HomeMy WebLinkAbout0565 . • ~ '
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To plau and continuovsiy k~~p on the bui:dinp~ rwar a Mr~~hK utwt~ on ~~td I~nd u~d on all eauip~eot a~d pasonally covK~d by thi~ na~q~
p~, with ~fl pemiwns tMrwn pa~d in iutl. lu~ insu~u+c~ i~ ~M u~uat ~u~dWd polky fam, In • w~n appror~d by tM MORiGAGEE. and wir~~o~m
ina?ranc~ in tlw ~rswl u~nd~+d pol~cr lam. in • ~~m approv~d by ~M MORTWIGEE. in such comp~nY a cor^P+^i~s u tM MORTGA~3EE nwy
dN~ct~ aed ~11 Ik?,-~od. w~tam iraw~ potiw~ o~ any o( aid b~ild~ep~, My InNra~ tlwr~in a put th~rwf, Ifl t~N ~~lq~lf WRI ~~OftMW 01
M~xnu tM~wf. ~MI~ contain th~ wwl ~andad ma~p+pN clws~ a~uch o~Fw ti~uf~ 1M Ma~ypN n++Y n9uu~. ma?inp tM lou undM ~~id pdF
c',a. ~acA ~nd ~vNy. p~Yabl~ ~o ~~id N?ORTGAGEE a ih inkr~~t m~Y app~a. ~nd ~~tA ~nd tw~y wch pol~cy ihall be p~omptly ~ss yn~d u+d d~tiw~ed ~0 1
~ny MW by t~id MORiGAGEE ~f fwtMr atcurity ro said matp~~ deW. and. not Itw tMn tM (10) days In adru~t~ of tM ~xpir~t~on oi ~ach pol~ty, to dr :
I~wr w~sid MORTGAGEE ~ r~newal therwf. top~~htr with • rec~ipl fw tM pwniun~ oi wch rw~ew~l; ~nd ~h~r~ ~hall b~ no lu~ o~ wind~tam insw~nc~
pl~evd on ~er of said bviidi~. My infH~lf ihH~ie1 p pW/ f1?NW~, w~hsi in iM fa~n and wi~A tM Iou pay~bl~ aa ~taw~ Md i~ tM ~v~nt ~ny ~un~
ot muf?sy b+caras paYsb:~ ~ndsr u;:f? palky a polnia~ said MORtGAGEE ~MII h~w ~M o~?~on w..uiw ~ ~pply tM MrIM Of? KCOW11 O~ TM i+d~bre~
Mff flCYf~ FNttby p p pNmil f~id MORTGAGORS f0 fKNW Md us~ It a any pa~~ ~Mr~of Iw osher pwposes, w~~hou~ ~hrr~b~ wai~is~y w~~pai.. _
in~ ~nY pv~h. ti~? a~ighf w+de+ or by virtw oi ~his rnort9ap~j ~nd in ths ~veeN iaid JNORTGAGORS ~Aal~ fa any rNwn fail fo kKp tM uW p.~misN w `
inwnd. o~ I~H to d~tiw. pranpfly any of s~id polici~s o1 i~aur~nc~ a s~~d MORTGAGEE. a fail promptly to paY fulty ~ny pr~miwn ~h~~da a in any
• r~ip~ct (all b pKfam, d~uM.y~, execua. ~ff~ct, cort~~s. comphr wirh a~d ~bid~ by ~hls cownaM. or any W~t Mr~of. said MORTGAGE~ ~nay pl~u a+d
MY for wcl~ inwranc: w any p~n tM.eo1 wi~tw~? waivinp w~ff~cii++q aw eMion. ~i~n. ~4~+Yy. a r~gM wxlar o. by virtw of ~his Morq+Qe. u~d tl+~
full amou~t af ~ad~ ~nd ewry svch p~yment ~11 b~ ~mmediat~ty dw ~nd pay~bN u~d ahall b~ Mlerat from iM d~t~ fFwr~oi wuil paid ~M ol ~
nirM pN centvm p~r ~nrwm and toqe~hcr wirh wch ~n~e.e~t shaN be ucursd by ~M lien of tA~s nwrtp+~~. ~ ~
1. To pKmi~, camndt or wi(e~ no wat~, impaament a dNeriowtion of iaid propKty or anl? part ther~oi. ' :
S. To pay all md sinpulai IM cosrs, cMrp~s and ~apa+s~s. includinp • reawn~bl~ ~tro.ney'a fe~ and cosfs oi ~Nacri of ti11~. ine~n~d w paid +f ~
~ny tim~ by ~aid MORTG/1GEE. b~caus~ w in the went ol fM i~~Iure on ~M pan of ~M u~d MORTGAGOR ro duty. p~omPty ~nd f~lly pNfar~n, d~scM~y~ ~
? •xecut~. ~t(sct, comP~~~~. ~^P~Y w~th ~nd ~b~ by ~KII ~f1d ~VNy ~M st~pul~~~ona, preem~nn. condiiaro. NftJ OOwMnb OI Hid prOmiffWy f101! and tl~i!
• enwtsp~ a~y w ~itMr. ~nd sax! costs. chu~s ~nd eap~nses. ~ad? ~rw! ~wry, thall b~ inwnedi~qty dw +nd payabtr, wMths~ a nw thN~ b~ no~~u d~ '
mand, ~tNmpt ro collsct w suit p~nd~rgs +nd tM fvlt amouM of each and ewrr +uch parm~nt ahdl bNr inrN~st irom ~M d~t~ rMrwf uMil paid ~1 the j
~ rar~ of nin~ pe~ cenrum pe~ arwwn+; and ail iaid co~ts. c)wpes ud expeoses iocwred o? paid. topNhtr w~th such interttt, ~h+ll b~ t~turad by tM Iwn of thi~
rnorfpap~
~ b. That (d in fM ~wnt oi ~ny bnach oi fhi~ Maty~y~ w defwl~ on t!r pan of rtw MORTGAGOR, a(b) i~ tl+~ ~wm a~y of s~~d swns at moner ~
herein nfernd a b~ not p~ompNy ~nd futy p~id within th~rty (30) days rrxt aNer tM ~,m. wwrany beca*~. dw •nd p.y+b1.. wi~Faul demand a notiu,
or {n t!w event exh and ewry ~F+~ slipvlatiw?b a~reem~nrs. conditiau ~~d covaeann of H:d promiswry ~of~ ~nd ~h~s matpp~ arty a eithN ~re nof
~uM. promptly and lully p~r(orm~d. d~xMr~sd, exacured. ~ftected, tompl~t~d. compl»d with ~nd ~b~ded Sy. tMn in ~ith~r a[r~y Nxh ~wnt tl» s+id ~
prsy+N wrn m~ntioned in sait! prom~ssory ~o~e then ~Knai~irp unpa~d, with imero~t xuued. ~nd ali mon~yi secu.ed Mreby. siull betam drs s++d pay-
ab1~ for~Awith, w ~hereafter, d rh~ option of s~id MORTGAGEE, a iutty ~nd completely n i1 ~11 of ~h~ said wms oi mon~y vwr~ ag~eally tupvlated
ro b~ paid on ~vch day, anyfl~inp in sa~d p.om~uay noe~ w i~ rhi~ Morq~ge to tM con~.ary nawi~lutu~?ys ~nd tM«ui+on or ther~aftK ~t tM op~ae~ oi
~aid MORTGAGEE, w~tFa~t rrotice o~ d~m+nd, wit at I~w or in puity, ther~fae o~ tl+ere~fter beyun, may be pros~cut~d q if al! mon~yt a~tw~d h~r~by
had matwed prar to in i+~sututan.
7. TMt in th~ event tM~ ~t the b~ginn~ny of or N any time pend~ng any ~~it upon this ARwtp+ye, o? ro fweclot~ it, or 1o nfwm it, or fo enfwa
psyment of u~y claims he~su~der. a+id MORtGAGEE aMN ~pply to the CouM INVinq ~U/ildKtiW~ tIllftOl ~W 1M ~~PW~1tTlf11 Of ~ RKlIVlf, wch tourt shall 7
for~hwith ~pEw~m ~.ecc~~~r of sa~d mort9aged propeny dl ~nd sinyular, includ~np ~II and s~~yular the incom~, prof~ts, isiues Md rwe~ws frpn whstwer
souru dnived. each and every o( whKA, it be~np exp.essly undera~ood. is F+~reby mw~g+yed a~ if apec;fically sef forth ard daurib~d in tM p~antinp ~nd
Mbend~Hn clavsq harwt, aMi wch R~aeiver ~hall Mw •11 ~M broad ~~d ~f(sttire func+~oro and powen in anywise entruued by ~ Cowt fo a Rec~ive~, ~nd
such appoiMmem shatl be made by wch Cowt as ~n adm~tted equit~ snd ~ m+tter of ~bso{ule rph~ to said MORTGAGEE, ud withoul r~ferente to ~h~
adeqvacq or inadequacy ot ths value ol the p?operty monyiptd a to the wtirency a w+aolvency of s~~d MORiGAGOR p the def~nda~», u~d tFut ~uch
ren+~, profin, incooe. i~uea ar.d rwenws ~Mtl _ b~ applied by wcA Receive. aaord~ny to the li~n or puity oi s~W MORTGAGEE ~nd the practiu of such
Court. _ , .
8. To dvly. p~omptly ~+d fvlfy p~rtwm, diuhar~e, execut~, ~ffect, compkte• comply wi~h ~nd ~bid~ by sach snd ewry tM stipulatiau. ~p.eem~n».
condi~iora and twenanq in uid promissory note and ~h;s mw~qa9t set fwth.
9. ThH in the event tM ownership of tM mortgaqed premises, w sny part thereof, becomef vtsted in • perwn othn than the MORTGAGOR, tF»
MORTGAGEE, it~ wcceuors ard auigni, msy, w~thout no~ice to the JNORTGAOR, deal with such succesw? a successor in interest with re(erence to this
mwr9~ye ~nd the dtb~ I+ereby secu~ad in th~ sam~ ms~+er u with Mortyapw wifhout in ~ny wsy vit~atinp or d~scM~yinp tM Mw~yayor~' liabilify Iwr
under w upo~ the debt h~r~by saci?red. No ~te of tM p~em~se+ hcreby mortyped ~nd no ~wbe~r~nc~ on tM pan of tM MORTGAGEE a in succeuo.s
or assgra u+d r+o ~xf~ruion of the ti~n~ for ~he payinent d ti~ d~bt hee~by ~cvrsd q'ww~ by the MORTCsAGEE o. ib sucs~uor~ a~sii9na, .1w11 oper~t~
~o r~teass, d,scharp,, modifr ch~ny~ p afi~p IM o~ip~n+l Iiab~Gty of the~MORTGAGOR F~eir~, ~ithu in who~ or•in put.
10. tt h sp~cifically, eyr~ad that rima a of ~he eswnc~ of this cororact aed th+t no waiva d any ob~i~ation iwewdn w oi tM oblip+tan w
cured iwr~by shali e~ ~ny time rhere~tar be held to be a w~iver of ~h~ ~erms he~eof w ot tht 'autrument ~ecwed ht~by.
11. lo sdd~tion ro ~he forego:ng monthtY parments of painc'p+l and i~teres~ required by the p?om~sswy note securfd hereby. mwt~ayw covenants
and ag?ees to pay to mo~tgagee with each montMy payrncnt an add~rional wm est~m~ted by mwt9agce to be eqwl Io 1 j 12 of thc annwl cosl of !he 1o11ow-
~:g:
A-All re~l propa*y a,cn kv~ed o. nsessed ~ga~wsf the sbovs desaibed real estafe.
B-Prem~ums on fae ~nd w~nds~am ~nwrance as here~n requ;red to bs urried on the ~mprowme~ls s:twte on tFx above dexribed premises.
~ C-Prem~umi ors such mortyage gwrartry iniurar.ce ~s mortgayee shall from t~me to time deem tit fo cury oe~ ~I+e (oan secured hereby.
~ Mortyagee shall Irom t~m~ to time no+ify mortqagcx in wrif~rg of the amount dve and payabk he~eunder and such wm shalt therwpon be due and
~ peysbl~ on the due date of the neat monthly payment and exh successiw mordh thereaiter ur.til mortyaqee fhall notify mortya9or of a tharg~ in wch
amount. Such sums shall be ipptied by mortyagee toward the paYrtee^t of re~l property tax~f, inwr~nce p~em.ums, and mutyase 9wraoty insurance
p~emiums.
~ IN YVITNESS WHERfaf, t said MO AGOR has hereunro set his hand ~nd seal the day ud +r fint ~for
~ ~d in ~se~ca of:
! . ~ - ~
,
~ P~ N. orrob n ~
' - . ` ~S~+q
_ - ~Donna M. Horrobin ~,p
STATE OP~~~ P~ NN I} "
CoUNTY OP t U~~.O ~ I,, ~ ~ . . _ .
s.f«. m. perwe+ur app...ea paul M. Horrobin
Donna M. Horrobin w, wH~, to m. wel~ k„an, ,,,d ~~N,n;,,, ~ -
ths ir~dividwls d~svibed in and wFw execut~d the forepoirg irutrumMt, and acknowledp~d before m~ tlwt thty ~x~cut~d 16! s~. ia? th~
rne.~~ .:a.,ka. ~„a - Don M. Horrobin •
w;~. ~ t~. Psul M Hozrobin ~ ~~,~r,,~.,.
v
~ e~cami~ation by rn~ taken tepuate and apan from Mr s~id hu~bsnd. atknowledped w~nd btiw' m~ that sF~e ex~cvlC said. f~~l~. _ 1. ~
~ ranly ar~d w~tl+o~rt ~ny compv~sbn, corou~~m, ~ppree~ens~o o~tew O1 OI Tfp11 ~f! - i0 IIVfOi ~ s'. ~
7~~~'.
WITNESS my ha~d u~d of/icial sNl t' day of ~'•A.~~l: 1' _
~ ~ ~
B
~ My Comm~uion sxpi~~s: ~ / Y ~O
~ Retwn Ta •
Fint fadaal Savirgs 6 loan /1s~oci~tan ~ r _
0 or P<««. :;n~.o ~ r; F~_.:~~
~ Fwt Vierte, Ffwida 92~ ~G ~J';3 ~CCAd
~ Meadv;::~, Fcr.r,o. 16335 -
~ Cornmission expires 1•12-80
This Instrument Prepared By ~ry M, Dobbs
First Federal Savings b loan Association 1~Ep ~x~
of Fort Pierce i'/a ~T• tUC(t t~~p~~ fu
AC6f„ • C~t?RAS
~IERK ~~+',;E~ COU
a Chedced By RFCOR~ Y~R~r
~ ~ I
~ - - - - - 8_ 1M s