HomeMy WebLinkAbout0359 .1. TO PIK~ •nd co~tinvo~siy ?e~p on t?w Iw~:J.rpt ~ww a Iv~~dtN ?~twf~ on ~~~d t~nd a..d w, all cq:,~w,~o~ •~,d ~K~w~.a11Y co~e~ed by ~n~~ mw~~.
eq~. w~th ~11 ~wsn~~v,nt ~l.eicp~ ~u.d ~n lull, firo u~sve~nce ~n ~M ~w~l sN~ds~d ~:~cy t~m. ~n •~wn aµ~uveai br U~r At~iq~~..1GFt. a~~d w.nVt~am
,n~wa+c~ in elw us.r~l •ea~~dad pul.cy lam, in •?um ~pp~u.vd by Nv AWRiGAGIE. in ~uah canNany o~ can~.nn:~f Uw A10RIC,AGEf may :
d~~~ctj ~ed ~Ii li~• ~~d w~ndaro~m enw~~~+c~ ~w1~c.~~ on ol ~eK! build,~+{~t, any inte~asl ~hr~e~n w~~arl thr~c.-~1. m the o9V,~•qa~e w~n alaet~~d w j
in •aces~ ~M.wl. ~A~II con~~~n ~he uw+l fanda~d mw~y.~w clau~e or sucA oeh~e c'avw a~ rM Ma~4.+yeo nuy iequ,r~. m.lu~p u~r tos~ w~Jer ~.+al po14 ~
c~ei. ~xh ~nd we~y, payabN W u~d MORiGAGEE ~s dt m1~re~1 m~y ~~Wear, ~ncl exh and •very svcb pu'~cy ~hell l~ pew+~pny {~~,ed a~~d dri~vmed ~o
•ny held by w~d MORIGAGEE af IurthN fecv.ity ~o ?aid newt9~y~ debt, ~~~d. nol las~ tF~a~ ~rn (101 days 4~ dclvJ~K! of ~he e.p~~ae~or~ of each policy. ?o dr
~~Y+~ b t~~d MORIGAGEE • r~aew~) Ihl~eOf, toy~~Mr v?ith a recerpl fa ~he pr~mwm of svch ~onewa~, a~~d ~hrre shau lx ~a f,re or w~•~JNwm 1~,s~ranc~ ~
p!Ked on aoy o) u~d build~~qs. any inter~~t Ihavem ot p~~l ~hereoi, unlasa i~ ~he fom~ and w~~h ~M lou p~y~ble as stcvosa~d: s~ul in dN evenl u~y tum
ol nwn~y becpn~ p~yabl~ under wch potiq or pofK~es uid MORTGAGEF ~1w11 h~re ~hs op:,on ~o ~ecv~ve ~nJ apNiy t„r sa~~~e on .+c.uu,~t ol tha i~nlobi.~d•
neu secur~d F~tby or a pe~m~t ~~d MURiGAGORS ~o reee~v ~~.d uk i~ a any par~ UK..of o~u. <<:~rj.c~,•s. ..,~~~~,;e ~f~ o. „~,p.~~~- ~
infl ~ny pu~ty, lie~ p rph~ unde? w 6y virtw ol thif mo:t~aqe; ~nd in IM went w~d MORi(NIGOQS tihatf tw any resso~ (e~l fo kccp ~he sa~d piern~~~•~ so ~
;naurrd, p}ai! b deliva prompUy any o! aaid pol~c~es of lnsurante 1o wd MORiGAGEE, o~ ?.ui pro:npNy lo pay luily any pro,~u„m ihr~rlcH o~ a~.y ~
resF~ect bii b pNlam, disch~~ye, execu~a, ellecl, comp~efe, comply with ~nd ~b~ by 1h1~ toveneM, p any pa~~ hereo(, sa~d MvR1GAG~E may piKe +~+d
p~y (or sutA insu~~nc~ or ~ny part 1he~eaf w~rhput waivinQ or a1(Minp ~ny op?ion, lien, equ~~y, 'w ~~gM under w by vi~~w oi this Mo~tgaqe. ~nd the '
l~II a~nount of ~ah ~nd ~v~ry iuch p~y.n~nt ~h~l! l:e im~nedut~ly dw and p~yabls and shell bear im.rc~1 from ~he dete tlx~col u~u~t pmd ~t th~ ~at~ ol
nmc p~v ccn~um pav annum and to~e~her v~i~h suth ~nte~cae sF+~fl be secured by tM GM ol tA~s matpage.
1. To prr~nit. cpmmit ot tuf/~r no wait~. imp~imtient or deterio~~tiw~ o! said properly p~ny parl thrreof.
S. io pay a11 a~d ti~gulu rM cosy, tharQes ~nd txpenus, includu~p • rra~onable attanty's (ee and costt of abstractt o( titte, inc~r.rJ o~ paid st
e~y time b~ sa~d MOR1GAGfE, !»cause or in ~he ~v~ro of the 1sUurc on tFw pa.~ o! tM •~id MORIGAGOR to du~y, pro~nyily an~ fu11y pvrFan~, d~scha~qe.
e~.ecute, e11rc~, canptett, comply w~th ~nd ~b:de by each •nd every the stipu?~nons, agroements, cond~hons, ~nd covenanrs of sa~d promusory nuie and ~hi~
n+ortyafle any or e,thcv, and sa;d cosli, charyes and expens•~~, each and wve?y, ahall be immediately due snd payablr; wh~•iher w nat there be ~o~~ce da
n,and, atrempt to collecl pr suit p~nd~~.yj ~nd lh~ fult ~nwu~t of Nch ~nd .wery suth payiixnt sha11 bea~ inre~eal from the dale lhereof until p~id ~t rh~
r.~re o~ nirta per ce~tum ~rr anovm; snd ~ll said cosy, ch~r;~es a:x~ r~pe~~sea ~ncu~red er pa~d, Io9rd~er w~th such mierr~l, shaH tx secwed by ~he I,en of thii
mort~ap~.
d. Thaf (a) in thc event of ~ny breach oi thi~ :Nwrysy~ or defaulr on the part oi the MORTGAGOR, w(b) in the event e~y ot sa'd sums o~ money
hereio rrferred to bc not p.anpNy and Fully paid within thaty (3Q) days next sftcr the seme feve~elly becpne due and p~yeble, w~thoui demand or hotice,
o+ G+ ~he evem each and every ~l,~ i~~puta~~w?i, agreemea~i. conditions and coven~nti of sa~d p.omissory no+e a~~d ~h~s owrtgage e~y w either arrnot
iuly, promptly ~nd (ully perFwmed, d~uMr9ed, executed, effccted, completed, compGer) with and •b~ded by, then in c~~her a any avch evenf ~he ~~td eg
greyat~ wm meotqned in sa~d praniuory nore then remaining unpa~d. witA interesl acuued. and a11 inoneys secured hereby, shail becwne d~e a~d pay
able forthwilh, p Ihere~fter, et ~he option ol said MORIGAGEE, ai ful~y and completc~y •s if all o( Il.r sa~d sums ol money were a~g~n~11y st~putatad
to be pa~d on suth day, any~hinp in u:d promiasoty note w in Ihis Mottgage to the contra~y notwithstandi~tg; and thercu{wn or tFkreafte~ al the o{vion of
sa~d MORTGAGEE, withoul not~ce or demand, suil at Iew w io puity, the~e(ore or Ihereaher begun, moy be proaecutrd as if all money ?ecured hereby
nad marured pr~p ~o As institutan. -
T. That in fhe avent that •e the begenning of p~t any time pendinp any'svit uFon thii Mafgage, or ta (oreclou it, or to relorm it, or to enforce
payment of sny claims he~eunde~, seid MORTGAGEE shall apply to the Cour1 havf.+g ju~isd~c~io~ ther~wt }w the appo~ntment oi a Receiver, such Court shall f
fwthwith appo;nt a receivt? of uid mortgaged propeHy dt and ~ingvla~, inctud~ng atf and si~gular the incorne, prol~ts, iavm and revenues lrom whareyer ~
source de.~vcd, each and every of whKh, it beiny expressty unders~ood, i~ he~eby moregaged ss if spec~hcally set for~h and descr~bed in the granwig and
Mbendum clavse~ hereof, and such Receivei shall have all the boad and effective funchons and powers in anyw~se entrusted by s Cou.t to a Reterve~, and
sucA appoinertsest thali bc made by auch Courf ~s ~n idmitted equity and a rndt~r of absolute right to said MORiGAGEE, snd w~thoul retere~ce lo fhe
edequecy or i~adeq~aty ot tha valve o( 1he property moriyaged a lo the soivency or insolverxy ot asid MORiGAGOR a the defendams, and ~h~t such
rents, profiri, incane, issves and revenues sMti be ~pplied by svch Receiver eccordu~y ro the lien w equiq of said MORIGAGFE and the prauice of sucb
Court.
S. To dufy, promptly and ivlly perfwm, d~uharqe, ezecu~e, et(ect, comptete, cwnply with and abide by each and every thp stipuiations, agree~ne~t~,
cu~ditions and covenan~a in sa~d promisso+y ewte and th;s mwtgage set fwth_
9. ihat'fn the event thc ownership of tht mortgayed premises, w any pa~f ther~pf, becpme~ vesfcd in a person other than the MORiGAGOR, the
MORTGAGEE, its svcceuon and ess~yns, may, wi~Fw~ut no~ice to the MORTGAOR, deal w~~h such successo~ w successor in interesi with re~erence to this i
mo~~gage and the debt hereby secured in the same manner as wi~h Alortgago~ w;thout in any way vit~ating o~ d~scharging the klortgagors' tiabitity herr
undet w upoW~the deb~ hereby secured. (Vo sale oi the Fremises l~ereby mo~tgaged and no ~orbcarance on the part of the MORIGAGEE w its successors ~
o+ ~~s~gns and no ex~ension of the time fa tix payment o! the debt hereby secured given by the MORiGAGE'_ or its successors or asiigns, af~all operate ~
to release, d~xhsrge, mod~fy char.ge or aFfecr the o~iqina! Iiab~l;ty of the MORiGAGOR herein, either in whole or in part.
10. !t es :pec~fccaliy agreed thaf time is o1 the csxnce of this contrac~ a~d that "no waive~ of any obl~ga~~on hereunder o? of ~he obligation se-
cvr~d he•eby shal~ at any time thereafte? be hetd to be a waiver of the terms hereof w of the inslrument secured herby,
11. In aod ~:e~ ro the fwego:ng monthly payments of p~inc'pal and interest required by the promlisery no!e secured hereby, mortgagar covenants
end agrees to pay ro m.ortgagee with eacA monthly payrnent an add~rsona! sum est%n:sred by mortgagee to 6e equal to 1,' 12 of ~he annual cost of the follow-
~ng:
A-Atl real proper~y ta:es levied w ~asessed agai~st the above deuribed real estate.
B-Frtm~~ziS.o~ fire and windstorm insurar.~e as hereio rcqu:red to be tarried on the improvements situate on ihe above descrfbcd premiaes_
~-Prtmivms on•s~th mortgage guaranfy insurir,~e as mo~tgagee shaU from t~me to ti~ne deem fit to carry on the loan scwred hereby.
Mortgagee sha'' from rime to Gme notify mortgagor in writ~ng of the amount due and payable hereundcr and such surn shafl thereupon be due and
Fayabte on the due dare of the next monthly paymem and eath successive month thereafMr ur,til mwtgagee shall notify rrwrtgagor of a change in such
L"`OLr1f. ~{/~II sums shr:i be applied by mwigagee roward ~he payment of ~eal property laxes, i~surance prem;ums, and mortgage guaranry iniurarxe
p•emiums.
IN Y1ITNESS WM:REOf, rne sa~d MORTGAGpR has hereunto xt his hand and seai the day and yea~ first aforesaid.
Signe Sea~ed a d de iveted in the presence of: ,
Sesl) 1
ST~I!lCIE COtlNTr FELA~. t~`
_ Cl RKCC RCUIT COU ~ ~
~ RECOAD YERlFtED
SiATE OF FIORIDA ~
O~c 19 12 so PM'1 - ~
couvrY aF St. Lucie
' 2~2569
Before me perso~altr appeared _ ffi8~@ W~ rsOdY~*f
arid
`~128IIit8 K. C~1~*~ ~ his w;fr, to me well krwwn and kaown to me to be
rhe ind~v3dvats desu~bed in and who executed the foregan9 instrum~nt, and eckraw~edcjed before me that they e:ecuted the same fw the purposes
rherein expressed. And fhe sa'~~- - JuaY?ita H~ ~
+vtfe of the said ffi~~ a~Il
upon a separate and private
e*am~natior+ by me taken separote and apart from her said hvsband, ackrwM,iedyed to and before me i}wt she exetuted said instrument freely and voiun-
rar~iy and wrthovt any computsion, co~strai~t, saprehension, w fear of or from her said huaband.
W17NESS my hand and officiai seal thi: n2 g,,,(,~____ day of A D. 19_L
Notary Pubtic in and fw 1Me Strte of Florida at larye
My Commission expird:
Retum Tm IIOTARY PUBLIC, STATE OF ROR{DA AT LARCE
Fint Fede~st Savirgs ~ loan Assotiation „.~j ~ ~ C~JMM1;=~. ~'V EXPIRES SEPT. 23. 19'J3
Of Fort P.erce. !`t-.~•~•••.~~~ L', c..?.l~cu l r..{!i : H£D .ti.
• = : • ~ ` i ~ . « /
t " ~IE.`.IELf10Ru
^ Pi ~
Fort V;e~ce, F~pida ~ ' •
~V_
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~ Q~ C i••~~•: E-' ~
~ ' (S: ~
~ ~ ~~+r f,~ ~
• J ~ ~ ' • . .
This Instrument Prepared By RiG?lg~1C.
First federal Savings 3 Loan Association :
of Fort Pierce~ F1oPida 1~~~''••••••'~~
L~ •5~
Checked By ~ ~
~
aQax ~89 F~~E 35~ '
Pg
~ ~
, ~lr~~"`~
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