HomeMy WebLinkAbout0675 To ptx~ •nd confinva,siy t,ep on ~!w bv,'d,~ps now a her~~ItN t~tu~N on t~~d I~nd a~+d o+~ +I: cq.,~p••,en~ a~d prrsa.ally co~t~ed by ~h~f mo~~¢
w~~A •II prem~ums the~eon pad m fuil, fue inf~i~nc~ ~h~ ~swl titandud po~~cy torm. in • tvm 1y~1+Uv~ b~ ~he :V1Jk~`v~GEE. •~~d w„xls~~m
~mw~nt~ ie ~M ufwl ?rar+dard po~~cy fan1, in • wm ~ppw~~d by ~M MORiG/1GEE. in t~Kh canp,~ny w c~m~,an~e~ a~ the MORIGAGEf r*~y
dinctp ~nd all lir~ ~nd wN+d+twm ~nsu?anc~ polKK~ a+ ~ny of ~a~d bu~id~nps, ~ny im«~st ~he~e~~ w p+rl tixreof, in ~he agq~.q~~e svm afaesa~d a
in ~,ec~ss ~he.~of, shall con~ain ~M uswl ~undard mo.~p+~ ciauw a such ah.. cla„s~ af ~M Ma~yafles r.uy requ~~e. mo?~n~ U+e ioss onde~ ~a~d pN?
c~. each a+d we~y. parab~e a sad MORiGAGfE a~ ~n ~n~.x~st .nry ~pp~ar, u~d e~cA u+d every suth po~~cy sh~it be pra,~p~ly us gncd ~~,d deirvered ~o
•ny held by sa~d JNORTGAGEE a1 further fecuritY to said nar~pa~e d~bt, a+d, oot leu ~han ~en (l01 days i~ ad~a~ue of ~he e¦p~~a~~a+ ol eaci+ poiKy, ~o dr
Gwr ro said MORTGAGEE • renewal tMreof, Ioqe~Fwr wi~h •?ece~pt fw tlw pnen~vrn of iuc6 ~anewa~; and there sha,l I,e ~w f~rr or ~n,~~~dsw~~~ ~Mw~ncs
pl~ctd On ~ny of said buildinpi. any interett tM~~in p pa~f rhereol. unless in tM form ~nd with tM loss payable as efo~esud: and i~ the evenl •ny fum
of nqr»y becpnet pay~W~ und+? such policy a po~~uN s~~d MORTGAGEE shall haw the op~an to receive and apNly the sa+~se on accoun~ of Ihe u~dabted~
ne~~ secured hNeby a b permit s~~d MORTGAGORS to receiw ~nd v~ i~ a any part H~ereol ior orn~r H.,~.oses. ...~i,;,,f ~h-•.c, w.,~.~ y a~~~~p..~~-
infl ~ny aquity, lie~ w~gh~ u~der a by virtw of this mo:sppa; and in ~he ~vent w~d MORTGAGORS sha~l !w any reason fail ~o keep ~he sa~d prcm~ses so
inw~ed, o~ fail b deliver prompNy any of said po~K~et ol insura~te fo said MORTGAGEE, w(ait p~omptly lo pay fu1~y any pre~»wm thc~eio~ o~ in a~y
respcd tail to pafwrq, discharge, executs, efiect, comp~ets, co+nply w~th and abidt by thi~ cove~ant, p any par~ hereof, sa~d MGRiGAGEE n,+y p1~te a~~d
pay la suth inwranct or any part thertof without waivirq w aftMinp anr option. tien, equity, w rigM unde~ o~ by v~rtue of this Matgage, •nd the ~
full amou~t o( each and ev~ry wch paymenl shall be immed~~tely dw and p~yabl~ ~nd shall bear interest from the daie thereof umil p~~d a~ the roro ol
n~ne pa~ centum per a~rwm and togeihe~ with such interesr shali be secured by the lien of tha mortflage.
To pamit, commit w suffsr no waste, impairmeM w deteratation of u~d property w any pa+t thereof. .
S. To pay a~l a~+d tiny~lu the costs, ci?u~es and eapenses, includinp a reaso~able attwney's fee and cosrs of abstracts oi H~1e, incur.ed o~ paid at
any time by said MORiGAGfE, because or irt the ~vt~t ol the tailure o~ 1he part ot the said MORTGAGOR to duly, prynptly and f~lly per(o~m, d~scharge.
eaccute, effect, comptete, canply w~~h and ~b:de by eacF~ +nd every the at~pu~anw+s, agreements, cond~tions, and cove~~anrs oi sa~d pro~nisso~y note and ~h~s
.r.ortgape any a eitFxv, and u~d costs, thuga a~d expenses, each and every, shall be immediate~y due and payab:e; whe~her or nor rhe~e be no~~ce d~
mand, attempt lo collect or suit pe~d~ng: and rhe full amount of each and eve~y such payment shall bea. inreres~ from the date ~hereo4 until paid at ~he
rare oi ~ine pe~ centum per annum; and all said msts, charges and expenses irxwred or paid, togethe+ ~v~th such imerest, shal) be setured by the I~en of thii
mwt9ape.
6. TMt (a) in the evenf of any breach of th~s Matgage w deiault on the part of the MORTGAGOR, a(b) in the eveM any of sa:d sums ot moaey
herein referrrd to tx not promptly and f~lly paed within Ihirty (30) daya next after the same severally become due a~d payable, witlwut demand a notice.
or (c) in the evem asch and. every the stip~latiorts, agreements, condi~ions and covenants of sa d prcmissory note and th~s mo~tgagr any or either are nol
~uly, promptly and fully pesfonned, d~xharyed. executed, effecled, compkted, compGed w~th and ab~ded Sy, then in e~ther w any such event IFx sa~d ag
gregate wm mentio~ed in said promissory note 1he~ remaining.unpa~d, with interesl accrued, and ail moneys secured i~ereby, shatl become due and pay- .
aole for~hwith, a thereafte~, at the option of said MORTGAGEE, as tuily and compte~ely as i( all of ~he said sums of money were a~gina~ly snputa~ed
ro be pa~d on such day, anything in sa~d prom~ssory note o~ in this Mortgage to the cont.ary notwithstand~ng; and thereupon or therealeer at the op~~on of
sa~d MORTGAGEE, withovt no~ice w demend, suit at law w in equity, therefwe or thereafte~ begw~, may be prosecuted as if all mw?eys ucured hereby
nad matured p~~w to its institution.
7. TMt in ths event that at the beginning of w at any time pendi~g any suit upon this Mo~tgage, or to fueclose it, or to reform it, or to e~fwce
payment of any claims hereunder, ssid NlORTGAGEE shall apply to the Cour~ having jurisd:ctio~ thereof for the appomtment of a Receiver, s~ch Cour1 shall
forthwith appoint a ~ece~ver of uid morfgaged property all and singutar, includ:ng all and singular the income, prof~ts, issues and revenues lrom whatever
source dHived, each and every of wh~ch, if bei~g expreuly underttood, is hereby mwtgaged as if speuficafly set fath and described in the granring and
habendum clavses hereof, and such Receiver shall have all the b~oad and effective funcnons and powers in anyw~se enerusted by a i.ou~t to a Receiver, and
s~ch appointment shalt be made by such Court as an admitted equity srul a matte~ of absolute right to said MORTGAGEE, and withou~ ~eference to the
adequaty or i~adequacy of the valve of the p~operry mwtgaged or to the sohency or insolvency of said MORiGAGOR or the defendants, and thal such
renrs, profits, inco~ne, issues arnl revcnues shall be spplied by such Receiver ~ccwd~ng'io the lien w equity o( said MORTGAGEE a~d the Rractice of such
Courf. -
8. To duly, promptly ~nd fully perfwm, dischuqe, execute, effeci, complete, comply with and abide by each and every the stipulations, agreements,
ce~ditans and covenants in sa~d promissory note and this mortgage set forth.
9. That in tF~e event the ownership of the rtw?tgaged premises, or any part ihereof, becomes vested in a perwn other than the MORiGAGOR, the
N,ORTGAGEE, its successws and sssigns, may, without notice to the MORTGAOR, dtal with such successor o~ s~ccessor in interest with refere~ce fo this
rnongage a~d ihe debt hereby secured in the same ma~ner as with RAortgagw withovt in sny way vitiating o~ discharging the Mortgagori liability herr '
under w ~pon rhe debt hereby secured. No ssle of Ihe premises hereby mo~tgaged and no forbearance on the part of the MORTGAGEE o? its successws
or ass~g~s and no extension of the time for the payment of the debt hereby secured g~ven by the MORTGAGEE or its successors w au~gns, shall operate
to reteasc, d~xharge, rnodify change or affECt fFx orig~nal liab~lity of .the MORiGAGOR herein, either in whole w in psrt.
10. It is speufically agreed ~hat time is of the essence of this contrad and that no waive? of any obl~gat~on hereunder or of the obigation se
c~red hereby shall at any time thereafter be held fo be a waiver of ihe terms hereof or of the instrument secured herby.
11. In add~tie~ to the forego:ng mombly paymsnts of princ pal and interest requhed by the p~onuswry no+e sewred hereb~, mortgagor covenants :
and agrees to pay to mortgagee with each manthly payment an addrtional sum estin:ated by mwtgagee ro be equai to 1 j 12 oi the annual cost of the follow- ~
~~:g: - ~
A-Afi real property taaes levied or auessed agai~st the above dexribed real estate. ~
a
i B-Prarr.~ums on fire and windsto:m inswar.ce as here~n requ~~ed to be carried on the improvements sit~ate on the above described premises_ j
C-Premiums on svch mortg~ge guaranty insurar~ce as mortgagee shall from t~me to ti~ne deem fit to carry on the loan secured hereby: ~
IF JNortgagee sha~'. from time to timr notify mortgagor irt writing of the amount due and payable hereu~der and wch su:r. shall thereupon be due artd i
~ F~yabte on the cfue oate of ~he next monthly payment and each successive month thereaftcr ur.til mwtgagee shall noLfy mortgagor of a change in such
`s, a nount. Such suma shall be applied by mwtgagee toward tFx payment of real property taaes, insurance prem:urtu, a~xl mortgage gua~anty insurance
~ e-emiums.
~ IN WiTNE55 Y1HFR~OF, the said MORTGAGOR has hereumo ut his hand and seal the day and year first afueseid. _
~ Sig~cd, Sealed and ' ned in the prosence of: -
~ a~
~ (Seaq
~ - (Seal)
Seaq ~
~ STATE OF fIORIDA ~
~ ~
~ couNn oF St. Iucie
~ ~urice D. 3mtder and D~laaa R Snvrier, his vi£o ,~?d '
8efwe me perw~ally appeared ~ {
~ Jeffre~ S. ~12'St 811d gi n C F1L1"4t his wife, to me well known and known to me to be ~
the individuals described in and who exetuted the fwegang instrument, xw! atknowledged before me that they e:ecuted the same for the purpases
~ rherein ~xP.~~d. a,d rne ~~e ~1ana R- Snvder fe of th8 aai d 1+(a~ri
~R n_ ~r and Ualai
n C. F`~rRt '
~ ,~~fe of the said ~pfl~9~ S. ~lI'S~ upon a separate a~d prirat~ (
~ examtnation by me taken separate and apart from her said husband, scknowledged to ~nd before me that she executed said instrume~t freely and volurt-
ranly and w~thout sny compulsion, constraint, apprehension, or fear of w from i~er said husbartd.
~ WtTNESS my hsnd and officiai seal this ~ day of A. 0. 19~~
;
~ •
~ • Notary Public in and for the State of Ftorida ~t Larye
~ My Commasion expires:
~ Rerum To: ~~f!~u~r~~ ~ ~TARY PUBLIC~ STA7E OF FlOR1D111 AT ~AI~iE
~ Fint federal Sa~~ngs 6 loan Aawcur~on ~ , y::. ~ f':1AMIS,lON IXPlRES SEPT. 23, Iq73
~ Of Fort P,erce. ~v Vi~~i ~'-~%':~`fl tHtNl fREO w. QIE,$Tf~(~
~ •a • . v . -
.
~ Fort Pierce, Ftorida ~!Z''v f~f~ ND EQ
~ = `zc j N , _ i~ ~~E pOUMtr
' ~ ' ~ ~s
_ r.• Y . , j - OITRA! ~
r F~'~ ~ ' ~E~p K CIRCUIT Q (
J., •
This Instrument Prepared By ~jp~ j~]~., . ; • r;~•` YERIf1E0
I.~
`~~.~w_Q'~,rih .
~ First Federal Savings b Loan Association r~t .
~ of Fort Pierce~ F101'id8 r~L, -r.b.3'•'c~,~`~1,~ 31 4 p,~ ~Y~O
. ~rG ~ T1
~ Checked By ~ :au
0R ~
~ ~~e~ 1~9 FA~E 674 2C2`765
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