HomeMy WebLinkAbout0091 To pl~t~ and con~inuously kNp on tM buitd~rqs now w Mreait~ ~~tu~t~ or i~id land ~nd on alt cquipmam ~nd perio~aUy cover~d by ~h~~ mor~p~
~y~. with •1) premi~ml Ihe~eon p~~d ~n fu?I, firv wyw~nc~ in tM uw~l N~nd~?d polKy fam, in •~um ~pprw~d 'oy ~n~ Mvic~~aNVii. ~~Ki wh.wiwm
iniuranc~ in ~M ~wai su~dird poiKy fam, in ~ ~um approv~d by th~ MORTGAGEE, in wch company or comp~ru~s ~s ~M MORTGAGEE may
oueu; ~nd dl f'u~ •nd w~nd~w~m ~nsur~nc~ poiK~ on ~ny o1 ~a~d buiid~pw any MI~~~1 1tK~Qin ui F,a+t d~+~of. ~n th: agq:e~.rt fv~+ sfcrosa~d or
in ~ac~u Iha~wf, ihall cont~in fFw uswl ~?uxJud ma~9a~N cl~uu q such otMr tlau~ a tM Mo.~ppN m~y r~quK~. makinq th~ loi~ ~nde+ ~O~~I POIF -
uei, ~ach and •vay, pa~ab~ ~o ~eid 1NORTGAGEE a~ it~ in~tre~t may ~pp~. ~nd ~~ch ~nd ~vay ~vch policy sMU b. P~omP~~y +a qn~d u+d d~lirered to
any held by w~d MORIGAGEE ~s further ~ec~~ity ?o said mwtya~ d~bt, and, nw I~u thre ~~n (10) days in ~dva~c~ ol ~M •,~pir~tcon of ~~cA po~icy, to d~-
Gver to faid MORTGAGEE • renew~l tMr~ol, IopatF~ with • ~~teipl fw th~ p?~mivm ol s~ch r~ntwalj and Ihe~~ aMll b~ no f~r~ o~ wi~xlsto~m insvrant~
ptsced on any of said building~, ~ny iot~resl thtrtin w pul tht?wf, untesf In tF» fo?m and wilh 1M bu payabl~ u afw~sa~d; uid in Ihe event •ny ium
of mon~y becwrw~ payable undsr such'policy w po1Ka~ ~+ld MORTGAGEE ~MII Mw rM op~an to receiw ~nd ~pply ~he iarne on accoum oi ~he inJeb~rd~
ness a~tu~~d hK~by or ro ptrmit said MORTGAGORS to rottiw u+d us~ lt q any psrt Ihereof fa otne~ pwEwfra. vi~thoot th~+evy wai~i:i3 ce unpe~r-
~ng a~y p~ity, li~n a ri9M undsr w by vi»w of tAis mortpa~t ~nd f~ tF+~ ~wnt s~`d MORTGAGORS ~hall fw a~y r~awn iiil to kesp ~Ae uid prsmiset so .
insu•od, w fai) b deliver promplly any of said policief of insvranc~ lo said AAORiGAGEE, u iail promptly to pay ~ully anY Dre~~~iuin therelor or in a~y
~e~pect fail ro p..i«m, d~uM~ge, executa, e(f~ct, complate, tomply wi?h and sbid~ by thii tovenanl, a u+y pa~t hareof, sa~d MGRTGAGEE may p~~ce u~d
pay foa such I~uwanc~ o~ •ny part thereof without waivinp o? afi~ctinp aoy option, li~o. puiry, w ~ight ~nder a by virtw oi th~s Ma~ps~s, +nd fFx ,
f~tl amo~nt of each and ~v~ry wch paymtnt ~hall be immcdi~t~ly dw and pyabl~ and ~Mll b~ar imeres~ (rom ths date thereol u~ul paid a~ the rats o1
nine pa ca?tum pa annum and ro~ether wirh iuch iroe+ost sMll bs s~cured by tM li~e~ of tha mort9pe.
1. To pKmit, cornrnit w iuff~r no waiq, Imp~'umtnt or d~terioration of s~k! propKty ot a~y p~rt 1he~wf.
5. To p~y all and sin~ular tM coats. cl»rgN and ~xp~nss~, includinp ~ re~w~able ano~ney'~ fN ~nd wi~t of ~bstrscts oi t~~te, incurrcd w paid et
any time by ~aid MORiGAGEE, becaus~ or in the ~v~nt of ths failur~ on th~ part of tM said MORTGAGOR to duly, promplly and tutly perlorm, d~schargt,
execut~. effect, compkq. comply w~rh u~d ~b~de by ~ach ~nd wery ~M sYp~rl~?iw?s, ~pree~r~ar~n, conditio.a and oown~~b oi ~~d p.omiuwy note ~nd thi~
morrgpe any w ei~her~ and u~d cos?s, char~es and expcnse~. tach ~nd wery, ~MII b~ irtun~didely due ~nd payable~ whe~he~ w ~ot there bs nofice d~
mand, attempt to collecf or ~uit p~ndirg; and tM full amounl of eath and wery wth paymeM shatl bear interos~ f~om the date theieol until paid at the
r.,re of nine pe~ cemum per annum; and all uid costs, cha~ges u~d expenses incvrred or p~id, topelher w~th ~uch interes~, tha11 be aecured by ths lian of th~~
martpa9~.
Q That (a) in ~he ~vent of sny bre+ch of tha Mortyag~ a tlefwlt on tir pa?t of ths 111~ORTGAGOR, a(b) in the eve~t ~ny o1 u+d wms of money
he~ein referred ~o Ee not prompHy aed fully psid w~thin Ih~rty (30) dayt oext af~e~ tM sam~ severaliy becane dve and p+yable, w~~houf demand a no~ice.
o~ (c) in the event each ~nd every 1he ttipulatiau, ~greementt, conditions and tovenants of said promissory note and th~a mortgsye any a either are no1
iuly, promprly and fvliy pe~famed, dixhargad, execvted, effected, compl~ted, compliad with ~nd ~b'~ded by, tlxn in e1~Fx~ o~ •ny such event tM sa~d sg
gr~ate wm menrio~ed in iaid promiuwy no~~ then remaininp unpsid. with iroer~st xuued. ~nd all money~ secv~ed hereby. ahall becoms dw and pay-
ebte fo:thwith, a ~herealter, at fhe option of uid MORTGAGEE, at fully ~nd completely as if all of ths said sums of money were a~gi~Hlly st~puiated
ro br pa~d on such day, anything in ss~d promiuory note or in this Nbrtya~e to the contrary nofwithstandiny; and thereupon w ft~ereaFter at the opt~on of
sa:d MORTGAGEE, wi?hout notica a demand, wit N I~w w in equiry, fherefw~ or thereafier begun, may be prosecuted as if all moneys secured hereby
nad mat~~ed pnw ~o its iasl~tu~ion. ' '
7. That in ti+s event thaf at the beginning of w at any time pendinp any a~it upo~ thia JNortgage, o. ro foreclos• it, w to reform i~, or to enfo~ce
cayment of any claims hereunde~, uid MORTGAGEE shall apply lo tht Court hsviny juri~drction thereol for 1F~e sp{w~ntmeM of a Receiver, such tcurt shail
fc-!~with appoint a receiver of wid mortgaged property ~II ~nd sinQ~rlar, includ~nq all and ungvlsr tM ir+tane, prof~ts, issues and revenues irom whate~e~
:curce derived, each and evcry of which, it beinp expreuly understood, ii I+e~ebY ~w?tg~ged as it spetifically set fath •nd deuribed in ths ~rantinp aod
neoenAum clauses I+ereof, ~nd s~ch Receiver shall have all the (xoad ~~d eftective tuncf~ons snd powen i~ anywiie entrusted by a Ca+rl lo ~ RKeieer, a~d
i..ch appointment shall be made by wch Court an admitted equity a~d a matter of •bsolute righl to said MORTGAGEE, ud wi~hout reference to the
adequacy w inadeqwq of the wlua of ehe propery mor~yaged or to the wnre?xy w insolvency o( sa~d MORTGAGOR w the defendants, u+d that ~uch
~e~,rs, profits, income, issues and revenuei shall be ~pplied by tuch Receirer accordinp ~o the li~n w puity of said MORTGACaEE and the practice of ~uch
~oun.
B. To duty, promptly and fully perform, dixharge, execute, eifect, complete, comply with and ab~de by each and every tix stipulations, ~greements,
-ond~r'wns u~d covenants ~n sa~d promiuory note and ~his mortgsge set fwth.
9. TMt in the eveM the ownership of the m.wtgsyed p~emises, w any psrt tF~ereof, becomes vefted in a person other than the MORiGAGOR, tFy
~•ORTGAGEE, iri successas and aaaigns, may, wi~hout notice to the MORTGAOR, deal with such suctessor a wcceasor in interest with ~e(erence to tl~ia
~rc-tgage snd the debt hereby secured in ihe aame manne~ as with Nbrtyaypr without in aoy way vitiatiny ot ddttharging the Mo.tgagon' liability here-
~~der w upon the debt hereby secured. No sale of Ihs Fremisgs hereby mortys9ed ~nd no fabearance on tM p~rt of the,MORTGAGEE w its successors
c• ass~gns and no extcns~on oi the time fo~ tM p+yrt+em of fhe debt hereby secwed piwn by.tht MORiGAGEE w iri svccesson a ass~yns, sSull operate
~c retease, discharye, modify charqe or affect tM oriy~rNl lisbiliry of ~he MORTGAGOR Mrein, ~ither in whde or io part.
i
)0_ It is speufically agreed ~hat tirrse fs of the esssnce of tfiis conlrad and IhN no w~iw~ of ~ny obii9asion Ixrew~der -or of ths obliga~ion sr ~
c.~red hereby ths1l st any time thereaher bs hetd ro be ~ waiver of the terms hereot a of the insfrwnent secvrsd Merby.
11. In add~t~o~ to the fwcgo:ng monthly payments of princ'pal and interest requ~red by the promissory nore secured hereby, morrgagor covenants
d agrees to pay to mortgagee w~th each monehly paymenf ~n addiriw~~l sum est:mated by mortgagee to be equal to 1 j 12 of ?he ann~al cost ot the follow-
A-All ~eal property taxes le.~ed or assessed agafnst the above dexribed real estate.
B-Premivms on fire and windstorm insurance as herein reqv~red to be carricd on the improvements situate on the above descr~bed premises. ~
C-Prsr?;ums on svch mortgsge guaranty insurance ~s mortgagee shall from r~me to time deem fit to carry on the loan secured hereby. }
Mortgagee shatl from time to time nwt~fy morlgagor in writing of the amount due and payable hereundrr and auch wm shall ti:ereupon be due and ~
' :~,ab:e on ths due dau of ~he next monthly payment and each successive month thereafter wti~ morty~qee ahall npt~fy mortgagor of s chsnge in wch €
ovnt. Such sum~ shaN be appticd by mortgagee toward the paymcnt of teal property taxes, iroursnce prem:ums, a~xl mortgage guaranty irsurance ~
~ ,..•c'~T.iVms. ~
I IN WITNESS WHEREOF, the said MURTGAGOR has hereunto iet his hand and se~l the day and yea~ first s~oresaid. '
I Siynad, Staled and detivcred in tlx presence of: y-
~ ~~1_ _ ~+~M/~ ~Seal)
i 'Dorsey onea ~.n ,
~ - ~-~1E'~,,~.~/iQ~(Seaq ~
ai e ones ~i ~
(Seaq
StaTE OF FLORIDA 1
St LncLe ~ ~
"~?llNTY OF ' (
Defore me persorally appeared ~~e~ J~@3 •nd
- ~A~ JOTIBS his w~fe, to me well known ~nd known to me to be
e ind~vidwb desu~bed in ~nd who exec~ted tha fweyo'ag inshumenf, and ~cknowkdped befwe me that they executed the_tarae for the purposes
a~~~~ expressed. Md the taid K81~9 J01199
..;fe of the said DOl'86] tT0~198 ~,~,.i=-.' '
~•am~natio~ b me taken se rat~ ~~d a art irom her iaid husband, ~~~'+~•~s~.~^~ P~'~~t~
y p+ p ~cknorwledped to ~nd befor~ me that she executed s;fd,in~wnC~t i~ealy snd volun-
~:-,iv and without ~ny tompulsion, tonstrainf. ~oorehension, a feu of a from her said sb~nd. ~ im "'ti y~y
~ WITNE55 my h~nd and offic~al seal this _
1r~..Z` day of ' • ~~::D,-19_-1
' 1 •
~ Not~ry Pv in and fa the Sfy'e.of' i~i 'ak (~it•
~ My Comro ion eapird: ' , : . 'i!~~
~ Retum To: i`
~ Fir:t feder~l Savings ~ Loen Association f~~n~ a~-~!
,
of ~a„ V~erce. Np1a~Y ~R• Slate o a 1980 -
Expires Dec. • ;
- Fort Pierce, itorida ~pHltllf5 ~~Y
h ~u iw ~ Ca~+rr
f
~~~OY~~~P~ ; ~
This Inssrument Prepared By IE MTM ~
CSr01 B. Btltns ROCEa MITA~f
F~~st Federal Savings b Loan Associat~on r,l ERK CIRCUIT COURt :
of Fort Pierce - ~ ~p~~ vct~~ffEO '
Fort Pierce, Florida 33450
n///~~~~~~ ~ ~UN ~ 2 ~9 PM ~~I~
, ~~n:ked By I , '
r, R ~u~ hlGf g
eou~c 1 36~~~
. ~
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