HomeMy WebLinkAbout0420 3. To plat~ ~nd ta~Nnuo~sN keap on tiw bvi'di~ps now w irnafqr sitwl~ on Nid Imd ~?~d on ~1: :quipn~nt and pKS~slly tovK~d b~r thb mo~p~
•p~, with dl ~~~nivm~ the~we ps+d in fuU, f'vs in~~nu in ~M uswt u~ndard patky fam, in • wm ~pyrowd b~? tM MORTGAGEE, u~d wiedttonn
dawancs 4~ tM uswl uandud pot~cy fwm, in • sum app.ov~d by ~M MORT(;AGEE, in wc!? company a oomp+ni~s rt th~ MORTGA~3EE m.ay
dincti «d dl Ik~ u~d w~nd~tam inwanc~ polkie~ on «~y of said buitd~np~ any Intern~ tha~k? a put rM~wf. M+ ~h~ pprpN~ swn afa~said a
In ~aa IMnoi, sF?all ca+tain ~he usual uanoard mortga~ claus~ a such alNr ciws~ ~s ti~e Mwi~apM ~Y nqv'v~, nNkfnp tM 1ow undK said poli~
:i~s, Nth ~nd ~vNy. paYabf~ ~o i~id MORiGA6EE as i1s iM~re~t maY yp~ar, ~nd ~acl+ «+d we*y tud? poiicy tMll bt pan~M~Y ~ss:0~ed and d~tivK~d to
aoy Mid by ~aid AilOR1GAvEE ~s iwthe~ secur~ty ~o sa~d m«~~p• deb~, and. nof Ma tMn qn p01 dap in advsnce of tM ~xpk~tion of ~ach policy, to d~-
Ilwr ro aW MORTGAGEE a renewal t3~xeof, toy~~F?K wi~h a rxeipt fa th~ pr~mF,M? of wch r~n,ewdj ~~d ~Mn aMll b~ no fw~ a wtndi~wm inwwnc~
plaad on ~ny of s~id buitdinps, a~y intevast there~n w p+rf t}ro+eof, vot~a io ~M fam ~nd wi~h tM Ioas payrbl~ ~s ~fonsaidi +nd in ths wtnt any wn+
of moMy becon?q p~yeble unde~ such polky a policies s~id MORTGAGEE shall Mw riM op~io~ to rec~iw ~.d ~pply tM ~ on ~cwunl of tM I~+d~bt~
nsss s~evr~d Iw~~by a a permit aid MORTGAGORS to .eceiw and we h a any psn thereo! fa o~F+e~- pvrpos~s, wi~ho:it ~hs~eb~ waiviny o~ imp~ir _
inp ~ny pv~ty, lin? w ripht wKier a by vi»~~e of this mcrtpap~; ~nd i~ 1M ~vMl Nid AIORTGAGORS ftNll~p Y~y fNWi1 fiU t0 ICNp NN MW prM~iiti W„e~~e
inwr~d. w fail to d~liver promptly a~y of said policies oi inwrerw tq s~id N10RTGi?GfE. w fail promptly to p.~Y fvily u~y pnmium thenfor ot in any..+~;,,~
rnp~ct fail to psriam, discbar~c, exec~te. effea, compler~, comply wifh and abid~ by tAis oovsnant. w any put Mrwf, said MORTGAGLE may pl~ce
p~Y fa svch inw.sncr or ~oy put thtrloi without waivinq ot affactUq ar~y optan. lisn, puity, o~ ~i9ht w+de~ or by vt.tw of fhis Martpap~, and tAt
fuU anwum of rach and ~v~ry wcA paym~n? sh~ll be imrt~ed'utely dw ~nd payaol~ ~nd t1~a11 beat intsrest irom tM dah ther~of w?til paid a1 tM raa ot
ni~ p~r untum pK ann~m and ~pye~her with such interest shall be securad by tM tisn o( this mwt9ap~. ~
To pumit, commit u s~ffa no wa~te, impairment or det~ri~ation of said ,propKty a any psH tF~wf.
S. To pay all a~d shgular th~ costs. cMryes ~nd ~xpenses. inctudirg ~ resionaWe ~tror~ey's fs~ ~nd cosH of aburacts of titl~. inn+r?~d o~ p~ld N~"},~!
s~y Nme by ~+id MORTGAGEE, bcuu~ w:n the evsnt of the failwe on tM pu1 of fM said MORTGACAR to d~ly, pramptly ~nd fu1lq pKfot~n, diseMrp~
~xsc~t~, effect. compkte. comply wi~h and ab;da by ~ach and every the atipul~tions, p~eemants, conciitiaa, ~nd oowna~~s of said promiuory ~wt~ and thls
matyap~ u~y w either. ~aid costa, d++rpq ~nd expenses. e~ch ard ewry. sha!! ba :rs`nedial~ly due and paYabl~~ wMtMr or not tMc~ b~ ~+otiae d?
ma~d. ~ttempt ro co1tM a wit ptn.l~nQ: and tM full amsuM of sech and every wch paymsnt ~l+all bsar inta~st f~om lhe dat~ tiwwf until p~W at the
r~te of ~?iru ptr untum ~ annum; aod all s~:d co~+s. ch~rges and expenses Encwr~d a p~id: topett~ with such 1nt~nst, ahall b~ utw~d br tM IiM of this
mortp~y~• • _ .
b. 1'Fwt (a) in tAe awnt of any brcach of this Mwt9spe a~ default on Mr part oE ths NWRT6AGOR, w~ (b) in Hw ~wnt ary of said ~uny of mo~er
fiaeln ~efKred ro be rwt p~omptly and fvliy pald_ within tAety (30J days ~ext aita the same sewrally becortN dw u~d p~y~WR withw~l d~m~od w ~?of'~,
w(tJ in tM eve~t each and avery the s~p~rtatiau, agreemenn, cond~tans ~nd coven~nn of said promisso.y.no~~ and ~iw ewrtpape w+y ar ~ithe? an no1
~uly. prwry?tly ~nd tully p~rfamed, discharged. executed, effected, compi~ted, comptied with a~d aksided by. tlw.~ In either o~ any suth wtnt tM wid ap~
preyate wm mentia?ad in said promiuwy note then remaining unpeid. with imerest atuued, and all mo~tys secured Mt~by, shaH b~con» dw and pay-
~bl~ fwthwith, a tMreafre~, at the option of ia~d MORiGAGEE, as fully and complerety ~s if all of the said wms of ma+~y wKe oripinally atipulated
~o be pald on wch day, any~hing cn sa~d prom~uory note « in ihis Mortg~ge to the contrsry notwithstan~rg: fFNt~VP011 p iF1NMEtN ~t HN op~~ of
s+id MORTGAGEE, without ootKe w demand, ~wit at law a In puity, therefor~ or thereafnr bs9un, ~aay bt proNCVted ~s if aU moneys t~c~r~d Mrsby
had matWed piW1 lo its institurion. _ .
7.~fhai In ths avent ~hat at the beginning of or ~t any time panding ~ny wit upon this Mortgay~, or to fa~cios~ H, w!o nform B, w ro enforca
p~ymem of aay daims he~eue~der. ta~d MORTGAGEE sh~ll spply to the Co~rt havinp jurlsdiction theraof for th~ ~ppointnwM of ~ Rec~ive?. such Cowt sMll
fwthwith appoint a recciver of saM mongaged prope?ry all and singulN, incl~d~og a~l a:+d sinqvlu the incane, pofiH,,:,,i~aws and r~v~nuss frpn wtuttwr
wurce daived, esch and every of whKh, ie beinp expressly ~edera~ood, is.hereby mortgayed u if specifically set for~n ant elMVi6sd in th~ pranlinp and
hsbe~dum dauses hereof, and such Receiver shaR have al{ Ihe broad and eifective fw?a~ons a.K! pow~rs it? ~er~rise entrwted by a Court W a Reteiwt. and
tuch sppointment ihall be made by such Cou~t as an admitted eqvity and a maner ~of ab~olute i~fit to said MORTGAGEE. and. witlav~ nferenc~ to ths
adeq~acy a inadeq~scy of the value oY the properry morigaged or to the sowency w insolvency of said NIORiCsAGOR or tM d~fendants, and thet wch
rems, proFin, income, iuues and revenues ihall be ~pplied by a~ch Rcceiiler a«ording to the lien or equity of said MORTGACaEE and tM pradia of wch
Co~rf. . -
8. To dvly, pram.pt{y and fully parform, ~iiuhary~, e~cecute, effect, complete, comply with and ~bidia by tsch and wery th~ atipulatio~s, preemenN,
conditions ~nd cove~anU t~ seid promissory note and ~hes martgage set forth. , .
9. That in the eveM the ownership of the rtartgaged p~emises, w any pert thereof, becomes vested in a perion other tl~an th~ NIORIGAGOR, tl+~
MORTGAGEE, its wccessws and as~ipns, rrWy, wi~hout notice to tFx MORTGAOR, deal with wch wccrssor p wcc~sw~ in iMerest' with reference fo this
mortpap~ and the debt hereby secured in the sart~e man+er ~s with Matga~or~ymithout in any way viti~fag a~scharyinp the Matp+9ws' iiabi~iry herr
under a ~pan the dcbt hereby secured. No sa:e of the premises hereby mortgsged ~nd no iabesranca on th~ part of the MORTGAGEE or iri successors
or euig~s and no exten:ion of the time iw tix psyw.ent of the debt hereby secwed yiven by 1M N10RiGAGEE or its woo~ssors-or sssip% ~hall op~rat~
~o rekase, disclwr~e, modify cha~ge a afirct Ihe original liab~iity of the MORTGAGOR i+ereie, eithei in wfiole oe in part.
10. It is speufics~ty a9reed that time is of the essence of this oo~t.~n snd tMt r?o waive~ of aor obig.~an hereunder or of th. obllp•rion ,e-
cured hereby sh~ll a~ eny time theroafter be held to be a waive~ of ~he terms hereof w af the iratrvment secwed herby.
~ 11. In sdditia-+ to the foiego:ng month!y payments of princ'pal and interest required by the promissory nole setured h~reby, mottgspw tovsn~nb
and sgrees to pay to mortgagee with each monthfy payrnent an add~rional su.m estimated by mortysgte to be eqwl to 1/12 of ths amual cost of the fdlow-
irg: •
, A-A11 real properry taxes kvied w asxssed against the above deuribed real estate.
8-Premiwra on iue and windstorm inswar.ce as herein requ;red to 6e carried on ~he ~.ove.~enn s+~wa on rf+. abore dew~bed Prem~ses.
' C-Prem~ums on svch mortgage guaranty insurar,ce as mortgagee ahall from t~me to ~ime deem fit to csrry on the bsn seevred hereby.
Mo?tgagee sfiall from time to time notify morrgago? in writing of the amount dua and psyabk hreunder and s~ch wm ahall therevpon be dve and
psyaWe on the due date of rhe ~ext monihly payment and each successive month there~fter unli) mortgsyee shall notify mortpaya of • chsrge in uxh
~ amount. Such sums shatl be spplied by mortgagee Ioward tht payment of real p~operfy tsxd, inswance premiums, and mortys~e :9wr~nty ittwrantt
premivms.
i IN WITNE55 WHEREOF, the taid MORTGAGOR has here~nte set his hand end seal the day u~d yeu fint afwesaid.
~ Siynad, Sealed~pnd liver m t presence of: ~~~rCf'7/
a~L ~2~1.~ i lp in F. Parker n
~ ~ f~IED ~~u fi~~0ADE0 / ~
ST ~I~CIE ~a~NTr fc~. - - -~t~~~ K.,q
R06C~ ?~~~TRAS Anna M. Parker ,c..~
~ CIERK ~t:;CUtt G~U~L
pcre~C vE~i: ~L'D ~r =
SjATE OF FLORIDA
~o~~ ~ St . ~~~e~ ~e ~ 3 w~ PM '~e
e~f«e me Penw,+uy appeared ~ lphin F. Parker ~
Anna M. Parker his wife, to ms well known and know~ to n+e to b~
ti~e ind~ridwis desuibed in and who executed the fore9oing i.?strument, and acknowledged before me that they sxecuted the ssmt for tM pwpo~
tberein expressed. And the sa~ ~na M. • Parkez -
W~ie of .~~d De lph ~n F. Parker ~
- , vpon a sep~rate and priwt~
examinaYwn by me tak~n xpsrate a~d apart from F~er said husband, ackrawled9ed to ~nd befwe rrK that shs executed Hid Irotrwnent fr~ely and v~ol~ra
rsrily and w~thwt ~ny compulsion, constraint, apprehension, or feu of or from I~er said Iwsb~nd.
WITNESS my hand end official seal thi: sZ.~L'~ dsy of February~ s,,:~ x;'p. 19 76
~ + ~'J~Gf~-K-~ ~ i~~?[l~! ` - - ~
~ Nat~ry Public in a+d for t~e Stitf.of.•f~jda d.LsrQs'' - ~i
~ My Cw-nmiuion expiroa: ~ ,
Return Toe ~ ~ • _ _ ~ ~ _ ;.7. e: ~ ` `
~ First feder+l Savings b loa~ Assoc+at~on . ti4T;:t;Y r~s _ _~i. ;l :191d' = ' :
pf iorf P~erce. A1~f 4C r ~ p,~ ~...,,u.o nwn~i~ v. C .
'fort Pierce, f~orida evNVCa ~F•~~ "a•~• ~ ,i.. . ' '
, - ~ f .
9
This Instn~ment Prepared By John 4d. Col l ins
First Federal Savings ~ loan Association `
of Fort Pierce ~ Flozida ~
Che~ked By ~ - - e~~~ ~r~e7 PAGE ~
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