HomeMy WebLinkAbout0745 To plete ertd conlinvovsly leep on Iho bui!dings now or htreefl~r r~~~a1o on said Inr,~ en:~ :n ell cry~~p,nent and personally coverrd by this morlg•
ege, ~vith atl premiumi Ihereo~ paid in tcll, tira insuranca in ~F» uw+l s~anda~J poticy forn,; in ~ wrn epprovad by ~he h1~RIGAGEE, end .,in;ls•ctm
Inturanw (n the uiual •t~ndard F:olicy for~~, in s svm approved by the h10RT(iAGEE, in ~uch c^mpany or companies es iha htiORTt,AGEE may
direcl~ and aU fire and windstorm insuranca rolis;r.s on any o! taid 4r~itd:r.ge, any i~itere~t Ihrr~;~~ or pirl thereof, in Iha eqg~_~art +urn aforesaid or
in ezces• Ihereof, thatl contai~ Ih~ usval stendard mortgagae cTausa or wch other da~sa as Ihe htortgjger. may requ~re, meking ihe ~c~s unJtr s~~ci poli-
des, each and every, payablr to said A10RTGAGEE as its intcrest may appear, and eech ar.d e~ery ~~ch poGCy ;ha`.1 be prempUy ass 9r.cd and ~irtivered ro ~
any held by t~id AIORiGAGEE as (urther ~ewrity ta ieid mortQage debt, and, not lees Ihen tan O0) d~y• ir adven<e oi ihr ezpirat~on o( each polir~, to de-
liver fo seid MORTGAGtE a ranewal tnereo(, to9e~her w~th a recr~pt for the pramium u( ~vch rennwal; anci ~here •hell be no fire or wincis~orm in:urance • `
pleced o~ any of said buil«~ing~, any intereil therein or part thrr~of, uniess in the furm and wfth the los• peyrb!e a~ aforesaid; and i~~ the event a~y wm - >
of maney brcomti payable ~nder such policy or policies seid J,50R1GAGEf ~hsli have tha opt~on Io teca>va end appty the eame on accoun~ the indebtCd- ~
neis secured herrby or ~o perm+t ~aid MORTGAGORS to receiva an~1 ~se it or any part ihernpf tor other pu~poses, w;iho~r ihcreb~ .vaivi,i~ cr unpair• '
tng a~y equity, lien or right ~ndrr or b} vlrtua ot t'~is mortgaget snd in the event ta:d MORTGAGORS thell for any reason iril to keep the said ~,remises 30 ~ ~
tnsured, or iail to delivar promptiy eny of said pol;cies of insurante to faid MORTGAGEE, or fail Hromptly lo pay (u ;y any premiu~n therefor or i~ any j
vesped fatl to perform, discharge, exec~te, effect, compiete, comply with and abide by th~s covenanr, or ~ny part hzreof, said MQRTGAGEE may pl,,ca and , ~
pay for such inw~ance or any pari thereaf without wafvine~ or effeciing any option, lien, eQu;ty, or right under or b~r virtue of this Moitgage, erd the ~
full amount of each and eve:y euch payment ~hail be immediately due and pnyabte and that;-b:ar ir.terest from the date ihereoF ~n~ii paid at ~he rate oi s
. ~i~e prr cenium perannum and to~ethrr with tuch in;rresl sFnll be securrd by the IiEn oF this mortgage.
1. To pe~mit, commit or suf(er no wasta, imp+irn,ent or deterioretion of ieid property or any part thereof. ~
5. To pay all and ~fngvlar the cost~, charges and ezpenses, intluding a reasonab!e attorney's fea and costs of absiratts of tit'e, inc~rred or paid at
any time by said MORTGAGEE, txce~se w in the event of the faiture on ~ha part of Ihe sa:d htORTGAGOR io ~uly, pro:nplly and (ully per(orm, d~scharge,
exec~te, ef!ed, complete, comply wilh end eb~de by eech e~d every the stipvlalion~, agreements, corsditians, an~ covenrnts of iaid promissory nota and th~s
:~~ortga~e eny or either, and ieid .ost~, charges nnd expenses, eech end ev2ry, shall ba immediately dve and payable; whe~her or not Ihero be no+ice da :
man~, attempt Io c~llect or wit pecding; and the tull amount of each and every svch paymtnt ~hnll bea~ 'interast irom ~he ~iato Ihereof vntil peid al the ?
, ~ele of ~ine per centum par annu~n; and a!1 said costs, charges and expenses incurred or paid, together tiv~Ih svch interest, sh~tl be ~etured by ths I:en of t}:~s
mwfgage. • - - - I
- 6. Thnt (a) In the evenl af any breach of this Martgege or dafauh on the part of the 51lOkiiiAGOR, or (b) in the event any of ~atd sum~ ef money
herein referred Io be noi promptly end fu~ly Fa?d wi~hin Ihirty (3~) days _nexl afte+ the eame severalty become due an~ payable, withouf demand or notice, ~
or (c) in the ever.t eath end avery the stip~letians, sgreemenrs, cond~tions and covantnts of sa -3 promissary note and th~s martgage any or eithe~ are not =
~uly, promptty end fully performed, d~uharfled, ezecured, effecred, comptered, compl[ed w~th end abided ;y, then in either or any sucfi event ~he :ald a~
greyate svm mentioned In said promittory note then remaining unpaid, with interest accrued, and ~11 moneys secured t~eteby, shall become due and pay-
abfa forth~vith, or thereafter, at the ~ption of said A10RTGAGEE, as fully and completely as ii all of ?he said sums of money were ar:3i~a1ly stipulated ~
to be paid on w:h day, anything in sald promissory note or in this hlortga9e to Ihe contrary ~ol~~ithstanding; and thcreupon or thereafter a1 the o~iioa `
•aid h10RTGAGEE, w~thour norice or demand, •uit et law or in equity, there(ore or thereafter begun, may ba prosecuted es if ell moneys secured hereby ~
- hed matured prior to iu inititution. _ _
7. ,Tha1 in the event that at the begtnning of or at any timo pc~ding any suit upc.n this hle~iga9e, cr to foreclose it, or to reform it, or to enforce ~
payment of any claims hetrunder, said A10RTGAGEE shnll apply to the Court having j~r;sd:ction thoreof (or the sppointment of e Receiver, such Court shall ~
forlhwith appoint a receiver of tAid mortgaged propzrty all and singular; includ,ng all and ~inqular the income, profits, itsues and revanuea from whatever
~ource derived, each and every of which, i1 4ring exprossly undr:stoo~, is hereby mortgagad at if •pec;fically set furth snd described in the grsnting and • ;
habenrlum cla~se• hereof, and s~ch Receive~ shall hjve all the broed ar,d effect~ve fur.ct:ons and po.vers in anyw~se entrusted by a Co~r1 Ic a Recelver, and
•uch appointme~t sfiall be made by svch~ Court_ as nn admitted equity and a matter of abso:i~te r~gM to s~id MORTGAGEE, and without reference to tha
_ adequaty or inadeauacy of the vslve of the properry mortgaged or Io the to:vency or insolvency o! ~aid MORTGAGOR or the defendants, and that such
- re~tt, profilf, tncoma, issues and revenues ahall be applied by ~uch Recei~er accord~ng to tha lien or equity of said 1J10RTGAGEE end Ihe practice of such
Court. .
_ 8. To"duly, promptly and fully perform, discharga, execute, eiftct, compleie, camp!y w~th ar.d abide by each and evtry Ihe siipufationi, agreements, S
conditions and coven~nts in iaid promt~sory note and this moregage set forth. -
9. That in the evenl the ownership of the mortgeged premises, or any part thereof, 6ecomes vested Tn a person ather th~n tha MORiGAGOR, the ~
MORTGAGEE, itt euccesson and efsign~, may, withovf notice to the h~ORTGAOR, deal with such auttessar or successor in intere~t w~th referente to this ;
mortgage and the debt hereby tecured in the sama manner as with 1.lortgagor w~thout in any wny vit~ating or d~:charging the fJ4ortgagori liabiiity here- -
_ under or upon the drbt heroby sewred. No sale of the premises hereby mortgaged and r.o forbearance on the parl of Ihe /AORTGAGEE, or i+.s wccessors
_ or assiqns and no extension of the time for tfie payment of the debt hereby secured given by the 110RTGAGfE o: in svccessors or ase[gns, ahall operate
to release, d~scfiarge, modify change or affect fhs o~iginal liability of the ~,50RTGAGOR herein, either in who!e or tn part. - ~
10. It it spec7fically ag:eed that limr is of the essence of this tontract and that no viaiver of. any obl;gation herevnder or of the obligation se- '
tured hereby shall et any fime thereafte• t e he:d to be e wai~•er of the terms hereof o~ of the instrumeM tecured fierby. j
1L In add+rio~ to the forego:ng month~y payments of print'pnl and interest requ~red by the promissory note secu:ed h=reby, mortgagor covenants i
and agrees to Fay to mortgagee ~n~ith each monthly payment an add~~ional sum estimated by mactgaqee,to be equal to 1~12 of !he annu~l cosi of the follo•rr- _
ing: - .
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. A-Afl real property taxes levizd or as~essed agaisst the a~ove descriyed real es?ate. i
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B-Premiums on fire end windstorm infurance as haein tegu~rc~ to be carritd on the impraveme~!d situate on ihe above describ~d premises. t
C-Premivm} on such mortgege g~nranty in:uronce as mortgagee sha11 fra-n t~me to t~me deem fit to carry on the lonn sec~red hereby.
ASortgagee sha11 from time to time notify mortgagor in writing of the amo~nf due and pnyable hereundrr and such sum :hall thereupon b~ due and ~
payable on the due dare of the nezt month!y payment and eacn successive month th~reafter urtil mortgagee shall r.ot;fy mortgagor of a change in such ~
amovnt. Such s~mt~ fha31 be applied by mortgagee to,vard the peyment of reei property taxes, inturance prem;ums, and mortgage guasanty insurance ;
premiums.
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IN_WITNESS L4HEREOF, the said MORTGAG~P, has hereunto ~et his Fand and seai the day and ye r first aforesaid. ~
Signed, Se~led and delivered in the presence of: $
, . ~ FtlEO'-?~~~-;~:.?JED t ) ~ His ~ta~rk - _
f~ 'c' ~ ST. ~U~+- Y FIR. Ro seve t Johnson ~ -(~a+) F
_ - d . - - Rpt: ~.~_;~d5 ` t5raq - ;
• CLEF.r i.:~ 31Y ~CURTr~ (Seal) ,
: _ _ ,r~^(.-: V~=':f,c~ 1•- ~die O. Johnson ~ _ ~
(Seafj
, STAT£ OF fLORIDA - ~ ~ M~~ ~ 2 37 PW' 1 J _ _ ~
COUyTY f~F • LUC1E } ~ .i
Befors me perionally apprared ROOSE'VL-It TO~1I150f7 _ ~ ~ nnd
Sddlc? .IO}1ItSc~t7 ht~ wife, to me well known and knov+n to me to be
- the !ndivtduali detcribed in end wfio eaec~ted the ;~rago~ng instrument, and acknow,edged b~fore me thet they executed the same for th> pvrposei ~
thereTa expref~ed. And ihe ~s~d S~dle Johnson - ~
wife of ihe iaid - Reosevelt Johnson upon e separats and privets . ~
exem~nation by me taken separate and apart frcm her sa~~ husband, ecknowledged to and before me that •he execute said instrument freety and votun-
~arily and wlthout any comput~ton, conitraint, spFrehemion, or fear of or from her said hvsber.d. ~
WITNESS my hand and official seal thi~ dey of ~ q, p_ ~q 75 - €
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- - ' = - Notary Fublic in and for the 51 iof Flor° at lar~a _ ~
- /h mmi i ~ ' s-
_ y Co ts on expire~: _
Retum To: - ~ .
- ~~".~1 iJ_~j ~
_ first Federo) Savings ~ Loan As:ociation : #
. Of For1 Pier~e. . i
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Port Pierte. Florida - . . - . ~
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This tnstrument PreparPd ByJohn .v. Collins ~
. First Federal Savings 8 Loan Association - . ' #
of Fort Pierce , r lorida - ` - , ~
I- ~ - '-:s.-~5. - ~
Checked By ~ U p ~~tJ ~ _ . ~ Y ~
~UVK PAGF ' a.
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` - r~ t~,~::~~ !rr~ - _ ~
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