HomeMy WebLinkAbout0790 To p~~c~ •nd coro~nuouily k!ap on the bu~'J~n9~ now or ~eirsher ~itva~e on said lend and on ~L' equ~pmaM •nd penon~lly cover~ by thi~ ma1¢
y~, with al) prQmiums tAerton pad in (ull, }ire ins~rance in ths u~wl standa~d policy (o~m, en • sum •pprovad by the MORf(sAGEE, a~d rrindilam ~
inavnnc~ in tM uswl sunda~d po~~cy (wm, in a ~um •pproVed by the MORTGAGEE, in ~uch canptny or comptnip at tM' MORiGAGEE enay 3'y~
dinctj ~nd •U (ir~ arx) w~nd»orm i„sur~nce polic~e• o~ ~ny of si~d build~nys, ~ny inie~esl the.ein or pan iht~~o~, ie tFM ~pgreput w~ afor~said p ~ti
In ~aceas ~hsieo(, iMll coroain the usu~l ~tande~d mo~~gayee clawe a•uch other daui~ as th~ Mo.tyage~ may r~qu~rt, makinp ~he los~ under t~~d polF
cie~, each ?nd eve?y, payabl• b said MORTGAGEE its imereN may appear, and cach bnd avsry i~ch policy ~hall be promp~ty au qned ~nd dtlivered io !
any held by s~id MORfGAGEE at furthar secu~ity ~o said ~catgsg~ debt, and, rat leu ~Aan len (1Q) da~rt in edvsnce oi Ih~ eapiratcon of each policy, to d~- !
IivN ?o wid MORTGAGEE + rentwal Ihereof, toge~hN with a receipt fw th~ prem~um of ~uch renewal; and ~here ~~aU be no fir~ or windtium inW~~nc~ '
pl~c~d on any of ~aid build~rpt, •ny interest ~her~in w part Ihereof, un!e~~ in iM form and wi~fi the lou p~yabk as af«~uid; ~nd in tM ev~m ~ny sunn ~ j
of rtwnsy becomes payable uoder swh polity a pof~cies iaid MORiGAGEE ~hall Mvs rhs op~w~ to recrive and apply the same on ~ccaunl of IM (~bted
nfst tietu~Kl htreby O~ t0~ petmil aaid MORTGAGORS t0 rtcEive and use ii q any part ~h~••eof }or otner pu~potes, ~vithoul ~hsrcb/ waivi»g O~ ~mpAi!• ~
ir?p any equiry, lisn w riflht unde~ or by virtue of thi• rt~ortgage; •nd in the ~vero ~a~d MORTGAGORS shaU fo• any ~eason t~il ~o keep ~M :aid p.~mis~s w v~"' :
insursd, p fail b d~liver promptly any oi said polici~s of iniuranc~ to sa:d MORTGA~EE, or fa~! promp~ly fo pay fully any premium there4or w fn afly ,
r~sp~ct f~il ro psrform, d~scharg~, ~Yecu~e, eff~cl, complets, comply with snd •b~d~ by thi~ covanaro, a any pa~~ herwf, said MORTGAGEE may pl~ce u+d j~ •
pay fw suth infuranco a ~ny parl ~hereof without vraivi~g or •Ifectinp any option, li~n, equ~ty, ot nght under a by virlu~ oi lhif Matga~, and tht !
fuU ~movnt oi tath a~d ~wry iuch paymeM ahail bw immrdi~tely due and payebie and sMll beu intere~t from ~Fw date thereof ~n~il paid at th~ r~t~ ol ~
nir~e ptr ctntum per ~nnum ~nd to~rthr~ wuh such interes~ sMU be sec~red by 1M lien of Ihi~ mortflage.
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1. To permit, commit or s~ffer no waste, impairment a deterioration of •aid property a any part~thereol. !
S. To pay ali ~nd t~nyular the costs, charges s~d expenses, includ~ng a reeso~sbfe atiorney's fee and costs oF absfract~ of ~i~ta, incurred or p~id a~
any tlme by aa~d MORTGAGfE, because or in ~M event of the fa~lure on ~tu part o( ~hs sa~d MORTGAGOR to duly, promp~ly and fully perform, d~xhup~,
exe:ut~, effect, complefe, cw++ply w~th and sbide by exh and every ~hs atipulanons, agreementa, cond~s~ons. •nd tovenan~s o~ said promitswy not~ and thi~
mortyye ~ny a ei~Mr. and aaid costs. chu9e~ and ~xpenses, cach and wery. shell b~ immrd~ately due •nd payabte: whe~her w not tFKr~ b~ ~otic~ di
mand, attempt 1o to:kcf or wif ps~xl~ng; ~nd rhs (ull amount of each and e~ery such paynxN shal: baar interest from 1he dale tF+~reof until paid N tht
rale of nine per centum pur annvm; and all said co~is, cherges an~ cx, en~es incurred a paid, toge~her w~th such intarest, shall be ~ecured by tM lien oi thN
matp~ys. i
6. Tha1 (a) in the ~vent of any breach of this Mortyage or deiault on 1he part of the MORTGAGOR, w(b) in tt~e event any of u~d sumf of monay
herein refenad to bs not promptly and fully paid within Ihirty (30) d~ys ~ext attcr Ihe same severally becoms dua and payable, withoot dertsand w notite,
or W in the event each snd •~rery the stipulationt, agrceme~~ts, co~d;tions and tovenants of sa~d promissory note aod th~s mortyage any or either ar~ nol
~uiy, promptly ~nd (ully performtd, d~scharged, e+eccurrd, effected, compteted, complied wifh •nd ab~ded by, then in either w ~ny ~uch ~v~nt tM taid
pre9ate sum mentioned in said promissory ~ote then remaining ur.paid, with interest accrued, and atl moneys secured hereby, shall kxcome dw ~nd pay-
able (orthwith, or thereafte~, a? the oprion of said MORTGAGEE, ss fully and comple~ely as if all of the sa~d sums o) money were originally stiput~ted
to be paid on such day, anything in said promiiswy noto w in this Mortgage to the con~rary no+wi~hstand++~p; and thereupon w the~rafler at ths option of
taid MORTGAGEE, wi~hout notite w demand, suit at law ot in equity, thrreforc ot thereafter begua, mey Ee prosetuted ~s if •II rtWneyt s~tured hsreby
had matured pr~o~ to ~ts inst~tur~on. _
7. That in fhe evenl that at tne ~nni ~
beg' ng of or a~ any t~me pe~~ng any ~uit uFon thls Martgage, a to fpeclose n, or to r~form it, or to enfwa
payment of eny claims hereunde~, siid MORTGAGEE shail apply to ~he Court ha~ing ~u:~sd~cNOn thereof iw ~he appointment of • Reteiver, i~ch Court ~hall
Fwthwith sppant a receiver of said mortgsged property all and singutar, inuud:ng all and s~ngular the imcome, p~oti~s, iss:.es ~nd ~evenuea from what~ver
wurte derived, exh and every of which, it beinp expressly unders~ood, is herehy mo~rgaged as if ipec~ficei~y fet forth and destribed in tM ~ranting and
habendum clavut hereoF, aRd such Rcceiver shall have all ~he b~oad and effect~vr funct~ons a~d po~Hert in anywise entrusted by a Cou~t to s Reteive~, snd
such ~ppointrtxnt shatl be made by sucA Court as an adm~t~ed equity and s matttr of absolute ~iyh1 to said MORTGAGfE, and withoul rtierence lo ths
adeqvsty or inadequacy of the value of the prope~ty mortgagcd or to the io:vr~cy or insoiwency o( sa:d MORIGAGOR w ihe defendants, and that such
re~fs, profits, intome, isiuea entl revenues shall be apptiud by such Receiver acco~d~ng to Ihe lien or equity oi sa~d MORTGAGEE and the practice o( such
Gourt. .
6. To dul ~
y, promptly srxf fuily perform, discharge, execuM, ef(tct, complefe, comply with and abide by each and every Ihe stipulations, ayreements, ~
conditionf and covcnan~s ~n w+d promitsory note and thii mortgay~ set fath. , t
9. That in the event the ownership of the mort~aged premia~s, p any part, thereof, becom~s vested in • pason other than the MQRTGAGOR, th~ E
MORTGAGEE, in successors and assigrts, may, wi~hout notice to t}~e MORTGAOR, dcal w~th such successor or suctessor in interest with rcterente to this i
mortgage end the dtbt hereby secured in the asme manner as with Nbrtgago. withou? M~ny w~y vit;ating or dstharyirg the Mortyagori li~bility hera
under or upon rhe debr hereby secured. Fto sale of the premises her~by mortgayed and no forbe~ru~te on flle parf of ~hs MORTGAGEE a its i~,ccaasors
w aisigna and no exrens~on of the tinr_ for the paymenl of Me deb~ hereby s~cu~ed piven by the MORTGAGEE.or its successors w ass~gns, shall operats
1o release, d~xharge, modify change w affM' the aiginal liabll:ty of the MORiGAGOR herein, either in wlwle or in part.
10. It n spec~fically e9reed that time is of the easer.ce of Ih~s contract and that ~o waiver of any obtigation F~ereunder w of IF?~ oblip~tion sr
tvred hereby shail at any time thereafter be held to be e waiver oF the terms hereof or of the instrvment secu~ed herby.
I1. In add~t~on to ~he forego:ng monthly paymems of p~i^c paI and in;eres? rcquired by the piom~ssory nore secured hereby, mortgagw tov~nants
and agrees to pay to mortgagee •..ith each rr,oNhly paymeM an add:rienal sum est~n:ated by mortgagee to be equal to 1%12 of the annual coft of tFx follow-
ing:
A-All real ptoperty tax2s le~ied or assessed against the ai~ove described rea~ estate.
B-Premiums on fire and wir.dsrorm insurar.ce as hrre~n req~~:red to be ca.ried on ~he ima~ovements situate on the ebove deacribed premises.
C-Premiums on wcfi moregage guaraMy insurar,ce as morrgagee shall from time to time deern fk to tury oe the bart cetured hereby. ~
Mwtyagee.shatl irom time to time natify mortgagor in writing of the amouM d~e and Fsayable hKtunder snd ~vch wm.shsll therlupon Ik due and
payable on the due date of the ncxt month{y payment and each successive momh ~hereaiter urti{ mortgagee shat! notify mortgagw of • change ia such _
~ amount_ Such sums shall be appiied by mortgagee toward the payment of real property taxes, insurance prem:~ms, and morigage guaranfy inwrante
premiums.
, IN W~lESS WHEREOF, the sa~d MORiGAGOR has hereunto set his hand a~d seal the day ar~d sr fir~t afor said.
S~ e9~ Sealed and del'vered i~ presence of: ~
~ ~ , ~ ~1
L~y~~F ~~iEINT~L~. " ~
- ROGE~ F~1TRlS ' c f Seaq !
CtE~~r. C,ri~.11T COURT , ,
~ ~ _ Q;~r.G . ;Ea,;ctE~....~..-~~.. a . a q ,
~ ~Seaq '
SiATE OF FLORIDA ~3 ~Q I+Z 1~,'~~ ~ ~
couNrr oF St . I.uc ie `;`3U~`~1'
Betwe me penonally appeared John F. Ta11COtt
Olivia TSZZCOtt his wife, to me well known and known lo me to be
the individwls described in ~nd who axetuted the fotegoing instrument, and ackrwwledged before me fhat they exacuted the same fp the purposes
rr~.e~~ ~x~.~.~d. a,d ~n~ said Olivia D. Tallcott ~
w~fe of tM said John F. Ta11COtt upon e sepaste and pin~t~
examination by me taken separate and apa~t fran her taid hvsband, acknowledged to •nd before me that ahe executed said instrument fre¢ly ud ~rolvit
tarily and w~thout ~ny compuls~on, constraint, spprehens~on, w fear of w from her said husband.
WITNE55 my hand and offic;al seal this~ _ day of YCh A. D. 19~G_
~ 6
Notary Public in d i the State of Fbrida at l~ry~
~ My Cornmiision a~ pires: •
Return To: ~ '~ry ~ ~
First Federd Saving• 3 loan Association
Of Fort P:erce ~ ~ ~
Mi+i~ b~t AiMrlt~ Flr~ ~ Cmrolry/ C~.
fort Pierca Ftorida
, . If.
' •
This Instrument Prepared By Donald B, Hughes ~ ~t I
First Federal Savings ~ loan Association ~ . ~ ~ v ~ ? "
F loz ida - , =
of Fort Pierce s _ • t• -
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Checked By ~.reJl~ f,~ fV~~ = : ~ ~
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