HomeMy WebLinkAbout1201 < < f =
; t , '
To plac~ and contMuanb kNp on IFK buildl~p~ now or MrNhK ~itu~t~ on s+id land ~nd oa all p~tpment and p~non~lly covK~d b1? tAN ma?¢
p~. with dl pnmiur•A tMrwn Wid in fi+14 fin kuw~nc~ in ~h~ viwl sta~ud policy iwm. ~n a sum ~pprowd by tM MOR?GAGEE, and wind~w?n~ ,
iruuranc~ k~ tM uswl stMdard policy farn, in • wm ~pWowd by tM MORTGAGEE, M wcl~ con+P+^Y a camP+^ia a IM MORTGAGEE ~++r .
dintq ~nd ~II fin and wind~arm iruwana polkiN on any of s~id bulldinp~ ~ny int~rat tFwrein or put tl+a~of. in tM pprpstt w~n afor~iaW a
in ucoKS thK~of, ~II ca+tain tM uawl st~nda.d mwtya~ daw~ a such aM. daw~ as tM Ma~9+~ m+y rpu~n. n+aAinp tM lou v++dK u~d po~i~
cia. Nch a++d ~very. p+r•b1. a u~d MORTG~GEE a in ioar.sr may app~+?. and Nth and ~vNy wth poliq .h~~~ b. promP~h +ss:y~.d u+d d~~iw..d ro
~ny hdd bY said MORTGAGEE a funhN acwity to aW mortysp~ d~bt. ~ed. not I~ss tlwe t«+ (109 days in adv+nce of tM ~zpir~tion d~ach policy. ~o dr
livu ro aid MORTGAGEE • nmwal tMrwf. rop~thK with a ncNpt fa ti?~ pr~mium o1 such r~new~lp and tMn thall b~ oo f'w ot windstam Maw~nc~
pl~o~d p~ a~y of said buildinp~. ~ny intsrat tMr~in or pan thKwf, unl~ss to tl~ fan+'~nd with tM Iws p+Y+ble u afonsaid: +~d in th~ ~vsnt ~ny wm
of nan~y becan~s paY+bl~ ~+^d~? wd~ Potky a pol'ci~s ~+id MORTGAC~EE shall iww tM option to ~~oeiw and pply th~ s+rrw on +cca+nl ol tM ind~bted~
nsa wcw.d Iw~by or ro p..mit w~d MORTGAGORS ro raaiw and ~ i~ a+ny par~ tF?ereof fw other purp~e~, without thereb~ waivin9 or impair-
t,q ~nY puiry. li~ w ~ipht ur~de~ ar b~? virtw of tF?is mat9+p~~ ~nd in t1+~ evMt s~id MORTGAGORS sh+ll for any nason f~il to ke~p ~M uid pnenisea so
tniured. w i~il b dsliver pranptly a?y of s~id polici~s of ir?i~tsrw to said MORTGAGEE, or f~il promptly to paY ~+Ily any pn.nium therefw a in anp
rnp~cf fail b paforen. discharye. ~:ecufe. ~HM, co+npl~b. comply wlth and abid~ bY this cov~n+^t, w+^y P+rt Mrsof, s+id MORTGAGEE msy plac~ +nd
WY fw such leawanc~ or sny Fs:i ;l~s~eof withoot waNinp w ~ff~cttrp +^r ePtion, ~iM. M~?ity, a ripht undN w by virtw of ~his Mortpap~. ~nd the
full ~moont of each and wNy wcA P+Ym~m sh+ll imnedHt~ly dw and p~y~bl~ and sh+ll beu interest from tM dat~ tMr~of uotil paid at tM rat~ ot
n~rw pK aewm pw anrwn+ and 1o~et1+N with sucA inta~st shall b~ ~ecw~d by th~ li~n of this
1. To p~rmtt, aomndt or wff~r no wast~, tmp~kment or d~taior~tan of said p?cpKtY or +~W P+rt tM~wf•
5. To psy all s~d stnyula? tM ~costs, ch+rpa and exPxaes. inclvdinp a reasonsbb ~»o.ney
• f~e snd coin of abstracn of title, incuned o~ p+~d +t
any tirrw by s+id MORTGAGEE, Mcaus~ or i~ th~ ~wnt of tM failun on tM p+h of ths s~id MORTGAGOR to du~y. promPtly and f~lly paform, discMrg~,
ezecvte, ~ffed. oon+pkte, comply with and ~bide by ~ach and every th~ stipulations, ayreements. ~tions, and aovtninM ot ~aid promiuory not~ and thi~
mortyay~ aMr w eitMr. and said costs. ch+rpes ~nd experres, tsch ~nd every, tl»II b~ inunedi~tdy dw ~nd p~y~bkt whetMr w not tMrt b~ notici da
m~nd, att~mpt to colhcf a wit p~edirgt +~d tM fvll amo~nt of each and wky wch paym~nt sh+ll bea i~terest hom the dat~ thereof w~tit p~id at the
rate of nirn per centwn psr amwm; u~d all said odsts, cM~yes and expeMes incvrred or paid. top~tha with axh int~rqL ~hall b~ a~cwed by tM li~n of tha f
mort~~. ~
e. Th~t 1+) tn th~ went of any brrach of this AAortyap~ w default on the part of the MORTGAGOR, or (b) io tM ~vent ~ny of ~aid sums oi eaney
herein r~fKred to be not promptty and fuly p~id within thirty (30) d~ys next after the :ame uverally becoms due +~d p+y+bte. withovt dern~nd a ~oticr. ;
o? (c} in tM ewnt exh and ewry the stipulatioea, ~gre~menn. conditian and coven+nn of s~~d promissory note aod th~s mortgap~ +ep or eitlw art nw ;
iuly, prompNy and fully perforrtwd, d~sc1?+rped, execvred. ~ffected, compkted. comPlied with ~nd ~bided by, than in either w sny such ~wnt tM s+id ap~
yras,~t~ wm rr~tior~sd in aaid promissory note then ran~ining unpaid, with interest acavad. and all moneys secured hereby. sh~ll becwme d~a and pay- .
a
abl~ fwthwitl4 w thereafter, at tM option of said MORTGAGEE, u fully snd canpl~tely as if ~II of tMe ssid swns of moeey wenr orgi~slly atipulated
ro be paid on such day, a~ythiny in ss7d promissory ~ote w in this Mwtg+ge ro the contrary notwitlutu~dinp; a~d thereupon w there+ftsr at ti+~ option of .
u~d MORTGAGEE, witFaut notice a demand, s~it at Iaw or in puity, therefore w thereafter be9~n, m~Y be prosecWed u if dl morKys s~cu~ed haeby
had matwed prior to iri instiwtion.
7. That in tM event Ihst at the begtnning of or at any time peodirg ~oy wit vpon tha Mwtgsge, w to faeclose N, w to refom+ it, w to enforc~
paymeM of ~ny daims hereunder, s+id MORTGAGEE shall apply to the Court having jwisd~ttion thereof for the +ppomtment of • Receiver. such Court shsll
fortliwith appoiM a~ece'rver of said mortg+yed prope?ty all and sirgular, includ~ng a~l and singulu fhe income. profits. iswes and revenues from whatsver
sourc~ dsrivtd. each ~nd every of which, it beinp expreuly ~ndentood, is hereby mwtgaged u if apecifically ut fa~h and deuribed i~ ehe ~rantiny and
habendwn clavses hereof, and wch Receiver shall have aU the b~o+d ~nd effectiw funct~ons srd powers in ~nywise entnnted by s Co~rt to a Receiver, and
such appointment shsl~ be made by wch Court as an admitted equity ~nd a m+tter of absolute right~ b taid A10RTGAGEE, and without reference to the
adequscy or kudeq~?acy of th~ vslve of the prbperty mortg+ged or to the sohency w imolvency of said`~YORTGAGOR or the defend+nn, and that such j
remi, profits, income, issues and revenues sh~ll b~ applied by such R«eive. ~ccordinp to the lien or puity of said MORTGAGEE and the pradice of such
Court.
8. To duly, promPtly and fully pafwm, dischuqe, execute, effect, c+omplete, comply with and sbide by ach and every the stipulations, apreemee~b,
conditions ~nd covenants in said promasory note and this mortgage set fwth.
9. 71ut in the event the ownership of the matgaped premises, or +mr p+rt thereof, becomes vested in a pe~son other tha~ the MORTGAGOR, tM
MORTGAGEE, its urcussors +nd +uipns. ~n+y, withow notice to the MORTGAOR, deal with such successor or waessor in interest with refaence to this
mortyaQe and the debf hereby setured in the same marx?er ss with Mortgsgw witlwW in sny way vitiatug or dixharging the Mortg+yors' Iiability hera-
under or upon the debt hereby secvred. No ssle of the premises hereby mortgsged +nd no forbean~ce on ths p+rt of tM MORTGAGEE w ib successors
or sssigra snd no extension of tl+e time fw 1he payment a! tF~w aebt hereby secured given by the MORTGAGEE or it: suctesson a assi9ns, ihall operate
!o releas~, d~xharye, modify charge w affect tl+e aiginal liability of the MORTGAGOR herein, either in whole a in part. (
10. It is specifically ag~eed thst time is of the euence of fhis contract and that no waiver of any obligatwn hereunder or of the obl'igation se- j
a;red hareby sFull at any time thereafter be held to be a waiver of the terms hereof w of the inserument secured F~erby. {
11. In add~tan to the fwego:ng monthly payments of princ:pDt and intcrest required by the promissory note secured ixreby, mortgagor covenants i
and sgrees to pay to mortgsgee with esch monthly payment an sddirionsl sum estimated by mottgagee to be equal ro 1/12 of the ann~al cost of the follow- i
irg: 6
A-All real property taxes kvied or assessed against fhe above desvibed real esute.
B-Premiums on fim and windstorm insu~anu as herein reqv~red fo be carried on the improvements sitwte on the above deuribed premises.
; C-Premiums on svch mwtgsge guaranty inswar~ce as mortgagee sh+l1 Eram t~me to time deem fit to urry on the bsn secured hcreby.
Mortgsgee shall from time to tune notify mortgagor in writing of tl+e smount due and payable herevnder and such sum shall thereupon be d~e and
~ payaWe on the due date of the next monthly payment and each successive month thereafter until mortgagee shal! notify mortgagw of a change in such
~ amoum. S~ch sums shall be applied by mortgsgee toward the p+yment of real property taxes, insurance prem:ums, and mwtgage gvaranty insurance
~ premiums.
IN WITNES$ WHEREOF, the ss' AAORTGAGOR hu hereunto xt his hand and seal the day yeu ' f aforesaid.
led a deliva the of:
~
~ ~ 1 r
. _ ~n
anc e . e
~•n
i
STATE OF FlOR10A - ~ i
St. Lucie ~
courm oF
estore n+s penona~~ appasrcd Ph i 1 ip Pear 1
~lanche V. Pearl his wiie, to me well known and known ro me to be
the individwls described in uid who executed the for arg instrument, and ackrwwledged befwe me thst they executed tf+e ssme for the purposes
tnerein .xa~ed. N+d *hs s,~d Blanehe V. ~eazl
wife oi tiM s~id Philip Pearl , vpon a sep~rate and priv~t~
examinat:on by ms taken sepsr~te and apart from her said hus nd, ~cknowledped to snd befwe rt~t th~t she execvted said instrument freely and volun- '
tarily snd without compulsion, constraint, apprehension,~sr of or from her aid husband.
~ WITNESS my h~nd snd official seal tbii day of A ril A D. 19 68
Notuy Publit in ~nd for tl~e State f F ida ~t Lupe
~ My commas~w+ s~cpir.a: ~9 ;
~ Retwn Ta ~
~ flrst Fsdewl Ssvings 3 Lou~ Association • ~'~Otiry pu~lt, St~te al Florida at lugc
~ of Fon P~~.«. 0 ANp RECOR~~LA. 11IIy Commission Expires Mor. 3, 1969
Fort Pieru. Flwida FI~-E COUNTY^ io.b0 ir ~K+~ Fu• a Caswu~ co.
CJ'r~ `UC+~~ n . .
~~:it r
4~~ ~t~~^ U_ '
e ~~..T~~~ -
~ This instrument prepared by 166146 '
Frst Federal Sav. & Loan Assn. • yT ;
= ~ ' ~ - ~
~ of Fort Pierce ,6g pPR I S ~ 10 • a~,-~,~-~`' _ c " ~ ~ - -
/f~ ' J -
gY J. W. Collins 1:~::~~ -
~{SRas : ~1 v' ~ ~ "
~•C' Y}; 1 O~pT i ~ t
LERK~CIRCV~T ~
. C `~i~i ~ v .i :
~ o R 1199 ~
BOOK~~~ PAGE - , ~
~ ~
.
~Y_..: _ - .
~ A , ~ - ~
~:x~~= ~ .