HomeMy WebLinkAbout0022 To pl~t~ u~d con~i~w~rsly te~p on eM b-,~Id~r+ps now o~ M+~~ha ~~twq or t~id I~nd ~nd on ~11 pwprn~nt ~nd pNton~lly cov~qd by thi~ mor~p~
sp~, witA ~II pf~TIVIM tMffpl pa~d ~n lull~ lir~ ~n~ur~nc• in the u~uN uand~rd po!Ky fo.rn, in ~~um ~ppor~d by ?h~ MORiGAGEE. ~~d wind~twin
iewNae~u In tM •ww! a~u~dard po~~cy fan?, u+ •~un+ approv~d by ~M MORTGAGEE, in sucA comp~ny o~ comp+n~N a ~M MORTGAGEE nwy
d'w~dj ~+d ~11 ik~ and w~n3arorm in~w•~~c~ poi~c~~ on ~ny of ~a~d bu~ld~~qs. My fntH~~l IhN~in pI pu~ ih~rw/, ln rM pqre~~e~ ~wn ~fa~ld a
tw ~aaM tM.wl. ~Aalt conr~in IM v~wl s~~ndud maeppN cl~uN a~uch o~M. cl~uN N 1M Mortp~qe~ may ~puu~. nw?inp r1» ba vndN ~a~d pol~
dN. ~+ch u+d ~wry. pawbl~ ro~aid MOIiTGAGEE a~ im~rest may ~pp~N. •nd e~cA ~~d ~very ~ucA poi~cY ah~ll b~ p~pnptly ~~~•9ntd ~nd d~tiv~red ~o .
~np M~d by Nid MORiGAGEE a fwtMr ~~c~riry to t~~d mat9a9s dtb4 ~nd, nOt l~s~ tlun ~~n (10) d~y~ tn ~dv~nc~ ol ~M •xpir~tion of ~~th policy. ro d~-
liwr b s~1d MORiGAGEE ~ r~newal tM?wf, to~~iMr wi~h • r~ce~p~ fw ~M pr~mivm of ~uch r~rkwalj ~nd tMr~ aMll b~ r+o fN~ a wir~duan+ inwr~na
plaad on aiy ol a~id buildinp~. ~~y intN~st tMr~~~ a p+r~ tMrwl, u~I~N in tM form ~nd w~~h ~M Iw~ p.y~bl• ~a •ior~saidr ~~d '+n Ur ~wnt ~ny wn~
of n~oewr b~tpwM p~~abl~ ue~~ sucA polky w polici~s s~id MORTGAGEE ~MII Mw ~M optan a r~iw ~~d ~pply tM sam~ on ~cooun~ ol tM ir+d~bi~d
n~N wcw~d Mr~by p 1p p~rmil uid MORTGAGORS to reuiw and uN it w any 'p~rl tM~eoi fa other pu.poa~s, w~~hou1 thereb/ w~ivi~tiy p~ ~mpau-
inp wyr p~ity, li~n or ripht und~~ a by virtw of thi~ morr9pt; snd in tM ~v~nt ~a~d MORTGAGORS ~MII for ~ny r~awn fail to kNp th~ u~d prNnisN w
M~wr~d, p f~t) to d~livN promptly ~ny of taid pol~cie~ of insur~nc~ ro uid MORTGAGEE, w fail promptly 1o pay fvlty ~ny pr~mium tMr~lot a In ~~y ~
r~sp~ct f~it b pNforen, dixMrp~, ~x~cu~~, ~iFM, complet~, comply with ~nd ~bid~ by ~hts cov~nan?, p~ny part ha~~of, a~id MORTGAGEE m~y pl~ ~r,t! ,
p~Y fa wch brwu~r~ a~ny pah tMr~o( withwA waivinp a~HMinp ~ny optio~, li~n, pu~ty. or riyh~ undN a bY virtw of fhi~ Ma~9+q~• ~nd the.
full ~nount of Nch ud wNy wch paym~nt ~M11 1~ imm~di~~~ly dw u,d p~y~bN ~nd ~MII bea? int*r~q from fM d~t~ tMreof u~Nl p~id ~t th~ rata o!
/1I1N Pff p~11YT a/ ~M~1T ~~td f091fM!! with ~uch inrerest ~ha11 bs iecunt! by tM litn of fhi~ mortp~y~.
I. To punut, tomrnit a wff~ no w~sf~, impai~m~nt w d~tsrqr~tiw~ of faid prop~tly o~ any p~n ther~of.
S. To p~y a11 ~~d anpulM tM co~», charpn ~nd e;pN+a~s. ~ncludin~ • n~saubk ~t~orn~y't fK sod co~h of ~b~t~~cn o/ tltl~. incu~~~d a p~id N
~ny tMr by a~d MORTGAGEE, b~c~us~ a in ~M ~Yent of tM i~itur~ on ~h~ p+n of ~h~ ~~id MOltTGAGOR ro duty, promprry .od fvAy p~.fwm, ducha.p..
~x~cvN. ~ff~ct. canpl~y. oomPly with ~nd ~ad~ by ~xb ~nd evary tM ~~ywlar~on~, ~p.~.m.nn. ca+d~T~om, ~nd co~HU~n oi ~.~d pran~iw.y ew~ ~nd thii
maqp~ unr a~i~l~, u~d N~ cwt~. ch+?y~s ~nd •ape~se~. ~ach ~nd ~wry. ~MII b~ immediat~ly dve ~nd p~y~blr, wMrl?K w nat thK~ b~ ~o~ic~ d?
~w~ stt~mp~ 1o edMN w wtt p~nefrgr snd d» full ~~noun~ of each ~nd ~wry svch par++~~ ~MII b.a. inr~r~~~ fran ~he dat~ th~rwf u~~il p~id ~1 rhe
~~M of nirw p~r c~ntvm pK annum: ~nd NI ~aid co~n. chargei and ~:penses ~ncurred a paid. ~oy~ther w~~h sucA in1~r„t, sMll b~ sstur~d by tM IiN+ of thu
'norp+pw
e. Tf+at in tM w~m of ~ny bre~ch of th~~ Mor~ya9~ w def~uir on rlr p~n of ths JNORTGAGOR, w(b) in the event ~ny of ss~d ~ums oi mon~y
Mreln r~f~rr~d ?o b~ no~ prompfly and fully paid wieh~n th~rty (30) day~ next afre? the s~m~ s~ve.~lly b~come dw and pay~bl~. without dem~nd a notic~,
or (d ~ N+~ ev~nt eacA and ~vwy !h~ ~fiput~twns, ~Qreemtnts, con~itioni and covsnanh of si;d promiaso+y no1~ ~nd th~s morrpay~ any a~i?h~r ~r~ nol
ivty, promprly and fvlly pKform~d. d;xl+aped. ~xecuted, effected, complered, compl~d w~+h and •b~ded yy, th~n in e~eher w any iuch w~m ~M ~~d ~g
pipat~ swn enenrion~d in aaid promiuay nott tFun remainin9 unp~id. with imsr~u acawd, a?d al{ montys utured htrsbY. aMH b~toen~ dw and pay-
~bb fortF~with, w tMn+(tN, tM opt~on of s~id MORTGAGEf, a~ {ully ~rd canple~ely q i1 •II of ~he said wrns of morny wtr~ w;yinally ~tlpulsred
ro b~ pa~A a+ wch day. u+ythinp in s~~d prom~s~ory note or in this Matq~9e to fM conr~~ry notwi~hst~ndin9; and therwpa+ or ther~after ~t tM oprion of
~aid l1AORTGAGEE, withwt notic~ o~ d~mand, ~uit ~t I~w or in pui~y, tMrefw~ w th~reafter beyun, may bt proqcvted a~ if all rrwntyi s~cur~d Au*by
hrd +n~tw~d p+w to i» lnatitution.
7. Thn in tM w~nt th~t ~t tM b~yinn~np of or ~t ~ny t~rn~ pend~np any iu~t upon tha Mwtpape, or ro fwectw. 1L a to r~fonn iL a to ~nfo?c~
p~y~nt of ~ny cl~im~ hpwndN, Nid MORT6AGEE shat? ~pply ~o rl» Covrt Mving ju?isd;afon therwf tor tM ~ppotnrm~et of ~ RetMivtr, ~uch Ca++t shall
forthwfM ~ppoirtf • r~ctFwr Of aald nwrlOap~d poperty •II ~nd sinpvlu, inctud~np •11 ~nd sinyul~r the incom~, p?ofit~. bwN and nv~nuts (rom whaf~v~~
wwq d~riv~d. Nth ~nd ~v~ry of which. it btinp exprefsty undentood. i~ Mrebr ~?~9~~d u ii apecifically Nt fo~th and d~wiMd in tM pr~otGq and
Mb~ndu~n d~v~ 1»noi, ~nd ~uch R~ui~~r sh~H h~v~ •1~ tM broad and eifective fvncr,ons and powen in ~nywis~ ~mrusted by a Coun w• Rece'~wr. Md
wcl~ appointnwM shaH b~ rrNd~ by sucA Cour~ at ~n ~dmined equ~ty ~no • m~ii~.~ oi •o~o~ut~ t:y:~t~ ~s cs'r~C k:faA~fE. a.~ ~--isMv! sef~:~nse ro the
•dpu~cy a Inadpuacy of tM v~tw of tl+t prop~rty mor~paped o. fo the ~a~v~ncy a inwlv~ncy of s~id MORTGAGOR w fM defMd~nti. Ind ?h~~ sucA
C~. profih. kKO.+w, t~w~a ~nd rw~nws ~Fu11 b~ ~ppl~ed by ~uch R~ceiv~r accord~n~ to ~h~ Ii~n or pu'ity of a~id MORTGAGEE ~nd th~ praqiu of wch
To dvly, pranptly a~d fulty prriorm, dischary~. e~c~cu+~. ~ffect, compl~t~, tompty w(th ~nd ~bid~ py wch ~nd ~vtry tM stipvl~fiont, q~Nm~nfa,
oorditioeM ~nd eov~ros in Nid promi~say not~ snd this mortpy~ ~tt fwth.
9. Thai !n th~ rwnt tM owrwnhlp of ti+~ mottgaysd p~tmi~, a aoy p~n ther~of. becnme~ wst~d M~ p~rwn otFw~ 1Mn fM MORTGAGOR, th~
MORTGAGEE, Ns wcnwon ~nd uiiprn, m~y, wrthouf nor~ce ro the MORiGAOR, de~l wirl~ ~uch ~ucc~ua or wcceaw in inNrht witA ni~rMU b Ma
narqp~ ~nd tM d~M h~r~by wcw~d in the sam~ manne. ~s with Mo»ppor without In any w~y viN~tNg o~ di~cMryinp th~ INprt9ppr~' Ii~Wlity Mrr
undw or upen tM d~bt Mreby ~ewred. No ade of tha premiNS Mr~by mortyp~d ~nd no fwb~ar~nc~ en tht p~n of tM MORTGAGEE w ih waeswes
a~ipra ~nd no ~xr~mloe~ of rM rim~ fw rM p~ymenr of rh~ d.br h~r~by s~eur~d plwn by tM 1NORTC,AGEf w its ~vea~ws p au~pra„ ~MII op~r~q
io rd~uu~ d'achup~, modify chanp~ or ~ff~ct tM wi9~n~1 t~ab~I;ry of iM MORTGAGOR Mr~in. ~irMr ie vrtwb or M put.
10. It h ap~cifkNly ~pned that ttm~ if of th~ esunce of thh contr~ct •nd th~t no w~iw~ oi •nr obliy~tion Mr~unel~r or o1 tM oW{pstion s~.
arnd Mr~by ~II ~t ~ny tfm~ tFw~ah~r b+ Mld to bs • waiv~r of th~ t~rm~ Mreof or of tlw Initrumu~t a~t~rd Mrby.
11. In add;tion ro fhs lapo:np monthty paymenr~ oi princ"pd ~nd inr~re~t nqvi~sd by tM p~an;ssory no~~ secur~d Mr~bY. matyapw coveeM~t~
and ayr~ to p~y to mo~t9~pN with ~ach monthly paym~nl ~n ~dd~rion~l i~m e~tim~tad by matppe~ to b~ pwl tp 1/12 of tM ~nrw~l cwt of t!N fdbw-
A-All r~~l prop~rty taxti I~v~ed o~ ~~se+sed apai~~t thc ~bov~ deic~~bed re~l e~r~te.
B--Pr~miuma on fir~ ar?d wind~torm in~u~~nc~ •s herc;n requ;red to be c~rried on the improv~rt?~nt~ s~tuate on the ~bov~ dtsaibed pr~miaa.
C-Pr~mivm~ on fuch mat~ape qwrant~ inw~ar.c~ a• mortgaqee ~hatl from t;mc to t~me dcem fit to urry on the b~n iecured h~reby,
Mort9apM ahall from tim~ to tim~ not~fy mort9a~or ~n wrir~np of tht •mou~t d~~ ~nd payable Mr~under ~nd ~uch sum sMlt tiKrwpwi M du~ ~nd
P.yb1. on th~ dw dar~ of tM rw,ct monrhty paym~nr •nd each ivccesiive month rhe.e~he. ur.ril morty~ye~_ sh~ll norify mortQagw of • cMny~ in ~~ch
~max~f. Such ~ums ~hall b~ •pplied by mwtpsflee toward the p~yment of reel- property tsxes, infur~nc~ p~em;ums, ~nd morty~p~ yvar~nry intiwa~q
P~Mnlums- .
iN WITNf55 WMERfOF, tl+~ ~aid MORIGAGOR h~i M~sunto ~~t hia ls~nd ~nd s~al the day ~nd y~u fint ~fw~s~id.
Sipn~d, SNI~d ~nd ddlv In tM pr~s~nc~ of: t.-- .
~ .
E. L. Adams ry
C~ ~ ~.1~~~ .~5..0
~ o ~ an K. d am s
STATE OF FLORI~A ~
St , Luc ie u'
COUNn? oF
e.fw• m. p.rw~.ny •pp.•r.d L. Ad a m s
~nd
iVaTt K. Adams hi~ wff~, to rrw vwll known ~nd known to erw to b~
tM Indtvtdwb d«erlb~d ln u~d who ~a~evt~d tM forpoinp tn~truma?r. ~nd aeknowl~dpd b~fw~ er» that tFay ~:~eut~d tl» s~rn~ iw tM pwpo~N
tMnM+ •xpr~.d. Ana H?. a~ N a n K. Acj a m s
wH. of tt~. wW E• L. Adams „po„ s..p...» «+d p~tv~.
~:~m1MPwn by rrr t~k~n Np~r~t~ ~e~d •p~r1 from Mr uid hwb~nd, adcnowl~dp~d ro~nd b~fora re» Hwt sM ~a~eut~ ~aid Irqtrument fr~ and vo{w?-
r~riy ~nd w~thout u?p compublon, constr~int, appr~M~~ .~r f~ar of w from Mi u{d hwb~nd. •
WITNESS my Mnd ~~d offldd s~al thi~- ~f d,y o{ Februal D. 19 7~
1-'~c_-~ , /~~J
Not~ ublk In •nd ior tFw St~n of flwlda ~t l~?p~
R~twn Ta. Mx ~m~~
ftM f~d S~rlrp~ ~ l,o~n /4wciation
fo~t Pi~rc~.
Fo., P~.?u, F~ard. Not~h QuW~, S+.ate oi Re:ida at ta~
i~1y Cos~m~s;~o~ Ex~ces Dec. 8. 1950
M~ ~ N'""'" 1r~ p Cawatry Go~wM7[
This Instrument Prepared By R, Poindexter "~r' `
First Federal Savinys d~ loan Associetion • i
, ,
of Fort Pierce p ,~~~,4't 1
Florida 33450 ~ ANp R[CpN £G . ~ `
Fort Pierce. ~UC~t COUNT~
~00l~ IOITII~S ~ O
Checked By ~ - , ^,?CU~T CO ti; t _
'EC
c~ R~ Q~ F~~ 15 3 09 PM'7R ~`'j~ ~
EGQK~V~ PACE ~ ~
393A'72 e n
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