HomeMy WebLinkAbout0316 To plac~ and continuou~ly kcep on tM tw~ld~n9~ now a Mreetttr ~fw~b or aa~d I~nd and a+ ali eq~ipnenl a~xi pe~~on~tly cove~ed bY 'hi~ mwe~
~ge, with •II pr~miumt thereon pa~d ~n tull, fue inw~ante io ~M uswl ~~sndard pol~cy ~orm, in • aum ~pp+ovtd by tha MUR+CsAGEE, and w~nJ~~o~m
~mur~nc~ in tM v~wl ~tuxJ+~d pol~ty fwm, in a~um approv~d by tM MORTGI~GtE, in ~uch company w ca*~pan~ef ~a tM MURiGAGtE ~*+ay
d~reu; ~nd all (i~~ and wiod?lorm i~iw~nu pol~uef on My of sad build~nps, ~ny inl~n~1 the~e~n oi pa~1 therEOf, in ~M aqgr~ge~e wm atore~a~d a
in ~xteaf ther~ol, ~NII ta+~un tM uswl ~undard ma~qa~N clauw o~ ~vch olhtr d~us~ a tM Matys9ee m~y requ~ra. ma~~nq IM +oa unJ~~ s~~d poli-
Nrs. ~acb •nd ewry. para¢la ro iaid MORKAGEE as ~ts imera~t may ~ppw?. ~nd each and ~very ~uch poi~cy ~hall be Promp?Iy au pncd •nd dehyered ~o
~ny h~ld by s~id h10RIGAGEE as (or~her secu~ity ~o ~aid mort9aq~ d~W. and. rwt I~u tM~ ~~n Q0) days in adrance ol ~hi s~pn~t~on of e~ch po~~cy. ~o ds-
I,ver to said MORTGAGEE a renewal Ihereof, lo~e~h~r with ~ fKe~p) ~01 Ihf p/fmium O~ suth r~newal; and ther• ~hall bs ra f~~e or w~nds+orm insurance
plsced on ~ny of s~~d build~ng~, ~ny iroerssf tht~~ or pa~t tM~eoL unl~u i~ tM fam ~nd wiih Ihe lotis payabte a• afo~ess~d; s~d ~n the event any sum
of mon~y becomef payable w?dcr such polity a poliuef iaid MORTGAGEE ~hall have tM op~~on to rece~ve arxl appty Ihe same on accounl of Ihe indebied-
neii sec~red Mreby a ro pe~mit ~aid MORTGAGORS ~o receive and us~ i~ w~ny part thereof fa ori,~•r p~rNOSrf. .vnho~r ~h,n~:; w:~.~y cr ~~=~p~~r•
~nq anY equity. lien or riyh~ unde~ oc by virtw of this mortpapes ~~+d in ~M •v~nt q~d MORTGAGORS shell fw any reason ia~l to keep ~he s+~d prem~ses w
:r,au.ed. w fai) to del~ver promptly ~ny oi uid pol:cies of in~uranc~ f0 said MORTGAGEE. w(ail promptly to ~:ay fuily any prem:.,n+ ~herelw w in any
refF~t f~i~ ro pNfam, d~scM.ge, exccute, e~{ed, comp~ete, tanply wi~h and abid~ by lhif tove~an~, o~ any pa~t hareef, sa~d MCiRiGAGEE may p~ate a~~a
pay fw such inturanc~ w any parl thereot -without w+Iv~ny w aff~dinp any option, lien. ~qu~ty, w r~gh~ unde~ a by vi~tue of ~his Mat9e9e, and the
f~i1 amount of each and tvery such paymenf sM!1 be imrnedi~tely dw ~nd payabl~ ~nd ~hall bear interes~ tran tha date iherrof uniil pa~d a~ the ra~e ol
n~ne per centum pe~ annurn and together with such ~nterest shsll be secured by tM lien o( this mortqpe. "
To parmit, mmmit w suifer no wut~, imp+irment or deterioratiw~ o( iaid prop~rty or u?y part thaw~• -
S. To pey all and sir~yutar ~he cwts, charyss and expN+set, includiny + reasonabl~ attorney's fee and costs of abstrscrs of t~~~e, incurred or pa~d at
a~y time by sa~d MORiGAG:E, betause or in the erem of ~he f+~lwe oe tfK part of ~M uid MORTGAGOR to du1y, p~ompUy and fu1ly perfwm, d~xharge.
~ae~~te, eHed, comptete, comp~y w~th ~nd ab~de by each and every the ttipulatron~, ayreements, conditions, +nd covenan~s oi sa~d pran~?so~y note a~+d thii
^,orrgaye any o~ ei~he~, and sa~d coats, charges •nd expenses, each and every, afiafl be immedi~tely due u+d payabte; wheihe. o~ ~ot ~here be no~~ce dr
mend, attempt to collec? o~ suit pend~ng; and the fulf amouM of eath ~nd eve~y suth paymeM thall be~~ interest from fhr date thereof umil pa~d a~ the
,,re o~ n~ne per ceroum per annurn; and all a~id costs, cha~gea and eYpeoxs tncwred or paid, together w~th such interest, ihalt be secu~etl by the l~en of th1~
mortgage.
6. That (a) in the evenf oF any b~each of this Mottyap~ q defaull on th~ part of the MORTGAGOR, a tb) in the evcnt any of sa:d sums of money
hereln referred to be ~ot p~omptty and lully paid w~+hir. thuty (30) days nexl •fte~ the same uverally becane dve and payable, wifhout demand o~ oo~ice,
cr (c) in rhe event each and every the ~tipulatiora, ~greemcnq, conditions snd coverunts oi w~d pron+isswy :•ote and th~s mo~tgage any a eithcr are not
iuly, prompHy ~nd lutly pe~formcd, d~xharged. ezecuted. lfFKfed. complet~d, compl~ed with and ab~dd by, ihen in e~~her w any such even! th~ se:d ag-
gregate wm merttioned in uid promissorY note then rem~ininp vnpaid, with int~~~s1•~ccrued, ~nd a11 moneys secured hereby, •1ui1 b~come due and pay
eb:e forthwith, or thereafter, at the opt~on o1 said MORTGAGEE, ai ful~y and compte~ely as i( atl ol ~he sa~d sums of money wera orginstly ~tipu:atrd
ro be pa:d on svch day, anythiny in sa:d promissory note or in this Matya9e ~o the contrary no~withsund~ng; and ~herevpon a~hereai~er at ~he opnon af
in,d MORTGAGEE, w~thout nonce w demand, suit et law w in puity, theretwe or thereafter begun, may be prosecuted as if atl moneys secured hereby
nad matv?ed pnw to ~ts inslitut.on.
7. ihat in the evcnt that at the bcginning o1 w ~t any time pending any suit upon this Mo+tgag~, o~ to fpK~OS! it, or to reform it, or to enfoice
paymem of any cla~ms he~wnder, said MORTGAGEE shall apply to the Court having juriid~ct~on thereof for fhe appoinfinent of a Receiver, such Cuu.t shall
fcr:hwith appoint s receive~ of ~aid mwtyaged properly +It and iiryular,,includ~ng all and singvlar the income, prof~rs, issuee a~d revenves Irom whatever
so~rce daired. each •nd every of whKh, i~ being saprruly undera~ood, ia hereby margaged as ii specificatly ut fwth and dewibed in the g~an~~ng and
habendum dsuses hereof, and wch Receiva shall haw •II the broad and effectivs fvnctwns and powers in any~wise entrusted by • Coy~~ to a Receive~, and
s::ch appointrtKnt shall be ma~e by such Coyr1 ss sn admitted equity and a malte? oi absoiute right to saii! MORTGAGEE, and w~thout rcfcrer,te to the
ecfeqvacy or inadequacy ot the value of ~he property rnortga9ed or to the sotvency or inaolvency o~ said JNOR(GAGOR a the deterxlama, and ~rhat such
- re^~s. p.ofits, i~come, iasves a~d revenwi ahall bs applied by such Reteivsr accord~~+y to the U~w or ~qviry of wid MORTGAGEE ~nd the~sct~ce of such
Court. ~ .
8. To duly, promptly and fuNy per!orm, discharge, exccute, effect, complete, tomply with and ab+de by e an every the stipulations, ag~eements,
co~d~t~oro and covenanrs ~n saed promefsory note arx! ~his mwtgage set fwth.
9. That in the eve~t the ownership of ?he mortgsged premius, p any pa?f thereof, becomcs vested in a perzon other than the MORTGAGOR, the
M~RTGAGEE, its successors and ass6gns, may, without notice to the MORTGAOR, deal with such succe~sa a successor in ~nterest w~~h reference to thh
To•~gage and the deb~ hereby secured in the same manner as with Mortgagor w+thaut in a~y way vitiatin9 or d~xhargir.g the Mortgaqors' liab~lity F+err
;;nder u upo~ the debr he~~by setvred. No qIe oi the prem;ses_hereby mortgsged and no (orbearance on the part of the MORIGAGEE or i!s successon
er ass~gns and r+o cate~ston of the ~une {o~ tM payn+ent of the dcbt hereby -aec~~ed yive~ by the ARORiGAGEE or ~ts successws o~ ass'gns, ~~~all operare
ro re~ease, d~xharge, modify change w aFfcct the orig~nal Ifab~t~ty of the MORTGAGOR herein, either in whole a in part.
10. It is spec~fKatly ag?eed that time is of the essence of this contract and that ~o waiver o~ any obl~gat~on hereunder or of the ob!igation se-
c~red heteby fha~i at any time tF~l~NItN b! F~lld 10 6! ~ waiver of the ferms Mreof w of tF?e instrument secured htrby.
li. In add~tio~ fo the forego:r+g ~»ontf~fy payments of princ~psl and interest required by the prom:swry r~o!e secu~ed hereb~, mo:tgagor covenams
ar,d agrees to pay lo mort~agee with eath momhly p~yment an addnwn~l sum es~~matqd by mortg~yee fo be equa~ to 1/ 12 of the annual tost of rhe foliow-
~~,y:
A-All real propr~ty ta~es levied w assessed agai~st thc above described real estate.
B-Prem~~:ns on fue and windato+m insurance as here~n requ:red to be ca.ried on the improvements s~t~ate on the above d::cr~bed prem~ses_
C-Premiums on svch mortgaqe gusranty iasurar.ce as mortgagee shalt from rlme to time dcem f~t to carry on the loan sttured hereby.
Mwtgagee shall fron time to time no~~fy mortgs9or in writ~ng of the arr.ou~ due and payabk hereundtr and such sum ahall ~hrreupon be due and
! ~~~able on the doe date of the neat moNhly paymeat and each succ~ssive mon?h thereaf?e~ uriil enw~gsgee shall nor;fy mongago. of a change in wch
~ ~-o~nt. Such sums shall be applied by mcrtga3ee toward the payment of real property ta:es, insurance prem:ums, and mortgaye guare::ty msurance
~ ~.~•.,,r.iurnS. _
IN Y~ITNESS WHER20f, t s~id MORTGAGOR has hereunto set his hand and seal the day and ear first aforewid
~ 5pned, Sealed p~d elive ed in the of: `~~~~~INf'+~ D ~
~l ~ Sesl)
~ ; l : O~ C (Sesl)
- • (Scaq
- , ~
(Seaq
J
S:~~E OF FLORID ~
St. Lncie ~
~•~U.'JTY OF -
Before rt+e personaliy appeared Arthur R ~VO~111! end
Rl1.lII D@V~~~11! hia wife, to me well known a~+d knovvn to me to be
individvals desuined in ~nd who eaKUted the fweyoiny iratrumenf, and scknowted9ed before me that they executed the same for the purposea
i~>_•e~n expressed. And the sa~d H!1!n DeVA~~],1! -
:..~e of the •aid Artb~r R. D~A~il~ ~ ~pon a separate and priva}e
~.a•n~nat~on by me taken separste and apart from het s~id husband, adtnowledged to and before me that she eaecuted said instrument free'ry and volun-
~-::y and wirhout any computsion, constroint, appreF~aion, or ftar of or from her ~aid hvs~nd. "
WITNESS my hsnd and olfic~at seal this 7~~ day of y A_ D. 19
~ / ' 7 c.
~
Notary Public in and ~ the~lftste of Fbrida at large
~ My Commisiron expi~ :
Rerurn io: ?~p~ory P
4ltc, Stole of Florida ef lery~
~ First federal Savingt b loan Astociat~on Mr Con;ris:ion ExF:r~s Jviy ~1, 11T1
01 Fert P.e~ce ~rd~.~ (~y /V~Mricoo F.ro 6 Caw~lly t'q.
Fort Pierce, FloriJa .
3~0~ ;
~ ~ .
This Instrument Prepared By Roblrt J. Bvans ~
F~rst federal Sav+ngs 8 Loan Association ~
of Fort Pierce : _ •t Q t;;
Fort Pie?ce, Florida 33450 . • ~
~fR POITA~S LA. _ .
~ w ~ U E_ .
~~_Er ,taL~IT~ = ~ . : ~ J ' C
{ p Ot;P. T
Lf'1P[ked By - s~s_~____._ ' , C ~~i Li .
~ ~
N~'3 2 - ~ -
4~FP.N'7T ~ ~
dQ~K ' '~~~«;:r,~„~•
, ?A~ 315