HomeMy WebLinkAbout0059 To plac~ •r,d con~~nuou+t~ k•.p on ~he b„~rd~np• now o. hereait~a sitwl~ on ~~~d I~nd a~d on all equipmenl ~nd perton~lly cove~ed by thit morl¢
p~, w~th ~11 pr~m~umi ~he~ton pa~d ~n (vl~, tiro insu~anc• ~n ti?~ uiwl f14nd~~d pOIKy lo~m, in s ~um approv~d Ey ~he MO~iGAGEE. ~nd w~nd~tam
~~~wa+c* ~M u~wl ~~andard po~~cy fam, in a?um ~pprove.~ by ~M MORTGAGEE, in ~uch company or compan~ss +s ~he MORTGAGEE may
dirKfj ~nd N) fir~ ~nd windsto~n? inw~anc~ polKi~s on ~ny of said b~ild~.~ps. ~ny inttreit the~ai~ or part thereol, in ~he ~ygreq+~a ~vm ala~~aid w
In ~ac~u thcr~ol, ~AaU comain ~M wwl s~~ndard matqspM clavs~ or fuch aha d~v?~ tM Ma~p~9a~ may r~qu~r~. m~kirq ~ha Ioss under ia~d poli-
ues, tath and ~vsry, payab(a b uid htORTGAGEE as it~ ints~t~t rr?ay ippsar, and eash a~d ~vNy ~uCh pOticy LF411 be promp~ly a~s qned snd detivered to
•ny Mld 6y ~eid MORIGAGEE fur~ha sscvrity 1o said mor~ya~ debt, and. nw I~sf ~ha~ len (10) d~ys in adwnc~ o( the expiration ol e~ch policy. to d~-
tivN to wid AAORiGAGEE a rtrwwal ?he~~of, toqelhtr with • receipl (w Iha prtmivm of svch re~wal; a++d lhsre shall bs ?a tire o~ w~~~dsto~m insuranca
pt~c~d pn ~ny ol s~id b~ildinaf, sny intsrefl thtrti~ a p~r1 IhereOf, unless in tM fam ~nd with 1F+~ losf payabl~ as afw~s~id; and in tM evenl sny sum
of nwney becoma payaW~ w~dN auch polity or pol~ciss ~sid MORTGAGEE ~Aall Mw th~ option ~o receive and ~ppty ~M senx on accovm of the indabird- ~
neu secwtd hN~by or w pKmit s~~d MORTGAGORS to ~ecaiw ~nd vs~ lt w any part fhereoi fw otix. pu~poses, v.nho~r ih~.. ui wa~~i,,a o. unpa~r- 2
i~p ~ny puity, lie~ w rghl under a by virtw of this mortp~pe; and in tM ~ven1 N~d MORTGAGORS ~hall iw any ~eaw~ (ail to kerp ths faid pr~miscs so j
insuied, w f~il W dtlive~ pomplly any of said policie~ of insursnc~ to uid MORTGAGEE, a fail p~ompJly to pay fulty sn~ pre~nium Iherefor w in any ~
resped fail b patam~, diulur9e, e:ecu?e, eftecl, complefs, comply wiih and abid~ by this covenant, w~ny part he.eoi, said M4RTGAGEE msy place ar,d ~
pay for such inivrance o~ u+y part tMraof without waiv~np w affeuinp a~y option, li~n, eq~ity, w r~gh1 unde~ a by virrw of rhi~ Mo,tgage, and ~he
lull amovnt of eah W+d ewry w<~ paymem ahall bt immediately due ~~d payable and shall bear interesl irom ~h~ data thereoi un~il paid st the rata ol
mne pl1~~.Mtt?m per annum and ~ogether~wiih-uech If1tNCf1 SMII be ucured by tM lien ot Ihi~ mo~rtg~ge, t
1. To pKmit, commit w suffer na wasls. impairment w detariaation oi iaid prope~ty a~~y pah thereof. ~
S. To pay atl and stnputu tM coab, tMr~N ~nd ~~pe~s~s, includinp ~ reasonabh ~ttanay's f~e and cosrs of abu.acti ol tifle, incur?ed w paid at ~
eny tims 6y wid MORIGAGFE, beciuse or in the ~venl of ~he failure on the pah of tIN ssid AAORTGAGpR to duly, p~omptly ~nd fully perform, d~schsrge,
exccuts, et(cct, complet~, comply w~th a~d ab~de by each ~nd every the itipulat~ons, ~greementa, cor+ditions, snd covenan?s of iaid promissory note and this
mwtpape any or eitha, snd s~id costs, cM.yes and e~epemei, eKh and eve?y, ihall be immediately due and payable; whether 'a not ehere be no+ice d~
mand, attempt ro collect or wit p~ndin9; ~nd 1M full srtw~M ot eath and wery svch paymcro shall bear imerest from ~he date thereof until pa~d at th~
rate of nins psr c~ntum par aniwm; and all said costs, charpet and expenses incurred w paid, tugether wilh ~uth inleisat, shall be secured by ths lien of th~~
{
mo?tp~pe. i
S
Q Thst (a) in the event of ~ny breach of this lNortgaQ~ a defaul~ on tM part of ~he MORTGAGOR, w(b) in the event any of sa~d sums of money f
herein refe~red fo be not promptly end tutly p~id within thlrty (30) days ne,et after the same sevently become due arK! payablte, without demand w notice, i
or (c) ie the eveM each and eve~y tM stipvlatiau, ~greem~nti, condition~ and covenants of aa:d promisso~y nme and fh~a mo~tga9e any o~ either are not ~
iuly. promptly and fully perfwm~d, d~schuyed. executed. e(fected, completed. complied with a~d abided Sy. then in e~thc~ w any such event the' said eg ~
gregats wm memioned in sa~d promcssory note ehen remainirp unpa~d, with iroereat accrued, a~+d atl mo~eyi secured hereby, shail becQme dve and pay- ;
able forthwith, a ~hereafte~, at the option of said MORTGAGEE, et fully and canpletely as if all of the wid sums of money were onginally it~puiated
ro be paid on svth day, a~ything in said prom~asory rate a in this ARort9a9e /o rhe conrrary notwithstanding; and thereupon or theresiter at the option of
sa;d MORTGAGEE, w~thout ~otice w demand, suit at law w in ~quity, tlx~efore or thereafter begun, may be prqsecuted as if all moneys secured hereby
had tnatwed prwt to ~b institWion.
7. That in fhe eveM that ~t tF?~ beginning of or ~t any time pending ~ny wit ~pon thii Mortgage, a to toreclose it, w to reioam if, a to enforce
payme~t of any clsims hereurd~r, seid MORTGAGEE shall apply to ~he Court having jurisd~ction Ihereof iw ~he ~ppointmenl of ~ Receive?, such Cour~ shali
For~hwith appo~nt a tKC~vH OI 3~id rt1pf19Ayld PCOQtfty all and singular, includ~ng all ~~d ~i~egutar the income, pro(~ts, issues and revenues from whatever
wurce derived, each and every of whKh, it being expreuly undentood,. is hrrcby matgaged a~ if speutically set (wth and deuribed in the gruuing and
habendum clavses hereof, and such Reteiver uFwtl have all Ihe Ixoad snd eifective funct~ons and powers in anywise entrusted by a Gou.f to a Receiver, and
:~ch appointment ihail be made by such Court aa sn admitted equ~ty and a matter o( absdute right to said MORTGAGEE, and wirhout reference to the
edequscy a indequxy o( the vsiue of the properry mortgaged or to the wwency a~nsot~ency of sa~d MORiGAGOR w tAe defendann, and that such ~
renrs, profits, income, issues and revenues sha{f be ~pplied by such Receive~ according to ths iien or equity of said MORiGAGEE and the practica of such
Court.
8. To duty, p~ompdy snd fuAy perfwm, dixharps, execute, eifect, complete, comply with and abide by each and everyr the stipulations, ~greements, f
conditiorss and coven+~ts in sa~d promiuory note and this mortgsge set io~th.
9. That in the eveM the owrurship of Ihe mwtgsyed premises, or any part lhereof, becornes vested in a perwn other lhan the MORTGAGOR, fhf
MORTGAt'aEE, its wccessws ei+d auiyns, may, without notics to the NIORTGAOR, deal with such succeuw a successa in interest wi~h refa~ence to this
mortgage ~nd the d^bt herebr secured in the ssme manner as with Mortgagor without in sny way vitiati~g or discharging the Nbrtgagprs' liibility here-
under a upon the deb~ hcreby setured. No sale of tiie premises hereby rta.tgaged ar~d no forbearance ort the part of Ihe MOR7GAGEE w its successor~
or assigns and no cx~ension of the time fa 1he paymeM of the debr hereby ucured given by the MORiGAGE' or ifs successors or ~ss'iyns, ahall operats '
ro releut, d~xhar~e, modify chsnpe o? affect tF~e aiginal liab+tity of the MORiGAGOR f?erein, either in whole or in part.
10. It is ipeci4ically agreed that time is of the e»cnce of this contr~cf and tMt no waivar of any obl~g~fion hereuruler o~ of fhe obligilion se-
cwed hsreby shall at any time thereafter be held to 6e • waivtr of the terms hereof a oi the instrument secured F~erby.
11. tn aod~~io~ to the forego:ng monthly payments of princ'pa) sru! interesl ~equired by the prom~swry note secured hereby, mortgagor covenants ~
a~d agrees ~o pay to mo:tgagee with each monthly payment an add~rional sum estimated by mortgagee to be equal to 1/t2 of the annual cost of the follow-
ing:
A-All real property taxrs kvied w asxssed against the above described real estate.
B-Prem~ums on fire and windstorm insurar.ce as herein requ~red to be carried on the improveme~ts tituate on fhe above described premises_
C-Premiums on such mortgage guaranty insurar~ce as mortgagee shsll from t~rrK to fime dcem iit _fo carry on the loan securtd hereby. ~
Ntortgagee sha{i lrom time fo time notify morrgagor in writing of t}~e amount due and payable hereurxier and suth sum shall thereupon be due snd
Fayable on ?he due date of the next monthfy payment and each successire ~+o~th therealter u~til matgagee shall notify mortgagor of a cha~ge in such
~~noum. Such sums shatl be applied by mortgagee toward the payment uf roal propeny Nxes, insurance prem;ums, a~x! mortgag@ gua~anty insurante
c~emivms.
IN TNESS WHEREOF, the said MORTGAGOR Mi hereunto set his hand and seal the day and year lint siwesaid.
. Sealed an ~ livered in the prese~te of: ~!~'1,~ ~ ~
~ /y~/• - L ~
~li t5c~q
ir ' es - Theodore I3ax uto ~~n
`~Ii ness L Barbuto
rL,q
STATE OF RGWW1 N~Cy YOZIG , ~ ~
~~Sa~
couNtr oF ~
e~ro.. ~ p.~ny ,~.,,~d Theodore BaYbuto ;
~.C21S Bc"iY~UtO his wite, to me wetl known and known ro me to bs s
rhe indiridwla de~cribsd in ~nd who executed ths foreparg ln~trument. ~nd ~tknowledged before me that they executed the wme fo? the purpose~ ~
~?+..,in .=o..,..d. n,nd e,. ••:a LBna Barbuto - "
w;i~ ~ ,y1e Theodore Barbuto
vpqi • Mpar~te ind PtiWf~
e,am+nauort by me uken separa~e and apart from her s~id Fwsb~~d, stknow(edged to •nd befwt mt that the executed said instrument freely ~nd volurr
rar,ly and w;?Mw~t any compulsion, constraint, apprehentan o~ f~ar of u from her said hutband-
~
WITNESS my hand ~nd official se~l thia dey of ber D. 19_ZQ..
2 ~ _ „~r
~~e~+EaoA~EO N
s.~~j('ilE ~iOVI~tY lA• ?Y Public in ~nd fw t~n ~j°~Q~,~I~~'~
Retu?n Ia ROCER POITpAS Y~~+miasion ~xpires:
N.,T nav ~ ` ~ . : ' O,
OIERR CIRCUIT COU1tt t,~. ~ ~ ' ' ' ! ~Z[i
Firtt Federd Savi~gs 3 Lwn /lsaociation ; : t ~ . , . ' (
of Fwt D,er RECOaO vEaielEO....-,..-- , ,ti~;rs~~~~ „o - , lA
ce.
Fwr Pie~ce. Florida ~ ~ • •a . , Q~~~~t , n ~ ,._L./ V LL
(~EC 2` 2 35 PM'7O . ~ . J, . T.~, ~xa,~, I ~ c,
~ , .s• . + ' w
~ s• . Q
~ •.-o.o~ 3-~p ~ ~
I ~ p t - , C ' , ~
`~:v~ '~T'~,• ' ~
This fnstrument Prepared By J. D. Chastain %',~•''~-~:t; y~•._•:•~~ 4 n~;
first Federal Snvin s d~ Loan Association ~ Q~"~ t~ i•. ; ~ a Q
9 y; ; s.a q ; ~ _ r~! . ~~I
of Fort Pierce s R1or ida s.. .~qif:,. . r~ ;jj ~
_ .-q .~04~.~,.~ g
. 4r. y~ .
~~p ;~.~•f •~~~M~~~•'~ ~i,•~•i I ~ f~ 1
j ~ 1
Checked Byt~_ ~ . ~ t~'t'~.:a~• =;,s-+. ~ 'Q ~
ST• .;s. i~U ~ a
~ ~;ti;~f::,;~_.~-',••.:.y~;~' J1olfwuni
,~c• .y
BOOD1g9 P~~ ~9 ~f rr • ~~~Y
~ . _ , f10~
. .
~+d(?1 ;
' ~a-*P
y,y f
~.:~S.M~'~~"~°,~~`~"~ .`a~~§~~"",Y .~e.u z~ ' .a
. . . ~~s"~"'"s„w.,x~.~^.Y...