HomeMy WebLinkAbout2578 !
To pl~u and contin~ously kNp on tM buildinq~ eaw w Mr~aftM ~itv~t~ on ~~Id I~nd ~nd on dl pulpm~m and pMwnally oov~nd by ~hls map~ '
pw wl~h dl pr~mium~ ~herwn p~id in full, f'u~ insur~~u in tM u~uN ~ta+dard policy fam, In a ~um ~pp~owd by tM MORTGAGEE. a~d wlndttwm
fnw~~nc~ in tM wwl s~u~dud pol~cy fwm, M• ~um approv~d by ~M MORTG/1GEE, in wch compaoy a canpaeN~~ M N» MORTGAf3EE may :
dind~ w~d ~II fk~ u~dl windsrorm inw.~no~ polki~s on ~ny of uW buildin~p, ~ny Inqr~st tl~~{n w put tlNrwf, In tl» appnp+q awn aforKafd or ~ ;
In ~ccas thKwf. ~Iwll cont~ln fh~ uwal atandard ~rwr~yay~ clauN or such othu dww u tM Mor~9ap~ m+Y n4uir~. n~kGp 11N Iw~ undM ~aid pol~
cia. tatA and ~vKy. paYabN b s~id MORTGAGEE ~s its inttral mar app~a. ~nd Nth ~nd ~wry wtA polity ahall b~ poenpNy ~s.pn~d ~nd d~liwtN! ro ~
~ny MW by wid MORTGAGEE n furthK ~ecvrity lo said mw~paq~ debt, and, oot less Ihan ro~ (10) d~ys in ~dvMU of th~ ~zpkation of ~~ch polity, 1o da r'• i
IIvN M saW IIIWRiGACsEE a r~w~l tMr~of, Mp~thK wilh a ~~teipl fw tM prtrnium ot tvth r~walj and Ih~t~ si+all b~ op fir~ a wlndilwm Inwanc~ ' ~
pl~ad on a~y of s~id bvildinps, ~ny inttr~st thK~in o~ part tl?acof. w+leu In ti+~ fam ~nd wi~h ~1+~ loa~ payaWe u~iwnaWr +~d io tM ~wm ~ny wm - ~
of m~y b~canes payabl~ urwl~? such policy o~ policies ~aid MORiGAGEE shall Mw ~M option to nc~iw ud ~pply tM ~ on ~ccoum o1 ~h~ fod~bt~ ~
nKS acvqd twr:Ly w rs r,.-::-~t faid MpRTGAGORS ~o reoeiv~ u~d ~s~ it a any part ther~of fa otF~ pwposes, wi~hout thK~by waiviny w M~npair- j
Inp ~ny puiry, tkn a ri~ht ~ndK or by vi~tw of ~hfs mortpap~l ~nd ln ~M ~wnt sa~d MORTGAGORS ~ha~l fw ~ny r+~son i~U b kNp tFr aid pnmi~ w~.
Mwrd, w fdl w d~livN promptly ~ey of uid policies of iosw~nc~ ro aid MORTGAGEE, or i:ii w~~,r~y to Psy f~ify any premium tM~dor a in ~
h~p~ct f~il b pK(am, dischuy~. ~xecure, ~ff~ct. complet~. cornpty wirh and ~bid~ by thit cov~~anr, o~ ~r?y part ha~oi, ~aid MORTGAGEE may pi~a ~nd ~ i';'
aY ta ~uch inwra~ a ~ny art ~Mreof wi~hou~ waivinp a~f(~tirp any optwn, lien, p~ih. a~pht vnd~ a by vietw of thb Monpap~, and tM ~ fi
fvll amo~m of ~ach aed ~wry wch paymem shall b~ imm~diat~ly due and p~y~bl~ ~nd sh~ll b~ar inttr~sl from tht d~t~ tMnof w?tU paW N tM rau ol •
nin~ pN centwn pK ~~v?um and topeihN wirh svch Mtaest ihatl be secu.~d by th~ li~n of this matpap~. .
I. To pKmit, commit o~ suff~r no wasts, a++paimmnt a de~eriaation of s~id Wop~rry or any pal tha~of.
S. To pay all ~nd sinpvtu th~ cosn, cF~uy~s and ~xpense~. iacludinp • n~sw~abl~ ~ttorewy~s h~ ~+d cwM of abatwet~ of thl~. Incwr~d a p~id ~t ~
any tim~ bp said MpRiGAGEE, b~caus~ or in the ewnt of ~Fw failure on tlr pan of ~M sad MORTGAGOR w duy, p~ompty u~d ivlly p~rfonn, di~cha?p~
~xecvr~. ~ff~ct. complere. cpnply with ~~d ~b~d~ by each and evary tl+s itipul~uons, ayream~nts, corKlit~ons, and aowrnn» of sald promiafory noN and t!w
maty+p~ a~ryr or ~ither. and ss~d cw?s, chu~ and ~xpsnas. each and ~vKy. ~hatl tmn~d'Naly dw u?d pay~bl~t wMr1w a na tMr~ b~ notia dr
msnd. ananpt to colktt or svit pendinp~ ~nd tM fuli smovnt of tach and wery s~cl+ payment shsll bNr iniarssi from tfw d~t~ ih~~wf until paM a1 tM
.at~ oI ~ pn n~tum pe~ uu~~m; ar+d all said oosts. charg~s end expenses incwr~d a p~id, topelher wiM such int~t~tl, slwll b~ acw~d bp tM it~n of thit
~,~.p.~., ` ~
6. iMi in Nw eveet of any bresch of IFw Mor~9age a default on tht pan of th~ MORTGAGOR, p(b) in the w~nt ~ny of s~id twm of nwrwy
here&~ ?~fe~nd to be not promprly and fully paid with'in thi~fy (30) day~ nexl after the samt stvtrally becortK dw and p~y~W~, withotrt d~m~nd w notkt.
or in tM ~wnt ~ach and ~very tl» stipulations, agr~em~nts, cooditia?s and cov~nb of sa~d p~omisswy not~ ~nd tlrs nw~pap~ any w~ithN an o01
i~ly, prorepNy ~nd fuliy pKform~d, d~acharged. ~x~cv~ed. eff~ded. compbted. camplied with a+d abided by, tlNn In ~itlwr a anr ~uch ~wnt th~ Mid aQ
qrey~te sum mentia~ed in~said promiisory note then remainiry unpaid. with interest acuucd, ~nd all montys aacured h~tebY. shdl b~toen~ dw ~nd pap
sbl~ fwthwitl~, w ti+~reafie~, at tM option of said MORTGAGEE, as tully and compl~te~y ~s if •II of ths tald`wrt~s of mo~ey w~r~ orpi~ally atip~lated
to be paid on wcF~ day, ~nythi~g i~ sa~d promiswry not~ o~ in this Mwtyaqe to tM contrary notwithstaadinp: uid thKiupon a ther~~hN af tM option of
ieid MORTGAGEE, without notic~ a demand, suit at law o? in equity. therefw~ w ~hereahsr beyww, m~y b~ p~o~cut~d 4.3~a11 ~.~cur~d h~nby
had matwed priw to ib Irotitution. . 'v' .•t
7. TMI in tM ~vent thst ~t ti+e bsginnin~ of a at any tims pendirg sny wit vpon this Mortyy~, a fo foneloa itr ~ rp ~~-lt. a fo u~fora
paymc~~ of a~?y cl~ims here~nder, said MORTGA6EE sMll apply to rhe Cour~ haviny jvr~sdKUOn ~hcreof tw th~ appo~nunMt ot'rrbqip~r`~tilh;(~t ~11
fwthwith appoint a ~eceive~ of said mwtg~ged properry all ~nd sirgu~u, irecludmg ~II and singular tM income, profits, hw~s Mi~l u~! Yr~-yvl~at~YN
wurce dKived. e~ch ~nd every of whKh, it beinp expreuly undentood. a hereby mor~gaged as if specifiulty s~t fonh and dMVi~t'MN~ ~tanf6~and
habeedur~ davses hereof, u~d such Receiver shall Mve sll the broad and effective funct~ons and Powen in anywiu entrwted by ~ Cowt M a Riosi~,`.~nd
•uch ~ppoinlmem shall be made 11y pich Court at ~n admitted eqvity snd ~ mNM~ of abwlute rght to s~id N10RTGAGEE, and witho~rt ~~ferenct b t!r
edequscy or in~deqwq o( the value of ~he property mortyaged o~ to rhe aolw~cy o. insolwocy of s~id MORiGAGOR a th~ d~f~ndants, and ~hat such
renri, profin, incorne, issues ~nd rovenues sha11 be applied by such Race'iver ~cto?dinp to tl+~ lien a pviry of taid MORTGAGEE ~nd tM prattiq of suth
Coutt. -
8. To duly, pomptly and fuUy pe~form, dbcFurg~, execvte, effsct, oomplete, comply with and aWd~ bp ach and ~wry tM stipulatioos, ~preeerKnri,
conditions and coven~nts in s~id promiuwy oore u~d th;s mortyape set fath.
9. TMt in tM event the ownership of tM mortga9ed premises, w a~y part thereof, betort»s wtted ie ~ panoo othK Mwn the MORtGAGOR, th~ ~
MORTGAGEE, its succeswrs ~nd auigns, rrNy, withouf nofice to the MORTGAOR, deal wifh such successor p successor interpt with refaenc~ fo this ~
morfyaye u~d tM debl hcreby setured in the same manner as wi~h Mo?Igaga without in a~y way vitistirg w disthar~inp tlr Mwtpapwt' (i~bility IMra
under w upon the debt h~reby secured. . No sa{e of ~ha premises {+ereby mwtgsped and no forbwant~ on tFw pan of tM MORTGAGEE or its suoo~sso.s
o. ~uigm and rw extensan of the time for the payment Qf the debt hereby tec~red yivtn by the MORTGAGEE a its ~utpaoa ot a}sipM, shall opaat~
to rekast, dixhar~, modify charx~e .w affen the original liability of the MORTGAGOR h~rein, eitF~u io whol~ w In parf. ~
1Q It it spsclP~cslty agreed ~hat tim~ is of tfie esxnce of this contract a~d th~t no waiver of any oblip~tion haeunder a of the obUpation a~-
cured heteby shall at any time ther~aftq be held to be s waiver of the tsrms hereof a of the instrument secw~d herby. ' ~
11. 1~ additron to th~ Fore~o:ng monlhlY paYments of princ'pal end interest requirad.by tM prom'utory~not~ secured hst~bY, mortysypr eovtrqrHS ~
and sgrees fo pay to mortgagee with each momhly payment an add~rional tum estimated by mort~aQee to be equsl b 1~12 of ths annual coat of tht follow-
ing:
A-All resf p?operty ~a:es kv~ed or a:sessed againsl thc above descr~bed resl estata
8-Premiums on firo and windstwm insurance as hcrein requ'ued to be carried o~ the improvemenb situate on the sbove desuibed premises. 'V t
C-Premwms on wch mortgage pwranty inswance as mortgsgee s!?all 4~om t~me to ~ime deem tit to csrry on tlw losn secured hereby. ~
' Mwt9agee shall from rime to fime notify mortgagor in writirg of tirc amount dve and psysble Mreundrr and svch wm sMll tMrwpon 6e dw ~nd
j pay+bl~ on tfie due date of the next monthly p~yment and each succeuive monlh thereaRe~ until mortgsgae slwll notify mort~spw of a in wch
amount. Such sums shall be applied by mwtysgee toward the paymeM of real propcrty taxes, insurance prem:wns, and mort~~pe pvaranty inwr~nc~ ~v
premiums. . ,
IN WITNESS WHEREOF, the said MORTGAGOR has bercunto tet his hand and seal the day and yeu afor . ~
Sgr~, Seakd ~nd delivered in the prestnce of: ~
\ f
~f~:~UC' +?tC~30f0 ~ 4 ~j :
; WGk Gy~fM7y fLA, 1 te ~
~ ~ i
~ • AG:f~• _~?~~~tA3 - .
~ S± Ef~ ::;-~G JiT C~URT q(~ ~
~ ~ 2,: f afcrF:.: •=};={Ci~ 13s F. W11ite 9 ~
i STATE OF FLORIOA ~ ~I d \v !
~ ~ ~ ' ~~oe~,~ ~w :
~i counrrr oF St. Lucie
; asfore m~ person~~ly apPepred Haskell L. White ~ ~
~ hvll~s R. White haw~r~,w~.~i~,~~a~ro~.ro~.
the individuals described in and who executed the foreyoiny instrwnent, and acknowled~ed b~fott me tlwt th~y ~x~evt~d the fam~ for th~ purposq
~ rhe?ein ~xpres~ed. And rhs said Phvllis F. Whlte
~ wifs of rh. s+~d Haakell L. White ;
examin~tan by me taken ~eparste and apart from her said lwsband,
i ack^owledped ro ~~d before me that sl~e ~xetuted ~aid instrurnent heely ~nd volw~-
: tarily and withovf any compvl~ion, cautr~int, apprehension, o,,t ~f
°r of q from her ~aid Iwsband.
~ WITNESS m
y Mnd aod officiat seal this d ~y o{ Septesber A. D. 19 75
~ • ~ t
• • Noury Public in ~nd for th~ Stat~ ~f l,arp~
' Return To: . My Commiaan ~xpirea: _ ~ 4 . "
~ First Feder+) Savings a Los~ Association ,
O( Fat P~erce. ~~t:ti~~tj:tlt~f~
Fon Pierce, Florida 1 '.~j,1'.~~ ~~~~i~
, ~ . ~
• ~b.,
` • .
~ . . ~'I '~~:~6Ry~Y~=
. • r. -
; This Instrument Prepared By Donald B. Hughes ~ : ti`~u::~ -
f First Federal Savings d~ Loan Association ~ ~ ~
E of Fort Pierce , Flo=ida ~.b 1 ~'i ~ C3
~ . . ..~:.t 'G ~
• - - _ . ~
Checked r-~ ~t JD
, 8~243 ~2578 . ~S:
,S±„ r~~ :
t f ~ ~ . : -
E "
-
E - eZ
~
:F Y! ' - .^+'k,. ' ' ' ' _ " . . "
_ .s ~ : _