HomeMy WebLinkAbout0392 J. To pi~ct and com~nuously ke~p on tM bvi'd~rps now w Mre~(tN ~~w~t~ or +aid I~nd a+~d on ~II eqvipmerl and psnona~ly covered by ~hi~ mort9-
a~~, wi~h ~11 pr~m~ums Iha~aon p~~d tvll, tue i~t~rax~ ~n th~ ~us~~~ •~+nd•rd poLcy (orm, in a ~um aHyio+~d b~ th~ MUk:GAGEE, a=~d vvindt~orm
i~ivru~t~ in IM viud ~~~ndard pohtv fam, in • wm approv~d by tM MORiGAGEE, in wch tompany o~ compan~~s a 1M NWRIGAGEE i+++Y
dusch ~od all Ii~~ and w~nd~~o:m' inwrsnc! po~iuss on my of sud build~~yb ~~y im~.~~f therein or p~r~ fMreof, in ~M ap9re9~te wm afor~u~d or
1n ~xc~as likraoi. tMU comain tM usuN st~~dard ma~gayN d~uw w such o~M~ d~us~ ai ~M Mortgsge~ may requ~~~. m~?1np ~M 1ou unde~ sa~d polF ,
ci~~. ~ach ~rd wNy. parabt~ ~o uid MORIGAGEE at ~ti in~weft m~y app~a. and ~~ch and •v~ry futh poGtY fha~l be prqrp~~y ~ss gned a~+d deliy~r~d ~o '
•ny heW by u~d MORtGAGEE ~i FurthN tecuriry to said mor~pap~ deb~, ~nd, not b~i tMn t~n (10) d~ys in aJv~x~ of iM exp~~a~~on ol ~ach pol~cy, to d~-
I~ver to Nid MORTGAGEE ~ renewal tMrwf, lopeth~~ wi~h • reteipl fw tM pr~rnivm of sucA ~cnew~l; ~~d thsre shatl be ~w I~re or winds~or~n in~urant~
pl~c~d on ~ny of said b~,itd~rys. ~ny iniare~t ~he~a;n or parl tF+erwf, untess in tM fo~m ~rd wi~h tM loss paYabl~ as ato~e~aid: ~nd ~n the ~vent any tum
of monty becom~i payable unde~ iuth policy p potKros ~sid MORTGAGEE ~hall Mw ~M opi~a+ to receive and sppfy tha sa~ne on •ccoun~ of the indebred
ns~s Ncw~d hertby w ro pe~mil said MORTGAGORS lo recsrvs snd us~ i1 w any pan the~~ot br o~hrr pur~:oset, v+~~ho.,t ifi:•~,u~ w~~.~~~~ o~ ~~f:p„~r-
ing any puity, IiM a right unde~ a by virtw of this morc9ps; ~nd in th~ ~ve~t u~d MORTGAGORS ~hall iw any reawn fail to keep ~he sa~d p.~.nius w
insu~ed, w fail 1o deliver promptly ~ny of iaid policies of in~uranc~ to s~id MORiGAGEE, w fail prompNy to pay fuNy any p~e~n~um Iherela w in any
~eapect f~il b pNtwm, d~uhug~, exetuls, lltett, complete, tomply with and ~bid~ by Ihit tove~anl, or any pa~1 hereol, said MGRTGAGEE msy place a~~d
pay (or iuch In~u~arece w any p+rt thereof w~~hou1 waivinp a affac~irq.any op~ion, li~n, equiry, w ripht under a by virtue of ~h~s Matpaye, and the
f~ll amount ol each ~nd ev~ry such payment shall be immediately dw and payabt~ ~nd ~hall bear interest irom ~hs date thereo( un~il pa~d at the ra~e ol
n~ne pe~ centum pe~ annum a~d ~ogether with such interest shall be secur~d by 1FK li~n o( this mortpa~e. _
i. To ~amii, ~n.nit w iviie~ nb waai~, impairment 6r deieriorafitin of said p`opNiy or any pa?1 fiix~eof.
5. To pay all a~d tingular the cwts, cMrges and expen~es, incl~d:rg a ro~son+ble anorney's fee and costs of ~bsnacts o1 tiite, incurred w paid at
any time by seid MORiGAG:E, becaus~ ot in the ~v~nt of the tailur~ on tM parl of Ihs i~id MORTGAGOR to duly, promptly •nd fuily pe~fwm, d~xharg~.
execut~, elfect, comple~~, comply w~th ~nd eb~de by •xh and every ~hs stipvlations, apreementi, tonditiona, and covena~ts of said prom~~sory r?ote and this
mortgsye any or e~ther, and sa.d cou~, cha~~es snd aepeoses, each and every, sMll ba immedi~tely dw and payabte; whe~her or not fhero be eonce de~
mand, attemp~ to collect or ~uit pend~rg; and ~ha fufl amovnt of each and every s~ch paymen~ ahall bea. intere~t from the date ~he~rot until paid a~ ~he
.~re o~ nine per crnwm per am~um; and all said tosf~, chargea and expensea incurred or paid, together w~~h such imerest, thall be secured by fhe lien of this
matpag~.
6. That (a) in fhe svs~t of any br~~ch of this Mortgsg~ w deiault on tl,~ parl of ths MORTGAGOR, a(b) in tM event any of sa~d sumi of mo~ey
herein r~ierred ~o be ~ot pranptly and lutly paid within Iharry (30) days neat after the same seve~ally become due and payabte, wifhout demand or notice,
or (c) in the evem each and every the s~ipvtations, agreements, cond~tions and covenants of sa:d promisswy note and ~h~s mortgage any w either a?e not
iuly, p~ompNy snd fu11y pe~fwmed, d~uMrged, executad, effected, campkted, complied wiih snd abided by, then in e~ther w any •vch event tM said +g
gregatt wm mentaoed in said promissory note then remainirg unpaid, with iMerest atcrucd, and all moneys setured hereby, shall becorne dut and psy~
eb:e (wthwith, w thcreaf~er, at the oprion of said MORTGAGEE, at fully and comptetely as if all of the said sums of money were w~gina:ly st~puia~cd
ro be pa~d on such day, any~hing in sa:d promissay note w in this Mortgage to the contrary notwi~hs~and~ng; and the~eupon or therea(eer at rhe op~~on of
ea;d MORTGAGEE, wi~hout notice or demand, suit at law or in equity, thcrefwe w thereafter begun, may be proxcuted as it all mo~eys secured hereby
nad matorcd pnot lo ds insutuhon.
7. That in the event that n the beginning of a at any time pendirg any suit upon this Morepage, o~ to fwecloae it, w to reform tt, or to enforce
payment of sny clai~rs he.eunder, said MORTGAGEE ~Aall apply to the Court having jur~sd~ction thereof for rhe appo~ntment of a Receiver, such Cour~ shall
forthwith ~ppoinf a receiver of said mwtgayed propeny atl •nd singular, includ~ng atl and singul~r Ihs incoms, p~of~ts, issues and revenues irom whatever
so~rce derived, each and every of which, it being expressfy unders~ood, is hereby mortgaged a~ if spec~ficalfy set fath and desuibed in ti~e yranting and
hnbendum clauus hereof, and suth Receiver thall have •If the b?oad and sftective (unct~ons and powers in anywise eotrusted by a Courf lo ~ Receire~, and
s~ch appointment shall be made by such Cou?t ea an admittcd equity and s matter of absolute righ~ to ssid MORiGAGEE, and w~~hout refere~ce to the
edequacy or in~dcqvacy of the v~lue of the prope~ty mortgaged or to the so:vency or insolvency ol said MORTGAGOR o~ the defendants, artd ~hat such
renrs, profits, income, iuues and revenues shall be applied by such Receiver accordi~g to the lien a equity of sa~d MORTGAGEE and ~he prscrice oF such
Court. ,
8. To duty, promptly and fully perfwm, discharge, e:ecute, effect, complete, comply w~th and abide by eaci~ and every the atipulations, agreementt,
conditions and covenan~s in sa~d promisswy note and this mwtgsge ~et fath_
9. TFu~ in the event the ownership of the mortgaged premises, o. any psrt thereof, becomes vested in • person other lhan the MORTGAGOR, the
~:.ORiGAGEE, in successon and assigns, may, without no~ice to Ihe MOR7GAOR, deal with such successor p successor in interest with reference to thii
mc~~gage and the debl hereby secured in the same manner as.with Mortgagw without in any way viuatirtg or d~uharging the Nlortgagori IiabiGty F?ere~
~~~dr~ « upon the debi lxveby setvr~. No sale oYthe Fremius hereby mortgaged and no forbe~ranoe on tFN part oi ~he MORiGAGEE w its ~uccessors
or ass~g.n and no extension of the time fw tF+e paymenf of the debf hereby srcured giyeri by the AhORTGAGEE or its succtasors w asi~gns, .I~all operate
~o re!eax, d~uhar~e, modiFy change or aifect the originel liabil~ty of the MORTGAGOR herein, either in whok w ie part.
10. It is spec~fically agreed that time is of fhe essence of Ihis contract and thal no waiver of any obligatipn hereunder or of the oblig~tion se-
cured hereby shsll at any time thcreafter be held to be a wairer of the terms htreof a of the inst?ument setured herby. ,
12. In add,tio~ ro the forego:ng monthly payments of princ'pal and interest required by fhe pron+issory no!e secured Mreby, mortgag~r ~ovenants
a^d agrees to pay to moztgagee with each momhly pay~.~ero an add~~ional s~m esnmated by mortgagee to be equal to 1; 12 of the annua~ cost of the foUow-
~:,q:
A-All real property taxrs levied or assessed agai~st the above descri5ed reat estate.
B-Prem~u~n~ on fire and win~storm insurar.ce as here~n rrqu~red to be carried on the improveme~ts situate on the above d~scr~bed premises.
C-Premiums on such mortgage gvaranry inswar,ce as mortgaqee shsll from eme ~o time deem fit fo carry on the ban iecured hereby. _
Mortgagee shail from ?ime to time notify mcxtgsgor ~n writing of the amo~~t due and p~yable Ixrew~der and such sum shall thereupon be due and
; ayabte on the due date of ~he next monthty paymem and each successive momh thereaher urtil mptgsgee shali not~fy mortgagor of a chartge in such
~-.ount. $~h sums sFa!1 bc applied by mwtgagee toward the payment of ~eal property taxes, insuror~ce prem:ums, and mortgage guaranty insurance
~ ;~reml~ms. . '
IN WITNESS WHEREOf, the uid MORTGAGOR has hereunto set his hsnd and seal the day year firsl aforesa~d.
SiQned, Sealed and delivered in the p?esence of: ~
- ~s ~ooR~s~ j~~,~Eel~.~.~..~' k.n
_ ~~1yf1~?- ames A. Whitehurst ~x~n
i~OCfP. P011AAS
j X ~
C~fAt( C••~CUIT COUFj (Sest)
~ _ _ ~ c . ;~-::,c~f[1 ~ / " aD
~ SiATE OF FLORIDA ` u~ 7 Maril E. Whitehurst
€ ~ouvttr oF St . Luc ie 3 38 PI"1 ?
3'72308
Before me personaliy appeared .IdNeS A. Whitehurst
Mari lyn F WZ]lt@~11TSt ^ his wi(e, to me well krawn and known fo me to be ~
the individuets dewibed in a~d who executed the foregany instrument and ed fwe me that they'executed the sar.~e ior the ptrrposes ;
~ Marilyn F~~i~ite~iurst ~
therein expretsed. And the sai
se of the wid Ja me s . Wh i t e hu r s t ~pon a separete and priv~te
e,am~natio~ by me taken uparate and apart /rom her said husband, adu~owledped to end before me that she executed uid instrumeM freely and volur?~
ra~.iy a~d without sny compulsion, constraint, apprehension, w feu of w from her said Iwsband,
WITNESS my hsnd and official seal this day of "Ju iy q. p ~q 77
~ .
~ ' ' : -
~ ' ary Public in end fw the State oS~ r~a ~t lary~ . •
"S y Commiaiwn ~xpires: ~ ~
~ Reru+n To: ' ~ , ' ~ j
Firtt Feder~l Savings 3 loan Associauon ~ 1e ~t ~
y Of Fort P erce. , µp~ PU~. ~j-
? fort Pierce. Flwida ~y (~pp'~p~~~ 8: t.
~wdwl b ~'~!i a C~wi1ry.G~.ww ~i:~ ~b~
~ _ ~ _ •~.f T .
y Donald Hughes ,~7 ! ,l'~~;,.`~ i
= This Instrument Prepared By ~ ' `
F~rst Federal Savings ~ Loan Association
of Fort Pierce
Fort Pie: ce, Florida 33450 -
S
`hPCked BY ~
. sao~ 271 PacE 3~ ~ ;
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