HomeMy WebLinkAbout0250 3. To pl~q •nd continuou~ly ke~p on the bu~:d~nfls oow w Mr~~l~a ~~fwt~ or f~id I~nd ~nd on ~li eQuipmem •~d p..wn•Ny co~•~.d br ~h;, ~+w.~p-
p~, with ~ti pr~mwrtw t~treon pa~d in full, fira in~u~~nt~ ~n the ufu~l tt~nd~rd po~ity (Orm, in ~ wm •pprowd by th~ MORTGAGEE, ~nd w~~dttan+
iruw~np in tM ~wal ~t~ndard pol~cy fwm, in a s~m ~pprov~d by ~M N10RTGAGEE, in ~~cA comp~ny a comp~n~es a M~ MdRTGAGfE in~y
dir~c~r ~nd all fir~ ~ed wu+d~~orm io~ur~~c~ poGus~ oa any of ~~~d bu~id;.~y~, •ny ?er•~•,~ ~h.~•in « par+ ~h•~.ot, in rM ~pqrsp~~~ wm ala~aid w
!n tatM~ Iha~of, fh~ll cont~in tM vtwl stand•rd mortp~yk cl~uq a such mhN cl~vs~ N th~ Mwtpa9N may r~qu~r~. mdinp ?M IoN undN ~ad pol~
ci~s. ~~cA ~nd ~vKy. p~Yabl~ ro~~id MORTGAGEE a~ ~u inte~e~t may ~pp~ar. and each ~nd ~very tucA poncy shall b~ promprly ass pn~d ~nd dsl~vatd ~p
•ny M1d 6y uid MORIGAGEE fu?~Mr acw~iry to said matpa9~ d~bt, •nd, no~ leu ~M~ Nn (10) d~yi in advanc~ of th~ ~xpir~t~on of ~~ch polKy, to dr
liwr to ~aid MORTGAGEE • ~~newal rhe~cof, tope~l+e~ wiih • fKf~pt for ~M pr~mium of such r~new~l; and ~h~~• shatl b~ no f~~~ o. w~nd~ro.m Insvranc~
pl~ad on ~~y of uid build~rq~. •ny interest ther~;n o~ part tMreoi. unless in ~M fo~n+ ~nd w;th ~M to:s p~y~blt ~ia~s~~d: a~d in ~M •v~n? any ~um
o! rno~+ey becom~~ p~yabl~ undN tuch policy a polKiss ~aid MORTGAGEE ~hall hav~ ihe opt~on ro r~ceiv~ ~nd ~pply the Nm~ On ~ccount o1 tM ind~bt~d~
n~u s~tur~ Mr~by Or b permit a~id 11AORTGAGORS to receive ~nd us~ it p•ny part tAereof for other pu.pasef, w~rhpul fh~reb~ waivi~.g o~ ~mp+ir- ~
7rq +ny ~qully. ~,M a riyht undsr or by vir~w ot rhis mo:sp~p~; ud in tM ~venr i~~d MORTGAGORS thall fw any reawn tail w ke~p ~M ~~~d p?~m[i~s w
in~urtd, ot fail a d.l~ver ptomplly ~ny of taid pol~ties o( inturant~ fo ~aid MORTGAGEE, o~ fail p~omptly to p~y f~(ly •ny p~emium therefor o~ +n +ny
n~pect (~il to p~~form, diichuye, execute, effect, cample~e, comply with and ~b~de 6y th~s covenant, or •ny psrt hareof, s+~d MORiGAGEE may pl~ce and
pay fd tvth inwruu~ w~Mr part tAereof w~thou~ w~iving or ~fiectinq ~~y opr~oe, lien, equ~~y, or rigM under or by v~rtue o} thii Mutpiye, and the
t~ll amount of ~acA and ~v~ry ~uch p~ymen~ shall be immad~~t~ly dw ~nd p~y~b~~ ~nd shall beu intcre~~ fiom tM dat~ tFxreof until p~id N ~M ra~~ ol
n~n~ p~r t~nt~m pN annum ~nd +o~ether wifh ~uch interest sh~ll be secured by tM lien of ihis mort9~ge,
To p~rmil, commit or suffer no waate, impa~rment w dcter~oratio~ of ~aid property ot any pa?t thereof.
S. To pay ~II and sinpvlu the co~ts, cha•ge~ and expenses, includin9 • resson~ble •t~orney'~ fee and costs of ~bstract~ of title, inturred o~ p~id at
any tim~ by s~id MORTGAGEE, bac+us~ w in the t~em o~ rh~ (~ilur~ on tha pan of tM iaid MORTGAGOR to duty, prompNy ~nd fully perlotm, d~uh~rge.
•~ecvt~, ~Ifec1, canpk~~, comply w~th and ab~de by uch •nd we.y ~M i~ipul~twns, ay~cerrNnh, condi~wns, ~nd cown~nti of uid promissory note ~nd sh:s
mortp~p~ ~ny a~iiMr. and ~~~d cwts, cha~9es ~nd expense~, e~ch ar+d wery, ~Mtl b~ immed~~tety due •od p~y~bt~: wheehe~ a not rAsrs ~ nOtit~ d~
mand, ~ttempl to tollecf p iuit p~nd~np; u+d the full ~mount of e~th and wery fuch p~yment ~1~a!I bear interes~ from fAe dste the~eof until p~id ~1 the
rote of nins per centum p~r •nnum; and all said costs. cr.arges and expenus incu~red or paid, togethe~ with such int~r~p, ~MII b~ setured by ~M I~en o( thi~
^wrtOp~-
6. That in the event of any breach of this Mortgage or defaul~ on tFr psrt of the MORTvAGQR, or (b) ~n the eveM •ny of ~a~d svm~ of money
herein af~rred to be not promp~ly and fully paid wi~h~n th~rty (3p) days nex~ afrer rhe same ~eve~~lly become dve •nd payable, wi~hou~ dema~d or nofice.
or (c) in the eveM each ~ed every the stiputationa, agreemsnef, conCfiont ar~d covenaNS of srd promiuory note '+~od tA~~ mortp~ge ~ny or ~ither •r~ not
~uly, pomptly ~nd fulty p~~famtd, d~uharged, ea~cuted, effected, comp{eted, complied w~th and ~b~ded 4y, tMn in either w•ny such ~vent IM s+~d ag
preyat~ wm mentbn~d in t~id prom+ssuy note then remaininy unp~id, with imer~sl accrued. ~nd atl mon~ys ~etured hereby. sMll b~twr~e du~ and pay~
•b!~ fpthwith, or th~reaffe?, at th~ option of said MORTGAGEE, at f~lly and completely if •II of tlx uid sums of money wer~ a~ginally ~tipul~t~d
to be paid On tuth d~y, anythinp in sa~d promisaory note or in thi~ Mortp~4e ~o th~ contrary notwirh~t~nd~ny; and therwpon or there~fter al tM op~ion of
~aid MORiGAGEE, wi~hout notic~ or demand, suit at law or in equity, thaefors w tMre~ft~r begun, may be prosecuted ~f if ~11 money~ securtd hereby
had mawred p~wr to a~ irntitution.
7. TMt in tM ~wnt that et the bcginn~ng of w ~t any t~m~ pendin9 any ~uit upon th~a Mortgage, a to faeclos~ lt, or ro rafam it, or to e~forc~
p+rn+Mt of ~ny d~ims Mrsunder, aaid MORTGAGfE •helt •pply to the Coun h~vir.g jur;sd~a~on thereof fa ~he appantment of • Receive~, sucF~ Court sF+~II
Fo~thwid+ ~ppolnt ~ r~ceiv~r of ~aid mortp~yed property ~It and singular, inctudmg atl •nd ~inguiar fh~ income. prof~r~, if~ue~ and ~wtnues fran whatever
:w~ei ~i.s.i, :r.h •nd w~ry ot wh~ch, it beinq •xprefs~y ~nderpood, is hertby mortgaged if ~pK;/;~~Ily s~f faM and deu~ib~d in !M pr~ntirp ~nd
lub~ndum clavse~ )wreof, ind •uth Rcc~ivsr shell have •11 the broad ~~d effectivs funct.on• and powen in ~nywi~s entruited by ~ Court to ~ Rccsivtr, and
~uch ~ppointrt?~nt ~hall b~ made by such Court ~n ~dm~rtcd equity ~nd • m~tt~r of aesolute riyht ro ~~id MORTGAGEE, and without r~ier~nc~ fo tM
~dpv~cy a Inadpv~cy oi M~ v~lu~ of th~ prope.ry mortgaqed or to the awv~ncy o~ ;nsolvency of ~aid MORTGAGOR w tM d~f~nd~n». ~nd th~t iuch
r~nt~, profit~, Incom~, iuves ~nd r~v~nws aMlf b~ appiied by ~uch R~ceiver ~ccordinp to tM li~n o~ puity of a~id MORTGAGEE ~nd tM pactiu of such
Co~A.
S. To duly, promptly ~nd fvlfy p~?fwm, disch~rqe, eYecure, effect, complet~, comply wirh ~nd abid~ by ~~ch ~rtd ~v~ry 1M ~tlpvl~tioru, ~qrKm~nt~,
conditia+t ~nd cov~nanb i~ sa~d promiasory not~ •nd th~• morty~q~ i~t forth.
9. TFut M thr w~m tM own~rahip of the mortg~yed pnmip~, oi any part ther~of, become~ wshd in ~ pe?son otMr than tM MORTGAGOR, tM
1MORTGAGEE, Ms ~ucc~uora ~nd ui~p~~, may, wiihour no~rce to tM MORTGAOR, d~~l wirh ~uch tucc~aso? a aucceud in inter~si wifA r~ftrtnc~ ~o tAis
nw?tpp~ ~nd t1» debt h~rtby ~ecur~d in th~ s~m~ manner a~ with Mortp~por without In ~ny w~y vitiatlnp a diuh~ryir~ tM Mwt9yws' li~bility Mrt
und~r or upon th~ d~bt h~nby s~cured. No sile of the prem~NS her~by mort9p~d •nd no fab~~r~nt~ o~ tl+~ p~n of tM MORTCAGEf or it~ ~ucc~awn
w~atprn ~nd no ~ar~nsbn of th~ time fa th~ paymem ot th~ d~b~ h~r~by ~~tvr~d ylv~n by tM MORTGAGEE or it~ ~ucuuwa p atsiyns, ~Fwll opa~t~
Io ~N~as~. diKM~p~, modify th~nq~ w~ff~ct ths orip:~~l liab;l~ty of th~ MORTGAGOR Mr~in, ~itMr in whol~ ot In put.
10. It M tp~cifk~lly aprted th~t tlm~ is of the cs~er.cs of thi~ conrrad •nd that ~o w~IvN of ~ny ob1iQ~~ion h~rwnd~r w of tM oblFpation q-
ar~d h~r~by ~haU ~t any tims thsre~h~r b~ held to • w~ivsr of t1N t~ima htrwf w of th~ Inslrum~nt Ncur~d h~rby.
t 1. In add~tlore to ?M fapo:nQ monthly p~ymenrs of princ p~l ~~d int~reN r~quir~d by th~ p~om~~wry nor~ secur~d Mr~by, mort9por cownanri
•nd pr~ts to pay to monp~q~~ r?~~h ~ath monthly p~yment •n add;r;on~l ~um e~tim~t~d by morrpwN to b~ ~qu~l to 1/12 of tM ~nnu~l coat of the follow-
inp:
A-Afl resl prop~rry t~x~~ Iw~ed or •ue~sed aga~~i~ the abov~ desaibed rod esu».
6-Yremiums o~ fir~ ~nd wind~torm insurartc~ as_herein requ~red to b~ c~rricd on the improvem~ntt ~ituate on tM •bove described premisy,
C-Pnmium~ on wch morfg~y~ qwranty insurar,c~ •i mortg~gee shatl from time ro tlme de~m fit to cerry on the lo~n secured hereby,
AAortyap~~ sh~ll from time to t~m~ not~fy mo.tya~or ~n writ~np of the amount du~ and p~y~bte !»reunder end ~uch tum ihill ther~upon b~ dus snd
payable on the du~ dst~ of ~h~ r»xt monthly payment and each succeisiv~ month there~fter until mwtp~yee shall not~fy mortgagor of • chsn9e in such
smovnt. Such sum~ ~hall b~ epp:ied by mortgagee foward the p~yment of real p~operty taxes, inaurantt prem:ums, ~nd mortg~ye Quarsnty inturu~t~
. pr~miWBf.
{N WIINESS WHEREOf, ti+~ ~~id MORTGAGOR he• hereunto tet hi~ Fynd and a~d ti+~ d~y ~nd y~~r fint afor~s~i
Sfpn~d. S~al~d •nd d~llv~r~d In th~ pr~~~nce of: ,l
fKE~ AN ~ECWtDEt tlz.l~L i.~~IC~Q( ~
~ M~~~~~~~ FREn H_ RIfHARDSnN
~C4CE} PoITRRS ~5.•4
C'.~~~ GIRCUtTC~UFt ' q
c p t G 4
, ~
STATE Of flORl ~M~ ' 4 17 PM ~ r!! \ ~
~o~~,? oF _ sT . ~ E 4~18 3
6~fon m~ p~rwna~ly ~pp~ared FRED H. RI CHARDSON
, KELLY A. RI CHARDSON
fiis wif~, to m~ w~ll known and known to ms to b~
th~ lndhldw4 dNtrib~d In •nd who ~x~cut~d tM forpoinp inurum~nt, w~d acknowl~dped b~for~ mt that tMy ~x~tutsd tM wrrw fo~ th~ purpwn
?Mrdn •zprtiNd. Md rh~ wt CHA DSON
w~i. oi rM t~td FRED H. RI CHARDSON v~on .~pa•t~ .nd p~~.ti
•x~mination by m~ uk~n Npu~t~ •nd •pert from h~~ ~~~d hu~b~nd, aeknowl~dp~d ro~nd b~for~ en~ tMt ~M ~x~eut~d ~~Id Imtrum~nt frNly and volwr
f~rily ~nd without any compuliia~, constnint, •ppreh~ntipn.. or fiu of or from hsr Nid hu~band.
WITNESS my h~nd •nd offlc]~t N~I thii TN d~y of QPR I L D. 19 78
( _a/
Nw~ry Publk In ~nd t Sqt~ of Florld~ at L~rp~
My Commiuion ~~c ps
R~tum To:
~1,~.~,,, r, :;i ai Ca. !
Wst F~ral S~vlnpa i lo~n Miociit~on - '9
Of fort P~~rc~. ' r - ~ . . cs :y iy31 -
fort Plau. Flwid• . . ;.°•:•++s
This Instrument Prepared By .1..HAL ROBERTS, JR. ~ ~
First Fed~rel Savinys ~ Loen Asaociation ~ ~ ~
of Fort Pierca .
Fort Pierce, Florida 33450 - " '
c- ~ ,
,
Checked By - ~ 0 286 P ' ~ ~ _
~ a~ ~ . , _ r
. ~
. c •
BP