HomeMy WebLinkAbout2683 To plac~ and con~f~uously keep o~ tM buitd~ngi now o~ I~reaf~N utwt~ o~ said land and on ~11 pvipm~M u+d pMwnally cow~~d by fhis mwt~ ~
ap~, wi~h dl p~miums el~rca~ ps=d in fol1, t;ra insunnt~ in tM uiual ~~u+dard polity fwm, in • ti~nn ~ppror~d by 11n MORiGAGEE, and winduain
kaww~u In tFw uiwl ~tandud pol~cy fam, in a ~um approv~d by rM MORTGAGEE, In wcf~ company or compania a tM MORTGAGEE may
dihcq ~nd all 1in ~nd windsrorm inav.ance policies on ~oy of said buildups, ~ny intenst tMnin a pa~t tFw~of, in ~hi apprp~q wm ~for~id o~
In ~xufa ther~of, ~MII contair tM ~nual uandud ma~gapM ci~u~ a such al+N ciws~ a ~h~ 1No.~p~ may rpu~n. m~kinp tM Iw~ unda said po1F
ci~s. ~acA a+d ~vNy. paYabl~ ro s~id MORTGACtEE as in intaest may ~ppear. u+d e~ch u+d eve.y ~vch poiicy sh.ll b. prc+mp~i~ us.9nad u,d d~l~d a
~ny lwld by uid MORiGAGEE (w~ha security ~o s~id ~~ortya~e d•bt, a~, no1 less tMn t~n (10) days i~ ~dvana of tF+~ ~apu~tion ol e~ch policy. ro da
liw~ to ~id MORTGAGEE • renewal thereoi, topelht~ with a receipt fw the pr~mivm of wch r~new~l; and thtr~ sMll b~ ~o f'u~ a wfnditam Inaw~nct
pl~ad on any of said bvildinps, any interest thaein w part th~reof, ~nles~ in tl?e form ~nd wifh ~M lou payable as a(a~saWs and tn tM twnt ~ny wn+
- o~ mon~y becanri payabl~ w+d~~ tuch polky w polrci~s said MORTGAGEE ihall Mw th~ option to receire and spply tM same a? ~aoum of rh~ M~Mb~sd-
nea ~cw~d Mra§y or 'c ~.e.~^:!t s:!: Y~.:'GAC-4R5 ro receiw and v~ i1 a a~y part thereof ta other purposes, wi~hout ths?eb~ w~iviny a~iti
i~?p anr puity, IiM or riqhl ~nder a by virtw of thii mo:tga9e; ~nd in IM ewnt s~id MORTGAGORS shall (w a~y r~ason fail ro kKp flN uid p~~mis~s w
iniured, w fafl /o de~iver pomptly ~ny of sa~d polKies o( inwranc~ to ~~d MORTGAGEE, w f~il promptty to pay fullr any pnmi~~m tF~efo~ w in ~ny
?np~ct fall b pN(am. d~uharge, txecute, effect, complere, comply wirh ~nd ebid~ by this eov~t, p ~ny part herwf, ~aid MORtGAGEE mar plac~ ~nd
pay for suth i~suranc~ w~ny part thereof witho~t waivirg ot aflxtinp any option, lisn, pvity, ot ~ipht ~~der or by virfw of thi~ Mwt9ap~, and 1M t
full amo~rnl of. sach and wsry such payment shall be immediat~ly dw and pay~ble ~nd shall b~a~ intaesl f~om tM dat~ tM~wf until paid at tM raq ot 1
nirK pp os~t~m pa annvm •nd ta~rther with suth inrerasl t1?~tl bs secured by tM lien of this morfp~pt. !
1. To permit, comndt ot sufia no wsats, Impairment a deterio.etion of iaid property a~ny put ~Mr~of. ~
5. To pay ~11 aed sirgul~r tM cuts, cMrges and ~xpa+ses, inctudinp a rc~wn~bl~ ~nornty's fN and aosb of abshacts of titl~. incwr~d w p~M at '
any tim~ by said MORTGAGfE, becawe w in the event of ~hs failwe on tM p+n of ~h~ uid MORTGAGOR to d~ly, pomptly and fully pafwm, diaMr~ i
~xecute, effect, compleq, comply w~~h ar+d ab:de by ~~ch ~nd every ths itip~la~ions, a~reaments, tonditiom, a~d oovenanb of ~aid pramiuwy noq ~nd this j
matQap~ any or eithsr. and sa~d costs, cMryes and etpenses, each ~nd ev~ry. slwll b~ imm~diatety due and p~yabl~t wMtht~ o~ not tMr~ b~ notiu d' G
mu+d, attempt to colktl w iuit p~nding; and tM full arrwunt of each ~nd tvery such payment ~hsll be~r interei~ frpn tM da~t tMr~pf until p~id ~t tht ~
rate of nin~ per centum per arnwm; a~d all said tosn, cFw~ ~nd eapenses inwrred a paid, topether with suth intKpt. ~hall b~ Ntured by tlr li~n o1 fhit !
mortp~p~. i
6. Th~t 1n the weM of any breach of this Matysg~ w deisvlt on th~ pan oi th~ AhORTGAGOR, w(b) in tM ~wM ~ny of ~aid svms of nwnty ~
hetein ref~rred W be nof p+omptly and f~lly paid within th~.ry t90) days ~ext after the same sewratty becomt due and payabl~, withoW dem~nd or notiq,
w W(n t!w event each +nd ~very ~he stipulatio~s, sgraements, cond~t~o»s ~nd covenanb of said pomiuory note and th~s morpp~ ~ny or ~itMr us nol
iuy, pomptly and fully perfamed, d~xharged, execwad, effeaed, completed, compl~ed whh and ab':ded Sy. then in ~ither a any wch ~wro tM s~id a¢ :
pregatt sum ment'aned in said promisswy note then remaining unpaid, witF, imerest acuued, ~nd all mo~ays s~tvrtd het~by, shall baca~N dw u~d pay.
able fathwith, a thereaf~er, ~t the op~;on of said MQRTGAGEE, ss fuily +nd compleiely ai if •11 of the said wms of money vw~~ aipin~llY Nipul~ted ~
to be paid on suth day, anythiny in sa:d prornissay note a un ~h:s Malgage to the cont.ary notwiths4ndi~g: ~d NNxeupp~ p therNft~ ~t fh~ option of
~aid MORTGAGEE, without notice or demand, suit at law or in puity, therefo~e or tl?erea(ter beg~n, may bt proa~pif~d p 1f dl mayy~ s~tynd hsnby
hed matwed prwr Io iri institurion. •
7. TMt in the event that et the beginning of a st any time pt~dinp any wit upon Ihss N1wf~p~, or to fpKlos~ N, or b n/onn N, or fo ~n{wp
payment of any da~ms hereunder, said MORTGAGEE shatl apply to the Court having jw~sd~a~on thereot tw the ~ppopm.e~lt'of ~ R~iver, weh Coun sh~ll
forthwith ~p~wint a receiver of said mw~9aged property all and singut~r, includ~ng all a~d sinyular IhA irt'tpns. prbfils. jswes ~nd r~venws 1~om wMfev~r j
wuru derived, eath and every of which, it being e:preasly understood, is hereby mor~gaged as if specifiully ~et fwth and deKribed In t!N yrantin0 aod
habendum tlavses he~eof, ~nd ~uch Receiver shsl~ Mve all the broad and eftecrive funcnons and powers i~ anywise entrusted by a Court to a Receiver, ~nd "
wch appointment shall be made by ~uch Court as an admined equity and a ma~ter of absolute rigA! ro said MORTGAGEE, and withow nference to tM i
edequaty w in~deqwcy of 1M vatue of ~he pro{xrry mortgaged or ro the sowency w inso~vency of said MORiGAGOR w the defendanq, and tFut such :
ren~s, profiq. income, iuues ~nd ~evenues shall bs appiied by such Receivcr accading to ths lie~ or equity of ~aid MORTGAGEE ~nd the p~atticR of such j
CovA. ~
8. To duly, promptly and (ully perlo~m, dixharge, execute, ef(ect, complete, comply with and ~bide by e~ch u~d tvery ths stip~lations, apreemsnts, ~
conditions and tovenants in said promissory note and fhis mortgage set fwth. F
9. That i~ the event the ow~ership of the mortgaged prcm;us, or any part thcreof, becomd vetted In • psrfon ofher than the AIWRTGAGOR, th~ ~
MORTGAGEE, its success~s ~nd auigns, may, wi~hou~ notice to the MORTGAOR, de+l with such succeuw p wccessor in interest wi~h re(aence b this ~
mortgage and the debt hereby sacured in the same manner p with Mwtgapa withovt in u~y way vitiatiny or dixFwrginp thi Mwtyayors' liabilify htr?
under or upon the debt hcreby secured. No sale oi the prem~ses hereby mwtgaged end no fwbearanoe on the pan of tM MORTGAGEE w id waesso~s
w assigns and no exrens;on of the time for the payment of the debt he.eby secured given by 1F~e MpRTGAGEE o? iri axoesson w auiprq, sha11 op~r~t~ '
ro re!ea:', d~scharye, modify chanps or ~fiect the orig~nal liah~liry of the MORTGAGOR henin, ~ithp in whde a In p~rt. ~
10. It is s~~iKauy agreed that teme• is of the essence bf this conhact snd that no walver oi ~ny obligatiw~ Mr~unde? p of th~ pblt4~~ip~ se. ~
cured hereby shall at any time thereafter be held to be • waiver of the terms Mreof or of the inslr~mem secured herby,
11. In add~tio.~ to the fwego'rx~ monthly paymenrs of princ'pal and interest rcquired by the promiuory note secured hereby, mwfgagor covenan?s j
and agrees to pay to mongagee with each monrhly payment an addieional sum estimated by mortgagee to be eqwl to 1/12 of the amual cost of the follow- ;
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A-All real property taaes kv~ed or assessed agafose the above desc.ibed real estate. ;
B-Premiums on fire and wiixlstorm insure~ce as F~e~ein ~equ~red to be canied on the improvemenri situate o~ the above described prorti~sq, ~
C-Premiums on such mortgage guaranty insurar~ce as mortgagee shall from time to time deem fit to carry on fhe loan setured hereby. j
Mortgsgee shall from t~me to ~ime notify mortgagor in w~iting of the amount due and paysbk hereunder and such wm shall thereupon be due ~nd ;
payable on tFx due date of ~he next monthly payment and each successive month thereafter ur.tit mortgsg~e sh~11 notify mortgagor of a thang~ in wch ~
amouM. Suth sums shall be applied by mortgagee toward Ihc payment of real property tsxes, insurante ptem:ums, ~nd morigaye ywranfy inwrance
premium~. _ ~
IN WITNESS WHEREOF, the said MORTGAGOR has hereunto set his hand ~nd se~l the day ~nd ye~t fi t~fwesaid.
Signed. Sealed and delivered i~ the presence of: ~
- fIL~O y?M8 f.ECDRi1bD
/j • :ST_LUCI~ CGUiiiTAf ~ ~
i - ROGE~ P'I'.'R~ ~ h i
; c~ER!. :::ttC~R~~ n :
RECO~: JE•. i~'D n #
;
i STATE OF FIORIDA 9~~~~~ ~
~ couNn oF St. L11a18 ~ 31'7~'73
~ Befwe me p~nonally appesred Laurel E. Medden
i N8Y1Cy Madden his wNe, to ms well kiawn and known b ms to b~ ~
~ the individwls described in and who executed the for instrument, ~nd acknowl i
i ~9~ eclyed befon me that they ~x~cuted tbe sarr» fw the Pu?Possa
i ~t,ercin exp.essed. a,d rt~e saia ~i n~!~A,~, 1?~ladden s
,N~re of the „~d - - Lalu~el 1_+'•. IrLdden ~ ~ ~
~ examin~tan by me taken sepa?ate and apart from he? ssid husband, ukrawledged ro snd before rtK th~t shs exatuted said iratr~ment freely ~nd volvn~
I ra~ily and without ~ny compulsion, constraint, sppre i~pr fesr of w from her said Iwsband.
' WITNE55 my Mnd and official sesl tbi day of A. D. 19___{_~
i
' - Notsry Publit in St~t~ of florida at lar~
~ My Comm~uion ex ' es:
Retum To: ' '
Fint Federal Savings 3 Loan Aasuciation Nolary Pvblic, SMM of iTorida o1 Lerg~
_O! fort V~erce. k!Y Coawnission Ex9eres July T2, 1977
'i Fort Pierce. Florida bY Aeoericoe f:nt a. Caivaltr 4 °
I
' ~ ~ €
~ • _ ,•`•~.2^a' y ••'i
This Instrument Prepared By Robert A. SKiaher Jr. ~
~ First Federol Savings b Loan Association ~ ' ~ ~ ~ '
i ~ .
f Fort Pierce~ Floride 331{.50 - ;
Checked 0 R _ ~ " ~ I'~
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