HomeMy WebLinkAbout0781 To plac~ ~+~d contiewousiy kNp oe t!» b~ildinps now w l+Kt~ha WtwN ot~ saW i~nd ~nd o~ ~11 ~quipmen/ snd p~rtonally covaed bY 1hi~ re~orl¢
ap~. wirh ~q pr«nivnp thenon paid in fv11, f'u~ inw~ana fn tM uswl ~tand~rd policy forT, in a wm ~ppror~d by ~h~ MOR(GAGEE, and w~nd~~am
insw~ In ~M uw~l suedKd pot~cy farn, h ~~wn approv~d by tM MORTGAGEE, in wch compaoy a comp~n~~s w ~h~ IM~QiGAGfE may
d~r~cti ~nd ~11 fir~- ~+d wind~toren krwana polkMS an u~y of aid Ouildirpti any Infe~~ th~refn or pa~t tMr~o1, in ~M ~pa~ wm ~fwe~ajd or
In ~xeMS N»rw/. ~MII eonuin ~h~ wwl s~andKd map+pM dwN a weh aMr dws~ a ~M Mo+ryapN may rpuir~. makinp ~Iw loas ue~ sad poli~
ciq. ait3~ a~ svsrY. F='i~~ ~ORiGAGfE a+q ln~srest n+ay a~xt cach and ~vNy s~cA poticy shap b~ prampUy as~:pMd u~d d~11vK~d ro •'x
a~y Mtd by wd MORrGAGEE .s f„nM. acwi~y ~o uW nw.p+p. d~W, and, no1 b~ tMn tM p0) days in ~dvanu oi ~M ~xpiration of Nch policy, ro dr i
' t~wr ro aid MORTGAGEE • rtrnwal tha~of~ 1op~~Mr with • neaip~ fw ~M p~mium of sueh n.~wat~ and ~h~r~ sMll b~ ew f~re a wlndstorm i~uwane~ .
pl~c~d p~ ~ny pf Mid by{tdi~ps„ any intt~pt thu~in or part tMr~of, urJ~w la tl» iorm and witA tM bs~ pay~bM +s ata~iaWJ and in tM ~we1 u+y ~wn '
ot ~y ~cwn~s paysbl~ u~ wch polky or policl~s said MORTGAGEE ~+il Mw th~ op~ion ro receive and ~ppfy ~M ~e a+ +ccou~+~ of tha l~d~b~ed
n~st Ntw~d Mnby Or w pKmit Nfd MORTCsAGORS b nuiv~ and uM h p any part therroF fw orher pu~pose~. w;ihout tbarebi waivi~~ a umpair•
~ }^9 +~+Y ~4~+~W. ua, a r~ptu w~dn w by v~r~w oi rhis mwryap.j ~+d ~M .v.m s.W MokTG~GORS sha~i Eor ~ny ~.,son ia~1 ro ke.p ~h. w~d p.m~ses w
insured, or f~i) b d~livK promptly My of saW polici~s oi i~wrant~ ro fafd MORTGAGEE. or f~il ptomptly to pay fulty any premium the~~for q in anr '
nspect f~il w pMforn~, diacl+Ny~, ~xecute, ~ff~d, compl~t~, comply wl~b ~nd abid~ by this covenant, w any part hawf, aid MORTGAGEE m~y p1~c~ and
pay fa wch lnw.a~c~ o~ ~ny pan thKaof wi~hout w~iv&q a~ff~ctinp any optiory lien, puity, or ripM under w by virtw of ~his Mw~~, ~nd tM
ful! ~mpmt of ~sch and ewry wch p~ym~nt sMil b~ insmediat~iy dw and p~ysbb u+d shall bear Inte~s~t irom tM d~t~ ti+ereof uotil paid th~ rat~ of
nine psr antwn pK anrwm and toyaths~ wit6 wch int~r~sl shi0 b~ ucw~d by tM li~e~ of this matppe.
4. To p~rmi~~ COIMIII Of WNM 110 WMf~y MI~iIf1M11t p ditNlOf~T10f1 Of i~ifl pMpKtr p ifly pi11 1Mtpf.
5. To p~y df ~nd anpula? th~ coan. dwpM and ~xpMws. includirg • r~asan~bl~ attoraey's fe~ ~nd cosb of ~bsnacn of titl~, incur.ed w paid ~t
sny time by wid MORTGAGEE, b~ca~~ or in the w~nt d tM faihin on th~ prrt oi the sald MORTGAGOR ~o duty. promp~y and fv11Y pKfonn, disch~rg~,
szecut~ ~fhd, oa+~PIN~. oanplY with and abNl~ b1r wch and ew~v tir ~tiDUl~tion~, +pnenanq. oo~ditiora. u~d oaven~o~s of s~id
promiswry nat~ ~nd thia t
mor~y+p~ +nY a ~i~iw~, ~nd ~ai~ cosa. chupn aid ~xp~nses. ~ach and eyay. stw~l be ~mmeo~..;,:i dw and payablr, whethe. a not the~~ b~ nona dr f
mand, attempt ro cd1M o? wt1 p~ndinpj and tM full amovnt of ead~ and we~r such payment shall b~ar intenit from tM daf~ therwf u~til p~id at the ~
rate of nin~ pe~ centvm pw ~uwrn; and all said aosts, thupes and exp~nies incvrred or p~id. Iopethet wilh such imaKf, ihall b~ s~tund by iM lite of fAit
mwtQ+pw 's
c
6. That (a) In th~ ~wnt of any breach ol N~is Matpa~ or d~fwft o~ th~ pHt of the MORTGAGOR. or N) in tM went any oi u~d sums of mo~ey !
t,~f~;~ r.h.~.d to be oa ~uo~?~,~y s~ f„iy p.~d Wi?~a~ thirty (30) dsys neat after the same se~er~lty become dw ~nd payabb. wittaut dem~nd a notica. ~
or (c) in th~ wMt eatA ~nd every fM sfipvlstioet~„ apr~emsitb. conditions aad town~nn of sa;d promis~ory oot~ k?d tMis matpa~ ~nr o~ ~ither ~n nol {
iuty. P+~P!b ~h P~omwd, dischar~ed uc~wted. eff~cted, ca++Pt~nd. complisd wi~h ~nd sbided dy. then in ~~ther w~ny wch ew~+~ the a~d a~
yreyite sum m~ntiw?~d in said pto~nitfoty neb 11~ r~matninp ue~id, with intsrt~l ~cu~?ed, and aN ma~eyn secwed herebY, s~U betwiv dw. and p~y~ (
able fathwltl~, w the?safta, a1 th~ oprion of said MORTGAGEE, u fvlly and compl~tefy ss ii ~II of the said wms of money wen piyinally stip~lated !
ro be paid on wd~ day, anylhinp in sa;d promisfary note w In thb Mwtps~a to the contrary rarwithstanding; and theraupoo o~ therwite~ st tM oprion of €
teid MORTWIGEE, without ootic~ w dNn~nd, prit d!~w or in pvity. Merefw~ or fhe~eaher be~ury may be prosecuted u if ~II maKys s~cured h~eby
had matur~d ptior to if~ iiqfitufion.
7. Th~t in Ny w~nt th~t at tha bs9inniig of a at ~y tim~ per?d'irg sny wit upon this Mortpape. w to foraclos~ it. w to mform it, w to enfo•a
payment of uq daam herew+der. ssid MORiGAGEE s1+sN apply to the Court havirg ~urisdiction thereof for ths ~ppointment of a Receiver. such Cwrt shall
fw~hwith appoint a r~ceivtr of wid onort~~d propetty ~tl and sirgula?, incl~d~ng all and s~ngular the income. profin. iaues aod tev~rnies frorr? whatever ~
so~rce dKiwd, each ~d every of wh~ch, H b~inp exprossly ~nderstood, a hereby mortgaged q it spec;fically set fwth and described in the pnntinQ u~d ~
habendixn tlavses l~ereef, ~nd wd+ Rmirp al?dl h~w ~II ths brwd and effactiw functwns and powers in anywise ent~usted by ~ Cwn to a Rec~iver. ~nd
fuch sppointment thall be m~c1~ by wth Cou?t q an admitted eq~ity N+d s mi~tt~ of absoluts ?phf w~aid MORTGAGEE, and wi~houf referenp ro fha `
aoty.+K~ zrt i~ii~f G'F t~ v+fu~ of tht propsrty mortQaped a to tM aohrency a inwlvency of said NI~RTGAGOR or the d~fendsnts. a~d that wch ~
r~~. profip, incam. issuss and rwenues sh~ll b~ applid by such Reoeive~ ~coording to ~he t~en or equity of s~id•N~OitTGAGEf and the practia of wcl~ ~
8. To d~ly. promptly +nd fv(ly p~rform, d'achar~, extevM. efftct. oort~plete. ~omply with and abkla by eacfi anti every ti+s stipulatioos, agreernenta, ~
cond~tions and eova+~ob in s~id p~romissorr not~ ind this mortpapt set foreh. ~
9. Th~t in .1M want tM ovvnenAip of the mor?yaped Premisa, or any -puf thereof, beoornes vetted in • person oth~r dNt~ tlre MORT('sAGOR. IM i
MORTGAGEE, hs wccessors and sssi9ns, en~y. wtthow noli~e to tM IY~ORTGAOR, deat with svch successoe a wccessa in ;nterest with referenc~ to tf~it j
mortgsps ~nd the debf hereby s~tur~d~tn th~ sa,e» mamet ss with Mort9syw without in sr+y w~y vitiat~' or d'isch~ry'~ny the Mwt9a~ws' li~bility her? '
under a upoa N?~ d~bt l~ereby sewred. No s~fe of tha premi~a her~by mortgs~ed and no fabearance on the pan of th~ MORTGAGEE or its :uccesson i
or augns and ra eatention of the tir.~e for th~ payment of the dcbf hereby secwed ~;ven by the N10R?GAGEE or its sucusson or ass;yra, fhall ope.~t~
to release, discMrqe, modify chsrg~ ot affect tln oriyinal liability of tiK MpRTGAGOR herein, either in whole or in part.
10. It i~ specifiully apreed ltwt tim~ is of the essence of this co~r~ct +nd tMt no waiver of any obl~gation herevnder or of ths oblipstion se- ~
cured i~eby sh~(t at any tinw thereaher be AeW to b~ a waiver of the temq hereof a of the instrument iecvred herby.
11. In addition to the forego:ng monthly p~ymen» of princ:pal a~d interest required by the promiswry note secured hereby, mortgagor cove~anfs .
and agrees ro pay io mwtgagee wilh each monthly payment an add;r'wnal sum estima~cd by enortgagee to be equal ro 1/12 of the anrwal cost of ti~e follow-
ing: -
A-All real property taxes levied br asse:sed against tF~e above described re~l estate.
B-Premivms on f've ~nd windstorm ins~rsnu as here;n requ:~ed to be c~nied on the improvame~ts situate on the-above described premisas.
C-Premweas an wch mortgsye y~wsMy irowa~ce as mongagee sFia~l from t~me ro time deem fit to carry on the loa~ secured hereby.
Mortgagee shall irom time to time notify mortgsgur in w~iti~g of the amoum due and payable hereu~der and cuch wm shaU thereupon be due and
~ayable on fhe due date of fhe next monthly payment a~d each wccessive month thereafter until mortgsgee shall notify mwtysgw of a charge in such
amoun?. Such sums sha11 bt applied by matgsyee toward the p~yment of resl property ta:es. insursnce prem:ums, snd mort9aye 9wr~nty inwrance
premivrty, -
IN WlTNESS WHEREOF, th~ s~id JMORTGAGOR h~s hereuMO set his hand snd seel tl?e day end year fint aforesaid. ' ~
SiyeNd, Swled and deliwred in tM presa+o~ of: ~ f
fLED ANO REOOROEO ~ ~ '
- i~. UfC1E COtIMTY FLA. ~OYZ is S, DtaxdY ~
ROCER POITRAS ~"n ;
~ CIERK CtRCU1T COURT ~ ~
~ ~ ~ ~.,a.~-~ ~ •rcRtF~E~ ~ q
~ Jose ine L. Drawdy -
SiATE OF FLORIDA A~ x'~ 36 1~11 ~1~ .
L~. ~
courm oF - St . Luc ie 3r~yQC30 .
ivo
eeron n» U ,~.e . l~brris S. DraMdy . - ~ .
v~~++ r +Pw
Josephine L. Drawdy . .
his wife, to n+e well k~+d~ve~;•od known to tija;lo'}~.
the ind'nidwb ds~uibsd in ud who utaMd the forpoirg intirwnent, and atlutowledp~d btfore rt+e that they exewt~,~is'aa~se~ f~i1ht ~1!^~`! , i
v~
rheretn szpnswd. Md th~ s~r•~ iASP~]1T1P L Dr,~dv ' ~~_T'
wile of the aaid - Mnrr~a_S,~ i]ra~~j~ a ate Kfd ~ it' ~
by m~ t~ken ~ t~ t
examinaYwn sep~r~N and ~psrt from hsr wid husbaed. ~du+owledped to ~nd beforo rt» that she exewted sai~~i r~
t
r~nt free !Id ~ o
l v~ ~
rari ly a n d wi M ~ o u t +nY comPu b i
o n, oornfl~int. ~PP~~, or bar of or from ~ said 1Mnbu~d. " r.~ ~
j ; n: +
wiTNas myr bu,d .nd off-rri.1 tsal ~ 24th d,y ~ A ~ ` ~,p-~~~C ~
~ ~h _LQ ~n2 Q ~ . Q~ - . . , : .
o, ' ` ,
Notary Public in ~nd fo? ths Stiro of Florida at (uy~
~ - - My commasion .apireu
Rstum Ta.
F~ru F.d..,~ s~.~;.g, a io.~ wuo~u~~+ Notary Pubkc. Sbh ot Hor;d~ ~t Larpe
OF fort Pierce. ~Ar C0~1l~qR ~„YMR D![. 27. ~4$()
fort Pierte. Florida ~~a w.wica~ iw i Ca~
Donald B. Hughes
This Instrument Prepared By ,
First Federal Savings b loan Association ~
of Fort Pisrce . .
Fort Pierce, Florida 33450
Checked By -
' aooK Z~ Pac~ ~
bp
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