HomeMy WebLinkAbout0320 To pi~ce and continvoutily keep on th~ bu~ld~ny~ ~ow a Mnaitar ?ituat~ or ~~id I~nd ~nd on ~1; cq~ipmenl ~nd {xrson~lly covered bY ~h~~ rrwr~q.
egs, wilb all p~tmi~ms Ihtreon prd in luil, hr• insurant~ in ~he wwl s~•nds~d poircy fo~m, i~ • wm app~o+.d b,r the MGR~G~GEE, a~~d '«~ndstorm
~nsunnc~ in the usual ~fa~~Jad poi.cy torm. in a wm app~oYed by ~M MORTGAGEE. in such tompany or compa~~~es as ~hs MORTGAGEE mey
d~~ecr, and •11 (ire •nd wind~~orm insura~c~ poiitie~ on any of ~eid buitd.~pf, sny interef~ theeein or p~rt thercof, in ~he ~ggrega+e ~um •io~e~a~d w
in eaceu Ihereol, ihall contain IM utiwl ~tandsrd matpape~ d~uH w tuth other Nws~ at IM Mwt9~pee m~y req~:r~, matiinq tM io~i unJe~ sa~d pol'r
c~es, each ~nd every, payabk ro said MORiGAGEE as ~ts intereu m~y app~u. ~nd e~ch ~nd we~y ivch pu~~cy ~MII be prump~~y •~a pned a+~d dei~~e+ed ro
eny heW by u~d AtiORiGAGEE a~ fur~Mr tccu~ity to uid :rwr~papt debt, u+d, nW I~s~ ~han ~en (101 dayi in ~dvance of ~he expir~~~c~n ol each poi~cy, to d~-
I~ver fo iaid MORTGAGEE a rertewat therwf, ~ope~Mr wiih • reteipl ia the pr~mium oi svch rtnewa~; snd thero thall be na Gre or w~ndsw~m inwrance
placed on any of seld b:,~ld~~qs, any in~cretl iharein or part tMreof, unles~ in ~M (orm and with ~M toss paysble as aio~au~d; +nd in ihe evenl any svm
of motHy lxcomes payable under fuch polity a polici~~ ti~id MORTGAGEE ~hall Aave ~h~ opt~a? to reteive ~~d +pp~y ~he s~me w+ eccou~~~ of the indeb+rd
ntit fKWCd F1l~lby OI 10 pO~mil slid MORTGAGORS lo receive and Nff If W•ny pd~t thCruO~ f0~ Otnt~~ pur{-`v~Ni, v~~~no~t tht•<<~r .ti~i.: i+~ ~"~P~'~'
in~ any puity, lie~ w r gh~ under w by virtw of Ihii morty~yej ud in 11?~ ~vao~ w~d MORTGAGORS +hall fw any r~awn fa~l to keep ~he uid ptemise~ so
insvred, a fail to deliver promptly any of said po?icies ol insur~ncs 1o ta~d MORTGAGEE, a(ail promptly to pay fulty any p+e~~~u~n ther.for or in anV
respect fail fo per(am, d~scharge, execute, e(fed, tomplefs, comply with and ab~d~ by this tovenant, w~ny part hareoi, sa~d MGRiGAGEE may p~ece a~d
pay fo~ fuch int~rartce or ~ny part fhereoi without wafvinp o~ ~fiactinp ~ny option, li~n, pu~ty, or ri9M unde. o. b~ vn1u~ of ~his Mwfge9e, ~nd ~he
f~it unovnt o) each and every such payment ~hall b~ 3mm~diately dw ~nd p~yabl~ and shall bear inleres~ from the date thercot until po~d a~ the rate of
n~~,e per centum F.er ennum and roge~her with such intere~r shali be secured by the litn of this mortyaye. '
l. To p~rmit, commit w wtfer no wast~. impairrtunt w deleriontion of said ptopery q~ny p~r1 thtr~oL ~.J
5. To p+y all and sinpular tM costs, chugea and eapense~, incl~d~~p a reason~bl~ ~»wney i fee snd costt of ebstrac~s o( tiNe, i~curred oa pa~d at
eny time by s~id MORiGAGEE, becauu w in the event of the ~ailure on tht pan of Ihs asid MORTGAGpR ~o du~y, promptly and futly pertwm, d~scherqe. .
A.rc~te, etfed, complete, comply w+Ih a~d ab~da by each sveryr tM stipul~tw~s. ~greemeNS, co~ditions, snd tovenaNS ol said promissory note a~d ih~s
~~or~gipe any w e~~hcr, and sa~d costs, char9es and eapenaes, esch and every, sMII be immediately due and payable; whcther o~ ~ot fhere 6e not~ce da
mand, a~tempt to collect or suii pend~ng: u+d ~he f~ll amount of each and erery such paymen~ sha~l bear in+cresf from ~he da~e thereof unf~l paid at the ~
..,re o~ nlne per crntum pe~ annum; and ~fl iaid costs, charges and expe~saa incurred o~ paid, togethet wuh such interest, •hall be iecu~ed by the Gen of thi~ ?
mor!9~9e• i
6. Thal (s) in tFw evsM of any breach of this Mortysy~ a default on ths paA of the MORTGAGOR, a ib) i~ ~he event any of said sums af money
here+n rofe~red to be ~ot pranpr{y and futly paid within thirty (30) daya next aher the •ame severolly becoaie due and payaUle, w~~Fwut demand o+ nonce,
or ;c) en the event eacF? ar.d ~very ihe stipulations, agre~men», conditions and coven~nta oi sa~d promiswry note and th~s mo~igage any o. e~ther are Rot
iuly, prompfly and fu11y pe.iwmed. d~schuged. execvted. effected. complefed. compi~ed w~rh and abldcd by. ?he~ in ~i~her w sny such evem the sa~d ag
gregare avm meNioned in aeid promiuory note then remaininp unpaid. with iNerat acuued. and atl mon~ys ucw~d hereby. sFuli becomt due and p+y
ab'e forthwith, a lheveaf~er, at the oprion of se:d MORTGAGEE, as fully and comptetely as ii all ot the said suma of money were a~ginelly anpulated
to br pa~d on such dsy, anythinfl in sa~d promissory oote w in this Nlortgage to the con~rory notw~thftand~ng; and thereupon a thcreafter at ~he opt~on of
sn:d MORTCaAGEE, w~thout no+~ce or demand, auif at taw w in equity, there(we or thereaiter begu~, may be pro~acuted as if all moneys iecured F?e~eby
nad matured pnw to ds instit~tioo_
7. That in ti+e event that at the beginn~~g of w ~f any time pending any suit upon thia Mortgage, w to (oreclose it, or to ?efwm it, or to en(orce
payment oi any da~ms ha~eunder, ssid MOltTGAGEE shall ~ppty ro the Court havin9 jur~sd[aion thereof for the appomtment of • Recewer, such Cw.~ sha~l
forrhwith appoint a receiver of said mwtgaged property all and singular, includmg all and a~ngulsr ~he income, p~ot~~s, issues and reve~ves irom whatever
sov•ce derivtd, each and eve?y of whrch, it beiny e~epreu+y understood, is hereby ma~gaged as if apecif~cally set iorth and dewibed in the granring and
habendum cl~usrs hereof, and such Rsceive~ shall have al~ the brwd and eifective funct~o~a and powers in anywise entruited by a Cou.1 to a Receiver, snd
s.ch appointment shall be made by such Court u sn sdmitted equify and e malte? of absolu/e righl to said M~RTGAGEE, and wirhout reference to the
edequecy or inadequacy of the valve of the prope~ty mwfgaged or to the soivency or ~nsot~ency oi sa~d MORiGAGOR or the defendanis, and th~t such
renrs, profits, income, issues and revenues shall be applied by such Reteiver accord~~tg to the lien or equity ot said MpRTGAGEE and the practice of s~ch
Court.
8. To duly, promptly and futty pertorm, discharge, execute, efiect, complete, compty w~+h and ab~ by each and every the stipu+ariens, agreements,
ccnd~rions and covenan~s ~n sa~d prom[ssory note and thfs mortgsge ut forth.
9. That in the event the ownerihip of Ihe mortgaged premises, w any part thereof, becomes vested in a pery~n othe~ than the MORIGAGOR, the
:.~RTGAGEE, irs successo~s and auigns, may, without norice W the MORTGAOR, dea~ with such wccessw w successo. ~n ]nterest with referefxe to th~s
;~~gage and the debt hercby secured in 1he same manner as witF~ Mortgagor withoul in any way vitiating or d~xharg~ng the Mcrrgagors' liabiliry here~
.,^dz~ or u~ the debt hereby se~wcd. No sale of the premiies hereby mortysged and no fwbearance o~ 1M pan of the IlIORTGAG~E or its successors
or aes~9ns and no extens~on ol the time for the payment of the debt hereby ucured qiven hy the MORiGAGEE or its wccessors or ass~gns, sEiall operate i
ro ~e+ease, d~scharge, modify ct~ange o~ affect ttie originat liability o( the MORTGRGOR herein, eithe~ in whole or in p~rt.
10. It is spec~ficafty agreed thaf time is of the essence of thls conrnd and thst no waiver of any obl~gaNOn hereunder w of the obligation sr
cvred hereby sF~all a~ any timt 1F?croaher be held to be a wsiver of tht terms hereof ot of the tnstrument secured'herby.
I 1. In add r.o~ to the ldego'ng rnonihly psyments of princ'pal and iMerest requi~ed by the promisso~y no!e secured here`u~, mortga~ar covenants
~~.d a~+ees to pay to mongagee v~:~th each mor.!h!y payment an add~rional sum esnma~ed by rtwrtgagee to be equal to 1/12 of the annual cost of th? follow- i
,
A-A? real prope.ty ta,crs levled a assessed agai~st the above desaibed.real esrate.
B-Prem.fums on fire and windsrorm ir+surance as herein requ~red to be carried on the ~mprovemeits s:tuate on the above described premises.
C-Premiums on such mortgage gua+anty insurar,ce as mortgagee shall from time to time deem f~t to carry on the ban secu:ed hereby.
Morrgagee shail frcm i~me to t'une notify mortgapor in writing of Ihe amovot due snd payab~e he~eunder and such su~n shafl thereupon be due and
a
I .~,ab'.e on the due dare of the next momhly payment and each succeuive month thereaiter u~ti! mertgagee shall not~fy mortgagor of a change in such .
i :-o;n!. Suth sums sFail be applird by morrgagee toward the payment of real property ta:es, insurarxe Frem:ums, a~xl mortgage guaranty ir.surance
~ e~r~ums.
~ IN WITNESS ':JNfREOf, thb siid MORTGAGOR has hereunto ut hia hand and seal the day and r iirst atores '
~ _ Siyned. Sealed snd livered in the preseete of:
c_. 2~~^~~ ~ ~an
~ _ l7!- Sr •=i • 9q cseap
~ / ' ~ ~ , /CY~. (Seal)
,.~L ~"'a ~Z • ' , n (Senl)
~mt~oFx DIST~ICT OF ,
:~~~K COLUMBIA ; ~
Before me penwully ~ppeared Rolaad A. D~OII end
~,,.un=,~,u, MaY~~~ L.. DfOII h~s wife, to me well known and k~own to me to be
a individ~dh, dest,~ in and who e:ecu~ed the fore9oirg imtrument, and acknowledged befwe me that they executed the same for the purposes
_ .,ry .~~iwfd,~• ~
~ ~.;a ~ M~z jorie L Dioa . '
~ f e ot t{~a i~i~ - upon • Mpuafe snd priwte
e..~r.,maf~'~ ' fa~ ra~'~nd apart from her said husband, acknowledyed 1o snd before me that she executed said jronutnent fre~ly and volurr
~ar~~y atid wnthou~py;y~mpu~yiaA. "sonstraint, apprehens~onLOr fear of or from 1ar said Fwsband. • *
' VNTtf1E my-Mr ~a~~of~juaf ual this ~~L- day of ~ A.~ D. 19 7_
i. ~ t'~ ~ ~ ~ ~O ; ' ~ '
~ . ' f •
- ••••_~v~' No Pvblic in and for tht 6?a4~~4•ibri /~~S /'K~V
-•i • f~ F~~~,~?•` , M Commisa~on •apiresc I t'1 ~ I H~ 1 4 S`~ L~•~MIw a
~ ~ R~turn 10: ' ,
~ F~rst iederal Savings b Lo~n Assxiat:on .
Of fort P:ecce.
;c~~-, Fort Pierce. Flor~d~ 36~3~ .
~
filEO AN~ RECQROEU
this Instrument Pre ared 8 RObfrt J. B~tasis J=. ST.UlCi~ C01lNTT fiA.
p Y ~ 4i0._R ~OITRAS
F~rst federal Savings 8~ loan Assouation ~~.~F~ C~=.U~T CCLP,`
~ of Fort Pierce ' "`+F~
Fort P~erce, Florida 33450
NM 13 2 ~PM'~1
:~Pcked By ~ = -
- a~268 3~9 }
.ra ri