HomeMy WebLinkAbout0416 1. To pl~c~ u~d cor.t~rwousiy keep on ~M build~nps f10W W Mff~fl~f 1itv~1~ o~ iaid l~nd and on ~II equipn~nl and pKSOnally covaed by thi~ malp~
~pw with dl pnmiumf tF?~r~on pa~d i~ full, fi~~ insur~nc~ in ~M usvd i~~ndard policy fcrm, in a~um +pprowd py tlw MORTGAGEE. and windNO~m
i~uwu?a in tM uswl iundud pol~cy toun, ia • ium ~pp~ov~d by ih~ MORTGAGEE, tn wch company w compan~~s ~s ~M MORTGAGEE may
dk~c4 w?d all 1'u~ and wind~rorm inw~ar+u polKi~s on ~ny of ~~id bvild~nps, +ny i~t~ryt ther~in w pu1 tMreof, In th~ pprp~~t wen afo«aW a ~
In ucceu tl~~ot. sAall con~~in tM usu~l uu+d~rd ma~q+yN claus~ a wch WFK~ tlauw u th~ Mortp~yN m~y nqvit~. m+l~inp ~M bu undK u~d po1F
cin. ~ach u~d ~v~ry. aysbl. ro s~id MORTGAGEE u it~ in~ar~t~ m~y ~pp~ar. and esch and .v..y ~~ch poi~cy sh.11 b. prompny a,:9n.d and d.liv.r.d ro '
any h~ld by s~id MORTGAGEE u f~rtMr iecuriry ro said mor~qay~ d~bt, and, oot bu than 1~n p0) days in advsnc~ of the ~xpfr~tioe of tach polky. 1o dr ~
livw to aid MORTGAGEE • ~en~w~l tMreoi, to~e~hM with a r~ipl fa ~he p~miure of wch ren~walj ~nd tl»n shall b~ ra fin or wind~sam M+wr~nc~ ~
plapd on ~ny of s~kl b~iidinys, ~ny in~~st the«in a p~h ther~oi, ve~l~ss in ~M f«m ~nd with tM lou p~y~bi~ u~fortuid~ and in th~ twM ~ny swn
of mp»y become~ p~yabls ~ndK t~ch policy or polici~s wid MORiGAGEE shall Mw th~ optan ~o r~c~ive and ~pply the ~ on +ccow+t ot tM ind~b~ed~
nets ~scur~d 1?Keby w 1o permit said MORTGAGORS lo teuivt snd ~ it p aoy part thereof fw olhet purpo~es. without tM~~b~ watvin~ a imp~ir-
inp anr pviry. IiM w righl ur+der w by virtw of Ihis mortypt; ~nd 1n tM ~wnt uid MORTGAGORS shall to? ~ny fNW11 I~II t0 kNp IM Nid pfM11Ni W
i~avnd. a f~U b delive~ promptly ~ny of uid pol~cies of inwrarx• a sa~d MORtGAGEE. w f~il promptly to pay fvlly iny pnmium thtrtfp a in snr ,
r~sp~ct fdl b pK(wen, dixhuys. execut~. ~i(ect. compleN, comply wilh ~nd ~bid~ by N?is ooweant, a ~ny put l+K~oi, saW MORT('sAGEE rmy plac~ and
paY fa wch Irow~nc~ a u+y pa?t tMrwf wi~hout walvinp a~ff~cthq aey op~ion, II~n. p~i~y. w ripht uncJN w by v1~tw o1 this Mortpap~. ~nd tFw
fvll arnount of each u~d ~w?y tucA paymer?t shall bs immed'ately dw and p~yabl~ and ~halt bur inter~N f?an th~ d~M thnwf ~ntil pafd at tF» r•a of -
niM PN CM1um pN ~nnUm u~d tope~her wirh such im~rei~ shaU be secwed by tFw li~n of tha mort9+p~. ~
1. To pKmit, commit w wffer no wssN, impainnent or dHera~ation of Nid propKty a u~y parl 1M+~of.
i
S. To pay all ~nd wputar th~ coats. chupea and ~xperoes, includinp • ressonabk anorney's ft~ and aosb of abstracta of titl~, incvr~td a paW N (
~ny time by said MORTGAGfE. bewwe o? i~ th~ ~wm of tM (ailure on tl?~ pan of tM uid N10RTGAGOR to duly. ~o~,pdr .~,d fuiy ~am, d~.ch..~.~ !
execut~, ~tfact, compkq, comply with and ab~d~ by ~+ch and every the stipulations, ~prounent~„ conditionM ~nd cover+ants of taid promiawry not~ ~nd thU
mo~t9ap~ ~Mr w eithe~. ~nd uid cost~ charpes and exp~e»~s, each and wery, shall b~ imnwdiataly due and payabl~: wMtht? p not th~r~ b~ notip d~ #
mu~d, attempt to aoflM w suit pe~d+ny; and tM full amount of each and way such parment sMll bea~ intKen from tM dat~ th~.eo1 vntil paid N tM
rate of nine per centum per uuwm; and all said costs, chupsa and expenus inaxrsd a paid, togelMr with suth intu~st, aMll b~ wcwed by th~ li~n of tha
mortpp~, t
6. Thal in the went of eny breach of this Mortgsps w defaub on tM put of rhs MORTGAGOR, a(b) ir+ tM wem any of ~aW wm~ of mon~y
hereia r~ferr~d ro b rwl promptly ind futty paid wi~hin tlwty (3W days next aftc~ the sam~ tewr+lly becoma due ~nd payable, whho~t d~mand w notin.
or W in ths ewM each and ~wry th~ stipula~ioos, ay?~ementa, cond~tions and covensnts of sa~d promiuwy note ~nd tM's mutpape ~nr or ~ither ut no1
iu~y, prompdy and fully ps.(ormed, d~xhar~ed, fxKUf6~, ~ifeaed, comple~ed, complied wirh ~nd ab~ded by, thee in eithsr or any such ~vw?t t!w said ~p
yreyat~ wm mentioned in said prort:issory note then remaininy unpaid, wiM inlerest ~tuued, and all mpoeys s~cured hereby. shall bKary dw and p~p
sble fathwith, w thersafrer, ~t Ihs option of said MORTGAGEE. as fully and compl~tely ~s N all of N+e aaid wms d eao~y vwr~ or~p inatly atipulat~d
ro be pa~d on wch day. any+hinp in said prom~uory ~ot~ a in this Mortyags to the contrary notwithstsndirg: and tlwreupon a ther~ahel a~ tM option of
iaid MORTGJ?GEE. without notice w demand. wit ~t law or in puity, therelore w Me?eaf~er bepun, aNY b~ pro~cvted a if alt mo~eys s~wrd htr~by
had 11'1~tufld p?~i01 t0 iri irtftifutipL ~
7. TM1 in Ihe went that st th~ beginning oi o? ~t a~y time pe~ding sny suit upor+ this Mortpap~, o? fo fonclos~ It, c~ to r~fonr N, a to enforp
payment of ~ny da'~ms hereunde~, said MORTGAGEE sh~il apply to the CouA havirg jurisdidion thereof fa tM ~ppointment of'a Rtuiva, wch Cowt sh~ll
Forthwith appoint a ~eceiver of said mort9sged propertY ~II ~nd iinyula~. includ~ng all and ai~gulu tM income, profits, issues ~nd rsv~nws from whst~wr
sourp derived, each and evcry of which, it beirq expressly u~derstood, is hereby matgaged ss if specitically set forth and d~wibed in tM prantinp and
F.abenJwn clsuses hereof, and s•xh Receiver sha11 have ~II the broad and effettive funa~a+s and powe~s in anywise entrust~d by ~ CouH to ~ Receiva. ~nd
such appointment shall be made by wch Court ~s an admitted equiry and a rt++ner of absolute right fo said MORTGAGEE, and withoW rtf~renu fo tF»
adequscy a i~adeqvacy of the vslue of the properry mor~ga9ed or to ~he w~venty a iasolvency of said MORTGAGOR a the defendann, and that such
renn, profits, income, issues and r~vmues ihall bs applied br s~ch Reteiver xcordirg ~o tl» lien or ~quity of wid MORTGAGEE and IM pracliu of wch
Court. .
8; To dvly, promptly and fvlly perform, discharpe, execute, effect, oompkte, comply with u~d ~bids by e~d~ a~d ~wry tFw stipulations, apreeme~b,
co~ditans and covenams in sa~d p?omiuwy ~wfe and fhis mwtg~ge set forth. ~
9. That in the event ~he ownership of the mortga9ed prom~ses, or any part thereof, beoomes vtsted (n ~ penon othef thsn tM MORTGAGOR, th~ ~
MORTGAGEE, it~ succeuors a~d anigns, may, without noi~ce to the MORTGAOR. de+l with such woNasa or succes~or in int~~ett wilh r~faa+ce to this ~
morrysge and the deb~ hereby setvred in the same manner as with Mortga9w without in any war vHiatiny a dixharpin~ !he Nbrty~yors' li~bility Mr? i
ur,der w upon ti+e deb~ Acreby secured. No ssle of the premises F?e?cby mo.tgaged and no fwbearsnce on the pan of the lNORTGAGEE w ita woc~sson
or assigro and no extenslon of the timr f« the payment of the debt hereby ucured given by the MORTGAGEE or iri successas or ~ssignb ahall op~raN ~
to release, dischupe, modify chenge w affetl the orig~nal liabil~ty ~of the MORTGAGOR herein, eitMr in whale or In put. i
10. It is specifically agreed that time is of ths essence of t1w contnct and 1Mt no wsivar of any obliy~tion hereunder or of tM obliyation ss- ~
cured hertby shall st any time thercafter be hefd to be a waiver o: tIx tema hereof or of the instrumem secured herby.
Il. In additio~ to the forego:~g mo~thty payments of princ'pal and interest required by the promiuory nole sec~red hereby, mortgsgor aown~nts i
and agrees to pay to mortgaqee with each mon~hly payr,,ent an add~rional sum est~mated by mortgagee to be eqwl to 1/12 of the annwl cost of the follow-
'ng:
A-All rea! property taxes lev~ed or assessed against ~he above deuribed resl estate. •
B-Premiums on fire and windstwm iosurante as herein requ;red to be carried on the improvements i~tuate on the abpvt desaibed premisss.
C-Premiums on such mwtgage guaranty insur~nce as rtw~tgagee sh~ll frnn t~me to time deem fit_ to csrry on the tosn fetwed hereby. .
Matgagle shal) from time to time notify mortgagw in writ~ng of the amount due and paysble hereunder and tuch wm shs0 thereupon be due and
~ payable on the due date of the next monthly payment and each svccessive month thereafter until mortgages shall notify mortgsgor of s chanp~ in wth
f amount_ Such tums shall be applied by mortgagee toward the payment of real properry tsxes, insurance prem:~ms, ~nd mwtyaye gwranty insur~nt~
' premiwns. ~
~ IN WITNESS WFIEREOF, the said MORTGAGOR has hereunto set his hand and seal the day u~d ~~int af
~ Sgned, Sealed and deliverod in the presence of:
~ FILED ~Y6 - -
ST. t,uC~E c, jk7T F~~ J K. Gates ~
Rrr_. ~ =AS q
j = ~y~~ C~~ 1
r uRT 4
? .r': ~j .~s-a,.~ r, ura C. Gates ~ ~
0-
~ STATE OF FLORIDA - OcT 1~ 9 s~ ~N ' i y 31
~ st. ~u~~e ~ 9633 ~
~ ~o~~ ~
Before me petsonally appeared John K. Gates .,,d
Laura C. Gates ~ W~fe, to me well known and known to ms to b~
~ rhe ind'rvidwls deuribed in and who execured the fwe9oirg instrument, and acknowledqed before me tMt they e:~cuted the ssrtw fa tM purposes
therei~ exP?~d. a~d r~ :a~ Laura C. Gates
„,;re or ,t,e .,~d John K. Gates
. vPon . separ~re ~nd priv:t~ f
examin~tion by me taken separate and apart f~om her said husband, Kknowkdged to and befo~~ rr~e that shs execvted taid instnxnent fretly and volvo- ;
tarily and w~thout any compulseon, constraint, ~pprehsns~on, w fea~ of w from her said husband. i
WITNESS my Mnd and oificial ual thii day of A. D. 19 75 ~
,
~ ` ' ~
Notary Public in fovfht Sate of fbrid~ at 4rp~ ~
~ ' My Commiuion expires: ~6 ~
~ Retum To: - ~1 e
~ Fint Feder~l Savings d~ loan Associat~on No}ory p~bliq $tote of Fkriao at Largs
~ Of Fa! P:erce. My Comm~ss~c~ Exp;ra;. :2, 1977 i
~ Fort Pierce. Flwida Bonded b~ A:,~r.c~r. f.~: C;;:~o{!r Co. ~
, . • ~
~ This Instrument Pre ared B , ~ _ ~ J ~ . ~ ,
p Y Robert A. SwisheY Jr. r••`c;-.-.
First Federal Savings 8 loan Association c; ';y
. of Fort Pierce, Rloz ida. . - ~
Checked By s°ooK 245 PACE 4i~ - ~ ~ ~ . ~
z , ~ V ~ J ~
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`Y?:.~a•~#,'.}~ P-i_'~? • .
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