HomeMy WebLinkAbout0827 To p~~c• u~d con~inuouily ke~p a+ ~he twi:diryf now w I~er~~hN ~1~w1~ or ~~id land and on ~11 equipmtnt ~nd p~nonally tovaed bY ~AIs mort9-
~g~. with ~II prem~vms ~he~~wn pa~d ~n 1~I1, lue imur.nct in ~he wwl funda~d pol~cy fWm, in ~ wm a~po.ed br ~he MOR:i,~GEE. •r~d w,~,J~~am
inwr~M~ io ~M wwl ~~andard pol•cy fam. in • wm app~ov~d by ~M MORTGAGEE, in ?uch canpany w canpan~es a~ i?» MORIGAGEf may
d~rec~; ~ad ~11 f~r~ ~nd w~ncJtieorm ~ntur~nc~ pofiuaa on •ny ol u~d bu~Id~n~w ~ny inMrtit ~Mrein o~ p~e1 IM~aof, io ~h~ •9yrcp~4 ~um ~fo~et.,d a
In •xt„s ther~ol, ~MII comNn tM uwal ~~~nde~d mor?qa9N clauN w~uch aF?N d~w~ u tM Ma~yage~ m~y ~eqv~r~. maklnp trw ~os~ unJa •a~d pol~
uis, eacA ~nd ~v~ry, parab~~ to sa~d MORiGAGEE at imaeft m~y ~pp~a?, and Nch ~nd •vcry fucA pol~cy fhall b~ p~omprty af~ p~cd ~~d de6+ered ~o
hsid by sa~d MORfGAGfF ~s (u~~ha~ ~ecurity ~o ~~id monpaQe deb1. ~nd, nOf lesf IMn fM (10) dlyf in ~dr~~ce o~ ~he a¦p~~~no~+ oi eacl+ pu~~cy, w d~- `
I~vor ro ~a~d MORTGAGEE • renexal thrreof, lope~hK with • recapl fa ~M p~~mium ol ivth r~n~w~~; and ihen thall b~ no ine o~ winJato~m insw~nc~ .
plec~d on ~~y ol s~id bvild~np~. aoy inqrest Iher~~n o~ pat thaeof, unles~ io tht to?m ~nd wi~h tM b~i pa~abl~ a afwe~aid: •nd in Ihe e~enl any tum
of mo.wy bccome~ payabk under such poficy o~ polKies uid MORTGAGEf sl~all hav~ tM opt~on ~o ~eceiwe ~nd ~pply ~he same on accwnt o( fhe i~zdebted-
ness secwtd hereby w to pe~m~t ~e~d MORTGAGORS ro receiv~ •nd ut~ il a•ny pa~f ~he:eol fa o~ner pw~osrs. .v~tnc,:! ~h>.. u; wa~•~ y J~
~rx~ a~y squ~ty, lien a~g~t unde~ or by virtw of th~~ mortyp~; u~d in tM ~ve~t sa~d MORIGAGORS sl~s11 1a ~ny reaw~ fa~l to kaep ~he s~~d pr~m~tie~ w
~nsvicd, o~ feil to deliver promp~Iy ~ny of taid po~~tia~ ol inturant~ to f~id MORiGAGEE, w(aJ prompNy to pay fu~ly •ny premwm thrrrfw o~ in +~y '
~e~pec~ (~il ro p~rfo~n~, d~schuye, eYecure, •Ilec~, complar~, comply wi~h and ~b~d~ by ~hii cownan~, a any par~ ha.eo(, se~d MGRIGAGEE may piace a~ d .
pay (w such inwranc~ or •ny part thereo} w~thout w~iviny w~ff~ctinp ~ny pption, li~n, equity. Or ri9h~ unda w b/ v~rtw ol ttus Moriflaye. and thc
f~,i~ ~mount o( exh a~d e.~ry su<h psymem shalt be immediately dw and payabl~ ~nd thall bear iroerest from ~hs d~~e thcrcof unril p~~d •t ~he rs~e ol
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1. To permit, commit a suff~r no wast~, impairmeM a dNe~iw~tion of said propNty w~ny put thtreof.
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S. To pay all and urpulu tFM cwt~, cMrgss and ~ape~se~, ~nclud~np a reawnabl~ attw~ey'~ ies snd costs of abitrsct~ oi t~t!e, incurrcd o. pa~d at
en•~ ~ime by ~a~d MORIGAGEE, becaus~ a in the ev~m of ~he i~ilwe on tFw pa~t of tM uid MORIGAGOR ~o duly, p.«.,N~iy a~d (u~Iy pe~l«m, d~~chsrge.
e.~cute, eff~, comptere, comply w~th and ab:d~ by ~ach ar+d ~wry ~M ~tipvl~twm, p~eements, condiians, and coven~ms ot sa~d prom~sso~y note ~nd ~h~~
n,or~gege •ny o~ e~~F~er, snd sa:d coets, charges •nd eapenses, each ~nd ~very, ~hall be immedi~lely du~ and paysble; whNher a noi therQ be no~~ce do-
~,a~d, ~ttempt to collec~ w suit pe~xl~ng; and the full amount of each and rvery ~uch p~ymem ihatl beu inferest f~om the date thcreo4 until pNd a~ the
r,~R• Ji ninR per cenwm per annun,; and all s~~d coa~s, charges and eapenses ~ncuned or paid. ~opeil+er w~fh such intae~t, shall be ~etured by Ihe lien o( th~s
rrt0 f 9i~f.
6. That (a) i~ the evenl of ~ny kxe~ch of thls Matyeq~ or default on tl+e part of th~ MORTGAGOR, or (b) in the event •ny oi u:d sums of money
here~n referred ~o be nc+t p~ompNy and fully paid wifhin Ihirty (30) deyt neat after th~ senx xveratty becort~e due and payable, witi;ou~ demand or ~or~ce,
or (c) in Ihe event each and every the s?ipvlations, agreements, conditions and coven~nts ot sa:d p~omiswry note and th~s mortgeye any w ei~iror are not
iu;y, promptly and fulty performed, d~icharged. eaecuted. effected. compkted. complied w~th end abided 4y. thsn in e~+i?r~ a any such evem the sa~d ~g-
aregata wm mentio~cd in said promissay noN then remaioing unpaid, witl~ int~i~it accrued. ~nd ail moneys secured he~eby, shell becume due and pay~
eU:e fo~thwifh, u theroa!fe., at fhe opt~on ol seid MORIGAGEE, at fully ~nd completely as if all of the ta~d s~ms of money wcre or~g~ns~iy sr~pu.arrd
ro pa~d on such day, any~hing in sa:d promisswy note w in ?his Mortgage ~o the cont~ary notwithstonding; ar+d ~hereupon or thereatte. at rhe opnon of
s- d MORTGAGEE, wirhout noeKe or demand, iuil at law a in equity, theretore p thereslter begun, may be prosccuted +s if all moneys secured hereby
ned maloteCJ pt~or to ds inst~Wtwn.
7. ihat in ehe evcnt ~het at the beginn~ng of or at any time pendinp ~ny suit upon this Mortpage, or to forectose it, or to reform it, or to enforce
~,yment of any cla~ms l+e~evnder, said MORTGAGEE sha~l appty to fhe Court having junsd~a~oo thereof for the appo~ntment of a Rrce~Y~r, svch tw,r~ she~i
!c~rhwith appoim a receiver of said mortg~ged property a!I ~nd sioyular, inctud.ng alt ~nd singvlar the incoms, p~ofrts, isaues aN! :cve^_~rs !{o^e whateve+
so~rce derived, each and every of wh~ch, it beirp eapressly undersiood, is hsreby mptgaged as if spaaficalty set fath and described "m Ihe granring and
h>bendum clwses hereof, and such Raeiver shall Mve afl the broad ~nd ef(ecrive funcrons and powers in anywise entrusted by • Court to a Receiver, and
s,cn appointment shau be made by such Cou~t as an sdmittcd equity and a matte~ oi absolule riyht to siid MORTGAGEE, and wi~hout relaence ro ~he
edequ;cy w inadeq~acy of rhe valu~ ol the properry moreg~ged or lo the wlv~ncy or ~nsoivency of said MORTGAGOR w ~he defe~dants, a~d rhat s:.ch
+s, profirs, income, issues and revenues sMll be appl~ed by such Receiver accordin~ to th~ lien or equity ol sa~d MORiGAGEE a~d ~he pract:ce of svch
Ccurt.
~ 8. To duty, promprlY and fulfy pe~form, distha?ge, execute, effetl, complete, comply w7th ~nd abide by ach end every fhe sripu~a~ions, agreementi.
.cnd~Nons and covenann :n sa~d promissory note and ~his mortyage set ~pth_
9. That in the event the ownership of the mortgayed prcmises, a any psrt thereof, becomes vested in a perwn o~her than the MORTGAGpR, the
h'~RTGAGEE, its succeasora and ass~yns, rnrr, witiwut notite to the MORTGAOR, de~t with iuch succsssa w succeuor in intere~? w~th reference to this
~-~gage end the deb~ hereby secur~d in the same manner as with ~Aortyayor wAhout in any way vitiatiny w d~schuy~ng ~he Mortgagors' liability herr
;~der o~ upon the debt hereby secured. No sste of the Fremises hereby mort9sged and no fwbeannte on the part of the MORiGAGEE or ira successwa
c• asi:g~s and no earens~on ot rhe hme fd ths psymem of the debt hereby secured giwn by 1tK MORTGAGEE or its successon er au:gna, shall operafe
io ~e!ease, d~scharge, mod~fy chanye or afiect the or~g~~al I~ab~l~iy of the k10RiGAGOR herein, ~ithsr in whole or in part.
10. It is spec~+~cat~y agreed that time is of the cassnce of this contract ~nd that no waiver o( any obligation hereunder o? of tF.e oblgation sc
:~~ed hereby shsfi at any time ~hereafter be held to be a w~iver o[ the terms hereof or of the irutrument secured herby.
t I. In add.~}o:+ !o ihe fo~ege:ng monthly payrr.eMf of prin~ p~~ and inrere:r requ~red by the prom~s~ry ~ote secured hereb~, mor~ga3or covenants
~~d ayr~es ro pay ro n:o~egagee vt+th each monti~!y pay~neN an add~ionat sum esumated by mortgsgee to be equal to 1; 12 of t:~e on~~ual cost of the tolfow-
A-Ati real properry raxrs lev~ed o~ assess~d agai~st thc above desc.ibed real estate. _
B-Prtmwms on fire and windstorm insuracce as herein requ~red to be cartied on the improveme~ts situate o~ the above descrioed premises.
C-Premiums on such mongage gua.anty insurar:ce as mortgagee sha~l from t~me to time deem fit to carry on the toan sewred he.eby.
Mcrtgagee shall !rcm time to ti~r+t not~iy mortgagor in writiog of the amount due snd payable hereundrr and such su+n shall thereupon be due and
I .~.able on the dur date of_the nsxt monthty paymeM and euh successive month thereafter ur.til mortg~gee sMll notify mortgagw o1 s change in such
y ~.~t. Such sums sha:i be apptied by morrgagee toward the payment of real property taaes, insurance prem:ums, and mo~tgage gvaranty insurance
p _,;ums.
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~ IN Y~ITNE55 LVHfREOf, the said MORTGAGOR has hereunto xt F~is hand snd seal the dey ~nd year first aforeaaid.
~ S~gned. Sealed and delivered in the ptesence of: `y '
~Sea1)
~ --L,""`-/K_.Q-'- `y (Seal)
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- ~ (Sealj
- ~ t~, • ~ ° ~ - . E~'! !~C (Seal)
r..iE OF FLORID~:?~+•~~~: ~ .
~f~j~, p
~"rJ'.1TY OF' ,`-t`~~~;F~I~Y~~AQ -
eec~.e~~,.'~ ~ F, C. H. Allen :~d
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3f~~~"~
y~~yn Allen his wi~q to me well known and known to me to be
r~e indiyi~ah`.d4~/f6~~7ni~ w1~~G execu?ed the fweyoirg instrument, and acknowledged befwe me that they exec~ted the same fw the purposes
, : .n: s
A•~~n en~p~e~.(~16! ;ad ~r~~ ' FyE 1 vn A 1 lgn _ -
...fe of tbtGi~,~~:~y'? ,~-V•' A~ ; N~ Ajj4n upon a sepa~ate snd private
netiob, by ~.t ~id~fh~ ~qd apart from F~er said husband, ackrawledged ~o and be~or~ me that she executed said instrument freely ar.d volurr
and wt~}~t a~campVlt~yf, ~Onstr~int, ~ppreheni a fear of or from her ~aid husband.
WITNESS rify hand. and' of#iwl sesl th~. ~/C.4t~ day of ~ne A. G. i9
~ ~1~c t~ i ~ ~ ~~x-~ -.C ~
otary PubIK in end (or the State of Fbrida at large ~
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My Comm~ssion upires:
4 . . i . ~ . • .
~ Ret~m To: .~OT=F~ : : • ~ir t'. ' _
r~ ~~nt Federal Sa.~ngs 3 loan Assot~at;on n'; i:. 1'~7
~ (~f Fo,e Perce. MY CU:~•,~, .
~i Forl P~erce. ftunda 90NUEU i?iHUUGH bl~iitiSK1 • N~l tLE:+-~`~Y.
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~ Thes lnstrument Prepared By~onald E. Hughes ~Np *~~OROEC
~irst federal Savings 8~ Loan Assouation f}~~~~E COUM~ fl~
~ of Fori ~ierce FOCER PO~SRAS s~'\
~ Fort Pierce, Florida 33450 ~t£o~ ct~cviT CouR'~
~ . yf~.ilEO.~°--
~ -k~~ g,~ - o ~ uH ~ It 40 ~'11
a~~K 2fi9 ~25 ~
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