HomeMy WebLinkAbout0444 To pl~ce ~nd coroinuously k~ep on ~he b~~?J~n9~ now a heraaft~~ fitwt~ on ~~;d I~nd ~nd on ~11 rqw~nl ~nd pawnally tova~d by 1hi~ eao~1¢
p~, w~~h all p~em~u~n~ ~hereo~ pe J~n (ult, 6rr u~wunce ~n tM uwal sunda~d poi~ty lam, i~ • ium ~yp~oved by IM MORIGAGEE, •i~d wi~d~tam
insur~nt~ in th~ ut.+~! stsnde~d pot,cy lam. ~n • wm ~pprovtd by ~h~ MORTGAGEE, in futh tomQ~ny o~ canpani~f q th~ MORiGAGEE ~My
d+~~uj •nd •II lir• and w~~ul~rorm ~n~u~~nu poi~c~a~ on •ny of sa~d bu~id~rp~. ~ny in~ai~f~ ~Mr~m or wIl ~F1f!lOI, i~ ~M p~«pat~ wm ~fa~Nid or
in ~ace~~ IMreol. zhall contain IM uwal s~~~dard moregsqN cl~uw or ~ucl~ o~h~r dwu a~ tF» MatypN m~y ~~qvu~. m~?uq IM lo~~ wwJN ~~~d po~F
ci~s, ~acA •nd •ve~Y. WraLt~ to ~~~c1 1ti10RiGAGEE af ~t~ ~~tere~~ r,uy app~~r, ~nd eatA and •very tucA po~:cy ~h~ll b~ promptly us_p~~d ~nd d~tivered to
•ny hetd b~ ~~d MORIGAGEE fu.~Fur secu~i~y a~~~d ~not~p~p~ debt. •nd. no1 ttu ~Fwn ~~n1101 d~y in ~dwnc~ o( ~M ~~p~r~~~a? ol •~th poticy. lo da
IivN 1o u~d MORiGAGEE • ronewel the~eoi, toqe~h~r w~th •~ecs~pt la Ihe premivm o~ such rena+Vat; +nd thsre ~MII bt no fir~ o~ w~~d~~o~m inw~~oc~
pl~c~d on ~~y of ts~d bvild~~i, any i~teres~ there~n or p~~t Ihereof, unte~s in tM lorm and wi~h 1M ~os~ payab?~ as •fo~~+a~d; ~nd in tM ~vtnt ~~y w~+
ol money becanes p~y~b~e under such poticy a pol.c~e~ said MORSGAGEE ~~all Mv~ tl?~ op~~on to reteive snd ~pply tM sam~ on ~ccouM oi 1M fnd~bttd~
nsss sacuttd M«by a Io pe~m~t ss~d MORTGAGORS to rece~ve •nd up il d sn~ pe~t thereo~ lo~ otncr pur~•ates, w~~haul tha~co~ weivh~9 0~ ~~~p+~~-
iny a~y equ~ty, lie~ o~ riqht under or by vi~iw of thii naceq•q~: ~nd in 1M ~vem Nid AM1ORTGAGORS alull lu ~ny r~awn f~il to ke~p ~M s+~d pr~miu~ w
Infurrd, o~ la~l lo det~ver p.ompNy ~ny of smd po~=ue~ of iniur~nce ~o sa~d MORIGAGEE, w(ait prompNy fo pay fv11y any p~lm~um ther~for w in any
respect (ail to p~rrfwm, d~sch~r;~e, eaecvte, eHect, comptete, co~nply with a~d ~b~ by th~? tovenan:, o~ •ny part ha~wL t~id MGRTGAGEE m~y pIK~ •~d
paY ~w iuth infuraM• o. ~oy p.~~ +nereof w~~Rout w~ivirp o. ~ffacrinp any opt~on. lien. rqu~~y, a riph~ unde~ or by virfw of ~h~s Mafpa~~. ~nd ~he
full amo~m o} each ~~d ewry wch pay~oent ih~ll be immed~~tely dw ~nd payabls ~nd s~all bear intereft from IM dat~ ther~of until paid ~t tM r~t~ 01
nuK ptr cen~um par annum and togrthr~ vvi~h tuth imrrot? shalf !u~ tetured by Ihe lien ol Ihif nw~~q~ye.
4. To permi~, commit w suHer ~o wast~, imp~irment a deteriu~tion of Nid property w~ny p~~t Ihe~eof.
~ S. To pay all anJ singutar the costs, tMrpe~ ~nd sapense~. ~nclud~rq a re~sonable at~aney's fe~ u~d w~t~ of ~t»tr~cts ol titlt, incurred o~ paid at
any nme by sa~d MOR~GAGiE, beca~se a~n ~ha wem ot ~he Ja~lure on ~he va+t of ~h~ sa~d MORTGAGOR ~o duly, promptly ~nd fvtly p~?lam, d~uhary~
e.ecut~, eflec~. compte~e, canply w~~h and ~b.d+ by •~ch ~nd every ~F+~ stipu4~~ons. ~greemcn4. cond~tiuu. ~nd covenanls oi Hid p~omiswry not~ and thit
mo+rgage any or e~~her, •nd sa•d cosrs, charget and expenses, each •nd every, ~hall be immrdi~lely due snd pay~bie; whs~her a not tMr• b~ not~c~ d~
mend. atrompt ro co'tect o~ suit pend~ng; •nd the lult ~movnt of e~ch snd every svch paymeM sAall be~• in~ero~t from IM dar~ tnereol un~il p~id ~t eM
r.,~e o~ n~ne ~xr crn:~m ~:r~ e~~n~..+; o~~d sN se~d costt, charge~ ~nd eapenses ~ncurred w paid, togethe~ w~th wch imeryt, ~Mil b~ secur~d by tM lien of thu
mortyyt.
6. Tha~ in ~he e~ent of an~ kueath o} Ihis Mortgp~ or deiaulr on tM pa~t oi the MORTGAGOR, or (b) in ~he ~v~nt any of u~d awnt of moewy
iw~ ~~/~r..r1 te~ Ir .wN n.n.....~lv an~l {.•Ilv ..+wl w.~i.:.. ~L...t~ 1'I(li ~i~w ..r.~ wi~.I ~a...~. a.v?~wllu Mr~vsr ~1•r awil Mv+~ wiflvf~N ~unaeH~ M nntitw.
or (q in the event each ar+d eve~y ~he itiputanons, a9reements, cond~r~ons and coven~nts of sa:d promi~sory note and th~s rtwrtype any p either ~~e not
~uly, prpmptly and lv11y pe~formed, d.xharged, e+eec~ted. ~ffected. completed, compl~ed w~~h and •b~ded by, then in •ithe~ w any suth twet Ihe s~~d a¢
~reyate aum mentaoct! in aa~d prom~sswy oote Ihen rom~inir~ unpud, with ~nterest attrved. and all money~ tecured her~by. shall beCOm~ dw ~nd pay~
eb:e (or~hw~rh, or therra~rer, the opt:on ol sa~d MORiGAGEE, ss fulty arxl compte~ety as ii all of thr sa~d sums o1 money wer~ ppin~lly f~=put~ted
to be pa;d on such day, enylh~ny in aa d prom~ssory note or in this Mortgage tq the contra~y notw~~hstand~~~g: •nd theawpon w therea}te? a1 the opuon of
sa~d MORTGAGEE, w~thout ~or.ce o+ dem~nd, ~uit at law or in eqwty, the~e(oro a thereaher brgun, msy be prosetuted ~s if dt moneys iecur~d Fw~by
had rt1~Wr~ phOl f0 ds ~nslituhql. ~
7. Thsl in the evenr ?har at rhe begi~ning of w at any rime pending any ~uit upon rhis Mortgage, o~ to faetlos~ it, a fo reform if, o~ to ~nforp
payment of any d~ims he~eunder, said IdORTGAGEE shatl appty to ~he Caurt h~vir+y ju~~sd~aio~ thereof (or the +pparoment of ~ Receiver, such Court sh~ll
forrhwith ~ppo~nt a receiver of s~~d morlpaged p~opnrty alI ~nd singul~r, inc{ud.ng all and s~ngul~r ~M incon~~, proi~ti, if~ws u+d rwenuef irom whatev~r
sour~e de~ived, each end erery ot wh~ch, 1t br~ng expressty understood, if hereby mo~egeged at if spec~fically ut fath and deKribed in the 9rantirq ~od
habendum clauses hereoi, snd such Rece~ver ~hati h~ve all Ihe broad ~nd eff~crive tunct~ons and pov.~rs in anywise antrwttd by ~ Co~~t to • Receiver, •nd
s:,ch appo~mme~~+ shall be ",ade by such Co~rr as ~n ad~n~tted equ~ty •nd a rn~ncr of absolute r~ght to se~d MORTGAGEE, w+d w~thoW roference ro tM
edeq~ecy a insdequac~ of the value of the proprrty mo~egaged or to rhe ~o~vency or msolvency of sa~d MORTGAGOR p the defendants, and th~t tueh
rems, prolits, income, hsues a~d rever.ues sha+E be appl~ed by such Rece~+e~ acco~d~ng ~o the I~en or eq~~ty of said MORTGAGEE ~nd Ihe prattic~ of suth
Court.
8. To duty, promprly and iully ps.fo~m, discherge, e:ecure, effect, complete, comFly with ~nd abida by easF~ ~nd every th~ stipulations, ayrpmenri,
conda~ons and co~a~ants m aa~d prom~ssory nofe and thls mo~rgage ser forth.
9. That in tAe event the ow~ership of ~he m.ortyaged prem~ses, or any parl thereof, becomes vested in • person other tMn the MORTGAGOR, 1M
MORTGAGEE, its successws and ass~gns, may, wi~hov+ noiice to the MORTGAOR, deai wirh. such successw p t~ccessa in imeral with re(erence to thi~
rno.tg~ge and the drbt hereby sec~red in the iame ~:an~er as with Mortgagor withoot in arty way vih~tirq p d~stM~ging Ihe NbrtyagOq' liabifity htrt
under or opon the debt he+eUy tew~ed. No •a!e o~ she Frem~sea hereby mortpaged snd oo forbesra~te oo the part o~ ~M MORTGAGEE ot iti futc~isors
or s~s~gns and no ex~ensio~ of rhe t~me fo. rhe paymenf of the deb~ here6y setu~ed g~ven by the MORTGAGEE or its tucceuwa w au~yns, shall operaq
ro re~eese, d~scharge, modify cMn~e or effect 1he orp~na! liao;l~ty of fhe M.ORTGAGOR herein, ~ither Fn wAol~ w in part.
10. It is speu~ically ag.ecd that t~me is o( the essence of th~s con+ract ~nd that no w~iver oi any obl~aGoe hereunder a of th~ eblip~tioo se-
cured hereby sha'.i ai any time thereaftm be held to be ? w~~+er of 1he terms haeol w of the instrument secured herby.
1 t. I~ JCI(~ hG'l fo the Foaego ng mo~uhly paymemf of p~inc pal end inrerest requir~d by the prom:swry no~e secured 'nereby, mwtp~yor covtn+nh
,•~J eg~rrs ry pey ro.~o-tyegee w~fh eac~, mon~t,~y pa~r.~ent en a~ci~r~onai wm ea+~mared by morrgsgee to be eqvsl to 1/'12 of t}K annwi tost of the foilow- ,
~
A-A'i reat F:operry raY~ iev~ed w astics:rd against the above descr~y~ rcai esrate.
B- Vr.~.~:.:,~rs on f~re and w~ndsro~m ~nsurarce as here~n requ.red to be urr~ed on the ~mprovements sitwte on the ~bove descr~bed prem~ses.
C-Premi~~r.s On such mwtgaye gv~~aoty ~r.surar.ce as mo~~gagee aM11 from t me to tirM deem fif to urry o~ the loan ~etured FKreby.-
Mortqagee s^a i'~r,m t~me to nm.e no!•+y m.crrgagor m wnh.+g of tne amo~~t due and payabfe hereunder •nd sach sam fhalt thereupon be due and
~~~able on the d~e dare of ~he next ~non!h;y payme~}t and each successive monrh thereafrer u~.~it mortgagee shall not~fy morlgsgot of • eharge in sueh
~ e^:ovnr. Such wma s~a.'. be epp':~ed by mwrgeqee roward tne payment of real p~operty -taxes, insurance p~em.ums, and mortgage yuaranty insu~anc~
i o*emivm~. .
IN Y/}TPJESS J:HEREOf, the sa:d MORTGAGCR has hereunto set his hand and seal the day and yea? f~rtt aforesaid.
~ Siyned, Seated end dslivered in the presence o~:
i aQ
f LEO AMD kECu~d~C~ . es one .
- ~ t~.~UCIE COUMSr FLe. .0
~ _ !i'4~-_- flOCER ~OttPaS ~+n
' - - aEC4R0 YERIFIEO c~ua +n
~
t STATE OF fLORIDA ~ w~~~ ~
C~UtJTY Of C ~ 8 Y
Before me personally appeared Robert W• B1LlA$fii0Y18~ e single $CiLllYi
to me well known snd known to toe io br
rhe ind~v~dua! desv~bed in ~nd who e:ecuted ~he iueyany instrument, and ackrawtedped befue me that he ~aecuted the ssrn~ iw fh's_ p~pass?~:
rherein expressed. ~~~~~~Y~xxxZZ2ZZxZZZZZxZZ~xZxZZZZ?Z2ZZxZZZZZZYZ2xYYT2tZ~~~x~?~1'•,~?.~.
~ 7t~7~C l1IrJCfi7QlQIL~iJ!]~ . ~ ~ :
WITNESS my hand and offic+el ieal rhts ~ d~y of L- ~ 9, ~q~~
~ - ;
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hJ. .t v, - ;
_ Norary Publ~c ir. ~nd fo~ ~he State of Fbrids st latp~
~ My Comm~saion eapites: ~ _ ~ . ~ ~
~ Return To: •
~ Finr Federd Savinys 3 loan A~wcienon ~ P~. Sl~ie oi fiurida (xq~
~ os c.,.~ o..,... M1? Co~wission E.~+~?es Drc. 2T, t980
~ 1o~M1 AM~c~~ Iw~ / (~~tYh
Fort Pir.ce. flur«!a Co,.~~~
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~ This Instrument Prepared By dOh21 1~I. C0111IIS;C~'1 [~~~~r~~MEN':,RY. ~~.,S'1:NF• ~
~ First Federal Savings & Loan Association 2.• " _'r': ~~v:.•+~~~__~~"~•=-:. - "
~..f~t n~.
~ of Fort Pierce, Florida 3345~ - - _ = ` 1'~ ~ '
~ _ = ng = - _ ~ -`z•+~4!~ a3 v. v v ~
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~ Checked BY ~ - _ - . ~
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