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HomeMy WebLinkAbout1478 To pl~ci ~~d continuousiy kNp on th~ bvildinps now or F+K~+h~r ~ituat~ on s~id la~d and o~ ~II p~ipment and pNSOnally carered by thts morty~ ~p~. with ~II pnmiwns therson p+id in fuil, fin imvru+c~ io ~M ~wal *~andard potky fo~m, k+ a ium approwd by tM MORTGAGFE, ~rd wi~xbtwm irpwanc~ in th~ u~wl ieandard pol~cy form, in a wm ~pprowd by tFr MORTGAGEE, in wch co~paoy or compani~s as tM MORTGAGEE m~y fJi?Kf~ ~nd all ~ir~ and wi~rorrn+ imura~p polic»s on W+Y of stid build~nps, any intenst thKei~ w put ihereof, in tM ~pgrc~re sum ~faes+id w In ~xoas thereof, ~halt contain ths uswl sandard rtwrtyayk claut~ w wch o~ha dws~ u tM Mortpap~s m~y requk~. makirg th~ loss undN sa~d polE cies, esch and ~very. paYabl~ w•ad n~OrtTGAGEE ~s in intarat may app~a~. and each and ~very such policy shall b~ pranptly ~:s:pned and d~tivtred to a~y Mld by ~aid MORTGAGEE u funha security to aid muty~ debt, a~, ~ot Itss tha~ hn (10) deys 1~ advsnce of tM eapiratan of e+ch policy, ro dr IivN to s+id MORTGAGEE ~ r*nawal tMrwf, taptth~r with a ret~ipt fw tM pr~rruum of 'wch ~e~ewal; and ~her~ siiall be no fire o? windstorm Insw~nc~ plaad on ~ny of safd b~ildinps. ~ny interest thsrtin a p+rt thereof, unless in tfw fam ~d with th~ loss payable +r ~faesald: and in tlw evtnt any swn of n,w?~y becomes payabl~ veda wch policy a potici~s said MORTGAGEE shall haw ~M optan to r~ceive and app~y tM same on accoun~ of the indsbted- ~u secund hu~by w to permit said MORTGAGORS to reuiw ~nd ~s~ it a any part ~hereof fo+ o~hcr purposes, w~~hou~ ~ha.eb~ waivi~.y o. ~mpair- inp any p~ity, lia~ w ri~h1 ~ed~r « by virtu~ of tha mort9ap~i ifld ~1 ~M fVM~ wid MORTGAGORS shall fw any reawn fait to keep the taid premises so inwred, p fail b deliwr promptty ~~y of uid policles oi iewwu+c~ to s~id MORTGIIGEE, a fail promptly to pay fulty any premium therefw or in ~ny ~~sp~ct hil w pKform, d~scharye, execvts, effM, canpl~t~, oompy with and abide by this cov~nant, w any part hereof, said MORTGAGEE may ptsc~ ~nd paY fa wch inwrant~ or any pan thaeof witho~t w~hrinp or aff~cti~p ~ny option. Iien, p~ritY, or righr ~mder a by virtw of this Mwtyape. ~nd tM full amount of sach a~d evsry such paym~nt sMll b~ immediately dw and payabt~ a~d ihsll bea~ intaest hom ths date thereof w,til p~W ~t th~ rat~ oi nirw pN cent~m pa ~nnum a~d together with iuch intsrest shall be sec~red by the li~n of this mort9age. 1. To p~rmit, commit a wffer no wast~, imp+um~nt or deteria~tion of said property ot any p~rt thereof. S. To pay all sed sinpufar tM cab, d~arpes u~d exper?sss„ includinp • reaion+bte maney's fk snd costi of ~bstracts of tit~s, i~~rred w p+id +1 any time by s+id MORTGAGfE, b~twse w in th~ ~wnt of ths f~ilwe on tM pHt of ths said MORTGAGOR to duly, prompNy ~nd fu11y perfwm, dischuyR •xatut~. eifact, oomplete. comply w~th and abids by ~ach u+d every the itipulat~ons, ~greemeMS, conditans. ~nd mvenaots of sa~d p.omiuory not~ aru! this mortgape any w either, and said costs, thuyes and ezpe~es, each and every, shall be imrr~ediatefy due and payeble; whether a not there be notip dr ' m~nd, attempt to cotlect w wit pend~rgt +ed the full amount of each and avery wch p~ymeM sMll bear intereat from ~M d~te thsreof until p~k! d tM rate of nit~e per cenivm pN annum; and sll said tosti, char9es and expensea inturred w paid, togetl?er w~th iuth interpt, sMll b~ setured by the 1'ieo of thit morl~+q~• ~ 6. Th~t (a) in the event of any breach of this Mortgs~e or defavU on the part of the AAORTGAGOR, a(b) ie? the event any of sa~d s~rta of mo+~ty herein referred to bs not promptly u~d f~lly p~id within thirfy (30) days next after the same severally become due and payable, wi~hout dem~nd w notip, w W in the event each and every tne tfipulatans, sgreements, conditia~s ~nd covenanq of sa~d promiuory note and ~h~s mort9aye ae?y a either ~~e no1 ~uh, p~omprly and f~lly pafo~med, d~xhar9ed, executad, ~ffeaed, compkted, complied w~th and ab~ded by, then in ei:her w any s~ch ~v~~t ~M said ap~ yregats wm mentaned In said promissay nofe then ~emainiry unpaid, with interat acuued. and all moneys secured hereby, shall become dw ~nd pay~ able tathwith, or thereafter, at tM option of uid MORTGAGEE, as fvtly ud compk~ely as if all of the said wms of money were orpinatly stipulated to be paid on such day, anything in wid promissory note or in this Mortyage to the contrary notwitlutsndinp; ard t!+ereupon or thereafter at th~ optiu~ of said MORTGAGEE, without notice a demand, suif at law a i~ puity, therefore w thereahcr begv~, may be prosecuted u if all moneys secured hereby Fwd matutet! prqr ro ib irqlituti0e. 7. Tl+~t in the eva?t that at the b~ginni~g of w ~t sny tirn~ pe~dirg any wit upon this Mwtgage, w ro fweclos. N, or to reform it, p to enforc~ paymcs+t of ~ny cla'uns hereunder, s+id MORTGAGEE sMll ~pply to tl+e Covrt having jutisdictan thereof fd the sppointment of ~ Reteives, such Court shall forthwith ~ppoint a receiver of said mortgaged propery all and si~pulu, includ~ng all and singulu the inc«ne, prolits, iuues and rovenves irom whabver source derived. each and every of which, it beinp expressly understood, ia hereby mortgage.i u if speNficaly set tafh ~nd described in the prsntinp u~d habendum dauses hereof, snd such Reuiver shall h~ve all the txoad and effective funct~orn and powers io anywise entrvsted by a Coort to ~ Receiver. ~nd sxh sppointment shall be made by wch ~ ss an admitted eq~rity and a m+ne~ of absolute right to said MORTGAGEE, u~d witFaut reference to th~ adequscy a inKlrquacy o( the vslw d property mwtg+9ec! w to the sotvaxy a i~wlvency of sud MORiGAGOR or the defendants, and tha~ uxh rems, profits, income, isures and revenues shall be spplied by such Receiver accord~np to the lien w equity of said MORTGAGEE and the practiu of such Coutt. 8. To duly. promptly and fuly perform, discharge, e:ecute. effect, compkte, oomply with and sbide by each and ~very th~ stipulatio~s„ ~greeme~ts, conditans and coven+n~s in said promissory note snd tha mortyspe set fwth. 9. That in tke event the owner:hip of the mortyayed prempes, w art~r part thereof, becomes vested in a person other than the MORTGAGOR, th~ MORTGAGEE, ib successors snd assigro,-m~y, without notice to the MORTGAOR, deal with such suaessor w successw in interett with rcference to fhis mortgage and the debt hereby sacwed in the s~me manner u with Mo?tgagor without in any wsy vitiating a disthargi~g the Mwtgagon' liability her~- under w upon the debt hereby secwed. No wle of the premises hereby mortgaged and no forbearance on the psrt of ths MORTGAGEE w iri successon a ~uigns aod no exrension of the time fa the payment of the debt hereby secured given by ~he MORTGAGEf or its succeuors w usigns, shall opuat~ to release, discharge, modify chsnge or affect the wiginal liability .pf the MORTGAGOR hetei~, either in whole or in psrt. 10. It is specifically agreed that time is of the essenca of tF~is cw~trad and that no waiver of any obliyatan herevnde~ a of the obliy~Ya~ sa cured hereby sh~ll at any time thereafier be held to be a waiver of the terms hereof or of the instrwneM secvred herby. 11, In addition to the forego:ng monthly paymenh of princ:pal and interest required by the promissory ~ote secured hereby, mwfgsgor cowoanh and agrees to pay ro mortgagee with each mont6ly payment an add~tio~sl sum estimated by mwtgagee to be equal b 1/12 of the annual cost of the follow- ing: A-All real property taxes IeviFd a assessed against 1he above desaibed real estate. ' ~ B-Premiurtes on fire and windstorm insurance as i~erein requ~red to be u~i~ed on the improve+nents situate on the above described premises. ~ G-Premiums on wch matgage guaranty inwraoce u mortgagee shsll from time to time deem fit to.carry on tha ban :ecvred hereby. I j - Mortgsgee shal~ from time to time notify mortgsgor in writiog of the amount due and payabk hereundes snd such wm shall therevpon be due ~nd ~ payable on the dve date of the next monthly pay,ment and each wccessive month thereafte? ur.til mutgagee shall notify mortgagor of a chanye in wch I amount. Such sums shall be applied by mort9agee toward the piyment of real property tsaes, insurance prem:ums, +nd mortgage gusranfy insur~nce Prer^iums. • IN WITNESS EOF, tF~e ~d MORTGAGOR has here~nto set his hand snd seal the day and year fint aforesaid. Sea in es«w~bf: / ,I ~ j , ' „ ' . , ~ . ~ - • ` ~ . ` ~~:~_y ~y •'~~'`t . . ~ STATE OF FLORIDA - 4~. • ~ ' SS. .`.;'~~~i> p ~ . ~"G ? courm oF St. Lucie ~ ' : ='rz - HQnrv Warren Sdith ~ s..: ia~,: ~~'~c~ = Before me penonally appearcd ~~Y-~r- z;- Saith ~ ~ ' ' Slaie B. his M,ife, ro me .,rel~ krwM,q ~L ra~~ ths individwb dewibed ie and who executed tM fae~oirg gi8 @t B $IIith ~ b~fore me tF?at they executed the ~.,~'fl~~~ ~ therein ~xpressed. Md the sa' • Henry Warzen Sa th wife of tM said vpon a t}pa~.ocivat~ ` ~ examinat~o~ by me tslcen separate +nd apa?t from he~ said hinband, ~dcnowkdged b~nd befwe me that ~F~e execvtad wid irotr~rqi~lt ~sel~? and-vo~Jer prily and witF~o~t any compulsion, constraint, ~pprehansi ~ fex of ot from her said huibsnd. - - ~ WiTNESS my h+nd and official seal t' day oi ~ A. 0. 19 7O ~ ~ ~ . . Notary P in u+d for tM Staq of fbrida at larye My Commission e~es: ~ Retum Ta. ~ Fint F~d~wl Savirgs 3 loan Astociation ~ o( Fo.t P;e.ca NOTAl1Y r88UC. tTATE 0F fLORIDA ~T Wi~E ~ . . F°'t P'nu• F~°~'ds MY COMMISSfON EXPIRES KOV. 2~. 1 y~l ~pNOED ~HROYON TN[D o~ ~ ~ + f ILED~ AN~ RE~~~F ~ST. LUCIE COUNTY; FLA:` ~ This Instrument Prepared By Jaaes D. Chastain ~ RECORO VERIF~ED First Federal Savings b loan Association 193209 • of Fort Pierce ~ FloYida? * ' r `u ~O ~ TO MAY w~~ ~ Checked By . . • G ' 0 ~ r-~ ROG~.Z F•Uf?~AS ~ BOOK~~~ PACF14 i~ ~LERKiC~~R~~fT ~OURT~ ~ ~ ~ ~,rf ~ ~ _ - - ~ ~,~__...1 _ _