HomeMy WebLinkAbout0616 To pl~ct snd continuo~~ly kcep on tM buiidings now or hero~ftN situett on s+~d la~d and on all rqui~nt ~nd patonally tov~red by thi~ mort~ .
ege, with all pcmiwns thereon pa4d in (ull. 1ir~ insurance in 1M uwal s~~nde.d po~~ty fam. in a tum appiovsd by IM MOR[GAGEE, ~nd windstorm ~
~nsur~ in ~h~ uswl ~~a~dard pol~cy la~n, in a sum approv~d by ~M MORTGAGEE, in such company or compania ai ~M MORTGAGEE may
d~raap u~d all tu~ a~d wind~to~m insura~ce po~icies onyay oF said build~nps, any Inte~~~t thsr~in or part ~M~wf, in liw s~rep~t~ wm aiwss+id a
in sxtest Ihe~~of, ahsll conl~in ~M usuai s~andud mortgayes cl~use w suth oths~ c1suH ~s th~ Nlutqa9N may rpvu~. fM~111q IF~O IOft VM~N ~awl poli~
c~es, each and every, payabl~ Ia iaid MORTGAGEE as ~ts inte~est may appear, and cach and eve~Y iuch policy fMll bt promptly us.yned and delivared io
~ny held by uid MORTGAGFE a(ur~her teturity ~o eaid mwtp~ye debt, and, not leu 1Mn ten (10) dsys in ~dvanct o1 IM ~ap&ation of a~ch policy, lo da
I~ve~ lo said MORTGAGEE a renewal theroof, toqerher with • rece~pt fa the premium of such renewat; and thsr~ shall b~ ~o f'ue w windstwm infur~nc~
plsnd on ~ny of said buildinps, an~ Inte~sat ther~in a pa.t Ihereof, unieis in tF~e fo.m ar~d w~~h the loss payibls a: afass~ids and in the ~vent any ium }
of nwn~y becorn~s payabte undtr wch policy a polici~s said MORiGAGEE ~h+ll haw ihs optan w r~ceiw and apply tM ~na on accoun~ of ttw 4+deb~ed- {
ness tetured hereby p ~o permit said MORTGAGORS lo ?eceive and ua it or any pa~t thereof fo? othcr purposes, without th:reu/ waivi<ig o~ m~pair- ~
ing ~ny pu~ty, liee~ a ryht unde? w by vi?tue ol ~his mo:tppe; ~nd in th~ event sa~d MORTGAGOltS shaU fw any rsason iail to keep ~he said p~emisai w
~nsu.ed, o~ fai) ro deGver prompNy any of iaid poiKies of insurant~ ro s+id MORTGAGEE, a fa~t promptly ro pay fully any premium therefa or G+ any
resped f~il ro per(orm, dixhaige, exec~te, effect, compkte, comply wi~h and ab~de by th7s covenant, a any part F?e~eaf, s~id MORTGAGEE may place +nd r
pay Ia such irouronce or ~ny paA thereof without wsivirg ot ~ffectinp any oplion, lia?. equity, or righf unda or by virtw of this Malgaqs. and the ' `
tv!I amwint of each and ewry avch p~ymcnt sMU be ir.unediately due s~d payable and ihall bcar interesr from ths date thcroof ~~til pa~d a! ths rat~ ol ~
nine per centum per annum ~nd IogNher with such interest shall be secured by the lien of th~~ mw:9age. ~
~1. To permit, commit p suiler no waste. in~pairment w deterioration of said properry a~~y part thersof.
S. To pay sll s~d singular the costs, chs~ges ~nd txpensss, inciudinp s ~easonab!e ana~y's fee and coats of abslraNS of titl~, G~c~rred « P+~d at
nny time by said MORTGAGfE, betause w~n the event of ihe faiiure on the part of the :eid MORiGAGOR fo duly, promptly ~nd fufFy perform, diuhargR
exccute, effect, comptere, comply w~th and ab~de by each and every ~he s~ipulaf~ona, sgreements, conditioro, and coven~nh o1 said prom~ssory note and thii t
r,ortgage any a either, and sa~d costs, tl~arges and expenxs, each arfd tvcry, ahail be immrdiately due and payable; whe~her w nof there be notice ds '
n,and, altempt fo co~lect or suit pending; and rhe foil amount of each and every such peymeM ~Aall bes. inte~est (rom th~ date tl~aeof uotil paid ~t tht ~
-.,re o~ ~ine percentum per ar.~~~m; and a11 said custa, char;~es an! eapenses incurred w paid, togethcr w~lh such interest, thall bo secuted by the lieo of thii
t
mortpsge,
6. T}++t (e) in the event of any breach o( this lNortgage or defa~ll on the part ot the MORTGAGOR, or (b) in the eve~f any of sa~d sums of money
herein refer~ad to bs not promptly and fuliy paid with~n ~h.rty (30) dayt next a~ter the same ;eve.a~ty become dw and payable, without demsnd w notice,
or (c) in the evem each aod every the sripvlarions, agreements, conditions and covenants of sa+d promtssary no~e snd this mor~gaye aay o~ either u~ oo/
i~ly, promptly and fuily pc~fwmzd, d:uharged, exewted. eifecred, canptered, comp;~ed w~~h and abided by, then in either w any svch eveM the said a¢
~regate sum mentioned in said prom+sawy note then remaining unpaid, with interest accrucd, and all moneys setured lxreby, shall betane d~e and p~y-
eo:e forthwith, w thereaher, at IF?e opt~on of sa~d MORTGAGEE, as fully and compietely as if all of Ihe said sums of money were origina~ly ttipulated
ro be pa:d on such day, anything in sa:d promissory note or ~n :his Mortgage to the contrary ~o~withstanding; snd tlxreuppn a theroafte~ at ths option of
sa:d MGRTGAGfE, w~fhout not~ce or demand, s~it at Iaw or in equity, therrfore u tl~e~eafttr begun, may be prosecuted u i1 al) mw?eys iecured hereby
had maWred pt~w to its ~nstitvfion.
7. That in the event that at ~he beginn~ng of u st any ~:me pendi~ig an~ suit upon ihis Mor~gage, w to forectose it, or to reform it, or fo enfwce
payment of any cla~ms hereunder, seid MORTGAGEE shall apply to the Covr~ ha~i~g ~w~u#.ction thereof tor the +ppof~tmeM of • Receiver, suth Cowt ah~ll
ivr.hw~th appoint a rece+ver of sa~d mo:tgeged prow:rty atl and singutar, includ ng a!I ar~d s~ngular rna income, pro(iri, iswes and revenuss from whste~er
source darived, rach and every of v~h:ch, it beir.g ~apreas~y unders!ood, is F.ereby moitgaged as if specifically ut fwth and deseribed in the q~anting and
habendum clauxs hercof, and euch Receiver shoil hsve all the broad and effechve furtct:ons and powers in anywise entrusted by a Covrt to s Receiver, and
s~:h appointment shall be made by such Co~rt as sn ad~n~tted equity a~~d a matter of absofute right to said MORTGAGEE, and withoul re~erente to ths
adequaty or inadeQwcy o1 the value of the property mortgaged or to the sovency o~ u~so:vency of said MORTGAGOR or the defendsnts, and that suth
re~ts, profits, incorrK, issues and reve~ues shall be applied by such Rcceiver accad.ng ta e1x ~i~n a equity of uid MORTGAGEE ~r+d the pradic~ of s~ch
Court.
8. To duly, prompt!y and fully pe~form, d~scharge, execute, effect, complNe, con:ply with snd abide by each and every the stipulations, agreements, ~
<onditions and tovenants ~n sa~d prom;ssory note and th~s mortgage set fath. ' ?
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9. That in the event the ownership of the mortgaged prem;ses, or any parl thereof, becomes vested in a perwn other fhan the MORTGAGOR, th~ ~
~,;ORTGAGEE, its successors and sss~gns, may, witho~t na~ice to ~he MORTGAOR, deal with suth successw or succeasor in interest with refererxe fo this i
mo: rgage and she debt herebr secur~ in the same manner as ~vlth 1Jlortgagor wdhout in any way vitiatinp w d+uharging the Mwtgagots' lisbilify hera i
under or upon the debt hereby sec~~ed No sa!e of fhe prem~ses hereby mortgaged and no fo?bearance on the part of the MORTGAGEE or ib succeswn (
or ass~g~s and no eatension of the time fw the payment of the deb+ h~reby secured given by tF+e MORTGAGEE or its suctessws or auiyns, shall operate ~
ro release, d~scharge, moddy change or affect the crig~nal tiau~tity of the MARTGAGOR h.erein, either in whoie or in put. :
10. It is spec~ficatly agreed that t;me is of the esunce of this contract ar~d ~hat no waivcr of a~y obligaYwn hereu~der w of the obligation te- ~
cured he~eby shalf a~ any time thereafter br held to be • w~iver of the terms hereof 6r of the inst~umem secured herby. 4
11. In add~tic~ to t4+e fwego:rx~ monfh!y paym4~ts of princ'pal and inserest rcqu~red by the promissory note secuted hereby, mortgsgor covenants ~
and agrees to pay to mo:tgagee vcith each ma~~hly pay~.~nt an add+~+o~at sum estfmared by mwtgagee ro be equal-to 1/12 of the annual cost of the follow- "
in~: • ~
A-All real property taxrs Izvied or assessed ayai~st thc aoove descriy~d real estare. }
B-Vrer.::ums o~ fire and windstorm ~nsurance as herein requ;red to be carried crs the ~mprovements situate on t1?e above desvibed premises. (
C-Prerri~dms on such mortgaqa guarar.ty i~su.anct as mortgegee shall from t~me te ~ime deem fit to tarry on the ban secured hereby.
Morrgagce shait from'time to time notify mortgagor ;n wrif~rg of the amoJnt due and payabk hereuoder and such wm shalt thereupon be due and
~ ayab!e on thr Jue date of the naxt month!y ~ayme~t and each successive m.onth thereafter urtil mwtgagee shall notify mortgagor of a change in soch
a~-~o~nt. Such sums sF.afl ke aap!~ed bv mortgag.~c towa:d the payment of real p~eperty taxes, insurance prem:ums, and mwtgage guaranty insurance ~
p•emiums.
fN 13IITNESS V/HER'c~F, th said MORTGAGOR has hereunto set his hand and seai the day and year first ~fotesa' i
ig~ed, Se and deli red in he presence of: . i
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STATE OF FLORIDA 1 .
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COUt~TY OF St. I1fCle ~
~ Before me personaffy appeared _ _ 5. Gaskell ~
Audre Gaskell 3
p his wife, to me well known and known to me to~bt, i
ri:a individuais descr~bed in and who execu~ed ~he for oing instrument, ~nd ackrrow:edged before me that they executed the same fw the pwpbe~
` ihere~n expressed. And the sai All~rey Gaskell ~ :~~r+,, s
~ w~fe of the said ~ .S • ~SiC@ll ' , ''FI : ~ ' c
~pon a'sFp~r~~~•aail pMaia ~~''.i,
~ e=am~nation by me taken separate and aaart from her said husband, a~0.nowledged to.and befae me that she executed said instnrmQnY.~reelSi,;aifd voluri~ ',_~j=_.
~ re~:iy and w+thoul any compu::ion, constraint, apprehension, or fear of o~ from her said husband. • :,+r% '
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€ WIiT1ES5 my hand arsd oflicial seal this_ _ ~ 7 _ day of_ ~ •19 "
3 . ~
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' -w r 3. . -•`S
~ Notary Publi ~nd for Sfate F{oridi~ ~t:,~ye ~ n'~,-~~ ~
~ My Commi expires:, • . - r~~ . .
~ Re~um To: % ~
S First Federal $avinga 3 Loan Association , k~ i`~-~;
s Of fort P~erce. 1JOTA~Y ~Ubl1C STI~1E OF fIORIpA A~ IARGE'. r _
s . MY COA~A~SSI ~ti EX~!ltt5 ?~A11 le, t97f
~ Fwt Pierce, Flor~da ~Mp~ TMRU GE~iERAI 1NSURANCt U!!~lRWRITERS
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~ iV4EU aM~` N=~JkD"c0
~ This Instrument Prepared By J. Hal RDberts~ Jz. gT ,~~~NiY f~A.
~ rirst Federal Savings b Loan Association f.,;,,~;; ~;4TR~5 ~ V
of Fort Pierce~ Rloii~ 33450 E:~t ~!t C:?URT ti~~}
r".~a,: : ~`Ir3~..~~-eM~
Checked By ~ 23 AM'~5
OCT Z8 9
~ , 8oax ~45 F,~ 614 .
= 319'785
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