~in a put Ih~r~of, in IF» pp~pat~ wm ~faaaid w M eacea 1Mrwf, ~MII con~~Fn 1FN wwl stand~rd ma~yaqN ciws~ a s~ch al?a cla~s~ ~s tlv MatyWe~ may rp~u~. ma?inp 1F» Iws u~da~ t+~d po1F cia, ~ach and ~v~ry, piY~bl~ to ssk! MORTGAGEE a~ its in~oresl may ~pp~ar. u+d ~ach and ~very s~ch policy sMil b~ promptly ass:qn~d ~nd dNivaed ~o 'X. ~ny l~Id by said MORTGAGEE n fwthM ~cvrity to said mort9p~ d~W. and. cwt 1~ th~n t~n l10) d+vs u+ ~dva~u of tM ~xp{r~tion oi each policy. ro dr liwr b s~id MORTGAGEE • rar»w~l 1hKwf, topNhp with a nteipt fw tM pr~mivm oi tuth renewalj and 1F~~ ~l++11 b~ no fir~ w wi~dst«m iownnt~ plapd on ~y of s~id buiWup~, u+y intKat thK~in w p+rt ~he~~of, unku i~ tM (wm end with tM lou payabl~ a atu~~aidr end i~ ~M ev~M ~ny sum ~f mo~y becon,K p~y~bl~ und~ wch pclky or polici~s said MORTGACaEE shail Mw ~M opt~on to ~~uir~ ~od appfy tM swn~ on ~ccovi?t of tM Gdabt~ nys Ncy.~d F~~by p q pe~mit caid MORTGAGORS to nceiv~ and us~ M or any pu~ ~hereof for o~her purposes, wi~hou~ ~he.ebl wsi~~ny w ~mpair- - irg any eqv;ty, Ii~n w ripht w~da o~ b~r vktw of this monyap~; and in tM ~ve~1 aid MORTGAGORS shall fa sny nason t~il to k~ep tM ~aid p~amisa io inw~ed. w 41t w d~liwr promp~ly any of said polKiei of inswanu to s+id lNORTGAGEE, or fail promptly to pay fu~ty ~ny pre~+Ium the~efw or In a~y . resp~ct fall w p~rfon+A, d~schuqe, ex~cut~, ~ffecl. complete, comply with and abide by tha covenant, p a11y pM1 INt~OF, u1d MORTGAGEE may plaa +nd ' p~Y fcr wch i~ranc~ w any p~rt tl+Keof witho~t waNinp or affectinp a~y option. Ilsn, puity, a?yht unda~ a by virna o1 Ihis Mw~yay~. a~+d the = fvll ~mowH of ~ach and wery such P+Ym~^t shall b~ imrnedi~tety dw snd pyabh ~r~d slull ba~r Interat from th~ da~~ thtreof until paid at th~ r~~t ol -ti ~ine pt~ ceotwn pK. anrwm and to9ethtr with auch inf~rest shall be secured by tM.l'~ee~ 01' lhis mort~+ye. . 4. To pKmit, oommtt x wff~ ~o wul~. imp~irment w deter~.x~tioa of s~id propaty or ~oy p+M thsreof. S. To pay all ~rd si+g~tar th~ cosb, cMrpa +nd ~xp~nsas, includinp • reasonabl~ ~ttornsy's fea ~nd o~sb of ~bs~r~cn of titl~. incun~d o? piid st u~y t~ne b~r said MORTGAGfE, beuuse w in the ~vent of the tailure on tM paM of ths said MORTGAGOR to duly, p.omptly ~nd fully psrfo~m, d~ich+r9R ~xccvte. effed. complste. compty wi~h ar+d ~b:de by ~~ch and every the stipul~t~ons ay~eements, conditio~a, ~nd wvenanq of ~aid promisso~y note and thii mortpay~ a~ry? a either. and said cosq, charpea and ~xpe~ues, each and ~wry. ~h~ll b~ immediatety dw ~nd pay+bl~t whetl+N a ooe tl+ere b~ notice dr m~ncl, anempt ro coll~d or wit p«x4npj +nd th~ fv11 amovnt of eacl? and wary uxh paYmem sh+lt bear int~rat iroen tM d~~e tlwr~of until pald at the rate of nine per centum per aiu~um; and all said costs, cMr9es u+d expcnses inn+rred or paid, toqeths~ w~th s~ch intersst, sh~ll bs set~red by tF+~ liea of this maty~p~• d. 7Mt W irt tM went of any bre~ch of thia Mwtg~ or defwlt on the part oi ths MORTGAGOR, a(b) M tFa ewnt s~y of ssid sums of mo~ey ha~in r~fNred w be aot p.ompHy and fu!ly paid wirhin thirty (30) days next ~fter tht samt ssverally becan~ dw snd payaW~, withovt d~mand w oaice. or (c~ in tf+s ~vem eich ~nd wery ~he stipvlatian, ~g~eemeros. cond~tior~s u~d coven~nn of u~d promiuory iwt~ ~nd tfi~s matq~~ anr a either ~re ~a1 iuty, ao~+Pry u~d t„ty ~to~~d, d~schar9cd, eaecvtsd, eifeded. completed, complied wi~h sod abided '~y. then in e~tMr a a~ry such ~wnt tM s~id ag prey~te wm memioned in said promiuwy note then ~emaininp u~paid, witfi intaest acaued, +nd all rraneyf secured hereby, ahall becane dw snd p+Y- abl~ iorthwith, a thercaher. ~t th~ option of sa'~d NSORTGAGEE, ~s fuily and comple~ely as if sfl of the uid wms of morwr wera origin~Ily stipulated ro be pa+d on wch day. anytt?7rg in sa~d pron+iuory rats u tn thh IVAatgage to the contrary nc?withstindirg; and thereupon or ther~atter at tM op~~on o~ uid MORTGAGEE, wi~how notice o? demand, svit af law or in eqvity, thcrefae or thereafier begvr?, may be prosecuted as if aIl mooeya secur~d hereby h~d maturOd piw ro in iattitution. • • 7. That in tM event that at ~he beginning o( or st ~ny time pendinp my wit vpon thia Mortgage, w to foncloss N, w to roform it, or to enfwq payment of uiy daims haevnde~, said MORTGAGEE shall spply to the Court having jurtsd~cuor~ thereot for 1he appointma+?t of • Receiver, such Court shall Fathwith ~ppo+nt s receiver of said mort9aged property all and singular, inct~d~rg all snd sinpul~ tF» i~comt, profita, iswss and rwenues from wMtev~r sovrte derrved, tath and every of whicl~, it bc+np expreuly undentood, is he~eby mortga~ed ss if speci(iulty sst forth ~nd deft?ibed in the ~rsnti~p and habendum cl~vses hereof, snd svch Receive~ shali have all the b.oad and effective functions and powera tn snyyvise entru~ted by ~ Couh to a Recaiver. ~nd such appointioent shall be made by svch Cowt u sn admi~ted equity arx! a matta of absolute ?iqM to s+id MORT6AGEE, u~d without nferenu ro t1+~ adequacy or insdequacy o~ the wlue of the prope.ty m0~?gagcd Or to Ihe soMerKy or inwlvency of s~id MORIGAGOR a tM defendann, and that such rents, profin, income. i:sues and revenws shall be app{ied by such Rcceive~ acoordin~ 10 )M Men or puity of sald NKIRTGAGEE ~nd the pr~ttice of suth Coutt. - 8. To duly, promptly ~nd fully pe?form, discharye, execute, effect, complete, comply w;th ~nd sbide by e~ch and every the stipvtatioos, syreema~», conditions and covenanss in said promisswy nota and this mwtgage set forfh_ • 9. That•in the event the ownashep of the mortgaged premises, w ~ny pa~t thereof, becanes vested in • penon other th~n the IMORTGAGOR, ths MORTGAGEE, its wcceua?s snd suigru, may, without notite to the MORTGAO~t, deal with suth wcceuot w wccessor in interest wirh reference to this mortgage and eix deW i,ereby secwed in tht same manner as w~th Mortgagor witM~~ in a~y way vit~~tinq o? d~xh+rping the JYlwtya9ws' Gability hsta under or upon the debt hereby secured. No sale oi the premises hereby rwrtgaged ar.d no fwbearance on tM p+rf of the MORTGAGEE a ib wccesson or auigns and _+w exte~+seon of the time (a rhe payment ot the debt hereby secured given by the MORTGAGEE or its sucussors or suiyrn, sMtl operate ~o ~ekase, d~schargt, modify chanpe w sffect the original liabiliry of the MORiGAGOR herein, either io wlwle w in part. 10. It is specificatly agreed that time is oi the esssnce of this conuact and thst no waiver of any obli9at+on herevnder or of tF» oblipation sr cwed hereby shal! at soy tirne ttxreafter be heW to be a waiver of the terms hereof or of the inst~ument aecured herby. 11_ ln addiiwn to the fwego:ng monthly paymtMS ef princ:pal and interest required by the promissory note secvred hereby, morfgagor tovenanfs and ~grees to pay to mortgagee with each monthly payment an add~tional sum estima~ed by mort9agee to be equal to 1/12 of the a~nwl cost oi ths fdlow- ;~y; • - A-All real prope.ty taxes kvied or assessed against the above dexribed reaI es~ate- B-Premiums on fire and windstwm insurar,ce as herei~ requ:red to be carried on the improve+nents situate on the above desaibed premises. C-Premiums on such mortgage gua?anty ins~ance as mo~tgagee ahall from t~me to time deem fit to carry on the bsn secured hereby. - Nbortgagee shall from time to t~me norify mutgagw in writing of the amoum due and payabk hereunder +nd such wm shall the?eupon be due and I payable on the due date of the next monthty payment and each successive month the~eafter until ~nwtgagee shsll ~otify mortgagw of a change in such ~ amo~nt. Such sums shall be sppl~ed by mortgagee ~oward the psyme~t of resl property taxes, irourance prem+ums, ~nd mortgage guaranty inwrance premivms. t WITNE55 WtiERE the said MORTGAGOR has hereunto set his hand ar?d seal the day and yem fint aforessid Se~led del' i the praente of: . - n ` illiam A, n erson D Verna L. Andezson ,~n STATE OF FIORIDA . ~ St . LiiCl@ ~ COIfNTY OF ' 8efore me perw~ally sppeared Wi 11 i am A. An de r son ~ Verna L. Anderson hK w~fe, to me well known and known to me to be the individuals described in and wFa executed the fae9oing imtrument, and acknowledyed before me that they executed the sams for th~ purposes e~~ ~ i~ ~i~ Verna 1.. Anderson w;~~ ~ k' i 11 i a m A Al~lde z s o n , ~pon .,ep.~ne «,d priv.a e~caminatio~ by me taken separate and spart from her ~aid husband, acknowledped to and before me thaf she executed said irutrument freely acd volum rarily and w'~thovt any compulsion, corutraint, ~pprehemion, feu of or. from her said husband. WITNESS my hand aod_ official seal this ~ d~ day of OCtUber_ q, p, 19 74 ~ i~. ry Vublic in snd fw tM te of Fbrida d larp~ 3 a-~~ My Corm+ission expites: •,~~:s ~ - Return Ta • w m~ il tT!y'~'~~ Rrst Fecleral Savings 8 loan AssociaYan 1`~~ 3 ~t~ ~ Of Fort P~erce. Q AM1I IIE O O R~I~. '~~1~ • b" Fort Vierce. Fluida ~ . ~.~i~E C~1~~ . • ; ~ ~,~~•(~'j''`., E~ pa~ta~s ~ ^ . x C RRK ~~~iCUIT COURt ti~ 9`y~ 1 fl ' c' .s. RE ~aD VfFtf1E0 ~ zAQt•.' : ~ CO ~I ~ ~ ~ _ . ;~.._.,s.. . r This Instrument Prepared By John W. Co11i ns 1' 3 3S ~M ~ lm~'~~ s First Federal Savings 3 Loan Association ~1 i of Fort Pierce, Florida ~%;~y;;:y~: ;i:~: ;;~'~~t~~~ r~ ~~~.S.~ AA 6 ~ Checked BY~ 12r9`3,3N . , . - fooK~ ~ r . ~ - 88'9 ~:z~ x„ - ; - _ _ _ - - - - ~ r~- ~ s=:~.' - ~ , '