HomeMy WebLinkAbout0526 3. To plac~ and coe?fiouously kMp on tM buildinQt now a henah~r Wtu~t~ on said land ~nd on ~II pviprrn~t ~nd p~nonally covKSd by this mor~
with all pr~miwns ~hs~wn paid in fult, fere insu~~nu ie ~M uiwl itandard potKy fwm. to • tum ~pproved by the MORTGAGEE, and windstam
insur~ex~ tn tF?~ uwal itanda.d policy fam, in • wm approwd by ths MORTGI1GEf, in ~vch company o~ companies ~a tM MORTGAGEE nwy
directs Md a!1 fua u+d wiodatorm iiawuia policin on any of M{d bY1Wi~1pt~ ~J1y Tf1f~fHt 1IMtf1f1 Of Pi?T fM~lOI, in tM app~epa~~ wm ~fores+id a
in ~xce~s therwf, sMll cont~L~ tM uswl it~dard mwtpapN clavw a w~ch aFwr claus~ as tM Mo~tyapN msy rp~irt. makinp thi Iws ur~dN said pol}
cies, tatF~ and •very. P+rabN a said ArWRTfsAGEf a~ iT~ intadt may a~/, and sach ard ~vNy s~th policy sh~ll b~ p~omptly ~ss:9ned and dtlivKed to
~ny MW by said MORTGAGEE a fu~tha setvrity to s~id mw~ys~ d~W, and, nw f~ss tMn ten (10) days in ~dvsnc~ of ti,~ ~xpir~tan of exi? policy. to dr
liwr to said MORTGAGEE • rensw~l tF+Keof, topetha with t rec~ipt io~ tM p~aniwn ot wcF~ ?~r~ewalj and ther~ shall b~ no fu~ or winditorm inwraeu
plaqd on any'of said builo?r?p~, u?y imerest thK~in or put thereof, unl~u te tM form and with the loss pay~ble a~fw~saidt ~nd in ~M ~wnt any wm
of morny becanes payabl~ ~r wch poticy a polici~a s+id MORTGAGEE shall hav~ tM option ro reuivs u~d ~pply the wne on acoo~rtt of rM tndsbted~
ness secur~d Mrsby u ro p~_rmif said MORTGAGORS to nosi~r~ and u~ h or aey part thereof fw othe. purposes, w7tFaut thveb~ waivinp a anp+ir-
inp ~nY equify. li~n ar ri~ht under a by virtw of this mort9~p~s and In th~ ~vent aid MORTGAGORS shall fw ~ny reason fail ro keep ths said pr~mises io
ir?ivred. or fail to deliver promptly any of said policies of ie~xsn~n b t~id MORTCsAGfE, or fail promptly to pay f~ly any premium tFrrofot w 1~ any
r~ap~a fall a p~rtwny dixha.pe, execut~ ~H~ct, complete, comply vrith ud abid~ by this mvenaM, or any pan hereof, said MORTGAGEE m~y pl~u ~nd ~
pay fa such inwrana or any put tlwroof without wdvinp a ~ff~diny ~ny option, li~n, equity, w righ~ und~ r by virtw of thb Mafyape, a~d tM
full amo~n~ oi eack ud wKy such p~ymem sMll b~ immediahly dw and p+yabt~ ~nd sMll bsa~ iateres~ hom IM d~h thereoi vntil paid ~t tM rab ol
nine pK oentum pN aawm and topether with such interest sh+ll b~ secv~ed by tM lian of this nwrtqa9e, ~
1. To pKmit, aomrnit or ~uffa no wsst~, impa4entnt or deteriwuion of said propKty o~ any put the~eof.
,
S. To pay all x+~ ~tnpular tM cost~, ch~r~s ~rd ~xpemes, includiap a nasa»ble ~naney's fes and oosn of abstracti of t;tl~, incwred or patd ~t
any tims by said MORTGAGEE, bca~n~ a in tM ~wnt of ths fsilwe on tM paA of tM said MORTGAGOR to duty, prompdy and fv11y perfonn, dixl+arq~
execut~, ~ffect, complet~, comply with ~nd abide by ~ach Md every ~he itipulationa, preemen», tonditia», ind covenants of said promiasory not~ ~nd this
mortyaps any a a~her, and said cos», chu~s and ~xpen~es, each and ~very, ihall b~ knmedi~tely due and pay~bl~s wherher or no~ ther~ b~ noriu da
mand. ~ttempt ro colkct w wh pe~din~j ~nd tM ivll arnount of ~ach and wery such p~yment shall bea? interest from IM d+te thereof vn81 paid N IM
?ate of ni~e per centum pe~ ~mvmj and all s~id oosts, ciw~es and exptnses w+cwred or paid, together with such intaesf, shall b~ setv~ed ~y the lien of Mw
b. That in the wenf of a~yr taeach of this Morfyap~ w d~fsolt on th~ part of ~he MORTGAGOk, or (b) in the event any of ssid swns of mon~r
~
herein referred fo be not promptly and fully paid within thirty (30) days next after the same seveaitly become due and payable, without demand o~ aotice. ~
or W in ths ewnt eack and avery the ~tiputatlons, sgre~n?enta co~ditions and covenana of sa~d promiuory no~e and th~s morfp~e any a~ithar are ~wl
iuly, pomptly ~nd fully pe~formed, discFwped, execvNd, sffected, eomptetad, complied with ~e~d sbided by, ther? in e~ther or ~ny svcF ~wnt tM s~id ~
gregah wm mentioned ie? said promissory •note ihM remainirg unpaid, with inte~est atuved, and ~ll moneys secured herebY. sh~ll beconu dw and p~p
able fathwith, a thereafter, ~t the optias ef said AhORTGAGEE, u fully i+~d completelp as if all of the ssid sums of moeey were wipinally at~pul~ted
to be paid on such day. snythLg in said promiuory note or in this N{ortga9e to the contrsry ~otwithstandin~; ard thereupon a thereahe~ i? th~ op~~on of
sa~d MORTGAGEf, witiwwt not;a a dem~nd, svit at law or in pviry, therefwe or thereafta bsqun, may b~ prosecvted u ff all mo~~rs t~ed haeby
had matwed priw to its institVtion, ' .
7. ?hst i~ ~hs event th~t at the beginning of a st sny twne pendi~p any wit upo~ this Mortg~ge, or ro toreetase it, or ro roforin it, a to enfo~a
paYmeet of any daims hereuoder, iaid AAORTGAGEE shalt apply to the Cowt hsving jurisdictan therwf for the sppointment of a Receiver. wch Cant shall
forthwith appoint s receiver of said mortyayed proptrtr all uK! sirgutar, includu~g all and singulu the incoms, profits, iuws and reveoues from what~ver
wurce derived, each and every of which, it beirg expreuly vndcrstood, is hereby margaged ai if specifically ~et forth and described in the yrx~ti~g ~nd
habendum clauses hereof, and such Receiver shall Mve all the bro+d +~d effective funct~aa and powen in anywi:e entrusted by a CouA to a Receiver, and
such appointment shatl be made by s~xh Court as ~n admitted equiry ~nd a matter of absolute right ro ssid AAORTGAGEE, and without relert~xe to tFu ~
adequscy or i~adeq~?acy of the vslue of fhe p?ope~ty mortg~ped or to the solve~cy or insolve~cy of ~aid MORTGAGOR or tM defendants, and that such :
reros, profin, income, issues ~nd r~venves ihall be applied by such Receivrr accordinq to the lien w puiry of aaid MORTGAGEE and the practiq of such
Covrt. ~
8. To duty, promptly and fvlfy parform. discharye, execvte, effect, complete, comply with and abidt by ead~ u+d every the stipubtioru, apreertienb.
conditwos and covena~ts in said promissory note ud this mortgag~ set forth. ~
9. Tlut in the rvent the orvnersfiip of the rtwrtga~ed p?emisp, w any parl thereof, becwnes vested in a person orher thao the NIORTGAGOR, th~
MORTGAGEE, its successors and au~gns, may, without notice to the MORTGAOR, deal with :ucF~ svaeuw or wccessor in interest with refereaxe to this
morigage and the debt hertby secured in the ssm~ rnanner as with Mortgagor withouf in ~ny way vitiating or disci?uginp ihe Mortqsgors' liabilify he?~-
under a vpon the debt hereby sear~ed. No sak of the•Pr~mises MrebY mat4aged and no.torb~eance on tM part oI tha 1NORiGAGEE w Ns successon
or auigru and ra extens+oo of the tune fa the psyment of the deb? hereby secured given by the N10RTGAGEf or in successon or assi9ru, ~II operat~
to release. discF~uyc, modify chanpe w affect the orig;nal liabiliry of the MORiG~i',OR herein, ~ither in whole a in put.
10. h is specificslly agreed that tin?e isfof the essence of this contract and th~t no waiver oi obtiyation here~nder or of tht oblipation ~r
cured hereby shall at any time thereahe? be held to be ~ wsirer of the terms f.ereof a of the instrurt~ent secwed herby.
11. In add~t;o.~ to tt~e faego:~g ma~thly payments of print:p~l apd inteeest reqvired by thr promissory note secured hereby, mortgagor covena~ts
and agrees to pay ro mortgagee with each monthly payment an addirion~i wm estimated by mortQagee to be equal to 1/12 of the aru?ual cost of the fdbw-
ing:
A-Atl real property:rues kv;ed a assessed agairnt the sbove described resl estafe. ,
8-P~emiums on Yire and windstorm insurance as herein requ:red to be carried on the improvements sit~ate o~ the above deWibed premises,
C-Premiums on such mort9sge 4wranty iiuwance as matg~gee siull from time to time deem fit to csrry on ihe ba~ secured hereby.
Mortg~gee shall irom time to tirr+e nufifY mwtgagw in writ~np of the amovnt due and psyabk he?rw~der and such wm shsll therevpon be due ~e~d
payaWe on the doe date of the next monthty payment and each wccesaive month thereafser until mortgsgee shall notify mortgagw of a ch~rge in wch
amount. Sucl? wms shafl be applied by mwtgagee toward the payment of rea) propetty taxes, imuranc~ prem:wns, and mwtgaye gvar~nty irowanoe
premiVms. •
IN WITNESS WHEREOF, the said MORTGAGOR has hereunro set Itis hand sod aeal the day ~yesr first ~foresaid. ~
s~~a, s~.ka .~a aei:~.~a ~ FtLED AND RE60RD~`~ .Jt,~,~ ~ `
G ST. LUCIE COUNTY. FLA.- ~
Rf~~~R(; `~ERI~IED n
lsss~s ~
~
STATE OF FLORIDA S~P ~7 I I• Y~
courm oF - St. Lucie ~
S5. i7~~"
a.t«. ms P«sone~iy ~ppeu.a I sv in Seott R f~ G~ K i-Q ~ T R 4 S .na
~ Mary C. Scott CLERK CiRCUtT COt1RT'
the irxi"nidwts desvibed in and who ~xetut~d rhe Fa ~N,~ ~ ~~fe, to me well knawn ~nd known to ms to b~
s~oirg adcnowledped beforo rn~ thit they euecuted ths sarns for th~ purpases
therein expressed. Ard the sa:d Masy C•.SCOtt
` wife of fhs saW IlV~L SCOtt i~ ~ sep~rne s~+d priva»
exsmiMtan by ms taken sspsrah and apsrt kom her said Mnband, ackrwwled~ed to and befon me that she execvted said instrurnent beety and votw~
rarily and witf~out any oempufs;oo. constraint, apprelwnsio~or fear of or from her said Iwsband,
WtTNESS my hand and official ~ea! *~__~r1 A~ d+r ~ s o. ~9 69
ud
. • . Notary in u~d for the ~t~ af florida ~t l,ary~
My ion expins: `r 7 ~
Retum Ta ' •
fint Faden! Savlrgs b losn Auoci~tion - .
Of Fort Pierca .t~. t~k pf F{p11~i it ~
Fort Pieae. Flo~ida • - . _ ~ ~yQ, 6
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' - _ . ` , • ~I?~Mr H~. i CrMy Si
.=.c~-7 .~ti.' _ ~ ~N~M
r„j , a - ' y•'a '
~ ~t%'-iwJ.
This Instrument Prepared By JOlia W. CO~I~s " ~'CS ~
. , ,
First Federal Savings b Loan Association ~r ,
' of Fort Piercei RlO~cida ~
- 'c'~,,•• .
Chedced By ''r. : ; - ~
. ~;:a.~•;....-. _ . 8~~~ Pd1i~
f ~T cf
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'~€.~c~&'~.~"....y~~.. ~'.~'-_'s.._..,5 ~ ~~~~y'~,'~~.