HomeMy WebLinkAbout2047 To plao~ ~nd contiiwously kMp a? th~ b~ildinps ~ow o~ hu~ahw wt~~N on ~W i~nd ~nd a+ all ~qulpmMl ~nd pw~lly oownd by th4 narq~
.s~~, with all pr~miums fhneo~ p+id in f~ll, tu~ insw~mc~ in tM ~sual stand~rd policy forn~. in ~ awn approwd bp tM MORTCsAGEE. and wind~torn~ :
~~wr~ in th~ uswl uands.d policy fo?m. in ~ ium approv~d by tlw MORiGAGEE. 1n such ca~W~^y o~ ao~pan~M a tM MORiGJ1SiEE ~y ;
d~rcc+: and sU fin u~d wind~an++ i~auraea policie~ on ~ny of s~id build~npt, ~nr intN~at tF~~ie a pwt tlw~wF, {n tM pyrpa~~ awe ~forMaid or i
in •u~a ~Fw~of. sMll oonain tM uswl srandud mo~rtqs~ ela~ a ~veh atwr daw~ u_ dN MappN en~Y h4uin. nNkinp th~ Iw~ w~ uid poli~
cies, e~ch w+d ~wry. WYabl~ ro~aid MORTGAGEE as iM inters~t en~y app~w. ~nd Nch and ~wry weh Polity ah~ll b~ promptly qs:9~ed and d~liwnd to
.ny hsld by s~id ~WORTGAGEE a furtMr s~wrih to s~id mwtpa~ debf, snd. nW I~ss than ~e~ (10) day~ In advu~a of tM ~xpi?~tion of ~ad~ Policy. ~o d~
I~~er ro s~id MORTGAGEE • rer~w~l tl+~hof, wps~l?K wGh •~ec~~pt tw tM premium of wd~ r~n~w~lt and thK~ sMll b~ oo fin w wlndi~an? imw~na
plsced an ~ny of said bvild'a~ps. ~ny inta~si tMr~ie w p~n tFMrwf. unl~ss io tFw form aod wi~h tM Iws payabN u afonwidj +~d in tht ~wnt ~e~l sw~
of mon~y b~oon»a p~Yabl~ w~dK wch polky a polic»s siid 1NORTGAGEE shall Mw tM optian w nc~iw ~nd ~pply the s~m~ a+~ +cco~M of th~ 4~d~bt~
ness •acwed h.r~by w fo PKn?7f sad MORTGAGORS ro noeiv. a+d we N w any pa?t tMreof fw other pwpwa. wi~hout thKeby waivinp a imp+ir-
ing any eq~rity, lis~ or r'~yht ~nda or by virtw of thit mortps~t ~d in th~ ~wnt said MORTCs/?GORS sMll fa ~ny n+~on f~l) to kNp tM a+id pN?+isN w
~~:u.ed. w f~i) to dsliva promptlp any of said policNS of tnswanu to said NtORTG/1GEE, or fail pranprly ro p+y fi,lly •ny p..~+~~m tlw~fa a in any
respect fail b pNform, d'isth+ry~. ~a~cut~. ~ff~ct. eanplet~. tompy with and ~bid~ by N~is eown+et, w+iW P+A hKwf, said MORTGAGEE ~y p~~u and ,
pey (or ~uch inwranc~ or any part thKeof without waivlnp w ~ff~ctl~p +nY oPtia4 ~i~n. pvib, or ~ipht undK a by vinw of thH Mo~p~. and tM
f~n amow?~ of sach .nd .wry wd~ plym.nr shall b. immsdt~nly du. and pay~bl..nd ~h+ll b.u innna fran rh~ d.r~ ~Mnof iMril p.W r tM n» oi ~
~;ne per antwn pK annum and topethx with wch Interest ihall be ~etwed by th~ li~n of fhts nwrfppt. ~
4. To pt~mit, oomn?it or suffer no w~st~. impaument a detKiowtion of said p~op~+ry a+ny parf thenof.
S. 1o pay all ~nd sinpul~ th~ coari, chuqes and sxpens~s, includinp ~ n~wn~bh ~nwn~Y's f~ and oo~n of +baN~ctt of iNl,,; incwnd w pald N
any tims by said lNORTGAGEE, Mcavse w in the ~wnt of ths failur~ on th~ pwt of 1M saW MORTGAGOR lo duly, prompth? ~nd tvUy P~?fwm. dischar~
execute, effep, complete. oomply with and abid~ by ~ach and every the ~tipulations. ~~em~~M, ~a+ditiar, u~d oovM~nM oi said P?on?i+wrY noh a~d thi~
morfgaye ~ny or eirha. ~nd said cwts, clwr~ ~nd ~xpens~s. each ~rd ~wry, sh.n b. ~+.d~ar•y dw .~+d wyaa., wh.~h.. a not tMn b~ notia dr
mand, ~ttempt to coll~ct or wN pMdinys snd tM full ~nt of esch aod rwry wd~ p+Yen~nt ahall bea~ tntKpt ftom IM dat~ tMno1 witil p~ld ~t tM
ra~e of niM per centum per ~nnum; and all said costs, char~a and exp~nses inu+rrd w paid. ~op~tlwr with axh InNrNt. ~hall.b~ wtund by tM li~n of thi~
morty~. • ,
6. TMt tn the event of ~ny bresch of this Matpap~ a d~fault on Nr put of ths MORTGAGOR, o~ (bI tn tM ~wM ~I of u1d wnN d nwMy 1
herein refened to bt not promptly and fully paid within thirty (30) days n~xt aher th~ s+m~ s~wr~ly b~tan~ dw u~d payaW~, without d~mand o? notit~. ~
or (c) in tM ~wnt each ~nd every ths stip~rla~iaw ~yreem~nts, conditiona and coweanb of s~~d promissay ~M a+d this nartpap~ ~ny a NMwr ~n ia1
iu~y, pranpty and fuly pKfwmed, dwcharped, eaea,t~d. ~ffeded, comPl~t~d, compli~d with and abid~d ry. tMn in ~itMr w u~y wch w~nt tM wid aP
gregare wm mentioned in said prom'~saoty noM then remaininp unpaid. wiM inttr~st atuwd, ~rd dl nan~ya Ntund. Mr~by. ahall b~ooeN dW and p~Y~ I
eble fo~thwitly w the~~aRer, ~t tM opt~on of said MORTGAGEE, ~s f~lly ard compl~tely ~s if all of tM said sw~ of ma»y wK~ orqUa~~Y at~pu~al~d
ro be paid on such day, anythinp in sald promissory note or in this Mortysye to the connuy notwitlata?dinpt u+d ?Mn~Pon a? flwnaftw N~he option of
se~d MORTGAGEE, witFaut not~oe w dem~nd, suit at law a in p~ity, ther~for~ or tha~aft~? bpvq, mar b~ praNwt~d M lf d~ motwy~ NOw~d l~bY
had m~twed pnor fo ib imtitution.
7. Th~t i~ the event that at the beginni~g of w st any time perd'inp any wit upon this Mo.ty~pe, ar to knclow k, ot to r~fam h. o~ fo ~nfww
payment Of any daims herevnde.. ~aid MORTGAGEE shall appy to th~ Ca?n Mviny jwisdidion thenof fa tM ~ppoint~M of ~ RKaiwr. wch Coun shd~
for~hwith appoint a ~eceiver of sai~ mort~aged property sll ~nd sinpolar, indud~rg all and tirgular tM i~xorn~. ptofit~„ 4~w~ and nv~nw~ ~tan whattwr
source darived, each and every o# whKh, it be~np ~xpressly understood. a hereby matp~g~d as if sp~cifiully wf forth ~nd dNOrib~d In thi pantinp and
habendum clsuies hereof, and such Rscsiver ihall Mve all the broad and effettive funct~ons and powKS in ~n~ ~mrust~d by a Coun t~ ~ R~aiwr, ~nd
s~ch appantment sF?i11 be m~de by wch Couh ~s an admitted eq~ity aod a m+tta of ~bsolut~ ri~ht to wid MORTGAGEE, M~d withoul nf~nrK~ fo tM
adequacy or in~deq~scy of the value of the property matpsged or to the soNaxy or insolrency of f~id MORTGAGOR a tM d~fN+dants, a~d that wch
re~rs, profin, incorne, iuues ~nd revenws sh~ll b~ spplied by such Receiver ~ccwdinp to th~ Ikn or puity d aid MORTGACsEE and th~ pactio~ of wch
Court. ~
a. ro d„ty, a~«~~ry .~+a ~,iN ~.ro.m, a~~.~., execwe, effect, aomP~et~, oo~r ~rh •~d sbw. by .ad~ and w.n? eh~ s~+~wnom. +yn.m.~a.
cond~r~ons and oovenaets in said prombsory nots snd this monysge tet forth. '
9. That in tha ~vent the ownership of tl+a mortgsped premae~, or ariy part tF~eof, beaonws watd M a pwson oth~r th~n tM MORTGAGOR. tht
M,ORTGAGEE, its wcauors +nd usiyra, m+y, wi~hou~ noiue. to the MORTGAOR, dsal with ~uch suttM~or a M~p~qor ie &~t~?Nt wHh nfKM~q to thb
mortga~e ~nd the debt he~eby secured in tM sams mamer +s with Mortgagor without in any way vitiatinp or d'atharpinp tlw Mwtpapor~' Ibbility Iwrf
under w upon the debt hereby secvred. No ~ale of the premises hereby mortysqed u~d no fwb~arana on th~ put of th~ MORTGAGEE a ift woon~on
o. ass~9ns and no extens'wn of the time fw the payment of the debt Mereby setured piwo by the. MORTGAGEE a Hs woottwn or miptM, ih+ll op~at~
ro release, discharye, modify change or affecl the aip~nal liability of the MORTGAGOR Iw~~in, ath~r in whols a in part.
10. It is specificaliy ayreed tFwt time u of the esse~ce oi- this contwct and th~t ~o w~lvN of aiy oblip+tan Mr~r or of th~ obllp~tion w-
cured Aereby shall at any time thereafter be held to be ~ weiver of the temu herwf a of th~ inttrwn~nt Nax~d h~rby.
11. In addition to the fwego:ng_monthly payments of princ:pal and imerest required by the promit~wy not~ sec~nd Mnby. mofty~yo? aow~aMf
and agrees to p+y to mortgagee with each monthly payment an additional sum estimated by mwtpaye~ to b~ ~qwl f0 1~12 of the anrwal cMt of ths fOllOw-
ing:
A-All real property faxes kvied w+uessed against the above described resl est~te.
B-Premiums on fire and windstorm inswante as herein requ~red to be urried on the lmprowmentt iAUat~ on NN abov~ d~wibld prMnhp. -
; C-Premiums on such mortgage guaranty inswance as mortgsgee shall from time to time de~m fit fo urry on fM loan ~ecvnd hereby.
Mbrtgagee shatl from time to rirtee norify matgagor in writing of the smount due and payable Fw~eunder ~nd suth avm shall fMrwpon b~ dw ~nd
i payable on the due date of the next monthly payment and each successive month thereafter uMil motfpapN shall notify mo~fgapo? of ~ dwnp~ in t~d+
aTount. Such sums shall be applied by mortgagee toward the psyment of nal property taxes, fiuunncf ptemiums, and morip~p~ ywraMy Inwr~nc~
4 premiumt.
E IN WITNE55 WHEREOF, the said MORTGAGOR has hereunro sN his hand ud s~al the daY snd y~u fLst ~fap~ld.
~ Sip lad ~nd ed ' tM presence of: ~
/ ~ ~
• 4 ;
n~
,
1 SFAL)
~ATe oF ~oai~n 'as rus ees o _ rien s p Miss-
cour,noF St. Lucie ionary Baptist Church
eefon me ~e~w~s~~y ~~earcd H W. 'r+?hite Pastor CZifton '+Jhitaker Lonnie ~~sh P~ t
i ie Richardson and Milton Owens. as Trustees oP- lss ~o ar ~~a ~ s~l~a,ch,:
rhe ~ndividwb described in and who executed the fore9oinp instrument, and acknawledped Wfon m~ tMt ttKy tx~artd tM ssm~ fw th~ pwpos~s
rh~rein enpressed. Ani-flw s~id
,N+fe- of -dw s# ' ' ~Po~n t sa~snatrw~P?hn1~
x~w~o+tioo b~ ww takew ~e*arate~ww~ ~i~w iai~ Iw~b+r~.-~elcwowkrged~-ts enr ~afs~t n~rt1~M ~ht txewted~ s~id inMnrn~enMredr-and voker
sa~.il~a and-witlarf-awy-Miwp~4i~wrMwd~inb ~nhe~a~flar ef-or 4ren+-Her-s~id 1*~ndr L'
WITNE55 my Mnd ~nt! official seal this ~ day of A. D. 19~SL.L
- _ Notary Publk in ~nd for the St~b of Florida ~f l+rp~ :
~ My Canmwan ~xqns.
RNum Ta ~ ,
:
Fint fvd~ral Savin~s i loan /lssotiation i:;..... ~ P11~[. S~! Of HOfldi ~t (~9!
s r~~,. C~
' Of Fort Pilft!' ~ ~ - ~r ~p +q'. 23. 1965?
. foft Pierce. Fbrida "•y : l'' ~••eN ~r A.«ic«i Ftw f cawl~~ C~
ANp RECORDEO , r~~ : > ~ ;
O , _ -
f'l UCIE ~~UN~' F~ ' ; : _ : i-° :
97. L VERIf1ED = c= ~
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- REC4R .G
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, ~~RK C RCUIt COUa~ BOOK16c~ PACE~O
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