HomeMy WebLinkAbout0416 3; To plw-~ ar.d co~rinuouily ke~p on tFw ~uildinqs ~ww w Mr~ahK situaa on ~aid is~+d and o~ ~II pvipm~el u~d p~nonalM oovK~d b1~ fhis mortp~
p~, wid+ all p~miw~?t tha~aon pa~d in 'ull, firo iniuranc~ in ~M vwai sundud policy fwm, in •~um approv~d by tlw MOItTGAt'sEE, Md win~btan~
&aww~ct in tFw ~nwl a~~ndsro poGcy fam, In ~ sum ~ppror~d by ~h~ M4RTGAGfE, M wch company a oon?pania q tF» . M[?RiG/1(;EE rur ~
dinctt ~nd ~U fin a.d w'a~dsw+m inswanc~ policie~ a~ +ny ol said bvild~e~pw ar+r Ieb~e~t thu~in or Nart thw~of, in tlr app~ey~N svm ~fatuid w
b uaq ~h~rwf, ~hall contaio tM uwaf st~~+dard matyaqN clws~ w wch orM~ dws~ ~s tM Mortp~ may rp~~r~, mawinp tM ka~ ur~ said polN
Na. ~ach and ~vKy. WYablt ro saW MORTGAGEE ita iro~re~t en~y +PP~+.. and Nci~ and wNy wd~ poiicy ahall b~ pra*At~y ass:yn~d ~nd dtlivKed to
~ny Mld by said MORiGAGlE is t~.~ha security to Hid mwtpay~ deW, and, ewi I~W ih~n ten (10) day~ In ~dvaoc~ of Sh~ ~xpit~ti.~ of ~ach policy. to de~ ~
livw tb s~id MORTGAGEE a r~seaal tMreof, toye~Mr with a r~c~ipt fw tht prsmium of wch reoew~l: a~d tF?K~ ~hatl b~ no fa~ a windsewm in~wa~ ~ f
pt~ad on w?y of said buildirg~, a~y Intereat ~herein or part tMreof, ~~l~u in tl?~ form ~nd wi~h ~M bu p+yabk u~fa~saidi a~d in tlr wsnt ~ny sum i
of naewy bRCOrn~s payable ur~ such poliey w policies wid MORTGAGEE ihall luw th~ w~tion to nceiw +nd appFy tM ssen~ on +eoow+~ of t!~ ir~Wed~ .
~ rnaf sw~x~d M~sby a ro pHmit ~id MpRTGAGORS ro reoeiw and u~ h or a~ryr psrl tFKreof fo? o~t?er purpose~, wUhout thHeby wairinq w lrnpak- ~ ~ i
inp anY puity, IiM or right ue+ds~ or by vfrws of tnis mortpape; ~nd in ti?e ~vent ~aid MORTG/1GOR5 shall ia any naion fait to k~ ~h~ aid pnmis~s w~"~ ~
k+w?ed, a fatl to delive~ promptly ~ny of said policies of inwranc~ Io said MORTCaAGEE. w fail promµtly ro pay tvlly •nr pr.~w,m ~Mr.for o. h+ any '.,y~ ~
rpp~,,-t fail b p~rform, dixharye, ~xecute. sfi~ct. compl~te. comply wirh and abid~ bp ~his cov~nant, a ~ny p~h hawf, aW MOitTGAGEE may plKy ~nd ?
p+Y fw wt6 inw~anc~ a any parf ther~ot w~thout w~ivin~ w affxtMp ~nY oplipn, lien, pvity, a riyht under o? by virtw of this Mortq~t. and tM
fvll amount of e~ch a+d ~v~ry wc~ paymem shall be immediately dve and payabl~ and shall beu inta~s~ from th~ dah thereof until paid ~1 tM raM d :w
nirN p~r pntum pe~ annum and together wi~h svch interasf shall be ~etured by tM I~tn of this mot/Qye. ~
1. To ptrmit, conunit w sufte~ no waste, impairment or deteriwation o( said prope?ty p any pu1 tMrwf. :
S. To pay ~II and ~lrquia ths cwt~, cM~pn and ~xpen~es, includinp • re~sonable attonw~s f~ ~nd owb of aQstrads of titM. ~~d a patd ~i
sny tim~ by said MpRiGAGEE, becw~e a in th~ event of ~M isilvn on ~he pan of tM wId MORTGAGOR to dvlp, promptly ~nd fv11y pMfwns, d'ucM~,, ~Z„2 :
e:ecvt~. ~fftci. compkte. complY with and ab:c~ by ea~ and every tM stip~latans. ~preemcnts, condi~iora, and covnwr?n of s+id promiswry not~ a~d th4 ~
matQap~ u~y a e~the~. and sa~d ~osh cMrpss and expenses. c~ch a~d 'evEry, shall bt immediatsly dw ~nd paysblr, wheNw~ a not ttwr~ b~ notk~ ds~
m~nd, ~tlempt ro collecl or suit p~ndinqi sed the full amoum of each ud every wch p~yma~t ~11 bear inte~pf from f!w dat~ tMreof until paid tl tht ~
rats of nins per crntum Fer annum; snd all said caits, chayes ~nd expensea iercwred p paid, togNlx~ with wch intv~st. shafl b~ ~eur~! by tM liu~ of tha
m°nya~' . - _ t
6. TMt (a) tn tM avaN of any breach oi thia lNort9aQe o? de(ault on tlr part of the N4pRTGAGOR, or (b) in tFw ~w~M u~y of ~ak! wrns of money `
i+aein refKred fo bs not promprly and fvUy paid withln thirty (303 daya next ~frcr ths s«~» sever~tly become dw and pay~bl~. withoW dsm+ad a ra!ice.
or (tJ in tF~ went ~~ch and wery the itipufatiau. yraemcnq, condiriorn and coverwny of said p.ani:sory nor~ and th+~.mwtpap~ ~ny a eithN ar~ nol
~uly. promptly u~d fully perfamed, c[xharged, exacwed, ~ffected, compkted. compliad with and abided ~iy. tMe in eitiw o? any wch weM tM uid a~ t
yrpatt wm me~tio+~ed in sa~l promissory noh then remaininp ~npa3d. with ioter~~~ acaued, and all monty~ secvnd ~hcrsby, thall beooeeK dw u~d psy~ i
~ble forthwitly or there~fte?, ~t the opYan of said 111lQRTGAGEE, ss fully snd cart~pktety as if all of 1he s~id wms of money vwr~ aipiMlly ~tipulated f
to be paid on wch day, anythieg in ss;d promissory not~ or in thb Mortyage to ti+s tontrary notwithstandinp; and thorarpon or thenafter a1 tM option of ~
said MORTGAGEE, witFaut notice a dema~d, suit at law w in eqv;ty, ther~twe o? thereaher beflwy,may b~ proseait~d p N all ma~ey~ s~wnd hsnby '
had matwed p?ior Io ib Institution.
_ 7. That b~ ths event that st the bsginnirp of or ~t any time pe~dirg any s~it vpon tha 1Kwtgsy~, or to foreciose h, w fo reform it, w to enforp
psyment of any daims hereunder, ssid N?~lt:GAGEE shall apply to the CovA Mviny jurisdiction ~heroaf fa tfie ~ppoint?n~nt of s R~ceiva~, such Cowt shall
fw~hwith ~ppoint a roteiver of said mwt9aged property all a~d singular, indudmy atl snd singulrr tl+~ in~ome profits, iuues and rewnws lrom wMtw~t
sourp derived. each and every of which, it beiny exp~essly undc~stood, is I+ereby mort9ag~d ~s if specYiully ~et #otth and dacribsd in t!n prantiry and
habarKlum ctauses hereof, a~d tuch Receiver shalt Mve all the b.oad and effective funcriw~s ar+d powcrs in soywise enbwttd by ~ Caxt to a Reaivsr, ~nd
:uch appaetmenf shall be mads by wch Cowt es sn admitted equity and a m+ttar of ebsoluta ~ipht to siid MC1RiGl1(iEE, and without refereoo~ to tf+~ -
+dequscy a ioadequ~cy of the value ef the prope~ty mwtgagec~ or to the ~olvency or i~wlvency_ of said N10RTGAGOR or, tM d~fendants„ and that svch
rents, profits, incane, iuues aed revenues shall be applied by such Receiver accordiny to tM lien or equity of Nid JMORTGAGEE and th~ practip oi wch i
Covrf. , . ; _
8. To duly. prompNy and fupY perfarw.' discbarge, execute, efiect. compkte. comply with a~d abldd. by ~ath and iv~ry tM stipulations, aqne~rmny,
conditans and covenants in sa+d promiasory note_u~d this mor~gage set fath. . -
9. ?hat in the event the ownership of the mortgayed prem;xs, w arry psrt theteof, betomes vested in a perw~ ofhK tha~ th~ MORTGAGOR, tha
MORTGAGEE, its wccessors snd au~gns, may, witFiw» notice b th~,AIIORTGAOR, deal with such sutceuw w wttesaor in interest with reference fo tha
mortgape and the debt hercby secured in the ssme manner as with Mongagor ~vithout in ~ny way viti~tirg a d"~xhar~irg th~ Mort~a9ots' IiabiGty hert -
under or upon ~he dcbt hereby securcd. No sale oi rhe premixs hereby mo.tgs~ad a~ no fwbearsnce on tM part of ths MORiGAGEE w i» suocesson
or auigns and no extens~on of the t~me fw the payment cf the deb~ hereby secwed yiven br the RRORTGAGEE w iq wcuasws p astiyra, sMll opKat~ -
ro re}ease, d~schar~e, modify change or affect the originel liab;lity of the MURTGAGOR harein, ~ither ie~ whole a M put. -
10. It is spedfically agreed thst Nme is of the essence of thla conaad and th~t no waiwr of any obliyatan hereunder or-of ths. oblg+tion se-
tured hereby thall at any time thereafter be held to be a waiver of the terms hereof a of the inst~umset secured herby,
11. In add;tion to the forego:ng monthty payments of princ'psl and interest required by the ptomissory note secured hereby, mortga~or sovs~snfs ?
and sg?ees to pay to mottgagee witF. each monthiy payrnent an addi~ioral sum euimated by mortgsgee to be eqval b 1 f 12 of the annual cost of the :pllpw-
'
A-All resl tsxes kvicd or assessetl ' #
prope?h/ aQainst the above descri~ed real estate_ .
B-Premiums oi~ fi~e and winds~orm inswar.ce a~ here~n requ:red tp be curied oo the improveme~ts sit~nte ort the above desuified premaes, f
C-Pramiwns a~ such mwtyage guaranry ihsurance as mort~sgee shsil rrom Hme to Nme deere fit b carry on:the ban secured heieby. I
Mortgagee shatl from time to time notify mortgagor :n wr~t~rg of the amount due and payable herew~der and suth wm shail fi~erevpon be dve and ~
~ payabte on the due date of ~he next monthiy paymeat and each svccessive month thereafier until. mwlgapee sh~ll notify mortqspor of s th+np~ in wch ~
I amount. Such sums shall be applied by mortgagee toward the payment of reat property ta:es, imursnce prem:ums, ~nd mortyapt 9uar~My intvwrue
I premiums. - .
~ IN WITNE55 WHEREOf, the said MORTGAGQR hss hereirnto sef his ha~d and seal the day • yea~ ~
p ` Sig~ed, and Iiver in tht presence of:
~ -T ~ ~ Oy ~R'a~
~ n
- ot1 de R, Taylor ~
- . n
STATE OF FLORIDA ~ ~ `
courm oF St I.ue ie
defwe ms pen«?ally appeared LlAyd TaV10]C
~ Clotilde R. Tavlor w;{., knowr? ud krww~ m me to M
the lndividwb desvibed in and who executed the foregarg instrument, and xknowkdy~ed before ms tMt they .u~~cvted tl+e ssme for tM pwposes
r~-ea, .:~.~,kd. n„d the ss~ C lOt ~.1 dC F~ . Ta ylor -
Llo d Ta lor , ~ ~ ~
~rirs of ths .aid " Y Y
exami~aYwn by me taken separate and apart from her said husband, ~tknowledyEd to and before me that she ~xetuted said (nstr~rment fieely and volun-
tarily and w~thout ~ny compufsion, constra;~t, apprchension, fea: of or from her ssid husband.
WITNE55 my hand and official seal this day FehrUdrY De 19 76 {
. ~ i
- ~
~ Public in snd fa ti~e StNa of Fiortda at tsry~ =
~ . . - My Cortrniuion ~xpires:
Return To:
first federal Snvings d. Loan Association Notory PuE!>4 S:a6r o~ Flctidn at l~~y.~ •utUt.t'+jt;,,
~
Of Fort P~erct. MY ~yn::s+ort Fsi-ur~s lnly 1, 1974
, ~
Fort P~erce. Florida ~oo~id by AcuetiCOa Fi~re L Casuo~tp Ca, ~ ~ ` r':~
~ ~ ~ 32~~.2,
~ _ - f - ~ '
: ~
~ !Q Ahp M A ( ~ 7' Q'~ •~7 ~
~ a~~~c~r c~c~r~~'r nr~ - = : . ~
This Instrument Prepared By John W. Collins p~git t ~,~R~~ :'G ~~v, ~-w
- First Federal Savings ~ Loan Association QIE~K C~i:tlft~ COURT ~ = ~ ~ , f ~t
~ `
of Fort Pierce , Florida ~~~~KD Y~4~~~~p~,~„~, ~ `
t? ~
~S PI4'I6 . : r~ ,
Checked By 3 {~7 . : ` ~ `
f[~ ~«:~u~~b`~ ~
- f'Ert ~At~E . ~ . , _ sh ~
~t .s -
~
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~ ~ar-„t-.'". ~ ~.5~~ - -s. ~ -
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