HomeMy WebLinkAbout0745 To plac~ ~nd conNnVOUdy kNp on tl+~ b~ildinqs now w h~reah~r sitwt~ on said I~~d ~nd ~ alt equlpmerA ~nd p~nonally eowr~d by thi~ n?ortQ~
p~, with dl prtmiumf tMr~on p~id in f~ll, fin intur~nte in tM utu~l ats~dard polity fwm, i~ • ~um approwd by the MORTGAGfE, ~e~d wind~to~m
M~w~nar ih tM ~awl ~t~ndard poliq fwm, in • ~um approved by the MORTGAGEE, in auch compa~y or compan7~s ss tM MORTGAGEE may
dkrCJ u+d all fin ~nd wie~rorn+ insuranta potkies on any ot ~sid buildinps. ~ny inta?s~t tiMrtin or p~rt tl+Kwf, in fM ayqreq~q wm ~fa~~aid tx
M uepu fMr~of, sMll contaln the ~rsval aN~dard mortgegs~ cl~~~e or such oth~r tlaus~ a~ the Mortyagee rn~y rpuir~, makl~y ths loa under ~id po1E
eiM, Nth and ~vtry, payabl~ k? s~id MORTGAGE~ af it~ interetl may spp~ar, ~nd sach and avery :uch policy thalt b~ promptly au'pned and d~liv~rad to
, any IMId by ~a~d MORTGAGEE a furthw a~curity to said mwtq~p~ debt, ~nd, not less lhan Nn (10) days in idvante of the expiration of eech policy, to dt
liv~? W Mid MCIRTGAGEE a nrKw~l tMr~of, tog~tFar with • rat~ipt far the pr~miwn of svch ronewal; snd thar~ +~h~ll b~ rw fi~e or wind~torm inwnnc~
pl~C~d oe~ ~ny of N:tl bvlldinys, any i~tere~t tMr~in or p~rt thereof, unleu in ths form e~J with th~ ?oss payable as •for~said; and in the event any tum
pf moe~y b~comta payabl~ undrr wch poliry w policiti said MORTGAGEE ~h~ll h~v~ tFw opt~on to receivs and apply the same on account of the indebted-
n~u ~uhd Mr~by ar ?c parmil said MORTGAGORS to r~teiv~ ~nd use it w any part thereof for othcr purposea, wilhout thereb~ waiving cr impa'rr-
Mq eny puity, li~n or riqht ur~r or by virtw of thu mortp~qer ~nd in tM iv~nt s~id MORTGAGt~R5 sfcaill for any roawn f~il to keep the said p~emita~ aa
intund. p fail to d~!iva promptly any of ssid po{itip of intursnce to said MORTGAGEf, w fail promptly to pay fully any premium the~sfor a in any
nsp~et fail vo pKfwn?, dixhWp~, ~xecute. ~ff~ct, compl~t~, tomply with a~d ebide by thi~ tov~n~nt, w a~y part heraof, iaid MORTGAGEE may pl+te and
paY fa such Gauranc~ w any parf tMrrof without waivinp or aff~Nirp any option, li~n, equiry. o~ riyht und~r w by virtue of this Mortqaq~, and the
full wn~aueit of sach +~rrd rwry suth paymenl shall k,~ imrn~diNely dw and psy~ble ar~d thall basr int~rest from th~r d~N thereof until paid +t tha rat~ ol
nlrw pK untum pa anrwm anci topether with such Interest tholl be ~ecured by tM lian nf thi~ mortysye.
To psm~it, Cummit or wfhr no wute, impairmsnt w deteriontion of s~id property or sny part theraof.
S. To pay all and sinqul~r thu twts, cMrpe~ end expanie~, incl~diny a reasonabla a»orney's fee and costs of abstract~ of title, incurcsd or pald
My time by said MORTGAG£E, betsuse or in the event of the failure o+~ the part oF the said M(3RTGAGOR ro d~ly, promptly •~d fvlly perfwm, diuher9~,
` ~xecvt~, eff~ct, complet~, tomply with and abide by ~~ch and every ths itipulat~ons, agreements, co~ciitiona, srtd cownent~ of said promiasory note and thi~
mwtp~po ~ny or ailFMt, and s~id rnsts, charye~ and axpen~es, eech and every, shell ba immediately due and payable; whether or not there be r~otica da
m~rd, ~ttempt to collect o? suit perxlinq; and the full amount of eech and e~ery svch payment ahall bea~ interest from tAe date thereof untii paid at the
nte of nlne p~r centum par ~nnum; and all said costs, charges and exprnse~ incurred or paid, together with ~uth intertat, thall ba secured by the lien of thi~
mort4p~-
6. TMt (a) in the evsnt of any bresch of ti:it Mortgaye or default on the pert of the MORTGAGOR, or (b) In the event sny of said sums of monay
herNn ref~rnd t~ be not promptly and fully paid within thirty (30) days next after the :ame severally become due snd payabte, without demand or notice,
or In tM ~v~nt eath •nd every th~ stipulations, ~greements, tonditions and covenants of ta~d promiswry note and thii mortg~ge any w either sre not
~ly, pramptly an~ fully performed, discharged, executed, effected, completed, tomplied with ~nd abided by, thsn i~ either a sny •uch avent the fsid ag
prp~t~ tum rrNntioned in said promisswy note then remaining unpaid, with inte~est accrued, end all moneya setur~d hs~aby, thall become due snd pay-
~bl~ forthwith, or thareaft~r, ai tM optian of said MORTGAGEE, is fully and completely aa if all of the aaid aunr of manay were o~~p~n~~ly sNpulsted
fo be paid on ~~th day, anythinp in said promissory note or in this Mortgage to the contrary notwith~tandinq; and ?hereupon or shereaftsr a1 the option of
taid MORTGAGEE, without notice or demand, tuif at law or in aquity, therefore or thareafter begun, may b~ prw~cut~d if all moneys fecured hereby
haii rrutur~d prior to its institution.
7. Thst in fhs svent that at tM beginning of or at any time pendinq any su~t upon thi~ Mortgaga, or ro fortcloss it, or to reform it, or to enforc~
pay?n~nt of any tleimt herQUnder, said MORTGAGEE shall arply to the Court having jurisdiction thereof for ths ~ppointment of a Receiver, fuch Court shall
forthvrith •ppoint r receiver of sai~ mortpaged property atl and singular, incl~d~ng all and singular rhe incoms, profits, is~uet and revenues from whatevsr
wurte deriv~d, eath end every o which, it being expressiy understood, ia hereby mortgaged et if specifically fet forlh and described in the ~rantiny and
!~abendum clauses hereof, and :uth Receivsr ahail heva sll fhe broad and effettive functions and powrn in anywisa entruited by a Court tQ a Receivcr, and
~uch sppointme~t shell bs mede by such Court as sn admitted equity and a matter of ebsolite Nght to said MORTGAGEE, ind without referente to ths
~d~quaty w inadequacy of the value of the property mortgaqed or to the solvency or insolvency of said MORTGAGOR or the defendanri, artd that auch
rants, profi», income, iasues and revenues thall be applied by such Receiver according to the lien or squity of seid MORTGAGEE and the practice of such
COUrt.
8. To duly, promptly snd fu~ly p~rform, dischargee, execute, effec?, complEte, comply with and a6ide by e~ch end every the stipulationa, agrtementt,
conditions and covensnts in said promltsory note and this mortgage set forth.
9. That in thtr evant tiro ownrrship of the mortgaged premises, o~ any part thereof, become~ vested in e person other than the MORTGAGOR, the
MOR7GAGEE, Iri tucteuort snd sasigns, may, without notice to the MORTGAOR, deal with such successor or wccessor in interett with re4ert~ce to thi~
mortg~yt end the debt hereby secured in the same manner as with Mortgagor without in eny wey vitiatinq or discharfl~ng the Mort~aqori' liebility her~-
under or uQon the debt hereby sec~red. No sale of the premises hereby mortgaged end no forbeerence on 1he part of the MORTGAGEE or its suctesson
or sssigni and no extension of the time for tha payment of the debt hereby sec~red given by the MORTGAGEE or its •uccessor~ or sssigns, ihall operate
to nleaso, discharpe, modify change nr affect the original liability of the MORTGAGOlt herei~, either in whole or in part.
10. It i~ specifically agreed that time is of the essence of this contract and that no waiver of any obligation hereunder or of the obliqetion sa
cursd hareby shsll at any time thereefter be held to be a waiver of the terms hereof or of the insfrument secured herby.
11. In addition to the foregoing monthly paymenta of princ'pal and interest required by the promissory note secured hereby, mortgagor covenant:
and a~rees to pay to mortgagee with each monthly payrnent an addirional sum estimated by mortgagee to be equal to 1;' 12 of the annual tost of the follow-
ing:
A-All reel property taxes levied or aasessed against the a6ove described real estate.
B-Premiums on fire end windstorm insuiance as herein requ~red to be carried on the improvement~ situate on the above described premises.
C-Premiums on such mortgage guaranty ir.surante as mortgagee shall from t:me to time deem fit to carry on the loan secured hereby.
Mortgagee shall from time to time notify mortgagor in writing of the emnunt due and payable hereunder end such sum shali thereupon be due and
payabla on the due date of the next monthiy payment and each sucressiva month thereafter until mortgagee shall notify mortgagor of a change in such
•mount. Suth sums shall be applied by mortgagee toward the paymeni of renl property taxes, insvrance prem:ums, and mortgage guarsnty insurance
premiums.
IN ITNESS WHEREOF, the aeid MORTGAGOR has hereu~to set h~s hand and seal the day and ysar first aforesa~d.
i~d, Ss led nd livered iry tha,presence of: ~
(5eel)
(5e~1)
(5aal)
_(Seal)
STA7E df FIORIDA
couNrir oF Saint Lucie ~
Before me personally ap~b~rd _ Charles Edward R119S _ end
HS 8 9 j.8 Ma rie R119 9 _ ~ his wife, to me well known and knnwn to me to be
the indivedusls destribed in and who sxetuted the foreqoing instrumer.t, m~d acknowiedged befare me that they extcuted the samc for the purposes
therein expreued. And the ~aid~ H e s s i e Me r i e R119 a
wife of the said C h~ r e 9 W8I' L18 9 ~pon a separate and privste
exeminsiion by ma taken ~eparete and apart from her said husband, ecknowtedged to and before me that she executed said instrurrient freely and volum
tarily ~~.d without eny compu{sien, canstraint, apprehersaiory or feer of or f;om her said husband. ~
WITNE55 my hend and official scel thi• day of - t0~78r A. D. 19 f''-
r~!" , f ~ ' _ -
~ Notary Public in end for The State of P,c~tdt~'i~it~et'
. . R Q O ~ My Commission expiros:
Refurn To: ~~,gti~ ~ti
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Firxt Federal Savings b Loan Association ~ ~p~ • ,
Of Forf Pierce. ~L r .
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fon Pieit~e.`;Fbr~da 1~ ~~Pt16L~(~~CfA~E~1~9~lQ1~~~g
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