HomeMy WebLinkAbout1591 To p1~c~ ~nd continuou~ly kMp on tM bu~•dw+q~ ~w~w a MrpfN~ Mtwb on ~~~d I~nd and ~It equ:~u~.e~~ u~cl ~w~son~lly covered Ly IAi~ map.
p~, v?+tA all p~m~ums tlur~on p~~d cn IuU, h~~ intw~nc~ ~n ~M uwd ~~~ndard po~~t~ la~ ~n •~u~» ~~.Wu.eal b~ 1!» A10lt:G.1GFE. •~,d w~~ds~am
~rowMCe ~n ~M v~w! ~r~ndsrd po~~cy lam,, i~+ a•vm ~o~eJ b~ ~M MOR1GAGfE. in ~u.h can~.~ w compan~~s ~s ~M MORtGAGEE ~.u~
dtrec~i ~nd ~11 Ik~ and w~~a~ ~nswu~a po1K~ on My ol u~d buitd,~qs, ~ny i~+ar~~~ Nwe~n a pN1 IF~l~WI. G~ tIy ~ra~~tf fum ~Ipffild O/
h+ ~ac~a ~he.~o/, ~hall conain ~h~ ww1 Na~dud mappe~ NavN a wc/~ al»r c~w~ a ~M Ma?p.9e~ m.y ~•yu.r~. m~?Mq ~M 10?~ u~ni.. ~a~d po~4
c~h. ~acA «+d ~w.t?. wr•bw b~.~d AWRtGAGEE ~s as ~e~~.t~t m~~ ~,p~ar. u~d NcA and •v~ry ~~ch po~~cy .MU a ww~+~ny •a p~~oJ •~~d d.iw•.ed ro
any hrid by sa~d MORTGAGEE furtAN s~cw~ty ~o w~d matpp~ deW. and na I~a thsn ttn (101 d~~t in adw+K~ of d,~ •ap~~~~.on o! ~~ch po1Ky. 1d dr i
I~wa b s~+d MORTGAGEE • r~w~l Ii+N~ol. ~opNi~ wi~A ~ r~n~p1 fa tM pr~uvm of wcb ~~new~l; ~nd ~I»~• ~hafl b~ no f~rs or w~~~d~~a~o 1nsw~nce
p~~c~d on My ol faid bui~dh+qs. ~n~ i~tNN1 IM~~~n w p~r~ ~F~~o1. ~ni~s~ In ~M form and w~~h ~M Iou paY~bie u afa~s~dr ~~d in Nw ~v~nt ~ny wm
o~ ~+w+Nr pecon~es p+Y~bH w~d~e. such poticy o. polK~ wid 1tl10RiGAGEE ~M11 h~w ~Ae optwn ro reca~va ~nd ~pply ~M s~~tv on ~ccow~~ o( tM uxl~Gted~
Mtf lKwld hNtby O/ f0 pNmit ~.~d MpRTGI?GORS ro r.c.iw Md VM h W ~ny p~u1 Ih~treol lo~ Ottmt pw~•ofrf. ~rJtwul th:r.u~ wo~.~~~~ o~ ~mwu-
~nq ~ny squ,ty, I~~n o~ ~gh~ u~+d~. a by v'urw of ~h~s morepaq~j ~+d 'w+ IM ~w~+~ w~d MORiGAGORS sh+ll (w any r.awn (ai) 1o ksep rhe ~a;d premcses w
~nsu?ed. w lall q deli~a promplly My o1 ~id polKi~t o) infwMt~ b said MORiGAGEE. or fa~l promptly to pay fuity any p~a~,~~+n the~efp p in a~~
~~~p~a lail b p~.iam, d~u1+~~~t. ea~cut~. Nfec~. complN~. comply with ~nd ~bd~ by rha cov~~aM. w_~ny per~ M~eoi, sacd MORTGAGfE awy p+ac~ ~~~d ~
Mr ~a such ~nsw.oc~ w~ny p~rt fM.eoi wfthout w~lvinp a~ff~ctinp aey opt;o.~, li~q pv;ry. o~ ~.yh~ und,x a by w~tw ol ~hi~ Ma~qaq~. ~nd the :
~vll anouo~ of ~acA w~d ~wry wch paym~nt shell b~ irrw~edi~Mly dw ~nd p~yabl~ ~nd aMll be~r intereit 6an 11?~ dd~ ~hereol un~il p~d tM ra» ol ~
~~~.e pK no~um pe~ annum ~nd ~o~e~her w~~h iuch in~ae+~ ~lul1 br secured by th~ tie~ of th~~ mortpaQe.
4. To pe~mit. tw~wnit p suFfN rq w~tN, impairmtnl a c1H~?iwalion of s~id p?operty pr ~ny pKt ther~of.
s. io P.y •u •~d ,~v?a, ?h. t06l7 CIf~/QN ~nd ~xpMUlf, includ~np • ~easa+abl~ ~teaney'~ tee and cos~s of abs~~uctf o( t~tle. 7nc~ned o~ paid
e^Y bY sa~d MORTGAGfE, bfcauw a in rhe ~v~nt oi tM fa+lw~ on th~ pa~~ ol ~M said MOR~GPGOR to duty, p+anptly ~nd fvlly pertwm, d~uF~r~,
eaccut~. t(fett, compiaq. comply w~~h and ~b;d~ by ~~cA snd ewry ths seipul~rwn~. ~y~aymenta, epndi~~ons, ~nd covenan~s ot s~~d p~omissory note •~d ih~s
ro+r9~ any pr ei~hev. ~nd sa~d cos~a, ch~r9ef ~nd eap~nsef. eath ~nd ~very. sMll be imn+edistely dw a~d payab:e: whr~her or no1 ~hero be noncs dc
msnd, attempl ro collect or sui~ paxl~r+~: ~ tFw fult amou~t of each u~d ~w.y such paymem sh~ti i~eu i~rerosr from ihe daro ?hereo! unei! p~id ~t ~he
..,rr of n«u pe~ cenrun~ p,er aH~~m: and a11 said coses. charpes ~nd exprnses ~ncwred or paid, ~oyaiher w~th s~ch ~mereit, shall bs secured by the I~e~ of th~~
mCrf9~, .
6. Tha~ (~J in tM ~vin1 of sny bre~c~ of thi~ Abrtgap~ w dei~ul~ on the pa~t of the MORTGAGOR, w(b? in the event ~ny of sa:d ~ums of mon~y
hrre~n ref~ured ro b~ not promptly ~nd fvlly pa;d wi?1~in ~h~r~y 130) daya ~xf alter fFw same aeve~atty becw,x due a~d payable. w~~hou~ de~und or not~ce. ~
er {c) in tl~e ewn~ each and tvery ~M stipulatwna, ~greemeoq. conditiocis and covenant~ o} sa.d prom~ssorY note and ~h~a mw~paye any a e~Iher art nol
~~iy, pcomplly ~n~! (uily p~rlotmed, d~uMry~d, eaecurcd, ~tfecred, completed, compl~ed wi?h and ab~Jed 9y, than in adF?er a any such evem ~M sa~d ~g-
gr~yet~ sum m~ntip~ed in said prpmissory nore Ihen remaininp vnpa~d. witA interesl accrued. u.d all mnneys setu~ed he~eby. sMll become du! and p~y-
s5le fo~thwirh, or thereaite~, at th~ opripn o! s~id MORTGAGEE, ai tully a~d compfetely af it •il of the said sums c+f rrwaey were o?~qm~11y ar~p~iarrd
!e be ps~d on such day. inyfAinp in aa.d prom~sso.y not~ or in ~hii Mor~pye to fl» contra~y notwi~hstand~~~g: and thoreupon w therealtm at the oNi~on o1
sa;d MORiGAGEE. v~~thout ~orKe or demand, sui~ at law a in puity, ~herefwe a tl~ttNftM begv~, may ~x prosecufed ~i if all mo~ey ~ecured hereby
na~ maNred F+r~or to ~rs inatitutiorl.
7. TMe in the e~ertt tMf st eh~ be9inn;ng of or at iny t;rrn pecdiry any suit upon ~his Mortgsge. a to iwccfose it, or to reform it, or ro enfwce
payment of any cla~ms hc~eunder, s~id MORTGAGEE shall apply lo Ihe Couri havi~.g jur~sdct~a; thereof la the appo~nt~nen~ o( • Receiver, such ~ourt shail
forrhwith appo]ro a r~ce~ve~ of said mort9aged prpoerfy aYl and i~nyvt~r, ~nclud~ng all arrd ungular the irtco~ne, p~oi,ta, issues and.revenues from whetever
s.~urce derned. each and evrry of whKA, ~t be~ny expreuty undr~siood. is 1+errby mor~gayed a~ if spec~f~celty set lorth a~d deicnbrd in the graro~ng u,d
h.+bendum cl~uses hcreof, and such Rec~~ver sha11 Mve all tha txoad i~xl rlfective furtct~o~s end powers in anyw~se er,t~usted by • Covrt to a Recrive~, and
i,<h appointment sAall be made by 3utA Co~rt ~s ~n admitted equity and a mant~ of •bsolu~e r~gAt to said MORTGAGEE, and without roference ro the
e.irawcy o. inidrquacy of Ihe wlw ol the prope+ry mpr~9sged or ~p so+~cncy w~nsoivency o( tiaid MORiGAGOR or ~he defe~XJdnff, and ~hat such
rrn+s, profiri, incane, iu~res •nd revenvea shaU b~ ~~~1fd Dy/ fbCA RKCIVpI accord~r~q to the l+en a eqv;ty oi s~;d MORTGAGEE and the prac~~ce ol such ~
lOUrt.
8. To duly, promp~ly ~nd fully p~?torm, dixharye, execute, eifect, complete, comply w~~A ~nd ebide by each and every the stipulat~ons, agreemems,
ce~d~tans a~d covenann ~n sa~d prom;ssery rwte end ~his morr9age set iwih.
9. That in ihe event tiie ownenh;p of the mwrgayed prem;se~, or any ps~t the?eof, becomes vestrd in • pe.son oth~v 1Mn the N1~RTGAGOR, IM
ti'~ORTGAGEE, in svccess~s •od aas~yns, may, wirhout nor;ce to the MORTGAOR, deal w~~h such ivcceuor or succe~sor in ~nteres~ w~rh reterence ~o this
~v~r9ye •.+d tne debi I+ereby secu.ed in the sams manner as wi~h INortys9w wttlwut in ~ny way vitutir~ w d~schsrg~ng rhe lJlwegagors' liabi~ity herr
,,nder or upon the drbt hereby sc~urcd. No iale of the premises htreby mor~gaged and no Iwbear~nce on the part ot the MORTGAGEE o~ its successon
e. assgns and no exrens~on oi the time fw the payment of the debt hereby sccured given by the MORTisAGEE o~ ~ts successors a ass~gns, st~all operate
ro reseasr, d.scharge, rreodify chznge ar afiect the priy,na! liab,l~ry ot the MORiGAGOR herein, eithe~ in whole or in part.
1~. It ,s spcc~ficatly agreed ehat t~me is of the esunce of th~s contract end that no waiver oi any obGgo!~on hereunder w of the obligation sr
cu:ed hereby sh~l~ ~t ~ny tirrK thereafter be held to be a waiver oF the terms he.eof w of the imtrument secured herby.
I 1. In add t:o~ !o the forego'ng monthly payme~ts of prinCpal aod interest required by the prom~ssory no!e securrd he~ebi, mortyagor covenanb
+~~d agrt-es ro pay ro mo-tgegee n;th esth mvnrh!y pay,:,enf an add,~ional sum es+~ma~ed by morr9agee to be eq~al to 1 12 of the annua! ~ost of the follaw-
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A-AII .ea1 Froperty taaes lev~e3 w asussed aga~~st ?he ahove describcd real estate. ~
B-Prem~~ ns on 4~rc and windstorm ~nsurance as herein requ~red to be carried on the irNprovemenb SiNa!e on the above described prem+ses.
C-Pre~r~~•:^s on such mongage gw,anty ir.surance as mortgagee shall ?rom t~me to tianc deem fit to carry on the loan secured he~eby. ~
Mwtqager sha t!rom e~n,e to tin+e not;fy mortgag~~ N,ritiny of the amoum due and payable hereunder and such sum shall thcreupon be due and ~
abk on the d~e oate of the neat monthiy payment and each successive month thereafte~ ur,til mortgagee shall not~fy .rqrtgagor of a change in such
~•~o~rrt. Such wms stia'1 be ap, I;ed by mortyagee toward the payment of real property ta:es, insurance prem:ums, a~~d mongage guaranty insurance ~
c~•emeums.
IN TN~SS W'HfREOF, the s'd MORTGAGOQ has hereunto set his hand and seat the day ~nd year first aforesaid.
,Sfq Staled n in ihe p?esente of: r
i
FILfO AMC? f,EC0A0E0 ` q
_ ' ~ ST. ~UCIE COUNTY FLA.
ROCER ~OtTRAS
CIERK CIRCUIT COU ~ , q
" RECORD VER~f~EO .v
S ~ ; ~ i
,f~-~~-
~ StATE OF FLORIDA ~ _Vy I~ ~ ~ ~ ' \a ~,,'v-~;~; .
i YRI~ r n ~ ~ ~_C?'. :i~' <
- c~uNrr of S~ _ r~.~~e ~
2G341~ ':n~.
8efo~e rne {xrsonatiy appeared ' aj ~ f' ti,~ =
~T~'$ . ~8 ~ e4 ba wife, to me well lcnorYnynQ, ~ ~
~ '
+ne inci;v~dwts descr~bed in and who execuied tF+e fae9oirg instr~ment, and ackrwM,fedged before me that tFxy executlj~
rhe+ein e:pressed. Md tt+e aa' ~~2~BY2'a ?S • p8111@ ' ' 'r,':~~;~' ~
. , , , :
~ tr~ ,~;a Ji~v Lee Pauley ° • ; ' - . ~
=~w .i: " .~i r!+,r~t:.
r~em:nar:oe~ by me taken separate and apar~ trom hcr said husband. ~wwledged to and before mt that she executed said h~sttu~e~'~~.~MI`vojuo-
'ar~Iy and w;thout a~y compulsion, constr~int. ~pprehens;on. ~c,~u of or from he? said huibsnd. `;-K
r~
WITNESS my hand ~ed offic~sl seal th~ ,L„ ~ day of • /1, p. 19 11
~
Not uWK in s for the State of Florids at lirpe
My Comm~ssion expi~es:
Reru~n To:
F"us~ fede+~t Sa~ings 3 lwr? /?ssoc~at~o.+ ~+~7ARY P:i~i:.^,r 3i:.;E GF Ft;~.:....~ .'•T L;ituE
t~lY. COt~lPvii~~~t~,{ LXrjncS :,u~. ~9~ iy~2
Of f0!1 V.lr(p. iOhOED 3tIR~..;,GH F~ nEil i;a °TELyORi.
Fprt G;cr«, Flar~da
a 9• ~y
This Instrument Prepared By R1Ch8Pd K. ~8
First Federal Savings b Loan Association
of Fort Pierc~ Flo!'ida
Checked By
aooK 189 PAGE 1587
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