HomeMy WebLinkAbout0390 1o pl~c~ ~nd continvou~ly kNp on ~M bui:dingf now or Mreai~p 4twq or ~~Ed land ~nd on ~II equipmem and p~non~Ily covered by ~hi~ mor?9-
ag~, w;th •II psmiu~ru tAereon pa~~ ~n futL ~~~t i~~urance in ~M wu~l sundud policy lo~m, in • sum apwo+.~d by tM MUR~GAGEE, a~~d winds~am
~nsu~~i+c~ in ?M ~~wl ~rand~rd pol.cy Iwm, in a ium approv~d by tM MORTGAGEE. I~ wch company o~ canpan~h tM MORIGAGEE may
d~~tclp and all fa~ ~nd w~~d~torm inw~anc~ policiN on any ol ~aid buiM~npt, ~ny int~nst ~M~ein w part ~he~eof. in the apq~eya~e wm afwsfaid w
In ~xctu Ilw~eol, ~MII con~ain ~M uswl ~tandad ma~yp~~ tlau~ w~uch o~hM dww 11» Mor~ppe~ m~y reqv~~~. makinq ~M lou unJa •~rd po~~
ci~i, each ~ed ~vNy, payabl~ to ~aid MORiGl1GEE +s in imtre~t may app~a~, ~nd ~ach a~d ~w~y ~~ch po~icy chall M promp~~y aii g~ed and dei~vercd ro
sr,y Mld by a~d MORTGAGEE ~f ~YtIMf ~KV~~fy t0 Nifl rtqtt9J9f dfb/. and, not 1~s~ tMn tM (10) d~ys !n sd~~nce of ~he eapira~~on ol each po1Ky, to da ,
fver to uid MORTGAGEE ~ renewd thereof, ~oqa~hH with • ~~c~ip1 (w th~ pr~mium of t~ch r~n~w~lt and ther~ ~MII bs no I~re o~ wind~to~m iniuraoc~
pl~ad on any of s+id b„ild~ngs, •ny inter~at ther~i~ a parl tMreol, unleu in tM fo~m and wi~h ~M to~~ payabl~ a~ +twcs~~d; and in ~he e~ent any s~m
of mw?ty becomet payable unda such policy or polKi~~ iaid MORTGAGEE ~hall Mw ~F» op~~on to rat~iv~ end apply the sa~ne on eccoun~ o( ~he indebted~
r+tsf Mtv~~d h~reby a ro pKmit said MORTGAGORS to rettivt and ut~ It a any parl thereof tw othcr purpoirs, r•.~tho~t ih;n u~ w~~~~ ~3 0~ ~~+~p~~~-
ing any pviry, lise? or riqht unde~ a by virtw of this mat~p~j and M tM ~wnt sa~d MORTGAGORS sFult to~ ~~y rsaton fail to keep the said pramiiei so
~nsured, w fail ro d~liva p~omptly any of said polKies ol inwranc~ to u~d MORTGAGEE, w(ail promptly ~o pay futly •ny p~e~~~+urn ~hercfa o. in any
re~pect fait to pafpm, dixharge, execut~; elittl, tompl~t~, tomply with and abid~ by thii tovt~ant, a~ny part hareof, said MURTGAGEE may place and .
pey (w iuch insur~.~c~ oa ar~y par~ thereof withouf w~ivinq or •ff~ctinp ~ny option, li~n, puity, w rpht under w by viriue of ihis Maegage, ~nJ the
f„li ~movnl of tach u~d ewry suth paymant ahall bt imm~diatety dw ~nd pay+W~ and sMll bear iMero~~ from Ihs data thereof u~ul pa;d at ~he ~ate of '
ni~x p~r c~ntum pN annum and to~ether with suth interes~ sha11 b~ secured by th~ litn oi thi~ rtwrtp~pe.
1. To ~m~~, co+ti++n Q? wfipr no wss?~. i^c~+"menl cv sltte:~a?ien of ~e!d ~+reperty ~~ny ~t thereof.
S. To pay ~II ~nd ainpul~r th~ cwts, cMrpes and expensss, inctudinp a reasonabl~ attaney
s fee and wstt of abstrach of tiele, incurred or paid at
a~y time by sa~d MpRTGAGfE, bec+uss or in ths ~ven~ of the failure on tM pan of tM said JNORTGAGOR to duly, promp~ly a~ (uily perform, d~uharge.
e.ecut~, ei(ect, camplere, tomply w~th and ab~de by ~ach and eve~y, tl~s itip~l~tionl, ~p~eemanfi, tonditiw+s. ~nd tovenanrs of said promiswry nore and thii
mo~fgays any w e~~he~, and sa+d cosb, cha?ges and expense~, each and evay, tMll b~ immadutely due and payable; whether w no+ there be no~ice d}
mend. ~ttempl to cotlect or wit pendinp; and tlu full amo~nt of each and evtry ~uch p~ymem ~hall bea. imerest {rom the dare ehereof unsil paid at the
rate ol nine per ccntum p~v ennum; a.~d all s~id cosrs, chsrges and expense~ inturred o~ paid, logether with such interest, shall be setured by the lien o( th~~
rr.o~tgyt.
6. ihst (a) in ~he eveM of any breach of this MatgaQ~ or defaull on tM pa~t oi the MpRTGAGOR, w(b) in the event +ny o1 sa~d sums of mone~
herein referred ~o be not promptty and (ulty psid within IMrty (30) days next afre~ ~he same sevmalty become due and payabte, w:thou~ demand or noticq.
o~ (c) in the evem each and every th~ stipulations, ~greementi, conditions and coven~nts of ss~d promissory note and th~s mortgage any or e7~her are not
~~iy. promptly •nd fu~l~ parfwmed, d~scharged. executed. dfetted. completed, complied with ~nd abided 5y, then in eithr a any such event ~he sa~d ag
greqate sum mentbned in said promissory note rhen rem~ininp unp~id. with interes? atuued, ahd all mor~eys secured hereby. •hal) beco~~e dw and psy-
able fwthwi~h, or thcreaite?, at the opt~on of aaid MORiGAGEE, as fully ~~d complerely ai i1 all of the sa~d wms of money were or~g~nelly sripulated
to be ps;d on such dey, anything i~ sa~d p~omis~ory note a in this Mortpags to the contrary notwitharanding; a~d thereupon or thereafter at rhe op~~on of
sa~d MORTGAGEE, w~thouf nor~ce'a demand, suit at law or in equiiy, therefwe d ~hercaiier begun, may be prosecuted ai if all moneys sec~red hereby
nad matured pnp to its institution. •
7. That in the evenl that at the beginn;ng of o~ ~t any time pending any suit upon this Matgage, w to foreciose it, or to reform it, o? to enfores
payment of any daims hereundcr, said MORTGAGEE shatl appty to 1Me Court having jurisd~nion thereof fw fhe appo~ntmeM of a Receiver, tuch Cour~ shall
Fo~thwith sppoint a ~eceiver o( said mortgagad prpperty alt ~nd sirgvla?, intlud~ng all and singular the income, prol~ts, iasues and revenues from vMhatever
se~rce derived, eath and every of which, it beiop expressly underslood, is heteby mortgaged as if speciiicafly set fath and destribed i~ the gr~nting and
habendum cl~uses hereo(, and such Receiver shall have all the brwd a~d effective funct~on~ and powers in anywise entrusted by • Cou.t to a Receiver, and
s~ch appointmcnt sf~all be made by such Court a~ an admitfed eqvity ~nd • matte? of absolute tight to said MORTGAGEE, ~nd witheut ~eference to the
edequacy a inadequacy of the wlve oi the prope~ty mortysged w to the soive~cy a insolvency o( said MORTGAGOR a the defe~ulanf~, and tha~ such
re~rs, p~otib, income, iuues a~d revenues sl?all be apptied by iuch Receiver sc<wd~n9 to the lien or equity oi sarc3 MORTGAGEE and ~he practice of such
Court.
8. To duFy, promptly ~nd (ully perfwm, dixharye, execute, effect, complete, comply with and ~bide by each and every the stipufations, ~greements,
co:,dirions a.~d covenanrs in u~d p.omissory nore and eh~s mor~gsg~ ut torth.
9. Thst in the event the ownenhip of the mortgaged premises, w any part fhereof, becomes vested i~ a pcrwn other than the MORTGAGOR, the
MORTGAGEE, its successors and auigns, may, w~thou~ not;ce to the MORTGAOR, deal with such succesew w successw in interest wirh reference to this
mortgsge and the debt hercby secured in the same mannet ~s with Mortgagw without in ~ny way vitiatinp p d~xMrging the Nbr:gagors' liability herr
under or upon Aro debf I~creby sctured. No sale of th~ premiset FKreby mortgaged and np fabearsnce on the part of the tAORiGAGEE or its succeswr~
or ass~g~n and no exte~s~on of the time for the payment of the d~bt hereby secwed piven by tM AAORTGAGEE or its successors or ais~gns, ,l~all operate
to reiease, d~uharge, modify change or af(ect the original liabiliy of the N1pRTGAGOR h~rein, either in whole or in p~rt.
10. It is speuficaUy agreed thal time is of the essence of thii contracl and that no.waiver of any obligat~on hereunder w of the obliyation sr
cured hereby shall at an~ tirne thcroafter be held to be ~ waive? of the tem~s haeof or of the InsfrurtieM secured herby.
11. In add,t~oa to the foregdng mpnf}dy paymeMS of prinCpsl and inferest required by the prom~sso~y ~o!e aecured hereb/, mortgagor tovenants
~nd agrees ro pay to mor:ga~ee with each monthly payrnent aq addiiional sum estimated by mortyapea fo be equal ~0 1/ 12 of the annuaf cost of the follow-
f
A-All real property taxes lev~ed oc assessed agai~st the above desaibed real eseate.
B-Premiums on l~re and windstorm insurar.ce as herein requ~red to be carried on the improvements situate o~ the above d:scr~bed premises.
C-Premiums on such mwtgage guaranty inaurance~as mortgagee shall fram t;me to ti~ne deem fit to carry on the ban secured hereby.
N.ortgagee sha01 from hme to time notify mortgagor in writing of tF~e amouet due and psyable hetevnder and such surn shatl thereupon be due and
: a~able on the due date oi the ne:t monthly payment and each succeuive month thereafter .ur,til mortgayee sFwll notify mortgagw of s change in such
I ?•.o~nt. Such sums shali be apptied by mortgagee toward the payment of real property taxes, insurante prem:ums, a~xl mortgage guaranty insurance
i r.e~niums.
I IN WITNE55 NHfREOF the said MORTGAGOR has hereumo sN his hand sr?d sesl the day snd ear irst ~fore id./~
I Si9ned. Sealed and delivered in the presence of:
- ~s . C s4
E - 7
e'_ ~ _ , st-t~raE~ ~o+s~ _ ~ n
~ - - , - CLE~CI~CIMT CO ~ ~ (Sea~
c.r". ~ ~ • ;s-•r~EO er e . ra or ~s~aq
~f ~ PH'7~
~ SiaTE OF FLORIDA - . 3 ,
~ ~our~rr oF LUCIB ~ a3~iZa30~
Befae me personally sppeared _ Jef~ZeV A_ Crarrfozd a„d
Ca?therine A• C=dRfOld his wife, to me wefl known and known to me to be
tne individwls described in ~nd who executed the fwe9oinp initrum~nt, and acknowled9ed befwe me that they executed the same to? tF~e purposes
~h~~~~~ ~xa~a. a,a rn. a,;a ~Catherine A. Crarrford
r:,fe of the said Jeffzey A~ CZAN~OZtl upon a separate and priwtt
~ e.am~nat~on by me laken uparate ~nd apart from her said husbsnd, aduwwledyed to and befwe me that ~he executed said instrumem freely and vo{vn-
~ ra„ly and w;thout sny compulsion, constraint, spprehensio~,_qr feu of ot from FNr ssid husband. -
~ WITNESS my hand and oNicial seal this da of J 1. 77
Y A. D. 19
~ _ i ; , .
i . ' c_ y~
Notary Public in sr~ or State of Fiorida at larye
~ My Commiaion ax es: ~~c, ~;,~~n af Fio•' a+ ta.z~
Retum To: Np}4ry S9n
g ~
- Firtf Federal Savings 3 loan Association t~
q N.. ~^.^i~i-, o-~ Ex .~tti 5.~~ ~
r Of fort P~erce. L~ p„p,~r:t;X: hrc a l..a:u.J1~ C~. .
} Fot~ Pierce, F!«ida
~ , .
~ -
P
s . .
~ This Instrume~t Prepared By J. Hal ROberts~ J=. ~i
~ F~rst Federal Savings b Loan Association y~~ ' i
of Fort Pierce • ~ ~ :
~ Fort Pierce, Florida 33450 f
~ ~ . ` ' - ~
~ y 600R ~G 7 ~ . . ~ , ~ ~ ?
C~~ecksd B U PA~ , j
s 390 . ,
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