HomeMy WebLinkAbout2039 J. To plx~ ~nd ca~~inuovily ke~p on ~M bu~!d~~+p~ now w h~~~aftN ~i~~aq ai s~id land and on all equipn~nt ~nd pKSOndly cowr~d by tM~ mwtp~
with all prtmiums tF?stwn pa~d i~ (ull, 1'ae ini~r~nce in th~ uswl uandard policy fam, in • ~um approwd by th~ MORTGAGEE, and windala~
Mtvwnc~ in tM uswl uandud pol~cy (am, ie • ~um appov~d by tM MORTGAGEE, M wch company or caMpaiwa a th~ MflitiGJlGfE ea~
dir~cll u~d ~II Rr~ ~nd wiedi?orm inwranu polici~i on ~ny of said build.nps„ ~ny int~r~s~ tlwr~in w p~rt tM~~o(. in t!M apprep~t~ wiw ~faea~ld a
in ~xoeu tMnof, sMll comain ~M uwal iundard ma?yaq~~ clavH a~ucl~ aha claus~ ~s tM Malpap» ~Y rp~in, mai~i~q tlw las ~nda wd poli~
ci~s, ~ath u~d •very. parabf~ a iaid MORTGAGEE as in imet~a~ may ~pp~u. and tath and wt~y s~rdt polky shall b~ pronptiy ~as.yn~d ~nd delivK~d b'~"~
aoy MW by aid MORTGAGEE a~ (ur~he. sec~riry ~o s+id ma~9aye deb~, and. nw Isu thae i~n l10) day~ in advanu of th~ ~apir~tia~ of ~ach policy. W dr•~~
Irva ro s+id MORTGAGEE a rMewal tMreo/, top~~ha Wi1I1 • fK~iPt for tM prMe?ium oi wch r~walt and IFw~ ahall M no fir~ a windsrorm insw~nu -
pl~d on any oi said build~rps. any inlereit therei~ o~ put the~eo(, unku in ~h~ (wm ~~d with ~M las~ p~yabl~ as aforaaid~ ~nd M ~h~ ~vaM any sww
of moMy bsconKS payable u~de~ such poticy o~ policies said MORTGAGEE ~MII Mw th~ opt~on to r~ceiw and ~pply th~ sam~ on ~coown of th~ ind~b~~
n~ss Mcw~d Mrsby a b permil aid MORTGAGORS to reuiv~ and w~ It ar •ny pa.f th~r~of fa o~hcr pwpwes, wirhout ~M.~b~ walvi~q a impai~-
inp any puity, li~n w ~i~AI under or by virtw of ~his mortyaye; ~nd i~ ~M ~vent a~Id 1WORTGAGORS sl?~II fw any ~tasa? fail b kNp tM s~id pnmiws so
Insu?ed, o~ fail 1o d~liver promptly any of said po~icies of insuranc~ to said MORTGAGEE, a fail promp~y ro pay iu11y .ny p~amiwn ~hu.fa ar in an~r
refpM f~il to pMfwm, diuhar9s, execut~, ~(fx~, complet~, comply wi~h u~d ~bid~ by this covenaM, w ~ny puf Mrwl, s~id MORTGAGEE inay pl~c~ uid;
p+Y fw such tnsurance w~ny parf t1?~reof without w~ivirg o~ at(scfinp any optio~, liao,, p~ity, or ripht urwbr or.~by virtw of this Morepa9e, ae~d tMy~ q, ,
full wraunt of each u~d every such paymsnt sh~ll be ~mmediately dw and payabk and tMll b~u intm~st irom th~ dat~ tharwf un~ll paid N tM r~N of i~.,
nirw p~r c~ntum per annum and togethtr with such interest shall be secured by tM lie~ of this mo~rtpp~. - •
1. To permit, commit or suffer no waste, impairrrKnt a deteriw~tio~ of s~id properip ot any put fhtrwf.
S. To p~y ~~I and sirgul~ tM costa, cAsrpe~ ~nd exp~nses, ii+cludin~ • reasonabb attanty's fN and aosts of sbstracM d titl~ fncwr~d a pald ~t
~ny tim~ by wid MORTGAGEE, becaus~ a in the tvent of the fa~lure on tht p+~t of tM said MORTGACsOR to duly, prompty and fvllp p~rfwn~, d~r~
execute, effed. compk~e. comply with and ab:d~ by each end every the stipul~tions. preements, conditiora, and aoveMnts of s~id praniuwy noM ~.~d ~1w
mwtpape any w a~her. ~nd sa~d costs. charpn and expenses, exh and every. shall be imrr~lialely dw aed payabt~: whetl~ a no1 tMr~ b~ notict d?
mu~d, ~/tempt ro colktr or suit pe~ding~ and the full amount of each and eve~y ~exh paymMt shatl beM imer~st fran tM daq ti~eof waii paid al the
rete of nine pcr centum per arntu:n; and all iaid cos~s, charges and expensea incwred a paid, ropether wAh wch Int~rest, sMU b~ s~cvred by the Iwn of this
mortp~e.
6. Thst in the event of any b?e~ch of this Mortgag~ o? deFault on tM part of th~ MORTGAGOR, w(b) in th~ evtnt any of s~id wms of money
herein referred to be not promptly and fvlly paid wirhin thi.ty i30) days next after the same severatly becpns d~e and pay~bl~, withou~ dertind w ewtice,
or in the event each ~nd ~very the stipuls~ions, agreemenb, conditions and covensnrs of ss~d promiuwy not~ and ~his mwqa~ ~ny p~iMer m nol
~vly. promptly and fully pNfwmed, d~xhar~ed. exacuted, cffected. completed. complied with and ~bided ~iy. tFw~ ie either w aey such ~1 IM said ap~
gre~at~ ~um mentaned in s~id promisswy note then remaining unpaid, with interest accrued, and atl mpnty~ ~ecwed hettby, sMll bKOerw dw and p~y-
able fa~hwith, a the?csfter, ~t the oprion of sa~d MORTGAGEE, as fully and compleeely as if alt of rhe said wms of moMr wert orgin+lly ~tipulated
to be pa+d on iuch day. anything in sa~d prom~uory note a in this Monpage to the coon~ry notwithst~ndirg; ~.~d therevpon a thereaha at th~ op~ion of
taid MORTGAGEE, without no~ice a demand, s~it at law a in equity, tlxrcfwe a thereafte? be~vn, may bs prosecvted as if aU mon~ys Ncwd haeby
had matured prwr lo in institWio~.
7. TMt in the event tMat at the beginn~ng of or ~I any time pending any svit upon this Mo~fysg~, ot to foretlos~ N, ot fp t~fonn it, a to enforp
payment of any claims hacuader, said MORTGAGEE shall apply to the ~ourt Mving jurisdiction thereof fw th~ ~ppointment of ~ R~osivat, wch Cowt shsll
fwthwith sppoint a receiver of uid mortgaged property all and singular, includ~ng all and singuls~ the ir+corn~ pofits, issws and rw~ewies from wlwtever
w~rce derived, eacF? and every of w!~ich, i1 being expreuly unde.stood, is hereby mwtgaged u if specificalty aet forth and dncr~ed in f!r prantinp ~nd
hab~ndum clauses hereof, and s~ch Receiver shali have sll the broad and effective funct~ons ~+d powen in anyyris~~r- t~d b~r ~ Court to a Reteivd, and
tuch appointment shall be made by such Co+,rt as an admined equity and a matter of ~bsolute ri9ht to pid MORT6AGEE. ~nd witho~rt ?ffNlfK4 ro the
adequacy w inadequacy of the value of the p?operty mortgaged or ro the sorvency or inwlvency o( ~id MpRTCsAGOR w fhe defe~dants, and tl»t such
rent:, profits, incorne, issues ~nd revenues thall be applied by such Receiver accwding lo the lien or equity of said MORTGAGEE snd the practioe of such
Coun.
8. To duly. promptly and fully perfwm, discharge, execute, efiect, complete. cQmPly wilh and abid~ by each u~d every th~ stipul~tion; s~reeinants,
conditaro and coven~nta i~ said promissory note and this mortgage set forth_
9. Tha! in the event the ownership of the mortgaged p?emixs, or any parf lhereof, becor~es vested in • p~rton other th~n fM MORTGAGOR, fhe
MORTGAGEE, ib successors and assigns, may, withouf no~ice to tfie MORiGAOR, deal with such succeua a wcceasor in imerest with ~eference to 1fiu
mortgage and the debt hereby secured in the same manner as with lNortgagw withovt in a~y way vitiatinp or d~sthupirg the MorlyaQors' (i+bility hers-
unde~ w ~pon the debt hereby secured_ No tale of the premixs hercby mo.tgaged and ~o fabe~ra~ce o~ the part of the MORTGAGEE p its wccessw~
w auigro +nd no extens~on of the time fa the pa~rrKnt of the debt hereby setured 9iven by the MORTGAGEE w its sucussors p assipns, sMll operat~
to release, d~uhar~e, modify change or affect the orig~nal liab~tity of the AhORTGAGOR herein, sifher in whde or in put.
10. It is spec~fically agreed that time is of the essence of this contract end th~t no waivN o! any obl~pafan MrewKle~ ar of tlw oblipation se-
cured hereby sM11 at any time thereafter be held to be a waiver of the terms Fxreof or of tM i~trument secwed Mrby.
11. In additio~ to the foreyo:ng monthly payments oF prinCpal and interost required by the promissory nole secvred hereby, mortgsyor covenants
and ~grees to pay to mortgagee with each monthly payrrtent an add~rional sum estimated by mottgaqee to be eqwl to 1/12 of the annwl tost of the follow-
ing:
A-All real propery laxes (evied or asussed agaiast the above described real estate.
B-Premiums on fire and windstorm insurar,ce as herein requ:red to be carried on the improvemenb situate on the above dewibed premises.
C-Prsmiums on such mortgage gwranty inswar,ce as mwtgagee shall from teme to time deem fit ro urry on the lo~n secured hereby.
AM1o~tgagee shall from time to ume notify mcrtgagor in writing of the amount due snd payabk hereunde~ and aud~ wm shall therevpon be due and
, payable on the due datr of ~he next mo~th;y payment and each successive momh thereahd urtil mwtgagee s}~a11 notify mort9agor of • chsrg~ in wd~
amouM. Such sums sha11 be applied by mortgagee toward the payment of real propirty taxes, insurante prem:vms, Md mprtgape yuuanfy inwr~n~e
premiums.
IN WITNE55 WHEREOF, the said MOR7GACsQR has hereunto set his hand and ua) the d~y and year ' t ~faes~id.
I, Sipned, Seakd and delive~ed in the presence of:
j ~ iq.~~i Dri1 ~~G+JRO£~ ,
i ft.t~+~K~~~f.~~
}~„Rsu- ura B. Hancock
I CL't:.~ :::•~tY C4tl~T
' ~C- ~ ~vl.~-~ ~r~~G,"} Y:v: i~s;; tc..q
~
~ ~
~ SiATE OF FLORIOA ~ ~t 112 ~N ~5
~ ~ 55. ~j~
COUNTY OF i //rs~ ~ ~7.~~~
~ Befwe ms perwnally appeared Laura B. Hancock. a sinqle adult Y~
ms well keowe ~nd known a me w b~
~ the individwl deacribed in and who executed the foreyanQ instrument, and acknowledped beforo rm that SM ~xewtsd tF~s am~ fp fh~ purpos~a
; thereio exprtssed.
~ iG~`I y~
~ rwr~e~ .
~ WITNESS my FN~d and officisl seal thi day of • p, 19 ?S ;
~ • - ~
Noury Pvblic in fw StaM Fbrid~ N Lar~
~ My comm;,,;,n .~pir~,;
Return To: . •
~ Firsf Feder~l Savingt 3 loan Association ' }
f
Of Fon P~erce.
~ ,'`i.tltHlltii7.~.~r = .
Fort Pierte, Florida r, -
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~ This Instrument Prepared By John W. Collins o;_ r-
~ First Federal Savings 8 Loan Association - : ' ` • - - i; _ ~
~ of Fort Pierce , Florida f'• ~°U~ ~ ~ ~ ' ~
~ Checked Byg1~- =,~G'~;~•~•:::: • i
~ D it ~Ri~'~ ~
~
` SDOK~~ ~Gf~~
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