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HomeMy WebLinkAbout2144 To plao~ and contirwousb te~P on th~ bui:d~nps now or hsreaftK wt.,at~ on ~aid laed ~nd on dl eQuipmenl and ptrsa~aih cov~nd bY tl+is i*ort~ ps. wi~h all pr~~wNns ~ha~on pa~d in fvll, fin k?w~anc~ in tM uswi sundard po~icy torm, in • sww approwd bY tM MORiGAGEE. ~nd w~ndstonn ~r,sur«+o~ in ~F• ~awl araeKla~d pol~cy fan~ .n a swn ~pprov~d by ~M N40RTGl?GEE. 6+ s~d+ canWny or aornP+ni~s a ~M N?01tTGAGEE a++y d~rec~j and aH fin and windswnn irou~ano~ po~icas a? any of ss~d lwiM~~p~. ~ny ~n~oa ~M.eie or pa~ the~wf, io fM sp~p~+~ wrn ~fas~aid or in •,ceea tlMnuf. sMll contain ~n~ vwal s~andud morr0ag~~ clws~. a wch aha clws~ as ~M Ab.~qa~ may repv~n. maW+p ~M tws w~ ~ad ~ol} c~es. ~acA and ~vtry. WY~bh 1o said MORTGAGEE q itt inrerest may appta?. and eath and every tuth poiicy sAall b~ ptomPtly au9ned ~nd ~live~ed W any !~{d by uid /AORTW1CsEE ~i fwthu secv~ity to said mor~psqt debt, and. not kss ~h+n t«+ (tp) days in advana of th~ ~xpi~a~an of ~ach policy. ~o d~- ~~ve. ro aid MORTGAGEE • ren~w~l tMreof. to~~ha wirh a~ecapt for tM p.em~wn of wch r~newai; and ~ha~ shail be ro fa~ w wtnditwm ioswu+c~ pl~c~d on any of ;~id b~ildinps. ~ny ii+tere~~ ehsr~in or psrt t1,r~eoF, v~ku io tl+~ fwm and w~~h tM bss payablt ~s ~fortrsaid; and in rM ~v~nt any swin oi nwryy beoon~s paysW~ ur~ wd~ policy or po~~s s+~d MOicTGAGEf shaU haw ?h~ optan ro rsceive and +pplY the sanw on +~:ow+l oi tl~a indeb~ed~ ncss ~scwed Mreby a b pennit said MORTGAOORS b ~eoe~w u~d us~ it a a~nl psrt ~hereof fa o~he~ purposes, witFw~t ~haeb~ waivi~g a~mpa'a- :rp any pu~ty, li~n or ripht und~r or by virtw of ti?is moc~epe; ~nd M ~M ~oen~ s+~d MORTGIIGOR3 shalt fo. any .~ason fa~l w keep d+e a~d p.~+n~ses so ~nsured, a f~il b d~liwr prompttr ~ny of s+id policies of inswanc~ w s+id MORTGAGEE, a fril promptfy to pay fulty any premiwn ~haefor w In ~ny ~espect fail q pafwn~, d~xhar~e. e:ecut~. ~ffect, complste. comply wiih M+d ~b~de by this cove~u+t, or +ny Put herwf, s+id MORTGAGEE may p~+c~ +•~d Par ~w wch inswanor or any parl ~hefeof w~~hout w+ivG+p or affadinp anr option. ~~au pu+~Y. w rgM w+der or by virtw of this Mortpap~. and tl+e full snww~t of sath ~nd ewry wch p~ymens shall ba irruned~ately dw and p+YabN +nd sA+ll ptu in~erest from th~ daf~ ~haeof unt~ p~id ~t tM raq of n~ne pet untum pN anewm and to~ether with wch ie?teresr ahatl be secured by the lien of this mortqape. ~ 1. Ta pamit, commit or wffK no w~sN. i~npairmsnt or dcterioratiop of sald properry w any part thc.eof. 5. To psy ~11 and si~gul~r tM costs. charpes a~d expeeaes, induding a reasonabk ~tto~nc;%s fcs snd costs of sbstracts of titk. incvr~ed o? pa'sd at any tims by said MORTGAGEE, b~cause a in tl+e ~vent of ~I+e failwe on the put of N+~ said JNORTGAGOR to duhr. praoPtly ~nd fvUy perfwm, dachar~ .xecur~, eifed, oompkre, comply with and ab+de by each ~nd every ~he st~putarions, agreernents, cond~tiona, ~nd oownants of sa~d promissorY not~ +nd ~hu mo.rfl~ ~ny or eitl+er. ~nd said cos+a. d~u9es and e:pe~?ses, each and every. shaU b~ inunediarely dve and payaWe: whether w not ~Mrs be ~atke da mand. ~ttempf to c~lkcf a~ wit pN~dng; and tM fvll amount oi e~ch and we~y such paYm~^t shall bea. intarss~ fran Ihs dat~ thereof until p~W af the rate of nim per eentum yer anwm; and all said cosn, ch~rges and eapenses incw~ed o~ piid, together w~th suc1~ intertat. tMll b~ secvred by the li~n of thi~ mort~~. 4. TMt W in the ~wnt of sny breach of this Mortgs~e or defwlr on tM part of the AIIORTGAGOR, or (b) in tM ~vent any of s++d sums of mon~y henin r~f~rred to b~ not pranptly and fully p~id wi~hin th;rry (30) days next afte~ the same seve~ally becomt d~e ~nd payable. without ds~n+ed a notke. or (c) tn tM ewnt ~ad~ and every the st~putatioeu, ~g~eemenn. cond~tions and coven~nn of sa~d pranlsswy note and th~s mat~sye ~ny or ~ither ~re no1 iuly, promptly and fvlly pafamed, discMrged, eaecvted, effected, completed, complied with and sbided by, then in e~thar or u~y svch ewnt ths ~+id p~ grepate wm m~ntar~ed in said promisiwy nok the~ remain'ug unpa~d. with INNl31 K~fuld. and all nwneys sea?red hueby. sh+ll b~cwne dw and p+y~ eble fwthwith, 01 tMlNftN. ~t ttw option of said MORTGAGEE, u fully ard compktely u i( all of the said sw~s of ma~ey vre~e ori9u++lly stipulated - to be paid on wch d~y, anythinp in s~id praniuory note o~ in Ihis Mortgage to the contruy notwiths~andiny: aed ~hereupon or thereaftN s1 the option of se~d MORTGAGEE, withoul notio~ or dem~od, suit at law or in equity, th~refwe w thereafrer begun, m~y b~ pro~ecutad as if all ma+eya ascvred hereby ned mstw~d p.ar ro in i~titvrion. - 7. TMt in tM eva?t th~t at the beginaing of or ~t any tirne pending any wif upon this Mo.tgage, w ro foreclos~ if, or ro rofom+ it, a fo enfaw paymcnt of any di~ns Aerew+de~, said MORTGAGEE shall apply to the Court having ju~isd ctioo thereof fw th~ appointment of ~ Receive~, s~ch Cou~t shall forrhwirh ~ppoint a nceiver of mwtpaged property ~II and singular, inctud~ng all and singu?u the incom~, p+ofits, issues and nwnues from whafewr wurce wrived, eacl? u~d avery~wl+~th, it being expreuly understood. is hcreby mortgaged u if specifically xt fcKth and dewibed in the pr~ntin9 u+d habendum dawss hereof, u+d such Receiw~ shalt h~w afl the broad and effective fw~ctwns and po.rers in anywise entrusted by a Cowt tq ~ Receiver, and wch appointment sMll b~ made by such Cowt u an adm~•red eqviry and a m+trer of absolute r~ght ro s~id N?ORTGAGEE, u~d without refer~nc~ ro the edequacy or inadeqwcy of ths vslve of the property mor~gaged or to ihe sotvency or ~nso~ve*~cy of said MQRTGAGOR a the defendann, and that such ~e~rs, profits, income, iss~~es and revenues shall be ~pplied by such Rcceiver xcordu+p to the lien or equity of said N10RTGAGEE u+d tM practia of wch : Court. 8. To d~ly, ~P~y a~d toty ~.fo.m, d-«~,a.9.,~ execute, effcct, co'nplete, comply w~th snd abide by each and every tl+e stip~btions, sy~eamenri, conditans and aovenants in said promissory nots and this mort9sge set forth. - 9. That In ths event the ownenhip of the mwt9aped premises, w any p~n thereof, bec«nes vested in a peraon other thsn the MORIGAGOR, t!» MORTGAGEE, its s~xus~o~s u?d assigns, may, v~rhout noricn ro the MORTGAOR, dcsl with such successor a successor in interest wi~h referMCe to thia mcngaae u~d the debt I+ereby secured in ths same m+nnxr u wi?h Morrgagor without in ~e+y way vif~a~inp w d~uM.ying the Matgsgon' li~bility her~- under or upon tM debt htreby secured. No sale of the premists hereby mwtgaged and no forbearance on the p+A oi the MORTGAGEE w its suttesson or essig~u and no eatensia? of the time ia the payrn~nt of the debt hereby secured yiven by _the MORTGAGEE or its sutcessors or assgns, sh~ll opatat~ ro release, dischuye, modify ch+nge or affecr the w.iginal liab~lity of the MORiC•AGOR herein, either in whols or in put. ~ 10. It is specifica!!y agrced that time is of the esxnce of this contract ar?d that no waiver of any obligaYan hereunder or of the obliy~tio~ sr ~ cured hereby shaU st any time thereaher be held to be s waiver of the terms hereof a of the instrument secwed herby. 11. In add~tion to the fwego:ng monthly payments of princ'ps1 and interest required by the p~om~sswy note secured hereby, mortgsgor tovenants and a9rees to pay ro mortgsgee w7rh each monihly payment an add~~ional swn est~mated by mo~tgagee to be eqwl b 1/12 of ~he annwl cost of the fol4ow- ing: ~ A-All real property taxes kvied w usessed agair+st tl~e above dcscr~bed real estate. - B-Premiums on fim and w:ndstwm inswsnce as herein requ~red to be carried on the improvements sitvate oo the above dew':xd premises. ~ ~ C-Premiums on such morfgsge guar~nry iruurancc as mortgagee shall from t~me to time deem fit to carry on the loan secured hereby. ~ Mortgagee shall from time to time norify mwtgagor ~n w.it7ng of the amount due and pay.ble herevnder snd such wm :hall tF?ereupon be d~e and - cayable on the duc date of the r~ext rtanthly payment and each successive month thereafter ur.til mortgagee shs~! notify mo~tgsgor of a chsnge in such- € ~ amouM. $Yth sums shsll be appiied by mortgagee toward the payment of real property taxes, insurance prem:ums, and mort9age 9wranty inwnnce ; l premiums. ~ IN E HE , the said MORTGAGOR has hereunto set his hand and seal the day and year ' t ~fo~esa" . ~ ~ g d iwrd in the presence of: / : • n ~ ~ _ - ,s.,q = i ~ STATE OF fLORIDA 1 ~ couNnr oF St. Lucie - i~ ~f~ 1fe ~~~y W H, 3tobaLiRh end LeDeen Stobeugh his wife, to me w.sll known and knawn to me to b~ the ~nd~vidwb describad in and who eaecvted the foregoing iaftrument, and ackrawkdged befwe me that they executed the same for the pwposes therein expressed. Md tfw said L8D98II StiOb8~t1 ~„~fe of th~ said W. H. Stobeugh - „p«, s separats u~d priva» i examinatan by me t~ken seps~ste and apart from her said hus nd, ackrwwledged to and befwe rn~ tnat s}+e executed said irotrument freely and aolurr > rar~ly and withovt ~ny compubion, constraint, apprehension,~eu of or from her ssid husband. # tiv~rNESS mr ~~a .~a ~-w.~ x.i ~tiK /.R' - d,v ,r December A. D. 19 66 ~ ~ ~ ~ _ ~ C~f Notsry Public in ~snd for the State of Florida at lups - i ` My Commiuion expires: ~ Retwn Toe First Federal Ssvitgs d. loan Association ; ~ Of Fort Pierce. ~t~ P~, sbk J} ~ ai ~tqt ' ~~t~ RECORDED ~Alr Couuu'sssion Expires No~. 3, 1469 ~ UC1~ '~OUNTY FLA• ie~Md ~1 A~r.t~o F~. a:',.,ti.t,~. ST• ~ R1F1ED ~ " ~ ~;~!;~2:,~ ~ ,,ti~'~, • ~ ~ . ~50821 _ ~ ~ ; 5 ~;~1 10 : ~t 1 . _ = ` ~ ~ ;r'.Y ~ ~ '66 DEC ~~,~C = ~ - ~7'~s~u~- : • . ~ i : ~~,~i~ `'S RT - , ' CLEf~K CIR:.l;17 C4U T~; •.....••9 800K °ACf J~ ~~~'~J:,,~;: ~ , ~ ~ ~f. 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