HomeMy WebLinkAbout0557 J. To pIK~ ~nd caroinuoutiiy ?eep on tl~e b~, ,f~~,q• naw or her~al~~r f~eu~~~ on tia~d I~nd and o~ ~17 eq~ipmenl •~u! pe~~on~lly cov~red by 1hi~ mortq~
aq~. w~tA ~H piemwmf ~hrreon ps d~n fu~l, hre ~ntur~•:ca m ~he wva~ s+~ndord Nol~~y lorm, in • sum ~{,proved by tM MORIGAGEE. •nd wu+d~twm
insur~nc~ in ~M wu~l ~rancf..d poi cy Iam, in i ium ayproved by the MORIGAGEE, in tuch tompa~y o~ co.*~pan:e~ ~M MORiGAGEE m~y
dNetl; •~+d •U fir~ ~nd w~nJi~orm inwrente {wl~c:c~ o~ •ny of ~e~d bvi~d,ngf. ~ny i~~e~e~t ~herein o~ parl ther~ol, in ~he agg~ey~te fum ?laeuid w
M~atess ~he.eof, ~?ull co~~ai~~ ehe uswi y~a~~dmd marg,gee da~ae or wch oiher c~~uts Ih~ Mcr?gag~~ m~y ~equ~r~, m~?iny ~hs b~s u~de~ fa~d po~i-
cief, each ~nd ~v~vy, pa~ab~e ro s~~d A1pRTGAGEE a~ m in~rr<~t +na~ apposr, •nd each ar~d every svth poncy ~hall be prompNy ~ssy.,ed and dejivered ~o
~ny held by s~~d MORiGAGEE a~u~+he. se;urcey ~o sa~d mo+~gs9e dab~. and, not lea ~hsn ~eo (10) d~yt in adra~xe ol ihe expu~tifln o~ e~ch pohcy, lo d~-
IivM to fsd MORiGAGFE • ~t~ew~l 1?~ereof, ~oye~Fu~ w~~h • rece~pt Iw the p~ern~um oi such ro~~ewel; and ~here ~hall b~ ~a f~re or w~ndstorm insur~nce
plK~d pn aey ol ~~.d bv~Id~~gs, any mte~cit the:e~o a part ~~errof, un!es~ i~ ~h~ (onn and wdh IM Ioss payable as •loretiaid: •nd in tM avent ~ny wm
ol mon~y beco~„e~ p~yab!e ~nder wch ~wt+cy o~ poLc~rt ~e~d MORTGAGEE sh~ll h~ve ~he opt.on ~o rece~~e end •pp!y the ~an,e on accoun~ 01 ~he i~~debtrd•
~u tecvr~ Fwrreby a ro permA f~id MORTGAGORS ro rcceive end use it o? any part lherrof io. u:~~••* ~.w; o~ry, v.:th~~t ~h ~r~ e,~ .ca~.~ ~3 ~r ,~npa~n
• inq anY pu~ty, Iron or rigA~ w~dcr or by virt.,e of t~;~ mo~rgage; and in the evem ~a'd MORTGAGORS shetl (or •ny reaaon fail lo keep ~he aa~d p~em~sH to
~esurcd. w f~~l ro deLver p~ompNy •ny o( :~.d pol~c~rs ol ~n~urance ro ss~d MOR(GAGEE, or fa~~ pro~npti~ to pay fu:ly eny p~emium the~efor or in any
r~~~ fail tp p~rfo~m, d~~ch~.ge, aaecute, el(i~t, cpnptate, co:nply wnh end sb~de by Ihii tovenaro, p~ny perl hereol, s~+d MGRIGAGEE may p~~te •~~d
p~Y fw a,ch insurance a•ny pa.t the~eoi w~1hout w~~ving a•fleu:ng any op~wn. I~~n. eqi~ty, a r~ght undrr or b~ virtw of ~his Matys9e. and the
full ~mwnt of each and ?.~ry •uch paymem sMll be ~m~ntt/W/!~y tJuO and p~yable •od sheil be~r iet~res~ from tM date ~hereol un~il pe~d at th~ rat~ 01
n~M per tantum pe~ •nnwn ~ix1 tcirthc~ w~~h futh ~~verest ah.,i~ be scwrrd by fhe iiM of Ihi~ mptpaga_
1. To permit. eommfl o~ suffer no waate. imaairmen~ o~ de+.r~er.+~n.. 0/ aw;.l r...,n«tv i.? w..v t..~r~ th.r.ni
S. To p~y afl and tinyv~ar tht~ coaq, cl~argcs and expenses, ~nclud~ng a reesonsble ~ttwney's (ce and costt of abttrac~s ol title, incurred o~ paid at
a~y t~me 6y sa~d MORIGAG:E, bece~se w in the eve~~t oF the fa;l~re on the part of ~he said MORTGAGOR ~o duly, prompily and f~lly periorm, d~xharq~,
e, xu~s, e(fett, tomp:ere, comply vwth and ab de by eech and every ~he stip~is~~onl, agretmenll, cond~t~ons. •nd covensnfs of ssid promis?ory ~ote ~nd thi~
rwtfl~ any a e.~he~. •nd s~:d cos~s, ch~rges a~d capensef, each snd every, shall be immeduiely due and psyable; whether p not there be nohte d~
mand, attemp~ w co~kct w s~it pend:nq; and the f~l{ anwum o~ esch and rvmy s~ch payment shall bea• interrs~ from the date thereof until paid at the
r,re o~ n~~K c~m„ve ye~ en~~;, and a11 said wsfs, cnr.3ea and ra~,enacs ~~KUrrcd or pa~d, ~ogr~her wah auch ~ntere~t, sMll be sec~~ed by the Ile~ of th~~
mortyag~.
6. That (a) in tM evcm of any breach of th~s Mo~rgage or defa~ft on ~he pe~~ of Ihe MORTGAGOR, or (b) in tM event any of u~d sums of mo~ey
herein reFen~d to b~ not pranpfiy a*xf fuily pa~d w~+n~n th:.ty 130i da~s ne.~ airPr tlre se~~~e severa;iy t,tcomr due and pay~ble, wiihout deme~d or oo~~ce,
or (c~ in tht evem rech and every ~he st.Nu!ae~u.~s, s9ree:nrrt~, cc^J~~w~~a end co~enu~n of sa.d pram,ssory nore a.~d th~s mor~gsge any w e~ther are not
~uly, prpmpHr and t~Hy pe~formed, d.acharyed, esecu~ed..e~~et~ed, comp~errd, comHi~ed w~+h and a6~ded 5y, then in e~~her w any such evem the sa~d sg
g~eg+h sum rnen?pned ;n se~d pro:nasory nofe then re~~~a~n~ng unpa~d. w~rh inte.esl acc~ued, and etl moneys secured hereby, ahall become due and pay-
e~ e forthw~th, o~ therrafre~, at the oF•r~on of se~d MORiGAGEE, as fu~1y a.d compiere~y ae il all oi the se~d wms of money ~w•ere ap~n~tly st~pul~ted
to be pa.d on such day, any:h~ng in sa d prorr.,sswy nore or in rh~s Morrgsge to ~he contrery riotw~ths~anduig; and the~e~pon a thereafter •t ~he opt•on of
se:d MORTGAGEE, w~~ho~t noe~:e or drmand, su~~ at !aw w in equ~ty, ~tw~efore or therrat~er beg~n, may be proaecuted as if ~11 moneys secured hereby
nod matvrcd pnw lo ~ts inst~t~t~on.
7. Tlut in e!,@ event rMt sr the beg~nnt»g o~ cr at any t~me pend~ng any aurt upo., ~h~• Mo.egage, or fo (aectose it, or to retorm it, or to enforce
~~Y~~? of any cia~ms he•eunder, aa~d MpRTGAGEE shali apply to the Co~rr har~~g ~unsd~tt:on thereof lor the appo~ntmem of s Receiver, such Cuurt shall
Fc.thwirh appo~nt a rece~ver oi sa~d morrgaged p~operty af! and sing~ta~, inc+uJ•ng aI1 and fir~gulu ~he in~pn,e, profiq, i»ues and revenuet from whatever
sowce denvcd, e~th and every of whch, it bemg eapress'y .,nde:s+ood. is rereby morrgaged as ~f spec.f~ret{y set (o+th and dexnbed in the granting and
hebendum ctauses hcreof, aed avch Receiver sh.~ti ha+e sli the br~ad ar.d eilecr,~e fun~f,ons arw! power~ in anyw~se enn~~~ed by • Cou~~ to a Recn+ver, and
~~_th ap~e:mme~+~ aheii be made by suth Court a~ an admrtted rqu~ty and a e:atttr of absolute r~ght to said MORTGAGEE, and withcul reierence. to the
edequaty a inadeq~ety of th. vat~e of the prope~ty mortgage<1 or to the so:vrncy o~ insolvency ol said MORiGAGOR d the defendams, ar.d that such
renrs, prof~ts, income, usues and reve~ues shali be app:~ed by such Recr~ver ac;crd.ng to fhe lien a equity of tsid MORTGAGEE uid the praUice of such
CouA.
8. To d~!y, promptly ar+d (u11y perfo*m, d~scherge. cxecure, effcct, co~r.p;rfe, comN!~ wi~h and ab~de by each and every the stipu:at~ons, agreements,
ccndit~on~ and covenaot~ m ss~d prom~saory note and +h,s morigage se~ fo,th.
9. That m the e~ent +ht ow.+enh~p oI the rnortgagrd p.em~ses, w any p~rt thereof, bccomes vested in a person other Ihan the MORTGAGpR, the
h'ORTGAGEE, its s~cceswrs s*:d a~s.gns, n,ay, w~iho~f ror~ce ro ihe MORTGtiOR, deal •x~~h wch s~ccessor a svccessor ~n ~nterest w~~h referente to th1~
mo•tgafle and the drbt hereby src~.ed io the same manr.~r as w~+h lh~rrgago. wrthout in any wsy vit~ating w d~uharging thc Nbrrgbgori tiabil~ty hera
under or upon the deor hereby seivrzd No se~e of !?~e ~ren ~srs hcreby rnortgagrd and no fo.bearsnce on Ihe part oi the IAORTL'iAGEE o~ its successors
or ass~gna ar.d ,w eatens~on of rhe eime f« tFx payrnent of rFe deb~ hereby secured g~ren by the IAORTGAGEE or its successors or ass:gns, shall operote
ro re~ease, d~xharge, modefy char.ge o~ a".ett the ang~nal tiau:lny of ~he MURTGAGOR herein, either in whole a in part_
10. I! is spec+4itatEy agrxd th~t 1~+»e is o( the cssence of th~s conrroct and that no waive? of any ob!~gstion hereundcr q oi the obligtlion se-
cvred FKreby sha'~ a~ any fim~ thereafter be he!d to be • wa~ver of the term.s hereo} or oi ihe instrument secured herby.
S 1. In aJd t,c~ eo the forego ~ munth'y paym~nts of pc~~~c oa! and in~r•est requ~~ed by the prom[ssory no!e securcd hereb~, moitqaaor covenants
~ ay.~~ :v ;:<y ;v ~-w-~yegee w,m escr raomn:y payr :ent an edcLuo~al s~m esr:n~ated b~ mo•tyagre to be equal b 1; 12 0l the annual cost of the follow-
,~,3.
A-Ali rEat property iaacs te.~ed or asses:_o eg.~i•.st :h.- abo>e descr~b• d n a~ es+e!..
E- P•:~+.,.~•ns o~ bre ard v.;^dete~•n ~nvra~ce as ne~e:n r~q~.red to be ca~ned cr, ehe :m;:.oreme~ri ttuare on the above described prem~ses_
C-Prr-,~~n.i o~ such To•r~,ye gu~ra~~!y i~s~.n~ ce as n:o~t~ag.e sha;l fro-^ s~+-.e to ti~ne derm fir to carry on the loan sec~red hereby.
s.a- . . .
~ y-- ~~.:v.,yegv~ m+vnt~ng oi me arnrwnr due ana payab!e hereundrr and such sum shall the.eupon be due and
~ [-1k'dbf!- O~1 ~he d~e ~ aare e+ ~he near n:onth'y pay•nen~ a~,d each success~ve .~~on~h ti,~reaftrr unt~l mortgagee sha!! nonfy mortgagor of a change in such
a~ ount. $„ch avms s~•a.+ tr app:~ed i,y r.cr,y.;g•:e io+~s~a rhe pa~ment of rrai p.eper~~ taxes, insvrance prem.vms, a~~d mo~tgage gua~aMy insurante
•e m wms.
i
~ !N VIIi;1E55 Y:HEREOF rhe said MORTGA:~,^,R Fai hereu~to ser h~s hir.d and sca: the day aryd~year fust a said.
~ Sgr+ed. Seale~ a:cd det:vercd in the preser.ce o!: 1/
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STATE Of FLORIOA ~
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CoUNiY OF St.~ClE' ~
Befose me perwnat:~ appeared _ JataeS J. Gordon _ a~
Margaret A. Gordon h~s w~fe, to me well known a~d known to me to b~
rhe individuats dewiFxd in u+d who exec~ted the faegoiny instrument, and ac4nowtedged before me that they executed the same fw the purpose~
~
~5 +nere~n exp?esxd. And tne u~d____~____ T~3 rg~3 r@L . Go rdon _
+V:?e of the ia~d dIDeS J. Gordon upon a separate snd priwt~
~ e=am~nst~on by me taken separate and apart from her u:d husband, ecknowtedged to and be~we me that ~he execu!ed said instr~ment ireely and volurr
tan~y ~nd w~theut •ny cwnpv:a~o~, consrra~nt, epprehens':otn,, or (ear of a irom her said husband.
a~~ WITriESS my ha~d aod offiua! seal th:s_ __~LZ_=~'__ day of_ a S~'!________ A. D. 19-ZZ
Y /
2 f~Lf~ ~y~ Notary P~btic ' a~ (or the State of Norida al large
ST. ~(J~t[ RECO4vFp My Cemmissi expires:
~ Re,~~o to: COUN?Y F ~ _ • , ~
FOC=R POlTRA~ lA. Nc p.,...~. . c. '
~ ~ ^ -
/.ttt fe~e~~i ;wr~r~yf S ioen h3sGC~~f,on ~~~~:K CIA(;UlT v0(~RT /'~f e+:~.T~s :V~j ~2• :
y RECCRu- r
Of fort P~erce VERIFI A N...~ 1•.
q E~ An,*~.can F:~c S Ga:oc:.y ~o,
'r` Fo~t P~e•ce. Ficr~da , ~
~
;
! MaR'S ~'~3 ~M1'll '
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~ This Instrument Prepared By Robert J. Evans, Jr, _ "
~ First Federal Savings & loan Association -
~ of Fort Pierce~ Floricia - ~ .
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~ Checked BY ~ ~ - . .
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f~'~ ~ ~ • :
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