HomeMy WebLinkAbout0484 . ~.r
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To plan and contGwwvsly kt~p on tM buildkqs now a hK~afrK ~iw~t~ on uid land and on all puipmeet aod pa~on~lly cowred by thi~ morp~
~p~, with ~11 pr~mivms 1Mrwn paid in f~il, fin i~wwna in th~ uwal sundard policy fam, in a swn approwd by tM MORTGAGEE. and wind~torm
in~wana {n tM v~wl st~ndard policy fam. in a wm ~pprowd by tM MORTG/IGEE, in wch comp+nY a oomP+~i~+ +s Me MORT6AGEE nwy
e~!fKfl M1d ~hf Mfd wi~fdibfrtl iMWNK~ pOlitiis 011 My Of Nid bHiWinOi. MIy k1N~q1 tMI0i11 Or pirt iMfMI, kl t~M ~QQtt~~lf ~Wn i10f~Mid Of
M~xaa th~~~of, sMll contain tM vw+l ~tandud mo~y+pN dau+~ a such otlw~ daw~ a tM AAat9+pM may nq~rW~. m+k~~p tFw loas ~~ds~ siid Po~}
d.~, Nch ~nd ~v..y. payabl. ro s+M MOrtTGAGEE ~f in interar may app.a~. .nd .ach and ev~Y ~~xh PotkY s?~+11 b. p?omptly +ss:yr?~d N+d d~liw~.d ro
aoy MW by ~aid 1NORTGAGEE ~s f~nhar secu~ity to s+k! rtwrty~p~ d~bL ~~d. ~ot f~ss tMn t~n l10) d+YS in +dv+nu of tM ~xpiraYron of ~ach policy, to de
IIvN M s~id MORTGAGEE a rt~ewal thKeof. topethM with a r~aipt fa 1M pnmiw~+ of wd~ renewalJ and thK~ sMll b~ no fi~t a windstam Inswanc~
pbpd on any of s~M buiWinps, aor inter~st tMnin or p+„ tMnof. vnl~ss 'e tM fam and with th~ loss p+Yabl~ ss ~fortsaidj a~d in N» ~wM My ~wn
of nw~y beoo,,,p p~y~W~ w~dK wd~ polky ar pel;cits said MORTGAGEE aMll Mw ~M option ro roceivs ~rd appy th~ sam~ on ~ccaunt ot tM ind~bted~
mat s~cw~d hK~by w to p~rn?it s~M MORTG/?GORS w na~iw ~nd uw h a~ny part tF~eof f« otha pwpotes, wi~hout thareb~ waivinp u impaia
irp ~nr p~rity, If~n ar right u~d~ w by v'vtw of Nds mortpap~t ~+d 1o tM ~wnt wid MORTGAGORS shall fa ~ny nason iail M ke~p th~ aid pr~mi~es w
i~aw~d, a f~Il b ddiwr pranpNy ~ny of said policies of irawana to s+id MORTGAGEE, w iail p~omptly to p+Y fi+~b +~Y P+~^ivm tF~er~for a in ~ny
r~sp~ct fait b pKfam. discharpe. ~x~cut~. ~ffsct. wmpl~t~ oon+PN wi~ ~nd abid~ by thi~ oownant, a u~y paN hereof. wid MORTGAGEE n»y plac~ and
WY fa such hawano~ or anr put tMrsof without wNvinp or aff~ctinp +nY ePtiay Ik++, e9uib. o~ riyht vnder a by virtw of this Morty~p~. and th~
full artiovnt of rsch and ewry auch p~ym~m sh+ll b~ imnNdi~bly dut ~od p~ysbb and sh+ll beu intarest from tM d~~~ tMreof until peid a1 th~ ~~t~ oi
nin~ p~t ca?tum pit anrwm snd topather with such intsrsst s?al{ b~ Ncw~d by th~ lit~ of this mwt9+ya.
To p~rmit, aommit or wff~r no wast~, 1mWirme+st a d~tKioration of s~fd p?operty ar any ps?t tMroof.
S. To piy ~II and sinpv~ar th~ costs. dw+'Oes +ad ~xpu's~~, i"dud"'p ~ r~u°"+W° +tt°"'~y s fe~ and oosn of ~bstr~cts of title. irKVrr~d a paid at
any tims by wid MORTGAGEE, beuv~e a in the ~wnt of tM f~ilun on th~ part of tM said MORTGAGOR w duly. promPtly and fvlly parfonn, d~xh+rq~
execu», ~ff~c~. aomplN~, aomply with and ~b+d~ by sach and ~very the stip~Iai~au, ayreemenn, conditiort~, and oove~snb of said p~omissory noM and this
~~+W +~Y w~itMr. snd said costs. clw9es and ~xpa?ws, s~ch ~nd every, sh~ll be immediately dw and payablr, wherhe? o? not t!?er~ M no?ice ds
mand, ~nempt io colkct o~ wH p~nd'npr +nd tM full xnovnt of exh and werY wc1+ p+Yment sh+ll Ixa. interost fran th~ da» tMreof uotil p~id ~t tM
rate of nin~ per centum par ~Mwm; a~d ~II stid costs, cl+upes +nd ~xpanses incwr~d w p~id, to~ther with wth intuest. shall b~ secured by th~ lisn of this
mottpa~. :
6. Th~t (~_in the ewet of any breach of this Mwtyay~ o~ defwlt on the part of the MWtTGAGOR, a(b) in tM event ~y of s~id s~xna of monty
herein refernd to b~ no? promptly and fully psid within thirty (30) days ~ex~ afte~ the same seve~ally becan~ due and payable, without dem+nd w notio~,
or (c) in ths ~vent each and every the stipvlatiom. ~yreanents, conditions and coven~ots of ss7d promissory nots and th~s mutpape any a eithe~ an nol
iuly, promptly and fuly perfamed, dixMrQed, eaecvted, effected, comPteted, comP~~ed with and abided by, thso in eithsr w ~ny such ewM the said ~g
prayat~ wm mentiontd in said promissory note then r~maininy unp+id, with iMerast acuued, and all rna~eys setvred herebY, shall bscomt dw and pay~
•bt~ forthwith, w tFwreaher, at the optan of said MORIGAGEE. ~s fvlly and completely u if ~II of the said wms of money were aipin~lly sfipulafed
to be paid on wd? day. anythirg in ~id promasory note or in this Mort~aqe to the contrary notwithstandirg; and the~eupon w thereaher a~ tl+~ option of
said MORTGAGEE, withovt notice w dem~nd, wit at law w in p~rity. tF~e.~foro or thereafie~ begun, may be prosecu~ed es if all ma~eys s~cured hareby
had m~tured prqr ro its institvtion.
7. Thrt in the ~vent rhat at tM beyinniny of or al aMr tirn~ pendin~ any wit vpon this Matg+ge, or to faedose it, or to refwm it, or to ~nforq
paymcnt of s~ dsims hereunder, s+id MORTGAGEE shall apply to the Coutt h~vug jw+sdiction tlxreof fw tl+e sppointment of ~ Receiver, suth Cou~t shall
Forthwith ~ppoent a?eceiver of said mwtp+ged propertY s~~ +nd si^yvla?. i~c~ud'~9 all and singular the inco~ne, profits, issues and rsvenues from whateva
sovru derived. e~ch and every of whiclw, it beirg ~xpreuty unders~ood, a hereby mwtgaged as if spec~fically set fwth and described in the yranting and
habendum ctauses hereof, snd wch Receiva shatl have ~II the bosd and affective fvnd~ons and powers in ~Mrwise entrvsted by ~~ou~t to a Receiver. and
such sppointrne~t shall be made by wch CouA ~s an admitted equity and a matter of absdute riyht to ssid MORTGAGEE, u?d without refere~ce to ths
adequsty or insdeqwty of the value ot the property mortgs~ed w to the soNenty o? insolvency of said MORTGAGOR a the defendants, snd that such
renn, ~profin, incane, iuues and revenues shatl be applied by wch Receiver acoordi~g ro the lien w equity of wid MORTGAGEE uxl the practia of sucA
Court.
8. To duly, promptly and fuly perfwm. dschsrg~, execute, effect, complete, oomply wi~h ~nd abid~ by e~ch and ewry the stipvlatio~s, ag~~ts,
~tioru u?d covensnts in said prombsory ~ots and this morty~ set forth.
9. ihat (n the event the ownenhip of the mortgayed premaes, w any put thereof, beoanes wsted in a person other tMn the A10RTGAGOR, th~
MORTGAGEE, its wcaessors +nd ass~gos, m+Y, without ootice to the MWRTGAOR, dsal with svch waessor or svccessa in interest with refererKe to this
mortpsye and the debt hereby secured in the ssma manne? as with Mwtg~gw without in ~ny wsy vitiatinp o? dischugi~g the MoA9~ors' lisbility here-
under or ~pon the debt hercby secured. No sab of the premises hereby mortgaged ~nd no fwbearance on tFn part of the MORTGAGEE or iri succeuws
or auigro and ra ex~ensior+ of the time fw the p~yment of the debt hercby secv~ed 9~ven by the MORTGAGEf or in successon o? auipm, sh~ll opaat~
ro rekase, disd~+rse, modiiy d+u~ge or affect the wiginat liability of the MORTGAGOR herein, either in whole or in part.
10. It b spedfically agreed thst time a of tM ess~nu of this coatract eod that no waive? of any obligatan hereunder or of tM obliyation ta-
cvnd Mreby shall at any time thereafter be held to be a wsiver of the terms hereof a of the instr~ment secvred herby.
11. In additan to the fwego:ng monthly payments of princ:pal and interest required by the promissory note secured hereby, mortgsgor ooveeanri
and agrees to pay to mortgagee with esch monthly payment an additional sum esl~mated by mottgsgee to be eqwl to 1/12 of the aonual cost of the fdbw-
A-All real property tsxes kvied or assessed against the sbov~ described resl estate.
B-Premiums on fire and wiedstorm insunnce ss herein requ~red to be carried on tht improvem~nts situate on the above desuibed premises.
C-Premiums on such mortgage guaranty insurance as mortgagee sF~sll from Y~me to time deern fit to carry on the ban secured hereby. ~
'i Morfgagee shall from time to time notify mwtgagor in writing of the amount due and paysbk hereunder and such sum shall thereupon be due and F
payable on the due date of the next monthly payment and each s~cceuive month thereafter vntit mortgagee shall ratify mortgsgor of a ch~rge in such
~ amou~f. Such sums shall be applied by morigagee toward the payment of real property taxes, insurance prem~ums, and mwigage guaranty inswance
~ premiwns. ~
~ I WITNE55 WMEREOF, the said MORTGAGOR hss hereuoto set his hs~d and seal the day yeer fi?st aiorcsaid.
{
ed and liv ed in the presence of:
~ ~ n
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n
n--o
_
STATE OF FLORIDA ~ t
SS. ~
courmr oF St. Lucie
Eefore me penonaly~ sred J81L6S F• !~lahdr and ~
L+++~d L• ~ha= his wife, to me well known and known to ms to b~ ?
the ind7vidwb desuibed in and wFa exeartd tM forepoirg &utr~ensnt, and adcnowledped beforo me tMt thsy exaouted the ssme for ths purposes i
therein expres~ed. And the ~nid Linda L. Mahar
wife of the said J8~6S F• M~18Y vpon • separst~ ~nd privat~
examination by me tsken sepsrate ~nd ap~rt from her sak! FM+sband. ~duwrvlad~ed to snd befon me th~t sh~ exewted said irotrwnsnt h~ly ~nd volun~
fsrity and withOUf illy Ganpu~s~0+~. O011strainf, ~pprelMl~sion,~Of fNr ~O~ Q~~ed~l ~1lf Nid INqbind.
Ll y ~ : t . . ~tr.~~~fii~
R WITNESS my hand and official seal thi~ d+y of t
~ ~~.t~„:, o~l! . ~'~~-r•`••.. ~r' `
~f Publk in and for tht Stat~ of~FAx' .T t laryi• }
FILEO ANO REfiQR ~on e~r~s: 3 7~
Retw~ Ta S~. l.UC1E COU~ITY~'~1•~"'"~' • . _
IEO • ` . f
F'usr Fede.d s.rings 3~ toan n..oci.r~on RECORO VERIf ;
Of fort Prerce. 4 v ` • ~ ~
Jort Pierce. Florida . J~ . _ C ~ . -
~s9 ~aa 6 ~ ~ ~ • ~ ? ~ ~i~- . ~ -
1'7350"?' ~ . - -
This Instrument Prepared By '
Fint Federal Savings b loan Association R K ~,RCUIT COURt~
• of Fort Pierce CI.ER ~
Chedced By R. K ave4 , , _ '
~
~~x ~.'75 4~ .
f ~ ~ . . . . . ~ cf
_ - - -
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