HomeMy WebLinkAbout2689 S. To plan and con~i~~ovsly kNp on th~ buildirps now o~ Fw~ahK ~iw~t~ on a+id la~d ~nd o~ dl ~q~ipin~M and p~rson~lly tovtnd by thi~ mort~
+p~, with ~11 pr~mivms ~he~eoo pa~d in full, (u~ iruwux~ in ~M uswl ~~andud policy form, tn • swn approwd by tM MORTWIGEE. a~d winibtam
Iiaw~nc~ in tM ~~wl ~~u~dard pol~cy fam, in • wm approv~d by ~M MORRMCsEE. in wch cornpM+y o~ oon+paniN a tM MORTGAGEE may
dk~cy ~nd ~II fin ~nd w~nd~w~m tnwr~na polki~~ a+ ~ny of a7d bvild~ ~ny tnN~a~ ~hKNn~pr p~rt thu~of, in tM pprpaq wm afa~said or
tn u~aN ~M.wf, ~MII cont~in ~h~ wwl s~anda~d mort9yN claus~ o. wch ah~. clws~ w tM Mat~s~ maY nqu~n. n++kinp M» Iw~ v~d~r s+~d polE
• ciN, ~acA ud ~vKy. paYabl~ w said MORTGAGEE ~s iu inq.~at m~y app~a. and ~ch and way wch policy ahall b~ pra~lp as:yn~d ~nd d~livN~d W
«+r h.k1 by Nw MoatG~GEE ~s tu:+~ ~eaHi~y to aid mor~psp~ d~W. aed, ~ot I~u tMn qn (10) d~ys tn advaou ot tM ~xp'vation of Nch poNcy. ~o dr
Iiw~ ~o ~id MORTGAGEE ~~~+»wal tMnof, ropett~ wlth ~ ~ecapt fw ~M pnmiwn of svch r~ew~lj u~d ~M~~ sMll b~ no fin a wit?dstam kawu~u
pl~ud on ~ny of Nid bulldinps, any inter~st thK~in a pan Mawf, ~?nl~u in th~ form and wi~h tM lou payabM u~fo.euid~ and In tM ~vMt ~ny sun+
of mon~y b~can~~ pay+bt~ v~ wch policy or polici~s aid MORTGAGEE shall haw tFw optan w no~iv~ and ~pplr tM ~ on acooum o~ ~M M+d~bt~
e»sf wcv?~d Iw~by a w pe~mit said MORTGAGORS 1o naiw wd usr r. any part ~herwf fw other purposa, without ther~b~ w~ivinp o~ ~mp~in
Inp anY pv~~y. iiM w riqhi uad~. w by vi~tw of this masp.pp ~nd Io tM ~wm said MORTGAGORS ~hall fa ~ny ~Nwn f~il ro kMp th~ aid p~smtses a
Inwr~d. a bIl b d~livK promptly ~~y of said polici~s of irawa~u 10 ~aid MORTG/?GEE, or fail promptly fo pay fully ~~y pnmiwn tM~efor w In anr
r~~p~tf fail b pNfwn~, ditclNr~. ~xtcuN. ~ffM. tompNt~, tamply witA MM! abid~ by thia tov~nant. or a~y part F?Kwf. s+ld JMORTGAGEE m~y pl~ ~nd
par fw wch Irowanc~ o~ any p+n tMreoi withart wahrinp a~ffMinp ~ny op~ion, li~n, pv~~y. w ripht vndM a by virtw of thi~ Mo~9ape, and the
. full ~reaw~t of each and ~wry such paym~nt d?~II b~ imm~dtately du~ and payabb ~ed shall b~ar Int~eett from tM dat~ Nwrwf unt~ paid ~t tM ~~h ol
niM pN cMtum per amwm and rope~he~ with such i~te.e~t ihall b~ secund by tM Il~n of this matpp~.
1. To pNmlt, commit o? suffa no wuN, Mnpairmtnt o~ detKior~tiw~ of wid propKt~? or any part tMrwf.
S. To pay all ~nd sinpul~r tM coatti ch~r~s ~nd ~xpaue~. ind~d'~np a«+sonabM ~ttorn~y'~ fN and aosts of absfracri of titl~, fncuned p paid a~
~ny tim~ by ~aid MORTGAGEE, b~cavs~ a in tM ~wnt of tM t~ilw~ o~ tFN pa~t of tl+~ uid MORTGAGOR to duly. pompUy and fully pKf«ni, d~alwp~
•xecuq. ~ffM. wmpl~t~. comply w~~h and ab~d. by .ach .nd wNy rM ~~ipulaans, pream.n~s, conditior~ and oownann oi s.id promiawy na• and ~hn
^art9+p~ uiy a ei~F~. and a~d coses. chuq~s uK! txpaws, each and wKy, shdl b~ imrn~diatelp dw and pay~bl~r wM~Mr or na tMn be rwtiu d~
mu~d, ~thmpt to collact or wh p~ed~rgt ~nd tM full anaw+t of e~ch and ewry wch p~Yma+1 sha!1 bN~ Mt~nst f~an IM o+N tMrwf w?NI p~id ~t tM
~ate of nirN per ~ntum pa a~+um; and dl said oosts, char~s and exp~nsts incurrd w paid, 1op~t1~ with such int~nsl, sMll b~ Nwrd br tlr li~n of tlw
mortya~w
6. 1Mt in tM ~wnt of any breach of thTs Mort9ay~ or ciafwlt on tM part oi ths MORTGAGOR, w(b) in th~ w~?t ~ny of wid swm of mon~y
hsrein nfernd ro M nW promptly and (ully paid within tA'a1y (30) day~ next after tM same sewratty b~tam dw and p~yabb. withoW damand w notics. ,
or (eJ M tM ~vtnt ~aeh uid way tM itipulatian, ~gr~msnri. w~ditiwu and eov~e?~nta of a~d promitsory not~ ~nd th~s matpap~ any w~itha an nol i
iulY. prompty and fu11Y p~rform~d, duclMrQed, ~x~cvhd, eff~aed, oompl~ted, complied with u+d abided by. th~n h ~ithK a any wch ~wnt tM s~id p~ I
prey~M sum m~ntion~d in said promissary not~ the~ rem~inirg unpaid. with Y1iNQf1 KUUld~ alfd all n+a+eys wcv~ed Mnby, shall b~aarw dw and pay~
sbb fathwith, w tM?~afta~, ~t th~ option of said MORTGAGEE, ~s fully ~~d completely ai ii •II of tfis wid sixns of mo~yt wN~ aipinNly stipulated ;
ro bs psid on wch day. anythirg in is~d promiasory oo» a in ~hi~ M«?pa~e ro th~ conrrary norw~~hsr.ndinpj u+d rM.~vpon q? thK~aha ~t ?h~ op~ion of ~
snid MORTGAGEE, without notiu o? d~mand, wit at law or in puity 1IINlfOff 01 1IMfHftN bepw~, may b~ prwecvt~d q, if rl~ i~w~yt s~cvr~ F~u~by
had matw~d priOr lo ita ieqtitution. ~
7. 1Mt in th~ wMt tMt at the begi~n'ug of or at u~y tim~ pendirg any wit upon this Mortyap~, a to faeclot~ h, or to nfono M, w M Mfora -
payment of any claims Mrwnder. ~sid MORTGAGEE shaU ~pply to tM Court hsving jurisdittion thereof fw th~ appointm~nt of a R~piw~, wch Court aMll
Fwthwith appoint a raceiw~ of said mwtyayed prope~ty all ud sinpvlar; inctud~rg all and iinpula? tAe incom~. protits, ifsw~ and nv~nws from whaf~vsr
wurn daivsd. ~ach and every of which, it beir?p expreuly und~rseood. is her~by rra.t9aged ~s if spec;fically kt forth ~nd dsarib~d in th~ 9r~otinp and
hsbendum clav~s hereof. and svch Receiver shall have ~11 ths b~oad ~nd effectiw fw+cta~s and powcn in ~nywis~ enhv~t~d by a Court fo ~ R~uiva. and
•~ch eppointment shall bs msde by wch Court as sn ~dmined equiry a~d a nyner of ~bsdvta riyht to s~id MORTGAGEE, snd withovt refe«np ro tM
~dequscy a in~deqvacy of the v~lue of the properfy mwtys~ed or to the whency or inwlvency of said MORTGAGOR p tM d~fendants, u~d iMt such ~
rents, profits, incoms, istues and r:van~es sh~ll be applted by suth ReceivK accwdin~ to tM lien or ~a~iry of ~aid N10RTGAGEE and tFw pr~ctio~ of such
Court.
8. To duly, promptty ~nd fuly perfwm, d'achary~, tx~evte, eNcct, complete, oomply with and ~bid~ by ~ch ~nd ~wry th~ stipulatio~s, apreements,
conditions and covenant~ in said p~omiasory note ~nd this mor)~a~ set forth.
9. That in tM event the ownenhip of tfie mortgayed premi~as, or ~ny part thereof, becorrKS wihd in a penon"oth~r th~n the MORTGAGOR, ths
MORTC,AGEE, its succes~prs and ~uigns, may, wirlwut e+o~ice to ~he MORTGAOR, deal wifh such suaessor a sucussor 6+ interest with referMCe to this
mort9a~ ~nd tFw debt hereby secured in the sams manner as with IAortgayw withow in any way vitiatiny w discharp'~np th~ Nbrtp~Qors' Il~bility fisr~-
vnder or upon the debt hereby secwed. No s~l~ of the premises hercby mortpay~d and no forbeuanc~ on tM part of tM MORTGAGEE or Fri suocessors
w~ssigro +nd no txtension of the rime iw the payment of the debt hereby iecured yiven by the MORTGAGEE w itt ~ucaawn or astipns, shdl opKat~
ro release, di~cF?up~. modify chanye or ~ffect th~ oriyinal li~bility of tM AhORiGAGOR ha~i~, eitiwr in whol~ ot b pvt.
10. It b specifiully ~rced th~t time is of the euenc~ of this contract and thst no w~iwr of any obl~y~tlon herwnder ar of tM oblipation sr
cured h~rebp sha~l at ~ny time thete~fter be luld fo be ~ wa;r~r of tM terms herwf ar of the irotrum~nt secw~d he~by.
i!. In addition to the (aego:ng monthly payments of princ:pal and interest required by the promissory note ~ecurtd M~tby, mort~apor cownsnri
and agrees to p~y to mortgsgee with each monthly payment an addi~ional sum estimated by mortgayee to b~ equat to 1/12 of the annwl cost of the follow-
irg:
A-Al! real property ta~ces bvicd w auessed ayainst the above desa~ed real estat~.
B-Premiums on fire and windstwm insurar.ce as herein requ~red to be urried on tl~e improvemenh sitvate on ihe above dewibed premises.
C-Premi~ms on such mortgage gwranty inwrer,ce u mwtgagee shall from turx to time deem fit fo urry on the loao setured htreby.
Mo.toaoee ahall from time to t~me notify mwtgagor in writ~ng of the amount due and psyabk hereunda~ uid wd+ wm shall therwpon be due and
payable on ths due date of the ne:t monthty payment and each successiw month thercaher ur.tH morty~ya~ sh~ll notify mortysQw of a chanp~ in such
amount. Such sums shall be apptied by mortyagee toward the payment of resl property f~xes. insvr~nce premiwos, and mortyap~ ~wranty inwnnce
premi~rtlt.
IN WITNESS WHEREOF, the wid MORTGAGOR has hereunto set his hsnd a~d seal fhe da ~nd ye~r fi t afaaaid.
Siprnd, S~aled and delivered in the presence of: _
' Ff~fo nK~ f.fc4~DE4 . ~
' ST.tU~,s= GvuMTY fL~- , r
,,.~a ~mT~lAS ' n
fi~• .
~~4.~-~"~ CLE'~K G: :y..;i COURT • ~
' ecrn~ 'aE~::`+~~' a r c a . r ge
~ STATE OF FLORIDA ~ 9 13 ~i'~~
( courm oF St. Lucis ~ a~~~~.~6
e.fae p...o~uy , uea I. E. Estridge, III, .~a f
l~atricia C. Estridge h~ wii~, w~,. ~n t~, .~d k~o~? ~o ~o ,
rhe individwb dewibed in and who ~aecuted ths fw~ou~p ~n {trum~nt, and acknowledyed b~fon me that tMy ~xscutsd the ssrtw fw ti» purpwes ~
rherein .xp.euad. Md rhs s.:d Pat2"i.eia C. @;3Lr1(7Q;e
wife of ~ s+id - I. E. Estridge, III~ .~rpor~ a s~~it~ ~nd ~v~s~
e:aminstan by me pken separate and apsrt from ha said husband, adcnowtsdped to and before ms th~t a!» ~xecut~d said irot?urMnt frNly ~nd volwr
rarily and withovt any compulsion, constraiM, ~ppreFxnsion, or f~ar of w from her s~id Iwsband.
° WRNE55 my h~nd ~od official seal thi• ~-5th d~y ~ September, . q, D. 19 7r
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r~ ~ 'y. .r
Nobry Pvblic in for tlw Stat~ of ~F~w1~ by~.
~ My Comrnission txpir~s: , • ' . .'-51 j
~ Return To: - ~ ' r ! - 7~ ~ , a =
~ Fint f~d~ral Savi~s 3 loan Association _ . f ~ ~
~ Of Fort Pferce. ? ~3 ' _ : _
~ Fort Pierce. Florids - . - _
1 _ ^ • . t .
1 ' ~ -'~~'~t
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~ This Instrument Prepared By E. Brgun , <
First Federal Savings b Loan Association
~ .Qf Fort Pierce~ Florida -
~ Checked y 0 R
~ooK z43 PACf zss~
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