HomeMy WebLinkAbout1146 To pi~ a~+d oonti~wowN k~P m ~Ae bui:di~ps now w M.+afi~+ urua?e on sa~d I~wd ~nd on aH equ~p~~nt +"d PK~a++~h b1l ~hia war+~
q~ wi~h aN p«nieees tl+ena+ p~d in fv0. fw~ in~wK+a ~n ?A~ uwa~ iraraard patiey fonw. in • su~n ~owd M rh~ MOti~GFk10RTCsAGEE wwr
Imwrnct in tM uwal ~tseda~d polRlr fa~a in a s4m approvd bY tl+~ MOkT('s~?GEE. in wch con+P+^Y a~'W+~~!
dinett s~+d all fir~ ~nd winds~ons ieawana pd~cits on ~ny of ~aid bu~W:np~, ~nr in1K~s~ tMrein a put th~nai. M n» +p~p+te ~ww ~to~~s~tid or
N~aa~ IMv?~of. ~MII eonrat~ tM vswl sundad ~nor~pye+ eiavs~ w w-eh alwe. elws~ ~s th~ Mar~agw~ n++y nquir~. nwkinp ~!w losa w+da: a+~d poli~
ciM. ~ath ara twry. MYab1~ to ~aid INORTGAGEE ai i+s mtsrsst ~'no~ ks~ tF~an N~ i101 d~YS In i~drann oi th~x~pa1 stion of ~ad? policY. 1o d?
.nY h~Id by uid MOrtTGI?GEE a tunhM sscv.ih a s+id ~rAS~9a~e
liwr b s~id MORTGA(iEE • n~tvwl Mereoi. to~~hM wi~1 a ~et~pt fo~ N~e pnmi:~n ot wch ~e++ewals and tlw~ sh~U b~ no ia~ w winditam intwana
pl~pd an ary of aW bvildrip~, +nY inter~st M~nie w put ~hereof. unlsss io ~h~ f«m and wi~h tM Iws payaW~ as afa~r.:.+: ard i. •v~ .N+r swn
of mon~ b~cornq p+y+W~ w~d~~ wd~ PaKY a Poiicies sa;d MORiGAGEE shall haw ths optiun to r~uiw a.~d apply tM sa^:~ .n aco.~?n~ of tM i~debtad'
n~ss s~cwed hsr~by or q permit wid INORTGAGJRS ro receiw and us~ h or any put thereot fw o~he~ p~?rpoia. wi~hout ~he.:b/ wairiny o~ ~mpa'w- ,
hq +nr puih?. 1»n a right ~x+de~ or b~r vinw of ~his morsqapr, and in the ~ven~ s+~d 1MORTGAGORS sf?+II fw my ~rsson ia~ w keep tl+~ wid promisss so
inwr~d. oe fdl w ddiw~ P~~P~h ~ of NiII ~,Olitil3 of inswane~ ro said MORiGAGfE. w f~i w~~N +o wr ~,ny .~y a.~wr+ tha~for o~ in any 1
nsp~d fall b pKfor~n, disclNrp~. sxacvt~. ~ff~d. eompl~tr. comply wirh and abide by this aove~ant, or any pat herwf, said MORTGAGEE enay pl~a +~d ~
p+Y fa wd~ bawano~ ot any part MKnof w~thout waiviig x affecrinp any option. ~ieti puity, ot rigFu ~ndK « by rirtw of this Mor+p~pe. and tht
ivll amOwW of ~ad~ and w~y wtA payen~M sh~U be imnedi+ttly dw and p~Y~bl~ +~d b~ar interest trom tM daq li+ereof untA paid at tM raN of
niM per cantum pK urwm and to~e~Me~ wi~h wch intersst sh~{I b~ secwed by IM li~n of this mars~+g~. ~
1. To pKmit, oonrrut w wffar no wu» imr.airment or deterwr~rion of said p?operty or u~y part thereof.
S. To pay_ ~II ~nd sin~ular tM cost~, cFw~es u+d e:Pensea. incl~dinp s re+sonable s~torney i fe~ u~d cosn of sbatr~cts of titls, Fncwr~d or paid sf
~ny tinr by ~aid MORTGAGfE, b~taust w M the twnt o! the f~ilwe on the parl of !!+c ssid MORTGAGOR lo duly. promptly and fvlly pMia~rm, d'ad~uy~t
~xatv», effecb canpkt~ comply with and ab~de by each ~nd every the stip~rlarions, agrea+nenn. corKiitions, and coveeunb oi said promissory noN and tAa
~~I? w fiths~. and said cesb. cMrW+ and sxpero~s, e+ch ~nd everY. sMll-b~ iiwrKd~a~ely due and p~Y+~t wMther w ~ot tlw~ b! fAtitf d?
mend, ~»en,p~ w oo1{~ct er wit pN+~~gj ud tM fvll emount of exh +nd ewcY wch P+r~en~ shall bes. iorK~ from ~M da~~ thenof until p~d ~t the
rst~ of ~ per cenrwn per annurn: snd sll s~id oosn. cha~9es and e,cpenses incwred o~ paid. together w~~h svcl~ inter~at. ~11 be sscund by tl~ IiM of th~s
mortp+p~.
b. Th~t in t!N ev~nt of any brtach o~ this Mor'gsg~ a~efwlt on tl+~ psrt of the MORTG4GOR. w(b) in tM rweu +nY of ~atd wms of morry
hentn r~fwr~d to b~ oot promptlr ~nd fvlly p~id wirhin thirty (30) days aeat afte~ the same severalty b~com~ dw and payabt~, without d~rnand or notia.
w W M tM tvent each arK! ~wry th~ stiputatio~s ag~eemenn. cond~tions snd coven~nts of sa~d pr«n'~saory n~te ~nd tlw maty~p~ ~ny or ~ithet ~n Roe
iuy, promptly and fvly p~rformad, d~scl++~ped, e~en:ted. effected, compkted. compiced with and sbided by, then in ritMr ot any ~uch wMM tM s+id ap~
prpah wm mN?tioewd tn s~id pton+issory not~ thcn rem~i~ing vapaid. with interest acuusd, and all mo~eys ucwd. Mr~by. ~11 beoomt du~ ~nd p~p ~
ab:~ forthwith, or tM?safter, a1 the option of said MORTGAGEE, u fvly and cwnpldely as ii a11 of t1+e ~sid twns ot ma~ty w~re o~ipinally stip~lated
ro b~ p~id on wch diy. ae?ythirt~ in said promissory ~+ote w in tha Nlwtga4e t~ :he coneruy notwi~hst~ndinp: ~nd Ilwre+rpon w thtraahar ~t tM optia? of ~
uid INORTGAGEE, withoul notitt w demand, suit at law w ia aquity, therefae or the?eafter beyue4 m~y b~ pro~ecvt~d as if all ma~eys ~atw~d har~by ~
hei! en.tw~d prior ro~n iraNn,t~a.
TMt in tM event that ~t the begier+ing of ot st mry time pending any wit upon tha Nlort9age. or fo forsdos~ it, w to nforen It, ot to a~for0~
WynKnt of ~ny daims Mr~w+d~~. aid MORTGAGEE shall apply to the Covrt h+ving jvrisd~ctan thereof for tM appointm~nt of ~ Rec~iv~r. wch Cowt shall
Forthwith ~ppoint a noeiwr ofs+~ mwtp~ped property all tr?d singular, inciudmg a11 and sirgutu th~ inoo~ne. pofits, Issua and nvenws froen what~vN
~axa dMivad. tach uw! ewry of which, it beinp exp.essly u~ders+ood, is F+ereby matgaged u if spec~fiul.y set forth and detv~d In thi ~ramirg and
hab~e?dum dawes her~of, and wch ReoeivM ~l+sll Fwve all the broad u+d effective funct~ons and powen in anywise entrvsted by ~ Court t~ + Recsivsr, and
wch sppointm~nt ~hsll b~ mack by wch Gourt as an +drru~red eqv~ey snd a matter of rbsol~te rght ro said MORTGAGEE. ~nd without nfe?a~c~ to tl»
~deq~rat~r or in~dpwty of th~ vslw of the property matg~9ed ot 1o the wlvcncy o~ ~nso~vency of said MORTGAGOR or rM d.f.ndann, ud that such
renta, profits, inconw, issues and revenues shall be appGed br such Receiver ~ccwdinp to ti+~ lien or equiq of s+id MORTGAGEE and th~ pr~ctiu of such
Court.
0. To duly, pranprly and ivll~r perfarn, d~scha.9e, execure, efiec~, cwnplete, comply wi~h and abide by s~ch and ~wrY the stipularions, agre~aM
~tioes ud oovenanb in aaid pradssory note and this mwtgage xt iwth. - ' ,
9. iFut In th~ svent the ownership of tM mortg~ped premises, w amr put thereof, becomes vest~d in a penon othe? NNn ths MOR?GAGOR, tM
MORTCsAGEE, tn sucassoq ~nd +ssgns, m+y, whha+t nwica to fhe MORTGAOR, de+l wi~h such succ~ssor o~ ~ssw in a+terest witfi nferu+c~ to thq
mwtpsp~ and tF~ debt he~eby secured in the same manner as wi~h Mo.fg~go. w~ihovt L+ aey way viGarinp a d~scFwy~ng N+e Atiort9+pas' li~bility hert
~ndar or upa~ tht debt hereby secured. No ssk of the Fremises herrby mo.tgaged and no fabeuance o~ the part of ths MORTGAGEE a iri svcceswn
or suipro ~nd no extension of the r'une for the payment ot the deb~ hcreby secwed g~ven by the N10RTGAGEE or in rucusson or assipns, ~MII opaat~
ro t~ka~e, d3st!?~rpe, modiiy tlw+ge a a(fect the original liabilitY of ~he AhORTGAGOR herein, either in who:e a in put.
10. It i~ spaufically agreed that time q of the essence of tha cau~sd +~d that no w~iver of arryr oblgaYan hareunder or of th~ oblig+tio~ sr
cured hneby ahall at any time thereaher be heW to be s wai~er of•the terms hereof w of the instrument secund Mrby.
11. In add~tion to the forego:ng monthlY paYmrnts of princ'pal and interest required by the promisswy rate secwed herebY, morty+gor aoven+nb
and apr~es to pay to mortgsgee with esch monthly paynxm an sddi~ional wm esdmated by mortgagee to be_eqwl M 1/12 of the annual cost of th~ follow-
irg:
A-All real prop~rty taaes kvied w ssseued against the above described real estata -
B-Pramiums on firo and winds:orm insurana as herein required ro be canied on the improvert~erls situate on the sbove destribsd ptM~isea.
C-Premivms on svch mwtgs~ ywr~nty inwrance as mortgagee shall from ~~me to time deem fit to cury on tfie loan secvred hereby.
Mort9ayee sh~ll from timc to time notify mortgagor in writing of the amount due and pay+bk herr~nder ~nd such wm shall thereupon b~ dw and
payaWe on the due date of tha next monthly payment and each successive month thereafter ur.til mortgsgee sh~ll notify mortgagor of s cfWng~ in such
amo~~t. Such sums shall bs apolied by mortga9ee towud the payment of reat property taxes, inswance prem:wns, ~nd mortgsgs pwranty insururce
~ premivrns.
IN WITNESS WHEREOF, th~ s~id MORiGAGOR h~s hereunto set his hand and seal the day and year fint sforesaid
~ • and~ ered in ~ii pr~ of: ~
~ ~~7r c~ ~t~/ f/~
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f 7r~. n--a
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STATf OF P.ORIDA ~ ~
St. Lucie
courm oF
defwe me pawr?~IIy appeared (*BervA B~ Wal tAra ~ ard
,Q,l l i Pna K_ ~[gl ~qTES his wife, to me well known snd krwwn b me to b~
the ind"nidwb described 'e~ and who executed tt~e fotegoin~ instrument, and +dcnowledged before me that they executed the same for the p~rr oses
r?~e,~n e~,e,sed, A„d Allieee K. Walters
wife of tFw said Geor¢e B. Walters - , upon • sepa~ate and p'n~t~
examin~tan by me iaken sep+nte snd apan from her said~, ackrwwledged to aod before ma tMt she eaecuted ssid instrument heely and vol~x~-
tarily ~nd withovt ury tornpulsion, oonstnint, spprehension, or u of or from her said Iwsband.
WRNESS my IWnd and official seal t~ ~°3 day of A. D. 19~_
Notsry Public in ~nd fo? tha State of Fiorids N larpe
' My Ccmmiuan e:pira:
Retwn To:
F'irst Federal Savirgs i loan Associat~on • ~t~ ~+~C. St~t~ of Florida at Iarg!
of vK.«. FILED ANO R~Cp ~r ~01~"~s'01 ~ rto+. 3, 1~59
Fo~t Pierce. Flwids ~
Sf E.UCIE COUNTY~~; - `°'di°'• F~ . z.c.~.
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' ~€COR~ VERtF1E0 "
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66 NOU P~2 : 56 '
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_ :~t~~-~` ~ =~~r v ~ c~ . . :
e:O:,~R l~O~TRtiS. ~
CLERK -
CIRCUIT COURT ~
A BOOK15~ PACE 5~U ~ ~ ~ _
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