HomeMy WebLinkAbout2168 ~ ~ . ~ . ' ! f ~ . ,
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S. To pt~ce and conti~wou~ly kNp on tM b~?Udinps now a I+N~aftN ~itw» on said t~nd ~nd on ~N equipnwnt ~nd p~nona!!y covacd by t1Ja mwtp~
apw, wirh pnre~iwm thM~on pa~d in full, fin w?s~r~nc~ in tM v~wl ~ur+dud policy twm, in •~um ~pprov~d by tM MORIGAGEE, and wind~~o~m
t~aw~ in tFN uswl u~ndud pol~cy f«~n, i~ a sum ~pprov~d by ~M MORTGAGEE, in wch comp~ny w ca+~p.niti as ~i» MORiGAGEE n~sy
dthc~l wid all fIn and wiod~tonn inaw~na policip on ~ny o/ Hid bviidinp~„ ~ny ietN~~l tM.~in a part tMrw(, inhM ~pq.cyu~ wm atat~aid or
M~cea~ thH~oi, sAdl oon~~in ~M wual ~anda.d n?a~pap» cl~ua a wch ah.. cl.vs. •s ~M Maroap.. may spuu~. ~Minp U» lou unda aid po1E
ci~s. ~ach ~nd wMy. paY+b1~ b a~id MORTGAGEE ~s iM inta~at may app~a?. a~d ~ach ~nd fvNy such poticy ~hall b~ promptly ais:aned and d~liv~r~d to
~ay iwld by qld MORIGAGEE ~t twthsr Ncvrity to wW monya~ d~bt, ~~d, na ka than t~n (Ip) dsy~ in ~dvanc~ of tM ~xpi.~ria, of ~ach po~~cy, to da
IivK ro~id MORTGAGEE a r~wal thtnof, topetiwr with • naip~ for tlw p?~miwn of wd~ r~,ew~l~ ~nd tMr~ ~ha11 b~ no fKe a windi~am inwr~nc~
of mon~~ b~anq~ ~i~~ ~~~~t t1w~~en a pa?t thN~of, u~l~is Ih th~ form ~nd wi~h ~M Ios~ p+yabl~ as afor~uWr and in tM ~wn~ ~ny sum
Y p+ya4N undK wd~ policy a policiK wW MORTGAGEE ~hall haw th~ option p receiw and ~pply tha s~m~ on auount ot th~ i~d~bred
Mss isux~d h~t~by ot b pKmil NW MORTGAGORS fo ttpivr and uM it p~ny puf tMreof for othcr pu?po~es, wi~hovt thareb/ waivi~ig w lmpair•
i^O +^Y ~4~~b. a~~ti1 vade? a b~r virtw of thb mat9ap~j u~d i~ tlw fylfft Nid MORTGAGORS ~hall ia ~ny rsason fail to kaep the ~aid premises w
i~~rtd, q fdl b d~livN pomptly ~ny oi fail~ pOlitl~! of iraw~ ro said MORiGAGEE. a f•i1 p.ompHy ~o p~y f~lly ~ny premivm therafa w In ~nY
r~:psct f~il b~forn~. disc~w9t, txec~t~, eff~N, complN~, comply wNh u~d ~bid~ by this cov~+?ant, w ~ny pa~t henof, said MORTGAGEE may plap and
P+r (o~ sud? Mnwanc~ w any. pa?t tMreof withovl waiviop or ~ff~ctinp ~mr option, li~n, ep~ity. o~ ~ght undM a by vi.tw of lhis Mw~paqe. ~nd tFN
fuU amount ol ~ad~ ~nd ~vNy such p~yma?t ah~Il b~ imn~di~t~ty due and payabt~ a~d shall bear 1ntNe~~ f?om tM dah thereof un~il paid at th~ rat~ ol
n~ne p~+ c~ntum pK ~n?um ind toyether with such inte.est ihall b~ securod by tlM liK? of tha matppe.
4. To p~rmh. aommlt or ~uffK ~o waf~. hnp~irma?t or d~terior~tion of s~id p?op~rty or ~ny p~rt thereof.
S. To p~y ~II and sirgula? tM cost~, char~s and exp~+se~ includirg a na~bl~ ~ttan~y's fae and cos~s of ~bsnaas of titta, inC~rred pt paid a~
+ny time by said MpRTG/?GEE, b~cws~ or ie th~ ~vMt of tM (ailw~ on the put of th~ uJd MORTGAGQit ro duly, promptly and folly pe~fwm, diuMrg~
ezecua. ~ffect, complet~. comply with ~nd ~b~d~ by ~ad+ u~d every fhe stipulauons ay~aemeny, co~ditia». ~nd aovenanls of said promiisory not~ ~nd thi~
mortya~ ~ny or eitF?K. ~nd sa~d coyy, char~s and ~xpens~s. e+ch and ewry. ~hall be imm~diaroly due ~nd payabla: wherhsr or not fhe~e b~ no~ice d~
+nand. +t?empt to tolbtt a suit p~ndiopj ~nd tM fuN ~mount of tach and every svth payment shall b~ar intereat from ~M date tikreof until p~id ~f th~
rate of nin~ per centvm per aaxrm; a~d all aid oosts, chu~es ~nd expenxs ioaxrad a paid. 1opelher w~th wch imerKt,_ahall b~ s~tured by tM lieo of thu
"wr~9+p~.
b. 1~Mt (a) Fn !he ewnt of any breach of this Monpsp~ a dafa~l~ on the part of tl+~ 1NpRTGAGpR, or (b) in 1M event sny of sa~d wma of nwney
he?ein rofe~red to b~ ~wt promptly snd fulty paid within thirty (30) days ~ext afte~ the same severdty betome dw +nd p~ysbte, without demand or.inotice,
or (c) in ths event each and every th~ ~tipuiatioes ~greartwnts, condirions ~nd covenana of ~id pranissory note snd th~s mortpape a~y oi ~Qithe~ ire nof
ivly, pranptly and fvlty performed, dwchar~ed, ~zecutrd, tffect~d. compl~ted, compl~ed with u~d abided by. then in either or any auch went ths said p~
y~eg+N wm mentia»d in said promissory nota the~ rern~ininp unpaid. with i~taes~ ~cuuad, u~d all moneys secured hereby, shall become due ,,,d ar
able fathwith, a thereafter. ~t th~ option of said MORTCsAGEE, u fvlly and compl~~ely as if NI of the said sums of money weie wiginally sGpubted
to be pald on such day. any~hiny in said proni,sspy rwfe w in this Matpa~e to the tontrary notwithstand~np: and ~hereupon or thereafter at th~ option of
said MORTGAGEE, withwit noticM or dema~ svit at law or in pvity, thsrefon a thereaher b~g~r~, may be prosecuted u if dl mw~eys secured hereby
had marwed p~wr to its institufion.
7. TMt ie the avent tMt at tM b~yiminp of ar ~t aoy time penfiinp u~y wit upon tha Mortyap~, a to foreclos~ it, w ~o rofwm it, a to enfora
payme~f of any daims hercunde~. sa;d MpRiGAGEf shalt apply ro ~he Covn hoviny jur~sd~;on ~he.eot ta ~I» appan*meni of s Rece~ver. wch Courf shall
fwthwith appoint a receivc+ of said mort9aged pope?ty a!1 u?d sin~ular, includ~ng all ~nd singulu tM incans. profits, iss~res and reve~ues from wMtever
source derived. each and every of which, it beinp expreuty wderstood. is hereby mortgaged ~s if spec~tiuUy s~t fa~h and deacribed in the y~inting ux!
habandwn tlavses hereof, and web Receiver shall have dl tM broad u~d effective fvnct~wn sod powers in +nywise entrwted by • Gou~t fo a Receiver, ind
:uch sppoi~tment shall be rt~ by uxh taxt u~n admitted eq~iry a~d a matter of absolute right a said MORTGAGEE, ~nd without reference to the
edequxy a inadeqwcy of th~ wlue of tl+~ property mortqayed or to the solvency a insolvency o! said MORTGAGOR or the defendaen, ar+d :hat avch
renrs, profits, income, issues and revenues sha11 be applied by wch Receivc~ +ccwdin9 to tM lisn or p~rity of iaid NIORiGAGEE and the practice of such
CouA.
8. To duy. promptly x+d fvih perform, diychar~, execu% eifect, eo~npkro, comply with ared abide ead+ and
conditarn and coven~nts in said pramissory not~ and this mortysg~ set fwth. ~+Y 1hs stipubtioos, ~re~menb,
9. That in the event th~ ownenhip of the mort9aped prem;ses, a ~ny p~A thereof, becort~es vested in a person otha~ th~n the MORTGAGOR, th~
MORTGAGEE, ib svccesaors and assiyns, m~y, w;thout ~otice 1o ths MORTGAQR, deat with tuch successor w successor in interest with reference to this
mo.tgaQe ~nd the deW hereby secured 'a~ the same maMer as with Mwtgagor without in any way vitiatiny p d~scharying the Mort~agws• liabitity hera
urxler or ~pon the dcbt hereby secured. No sale of the prem;s~s hereby mort9aged and no fwbearsnce on the psrt of the MORTGAGEE w ib successors
o~ +ssgns end no extcmion of the ?ime for tha piymcnt of the debt he?eby secu?ed p~ven by the MORTGAGEf or in t~ccessors or auigns, shall operat~
to ~eksse, duchar~e. modify' cM~~ge or afiect the wiyinal tisb~ltty of the MORTGAGOR hereir~, either in whob o? in part.
10. It is specifically ag.eed tMt time is of the essence of thn contrsct and that no waiver oi any obligatiw~ herevnckr or of tht oblipation sr
cured hereby shaU at any time thercafter be held ro be a waiver oF the terms hereof a of the insfrument setured herby.
1 i. In addition to the faego:ng monthly payments of p?inc'pst snd interest reqvired by ihe promissory note secured hereby, mortgsgor covenants
and agrees to pay ro mortyayee with each monthly paymcnt an addirionsl sum estimated by mortgayee to be eqwl to 1/12 of the annwl cwt of the foliow-
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A-All real property taxes terried or assessed against the above described rest estate.
B-Premiums on fire and windstwm inwrance as herein requ;red fo be tarried on the improvemenb situate on the above desvibed premises.
C-Premiums on suth mort9age 9wranty i~rrance as mortgsgle shill from time to t'wne deem fit to tarry on the loan setured hereby.
Mortgagee shall from time to time notify mwtgagor in writing of the amouM due and payabk hereunder and wch wm shsU thereupon be due and
payable on the due cate oi tF~e next monthly payment and each waeuive month thereaher ~ntil mwtgsgee sha11 oatify mortgagor of a chaoge in such
amount. Such suita shall be applied by mwtyagee towsrd the p~ynie+~t of real property taxes, insurance prem:vms, and mortgs9e guaranty inwru~ce
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IN WITNESS WHEREOf, the said MORTGAGOR has her~~ i d. day ard finf ~ id.
Si e~lad ~nd delive?ed in ht p enc~ of: -
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T
~OCER /01 ItAi - ~n
4LLRl~ CIRGIIIT p0{~R7 ~
IIEC0110 YER~/IED~
STATE Of FLORIDA ~ ~ ~ ~G~OO ~
l 2 4s ?M •tf: •-Y~j~~~:~•..
courmr oF St. I,ucie . .~r..~.:,,~fi+,'.;--.
defon me p~rsonally appeued Il 8 ~~?~~?U~Itfttij~`;~.'_
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tf1Q IfldlvldU~dlKlibOd {fl alKi W~10 lXQCUtld t~lt fOfl~Olfl~ ~fltffWllQflf~ ~fld K*flOW~ bffOf~ 11M
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wrrnrESS mp +~.nd ,~a offk;.~ ..i~ - ~~`-.,;y~:,~~ j, r~ ~ 3;,~-
day uf C81nb@T . 19~
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. No1ary Pubtic in and foR:tM. ~ id~ M Lar~
Rerwn Ta. IH1Y - Commiu+on txpir~s: ~ 1~
. ~~r,i~c, saa ~ ~ u. t~n
Finr F~d.r.t Si.~irgs a toan A.wciaran ~~,~is:lo~ ~
Of Fort P~erce. _ h~M iw ~ tw~f
Fort Pieru, flaida
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This Inatrurrant Prepared By RiChard R. Itsy+es
Fir:t Fede~al Savings b Loan Association ~ ,
of Fort Pierce ~ F;tOTidB
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