HomeMy WebLinkAbout0615 ~ ~ 1 ~ ' ' ~Ti - . . .
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J. To plac~ ~nd conlinuouily kMp on th~ bvi:dinyf ~ow o~ h~r~afta ?iwn~ on sa~d i~nd ~nd a+ a11 equ~pmen~ ~od p..w~u11y cora~d by ~hi~ r.w~?q~
p~. wilh all premi~m~ tl,e~eon p~;d ie? lull, 11rs insur~~c~ in ~h~ uzual sr~nd~rd policy }am, in a~~m approwd by th~ MOR1GAGfE. and w~nJ~rarr
t~aw+~c~ (n ~M uswl s~andard polNcy fwm, in ~ wen app.ov~d by ~M MORTGAGEE, in wch compu~y a companiN u ~M MORiGAGEE m+y
dihc~t ~Ad ~11 (G~ and w~nda~orm imur~nc~ po1KK~ on ~ny o( ~a~d buiW~r+p~. ~~y iM~rt~~ Ilw~ain w p~rt tMtwf, in tF?~ pq.ep~~~ ~um afa~~aid a
M txass IAtrw1. ~MII conqin tM ~su~i sta~da~d mo.~psfle~ ctiuH a ~uch orMr cl~va n th~ AAI1wo~ryp~e may ~~qwn, maki~g ~M losf u~der ~+~d polF
t1a. NcA u~d ~vNy, paYab~ M sa~d MfORTGAGEE ~i ~h iroere~t m~y apps~r, u+d ~ach ~nd ~very tucA pol+p shall b~ pranpdy ats 9n~d ~~d dtliv~~ed ~o
~nr Mld by uid MORTGAGEE ~s ivr~he. secur~ty ~o u~d Rar~ya9s dabt, •nd, not fe» ~h~n (~01 d•y~ in ~dr~~c~ ol ~M txp~r~tion of ~ach po~~cy, to dr
IivN ~o said MORTGAGEE • r~ntwaf the.sof. ~opNi?~a weth • rac~~p! fw th~ p~~rnium ot wch ~e~wal; ~nd tMr~ aha11 b~ no i:r~ or wind~~orm in~uraet~
p~aqd on any of aid build+ny~. ~oy iroaesl th~r~~e or par~ ~Mreof, unle~~ i~ ~M io~m ~nd artth tM Iws payabl~ a~ ~ia~wid; snd io IM +vtm ~ny ~um
of nwrwy b~com~s pay~ble unds~ iuch policy w policies uid MORTGAGEE ahall haw rh~ opt~on to recsive and ~pply fM s~~ on ~ccounl ot tM ind~bted-
n~s~ s~cured hs~e~y w b ptymit s~~d MORTGAGORS ro?eoeive ar+d usa if w a~y part thcrcof io~ o~hrr NwNCSes, ..:~t~~~t th_r~ ai ,nrs~.~~*y w••~pa;•-
inp My pu~ty, li~n q ~iqhf vnde~ a br vir~~e of thq mo:tqay~t Md in tM ~vent uFd MORTGAGORS ~hati (w any r••~? fail ro ka.p ~h~ atd p..~nis.s w '
iniurad, pr (ait b d~liver piomptly ~ny o! said polKies of iniurs~c~ tO Hid MORTGAGEE, w fait promplly tp p~y (u{ly sny prem~um Iherefp p in any
~ r~apKt (ail 1o perform, discF+aryt. •xecuts, elfect, complete, comply with sr+d abid~ by Ihis tovt~ant, a+ny put hareof, said MGRTGAGEE m~y plat~ ~~d
psY (ar svth tmursrxo a anY ~yst thsreof wi~haut w~iving a~((ecting anY option, li~», puily. o~ ri~ht unde~ a by virtw ot thif Mwf9~, ~nd the
1uH arnount of ~ath ~r+d ~~sry ~uch payment sh~ll be immediately dw and p~yabl~ ~nd shall bea. int~re~1 from 1M dab thereoi until pa~d ~t 1h~ r~t~ ~f
mns p~~ csnrum pp annum and toye~hei w~+A ~uch ~nteres~ sMll t» secured by tha tien of ~tw mor~9ap~.
1. To pKmi~, commit o~ suffer no wut~, Impairmem w ~lrterior~tioe of aid propxty or any put thNeof.
5. To pay Ni ~nd sin~ulu the cosh, char~ and expense~, includi,~p • r~asonabk +1~orney'f f~e ~nd costs of abs~~acts oi titl~, incuned w paid st
any ttme by wid MORTGAGfE. becavss a in tlr ~v~nt ol fhs failur~ on ~h~ p~rt oF Ih~ said MORiGAGOR ro duty. p~omptiy and fully pNtorm, dacMrq~.
eaecu~s. ~(fecl. compkt~, comply w~th and ab~de by aach u+d ~very ths ttiputat~ons, s9~~ements, conditions, and mvenanb ol s~id pomiuory no~e and thu
matQape ~iiy a e~tMr, ind sa~d cwts, cMryss •nd e~cpense~. ~ach ~nd ev~ry. shall bt imrtudiately dus ~~+d pay~ble: wF~ether p not thare ba nor~ce da
mand, a~~emp~ ro coU~ct w wir p~nd~n9; and rM tu?1 amo~rt~ of each aod rrMy ~uch parmem ~Aatl bes. inter~~~ irom tM d~t~ thsrwf unt~l paid at ~he
rate o~ nine per cenrum pe? ~n~~urn; and all said coits, cha~ye~ and eas»nxs incwred w paid, fo~rther wah ~uch inter~st, sMll b~ aecured by tM lien o( Ihis
mortpq~.
e. Thaf in ~he ~vtM of any breach of IF~is Mortyay~ or def~vtt on tFK pan of rM MORTGAGOR, or (b) in th~ ~vent ~ny of sa~d sums of ma+~y ~
her~in nfKr~d ~o be ~,o~ promp~ty aru~ futty paid w~rhin thuty t301 dayn ne¦t at?e? tM sune sev~ratly becorrK dw a~d payabl~, withou~ dema~d w no~ice, .
or in tM even~ each +nd ere.y the s+ipu~~iions. ~greamenn. cond~~ions and COvMints o4 ~~.d pron+iuo~y no~e and th;i mw~~~ any a eith~r •r~ not ~
luty. pomptly and tully p~rfamed, d~xMrged. execvted. effected. compteted. compli~d wi~h srxt •bided Sy, then ir~ eithei or any svch swM 1M u~d a9-
pra9a?~ sum mentipryd In said p~orniasory note Ihen remaininp unp~id. wi~h inte.esl ~tcrued. ~~d all tnoneys fetwed htr~bY. a1+a11 becoms dw and p~y- ~
abl~ fwthwith, o~ ~he~eairer, a~ the op~~on of sud MORiGAGEE, as fully and tompktely as il •11 of the ss~d s~~ms of money wer~ orgin~lly tt~pul~ted
to be pa~d on avcA day, ~~ythiny in sa~d p.om;ssay note a In Ihi: Mongage to ~he comr~ry notwi~hstand~ng: and ~hereupoe a thereafter ~t tlw op~~on oi
uid N10RTGAGfE, wiihout notk~ w demand, suit ~1 Isw or in equ~ty, the~~fo~e or ~heresiter bepvn, may be prosecuted as if all mooeys wcur~d hereby
had matwed prw~ to institurwn.
7. TFut in Ihe went tMt at fhe beginntng of w at any tir.+s pe+~d~nq a~y su7t upon thls Mortp~gs, a fo foredose A, q fo nform it, w to ~nforce
psymtnt of ~oy dsims hereunder, uid MORTGAG'_E shs!I app!y to the Cour~ hav~ng ~vr~sdkt~on theteof Iw the appointmfnt Of ~ Rettiwt, tuch Coun shall
fathwith ~ppoint a ieceiver of seid mortyaged p~opcrty all and s~n9ulir, includ~ng atl a~nd ~ingvtu-the income, prohff, iuues ar~d ~twnues fran whaf~,.sr
sowce derived, eatl~ •nd every ol wh~ch, it bei~p expressty unde.stood, is hereby mo+rgsged af if ~peufiully set tath ~nd dewib~d in th~ ~raminy ~nd ~
Mbsndum clau~es hereof. end such Reuiver sh+N have ~11 ~he boad ~nd effect~ve funct.ons and powcn in ~nywsse entruaed by • Cou.f ro a Receiver. ar.d
soch ~ppoinrme~~~ sAal~ be made by svch Courr at ~n edmirtrd equ~ty and a ma»er of a4solu~e r~gM to said MORTGAGEE, ~nd wi~hout relerence to tl» ~
~dequ~cy w i~adequacy o1 ~he value o( the p~operry mon9aged or fo ~he wlvcncy w insolvency oi s~id MORfGAGOR w the .defendanti, and rhaf wch
re~ts, p~ofib, uxane, issws ~nd revenues ahaU be appt,ed by ~uch Rcce~~~~ accad.np ro ~he lien u pvity of aid MORTGAGEE and the practK~ of such
Covrt.
6. To dufy, promptly and fuUy ~~to~m, d~xhuge, exec~te, eifect, complete, comply wi~h and abide by each ~nd wery the stiputations, ayreements,
cO~itiO~q ind COVManI~ in se~d promisw.y npt~ and th:s morrgage sr~ tw~h. -
9. That in the e~rant the ownersfilp of the morrgayed premises. or ~ny paH A+enof. becanes vttted in a person olher fl~an tF+~ MORTGAGOR, fM
MORTGAGEE, iri tuccessora and sssiyns, may, witFw~t no~~ce to the MORTGAOR, dea~ with ~~ch succcssw w sutcessa i~ intereN with referente to this
n+a~9a~ ~nd rhe deb~ fureby ~ecured in the same m.nner as w~+h Mortgaga w~~hou~ in ~ny way viHa~iny or d~uMry~nq the Mwey~gori fi+pility herr
~nde~ or opon the debe hereby secured. No sale of iha premises heieby morfy~ped ~nd no forbearance on tht p~rt of the MORiGAGEE o~ it~ iuccesfor•
w~fsiym and no eatension of the time for ~iK p~yment of the d~bt hereby sccv.cd given by the lAORTGAGEE or iti successort w au~9ns, sh~l! operat~
ro release, d.scAar~e, mod;fy chanfle w•(fcct the ori9~na1 iieb~fity of ?hs MORTGAGOR here~n, eithn in whole w in pa,t.
10. h is spec~fKatty apreed rhat nme is of ~he csurecs of rh~s conuec? ~nd that no w~iver of ~ny obUya~~on Mre~nder a of th~ obt7yation se-
cvred Mreby shaN ~t a~y time rhere~ft~r be hetd ro be ~ waive~ of the tem+s hereol or of the irotrumem secwed Ixrby.
11. In add~rion to tF+e forego:rkj mo~~hfy psymen~s oi princ pal sr+d inre.es~ .eyu~.ed by rhe P.«„~sso.y note secured he.eby, mortgsgor covenents
~nd ~grees to p~y tv mo•tgegee wdh each mo~thiy payrnent a~ edd~rionN sum esr+n~ar~ b~ mortgaQee ro be equa~ to 1/t2 of ~he ann~at tost of the ioliow-
in9:
A-All real propertp ts~es kvied or asscssed aga~~it thc above d~sc~ibed roal eaw~e.
B-Prem~um: on f~re and w~ndsrorm ]niu~arce as herein requ:r~d to be urried on ~he +mprovcmc~ts sitwte oo Itx above desv~bed premiap.
C-Premiurns on svcfi mortg~ge gua.anty i~sura.,ce es martqagee shall f.om t:me to t;:ne derm f;t 1o cirry on the Io~n secured hereby.
Mongagee sha~l f,om ~„ne to t~me not.fy mongagor in wr~t~ng of the arrouM d~e and payabk hereunde~ ~nd sucl~ ium ahell therevpon be due and
payable o~ +he due date of ~he next monthly payment and each svccessive ~ntfi thereeher ur.til mortq~qee sFwt1 nolify mort9apor of a ~hange in such
amov~t. Such sumt ehail be applied by mcrtgagee tow+rd the payment of ~eai peoperty taaes, insurance prem:ums, and mwtga9e guara~ty inwrscce
p~emiums.
't
IN WIINESS Y1HfREOF, ~he sa~d MORTGAGOR h~s hereumo ut h~s hand and seal the day and yea~ firstvfwestid.
Sip~ed. Sealed ~nd deliv~red in the presence oi: „
` ~ W liaa Gordo !~n
~ q
uth M. Gordoa
, are,oF FcacioA ~ ,
courmr oF St . Lucie ~
defwe me pe+sonally ,~a.~d Wi 11 iam Gordon
~nd
Rttth M. Gordon his wif~, to me we~l knowr~ and known to rn~ to b~
tM lr~ridu~b described in and who tx~tuted the fwe9oinp instrument, and ~ckrwh,ledped befwe m~ tMt lhty es~ated tM wm~ fo~ th~ pwpoN~
rhe.ein ~~cpes..d. ~?na t?» a~ Ruth M Gordon ••~•+•~,l
~~e of rM s.ia - Wi llias Gurdon - ~ • ~
.r ,~i00•~•. ~~i~ Privat~
ex~minatwn by me taken ~epar~te and apan from h!r ~aid husband, ~ckrowiedged ro and befwt m~ fhat she esecuted ~saN1'KUMut~eA1~/r1d voNrr~
~^a ~it~.~•! e!!x i•vnr .la:nn, ~e.~afr+~:M, wnn?~hensien, e~ /es? of or irom he/ Nid IWSbind. ~ i•' :
WRNESS my hsnd and officiel seal this_ 13th d~, o~ Deeeober = L~ ti~~ 76
- - r
. =
N fary Public in ~nd 1p=?(~ b`V ~f j~Ip~-'
y Comma:ion txptreu - , • : : .
Return To: ' 'n,
first f~der~l Savinys 3 lwn Asiociation 1: '.~~:.'1,' - .
C ~Ar ;._.T.7.'.3;!~t' ,'i :7- -
UI Fo+t P~er ¦ ~ _ ,
. . . ~~~N ~
~Y+~O'il Aawr..~o :.r~ ~ u..ta~ ~~F~r.~
fort Pierce, Fiwida
~2~~ /~t ~ _
This Instrument P~epared By John W. Collins
First Federa! Savings b loan Association `
of Fort Pierce, Floz ida - i~~ ft ~
Checked B ~ . C~ ~c~~~T~~
y REC?q~g~R~/E0 ~~f
• • ~4 ~ ,
n c n -
_ :1! ~?W-~~~' .