HomeMy WebLinkAbout0989 To pfecr a~.d con~~nuo~s"y ?eep a+ ~+•e b~~'d~~ ys r.ow or hr~~~feer ~+r.s~e on si~d ~end e~d o~ ~•q~~p~+e~~ ~nd pc~to~+a~~Y co~ered by this mwlg-
sp~, w~th ell p~rm~.,m~ ~hr~ron +,a.d ~n luli, I~.e ~ns~re~~ce ~he uwal stsnd~rd pd~cy form, in a sum aNp~o.ed by tht MORiGAGEE, and w~nJ~tam
iniurantt in tFN v~wl •~anci~~d F.ol,cy io~m, in a ium •ppro+ed b~ the MORTGAGEE, in ~vth to:~~p~ny o~ companie• a• th~ MORIGAGEE m~y
direcl; and all li~~ and w~nds~orm in~„rance po+~uas o++ ~~y ol se~d bu~~d~ngs. ~ny inieresl there~n or part thwac~f, in the aggrrgs~e tum •lo~esaid or
in ~:cesi tF?ereol, i~atl coroain the uwal s~a~+derd matyiyre uawe or such other dause af 1hs Mo~Igsyee mey requ.r~, m~king ~M lo~~ unele~ ~d~d PO~F
titf, eath •nd eve~y. payabte ro ss~d AIOkIGAGtE a~ .t~ ~n~ereit may appesr, and each and every such po~~cy ~I~all be Q~omNrtY ass gned and del~verrd ~o
•ny held by sa~d MORfGAGEF af fur~her secur~ty to sa~d mwtgage de01, and, no~ ~tfs lh~n ten UO) daya in advance of ~he eapuafion of e~ch pot~cy, to dM
~iv~r to ~aid MORiGAGEE a renewal thrreoi, tc~r+he~ wuh a rcce~p~ fo? the p~e~~~um of such rone~al; and ~hr~e •hall be iw f~re or wi~~dstorm insuronce
plic~d on any of sa~d bui!d~ng~, any inrerci~ there.n w pa~t ~hereol, un!rss ~n iFx fam and w~~h ~ha foss payab~e as aforosaid; and in the even~ any sum
of mo~ay lxco.res parab~e u~der wch poticy a poLaes sa;d MORiGAGEE ~ha~l hsve ii~e op~~on to ~ea:~ve and apply the ~an~e on account o( Ihe indebted-
nets secured he~eby or to perm~t ~e~d MORTGAGORS to ~ecrive and use a at~y pa~~ ~hr:voi lor o~~~• ~ pw: os~•s. .v~rh,,:e ih_•. u; +vai.~.~3 or ~mpair-
ing any equ~ty, lien w righ~ under or by virtve o+ thii mo:egage; •nd in ~h~ •vcnt se~d MORTGAGORS sAa!I io? sny reaso~ fai! to keep ~ha said premises so .
insured, or fail to de~~ver promptly any of so~d poht~as of ;nsurance to aa.d MORTGAGEE, or (a~l promptly ro pay fufly any prenuum the~efw w in s~y
re~pect lail ro perfo~m, d~uha~ge, exe:vre, e~fea. c~~p'ere, cort~ply w7~h a,~d ab~de by Ih:s cove~a~~~, o+ .~n~ p~rr hrreoi, sa~d MuRTGAG~E may piace and
pay for sush insurnnce or any pa~t thercof wahcut wa~ving a alfecting a~ly op~+w+, lien, equ~ty, or nghr unde+ w by v~rtue of this Mortgspe, snd tht
4u11 a~nount of each and e~ery ~uch peymam sheit be ~R~mcdiately due and payable ~nd ahaft bear intercat from the date thereo( until paid at tl~e rate o)
nine pe? ceNum per annum and rog_ah~r w~~h svch mtr•es+ sha~~ he secwed by Ihe tien o1 thif mwtgage.
1. To ptrmit, commit ot suf(e~ no wa~te, impa~rmrM o~ deter~oratio~ oi sa~d p~ope+ty o~ any part the~eof.
S. To pay all and s~ngutar the costs, charges and expenses, includ:ng a reaaonabk attaney's tee and costs o( abstracts of title, inturred or paid at
any lime by said MORTGAGfE, because a in the evenf of the ia~;ure on the pa?~ of 1he ~aid MORTGAGOR to du~y, promptly and futly pe~fotm, d~scharge,
execute, effec~, canptere, co+nply w~rh and ab:de by each and every the st~puta~~ons, agreements, cond~t~on~, and covenants of sa~d promiswry note a~d th~i
matgage any or t.the~, and ~a:d cosis, charges a:•d t¦Fe~ses. each and every, shall be immed~ate~y due and payab:e; whether or not there be notice do-
mand, attempt to co:7ect w s~~t prnd~ng; and the (~l1 a~nuunt of each and every such patment shall bea• ineerest from ~he date thereof until paid ~t the
rafe o; n~ne per ~,:ntum ~;rr aro~„~-,; and sil iaid ccsfs, cl,ag~s and ra;xoses ~ncurrrd a paid, together w~th avch interest, shall be secured by the lien oi thi~
mortgsys.
6. Thst (a) in the event of any breach of th~s R1o~tgage or defsu~t on ~he part of the MORTGAGOR, or (b) in the event any of sa~d svmt of money
herein re(erred to be nol promptly and fu!ly pa:d wift.,n th:rfy (3J} da~rs ne,~! atter ~he sa~e severatly beco+»e due and payaWe, wilhoW demand or notice,
or (c) in the eYem each ar,d eve.~ ~he sti~u:~nons, agreemen!s. cond~s~o~s and coYenanrs o! sad p~omissory note and th~s mortgage any or e~~her are nof
~uty, prompdy and i~lly perfo~med, dacha~ged, e+cecutcd, eifeaed. compi~ted, campGed w~th and ab~ded 5y, then in e~ther or any such eve~~ ~he sa~d ag
~regate wm r?Kntio~ed in said proR~~ssory note !hrn re+na~n~ng unpa~d, with.interest acuued, and a:l rr~cneys secu?cd hereby, shall 6etome due and pay-
able fo~~hwith, or thereai~cr, at ihe opr.on of s~~d :~10R:G.~GfE, as fully a~d comp:ese'y as ~f a:l of t6r ~a~d sums of money were wginaily sGpulated
to be pa:d on wch dsy, any~hing in sa d prom•sscry octe or in this Mo~!gage to the con~rary not.vithstand~ng; and thereupon a thereafter a1 the option o~
~aid MORTGAGEE, w~thout nor~ce o. demar.d, su~t at t~w or in equ~ty, there~ore o? thereafier beg~n, ma! be p~oaecuted as if sll mo~eys sacured hereby
nad matured pnw ro:ts i~st~tuf~an.
7. That in the e~ent tha~ at the beginn~ng o( or at any nme pend~ng a~+y s~rt upw> >his Mo.tgage, or to fwectou it, or to reform i~, or to enforce
paymenf of any ciaims he+eunder, said MORIGAG~E sha'1 app!y to the ~ou*t ha.ir.g ~u~~sd:d+on thereof for 1he appo~ntment of a Receiver, such Court shafl
fo+thwith appo~nt a rece~ver ai sa~d rtwrtgagcd property aR and siryutar, inc:~d ng a:t a~~d ungu~ar the mcome, profits, issues and reven~ea irom whate~er
sourte de+ived, each and every of wh~ch, it be~ng e:oress~y unders~ood, is her•_uy moregaged as if spec~f,c~ity set fa~h and desaibed in the g?aMing and
habendum ciauses hereof, and such Rece~ver sha~l have aii the br„ad and effMt~vr (~~r..cns and powe~s in anywise entrusted by a Court fo a Receiver, and
s~ch appo~ntment shatl be made by ~ucfi Co~rt as an ad ~~tted equ~ty and a roatrer of abso:ute rigM ro said MORTGAGEE, and withovf re{erence to the
adequaty w inadequacy ot ~ne vatue of the p•operty mc*?gaged or ~o the so.+rncy o+ ~n1G:vCIKy of sa~d MORTGAGOR o~ the defendants, and ~het such
ren~s, profits, income, issues and reve~~ues shait be app~~ed by svch Receiver ac:ord.:~g to the lirn w equity oi said MORTGAGEE and the prattite of suth
CouA.
8. To du!y, promptly and ~ul?y pe:form, d:scharge. exe:ure, effer., co~^p;ete, ce~:~p~~ w~rh and aL+de by each and every the s~ipulatiooa, agreements,
candita~s snd covenanrs se~d p~om;ssory ~ore and tn.s mortga~e set forth.
9. That in the event rFe ovvnership of tne mortgaged pre~,:ses. o~ any part !hereof, becomes vested in a pe~son other than ihe MORTGAGaR, the
h10RTGAGEE, its. succezsa.s a~d a:s~gns, n~ay, w[•hour ccnce to rhe S".ORTGFOR, deal w+th <uch successo~ w successor in iNe~est with reference to thi~
mortgage and the ~rot hereby s~:vred in tne sa^~e rsan•,er as w~'h lA~~rgagor w:thout in any way vit:atirtg w d~xharg~ng the Mortgagors' liability htrt
under or upon the debt hereby srcv~eo. No s~;e of tre Fre-T:~sPs hercby mc~tgaged ar•d no forbearan~e on the part oF the IdOR1GAGEE w its sutcessors
or assigns and no extension of rhe t~me for the payment o~ t~e deb} h~reby secured given b/ the ~hORTGAGEE or its suctessors or assigns, siiall operate
to re~ease, d:scharge, modify chan~e or afiect tix e~ig~nal {:ao:lity of the N.ORTGAGOR herrin, either in vrhofe or in pa~t.
10_ It is speuficalty agreed that t~me ~s of the esxnce of th~s co~rract and thaf no waiver of any ob~~gat~on hereunder or of the obligation se-
cured hereby shaU a1 any time rhereafter be he;d to be a waiver of the terms hereof a of the instrument secu.ed herby.
11. In ada.tio~ ~o the ~orege ng month!y pa;ments of pn,c pal and inrer•~st requ~red by the prom:uo~y no~e secured hereby, mortgagor covenants
and agr~s to pay to ^~artg~yee ~.:h eoch rr ,nth:~ pa~:::ent an aod.•~onal sum esr.:~ ared by mortgagee ro be equal to l;' 12 of the ann~al cost of the follow-
~ng:
A-A!t rea~ Frcprrty ra,c:s x asscss•_d ag~:~:sc ti=; auo.e desa~~rd rea~ es+are.
' 8-I'f.?T.i:l'^S o: fve ar.d v:~~~dsr~-~n s-,•a~-;e as ~e~_~r ..-q~..red to be ca*r~~d on the imrroveme~ts s:tuate on the above described premises.
C-Prem~ums on wch mw+7:~ae g~aranry ~nw~a~ c~ as ~r,-egay^e. sha's1 frcT *~^e to t~m~ dcem fit to carry o~ the loan secwed hereby.
i IN~rtgagee s:^.a[I frcm time to ta-*,e ncc~f; rrw~:ydg~r ,n ,vnr~ng ef the ar..ou~t due ar,d payab!e hereundar and such sum shall thereupon be d~e a~d
~ Fayable on the due oare of ih: next mc~~n: J pa~~~:ent ar.d e~ch success~ve m.onth thereafrer ucrJ mo~tgagee shall notify mortgagor of a change in such
t a~ount. Svch sums sFaJ be ap, .~ed !,y me~tga~ee to+.ard rhe payment of reai property ?axes, in:urance prem:ums, and mortgage guaranty insurance
premiums.
IN ~'~IT~JESS :'iHEREOf, tne sa~d "l.OFiGAGO? h3s F.ereu~!o se! his hand and seat the day and ye first aforesaid.
Signed, Seated and dei:ve~ed in the presence o4: j
~ ~ ~ - ~sea4
, FllEO p~U RECil4LE0 .
- - ST.IUCtE COUM~Y F~~ ~W l~P ~illiar~ (~an
ROG=~ POITR~S / 1 Q.as-,-w~. ~ C.~.L~-eL-s~`-a (Seal)
/ CIE~R G.RCUIT COURT Nao W lliams ~~,q
- :
~ J-~`-`-"~°~" RECORO'~ER~FIEO
SiATE OF FLORtDA St. ~+UCle ~ 10 ~6pH •
COUNTY Of ~ . '1~
Before me perscnalty ap,~eared _ ~~li@ Williams ~ ' and
, _ Naomi WillialRS h;s w~ie, to rne v~stl kq~w~ ;¢d .k~6,wr. ro me to b.
the individua~s descr~bed in and who executed the forego~ng instrument, and acknowledged before me that thify ~XiaoNl~d the iam4. fc11 ,t!+e purposes
rherein expressed. And the sa~d Naor?i Williams ~
_ --1Y--
w~fe o1 the sa~d - ~JilliB k'illiams -:~=~'~ppn„a~seps~te snd pr~wte
e,cam~nat~on by me takcn separate and apa~t from Fwr sa~d husband, ackrawledged to and before me that she exe~ui~•iaid insuvo~et?t heely and volurr
ran~y and w~thaut any computs~on, cons~ra~nt, apprehens.o~, o~ fear of w frorn her ui husband. _
~ • • ~ - • • . . -
WITNESS my hand and o(fiuaf seal th~s_ day of " 7 ' A. D. 19~1
i j L J r J:'
~ ~Notary Pub!ic in and for t1Rr tate of fiorida et Large
My Comm~ssia~ expires: P~~K, Statf O~ ~(~~da Zt :rt~1C
~ Return to: Notary
firsf Federal Sav~ngs S Loan Aswd~'.on My Cor.»~sSw~ E~i~+~ Der. 13• ~~8v
~ Of For! P.,rce ~y I~.r.u. in ~ Gwwr
Fo~t F~+rce, fior,de
~
~
This Instrument Prepared By Donald E. Hughes
First Federal Savings 8 Loan Association
of Fort Pierce~ P'iorida
r, ~ ~ .
Checked By E'~:1 ~ PAG~