HomeMy WebLinkAbout1271 3. To pl~ ~nd contlnwusly kt~p on tM bui:dmqs now a hsreaf~a u?va?a on s•id l~nd ~~d on atl puiprn~n~ ~nd pasa?~Ily w~re~ad by thl~ morp~
pt, wi~h all pr~miums thsreon p+~d in full, lin inlu{aMf in ~M usual ~tandard policy form. in ~~um approv~d by ~h~ MORiGAGEE, ~nd wind~~am
inw~w~c~ in tM uswl ~tandard pol~cy (am, in ~ sum spprov~d 6y ~M N?ORTGAGEE. ~n fuch compsny a wmpa+~isa a th~ MORTGAGEE nay
dir~cy ~nd ~II (U~ and w~rorm inaw~nn polKies on any of Nd bv~W~b ~ny iMOrf~l fhltlhl O! pirt tFr0~~0~, f~ tM ap9rpat~ awn ~fa~saW a
M~xuss therwt, aMll comsio tM uswt t~andsrd maiq+g~+ clauw a iuch wha clw~ as ~M Ma~9~ may rpuu~, nw?Inp th~ bss wda u~d polF
d~s, each and ~vKy. paYabl~ ro iiid MORTGAGEE as its int~.est may ~pps+r. ~nd e~ch and ~vNy such polky fhsll b~ p?pnptly au.yn~d and d~liv~nd to ~ r
~ny Mld by aid MORiGAGEE as furtAe. Kcuriry to iaid mo.ipae~ debt, and, 001 I~s~ ~h~n tsn (10) days ie adv~nc~ of tM txpiration of ~ath poliq, to dr _
Ilwr ro iaid MORTGAGEE • ~enewal thereof. tuqe~her with ~ ~eu~pt (or ~he premiwn of wch r~newat; ~nd tMrt ~il M no fK~ or winds~am i~x+nu i
pl~ad a+ any of said buildings. ~ny interesl therein o~ part the~eof, unless in th~ (am ~nd wilh tM lost pay~bk u afa~saidt ~nd h? tl» ~vent ~ny su~n
af ,~?on~y becorn~s paY:bie w~d~~ such policy a pot~ci~s said MORiGAGEE aMll Mw ~M opt~on ro receiw a~+d ~pply tM s~na on aaount of fh~ (nd~bNd
~ss Ncvr~d h~?eby or b permit uid MWRTGAGORS to recaiw ~nd us~ i~ or any put thereoi fw other purpote~, without tM~sbr waivirq a rnp+'u-
inp ~nY equ~ty, li~n or ri~b~ unde~ « by virtw of dw mo: s~sg~r ~nd in ~h~ ~vent a~d MORTGAGORS ~hall fa any .cawn fajl ~o kNp ~M s+id pr«nt~t w ;
ie?svred, o~ bt) ro daliver p~omplly any of said policie~ o} insuranc~ to sa~d MORTGAGEE, or 4ai! pranptly to p~y fu{!y ~ny pa++ium 11?~~~for w in arhr
napect fail b pariwm, dixharge, execut~, effad, complete, comply wirh u~d ~Wd~ by Ihis cover+anl, o~ ~ny part l+Kwf, iaid MORTW?GEE may plaa and
' pay fa sud? tnwrance w~ny p~n the~coE w+thou~ w~ivin~ w. ~fiectirq sny op~ion, Ifsn. p~ity, o~ tipfi~ vndn w by virtw ot this Mo.tpap~. and tM .
full amount of each and ev*ry ivch paymenl ihall be cmmedistely dw and payabl~ and sh+ll bear intereu from tM dat~ thereof until paid at 1M rats oi ,
nin~ pe? centum pa annum and together with tuch interest shali be secured by tht lien of thu mortpa~e. '
4. To pKmit, commit w sufta no w~~t~, impairment or deterioratioo of ~aid p~OpMty 01 My p~~t 1Ml~Of. __.w.._. w~
5. To p~y ~II ae~d sinyutu tM costs, charges and expenses, inc4udinp • re~sa++bts ~Hwr~y'~ fee sn~! coits of abstracfs of titl~, k~curnd or p+ld tl ~
~ ~ny tims by ~aid MORTGAGfE, becwse w in the event of the failwe on the pa?t of tFw ssid MORTGAGOR to d~ly, p~anptly and fully p~rforrtl, dych~~t i
~xecvte. et(~d, complNe. comply w~~h and ab:de by each and every the stipvlations, ipreemenn, conditiom, and oownants of aid promiswry not~ and tFw }
mort~ay~ u~y w ei~hsr. ~nd sa~d cos~s, charyes and expenses, sach and every. sh~ll b~ ieemediately due ~nd payable: whetFwr a nW tl?K~ M ootip dr
mand, ~ttempt to collect or suit pendirg; and th~ tull emoti,nt of MeFi ~nd evq~y wch psym~M aMll bear intar~st from Ih~ dah tMreof ~ntU paW ~t 1M
rete of nin~ per centum pe~ arnwm: arK! sll said cosh. cM~ges ar?d expenses ina?rred or paid, togethei with wth intaqt, sMl{ b~ s~tw~d bI? tht i'~n of this
"'°"p'~'' 1
6. That (s) in the event of any breach of this Mortgsye or default on tM part of ths MORTGAGOR, w(b) in the eveM ~ny of said sums of momy ,
herein referred to be nol promptly a~d fully paid within thi~sy t30) days ner~ ~fter the same sevcratfy becorr~e dw and p+yabb, wilhoul d~n»nd or notic~, - 1
w(~ in tM ~wnt each and every ~he at~pul~tioni, agrsemsnts. conditions snd covenants of sa~d promissory not~ and this mat~ap~ any o~ ~itMr ~n no1 ~
~u1Y, prompt{y and fully performsd, d~xharged. executed, eifected. completed. canplied with and sbided by, tlwn in ather a u~y wch went th~ wid ag =
preyate tum mentaned in said promissory note then remaining unpaid, with. interest acuued. and all mor~eys seturad heteby. sMll bscom~ dw and p~Y- •
~ble fathwith, w thereaiter, st the option of said MORTGAGEE, as fully and completely ss ii all of the said wms of money were wipinally. atiputated t
fo be paid on s~ch day. any~hing in sa~d prom~uory note or in this Mortgage to the contrsry notwithatandinp; and theraripon or thereafter ~1 tM optan of
~aid MORTGAGEE, without norice w demand, ~uit at law a in equity, therefore w tiKreafecr begun, may be ~wecv~ed as tf ~II mwKy~ s~wr~d haeby
Md cn~tu~ed ptwt to its i~?sl+tution.
7. That in the event that at the beginni~g of or st any t~me pending any svit upon tfiis Mdtgage, w to foretlos~ h, or to r~fpm it, or fo eniora
paym~nt of any claims hereunder, said MORTGAGEE shall apply to ~he Cour~ hsving ju~~sd~c~~on thereof fw tF~e appointm~nt of a Receivsr, wch Cou~t ihakl
forthwith sppoiM a receiver of said mortgaged property ali and singulsr, includ~ng alt and singular the insom~, profiri, asues and r~venues lrom whafe+ror
sw?ce derived, each and every of which, it being expresaty unders~ood, is F+ereby mortgaged as ii sgeciticaUy ut forth and destrib~d in tM pr~ntit?p u+d
habend~m clavses hereof, and such Receiver shall have all the broad and effective f~nc~~o~s and powers in aoywise MMusftd by a Covrt t0 a Receive~, snd
such appointment shall bc made by such Court as a~ admitted equity and s m~tte~ of abao~u~e rigfit to said MORTGAGEE, and without rthre~ct ro th~
~dequscy o~ inadeq~aq of the value of the property mo~tgaged or 1o the sotve~cy or ~nsolvency of said MORiGAGOR a the defendanf~, ~rsd th+t tuch
re~ts, profits, incwne, is~ves and revenues sfiall be applied by suth RKeiver sccwdiny to the lien or eqv~ty of aaid MORTGAGEE at~d the prKtiq Of suth ~
Court. .
8. To duly, prorteptly and fully perlorm, dixharge, execute, effetl, complete, comply wifF? and ~bide by wch and svsry tF?s stipulations, sy~eemerttt,
ca~diYaro and covenams in sald promissay note and this mortgage ut forth.
9. That in the event the owncrohip of tfie mortgsged premises, a any parf thereof, becomes vested in • person other than the MORTGAGOR, tM
MORiGAGEE, its s~ccessors and sssigns, may, withov! notice to the MORTGAOR, deal with such successor ot succasor in i~terest with refere~ce to thGs
mortg~ge and the debt hereby secured in the ssme manner as with Mortgaga without in any way vitiating p d~stMrpinp ths Nbrfys~ors' liability hl?~-
under d ~pon the debt hrreby secured. No wle oi the premises Ix~eby mortgaged and no (orbearanct o~ the p+rt of tM 1Y10RiGAGEE a it~ suaessors
or usig~s and no extension of the time fa the paymeM of the debt he.eby secured given by tF~e MORTGAGEE w its tuccessws or assiy~, ahdl operat~
Io ~elease, discha~ge, moclify ch~nge or atfect tfie original liab~iity of the MORTGAGOR herein, eithqr in whole w in p~rt.
10. It is spedfically agreed that time is of the essence of tfiia comraa and that ~o waiver of any obli9aYan hereunder o? of ths oblipafia? sa
ared hereby ahall at any time thereaftcr be held to be a waiver of the terms hereof w of the instrument secured htrby.
I 1. In add~lion to the fwogo:ng monthly payments of princ pal and interest required by t!x promissory note setured F?ereby, mwtgagu tO~ena~ts ~
and agrees to pay to mo:tgagee w~th each montl+ly pay~nem an add~rional sum esr+mated by morlgsgee fo be equal to 1/12 of the eanaal tosf of the follow- ~
~ng. ,
A-All rea) property taxes levied or assessed against the above dex~~bed real estate_ ~
8-Premiums on fire and windstorm insuran~e as hcrei~ requ~.ed to be ca.ried on t1x ~rnprovemems siwate on the sbove desaibed premises. ;
C-Premiums on such morigage guaranty insura.~ce as mo~tgagee shali from time to time deem fit to urry on the bsn setured he~eby.
Mortgagee shall from time to time rotity mortyagw in w.iting of the •amount due and payabte hc~wnder and suCh wm sfiall thsrwpon be due and
psyable on the due date of the next manth!y payment and each successive month thereafter until mortgagse shall notify mortgagor of a chan~e in such ;
amouM. Such sums shail 6e appiied by mortgagee toward the paymcnt of real prope~ty taxes, insvrance prem~vma, ~nd mwfgage gwranty inwrence ~
premiums. •
IN WITNESS WHEREOf, the.said MORTGAGOR has hereunto set his hand and seal the day and year 'st afw>said. ~
' ned,~ led ti ed in he presence of: ~ I ~
• •4
Ruth M. Kingston foYmerl Ru h. Bower ~
~
_ heodore Llo n ~
STATE OF V~t R p~~; n
~
d~~-~1 ~ ~ '
eeso.e m. Pe.~tiiy appeared R~~*~ M. Kingston, foraerlv Ruth M. Bo~rers, ]oined by her
husband ?heodoYe Lloyd Kingst~7 ~p{~~~ ~,~,e~~ knoM,n „x! kn,v~n, fo n,e b b,
the individwls described in and wFw execu:ed the fae~oing instrument, and acknowfedged before ene that they ex~cuted the ssm~ for tM purpo~ea
e,~p.~d. a,a rn~ ,,;a Ruth M Kingston t foraerlv Ruth M. 9o~rers ~
wife of tM ~,~d Theodore Lloyd Kingston ~pon ~~r~te and priv~t~
exam~natan by me take~? srparate and apan from her said husband, scknowledped ro end befo~~ me thst ahe executed aid i~ntrvment fteely and volwr
tarily and without any compulsion, constraint, spprehena~on, or fear of or f id husband.
WITNESS my hand and official sral this ~ ~ day Ju A. p, 1q 75
~
f11.E0 Ah~ ~~ry pu~ic in ~nd fw the St~t
- ST. LUCtE COUM Y iLA. My Comm~ss~n e:pires: R i 4 ~
ROGFa a~JITR
Retum To: Cl E F 1~ n C i11 T(~j~ ~pltss ~p~ ~ I ~
fim Federal Savings 3 loan Associat~on P~C1~. ' yt.•F=rd i
Of Fort P~erce. L
Forf Pierce. Florida ~ ~j ~ l7~~u v
H / J ~
~
~ . • r
This Instrument Prepared By ~ohn W. ColliYfs .
First Federal Savings & loan Assoc~ation
of Fort Pierce~ Flor ida 33450 ~
Checfced By 4~ • ~
ti R ~
Rt~3K~ ~ ~
~ ~ ~
.~t i"
' d2
- - - ~ £ v~
~Y~ ~r~'~'~ ~ ~ ; "~.kx':
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.~,y _
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