HomeMy WebLinkAbout1267 To plac~ and con~iRUOU~ty keep on the bu~:dinyi now o~ hereafter ~itua~~ on sa~d I~nd and on ali equipment ~nd p~nonally covered by ~hi~ mat~
p~, with ~II p~smiums thcreon pa~d in fvll, fire ins~ranca in ths u~~al srsndard policy fwm. in ~ sum ap~oved by IM MORfGAGEE, ~nd winditwm
Inwrae~c~ in tM vswl •~andard pol~cy (am, ln s•um app~oved by ~M N10RiGAGEE, in iuch company a comp~niM p ~F» MORTGAGEE m~y
d'a~c~t a~+d all fire u+d w7ndstam in~ur~nce poliues on any of taid buildmyt, eny inrH~sl ~herein w part ther~of, in tM ag~reyats wm afor~tald or •
in ~xteu Ihereof, ~hall contain ths uival sta~~dard motlgag~e clause or such olher clause as IM lNorlyagN may rsquir~, makirp 1M losl unda fa~d poli~ ,
ci~s, eacb and evtry, payabte to said MORTGAGEE es ih inte~est may sppear, and each and every such policy ~hall be p~omptly •~s qned ~nd d~livered to
~ny held by uid MORTGAGEE as further tKu~ity to said mortyape deb~, and, nal le~~ thsn fsn (10) days In advence oi 1he e=piration of •~ch polKy, fo t!a '
IivN to said MORTGAGEE a rertewal [herwf, Ioge~Mr with • rece~pl (w the pr~mium ol sush r~newal; and th~~~ iMll b~ oo fire w windsto~m Infurat~t~
pl~ced on any of said b+iildiny~, any intereN Iherein w part thereof, unleu in the (orm a~~d with th~ lou pay~bb ai ~fwtsaidj and in tM event any wm
of mon~y becomN payable under ~uch potity a pol~cies ~a:d MORTGAGfE shall hsve ~M oylion 10 ~eceiv~ and ~pply tM s~me on atcounl of tM ind~bfed~
oeu secured hereby w ro permit said MORTGAGORS ~o ~eceive and uss it a sny part ~he:eof for orher purposes, withou~ thrreo~ w.I~ing o? ~mpa;r•
inp any equ~ty, lien or ri9ht ~nder w by virtw o( Ihis mortg~ge; and i~ the even~ w;d MURTGAGORS ~hafl ior any reason fail to keep ~he sa~d p~emises so ~
ir?iured, p f.:il ro dsliver promp~ly any o( said policies o) insurant~ to uid MORiGAGEE, ot (ail promptly fo pay fu{ly any premium therefw a in any '
ttspett (ail to perform, discharge, exetute, effKf, comptete, comply with and abide by this cove~unL a any part h~reof, ~aid MORTGAGEE ~ay pl~te and
paY (w such iniuronce or any part thereof without waivinp w af(ecting any option. litn, equity, or rigM unda or by virwe ot this Mw~9sge. and dx
full arnount of each and every such psymsnt shall be immcdiately d~a and payeble •nd shall bear inferesl from ths dat~ thereot urttil pa~d at ths rat~ ol
nine per centum per annum and to~e~he~ with such interes~ shalf be secured by tha lie~ of th~s mortgaga.
1. To permit, commit o? ~u(fer no wasfe, impai~ment or dateriwat~on of ia~d property w e~y part therwf.
S. To pey sIl and :ingulu the costs, charga and eapensra, indud~rq a reasonabte at~orney i fes and cot+s of absb~cts of tilte, inc~?rtd p p~id et
sny time by s3~d MORTGAGEE, because or in the event of ~ha lailure on the pa~t of the said MORTGAGOR to duiy, promptly snd fully pe~iwm, d~xharg4
execute, eifect, complete, comply with and ab:de by eacfi a~d every the st~pulat~ons, agreements, conditions, and covenanfs of ss~d p~aniswry rate and thi~
mortgage any oi e~thrr, and sa~d costs, chargea and expenses, cacA •~d every, shall be immediately dua and pay~ble; whether or ~ot there be notice ds
muvl, attempt to cotkct or svit pend~ng; and rhe full amouM of each and every such paymem thatl bea. interesl from tht date fMreof until p~id al Ihe
rate of nine per ceMvm par annum; and all said costs, chargrs and ~xprnses ;ncurred a paid, together w~lh suth interest, shall be seturod by ths Iien of this
mortpage-
6. That (s) in the event of any breach of nc~s Mortgage or default on thr part of the MORTGAGpR, or (b) in the event ~ny of satd tums of money
hetein referred to bs not prompNy and iully paid within Ihirty (30) dayt ne,~t e:rer the same severa:ly beton~e dye and piyabl~, without demaod p nofite.
w(c) in the evcnt each and every the stipu~a~~ons, agreements, conditions and covenants of sa~d promissory note and Ih~s mwtgu~e any p ~ither ar~ nol
~vl~r, promptly and futly pertormed, d:scharg._d, executed, eifected, canptered, co~~pl;ed with ar.d abided by, then in either w any such evenl th! sald a¢
yregate sum mentioned in said promissory note then rema~ning unpaid, w~th ime~ast accwed, and all moneyi secured hereby, shdl l+etort~s dw +od pay-
~ble forthwith, a thertvfter, at the opt~on of sa~d htORTGAGEE, as ful(y and comp:etely as if ail of the said wms of money were originally stipulated
to be pa~d on such day, anything in sa:d prom~sso~y note or in th;s Mo~tgagr eo the caurary no~w~thstanding; and ~ha?eupon or thereafter at the opt~on of
faid MORTGAGEE, without notice or demarxf, suit at law or in equity, there(ore or tl~ereaiter begun, may be prosecuted as if sl) moneys sewred heteby
had matured pr~or to ~ts institution.
7. That in the event that at the beginn~r.g ef nr at any time pcnding any su~t upon tt~is Mwrgage, or to fweclose it, o? to ~eform it, a to Mforp
payment of eny datms he~curtder, sald 1dCRTGAGcE shall apply to the Covrt haY~~,g ~unsd~ctlor: the~eo! tw ~he appointment of ~ Receire~, such Court shall
Forthwifh appoint a reteiver of said mortgaged pro~~r+ty ali a~ s+ngutor, inciud.ng ail and s~ngular the irtcome, profitt, issu~s and reveoves frpm wFwtever
tource de~ived, exh and every of v~rn~ch, "rr being expressiy unden~ood, is ~ereby martgaged ~s if specdicalty set forth and detaibd in fhe 9?antirg ~nd
habendum c!a~ses hereof, and such Receiver shall have a~l ~he bsoad and effective Funct,ons and powers in anywiie entrwtsd by a Court fo a Rsceiver, and
such appoinsment shall be made by such Court as an admitted rquity and a rr:attar of absolute right to said MORTGAGEE, and withouf reitrence to the
adequaty or inadequacy of the value of the prope~ty mengaged or to the ao.vrncy or i1:5U~VC'M~/ ot said MORTGAGOR p the defendanfs, and that suth
renrs, profits, income, issues and revenues sball be app~ied by such Recerver acc~~ci~ng to the lien ot equity ot said MORTGAGEE and the practict of suth
Gourt.
8. To duly, promptly and fully perform, discha!ge, execute, effect, comple!e, ton~ply w~th and abide by each and every the stip~lstions, ~reement~,
conditions and covenanrs fn said promissory note and this morigage set fonh.
9. That in the event Ihc owne?ship of 1he morFgaged premises, w any part thereof, becomes~ vested in a pe~son other thsn the MORTGAGOR, th~
MQR7GAGEE, its successors nnd ass~gn:, r-~ay, wi:hou~ notace to ~he MORT(',AOR, deat w~~h such s~ccessw w successor in interest with reference to 1Fii
mortgsge and fhe debl hereby sttured in ?he aame manner as with Jdortgagor wrthout in any way vitiating or d~stharging the Mortgagors' liabilify herr
under or upon the debt herrby secured. No sale of the prem~sea hereby m::.tgaged and no forbearance on the part oi the MORTGAGEE w iti svtcesson
or ess~gns ar*d no earension of ~he time for rhe paymer,~ of th. deot h:•eby secured given by the MORTGAGEE or :ts suctessoq q aui9ns, shall operate
to release, d~schar~e, modify ~hange or atfect the urig;nal l7au~;~ty of the A'.ORiGAC,OR herein, either in whole or in psrt,
10. It is spec~ficalt~r agreed that time is of tF,? esse~ce of this contract and that no waiver of any obligation hereunder or of the obligation se-
cured hrreby shall at any time rherraf;er be he:d to be a waiver of the terms hereof or of tFx instrument secured herby.
! 1. In add.t~oi fo the forego ng month'y pay:n:-nts of p: ]nc pal and imereu requ~red by 1F~e promissory nofe secured hereby, mortgagot tovenanh
and agrees ro pay !o m.ortgegee v~~ih each momh(y pay~ :ent an add,r~onal sum es~~~+~aied by mortgsgee to be equal to 1/12 of the annual cost of the foilow-
ing:
A-aIl reaf prope.ty taRes fened or assessed a9ai~~st the above desvibcd reaf es~ate. -
' B-Pr••r..~uins on fire a~d windsrorm inwrar.ce as herein n~qu:red to be ca-ned on the improvemeih situate oo the tbove desuibed premises.
C-Premiums o~ svch rnortg~ge guarar:ty ir.surar,~e as m.o•rg~gee shalf fro~e t'-r.e ~o time deem fii to carry on the (oan secured hereby.
Mwtgagee shail frcm fi~tie to tin~e no~ifi mortgagor in writ~ng o! the a+:•ouv dve and payable hereunder and such wm shall thereupon be due and
payabfe on th_ due date of ~he next n:o-~rh!y payment and each success~ve month the:eafter urtil mortgagee shall eotify morigagor of a change in wch
amount. Such sums shail be appiied by mortgag~~e tovvard the payment of real property taaes, ins~rance prem;ums, and mwtgage guaranty insurante__
premiums.
I~i~ IN WITNESS WHEREOf, the sa~d MOkTGAGOR has hereunto se! nis hand and seal the day and year first aforessid.
i ' Red. Seated and de,(ivered in e presence of: ~ ~ , r}~ 7`
, T
Cha r es T.. Fo in
f~.« ' ,~-~+r - 4
- - '~S.t ~ se.t1
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STRTE OF FLORIDA ; . , ~
couvrr oF ~t. Lucie ~t ~ ~ ~
_ i O_/,ti
'
Charles T Follin - ~ '
Befo?e me pe?sonaUy appeared _ ' w_~' ~
~atricia ~~OZ11T1 his wiie, to me well krw~n ~r~ ~ n`(o~~e tqbe = ~
the inciivid ual s d e x ri b e d i n a n d w h o e x e c u t e d t h e f o r e g o i n g i n s t r u m e n t, a n d a c k n o
w l e d g e d b e f
o r e m e t h a t t h ey exetu t e d t
t
j! 3xne~
qJ~0 pur e
b
s
e s~
lherein exp~esxd. And the said_ ~d~I1Cla Nl. _ FQZZITI - : ~
i
W;r~ .~~a Charles T. Follin ~ ~--'•~,•••s~~~ +
exam~nat~on by me taken separste and apart from he~ said husband, atkrawkdged to and before me that she executed said inst fr vblwr
ranl ar.d w~tho~t an com ulsion, constraint, a
Y Y p pprehension, or fear of or from her said husband. ~ 'S y
WITNESS my hand and of(iual seal th~: 25th _ day of `JuZy A D. 19
t
Notary Public in and iw the Statp of f ids at lat~e
° My ~xP,.~:c~,a / y~ ~
Return To: '
First Federal Savings 6 loan Associat;on •
Of Fort P;e~ca.
Fo~t Pie~ce, Florida fILEO !?NC R:C~ROED `
iT.lUC1E COUN Y FIA. ¢
aOCE~ POtita~~n . .Y,G ~
~ ClE?K C~~CU1t COURT y6~" ~
This Instrument Prepared By .j. Hal RobeYts~ Jr. RF~^R~ Vf~'~tEO ~
First Federal Savings 8 Loan Association ~
of Fort Pierce , Florida 33450 ~ 5 9 2s pM z5
Checked By .
$ODK~~ tPflfE~
This instrument prepared by ~ ~
' c sw -
H:~1 !~oberts, Jr. ~irst Feaeral of Ft. Pierce, Florida 33450
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