HomeMy WebLinkAbout0359 J. To place and conrinuousty kHp on +M buitd~np~ now w Mr~d~N Ww~ts or ~~~d land a~+d on ~U cq•.,~~nent and p~r~onslly cowred by ihis ma~9.
•g~, with ~11 pr~mium~ ~hsreon pa~d in (uil, f~rs insur~na ~n 1h~ v~wl N~ndard poGcy to~m, in • sum ~pwoyed by th~ Mt7Rt'vAGtE, •~~d w~~ufi~wm
inw~anc~ in tM uswl •tandard po~ity 1am, in • iv+n •ppro~.d by th~ MORTGAGEE, in ~uch company o+ tanpan~ef a IFu MORiGAGEE may
d~r~ct; ~nd all lir~ ~nd wi~tam infurance polititt on ~ny 01 Nid b~ild~~+y~. sny inta~sl tl+e~cin or p~r1 thereof. in ~M ~g9ropa~s sum ~Iwew~d a
in ~ac~ tM~eof, tMll coobin tM uswl it~ndud morty~yN clauw w~uch o~ha claw~ ~t tM MatyayN m~y reqwr~. m~~inp ih~ ioss u~ak~ fs~d Vuwr
des, ~~ch and wtry, paysbl~ ~o uid MORTGAGEE ~t~ imcre~t may ~pp~a. and e~ch ~nd eve~y iuch po+~cy ~MSI be promp~ty ~ssqnaJ ~nd deuve~~d ~o
•ny Mtd by said MORiGAGfE ~t (urthw secvrily to s~id mort9p~ d~bt. ~nd, no~ I~u ~Mn i~n t101 da~~ in advanc~ of ~M expir~~i«? ol e~ch po1KY. to d~-
fiver to ~~id MORTGAGEE • renewal tMr~ol, toqe~M~ wi~h ~ rKeipl fa th~ pemiwn oi ~uch ronewel: and ~her• sMll be r+o I~ro or w~nd~to~m 7niur~nc•
plsced on ~ny of s~id bu+ld~nps, My IOtlfN~ IF1H~if1 M par~ tMr~of, vnks~ io th~ form ~nd w~eh ~M loss payable as a~o~esaid; ar~d in the event any sum
of moewy becomes payabM undar ~uch polity w policiss uid MORiGAGEE ~MII Mve ~M opt~oe~ ~o rece~ve a~x! apply the san+e on +cco~nt of the indebt~d-
~ess sKUrad htreby a ro pe~mit sa~d MORTGAGORS 1o reCtiw and uN if p any parl ~hereof for other pu~E~uset, vr.~h~~ut ~h:r.ui wa~v~.~~ or ~~np~~~-
i~y any puity, lien a riyht voder a by virtu~ of ~hi~ mortp~p~: ~nd in ~h~ went ~Ed MORTGAGORS ~MII fa +ny ~eason f~il ~o ke~P the u~d p.an;us w_
insvred, or isit to deliver promptly any of said policies of in~u~anc~ to said MORiGAGEE, o~ fai! promptly !o pay 1ully any pre+~~~um thcre~or a in e~y
respsc~ faif ro periorm,, dhcherge, e:ecu?e, e(fec1, complete, comply wirh and abid~ by ~hia covenant, a any µ+r~ hrreoi, seid MORTGAGEE nuy p~ace a~*d
pay fw such Iruuranc~ w ~ny part thereof without w~ivinp w af(«tinp ~ny op~ion. I~n, eqv7ry, or r;gM under a by vLtw o( ~I.iti hlOtlysyl. and ~he
f~ll amounf o( each and evKy iuch p~yment shalt b~ imrt?ediattly dw and p+ysbl~ ar+d sMll bsar intere~~ from Ihs date ~hereof vnril pe~d ~t the rar~ 01
n~ne pe~ centum p~r ann~m and together wi~h ~uch intares? sf?aH bs ietured by tM lie~ of this mwtpege.
4. To pt~mil, commit w tuffq ~o wul~. Lnpairment w d~taiaet~on of ~aid propaty a any part thereof. !
ti„~..
S. To pay all and sinqulu fh~ costs, chup~s and exp~n~es includirq a reasonabl~ attorney's fce and costs oi abstrscb oi ~~tle, incurred or pa~d at ~
any time by said MOR7GAGfE, b~tavss or in the ~ven~ of the f~il~r~ o~ the parl of tM said MORTGAGOR ~o dulY. promptly and fully perlorm, d~xi~arge.
e¦eculs, tffecl, compiet~, comply w~1h and ~bid~ by tath and ~very tM ~tipulstwnt, agreemenq, conditions, ~nd covensn» oi said p~omissory note and this
mortga9e any o? ei~her, end sa~d costs, charges and expenses, e+ch and ewry, sha~l b~ immedis~e~y due and payable; whe~her or not thero be no+~ce d~
mand, attempt to cdkct or suit p~nd~rg; u?d tM (ull amount of each and wery s~ch payme~~ shatl tx+. ~nterese from ~he date ~FKreof until pa~d at the
ratc o~ n+ne per cent~m per annum; and all s~id tosfs, tharges and expensts inturred or p+id, togefher wdh such imerest, sha~l be tetured by the lien of thit
nwrtflsge. •
6. That (a) in the event of any breach of this Mort9ayt w d~faull o~ th~ part of the MORTGAGOR, a(b1 in the event any of ia~d svms of rr.oney ;
i~erein referred to be nol promptly ~nd fully paid within th.rty (30) day~ ne~ct after the asme se~erally become due and para~le, witlwut demsnd or notite, ;
or !c) in the event eath ~nd svery the stipulatant, agreements, conditions and cove~+nts of sa~d promisaory nore and th~s morlgage a~y w eitAer •re nol
~uly, promptly snd (u~ly perfwmed, d~xMifled, eaecuted, ~ffeclcd, tompleted, tompl~ed with and abedod Sy, then in either or any such event tM ia~d ag
aregate wm rrwnYaned in said promi~swy not~ then remaininy unpaid, with intercst accrued, a~d all moneys secured hereby. ~hsll Decort~e dw and p~y-
eb;e forthwith, or therea{ter, at the option oF said 1NORiGAGEE, ss fvlly ard completely as il a~l of ~he sa~d wm~ of money were originaNy inpulated
ro be paid on such day, anything in satd p.om~sswy note a in this Mortgage to th~ conrrary no~w~thstand~rg; and ~hereupon or thcreafter a~ the opr,on of
~n:d MORTGAGEE, w~~hout notice a demand, suit at law or in equity, therefwe w thereaftcr begun, may be prosecuted as if all moneys sacured hereby i
7,,;d meWrtd p~+or fo ~ts insiitutron.
7. TM~ in the event that at the beginning oi or st any time perding any suit upon ~his Mortgage, a to torcctose it, w to refwm i~, or to enforce ±
paYment of any claims hereunder, said MORTGAGEE shell apply to the Court having jur~sd+uion fhereof for ehc ap~wintr.Kn~ of a Receive?, avch Cov~t shall
forrhwith appoint a~eteiver of said mortgaged properly aIl ~nd sirgvlar, includ~ng all artd singu~ar the income, prof~ti, iisues and revenues t~om whateve~
iorrce derived, each and evcry of whrch, it beinp expres~ly und~rs~ood, is hereby mor~gaged as if spec~~~ta~ly ut fath and described in tl+e y~anting and
hatxndum clavtea hereof, ~nd suth Reteiver shall hive ~II the broad and efiettive funthons and powers in anywise entrusted by • Court to • Reteiver, and
t~ch appointment shall be made by such Court u an admitted equity and a matter of absolure r~ght to uid MURTGAGEE, and without refererxe to the
adeqvaq or inadeQuacy of the valve o( the property mortyaged w to the solvency or msolve~+cy o( said MORiGAGOR a the dsfe~ants, and that such
re~!s, profin, irxane, issues and revenues sh+ll be applied by such Rsceiver accwding ~o the lien w cquiry of said MORTGAGEE and the practKe of s~ch
Court.
8. To duly, promptly and fully p~rform, d~scharye, execute, effed, comple~e, comply with and abide by each and every the st~pulations, egrecments,
.~nd;s:ara aru! caYrr+anta in aa~d promitsory note artd this mortgage set forth.
9. That in the event the ownership of the mortgayed premises, w any part thereof, becomes vested in s pe~son o~her than tFx MORTGAGOR, the
Y.ORTGAGEE, its successws and assigns, may, without notice to the MORTGAOR, dtel with such sutcessa ot s~ccessor in inrerest with referente to this
~ro•tgage and the debt hereby setured in the same man~er as with Mortgagw without in any way vitiating p d~uha~ging the Mortgagors'. liabitity hertr
under w upon ~he deb~ hereby secured. No ssle oi the premixs hereby mortgsged and no forbearance on ~he par~ oi thr MORTGAGEE w its successors
o~ ass~gns ~nd no cate~s~on of the time fa tM payment of th~ debl hereby secured g~ven by the MORTGAGEE or its succcssors or au~gns, s~iall operate
~o releax, d~xharge, modify cMnge or a(fect the wifl~nal liab~lity of the MORiGAGOR herein, either in whote or in part.
!0. It is spec~f~cally agreed that time is of the esserxe of this contract and tMt no w~iver o( any obi~gat+on hereunde~ or of the obligaYan sr
cUred hereby shalt si any time th~reafter be hetd ro be a waiver of the terms hereol a of the imtrumeM secwed herby.
11. In add~tio~ to the faego:ng monthly payments of princ:pal and interc:t reqvired by the prom~ssory no~e secured hereby, mortgagor covenants
a~.d agrees to pay to mortgagee with each monthly paymem an add:nonal sum estimat_d by mongagee to be equal to 1~'12 of tfie annua~ cost of the follow-
ng: •
A-All real property taxea levlcd w assessed agai~st the above described real esrate. j
B-Prem~ums on f~re and windsrorm insurance as here~n requ:red to be carried on the improvemeats situate on tlw above described premises. "
C-Premiums on such mortgage guaranty insurance as mo~tgagee shall irom t~me to time deem fit to carry on the loan secured hereby. ;
' Mongagee shall from time to tirne notify mortgagor in writing of the amount due and payable hereunde~ and such sum shall thereupon be due and ~
j ;.ayable on the due date of ~he next monthly payment and each successive month thereafter ur.til mortgagee shall not~fy mortgagw of a change in soch
~ e-.o~nr. $uch sums sF.a!t be apptied by rtwrtgagee toward the paymen! of real propeny taxes, insurance prem;ums, and mortgage guaranty insurance
~ tYemiVms. ~
~ IN WITNESS WHEREDf, the said MORTGAGOR has hereunto set his hand and seal tiu day and year first eforesaid.
s
~ Siyned. Sealed snd de{ivered in the presence of: n~ L•
~ _ ~J (see
Paul G. H lard, a single,,~,a~ult
~ _ ~ cs~~n
~ cSea~~
~TAiE OF LORI~A `'t,.~~'•'; ~ ~'itr:
`,1 L
_~UNTY OF St . LUCle ~ ~ n ~ _ h • G ;
Paul G. Hillard a sin le ~ J"
Sefwe me personally appeared ~
• • • • ;F Z .
xh~aMC t0 ~ ird}t`_
r~nm~vn t~+owR +m ~e f0 be
the ;r.dividwl dewibed in ~nd who ezecuted the fotegoirg iostruma?t, ~nd xknowledged before me that the~ ~~tl1f~ same ~or; ~e~rposes
. ~ . r i ~ r
y ~ E ~L c~~ 'd'~c-
rhe~ein expressed. ~Hi7~K)86~C ~ y ! ~ ~
~ ~ f~ • ' - ~YK -
~G?iGaCaG~6~G X~~XXt~Ai~iC~i~GXaG~GiY3G~f+lf NaGiC ]i~KY+~i+UiXalii~a~7faC~aClfil6?GMii~~lfiiE
)4ic~1cYn1I)O~iiEXd~rXrYrd~fJlfollJ~~7L3oX~¢~G 7iit . ~ .
1YiT!lE55 my hara! snd officia! ue! this ~-St day cf A. D. 19 ~7
:i Notar Pu "c i end fw the State of Florida at large
My Commiu~on eapires:
~ Retum Ta
~ F;,., Eed.-:s! 5:.-6r.ys f. :,:an Associat~on , ~~0lary PuF.Gc. Sldlt 0~ flotidi il Latyt
Of Fort P;erce.
My Comrtrssio~ E,p,res Auq. 30, i i~~
Fort Pierce, Florida 4..ew w-., . „ a • . . . ;
~ R
~
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~ This Inst~ument Prepared By f LEi AMO RECORD~~ ~
F~rst Federal Savings 8 Loan Association s~,~~C1E COUMtY F~~' ~
of Fort Pierce ~Q~,fR ~01?aAS
Fort Pierce, Florida 33450 ca~t C~aCWj COURi ~
B~lGS~~+Vt7 Q~'~ 3~ • :....1rp{f{EO.r~'
,._~~-ked By'.~~'---- .
,fu~ ~ 9 Zs aM'~ ~
. 368138 j
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