HomeMy WebLinkAbout1541 To p~sc~ •~d contin~ous~r k~~P a+ tM bu~'di~+ys now a Mr~aft~r ~i~uate on s~~d Isnd ~nd on •II equip~n~nt and p~r~on~lly covered by ~hi~ mat9•
~g~. with aU p+em~~mf ~hereon pa~d in full, lin inw~~nc• in the uiwl ~~a~dard pohcy fo.m. in a sum ap;aoved by Ihe MORIGAGEE. a~,d windsto~m
~nf~rance in Ih~ uwat standud pol~cy fa~n, in • wm appro~ed by tM AM~RTGAGEE, in such :on,pa~~y or cornpsn~ea as ~he MORIGAGEE may
dlrtch ~nd all (ire snd w~nd~w~m i~suranca pol~ci~~ on +~Y of ia~d bvild~nqs, ~ny in1~r~~t Iherein w{~~t therrol, in the agg~r9att sum •for~~aid o~
in •xt~a ther~of. thall contain ~he uswl ~~~nderd mort~ay~e cl~ui~ w fuch other claui~, IM Murlgeyee nuy ?eqwr~, mali~p Ihe io» under f~~d poti-
rei, tath ~nd every. P+Y~~I~ ro said MORTGAGEE ~f ~K imerest may appca~, ~nd c~ch and every svch ~xahcy •hall tx prom~~ly a» y~~ed •~~d delivcred to
•ny held by said MORfGAGEE at furiher iecurity to taid mo~~p~ge dnb~. •nd. not less ~hen tun i~0) da~s in advance of the eapi~enwi of each poGty, to d~-
I~v~~ ro uid MORTGAGfE • ~enewal the~eof, ~oqe~her wi+A a rcce~pt fu~ the premwm oi ~uch renewol; and ther• •hail tx no hre o. w~nda~orm iniu~~nca ;
placed on aoy o) said b~ild~nys, any ioter~tl the~~in M pa~t Ihereof, unlsss in the fo~m a~d wi~h Ihe losf payable as a(o~eseid; and in the •venl any sum ~
of mpney betomes payablt uods~ such policy w polecaf taid MORTGAGEE ~hall have the opt~on to reteive a~~d apy~y the seme o~ etcou~» ol Ihe indebtrd- ~
ne?s secur~d hereby a to pe~mit s~id MORTGAGORS fo receivs ~nd us~ it a~ny µ~~l H~rr.wf for oth^r Hur~ o~~•s, v.~Uw~t th,.. ~n.,~.~ ~7 0~ u~~p~+r•
irq any pu;fy, Gtn or ~~9hf unda a by virtw oi tAis mo:tyaye; and in ~M eveM ~a~d MORTGAGORS shall fw eny reasoo ia~! lo krep ~he sa~d premi~es ~o
~nsured, or (ail lo de~rver promplly ~oy of said pol~cies of intur~nce fo si~d MORTGAGEE, or lai; prom~lly fo pay fuRy any pre~n~um thc~rfw or in a~y
~~~~xct f~il ~o p~r~wn4 d~schufle, l1KNtf. ~fl~ct, comolete, comply with ~nd ~b~de by th~s cove~~.+m, o~ any pe~~ h~~eof, sa~d MORiGAGEE may place a~~d
paY fo~ tuch insu~~nt~ w any pa?t tMreof without w~ivinp d•Hec~irq any oplwn. li~n, equ~ty. or right unde~ w by virtue oF thls Mortgaqe. ~nd the
f~11 ~moum o( ~~th and w~ry such payme+U thall be immed~~tely d~e and p+yabla u~d shall be~r intcr.•st from the date thercof until p~~d at the rate ot
~~ne p~r cMtum pK annwn and to,~e~her wiih ~uch interest shaN lx securtd by Iha lien o( Ihis mwtgage.
To p~rmit, tommil or su(fer no wa~t~, impairment a deterioratia~ of sa~d property w any part thereof.
5. To pay ~II ~++d ti~+gul~r the costs, tMryes and expensea, includin9 a reewnsble •t~orney'~ fee and costs of ebs~racts o( title, incuncd or paid at
any time by s~id MORTGAG:E, becauss a in ths event of the fa~lure on the pa?~ of tM ta~d MORIGAGOR to d~Iy, pranptly and iully perfwm, d~scharg~,
rxecut~, ~ffect, comptet~, cm+ply wAh and ab:de by each and every the stipulanoni, agrre~~~ents, cond~t~ons, and covenants of sa~d p~an~isory note snd th~i
n~ongap~ any or ~~~her, and sa~d cosn, charpes ~nd expeases, eacA •nd every, shsll be imm~d+~tety due ~nd payeblc; whether or not rhere be no~~ce d~
n+and, attempl 1o co~lecl a ~~il pend~nq; and fAa full ~rnou~t of each and eve~y such payment shall bea. interes~ irom ~he date Ihereof until paid •1 Ihe
.a~e o~ ~in~ pt~ tent~m prr a~~+~m: and all said cotts, char~~ ~nd eapenses incu~red a peid, ~ogrthe~ wuh such m~ereal, shall be secu~ed by the Len of ~h~s
mortQap~.
6, Th~t (a? in 1M ~vent of any breach of this Mwtysq~ w de(sull on the part of the MORTGAt',pit, or (b) in ~he event any o( aa d aums of money
hrrein refeared to bs nol pranptly and fuUy paid w~~h~n M~~?y (30) days oex~ after the aame severally becane dve and psyable, witFau~ demend w notice,
or (c) in tM event e~cA ~nd ~very the stipulatwns, sgr~ements, carxl~tian e~d coveoanta of ss.d prom~swry note and ~ha mo~tgaqe any or e~ihe~ are not
~;,ly, p~anptly ~nd Ivlty perfamed. d:scMrfled. tascutcd. •fFected, tanpleted. cortsp6ed w~th ~nd ab~ded Sy. tMn in eAher a any such event tM sa~d ag
~regaM sum mentioned in said prom~sswy no~e then rema~nin9 unFa~d, with imerest acuued, and atl monrys secured hereby, fhall become dw a-~d pay-
eo,e forthw~th, w the~eafier, at ehe opno~ of said MORTGAGEE, as fu~ly a~d comple~ely a~ ii sll of ~hr sa~d sums of money were wyinaily s~~putatrd
ro be pa~d on such day, aoytl,ing in sa,d p~an~sswy note w in this Mwtgagr to ~he connar~r no~withstend~ng; and ~hereupon w thrceeiter at rhe opnon of
i.+:d MORTGAGEE, withovt notice w danand, suit a1 law w in equ~ty, therefore o? there~fter begun, may be prosecuted ss if aIl mo~ey sec~red hereby
n~d ma?~red pr~or eo ~ts ins~~~ut~on.
7. That in the event tM~ at the bcginning ei a at any time pend~ng any w~t upon th~s Mwtgege. a to fo.edose it, or to re~orm it, or to enforcs
paymem of any clr~ms F+e.eunder, said M~RTGAGEE shatl apply to the Courl having ~unsd.c~ioo thercof for fhe a;~po~ntmem of • Receiver, su<h Couri ahaH
forfhwir~ appant s rece~ver of said mortgaged. prooerty +II and sing~la~, includ~~g ad and smg~lar the ir.~ome, prof~ts, issuea and reveR~es Irowi whetever
s;ur~e derived, each and every of whkh, it being expressly undersiood, is he~eby mor~gaged as H speaf~ufly set forth and deacnbed in the 9~antiny and
h~txndurn clavaes hereof, and such Rcceiver shall Mve aIl the txuad and eHect~ve (unct,ons and powers i~ anyw~se entrusted by e Court to a Recriver, and
s„ch sppomtment shall be made by such Cou~t at sn admined equity aod a ma~ter o( absolute r~ght ~o said MORiGAGEE, and w~~hovt rderence to the
edequacy or insdequacy o1 the wSue of ihe p~operty mwtgaged o~ Io ~he so.vency or ,nso~vency ol sa~d MORTGAGOR a the defendants, and tAat such
re~n, profits, income, iuues and revenues shall be appiied by such Rccerver accwd~ng to the Iien w equity of said MOitTGAGEE and the proctice o! such
Court.
8. To duly, promptly and fully perform, d~xharge, e,eecute, effect, comptete, co.np~y w~~h and ab~de by each and every the stiputatiaos, ~greements.
conddions and co~enants m sa~d promissay nofe and this mo~tgage xt forth.
9. That in the eve~t the ownership of the mortgayed premises, or any parl tnereof, becomes vested in a person olher fhan the MORTGAGOR, the
h!ORTGAGEE, it~ successors ~nd esstgns, may, without notics to the MORiGAOR, deal wnh such iuccessor w s~ccessor i~ interrst with relcrence to thi~
mort9age u+d thc drbt hercby sKUred in the same manncr as with Alortgagor without in any way vit:ating w d~uharging the Nlortgago~i liab~5ty hert {
~?der p uFwn the debt herebV secured. No s~le of the Frem~ses he~aby mor~gaged and no for~a~ance on the part of the MORTGAGEE or its successors s
e. ass~gns arxJ no exters~o~ of the t~me for the payment of the debt hercby secured given by the N4GRTGAGEf or ita successws w ass~gns, sha11 operate ~
ro release, d~scharge, mocl~fy change a aff~ct the ong~nal liau,;;ty of the MORTGAGOR herein, edher in whole or in part. ~
t
10. Is is speufically egr~ed that time is of the essence of this contract snd that no waiver oi any obi~gae~on hereunder w o( Ihe obligatan sr ~
ci~red hereby shall at any time thereaher be held to be a waiver of the terms heneof or of the instrwxnt secured herby. :
11. In add:tio~ to the fo~ego ng mo~thly payments of princ pa~ and in*erest requ~red by the prom ssary ro'e secured hereb~, mortgagor covenants ~
a~~d agrees to aay ro mortgagee w~th each monrMy payr~eM an add~rional sum esT~mateit by mortg,igee to be equal to 1, 12 ot tiie annua! cost of the folfow-
„~3:
i A-A!i rFat prope.ty tax.s le+~ed or assQSSed agaenst the above describrd real estate.
B-Pre~,•:.~:,s o~ f~re a~d w~nds~o*m ~nw~ance as here~n reqo;red ~o be carr~ed on the im~rovemeits slt~ate on the above desc~ibed premises.
C-Premwn~s on wch mortg,,-ge gua~anty ir.surance as mortgagee sha~i from t me to t:me deem fit to carry on t~e loan secured hereby.
Matgagee s~+a'I ~~om r~~„e ro nn,e nonfy mor~gagcr ~n wr~t~ng of the amoi,m due and payable hereundrr and such s~~~ shail th.:reupon tx due and
:~yable on the du~ care of the nezt mo~th:y payment and each successive month theresftrr u~:t~l mcrtgagee shall not:fy mortgagor of a change in such
~~•ount. Such wms aFa:~ be app!ied by mwtgagee toward the payment ot real properry tsxes, insurance prem:ums, a~~d mor~9age guaranty insurarxe
; •emiums.
~ IN WITNESS `t1HEREOf. the ss~d MORTGAGC?R has hereun~o set his hand and seal the day and year fint aiwesaid.
E S~yned, ted an 'vered in the prese~+ce o(: _
~ FIlEO AM~ REcORpEp ~ ~a~
~ _ 3t. WCiE COUMTY fLA. ~ "f~-' ~ ° (See~
; 1 ROCER POITRAE ~~,q
a CLERK CIRCUIT CONRT
~ - RECORD VER~ftEO~,~,~~ (Sean
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` S~tiTE OF FLORIDA ~~A~R 11 10 3y aH'7I 2 4 7 2 4~
~ couvTr oF LUCIE
~ Befo~e me personally app~ared Ronald Willi~:
t $tQ111 w~lil~i his wife, to me well known aod known to me to be
~ rhe individwb deuribed i~ ~nd wFa executcd tha fweyoing ins~rument, and xknaw{edged befwe me that they executed the same fa the purposes
- ~herein exp~essed. And the said $t¢lla {~llla3i _ _
x ~;:ie of the saca Ronald willii~f upon • separate ~nd priwt~
~ e.am~nat~on by me ta4en xparate and apert from her uid husbend, acknowledged to and before me that the executed said insrr~ment fre~ly and vol~n-
rt ra+~iy a~d w~thout a~y compulsion, tonit~~int, appreheniipn+or tear of w from her said husband.
~ WIINESS my hand and offic~at ual this__ ,
I~~ dsy o4_ A tll A. D. 19 71
l ~j~~ ~~/taG~~ll /
; Notary P in •nd ~w t State of Florida at lar,pe
- My C ~ss3on expires: ~i~ / 9 7 /
Ret~rn to:
Finl Fedtra! $svings 3 loan Assouat~o~ ~ ~ ~ ~ ~ , . , ~ 1
Of Fort P e~ce . . • .2r7~
- ~ . ~.:t; , . . _ _ ~r11
Fon P~erce. Flor~da -i ; . ' • f' ; - , . . _ . . . ~ 'ra~
, .
_ ~~~~~~iE3v _
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. This Instrument Prepared By Ws. E. Blauit+t 0 ~'"~L'~~.:~," -
First Fe~erai Savings b loan Association ~ J~
; of Fort Pierce ~ RlOSida ` ~
~ ~ . `
+ c. '
" Checked By ~ ~ „ ; ~
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- . "~~K 191 1539
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