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HomeMy WebLinkAbout2530 i ' ' _ ~ 1 . ! to piaa ~nd ca~tinuously kNp on tM buildirgs rww or h~r~~ftN a~uat~ on s+~d land and a+ ~II equipm~nt and p~.sonally cownd by thts n+aq~ ~ ~p~. with ~II premiw~e the~eon p+id in fuli, fire ieuw~nc~ in ths ui~al standsrd policy fo~n+, ~n • svm ~pprovad by tM MORTGAGEE, and wi~dalorm ` Gawanc~ in tM uw+l ~undard pol~q fum. le • sum approvsd by ~M MORTGAGEE. i~ such companY o~ tor^W^~es a tFw MORTG/1GEE e~+~Y . dtr~et~ and ~II (u~ and w'u~dstwm iewrann {>OIiCN~ on any of s~id b~ildi~ps, u?y inMr~st therein or paH 1M~wf, in IM a49rp~t~ wen ~fo~asaid w t N ucaa tMrwf, th+ll cont~in tM uswl ~tandard mort~a~e~ da~s~ or iuch o~her dause as tM Mwtp~ nuY rMvi». makinp the bu ~e~de~ uid po~F ; ci~a„ tach and ~wry. WY+bi~ w s+id MORTGAGEE as ib i~tKat m~y ~ppau, and each u+d ~wry s~ch policy sMll bt prompdy sss:y~ed u+d deliva~d ro ' ~ny M1d by s~id MORTGAGEE as fu~the~ ~ecwity w said maty+~~ dsbt, and. not 1~ss tMn ten 1101 days in +dvaoce of tM ~xpiratan of ~ad~ po~rcY. to d? ; liwr ro said MORTGAGEE • ren~w+l tF?sreof, toyethK with • receip~ fw tM p.emium ot wch renewalj ~nd th~n shsll b~ no f'a~ o? winditorm inwr+nc~ ; plaad an aey of s~id b~ildinps, ae~y iotereit tMrein or psrt thereof, vnlsss in ~A~ form'a~d with tM loss p~Y+ble u ~fw~aWj and in tM ~vt~t u+y tum pf ,non~y beca~ws p~yablt w,~dK wd~ policll a+ Po~~ N~ ~RTGAGEE.shatl Mw ths opt~on w nceiw and apply tM s+m~ on +ccouM o~ tM tnd~bte~ nyt s~tvr~d Mr~by ot a permit s~id MORTGAGORS ro receive ~nd us~ it w any pa?t thereof tor othcr purposes. without the?eb~ waivi~y or impair- irq ~ny pu;ty, li~n a right under ar by virtw of this mortya9r, +r+d in H+~ ~vem s+id MORTGAGORS shsll fw ~oy reason fail to keep tM said pr~mis~s so inwred, or f~il to dtliver promptly any of taid policies of iniunnu ro said MORTGAGEE, w fail promptly ro p~y fully aMr p~amivm tMrefor a In ~ny nsp~d fail b perfonn, dischar9s, execute, ~ffM, complete, comph with ~nd ~bid~ by this coven+ro. o~ +oY Psrt Mreof. ssid MORTGAGEE m+y place +nd paY fer such inturu~or w ~ny p+A thxeof wi~hout wdvinp w affectiop an~ optio~, li~n, p~ity. u ~iyh~ unda a by virtw of this Mort~ay~. a~d the ivll amouro of tsth w+d w~ry wch P+Ymant shalt be imm~diately dw and p~ysbN u~d aMll beu interes~ from ths d~t~ thereof until paid a~ th~ ~at~ ol nin~ pK canwm pa aonum and together with tvtl~ interest sMll be securod by tM lkn of this matpap~. 1. To permit, camndt or wffer no wut~, impairment or deterioration of ssid properry o~ +ny p~A therwf. . • 5. To p+r all and sirgulu the tosts, c1?+rpes +~d expenses. includinp s ~easo~+abk attaney'a fes snd tosts of abstrscts of title. incun~d w paid a~ ~ ~ny trne bp s+id MORTGAGEE, becausa w in the event of the failwe on the psn of the ssid MORTGAGOR to d~ly, promptly ~nd fully perfwm, dixharga •xecvte. ~ffecl. canplet~. aomply with and ~b~de by ~sth and every the sYr~wlations, ~gr~ements. conditions, snd covenants of said promiswry noM +nd this mwt9~ ar?y or athN. aad sa~d costs, charqes •nd ~xpeeres, each and eve~y, ih+ll be immedi~tely due and psyabk: whether or not tha+e b~ notici da msnd, ammpt to collect or suit pe~ding: u+d ths full art~ount of each and every wch p~ym~nt shall bear interes~ from the date thereof until paid ~f tF+e rale of nine pe~ tentum pet snnum; arx! atl iaid ccsts, tl+ar9es and ezpenses inc~rrad or paid, tope~her with such interest, shall b~ wcwed by t!w lien of this d. 7fwt in the event of any breach of this Mortpap~ w default on the put of the MORTGAGOR, w(b) in ths ~ver+t ~ny of s~id swns of money Fwrdn roferr~d ro bs not promptly and fully psid within Ih"uty (30) days nex~ aftc? the ssme severally become due and payable. withovt demand or notice. or W in the ew~N esch u~d ~~,ery the stipvlations, sgreemeros, conditions and coven~nn of aid promisso?y note sod th~s mortyaqe aay w ei~lw? ar~ nal ~uN, promptly ard fully performed, aischsrged, executed, effstred, completed, complied with and abided by, then in either or sny such ewnt tl+~ said ag prayrt~ sum m~nt;awd in s~id promissory note then remaieinp unpaid. with inferest accrued, and s11 moneys secured hereby, shall become dw and psy~ abl~ forthwith, w thereafta, at tht option of wid MORTGAGE£, ss fvlly and comptetely as if all of the said sums of moner wero w~p~nally stipulsted ro p~ pa;d on such day, anything in said promissory note a in thn Mortgage to the contrsry notwithstsnd~ng; and thereupon or thcreafter a~ tM optior? of said MORTGAGfE, without notice w demrnd, suit at Isw or in equity~ tF1lfl~OfQ OI 1IIQfNftH begun, may be prosecuted u if all moneys secvred hereby had marured prqr to i+s institvtion. 7, Thst in tM event that st the be9inning of w st any tirn~ pending aoy suit upon this Mwtgage, or to foreclose it, or to roform if, a fo enfwa p~yment of any da'uns hereuoder, said MORTGAGEE shall apply to 1F~e Coun having jur7sdiction thereof for the ~ppomtment of • Rece~ver, svch Court sMll fortliwith ~ppoiM a receive? of uid mortga9ed properhl all snd sirgular, includ~ng all snd singular the income, profits, issues and ~evenues from whatever tovrce derivtd, eath ~nd every of whitF~, it being expressly und~rstood, is hercby mortgaged as if spet~fically set forth and dexribed i~ tM grsnting and Mb~+~d~m da~ses hereof, snd such Recciver shall Mve all the Moad and effective fv~xt~ons and pewers in anywise entru~ted by • Court ro ~ Receiver, sr.d wch sppantment shall be made by s~ch Cwrt ss an admitted equiry and a mstter of abwlute right to s+id MORTGAGEE, and withoul reierence to th~ ~dequacy or inadequscy of the wlue of the property mortg~ged w to the ionrency or fnsolvency of said MORiGAGOR w the defendants, and that such rents, profits, intane, iuues and revenues shall be applied by such Receiver accordin9 to the lien or equity of said MORTGAGEE and the practiu of such Co~rA. 8. To duly, p?omptly and fully perform, diuharge, execute, t:iec:, romplete, comply with and abide by esch and every the stipulations, agreemenb, conditions and coveeann in said promissory note pnd this morto:,ge ut forut ~ 9. Thst in the eveM the ownership of the mortgsged ?remises, o~ an~• part thereof, becomes vested in a person other thsn the MORTGAGOR, tF+~ ; MORTGAGEE, its succeuors and auigns, rrwy, withouf notice ro the MORTGAOR, deal wifh such succassor w successw in iMerest with refcrence to this ~ mwlgage and the debt hereby secured in the ssme manner a' with Mortgagw withovt in any way vitiating w distharging the Mo~tgagors' liability here- ~nde~ u upon the debt hereby secured. No sale of the prcmises hereby rnrrtgaged and oo fwbearance on the put of the MQRTGAGEE or its svtcesson w auigns ~nd no extension of fhe time for the payment of the debf her~by secured given by ~he MORTGAGEE or in successors w ass'~gns, shall operate to rele+se, d~achar~e, modify change or affect the orgin+l li~bility of :ne MORTGAGOR tK~ein, eithe? in whole or in pa?t. 10. It is specifically ~greed that time is of the esxr.,e of this contract ar+d that no waiver of any obl~gst~on hereunder or of ths oblgstion se- twed hereby sh~ll at any tune thereafser be heW to be a waiver of the terms hereof or of the instrumeM setured herby. I1. In addiian to the forego:ng monthly payments of princ'pD~ ar~d interest required by the promissory note secured hereby, mortgagor covenants and sgrees to pay ro mortgagee with each monthly paymcnt an addirionsl sum estimated by mortgagee to be equal to 1/12 of the annua) cost of the follow- irg: A-All real property fa:es kvied w assessed against the above described real estate. 8-Premiums on fire and wind:torm insurance as herein requ~red to be carried on the improveme:?ts situate on the above described premises. C-Premivms on such morfgage guaranty insurance as mortga9ee shall from tirrx to time deem fit to carry on the losn secured Fxreby. . Mortgsgee shall from time to time notify mortgagor in writing of the amovnt due and payable hereunder and such wm shall thereupon be due snd ~ sble on the due date of the next monthly paymem and each s~ccessive month thereafter urtil mutgagee shall notify mortgagor of a change in such WY . ! amount. Such sums shall be spptied by mortgagee toward the paymcnt of real property faxes, insurance prem:ums, and mortgage guaranfy insurance premiums. ' IN WITNESS WHEREOF, the said MORTGAGOR hss hereunto set his hand snd seal the day and yesr fint afuresaid. 1 Sw and iver ' tl~e ptesence of: f.GZ. ~ r _ ~ ~ ~ Crt-fi~~L Nn (S~i~ ~-~n ~n STATE Of FLORIDA ~ >^int Lucfe u' ~,,,,,,,~P,,,,,,,i,~,,~„~ Ruth Niller rTicholson. a sin~le adult a~- his wi1e, to me well known ~nd known to me to b~ tM individwls•described in and who executed the foregoing instrument, and acknowledged befwe me that they executed the same fot tM purpot~s fl~erein ~xpress~d. ~+w!-I~~~-~~eid~ S.~i+ ~:trf. ~ , -~vif~ ~-tl~r-wid A'1~?!r~1~'y!"~'~i"~~ -esaenina?iarlf~Tw ~sken ~eparate~ano- sps?rfiran~f,er~safd~ Fn,sbrard.~sciceawledplt~tv arR! ~befars'n~thar sfis Ticlc9te~ ~~tfo'~'!Q:'t1!lfjr~~ob~ -taiFy-s~+d-v~Hhwrae~ mnpubivrr, cvnsnainr, ~pprel+ensieT arfaa vi-~or fraerf~erwid I~nd. . WITNESS my hand and official ieal this 22nd day of `juiy - '-~A. D;~v~g ~ _ . otary Public in end for tF~ S~t ~~{aida'M My Cornmtuion a[pir~l: r' i ~ Retu~n To: " ~ ' 1 0 ~ ~ firrt F~de~d Savinps i loan Assotiat:on . NOtify PI~K. Sti~!'Ot~ ~•~ql:' ` of Fa~ P;««. FILEO AND RECOROEO • ,,;y ~„~,;,:;a, 23~~ 1969. ~ ~n P~~.«, fbr~da ST. LUCIE COUNTY. FLA. b.dw.. ~.«K.. ?k. a c.~..r. c.. ~:rRl~'~D This inshument prepared by 1~i~Q0 First Federal Sav. & Loan Assn. '~8 ~(J~ 23 ~ I~ : S oi Fo~t Pierce By D riscoll t; t V I' r'2 S CLERK •CIRCUIT COURT , sooK 172 P,~cE 2516 ' N~- . . . _ _ _ _ _ _ _ . v . ~ ~ _ _