HomeMy WebLinkAbout0404 To pl~a ~nd contin~owly kNp on tM buildin~ now w Mr~ahK ~ituaN on t~W lae+d ~nd on ~U equiprmnt snd p~nonallp tow+~d bY 11+i~ mwlp'
p~, with ~11 pnmhxns rMnon p+~d in ivll, (ira insu.~~c~ in fh~ ~~wl ~~~odard polky fonn, in ~ wm ~ppowd b~r th~ MORTGAGEE. ~nd wind~taiw
ana in rl» v~ual stand+.d pol~cy fam. in ~ swn spprov~d by ~M MORiGA(3EE. i~ . wd+ company a oon~s « tM MORiCsAGEE awlr
~t~ ~nd all iir~ and wi~lam intvr~nee polici~a on ~ny of s~id bvildiegt„ u+y tmK~s~ t1+KNn a paf tl+uwl. in ~M ~ppr~~~ win ~faa~ld a ~
1i? ~cca~ tMrwf, sh~ll conuin rh~ wwl Na~d..d mat9sp~e dav~ w~uch otlw~ clius~ u tM Morqape~ n+~y rpv'w~, nwl?i^0 tM lois w~dK aid polb ~
' W~, ~ aid ~wry. WYabN b wid IY~RTC3AGEE a ib HuK~st may ~ppw, u~d ~ad+ and way wd~ polky ~hall b~ P+anWh? ass:pned and ddivw~d ro _
•nr Mld by sa(d N10RTGAGEE as iw1hK sea?rity to s~M mwt9ap~ d~bl. +nd, ra1 1~ tMn ~~n (~01 dap in ~dvanu ot d» ~~ir~tion of ~ach polky. to d? ~
UvM b Mid MORTGAGEE • r~wal Harwf. topaFwi with ~ ~~c~ip~ fa tM p~miwn of wd~ r«+ewdt ud ~Mn shall b~ no fin oc wind~~o~~n in~wana
pl~ad on ~ny of wid b~tldinps„ ~ny h~t~rat tMr~in or p+N t1+K~of, w?Itis te ~M fonn uwl wi~A ~M ba p~wbb a~ta~s+id~ ~nd in ti» ~wM ~ny sun~ ~
of nan~y baaea p+yabN w+de~ wch PdkY a.polici~~ Nw) MORTGAGEE sMlt Mw ~M optan ro~~ceiw w~d ~pply th~ swn~ on accouM oi ~M ind~bNd~
..a~ acwad M.~by w a p~.m8 s~ld MORTGAGOR3 to reuive ~~d we it a~ny part fhereof fo~ othr. p~.po?~a. wi~Fw~t thxeb~ waivinq or imp+N-
Mp ~nq pvitY. liw~ a riph~ unda~ a by vi.tw of rhis mort9+y~t N+d N tM ~wm sa~d MORTG/1GORS ih+ll ia any naan fail to k~ep t!N ~aW p~«niws w
. M~wrrd. or faq W d~itvK P~~^W~V +~Y of said policies of imwarw b s~id MORTGAGfE. o. r.a ao~dr ro par fi?ih ~+r w«~w* ~n..•fa « h a~ryr
. ~f~paf f~il b pMfonn, diiclwy~. ~xew~~. ~ffect, compi~r~. oomPb wUh and ~b~d~ by ~h4 oov~unl, a sey put htrwf. s+k! MORTCsAGEE m~y p1~a and
Wy fa wch 4awanw or ~ny pul tl+uwf without w~ivinp or ~ff~ctiep eWion. ~ien. quih?. a riphe under or by virtw of this Matq+p~. ~nd tM
fvU an~ow+1 of Neh ~nd ~vNy sueh pay~r~nt sb+ll he imeerd'ut~ir dw and p~y~bN and ~1uU Mar int~ral frou+ 1M d+~~ thrrwf wuil p~id ~t tM a1~ ol
nin~ p~r ueuum p~t ~nwm and Mptther with pxh int~rpt th~ll b~ secw~d by iM li~n of thi~ nwrp+p~.
I. To p~m~it, aonr++it w wffa~ no wast~, Mnpafrment a d~te~ioratan of uW pr~p~rty a~ any p~n thK~of• ~
S. To pay ati ~nd ~inpvlar th~ wsb, charqN and ~xp~es, includlnp a ~easonabt~ +ttorrny's f~s and costs of abatract~ of tkl~. incwr~d a paW u
any tkn~ bp s+k! MORTGAGEE, b~caw~ a in tM went of tM failw~ a+ th~ part of iM uid MORTGAGOR w d~riy. p?aepth? ~nd fidb P~a~ ~+~9~
.xeew~. *ff~, oompl~q. eomPN with snd ~bid~. by ~aeh and w~ry th~ itip~latioeq, ~p~tan~nb. eonditiont. ~nd aownams o1 said Pro^'~issaY noH and thN
maqp~ aqr a ~i~M~. and sa~d costt„ chuy~s and ~spenas, tach and wery. ahall b~ imnediat~ly dw and payabl~r wF~ethN a nw N+~n b~ eo+iu de~
nwd, ~tNmp to colkct or wN p~ndin~t and rh~ f~?11 arrwum of c~c1~ ud ave~Y wch paym~m ~MII bw~ int~nu f~on+ th~ d+N tMnof uMil p~id a1 th~ ;
rate of ni~ pe~ centum pK uw~um: and all ~aid costs, char9es and eipeiws inaxr~d a p~ki, topNMr w~th such inter~at, at~ll b~ s~cvnd by tM liH+ of thi~ i
~
~q+~• : . j
b. ?h~t in tl+~. ~wnf of any breach oi this Mort~ay~ w d~fwtt on tM paM of th~ MORTGAGOR, a(b) in the ~wm ~ry of sald wma of moery !
henin nfKr~d w be na promp~Ir ~nd fuNy pad wirhin rhirty (30) days Mxf aher th~ sart» s.ver~llr beca~+~ dw u~d p+y+bl~, wifhout drnand a notic~. ;
or (V in tM evsnt ~sch and ~very th~ itipulatFona, agrear~xnts, conditiau ~nd cov~nn of satd {xomissay not~ and tlNS mort9ap~ ~ny or ~ithK ar~ no1
iuly. pranptly and fvlly p~rfwmed, d~scharped, exewted, ~ffected, compt~ted, comp~ied with u+d abided ~y, then in ~ithN o? uryr wch ween Ilw said ag i
yreyat~ wm mMtioned in said promissory noh then remaininp vnpaid, with intereit ~caued, and atl moneys s~c~~d Aet~lsy. sh~ll b~aon» du~ aed p~y~ t
•ble fathwi~h, a ther~aha, at tM option of iaid MORTGAGEE, ~f fully ud compl~~ely as if •11 of the s~id sums of naney vrK~ aipinallr stipvlattd ~
to b~ psid oe such d~y, any?hinp in satd promtuory rate w in this Mort~aQe to th~ oontrary norwi~hsandiny; •nd ~ha«,pon or rher.+h.. a N+• op~an of
~id MORTGAGEE. without notice or demaad, ivit at law w in pvity~ NlOfffOfR.Of 1IIMNNN be~un, may bt prosecuted u if dl motKys s~aK~d Mrtln? S
had mafursd prwr to ib Inititvtion, y
7. Th~t In t!» went tMt ~t ft,~ bpinnirg of or s~ ~ny fim~ p~d'inp u~y wit vpa+ t1~is Morfp+g~, o? to fonclos~ h, o~ to ~onn It, or ro snforo~ ~
payn~e?t of ~r daims he~e~nde~, said MORTGAGEE shall apply to th~ Court h~vinp jwisd+dionatherwf for the appointm~nt of ~ Receiva. wch Cowt ~MII
Fwthwitl+ ~ppoint a reuivK of sald mort~ayed property all ~nd sinp~br, includ~np all and ainpvlar It+~ inmme. pro(its, iuws- and twenws from wh~twa
wvro~ duivsd, ~ach ~nd ~very of which, it bcir+p ~xpressly ~r~ders~ood, is M.eby mo.tgaped ~s if ~xcifiaily sN forth and d~wibsd in th~ prantinp 1nd
habendum dwses !?Keof, sod sud+ Reuiver shall h~ve sll tM bwd ~nd effective funcnan and powas in anyw'+s~ Mtrutt~d bp a Cou~t to ~ R~aeiva, ~nd
such ~ppointment shall b~ macls by wd~ Court u an admitted equity x~d a m~ne~ oi absolute rigM ro ~sid N10RTGAGEE, and withoul nfKenq b th~ ~
adpvscy w inad~quacy of th~ valw of the prope~ty mon9~ed or to tF+e sWvency a insolvency of s~id MORiGAGOR or the def~ndanH, ~nd tMt wch
rents ptofiu, incane, Iswts and revenues sMll be applied by suth Receiver accord~np to th~ lien or puiry of uid MORTGAGEE ~nd the practiu of wd~
CouA.
a. To duly. pranptly and fvlly p~rform. d'ucharqs, execute, effect. oomplete, oomply with a~+d ~bide by wch u+d ewry ~he sfipulatiaa„ ~pr~emnts,
cw?d'dioes and ooveoanh in ~id promissory rate and this mortgag~ set fwth
9. Th~t in the went the ownership of the mortgayed premises, or any psrt thereof, becoma vetted in s p~rwn otha than tht MORTGIIGOR, th~
MORTGAGEE, its succcsw~s and augro, inay. without notice to the MORTGAOR, deal with wcfi wcceuor a successw in interest witF~ nfaencs b tha
mortgpt and the debt hereby secured in the same manner as with Mwtypw without in any way vhiatirg a disch~r~inp th~ MortyaQon' li~bil'Ay h~r? ,
under a upon tM debt her~by secvred_ No Nle of the F~emises hc~eby mwt~aged and no forbearanu on the paA of tM MOitTGAGEE or ib wa~awn
or aaigm srx! no exta?sioe oi the tinw fo~ the payment of the debf hereby s~cu?ed qivsn br the MORTGAGEE w iti wcc~ssors a assgna, ch~ll operaq
~o r~lsass, dixMr9e, ~nodify d»ny~ w sff~cf th~ oripinal li~bility of tiw JYIORTGAGOR 1»r~ir~, eitiw in whol~ w in put.
10. It is spcc~fically agreed tl+st ~ima is of .ths essenc4 of ~his co~aan apd ~h+r no.waivK of. a~ny oblipNqn here~nder o~ of th~ obliparan as~
cvred hereby shall at any tlma thereafisr ba heid to be ~ waiver of the terms lureof or of tM instrwoent secured herby.
11. In additron to the forego:ng monthly pbyments of princ'pal end inte~est required by the prortriswry note setwed hereby, ntat~apw oov~nanls
and agrees to pay to mort9sgee with eacl+ monrhly parrwant aA additioosl swn esti~~kd by mortyap~a ro be eqwt b 1/i2 of the an~ual cost of the fdtow-
~~gc . -
A-A:I real prope~ty taxes kvied o? assessed against the above desuibed real estate.
B-Premiums on f"ve and windstorm i~urar.ce as he~ein req~;red to b~ u~ried on the improv~rnenri sitwte on the ~bow daaibed premi~ea
C-Premiums on svch mortyage gusrsnty insuranu ss mortgegee ~hall from time to time deem fit ro csrry on the Iwo stcyred heteby
Mwtgsge! shsll from time to time notify mwtgagor ~n writing of the amouM dve and payab~e hereu~de? ~nd wch wm thall thcrwpon be dw and
payabl~'oa the dve date of the os:t mo~+rhly payment and.each s~rccessive mpath t~rlaftK until maqagee shaN no~Fiy mwtyapor of a cFw~+y~ in wd~
amount. Such sums ~.all be +pplied by morrgagee toward the payment of real property uxes, imurance prem:urtu, and morty~ye ~uaMy qaurant~
premivm~.
tN WITNESS WHEREOF, the said MORTGAGOR has hereunto set his hsnd and seal tM dsy and yeu f' t aforesaid.
Sgnd, Stsbd and del'rvered in the preserxe of:
~
4 • @ SOZB ~
~ ~
I
; ~ a . e mor n..n
~ STATE OF FLOR A `
E ~
k courm oF St . Luc ie
e~fo.. me pe.wna~~y .ppearca John W. WetAOre aad
Julia C. Wetaore M, wif,, n,. r„eu krww~ ,na kr~own „ a,. a b.
~ the individwh dewibed in and who e:ecvted the foregoinp instrumant, and ~clcnowkdged befan me thal tFiey executed tFw ssrew fw th~ purposa
rherein expr~s~ed. Md the sa~d Jnli~ C_ Wetsnre
~ w~fe-aF tM aaid JOhfl W. Wetmeze . epw~ ~~ep~r~t~ a~d privs»
e:amin~tron by me takm separate and apart from her said husba~d, adcrawledged to and befor~ m~ thaf shs executed sa+d instrwne~t fre~ly and volu~-
~ rarily and without aMr compulsion, constraint, ~pprehens~on, or ear of or from her said husband.
~ WITNESS my Mnd and official se~l thi day of A. D. 19 76
€
~
No sry Public '~nd ih~ State of Hwida at larp~
( My Commisti e:pires: ~4 o; Fbrida ot la~
Return To: ~
~ First federal Sarings 3 Loan Auoc7ation ~I E~`~`~ 1~ ~ 1~
~ Of Fort P+erce. ~d ~ ~ ~ ~ ~ ~
Fort Pierce. Florida -
~
~ ,,'~'~~i`i j~'~_~_
~ This Instrument Prepared By John W. Collins
~ Fi~st Federal Savings b loan Association - •
f~1LEO AND liECORDED • ~`X~J~' ~ .
~ , of Fort Pierc~ Rlor ida aT. WCIE COUNIY F~A. ~
_ - Fl
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