HomeMy WebLinkAbout2308 ~
To pl~u ai+d contlr?uouily k~ep on tM buitd~n~s now a her~afr~~ ~itwt~ o~ said land ~nd on ~11 equipn~m ~nd p~rsonally oownd by this morp~
p~, wilh dl p~miums thHeon pa~d in full, fire insuranc~ ie IFN uiwl tundard policy torm, Y? • ~um ~pprowd by tM MGRTGAGEE, and wlnd~tan~
iraww~c~ in ~M u~wl aae~da.d po1Ky iorm, i~ a wm ~ppro~~d by ~M 1NORTW?GfE, fn wch tompany or tompaniq a~ tM MORTGAGEE may ~
dw~ctj and all ib~ and wi~hw.m +r?wru~a policas on ~ny of ~a~d kwild:rp~, ~ny t,+rKat rlwr~in w p~.t rMrwf, in tM apprp~~~ wm aforeaid or ~
M ucaa ~Mrwi, sMll conuh tM ~awl ~~u~dard mor~papN clw~ o~ iuch ahw clws~ a tM MatypM m~Y n~in, ~Mi~p tlr Iw~ v+~dK aid po14
ti~s. ~ath ~nd wery, paYabl~ w~~id IMORTGAGEE ~s its intattt may ~pptar. ud ~ath and wKy urch policy aMll b~ proenptly ~t:p~wd and d~liwr~d to }~r
any h~ld by said MORTGAGEE as tw~fur security ro said mor~yay~ debt, and, not ku ~Mn t~n (10) d+ri in adv+rrc~ ot ~M ~xpiraion of ~ach policy, ro d~- ' !
IivN to t~id MORTGAGEE • rtnswal ihe~sof, to~tl+K with • receipt fw tM prtmivm of suth ren~w~l= and thNt sh~ll b~ no fa~ w windslam inwr~nct ,
pl~eed oe any of aid buildinp~. ~ny inee«it thsr~in a p+~t tMrsof. unleu in tFw form ~nd wi~h ~h~ low payabb a afa~s+id~ ~nd ln th~ ~wm a+y wm , `
of monty betom~s payabl~ ~Mk+ such polky w policiN ~ald MORTGAGEE ~hall Mw tM optan 1o ncriw «d applr tM sam~ on acw~nl of tM fr~b~~d-
n~ss ~ecw~d I+K~by a a permif said MORTGAGORS to rectiv~ and h a~ny pa~~ tMreoi fa othe~ purpos~s, wi~hovt the~eb~ waivinp a imp~lr-
irq any pviry, lie~ a rqht under o~ by virtw.of thia morrpsy~s ~nd in ~M ~wn? uid MORTGAGORS ~l~+11 fa u+y ~~awn fai) ro ke~p rM s~id pranisN w
iroured, a f~Il b d~liver promptly ~ny of ssid policies of insururct ro~aid MORTGAGEE. w fail promptly to paY fuNY ~y pruniwn thenfor a in ~ny
?s~p~ct fail w per(orm, dixFur9e, ~xecute. ~(f~cr, compl~N. compty wi~h snd ~bi~ by thia cov~nant. a any parl Aerwi, said MORTGAGEE m~y plaae and
p+y iw such iraurux~ w~ny pan tF~eot w~rhout warvinp or ~ffecti~p u+r option, li~n, pui~y, or ripht ur,dN a by ~rirtw of thls Matyape, u~d tM
full s~no~m of ~~ch u~d swry such paym~m shall be inxnadiat~ly dw and payabt~ and shall b~ar let~rat t.am tM dat~ therwf uo~il paid at th~ rat~ 01
nirN pt? ce~t~m pa ~nnum and to;~ether with tuch i~terest sMli be secwed by th~ li~n of this mort9ay~.
4. ?o p~.mY, canmit or iuffN no wute, impai~msm or de~Kioration of said p~opNfy o~ ~ny put thKwf.
S. To p~y all u~d Wrgul~r th~ eosts. ch~r~ and expa+se~, includiny a rNSOnabh ~t~orewy'~ fM and aoin of ~bst~aet~ of tlrl~, Inevn~d a patd at
any time by wid MORTGAGEE, becaus~ or in the ev~nt of tM failvn on ~F?~ pan of tM aid MORTGAGOR b d~ly, P.om~ub .~+d fv~hr P..fw~n, dad,a.pw
~xecvt~. ~ffep. compl~ts. comply with and ab:d~ by ~ach and every tM stipulat~ona, preeme~», conditiom. and tovManb of s~id promissory not~ and thi~ ~
monqsp~ ~ny w either. and s~id costs, charpes and ~xp~nses, each and ewrr. stull bt inunedi~~~ly dw ~~d pay~bl~j wMth~r a not fF~~ b~ noric~ dr
m~nd, attempt to colkct or ~vit pendingt and tAa full amount of exh ~nd wery svch payment ~h+ll b~~r intKnl froe!~ tM dat~ th~rwf u~1i1 pald ~t tM y
rate of nin~ per cantum per a?~wm; snd all said cost~, charges ~nd expens~~ incwr~d or p~id. topsttror with tuch intettst, ahall b~ sKw~d by tM Iwn of thN
ro
mwtpp~. ~ i
6. TMt (a) in the event of ~ny bre~ch of this Mortgye w dei+ult on tM part of the MORTGAGOR, or (b) i~ ths ~vMt ~r?y of s+~d auna of mwMy ~
herein refe?red to be not promptly snd fully paid within th;rty (30) days aext •fte~ Ihe iame s~verally batane dw ~nd payibl~, whhout damu+d or notiu,
w W in tM w~nt sach and evay tF~ stipulatio~s, ag~eemMt~. conditions ~nd cown+nt~ of sa~d pranitw~y not~ and tFus monpap~ ury a eitha are no1 i
iuly, promptly and fulfy paform~d, d~xh~rged, execv~ed, ~ffected, compteted, complied wi~h ~nd abided by, MNn in ~i~htr a aM? sud~ ~wm tlw uid a~
prey~ta sum mentaned i~ said p~omisswy nota the~ remaininp unpaid, with interest acuued, and ~II moneya s~tvred hu~by. tMll bec+on+~ dw ~nd p~y~ i
+bl~ fwthwith, 01 thlfNflN, th~ option of said MORTGAGEE, a fully and comple~ely ai ii ~It of the said w~m of money vwn apimlly suput~red
ro be pa~d on suth day, anything in sa~d p~omiuwy note a in tha Mortya9e to tM contr~ry ratwithsandinpt +nd thenupon o~ th~r~ahu at th~ optio~ of
•aid MORTGAGEE, wi~hovt notKe a demand, wit at law a in puity, tha~alo~e or ~hereafur be9un, m~y be proNCVt~d p if dl mawy~ acund I+K~by
had matwed prwr to ia iastitution. _
7. ?hat in the event tha~ ~t tM beginntng of or at any time pendiny ~ny wit upon this Mortp~, or ro for.cb.. R, o? to nfart~ N, a to ~nfwa~
payment of ~ny claims hereunder, ~aid MORiGAGEE shall apply fo the Cou.t havinp jurisdKtan tl~ereof for the ~ppointm~t of a R~ceivK, wch Co~rf sMll
forlhwith appoint ~ reuiver of uid mortyaged prope?ty all ~nd singuler, includ~~g all ~nd s~npular tM incortw, profi», issues ~nd t~v~nu~s from whatewr
uurce derived, each ~nd ~very of which, it beinp expreuly undcrs~ood, is hcrcby mor~yaged ~s if specifically sN forth and dewibed h tM p~~ntinp and
habendum dautes Asreof, and such Receive~ ~hall have stl the Mo~d and elfective funcnoni and powen in anywiit entrusted by ~ Cowt to ~ Receiv~r, ~nd
•uch spparoment shall be mad~ by suth Court as an admitted eqvity and a m+tter of absolut~ riyhs ro said MORTGAGEE. ad witho~f r~ferenct ro tl»
adeq~acyr w in~dpwq of the vdw of ~ha property mw~ga9ed or to ~he sonrency a insolvency of said NARiGAGOR a rh• d•f~ndann, and that such
renn, p~ofin, intome, asues and revsnues ~hall be applied by such Receiver accord~np to tM lien ot puiry of taid MORTGAGEE and the pr~ctit~ of suth
CouA.
8. To duly, promptly and fully perform, discMrge, execute, eHcct, complete, comply with and ~bids by NcF~ and ~wry tl+~ stipubtions, apnert~ts,
conditions and covenantt in a~~d promissory ~ote and this mortgage set fath.
9. TMt in rhs eve~t the ownsnhip of ~he mortgaped premises, a any pan ~hereot, b~comes vesnd M a pe.son other than tl» MORTGAGOR, •~M
MORTGAGEE, its tutceuors and ass~yns, may, withou~ notice to ~he MORTGAOR, dcal with such sutceuw o? successw in interett with refer~nte to th~s
me~tgaye and the deb~ hereby secured in the ssma msnner as with Mwtgsgw without in ~ny way vitiatinp p distharyinp th~ Mortp~pws' lisbility M~a
unde? or v the debt hcreb secured. No ~+le of the ~emises hertby mort ~
pon Y F y+yed u+d wo fo?b~~rana on IM pan of th~ 1NORTGAGEE or in successon
or easigns and no eatension of the time for the paymem of the debt heroby secwed 9iven by th~ MORTGAGEE w in s~cpswrs or asspns, ~MII opa~t~
ro releas~, discharye, modify change a affect the original liability of the MORTGAGOR Mreio, eitha In wMt~ a in put.
10. h is spedfically ag?red that time is of tM eise.~ce of this contrstl and thal n0 waiver Of My Obli~afion F~ew~der or of th~ obllpation ae-
cured hereby shaU at any time thsreatte~ be held to be a waiver of the terms he?eof w of th~ irutrwneM wcur~d herby.
11. In additior+ to the ~aego:~g monthly payments of princ'pal end interest required by the promissory nole secured hereby, motfgspor tovenanb
and agrees to pay to m.ortgagee with each monthly payment an adderionsl sum estimated by matg~gee to be eqval to 1~12 of the annual cost of the folbw-
~ng:
A-All rea) property taxes kvied a ~ssessed agalnst the above desuibed red etqte.
B-Premiums on fire and windstorm in~urance as here~n requ~red to be carried on the improvemtnts situate o~ fhe above destribed premises.
C-Premiums on such mortgage guaranty insurance as mortgsgec shafl from time to time deem fit to urry on th~ ban setured hereby.
Mortgagre shsll from time to t~me ~oti(y mortgsgor in writ7+ig of the amount due and payable hereunder ~nd atich wm shall thereupon be due and
payable on the due date of rhe next monthly payment and each successive mo~th thereafter u~tit rtaA9syee shall notify mort9~pw of • chanpe i~ wch
amount. Such sums shall be applied by mortgagee toward the payment of re~l property taxes, insura~te prem:wm, and mortg~ye qusranfy insut~nte
premiums.
IN WITNESS WH EOF, said MORTGAGOR has hereunto set his hand snd tea) the day and ye fin! aforessid.
; ~nd iver tF~e p~esence of: •
! FILEO ~M^ RfCURDED 7'~
ST. tUCIE 4~U1lTY FLA.
~ ROC£R ?GITRAS ~
~ u' CLERK i,.!?~~tT COURT ~DLLd-JL (Seaq
~ RFCO°0 YE~~f1Et1~.~ ~
~
~ STATE OF FLORIDA
~ J~ 9 38 AH'75 !j~j
COUNTY Of $ti. L11C~B ~ Vii~~
~ e~fwe ~+s ~~s~~y aPPsa.~d Cl~~fo~ F. Rsddish .,,a
f Sher91 P. Reddish ~ w~.. M?.a kn~„+ .~a kr~own w ro b.
i the irxlividwls deiuibed in and who executed the fa irutrum~nt, a~d ackrawledped b~fon rr» that they ~x~wwt~d th~ ssm~ fa tM purpoa~~
~ therein expresaad. Md the ~aid ~heryl P. Reddish
`t wifs of t~u s~~d Cliffol~d F. Rsdd~sh •~'•~~,y ~~~TM
u
~ examioaYan by rt?e taken separate and apart from her ~aid hvsb+nd, ~ctcrawledyed to and befor~ m~ fMt ~ ax fd and volvo-
F tarily and witho~t any compvlsion, corutraint. ~ppreheniwn~r feu of a from htr said husband. Y~+?;~.~;,~ ~~i~
k WITNf.SS my hand and official seal th;t ~ b"~ d~y ~c~0. 19
S
S ~ ~l~~.' . `r ~ C~ ~
"F t~:'
~ ~ry Pubik in ~ ~li ~ if Lyps
My Commission axpic~ : . •
~ a~~~~~ ro: . - 4~ b :t, - :
~ Hnf fedenl Ssvingi 6 Loan Aasociation
. , •r.
z Of For1 P~erce. ' ~ ;
~ v
' FoA Pierce, Florida 'tioi:~'•;,~.•
~ No~orr P~,;~;~. ~ote o! ibr.do a, .o~r~
Mr ~~+~w Espins Ja~. 47, lf7f
~
~ bnd.d br ~+.».rwn Fn a ca~voth c..
~ This Instrument Prepared By J. H. Robe1'ts ~ Jr.
~ First Federal Savings b Loan Association
~ of Fort Pierce ~ Flol'ida
.
~ Checked By 0 R
~ $o~~ z~z ~f~os
~
~ . .
Y . ~ ~ '
~
~
~ ~ ~ , ' ~ _ _ _ . _ ._.~,tst : ",'.v'~•'
y ~ £
~~..tkCy~~~"~"`R'V~~..s~.~2
',~.~`z` . . ~ ~ .