HomeMy WebLinkAbout2330 To pl~c~ •nd continua:sly ke~p on the bui,dinps now o? MreaHN ~ilwt~ on said land snd on a!! eqv'~pment •~d p.no~.liy co~ered by M~• ma~~- ~
sg~, with •II pramiums fhe?ed~ paid in full, lire insur~nc~ in the ufwl st~ndard poG~y fo~m, in • ~~m ~ppro+ed by the MORiGAGEE, and windtto~m ~
iniurance i~ ths vswl ~t~ndard poLCy form. in a sum ~pprov~d by tM MORIGAGEE, in wch canp~ny or canpanies as Ihe MO~IGAGEE may
directj ~nd all lir~ ~nd windsto~m insur~nc~ poliues on ~ny of ~aid build~nps. ~ny inle~est Iharo~n or pa~t ~hereoi, in ~he a99rcpare wm •fae~eid w
txte~f thereoi, tMlt contain Ihs usual ftandard mortgsye~ tl~use o~ ~uth o~F~e~ clavtis as Ihe Morl~~gee may requ.r~, meMinq ~t~e Iou undr~ ta~d poli- ~
ties, cach and evcry, payab~e to t~id MORIGAGEE ~f ~tt in~cre~t m~y ~ppear, and each a~d e~e~y such po~~cy shall bs promptly ass gned and delive~cd to
•ny held by uid MORiGAGEE a~ (ur~her security to uid mor~g~fle dabt ~nd, not les~ than 1en (101 dsy~ in ad~ance of ~he eapir.t~o~ o+ esch policy, to da (
live~ fo ~aid NWRTGAGEE • renewal thereof, ~opethtr witA a rKe~pt (w Ihe premium of such renewal; a~x1 tt~ere sha11 Ge no f~re or windfeoren in~ursnce
plec~d on ~ny of said buildiny~, any intcrtst fhere+n a pan thrreoi, unloss in the torm and wnh ~he ~oss payable as atoresaid; s~d in ~he e~ent any sum
of monty becomet payable unde~ ~uth polity w po!icies ~a~d MORTGAGEE shall have ~hs oF~~on to ~ecaivr and appty fhe same on accou:~~ o( the indebtnd-
ness secu~ed hasDy o~ ro permit ~sid MORTGAGORS ro rece~v~ and us~ it w•ny p.,rt rhe«•of tor oi~~~, ~;w~~us.•i, v..~nu~t ~h,~.:,~ LV..1Y~,~ o. empa~~-
ing any tqvity, lit~ o~ right undsr w by virtw oi Ihi~ mo:!flafle; and in Ihe ~veM ~a~d MORTGAGORS shal) for any reason fail to kecp ~hc sa~d pre~n~~es io
inaured, q(ai) fo delive~ ptomptly a~y ol uid pol~cie~ ol insurancc to ssid MORTGAGEE, w faJ pron,pity to pay fully any prrmwm fhc~efw w in a~y ;
respact fail to p~tform, d~uharya, execute, tffect, tornple~a, co~nply with and ab~da by th~t tove~ant, w any par~ hereof, said MGRiGAGEE may place a~~d
pay for such i~suranc~ w~ny part lhereoi wilhout waiviny o~ ~ffec/inp any opl~ort, lien, equ~ty, o~ ~~yh? under or by vi~rue of ihi~ Mcregrge, and the
full arnou~l o} eKh a~d wery fuch paym~M shall be ~m~nedistety due and payable and shall brai inte~cst lrom the date thcnwi uo~il pa~d a1 the rase o~ i
nme per centum per annum and toge~her wi?h such inte~est shalf tx ~ecured by the lien o~ thls mortgage.
4. To pe~mi~, commi~ w iutfer no was~s, impai•ment a deterioration of sa~d property w any pert ttiereof.
S. To p~y all sad aingvlar the cost~, thar9es and e:penses, i~duding a reesonablz anornry't fee and costs of ab~nacts of thte, incurred o~ paid et
any time by sa~d MORTGAGfE, betause o~ in the event of the (ailure on the part ot ~he said MORTGAGOR to du~y, pra~.pNy •nd fulfy pr~form, d~sc?..+~ge.
eaecur~, effec~, compiete, tomply w~th u+d ab:de by each and eve?y the stipu~at,ons, agrerm~nts, cond~nons, and covcna~us of sa~d pion,~asory note and tF~~~
mwtg~qe any or el~her, tnd se~d costs, cMrpes and eapenses, each and every, shatl be imm~d~ately dve and payable; whe~her or not there tx nonce da
mand, attempt to coUect o~ suit pend;np; and the full a~nount ol each and every svch payment shall bear intzresl lrom ~he da~e thereot un~il pa~d a1 the
rare of n~ne per crnfum ~xr annurn; a:~d all said cos~s, cha~ges and expenics incurred or pa~d, ~ogr~hr• w~th s~ch ~mere~t, shall be secured by the 1~en o} th~~
mort9ay~.
6. Tha1 in the evsnr of any brexh o! th;s Mortga~e or defautr on ths pa~t of the MORTGAGOR, a;b) in the eve~t sny of sa:d sums of money
hrreio re(erred to be not p!wnptly ar~d fully p~id wifhin ih~rty 1~01 days next after the sa~»e severa'ty becomr duc and payabte, withou~ demand or notice.
i
er (c] in the eveM each •nd every the stipu(atiw~a, sgreements, condinons and covenams of se•d µromi~so~y no~e a~xJ ~h~a mo~~gage any or ei~her a~e not
iuly, promptly and fully performrd, d~scMrged, executed, effected. compteted, comp6ed wi~h end ab~ded `iy, ihen in e~ther o? any such evem tM sa~d ag ~
g~egat! sum mentqned i~ said promissory note fhen remaining unpa~d. with interest accrued, and a!1 rcwnrys secured hereby, ~hai! become d~e snd pay- !
ab,e (wthwith, or rhereafter, a~ ~he option oi said MORTGAGEE, as fully ar~d complNely as il aii of thr said wms oi money were o~~g~nally s?~pulated !
fo be peid on such day, anything in sa"d prom~sswy note or i~ this 1Nortgage to the contrary ~o~+vithsta~~d~~~g; and ~hereupon or Ihe.eaftcv at the opnon of
sa~d MORTGAGEE, withoul notice or demand, suit at law or in equity, the~efore d tArreafrer 6egun, may be p~oxcuted as if all moneys secured he~cby
nad matured pnw lo ~~s institutron.
7. That i~ ~he event ~hat at the beginnlr,g of or ~t a~y rime pend~n9 any su~t upon rh~s Mor+gage, o~ to (weclose it, w to refo.m it, or to enfores
Dry~~~ a~ any daims hereunder, said MORiGAGEE shatl appty to the Courr havi.tg ~w~sduuon ~h~•reot for the appo~ntment of a Receiver, such Court shatl
FonhwitA appoint a?eceiver of said mortgaged prooerty atl and singular, intlud~ng aIl and singu~ar the income, profds, issues and revenues from whatever
scurce derived, each ~nd every of whech, it be~ny expressty ~nden~ood, ~a he.rby mor~gaged as ~f apec.fica~ly set fo~rh aod descnbed in the granting and i
habendum cta~ses Aereof, and such Reteiver sAsU Mve al~ the b.oad and effecr~ve i~nct,ons and powers ~n anywne emr~sted by a Co:.rt to a Feceiver, and
i~ch eppointment shall be made by such Court as sn admi~ted eq~ity and a ma~te~ of absotute ngM fo u~d MURTGAGEE, and wiehout ~eFerence to the
adequacy a inadrquacy of the vaiue of the p~operty murrgagcd or to rhe so~rency or ins~;vency of sa~d MORfGAGOR a the defendanrs, and ~hat such
ren!s, prof~ts, incara, issues and reven~ea sha11 be appl~ed by such Receiver accord~ng to the Iien or equity of uid MORTGAGEE and the prad~ce of such
Court.
8. To duly, pramptty and ful~y pe:(wm, d~:charge, execute, effecf, compiete, canply with and abide by each and every the s~ipvlations, agreemenh,
conditions and cov~nants in sa~d prom~siory not~ and ~hi: mortgage se~ fath.
9. That in Ihe event the ownership of the martgaged p~em~ses, or any part ther~of, betomes vesJed in a perwn other than tF+e MORTGAGpR, the
MORTGAGEE, its svccessws and assigns, may, without notite to the MORTGAOR. deal with s~ch successor or successor ~n inreresr w;rh ~efe~ence to this
mortqsge and the debt hereby secured in the same manoer as with Mortgagor without in ~ny way viliating or d~xharging the ~dortgagors' Gability A~ro-
~nder or upon the deb~ hereby secwed. No sale of the Frem~xs Fx~eby mortgaged and iw forbearance on the part of the MORTGAGEE or its successors
or ass~g~s and no ex~ension of rhe teme for the payment of the de6t he.eby securcd given by the MORTGAGE~ or its successors or ass~gna, siiall o~ate
ro release, d~xharge, modlly change w affect the origmal liab~t~ty of the MORiGAGOR herein, eitFxr io whole or in parr. }
10. It is spec~ficaliy agrnd that time is of the essence ot tfiis contraU and that no waiver of any obl~gat~on hereu~der or of the obligation sr '
cured ?Kreby shali at any time thereafter ix heid to be a wairer o~ the terms hereof a of the instrument secured herby. i
t l. In add,tlo~ to the fo~ego ng monthty paymeNf of p~inc pa! and interes~ requ~red by the prom'sacry no'e secured hcreb~, mwtga~or covenants f
end agrees to pay to r,:or~gaqee w~ih each monthiy payment ao add~r;onal sum rst~mared by mortgagee to be equai to 1, 12 of the annual cost of !he fo~low-
ing: ~
A-All reai p~operty taars iev.~+ or assessed agaiost thc above desc.+bed rea! es+ate.
B-Fseri:.;,~ns on f~re and wlndstorm insurarce as here~n req~~red to be canied o~ the [mproveme~ta s~tuate on the above doscribed premises.
C-Vre~.+~ums on such mortgage guaranty ~nsurar~ce as morsgagee shall fro~r. ; me to t~~~e deem fit to carry on the loan secured hereby_
Mortgagee sha'I from time to t~me notify morrgagor m writ~ng o~ the amov~t due a~sd payabte herrundrr and svch wm shall thrreupon be due and
c jtiable on ~he due dare of rhe next rnonrhly paymenf and each successive monrh therea{iar urail mortgagee shall nonfy mortgago~ of a change in such
a-,ount. $uch sums sFa!f be applied by mortgagee toward the payment of real propeny taxes, insurance prem:~m.s, and mortgagr guaranty ~nsurance
• e rni~ms.
If+f WlTNE55 WHEREOf. the sa~d MORTGAGOR has Ixreurto set his hand and seal~he da/ a year fint a re id_ ~
, Sgned, Sea~ed and delivered ~o the p?ese~+ce of: fILEO AND RECORDE~ ~
= ~~t f~! ~~6a- ST.LUCIE COUNTrFIA. ;
RO~f~ POITAAS ~
CLEiiK CIRCUIT COUIIT ~ i
- RECORO vEPIf1E0~ ~s~,q
~ Ar 15 12 AM'11 ~
STATE OF FLORIDA
St.Iucie u- 2Q'7`~89
cou;~nr of ;
~ Befwe me penonally appeared JoseFh Peor.i {
and
Blanehe P@OA~ h~s w~~e, to me wel! known and k~own to me to be
the individwls descnbed in and who executed the fore9oiny instrument, and acknowtedged be{we me tRat they executed the same foi tAe purposes
rherein expressed_ And the ssid Blanehe Peoni
w~fe of ~ht said Joseph Feoni
upon • seps.ate snd private
e¦aminat~on by me tafcen separate and apaA irom her said husband, acknowledged to a~d before rn~ that she ezecuted sa~d instrumem freely and voluo-
rerdy and w~thout sny compulsion, constraint, apprehens~on,. or fear oF a from her uid husband.
WITNESS my hand snd officul ieal this- ,[~r~ day of A ril D. 19~.1_
l~ 2-~
Nota.y Vubl;c in ~nd fw the State of Fbrid~ ~t lary~
Nty Commqsion expires:
Rervm 10: ,.•~~•~~~nr~~•,, MOTAit/ PUSIIC~ STAiE Of iWiGO~ Ai LAR6t
Fint federai Savings 3 coan Associat:on '~~~Z'•' ~~,~'•MY CQMMI,riSlON EXpIRES SEPT. Z3, jg7S
Qf Fort V.erce. ~ ~ii ~ ~~1~111 f1~ w. ~iQ~
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Fort P:erce. florida r:~'~ J' '
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This Inst~ument Prepared By John iJ. Col~ J• '
i-.{L Q
First Federal Savings b loan Association ti~
of Fort Pierce~ !~'2orfda ~
~ ~ ~ y J,`,`~.
' • ,~~i.N?~~~ .
Checked BY
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