HomeMy WebLinkAbout0424 3. To plaa and contim~usly kt~p on tl?~ buildinps now a l.t~~ahN ~iwat~ on ~aid land aod on all sQui~et and pason+UY tova~d by lhis mwt¢
p~, with ~II premiwm~ th~rwn pa~d in full. fin i~swanc~ in th~ uwd tu~rd poticy, tor~, in • iuen approwd by tM MORTGAtiEE. and wi~tam
u~sw~nn in ~M uswl sundard pol~cy forrn, ie a sum spprov~d br th~ MORT~3AGEE; in wch comp+~Y o~ co~npan~~+ th~ N?ORTGA(3E4 may
dincb w+d ~II tu~ ~nd wincbtam insw~nw i~olisiu on sny vf said buildinps. irly inNrpl II~M~M or p~rt tMt~ol. h th~ +p~rp~~~ awe afaaafd w
In ~xcaa th~reof, sh~ll contain th~ vswl st~ndxd morrpapN clws~ a svch aha dws. a ~M klorroap~w m~y rpu'u~. nwktnp tM Iws ~nds~ said po~E
ciN, each and ~vKy. payabk a said AACRTGAGEE ~s its intaest m~y app~ar, and Mch ~nd ~wry s~ch poticy ahaii b~ panpUy as~:pMd ~+d d~liwr~d w •
~ny hsW 6y ieid MORiGAGEE as fur~her security to ~aid ma~p+y~ d~bt. a~+d. ~ot 1~ than t~n (10) d~yf In ~dvanc~ 4i tM ~~cpi~uion oi ~ach pol,cy. ro d?
Ilvw 1o s~id MORTGAGEE • rakw~t ther~of, wps~ha with • raeipt fa ths p~nium of wch r~ewwslj and th~n shail b~ no ii~ a wtndi~am i~sw~nc~
placed on ~ny of saW bvild:ngs, sny i~rerest tMrein w part tMrwf. u+d~s~ in tM fam and with tM toa pawbl~ as dor~idr ~++d M+ tM ~v~l any wm ,f~ :
of rtan~y bcanq paYable und~r- wch polity w polici~s s+id MORTGAGEE slwll !uw th~ option to ~ec~iv~ and ~pply tM ~am~ on ~aourtt d tM i~d~6hd .,s;~ :
nqti secwed hsnby or w pNmit srid MORTGAGORS W tecYiw and us~ it or any pa~t thtreof. fw orMr pwpos~a, without tMrsb~r waivin~ a m~psir- '
inp sny puity, lien w rght u~de~ w by vi.tw of thn morrypet u~d tn tM ~nnr sa'v! MORTGAGORS sMll ta ~ny nason isil M k~ep tM aid prsmises so
Mwred. w iail w dsliva promptly ~ny oi said policies o( inwranc~ ro wfd MORTGAGEE, a fail promptlr to p~Y fulty any pemium thsr~for a in any
r.speer faii ;a p.rf«m, d~scFu.gs. execut~, eff~ct, compt~te, compy wiel~ and abid~ by this eovsn+M, or +u+y p+N h~reof, aid AAORiGAGEE ~nay plau ar?d
paY iw such lnwrancs w~~y part ~hsreof wi~hout w~iv~~p a aff~ct:ep M?y optioo, li~n, equity, a ri9ht v~d~r a by vi~tw of ttih Mnrro+p~. and tM
1~I1 «~awt of sach +~od ewry such payment shall bt ~mn+edi~tely dw and p~yabb ux! ahall b~u int~rest irovn tl» d~te thereof until paid th~ r~H of ,
nln~ ps~ pnwm per ar~num and loyethe? with ~uc6 interott shall bs secured b~r fF» !»n o~ this mxt9~pe. -
~1. To pKmit, commit or suffar no ws~te, impairmenf a d~t~ria~tion oi said proparty w any part 1Mrwf: ~ ~
5. To pay a!1 ~nd sinpvlar tM cwts, charges Md sxpaaes, Midudinp a r~asa?abl~ ~ttor~sy~ fu and ao:b of ~bsUacri of /ifl~. ii+cwr~d ~ pafd ~t. :
sny tim~ by ~a+d IWORTGAGEE, b~cause or in t!v eveM of tht failw~ on ths put of tl+~ said MORTGAGOR w duly, pranpthr Md (u11y pKtan~, dixhu~
•xecwe, e(fep. complets. caoply with and abide by t~th aed every ~M ~tipulat~or?f„ pree+nenf~, tw+ditions, and oow~anb of s~id promiuory.not~ aed thls ~
mo~t~ap~ ar~y o~ ~ithM, u~d said oosn, chary„ and expsnses, e~ch and ~wry, aMll b~ knrnediately due and payabl~j wMth~r at not t1wr~ M notic~ d~ . +
mand, ~nMnpt ro tolkc3 w tuit pei+dirr~j~ ~nd the fuli amount of, wcti ~nd a~wry such p+Yment shsll bea. interes! irpn tM daN th~r~of uoNt p~ld N tM ~
rate of n:rw per ccntum per aMwm; s~ alt said costs, charyes +~nd sapeos~s inannd w paid, top~tlwr rnth such int~r~st. sMll b~ wcwed b~t th~ Iwn of thw k
, . . ~
b. TMt in tM event of ~ny br~+ch of this Mwtpay~ o~ default on tM pa?t of the MORTGAGOR, w(b) in th~ wMt any of ssid wn+s of morwy
he~dn r~fKred to be ++ot pranpNy ared fully paW withi~ th'ufy (30) days next eher the sam~ severally becane dw ~nd pay+bt~, withouf d~m~nd or notice.
or t~ in ths ~va+r each and ~very tM stip~rla~ions. agr~em~na, coed~tiau and cov~e+~nb of ia~d prdnlssarY not~ ad this morpg~ any w eitha ars nw
iuN. promptty ~nd fully perfamed, dixFwr9ed, execu+ed, ~ifected, cvmpt~t~d, complisd wnh and abided dy, th~rt in ~ithac o~ ~ny wch w~nt the s~id ap~
prepat~ aum mentaned in s~id p~anissory nore rhen .emainir~g vnpaid, witA imere;~ acuued, and all moneys sewnd her~bY, sh~ll beaarn dw snd pay-
~ble fwthwith, M tfllfNftH~ at the opt~on ot said MORTGAGEE, +s fully ~nd compk~ely a~ if ell of ~he wid wms of mont~ w~rs a~pindly stipulated
to be paid on such day, snytFw-?p in uid prom~sswy note o? in tF.is Mortyape to ~F» co~tr~?y notwi~hstandinp: ud tlwrwpon a 1her~ahK ~1 the optan of
said MORTGAGfE. w.ithout ootKe w demand, wit at law a in equity. the*dwe or tMreaft~r bpvn, may be prwacvted a if all mo~tys Nprrd hereby
Md matwtd prwt to iq institution. .
7. That in tl?, event tMt at the beginnirg of or at sny tin:e pendinp any suit upon thk Mortysg~, ar to faeclw~ M, q b hforn~ N, o? to ~nforc~
payment of ~ny daims he~eurKlcr, said MORTGAGEE ~hall apply to ths Court Mrinp jwisd~uion tl+ereot for the ~ppokNm~n1 of ~ Reoefva. wch Covrt sMU
ForlhwNh appoinl a roceiver of said mwt9aged p?opertY all and sinyutar, a~cludmg atl and sinpvlar tht incortM, pofits, itw~s and tsvtnws fran wfiattver
sovra derived, ead? ~rid every af wh~ch, i~ beiny expressty ~nderstood. is hereby mortga~acl_ s~ if specifidlF~r sel fpth and dacr~ed in th~ prantirg and
~ habendum clavses hereof, u~d svch Receirer shsll have afl ihc Moad and eftective funa~ons a~d powen in ae~rwisa ~ntrusted by ~ Cowt to • Receiwr. and
wch appointment thsll be made by such Court ~s admined eqvity ~nd s matter of absolute rqM to said 1NORTGAGEE, and witlw~t referer~ct to tF»
edequacy w inadeqwcy oi the value of the p~operry mo.tga~ed w to the sowency or insolvency of said MORTGAGOR a ti+~ defendann, and tMt s~ch
renu, profits, income, iuues and revenves sha11 be applied by such Receive~ aawd~ng to the lien or equity of s+id MORTGAGEE and the practice of wch
Court.
8. To duly, promptty and fulty ~erform, d7scharg~, execute, aff~ct, complete, canply with and abide by ead~ ~nd every the ~tipvlat~on~, praem~n»,
conditam and covcn~nb in said promissory no!e and this mortgage set forth. • -
9. ihat in t}a event the ownenhip of the matgaQed prcmises, or a~Y p~rt rimereof, becprnq vested in ~ penon other Ihan tlw MORTGAGOR, the
MOR7GAGEE, in sucussas snd sugrts, majr;` withait no~ice'to ~ths MORIG~R. deal w;tfi ivch ivccessor or wccessw in imaest with reference ro this
mwtyage and tF+e debt hereby secund 1n Jhe s~ne .o1+nn~t as with Mortgspot without ~ a+~y way viti~tinp a diKl~arpinp tM Mat~sqw~' liability Mr?
unde~ or upon the debt hereby secured. No sale of ~he prcmises hereby mortgayed, ~t~d no forMaraace- on tM W!t of th~ MORiGAGEE or Its sutcessors
or ~ssig~u and no extension of the time for the p~yment of ths debt hereby secvre~ ~~ver~ bjr tl+e MOR?GAGEE~ or iri sutoessors a utiyra, shall op~ratt
to rekase, discharge, modify chang~ or ~ffect t6e. aiyiQal Uability of 1he.IMDRTWIGOR Fwririn; ~it1.~ ~ MAwI~ or 11~ pMt. -
10. It is spec~ficslly asreed .thst rtw~e b of .tke essencs of~ this -ooqtrsct and ~Fw no waiver oi;N?y ablipatan hereunder o. of the oblipariw~ as-
curcd hereby sha11 ~t sny tmx"thereahe~ be hsW to be a waivsr of th~ tsrqu hereof or. of ttM instrwoe~l. securd herb~r.
11, in add~tion to the iwego:ng monthly payments of print ps! ~nd iMdest requi~ed by the promiuory nofe secured hereby, mort9agor townams
a~d sgrees to pay to mortgagee with each month~y payment an addi~ional sum est~ma~ed by mortga9ee to be eqwl b!/12 of the annwl cott oF the follow-
. A-All real property raxes lev~ec! or assessed agai~st the above ~ewfbed resl estate.
B--Premiums oF~ fire and w[ndstorrti inwrancs as herecn reqv:red !o be curied~ o~ the improivemenis sitiNte on Nie° ~bove~descr~ed pr'emiies.
' C-Premiums on such mortgage gu~ranty insu~irKe as rtwrtgagcc sh_4 from time to time deem fit to carry on the loan secured hereby.
Mortgagee shall from rime to. time ~otify mortgagor in writing oi the amou~t. due ,and p~ysble, i~e?eu~er. and suCh wm stpll Ihe(eupa~ !~e due tnd
payabte on the due date oi the next monthly payment and each succeuive month thereafier urtil mortgsgee shsq nofify mortga~or of • chanpe in such
I; amounL Such sums shall be applied by mortgagee toward the p+yment of rea; property taxes, inwrance prem:wns, and mortgaye guusnty inwrance ~
~ pretniums. -
` IN WtTNESS WHEREQF, the said MORTGAGOR has hereunto set his hartd and seal the day and ytar ~nt sforesaid _ ~
~ Sipned, Seakd snd detivered in the p~esenoe of:
~
,6 . ases H. rkin q
~ . ~ Q <~1C-~~ s' (5w~
t'- -7 . Yae~rls7or~nm R_ PpYlei_n~ (S~aq .
SiATE OF FLORIDA ~ _ :
St . Lucia
courm oF
Bef«e ma personaUy sppeared Ja~es H. Perkins ,~,d
D~Ia1~Aj.QifA-R. Par]ci n: his wife, to me well known ~nd known ro me to b~
the individwls detcribed in ~nd who executed the fore~oirg instrument, and acknowledped before me thst thty ~:tcuted ths sams fw ihs putposes
rn~~~~~ ex~.~a. n~d t?K ~~a Maadaleaa R. • Perkins
wife of ths ..~d Jases H. Perkins ,,?Por ,~a.srs .~,d a~~a~.
ex~mi~aYw~ by me tsken separat~ and apart from her ssid hvsband, ~dcr~ewledged to snd bafon me thst sAe execvted said instrument treeip and volur~ ~
rarily snd without any compubion, corqtroint, apprchension, feu of or fcom her taid twsbsnd. ~ ~
. WITNE55 my ~and and official seal this day of RebYUary A o. 19 76
~ ~J *AG ?t~4 A Q •
~ . T u 4+id otary Public L? ud for ths Stata id~ N t~~pe
P~~~ ~ :~~TRI~
~A. - ~ylll My c.wnmw.io~ expires: ~ I - 0 •'~~i
~ - Retu+n To: . Q(, R1C ~1R~t~1~ CGtlllT ` ~
~ Fint federal Savin9s a loan Associat~on RE~~iP~ y~RIFr~O~
~ Of Fort P~erce. . ; _ .
Fott Plerce, flwida + ~ ~1~1 . . .
r - . ~ 1~~`!' . ~3?3~1 I I .
_ 1 V . ti
32~~ , , -
~ 1., _'~,~..r.. ~ J ii~
~ ` ,
This Instrument Prepared BY J~ HAl Robert s Jr . t~~~'l d' 4'
First F e
dera l S avings b loan A ssocia tion - = f ~ i~.:~ r _
~ ~ of Fort Pierce ~ Rlorida 33450 ~
: ~~.!*yG~•
Checked By ~ w ,
' . ' " . ' ~•~`~s``= s. '
~ ,~,~g ~ ....:.._.s:~ : -
. . yftt N, PAGf ' - f •-4~ ~
. . , _ . 1 . . ~ .
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s' ':;°`~-~'*~.~'"_?`~'"yi ~ R,~""~.~~_ s, . . - . - - I j ~ -
..~a ~ ~-_2--a ~ >
_ . » ~ ~~~'~''~~'Se'2
_ :3 ' - _ ` -