HomeMy WebLinkAbout0047 To pl~p aid contlnuovsly tNp c.n ~M buiid~np~ now a Mr~~1~N utu~~~ or ~a~d I~r~d ~.,d or~ ~li aquiyrntnl ~nd per~onally Covtr~d by Ihi~ mwtp~
p~, wiM ~11 pNniwn~ ~Mrwn p~~d in (ull, H~~ imu~u~c• ~n N» uw~1 •~•rd.rd poik~ twm, in • wm ~ppro~~d by iM MOR?GAGEE, snd windtto~m
hw~~np (n ~M wwl u~~d pot~c~r fam~, tn ~~wn ~pprov~d by ~h~ MONiGJ?GEE, in wcA compa~y w canpa~~a u ~M MORTGAGEE m~y
dlncU and ~II fir~ ~nd wind~rorm ieuw~nc~ pol~c»~ on ~ny o1 N~ buildie~~, My iRl~r„1 IAN~Ie~ pf paA ~Mr~o1, in t!» pp~p~q w~++ ~fa~Nid or
M~cow tlw~al, ~MII cvnfafn ~M vawl s~u~dard mor~papN dw» a wcA aMr d~uw u rh~ Mor+papN may ipvu~. mak~np ~h~ lai u~d~. ~~wl po14
dM, ~+cA and ~wry, p~yabl~ w said MORTGAGEE a iM inqr~p m~~ ~ppw. ~nd e~c6 ~nd ~v~ry wch pol~cy ~hatl b~ promptly ~µ•pn~d ~nd d~liv~r~d ~o •
~ny MW by wk MORTG~GEE a fu~~M. a~curity ~o ~sid monpa~ d~W. ~nd, not I~s~ ~hM t~n 110I d~~n tn ~dv~nc~ oi tM ~apir~tion oi ~~ch po~icY, to dr
Iivw ro ~aid MORtGn?GEE a r.~wa1 ~h...Ql. topaM~ with • r~uipt fw tM p~mium of ~uch .~Mw~lj and iMr~ ~MII b~ no f~r~ w windiiam Iruv~~nc~
pl~ad m ar~r oi uid b~ildinps ~~y imN~q tMr~~e a pw~ tMnof, ~nl~u i~ tM fonn ~nd wi~h ~h~ los~ wr•bk ~fo.~uid: a+d in ~h~ •wm ~ny ~um
01 nwMy ba~a~w M1r~W~ w~da wcA polky o~ polici~s s~W AAORTWIGEE ~MII h~w rA. op~wn ~o r.ceiv. .nd applr ~M ~un~ on ~ccovro of ~M ird~bt~d-
nq~ Ncw~d h~r~b~r a ro pamit ud MORTGAGORS to rec~iw ~nd uN it a any p~n theraoi for oihc. pwpoie~, v.~~hou~ ~he~eb~ wai~ing o~ ~mpa~r-
Inp ~r pvity, lia~ w ripht ~nda a by virtw of thi~ morr9p~j ~nd in tM ~ve~~ Nid MORTGAGORS ~MII fw s~y n~wn lait to ke~p ~h~ ~a~d pr~m;sa ~o
Mwr~ a la11 b d~liwr p?omp)!y ~ny of ~aid policie~ of in~ur~nc~ to sa~d 1NORTGAGEE, w faii prompfly ~o pay iutly ~ny pr~mium the?efa or in any
•Np~ct f~{I b pafanl, d'nch~rp~, ~a~cuN, ~tf~ct, tomplNe, comply wi~h ~nd ib~d~ by ~h~s cov~n~nr, or any part ha~~of, sa~d MORTGAGEE may plK~ and
MY fa wd? tnw~~ a u~y p~~t tlwrsof wirhout waivirp or ~H~ctinp any option, lien, eq~~ty, or ripht u~da a by virtw of thii Mor~p~, and th~
full an~wNq of ~cA ~nd wwy ~ucl? p~rm~nt ~MII b~ ~min~di~tdy dw •nd p~yabl~ ~~d aMll b~~r {nfHfit Irom ~M dat~ ther~oi u~~il paid ~t tl+~ rat~ of
NM pN c~ntwn qr ~nwen u+d ~op~~her wilh ~uch internt tiMil b~ ~~cund by iM lien o( thi~ mortpp~.
r. To pKmit. oomnh ar wfi~? no wast~. in+pa'umenr or d~terar~tia~ of ~aid popNty or ~ny part theraof.
i. To p~y ~ii ~nd ~kqvt~r tM co~», cha~~a and exp~ns~~, ~ncludinp • r~awn~bl~ attaney'z fee and cosu of abs~rada of ttels, incvrr~d or p~id a~
~ny tfm~ by wid MORTGAGEE, bwu~ a in tM ~rent of th~ tailu~~ on th~ part of ~M said MORTGAGOR to dvly, promp~Iy and fully p~~f«m, diuharq~,
~:~cvN. ~ff~ct. tompl~t~, oomply with ~nd ~b~d~ by ~~ch ~nd ~very ~M sripularioia, pre~m~~ts. conditiona, ~nd rown~nrs of ~a~d p?orn~ssory note a+d ~F~i~
^w+~+0~ ahr w~itl~. ~+id a~d coats. cMrpN and ~~cpMSes. ~KA ~I1d ~Wly. sMll b~ imm~di~t~ly dw and p~y~btr, whefher or nof th~r~ b~ noti;.~ dr
m+~d. ~»~mpt ~o eoli~el w wN p~ewfinq~ ~nd tF» full ~movm of Nch and w~ry tuch parm~nt ~Mtl bea? imer~a irom ~M d~te rhe.eof vntil paid ~f 1ht
r~» ol niM pa tNnwn pN ~nnum; and ~11 uid cos», cAargea and exp~~ incurred or paid. top~th~r w~~h wch imereit, shalf b~ secvrad by tM li~e of thi~
e. TMt (aj ln tM twnt of ~ny b?t+ch of thi~ Mort9pe or d~fa~l~ on tFr put of ths MORTGAGpR, w(b) in tM event ~ny of sa~d sums of mor~~y
Mrei~+ r~(Nrd ro b~ not promptly snd fvlly pa~d within th~rty (30) dayf neat af~er ~F,e ~am~ twerally become due and pay~ble. wi~houi d~mand p ~o~ic~,
w f~ M~ tM ~wnt ~ach ud every ~M sttputetions. ~prNrrwm~. con~tion~ and cownanb o1 ~~~d p.omiuo.y not~ •nd M~s mor~pye any a e~tMr •n nw
~uly. promptly and (utlp pKform~d, d~icMrped, ~xecured. ~ffecred. compkr~d, canpl~td w~tA ar~d ab~'-d `~y, thsn en e~~her w•ny sucA ~wnt ~M sa~d y~
prp~N wen m~ntarNd in a~id pom;uory noN then r~mai~irp unp~id. with interi~t acuued. ~nd a1i mon~YS sea,red h~reby. ~hatl becan~ dw ~nd p~y-
abb forthwith, W flf~fNFtN. at ~M opt~on of iaid MORTGAGEE, fully •nd compl~r~ly i( all oi the said wms oi money we.~ wgin~tty st~purated
ro b~ p~id on wch d~y, w~ythirp in sa~d promi~sory note a in thn Mo.fpap~ to tM com~~ry notwithsundinp: ~nd ~herwpon w thereafte~ tM op~~on of
w1d MORTGJIGEE, without noricy o~ dsrn~nd, wit ~t taw a in puity. therefw~ a tMreah~r bepun. may be prosecu~ed aa if alt mon~ys s~cur~d Mrsby
had nNtw~d piOf to iM feMtitution. -
7. Thrt in tM ~ruN thet it th~ bpinn;op of a ~t ~ny ~im~ pendiny any wit upon this Mortg~g~. or w faeclos~ it. a to r~fwm lt. w to ~nfora
p~yn»eK of ~enr dainn lwrwnd~r, wid MpRTGAGEE aMil ~pply to tM Court havi~q jv~~fd~ction the~wf for ths appo~ntment of a Recsiver, s~ch Coun shafl
forthwNh ~ppoinl ~ r~piwr o1 pid mwtypd property ~11 ~nd ti~pu~~r, includ~nq ar~d. i~npv~ar fh~ ~ncar». P,o6ts: iuws ~nd nwnwa fran wh~twsr
~tw+?c~ d~riwd, each ~nd ~very of which, k b~iny ~xpr~~sty un~uood, i~ F,~r~by mortg~pcd a if speufic~lty set fa~h and d~wib~d in tM pr~ntiny ~nd
!?~b~n tlawa Mr~oi, u+d wd+ R~cNv« sMll Mv~ all tM boad ~nd~~ff~ctive iunctwns and pov~rera in ~nyw~se entru~led by ~ Covrf to • Rec~iwr, ~nd
~PPa~?+n~n1 ~h~1~ b~ rewd~ ~Y weA Cowt a~ ~n ~dmitttd equiy and ~ rewttN oi absolute riyht to uid MORTGAGEE, ~nd without r~f~r~ne~ to tM
~+~Y p~y ~~~w of tM Prop~~ty inwtpped w to th~ ww~r?cy a~nsol~~ncy oi ~~~d MORTGAGOR a tM d~fsnd~n», and th~t svch
r~~profiM, frrea~M, M~vN ~nd nv~nw~ ~11 b~ ~ppli~d by auch R~ceive~ ~uord~nQ to tM_li~n a~quiy of said MORTGAGEE ~nd tM pr~ctic~ of wch
To duly. p~s~ptFy ~nd fully p~riorm, d;~cha?p~, eatcut~. ~ffect, con,pl~t~. con,ply with and ~b~d~ by ~ach ~e?d ~wry tM stlpul~tion~, pra~m~nts,
oowdblon~ ~nd ao~niw~p in uid pranbwry not~ ~nd th~~ morrqp~ Nt forth.
I• ~f In 1hs want tIN own~nhip of tM mort9ap~d p~~miu~, a any pa~t thereof. becomes w~t~d {n • penon othK tMn tM N10RTGAGpR, th~
MORTGA~tiEE. Ms M+cc~won ~nd ~up~u, m~y, witlwut norice to tM MORTGAOR, deal with trcA suue~sa w ~ucceuor in int~rut with r~f~r~np ~o ~hu
~qrtOp~ M~d tl~ d~bl h~r~by Ncw~d in th~ sam~ m~nn~r -with JYtortppor withovt tn ~ny way viN~Hny or diaMrginq t!y Mortyppn' liability !w~-
aid~r a upa~ tM d~W ~~by acur~d. No ul~ of Ih~ QremiNf h~r~by monpy~d ~nd no fwbeannc.e on tM paM of ~M MORiGAGEE or Ih ~uoc~sson
e? aalpm ~nd no ~xt~roton of th~ tim~ fw tM paym~nt of tM d~b~ Mr~by a~cvr~d ptw~ by tM MORTGAGEE a its ~ucuswn a~uiyna, ahall op~r~»
b rN~~N, di~rp~. nwdily th~rp~ or aH~ct tM wlQinal Ilabitity of tM MORTGAGOR Mr~ln, eitl»r in whob a In.pnt.
10. It N apcifkdly ~Qrkd tfut tNn~ i~ of tM esunc~ of this comr~ct ~nd tMt no w~ivN of any oblty~t~on h~rwndN or of tM obllp~tiw~ N-
ax~d h~nbp ~MII ~t uiy tim~ tMrNhM b~ hdd to b~ ~ wsiv~r of tM »rms Mnof a of tFw irotrument wcwd hsrby.
11. In ~dd;tion to 1M fwpo:np monthlY paYmMt~ of princ'pal ~nd int~rNt r~quirtd by tne p?omi~~ory not~ secvrd Mr~bY. mortyapor covM~nb
+nd ap~MS to piy ~o mo?tpapM with ~ach monthly payrrNnt ~n ~dd~~ional ium e~t~m~ted by mortyqce to b~ equ~l to 1/12 of th~ u?nu~1 cwt of tM follow-
A-All ~~d prop~rty ta:M Iw~cd w~uNSed ~y~in~t the ~bov~ deuribcd real eaut~. °
!-pr~miurM on fir~ ~nd windatorm inwr~nc~ herein requ~red ro be urricd on the improvemenf~ situete on the ~bove de~cribed prtrnFset.
C--Pr~mium~ pn wch mo:/p~Q~ pw~~nry insura.c~ mo~tgapee ahafi from ttme to tcme deem fit ro cerry on the loan securcil hereby.
MortppN shall from tin» to Nr+» notify mortyayw ;n writ~ny of ih~ •mounr dw •nd p~y~bk Mreunder ~nd r.xh sum ahaU th~r~upon b~ du~ ~nd
P+Y~~~ ~ N» dw d~+~ of tM rwxt monthly p~yment and each succ~stiv~ month thereafte. until mortq~gee shall ewtiiy mortgagor of a cl+~ny~ in wcA
•r+~ovnt. 3uth iwm ahall b~ ~pplied by mwtp~pe~ tow~rd the p~yentnt of red properr~ t~~e~. inwruK~ prem:ums, ~nd mortg~pe 9uar~nty inwruK~
pr~mhpM.
IN WI?NESS WMEREOF, tM s~id NWRTGAGOR h~t herwnto Nt his h~nd ~nd a~l tM d~y ~nd yn~r ' t•for~s~id.
3qr»~ S~a1d and d~ltv«~d tn t1~ p~nc. oi: f i 1i~(i ~ES.~Ai~lit;~ RDS M-~' INC.
s~'Ei~u~ sv~w7ir f± A BY. ~ ~
r_ ! ~ . _~..a~:,~ f.t?CER ~:fiR~c ,
c~ ~Q . ar re n ry
~-~-C~ ~.-,-L`>-- - 17EST ~ ,
. • ~ . -j John W. Mcl?tanus Secretar ~
--y~;~: _
~
~ Z3 3 0~ PN 2rea surer
' ~ . , , ~
~ . c%"':4'~~ 3.`~'7$Q~
STATE Of,,fEOR{pA' j' ~OUNTY OF -
;~E . .
I HEREgY ~~iFl(, That on this ~C~ - day of- Mazc h , A. D_ 19 78 ,
. f . .
before rr(e~ pe~onally appeared Ray C Edwards _ and ~ohn W. McManus
respectively Presidenf and - Secretary - Treasurer _ of
F.clwards Mc Manus, Inc Florida _ Corporation, to me
- a--- -
known to be ihe persons described in and who executed the foregoing instrument and severally acknowledged the.exe-
cution thereof. to be their free aci and deed as such ofticers for the uses and purposes therein mentioned; and, theT t~, _
affixed thereto the official seal of said corporation, and ihe said instrument is the act and deed of Qaic~,cdrFpr
~ :
WITNE~S my hand and official seal at fortf~ierce L~~~f '4 •7O ~~C-'~ , said county and state. -'a !..1
FIRST FEDEt2AL SAVINGS AND LOAN • ~ ) ~ ~
~ " ` 0 r i
ASSOCIA?IQN OF FORT PI ERCE = ~x * ,.~'C ~ .
?his instruwent prepared by: ~St6tary Public, in and for State and Coun aforesaid_
M Commission Ex ires: ~TA~v ~~K 31~ OF,j~OR , ~
J. tial tbberts, Jr. y p ~,~~~.t
~or,o~o mRU c~~uu ~NSU+~~ u~awR~~u
ron r~eru, r~onca ~aa~, . 19 ?q
Chetked By ,
anRr ~~4 ~'~1` %
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