HomeMy WebLinkAbout2681 J. To pi~ ~nd continuously kep on ih~ buiidinq~ now a M~~aNN wlwt~ oe~ said !u?d ~nd on all puipmsM and penonally towr~d by ttw matp~
~p~. wi~A ~II p~mium~ thHeon pa~d in tull, (in iiuur~nc~ in ~M uiual audard pclicy fam, b a sum approwd bp tM M10RTGAGEE. ~?d winrktam
kuwanc~ in ~M vwal ~undud pol~cy fwm, in •~um app~owd by rM MORiGAGEE, in wch comp~ny a canpania H th~ MORTGAGfE may
dlnct~ w+d dl fin u+d wi~da~orm i~wanc~ pdicKS on anY of aid build~np~. ~nr tet~rNt tFw~in or pa~f thN~of, in tl+~ app~pat~ wm afonwid a
In ucc~q IAenof, sAall conuin rM uwal itarxlud marqapN claus~ a wch o~hM clwN a tM Mor/9aqN m~y nqv'u~, nwkMip th~ Iw~ undM uid poli~
cNa, ~ach and ev~y. parabl~ a ~~id MORTGAGEE a in infNe~1 mry app~ar, and ~ach ud ~wry ~~ch policy ~hali b~ pranptly ~w:p~wd «+d d~liw~~d to
~ny Mld by aid MORTGAGEE as turtha secv~ity to iaid matya~~ debt, ~nd, r~ '4~ r- (1^~ ~4~ ~ advanc~ of th~ ~xpk~lan o~ tach policy. to dr
liw~ ro taid MORTGAGEE • rtnewal ~Imreof, IopHha with . roc•~p~ fo. ~M p..mium oi wch ~~atw+IJ ~nd tlNr~ ~Fwll b~ no f'u~ a wlndstwm ieuwanu
pl~nd on sny of iaid boildinps, ~ny intere~t Iher~in or p~rt tMrwf, ~nltu in t!» fwm u~d with IM bu payabN a~ta~satd~ a+d in tlr ~wnt ~ny wrn
01 moMy b~conw~ payaW~ wwi~r ~uch policy w policws s~id MORTGAGEE aMll Mw ~M opt~on 1o ncsiw u~d ~pply tM wn~ on ~ooount of tM ir~br~
n~N iet~x~d Mrfby Or b permil ~aid MORTGAGORS ~o ~eceiw and vN N a~ny put IMrvof lor othe? pu~poa~s, wi~hout IMr~b~ waivi,~q ~ai~
inp anY pvity. li~n a ~ipht under or by vutw of this mat~~ye: ~rni ~n d» ~vw~~ w:d l~tORTGAGORS sMll for ~ny nawn f~i) to kwp th~ saW pr~mi~ w
Inw~d. a fail W d~livtr prpnptly ~~y of said pol~ciss of iniwanc~ to t+w! JMORTG/1GFE, or f~il prompNy to psy fvllY ~ny prNniwe thKdw a in anp
nip~et f~il b pNfam, diichar~. execua. ~ffed. complet~, oomplY wi~h and ~bid~ by this townanl, w any put Mnof, s~id N10RTGAGEE may plaa and
paY Fa tuch irq~~ant~ o~ ~ny part tMrtof without waivinp w aifectinp any option, li~ey p~ity, or ripht undN or by virtw of thh Morp+pe, M+d tM
full ~mount of Nch ~nd ~vKy wch paymem sh+ll b~ immediat~ly dw aod payabls a+d sh+ll b~u inttrest f~om th~ dat~ tl+Kwf vottl paW ~t th~ wh ol
nie~ pN cant~m pN ~nnum and to9ethe~ wi~h svch io~e~est shali be ~ecured by fh~ (iM of this rt~ort~~pe. '
~ 1. To p~rmit, canmit a sufft~ no w~st~, impairment a det~rioration of ~aid prop~rty or any p~rf fMnof.
S. To p~y ~tl ~nd ~irq~rlar ~h~ costs, cMrpes ~nd ~xp~nse~, includinp a rwsonabb ~»o?n~y i fN ~nd aoin of abshacy of Ntb. incwnd o~ p~k! d
+~y tirrN bp a~W JNORTGAGEE, b~cau~ a in tM ~wnt of ~M tailwe on tM put of ~h~ said MORTGAGOit to duly, prompty and ivlly pKfonn, d~scha~
•xecut~, eff~q, oompkte, comply with and ~b:d~ by ead~ ~r+d every the itipulat~o~s, apreemenq, c«+di~ions, and aownann of a~d p~omiswry not~ ~nd ~hp
mortyap~ any a eitF?M. and s~~d costs, cMry~s ar+d ~apense~, each arxl every. sMll be imm~diattty dw and p~yabl~j whetlw ar no1 tMr~ b~ notip d?
msed, an~mpt to colkd a wit p~nd~ng: and tM fult amount of each ~nd every ivch payment ~hall bear int~r~it fran th~ dat~ tMrwf until paW ~t tM
rats oi pN ~tum pe~ ~n,wm: and all said ootn, char9es and expenses inwrr~d o~ p~id, topstl~n with such intK~at, sh~ll M s~cwed by fh~ li~n o1 fh4
^+a!?p~•
6. Th~t W in the ~vsnt of ~ny bresch of tha Mor~yaqe w defauU on the part of ti» NIORiGAGpR, o~ (b) in th~ ~vMf ~ny oi said svem ef nwiwy
har~in refernd to b~ not promptly and fully paid wi~hin thirty (30) d~ys ~ex~ afta Ih~ samt teverally becoms dw and pay~bb, withovl d~rrwnd o~ tatic~;,.
w(cj in tM ewnt ~~ch aod wery ~h~ stipula~iwu, agreernenn. conditions and cov~nants of asid promiswry not~ ~nd thia •awrtyap~ any w~ifi+~ ~n noi .
iuly, P.o~rh .nd f~iy ~,s.fo.~,.d, d~scharged, ~xecut~d, effected, compl~ted, camplNd with ~~+d abided dy, tMn M eitlwr a ~ny wd~ ~wM tM s~id ap~
preyaN wm mtntipned In said p~omissory rwte then remaininp vnpaid. with interesf acuued, and ~It moMys Ntund Mttby. ~tNll MconM dw and p~Y
able fathwith, a tMrcafte~, at the optan of said MORTGAGfE, as fully ard compktely as ii all of the said wms of mon~y vwn orpinally atipubted
~o be pa~d on iuch day, ~nythinp in sa~d pran~uory note or in this Nlortyage to ths contr~ry notwi~iutandinp: Md tMr*upon a tMnafMr ~t tM opiwn of
•aid MORTGAGEE. without notKe w demand, wit at law or in eqvity, therefwe o~ thereaher begun, m~y b~ proseWtad q if dl Ta~eys wwnd hsrtby
had matwed pnw to its i+uritutia+. i.
That ln tM event that at the beginn~.rg of w ~t a~y time pending a~y tuit upon this Mortyap~, or iq.fq~clw~ t~., 04 b nfonh H, o? fo ~nforo~
payment of any d~imt Ixreunde?, said MORTGAGEE shall apply to the Couh having jurisdicYan thereOf ~dr tli4 ~Spbintm~ny'of a RKat~~t~ s~cl~ Coutl, sh+ll
fwthwith appoint a receive~ of wid morn~ed property all ~nd singular, inciud~rg •II u+d sinyular t11~` Mieo~et p~ofits, i~sws and 'te~!!` ~from wfi~l~ra
so~xa daiv~d, each and ~very of which, it beinp expressly underuood, is hereby mwtgaged u if speciiic+lly set farh ~nd d~wib~d in tM 9.~n~inp and
hsbtndwn tlavus hereof, u~d s~th Recciver thall h~ve all the boad snd effective funct~o~s and powers in aoywise entrvsted by ~ Cowt fo ~ R~ceivtr, u+d
such ~ppointment shall be made by such Court as an admitted eqvity and ~ matter of absolute ri~ht to said MORTGAGEE, and without referenct fo th~
adeqvacy a inadequacy of the valve of 1he prope~ry mongaged w to the wtvency or inwlvency of s~id MpRTGAGOR w the defendanq, ~nd lhat such
ren~~, profits, income, ~ssues and revenues shall be applied by such Receive~ accord~~ to iha iiesr t~ z~c:sty of said MORTGAGEE ~nd tM practiu of wcA
CouA.
8. To duly, promptty a~d fully pe~torm, discharge, execufe, effect, comptete, comply wilh and sbide by uch ~nd ~wry tM stipuiations, apre~rt~eeb,
conditio~a ~nd covenants in sa~d prom~ssory note and thi~ mortgsqe set fath. , '
9. Thsf in the event the ownership of ii~e mortyayed premises, a any parf thereof, becomes vetted ln ~ perwn othK th~ th~ MORTGAGOR, th~
MORTGAGEE, ih wccessors and auigns, rnay, without notice fo the MORTGAOR, desl with ~uch waessot p wuessor in inbrpt with rofer~ncs to tlw
mor~ga9e and ~he deW hercby secvred in the sx~ msm~er as wi~h Mort~apw without in ~e~y way vitiilinp w dicharpiep tiw Mort~apors' liabiliry Mrr
under or vpon the debt hereby sewred. No sale of the premises hereby mortgaged and no fwbearanp on tM parl of th~ MORTGAGEE or its urccessws
or sugro and rw extensbn of- the time for the payment of Ihe deb~ hercby secvred piwn by tM MORTGAGEE a its sucussors or assi~ns, shall opvat~
~o relc~se, d~scharye, rtwdify ctynp~ o? affett the orip~nal Iiabitity of tfie MORiGAGOR herial, sith~r in wlwM w in put.
lo. Ir Is spedhcauy aqr.ed rhtl rime ts of rhe esse~ce of this conrrw ~nd 1ha~ no w~iver of .ny obliyaAOe M~eunder or of t1,~ oblip.tio~ a.
a.r<-~ !!areby shall at any time thereafter be held to be a waiver of the terms hereoi a oi the instrument setured herby,
11. In addeion to fhe iwego:rr~ monthly payments of Frint pal and inte.est required by the promissory note secured hereby, mortg~por cov~nany
and agrees to pay to mortgagee with each monthty pay.nent an add~rionsl sum estima!ed by mwtgsgee fp be equal fo 1/12 of 1hs annual cost of the follow-
ing: .
A-All real property taxes kvied w a:xssed aga~nst thc above dexribed res~ estate.
B-Premiurns on fire and windswrm insurance ~s herein req~~red fo be tu~ied o~ the improvements sitvafe on ths above described premises.
C-Pramiwna on such mort9aye 9uxanry inwrance ai mortgaget ~haN from ~~ms to. time dsem fiit to tsrry on tha bsn secured hereby.
JlRatg+gee shsll from time to t~me notify mo.t9agor in writing of the arnount due and wyabk hereunder ~nd wch sum shsll thereupon bs due and
payable on the due date of the next month!y payment and each successive month thereaffer ur.til moriq~ee sh~ll notify mortyapor of a clwgs in s~ch ;
amount. Such sums sF:ail be app~ied by mortgagee toward the payment of real property taxes, insurance pem:ums, and mortp~e guu~nty inwnnc~
premivms. . ~
IN WITNE55 1VHEREOF, the said MORTGAGOR has hereunfo ut his hand and seal the day ye i?sf ~fw~ssid.
Siyned, Sealed and detivered in the presence of: ~ i
i filEO Ahi~ ~'fCvitDE~ / '
~ ~ ST. AaCE
~~R~S~~~ C. J. 'ahnson n ~
j ' CLERti :.;.:J;T COURT - ~
~ . REC~R^ ~ -;~c p~,tience Johns ~
~ 1y 9 12 ~'75 - ~•+n
STATE OF FLORIOA
i St. Lucie
couNnr oF -
sefore me penorully ~ppeared C• .1• .lOhflSOI1
PetienCe TAl'Lt~sATf Fws wifs, to rr» w~ll known and known to m~ to b~ ~
~ the individwts desvibed in ~nd who executed the foregoiriy instru.rnnt, and ~cknowledped befwe rn~ that they ex~wted tM sam~ for tM pvrpows ?
r?K?~~ .xa~.ed. n~,d t~ said Patience Johnson
wife of tM ssid C. J. .10~'tI1Sd1 ~ ~
k examinstan by me t~ken separate and apart from he~ seid F?usband, adcnowled9ed to and before me that she exeWted said iin~men~ ly u~d vOluer ~
~ rerily and without any compulsion, constraint, apprehens~ ex of or from her ssid husb~nd, i
~ WITNESS my Mnd end officisl seal thi~ day c{ Septeaber p. 19 75
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~ . Not~ry Public in ~nd for the St of Florida at Luy~ s
Return To: . My Commiuion ~xpires: ~ 0~
` Firtf F~deral Savingt 8 Loa~ Associafion
~ Of Fort P:erce. ~ ~ ` ±
~ Fort Pierca Fbrida ~~i1~"~~-~~`'"~ ~
~ :~i . .r;s
~ '~Y~ ~ ~~i~ .
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This Instrument Prepared Sy Donald B. Hughes l'. =t~ _
First Federal Savings b Loan Association , ~ -
of Fort Pierce , FloYida 33450 p R 243 P~,~E~Q~ ~ p~ '
. . 804K L7.L~. , ~ ~ ' ~ 1 : !G
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