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HomeMy WebLinkAbout2152 Te p1~ w~d contkwo~whr kNP on tM Iwildir~ now ot IwNhM ~i1wN on aNd IM~d and on dl puip+yea ~nd pNton~il~ cow?~d b11 Mh awrl¢ pa wi~A all p~wwunM Nwr~on pad in fvU, f~~ inw.a~a ~n N» wwl aw~dwd po~ky 1a~n. tn a w~w approv~d br tM AAOR(W?GEE. and w~nd~~a~w +~wr~.na in Nn wwl •aedad pa~? fa~ N. w~n approrsd b~r ~i~. MORTW?GEE, in sucA company a ca~p.n~ a Nv MOkTGI?GEE w~.y dir~cti ~nd ~N fir~ ~nd w+~d~w.~ MwKara P~~ on Mw ol ~aid b+iW~p~, wryl M?»ns~ tMrein a pan tM.wi. In Nw pq?pa~ sw~ aiaewki a M~~ ~M+~ol. ~MN ooouln Ny u~wl sand~rd morppN clww a wcA otha clww a N+~ JNo?qpN may rpu~n. ~k1no Mr 1ou unda ~~d poN. tiM. MCh M~d wM~l. MYab1~ t0 Mid MORTGAGEE M iM inlMNl ~M~ app~ar. and NtA M~d wNr wch po~kl? ~h~ll b~ promP~hl qs p~vd and d~livNSd M ~ny Mld b~r faid MORTGAGEE a furthK s~cwihr ~o wid mapap~ d~W. and. eot Msf tlwn No (~0) days M adva~cs oi dw ~apira~ia+ ot ~ach palicy. fo d? liwr b~id AtORTGI?(3EE a nn~wd N~of. lop~~lw~ with • noeipt fa the prM?iwn d wd+ r~wal; ~nd ~Mr~ af?~II b~ no fu~ a winds~am Mwwanc~ plaad on ~ny of wid bvild~np~. anp in~a~ tl~ein a pwt tlwr~of. vnMst in tM farn ~nd with N» bs~ p~yabl~ a~fores~~ e.~d in the ~wm aqr sum af ~y b~tp~w pa~r~bb w~ wd~ polity ar policiM wid MORTGAGEE ~h+U Mw tM op~an w rsc~iw and apply tfr sanN on acoum o( tM ind~W~ n.u ucw~d A...sy a a p.~~ s.W MORTGAGORS ro r.aiw and w. h or •ey put lhertof for othe? purpotes. wiihoul threo~ waivi~~ w enpair- rw «~r .q~?~h. IiM a rpM ~xdM a by vktw of N~is nartQ+pq ~nd In tM ~wnt w~d MORTCsAGORS aFwll fa a~y nason ~ail a ke~p ~he sa~d pnmises a ieuvr.d, o~ t.tl a d.liwr promp~N ~ny d s.W poliei.a of kaw.na to s.id MORTGAGEE, a fail pranp~ly ro pay f~11y any pr.m~~m ~herefor w tn any n~ct t~it b pKforn+. d'acha~q~. ~x~a?t~. ~ff~et. compNh. oomplY wi~h and ~bid~ by this cowoeo~, a~ny pan 1+wwf, aaid MORTGI?GEE may pl~ce ~nd WY fa wd~ h~wrant~ ot aMr pkt M~erwf wiM~o~t waivinp ot afhttinp ~ cWia4 ~1en, ~W~t1?. w riCht w+da~ o? by virlw o1 this Mat~y~. and the full .mo~rN of .ach .nd .v..y wd~ p.yn+.at sh.l! b. imn?.diaaly du. .ed p.rabl. .nd sM11 b.a. im.r.,~ hom ~h. daa ~henof w~~it paid at Nw ~an o! nin~ p~r c~nhan p~r ~mum a~d topether with wch in~a~st slwll b~ s~cvnd bp 11w lie~ af thia mat~ay~. _ 1. To pKmH. oommit or wffa no wat~, impakment w detKiowtion of s~id propKty a+nlr part tl+Kwf. 5. To pay ~li and sinpular th~ coats, char~ and ~xp~s. includGg a r~aso~abl~ attui+ejr's (s+ end co~ts of ~bstr~cts of titl~. incu.red a paid a~ sny tirM by aid MORTGAGEE, becws~ or In Nn ewnt of tik f~ilw~ on tM part of 11+~ ssid MORTGAGOR ro duly, prompdy ~nd fu11y paform, d~scharg~, •xecvt~. ~ffect. con?pkt~, eanply w~th ~nd ab+d~ by ead+ and w~ry th~ stipular~oeu, agne.+~en», ca~d~rio~s, .nd covanann ot said prom~sso.y noa and ~h~~ ~ monp~pe +np a ~itha, and ta~d cosb. cM~ ~nd ~xpuaes. each and wKy. alull b~ im~n~dia~ety dw and pay~bl~: wheNw a not ther~ be ~+o~ice de~ • m~nd, att~mpt so collecf or wN p~ndinpt and th~ fvll smount of ~ad~ ~nd awry wch p~ymsnt sMll bea~ a?teresl froen tM dsN tMreof u~til paid ~I the ~ rate of n~n~ pe~ ceetum pa arown+; ~e+d all said oosts, ~Mry~s and ~zpa,ses incvrr~d or paid, ~opetFar with such i~t~r~st, ahaU b~ s~cured by the lie~ of tl+if mottp~D~• . 6. Thst W in the ~vent of any br~+ch of this Mwtyape or defwlt on ths part of the MORTGNGOR. w(b) tn tM went any of sa~d swns of morwy herein r~fprod ro bs not promptly and fully paid withi~ thiny (30) da~ nsxt after the sam~ sswrally become dw ~nd payabk. wi~hou~ demand a eatice, or (V in the ewnt tach and ~wry tM sti~wlations sprNmsnb. ca~ditions ~nd cover~n of said promiuory note and th~s mortpa9e any or eitlw are ~ot iuM. pompNy and fully pKfonmd, dischar9ed, sxecut«i, ~ffected, oompl~ted, compli~d with e+~d ~bided by. tficn in either a any :~ch ~w~t the s~id ag greyah wm meeNio+iad in uid promisswy noro tF~en rem~inin9 vnpaid. with inqry? sccrued, and all ma?eys aecured MrebY, sMll become dw and pay~ , sbk forthwith, a thereafter, at tFK option of said MORTGAGEE, .s f~iy u,d co~kteh as if ~II of the said sums of money we~e orginally st~pulated ~ ro be paid on wch day, a~ythinp in said promiawry ~?ot~ or in this Mortya~ to th~ contr~ry notwithstandiny; and ~hetevpon o? thereaf~er af tM op~~on of said MORTGAGEE, withow notic~ w demand, wit at law or ie puity. Nronfor~ w tf+ereafrer begw~, maY be prosecv~ed u if all maxys secvr~d hereby had matured prwr to iri ir?stitution. 7. Tha1 in the event thst ~t tl+~ begi++ninp of a at ~nr tim~ pend'+~+p any wit ~pon this Mwtyape, o~ to forecbse it, or to roform it, w to enforc~ payment of a+y claims Aa~ew~der. ~id MORTGAGEE sMll ~pply to the Court haviny jurisdsction ~hereof fa ~he appantment of • Receiver, such Caxt shall Forthwith ~ppoint a reoeiver of said mwtysged proQsrty all u+d :in~~lar. includ~n~ all a~sd sirgular the income. profiq. issues and rovenues from whattwr sowce ds~ived. each and every of whicl~, it beinp expressly ue?derstood. is he~eby mwtgaged as if spec~fically se1 ionh a~d described F~ the gr~ntiny and habe~dum clauses I+e~eof, uid such Receiver sl»II FWVe all the broad u~d effectiw fw+ct~o.a aod powers in anywise entrusted by a Cov?t ro a Receiver, and such sppointment sh~tl be made by such Co~ ss an ~dmitfed equiry ~nd ~ matter of absolute right w said MORTGACaEE, and without reference ro th~ adeqwqr a ins~eqwcy oi the wl~e of the property morq~ed a to the solvency or inwlvency of ssid MORTGAGOR or 1M detendan»,- a~d that wch rents, profin, income, issues a+d revenues shall be appMed bY wch Receivsr sccwd'ag to tM lien or puiry of said MORTGAGEE and the practiu of s~ch CouA. 8. To duy, promptfy snd fully parform, dixharge, ex~cul~. eHect. ~tompkte, comply with and ~bida by ead~ and wery tM stiputations, ~greemsnts, conditans and coveou+n in sa~d prom~ssory note and this mortysgt set f8rth. 9_ iFwt in the event the owne*sh~ of the morty~ped p?emises, a u~y prrt thereof, becomes vested in a person othe~ thsn the MORTGAGOR, tlu . MORTGAGEE, iri wttessors and ~stiprq, may, withovl ratitt fo ths MORiGAOR, deal with such suttessor w wtcessor in interest with reference to this mo.tpape a+~d the debt hereby secw~d in tM sseM manna as with Mortgagar without in sny way YjINTIf1~ or diuMrgirg tl+e Mortyagws' liability hero~ under or upon the debt.hereby secwed. No ul~ of tM piemises hereby mortgaged and oo fwbeeran~ a+ tM pan of the MORTGAGEE w in successon w auigns snd no extension of the time for th~ p~yment of the debt hereby secwed 9iven by ti~s MORTGAGfE o~ its succes~s or auiyra, shall operate ro release, discharpe, modify chanpe ot affeef she oriyu+al IiabiGty of the MORTGAGOR herein, eithei in whole a in put. 10. It is spedfically agreed' that time a of the essence of this contract ~nd th~t no w~iver of any oblgat~a? hereuoder os of the oblip+tion se~ cvred heteby shall at any time thereafier be heW to be a waivar of the terna hereof a of the instrurne~t aecvred herby. 11. In add~tion to the forego:~g montMly psymenh of pri~c'pal and interest ~cquired by the promissory no?e secured hereby, mortgayw covenants a~ sgrees to pay ro mortgagee with each monthly payment sn ~dd~rionat sum estimared by mo?tgagee to be eqwl to 1/12 of the annwl cost of the follow- in9a . A-All real property taxes levied o? assesrd against tF~e sbove described resl estate. B-Premiums on fire and windstorm inwrante as herein requ~red to be p?ried on the improveme~ri sitwte on the abwe desuibed premises. , C-Premiums on s~xh mort9age gwraney iruwsnce as mortg+9ee shaN from rime ~o time de~m fit to csrry on the ban ~ecured hereby. Mortgagee shall from time ro time notify mort9agor in writing of the amouM due and payable hereunder and sucfi wm shaU thercupon be due snd payabk on the due date of the ~ext monthly payment ~nd each successive month theresfler until mwtqsgee sh~ll notify mortgagor of a change'in wch amount. Such sums shall be applied bY mwtgapee toward the payment of real p~operty tsxes. 'w~swance prem:un+s, snd mort9age 9uaranry insururce premi~xm. • ` IN W17NE55 WHEREOF, the said MQRTGAGOR hss hereu~to set ha hand and seal'fhs day and year fint aforesaid. i ~':.~S~pr~d,~ {sd~~yd~~ed in ths p..s.no. of= FILEO AN~ RECORQE ~ ~ ` ~ '1 aT. ~uc~E couNnr f~i. ~ • Cl R~K C RCUITR6011RT ~ ~ RECORD YERIFIEO es..q ~ STATE OF FLORIDA ~ I 3~o PH f~~ ~t+~ ~ ~ ~fr t)0 . - ~ COUNTY OF , ST - I11C B . b~fa. ,,,e p.,,an,~y ,p~„and ~ttie AvQry Cl~DtO~~ a Mi~ ~ ~ to m~ well known and knowrt to me to b~ t the k~dividwb described in snd who ~xeaned tM forpoinp instrweent, and acknowladp~d befon me that N~ey ex~cvted tM sarr~ for tM purpos~s rherein ~~es~ed. b~O~C WITNESS my hu+d ~nd ofP~cial s~sl day of /1. D. 19~L ~ ~ / t ~ ~ _ PvWic ~ and fa th~ Staa d Florida .f larq~ ~r Goimiaion ~apirts: ~ Rttum To: • `~~~~~~N~~M~~ir ~IOI.r.. r~..uC„ STe1E OF FWR~QII AT F'irst i~dewl Savirgs i to.n Awociation ,r~~';.~~~~MMISSION EXPIRES SEPT. 1~ ~ Of fwt P~erce. ~ - C/.'~ ~ ~ r N•N• ' ~ ~ ~ Fo.r P~KC.. F~w~d. ~ ~L:._v : > : ~3 t. 3 , ~ Q= ~ #.p - r' . - ~ - ~'Q~~r . - ; p j; ,y ~ ~ ~ ~ : ~ , . _ This Instrume~t Prepared By Jobn W. CA~~~~~ ~,.-as,4,.•~~- ~ First federal Savings d. Loan Assotiation ~ ~ ~ . of Fort Pierce ~ FloZida ~ ~ `f- . '~,~r #/~~~-.5,.,~:: ~ Chedced B .p'.'~i~~•~N'' ~ ~~~f ~ ~ ~ " ~ ~ - - _ _ _ ~ : . ~ - ti ~ r . , . ~~;~'-~~~f~~~, ~ _ = 5 : A