HomeMy WebLinkAbout1654 F •
3. To pi+a and conti~wous~y kNp on tM buildirgi now or h~+e+htr fit~aN on said Iand and on ~Ii equipment ~nd pKw~slly covered by thh mwtq-
~p~. with ~II ptmiums theroon p~id in fvll, firo insuwna ~ tfi~ ~swl standard policy forn+, in ~:um approvsd by tFa MORTGAGEE. and winditam
ina~ra+ce in tM uswl a+~dard polccy fam, in •~wn approwd by tM MORTGAGEE, in wch oompany w companies u tF~ MORTGAGEE n?~y
dinctt N+d alt fir~ and wind~torm inswar+a polki~s on ~ny of ~id build~np~„ ~ny tntk~st tF~ein w p+ri tF~erea(, in tM +pyre9a~e sum eforyaid or
in ~zttss therwf, sMll cw~ta3~ the vtwl sqndard mortyapw tlws~ ot wth otiw~ tlws~ as tM Nlwtyapa~ may reqvu~. maAinp fh~ Iw~ under sa~d po~i~
cies, each ~nd tvery. WYaW~ ro ssid MORTGAGEE ~t i9s inlerest en~y ~ppea?. ~nd ~ach and ~vay svch poiicy ahall b~ pranptly as~:ye~ed W+d d~liver~d to
any Mid by said MORTGAGEE ~s fwtF~ s~cu~ity to ~id mohp+p~ d~bt, a~d, not kss tl+~n te~ (10) daya in ~dwnc~ of tM acpkatan oi each poticy, to dr
tiva to ~aid NWRTGAGEE • reeew+l tMr~of, top~tMr with s raceipt fw tM pnmiwn of wch renewalj and tF?K~ ~all us ra fus w windsto~m ie?swanc~
plaad on ~ny of aid bui~di~gs, ~ny inter~st tM~~in a part tl+~roof, vnku io tM tum uid wi~h tM loss p+y+bl~ u ~foresaW: +~d 1n tM ewnt any swn
~f ~we~y becp~e~ p~Ysble w~dsr wch poNty ar pol;ci~s aid MORTGAGEE shall hsw the optan ro raceiw snd apply tM sam~ an +ooa+M of tM ind~bted~
n~ss iecwed Iw~~by or ro permit s~id iNORTGAGORS to reaiw and w~ it or ~ny ps~~ ~hereot fw oti,er purposes, wt~hwt fhereb~ waivinp or imp+tr-
inp ~ny puity. I'~en a riyht w+der a by virtw of this mortyspet and i~ tM ~vti~t Nid MORTGAGORS shall fot any t~ason fsil fo ketp the t~id prtmises w
insured. or is{I fo deliver prompHy sny of said polic'~es of irbwance to s~id MORTGAGEE, a fail promptly fo pay fvlly any premi~m therefor a in any
nspect fall b pKfaen, discMrye. ~x~cvts. ~ffed, compl~t~. comply with and +bid~ by this covenaM, a aoy part heroof, said MORTGAGEE may plaa antl
paY fp such k~w~anc~ o~ ~ny part Meraof without w~ivinp oa ~ff~ctinp any option, lien, aq~ity, w right unde~ or by viNw of tl~is Mortqap~. u+d the
full aawunt of each ~nd ~wry wch paymecd ~hall be immediatdy dw ~nd p~y+bb and shall beu interest hom the det~ thueof vntil paid at tM rat~ of
nine pe~ cantum p~ annum a~d topathtr witl? such in~e~est shall be tscured by fM lien of this mortyape.
1. To p~rmit, oommit or wffa no wub, knpsirment w deterioration of s~id 'rop~rty or ~ny part thereof.
5. ?o pay ~II and sL~gvlar tM costt, charpes +nd exP«+ses, includi^~ a re~wnsWv attaney's fes arK! oosts of abst~ads of title. i~cuned o~ pald ~t
any tims by wid MORTGAGEE, bscwse or in tl+~ wem of ~M failuro on ths part of ~he said MORTGAGOR to duly, pranptly and ivUy perfwm, d'aclwr~
execvte. ~ffes4 compl.t~, oornply with and ~bid~ by ~ich and every the stipub~ions, syreanents, ca~ditions, eexl coveru~n of aid promiuory ~w~ and ~h4
mor~ys~~ any or eithar. uid said cos~s, dwrpas ~nd ~xperaes, each and eve+y, alwll b~ irtimediatcly due +nd payable: whe~l+e~ a not ther~ b~ netiu d~
mand, ~ttempt to tolkct or wit p~ndingt and tM full arnount of e~d~ and every such payment ~Iwll besr interest f~om th~ dat~ tMreof u~til p~id at th~
rate of nine per cer+tum pe? annum; a~+d ali said ooin, chupes u+d ezpenses incwrtd w paFd, togethe? w~tA such inter~at, s}»I! b~ s~wred by tM lian of tha
morty+~e.
b. T}~at (a) in tM evao~ of any breach of this Morty+q~ or def~ult on th~ paN o( tM MORTGAGOR, a(b) in ths event ~e+y of aid sums of nwmy
herein referred to be not promptly ud fully paid within ~hirty C30) days next after ~he san+e severally betane due and payable. without demand or notice.
or (c} in ths event each and ~very IF» stipvlatiau, sgrsem~nts, conditions a~+d coven~nn of sa~d promissory note ~nd this mat~spe any a ~ither u~ no1
~uly, promptly and fully pertorm~d, disch+r9ed, execut~d, ~ffeded, compkted, con~lied with and sbided by, then in either w u+y wch ~wi+t tM s+id aQ~
flrepst~ wm mentaned in said promisso~y rate tMn ram+ininp unp~id, with inttrat acuued. and all ma~eys secured hcreby. shill becoms dw a~d pay~
sbk fwthwith, a thereafter, at tM option o! said MORTGAGEE, ~s f~lly ard compteirty as if all of tha said sums of money were o.ipin+lly atipvlated
to be pa~d on such daY. ~nything i~ said promissory nole w in tha Mwt9age to the ca+trary notwithstanding: snd tharevpon w thereahe~ at tM option of
said MORTGAGEE, without notice or demand, wit at Iwv or ie eqvtty, therefore or theresfter bs~un, maY be prosecvted as if all ma~eys s~cvred Mnby
had mat~xed pnor ro in institution.
7. That in the event tMt at the beginnirg of w ~t any time pending sny wit ~por+ this Mort~sge. w to forecloss it, or to roform N, a to enfora
p~yment of sryr claims herew+der. s+id MORTGAGEE sMll apply ro the Court having jwad~ction thereof iw tha appan•ment of ~ Receiver. wd? CouH slull
Fwthwith appoint s receiver of said mwtyayed property al) and s&gular, Lxludmg all and iugvlx ~ha inc»me, p~ofib, issues and revanws from wi~atevrr
source derived. each and evrry o( which, i~ beinp expreuly unde~stood. a hereby mortgayed u if tpecificaliy xt forth ~nd dewibed in ths 9r~tinp and
habe~dum dauses hereof, and such Receiver sMll h~ve +II the brosd and effective fvnct~a+s and powen io a~ryrwise entrusted by a Carr1 to ~ Reoeiver, ~nd
such appointme~t shall be made by wch Court as an adrnitted equity and a m~tta of abaolute rigA/ to s~id MOftTGAGEE. and withouf refers~ce to the
edeq~aqr or ir.adequacy of the valw of the property mwl9aged or to the solvancy w insolvencv of said MORTGAGOR or the defendaMS, se+d rhat such
rents, profits, income, issues and revenues sMll b~ ~pplied by such Receiver accordinq to the lian a puiry of said MORTGAGEE u~d the practice of wch
Court. •
8. To duly, promptty ~od fufy perform, discharge, execute, effect, compkte, tomply with uid ~bid~ by each u+d every tM stipulations, apreemenb,
conditwro and covenanrs in said promissary nofe snd fhis mwtgage set fwth.
9. That i~ the event the ownership of tha mwtgsyed premises, w any put thereof, bccame; vested io a person othe~ thsn the MORTGAGOR, t1»
MORTGAGEE, ib successors and auigns, m+y, without notice to the MORTGAOR, deal with :uch wccessor or successor in interest with reference to this
mortgage and the debt hereby secured in the sart~ m~nne~ as with Mwtgagor without in u~y way vitiatinp or discMr~irg the Mwtyagoa' li~bility Iw?
under w upon the debt hcreby secured. No ule of the premises hereby mort9aged and no fwbear~nce on the paA of the MORTGAGEE or iri waessors
w auig~u si+d no extension of tfie ti+ne for the paym~++t of the debt hereby'secured 9iven by th~ MORTGAGEf or in successors or assi~ns, ~hatl opaat~
to rekase, d~xharye, modiEy change a affect the «igin~l 1'~ability of tlie MORTGAGOR herein, either in whole or in put. ~
10. It is spec~fically agreed that time b of ths essence of this contract and tF~t no waiver of any obligation Mre~nder w of tM obltpstion se-
curcd hereby shall ~t any t~me tfiereaher be held to be a waiver of the terms hereof or of the instrvment secvred herby.
11. In add~tion to the forego:ng monthly paymenb of princ:pa! and imerest required by the promissory note secured hereby, mortgagw coven~nts
and agrees to pay to mortgsgee with each monthly payment an add~Yanal sum estirrwted by mwtyspee to be equal to 1/12 of the u?nwl cost of the folbw-
irg:
, A-AU rea! property taxes kvied w auessed against the above described real estste.
B-Premiums on fire and windstorm inwrance u herein requ~red to be carried on the improvements situate on the above desvibed premisd.
C-Premiums on such mortgage gwranty insurar+te as morlgagee shsll from t~me to time deem fit to tarry on the loan setured hereby.
Mo?tgsgee shatl from time ro time ratify mortgagor in writing of the amount due and payable hereu~der and wch wm shall thereupon be dw and
~ payable on the due date of the next monthly payment snd each successivs mw~th there~fter urtil mwtgagee shall notify mwtgagor ~f a cha~ge in wch (
' amount. S~rch s.+ms shall be spFlied by mortgagee toward the payment of rea! properfy faxes, inwrance prem:wns, end mortyage 9w~anry insw~na
f premiurt~s. '
IN WITNESS REOF. 1 id MORTGACrOR h~s hawnto set his hand and sea~ ihe day ud yeu fint sforesaid.
Sea nt~.ofi '
~.~~i CQ .s~u~ ($~+q
" ~--n
rc..n
STATE OF FLORIDA ~
S t. Lucie
counmr oF
~~„Q ~,~,~y Glen A. Snow, A Sfn91o~ Adult r„~
hir wiFe, to me well known and known b rn~ to b~
the ir~vidwl~ destribed in and who execvted tM forey~oinp irutrun+s+?t, and ukrwwledged b~fore me that ~ exetvted the sarns fa th~ p4rposes
tfrorein expressed. ~N~d1Fll1~1~ -
wifroFyFw~ ~ ~~'~~/~'M~~+"~~
aep~rw~r~a??i ~part~re~w-Fnrseir ~iwd~awr?~f~~a arW.b~fs~ ~ ~Iwt~al+r ~aswMei+~id.~l~ri~l~r~1d~.~rLrr
«dir«,~-,n:th«,?«y-o«nPrMi«~.«wHwi.t,. ~o~r~ -fwrsf~-~?•fiww~iw.~s~ii~.d. . . ~
WITNESS my h~nd ~+id officisl sesl thh aQ~J,p T~ day of ~CtOb@! E~t ~ J~~.'1g~
~ FILED ANQ RECOR~~D ' ~ ~ ''•.'~j
. S~. lU C ~ E U~ T • Notsry Pvblk in «,a ra +h. s+it~ F~`oT-d. t~,:
:
. ~~rr '•'~:-'~tf~t? Mr eo~~.~on _~:eX"
y_ ~ ~'.ti;~c : ,
Retum Ta • ' • ,'y = C ~ . . _
Fr..~ ~.i sa„~. a ig4532 1 a 3 ~ : ~ " _
. {
Of Fort Prcrce. . ~ . '
Forf Pierce. Flwida ~v. •~nT { . . ~ I ~ .;f ~r~~"~
~ I - , i~~7~~ r.n
?
t
`,1.•:_H t'0~~~ . . _ .
. ~ ~
This tnstrument Prepared By R3~1Hgsi8 xi3~?~~RT
First Federal Savings E~ Loan Assotiation
' of fort Piercei Florida
Chedced By ~
~o~~$o ~~ss5~.
~ ~
~ ~ _ - ,
~.~~.~~~-,:sk`~ _ _ ~
a.=~