HomeMy WebLinkAbout0122 3. io place and tontinvou:~y 4cep on Ihe bui!J~ng~ ~ow on c~reafter ~(~wte on sa~d I~nd and on aR e:w<<:~,:rns and pen•~nally tovtrtd by this mortg•
tye, wi~h all premiumti Ihcreon p~id in fult, lire i:~s~rancc in 1hu i~suol ~?arxiarJ EwGc/ torm, in e sur. ;,~.proled b~ thc A1'~RiC:AG`tE, end windstorn.
ins~~nnce in Ihe uu~a) standard p~l cy lo~m, in o s~m ap,~rovrd bN the h10RTGAGEE, ~n svch company or cempan~es es ths 1.1UR1GAGEE n~ey
dircct; and all firo and winJstcrm (nsu~ants po;i:ies on any of t~~d tuild~nflt, er,~ intcro;t rhereip or pa~t thrreo(, in tha aggrryata sv~r. alore~a~d or
In ezcris Itiereof, thall tontain Ihe v:val ~tanderc! mortfla~ea da~sQ nr such othar cla~se es th'v hlertya3ee may iequ~ra, makir.g li~a icss u~~der ~~~d poli•
ti,+f, each arri every, pjyeble to seld A50RiGAGEE ~i its imer•~st may oppea~, and ar,h and evary such po~;c~ ~F:all bt ~romp~ly ass gnrd and dalivarcd ~o
•ny held by teid h10RfGAGE[ es futlher seturity to s~id morlflage debt, end, not lesf lhen trn (10) days in adw~~:a o( ~he expiretior, of cacli pvlic~, to da-
five~ ro said A10RiGAGEE a rer.ewjl ihe~eof, Iogeihrr with e rectipt foc tho pren,ium of such ~ener~al; and tl~ero sFail be no f~rs •:r wi~ds~orm ~~iuranco
placeJ on rny~cf said 'n~,ildings, any interest iherein or parl ihereoF, un:ess in tiic form and ~vith the toss payab!e as a(oressid; and in ~he event a~y svm
of money brcomes payable und~r such policy or poGcie• seid MO~~G~GEE sh~ll ha~e :ha opt~on to receivr and apply ~ha same on acceual of tF~e indrbtaJ-
~ass secured here6y er ro ptrm~l s~id MORT.•AGOkS to receiv~ and uYe tt oi eny pa~t ~i~e:~of for othe~ ~urpJSt3, ~v~+ho~f ~hc~co~ ~vaivi.~7 c. ~mpair•
t~g any equity, lien or right under or by virtua ot Ihis mor!gage; and in the event sn'd MORTisACORS shall ior tny rrason fail to keep the sa~d prem~ses :o
(~sured. oi tail to delivar promplly any o( se~d poGciee of insuronco tc ~a'd MURiGAGEE, or fa~l promptly to pay fully eny premium theretot or in a~y "
respc<t fatl 'o perform, d~s:har~e, exeata, uffacl, complNe, comply ~virh and abid~ by th~~ covena~t, or eny pjrt ha~eof, seirl AIORTGAGfE may ~lace an~ •
pry (or such Imurence or any parl th>reot without waiving or afFectinp an~ option, lien, equny, or r?ght ur.de~ ar b! •~irtue of this n',ortqaye, and ~he
full a~no~nt of eath a~d every such paymCnt shalt 4c immedialely due rnd payable and sha~l bear imcrest from Ih. date there~f un~i! paid at Ihe rate oi
nine pee centum per annum and toaether v,iih f~~th lnteres> >n311 be sec~rad by the lien of th7s m0rtgage.
~ 4. To permit, tomm(t or suffer r,o wa~te, impairment or Jetrriorotion of •aid properry ot any part thereoF. ~
5. To pey all and ~ingular :he costs, char~a ar.d exµonse~, i~~cluding a reasaiab!e attorney's fee and costs of abstracts of title, int~ned or paid at
a::y tirce by iaid hIORTGAGEE, because or in tha event of the taifu~e on the part of tne sa~d A1pRiGAS'iOR !o ciuly, prompNy and fully per(orm, d~s:harge_
execu:r, cf(~tt, comple~e, comply with and ab:ds by e~ch and erory the stipu!anons, aqreement~, conditiuns, and covene~ts oi sa~d pro~nissory ncte and ihii
morrga8e any or either, and sa~d co~ti, tharges and expenses, eath end every, shatl be immediately c+ue end psyable; v.het6zr or ~of thare ba notice d~
mand, atre~npi to coiiec! ar suit per,~ing; and the tull amo~M of each and e~~e~y euch ~~ayrneN shall hea~ intcr,~sl from Ihe dste ~hereof vntil poid at the
ra!e o~ nine par cen7um p~r an.iu:r.; and ell said cosls, charges and expenses ir~curred or paid, together w~ih such 1~1tLCGS~~ shall be setvred by tha tien o1 this
rno:tgage.
6. That (e) in tha cvent of any broach oF tk~t Mwtgaga or default on th> part of the MORTGAGOR, or (b) in the evcnt eny of eeid wms oi money
herein roferred 1~ bc n~1 promptly t~d fully paid ~vithin tn~rty (30) dayf next aitar the same s=.eral(y be:ome dus ar.d payable, without demand or ~otice,
or (c) tn the event each and eve`ry Ihe stipu[ationl, agreemants, conditio~s and covenaMS of sa~d pror~.issory ~ote and th:s mortgage eny or either are no1
_ ~uly, promp?ly end tully performed, d:scharged, execvied, ef(e;t~d, compteted, complied witn a^d ebided by, than in e+ther o~ any such event ~ho said ag-
gregnte :um mentione~ in said promissory ncte then rEmeining vn~aid, ~~•ith interes: eccrued, ar.d all money3 setur-d hereby, sha!I become due and pay-
ablo forthwith, or thare~(ter, at tha oFtion ef •aid MORiGAGEE, as fuliy and completely as if ell of the aa:d wms of money were originally St~pu!atecJ
to be paid on such day, anythEng i? sa:d promissory ~ote or iri th:s hlortgage to th~ conrrbry not,,y~~hstanding; a:~d thereupon or thereafiter at the opt~on of
. said h10RTGAGfE, withovt r.ot:ce or drmand, sui~ at law or in eauity, theretere or thereafter begue, may be prosecuted aa if a!I moneys secvrc-~l hereby
had mature~ pnor le ira institution. . - -
_ 7. That in the event thal at ihe beginn',ng of or at any time pendir•g any auit upon th7s hlo~tgage, or to fare:~oie it, or to re{orm it, or to enforce
paynent o( any daims:hereundar, said 61~RTGAGcE sha~l apply to the Court hav;r.g ~u~~sd~u~on thereof (or the appo:ntmen! of a Raceiver, such Court shel!
(orthwiih appoint a receiver o! said~mortgaged propcrty all and singular; indud:ng ot! end s~ngular the in:o~ie, pro(~!s, Issues and reverwes irom ~vhatever
_ source derivrd, each and rvery of ~vhrch, it beeng eapressly unde~stood, is hereby mortgagec! as if spec~fica!!y set forth and detcribed ln the grant~ng and
habendum clauses hereof, and svch Aeceiver shall hdve afl the b:oad and effectEve fu~ct:ons ar~d po:lere in anywise entrusted Sy~a Cawt to e Recei~er, and
suth rppointment snal) be made by such Court as an admittad equity end a ma+ter o! abso'ute rigM to u~d ILCJR7GAGEE, and without ~eferente to the
adequary or inadeq~acy of the val~e of the prope~ty mortgeged or to iht ~o~vency ~r ~nsolventy of said h10RTGAGOR or the drfendaMS, and thjt ~ucfi
- renn, profits, income, itsues and revenves shall be appl~ed by such Rer;iver according to the lien or_ s9uity ot s~id MORTG/1G;E ar.d tt~e prect~ce af suth
= CflvrL ~ ~
8. To dv!y, prompdy tnd ful!y perform, d~scharg>, axecure, ef(ect, ccmptete, co:npiy with and abide by each and every the stipuiations, agreements,
conditionf and covtnaNS in sa~d promi~sory note and th~s rn~rtgaga aet forlh. _
9. That in iho eveM ihe o~vnerehip of the mo~igaged premises, cr any part tF~ereof, becomrs vested in a person other than the .'.~~R7GAGOR, ihe
~tOR.iGAGEE, iu successors ar.d essiQns, may, wifhov~ no~ice to the A!ORTGApR, ~ee? wi~h such wccessor a suc<eesor in i~?erest vri+n referenca to this
mortga~e and the datt herrby secured tn the same man~er as wnh I'.!o~tgagor v:i~hou~ in any way v~tlating or dacharging the Mortgagors' liabil~ty here-.
under or vpon the deb~ hereby secur~d. No sate of the premise~ heroby mcrtgaged a.^.d no (orbearaoce on the pa•t c: tHs !/!ORIGAGEE or its successors
- or ass:gro and no cxtension of the t~me for the pnymert of the de5t h~rety sewtcd g~ven by the l.tORIGAGEE or its sutcessws or assign~, 'shall operete
_ to release, d.scharge, modify change or af(ect the o:ig~na! liabil~ty of tne MGnTGAGOR Fere~n, eithtr in whole or in eart. -
10. I~ is speufically agreed Ihet t3me is of the cssence of this co~tract nr,d that no waiver of ony obligetlon heteunder or of tha obligation se-
cured Irsreby she11 at eny I~~s lhereZfter ba held to ~e e waifer oi thr terms hereof or o1 the instru:neN ~ecured herby.
I1. Ir. add~tioa to it~e lorego'n~ month,'y cayments ef pri^c'pal and inte~est required by the prom:sso~y nore secured hereby, mertgagor covenants
and egrec~ to pay to mortgegee •.vith each mon?h!y F~yn-ens an add~riona; wm estirrat~d by mortgagee to be eq~a( to 1~12 of tke annuafcos! of the folto,v-
:ng: . ~
:+-A~I roal proparty _taxrs lev~e~ or astessed ag~~^.st tnc above desr;6ed rea! es;a~~.
B-Premiums en fire and windstorm insuracce as here;n requ:red to be tarried on the ~mprovemehts iitvtte on the tbovz destrfbed premises.
C-Premiums on such mortgnge guaranty ir.surer;ce as mortgagea sha11 froT Yr..e to t:me deem fit tc carry on the loan secured hereby.
h5ortgagee shall frcr-e t~me to time nasify mortgegcr in writ;ng of thE a~ou~t due ar,d payab!e he:eund~r and such sum sha!! there!~pun be due and
payahle en the due date of the next montn:y paymeni and each successive month tne:eafter vr,til mertgagee sha:l rot~sy mortgagor of a thange in such
amovnt. $uch wms sFall be appiied Fy mcrtgager ~o~tia:d the payment of real property taxes, in:urance prerr,ums, a:-d rrortgag:' guaranty in:urance '
p~emi~ms. -
- iVESS ~'L'HEREOF, tne !a~d MORTGAGOR has hereu~to set his hjr.d and sea= rhe day a year firsl a!eresaid.
- ~ d, Sealed er e iv ed in Ihe presence of: -
• - FItEL =~,OR~FO -
- ST.IU:. ~ =.tiL+M7Y FtA~ Seaq
' fi~~t: ~ ;;:'^AS ~ i Dale Trefeln (seap
CLE=.1 -€i. ~iJRT
~~r _ _{Seal)
- - ~ _(Seaq
STATE OF FLORIDA . I7A1 ~ 1 I!! 3H HN J= - _
COUNTY O~ St . LAIC le " ~ ~S• _ ! ~t~L) ~ ~
Before m~ ~~s~~~tty rPFeared Rea i_ s i~a le Tref e 1 ne r r a s i ng le adu 1 t
2t?AKZG.~a`,tto ma v:ell icnow~ ar.d kr,awn to me to be
Ihe ind~vidua j described in and w~ho executed the fo:egoing instrunent, and n:Rno•r~.ted3ed bofore me that ~he~/ executed the same for the purposes
thertin expressed.XFCOEG~C?i~l • _
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i _ 3f#,?~~14?i?~4~FX.Xx2~+o14~~}~iYa?fyXe~ii~iYrie~7G~TF~fi ~Sr`~#S?6=6X~Sc'~ik?S~liiWtRS~li~falSi, _ ~
i ~YITNESS my hand and official seal this____~G~~~~ day of_ ~ A. D.. 19 7 S ~
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- IJo:ary Public in and for e State f Florida at large ~
- h1y Ccmmist;on expires ~
- - Return To: - ~
First Federai Savings d~ loan f~ssociat~on ' ~Q, .~9, , d 97.5: ~
Of Port P;erce. ~ : ; ~
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Fort Pierce, Ftcrida ~ ' - „ _ " ; _ 'k
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- _ This Instrument Prepared By Johr~ ;til, Cdl i ns = ~ ~ ~ ~ ~ ~ :
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First Fzderal Savings & ioan ~issociati~n = ; ; _ - _ _
~f Fort Pierce , F lor ida p R~Q ` - f=
- - _ _ - ~OOK c7 PAGE ' ~ ~ ~ ~ .J~
~hecked By L~ = f ~ :w ~ .G: sS~
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