HomeMy WebLinkAbout0422 To pfau a+d ca?rinuovslr k~ep on t!» buiid~~+gs now a MreahN utwb oe sa~d iand +nd on dl pvipn»nt and p~rsoerslly covK~d by tNs ~+wrep~
p~, with all p«mi~~a tMr~on pa~d in full, firo insur~nca in ths uswt s~andud policy fonn, M~~wn approwd by Ih~ MORTGAGEE, aed w~ndswrm
irawanc~ ln 1M wu+l srandard pol~cy f.,rrn, in ~ sum ~pproved by the MORTCsAGfE, 1n ~~ch company a oompu?ia a~ th~ MORTGAGEE may
dinet~ ~nd all fin ~r+d wk~~am irau-anc~ po~icias on +~y of s~id build~s, ~Mr fnhry~ thsaln w part tFw~of, in IM pqrepate wm afotnai~ w
In ~xas~ ~hH~of, sMll contain tM wwl uandud marssyN clws~ or wch o~her ciaus~ a ~M Mwqpw m+r «qvus. m+?1ep ~h~ loss u~der swd pd~ '
tia. ~sch ~nd 1vNy. WYabt~ W iaid MORTGAGEE is iq in~aest may ~pp~+?. and exh and ~vay wd+ pot:ty sMfl b~ Pra^A11y ~a-pn~d ~nd dNiwnd ~o ~
~ny MW by ~aiJ MORiGAGEE a~ iwrher ~ecurity to sa~d moUyay+ dabt, and, not les~ tMn t~n (10) d~ys in adv~nu at tM ~xpir+tia? of ~ach policy, ro da
IivN 1e t~id MORTGAGEE a re~ew~f tMreot, loperhN with e nceipl for ~M p~~mi+wn of sud? rsnewalt and ttwn ahall b~ oo fin a windstam f+uwu+c~ ~
pl+csd on ~ny oi tiaid b~tidinyi. any i~?erest ~her~i~ u parl tfie~eoi, ~nie~~ in tM form ~nd wiih tF~e loas p~yabb u~taesaidt a+d tn tik sve~i ~ny twn
d moMy beca~ws p~yabl~ und~~ wcA policy a polici~s said MORTGAGEE shall haw tM oprion lo receivt ~nd ~pply ths sart~ on accoun~ of 1M f~d~bted- ~
n~a se~wud hKtby or w permit said lNOR1GAGORS to r~piv~ M+d vs~ il or ~~y p~?t ~her~of fa oti?e? pwpo~es, wi~how ~hr..b,r wahinp w 1mp+N•
inp ~n~ aquity, li~n or ripM unckr or by virtue of this mwtyage; ~nd In ths ~wM ~sid MORTGAGORS shail for 7ey? na~on f~ll b kNp the aid pemises so
inewed, a fail b dtliver promptly any of said polKies of imurance ro said MORTGAGEE, a fail promptiy iq pay fuliy ifly Pf~TIVT fFNff~01 Of in a+~y
naped tdl w perlwm, discha~ge, eaecu~e, eHsct, compiet~, comply wirh +nd abide by this cova+ant, o~ ~rty put hKwl. aW MORTGACaEE m~y pba and ~
paY fw wch Inwrar?ce w ~ny p~rt ~hereoF witAow waivinq w ~i(ectirg any opfion, lisn, pv~ty. or ripht w+dN or by viNw of this Matpa~, a~+d the i
full snavM of eoch a~d ~v~ry iuch payrrxe~~ if?all ba im~ned'utely dw and payable a~?d shall bsu (f11Nlit ~fOffl IFN ~Jif~ tMrtof vntil p~id a1 tM ~at~ 01 -~i ;
~in~ per centwn per ulnum ~nd fo~iher wiih ~~ch intereit shali be secwed by ~he lien of thls enatya~. 'f~ :
To permiy oommit or wf(er no wa::~ imp~irment or detcrioration of ssid property w any put thereof.
S. To pay att and unpular ths costs, charyes and exp~ue~, indvdinp a rcasonabb anan~y's fk +nd co~ts of ab~nacts of titb, lncwr~d o~ psM at ~
~ny tima by s~k! MORTGAGEE, bwvse or in tM swnt of the faituro on tM pah of IM srid MORTGAGOR b.duly, promptly a+d fvlly p~rforen, ditcAu~
~xecute. ~ffeet. oompl~te. comply w~th and ~b:ds by erch and every ~he stipulat~o~+s, ~greamenn, conditiau, ~nd aown~nb of uM promiisory noh u~d rhis
mort9~pe u~y ot ei~her, and said costs, char~es ~nd expenses, esch. and every, ahall l+e kmm~diately d~a u~d payabl~: whatM? ar oot tMre bi
notiu da
mand, attwnpt to colkcl or wit paxl~rg: snd the full amovnt oF esch a~d every suih p+~ym~nt sh~ll beu intKeit from tM dat~ t!?N~of unttl paid ~t the
rah of nine p~r ce~twn per +mwm; and ~N said cosn, 4~ar~es and expens~s inaurtd o~ paid. IopNher with wch fntupL ahdl bs Ntur~d by tM IiM of ihi~
m0~rfy~yl. - -
6. Th~t (a) in the ~vent of r~y lxeach of this Mortgsy~ or dafwtt on the part of tFa IYIORTGAGOR, or (b) in ttw w~nt my of wid s.Mns of nan~y
herein nferred to bs r?~t promptly and fvlly paid within thirty (30) day~ next after tl+~ :am~ sever~lty becam ~ u~d payablt, without dtmand u notict.
or (cJ in ths ever?t exb u+d evpy tM stipulatia?s, agroeme~b, conditions s~d covenants o( sa~d promissay nolt ~nd this mwfpp~ sny p titl~a ut no1
~vly. pomptly snd fully p~.}wmed. d~schar9ed. execu~ed, effected. compl~ted, comptied with and abidad by, tMe in ~itMt or aay such wtnt tM ~aid p~ .
prepate wm inentioned i~ uid prom~ssory note then remaininp unpaid, with inlerest acuwd, a+~d atl moneys tetvred lfe~eby, shall b~oo~~e due and piy-
•bls fonhwith, p there~fier, at-the opt~ore of said MORTGAGEE, as fully •nd completely ~i ii at( of ths taid wms of mp?ey vwn wipinally atipvlated
to be paid on such dsy. a~ything in sa~d prom~ssory nore a in this Mortgage to the conlfary notwitF~tu~dieq: and tAerwpon w thereahK at tM option of
~aid MORTGJlGEE, without nake w demand. suit at I~w or in puity, therefws or thereaftc? bep~n, n~ be pr,o~ecuted ss if dl mo+Mys s~cvred Mrsby
hid InitvKd pnol lo.ib instirution. _ '
7. Th~t in tM.event th~t ~t the begi~ning of ar at any time pendFng any wi ~pon fhis Mwt9ag~, ar b for~clw~'h, o~-b nfwm it, w fo erifwp
p~yment oi any claims he+eu~der, said MORTC,AGEE shall apply to the Covrt Aaviny juriidittion th~reof for tM ~ppointmsnt of a Rauiwr, wch Cowf shall
forthwith appciiM a receiver of uid mortga9ed'prope?ty all and s~ngul~r, includ~op all and iK?gu~ar tM Income, profiri, iuws and ~tvenues fran whstwtr
wwc~ derived, exh snd mrcry of whkh, it beinq exPressly ~nderstood, is Ikreby mongaged u~f spec~fically'sN forth and dtiaiEed in tM pr+nrinq and
h~be~d~m clausa hereof, and su~h Receiver ahall h~ve •11 the broad and effect~ve functwns and powsn in a~jrwise entrwted by a Cou~t to ~ Receiver, and
such appointment shall be made by wc6 Covr1 as en admined cquity snd a matter of absolute right -ro wid MORTGAGEE, sed without ~efererw ro tM
sdeqvatp w insdequacy of th~ wtue of the p~operty mortgaged or to the soivetxy a~nsolvency of seid MORiGAGOR or the defendantt, and that such ~
rents, profiri, incoms, asues and revenues shalt be applied by stxh Recaiver xcord~ng to tM liep or pviry of said MORTGAGEE and tht pradit~ of suth
Covrf.
8. To dvty, promptty and fvlly pe?form, dixharge, execute, eifed, ccmplete, comply with ~nd abidt by- each and awry th~ atipulatia», ~prea~ner?tt,
conditiont and covensnh in said promiuory note arrd this mortgags set fwth. . . ,
9. lhat ih the event the uwnerihip of tlie mortgsyed ~ prem;ses, or any part thereof, bemmes vested in a perwn othsr tM~ the MORTGAGOR, the
MORTGAGfE, its succeuors and suiyRU, may, wiilwut ~wice to the MORTGAOR, deal wi~h such• uxcessw w svccessor in intersst with reference to this
mat9ape ar~: tha deW hereby secwd in the ssrnt. mant+er as with Mo~~g~gw wittnul in erry wey vitiatrg a d~KMjykp th~ .Mwtyagors' Itability h~.e-
urida or vpon the debt hereby secured. No sale of the premi~es hereby mwtgaged snd no forbearance pn th~ p~n of 1M, MORTGAGEE p ita svtcesson
or assig~s and no exeension of ti~e+ time for the paymeM ~of the debt hereby sea:ted g'~ven by tM MORTGAGEE or i1s s~coessws a assiyns, sh~ll operaq
ro retease, d~xharpt, modify change a a(ipq tFa wiq~nsl Iiab~l~ty of the MORiGAGOR herein, eitFia in whole .ar ln p~rt+ '
10. It 1s spec7fically agreed ~hes time is o( the euence of this contrad and that no waiver of ~ny ob!'~gaYan hersunder or of th~ obli~~Tion se-
arred haeby shall at any time thereafter be hetd to be a waiver o( the terms hereol or of the instrvment secwed herby.
11. In add~tion to tt~e fwego:ng month4y pay~ne~ts of princ'pal s~d interest required by Ihe p?omissory note setured hereby, mortg~por towr?atfts t
snd agrees to p+y to mortgagee with each mon+hly payment sn add~rional sum estim+led by mwtgsgea lo be eqwl to 1~12 of the ~mud cost of tM follow-
ing:
' A-All real propertY ta:ss levied or essessed against thE above desvibed re~f astate. ' '
B-Premiums on fire and windstorm insurance as herein requ~red to be tarried on the :mprovemtnts sitwta on the sbove desaibed premiies.
~ C-Premiums on such mortgage guaranty insurance as mortgagee shall from time to time deem fit to carry on 1~ bi~ iecwed h~r~by.
Mortgagee shall from time to r~me notffy mortgagw ;n w.;t7ng of the amounr due and payabk hereu~der~and such wm shall tlxreupon be due and
payable on the due date of the next monthly paymenf and each successive month thereafter urtil mongagee shall nofify mortgagor o1 a chanye in uxh
~ amoum. Such sums shaH be applied by mortgagee toward ~Fx payrrKnt of resl property taxes, inwrance prem~ums, .and mortgape .gwranfy inwr~nc~
{ premnw~n. ` -
IN 4VITNESS WHEREOF, the said MORTGAGOR has hereunto set his ha~d and sesl the day and yes? Iinf ~foresaid.
' ned, a Jel' in ~he presence of: ~ ~
L Willian Henry Sa ~
. ~ 4
~ - r ara . pp ~
_ rc~.q
STATE OF ftOR1~A - ~
SS.
COUNTY OF ~ ~L . .Lt1C16 '
Befwe ms personally appeared William ~ienry Sapp
Barbars A. Sa?pp ha wifc, to m~ well known ~nd known to me to b~
the individuals descrlbed in and who executed tF+e fore9anp instrvment, ~rd ~cknowledye~! beforo me th~t they ~x~cuted the ~am~ fw tl+~ p~+rpos~s
rn~,~;~, .za~,.d. ~?.,d ,~e „~a Bazbara A. Sapp
W;r. of h„ ~;d Willia~ Henry Sa~~ , ypo~ • separatf Md privif~
axaminaYw~i by me taken ~parste and apart frorr? he~ said husband, acknowledged ro and before me that ihs executsd said i~strument frsdY and volun~ '
rarily and withou! any computsion, constraint, apprehension, or fear of or from he~ said husband. ~
W[TNESS my hand and offici~l xal thi: ~S~ day o{ A. D. 19~b_
~ . ~ ~ " . - ~ C .
~ , . Notsry Public in and for Stat~ Haida st tup~
~ My Comrtriasion eupires:
Aeru~~ ro: ~ /9~~ 9
Firtt Fedenl Savings 8 loan Assotiation _ ~XCQ, ~
• i
Of Fort P~erse. ~ Q~~ ~g j
Fort Pietce. Florida ' ~Q~~ ~~~~~Y ~k^' , .
. ~~y f~~tT~j4 ,,,.,~~,:<<,~, . .
j,;
e~e~K ~;r;~.ui1 F~U~~ M ~ ~ !
RFGO~~IvERIt~~D,..ur~w~,.. `~'3v~G.
r~ ~ %
L~'~
This Instrument Pre~ared By John W. Col~~~ 3~9 i~6 ;`-j 0 T~ _
First Federa{ Savings ~ loan Association = ; _ '
. of Fort P~erce , Florida ~ ~ . ~ +~~r;: .
Checked By . a.~. 2c.~1.~n~ ~ . _ . - L'~ ~ ' ~ : ~
C, ~ ~ ~ t
~ ~ ~ f{ 'a~i~,,~;;; ~ ~
' i?~~~N r
~~t~ ~49 4~ . . ~ ~
~;~s
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