HomeMy WebLinkAbout1635 To plac~ ~nd conHnuovsly kHP on tM buildinps now a!?N~ah~r utu~N on s~id land snd on ~II puipn~af a+d PKSO^~i~ll oowr~d b1l ~~~P
sg~. with ~q pnmium~ thena+ pa~d in fulb tu~ ir?su~anc~ in tF~ uiwl a~u~dard policy 1arm, in •~ua~ ~pprowd by tM MORTG~ ~r
inswanct in th~ vsual a~ndard pol~cy fam, in a wm ~pprov~d by tlw MORTGAGEE. in wch con+PanY o~ oompaniu
d~rectt and ~II fin and windstonn inswurc~ policie~ on am? of s+id build~np~„ ~ny int~ru~ tlw~Nn w p~l thK~of. M tM +pqrsp~» ~wn ~faa~W a
In ~acKS thKwf, shall contain tM uswl uandard mor~sgN clau~ or wd~ ot1~ clau~ +s_ 1M Mortp+q~ m+Y nq~+in. ~+kM+p N~ lo~ u'~ u'd F°a'
cies, each ~nd ~wry. p+yabb ro s~id MORTGAGEE ~s its Intereit m~y ~pp~~. and ~ach +nd wKY PaKY ~+II b~ pranptly af~ned and dtliwr~d ~o
•ny Mld by s~id MORIGAGEE as funher secu~ity to said mortyap~ debt, snd. ea less ~Mn an (10) d+ri u+ +dv+nc~ of th~ ~xpiration d ~ach po~icY. to dr
liv~r b s+id MORTGAGEE a renewal thereof. tope~iwr wi~h ~ rou~pt for ths pr~miwn of svch rMew~lj uid th~n ~MII b~ oo fin or windstam imw~nc~
pl~ced on ~ny of said buitd7rqs. ~ny interest tMr~in or put thereof, unleu io the f«m ~d w~~A ~h. ioss p+ybi. +s at«aa~d, +~+d M+i+. •w~» +~y sun~
of morwy bscon»t payabl~ w+dK such policy or polic»s s+id MORTGAGEE shall Mw tM option to naiw u~d apply tM s+m~ on ~caow+l of tlK k~d~bt~
neu savr~d M?~by a to psrmit said IMORTGAGORS fo ?eceiw and uN N a a~y part tMreof fa othe? pwpos~s, without thaeb~ waivinp o~ impafr
irq ~ny puity, liu~ or ri~ht under or by virtw of this mort9spe: •nd r}?. .v.n~ wid MORTGAGORS shall for .ey r.ason fsil ro kap rM wid p~nis.s so
~nwred. w fail p deliver pcompdy u?y of said policies_ ei insurance to said NWRTGAGEE, or fail promptly to p~Y wih ~Y W~miwn tMnfw w in anr
respect fail b p~rfwm, dixhxye. sxecut~. ~ffect. complde. comply wirh and abid~ by thit aoven~nt. a any part htrwf. s+id MORTGAGEE m~y pl+a ~~d
pay fw svch inwranu w ~ny p~rt tt~~reof withovt w~hrinp or ~ffectinp ~ny optian. Uen, equiry. o~ ~ipht undK a by virtw of tl+b Mortpap~. ~nd tM
full amwiot of each and ewry wch payment sh~ll b~ immed'uroy due ~nd payabl~ ~od sh~ll bsu inhr~st fram th~ dat~ thereof w+tU p~id at tM rat~ of
n~na per centum pK annum and topetfxr with svch interest shalt be secvrsd by th~ lien of this mat9~pe.
1. To p~rmit, aommit or wffa no wute, tmpairment or deterioration of said prop~rty or any put th~reof.
5. To pay all and singulu tM eoa», eharoes ~nd exp~nsa, ineludieg • nasauble ~ttaeKy's fN and eoa» of abshseh of tiN~, tncwnd a paW N
any time by said MORIGAGEE, b~cause w in ths svent of the f~ilur~ on tl?~ paM of tM uW MORTGAGOR to duty. promptiy ~nd iuily pKianl, a`knup~
execute, etfcd. compkte, canplY with snd ab~de by each and every the stipul~tiona, prsements. conditioro, ~nd townants ot saW promiuory ~ot~ and thii
mortg~pe s~y or either. and said costs, chuges and eapenses, each and ~very, th~ll b~ inwn~dia~~ly dw ~nd payabl~r v+Mtht~ o~ not thN~ b~ ~atip d?
mand, attempt to colkct or wit psnding; ~nd tM full ~mo~nt of Nch ~nd wKy s~ch payment ~F»tl beai iot~nst han tM d+t~ tlwwf unNl p~id tl tM
rate of nins per centum pa ~ruwm; a~d all said oosts, charges u~d exper~ses iecwred or paid, topstl+s? with uxh Intupt, ~hall b~ Mu+nd by tIN IiM Of thN
mortya~.
6. Th~t (a) in the event of any brc~ch of this Mortgaye w defavtt on tM put of th~ N10RTGAGOR, or (b) In fM ~wnt ~ny of uid ~unr of mon~y
herein referred to be oot promptly and f~lly paid within thirty (30) days next after the sune s~verally b~tom~ du! u~d Wyabt~. with0uf d~en~nd o~ nofit~.
or (c) tn the evem e~ch snd every the stipulations, ag~eements, ca~ditions ~nd cown~nb of s~td proc;swry not~ ~nd this map~ ~r o~ NtMr ~r~ ~01
iuty, prwnptly and fully pe.formed, d~scharged, execured, effected. completed. compl~d with ~nd abided by. tMn tn ~itl~u or aMr wd~ ~wM tM s~fd aP
gregate wm mentioned in said promissory note then remaininp unpaid, with imerest ~cuued, and all ma+~yt Ncvnd.l~~by. .h.u b.oo~~. dw .~d ar
eble forthwith, or thetesfter, at the option of said MORTGAGEE, ~s fully and compktely ~i if ~11 of tM s~id ~u~s of morNy w+n aq~~ly ~fip~lat~d
ro be paid on svch day, a~ythinp in said promiasory noro or in tha Morrys~e ro ~M contrary nwwitM~w~d'uqr +nd tMrwpon a thK~+h~r af tM op~ion of
sa~d MORTGAGfE, w~thout notice a dem~nd, suit at law a ln puity, tIllflfOfQ Ot fINfNNH bp~n. ~1r b~ p~n~d a lf all monty~ Mcund Mnby
had matured ptior fo iq institution.
7. Th~t in the e~er~t d»~ •r ~he bey~~~rg of o. ~r s~,r ~~me pe~diny sny wit upon this Matyap~, or to ~a~clw~ N, a to nfonn k, w fo ~nfap
paymenf of any daims herevnder, s~id MORTGAGEE shall spply to the Cowt h~ving jurisdicYa~ 1h~rwi iw 1h~ appointm~nt of a R~cdwr, wth Carn sh~ll
Forfhwith appoint s receiva of sa' rtwrt9sged p~operty ~II ~nd singul~r, includ~ng all snd sinpulu tM inoorn~. ptofits, It~ws u+d ~~wow~ from wh~t~vK
source derived. each and every o~which, it beinp expressly understood, is Mreby mortp+ged +s H sp~cifiully fet forth and dwalbd In thi Orsntinp ~i+d
habcndum ctauses hereof, and wch Receive? shali h~ve •U the boad ~ad effective funn~an a~d pow~n in anywis~ ~mruat~d by ~ Car?t t0 • R~atva. ~nd
:uch appointment shall be made by such Court u an sdmitted eq~iry and ~ mitter of absolut~ riyht fo wid MORTGAGEE, ~nd withouf n~N~nc~ fo NN
adequacy o~ inadeqwq of the value of the properry mwt9~ged w to the sohency or insolventy of ~aid MORTGAGOR or IM d~f~nd~nt~„ and thN ~uth
ren~s, profin, incwne, iuues ~nd revenues shall b~ spplied by such Receiva xcordinp a tl+~ I'ien or puify of s~id MORTGAGEE and tM prutiq of such
Court.
8. To duly, promptly ~nd fully perform, diuha?ye, execute, effect, compkte, oomply with ~nd abW~ by wch snd wKy th~ stipulat~oiu„ ~y?Nnwn»,
conditiora and covcn+ros in said promiuory note and this mortgage set forth. '
9. TMt in the event the ow~ership ~f,the mortga9ed premises, a~rY WA M~ereof, beaon~es wsted b• pKSOn otiw~ th~n IM MORTG/IGOR, tM
MORTGAGEE, its tuccessors snd sui9~s, ma~j; without notice to the MORTGAOR, deal with s~ch succ~xw or ~+oassa in iet~r„t with nfanno~ to thb
mortg~ye and the debl hereby setured in the sams mar.ner as with Nbrtgsgw witFaut in ~ny way vitiatinp Or diKMrpinp th! AAor~papOr~' INbility FMr!
under or vpon tF~e debt hereby secured. No wle of the Frcmixs hereby mortgaged and no fwbNneq on tM p~n oi th~ MORTGAGEE Or It~ tuottstors
or assigns and ra extension of the time for the paymem of the debt hereby secvred y"~wn by tMe MORTGAGEE w iri woo~sson ot asaigM. ~hdl op~r~f~
ro release, discturye, modify chsnge or affect the orginal liability of the MORTGAGOR Mr~in, either in wtwb or fn put.
10. It is specificatly agreed that time is of the essence of this contracr ~nd rMt no waiver of any obltp~tion Mrwnda a of tM obllpatton sr
cured he~eby shall at any time thereafter be held to be a waiver of the terms hereof w of the instrwn~nt sewr~d haby.
11. In addition to the forego:ng monthly payments of princ:pal and inte~est required by tlw promisto~r note Ncw~d hereby, moNp~pot oownanf~
and agrees to pay to mortgagee with each monthly payment an addirional sum estimated by mortgapee to b~ eqwl t0 1/12 of th~ anrwal Cott Of tIM fOllow-
ing: , .
A-Ali real property taxes Icvied w assessed against the above dexribe~ real estate.
B-Premiums on iire and windstwm insurance as herein requ~red to be urried on the improvem~~tt tituat~ on fhe ~bov~ dewibed prMti~N.
C-Premiums on suth mortgage guaranry insurance as mortgsgee shall from tirn~ to t~me deam fit to urty on tM loan NCUnd h~rlby.
Mortgagee shatl from time to time norify mortgagor in writing of the imount due and payable he?eundef Md suth wm sh~ll tMrlupOn b~ dW ~nd
Fayable on the due date of the next monthly payment and each successive month thereafter until mottyagee ~hall notify mortgagOr of ~ thany~ In s~Kh
amount. Such suma shall be applied by mortgagee toward the paye+ent of real proptrry taxts, inwrant~ pram:unu, ~nd mortyp~ ywranfy M~wr~nc~
. ,
premiums. i
WITNESS WHEREOF, the ssid MORTGAGOR has hereunto set his hand and seal ihe day and year fint ~for~faid. {
/~'gned, led end del'v~red ' the presence of:
\ ~
_ . ~
~--n
i
STATE OF FLORIDA 1 -
couNn oF St. Lucie
Before me penonally appeared Harold Shaffer ~nd
Virginia Frances Shaffer his wif~, to n,e ,,,,.u know~, ,,,a kno~n, w m. to b.
the individwb destribed in and who executed tha fweyoirg instrument, and ackrwwledped befw~ ms that tMy execvted the sartis for th~ p~rrposes
fherein ex~~..d. n,~a rh. ~~d Virginia Fr~nees Shaffer
wife Of 1hR faid AT?A~ d a7~'1gffA1~ ~ tKfOn • l~pas~t~ and privil~
examination by me taken separate and apart from her said hvsband, adcnov~ledyed to a~d beforo mt tMt shs exetuted said ieqtrum~nt fredy and volur~
rarily ~nd w~tho~t any compulsion, ca?straint, sppreh ion, or f u of or from her said Fwsband ~LL
WITNESS my hand ~od official seal thi day of A. D. 19SZ5~_
• Notsry Pu~+l udf' f~i
tM St » of Fbrid~ at Larpe -
. ~ t aAi~ Cam+ission ~xpir~s: .
Retum Ta • ~ a10?My PYWK, S1i~! 0~ pOfldi ~1 Vtq!
Fint Federal Savings a Loan /lssociatio~ ~Ci .
L~ M~r C~awissio~ E~pa Sept. 23. 1969
~ i~M~ b A~iw~ ia ~
Of Fotf Pierce. 1, ~ ~ Gw~r G.
~bT.v'r+^^OV C~RD~E~ . . `=t~
ST. lUC1E ~ w ~ i _ , c : ~ .
R C R D V E R I F t E O - t- - .
. GT'~'~^' I • , ~ } :
'66 SEP 26 PM 3 ' 32 ~
~ 7.. .i •
148'~14 ~~~~~::s::.~,,,.~,~
ROGER POITRAS ,
CLERK CIitCU1T COURT g ~
, ~x~
_ - - - - _ -
~
~r
KaA~