HomeMy WebLinkAbout0357 To plac~ ~~d cominuously kNp on ~h~ bui~d~nye now o~ Mr~aflN ~it~aN a` faid land ~nd on ali puipnen+ ~~d perwn~:ly cov~rtd by this ma~9.
•p~, w~~h all prem~ums ~hereo~ pa~d ~n futl, fi?e iniu~~nc~ in th~ uswl suoda~d polKy lorm, in a ium approv~d by ~h~ MUk~G~GEE, e+~d winJs~orm
tnsur~nc~ in tF» utual ~tandard po~~cy fo~m, fn • tum ~ppov~d by tM MORiGAGEE. 1n ~uch compa~y u comp~niea +s th~ MOkiGAGEE may
d~rec~; ~nd aU (ire ~nd w~rul+to~m iniurant~ polici~s on ~nY of uid build~nqf, any Inhrefl Iht~ein or p~r~ Ih~reol, in 1F» ~gg~ey~~e w~n afa~t~id or
In ~Yt~u Ihereof. ah~ll ta+tain Ih~ uswl st~ndard mort9+QN cl~us~ p~uth o1hH c~auN ~s IM Mw1ya9N m~y reqv~r~, m~?inp ~Me iots unde~ •a~d poli-
c+a, ~ach and ~ve~y, pay~W~ to ~~id MORiGAGEE as ~ts intae~t may ~pp~ar, u+d ~ach a~d ~very ~uch pol~cy ~h~11 k~ p~on+pt~Y ~ss gnfd and detivQ~ed ?o .r
~ny heW by ~cd MORfGAGEE as fur~hN secu~ity ~o ?~id mo.~yp~ d~b~. ~nd, ao~ I~u U»n ~~n (10) days in ~dvsnc~ of tM ~api~~uon ol e~ch pol~cy, to d~-
I~~p to ~aid MORiGAGEE a r~newa~ thercof, tofltthN with a ~eceip~ iw Ihe pr~mium of wch «~twalj ~nd tlwr~ ihell M no f~re or w~r~dito~m insu~~nc~
plst~d on ~ny of s~id b~ild~np~. ~ny inraeat Ihere~e w part tM?wf, unleu in tM fo~m ~nd wi~h tM loa payab~t at afores~~d: and m ti+e •vent ~ny sun?
of mon~y becomef p~yable unJa such policy a po~Ki~s wid AItORTGAGEE sMll haw tM option ~o ~euiw ~nd ~pply the tanx on accoun~ of the indebt.:d-
ne» ~ecartd F~~by a ro permit s~id MORiGAGORS to receive ~nd us~ h a any pa~1 the~eof lor o+her purposei, ~•+~~ho~t ~h-r~u~ waiw~•~~ or ~~:,p~~~•
ing a~y puity, lien or ~ght under a by virtw of this mo+tpp~j ~nd in tht ~v~nt ~a~d MORTGAGORS ~MII iw ~ny ~eason i~~l to keap ~i+s sa~d prem~sei so
~nsvred, w fail ro delive? promptly ~ny of uid policies of insura~t~ to ~aid MORTGAGEE, w iail promptly to pay fully any pre~n~um therefor'a in a~y 1
respecf (ail to p~rfarrt, ci~scharge, axetute, ~lfw•t, comple+e, canply with artd abide by 1h+s cov~v~anb o~ +ny pa~r hereol, se~d MORTGAGEE may p~ace and .
pay for ~uch insurence w any pu~ tharcof without waivinp w aifectlrp ~ny op~io~, lien, ~qv~ty, or rph~ unde. w by vi.tu~ ol ~his Mo~fgage, ~nd ~hc
f~ll amount of each sod every iuch payrrKM shall b~ immediat~ly d~e1aod p+y+bb ~nd iMll be~~ inte+est from tM date thernof u~til pa~d at ihe ra~e ol
n~ne pe~ cen~um pe~ annum and togethrr with such intereU shall be setured by IM IiM of this mw1~+Qs.
To permit, tommit or sufft~ no wut~, impairment a d~teriwation of s~id propatp o~ any paH thertof.
5. To p+y all and sinpvlu ths costs, chup~s +nd expensaf, inctuding s~e~son+bM ananey'~ fee and cosn of abst.+crs of t~ele, incurred or paid ai
any time by sa~d MORiGAGEE, bac+uss or in t!a ~v~nt of tlw f~ilu~t on tM p~~t of tM said MORTGAGOR 1o duly, piomptly ~nd (ully pe~fwm, d~xMrqe,
exec~fe, ei(ed, complete, comp~y w~th e~d ab:d~ by ~ath ~nd every the ttipul~tia?s, aqre~ments, conditions. ~nd covenams of seid prom~ssory note +r+J ~his
morTg~ye any w eiiher, and sa~d cwra, charget ~nd eapenses, e~ch arxl ~very, shall be immedia~ely d~s and p+yable; whe~her a not the.e be notke d>
mand, attempt to collect or tuit pend~ng; a~d 1M full ~mount of eath ~nd wery tuch payment thall bea? intare~t from the dare tiiereof until paid a1 ~he
~.,te of ~~.K per cenrum prr anuum; and all said cost~, charges and expen~es incurred a paid, ~oflether wAh such inte~est, shall be ~ecured by the lien of th~s
mortyag~.
6. That (a) i~ ~he eve~t of any brexh of lhis Mort9~e w def~ult on ths p+tt of tF~e MORTGAGOR, o~ (b) i~ tF?e svent •ny of sa:d sums of money
herein reterred to be ~ot pranptiy ~nd fully paid within thirty (30) dayf neat after th~ ume severally btcortie due and payable, wi~hout drmand or notice.
or (c) in the e~ent each and every the stipulatiorn, sgreaments, conditions snd cove~antt of ia~d promiuory note snd th~s rtw+tgage any w e~ther are not
iuiy, promptly and f~lly pe~fwmed, d~xMrged. eaecu~ed, f~~KtlCI. completed, compFied with and ~b~ded by, then in e~thr w~ny such evem the said ag-
gregate wm mentioned in said p~omisaory note then remaininy unpaid. with interest ~cuved. snd all moneyt aecurcd hereby, sA~ll become dw and p~y
eo,e (athwith, w thereafter, at t!x op~~on of ss~d MORiGAGEE, ~s tully and comple~e~y as i( sl~ of the said wms of money were a~gin+tly snpulated
ro be pa~d on svch day, anything in sa:d prom~sso~y note w in this Mortgaqa to 1he contrary notwithstand~~g; and ?hereupon o. theresher ar 1he opr~on of
se:d MORIGAGEE, w~thout nor~ce w demand, suit at law a in equity, therefwe or thereafter beyun, may be prosecuted as if aIl moneys secured hereby
r„~ maturlt~ pn0~ to ~ts in3tiWtipn. .
7. That in the event that at the beginn7ng of w al any time pending any tuit upon this Mortgagt, w to fweclose it, w to reform i~, or to enforce
payment of •ny cla~ms here~nder, said MORTGAGEE shall apply to the Gourt having jurisdiction thereof fw the appointmeM of s Receive~, wch Co~r! shall
fcrrhwith appoiM a receiver of said mort9aged prope~ty all and sinpula~, intlud~ng all +nd fingular the income, proflls, issues ~r.d rcvenvea from whatever
~ovrce derived, each and every of which, i! beiny expressly understood, is hereby mwtgaged as if specifically' set fath and dettribed in the granting a~d
habendum clauses hereof, and such Receiver sMll Mve a~l Ihe broad and ef(ective furxnons and poweri in anywise entrusted by ~ Cour~ to • Receiver, and
~ s_ch appointment shalt be made by such Couit as ~n sdmitted eqvity and ~ matter of abso~ule right to ~aid MORTGAGEE, and without referente to the
edequacy or inadeq~acy of the vaiue of ~he property mortp~ged or to the w~vency a inwlvency of uid MORTGAGOR a the defendants, and +hat such
re~rs, pro(in, income, iasues and revenues shall be applied by such Reteive~ ~ccadinp to the lien w puity of said MORTGAGEE and the practKe of such
Court.
8. To dufy, promptly and fully perfwm, diuharge, execute, effea, complete, comply wilh ~nd abide by each end every the stiputations, agreements,
conditiona and covenan~a in w.d p~anissory note and thif mottgage set fath_
9. Th~t in 1he event the owncnhip of the mortgaged prem~us, w any part tne~eof, betomes vested i~ a person ofher Ihan the MORTGAGOR, the
k.ORTGAGEE, it~ success;ws and au~gns, may, without notice to the MORTGAOR, deal with tuch successw or tucceswr in interea~ with reference to this
n,o•fgage and the debt h~reby secured in the same manner ~s wirh MwTgagor without tn ~ny w~y viti~tiny or d~uharg~ng the•tAortyagori liabit~ry here-
unde~ or upon the deb~ hereby secured. No sale of the premixs hereby mwtpped and no fabearance on Ihe part ol the MORiGAGEE or its successors
or ass~gns and no ext~nsion of the time for the p~yme~t of the debt hereby ucured yiven by the MORTGAGEE or its successor• u ass~gns, atiall operate
io rcteau, d~scharge, modify change w affect the wig~nal liabifity of the N1~RTGAGOR h~r~in, eithsr in whole a in part.
10_ It is spec~f~cally agreed that t~me b of the esse~+te of thi~ contract and that no w~ive? of sny oblig~ta~ htreunder or of the obligat'an se-
c~~ed hereby sha?i ai any time tFxreafter be hek! to be a wairer o) tht terms herwf a of the imtrumeN satured herby.
11. In add~t~o~ to fhe fwego:nq monthly payments of princpal and interetl requi~ed by the promiswry note secured herzb~, mo:fga~or covenanis
and agrecs to ~y to r!o-rgagea v:~±h ea%h m~th~y ~y.~...t a~ ead:re~nn! aum es!emated by mor~gagee to be equa) to 1/12 of fhe annuat cosr of the follow-
A-All real property faxes levied or assessed agai~st the above dexribed resl estate.
B-P~etr.~ums on fire and wl~dstorm insurance as herein requ~red to be carrird o~ the improvemeats situate on tF~e above descr:bed premises.
C-P~e~aiums on wch mortgage gwranty in:urar~ce ~s mortgagee shail from t~me to time dcem fit to carry on tlx ban secured hereby.
/ulortgagee ihail from t~me to t~me ~otify mongagor in writing of the amount due snd payable hereunder and such sum shall thereupon be due and
( Fa~abte on the due date of the next mo~thiy payment and each successive month thereafier ur.til mortgagee shall polify mortgagor o( a change in such
I a- ount. $uch sums sF.aN be appiied by rtartgagee toward tF+e payment of real property bxes, imurance prem:yfi~a, and mo~tga ///gu~~~ara~ty inwrance
` emiUmi. ~ n
~ ~ ~ ~
IN WITNESS Y~HEREOF, the said MORTCsAGQR hss hereunto s~t his hand snd ual the day and year: ~iru aioresaiti.
t
Siyned. Sealed and delivered in the presence of:
~
~ ~ r~- ~ James C. "Carels a sin e~~nlt
~ T (Ses4
~ - i ~ i c? 1 • s` _ - i _ , _ (Seal)
SiAiE OF FLORIDA ~
Td1C~@ ~
~OUNTY OF `St. _
Before me personally appeared Ja1~9 C. Ca2'@19~ a S~1g1A 8d111ti ~
~
~ to me well kroam avd knowii~ to 'ioe to be
~hr individus! described in and who executed the {aepoinp instrument, and acknowledped before me tF~at he: execvte'd,'tb~•~li+ie~?•JhE,.Qi+tp~ses
rherein expressed. ~Y~ ~a~.f T "•,`s='_
~ ;
JE?P H7~.~~C~'dx~IC~ei[E ~ _
X~l~~7l~OL]LSDQ~f6f[i]0~]]I~ JC~O~~ , • ~ ~ ~ , ` ' _
1
~ ' y
WITNESS my hand and officul ~eal this [ d~y of . .~c D.;ti9 7
r • - ~ n~ . -
- :l• ! _ f - _~1c`~`!~ .s.• -
~ ~ / ~ . _ ' .bys .y` 4 `v ~ •
t~
c. Notary Public in and for the SUte of~,~iD'ridA+.iR;larye ~
~ My Commission ~apires: ' r ' ~ ~
~ Return To: , , • ' ` \tl ~j
. l
~ first Fedeul Savings b loan Association . ~ ~ _ ,
~ Of Fort P•erce. ~ - ~
Fort P~erce, Ftor.da K~:s: "
~
~
This Instrument Prepared By R. E. Poindexter
F~rst Federal Savings 8 loan Association p
of Fort Pierce ~ LE~ ~ REM~Y pL~. '
Fort Pierce, Florida 33450 O R S~. P~fR
dj~S `
. fqK C?ftCUlt COURt ~
~=t,ecked BY - e~aK 269 ~E 35? _ ~~r ~ vt~~F~EO~"'
3 g 25 AM ~11
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