HomeMy WebLinkAbout0218 J. To plsc~ •nd ca+tinuously ktep on ~he bv~:d~nys now w htreaft~~ utue~~ or ss~d i~nd end o~ af: rqv~p~neni a~~d panoneliy tovered by this mwtg-
e~e, wnA •II p~em~um~ ~hercon ps~d ~n full, f~re insw~nce m ~hs uwd u~ndard poi+cy lorm, in ~ ~~~n ap~xo.ad o~ ~he MOR~vAGEE, •~~d W~~~~l~VfIT
~nwt~~c~ fn IM ~swl panderd aol~cy lam, in ~a wm arprov~d by tM Nk7RTGAGEE, in ~uch cwnps~~y or co~»~:an~et ~s the MOkIi,AGEE may
d~rect; ~nd al) tir~ ~nd w~nd~w~m insuranc~ polic~es on ~ny of ta~d build~ngt. ~ny inttre~l ~he~ei~~ or pa~t thrreol, in ~M sggrcg~~e tum ato~esaiJ or
in sateti Ihertoi, theU tonUin tM ufwl itandard matya9N tl~uN w~uth otMr cl~us~ ~s ~h~ Mo~tgegee may req~,r~, m~king ~he ~osf undo~ s~•d poli-
cie~, each and ev~ry, payabl~ to i~id MORTGAvEE at :t~ iotare~l m~y appN~, ~~d eath and we?y such poucy shall lx p~ompt~y atis gncd s~d del~verrd ~o
~ny Mtd by u~d MOR'.GAGEE ~f turtMr ~rcurity lo ~id mwtpa9e debl, and, no~ le~~ ~Mn ~en (101 day in sdvnnce of ~he exp~rae~on oi each po~~cy, to dr
I~vm to Hid MORTGAGEE • r~newal ~hereof, tofle~her with • receipt fa lhe premwm of such ronewal; a~~d Ihere ~hai1 be no 1~~e o~ w~nusw+m insura~ce .
p~sced on any of said buildinqf. •ny intert~l 1he~ein or perl tF»rto1, unless in tM (o~m and wiih the loss payeble as aforesa~d; and in the event any tum
of mon~y becomes payabte under wch policy or pofcies iatd MORTGAGEE thaN hav~ tM opt~on to ~eceive e~d apply ihe same on accouni of ~he i~xirb~~d-
nes~ secu~~td hereby a ro permil ~id MORTGAGORS lo ~eceiw ~nd us~ it w any par~ tF~rreol for o:h~r pu:~ o+rs. .:~ihc, ;r th i,i ~7 cr ~•~+p~~•-
~ng ~ny pu~ty, lieo or r~h~ und~r or by virtw of this morrp~qr, u~d in tM ~vem ~a~d MORIGAGORS ihnll fw any reawn fa~l to kecp ~he ia~d p~em~zei ~o
+n~ured, w hil fo deliver pranptly any of aaid pol~cies ot insw~~+cs lo said MORTGAGEE, or fai! promptly to pay fu~ly any p~e•n~~m ~herafor or in a~y
respect fail ro pertwm, discharge, e:ecute, effect, comp~efe, comp~y with ~nd ~b~de by thli corensnt, a any pa~~ hz~eo(, se~d tdvRTvAGEE may p~ace a~~d
pay fw such insuranc~ a any part the~eof without waivinp Qr ~tfactirp any op~ion, lien, equ~ty, or righ~ under a b/ vutue of th~s Matga9e, a~d thc
f„+t amoun~ o( e+cA and ~v~ry such payment thatl be ~mmediately dw ~nd p+yable and ~hall bear interest from ~ho da~e thereol um~l pa~d a~ ~he ra~e ot
n~ne psr ce~tum pM annum and ro~eihrr with such interest shall ba secured by the lie~ of this mwt~ape. -
1. To p~rmil, convnit or suff~r no wast~, impairment or deteriwation of said p~operty o? ~ny part thereof.
S. To psy all and ungulu tM costs, cMrges ~nd expenses, includinp a reasonab~e attaney'~ fee aod cos?s ot sbstracti o( ti~le, ~~curred or pa~d a~
any time by sa~d MORTGAGEE, becaus~ a in the eve~t of the lailur~ on 1M parl of tM said MORTGAGOR to duly, p~omptly and fuliy per{o~m, d~stharge
execute, e((ec4 complete, comply w~th aod ab:de by each •nd every the stipulst~ons, agreement~, condi~ioni, and covenants of sa~d prom~swry note ar~d this
.r.o,rgage any o~ ei~her, and sa~d cosrs, cMrges and expenses, e~ch and every, ~Mtl be immediatety due and payabie; whc~her o~ not there be no+~ce de
ma~d, anempt to collect or svit pend~ng; snd the full amouM of each ~nd every iuch paymen~ shall bea. ~nteres~ from ~he date thereof onril pa~d at ~he
~.,~c ol nine per cantum pe~ em~um; and all said costt, charges a:id ~~epsnses incurred w paid, ~oge~her w~th such imereai, shaN be secured by the I~o of thi~
mortgpt.
4. T1u1 (a) in the event of a~y bre~ch of thi~ Mwtpap+ a defaul~ on the p~~t of the MORTGAGOR, or (b) in tfie event +ny of sa:d sums of mo~ey
herein rcferred ro be not promptly and fully paid wi~hin Ihuty (30) days neat afte? Ihe sa,ne severa:ty become due and payabte, without demand or notrce,
or (c) in the event each and every the stipulations, agrerments, co~d~tions and coven~nts o1 sa,d prom~ssory note and ~h~s mortgage any o. e~the~ a~e no1
:~~y, prompdy a~d fully perfwmed, d~xharged, executed, effeUed, compbted, compGed w~ih snd ab~ded 5y, ~hen in e~ther w any iuch event the sa~d ag- ~
gregate wm rrKntioned in said promissory note tben remainjpg unpaid with interest acuued, snd a11 moneys secured hereby, ~hall become due and pay
ab'e forlhwith, a rheroaf~er, at tlx option oi uid MORTGAGEE, as futly r~d complerely as it all of tMe said sums of money were ong~natly st~pu:atrd
ro be paid on suth day, anything in sa~d prom~sso?y note w in this Mortgsge to the contrary notwithsta~di,~g; end thereupon or 1Fxrea(rer at the op~:on of
s~:d MORTGAGEE, without notite or demand, suit at law or in equ~ty, therofwe w thereaher begun, may be prosetutad as if all moneys secured here4y
n~d mafured pnw to ~ts inatitunon.
7. Thaf in the event tAat at the beginning of w at any tims pending any s~it upon this Mortgage, a to foreclose it, o: to re~orm it, or. to enfo.ce
paymem of any cla~ms hercunder, uid MORTGAGEE shall apply to the Court havi~g ~unsd~ction thereoi iw the appointm~nt of a Receiver, such Cowt shait
fc~rhwith sppoint a receiver of said mwtgagcd property all and ~ingulu, i~clud~ng all and singular tF~e income, p~of~ts, iss~es and revenues from whatever
iovrce derived, each and every of which, A beinp expressly undentood, is hereby mortgaged as if speulically set forth and defcribed in the y~anting a~d
i,abendum dauses hereof, and such Receivtr ahall Mre •II the b~oad and effectiva f~nct,ons and powers in anyw~se emrusted by a Court to a Recuiver, er.d
c:,ch appointment shall be made by such Court as an admitted equiry and a matter of absolu~e r~ght to said MORTGAGEE, and without reference to the
edcquacy or inadequacy of the ~alw of the property mortgaged o~ to the sowency o? insolvency of said MORiGAGOR w the defendants, and that such
re^rs, profiri, incpne, isaues and revenues shall be applied by suth Reteive+ accwd~ng fo the lien a equ~ty of seid MORTGAGEE and the pracrice of such
Court.
6. To duly, promptty and fully perform, dncharge, execute, efiect, compkte, comply wi~h and abide by each and ev~ry the stipulations, agreements,
cor.dition3 and wvenanrs ~n sa~d prom~ssory note and this mwtgage set tath.
9. That in the event the owncrship of the mortgaged premises, or any pa~f thereof, bccomes vested in a person other than the MORiGAGOR, the
A10RTGAGEE, its successaa and ass~gns, may, without nmice to the MORTGAOR, deal w~~h such successa or successor in mterest w~th reference ~o this
n~orrgag~ and the deb~ hereby secured in the same manner as with Nbrtgagw wrthoul in any way vitlating or d~xhsrging the Hbrtgagors' lisbility herr
under or upon the debt he~eby secured. No sale of ~he premixs hereby mat9aged and no fwbearanp on thQ part of the MORTGAGEE w its s~ccessors
er assigns and no extension of the time fa ~he payment of the dcbt hereby sccured given by the MORiGAGEE or its succeasors or ass~gns, stiall operate
~a re~eate, dxharg~, modify cha~ w aff~ct the wg~nat liab;lity of the AhORTGAGOR he~ein, either in whole o. in part.
10. It i~ spec~fiuily agreed tt?at time ii of the esaaxe of this contract and tMt ra w~iver oi a~y obtigat~o~ herevnder or of the obligation se-
c~~ed Fxreby shall at any time thereafter be he:d to be a wa~ver of the terms hereof or of the instrument secured herby.
11. In add~t~o~ to the fwego:ng monthly payments of princ pa! and interest req~~red by the prom.swry no~e sec~red hereby, mortgagor covenants '
i•~d agrees to pay to m.o:tgayee with each monthty payrnent an add~nonal sum esnn:ated by mortgagee to tx eq~a~ to 1. 12 of the annuat wst of the foilow-
A-A!I real prope.ry taxrs lev~ed or assessed egai~st the abore described real estate.
B-Premiums on ~ire and windstorm insurar.ce as here~n requ~red fo~oe tarried on the improveme~ts s~t~ate on fhe above d_scribed premises.
C-Premiums on such mortgage guaranty insurar~te. as mortgagee shall from rme to tin,e deem fit to carry on the toan secured hereby_
NSortgagee sha;I from time to time norily mortgayor ~n wriGng of the amount d~e and payable hereur+dar and such zum shall thereupon be due and ~ i•
c~.abte on the due dste of the oext month!y payment •nd each successive month thereaher urti7 mortgagee shafl notify mongagw of a change in such
o~nf. Such sums sh.a~l be appt~ed by mortgagee toward the payment of real property taxes, insurance prem:ums, and mwtgage g~a.anty insurance
_~-~iums. .
i IN WITNESS WHERfOf, th,3 said MORTGAGOR has hereunto set his hand and seat the day and ear (irst aforesaid.
~ Signed. Sealed a:~d delivered in the p?esence of: ~
i - ~ 5lan
, J~.•a~v~'~~~~~~ $ •
' ' R06EA ?OS'~~S (Seal>
~ ~ - r,: %FR CIRtiUtT COUAT . (Seaq
y:.~}!~~~--^~"" .TO 1"Tl19h@S (Seal)
Si:~TE OF FL DA ul__I J ~ SO ~H : j~~'' ~''i. .
sS. ~ • • ,J'('j
>St. Lucie - >
~OU!JTY OF 'ti?.`~ j g~'
~
Befwe me perwnaHy appeared .jam@~ C• ~llg~1@S _ 1~;.•_ c
- -I~3i Aa ~~e~ his wife, to irje wtll kJ+pwn snd krtowp jo e~e to~be
the individwli described in and who executed the fweyoir~y instrumenf, and adcrawledged befwe me that thd~ e~ti~JTe~'14e`s~rta ~fqt 1~purPases
;hA-~,~ ~x~.~~_ a,a ssid Joy A. Hughes . - Y°: - r
4~ ,.-r
N:~e of the ssid t •a'~ ~ ss~~nd ~vste
~ w~ ~
e,am~nation by me taken xpa~dte a~d apart from her said husband, ackrwwledged to end before me that she exetut ~~d~Jn=tµ~Nt,t(~iely and volurr
ra~:iy and wifhout any compulsion, constraint, apprehension, w fear of oi from her said husband. t7t~«,.:;,.•..
WITNE55 my hand and ofFicial seal this 14th dsy of JUl • A D 1~6
Nota Pubiic i and (or the State of F{orida at targe
My Com e:pires:
Return To:
~ First Fedeal Savings b Loan Association '
3 Of Fort P~erce. ,
~ NO'~itr ~11~[. SWt 0~ P.Ofidi tt L~t~
Y Fort Pierce, Fb~ida
~ _ ~ C~mis~k-n Expirts Atiq. 30. HIO
~..ea s c«..w c«wr
s
~ This Instrument Prepared By ~ry F~ BllqOOd
F~rst Federal Savings 8~ loan Association
of Fort Pierce
Fori Pierce, Florida 33450
- ~oox271 ~A~E 21
_he~ked BY -~t V
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