HomeMy WebLinkAbout0281 To pi~c~ a~d continvou~ly ke~p o~ tl?~ bui~ing~ now or I+~resftN ~itu~t~ on wid land ~nd on ~II equipment ~nd pe?sonally cov~red by ti~is matQ~
p~. witA ~11 p?emiums thereon paid in full, fira in~urance in ths u~v~i standard polity fam, in a sum .ppro~ad by tM ~MORTGAGEE, and windttorm
irwuanc~ in ~1w uswl ~undard pol:cy form, in ~ wm acwov~d by tM MARTGAGEE. in wch company w co~pani„ ~s tM MORTGAGEE may
d'w~ctt ~rd all (in u~d ww?dsrwm insuranc~ poIKK~ on ~ny of ~aid build~n9~, aoy lnt~r~st thsrein w put tM.wf. In ~h~ apy~eyah awn alortaid a
In ~xc~ss tMr~of, ~h+ll conain rM vswl iandard mor~ga9a daus~ or iuch o~Mr claos~ a ~h~ Morty~9ee may requ:re, m+kinp ~M tos~ w+d~. u~d po14
citi, each ~i+d ~vKy, payabt. ro asid MORTGAGEE u its ioterett may ~pp~ar, and ~ach_and ~very ~uch policy ~hall b~ prompl~y +ss.9n~d +nd d~~iva~d ro'
~ny h~ld by seid MORTGAGEE ~s furtha security to said mcxty~~ debl, and. not less than tM ~=:-s !:i ~~va^ce of ths exs+t+~~'+o++ af ~ach poliey, to dr
IivN to t~id MORTGAGEE • rt~ewal tMrwf, loptt!ur witA a repipl iw tM prM+iuen of suth renewat; and ~hen ~hall bs no fin w windstorm insur~nu
pl~nd on eny of said buHdln~. ~ny intaat tMre~n o? part ~Mrwf, unku tn ~he form and with ~M bss pay~bl~ u afw~saidt and in tM ~vsnt sny swn
of mon~y becwn~s payabt~ ~ndN tuch policy w polici~s faid MORTGAGEE ~MII h~w ~M option ro rtceiw arx! apply tM sam~ o~ acco~nt ot tM ir?dsbted~
ntss s~cw~d Mreby w b ps~mit s~id MORTGAGORS ro r~tsiw ~r+d ~M lt a any part Ihereof (a other purposes, wilhout ~he~eb/ weiving or wnpai?•
irg any pvity, lien p ri9h1 ueder a by virtue oi this mott9p~j and In th~ ~vent ~aid IMORTGAGORS ihall fa any rta~on fail 1o ke~p 1he ~aid pr~mises so
ioswed. or fail ro d~live~ pranptly ~ny of ~id policie~ of insursnc~ 1o s~id MORTGAGEE. or fail p~omptly 1o pay fully any premivm therefw p in ~ny
respsct f~il b pNfpn~, diuharge, ~aec~tt, ~ffect, compl~ts, comply with and ~bfde by this cove~ant, a any pa?t ha~of, s+id MORTGAGEE m~y ptaa ~ne!
paY fa wcfi inwraec~ w ~ny part thereof without w~hrinp a~ffMinp any option. lien. puity. a ripA1 v~de~ a by vinw of this Mortpap~. ~nd tM
full artwun? of tacA and ~w+y wch paymN?t sMtl b~ irtuned'wtety dw and p~ysbl~ and sMll~¢ea~ intere~t f~om th~ dat~ tlw~of w?til p~id st tM r~N ol
nins pe. c~nwm pN ~nnum a+d toge~he. wfth such inrc~est ihall be secured by the lian oi tha mortya~.
1. 1o pKmit, coaunH a sufier no wait~. Gnp~irment w deterioution of said propaty or ~ny put thsreof.
S. To pay all and slrgulu t!~ costt, charpes snd ~xpe~w~, includirg a reasooabls attorney i(ee and ooi~t of abstracts of title, incuned w p+~d d
sny time by wid MORT('aAGEE, b~cavs~ or in tM ~vent of the fa~lur~ on ~M p+A of 1M said MORTGAGOR to ty, promptly ae~d fully pN(oren, diuMry~,
s~ecv% ef(~ct. tamplete. comply w~th and ab~da by each s~d wery tMe itipulatio~?s, ~g~~emr~«, t^~±?•~^^!, _ o?a*?i~wry not~ and thls
matyap~ amr a eithe~, and ~isd arosb. chu9a ~nd expenws. ~ach and every. shall b~ inunediately du~ and pay~blst whether or not thert t» notiu dr
mand, artempt ro oo?lect o. wit pa,d~r+y: and ~he fvll amo~nt of eacl+ and eve.y wch p+yment shaU b~ar imeresr frwn ~h~ dar~ N+e.wf w+rit paid af th~
rat~ o! nine per ce~tum per uu~um; and alt said aosts, cM~yes ~r~d expenses ~ncwred or paid, togethe~ with such intereit, a1~aI1 b~ s~cured by tM lien of tha ~
mortya~e. .
6. Th~t (a) in tM ~wnf of any breach of thia Mwtqsp~ a default on the part of the MORTGAGOR, w(b) io fhe evant ~eryr of a~id twns of mon~y
herein nferred 1o M not prompHy and fully p~id withi~ thirty (30) d~ys ~e:~ sfte~ ths same severally becoen~ due ~nd pay~bt~. without d~m+nd w ootic~.
w(c~ in ths ~w~?t cach and ewry tFr it~pulations, ~yr~emenn, condltans snd covena~u of sa~d p~omisw~y ~ote ~nd th~s mortpap~ ~ny w either are no1
i~ly. promptFy and fully pMfamed, d~achu~ed, executed. ~ffected, comp~ted. complied wirh and abided ~iy. then in e~tMr w~ny :uch wtnt tM said ap~
pre~ate sum me~taned in s~id promissory note lhen remainirp unpaid. with imeresl xuved. and all ma~sys setured FKrtby. sh+ll betane dw ~nd pay-
abl~ fo~thwith, a theresftea, at tl+e option of iaid MORTGAGEE, ai fully ard comptetely as If ~11 of ths: said wms of mo~~ty w~re wginally stipul~ted
ro be paid on wch day, anythiny in sa:d promasory note or in this AllO~f9~! f0 lh! COntriry nOfwithSt~lldin~l ~ tlMfluPOf1 W fF1l~Nfflt ~t tM opia~ of
said MORTGAGEE, withovt notice a demand, svit at law w in puity, ther~fwe or thereaftv bpu~, m+y be prosetvted u if ail mo~eys aetvnd hsreby
had m~tund prior ro in insiitutioe. .
7. That in th~ event that at tF~s begiening of a ~t ~ny time pend'erg any suN upa+ thi~ Nlatg+g~. or to faedos~ h. w to rofonn it, a to ~nforp
payment of any tlaims he+eu~der, iaid MORTGAGEE sMll apply to the Court having jurisdKtion thereof fa ths appoinlmeM of ~ R~teivsr, ~vch Courf shall
Fwthwith ~ppoint a ~eceiver of said mortpaged property. all and sin~ular, includ~rg all and singular tFx incane, profin, iuues ~nd ~evenues from wMtw~r
sowc~ derived, exh and every of which, it be~np expre::!y underi~ood, is he~eby mortgaged at if specifically set fath ~nd desuibed in the yrantinp and
hab~nd~rm cl~vses hereof, snd such Receiver sl+atl have all the bro~d and effective f~nct~ons and poweri in ~nywite emrvu~d by ~ Cou~t to a Rece'~vu, and
wch ~ppointment shalt be m+de by wch Cowt as an admined equity aod a mana of ebsolute r~yht to said MORTGAGEE, and wi~hout referenc~ to tFw
adeqvsqr a inadequacy oi th~ wlve of the property mo.tgsped w to the wtvency a~nsolvency oi sald MORiGAGOR a the defendants, and that such ~
reros, profin, incane, awes u?d rew~wes shall b~ applied by such Receivw accordinp to ~ lie.c or equity of said MORIGAGEE and the p~actice of such
Wu~t.
8. To duty, promptly ud fully periwm, diuharge, execvte, effect, complcte, comply with and ~bide by e~ch and ~wry the stipul~tions, apreemenss,
conditiom and eo,ree?~nn in sa~d promissory rw» and th:s mor~gags set fwth.
9. Th~t in the event the ownership of the mortgaged premises. a any pari thereof, becomes vested in • psnon othar th~n the N10RTGAGOR, the
MORTGAGEE, iri sucusson and auigm, may, witho~t notice to the MORTGAOR, deal with such wccessor w successor in iMerest with reference to this
mort~~ye ~nd the debt hereby sstw~d i~ tht same manner as with Mortpagw without in a~y way vitiating or distharginy ths MortgaQws' liability herr
under or ~pon tF+e debt hereby Kc„red. Ne esl~ of th~ premi~ hereby mwtyaped u+d no fwbe~rsr~u oe the pan of the N?ORTGAGEE or it~ woceison
w assigm and no exter~tioa o# ths time fw the payment of the debt hersby scc~red qiven by tFw MORTGAGEE w its, wraeasors or assipos, ~hatl optra»
io release, d~schar~e, modiiy chan~ or affect th~ aiyinal lisbil~ry of the MORTGAGOR hsrein, ~ither in whole u in part.
10. It b specificaUy agreed that Y~me is of the essence of this conuact and th~t no waiva of ~ny obligstion herevnde? w of tht oblip~tion s~-
cvred Fwrcby sMll at iny NnN ffierNher be held to be a wsiver of fhe terms hereof w of the instrument secured herby..
11. In addrtan to the fwego:ng mo~t6ly paymcros of prinCpal and i~tereat required by the pran'~ssory r?ote secured hereby, morty~por ooven~~ri
and a~~ees to pay fo mortgagee with each monthly payment an ~dd~rional sum estimated by morty~ee to be eqwl M 1/12 of the annval cost of the fdbw-
ing: . , -
A-All real property ta:es levicd a asxssed +gai~st the above desuibed real et~~te.
` B-Premiums on fire +nd windstorm i~uurance as herein requ'aed to be urried on the improvemenh sitvate on tF» ~bove dewibed premises.
' C-Premivms on such mortgnge gwranty insurance as mortgagee shslt irom tinx to time de~m fit to carry on the Ioan secured hereby.
e
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i Mwtgagee shaH frwn time to time nofify mortgagor in writing of the amouM due snd payabk hereunde~ and such wm sFWl1 thereupon be due and
pay~bl~ on the dus dats t+f the next monthly psyment ~md each wccessive momh Ihereafte+ w:til mutysge~ shall notify mortg~gw of a chanps in such
~ amount. Such wms shsll be applied by matpagee tawsrd the payment of real propertY ta:es, insurance prem:ums. ~nd mortyape ~wr~nry inwrance
premiurta.
IN WITNE55 REOF, the said MORTGAGOR has hereuot~ set his hand and seal the day fint aforesaid.
delivere~ in tht pesence of: ~d AND~MTY f O
i . -
~ ~~p~,~~F~ l1RAS ohn R. Arno , r. ~
~ O~ERK c~ i6u~1 ~
f R[CORQ YEn:FfEfl ne Maddrey /1 nold
STATE OF FLORIOA ~ ~ ~ ~ ~ va -
c~~ ~ St . Luc ie i~jCi~ .
John R . Arnold Jz . : ~
6.f«~ m. P.non.Uy app~,.ed .
A[It1e Maddrey Arnold h;s wife, to me well knowe k~,~
the indiridwb desaibed in and who e:eaned the foreyoi~g iintrurmot, ard acknowledped before me tMt N~ey sxecuted ths~r
=
Anne Maddre Arnold : "~~it + % ~'s
rhsrein ~~presssd. Md th~ u=d y 4~i~ Z
,~;f. of d,. „d John R. A=nold, JY. ~~,s,_ ~r1;,a~ r
examinatan by me taken separate and apart from hsr s~id husb~~d, ~du~oMdedped to and before m~ thst sl~e executed wid ira~~i~~~ =
rar~ly and witl+wt ~r?y computsion, consrraint, appreF~snsan w fesr of a from F~ said Fwsband. ; y~
~ WITNE55 my hand .~a off~i .e,i rwi ~~1.- d.Y of NovembeY ~ p,~,,~ ~9
~ ~ •.~•'{'t~t- _
Z~,.
ry P~blic io ~nd for the Stat~ of Fia' "~itr~pe.. • -
tort~miuion e:pires:
- Rewm 1a
fi.sr f.der,1 S.v'aips a loan nt.ocia?~on
Of Fort Pierce.
Pwt Pierce. Fbrid~ w~K ~A~ A` ~w~
~ OOAM~ ~ . ~ 1~M
~q011r1 i~K ~•1~
.
This Instrument Prepared By John W. Coll ins ~
First Federal Savings b loan Association
of Fon Pierce , Rlor ida
Chec{ced B~ . . - gu"JK~~;J fAt~E ~
~
:lh
. .