HomeMy WebLinkAbout0457 To pl~c~ and continvously ?Qep on tM bui!d~~ys now or M~eat~~r ~itw~~ oo s~id f~nd ~nd on ~it eQuipm~nt ~nd paton~ily cow~d by thf~ mortp~
~i. with ait pr8miums therron ~a>d c~ /utl; 1~re in~~ranc~ in iFw uwil f?~nd~~d policy form, in a wm •pprov~d by ~h~ MOR~GAGEE. ~nd wind~~am
in~w~nc~ in tM uiwl u~nda~d pol,cy fam, i~ • wm approv~d by ~M H10RTGAGEE, in such company o~ compar~ih u 3t~~a ~:JRiGAGfE ++++y ~
dirMJ aod all tir~ a~d w~~clstorm i~wranc~ pol~cie~ or? any oi s~id build,rpt, any ioter~~t th~~ei~ a pa?f fMr~of, in ih~ apyr~p~t~ ~vm afatf~id o~
in axnu tl+~ieo(, sh~il contain tM u?uai s~anda~d maiysye~ clause u sueh o~F»? elauw u tFw MortaayN may ~puu~. en~?iep tht Iw~ undM aid pot}
cih, each and ~rery, payabt~ ~o aaid A10RTGAGEE as intereft may ~ppeat, and e~ch ~nd ~ve.y ~uch poGCy ~tl b~ promptly ~~s.qrnd and d~lirN~d ~o
a~y h~id by u~d NtiORiGAGEE s~ lurthe~ security to ia~d mor?Qag~ debt, •nd, not I~K tMn ~M (10) days irt adv~nu of tM ~xp~~~tion ot ~~ch polity, ro d~ t
tivw ro siid MORTGAGEE ~ renewai tl~erpT', ~op~~iN. w~~~ .~...~M: :w e! s__!'! • W,~. .M!1 6. ~,o fu~ a wir+dsta~n inwr~nc~
plac~d on a~y o1 said build~ngs. ~ny intereil N+e~eie a pu~ tF»reoi, vnt~u in rM /am and wifh tM loss payaW~ afw~~~ids ~r~d In t1» ~v~M any aww
of mon~y becomes payable undet such poiicy w pol~ues isid MORTGAGEE ~hall Mw ~hs op~ae? ro receiw ~nd ~pply tM ~nN oe accoon~ of Ii» ind~bt~d-
r?eu ucured he.eby a~o permit ~aid MORTGAGORS ~o receiw and vs~ it p any put Ihereof fw o~hr. purpoi~s, w~rhoue tha.eb~ w~ivL~y oi ~mpau• ,
trq a~y aqu~ty, li,sn a ri9ht v~der a by virtu~ of thia morrpag~; ~nd in tM ~ven~ ~a~d MORTGAGORS shall ta any r~awn (ail lo ke~p ti?~ ~aid pemisN w
Inwred, a 1ai1 to dslivN promptly a~y of said policies of insuranc~ to se~d MORTGAGEE, w fail p?omptly to pay fully ~ny p~~mium thsr~}p p in ~ny '
r~~p~ct f~it b pN(wm, d~scharye, ~xecur~, effac~. compt~ts, comply wieh and ab~d~ by this covenan~, or ~ny pa~ he~wl, uid /NORiGAGEE nuy plau ~nd
p~Y iw tucA itqurante or any part thereof without waivinq w affectinp ~ny op~ion, IMn. equity, w ri9AI undK a by virtw of this Mwtyp~. ~nd the
fv11 unouro of ~ach ~~d w~.y tuch p~ymsnt ~hall bs immediatuly dw snd py~bts +nd sMll bear t~t~resr f.om tM dar~ fhereo! vntil paid at th~ raN of
n7ns psr ten?um pM snnwn ar+d ~oge~her with ~uch inte~est shali be sec~red by tM lien of this mortp~t.
1. To pttmit, twnmit o~ suffer no wut~, impairment a dcterioratan ol said prope~ty o~ any part thereof. ~
5. To pay ~II and tinqul~~ ths cotti, char9es and expenses, includirq a rea~onable anor~ey's f~e and wits of ~b~lr~ctt of titl~, incun~d or p~id a1
aoy ~une by said MORTGAGfE, becauu a~n ~he •vent of ~hs fa~turs oe? fhe paA of the s~id MQRiGAGOR w duly, p.ompdy ind fully pKform, dixh+~
execvts, elled, compler~, comply w~th and ab:de by each and avery ~ha ~tipulafions, +qreame~n, cond~tions, ~nd tov~nanls of said promitsory ~wf~ ~nd tFw
mortyay~ u?y ot either. ~nd u~d costs, cMrges and expcnses. e~ch a~d evary, shall b~ immadiately dut and payaWt: wMth~r w no~ ther~ bt ratic~ d?
mand, attemp~ fo colkct w suit pend~ng; and the full amount of each and eveiy tuch payment sMll bea. imerett from tM dat~ th~reof until p~id at th~ ~
~ate ol nine per centum pcr an~~um; and aIl said cosrs, charges and expanses inturred ar paid, together wuh such intsrast, tMll b~ sKUr~d by tM lan of this
mal9ape, .
6. That (s) in ~he ~vem of any breach of thit MatQa~~ or delaul~ on tM p~rt of the MORTGAGOR, or (b) in tM event ~ny of s~id w~ns of money '
ti...:., r.f..r.d eo 6e no~ oromotlr and fullr W~d wi~hin thi~ty {30) d~y~ ne:f after the same s~verafly bacom~ dve ae~d payablt, without dem~nd o~ natic~,
or (c) in lhe event each and tvery the slipulations, agrecments. conditions and covensnts ot sa~d p~omisso.y rn,ie •+w' i:.:'s «.i a•~ r^!
~uly, par.pt)y and fully psr(ormed, d;xfiaryed, execu~ed. ~ffected, comptered. compl~ed wi~h •nd abided Sy, tt~en in e~the~ w any such w~nt IM said a~ :
pregate sum men~~oned in iaid p~om~ssory note the~ remaining unpaid. with intHest ~ccrued. and all mo~neys setured hereby. ~MII becom~ due and pay.
able forthwith, or thereaf~er, at ~he apt~on of sa+d MORTGAGEE, as Fv?fy and comp!etely as if al{ o} the wid sums of mo,ney w~~~ oriyin~lly N~pula~ed
~o be pa~d on such day, anything ~n sa:d prom~siory notc w in fhis Matgage to tM contrary notwith~tandinp; and therwpon w tt,cr~~fter the op~ion of
seid MORTGAGEE, w~thout r.ot~ce w demand, suit at law a in equity, therefwe w there~fter begun, rrwy be p~osetWed ~s if all morNys Hcur~d F~snby
had maWred pr~o? to ~rs inst~tut~on.
7. Thst in ~he evcv~t that at the beg~nn~ng of p st ~ny time pe~ding sny su~t upw~ this Mortgsge, w M fo~eclose it, w M nfw~n it, o~ to enfo~u
payrncnl o~ any claims hereunder, said MORTGAGEE shall apply to the Court having ~vr~~d~ction lieereoi for th~ ~ppoinfinent of • RK~ive~, ~uch Coun slwll
Fwrhwiih appoint a.ece;vei of sa;d mortgsged p.oparty all snd sin9ula~, inclvd~ng all and singular the income, proliri, iuuef and rewnues fram what~va
wurce derived, each and every of wh~ch, it be~ng eapressly ~nde~stood, it hereby mo:~gagcd as if speaficatly s~t forth ~~d d~wib~d in fhs 9ra~ti~y
habendum clauses hereof, ar+d such Receiver thal! have al! the broad and effective funct,ons and pow~rs ie+ ~nyv.~se entrusted by a Caxt b a Receivsr, u+d
such appointrtunt shall be mede by such Court as en sdmined eqvi~y a~d a rt»tte? of absotute ri9ht to said MORiGAGEE, and without r~ft~ence b th~
adequacy a inadcquacy oi the value of ~he properry mortgsged u to tf~e wtvency or insotvency o( sud MORT(;AGpR a the defendants, ~nd that such
renrs, piofiq, income, iuues and r~renues shatt bt appfied by such Raceiver acco:d~rp fo the lien or equity of said MORiGAGEE ~nd ~he praaice of such
Court.
8. To duly, promptly and fulfy perfo.m, dis~narge, execvte, effect, comp(ete, comp(y w~th and abide by eacA and everyr fhs stipulations, apreemenq,
conditions and covenanrs m sa~d promissory note and this mortgage set fwth.
9. Th~t in the evenf ~he ownersh~p of the rr~rtgayed premises, or any part thercof, becomes wsted in • person other than the MORTGAGOR, 1M
MORTGAGEE, itt wccesso~s and asi~gns, may, w~~hout not~ce to the MORTGAOR, deal with such successa or succeuor in interstt with refer~nce /o Iha
mortgage a~d rhe debr hereby secu~ed in the wne mu~ne? is wit}? Mwtpagw without in any way vitiatirg a d~xMr~irg 1M Mort9agor~' liability herr
undcr or upw+ the debt hereby secu~ed. No »k of the premises hereby mortg~ged and no fwbearance on tM part ot the MORiGAGEE or iri suaessps
w ess~g~s and no exte~a~on oi the t~me for the paymeM of th. deb~ haeby secvred piven by t~+s MORT6AGEF or ifi svco~s~as p usipra, ~}ull operaq
to release, d~scharge, mod~fy change u ~ffect tht oriyina! liability oi ih~ MORTGAGOR herairy tither in rrhol~ p in part.
l0. Ir es spec~fically ag.e~d that time is oi ?he esssnca of fhis cwu~act and tMt no waivar of any obtiQstion Fwt~und~r a of f!?~ oblipafioR w-
cured hereby sha~l at any time ~hereafter be he}d to be a waiver of the terms hpeof or of the instrument set~red herby.
11. In addteo~ to fhe fcvego rsq monthty psymenrs of princ'pa1 and inrere:t requi~ed by the p?omiswry nole setured Fereby, mprtysyar tpv~nanfs
and agrces to pay ~o mo*~gagee w~th e~ch monthly pay..~e~t an addirionsl sum estimated by mortgagee to be eqwl ro 1/12 of the annval cost of tM folbw-
iny:
A-All reat propcrtp taxes Ir.rcd w essesscd •rga~nst the above descrilxd resl estate.
B-Pre.::~u~ns on fire ar~d w~r.dsro:m insv.ance as byein requ:red ro be ca~ricd on the improrem~r~ts•sit~st~ on tbe abqve, desuibed premises.
C-Prem~ums on wch mortgage guaranty insura~,ce as mortgagee shail from t~me to tirne deem fit to qrry on the foan iecur~ hereby.
Ma~gagee shall (.om t~me to time notify mongag~r in writiny of the amoa~nl due and payable Fxreundrr and such wm sha~l thereupon be due and
payabte o~ the due oate of the next monMh~ payment and each sucttss'we mo~th theseaffe~ ur,ti! mortpsge! shall notiiy mortgsgw of a cfiarge in s~ch
amount. S~,ch sums shaU be appl+ed 'cy mortgagee roward the payment of real property tsxes, insu?ance prem:ums, and rrw~tyaye guar~nfy inwranu
premivm3.
(N WiTNESS WHfRfOF, the said MQRTGAGOR ha~ hereunro se! his hand and seal the day and year first afaesaid.
S~Qned. S~a and deliver in th esence of:
,~~,.~f~ ~
~ . . apson
~
, .z c e pson
, 1 - ~-n
$TATE OF FLORIpA ~
SS.
couMrr o~ _ St . Lucie
Before me penanal)Y +PDearrd - C• ~RpsOI1 ~
Lueille Thoa~son his wiie, ~o m. we11 know~ •~,d k~wwn ro n+. ro b.
the ind:vidwh descr~bed i~ and who executed ~he fore9o~ng inatrumem, and +cknowledyed befwe me that thty ~xecuted ti+e ssen~ fw tF» purpw~s
rhu~;~ ~xP.e~d. A»d t?,~ Lueille Tlx~spson-
wife of „~a O. C. Thonpaon ~ ~ ~,~M ~ ~n~
exam;nstion by me taken separate and apan from her ia:d husband, ~cknowkdyed to and betor~ me tMt ~M ~:acuted said instrume~t freelr ~d volufr
?arily and w~thout any compuls~on, constraint, apprehens~~o.n~s ~ fear o4 w from her seid husband.
WITNESS my hsnd a~d offic~al seal thii a J`~ ~ day of S te~ber ~ p ~q 76
~
Notsry Pub?ic for th~ Statt of Fbrida ~t Lar~
Return To: My Commisf' ~~cpues:N~ry ~~,w S~~ ef f',orldo of (org~
Fint Federal Savinpf ~ loan Aisociat~on My Cousmission Expi~p JYIJr Z2, 1977
O~ Fort P:erte. ~Oedrd bp Arp~riem Fu~ J, (~~n ~
for~ Vierca Florlda ~ w~~~~^ r
tf h
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This Instrument Prepared By J. Hal Robezts~ Jt. ',e;~` r~~
v f ~i
, • `y''~.:
First Federal Savings 3 Loan Association
0~ ,3 .
of Fort Pierce~ Rlozida ` p p p. a.,~~v
~}~lt~1CiE~ R GTY f~A ' : y . ca ~
Checked 8y ~ r ~p
~ t Rl?S - . ~ Q , ap'`'f : ` .
AOK CR.C~IY COU ~
R . =,-o i F~ t~-~ .g~ ~.,.,1`s
R~~~Z vEfliP~~O = '''~t'km
p c~ " ;Y}.~~ ~ a;. ~ .
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