HomeMy WebLinkAbout0622 J. To p~~c~ ~nd conrinuw,sly k~~p a+ tM buitd~np~ now w htr~aftN ~itv+1~ 6n said I~nd aed on all eq~ipm~nl w~d pNton~lly cortrt~ by iN~ mpt¢
y~, with all p~~eniwns IMr~on p~id in fvll. (ir~ iruu~~nce i~ tM uwal qandard policy foren, in • ~wn spptowd by tM MORTGAGEE, ~nd windttorm _
trnwu~c~ In tM uswl ~undard policy form, In • wm ~pprov~d by th~ MORT('sAGEE, in wch aompany a aanpania a tM MORTGACsEE m+y ,
dinctt and dl fir~ ~nd w'w~dawrm irowu+cs policies on any of f~id bYiWiepl, My klfNOtl tFNt~fn Of pi~t fAMWI, tn M» apprp~q ~wn ~fanaid o~
In ~xce~s ~Mnof, ~MII contain th~ vwal it~ndud mort9~ea ct~w~ w sucA o~h~ dws~ a tl+~ MwpapM m+y rpuu~, enakinp tM laa w~dK ~ud poli~ ,
citi. ~sch w~d ~v~ry. par+bl~ ro ~ald MORTGAGEE a ib int~rKt may ~pp~ar. ~nd ~ach w+d wKy wch polky a1u11 b~ proenpty aa:yn~d u+d d~livend ~o ~
~ny Mld by taid MORiGAGEE as (u~i1+K ~ecurity to s+id mwt~~y~ d~bt, a~d, no1 I~ss thin {IO) daya ie+ advana ol tM ~xpirNion of ~ad~ po~ky, 1o dr ;
Ilw~ ro said MORTGAGEE a rMewsl therwf, 1op~tMt with a r~c~ipt tor tM p~miwn o! wth rMew~l~ a++d tl~~ ahatl M no fu~ or wMditam inwrs~c~ t
plaud on ~ny of s~id buildir?ps, ~ny internt tM~Nn or parr ~M.wf, ~nl~a in tM fo?m and with tFN loss p~y~bb M~Eq~NW) t11d lf1 fIN fYNN MY twn
of moe~y becomy payabi~ w?d~r iuch policy a polici„ iaid MORTGAGEE ~hatl Mw tM option to nuiw and ~pplr tM s~ on accovnt of th~ i~d~bt~ .-ti
Mss ucw~d ha~by a a p~rmit said MORTGAGORS ro reoeiw u+d us~ i~ ot ~ny p~rt thtrwf for o~ha? pu.paaN, wi~hout tF?ueb~ w~ivinp w rnpair-
hp any pviry, li~n or ~ipht under w by virtu~ of thls mortp~pej and in tM w~nt sa~d MORTGAGORS ahall fw aoy nason iail to 4Np tM ~aid prtmist~ w"'~
Inwrad, w f~il to dsliwr pomptly u?y of s~id "polKi~s of intwu~u to s+id MORTGAGEE. u fail promprly to P.r f~iy ~ny pnmi~m tM~~for a in any i,
n~p~d f~ll a pNfan~, discAu9e, axecure, ~ff~ct, complet~, comply wi~h w?d ~bid~ by this oownant, a u~y put hKwf, t+W N10RTGAGEE m~y pl+as and _
paY fw such Imuranc~ a any pa?t tF?e~wf without w~Ivirg a~ifectinp any optan, IMn, puity. or riph~ u~ a by virtw of ~hls Mat~. ~nd tM
fi,ll amoum oi ~ach u~d ewry such payment sh+ll b~ immediately dw ~nd p~y~ble aod tMll bs~~ intK~s~ from tM dab thtrwf unti! paid at tM rat~ ol
nin~ pN tui~um pN ~nnum and toyether with such interest shall be secured by tM li~n o( this mortpp~.
i
1. To p~rmil, comml~ or iufier no wait~, Impairmee?f a det~~ar~tion of Nitl pfO~11Y Of ~~1~1 PiA tAOfMf. i
S. To pay ~II u~d ~inpvl~r ths cwts, chupes and expens~~, includinp a reawn+`bb ~nwney's fN and owts of ~b~hacts of titl~, trKwnd a p~id ~t
any tims by s~id MORTGAGEE, b~caus~ or in th~ ew~t of the f~i~w~ on th~ p~?t of tM said MORTCsAGOR w duly, promp~y ad fvliy pKfwny dixl+~rpw
execvte. eftect. complet~, comply w~th and ab~ds by each u+d ~very the s~ipulations. .preemenn, condirions, and ooven.nn of satd promiuuy na~ and ~his
morpap~ ~ny w either. ~nd said coits. cMrpes and expenses, each and ~wry, sh+tl b~ im~nediat~ly dw ud piyabl~r wMtMr a rew tMr~ b~ notiq dr
rrwnd. ~ttempt ro colkct or wit pend~egs ~ed the iull ~mount of each and every svch p~ym~m ihall bea? tN~r„t froen th~ dat~ tMrwf until paid ~t the
~ate of nine per centum per ~nnum; and all said cosq, charpea and expena~s iKVrred p paid, top~ther with tuth intKpt, slwu b. s.aN.d by ~h. G.n of N~
. •
Q ThN i~ tM ev~nt of ~ny breach of thii Matyap~ or default on ths p+rt oi t!?~ MORTGAGOR, w(b) in th~ wenf ~ny of s~id swns of rtan~Y
hersin nfernd ~o bs ~+ot promptly snd fully paid within thirty (30) d~ys next afte~ th~ iame sevK~lly bscane dw and p~yable, witho~t d~rnand w notic~.
or in tM ~vent e~ch and every ths atipul~tia~s, a9rKm~nq. condirions ~nd covensnts of sa~d p.omisswy not~ ~nd tFo~ mapp~ a~y or ~itlnr ~n na
~uly, promptly ~nd fully performad, d~scharped, executed, ~ffected, canpl~ted, complied with and abided bjr, tMn in tithtr or any wd~ twm tM said ~
preyat~ wm m~ntioned in said promiuory note then remaininp unp+id, with interost acuued, a~d all n?oewys s~cvred hartby, sMll betar~ dw u~d pay~
able fathwith, o? thereahe?, the oprion of said MORTGAGEE, as fully ~nd compl~tely ai ii all of ths s~id wms of mawy wsn orpinally stipubted
fo be paid on :uch day, s~ything in is;d promissory note w in this Morf9age to the cont.ary notwithst~ndinp; and therwpon w thenaA« ~1 th~ option of
•aid MORTGAGEE, without notice or demand, wit ~t I~w or in puity, therefwe q ti+aeafter beyury m~y b~ pros~cvf~d u if ~II morNys s~wr~d het~by
had marured par to in insrlru~ion.
7. TMt in the evem that at the begi~ninp of a at any time peedinp any wif upon thu Mortg~, p ro fonclos~ B, or to hform it, w ro anfo.o.
paymenl of uryr cla~ms M+eunder, s~id N?ORTGAGEE shall apply to the Court h~vinp jurisdrctwn tMreof fw th~ ~ppointmNN of ~ R~cdv~r, wch Cowt sh~ll
Fwthwith appoint a raceive~ of said mort9a~ed property all and tii+p~lar, Intlud~np all and ~in~vlu tFq i~tom~. profita, isswa ~nd nv~nws tran what~wr
source derived. e~c!? ~nd every of whKh, it beinp expresaly unders~ood. a h~reby mortgaged as if apecific~lly set forth and dNCrib~d M th~ pruuinp and
habendum cl+uses hereof, and iuch Receiver sMll Mve sll the broad and effedive functiwn and powers in anywise eMrust~d br • Court ro a R.ceiver, u~d
such appointment shatl be made by wcF~ Cour~ ~s an admitted eqvity ~nd s m+ner of sbsolute right to said MORTGAGEE, and without nfe?ente to th~
adequacy a inadequacy of the value of ~he property mwtg~ed or ro the sotve+?cy or insotvrncy of ~a~d MORTGAGOR p the d~fendanq, and that svch
renn, proiifs, income, iswes and ~evenues shall b~ ~pplied by such Receiva ~uord~np to ths lien or pvity of s+id MORTGAGEE and th~ practiu of wch
Co~A.
8. To duly, promptly and fully per(orm, discharye, execute, effect, comp{cte, compl~ with and ~bid~ by sach and ~vsry th~ stipulatiau, apraem~nts
conditions ~nd tovcnants in :aid promiuwy note and thii mo.t9age set forth.
9. That in the event the ownership of the mortgaged promises, w any part the?eof, becomes wsted i~ ~ perwn other flwn th~ MORTGAGOR, th~
MORTGAGEE, ita wccesson and assiyns, may, withovt notice to the MORTGAOR, deal wiih such wccessor w wccesso? in intaest w~th refnenc~ to tha
mortgags and ths debt hereby secured in the same manner ss with Mbrtyagor without in ~ny way vitialirg p distharpirg tM Mort~a~ors' li~bility Mr~
unde~ or upon the debt hereby secured. No ~~le of fhe premises hereby mortgagsd ~nd no fwbearancs on 1h~ put of th~ MORTGAGEE w ib wouuo~s
or auigns and no eatens~w? of the tlme for the payment of the debt bcrehy secured yiwn by the MORTGAGEE or ih :ucceuon a usipns, shall op~r~f~
ro release, dscharpe, m«lify thange or affect the o.iginal liab~lity of the AhORTGAGOR harein, ~ittw in whol~.or in put.
10. It is specifically agreed that time is of the essence of thn contrsct and thst no. waiver of uiy oblEpation hvwnder a of tM obiiy~tion sr
twed hereby sMl! ai ~ny time thereafl~r be held to be ~ w~iver of the terms hereof oi of the insuument secured harbp.
li. In addition to tt~e iwego:og mo~thty paYments of p?inc:pal and interest reqv~red by the promissory nore secursd F~ateby, mortya~or cownanh
and agrees ro paY to mprt9~gee with each monthlY paYment at~ add~tional svm estimated by mortgagee b be equal to 1/t2 of the snewal cost of the follow-
ing:
A-Atl real propehy taaes lev~ed or assessed againat the above described resl estate.
B-Premiums on fire and windstorm~insurance as herein requ~red fo be urried o~,the improvemenb sitwte op the abov~ dlWibed premises.
t-Premiums on wth mortgage gu~ranry insurance as mwtgagee shall from time to time deem fit to carry on the Iwn secyred hereby.
Morfgagee sh~ll from time to fime naify mortgago? in writing of tfw amourM due +nd psyabk hereunder u~d such sum sfiall thereupon be due s~d
payable on the due date of the next monthly payment and each successive month there~her w:til mottyagee shs~l notify mortgayo~ of s thanye in suth
amount. Si+ch sums shall be +pplied by mortgagee toward tlx payment of real property taxes, irnurance premtwnf, and mwt~pe yuaranty inwrance
~i Piemivms.
I IN WITNE55 WHEREOF, the said MORTGAGOR has he~tunto set his hand u~d se~) the day ~nd ye~r fint fwes~id.
Sipned, Seakd ~nd delirared in the preseny of:
F~if t % ~ .,;~ii~~ ?
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STAiE QF FLORIDA W~ ~ 23 !N+ .
COUNiY Of St. I.l1C1C ~ ~ 1~~~L~.Iti7~7
Befae me perwnally appeared M1il liam S. Reid
Linda S. Reld his wife, to me w~ll known ~nd known fo me fo I»
the individwb described in and wtw executed the fwe~ana instrument, and adcnowkdged b~fore ms that th~y axecuted the samt fw tM pwpos~a
fheroin expressed. And the taid Linda S. Reid
wife of tM aid ~ id ~Q(~ ~~n~ ~~~q
exuninstion by me tsken ~eparate and apart from he~ said hutbsnd, aclcnowledged to ~nd beforo me tMt she ~xaMatJt ~i~u -~~jfrNly ind wlun~
~ rarilr and w~thout any computsion, constrsint, apprehension, or fear of or from her s~id Iwsband. : .r ;~%i '
y ~ • \ : ~~i
WITNESS my hand and official xsl this 24tt1 day of ~tO~t ti_ 19 7S
; ~ . r -
~
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~ Na~ry Pvblic in and 4t Sqt~-of ~t:l~rp~
- My Commiuion ~xpir~R 3 " 's" i =
Return To: . • - i • ~ : ~ ;
Fint Fedeul Savings 3 loan Association ..c`arY T~~. ~ o~f~l~~•~~~i'.
Of fort P~erce. ~r ,._~j~
~ ~`•~`?~V!~ ;
~ Fort Pierce, Florida bI~ ~d1~~.~Rl~ ~~i~tf riW
~ . - - ' A
".f1:'.1~:1~~ ' ~
~ . . \~l1
~ This Instrument Prepared By }{al Roberts~ Jz.
First Federal Savings 8~ loan Association
. of Fort Pierce, Rlorida 33450
~ .
OD. ~
Checked By . . $~Qr(~~~ ~
a ~ SA
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..;~y _ -
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