HomeMy WebLinkAbout2160 3. To plan ~nd t~on~Ywanh k~p en N» bwtdi~q~ now a hKNftK whr~N on s~W ~and wd on ~It rqvip~~ ~nd pasa~+Ity cov..ed bq N+u ~na~
pw wilA dl p~iwM tMnon p~d in lvil, fin kaww~c~ m tM vwd N~ndad po1{y fan~ in ~ ~uw~ ~ppo`+~d bp ~M MOR~GAGEE, and wi++d~tan~
iMw~np !n ~Ae u~wl ~tand~.d pWcp lora~ M• wen ~ppowd by 1M MOR~GAGEE. M wcA tonip~ny a cawP+nh~ M tM N?OR1GAtiEE ~wap
drncti ~nd NI fin ~nd w~nd~a.n~ ~+ar~na PoliciM on ~ny ef ~a:d buiWr~~, any inN.Mt N~ein or pKt dw.wf. in ~M pp+e9sh w~+ daeu~d or
M+ ~o~ Nwerot. ~MII con~wn tIK wv~l qw+dwd wa.~pa~ clww a wch alwr Nws~ a~ N» Nb.~p+pN nwy ~p~rr~. nw~i~q Nw bu vnda ~.~d po1F
ciM. ad~ ~nd w«'y. wr~ a~wd MORiGAGEE N its H+h~N1 m+~ pp~w. ~nd ~acl+ ~nd ~w.y wch pwic~? ~hall be p~~W~y a~ p„ad a+d d~~iv~.~d ro
anr iKW b~r Mid MORTGAGEE a fw+M~ secwity a s~id ~o.~p+p~ d~W. «~d na ~.a. ~hae an l~ol d,ys sn .d~.~+c. oi rM ..pw•r~on o1 ~acA policy. ~o dr
liwr b wid MORTGAGEE ~ r~w~l 1F~ro1. wp~~lw with • naipl fo~ tM pnmlww of wch rMewal~ ~nd Mw~ ~hall b~ no fr~ a wi~d~~am in~w~nc~
pl~ad on ~ny of ~aW b~ildinp~. +np in?e.~q ~hw~in a pwt M~~ol. unl~ M+ ~M fwrn a+d wi~A tM bu pay~bl~ w~fa~a~ and in ~M ~wet any ~ww
01 n~w~r b~Op„N ~~p1~ wd~ wd? polic~r p pol;c;a ~aid lNOR1GAGEf shalt Mw ~ op~an w~.ce+w «x! •ppty rM wn~ on «coun~ oi tIw M~d~b~d~
nNS s~ew~d I~~by w b pernwt uid MORTGAGnltS w ne~iw and uw h a~ny pa?t ther~ol fa o~hc~ pur~wse~, w:ihout IharoO/ w~i~i.y~ o. M,p.ir-
~+0 +~Y ~V~f?. Ibn a rph~ w~ a b~r vtrn» of ~hk morrpap~r ~nd in ~he ~wnt s~~d MORTW~GORS ahall fa anr ..+son fail ro k..p +M a.~d p~«n~sa w
k+sw~d` w faq b deliwr praeptly Mryr of s+id PolitiM oi. M'awM?a b H'd MORTGAGEE. w(ail pranptlr b paY 4ully ~~y p~~mivm the~sfp o? in any
re~»a f~il b pMfa~n, diuh~?pt. ~+~~cvte, ~fhct. comPl~ts. oomPM wi~h and ~bid~ by this oovMan~, O/ My p~A IIN~O~, ~a;d MORiGAGEE may p1ao~ ~~+d
WY fa wd~ Yrwano~ w any p+rt tM.wf without waivinp a~ff~etM~p +ih? aWion. ~Nn. e4u~b. a riy6t ve+dN ar by virfw of this Matyap~. a?d fh~
fulf amo~?M o( ~h ~nd w+~Y ~ WY~^~ sh+ll ~ a+wmdi+t~ly dw ~nd p~yaW~ and iha{! bea interas~ f~an th~ d+N rhersof w+ril paid N th~ ~aN ol
nin~ p~? csrthim p~ wwm and toqetiwr with wch intNht th+u b. wcw.d br ~M Iw~ of ~h~s morp+p~.
To p~nnit. aon+ndt a wffa no wasN. bnpairmaW a dstKia~tian of said p~opKtp a a~y pMt t1~~of.
S. To p~y ~li ~nd ~inpular N» eosts, eh+rp~s enei ~xWnw~. inck+di~p a nawn~bl~ a~torrny
s fN and aosts of abstr~ds of title, inc~.red w Mid at
~ny tim~ by s~id MORTGAGEE. Muus~ o~ in tM ewnf of tM (ailw~ on fh~ pa~1 of the said MORiGAGOR ro duty. promptly ~od fvliy pwfwm. d~acM.~.
•xecv». ~ffsq. e~ompl~N, comply with and abid~ br ~ad~ Md averY tM stipulationa, aprs~n,enn, ca+ditions, ~nd coven~nn of ~aid panissory nore ~ed tha
+^e?t~+9~ +^Y w eitl~. and s~+d coaM, d~arpa +~d ~:p~e~es. ~ach and tw~y, shall b~ immediat~ly t!w ~nd p~y~bl~s whNher w no~ rl+e« bs ratice ds
ma?d, ~nempt ro colNct w wh p~nd~np; ad tM full xro~M of wd+ ~rd twry s~xh paymsnt sh+ll bear interpl from the daM tiq~eof until p~id d the
.ate of 11iM ~/!I CMfYT Pff MY1VIDi afl~ iI~ Mld QOffl. C~1M~l~ H1d OIIpMi~i 1lKVttld Of Pil~ ~O~fIFNf w~th i~ch i~ter~st, shall b~ aswred by tM lien of tha
morq+0~.
6. That i~ tM w~nt ot ~ny br~ach of this 1Nort~+~ o~ detault on th~ pa.t of th~ AIIORTGAGOR, a(b) i~ the wc~t any of wtd wms of n+o~eq
hanin nferred to be not promplhr k+d fvliy paid within thirry (30) days next afta the same sewrally becan~ due ~nd payable. without demand a notice.
w W in th~ ~vent ~sch and ~wry th~ stipubtions. +preem~~ls, ooeKlisions a~d coven~nts ot ~a~d promissory note ~nd th~s mortpa~e +~y w ei~he~ ar~ nw
iuh. prompNy ~nd f~lly perforrrnd, dixMr~ed. ~xacvt~d, effscNd, compl~ted, compti~d with and ~bided by, tl~+ in e~the~ or sny svch ~v~ni the aid a¢
qreyate aum ma?fion~d in said promissory ~ott 1Mn re~n~in'ug unp~id, with ieter~st aaruad. and all monsys secured herebr. ~hall beconw dw and WY-
abl~ forthwith, or thareahe~, at tM option of said AWRTG/1GEE, as futly ard compl~t~ly as if •11 of the said wms of money vrero aiginally ~tipulated
ro be pa~d on wch daY, anythinp in aaid promissory not~ or in this Mwpape ro the contr~ry norwirhsundinp: u~d thereupon a thereafter ~t tM optio~ of
said MORTGAGEE, witho~t noric~ or d~m+~d. wit ~t law or in p~ritp, ther~fon a M~ere+fia bpw4 ~y be prosecutad u if sll moneys secw~d hKeby
had matund prror ro in itatitution.
7, 1Mt in tia ew++t thal at th~ bb9inniny of o? at any tirn~ p~nd'iog any wit upon tha Matg+~e, w w foreclow it, a w reform it, w to enfwa ~
paymMt af ~ny daims hereu~de~, sak! MORTGAGEE ihall apply to the Cou.t Mving jwisdiction thereof fw tM +ppoimmer?t of • Receiver, such Gourt sl»II
FwthwitA ~ppoint a nceiwr of ssid mortpaped property dl and si~gulu, includ~ng a~l ~nd sirgula~ the income. prof~ts, issues u+d reve~ves from wMtever
wurce deriwd, aach Md ~very of whicFy it bei~p txpressly unde~stood. a hereby mortgaged af if speufically srt fath and described in the yrantinp a~+d
h~band~m dausea hereof, and wdi Reesivsr shall hrw all the b?wd and effectiva funct~ons and powers i~ anyw~se entrwted by a Cou.t to ~ Receiver, and
wch sppointment shall be msd~ by wch Cowt u an admitted equity and ~ matta of absolut~ ~~ght to ~aid MORTGAGEE, and w~+hout reference ro tM
adeq~acy p lnsdeq~acy pf th~ value of 1he prop~rfy matpsged w to the sohenty w insolvency of said N40RiGAGOR w the defendants, and that such
rents, profia, income, issves and ~wenwa sMll b~ ~ppiied by such Rece;ver ~ccord~ ~to tha lien w equity of said NIORTGAGEE and the practiu of wch
Court.
8. To dvy, pranptly aod fully pN1am, dachar~e, exacvte, effecr, canpkte, comply with ~nd abid~ by e~ch and rvery tM stipulatioos, agreements,
conditiow and covenana in s.d promisswy note and ~ha mon~aQe set fwth.
9. ih~t in tM event the ownership of ths mwt9ayed premiies. or +ny pa~t thereof, becaoes veated 'en ~ person othe~ th~n the MORTGAGOR, tM
MORTGAGEE, its aucussors uw! assigns, m~y, withovt notice to the NIORTGAOR, deal with such successor or successa in interest with reference to this
matyape srwl tl+e deb~ hereby :ecvred in the samt msnner ~s with Mwtgagw withow in any way ritutirg or discharying the Nbrtgagors' liabiliy herr
under w ~pon the debt hereby secured. No tsle of the premises hereby mwtpaged and no forbearance on tht part of the MORiGAGEE w i» tuccesson ~
w auigro and no e:tension of the time fw the p+yment of the debt hereby secured 9iven by the MORTGAGEf a ih wcussors or assi~ns, shall operate
1o rckase, discharye, modify thuge or ~ffect th~ wi9in~1 liability of the MORTGAGOR herein, either in whole or in put.
10. It is specifiully agreed that time is of tl+e essance of this contr~ct ~nd that no waiver of ~ny obtigation hereunder w of the oblipation se-
cvnd hsreby shall at ahr tim~ thereahe~ b~ held to be a waiver of ths terms hereof w of the instrumet~t sec~red herby.
11. In add~tan ro the facga:rg monthly paymenn of princpd and ime~es~ ~equired by the promi:sory no~e secured h~rcby. mwtyagw covenams
and ~grees ro pay a mongagee wi~h exh momhly psYma+~ addirio~?st wm est7rn~~ed by mwtyagee ro be eqwl to 1/12 of-the annwl cost of the follow-
ing:
A-Alt real property taues kvied or auessed against the above dsscribed real estata
B-Premiums oe fire u+d wir~dsiorm inswance as here~n requ:red to be tarried ori the improvemenb sitwte on the above deuribed premises.
C-Premiv~ris on such mat9~ge guar~nty insvrance u mortgsyce shsll from time ro time de~m fif to urry on the loan tecwed hereby.
~ Mwtgagee shail from tirtoe to time ratify mwtgagor in writirg of tF~e amount due and payabk herevnder and such wne shall therevpon be d~e and
~ paysbk on the due date of the ~ext maithly payment and ead+ sucteuivt month theresket until mortg+9ee shatl notify mortgs9or of a thanpe in s~th
f amount. Such wms shail be +pplied by mortyagee towud the payment of re~l property taxes, insurance prem.ums, a~d mortyags 8uuanty inwrance
~ prcmivms. ~ ~ i
~ IN ITNESS WHE EOF, the id NIOR GOR ha herwnfo iet his h~nd ar~d se~l the day ~ year first aforesaid.
~ ~ d` FILED AMD RECORDE4 ' .
~ iT.lUC1E COUM?Y fw~. , • ~ _
lIOCER POITRAS ~ ' .
~ CIERK CIRCUIT C R~ •.-.k .
RECOAD YERIf1E0
t . ,
t . ` '.,a~ 1'' ` .y:
' ,I~ ! 3 a~ = • ~~-e :
~ TE OF FlOR1DA ~ ~M Z I ~`0~~,-~ F~'r~ti ~I.j
r~
COUNTYOF St_ T~~~te 203632 : y: w:~:;•[:;_.
eefore n+e persorwlly spp~ared -~•s.; ~~r~
T.vIIi1 S. I.OCke bis wifs, to rrK we1! .
rl,e incliridusb dewibed in ~+d who ~s~cuted the forpoNg inttrument, and ~cknow~edqed b~fwe me that they execvted' ~.3
lherein ~xpressed. Md the sa
wif* of tM said ~10'i88 Ci. liOLkA ~~J~
exam~ation by me tsken seps?~N and apart from her a~id Iw:bsnd, adcrwvvladped eo a+d befwe re» that she txecuted said kntnxne~ and vol~n-
arily and w~th~ovt arryr canpulsion, wnstr~int, ~ppreM ~ of or from her wid Iwsb~nd
~ WITNE55 my hand and off'Kial s~al d~iis day of /1. 19 ~
~ ~
~ , No»ry blk in u+d fw tfM StaN of Fbrida at lu~
~ My Canmission ~zpires:
RNum Ta
fi?et Fed~ral Savinps i twn ~?s~oc~at;on ~MIY ?Si~~tQ S11~FE GF FtO~:IIA ~ t~
~ Of Fo.t P~e.ca M1L CO~t,~IS.S10N E3(Piit~S tiOY. . l~ix
~ Forf Pietce. Fbrids ~DED fHROUCiH P.s60 D~i67iiM~4i]~ ~
ri-~-y~~
~ This Instrument Prepared By RiChard 1C. 1Cayes
~ First Federot Sbvings b Loan Association
~ • of Fort Pierce ~ FIoY'ida
~ Chedced B
~ $oo~ ~.$9 ~2i53
~ ~ ~ ~t ~8
~ ~y~v ~ 7: y _ . _ . 0 r ~
~~«~°3~~?'~~,.~~`'~_'~~ H Z ~:~?r~~'~` .