HomeMy WebLinkAbout2160 TO plKf ~lld confinuouity k~ep on tM buitdi~i now a hcr~af~at silw?~ on ~~id I~nJ ~~d on al( equipnent and p~rsonally covtted by 1hi1 mwty-
~q~, w~th ~11 p~emiums thsroo~ pa~d in tull, fir~ insurance in the u~uel itud+rd poiicy fo~m, in ~ sum •pproved by the MORiGAGEE, and windstam
inw~~nc~ in tM uwal i~anda?d poticy lam, in a sum ap{xov~d by ~M MORiGAGEE, in wch tompany o~ tompaniN a ~M MORTGAGEE may
dir~c~t ~nd all Iy~ ~nd windstorm irowanc~ policie~ on ~ny o( ~aid bviW~npi. ~ny inte~~st ther~in or part Iherwi, In tM ~preyat~ tum afornaid oI , ;
in ~ac~u ~henof. ~hap conuin tM u~wl uu~dard mor~yagee cl~~a~ a such othsr tl~us~ a Ilw Mort9pN may ~pu~~~. ma?inp ~M Iws under s~~d polf~ j
c+es, exh and every, payabt~ ro iaid MORTGAGEE as ~rs in~e~rst may appo+?, and each and tve~y tuch poiicy shall b~ p~omplly +~s pned ~nd delivered to
•ny hsld by siid MORTGAGEE at fw~Aer iecwi~y ~o sa~d ~~ortpap~ deb~, and, ~wt !eu than t~r? (10) dap in advanc~ o( the expi~~tion ot OKA pOlity, to d~ ~
1~ver to ~eid NORTGAGEE • renewal tharwf, top~ther wi?h a recapl fa ~he pranium o1 auch ~enew~l; ~nd Ihert sMll b~ ~o fir~ or wlnditorm inturant~
plsc~d on any of iaid Iwildinps. ~ny i~te~~ thKein or part thercof, ~.,r.!ess in H+e form ar~d w~th ~FK lou p~yabl~ as •fw~said; and in tM ~vent ~ny sum
of moMy becomss psrabl~ ur~dN wch policy w policias a+id 1NORTGAGEE sAall Mw tM opt~on to rective and ~pply ~M s~mt on ~uovro of tM indebted-
nes• Kcured hertrby o~ w pe~mil said MQRTGAGORS ro recaive u~d use it M any parl the~eol fw other pu~poset, ~vi~hovt IhereLl waiving o~ ~mpai~-
ing any equ~ty, li~n ot righ~ uoder w oy vlrtus of this mortq~pe; ~nd in Iha ~vent taid MORTGAGORS shall fw any r~ason fait to keep the said premises w
in~urad, ot tai) Io d~liva promptly any oi said policies of insuranc~ ro satd MORIGAGEE, e~ fail promptly to pay fully ~ny premivm therefp p in a~y
reipecl f~il to pafam, diuMrg~, e:ecWe, eifect, canptete, comply wi~h eod ab~de by trJt cov~nanl, p~ny put hereof, wid MORTGAGEE may piaca and
pay fa ivch insuranc~ a+ny part thereof w~thout w~iviny a afiedlrp a~y opt~on, lien, eq~ity, or right under a by virtw of this Mat9sQs, and the
f~lt amwnt oi each ~nd evay such p~ymem shall be immedia~ely dw and payable a~d shall baar i~tere~t from ths date the~eoi un~il paid at th~ rate o1
n~ne pe~ cmtum pe~ ennum and to~ether wilh such interest shall be securecl by the tis~ oT thii mplpsge.
4. To pamit, tommit or suffer no wasts, Impairment w dere~ro~a~~an o( uid prope~ty a My pstt thereof.
5. To psy all and iing~lar ths coati, chsrpes and sape~ies, ~nclud~ny a resaonable ananey't Fee snd coits o( abstr~cti of tiH~, incvned o? p+~d a~ _
eny fime by sa~d MORiGAGEE, because w in the evene of ~M fa~lure on ~he part of ~he said MOR'G+1GOR to duly, promptty snd fvlly perfam, d~scharge,
Pxecute, effecL camptet~, comply with •nd ab:de by each and every the s~ipufa~~ons, agreements, condition~, intl COVlNnts O~ Hifl FfrOmisfOry nOff ~nd tha
mo~tgage any w either, and sa~d cos», charges and e~penus, each and every, sha~! lx immed~etely due +nd payable; whether w not then be notice ds
mand, attsmpt to col~ect w wit pe~+Jingt and ~ha fu{I smouM ot each and every svch pa~me~~ shatl bear .interest from the d~te tl~treof until p~id at the
~.~~c of nine per centum per annum; and aN said wsts, chargas and expe~ues ~nturred oi paid, topether w~th aucfi intmast, fhall b~ ~etured by the lien of thi~
mort9ys.
6. That in the event of any breach of this Nbrtqsge w de~avlt on tM part of the MORTGAGOR, a(b) in the eve~f ~ny of said sums of mor?sy
hereirt referred to b~ no1 promptty and futly paid with~n th,rty (301 days aexf af~er t}K same aeverally become dve and payabk, withoul demand or notice.
or (c) io tM evcnt each and erery the stipulations. sgreemenrs. cond~tions snd covenams of said promissory note and th~s matpay~ a~y or ~ither ar~ no1
iuly, promptly and fully perfumed, d:scharged, execu~ed, eitected, canpteted, compi~ed wt+h and afi~ded `ay, ther~ in eitFKr a any tvch event the said ~g
gregate wm mentioned in said p?omisaory note then remaining unpaid, with intcrest accrued, and ail moneys setured hereby, sMf) betome dw ~nd pay-
abte forthwith, a~hereahcr, at the opr~on of sa~d MORTGAGEE, as fulty and complesrly as if •11 of ~he sa~d wms of money were wginally uipula~ed
ro be paid on such day, anything in sa:d p.omis~ory note or in this Mortgage to ihe conrrary notwiths~anding; and Ihereupon o+ the~eaher st tM op~ion of
:a;d MORTGAGEE, withaut .not~ce o? demaixl, suit at law or in eqvity, thereiore ot thereafter begun, may be prosecuted u if all rtaneyt setured Aereby
htd m~1urld pnOt to ib institvtiOn.
7. That in the eve~t tha~ at the beginn~ng of a at any t;me pcnding any su:t upon this Mdtgage, ot to fwetlose it, q M rofam it, or fo enforp
paymeM of any daims he~tundrr, said t~1pRTGAGEE shati apply to the Cou~1 haair.g junsdiUion thereof fu ~he ippointment of a RlCtivel, suCh Coutt shall
Fc~~hwith appo~nt a receiver of said mortgaged prop~rty atl and air.gula~, ~nciud~ng a11 and singular the incort~e, profits, issues and rewnues from whatever
so„~ce derived, each ~nd eYery ot wh~ch, U be~ng express:y underssood. is herrby mo~~gaged as if spetifically ~et fath snd deKribed in the granting and
habendum clauses hereof, and such Receiver shalt have all the broad and effec~+ve iurce:ons and powen in anywise entrusted by ~ Covrt fo + Receiver, and
ch appointment sha11 be made by ~vch Court as an admitted equity and a matter oi absolute right fo iaid MORTGAGEE. ~nd without reference to the
edeyuacy a inadequacy of the value of the property mortgaged w to thr so;vency or m;oivency of said MORTGAGOR w the defendann, and Ihat such
re~rs, profits, income, issues and revenves shall ba app~~ed by such Recelver acco~d~ng to the lien or equity of said MORTGAGEE and the practice of tuch
Cour1.
8. To duly, p~omprly and fulfy perfwm, discharge, execute, effect, complete, compfy with snd abide by each and eve?y the stipulations, agreements,
:o~ditions and covenants in sa~d prom~ssory note arx! th;s murtgage set fwth.
9. That in the event the ownership of the mo.tgaged prem~ses, or any part thereoi, becomes vested in ~ person ofher than the MOR7GAGOR, th~
h'.ORTGAGEE, its successe+s and assegns, may, wishout nos;ce to fhe VIORTGAOR, deal with sucti successor or iuccessor in interest with reference to this
mo~~gage and the debt hercby secured in the same manner as v.•~~h IAortgagor w~thout in sny way viti~tirg p distharging fhe Mott9+gors' lisbility hert
v-:der or upon the debt hereby secured. No ~a:e of tl~e Frem~ses hcreby rn,xtgaged and no forbea~a~xe on the psit of th~ MORTGAGEE w its svcteuors
cr assigns and no exters~on of the time fo. the payment of the debt h~reby secured given by the MORTGAGEE or iri sucttssas or ~uigns, shall operats
ro re~ease, d:scharge, mod~fy change w affect the o•g~na! liau~~~ty of ~he 1hORTGAGOR herein, either in whofe w fn pstT.
10. It is speufica~ly agrecd that t~rne is of the esserxe of th;s contract and fhat no w~iver of any ob~~gation hereunder o? of ths oblip~tan se-
c~~ed hereby shati at any tune thereafter be he:d to be a wa~ver of the terms hereol w of the initrument setured herby.
11. In add~tion to the forego:ng monthty paym:nts of princ pal and interest requ~red by the promiswry note sec~red hereby, rtw~fgagar covenants
jnd agrc~s to pay to mo:tgagee w~th eath monthiy pa~rnent an adda~o~ai sum estimated by mwtgagee to be equaf to 1/12 of the annua) tost of the follow-
,ny:
A-All real p~cperty ta~es levied or assessed ayainst the a6ove descr~5ed real estate.
B-Premiums on fire artd windsrorm. insurar.ce as herein req~:red ~o be carried on the improvemeats situate on the above desci~bed piemises.
C-Prem~ums on sucf~ mortgage guartnty ins~ror.ce as mo*tgagee shall from time to Ume deem fit fo urry on the ban iecured hereby.
Mwtgagee shaii From t~me to time notify morrgagor in w.iring of the amount dve and payabte hrreunder +nd such som shall thereupon be due and
;.•reb!e on ihC due date of the next mo~th:y payment and eatfi ;uccessive moNh thereafter ur.til morfgagee shall notify mortgagor of a change in suth
a-wunt. Such sums sF.atl be applied by mertgagee to,nard the payment of real P.oa~ty taxes, inwrance prem:wns, and mortgage gwranty iruwarxe
-~emi~ms.
! IN lY1TNE55 5h'HfREOF, t~e sa:d MORTGAGOR has Fwreunto ut his .Fwnd and seal the day and yNr first afor
~ Si ned, Sealed and delivered in the esence of:
' 9 ~ fILEO a!+^ pEGOR0E0 i
~ - 5t. LUC~E COUNTY Fl~. -l
~ RO' a,l::R~S
~ ~ ~ ~~~:'.GUt~ COURT
CLE^ ' ~n
nrr~r.-.':E~ -~EC
~ - - S~ 5 9 52 AH'75 ~
STA ~ E OF FIORIDA ~ ~
R
~~uvTy pF S~. Lucie 1 ~
Befwe me personally appeared C. ThOnIp50II
_ j~uClll@ Ty10IIp50ri iw wife, to me well known and known so me to be
;he irsd~viduals described in snd who executed the foregoing instrument, and acknowledged before me that they exetuted the ssme for the purposes -
rh~rein expressed. And the said Lueille Tho~nson
~.~{e of the iaid C. Thompson vpon s sepsr~tt +nd privat~
~ e~emin~twn by me taken xparate and apart from her said husband, scknowledged to •nd befwe me that she execvted said instrument freely and volurr
~~-~~y and w~tF~out any compuisan, constraint, apprehension, w fex of or from her said husband.
WITNESS my hand and officisi seal this- 4th day of tember A. p, lq 75
tsry Publ'x in end iw the Stats of Florida et Lar
y My Commission expires: ,A,~ ~ / ~.5 ~ :•yr
~ Return To: ~
~ Fint feder~l Savings ~ loan Association
~ Of fort P~erce_
~ Fort Pierce, Florida ~ ~V. _ .
~ _ .:J}• ' ' • '~,~~i
''i. • ' ii i
.•oi f~r f
f • ~ ~
~ ' '
This lnstrument Prepared By J.. Hal Roberts~ Jr. ~'~,Ql~~^ ~ .
First Federal Savings 8 Loan Association . ~~1 ~ : _
f Fort Pierce , Flozida 33450 ~f~
0 R A . . ~ , :
~ ~ c~
BUOK PAGE~IVO • ' ~~d ~ ;
, ,
Checked
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