HomeMy WebLinkAbout0149 To pba and <oroiewo~ily kNp on tFr buildinp~ now or hK~aha wtwt~ on ~aid la~d snd a+ dl puipm~nt and pNwn~lly oov~?~d by tlw eartp~
p~. with dl pr~miwns ~Mr~ paid ;n fuib lin inawanu i~ th~ uw~l uudad policy form, in •~wn ~pprowd by th~ MORTGAGEE. ~nd wie~btorm
Imw~no~ In tM uwel ~undard pol~ey (am, in ~ wm ~pprov~d by tly MORTGAGEE, in weh eompaer w eampaei~a ~t tM MORTGAGEE en~y
dinct~ snd all fk~ and w~arm i~w~~na Pd~iciN a? ~ny of wid buildtnp~ ~ny tnNna tl+K~in a pat tF~wf, in th~ ~pprsp~~~ swn ~fornaid or
M~xas~ tM.wf. sl+all contsin tM uwal standard mort~pN clwN or wch WF~ dauN aa tM Ma~9apN nwY rp~in, m~klnp tM bw w~dp i+id potl~
ciK, each u~d ~very. wr+bte ro siid MORTGAGEE a~n t~.~.•~ „uy a~.a., a~d sacA ~nd ~w+y sud~ polic~? ~MII b~ pranptly ~u:pn~d aed d~liva~d ~o
•ny Mld by s~ld MORiGACsEE ~s furtMr s~turity lo s~id mor~~~ d~b~. ~~d, no~ t~a ~h~n ~ l10) daya i~ ~dvanc~ of tM ~xpiration of tach policy. b dr
liw~ ro said MpRTGAGEE • nr~ew~l th~?wf. ~opalwr with a nplpt fw tM pnmiwn oi wch r~n~wd~ and rMn ~11 b~ no fw~ o~ wir?dt~o?m G?aw~
pl~pd on any of ald bvildinps. ary Int~r~p tMr~ a parl tF~e?~of. unl~ss lo tM fom~ ~nd with tM loss p~yabb as aior~said~ and In tM ewM u+y ~wn
of Tw~y b~cwnp payabN ~uch polky w polici~s wid MORTGAGEE ihall h~w tM optan W•.o.iw .nd sppy ~h. um. on accoum of ~M ind.bad~
nys s~cw~d Fwreby w w pKmit s~id MORTGAGORS ro r~aiw and u~ it w~ny p~rt tMreof fo+ o~her pwpwes, wi~hovt thH~b~ waivinp a~n?pair
Inp ~ny p~uty, tien o~ ~iyh~ under or by virtw of thb mortpap~t ~nd in tM ~wa~ u~d MORTGAGQRS shall fa aey reason fai~ to kNp rM said pnmi~s w
4nw~d. or fai) lo delivN promptly ~ny of said polici~s of inswanc~ 1o s~id MORTGACsEE. w fail promptlp fo paY fully ~ny pr~miwn ther~for w in any
fail b p~.fonn, discha~~, ~xecute. ~if~ct. compbte. comply with a~d abid~ by this eownant, or ~~ryr psrt hu~of, saW MORTGAGEE m~y pl~a and
p+Y fa wch Insw+nc~ w ~oy p+n th~.~of wiThout w~Hlnp w~ff~ctlrp +ery optiw~, Ihn, puity, a ripM wsda a by vir~w of this Mnrtpap~. ind the
full amovnt of ~ach and ~v~ry u,ch paymem shafl b~ immd'ut~ly dv~ and p~yabb ~nd ahaN bsu intK~st f~om tM dat~ tMr~of w+tU p~W at th~ rat~ of i
nl+w p~? centum pM annum and ~op~the~ with wch Mttrest th~ll ba secured by tM li~n of thit morty~p~. ~
4. To pamit, cort~mit w wffK oo wut~. Impairment w dffNiOf~fIW1 Of N1d (ffOPNty M My ~lf1 1IIHOOI. R
3. To pay all ~nd sinputx tM costs, chup~a ~nd ~xpNww, includinp a nasonabt~ attorney's fs~.and aosri of ~batracts of titl~, tntwr~d w p~id af ;
any r~m~ by uid MpRTGAGEE, b~cavw a 4? tl» w~m of th~ f~fl~.. on ~t~. ~ of ~I,e u~d MWtTC,~?GOR a duly. pron+ptly a+d fu11Y pufonn, discM?pR, >
~xecvt~, ~ffect, compl~t~ canply w~th and abid~ bp ~ach and ewry tM sti~wl~rioas, .yre«+~enn, cond;riaa, a+d cov~nann of ud pom~~wry nw~ .nd this
^+~+0~ ~^Y w atha. a++d s~id cwt~, char~es ~nd ~xp~nsa, each ~nd ewry. ahall b~ tmm~diat~ty dw and pay~ble: whetFw a oot tMr~ be notiu ds ~
mand, ~rternpt to cdlect w wh p~ndinpt and tM full amovnt of wcl~ ~nd ewry ~~ch paym~nt sh~ll b~a inle~t fran tM dat~ tMrwf uetH pNd N ~I+~ 4.
~ate o1 nint per tenrum par uw~um; ~~d ~ll ~aid ewt~, chupts artal eap~nses inwrr~d w paid. topetM? with wch G~taqt, shall b~ s~twd b~l tt» li~n of thq
^+ortpy~, ' •
6. That i~ tArevent of any breach of this Mw~sap~ o? d~favU on tlr pu~ of tM AIIORTGAGOR, a(b) in tl+~ w~nt ~ny of s~W wms of mon~y
h~rein r~far~d b bs ~not promptly u~d fully paid within thirry (JO) d~ys next aftn~ the s~ s~wralty baom~ du~ and pay~bl~, without danand o~ nmitr,
w(d in tM went each u~d every tM stipul~tions„ s~~emena. cond~~aro u~d cownaon o1 said promiswry not~ and th~s mapp~ any o~ ~itha an no1
iuty. promptly and fulh peiformed, dlschuped, ex~cuted, ~ffected, comp{~ted, complwd with ~nd ~bided by, th~n in ~itl~ or any wd~ wsm tFN said aQ~
prey~?~ sum memiw~ed in ~aid promiuwy note then r~ininp vnpaid, wNh inter~st acuwd, and dt nwn~p ac~xtd Mreby. ahaN b~aonN dw ~nd pay~
abte fathwith, Of 1F1tfNNN. ~t tM optan of said MORTGAGEE, as fu1Fy ard completely u if alt of the uld wms of nwner wen o~ginally stiputned
to be paid on such day. ~nythirg in sa~d promwsory rwt~ w in ~his Ma~y~ye ro ~M comr•ry rarw~rhs~and'u~p; ~nd tMr~upon or tlrreaft~r at tM option of
said MORTGAGEE, wirhout nak~ w demand. wit N Iaw a in ~qviH, ther~(on or tl~saher be~w4 may be p~w~cWed a if NI oarwys a~wnd lweby
had matwed prior to its iratitvtion.
7. That in ths event that ~t the beglnnlnp of or ~t ~ny tim~ pending am? wit upon tha Mortpap~, or to foraclo~t M, a to nfonn_ h, a to ~nfap
paymeet of any d~i~ro hereunder. said MORTGAGEE sMll apply 1o the Court Mvinp jwisdiction tAer~of fp tlp appointm~M of ~ Rtuiver wd~'Couh shall
Fwthwith ~ppoint a rectiver of said morty~ed prope~iy all ~nd siopular. tnclud,rg all ~nd siny~la~ ths inpoqN profits, bswt and ~~venws hpa wMt~vK
wuru dsrived, each a~d every of whKA, it beinp expressly widenrood, n hereby mwrqaQed ~s if speci(luly ~N fath ~ed dewib~d N 1FN panti~p u~d
habe~+dum cla~ses hereof, a~d such Receiver shall have dl the brosd u~d effective fimctions and powen M~nywls~ Muust~d by a Canf to a R~c~ira. and
such appoi~tmen/ shall be msde by wcF~ Cou~t u an sdmi~~ed equiry and ~ m.~re? of abwlute riyRt ro said NIOR?GAGEE, and widput nf~rena b th~
adeqwcy or inadeqwcy of the wtu~ of the p~opertY mwt9aged a to ~he soNency w insolvency of ssid MpRTGAGOR a tM d~fend~ny, and lhat wch
renes, profits, income, issues and revenues sh~ll b~ spptied by such Receiva accordinp to the lien or pvity of taid MORTGAGEE and ~M pactic~ of wch
Covrt. - ~
8. To dulY. promptly and fully.pKform, dixMr~e, execute, affact. oompkte, complY wlth and ~bid~ by Wch and w~ryr th~ stipulations, pre~rtNnts,
conditioru ~nd covenants in sa~d promissory note and this mortyage set forth.
9. 7hat in the evero the awne~shlp ef the mortg~qed prem;ses, or ~ny part thereof, becomes vested p~rwn otlist tha~~ th~ MORTGAGOR, th~ t
MORTGAGEE, in wccessors p?d ss~igns, nMr, wi~hout naice ro 11~ MORTG/1pR. d~al with wch wccessar or sucoessor: in irqerest wiM ~hreno~ b this ~
mort9a~e ~nd the debt he~ebr secored in the samt manner u with Mwtya9p withput in aey w~y viti~tirg"a di;cie~ryinp flq Mortpapors' liabiliry hK~ ;
under or upon the debi heicby secu~ed. ?,b ssk of tM premisei ficre6y ?rwrrgsp~d ~nd titi forb~awnce on tM put oF tM MORTGAGEE or lts auaesaon
o~ +~signs and.no exteniipn of the tinne fw ths p~ymsnt of the d~bt Mreby sewred given by th~ MORTCa~GEE or ib sua~saort ot ~tsper„~~iyll opaat~ '
ro rekase, discharye, modify clung~ or affect the original liability of the MORTGAGOR herein, ~ithsr in whole w in part.
10. It is speciiiylly agreed ths~ time is of the esscnce of this contract and tMt no wsiver of s~r obl'ga~ion herevnder a of th~ oblipation sr ~
cvred hereby sh~ll st sny time ~kercafter b~ held to 6e • waiver ot the terms he~eof a of the instrument secw~d herby. ~
I1. In addition to rhe faego:ng manthly p~Ymems of princ'pal Md interest requ~red by the promiuory note secured hereby mortyspor tov~nany ~
and agrees to pay to mort9sgee with each monthlY paYmeM an addiripul wm ~~ima~ed tip rno.iyayse to ix equsl to 1/12 of the ~nnwt oost of the folbw-
ing: ~
l ' . ' ~
A-All real prope.ty taxes levied or auetsed against the above dexribed real pbt~.
B-Premiums on fire and wiodstwm irtsurance as herein requ~red to be carried on the improvenfe++ri, sitvate on the above desuibed premisas,
C-Premiums on such mort wrsnt insurar~ce as mo~t `
9~ 9 Y gagee shall from time to time dcem fH ro carry o~ the ban secured hereby. :
Mwtgsgee shalt irom time fo t~mr ratity mortgagor ;n writing of ths amount due and paysbk hcreunda? and wth wm thalt therwpon be due u~d ~
payablt on the due date of the next monthly paymeot and esch iuoassive month thtreafter untl) mo~fyaye~ silall no~ify martgayor of a i.
c4~+nQ~. in such
amovnt. Such sums shall be applied by mortgagee toward the psyment of real property tsxea, i~urance prem:ums, and mortp~gs 9uaranty imuranc~ ;
FrCmiums. . i
IN WITNES$ WHEREOF, tlx saed MORTGAGOR has hereuMO set his F?and and seal the day ~nd yeu firs! ~fuesaid.
SiOned. Seabd u?d deliva in the presence of:
' _7Z-. %~-'v`~-~ ts..~
~ ~ Eva R . ~Bruce K--~ i
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~ STATE OF FLORIDA ~ ~
` COUNTY OF St . L.t1C1@ ~ ,
~ Before me penooslly sppeared ~+a R. Bruee . a s inq le adu lt ~ ~
~ ~ ro ms vrell known arxl known to nw to b~
~ the individwl described in and who executed ths fore9oinp instrumsnt, and acknow{edped befon m~ tMt 'ht uewtad the sum fot tl+~ pwpw~s
therein exprssfed. Ya~cYsorwt~c
~ X~_v~"rO'
~
~
S
i WITNESS my Mnd ~nd official seal t' day ~t~e A. O. •19 75
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` F~~EO r.Rt~ ~ec~~~ o J , ~
} 5T. WC~c t ~u~sr lA. Nou.,~ Pv~K .~d rh. sr of Fi«• ar
F
~ Rerwn To: i~!S MY Commiuion expires: ` / .
tirst Federa) Sa iirgs 3 lwn Aswciation ~ t r- R ~ :
f~ t C r. JRT ~~J` ~
~ af~...., L.E.._•~~~~~~.....~..~. ~ ;
; OF Fort P7erce.
:
F Fort Pierce. Florida 9 26 aH' 1~~~Pe ~ ' ' •
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~ 31~465'" ~ ~
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~ This Instrument Prepared By John W. Col lins i~~:~,'. ti,~•. ~
5 First Federal Savings & loan Association - ~ : r ' ' ~ ~ . : r.;, - !
~ of Fort Pierce , Flor ida : ' - . fE
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~ Checked ey ~ ' ~ ! , ,1 " ~ ~ ,
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