HomeMy WebLinkAbout0426 To pt~c~ ~nd cominvously ?~~p on ihe bw'dingti nuw or he»~h~r ~~eu~t~ on ~~+d I~r~ ~nd on ~fl eq~ipmenl •nd p~nonauy cov~r~d by thi~ mar~
p~. wilA ~1) p~tmi~m~ ~hereon pe.d ~n i~~l, fne naur~r.i• in eh~ v~wf wndard po'~cy lorm. in ~ wm •pproYed b~ ~FN MOR(GAGEE. •r~d w~ndf~orm
in~w~ec~ in ~M u~wl ~tsnd~rd po!.cy ~o~~n, in • ~vm ~p{HUV~d by ~M 1NGRTGAGEE. i~ ~uch co.np~ny or canpamet 1M MOkIGAGfE maY
di~Kh ~nd NI lir~ ~nd w;nJ~wrm ~r»o•~nca po:~ti~• on ~ny ol sa~d b~~~d~~+qf. ~ny iro~re~l 1he~an or part ths+eot. fe tM ~qp~t~~t~ •um ~fa~uid a
In ~:ttsf ~hereof, ~haU contaio ~ha uw~~ +~~ndo~d maega9ee dwae or +och aFx~ c~ws~ u~M Ma~p+yN m~y ~e~wr~. m~f.~np tM laif unda u~d pdE
ci~~. ~~cA and ev~ry. piveb'e to •~~d MJRIGAGEE af ~rs ~n~e~es~ m~y ~ppe~r, ~nd e~ch ~nd we.y fucA po~~cy ~halt b~ p~eenpNy ~a p~sd •~d delnered ~o
sny Mk! by sa~d MORIGAGEf at fur~Mr tecwity ~o f~id mo~+yag~ deb~. a~d. ~a b~> >Mn esn l10! dsy~ in •d+anc~ of the e~p~r~t~on ol •~ch po6ty. to d~-
liva to ~+id MORIGAGEE • r~~xwe~ iheeeof. ~oqe~lwr w~~h • rece~p~ ~w ~M W~m~vm ol such ~a~ews~; •~d ~her• aha11 b~ no f.~• or w~~dtto~m inWranc~
pl~c~d on ~ny ol t~~d build~ny~. ~ny 1nt~~~~t ~here~~ a ps~~ ~h~~soi, u~l~~~ in tM fam •nd'wiih ~M lo?s pay~bta u•Iaes~1J: ~~d in tht •~~nl any wm
ol mon~y betane7 pay~blt uncle~ scth pol~Cy w pol:citf u~d MQRIGAGEE ~hall h~v~ ~M opt,oo ro rKO~re ~~~d spply 1ha s~ma on aCtou»1 ot IM ind~btcd~
n~~f ~stured hs~e~y W~o pe~mit ~a~d MORTGAGORS ~o recnive •nd uf~ ii w•ny pa~t thrrroi for orh~~r H~~~,osrs. v.~~+~s::t ~h~nu~ wa~.~~3 0~ ~~~~D~~"
«q ~ny equ:ty, Geo or ~igh~ unde. a by vinue of ~hi~ mor!9.9e: ~nd in ~M sveN ~d MORTGAGORS t~ell tw •ny r~~~on (~il to keeP the s~~d Wtmiuf so
in~ured, or f~il to deGrer p~omptly •nY of se~d pol~uas ol 1n~ur~nc~ fo w~d MORiGAGEE, a fa~l promptly 1o p~y lully any pre~n~~m Ih~ralw w in ~~Y
respec? fail to palam, d~~thug~, eaetu~s, e(~et/, canpiQte, canply wiih •nd ~b~ by th~f covensnt, a•ny p~rl h.rsol, ~a~d MCURTGAGEE m~y piue an0
paY la ~uch inw~~e~ct o~ any part ?haeof wahout n~iv~r~q or •ifecliny any ophe~, litn. ~qu~ty, o~ ~~9ht under or by v~r~w ol thii Matpaq~. ~nd tht
iull anwunt o( ~~ch a~+d e•~~y s~ch paymeM sh•II bs ~~*~ed~naiy d~e ~od p+yabl~ a~d ~hall be~. intere~~ f.om tM dah ~he.eoi un~il p~id at ~M ru~ ol
n~n~ per ce~~~~+ pe~ a~~nu,n e~d to~rsl.er w~~h ~uch ~~~e~es1 ~ha~~ be aec~~ed by ~he t~en oS ~h~i ma~~p~.
' 1. To p~rmi~, commit or suifer no waft~. impairmenl a detet~ots~ion o( u~d prope~ty a any p~n therso(.
S. To pay ~It ~nd sinpular ~M co~ts, cherges and expenses, ~nclud~np • reasonable mo~neY's 1ee end co~ti of ab~a~ctt ot ~~d~, iocv*red or pa~d at
~ny Kene by sa~d MQRIGAGEE, beta~u w in ~he ~ve.+t of fhe fa~~ura on ~he Pa~~ of ~F+e ~aid MORiGAGOR 1o duly, promprly and fully ps~iam, d~xh~rg~.
e¦ecu~e. ei(act, complct~. canply w~th a~d ~b,ds i each and eYery the s~ipuf~~~ons. +yreemcros. cond>>ions. and tovsnants o~ s~~d p~om~~sory note and ih~~
mo~tyays •ny or e~~her, ar~d ~~~d to~ts. cha~qe~ ~~d e~epenses, each and wery, shall b~ immed~~~ety dw end paY~bEt: wheths~ a nof the~e bs nonce d~
m~nd. aflempt fo colt~cf a~vi~ pend~rg; and rhe futl ~mounf of e~ch ~nd wery s„ch paymen~ shell b~~• in~arei~ lrom th~ dsf~ tlrreof umil pa~d ai ~?u
~.,re o{ n;~e per cen~~m per an~iu:n; er,d all se~d tos~s, ci~e~ge~ a~~d ciplMH ~ncurred a p~~d, toge~her w~?h such inte~e». ~ha~l be secured bY tha I~en o( trta
mbrty~q~.
6. Tfia~ t~) ~n ~he event of any b~exh oi th7s Mortgege or defautt on the pa~t o( ~he MORTGAGOR, w(b) in ~M we~t ~ny of ~atd wms of rrwney
here:n nfe~r~d ~o be nof pro,npeJy and iully pa~d wuh~n rh,.~y l30) d•~s ne¦~ a'tre~ ~he sanu se~era:ly become due aod p~ysbie, w.t?w~t dem~r+d o* notice.
or (c) in the evem esch and every ~F.e f~ipv+st~o~s, ag~eements, co~d~uons and coYenants o1 sa d p+omnso.y note and th;s mor~ysge ~~y w ei~her •re oot
ivly, prornPdy a~d t~t~y perfotmed. d:xharg._d, taec~ted. ~(tec~ed. canpiefed, compi;ed w~+h md ab~ded Sy, than in enhe* or any ~uch evem tM ia~d ag~
gregste sum menra~:ed in faid promistiwy note then rema~~~ing unpad, w~th int~rest accr~ed, and a~l monr/s tecured he~eby, fhall betome dw ~nd pay-
eeie Ia+hw~th, o~ fheieafler, a~ tfie opnon of se~d r~OR1GAGEF. a~ tuUv and ca*wle~el~ .a :1 .u •-.a t• ^'c-c. '..t. ..-~y:.~.::~ .~~r~:.~n+
_:.c ~...:u w: s...i. uay, eny~:.~~ m si.e Fror^::sory naie w in ~h~s Mw~gage to ~he con~•ary notxi~hstand~ny: and ~hereupon o~ the~ea~te~ et the opao~ of
sn~d MORTGAGEE, wnhout not~ce or drmand, su~l ~t !sw w in cqu~tv. ~~~efwe o~ thereaf~er begun, msy be p?ofecuted ~s if ~tt money~ setured hs~eby
n,d matwcd pnw to as instnvnon.
7. That in the eyent that •t ~he beginn:ng of or a1 eny t~me pcrx~l~ng any suit upan ~hia Mcrtgage, or ta foredose it, ot to refam it, w to enfo.cs
paymenl 0/ any clsima he~evnder, sa7d MORIGAGCE sh~!! epply to ~he Co~n hav~ng ~~r~sd.c~.on the,eot ior the •ppomtment o( • Receiver, tuch Covrt shall
forthwith ~ppoint i rece~vu of said mutgaged p+Operty a41 and tiingula., i~x:~d ny aV? end a~nq~t~. ~he intome, p~ohts, issues ~nd reve~ues i~om whateve~
source derived, e~th and every of whah, ie beinq e:preffly undersrood, n hereby morigaged as if spcc~l.csily set iw~h and dewibed in th! 9~~nting And
I.ebcndum cbvus hereof, and suth Receiver sfaii have •11 the t~wd a.w! effecr~ve tuov•ons and powe~s anyw~se em~usr~d by • Cou~1 to e Receiver, and
z~ch appointment ~hal1 6e made by such Co~rt s~ •n admitted cquity and s matre~ of absotute nyht to ta~d MORiGAGEE, s~d wi:houl te(erence to ~fie
sdequxy o? inadeqwcy oi the wlue oi the property mor+gaged or to rhe so,venc~ or inso~venty o! said MORfGAGOR a the de(erdams, a~d ~hat such
renrs. prol+ts, income, issues and revrnves ahaif be appi:ed b.~ ~uch Recr~ver sc:ord:ng ~o the f~en a eqvity of sa~d MORiGAGEE and the p.actice of such
Court.
8. To duty, promptty and /utly perFwm, d~scharge. execute, eficc+. complere, compty w~rh and abide by each and every the ~tipulatio~s, agrermentf,
conditions and covrnant~ ~n sasd prom~sswy ncte and th>> mvrtgage se~ forth.
9. Th~t in the event the ownershi{~ of tF.c moregaged p~em~ses, w+ny psrt ttx~eof, becomes vested in ~ pe~son othe? th~n the MOR7GAGOR, 1M
M.!~RTGAGEE, its successors and ass~gns, may, wirhour nc!~ce to the MORTGAOR, deal «ith svch successa w successor in imereft w~th reterer~ce to this
rco~tga9e and th~ deot fiereby actured in the same menr+er ae with Mortgagor without in any way vitiatiny p d:stharying 1F~e Mortgagori IiabiGty he~e-
;,nder or upon tne deb~ hereb~ secu~ed. No safa of the F~e~. nes hereby mo.?gaged and no (orbearsnce on th~ ¢a~t of the ~dORtGAGEE or its successws
o~ essg~s and no eatension ol the t~me (w the psyment of rhe deb~ hereby sec~red given by tix MORTGAGEE o+ its suctetsws or ~as~flns, ~hall operat~
+o rNe~se, d~scharqe, modify thange p af(ett tne o~ig~rut liab.iay o4 the lWORiGAGOR kerein, ~ithet in whole ot in p~tL
10. it ii speufically agreed that time ~s oi the esu~ce uf ~h~s cont~att and fhat no w~iver of any o6tisatipn her~under or of tM oblip~twn sr
c~r~ hNeby fhsli at any lime ~hereafter be held 1o be ~ weirer o1 the tams hcreoi w of the instrumeM secured herby.
1 L In add no~ to the ~weg0 ng mo~thly ~iyR.c~rs of p.ir.c pal end ~roe.es~ req~~red tr~ the prom~ssory no~e secured he~eby, mo~tgagor covsnanta
e•~d egrces to per to mo•Tgay=c ..~rh each mJ~`~h'y Ha;~ ~em an adu.rlona! wm ev~~.a~ed bt mwtgegee to 6e equa+ to 1, 12 oi t~,e annval cosi of the follow-
~ ,~,g.
~ A--Aii rEal properr~ tax~s iened or euesse~i egi~~~st fhc auo~e descr~5cd «al es!ate. ~
6-Pre~•:~;,,r.s on (+re and vr~r.dstorm ~nur.a*ce rs ~»~e~n r~u.r~ ta t~ carried en ~hr :~*+proveme~rs s~tuare o~ ~he above descnlxd prem~sp. s
` C-P.emwr.~s on such mort~~ge g~a~ar.ty ~n~~.e~.ce as ~*~w?gagee sha.l from t me to t.me de~n+ f~e ~e c~~.Y on !!~r 4osn st.:::F3 F.ar~ty_
I
M••••3eg~ s•- •:,.~e ~*w+~gagcr m vrnhng o~ fhe aTOUnt d~e ard payable hereundrr and wch sum shall thereupon be due and
; a~able o~ thr d~eyoa+e cf ihe ne~t month`.y payment and each suctessive mor:th rhereaf!er ur.ril mortgagee sha~l notify mo*tqagor of a thange in such
a- ovnr. S~ch sums shiil Ge a;,pi~ed by mortgagee toward the payment of teat prvperty te¦es, insurance ptem.ums, and mwtgage guaranty insurance _
v•em~um3.
IN Y:lT>f:fSS ::!4:R:Of, the sa:d N~GkTGAt.~Jk has hereumo se! h;s har.d and sca~ the day snd year fir afweseid.
~ , :6iyned, Sealed . d 'v d in ?he ~e~e~ce of: ~ ~ ~
k .
; . ' S~~ t.1il! Fs£G:~ ~Jf i: ! l~'%Z~r/1 ~i' i ~I)
f ~ 3T~~YL1~ C9Wfi!' F:S • ,
~ - fs~{i~ I+WTR~S -
~l.E~ tZ~ty1T COU't +q
~ - RfC4RC fEAlFiEO~~..~J.~i~ ~ se.q
~ s,aTE oF i'ar.y~~xr~. 9 2.1 ~~77 ~~s
~ ~QUlJiY OF A'-'-'-lr A?~t!~~e 1 ~
~ ~ra~ ~ aR~a«a _ Leland G. Mc Collough ~ ,~a
~ _ ~NQYIO"s1 .Y. 1KCCOZZOLiQY1 fi~s w~fa to ~ w~n k~+ +nd known to me to bs
I :he individwls deuribed in and who executed rhe fwe9oiny instrument, ~nd ack+awledged befwe me that they exetuted the same for the purpose~
f rherein exp~essed. And the said _ NQrnk~ J. ~COllOllgh
I «~fe of th~ ~a~d ~1~1d G. MeCollough upon s sep~rate a~d p?iv~t~
i e+aTiMTiOfI by r»e tsken separate and spart f~om her said hvatand, atk~+owtedged to and befwe me thst she exetuted ssid instrument freely and voluo- _
; ~a-,1y a.d w~thout ~ny compuls~en, consrraint, app.e.hens:on, w fea? of w f~om hu said husband. ,'7
~ WliNESS my hand and offic;al ual th~s_____L±h dey o+_ March q. D. 19
' ~
Notary PubL in and for tl+e State}~ ~ p. t rpt ~
y CommASion txpires: ~ f+ l~ly • .
a~~~,~ ro: ~...1~ I, ~ q 7$ y
fint Feder~l Sav]rr~~ 3 loan Asiociat.on ~ ` '
O~ Fort P.erce. ~ ` ~ ~ r -
~ : ~ .c
Fort P~erce. F!o<<da 'n~
' ~ *i/ f+ t 1 . -
~ l ~ .
, . - ~ ;
,k . 1
This Instrument Prepared By J. Hal Roberts, •JY'.
First Federal Savings 8 Loan Association .
of Fort Pierce , Florida
CF~ecked By ~
~ 2fi5 fa,~~ 4~~ - -
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_ o . ~ . ~