HomeMy WebLinkAbout1086 To pl~a M?d ca+tinuously ke~p on tM b~iidinp~ now or hK~aftK sitwN a+ s~id land ~~d on ~II pvipmenf a+d pawnally cowr~d b1? this narq~
vvith ~II pranhx4 ~i+K~on p+id in h+14 fin iasuann in tl~ vswl st~edard polky fonn. ~n • ium approwd by tM MORTGI?GEE. and windatonn
inwtanq in th~ uswl sanda.d poGcy fonn, in a sum +pp~ov~d by tM MORT~3AGfE; M wd+ canWnY a comP+nia +s N+~ MORTGAGfE may
dihctt w~d all fin and w'wdswrn+ inw~u+a polic'~s on ~ny Of 1~~ bllildi~t~ My IflfNtfl fMt~{f1 O~ pi~i 1INfW{, in ~M .p~r.p.n awn aforMatd a
in ~uss tMrwf, sMll contain tl» uswl standard mortp+pM dav~ a such Wha dav~ a tM MonpapM m+Y nei~in. m+kj^Y tM bas undN aid po1F
ciM. ~+d~ ~nd ~vKY. WYabl~ b said MORTGAGEE a in interat may ~ppNr. ~nd Nch and ~wry such po~icll ~hall M p~anpNY ass:9n~d and~~
w d~
•ny MW by s~id MORTGAGEE a iw~hu acuri~y ro s~id matps~ d~bt. u~d. not Itss tiwn ien (i01 dsy~s En ss3Lar.tt e! tM lxpt~~tae? of NcA
liva ro aid MORTGAGEE • nn~wal tMnof, 1op~tMr with ~ nuipt for tM praniwn of wch r~newdt ud tMn tMil b~ no fut w wie~sto~m inwru+c~
pl~ad an ~ny oi aid buildinp~, ~ny dnerat dw~ein a pKt tMnof, vnl~ss to tM for~n'and with tM los~ payabl~ a ~fw~said~ a~d in tM ~wnt ~ny wm
of n~on~y bac+om~s p+r+bl~ ww~ wch Po1kY a Pdi~s ~+M ~TW?GEE sh+ll Mv~ iM opran ro hceiw and apply th~ wn~ on aaa+nt o~ tM ind~bt~
rwsa Ncvnd Mnby a a pKn+it s~id MORTGAGORS ro?euiv~ ~nd uw it a any put tF?erwf fa orher pu?posss, wi~hovt tha~eb~ waivi~y a hnpaih
~^p +^r ~Wit1?. li~n or ripht wwle? or by vlrt
: of this enorty~pes a~d in tM ~wnt s~id MORTGAGORS sMll fa ~ny n+son fail to kKp tht wid pnmises w
W
in~ur.d. or f•fl a d.lha prompNy .ny of ~a~d polict.s of tmunec. a s+id MORTGAGEE. a bil promptty fo p~y fully ~ey p.~miwn tM.efw a ln ~nr
rtspM f~it b pafonR di~d++rp~. ~xKVt~. effstf. tomplN~. cort~ply with a+d ~bid~ bY this cov~^+nt. a a~y put ht?wf, aid MORTGACsEE may plx~ and
wr for such h+~waeo? a ~ny part thKeof witAout walvirg w~fhct~p ~ry/ option. ~iM, wwb. or right undK a by virtw of this Matqap~. and tM
full amaxa of txh and ~wrY svch WYm~m sMll b~ imnNdiat~ly dw ~r~d p~y~bb and sh+ll bsa int~rat fran th~ daf~ thKwi ~ntil paid M t!r r~N oi
nine pK centwn pK anewm and topNher with wd? intaat sh+l1 b~ s~cund by th~ li~n of thia mor?~a
4. To pwmlt. oommit or wffK no wast~, Gepaitment or detKiw~tion of aaid p~opKty or ~ny pa?t tlw~of.
S. To pay ~II and Wrpular tht ~oosts, charpN aed ~xpera~~. i~cludinp a nawn~bl~ attorn~y's fe~ ~nd aosts of aMtracri of titb. G+curcad w paid a~
any th+~ by s+id MORTGAGEE. Mcau~! or in the ~wM of tM failure on th~ put of tM s~id MORTGAGOR to duly. promPtly and ivlly pKfae+. d~schu9~
execvt~. ~ff~ct. oomPkh. ~+P~Y with and ~bid~ b1i ~ad~ and ~wry th~ stip~l~t~ons. +p?~ma^ts, conditioes. uid aown~nn of said praniswry noh and thb
mortyap~ ~n1? a~itFw~. ~nd w~d cos~,. d~uqes and experws. ~ach ud ~wry, sh+ll b~ iinnediat~y dw and p~y~bb: wherMr or na tMn b~ norici d~
m~nd, •att~enpt to ao~bc~ a wit pN?dnps aed tM tull arnow~t of ~ad~ aa! awry wch p+ynwnt sh~ll be~r intw~st from tFie d~t~ Merwf until p~id ~t tM
rat~ of niew per ctMun+ p~t annum: and aIl ~id c6its, chupa snd exp~osea incwnd a piW, topetha with suth int~rat, sMll b~ Ncw~d b1r t1+~ li~n of ti?N !
~
mortp~pa .
A ih~t W in tM wa+t of ~r bnach of this Morqap~ or d~f~uh on th~ put of tM MORTGAGOR. or (b) in tM w~nt any of s~id swns of mon~y ~
h~rein r~hrc~d to b~ not promptly and fvly p~id within thirty t30) daYS e~txt afta th~ sam~ feve?ally b~car~ dw ~nd p~yaW~, without dsm~nd o? norice.
or tn th~ ~wn~ ~+d~ +nd ~w+Y tM sKputatiom. +Onarn~n». wnditions and tov~n~nn of s~~d p.oreissory note anil M1i~ f1WHq~Q~ M1y W~itMf ~n na1
iuty, promprly and fuly paform~d, d~scharped. ~xewnd, ~ffieted, compt~t~d, canplied wirh and abided by, tlNn in eitF~ a any such ~wnt tM sa~d a~
prq~t~ swn m~ntan~d in said p~omis~wy oot~ tMn nm~ininp unp+~d. wirh inte?~st xuwd. and all mooeys s~cured Mr~by. sh~ll becae~ dw and P+y~
abl~ fo?thwitA, or then+ha, at tFw optioe? of said MORIGAGEE, u f~lly a~d coenpktrly ss if ~II of tM said swns of mon~y vwn wipin~lly atipul~ted
ro b~ paid on such daY, a~ythinp in sa~d p~anissory note or U+ thk Morf9ape ro th~ ca~trary norwifhstandinp; ~nd theravpoa w thereaha at tM optan oE
~aid MORTGAGEE, withow notiu or dem+nd. wA at laa w in puity. ~herefon or t1~ae~fta bepw+, may b~ prw~cuted a if ~II mo~sys s~cw~d he~eby
had mat~r~d prior to iq ir~tif~fion.
7. Th~t In tM ~vent tl»t at tFw bsyie~nirg of or aJ +ny tirn~ pend'rg +oy wit upoe tl~is Morfyap~, or to foncbie h, a to nform it, a to enfwc~
payrn~nt of any clairm hawnder, said MORTGAGEE shsll apply to the ~ourt havirg jvrisd~ction thereo! for the appa~tment of ~ Rac~iver. wch Couit shall
fwtFiwith ~ppoint a nc*ivs? of s~id maty~y~d property all u~d sirgular, includ~rg all and singvlar tM income, profits, iaues ~nd nvenws from whatever
wuro~ dwiwd. ~ad+ and ~very of whKh. it beanp ~xpressy vnderstood, is herebY mor~9+ged +s if spadfiuly set fath and de~cr~bed in tM ~wntirg snd
hab~ndwn claw~s lrrsof, u~d such Raa~iv~r sh~ll !ww all 1FM broid and effective funct~a~s and powen in anywis~ enmrsted by a CouH to a Receiw?. and ~
~uch ~ppointrtKnt shall be m+d~ by wch Cowt a an admitted equity ~nd a nwtter of absolute r'ght ro said MORTGAGEE, uw! without refereoc~ ro the
adequacy or kad~q~racp of th~ v~lw of th~ prbp~rry morty+yed or to tM sonrency or insdvency ot Nid MORTC,AGOR or tM def~ndan», and that such
renn, profin, irKane, asv~a u+d rewnws sMll b~ ~pplied by such Receiver xcordinp to ths lien a pvity of s~id AhORTGAGEE and the pradiu of wch
Cowt.
To duly. ~o~ry .~+d fi,~h ~or~+, d'wch+ry.. execvte. effact, aompletc, comply with ~nd sbid~ br sssh and ~vuy t!» stipulatio~s, a~reemenb.
corxlitbns and oovena+?b in said promisso~y eat~ and this mort9~ye set forth. ' ~ _ .
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9. That in th~ went the oMrnenhip of th~ mort9ayed pr~mises. w amr put thereof, becornes. vKted tn • penon oiner inan inrr :.::.R.w+.~.....
MORTGAGEE, its sucusw~s ~nd assi~ns. m+y, withow notice to the MORTGAOR, dtal with such sncce»w w successor in interest wirh refere~ce to this ~
mort9~ ~nd the debt herebr sec~nd in the sarn~ msnner ss with Mwt9agw without in any wsy vitiatirg or dischsrping the Mors~sgws' lisbiliry Mra ~
under w upon th~ debt her~by secvred. No s~l~ of the premises hereby mwtys~ed and no twbearance on the pin of the MORTGAGEE w in successon f
or ~ssiyro u~d no extansan of the time fw th~ p~yment of fhe aeb~ hereby secvred piven by the MORTGAGEE w iri suaeuoa or ass~gns, shall operat~ ~
to r~leas~. d~sd~arp~, modify ch~rg~ w~ffect tl» oriyin+l li~bil7ry of t!~ AM1ORTGAGOR herein, either in whole or in put.
10. It is specificslly agned that time i~ of tM es:ence of fhis contrsct snd tMt no w~iwr of any obl'gation hereunder w of tl» obliyation sr
a.red Mreby sh+ll ~t +ny time thersaher be held to be ~ waiver of the terms hereof a of the instrument sec~red herby.
11. In add~Yan ro rhe fwego:ng momhly paymenn of pr~nc'ppl and interest required by the promisspry note secvred hereby, mwtgagor covensnts
and ayrees to psy ro mortgsgee with each monthly payment sn ~dditional sum est~mated by mortyaQee to be equal ro 1/12 of the aru?ual cost of the follow-
i^9a
A-All real propery taxes kvied or assessed ayainst the above described real est~te.
i 8-Premiums on firs snd windsto~m insunnct as herein reqv~red to be tarried on the improvemtnn sitvate on the ~bove desaibed premises.
j C-Premiums on s4th mort9age 9wranty insursnce as mwtg~gte shatl 4rom time to time deem fit to urry on the Iwn secured F~ereby.
i Morty~qe~ shsll from time to time notify mwtgagor in writ~~y of the amount due.and payible herw~+der ~nd such wm shsU thereupon be d~re and
~ pay~bl~ on th~ dw date of the ne:t monthly payment and ~ach svccessive month therc+fter until mortgagee shsll notify nartgagor of a chsrge in such
~ amow?t. Such sums ah~ll b~ +pplied by mortgs9ae towud the payme++t of real property taxes, inwrsrice premdums, and morfg+~e ~wrant~`~rowanc~
f premiums.
? IN WITNESS REOf, t s+id MORTGAGOR has hereunto set his hand and s~al the day and ar fint afora~sid.
~ Sip~~d, ad ' ofs
; ~ S~at ~ ~ ~a~nu
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STATE Of FLORIDA
St. Lucie : ~ ~
couNrr oF :
Donald C. McSorley ~ ;
~ B.~.~os~p~'iine or ey
his wife, to n» well known ~nd known to me to b~
rhe k~d'ividwb d~w~d in ~nd who ~~ucut~d ths forparg trurnsnt ~nd ledped befwt er~ *!wt tMy ~x~cut~d th~ s+en~ for the pwpose~
r~e~ ~ ~ ~ • B • Josep~iine ~lcSor~e~y
rvii~ of th~ ssid DOIla C. MCSOr 6y ~pon • sepuat~ ~nd privaN
o:~min~tion bp en~ qlun separ~t~ a~d apat from Iw ~id husband, adcnowl~dped w aad b~fw~ m~ tiwt sh~ sx~eut~d s~id ieatrunwnt fnsly a+d volwr
ra.ily and w~thoW ar{~r wm~wbion, oor~str~int, ~pprsMru; or fear of w from ha aaid ~ _ 68 ~
YYITNESS nry iMnd ud oHiciwl seat t' dsy of A. ~~S!!!777 19~.,,,_ (
~ . y~ ~.~N.•<< ,'ii
~5, ~
Noary Public ~nd for t~} St~M ~larpe 41 1• ~
~ Mr Commission ~np"ver. 7~~~ ~ ;
~ ~
~
~ wa F.d...~ s.,,~, a ~.o.~, FILEO DED ~ • ~ ~ - - ~
a c~.+ PK.«_ AND RECOR '~t~„~ • E:, ; `
Fort Pie.ce. flw~da iwT~ur wwe. sr~~t ~~~y~t ~
ST. LUCIE COUNTY, FI.A. e- • '
; . ^
~~t, ,ti Mlf COMMISSION D(PIRES ~ , ~ . .
~ •....••~~r~,.
li)(.7~w r ~o~o n~touoM r~cs v. •~t~?l?~v w~T=
~ f f
~68 ~i~~ ~ ~ ~ ~Q : 5~
This instrumertt ~repared bp .
~ first Federal Sav. & lQan Assn. ~R itR,~s
ot Fort Dierce CL~ K~iR UtT COURT
~ J. D. Chastain .
r ~ ` ao~~~ ~..c~ 1~ ' ~ k
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