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HomeMy WebLinkAbout2800 To pl~n and continvousiy kNp on tM buitdinp~ raw a l+NeaftN sitw» on i~id lu~d and on ~II equipn?~nt ~nd p~non~lly cownd by this mafp~ p~, with ~II p~~mivMt th~nw? paid in full, fir~ inswanc~ in tl+e vswi ~tandard polity ~wn?, ~n s wn1 ~pprowd by th~ MORTGAGEE. ~nd winrb~wm insw+nc~ in tM uwal aqedard polity fwrt~, tn a wm ~pprov~d by tM MORTGAGEE, in wch tompany a companip u Ih~ MORTGAGEE n?~y dince~ ~nd all fk~ and windatorm insvru~u policies on ~ny of Nid bviW~nps, ~ny fnt~nst tMr~in or pah tMnof, 111 1FN ~r~~f~ Wm ~fO~~Mid Of In ~xcess thK~of. ~MII contain tb~ uswl afandard mortpay~ ciws~ u such othN cl~us~ ~s tM MorfpapN m~y nq~u~, rt?~kinp ths iou u~de~ w+d pdi~ cia ~ach u~d twry. psY~bls to said MORTGAGEE a~ i!s lnterat may ~ppNr, a~d e~ch ~nd ~wry such polity ~MII b~ prpnptiy ~ss:pned ~nd d~livNed to ~ny Mld by uM 1NORTGAGEE as fuMMr s~curity to aid mw~y~ d~bt. ~nd, not Ihs tMn ten (10) days ia ~dv~nc~ of tM ~xpfr~tion of ~ad? polky. to dr livN to ~aid MORTGAGEE ~ r~wsl the?~of. 1opNha with • nt~ipl for the pr~miwn of wch r~r~twal; and tMn sMll b~ no fin a winditwm ins~rar~ plaad on ~Mr of qid buildirgs, ~ey intenp tMreii? w put tMnof, v~l~ss le 11» iorni ~nd with th~ loss pay~bl~ q~fw~i+~r +~d i~ tM ~vent •ny tuen of moe»y beeore~a pay~pl~ ~e~d~ weh poliey w poliei~s said 1NORTGAGEE ahall h~w tM opYron ro r~oeive ~nd ~ppty tM sunt on ~ccount o~ tM ind~bted~ n~u secv~sd Mrsby w b permi! sait] MORTGAGORS to reteiw and us~ it or ~~y parf thereof for othar pu~poses, wilhout thareb/ waivi~p w impai~- inp sny puity, li~ w ripht wid~r a by virtw of th4 mortpsp~s and in tM ~wnt wid MORTGAGpRS sh~ll fw any ~NSOn fsi) to ke~p tM aid p?~misea w insurod. a f~fl b dNiva promptfy ~ny of ~aid polieiss oi ieuws~os ro said MORTGAGEf, a fail promptly to pay fulty any `,remivm 1Mr~fa w in ~nr nsp~N fail to p~rfocn~, diuhary~, ezecut~, ~ffact, compl~t~, comply with and ~bid~ by this covenant, o. aey part hereof, ssid MORtGAGEE msy plice •nd paY for wch inwrano~ w ~nr put 1Mreof without walvinp or aff~dinp any option, IiN+. puity. o~ ripht undN a by vi~tw of thit JNort~ap~. ~nd tht full ~nowit of ~ach and ~w.y such psymer~! sMll b~ imrmdiattly dw ~nd pyabl~ and ahall beu intaest from tM dah tMrwf ~ntil p~id ~1 th~ rat~ ol eirw pK tent~m per anrwm and together with wth iateryt th~ll be sacuted by th~ i»n of this mort9~pe. 4. To pKmit, comndt or wffa no wut~, imp~irrn~nt w dete?ioratioe of said propKty w u~y, put tl~~of. 5. To pay all ~rd sirpuiu tM <osb. char~es u+d ~xpenk~, inci~dirg s reaaonabk anorney'~ fe~ ae~d oo~n of abstrxts of tFtl~, incvned or pald ~t ~ny time by iaid MORIGAGEE, becaus~ a ln tl+~ ~wnt of the failun on tF+~ p~N of tF?~ said MORiGAGOR ro dvly, promptly ~nd fully pe~form, dischargR sxecut~, ~ffea, oompia~. comply with ~r?d abide bp tsch ~od every 1!~ atipvistiont, ~greements, tot~dilioro ~nd oowe~nb of said p.omiuory note +nd tha mwt~~ ~ny a either. ~nd sa~d costs, char~ and experKe~, ~ath ~nd every, shsll b~ irnmedi~tely dus and p~y~ble: whether o~ not tF?K~ be notici ds mand, att~mpt ~o collact or wit pendiny; and tM tutl ~nwunt of each ~nd every wch p~ymero ~hall bear interes~ from th~ datt therwf until paid at the rale of nln~ per tentum per annum; and all said cd~ts, ciurges ~nd exp~nses itiwtred a pald, roge~hs~ w~rh .uch inrer.sr. ahall b~ s~cur~d by t!K li~n of thi~ ^~+W 0. Th+t in th~ event of ~m tx~ach of this Mortyap~ or def~ult oa the part of th~ MORTGAGOR, p(b) i~ ths event ~ny of ~aid swns of morny herein r~ferrd ro be not promptly and fully p~id within thirty (30) days next afte? the same sever~tly becane dw and payabl~ without d~msnd o~ no~ice ' or in the ~veqt each ~nd srery tM stipulatio~a„ egr~menu, conditions a~ tov~nanq of ssid promiuwy note H?d thw mortQ~ ~ny or ~ithsr an ~01 ? iuly, promptly ~+d fully pKfwrned, d~scF?arped, executed, effbcted, completed, complied with ~nd ab~ded by. then in eitMr or any such ~vent tM said ap~ yre~t~ wm mentiorMd in said promiuory noM then remaininp unpaid, with inferest +~uued, and ~II ma~eys s~cured hereby. shall ;,ecomt du~ and pay- abl~ fonhwith, w thRresher. at tFw option of said MORTGAGEE, ~s fully and comp~aey as if all of the ssid wms of moaey wer~ oripinaNy stiputated to be paid o~ t~d? d~y. ~nythinp in ss+d promissory note w in this Nlortyage ro the contriry notwithstandinp; and therevpon or the~eaha at th~ op~ion of ~aid MORiGAGEE, without aotite w dem~nd, suit at lawr or i~ ~qvity. ~herefon w thereafter bepu~, may be prosecuted ~s if all morKys secvr~d her~by had m~tured {xiw to its institutia~. 7. Th~t in tM event that at the be~innir+g of o? at any time pending soy svit upon this N~ortgage, p 10 ~O~KIOfa iL a to reform it, or to enforot payment of ~ny etaire» he?evr?de~, sa;d MORTGAGEE shsll ~pply to tF+e Cwrt 6aving jurisdiction thereof for the ~ppwntment of a Receiver, s~ch Co~A sFull Fatliwith ~ppoint • reteiver of said mort~aged propeAy all ~nd sirgvlar, includ~ng ~II and singular tM irrcome, profiri, issuea a~d rwen~ei from whatever wura daived. ead~ and every of whKh, it being e:preuly understood, a hneby mo.tgaged ss if spec;fic~lly set for~h ~nd described in th~ 9raroiny a~d habendum daoses hereof. and such Receiver sMll have ~II the broad and effective func:wns and powcrs in snywise entrusted by a Couh to a Receivsr, ~nd wch ~ppointment sAa11 be nwde by wch Court ~s an admitted equity and a maner of abwlute right to said MORTGAGEE, snd without referenct to ths adequxy a insdeqvacy of ths value of the property mwtgaged or to tl?e sonrency or insolvency of said MORTGAGOR « the defendann, ~nd that such renrs, profib, income. ~ssues and revenues ahall be applied by such Receivcr ~ccordirp to the lie~ or equity of said MORTGAGEE and the pr~ctiu of such Court. 8. To dvty, promptly and fvlly perfo?m, discMrg~ execute, effect, complete, comply with and abide by each and eve?y ths stipulations, ayreen?enb, condiYwns and covenanb ~r? ssid promissory note snd this mortgage set forth. 9. That in tM eve~t ths ownership of the mortg~yed premises, or any part t!xreof, becomp vested in a person other thsn the MORTGAGOR, tM MORTGAGEE, its successors and ~uiqns, may, without notice to the MORTGAOR, deal with such uxceuw w successw in interest with reference to this mortpaye a~d the debt hercby setured in the s~me manner as with Mortgsgw without in sny way vitiati~g w diuhsrging the Mortg~gors' lisbility hera unde~ w vpon the deb~ hereby secured. No ssle of the Rrem~s~s i?erebY ~w?~9a9ed +nd no forbearance on the part oi the MORIGAGEE or its succcuors or iuigrp snd no extension of the time fw the paymeM of the debt hereby set~red yiven by the MORTGAGEE w its successon or sssigr?s, ,hall operat~ to releue, dixhtr~, modify charge a affect ths origind IisbiGty of the MORTGAGOR hsrein, eifher in whole a in part. 10. It is spec~ficslly agreed tMt time ia of the essence of this contr~d ~nd tFat no wsiver of any oblgafio~ hareunder or of ths oblip~tion so- cured hertbr shal! ~Ily tjmO tAt~NftN be_ held to be ~ waive~ of the terms herrof w of the in~trunxnt wcured herby. ~ 11. In addition to the forego:ng monthly psyments o1 priric:pDl and inte~est re~quittd by the promiuory no?e secured hereby, mortgagw covenants and agrees to pay to mortgsgee with each monthly payment an additansl sum estirp'sted by mor4gagee to be equal to 1/12 of the annual cost of the follow- ing: / A-A!! resl prope~ty tsxes kvied w assessed against the above desaibe~~real estate. B-Premiums o~ fire and windstorm iraurante as herein requ~red ro be cartied on the improvemenri situate on the above desuibed prertiwes. C-Premiums on such mortgage gwr~nty insurance as mortgagee shsll from time to time deem fit b carry on the bsn secured hereby. Mortgsgee shall from time to tirrK notify mortgagor ;n writing af the amovnt due and payable hereur+der and such sum shaU thereupon be due and payable on the due date of the next monthly payment and each successive month thereafter ~nti~ mortgagee-shall notify mortgsgor of s change in such amount. Such sums shall be applied by mortgagee toward fhe payment of real property taxes, insunnce prem:vms, and mortgsge guaranty insurance premiVmi. IN WIT SS WHEREOF, the ' MORTGAGOR has herevnto set his hand ae~d ~eal ay ~nd ye+ ' t sfor id. and i in the prese~ce of: . ~ rc•+~ rc--n ~ / _ K-+q STATE COi1NTY OF L ~./~~~~'T~i~/ ~ S5. 8efore m~ perwoally appeared Josephine W. Cochnower, a single adult ~n~!- 1~eI wik; TO-rnrv?eN iafO~v~ antt'ict~v~~ b me f0 b~ the ie~rklwls. described in ~nd who execvted the foregoinQ inst~wn~nt, and ackrwwledyed befae me that tlp~eexetuted the ssme for the p~rposes thertirt expr~ed. 11wd•ti~r s~~J s n ; i vrif~".oi. lh? Mid 'OPtflf ~t~ff/~fi 1fR!'~iVifr si~a~~+itiiw,~p: ww ~aiM.a~r~te ~nd-apsr} fre+n- hef ssi~• Fnnb~nd- ~denowkdgett-1o forl~elerfhaT she-exlCUtld"~TiQ 1t4trveNetiT ir~ely~awi~ rokin- ~M-+R1?~~.-~awsiraint,~M~~ o, ~r fear-oF wr frow~•her id - : YVITNE55 my F?~nd ind official seal thia day of 0. 1 68 • ~ Na~ ublic ie ~od for Sut~ of Fbrida at lary~ . ~ ~ • ; R~1vm Ta. FILEO AND RECORaEB°"~~"~s~on ex~~es: -~.~~.{~I~ F~n't:s~d~~al Savinps a ~on~ /?ssoc~aro~ ST. LUCIE COUN7Y, F(~A. ,r. ~ t ; S~, C $ . : ~ - - ~Of Fort Pierce_ ~L~~ `r~' kotary P~~i:c, ; ar~!itn ~,~ur.iy. Fort Pierce, florida ^ F. ~,~p~~p~Exp~rp,s ?1ar.12, 19_" This inst~ur,ient p;;,pa;~ p~ '68 30 AM i0 : 36 Frst Federal Sa~, & ~oan As~ of Fort Pierce By J. D. Chastain , .•p~;n: ~ . CL~tK CIRCUIT COURT ~ _ , ck s,. _ . ~ _ _ _ - _ - - - - - . , ~