HomeMy WebLinkAbout1012 Z To plac~ and oontinuously kNp on th~ bui:d'ugs i+ow ar herNftK wtw~~ on ~aid land and on sll puipm~et and pason~lly covK~d by thk matp~
p~, with all prtmiw~ thu~on W~d in f++11, fin ieawua~ u+ Nv uswl st~ndard policy fam. ~n + s~m +pprovr.! bY ~~TGI?GEE. ~r?d wind~~am
i~sw~ M fM wwl uaedud po1K1? torm. in a swn ~pprowd by ~M MORTCsAGEE. in sucA compu?Y o? comP+ni~s a tM MORTGAGEE m+y
dirM~ ~nd all f'r~ u?d wind~tam inwrana Policies on u~y of Hid IM1111~i~f, ~11y ~RINNI tFfNf~f Of pift iMflOf, in th~ +pqre9at~ wm ~fass+id a
M tuaa thKwf, ~1 contw~ tA~ uswl atandard mat9apN dawt a sud+ orha clws~ ~s tM Mat9+~+ m+y rpu'u~. makinp ~M bu undN ~ud polM
ciw ~ad~ ~nd ~vKY. P+Y+b1~ b~aid MOR?GAGEE ss in inta~st may appN?. and ~ach and ~wry wch policy sAatl bs prompdp ~u:qn~d and dNiver~d ro
.nr h.ld by ~ak! MORTGAGEE u fu.rh.r s.tvriM ro ~aid ew~p+p. d•br. +nd. not kss than t~n t10) da~rs in ~dvanu of tM ~xpiruion of euh po~~cy. to da }
liwr w ~+id JNORTGAGEE a n+»wal tMrwf. topNhM with ~ ne~ipt for tM pnmiwn of wch ~eMw~lj and ~F?H~ shall b~ no fK~ a windstam inw~ae~c~
p~~ ~ My ~id p~i1d'ugs. a~r Inm~st tM«;n ar put tMnof, w?ku lo the fonn'and wi~h ~Iwe Iw~ payabl~ as afoni~idr +~d i~ tF+~ ~v~e?t any w~n ;
of mo~y b~oon~ pay+bl~ w;der wd+ po11cY a polici~s s+id MWtTGAGEE sh+ll h~w tM option ro nc~iw and ~pply the s~ on accovo~ 01 tM ind~b~ed~ ;
n~ts wcvnd hN~by w q permit s~id MORTG/1GORS ro reaiv~ ~rd us~ it or any pa?t thereof fa o~hcr purposes, wl~hout thaeb~ w~ivi~g a unpair- ;
Mp ~ny puity. lia~ a rght w+du a.by virtw of this mortp+p~s ~d in tlw ~vset wid MORTGAGORS ~11 fw u~y r~awn fsil ro keep th~ aid prNnises w
inwnd, w f~i) b d~liva p~omptly ~ny of s+id policiss oi inswsrKS ro s+id MORTCsAGEE, a(ail promptly to paY fully anY pnmium d+N*fw w in sny
rnqct fail a pKia~R disclwye. ex~cvt•, ~ff~cf, canpl~tt, comply w7rh and ~bid~ by tlas cove~ant, a any put hereof, said MORTGAGEE m+y plac~ +nd ~
WY fa wd~ leuuranc~ or ~nr put tMreof without wahinp o~ ~ff~clinp ~ny option. INn. ~yvity, w ~ipht ueda a by vinw of this Mor~pap~. ~nd tl+e
full amouen of ~ ae~d ewry weh paYm~m sh+ll b~ irnewdia~ahr dw +~d Wy+bl~ ~"d sl++ll b~a~ in~a~s~ iran ~M dar~ thsrwf ~niil paid « tM ~at~ ol
nin~ pq pnt~en pp anrwm ae~d tog~tAer with wtA inter~t shall be setwed by tM lia~of this mort~~.
1. To p~rmit. oomnit a suffa no wut~. imA+frment or dNeraratan of said propKty a any put tMteof. ,
u~clud' a res:on+bl~ +ttoreey's fe~ ~+d oosn of absn~ds of titl~. incv.red or p+id at j
S. To p+y all aid sirgular tM•ooan. ch+rq~s +nd ~xW^sK. ' '^p
any tim~ br s+id MORTGAGEE. Maus~ ot in th~ ~wnt of tM f~ilw~ on th~ p+n of tM uid MO~TGAGOR 1o duly, promptly snd fully pafam, d~xhary~, ~
•xacvt~. ~H~ct. oon+Dlaa oomPM W~~h and .bid~ b~r .ach and every ~h~ nipulauons, ap.eem.~n. cad~~iora. .nd oownann of s.d promiswry na• and ~hc~
mortyape ary or ~itl~. and ~aid costs. chu~s and ~xperres. ~ach and every. shall b~ h+wnedi~~ely dw and p~ysbh: wMthe~ a not the.~ b~ earici d~ :
m~nd, ~tt~enpt ~b coIIM a wit p~ndinps and tM ivll ~mount of sach and wMr wch WYme^t sh+ll bs+. io~aat iran tM da» tM?eof until p~id at the ~
rare of nine pK os~+twn per arr+umj ~nd all said cdsts, cMryes ud e~eper?ses incvrnd or paid. top~tMr with a?ch intKest, shall b~ s~cured by tM tien of thi~ i
~
mortp~p~. ;
e. That in tM wa~t of any besch of thb Nlortya~ a defwlt on Ih~ psrt of tM MORTGAGOR, or (b) in tM wa+t any of said a~ns of mon~y ~
Mnin nhrr~d ro b~ nw p?ompty ~nd f~lly paid within thirly (30) dyrs next ahe~ tM same sevcr+lly beca+K dw ~nd payabl~. without d~msnd w noHce. ~
o. W in th~ ~wnt each and ~wry tIM stip~btioro. +prss~n», oond~tiau a+d covuunrs of w~d pro~n~sswy rat! and th:s matpap~ ~ny a e~tMr a~~ no1 !
iuh, prampNy and fully pKfone~l, d~scl+aryed. txecvted, ditcted, oompleted. canplied with and ab~ded 4y. tMn in eitha~ w ~ny such ~wnt tM said ag '
~rq~t~ surn mtr?tior»d in ~aid promisso?y ~ot~ thsn rem~ininy w+p~id, with imaest acorued, and all moneys secvred herebY. ~11 Aecorn~ dw u~d p+y~
~bl~ (pthwith, p tMresher, at th~ option of s~id MORTGAGEE, u fvlly ~+d oompl~tely as if all of the said sums of mon~y wer~ ppin~lly stipulated
to b~ paid on wch day, snytlNeg in said promissory not~ or in this Morfyage to the tontrsry ratwithsUndinp; and therwpon a thereafar at tM optia+ of
said MORTGAGEE, witFw~t notic~ w dem~nd, wi1 at I~w o~ in equity, therdon or thereahK beyun, may be pro~ec~ted u if ~II rtaneya Ntvnd Mr~by
Md fe~itund pti0t 10 ib inqitution. ~
7. That in th~ ~vent that at the beginniny of w ~t sny twn~ pendin~ soY wit upon this Nbrtya~e, or to fwecbs~ it, w to rofwm it, w ro enfaa
p~yrrw?f of any daims Aerwnder, s+id MORTGAGEE shall ~pply ro tl+e Court havinp jur~sd7ct'wn thereof for tM ~ppo~ntment of a Receiver, wd~ Court sMll
fortliwith ~ppoint a nuiver of said mortp+y~d proparty ~II and sinputu, includ~rg all snd singula d+e inmm~ profits, iswes and revenues irom wFutever
sourc~ derivtd, e~d~ uid wery of wli~ch, it beinp ~xprossly unde?stood, is hereby mortgaged as if apec~ficaly set forth and desuibed in the pr~ntinp and
heb~ndwn cla~sei Mreof, and wch Receiver shall have all the broad ~nd eNectiw fur+ct~ons and powen in ~~ywise emrvsted by ~ Cowt to a Receive~, and
such appointment ahall be mad~ by wch Gourt as ~n sdmitted eq~ity and a matta of absolut~ r'~yht b said MORTGAGEE, and without reference to tM ~
sdpv~cy or Nad~qwcy of tM wlw of the pfoperly mortgped or to the sowc~cy w insolvency o( said MORiCAGOR a tM defendann, ~nd ~hat ivch
renta, profits, ir~oo~n~, aiues snd r~venues sh+lt b~ ~pplied by such Receiver +ccord~ ro the lien or puity of said N10RTGAGEE and the pr~ctiu of such
Cowt. ~
S. To duy. o.~ty .~a wty P..fo.~+, dacl+~rye, execute, effect, complere, tompty vinth aed abid~ by ach ~nd tvery th~ stipul~tions, apreemer?ts,
cond'oioru and coveo.nn ~n sa;d prom~sso.y na. and ~Iw mongag~ se~ f«~h. ~
9. 7Mt the event tM ownership of tFN mort9+yed premises. or ~ny parl thcreof, becomes vested in ~ perwn other than th~ MORTGAGOR, tM j
MORTGAGEE, its successors and ~ssiyns. m+y, without notice to tM MORTGAOR, deal with :uch wccessor a wccessor in interest with rcfcrence ro tha
mort9~ye and ths debt hereby secvr~d in tht sarnt mun+er u with Mortg~gor without in any way viti~tin~ a disthar~irg th~ Mott9agors' liability hera
u~der or upa~ the debt hereby secured. No sale of ~he p~emises hereby morty+ged and ~o fo?bearance on the p~N o( the ~IWRTGAGEE a its succeswn
w~signs and no txtension of the ~ime fw the payment of ths deb~ hareby secured yiven by ~he MORTGAGEE w its ~ucussors a au~ns, slWII opsrat~
to releas~, discMr~, modify cMnpe w affect tM wipu+al Iisb~Gty of the IWORT(;AGOR hereiq, ~ither in wFale a ie put.
10. It is specificsUy agreed tMt time is of the essence of this contr~ct ~nd th~t no w~ivar oi any obliy+Ywn hercunder or of the oblip+tion se-
cur~d hertby sh~ll at any tirM ther~sfter b~ held to be a waiver of the t~rms hereof or of the instrwnent secwed harby.
11. In add~twn to the fwego:ng nwnthly psyments of princ'p~l and interest required by the promisswy ra?e secured hereby, mortg+gor covenants
end aprefs to p+y ro mwt~es with exA muuhiy p~yment an additaMl sum estimsted by mortg+gee to be eqval to 1/12 of the annual cost of the follow-
ing:
A-All re+l property taxes kvied or assessed apainst the above described real estate.
B-PremGums on fire and windstorm inswance as here~n requ~red to be urried o~ tF+e improvemenn s;wate o~ the above dew~bed pre.nises.
C-premiums on such morigage gwrsnfy insur~nce as mortgagee shsU from t~me to time deem fit to csny on the loan :ecured hereby.
Mortg~gee shall fran Y~me to time ~ notifl. mo.tyaQw in w~iting of the amount due snd psyabk herew+der and such wm shsll thereupo~ be dve and
i payable on the due date of tt~e next monthly payment and txh successive month nc~re+fter until mortgapea shall notify mort9agor of a change in s~xh '
! amount. Such sums shall be +pplied by mo?tga9ee toward the paymem of resl prope?ty bxes, insurance premiums. and morty+ge gwranty insurance
premium~. t
~ IN WITNE55 YYHEREOf, the taid MORTGAGOR h~s hereunto set his hand and seal the day snd yeu fint ~fwessid. ~
~ S~abd deP th~ presence of: _ L/y_
f (Sea~
~ ~ ~
~ ~n
r
STATE OF FLORIDA ~
~a,,,m ~ 3 t. Luc i e
e.for. m. p.noe.tyr .pp...ed Srne !!t Ell er .na
Y~nda Eller his wifq to me well known and krawn ro me to b~ ~
the ir~vidwb dswibed b~ ~nd wtw executed the for~going instnm+enr, and sd~nowkd~ed before me that thsy executed tM ssrn~ fw the ~wrpo~es i
therein ~:pressed. Md tht said WAAdB Eller
w;,. w,~ $rne at Eller ~pon • sepa?afe ~~d privab
exsmination by ms taken sepuate ~nd apan from her ~sid husband, adcrawledged to and before m~ that shs exeaited said irotrwnant freely and vol~o-
rarily ~nd without aryr compuban, constraint, ~ppreheirian, ot feu of w fram her wid husband. L`
WITNESS my hand alld OffICiil seal thii d~y of d~~: A. D. 19~SiSL
LQ-~
Notary Publ'~c in ~nd fw the State of Pbrid~ ~t lup~
~ My Commission ~ap'ues:
Refum Ta ~~tt?Y ~51ic. S1:1! J1 dt (ar
~ First federd Savirgs 6 loan AssociaYan ~
or Fo?~ PK~ce. RECOFtOED 1Y{r Commission E~cpires Nor. 3. 1969
~ Fort Pierce. Flwida F1LE0 AND oUN.~Y. FLA• ~oi0~ ?w a c~,Mrr.~,
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