HomeMy WebLinkAbout1477 S. To plap ~nd cauLwous~y ke+P on t!» bu~:a~+~. ~,ow o. ~.NtrK wwa o~ ~,:d ~.~a ~a o~ ,~i .v~•~ «+a w~•*~•~N ~or...a ey ttia rt,o.q~ i
y~, witA ai) p~miwas ti~aa~ W~d in futl. ti~~ ioiu~sn~e ~n the usuel sundard pofic~ fonn, in • twn approwd b~ tM MORT~Gf~aR++dG~w'Eu~t~~
inur~nc~t in tM uswl it~ndard pal:t~r ioteel, fA a sWn apprur~d by ~he IMCRTGAGEE. i~ sirc~ Mn+W^Y a~~ ;
diretfj antl ~p (ir~ s~d windstorm irowu~ct potKhs on s~?y oi said buitd.np~, any ine~~~~ ~t+~rein w put tha~wf. in the pprepa~t wrn ~for~wid or !
in ~Yass tl~~of.~ tMll oont~ tM uswl sqnd+rd moriyl9ee c~aus~ w tvch oiFw~ cl~us~ ~s tM Mapags~ may req.~:*, n~akinp ~M bu undM s~~d poN~ I
ces. ~ad~ and ~wnr. parabM 1o wid MORiGAGEE as ~ts iole.sst m~y ~ppe+r, e.~d aach and every such po~~ty sMli b~ promprly ~u.ynsd ~nd d~liwr~d ~o ;
eny hsid b~ ssid MORTGAGEE ~s funha security to said ma~pag~ dabt, arh~ nOt 1l3f /M+l iM (lOI ~ys ~~vNK! O~ ?M lYpi~~tiOfl O~ s+ch policy. a d~-
I~~e~ w a~id lNORTGAGEE a ra+~wal tMnof. w~etha wieh a recHpt fo~ the prsm~wn oi such renew~t; and ~hen sM11 b~ oa fue or w~ndstan+ inwru~c~
pixad an sny of s+id buit~gs a+y in~enst tF~e~ei~+ o~ p+~~ th~rrwt, w+less ~M fwm u+d w~~h tf+~ bss paYabk: u ~fwes~idr and in tM svr+~ ~ny sum
ot mon~y baca~~a paYaW~ w+d.. such pdicll w polici~s s+id MORiGAGEE shall have ~M op~:on ro rec~iw and apply th. san+e on account o( th~ indtbred~
nes? secwal hsnby a w perm~~ said ~MORTGAGORS ro rec.:w and us~ it a any pa~~ ~i~ereof fo~ oi?+e~ Exrrposes, wi~hout Ifie~eb/ wai~i~y a~mp+++-
~ng anY pvit~i. lia~ ar right under or by virtw of this mo:s9age: and ~n ~M ~ven~ sa~d MORfGAGORS ihall fo~ any rsason f~il to kep ~M iaid pr~mises so
~nwred. or fail b deliw* prompNY +ny of said policK~ of i~swance ro sa~d MORiGAGEE. o+ fail ~Komptb w p+Y fu:ly any pr~mivm tht~sfw w~r? ~nr
re~pict fsil b pKform, disclwg~. wawtq ~ffM. ccmp~ete. cornply v~iih a..d a1wd~ by this covenu?t. a any put hereof, ssid MORTGAGEE m+y P~+c~ a^d
peY for wch Gquranc~ o~ u?y parl tM~eof without waivw~p w ~ffectinp anY optan, lieo, equity. w rigM w~d~r or b-~ ~r1rh~ of ~his Mat9+~e. +^d tM
fuu ~n~wrm of e~ch ~nd wety wch Wyment s~++ll bs imned'utely du~ and payable aod sh+ll I,ear interHt han tM d~t~ the~eof unril p+id ~t tM ~at~ oi
nlne pK p~twn pa imum ~nd topctner with wch interest shali ba securcd by the li~n of this mort~+pa
1. To QKmit. canndt u wffer ~+o waste, impairment w dc~criwatan of said propcrty w anY P+N ~he~eof.
5. To p~y ~II ~nd slnpul~r th~ coats, chupes u+d expa+ses. ~nc!udug ~ reasa~abk +~to~ney i fee snd tosts of abstracts of titt~. 4xwred w p+id ~t
any time by s~id MORTG/lGfE, becauis or ir? fhe event of ths fa;l~.re on the put ot the ssid MOStTGACsOR 1o dvly. promPtly and fully pe~fwr~n, dist~~;
executs. ~ffM. oo~npkt~. comply w~fh and ~b;de by each and every the sGpvla~ans, agree+~e^ts. cw~o~t~o~s. a^d oow^~^y o( s+~d P~°'^~ss~=-y ^of~ and thi~
mo~t9+pf anl? oI tithN. ud said cos~s. d++r9e+ ud expsn:r3, cach anei every, sMll be i+rrnedia~ely due u+d psyabl~: whethe. w not Men b~ r.o~~u dr
mand. ~ttempt to oolhcl or wit p~ndinys and tFw fvll amo~nt of each ~nd eve~y such p+~rm~m il?~II beu inter+st from the d+te tFwreof unt0 paid at tiw
ra~e o! nine pN centum pu usnum; and all said tosts, charges and cxpenses iawred or pa~d, togctF.er w~th axh intatst, sh~Q b~ setw~d by tht l'wn of this
mortga~.
b, T}wt (t) ie tM ~wnt of ~ny breach of this Mortgage or default on the part of the N10RTGAGOR, or (b) i~+ tM ~vent ~ny of s~~d suna of nwewy
htrein ~~hn~d 10 be ~W p~omptly ~nd fully p~id wirhin fhirty (30) days nexl after the same sevetaliy bKOn~ du~ ~nd payabl~. wifhout d~maod O? notiq.
or (c) tn tM event tach u~d ~wry the itipulations, sgrecments, conditans ar+d covenann of sa:d promissay note snd this mortpa~e u+y o~ ~iths~ are no1
iuty, promptly and fvlly p~rformed, d~scMrged, executed, effected, completed, c~mpl;~d with snd abided hy. tMn in eithsr w ~ny such wsr?t tFN said aQ~
~scM
gregate swn mq?tioned in aid prom~uwy nots then remaining dnpaid, with intrrest acuued, and all ma~tys sacvrsd. hereby. sMll becane dw u~d p+1h
eb:e forthwith, or tM~esha, at the opt~on of said MORTGAGEE, ss fvlly and complr~ely as if all of the aid sums of maKy wet~ or~pinally stipulated
ro be paid on wch day, anythirg in sa~d pro:n~ssory note or in this Mortgage to tbe contruy no~wi~hsqndiny: ifl~ tI1NfVp011 Of 1IItlNffN a1 tIM OPtiOA Of
sa~d MORTGAGEE, viritho~t notiu w demsnd, suit at law w in equity. thNefwe o? tlwresfter btgvn, n~r b~ pro~ecut~d u if all nansys sKVnd Mnby
hed matwtd prior f6 ib inititutioo.
7. T`.a~ tn th~ weet at rhe begiro~ing of or s~ any ~~me pr+d'ug ~ny suit upon this Mort9sge, a ro foreclos~ h, w w nfo.m i~, or w enfora
payment of any diuna hereunder. s+id MORTGAGEE shall apply to the Couh having jurisd~ction thereof for tM appointment of a Receiver, wch Cowt shall
forrhwith appoint a reuiwr of sa~ mortgaged prope~h/ all and sing~lar, ir~clud~ng ait and singular the incan~, pofita, iuues and rewnues from wlutw~r
:ource d~rivsd, each u~d ~wry o which. it being ezpreuly unden~ood. is hereby morrgaged ss ]f speufically set for~h and dewibed in fhi 9~anYug ~nd
habendvm davses hereof, ~nd wch Receive~ shall h~ve a.l the boad and effeaive func~~ons and powen ir anywiu entrvired by a Court ty + ReceivN. and
wch appointment shall be made by such Co~rt u~n ~dmi*ted eqvity ar+d a maner of absotute rigM ro said MORiGAGEE, and without nfennc~ to tM
adequaq o? In~dpu~cy of ti» vslue of the prope.ty mwtgayed w to the sotvency o~ inso~vency of said MORTGAGOR w tM defandann, and that svch
re~rs, profits, incane, issues u~d reve~ues shalt be applied by such Receiver accord~:ig to the lieo w equity of said MORTGAGEE and th~ practiw of wch
Court.
8. To duly, pra~+ptly s++d futfy perform, dizcharge, execute, effect, complete, comply with and abide by tach a+d tvery th~ stipvlationf, agr~~eri, -
conditara arwl oovenaots in said promissory note and this rt~wtgage set fdth. '
9. Thaf Fn ths event fhe ownership of the mwtgaged premises. a anY Wrt thcreof, becanes vest~d in a perwn othea M~n ihe MORTGAGOR. th~
~•~^R7GACsEE. in wccesson uid usgns, may, without notice to the MORTGAOR, desl wi~h such sucussor w sucussa in intere~t wi~h referaKe ro thU
m~rrga9e and ths tkW he?eby secwed ire the same marv+er u with Mw~gagw w~thovt in ~ny way vitiatug or dixhary'uq the Mwty~yors' (i~bility hert
under or upon the debt hereby sscured. No sale of the premises hereby mortgaged and no fat~e~wnce on tM part of th~ MORTGAGEE or it~ tuctess~s
or ass~gns u~d no extetnion of the timt fo~ tF+e payment of the debt he.eby secured g~ven by ~he MORTGAGEE w its wcceuors a usiyns, sh+ll operat~
to rNeas~, discharpt, rnodify thar?g~ or affett the orginal liab~liry of the M~ORTGAGOR herein, eithcr in whole or in pa~T.
10. It a spedficslly agreed rhat time is of the esu~+ce of this corurxt and that no waiver of any cbligation hereunder or of th~ obliy~tion sr
:vred hereby ahall at ~ny tirt~e thereafter be held ro be a waira of the terms hereof or oi the instrumeM ucwed I~rby
11. ln additron to the forego:ng monthlY paym'nts of princ"pal and interest required by the p?aniuory note secvred hereby, mortysgor town~nb
and agrees ro pay to mortgagee with each mo~thly pay.nent an add~~~onai sum est~n~ated by mwtgagee to be eqvsl to 1/12 of the snnwl tost ofthe follow-
ing:
i A-AO real property taxes lev7ed or assessed agair~st rF+c above descri5ed real estate.
8-Ptemiums on firo and windstwm insurance as here~n requ:red to be carried o~ the improveme~ri situate on ths above tksvibed premites.
C-Premiums on wch e+ort9age ywranty insurar,ce as mo+tgagee shall frorr. t:me to t~me deem fit to csrry on the loan secured hereby.
Mwtgsgee shall fran time ro time notify mortgagw ~n w.it~ng of the amount due and pay~bk hereunder snd such wm shsil thereupon b~ due and
~ c=yable on the due date of the next monihly payment and each successive month thereaiter urtil mwtgsgee ahall notify mwtgagor of a tnang~ in s~cl~
a-ount. $uch sums sha11 be +pp!ied by mortgagec toward the paymcm of real p~operty taxes, inswance p~em.w~u, and mortyspe pwr~fy insurance
premiums. . •
IN WITNE55 REOF, he ~d MO GAGOR has hereunto set his hand and seal the day a`J~ fint sfw~said. ~
r-,
SiprMd, Se~l nd d of: L+~j~' /i
~y cs..~
< ~ .c n-.~
..i ~ ~ ~,~_~Su4
rs..q
SiATE OF RORIDA ~
St. Lucie
~ou:~rY oF
Before me person+lly sppeared HL]go W FP~?A and
Elsie K. Fege his wife, to me well known and known to me ro be _
the individwb desuibed in and who eaecvted the foregoirg instnm~ent, and adcnowledged before me that they executed the same fw the porposes
rherein exptessed. /u~d fhe saiJ El s i e K Feye
rv~fe of ti~e sa~d HllgO W. FeV9 ~ vpon a sepswta ~nd privat~
exam~natan by me taken sep~rate and apart from her aa7d husba , adcrawledged to and before me that she executed said iratrwnent f?eely a~d volwr
~ar~ly and witho~t any compvlsion, constraint, apprehension, of or from her said M+sband. ~6
WITNESS my hsnd snd official seal thi ~ f December - p. ~9
i ~
~l1~~ ~
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Notary ubtit in and for the Staye of Fbr' at Lsrye
~ My Cornmission expires: 9 G~ -
Retum T~: •
First F~der~l Savmgs ~ lwn Association fy~r~aY,-' - - ~ - :G~
Of Fort Pierce.
I~IIY C;; , 9 1::03
~ Fort Pirrce, Fl~ids _ s:.~~~~f.::..._.... . _ : _,::~:ccZa-T
~ FILED AND RECOROED
;:Y:
ST. LUCIE COUNTY. FLA. ,
~ ~ RFrOF~ VE IFI . ~ • .
150~4~ ~ , . _ .
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'06 O~C Z PM 3 : 34 . : ' " , ~ ' ~
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CLERK CIRCUIT COURT i~ - BOOKI~O..~'. . ~
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