HomeMy WebLinkAbout0719 ~ 3. To pl~c~ and conr~nuously keep on IM bu~'d~r.g~ noN a Mr~a(ter ~ftu~h on ~a~d laod and on d1 equ~pmen~ and pertoeally cover~d by 1hi~ mort¢ .
p1. with all p~~miums tFureor? p~ d in fu{I, lu~ insurance ~n ths u~wl sta~dard polky (orm, in • sum .ppro~ed by tA~ MORiGAGEE. and w~ndstam
;r?sw~nc~ in tM ufval ~tandard pot~cY lorm, in • svm ~pprortd by tM INQRTGAGEE, it~ such canp~ny or comp~nies ~s 1M MOR1GAGfE in~y
duecq ~nd aii tu~ and w~ods~a~m ins~rancs poiK~es on any of s~~d Iwild~np~, ~oy iMtra~~ tl+aein or part ~F+~reol. io 1M ~99rc9~t~ wm ata~t~id w
In eacea lhereot, sMll contaLn th~ usual standaid ma~gaye~ ctiavs~ w such o~Mr ciau~~ as tM rAulp+9e~ may ~equ~r~, makirq tht lo» v~ ~a~d po1F
ciy. each ~nd OYNY. p+vab~~ io u~d MORIGAGEE a~ ~n in~c.eat ma~ appear, ~nd e~ch aod ~vtry futh pol~cy ~hall bt p~omplly •~s 9~~ed ~~+d d~iivasd ~o ~
•n~ heW by ~.~d MOR1GnGEE ~a fwther secv~ity ~o sald mwtgaq~ debt, ind, not leu than tt~ pQ1 d~ys in ~dwnce of ~h~ eapu+Ga+ of e~ch policy. ro da ?
liw~ to taid MORTGAGfE a rcnewal thereof, tope~he~ wiih • rece~p~ for ~he wemium ut auch renewalc u.d ~Mn sMU b+ ~o o. w+..dsso.++. :~awt~ce
piKfO Ofl ~ny oi ~~d 'a,~ia~n9s, a~y ineerest there~n w p~.t ~he~eol, unle:s in tM form and w~~h tM 1os~ p~yabl~ a~ aia~s~~d; ~nd in th~ •~~nt any sum
of mon~y becornea payable wxiar such policy ot potic~e~ sa~d MORTGAGEE shall h+w ~M opYan ~o receive ~nd apply ~he ume on xcount of the indebud~
neu iecured hereby w ~o perm~t fa~d MORiGAGORS ~o ~eceiw ~nd vte it p sny part ~hereof for otnc~ purE~osrs, w~ihout th-~.b~ w~~~~ng o. ~~~pa~~•
inp any pu~~y, 11en a nght unde~ w by virtue of thu mo:vpaye: and in ~he eva+t a~d MORTGAGORS sh+U (a any reason fail ro keap ~he utd pr~m~ics w
insured. a f~il to deliva p~omptly ~~y of said policief of in~uronc~ lo ~~~d MORTG/1GEE. a iail promptly to paY tvity awy prem,um thaefa or in ~ny i
reipect iail to pe~fam, d~sch~rge, executa, sf~ed, comple~e, comply with and abid~ by ihii covenant, a+nY psrf h~~~of, ta~d MORIGAGEE may p~xe and ~
paY for ~uch iniursnt~ or eny Qa~t the~eot w~thout w~iving or ~fteclinq ~~y optia~. {itn. equ~ty, w r~gh1 und~r w by virlw ot thit Mat9pe. ~nd ~hs ~ {
full amouM of e~ch and every such paymem thall be ~mmediately due end p~yable •nd ~MII bea~ interest from 1M da~~ thereoi vntil paid ~t tM rat~ ol •
nina per centum pe~ snnum and toge~her w~th suth inreresr ireil be secured by t!w lisn oI thii mwtyiye. r
4. To pe~mit, commit or sulfer no was~e, impairmem a dcterara~ion of iaid a~ope~ty w any p+~~ ~1+e?eof-
S. To pay all ~nd urqular the costs. cMrpes and expenses. ~ncludi~.y a reasonable at~aneY's iee and coa» oi ~bs~r~cn of titts. inc~rred or pa~d a~
eny ~ime by sa~d MORiGAGfE, because or in ths ~vent oi the iailure on ~he par~ o} iM a~~d MORTGAGOR ~o du~y, promptly ~nd fully pe~fwrr~, d~xharg~.
e,cecute, etfect, compk~~, ca*+p~y w~t{~ ~nd ~b:de by each ~r.d every ?he stipulat~om, agreemenq, cond~~io~u, and cover?ant~ of said promiisory nott ~nd this
mortgaye any a ei~ha. and ~aid costs. cMrqes ~nd expenses, each and tre~y. shall be immediNely dve and payable: whe~her a not the~e be not:ce dr
msnd, ~ttempt to colleci p suit pend~ng; and tM tull amount of each and e~e~y such payment shall bea• inte~esl from fhe da1~ thtreol until p+id ~f ~he
ratc o~ n;ne pe? cen:um per annurn; and ali uid cos+s, char9es and expenses ]ncurred or psid, together w~~h such imecest, slutl b~ secured by the I~an of tho
mat~a~e.
0. TAat in the event of ~ny breech oF thit AAwtgag~ w defaul~ on the parl of the MORTGAGOR, w(b) in the evcni a~y of sa~d ~u~ of money
herci~ referred to be not p.ompety and fully paid within th~rty l30) days ~+eat ateer the same scve~atlr become due +nd p+yabfe. wi~houl d~•+und or f10fiC0.
or (c) in tht evsnt each and every ~he :t~putations, agreemen~~. cw~d~fwns and covenants of sa;d prom~saory no~e and tA.i mortpaqe any or e~the? are nd
iuly, promptly and fully per(wmed, d~xharfled. exec~ted. effeceed, completed, complied wieh and ab~ded 5y. thsn in e~lher a any ~uch ~v~~t 1M a~d a¢
p~egare wm mentioned in seid promcssory note then rema~ning unpa;d, w~th imerest a«rued, and a11 mo~eYS secured hereby. ~hafl become dus and psy-
abte forthwitfi, w ~hereaitei, at ~Ms option of said MORTGAGEE, as fully and comp:ete~y a~ i! +t1 01 ~he satd sums of ~naney were onyinally tt~pu~atcd
to be pa~d on such day, anyth~ng in sa;d prom~ssory note w in thiu AAwtyage to ~he co~~~ary noew:~hsund~ng; ~nd the~eupon o? thtre~fter at ths opt+on of
said MORTGAGEE, wiiFaut notice or dtmaod, suit ~t law w in equ~ty, therefore w thrreafter begun, may be proxcu~ed aa ii all ma~eys setur~d heteby
nad m~tured prar to d~ i~stitutwn. -
7. TMt in Ihe erent thar at rhe beginning ot ot at tny time pencl+ng iny su+t upon +his Matgage, a to forettos~ it, or to refum it, a to snforc~
paymen~ of any claims hereunder, said MORiGAGEE shatl apply to the Cour~ ha~inq ~ur~sd:cr~on thereof iw ~he appo~ntment of • Recei~er, such Court shall
Forthwith appoie+t a ~aelver of sa:d mo~tgaged property a~l ~nd sinyvl~?, includ~ng ail and a~nyv~ar tF~e income, p+ohu, issues u+d revenues from whetsver
wurce daived, each and every of whKh, ~t being expressly vndersrood, i~ he.eby mo~~gaged af if spec~fically set iath ~nd descr~bed i~ ~he y~a~ting ~nd
habendum da~ses 1~ereof, ~nd such Receive~ shall have •II the broad ~nd eliecr~ve tuncr.ons and powers in anywiu r+austed by a Cou~t to + Reteiver, +nd
wch appoiotment fhall be mede by such Court as an admitted equlty a~d a m.a~ter o4 abso+ute right fo said MORTGAGEE, s~d without reference to tM -
edequacy w inedequacy of the wl~e ot the prope.ty mortgagcd o~ to the soive~+cy o~ inso:vency oi s~id MORIGAGOR a the defendants, u+d that tuch
rems, profin, iocome, issues and roveaues sha11 be spplied by such Receiver accord~ng to the iien w eqvity of said MORIGAGEE and the practice of such
Court.
8. To duly, promptiy and fully periwm, d~scharge, execute, effect, complete, comply witi~ and abid~ by each ~nd every_the :tipulationi, ~g?eement~.
conditions u?d covenanu in sa:d promisswy note and th;s mortgaqe set forth.
9. That in the event ehe ow~ershtp of the mongaged premiaes, o. any part thereof, bccomes vested in • person other tha~ the MORTGAGOR, tM
MORTGAGEE, its successas and ass~gns, may, withovt nor~ce to 1he MORTGAOR, deal w~th svch successor a s~ccessor in inlere~t with ~elerc+~ce to this
rro•~gaye and the deb~ hc~eby secur=d in the s~me ma~ner as with Mongagor without in sny way viuatiry o~ d~xha~9~ng the Mwtgagor~' Iiability hert
~nder a upon 1he debt hcreDy secured. No sale of the premises he.eby mortgaged and ~o torbessa~ce a+ +hs part of ths MORSGAGEE w iti successws
or assigns and no ea~e~sion of the rime for ~he payment of the debt he~eby sec~red given by the MORTGAGEE o~ itf successws or ass~gns, w'ull operat~
ro release, d~uhargt, modify cha~ge or aiEM ~he orig~nal liability of ~he 1NORiGAGOR he~ein, either in whole w in part.
10. It is speclficaliy agreed that time ia of the euence of this cwztr~ct snd '~hat no w+iver of aoy ob1;g~Ywn fitteunder w ot the oblpation it
! cured hereby shall at ~ny Iime thcreafter be held to be • wa~rcr of the terrru F~erso~ w o( tht irolrument sewred herby.
` 1 l. In add:tio~ to the fwego:ng monthly payments of princ psl and inte~est required by ~he prom~ssory nore secured hereby, mortgagor coven~nts
` and agrees to pay to mo:tgagee w~th each m~fA~y payrneot an add.nonat wm est~rr.sted by morfgegee to be eqwl to 1/12 of the annual cost of the follow-
~ "'9: :
~ A-All real prope.ty taxes levled or assesticd egai~st th~ above deu.~bed rea~ estste.
B-Premwms or~ fire and w'~ndsrorm ~nsurarce as ?~ere~n requ:red to be carried on the improvements s.tuate on the above drst~ibed premi~es.
j C-Prem~un+s on such mortgage guaranty ~r,w~a~,ce as mortgagee sfiail irom ~.me to t~me deem fir to urry on fhe loan securcd hereby.
4 Mortgagee shaN f.om rime to t~me nol.(y morrgagor ~n vvrit;ng of the arnou~r due and payable hertundet a~d auth wm shatl thesevpon bt dve ~nd
j Fayabte on the due da~e of the nert monthly payment and each successive moneb thereafter ur~til mortgagee shall notify mortgsgor of a change in such
~ a^~ovnt. Such sums sha'.~ be apptied by mbrtgagee tov.ard the payme~t of real propcrty taxes, inaurante p?em.ums, and morlgage guaranty insurance
i
p~emiuma.
IN WITNESS Y~HER , the said MORTGAG02 has hereunto ut his hand aod seal the day end yea? first ~foresaid. ~
~ $iqned, $e~ deti ed in the presence o4: J C_
I\L(/~O %Cl.t~~ (Sean
~ ~ditnesse3 for Johnson Aersc e . o ns t
~
` 'ditnesses for Coberly ~-F~na~~ o erly a ~ ~~~s
i Lo Pr y
STATE OF FLORIDA ~
COUNTY OF ~ "~~'C^-- ~
. V` rl7J
Before me person~lly .~s.~a 4iersehel D. Johnson ,,_•<",`•••.;~t
~ _~1[xOt~, ro me we~~ known aed~~+~ ~~6i' .
0
the individwl described in and wMo e:ecuted ~he fweganp inst?ument, ~nd ~cknawledged befwe me tM~ `~e ~xet~ted t(~a 4a ths n_~~
~ = h~~ ~ ~ ~ a -
rherein expressed. +~?~M e
~ ` s
~ _ .
~ WITNESS my Mnd and offici~l ~eal ~hit- fa ~ day of ` ~ P ` A. D. 19..~ .
~ `~:rn to r^irst r^ederal Sav~ngs & Loan Association `
of Fort Pierce - Fort ?ierce, ~orid~~o °E ~
$T.IU~'L ...)~W''f L• Not~ry ublK in and fw the St t qf F yr
' T.., :c'r. i' ~R y Commwan expirel~lo~~Y ~t~hc. ~~te t~ FoR~~a At l?rve
s~ATe oF Fi w ~ ECORD VERIfIEO w~~: .~C ~~0~"`~~Oi~ ~"P`~~~' ~7Z ~
couNn oF~~ ~ ? NJ~~ J
~ ~~1~
Befor~ rr~ y pp~ared Be~l_ rl~~ gl SQ >>t~n~rri t;~ ~3E;t~1 ,
perwna{I a
arl •r
,'rCi~l-._~. ~jp f~to me wtll known sr+d known b me to M
the individu~' dex.ibed in and who executed tM fwe9turg imtrument, ~nd acknowledped before mt tMt he exewted the ~qy.~q,,tht pwpos~s
rhersin ~apressed. 40r~ne~Ad ,
. .y
i
. . . . ' • t ~ . .
Y ~ - 1 i
WITNESS my hand a+d oificial s~al thi ~ d~ o~ , r~
Jf
\ \ •T` i f ~ :
~'!~:is instru.~nent prepaz~ed bq Carol B. ~rns ~ ~ ~ ~
~rrt F . . Not~ry PvbIK in and fa tM k~t~ oE,~Flo~i~~s~ (,arp~
- - ederal Savings & Loan Associa .pn o , ,a„ .x i~,; - . _ _ ;
;~rt Pisrce, Florida " eOW~~~ 7 7~1~ y~!'ni ~F• Ts- n~ ~~a+r~f+ ~T t' q^~
~ A.~~'`~~ •
V i~1.r!
f-.t~ ' i.~.~i~t~11 u'~f1h~J hL~.dU.il :i.. ::.i i ,