HomeMy WebLinkAbout0748 J. To pl~c~ and conr;nuously kaep on ~he bu+:d7n9s ncw u Fkreafier •:f~ate on e~~d ~~nd end on all eqvipmem ar:d perioaaUy covereJ by thii morly
•9~. wlth all premiums thereon Fa~d in full, lire insuraoce ~n ihe utwf sta~.d~~d pc' cy t~ym, in a num ~pproved 4~ ~he lNaR1GAGtE. and w~ndoeam
'^tu~~nt~ M~ ihe utwl ~tandtrd pol~cr 1o?m. in a wm app~ovsd by th~ At08TGAGFE, in tiuth ca.nps~y p tanpanie~ at the f.~ORTGf.GFE ~nay
d;req; ~nd all li~e and winJstorm insurance polK;cs a~ any of sa~d builQ;n~s. a~y intere~t Int~ein o~ p~rl Ihcreof, in ~M ~pyrs8~t~ su~n a}aesaid or
in exceu Iht~eol, thall con~~in Ihe usw! standa~d matyegtt clause o~ such al:vr c4use ~i ~Ms Mcr~ya9e~ may requ:~e, m~Ainp Ihe loss un~ler sa:d ppir
urs, each ~nd ewry. paya5h to said A.JRTGAGEE as its ir.tcre~f may appear, ~nd e~ch a~d e.rr~ uKh pol;cy ~ho~l tx p•ar.pf~y ~u yr+cd a~d de~:~ered 10~
any l~eid by sa~d h•.ORTGAGEE as fu.~her sccur~cy to said nw.~g.ge debt, a~d, net !eu ~h~n ten (101 da~s in ~dv~nc~ ot iM exp'a~tan of ~sch po! cy. to da t
I~ver to said MORTGAG:E • ~enewa) ?herrol, toge~her with a ~ae~pf ior the pre~~~u~n of such renev.al; and lhere tihall be no i~re or wl~d~+crrn insurant~
P~~ced on ~ey o( said bv7ld~nys, any interast thec~[n or pu~ ~heroet, u~leas in ~he fcrm antl w~~h ~he tuas payabl~ as a(c~asaid; and ie ~he e.er.t any ivm
of nwney bece,,,~s payabl~ i~h policy « pol~cies said MORtCsAGEE sMll hava iM ~p~~on ~o rec~~ve and ~pply the same on iccoun~ of ~he ~ndebted-
nes~ aetwed he~tby or to p~~mil said MORiGAGORS to rtceive end use it p sny ~rt ur.eof !or t~iie~ purpwes. v,dh•~:~t thsrcb/ wzi.~,3 :,r ~mpak-
~^9 +^Y M~~h. or ~pM u~de~ or by virwe of this masQage; and in the avenl ~a'd AIORt+GAG0~5 sha:l tor any reason faJ Io kefp ~he said p~im~tes w .
7nsuree~, p fai) b dc:ive~ p.omptlx aoy o~ sa:d poticics o( inavrarce to sa~d /dORTGAvEE. u fa~i p:omplly fo pay iully any premivm ~hrrefor o~ i~ any. ,
rri,~ect fail to pe~iorm, d~sc?~~rge, eae:utr, e~!ec1, comp:eh, co+npty wiih end sb~de by th:s covena+~~, o. any par~ hrreot, said MORTGAGEE au~ p~ace ~nd-,
pay ior suth insuwnce o! any parf thereof whhout w~iving w a((eain~ aey optiW~, iie~, equity, or .i~ht uader a b~ virtw of ~hG~ Mwtyage, •nd the '
fc:l amouet of each and tve~y suth payment thaU ba irrwned;eiel~ due and payat•'r and sha~l berr intcrssl from the date tlKrcof vroil Fe~d at tna ~at~ ol
n;r.e (l!f tM~ut~l FK ~11.'1Vn1 and f0~lil~1 v.i+h avch interest ~h.?.: ~e secured by tM tien o! ~h~~ mo~lgrpe.
1. io permit, commiT q suf(e~ no waste, LTpa;rmen~ or deier~o?at~on oi ~tid prop!Ktr w any pr~f theteof.
S. To pay all Md sirgulo ths coats,- ctwrges and expe~srs, includ~ng s rcasona~!e atfwi+ey's fet and costi of abst~ads of titk, incv~red e. paid ~t
enY t'une bY uid MORIGAGEE, because cv in the tvent of the (ai:u~a on the patf of the said J110RTGAGOR to duly, p~omptly and fuily periwm, d~~chugq
e~ecute, efied, completq comply w~th erd ab:de by tath and every the ~tipulat~ons, a3.tements, concl:tio~s and covt~+snts oi ia~d promissory note ~nd this
r.:orryaQe ~rty w eiihe~, snd sa:d costs, charyes sr.d expcnaes, each and we.y, ahefl ba immediatefy due and payaEle; whe~hcr ot nof thcre Ue ~o~~ce d~
man~, ~~tertsp~ to coliM o~ wit pending; ind the fvl) amount o( each and evcry suci paymeM shali Ix:r interest irom 1he date thereo( until p~id af the
.~te of nine per cfntv~n per an~~urn; and all aaid cosn, charyes ar?d expenses incu~red a pa~d, together w~th s~th irotr~st, shall be secu~ed by the t:ro of this
mort9~W-
6. TTN1 (a) in the event of ~ny breach of this Matgage or drlault o~ the part of the A10RTGAGQR, w(b) in the event any o1 sa'd sums of money
herei~ refKrsd to be not promptiy ~nd futly paid within thuty l30) days ne,e~ after ~he same uvera!ty bccorne dva and payabie. without demand or notice.
cr (c? in ti~t even? each and evcry the stipu!atior.s, agreements, ccr.d;tions ~nd covenan~s ot utd pro~++~swry note ~nd th~s mort9aye any or e~~her are no1
j~:Y, p+omptly and fulty psriurmed~ d,s.l~arged, execu~ed, ei(ecttd, comp'eted, complwd vi~ih and a6fded 5y, the~ in e~thrr or rny such eveM the sa~d ag
greqate sum mes+tioned in said promissoty note then ~ema;rting unpaid, with imerest acttved, and a~l mo~eys s~cured hereby, tiwll become dua ~nd pay~
eb`.e forthwith. a thereafte~, al the opsien oi sa~d NIORIGAGFE, as lully and com~:etaly as ii a!1 oi the wid tums of ncney were orig~nalty st~pul~ted
to be p+~d on t~th d.y. ~nythiny 'a~ ia:d prom:uwy no~e or in this Mortqage ~o thc cor+~rary notwithsranding; and thereugon p thereatter at the option of
ca~d MORTGAGfE. w~sbovt notke or demaud, suit al law a in equity, therefore a thcreaitc~ beyun, may be prosECUted as if all moneys sec~~ed I+ereby
~ed matuted pioc ~o its irntitvlion.
7. lhat in the cvent tMt at the beginning cf or at any t;ma pend',rg any w~! uron this Morfgage, a to iweclose it, or to reform it, or to enforce
payment of any cla~ms hereunde~, s~id A,ORiGAGEE shall apply to the Gour1 havi,~g jw:sd;a:on tke:eoi for Ihe ~ppointnKnl of ~ Receiver. such Covr1 shsll
fc;n!~wi:h appo;nt a recei~er of said mortgaged p~aE+crty a!i a~xl sinpular, incl~rdmg atl end s~ngultr the income. p?o}its, iuves u~d raveni?es irom whatever
ccu:ce derived. esch and every oi whKF~, i~ betr.g e:presa!y underscood. ~s Fxreby mcr~gaged ~s if speuiically set falh-and dest~~d,in the ~rsmirg and
habendvm cbuses hereol, and such Recsiver sh~ll have all the ~road and effea;~e fur,c:.ons and powers in anywise sntrusted by a Covr1 to a Receivsr, ~nd
sLCh ~ppointment shall be m~de by wch Ccurt as an ~dmitted eqv;ty and ~ man~r of absofute rgRt ~o said MORTGAGEE, snd without ~efe~ence to tht
edaquxy w inadcq~ur oi the v~lue of the propertp mor~gayed or to the so,venc~ w~nealrer~cy of said MORTGAGO~ o. the defendants, and tFut svch
re~ts, profits, intome, issues and ?evcnuK shaN be ~ppl;ed by such Receive? acccxd~~v~ to the {ien or equ~ry of s~~d MORTGAGEE and the pr~ctKe of such
CcuA.
8. To duty, prwnp*Fy ind tvlly per(orm, d'~s:}wroe, execute, cfiect, mmplete, compi~ with ~nd sbide by each and every the stipulations, agresments,
condita~s and caren~ros :n said promiuay .ate snd this mortgage set fwth_
~ 9. That In the event the ownErsh~p of t1+e ~r.wtgaged prernises, a any pa~t therebf, bccomes vested in a person other than the N~ORTGAGOit, tl+~
A'.ORTGAGEE, its successcrs and au~g~s, may, wi~lwut no~;ce !o t!x MORTGAOR, deal w~th such svcceuor or successor in interest with reference to this
mortgage and the deb~ hereby ucured i~ the same mamer as with Mortgagor witheut in any way vitia~ing or d'acharg~ng the Mort9agors' Iiabil~ty here
ur.der or upon the deb+ 1?ertby sctwed. Ne sa:a of thr F:emises hercby rttwtgaged ar.d no fabea.ence on the part of the MpRTGAGEE or its sutcesson
cr ass~gns and no eatenslon oi tF?e time for the µ~ymcnt ot tfie debt hereby setu~cd given by !he MORTGAGEE w its successors or ass~gns, s~.all operate
to release, d~scharge, modify change w a4tect the or~gi,ial liabil;ty of the MQRTGAGOR i?ereiry either in whole or in part.
10. It is tpeciiicslty agreed th~t time is of 1he esscnce of this contract ~nd that no waiver of ~ny oblgatan herew~der or of ~he obt~gation s?
svred hereby ihall at any time thereafler be he:d 1o be a waiver of the lerms hereof or of the instrumeM sacvred herby.
11. In add:tio~ to ~he forego:ng monthly payments of prin~ pal ar+d interest requ~red by the prom;uory note secured hereby, mortgagar covenants
and agrees to pay fo mortgrgee w;th each monthty p~yment a~ sdd~rional sum estirrsa!ed b~ mortgagee to be eqwl to 1 j 12 of the annual cost of the fdlow- ~
i~ly:
A-All real property taxes kvied w assessed agai~st thc aMve desa7~sed real esta~e. ~
B-Vrem:ums on fire and windstorm inswar.ce as herein ~equ:red to be carried o~ the imp~oveme~ts situate on the ebove described premises,
C-Premiums on such mortgye gwnnty irsvrance as mortg~gee shail from t~me fo fime deem fit ro tury on the ban secvred hereby. '
Mort9agee shail lrom time to time nctify mortgagor ~n w.;t:ng of tlx arcount due sod payabte he?eunder and such surn shall thereupon be due ~nd
payable on the due date of the next monthly payrnent and exh succeuive moroh there+fter un~il rtwrtgagee shall not~fy mo~tgayor ot s change in such
emount. Such swru sh.all be applied by mortgagee toward the payment of real property taxes, insvra~ce pem:ums, and mortgage guaranty imur~~ue ~
p; e m iwrq.
IN WITNE55 WHEREOF, the said ASORiGAGOR has hereu~to set his hand and seal the day ~~d a t'nst af«esaid. ~
Sgmd, ar~d iver in t!x p. of: ~ , `
~ , t n
- R ert G. oabs ~
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a.ll~. _ . ~ r . o s
_//J ~
I STATE OF FLORiDA ~
~ counmr oF St . Luc ie ~
~ Befae me peaon~liy appeared R ob e r t G. McC omb s '
~ Marv P• MeCombs h~s wife, tQ me well known and krawn to me to be ~
the irtd~v~dwls descr~bed in and wFw executed the foregang instrument, arwl ackrww;edged be{ore me that they excc~ted the same fw the pvrposes i
j therein exprKSed. And th_ sai~- ~rY P• ~~OlYbS
t wife ot w;a ~ Robert G. :NcCombs
G P~a~:in+t~on b me tsken se ~+Po~ • xparate and pr'rvate
y parate ~nd apari from her said husband, acknowledged to and b!iwe me thst she executed sa~d iiutrument freely and votvo-
~ • u
rz•~~y and withovt •ny [ompuision, constrair.t, apprehension, w iear of or ~rom her said husband.
E
~ WITMESS my Mnd and offiual s!al thi: 22nd day cf Julv q_ p, :0 7$ ~
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F LEO ~NO-R~69R0 '
S~. lUC1E COUMTY FLA.Nofary Pubt' n iw the State of Florida at ta.9e .
Re+urn Ta it06ER P01TilAS My Commis expires:
Firss Fedcral Savi CIERK C:~CUIT COUR? p~~K Stale of Flo?Tda at lorg~
ngs 6 loen Assouaiwn RECGr~'J VEk!FtEO...~~
Of FoA P~erce. My Commission Fxpires Jdr 42, 1977
fo+t P:erce, Florida ~~O 0~ !°"a°d br ~x,~~o~ F~~t 6 Co.~~ry e~,
~ . . 3~~:;t?~~ . . ~
i This Instrument Prepared By Gary F . Ell~vood ~ • ~
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~ First Federal Savings d~ loan Association ~r ~ ~ • = ;
k of Fort Pierce , F lor ida . • ` r' _ ~
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