HomeMy WebLinkAbout2679 To plap and continuously keep on the bui!dingi r?ow w MreahN situaq on ~aid land u+d on all puiprtieM ~nd pKwn~IM wv~r~d by this mwt¢
sp~, witfi all pr~mium~ IMreon paid in (uil, fi~e insurance in ths uiual sund~rd policy form. in • sum ~pp~owd by iM MORTGAGEE. ~nd wind~twm
imw~nc~ in 1M ~nwl ita~da~d pol~cy fam, in a ~um ~pprovsd by ~M 1NORTGAGEE. in wch company or wmpani~s ~h~ 1NORTGAGEE n+ay .
dinctt ~nd NI fin snd w~nditam in~urance poliues ~oy of ssid buiidin0~ ~~Iy i11M~qt fFMtfi11 01 ~iA fIN(Wf, in tM pp~p~~~ wm ~fa«~+id a
In ~xuu ~her~of. ~lull oon~ain tM wual iunds~d ma~9spa~ claus~ a iuch otM~ clawa u tM Mo.tyaqN enay rpuw. makinp tM bss uada uid po1F
ci~s. ~ach ~nd wKy. paYabl~ b said N10RTGAGEE as itt inters~t m~y appeu. ~~d sach a?d ~vNy ~~ch poiicy ~hali b~ promptty aa:~n~d u~d d~livK~d W
~ny MW by s~id MORTGAGEE as fwrher iecv~ity to ~a~d morlyag~ drbt, a~d, not ~ess tMn ten (10) daYS 1~ +dv~r?c~ oi tM expiration of ~~ch pol~cy, to da
fivN to said N10RTGAGEE ~ r~ntwat tMreol, ~ogttMr witi+ a rsteipt fw tht premium of tuch rMtw~li and thK~ ~hall E~ no f'a~ or windstam G+wruK~ ;
_ plat~d on ~ny of said b~ildngs. ~ny inlerest li~rain a part the~eof, ~nlc~s in tM fwm ~nd with t!k bss paysbM u ~ia~~ids +~d i~ 1FN ~wnt any ~unn '
of mw»y beca+»s p~yabN ~~der such policy or po1Kw~ iaid MORiGAGEE ~hall haw ~M opt~on to receiw and appty 1he ~+n» on aua+M of th~ ind~bted~ ~
neq Ntured Mteby p b p~~mil said MORTCsAGORS to teceivs and us~ it or ~ny part /F?erw! fw olhe~ purposes, wilhout thNeb/ waivirq w ~mp~ir- {
Inp any equiry, lite~ q righl under a by virtus of this morty~e; and in 1}?~ ~vent taid MORTGAGORS sMll for My rNfon iiil to k~ep th~ uid p?emises w
inwred, w(ail to d~livt~ p~omptly any of said pol~cies of inwr~nc~ to said MORTGAGEf, or f~it promptly lo pay fully any pr~mium th~~efw or in ~ny ~
rypect fail b pNtorm, discharge, execute, effec~, compl~te, comply with and ~bide by this cove~l. w ~~Y p+N he~~of, said MORTGAGEE m~y pl~c~ snd `
p~Y fw suci~ i~nurancs a u+y put thereof without waivinq or ~fiecti~y any option, INn, ~quity. w riphl ~ndN a by virtw of fhis Matpape. and tM
fu~l amouM of each and every such paymem shall be immcd'ately dw ~~d p+yaW~ ~~d shalt bear inte~at from tlw daq ther~of u~til paid ~t tM at~ ol
nine per ca+tum per annum and together with iuch interest shalt be setured by tM lisn of thls mortp~pe.
;
1. To p~rmi?, comrnit or sutfa no wasts, impairment o~ dNer~oration of iaid proptrty w any put tMrwf.
S. To pay alI and unpulu tM cosn, cherges u~d expe.uss, inctudin9 • IN30n~bIQ ~ttO~My's fee u~d cosn of ~bstracn of titl~. LKwr~d w paid N
any time by aid lNORfGAGEE, b~cause or in ~he event of tM fa~lwe on tha pan of tM ~aid MORTGAGOR fo duly, promptly ~nd fvlly pafonn, d~uM.qw
execut~. effecf, compkrs, comply wnh aruf ab;de by each and every tAe stipulations, ~preements, conditiau, u+d oownants of Hid pomiuory noh and thu
mon~ap~ ~ny or ei~he~. ~nd said costs. char9a and expenses, each and eve~y, shall b~ immediately dw u~d pay~blr, wAe~ht~ a ~ot tFwr~ b~ naic~ dr
mand, attempl to collect a wit .pendings and the tull amount of exh end every svch payment sMl1 bea. inter~st frpn tM da1~ tMreof umil paid +1 tM
rate of nine per ccntum per annum; and all said cosp, cFuryes and expenses incurred a paid, topetha with ~uth inter~st, shaii b~ s~wr~d by ii`--s of thN ~
rtwrtyay~.
4. Th~t fs) in the ever~t of ~ny bresch of this Mortgaye o~ defeult on ths part of the MORTGAGOR, o? (b) in ths ewnt ~ny of s~td twm of maKy
herein ~~ferred to bs not promptfy ~nd fully paid within thirty (301 days nex~ af~er the same s~verally becom~ due ~nd payabl~, wi~hout d~mu+d o? ewY~u,
or in tM ewnt each and every the s~ipulations, agreeme++n. cond~~ions u+d coren.nn of ia~d promis+ory not~ and this mort9p~ any o~ ~itlwr ~n no1
iuly. promptty and fullY'perfwnxd, d~uharged, executed• fffKtld. completed, compl'~od with and ~bided ~iy. 1Mn in ~ither w ~ny such w~nt tlN s~id p~
qregat~ wm rt~entaned i~ tsid p~omissory note then remaining unpaid, with interest ~cuued, ~nd a~l moneys sstured htrlby, shall bKOnN dw and p~y~
sbl~ forthwith, a thKeafta, at tF+e op~ion of said MORTGAGEE, a~ fully ard completely as if •II ot tF+e wid sums of ma+~y wert oripin~lly atipubfed
ro be paid oe~ svch day, anythir+g in said promissory note or in ~his Mortgage to the cont.~ry norwi~hsundings ~nd ~haeupon w~hereafia ~t rM op~ion of
said MORTGAGEE, wi~hout not~ce p demand, suit at law a ia eqvity, tFxrefore w the~eal~e. begun, may be prosstuted ~s if all nwntyf acvrd hatby
had m~t~red pnor lo its inslitWion.
7. Tha~ in-ths event that at the beginn7rg of or at any t~me pendinp any wit upo~ Nw Mort9aqe, or lo for~clw~ H, or to nform H, or to ~nforu
payment of any daims hercunder, w~d MORTGAGEE shall appty to ~he Court having jurisdict~on thereoi for the appoiMment of ~ Receivar, tuch Co~M sh~ll
fwthwifh apfwiM a receiver of said mwtgaged prope?ry sll ~nd singul~r, includug all and singulu the income, profits, bsws ~nd rtvenues from wfiatevK
source deriwd, e~ch and every of which. it being exp.essly unders~ood, is I+ereby mortgsged as if specifically set fath and d~w~Md in the yrantirq snd
habendum clauses hereof, and such Recrver shall have all fhe b.oad and effective fv~Uwnf and powen in anywise entru~ted by a Couri to a Receiver. and
such sppointment shall be made bp wch Court as an admitted equ~ty snd a matte~ of sbsolute rigM to said MORTGACaEE, and without nfe?ente fo th~
edequ~cy w inadequacy of the value of the proper~y mwlyaged or to the wtvency or insolvency of qid MORTGAGOR or tlw d~fendanta, and that such
rents, profiq, incane, iuves and revenues shall be applied by such Receiver accadiny to the lien w eqvity of aid NIORTGAGEE and the ptutict of such
's
• Co~xf. ~
8. To dvly, promptly and fully perform, discharge, execute, effect, complete, comply with and ~bide by each u~d :~rir-; :
a stipulations, preertronb, ~
~ conditiorq snd coveninta ~n sa~d promisswy note and this mat9sye set forth. ~
9. T h a t i n t h e e
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MORTGAGEE, if~ succeuors snd au~ns, may, without notice to ~he JYARTGAOR, deal with such succeswr w successor in interat with reference to ihis
mwtgsge and the debt he?eby securcd in the same manner as with ASortgagor without in any way vitiating or disthu~ing the Mort9~pws' li~'lify htrr
under w upon the debt hereby xcured. No sale of the premises hereby mortgaged ~nd no fwbtarance on tF~e p~A ol th~ MORTGACsEE or ita suaesso~s
or assigns and no exte~sion of the time fw the payment of the debt hereby secured 9iven by the MORTGAGEE ot iri succtswrs or ~ssiyM, sh~ll optrat~
ro roleass, dischar~e, modify change w affect the wig~nal I~ab~l~ty of ~he MORTGAGOR herein, either in wiwk w in p~h. ~
10. It is specifically agreed that time is of the euence of this contract ar.d Ihat no waiver of ~ny obliyation hsrevnder w of tM oblipation sr ;
cured hsr~by shaq at sny time thereafte~ be held to be • waiver of tF~e terms hereof w of Ih~ imtrumeM aecured herby.-. ~
11. In addition to the fwego:ng monthly payments of princ pal and interest required by the promissory note setured hereby, motfgagor covenants
and a9reea to pay to mortgagee v~ith each momhiy pay<<tent an add~tional sum estimated by mortyagee to be equal b 1/12 of the annwl tost of tht follow-
ing: .
, A-All real property ~axes levied or assessed against thc above described real estate.
B-Premiums w? fire and windstorm Insurar,ce as herein requ~red to be carried on 1F~e improvemenfs sitvate on the sbove described prern'~ses.
C-Premiums on such martgege guaranty ir.surance as rta.tg~gee shall from t;me to time deem fit !o prry on fhe loan fecwed' hereby.
f Mortgsgee shaU from time to t~rm no~ify mortgagor ~n writ~ng of the amount due snd payable MreLnder ud such tum thall thuevpon be d~e ~nd
payable on the due oate of the next monthly payment and each successive mooth there+fter ur,til mutgagee shall notify mwt9agor of a charg~ in wtb
! amount. Such sums shall be applied by mwtgagee toward the payment of real property taxes, ins~rance prem:ums, and morfgaye gwr~nty inturs~ce
f premiu r
~ WITNE55 WHEREOF, the sa~d MOR~GAGOR has hereunto set his hand and sesl the day and year fint ~fwesaid. :
Siyned, Sealed snd v i~r tF~e presence of: ~ • `
FILFp A!i~ kEV:t~OE~ X~~ ~
gt.lUCCf ~0~:~+~Y flA. 1 aa . i so
~;~;~ca r^.;~RSS ~
C~E~,=. ~ ..~.,•r COURT ~
. ~
^F~•`.- ~ 811t8 . SOA d d
~p =y 9 12 ~H aura . son
STATE OF FLORIDA ~ .
St. Lucie ~
`~~"TM 31'7~.'71
eefwe ms personally eppeared Willia~ H. H~130I1 and
Daura H. Hilson a/k/a Daura M. Hilson his wife, ro m. w.n k~ .~,d k~ ro ~ ro t» ~
the individuals described in and who executed the foregany instrumenf, and atkoowledped befote me that they txecuted the ssrtw for ths pwposes
rhe.~~~ exP.esxd. a+d rt,e said Daura H. Hile_on a/Ic/a Daura M. Hilson ;
~,~te of rh...~d Willian H_ Hilson , .~.,r~d
examinatwn by me taken separate and apa?t from her said husband, ackiwwledged to +nd before me tMt the execWed said im
~`~~jrl~i~ie~y ~nd volw~- ~
~arily u?d witF?out any compulsion, constraint, apprehensi w fear of w from her said iband. .
'0~~ Se teaber ?L ~75
WITNESS my Mnd and official seal this.~~ ~ day of
~ ~`'V.~ ' %
C C~~. Y, : f
Notsry Public in a~d w t lot' y,,,~~+'- = '
~ MY Commissan OxD~res: ~j !~'s/s~ ~ .
Return To: ~ S~'ATE /
First Federal Savi s 3 loan Association _ Fl...~
R I t~ ~ v; .
~ "9 ~ DOCUMENTARY~~,STAMF i l`. X ' ~(r• - , ; ~ r
Of Fort Pferce. - . p.f •
~ ct DEPT. uF REVENUE i=. , 'J / ''~•S'~ E '
~ Fort Pierce. F.orida x~ N _ S~E~ O O f~~ .
~ ~ = ee. = SE~~~'75 • 'r/fillli:lN~~i
~ ~ ~ 111p2 _ - ,
~ This Instrument Prepared By Gary F. Ellwood
- First Federal Savings b loan Association
Fort Pierce, Flotida
. °a ~ ~ ~ ~ $oox 243 ~,,~E2679
Check By ~
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