HomeMy WebLinkAbout0605 ~ 1, : _ „r.~V, , . _ .
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To pl~c~ ~nd contie~ou~ly kHp on tiw bui!dinps now a M~s~fte~ si~wt~ o~ u~d I~nd and on atl cqvip,unt u~d pasoe~Uy cew.~d by tAi~ mwq~
p~. with ~II prNr+~vm~ tAer~on pa~d in iul1, firt inaur~nc~ i~ tM u~u~l t~andard potky laen. In a ~uen ~pp~owd by /M MORtGAGEE. and windNam
wwanc~ M ~Fw u~wi ~~~ndard poiay fam, in • ~um app.ov~d by ~he MORTGAGEE. ia wch company w compar+it~ u tM lNORTGAGtE m+y
d'v~ctt ~nd ~11 ('a~ snd windi~wm iruiu~nc~ policia on any o( Nid buiW~nps. My InIH~l1 IINt~in a par~ th~+wl, in tl» ppr~y~f~ wm ~fa~s~id o~
In ~xc~a the~eoi, sAal1 con~ain d» usual ~t~ndud ma~p+pN cl~vst w~uch aMr ciww ~s tM Mo.tpapN may r+quu~. makGp tM loss und~. sa~d poli~
ci~s, each u~d ~vKy. paY~bl~ ro a~id MORTGAGEE a iu in~~reN ma~ ~pp~a. ,snd each and ~wry ~~,ch po~Kr sA•II b. pomp~~y ~s~:pn~d ~~d d~tivar~d ~o
Mr Mld by w~d N~ORTGAGEE iu.~Mr aecurity ~o s~id morrypi d~bt. ~~d, nW Nw ~Mn tM (10) days te adv~nc~ oi th~ ~xpir~tan ol ~ach poticy, ro d~
IivN lo said MORTGAGEE a r~nswal th~~eof, topethN wilh • r~t~ipl (w tM paalum ol wch rtn~walj ~nd ther~ ahall b~ ~o fw~ w windttam i~wr~nt~
~ pland on any o! iaid bviidinps. ~ny inter~~t tM.s~e a pa?~ tl+M~of~ W1IN1 in ~M fan+ ~nd wi~h ~h~ loss pa~~bb ~fa~iA: and b+ tM ~v~nt ~ny wm
of mon~~ becan.s pay+bt• und.r ~uch policv a potK~~s w~d JNORTGAGEf shall Mw rM option ro receiw u~d apply th~ um~ o~ accovnt oi ~M ind~bted~ ;
~~sf ~u«tt hi+epy q to p~rmit sa~d MORTGAGORS ro rEUive and vss i! w eny part thr:eo! fo+ o!?+~~ pu*~wte~, w~+?~oti~ ttiarab/ wawi~~ o~ ~mpair• i
inp ~ny pu~ty, lien a rgh~ wtde~ a by via~w ol th]s mor!9~q~; and in ~M ~ve~t ~sid MORTGAGORS aMll (w any r~~WO (~i) to ke~p IFv u~d p~n+~sa so `
i~swed, o~ /ail to deliver prompNY ~ny oi s~fd pol~cie~ of ie?wrant~ to s+~d MORTGAGEE. w(ail promp~ly ~o p+y }ully ~r?y premium 1Mrefw or in any
~~~p~tt tail w palam, disch~.y~. ~:ea.t~. el(ect, comple~~. comply wi~h ~nd ~bid~ by ~hi~ cownan~, w any p~r~ I+Nwf, said MOitiGAGEE en~y pl~c~ ~~A
paY (w such inw~anc~ a~ny par~ fl?heol withour w~ivi~p a afiec~kg any optio~, lien, pvlty, w ri9M und~. a by virrw of ~I+i~ Ma~pp~. and fhe t
full ~.rwum of ~ach and ~v~ry such p~yrr~m ~hail be ~mrrwdw~riy dw and p+y~bi~ and ~i~il b~~~ i~i~r~ii lrom ti+r J~if dxf~af ~ntii pa:d st ths rah o! F
• nin~ pN c~nrum pN srowr++ ~nd to~e~her with suci~ ii+te+es~ fha11 be secwed by tM li~n oi tAis morty~y~.
1. To pNmf~, canmit o~ wFfer no w~it~, imp+irmcnt or dn~r'qruion of u~d propert~i w u~y p~n ther~of.
S. To p~y ~~I ~nd Hnqular tl» coats, cM~pes and ~apNUes, Lrcludirg a r~asonaW~ attarney i fe~ and costs of ~bstracts of titl~, incvned a paid a~
any time by said MORTGAGEE. bec~uw w in the event oi ~M i~il~re on tiw pah o( th~ uid MORTGAGOR to duly. promPtly and futly pafam, distMrp~.
lxKY1~, ~ifect, complet~, comply w~+~+ ~nd ab:de by ~~ch u+d every the atipulnwns, prkmeros, ca+d~rions, and cow~ann o( s~~d promissory na~ ~nd ~ha
rnorqap~ ~ny w ei~iw~. ~nd iaid cwn, ch~r~s ~nd ~xpsrws. each and w~ry. tMll b~ fmmediatef~ dw and pay~ble: whe~her a not ~he.~ t» noe~c~ ds
m~nd, att~mpt ro colkct or wu pend~ng: and Ihe full amouM of ~ach ~nd e~ary wc6 payment sF»II b~a. imwes~ frwn tM da~~ tMreof untH paid at the
rate o/ nin~ per ce~tvm per arn~um; and all said oos~t, char9es ~nd eaptnsef incwred a paid, topethet wdh tuth int~~~ft, ~hall b~ tecured by 1M li~n ot thiu
'^wt9+p~.
6. Tl+at in tM iwm of any breath of rhis lNortyp~ w de(~vlt on th~ part of tM MORTGAGOR, a(b) in th~ ~wnt u~y of s+~d w~n~ of monty
herei~+ r~ftn~d to b~ no1 promptly and fully paid within ~hirty (30) days ~+e,~ ateer ~he •s~Kai~y beca~e due and p.yaW.. wiHa~~ d~m~nd or no~ice,
w W in tFr ~vent sath u?d ~wry ~he stipvi~tions, ~pr~cmeM~. cond~t~ons snd co~enant~ ot sa,d plom~uory note and th:~ mwtpp~ arw w ~~fhK ars no1
iuly. prompdy ee~d fully p~rio~mad, d~uMrped, exauted. effecred. compkted. complied with uwi ab~ded `iy. tMn in ~i~her a~ny such ~wnt IM ~a~d a¢
p~ayaN wm m~ntioned in said promi»wy not~ the~ ~~mainiry unpaid, w~th inrera~t ~cuued, and all inontys secured hereby, ahall becon?~ dw a~d pay-
~bk fwthw~th. w fhereaf?er, at ~he oprion of sa~d MORTGAGEE, fully and compl~uty as i( a11 of ~he sa~d swns of money wers orqinally st~pul~ud
~o b~ paid on wch day. ~ny~hinq in sa~d p~om~ssory nore w in ~his Mafyage ~o ~he co.m~ry notwi~hs~~~d~ng; and tFweupon or thereaht~ ~1 th~ option o1
uid MORTGAGEE, w~thovt notice w demand, tuit at law w a+ pu~ty, thereFae w thereate~r be9un, may be p~wecu~ed a if all ~na~eyt sec~red hsreby
had marwed pnw to na institu~ion.
7. That in tM ~vent rhat at the beginn~ng oi or a~ ~ny r~n,~ pendl~q any w~t upon 1fiy Mo~t9ag~, w to fonclo~ it, or 1o refwm if, a fo snfaq
peyment of ~ny cla+ms hsreunde?, ~id MORTGAGEE ~h~t: apply to the Covn ha~~rp iur~sdKtan +hereot iw the appantm~nt o~ a Reuive~, s~rch Court sMll
fathwith ~ppoiM • receiver oi said mort9aged property alt ~nd sinqular, includ~ny all and sirqu~N fhe incant. p~ohb. iuuq and r~venues from what~ver
wv.c~ d~+ived, each and wcry of whKh, i~ bei~g expressty understood. is herebr mw~yayed as i( apauficalty sat forth and dewibed fn tM 9~aminy and
haber+dum clavses Ae~cof, and such Receivr? shall Mve all ~he b~wd end effective (unct•ons and powe~s in anyw~se entrusted by ~ Court to a RKOivN, •nd
such ~ppointment sha11 be made by wch Covr1 as an admitted equity and • matter of absoluta ryht ro said MORTGAGEE, ~nd withoul reference ro tM
~deq~acy o? inadequ~cy o( the vatue of the property rnor~9aged w to the w~vency or inso~vency o( sa~d MORTGAGOR a tM defend~nts, and that such
~enrs, profits, income, iswas _ a~d rsvenues shall be appticd by such Receiver accord+ng to the lien w equity of s~td MORiGAGEE ~nd the practic~ of wch
Covrt.
S. To dv.y, pranptly and fvlly pe.(orm, discha.ge, e~eecu?e, eHec~, compkte, comply wi~h and ~bid~ by each ~nd every the ~tipulations, ~gre~nNnts,
conditioru and covenaeua in a~~d promiuory noN and ~h~t mwty+ge ut ~or~h.
9. That i~ ~he event the ownKShip oi Ih~ mwtg~yed prtmises. a~nY p~h thenof, becomp wsted ie~ • p~tso~ otha tlrn the NIpRTGAGOR, 1M
MORiGAGEE, its successo.s ~nd ~ssi9ns, m+y, without no~ice to ~he MORTGAOR, deal with such wccsssor a wcce~iw in interp~ wi~h refsrence to thu
mwtya9e ~nd tl+e deDt Mreby se~cu~ed in th~ sam~ manner ~s with Morrgagw w~thov~ in ~ny way vhiatiny o~ d~stM~yinp the Ma~gayas' liability l~rt
under or upon rhe deb~ Mr~by secured. No a~?~ ot 1M ~remKes hereby mortqapsd ~nd no fab~sra~oe on ttw p~rt of th~ MORTGAGEE w its wcuuws
w~ug~s and no e:te~sion o! the time fw the payment of ~he debt hr~eby setured piven by Ihe MORiGAGEE or it~ ~uuesson or asiipro, ahall opaat~
ro releas~. d~scMrp~, modify chuge o~ af(ect the wip~nal liab~lrty of the MORTGAGOR herein, ~ither in wFwl~ or in put.
10. It is specifically ~greed fhn time i~ oi the essence of this corur+d and that no waiva of any obl~yation herevnde~ a of tM oblipation s~
tur~d Mreby shall at any tin?e thereatter be held ro bt a w~iver of the brms hereof ar of the instrwnem s~cvred herby. - .
11. In addnio~ to the farego:~g rnonlhlY payments of princ'pal and imeros~ ~eqw~ed by the p?on+~s~ay not~ secured hereby, mortg+yor cownants
and agrecs to pay to mortgayee with each monthlY paYm~nt an ~dd~r~al sum est~mated by mwtyapet to b~ equal b 1/II of tfie annual cos~ of the folbw-
irg:
A-All real propeny taxes lev~ed o? assessed aya~nsr thc above descritcd real es~ate.
B-Prem+ums on fire ~nd w~nd~rorm ir.surar.ce as here~n requ:red to be ca•ried on the ~mprovementf situate on the above dsx~ibed premises.
C-Prcmiur+q on such morrg~ge gwranfy insurar.ce as mwtgagee shall from t~me to time deem fit fo urry on the ban secured hereby.
i Mortyagee s!~all f.om time ta t~me no~~fy mortgaqo~ ~n wrir,rv~ of ~he amou~~ due and pay~ble hercunder ~nd fuch sum :hall thereupon be due ~nd
~ p~yable on rhe due da~e of tfie nexr moMh:r payment ~nd exh wccessive mon~h thar~sfter vr.til mottpspee shall notify mo~tgaya o/ • dunye in sucfi
~ amount. Such wms sF.a:l be •ppfied by mort9ayee toward the payment of rral p.cperty ts:es, insursnce p?em:ums, and mortgaye gua~anty inwru~ce
f promiums.
! IN WITNESS WNEREOF, the s~~d MORTGAGOR Ms hereunto set hii hand ~nd seal fhe day and yeu firat ~iwesaid.
~ Sipnad. S~al~d ~nd d~live~ed in tM prtserxe of:
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G -
STATE OF FLORIDA ~ ' .
Sti. ~1C~A . . ~
COUNTY Of
Befws m~ penor~all apptared ~ a -~~nd
Blanche V. 'Pearl & Ba ra G. ear , their ~+rives, =esoective~y,~„„.~;w,~,,,,, ,r,d -:~a'~;,,~~ b.
rM i~dividvals dasvibed in ~nd who uucu~ed tM faepoirg hutrur~n~nt. ~nd acknow{edped b~fwe m~ thN thry yaW1~f11epi+~Q ~}ixpo~~s
•
rhe.ete •xp.es..d. /?nd th. u~ ffianr_he ~T_ Pear7 de H~rhara C_ ARarl ~'i
~~~Z ~ 1 1
wives os ~t» ..~d ~'~ir~ f~ii~li~d p~tr~ti
ex~minatan by me uken wp~n~e and apsrt ~rom'j1w sa~d husbandi to ~nd b~for~ re~e t ~ex~cut~d ~~y4o~t., r~nd volwr
~ ear~ly and without ~ny eompubion, eonstraint, appre~l+~~, a f~ar of w ~rom ~ uid . ~
~ WITNESS my hand ~nd offiwl seal this - d~y of D. 19~
' Notary Pv tic ln ~nd i tM t~ of Flaida ~t Larp~
My Ca~unia' ' • ~
Retwn Ta ~~ry f
1Ib~• S~ 19~
~ First f~deral Savinps i Lou? Aswciation Eip;res AN•
pi ion P~erce. N ~~i~ f'n ~ V"'~
Fon Pferce, florida
7 . ~~j/~~ .
~ This Inst~ument Prepared By Donald E. Hughes
First Federal Savings d~ loan Association ~l
~~p ~
of Fort Pierce~ ~orida iT•~oCItN~~~~~~ 0
Ch~cked 8'~ R OL~R
~
F ylT A=
c y Fr,oRn r~R,FiEO~
~ d00K46~ Fj6E V~2 I, ~'1~