HomeMy WebLinkAbout2691 3. To pl~u u~d contin~ovsFy ke~p on ~M buildinp~ ~?ow W FN~NItN MfV~q Orl ~1ifl IN~ ~nd OI~ ~I{ lqYIp~MAt ~nd ppiOMlly ppVH1~I Ily tAla 111pf1~
~p~, wi~h dl pnmtwm thHwn pa~d in full, fin insu~~nc~ in the uiwl a~~dard policy ivrm, M a sum app~owd by t!r MORTG/1GEE. ~nd wind~tam
YawN+c~ In tM wwl sia~dard policy fwm, in ~ wm ~pp~ov~d by tM MORTGAGEE. {n wch oomp~ny o~ cornpaniN a tM MORTGAGEE mar
dlnctj aed alt fin ~nd wi~d~wrm inwrar~ policies on any of u~d bvildinp~ ~ny iM~~at tFwNn w put tM+~of, in tl» app.p~e~ wm afa~id a
In ~aa therwi, sAall conuin tl?~ uwd su++dud mw~qpN cl+uw a wch otF~ dwN a tM Matp+pM m+Y ~Wvin. makinp ti?~ low w~J~r ~a~d po1F
c1a. ~ad~ and w~ry. paYabl~ w s~id N10RTGAGEE ~s iu inter~q may app~ar, ard ~ach a+d ~vNy such polky ~MII b~ p~anplly ass.pMd and d~livKtd ro
~nr Mld by ~aid MORTGAGEE ~s fwthK s~cwity to sa~d mort~aQ~ dtbt, ~nd, na Mu ~Mn t~n (10) day~ in ~dvanc~ of tM acpt.~tion of Nch policy. w dr
liwr ro uid MORTGAGEE a rN+ewal tMrwf, ~op~dw~ with • rec~ipt for the p~mlwn ol wch r~wdt and thK~ shall b~ no f'u~ w wl~di~wm intwanc~
plaad on any of aW build~nps, ~or Inte.~st thK~i~+ w pa~t ~hs.eof, unku ie ~M fwm •nd wi~h d+. los. paybl. a ~faaa~ and tn rM ~wnf ~ey wm
of nweNy b~ea~»s par~bl~ w+dM wd~ polky or poliei~s Nid lNORTGAGEE thall h~v~ tM option to ~~eeiw +nd ~ppfy tM sam~ on ~oeount ol tl» ind~bt~
rku Ncw~d haeby a a permit wid MORTGAGORS 1o rsceiw ~nd v~ N or ~ny p»t th~~~of fa other pwpw~s, withow tM.eb~ waivinp a impai~-
inp anY puity, li~n or rip}U w~d~~ o~ by vk~w of tbh mortp+p~t and in tM ~wn~ uid MORTGAGORS ahall fa wryr nason fail to kNp tM wid pnmi~ w +
In~wed. a f~lt b d~tiver promptly u?y of Nid polici~s of kuwu~a ~o s~id MORTGAGEE, w fail promptly to paY fully ~ny pr~miw~ tMnfw o? In arqr
' rrap~c~ f~Il b pKforrn, duhug~. ex~q. ~ff~ct, compl~ts. comj?ly wirh and abid~ by thM cow~+ant, a ~ny p+rt hKwf. s~id MORTGAGEE may plic~ ~rd
pay fa uxh Intv?anu or ~ny part tlxreof without w~ivinp w~ff~cttnp any op~ion, li~n, puity. a ripht vndsr a by vir~w of thls Morp+p~. ~ed tM
full amamt of tsth and every wch payment shall b~ imm~di~tely dw and payabb ~nd sMil be~r intKe~t fran th~ dab therwf ~ntll paid ~t tM ~~N ot
nirn pN cantum pN ~nnum and topNl+e~ with wch int~resl shall bs aecu~ed by th~ li~n of this mwtpa~~.
To p~rmit, cnmmit or suffer no wa~t~, impsirmsnt w det~rio?~tian of said property or ~ny put tM.~of. ~
~
S. To pay ~11 ww! sirp~lar tl» oost~, chup~s and ~xpNws, indudinp a nawr?~bl~ anom~y's fN and oosts of abatracts of titl~. Mrcumd w p~id ~t
~ny tim~ by wid MORTGAGfE, b~cause w M tl» ~vtnt of 1!w iail~rs on tl+e p+~ of tM s~W MORTGAGOR b duly, promptly ~nd fully pNfwin, dach+rq~
execut~. ~(f~ct. eompkn, comply wi~h and ab;d~ by each ~nd wery tM ~tipulat~ona, ~preunents, co~litiora. ~nd townanb of s~W promissory nob ~nd th4 _
mortyap~ any or ~ithK. ~nd said coats, chuye~ and ~xp~ns~s. each ~nd ~wry. slwll b~ immediatsly dw and pay~bl~s wl»thtr a not tM~~ b~ nmia d?
~++~d +ttempt ~o oollect a wit pend~rp~ ~nd tha full amount o( exh and every wch paym~et shatl b~ar intKett (rom tM daq therwf untit paid ~t t1w
r~te of n:n~ pK c~ntum per uuwm; ~nd all said costs, charpss er~d expenses inaured w paid. WpNhe~ with wch inttrqt. ah~ll b~ s~cw~d by th~ li~n of thy ~
'no~p~p~, .
6. iM1 in tM ~v~e?t of ~ny bre+ch of this Mortgay~ or default on tht p+?t of the MORTGAGOR, or (b) in tM w~~t any of s~id sumt of rrwn~y
her~in nfe.r~d ro b~ nw p.omptly snd fully p~id wi~hin th~rty (30f days ne~c~ af~e. the sern~ ~vK~t1y becom~ dw and p~yabl~. without dem~nd a notKS.
or (c~ G~ th~ ~wm ~ach and ~wry tM itipulatan~, sgr~ements. co~ditaro ~nd cov~nsnb of sa~d promissory not~ ad this morpap~ any w~itha ~r~ no1
iuh, prompty s~d fulH p~rformed, d~schar~ed. ~~ecuad, effected, compl~ted. complied wifh +nd ab~ded by. tlw~ in eitlwr or any sixh ~wnt tM said p~
preyat~ sum meoYansd in s~id promiuory note then remaininp unpaid. witi~ inttrest ~cuued, and all moi»ys secvr~d hK~by. sh~ll Meom~ dw and pay~
abl~ forthwitFy p tMr~aha, at th~ option of said MORTGAGEE, u fully and comple~ely u N all of the ~aW wms of morNy vwr~ aqiewlly stip~l~ted
to b~ paid on such day, anythiny in said p~omissory note w in thb Mort9a~e fo tM tontrary nWwithst~ndirq~ and 1Mnupon w/her~ahK N th~ option of
•aid MORTGAGEE, witlaut notic~ a dernand, svit at law or in puity, th~re(on w thereafter bp~n, m~y bt prw~cut~d a~ lf all mon~s Ncw~d Mnby
h+d m.rw.d prar ro~n tn.nw~~on. .
7. Tiut in th~ ~vent tMt ~t rhe beginn~rg of or ~t any ti,n~ pendirg ~ny wit ~pon this Mort~ay~, or to fancloN h, o~ b nfonn B, o? b a?forp i'
payenent of aMr daims Mreu~der. s~id N10RTGAGEE shall spply to the Cov.t Mvirg jurisd7ctio~ thereof for th~ ~ppoimm~nt of a R~celwr. wch Court th~ll i
fwfhwirh ~ppeint ~ npive~ of uid mortp~ged property all ~nd sinpul~r, includ~rg all and si~gvla. th~ inconw, profiri, issues and r~v~nwa from what~r~t !
wwa derived. ~ch ud ~very of which, it bcinp expreuly ~r~d~rstood, it hereby erwrtg~ged ss if apecifiutly s~t forth ~nd dMCrib~d {n tM Qrantinp and ~
hab~nd~~n d~vses Mreof, u~d such Rauiva shall have sll tfw broad and ~ffecriw f~nct~on~ and pow~rs in a~?ywiis ~mr~sted by a Cow1 to • Recsivp. ~nd
•uth appoiniment sh~ll ba made by suth Cou?1 u an ~dmined equity and a matq? oi absolvte riyht to s~ld MORTGACn:, ~nd without ~~fe~enq w tM
adequscy or inadequacy oi tM v~lu~ of the propaty mortyaped or to the sonre~+cy a inwlrency of s~id MORTGAGOR or th~ d~fend~~ts, and that such ~
rems, profih, income, iuues and rerenues shall be applied by wch Receiver accordi~ to the lien or equity of said MORTGAGEE and tM practia of such
CouA.
8. To d~ly, promptly and (ully perfwm, d~scha~g~, execute, effect, cwrplet~ comply with snd ab~ by wch u+d ~wry tM atipulatio~n„ apre~ments,
conditions and covenants in said promissory note and this mortgsge xt fath.
9. Th~t in the eve~t the owne~ship o~ the mortgaped p~emixa, a sny puf thereof, becomes vesttd h~ a p~non otM~ tMn fhe MORTGAGOR, th~
MORTGAGE£, in wcceuwa and auipns, may, without notite to the MORTGAOR, ds~l with svch succeawt w svec~swt in intertst with r~terenc~ Io thb
morty~ge and the debt hereby sacured in tM samt ma~ner as with Mortgagor wi~hout in ~ny . way vitiat&g w distF~u~inp tIM Mott9apors' (Isbitity t»~
under or upon rhe dcb~ hereby secured. No ssle of ~he prem~ses hereby mortgap~d ~nd oo fpbtar~nce on th~ pah of th~ MORTGAGEE or ib wooeswn
or +ugro and no extensan of the t~me fa. ths payment of the debt hereby sacurd 9iven by tl+s MORTGAGEE a~ its wca~ssors or assipm„ shall opuat~
ro releass, dixMrpe, modifp chang~ a affeu ths odginal liabitity of ths MORTGAGOR hasir4 ~itha in whob or io part. .
10. It b specificatly agreed that time is of the essence of this contrsct and thN no w~ivK of ~eryr obl'g~Yw~ htre~d~r p of tM obliyation N-
cvred hsteby shall at any fime thercafter be held to be s waiver of the terms hereof or of ihe iratrument secwed harby.
11. In sdd~tion to iFx forego:ng monthly payments of princ'pal and interest reqvired by the promis~ory note secured hereby, motlQ~por tow~ants
and agrees to pay_to mortya9ee with each momhty payrnent an add~~ional sum est~mated by mwtgsgee to be eq~al ro 1/12 of the annwl cott of the follow-
ing: ~
A-All reat property taxes kv~ed or auessed against the above descnbed real esute_ ~
B-Premivms on fire and windstorm insurance as he?e~n requ~red to be carried on the improvements iituate on tM ~bove descr~ed premises. - ;
C-Premiums on wch mortqaqs gwranty insurar,ce as mwtgagee shall fiom Yime to time dee~n fd to urry on the loan secvred h~reby.
Nlortgsgee slw1l fian tkne to t~me ra~~fy mortgspor in writing of the amount due ~id p~yable heravnder ard such wm shsll therwpon bs due ~nd
payabk ~on the dw date of rhe next monthfy payment and each successive month thereafter until mortqa9ee shall notify morty~gw of s chanp~ In wch
amount. Such sums shall be spplied by mortgagee towa~d the payment of real piooerry taxes, iruwance prem:vms, snd mwtyaps 9wranty inwranc~
premiums.
IN WITNE55 WHEREOF, the said MORTGAGOR I~as herevnto set his hind and seal the da~ year fvst aforesaid.
Sip~ed, Sealed and delivered in th~ pres~nce ofi ~
Fr~o s~~ ~~co~e~o l,~G n
; ~ fT. Eu~aL eoUMTr fLA. pennis O. B uckley
E . RO~f f~ %u°iRAS ~
CI~Rs C ?;u:' COURT ~
~ AF~;,: -~r: -~=~~C ose M. uc ey
E
~ STATE OF FLORIDA 1 y 9 13 ~1, ~ ~y
~SS' , I
~ Cou?~rnr oF St . Luc 3 e i
8~fw~ me p~rsonally sppeared DE11111S U. B t1G~@V ~ {
Itose M. Bucklev M, M,;f., t, nN r„~~~ krawn ,nd k,ww~, to nro to b~ ~
rhe individwls deuribed in and who executed the forepoinp i~strum~nt, and ackrww;ed~ed before ms that tMy ~x~cuhd the sana fw tF~e pwpos~s
therein exprested. And the sa~d ztn~~M_ R~v~klav ~
wife of ths ssid (]P_[iflie n= Rurl[1~Y upo~ • Mp~rab ~od privaN ~
e:am'uwtio~ by me taken sepa.ate snd apart from her asid husbsnd, ackrawled~ed to and before m~ tMt ahe ex~cvted said irotrvmeM f~uly and vdun-
rarily and w~thout ~ny compulsion, constra~nt, ~pprehens~' eu~ of or from he? said husband.
WITNESS my haod and offkial seal this daY ~ A. D. 191~_
s`
~ Nobry P~blic • for th~ Sut~ of Florid~ at Lup~
3 . My Commiu' expires:
- Return To: ~
; Fint feder~) Savings 3 loao Aiwciation t::. - , S'~ ~ . . . _ f'. ~ ~
~ Of Fo~t Pierce. ^ t~', _ , . _ ' ~ _ ' , . . " 1
~
~ Fort Pierce. Florida 6....~.;i . . .r.:,..•r~ Gv.
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~ - ~
~ This Instrument Prepared By Gary F. Ellwood .
~ First Federal Savings 8 Loan Association " .
~ ~
~ of Fort Pierce, Rlorida - - ~ ~ ~ -
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~ Checked 0 R - f' : _ .
go~K 243 P~269~. ~ ~
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