HomeMy WebLinkAbout1560 S. To pl+a ~nd conttnuovsly kNp on tha bvildinps now a M~~aft~? ~ituau on said lu~d u~d a+ ~II puipnNnt and puton~lly cownd by Mi~ mor1~
p~, with ~II pnmlwd? thK~on p~id in full, fin ir?iuru+a G+ tFy vswi suedard policy forn~, ~n ~ ~w+n +pprowd by tM MORTGAGEE, u~d wi~tarm
ieaw~ in th~ utwl starKla.d polity fam, in ~ sum approwd bY tM Al10RTGAGEE; in wcA comP+nY a? ca^P+^as +s th~ MORTGAGEE may
dinett ~nd ~II fir~ and w'uwhwrm intiwa~a polie~+ a+ +ey of said bvildie~pt„ sny Mtenst tMr~ie o? p~t ~wf, in th~ appre~a+~ wen aforn+id a
M ucass tMnof, ah+ll aontaln ~Iw ww1 t~andard ma?p+pN clsus~ a such otMr daus~ ~a tM MortpapN m+y nqu'w. m+kiig tM loss w~d~+ said po~F
ciN. ~+d~ uid tvNY. Wv+bl~ w uid MORTGAGEE ~s in inter~st may ~ppN~. u?d sach u~d ~wry ~~ch polky ~i?~H b~ pranptly ~ss:yn~d ~nd deliwred ro
u~y Mid by s~id MORTGAGEE ~s fwther ~aciuity to ie?d mwtpap~ d~bt. and. nw t~ss thn? t«+ 1101 d~ys in ~dvaoa of tM ~xpU~ria+ of ~ad~ policy. to o~
liwr ro uW MORTGAGEE a ne?~wal tFweof, top~tiw with a re»~pt fa tM pr~niwn of weh r~wal~ and tl~~ sh~ll M no fin w winditum in~wano~
plapd on ~+y of s~id bulldi~qs, u~y interat tMrNn or pWt tMnof, vnlNS in ~M fonn'~nd with tl+~ lou p~yabl~ as ~fw~saidt a~d in th~ evMt sny wm
of ~y b~eoee~a payabl~ ve~r weh poliey a poliei~s uid MORTGAGEE shall Mw th~ option w naiw and ~pply tM ~ on aeoount o1 t!w ind~bted
Mp Ncvnd hu~by a to p~imlt ~aid MORTGAGORS ro nceiw ai+d ~ne H a u?y pa?t tlKreof fa othe~ pwposes, w~~hout thereb~ wsivin~ w impair•
irg ~nr puiry, li~n a ~ipht wde~ or by vi~t~+~ of this mortp~t ~+d h tM ~veot uid MORTGJ?GORS shall fa ury ra-.::+ fail lo k~tp tM s~id pr~mise~ so
Gaund, or fsil w d~liva promptN ~nY of said' policiet of imvnno~ w aid MORTGAGEQ or fail prompty to psr fully •nr pr~miwn tMr~for a in any
nsp~et f~il b pKfan+, dischar~e. ~a~cvt~. ~ff~ct. sArt~pl~t~. canP~Y wtth +nd ~bkM bY thb ~°w^~^t, w any put hKwf, s~id MORTGAGEE rewy pl~ and
WY for wch insw~ a any put tM.eof without waNirp or affectin0 +~1? optien. (Mn. W~rib. w ~ipM voda a by vtrtw of this Mortpa~e. and thc
full art~ow+l of ~ach and ~wry avch payrr~t ah+ll b~ NrrMdi~tdY dw +~d py+bl~ ~nd ~I++II bes? intK~st from tM daM tMnof u~til paid st th~ rat~ ot
nirw pa o~ntwn pN ~n ~od roy~tf+K with wch in?erat sh~ll t» wcund by th~ li~n of thia mw?p+p~.
I. To p~rmit, oommit or wffN no wat~, iaip+wm~nt or d~te~ioration of ~aid propKty o~ ~ny prf tMnof•
S. To piy all ~nd slrpular th~.co~ts. ch~rpas +nd ~xpNae~, incledinp a re+iansbN sttornty'~ ht u+d aosts of abstracls of title. incwr~d or p~id st
~ny tirM by said MORTGAGEE. b~caus~ or in tM swnt of tM fsilun on tM paA of tM uid MORTGAGOR w duly. promPtly ~nd ivlly pKform. dixMr9R
•xecvt~. ~ff~d. aon?Pl~t~. oomplY with and ~b'~de bp ~ad~ and ~wry tM stlp~tioea, aynemeots. conditiom. and aoven~nb of said promisso?y eot~ u~d thi~
,rM,~ ..:a .~...~..a and ~xn«ws, ~ach and ~very. sh+ll be Gne+~diat~ly dw ~nd p~y~W~t wMtl~ or not therr b~ notici d~
m~nd. ~tt~mpt ro odbct a wN p~nd'np: aed th~ fvll amovnt of exh_ uw ew+Y wch p+Ym~en shall b~a~ IfltHqt ftW11 tIN dit~ fI~l~lOl until paid at the
rate of nirw pK centvm pa ur+um; snd aN aaid cdsts, d+upes and expena~s incwr~d or pa1d, topetl~ with wch iruaat. sh~ll b~ a~cured by th~ lia~ of tFw
e, iMt ja in tM ~wnt of ~ny bre~ch of this Mort9+p~ w defauk on Nr pa~t of tl» MORTGAGOR, o? (b) in tl+~ ewnt ~m of said swos of nwewy
F~anln nhrnd ro be not promptly and f~lly p~id within thirty (30) days ~ext aRe? tM same severalty becarK du~ ~nd payaW~, without d~nwnd a notice,
or W in tlw ~wnt each ud ewry tM :tipulations. +9?asm~eb. cond~Yans u?d covt+?u+n of sa~d promissory not~ and this mwqap~ any w~iths~ u~ nol
iuly. prompty ~nd fully pKfam~d, discFurped, ~xscvted, efficted, completed, complNd with and abided by, the~ in eith~r a any such ~wnt fh~ ~aid ap~
pre~t~ wm mei+ta~re! in s+id promqsory not~ then ran~inir?p unpaid, with inta?est sccrued. and all montys saurod hereby. ~all become dw snd p~p
abb forthwith, w tMreah~r, at th~ option of said MORTGAGEE, u fully ~nd compktely u if all of tM said swns of money wM~ wipin+lly at~l~ted
ro be pa7d on such day, snythiny in said p.omiuory not~ or in this Mortpa9e ro tM contruy notwitMandinp: and therevpon oi tbsrea~ta. at. tFw optan of "
said MORTGAGEE, without oot~ce w~mand, wit st la~v w in equity. thcnfon a thsreafte? be9un, may be prosecvted as if ~II ma~sys s~wr~d her~by
had mafVred pr~of t0 iri iflttitutiOf6 ~ • , .
7, TMt in tM ~vent that at tFK beginnin9 of or at any time pending aoy wit ~pon this Mortg~pe, w ro forecbse it, w to nfwm N, or ro enfora
payment of ~ny claims hereuoder, ~aid MORTGAGEE sh+ll apply to the Gour~ Mvi~+g jur~sdcction thereof fw tM sppantme~t of a Raceive?, such Carit sh~ll
fortliwith appoint s recsiver of s~id mort9aged proptrty all and sirg~lar. includ~ng all snd si~yulsr tl+e incane. profits, issues ~nd revenues from wMtewr
wurc~ derived, each ~nd every of wh~ch. it bsinp expressly underuood, is he~sby mwtg~ged ss if spec~ficslhr set fa~h u+d d~saibed in the praroiny snd .
Mbsndurn davsts lia~eof, u~d svth Reuiver shall have all the broad and effective f~nct~un and paw~n in anywise eMrusted by ~ Covrt ro• Receiver, ~nd
such appointment ~hsll be made by such Caxt u an ~dmitted equity and s m+tter of absolute riqht to s+id MORTGAGEE, and without teference ro th~
~deqvacy a k~sdequacy of the wlve of th~ prbperty mortgsyed w to tF~e wwerxy w insolvency of said MORTGAGOR a tM defandants, ~nd th~t wch '
renes, profin, ir?cane, issves and revenues shall be ~pplied by such Receiver accordinq to tM lien or puity of said N10RTGAGEE and the practice of wch
G::,r~. t
8. To duly. p?omptly ~nd fully p~?fwm, d'acharg~, execute, effect, ca~kte, complp with a~d abKle by each and wery th~ stipul~tiorq, a~raements,
conditwn~ and ooven+~h in said promasory note and this mwt~sg~ set forth. ~ ~
9. Th~t in tM event the ownership of the mo~t4s~ed premise~, or amr psrt thereof, becwnes wsted in a penon other 1Mn the JMORTGAGOR, th~
MORTGAGEE, iri urccesson snd ~u~yro, msy, wirhow notice to the lNORTGAOR, deal with such waestor w sucl~asor in interett with rcference to this
mortyiy~ and the debt hercby secvred in the sams mamer a~ with Mortyagw withoW in ~ny way vitiatirg or d:s~rpinp tM Mortgayon' liability hera
under or ~pon the debt hereby sea,red. No s~b of the prem~ses hereby mong+ged and no fabean~ce on th~ put of -tFw MORTGAGEE or in suaesson
w assiyns and ra eatension of the time for the payment of the deb~ hereby secvred yiven by the AhORTGAGEE or'iri Wccfssars a usiyns, sh+ll bp~r~t~
to releae, dischar~e, modify char~e w affect the oriy~l li~biliry of the MORTGAGOR herein, either in whde w in pu~. '
10. It is specifically sgreed that time is of the essence of this contr~ct and tMt no waiva of a~y obl'g~tion hereu~der or of the oblipation sa
cured lareby sh+11 ~t any time theresher be held to be a waiver of the terms hersof w of the instrurnent secured herby.
11. In add~tion to the (orego:ng monthFy payments of princ:pDl and interest required by the promissory note secwed hereby, mortgagw coven~nri
and sgrees to pay ro mortgagee with e~ch monthly payment an addiianal sum estimared by mortgagee to be equal to 1/12 of the annual cost of the follow-
ing:
A-All real property taxes kvied w assessed agai~st the above desuibed real estate.
6-Promivms on iire and wirxhtorm inswsrxe as herein req~~red to be unied•on the improvemec~n sitwte on the abave•described prcmises.
C-Premivms on such mortgage guannty insu?ance as mortgs9ee shsU from time to time deem fit to urry oa the loan setvred hereby.
Mwtyagee shall from time to time notify mwtgsgor in writirg of the amount due and payabk hereuoder and such wm shall t!?ereupon be due snd
' payabl~ on tl» due date of the next monthly payment and eacF~ svuessive month thercsfter until mortgsyee sh~ll notily mortgagor of a cFWn~e in such
~ amovnt. Such wms shall be applied by mortya9ee toward the p~Y~t of real property taxes, inwrance prem:wns, an~f mortgaye gwranty i~sur~nc~
I P~emiwns.
i IN WITNESS WHEREOf, tAe s+id MORTGAGOR has I~ereunto set his hand ~nd sesl the day and fint aforssaid.
~ S~abd d~livared in th~ prea~nce of:
r x ?
~ ~ nra B. Hanco * a sa e ~
@ ~4 ~
rc..q
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STATE OF FIORIDA t
's
caNTM o~ St. Lucie - . '
~,o,,,~y ,~.,,.d Lura B. anceck~ a sinale adult ~ ~
~Iswit+~, to en~ vwll known ~nd known to ms to b~
tM G~vidwb. dacribed in and wta ~x~cufed tM ~apoirg instn~na~t, and acknowtedped befon me that !xT ~x~cv~ed tM sam~ for tM p~rrpwes
~ NNr~in ~np~~twd •M~~~~«~-
wifr~1~11wwii~ ~~wn~
~ wAww~e'anA ~w 4~en~ 1At~wcA 1~e~ 7l1~NR~lQ 71!'~nQ ~fFa1f 11?~ t1A~~A~ ~l~ewd w~ ~wiwn
~t~+~'~~~ M~~~~n~ ~oww~ir~ ~wM~w~iow~o?iMr ~f.o~f~w Iw Mid-~b~i~ ~ . .
WITNESS my Mnd ~nd offic;al wal this c1.~D-~ d~y of ',u~",;
June . ~R~; t?I~
' ` ~
r
~ FIlEO AND ~ ~ ~ ~
ry P ~c in ~nd for tht StNt of fbri~i I~ t~r~ ~%'S -
~ ST. LU C 1 E C 0 U NTY. F.~,,,,,a,;~ _ ri
RNwnTo: c~ c:n~,ir~iF:~~ d'°y
R.. n
~a f.d..~l s+vkqs a loan /1u«u,ion 07/ ~ t J ~ a
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Of fort P~erce. ~t ~/ly f~. ~{i~! 0~ AOfI~ ~ ~i~! ' ; ~ ~ y t~ r
w., oK.~.. fb.~a. ~8 ~~~sw~ E'qr'a M~rd 2~.14b~. f:.. • :
4 l~.w~.. w. a w.~rr ce
. . ~ ~a ,3 .
&..5f3 • •
This instrument prepared by ?~oi;~n ~ oiTpas .
first edera! Sav. b loan Assn. CLERK CIftCU1T COURt
~ of a~t ' e '
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