HomeMy WebLinkAbout2423 ~ ; ~ ~.1~
To plxe and continvo~sly kNp o~ th~ buildi~ps eww w hK~aftk ~ituit~ on said I~nd a~d on all puipm~nt and pa~onally covend by tN~ morl¢
ap~, with all pnml~ma thason p~id in ivlt, fi~~ insw~na in tiw uiwl star+dud po)ky fpm, in • sum ~pprov~d by tM MORTGAGEE, ~r?d w'u~dstorm
insw~nce in tM inwl ~tand~rd policy fwm, M ~ wm ~pprov~d by tM MORTGJIGEE, in wch comp~ny or conip~r?ies u th~ MORTGAGEE euy
dinctj and sll fin snd windsro?m in~w+na policiea m u~y of said buildinpt„ any terersst tMrein w put thersof. in tM apprepN~ wm afor~said w
tn fxcea thereof, ~hal! contai?~ tFa uwal stsmlud mortpa~ clws~ or svch othtr clau~ as th~ 1Nortyps~ rt~y requ'u~. makFnp IM loss undK s~id pol}
ciea, each u~d ew?y. p~Yabk to aid MORTGAC,EE is its inlenst m~y app~u. and tach +nd ~vNy such policy sMtl b~ promptly ass:yn~d and dtlirrered to
~~y heW by i.td MOrtTGAGEE a funher sea,riry ro said mor~yap. debr, and, aof Isss than ten (10) days in sdwncs of ths expiration of each policy, to d~
liw? to ak! MOhTGAGEE • renew~l thareof, tope~hK with ~ receipt for the prNniwn of such ~enewal; and ther~ shall b~ no f'ue w windstorm inwranc~
plaoed on u?y of aid b~ildinps. ~ny iroereit thereio or p~n thKeof, ueleu te the form ~nd with rhe bss payahk a~ afaesaidt and in th~ ~wnt any sum
of mon~y becoma payabls wide~ wd? polSq a poficies said MORTGAGEE sha11 hive ths option to recelve and apply tl?e sams on accoum of tM ind~btad~
ness aecw~d l~u~by w to permit ~sid MORTGAGORS ta receiw and it a aey pa?t thereof iw o~her purposei, wi~hout ~hweb~ waivi~.g u i~-:~,e~r
inp any puity, lien or ripht v~+der a by virtw of this morryaye; erid in th~ event sa~d MORTGAGORS sMD fa ~ny reawn fail to keep the s~id premises w
inw~ed, ot fail fo deliver promptly ~ny of said. polit~es of inwrurce to seid MORTGAGEE. w fail promptly to pay fully any premivm tAerefw a in ~ny
respset fstl b pKform, dixhuge, execute, ~ffsct, complete, comply with a~?d ~bide by this covenant, or any pan ha~wf, asid MORTGAGEE may plac~ ~nd
pay fa such Lnurano? a u?y p~rt thereof without w+ivinp a affedinp +u~y option, lien, equity, or right under a by virtw of this Mo?tya~e, and the
futl artaw~t of tach and ~vky wch payment sh~ll be immed'utsly due a~d payabk and shall beu iMerest hom the d~t~ thsreof until paid at ths uN ot
nine ps~ centum ptt annum and together with urch Inte+e~t thall be secvrcd by the I'ien of this mort9age.
1. To pamit, oommit or suffei no waste, l~np~irment or deterioratioo of said property or ~ny paN the~eof.
S. To p~y dl end sing~lu tM ooats, clwrges aod expenses, inclucling • rcasonabk anorney's fes and wsb of abst~acts of titte, incvrred w paid at
any tims by s+id NWRTGAGEE, bscau~e or in the ewnt of ths failwe on the p+?t of the said MORiGAGOR to duty, promptty and f~lly psrfotm, d+ach+ryet
execute, eNscr, compkte, oomply with and ab:de by eath and every tl~s atipu4tions, agreements, conditio~s, and covenann of said promissory note and thq
mortyays sr~y or eithe~, and sa~d coits, chupes and expeeses, c~ch and every, shall be immediately due and payable: whether w oot there be ootice da
mand. attempt to colkct o~ suit per~dirgj and tlw futl amovnt of esch and every such payment shall bear interest fran tM date thereof until p~id at tht
rate of nir~e per ce~tum per annum; and all said costs, ~harges u+d ezpenses incurrsd or p~id, togelher with suth interest, shall b~ secured by ths lisn of tlw
^wrp+D~,
6. Thst (a) in the event of a~y breach of this Mon9~ge w defautt on the part of the MORTGAGOR, w(b) in the event any of said sum~ of nwney
herdn ~efened to be not p.ompily and fvlly paid wi~hi~ fhirty (30) days next after the same severally become due a~d payable, withovl dem~nd w notic~.
or W in the event each and every the stipulatioru, a9rsemems, conditions and covenann of satd promissory note and th~s mortgage any o? either arc no1
iuly, promptlp a~d f~tty perfwmecl, ci~scAarped, execv;sd, sffected, completad, complied wi~h and abided by, then in e~tF?er w any such event the said ~g
~regate wm ment~oned in said p~omissory note the~ remaining unpaid, with imerest acuced, and all moneys secured h~veby, shatl becaoe dw a~d p~y~
able fo?tAwith, o? thereafter. at the option of said MORTGAGEE, u ~utiy ~nd compktely as if all of the said wmy of mo~?ey were wigir?~Ily stip~l~ted
to be paid on svch day, a~ything in said promissory note w in this Mortgage to the contnry notwithstsnding; and therevpon or thereaher at tM optwn of
said MORTGAGEE, without no+ice or demaeKl, wit at law or in aqvity, therefo~e or thereaftar begun, may be prosecuted as H sll naneys secvrsd hereby
had mawred prior to its insrirution.
7. ihat in ths evant fhat at the beginning of or st s~y Y~me pending any wit ~poo this Mortgsge, or to foreclose N, w to ?efo?m it, or to enforp
payment of sny daims hereunder, said MORTGAGEE shah epply to the Court having jwisdidion thereof for the appointment of ~ Rece+ver, svch CaHt shalt
forthwit6 sppoint a receiver of said mortgaged ptoperty a!I and singular, krclud~ng all and singvlar th! iiioprn! piotits; issues and reve~ues from whateve~
so~rce detived, rsth and every of which, it beinp expressly undtrstood, is hereby mortgaged as if speci{kally set fath and desaibed in the gtantinp and
habendum davses hereof, a~d svch Receiver shall have all the b?oad and effective functions a~d powen in anywise entrusted by a Cour1 fo a Rscaiver, snd
a~ch sppointment sF?all be made by wch Cowt u an admitted equity and a matta of ~bsolute right to ssid MORTGA6EE, and without reference to tha
adeq~scy p in~dequacy of the wlve of the propnty mortgaged or to the sotvency or insotrency of s~id MORTGAGOR or the defeixlanb, and thaf such
rents, profits, incane, issues and revenues shall be applied by such Receive~ accwding to fhe lien w equity of said MORTGAGEE and the pr~ttice of such
CouA.
6. To duly, promptly snd fully p~rform, discharge, execute. effect, complete, complY with and abide by each and every ths stipulatans, sgreemenq,
conditio~s and covenants in said promissory note and this mortgage set forrh.
9. That in the event the ownership of the mortgaged premises, p any part th~reof, becomes vesfed in • per~on other than the 1MORTGAGOR, the
MORTGAGEE, in successors and assigm, may, without notice to the MORTGAOR, deal with such successor w succeuor in interesf with reference fo this
mortgage snd the debt hereby secwed in the same manner as with AAortgagor withouf in any way vifiating a diuhargin~ the Mwtgagors' liability hera
under or upon the debt F~ereby setured. No ssle of the premises hereby mortgaged and no fwbearance on the part of the MORTGAGEE or its suaesaors
w assig~ snd no exten:ion of the time fa the payment of the debt hereby secured given by tF?e MORTGAGE~ w in s~ccessors w assiy~, shall oparat~
ro rekase, dixharge, modify chanqe or affett the w:oinal liability of the 1NORTGAGOR herein, either i~ whok or in part.
10. h is spec;fically agreed thst time is of the essence of this contrxt and that m waiver of any oblgat~on hereunder w of ths oblipation se-
cvred hereby shsll at any time thereafter be held to be a waiver of the te~ms hereof a of the instrument sec~red herby.
. In additia~ to the forego:ng monthly payments of p?inc"pal snd interest required by the promiuory ~ote secured hereby, mort
and agrees mortgagee with each monthty payment an addiiional wm estim~ted by mortgagee to be eq~al to 1 1 ua cost of the foilow-
iny:
A-RII real propeny taxes levied w asses he above described r _
B-Premiums o~ fire and windstorm insurance as herein r u" on the improveme.~h sitvafe on tMe above described premises,
C-rPremiums on svch mortgage gwranry ins s mwtgagee shall frart time to tim it to carry on the loan secured hereby.
Mwtgagee shall from time to ' ~ y mortgagor in writing of the amount due and payabk hcreun h sum shall thereupon be due and
payabk on the due date next monthly payment and each suaessive month thereafter urtil mortgagee shall notify m f a change in wch
amouet. Such s .a+ be applied by mortgagee toward the payment of real property taxes, insurance prem:wns, and mortgage gua ' u~ance
premi •
IN WITNE55 WHEREOF, the said MORTGAGOR has hereunto set 6is hand and seal ti~e day and yeu iirsf sfwesaid.
Sig~ed, led and ti in presence of:
. n
n. c~,~
- rc--~
r~--~
SiATE OF fLORIDA ~
counmr oc St. L ucie _
Before me personally appesred Ollie fivans. a Widow ' `
-his-wiir, to me we0 known snd known to ms q b~
the individwlt dewibed io and wFa exeaited the foregoirg iostrument, and acknowtedged before me that ~h~y. eaecvted the ssme for th~ pwposes ;
_i1 ~
rherein expreued. ~IIR~ ~he +~wi- _ s he ~
„ ~
~vfiavf ~1w iaA~ :
-e~t~tbn~ ~ne-takerrsepsrsf~rand'pan fran i~e~^yeid i+estrand,-~da~o~riiede~ed ys snd ~e?ere ~ne ~fl~srai~e ~~eee~Ned said~ iwsyvn~, f?s~i f.~ ~
~'hr' ~'M'M+~+~ ~?'f'«*P~~+r eonstreinfr ~p~eMe*wow.~+ w ~~?-fww~ ~~saii~ hwMndr . , - ; a~
WITNE55 my h~nd and official se~l d+:+ 7~ day Febru Y ' f~.
. ~ .
Nasry Public in aod fw th~ Ststs of. Horida ,~t'(u~ .
eer~.n To: FILEO AND RECOR~E[S' . My ~°"'"'u'p" e~"~` /.I ~f'! ~ ~ ~ ~ " '
F~~r s~~~s a t4.~, /?~«~r•~ gT. ll~r1E COUNTY. FLI~ . -
Of Fort P~erce. REC.Y~4v~~~E~ ~QTA~Y NIBU~ =TATE OF F10Y1~A ~
Fort Pierce, florida MY ~nMMIS510N ev^•,_e f~EC. 3. 10 ~
IONpEO i NRO~p F A~•. r~ .
lMllt
'89 FEB I 7 PM 2: 56 3•
Tiiis tnstrument Prepared By ~7~,~y
F+rst Federal Savings b Loan AssociatioROGER OITRAS
of Fort Pierce K
Cl.ERK CIRCUIT COURT;
Checlced By R . Kayes
~
~'i o ~175 PACEZ ~ .
~_s... ~ s - ~9 ~ { =
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