HomeMy WebLinkAbout1229 _
~ ;
To pl~u and tontinuouily kt~p on tM bvitdi~ now a Mr~afi~r ~iruat~ on aW land ~nd on ~11 putpnwnt ~nd pKana~N covK~d bY tN~ ^a~q'
p~, with ~II p.emiun+~ ther~on p+jd io fuii, fin tnswu?a in tl+~ uiwl standkd polky fain, ~n • wm ~pProwd bY tl+t MOItTW1GEE, ud windttam
Iraw~ in tM vwal sundard pol~cy fam. In ~ wm approv~d by tM~RTGAGEE. M? wch camP+nY a ea^W^~a a tM MORTGAGEE may
ditKfl M~d ~II fin and win~form hawanOf POlkiy on ~ny Of Nid bNlidie~4 My 111hfMt 1FN~f111 Of pilt iFNt~Of, 41 fIN apy~pa~~ W~f afor~Nid 0~
in ~xuss tl+Nwf, ~hall conuin tM• wval standard mon9a~ daus~ o~ ~uch ahM daus~ a tM 11Aorty+~ m~Y ~Wu~n, nwkinp tM Iws undN aid pol}
ciw. Nch ~nd ~very~ WYabl~ a aid MORTG/?GEE a in intKat n+ay appes•: a~d ~ach ~nd wtry tuch policy ~MII b~ praoptly asyn~d ~nd d~livu~d to
u+y Mld by ~aid MORTGAGEE a fwtMr awrit~r ro aid mort9op~ d~W. and. r+a I~u th~n hn l1~ day~ M advanc~ of tM ~xpk~tion of ~ad+ poUc~r. to da
Uwr ro aid MORTGAGEE • newwal tMnof. wp~tha with a naipt ta~ ~M p?Nntum oi wch r~watj ~nd tMn ~h+ii b~ no fin o? wir~storm inwrana
plaad on ~ny of aid bulldin~, a~y intaat NNnin a p+N thK~of, unl~ss in rM form' ~nd wi~h tM lou p~y+bl~ as afonwid~ ~nd i~+ tM ~wnt aey wm
of mon~y becan~a paY+bl~ u!~ wch Pdky pol'ci~s a~d MORTGACiEE shall Mw th~ option w na~iw and ~pply tM s~ on ~n~ d tM ind~bttd~
ne~ Ncwed hK~by or a p~nit s+id MORTGJIGORS to rsaiw and us~ N a ~ny part fMreof for o~her purpose~. wi~hout thereb~ waivin~ a impai~
irg +~y? peity, lia~ a ripht w~da a b~r virtw of thb mortp+pet ~nd in t1N ~wnt wid MORTGI?GORS sh+ll fa any nason f~il to kNp the s+id pnmisa w
tnwnd. ar f~ll to defiwr M~MN ~+Y af wW polici~s of inwrnw to said MORiGAGEE, w f~il promptly to p~y ivlly ~ny pre~niun? tMnfa a k+ any
nip~d faq b ps.f«n~ d'nch+~p~. ~x~cvh. ~fhct. oompl~n. aon?Pb with ~nd aWd~ by tNs cown+nt, a any put hK~of, s+W MORTGAGEE m~y pl~a aod
WY fa wch in~wano~ a~ny put tMrwf without wNvinp or aff~ctinp ~nt? oWption, ~i~n. pwb. a?ipht wda a by vktw of tht~ Mortp+p~. ~?d the
fvll amount of Nch and w+ry such WYr~n~ siwll b~ immediafdy dw s~d p~y~bb snd shall bw inta~st hom th~ da» thenof until p~id a1 tM r~t~ ol
nie» pK antuen pN +m~ ar?d tog~the~ wifh weh inta~st s1?all b~ s~tw~d bY tM IMn of thk Iaotq~.
1. To pKmh. oo~ndt or svffN no wat~, imp~'vm~nt or d~»?iw~tion of said propKty o? ~ny pwt tM.~of-
S. To pay ~II ~nd sinpvl~r th~.coats, cMrpa ~nd ~xpN+~„ indud~^D a r~asawbh attorney's fN ~nd aosfs of ~bsn~cts of titl~. 4~ax~~d a p+id at
any tim~ b~r wld 1MORTGAGEE, b~c~~ or in th~ wMt of ~M f~ilw~ on ~M p+rt of tM said MORTGAGOR a duly, pramptly and h+lly pKforn~, dych+~.
~xacvt~, effed. oompbN. comPM with and ~bid~ b~r tach and tvery the stipul~tioe~, preem~nts. oonditio+r. and aownants of sa~ pomistaY ~ot~ ud thh
'~+9~ +^Y w ei~Mr. and sa~d cosn. d~ar~es and ~xpares, e~ch and ewry. sMll be imm~diahly dw and p~ysbNs wh~tM~ o~ ~ot tMre b~ notioi d~
mand, arnmpt to aollect a wit p~nd~~ps +nd the fvll ~rnow~t of ~sch u?d wKy wch piyment th~ll b~ar int~rost from tM dat~ tMrooi unKl p~W at the
rate of nitK p~r dntum per amwm: +nd sll said tdst~. thupes ~nd expenses inannd or paid. topttMr with autl~ IniK~at, ~lwll b~ acur~d by th~ Iwn of tha
matp+p~.
6. iMt W tn th~ ~veot of aay b?~ch of thb Mortqape w default on tlr put of th~ MORTGAGOR, or (b) in tM ~wnt any of ~aid aans of mon~y
h~nln r~fKr~d ro be not promptly u~d fully p~id within thirty (30) dsys mxt afte? tM sam~ s~verallp bscan~ dw ~nd payabl~ without d~m~nd a notice.
or W tn ~h. w.nr each and wuy tM snpu4No~a. +9r.e+nenn. oondi~iaa and cov~n~nn of sa~d promiswry nw~ ~nd th~s morfp+~ sny a ~ir1+K an na
iuy. Pro~ry .~d fidy P..fo~~,+.d, d~:ch+rped. execut~d, ~fftct~d. compl~ted, comp~wd with and ~bided by, tMn in ~~tMr a any such ~wnt tM aid ~
prt~tt wm nKntiorwd in s~id p?anisswy oot~ thM nmaininp ~~W~d. with interpt aarwd, and all moneyt aea?r~d har~by. th~l) bseonn dw and WY'
•DI~ fwthwi~h. Of fMtNftN. at the option o~ s~id MORTGAGEE, u fuly and completey ~s if all of the said wms of mor»y vwn oripin+liy sNpulated
to be p~id on s~ch d+y. aMAhinp in said prortiasory not+ o? in this Mort~a~ fo tM tontrary notwithstandirgj and ther~~ipon ot thtre~hw N tM option of
said MORTGAGEE, witlaut eoYict o? dem~nd. wit at la~v w In puity, ther~fon w tl~ere+RK ba9u~. m+Y be Prosecv~ad ~s if all nwntys acvnd hareby
had matw~d prior ro ~n i~tiwrion.
7. That in th~ ~vent thst at the beyinnirg of or ~t any tim~ pendirg aqy wit upon this Mortp~, or to faeclou N, w to reform H, w M~nfo?p •
payment of ~ny daims hereuodar, aid MORTGAGEE sh+ll ~pply to the CouA havug jurisdictioe thereof tor the appo~ntmero of a Reteiver, wch Cowt shall
FortFiwith appoint ~ receiver of said ~~wrt~~yed prop~rty aU ~nd urg~lar. i~clud~np all ~nd sirgular tl+~ i~can~, p~ofits. i~sues and r~venues from wh~twer
wurc~ daived, esd? and every of wFiKh, it beinp ~zprcssly vnders~ood. is hereby mwtg+ged a if ~pec~iiulty ~t forth and dewibed in tM ~rantinp a+d
1~ab~ndwn clavses herwf. uid s~d+ Reuiv~r shall Mve dl tIM bro~d ~nd effectiw funct~ons and povver~ in anywise eMnnted by a Court to a Rec~iver. and
•uch appointment tAsll be mad~ by wd+ Court a an admitted eq~ity ~od a m+tter of absolute ?iyht ee wid MORTGAGEE, and without rsiersnu ro tFr/
~dequacy w kwdeqwcy of tl» v~lw of tM PrbpertY mat9+ped or to tM wlvency or insolvency of said N10RTGAGOR or tht defenda~ts. and that s~ch
renn, profin, incane, issues and revenues sh~tl b~ ~pplied by such R~ceive? accordir~y to tM lien a equity of s+id NIORTGAGEE ~nd the practia of wch
Court. .
& To duly. promptly ~nd fvlly p~rfwm, d'ad++rqe. exttute, effect. compkte, comply with and ~bid~ by wch u~d wKy th~ stipulatioos, ~preema+~b.
cor,ditaro and coven.nrs a~ ssid promnsory nw~ .nd ~hit mor~y+g. set forrh. .
9. ihat in tM went tM awnership of ths mo~tyaped premises. or any p+n thereof, becanes vested in • pNSOn otf~et tMn tht MORTGAGOR, tM
MORTGAGEE, hs wcceswn snd ~uiyns, m+y, without ratice to the MORTGAOR, deal with such suaeuw a suueasor ia intersst with r~ference ro this
mortpape and the debt hereby secwed in the sams m~nner as with Mortgsyw witFaw in any way vitiatinp w dFscFWrgi~g tht Mort~+pas' •lisbility Mn-
under or vpon th~ debt hereby sewred. No ssle of the premixs hcrcby mortyayed ~nd ao forbe+rance on the part_ of th~ JNORTGAGEE or its suaesson
or sssigns and no exte~sion of the time fp tl+e payment of the aebt he.eby secvred piven by tlN MORTGAGEE or its sucusson w assiyro, shall bp~rab
ro rN~~se, dud+~r~e. a~odify dwrge a affect the oripinal lisbiliry of ths MORTGAGOR herein, eithar in whole w in put.
10. k is specifically ~grecd that time is of the essence of this contrsct. ~nd that no waiver of u~y obliyation herevnder w of the oblig~tio~ se-
ared Mreby sMll at any tun~ tl+ereaher b~ held to be + w+iver of the tsrms hereof o~ of the irutrument secured F~erby.
11. In sddition ro the faego:rg monthly paymenri of princ:p~l and interest required by the promissory note secvred hereby, mortyagor covena~ts
and ~grees to pay to rtwrtgsgee with eath monthly payment ~n ~ddirional sum estimated by mortyagee to be eqwl to 1/12 of the annual cost of the follow-
irg:
A-All real property taxes kvied w assessed against the above described resl estats.
B-Premiums on fire and windstorm inwrance ss hercin ~eq~~red to be urried on the improv~ments situate oo the ~bove desaibed prertiises.
C-Premiums on such mortgsge gwnnty insurance as matgsgee shall from time ro time deem fit to urry on the {oan secured hereby.
Matg~gee shall from time to time notify mwtgagor i~ writKg of ths amount dve srd payabk he?ew~der and s~xh.sum shall thereupon b~ due and
! payabb on the due date of the n'Yt monthly psyment and sach successive month thereafter until mortgagee sh+ll notify nwrtgagw of • change in such
i amount. Such wms shall be applied by mwtgapee tow+rd the p~yment of real property taxes, inwrance prem+vms. and mortpaye ~uaranty inwru~u i
E P~lTNMIS. f
~ IN WITNESS WHER said MORTGAGO her =nto set his Mnd and seal the day ~nd year fiint sforessid.
~ Ni in 1ht pres~nte .
h. ~C~~Q L~ ~ ~.`.2_(e"q
~ n
~ao
~ ~o
STATE OF fLOR10A ~
COUNTY OF $t. I.L1Cle ~ ~
~.~...d G. B. Walters '
e.t«. AlP«l
eCe Walters wif~, to m. W.u kno~n, .nd known w m. to b. ~
tfie indnidwb d~scribed i~+ ~nd who ~xecut~d ti1~ for hutrwnem, and acknowkdyed before me that tlwy ~x~wtd tM ssme for tM pi+rpos~s ,
~~fe~ ~ ~ . Alliece
Walters
w~f. M~ G. B. Wa ters upon ,,ep,..rs and priv+e.
ex~min~tion by me taken separ~b and apart from ha said hv~band, adu+owledped to and before m~ tfat sh~ ~xewted sa+d instrument frstly and vdvo- j
tu~ly and w~thaA ~ror compulston, constrsint, appreh~ O~ear of or from her said Fwisbsnd. • 68 ~
~ WITNESS my 1»rd and officisl stsl this ~'7'~ day of .IuI1e ~ D. 19
~
Notary Public in s~+d for the Stat~ cf ida at I.~ry~
~ My Corrrnisaion ~zpk~s:
Refvrn Ta / / • 2.11 7~
~ ~ F.a..~~ s.,,~. a~~t~«, . ~0T~ur n~uR-n~~ oF AT(~~
Of Fwt Pieru. IMY COMMISS 'K~M1 E4PIRE5 ~~'16, 197~
Fort Pierce. Florida ~o TMwou4+~ lwcp frr: ~~~TS~wo~~~
FILEO ANO RECORDED~ ~ .
~ ST. LUCIE COUNTY. FLA. :
~ R~rflf?^ `JERi~IFO ' '
~J; , v'.,"':
~ ~ ; Y
This instrument prepared by -~~~3~ - _
First Federal Sav. E~ loan Assn. '68 JUN 2 I AN I• Y _
o~~ . f.~~• :
of Fort P'erce . :
. .
gy ro~E~ ~oiTRas - : -
^ , r
CLERK CIRCUIT COURT
_ ~ ; c~~- ~172 . ~ ~k
- ~ _ - - - . -