HomeMy WebLinkAbout1090 To pl~q and coroirwou~y kNp on tM builoinas eaw or M+~ahw ~itwt~ on said land and oe ~11 eqvipen~ot a~d pason~lly oownd by tF?b mor~
ap~,, wiM ~II pr~mium? dwnon p~id in f~~l, fit~ insv~~nc~ in th~ vwal st~ndard policy fo~m, ~n ~ twn approwd by tM MORTGAGEE. and w&~ran+
Gaw~nc+ 1n tM utva) tqndard pol;ty /orrr~, in ~ sum ~pprov~d by tM MORTGAGEE; in wch tompany or c~eppania-lt-iM MORTGAf3EE m+y
dindj ~nd ~II fb~ ~nd wind~w~m inw~ana policia on ~ny of ~ld bui'~dinp~ any inMrat thersin or pan tMr~of. i~ tlw ~p~rp~q wm afonsaid or
In ucau tMrwf. sMll oont~in rM uswl ~tandad monpaq~ clavs~ w:uch othN daw~ a~ th~ AAo.fp~p~s maY n4~~?~. makkg th~ loss w+du aid pot}
cta. ~ach and ~wry. paYabi~ to s~id MORTGAGEE a iri i+Here~t m~y ippNr, and ~ach a~d twry ~uch policy ~hall b~ promptty us:9~d ~nd d~livK~d ro
~ey MW Sy uid MORTGJIGEE a funhu ~ecwity fo s~W matp~p~ d~bt, and. not i~s~ th~n t~n (10) day~ tn advanc~e of th~ ~xptr~tion of ~ach polky, to dr
liw? Io ~aid NIORTGAGEE a na~wa) fMrwf, lop~flw with a ne~ipt for tM pr~niwn of weh ne~w~lj ~d ~Mn sMl) b~ no fK~ a wi~ds~wm inwranu
piaad on uiy of wtd buildinps. ~r~y int~r~q tiw~;n or put th~r~of, unlps In th~ fonn'and with ~M lo~s p~ysbfe as afcn~~tdt +~d M~ ~M~~wM any ~wn
of mw~y b~cana p~y~ble vndK w~d~ policy or pol;ci~s said MpR1(',,AGEF shsl) Mw tM option to naiw ~nd ~pply th~ wn~ on ~t o~ tM I~d~btd~
Mu wtvr~d hK~by w b pitmil aid MORTGAGORS to nosiw and w~ N a~ny pa?t thtreof iw other pu~poses, witfw~t thereb,r waivi~~y or impair-
i^~ +~Y ~W~b. ~i~n w ripht uod~r or by virtw of tha mort~; and in tM ~wnt Nid AAORTGAGORS shall for N+y nason fai! ro kKp th~ taid pnmi~ so
Fn~w~d. a fail !o drliwr prompty ~ny of wid poliei~a of irquneia to aid MORTGAGEE, a fail p?omptly to paY fvlty ae~y premiwn thenfar o~ tn any
r~sp~ct bil b pa~orn4 disdwrp~• f7tlCYff• ~ffM, oomPle?~. complY vrith w+d abid~ by this cowoaM. a any pan Mrwf, ssid MORTGAGEE may pl~c~ and
P+Y for wd~ imwanc~ w~ny pat tMreaf wi~hovt wahrL~p a~Nea~np anY oPt~on. 1ten,, M~ib, or ~ipht w+dK a by virtw of ~his Mor~~sp~. and tM
fvii amo~nt of ~ach and w~ry such p~y,t,ant ~iwll b~ ;mrMd;~hly dw ~~d payabi~ and shaU p~u iMtrat hom th~ d+b thK~of uMil paid N tl+~ ~ah of
nir~ pu netum p~r ~nwm and top~thK with suth iottrat sh~ll b~ s~cw~d by th~ It~n of NJs motpapf.
I. To pK~ntt, oomnlt a wf(a no wast~. imP+irrewnt or drtKioratio~ of w1d prop~rty o~ any part tM~~of.
S. To p~y ~11 ~nd ~k~pul~r th~.cott~, cMr~s a~d exp~n~, inclvdinp s re~sonabi~ ~ttorr~y's fN and cosh of ~bsn~cts of titl~, incun~d w payd st
~ny tim~ by uid MpRTGAGEE, baaus~ w M tM ~wnt of tM failun on tM put of tlr a~id MORTGAGOR to duy, prompty ~nd fvlly pKforrn, duchuyR
~xecvt~, ~ff~ct, compleh. ewnplr with uid ~bid~ by ~~d+ and ~very tM stipul~tioru, apreMwnts, oonctitiont, ~nd eovrnany of satd pomisw?y no1~ M,d thi~
"wrt~+p~ +nY w ~itlw. aod sa~d cosn. char~ ~nd ~xp~rre~„ ~ad~ and ~wry, sMll b~ immediately dw ~nd p~yabl~j whetMr w not tMr~ b~ notice dr
muwl. Nt~mpt ro colhct a tuh p~ndinpt a~d tM fvll amow?t of ~ad~ aod wKy wch paym~nt sMll bN. inr~r~st from tF~ dat~ th~rwf un?tl p~id ~t the
rate of nin~ p~r tentum p~t anrwm; and al! sajd cbst~„ chup~s snd e~ep~n~et incyrt~d or p~id, topNl~u with svth intapt, ~MII b~ s~cw~d py th~ IiM of tiw
mat~+p~,
0. TMt j~ in th~ ~wnt of any breach of this Mwtpap~ o~ d~f~ult on th~ part of th~ MORTGAGOR. or lb) tn tM ~wnt ~ny of ~aid swm of moe~y
Mr~in ~~t~rcd to b~ not prompt~y and fvlly p~id withln thialy (30) days n~xf afte? th~ same sever~tly b~coene du~ ~nd p~Y+bl~, vvithout deen~nd a notice.
e? (d i~ tM evN1~ each u+d ~wry th~ stipulatioro„ +prs~mems. condi~wns and covsewnts of w~d promisswy not~ and this malpap~ any a ~ithu an ~w1
iu~Y, promptly ud fullY Perform~d. di~d?~rped, ~xecvtsd, ~ffected. canptthd complad with ~nd ~bided by, t!~ in ~ith~r or ~ny wch ~wnt th~ said ~g
g?p+f~ wm mantia»d i~ aid promissory ~+ot~ thsn rem~i^i~p ~rnP+id. wiM intsrnt saru~d, and ~II moneys s~cw~d htr~by. shall b~cortw dw and WY~
+bb forthwith, or tMr~after, at tM option of said MpRTGAGEE, u fvlly snd compl~~ey ~s if all of the said twns of mon~y v,r~n originatly ~Kpulated
ro be p~id on svch day. x~ythir~q in sa;d pram;ssory nw~ or In tl+i~ Mortpays ro tM comr~ry notwitlut~ndiny; ~~,d th~r~upon or ther~ahK at th~ op~ion of
•aid MORTGAGEE, withovt notia w ds+naod, wit at taw a in pvity. ther~fort a thareaher bsyun, m~y be pras~cuted a if all mo~ys s~wnd henby
had m.n+nd pNa ro ia iratin?rion.
7. Th~t tn tM ~vent thst at thf bpinninp of or at any tim~ psnd'Kg aoy ~vit upon 1hb AAort~ay~ a ro foreclos~ 1t, w to roform it, o~ to enforp
P+Y~?t of MY dima hereunder. ~aid MpRTGAGEE sMU ~pply ro the Coun havi~g jurisdiction the~eoi for tM appa~tment of a Reteiwr. wch Court sMll
fortliwith aoooint ~ nceiwr pf s~id mort~sp~d propKty all and sa~qulu, includug all a~+d sinyui~r tM ir?com~. profits, issws Mx! rrv~enws {rpn what~wr
wu.n d~rived, exh ae+d ~ve+y of whk~+, i~ b~irg ~xpressty unders~ood, a I+e.eby maryaged a if ipccificall~r ut forth ~nd dew~'bed h tM ~?u~tinp ~nd
h+b~ndum d+uses Mreof. +ed such Rsc~iv~r shall h~w ~II tha broad and tffective fw+ct~orn *nd powers i~ anywise entrusted by a tourt ro a Receivtr. ~nd
svch appoinrment shalt bs awd~ ~y s~ch Cowt u an admitted eqvity and a matrer of ~bsoluts ripM fo said MORTGAGE~,_ and wi~how rofe?ence ro tM
adeqvacr o? in~dpwcy of tl,~ wtw of tM prbperty mortpped er to the sohre,xy er insolvency of wid MORTGAGOR a the dehndants, ~nd that wch
renra, profits. incwne, issws and ~~venves sh~l( applied by such Receiver accordin~ w the iien w sq~iry of aid MORTGAGEE and ths pacr;c~ of ancA
Covrt.
8. To duly, p~omptly ~nd fully pKform, di~ch~rpe, exacute. effett. conpkte, compN with and abids by sach and wery th~ stiputatioos, a~r~unsnts,
cond'nions and wva+ants in said promasory not~ and this morty~ set forth. ,
9. That in tl» event th~ ownenhip of th~ mort9ayat~ premaes, a any part thereof, becynes vetted in ~ peryon oth~r than tM MORTGAGOR, th~
MORTGAGEE, its succeswrs ~nd aasipr?s, m~y, w;thout nmice to tM MORTGAOR, deal wi~h such successor w suaessor in interpt with refersr~u to this
mwt~ap~ and tM debt h~reby secw~d in th~ samt manner as with Mo?tyagor without in anY way viti~tirg p dischugirg tM Maty~gon' lisbility Ikr~-
under or upo~ tM debt hereby tecu~ed. No sale of ths ~vemises Aereby mort~aQed and no fwbtarance on ~he put of tM MORTGAGEE or ib tuccesson
a suigm and no ~xtenian of the time for the payment of the aebt hareby iec~~ed qiven by tM MORTGAGEE or iri successws or astiyns, ahall crpW~t~
ro r~as~, discfwroe, mod;fy cMnpe or ~fftct ths origin~l tiab~Gry of the MORTGAGOR hx~in, either in wFwl~ or M part.
10. It is specificatly ~greed that tirM is of tM essence of this corrtract arid that no wsiwr of any oblip~tion hereunder q of th~ oblip~tion se-
a:nd 1»reby sMll a~ ~ny tim~ thereafta be held to bs • waiver of the terms hersof w of the irutrument secured herby,
11. In ~dd~iwn to the iorego:rg nw~thly psyments of princ ppl and imerest requ~red by the prom;ssory note sec~red hereby, morty~gw coven~nts
and agrees to p~y ro mortysgee w;th each moa~hly psymem an sddirional sum-esrimared by mortyagee ro be eqwl to 1/12 of the sn.wsl cost of the folbw-
ing:
A-All re~l propeAy taxa kvied a ~ssessed ayainst the ~bove desvibed ~eal estate.
b-Premiums on fire a~! windstorm inswance as Frorein requ~red to be urried o~ the imprqvementt sitvate on the above desc/~ed premiies.
C-Prtmivms on such mortQ~ge ~van~ty inwrance as morfgsgee shalt €rom rime to time deem fit ro urry ~on the ban secured hereby.
MortyaQee shall from time to time not;fy mwtgagor ;n writiny of the ~mount due and payabk herevnder and such sum shall thereupon be due and
paYabls on tlK du~ dale of the next monthlY paYment and exh wccessive montA thereaRer u~til mort9apee ~hs11 notify nwrtga9or of a chsnye in such
amount. Such swns shalt be applied by mortyayee toward the paymenf of real property ta~e~, insurance prem:wna, and mo~tgaye gwr~nty irourancs
prrmiurrn.
IN WITNESS YVH EOF, the said MpRTGAGOR has hereunto set his hand ~nd seal tFw day snd year fint ~foresaid.
ddiwr prss~r~u of: !7 ~ ~~~~~%'(N/y
cs..n
. .
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~ Ci.st C~-'t-l~r~' _(Seaq
STATE Of flOR10A ~ . .
courmr oF St. Lucie
e.f«. m. p.r.wully .pp.,r.d J. P. MorQ~*~ .~d
Olsl IMa6 MDradlf ha wife, ro rn~ weil known ~nd krawn w me ro b~
M» individwb d~sc~~b~d In and who ~x~cwed rtw forepoinp instrwmm. ~nd acknowledp~d bafor~ me tMt Mey ~x~cvt~d th~ s+ms for tM purposa
r~••~ .xw.a~. ~?„a .,;d Ola Mae Ubr4an
wii~ ot tM said .I• P• MOl'9AI1 upon ~ s~par~t~ ~nd prnr~ti
e=~n+inatan by m~ tak~n wpxaM ~nd ap~t fran hat wid hwband, Ktuwwt~dp~d a and b~fon n~ tMt tM ~x~cut~d said i~atrument frNly and vatvn-
rarily ~rd aritiw~A aV? compu~sio+4 cantr•iM. M~P~~.~har of a fmm Mr wid 1wsb~nd.
WITNESS my lund ~nd official s~al thi~ ~y ~ •A. u. 19~.~
~ Notary Publ'K in and fw tFw St~M of Floti~ lsr
F?~E~ A~NO R~CARP€~ Mr c~,~..~, .xa..u
rta~.+?Ta. ST. Ll1Ct=` COUNTY, FLA. •/f'-'f/:;~.
fim f~~l Sarinps i loan As~ocia~~a?~~~.~.~Vtia . _ . ~ , r'. ' ! . '~y,
a Fo.~ vKrce. MpTA~ ww~„ :TA1E Yf 4T -
Fat ii~.ce. Flwid~ ~ ~T1 L]~
MY COMMISSION D(PIRES afi ~ . . :
. ~CU ( ~ ~ wNOao n~ROVO~ r~co ~•!t!~*~N~w~t . . ~
t) , i t1: 5 S . : i
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This instrument prepared ~~~~K c~~c~~7 ;,ouRT ~ ' ~
Frst Federal Sav. & Lo3n Assn.
f Fo~t Pierc~
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