HomeMy WebLinkAbout0614 To pl~u ~~?d contuwovsly kNp on th~ build~ny~ now or FNf~~fiH 41Yif0 011 Nid I~ffd ~el~ 011 ~II OqYip~nlflf Nld pK~OfNIIy OOVH~ ~ IAIi TO~l~ ~
witl~ dl pneniwos thawn p+~d i~ ful~, fire Insvr~nc~ in tM uswl ~tudud policy fwny in a sum ~pp~ov~d by th~ MORTGAGfE, ~nd windNOtm r
kww+ec~ In tM uiwl uanda.d polccy (am, in a wm approv.d by tM JNORTGAGEE. In wch company a oomp~ni~s as th~ MORTGJIGEE ~ay
dk~ctt +od Nt /k~ and windiron++ insura~ polici~s on any of aid buiW~nps, sny Mttrpt tlw~~in o~ p~f tMrwf, In ~M app~p~t~ wm afort~aid o~ ;
In ucons tlwrwf, ~MII ca+~ain th~ vs~a1 sundud mortyyM cl~va a~uch aFw dsw+ as th~ Mat9apN maY nqui?~, e~kin0 th~ los~ w~dN Nid Poli~ , .
cia. tach ~nd wNy. p~Y+bl~ w aid MORTGAGEE u its i~~a~ft may appea~. and 1atA and ~w+y t~Kh policy aMll W promptly i~i:~n~d M+d d~livK~d M i
•ny Mld by wid MQRTGAGEE as (urtM~ secv~ity lo uid ma~p+~ debt, and. ?at bu ~lun ~~n p0) days tn ~d,ranu of tM ~xpk~tion of t~ch polic~r, ~o d~- ~
liw~ ro ~aid MORTGAGEE a rtnewal th~reof, topHMr wiih a rec~3p1 fw tM premiwn of svth nMw+ls ~nd IMn ~MII b~ oo fu~ w wMduam inwnnt~
pl~nd on u+y of said buildi~gs, ~ny intereal thtt~in ot pa~t tMreof, unleis in ~h~ form ~nd with ~M Iw~ p~y~bh u~for~said~ ~ad M tM ~wnt ~ny wm -
of mo~y becorn~ payabl~ uodN such pofky w polici~s taid MOR~GAGEE sMll haw tM option to ncsiv~ wid apply tM s~m~ on ~aow?1 of tM ind~btd~
n~ss s~cwed Fw~by a w~permit sa~d MORTGAGORS to nceiv~ ~nd ut~ it a any p~rf thereof fw o~hw pwpwe~, wi~hout thKeb~ walvi~y a unpair- ;
~rq .~r .~?~ry, li~n or ~ipht u+xlei w by virtw of thia mortpp~; u~d ia 1M swnt ~aid MORTGAGORS shall (w any nawn fail ro k~ap tM said prMni~ w .y.
inwrad, p fait 1o ddivK promptly any o( s~W poiicies of insuranc~ to uid MORTGAGEE, o~ fail promptly ro p~y fully ~ny premwm thsr~for or In anr ~ f..
r~sp~ct (dl b perfo.i?~, di~charys, execute, ~ff~ct, comple?~, comply wirA ~nd ~bid~ by this oownant, p My ~itt Mf~OI, said MORTGAGfE may pl+u snd ~
pay fa s~ kiwru+u a ~ny pan the~wf witfiout waivirg or ~ifectinp ~ny option, Iko, eqvitr, w ripht under a by virtw of thb MatQ~, and tM
full ~mount o( ~ech and ~wry such payme~t tMll be immcdiately dw +nd payabte and sh+ll beu Int~reu from th~ dat~ tFweof ~ntil p~id ~t tM rat~ ol
nin~ pK c~ntvm per ~~nurn and to~ethcr with sucA inttrost shall be secured by fhe lien of this mortyap~.
1. To pNmit, oort~mit or wfier no w~ste, impairrrKnt a deteriwation of said p?operty or.u~y p+A tht?wf.
S. To p~y all and sinpul~r ths cwts. ch+ry~s and ~zpane~, including s re~sonabM anorn~y's fN and oos» of abstr~ets of titb. Mcurnd a p+W ~t ;
my tim~ br s~id 1V10RTGAGEE, because w in t1+e ~wm of tM failure on the p~t of eM s+id N10RTGAGOR b du1y, promptFy and ivtly pMfonn, d'act+u~t '
,
execvt~, ~tfM, complete, comply with and ab:de by each snd ~very the stip~rlat~ona, ~yreemenn, caditioea, u~d oownants of s~id promliwry noh u~d th4 t
mortyap~ any w eithe~. ~nd sa~d coit~, charyes and expenses. each ud every. ihall b~ immediatsly dw ~nd payablr wMthN a nw tMr~ b~ notice da E
mand. att~mpt lo coltecl u iuit pend~ng: ~nd the fvt! amovnt of eac`h ?nd every i~ch peymen~ ihall bea. in~eryt hom th~ dah thereof unNl paid N tM ~
rate of nin~ por oentum per arowm; and all said coats, charpes snd exp~nses incwred or psid, topethe~ with such tnter~sl, alwll b~ a~tured br th~ Iwn of t!w
^artpaps- -
6. TMt in the ewi+t of any breach of this A~lortyap~ a defavlt on tl+~ part of tM MORTGAGOR, w(b) in 1M ~v~nt u~y of said wms of nwney
herein refc+red to bs r:ot promptly a~d (ully paid within th~rty (30) days nex~ after the iam~ uverally bacan~ dw u~d payabb. WItA0Y1 fJ~Afind O~ 110fit~,
or (c~ In tM ewm ~ach and every the itiputa~ions. sgr~ements, condi~ians snd covenann of sa~d p?omisswy not~ and th~s mwtpap~ any a titlw u~ no1
iuly, promptir a~d futly perfwmad, d~scMrged, execvted, effeded, canpt~ted, compl~ed with ~nd ~bided by. then in ~itF~ a~ny wch ~wnt th~ said a¢
preyat~ sum mentanet! In iaid p~omissory note then remaininp unpaid. with interest acuvad. and all monsys secw~d F~~by, ah~ll beoo~n~ dw and pay-
~bl~ forthwith, a Ihereafter, ~t the option of said NWRTGAGEE, ai fulty ard completety as ii •11 of th~ taid swnt of moeNy vwr~ aipin~lly stipulattd
to be paid on such day, anything in sa~d promissory ~ote or in this Mwtyaye to tM contrary noMitMt~n~r~pj ThlfwpOn Of ther~a hK at th~ option of
iaid N10RTGAGEf, withbut notice o? demand. suit at law w in p~ity, therdor~ w thereafter beyw~, m~y be proNart~d q If sl) e~fonry~ Ntur~d Mteby
had m~tured pnw lo iri institvtion.
7. Thst in tFw event that st the begi~ning of a at sny time pendiny any suit upon thh Mortgay~, ot to fp~tlw~ h, o? fo rofotm N, w fo enforp
payment of any clsims hereunder, said MORTGAGEE shall ~pply to the Covn Mving jwisdrctan lfiereof fw tM ~ppointme+it of ~ Receiwr, wd? Cairt sMll
fwthwith ~ppoiM a receiver of said mwtyaged propery all and sinyvla, intlud~np all and singvlar th~ inco~n~ pafiri, issuy ~nd ~ewnws fran what~ve?
sovrce derived, each ~nd erery of whKF~, it be~ng expressly unders~ood, is hereby mor~gaged as if spec~tically set fwth aed dMCrib~d in tA~ yr~ntinp and
habendum clsvses hereof, u~d such Receiver shafl Mve all the~broad and effective functwns a~d powers in a~ryrwiss entrusted by a Co~A to • Recciver, ~nd
such appointment shall be made by such Court as an admit?ed equity and a m+tter of absolute riyAt .to said MORiGAGEE, and withouf nferenc~ to tFw
edequacy a inadeqwq of the wiue of the prope~ty mangaged or to the sohieiic~ or inwhrency of said MOl2TGAGOR or tl+~ defendants, and that such
rents, profits, income, issues and reverwa shal! be appGed by arch Reaeiver sccordiny to the lien a~quiry of a~id MORTGAGEE and tM p?actia of such
Court.
8. To dvly, ptomptly and fully perform, dixharge, execute, effett, tompkte, comply wilh ~nd ~bitl~ by eath ~nd ~v~ry the stipulations, ~p~~emenb,
c~tions and covenanu in sa~d promiuory note and this mongsge sct forth:
9. That in the event the ownenNp of the mortgaged pren+ises, o~ aryr part thereof, becomes vested in a person oths? th~n th~ MORTGAGOR, tl»
MORTGAGEE, its successo.s and ass~gm, may, w+thout norice to thq MOQTGAOR, dtal with wclr wccessot a wa~swr in inNreat with rtfer~nu to thh
mortysge and the debt hereby zetured in the ssme manner as with Mwtgagor withovt in any wsy vitiatinp p dischupinp fhe Mwtya~oa' IiNbilify h~r~
unda w ~pon the debt heroby sec~red. No sale of ~he p~emises hereby rnortgagec! and no fwbe~r~nce on tht part of tlk MORTGAGEE or Nt succttson
a suigns u+d no exre~sion of rhe time fo~ the paynunt of the deb~ hereby secured given by the MORTGAGEE w ib sucussws a asipns, sh+ll oparaq
to release, dixharpe, modify change w affett the orginal liability of the Iy10RTGAGOR hersiny either in;whole w in p~~ ; ~ .
10. It is specificslly agreed that time is of the esscnce of ~his conuact ~~+d that no waivet of any oblipation h~vnder w of th~ oWipation sr
cured hateby shall st any time thereaher be held to be a waiver of the terms hereof a of the ir~strument setwed he?by, t
11. In addition to the forego:ng monthly payrments of prirx'pat a~d inhrrest requireti Ky the promissory nole secw~d hereby, mortyagor cpvensnb ;
and aprees to par to mortgagae with each monthty payrnent ae addtrional sum estimued 6y mortgagea to be pwl fo 1/12 ef the'annwl cost of the follow- j
iny:
q-AI( real property taxes kvied or auesse~i against the above dewibed real estate. •
B-Premiums on fire a~d windslwm insurante as herein requ~red to be carried on the improvtments sitvate On t.he a6pvt destribed premites.
C-Premiums on such mortgage guaranty iosurar~ce as moNgagee shatl from time to time deem fit to urry on ihe loan setured hereby,
Mwtgagee shall from time tb time ~+otify mwtgagor ~n writ~ng of /F+e amovnt due and payab4 I~ereu~der and such Nm shall theiwpon be due and
payable on the due date of the rxxt monthfy payment and each successive month thereafter until mortgs~ee shall nofify mortgagw of ~ chargt in s~xh
amount. Such sums shail be applied by mwtyagee toward the payrt+ent of real prope?ry taaes, insurante prem:ums, and morfgage gwranty imur~nce
; premivrt?s.
` IN WITNESS WHEREOF, I+e sa~d IIApRTGAGOR has hereunto set his Mnd snd seal the dsy and,ye ~nt afo.es~id.
! Sig S~~ and de ered in the presence of: l' , ~
r,~~~ v c n
~ Witness incoln G. Mdrews
f , ~ ~
~ ~ c- i L-~.-,-~~ i`-t~----'. t.c= t5ea~
~ 14itne s s Ann Mdre~rs t
STATE Of FIORIDA ~
~
CouNTY Of _
~ 6efore me penonally appeared L1ACOID G. Alldr@MS
snd
~ /~I1tl Aflal"61r5 his wite, to er» well known ~nd known to me to b~
the individuels desvibed in and who exetuted the fwcgoinp instrument, and stknowledged before ms tMt tMy e~cecuted tM sann~ fw tFa purpos~s
~ therein expressed. And the sa~d ~n ~il~l6p8 •
~ wife of the said Lincoln G. /+!1l~Y@MS
exsmination by me faken ~eparate and apart from her said husband, ~cknowledged to and befo~e mt fhat aM executed s~id instrurr~nt fsw~~IY~d~C
€ rarity and wit!wvt ~ny compulsion, constraint, appreFKnsion, or fear of w from her wid huiband. . Y;a` ; . j"; ~
~ WITNESS my hand snd official seal thi: ~ day of "••~l{~7s y~: ~
~
~ , ~ - : • : : s
.
~ Notsry Public io and for the State of Flo~id?it Lsrp~. • ti'
' My Commiuion ~~cpires: =
~ • ~ .
~ Retum To: . ~ ~ 1
g Fint federal Savings b loan Association
Of Fort P~erce. f
~ Fort Pierca Florida
~ fILE~; a~~;. ~.~~~:,~~D
~ ST. LUCI'_r:~:!NiY flA. ~
~ ppr_~- =.iTRAS C
This Instrume~t Pre red B.1ohn W. Collins C!.E'~R {=.'%~1t~ C~t1RT
~ Pa Y acr~: :3 y~s :=1E~
5 First Federal Savings & Loan Association
~ of Fort Pierce~ Flozida A,•= ~8 9 23 pN
~I{.
~ Checked By
~
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y . . W7o11 6~ .
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