HomeMy WebLinkAbout1593 J. To pl~ ~nd conrirnwusly ?Np on tM buiid~nps now a Mr~aU« utvaq on a~id lud and w+ ~II equipi,ent ~~d pa~onally cov~?ed by Mi~ enw~g
p~. w~~h afl ~xsmev~+u lhcreon p~~d ~n lull, f~r~ i~w~nc~ ;n ~F» wwl ~~anda~d potKy fprm, in a wm aP~xo.ed by ~M MOR~GAVEf. •~~d w~nd~~am ,
~n~w~nc~ in tM ~iwl a~andard pot~cy fam, in ~ wm ~pprovrd by tM MORTG/1GEE, in ~uch company o. compan~~~ e• ~?x MORTGAGEE may '
d~nc~t a+d all IN~ and wiodia.m inw~~nq ppliup pn any ol said build,nq~, a~y inte~~st thae~o w part ~hsr~ol, in tM ~qpreq~tt tum aforesaid a t
i~+ ~atws /Atnof. t+?rll contain ~M v~wl ~rMdard ma?ppN ciw~s a ~uch o~Me cl~us~ u d» 1Nor~~a~ r+uy ~cQuu~. ma\inp ~M los~ und~a sa~d poti~
cie~, ~ach ~nd ~wry. parabi~ b ~.d MORTGAGEE u 1n imHq~ may ~pp~ar. Md e~ch .nd •vay such po~~cy sh~11 b. p~ompuy us9ned •~d dsiiv~~ed ro
~ny MW by a~id MORiGAGfE aa Iur~hM s~cvriry ~o said nwr~pay~ deb4 ~nd, nW I~q than ee~ (101 dsy~ in sdva.x~ ol ~hs expua~ion of e~cA poi~cy, ro d~-
~~wr b a~id MORiGAGEE a r~nsw~t Ih~rrol. 1o~Hh~r wi1A • r~c~ipl ia tM p.em~ue? of such r~newal; a~~d ~he~• ahatl b~ no i~r• w w~~w~aw~~n ini~ranc~
p~ac~d on ~nr of s~id buildi.gt. ~ny intQryl tMt~i~1 Of ~itt Ih«tOf, unlt» in IM form ~r+d with ~h~ toa~ p+yabie J~ •f6r~f~id: ~nd in Ny •vtnt a.ry ivm
o/ moMY becan~s P+yabl~ vrd~ ~uch pol'ecy a polKip s~id MSJRTGAGEE ~hall haw ~Ix op+an ~o recrive n~xi sppty the same on accou~.~ ol H+~ indebted~
neu s.cu~.d h.+.by or ro pam~~ sa~! MORTGAGORS ro ret~iw ind us~ H q?ny part thereol Iw othcr pu<<•ases. .v,~h~„t ~h,~.ai w~~v~n~ w nnpan-
in~ ~ny pu~ty, li~n w r~qht ~.~da w by vutw ot ~hu morrpp~; ~~d i~ rM ~ven~ u~d MORTGAGO!!5 sha1: fa any reason fail ro keep the sa~d premi~es w
insu~ed, or f~i) fo d~live~ p~omplly ~ny of aaid policie~ of insur~nc~ 1o s~~d MORTGAGEE, w tail promptly to pay fully any p~e~+~~u~n therelw or in any
respett fail q pwform, d~xMr~s, •tetut~, ~ffect, compiete, compty wi~h and ~b~d~ by this covenaM, a any par~ hueol, ts~d MURiGaGEf nuy plxe a~+d t
paY ta such inwrsnc~ a+ny pan thereof wi~hout w~tvinp a affectinp ~ny op~ion. lier?, eqviry. or .iph1 unde~ or by vi~~w of ~h~s Mori9aye. ~nd ~he j
full smovm of each ac+d ew~y s~ch p~ymMt slNll b~ imrnedi~tely dw ~nd pyabb ~~d ~hsll bear intere~t from the dat~ thereof v~~il pa~d at ~he ~at~ ol
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n~ne p~? centum pe~ annum and toQetl?er wi~h such inrerest shaii be sacured by the lie~ of this mo?tpape.
1. To pKmir. commit or su(ftr ~o wait~, impaiimrM a deterarstion of said p~operty p any part thereof.
S. To p~y al! ~nd sinpular the costs, ch~rpes and exp~nses, i~clud~np a reatonable ~ttar+ey i(ee and cosrs of abstrac~s o( t~~le, incuned or paid at
+~Y bY wid MORTGAGEE, becavse a in tM tvent of the failure on Ihe par~ of the said MQRiGAGOR to duly, prompNy s~d tuliy pe.torm, d~schsrge,
execul~, ~ifect, comptet~, comply w:th and ab~d~ by txh and e~e?r the stipul~rions, igreements, condilions, ~nd cove~wnts oF sa~d p~an~ssory nore and fhis
rnwtyap~ any a eitha, and sa~d cous, thar9es and expenses, eath and every, sha~! be immed'ute~y due and payabte; wfie~hcr w not tF~ere be no~~ce de
mand, attempl ro collect or wit pend~rg; and tM full artw~~t o( each and every such payment shall bea. ineeresf f~om the daie lhereof unril paid a1 the
rate oi nine per u~twn per snuum; and all aaid cosri, char~es ar,d eaproses incurred w paid, together w~th such interast, ~hall be secu~ed by ~he lisn of th~i
~«ro~•
6. iMt i~ the event of a~y breach of this Matga~e w defavlt on ~M part of the 1~10RTGAGOR, or (b) in the evenl any oi sa?d euma of money
herein ~efened to be +wt p~a»ptly and fully paid wirhin thirty (30) days nexl atrer Ihe same severally beconu due and payabte, wi~ho~~ demand o? no~ice,
or (c) in the ~vent each ~od every the sHpulations, agree:n~nts, cond~tions and tovenants of sa,d pra~niisory note and th~s mo~tgage, any w either are nol
iufy, promptty and fulty pKiarned. d~xharged, execvtsd. ~ffected. tomplered. cw»pl~ed wi~h ind ~bided Sy, then in e~ther w any such event the sa~d ag
g~egate s~m meM'aned in :aid {xomissory note then remaining unpaid, with interest accr~ed, and all moneys setured hereby, shall become due ared pay-
able fathwith, a theresfte~, at fhe opr~on of said MpRiGAGEE, as fulfy and comple~e~y as if eU o( rhe sa~d svms of money were orginally supulsfed
ro be pa;d on such day, any~hiny in sa:d promiuory note w in this Maipage to the contrary nofw~th~tar,d~ng; and thereupc~~ a thereafter a~ ~he op~~on of
sa;d MORTGAGEE, without no;ice or demanef, suit ~t law or in eq~ity, the~eiore o? theresfter begu~, may be prosecuted as if stl moneys secured he?eby
nad mawred pnw to ~ts ins?iWtia~.
7. Iha? in tht event tbal N tF~e beginr?;np of or at sny time pending any suit ~pon this Mo.tgage, w to forectose it, w to relorm i~, or to entorce
paym~nt of any claims hN~under, said MpRTGAGEE sMll apply ro tF+e Couh haviny jur~sdrcuon the~eof for the appolntment of a Rece~ver, such Courl ahall
forthwith sppoiM a rece~ver of said mortgaged proQerty al~ and s7nqular, inc7ud+ng at! and singufa~ ~he income, prol,ts, issues and reven~s han whatever
source de~ived, each ~od every of whKh, it be~rg eapressly understood, is hereby mortgaged as if spec~fically sct iorth and descr~bed i~ the granting ar.d
habendwn cla~-ses I+e~eof, and such Receiver shal~ Mve alt the broacl and effective furxt.ons a~d powers in anyw~se entrusrcd by a Court to a Receiver, and
wch appoinrmrnt shall be made by sucA Court as an sdmitted equity a~d a mauer of absoiute r~ght to ssid MORTGAGEE, and w~rho~t reference to tha
edequxy w in~dequacy of Ihe value of the properry mortga~ed or to 1he sorventy w insolvercy of said MORTGAGOR or the defendants, and ~hat such
renn, pro(ib, incane, iuves ~nd revenves shall be appJied by such Rece+ver atcoad~ng fo ?he l;ea or equity of w~d MORTGAGEc and ihe pracrice of such
Court, .
8. To dvly, ptomptty and fully perio~m, dixharge, eaecute, eftecf, compkte, comply wiih and abide by euh and eve~y the sKpulations, agreeme~ts,
conditions anc/ covenann m sa~d promissory rwre and th~s martgage s~t forth. ~
9_ Thit in rhe evenr the owr~ership of the morfgafled premists, p sny parf thereof, bctipnes vesfed in a pe.fon othe~ than the MORTGAGOR, the
A4CRTGAGEE, its suctessors ar~d auigns, may, without notice to the MORTG~40R, deat with s:~ch sucteuor or successw in enterest with reference to this
mo~+gsge and the debt h~re6y secur~d in the same manner as with Mortgagor witlwut in any way vitiating or discnarging the ldatgagor} liabilily herr
ur.der or upon the drbt hereby secured. No sate oI the premises hereby mwlgaged ~~d no forbearance on Ihe pan of ~he MORTGAGEE w its svccessoro
or assig~u and no ezte~sion of the time for the payment of the dcbt here6y secured qiven by the MORTGAGE'_ or its successors w auigns, afiali operate
ro rotease, d~uharge, modify thange a affcct the original IiabJity of the MORiGAGOR herein, eithe~ in whole or in part. •
10. It is spec~fically agreed that Gme is of the caunce of this centract and that no waiver oi any obS~gation hereunder w of the obligation sr ~
cured hereby ahali at any time thereafter be held to be s waiver of thc terms hcreof a of the instrument secu.ed herby. ~
t
11. I~ add.tio~ to the forego"ng monthly paymcros of princ pal a~d interest required by the p.om~ssory no!e secured here6y, nwrtga9or cove~a~ts ~
3Rd agrees to pay to mo: tgagee wi~h each monthly payrnem an add~iional sum esuma~ed by moctgagee to be equal to 1,' 12 of the an:~ual cosi of the {ollow-
;ng: .
A-All real property taxrs levied o~ asxssed against the above describcd real estate.
B-Prem~ums oa fire a~d windyto*m insurar.ce as herein requ~red to be carried on the imp~ovemeats s;tvate on the above described premises. ~
C-Vremivms on such matgage guaranty insurance as mwtgagee shail from t~me to time deem tit to carry on the ban secured Fxreby.
Mortgagee shaR from t~me ro time notify mwtgagor in writing of the amount due and payable hereundcr snd such wm shall thereupo~ be due a~d ~
; 3yabte on the due date af the r+ext month!y payment and eacfi successive rnoml~ thereafter ur,tit mortgagee shall notify mortgagor of a change in such
a~a,nt Such sums shaii be applird by mortgagee toward the payment of real prope?ty ta:es, insurance prem:ums, and mwlgage'~d.~snty i~surance
~~emiums. • .
IN W ESS WHE f, the id GAGOR has herevnto xt his hand and seal the day and year first afwesaid.
. Sealed a 1' presence of:
FlLEO ~MD RECORp~0 +4 4
- i?. LUCtE COUNTY I~tA. ~~n
ROCER POITRAs
CIERK CIRCUI? COUR ~ 's~+n
RECORO Y[RIFIEO
STA7E OF FLORIDA I 5 3~2 PM' 1~
couNn oF St. Lucie
2C341;
se+o.e me personalfy .ppea.ed Paul Beav@r
ROS@ C• Beaver his wife. to me well known •nd known to me to be '
rhe ind~~~dwfs descr~bed in ~nd who executed tl+e fore9o;ry inslrument, and acknowledged before me that they ez~c~ted the same-fw tFr purposes ,
thrrein expressed. Md the said ~OS@ C• B@aVBZ ..-ij~~ ;
~~fe of the said ~1t2 r. BQaver ~'~y'~y~l~~ ~.~iwta
e~am~natan b~ me taken uparate and apart from her said Fwsband, ~dcrwvvledged to snd before me that •he ezecutRd '~~~,~1~r~n~ f~lely„aad volur?~
rar,iy and without any computsion, conftraint, apprehension. p fes~ of w from he~ said husband. :-'.;t',.'.' ;
WITNESS my F»nd snd official seal this_ ~ 3 ~1. d+y of J~~=' `a tr'19~_
. ~ - - yor~ o= =
Notary Public in and fort 1~"y~ry~~
My Comm;uron e~p"uer. ' ~„~,_s' 1 v,~
Return Tp= m ~ p~,,~
Fint F e d e l S avings a Loan Association ~t ~f. ~
j~}y~~ ~:y~~
Of Fort P erce. ~~~~5- . ~ ~ ~ ~
Fwt Pierca Florida k~a.a ai A~Iss~~ ,
' ~ .S ~ / i
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This lnstrument Prepared By Ricl~au[d K. Kayes I
First Federal Savings b Loan Association i
of Fo~t Pierce, Flozida
Checiced By
~QOK ~.~9 ~~~~1589
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