HomeMy WebLinkAbout0876 T~ pl~a Md oawi~wu~M k~ ~w N~ bdWii~ aow a irrMh~r ~i+va» on wId 4nd ~nd on di p~~ipn~e wd pawn~iN oownd b~? MN ~ar~•
~ w~ dl pwwM.~ Nwron p~id i~ hd~, fin inwnna N Ny wwl s~~ndrd Pa'~? law? M~ wn~ +opr~d br M~ MORiGAGEE. ~nd wtnd~tara~
iwrMa M M» wrwl NadaA Poiicl? tonR M s wa~ ~owd 011 Nw MORTOJ1tiEE~ b wcl~ aa~p~nf? a aon~pw~s M Nr MORTGAtiE! n~
ir~NJ Mid sM Nn ~nd wi~dMOe~ wyw~ia poliriN W1 Mh? Of ~ buildi~~+. ~rryl MMNNt IhM~in or ~rt thN~oi. in IIN p~rp~N Wiw ~fOr~Mid p
Is ~oaM MNe~ol. ~IwM . oa+taM N» u~ual st~nd~rd war~Yp~ c~ww a wd~ o~l~ dw+N ~s ~ Mortop» m~1? hqu~n. w~?i~+Y t1w Iw~ w~ s~id po~h
cfa. «e!~ and w«y. wr•bb oo ..+d IIwRTGAtiEE as ~a w.na ~n+r +PV~~?. aod .,d~ .nd .v~ry a+d~ vo~+q? ~h~N b. ora~h as:~wd .nd d~ive~d a
wr Mld al s~id MORTCs/?GEE a~ furllwr s~owiM to a~W w+o?q+p~ d~M. and no1 Ip~ Nw? Nn 110) dar In ~dvaea o1 th~ ~apk~tion o1 iad+ policll. io dr
Nwr 1s s+W. MORTGAGEE ~ ra»wal tMnof. ro~th~r wi~h ~ na~p~ fa ~M prrn~knw of wd~ r~wal~ «+d ~hall b~ oo fx~ a wi~~an~ i~awanc~
pbpd on ~ny d wId buildi~ip~,. aehl Ma~w N~~in or p+rt tM~rof. w?1~ tn th~ fone ~nd vr~~A tM loa payabM a ~fo.wid~ and in tM ~v~nt aey wu~
ef ~a~? b~oes»s p+lrabb w~ wd~ poRelr a policia said 1NORTGAGEE ahall hrv~ dM option w naiw and apptr tM s~re~e a+ aeow~t d th~ k~btd~
nw weund !w~ a w p~n~N wtd MORTGAGORS a naiw M+d u~ M or u~y Pa~ N?K.of fw ahe. pwvosea. wiihout thaeb~ wai~inp a rnpak-
Y~p +np p~riM. li~n a ~ipht u~da a b~r vktw of tAis maepq~i and in th~ ~wnt wid MORTGAGORS ~IMII ia any nawn fail ro k~ap tn~ sald pnmisN so
iiw~~d, a.faN q dsliwr promptM ~1? d ~+id Polidss of i~aw~+a a said MdtT(iAGfE. « fai~ ~rly w wr fi+~N +~+y PnmHx^ ~Mr~for a in anp
n~pw faN b pMforew di~efiap~ ~x~a+M. ~ff~et. eon~pl~b. aoenplY wUh and ~bid~ b~r ti~ aoweNnt. w~nt? P+~ hawf. saW MORtC,AGEE ~n+ti P~+p +^d
p~1r ia wd~ iiwiuno~ or ~n~? p~rt tt~eroF whhout waivinp a~ff~clinp ~nY optan. IM~. pu„Y. or ripM w~dN a by virtw of this Mo~t9a~. «id the
ivll a~ouia of weh «+d wKr weh paYmNM sMll b~ im+Ndi~»ly dw and {rrabl~ wd shdl bw ie?hrest frae th~ daN tMr~of w+Nl paid ~t tM wM d
~ne pw antwn pw anwm and topetha with wch intsrsat sMt4 b~ s~cw~d b'Y tM li~n of thia mon~p~. .
1. To p~rmil, aon~h a wffw no wash. inp~km~t a dN~riwation of said pro~ty a+nY P+~ thawf.
3. To phr aN and ti~pul~r ~ oost~. c1~r~a +nd o:P~n~. i~dudi~+p +?~+w~bM ~»o^'~Y's fK and oosts of ~batracta of titla. i~+cvn~d o~ p~W N.
any tire~ by s+id MORTGAGEE. b~e+~n~ w in tM wMt o# tM f~ilun a+ 1h~ pMt of tM said MORTGAGOR b duly. PranPtly a+d fvl~Y Pe~fa~n, d~sCh++~
~~niM. ~ff~et. aoenpl~tR. oomplY with and ~bid~ by ~ad~ ~nd ~vtry tM sti~wl~tions. +pn~me^n. canditioro. ~nd oown~nts of s~id promis+aY noM uid this
~no~~pap~ ~nY or ~ithar. ~nd s~id cosls. ch~r~s a~d ~xP~nwb ~+cb a+d ewrY. sMU be YnmsdiaMh? due u~d payablet whtther or nW the~~ be notlo~ dr
mand, at»mpt w adlw or wtt pa~irgt ~nd ths firll amo~ent of Mch ~nd aw~Y ~ P+Y~ ~+11 bsa. intenst frwn tAs d~~~ tlw~eof unti{ p~td ~t the
?~~e of n~ pe~ ca?tum pa arrwms a~d ~il aaid aosn. charp~+ and ~xpMS~s inaxnd o~ paid, wpethe~ with such inta~st. sn~u b. ,«w.d br rh. i~ of ~s
morty~p~.
b. Th~t W h tlw ~vw~t of any bnach af thb AAorq+p~ or d~fs~rlt on t!r p~rt of ths MORTGAGOR. or (b) in tM evant any of ~aid wea of montr
Iwein nfernd w b~ no1 promptlp and fvlty paid wHhin thirtr I30) days mxt aher the sar~x s~vaatly ba~ome due ~nd payable. without demand w notice.
w(~ in the ~wnt each and twry th~ stip~btions. +~r~sn~nts. ~rions and eowrnnts of said p~oniuso?Y note a~d th~s mortyap~ +nY a ~itl+K ~n no1
~Y. P?omWh ~nd f~ty pa(ormd, d'arlwpad. ~xsa?ad. ~ffected, oompl~tad. comPlied with ~nd ~bided by. tl~an in eithe? w sny wch ~wnt ~M ssid _+p-
pr~t~ wn m~ntior»d in said promis~ory ooN theo nmaininp wiP+id, with inta~st +cuvad. and ~tl ma~vys secvred herebY. sMll b~aorne dw and WY-
aW~ forthwitF~, w tlw~aNa~, st the option of said MORTGAGEE, u fvlyr and oanpl~tely ~s N all of the said wms of mooey were wiyin+ly sripu~ated
b be paid on svch dar. snythinp in said pramasory nwe a in this Morpa~e w the oa+uuy notwithux~dirg: and there~rpon w thereaftN at tM opt~a+ of
said MORTGAGfE, withovt notia or d~+d, wit at I~w a in pwty, tlwafon w Mersaha baywb may b~ prosecuted ss if aN moneys s~cwed l~eby
had matured pr+or w its irwiwtioo. ' - ~
7. TINt 1n th~ ew+~t that ~t th~ begin+inp of w ~t sny time pendinp +nY suit uPon this Mwty+O~, or to faecFase tt, w to nform h. or to aefwa
ew+
p~ymeM of an~r d~ims hereundar, said MORTGAGEE ah~ll apply to tht Cour1 hsvinp jur~sdiction thaeof fa th~ appoiotment of ~ Reoeiver, svch Cowt sMll
fwthwith sppoint s rooeiv~r of said mort~d proparb +11 and sinavlar, krcludug -sIl and sirq~rlsr the~ income. profib, issues and nwnues from wh~twer
swxp dsr;,red, esch ~nd e~,ery of which,. it beinp ~xpressly vriderstood, is hereby ~no.tga9ed ss if specifically set fwth and destribed in tlw qr~nrinp and
Frbendwn tlaw~s Mreof. ~nd wd~ Reaivs~ shsll h~w ~tl ih~ brod and sffactiw fvnct~an ~nd powKS in ~nywise e~+trusted by ~ Court to a Rsaeiwr, and
p,ch ~ppointment shall be m~de by wch Court u an admitted sqvity and a m~tar of absolwe ripht eo s~id MORTGAGEE, and 'witF~out nfaru~o~ a the .
~deqv~cy or iMdeqwty of ~ valw of tM prape~ty awrtp~ped o~ to the sohrencY or i~uolvencY of said MORTGAGOR or the defendams; and tMt wch
ne~n, profifs, incan~, awes and ~erenues thall be applied by wch Raosiva~ sooordinp to tM lisn w puity of said MORTGAGEF and tha pr~dia of wch (
Goutt. .
8. To duly. W~P~b +^d ~~Y P~~ ~nartt, effect, oomPkte, oon~lr with ud aWd~ by s~d~ sad wery the stipu4Yans. +pnemenn.
oon6tiona ~nd oovenann in ~sid promissory nwe and this mat'D+y~ set fwth.
9. Thit in the evem the ownershiP of the morq+pd P~empes. c? i~ryr p~rt tF~eof, beaoma vest~d tn a person othar N~+ tlr MORTGAGOR. th~
MORTGAGEE, its suc~cesso~t and assipru, m+y, witlw~A ratice to t!M MORTGAOR, deal with wch waessw or successw i~ u?terest with r~ferenoe to this
mo?t~e and the debt haeby aacur~d in Hw same ms.~ner as with Mortpsgw wNhovt in u?y way vbiati~p or diKMr~irg the Mortyagort' li~bility hen- ;
under a ~pa~ the debt hereby secvred. No s~k of the premises herebY ~9+D~ ~+d no fwbeuanoe on tM part of the MORTGAGEE o? its waessors
a assi9^s and no extensan of fl+e time fw th~ psyment of the deM hereby secixed 9ivee? bp the MORTGAGEf w its wco~uon or assiyns, shall operat~ !
w r~as~, d"achar~• modify cMege w ~ffect tM wiyin~l 1'wbility of the MORTGAGOR hsr~iA. ~ithu in whole a in put. -
10. h Is spe6fically apre~d that time h of tl+e essenoe of this co~tr~ct snd tMt no waiwr of any obl'getion herew~der w of tM ob(Ipatan se~
cured hueby ~11 at any time thereaher bs hatd ro be a waiwr of the terrru hereof w of the insuument sewred herby.
11. In add~tion to the forego:ng monthly payments of princ=psl and in~erest reqvired by the promiuory note secured hereby, mortgagor covenants ~
and ~grees ro pay to mortgsgei with exh monthlY psyrnent an sddir'anst wm at~rrNted by matgagee to be equsl to 1/12 of the annual cost of the follow-
in9o
A-All real propertY taxes kvied or sssessed agsinst the above described real estate.
b-Premivms on fire snd wi~dstorm insuranoe ss F.erein requ~red to be urried on the improvemerb situate o~ Yhe above desuibed prcmises. ?
C-Premiums on wch mort9age gwnntY uuwsr+ce u mortgagee shsll from Y~me to time deem fit to nrry on the losn aecvred hereby. s
A6ortgs~se shall frart time ta time rarify matgaspr in writinp of the smouM dus snd pay~ble her~unde? and wch wm shall iF~craupon be d~e and
parsble -on the due dste of the ne:t nwnthly payment and ead+ wcaessive month lhereafter ur~il matgagee shsll notify mortgagor of s charge in wch i
anww~t. Sucl~ surns shali be applied by morfyagee toward the payment of real property taxes, i~rrance prem:ums, and mortgspe ~uuanfy insurance ;
f Premiurrs- ' . - - ti
i IN WITNESS WHEREOF, the said MORTGAGOR h+i hereunto set his hand and seal the day fint afw .
t Sipnad, Swl~ :n deliwred in tht pra~no~ of: ~ ,
k ~
~
4
STATE OF FLORIDA ~
~ St. I.ucie
~„a„~y David ~damson, Jr , .~d
Dorothv 8. Adamson hi, w;fe, to me wet) krwrvn .nd krwwn to ~ne ro b.
th~ individwb describ~d in and wla ~x~wud ths forepoirg 6~strwmnt, and ackrawled~~d b~fon ms that shey e~ceMed tl~ sams for th~ pwposes
~e~..,~,.~d. ~?~a ~n. ,+id Dorothv E. ~damson
~ ~ DSVid Adaunson , Jr . , _ „pon • ,ep~wr. and priv.+.
exsminafirn by m~ aka~ sepKate and apsrt from her said 1Nnb+nd. +dnwMrfadped w and b~fon m~ th+t she executed said iratrurnent fr~ty and vdwf
hrily and witFwvl anY aomPvbion. corutrsiM, sp~preFwmion~r f~ar Of or frotn hK said Iwsband.
WITNESS mY Iwd and afficial seal day of .jtlll@ A. D. 19_~_ ,
ST. LUCIE COU~NTy~~~: j
R E C 0 RD V E R( FI E Q t~twary tc in and f« th,~~}'at~~ o# Horid~ at t~ry~
~~4888 - !q"`~ i 9 ~ /
Retum Ta. •"s~ ? . , 'z, 1 ,
~int F~de..) Savirgs 8 Loa~, ~~+~UN z ~:.~`7~,~ ti~ ~ f,~}~i ~K, sf31! Ot ~01~
Of f«t P~cru. ? ~
19 I : -8Z ;,~'v~i - ~w. 6, ~9n
. ro.+ oK.~. Fro.~ ~ Q~ ,1'~~" ~i~ ~ i~w b A.rW f~e t c~rir ~
~71~, ~ ...~:y=:~.. .j~. - . -
` v ~ :`.E, : `
ROGER OITRqg = `':~~:-tt' ~!~`:J,=':: f
u • , : t ~.v
s~ ,.,.,c~ ~
CI.ERK C t ° ~
This Instrument Prepared By ;~u~RS~'8~~~ p"~=..r-- .:;n
s. J ~
First Federal Savings d~ loan Association t: v:
~ of Fort Pierce, Florida ~='~,,O~O:;
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~ 0 ~A~,•~~~~
Chetked By r-~i:tttiit''~.
~ ~ ~0~~85 P~ 878 , - ~ ~
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