HomeMy WebLinkAbout0605 3. To ~•lacr snd to~.t~nvo~~ly 4ep on thr bw' i.~.qti no++ or I~rrea(tm ~:r~~~e on ta d~and ar.~! an e!~ ~~q~~t•+'~m snd pe~sona~Ey tnverid by thit .noriq-
~e. Wdh ~1{ K~teniiv~nf 1}~creOn pe t~ ~n (u!~, }~~c ~~'.S~.ra~.ir ~n ihe ui~iel ~I.~o;l.ud p0!KY ~O~m, in i Su~n ep~.~'..ct~ by ihe M(~RiGAGlE, er~d w~nJtitwm
inwrante in the u~wl ste,:J.,,d po: cy lur,n, in s s~..~r, ~~,pro.rd b1 the M.URSGAGfE, in •uch to~npa~~/ cr tompan~es sf fhe 1.:02TGAGEE m~y
dned: and e~l (iie ard w~ndawnn insvren<< po~.c.rs on any n) sa~! bu~ d~nc~s, any iMeraft ?here~n or E~+rt tArrrol, in the ag9~cse~c su{n ~fwesaW a
In excrsf ~hereol, ~hall ~pntain the usve! at.~~'.da~d ~~~o.}~,gae c,aw! or such othe~ c'iuie es the Mo~ryagee n~sy req~.rs, making th~ io» unJe? w~J poli-
tief, each and every, pava~Ee fo ia:d A•ORIGAGfE ati ,~s :n~cr~~t ~nay apprar, a~~d cacA and evcry wch ~~o!~cy s4~a1 be pro.rpily a~sg~ed a~d deliv~red ~o
~nY held by ss~d MORIGAGEE as fu~~hr~ sec~r~ty ro sa~d r~.ortyogr debt, end, not lets ~fN~1 tCQ (101 Sa~s in adrancr of thQ ~xpneuon of esch pohty, to da
. livet ~O.fe~d MORiGAGkE a ronrwat thereo~. ~oyc~he~ w~~h a rece~p~ tot tha p~rm~vm of auth ~enn+Val;'ar,d thr~e shel~ be no fue o~ w~~~daro~m iniurance
pl~ced on any oi ia~d bu~!d~~~gs. any intcres~ thrre.n w pe~~ rt,e+rof, un•c~s +n ~he form and w~th ~he be~ payatle as efcresa~d; and in the event any tium
• ol money bcco~ne~ poyable vnder s~cfi pvlity ot pa~ue~ s~~d MORiGAGEE sh.~ll have rlw opt~on to rete~ve .~~~d app!y the u~ne o~ acco,r~~t ol tk~ i~~debted-
ness setured hereby or to pe~mA sa,d t~URiGAGORS ~a recrive ard use it o~ any part ~Le~rof fcr c•i~~ r ~.u~. cs~•s. ,.:~f,oo~ ;h:.. u, .vo~.. ~~np.~r
irg a~y equfty, I~en or ~~gl,t under or oy virtvc oi ~h~s mG-!ga9e; and in the even? sa~d MORTGAGORS shafl tor any reaso~ f+il to kcep the said prem~sef so
' insurcd, a iai{ fo del~ve? prompNy any of sa~d {:o~~c~rs of ~nsurance to ta~d MORiGAGEE, o? fa~l promprly +o nay ~~%~y a~y ~~~e.,~,~^~ therefor or in a~y
respect tait ro pe~fo~m, d~ich,rye, e~ecute, e~fru. ca~~p~e~c, cae.pty w~~h end ab~de by ~h~s covenent, or any p.+n hureof, sa~d MGRTGAGEE mey p~ece s~d
pay fw auth inwrence or any parl ?hr~eof wahovt aro~v~ng w effr~ting any op?+on, lien, equ~ty, or r~ght unJcr or by v~rtue of this Mo~tga9e, and tht
full amount of tach and e.ery such payment shaN be ~m~nedia?e1y d~o ar.d payable and shail bea~ inter~:st (~om the d:te thcrrof unt~{ paid at the rate o~
nine pr~ crnturn per annum anJ to~~•thrr v~~Th svch in~rr.•se sh.~i~ bC srwred by the I~en of this R~ortgaye.
A. io pe~mi~, commit o~ eufFr~ ~o wa~~e, impai~mero w dcteno?ation o( ~rid property q sny paA lhereof.
S. To pay all and s~~gu~ar the costs, charge~ and eapenses, ~nctud~~g a reasonabte atiomeyb (ee and coirs of ebe~~ect~ o( tiNe, incurred or paid at
•ny time by aa~d A10RiGAG:E. because or ~n ehe eve+v of ~he fa~Sure on ~he pan of the said MORTGAGOR ro duly, prompNy aod ~u~~y pe~tqm, d~scharge
execute, ef(ect, canplere, comply w~eh and ab:Je by each and e~ery the stipulauons, agreements, condi~~ons, and covenants oi sa~d prom~sw~y no~e and ~h~~
mortgagt any o~ e~~her, and sa~d coats, charges and e.pcnses, each and every, shall be immedrotely d.re arx! psyab!e; whether or not there be no?~ce d~
mand, attea~pt to caliect or suir pend•ng; and rhr futl amoun~ of each and eVery such paymem sfiall bear interes~ from the date thereof until paid a1 ~he
eate oE mne per centurn pe~ ~~~,w:n; and all said cos:s, ci~arg.~i a•~d exoensea +ncwred or pa~d, ~ogr~her w~th s~ch interest, shalt be eecured by the t~en ol 4fi~ti
rnat9+9e-
S. Th~1 (s) in the evenl oF any brcach o( this Mo~tgage or default on ~he parf of the MORTGAGOR, or ;b) in the event any oi sald aums ef mo.~ey
herein referred ro be no? p~omp~iy and fu:ly paid vlof.~n ih~rty ~30) deys ncat ateer the same aevera:ly oecome due and payeble, without demand or nmite.
or (c) in the e~ent each and every Ihe stipv:apo~~s, a9~remc~ds. cond~t~o~ s a~d covenants of sa d pro~~~~ssory note and th,s rew~tgage any or e~ther are not
~u~y, p~ompdY and i~Ily p~rformed, dscharged, exttuted, etfected, tompleted, tomNi~ed w~th and aG~ded `~y, tt~en in e~ther w any such event the ta~d ag
greqate sum mem~oneti in sa~d p~omiisory note thrn ~e~naining unpaid, with inr~rest accrued, and a~l moneys secured hcreby, sha~I become due and pay-
~b1e forthwith, or thereaficr, at rhe option oi so~d h1UR1GAGEE, as fu~~y a~d cemple+eSy aa i1 at! of thc said s~ms Of money were w~g~~atly supuiatcd
ro be pa:d on wch day, a~ything in sa d pro:n:ssory no~e or in this Mortgage to the connary notwithstanding; anJ thereupon or thereaEter at the op+~on of
said MORTGAGEE, w~rhout no}~ce or demar:d. sua et law or in eyurty, ihe~eFore or tl~ereel~r~ begun, may be prosecuted as all mw~ey secwed he.eby
had matured pna tc aa insutu~~on.
T. Tha~ in the evem rhat ar the beginning o} or at any nme pending any suit upo~ this ARo•fgage, o~ to /oredose it, or to re(orm if, or to enfor~e
payment of any claims he~eunder, said 11lQRSGAGfE ahall appty ro the Co~rt having ~~:~sd.c~:on thereof for 1he apyx~~nt~nem of • Receiver, such Covrt shs~l
fwthwith appoint a rece~ver o( sa~d mortgaged p~operty ail and ainyular, indud ng ;.It a~~d s~ng;.~ar the ~r.come, p+~fits, issurs ~nd revenoes (rom whatever
tource derived, each and every oS wh:ch, be~rx~ eap~essly unde~srooci. ~s he.eby mo«gaged as i1 spec.f~~atty set'farh and descnbed in the gront~ng a~d
habendum davses heieof, and such Receive~ sha~t heve all the b.oad aRd riEec!~ve tunc~.ons nnd powen ~n anyw~se entruated by a Coun to a Rece+ver, and
such appoiMment shali be made b/ such Co~rt as an edmi!trd equity and a matter of absot~te right to sa;d MORTGAGEE, and withaut re~ereote to the
sdequaty or inadeq~acy o1 ?hr value of the prope*ty moftgoged o~ to +hr so•vency or ~riwvenc~ ol sa~d MORiGAGOR or tfie de{endams, and that ~uch
~enes, p~of~ts, income, isaves a~d rever.~es shall be appued by such Recri+er accr~rJ.e,g'ta the tien ot equ~ty ot said MORTGAGEE and the practite o( s~ch
Court. -
8. To duty, p.omptlY and fully perform, discharge, exccure, effect, com.plrfe, comply w~ih and ab~de by each and eve^y the stipulations, agreernents,
conditions a~ covenants sa~d promis~ory note and :hs n~ortgage set fo~~h.
9. That in ?he event rhe ownersh~p ofyhe ~r,prty^ag~d prem~scs. o. any part thcreof, becomes vested in a perwn other lhan ihe MORTGAGOR, the
MORTGAGEE, its svccesaors ar.d ass~gns, may, w;~hcv~ no~~ce to the MORTGAOR, dral wi~h such wcceasw or successor in interest with refere~ce to ihia
mo~~gage and the d~ht fiereby accu~ed in the sa~ne manncr ai w~rh ~dorryago. v~nth3ot in any way vit;aling or d~xhargir:g ihe NlOrtgagOrs' lie6ility hete-
undet o* upon the debt hereb~ sec~red No sa'e oi thr F'c rdsea k.reb~ mertgayed and no fo-be.~rance on the pert oi the /AORiGAGEE w its succe»on
w ass~g~s +nd ~o extens:on of she r~me for rhe paymene u< the drbt h~.et,y sec~red g~ven by the /'AORTGAGEE o~ iu s~ccessws or a~igna, .~~atl ope~ate
ro re~ease, d.xharge, mod~fy c~ange o~ atfect the orig.nri S1ao.:~~y of rhe MORiGAGOR herein, eithe~ in whole o~ in psn.
10. It is specificaiiy ag~eed ~h~t time u oi ~he essence of th~s contract and that no waiver of any ob~i9anon t~ereu~der or of the oblig~ion sr
cu~ed hereby shall at any time rhereafter be hc:d so bc a wa~ver of the te~ms hereof w o1 the instrvment secured herby.
11. In aJd.t~o~ ro the forego e,or~th'y paymenra of i~.inc pa! and i+~te~est req~ired by the ~rom:ssary no'e sccured herebl, mortga~or tovenants
and agrees to pay ro mo-tgagce nith eath ~,.cnrh!y p..~:~ero en add,~~vnaf wm est+mated by mo~tgagee Io be equa~ to 1, 12 of ~he annual cost of tAe foliow-
ing: '
A-A?~ r~a' p~operty taxts Icii~a or as:~~;:~•J ag+~~,st th~ auove d^scrib~d real es!are.
6--Prem~u~ni O~ fire ar~ ,rv.ndsto-~^ ~nsura~ ce os ~:rre~n r~Qv.red to be carri~o e:: th•~ ~mprovemeits s<t~~ate on tha above d~~c•+Md ¢tem6ses. -
C-Prerr;~un•s on s..~h m~.!;-g~ g;:ara,.:r ~:sv:e~.ce as morfgagee sha11 fre~= rme ro t~~r.e deem fir to carry on the loan secured f~ereby.
Mortgagee s~+a11 frcn, t,me to tl-.:e ncr~i~ mo~tr,~gor ~n wr~ting of the a~~o~nt d~e and payab:e he?eunde~ and such sum ahal( thereupon be due and
payable on the d~e date of the next mo~~th:l pa/ment and each successive ~++onth thcreafrer ucti! mwtgagee sha11 nor;ty mortgagot ot a change in sucfi
amouM. $uch sum: s^a:! 'ce ap{~'~rd 'oy mcrrg.i~ee tcr.arJ :he nayme~t of real propert~ taxes, inwrarce prem:ums, a~~d mortgage g~aranty insurance
premiums.
IN Y11IP~E55 `l:HEQEOf, the sa~d 7PORTGkGOR has hereunto set h~s ha~~d and scal the day and ~year first aforew~d. ,
Sgned, Sealed and ~e~ivered in the p~esencc of: -
K ~ t ~ ~a.~ l'~~ ~ p~ ~ ' ~Sl~~) .
, ~~I ~-,~~~e,~~~ anea H. Blantor ~~,t~
~ - (Sean
- Bet Blanton ~~,q
STATE OF iLORIDA ~ ' • • .
S5.
COUNTY Of _S.L.. I-~1Cie I : '
Blanton
Be(ore me personally appeared _____J~eS H. and
Betty Blanton his wi{a ~o me well knoierA and known to rnF fp be
the indrvidusls descr~bed i~ and who execu~ed ri+e foregoing instrument, and acknowfedged be(ore me that they executed=the tame fot the purQow
therein expres~ed. And the sald_~_ B@L L]I Blanton -
wile of tFr_ sa~d ~ J~QS H. Blanton ~ipon~~ separate snd ptivate
e~amination by me faken separate and apart from her said husband, ackno•xledged to and befo~e me that she executed said initj~~nopt freely and vOlvm
rarily ar.d w~thout any comp~lsdon, constraiM, apprehaen~s~on, or fear oi or fiom her said husband.
WiTNESS my hand and oifidal seal th;s. _:J~l~'~ _ day o? A ~ . 1$ •97
A~: p~;.
~
~%r - ~ C ~ l~'j-,~ik ~ tf --~.1
Nor y Pub~~c in and for the St~a
e of Florida at larye
My Commissio~ expires:
Return To: Q " - ~ ~
First Federal Savings b Loan Assoc+a!:on
of FU~r P,.,«<_. flLEO ANO REc
Fon a:..t«. ~i~,:d~ ST.lUC1E CdUN1Y F~A.
RaCER PQ~TqAS
F F,; u t[ C G'_ a-~
~'EK FiEU
-
This lnstrument Prepared By Carol B. Butns !
First Federal Savings 8 Loan Association • ~ ? t~ P~ ~7~ '
of Fort Pierce ~ R los i da
Checked By
BQ~ 2~ PA6f 59~ -
_