HomeMy WebLinkAbout1197 To plx~ ~~d contin•.ia,zly keep a+ the Duiidir.ys now w haeaiter ~itv+f~ on s~id lar~d and on dl putpm~nt a~d pKSOnally covN~d by 1hi~ maq~ 1
p~, with d) pemiu~u thereon paid in iull, fire insurance in tM us~al ita~dard policy fo~m, in a tum apptoved by tM MORTGAGEE, and wieKb~orT ~
i+~swanc~ in th~ vawl ~und+~d pal:cy (orm, in ~~um approv~d by tM MORTGAGEE, In wch Gompa~Y a~W~?~ ~ tM MORTGAGFE may
dinctj and ~II f'u~ and windstwm in~vr~ncs polic~~s on ~ny of ssid b~?ild~np~, ~ny iN~~Hf tMr~in a parl thNwf, In 1M apqrp~~~ wm ~ta~iai~ a~
In ~xt~sf therpf, sMll ca+tai~ ths ui~al ~~andard mat9apte clws~ w such aF?K clauw ~s tM AAatpaq~ may ~p~ir~. n?~Ylnp IM lou undM a~~d po1E p
c;~s, ~acA and ~vKy, p~yabN w uid MORTGAGEE as ~tt intersst m~y ~ppear, and s~ch ~nd ~ve~y sucl+ policy sF?a~l b~ p?anW~Y +a~~^~d Md d~~"r~r~d
any held by said MORTGAGEE at tunher iecurity to said ma~psye debt, and, no~ Iss~ ~Me t~n (10) d+ys in ulv+~u o( tl» ~xpuatio~ of ~ach policy, to dr -
liwr ro a+id MORTGAGEE • ranewal th~reof, ~o~e~Fwr wirh s rae~p~ tor the premiwn of iuch ree?swal; ~nd ~h~~~ ~h+ll b~ no f~r~ a wind~~am i~+tw+r+t~ .
plac~d on any of said buildinps, ~ny intereit the~ein or part the~eof, unleu in ~he form and with tM loss payab~ ~~(ons+idj a~d in tM ~wnf ~ny wn?
of morNy becana payable u~de~ such poticy or pol~ciei said MORTGAGEE shall Mw ~h~ option to receiw u+d ~pp1y ~M s+me on accouo~ ot tM ied~b~~d-
n~~s secwed haeby a ro permit iaid MORTGAGORS to rsce~w and us~ it w any pu1 thcreof for othe~ pu~poies, wiihout ~ha•b~ waiviny w Nnpair- +
inp any puity, lien w right u~~e~ a by virtw of this mo:spaye; a~d i~ tM ~ve~t ~a~d MORTGAGORS shall fa any r~awn fail to kt~p th~ said pr~mises ~o
ir?su~ed, o? fail ro deliv~r promptly any of said policias of iniurance to ~sid MORTGAGEE, or fail promptly 1o pay fully aey pnmiwn tht~~fa w in any i
r~spect lail to p~rform, dixh~rge, execu~e, eifect, comp~ets, comply wirh ~nd ebid~ by this covenan~. or aoy part herMf, s+id MORTGAGEE may pl~ce ~nd - ~
pay fp s~th i~u~~ant~ w any part 1he~eof without waivinp or +ffsding u~y option, lit~. p~ify. w riphl under a by virfw of this MoH9p~. and tht ;
full amou~t oi each and eve?y tuch payment shall be immediately due +nd payable and sh~ll beu int~rest from th~ dat~ thereof ~ntil paid tl th~ ~+q ol ~
nin~ per tentum pa ~nnu:n and to~ether wi~h such interest shall be secured by ths lien O~ this mwtp~p~.
1. To pamit, commit a suf(a no waste, impairment a deterarat~on of 3~ifJ pfOp!?ty p My p~11 tMIlOf.
5. To p+y all a~d sinpul~ ~h~ costs, charges and expenus, includiny a rcasonabls snan~y's fee a~d wsts of abatr~ets of title, incurt~d w paid a1
~ny time by s~id MORTGAGEE, b~cause w in the tvent of ~M failure on ~he part of ~M t~id INORTGAGOR fo du~y. promWN ~nd hdb PK1onn, disch+rq~
execut~, tifad, complete, compty wnh end ab:de by each and every ~he stiput~~ions, +~reements, condi~ioru, and coven~nb of ~aid p?omiuw~ nofe and thiu
mw/pspe any w ti~her, and uid coats, charyet and eapense~, cach and every, ~MII b~ immsdiately dw snd payabltt a~~ there b~ nWiu dr
mand, ~tfempt to colkct o~ wit pend~ng; ~nd ~he (ull amount of each and every iuch payment shall bear interes~ irom ~M date thsreof until paid at the
rate of ~ine per cenf~m pet a~num; and all said costs, tharges and expe~ses irKwred or paid, toyether with s~th iMtresf, sMll b~ aKUted by tM UM of thq t,
mort~ay~. t
6. That (a) in the event of any breach of tAis Mortgage or defaul~ on the part of the MORTGAGOR, w(b) 1n 1he ~vent ~nY of said swm of maKy
herein referred to be not promptly and tully paid within ehirty (301 days next aftar the same severally beconx due and p+yabk, wilho~t d~maed o~ notitt, ;
or (c) in tM ewnt e~ch and eve~y ~he stipul+t~a+s, a9reemcnn, cond~~ions a.~d coven~nts of sa~d promiuwy note u~d fhis matpp~ +ny or ~ithK ar~ no1
ivly, promptly ~nd fully pe~tormed, d~scMrged. execu~ed, effccted, completed, complied with and ~bided by. tMn i~ ather or an~ such went th~ uid
gregat~ wm mentaned in said p~omiasory nots then remaining unpaid, with intersst atuued, and all moneys setured her~by, shall becorn~ dw and p~y~
eble fwtAwifh, w thereal~er, at Ihe oprion of said MORTGAGEE, as fully ard compfetely as i1 •11 of fhe said wmi of rtaeky were aipinally stipulafed
to be paid on such day, anything in sa~d p?omissory note or in this Mwtgage to the con?rary no~withstandin~; ~nd therwpo~ or ther~aher at tM option of
said MORT6AGEE, without ootice o~ demand, suit at law w in eqvity, theretwe or thereaftcr bepun, may be prosecuted as if all rtqntyf s~cur~d htrtby
had matvred prior to ~n institution. -
7. Thst in ths event ~hat at the beginning of or a1 any tim~ pa+ding any suit vpon ~his Mwtgage, a to fweclos~ h, or to roform tt, a to enfaa
payment of any claims hereunder, said MORTGAGEE shsil appty to the Court h+virg jwisdiction thereof tor the appoi~tma?t of a Receivet, such Co~N sMll
forthwirA appoiM a receiver of said morrgaged prope.ty a1t a~d singuler, includ~ng sll and singula~ tM irxome, profiu, usws and revenues from whateve~
wurce deriYed, each and evcry of which, it being expreuly urxltrs~ood, is lxrcby matgsped q if specifiully s~t fath a~d dewibed in tM ~?~ntinp and
habendvm clauscs hereof, and svch Receiver shall have all ihe broad arsd effective funct~ons ~nd powen in anywise entrusted by ~ Court to ~ Receiva, ~nd
such appoiMment sAatl be made by such Covrt as sn admitted equity and a matter of absolute right to said 1NbRTGAGEE, and without re~ererxe to th~
adequscy a inadequacy of the vstue of the pro~ty mortgaged or to the solvency a insolvency of seid MORTGAGOR a tM defendanq, snd thal auch
rents, profits, income, issues and revenues sha~l be applied by such Reteiver according Io the (ien a pviry of said MORTGAGEE and the prKtite of such
CouA.
8. To duly, p~omptly and futly pe~fo?m, discharge, execute, eifed, complete, comply with end abids by each ~nd wery tM sYqwktions, apraemet?ts,
conditant and cove~wnn in se~d promissory not~ and ~h~s mortgsge se~ forth.
9. That in the event the owneish~p of tl~e mo?tg~ged pr~mifes, o~ sny part thereof, becomes vssted in a penon otMr tlun the MORtGAGOR, tIN ~
MORTGAGEE, its succeuws and assgns, may, wirhout ~aice ta the MORiGAOR, deal with such succeuw w auccessor in interest witF~ ?eference ro thu ~
.a ~ a'' i a.' ' s _ ~ " ° '..:.L :a~'' --'r.__. a '~S .l:.Ml.~, *!w !l~e,..,w~• l.s3.il:f.+ F
~7wiiyiye ii~ fuE vcut ~oiEu~ i~tiv.E.. .i.2 ss.T~2 ..o....c. ea e.. .•ydy... e... . . ~ ...y ~.'.r y~a ' i
~nder o~ upon the debf he~eby secured. ~ No sale of the premises hereby mortgaged and no fabeara~ce on tht part of the MORiGAGEE w its :uccesson
w auigos and no exrenston of rhe time for the paymerw of the debt hereby SKUfld 9ivM by ~M MURTGAGEE os its watswrs or qsipn~, ~MII op~rat~
~o release, d~xharge, modify change w affect the orig~nat liability of the MORiGAGOR herein, either in whole o? (n parf.
10. It is spec~fically agreed ths~ time is of the essence of this contratl and thst no waiver of any obliyation hereunder w of 1M obliyaYan N-
turod hsreby shall at any time thereaher be held lo be a waiver of the terms hertof or of the instrvment slt~red herby.
11. In add~tio~ to the forego'ng monthly payments of p~inc'pal and interest required by ?he promissory note secured hereby, morigsgor covtnanfs
and ~yrees to pay to mortgaga with each monthly payment an addirional sum est~msted by mortyagse to be equal to 1/12 of the annw~ tost of tFrc follow-
iny: , ~ .
A-All real property taaes lev~ed or assessed agai~st the above described real estate, ,
8-Premiums on fire and windsrorm insurance a: herein requ~red to be carried on the improvemenes situate on the above described ptemises.
C-Premiums on such mwtgage guaranty insura~ce as mwtgsgee shall from time to time deem fit to urry on the (oso fetured hereby.
Matgagee shall (rom time ro time not~fy mortgagor in writing of the amovnt due~and payabk here~x~der and such sum shall the~e~pon be dus ~~d
i payabla on the due date of the next montMy payment and each svccessive month thereafter ur.til mortysgee shall ratify mwtgagor of a th~~gs in svch
amount. Such sums sF.ali be applied by mortgagee toward the payment of real property taxes, iruurance prem;ums, snd mortyaye gwranfy inwrant~
premiums.- .
i IN WITNESS WHEREOf, the sa~d MORTGAGOR has hereunto set his hand ~~d seal the day and year firat aforesaid_
~ Sipned, Seakd and delivered in the presence oi: ~-.1
~ fILEO ANO REC~ROED , • n
~ ET. LUCi~ ~'OUN1Y FU.
• FiGGF? a0!TRIS n
CLENK C:~.~tl~" COURT ~ adult
RFPt~F.:, VEp'=tE~J.~..~.~
ts.n
STATE OF FLORIDA ~ ~ Y 30 316142
C~~ ~ $t • I.11C1E~ ~
e~fae ~ perwnally pppeared De~1~118 B. McCaulley, a single adult
I~i~.viils, to m~ vwll known ~nd known ro me M b~
the individwl described in and who executed the fwe9oirg instrument, and acknowledged befots me that he ~xetuted ths ssme fw ths purposq ,
therein eapreased. /ini ~1~e~sw~
v~ii~ ~ 1iw ~sid¦
eraninatio~ i~ a iak~a.ra(»~b ~acl..apari fra~ ~s saib ir+a!»od.~ xJ~ao~rLdg~d ~o~~ b~oi~ ~~?at.a~~c~t~ said.ia~tp+~W ~tN1Y. ~rd ~roIW~.
ta~ilr+w~~ ~rkl+oel~T earipdsbwMntwsAA,~ppr~e~w+enl p~ tewroi ~ 4raw~F~e~ wid~#wsbw~.
VYITNESS my Mnd and officu! seal this -~1L~ day of Se nt~sbez , q. D. 19_Z~
~
Noary Public in a~d f State of F{orida at lu~
~ o STAT~ ~o~ . MY ~~miuion expir . ~ 7 `
D4CUMENTAR1r rE-`~'p~~~ ~
DEPT. QF
6 REV~nuE 1S TA M. P T n X ~
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- SEY •s•~ 1~ ~ ' .'r.. .
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This Instrument Prepared By Robert A. Swisher JY. - . ,
First Federal Savings & Loan Association . ~ L ~ _ . ~
of Fort Pierce , Rlorida 33450 k` v
, .
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: ~•.•`r"'
Checked By~- ~ ~
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