HomeMy WebLinkAbout0613 To pian and continvo~sly kkp o~ ths buiidinp~ now w Mreafta siW~tt on said land and on all equipmtnt ~nd p~noMliy covKed by thi~ morp~
~y~, with ~lt premiums thsreo~ paid in (u14 fire in~uruxe i~ tM usual s~u~dsrd policy fam, in • sum approved by tF+~ MORTGAGEE, and winditorm Y,~,~
insuranc~ in tM ww) standa.d pol~q to~m, in s sum approvsd by tF?~ MGRiiaAia~[. in such compeny cr ca~~y+i+as u t!x MQRTGAGEE map
dired; ~nd ~II tu~ and wi~ck~wm insur~nce poiic:e~ on any of ~e~ buiidnqs, any i,+~aes~ tFx+ein a part tMr~of, in 1FN +pqre9it~ sum afwssaid a ~.wl~
I~ excess therwf, tMll conl~in 11a uwal atandard mortgsg~e clwse or such o~ik~ clavs~ +s tM Ma~qagN may r~quu~. makmp tM bu ~~de~ s~~d Po1F
cies, e~ch u+d eve?y, payaate to s~id MORTGAGEE as i~s inlrrest may ~ppea?, and each and tvery tuch poliq slull bt prompt~Y +~s.9'u'd +^d dt~'~ered ~o
•ny held by said MORfGAGEE ~s fv~ther iecvrity to satd mortpaQe oebt, a~d, not lsss ~han 1en (10) dsys in ~dvanc~ o( the expir~tion of e~th polity, to da
I~ver fo said MORTGAGEE a renewal therwf, tog~tha with a reteipl iw tF?e premium of such renewal; end ther~ shall b~ no fir~ or windtto~m inturant~
plac~d on +oy of t~id build~ngt, any i~ter~st th~t~in w pirl fhertof. ~nleu io the form a~xl with ~hs lou payabk as aforesaid; aod in the ~veM ~ay tum
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of nw~xy becan~~ paYaW~ unde~ wch policy w policies said MORTGAGEE shall Mve ~he option W receive aRd apply ~M same a? sccount ot the i~bted~
ness fecured hertby O~ to permil ~aid MORTGAGORS ta reteive and uN i1 w an~ pesf ~hereof for ot1~e~ purpoaes, w~thwl thereot waS~ing w anpair- ~
iry a~Y sqvity. lien w righ~ vr?der a by virtue of this mort9agr, and in ~M evcnr N:d MURiGAGORS ihsll fa ~ny ~eawn fail to keap the said premises w -
insured, w fstl !o dtliva promptly any oF said policies of insurenc~ lo said MORTGAGEE, u faii p?omptly to pay fully +ny {xemtum therefor a tn sny
reipect fail b p~rform, d~schuge, execute, •ffect, complet~, comply wirA ~r~d•absde by th;s covenant, a sny part herwf, said MORTGAGEE may piace +~+d !
pay fo~ such insur~nc~ or ~~y pa~t thereof wi~ho~t waiving or af(ecttnp any op+~on, lien. equity, w right under or by virtw of th~s Mortg~ys. and the ~
full amouM ot ea;h ~nd av~ry svch payment shall be immedia~ely due and payable and ihsll bear interes~ from tM date 1F?oreof ~~til paid at 1M raN ol I
nine per centum per annum snd together with such interest shall ix secvred by 1he lien of this mwtpsye. ~
io permit, commit w wffe~ ~o wast~. knpairmeN a deterio~atia~ of sa~d property or ~ny pait ti~ereof. ' f
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S. To pay all a,~d singvlu the costs, chsrge~ and expenus, ir+cluding s reasonsbl~ attorne~ s fee ~nd costi of atsstrscts of titk, incvrred o~ paid at '
any time by said MORTGAGEE, because or in the event oF the failure on the pan of Ihe said MORTGAGOR fo duty, Qromptly and fully perform, d~stharge.
execute, effed, comptete, cwnpty w~~h and ab:de by each a~d'every tt~e ~tipu~ations, agreements, tonditions, and coverwnts of uid promiasory rwte and th+s f
mo+tga~e any a ei~he~. ~nd sa~d msts, charyes and e:penscs, each-aed every, thalt be immediately dve and psyabl~: whether w not thae be-not'~ca da
mand, attempt to rnI1M or suif paxling; and tM full anaunt of each and every such payment ahall bcar i~teres~ irom the data thsreof until paid ~1 1he
~~te of nine pe? crntum per annum; snd ail said coats, charges arid ezuenses incurred w pa~d, together w~th such i~ten~t, sh~ll b~ fetura! by the lien of lhis
mortysge.
6. That in ths evenf of any Meach of this MortQege w defa~lt on the pan of the MORTGAGOR, w(b) in the event sny of wid wms of na~er
here~n refe«ed to be not promptty and fulty pa~d within ~h~~ty (30) days ~ext after the same severailv become due +~d paYabk, without demand o~ ~otice,
or tcl-U+ r!w-event each_and .o~etY the _:tipulatians._sgreemenri. conditions and covenants of sa~d protnissory note a~d this mortyspe any w e~tF?er are no1
july, Fremptly nnd fully pe~fwmed. d~scharged. execute~ eiie~te~ "torr~pieted. com~:ed wuA.md abided _Sy,_ It?en in eitFKr or any svch evMt the said ag
3~egate sum mentioned in said promisswy note then remaining unpaid, with i~terest a.c.ued, and at1 moneys setured~he?etiy, tlwtt-become due a++d-p~y~-----
ab:e fathwith, w thereafter, at the uption of said MORiGAGEE, as fully and completely es iT all of the said sum~ of money were o?igin+lly stipulated
L•_ "J ~ ~ ~ ~lw •t~ ....~...:~1..*~...1:. a..A ~Iwr er 1her~a~tN ~1 t~1! ODti0~1 Of
iu iaC FTS:t'~ V+i iui~~ ~iGy. SP~yL.iuai il iB.u N~~a:~uSiwj ~~ic aii S~Y .,::^y3.~C . - :....'r8:~ . ..'a; _
sa~d MORTGAGEE, wittaut notice w demand, suit at ~law w fin equity, therefore ot thergaher brgun, may be prosecuted as if all moneys ~atured Mreby
n_d matured pnor to ds instifution_
7. That in Ihe evenl that at the beginning of or at any time pending any su~t upon this Mortgsgt, or fo foredose it, or to reform H, p fo enfotp
~ayment of a~y claims hereu~der, said MORTGAGEE shall apply to the Court naving ~~~isd:ction thereof fw the appointmeM of e Reteiver, avch Cou~t shsll
fcrrhwith appcir.t a receiver of said rr.e+Igaged prcperty al~ and singular, includ~ry ail and siny~lar the income, prof+ts, iuues and revenves from whsteve?
s: urce derived, ea~h and every of whlch, ie being e:pressly unders~ood, is hereby mer~gaged as ii speufically sel fath and destribed ~ the granti~g sod
h~bendum clauses hereot, ar.d such Recd~er shall have atl the broad a~d ei(ective iur.ct:ons and powe~s in anyw~u emrusted by • Court to + Receiver, and
s•_ ch appointment shati be made by such Court ss an ad~T~itted rquity and a~*a~te~ of absolute right to said MORTGAGEE, and witFaut teference fo tM
ed~~quacy o+ inadrq.,acy of the valve of the property mor~gaged or ta the socvency w~~tisoivency ot said MORTGAGOR or the defendants, and that such
re•,», profits, tncane, issues a~d revenves shatl be apptied by wch Receiver sccord~~tig to the licn or equiry oi said MORiGAGEE and the pract~aa of such
Court. . - .
8. Ta duly, p.omptly and fully perform, d'+scharge, execute, effcct, mmpiete, comply with ~nd ab;de by esch and ewry the stipulations, agreeme~ts,
conditiens and covenants in saed promissory note and this m«sgage set forth.
9. That in the event the ownership of the martgaged pre~n~ses, or any parf tnereof, becanes vested in a person othe? thso the MORTGAGOR, the
:'^RTGAGEE, its successors and ass;gns, may. without not:ce to the. MaRTGAOR, deal wi~h such successw or successw in iMercst with reference lo fhis
mo•tgage and the de61 hereby secrr~ed in the same martner as xith Morrgagor wittwuf in sny way vitisting w dixhs?gi~g' the Mortgagori liability hera
~.,der w upon tIx debt hereby secured_ No sa~e of the Fren:~ses hereby mortgaged and no iwbearance o~ the part of ihe MORTGAGEE w its succeuas
or assi~ns and no txtens~on of the ti,ne for the payment of the debt hereby secured' given by the MORTCaAGEE or iK sucteuors o? assiyns, ~hall opetat~
. u_~ .i- . _t •..~o?r_wr~o ~:N.~. ` w. L. ....f ~
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10. It is speufically agreed tbat time is of the cssence of tt~~s contract and that ra waivu of any obligalion Mreunde~ a of tM oblipation se-
cu~ed hereby shall at any tirrc~ thereafter be held to be s waiver of the tecros hereof ar of the instrwrxnt secured herby.,
11. In add;tia~ to the fwego ng monfnl~ pa/ments o[ pri.
c paf and imerest requ~~ed by 1Fx prom~swry note sccu?ed hereby, mortgagw tovensnts
and agrees to pay to mo:tgagee with each mwvh~y payrr.ent art add~rional sum est~rated by mo+tgagee to be equal to 1/12 of the annual tosf of the follow-
I;1C:
A-Alf reat property taxes levied or asscssed against 1F+e above described reai estale.
' B-Prem~u+ns on fire and windsform insurirse as herein requ:red ro be wrried on the improvements situate o~ the above dexribed premises.
C-Premiums on such mort~age guaraniy insur3r.~e as mortgagee shall from hme to time dcem fit fo tarry on the ban secu~ed hereby.
~ Mutgagee sha!1 f.om time to ~ime norify mwtgagor in writing of the amount due and payabk hereunder and such sum shall thereupon be due and
` ~~~able on the due date of the next montF.!y payment and each successive month tt?ereafter urtil mwtgagee shal~ notify mortgagor of a change in wch
e a-:ount Such wmi sha"•I be appiied by mortgagee toward the payment of real property taxes, inswance prem.wns, and mostgage guaranty insuranu
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F ;~~e~niums. '
E IN WITNE55 WN;REOF, the said MOR7GAGOR has hereunto set his hand and seal the day a year first ~(oressid.
~ Signed, Seated and live~ed in the presence of: F~LEO AMU REC RDEO
~ ~~-C~ ~a~.L st.wc~= couN~ir f~.~?- n
ROGE~ ~~~~R~s Bill G.~God ey
CIER~ Ct=-.CUtT COURT ~q
_ ~ AE~CR~ Y=~ F•cp ~Seaq
_ ~ p~c 3 9 os 1!M'7~1
S i ATE Of FLORIDA ~
St L uc ie •
~ouNiY oF • ~
~ Befwe me personally appeared B illy G. Godfrey, a single adult „d
Mirwiie, to me well known aod known ro me to be
the individwl described in and wFw executed the foregoirg instrument, and acknowkdged befwe rrK that he executed the same for the purposes
lherein expfessed• And~fi~!
lsid -
..t~~tb~s~id~~~~~~~~~_~_~~_~~~~~~~~~~~~~~~_~~~~~~~~~~~~~___~~_~~~_~~_~~~Powa~~wt~.aod.prirass
~,..a:inNi~ ~y..iws M4e+~ ~sparM~ ~n~--u}~~rl~irowrl~er ~sid-M»b~ndr atlwrnrledge~ts ~wd~beFo~e~ne~lhal7he~eecvted~s~id ~etr~enenF frecl~ra~d ~ohw1-
ty rritha,t ~~.wpukioq la~rt~ainR +pp~a6~na~ar+. or t~ar -0E ar-f.o~r?.F~eFS~iJ ~rsLa~d ~
WITtiESS my Fwnd and officisl seal th+s ~T ''L~/ day or November ~ p. 1974
~ 'r
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Notary Pu and for the State of Fbrid~'it •
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My C ,u'wn eapires: ~ ' ~
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Return To: ~ ~ t''~`" • ' ~i
~i4 - •1~•.
first Federal Savings 3 loan Association ;';i - tt f.; _~~Y}ty%- i
Of Fort Plerce. y~; f'~ •i? +'i7' j'r ~
~ Fort P:erca Flo~~da . i "~~"•t~~, ~v:~~ ~
_ r i ~~yp, 'y .'•~fi~`
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This Inst~ument Prepared By Gazy F. E11MCOOd 5~'~.~
First Federal Savings & Loan Association ~~~''~i,~ ~1,i~,~+~'~~
of Fort Pierce~ Fiorida 33450
Checked By ~ ~ ~1
~•W
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