HomeMy WebLinkAbout0870 J. To pl~c~ ~nd conn~vo~~h ?~ep on tFK !w~ d~ng~ now o~ I+~r~~ItN w~w~~ on ?~~d Iand ~nd on a!: eq~~p~en~ •~+d peno.~alty cove~~d bY li~is narlp~
p~, w~~h ~11 pe~n~~~+~f ~he~eon ~.ad M lull, Y~e ~~,t~~~nce .n ~hs ~~wt ~~.~e.~d No;~c~ lo~m, M• ~~m ~N~++~.cd 1,~ ~l~e M:~R~:,:.GEE. a~:d w~fulf~a~n
inswa+c~ ie tlw utiwl ~~~~xlard {o~ ty for.n, a sum ~N~uu~ed by tM MORTGAGEE. ~n wch cw*~pan~ w co~,~:~n~c~ a~M MORIGAGEE
daect; ~nd all ii~• a~.d w.~isro~m ~~,wra~c~ vos.aes on ~ny d s~~d b„~M,np~, ~ny ime~~~~ threN~ oi pr~ ~fic~euf. m ~he a~q~cqNe wn ~fa~faid w
in •aps~ the~eoi. sMil CO~IaM ~he ~wal s~a~xiard ma+9p~ c~w~a or ~uch o~~a dwN ~t ~M MwtQaye~ m~y reyu.~o. ~++?~,q ~t~e wa~ unde~ sa~d pdi~
ci~s. e~c1~ ~nd evavV. parab~e w~a~d MJRiGAGEE as ~H ~n~e~e?1 m~y ~pp~ar. ~nd each ~nd wcry fuc6 po'•~cy shali t~ ~,romp~ly g•~rd ~~+d d~i~vt~ed ~o
~wld bY s~,d MORIGAGkE ~s ~~~~ho• secur~ty ro u+d n+a~~p~ deb~, and, ew~ ~eu ~han ~en (101 dars i^ ad+onco ol thQ e¦p~~~~~o~ o~. e~ch pol~cy, to dr
IivN to s~d MORIGAGEE • re~~ewal ti~cieol, toye~her w~th • rec~~p~ fOr the p~eauvm of such rene+ral; a~xl U~e~e f?,a~l tx ~w fae o~ w~~n1~~o~~n i~furant~
pl~e~d On an~ o) sa~d b~ild~~gs, iny ~nte~e~~ thc~~~~ a pait thereol. unfesf in tht io)m ~nd +~~th itw {oaf par~bk a~ •fwes~~d; and io tlK weM any sum
of mw~ey beca~+es paY~ble under sucF~ polrcy w pol~ues ad MORIGAGFE sMll Mw ~Ae op~~on ~o ~acc~ve +~.d apN~y the s~„~e on acco~n~ ol ~he i~~bted-
nRft feCUr~d hlrpby M 10 perm~l ~a~d MURfGAGORS lo ?Keivf 1nd uf~ it Ot •ny pw~l Il~rrcol Iw o;n.~r ~,ur;-~sct, .:.n~~~..1 th :d ~r ""A°'•-
ing ~ny pu~ty. G~n a nyhl unde+ a by wrtue ol Ihis ~++0::~+9e; ~nd in tht •vent wd MORTGAGORS shatl fw any rea?on iail to keep ~he sait~ p?lm~fe~ f0
insured. a fait fo deGve~ p~anplly sny ol said polKie~ ol inswarK~ ro sald MORTGAGEE. o~ ia~f p.omptly to pay f~ily a~y prenuu•n the.efor o~ in anY
r~~pect t~il ro pNtam, d~xharge, eiecute, ~ffect, complete. tomp~y with and abid~ by 1h7s covenanl, b~ ~ny parl h.~~eoi, •s~d MORIGAGEE m+y pl~t~ a~~o
paY fp suth inwrnnce or ~ny part ~hereof w~thoul w~ivinp w•I(ecti~g any optron. Iie~, equ~~y. or r~gh~ u.~der w by wrrw ol thi~ Mortqa9e. and the
full a~nouM of s~ch and e.e~y ~uch payment sMll be ~nxnediately dw ~~d p~yabte and ihall bear intr~es~ lrom ~he dets thereof unril p~d a1 Ih~ rat~ ol
mne per esowm per ennum and to~eiher w~eh such ~~ireres~ shali be aecured by 1M liee of th~s :natgaye.
1. To p~?mi1, commit w sufier no waste. impairment o~ dete~ior~tion of ~aid properry w u+y put theroof.
S. To pay all and s~ngu~ar the costs, charges and expenses. ~~clud~ng • ~easonable ~ttwney's lee and costs of abf+ratts o( title, incun~d or psid at
eny time by ss~d MORTGAGfE, becavx a in the evem oi the iailure on ~he parl of the sa~d MORiGAGOR ~o du~y, promN~ly and fu:ly pe~form, d~icharqe.
execute, effect, complcte, comply w~th and ab:de by each and every the stipulst~ons. ~greements, cond~nons. and covenants of sa~d p~wn~ssory note and ~hi~
mwtgsge any or ei~hcr, and sa~d costa, charges u+d expenses, each and every, shall be immed~ately due and paYabir; wherher a not there be nonce d~
mand, altempt to co1led or suit prncl~ng: and the full amount of each ~nd everY suth paymen~ shatl bea. inferrs~ from the date Ihe.eof untit paid a1 the
rate o~ nine per tentum ~~~r am~u~~; a~u~ ail sa~d costs, cM~ges and expenses inturred a pa~d, logether w~~h such u~te~est, ~hall be sccured by the I~en of this
mort~aya .
6. That (a) in the event of a~y breach of this Mortgaga or defautt on ti~e part of the MORTGAGOR, a;b) ~n rhe event s~y oi sa:d tums o~ money
herein re(erred to be ~ot pro~nptly and tully paid w~~hin ~h~rry (30) days neat airer ~he same se+era'Iy beconir due and payaLle, w~~hout demand a no~ice,
or (d in ~he evem each and evrry ~he sl~pulations, sgieemems, condit~o..s and covenants of sa.d prom~swry oote a~~d th~s mor~gage any w e~ther are no1
~uty. Rrompt~y and fuUy performed. d.uharged, c,eecuted, elfected, compkted, complied wi~h and ab~drd_by. then in e~the~ or any such event the ta~d a¢
gregate sum menewned i~ sa+d p~omissory note then rem~ining unpa~d, with interesl accrued, and all inoneys secvred hereby, shail become dw and pay- .
able fonhwith, w thereaf~er, at the option of sa~d MORIGAGEE, as fully and complete~y as i( all of tlie sa~d sums oi money were orginally it~pulated
to be ~:d on such day. any~h~ng in ia.d prom~ssory note w in this Mortgage to the contrary notw~~hstand~~y: a~d ~h~:reupon or thereaftr at the optibn of
said MORTGAGEE, wirhout nonce o~ de~nand, suit at law w in equity, therefore or thereafter begun, may be p~oxcuted as if all moneyt secured hereby
had maturcd pr~ot to ~ts inslitut~on.
7. Thaf in the event that at the beginnirg of or at a~y time pending any suit upon this Mwtgsge, w to foreclose it, or to reform it, or to enforce
payment ot any cla~ma ~e~e~nder, said MORTGAGEE shall apply to the Court having jur~sdic.~on tAereof lor the appomtment of a Rece~ver, such Court shall
forthwith appoint a rece~~er of said mortgaged prooerty all and singular, includ~ny all and singul~r the income, prol~ts, iuues and reve~ves fran wbatever
wurce derived, each and every of wh~ch, ~t be~ng expresaly unders~ood, is herrby mortgaged as if speuficatly se~ for~h and deu~ibed in the 9ranting and
hebendum clavses herrof, and such Receiver shall have all the b+oad a~d effective funct~o~s and powers in anyw~se entrusted by a Cou~t to a Receiver, and
such appointmem sha11 bo made by such Court as an admitted equity and a ma~te~ 01 absolu~e right to u~d MORTGAGEE, and wuhou? ?efinence ro the
adequacy or inadequacy o1 the value of fhe p~operty morrgaged w to ~he sotve~cy or insolvency ol sa~d MORiGAGOR a the delendants, and ~hat such
renra, proi~rs, inco.ne, issves and revenues shall be applied by such Receiver accord~ng to the lien w equity of said MORTGAGEE and ~he practice of such
Gourt.
8. To duly, p~omptly snd fully per(orm, discharge, execute, effect, complete, comply w~th and abide by each and every Ihe stipulations, agreemmfi,
conditions and covenants in sa~d prom~swry ~ote and th~s mortgage set fath_
9. That in ~he event the ownership of Ihe mortgayed premiscs, w any part thereof, becanes vested in a person other thsn the MORTGAGOR, tF+e
MOATGAGEE, its successo.s and a~s~9ns, may, without notice to the MORTGAOR, deal wifh such successw w successor in interest ~vith reference to this
mortgage and the deol hcreby secu~ed in the same manner as with Mortgagor w~thout in any way vitiatirg or d~xhargi~g the Mortgagori Iiability here
under p upon the debt hereby secured. No sale of the premises hereby mortgaged and no forbearance on the part of the MORTGAGEE a its successors
or assigns and no ex~rns~on of rhe time fw the paymeM of the debt hereby secured given by Ihe MORTGAGEf o~ its successw~ a au~gns, sMll operate
to releax, d~xharge, mod~fy change or aifecr the orig,nal liab~l~ty of the MORiGAGOR here~n, either in whole or in part_
10. It is spectf~cally agreed that Hme is of the esse~ce of this contract and that ~o waiver of any ob~~ga~~on hereunder w of the obliyaYan se-
cured hcreby shall at any tinie ~hcreaher be held to be s walver o( the terms hereof p o} the instrument secu~ed herby_
' 11. In add.r.en to the forego ng mo~thly ~aym_nts of princ pal and-imerest required by the prom:swry no!e securcd hereby, mo:tgagor covenants
end agrees to pay to mortgagee vvith each mo~thly payraent an add~~ional sum eshrnated by mortgagee to be equai to 1, 12 of ~he annual cost of the follow-
ing: . . .
A-Ali. ~cal p~ope.ty taxes levied or assessed agaiost the above described reai estate.
B--?ren.~;, ,n on fwe a~d windstorn~ insurar.ce as here~~ requ:red ro be canied en the ~mprovements s~tuate on the above described premises.
C-Prem~ums on s~ch mortgege guaranty i~surar.ce as mortgagee shaN from nme to time deem fit to wrry on the ban sec~red hereby.
' Mptgagee s!~j'i 'rem tin~e to t~~ne notHy mo:tgagor i~ w~iting of the amount d~e and payable hereundar and such surn shaR thereupa~ 6e due and
, ~ayable o~ the due dare of ~hr next n,onth:y payn+ent and each svccassive month thereafter ur.til mortgagee shall nonfy mortgagor of a cha~ge in such
' amount. Such w:ns sh; ~ be ap~~!ied by mortgagze toward the payme~t of real property taxes, insurante prem.ums, a~id mortgage guaranty insurante
I p~emiums.
IN WITNEa` :.'HER:_7F rhe sald MORTGAGOR has he~eu~q is and year fint aioresa~d.
Sgned. $e and ered 'n the presence ofe r,`~~ A~ ~
r- ST. LUCIE COUNTY. FLA.
RF_CORD VERIFIED .
1~`7~~~ ' cs~.n
(1 t c n L L r~ • (k,q
'?0 AUG II AN 9: II
STATE OF fLORIDA ~ ~
couNrr oF ST._ LUCIE ~ ROGEa `~iTRAS
Before me personally appeared J~ ~~~"~~'T, ~^d
~tLle 1.0~115e Blakelv h;s wife, to me well known and known to me to be
tha individvali described i~ and who executed the foregany instrument, and ackrwwledged befwe me 1Mt they executed the same fw the purposes
thcrein eap~essed. And f~ :~~d_. Hat t ie Lou i se B laice 1y
+vHe of tf~e said .Illn[Rle iRe BIa~CQ1Y upon • separate ~nd priv~t~
eRam~nat~on by me taf.e~ separa+e and apart (rom her said husband, acknowledged to and before me that she executed said instrument treely ~nd volurr
rar~ly and w~thout sny compu~s`on, constraint, apprehenssp. or fea~ of or from her said husband.
WITNESS my hsnd a~d offic~al ual this_ 7 r~~ day of A. D. 19 7O
~ Cuc c~'t~rn~..~
Notary Pv in and tor the 5 te of fbrid~ •t tarpe
My Comm sion expires: d~ /~-7/
Retum To:
firs~ federal Savir,gs 6 loan Asiociat.on ~;t~r; ~~;~{K zteV Ot s' ,
Of Fo,t P e~ce ~ ~~i , r .
fort ~~erce Ftcr~d~ ~,i'; . • Mr Co:.:,;~s,;~..u f~~=~ ~_3. u. ~9~)
' ,
J,, ' • , bn.w~ A A.~n«. a c,,,,,.~, ~y
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This Instrument Prepared By John ti?'. Collirl~=' ~ f~ , _
, ~ G-~ ~~F.' r - •
~ First Federal Savings ~ loan Association , ~s ~ ~ ; c~ : ~
of Fort Pierce ~ R loz idd Y=
':O Q•
up i j~
Checked BY ,~,~'O ~N~~ai _ .
800K ~~U P14Cf' ~
1.¢
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