HomeMy WebLinkAbout0440 S. To ptacy uid contimwusfy kNp an th~ buitdi~ps now w MnahK utwi~ or ~aid I~nd and on ill puipment and pwsonaly covK~d by this map~
~ with ~11 pNnium~ tAw~oe~ p~id i~ iult. ffn irw?anp in tM wval ~tudWd policy form,, in ~ awn appeov~d by ~M lMOR~GAGEE. ~nd windt~o~m
k~M+o~ In tl» uwai ~~andud potic~r tornl, in • swn app~owd by ~M MORTC~AGfE. In wch tompany oi companies tM MORTGAGfE may
~t and a!1 fIn and wlntkw.+n hu~a~na polici~s on u+y ot w~d build~np~„ any MNrtN ~ha~in a pa.t tM~.o}. in ~h~ p~epar~ swn ~fataW a
in ucaM tAwwi. ~hatl oonuin t!w ww1 s*sndud morr9ap~ dw~ a s~,ch otl+w d±w~ u tM Mwt9p~ ma~ rpuK~. m~king ~h~ lat w~ a~d po1F
ciN. ~+d~ and twry. WY+bI~ to uid MORTGAGEE a its intKat rn~~ app~. ~nd s+ch ~nd ~wry suc!? po~icy ~Full b~ promptly ~uq+Nd ~nd d~livK~d ro
~ny held by wtd MORIGJ?~iEE a fvnlwr ~hy w wid mo.p~~ d~W. snd. na ba th~? t~n (10) days in advu~c~ of tM ~xpk~t~on d~+ch Pc~~cy. to de
liw~ b s~W MORTGAGEE • rsMw~l tM~wf, wp~tiw wirh ~ hc.ipt tw tM pnmiwn oi ~uch r~eew~lj ~nd ther~ shall b~ no f~n w wir~rwm M~wanc~
pl+ad a? iny of satd buildin~~, anr 1nt~r~u Ma~in a pat Nwrwf. unless in ?M fam ~nd wi:h ~M Ioas pay+bl~ a~fanaidr iM~ 1f1 tIy fVt1N MY Will
~^+~Y WY+~ vrKlp wch policy a polkia s+W AAORiGAGEE shall h~w ~h~ optan to ~~ceiv~ aod +pply th~ ~ on acooun~ of th~ ind~bted~
rNa MCwld Mr~by Or fo pN~nif N7d IIAORTGAGORS b tKeiri and ~ it p any parf Ihereof io~ olher purposes, wi~Mut thcreb/ wairinq o~ impair-
~ MY ~b. a ripM w~r a bY vGtw d Mfa mortp+0~j +nd in th~ ~v~nt wid MORTW1GpRS sMll fa a+y reawn fail ro ke~p tM s~id pnmisa a
inuw~d, a fail b d~livar promptlY aeh? oi qld poiieiq o( it~wra~C~ to s~id AAORTGAGEE. w(ail promptly ro pay fvlty any pi~m;w» tht~efw w in ~ny
r•sp.a f•q a p..forn~, dbch.r9e. ~x~cut~. ~fhd. oomplN~. ocmply wi~h ind aWd~ by thn cownsm, a any part F+kwf, said MORTGAGEE may plac~ and -
WY kNwano~ a ~n~I puf tMr~oi witAouf wtlvGg a aff~clinp ~nY optiw~, li~n, puiry. or ?ipht ~ndK a by vinv~ oi this Mortqp~, a~d tM
h+l~ +"'ov^~ of ~ach +nd ~wrr s~+d~ p+ym~nt sh+l1 b~ ;n~a»y dw ~nd payabb a~d thall bes. intKUt trom tM dd~ tF?sreof w~til p~W ~i tM wt~ of a~
Pw PN annum ~nd top~thK with avch int~rMi ~11 b~ s~cwed by tM I'Nn of thi~ mat~ap~.
1. To pKiait, ooa~mM a wff~r no wat~. imWirm~nt or d~tKiontian of sald propvty a any pwt therwf.
S. To p~y ~II ~nd sk~pvlar th~ cosn. ciw+~ and ~xp«ws, incWdM~p ~ nasonabl~ •no.o.y~s f.. and cwn of ibsnaas of rhl., incu+r~d or paid at
MY tt~w~ b1~ s+id Al10RTGAG~EE, b~cavs~ a in tFr ~wnt of tM faiiun an tir P+n of ~M ~aid MORiGAGOR a duly, prompNy and fi?1~Y P~r(om~, d~aclwy~
~x~cvt~,, ~ff~d. oornpi~N~. oomphr wuh and ~bid~ by ~ach and ~wry tM ~tipul~rio~n, p~eNnNn~„ ca+ditiar, and aown~nh of s~id p.omiswry ~wt~ u+d tha
n+or~p+p~ any o~ ~irl~. snd ~aid oosti. dw~ea and ~xpsews. ~ach u~d ~wry, il+a?! b~ tmnwdiately dw and payable: whetF~ or not tMn be notio~ dr
m+nd. +ttNnW to eollact a wit p~rid'a+pj and th~ ivll amovnt of e~ch and ~wry wch payment ~hall bear inter~sl f~qn Ihs d~t~ ihsreof umil paW at tM
r~fs of ~ p~r osntum p~r xwnxnj and all satd oosts. d?upea and e~ewes inax~~d o? patd. top~MKr with svcA intere~t, ~hsl) be s~cu~~d
~ro~ br tM li~.~ of tA~
6. ilwt In 1M ~w~M of ~ny bn~d+ d fhia Morqap~ w d~fwN on fh~ pM of th~ MQRTGAG01t, a(b) in ths w~nt ~+y of ta~d wma of momy
Mnin nhrr~d w b~ ea prompNy and fuliy p~W wirhin thinr t30) days n~x~ af~e. ~M sam. sererany bacane due ~nd p~yabl~. witAovt dKnaed a ratite,
w(~ in 1M w~nt ~ad~ and *wry Hn atipuktio% +DrNm~+q, conditions and cov~nb of ~acd p~omisswy iwte ~nd tha ^art~+0~ +M? w~itl~ ~r~ no1
~+h. P~PM? +nd f~N1? PM(o~m~d. dKCl~pad. ~s~an~d, tfhaed. ca+~Mt~d. caopl~d with ~nd ~l~ded ~iy. then in ~i~i~ w aey wch w~nt tM sa~d ap~
p~~Qa1~ swn n~tioned In s~id prom&tory not~ tfMn runsk~irp vep~id, witl? kntr~sf accrwd, and ill mora~rf aecwsd htt~by. ah~ll baeorn~ dw snd p~y~
abb fortAwith, a th~r~sha. th~ optan of said MORTGAGEE. a~ fuly and compl~tey as if ~II of ths said wms of mwky wen «g~tiy snput~~ed
ro b~ paW a+ sucfi day. anythiep in wid promis~«y note or in thb Martpap~ w 1M contr~ry notw~rhsranding; ar~d therevpoe or lhsrtafttr at th~ option of
a1d MORTGAGEE, witlwvt no~ia a dNnsnd. wit it law a h puity, ther~fon o~ tF~eaf~a bepun, m~y b~ prosacutd u if ail nan~ys s~wred her~by
Md tn~ttR~d priot fo As iertitvtion.
7. TMt In 1M ~wnt tlMt at tM bpMr~inp oi a ~t sny tbn~ Pq~di^9 ~~11 wit upon this Mortgaye. or to iwectos~ it, or ro nforyn if, or ro enforc.
~Y^+~M d ie?Y d+ha Aasw~d~r, ssid MORTGAGEE sh~ll applr to tM Court havirq jurisdidio~ thertwf (w the appointmenl of a Reteiwt. wch Ca+n sMll
FatMvith ~ppoint a naeivK pf s~W mo?t~ped proppty ~11 ~nd sinpular, ind~idw+p all and sugvlu tFK incomr. profits, i~s~es and rwenties from what~wr
~ov?c~ dKiwd. wch and tvsry of wh~ch, it beinp txP?+s~Y urd~aioed q he~eby matpaged as if spcc~ficilly set fa~h u~d dew~6sd in the ~.~ntinp arw!
Mb~~dwn claw~s Mreof. ~nd such R~oeivu sMll haw ~II tiu bro~d and effaniw fw~ct~ons and powers ie anywise enrrusTSd by ~ Gaxt ro a Reoeiver. ~nd
a•xh appointmMt sMll b~mad~ b~r wch Caxt as an +dm;tted equity ud a mana of ~bsotute ri9h1 ro s+id MORiGAGEE, _a~d without r~ferMa ro tM ~
+d~qu~cy or in~d~qu~ey of th~ vshw of 1!~ prop~ety nwrtQ~p~d p to t!y ~oher~y a;ruol,rency of said MpRTGAGOR w tM defe~~ri. and tlyt wch
rents„ profiq. 4~oo~me. issws and rtwnws shsll ~ aPP~~ bl? such R~uiv~r attotdinp to tM lia~+ or equiry of said MORT(i/1GEE ~rd tht prWiq of sud~
Court.
s. To duly. P~on?PNp and full~r P~rian~,. ~~xMrM. ~ffM, eoee~kt~, oompty with and ~bid~ by ~atti and th~ •
wnd'itions and ooven+nts in wid promiuo~y eob and thi~ narq~ ~et forth. ~++Y ~W~+~• ~p?ea~Nnt~, . -
9. Th~t in tM went the ownarship of the mo~tq~pad Pnmaes. a any put thereof. becomes wsted in • penon o!her th~n th~ MORTGAGOR, th~
MORTGJ1GfE, its arcceuas and auipos, rniy, witlww noiiu ro the IMORTG/1pR,- ds~l wi~b such waessa or waessor in intaa~ with raference ro this
mo?t9+p~ and th~ debt hxsby secvr~d in th~ san» n~x~ a with Mapapor without in any w~y vitiatinp w dacl+~rpirg the Mortyapws• liability herr
undK or vpon tM debt henby t~c~xd. No sab ot th~ prem~ses I+ereby mort~ap~d a+d no forbsarance on tht
w asipna and no ~at«~sion of_ tln tim~ for tha p+ym.m of th~ d~bt her~ tecw~d P+ti of rhe MQRTGAGEE a i» wocesso~s
~o rN~as~, modill? d++^p~ or aff~a tM orip'r?il liabitity of t
MORTGAGOR ~t sitha 'mGw4ak a in ~«~~s, ah~ll opaat~
1Q It ia tpacifiulN ~?Md that tien~ T~ of th~ es~ence of ~hit oo~tract and thit no w~twr af arry obli9ation hsreunder a of tM obfg+tlon ss-
cvr~d Iw~by sh~ll at any tin~ NKnafiw b~ Mld ro be i w~iva of tM tKms hsrwf or of ths instrum~ru secwed hsrby.
11. In add~tion b N+e forepo.^0 ~~WY P+Y~n~s ~ M~'P~I and 'uiterest nquved by th~ promissory ~+ote secured herebY. mat9~gw aover?~nb
+nd ap~eea to pay M mortp~ye~ with each monthFp payment an aciditi«ul sum estimated by mortyapee ro be eqval to 1/i2 of the annu+l cost qf the fdiow-
i~g:
A-All rsal p?op~rty taxes kvied a assassed a~sinst the abow desvibed real estate.
d-Preini~wns on fin uw1 windstorm irquranq as her,~in reyu:red b be carried on the ir~ovemenri situats on the ~bpve deur~ premises.
C-P^~^~i+~n'K a?-sud~ mo~q+~ y~++r+etY inwr+~oe +s morty+ge~ sMll from twne to time dee~n fit to cs~ry on the ban secured
Mortq+p~e fh+N from tim~ ro tirtr notify. rtiortyayo? In w?iti?g of tfie amo~rnt due~ and payaWe hsteundsr and such wm sh~ll N~erwpd~ be due and
payabls on th~ dw d~te of the ~~ct ma?th1Y payment ifld lKII f{Kpii1Y/ f(IO~IIIf tIt@f[iHN until mcrtyagee shall notify mwtgsgor of s~hanpe in wch
amount. Svch wms sFrU M~pPlied bp morty~pa~ toward tht p~yment of real property uxes, insunnce prem:ums, and mortyaQe Quar+MY kuurenu
prtmivenf. - .
IN WIT 1MHEREOF, the said MORTGAGOR h~s here~x~to stt hit hand seal th~ d~y ~nd yesr f'ust afwesaid.
Sipn~ Swbd ~ wnd b tM pr~nc~ of:
~~~~ro~~fL~. AL . R D n
CLER~ CIRCWT COURT ~ ~
" "a=~ YER1f1E0..~.~.~ TH . _ READ ti~
STATE OF PO=1L~j/IVBt]~a ~ r : ' .
Sf~~Z 3 30~ .
~~,~TM ~ ~~e~~~a ~ - 3'78385
e.f«. m. p~non.ur.pp....d JERALD L. FREAD ' ~
(~1TH L. FREAO ~~'.~~~t~k~.~~~b~~~
rM ind~vidwb daor~d in and who sx~arr«d the for~poirg imnvm~nt, ard ~ckrwwkd~d bQfore rrr tFut th~y ~xRwt~d thf ~ fa th~ purpw~s
rher.tn .xpr~d. Md ~h. ••~a i~l T N l. .~R E A R .
,~~o~f~ ,.~d _ JE aLD L FREAD - ' ~r~w, ~ ~...t..,,~ p,t~,.» ' '
b1? nw t+k~n NpaaN a+d apat from ha s~W IwibN~d. ~c#nowl~dped b a~d b~fon nK tMt stw exearf~d wid in~trum~nt fnely~nd whx~-
ruiiy and wiflioW in~r oonipubip4 tonslraiM. ~ppt;lNDiioA. or f~M Of or irwn hM said /
1NITNESS m~r hand and officid twl +1,:~ O~~ d,~, ~ a c,-- 7?
A. D. 19
- - ~--Lr~'"_ . LiXc .
Nobry Pirblic in and fa th~ State of f1ai~F' 't~~ a
M j
Y
Rs~, To~ WERIV~R H, NAl"TER ~:='~'~G:~~'.,,••,. ,
FirN Frd~n) Savirga ~ l.oM Asrociatan IiOTA~ pl1811C, VHllA~ Pllilp :.~,L:~:~~t"r `t: _i~.'':
6~ ~
Of Fwt Pitrte. : ` } ~r4,;: /
IP~ :yrY
/o~t PiercR fbrida ~ CaRmissioll ExArc~ J~ ~ ~ ~ ~ :
~ ; r
. ~ i ~ ,•„O_ _ '
. ~ ~ b: i" , , 0 L~~ 1 ~
" ; S r, , :
iJf ~ ~~st~:'
.
. ~...w.•• ' ~
This Inst~ument Prepared By J. HAL ROBERTS~ JR. - ,`E~~~~'j ''.,e~ ~
First ~ederal Savings b loan Auociation -'~i.`~~'- ~c .
of Fort Pieroe ~`'l:~+~:it~`'`~
Fort Pierce, Florida 33450 ~ ~
- ~274 ~ ~
Checked By ,
• ~ ~ • ` ~
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