HomeMy WebLinkAbout1409 S. To plaa and con~in;avaly k~ on ihe bui!dirgs aow or Mreafte~ ~itu~u on said I~nd u~d on aU puip~w~M ~nd pK~ona11Y tov~nd tY this n~or1P
r~e. with aU pramlw~u th~.ron pa=d ~n full, fire insura-xe in the ~swi aurdud policy fonn, in ~ swn ~pprowd by tM MORTCsAGfE. aed vnind~~orn~
~ns~r,nc~ in tM uswl uu+da.d pa:cy Fam. a wrt~ approved by rM N10kTGAGfE, ta wci+ caep~~Y w oompa~i~s ~s N~t 1M~RTCsAGEE nwy ;t
dire~~; ~nd atl i'ut a++d w~ndaarm ~nwra~+ce poiic~es on u~y of 1~ifJ ~fYi4d.n03. My ~~?fl~Nf fhlttlA O~ pNt fANWf, in th~ ~t9~r~ wn~ +fo~~s+d o? !
tn ~xceu thaeof, sAall contain ~h~ usual s:a~dud mor~~ege~ dws~ w such aha daus~ as tM MwtyapN m~Y nquw. r^+~p ~ P°u' ~
:~rs, eack ae~d tveryr, paYabk a sa~d MARTGAGfE as ~ts ~n~rrest may app~a~, snd e+ch and ~w~Y sucA Polie7l s~?+~~ b~ P~'P~~Y +~~4^~ +^d ~"'K~ b
any Mfd by sa~d MORTGAGEE as fw~her iecwihr to sa~d morrgag~ dcbt, u+d, n~ ~eu Nw~ ~en (10) days in ad~uKe of ~M ~apir+tan ot ~ach po~~cY. to d~ .
I;~er eo sa~d MORTGAGEE • renewal ~Fxrcof, toge~Mr w:~h a rece~a~ fo~ ~he praniu+n of wth renc~wal; u+d thK~ sh+ll b~ no f~~ or wind~~am inswa~e
placed on any ot sa~d build~ryi. ~ny in?crest ~here~n w put 1he~COf, un{eu ~n ~M form and wi~h tM loss p~yabl~ as ~fores~idj and in tM ~wnt ~ny wm
of mon~y becorr~s paYabl~ und~r wch policy w pol~c;es said MCRiGAGEE shall h~w ~M opt~ ~o racsiw u+d apply tM ssrn~ on +ccax~~ of tM ~?d~btd'
nrss secwed her~by o~ b~m3r uid Mt7RTGAGORS ~o receiw and use it or iny part ~hsreof fw othe~ pu~poses, wishout tM.eb~ waivi~g w~mpair-
~ng any pu~ry, lier~ or ~~ght under w by v~rrue of ~h:s matgage; and ir, tM tvent iud MORTGAGORS sha11 fa u~y reawn f~il w keep iFN s+id pn~n:ses w
~~a~red, or fail Io del~ve~ p.omp~ly any oi sa~d pol;cies of insurance to sa:d MORIGAGEE, u fai! promptly ro p+y fuly sny p«mium thaefw or in any .
respec~ fail to pe~(unq, dixharge. execuee. effect, ca+~pleee: comply wieh snd ab~ds Dy ~his oovenant, w ~ny part hawf, said MORTGAGE may pl~oe ~~d i
pay for such iruu~ance w a~y pa~l rhrreof w~thout w~i~iny or aifectuy any opiwn, tis~, equiry, or ryht unda or by virtw of tAis Matp+pt. ~rsd tht
;•,;il smount of exh ~nd every such paymrnt shall be ~mmedNrely due and oayabl~ and shall beu inttnest from tM dat~ tFw~eof antit psid at th~ rat~ ol
,.~r:e pe~ centum per annum and to~ether N~.fh such interest shalf be secu~ed by the lien o1 this nart9aye.
d. To pecmi?, ca+unit w suHa no waste, impairment o~ deter:oratian of sad ProPe~ry o? +nr p,.~ rhe.eof.
5. To psy ~II ared singulK the costs, charges and expenses, including a ~easonaDk attwney i fee and cpsn oi absttsds of tiNe. k~cwnd o~ p~1d af
~ny t~me by said MORTGAGEE, because a in tha cvent of the failure on the part of tM said MORTGAGOR W dutl/. p~omPllp u~d f~~h/ P~a^~ d'Kh+~
exr:uro, effect, complete, comp!y with and ab:de bY each and eve~y the stipulations, ~grsertKnts, contlitionf, ~nd CowrwnK oi l~itl p~ortus+tory nof~ Md this
-,crrgage ~ny w e~ther. and sa~d cosn, charges and e:penses, cach and every, sl~ail be immediatsly due and p~yaWe: w•hethe~ or not thtn b~ noYip dr
mand, attempt to colkct w su~t pend~ng; and rhe full amoun. of each and every wch psymer.t shall bear inrensf from the date therwf unNl patd d~F~
rar~ os nNie per ceatum per annum; an~3 at! said msts, charges and exper~ses incurred or paid, together w~th wch intKnt. shall W sawr~d by tM IiM? of this
mortgsge.
5. That (a) in the event of any breach of this Nlwtgage w dcfault on the part of the MORTGAGOR, or (b) in tht wsnf ury of s~~d ~wm of mon~y
Fr.e~n referred to b~ not promptly and fuliy pa7d w~rhin th~rty (30) days next after the sarre severally becan~ dw a~d p+y+blt, wtthovl d~enand o~ ratlq.
cr ~q in the event exh and evc?y ine sripuiationa. sgreemen~s. corniitions ~no cwereanta ot sa~d pra+attsoryi nois and this matQip~ a~y 'D~ Nthe~ ~n ^a
i~.y, prompHy ~nd fully pe.forme.i, d~uharged, execured, effeaed, complered, complied with and ~bided by, tl+en in-~itMr or +ny such w~nt tIN said a¢
~•egate wm men~ioned in said prom~ssory note tfien rema~ning u~paid. with inre~es~ acuued. and all ma»ys sttw~d. Fwr~b~. ~11 beeom~ dw and pap
a~.z ionhwith, a thereafter, at the oprion of sa~d MOitTGAGEE, u fvlly and cOa~Jetely u if all of the said su~ma of morwy vwre uipinally stiputated
!o be paid on such day, anything in sa:d 'prom~ssory note or in this Mortgage ro the contrary notwiihstandinp; snd tMr~opoe w the~e+RK tM oPtion of
sa;d MORTGAGEE, wirhout norKe a dcmand, suit af law or in equity, thcrefwe or th~reafrer be9un, en~r b~ pwsewtid ~s if ~II naney~ acw~d ha~bY
nsd matwttl pnOf to ift ittStiTution.
7. Thst in the event that at the beginn~rg o( or at any time pending any suit upon this Mortysge, ot to foretlos~ it, or to nfonn (t, w fo ~nfwa~
payr„ent of any ciaims hereunder, ssid MORTGAGfE :hall apply ~o the Court having jurisdKtie-o thereof io~ tM appointn»+~t of ~ RtceivN, wth Cowt ~M~~
f~rrhwith sppoiM a receiver of saif! mw~gaged property all and singvla?, includ~ng all and singulu tM incan~, ptofits, is~wa ~nd rewnws irom wlubvN
s_ ~•ce derived, each and every of which, it be~ng expressly undcrstood, is F+ereby mwtgaged ss if speu(iulty se1 forth aed de~trib~d in fhi ~antinp and
h3~rr~dum clauses lxreof, and such Receiver shall have all the broad and effective funct~ons a~d powen ir? anyw~s~ d+ttwted by ~ Cowt p~ Rsaiwr, and
s,.ch appointment shall be made by such Court as an adm+tted equity and a matter of ~bsolute right to s~id MORTGAGEE, ud withoul nferMU t0 th~
adrquacy or inadequacy of the valve of the propecty mortgaged or to the wwency or ~nsolvency oi said MORTGAGOR o~ the d~f~ndaoq, ~+d ihat weh
r~~rs, profits, income, ~ssucs and revenves shall be appiied by such Receiver sccording ro the lien ar puify of s~id MORTGAGEE and th~ p~adio~ of wd~
Co~n.
8_ To dufy, promptty and fuUy.periorm, diuharge, execute, effect, compkte, comply with s~d sbide by esch and ~very tM stipul~tioets„ apr~t~,
.or.d~t~ons aod covenants m sa~d promissory note and ehis mwtgage set forth. '
9. That in the event the ownership of the morrgaged premises. w any part thereof, becomes ves!~d io a pKwn othar 1h~n the IIIWRTGAGOR, ths ~
:'~RTGAGEE, its successon and assgns, may, withou~ norice ro the MORTGAOR, desl wifh such wccessor or ruaessa in intertst with refennce to tl!i~ ;
n.o-fgage and the aebt hueby se:ur~d in the same ma~ner as w]th Mortgagw w~thout in any wsy vituti~y q d~stF~ug'u~p tl~e Mortpspor~' li~bility h~rr ~
~•^.de: or upon the debt hereby secured. No sale oi the premises hereby mwtgage.~ and no forbearance on Ihe pait of ths MORTGAGEE ot it~ wtteswrs {
cr ass~gns and no extertsion of the time for the payrr~nt of the debt hereby sccured g~ven by the MORTGAGEE w ib sucteuas or usipM, sha~~ operat~ ~
ro reiease, d;scharge, modify change or affect the original {iao:l~ty of the MORiGAGOR i+erein, eitl+e? in whole w in part.
10. It is spec~fica~ly agreed that time is of the essence of this conrran ~nd ~hat no waiver of uiy obl'~yat~on Mrwnder a of th~ oblip~tion s~-
cured hereby shall at any timc tF~ereafter be he~d to be a waiver af the ferms hereof or of the instrumant setwad Mrby.
11_ In add~t;o~ ro the fwego:nq monthly payrr.ants oF priric"pal and interest requued by tF+e promissory note secvred hereby, morf9~yor aOwnaM1
>-d agrees to pay to mo:tgagee with each monnhly payr,~em an add~~iona! sum est~mated by mortgsgee to be eqwl to 1/12 of the uu+wl cost of tFw fdlow-
~,y-
A-All real property taxts lev~ed or assessed agai~st the above desuibed real estate. '
B-Premiums on fire ar.d windstorm insurarce as here~n requ~red to be carr.ed on the improvemenb s:t~ate M!~.;: above descr~b~d ptM~iNS. ~
C-Premiums ort suth mortgage g::aranty inw~ar.ce as mortgaaee shall from time to time deeei fit to Grty On the lO~n setvred hereby.
Mptgagee shall frcm time to tlme ~otify murtgagcr in writing of the emouM due and payable heteueder and suth ~um shall therwpon b~ dw ~nd -
~::b!e on the due date of the next monthfy payment and each successive month thereafter ur.til mwfgsgee sFw11 nofify mortgagor of a thanp~ in suth
~ _ ~unr. Such sums sF.ail be applied by mortgagee roward the paymrnt of real property taxes, inswsnte premwms, a~d morty+qe 9wr~ttfy iowra~ce
_ n:ums.
IN WITNESS `JVHEREOF, the said MORTGAGOR has hereunto set his hand and seal the day and ytu firsf afonssid.
~ Signed, Seak dr 'Y¢red in the presenct of: - . `
O X~s'~~ ~ ~ ~s
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S;ATE OF FLORIDA ~
~:~U.'JTY OF St'y T.lIC~A ~
eefore me personapy appea?ed FAvi n T~ $~kPr +nd ;
L.4ura L. B~lker ha wif~, to me wen known ~~a known to me w b. #
..,e ~ndividvals described in ~nd who executed the fuegang instrument, and acknowledged before me that tFiey e~cecvted tM~~~?s'fQt.the p+rPoses ?
r
ine•ein e essed. And the said i a»ra L BAkAP _,~;ys3tuJ~t: '
~ ~t~~ 1~..•v,.~ ~
..:=e of ehe said F(jv~ n ~T~ Rs~ker - •~`s- • ~nd priv~» - :
~.3m~naYan by me taken separate a~d apart from her sai~ husband, xknowledged to snd before me that she exeaite~ s„i~d tAS~ ~f(e~l;~d ~
s=_~~iy and w~fhouf any compulsan, cwntra;nt, apprehens~on, Lor~ feu of or from her said husbsnd. ~~40 r,'_ t ra ~lQ/
WITNE55 r++y hand and official seal this 9j°~'~ day of ' A. ~9--6~
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~ . . Public in end for tfie df Florida ~t La '~i ;
My Comrr.ission sxpira: . ~l ' ~ ° - , ;
~ Resum Ta ~~r.;.`~ J J .
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~ First Fedenl Savings E~ loan Association ~TARY PUBUC, StA~ if FWIIIWI at LAR6E ~~1j~;``;' :
r?! Of Fo~t Pierce. '
~W Pierce. Fi«aa FI~EO AND RECORDED ~~IfISS10N ~S JAN. B, t~ //6 i
''y ST. IUCIE COUNTY. FU1• ~w~ TM•O1O"'*~' ~ 9 ~
~ccp~p VERfFtED
150398 '
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~;CJt,=_i~ c i1t ~ t~: S
CLERK CIRCUIT COUR p00K1VV fAGf ~9
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