HomeMy WebLinkAbout0729 J. To plscs and conunvo~sly keep on !i~e b~~ J~~.ga n~w w h~reeh~r L~I~~t~ Or sa~d I~nd ~nd on ~II rq~~~.~ne~e snd person~li+ COYtfC<~ ~1'~ ~hi~ mo~1y-
wilh •I) pamwm~ ti•rrron pa.d in f~ll, hre ~ns~rance ~n ~Fw ~fu~l standsrd pol~ty lo~m, ~n ~ fum ~Vp~u.tJ by the MUiI.'v%~LiE, a~,d wu~ds~otm
~~sw~nc~ in IAt uswl uanda.d poL<y fonn, in ~?um ayprowed by iha MURTGAGEE, in ~uch canp~ny o~ co•~~p•n~as as ~M MOk1:;AGEE may
d~rec~; and •II tir~ ~nd w;n<l~~orm ~ns~ranc~ pofu~~ on any of i~~d bv~~d~nys. any inlpretl Ihertin u~ pa.~ ~A.:roof, in the •yg~• gara su~n •Iwa~~~d or
In ~atttf 1M~eol, ~haU ca+ta~n tM utwl ~ta~iderd ma~gsye~ tlaufs or wth other ~~~us~ ~s rM Mat9~gcs may rery~~t~, m~\~ng tlrr ~o» ~nJrr sa~d poli- '
u~~, ~~ch ~nd evtry, pa~abi• ~o sa~d MORfGAGEE a~ ~n iroe~est m~y •pp~ar, ~nd each ~r.d •~ery ~uch poi,c~ sh~11 1» p~o.~,p~~y afsg~~cd •nd de~ire~td to
•n~ held by s~id MORtGAGEE as lurthe~ ~eturi?y lo ta~d mor~9~Q~ debt, snd, no1 k~~ Iha~ ten (10) days in ad.a~ue of the e+pue~~un ol cach poi~cy, ~o d~-
hv~r ro sa~d MORTGAGEE a ~enewal Iheteof, IogetMr wi~A • rece~p~ for Ihe p~~m~um ot suth ronew~l; a~d there •tail be ~w 1•ie o~ +~indttonn u.turance ~
pl~c~d on ~ny of sad bviW~ng~, •ny intrresl ~herom a p~~~ ~Re~eof, unles~ in tha form arKJ M,ith ~h~ loss ps~au!• e• aforesa~d; en~ in ihe e~cnl any ~um
of mon~y be~om~s peyable under such pol;cy a poLciei iaid MORTGAGEE fhall h~vs ~he op~~on to receive a~~d apy~~ the sa~~e o~ ,~ccoun~ oi ~he inc~b~ed- .
nea secu~td haeby a to pennd sa~d MORTGAGORS to rocaiv and uf~ it p eny p<:rf ~?.r.eol Ic~ o:~~rr i.w, .ses. ...~i:•.,r ~n • ~:,r ~•np~~.• '
~~+g +~y pwty. lisn w ~gA~ unde~ w by vi~tw of this mortype; and in th~ evem ~a~d MpRTGAGORS fhaq fw any ren~on ia~l to kaen ~he ~a~d prem~sef w~~ ~
infured, pr (sil !o drlivcr prpnptly ~ny p1 smd pol~t~es ol iniur~ncs to ~a~d MORiGAGEE, d fa~l pro:~nptly fo pay fu~ly any pr.~•.+~~~n thc~e~u~ or in a~y ~j
.especl leil to pe~(wm, dnch~~qe, exec~te, effed, compte~a, co~:~ply with and abids by ~h~~ tovenant, o~ any part hareoi, ~a~d Mi.Rf ~.:GEE may p~~ce s~~d
paY fa ~uch in~urence w eny ~ art thereo( w~~hou~ w~iv~ng a alfeuinp any opt~on, lien, eqv~fy. a Nght ~nder or b~ v~rr„r ot rh~s Aa.or~geye. and the
f~ll amount o} esch and e.ery such payment ihall be immedisteiy dw •nd payabls ~~K! shali beu intere~~ from ths derd therrof wvi! p.,~d a~ ~he ~ate ol .
n~ne pc'? centum per ann~:n and ro~eth~r M~~ih wch ~n!r~cs~ shal~ tx secured by the lien o( thii mortpps.
1, To permit, commit a su}Fer no wa~t~, impairment w deter~o?ation o( aaid property or any part thereof.
5. To pay all and iir.gul~r the cwti, charges snd expenset, includ~ng a reasonable anwneyi iee and cos~s o( abstracts oi t~N.e, ~ncur.ed or pa~d af
any time by sa~d MORTGAGEE, because o~ in the ~veM of ~he la~lure on ~he part of ~he said MORTGAGOR to d~1y, pro.~,ptly ~~u! futly ~riam, d~icherg~
e.ecut~, effect, complefe, canply wah and ab;de by uch •nd every ~he it~pulauons, agreen,ents, cond~nors, •nd covenania oi se~d p~omusory note and ihii
mo~ryage arty or eiflxr, and sa.d cofb, ch~rges and e,~cen~,:i, rach arx! every, ~hall be immed~etely due end payable; whrrher or npt ~here be nw~ce dr
mend, atrempt to co(lec? or tuit pendmg; and 1he (utl amount oi each and every auch paymeM shall bea. inreres~ frp.n the da!e the~eof ~ntii pa~d at the
~.~re of n;ne per centucn an~,u~n; end aN said cos~s. ct:arges and eapen~es mcu~red'a paid, toge~her weh wch interast, shatl be sec~red by the Gen of th~~
martgay~e,
6. That (a) in ~he even~ of any breach of this Mortgage or def~ult on tFr part of the MORTGAGOR, w(b) in the event •ny of sa'd sums of money
herei~ roferred to be not p~omp~ly and lully paid w~rhin th:rty (JO) deys next atrer the same seve•alty bccome due and peyoLle, witiav~ damand or notice,
or (c) in the even~ each and every the stiputations, agrcements, cond~t~ons and covenants o! sa.d promisso~y note and th.s rwrtgage any or e~~hcr are not
~uly, prompHy anci fu11y pe~Swmed, d.schargcd, e~cecuted, ef}ected. tompletrd, compGed with and ab~ded 5y, then in either w anv scch eveN the sa~d ag-
g.egate wm mentwned in ssid prom~sawy note then remaining unp~~, with interest accTued, and alf moneys aec~red hereby, shall become due and pay-
eb~e }orthwith, w rhereafier, af the option Of said MOR)GAGEE, ai lully and complete!y as ii ~II of !he sa~d sums of monty weie or~g~nally s~~p~tated
ro be pa~d on such day, anyth~ng in sa,d prom~ssay note o~ in this Mwtgage ?o the connary not+v~rhs~and~ng; and ~here~pon w t~ereafter at the opnon of
se,d MORTGAGEE, without r.ohce or demand, suit at laar or in equ~ty, therriore or thereaher beg~n, may be pro~ewred as ii a? monEyt secured hereb~
nad mawrcd pnor to ds inst~tvhon.
7. Tha~ in the event that at the beginning o( or •t any time pend~ng ~ny suit upon fh;s Matgage, or to Foreclose it, w to refwm it, or to enforce
paymenf of any cimms he~eunder, sa~~ MORTGAGfE shall apply to the Cou~t hav~ng ~~r~id.ction thereof iw fhe appointment oi • RecNver, tuch Co~rt shall
forrhwith ~ppoint a receiver of said mwtgaged property elt and singula?, inctud ng all and a~ngular ~he income, prohts, iss~es and revenues f~om whaeeve~
aou.ce derived, each and every oi wh;ch, 1t be/ng exp~easly under~~ood, is Mreby mor~gaged as i1 ~pec~ficaily set forth and deuribed in ~he granhr,g and
h~bend~m cl~uus hereof, and such Receiver shall have •11 the b~oad arx! effect~ve funct.ons and powers in anyw~se entrustrd by a Covr~ to a Recriver, ar.d
s•.ch appointment ahaU be made by such Court as an admitted eyu~ty and a matter of ebsolute i~ght to said MORTGAGEE, and wrthoul referrnce ro the
eciequaty or insdequaty o~ the vaiue ol the pro~erty mprtgaged o? to tht sotvency or ~nsolventy o~ said MORiGAGOR p the detendents, and that s~ci~
rents, prolita, incane, issurs and revenues shall be applied by such Receiver accord~ng to t~e tien or eqvity of said MORTGAGEE a~d the praceice of such
Court. '
8. To duly, promptty and (ully p~rfo.m, d~scharge, execute, effect, compiete, comply with and abide by each and every the ~t;pulat;ons, agreemenfs,
cond~r~on~ and co~en~ms m sa~d p~omfuory note and this m«rgage set fo~th_
9. That in the event rhe ownership of the mortgag~d premises, p any part thereof, becomcs ves?ed in ~ perwn other than the MORTGAGOR, the
I:',ORTGAGEE, its successon and ass~gns, may, without nonce to the MORTGAOR, dea~ w~~h such succeu~? w?~cce~sor in ,nterest w~+h refr.ence to thls
R~o~tqage and iF~c deb~ hereby secured in rhe same manne~ as with /Mregagor w~thout in a~y way vit:ating or d~uha~g~ng fF~e /Aprry,;~prf 1~ab,I;ty h~~~.
under or upon the debt hereby xcured. No sale of the prert~ises hereby mo~tgagetl and no forbearance o~ IFa part oi the ?~10RTGi+GEE or its sutcessors
cr ass~gns and no exfensdon of the time fw the payrcent of tt;e debt he.ety sccu.ed qiven by the MORTGAGEE or its a~ccessws or ass gns, a1.a11 operate
ro re~eau, d~xharge, modify ~hange or affect the orig~nal I~ab:i~ty of the NIORTGAGOR herein, either in whole or in parr.
10. It is spectflcahy agr~ rhar r~me is of the essence of rhis confract ar,d that no wsiver of any obt;gat~on hereunder or of the obligat~on sr
c~red bereby shah at any rime rhereaher be he:d to be a wa~,er of the terms her~f o~ af tFx instr~ment secured he~by_
11. In aJd t;o~ to thP Fo.ego r.q moo±h!y paym=n~s af princ pat and interest required by the prom:sscry nc~e sccured herab~, mortya~or tovenanta
~~d agrces to pay to n:o•rga~ee wrtA each mon~h~y p~~~,.ent an add i~onat aum esn~:ared by mortgagee to be e•~uai to 1 12 oS rhr d~~n~aS cost oi ihe follow-
n
A-All .eai properr~ taw~s lened o+ essessad agai•:sr th~ ahove described real esrare.
B-Prem~~•ns on fne and w~nds1oam ~nsur~r~e as iierc~n rcqv~rcd to be carrred on. the improvemeits situate on the abovc desu~bed prem~ses.
C-Prem~ums o~ such mortgage guaranty inaurar,ce as mortgagee sha~l from t me to time drem fit to tarry o~ tAe loan secu:ed he~eby_
Mwtgag¢e shaf~ 4.cm nme to ~~~r:e notily mortgagor ~n ,rvri~.ng of the amou~t du~ and psyable hereunder and svch sum shail thereopon be due and
, ,~~ab!e on the due date of rhA ne:t monthiy paymem and each successive moroh thereaher ur.til mortgagee shall notify mortgagor of a change in such
~,~ount. Such sums sFall 4~e ep~.i;z~ F.y mortgagee towa:d rhe pa~ment oF real property taaes, 7isurance prem.ums, and mcrryege guaraMy insurance
::•e~nfums.
IN WITNESS YINFREOF, ihe said MORTGAGOR has he~eu~ro ser h~s ha~d ar+d scal the day and year first aforesaid. '
i Sipned, Seated and delivered in Ihe presence of:
~ ~ri'~CLG~~ ~/~7lCl~',L~ rc~aq
Charles A. ~1cCorts ~~~n
~
~ - t5ea1)
~ ~ - : - ~ Z1 'l 'L (Seaq
` ~ Jacolyn . McCozts
Si:.TE OF FLORIDA ~ .
CJUNTY OF SY _ l ~~rip (
~ ~
sero.e me pe„o~suy ,ppea,ed Ch a r 1 e s A, ylcCor t s
and
_ Jacolyn 1., ,1CCOYtS his w~fe, to me well k~owr. ~~v) known to me to be
rhe individvals dexribed in and who executed the foregaing instrument, ~nd acknowledged befwe me that they eaecuted tix ssmi?`(~ _~he purposes
!Fe•ein exptessed. And the said--_--~~~r+/,;zn ( ~1~•('nrt c - .
~ `e of the said , _['tL-a r 1 a c A titC['nr t g y~~ ~ xpxi~ ~ yrivate
e.~•n nation by nx taken uparate and apart from her sa~d husband, scknowledged to and before me that she executed said iprrlirnenf ftee{~f.end volun-
=•~:y and w~thovt any compulsion, constraint, epprehens+on, w fear of a from h e r s a i d h y s b
~ n d. .
WITNESS my hand and offiual seel thi~ day of '~v ly " A: D:; {977
_ ~ L~
Note Public in and (w the Stst! • N. Fbrid! if i1~e
. My Comm;ssion expirq: . • ~
Return To: . • ,
fi ~irst Federal Savings 8 loan Associat~on .
Lg Of fort P erce
z~ Fort V~erce. Florida ~N, S~~iC G~ i'C' ;,t~ ,:t
~ • • ~ ~O:~s:;isxa~ Fx.::M ;J o, lyv{~
!~d ~7 I1Met:+~ ~r~ l Srwb S~N~
~
~ This Instrument Pre ared B 9
~ p y Dona lc! E. Hu he s i11E0 ANO N~~oR~EO
F~rst Federal Savings 8~ Loan Association aT• LUCIE COUMTr FLA.
of Fort Pierce ROCER POITRAS
Fort Pierce, Florida 33450 Ci f 4K CIitCU~T COUAT
. " T! ~IFIEO~ / .
l_ ~?nC~CCd BY ~ ~0 'O 17~ , f I
Bv~z71,,~ 7z9 3~zs~~~ ~