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HomeMy WebLinkAbout2753 ft~~ Q` ~ ,~E~ s~' ~ S. To plaa and contiiwovsip ke~p on tM bvitdinp~ now a l+areaftK Ntwt~ on ~Id land ~nd a~ alt puipenN+t ~nd p~rsa+ally aovN~d by thb n+aq~ ~p~, with ~N p~~nniuna ~iwrwn p~id in fu11, Hn intwana tl» usval sta~dud polky forn~, in a wm approv~d by ~h~ MORTGAGEE. ~od wiad~tornn inwrae~c~ in IM uswl uandard polity fart~, in a wm ~pprowd by tM MORTGAGEE, in wth companY w companitt at tM MORTGAGEE m~y dindt ~nd ~II Hro and wind~ttorm inwwnca polki~s on any of wid bviWi~ps, ~ny fnMrqt tF~uein or p~rt thKwf, in tM ~~ep~t~ wm ~fu~saW ot In ~~u th~.wf, sMq cont~tn ~hs usual aandud mwtpa~ clavu o~ wch ahsr daua a th~ Matp+pN n?~y mqvin. nwkinp N» Iws w~d~. uid poli~ cia. ~ad~ ~+d every. P~Yabl~ to said MORTGAGEE a in iniK~at may app~u. and each and ~wry wch policy sMll b~ promptly ass:yr+~d and deljva~d to u?y hsW by s~id JYWRTGAGEE u fwther s~arity w said matya~ debt. uid, not leu thaa ten (101 days in advanu of tM ~xpiration of ~ad~ polky. W dr Ilwt b said N10RTGAGEE a ~~w~f th~roof. tope~ha with a receipl for the premium of wch r~walJ ud tF~~ sh+ll b~ no fin a wi~xb~am inswana plapd on ~,ny of ssid build~nps. sey inhvsst tMr~in or part thereof. unku in the form and wFfh tM loss p~yabb as atoresiWt and in tM ~wnt a+y swe • of morwy becoe,~w payabls ~+wler such policy or polici~s wid MQRTGAGEE ahalt havs tM option to receivs snd apply tM sarn~ on acar.?nt of tM l~d~bted~ nns a~cw~d Mreby a w permit aaid MORTGAGORS ro nceiw ux! v~ it or +oy part H~ereof fw other purposes, withovt the.eb,r waiv;~~ or ~mpsin inp anY puity. tien a ri~ht unde~ or by virtw of thia mwtqap~j and ln tM ~vcnt said MORTGAGORS shall fa ~e?y rtaton i~il ro keep ths said pnmis~s so ie~~nd, or faU b d~liwi promptly ~ny of said policiet of irnw..x~ to s~id MORTGAGEE, o? fail ptomptN to p~Y fvlly u~y p~~mivm thet~for a in any rsap~N f~il b pK(on+~, dischupe. execuN, effect. canptet~. comp~y wirh and ~Wd~ by Mds covensnt, a any part lx~eof, sald MORTGAGEE ~y plac~ ~nd pay for svdi kauranc~ w any pa~t thsr~of without waivinp or affMinp any option, ffso, poity, w ripht under or b~t virtw of this Monyapt, and tM full amouot of ~sd~ and ~wry such payment shall be in~nedi~t~ty dw aod pyabl~ ~nd shall beu iotercst from tM date thereof unti! pitd at ti+~ raN ot nirw pK qntvm pu a~vwm a~d topether with tuth L?taest shall bs secwed by tM lien of this motl~aqs. I. To p~tmlt, c+arrriN a wff~r no wut~ impairment a deterioration of said prope~ty o~ uq? put thKeof. 5. To p~y sll ~nd s&~p~?lu ths coan, cFwyes am! ~xpen~sa, inclvdinp s ressorWble an«n~y's fee sod costs of sbshscts of titls. i~cwred or paW at •ey tima by s~id MORTGAGEE, becauss or k? tM event of tbe failwe on the ps?t of the ~~id MORTGAGOR ro duly, promptty a~d fuUy psrlorm~, dixM.yw execvl~, ~ff~ct, cwnplete, oort~ply witA and +bide by esch and every ths stipulatio~s, ayreements, conditio~a, ~ed oovenanb of s~id promiswry note and thU mwp~ sny or eitF~. a~d said oosq, charges a~d expanses, each and avery, sh+ll be brmediately dw arr! paysble; whether or not there b~ notiae ds~ maewl, attempt ro colkct or wit peneiinp: and tM fult amovnf of each ard every such payment sha11 bea. int~~eat frpn the dat~ thereof vntil p~id ~t tM rate of rw~e p~? q~twn per annum; and all said aosts, cF?irges se~d expensea inwrred or p~id, togethsr with wth ints~est, ~h+ll b~ sawrad by tM lien of tha b. ihat (s) in t!a ewnt of any brescl~ of this Mortya~ or default on ths part of the MORTGAGOR, o? (b) in the evem any of sa~d svms of mor»y herein rofe~red to bs rw~ p.o~,P~y u,d tu~y ~+d within thirty (30) days next afier fh~ sa~ne severatly becane due snd payab~e. wi~how demaed or ~otia. or (c) in the eveM esch snd every the stipul~tans, sgreemanb, conditions and covenants of said promisswy nate and this mort~a~e any a eitMr an nW iuy, promptly and fully ptrforrn~ d'acMrpcd, e:ecvted, elfected, compteted, compl~d'with ~~d ab3ded by, than in either w any wch ~wn1 tM said a¢ yre9sft wm mentioned in s+id promiuory note then ramaini~ unpaid, with interwt acuued, and all rtaneya sec~red hsreby, sMtl beton?e dw and p~yr abk forthwith, or thereatta, ~t the opTion of said MORTGAGfE, ss fv11y ard completcly u if all of the said wms of mor?ey vrere orip'xwlly stipvl~ted to be piid on svch day, anytMng in said prcmissory rwte or io this Mwtgage to the contrary notw~thstanding; and thereupon a lhereafter at th~ opian of said MORTGAGEE, wirhout notice w demand, wit ~t law or in equ:ty, therefore or thereafte? begun, may be prosec~ted as if a!I moneys secur~d hsnby had mawred p.iar ro~n i+ati?~r;o~. 7. that a~ tha event that at the beginnin~ of w ~t any time pending any wit upon this Mwt9sge, w to fwaclos~ H, or to reform it, w to enfwa paymeM of aoy tlaims hereunder, said MORTGAGEE sMll apply to the Covrt having jurisdiciwr? the~eof for the appointme~t of a Receiver, wch Cowt shali fwthwith ~ppoint a~ecciver of said mort9aged prope~ty atl and sinpvlu, Includ~ng all and singvlu the income, profits, issues and rovenves f~om wMtever sovrte darived, each and every of which, it beirg expreuty understood. ts Fi~reby mortgaged as if specifically set fath ~nd desuibsd i~ the yrantirg and hsbendwn da~rsea hereof, snd wd~ Receiver sh~(1 Fave all the brosd snd effective fvnctioru and powe?s 1n inywise entrvsted by a Courf ro ~ Reoeiver, ~nd :uch ~ppointment shall be mads by such Cowt u an admitted eqvity ~nd a m+tter of absolute right to s+id MORTGAGEE, ind without roference ro th~ adequaty w ieadequacy of the v~lue of the property mortgaged or to the solvency w i~solvency of said NtORiGAGOR w the defenda~tt, and thaf such renn, profin, income, issues ard revenves shsll be applied by suth Receiver saording ro the {ien a equity of said AIIORTGAGEE and the practia of wch CouA. 8. To duly, pr«nptly and fuly parform, d'nchsrys, execvte, effect, complete, comply with and ~bide by each and ev~ry the stiputatioos, ayreern~nq, conditioro and covenants in wid promissory ra~e arw! this mortyags set fo~th. - 9. Thsr in the event the ownership of the mortgaged premises, or any part thereof, becomes vested in • person othet than the MORTGAGOR, tl+~ MORT(',AGEE, in wccessors and sssi9ns, may, withovt nofice to the MORTGAOR, deai with such suaessor ot s~ccessor in interesf with referenca ro fhis matgape ~nd the debt hereby setured in the same manner ~s with Mortgagor witlwvt in any way ritiatinQ or dischargi~ tM MortyagoR' li~bifity hen• under or ~pa? the debt hereby secvred. No ssk of the premises hereby mortgsged and no forbearance on the parl of ths MORTGAGEE or ib suocessws w sssigm and no extension of tfie time fw the payment of the debt hereby secured given by the MORTGAGE~ w in wceessoa or aasiQrn, shall op~rat~ ro mle~se, discFurye, modify th~ngs a affect the wiginal 1'iability of the MORTGAGOR herein, either in whok or in put. 10. It is specifically agreed thst time ia of the essence of this coMract and that no w~iver of any obligaYwn hereunder or of ths obli9~tlon ~e- curcd hereby shall at any time thereaha be held to be a waiver of the terms hereof or of the instrumem secured herby. 11. In add~rios~ to the forego:ng monthly paymenb of princ:pal snd inte?est reqvired by tife promissory oole secured hcveby, mortgsgot cownsnts and agrees to pay to mq~agee with each monthly p~yment an addirior?al sum est~mated by mortgagee to be equal to 1/12 of.the annual cost of the follaw- iny: , A-All real property taxes kvied or auessed against the above desuibed real estate. ~ B-Premiums on fire and windstorm insurance as herein requ;red to be carried on the improvemenb situate on the above desaibed premises. C-Premivms on suth mortgage gvarsnty iasurance as mortgagee shall frcm time to time deem fit to csrry on the loan secv~ed hereby. Mortgagee ahall from time to time notify mortgagor in writing of the amount due and payable here~nder and such wm shall thereupon be due and payabk on the dve date of the next monthly psyment and each svcceuive month thereafter until morigagee shall notify moitgagor of a change in such aniwx~t. Such swns shall be applied by mortgagee toward the payment of real property taxes, insurance premiums, and mortgage guaranty insurance premiwns. . • . IN WITNESS WHEREOF, the said 1NORTGAGOR has kerevnto set his hand and sea! the day yesr f aforesi ted and deli tM presente of: n n • ~ i K~h . ~ ATE OF FIORlDA courm oF _ St. Lucie ~ i e.fw~. e~._persa~a.pp.s..d Philip Peazl ~ B1aac1C~~ H • P@a?Zl ~ his wife, ~ me wel) known and known to me to b~ E ~Fa ind'ividwb dasuibed in a~d who sx~wted the fore~oirg Enstrwnent, and ~dcnvwledyed bsfore ms that they executed the sam~ for tM purpw~~ P rh~re~ expressed, Md the sa~a Rl~~he V~ Pe~rl wii~ of tM aaid ~h~13n Pearl , irpon • separat~ ~nd privat~ examinstion b~r me t~keri seprrMl'' ~+d apart kom her s+id husband, sdu~ovvledged ro ~nd l»fwe me thaf she executsd said featnima~t frMly and volwr ~"~p"'4iq~':'Qo'»~ qrily and rviM~ovt .~ri. ~~I' raint, apprehMaion,,/ or ftar of or from hqr said Fwsband. -~Tt~bd~a~.h:^d~^d'~fHd~F:aal ds.-- ~.sfla d~Y ~ A. D. 19_.~$ ~ ~P : . , • . . . . . ~ ; . .c+ ; ~(L i~~~ C.~ F~~ Y~~ ~ i. . ' . . NOtafy P{I~IC ~If M1d Of lflf 51i1~ O~ F~OfI~ ~1 (Af~ ' . ~ r cam??ssion .xpir.a: 'i ~ r~~ ~'!!f'J~~r: AND RECORDE~ ~ j~c. St~ ~1 N~ri~ ~t l+na q~,,~ FIlEO c~"~ ~ ~;i"°' a q~'s' ST. 1 COUNTY. FLA. ~ p~q :n•'~_',A~3'L~,~',~~~ci: qv~pR[) `l~RtF1E-0 ~ac~..~..r.~.- ~ :,,,,:r~.~-f,~, : E :L'71155 . ~ , . ~ . ~ ~ ~ .~^s - ! 0 AM g • 36 E This I~~s~tru~rienf Prepared By ~68 ~CT ~ ! First Feckr+e~ Savings b Loan Association ! Fort Pierce ~ RO~~(i FOITRAS ~ c~Earc c~acuiT couRT ; . 4 ~ ` f ~ i ~t~~ ~ j ~ /'l ' il ! ~ J\ ( , . . • ~ t j ~ ` . ' • , . . ~ ~~si~..~:;. ~ r~ . _ _ - - ~ ~.m- _