HomeMy WebLinkAbout0260 J. To pl~a ~nd continuovily ksep on th~ buildinp~ ~ow a Mr~~itK ~i~vat~ on said I~nd and on all eqvip+nent ~nd pawn~liy cowr~d by thb rnort¢
pw with dl p~mi,u~a tl+Nwn pa~d in full, fu~ iniurarx~ in eM uswt sandard policy fo~m, i~ ~ awm ~pprov~d by ~M MORiGAGEE. u?d wind~torm
4awanc~ M th~ vswl ~~u?dud pol~cy tam, in • ~um ~pprov~d by ~M MORiGAGEE, in such campanY o? comP~^at ~s tl+~ MORTGAGEE nNr
dinctt ~nd ~U fin ~nd wind~wrm insv~~~a Po~icirs oe ~ny of said bwld~np~, ~ny in»nst thKNn or parl tlw~of, In th~ pprp+q wm aia~W w
M ucaa therwf, ahaN conain ~M ~w+l standard morrqsyN clws~ a wch aiwr claw~ q tM MorppN nwy nqvtn. m+MinO Hw loa w~d~r ~aid Poll'
cip. ~ad~ and ~wry. payabq w a+id MORTGAGEE ~s its iote~at may ~ppNr. .nd .sch .nd .w+y such policy ahall b~ promp~h as:qn~d and d.livK~d a~
N?y Mld by ~aid MORTGAGEE a~ fwthN s~cv~ity to sa~d mw~pa~ debt, and, na I~u ~han ~M (10) d+ri in +dvanu of tM ~xpMa~a+ oi ~ach poticy, to d~- „
Itw~ ro s~W MORTGAGEE. • re~wal thereoi, top~~hsr wiih ~ receipl fw ~M pnmiwn of such r~xwalj u?d ~Mr~ ihall b~ ~o f'u~ w wfndsiorm Inswaec~ ~ o,
pl~qd on ~ny of said buildinys. any interesl thaein or parl thereof, unku in tM form ~nd with ~M los~ payabh u~fa~said~ and in tM ~vMi ~ny wm ~ rr
of monay b~oorn~s p+yaW~ undN wch policy or polici~s s+~d MORTGAGEE ~hall Mw ~M option to ncslve ~nd ~ppty tM ~ame on ~ccount ol tM tndebt~4 ~''r
n~ss ~cwed hKeby or ro permit aaid MORTGAGORS ~o reoeiw snd u~ h w any part tMrwf iw othsr pwpo~a. wi~hout tM«b~ w~ivi~g w impair-
lnp ~ny p~ity, li~n or righ~ under or by virtw of this mortyape; 1(~ IM OVMt Nid MOR~GAGORS fINII T01 Nfy ~Nf011 f~ll 10 ItNp fIM NiII a~TIfN f0 ~
Insvrod. a fdl to dslivet p.amp~ly any of saW polKies of Inwra~+a ro ssid MORTGACaFE, a fail prompty to paY fully any pr~miwn thtnfor or in any_.
nip~ct i~il to p~.fwm. d~sch~ry~, ~xecute, ~ffect, compl~t~, comply with and abid~ by thts cov~na~t, a~ny put Mrwf, s+id MORTGAGEE may pl~a +nd
paY fa such inwranos oi any part thereof without w+ivinp a affect'up ~ny option, Il~n, puity, ot ryht ~ndK w by virfw of thit Mortpsp~. ~nd th~ C':
tull ~na~nt o1 each and ~very such p~yme~t shall ba immediately d~?e snd p~yabb ~nd ah~ll bea~ intKqt fron? th~ dat~ tMteof untll paid at tM rab ol a~~r
niM pK CMfYm pN ~nrwm snd 1o~e1F~ wilh f~CFf i~taesl shaii be secured by th~ lien of this mortqp~.
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1. To pKmit, caewnil or wffm no wasts, impairmeM a deterioration of said propaty or ~ny put thawf. ~
S. To pay all ~nd sirgular tM cos»,'chuyes ~nd ~xpN?sa, incl~?dinp a naionabb attwnh/s fN and aoses of ~ban~c~s of title. MKUn~d a paid a1
sny time by s+id MORTGAGEE, b~cavs~ o~ io tF» sveM of tM failun on tha part of tM said MORTGAGOR b duly, p~omptly and fully pNforn~, d[xlyr~~ ;
~xecut~, eff~ct, oompkt~, comply w~th and ab~de by each and ~very the stipular~w,s, ayreen?enn, condi~iau. and oovsn+nn of said pron+is~ory nor~ u~d ~Fw i
matyap~ am or ei~he., and s+id costs, cMryei a~d ~xpenssa e+ch ~nd ~very. shatl b~ immedid~ly dw ~nd p~y~bl~: whe~ha w not tMr~ b~ eoric~ ds ~
mand. •:iempi ~o coiieci or wii pe~~i~ry, a?d the full amo~nt of exh and wwy wch p~ymN+~ sMll bear intereat from tM d~t~ tMnof vntil paW tl+~ ~
rate of nin~ per centum pea uuwm; and ~11 said oos~s, chu~es and expeoses intvrred or paid, ropethsr with wth lnqresl. sMtl b~ s~w«d by 1M IiN? of Mi~ '
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6. TMt in the evenf of any bnach of this Malgay~ a default on t!r pan of the MORTG~arve: ~ t!r r+r-++! ~y Qi laid t~n?s of ~Y ~
herein r~ferred to be not promptly snd fully paid within thirty (30) days next aftar tM same s~verslly become dw snd p~yabb, wilhoW d~m~nd or notiu.
w(~ in tM ewnt each snd every th~ stipul~tiora, agreements, conditions and covenants of sa~d promiuwy not~ snd tfas rnatpp~ aey a~ithK aro ~ol
iuly, pranpty and fully pe.fo.m~d. d+schsryed. ~zecuted, aftected, completed. canplied with and ~bided by. tMn in eifl~ w any wch rwm tl» said ~
preyaN wm meManed in said promiuory note then remai~ing unpaid, with interes~ uuued, and all moneys tscured Mttby. aMll baoonq dw and p~y~
ebb fwthwith, a thtreafter, st the option of said MORTGAGEE, as fully ard completsly ~s ii a~l of th~ s~id swns of moeKy wer~ wginally stipulatad
to be paid a+ wch day, anything in aaid promissory note or in this 1Nortgage to Ihs contrsry notwithstandinp; and thsraipon or thereahe~ ~t tM option of
ssid MORTGAGEE, without notice a demand, suit ~t law w in equity, tlxr~(w~ or tF?ereafter be,~wy tn~r b~ prosecut~d as if all ma~eya s~tw~d hereby
had rr?iWred prror ?o its inslitution.
7. That in tM event that at the beginnirx2 of or at ~ey time pending any svit upon thia Mwfgap~, ot M foradoN h, oI b rtfonu It, w b ~nforp
paymer?t of any claims hercundcr, said MORTGAGEE shall app~y to the Cour1 having jurisdiction thereof fw the appoinfmant d i Reoeiwr, Mid~ Cowf shsll
Forthwith appoint a receiver of said mwtpayed p~op4rty dl and su~putat, indudu~ aH and sinyulu the incoms, profits, bsws ~nd revNwr~s ftan whatwer
wurce derived, each and every of whKh, it be~np exp~essly underitood, i} hereby mortyaged as if spetifically wt fath and dewib~d M tM prantinp and
habendum clavses Mreof. ~d wch Receiver shstl have all the b?oad and effective functions and powas in anywae entr~sted by ~ Coun ro a Reoeivar. ~nd
•uch appointment shatt bQ made by such Cowt at an admitNd ~quity and a mitta of absoluh ripht to s~id.MORTGAGEE, ~nd witFaut re~aenu to th~
adeqvacy a inadeqwq of the vafue of the prope~y mwlga9ed o~ to the wtve~cy a insolvency of a~id .NIORTGAGOR or the d~fendanri, and tAat such
renrs, profin, incane, iasves ~nd nverwes shall be appfied by such Recetver aeoordinp ro the lien w eqvit~? of said MORiGAGEE and tM practice of wch
Coirrt. . . . .
8. To duly, promptly and fully perform, dischsrye, emcute, effM, canpl~te, comply with ~nd abide by ~ach and ~very tM stipulations, ayreesnants,
conditions uid covenants in said promiuory note and th;s mortgage xt forlh. ~
9. 7hat in the event the ownenhip of the mwtgsged premises, or any patt thereof, becomes vested in a perton otl~ th~n the MORTGAGOR, ths i
MORIGAGEE, in successors and augns, may, without rarice to the MORTGAOR, deal with such wccessor a successw in inte?est with referenoe to this ~
mor~gsge and the debt hereby secured in the same manner as wi~h Mottg~ga without in sny w~y vitiatinp or dixF?u~inp the Mor~payors' lisbility hsr?
unde. or upon the debt hereby secu.ed. No ssle of fhe premises hereby mortya9~d snd no fubear~nos on ths part of 1h~ MORTGAGEE a in waesson
or suigia and ra extseuion of the time fw the payment of the deb~ hereby secured yiven by the MORYGAGEE o? ib wccessors w assipm, sMll op~rat~
to rekas~, dis~harge, modify chanye or a4fect tM original lybility of tbc 1Y10RTGAGOR hereiry'eitMs in.wlaN a in part. "
10. If a specifkally sgreed ihat tircK is of the essenc~ of this contwct end th~t oo w~fver of ary obtigatioe ~e~a~e+d~ w of tM oblip+tion te- >
cured hereby shall at any time the~eafter be held ro be a wairer of the tcrms hereof or of the instrument sewred herby. ~
11. In addition ro the (orego:ng monthly payments of prinCpal and interest rcq~i~ed by the promiuory note secured hereby, mortyagw oovenants
and sgrers to pay to mortgagee with each monthly payment an add~rionsl sum estimated by mortgagee to be eqval to 1/12 of the annwl cost of the follow-
'^g: :
A-All real property taxes Ir+icd or assessed against the above destribed real estate. !
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B-Premiums on fire and windstorm iniurar.ce as herein requ:red to be carried On the improvemeofs situate on ths sbove dtstribed premises. ~
C-Premiums on such mwtgage gwranty insvrance as mortgagea shaU from time to time deem fit to urry on fhe bsn secursd Aeteby.
Mortgsgee shall from time to time notify mo?tgagor in writirg of ~he amoum due and paysbk herevnder and suth wm shall thereupon be due and
~ payabk on the dve date oi the next mo~thty paymQm and each successive momh thereafter until mwtgsgee shall notify mortgagw of a chanpe in such
amouM. S~xh sums shall be applied by mongagee toward the payment of real property taxes, insurance premiums, and morty~ye yusranfy inwr~noe
premiurt~s. . _ t
N WITNESS WHEREOF, the said MORTGAGOR has hereuroo set his hand and sesl the day and yeu ~nt afwetaid. '
j deli irt the presence of: ~
f/ ;
! • ~ALr~1 A1tL :Etf~~ r ~ i
~ . - ~'~p~{~~~j~~ t. Latura B. Nancock~ a sinyle
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~ . CLF.1t. :.'iiivlil~ ~ ~ ti•~
?~..O~c v._;:FiED__.....~
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~ STATE OF FLORIDA ~ ~ 31
COUNTY OF $t. I.UC3.Q ~ -
B~fws ms penonally appeared Laura B. Hancock, a single adult
M1iAfe, te me welt known and known to m~ to b~
the individwl described in and who executed the fore9arg instrument, and ecknowledged before ms thaS:F~e exewted the ~ fw th~ purpos~s
rherein exprossed. ~Iw~th~+ai~
~+fe ~ 1F~e sal~ rp~n• ~ sq~rMS•awi ~iwt~
e~ce.niewtiow b~ ww ~aicarrn~pa~a~e~sw~ ~»A i~+n fie?s~id ~+esbawds'~d~wvwkd9ed ~o"a++d bders ~ne tlwf~she~ exe~vfed s~id~irelr~+ewl~f+e~al~ ind+wbR
?.r;1y..r~ .vitla.r. ang K~rwprl.iMy. ~owau«~r,.+P??~bcwiio~~. is~r ~fa jwiw iwr ~aid~ h~r~b~+~d~
WITNESS my hsnd ~nd official seal thia '1s' day cf AL14uSt , A. D. 191~
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~ Notary Public in and ~or Sfaf~ of fbrida ~f Larp~
Retwn To: My ~"'^'u'~^ expires: 3~
~ Fint Feder~l Savings 3 losn Association ~~~~i ~
~ Of Fort P~erce. ;~N~ J~U~+~~~;;-..
. s. _
~ Fort Pierte. Flaida ~ , ~'~•a~Y~ • ~;6•~~j~~~:_
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-4.~~ ~~~i~lend w;Y -
:s.;,~,~X _1,3.~~~
This Instrument Prepared By John ~rl. Collins ~ '4' _
r :~:-t ; • ' ~~u;.;,. _
.:_:t• ''"t-, _ . C1?::O - • _ ~
First Federal Savings & loan Association ~ " i~ '
. b~l~ ; .
- of Fort Pierce , Flor ida 33450 .`;~~;;ti ris t.~:~-~•~~
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~ . ..ti, ft~!''... sl •4• ~t~~~~ -
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Checked By ~ - c - • ~
243 P~ ~btl
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