HomeMy WebLinkAbout1531 To plac~ a~d conti~uou~ly k~ap on tM p~i~dinpt rww w Mr~~ftN utu~q a+ said land ~nd on ~11 p~Ipment ~nd p~no~~ilr covend by ~his matp~ 1i
p~, wi~h ~I) p~~miums IMreon pa~d ie full, fire insur~nca in ths ~~:vt sundard policy forny fn a~um ~pprov~d bp tl» MORTGAGEE. and wi~~orin {
kawanc~ In tM wwl sundard pol~cy fam, i~ • wm apprw~d by rM MORTG/1GEE. in wcA company a a th~ MORTGAGEE ~y ?
dk~ctt ~nd ~Q fk~ and wi~dstum Im~r~i+n poGci~i on ~ny ot said b~iWinp~, ~ny inkra~ ~AerNo w p~rt tMr . M rM pq.p~a wm ~foraatd a
In ucpss tMnof. shall conain ~h~ ~swl sqnd~rd mor~p+p~e claw~ w wd+ aha clw~. u ~M Mo.~p.~.. may rpvW~, m~klnp /M loa vndN wid po11~ ~
cia, Nch and wvy. payabl~ ro iaid MORTGAGEf •s in ie~~~retr may .pp~a~. ~nd e~ch •nd ~cary such policp ahall b~ prpnplly aas:~n~d and d~1iw~~d ~o ,
~ny Mld by said MORTGAGEE as (v~~her sKv~ity ro iaid mw~ya9~ debt, ~nd, nW I~u ~hae ten (101 day~ ie adv~nn of ~M ~apir~tion of ~ach policy, to dr
liva ro t~id MORTGAGEE ~ rentwal thereof, top~rM~ with ~ rece~pr for tFN prNnium ot pxh rsntwal~ and tMn ~11 b~ no fK~ or windirorm inwraoc~
pl~c~d on a~y o1 iaid bultding~. ~ny in~erest thersi~ a pu1 thKeof, unleu In th~ fam and with tM loss payabl~ as •fonsaid~ u~d in th~ ~v~nt anr ~um .
of morwy bscoma payaWs w+da wch policy ar palKtas Nid MORTGAGEE shall haw ~M option ro r~ceiv~ a+d ~pply tM sam~ on acc,oun~ of tM ird~bad~ !
nsa s~t~rtd hK~by o? w permit uid MORTGAGORS to ?eaiw ~nd uN N p~ny par~ tMr~of fw oths~ pwposes, wi~hout tl+K~b/ waivinp a impiir
lnp any puity, li~n w riqhl w~der a by vinw of this mortpap~; aod io ~M ovsa~ said MORTGAGORS sh+ll fa any nason fNt to kNp tM s+id pnenis~s w~~
Infur~d. w fafl b dtliw~ {xomptly any of s+id polKies o( intu~ar~ to said MORTGAGEE, w f~il ptomptly to pay fvlly any pr~mium thertfa w in any
r~ip~ct t+il b pKform, dischary~, ~xecwe, effoct, complete, comply wirh and ~bkb by thit cov~~+ant, or ~ny part henof. a~id lNORTGAGEE m~y plau ~nd
paY fa s~ch i~swanc~ a u?y part tF?sreof wi~hout waivi~g or ~ftcainp any option, II~n, p~ity, a ~ipht under a by virtw of ~hls Mat9ap~. and the .
full an?wnt of e~ch ~nd ~v~ry such paymeM chall b~ inrnediately dw and p+yabb and ~hall be+r int~rql irom th~ dat~ th~r~of until paW at th~ r~b o)
nirK per centom p~r ~nnum and topether with such interest shall be secv~ed by 1M li~n of ihia mortyap~.
1. To p~rmit, oommit or wff~r ao wasts. lmpa~~men~ o. dere.ar•~an of said property a.ny p.rf ~hs..of.
S. To p~y ~tl ~nd sinp~l~r the costs, eMryea a~d e:p~n~e~, includinp a reawnabl~ atformy's fN ~e+d oosf~ af ~bah~el~ of tNl~. incun~d w p~id tl
+ny tim~ by said MORTGAGEE, because or in tM ~vent of tM failure on th~ psrt of tM sak! MORTGAGOR b duly. w«~v+h ~ w~h v~«~. ~++roR
execvt~, ~ffsd, compleee, comply w~th a+xl eb;d~ by ~ach and every ~M stipulations, ayreementa, conditiont, and oov~r~ann of sad pomis.ory na~ and rhb
morty~ps any or ei~her. snd ia~d cmts, chuqa and expenxs, each ~nd every, shall b~ immediatelp dw and p+y~Wet wM~her or nof tM~~ b~ notip dr
m~nd, ~nempt ro collact or wit psr?dinpj a~d tM futl amount of McA and sve?y iuch p~yment ii+alt be~r inte~~st from tM dat~ tFweof until p~id ~t tl+~
raro of nin~ pe~ centum per ~nm?m: and a11 said cos», chuges and expenses incurr~d w paid. ~op~ther with wd~ inta~at. ~hall b~ s~cvr~d by tM li~n of tl~h
6. 1'h~t in tM ~venf of any breach of this Mortpa~e w default o~ the part of the MORTCaAGOR, a(b) in th~ ewnf aey of ~ak! swer of maNy
herein r~ferred to be not prompdy snd fully paid within thirty (30) d~ys nex~ afta ~he same sevaatly becane dw ~nd payable, without dem~nd a notka,
w W in th~ ever?t each and tvery ths itipulatio~s, agrsements. co~ditions and covensnb of sa~d promissory not~ uid th~s maty~yt a~y or ~ithK ~r~ ra1
ivh, promptly Md fully pe.form~d. d+xMrged. ~xecuted, eif~ceed, completed. complied with and ~bided `~y. thsn in athN or ~Mr ~uch wenf tM ssid a~
pre9at~ wm ment'aned in said p~omissory nore then ~emalnirg unpaid, with intsreat uaued, and all moneys s~cvred hertby. aMtl beown~ dw and ,p~y~
abk fathwith, a there~fter, at the optio~ gf said MORTGAGEE, u fully ~nd compktely ~s if all of ~he said wms of monay wert oripin~lly stipulated
to be paid on such day. a~ything in said prd~ys:wY note a in this Mo.tyage ro ths connary notwithst~ndiny: ~nd there~pon or therraher ~t th~ optio~ of
•aid MORTGAGEE, w~thout not~ce w demand, lvit a~ I~w w in equity~ fF1lfl~Off Of ~F1lfN~1H b~yun, may be prosecuted u if ~Il mw~eys Hcwed hsr~by
had matured prwr to its ins~itution. ,
7. That in the event that st the beginning of a ~t a~y time pending any wit upon this MwtyaDe, or to faeCloH it, or 1o roform tt, a to enfotq
payment ot any claims hcreund~r, ~aid MORTGAGEE shall apply lo the Court hsving iurisdictloe thereo~ fw the sppointm~nt of a Receiver, avch Court shall
fwthwith appoiro a receiver of said mwtyaged property all ~nd sinputar, ir+clud~rg all ~nd t&gulA 1M. tncort~, profita, bsues and rwenues from what~vN
sowce da~ved, each and every ot whKh, it beinp expressty under:tqai, is he~eby mqrtgaped p if ipecifically wt forth and dewibad M ~h~ Qwntinp and
habendum clevses hereof. and wch R~ceive~ shall hsve sll ~he brwd and effea~w tu~+a~ons •~d powea M? anyw~H em.vs?ed by • ta,n ro a ReuHa. +nd
wch ~ppointment shall be mad~ by avch Cow1 es ~n admitted_eqciity and ~ m~1tM of abtotule rght to Hid MORiGA('aEE, and withoW rtfaaw~ to th~
adequscy or inadequacy of the valvs of the property mortgaged w to the wlvency w insolv~ncy of said MORTGAGOR or the defendaMS, and that sucA
ren~s, p?ofits, income, iuues aod reverwes shall be applied by such Recciver aawdcny ro the lien or equity of s~id MORTGAGEE and fhe pr~ctia of s~ch
COUA. . .
8. To duty, promptly and fully perform, diuharge, execute, effect, complete, comply with u+d abide by e~d~ and ~y itN stipvlatio%, ~pr~nta,
conditions ud coven~nts in w~d promissory note and this mortgage cet forlh. .
9. ihat in she avem rhe ow~enh~p of ~he mor~9aged p.e~.~~us. a•ny pan Thereof, becomes vesad in a p~rson otMr tlwn tl+~ MOR'iQA~GOR. iM
MORTGAGEE, it~ sucecuws snd sui9m, may, without notice to the MORTGAOR, dcal with such waessoc or -suocassOr tn inta~Nt with nfer~nu to fhis '
mort~aye ~~d ths deb~ Ixreby secured ie the aame man~er as with Mortgsgor witlaut in any way vitiatNg a discMryirg-ths Morty~gori' liability I+~rr
under or upon ihe debt hcreby secwed. No sate of the prem~xs hereby mor~gayed ~nd .^.o forbeannce on the part o( tM MORTGAGEE or hs t~aesson t
w ~uigro and no extensioe~ of the time fw the payment of the deb~ hereby ucu~ed give:s by Ihe MORTGAGEE or its s~rcc~swn ot aagns, ahall opaaM
ro rekw, dscharge. modi(y ch~nge w affect the original liability of the MORTGAGOR herein, either in whole a In part.
10. It is specificaUy agreed thst ~ime is of the essence of thi~ co~traa and that no waiver of any obltgation hereunder w of tM oblip~tion se-
cured hereby shilt at any tune thereafter be held to be s waiver of the terms hereof or of the inttrurt~ent secured herby.
11. In addition to the iwego;ng mo~rhly p~yments of prir.:'pal and interest required by the p~omissory rqfe secured heraby, mwtgsga eo~ro~anis
and agreea to pay to mohgagee with each monthly payment an add~rionsl sum est~maied by moitgagee to be equal to 1/12 of the annual cost of the fdlow-
ing:
A-All resl property taxes lev~ed or assessed agai~st thc above described real estate. ~
B-Premivms on fKa and wi~dstam insuranco as Fxrein requ~red to be urried on the improvemenb situate on the above dacribed pramiseL
C-Premiums' on sucA mortgage gusranty infurar~ce as mortgagee shsll from t~me to time deem fit fo carry oa fhe Iwn Newed fientby.
, Mortgagee shatl f~om time to time notify mortgagor in writing of the amount due and psyable herevnd~r and such sum sh~ll therar,wn.be due and
~ payable on the due date oi the next monthly paymem and each wccessive month thereafter untit mortyspee ~i~aU notify mortQsgo? of a thanpe in s~clt
amount. Such sums shaU be applied by mwtgagee toward the payment of real property t~zes, inwrance prem:ums, snd mortga~e yuaruNy insurance
prerniums. '
IN WITNE55 WHEREOF, the said MORTGAGOR has hereunto set his hand and sesl the day ~nd ust s essid,
Siyned, Seskd and delivered i~ the prescnce of: ,
f1~E0 A~1D kECORDE~ • : ~ - ~
~ =T. LUCtE :.oUKTY F~. n ear s
i FOG=n P~1'•7R~S
. CIfRK ::FhyU1T C00RT ~
f RECOR~ +'E:.;FlED a ea s
~
j STATE OF FLORIDA ~ ~ I~ Z~ PM'~J
! ~oU~ ~ _ St. ~~~e ~ 316~'70
~ .a
~ Before me penonally appeued i3urtAn S_~rlee ` ~
Anna Searlea his wHe, ro m. welt known and known to m~ to b~
~ the individwls desuibed in and who executed the fotepoiny instrument, and acknowl
edped bsfwe me thst tMy ~xecuted tht sam~ fw th~ purpos~s
rr~e.ein exp.esxd. a,a n+..,~ Anns Searles
~ wife of tM ~,~d ~ Burton Searles ~ , ~
` e:aminsYan by me tsken separate and apart from her wid husband, sckrwwledyed to and before m~ th~t stw execvted said iostnwnent
tarily and without any compulsion, constraint, apprehens~onl_or fear of or from her said husb~nd, fr~
~ WITNESS my hand end ofP~cial seel this l~~~ ~y of A. 0. 19 Z~
~
$ - Noury ublic in att of Fbrid~ ~t Lry~
My Commiuion e es:
Retw~ To:
~ • twfary Pub1'u, Stofe oF Fb-ido at la?ga
t Fint Feder~l Savings d. tosn Associat~on ~ ~yy C~,;;,;.q;~ E::g=res Jc3~ 2Z. 1477
Of Fort P~erce. yr ~ 4~~ry ~
i Fwt Pierce, Ffwida
g .*j,aS~~',~(,• ~ ~
~ This Inst~ument Prepared By Gazy R. Bllwood .:.~t;:.~!'; i+•
s First Federal Savings & Loan Association f < ~ " , _ : ~ t
of Fort Pierce. Florida `-•'h~`~, y~~ ;f' = f~`..
~ pg .
- ~ '
243 P~E3.53~ t ,
~ Checked 800K ^ •
~ ~f •
~ ' ~ " . e~•~-r'
i~~ y Y • _
~ ' : ' . ,r : ~~~I/t~1111i11~~~~~'•
$ 1
_ ~ ~ S tl
~ ` ?.'^:a!'~~~,s~•~-~~ _ _ _
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