HomeMy WebLinkAbout2089 To plu~ and continuoualy kcep on the bui'd~nqf now or hereat~e? ?ituate on i~id land snd w+ alt cquipmenl +nd penon~lly covercd by thi~ mat~
egs, wilh ~II p~~miumt thsreon peid in full. fir~ insvronca in ths uswi ~~andard poticy iam. in a tum approv~d by fh~ MORiGAGEi, and windttwm
~~surant~ in tM ~sual i~andard policy (am, In • sum approv~d by tM MORTGAGEE, in ~vtA company w tompaniq u tM MORTGAGEE may i
d~rec~; and all fir~ snd wind~torm inivranc~ policies on any oi said build,nps, ~ny 1(IfN~11 IFIOffllf Of Pilt IIflfWl, in tM apprs9aq ium ala~ta3d o? ~ ~
in exct~~ tAereof, shall conain ~hs usual ~iandud mortga9N clau~~ a such o~ha cl~uss as tM Mort9ag~s m~y ~pua~. makinp tM lou undN ~ad poiF ~
c~es, each and eve.y, payable to uid A10RiGAGEE as rts iro~rest may ~ppear, and ea:h and e~ery ~uch po~icy ~hall b~ promptly +is qn~d and delivered ro !
any heW by ia~d MORTGAGEE ~s (unher setu~ity lo ssid mor~yage debt, and, nor less tMn r~n (10) dan in adv~nc~ of ti» ~+cpiretron of ~ath policy, to da , ~
i~Yer to tsid MORTGAGEE a renewal the~eof, toqetha with • reteipt ia lhe p~amium ot s~ch re~wwal; and ther~ sh~8 b~ np fin a windstam insu~~nc~
pleced on ~ny of sa~d build~ng~, ~ny ime~at ther~~r? or part ~hereof, un:eu in ~he form and with th~ loss payable as afwesakl; aod in ~M ~vent any ~um i
of mon~y becc,nq peyabte unds~ auch potiq a policies wid MORTGAGEE sFull Mve ths option to r~ceiw and ~pply tM ~me oe~ ~ccoum of ~hs i~debted~
r,ess secured hereby w to pe?mi1 said MORTGAGORS lo rKeive a~ us~ il or any pan the:eof fw othe~ purposes, v~~thout tha+eu{ waiving or ~mpai~- i
~~~g any puity, tien o~ righ~ unda a by virtus of thii mor!page; u+d i~ the ~vent iaid MpRTGAGORS ~hall iw a~y ~OafW~ iail TO keep Ihs Nid premiset s0 ~
insurrd, w fail to deliva promptly ~ny of ssid policies of tn~urance to said MORTGAGEE, w fail promptly to pay fully sny p?~mium therefa or in any ••s
rrspect fail to pe~fwm, d;scharge, a:ecuts, eftecf, complers, comply with and abide by this cove~anf, w any psrt ht~ao(, said MORTGACsEE may pl~ce and
pay fw tuch Insuranc~ w a~y part tfiereof without waiving w aifectiny any option, iien, eqvity, w right unde~ or by virtw of this Marga~~, ~nd tM '
fu!1 amounl of e~ch aod every suth paymeM ihall be immcdiately dw ~nd payable •nd sha11 bear interesl irom tFa datt thereof v~til paid at th~ ~at~ 01
~~~~~e prr centum pet annum snd together ~n•ith such ime~est shall be sctured 6y ~he litn of this matpage.
To parmit, commit o? iufie~ ~o waste, irtipairnunt w deterioi~tion of seid properfy or any part thereof.
S. To pay ali a~d singular the cosrs, charges and expenses, including a reasonsble anuney's fe~ and costs of abstr~cn of titl~, incwrod w p~id at
any ~im.e by said MORTGAGEE, because w in ~he evenl oF ~?~e fa~Iure on the pa~t of tM ssid MORIGAGOR b dvly, promotly a~+d fully perform, d~xMr9~.
execute, e(tec1, complete, tomply w~th and ab:dr by each and eve~y tF+e sii~wlat~ons, agreements, conditions, ~nd eovenann of said promissory note and thit
~~.orrgage a~y w eithcr, and said costs, cha?ges and expenxs, eech and eve~y, shail be immedialety dw ~~d p~yabls; whethe~ p not there bs r+otEU ds
mand, a~tempt to colkct or suit peoding; a~u! ~M full artaunt of each and eve~y svch paymero shall bea. inureif from 1A~ dat~ th~rwf until paid st tht
o% nine pe~ cenwm ~r a~~~um; a:u! all said costs, charges and exprnsea incurred or paid, together w~th such int~rsst, sMU b~ sew~ed bp the lisn oi th~
inortge~e.
6. That (a) in the eve~t of any breach of this Mortgage o~ default on fhe part of the MORTGAGOR, or (b) i~ the evenf ~ny oi said tums of mone~
herein rsfer~ed to be not prort~ptly and fully paid wi~hin ~hi.ry (301 days next aieer the same sevnaUy become due ~~d pay~bie. wi~hout demand w not~ce,
:r ;c) in the evem each and every the s~ipulations, agreements, conditions and covenants of sa;d promiuwy note snd th~s mort~pt ~ny or tiihe? ~re ewl
i~!y, promptly and fully perfo~med, d~xharged, executed, effected, compteted, compf;ed wi~h and ab~ded Sy, thsn in tilher p any such went the taid aQ~
~reqate sum mentioned in said promisswy note then remaining unpaid, with interest accrued, ar+d a1! mooeys setured her~by, shalt becomt dw and p~y~
ab,e torthwith, or thereatrer, at the opt~on of sa;d M~RTGAGfE, as fuity and complrtely as if afl of the said w:ns of mooey were o~pin~lty sGputated t
~o be paid pn svch day, anything in sa:d pran~ssory nore or in this Mwtgage ~o the conrra?y notwithstandinp; ~nd thereupon a the~eattK ~t rhe ;~tioo of i
s,.d MORTGAGEE, wirhout notece o~ ciemand, suit at law w in eqvdy, therefore a thereafter txgun, may be prof~cvt~d ~s if all moneys secured hereby
r, :J matured pnor to us instituteon. ~
7. That in the evea~t that at the inn~ of a at an tim ndi po gage, p tp forsdps~ if, w to rcfotm if, w fo enfwq i
beg ng y pe rtg any suit u n this Mo~t
F3rment oi any claims hereunde~, said MORTGA6EE shal! apply ro the Ceurf havi~.g ~unsd:cuon the~eof ior the ~ppointmenf of a Receive?, wch CouA sh~ll ~
!_~~hwith appo~nt a recciver of said m.orfgagcd property a!1 and singutar, incl~d~ng ~a~ and s~ngutar the income, profib, ~s~ei ~nd t~veiWSS ftOm whatever T
s;~~-cr derived, each snd every of whrch, it being expreas~y undersrood, ii hereby n:o~tyeged as if spec;fically set fonh ~nd desvibed in the ytMting snd '
h:bendum ciauses hereof, and such Receiver aha11 have all the b.oad and effective func~.ons and '
poweri in anyw~i cmrusted by v Cour( to a Re.~eivK, and 1
s,:h appointmene shall be made by such Cour1 as an admiited equity and a matte? of abso+ute right to said M~GAGEE, and witFlo~f ref~ence ro the s
~dequacy or inadeqvacy of the value of the properry mertga~ed or ~o fhe so:.ancy or ~nsotYency of said MORT GOR p tM deiendants,_ ~nd tha~ such
r•,~n, profits, income, i:sues and revenues shall be app6ed by such Receiver ac:o~d~ng ~o the lien or equity of said MORiGAGEE and the practic~ of wch
Covf1. , f
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8. To duly, prort+ptty and futly perform, d~xharge, exec~te, e;fect, complete, cornply with and abide by tach and every the stipulationa, sy~~qnents,
:o~~dirons and covenants. tn said p?omissory note and th~s mortga~e set forth.
9. That ir+ the event rhe ownersh;p of ths mortga~ed ptemis=s, o. a~y par) thercof, becomes vested in a person othe? than the MORiGAGpR, the
~RTGAGEE, i+s successors and ass~gns, may, withaut no~~ce to thr ~NORTGr~OR, deal with such succeuw or sutcessw in interest wifh reference to thia
c•tgage 3~d the deb~ he.eby secured i~ the same n.anner as wi:h JAo~tgagor without in a~y way vitiatiny p dixharginy the Mortyagots' li~bilify here- ~
or upon the debt here6y secured. No sa}e cf the prem~s~s herzny ~nortgaged ar.d no forbearance on the part oi the JNORTGAGEE a its sutcesson
:.r as>ic~ns and no exrens+on of the eime fo~ the paymeni of the debt hereby sccured given by the MORTGAGEE or its suCtessWS Ot aSSignf, shal) Opaate
!c re!case, diuha:ge, modify change or affect the origmal Iiab~Gty of ~he N10RTGAGOR herein, either in whok or in put.
10. (t is speuf~catly ag•eed that t3me is of the cssence ef this contract and thst no waiver of any ob!'~garan hereunder w of ihs obl'~yation so- i
:~-cd hrreby :hali at any time thcvca{ter be h~ld to bc a wa~ver of Ihe terms he:eol or of the imtr~meM iecured herby. ~
1 l. In add~tian to the fo~eyo~ng month~y paym~nfs of princ pai and interest required by the promissoay nolt secwed hereby, mortgagor covenants !
~^d og~ees to pay to m.atgagee w~th each monthty payr,,ent an add::ional sum estimated by mortyagee to be equal to 1~12 of fhe an.~ual tost of the folbw- '
;3.
A-AU rea~ property taxas lev~ed or assessed agai•:st ~he above descr~~~d real estate.
B-Prem~v~ns on fi.e and windsto:.n insurar.ce as he:e'rn requ;red to be carned o~ the improvements situate on the above dtsaibtd premises.
C-Premtums on such mortg~ge quarar:ty ir.surar,ce as mcngagce sF~ail from rtme to ti~ne deem fit fo caory on the loan secured hereby.
Mortgagee ah;il from time ro t~me norily mortgagor in •~.riting of ihe amounf due and payable hereu~der and such wm sha11 thereupoo be dve and
~•+b!e on the due dare of the next monthly payment and each successive rr•amh thereafter urtil mortgagee shall notify mortgagor of s change in such
.;,ne. $~h sums sF.a'1 be applied by mongager toward the payment of real proFerty taxes, insurance prem:ums, snd mortgage guaranfy insuasnce
, _ .~~V~nS.
IN ~VITNESS :VHEREOF, the sa+d MORiGAGOR has hereunto set his ha~d and sea) the day and year first sforesaid.
Signed, S~ated and de~ivered in the presence of:~
u` ~
f iii~ L' I~~r~.
` / . a~
~ t~~~•~~~~~ FW
~~C£t, f~~f~A.s a~ ~
' . ~ Fl C[.t.r.~1?T COU~= ~
rs.~
~ - - ~ RfG~Rt~ ti`P'FtEO rc~.p €
~ . ~ ,15 ,
j S~tii: OF FLORIDA ~ ~t1 ~ ~ ~N
~ ~ :.~titY OF St. Lu~le , 316'~35 ~
~ Before me pe.sortally appeared t{ H. Reese ~
~ I rene Ii. Reese
{ - his wife, to me well known ~nd known to me to b~
~ ,~e individua{s deuribed in and who executed the foregang instrument, ~nd acknowledged before me that they exetufed fhe same for tlx purposes
E ~~•_-•e~n eap?essed. a~d fhe saia lrene H. Reese
' r.,~e of the sa~d - H. H. Reese vpon a sep~rate snd privat~
t :••-h~r.arion by me taken separate and apart from her said hvsband, ecknowledged to and befwe me that she executed wid instrumeM f~eely and volurr
~ ~Iy and w~thout sny compulsion, constraint, apprehens~on, or fear of or fram he~ said husb~nd.
` tiY17NE55 my hand and offic;al seal this__ ~th day of S t~ber A. D. 19 75
i
~
t
~ otsry Public in ar+d for the State of Fbrida ~t Lar~s
My Commission expiresq~~' I ~~J ~
Return To: ~
= rst Federal Savings 3 loan Associatlon ~
Of Fo~t P:erce.
fort Pierce. Florida V y-t'r~~,,'
3 e~~
€ . IV~~~...~.,~ ~•'~~j~.
q • ~ l .
i This Instrument Prepared By J. Hal Roberts, Jr. -'.•b'~ -
; First Federal Savings 8~ Loan Association - : ; ; :y~ _ ~ ;
~ of Fort Pierce, Florida 33450 ~ R r-
Checked By 6ooK 2 4 3 PACE 2 0 8
9 =;~~f;~~: o~?..-...r~
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~ •~'~y ~,'1'=c~,`~~•
~ ~"~IIIIt1t1N~~~~~
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