HomeMy WebLinkAbout0198 ~ ~ ~ ! l.fL'
To plaa ~nd continvanb kNP on tM buiidinp~ now a h~re~ftK wfwt~ o+~ said I~nd and on all pviprn~nt ad pason~~hl cov~~d b1? ~~ab'
ap~, with ~!1 p.~mivms ~herwn paid ie f.?11, f'a~ insurana in th~ uwsl iundard policy fam, in ~ wm spprowd bp th~ MORTGACsEE, u~d wind~tonn
inswanoe in th~ uwal uu+dard poticy tain. in • wn? ~pprovd by tM MORTCsAGEE, in ~uch comp+ny a comW~ia u tM MORTGArsEE ~n+y
dindj ~nd all fin and windstorm i~swana polici~s on anr of aid build~nqs„ ~ny inhr~st ~h.r~in o, part thsrwf, in tl» appre9+N swn afw~said a
i~ ~cHss thawf, shall cont~in tl+~ wwl standad maty~M cl~us~ w wch otha clau~ u tM Mortpayw m~y rpuir~. en~k6+p th~ loss ~^dN s+id po~4
cies. sach and ~wry. paYabl~ a said MORTGAGEE as ia i~?terat m~y ~pps~r. a+d ~ach +nd ewry wch policy ahall b~ promptly aa:9nad w+d d~liver~d to .
any M~d by s+id MORiGAGEE a fuNha sscwity to aid mort~sQ~ d~bt, ~~+d, not bst tlwn Mn (10) dayt {n sdvanc~ oi tM expiration ot ~ach polity. to d~-
livsr ro s+id MORTGAGEE a ~~new~l th~~eof, top~tMr with s racapt for tM pnn+ium of wch ~ernwalj and then sl++ll b~ no fin o~ wind~tam intw+erc~
pisoed on ~ny of s+id birildnps. +ny interest tF~ein ar p+rt thenof. unkss in tM form and with th~ lost psyabi~ as afor~s~idr +~d ~~11 ~ -
of eewr~y becon»s pay+Db vnde~ wd~ polky w po~~cios s+id N?ORTGAGEE ihall h~w tM optio~ to raoei.v and ~pply tM s+~n~ o~ acco~nt of th~ ind~bted~
neu s~tur~d Mr~by w ro permit said MORTGAGORS ro nuiw u~d uM N a~ny part thereof fw other purposes, wi~hout thaeb~ waiving a impaia
~~Y ~~h/. lien or riphl veder or by virtw of Ihis morly+~ej ud in tM ~vent said MORTGAGORS ~I?all fw ~ny ~sason f~il fo kNp ths uid prtmiset w
ina~r~d, a f.il w d~llver promptly ~ny of aid policies of i~surann ro ssid MORTGAGEE, a fsil promptly to pay fulty ~ny premivm therefa w in any
rssp~cl fail ~o perfwm. dischar9t. execvt~ aff~d, canpl~te. comply with and tbi~M by this tovenant. a u?y pan herwf, said MORTGAGEE m~y plaa~ snd
paY for wch insu.anu o~ any paH th~nof without w~ivinp or affactinp any option, lien, equiry. a right vnder or by virtw of this Mort9:~ye. and tht
full ~rt~ow~~ of each ~+d ewry wch WymMf sh+ll b~ immediately dw and pyaW~ +nd sh+ll beu interest kom th~ daro tl+enof until p~id at tM raN oi
nine pa centum pK annum snd topefher with such i~terest sha!I be secured by the 1'~en of thh matya9e.
1. To p~rmit, aommit or wffer no w~sN, impakment o~ detcrior~tion of said prope~ty w+ny put ther~of.
S. To pay afl u~d sinp~lu the coat~„ cMrq~s and expemes, includH+p + re+~on+bk attwn~y i fe~ and oosts of absnacts of titl~, incwnd or paid ~t
any tura by said MORTGAGEE, bacause a in the ~vent of ths f~ilwe on the psrt of the said MORiGAGOR b d~rly, promptly and fully psrfo~m, discharyw
execvt~, ~ff~c1, compkt~, oomply with a~d ~b;de by ~aci? and evcry ehe sY~p~lations, aqreements, conditiom, ~nd covenants of said promiuory ~ot~ and thq
rtlOfl9~f My Of N~IfOf. u~d said eosts. chargea and txpens~s, e~+ch and every. shall b~ immediately due and payable: whether or not thae be notice dr
mand, a»empt to eolket or suit pa~din9; and tM full amovnt of tsch ~nd everY s~ch payment shsll bear u+tereit from ~he date tiKnof until paid at M+~
rate of nine per c~nlum pe~ amwm; and all said tosts, tharge~ and exp~r?sei irrcwred w paid. iopelher with s~ch ioterest, sMll be secwed by th~ lie~ of thia
^arq+p~•
6. Tlwt W in the event of ~ny breach of this Mortyage or def~ult on the part of the MORTGAGOR, w(b) in ths event any of said sums of moMy
herein rtferrd to be not promptly and fully paid within thirty (30) days next after the same uve~atly become due and peyabk, witI10V1 dfrlfitld Of IWtit~.
or W in tl+e eveM eKl+ ~nd every the stipulsYwr~„ sgreemsnts, conditions and coven~nts of sud promiuory note ud th~s matgape a~y w ti~her ar~ no1
~uy, promptly and futiy performed. dacharged. executed. effected, compl~ted, complaed with ~nd abided Sy. theo in e~ther or any such event tM s+id ag
gre9at~ wm mentioned in ssid p~omiuwy note thqn rem~ininp unpaid. with ime?est acu~?ed. and all moneys secured Mreby. shall betomt dw aed pay-
able fonhwith, W 1hQ?NffN, +t the op~ioe of said MORTGAGEE, u fully ~nd completely as if all of the sa~d wms of maxy were wgiMtly stip~lated
ro bs paid on svch day, anything in sa~d promissory note or in this Mortyage to the contnry notwitFqtand'enp; and thereupon or thereafter at th~ op~ion of
sa~d MORTGAGEE, wirhout not~ce w demand, wit st law w in equity, tFlltlFOM O~ 1hefNltN ~Vf4 m~y bQ (NOiKYtld if if alI mooeps wcur~d her~by
had mar~rsd prwr ro~n inst~twion.
7. TFut in the event that at the beginninp of or at ~ny tm+e panding sny wit upon this Mortgsgs, w to foreclose it, or b rofwm N, w to eofwa
payment of any cta'uns hereunder. said AIWRTGAGEE shsll apply to tl+e Co~rt luving jur~sdiction thereof iw the appointment of ~ Raceive?. wch Cwh ah+ll
forthwiM appoint a receiver of said mortgaged property sll ~nd sirgutar, inclvd~np a11; and singulu the income, profits, iswes +nd revenves from whatever
wurce derived, each snd e~rery of which, it beiny expreuly unders~ood, is hereby mortgaged as if specificslly set fwth and dewibed in the 9r~ntinp and
habendum cla~ses hereof, snd such Receiver shall have all the broad and effettive funct~oos and powers in snywise entrustet! by ~ Cou~t to s Reteivsr, u~d
such ~ppointmem shall be rtude by wch Court as an admitfed equity and a maner of absolute right b said MORTGAGEE. ~nd withoW referenu 1o Ths
.dequscy or inadequacy oi fhe vslve of the properry mort9aged or to the solvency a insolvency of said MORTGAGOR a the defendants, and that such
renrs, profin, inc«ne, issuES and revenues shall be applied by s~ch Receiver accwd~ng to ths lien or equiry of said MORTGACaEE and the practice of such
Covrt.
8. To duly, prompNy and fully pufwm, dschar9e. execute, effed, complete, comply with and abide by ead~ ~nd every the stipubt~ons„ ~greemeob. .
conditioro and covenants in said promissory note and tha mortgage tet fwth.
9. Th~t in the event the ownenhip of the mort9aged premises, w amr pan thereof, becomes vested in a perwn other than tM AIIORTGAGOR, th~
MORTGAGEE, its successora and assigns, m+y, without notice to the MORTGAOR, deal with such successw or successw in inte?est with reference ro this
mcrt~ape and the debt hereby secured in the sune mamer as with Mortgsgw without in any way vifiatirg a distharging the Mwtgagors' li~bility he~?
under w upon the debr hereby secured. No sale of the premises hereby mwtgaged snd no fwbearance o~? the part of 1he MORTGAGEE or its tuccesson
or auigm and no eatension of the time for the psyment of the debt hereby secu?ed given by the MORTGAGE~ or its successors or assgro, shall opKat~
ro release, dixharge, modify chaoge or affect the original liabiiity of the MORiGAGOR hcrein, either in whok o? i~ part.
10. h is specifically agreed that time is of the essenca of this contract and that no waivet of any obligatwn hereunder w of ths obligstioe se-
cured hereby shall at ~ny time thereaher be heW to be a waiver of the terms hcroof a of the instrwnent secured herby.
11. itia~ to the fwego:ng rnonthly payments of princ:pal artd interest required by the promissory note secured hereby, mortgagor cove
and agrees to pay to mo ach nwnthly payment an addirional sum estimated by mortgsgee ro be eqwl to 1 12 ollow-
ing:
A-All real property taxes kvied or aucssed agai~ut the a v estate.
8-Premiums on fire and windstorm inswante as ' uued to be carri o ' roveme~ts situate on the sbove desaibtd premius.
' C-Premiums on such matgage gwr ' urar,ce as mortgagee shal) from time to time deem ' tarry on iFx loan setured hereby.
Mortgagce shall from ti ~me notify mortgagor in writing of the amount due and payable he?eunder an um shall thereupon be d~e and
payable on the d o the next monthly paymeM and each successive month thereafter until mortgsgee ahall notify mor a chanpe i~ wth
amount. wms shall be applied by mwtgagee toward tl~e paymcnt of real property taxes, insunnce prem:vms, and mortgage ~uar rance
wns.
IN WITNESS WHEREOF, the ssid MORTGAGOR has hereunto set his hand and seal the day year fint afaresaid. ~
Sea and del' in the preaence of:
, ~
4 (L1~
F tt.~~
€
~
' STATE Of FLORIDA
~ St. Lucie ~ ~
couNtY oF
defwe me persoealh appeared Kathryn bt . Gibbon~ A Single Adult ,~,,,d
s-- 'fe, to me well known and known ro me to b~
rhe individwl~ dewibed in and who executed the faayarg instrwrNnt, and acknowkdged befwe me that ~+s~a executed the sarn~ fw the purposes
rherein expressad. /a+d tF~!-ssSa Sh@
wNe-of~hr'tieid rF+M ~'NP~«?+~-P~~•
u~aroio+tion~y.~ae~..takri ~ep~~rt~-ac?r ~p~a~tlw~.Ir~s~id~aod..acknaJ~dped~ ~nd~Eo~~.~+r1haL ah~ ~aeuat~d~saiaL i~aw~nt. f~~sly~w~vol~ir
tar:l~? ani.+witi~w~+qr-nwPr4ia~ sarrtniotr apprsLaoy~ar.l~ac af.ar~om.hrr.iaid ~rh~od
~~~r
~ WRNESS ay Mnd and offic;al seal thy day of A. D. 19~-
r.
Noary Publ' ~nd fw t ab of Hwid~ ~t tarp~
~ My Comm ~npir~s: ~ • 6~ / ~ ~ /
~ Retum To: f~~ ~ ~
~ Fint Fed~ral S~vinps 3 loan Astociation ;~~~s`~~, ROtily S~ ~
~ • ~ ~~,~xpnt Aoq. 6.19A
Of Fort Pierte. `~s~~ ~ ~~Sl~la
~ Fwt Pie.ce. Florida `s~~~jp~';...'...`~_'.,• ~
~ ~ 9 ` : .
= QJ' -
'r= FILEO AND RECORDEO
'3- ~ ST. LUCIE COUNTY. FLA.
This Instrument Prepared By = ~~'~r=° {~=:CQPf `1~~~F~EO
First Federol Savings b loan Association f= 0~=f~ _ ~.~y
of Fort Pierce : : Q" ; c~~ = , j, `
° 'o`` ' ` 8 AH I I ' 48
ct,~~a s coiii~s ~''~.~o:~~ ~:'~t~- '69 APR 2 ~ -
y ~j'~~.~. . "1 ~L~
i~.1'
~0~177 ~ 197. ~ CLERK C R~VIT CBURT~
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