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HomeMy WebLinkAbout0741 ~ 3. Io pl~ce ~nd tonlinuoi,sly ?.cep on th~ 6ui J~n,ps r.o:~ ot hcre.+ilar ?~t~~a!~ cn t~it1 land ~nd on aU cq,il~~.menl ar.d pcr7on~liy coverc~l by thi~ morlg. aga. wlth all prem~ums tt~c~~.•nn d in (vII, !~tr i;~t u,n:c ~n ih~ ~~tv.,l stai~;l.~ril ~:o!i:y lo~in, in e 3~~•n a~ ~~ro~cd by tl.c ~,ldRiGAG~t. and .wir~lstonn ir.iurance in the ~s~~l e:a~id.ird E:ol:c~+ icn~i, i~~ a e~n~ ef;pve.eJ by the h50RTG:~vEf, in s~ch tomj,,,ny ur to:n~.anies es the idO+tIGAGE[ may d~rea; and a;l firo and ~vinJstor~n ins~~ence po'.ici~•o on any of s~~d l.u~'<i n~~s, a~iy inte~est thc~r~:i or pa~t thereot, in the a~gi~rgetc s~~n atores:+id or in extcis Iher~of, s~~s11 conlain iha uiu;l st;~;d:.rd morrga~aer ci~use ur su<h othC~ t~aus•> as Ihr A!.:rtaa~e~ r.~ay rcqu:re, msAirg Il~e lois undcr s~~J poti• i ties, rach and every, nayao!c io saiJ ~1!J~:IGAGEE as its int.v~i1 n,jy app~vr, .,nd cach .,nd rve~y s~:h ~~a'ic/ sh.jll he {•.ron•,piiy +ss g,~ed ar.d delivercd to ~ . any helJ by saici h1pRIC,AGEE a~, turth;r sewrity to seie) n.ori~aga deb~„a~~d, nct less ti~an ren (10) da~s i:+ ad~ance of ~h~ ex~~irotion of cach ~wl~cy, lo de• ~ liver to seid h10RIGr1G~E .i rriiev:sl thtveof, tcn~sfhe~ with a r~c<•~pt iot ~hc pren~~u~n •~f u~ch rene.~al; ;nd Ihcre shaN ba no i~re ci y~nndsic~u~ i~:wrante - placed or, any of eaid builJ~nys, any intrrest there~r or pari ~hereof, un'es~ ~n ~i~e (crn~ a~~d tivith ~he iess p.+y~b!e as a!cresaid; an~l u~ ~ha event any sum qf money becon,es psyab!e ~nd~r such po!icy or poGcies ::s~d ~.10RiGAGEE shail hi~e ihc op~;on to rrca~vo and ap~,ty the sanw on acco~nt o( the irJebted• f2iS secured heret~y o; t:~ ~itrn~i~ Saicl MORTGAGOR$ to :cteiv~ rnd u3d it or z~~/ ~~,rl tl'.er~of for 0;~,•:r F.ur~~GSc•S. ~•.~tt~~~t th.~ii~~; ~.v`ivi:~~ 4r ~~~ip.;~r. - 3 Inc~ any equity, lien or rlght u~~da~ or by virl~e of this mc::gag.r; and in the c~ent sa d ti1U1TGA~URS shall !or ~ny rcason fail to ~.eep ihe ~aiJ premises so insurrd, ot fa~l to dcli~er proinpNy any of said pol~tiei o( insurance to a3'd htOR1C:AGEE, or fa~! pron~pdy to pay tuliy a+ty prz~ni~:n Iher~(et or in dny ! respect fail to p~rform, d.sch~+rge, execut~, effect, comp;etc, co:i~pP~ ~•ith a~id abida by tf~i~ cuvenant, or in~ p.~:t h:reof, s.~id 1~1uFTGACEE +:~ay place a~~d j pay fot such insuranta ur any part thereof witheut waiving or ~Ifitting any oi?t~on, lien, equily, or r~~ht ur.der or b~ virfur of th~s ~titi~rtaage, and IhE ; full amo~ns n( each anci every wch pay~nen~ sireil be icrmediateiy d~~e ar:d p.iyaL!e a,~o sha11 hear irterrst tro~n ~f~~ data ~i~e:coi un~~l paid at Ihc rjto 01 ni~;~ p~•r centum Fee annu~n a~~d r„~,!h:•r :.~th s~:h ~nr~r:•st =_I~.~i~ t>> s~~.~tc,l 6y ihc I~en o( ~h~s mertgagc. d.. :o permit, eommit or svtier no wasle, impoi~n~~nt or deferlorat~on of sa~d prc~:.erty or any perl the~eof. - ^ 5. To pay al1 and singular the costs, charges and expenses: ~nc~u8mq a reaso~~jb!e attorney's fee and costs oi abstrac!s of title, incuired or paid at s any Ii~r,e by said MORfGAG~E, becausu or in the evcn! of th= f~i,are on ti~e p,~r1 of thz s:.id ~.1pRTGAGOR to duiy, prc•eeptly and fully pe~(o:m, d~scharge. ~ exec~tr, ef~ea, complete, conply ~v~th and ab:de by- ea<h a~~d every tho s~ipulai,ons, ayrec•n~ents, cond~tions, a~:d cover~a:us uf said pro~~:issory r.ote and this ~ - mortgage any or eithrr, a~d sa:d ces~s, charges und expen:es, eacl~ and ev~ry, s1,a;~ Le in~med~~trly d~c and pagabfe; ~~helhe. or t~~! there 6e notice d~ man~l, attempt to cullect or suit pend~nri; a+id ~he ful! anovnt of eacli and every s:;ch payn.,:.: shatl brar ~~teresl from the dat~ ::._._oi until ~jid at Ihe ~ rite oi ~ine per .an;wn ~.er on~:~~n; .,nd a~i s~~J cosrs. ci~ar~rs anci exr.~•nscs inturred er pcid, ~ogeth~r .~~th such interest, shatl be secured by the lien oi this ~ " mo: tgage. ? b. That (a1 in thc event cf any breath, of th~s 1',1ort~age or default on th; pirt ef tFe nRTGAGOR, or (bl in the event any of sa:d sums of r.+oney herein referrr.~ to bc not pron~~tly ar.d iul(y paid w~~?~in tti'rfy ~30) d~ys nex~ airer ~h.~ same se+craiiy Letooie due and payab!e, wilhoul demar~d or notice, ; or (c) in th~ event cach and every ti:e st~pu!aricns, agreemenrs cor.d~ho:,s and cc~venants uf sa d promisiory note and ~h~s mortgaae any o~ e~the~ are rot : ~uly, pro~nptly anc! fu!l~. perio_n;ad, d.a:hargcd, exec~~rd, efietr~d, to,npleteJ, co:n~~t:cJ v:~:h and ah~;fed `~y, then in e~ther or any su:h event the sa~d ag- gregate sum n;entioned in sa~c~ promisswy note than tc'm3i~li~~C~ urpa~d, with intrrest a;u~~ad, and ~il moncys setured heceby, shall betome due ~nd pay ' ab!e (orthwitF., er therea(tcr, at the, epr~;:~i of s:,~d :!ORTG..GEE, as tuily an:i c-~~np!r;e;y as i+ ali of Ihe ssid sums of money wore o+~g~na;ly stipulated ' to be pa;d on such d::y, anllhin3 in s:~ J ~:rc•n„sory r.o:e er in this ~\lertgaye lo the connary notvii~hsranding; and thereupon or thereafter at the optCon of said 1.10RTGAGEE, wirho~~t nor.tu er ~c,nand, s;;it ~t fa~x or in equ~ty, thereicrc• o: :t:erca(ter begun, rnay be prosetuted as if al! moneys sec~red hereby had inatured prior to +ts ir,stitv:~o~i. • - ~ 7. That in thz ~r-cnt tF~at at t't:e beginning .~f or at any tirne penainy any s~~t uF•cn tf,is f~!ortg3ge, o: to foredose i1, or !o te(orm it, or to enforce ? pay:ncnt of any cla~;,:s t.ereur~drr, safc! '.1GRTGr,GEc sha!I ~;;p!•; ~a !he COJtt Il.]v:i:J.(~:i~(1 Ct:On ~hcr~of ior ~he appo~mment o( a Recriver, such Court shatl forth~v~rh ap~oi~u o recei.er ~f sa:d n~ertgagrd pro;~ert~ a:l a~:3 si~:gu~a~, inCoJ ~,g a~! ~,:d s,n~ular ~}:e ir.come, p~ofits, issues ar.d revenues from ~~•hatever ~ s, u~ce d~rived, eacti ~-,d fYE`f~l of ~vh;ch, Lr~r.y ~xF~;ess!y vndc~;szocJ, is ~.rr:b~ n..;:>y,;geJ as if spec+fica~ly ssl forth and destribed in the granting and t h36e:idum c!auscs hereot, and svch Receive. shali hav~ a~t ih~~ broad a~:d .::i_.rlv~~ iur:c.c•~~a and po.•:e~s in any.vise en?rusted by a Cou•1 to a' Receiver, and ~ , such appoint,nent sh~il be made by svch Ce~rt as an d({'~211I[~ equity and a c~a!~zr oi ztzsc.uta right to said A1pRTGAGEE, and withcut re(ere~ce to ih~ ~ adeq~sty or inadequacy of the valuc ot t}~e prcperly n;orlgayed or to ri~.; s•~.•.•:n•:r cr ;~,;~'rency of said IrORIGAGOR or the defendants, 2~1(J ~1}i31 such ~ rems, prefiis, icuo:r,~•, isw~~s a+~d revenues shal; be a;:pfitd 'oy such Receiver ,.~c:o:d.,~~ ~o the lien or equ~ty of said h10RiGAGEE and the practire of such ~ ~ Court. ~ . - . S 8. Ta ~~vty, prc~r;,~;y r~zd fully perfo:m, d;s:h3rge, execvre, effec~, co:np'at~~, co::~~.ly ~•~th and ab~de by ea~h and every the stiputations, a3reemems, _ eond:t~ans ;n~! co:ena:us :n sa~d crorn~ssory note and th:s ~r~rrgage se~ lcrth. 9. iF~r f~~ thc e:=.nt ~hc- o:•:nersh:,r• ef tf~e mortgaaed pre:,::s~s. o~ any part thereof, cecomes vested in a pe~son other than the h10RTGAGOR, the h':ORTG.~i;tc, ;is su;ccs~ors ai:ri_.~s<_ ans, e;.~y, v::tn~u~ nof~c~ to tne :1pRTGi:QR, deal ~tii:h such svttesso: or s~~uessor in interest ~vith reference ~o this mortq,~e or.i the dc;;t {:~:e1~y s:cvred ir, !};e sa^,.z riar.r.er as w~ih C.',orr~agor v~ith~u~ ;n ar.y :vay vitia:ing or d:schaiginc~ the 111ortgagors' liabilily here- ' ur.Jer or upon tf,•~ d~~bt h_reby se_vrc.l s~:^ of tk:n rrr•,.is^s her~~b~ rno~tgsged ar:d no lcrhearance on the part of ~he 1,1pRTGAGEE or its successors ~ or ass~gr.s ~nd r:o exters:c^ of !he t~n:.. t~r ti:c }~aym.~ni o! ti~;: d,bt h~•r_t;p :s~curcci iven b t:ee ;,',pR'GAGE: o: 9 y its successors or ass'sgns, ,I~all operate - to re'e~se, d:s,harge, m.:c+~fy cf:an~r or af;ect the o:~g~~:ai liao l:r~ oi ~h~ A',GRIG:aGQk here~n, eit}:er in \VFIOI[ or in part. _ ~ 10. It is Spec:fica~iy ,?ar~_c1 thav ti:ne is uf ~f:~ e<_;e,::e oi tt;~s co~~tf~ct ae~d ti~ai no ~vaiver of any cbl~gat~on hereunder or of the obiigation s~ ~ ~ ~vre3 harehy sha't a~ any i+n:~ tf~e:e.~`.trr %~e he!d tu b~ a v:a~va: of thc +.jr~:~s hereof er ~f the ii~strumeM secvred herby. . "P ~ ' - i l. !n a:i:l i.o t~ (pf2(jG~~l!) r..;~ 1.~ ~ n s e.` c; sl ,;::d i:c •_st n.~u'ucd by !h> p~on-, ssory no~e seturzd hereby, n:ortgagor covenants and aJ:e::s t~ r.ay r~ c~i _,e •..~:h ~acF. ~ i~', c,..;;t a~ acid.~;c~a; svm ,•~d b~ merig„~ee ro 6e equat to 1 rl2 of the am~ual cost of the fol(ow- ing: _ ~ A-A!! r%al ~;rc;;e*ty taxc•s er ;ssccs:_,, •st il~_ ai:o~._ c?.~,cn~c;1 r_a1 cc'3?-- i S- ~;c~:;lw,s c~i f~rr arci ~:.~sro-r:: :ns.~•~~ c'ir_- :L~ rcc~v r=d 'o be car:~ed c~~ thn :m;.rovements s~tvate on thr abave d:scr~bed premises. ~ ' C'-PfE" :J'~~S o•i ivth rrctt? .gc -qu~ranl~ irtia [i m.. i. z Sha fr •e to tim , 7~,`-' e dce~i ft to carry on tF.e luan setured hereby. ~ l.t~rtgagee s~-~•i frc~~; r, r,_. t t.~e r.~:~t, n- r~j ~ n r~hng of th o•-~t d.;~~ ar,d pjyab!z Feerrundar and wch su~i sha;l ihereupon be d~e ar.d r.ayab!e e~ th: ci_~ r;te uf th•_ n_.~t ~r.~~t^:y ~~~ym~n• a~„t _~~r3 svt_>ssiee rno-~*h thereaf!er unti? mortgagce Sha!I notify ~norlgagor of a change in su:h - a;r.ou~t. S~._h su~r:e sh.3~1 be vp;~?;ed t~ rnorrg.j;__~- ro:•.a•d ti~e r.a~~r,ent of reaE ,.rcc~r;y taxes, inswance prem:ums, a~~d mcrtyage gvaranty insurance ~ ~tf::71iUR75.' " - ~ ~ _ ~ Ih ':1iT?:~55 'IrH~ncQF, the saic: 1.'.vkTGi~G:~R %:as Fereu ;to set iiis h~nd and zesl the day and year Hrst a° resaid. ! Signecf, Se~led aaci de•.ivered in th~ presence of: yflE{) ~ 1 u ~ ~ ~ fILE~~ f•:`~tY FLA. - ~r ~ ~ - - ~ - - ~__-7-_ ~ - S;.~CC~-- ~~:SAA U S aq _1~~,-~-~___ f~I~~~ R~:.~, R7 / ~ _ . I ~ ~ :,~I~f T ~ { eal) . ~i r-` i~ ^ cE~t~~v`'•iFil~~ ~(Seal) t i ~ ~ 4 3~ 1 - (Seal) = STATE OF FLORIDA ~ - - ~ St . Lucie ss. caur~tY aF ~ ~ Rabert D. Albritton a.~~~~~~~ ' B^fore rre p~rso-a!!y a~pe~~~c1 - - - ard _ Shi rley Ti. Albri t ton - - his wife, to me ~vell knov:n and Krovrn to me to be tht: incdv;dua's descr~L-•:d in ar:d v.i~o ~execut.:d the forego~ng in trum~nt, and ackr:o~•:te3ged before me that they executed tF.e same for the purposes th=_rein expressed. And the sa:d__ S}~ l r l e y Q. A l~ i ri t ton _ v:~r~ or ~?,~_s~~a ~ Robert D. Albritton . ` ~ ~ - upon a separate and private exam~nation by me take.~ s~parate and apart from he~ said husband, ackr.cti~ledged to and before me that sh~ execv:e~ said instrument freely and votun- tariiy and w:thout any coTpuision, fo^srra~nt, apprehens:on, p~fear of-or from he~ said husban ~ ~ . r i 4'/ITN~55 my h~nd and offic~al sea! this-----~~' _~~y of_ ~ A. D. 197~ ~ - : ~ - ~c ~-wic~ i - ~totary Public in a d For the tate of Ftorida at large ~ , ~ h5y C~mm~ssior. xpires: _ Rer~rn io: - - - . - - " first Fe~lera: Sevir~gs 8 loan Aszoci>_t;on - Uf sort F .~rc~. _ , ~ - : , ~ , . . . -r n f 41pA af LAP.GE ~ - Fort ?ferce, Ftc.:d~ _ 7. 1917 - ~ L~u..., c~ v....:.c~s Ii~i::tditCB CC~ - " ~ ~ - . ~ - - . . ~ _ . t:.1~.r:itt~"f_~,, ~ f This Instrument Prepared By Ri~hard K Kayes ~~e~~1 - ~ First Fecieral Savings 8~. Loan Assoaation ~ _ . ' / ~ of Fort Pierce - j: IOrida _ O R ~ - ' ' _ ' _ . ~ sooK~3~ encf '~t~ ~ _ : . _ _ : cnE~~ed ~y ~ - : - ` . ~ = - , - ~ a - ~ ' ~ = - . _ , . r,~ - - - _ ` ; j's t` V;,l _ - ' _ •J~~' a~l;;'i\lY~~~ ~ - ~ _ - ,~'T ~t(/fI{JI?Itti ~ t - . ~ I _E"~a-'_~."__~"_~"~:`-~.___..____