HomeMy WebLinkAbout0977 To p~sce ~nd contlnuously teep o+? the bv~!t~ings now o? hrrceNer s~rwta on ia~d lind and un ato ery~~D~^eM +~,d pe~w'~~1~Y coracd by ~hi~ ma+g~
p~, with ~G p~emivms the~eon pe.d ln lull, fire int~rsnce ~n ~he ut~al s~a~d~~d pot~ty fo~m, in a t~m •Hproved b~ the MORIGAG[E, •~~d w~~di~a~m
inw~ance in tM uswl ~tanderd pot~cy fam, in a sum •pprovsd by ~1N MORTGAGEE, in fucA campany or canpinies a~ ~h~ AtiORTGAGEE m~y
dincl; ~nd all (ir~ a~d w:nd~wrm iniu.ance pol~ue• on any o1 i~~d buitd~ngi. ~ny intere~l Iherein or p~r1 ~hereoi, ~o the aflg~eya~e ium ~fae~aid a
In ~xceif Ihereol, shall comain Ihe usoal standard mo~~y~+ges ciause o~ suc~ other cla.,ss ~s ~M Mertya9rs may reqwn, m~kiny ~hs IoN u~ulsr f.~d
cies, each ~od every, p~yable to sa~d MORTGAGEE as ~~s intrre~~ ~++~y +ppe+~. •~d each and every wch poi~cy shall be p~ompHy asa ynrd and dNivered ro t
•ny I+eld by uid MORlGAGEE a iwlher secwity to seid mortgsge debt. •nd, not !eu than 1eo (10) d~yt in adve~xe of 1he eapirat~on of uch poGCy, ro dr
(iv~r to tsid MORTGAGEE a renewal Ihereof, tope~he~ with • rete~pt fa Ihe p~amwm o1 such renewal; and ~hr~a sbell t» no I~~e o~ winds~orm in~urance
pl~crd on any ol aaid b~,~ld~~+~s, any ierere~t there~n w par~ Ihereoi, uote~s in ~he iorm a~id wi~h ~ht loas pay+bte a~ afae~aid; and in tht svent any su~+
of mon~y becanes payable under tuch policy w po6cief sad MORTGAGEE ahall havs the op~~o~ to ~ccc~ve and ~ppty the sarn~ an +ao~n~ o( ~he ~~debted•
nets secured hereby a ro permit said I~ORTGAGORS to receive end oie i1 w eny par~ ~hrrcol fo~ o:~+.r purr.osrf, v.:~hou1 +h~.~ui wa~.~ng or ~n~pau•
iny any equ;?y, lien w right under w by virtus ol this mo:tgage; •nd i~ ths ~vent ss~d MORTGAGORS shall fw ~ny reason fail to kcep ~he ~~~d Frem~sai w ~
insured, or lail to d~liver prwnp~ly any ot^~id pol:ciea of insurance Io tia~d MORTGAGfE, w fa~l promprly ?o pay fuily any p~em~um the~elor a in a~y ~
rospect (ail to pe~form, d~scharge, execute, e~~eU, compk~e, co:npty w~th and ~abide by ~hls covenant, o~ any par~ hereof, sa~d MORTGAGEE may pi~ce a~d '`y
pay fw tuth iryurante or any parl therMf w~thoul waiving or affecliny aoy opUOn, lien, equ~ty, w righ~ under w by virtve o~ lhis Mortga9e, and Iht '
full amount of each and every wch paymero shalt be immedrstaly dus and psyable a~d shall bea~ interes~ irom ~ha da~e ~hereof until paid ~1 tM ute ol
nine per tnnlum pM annu~n end Io~rthrr w~th such intr~ce~ sha~1 be s~~c~red by ihe lie~ oi ~h~s mwtgsfla
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~1. To permit, commit or suffer no waste, impairmenl w deter~oration of •a~d prope?ty or ~~y paA 1Mreof- ~
5. To psy all and singuli~ the costs, chargei and eYpe~ses, includin9 a reasonabfe attw„ey's (ee end costs o1 sbs~~stts o~ title, incurred or paid at ~ ~
any time by said MORiGAG:E, becavse or in the evenr of ~he failure a? the put of 1he said MORTGAGOR to duly, procnptly and fv~~y perlam, d~uhargt.
executs, el(cct, complete, comply w~th and eb:de by each and every ~he stiputa~~w+s, agreement~, cond~~~on~, and covenants ot sa~d prwnissory note and th;f
mortgaye any or et~her, and aa,d coats, cAarge~ and expenses, eath arrd every, ~haN be imm.rd~ately due snd pay~ble; whetber w not there bs r+o~~ce dr
mand, attempt to collKt w suit pend~ng; and the full a~nount of each and every such payment shall bea~ imerest from the dale thereof until paid d ~he
rate o~ nine }xr centcm per an~~u:n; and all sacd costs, charges and ex~xnses incurred or paid, together wah tuch interest, shall be utured by the tieo of this
mortg~pe.
6. That (a) in the event of sny breach of this AAwtgage or defau~t o~ the part o( the MORTGAGOR, or (b) ~n 1he event ~ny of uId ~wns of mo~+ey
herein referred to be ~ot p~ompfly and fully paid with~n Ih,rly (301 days nexl after the same tevera:ty become due and payabls, withoul dtmand w rwtite,
or (t) in tna evero each snd every the snpulations. ag.eements, cond;fions and covenrnes of sa,d promissory no~e and tb~s morlgage any a e~lher are nol
iuty, promptly and fulty perfwmed, d,scharged, exec~ted, effected, compteted, compGed wi~h and ab~ded 5y, then in e~~her or any such ev~M ?he sa+d aQ~
pregate wm mentioned in said promissay note then rema~ning unpaid, with inrerest accrucd, and al{ mo~eys xcured I~ereby, sh~~l become dve +~d pay-
able (o~thwith, or therealter, at the opt~on o1 said MORiGAGEE, as fully and co~r.ple~ely aa ii a~l of the said wms of mooey were orlginafly supulatcd
to be paid on such day, anyihing in sa:d prom~sswy note w in this Mwtgage to the co~?rary notwithstand~ng; arx! ~hereupon or thcreaiter at the op~~on of
said MORTGAGEE, without not~ce o~ dernand, suit at law w in equ~ty, 1Ke~efor! w thereafter begun, rt~ay be prosecuted as if all ma?eys setured hereby
had rtNtured pnw 10 ~~s inatituhon. ~
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7. Thst in the evenl ~hat at ~he beginn~ng of w at any t~me pend~ng any su~t vpoe~ this Mortgage. ~x to foreclose if, w to refam if, or to enforc~ ;
paymenf of sny claims hereunder, sa~d ?dORiGAGEE sha71 apply to ihe Court having jurisd~aion the~eof fw the appointmem of s Rece~ver, such Court shail r
FortF.with sppoint a rrceiver of said mo~tgaged propeny all and singula~, includ:ng aU and sing~l~r Ihe income, p?olds, issues and revenuef from whatever =
source de~ived, each a~d every of wh;ch, it be+ng express~y unders~ood, is hereby mo«gaged as i1 speuiically xt iw~h and desaibed in the yranting and ?
habend~m clause~ he~eof, and such Receiver shatl have afl the b~oad and effective funct~ons and powers in ~nywise entrusrcd by a Court to ~ Receiver, a~d
such appoin?ment shall be made by such Ccurt as an ad:nitted equ~ty arr! a matter of abso~ute rigM to said MORTGAGEf, and wif?aut roference ~o the
adequacy or inadequacy ol the vatue of the propeny mo.tgaged or to the socvency or ~nsolvency of uid MORTGAGOR p the defendants, and that such
ren~s, prolits, income, issues and revenues shafl be apptird by s~ch Receiver accorduig to ~he lien or equity of w~d MORiGAGEE and the pract~ce of such
Court.
8. To du!y, promptly and fu:Iy pe.form, d~scharge. execute, effea, comp~e+e, comply w~~h and abick by each and every the stipulations, sgreements,
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condilwns and covenants sa~d promiuo~y note and th~s mortgage set twth. ;
9. That in tiu event the arvnership ot Ihe mortgaged premises, w any part fhereoF, bctomea vested in a person otFKr tAsn the MORTGAGOR, the
MORTGAGEE, its successors and sssigns, may, w~~hout no~rce to the MORTGAOR, dcal with such successw w successw io iMercst with refere~ce to this
mortgayr and the debt here~y setured in the same manner as with Mortgago~ without in any way vitiating or d~sths~ging the Mortgagors liability hert ?
under or upon the debt hereby secured. No sate of the F~emises hereby mortgaged and no forbearance oe the pan of the MORIGAGEE w its successws f
or assigns ertd no e:rension oF the time for the paymenf of thr deb~ hereby secured given by the MORiGAGEE or its sutceaaw~ or assigns, shall operate
to release, d~scharge, mod~fy change or affect the orig~nal liau~l~ty of the MORTGAGOR herein, either in whole w in part. ;
10. It is speufically agreed that time is of the cssence of this tontrad +nd that no waiver of any ob~~gation herevndt~ a of 1he oblgation sa
cured hereby ahell at any time thereafter be hcld to be a waive~ of ~he terms hereof w of the instrument sec~red herby_
i l. In add,fio~ ro the Forego"ng monrhly payments of princ pal and ~~reresr required by the pr~m~ssory nore secvred hereby, mwtgagor covenants
and agrees to pay to mortgagee v~~th each month!y pa~r:ent an add~i~onal sum est,mated by mortgagee to bs rqual to 1;' 12 of ~F.e annua! tost of tl?e foUow-
ing:
A-Alf real prope~ry taxes le~r~ed or asscssed aga,r,st thc above desc~ibed real estate. ~
B-Premiums on fire and windsrorm :ns~~arce as here~n requ~red to be carr~ed cn the ~mproveme~ts situate on ~he above described premises.
C-Premiu~~s on such mort~age gvaranry ~r.sura~,ce as mo*tyagee shall from t;me to time deem fit to carry on the toan secured Fiereby.
Mortgagee shail from rime to r;+ne nonfy mortgage• ~n v.~fnng oi the amou~t due a~+d payablr hereundrr and such sum shall the~eupcn be due and
payabte on the due ciafe of the next month:y payment and each successive month thereaft~r vntil mortgsgee shall not;fy mortgagor of a change i~ such
amount. Such s~.ms sha~l be app~~ed by mortgagee ~oward the payment of real property tazes, insura:ue prem:ums, and mortgage guaranty insurance _
premiums_ ~
IN V~lTNFSS WHF(~EOF, the sa~ MORTGAGOR has hereunto set his hand and seal the day and ytar first foresaid.
Sigoed, Sealed and deliverrd in the presente of:
ftlEO ARG RECOROEO ~ } ,n
L• ST.IUCIE GOUNTY flA., JQ I i• J!'~'.1 t:~~ a ~ IT:%1B : t
ROCER POItRAS
CLERK CIRCUIT COURT (5~,q
RECOR~1 VERIFIED (Sean
STATE OF fIORIDA ' ~rti~ 3 44 PM 3~~~~
, ~ ~
i COUNTY OF St . L]1GiP.
~ Before me personafly appeared T'= Il.^. • ~ t.~i 1. u 3 i I1 r 1 F 3"? U i t
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I ~~~~_I~is~tiwf~ to me welt known and know~ to me to be _
~ the individual described in and who executed the (uegoing instrument, ane! acknowledged befwe me that he executed the same fw 1F~e purposes
~
~ rherein expressed. An~N~said_______ _ _ _
wifroF Nx ~sid- -aportYSlp~~a1! lrld pAV~tr
~+c~rrwtiow L~.~s.tak,~*~s~pr»n? ~-a'e~1 drw~? i~e? ~eid-F+rsi~~wdr +e1w»aied~ ~o-a~ be~ore-tne-~I+er~e-etasledisi~iwswwrwn~ ~ree1~ i~d~sferr~
~ utily.a~+dur:ihwt+oy~~P+rsior.~~rrtr~i~t~+PM~iwrr~~~!~~+r~i~faw~~i+wi~i~r~twrs~awi.
C WITNE55 my F~snd and offic7al seal this__ day of T- A. 19~_ •
s
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4
~ Notary Public in a w State of Flwida ~t large
1,., My Commissan ex es:
Retum To: ~ ii`(3? t~0i1F!'~S ~ tJ:'•
Firtf Feder~l Savings 3 Loan Associat~on ~~ry Pv~Cc, Stote ef F(orida o} -
Of fort P;erce. M1' r°^~^j%s~+e++ ExpirPS Julr 2y, 1977 '~~1
Fort Pierce. Florida ~a°d ~y ~'~:~~W' C>:c.: ~ to
..~t~~~Il~1Jlj~~~
~.+.fr:.-
This Instrument Prepared By J. Hal Roberts ~ Jr. ' ~ _
First Federal Savings 8 Loan Association . ~ 1,_ • -
~ • ' -
'i of Fort Pierce , FloridA ~ : ' ~ _ - -
' ~ ~ 957 _ ~ ~
Checked By ~ -L~ ~00~ ~rVV ~ , ~
r ' ~
••,~h Q -
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~ .r 4 ~ ~'e ~
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.~'~:~.2-tt~5~."'a,.- ..-,~.r:.$ +>M, - _ ~ ' _ _
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