HomeMy WebLinkAbout0842 T~ pl~c~ and con~inuovsly kkp oo tMe buitdmgs now o~ MrNhM NtWt~ On Nid IMd ~t~ On ~II pviprtNnf N~ pwiondlY oovKtr! by lhii ~noetp~
p~, w~th aU !x~mivm~ ~hereon p~~d in (ull, fir~ inw~~ncs in the uswi ttudard po~icy torm, in a awn appru~~d by tM MORTGAGEE. •nd wind~tonn
1nsw~~+cti in tFa uswl aanda~d yol~r fam, in ~ wm ~pproved by th~ lNORTGAGEE, in s~rch wmpany o~ tanp~nia u tM NWRIGA('sEE m~y
~~cft ~nd all ftH a~d windsto~m inw~anc~ policies a+ any Of Nid ~llidif~t, My ~Iflffsi 1MfH11 0I pNi II~flM~. ie th~ pprsy~u ~wn ~fa~said or r
ie ~ohs thenof. ~MII co~ain f!a usvst standud mor~ya~ dau:~ a tuch otMr clatn~ tM Mor~qpN may rpv~n, m~kinp tM tosi ur~ sa~d po14 r n
ti~s, eath and wNy. paY~bie ro tsid MORTGAGEE ~t in intaqt may ~pp~at. and Nth ~nd ~wlY t~th polity ~Fyll b~ ptanplly au:pMd and dtliwred to
~ny held by ~aid MORtGAGEE s~ tu?~F+a~ securisy to said nwr~Qa9e deb~, aed, ow bss ~Fwn tM (10) days In advanc~ of ths ~~cp&~tion of each policy, ro d~
tiwr ro aM MORYGAGEE • r~wal tM~aof, tope~hur wi~h • ~ece~pt for tM p~~ium of such rsnew+IJ and ~h~r~ ~II be no f'u~ or windi~wm inswanc~ '
pl+ad on ~~y ot said bulFdings. any i~t~r~st ther~l~ or pa~t ~henof, _unku i~ th~ fam ~~d with tM loss payabl~ a•fwyaJd; ~nd in ~Ir ~wnt ~Mr wm ~
of mooer b•cwnes pay,bk w+d.r wch pol?cy or ~~c;es s+~d MOR~GAGEE slwU F~aw iM optwo to naiw uxl spply N» ssm~ on +cww?t of th~ i~bted~ '
nes~.~cw~d Mrtby or w psrmit faid MORTGAGORS ~o ~eoaiw and uN N a any oa?t thereof for other pvrpt»e~, wi~hovt thareb~ waivin~ a unp~ir ;
tnp sny equsty, lien or re9h1 u~d~. w by virtw of this mortyiyer u+d in tM wem N~d MORTi',AGORS sh+0 for uiy nawn fatt tv kKp tM aid pnmises w
irawed, w f~il ro d~liv~r premptly any of said pol~cies of irnurana~ ro~aid MORTGAGEE. a fa;l promprly to pay fuUy ~ny pr~mivm ti,~nfa w in aMr ~-y. ~
resp~ct fail w perform, discharg~, eaecute. eNM. comptete. tomply wlih and a5id~ by this covanant, o. .ny Pan h..wf, said MaRTGAGEE may pl~ty and ;
paY fw iuch Ieuurar+cs a aay paA ~Mreof withouf waivirg or aff~cll~+p ~rryr opfan, li~n, puity. o? risht ~ndN or by virtw of t~ds Ma1~a~, and tM j
full arr+oun~ o~ each ~nd ~wry t~ch psym~nt shall be immed~ately dw w~d p~y~bl~ ar.d shall bss~ ints~est from 11+~ dat~ thcreof until paW ~t t!w ~at~ ol
nin~ psr ce~tvm~ pa annvm u?d toge~he. with ~uch interest shall be ~ecurad by tM li~n oi thFs mort~ps.
4. To pNmit, caendt o? suffa no wa~H, impa'ument or deterioration of ~aid propKty w any p~?1 ttK?sof. ~
S. To pay ~11 and dnpvfu tM co~ts, charges a~d ~xpen~es. iRCludinp ~ ressonabl~ ~ttorn~y's f~s and cosh of ab~nacts of tiN~. i~cwnd o~ p~id at ~
~ny tmw by said MORiGAGfE, beceuse a in ~hs ~wn~ of ~ho f~ilwe oe+ ths part of ~he said MORiGAGOR.ro duly. pompNy and fvlly pKio~ny dwcha~
exscut~. ~ffect. compfene. compty with ar+d ab~de by each:~nd every tFa ~~ipulatioe~, ~preemenn, ca+ditio~a, and ooven+nts of ssld promiswry ~ot~ and thi~ ~
mortya~s any or ei~her. +nd said costs, ctwgas and ex~enses, each arx! ~wry. shall b~ immadiat~ly due snd pay~bltt whether or not tl~~ b~ notiu da
mand, anempt ro collect or svit pendingj ~nd the fufl ~mo~nt of ~sch ~nd evsry wch payment iiwll b~a. Inrereit from ths dat~ thsreof until paid ~t tl+~
.ate of ~ine per centum per ur~umj and all se~d costs, cF~pu u+d expense~ irKVrrw! or pakl,.topetha with wch int~rtu, sl»U M sacvrd by 1Fr lia~ of thif
;
6. TMt (s) in the event of any brexh of ti+is Mortyagt w d~favlt on ths part of the MORTGAGOR, w tb) in tF~ ~w~?t ~ny of s~id sum~ of moMy . f
hereM nferred a b~ nct promp~ly and fully paid withi~ thirty (301 days rtexl after tht sam~ severatly bKUme dw a~J payabl~, wittqut demand or nptKt.
w W in ths ewnt sach ~nd ~very the uipularions s9reemenn, conJitions snd coven~nts of sa~d promisswy nott ~od tfus mortp~ ~ny or ~itha sre ra1
iuty. p?omptip and fuliy pKformed, dixha~ged. executed, eifeded, compl~ted, compiied with and sbded by. ttwn in tithar or any such ~vent tlw said ~g ~
yreyste sum mentaned in said promissory note then remaini~p unpaid, with interest ecuued. and all moneys seC~red hersby. sh~ll become dw and pay~
able fathwith, or thereafter, at ths opt;on of s~id, MORTGAGEE, as fully and completely ai if all of the iaid wms of mw~ey w~n pginally at~pulated
to be paid on s~c:~ day, anything ire ia+d promitswy nota o~ in this Mort~aQe to tM co~traty notwithsundiny; ~~d thwwpon w ther~sh~r il tM option of ;
iaid AAORTGAGEE, withoW ~eotKe a demarxl, wit at law or in eqvity. ther~fa~ a tt.ereafte~ b~Qun, may b~ prosen+ted as ~f all rnorwy~ ~curd haeby =
;
hsd~maWred prwr to its ins~itution. . ~
7. Thst in ths event that at the begiru?inp of or at s~y tims pending ~ay wif ~pon this Mwtp~ge, or ro forecbs• k, a ro~eform H, or to ~nforq i
psyment of any claims hereunde?, uid MORTGAG~E sMll ~ppfy ro tF~e Coun haW~g jurisdiction tFxreof for ths ~ppantmeM of a Rec~iwr, wch Co~rt sFuli
Forthwirh sppoiM a receiver of taid mortpaged property ~ll and sin~ular, Includ~ng atl.and tinpuMr 1M incom~, profits, fuws u?d ~tvenws from wMtw~r
~eu?u derived, each a~d every, of whKh, it beiny expressiy underseood, a hertby mort9a~ed a~ if ~paci(iully sN fath ~nd dNCrib~d in tM ~ram' and
~
habend~m davses hereof, and such Receiver shall Mve all the broxd and effective fvnct~o~s and powers in anywise entrusted by ~ Court io • Receivtr, and
tuch sppointment chatl be made by svch Cowt as an •admitted puity and a raatf~r of, abaolute righl w said NWRTGAGEE, and without rofairente ro tl+s
adequscy a inadequacy oi. the value oi the properfy mwtpayed"o~ to tM solvency a insolvency oi ~Id MpRiGAGOR p ihe def~ndanfs, and that such
/re~~n~r~s~, profin, income, iuves aod revenues thall be appl~ed by svch Receive+ acc«d~ ro ths liem a equity ot said MORiGAGEE ard tM prsctics of such i
~.\IM~~ . . . J
8. To duly, pramptly and i~lly perform, disch~rge, exewt~ effact, compltte, comply.wilh and ~bide by sad~ anc! ewry tM stipulations, agreert~enp;
conditiora snd covcnants in said promissory note and Ihis mortgsge set fatb. ~
9. That in tfie wem ~he ownershtp of the mortgaged prr.r,ius, a ae?y part theraof, becanes vested in a penon othar tFNn tM MOR?GAGOR, tM ~
MORTGAGEE, its succeuon u?d auigr», may, wittw~f notice to the MORTGAOR, dca! with sucl~ wccesw~ or s~xassw in intereat with referaxe, ro this
mortyage ~nd tFk dtbl Msreby aecw~d in the same manne~ aa with Mw~Qa~or without in sny wq vitiatinp o? d~scMrpv,p ~ Mo?r~.po.s• t;~b:lity FMrr
under or upon the dcbt hc.eby secured. No sak of tAe prsmKes hereby morigaged and no iwbeawnu on the psn of th~ MORTGAGEE w iri succ~sssors
or_sug~s s~d no ez~enslon of.the time for the p~yment of ths debt he~eby aecured piven by the MORiGAGEE•a ifs wccssiwa or ua~gra, ahall Opaat~
:o r~kase, discharg~ modify chsrge w affect the origin~l tiaoility of the NIORTGAGOR hsrein, either in whole a in put. .
10. It is specifically agreed that tirne h of the essence of thh tontract snd tt~t rq waivK of ~Mr obYgation huNx~der ot ot- fM obllyation sa ' ~
cvred Mreby shall st any time ?he~eahe? be heW to be a waiver of tha terms hereoi a of the G+ittwnent aecwed herby.
ll. In addition to the fore9o:ng monthly payments of pri~c:pal and i~teres~ required by the prorri~ssory rate tecwed heteby, mo~qapor wwnants
and agrees to pay ro mortgagee with each mon~hlY paYrnent an add,~iona) sum estim~?ed by mortgage~ to be eqwl to 1/12 of the anrwal cost of ths follow-
. . _
A-AII real~ prop~+ty taSces I~vied a assessed againat the above ilescribed real estaN. '
B--Prem~ums on fire and windsro~m insurance ss herein requ:red to be carried ors the improvtmerts siwate on the above described premises. .
C-Premiums on such mwtgage gwra~ty irssurance as mortgagee shsll _from time to`time d4em fit to urry on the Iwn secu~ed hereby. ~
- Mwtgsgee shall from time to time notify matg~gor in writing of the amount dve and payab9e hereu~cier snd suc!? wm sMlf tF+ereupon ba due and g
payabte on the due date of the next monthly paymeM and each successive month thercafter until mutgsqee shall notify mortyagor of a charge in suth {
; amovnt. Such sums shall be epplied by mortgagee toward the payment of ~ea! property taxes, inwrs~ce prem:ums; end mortg~ge guar~nfy inwrance ~
I premiums. `
~ WITNE55. WHEREOF, the said MORTGAGJR has hereunto set Iw ha~ and uai the day and ~ firat ifwesaid. s
p Signed, Sa~led nd-d~liv the preaence of: ~
! "~~`~fILfD ~~CORDEO • . :
~ ST. L'JC~F GOUNtY ftA. q
- p~~`.; r4s;n~,S Lurt . Mawbra ~
~ C~~?K ~1 •L'J1T LOURT i 0
~ t~:..__ ~ oECLF _ v~~,~ : ~ awbza
_ 46 ~H'~ fi ~
STAiE O~pap~c V I RGIN IA ~e ~ ~
~E~ ' ~ ~ _
o~ , ~ a, n . 32~19 •
eef«e m. ptrson+~~y,pp...~d Lurtv H. Mowbrsy z
Sonhie M. Mowbrav wif~. ~o n,e we~~ kra~, ,nd kr~ow~, to r~ to b~ :
rhe individwb destribed in ~nd who exetuted the taeyoiny Lutrumsnt, ard atknowledped before rn~ that tMy executed the wne fo? the purpoaes ~
thereu? expreued. And the ss~d Sonhie M. Mowbray - t
w;i. af t1,~ N;d t_urtv H_ MoRbta,V . .1e ~ ~
ex~mination me taken se rate and a rt from her said husband, ~cknow V~ ~r
bY Pa Pa Jedgrd ro and before rr~ ihat sh~ execvted said irotrurtient freely uu! volwr
rariiy a~d without any compulsion, constraint, ~pprehemion, w fear of or from her said husband.
WITNE55 my hand and official seel this_T e,Y ar Februar ~ p. 19 76
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l'~ Notsry Public h+ and i tM Sbt~ of y~
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~ My c«„m~.~«, .x~a: y .a 2 , ~ ? ~ ~ :
Retwn To:
~ Fint Federal Sarings 3 loan Assxiaticn ~
` ti411.-~~Fi r
Of Fort P.erce. ~
~ fort Pierce. Florida ~~`~l~ t~ ~f 1~'~i ~
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This Instrument Prepared 8y J. Wal Robezts Jz. ; f
First Federal Savings ~ loan Assotiation ' ; _ "~'rJd ; ; {
- of Fort Pierce s Rlorida 33450 - ~~b;`
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~.dY. L `J p` s~ ~ ~i~~ o ~ _;+a1~. ,
~f1~CGl By ~ p'.`1~ w i~ ~~1~ ~ ''~r. : r ~i " .
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