HomeMy WebLinkAbout0599 ' '
S. To pfao~ and wet4wowly kNp on th~ buildinQs now a her~af»r situah on iaW land and on dl puipmMt and pNtonallp cov~nd by Mb n+orp~
p~, with ~II p~miw~ tMrwn p~~d in fuil, fir~ inturanu in HM uswl ~undud policy tam„ ~n a twn ~pprowd by tM MORTGAGEE. ~nd wiMb~one
in~w~no~ in tM uswf s~andud poGCp fo~m, in • swn ~pprmnd by ~M MORTG/IGEE. ie wch compan~ a canpania a th~ MORTGA(iEE n+~y
d'wct~ ~nd a!1 fin ~nd wind~~ Inwranot policiy on any of wW buiWirg~. any tnb?at thK~in a p~.t tMnoi, in ti,~ +pq~pa» w~w afora~W or
h~xau ther~of, sMll aontain tM wual standard rrtort9ap~t dws~ a wd~ mt~ d~us~ a tM Mat9+pN o+aY nQuin. mskinp rM bu vnd~+ aid po1F
dM. Meh ~nd twry. WY+bI~ w aid IMORTG/tGEE at ib Intaal enay ap~r. ~+d ~seh ~nd ~wry tueh poliey ahall b~ pranptly ~ss:9n~d and dNivu~d ~o
~ny Mid by wW MORTG/1GEE a fvrtha s~writy to wid man~ d~bt. ~rid. na ba than tM (1d1 days In advaoa of tM ~api.ation of ~ach policy. ro d~ ~
IivM to aaid MORTGAGEE ~ r~wal the~~of, top~thK with • r~uipt for tM pnmhNn of wd~ r~wall and tMn sMll b~ ~o fir~ o? windstam ins~xa~a '
plaad on ae~r of saM b~?ildinp~„ ~ny intNat tMr~io or part tMrwf, unbss in the to~m' a+d wi~h ~M bss p~y~bl~ u~fwesaids u+d tn tM ~wnt ~ny wm ~
of mo~ty becoma payabl~ w?dK wch polky w polici~s uid MIORTGAGEE sMll F?~w ~M option w nuiw and ~ppty tM sam~ on acaou~t o~ tM ind~bt~
nss~ Ncw~d l~~by w w pumit said AAORTGAGORS to reaiw ind us~ it or any psrt th~nof fa other pu~poies, wi~hout rhe.eb~ waivi~ o~ impair
inp ~nr puity. li~n a ripht w+d~? a by virtw of thia mortyapej N+d h tl~ ~wnt ~aid MORTG/1GOR5 sF?~II for uiy n~~on f~i) to k~ep th~ s+id p~~mis~a w
iraund, or fdl b dsliwr promptN ~ny of uW poiicits of inswsno~ ro ~aid MORTG/1GfE, or ~ai! p+omplly to pay tv11y ~ny pr~miwn tMreior a in u~y
r~ fitl b p~rfan~, dischu~. ~x~cv~e, ~ffM, con~plste, comply wiM ~nd ~bid~ by N~is cownant, a ~ny ~ut haraoi; s+id MORTGAGEE m+y pl~u and
paY for weh iiaw~ a any put ther«~f without w~lvinp w ~ff~dinp ae~r oprion, IiM, puity, or ripM undN a by virtw of thts Mat~ap~, and th~
futl ~nt of ~ad~ ~nd ewry wd~ paynwm shal! b~ ~faly dw and p~yaW~ and sMil b~ar inte~t irom th~ da» tMnof uotU paid at th~ wt~ oi
niM pK antum pN Wwwin? ~nd fopetha with uKh int~t~st shall b~ sKw~d by th~ IiM of tAis nwrtpp~.
4. To-permi~ ooiernU a wffa no wast~. imP+i~me~t a dstaio~~tio~ of saW propKtr a any pK1 therwf.
S. To pay all and sinpviar th~.costs. cl+u~s and ~xpan~n includirg ~ reasonabt~ ananey's iN snd ao:ts of abstrxri of tFtl~ incvmd w p~id ~t
+ey tims by aW MORTGAGEF, b~avs? a M the ~wnt of tM failwe on tl» put of tM s::~i MORTGA('aOR to dvly. prompHy uid fully perfonn, dixhar~
•xecvt~, ~H~d, oompktt, comply with and ablde by ~ad~ ~nd ~wry t!K stiput~tiona, ~preements, conditio%, and oove~nts of ~aW p?omistwy raM and thit
mort~p~ w~i~twr, aed sa~d costs. d~u0e+ ~nd expe~xes. esd~ ud ~wry. sh~l! b~ knn»dtately dw uid p~yables whe~l~+ or not tMr~ E~ notici d~
n+and. +mmpt to colM~d w wit pNxfinpt and tM full aenount of ~ad~ u~d evKy aucl+ p~ymN?t sMll bw ioteres~ from tM d+t~ tMnof until p~id ~t th~
ra+e of nin~ pN c~e?tum pa ~ms and all said o6s», char9es snd exp~nses bKwnd w patd, topetlNr w~th wd~ interp~ il~all b s~ew~d by th~ lian of tha
'^c'r~?p~- '
A. l7+at (a~ in th~ ewnt of any brsach of this Mwtyap~ w d~f~uh on Nr pa~t of th~ MORTGAGOR, a(b) in th~ went ~ny of s~~d axm of moeey
her.tn nh.nd ro be nw p.anpry and fu~y P.W w~th~n thirty (30) days n~xt ~Ner tM same severaUy becan~ ~~nd payabh. withovt dem~nd a notice,
or (d in th~ wMt each and evsry tht ~tep~tatior~a„ pr~sn»nb, conditioro H?d c~ovenanq of said p~omis~wY not~ and this, morqap~ any o? arl+e~ an nol
iuly, promptlp and fuly pKform~d, d~sclNrged. ~a~cvred, ~ff'scted, camplered, comptied wirh a~d ati~ded `iy. then in eitMr w ~ny such ~vem tM s~id a~
prep,~b swn n~tia»d in sak! promisswy oot~ then ~ininp unp+id. with inter~st acaued w~d a11 moneys :scured I+ertbY, sMtl betom~ dw and WY~
•bl~ forthwith, or tMrsah~r, at tFr option of said MORTGAGEE, as fully and completel~r ss if ~II of rhe ssid swns of mon~y were oripinalty stipul~ted
ro be pa;d on svch day. •ny~hioy h sa;d promissory noro or tn ~hb Morroaq• ro ihe contr.ry ~aw~rhsaod~ny; and therevpon w thsreaher a~ rhe op~ion of
•~id MORTGAGEf, withan notic~ w demand, wir at law or in puity, thereforo or thereaftes begun, may b~ prosacvted ~s if all money~ s~cured hK~by
nad m.wnd prar ro in insrin,ran.
7. Th~t in th~ went tFut at the beginnirg of w ~t sny time pendinp ~oy wit upon this Mortg~ge, a to fweclos~ it, or to rofart~ R. or to enforu
payrae~t of any daimt hereu~drr. pid MpRIGAGEE shall ipply to the Court having jurisditlion Ihereof for the appomtment of ~ Receiver, such Couit shall
fo+tliwith sppoint s r~ceiwr of ~sid mort9s~ed property all and sirgvlar. intlud~ng all and singular the income. profits, issues and revenues from wMt~ver
wwos dKived, each ~nd every of wh~ch. it beinp expressly w~der:tood, a hereby mortgaged as if spec~fically set lwth and described in tM prantin9 and
habenclwn dauses h~reof, ~nd tuch Reuive? sMll Isave all the boad and effective functja+s +nd ppMren in anywise er~trvsted b~r a Covrt ro ~ Reteiver, and
wch ~ppointment ~hsll be made by wch Court at an admitted equity ~nd s rn~tter of absolute riyht to s~id MOQTGAGfE, ae~ without reference ro the
~dequacy or inad~quacy of tM wlw of the p~bperry mortg~ped or to the swvency or insolvency of said MORTQA(~p~. Qr the dafent~nts, and that wch
rems, pro/its, incpne, iswes and rwenuts sMll be sppli~d by s~ch Recciver acc«aenp to th~ lien w puiry of aid~MORTGAGEE and ths practice of such
Court.
8. To dvy. promptly and fully p~rform.-dittfiarge. execute, sffect, complete, comply with and abW~ by ~ach and avery ths stipulations, a9recments,
ca~ditioru ard coven~nn in said promissory iwt~ snd this mortgaga set fath.
s
9. That i~ tM went ths ownenhip of the mortgsyed premises. or ~ny part thereof, becanes vested in • penon othe? than the JNORTGAGOR, the i
MORIGAGEE, its successws and augns, m~y, w~tl~ow notice to the MQRTGAOR, deN with such succeuor or wccessor in interest with reference to thi~ ;
mort~apa and the debt hetcby secvred in the sams msnner as with Mw?gagp without in any way vitiatir.~ a distlwrpirg tF~e Mort9sgprs' li~bility herr
unde~ or upon the debt hcreby secwed_ No sale of the premises hereby mortyaped and no forbearanoe on the pan of the MORTGAGfE or i» suaesson
o. auigm and no ex~eosion of the rime for the psynxnt of the debt he~eby secured qiven by the MORTGAGEE a its successon or ~ssigro, st?ap pp~rat~
ro r~l~ase. discMry~, modify cMnge or ~ffect the wiginal liabiliy of ~he MpRTGAGOR herein, ~ither io whole w io part.
10. It is specificslly agreed that time is of the essence of this cootract and that no wsiver of ~ny obfgation herevnder or of the oblgation se-
CL~ld IMftbr iIMN at if~y 11RN fFMNNf1N ~7Q FIlId ?O b! ! WlIYK OI fFl! tQfR1i hereof or of the instr~ment secured hnby. ~
11. M addifion to the forego:ng monthly payments of print:pDl and interest required by the promiuory note secured hereby, mprtgsyor ~pvenants
and aq~ees to pay to mortgagee with each monthly payment ~n additional sum cst~mated by mongagee to be eq~al to 1/12 of the annwl cost of the follow-
in9:
A-AN reel property taxes kvied a assessed agai~st the above desvibed real estate.
B-Premiums on f'ae and windstorm insurance as herein reqo~~ed to be urried on the improvements situate on ihe above described prertiaes,
C-Premiums o~ s4th mort9sye 9wrantjr ir?sursr~ce as mortgspee ahall hom t~me to time deem fit to urry oe tbe losri sec~red frcreby.
Mo?tgagee shstl trom time to time notify mortgagor in writiny of tlre smarnt due and paysbk hereunder and suth wm :ha!! the?cupon be due and
pay~bls on the due date of the next monthly paymem and exh successive month thereafter uMil morigagee sha11 rafify rnortgagor of a char~e in such
amount. Such sums ahalt be applied by mortgsgee toward the payment of re~l property t~xes, inwnnce prem;wns, a~d mort9s~e guaranty insurance
premi~wra.
IN WITNESS WHEREOF, the said N10RTGAGOR Ras ixreumo set his hsnd and se~l tha d~y and ye P t oresaid.
Sgmd, S~a{~d and delMred i~ th~ pr~seoce of: ,
~ ~
~
` n
~
ATE OF FLORIDA ~
= S t. Lucie ~
couNnr of
~ ~ Wi iaa B. Zachow '
Pw~+ r ~PP~+~ and
Betty J. Zachow h;s w;fe, ro~~n k„~„, .~a ~,o ,o b.
th~ (ndividwb deacribd in ~nd who ex~cvted th~ forpoinp instrwntnt ~nd ac#nowledped before me that tlKy ~:etut~d the same for tM pwpw~s
.~.~,~.a. ~,d e,. w~ Betty J. Zact?ow
w~r. a th. ,ud W il1 i aua B. Z ac haw upon ...~,.m .~a P.h,.t~
ex~enin~?~on bp mt qk~n sepir~t~ and ~put from 1+er said huaband. ~du+owledped w and befo~~ m~ tlrt she ex~cuted said imtnmwM fnelr ard volwr
iarily and withovt aror compulsioo. cwrshaint or fear of w from Fwr wid Irnband. ,~:,~,~~s~, ,,q~
WITNfSS nqr had and offkia! seN thi day ol 1~ ~~.Cvy~ , 8
.
~~v ~ .GG
. : ~
Notsry PuWic in sr?d fw th~ Sta~'j ~ t}r ; 1~. -
R~tum Ta. - Mr Commission eapirrs: / p . ~ O ` -
flra f~de~~) Sa+rinps i loan Asaoci,t~on ; r! '
FItE!! AND RECORDEB? • '
~~c`: :
°f F°'' S T, LUC IE COUNTY, fLA. MYT 0 M,s
,ok
T~P~ s~~~; • 2'~ ~
Fon Pi~rce. Florida RE.^0~'!'1 ~.`~~IC~=(~ ~o«oso rti~ouaM •~eo r. o~tsT' ~ ?•••••••.•y~
16,~„~1 t~_ 9..Ts~;,? :
This instrument prepared by ,,~,,~~~t•~.;,~,..~.,~~ ;
First Federal Sav. & Loan Assn• 'S8 ~~N S~ I 1~ ~ y
of fort _Pierce
By arisc4 1 , ~:~r {~a ; 0lTRA$
CIERK CIRCUIT COUR7
gQ~K i~2 PA~E 5y7 - ~ k
3. r~~. . . _a r__. _ ~ _ _ .
: ,
.