HomeMy WebLinkAbout0002 J. To place and continuously lNp on tM bui'diog~ now a her+aftK ~i~wt~ o~ said land and on al! cquip,n~n1 and pcnon~lly covered by thit mor?9-
p~, with al! pr~mium3 thereon pa~d in ful1, fite imu+ante in tM ususl itardsrJ pulicy }orm, in e ~u~n aN~cvpd by 1he MORfvAGEE, end wind~~am
insw~nce in the usual ~ta~xfa~d po~+cy (am, i~ ~?um ~pp~oved by the MORTGAGEE, in tuch comNany o~ canpanie~ ~s tM MORTGAGEE may
dinclt ~nd a11 tir~ and w~~dstorm inwranca polk~q on any oi sa~d build~nps, ~ny i~~le~eft the~ein or pu~ the~col, in Ihe apgrega~~ ~um alorefaid w
In txcess Iher~of, sA+ll conlain ~h~ usual sfanda~d matgafle~ clwss a such o~her clsufs as the Morlpa~ee mey requ~~s, ma?irq ~he loif unde~ sa~d po1F
Nes, each and every, payable to sa~d M1iORTGAGFE at it~ inte~esl rn~y appsu, ~nd each and every ~uch poLcy ahal! 1~ prompNy ais gnrd ~nd detivQred to
any h~Id by said MORIGAGEE ~s (un6er iecurity 1o said ~r~or~yag~ deb~, and, no~ tes~ ~han :en (10) day in edva~xe ol rhe e~piratton at c~ch po1Ky, ro da
liver to said MORiGAGEE a re~ewat thzreof, topethst with • ~rceipl (w Ihe prrrt~ium of such renrwal; end ~t~rre shatl be ~a 1~re or windstorrn intur~r?c~
p~Ked on ~ny of seid build:r.gs, any intc~est thcre+n ot p~rt lhcreof, vnle» in ihe form and with ~he losa payable aa sto~esaid; end in 1ha •vent any sum
of mw~ey b•,comes payable under fuch policy o~ polKiea wid MORiGAGEE shall have ~he op2~on w racriva and apyiy ttie sa~,ro on accoun~ o( the i~xkbted~
nes• ~ecured heroby a 10 pe~mil ~a~ MOR~CiA~Q$ f0 ~tte~ve ~tt~ ui1 if p eoy part thr:cwl !a ofi~c~ pur~:atc3, v.ilht-~I th_rau~ w~iviij~ O~ unpair-
ing a~y puity, lit~ or riyhl under w by virtue of this mo:'gage; a~d in the event sa~d MORTGAGORS shall (a any reason fail to keep Ihe said premitct so
inivred, or lail to deliver promplly any of said policies of inswente lo ued MORiGAGEE, o~ (ail promptty lo pay fuIly any pren~ium thc~efo~ o~ in any
resp~cf f~il to ptr~am, d+icha~ge, execut~, effect, complete, comply with snd abidr 6y th~~ covenant, w any par~ hareof, said MORiGAGEE may pl~ce a~+d
pay fa tuch iruurence or any part the~euf witlWUt waivin~ or ~ffectinp any optian, lien, equity, o~ ~igh1 under or by virtue of this Matflsge, snd the
t~ll amouot o( esch and every such paynxnt shalt b~ immediately due and peyable a~~d shatl 1xa. intcresi 6om ~he da~e ~hcrco( un~il paid at ~he ~au ol
nme per centum pe~ annum ond to~rthrr with auch intercat ihali be secured by the !ien oi th~s mortgage. '
4. To permit, commit w suffet no wasle, impairment w dctr~ioratio~ of said propeity or eny part thereo}.
S. 1o pay all and singular the casts, charges and expensea, includ~rx~ a raasonable enornry's lee aod costs of abstracts of titfe, incurred o? psid a~ j
eny time by said MORiGAGEE, because u in the event of the imlu~e on the part of ihs sa,J MaJ21GA(',pR ~o du1y, promptly and fu~ly perform, d~icha~g~.
executs, effed, canplc~~, comply w+rh and ab:de by each and every the s~~p~:e+,ona, agree.neMS, cond'n~ona, and cove„a~i~s oi faid p~omissory note and ~hi~
~,ony~;any w ei+her, and sa:d costs, cturges and e~peoses, exh and e~•ery, sha+l be immrd~atefy dve and payeble; whe~her o? nat fhe.s be no~~ce de
mand, attempt to coiltct w suit pend~ng; and tht fult a~nou~it of each and every w<h paymem shall bear lnteres! irom the da~e Ihereol until paid a1 tM
r, te of nine per «ntum p~.~r am,u~r; and aN said cos~i, charges and expenses incuned w pa~d, toyether w~th such intereal, shall be secured by the iien of ~h~s
mortg~.
A. That (a) ia the evcvif of ~ny bieach of this Mortgage or defavlt on rtx par~ o~ el.e MORTGAGbR, o~ ;b) ~n the evero any o1 sa~d sums of money
hcre~n relerred ~o be not promptly and futty paid wi?hin Ih•r~y ~30) days ~iexf aiter thr sa~»e seYCra:1y beco~ne d~e and payable, wiihout dem~nd pr notice,
or (c) i~ ti~ evem esch and every Ihe st~putat~oos, agraemenes, cond~tions and tovensnts of sa.d },ro~~~isswy r.ote ar~d ~h~s mortgaye a~y w ei~her are ~wl
~uly, promptly and fully performed, d~scharged, e~ecuted, effected, completed, comp6ed w~~h and ab~d~d 5v, ihen in e>>hor o~ any sucF? we~t ~M sa~d ~g
g.egate sum mentwned in ssid prom~asory note ~1+~n remain~ng u+~pa~d, weth infercit ac:rurd, and a:i ~noneys secv~rd hereby, shafl betome dua snd pay-
ao~n forihwith, w thereattcr, tbe option of sa~d hIORTGAGEE, ai fu+ly and canptetely as ~f alt o1 thr sa~d suma of money were or~ginally snpulatcd ~
to be paid on such d.;y, anything in sad p~orn~iso~y note or ~n th~i (Horigage to li~r taiua~y n~tw~tLst~~.d„~~; and Shere~pon Ot thcreafter at 1hs Op1iOn p~
sa~d MORTGAGEE, wrthout no+~~e or ~mand, suit at faw or )n eqwfy, tberrfo~c or Ihereaiter begun, may be prosecuted as il all moneys setured hereby
nad matured pr~or to ~ts ~nst~tut~on,
7. That in the avent that at fhe t~y~nning of or at any time pe~xling any suit upon this Mo.tgage. or to fo+eclose it, or to re~o?m it, w to enfo?u
caymertt oi any ca~ms hereu~.dc~, sai~a ..:v.:~vj.^v:i s`.a:': ~.r!~ Cec:rt havi~ rs~:•_t;~„ ~?,,.~„ot lo` the a~~uo~~tmenl of • Re~eiver. such Coun shall
Forthwith sppoint a rece~~•er of said mortgaged proocrty all and iingular, includ.ng ail a~~d smg~tar the irtfome, prphts, isi~ll ar.d reve~uea 1rQm whateve~
seurce der~ved. each end every o1 wh~ch, it be~ng expressty understood, is hereby mor~gaged as specdicaily ut (o~~h and described in rhe p+anti»g and
habrrtdv.n clavses her~f, and s~ch Rtce~Yer shaN hsve aU ~he b~oad and effecr~ve fu~~ct,ons and powers in a~yw~se entrvsted by a Cuurt to a Receiver, and
s~ch appointment shali Ne made by such Caurt as an admined cquity and e marter of absolute r;ght to sa~d MJRTGAGEE, a~d without referente ~o the
adequacy a inadequacy of the val~e o/ the property matgaged o~ to tbe ao,rrncy or ;nsoivency o( said MORIGAGOR or the defendants, and that such
~Pms, prof~ts, incane, issues and revenves shall be appiled by svch Receiver accord~ng to the lien o? eq~ity of aa~d MORiGAGEE and the practica oI suth .
Court.
8. To du!y, promptly end fut~y perform, discharge, execute, effcct, compiete, comply w'rth snd abide by esch and every the stipuiafions, agreemeMS,
co~di~ions and tovenanis ~n sa~d promiaswy nofe and th:s mortgage set forth.
4. That in the cvent the ow~ersh+p ef ~hc mortgag~d premises. a any part thcreof, becomes vested i~ a perton other than the MORTGAGpR, 1M
MORiGAGEE, its tuccessas artd ass~gns, may, wi~hout notfce to the MORTGAOR, deat w~th such successor or u~cceasor in interest wi~h relerente to this '
mo~tgage and the drbt he~eby securet! in the same mann2r as w+th l~to~tgegor w~thout in any way vit,ating or d,uha~ging the Nbrtgagp~s' liability her~-
under w upon ~he de6i hereby secvred. No ssle of the Errm~ses hereby mo~tgayed ard no forbea*ance on tF,e pari oF ~he MORiGAGEE or its iucceuors
or assigns and no e,cre~s~on o~ rF~e time foa the payment oi the deb+ hercby secured given by the MORTGAGEE or ity suttessots or assiyns, shafl OperaN
ro roleax, d~scharge, mod~ty ~hange or afFect the orig~nal liab:{:ty of she MORTGAGOR he~z~n, eithe~ in whoie w in parl.
10. It is spec~fically agreed that time is of the esse~ce of this confract artt~ that no waiver of any ob!~ga~~on Fxreunder w of the obliyaYan se-
cu.cd hereby ihatl at a~y time thereaiter be Aeld to be a wa~ver of the te~ma hererol d of the ins~rument aecu~ed herby.
t l. In add:t~on so the ;orego nr3 monthly paym~nts of ~~in~ ~~a~ and intrresr requ~red by the prom sscry no'e xcured hereb~/, mOrtgagor covenanfs
a~~d agr~s to pay to mo-tgagee with each month+y p~y~.:ero an add~rionai sum esr:t}ated by mortgagee to be eq~a1 to l, 12 of ttie a~nual cos~ of ~he follovv-
ng:
A~AtI r~ai ~operty taars tevi~d a~ assesscd aqai•~st t^e above desaibcd real ei!ate. ~
~
B-Prrn:~u•ns on fue. and winds~orm inwrar~e a: he.e%n rc~qu;red to be ca..~ed on ~he irr{;fOV@TfltS s~tvate on tha above d~scribed premises.
C-PremfumS on svth mortg~ge guaranty :esura~,ce as mortga~ee shal! fre•^ t n:e to ti~ne deem fit so carry on tbe ioan setwed hereby.
Mortgagee sha!! from time to t~me ~elify mortc~agor writirsg of the amoanr due arx! payable hereunder and such sum shalf therevpon be due and
c avable o~ tlre d~e dafe of the next moMh!y paymem a~~d exh suc:essive maith thereafter uctet ma~tgagee shall notify mortgagor of a change in suth ~
~ eunt. Such suma st r.i be app{~ed by mwtgagee toward the payment of real property taxes, insurance prem.~ms, and mortgage guaranty ir.~yrance
~z~emiums. '
!N W1TNE~S tiYHfR:pF the sa~d AtORTGA(',OR hat hereunto xt his hand and seal t~day and year iirsl aforesaid. ~
ned, Se~t and deli ~n t Presence of: FIlEO AMD REC ###000E0 '!I~-;1
iT. ~uC1E Co1~N~~U. ~ • LGI,~~ .n
ROCEA POITRA
- CLERK CIRCUIT COUIIT ~ - ts~.+t
- ! 1~1i = RECORD YERIflEO~ ~n
- ~ 1~ 36 ~'Z~
5?ATE OF fIORIDA ~ ~
c;,t;~tt oF St. LuCie ~
e~r~~ a..o,,,~i,, appeared willie Paulbill. also knam as wi~li~ Paul Hili.~
Rranees Paulhill his wife, fo me well known and known 1o me fo b~
the ind~vidwis dexrit~d irt' and who execu~ed fhe fargoinp irutrumenf, and acknowtedged befwe me that they executed the :~ame fo? the pwfwsq
~hcrein expressed. Md tiK said_.__` _ _ ~1SI1Ce~ ~t1~1~11 ~
+v~lt of the said - wii~~e Paulhiil upon i Kp~rate ~nd priv~b
;.am;nat~on by me taken separate and apa.t from her said h~sband, ackrwwledged to and before me that she executed said inatrumeM freefy ~nd vo~vn~
rar.ly ar~d ~y;thout any computsion, consrraint, apprehension, o~ffear of w irom her said husband.
~l.J~ A ril
WITNESS my hand a~d otf~uai seal thiL_ _ dsy of_ ~ D. 19~~
- Notsry Vub' ~nd fw f i~te of brida at laryo
My Comm ~xpires: ~ , ~ ~ ~
Return To: .
First federat Savi`g• 3 ioan Assoua~:on `t~~~' ~?iir~,:; ~ - , 6,~ 1971c
Of ort F.._rco }.F~; t:.ytcS i:r~].
. fort ~~erce. ilc,~:i.i 1~~ b:::.,rt+A•u:.4+ibtl~"•~~3i7lSir
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This Instrument Prepared By Wa. ~~r~; ~~.T'.,-;~: ~r~
First Federal Savings ~ Loan Association : ~%-,;~A~;x,-`
' of Fort Pierce, Flotlda p'•:-`~~I'Q ~
Checked By,Q~- - ~ ! - .
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