HomeMy WebLinkAbout0501 To pl~u and contirww~ly kkp on tM buitdin9s now a h~~~+h~r ?i~wt~ or uid la~d ~nd on ~II equipm~nt ~nd pawn~lly covered by. fhii mort¢
~y~. with ~It p~~miums tMr~oi? p~~d in fvll, lin inwr~nc~ in ~M viwl ,~•~+dud PoiKy fo?m, in ~ sum approv~d bY ~M MURtGAGEE. ar~ •:,tnd~tam
insur~ in tM wwl wnda.d po1Ky fam, in ~ sum ~pprov~d br rF» N10RTGAGEE, in such company a comp~n~~~ ~s ~M MORTGAGEE nuy
di~Klj ~nd ~11 iM~ a~d wied~fwm Mawanp policih on a~y o1 said buiW~n9f, ~ny l~qn~t thereu+ w pa.~ tMreof, in tM p~rpa~~ sum afaaa~d w
In ~:oNa tMnof, ahall co~ufn tM uswl ~~Mdard mor~sapN claut~ a~uch othN clavis ~s rM Ma~~aqN may ~puu~. m~Yinp N» ba u~der ud po1F '
cNs. ~ach and ~wry. p~Y~bl~ w said MORTGAGEE a ib fMNest m~y ~ppwr. ~nd ~acA and ~v~ry ivch policy ~hall b~ pamptly aas.yMd ~~+d d~livK~d to
.ny Mld by w~d MORTGI?GEE a tw~Mr .scway a s.id monpap. d.b~. snd, nw I~ss tiun t~ei (10) d~ys i~ adwnc~ ot tM ~xpk~tion ol tach policy, ro dr
I~va ~o ~ald MORTGAGEE a rNrwal tF?Kwf, toy~~lwr with ~ r~uipl ta IFK p~miwn of s~ch reaewal; and ~her~ ~hall b~ no fin w winds~orm inivranc~
pl~c~d on ~ny oi iaid b~iWlrgs, ~ny iMarNt tMrein w pul 1!?Nwf. ~nlei~ i~ tM fwm ~~d wi~h the loss pay~bl~ ai ~fa~aid: a~d in the ~v~nt any ~um
of mon~y bacornM payaW~ w~de~ such poliey p polici~~ uid MORTGAGEE ~hall Mw ~M option ro r~ceive and apply th~ same on accoun~ o( tM iodebted~
++sss wcw.d Mr.by a a pKmi~ said MpRTGAGORS ro receiv~ ~nd us~ tt p any part the~eof fw otner purposes, w~ihou? ~h~rfb~ wai~ing a impair-
iny any puity, li~n a ~iqh~ w~d~r a b~r virtw of ~his mortp~pe~ «+d in rM .v.nt wk! MoRTGnGOaS sheil tor any reason f•il ro keep ~M ~a~d p.mi•ss w •
iniur~d, a fait b deliv~r ptOmptly My Of s~id p0lKiN OI iniw~nc~ ro satd MORTGAGEE, p iail promptly to pay fulty any premium therefW p in any ~
r~~p~c1 (ail q pNfwnb diici~arp~, ~a~cut~, ~i(~ct, complet~, comply with and abids by tfi~i cov~nan~, a any part hareot, iaid MORiGAGEE may p~~ce and ;
paY fa wd~ 4awanc~ o~ any part tAH~of withoul waivinp w~fi~ctM+p ~ny option, li~n, pu~ty, or ripht under a by vi.tw of thi~ Mo+~pap~, +nd the .
futl amainl of ~ach ~nd ~wry such paym~nt ihall b~ irrrn~diat~ly dw ~nd pay+bl~ ~nd ihall bea~ i~teres~ from the dat~ thereof ~ntil paid ~t tFr rat~ of -
r,~ne pK cw~tum p~r anewm ~nd toyethe~ with such i~t~ros~ shaU b~ secu~ed by th~ Gen of this mohp+9e. ;
To p~tmit, oomnit or wffa no wasN, impavm~ot w dNeria~tan of ~aid prope.ty p any pa~~ tMr~of.
S. To p+y ~tl and sinpubr th~ co~q, ch~roes and ~xpMSe~, iocludirg ~ ~easaable ~ttansy i fe~ a~d cosn of abitr~cts of titt~, incuned a p+id at ;
~ny tim~ b~r ~id MORTGAGEE, b~tw~ a in th~ twnt of Ihe fsilun on th~ part of tM iaid NWRTGAGOR lo duly, p.omp~y a~d fully p~riwrty discharq~.
eaecuts, ~(fM, camplet~, oon~ly witA and ab;d~ by ~~ch ae~d wNy tF» uipulatioiu, presmanb, conditions, ~nd cowna~ts of said promissory nae and thu
ma.tpp~ aey or ~i~ha~, ~nd seid costs, cMr9~s ~nd ~apK+ssi, each ~nd ~vay, shall be immcdiately due and p~y~ble: whether a not tF+~r~ b~ notice da
mand, ~n~mpt ro to11M w wit pN+dinp; Md tM fvtl anwvnt of ~ach ~nd wery ivch payment aMll bear interei~ (rom ~he da~e thereof until paid ~t the
ra~e oi n;ne per centum pe~ aroium; and all s+id costs, charyes u+d expaues incvrred a pa~d. togethe~ wnh wch inreresl, shall b~ aecured by 1M li~n of thu
mo~tpap~.
6. 11»t in th~ ~wnt of a~ryr b.sach of tl~is Mwtqp~ o~ defwlt on tl+~ pa.t oi ~he NIORiGAGOR, or (b) in ~M ewnt ~ny of s~id wms of morKy
herein r~f~n~d to b~ no/ prompNy and fvlly paid within Ihirty (30) days next afte~ the same sewralty becar?~ due ind payabl~, withow demand a notice. .
or (cy in fM ewnt ~eath u~d ~very 1M stipulationb ayreernents, conditions and coven~nts of aaid promissay note snd thi~ mortpape arry a either are no1
i~ly, p.o~~y a~d t~iy p..form.d, disdwr~ed, ~xecvted, dfected, compkt~d, comptrcd w~~h and abided `~y, th~n in either or a~y such ~vtnt tM ~+~d a~ ~
gregat~ wen enMtaned in said promts~ory not~ then nmaininp w~prid. with int~rest acvuad, ar~d all mo~eys aecured Aereby. sMtl b~oo~n~ dw and p~y~ ~
eble forthwith, w th~reaftN, at t!w option of said NIORTGAGEE, a~ f~lly and compktely as il all cf tF+e wid wms of rtwney were ori~ir?~Ily ttiput~ted f
to be psid on wch d~Y. anytF~inQ in saw! promiuory not! a in this Mortpa9e to ~F+e confrary notwi~hstanding; and thsreupon a there~fte~ at tM op~ion of
•eid MORTGAGEE, without notic~ or dem~nd, svit at law w in puify, thsrefon w thereaFter beg~n, may be prosecuted a if all montys s~tvr~d hereby
had matur~d pnw to ib uutitution. .
7. ih~f in tM ~vcnt tMt ~t fM beginnirg of or at sny tim~ pend'inp any wit upon this Mortgage, w to fa~ctos~ h, or to refwm it, a to enfwce
payment of a~y cfaim~ hNeundN, ~aid N10RTGAGEE shall ~pply ro the Co~rt h~ving jurisdrctio~ thereof ~or the appointmeM of a Receiva, wch Car.t shall i
forthwirh appoinl • nceiver of said mort9ayed props~fY ~I) ud ~irgulu, includ~ny all and sirgular the i~come, profib, iuuK and ~~venws from whatwer ~
cource dwived. each ~~d every of which, it b~irg expres~ly und~rs~ood. is hereby mwtgaged si if tpecifiully set fath and dewibed in the yramirg u+d
habcndum clavses hereof. and such Receiva shall have ~II the broad and effective funatons and powen in anywise enfrusted by a Cou.t to • Reuiver. and
wch appointmenf sMll be m~de by wch Cowf u an ~dmined eqvity ~~d ~ m+tte~ of absolute righ~ to said MORTGAGEE, and witFw~rt rsferenu fo the
adequacy a inadeqwcy of the wlue oi the prop~rty mo.tqa~ed a to the sotvency a insolvency o( sa~d MORTGAGOR a the defendants, and that such `
re~+s, profits, income, iuues and revenws ~MI! b~ spplied by such Reclive. accord~r+p to the lien a equity of a~d NIORTGAGEE and tM practic~ of such
Court.
& To duly, P.o~+Pry H,a ~,~y ~?fo.m, d~,..9., execvte, effact, conpkte, comply w~~h and sb+d~ by each and ~wry the stipulations, agreemeots,
conditans and toverneq in said promissory note and thu mort~ag~ set forth.
9. ThN tn tlw event the ownershtp of tM mo~tyayed pre~nises, a~~r put tt~ereoi, becomcs vested in • penon o~her than ths MORiQAGOR, tM
MORTGAGEE, its woces~ors and assiy~a, m~y, withoul notice to t!r MORTGAOA, dea~ with such suctestor or s~ccetsw in interest with refe~enct to this
mortgsye and the debt Mrtby stcvred in fM same manner as with Mo?tye~w without in ~ny way vifiating p discha?gin~ the Mortyagors' li~bility here~
under or_ ~pon tM debt hereby ~wed. No sale of the premises hereby mwtgaged and no fwbear+rxe on the part of tF» N10RTGAGEE w iri wccesw~s ~
o. auig~s and no extension of the time fa the p+yment of the debt hereby secwed piven by the N10RTGAGEE a its successors w auip~s, shall operate ~
ro releas~ d~scFwrpe, modify chargt w affed tl» oripinal Gab~l+ty of ~he MORTGAGOR Fwrein, eithe~ in wFak or in p~rt.
10. It b specNiutty apreed tMt t~me is of the essence of this cont~~ct ~nd tMt no w~iwr oi any oblipauon here~nder or of th~ oblip~tion ~e- ~
cured herebp shall at ~ny time tircreaftu b~ held to b~ a w~iver of th~ t~rms hereof or of the tnstrument secured herby.
11. In addition to the fwego:ng monthly paymenb of prk+c'pal s~d interest reqvired by the promissory noie secured F~ereby. mortgsgor coveoanti .
and agrees to p~y to mort9~gse with each monthty payment an ~dd~rional wm estima~ed by monga~ee to be eqoat to 1/12 of the annwl cott of the follow-
ing:
A-All real prope~ty taxts kvied a assessed agai~st the above desvibed res~ estate. "
B-Prem~unK on fwe and windsram insursnce n i~ere~~ reqv'aeo w be urr~ed a.~ ~i~s ~~~y~u~a.~~r.in ~:svate on s:~a abova dasczib¢d premiuz.
' C-Premiums an such mort9sge 9wranty inswar~ce u mortgagee :h~ll from teme to tm~e deem tit to urry on the loan setured hereby. - ,
Mortga9ee shall from time ro tima norify mortgagq~ in writwiy of the amount due and psysbk hereu~der and wch wm shall tAereupon b~ due and
cayabie on ths dve dat! of th~.next monthiy paymenr and esch sucoessive month thereafter w.til mwtqsgea shall notify mwtpa~w of • charge in such
a~~ount. S~xh wms ahall be ~pplied by matgayee tow~rd the payment of real property taxes, irov~ance prem:ums, and mortyape puaranly insurarue
premiumt. -
IN WITNESS WHEREOF, the said MORTGAGOR hu hereunto stt ha hand ~nd se~l the dey ~nd ye+r fust aforesaid. f
f Sgr»d, Staled and delivered in ths presenct of:
I ~~~N~l~
E ~
~ ~ IIOGER TOITM~ r°t G.. anne r ~
~ CLEflR CIltG111Y COYAT
~ ^f ;~e^ ti't_RIFIEO
~ STATF FLORIDA _ ~
~ p~ 5 3 z3 PM'~~ ~ .
courm oF _ S t . I uc ie 4
8efa~ me per,au~~y ,ppeued Ibrot}~r G. Stanner ~
E - ~7gfDl, to me well k~wwn and known b m~ tp b~ .
the indiridwb dssuibed En ~nd wla ~x~arted tIM forsyoinp InstrwneM. ~nd ~dcnowledp~d beforo me that tl~ey e:ecuted th~ s~m~ for,1~ ,~fRqst~
therein ~xpnla~d. ~ -
~GR~7~~~iiY7w Y~YrY~Y9Y~9 Y7~77~Y2 Y~ 7Y7Y9 ' ' • . :r ~ .
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~cmoceMS~~a~OOaieo~a~at z~c~ea~
~ B~[~~lLlOP'LOlmO~OLeX~Y~i~dG~C~i~76~~lEdiCfiElial(u~. : : ' ,~s .
WITNESS my Mnd ~nd oHicial ~eal this a day of ~ : ~~j~
~ ~ ~ :
~ i
~ Noury Public fw the Stat~ of Flotidyi~,la~~,,`. - - '
~ My Commas eupira: ~ ~ . • : .
~ Reh?rn Ta .,1.'~ 1 • -
fint fderal Savin~s 3 loan Auocistioe ~
~ Of Fort P:erce. ,,,i,..-•
~ ~n PKrc~, Fio.~d+ Notary Pu6&t, $tate ol florida at lar9~ -
; 1~Atil Coraasissio~~ Expires dec. 8, i98U
: ~.dN 4 A..wc.e iw a u~...r c-,.,,.. :
E
~ This Instrument Prepared By E. Poindexter
~ First Federal Savings b loan Assoc~ation
of Fort Pierce
~ Fort Pierce, Florida 33450
~ Checked BY r
~ ~ pK`~~`~ PAGE v"~ {
~ . . ~ ; 80 2
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t ~ r
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