HomeMy WebLinkAbout0529 To pix~ and contin~w~ly k~~p on ~M bui:dinps now w Iw••tr.~ ww•ti or tia~d IN,d and on •It sc~~~pmse~ +nd perwn•Uy co~...d by ~his m«q~
p~. w~th all pr~m~vm~ thereon pa:d in full, tin {a~w~nc~ in ~M v~wl u~ndad policy fwm. fn ~~um ~pp~ov~d by ~M 11AORtGAGER. a+d w~~~am
inwr~ in tM viual ~undard pol~cy (wm, in ~~~m approv~d by tM MORTGAGEE, in wch comp~~y a comp~n~a w ~he MORTGAGEE m~y
dir~ctj v~d dl tk~ ~nd wu+daw~m kawaM~ policiN on ~ny of ~+id buildinp~, ~ny Inl~r~~~ tMrtin or parl lhtreof, in ~FN ~qre9~~~ 4vm ~loreu~d a
~n ~chs ~F~wf, ~MII <ontaa+ tM uswl u~ndard mor~9p« dav~ a wch ahK clav~ a tM Ma~ppN rn+y rp~u~, maAinp ~M toss ~nd.~ •ud po1M
ci~s. tach a~d way. paY~bl~ ro i~id MORiGAGEE ~s ~n in~KKl may ~ppNr. .~d .«n .~d .Y«r .,,~n PaKr .n.u a p.~++w~r ~ss y~xd w+d d~li~~red ~o
~ny IrW by wid MORTGAGEE ~s tur~hN ~ecwity to uid matpp~ d~W, u+d, na I~ rMn ~M l10) days tn .d..nc. of ~he ~xp~~•~~on of f~th p0lKy, to ~M- ~
IivN to Nid MORTGAGEE • r~ntwd tMr~of, IopHhN with • rK~ipl for tM p~lmiuen oi suth r~n~w~l; u+d the~~ fhali b~ ~o firt or windsrwm in~urants .
pl~c~d on ~ny of isid buildirgs, ~ny int~r~it 1M~tin or p~~t tM~wl, unlsss in th~ fwm and with ~M los~ par~bb ai afw~s~idr w+d G+ ~he ~vent ~ny tum
ol mon~y becomN paYabls ~~ds~ such potky a polKi~s saW MORTGAGEE ~MII Mw ~h~ option ro receiw and ~pply tM Hmt OA ~CCWnI of the Indobted~
neu s~cw~d hN~by w ro p~~m~t said MORTGAGORS 10 ~~uiw ard vN i1,a any part ~hereo} for oihcr purpases. w~~ho~t ~hercut waiv~~~~ G vnpair- .
inp sny p~iy, lie~+ w riyht undN or by virtw of thii mortypp ~nd In th~ w~n~ wid MORTGAGORS shall fa ~ny n~son fail to k~ep the u~d pr~m~ w '
~nsured, a fail to del~~er promp~ly ~ny of said polKiN of imwanu a u~d MORTGAGEE, a fail prompfly ~o r:ay futly any pt~rnivm ~hereior w in any
r~specf fa(1 M pKfarty diuhar9s, ex~cuts, ~fi~ct, tompl~t~, cornpFy with and ~bid~ by thia covenanl, a~ny par~ htrwf, w~d MORiGAGEE msy pl~ce •~d
paY fp such k.wranc~ a any par~ thKwf witha?t w~fvinp a~ ~N~dinp any opY~on. li~n, puity, or riph~ undN or bY vinw of ~hii Mo.~~a~~. and the <
full amouel of e+ch ~nd w~ry such paym~nt shall b~ in?m~di~~dy ~ and p~yabb and shall beu inrortit fiom ths dat~ thereof unt~ paid ~t tiu at~ ol i,~
n~M pK pntum pN annum and toqtther witb suth interest shall be Ntured by tiN litn of this morpap~.
1. To pamit, oommi~ or iuft.~ no wat~, irnp~'ument or d~tNia~tion of saW p.opxty w any prrt ti+Hwf. ,
5. To pay all snd unp~tu tM cwts, charges u~d exp~nks, includirg a r~asaubl~ ~nw~ey's Fe~ and win of abstr~cta oi title, incvrred or paid at _
.ny tims by said MpRTGAGEE, b~cauw a in tM ~vMt of tM /~ilw~ on th~ put o( tM Nid NIORTGAGOR ro du~y, promptly ~nd fully perl«rn, d~uharp~.
execut~. ~fFact, complets. camply w~th ~nd abid~ by ~ad~ u~d ~vKy the ~tipul~tior?~ prean~nts. conditio~r, ~~d oowoann of said promiswry ~+ot~ and thi~
moregape ~ny w e~~ha, and said costs, charpes ~nd expenset. sach and tvery, thatl b~ immediately due a~d p+yabl~: whether a r+ot ~here b~ notice de-
mand. attempt ro colletl or wit pe~d~np; and ~M full amount of eath and evNy suth p~Yment thall bea~ interes~ from the date thereoi umil paid et the
rate of niM per centum per an~~um; and ail wid costa, charpet and expens~s it~cwred or paid, lopetha with ~uth iMers~t, iF?~II b~ setured by the 1'ron of this
mwtpspt.
6. That (a) in the event of ~ny b~ach of this Mort9~ a defwlt on th~ p~rt of 1he MORTGAGOR, a(b) in tM ~wnt any of sa~d swrq of monsy
herein refxred ro be not promptly and Ivlly paid within thirty (30) days nexl af~e~ tF?e same severatly become dw +nd paysble, without dcmerid u notice,
or (c) i+~ the ~vent each snd every Ihe sfipvlations, ~greahents, conditions and coverunts of ss~d promisaory nole ~nd th~s morlpaye a~y o~ eitFie~ are r.ol
iuly. promptly and fully pertwmed. d~sch+ryed, ~xacured, ~if~cted, campteted, complied w~th and abided Sy. ~hen in e~the~ o~ any such event tM ~a~d ag
fl~e9at~ wm meMioned in s~id promisswy note then remainuq u~paid. wilh imtr~st ~cuusd. and all mo~ys ietured Mreby, shell becomt dw +~nd pay~
abl- fwthwithTw theresf~er, ~t rhs option of said MORTGAGEE, a fully ~nd complttely as if all oi the uid sums of money we~e aiginatly i?~puta~ed
to be pa~d on s~th day, anythiny tn isEd promiuay note w in fhlf Maty~ge lo Ihe tontrary notwi~hstsnding; end tlxreupon a thereafter al the opuon of
ta~d MORTGAGEE, witho~t notice or demand, wit at Iaw or in eqvity, ther~twe or thereafter begun, may be prosecuted u if ell moneys aecwed hereby
had rrwtured prwr to ~ts initit~tiort. '
7. 1ha1 in tlu svent that at tha beginning of or at ~ny Iims pNSdinp any wit vpon this Mortgage, a to fweclos~ 1t, o~ ro refo.m it, or to enfo~ce
paymeeN of ~ny claims hereunder, faid MORTGAGEE sMll apply to 1M- Cowt h~viny jvrisdiction the~eot fw ~M appointmenl of s Receiver, such Court shall
forthwitA ippoint a raceiv~r of said matyaged property all and tinp~?lar, lnclud~~g alt and tirgvlar the incoms, profit~, itsuet ~nd revenws from whateve~
source daived, each ~nd svery o( which, i~ b~inp ~xpressly w~d~rstood, h hereby mortgageii as if ipetifiully set fath and desvibed in the y?antinp and
habcndurn clavses hcreof, and s~ch Rcceiver ihall have ~I~ tM broad and effectivt furxt~ons and powew in anyw~se entrusred by a Court to a Receiva, and
such appointment shatl be made by such Court u an ~dmitted equlry and ~ ma~ter ot absolute ripht ro said MORTGAGEE, snd wi~hout refErcnce to the
edequ~cy w inidequacy of ~he wlue of the propery mortpped w to tM sotvency w insotvency of sa~d MORiGAGOR a the defendann, and ~hat iuch
re~rs, profits, income, issves ~nd ~evenues ih+ll be ~pplied by wd~ Recsirer ucwd~r?p to tM lien w equiry o( taid MORTGAGEE ~nd the practice of such
Court.
8. To dufy, promptly and fuly p~rfam, diuh~rge, ex~cut~, tffact, compkte, comply w~th ~nd ~bide by escfi and evcry tl+e st~pulations, agreemenn,
conditiora ard covcnants in u~d promissory nofe and this mwtgag~ set fath.
9. Th~t in the event the ow?iership of the mortysyed p~emises, a any part thaeof, become~ vested in • penon o~her tha~ the JNORTGAGOR, tR~
MORTGAGEE, its successws and auigns, may, without notice to th~ MORTGAOR, deal with such successor or wcce~sor in interest with reference to this
mo.rgsge and the debt hereby secured in tM s~me mamer u with Mortyspor witFw~rt in any way ritiatin9 a dixharging the /~1or~gagors' Iiabiliry hera
u~der a upon the debt hereby secvred. No sale of tha ~emises hereby morty~ped u~d no fabeara~ce on the par~ of the 1MORTGAGEE a iri successws
or assgns and no eztension of the fime fw tMs payment of the debt hereby secured 9iven by tbe MORTGAGEE w its successors or ssi~g~a, .hall operate
ro release, d~scharye, modify cMnge or effect the wiyinal liability of the MORTGAGOR here~n, either in whok a in psr1. .
10. It is speNfiully agreed that ~ime Is of the euence of this contratt ~nd tMt no waiver of any obligat~on Mreundcr w of the obligstio~ se-
cured hereby shall at any tir~ ti?ereaftN be held to 6e • wahrer of th~ terms hereof w of the ir~strument secured herby.
11. In add~tio~ to the f<xego:~g monthfy peyments of print'pal and inrerest required by the promissory nole secured hereby, mortgagor covenaMs
and agrees to pay to mortgagee with rach n~onthly payment an addirionat svm estimated by mwtgagee to be equal to 1/12 of the annual cost of the follow-
~~9: .
A-AU real p~operty ta:es kvied w asscssed aflainst Ihe above described real estate.
B-Premiums on fice and wind:rorm insuronce as Ix~ein requ'aed to be tarried'orrfl~e-imFrovements situate on the above dascribed p:emises.
i C-P~emiwr.s on wch mortgage gwranty insurar~ce ~s mortgagee shsll from ttme to time deem fit to urry on the Iwn secured hereby.
Mwtgagee shall from t~rrK to time notify mdrtgagor i~ writinp'of thtr amount due and payabfe herevnder and suc.h svm shall thereupon be due and
i ;.ayab!e on the due date of the next rt.onthty payment and each suctessive month theresfter ur,til mortgagee shatl ~otify mortgagor of a change in such
~ r.,-~oum. $uch sums shall be applied by mortgsgee toward the payuxnt of real property taxes, insurance prem.urtss, and mwtgage g~aranty insurance
~ cremiuma.
~ IN WITNESS WHEREOF, the said MORTGAGOR has herevnto sN his hand ~nd sesl the day and year first aforesaid.
~ Sgned, Seakd ~r~d delivered in fhe pres~++c~ of:
~ - AMO RECO~~EO ~ - ,n
~ f `~~~E c~o
~ai?s~A es . orne
s~~ 1tbGER ~~1T COU c~an
~ _ ~.~K ~"~~FO a . orne
. ~,n
~ SiATE OF fLOR10A 44 AH .
St. Luci e ~ M~`
couyrY oF 3~66181
Before me psnonally appeared James ~l. Thorne
- Li nde S• ~1~131.8 his wife, to me well known and known to me to bs
rhe individwb desa~bed in ~nd who ~x«uted ~hs fweyoirg imtrurn~n, and acknowledped befwe me tMt t
hey executed the same iw the purposcs
iherein expreued. Arx! the said Linda S. ~02'11A
+.~fe of tM said .7ames_ N. ~'fOT'i1A , upon a xpuate ~nd privati
e~am~naiwn by me taken separafe and spsrt from her said husband, adceawledped ro and befwe m~ that she exetuted said imtrument freely and votun-
r~~~ly and w~tF~vt ~ny compulsan, cons~raint. ~pprehensan, w 4x of w from her said Iwsb+nd.
/3 ry~y
WITNE55 my hand and officisl seal thia day of A. D. 91_G
wC~GC
~ Notsry Public in ~nd fw.the Sta of ida ~t lary~
~ - My Commiuion sxpires:
~ Retum To: 1~`btory PuW:e. Sto1e of Florido at larab„
First federsl Savinpf b loan Association /~Ay Coum:ssios~ Exy~n~ Jut~ 1~,
~ Of fort P~e~ce. Mwr:ca~ Fn 6 Caauc '
~*~d~ ~ - ~i.
Fort Pierce, F:o~ida y'f~~ ~7
~i
~ ,
~ This Instrurnent Prepared ByJ. HA1 Roberts, JI~. ' .
~ F~rst Federa~ Savings 8~ toan Association
. . ~
of Fort Pierce C: t;-,
Fort Pierce, Florida 33450 q p ~ ~ ~ j~,~.; ~-:~,t:y,
, ao~~~b8 ~E 528 _ - ~
~.hecked By • • _t . J -
~ t
- ~ ~ R • " ~ `