HomeMy WebLinkAbout0983
~ -~~i 3E '
~
To plac~ ~nd cor~tirwou~ly kkp o~ th~ bui!d~np~ now w herea(ts~ ~i~wu on iaid land ~nd on ~II equipment ~r+d p~nonatly cowred by this mort¢
p~, wilh ~1) prtmiums Iherton paid in (ull, fire in:ur~nc~ in the usuaf ~landsrd poticy fwm, in s sum ~pprovad by tM MORiGAGEE, ~nd windsram
irow~e?c+ i~ tM ~awl ~tsndard pol~cy fam, i~ a wm approved by ths MORiGAGEE, io wch compa~y w compa~iei as tM MORTGAGEE ~nay
difKlj ~nd alt flr~ and wi~?ds~wm inwrante policies on ~ny o( tsid build=npt, ~~y ints~ast therein w part tl+sreof, ln tM ~ypreya~~ wm ~fauaid w
in ~xcas the~wf, shsll comain iM usual i~~nda~d matyagt~ ctau~ a such o~Mr claus~ u th~ Mw~ya9ee m~y rcqun~. makuq the lou ur~de~ ~a~d po1F
ciN, each and ~v~?y, payabl~ to isid A~ORiGAGEE as ~ti in~erest may ~ppear, and each aod ~vsry suth policy th~11 be promptly au 9ned and d~t~v~red ~o ; ~
•ny Mld by u~d MORTGAGEE ~s (ur~F~r security to sa~d mw~gage debt, and. ~ot I~u than ten (10) days in sdv~nce o~ tM ~xpir~tion of !Kh pOlKy, ~o da f,
liw~ to s+id MORTGAGEE a n~ewai ther~of, toperMr with • receipt fo~ ~he premiwn o( s~cl~ renewal; and ther~ ~hall b~ no ius o~ windi~o~m i~surance ~
pl~c~d on any of wid bvildings. ~ny interat 1he~e~e+ a pa~t thereof, ~nless in the (orm and wit~i tM ioss payabt~ ~s afa~~~id; ~nd in the •vsnt any tum `
of mon~y becom~s payabt~ undH such polity a pol~c~e~ wid MORTGAGEE shall h~ve tM opt~oe~ to reco+ve and apply the sam~ on account oi IM indebted~
neu iecur~d h~reby o~ w ptrmit said MORiGAGORS to receiw ~»d uss it a any pa~t Ihereof fw otner purFwset, w~1M~t thrreb~ waivi~y w unpai~- :
irg a~y pv~fy, tien a riqht under a by virtw oI ~his morsgape; ~~d in ~h~ event ~id MORTGAGORS slull iw any reason fail to ksep the i+id pr~miset so
insu~ed, ot f~il fo d~liver prompfly a~y of said policiq ol insurant~ lo seid MORTGAGEE, w(a~l promptly to pay fu~ly any premium fhertfa a in ~~y
respecr fsil ro pe.torm, diuha.ge, execute, etied, complefe, comply wi?h ~nd ab~d~ by ~his covenant, o~ a~y par~ herwf, s~id MORTGAGEE m~y plx~ and -
pay (w sutA 1Mwanc~ w any psrt fhe~eof wi+hout w~iving a affectinp ~ny op~~on, li~n, equ~ry, w right vnda or by virtw of ~ht~ Mat9aps, and tM
full arraum of tach and ewry such payrrwM ihall be immedinely dw and pay~bl~ and ihall bea. interest from ths dats thereo( vntil paid ~t ths at~ ot ~
~~ne per esneum pe~ snnum and toge~hrr with ~uch ~nterrst shall bs secured by ~h~ lien of thi~ mwt9sge. '
1. To pe~mit, commit p suffer no vvaste, impa~rment or dete~ioration of faid property o? ~ny ps~t tF~ereof. •
5. To pay al~ and singular the cosq, charge~ snd expenses, ;ncluding a reesonabk sttaney's fce and costs of ~bsr.acb of ~~tls, incurred o~ p~id at '
any time by sa~d MORiGAG:E, betause. w in fhe event of the (a~Iure on tlx part of the said MORTGAGOR to duly, promptly ~nd fully perlorm, dixherge.
execute, effecl, comptere, comply w~th and ab:de by each and every Ihe •tipvfat~ons, agreements, conditio~s, and tovenants of said promissory note and thii
n+orrga9e any o~ ei?F~er, and sa:d cost~, cha+ges and expcnses, each and every, sMll be immediatety due and payable; whetl+er o~ not there be no~ice dc
mand, attempt to cotleU or ~ui~ pend.n9; and the fu11 amount oF each and evcry such paymeM ahall bea. interest f~om the date ~hereof until psid at the
ra~e o~ nine pe~ crntum pet an~,u:n; an~! all said c~stf, churgrs and expenses incurred o? paid, together w~~h such interest, thall be iecu+cd by the lien Of thi~
mortysq~.
6. Thal (a)~~n th~ ever~f of any b~each of this Mortqage or defautt on fhe part of the MORTGAGOR, or (b) in ~he eve~f any o( ~a:d tumt of money
he~ein re(e~rad to be not prwnptly and (~fly paid w~rh~n ~h;rty (30) days next ahc~ the same severa:ly become due and paya~le, wdlwut demand o~ nol~ce.
or M~e evem each and every the atipu:at~ons, agreements, conJ.t~o~s and covenants of sa d promnsory note m~d th~a mortgage any w e~ther are not
iuly, p~omptly and lutly performed, d~scharged, executed, effected, completed, compt~ed w~th and ab~ded 5y, then in e~~her w.any such eveM the ia~d ag
gregate sum menewned in sa~d pronussory nore rhen re~na~ning unraid, with iniere;~ acaued, and a:l moneys securcd F~ereby, shall become due and p~y-
eo'.e forthw~rh, or thereafez~, at the opr~on of sa:d AtORTGAGEE, as fuily and complesety as N a:l of tf~e sa~d sums of money were or~ginally •hpul~ted
to be pa~d on such day, anything ~n sb d prom~sswy note or in this Mwtgage to the co~~~ary not.v~ths~ancf~ng; end there~pon w thercafte~ at ~he op~~on of
sa~d MORTGAGEE, witho~t noi~ce or demand, suit a~ law w in equ~ty, therefore or thereal~er b¢gun, ma~ bc prosecuted as ~11 mooeys secured hereby
nad mat~red pnor to ~ta inst~svnon.
7. That in the event thae a~ the beginn:ng of or at any t~rne pend~~'g any su~t upon th~a Morfgage, o+ to forcclose it, o~ to refam it, or to enforce
payrn~nt ot any claims he~eunder, ~eid ldpRTGAGEE shatf ~p~!y to the Co~rt hav~~:g ~ur~nd.aion ihereo! fer the appomtmenf o( s Receiver, such Court shsil
fathwith appo~m a receiver of said mo~tgaged property all ar.d ~ingula~, indvd ng ati and s~ngu~a~ ~he inco+ne, prof~ts, iss~es snd revenues from wAatever
source derived, each end every of wh:ch, be;ng express'y underirood, is hcrrby mo~rgaged as ~f sper.i~cally xt for~h and descnbed in the grant;ng and
hel+endum clauses hereof, ar.d such Receiver sha? have a!t the b~oad and eftecr;ve funct~cns and powe~s ~n anyw~se ent~usted by a Cou~t to a Receirer, and
t~ch appointmem shaii be made by svch Co~rt as a~ admittc~j eq~ity and a matter oi ahsot~tr r~gA~ to said MORiGAGEE, and wirhout reierence to the
edeq~aq or insdequacy oF the vs!ue of the property mortgaged or to the sa:vency o. ~nso:vency o1 sa~d MORTGACiOR or the defe~xJants, and that such
rems, prof~ts, income, issues and revenves shail be appt~ed b~ sucF. Rece~ver acccrd~ng to the lien or eq,,:t~ of sa~d ~dORiGsiGfE e~~3 s~~a pr:ir~ie ot a~ch
Court.
8. To du!y, promptly end fully pe./orm, d~scharge, excc~te, e4fect, compie~e, cofrply w+~h an~ abide by each and every the stipulations, agrecmenti,
conditions and coveoann ie sa~d promissory note and th~s mortgage se1 forrh.
9. That in the evero the ownerohip o1 ~he moregaged prem~us, or any part thereof, bccomea vested in a person other than the MORTGAGOR, the
MORTGAGEE, its successo~s and ass~gns, miy, rv;fhous no~~ce to the M.ORiG~O~, deal w~~h svch svccessor a successw in interest with refe?e~e 1o thi~
morrgage and ~he debt hereby sec~.ed in the aame mannrr as w~:h IAorfgagor w~~hout in any way viGatir~ o~ d~uharging tF~e lUbre9~gort' liability herr
~nder or upon the debt hereby sec~r~d. No saie of the F~e~•~;ses hrreby moHgaged a~d no forbeara~te on the part of the MpRTGAGEE or its suctessors
cr ass~gns and no exrens~on of ~he t~me f<~. the payment o4 the debr h~.eb~ secured g~ven by ehe MORTGAGEE or its successors w ~uigns, shall operate
ro rNease, d~scharge, mod~fy change w atfKt the ong~~al tiab.l<ty of the MURTGAGOR hcreln, either in whoie w in part
10. tt is apec~ficaHy agreed rhat t~me ~s of the esxnce o'. th~s contracr •nd that no waiver of any obstgstlon hereunde? or of the obligation se-
tured hertby shala at any time Ihereafter be he;d to be a wawer of the terms hereof or of the instr~men! aecured t~erby_
11. 1~ add ~:o~ to rhr forege ng momh!y payments oF princ pai and imerest reQuhed by the prom:ssory nae secured hereb~, mongagor covenant~
end agrees ro par to moregayee v~i!h each monrh;y pa~~,rnt an add~~ional sum esT'mated by mw?gagee to be equal to 1;'12 of the anc~af cost of the follow-
mg:
A-AH .eai property taxas Ievied w assess_~ aga+nst thc acove descri5sd real eatare. '
B-Pre:r,~;;:m on h.e ar.d rlir.a:!~rm ~nsura~-ce as n..~re~n ~eq~.red to be carned on ihe ~mrroveme~ts s-tuate on the above described premises.
C-P~emiumt o~ such mwtgage gua.anry icsurar,ce as.n:crtyagee shaif frc,m t;me to nme deem f~t to carry on the loan sewred he~eby_
klo.tgegee sha:i from t~me to c nor~f~ mor+gagor ~n wr~nng of the a•-:ou~t d,,e and payable hr~eundrr and sucn sum :hal~ thereupon be due and
, Fayebfe on the due da~~ of ~he next month:y payn,:nt and each successive mcn!h thereeft_. urti! mo~tgagee shall not~fy mort~agor of a change in such
a•nount. Such aums sFa:i te appf~ed by morrgaghe tov.ard the paym.ent of real prcperty taxes, insurarxe prem:ums, and mo~tgage guaranty insurance
p~emiums.
IN Y/ITNESS WHERiOF, the aa~d h50RTGAGOR has here~~to set hes har,d and seal the day and year first atwesaid.
Si9ned, Sealed and delivered in the preu~ce o~: '
~ f lt~~+ ~rn f~~ i
• , an
SZ.~{~~. M~ n
- p,,"vf ~-~1*1~S I~F~ S SP2~ ~ - ~Seaq
- ~<<F'.t C:~' ~U1i C • ~
~
afrt~:~; .~ti~ztft~ Pa~.iline ~.'St~i+~ -tse.0
s~~ z.~ ~ '-..-.~sean
SiATE Of FLORIDA ' ~ g S6 _ ' ' . .
COUNTY OF ct. _ i.tt.^_ ? P_ ~ • ~ J y'~~ ~ . ' - -
Befwe me perwnally appesred u'32'IP~ ~*I; fti' ' rlnd
~'auline Smith h~i wiie, to me wefJ jciwwn~ind known t6 nN;fE M
rhe individvais deu.~bed in and who eaetuted the forego~ng instrument, +ind scknow~edged before me thet thsy exe6yte¢ fhE ssme ~~he' ptrrOcues
rherein expressed_ And the sa~d- ~'a:~l ina '2~t~ }.1i :
~ ' , . r .--~--~"~.~e-- tC'---
rv~fe of the said _ .ia-r~na ~:~njt1~ ~bp~o aJ~a1`Mi'd priwt~
exam~nat~on by me taken upara~e and apart (rom her sa~d husband, atknowtedged to and be~ore me that ~he executed said irWtuFMnR•f1l~l~y atx! voluo-
rar~ly and w~~hout any compu.von, constraent, apprehens:on, or fea? of or fiom her said husbar.d. ~
WITNE55 my hand and off~clal seel this__ ~~~1 day of ~-'~e'~~'Or '/1. D. 19 7~ '
~/X~C-~f_. v .
Notar Publ~c in and (or the tate of fforida at lar~e
My Comm~ssion expires: q
Retum To: ~7 - " 77 '
First Fedenl Savings 3 loan Associa!~on
Of Fort P crce.
Fort Vierce, fler;da
This Instrument P~epared By ~it;g~:a:
First Federal Savings 8~ loan ~sot~ on
of Fort Pierce~ ~or.~a '
Checked By - p~GX 'AC: 96i