HomeMy WebLinkAbout0024 To piace end ca~~inuou~ly leep on ~he b..~:J~ngs now or hsrreFter ~~tuete on sa~J land e~.d c,n e': ~q~~~~.~,~rm a~ d p.•rsonstty co+errd by e+:is mo~rg-
~g~, with •11 prenuums rhr~eon pa.d ~n full, l+ie ~ns,:~~rxe ~n Ihe uiu.fl stsnderd pol~cy iorm, in a swn e~.y~o+rJ b~ +i~c R1Uk•~a.+GfE, e+~d w~~~;iitoi~n
infyNn~f in the utiwl ~undard po6cy fwm, in • sum ~ppro~rd by the MORTGAGEE, in such Co~npany or cwnpan:es es ~ne A1O2TC,AGEE may
duKl; ai+d ~q fire and w~ndslorm in~w~nce po•'K~es o~ •ny o( se~d bwld~ngs, any inte~est the~c•in o~ parl lhrreo~, in me agg~-g~ie sv~+~ •~J~ESO~(I or
in ~atefs ihereol. thatl contain tha uwal sfandud mwt9syea clevse w wch o~h~r ciause •f Ihe Mo~tya~ee ~T~ey req,,.re, rr.ak~ng tne to» under s+•d pou-
c~es, each and ave~y, payabte ~o sa~d N1pRTGAGEE a~ ~~s ~Ne~est may appear, •nd each and every i~;t~ pa:~c~ •I„1t be pron:pUy esig~~oJ ar,d de+~:~r.:d ro
•ny held by u+d MORfGAGEE •s fu~?hei security to s~~d mo~~ga9~ ckbt, ar,d, ~or les~ ~han ten {10~ days in ad.mue of the e.p~ro~~ai of each po::c~, ~o de-
Gver ~o sa~d MORIGAGEE a renewal the~eof, ~ogeth~r w~~h a rrce~pt fo~ ~he prem~um ol wch ~ene+.al; a.~d iL•r~e sl~a't bt ~A Lre o~ w~~~~ls~o~~n ~~~s~rance
pl~etd on ~ny of sa~d b~itd~ngs, any imerest theran w part ther~pf, unlest in the foam and wirh ~he Juns peyoLte as aforesa~d; a«d in thr r.ent any scm
of money ~can~y payabte under such poticy a pol~cies said MORTGAGfE ahall have ~he opt~~ to fKEivr ond app!y the sa~ne on acco~~~t o( tha ~~~3~•i,i~d-
neu ~ecwed hsreby a to permi~ sa~d MORTGAGORS lo retrive and use it or any part thr:•~of ic.r o:~~, r~,~•: ~srs. :~~+~:c..r r~~. ~l , ,
)ng any equity, lien w rigM undcr or by virtus of this mor:ga9e; ~nd i~ the event ~s~d MORTGAGORS shafl for any ~eason fai! to kcep ~he sa~d prem~fal s0
in~ured, o~ fail to del~ver p:omptly any of sa~d po~~ues of insurance to ia~d MORTGAGEE, or fd~i ptUmpfly to pay fu::y any ~:re ~~~um ~fkrr?u. of in a~~y
~ lfpKf ~ai1 t0 per~prm, (IisCha~ge, exetufe, effKf, CompJeft, COmply wit11 ~rN/ Ab~de by thi! tov2n~n1, or a~Y F~~~ hcrrof, s~,d Mi,RiGAGF E may p aC? a~ d '
pay fa s~ch insu~ance or eny parl Ihereoi withw,t waiving or efFectinp any op~~on, lien, equ~ty, or ngM w:de. or b~ v:rtue ol fhis Mcrtga~e, and rhe '
ful! ~mount o( each a~d ev~ry such paymem'shall be fmmediately due and payable and sha~l bra. intnresr from tha date the~eof u~~ril pa,d ar il~e ~ate of ~
n~~e pe~ cenfum Fer ar.r.u~n and ~o~rther wifh wch inte~es~ shali be srtured by the lien of this mo~tga~e.
~ To permi~, commil p suFfer no wasle, impairmenl p deter"aration of aaid property a any part Ihercof.
5. To pey all and siogu~u ths costs, chargef and expenses, inctuding a reasonable atromey's fee and coaq of absnacta of t~t:e, incur~ed or pa~d at
any time by sa~d MORIGAGEE, because or in the event d the iailure on Ihe part of ehe sa~d MORIGAGOR to duly, p~oneprly and fully pe~form, d~scharge
execut~, effKt, tomplNe, compty w~th and ab.de by each snd every the tt~pv!auo~s, agreemems, conditrons, and cavrnants oi sa~d p~omisaory note and ~his
mortgage any w aiher, and sa:d costs, cherges and expenses, each and every, shall be immrd~a~ely due and payab:e; vv6eiher or not rher~ ee noncr da
mand, aftempf to collec~ w suil pending; and fhe f~11 amouM of each and every auch paymem shali bsa. i~teres~ 4rom the date the~eof uniil pa~d a~ t1~e
ra~e o~ nine per cent~+n ~:r anuurn; an~+ all said cosrs, cha:ges and expenses irKU~rtd ot paid, ~ogether wuh such interest, shall be ~ewred by the Gen of this
mo~tyage.
6. Thaf (a) in the even~ of any breach of this llM1orrgage or defs~{t on the part of the MORiGAGQ2, W;b) in the event any of sa:d sums of mooey
he~tin referred to be not prornptly and fully pa~d within th~cty (30) days next ai?er the same seve.a:cy beco~~e due and pa~able, w~~hou~ demand o~ no~~cc-,
or .;c) in the eveM each and eve~y ihe st~pvlatio~s, agreements, conditions and coveoants of sa.d p~o~~.~sso.y note ar:d fh~s mo~tgage any a e~ther are no~
~uly, prpnptly and tully p~rformed, d~uharged, eaecuted, effected, compkted, compGed with and ab~ded 5y, then in either or any such event the sa:d ag
greg~te sum mentioned in said pran~sswy note then remaining unpaid, with interest accrued, and aif monevs s^cu.ed hereby, st~atl become due and pay
ab±e fo~thwith, nr r},ereatier, a! the option ol said MORiGAGEE, ~s fully and completely as if a11 of the sa~d s~ms of money wcre o~~gina:Iy s!~F~~ aird
re be paid on such day, anythi~g in sa d prom;ssory note or in this Mwtgage to 1he comra.y notw~thstand~ng; and thereupon or the~ealte~ at the opt~on of
sa~d MORTGAGEE, w~tAout nonce or demand, svit at law w in equity, theretore a thereaf~e~ brgun, may be prosccuted as if atl monrys secured he~eb~
t~ad matured pr~or to ~ts institunoo. '
7. That in the evenl thaf st the bcginn~ng oi or at any time per+ding any suit upon lhis Mortgage, or to fweclose It, or to reform it, or to enfo~ce
payment of any ciaims hereundcr, said MORTGAGEf sha~t appty to the Cou~r having ~ur+sd.cr%ort rher~e! fo~ the appomimenr of a Rece~ver, wch to~r~ sha;l
furthwifh appoiM a ~ece+ve~ of said mortgaged properfy all and siryutar, indud,~g ail and s~nqu~ar the ircome, profits, ilsues ar,d re+en~es from wh3trY?r
source de~~ved. each and every of wh~ch, it being expressly understood, is hereby mortgaged as Lf speGfica~:y set fath and descritxd in the g•anr,ng ar.c}
hab~ndum dauses Aereof, and svcb Receiver shall have all the b~oad ~nd effeu~ve (unct.ons and po.•:er; in anyw~se entr~sred by a Co~rt to a Rec~~.er, a~ti
sucn apFwini~urni iS~e~~ ~x ~i~6u'E uj S:iC~ CC~:i 35 :.;C~.-~27<<~. ~ ' ~f ~1.~:.I~~e M xq >~rl MC]RT(:AP
~v~~~7 • s~g.. s_ FF: arxl without re{erence to the
edequaty or inadeq~acy o1 the va!ue o1 the p~operry morrgag~d w tp the socvency or inso~vertty of sa~d MORtGA~iUR o~ The desendants, a~~d :h,t s.::h
renfs, profits, incane, iswes and rerenues shall be appLed by such Receiver accord~ng to the tirn or equ~ty o1 said MORiGAGEE and the pracNce of s„ch
Court.
8. To d~fy, promprty a~d fuliy perlorm, discharge, execute, etfect, complete, comply w~th and abide by each and eve: y fhe atipvlatior~, agree:nenss.
conditans and covenants ~n sa~d promissory note and th~s mortgage tet for~h.
9. That in ~he event the ownersh~p of the mortgaged premises, w any part the~eof, bxomes vested in a person other ~han the MORTGAGOR, the
R~.ORTGAGEE, its wcceuors and asa~gns, may, wi!iwu~ nouce to the MORiGAOR, deal with such successor w succeaso~ in inre.esr w~rh referer~ce to tt~~i
mongage and the dent hcreby securcd in the same manner as w~th rAorrgago. wrthout in any way vit:ating w d;scharging the fAartgagori tiab~i~ty hzre~
onder or upon the debt hereby sec~red. No safe of the premises hereby mortgaged ar,d oo forbeararxe on the part of the NfORTGAGEE or its successors
or ass~gns and no ex~ension of ehe t~me for the payment of the debt hereby secured g~ven by the M08TGAGEE o~ its successors w a:s:gns, a~~ail operate
to reiease, d~scharge, mod~ty change or affect the o~i~~nal Gab~lity of the MORiGAfiOR herein, either in whoie or in part.
10. ~t is spec~f7catly agreed that time is of the esxnce of this contract and that no waiver of any ob!~ga~~o~ hereunder or ot the obiigatlon sr
cvred here6y shati at any time rhercafter be heid to be a warver of rhe terms he~eof or of the ir.st~umenr secured he.by.
l T. In add~tdc~ !o ~he forego ng month~y payments of princ pal and interest requ~red by the prom.ssery ne'e set~red h~reb f, moriga~or covenants
~r.d agr¢es ro pay to ~r.o•~g.3gee wnh each memhiy p3i.~.ent an add~~ional sum est~rt:a~ed by mo•tgagee to i~e eyua! to 1 12 of tne ann~al cost of the }o~iov.-
A-Ait real p+ope~ty taaas levied or ass~ssed agai~st ihe above describcd r~al ~state.
B-Pr::-. ;,•ns en fire ar.d r,~r,dsto~m ~nsvrarce as here~n requ;~ed to be can~ed er. tne fm~;rovamc:~rs s:t~ate on ti,~ at;ov~ described prem~ses.
C-Premiuma o~ s~ch mor~gjge guaranty inswa.~ce as rr»rtgagee shaN 4ro^+ t~me so !~me deem in to carry on tne loan sec~red here6~.
Mo+tga3e•_• sna`.f t~om t~me to !in~e noT~iy mortgagor ~n writ;ng af the arnou~t due ar.d payabfe hrreunder and such surn sha!i the:eupon be due and
;.ayable on tb~ d~e dare of tnQ next momh:y payment and eath successive momh thereafter vctil mert9agee shall nofify mor:g3gpr of a change in fvch
a-~ount. Such Yums stia!I ~e apptied by m~xtgag>e toward the paymenf of real property taaes, insur,~n~P prem:ums, a~d mortgage guaranty ins~rar:ce
p•emiums.
IN YJI7NESS Y+H~REOF. the sa~d MORTGAGOR has here~nto set h~s har,d and seat the day and year 'rst aforesaid.
S+gned, Sealed end delivered in the presence of: ~
/ - ~ L (Seal)
~i - y. ~1T .
_ ~ -lSee~)
(Seal)
~ .
- `.~ii! 1 ~ l~' -(Seal)
SiATE OF FIORIDAl~ ~ ~ + • '
COUNTY OF ~ ~ T ~ ~ ' _ ~ ~ . ~ " j
_ ~_~_~t L. ; ~••~~r'
BCiq! me persortally appeared -
' ~ ~ ~ a i • ~ •
P, JITIl t f'7 _ h;a w;fe, to me w~1 kpdw,n..,~~nd k 1p/de~o~y.-
rhe individuals described i~ and who executed the foregoing instrumem, and acknowtedged before me tAat they_f~rt~t~ tMq: sartq t1~s ~(ir'p6iet
~herei~ eapressed. And the said_ a-~.'~:~ P• ~mith +
.v~/e of the said 4~~~n-~a ~ R.T;: a~ _ -'~'Y~" ~ y~
Jipbw. s stparats and vete
e• am~nat~o~ by me ta4en separa~e and apart from her said husband, ack~owledged to and before me that she executed saiQ~~JlruryerSY ffeely a ofurr
~~-~(y aod wlthout aay compufsion, constraim, spprehens[oo, or fear of or irom her said husband. s. ``J .s
WITNfSS my hand and offic~al seal this_ day of ~'-t-'-`~i=1='~~' ~n
AD.19
~ Nm#y{,?ub~l;~ and for the Sfste of fbrida at large
My Comm~ expirts:
Rtturn io:
Fint federal Savings 3 loan Assaciat.on
Of io~e P.crce. Stste ef fia~ ~t tar9~
forr P~erce, F~or~da ~t~ry ~ A~_ 3Q, ~7w
' }Ar Conmissio~ E~
b~d~d N Aa~,u• f a i Cn+~M
+~lr ~i ~7 ~ . .
This Instrument Prepared By G~ = / ~[0 ANO RECpROtU
''•;rst _Federal Savings 8 Loan Association S~.IUCfE COUNTY Fl: .
` of Fort Pierce ROCER POtTa~lS
Fort Pierce, Florida 33450 ^!.EFK :cCU~T C~,~
, •r~F~
~tiecked BY - - - - - FE~ ~ ~ 3 09 PN ~7R
•
fccr 2~`~, ~ - ,~4 ~3938'73
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