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HomeMy WebLinkAbout2504 To plx~ and cor+tinuouily ke~p on ~h~ bu~!dinps now w Mr~~her sitwt~ on i~id I~nd ~nd oe+ ~11 equipm~nt ~nd ptrwn~lly cove~~d by this mort~ p~, wilh ~1) pr~mivm~ Ihereon pa~d ~n iutl, fin in~~rant~ in IM v~ual ~tandard policy form. (n • sum ~pprov~d by th~ MORiGAGEE. ~nd wi~dsto~m iesw~nc~ in iM wwl ~~andard poGcy fam. In ~ wm ~pprov~d by 1M MORTGAGEE, (n ~uch comp~r?y o~ cornp~eit~ u 1M MORTGAGEE may ~,3 dinct~ N+d all !w~ ~nd windNOrm insuranc~ policis~ on ~ny of Hid bViWinp~, My MfN~fl (I~Nli~1 Of pNi iM/WI, G+ ~h~ pprep~~~ su~+ aforesaid a ~ in ucc~ss ~M+wf, ~hall conuin ~M uwal sundud ma~p+pk c1~~N o~ such al+« cl•uw a~M Mor~papN m~y rpv~n. makirp ~h~ 1os~ vndtr ~a~d polF ~t ci~t. Nch and ~vtry. paYabf~ ro sa~d MORTGAGEE ~s ib intarpt msY spp~ar. and ~ecb +~nd tw~Y wd+ policy sMll b~ prompUY ~.9^~d ~^d d~livK~d q;',i; any held by ~aid MORiGAGEE (ur~hsr iecurity to said matpp~ d~bt, and, rat ka tFwn 1~n (10) d~ys in ~dvanc~ of tM ~xpNalan ol Nch policy, to d~- i~ ~ IivM to uid MORTGAGEE a r~new~l tMrwf, ~oq~tlwr witA a nuipt fa tM pnmium oi wch r~n~walp and tM~~ ~II b~ no fir~ w windstwrn inwr~na F plaud on ~ny oi aid buildinps, ~~y i~~er~s1 thtr~in w par~ th~rwi, ~nleu in tM fam and with tM bss payabl~ as afor~saidj u~d In tM ~v~nt any ~wn of morwy b~corrws payabl~ undN such pollcy w policiy aid AAORTGAGEE ~hall haw ~M opt~on to nceiv~ ~nd ~pply th~ ~ on accouat of ~h~ indeb~ed~ rKU sKUred Mrtby a ro petmit aid 1NORTGAGORS to rtceiw and us~ it a any put th~r~of fa other pvrpo~es, witlqut thereb~ waivinq w~+psir- x+'.~ irg ~ny pu~ty, IiM w riph~ unde. or by virtw of thi~ mo:tyay~J a~+d in 1M twn~ said MORTGAGORS shall (a any rtawn f~i) to kNp tM uid prNnise~ w~~ insur~d, p fail ro deu~.. pramptly a~y of said policies of ieu~ranu to said MORTGAGEE, or fail promptly to pay fully ~ny premium the~efor w l~ a~y r~ipect (ail w pNiorm, discha?9~, execut~, ~ffect, compbt~, comply wi~h u~d abid~ by this oovaunt, a any put h~reof, aid MORTGAGEE may pl~c~ and ~ paY fa such inw~ancs a u+y put tMreof wi~hout waivinp w~Nactinp any option, lien, ~qvity, w ripht und~r a by virtw of this Mon9p~. and th~ full amoum of ~ach and ~vay wch paYment shall b~ iernedi~tely dw and p~y+bb and shsll bea~ inte~e~1 from ti» dat~ ~herwf until paid at tFN ran of nirw per cN?tum per anrwm and together with such in~e~est s}?aU ba secured by tM lien of this mwty~pe. 1. To permit, tawnit or suffer no waste. lmpai~ment ot deteriw~tion of said prop~?fy w any part tht~eof. j 5. To pay all ~nd ~i~pvlar the coits, cFurp~t and expenses, incl~di~p a reasonabl~ ~ttorn~y i fe~ and wsts of abttrac» of tltk, incw?~d a paid at E any time by wid MORTGAGEE, b~c~vse a in ~he ~vsn~ of tM (ailun oe ~M part of ~he said MORTGAGOR b dulY. promptiy and fully pafore~, disch~r~ ~ ~xecuts. e((ect. compkr~. comply with and ab:d~ by ~ach and every tM stipulatio.u. ~preeme~ts, conditions, u+d aown~nb of.a~id promiiwry not~ and thi~ s matyape any w ei~her. ~nd sa~d costs, chuyct and e~cper?ses, cach ~nd ~wry, sMll b~ immediately dw ~nd p~yabl~; wlK~Mr a not tMr~ b~ notice d~ mand, attempt to colkct w iuit pend~n~s ~nd IM full amounl of each and e+rery such paymem ~hatl bea interes~ from tM dat~ th~nof u~til paid at the rate of nine per cemum per annum; and all said cost~, char9es and expenses iacwrsd or paid, together w~th wch inqr~st, sfwlt b~ s~cur~d by tM lien of this mort~aye. . 6. That (s) in the event of any breach of this Mortys9~ w default on the pan of ths AM1ORTGAGOR, or (b) in the ~wnt ~ny of said s~ms of mon~y herein r~ferr~d to bs not promprly u+d fully paid within thirty (30) days next afeer the sarr~ severaliy betorr~e dw and payablt. wtthoul dem~nd w nci~te, or (c~ in ~h. •v.m each and every ~he •npul•+rons, ag~eemenn. conditions end covenants of ia~d promiswry note ~~d ~his mortp~ ~ny or ~itMr ~re nw iuly, promp~ly u+d fully perfwmed, d;scharged, executed, effected, completed. compi~ed with and abided by, tMn in ~ithar w ~ny svch ~wM tiw aid ap~ greyate wm memioned in said promissory note then rsmaining u~paid, with intereat acuued. ~nd all moneys aetured httsbY. sh~ll betom~ du~ and pay- able forthwith, or thereafter, at tM opr~on of said MORTGAGEE, as fully and completely a~ i( alt of the said wms of momy wer~ agin~lly s~ipul~tcd to be paid on such day, anything in sa~d prom~ssory note w in thb Matgage to 1he contrary notwithstsndirq; and ~lwrwpo~ w IhcnahN at tM option of said MORTGAGEE, w~?hout notKe o. demand, sui~ at law or in equity, fhcrefwe or thereaf~er beyun, may be prosecuted ss if ~II maKys s~aird h~reby had rr~swred prior to ~t~ ina~irvtion. . 7. That in the event that at the begi~ning of or at any timt pendiny any suit upon this Mortgsge, o~ fo foreclwe it, or to ntam it, w fo enforw psymcnt oF any claims hereunder, said MORTGAGEE shall apply to ~he Court having jurisd+ction thereof for the ~ppoie+tm~nt of ~ Receiva, such Cowf ilull forthwith appoint • receiver of said mortgaged property sll and singular, includ~r?g all u+d sinyutar the incoms, profib, isfws and nvenues ~rom wiutsvsr wurce derived, each and every of wh~ch, it bei~p expressly understood, is hereby rtwngsgsd as if spec~fically set fath +nd datribed i~ tM yrantin~ and habend~w++ clauses Aereof, and such Receiver shall have all the bwd and effective fllMtiOtq and powcrs in ~nyvvise entrwted by ~ Court to ~ Receiv~r, ~nd such appointme~t shall be msde by such Court as s~ admitted cqvity and e rr+atter of absolute ri9ht ta said MORTGACsEE, ~nd witAout refe~ence to tl+~ adequacy or ioadequacy of the value of the p.operry m«egaged or to the solvency w insotvency of aaid MORTGAGOR a the defenda~tt, ~nd fhat such rems, profits, income, iuues and revenues shatl be applied by such Receiver eccord~ng to the iien w eqvity of said MORTGAGEE and tM pr~ctiu of such Cowt. i 8. To du1y, promptly and fully perform, dixharge, execute, effect, complete, comply with and abide by each and ~very the stipulations, ayreements, ~ conditiorn and coveoanrs in said p?omissory ~ote and thii mortgage set fo.~h. : ~ 9. That in the event the ownenhip of the morlgsyed premises, a any part thereof, becomes vested i~ a perton othtr than the MORTGAGOR, 1M MORTGAGEE, ifs s~ccessws and sugns, may, w~thout notice to the MORTGAOR, de+l with •uch succeuor w successor in interesf wifh refcrence to this matgage and the debf hereby secured in the same manner a~ with Mortgagw w7thout i~ any way vitiatiny p distharpinp the Mortyigws' (iability hera under or upa+ the debt hereby secured. No tale of the Frem~ses he~eby mwtgaged and no iubear~nce on the pan of tM MORTGAGEE w its successws or asigns a~,d ~o extension of ~he t;rr~e fw tM payment of the debt herebr secwed ~iva~ by tM MORTGAGEE a iti a+copsots ~r auipns, shail ope~ats ro release, d~scharye, modify change or affect the olig~nal liibil~ty di the MORTGAGOR herein, eiihar in whole w ln put. 10. It is spec~fitally agreed that r~me is of ~he esser~ce ~of fh;s cootract snd thst no wsive? o~ eny obliysian hsrwrwle~ a of tM obliy~tion ~e- cured hare~r shell at any time ther~afier be held ~o be a htivet of "tl+~ tem~s 1Krwf a of the Initrunent seared I~eri~y. • 11. In eddn~on ro• the forego:ng anomhlY paYmer.b of prFnt pa1 and imeresl required by ` tM p.omiuory note se~ured hereby. morlysgor cova~~nts and sgrees to pay to mortgagee wi~h each monthly payment an add~rional sum est~mated by mortsagee to be equal to 1/12 of the annwl cost of the fdlow- ing: . A-All real property taxes levied o? assessed againat the above described resl eatate. , . { B-Premiums on fire artd viri~dstonn insurance as herein requ:rcd to be uniEd on the imprdvemenb ~sifvate on tl?e sbove deiuibed premises. C-Premiums o~ such mongage guaranty insurar.ce as mortgsgee shsll from lime to time deem fit to csrry on tF~e ban secwed hereby. Mortgagee s1+~11 from time lo tirne notify mbrtga9or In writifg O¢ th! A~nOUnt dU!'thd p~y~I! I~Wndtf Y~ tutlf ~tim shaN tl+erevpon be due and I'~ payable on the due date of tl~e r+ext monthly payment and each successive month thereaher uftil mortgagee shall notify mortgsgw of a change in sucl~ ~ amovnt. Svch sums shall be appiied by mwtgagee toward the payment of real p~operty taxes, iiuurance premiums, and rtwrtgaye gvar~nty iosurance i premiums. - I IN WITNE55 WHERfOF, the iaid MORTGAGOR has hereumo set his hand and seal the day e~r fint siwesaid. ~ Sgned. Se~kd and detivered in The ~ presence of: =C~RfiEO Fs~a ~?ti~: ~,;N ~r Fu. ~ ST. UlC''- , -RI~S ~ry ~ . F.o~~; . j Be nie T ames n ~ ^t : LOUR \ " ~ € ~ lexandria Tha~es ,~n STATE FLORIDA OC1 ~ 30 counmr oF St . Luc ie Befwe me personally appesred Bett11@ ~1alL@8 and Ale~candria ?haraes his wife, to me well krawn and known to me to b~ the individuab described in and wFw executed the for instrument, and acknowl r eyoinQ edged befwe me that they execvted the same for ths p~rpwes ~ therein ~x~.~~a. a,a ~a~ Alexandria Thames w~re ot ~h. ,.~d gernie Thacaes y.. ~ ,~,~j ~ examinarion by me taken uparote and apart from her said husbind, sckiwwledged ro and befwe me that slw executed s~id, e4~~1~?; ~d vdurr rarity and w~thout any compulsion, constroint, appreheosion, u fe of w from her ssid husband. •i ~i, . ~ WITNE55 my hand and official seal this dsy of ~CtO r ~~•.~~,~yj~9'~5 if J , ~ ~ o ry ublit n~nd fp:3h~ ` tat~il-_ ~ y ission ~npireu . ' L, ~ ^ = a Return Tw ; ~ ~ : ~ i . ~ ' ~ ~ firsl federsl Savings 3 Loso Association ` ~ Of Fort P~erce. No!ery Pvbhe, Sloie of Kor:Ja ot la+g~ fi Fort Pierca Florida 1Ny Commissiow E~cpiers Jae. 11. 1179 " '~i~ E' 1 ~ ~ 6onJed by Amtricon fin 3 Cosvoltr Co. ~rr.~,i,.,..,~,:' . ~ ~ This Instrument Prepared By J. Hal Roberts Jr. ~ First Federal Savings & loan Association • of Fort Pierce , Florida 33450 ~ - . ~ Bo~ ~4~ ~~25~4 ~ Checked By`~.- ~ ~ ~ , ~ • ~ ~ - ~ dz ~ - _ _ -