HomeMy WebLinkAbout0029 3. To plate and ccnhn~o~3'•y keep on tne L~.'d~~~gs ~~ow w h:reaiter ~rf.,ar~ on said ~axf •nd on al! cqu~~;,non~ and per~ona~ly cov~r~d by thit mwtq~
~gs, with all premium~ ihrreon pa.d i~ Iull, fira ins~r.nca m ~he usuat u•~~derd Not;cy fo~m, in e s~m appro~•ed by th~ MORIGAGEE, ~nd wind~torm
insur~~c~ in ~M usud ~~snda.d pui cy fonn, 1n • sum a`pro.cd by ~he MORiGAGEE, ia svch corr:pany or tomp~niet as tM MORTGAGEE m~y
directj and all fire and w~nJ~~orm ~nswance pol~re• on sny of sa+d buitd~nys, any in~ere~t Iheroen w pa~~ thereoi, in ~M apgreya~e wm afa~s~id w
in exceu Ihereof, iMtl comain the u?uai standa~d monyegae ;iau~s w wch ofhs~ daus~ a~ th~ Mo•tyagea may ~equ~ri, m~kinp tM loft unde~ ta~d pol~
ciy, each and w~ry, psyable to said A10RTGAGEE a~ ~i~ ioterest msy ?ppea?, ~nd each ar.d every such po~ic~ thall be prompfly ats.yned a~d dtii+ered to
any heW by said MO~TGAGEE ~s fu.~her ~ecur~ry ?o safd mwtybpa debr, •~~d, not leu tF+~n ten (10? dayt in advanc~ of tht •xpir~tiao of each policy, fo dr
~~~N 1o wid MORTGAGEE a r~~~wal thereof, ~u9ttM~ w~sh a rece~p~ for ~Ae p~emium oi such tenewal; and ~here ~hal! b~ no fire o~ ~vinds~o~m insurant~
placed on any of said buitd~ngf, sny inte~e~t therrin or part thareof, v~ltsi in ~he fo~m and w~th IM lou payable at afaetaid; and irt Iht tvtM any iuen
of money becanei payable undr. such policy w pol~c~~s taid MORTGAGFE eh~il have ~he ope~on to rrcri+e and •pp;y the sa~ne on accoum o} tM indsbted
Mfs tKUreJ herQby w to permit saed N10RTGAGORS ?o receive and usO i1 p eny ~•art tLr~eof for oti~rr p~uf psrs, w:~hout th~reb/ warvin9 O~ impair•
i~p any equity, lien or right under w by virwe oF th:i ma~tg~ge; snd in the event ~a~d Mt7RTGAGORS sl+all ta~ ~ny ~~aso~ fai~ Io keep the said p~emises so
inaured, o~ fail 1o de:~ver pro.nptly any of aa~d pol~cirs of inwr~nce to u~d MORTGAGEE, a ta~l promprly to pay (u:ly any premium thcrtlor w in a~y i '
r~ipact fail b p~~form, d+schsrge, sxecw~, elfect, con,plete, ~omply ,roiih and ab~de by th~~ covenaro, or any part hereof, faid MORTGAGEE may pi~ce +nd
pay fer suth inwrance or ~ny part thaieof w~tho~t waiving or afFectiny ~ny optiw~, lian, equ~ty, ot right unde~ a by virtw of ~hi• Morf~ays, snd tht
full a~rw~n1 0( each and evsry such paymem shall !r iminediately due end payable •nd ahall 6eu inf~rest from t!w dat~ ~hcreof until paid n th~ rat~ ol ~
nine per c~ntum psr anuum ~nd to,~rther with s.th interrst shai~ be sawred 'uy the I~en of this rrwrtpage.
To permit, commit or sutfer no weste, impairrnenl os detenoration of sa~d property a any pirl ~hereof.
S_ To pay all and singuiar the costs, cha:ge~ and expenses, includinfl a reasonable at~orney's fee and cous of abstracts of title, incurred pr paid at
sny Iime by said MOR1GAGfE, because o~ in tkc event of the (a~lu~e on ?he pan of the said MORTGAGOR Io duly, promp~ly and fully perfwm, discMryR ;
exccute, s(fec~, comptet~, comply with and ab~de by each and every the stipulet~o~s, agreements, conditiens, ~nd covenanta of a~id promiuory nott and tht~
mortpsge any w eiti~, and sa~d costt, cMrgai and expenxs, each and tvery, shall be immerd~ately due and payabfe; whether or not ther• b~ notite de
mand, sftcmpt to coElecl w suil pend~ng; and the f~ll amo~nl of each end e~ery such payment shell kxa~ ~nterest from the date thereof unril paid ~I 1he
rate of nine per crnn,m per d:lnl~'Tlj an~ all said ccsrs, ct~argrs ar,d esys~~scs ~r~curred w paid, to5~ether ov~th such imereal, shall be secured by the lien o1 thi~
mOrlDa~.
6. That (a) in ~he event of any breich of thia Mortgage or defav!t on the part o( the MORTGAGOR, or (b) in the evenl any of taid tumt of money
F-rein roferred ~o be no1 prompe;y and fully peid w~rh~n th~riy (3r71 days neal aiter the same xverally becorns dus and payable, without de.n~nd w notiee,
o- (cl in the event each and every ~he stipulatio~~s, a~rremrNS, cosd~r~ons and tovtnantf of sa:d promiiw.y note aod ~h~s ~wrtga9e any w either •re no1 ~
~~:y, prompvly and f~lty pe:formed, d.scharged, execured, effieded, compte~ed, compiled wirh and abided by, then ~n enhe~ w any s~rcA event IM said ag
~reg~ta sum mentioned in said prornissory note then rcTalning unpa+d, with intereat accrued, and a1f moneys setured hereby, sMll betome dw aod p~y~
able forthwirh, w ~herea(ter, at the epr~on of sa~d MORTGAvEE, as iully a~,d compietcly •s if all af the said sums of money we~~ orpinatly ttipulated
to be pa~J on such day, anyth~ng in sa:d, prorr~ssory ncte or ~irt this 115o~tgage to the caetrary notwi:hatand~ng; and thereupon ar the~esfter at Ih~ option of
said MORTGAGEE, wuhout ncitice or dema,~d, svrt at lew or in equ~ty, therefore or thereaiter be9~n, may be prosecuted as if ai) monsys fetured hmeby
nad maWrcd pr~or Io ~ts instituuon. '
7. That in the event thaf at the beginn~ng of w at any t~me panding any wit upon th;s Ma+gage, o~ to foreclose if, w fo reform it, or to enforce
payment of any cla~ms hereunder, said MORTGAGFE shatl app~y to the Coun having ju.~:dk.ion thet~of~for the appointrt?eM pf a Receiver, such Court shall •
ferthwirh appoiM a receiver of said mortgaged p+oFerty al! and singular, incl~,d,rx~ all and singu~a~ the incomc, prot~fs, issueti and revenues from vrhatever
s~urce derived, each and every o~ which, {t being eapressly und~rsiood, is F.errby mortgaged as if tpeci(ically set forth and described in tF?e ~ranting and
hatxndum dauses hereof, ane! wch Rece~ver shaN have ai! tbe broad and efiective funct~on~ and powcr~ ~r~ ~aywue entrusted by a Cou~f to s Receiver, and
t~ch appo~ntmtnf shalt be made by such Co~rt as an admitred equiry a~~d a mare~ of absotute righ~ to said MORTGAGEE, ~nd without reterente to tM
adrquacy or inadeavacy of rf:e va~ue of the proFe~ry mortyaged or to the so~vency or ~nso~~ency o} seid MORiGAGOR er the defe~dants, and that sueh
rents, profits, inco~ne, isw:s and re.en~es shii! be app;~ed by such Rece~ver e.;ord~ng to tFx lien or eq~Ity of said MORiGAGEE and the praUite af svth
lourt.
8. To duly, prornpt!y and fully perform, d~scl~arge, execute, e(fect, comple~e, comp~y w~~h and abide by each and every Ihe stipulatians, r reemenri,
;ondition~ and covenants m seid promisswy nole and th:s mortgage set forth.
9. 7hat in the event the ownership of ~F.e mo: rga~ed premhes, or any parl thereof, becomes ves~ed in a person other than the MORTGAGOR, fF?e
h10RTGAGEE, irs auccesson ar.d assig~s, may, wi~hour notice to the ASC~RiGA~R, de+i with such wccetsor or wccessor in interest wifh reference fo thit
rnonqage and the debt hereby sec~red in the same manner is w~ih thortgagar witF.out in any way vit~ating or d~xharging the Mcrtgagors' li~bility here-
;;nder w upon the debt hereby secured. tYo sale of ihe prernises hereby mortgaged and no forbearance on tha par~ ol fhe MORTGAGEE w ifs suttetsws
or assigns and no ex!en:~on of the t+rne for the payment of the debt heieby xcured given by tbe MORTGAGEE o. its succe~sors o~ ass~yru, shall operaq
ro release, d.scharge, modify charge ar affect the origmal liab~ldy of IFu MORTGAGOR hsrein, ~ither in whole w i~ put.
f
10. It is spec~fically ag~eed thar ~ime is of the eisence of this contract and that no waiver of any obligat~on hereunder p of the obligation st ?
cured hereby ahalt a~ any time th~reaher be heid to be a warver of the terms hereoi or oi the instrumeM secured herby. ;
I1. In add~tios to the forege ~.g mo~thfy pa~ments of princ pat and i~ete-est required by the prom~ssory note secured hereby, mortgegot eovenants ~
~~~d agrces to pay to mortgag¢c wuh each monthiy pay, ,ent an add~rionsi sum es~~,nated by mortgsgee fo be equal to i~ 12 of the annua) cost of the fol{ow-
ing:
A-Atl real property ta,ces i^~r-•d or assessed aga~•:st the above des:-~bed reai estate.
B--Premiums on f~re and windstorm ~r.s~rarce as he:e~n requ;red to be ca•ned on the :muroveme~ts :ituate on tF,~ sbove described premises.
C-Premiums on wch mortgage gua~anty insvra~ ce as mortgagee sha{I frc~n Yme to time deem fit to cerry on the Ipan secored hereby.
Mortgagee s6a!! from t:m to t~me notHy. morry-agcr in wr~t;ng of the amovn? due and payabte hereunder and such wm shall therevpon be due and
~ syable on the due date of the nexr month:y payment and each success~ve m,o~.th the~eahar ur:t~i mortgagee shall notify R~ortgagor of a change in such
z~:ount. Such sums stai( be a, E:;~ed by mortgag«r tov+ard the pa~men! of rea! property taxes, insurente prem:ums, and mortgage guaranty insurante
tremiums.
i
IN VJIS E55 'NHfREOf, tF~e said ORTGAGOR ha here~nto set h~s hard and seal the day and yesr (int aforeuid.
Sig 'ed and de er in esence of•
i ~t~E,,..~ =.~-.;-!D=a
' ST. LU°'C ~ ~U~TY FC~. ` •
~ \ o . s y
; _ ~vi - - ?!S ~ ~,n
' ~~s: ~ ; CURT ~ ~
~ _ -n : z! ~ . . • - _ . a O yn ey Seaq
aQ
€ 5(ATE OP FLORIDA v l~ur 3 i ko PH'1b 33~~i
i ~GUNTY OF St ._LUC 1Q _ ~
i Before me perwnatly appeared _ BObb~ E, AS11i@y
= Carolvn Ashlev his wife, to me weEl known and known to me fo bs ~
the individuals desvibed in a~d who executed the fwegoing ::~strument, and acknowledged before me that they exetuted the same fw tF?e purposes !
~ rherein cxprcssed. And the s~7a___ _ Caro2vn Ashley ~
Bobb E. Ashle '
~ r~ife of the said Y - upon a sep~rste end privat~ ?
examination by me taicen separale and apart from her sald husband, acknow:edged to and before me that she executed said irutrumrnt freely and voluo- t
3 ~aril~ and without any compuision, constraint, apprehens~on, or fear of or from her said husbar.d. +
i +
WITNESS my hand and official seal this_______~~-~ _ day of_ ~ p, p, ~q 76
- ~ ' i
` Notary Public in r the State of Florid~ at larpe ~
i My Commission xpi
Return io: ~~{prpry Pyblic, Slote ef Horida ot Lary~ ~
t First Federal Savings 1L luan Assctia!.on ~ C~~~~ E~m )~r n, ~~n
OF Fort P e;ce
~w+a.a ~y ~.ko~ F;n a c.~~lh ce..
fort Pirrce. Fiurijs
. .J`iy-
This Instrument Prepared Sy Gary F. Ellwood ~ ~•~^~_p-
First Federal Savings & Loan Association : i
~ of Fort Pierce~ Rlorida ~ : - ' ~ ~
€ - ~ ''~'O~ ~ • ~
c Checked BY i ` . ~ 2 ct ~ r. ,
; jy-. ' = _ . ~
v ~ ~ ' Y'.:-~-. t ' 1S
,fI/)l~llii:`t~~.. ~ R f
E' FAGE ~ sh
f . ~
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_ . _ _ - - -
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