HomeMy WebLinkAbout2310 I
To pl~ ~nd continuouily kHp on fFN buildi~qs now or lwnaftp ~ituat~ on said lur! a~d on ~II puipm~m ~nd pKw~ally covK~d by this mai~ ;
p~, with ~I) pr~enivm~ ~htreo~ paid in tvll, lirs in~uranct i~ th~ uiwl ~undard poticy fam, in ~ ~um ~pprovd by tFN MORiGAGEE, ~nd wieKblam
insw~nn in t!w ~~wl ~unda.d pul~cy fam, i~ ~ sum approved by rM MORiCrAGEE, in such comp~ny a companip as tM MORTGAGEE may
dihtt~ ~nd all (ir~ ~nd wie?dstonn inturanc~ polici~i on any of taid b~iWinp~, ~ny inq~~tt thK~in w part thtreof, in Ih~ p9rp~t~ wm ~(a~~+id o~
In ~xc~ss t~ia~of, ~MII contain ~h~ usual s~~ndard marga~ dsw~ w such othK claus~ a tM Nlw~p~ may ~pvu~, m~kinp 1M loa undM N~d polE .
cip. ~ach u~d ~v~ryr. p~Yabt~ to iaid MORTGAGEE ss it~ ini~rest may app~u. a+d tach and ~very such poliry ~1u11 b~ pranp~ly ~u:9n~d u+d dNiwr.d a
~ny hdd by iaid MORTGAGEE ~f tunhe~ tecurity to said mwtps~s dabt, and, rwt I~u tMn ~en (10) days In adva+?c~ of 1he ~xpk~tan of ~ach policy, ro d~-
Itwr ro kid MORTGAGEE • raxwal IMrtof. toQNMr with a receipt for ths prert~iwn oi tuch ra»w~lj and tMn ~Fiall b~ ta f'u~ a windttwm iowranc~ .
p1~pd on ~ny o! said bvildings, any interest tMnin w part ths~eof, unleu in Iht (orm ~r+d wi?h ~M loa pav~bl~ ~s afo.~saldr a~d to tM ~v~n~ u?y swn f.
of mon~y b~canp payabl~ w~d~r wch polky w pol~ciK said MORTGAGEE ~hall Mw tM optan to rsceiv~ and ~pply tlw sam~ on accou~t of th~ h+d~bt~
n~a s~cwsd I~eby o+ ro permit ssd MORTGAGORS to receiv~ utid u~ it a~ny part tMreof for other purpoies, wirhout thaeb/ waivinp a unp~N-
irp ~ny sQviry, IiM w right ~~de~ or by virtw of thii mortpaps; and In t}» ~vent ~aid MORTGAGORS sha11 (or ~Mr r~ason (atl ro k..p ih. aid p..misa w ~
Intu~ed, ot Iai1 b deliva promptly any of said policiei a( inswa~ io said JMORTGAGEE, or fsil promplly to pay fully any pr~mium tMnfor w in an~
r~tpacf fail b p~rtam, dixMrg~, execut~. eff~c/, comptete. comply with and ~bid~ by 1hI~ covtnanf. a ~~y part Mrw~, s+id MORTGAGEE may plsp ~r+d y,
paY fw ~uch i~wrar~ or u~y parl tMreof without waivinp or ~f/~ctinp ~ny option, li~n, equity, o~ ~ipAf unda w by vi?tw of this Mortpap~. a~d the ~
~vl~ amoun~ of esch ~nd ~vKY auch paYmem shall be imm~diatdy dw and pay~bl~ arx! thatl be~r interat irom tM daq tF~erwf until p~k! ~t tM rat~ ol ' }
ni~ per t~ntvm pN annum and together with tuch ime~est thall bs seturet! by fhe lien of this mwfpape. ~
1. To psrmit, commit w suffer r?o wa~te, imp~irment w deterior~tan of said properfy or ~ny p~f fhK~oi.
S: To pay atl a~d sirgula~ t!» cosn. chupes ~nd ~xpensss, includieg a n~sonabls +norrNy's fe~ snd ooiri of ~bstr~cq of titb. Incvrrtd or paid N
sny time by said MpRTGAGEE. bacause w in the went of the failuro on tM paM of ~M sald MORTGAGOR to d~ly. promptly ~nd fvlly ~rfwn~, ditch~rq~
execute, sifact. comptare. comply wi~h and ~b:da by each and every ths ttipula~ions, preements, caxlitioro, ~ed oownants of tsid promiuory nof~ and thq
mwtyape any w ei~her. snd sa~d costs, charges and expe~ses. each ~nd ~very. thatl bt immediately dvs u~d pay~bl~: wMtMr o? not tMr~ b~ ~otlp de
mand, attcmpt to collec~ a suit pending; a~d the ivll amount of each ~nd every such p~yme~t shall bea. interss~ from the daq tMrwf w~til p~id d the
iate of nine per centum per annum; and atl said costs, charges and expe~us i~wrred w paid, logether with such inqrest, sMll b~ aecvred by tM Iwn of this
6. Ths~ (a) in the ~vent of any b.each of fhis Mutyag~ w default on tM part of the MORTGAGOR, or (b) in tM went ~ny of~s~id su+ns of monty
hereir? nferred ro bs not prompfly and (ully paid wi~hin thirty (30) days next aite~ Ihe sam~ ~everetly becoms dw and pay+bl~, without d~ma+id a notic~,
or W G? th~ ewnt each snd eve~y the stipulat~wu, agreemenn, conditions ~nd coven~ms of sa~d promissory eott and tFds maly~pt any w ~ilher ~h no1
iuly. promptly ~nd fulty performed, d~scharged. ~XKUIl~, eftected, compl~red, complied with ~nd abided by. tha? In ~itiwt a u~y such wem tM said a~
pregate wm mentanad in said promissory ~ote then remaining unpaid, with interest ~tuued, and all ma~eys set~red hereby, sh~ll bstar» dw and p~y-
able fwthwith, w tnereaf~er, at the option of said MORTGAGEE, aa fvlly •nd completely ~s if all of the ~sid avms of mw»y vwrt oripinally atipul~ted
ro be pa7d on such day, ~nything in sa~d p~omissory note w in this Mortgage to ths contrary notwi~hstsnding; and ths~wpon or thertahe? at tM optio~ of
said MORTGAGEE, without notice or demand, suit at law w in eqvity, there(ore w lhereafter begun, m~y be prqecuted ~s if all moneys s~cund haeby
had marured ~ro? to irs institution. .
7. That in tAe event ~hat at the beginn~np of or ~t any time pendir,p any wit upon thu Mort~~ge, or to fweclosa N, w to rofwen N, a to Mfwp
paymer+t o( eey daims hereunder, iaid N40RTGACaEE ~hall apply to the Court having ry~isdittion thereo( fw tht appoinfinent of a RsteivN, wth Court shall
forthwith appoint a receiver of said mortgsged property all s~d aingular, includ~ny ~II and sinpufsi tiu income, pofiri, itwa and ~evenues from whatwer i
wurce derived, each and every of which, it being exprculy undess~ood, is hereby matgaged q if apecifiulty set fotth and de~vib~d M the yr~n~inp and
, haber.dum ctauses hereof, and s:K~l RKl~vN shall have all the broad and effect~ve funct~o~s and powers in anywix entrusted by a Coun to • Receivsr, ~nd
such sppointment sha11 be made by wch CouA ai an admitted eq~ity and a rr»tter of absolute rigM to taid MOR?GAGEE, ~nd. without reference ro the
adequ~cy a inadequacy of the vatue of the property mor~gs9ecl w to the soivency w insolvency of said MORTGAGOR or the defendants, ~nd that avth
renti, profin, income, issues and rovenues shall bc applied by such Rece~vcr accwdinp to tha tien or equity of said MORTGAGEE and the practiu of avch ~
Court. `
& To duly, p.ompr~y and fuly pertorr~y d~scharge, execure, effect, eompkte, comply with ~nd abide bp sach and wery fM stipulations, apreamenb,
conditions and wvenents in said promii~ory nofe and thu mor~gsge sN forth. .
9. That in the eveM the ownership of the mwtgaQed prcmises, w any paA thereof, becomes vested in s p~non ofh~r thaq tM MORTGAGOR, th~ ~
MORTGAGEE, its succeuon and asslgos, may, withouf notice to the MORTGAOR, deal with such successor a suuessor in intarsat with reference to this
morlgage ~nd tl~e debt hereby secured in the sarne manreer as with Nbrtgsga without in sny way viti~tinp a d'estharying the Morty~pon' lisbiliry hen-
undtr or upon the debt hereby secured_ No sa:e of the premises hereby mortg~ged and no fwbearance on the part of tF» AIIORTGAGEE w iri suctessots `
w usigns and no extension of the time fw the paymcnt of the debt hereby secured given by the MORTGAGEE or its wccessors or assiyns, ahall operat~ ~
~o r~kase, dixMrge, modify change or affect the original liab~t~ty of the MORTGAGOR herein, either in whole or in pa?t. !
10_ It is specifically agreed that time is of the essence of this contraU and tha~ no waiver of any obligation here~rnder or of fh~ oblig~tion se-
cuied F~er~by sh~ll at any tinK lheteaflcr be held to be a waiver of the terms hereof or of t!r inslrument setured herby, i
1l. In add~tion ~o ~he fwego:rg monthtY paYmenes oF pri~c~pal and intcrc~t required by the promissory note secvred hereby. mo~tg~gw cvvenants ~y
and sgrees to pay to mortgagee riith each monthly payrnenf an add~rional sum estimated by rtwrigagee to be eqwl b 1/12 of the anrwal coat of ths follow- }
ing:
A-All rcsl property taxes levied w asseised against thc a6ove deuribed real estate.
B-Premivms on fire and windstorm inwrar.ce as herein reqv~red to be carried on Ihe improvemenri situate on tfie ~bove dtur'bed ~
, Premius. ~
~-Premiums on such mwtgage guaranty insurance as mortgagee shall from time fo time deem fit to tarry on fhe ban secured hereby. ~
Mortg~gee shall from time to time notify mortgago~ in writing of the amount due and payable here~nder and such sum shall fhereupon be due and
' payable on the due date of the next monthly payment artd each suctessive mw~th thereafter until mortysgee shall notify mortgagor of e cM?ge in s~xh ;
amount. Such sums sF.ail be applied by mortgagee roward the paymcnt of real property taxes, insu:ante pr~m;ums, and mortyage gwrantr insurance
premivms. _ .
i IN WITNE55 WHEREdF, the s~~d MORTGAGOR has hereunto set his hand and aeal the dsy snd yN~ f' ! esaid
Siyned, Seakd and delivered in the prexnte of:
~ ftlED An~ REC~ROEO ,
~ S7_113C{~ ' ;:,NR~~ lA. +4 ~
~ ~C~. A7 ~ Willian W. Arast n
y CLERK i.~,:.=1~T vGU
~ ?`~~~t M. Arnstron ~
i Auc 5 9 3s AM'~5 ~ '
STATE Of FLORIDA ~ _ `
€ St. Lucie ~ ?~iv
couNn oF
~ Befae me perw~atly sppeared william N. Arnstrong _
ZSC~d WI. Azmstrong h„ wife, to rrk well krwwn and krqwn to m~_to b~
~ the individuals desuibed in and who executed the fore~oirg instrument, and acknpwledped before me that they ~xeMed the aatn~ ~ tht put~s
6 -
~ therein expressed. And the said Zada M. A1mStr02'14 `~j~~~~
wite of tM said Wllll~ W. AYmStIOTIQ ~~g~~ and priva» ;
~ examination by me taken separate and apart from her said husband, ackrawledged to and before ms that she execvted ~ii~i' wrw»qF volun-
~ rorily and w~thwit •ny compuision, constraint, apprehension w feu of or from her said hu}band. 1 ~+L ; 1
WITNESS my hand and official seal this day ef Au9u$t V' ~ fv 7$
E ~ q; ~ • ~ . r
M f
• Notary Pubtic in and fw t~ ~ f id~f Lai~ `
' My Commissan eapires: ~ ;
xq Rewm Ta. ~ • ~ - - :
& fint Federal Saving• a loan Associat~on ~i'~ ~ 06flb~;pA A1 IAR(~
; Of Fort P~erce. ~r ~OMMlS ~Q}1'tJIPIRES )Ul1 ~yn
~ ~O?tDEC THIq! G[NEitI11 ~NSURANCE UNDEpWR~1E!!
fort Pierce, florida
z
~
~
~ .
~ This Instrument Prepared By Donald B. Hughes
~ First Federa) Savings b Loan Association
~ of ~Fort Pierce ~ FZor ida 33450
~h~~ By ~ ~ go~x 242 ~A~E 23~
~ ~1 cy . _ ~ f- -
~ rAT~ ~:c= t' r ~ j Lj ~
6 Z3~t_vlvi£P•iT.^•'vY. " .`~Il i~/'ii
e i-7 ~ CIL'F G~+H'cY"t'iJ:' 'T~`., ~
~ ~r - _ ~=~~~`°~`t=~ ~ 6 2. ~ c~ ~
~ - ' _:~n=- • , d z
~ - _ - - - -
:
~ ~
. ~1 .~~-~~.=~,s.,__~ _ ~ .r .