HomeMy WebLinkAbout0050 3. 1o placu and continuou~ly ltep o~~ tho Lui!~;nfls ~iow or h=rea(te~ fituata en said IanJ and on al~ zqu;pm~n: ~nd p~ -s~nally co•.creJ 4; thi; n:ocig.
ege. w~th all prtmivms thareon pe;d in (utl. tuc ins~rante in 11~~ ~swl s~i~xlc~d ~aficy lorn,, in e wm aE;y~roYCd Uy I:ia h"OR~G:tGCE. J~~:in.ts~or.n
inwrar;e ir. th~ usual ~ee~:i~~d po!~c~ iorm, i~• a~u~n epproved Ly ita h10RTi~AG:F, in suth compsny o~ co~»panies as tite~'f„OR~GAGEE r,~~y
diredt ano ~~1 iirE a~:J w:ndstu~~n ins:::anca pot~c~rs on any of said iwiid~ry~, 3ny in~arusl Iherein or E,arl 1l:etcof, i~~ Ihe a~~:~gara s~n~ tio~as~id or
In axceis Ihrreol, ~I~all c itain ~i~a usual e~andard mori9.igea clauze or such o~he~ c~a~se +3 tha l.taityagae may re~~u~re, r.toMin4 Ihe ;o~e v~~icr ~~~d po'i- .
uee: each ar~d ever~. p~yab!r ~o sa~:1 ~'110RiiiA~EE ts ,ts in~erest n,ay appear, and cacl~ r.~tid every svch pa!:c~ ;hall ha promNt!y c:sg~,ed a~,d d.•i~.~e~~d +c+
any held by sa~d h10RTGAGfE as furiher security lo said mor~qage dehf, and, not Irss tha:i ten (10) dayi in adv.+nce of thr ~~Kpiret~on ot cad~ pc,l~cy, to da-
liver to srid ~AORTG~GEE a renewa! th.~rro(, togethrt with a receipl (or the p~emium of such ~en~~vat; and there shatl be no fire or wi~idstor~n ir.s~ronto
pleced on any o( sa~d buiidinys, any in~crost t}+~rein or par~ the;eoi, un?rss in th~ (orm ar,d w~~h tf,~ Ic:s p.+yabla as afore~eid; rnd in tt~~: E;~:~t any sum
oi monby betom~s payable vndtr swF, policy or pcGc~es taid MOR1GAGfE shali ha~e the oF:ion to rec~~~•~ a+:d apply tho ssn;e on eccou~:t of Ihe indrb~ed•
~ess src~~rd liereby or tn permit aaid /dORTGAGORS to recaive ar.d ~se i1 or any part IA..•re~f fcr oth~,r pu~E~:oses, :•:~!hout thz•. b; .va~.:.~~ cr ~~i~p.:ii-
ing any equ:ty, lie~ c• righl vndcr or by viriva of th~x mo:'gage; and fn the evenl sa'd A10RTG/1G4RS nha~l for any rc~so~ fail to kerp th-~ sa~d prem~ses so
~ insured, or (~il iu deliver promptly any of sai~ peifc~ef of insurarce ro se'd h10RTGnG£E, o~ fait promp~ly to poy fut!y any p~an,ic.n there(ar or in rny
respect fail to per(orm, dscharge, exPa~te, af(ect, comFlat~, con~ply vc•i~h and abido by th~s covenant, or any part hereof, sa~-t N.^RTGA('.[E mey ~leca and
pay (or such iniurance o: any part thereof wi~hout wa~ving or aficclir.g any ontion, lien, equrty, or ri~h~ und~:r or by virlue oi this A1o~~gage, and the `
fuU amount of eFCh end e~•ery suth paymrnt sha!I me immediately due a~d Fayab~e a~~d shall hear intcren~ fram tha dale therco( ~n;il paid at the ~ate o1
nine per ceNursi per annum and to~e!h~c wiih such i~~t:resi shalt t:t sccvred by tfie I:en o` th~s mortgaga. ~
4. Io pe:miL commit or suf(er no waste, impairment or deterioret~o+i ef said prorerry or any parl thereof.
_ i. To pay all and singular tt:e cest~, charfle; a~d axpemes, ind~~d~n~ a rtasonaLle at~ornry's fee and cus~s o( absirat~t of title, incurred or paiJ at
_ ar.y tima by s~~d MORTGAGfE, betauso cr in ine event of the fa~'ure on the par~ of the said MORTGAGOR to c.+uly, promptly and fully perfornt, d~echarge.
execute, efiett, tomp!eie, tomply w~th and eb:dz by each ar,d every the stipulai~ans, agrecments, co~ditions, and covenants oE said p~anissory no~e a-d cha
mortgage any or ei~her, aad sa d costs, charges znd expe~~ses, rach and evary, shalt ba immediatcty due and payab!e; wfiether or rot rYere be nor~ce dr
mand, a~tempt to caliect or ~oit pend~ng; and the full amoi~nl o( each dnd e~e+y such ~»yment thall beo~ inr_rost irom the date the~eof u~til paid at the
rate oi ni~ie p~r ccniu~u ear ann~nr, or~' a;t said :u~rs, cha:ges and c.ccenses incurrec! or paid, eogether vn~h wch interest, shall ba srcureti oy tha Gen of th~s
_ mortgagc. ~
6. That (a) in the event of any ~reach of this Alortgage'or defa~tl oi th~ part of ~he 1.lORTGs1GOR, or {t) in the event any oi said sums of mor.ey
hetein refatted to b? not pr~mplly and f~lly ,naid withirt thuty ~30i days ner~ a!t:r Ihe same severaliy become due an~l payable, wiit.o~1 dr.Tand or not3ce,
00 (t) in the eveR1 each and every the ~tip~~lations, aqree~~Senls, tond~tio~~s and covenants c+1 sa:d promissar! ~ota and th~t mortgage any or e~~her are nol
- ~u:y, pro~nprly a~d (ully per(ormed, d:scharged, >xacv~ad, efieUed. comp~e}ed, co~,~pi~ed v+ith ar.d aE:ded 5y. then in e~the~ e~ any such event :he.said a3•
gregatt wm menticned in said promissory nora thzn rernainir.g unpaid, ~Yith interest acrued, and a:l moneys 3ecured heteby, shall become due and pay
ab!e forthwith, or thereaitcr, at ihe ool~on of saio t.10RTGAGE~, as fu~ty an~ compfetcly as i{ all of the said surr.s of money were or~ginatly st~puiated
, tc be pa:d on surn day, anythirx~ in sid pro:n~ssnry note o~ ~n this 4tor;gage to :F:e tontrary notw~thstandmg; and thr.rcupon or' thereafter at the opbon of ,
sa~d A10RTGAGEE, ~~•itho~t noticr or demand, suit at law or in equity, therefore or tl~cteaiter beyu~, may ba prosecuted as if all monays Secured hereby
- had ma~ured pnor tv ~rs institution. ' _
7. Tha1 in ~'r~ event tl:at at :~e beginn'ng of or at any time F~nding any su:t u;.on this ~.~o~tgage, or to #oretlose it, or to te(orm it, ot to Cnfo!cA ~
payment of any dai•ns Fereunder, sa:d A10RiGAG:r sha':t apply to the Cau~t havir:g ~u~+s.l~t~~on theceof for Ihe appoin!ment of a Reteiver, such Eo~rt shail
. forth-,~~ith appoiM a rccCiver of sae~ mortgaged prc~~rty tll and singular, ir,~f~~l.ng ali ar~d smgular the :r.tOme, profits, ffsues and revenves irom v~h3tarer
saurce derived, each ar.d every of .vh~cL, ii beirg expressly unders~~eti, ;s h:erehy rr.or~g~9ed as i4 spec~~ically set for~h and described ~n ~he gren~~n~ and
hs6end~:::i clai~ses hercof, and such Receiver sh~fl tuva o?1 1t:e broad ar.d eftect~ve fur.:nc•~s rnd po.vers'ir~'any1v~se emrusted by a Ceurt to a Reteiver, and
se;ch aa~eint~~ient shait be m3de by wch Ceurl as an admitted eGuity a~~d a matter o! a5s~;v;v r~gh1 to sa~d K.ORTGArFE, and withoul refere~ce~ to the
' ' adeyuacy cr inadequacy of ti:e vat~e of the preperty mo~~ga~^d or to th~ so.ye^cy or :nsr•i•:enr~ oT said A'.ORfGAGOR o~ the defendants, and that such
rer,~s, profits, in;ome, issues and rever.ues ~~hall be ~pplicd by such Rece~vrr accord~ng !o the lien or equity of said h10RiGAGEE and-the practita of such
Court. •
' 8. To du'y, pro~-ptty and ful!y perform, d~scharge, execute, efiect, co~npto~e, ce:::ply r:~in anci ab~de by each and every +he stipula~ier.s, agreemenls.
cor.ditions and covenants ~n said p~omistor; note and th~s moctga~e se' Es+t~h.
- 9. That i~ -the event the oticnership of th~ mortgaoed premises, o~ am~ par~ rF.ereof, 6eccmes vested in a person other ehan tMe r.~oRr~.a~eR, ihe
h!ORTGAGEE, its suctesso~s and assigns, n:e;, ~v~thout cofice to Ihe M02iGPp2, d~..i r:~th sucF: successor or successor in intaresl rrith reference to this
_ mortgay~ ar.d the debt hereby se:ured in the same manner as with 1lortgayor w~thoul in any tivay vit;atin~ or d~scRargina the /Jlortgagors` liability here-
~nder o• upon-the d~L=~ hcreby secured. No s~!e of ih~ prem~ses F.ereb/ mo~tgage~' ar.d no fo:be~rance on !he part of the /r~ORTGA3tE or it~ sw-cessors
i,r ass~c~ns and no extenson of the rime for the payn~,ent of the deb~ hereby s~c~~ed g~ven by ~ht NORTGRGEt or its successon or ass~gns, :liali operate
1o release, d;schrrga, modiEy char.ge or affect tt:e orig;~~! tiaoUiry of ths h'•!~RiGAGOR herein, e~ther in ~vhole or in par?.
10. h is spec+ficeHy agreed that 'tine is ef th~ essence ~f Ih~s :ororact and that no waiver of bny obligat~on hQreunder or of Ihe obligation se-
_ cured hereby sha~l at an~ tin~e th•=reafter be held to be a v~aiver of the termi hareot or of the irstrume~t secured hErby. '
. 11. Ir:-~dd:Non to th~ fweno'~~] month'/ p~ym~nts uf ~;rin_ pd~ dnrj in;,.~..est requ~rcd by Ihe prc+niss:ry no'e setured herrb~, mortgagor covenants
; and agrees to pay ro m~r!ga~.ee v.nh eacn ~ncr~ah;~ F,ay:~:e~~s an ed~:•~o;,a; sum est~n,ated by mortgayee to 5t fo 1/12 of ihe ann~al cc:: of the folt~w- "
~~7. _
A-A~! ~E3I property faxes levied or ass^sscd rgal~tist t}~e obo:~a descrb±;cd rea: esta!e. ~ '
Pren:i;;•:~s an fi~a ar,d ~•:icdsrorm insu•arce as iie~e~n requ~red tn be ca+r~ed cn tFie improvecne~ts situate on the abov~ d~s:ribed premises.
" C-Premiu,rs on svch mcrtgaae gua:ar.!y ir.su~arce os mortgag_e sh~;l tiom t'me ro_tin~e deem fit to ca:ry en the loan secur~~. :~ereby.
tAo~tgac~ee shai~ from ten;a ro ti:re not;fy moftqagor in ~•:r~ti~9 of 1Fe a+-ou~t dv_ and payable hereunder anJ such'sum sha!! thereupon be due ar,d
paya~'e on the clue cia~e of the n~xt m.en!F.:y payment and e~ch su:ceszivr mornh thc-ra{t,r ur,ti! ~ncrtgagee shall r.ol~fy mortgagor ef a charge in su:h
amount_ Such sun;s sha;l Le epplied by mortgay~e toward ~the pa~ment af re~I property taxes, inwrance prem:ums, and mortyage a~araMy insurance
~iums. -
W VlIiNESS 'riHE , the ss~e MORTGAGCR has hereu~te s?t his h3;.d ind s~_ai the day and year first a(oresaid. ~
ned, Seafed d .ivered in the pre~nce af: ~ ~ ~ - -
f;LE: ".E~tRDED ~ ~
- . - ST. LU';': ,~LUk1Y FLA- t _ Z-(coa~~
Gu;F:, ; ~~'KaS Dou s C.- Pa -
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- -^c(`:ip- ; .t:' 1 _~.-{5eal)
. . mo~d Pa $tte ~ (Seal)
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S7AT~ OF FLORIDA - - . ~Pf,
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St. .Lucie ~ ~s. . 3~`~~~.L~ - -
COUtJiY OF ~ : _
Befo.e me personzliy apc~ared DOU~C' la5 ~-e PayeL~e _ 81~
Armond PayQt yQ _ his wif~, to me vrell knat;n and fcr,own to me tG be
the individ~ais descriced in and ~vno executed tha foregoing instrume~t, and ackr.ow:edg~d beFore me that they execuleo the sam~ for the purposes
tlxrein expressed. And fhe said AYIIO?iC~ Fdy@tt@ _
Ts'OLl ~,a3 Cr Pa QttQ _ ~ , upon a sepacato a~d private
v~ife of the said _ y
exam~nat~on tj mc t5ken s?parate an~1 apart irem her said hu<_band, acknowledged to and before me that she er.ecvsed said instrument freely and votun-
ta;i(y arid w+thout any compulsion, constraint, appr ;on or fear oi ot fram her said husband. ' ~ -
VJI1NE55 n~y henci and ~ffiuai s?al th~s_ day of _A rl ~ A. D. 19~~
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Notary Fub~ic in and for the ate of F.ida at Large
_ ' - _ ~hy Commissio~ expires:
- Return To: - • y ~r~~ ~
_ first fedrral Savings S loan fissociaf~~n ~ ~r -
Qf FCrf ~:erce. - `
fors Pierce, F:orida . . • -
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~ This Inst;~~ment Pre ared_ 8 - - ~T
i - P Y Will~lm J. Forbes _ ? . , t~.o...y;: : ' "r `
, ~rst Federal Savings & Loan Associat~on . .
- of Fort Pierce~ Flox ida . 33450 f _ - - U~ ~ ; • ~ ~
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Cnecked By_~1~ _ U ~i - C,.'••...:::.• -
- aoex~~ rACt ~ - .
_ _ ,~''~..,~cj~~t~s.,` _
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