HomeMy WebLinkAbout1253 To plac~ ~nd caui~wiovsly ke~p on d~ build~nps now w nsr~att~r situat~ on sa~d ~and and on all equipn~st and pa~onally covN~d by this ~a?t~
~q~, with al) p~~miwrq tAe.ton pa~d in (u11, t'a~ inswu+q in N» uwai tundard poticy fo.m, ~n a swn approwd by tM MORiGAGEE, u~d w'v~t~arn
iniwane~ In ~h~ wwl ~~andard pol:ey fara, in ~ s.we ~ppeowd Ey tM MGItTGAGEE, in wct~ eanp~ny o~ ev~np~nie~ u~ht MORIGAGEE ~y
daMj and all fin and w~wnn in~wanc~ polici~s on any O~ M~ bYi~i~~ M1y 4?tt~H) tMtti~l 0~ put tIMt10~, in th~ ~~q.pu~ w~+ ~forctiaid a ~
In esoess ~Aonol, sAall eonrain th~ uwaf standxd ~awtpa~s~ e4vs~ a such aMr cl~„~ as tM µortyapk maY nq~u~. en~kinp ~h~ loss u~xla ss~d po1E
c~. ~ach ~nd ~wry. paYabN b aa3d MORTGAGEE ~s iq intKest msY apptar. and tacA ~nd ~very iuch policy ~hall b~ promptly asiyn~d u~d delivKed M
~ny held by aid MpRTGI?GEE as fw~ha secwiry ro said maqpe debr, and, ~wt lesi tlw~ t~n (1~ day~ ~n ~dvanc~ uf ~h~ ~xpiraion of ~ poiky. ~o dr
17v~r ro said MOR~G/?GEE a rauwal tM.eof. toq~rF~a wiih a ~ec~~t fa the premium of wd~ rsn~walj and ~hK~ ~II b~ ~o f'u~ or wi~ds~am in~wa+c~
pl~ad an ae?y d sa;d build'ags. ~ny inh~at MaeN+ a put thawt. vnt~u in d~ (onn'~nd wi~b tFK bu p~y~bN u afw~aldt and in rht ~wM aay swn
of moe»Y~,ecoen~+ WYaW~ w~der wd~ pdicy or polici~s said MORTGAGEE slwll Mw Me optian b noeivs +nd apply t1» su~ an +aoun~ 01 ~h~ ind~bad
n~u s~cvnd t~eby o+ te permit aid MORTGIIGORS ro receive u+d use it a~ny pa.t ~her~o( lo. o~her purposes, w~~hout t6xeb~ waivinq a unpa~a
tnp ~ny puHy. li~e? or ~ipAi under w by v'vtw of this rnor:~: and in th~ ~vsnt aa~d MORiGJ1GORS s!?all fa ~ny ~~awn iail ~o k~ep th~ sslo p~emisca so
insured, a fai) b dtlive~ promptly ~ny of said policies ol insunnu to s~id MORTGJIGEE, or (ail prwnptly to pay iully ~ny premi~rm Maefor p in any
nspect f~~ w pK(oreq, disch~rg~, e:ecvt~, ~ff~ct, compieh, comply w~rh and abida by this coverwnt, a any put hsrwf, sa+d MORiGAGEE may plac~ and
p+Y lo? sud+ t~awanc~ a~?y put thereof without walvinp or ~ff~ctinp s~r option, li~n, p~?iry. a rqM w~d~r w by viNue of ~hii Mor~9ap~. and tM
full arno~n~ of each and twry wtA paym~e+t ~MII b~ inrnedi~tely dw and payabl~ and shall bear inNrest f~pn ths dat~ the~~of w+~U paid M tM ~ah of
n;n~ pK cxuvm pe~ a~v+um and to~eti~e~ wir~ sucA inte~e~t sh+11 be secv.cd by t!w I;M of tlrs ~no~tya~.
1. io p~rmit crnynif w wfiN no wut~, impairmeM o~ dcte~iowtion of s~id props~ry or ~ny put thereof. •
S. To pay all ~nd siryvlar ths•tosts„ charpp u~d ~:pa~se~, ;ncludirg s rcasonable ~ttorney'~ fee and wsb of abstrads of t~tb. incwred or p~~d at
eny time by a~d MpRTGAGEE, becaus~ or in the ~vent of tM failwe on t!r pa~t of tM said MORTGAGOR to duly, promptly and futly per(orm, d~scAargR
axecuN, elfett. oompkte. cornplp wcrh and ib~d~ by ~ad~ ~nd svery rhe ~,ipulauorn, yr~ts, ew~d;tian, and oov~nts of said proen;ssory not~ ~nd tFw
mo.~ya~ u~y a e~~her. and srd cosn. cha?pes and ~xpeewes, each ~nd every. sMit be iewnediately due and. payable; whe~Ae. w not rhen be nor~ci de~
m~nd, attempt to eollstt or suit p~ndir~; and th~ Tvlt anw~N?t of sach aad every wch pay+r+ent ahall bea. ;ntmsa~ irom tl.e dat~ thereof ~ntil psid at tF+e
rate of n~ pe~ centum per uuwm; u~d al~ said cdsts, clwyes and exps~+ses inax~ed or paid, Iope~he~ w~th wch inter~st. shall b~ a~cured by tM lie~ of this
r^o?t9~•
0. Th~r (a) in th..ven~ of any breach of rhis Marop. or detautr on rhe p+n of the MORTGAGpR, or (b) ;e the erant sny of s~id swns of money
i+erein ?ffared /o be not prompt~y and fu!b Paid w~~hin ~hury (30) days nex~ afrer ~he same seve+atly becane due snd payable, witAout dem~nd a no~ice.
or (c? in d~s ewM each and sve.y ~he sNp~,t•tions, ~gree,,,enn, ca+d~rions and eown~nn of ~s~d pomiswry noe~ u~d th~s mo.tya~f any w eitAer ar~ ~ot
iuly. prornpty and fu!!y pesfame~ djsd?sr~ed, executed, ~ffected, complcted, compl~sd w~th a+d stKkd ~iy. then in ei~her w any such swnt ~h~ said a~
preyat~ swn mineioned in said pran;stpy ~ota tl~en ~em~;nir~y ~np~;d, with i~teresf scuued, and all moneys securod hereby. sh~ll becorew dw and p~y-
abte fathw{~h, p thlfN{fH. ~t the option of said MpRTGAGEf. as iully a~d core~?tezely as if ~ll of Me said swns of mo~ey were wginally ttipukted
~o be paid on such day. anythiny in sa~d prom;ssory rqte or in this Nlwtyage to Ihe tonrrary nawi~hsu~ding: snd thereupon or thereafter s1 tM option of
sa~d MORTGAGEE, without notice w demaed, wil ~t lawr a in ~qvily~ TIIlflFOf~ pf lh!lNffH begw?, may be prostcvted u if a!1 mor~tya se~ar~ed hs~eby
hed matwed p~wr b ih instifution.
7. TI»t in the eve~t tMt ~t tF~e beginning of or s1 ~ny time pen~ng aoy wit upo~ t1w Mortgsge, w to faetilose it. or 1o rofonn ie. ~ 1o enlace
payment of sny daims h~reunder, said MORTGAGEE shall appy ~o fht Court having jurisd~ction thereof for the appantment of a RKeiver, such Cour1 sAatl ~
iortliwith appwnt a receiver of said mort4~ged property all ~nd sirg~lar, irKludu~g a{I and sin9ulu the income. pot~ts, iuues and revenves from whatever
~o~rce daived. each ar,d every of wh:ch, ir beu+g expressly unde.stood. is hereby mor~gaged u ii spec~tKally set fath and desv~bed in the yrantinp and
habcnd~xn clavnes hereof, u~d such RKe'ncv shall have alt rhe bwd and effective fv~c?.ons and powen in ~nyw;x entrusred by ~ Court ro• Receive~, ~nd
s~ch sppointinenf tkall be maJc by wcA Cp~rt as an admitted eqvity and ~ ma~ter of absolute rght to ~sid MpRTGAGEE, ud wi~hout reiereoce to ~hs
adeqwcy or Nwdeqoacy of the valve of the props~h mwt9sged or to ti?e :onrency a inwtvency of said MORiGAGpR w Me defendanr~, and that tuth
renes, profit~ intane, ~saucs ~ed revenues shall bs applied by svch Reteiver accordiay to the lien w equity of sa;d MORTGAGEE +ad the pr~ctice of wcA
CouA.
8. To duly, promptly ud fully perfwm, ~scha•ye. execvte, eifM. tomplNe, complY with ~nd abide by esch ~nd every the stipulations, ayreements,
conditioro and corenar?a ~r? sad prom:sswy noro and ~Fr's mortya9e set fath. ,
9. Th~t in the evcm the ownersh~p of the mort9sged prom;ses, a ~ny part thereof, becomes vesred in a person othe? thsn the MORTGAGOR, th~
MORTGAGEE, its wcceuon uK) suigry, rnay, w,;rhovt oo~ice to the 1111pRiG~WR, deal wi~h such successor or wccessor ;n i~te?csf with refereece a this
mo~rgage and ~he dcb~ F,e?eby secu,ed ;n t!K sama rrNmer ~s wi~l~ 1No.fgagor without in a~y w~y vitiating a d~scharying the Morr9agws' li~bility herr
under p upas the deb~ hueby secvred. No ule of the premiscs hereby mortgaged and no fabear~nce on the pu1 oi the MORTGAGEE or in successon
or a:signs ~nd no extension ol the time for rhe payment of the debr hereby secvred given by the MpRIGAGEf a its sucussors or au;gns, ahaU operaro
ro release, d~scMry~, modify charge a affect the wig~nat liability of ~he MORTGAGpR here~, either in whole w in put.
10. It is spedficatly agreed ~hat Y~me a of the essence of this contract and tMt no waivn o( aey obligaY~on hereunder or of the obliyatwn sr +
a.red hereby sh~tt N any time thaeaffer be held fo be ~ waiver of the terms hcreof a oF the i~trument secwed herby.
11. tn .~;,t~ ro rn~ ro.~yo:~y mo.~thh wr~~s of prirx p~l and in~e~es~ ~equ.~ed by the prom~ssory nore sccu.ed lxreby, mortgagw covenants ~
and agrees to pay la mortgagee wiih each enonthly paymem an ~dd;~ansl sum estimated by mortgagee to be equal to 1/12 of the annwl cost of the follow-
'ng_
A-/UI rcal property u:es kvicd or assessed aga~~st the above deuribed real estata
8-Premivms on firc u.d windstwm inswrnce as here:n requ'aEd to be carriEd a+ the ~mprovemeab sitwte on the sbove drsuibed premises.
C-Prem~ums on such mortg~ge 9w.any ;ruurance u mor~gagee shall from time to time deem fit to csrry on the Ioan s~n,red 1,ereby.
Mw~gsgee shall lran time to t~me notify morfgagor in wr~t~ng of the amo~nt due and paysbk herevnde~ and such wm sF?all therevpon be due ~nd
payable on the due date of t!~e ne:t monthly payment and each succasive month thereafter until mortgsgee sFW11 notify mortgagw of a cha~ge in wch
amount, Such wms shall be applied by mortgagec toward the payment of real property tues, irwnance prem:vms, and mort9+9~ 9~anty insurance
premiums.
IN WIT SS F, e id 1N0ltTGAGOR has hereuntp set his ha~d and xsl the day and yesr fust ~fwesaid_ -
in the presence of:
n
~.C .~L. B'~•-- ~ n
~-n
STATE OF FtORIDA f
CouN1Y oF _ S t r_ i P
~f«~ pe,,,n,~~,, , Bla ir B. Arno ld
Rosa~ie R. ~rnold
his wife, to rn~ well krwwn and W+own W me to be
the individwb dewibed in and who e:ecuted the fore9oing insrrvment, and ackrqwledgcd before me that they e:ecuted the same fa the pwposes
r?,~.~;.~ ,4,~ ~y„ R o 4 a li P R A rno ld
N~fe ot rh~ sa~d B 18 i r B A rn n 1 d
exaniuwYwn by me takM scpuate snd apart from hn ssid husband. ~+f+~~ a~ep~rate and priv~t~
+duww~cdged ro and befwE ms rhat she exetvted said iryrrument freely and wlvo-
rarity and ,a;tha~t aqy campuis;on, tornrraint, apprehensa~, or feu of or fram l~er sa' sba„d, ;
i
WITNFSS my h~nd and offic;al sesl thii- yLsL~.~_ day of_ 1~ /~'»l~h . S /~~-p~•~9.~, r
~ :
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Notsry Pub~K in ~nd (or the State oi f~pr '
Retum Ta. N~Y Ca~xnission enpires: / O-/r ~ ~
~ r ~ ~ O a'~ _
Fvs~ Fedenl Savings a Loan As~ociatan MY C. iTAIE~ p A : ~ -
~r wau -
Of F«t P~erce. COMMISSION EXP~f~~AT ~d~•'~-
Fort Pierce. Florida WNDEO ~HROU a T• ~ ~ 9
T!
FlLED AND AECORDEO FR`° °~"~~~~'~Kat
ST. LUCIE COUNTY. FLA. '7/ '
nE~~np7 y~r~.tFIED
16232g
'61 DEC 5 AM 9: y8 i
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i:U~~R : t~ITR»S
CL£RK CtRCUIT COURT ~
( - : a~x16y PAGF1241 ~~F
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