HomeMy WebLinkAbout1570 To pl+a ~~d contirwously kNp on tM buildinps now a MrNf»? sitwt~ on s~W land and on ~II puiprn~~t and pKSOnally cownd by t1+is nwrt~
ap~, with ~I) pr~miwM thawn p+id In f~ll. fin ini~ru?c~ in tF~ vswl iundard policy foren. ~n a sw~A approwJ by tM MORTGACsEE. and windstonn
ir~wann in tM wwl st~nda.d pol~cy farn, in • ~um approv~d by ~M MURTGAGEE, in wch comp+nY o? ca^P+^ia +s th~ MORTCsAdEE n+~y
dinct~ ~nd dl fir~ a~d wind~ro.m inwrana Pdki~s on uiy oi Nid buildinps, ~ny int~esf 1Mttin w part fh~nof, in tM p~rey~~~ wn? afarsaid a
In ucp~s ~wf, ah+ll contaln tM uw+l s~andard mort9spN cla~ a such otMr d+us~ a tM Mat9+pN e++y nqdu~. maki~ tM bu u~ s+id po1F
cia, Nch ~;,d ~vNy. p~Ysb1~ 1o aid MORTGAGEE as ib intKest may appqr. and tach and ~wry suth policy ~I+all be pranptly ~ss:~n~d w+d d~livs«d to
~ny MW by s+id MORTGI?GEE ~s (unha secwiry ro s+id morty~p~ d~bt. ~od, not hu th~n t~n (101 days in advar~ of tM ~apintion of ~ach policy, ro d~
IfvM ~o s~id MORTGAGEE • renewal tMr~of. topetMr with ~ reuipt fa tM pnmiuen ot such nnewalt and tl+K~ sMll b~ no 4in or windatwm ie?~w~not
pl~pd on ~ny of said bvildinps. ~ny Interat thsr~in a pah ttwrwf. unlas ie th~ fo~m'uid with tM loss p+yabl~ as afaesaWr +~d i~ tM ~wnt ~ny swn
of moMy becoews p~yabb w~dc+ wd~ poticy a policih said MORTGACsEE ~hall haw ~M op~ion ro nosiw and ~ply th~ we» on auount o1 th~ indebted~
mst ~ecvnd Iwnby or to p~r?it ~aid MORTGAGORS to nc~iw and us~ N w any part fhereof fa other purposes, withovt thsreb~? w+iviny or anpair-
inp anr pvi~y. IiM or rght u~da w by vktu~ of Mis mat~+p~s ~~+d in 11?~ ~v+nt uid MORTGAGORS sMH fw ~ny r~sson fail b ke~p tl+~ said pnmises so
inswad, a fatl b d~liver promptly any of s~id poliei~s of insunncs ro s~id MORTGAGEE. or ieil womo~ly to p~Y futly ae~y pr~eniwn? thaefw or in anr
nsp~ct fail b_ pKiorn~, dixhup~. ~x~w». ~ffect, compitt~. oomply with and abid~ by tl+is cownant. a~ey p+r1 !?Keof, ~aid MORTGAGEE may p~+o~ ~~+d
WY fa wd~ iruu~anca w ~ny pat tMreof without walvi~q or affMinp +^Y oP~ia4 (~en. pu~~Y. w ripht undK w by virtw of thi~ Mort9~e, u~d the
fu11 a~nouet of ~ach and wery such Wym~nt sh~ll b~ imm~dia»ly dw and pry~ and sh~ll b~a~ intenst from tln dab thareof until p~id at tM ~at~ of
nirn pK o~ntwn pK aevwm ~nd togethe+ witA wcA interest ~11 b~ acvnd by th~ Iwn oi Mis mat~+p~.
1. To p~rn+it, ooe~rnit or wffN no was», impakmem w derKioration of wW propaty o? ~e~y pa~t tMrwf.
S. To pay ~II a?d sinpul~? the.oosts, cM~yes u+d ~xpens~s. akE~:np + re+~on+ble anorn~y's f~ and wsn of abstr+ets of tiH~, incuned a paid at
•ny tirM by said MORTGAGEE, b~caus? or io tl» ~wnt of tM failwe on tM part of tM said MORTGAGOR to duly, promptly ~nd fu~~Y P~+forrn, dischar~
~xecut~, ~ff~et, oompl~t~, oanply with and abtd~ by ~ad+ and every the ~Yip~latioes, apreem~nts, condiYwea„ u~d oovenants of wid pomiswry nw~ and tFw
mo.tyap~ any a~ithN. uw! a~id oos~s, d~+rpes ~nd experrss, ~~~d ~verY. sMll be immediately dw and pay~Wei whsthe? a not thK~ b~ eatici dr
m~nd, ~nempt fo coll~ct a wit pMdiny; u~d th~ full ~nount of ~ach u+d wery wch payrnent aMll beu inter~st fran th~ dat~ thsreof until paid at th~
rate of nin~ pK centum per a~u~um; and all ~id cdstt. clwyes ~nd exp~nses incvrnd or p+id, topNh~r with suth intenst, sh+ll b~ s~twed by tM lia~ of tha
----~ilwt j~ in the event of-any bciad~ of thh Morlpap~ or defwh on Nr part of the AhORTGAGOR, or (b) in the went u~y of s~id wnn of mawy
henin nfa?~d to b~ not p?ompty ud fully paid withi~ thirty (30) d~ys next aftc+ the same ~eve?~tty becane dw and parabt~. wHhout denwnd or notio~,
w(c) in th~ wN1t each and ewry the stipulation;, agr~mants, conditions ud cov~nn of said p~omis:wy ~ote and this mortp~pe ~ny a eitlwr ut o01
july, promptly snd fvlly pKform~d, d~sch+rped, ~xa.vted, ~ffected, completed, compl~ed with ~nd abided by, tMn in ~itl~ a any such rr~nt tM s~id ap~
pre~t~ wm axntaned in wid promissory note tMn rsmaini~p u~paid, with inter~st accrwd, and ~II money~ secvr~d ha~by. sMll beoon~ dw and p~y~
abl~ forthwith, w tMreaher, ~t the option of said MORTGAGEE, +s fully and compl~tely as if all of the said wms of mon~y we« orginaly at~pul~ted
ro be paid on such day. snythin~ in said promiuory note o~ in this MortpaQe to the contrary notwithatandinq: ~nd thereupon or thereahe. ~t rh~ option of
~aid MORTGAGEE, without notia w dem+nd, wit at lawr or in puity, the~eforo or Mereafter bepvn. ..»y :,a e!1 mon~rs sea?nd hKeby
had m.w..d pra. ro ~n ins~itvrlon. .
7, iMt in th~ ~vent thst at the be9innirg of or at s~ry tim~ pendirg aoy wit upon this Mortgsye, or to forecloie h, o? to refwm It, or to enfo~a~
paymant of a~y claims Iwro~nder, s~id MORTGAGEE sMll apply to tF~e Coun havirp ju.isdtnan thereof for tbe appantment of ~ Rsceiver, such Cou.t ih~ll
fwtFiwith ~ppoint a?eceiver of ssid maty~yed property all snd sirgvlu, includug all ~nd sirgulsr tF~e income. p~ofits, is~ues~ ~nd rovenues irom wh~tevsr !
~ource ~d~i~ved. esch u~d every of which. it beirg eapressly unders~ood, is hereby morrgsged a if spec~fiuly set fa~h uid dewibed io tl+e prantinp and ~
Mbe~?dwn clavses hareof, snd such Rec~ive? shall l~ve all the broad and effecrivs funct~or?s and pow~n-i~1 ~nywi~e eMrusted by a Coun ro a Receiver, and
such appointment sMll be made by wch Cou?t as sn admitted eq~ity and ~~rrwtter of absolute ri9ht to s~id MORTGAGEE, ud without nference to tM j
adequscy or inadeqwcy of the valv~ of the prbperty maty+ped or to the sonnncy or insolvency of s~id MORiGAGOR a th~' defe~da~ts, ~~d ~h~t such i
rents, Frofits, inoorne, iuues and revenues sh~ll be applied by such Receiver accwdin9 to the lien w equity of said MORiGAOEF snd the p?actics of such !
Court. ~
8. To duly. pranpNy ~e+d fvlly periorm. d~scMrye, ezecute, effect, c~omplete, comply with ~nd abide by sach aod wary the stipul~tio~s„ apreamenb,
cond'dioro and covernna in said promasory note and this mwtgsge ser fath.
9. That in th~ event the ownenhip of ths mortg+ped premises, w any p~A thereof, becomes vested k~ a person otha~ Nwn the MORTGAGOR, ths
MORTGAGEE, tts wccessors aex! assgro, may, without noYice to the MORTGAOR, de+l with such wuessor or wcceuw in interest with reference to this
mort9pe and th~ debt hereby secvred in tM same msn~er as with Mwtgagw wit}wW in ~ny way vitiatinp o? distMrgng the Morty~ws' lisbility Fkra
under a ~poe+ the debt t?ereby secu~ed. No s~le of the premises hereby mortysged and no fwbearance on the part of the MORTGAGEE or in succeswrs
or suigm and no extension of the time fw the payment of the debt hereby secured yiven by the MORTGAGEE w iri wccesson or assiyns, sMll operats
ro rtka~: d~sch+r~e, modify cl»nQe o~ ~ffect the wiginst liability of the MORTGAGOR herein, sithe? in whole or in part.
10. It b spec~fKatly agreed that time is of the essence of this contract and that no waiver of any obliy~tan hereunder or of the obligation sr
a:nd hereby ~11 at any time there+fier be heW to be ~ waiver of the terms hereof w of the instrwoeM secured herby.
1. In addition to the forego:rg monthly payments of princ:ppl and interest required by the promiuory note secured hereby, mortgsyor rtrs
and agrees y to mortgsgee with exh monthly payment an ~dditional wm estim~ted by mortysgee to be equal to 1 Ji2 of the t e follow-
ing:
A-All real property ta: or assessed against the above described real esate.
B-Premivms on fire and windstam irn to be urr' unproyemenn situate o~ the sbove desuibed premi~es.
~-Premiuma on u~ch mortgage guuanty t ce 11 deem fit to nrry on the loan setured hereby.
MatQagee shalt Irom time rwtify mortgagor in writing of the smount due and payabk hereu ~all thereupon be due and
pa~abl~ on the due oext monthlY p~Yment ~nd•each succeuive month tt~e?r~her until mwtgspee shall notify nartgagor o in wch ~
amount. shatl be ~pplied by matgspee toward the payment of real properry taxes, insurance prem:wns, and mortgsge gwranty ins e
E IN WITNESS VYHEREOF, the said MORTGAGOR has F~ereunto set his hand and seal the dsy and year fint aforessid.
f
Sipi~d, Sw ~d in tM pres~nc~ of:
~ ~ ` ~
~ ~--n ~
~
K--n ~
ATE Of fIORIDA ~
~ St. Lucie
e.fon n+. perwn+~y ,pp~arsd Frank Martin ,,,d
Theresa I~~t~ri ha wife, to me well krawn ~nd know~ ro en~ to b~
tM indvklu+b d~scribed in ~nd who executed the fore~oiny &istrurtwnt, and acknowledyed before ms that th~y ~xecuted th~ ssme for tM purpwe~
~ Theresa Martin
wir. oi ..id Frank Martin „p~„ .,.P,..r. .~d p~iv.a i
•aam~natan by m~ taken s~psrab and ~part irom her s~id husband, adu~owl~dped b ~nd befor~ m~ that sne ~xacvt~d ~aid instrv~ntnt fr~tly and volwr ~
~s~ifp ~nd withovt ~ny compulsion, mratraint, apprcMns~on,_qr fur of or from ha uid Iwsband. ,
WITNESS my hand and oNici~! kal this__~ f j'~ d.p of June p. ~y 68
~ Q~
Notary P~bl' ~nd fw th~ Stat~ o~ Flaida N larp~ '
My Conwna ~~cpir~s: /~,CC'. G~ / S~
RNurn' To:
fint F~re! S~virg~ i lo~n Aasocution • ~
Of Fort P~erce. ..•L..~•. ~~OINy PY~(. S~it! O' pOfldi ~t ~
- ~'1~ ~Ilr Coamission Expires llup. 6 1971
con P~..c., f~«d, .i'. , `i.
~ ~~1v?M~Br~Ltr~tsib
~ V ~r
~-.7, 5
~ = v`~ ~ ~ ~ _ - F~~EO a~~o RECOROEo
' " ~ - • • S7. LUC~E COUN7Y. fLa.
~ ~
=r:. r . ~ ~c: _ . ~ ~~~r~_. ~
~ This instrumer~ Pr~Dnred tiy = . ' ~ .LF~63
first edera{ Sar. & loan 11ssn. ...r ~t~', ' 2
of fort ~ ~ ~ ~
~ : ' .co i~t I A~I 10 . 2
e . ~~t~~z~;~.•• uu u
_ e~o~172 F~~~~15~~
~ ~ ~ CLERK CIACUIT COURT ~ ~
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