HomeMy WebLinkAbout0340 To pt~c~ and cuni~nuou~ly kcsp on ?M k,u~'d,.,gs now o~ Mro~t~~~ ut~•q o~ s~~d I~nd ~nd on ~!I lqui~~~nfM ~nd p!/fOf1~~IY COvfffd bY \M~~ mo.~q-
~y~. w~~h ~11 pr~n,~u~n~ ihrrcon pa.d 1n 1~11, }~re ~mur~~,ce (n ~he ~s~si •~~r,dud po'~<y form. in a~um •~.Nro..d b~ the MGRtGAGEE, •nd w~~dstwm
~~w~~nc~ in ~h~ ~~wl •r~r,dard pot.cy lu~n, cn a wm ~~p~oved by ~M MORtGAGEE. io ~uch canw„y or canpan~e~ as ~M MORiGAGEE ~y
diiecy a~d all li~• ux) w:nJ~~~rm i~~uru+ce poGc~e~ w? ~ny o1 ss~d bu~kl~nyi. ~oy in1~~~s~ ~here~n o~ parl tAersol, ~n Ihf ~flyrey~~~ wm ~lde~N! ot •
t~ ~xcsff ~her~of, ~hatl conrun rh~ uswl st~ndrrd R.w~g•Qve claus~ o? ?vch o~M. ct•~~~ as iM ?Ao~tqa9t~ may ~~qu~~~. ma?~n9 ~M to~t v~da ••~d pol~ ~ ~
c~es. ~ach ~nd eve~y. p~r~b4 ~o i~~d MORiGAGEE a~ a~ in~crr~~ may appe~~, and t~ch •nd wery ~ucA pvticy ~h~ll b~ promp~iy nsancd ~~d.detwered ~o • ~
•ny MW by t~~d MORIGAGEE •s further secu~ity ~o ~~~d a.ore9ay~ debt, •nd, not !ss~ th~n ~a~ (10) d~ys in ad.snc~ ol the ~api~~tlon of e~ch pol~cy, ~o d~-
livsr io 3~id MORiGAGEE a renew~l thc~epf. loye~har w~th • iete~pl to~ ~M p~mium ol s:Kh t~nawal; ~nd tlwr~ shall be no f~re o~ w~n~l~torm insuru+c~
pl~c~d un ~ny o( said bvildinys, ~ny intc~esl ~henm a parl ~h~rcol, unless in ~~K `.~rm ~nd wiil+ ~M ~wf p~y~bl~ a~ •Fa~iaid; ~nd in ~h~ ~,.~n~ any wrn
of monsy becwnts pay~bl~ vnaie~ ~u<h polKy a polK~ef i~id MORTGAGEE ftiell haw tM op~~on to rscer+e ~~d •pply fM ~a~~~~ on •ccou~~ of Me ind~bted~ ~
ness ?ecv~ed hero~y a ro pe~~~~~t t.:.~ 4~RiGAGO4S to recaive ~nd us~ it a•n~ pait ~her~wf fot o~r~~r yurpofci, w.~?~o~~ ih-~eu~ wa..~,~ o~ ~mp~i.-
inq ~ny equ~?y, lien u right undar or by vir~w oi rh~s n,o-~y~ga; ~nd in tFw evem ia:d MORTGA'vORS ihall (a any r~~son fjil ~o teep ~he s.~d p.~mises io i
~~wrcd, p fail to deliver promptty any of s~id policies of ~muranc~ 10 ~~~d MORiGAGEE, a lad prqmpfly to pay fu~ly eny p~tmium therefa a in any
~e+pect lail ~o p~rlam, d~uha~ge, execu~e. ~11sc1, complete, comply wi~h ~nd ab~de by th~t covenan~, w~ny parr hn~ol, u~d MGRTGAGEE m~y pi~c~ +nd
wy !w such enivrancs w any parl Morcol wi~hout w~iv~ng w ~1Fac~i~?p ~ny opuon. li~n, ~qu~ty. a r~gM und~r w b/ vi~w~ of thit Mwtpaq~, ~nd tM
lull ~movm of each u+d every wch paynum ~hdl be ~mmed~aely dw and p~yabl~ and ~h~ll be~~ interes~ from fh~ dat~ ~he~eof un~il pa~d ~t tAe nr~ of
mns per cenrum per annu~n and togr~he~ wirh svc~ i~tere~r she7~ Ge fetured by the le~n Of thif mortpaps. t~.
1. To pa.mit, commN a wlfer no wa~te. impa;,ment a de~erior~t~on of ~~id p?op~.ty w~ny pan thersoi.
5. lo pay alt and ~~nputa tM cwb, charpet and expensei. ~nctudiny s~easonabte anwnev i fee and co~t~ of ~b~fracts oi tiNe, incu~.ed w p~id a~
~ny time by aaid MORTGAGfE, bct+use a in the svent ol ~he (a~lur~ on tha part of tM sa~d MORiGAGOR to du~y, p~anptly •nd futly p~~fwm, d~uharq~
execute, effea, comptcte, compty w~th snd ib:de by each s~d every the st~put~~~ons, ~yreement~, ca+d~~~om, ~nd cov~n~nrs o( i~id prom~ssory not~ and ihts
+~wt9~g~ any pr e~ehe~. and sa:d costs. cMrgas ~nd ~xpcnses. e~ch •nd eve+y. i1»tl l» immedutefy dua •nd pay~ble: whe~her o~ not the~t be no~Ke dr
~nand, al~cmpt ro co~lect or suil pend~ng; ~he fult am.cv:*.! 01 cach and every tuch payrrurtl s?~.e~ i,e~r in~ersst from Ihe date Ihereof until p~id ~t th~
~nrr o! n~ne per crnr~m µr an,~u:n; a,~d aI{ ssid cos~~, charges +nd ex;,ensea ~ncwred a paid, togeiher w~ih wch imenst, iAall b~ a~cured by ~he I~~n of th~~
mo.tyay~.
0. That (s) in ~he evcnl of any breach of ~h~~ AAwty~ge o~ def~utt on Ih~ part o( rhe MORtGAG(?R, or (bf in fhe event ~ny oi ss:d ~ums o1 naney
he~e'a? r~ferred !o bs not promptly a~d (ully paid witAin th~ny (30l d~ys nexl atter ~he sam~ ieverafly become du~ ard p~yable, WilhOUl dlm~r~ pr r1p1Kf,
or in tFw event e~ch and every ~ha ~tipu~ai~ons, agr~ement~, cond~t~ons snd covenants of se.d prom~uory nofe and th~s mor~y~ye any w arher •r~ no1
~uty, prompNy and lutly pe~fo~med. d,scharyed. execveed. etiectrd. complered. compi~ed w~~h and ab~ded 5y, tF+en in e~tMr a any such w~M Ih~ sa~d p-
g~egat~ sum mentan~d in sa~d promissory note fhen rema~niny unpaid, w~th in+e~eat ~cuurd. +nd a~l moneys secured hereby, sMll k~come dw and pay-
+bie lathwith, a thereafte?, a~ ~he op+~on o~ ss~d MORiGAGEE, as ~utiy and complerefy as if •~i of ei.r sa,d fuma of mon~y rver4 a~in~tly i~~pul~fcd
to be pa=d on such day, anyth~ng ~n aa:d prom,sswy note or in th~s Mwfgage ro the con+.ary notwi~hstsnd:r~; and therevpon w thereafte~ ~t the op~~on of
ta~d MORIGAGEE, without nonce or demand, suit et law a ie eqwty, Iherefwe w ~hereaiter bcgun, may be ptosecuted ~s if atl moneys secured heteby
nad marurcd pnor ro ,rs ins?.rw~on.
7. TMt in the evenl rhat at the beginn:r+g of w at ~ny time pend~r~q a~y sutr upon thia Mwtyage, a to foreclos~ it, w to re(orm i1, or to enfo.c~
payment of ~ay cla~ms he~eunder, said MORTGAGEE shalt ~pp!y ro rhe Cour~ having ~urlsd~d~on thereot (a Ihe appo~roment of ~ Receive?, such {ourt shaN
fo.thwirh appant s.ece~ve~ of said morr9aged p.operty a!1 and s~ngula~, inctud~ng at: •~xi s~ng~ia~ tha income, prohts, iasues and revenves Irom whate~er
wurce derived, each •nd evcry of wh:cA, it bc~ny e.pressfy underseood, is hereby margaged as if ~pec~IKally set (ath and desuibed in the 9ranting and
habeodum claufe~ hereof, and such Receiva ihal: have all ~he b.uad arnd eHecnve funct.c~s ~nd powen i~ anywi~e entrusfsd by a to~rt !o ~ Receiver, and
•~ch appoiniment shalt be made by svch Cou~1 as ~n admittcd equity and ~ mattcr of ~bsolute riyht to f~id MORTGAGEE, ~nd w~thovt ~eference to ths
edequuy a inadeqvacy o~ the vaive ol the p~operty mw~gaged o~ ~o the w•vency w insolvency ol s~id MORiGAGOR p th~ defendants, and that such
~e~rs, prolits, incane, issues and ro~enues shall be applied by suth Recene. ecco.d~ng to ~he lien or equity of sud MORTGAGEE and the practKe ot such
Court.
9. To duly, prpmptly and fvlly pe?fam, diicharge, execute, effetl, comp~ete, comply wi~h ~nd abide by each and every Ihe stipu(ations, agreements,
cond~t~ons and covensms m w~d prom~ssory ~ote and this mortg~qe ser fueb_
9. Thaf in the event the owncrsh;p of rhe mortgaged premises, or any part thcreof, becomes vesred in a perspn ofhe? th~n the MORTGAGOR, tFy
MORTGAGEE, its wccessws and afs~gn~, may, wi~hou~ ~o~~ce ro ~he MORTGAOR, deal w~th ~uch succe~sa a succes~w in imerest w~~h rele~ence to th~s
mor~9ye and the dett hereby sKUred in the same manr.e+ as with Mo.tgagor w~rhpur in any way viliatir?p Or d~xhsrying tbe Mortyagors' Iiability h~ra
ur,der a upon the debt hereby aec~r~d. No saie oi rt~e premises hereby mo~tgaged a~d no forbearance on 1!K part of tl,e MORiGAGEE or its suctessor~
or asagm and no eatension of rhe arne fw ~he payment of the debt hereby secured given by tF+e MORTGAGEE or its succeswrs or ass~gns, s~all opsrar~
~o retease, d~uMrQe, nwtlity ~han~e q aflaYt the orig~nal I~~b,bty oi tM MORiGAGOR Mrein, either in whole a in part. •
10. It is apeuf~cally agrced th~r t~me ;s of the essence ol th~s contract and thet ~o w~iver of •ny obligat~ hercunder a of th~ obliyation te-
_ cured he~eby ~F+~tl at any time ~he~ea4ter be held to be a w~iver of the terma hereof or of the instr~ment secured herby.
11. In add~no~ ro?he iwego ng monehly paym.nts of prlnc p~l snd ~nrrre~t requ~red by the prom:ssory no~e secwed hereby, mortgagor covensM~
a~d ag.ees ro pay ?o mo-~gagec w~rh each monfhty pay.nent an add~donal sum es!~mae~ by mortgagee fo be equal to 1~ 12 0( the ann~al cost of the follow-
~ny.
?
A-All ~eal prope.ty isaes lev~ed w assesud aga~~st thc aEove deu~~5cd roal estate.
B-~re~:~ums on fire and windsto+m ~nwrarce as herc~n ~eq.,;red to be ca.~:ed on fhe ~mpioveme~ts s;tuate o~ thc above destribed p~emiies.
C-Prcm~un,s on svch m.o~~g~ge gwranty insurar.ce as mortgagee shaSl fro:n time ro time deem fit ro urry pn the loan secured F+ereby.
1Nortgagee sha!I from t~ne to t~m~ not;fy mor~yagor ~a v„r~t.ng of the amount due and payable hereunder ~nd such sum shail theteupon be doe and
~ayable on tfie d~e date oF the oe:t month!y payment snd each s~ccessive momh thereaher u~tii morfqagee shal! notify mprtgago~ of a thanye in such
a~+ount. Such sums sl~a~l be epplied by mortgagee toward the payment of real properry ta:ts, insurance p?em:uma, ~nd mortgage gua.::::~ insurance
premium3. ~ .
IN WITNESS NMEREOf, the sa~d MORTGAGOR has herevnto set h~s hand and seat rhe day year fine esaid. !
Sgned, Sealed and delivercd ~n the presence of:
~ /
- /I~EO RECOiIpE~ ~
A fT.tUC1E G3UI1Tr F~ ~T se , . u ri e>
- . ROCFa ~ 3~TRl~S a n~; e a. - ~ ~.q
- ~ CIEF.K C~ ~:;UST COU ? - _------_--:Se~q
_~~l:E ~---v~~_1~-_~-____ RECOR? ~:~•ftE~
- K..n
57ATE Of FlOR10A II ~ Fr ~ ~ .i
` ~'~r~~ t ~I ,-'i; t~~;.~~~'.
OUNTY OF - C • .1 ~ ~"3 ? ~ Z
Be(we me perwnaity appearrd T , Va.r~~.1 . : i~ J.
. + ~ : ~'~1 ; ~,x
1~e9~1l. ~o;~pe ~8 k~'~n~1.RKOw+~~o me ~o b.
the i~vidu~l described in ~nd who execw~he~wefloin~ instrument, and uknowtedyed before me that ~ e~yt~f!- ~ ~i? tM purposes
~~y~y 1
I~flfl111 lllPfllfld. /Yii~1fA ~
.~f'~~.~IY' • ' " y .r . . 1t:x-~.~l~~~i~/~XX~XRX~:x~{X?~AI~~iL"~ ~ ' t
~~.~l~~~~~~f~l~• t~Y~~x~f~ ~~~ild ~1
X]GA~?CYoiL7G~76J[Xe~jr~~W~~~?ScjB9Q41DmC ~a~(~ _ ]~fXs~NilfdC~6GidC
WITNESS my Mnd and ot(icial seal tF~i - d~y of m~ A. D. 19 76
N ary PuWic and for ihe State of Florida ~t Lary~
Return To: M Com e:pita:
~~~.,'r r...:•:c. S.a.c G•
fint Feder~l Savinfls b loan Aswciaf~on n•^ ;1 t?rye
Of Fort P:erce. ~j~ r. .[~~•irrt A,;. 3'. ~?3~~
. . . , . ~
Fort Pierce, florida ' ' • ` • -
This Instrument Prepared By ~%a2'ol Burtls
First Federal Savings b loan A~sociatiQn
- of Fort Pierce, 1 t o ri ae
.
Checked 8y ~ y~