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HomeMy WebLinkAbout2166 r~,, . ~ To plac~ and contie~wuNy kNp oe tl+~ buildinps now w Mr~a(r~. sirwt~ on Nid land Md o~ ~II equiprwnt ~nd perw~ally covaed by rhis ma~ p~, with ~11 pnmiw~a ~Mnon p~~d in full. f'a~ fniwsnce in ~M ui~al ~tandard policy fwm, in a swn approwd by tM N10RTGAGEE. and wi~?dstwm insw~ fn 1M wuN ua~rd policy tan?, M• swn ~pprowd by th~ M~ORTGJIGEE, (n such company w c«npa~i~ p rh~ MORTGAGEE n+ay diMC?t .~nd NI fin ad windtionn I~awwuiq polici~s on ~ny of ~aid bulWinp~, ~ny IntKyt ther~i~ w pa~t llnr~of, in ~M aypre9u~ swn afa~said o? in ~:cw ~Mnof. ~1 cont~tn tM wwl ~t~ndud ma~papN claus~ a such o~hN c1~uN a IM Matq~ may rp~w~. makinp ti» tws u~ ~said poli~ cia. ~ad~ and ~wry. p~Y~bl~ w said N10RTGAGEE a its lntKtat may ~pp~ar, and ~ach a+d ~vs?y s~th poliq sMll b~ p?omptly ~u.yned ~nd d~liv~~~d to ~ny !rW by ~aid MORIGAGEE as iwth~r ucwity to satd matpap~ d~bt. and, oo~ Irss than Nn (10) daya Hr ~dvanu ot tM ~np'u~Yao ot ~ach policy. ro dr IivM to Nid MORiGAGEE a ~aNwal tM?w1, wp~~M? with • ~~pipt for fht pr~mivm of Wch r~~?~w~IJ snd ~Mr~ ~hal1 b~ ra f'u~ w windstam IM~r~nt~ pl~d on arty oi wk! buildirpa, iny int~rat tM.~in a part thK~of, ~unleu io ~l+~ form Md with Ih~ loa p+yabl~ at aftx+iaid~ uid in tlw ~vMt .ny swn oi mo~xy b~con~a p~yabl~ wch poliey a polKi~s uid MORTGAGEE ~hall Mw tM opNon to r~c~iw and ~pply ~he sun~ o~ acco~n~ oi thr ind~bted- Ma ~cw~d iw~by o? a pKmit said AAORTGAGORS ro na~iw and va~ N a any part fhereof tw o~ho? purpose~, w~~hout IharEb/ wai~i~~g a~mpa'w- iny anY pvity. li~n a tpht w+dw w by virtw of thit mortpp~~ and in tM ~wnt ~id MORTGAGORS sMll (w any r~awn iail to kwp the said pr~mises so inwred, or (~Il q d~livK prwnplly ~ny of said potici~s of inswa~a to a~id NWRTGAGfE, or fail prompely ro pay fvtty any p.emivm tlxrefw or in anY r~~p~ct !ai! b pafo?n~, discMrp*. ~x~cur~. ~ff~d, compl~t~, comply with and ~bid~ by this coven~~t. a sny par~ he~wf. ssid MORTGAGEE may plac~ ~nd p+Y fa wd~ lrourana w a~+y put thKwf witlw~t w~ivirg or aff~etinp aey op~ion, li~e~, eq~ity. o~ ripht v~ or by virtw of this Mo.t~ay~. snd th~ full amourN oi ~ad~ and rvery uxh paym~nt ~hal! be imnrdist+ly dw and p~y~bl~ ~nd shalt bear ietNe~t from th~ dat~ thereof w?~il paid ~1 tM rat~ ot nin~ pK pr~twn p~r anrwm ~nd tosether with wch interest sh~lt b~ ucured by th~ IiM of thls nwrt9p~. 1. To pKmit, cw~nit or wffu ~o waat~. Mnpaian~nt a dta.ior~~ion oi saW property a~ny p..t the.wf. S. To pay ~II ~nd sinpula ths cosn, ch~r9a a+d ~xp~nk~, includirg a re~son~bl~ ~nwn~y's fe~ u~d costs of abstracts of ritle. innrr:ed'or p~;d at a~y tin~ by .wW MORIGAGEf, b~caus~ a in r!r ~w,u of ~M failur~ oe ~h• pa.i of d,. ~aid MORTG~GOR ro dvly, prompily and fully perfo~m, dixhary~, ~xecvte, ~ff~. canplet~, comply with and abid~ by each and wery the stipulatia?a, ~eaments, condifio~s, and covsnants o~ said promiuory nore ~+d ~hw mw~~ap~ aMr w~i~F~. a+~d s+id cosn. cMr~s and ~xpa+s~s, e~ch and ~wry, sh+ll be Mnmediatsly dw and payabl~; whethe~ a eot tha~ be nor~u d~ mand, ~tlempl to cdt~cl or wit p~~d~r~ and tM Evll anauM of ~acF~ a~d tvery wch p~ym~nt sMll •beu interest from tF?a date thereof untit paid at the rare of nine per aynt~xn par an,wm; end all said eoits, chupes and expa+ses incwred or psid, fopether wiM such inrsrHt, ahalt b~ s~cwsd by the lien o1 th;s morpay~. 6. '11u~ in tl» lv~m of any bre+ch of Nw Mortysy~ a defavlt on th~ put of ~M NWRTGAGOR, w(by ~in ths avent ~ny of sa~d sums of mo~xY hevei~ nfa«ed 1o b~ not promptly aed f~lly paid within thi~ry (30) days next ~fte~ ~he same severatly become dw and payabtf, without dHnand or ootice, or (c~ &i the eva+f tach ~nd ~wry t!~ sfipvlatioro, ag?eemtnp„ tonditiorts Md cownsots of sa~d promisswy note ~~d th~s mort9aye any or ci~l?e? ar~ no1 iuly. promptly and fully pKform~d, d~scha~ged, ex~cut~d, ~ffected. tompl~ted. complied with ~e~d abided ,y, then i~ e+ther a any s~ch event tM said ap~ flreyat~ wm men~ioned I~ said promissory n~ts rhen nm+ininp unpaid. with internt acuued, u+d all mor?eys ~ecvrad F~arebY, shall become du~ .~d ar able forthwith, or theresfter, ~t 1h~ option of said MORTGAGEE, u futly ~nd compktely as if ~II of the said wms of mor?ey were wq;n~lly at;pvl~ted to be paid on wd+ day. a~ylhiny in said promiuory noro a in this Mortg~e to th~ ca+twry notwithstanding: u+d there~pon a therea(ter u rM option of s~id AAORTGAGEE. wirhout noY~ce a d~mand,.wit ~t law or in puity, thereforo p tt?ereaher beyvn, m+y be prosecvted ss if atl nwneys sacured hsreby . had matu?ed priOr a in iMtitutioe. 7. TMt in the ~vent tl»t N tM beyimi~p of w at ~y tim~ pe~dirg u?y wit upon this Mo~tyag~, or fo foreclos~ N, or fo reform tt, or to e~fwc~ paymtnt of ~ny daims htreuoder, wid MORTGAGEE shall apply to the Court Mviny jwisdiction thereof for the sppointment of a Receiver. avch Gourt shsll fwthwirh appoim ~ ncei~rer of said mwtp~yed proparty all snd sirg~lu, includ~++y ~II u+d ungvlu th~ incom~, profin. iuues ~nt! revenues from whstever source dKived. each ~nd evcry of wh~ch, it beinp ~xpressly und~~stood, is herebir mwtgaged si if spec~fically set tath aad desuibed ir~ the granrinp and habsrwlwn clavses hsreof, snd wch Receiver sAall haw all tM broad ~nd efiective func~~orq and powers in ~nywise entrusted by a Court to a Receiv~r, ~nd such appointmsM ~.4all be mad~ by wch Cowt as an adm;tted equity artd s m+tter of ~bsolute riyht ro s~id MORiGAGfE, ~nd without rehrence to fhs adeqnacy o~ inadeqvacy of the wlw of the property mon~aged or to the sohency a insolvency of s~id ~ MORiGAGOR a the defendann. and that such r~' profits, income, asuss ~nd rewnurs shill b~ applied by sucl~ Receiver ~aordinp to tM lien or ~quity oi said MORTGAGEE and the pr~nice of such B. To duly. Pra^P?!Y and fvlh tNSfoRn, disch~rge, execute, effect, eon+Plets, comply vinth and abid~ each snd cw+d'itions and cwenann in said p~omissory nots snd this mort9age set fwth. ~ ~?Y ths stipulafions, agreert~eets, . 9. That in tM eve~?t th~ ownership of tlr nwrtg~ped promisea, a any part the~eof, beoomes vested in a penon other than the MORTGAGOR, the ~ MORiGAGEE, iri succeswn ~nd ~ugru, m~y, withovr notice ro fhe MORTGAOR, deal with suci~ succeuw or successor in interest with reference to this "'a~9+pe +^d ihe deb~ h~+eby secwed in tht same msmer u with Morr9s~w withovt in u~r way vit7atirg or d~xhuy~r+g the Mortyagort' Iiabiliry herr under or ~pon the debt hereby secured. N~ s~1e of tM premises hereby mort9aged ~nd no fabear~nce on the part of the JNORiGAGfE or its successon a au;gns and no exteruion of the time fo~ the payment of ths debt hereby sccured _ 4iven by the MORTGAGEf a its svccesson or ~ss;yrq, sha~~ opKaq ro ~ekase. discharye, modify charge or affact fhe orig;r,al Iiab~Gty of the MORTGAGOR herein, ~i~he. ;n wFwl~ o? k, p~rt. " 10. It is specificslly ag~eed that rime k of the essenc~s of this contrsct and thal no waivar of sny obligation herevrnler or of the obliyation se- cured hereby s!?s!! at any time the?eafter be held to be ~ w~irer of tF~e terms hereof w of the imtrva~ent secured herby. . 11. In additan ro the forego:ng monthly paymeMS of princ'pa1 snd inte?est required by the promis~ory nore secured Fiereby, mortgsgor covenants and agrees to pay ro mortgagee with exh monthly payment an addtanal swn estimsted by mortgsgee to be equal to 1/12 of the annual cosf of the fol(ow- i~: A-All aeal prope~y taxes leyied a sssessed against tFK above desvibed real estate. B-Premiums on fire and windstorm ins~.:rante ss he?ein reqv~red fo be carried on the improveme.'+ts situate on the above dexribed prern'~ses. C-Premiwns on such mort9sge 9vusnty inswarae sa morlg~gee shsll from ume to• time deem fit to carry on the bsn secured I~eby. Mwtgsgee shall from time to tirr~ notify mortgapor in writing of the amount due sod payabk Atrevnder and suth sum shalt the?eupon be dve u~d payable on fhe due date of the next monthtY paymem and exh successive mw~th theresher ~roil mortgsgee sl»II ~otify mortgagor of a change io uxh amount. Such sums shall be applied by mortyagee toward ihe payment of real prope?ty tsxes, inswancs prem:w~. and mort~sye 9uars 'nwrwpce F premw~ts. . ~ - IN WI7NE55 WHEREOF, the said µpRTGAGOR has hereunto set his hand ~ jyl tbt day ' t afor id. Swbd and ivered h the pesant~ of: ~ . ~ ~ ~ - r ~p ~w~~t~~i?~~~. ~ t L!?CIE C p , R00ER POIf11A~ 4LERK CIR~UIT C4tIRT STATE OF FLORIDA RE p.YERI~lEO 2Oi.~?99 CouNTY OF St. Id1C~e ~ ~S ~ ~O " ' • Robe J A ~~.~;~y.+nii,; . befor~ rna U +~P~ • ;.a- 4y: ' ~ and QBA@VgYAa 1AS his wif~, fQ'`~• =~~~~~n~.~• ~tob~ ths individwb describfd in and who ~x~vrd Mw fo~eyoirg ktstrurtw~t, and atkrwwledyed befon m~ that ' • rhertin sxpres~d. Md the sa liBIl@V8 A~8R9 r~~'r7 _ ~=~POSOf • . - wife oi 11~t said • : _ ~ , 1+~,;. . ~ a~a ~.a e:smin~Yan n?~ taken separste and apHt from her said h~qband, ~dcnowrl~dp~d tp a~d b~fp~ r~ that slw' ~ urii~ and w~thovt ~n~r cwnpulsion, corurraint, he+nion, or f~u of a from har said Iw~b~nd. ~ - ~ : < ;y . . WRNESS my hend and offiaal isal tti~ th d,,~ _ cember °~.,r.' 19~~ ! . . .i ~ • ~~~.;1. 1'.~:- NoNry PuWit in and iot ~(y~ . Retwn Tw rMY C~~iuion expir~ . ~y ~I~. ~ ~•~11~~,~ ~ Finf f~der~l Savirgs i loan Aslociation Of Fort Pierce. y Fw ~ Gw~Mt G. Fott Pieru. Fbrida This I~strument Prepared ~y RiChard IC. IC~y~e9 ' First Federal Savings b toan A~sociation of Fwt Pierce s ~lorida Chedced By ~ t . . s°o~c~~ n~~~ ~ . . ~ ~ .2y:.. ~ _ . ~ ~ - - : a;.~.: ~F y.~ ~ ? ~ '~p ~ -