HomeMy WebLinkAbout1951 To p~:+te ar.d continuo~s;y kren on 1hE: F:vi:~iii;ys r,ox or hE:e3Etcr sil~alc on s~id lan:{ and .~n a!{ eqviE~m:cr~t ar.d pc~son.j!ly coverrd by ihis mprig.
ege. ~v~th r.ll pr~mivn~t thcrcon ~*a d~n (~li, i~r~~ ins~r.a+i~c ~n th; usu~l ltai,;la~:i ~~„~'.~cy (or~~i, in a wm aE,f>~c~+cii Lr ~hc h',UR+i,.iGEC, a:ui windstor~n
inswance in the us.~.il sra ulaid p:o!:cy form, ~n a eurn .~F., rovrd by tf~a MOt~TG,\G[E, in such compar.y or con,pan:es as the h10~IeiAGEE niay ,
' direct; a:~d a!I iirc a:,d w~n;lstonn ins:~ia~~a, ~,o;ic[rs on a•iy of :-.Tc1 lui'cl,n~~s. any ~~u_~rrs1 ~hereln or ~,a~1 thrrc•of, in tf~a a99r~':~~re sum aloresaid or
' in axtces thrrco(, shall :ontiin ihe uwa! stand:~~ct mo~tg,!g~~a ci~us~ or suct~ mhrr cLi~~sc• es Ihz /Acrty.~;~~•e ~i+ay ~equ.re. n~.,ling ~i.e ioss u~~drr s.+~d poli-
ties, cach an~ rvcry. payab'e to said ;,1JRTv:~GEE ~is i:ez~r~~st nwy ap~~car, .:~~J ea;h .+;~d C14!'~I sv:h E:a';c,~ sLaii br ~ron,ptiy assg~.~d ar~d dalivered to
any held 6y se~d l.!O~fG.4GEE ~s (urthar secu~ir~ to said n:orty~ga ~lrbt, and; not ;etis ~}wn re~i (!Q~ d~ys in ad~ance of ~h~~ rxpuaf~on of eaih ~~oGcy, ro d~
live~ to sa~d '.IURIGACfE a renawal th~ri•of, Iege~her ~~ith a~c~cr~~:t tur tha premiurn of such raner:a!; and tiiere shall k:a no f~re or :.i~~elstc~~n insutante ~
placecl on any of saul t~il~lings, any iiuerest therc~n o~ parl therroi, un!e» i~~ ~h_ t.r~•~ a~~d ~ti~th the Iuss payab!e as ~fcresaid; and in ~I~e e••~nt any svm
of n~oney becanes ~ayab~e undar such policy Or palici~s s~~d G~OR:GAGEE shall }iavc ~he o~~t~on to tetoivv ~i:d ap{~!y ~he s~me on a:count of the incet»eJ-
ness secured hereby or ro perm.t said lAOR1GAGORS to receivp and use il ar a~iy `•;r~ ti;.::e~1 to- o:i,.v E~~r;~os~•s. :.;~i,ous •r~i,i ....,.~:i:~ ~•r ,~n, . ,
ing any equ~ly, Grn or right una~r or by virlue o( this ma~!gag~; and in Ihe ev~ nl sald ~.102TGAGORS shaH Ier, any reesun fail to l:eep the sa~d premis_s se ,
i~surcd, or fail lo deiiver promplly any of sa+J pol~cies of in5u~3nCC to sa:d f.10RIGAVtc, fa~l pron.pily to pay ful;y any pre,,;ium th~relor or in a~~y"
~
~espctl iai! to perform, d:scfi~rge, czec~te, effeu, Comp!ete, to:nply ~vith aiid abicle hy fh~s cove~»~~1, or ~ny p.irt herto(, s:+~d A50RT:iAGEE may p~ac~ a~~0
, pay fot such iniuranc~ or eny part thereof ~vithout ~n~aiving or atfaUi~ic~ any opt~on, li~n, equity, or ri~,l:t under or by virtu, of th~s htcr~gagc, and the
(ull a~r.ov.~t o( each and e1ery such Eaaymenl sh~ll La im~ned~ately du_~ and p+Y.,i,!a and sha{i bcar i•ueres~ irom ~h~ d~t~ tt~ereof u~:til paid at ~hc; rata ot ~1
• nine ~~~'r tcni~.i~.n }'~t~r innv~~~ ~c~t:l tc~:)"tt~~r v.itii !:~:n i~~t~~i•st SVi ~li S_`c~tecl L~y~ l~i~ ~;en of thi3 niotlc).~c]C. - f
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d, fa permi~, tommit or iuHer iw ~raste, in:~~airn;ent cr d8t2HOfJ1~J:1 of sa~d proF~eity ot any parl thereof. ~
5. To psy all and s~ngular the costs, charges and expenses, intiluci~ng s reasonahle attomey's fee and costs of abs~ratts of tifh~, ircurred or paid at ~
any ti~~'.o by s~~d ~1~~ORIGAG~F, betausa e: i~~ thp cvent of th+r ia~lurc en ti~~_ par~ af I:.z said R10RTG~IGOR :o duly, promptly and f~lly per(orm, discturge. _
exe:utc, r(feu, cemplete, tompty w~th and ab:de by each and ev~~ry the st~pu!ahons, agrven,ents, conclitions, and covenants oi said p~omissory nete and this y
morrgagc any or eirher, and saiii cests, <ha~ges dnd cxpcns_s, each and evory, sha:l be imir:edialely d~e and pay•~Ule; whether or ~ot there be nonce da-
mand, atta~~:pt to ~?Ilect or suit per.d:ng; and th: f~l! amount of r+ch ~nd c~re~y suth payn~em sholl bear iNCrest trom Ihe date thereol until paid at the j
r.,te QE ii~ne t~c~ ctn~vm E:er annu:n; ~n:i .+ii sa~J cosn, ciia;~cs ~nd ~~;:enscs ir.t~~rrd o~ p~id, toye:her ~v~lh s~ch intorest, shafl bo setu~ed by the lien o1 this -
mostgjge.
b. Ths~ (a) in the cv~nt of ~~iy b:each nf tlus 7~1ur~gage or d•~fa~:1 on th_ part ef Ihe h'.OP,TG~IGOR, er (b) in liic cvent any oF sa'd sums of ntoney
herein ref~rrrd to 6e r,ot prr.,:~psly and f~l!y paid within th~rty !3J} d~ys r.~.it a+t•:r ti~e same 5^YCrd:t~r heconta due and ~iayable, wittwut demand or notice,
or (t) in th~ evenl cad~ and avery the stipu:ations, a,~rce~}yents, cond~:ioiu a~id Covenants o! sa d rromissury nOle and th~s mortg3ge any or either are no1
~uly, pro~nptly a.nd iui;y ~~erfe•meJ, d sch~rged, et~~;utad, rffecttd, co~~ip'etcd,~ co~np!~ed .•:~+.h ar~d abid_d then in eithcr or an~ suth event the sdid ag• _
greg3te sum meMionecl in soid p:omissory note then n:naining ur.paid, with intere>t accr;,ed, and a~l moneys secured hereby, st~all brcome d:,e and pay
ab'e forth;r•ith, er ?hereaftcr, at Iha op!~on cf s~~J A!02iGAGEE, as fuily and Cornp?2tcly as i( at: o( th_• said sums of money were or~ginztly sYpuiated
' ro be p,~.d on such day, drlytF~in7 ;n sa.d pro:n;ssory note cr in ~hls hlertyag~ to ihe m~~irry nor::lrhsranding; and thereupon or thereafte:r at the opron of
said !.'.QRTG~GEE, x~rhoui not;:a o+ de~ra~ld, s:•it la~v cr in eyuity, therefore or ~here3i~er begu~~, i7,ay be prosecuted as ii atl moneys secured hereby
' had mat~ted pnat lo ~ts institvtlon.
i 7. That in tf,e event that at th~ Legin~:'ng of or at any t~n:e pendir.y any su;r u;.on tl:~s hlorf~~a~e, or to forec?ose it, or to reform it, or to enforce
payment of any d~ia~; hereur.d=r, se~d t:.ORTGr+G:_E shall ~pply to 1he Court harir.g j~r~;d~tiun tl~e:eof io: th~: appointn;ent of a Receiver, Such Courf shall
forth,•;ith a;:poi~~t a rec~~~er cf ~a;d n:o•t_~aged F,rc;:~rt~ aii and c n~u'ar, ir.~t~~3 r,y ~;1 and s~n~~u~~r thc incen~e, p~o1~!s, iswes ar.d revenues from ~~•h3tever
seurca der~=ed, ezci~ an:! every of wl~:~h, it be~ny e~p:cssiy u~id~;rstuod, is herei~~ m-vrtq.+g_d as if spec~fital:y sei foith and describad in !h: granting and
haba~tdvm c:avses 1:ereof, and such Rcce~w=* sha;l alt ~1~~ brcad and eftecr~ve Fur.e o:u a~tid po•:.ess in any~~•ise emrusted by a Ceurt to a Rec~iver, anc~
such arp~intmcnt sh~t~ i:~~ rnade i~y s~:ch Court as an aJ~iitted equ~ty and 3 n~d1!Cf of ai;sn!~te r:ght to sa~d ~.10RTGAGEE, and ~tiithout rrferente to the
adeavc:ty o~ inadeG:~ar~ 04 tf~e v.iiv~ oi th•~ (?rC}~-~if ~!~C~Iq3:~GCI or to ti~e ao:ve::cy ci ~n,u!:en;y e1 sa:d 140RiGAGOR or the delendants, and that such
re~~ts, proti:a, incofre, issv=s a~:d revences sh~ti be appi:ed by such Scc~iver aaa:d:ig tu tne lien or equiry of said 1~50RIGAGEE a~id the pract+ce of such i
Court. .
. _ ~
8. To ~u:y, Fren•,:srr ancl f~!~y F~er~ot~n, d~sc~arge, execvie, efftcr, co~rp~etr, co~:iply vrith and ab~de by each and e~ery the stipulati~ns, agreements, :
ee+ndit:o:is.an3 cu+ena~i!s ;n s~~d i,:em;ssor~ no!~ ~~:d ~h~s mcr~ga9e sct fortl~. _ _ i
• 9. 7nat ~n the eve^i th•~ o.•.c~•:~:;i> eF the n:ortnag•,d prc ~:<s_s, or any ~•art t~:ereoi, hecomes ves~ed in a person other than the ti10RTGAGOR, the _
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h',ORTG%,GEE, its S,•_Cr550f5 ~~:(i assi ;~s, m3y, v:ithcuf rot:cc tv +i:~ :10~TG:•.0:, dec~ viith such wccessor or successor i~i interesl ~vrth reference to th~s
mortgage and tii~ c3,~t her~.by sccur_d i+; the s,.~~e m3nner as .t~th 1.1~•t
taqor r;;t1s_ut in ar;y way vit:ating or discharging the t.lortyagors' liability her~
under cr ur;,n t't:e d_bt h~:.,i~, s~cv~,ci. ho se'e e4 ~re~r.:sas hcr~b; r.;o~rc~~ged aed no forbearance en the part oi the G1pRTGAGEt or its successors
or zss~~+~, and n~,, =arc„s~o ~ cs :h~ t~ ier ~i:e payn~.e:~~~c~i tf e debt h~,r~•t~r s~cvred g~vcn by fhe t1,ORTGAGEE cr its svccessors or ass:gns, ahail operate
to relaase, d.siharge, modify thang•: or affect th~ e~;_i:nai ;eaE~~i.ty of th-~ 1.:OFTGAGOR her~in, eilher in ~•:hole or in part.
1Q. It is scec~f~.siSy agrce:i tha~ ti~n~ is of. tt~_ rssa ;c= of iF:is cont~act ar:d Ihat, no waiver o( any obtigation heteunder or of the ob!igafion se- ,
cured hareby sha:k at ~n~ tin;~ tl~zrcafier h_'ci to L•~ a.•:ai~er of the !e:ms hereoi or cf the instrumero secured herby.
_ 1 i. in o-id r.r.~ r., ~h., fc~er;
.-m, n.on'i~iy ua~;:._rets o: al and ir.._;cs+ requi ,J by the N!G171~SiC/j/ n:-~ ___..~ed h_rebr, mOr?939~r eovenanis
and a3:a-_s so pay !o „-:o~'p,_•=c v.;t°i <ac~ ,~.:h'''i pa, ~e;:• anr~_,..;~e^i4 su~r. e:. _~tec! t;y rr.ortgagee to be equal to 1/12 of f~e an:iual tost of th~ foliOw'
in.3= "
.\-~+~i rcaf ~ roNC. , t~x_~ c ass~ _...:i ~i ;t 1'r~_ ci ~SCri~_'1 rt~l cs:.~t.~. .
6 Gr=:~~_ c:, ...,..is*c irs___ _ a~ i,c'c~n r~:~.,.._:~ ta 1;, ca ,._-d c~i :i:._ im;•ov=,:icot5 si!uat~ on f}~~ above d;str~bed pre~nisei.
. ~
~ C--Vr_.;,:iv;: s o~ v_;'~ „ orr ;e r;u=•3,-.• r:~ura~ c~ ~s ~r:-~•r. frc i~re !o e~~n~. deem f~t to earr on the loan secvred hereb . -
- - - - ' ~ ~ ~ - ti Y
t,:~.~g;g_t i:n._ ie r;.n~ „cs~r; r~:ort:;ag,:r :n ~vr.;~ny cf t^~ ;~-.o.~at d:,e a~d p3yable hereunder and such su:,~ 5}13~1 the:eu~n be due and
E;ayai>:e en t!:_ c~~ da~~, ci ri,~ r.rxt ~;.o r.~y~._~~~ _.::d e-c!~ suce_<.s:ve T~a•.th t~,erc~>fr:r u~:ti~ mcr~gagee sha!I nof~fy mortga~or of a change in wch
a~r,~,nt. Suc'~ sun~s s! 3'! a~}~'~~d i, ;i:c.rtg:,•_ te::a•:3 ?i:e ca;:ner,; af rca'. pr~.ert~ tazes. insura~:ce pren;;urns, a„d mortyage gua.anfy insvrance
_ pre~r.i~n.s. -
= 1'd \':lT~~[55 ::H`REO~, ti,~ s::•~ t:~0~`TGi.:~^3 nas h_reu :to se! his h~cd ar,d s•~~t tfie day and year fint aforesaid_ '
S:gred, Sea!ed a~d det::e~~-~ in ihe presence of: , µ-.~L,•:,~il~Q
fILE~ / t
- - l - - ST.II;:lL ::DJ'iTY FLA. ~ ~ aq
P.CGi ~~~n~$ ~
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~ ~ GL`;•`- ~•ili C
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-
~ (Seal) .
~ATE OF FLORIDA _ ~i I d ~ SH ~,1 '
~ St . t UC12 ~ SS.
COU'JTY OF I - iJ~~l3a7~
Sc•fc~e m~, F~.,~ :~:a::~ ~.=Yn;..e~ --~iargery A' Kinyery, a~ single adult
- :o me •.cell kncv;n and kno:rn to me te be
~ ihe i;:d~~i~~a: d~:su~t;_j in z~-.3 :vho ex~c~t_d tF._ foregoing insLv:rent, and ackno.vtedged befo:e me that She executed the same for the purposes
- therein exp:ess•_d. ~i~t~~'ts.~`e~XXX`!XXXXXXXXXXXXXXXXXXXX~X}IX:~XXX?iXXXXXXXXX}CXXXXXXXXXXXXX?CXXX _ -
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~YIT'~cS$ my han,l ar.d otfiual seai th:s----- dsy of__ rtaY A. D. 1975
. ' ~L-l~ •t/~ ~
~ Notary PubGc in and r the S e of Florida at La:pe ;
h1y Commission ext res: _
_ Retum To: - -
~irst Fe:ierat Sarr.os 8 lo~n Assx"s~tion N^7;tiq'{ (`P`:'lC,S*f?E i:i F! '1_~+2t lE',pGE
~ ~ . n
_ cf ~.~:r P:e,<e_ J.. - • t
;.'i t.- i.::'~::"i 1;,'1_ 1j17
- Fori PSerce, fi;:r~d3 Euti~o.i i:/ r: e:.t~_~ti c,,.:%~i5 (GiU~3(1tE Gi3 =
_ - _ _ _ . _ ; ~
This lnstrument Prepared By RiCh2rd K. Kayes - - - - ° - ` ~ ~
First Federa) Savir.~s & Loan Association . . _ 'j Y:~ •
_ of Fort Pie~ce , Florid~~ - - '
n r~ _ : : ~
° R ~3~ ~ - - ~ : -
= Checked By - -BCOK PA~f J~ / ~ ~ ~ . ~ ' • -
_ - ~ ~ . - ~ yj•f~.•,_ ~
_ _ - ~ ~ L .i`~ . .
s . _ 1
' ^ ' _ . ` _