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HomeMy WebLinkAbout2262 t To p~~ ~nd commuou~ly ~e~p on ~h~ bu~'d.nps now a Mr~ahM titv~h o++ ~~~d ~~nd ~~.d on a~i eq~~p++en~ ~~d perw~a~!~~ co.e~ed by mor~p. p~. w~1A dl p~~m~umi thereo~ pa~d ~n luli, h~~ ~nfur~~c~ ~n ?M u~wt •~a~d.~d No~K~ form. ~n a wm ap~o~ed br N.e MvR ~~wEE. •~~d w~..d~?am ~mw~++c~ in tM wwl ~~anda.d ~~c~ la~n, iA • fu+n ~pWo~~d by tM MORTGAGfE. w+ wch cw,•ya~y o~ ca~~p~~,t~ ~M MJR1GAi,EE m+Y dNK~: ~nd ~11 (ir~ a~d w~nd~to~in u~w~~nt~ Pa~c»s o„ ~~y ol N~d bu~ld~~ys. ~ny iMas~l there~n or part thrrsc~. in th~ ~yq,eqat~ wm ~Ia~sa~d o~ I~ ~ac~ss thawl, ~MU conuin fh~ usua~ s~anda~d mor~9+9N clavf~ a sucA a1w~ clauss ~h~ Ma~paye~ may ~equu~. ma?~nq ~he ~o?~ u~.d~+ ••~d po~F c~es, ~~cA ~nd ~ve~y. parabl~ M aa~d MORiGAGkE as ~n in~e~ht may ~pp~a?. +nd esch and ~vaY ~~h po,~cy shsll b~ promp~~y a» y++rd •~,d deuva~ed ~o ~ny Mld b~ ta~d MORiGAGEf as IurthK ~eturity to sa:d a~w/p~ debt, and. not I~q ~Mn ten (101 d~~s in adv~~xa o1 ~Ae eip~r~t~a+ ol each pol~tY. to d~ Gwr ~o said MORiGAGEE a renewal ~hKwl, ~o~eihK wirh • r~c~ip~ for the prem~um o1 such renewa~; and ~here ihan I,e no I.re or .~~~~d~~o•~n ~nw~u+c~ Fl~ad on ~ny of sad build~~q,~s. ~ny inter~il ther~~e w p~tt lhtrfOl, unless in tiw fo~m ~nd ~nh ~M ~ou Mvab:e as afcue?~d: and in U+~ e~~nl any •~m of nan~y betoen~s p+~abt~ und+r suth policy w po~~ci~s s+~d AIIORTGAGEE shall i~aw ?M optan ~o rece~ve and spply Me same on account ol ~he i~~d~btrd- n~st ~etv«d her~by a b psrmit ~a~d MORTGAGORS ~o ~et~iv~ and uw it p•ny par~ the+eof tor o~~~~•r Nu~t oscs. ..:~n~„t ih,,, or ~~~~p.:~.- irg ~ny pv~ty, li~n w~ipht w+de~ a by v~~~w of this morsqp~; sed in tM went sa~d MORTGAGORS shall fp +ny reation iail lo keep rhe sa~d p~emik• so iniu~ad, a f~il w dellva pomptly a~y of said polKies of iniur+nc~ ~a s~1d MORIGAGEE, w fa~l promptly to pay fu~ty any pre~~~~um ~he~ef« a~n a~r r~spett t~il 1o pKfwrn, diuMrge, eaetv?~, e~~~tt, tomplete. comPlY with ~nd abids by Ihis tovenan~, a~ny part ha~eol, ~s:d MORIGAGEE may pi+ce •+d paY fw tuth imur~ or ~ny p+rt thereof witAout w~ivinp a sffedi~q op~io~, lie~. pu~ty. w nght under or by vun,e oi ih~s Mor~gape. and rhe full anww?t of aach snd ~vay such paymN+t shall be immediately dut ~~d p+yabt~ a~d tMll beu inte~rst from ihe date thereoi un~~l pa~d a~ ~he rat~ ol ni~e per centum pa a~+wm and to~ethtt with suth inte~esr iMU be secured by t!w lien of tlu~ mortqage_ 1. To pe~mtt, conunit o~ su(fa no waste. impairment a dete~iwa~ion of said properry w+ny part thereof. 5. To pay ~~1 and sirgular tM coatt, eh+~pes and •xPenses. ~e?dudinp s r~+sonabk +nwney's fee and cosrs o( abstracts ot t~tle. ~~curred or pe~d at any time by said MORTGAGEE, because or in the ~vsn1 of the f~iiure on tM part ot tM taid MORiGAGOR to duly, pror.,prly and fulty pi~fwm, d~scharye. ezecute, ef(ect, tompkte, canp~y w~th a~d ~b~de by e+ch and every the stipulat~orts, agreemcn», condino~s, and covenants o~ sa~d promissory note and ~hi~ mort9pe any p eilher. and ss~d costs, cha?9es and ~a{xnses. esch and eve+y, shalt be immed~a~ely due snd payable: whether a~ no~ ~he.e be nonce de mand, attempt ro Colktf or fuit pending; and the full arnount of eath snd ere?y such paymen~ shall bea~ interesl from tFK dste thereof until paid at the rafe ol nina per ce~tum pea annum; and all said costs, charges +nd eapenscs incurred or paid, topether wAh auch inte~est, sha0 be iecurcd by the I~en of th:s mortpa9e. ~ 6. That (a) in the evem of any bresth of this 1Nwtgsg~ w defsull on the part of the MORTGAGOR, o~ ('o) in the event ~ny o~ sa:d wms of money herei~ referred to be not promptly and fully paid w~thin thirty (30) days nexi after tF+e same seYeraHy become due and payable, wi~haw~ demand or notice, or (c) in the evcnt each snd every the stipulations, egreements, conditions and covenaMS ot sa:d p~omissory nore and fh:s mor~gage a~y or ei+hcr are no1 ~uly, p~ompNy and fully pxfwrt?ed, d~scMrped, executed, effected, completed, complied wirh and ab~ded `~y, the~ in e~ther a any such evem the sa~d ag gre9+te sum .menianed in said promissa~y note then remaining unpa~d, with iNerest accrued, and all moneys secured hereby, ihatl become due a~d pay- able forlhwith, a thereafter, at the opt~on o1 said 1NORTGAGEE, ss ful~y and completely a~ ii ~I! of the sa~d w~ns oi money were o~g~nally s~:pulated _ to be pa~d an such day, aoything in sa:d promiuwy ~ote or in this Mwtgage to the tomrary notwi~hstanding; and ihereupon or thereafter at rhe op~~on of said MORT6AGEE, without notice w dsmand, wit at law a in equity, therefore w thereafter begun, may be proxcuted as if all moneys secured hereby had matwed pnw to ~n instit~tion_ 7. That in the evcnt that st the beginning of or at s~y time pendirg any suit upon this Matgage, o? to foretlose it, ot to reform it, or to enforce payment of any claims hereunder, said MORTGAGEE sfiall apply to the Coun having jurisd~ttion thereot for the appo~ntme~t of a Receiver, such Covrt shail Fwthwith sppoint a receiver of said mortgsged proQerty all and singu~ar, includ~ng all snd s~ngui~r tha income, p~of~ts, issues and ~evenuea from whatever source de?ived, each and every of which, it bein~ eapressly u~derstood, is hereby matgaged as if speuiically set futh and desu~bed in th~ granting and habendum dauses hereof, snd wch Receiver shall have e!1 the broad and effecrive funct~ans and powen in anywiee entrusted by a Cou~t to a Receiver, and s~ch sppointment shall be made by s~ch Cou?t as an admitted rquity and a mattn of absolu~e riyht to said MORTGAGEE, ~~d wiehout reference to the adequaty o~ ~nadequacy of the value of the property mwtgaged or 1o the so~vency w i~solverxy o( said MORiGAGOR a the defe~da~ts, and that such renn, profits, income, iuues and revenues shatl be applied by such Receiver accwd~ng to the lien or equity o1 sa~d MORTGAGfE and the practice of such Coutt. 8. To duly, prompNy and fully periwm, dlxharge, execute, effect, complete, comply with •nd abide by each and every the stipulations, agreements, conditions and coven+nt: in sa~d promissory note and this mortgage set forth. ~ 9. That in fhe erent the ownenhtp ot the morlgsged prer*~7ses. o? +ny psrt thereof, becomef vesfed in a person otlxr than the MORTGAGOR, the MOR7GAGEE, its svcceuors and assigns, may, without rrotice to the MORTGAOR, deat with such successor w successo. in imerest .vith refe:ence to this mor~gage and the debt hereby secured in the same manner as with Mo?tgagor wilhout in any way vitiating or discharging the Mortgagors' liability herr under a upo~ the deht heroby sccured. No sale of the premises Fxreby mortgaged end no forbearance o~ the part of the IAORiGAGEE or its successors ~ or assigns and no exre~sion of the time for the payment of the debt hereby secured given by the MORTGAGE' or its svccessws w a:a~gns, shall operafe to releau, d~scharge, rtadify ~hange o~ affect the original liability of the MORTGAGOR herein, either in whote w in part. 10. It is specifiwL'y agreed that time is of the esscnce of this contract and that ~o waiver of any obligat~on hereunder or of Ihe obligation se- cured hereby shal! at any time thereafter be held to be a waiver of the terms hereof o~ of the instrument secured herby. 11. In add~t;o~ to the forego:ng monthly payments of princ'pal and interest required by the p~wn~swry r+ote sec~red fiereby, mortgagor covenants and agrees to pay to mo:tgagee with each momhly payment.an add~rional sum esrimated by mortgagee to be eq~al ro 1; 12 of the annual cost of the foifow- 'ng: A-All real property taxts levied or assessed aga7nst the above described real estate. B-Premiums on iire and windstorm insurance as herein requ:red to be carried o~ the improveme~ts situate on the a4>ove d~scribed premises. C-Premiums on such mwtgage guaranty insvrar.ce as mwtgagee shall from time to time deem fit to carry on the toan ucured hereby. Mwtgagee sha!1 from time to time notify mortgagor in writ;rg of the amount due a~d payable hereunder and :uch sum shall thareupon be due and ~ yayabie on the due date of the next monthfy payment and each auccessive month thereafter un~il rmrtgagee shall notify mortgagor of a change in such amount_ Such sums sh.ail be apptied by mortgagee toward the payment of real property ta:es, insurance pre~n.ums, a~x! mortgage guaranty insurance ~ premiums. ~ {N WITNESS WHEREOF, the said MORTGAGOR has hereunto set his hand and seal the day and year first aforesaid. { Signed, Sealed and delivered in the p?ese~te of: ?~~ss.-~si+ ~~~GE%~ (SesO ess- A. r s Oietrich a~) ess • ~ rnice . etr STATE QF NBW JBRSBY - ~ ~ couNtt c~ Befwe me perso~slly sppeared A Rr~fe~g f]ia~~Ch and ~YII~Ce M Di~trir_h hif wife, to me well known and known b me to be the individvats described ir+ +nd who executsd the fwe~oirg instrument, and scknowledped befwe me tF.at thcy e:ewted tFx aamr~vr~j~ purposes " „--~s;~ rhere~n exp.esxd. And rhe said RorniC,e_M.-~~Qt.=~.Ch j' w~fe of ~he said A. FY~fC~s Di~trieh ,,~,~'~.t~ ;I~d~~S!ivst~ exam~nstion by me take~ sepsrate and apart from her said husband, acknowledged to and before me that she executetl ~i~ volw~- i tardy and without any compulsion, constraint, spprehen}j~ w feu of or from her said husband. ~`r~: Z_ ' WITNESS irty hs~d and official seal thi~ ~3 day of ' 14.,1~ I ~ ~ ~ ' J~ ~ , 1~`~~awn e~p~es: ' f ~y?y s Retvrn To: ~L ? - _ ,.3 ~f.~~!'f J+~~~~ / ~ MY CO ' ' 7S ` k First Feder~l Savings 3 Loan Auociation ' ' O~ Fort P~erce. ` ~ ~ ~ i ~ Fort Pierce, florida - ~ ' ~ i ~ This Instrument Prepared By Nis. B. 8=2?un First Federai Savings ~ Loan Association ~ of Fort Pierce ~ FloYida ~ Checked By ~OOR 1g9 ~~~5 ~ ~ " ` t'`r~' _ _ _ --t--- - - - - - , : _ ~ ~ " ` ~