HomeMy WebLinkAbout1114 : ~~-jU . -
Z. To ptaa ~nd oontinuouslY kNP oe th~ buildieg~ ~w+w a 1NrNh~r ~itwb on ~aid land a~+d on ~Ii ~qvipnwM ~nd pKSOe~lly oownd by tAb nwrlo'
p~, with all pruaiw+~A tMnon paid in fv16 fin Maw+na in tht wual ~t~nda~d policl! fan~. ~n ~ wn? approwd bY th~ MORTGJ?GEE. ~d wk~dttonn
Y+.w«+a M d,. wwl uad+.d Po+icy fona in •.w++ ~owowd b~r th. Mort1GI?csEE, in wch oo~rip~nr a ooman~« « th. MtMTCsAC3EE nup
dM~ct~ ~nd ~N iin ~nd wind~to+m Ha~xana PdiciN on +nY of ~aid buiMinp~. +~W InNrat tMrtin w pwt tMrw1. In ~M apprq~t~ wn~ ~tora~k a
M~~ Nwn~f. ~hsll aonrain tM wu+l atandard n+or~O+pM tla~at a wsh ahK dww a tM MortypN m+l? nqi+i~ ~1~ ~M Iw~ w~ aid poli~
dw ~.nd wKy. Wyab1. ~o aaW MORTGAGEE a in Mr.hat may ~pp~. wd ~acl+ and ~wry wch poUcr ahall M p~on~pty a~s:pn~d ~nd ddhrK.d a
anr MW by Mtd MORTCs/1GEE a furtha ~euritp w wW enortp+p~ d~bt. u~d. ta~ las M~n t~n (1d! day~ in ~dvana of tM ~xpk~tion of wef~ PolieY. to dr
Uwr b wid MORTGACsEE ~ nMwal tAsrwf. top~~Mr with a naipt tor tM pn~niun+ of wd~ r~walj and tMh ~Mfl b~ ro fin a windstwm Maunna
pl~pd on ~r d~aid buildM~p~. MMI intKN1 N+~nin a pWt tMrrof. vnlaa In tM 1am'~nd with IM (ws p+y+We as afo~~id~ and in t!y ~wM aey w~w
of n,on~y b~oo„MS p~y~bl~ us~d~? wch polky a polici~s uW MORTGAGEE ~11 Mw tM option a naiw and apph? th~ w~ a? +ooourN o~ 1M M+d~W~
np~ Mcw~d h~r~by or q p~nnit wW MORTGAGORS to ?~aiw ~nd ua M a any p~rt N?enof fw o~he. purpoaa, wi~hout tMrab~ waivin~ a imp~ia
Mp a~Y ~~1?. Il~n a riphl u~tMr or br virlw of tNs mortp~p~l and In tM twet Mid AAORTGI?GORS ahali fa ~ny naton fail to kNp th~ Nid pr~+niwt w
rmw.d a f.n a d.itw v?a~N .~n? of .aid po~~da ot t~.~o. ro s.rd NwrttGwc~. o. ta~i ~thr w P.y r„ih +M? w«++~ ~n...ro. a~ a~+r
n~p~tf fd) b p~rfotnl, dbd~arp~ ~x~cuf~,. ~ffK~ oanPlN~, comp~l? with and aWd~ by 1Ns CovM~+nt, or u~y p~rt hN~of, s~id MORTGAGEE nyy plao~ aed
P~r fa wd~ inw~~ w an~? prf tFwnof without w~lvino w aff~dinv +eY optie~L ~Nn. ~qui~Y. a ripM w~d~r a b1/ vGfw of this Map~p~, ~nd tM
iull amovM of ~ch ard w~rY wd~ p+yn~uM tb+ll b~ ~+td1? dw and py~bN and ~Mil b~n kN~wt fran th~ d~h tl~~of until p~id a1 th~ ?aN o1
nin~ PK a~n~ww P~t wrwm ~nd wp~tMr wNh wd intan~t sMll be wc~e~d b'Y 11~ li~n of tl~ ~wo~rqap~.
1. To p~i1, oomdt or wffu ro w+~M. Mip~i~~wr~ or dnaioation of s~td propwty ar ae1? put tM~wf• ,
~ 5. To pay dl and ~iepular tM~oost~„ elw~e +nd ~:P~s~s. indudUg a naon+bM mom~y's fa ~nd oosb of abatraels of titl~, kKwnd w paW a
any tMn~ by wid MORTGJWEE. 6Kww~ a tn th~ ~wnt of th~ f~iluh on th~ p~rt of tF~ aid MORTGAGOR b duly. ~b .~d fu~M ~or~n. d~?
uncvt~. ~HM. aompiet~ aomplr with and abide b~? ~ach and ~r tM stipubtiora, apn«rient~, ooodNiora~. snd. oown~MS of ~aid pranisfaY e~oq +i+d tN~
morrp+pe +e1? or ~i~Mr. and said oosn. dwq~ and ~ap~rre~, ~ach and wKy. ~11 b~ Mnnwdia~ely dw arwl p~yabl~i wMtI+K a nw Mth i» naid d?.
m.nd. +tNn~pt to ao1Ma a wN p«+dH~pj and th~ fi,ll ~nwu~N of ~.ds and way wd+ P+rm~nt ah~H b~ai int.r.st from tM d~a tMrpf vetil p~id at tM
raN of ew» pN oentum pK wwnlt ~+d ~II said obst~ d~s +^d ~xPM+w+ htwnd a p~id, Iop~1Mr with weh ~ ~IwU b~ Nour~d bp-tM li~n of this
nwr~p+pw
~0. That W in tM waM of ~ny baacA of N~is AFaqp~ or ~fwh on tl+e pet of th~ II~WRTGJIGOR. w(b) in the ~wnt ~rry of wid wms of mor~
IwnM nf«nd a b~ na pow+pthr and fuly p~id within th~rty t~o) day~ rnxt afta tlr sarew s~wally b~oonw dw uid piy+bM. wNhou~ d~n+nd a~ke,
w W N tM w+nt ~ad~ ~nd w~ry th~ stipul~tioM. +pnanai». aondirions and cav~nts of sa~d pron~iswry rwt~ and Nws morpp~ anp a ~iNw an na1
~Y. P~P~~Y ~ wW P~ore~1, disd~atped, uc~arbd. ~ffittad. compb»d. oa~li~d with and abided 4y. th~n in ~ithN or u~y a~ch w~nt 1M said a¢
prp~N wis m~ntiaMd in said promiaory noh tMn ~?+ininp unP+id. witl~ interost aouu~d, and ~ii mo~ys acw~d hereby. ~I»II baooew dw and WY~
~bb fonAwid4 a tlwwft~r. at tM option of ~sid MORTGAGE~ u fvlly and canpl~ah? as N~11 of tl+~ wid wea of moMy wa?~ agin~Uy ttipvlat~d
ro b~ piid on wch d~y. +nythinp h said p.omasory iwt~ ar in fhis N~wp+pe a th~ oontrvy nawirhs»nd'a+pj ~nd th~reupoe or Nw?eafb? at tM option of
aid MORTGAGEE. without notio~ w d~m+od, auie at I~v w in p~ity, tMr~ton or tl~safar bpun~ m~y be prowcw~d a if ali rnon~ys ~wnd Iwnby
l+ad nwhK~d pio~ M ib iratitutioe.
7. ihit in tM ~wnt that ~t th~ b~yLn+inp of or d aeY ~ Pe~~ +oY wif vpon this Mo.t~ap~ ar to foncloa k, or, to nfwn+ it, a to Mfwa
WY~~ of ~ny dakns he?~r. s~id MORTGAGEE sh~ll ~y to ths Court hsviny jwisdiction thenof fw tM appantrmnt of ~ R~ceivK. wch Couit ~11
(o~tliwilh ~p~wiM ~ nceiwr of said matpap~d prop~rty ~II and tirg~l~r, irKludug all ~nd sinp~,lar ths inoom~, profits, kwes w+d r~wn~es from wlutwN
w~xa d~riwd ~ach and ~very of whrc1~. N bsinp ~xpressly w~d~ruood, a haeby mo~t~+y~d a if sp~cific~ly set forth snd d~wibed in tM praminp and
Mb~ndwn claus~s lwnof. ~nd wd? Rso~irN shatl lww ~U tM broad snd eff~aiw funcuo~s a~d pow~a in ~rwi~a ~husted by a Caht to ~ Reoeiwr. ~nd
wch ~ppointm~nt tMU b~ m~M by wd~ Covrt u ~n admined puiry u+d a matta oi ~bsdwe ~gh~ b s~id MORTGACsEE. and vdtha?t f~fNMCf 10 th~ _
adpu~cy or {ndpwcy of tM v~lw of the praperty map+ped or to the soNency a insotvency of i~id ~IIIORTC,AGOR a tl» d~fee~dants, and tFwt wd+
renrs. profib, inopme, issu~s and r~wnues sh+ll b~ applid by such R~aiver acoord'u~p to th~ lien a pJ~~of s~id NIORTGAGEE aa! ths practia of such
Court. . .
a. To duly. praePNll and fully p~riam, dbch~r~. ~x~. ~ffect, aonpkt~. oomplY with aod abid~ 6y ~~iid ~wry tM stipul~tioro„ +On~m+.
eonditiona and aovenanla in said promasory not~ ~nd this enorep~ set forth. .
9. That in th~ went th~ ownHShip of the awrtyaped premaa. or +ey put ti~eof, beoanes vestid in a pKwn otlwr tMn the MOitTGAGOR, th~
MORTGJIGEE, hs wooes~as ~nd ~ssipns, m+y, wi~hovt notiu to the MORIGAOR, dsal with such succeswr or luccessor in interest with refer~nce to this
mortpap~ and t!» debt h~reby s~ared in tM ssn~e marr+et s with Morryapor wi?law in ~ny w~y vitiatieg a discharpinp tF» Mort9a~ors' li~bility h~re~
unde~ or upon ths debt hateby secvred. No ssl~ of th~ p.emiaes haeby mort~aped a~d no fabear~noe on tM pan oi tM MORiGAGEE w in suaesso~s
w as:ipns wd no ~xteroion of th~ tims for th~ p~yment of the deb~ Mr~by saan~d ptvsn by tFw MORTGAGEE or i~s woo~ssora or assipra, ahdl opa~t~
ro r~as~. fiadw~. n+odih cA+nO~ or affect the wipiml li~biliry of tM AhORTGAGOR F~ue'r4 eitlia in wholt a M pvt.
10. h is sp~cificslly ayre~d thit tim~ h of the essenc~ of this oo~twct and th~t no w~iwr o# a~r oblipation Mra~nder a of t!r obliyation ia
cw~d I~nby sMll at ~ny tint theraaftu be IKId 1o be ~ waiver of the N~tm hsr~of ot of th~ insnuen~m tacwed lwby.
11. In addition ro the foryo:ng monthiY WY~+n+ts of princ:p~l and inte~at requi~ed by the promiswry note secured hereby, maty+por oowM~b
~ snd apras ro p~r w mo~qap~~ with ~ad+ moethlY Wrment an addirion~l s~xn estimated bY morty~e ro b~ ~qwl to 1/12 of the ~nrwsl oost of th~ follorv-
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A-J111 real property tsaes levied or assessed a~simt the above desuibed resl estaro.
6-Premiums on fire snd windstorm inswanae as herein requ:red to be arried on the in+prowments sitwro on the ~bove desoribed premises.
I C-Premiums an wch mort9sg~ 9vannty insurance u mwtyapes sh~ll irom time to time deem fit ro cury on th~ ban secvred hereby
M~orty~pee sh~ll from tune to time notify mortgagor in writirg of ths an~t due ~nd payabt~ haMx~dsr and wch wm sh~ll ther~upon b~ due ~nd
paYabb on tM dw date of the neat mor+thly payment ~.~d each sucaessiw month thereafter ~ntil mortya~s~ s}wll notify mortgsyor of • chsnp~ in such
amount. Suth wms shall be applied by mort~apee toarud the p~ym~at of real property t~:es, inwrano~ prsmiums, and mortysy~ guaranty insurana
Premium.
IN WITNESS WHEREOF. N~e sad lY1atTGAGOR has hereumo ~ ha h.nd snd s~al ~i+. d.r and y.ar finr .f«wid.
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STATE OF FLARIDA ~ _
St_ Lucie
~ ~ ~„~,~w ~ James L. Peterson ~ ~„d
E~urethe Peteraon M,;f~, b „a ~.n ,~a w +o
eh~ kwfivfdwb dssuil~d In and who tx~cvt~d tM for iroaueewnt, and aeknowledp~d befan mt th~t N~y ~:~wqd tM ssms for tFn pwpoas
~ ,y,d ,M ,,;d ~urethe Peterson -
,,,,,f. 01 th~ Mid J ame s L. P e t e r e o n ~p~n ,,~~h ,i,d pri~„~
e:Nnination by n» tak~n ~epsnte and ~part from !w ~aid adcnowbdped w~nd befon m~ Mn she ~xsad~d s~W instrum~m fn~ly ~nd volur~
t~ily and wifhouf +rpr oompu~sion. oo~stririt, aPW~a ar of or from ha srld huiband.
w~rNESS n~? twnd .~a off-,wl thk o10? d.,, S tembe A. o. ~v~
' ~
Not~ry Public in and fw th~ St~te of Florida at l~r~ -
MY Commission expirYp~a:~~~
RNu.n Ta "Yw+l Pu6~t. State q~j~ n 1.___
wst F.d.ral Savligs a toan Asweisson - . •~~r~
of Fon P~. M1r Co~wission Exp'aes Nov. 3. 1969
Fort Piaoe, fbrida EO ~0 y r!rnc.. ?ra ~ ro:
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