HomeMy WebLinkAbout0920 To plaa and continuoualy ke~p on ~Fw b~i~dWgs now or lweaf~ ~;rwa oe a~d 4nd and on aS~ equtpme~t ~nd p~.sonally covx~d by ~~is Maq~
p~, wi~h aU pr~miw,q tl~s~~a? p~~d in fu11, fu~ inw~anc~ a+ ~h~ ~+swl s~udud poYcy torn~, ~n ~ svrh a~,~woved by the MOR~GAGEE, ~nd wintts~an~
ln~wane~ h ~M ~nwt aandard pol~ey faen, in ~ w~n app~oved by eM MORTGAGfE; h ~ucA eaepany a ea~+aein a~ MORTSAGfE ~y y
dir~t x~d ail Pa~ and w~a~~n inw~anu poiKKS on any of said bviWu+~+. anr tntKN~ tMr~in or put tAe.wf. in tM ~pq.e9~ti swn atoretaW a~
Io ~:erss tlx~~of. sh~fl eonrs;n tM vtwl srandard eezorepapM dius~ u sueh o~M+ daus~ u th~ Mw~pyN n?~y .p~:n. ma?;np 1h~ Iwi w,dK saK! pol~ ~
u~s, each and we.y. payabl~ a said A1pRTGAGEE as ~n inrerest ma~ ~ppaar. a~d ~ach and ~v~.y +uch po~icy sMll b~ p.omp~H ass:9ned and delive~ed ro
.ny hsld by s.~d MORTGAGEE .s fw~he. ~scw~~y ro sa~d mor~paQ~ deW. snd. noe ku than ~(!0) days in sdvanc~ of ~M ~xp+r~tia~ c~f ~ach Po~KY. ~o d~-
liwr ro uid MORTGAGtE ~?enewsl therwf. ro~ahK with a nc~~pt fw the pr~enivm oi wd~ ren~wal; and d~~ shi,ll b~ no 1ir~ o~ windstwm inswanc~
pl~ud on ~ of said buitdi~+g~. ~y in~er~t tMr~w? a pwt tlwwf, v:•~c~~ tn :h~ fwm"~nd wi~h th~ loss pawbl~ as sforru~d; and in rht ~vsnt anr svrw ~
o( moewy becorewi payaW~ w~de~ wd~ polky a pol~cin said MORTGAGEE aAall Mw th~ op~ion ro re~eiw u?d appfy the sam~ on account o~ tM ind~Stad~ '
~+ess s~cw~d M«by a~o permi~ ia~d MORTGAGORS to recaw u+d ~s~ if p a~y ps.l rhrreol (a orhe~ purposes, w:~hout tf~a.eb~ waivi~g w~mpair.
in~ ~,y pv~ty, litn a?ght ~nda or by virtvi of ~his mors~ap~: and in tM tv~er?t sa7d MORiGAGO1tS shaD fw ~ny ~tason fail io keeo tM s~id pte?iua w
inswed, w fail b dN~vsr promptly any of said pol:cNS of inswuw ro sa~d MdRTGAGEE, a f~~l pro~+pty to pay fulh any pr~mium fher~fa or in any
r~sp~N tail q pKtoan, daclwg~r, ezeeut~, ~(f~ct, compl~t~. comply with and abid~ by ttiis tovenant, a~ny put kar~of, said MORIGAGEE r++ay plact ~nd
wr fa s~ch imw,no? a.nr p,.~ ~hereof wi~hout w+lvinp w ~(f~ctinp aev eP~ion. ~i~n. eqwry. w ~i~h~ u.dM a by vi.rw of ~Ms N1a~tpa~, and The
fu11 amoun~ of sach ~nd wery wch p.ymKU shan b. ~n+m.dutsy dw and par~bq .,,d ,h,q bsar ~sKas~ from rh. da» rhe~eot vaa pad a~ rM aa ot
nirn p~r cM~wn pe~ amum ~nd rogerl+er wieh sucA :nre.es~ slu11 b~ sen,nd by th~ !»n oi this n+ortpa~.
1. To psrmif, conr~it a wff~r no wutt, impainr~?t a dete~ior~t;on of said propatr w ~ny Fv~t thereof.
S. To pay all u~d sinpufa? th~.costs, chuqcs ~nd ~apenses„ indudirg a reasonabk anorney'a fee ud costs of absn~cts of titl~. incv?red o~ p~;d a~ '
~ny tim~ by said MpRTGAGfF, b~caus~ w in the ewnt of tF» f~ilwe on t!K p~h of the s~id MORTGAGOR w duty, promptiy and fully p~fwm. d:scAar9t, :
execute, ~ffsce. compkte, tomply with and ib:de bp ~ach and wery the stipulat;ons, sgreement~ tpditioea, u~d oovenants of said om~ ;
^+orty+p~ ~nY a e3~her. and sa~d cos?s. ch~ryes u~d eapc~res, saci~ ind every. ~11 be ann+cd~atet dw uid P` 'iOfY not~ u+d tMw
n++nd. att Y P+Yab1e: whe~he. o? n~t ths~~ b~ notici da
empt a collect a wit pend~np: and rM fuN aawvnr of .uh and every wcA parmsn~ sh,l1 be,. iroeres~ fram d.e d+re thereof vn~i1 paid at the ~
rare of niM p,e~ centum pe~ an,wm; and all said c3us, chu9es ~nd e:peeises ceKwred a paid, topether w~th wch inter~st. sh~ll b~ s~cw~d by ~M Iia~ of ~h~s
^'orep+p~•
6. TM1 in tke event of r+y 6rcxh of this Atatys~ or defwlt on the part of ths MORTGAGOR, a(b) in ths want snp of s~~d tums of ma~ey
herw? ref~.red to be not promp~y ~nd fuly p~~d wirhin ~lwty (30) days ne,ct ~fte~ ~he same severalty becane due ~nd payable. withou~ der~~d o~ notice,
o~ W in th~ everlt each ~nd ewry d+e atip~4tions. +9reeme+?ts. conditions uid coveMnts of sa~d promiuwy nw~ ~rwl tlas mortQays ~ny or eerher ue no1
ivly. proenptly and fulh patwmed d;sch~rged, eaecuted, efEected, compkted, canplied wi~h and ~bided Sy. then in eithsr o~ any such ~vent th~ s~~d ag
yre~M wm mentioned in s~id promiuory nete tha+ remainuy unpaid, with intcrest ~cuued, and all mwroys secured herebY. sh~ll become dw and p~Y
~ble forthwith, 01 iMlfN~fN, at the option of said 1NORTGAGEE, as fulty ard completely as if all of the said wms of money vrere pq;nally s~~putated
ro be pa~d on wch day, any~hing in sa~d promc:sory nwe a in ~Ms M.o.~gsge ro~he connuy no~wi~hs~snd~ng: and ~hereupon w thereafte. ~he op~~on of
u~d 1NORTWIGEE, without norice o. dem~r,d, sui~ at lavn a in equity, fhe.efwe or tF?ereaher begun, may be prosecvred u if aN mw~eya sscw~d hereby
had mstwed pio? to in instit~tior..
7. That in tM evee~l that at the beginnin~ of a ~t any fime pendirg aoy u:it vpon this Mor~gagq or to faecbse it, a ro?eform it, a to enfy?u
psyrnent of any daims hereunder. said MpRTGAGEE sh~ll ~pply ro the Court having jur~sdK~ia+ thereof iw the sppantment of ~ Receiver. such Cowf shaU
fatliwith appant a receirer of said mort9~ged propnty all and aingvlu, includ~og a:l and ~n~gvla :he income. profits, issues ~nd revenues (~om whatever
source derived, exh a.~d every of whKh, it be+ng e:pressly unders~ood. is hereby mor~gaged as if spec~iKaty set fa~h and descnbed in ~he 9.u.ting and
haba?dum ctavses hereof. u~d such Receiver shaq luve al! the broad and effective funcr,ons and powers in anywisr entn,sfed by ~ Court to a Receiver. ~nd
wch appointment shall be made by such Co:xt si an admirrcd equ~ry snd a ma~~e~ of absolure r:ght to sa~d MORTGAGEE, snd wirhout reference b ~he !
adeqvacy or irwdrquacy of the wlue of the prope+ty morty ed or to the sowency a inwfvency oi uid MORiGAGOR or the defenc+aets, and that such
rems, profi», income. iuues and revenues shsll be appGed~ such Rece~vr~ accord~ to the lien « equity of said MORTGAGEE and the puct~q of wch ;
Cov~t.
t
8. To duN. promptly and fut1Y P~~. ~ti+~. e:ccutc, ef(ect, complete, comply w~th and abide by each a~d evrry the stipu~ations, agree.nents, ~
conditara and co,renan» in said ~romissory note ~+~d ~his matgsge set farth.
9. Thst in the evem tl~e~ ownenhip of the mo.tgayed prcmisea. or ae~r psrt thcreof, becw„es vested in • pe.son orhe. than the MORTGAGOR, the
MORTGAGEE, in s~rcceuors and iuyns, may, v~nthou~ rqtice to ~he MORTGAOR, deal wifh such wccessor a wccessor in intereat wi~h rcfc~ence to thia
'"o~t9age +nd iF,e d~b~ hc'?ebY seu?red in tFM aame ma+mr u with Mwtg~go. w~thout in any w~y vit~aYug a dncharg~ng the Morr9agors• lis~ility herr
u~der or upw~ the debt hereby secured_ No sste of the Fremises hereby mortgaged and no fabeawnte on the part of the MORTGAGEE w its wcceuors
a. auigm and no eatcm7on o( tAe time fw the psymer+t of the debr hereby secured given by the MORiGAGEf a its succeuors p assigr», ,hap operats
ro releas~, dixharge. ~fy change a affect the wig'u~al Iiab:Gry of the MORTGAGOti hereiA, either in wtwle or in put.
10. It is spec;fically agreed tMt time is ot the es~cnce of this contract and th~t ra wsiver of -any obligatan herevnder or of the obligation te-
CLtlfl F1lfl~ fINII il My tlnl! thlfNftlf be held tp be ~ waive~ of the terms hereo( or of the unrrument.secwed herby. -
1 i. M add~tion ro the fwego:ng monrhlY paYmenes of princ'pal and inteiest requi~ed by the prom;uory nore secured fiereby, mortg~gor tov~n~nts
. and agrees to p~y to mor~gsgee w;th exh monthly payment an add~~iwu1 sum- esumated by mortg~ger to be eqva~ ta 1/ 12 of the annual cost of the fdk.w-
ing:
A--AIt resl property taxes kvied or assesscd agaihst the above described real estata
d-Prem;ums or? fire and windst«m u?sura~ce as herein requ~red to be orried on the improvements situate on tF~e above desaibed pre~n;ses.
C-Premiums on suth mort9age 9uarsnry i~surar~te as mwtgsgae sha11 from rime,to Y~me deem fit to carty on the loan secvred hereby.
Mutgsgee sh+ll from time to turk notify rr.ortg~gor in writ~ng of ttie amaum dve and payable hereunder and such wm shaTl therevpon 6e due u+d
payabk on the due date of !be ne:r monthly payrrKnt and exh svccessive month thereafter ~atil mortqagee sha1~ rqtify matgaga pf ~~hang~ ~
amount. $uch sums shap be applied by mortgagee toward tFK p~yment of real property taxes, inwrance prem:ums, and mortgage gwranty insvrance
p•emivms_ .
IN WITNESS WHEREOF, the said MpRTGAGOR has hereunto set his F~and and sesl the day and year first aforesaid.
snd ed i~the p?ese~ce of: . J
, -T t1-_i-~~. ~ ~/.~ti / ~
a
_ rs.~q
.
~--n
K-.n
STATE OF FLORIDA ~ ~
courm oF _ S t Luc ie
1
deto.~ .ne pe.so~ly ~ppeared - Pr i 4_ i 1 1 a F P AgP 1~ s wi d nw ~ a~
I+is-M?ite, ro me well known u~d known to me to be
the ind'nidwl~ desvibed in and who e:ecuted the foregoirg instru~nent, and adcnorvledged before me that S~ey e:ecuted the aame for the pwposes ~
therein sxpressed_ Md ~fhe ~aid..
~vil? ah~ .s~:d-
ta~w+inMiae-bY ~ NkeR ' ~~+'~~s ~?dpeiv~t~
sepw~te~nd-~part~ean ~+e~ ya+d-~hesband ~dcnewkdged~o-snd before-tne-tlw~sl+teice~vted-said-i~atron+~enr freel~-snd-~v~elorr
-+ariyr ~-~v:ti~ort~y-a«wprt~iow~cvnsM~iwtr ~r~F~s;~y. K~~u. ~-o~? fioR+-~-sai~J~r~+d
Wl1NESS my Mnd and offitiaf seal ?his 7~
~ day of vember A. D. 19~
l ~ -
Not~ry P ic in snd fo~ the Stare of fbrids a1 lu9e
MY iuan e~cp'ues:
Retwn Ta
Fint Federal SavWgs 3 losn /?ssociat~on , it
t~otar~ Public, St~te of-ila+d+6, 1971
or Fo.r P~~.«. - - • ; , ~9-
t ~;l , , ~ . N?y Commissioa ~xP~ c.:..rr c~
Fort Pierce, Fbrids , ~ ~
• ~
FlLED AND RECORDED ~ v~'. y~
ST. LUCIE COUNTY. ^LA. ~ ' ` ~s : {
f'nP.!? R;Ft~Q - - -
, . ,
, 162103 .
67 Nt~?1 28 Al~I 9: 45 . .
- :SC .
i:~
~.~1%•~1~~ ~ - -T
CLERK C RCUIT COURT ~K~~~ PACf a~~
r~ , . ~
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