HomeMy WebLinkAbout2054 ~ ' 1•~ ~1,:~_?
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To plaa and oa?tiM+a+~IY 1u~P on th~ buii~nys now a M~~aftu ~1t~+M on s~W land and on dl putprewnt and persoMllp oowntl b1? MN matP
p~, with ~!1 pr«niunO thwwn p+id in fvU, fk~ inswanc~ in th~ v~wl s~~ndard polky 1o~m. ~n a wm app~owd bl? tM MORTOA~3EE. and wM~dnorm
kaurance M tM uwa) ~1and~n! policy ~wnL tn • swn +pprowd ~ 1M MORTCACsEE. in wch oompanY a oornP+~i~ M 11~ MORt(~AA3EE eN11
dincq and ai) fin and wind~tonn hawana P~~ ~+^Y o saW buildinp;, ~ny InNrat tlw~Nn or p~t tMr~oi. M 1M ~pprpN~ wn~ aforwaW or
N~ fhw:st. ~hall oontah tly wud sfa+dud morp+~ davs~ or such otMr dws~ aa ~M Matp+pN ~n+Y nV~in. r^+1~^Y tM las wwiK said po14
ciw ~+ch aai w.ry. WY+bN q said MQRTGAGEE a iq IMerast m~y ~ppMr. and .ach and w.ry wd+ polky •hall be Pra?+MN +•+~rd ~+d d~liwr.d a
any h~la bp s~id JNORTGAGEE p fvrtMr a~w~ity W~id mortp+p~ ti~bt, and, nol Ip~ than Mn (10! d~y~ In ~lvanp of M! ~xpiwtbn bf wth policy. a d~
UvM 1o s~W MORT(iAGEE a nnewd tM?eof. wp~tha with • na~pt fa 1M pn~niwn of wth r~newal~ ~nd N~ aMll b~ no fin a wi~d~~onw Mwwa~a
p~aad an ~ny of ~sid boildi~q~, any tnter~f N»nN a put rhKwf, vnlaa in tlw form'a~d with th~ bss p+y~bb u afonsaid~ ~nd in tM ~wM ~ny wia
ai ~ewn~y b~oonw~ p~Y~bl~ w~da wch polky or polidN s~id /NORTGA(3EE ~Aall Mw tM option to naiw and ~pply tM ~an~ on eowwW o1 iM Md~bt~
nas ~cww !~nby or q pumit ~W MORTGAGORS ro~eaiw ++~d uw N a any pan thereof fa oiher purposes, w7~hout ~hsreb,r waivinp a imp+in
~0 +^r ~~Y. liv~ a~ipht ~r a by vktw of this mortpap~~ ~nd in tM ~wnt wW MORTW?GORS sMlt ia ~ny hawe fNl to k~p el~ wW prNnaa w
Imu?~d. o? i~p to deliw? promptly ~ny of said polieies of in~wsnp ro s+id 1NORTf3AGEE. or i~il proenptly to paY fi+~h? ar~r P~~lum tMnfa or ln any
n~p~N fa4 b pKfo~n1, dixh~ye. ~x~cvM, ~fhct. camPl~t~ oomplY with ~nd abid~ by this covK?ant, a u~y put lw~wf, said MWtTGAGEE ~nay pl~a ~nd
Wy fa~weh tmwana or +ny part tMnof without w~Ninp a aff~etinp +ew oWion. ~M~. p~~h, a ripM w~dN a br virtw d this Morq+pa. and tM
full amouM of sach and twn? wd+ P+Ynwm sl++ll b. inwne~l~b dw .nd p.yabl~ aed sh~11 Owr hhnu f•om Nw daa th.r.of unNl p.W M th. ~an d
e+in~ p~r am~ea pa w?rw~n ~nd topNlw with suth interat sh~ll b~ New~i! by 1h~ Ha~Of this P~ortpp~.
1. To pKnJA oomdt at wffM no wast~, Lnpairm~m or dsterior~tion of said propKt~l w ~ny p~rt ~hehoi•
S. To p~y ~II ~+d ~Enpular tM•oatr. cA+rp~s +nd ~xP~ae~. includinp a reaaonabl~ attwne~s fs~ and aostt of sbatraets of Htl~. MaKred a paid u
~ny tim~ by said MORTGAGEE, b~cavs~ o~ io tM ewnt of 1M failun on tM put of ths saW IIhORTGAG4R ro duly, promptly +nd fulh? PKfam. discA+?~?
ex~tvb, ~fhet, aompl~t~, oomply with and abid~ by ~ach +nd ewry tM stipvlat~o+a„ ayreem~nts, con~!'itio% ~nd aownann of said p?aoissory nott ~nd tNt
enafp~p~ +nY a~ ~itMr. aad s~id coats. duq~s and ~xp~ea each and w~ry. sh~tl b~ immedi~tely dw ~nd WY~bltt whethe? a nw tiwr~ b~ notioi d~
n~~nd, stt~ee~p1 b cotleet a wrif p~d'inps +ed fhe 1v11 +ma+rN of sach +td ewrY ~ Wl~^t tA+H besr intarest fran tM d~b tMrwf vntil paid N t!w
r~te of nine pK oenhren qr ~+unV ~nd all said c8sts. tM?pes end expe~ses i~w?ed or paid, topetMr with wd~ iott~~s~ ~h+U b~ utvr~cl by th~ I+~n oi tha
nwrtp~p~. .
0. t1w1 t~? 6~ the wa?t of aey bnach of thi~ AMrtpap~ a default on Hr p~A of the MORTGAGOR. or (b) in the ~vent a~y of s~id sums of mon~y
h~nin nf~rt~d to b~ ~ot prompty ark! fully p~id within thirty (90) days next after tFK sam~ sevady bacan~ dut and paYable, wNho~rt d~ensod or ~wtioe,
w W in tM ~w~1? sach ud w~y Nk »ipulationt. +Or~n~s, oonditions ~nd oawnuin of aid promiuwy nota aod th+s m~o~twp~ ~ryr a' ~itlw u~ nq
1u1y, pwmptly and fuly pafarm~d, dwct~arped, sxawted. ~ffeaed, canpl~ted, compl~ed w~th and ~bided by, t!~ in eithK a sny such ~wnl th~ said ~g
prq~t~ swn ma~tioew~! in a+id promissa~ry no» thee remalnirg unpaid. witb intsrat +ccrued. and a11 moeeys s~cvred herebr. sMll b~oome dw and Wy~
•Wf fqtMWIfI4 Of tMfNffN. ~t th~ optian of said MORTGAGEE, a fuily ~ed compl~tely ~s if sll of tM saW wms oi ewiwy wen oripin~Ny uipubted
ro t» pa;d on wch day. ~nyMdnp in sa;d pre,nissory eot~ or in ~his Morty~ye ro tM oontruy notwithst~ndinp: and ther~upor~ or thsre+ft~r at tM option of
aid MORTGAGEE. without notia o? dNnsnd, wA at la~r a in eqvity, ther~forc or lheresher ba9un, msy be prwecutad ss if all morMys s~axd Mreby
had nMfurld'pfiOl t0 ib HKtitutiOn.
7. That in th~ want that at th~ beyinnirg of w at u~y time pendinp aay wit upon this Mortgsge, a to fwedow if, or to mform it, q 10 M~Wp
p~yment of u~y daims haew~da, s~id MORTGAGEE shall ~pply to tF+~ Court hsviny jurisdk~ion thereo( fw tM appantment of a Receiva~, wch Couit sh~ll
fortliwith appoint ~ nc~iver of wid mortQ+yed propaty +II snd ii~gul~r, includmy all ~nd singular tM incoms, pofiri. issws and ro~mros irom wMt~ver
w~r?o~ daiwd, ~+d~ and every of which, it beinp expressty w~der:~ood, a hereby mortgaged ss if specifically xt tonh and dewibed in the ~antinp ~nd
habM+durn cl+usK Mteof. aK! such Rea~iver sh~ll haw ~II the b~wd ~nd eff~ttive fvnttia~s snd powen in anywise entrusted by a CouA ro a Reoeivar, and
such appointrn~nt shall be m~de by such Court as ~n ~dmined equiry a~d a matter of absolute right ro said MORiGAGEE, and withou~ refe?eoct w tFK "
adequacy or inad~qwcy of th~ wlw of the p?bpat~r matp~ged or to the sonn~cy w insolvency of said MORTGAGOR or the defendants, ~nd thst wd?
r~nn, profits, inoortie, awes and rwe~ues sh~ll applied by such Receiver accwdin~ to the lian w aquity of ssid MORTGAGEE ud tha practia of auch
Co~mf.
a. To duy. promptly snd fvly perfwm, dischaye. execute, effact, compkte, complY with and abide by esch end ~wry th~ stipulatioir. ~pr~nts,
cor~itbns ~nd cwen~nn in said promisswr not• and ~his mo.~~sge set forrh.
9. That in th~ ewro the ownership of the mat9+Qed Prei^ises, or any pan the?eof, becorewt vested in a pe~son other 1Mn th~ MORTGAGOR. th~
MORTGAGEE, its woassors ~nd usipin, m~y, wirFaut nor'~ce to the MORiGAOR, deaf wi+h iuch wuessor w succeswr in intertst wifh refne~ce to this
mortp~ ud ths debf hereby secwed in the ssme m~nner as with Nbrtg~gw without in any way vitistinp or discMrpioy the Allonya9on' Il~bility he~
ur?du or upon tht debt hereby secured. No s~le of the premises hereby mort9aged ~nd oo fwbearante on 1M p~A of the MORTGAGEE w Ns sua~tson
or assg~n and no extensioa of the time for the p~yment of the debt hereby secured yiven by tM MORTGAGEE or Hs sucee:wn or sssipro, sMll opvat~
ro nl~as~, dsch~~, moJify cMn~ a~ffect tht wiginal IiabiGty of the MORTGAGOR herein, eitha in wFale a In put.
10. It is specifiully ayreed that time is of the euence of this contract and that no waiv~? of any oblgatiw~ h~raunder ar of the obl~tion sa
cLnd h~reby ah~ll at any tbne thaeah~r bt held to be a waiver of the terms hereof or of the instnxnent aecvred hsrby: . .
11. In addition to the faregoing monthly p~yments of princ:pDl ~nd inte.est required by the promissory oote secvred hereby, mortpagor aov~nanb
snd prees ro pay so mortyapee with esch monthly psyment ~n sdd~rio~al s~m estimated by mortgsgee to bs eqwl to 1/12 of the annwl cast of the folbw-
in~. .
A-All resl propeAy taxes kvied or asxssed agsimt the sbove desvibed resl estate.
d-Prpniums on fire and windstorm imv~ance as herein req~~red to be urried on the improvements s'rtwte on the above dewibed prertiaes.
C-PremivrrK on s4ch mortgsge gw?anty inswance as mwtgsgee shaU from time to time deem fit to urry on the loan secured hereby.
Mwty~gee shall from tirrK to time notify mortg~gor in writing of the amovnt due and paysbk herevnder and such svm thall thereupon be due and
payabt~ on the due date of the ~ext monthly payment and tach successive momh thereafter ur.til mortgapee shall notify mortga9w of a charge in such
'I arno~nt. Suth wms ~hall be ~pplied by mortgspee toward the payment of real property taxes, iiuuranoe prem:wns, and mwf9age 9wranty i~wxsnce
W~~•
~ IN WITNESS WHEREOF, the ~id INORTGAGOR has hereunto sN his hand and ~eal the day snd r first afwessid.
Si Swled and ivu in tM paencY of: / ={~~~~1~ ~~~f+~
a..~
re~.~
~n
TE OF FIORIDA ~
St. Lucie
courmr of
~~~w„~i~„~,~ Thurmond Lee Felton, A Single Adult ~
Iw~~ife, to rrw well k~ovm .nd krwwn ~o m~ to b~
t!w individu~N daaib~d M and wtw ~xacuted tM forepoinp instr~rtwnt, snd acknowled~ed befon ms tMt .IF~~ ~x~cuted tM sam~ for th~ pu?pous
th.r~tn e:p.~wd. An+-Nw-~ he
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~~~•~~M~ epMrfl~plNf•Ml~~i'W1~ !
171M11i1diw~•~wM~tllMwN'arM~N1+7r~r1~IMtM-hfF~Mi+~w~a~l~raiwwMN~~JP~11~.bfYY./M1hiL~t~11l~~•~IIM~wA1~f~1lMIrM~~IY~? s
7J~{~ 71~' AMA0111~'E0~1~17~f~ORi ZOI1~!lf111~17~M~1' M~~'01q~MF~~ ~III~MIIdr .
WITNESS nn? hw~d and otficial s~al t' d~y of A D. 19~2$
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Not ry Publk ie ~nd fw tlw St~t~ of Fbrid~ ~t l~rp~
. Mr Commiuion ~apins:
RMwn ta `'+`i~~ti,zi:.:~ s r~: ^~+~r1 ~1 ~iM ~ ~fl~i ~
iinl /ydMd 3winp~ i loan /lstotiation - ~ . .
a Fon .»ro.. - ' , ~ ; ~ ~ ; ;;.f1r ~M,,;st;o. Expire, S~q. 23. 1969 ~
iwr Pinc., f~orid. : C- h`•~~-'~- _ M~IN A.w.. ~ cu.ry ~b
ti
: - +
~ ~ ~ :C'- ` •r 2 ~
- - - Ft~EO AND RECOROEO :
,
Thit instrun~eat pr~fied by _ . S7.~LUC~E COUNTY, FLA. `
~ ~c r. ~r, V~RIF!Eb
First Federa~ Sa+r. 6 loan Assn. .s~, 1'70'702 `
of Fat Pie~a ~
p,. ~ J. Chastain •'~,,;~1~.:~". S~p Zy ~ ~ t
,~iu~ ~ .
n0~ ~ P, i~dITR~S ;
Cl.ERK CIRCUIT COURT ~
~ ~ ~ i73 ~2037 ~ : , . , , ~ f +
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