HomeMy WebLinkAbout0455 J. To plac~ and cominuou~ly keep on fM bu~ld:nps now a Mr~~tqr ~itwq on said I~nd ~nd on dl tquipmeM u+d p~na+~lly cova~d by Ihi~ ma~p~ ,
p~. wilh al) pr~mium~ ~Mreon pa~d in full, tira In1Yfi~tL~ in tM usual sundud po1Ky fam, in ~ tum ~ppror~d by tM MOR~GAGEE, ~nd wind?tam
inwra~c~ In tM uswl ~tandard pol~cy 1am. tn ~ sum appra~~d by ~M MORIGAGEE, in wch compa~r or comp~nip as th~ MORTGAGEE may
dir~ctj ~nd all (ir~ and w~nd~torm insuranc~ polK~es on s~y of i~id buildN~~, My if?I~tKt IFNl~iel pI p~N tM.wf. ie~ ~M apprp~~~ ~~rn aforeuid or .
In ~xc~u thereof, ~MII co++tain tM usual st~~dard matypN ciau~ w such o~Mr clsus~ ~i tM MatQapN may ?puu~. makinp th~ t~~ unde~ s~~d po1F
de~, each u?d ~vKy, payabl~ to said MpRTGAGEE as in in~ers~t may ~ppear, u~d each a~d every such policy ahall b~ promp~~y u~.pn~d u+d detiw~ed to
~ny Mld by said MORTGAGEE as fur~F,~r •ecur~ty ~o s~~d mort9age deb~, and, not I~ss than ~an (10) d~ys in ~dvanc~ oi ~h~ ~:p'u~~an ol ~~ch policy, to d~
IivM to uW AApRTGAGEE a renewal therwf, tope~Fwr wi~h ~ rec~~pt lor 1M p~~mivm o( avch rt~+awalr ar+d tMr~ shall b~ no fir~ w wind~~o+m iniuranc~
pl~c~d on ~ny of ~atd buildinps. any interest there~~ a part thereof, unlES~ in tM fo~m ~~d with tM loas payabl~ ~fweuid~ u+d in th~ ~v~M a~y w~n
ot moMy becor.»i'ay~bl~ undH ~vch pdity w pol~c~ wid MORiGAGEE sMll haw rhe op~ion to ~eteive snd appty 1M s+m~ on accoum of tM indeb~ed~
r+ess ~cw~d her~py a w pe~mif said MORTGAGORS ro receivs and us~ it a any pa.t thereoi for orncr pu~poses, wi~hout ~hs~eb~ waivi~~g pi anpair- ,
iny any pu~ty, lisn or riqht under w by virtue of ~hii mwiyayep ~nd i~ tM ~vem said MORTGAGORS shafl fa a~y rtawn (~il ro kkp the said premius w,
tnwred, w fall ro deliver prompfly ~ny oF uid policie~ of in~want~ to u~d MORTGAGEE, a fsil promptty to pay tully sny pr~mivm lhtretw p in ~ny
reipect (sll to p~r(wm, discharge, exccute, ~Ifect, comple~~, comply with ~nd ebid~ by this covenanl, w any psrt hereof, t~id MORTGAGEE may plac~ +nd '
pay fw such iraurancs o? ~ny part thereoi wiihoul w~iv~rg w~ftectirp any option, lien, equity, or riyht ~ndt~ w by virtw o1 Ihia Mat9aye, ~nd tht
fvll amovnt of each and avery ~uch paymtnt shalt be immediately dw and p~yable •nd shall be~r interest i~om tM dat~ therwf until paid ~t t1+~ rate o1 ~
nine par tantum per ~nnum arxf togelher with such inre~os~ shsll be aecured by the lien of this mort9~g~.
1. To permi~, commit w svifer no waa~e. Impairment or deterioration ot said prope~ty a any paA thsreof.
S. To pay all ~nd urgulu tM cwts, charpe~ and ezpenses, includinp a reasoe»ble attwney's (ee W+d cosb of ~bstr~cts of titl~, incun~d w paid at
any time by said MORTGAGEE, beuuse w in the eveM of the ia~lure on tM par~ of ~M iais! MORTGAGOR to duly, promptly ~nd fully p~rfwm, diacMr9~,
executs, sfiect, compkts, comply w~th and ab:de by e~ch ~nd every ~he ttipulat~a~a, apreements, conditions, and cownann of said promiuory ~oN +r+d this ~
morry~ps any w titlxr. and u~d cosrs. cha.ges and expenses, e~ch and ~v~y. shall bs immediaqly due and pay~ble; whe~her a not the•~ b~ notice d~
mand, attempt to tolfett or suit pend~~g~ M+d ~M (ull smount of each snd every suth paymenl sMll bea. intertst fran the date tFrreof until p~id ~t the _
rau oF nine pe~ ccntum per annum; and all said cos~s, cMrgas and expenses incurred w paid, lopether w~th tuch interost, ~hall b~ secu.ed by ths li~n of this
mortpap~.
Q That (a) in the eveM of any Me~ch of this Morrgays or deiault on ths pan of the MORTGAGOR, w(b) in tM twM ~ny of ~atd ~wns of money ~
herein refsrred to bs no~ promptly and futly paid wi~hin th~rty (30) ~ays next after the aame sevsrafly beconu due and payablt. wi~Faut derrwnd o~ notic~. ;
or (c) in tM event each ~nd every the atipulatioe+s, agrcements, cond'nia.+s arxl covtn~nt~ of sa;d promissory rate and th~s mortyaQ~ ~ny w either are not ~
iuly, promptly ~nd fully performed. d~uharged. executed, effected. completed, compl~ed with u~d abided Sy. then in eifher or u~y such sve~t tlw said ~g ~
gre9ate wm mentioned in said p~omissoay note the~ remaining unpaid, with interest acuued, and all moneys aetu~ed hereby, sh~ll becwn~ dw and pay-
able fathwith, o~ tFKreafter, at the oprion of said MORiGAGEE, as ~ully and comple~ely as if all of the iaid wms of moMy were apinally stiputated
to be paid on suth day, anythi~g in said promiuay rate w in thi~ Mortgage to the contrary norwithstantling; and thereupon a thereafts? at the option of
said MORTGAGEE, w~ehout not+ce or demand, wit at law or in equity, therefore o? thcrealfer begun, may be prosecufed as if all moneys sscurad hereby
had matured pnor to As institution.
7. TFwt in the ev~~t thal •t fhe beginnirg of a at any time pe~d~ng any_ suit upon this Mortyape, w to fwecloss it, a to refo~m it, or to snfac~
payment of ~~y claims hereunder, said MORTGAGEE shall apply to the Cour1 having jurisd~aion thereof for the ~ppoinrment of ~ Receiver, suth Cowt shall
forthwith appoiM s receiv~r of said mortgaged property ap end singular, includ~rg all and sinyular Ihe intome, pro(its, issues uid nvenves from whatever
wures dnivcd, each and evcry of whKh, it being expressly undrruc.od, is hereby mwtgaged as if apecifically ut fath ~nd dewibed in the yranti~?y ~nd
habendum clavies AereoF, and iuth Receiver shall hsve all the brwd and effecrive funct~om and power~ in anywise eMrusted by a Court to • Reteiver, and
s~ch appointment shall be madr by s~ch Cour~ aa an edmitted equ;ty and a matter of absolute r~ght to s~id MARTGAGEE, and without re(ererxe ro the
edequacy a inedequacy of th~ value ot the prope~ty mor~aaped w to the wivency w. q?solvency of s~id MORiGAGOR or rhe defend•nn, and that fuch
renrs, profits, incane; issuea and reve~vef shall be appl~ed by such Receive~ accwdinp to ~ha lim w equity of s~id MORTGAGEE and the pradiu of sutA
Courf. '
9. To duty, prompNy and fully per(wm, discharye, exccvte, effcct, corelplete, oomply wlth and abtde by e~ and avtry ths sfipulatio~u, agreeme~ts, _
conditions and cove~ar?ts in ts~d promissory nole and lhis mortgage set forth
9. That in the event the ownership of the mor+gaped premisea, w any part thereof, beoomes vssred in a. person other th~n the MORTGAGOR, tM
M,ORTGAGEE, its succeswri and ass~gns, may, without ~atice to ~he MORTGAOR, deal with such succeua w it~ccq~sor in interest with reterence to thit
mo~rgage and the deb~ hereby secored in the same msnner ss w~th Mbrtgsgp without i~ any way vitiating d dlc?+arg~ng the Maty~gws' liability here-
under w upon the debt hereb~ secured. No sale o1 the premiscs hereby mortgaged and no forbearante on ths part of the MORTGAGEE a iti successors y
or essigns and no e:tension of the time fw ~he payment of the debr hereby secured given by the MORTGAGEE or itt svcutson or assiyns, sl~ll operate
to release, diuharge, modify change a affect the original l;ability of 1he MpRiGAGpR herein, eithtr in whok or in part.
10. tt t~ specifically agreed ihat time is of the essence of this contrac~ and that no waiver of any obligatio~ hereunder w of the obliy~tio~ se-
cured F~eby ahall et any time thereeftv be held to be ~ w~iver of the t~m~s hdRof Or of th Grtrum~nt se[ured herby. .
11. In addnion ro the forego:r.g monthly paymenti of p:incpsl and intse~t requircd by fae promissory nore secured hereby, mortgagoc ow~nants
and agrees to pay to mortgagee vvifh each month!y payrnent a~ add~rionsl sum est~mated by mortpageQ to be equa) to 1/12 of the anrv~af cott of ths follow-
, .
A-All real property taxes levied or assessed agai~st thc above described real estate.
B-Prem~u+ns on f~re and windsrorm inwrar.ce ss herein requ~?ed to be ca~ried o~ the improveme~ts situate on the above deuribed prern'wef.
C-Prerniuma on such mwfgage guaranty insyrarKe as mortgagee shall from t~rr~! to Yune deem (e? to'earry' on the loae iecvred hereby.
Mortgagee shall from rime to time notify mortgagor f~ wriri~ of the amount due and paysbl~ hereupd~r ~nd ~vch sum shaU thereupon be du~'and
~ayable on the due date of the next monthly payment and each succesaive month thereafter ur.til mortgagee shall notify mortgsgor of a thange in such
aT.ount. S~c s~ms sF.a~l be ap~ lied by mortgagee roward the payment of real property taaes, insurance prem:ums, and mortgaye guar~nty ineurante
premiums. • _
I NESS H ~f, s d TGAGOR has hereunto set his hand and ual the day and year first aforesaid.
~ . Se/31~~~~1~ ' Wesence of: ` ~ - p .
! f L_L " ''i~8 /5• / ~n
rc.
; - ~ s, f~~_ Fred R Wi in z. ~
' . ^ . _ . `.:FT ~ se.n
~ _ G adys. . wig9in ;5ean
~ STATE Of FLORIDA 5 Y~~ L 2't ~N ~ (
~ • :
E COUNTY Of t• Lucie i
i
~ Before me penonally sppeared F!~ R. Wiggins i
~ Gladvs T. Wi ~ns 1
~ tha individuafs descrikxd in and who executed the fw imtrumentg, and ecknow~ his wife, to me well known and known to me to b~ #
e9oing edged befwe me that they executed the ume fa tM purposes
~ rherein expressed. And the said Gladya T• Wiaains ~
" ,vife of ~he taid Fred R. w~QQ~AB }
~ ~pon • separate ~nd priv~t~ 1
a e,aminetion by me taken sepa~ate and apart from her saEd hv~band, atknowledgcd to and befwe mt that she executed said insttument freeiy snd vduo-
9 rarily and without any compu~sion, coostraiM, apprehens~on, or fear of or from her aid husb~nd.
' WITNE55 my hand and official seal thi: day of NAVB~bBi A. p. 19_~._
S
~~~~~~G/b- ~I va// ~ ~ 3
. Nwary Public in ~nd f Sute of F{aida ~t I.~r~
My Commiuion ~xpires:
Return To: ~0 • 3~ •
First Federat Savings 3 loan Assouat;on
Of fort P~erce.
` Fort Vierce, Florida .,i~~
s f,, • 1•~ ~
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This Instrument Prepared By Dotfald B. Hughe~ . ~ i~`?d.~~,~~'
Y First Federa! Savin s d~ Loan Associatior. '
~ . of Fort Pierce ~ F~o! ida 33450 - ' ;;i~{ ~ ' " J ~ _ '
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Checked By U R l1 ~ ~ ~ ~,Ry ; ~
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~ 6G~K2~5 ~~f 454 , ~
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