HomeMy WebLinkAbout0883 J. io place and cont~nvo~sty keep on tn~ b~~ d.ng~ ~~o.v o~ he~raher ~aueN or t~~d isnd snd on e: .•q~~p~r,~•m a~ d~.erwnell~ covrrrd b~ +h;~ n~oreg
eqe, wilh •II p~rm~un~s thr~eon ~.o:d ~n fu~~ luc in~,~~nce Ihe wua~ f~snds~d poLcy form, ~n • tiun+ a~,peu.rd b~ i1~e 1Auk v:.I,EE, o~~J +v~~~Ja~orm
,nsvr~nt~ io the ui~al ~+ande~d pol,cy lorm, in a w~n ~p~,~uyed by tM MORiG~GEE, in tuch co~npeny or con,;•ar: ef af tl~e 1:~ORiC,AGEE mey ~
d~recr, and all hr• and w~nJ~wrm inwrance poi~c~rs on •ny of •a~d bu~id.n9f. •ny interett Ihercin ot parl ~hrreol. the ey9~•:ge~r ium •lure~a~d a
in sac~fs ~hereof, ~Aall conra~n tha utivel atandard mwtg~ge~ cla~s~ or iuch orhe~ c~ause the Mwiyoyes msy ~eq~,rs, me?~nt~ ~ne ~oati u~~Jar s,~d poti-
ue~. e~th •nd every, payab!e ro•s~d MORTGAGEE ~f ~tt ~n~urc~l may •ppe~~, •nd each and eve~y wch pi,i~c/ tha~l hr {:~omptiy assg~~eJ snd de~~.r~rd to ~
any held by sald MOR(GAGEE iur~her ~ecuri?y to s+ld n~ortgag~ deb~, and, not teu than ~en (IQ) day~ in adrance ol ~ix e,p~ref.on of e~ch po~:ty, to d~•
I,ver lo s~~d MORiGl1GEE a ronewal thereof, to9Nh~r w~th a rece~p~ (or ~he prrmwm ol iuch renewa~; a~xl fhero shaif br ~w i.~r o~ ~n•~~~l:i~~:~~ u.swenes
pleced On any ol sr:d bu~ld~ngs, any intrrest ihrre~~ or psrl Iherrol, unirsi.in ~he (orm and wuh ~he ioas payai.Ie os .,}o~csmd; a~ J m the e+enl any tum
ol money becanes parable untle? wch polity w pol~uos said MURTGAGEE shell have the oyl~on ro rrcc~ve and opp'y the sr.n~e on eceo~.~~ of the b~drbt~•d- _
ness tecurad F~e~aby or Io pann~f sa=d MORiGAGORS ro receive ~nd ~~s it p any p~rt t6cr~•o1 lor or~~•. ~.~.r; c+.: ~r.,:r ~i~ , ti:.., .p.~~-
~~g enY pwty, lien w ~igh1 u~+der or by virtw of this moreyege; •nd in ths •ven~ ~a~d MORiGAGORS shetl !w any reason lall ro knep the sa~d p~em~sc~ so • •
~nwred, w iait~to del~~er pranpHy •ny of ae~d pol~c~es o! insurante to sa~d MORiGAC-~f, or iaii pron~ptly ~o ~,ay l~:ty eny Frr•~~:~•n ~hrirfor or m a~y •
reipect lail to pe~Form, d~seharge, eaecute, e1(rc~, cu~~pl~!~, ~omply w~th and ab~de by th~~ coven~n~, or any part h,e~eof, ~n~J Mvkl,iiaGLE may p.ece a~0 r'
pay tor such insurance or •ny part tMreof wuhout w~ivinq or aljectinq •ny option, Gen, equ:ty, o~ riqhl under or br vi:tur o~ th~• ~1!o~tg,+~a, ~~d ~he ~
t~•U a~nouro of each and e.ery auch paymenl shall ba ~mmedistely dw •nd payable and ~F.all brzr inte~rit fro~n iha d.,tz ~hercoF v~o~l y~~d at rhe rote o~
„~ne pe• centum ue~ annu.n and togr~her with such ~nteres~ ahal~ tx secured 6y ~he lien o~ thi~ monqage.
1. To permit, commit or wtfer no vv~st~, impairnxm or detcrbrot~on of said property a any part theroof.
5. To pey all and singular the costs, tharges and expenses, ~nclud~ng a reasonable atto~~ey'f fee s~d co~~s ef sbsvacts of t~Ne, incun_d o~ pa~d at
any time by faid MORIGAGfE, because a in the event o~ the fa~l~re on the part of ~he said MORTGAGOR to duly, pro~nptly and luliy pvriorm, d~xharge
,.xecute, e11et~, complete, canply wuh and ab:de by each a~+d every IAe stipu~a~~ons, ag~eemem~, condit~ons, ind co~enann of se~d p~o-r~~ssory rwte •nd ~his
~~or~gaga any or e~~her, and sa d tosts, charges and eYpenses, each and every, shall be immrd~ate~y due and payab:e; v:hether o. no+ ~ho~e tx na~ce d~
me~d, attempl ro coliect or svit pendmg; and tiu f~ll amount of each snd e~ery s~ch paymem ~hall bea. inr~rrat trom rh~ date thrreol uniit pa~d at tne
r~ o~ ni.x per c~~nru.n ~:er annum; and el{ sa~d cesn, c1~a~3rs and ra,~rnsra ~ncurred w pa~d, ~ogether wnh auch ~nferesl, shall be src~red by the I~rn o( th.~
mert9a9l.
Q Tha1 (a) in the event of any breach of thii AM~rrgage or defaufr on tM parf oi Ihe MORTGAGOR, a;~) in the eve~1 any of sa'd •urns of money
here~n referred to be ~ot proinptly and lully paid within th:rty ~3G) deys next at~er the sa~~~e se+erot:y brco~ne due and pa~uble, w~ti~ou! de~na~~d or notice.
or ~c) in the event each and every ~he atipulations, a~rrements, cond~r~ons a~d covenants of sa d promissory nore a.~d ~h.s mortqaye any or e~rher a~e no~
iuly, promptly and lufly performed, d~scha~ged, exec~trd, effeued, completed, compGed wi~h ar.d ab+ded 5y, ihen in e~iher « any wch evem the sa~d ag-
gregate sum menfioned in ;a~d promisso~y no~e then rema~ning unpaid, with mrerest accrued, a..d aai moneys Sccured hereby, shaH t+rco.:~e d~a and pay-
eo e(o~thwith, or therea~~er, at rhe opr~on of se~d MG~2TGAGEE, as fully and comple~ely as ii atl of tl~e se~d wms of ~~oney nere ur,g,na.~y st~pvtated
~c be pa~d o~ such day, anyrh~ng in sa:d prom~siory nore or in ~his Mo~tgage to ~he contrery notrv~tF.standing; and ~hereupon or thereaiter aT ~he op~.on oi
s+ d MORTGAGEE, v~rthout not~ce or demend, suit al faw or in equi~y, therefore or thereafler beyun, n~a~ Ix pcwewted as ~f all monrys secured herob~
?:d matured prcp fp As inil~Wtion. .
7. That in tfie event ~haf at the beginn~ng of or at any time pend~ng any w~t upon this Mo~tgage, o~ to fo+eclose it, or to retoim ii, or to enFc.ce
~~yment of any d.+ims he~eunder, sa~d MORTGAGEE shall apply to the Court hav~r.g ~ur.sd.r.~o.~ ft~ereot for ~he eppo~+~rmen~ of a Rece~ver, such Ccurt shail
t~rshwith appoinl a receiver o? sa~d mortgaged proparty all and singular, includ ng o~l and smguiar the income, p~ofes, issves acd reve~~~ea 1rom whatzver
scu•ce derived, each and every of whlch, it be~ng expresa'y undr~stood, is Fereby mortgaged as if speuf~cally set forth a~d descr~bed in the granYing and
hak;e~~dum cla~ses hereof, and such Receiver shall have al~ the broad and eflec!lve fv~.~t•ons and powers in anyw~se entrusred by s Cou+t to • Receiver, ar•d
f_ch appoinrma~~t ~heu be made by s~ch Court as an admiftrd eqwry and a ma~ter of absoiute rlght to sa~d MORTGAGEE, and v:~Tbcut ~e(errnce to the
a.=.~~a~~cy w inadeqvaty of the value of the properly mortgaged or to the sav~ncy or ~nsulvency of aa+d MORiGAGOR or the defe~,Jar.ts, a~~d thot such
-,~s. proirts, incane, issues and revenues shall be appued by svch Rece~ver accord~r.g ~o rhe lirn w equity ol sa~d MORiGAGEE a~.d the pracnce of such
Court.
8. To dufy, prompt}y nnd fuily p~rform, d~scharge, exec~te, effect, compiete, comply wirh and abide by each and every the st~p~;!a~ions, agreements.
c~r.d:tions and covrnants ~n se~d prom~saory note and th;s mor~gage set forth. ~
9. That in the event the o~anership of the mortgaged prem:ses, or any part thereof, becomes vested in a per=on othe~ than the 11.~:RTGAGOR, the
:'.C~,2TGAGEE, its succeisors and asrgns, may, w~thout nG~KC !o the MORiGApR, deal wnh a~ch successw w successw i~ mterest v~nh ref~rence to th~s
~ s~rgage and the d_•bt herebv secured in the same manner as wah Mortgagor wi~ho~t io any way vit;ating or d~schargmg the Iho~:gagori liabddy here-
d~r o~ upw~ the drbt hereb~ secured. Plo sale of ~he premisrs hereby mortgaqed and no forbearance on the part oi the IdORiGAGEE or ~ts wccessors
c- ass~9na and no earens~on of The ~~r•~e fw the payrcenf oi the drb+ hereby secured yiven by the fAORTGAGEE or ~ts tuccessors or ass gns, ,Laii aperate
ic, re'zase, d,sclwrge, mod~fy change or affect the or~y~nal tiao~i~ty of the /~OStiGAGOR Fxeein, e~ther in whole or in part.
10. It is speui~ca'~~ agreed that time is of the essencr ef th~s contract and that no waiver of any ob:~gat;on hereunder o+ of the ob!igation se-
raed hercny shah at an~ t~me ehereafrer be he:d to be a wm~er of the terms hereof or of 1he instrument sewred herby. '
I l. In adJ.t:cn !o the forego ng mc~rhly pavm~nts of pr~nc paf and interes~ requ~red by the prom sicry no~e sacured her~•b/, mottgi~o~ covenar.ts
~ J o3~ees ro pay to mo-tgagee +ti~!h each mornh:y pa~~.;ent an add~+~onai sum rst:a~ared b~ morrgagee to be equal to i i2 of sL~ .,n=,,.at cost of the fo~iox-
i
A-A? ~eal Frop~~r~ tax:s 1e,~zd or .jssess_d ag3~•,s: tFe above desa~bcd reat esiate.
B--Pr~rc~u~r+s on hre and w~nduorm ~nsurac~e as nerem reqv red so be carri~d on the ~m, roveme~ts s:tua;e on the above desulbed prem~ses.
C-Premiv~r.s o~ such mortg,ge guaranty ir.w~a.•ce as ~no~tgaqee shalt from t~mr ro t~me deem f~t to carry on the loan s:_cvred hereby.
rdortgagee s~+a'I i~cm rf~ne ~o f~me not~fy mongagcr ~n ~r~r:ng of the e~~o~~r dve and payabte hereunde• and such w~~ sh.i!1 ihereu~on be due and
,=b:e on the d~e date of rhe n•,¦t moroh:~ pay~nem and each success~ve mor.th thereafMr ur.tii mcrtgagee sh~ll notify mort9agor of a change in such .
:~^t. $~Lh sums s~a:i be ap~.'ied by mortgagee to.vad ti,e payment of reai property ta:es, insurance prem.ums, and mcrtgage quaranty ir.sursnce
c ~wms.
!N \'ATNESS `.VHEREOF, the ssid ~dORTGAGOR has herevnto set hiz hand and seai the day and year rst a resaid.
Sgned, Sealed and delivered in the presence ot: ~
' - p~p AMO ItECOftUEb +4
E sT ~1C~E ~O~MTrs~~ The ma L. !)ix~n ~~ai~
i _ , IIOGEa?O~.RA, a s le adult
~ - ~ a ~ . - . ':.E~%K :~~GU~i COIJ°•T ~ (Seaq
~ - - t~lC~1 ' iSesl)
~ JI:.U',ITOYFOFOR~_t . LtlCle_ i ~U ~ 5g f • . •
~ 3'72656
~ Befae me personally appeared T he 1~1:~ i. Jlxol'1 ~ g single 8C~tllt.
]lOC]{rlUC to me weli known and known to me to be
rhe individusl described in and who execvted the fwe9oing instrument, and acknowfedged before me that5 he executed the same for the=p~yp6sp
~•.ero~~ e7[prlSSed. X1dpIQOC~dd . . - ~ .
x,scac~afc~cxsrec__ ~~S?Z~~rT~$i~ ~1f~F~
:~xaa~moc~~c~moassaar~aw~cr~c.~x~acsa~ixe~x„~ca~#c~xuagzact~~acQ.tr~,x~casKZ~r.z~~t~c,~as~~at~c,~ac~x.-' .
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~ ,~~E~ac~[~tZJ6~Xoi~df~ifo7i?43)kii~fr~,Ke$~4~r+i~T,~fi~K?.xoiX~?GJnXRe?~Ti~B~X,axz .
WITNESS my hand and official :eal thit ~ d~L-~. day of .~U 1 'A p~~-'
'-~1
& ' ,
~ _ !%~~7 ~LL~ .
Notary Pub~~c in a~d 1or the State of florida at large
~ My Comm~ss~on enpires:
Return To:
i Frst Fedtral Savings d loan Assxiat~o~
pf F~rt F.::ce t, t~.~ t ~
~ R:~31Y . n n. ~~1~
Fort P~erce. Florida fF~{ . , . . i
: iw,wd y Ar_•r._.a .r~ a :.a•...e~ :os~a~j ~
S ~
This Instrument Prepared By R, L•. Poin~?extor
~ F:rst Federal Savings 8~ Loan Association
of Fort Pierce
~ Fort P~erce, Florida 33450 6Q~xz7~ P~~ Q
0~
~ - ~ ~ked BY ~ f -
. bp
_ _ ~ ~ _
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