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HomeMy WebLinkAbout0352 i :t• ~ To plau and co~tim;o~sly ktep on tM buildinps rw~w a h~r~~ftN sitwb on said I~nd ~nd on +11 eqvipm~nt ~od p~rwa+liy cov~rtd by thi~ n?ort~ ~p~„ with dl pnm+ums thKwn pa~d in full, fin ir+sur~nu in tM us~al standa.d poiiry form, in a wm ~pprov~d by tM MORTGAGEE, and winditam imwana M tM uswl puwlud polity fum, in a sum ~pproved by tM MORTGAGEE, in such company or comp+nies u tM MORTGAGEE m+y ~ d'arct~ a~d all f6~ u~d wi~dstorm inwra~d policies o~ a~y of said buildinpl, ~~y ieltHfit tF~e~fin Ot p0~t t~~tOf, in tFw +~preyar~ wm afonsaid or in ucas~ Ih~nof, thall contain tAe usual it~ndud m«tgspe~ cla~se or iuch otha clavis u 1M Mortpa9ee may raquke. m~ki~g the loss undsr said poli~ t cip, each aad ~very. paYsbi~ fo uid MORTGAGEE +s ib interest rt~y ~ppear. u~d each snd every such poticy thsll bt promptly au:pned ~nd detivered ~o ~ny h~id by s+id N?QRTGAGEE as funner secvriry :o taid rtwrtyaye deb1, ~nd, oot leu tF+in ten (10) days in advancs of the exp'uation of each policy, to d~- IivN to wid MORIGAGEE ~ renewal thereof, topether with a receipt fw the p~emiw~n of tvch re~r?ewal= and ther~ ah~ll be no fire o? windstam i~uuranc~ ~ plapd on N~y of said buiWinys. ~ny intaest therein a part tF+ereof, untess in the form and with fhe loss p~yabk as atwes~ids a~+d i~ the eve~t any sum ~ a/ nq~Ky become~ p~Yabb ~nd~r wch policy a, policiea said MORIGAGEE shall h~w 1he option to receive and ~pply the sam~ on account of the indebted~ i nns srcw~d hK~py p b permif uid N10RTGAGORS ro ~eteive and us~ it w aey parl thereof fw othet purposes, without thereb/ waivi~y or anpair- ~ inp any pviry, lien a r'phl w~dsr ot by virtw of this mortQa~e; and in the ~vent iaid MORTGAGORS shstl fw sny reason fsil to keep the said premises so ; inwnd, or f~il b ddivK promptly ~ny of wid policies of insu~ance ro wid 1NORTGAGEE, or fail promptly to pay fu~ly Any premium the~~for w in any ; nap~ct fail b pKfam, dischar9e, e~cecute, effect, complete, comply wi~h and abide by this covenant, or any pa~t harwf, said MORTGAGEE may pl~ce ~nd ' p~y fa tuch i~u~ano~ o? ~ny put thereof without w+iv'uig o~ affecting sny option, lien, equity, w right ~nde~ o? by virtw of this Mwtys~e, snd tht full amo~nt of ~sth u~d wery s~ch payment shall be immediat~lY dw and paYabk and ihall bea~ interest from ths date_thereof ~ntil paid at ths ~at~ oi nine pu centum pK amum and together with wch intaest shall be secured by the lien of this mortgage. 4. To psrmit, ooewnit ar wffK no wut~, knpairment o~ dcterior~tion of said property or sny put thereof. S. To pay all and skgvlar tM cosn, ch+eqes ~nd eapenses, indudi~g + reasa+able at~wney's fee ard costs of sbst~acts of title, incurred a paid at any time by said MORTGACsEE, Mcavss or in the weM of tM failure on the part of the :aid MORTGAGOR to duly, prompHy snd fvlly perforrt~, d~xMr~, execute. effect, compt~t~, eomplY with e~d ~bide by each and every the stipula~ions, sgreeme~n. condit~oro, and covenanq of said promissory note u~d thy ny w either. and s~ld cotta, d?~r~es and expenses. each and every, shall bs immediately due snd payable; whether or ~ot the.e be notice de~ ; mand, to colket or wit pa~ding; and the (ull amount oi each ind every such payment shall beu interest from 1he dste lhereof unti! paid at tht rate of nine r centum per emwm; and all said costs, chuyea e~d expenses incurred w paid, together with wch imerest, shsll bs setured by ths lieo of thN matp~. 6. Th~t (s) in the event of any breach of this Mortgage or default on tM pah of the MORTGAGOR, or (b) in the event any of said swns of money herein referred ro be ~ot promptly and fulFy p~id within thirty (30) Jays r+ext after thc same seve~atly becwne due and payable, without demand w notice. or (d in ths even~ each and every the stiputations, agrseme~b, conditions and cove~snts oi ssid promissory no~e and th~s mwtgage any w either are ~01 ivly, promptly and iully perfotn+ad, dixh~rged, exetuted, effetttd, tompleted, complied with and abided ~iy, then in eiihet or any such eveM the wid ap~ yregah wm meMiooed in said promissory note tlxn remaining unpaid, with interest acuued, and all moneys secured hereby, shall betome dw and p~y- able forthwith, a thereafter, at tM option of said MORTGAGEE, u fully and completely as if all of the said wms of mooey were aiginally stiputated to be piid on such day, anything in said promiuory note or in this Mortgage to the contrary notwithstanding; and thereupo~ or thcreafte~ at the option of said MORTGAGEE, witlw~t notice w demand, tuit at law or in equity, thcrefore or thereafecr begun, may be prosccuted as if all nwneys sacured hereby a had rrNtuted prar to iri lrntitution. ~ 7. That io the event that at the beginning of or at any time pendirg any suit ~pon this Nbrtgage, or to fweclose it, or to refwm it, w ro enfora ' payment of am? tla'uns hereu~xler, said MORTGAGEE shall apply to the CouA having jurisdiction thereof for the appointment of a Receiver, such Court shall 't forthwiM ~ppoint a receiver of said mortgaged property all and sing~lar, inclvdmg all and sing~lar the income, profits, iuuss and revenues f~om whateve~ ~ wurce detived, exh and every of which, it being expressly understood, is hereby mwt9aged u if tpecifically set tath and dettribed in the granti~g and habendwn clauses hereof, and such Receiver shall have al~ the Ixoad and effective fvnct~ons and powcrs in anywise entr~sted by a Co~rt to s Receiver, and such appointmeM shall be made by such Court as an admitted equity and a matter of absdute right to said MORTGAGEE. snd without reference ro tF+e adeqvacy or insdequacy of the value of the property matgsged or to the sohency w insotvency of said MORTGAGOR or tM defandann, and that such renn, profits, income, iuues and revenues shall be applied by such Receiver accord~ng to the lien or equity of said MORTGAGEE and the practice of such CouA. 8. To d~ly, promptly and fully perfwm, d'ncharge, execute, effect, complete, comply with and abide by each s~d every the stipulations, agreame~b, conditiom and covenants in said promissory note and this mortgage set forth. 9. Thaf in the event the ownership of the mortgsged premius, o? any paA ihereof, bccomes vesfed in ~ person other thsn fhe MORTGAGOR, the MORTGAGEE, its succeuors and au~gns, may, without notice to the MORTGAOR, deal rrifh such svcceuw a successor in interest with refcrence to fhis mortgspe u~d the debl hcreby secured in the ssme manner as with Nbrtgagw withouf in any way vitiating w disthsrging 1he Mortgagws' liability hera under or upon the debt hereby secured. No ssle of fhe premises hereby mortgaged and no fabearance on the pan of the MORTGAGEE w its suocesson or auigea and no extension of the time iw the payment of the debt hereby secured given by fhe MORTGAGEf or iri succesaon w assigns, ~hall operat~ to rekaae, disch~rge, modify chsnge w affect the orginsl liability of the MORTGAGOR herein, either in whole w in part. ~ 10. It ls specificalty agreed that time is of the essence of this contract and that no waiver of any obt~gation hereu~der or of the obligation se- ~ cured hereby shall at any time thereaher be held to be a waiver of the terms hereof a of the instrument secured he+by. Pl. Iq, sdd~tio.~ to the faego:ng moMhty payments of prin~ pal and interest required by thr prom3uory nore secured ~ and agrees to pay~olno~s'fgag ith each monthly payrnent an add~rional sum estimaled by mongagee to of the ann~al cost of the follow- ± ing: t A-All real prope~ty tsxes kvied w assessed aga~ns ~ real estate. B-Premiums on fire and windstorm insurance ~n requ~red to on the improveme:+ts situate on the above described premises. C-Premiums on such mortgage ~nsurance as mortgagee shall from time to t~me (wn secured hereby. kbrtgagee shall fro o time notify mortgagor in writing of the amount due and payaWe Mereunder and such sum shall t+er dve and payabk on tl~e d e of the ~+ext monthly payment and each svccessive month thereafter ur.til mortgagee shalf notify mortgagor of a change in Ij amount u~ sums shall be applied by mwtgagee toward the payment of real property taxes, inwrance prem:ums, and mortgage guaranty insurarxe ~ ~ums. IN WITNE55 WHEREOF, tF?e said MORTGAGOR has hereunto xt his hand snd seal the day and year first aforesaid. f si~ seaka .na ~n2. ~n the presence of: ~ aQ n n aq STATE OF FIORIDA ~ ~ S5. coutrnr oF St. Lucie def,rc ms psnau~~y,ppe„ed Lester Chaney ,~a Ro~a Chaney his wife, to me well known and known to me to be the Individwb described in and who executed the f«e9oi~p instrument, and acknowledged before me that they executed the same for the purposes rrx.ein .xp.es.ed. /u,d rhe ..°J Rosa Chaney ~ wife of the s+id Z.e8t@I C218I~@~,? upon • separate snd privat~ ~ examin~t~on by me takee? stpsrate and apa?t from her said husband, acknowledged ro and before me that she executed said initrument fre~ly and volw~- rariiy ~nd withovt ~Mr compulsion, constraint, appreFrornion, u fesr of or from her said hvsband. ( ~ WITNESS my h~nd a~d official seal thii day of M~C A. D. 19~ ~ Notary Publ;c in ~nd iw the State of Florida at Lary~ ~ " . My Commission ~npires: _ ~ Retvrn Ta ~ ~~,•••~~~Nr~~~.,, ' j ~p}~y PI~[. Sb~ 0~ ~Ofl~ ~ ~/fN ~ fira f~daal Savirg. a loan Associat~on ~ ;1 ' ~ ~ ~ ' 1~ Cosaassion E:pira Spt. 23. 1969 ~ Of fort Pierce. _ ~o.IN h~ w~ a Gw~r G. ~ , iqrt Pierce, florid~ C : ' f . . ~ ~ • - w _ r~ 1 F i L E D A N O R E G O R D E O s~ ST. LUCIE COUNT Y F : : ~ - - - . ' . - j?~5~82 RECORO vERlFltfl~ a. This Instrument Prepared By ~ s- • ~ First Federal Savings b loan Associafagfsi Q i9s9 ra~ ~ i . - ' of Fort Pierce r•,, ~ ROGER PuITRAg' ; ch~~d ey 1 c°ll;n~ CLERIt CIRCUlT COURt ' ~ f - ~ - aonK~?6 351 =~--s ~ s r { 6 - - - - - ~~s~.~.~~-~"~.~,._ . _ ~