HomeMy WebLinkAbout0031 9. To ~I~ce and ro~t~n~a~s~y 4pc(~ on +i~~ b~,, ~'~~:~s :.ow or hrresiter ~ TJAI! 0~1 tia~d land a~d on ~I~ c~.,~pme~~ uzd penon~liy cover~ by thi• more~
p~, wi~h •il ptemivmt thrccoe pa.d m 1u1~, i~ro i~~s:.r~u• ~n ~he uwal siacde~d po~icy iorm, in • t~m apy~o+ed bY ~h~ MQR(GAGCE, •nd winds~wm
inWranG~ in ~ha viwl ff,ino3~d poLcy fonn, in • swn eppra+rd by iM MOR~GAGEE, in ~uth tMnpany o~ companiat ~s th~ MORTGACiEE nNy
diraNt •nd aU (ire snd w:ndsiorm in~wance po6.~r~ on ~ny o( s+~d b„i~d~nys. any inrerbs~ thera~rt or pan ~Mreof, in IM ayqrcg~~e wm a(a~said or r,
in excesf the~eof, ~A:II contain the owaf stond~rd morrgege~ clause o~ such othtr claus~ ~s ~h~ Mor~s~ye~ msy reqw~~, ma~inp th~ lott under ~~id po14 ,
ci~~, each ~nd evrry, payabie to seiJ YIORTGAGEE a~ fi~ in~errst rn~y appea?, •~d each and every ~~ch poi~cy •h~li be promp~ly ai~.yned a~+d dt~~vered b
any hald by said MQRIGAGEf •s (ur~her ~ecur~ty to said ~~~or~gage debt, snd, not les~ tha~ ten (10) dayt in ad~snc~ of thr txp~~ation o1 ea<h polity, to d~
liv~r to said MORiGAGEE • renawaf thtrcol, toge~Far w~~h • rete~pt fw the prert+~um ol •uch rcnewal; and the~t •ha11 be no i~re or windtto~m Insuranc~
placed on any of said bwld~ngs, ar.y intere~t ~hrrmn or paet IhereoF, unless in the lorm end w~th fhe foss pay,~bla a~ •(as?~id; er+d in IM ey~nt eny ium
ot rnoney becanes payabfe under wch policy o~ pol~ues said MORTG~+GEE shall hav ~hs opno~ ~o rece~ve and apply ~he sarne on accounl of I?N i~clebted-
Mss ucured her~by w to permit se~d MORTGAGORS to recaiva snd ~~a it or any parl ~he,eol tcr otner purF,cses. .v~~hout thr•co~ wa~v~~~q o~ ~mpa'u• !
inp any equity, I~en w riyhl under a uy virWe of thia mor!ga9e; •nd in th~ evcnt ?~~d MORTGAGORS thall fot •ny reaton fail to keep the said pr~mi~e~ so '
lnsured, w fail to delive~ prumytly any of w~d pol:ues of insuranc• to ia~d MURTGAGEE, or fa~t prumptly ro p~y fully any prem~„m therofor a in ~ny
r~ipett fa'+t to pe~iorrn, disch~rye, e~ec~ta, e(~ec1, compi~te. comply with and abida oY this covananl. w•ny pert F?e~eol, s+id MURTGAGEE nuy pl~se and -
pay for wch inw~.,rr_e or any part the~eof w~ihout w~ivtnq or af~eclir~ any cpt:on, 1~en, eqwty, or rfght uncier w by virtue of this Mo~ryape, ~nd tt~s
(ull amovnt ol esch •nd •very such payment sMll be i~ninediately due u~d pay~k~le and shsll bas~ in'arest from the d~t~ thereof until paid st tht rai~ o(
nirw per cantum per snnum anJ to~ether wi~h such ~nter~~~ shaU l>e ~ecured by the Gen o( th~t mortyage. -
1. To permit, commif or wHe~ no waste, impairmer.~ or dcter~oration of •..id pro~rty or any part thereof.
S. To pay all and singul~r the costt, cna:yM •nd expansei, includ~rg ~ reasonabte attorne~'s fee and costt of abst~~cts oi title, in~urrad W paid at
any time by said MORTGAisEE, beca~se a in the event of Ihe failure ort the part of fhe taid MORTGACaOR to duly, promptly ~nd lully perform, discharye,
executs, effect, camptete, comply with ant! ab:de by ea<h and every rhe sfipul~hont, agreaments, cond~tion~, and covensnts of said oromissory oose and thif
mor~yag~ any or ei~her, •nd sa~~i costs, charyes •nd expenses, each and eveiy, ahaH be immrdutely due end payable: whether w not ther• be notic~ d~
mand, atte.npt to co~lecl tx t~it pend~ng; aod Ihe tull anwu~l of each •nd every svch payment shall bea~ interest trom the data tlureof until paid N Ih~
rate oi nine {xr cen~~m p,:r a:~r.um; an: all sa~d costs, chargss ar,d caprrses ~ncurrrd or pad, together wnh wch interest, shall b~ ucured by the Geo of thu
mcttpago.
6. Thst (a) in ~he avent of any breach o( Ihis Morrgage or defauSt on ~he pan of the MORTGAGOR, o~ (b) in the event ~ny ot sald iu~ns of rt~oney
herein referred ro be ~ot promp~ly and futly pa~d wi~hin thrty j30) days neRt ai~er the ume uvera+ly becar.e dua and payable, withpu~ t1lm~nd pt lqtit?,
or (c) in the eveM each snd every the s~ipulat~ons, eyreerrentt, cond~t~ona and cnvenan~s of sa•d promissory note and th~s mortgeye any or eitM? sre no1
~uly, promptly and fu~ly pe~formod, d.scha~ged; e,eecured, effectrd, comptrtrd, comp~~ed wnh and abided '~y, ~hen in either or •ny such es~nt th~ s~id aQ
pregate sum man~ioned i~ said promissory note Ihen rema~ning unpaid, with inte~est accrued, arr,! a:l moneys secu~ed hereby, sMll become dus •nd pay-
abls foathrvith, or rhereafrer, et the oot~on of se,d h10R1G~GfE, as fully and corrsN{eieiy as ii a~t of the sa;d sums of money w~ere a~qinally itipvtited _
t~ be pa;d o~ such day, anything in :a:d prom;asery rote or en th~i hlortgage ro the conrrary no~w~thsta+:d~n~; end thereupw~ o~ fhereahe~ at tM option of
said MORTGAGEE, withcut ~o~=te o. drmand, au~t at Iaw or in eqv~ty, the~eiore or thereaiter Ikyvn, may be prosecuttd'as if all moneys set~red her~by ;
had mawred pr~w to ~ta inst~tvtwn. !
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7. That in the even~ that af ~he beginn;ng of or et any Gma Qen~ing any suif upon ~hi• Morrgagc, or to foreclose it, w to relwm it, q fo enfo~i~ '
payment of any tfaims hereunde/, said MORiGi~GEE shall apply to the Covrt having jur~id:u~on ~hereof for the appoimment of ~ Receive~, wcA Coutt sh~11 ~
Forthwith appcint a rtceiver of said morl~aged Nropcrty .~II and siny~'.ar, jrulud~ng ail ai~d tu.gular th@ income, pro(~ts, issues and revenues Erom wMt~ver ~
wurce de~ived, each and every of whkh, ii be~ng expreas~y .,~deniood, it f•ereby morrgaged ai if speckfically ut forth and described +n the prantirq ~nd
habendum clauses hereof, and such Rete~ver shalt ha+e ell the broad and efFect~ve funct.ons and po.vers in anywise emrusted by a Court to a Receive~, and
s~ch appointment shall be made by wch Cowt as an adcni~ted eq~dy and a n.aner o( absofute right to said MURiGAGEE, end without reference to the
adequaty or inadeq~acy of the value of the property rr.ortgayed or to rhe so:ver~cy or insoivency of said MORTGAGOR or IF+e d>fendants, snd that such
rents, profits, incane, ~ssue~ and rerenue~ shaii be appl~ed Gy such Rcceiver accord~rtg to tha lien or eq~ity oi taid MGRTGAGEE and the p~aUice of such
Covrt.
8. To d~'y, p:om, Ny and fu:ly perf~.m, d~z_harge, execvte, eifect, complete, cen~ply with and abide b~r each snd every tlw stipulations, agreertKOls,
conditiona and corenar,ts m said promissoy note m~d this mvrr~age sN forth.
9. That In ~ne ever)1 she ov.nership of fhe morigaged prem;ses, or any part thereof, cecurnes vested in a perwn other than the MORTGAGOR, the
MORTGAGEf, ir3 wcussors a~~d ass~gns, may, wifhout non~e to +he N:OkTGAOR, deat w~th wch succeisw a successor in interet~ wirh re(ere~ce to this
mortgage a~d the debt hereby secured in the aame manr.er as w~th 1.{u•t~agor wAhout in any way vi~Iating ot d~uharging Ihe Monyagprs' liabilify here-
under w upon the debt Fereby secured. No sale of ti~e premisrs hereby ~no~~gaged ard no (orbeerence on the part of the MORTGAGEE w itf aucteaw~s
or ass~g~a and no extens~on of ihe t~me for the peyn,ent ~f the debr hereGy secured g~ven by the MORTGAGEE or iti successors or a~signs, shall operat~
to releau, d~scharge, mod~fy ct:ar:ge a aftecl the o~ig~r.al liau:t~sy o1 the j~10RTGAGOR herein, either in whole or in part.'
10. It is speulicaUy agreed ~hst t:me is of the esxnce of ~his conrratY and that no waiver of any obligatan hereund~r w of th~ oblipaYan se-
cured hereby shsfl at any t~rre theieaher be hc::d fo be + we~.er of the terms hereof or of the instrument secured h.erby. _
1I. In add,tio~ fo the forega~~g month!y paymonrs of p~~nc Na! and inrz.est requ~red by the prom~ssory ~ote secured hereby, mortgagor covenants
and agrees to pay fo n:ortgagee ,nith rach monihfy parn;ent an add~rional s~m est~~nafed by mwtgagee to be equa! to 1/12 of the annual cost o( tF?e fo({ow-
A-All real property ta~rs ler~,:d or assessc~ eyai•,st the ahore destci5td rrat estate.
B-Pren,~~ms o~ ~~re a~~d w~r:d;twm ~nsurar.ce es here~n..cqu;red to be carr~ed on the improveme~ts s~tuate on 1he abOVe desrribet~ premises.
C-Premiur.s on such morigaye y„aranry ir.i~ra~,:e as mortyagee nhall fror„ i:me to t~me deem fit to carry on the loan secured hereby.
Mwtgsgee sha!1 frcm ~ime to nme noi~fy moregagor ~n writing Of ~he a,-:o.rnt dve and payabte hereundrr and such su:n shall thereupon be due and
~ayabde_on Ihe due date of ~he ne,~t mo~thty payment and each svccessive mor:~h thereaher ur~tit mortgsgee shall notify mortgagw of a change in such
anto~nr. Such svms stail be appi~rd by «.^r!y yee toNard ti~e paym.ent of real property tares, insurance prem,ums, and mortgage guaranty insur~nce
premiums. -
1N Y1ITNESS '1JkEREOf, tne sa~d MGRTGAGOP has hereumo aet his hard and aeal :he day and year first a4or~
Signed, Sealed and d~:ivered in 1he pre~enc~
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~ STATE OF FLORIO ~ - 1 ~~r ~ , ~ ~H ~~6 3~j~~~'~~~ ;
~ couNrr oF _ St,_Lucie _ j '
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~ Before me persanalfy appeared _ _ AUC)UStUS C. Jackson e~ '
I __Julia C. Jackson h;, wifr, to me wcll known and known to ms to b~ s
the individual• desuibed in end who exewted tha for o~ instrument, and ~cknow! ;
i ~9 ^g cdged befwe me thst thay executed the same for tM purposas 4
~ ~herein expresud. And the said_______~__ Ju111 C. Jaekson ~
~ rvife of the said _ A~USt US C. Jackson ~ ~ a separste and pirv~te `
E exam~~at~on by me take~ separate a~d apar! froro her said husband, ackno~vledged to end before me that sh~ ezecuted said instrumeM freety and volvo- t
! tarily and w~thout any compu!sion, constraint, apprehens~on,~r feer of or from her said husband.
WITNESS my hand and official seal this_ _ * A 2'll 76
--a~-~-- - day oi---- p A. 0. 19
j hotary Public in d ? the State of Florid~ af larpe
! My Comm~ssion xpires:
i Retum To:
Fint Fedcral Savings S loan Asscc~at;on Ne~ary ?u~1~•, 3:o~t ef /1s~1d~ al lo~g~
Of Furl Pe~cc. A1y C:~rr.ti:::o..:~~+~r.a In;J 2Z, 1~~
i Fort f'~~rce. Ft~~;d~ bnd~d t/ A.~r:r`.~n f;r~ 6 CusVU!?r ~p.
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; This Instrument Prepared By Robert A. Swisher, Jr. •
' First Federa) Savings & Loan Association '
_ _ .
~ of Fort Pierce , Flor ida ~ ~:=c~ -
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Checked BY ~ - - ~ ' ' , t
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E':~ PACE ~1 ~ .,.:,,t,,~.
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