HomeMy WebLinkAbout1499 3. y6p~ac~ and continuously k~ep on tM bui!dirgs now or M~e+fter ~iwat~ on s~~d land a~d on ~11 equipme~t and pasonally wvNad by this matp~
p~, w~IS all prsmiwn~ thereon p~id in full, fire insurance tn ths usual traodard potity iprm, in ~~um +Ppror~d bY ~he 1NORTGAGEE, and winditorm
insw~~+c~ {n tl?~ uswl iundard puiicy fwm, In a sum •ppro~ed by tM MORTGAGEE, in wch company o? comWni~s ~s ~M 1NORiGAGEE rn+y ,Y~
dirattt a~d all fu~ and windsto~m inswanu poiiciei on any of sa~d buildenys. ~ny int~rest thersi~ w p+rl Ihtr~o(, in tM a~prtQ+t~ wm afor~said ot ~
in ~ac~ss IM~~of. sF?all coNain tt» uwal s~andard mortgssae tlavw a such o~her ctau~s u tM Mwtpaye~ m+y rpuu~, makinp ~M loss u~der uw! polF
c~ss. each and evcvy, payab:s to said MORTGAGEE as iti in~erast may appear, and esch and evary tuch po~~cy ~hall be PromPt~Y +s~ 9^~d ~^d ~~"'a°d b
any heW by said MORTGAGEE ~s fv?thet ~ecu~ity ~o wid mortysg~ debt, and, not leu tha~ te~ (10) days i~ adva~c~ oi the e~cpira?~on ol ~ach pol~cy, to dr
I~ver to sai~ MORTGAGEE a r~t?ewal th~rwf, topetha with a~ecetpt fw the prernium of such ~~newal; and then shall b~ no fv~ w wi~storm inswa~u
plat~d on any oi said b~ildinps, aMr ietsroat tMrtin w pu1 thereof, unleu in ti+e form ~nd with tFa lou payablt ~s afwetaid; u~d in tF» ~vent any wm ~
of nwnty becwnes p~yabt~ undK wch policy or policas said MORTGAGEf shaN Mve tM option 1o rwrivs and sppty th~ suoe on +ccow+~ oi ~he i~debted~
nau setur~d hereby w fo pe~mjt ssid MORTGAGORS ro rcteive and vse it or any part thereof fa oshe~ purposes, w~ttwot the~eb~ wai~~~g w~mpair- -
iny ~~y equiry, lie~ ot ripht und~r a bY vutw of thls mo::y~ge: and in ths event s~~d MORTGAGOkS ~hall for a~y rwsa+ fai) to keep the sa~d premises so
inw~ed, w f~i) b deliver promptly a~y of said poiicies of i~twa~+ce to s~id MORTGAGEE; a fa~t P.o~~1y ro Pay toiy ~ny premium therefw o~ in any
s.n r. ...,t.+.,... d:.~~+~.n._ .=.e..~._ .ttac~. mennlere. comolv with ard a6i~ br th~s eovanant. or ar?y put hereof, ssid MORTGAGEE may pl~ca +~d ,
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paY ia such Insu~anc~ o~ ~ny pan thereof wirhout waivinp w affectirq a~y op~ion. lien, equ~ty, a riyht under or by virtw oT ~his Nwrtga~e, ind tne
full amo~?nt of e~ch and ~wry such paymem shall be immediately dw and payabl;Q and sh~ll bear interest from tM date thereol w+til paid at the rat~ ot
n:n~ per ce+~tum pet annum and togelhe~ with such inte~qst shall be secured by the~fren of this mortgape.
1. To pamit, canmit w wife? no waste, imp~irment or deterioration of uid p+opxty or ar?Y WA ihereoi.
5. 7o pay ati u+d si*+puiu tha totts, tt,ar~ and e:pansas. indud•.rsg s rrasoasbla anorexy'e fee arid cosri of sb~t~ads of title, incurred o~ p~id at
any time by uid MORTGAGfE; because a in the even~ of the failure on the paN of the said MORTGA('iOR to dvly, promptly and f~l1y periorm, d~xha~ge.
execute, effect, tomplete, comply w~lh and ab~de by esch a~d every the stipulations, agremncnts cond7tions, and, tover~n of said promissory not~ and thu
mortyage any w eithe~, u~d said costs. chuges and expenxs. each end every, shaN bs imrt~edia~tely due and payabla: whether w not there b~ not~ce da
mand, atternpf to coi{ett w tuit pend~rg; snd the t~ll artavM of each and ewry such paymcnt shall bea• intereat irom tFK-d~t~ t1?ereof vntil psid a1 the
r~te of nine per centum ~,v? annum; and aU said costa, tFW19CS itld fXj1C~lSCf incurred w paid, togethet wdh suth iMateit, ahaU 6e secured by tht lien of thA
mort9ape.
b. Thst (s) i~ the event of any breach of thu Mortgage or defavlt o~ the paN of the MORTGAGOR, o~ (b) i~ the eveM any of ssid unm of mawy
F+ereirt refKred to be not promptly and fuily paid within thi+ty (301 days ~?eat afrer the same sevsralty baco+ne dw and payabk. without demaod w notice.
o. (c) in the event ~ach and every tha stiputa~ions, agreemenri, conditions ~nd corenants of sa~d promiuwy nots aod tl?:s matgag~ aoy w~ither are nW
~uly, promptly and fully performed, dixfiarged, ezecuted, effected, cw++pleted, compl~ed wiih and _ab~ded by, tF~en in either or any such eveM the said
gregate, sum mentioned in sa:d promisso?y note tFxn ~emaining unpaid, with interest accrued, and all moneyt setv~ed hereby, shall betome dw a~d pay-
~b!e iwthwith, or thereafte~, at tfie option of sa~d MORTGAGEE, ss fully and comp~erely as if all of the wid sumi of money were o~g~~a~~y stipulated
to be paid o~ such day, anythi~g in sa:d promiuory note or in this Mwtgage to the ton~rary notwithstandirg; and lhereupon w thereafter at the option of
sa:d MORTGACaEf, without rat~~e or demand, svit at taw or in equ~ty, thcrefwe w the~eafter begun, may be prosecuted as if sll ma~eys setvred hereby
nad matuted pnw ~o Us ~nsmunon.
7. That in the evea» rhat et the beg~nn~ng of or at any ~ime pe~dirg any wit upo~ this N!atgage, or to fo~eclose H, or to re(orm it, a to enfwu
FayrrKnt of any daima he?eunder, said MORTGAvEE shali appty to the Court having jurisdiction thereof for the sppoi~tment of ~ Rectiver, such Court shall
Eo~rhwi~h appoiM a receiver of said rtwrtgaged property ai! and si~gular, inctud~ng all and s~ngular the income, profits, issues and revee~res from whatever
scurcr derivcd, each ant! every of whKh, d being expressty vnde~stood, is htreby mortgaged as if spetifically set fotth and destribed in th~ prantiag and
t~abendum ciavxs hereof, arx! such Receiver shall have alt ~he broad and effecrive funct~ons and powe.s in anyw~u entrusted by a Cvurt to a Rec'~ive~, +nd
s~ch appo;ntment.shall be made by such Gourt as an. admitted eqvity and a mat~er of absolute ~~9ht to said MORTGAGEE, and without rsference to fM
adequacy or inadequacy of the wfw of the property mortgsged or to the sotverxy or insolvency of said MORTGAGOR w tM defendaots, and ,that wch
re~rs, profin, income, iuues and nvenues shall be applied by such Receive+ accordu~g ~o the lie~ or equity of said MORTGAGEE and the practice of suth
CourL
8. To duly, promptly and fully perform, dixharge, execute, effed, comptefe, comply wiih and abide by each and every fhe stipulations, ~greert~enfs,
:onditans and covenants in sa~d promi:sory note and th;s mwtgage xt forth.
9. That in the event the owoershep oi the mortgaged premius, o+ any part thereof, becomes vested in a person othe? thsn the MORTGAGOR, the
:1CRTGAGEE, its succeuors and asslgns, may, wirhout notice fo the MORTGAOR, deal with such sutceuw w successw interesf with refereoce to this
r.,o~~gage and the debt hereby secured in the same manner ss with Mortgagor without in any way vitiating o~ diuharging the Morfgagors' liability here-
under a uoon tFie dcbt he~ebv secured. No sa~e of thn eremius herebv ~«~9a9~d and rw forbearance on the paA of the MORTGAGEE or its svccesson
or assigns and r+o extension of the time ior the payment of the deb~ ixreby xcured givm by the MORTGAGEE or itt sucussors o? assigM sl~all oparats
to release, dlscharge, modify change a affett the original tiab~fty of the h'IQRTGAGOR htreio, either in whok a in puf.
10. It is spec~fically ag~eed that time is of t}ie euertce of this contrad and that no waivd of any obligatwn hereunder or of 1M obliyation se-
cured hereby shall at any time thereafter be held to be a waiver ef the terms hereot or of ~he imtrwneM secured herby.
11. In additio~ to the fwego:ng momhly payments of princ:pal and interest required• by 1he promissory note secwed hereby, morfyagor eove~ants
ar,d agrees to pay ~o mor~gagee with each manihly payr:xnt an addi~ional sum est;ma~ed by mortgagee to be eqvsl to 1/12 of tht annwl cost of tM follow-
~ng:
A-All real property taaes kvied or asseued agaenst the abave described real estata
8-Premiums on fire and windsrorm insurarce as hese~n requ;red to be carried on Ihe improveme~ts situate on the above desuibed premius.
~ C-Ptemiums on such mortg~ge guaranty ir,wrar.ce as mortgagee shall fiam t~me to time dee~n fit to carry on the loan secured hereby.
E Mortgagee shatl irom time to t~:ne notify mortgagcx in writi~g of the amouro dve and payabk hereunder and such wm shall thereupon be dve and
~ c..~yabte on the due date of the ne,ct monthly payment and each successive month thereafler urti! mortgagee shall notify mortgagor of a change in wch
a-o~nt. Such sums :ha11 be applied by mortgagee toward the payment of real prope.ty tazes, iruorance {xem.ums, and mwtgage guaranty iruurance ~
,^,remium3. .
IN WITNESS WHEREOF, she sa~d MORTGAGOR has hereunro set his hand and sea! the day and yeu first afwesaid i
Signed, a li r 'n presen~ of: • f
aq ~
Tom Edward Jon n
e
~ ~ ~ ' n i
~ - Bett Elaine J es ~ ~
r STATE OF fIORIDA ,
St . L11C1@ ' . ~ SS' t
COUNTY Of 1 ~
Before me pcnonally appeared TOm Edward Jones ,,,d }
Bettv Elaine Jones his wife, to me well krawn and known to me to be
the individuab described i~ and who executed ti~e fwegoing instrument, ard acknowkdged befwe me that they executed the same fw ths purpwes
ther.in ~x~~d. a,d r?,~ ~~a__Betty Elaine Jones
f:~fe of rr~ ~ca =o~ Bdwand Jones u+d
e=emination by me taken separate and aparf from her said husband, atkrwwledged to and befae me that she exetuted said irotrument freely and vol~rr
~~~~ly and witbovt any computsion, constraint, apprehension, feu of a from her said husband.
~ WITN~55 my hand and offic~al scal this day of . ~Ce~ ! D. 1974
~ ' ~
_ Notary Public in end for the St of flor' ~t Lupe _
My Commission enpires:
T
Return To: ~a ~yL//,~ } .
First Federal Savings 3 loan Associat;on ~~ys~~•~~••. ~
Of Fort P~erce. ~~~.~~~~~k ~ ~`~i,~, i
fort Pierte. Florida p Lpj~ : ,••a•;. ;
~ ~ . ~ ti~Y ~7i~Yj~~ : ~ ~ ' ` - ~
~iE ~oYMfr~^ _ ~ I t
~4~t~ F~tsR~f . Q ~ : ~ = ?
!tT • . ;
This Instrument Prepared By John W. Collins afAY~r~~,~~ ;~:.p. Q b: a;
First Federal Savings & Loan Associ~tion ; ~ ; ~C ~ o ~ ,
of Fort Pierce~ F lor ida ~ ~ ~ ~ ~ ~N : ••,i+ ~ - ; Ev ~t , ; ,
C hecked B T~ ' ~~p~.~ .'•',,,~~P:
7' T~ 0~ ~~i~'`~ .v~ :
Y lira7 I - ~•nnrKN~ ~
yt g a~K 234 Pac~ 1499 . - j S:
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