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HomeMy WebLinkAbout1404 t . , _ _ . . To pl~a ~nd ooMieKroush kt~P a+ th~ buildkq~ now a Mr~afhr ~itwt~ on ~aW land and on dl puipnent and pMSOnally oovend by Mts nartP s~„ wkh d) phmlwra tl?wwn p+id in fuU, fth inswu~a in th~ vwd ~ardard policy form, ~n a wm ~pprowd bY tM MORTGAGEE. ~nd wind~eorm irow~+a in tM uswi sundard p7sfiR fom~. in a wm ~pp~owd by tht MORT(iAGEE, in wch tomM^Y a oa^Wnia +s tM MORTGACaEE may dinctt ~nd ~II fk~ ~nd windstam in~wana policie~ on +nY of saW bulWupa. a~y inbr~sl tMr~in or paN tMr~oi. in tM ~pp.e~ah sum ~to«saW a In ~xoas tMrwf, ~MII contain tM ~nval sandard morpa~w daus~ a sud~ aF~ cla~ a tM Mortp+pM msY nVuu~. m+kf~p tM tou w~da uid poli~ ci~s. each aed ~wry. WYabt~ b s~id MORTGAGEE as ib In1aNt m~y ~x. a~d ~ach and twry wch policll sh+ll b~ p~anptly ass:pntd and ddiva~d w any Mk! by aid MORiGAGEE u fwtha secwity to s~id mortpa~ d~bt. aod. not bss th~n ta+ l10) days in ~dvana of ~he ~~epiration of ~ach policy, to dr livN ro wid MORTGAGEE a rMew~l tMnof, top~tl~ with a nceipt for tM pn+e?iwn of wch r~newals +nd th~n ahall b~ no fu~ w wi~ds~a~n inwru~t~ plaad on ~ny of iaid lwildinps, ~ny interat tha~in or p+rt tiw~of, unl~sf in tM fam ~nd with th~ bss payabl~ as ~foraaidt and in tM ~v~nt any su~ of mo~y bacarMa payabl~ w~d~~ wch polih? a policNs ~k! MORTGAG~E thsll haw tM optan ro naiw and ppty t!a s+m~ on accounl ot Nw in~b~~ nas Ncw~d her~by or w pamit ~id MORTGAGORS to reaiv~ and we i1 or any part therwf fw othe~ purposes, wi~hout the~eb,~ waivin9 0~ impau- +^Y ~9~?ib. li~n or ripht w+da ar by vktw of 1hh mort9+p~s and In tl» ~vset said MORTGAGORS sh~Il far ~ny rsaso~ fsil 1o ks~p tM said pranise~ w tosured, or fail b d~liva p~omptl~? any of saW policiss of insur~ lo ~+id MORTGAGEE, w fail promptly fo pay fully ~ny pr~mwn+ ther~for o~ in any r~sprtt tall to pafonn. discharp~. ~aetvt~. ~ff~ct. ~an?PIN~. oanphl with and abids by this cowi+ant, w ~ny put lw~•of, aid AIIORTGAGEE nyy pl~n and P+Y fa wch hawano~ w any put tFw~of ; i~AoW~ aiv'~ ~~ff~ctiipud pyibl~ u~d shsll uib~u Inte~rest f~om tlN dai~ therooffurtt 1 p~~id ~ro~tM ral~tol full ~ot of ~ach and ~wry wch paymH? nin~ p~r atetvm p~t ~nnum and topether with sixh it~tereit ~hsl! be secvnd by th~ 1'~ of this mo~p+~e. 1. To pKmit, aommit or wff~ no wut~, imP+imKnt o? d~terioritan of said properry? o~ any pKt theroof. S. To psy all u~d ~i~gvlar th~ costs. d~p~s +^d ~xp~+s~s. indudinp a r~sson+ble ~norneY's fee and aottt of sbstracts of tltl~, i~cvrr~d or paid ~t ~ny time by s+id MORTGAGEE, becaus~ or In th~ ~wnt of th~ failun on th~ pan of ths uid MOATGAGOR w dvly. pranptly ~r?d fvtly pafor~n, d'uchu~ executa ~ff~et, comPl~t~, oomplY with +nd ~bid~ bY eMh +nd ewr~? the +tipul~~ions. +preemcnts. conditiom. arid cownana of aid promissory na» and this mo~tpap~ a^Y or ~itlw~. and s~id cos?s. chsr~et and txp~mes, each uid ~vsry. sl+dl b~ imn+ediatety dw and payablet whe~her w not Nw~~ b~ notic~ de~ mand, ~ttempt fo oolbct or wit p~ndi~~nd tM~fvtl amoont of ~sch ard.twry such PaYment sh~ll bea? intenst fran the d~t~ tMreof unNl paid a~ the rate of nine per untum pe~ arnwmt and all said cosb, cMr9as and expenaes inairr~d or paid, topttha with wch intawt, sMN b~ iecwad by the lit~ of tlw mottp+~• ~ b. Th~t (a) in the wi~~-of any brs+d+ of this Mortyap~ or defwlt on the part of ths MOR7GAGOR, w(b) in tM ~vent a~y of wid wms of eno~ty her~in ~efer~ed to be not promptly and fully paid within thirty (30) days next aftet the same sever~liy become due +nd pay+bk. wtthout d~mand a notiu, or (cj tn ths went each and evay Ihe siip~rktio~s, apreemenri. condiYans and cown~nn of sa~d promissory i+ot~ and th~s mwtp+ye any a~ither ~ro no1 i~r1y, promptly and fullr performed, d~schsr~ed. exmned, ~fhcted, completad, complied with and ebided by. tFwo in tither or ~rhr s~cl? wsnt th~ aid ~ pre9ah sum mer?tansd in s~id promiswry note then ~emak?ii+p vap~id, with intaest ~caued, and all maroys aecvred hereby. sFall becar+s dw and pay- able fwthwitly w thereahe~, ~t the option of s+id MORTGAGEE, u fully and compktelq u if all of the iaid tums of money were origir?~Ily stipulated ro b~ paid on svth day, snythiny in said promiuory nott or i~ thia NlatgaQe ro the contrary notwithst~ndi~p: snd thz.eupon w thereafter a1 the option of ssid MORTGAGEE, withovt notic~ w demaod, wit at law a in equity, thereforo or thereafta beyw+, maY b~ prosacvted u if ~II rtwee~ts wcwed haeby had matWed prior fo ib i~sfifvtiOn. 7. That in tM went that st th~ beyinniny of or ~t any tims peodirg any suit upon thb Mortysge, or to fwedos~ h, o? w rofam h, or to enfora payment ef ury da;ms h~re~nder. said MORTGAGEE shall apply to tM Court h~vinp jurisdiction thcreof for the ~ppointment of ~ Receiva, wch Covr1 shall forthwith sppoint ~ receiver of said mwtyayed property +11 and sirg~Ia?, includ~rg all and sin~ula~ the income, profits, issues and nvanues irom wMtever souro~ de.ived, each and every_ of which, it bein~ expressly voderstood. is hercby mortgaged as if speciticaly set fonh and detaibed in ths prsntinp aod habaedwn clauses Iw~eof, and wch Receivn shall have all the broad and sffective funct~ons and pov+ers ln anywise enirusted by a Court ro a Receivu. ~nd such appointm~M sMll be mad~ by wch Co~rt u an admltted equity +nd ~ m~tta of absolute ~ght to ssid MORTGAGEE. and witlwW refaenc~ to the adequxy o~ indeqwcy of the v~lus of the property nartya~ed or to the soNenty w insolvency of said MORTGAGOR or the defendants, u~d that svch renn, profi», incane, issues and revenues sh~ll be spplisd by such Receiver saordirg to th~ lien or equity of s+id MORIGAGEE ~nd the prsdioe of such CouA. - 8. To duly. pranptly ~nd fully psrform, discFwrye, execvte, effect. compkte, comply with and sbide by e~ch and every the stipvlatara„ yreemeMS, conditiom and tovenants in said pramissory note ud this mortgsye set iorth. ~ 9. That in tM event tl~e owncrship of tM mortgsyad premises, w any part ttKreof, becomes vested in ~ person other than the MOItTGAGOR, th~ MORTGAGEE, in svcoesson ~nd suigns, m+Y, wi~hovf ~o~ice to the MORTGAOR, deal wi~h such wccessor or wccessor in interesf with nfsrence to this mortp~ps and the debt hereby sacvred in tht sarne mamer as with Mortyagor without in any way. vitiatug or discharpinp ths Mortyagon' li~biliry here- under or ~pon the debt hereby secured. No s~k of the premises I~ereby mwtgsged and no fwbeuanoe on tM pan of the MORTGAGEE or in succeswrs w sssig~a ~nd no extcnsion of the time fw the payment of the debt hereby secured ~ive~ by tf+e MORTGAGEf or in suaes:on or sssigns, afwll oper+t~ to relea~e, dischirpe, modify cF~gs a affect the origu+al liab~liry of tbe MORTGAGOR here'uw, eithsr in whole or in put. _ 10. It is specifically sg~eed that Hme is of tlw easence of this comract and th~t ra wsirer of any obligatan he.ew~der or of tM obliy~~ion se~ cvred hsrsby shall at aMr time thereaher be heW ro be a waiver of the terrtq, hereof or of the instrumem sec~red herby. lo addition to the forego:ng monthly payments of princ:psl and interest required by the promiuory note secwed hereby, mort por~wenemlf and aprees to ~.a1Q~ agee with each monthly payment an add~tion~l sum estimated by mortgagee to be equal to 1 1 nua cost of the follow- ing: - A-Atl resl property taxes kvied or assessed against ibed resl B-Premiums on fire snd windstorm inwrance as herein requ~r rn ovemenb sitwte on the above descn'bed premisa. C-Premiums on such mwt9age 9wranty i mortgsgee shall from time to time deem on the ban secured hereby. I Mortgsgee shall from time t o~ mortgagor in writing of tF~e smount due and payable hereunder a~ su I thereupw~ be doe and payable on the due d e next mo+~Mly payment and each succeuive morith thereafter until mortgagee shall notify mortgagor o e in such ~ amouN. shall be applied by mortgagee towsrd the p+yme*~t of real property taxes, inwrance prcm:ums, and mortgage gwr~nty m f ? ~ (N WITNE55 WHEREOP, ttie wid MORTGAGOR hss he?euMO set his hand and sea) ihe day snd yeu first aforesaid. • _ o-- ~ Sipnad, S~al~d and delivered in tM presanoe of: C ~iL~e.~-~-~c..~!-7~iz P~c.r ~Sea~ ~ ts"Q ~ ~ a Y~.~a~C..? ts..~ tS.a~ STATE OF FLORIOJI ~ ST. UJCIB . counmr oF - ~~f ~~~~h Veronica I. Frow, s widow ~ w me we~~ knovn, .~a known to me to b. the individwl~ described in and who e:scuted ths for~oug instnxnent, rd adcnowtedyed beforo rn~ that lF~ej executed tFM sarrw fw tM purposa therein ~xprested. ~a~r~r~ra~r ~ w~rNess my h.~a .ad ofrki.~ tht~ .2 S~ d,y of Ja?nuaYy ,,..::A;.q:; i.y~,--64 • ~J /1GG~YK~~~ 1 ~ iZ ~ ~ • . J,; ' - FILED AND a~CORDE[~' ~~ry p~Ik in a~d iw th~ s~ati o~,l°ord~~t.1~i~.`'t. . ST. LUCIE COUNTY. fLA. ~u?r co~~ ~~res: ~3;;~~; ~ U-•, T°~ c V£RIFIED - - , , . fust ftidenl Of fort Pcerloin Association .rt C 0 R n ~IOTA~Y ~aUC. =TATE `6f FL0R1~ A~' _ .L'741'71 M1f COMMISSION EXPiRES ~n : ~ 1~- J : , - ~ OEO 1NR011~q IRE tE f a~'~. : C: . Fwt Pierae. Florida '69 JAN / i9~+ o M/,.' O a~ e~tioR. ~ ' 2f'7 ~ • , k !I , j•'~ V Z i - ` l~•~j, . . ~ . This Instrument Prepared By ,r~0;,~~ITRAS ~ ~ First Federal Savings 3 toan As~c~~C~RCUIT COURT ' of Fort Pieroe Chedced By Robert L. Marshsll, Jr. 800K1?5 Pac~~.401 . ~ ~ ~ ~ ~ ; ~~.v~:._ .