HomeMy WebLinkAbout0398 To plncC .^~d c~~nLnuo~sly keep on the F._ : cl r ys noN o~ hr~eaire~ s~t_atc cn s~ d land and on o:~ r~~.,~~,n,rnt a~d ytrsonally co~e~ed by thi~ mWt~-
sfle. wi!h •II prem~i.~na th:_veon F:;J +n lut~, ~~n_ +~.s:~o~:c in ~h.~ uswl sta~xlud pp:~ty Fotm, in s~..m aNp~uv~K! by thr MORI(r4vEE, and winditWm
insurants In ths usuat s~.~nd,rd ~ o~.cy fu~~~, in e a~:n app~c.ed t.y the MO~cTGAGEE, in tuch company or compenies ss iha MORTGAGEE may
d~retl; and d!1 fi:e and w.n.lawrin ins~rance Nrol~:•e~ o>> eny of said bu~W.~ys, any in7aient therei~ o~ pe~t Ihtrtoi, in ihe egqrcyate ium afOtet~id Of
in extrst thereol, ihell cunrain the ~wal siar-de~d ~no:~~egae cta~se oi such o~her clause ss the !,Aoriya3ee may roquue, making rhe loat w~der tia~d po14 •~,r
cies, e~ch and every, payable ro •o~d A10RTG.AvEE af ~ts ~nt~~rrs~ may eFprar, an~ each and e+e:y svch potx~ ol:all be p~omp~iy aupned and de~iveeed lo
~ny held 6y sald MORTGAGEE es f~raLer secur~ty ~o a,+d ~norrgeq. drb~, m d, no~ Ie~s ~han ten t101 days in advance o) the ezpiration o( each poGty, to dr
live~ 1o said ir10RiGAGiE a renewal ~he~eeF, toqc~hrr w~~h e rece p~ for ~he pram~um of such ~encwa~; and there shal! be no fue o~ windsro~m in~w~nce
plxed on any of said b~ild~ngi, any intcre~t thrre.n or Far~ thereoi, unfrss ~n the form and w~~h ~he ~ou cayable as a~cresaid; and in ~he evanl any sum
oi monsy becanes payab~e und~r s~ch po!icy or poi~c,as said /~10RSGAGEE a1,.11 here the o{,r;on to ret~ i~e a~d app'y Ii~e same on atcouM of the indabted-
ness sec~rrd f~ereby or tc p~rm~l said 1J:02TGAGOR$ to ~rCri~e ~nci ~sa it or p.•~S thercof for o:~r:r :sci. •vir~,•.,;~ th~..cij wai~~i~ or ~mpair-
iny any equ~ty, lien or rlyht undrr ~ by virtve of th~s matgage; and in tha event aa~d h10RT~AGORS shall for any reason }all to keep the taid premites so
inw~ed, or fsil io deliver Fuomptly any o( s.+id po6:~es of msura~~ce to s+:d MORIGAGtE, or (a~i promp~ly to pay fu~ty any pre~u~um therefo? w io a~y
respect fail ~o perfwm, d~scha~ge, exrcute, e(feu, con.piere, camply wiih and ab~de by tF~is covenant, a any par~ hercof, w~d MORTGAGEE may pl~te •nd
pay (a such inZvr~ncs or •ny part thereof wrthout w~~wng w afiecting any opt~o~, lien, equny, or r~~h~ under o- by virtue of this Mortgap~, and the
full amoum of eech ~r~d every such paymeN ihall be immeJ~erely d~e and peyable and shall 0ear i~aerest from the date Ihereo( vntil paid at ~he nq ol ,
nine pet centum Fer annwn a~:d to3elher wi~h auch in~r~:st shal~ :~e s~ wred by the I:en of this mortgage. ,
1. To permit, commi~ w suifer no was!e, impairm~ro w drter;o~ation of sa~d property or any part thereof.
S. To pay rll snd s~n~utar t!~e cast~, charges a:~d ex~xnsei, :nciuding a reasonab~e a~twney'a fee and costs of a~srr~d: of Ude, i~curred o~ paid at
any time by :a~d MORTGA'~EE, becauae a in fhe event of ~he ta~lure on ~he part of ihe said IdORTGAGOR to d.,ly, pro~npdy and fully pertorm, d~scharge.
e,cecu~e, effeu, complere, cornply w,rh and ab:de by each and every the st~pulaf~ons, agree~nents, cono~tiort~, and covenants o( sa~d prornissog~-w~• aod ~his
mortgege any or e~~her, and sa~d costs, charges and eapenses, each and every, shali be immrd~ateiy dve and payab:e; whethes or not tF.ere be ~otite d~
mand, at~empt ta toliett o? svi~ pend~ngj and tha iull amount of tach ~nfJ eve~y wch paymem sAall bear inte:eat from the date therroi until paid ~I the
ra~e o~ n~ne per centwn por annu•n; a~~d a1! said cos+s, charges and rxr~~nses ~nc~ired w paid, toqethe: ,N,th such in.aest, shall be secured by the lien of this
mw~ysye. ~
6. That (a) in tF~e evenf oi any brcach of th~s Mo~tgage or default on the pa.t of the MORiGAGOR, w(6) in the evenf •ny of said aumi of money
herein referred fo be not prompt(y and fuliy paid wim~n thuly ~30) days next ait•_r ~he same severai~y becon~e due and payable, without demand or nolice,
or (c) in the event each and every ~he sfipu:~uo~s, agreemen!s, cond~f~ons and co~enanrs of sa.d p~on~isso~y note and th~s mortgage any pr either are not
~uiy, promprly ar.d (ully pertormed, d.s:harg•_d, ezecu~ed, elfected, mrnp{eteo, con:pGed wi+h ard abided Sy, then in e~ther or any such event the sa~d a¢
p~egate sum mem~o~:ed in safd promissory nore thrrt rema[nt~g u~pafd, wl~ interest aarued, and a!1 moncys aecured hereby, shall betome due and p~y-
a~le forthw~rh, or ihereafrer, at ihe op!~on o4 sa.d h10RTGAGiE, as f~ily ar.d comple~c~y as il a!i of ~i,e said sums of money were wgi~slly slipulated
to be paEd on such day, anyth;ng in sa.d pran~tsery note o. in this Mortgage to ~he contrary notwilhstanding; and Ihereupon q thereaher at the ophon of
sa;d MORTGAGEE, wiihout na+,ce or demar.d, w1t at law or in equ~ty, thereiu~e or therraiter begun, mey be prosecuted a! if alt moneys satured hereby
had matured p~~or to i~s ins+iwt;on.
7. That in the e~ent thar af the btgir.ning oi or a~ any f~me pendiog any suft upon fh;s Phortgage, a to foreclose it, or to rofwm it, or to enfwce
payment of any claims he~eunder, said MORTGAG:E ai~atl app!y to the Gour~ havi~~g ~u~ud~a:o•~ tF,e~eof tor the appoimment of a Receive?, s~ch Covrt shall
For~hwifh appoint a receiver of said rnor~gaycd property al! and sin3v!ar, inclvd~ng a11 and s~ngulm the incoms, profrts, i:sues ar.d Ievenues from whalever
source derived, each a~d every of wh:ch, ir be~ng e,~pre::~y unde~s~ood, is hereby me~tgayed as ~f speuficatiy iet forth and described in the gron~iny and
habend~m dauses hereof, and such Receive~ shaii have all the braad ar,d effecrive iunr,ons and powers in anyw~se emrusted by a Court to a Receiver, and
s;:ch appointment shatl be n•rde by svch Cou+l as an ad,h~rtrd equ~ty and a ma~te• of absoiute r~ght to sa~d MORTGAGEE, and without reierence to the
adeqvacy or inadrquacy of the value of the property rno~rgeged or to the so~vency or inso:ven~y o( sa+d MORiGAGOR or the defendants, and thal such
renrs, Froiits, iacome, issues and reven~es shatl be appGed by such Recerver accord~ng to the I~e~ or equrty. of s~id MORTGAGEE and the practice of iuch
Court. .
8. To duly, promptly tnd fully pe:fo+m, discharge, executa, effect, complese, coRiFl~ w~th and a~ide by each and every the atipu~ations, agreements,
cond:tions and ccvenan~s in ia~d promissory no!e and th:s mortgaye set ior+h.
9. That in the event the ownersMp Of the mottgaged premises, or any part thereeE, k;eco~nes vested in a pe~wn ofher tha~ the MORTGAGOR, the
M7RTGAGEE, its sutcessors and assigns, may,. witho~t nance to the :rOR1GAOR, de+~1 with such auccessw or successw in inlerest wi~h reference to thii
mor~gage snd ehe debt hereby secured in the same mb~r:er as wi~h /dortgagtu w~thout in any way vitiating or dixha~gtng the Mo~tgagprs liability herr
;,nder pr upon Ihe debt hereby secured. No sale of the Qremises hereby mortgaged and no (wbearance on the part of the MORTGAGEE or its successors
or ass~gns ar.d no extens~on of the time ~ot the payment of the debt he+eby se<ured yiven by Iht MORiGAGEE or its wccessws or au~gns, shall operate
ro reiease,- d~scharge, modify ~han3e or affect the orig;nal I~ao;Gty of the MORTGAGOR here;n, eitiier in whole or in pa~t.
10. h is spec~fic3lty egreed that time is ef th~ esserce of this conrrad and that no waiver of a~y obligat~on hereurtder or of the obligation se-
c~red ha~e5y shalf at any time tnerea:ter be he~d to 6e a waiver ef the terms hereof o~ of ifie instrumenl secured herby.
11. In add.ro~ to the feregc r.~ mo.^.~h!y pa~•~:rnrs o` pnn_ ;:.al and intcrest rrq~:red by the prorn~ssory no~e secured hereby, mor+~agar eovenants
and ag~ees !o pay to ~~:ortga3ee ~n:~h eech ~cnrhiy Ha;: ent an add:~~u~ea! surt, es•,.•.ated by mortgagee te be eguai to 1,' 12 ~t the annual cost of the follow- -
~n~:
A-Alt real prope.ty ta~es lev~ea or•assessed agai•~sr ti~e above d~s~~~~ed real es!ate.
6-Prern~~ms on f;re a~J wirttfsic.:m inwrac,e as i.c~c n req•,:red to be carned on the ~mrrovements s:tuate on ti,e above described premises.
C-Prem~ums on svch mor?g: ge guaranty ir.su.aoce as mo•tgages sha'! from Rme to time deem fit to carry on the loan secured hereby.
Mortgagee s~s~l from f~~•,e ro r~:ne not~fy rnerr,3gcr ~n v+~it;nq ef the amov~t duc ar,d payahle hereunder and s~ch surn shail thereuppn be due and
Fayabie on the due tiate ef tn~ nexe mon!I;:y paym~n+ and each successive :r.onth t^.e,eafter ur.tii mcrtgagee shall notify mcrtgagor of a chanpe in suth
?~~ovnt. Such wms sf.ali be appl~ed by mortgagee to.va~d the payment oj reat proFerty taxes, insurance prem~ums, and moctgage guaranfy insurante
p~emiums.
IN WITNESS WHER~OF, th~ sa~d MOR?GAGOR has hcreunro set his hana and sea! the day and year first aforesaid.
Si ned, Sealed and dali• red in the presence of: ~~j C~'
, i o~ Q~;
t/ e. ~
, ,-(se,q
~ - ~ Davi H. Paule ~,n
E ~ v1: ~ ~ ' .J
s~n
/ ' Bett . Paule ~ai~
~ - -
; S7ATE Of fLOR10A
SS.
~ COUNTY OF - St •
~Seig_ ~
; Befwe me personaily appeared avi~H~_ Patll6j? s~
B6tt~l N. Pauley his wife, to me well known and known to me to be
~ the individua(s desuibed in and who exec~ted the fwegoing instrument, and acknowledged tsefore me that ihey executed the same for the purposes
~ fherein expressed. And ifie said_~Ltjl N. Pauley
.v~/e of the said y
~ David H. PaN16 ~ upon e sepsrate and privat~
3 cxam~nation by me taken saparate and apart from he~ said husband, acknowledged to and before me that she executed wid instrument freely snd volur?-
~ ~arily and w;thout any comp~;s;on, cons!ra~nt, apprehens,on, or fear of or irom her sa~d husband.
~ WITNESS my hand and offic~a! seai thls____~~~~' day cf March ~ p, 19 76
a
- ~ " ,..I ~~.6-~L~
Notar~ Public in end~ or the State of florida at lar~e
My Commission expires: ~ 7 7 ~
Return To:
~ First Fe~erst Savings 3 loan lassociar,~n
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j OI Fert v,e~ce. QEQ
¢ Fo•~ v~_•~c~. ~l~-~d~ Fll~~ ~ENT'( F~~' . . . .
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q This Instrument Prepared By John W. Collins a`~ r.~ -
~ First Federal Savings 8. toan Association u.~ ,O 't3 ' ;
` of Fort Pierce , Rlorida ' ri~ J~
~ -
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~ Checked By~-- ti3a2~~
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