HomeMy WebLinkAbout0508 ' 3. To plata and cont;nuously keep ai !he bui!clingt no~v o~ h•:retife~ titui't on said lend and Gn aC cquipment and persaneUy coverrJ by this mor1~•
age, :vilh ell premi~ms Iherron ~alJ i:~ fu1!, ii~a ir,suren,e fn Ihe ..tual s~er~~~:i ~.~n!icy (wm, in a s~~n a~.pr~vec! Ly 2he MOk~GAGEf, ard wit7d~torm
inturance in Ih~ wual s~anJer~ pof:cy iorrn, in a sum approveJ by the A10RTGAGEi, in svc1~ compan~r nr tnmptnias as th~ MQRTGAGEE may
direct; a~~d all fire a:~d w~ndti•orm ~r.~urancc ~~oNc~rs ori a,~y oi s~id bui:d.nc~s, any iMrrcet therein ur pert thc~eof, in Ihe a~grege~: i~m aforesald or -
(n extess ihereof, shall :ontain ihe ~s;:.l titandard mo~~yagec tla~~se o~ suth o~ner t!a+~~o es Ihe l~lo~Igagea may req~~re, miAin7 ihe lo?s unde~ siid poli• t~-- ~
cirs, arch and every, payab:e to faiti A1vRIGAGEE as ~ti ~nterc-st niay appear, and each and erc~~v such pc+':ty sh~U be pran~ptly ass gned a:io detrvered ~o
any lsefd by snid h10RiGAGtE as f~rther seturity to 3a~d n,orlgage debt, and, ~01 !ess than ten (t0} o.iys in odvar,ce ~f the expiralion oi eacl~ policy, to da-
liver !o ~eid AIORTGAGEE a rtncv.~al thcrcof, to~eiha~ with a ~rcei~.t lor :h: pre~~~ium of u•<h renewal; an~ ~hcre sh;ll bz r,o fite or winds~orm insurarte
placed cn any ef said buildinys, any In'erest 1Fere+n or part !ncreoi, unlcis in the fc-m and with Ihe loss payab!e as a!oresaid; ar.J in !hc event any s~m
of monay betome~ payable ~ndir such policy or poGcies said 1hORTGAGEE SI1lII FtdV2 !hc opl~on Io rec3ive and apply 'he saroe o~ account of tha indebted•
neu s.•cured herety or ~o pe~mft sald !ACRTGAGORS to trrei~~ and use it or cny paii there~t tor o~h~_r pw+~oses, w~~ho~t thzrcu; .v3i~~:~~ er impair-
ing any eqv~ty, lien or ~i~hl u~~der or by virtue of Ih~s mo~!c~agr; and ~n thc evant satd A10R7GAGURS shafl far any re~son faii 1o kceF Iha said premists so 'e-~;~
insvred, or fail to qe:iv~: prornptly any of ,aid poGcies of imurance to said t~SORTGAGEE, or fail premptly Io pay fully any premium fhereior or in any .
rape:l fa~l to {:erform, d~schaige, execute, effect, con~pte~c, ccmpty wi~h and abPde by Ihie covanar.l, o~ any part hereaf, sa~d RiORTGAGEE may ptate and ~~t-
pay (~r such insvran<e or any pa-1 /hereef w;thout ~•aiving or atfec!ing any ep~ion, iiei~, equ~ry, or ri~ht v~drr o-~ by virtua oF this Ntortgage; and the •
full amocni of each and every such paymer,~ shall be :~•~~ned~a~ely dve and paya6te ancl sh~li bear interest irom Ihe dato theieof u~:~il paid at the ~ate o1
ninp per tcntt~m per anne•m an3 toa,~sh~~ w~th suth intcr~st shstl ba securerl by the lien of this mottgaga. '
~ 4. To permit, commit or su(ft~ nc wa:le, impairea:rnf or deterioraticn af said prcperty or any part the~eof. '
5. To pay all and singvlar ~he costs, tharces and e~pens~s, inc!uding a reasonabt~ a~taney's fee and costs of abstracts of tiNo, incurred or paid at
any time by said .'.1URTGAGEE, because w in fhe evenf of th~ iaiiure on thz pori o( :he ssid h10RiGAGOR t¢ duly, promptly and fully ~~rtorm, d~schaige.
exeNte, eHec1, tomp:ete, co~~~ply tv~th a~a ab;de each Fnd every the st~pulat;ons, aqreen4:nts, to~tid~lions, anci tovenanSS o( said promissory note and ~his
~ ~ mort~age any or either, and sa~d cotrs; ct;ar~e; a,~d expenses, ea~h and every, shA!I b: ~mrnedi3tety due and payable; whether ar not there b~: notice da
manJ, atte~npt to toltect or s~it pznd~ng; and th~ full a:no~nt of each and evrry v!ch payment shafl bezr interest (rorie the datu there~f i~ntit paid at Ihe
rate o± nine prr crnturn p~r annu~r a.^.:! at+ sa~d ccsrs, cl:a,ges an3 cxper.a=:s i,~t~:rJ or pj~d, togrther ~vith such inter~st, shall be secured b~• 1he lisn of thit
mat~agr.
~ b. ihat (a) in the event of any bre3ch of this A1ort~aga cr aafouit on th> p~rt of th~ ~lORTGAGOP„ or (b1 in the evenl any of sa~d swns of money
he~ein ~eterred to be not promptty and fuliy paid within th;rty t30) days r.exi aher ihe same severatly becarie due anu payab!e, wiihovt damand or noiice,
ot {tj in the event eact~ and every IFa st~pu!at~ons, agr~rme~z~t, condrtiont and te~enanfs o( sa:d promiscory nota and th~s tnurtqrge any or either are n~t
~uly, prump~ty and fully pu(o~med, d stharged, eae;uted, e~fecieci. :an~•.'eted, iompEied w~tn and at~ded Sy, then in either or any such event the said ag-
grega!a sum menteoned in sa~d pro:n~sse:y note then rema~ning unpaiJ, ~vith interest att~ued, and all moneys secured hereby, Shall become due and pay-
abi_ iorthw~th, or thereafter, at she cpf~on of s.ud ht02TG~GEE, as fuL'y ar~el cornpletety as ii all ef the said sums of money were originafly stlpulated .
to be paid oii tuch day, anything e~~ sj:d pro~n;story note or in Ihis A!ortga~e to the comrarp nehvithstanding; and the:eupon or thereatter el the option of
"iaid MQRTGAGEF, ~,rfF~out nottce or den,anci, suit at law or in equ~iy, therefore or thereai~er,bec~un, niay ba prosecvted as if all moneys secured hzrehy
had ~natured priot fo its institution. . ' . ~ ,
7. 11:3t in the event tha! at tne be3inn~r.g cF o:.at any t~me Fending any suit upon this Mortgage, pr fo foreclose it,.or to reform it, or to enforte _
payment o( any c!aims he~eunder, s~id A10~TGAG_c' shatl a{~ply to the Cowt ha~in~ j~;r~sd~dion thereof for the appa]ntment of e Receiver, such Court shall
forth~vith appo:nt a n-ce1•:e: cf's:id rrort,agea prc•pe~ty al; end s~r.gvlai, indud~g'a)? and s~ngu~ar tt:e in<onie, profits, issues and revz~~es from whatever
seo~ce de.ived, eacn anci every of ~vh~ch, i~ be~ny e.iEr.ess'y und_rstooJ, is h~:rcuy ~~iCrt~aged as if spec;fically set forth and ~escribad in the granting and
hab~ndum ciauses F~rcof, ard wc'r: Receive: shall have ait the broad and effedive funct:ons and pov+ets iri any~vise entrusted by a Cou~t ta a Receiver, and
wch appointment shaU h~ mad~ by svch Ceurt as an ad^~iite~ eqvity and a n•atter of absolute r+ght . to said MORTGAGEE, and w~+hcut reference to the
_ adequ~c/ ar ina~+eqvacy vf fh~ vaiue of the prop~rly mOr~oaged or to th;: so:~•ency or ~nso,venty of said .'110RiGAGOR or the defer.dants, and Ihat such
re~ts, proiirs, intome, issves an] re~•enucs sfiall 6e appiied by such Reteive? auording to tFe lien pr equily of said h1URTGAGEE and 1he practice of such
- Court.
8. To duly, pror.+pt:y and fui?y peifern~; d:s.harge, execute, efiect, comp,etr, ce:noly ~v~~h and abide by tach and every the sl pvlations, a~reements,
. tor:d~tions and euvenants in ~aid promissoty r,e[e a:1d ~?~;s m~rrgage set forth. -
- q_ T~r+ i~ th~ evc^t eti~ o:.^~.:!~:,: nf ,F.e , ortgagec! p~c•,;:••~s. c• ~ry ~a~t t~crc:•f. h:~c^~nes ~ss!e~ in ~ prr~~n ofhpr t~an !hs hV?RTG.4G~R, tF.e
h`.OR~iG~GEE, iss success~rs anci as:ig:.s, m.~y, v,I~I;~ut ne~rce to ai.e N~ORiGf,OR, dca: w:ih such successor or succe>sor in iMerest with refe:ence to this
mort~age and !he debe hereby ~ecured in the sam< ma;:r,er as ~vith tl.o~tgagor w+thout in any way vit~afing or discnaro'ing the 1.lortgagors` liability here-
undcr or upon ~h~ d_at f;=reby secv:ed. fko sa:e ef th•. prem~sts herebp mortgag~•d ar:d no forbearance on the part oF the 1110RTrAGEE o: its sutczssors
- or as<_~gns and no extans;on cF the tim= fo~ ti~: Fayment oi tne lebt i~erc~y sctureJ given by th8 h10RTGAGEE or its wccessors or assigns, ahall operatg
~ to re%ease, d~scharga, mod~fy CI~3:~~2 or af!ect the or~~ir.ai lian:i~fy of ~he /;~OF.iGAGOR herein, either in whole or in parL - ~
- 10. It is spec~ficaiiy agreed that time ~s ef ;h~ essence of thls COn~f3Ct and that no waiver~of any abtigation hereunder or of the obligation se-~- ~
. eured hareby shai! at an; t me ihe~~af!er be held to b~ a waiver of the terms hereof or ef the instrument secured herby.
11. In aJd'tio~ to the (orzgo ~~9 morr.!:'v paye~cnts et prir.c~ps1 ar.d i~~t,:cst teqvire7 by the prom'ssory ~ote secured hereby, rr.o:igagar covenants
. and ag:ees :o ~ay :a r.;o-t:=yee +.:sh ea~h meat!~'.y pa;r:,ent an ad:::~~c~ai sum eTt~n~;ted by mortgagee to b~ equal to 1 j~12 of the annual cost ot the follow-
i ng _ - - .
A--AlI rea~ property ta}es :evied or asses=ed au~i•'<_' !Fe .Eov~ d~sr~ibcd real esta!e. . - . ~
S-Prc:i;;u~~s on f;re ar.d w;r:~storm :nsur~;.ce as he:e~n requ:rcd to be C3~IiECI cn the 9m~rovemeats sitvate on the a4~ve d~scrihed premises.
C-Preni~ms en srch mo:t3;c~e guaranty inwraac~ as morigagEe shj11 (ror t~me to time deem iit to c5rry on the ban secured here6y.
' Alortgagee s!~a11 frcn~ t~~re to i:me r.atif~ !r.~~ttga~er in v~rit~n~ of the a~:-o:,nt uue and payab!e hereunder and s~ch sum shatl thereupon be due and
payable on the due aate ef thz next ::ont~l; gay;r.ent afd each success~ve month the:eaft_r urli{ mertgagee shatl nolify mortgagar of a change in such
- amovnt. Such sums shai! be appli~d by m~rtq~9:.~ ;o~va:d the payment of real 'p:operty tzxes, insurartce pren:;urris, and mortgage guaranty insurance -
p;emiums.. - . "
~ ~
IN Y~ITNEaS :+'HEREC~F, tne sa~d ML~RTGr.GUR has hereunto set his ha:~J and sea! the day and year first aforesa" _ '
Signed, Sealed ond delivered in the presence oi: _ ~ '
_ " ' ' _ ' T~LL~ t'i l" r.`.1ry~LC~ ' ~ ` ~-+IL'^"'~."'~"'! V, ~ c
s ~ " .:N3; fl~. (Sea1)
. ~~';:.-.~,~..a~+~?5 ~1; Je se RQv~ls cs~aq
~ ~ ~j
_ C~.r . r~ fQ~.,1i .F}i V~~iR= ~iLclC= G~i r ~ v~(/.f (SfL~~ .
s~rrs;;.~ •,r ~ Bthel L., Revels ~~aq
STATE OF fLORIDA YV( ~ ~7 - - - - ~ .
St. Lu~ie ~~~~i~ ~i~~ r
COUfJTY OF _ _ !
B~fore me rsona!;~ .lesse L• Revels `
pe / ~4;.~arec' - and i
__Ethel L~ R~vels h~: v+ife, ro me v:eil-kno~,~n and known to me to ba f
the individua~s described in ar:d who execoted the foregoing ir.,;rument, and a~knowledged before me that they ezeNted the same fcr the pu¦poses ~
therein ezprezs?d. And th~ said - ~t~1B1 I.. Revels ~
~ wife of the ~a~a Jesse T..
Reve~s ~~R a separate and private ~
eaam~nat~on by me t>ken sepaiate and apar? from I:er said husbsnd, acknav:ted9ed,to and before me that she executed ~aid instrument freely and volun- ~
tari~y an3 vr~hout eny cornpaision, constraint, apprehenrsiJon, or fear oF a: from her said husba~d. #
V~ITNESS my hand and offiuat seal this_-Q~/L.~~-- day of - E1. D. 19_75
.
_ , -
> ~ ~ Nofary Pubtic in and for ihe ate oi orida at Large
_ ' 6ty Commission expires:
Retum ia q ~
iirsf Federal Savi~gs 2L Loan As:oc~a?ion •~~„r
_ Of Fo:t P:e~ce. . ~
1
fort ~e::e. Flc~~da .,~i'.~~:,rr~,;~` _
- - ~i r,' ~ t. s •i , .
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. - 'r. •~t.~.. f-• _
{ , . ~ ~ - ' ~ ~a ~ s . ^ ~';l- ~ -
i - , + . f ~ ry , t. .
: ~ This Instrurr~ent Prepared By RobeYt A. Swi~her Jr. : ~ ~ ~
' Firs; Federal Savir,gs & loan Association ~ - _z . ~ ~ - •
of Fort Pierce - I ; ~ ' ' r:J -
F1or ida 33450 ~ i:` ` f
~ " ~ ~ R Z3g ~A~~ ~ 5a8 - _ .:s - r r~ ~ ~°~C,. • _ -
Checked ey ~ _ $GOl( _ ..f:~J~,' . - -
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' _ .~tr,,,~l~i~~~~``
~ ' . ~ .
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