HomeMy WebLinkAbout1551 . . , ~ 3 . y ' ' ' , - ~
1
To plaa ~nd continuowly tu~P on tM buildie~ now a Mr~+ft~r ~itwt~ on ~aW I~nd ~nd on ~0 puipn»nt ~nd pNwnally covK~d by thi~ maq~
ap~, with all pnmiu~ra tlw~ p+id in full, fi~~ inw.~nw in tM vw+l itandard policy form, in a swn ap~xwnd by tM MORTW?GEE. +~d wi~dttam
irow~na in tM wwl ~tu~d~rd polky fam. in a wn~ ~pprwbd by tM MORTGAGEE. in wch comW^Y or comWeia a IM MORTGJ?CrEE ~*+Y
d'wc~t ~nd ~II tln ~e~d wm~M~am inswana policas on aay of Nid bvild'u~ps, ~ny inle~~st tFwtin or paA th~rwf, in tM app.epat~ sum ~fonsaid a
in ~xc~a tlw.~of, ~MII conuin tM owal star?dard ma?~+~ dauw w wch aFwr c4us~ u tM MatyayN may nquw~. makinp tM loas ur~r ~aid pdF
cia. ~ach and ~w?y. WY~Ws b Nid MORTGAGEE a ib iMK~st may app~ar. ai+d ~ach and ewry tuch policy ~hall be {xomptly ass:yn~d a+d dtlivered ~o
any h~ld by wid MORTGAGEE a iwtF~ ~cwitY w s+id monpap~ debt, ~nd. not i~a thsn ien (101 d~ys In ~dvux~ of ths ~xpiration of ~ach po11h?. ro dr
liva b ssfd MORTG/1GEE • t~wal tl~~of, top~thN with a r~pipt fa tM pnmiutn of svth rM~ewal; and tl~~ sh+il b~ no fir~ w windstam inswant~
pliad on any of uW bvlidirps, aMr inrr~st tMrein or put tlwr~of, w+i~» in rM twm and with tM bss p+ysbk as afortsaidt and in tM ~vem ~ny ~wn
of momy b~oon»s 9aYabh ur~ wch po1M? o~ Pdici~+ uid MORTGA<3EE sh+H t~w tM op~an a receiw aod ~pply tM san+e on acaow?t of th~ ind~W~
nps s~ew~d I~eby a~ a pKmit satd MORTCsAGORS ro naiw and us~ it a any part thereof for other pwposes, w~~hou~ the.ebi waiviny a imp+ir
inp any puity, li~n a ripFu w+da or by vtrtu~ d tN~ mortya~et ~nd M~ tM ~vent ++id JNORTGAGORS sh~11 ~a ~ny nawn fail ro i~e~p tM wd p~mises w
imured, a bil b delivN pranptly a~y of s+id Pclicies of inswa+o~ to uid MORTG/1GEE, o~ fail pranptly w p~y fvllY ary p.emium the~etor o~ in any
mu
~~d fall w pKtorn~, d'aciwrpt. ~x~cut~, ~ffM. oompb?~. aomplY wi~h and ~bid~ by tFds oowe~ant, ot ~e+y parl Iwrwf, s+id MOkTGl1GEE nry plaa +~d
WY ia wd+ 4awano? or ~ny Wr~ '""sM1I b~ a Mdiae~ff~
ud ~abl~ a d~shiU v,~ i«i~ter~pt han 1M da~i~~tAerwf~umil pa~1d
~ r
Ntd
ful) an+ount of wch ~+d evKy wd+ paym~rN b WY
nin~ psr untum p~r aiwwm N+d topNher wilA auch intKesr a+all be s~cund by tM li~n of tF~is mott9apt.
To p~rn~it, oomn?it or suffK oo wast~, knP+i~?f or d~hrior~tion oi s~id propaty w~ny ps+f tMnof.
S. To pa~? all aid sinpular tM coats, charp« +nd txp~ews. i~cludag a n+sonabk a~tonNy's fee and owb of ~bstracts of titl~ incwr~d w paW ~
any time by said MORTGAGEE. b~caus~ a in tiw ~wot of tM faihxe on tl» part of tM s~id MORTGAGOR a dvly. PromPtip v~d f~rlh? Pafonn, d~u1?+~y~
e~cecuta ~fhef. oomplet~ ao~nplY with w+d ab~ br sach ~nd ~verY tlk stipulat~w?s a~reements. oonditioos, aid cownann of aaid promiuoiy not~ ~nd this
mwtpay~ +n1r w atMr~ ~nd s+id cos». chu~ and exp~ra~s. esch and wery. shrll b~ immsdiately dw and pay~bi~t whetiw~ a not N~~ b~ notiu d~
mu~d. attempt to tdkd ot wit p~nd~npj and tM futl anwwN of wch u+d eve?1? su~ PaYmee~ shatl bea~ int~rest fran tM d~N tFwsot ~xNY pdd d tM
raee of nk~e pe? ce~tum psr amwrr: and all said cosn. chK~ea ud ~xpanses incwrwi or p~1d, topefha w~th axh interat. ahall b~ s~a+nd by tM li~n of tho
maq+p~.
b. 71Mt W in th~ w~a~t of any brsach of this Nlortyap~ w defwlt on Nr psrt of the NIORTGAGOR. w(b) ln ti+e ~v~m ~r?y oI s~id swns of nwn~y
her~ln refe?r~d to be not promptN a~d fvlly p~! within th~rty (90) d~ys nsxt sfter the same sevaalty become dw +ed payaW~. wNhov~ dMnand or notia.
or W tn tM ewm sach ~?d ~wry ths stirwlations, a~~M, ca~ditiau and cweMnn ot s+~d proma:ory note a~d tlws morep+pe +rW o~ e~tAK ~n no1
~~y, w~^'~P~r •na fv~ly p.?fon+»a. aisd,.ro.d, .x.a+ad. .ff.ct~d eompl.?ed' co+ap+~.d with «,a .waed br, rMn in «th.. «.n~r wa~ ewM th. said +Q :
p~e9at~ sw~ me~+tiornd in sald promissorY raM tlx~ rNn~kurg w~Ptid. with int~rat acuued. a~d sll mo~eys secvad Mreby. shall batane dw ~nd WY
abl~ iorthwitFi, a theresfter, st the option of wid MORTGAGEE, as fully aed compl~tely as li ~II of tF+~ wid suna of nwney wa~ oripinally stipuutsd ~
ro be paid on wd~ day. +~Mhp+D in ssid promissary ncM or tn this Mortpaye to ths contrary ratwithstandirg: ~nd thereupoe a thertahM at tM opt~on of
isid MORTGAGEE. without notice o~ damand. wit at law ot in puity, therefon a tMresf~er bepun, rn~y be prwscuted ~s if ~II montys saax~d h~nby
h~d matur~d piq? to iri irolitution.
7. Th~t M tM svant tMt ~t the b~ginninp of or N anp t~ P~~~D +~Y s~+it vpon this Mortpaye, a w foredow it, o~ b nform H, w to ~nfap
WY~M d MY d+ims I+erwndar, s~id MORTGAGEE sh~ll ~pply 1o tM Cowt Mvug jvrisdictia? the~eof fa the appoinMwnt of ~ ReceivK. wch Co~t sh~il
forthwith ap~wint a.nceive~ of s~k! mortyap~d propKtY all and w+pulu. :nclud~np all ad sirgvlar tFw inco.ne. profits, ~?es ~nd r~vww»s fran whatwK
~uroe daived. ~aeh ~nd swry of whkh, i1 beinp ~xpnssly undarstood, a Mreby mort9aged a if spaclfically ~et fath and d~saibed a~ t!r y~antinp and
haba?dwn clavs~s her~of. and wd+ ReaivK sh~ll Mw all tM bro~d and ~ffective functiau and powers in ~nywise antrusted by a~o~n ro a Rsosiv~r. ard
wch appointment sM11 be n~ bp wch Caxt as ~n admitted aq~ity and a mrnN of absolut~ ripht w said MORTGAGEE. and witho~t r~ferenu to tM
:deqvxy w irwd~qu~cy of th~ vslv~ of tM propKty mortQ+Qad or to tFw solve~r a insolvency of s~id MORTGAGOR a the defsnd+nn. +nd th~t wd~
renn -profit~, incom~. 4~ws ~nd r~vMws shstl 6~ applwd by.wch Rsceive~ aorordi~g to ths (ie~ a~Wity o! said MORTGAGEE ~nd th~ practia_of wch
Caxf. ~
a. To dvlr. R~~w +^d ~~Y P~~^^• execute. ~ffact, complete, oomplY with ~nd ~bidt by esch and tv~ry the stlpulatloes, aD?e~ts.
conditl~ona aad crna~u~ri i~s+id ptom~staiY nQte and this mat9ags set fath.
9. That in th~ wero tM oMrtiersl+ip of tM mortg+yed premises, a+nY Part thereof. becomes ves»d in a person otMr M~n the MORTGAGOR, th~
MORTGAG~E, its wccessort u~d assigra. m~Y, witho~t notice to the MORTGAOR, deal with such s4ccassor a s~cceuor in inter~sl with n(erMCe to thd
mortyaye ~nd the d~W h~r~bp sacvr~d in tF~e s~ manner p with Mortgspor withoyl in sr?y way v'ttiatirg .or dischary'my ths Matyspors' li~bility hera
under or ~pon the debt her~bp sacwed. No s~k of tl+~ p~emiaes he?eby mo.tpaped +nd eo forbeuence on the put of tM MORTGAGEE a its wcaessors
or asupm_aod~-e~eesion_of_1he_tia~e fa~he_P+Yment-eLtt~~sbih~c~bY_3~ed ~iven_by the MORTGAGEf w its wcoesson or asi~a„ al~all opaat~
to rekase, discMrye. ~nod'fy cha+ge a affect the original liabiliry of the NIORTGAGOR-haein, eitf~ in wfwl~ or in put.
10: h is specificsllr agre~d tlut time !s of ~M es:ence of ~his conrrsct and ~hat oo waiwr of anr ob~~p~t~oe hereur~eier « of ths obli~ation ~
cvred h~r~bp sirll ~t any t&rr thveaft~r b~ I+eld to be a wairer of th~ terms Mnof or of the irotruraem secvred Mrby.
11. In add~tion to the forego:r?g monthfy paYments of princ:pal and interest required by the promissory rare secv?ed hereby, matgagor ooiren+nh
ar~d agrees to pay ro mortysgee with e~ch monthly payment an sdtl~tionsl sum estii~ated by mwtysyee to be eqwt b 1/12 of the amual cosi of tht fdlow-
.
A-All real properry tsxes ievisd a~ assessed against tF+e sbove described real esbte.
8-Premiums on fi~e and windstorm irawsna aa lxre~n ~eq~oed to be carried on th~ mq~rovemenri s+twte oe tM above ~xribed prenw~es.
C-Premiwm on wcl~ mat9+~e 9wtantp inwrarwe as mort~agee sh~ll han Y~rt~e to tir+Re deern fit to csrty on the bsn secvred kereby.
! Nlortgsgc~ shall from time to time nottfy. matgagor in w.:r~ny of the smou~s due ~nd payabte hs+eunder and wch wm shall there~pon bs dw and
payabb on the due date of the rxzt monthlY payment and ead~ svccessiw month tFxvrahe~ until mwtyapea sh+ll notify mortgagor of a chanps In wd~
amount. Such sums shall be ~pplied by matyagee towa?d the payment of real property tsxes. . iowranoe pran:ums, and mortyspe QuawMy oaw+nce
i prerr?wms' ~
~ IN WITN EREOF, s~id JNORTGAGOR has Fxreunto wt his hand sr?d seal th~ day- t or id. _ _
~d t nqnc~ oh
:
~ ~
~ . _ ~
~
~ _ -
.-s r••: ~
~ • _ :
. ``;`c~\,ie~ y ~~~~;aa;_;:~_.
STATE OF fIORIDA t~,~~ ~•~=.i'j~.~' ~
SS. • >.:s ~ • f .
COUNTY OF-w~ r ~Ci~r----- ' s-
~ J
'"`s~~~
B~fore em P~~sonaRY +PP~+?~ . ~i' ~ - ~ - -
J9aD 0• ~1~T Fos vrife, ro m~ well krwwo _ ~bir;~:
~ tFK individwb dacrib~d in and who ~x~cuted tM forepoirg LutnMmnt, snd acluwwbd~ed b~fon me th+t M~y e:sM~d t~j
therek? ~xprsssed. Md the " ' I' , s _
~ Pats~i,oac t1. 1C+~~ " ' ' ~
wife o# tM s+id • ~Po'~ ~
~ cxsmin~tion by en~ taken sepsnb and ap~rt from har wtd M+sbn+d. Kkrwwledp~d to and b~fon m~ that ah~ exeait~d s~W inatrunwd: _r E.
taril and witF~out any cornpu~sioe, oo~straint. ~pprs fear of w from h~r wid Iwsband.
~ y h ~
~ WITNESS my h~nd u~d offitial ssal f' d~y a~f
~ Not+rY ic in M+d fw the Stsb of Flaida at t+r~
~ Reture Ta. . Nh' Commwan ~xqns. . _ 9 ~
~ First f~dersl Ssvinps i Lou~ Aaociation
~ of Po.t P~erce. ~IIYY iR'iBUW tTA?'E QF FLOBlOA rJ Wii ;
~ MY COMMISS,ION BXPIRES NOY. tf~ 1~IZ t,
Fort Pierce. Florida wNOEO n~iouoM ?wso rr. O~ICSTtLNOI~s. ~
~ ~ILED AND RECOR~ED
~ ~T. LUClE CnU~~TY, F!_~.
~ ~ . . i.; ^ir[;•" tiJC~?~~!r~)
~ This Instrument Prepared By d. D. ~t~ 191082
Firat Federal Snvinga 3 loan Association
~ ~ of Fort Pierce ~ F18. . ~1Q V~p ts ~ 9. y
x ~'~i
~
Checked By . ~ _ -
~ U R ~ ~~iTH~~
d00~~S~ PACE1~Q `~y ~iF;c,~t~~~OURT
~ ~ -
~
~~~-~-~7.yw._L~~~.~_.... _ - - - . .