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HomeMy WebLinkAbout0344 ..J. _ _ _ _ _ _ _ _ _ _ _ _ . - r ~ . . .y*:.. z~..~a-~ . \ To plact and conlinu0utly keep o~ ~he 6ui'.dings uow a hereaher ~~~wts on s~ld Iand and on al! equ~p~»en~ and penonall~ tove~ed by thif mo~t¢ ~gs, wi~h •11 pem~umf Ihereon pa~d ~n tull, hre insur~nce in the usual sieiderd po~~ty form, in a su~n aNpru.ed bY ~I~r A~UR~:iAGEE, and windstorm ~nswanca in IAe ~twl s~andard poLCy lo+m, i~ a sum approvrd by ihe MURiGAGEE, in such canpany or canpan~ea as the MORTGAGEE may ~ direc~; ~~d all fire ~nd w~nJstorm insura~ce pol~c~es on any of sa~J (wiid~nqs, any ~nlernal therein or part thereo~, in Ihe ~ggr~•9s~e sum ~fa~said o~ ! fn eacess thereof, ~lwll contain ~he usual s~anda.d matga9ae c~+use or such oihe~ dause ai ~he Alortyayee mey requ~~e, maA~nq the :oas u~~der ~a~d poli~ ~ cies, each snd every, payabt~ Io aa~d A~ORiGAGEE a~ ~ts ~me~est may appea~, end each ~nd overy such ~wi~cy ~hall 6e promp~iY au gnrd and delivcred to ~ •ny held by said MORfG/~GEE as iur~hrr secuNry to said ~~tio+~gag~ drbt, end, not lefs ~ha~ Ien 110) days in advance oi ~he eap~~at~on o1 cach po0ity, to t1r fver to said MOR~GAGEE a renewel thereol, togetl~cv with a~ece~pt fo~ the prr~.uum o1 such ronew.,l; end tt~rre ~ha~~ be iw ~~re or wi~~dsto•m insurance ~ plK~d on any ol s~it! buildu~gs, any inlerest therein or parr ~hereof, unle~i in the lorm and w~~h the loss payabte as aloresa~d; a~d in the cveM eny sum of mw~ey bccomet payable vndcr tuch polfty or pol~Nes sa~d AiORIGAC;"t"t ~hail have ~i~r oNt~un 1o irce~ve o~~ci a~~~iy ~i~e sa~:~e un at.ou.tit o( tAe indabted- ~ neSi 3KU?ed IKteby O~ fo perm~l ~eid MOR(GAGORS ~o rcce~ve ~~x~ uie il W eny p.~~1 th•_~:ro) lor of+i:~r pw~ a~i•S. v.~ti~v~t ~h'~~ ui w~~.i or n~~pair- iny any equ~ty, lien a riyht undrr or 6y virtur of this h~o:!g+ge; ~nd in Ihr even! ta~d MORTGAGOR$ shall ,`or any rcaso~ (ail to k~ep 1he said Fxe~nisrs so iMUred, O~ fai~ t0 dtliver ptomplly any of said pol+cief OI insurance /o sait~ MORTGAGEE, or fo~l pron:p/ly to pay }ulty any p~e~~~~~~n the~clo~ o/ in a~y j rosExcl fail b pe~(wm, d~szba~ye, execute, e~fecl, comp~ete, ca~~ply w~th and ab~de by th~s covc~~ant, or any palf hveoi, sa~d MGRTGAGEE may plsce a~~d i pey fa such inwrarx~ or any parl thr~eof withool waiving o? a((ectin9 any oytion, lien, equ~ty, or nght u~~Jcr w b~/ vir~ue of this Mo.tgage, and the ~ ivll amoont ol each ~nd e.ery such paymero shall be ~ai~ned~ately due ond peysble a~~d sh~tl bra~ inte~~st.Ira„ the datr thereot until pald at ths w~e ol ~ n~ne per crntum per ~nnum and to~eiher M~th such interrat sheG lx secured by the lien ol Ihif nwrtgage. - t To permit, tommil ot su(iet ra watte, impairmant or drte~+o~atio+i of sa~d property or any pert thereof. S. To pay ~!I and sinyula? tlx cosls, charges and ex~xnses, ~oduding a reaso~eble attornry's (re and cctirs of aLstrec~s of t~tle, incvned or ps~d at any time by said MORTGAGEE, because or in the evenl of the fait~re un ~he Dart of the said MORIvAGOR to du'~y, pra>>ptly and ~v~ly prrform, d~scharge, exrcute, ef(ed, co~nplete, comply w~th a~d ab.de by each and every the stip~lat;o~is, agrie~ucnts, cond~t~d,a, and cove~~aros oi sa~d prat~~;so~y note and thi• .nwtgape any a ei~he~, and sa~d coats, charge~ and eapeosei, each and eve~y, shetl br imim•d~~tely due and ~.ayebte: whe~he~ or not there be nonce da mand, altempt to collect or iuil pending; and the lutl anMUnt of eech and every s~xh pa~ment shall bca• interest f~om ~he date th~rrol until paid al the r.,ie o+ ~~~ne per centum Exr annucn; and all said cosrs, charyes a~~d cr~nnses ~ncwred o~ pa~d, toycther .v~~h such interrsl, shall be sewrrd by the I~en of th~s mat9aps. b. That (a) in ~he event of any brexh of ~hia Mortgage or default on tl~r pa.t o1 ~hc htORTGnGOR, or ;b) ~n the evero any ol satd sums of money i herein refer~rd to be not promp!ly and fully paid within th.ny {30].deys ~xt a~~~~r thc sd+=,e sr.cre!ty b~co•~~e d~e and payabte, w~~hou~ demand or notice, or (c) in the event each and evrry ~he sfiputat~an, MJrMTN~ti, EMX~~hOnt a~d covenants of s~.d yron;issor y netc• and ~h;: nwitgage any or e~ther are nat ~uly, promptly anJ futly performed. d~uharged, executed, elfected, canpleted, canp6ed w~~h and ab~d.~d by. ~hen aiher w a~y such event 11?s u~d ag gregate sum ment~o:~~vi in 3a~d pran~saory note 11irn remaini~w7 anpa~d, w~th inte~r,t ac~wcd, and aN mo~WyS sccure•,1 hereby, shall become due atx~ p~y- ~b:e lorlhwith, or thereaftcr, at the opqon oi se~d MORiGAGEE, as fuliy a~d canptete~y as ii a11 oi thr s~~J a~ms of money wcre w~g~~a11y stipulated ~o be pa~d on svch d.:y. any~hing in sa.d promisse~y rote « in th~s Mortgage ro the cororary notwi~hsta~~dug; a~~d thrre~pon or thermiter at 1he opGOn o} sa~d n.'~RTGAGEE, w~N~e~t ne!~ce or drma+id,. suit at ~aw or in equdy, the~rfore or ~i~rrrlrer bcyvn, may be prosewted as if all moneya secu+~d hereby had mature:~ W~w lo ~~s ~esti+~T~on. 7. TMI in the avent d~at at the beyinning ol or al any time pending any sv~t upon this Mortyage, a to (o+eclose i1, or to re(o~m if, or to enfort~ payment of any cl~~~ns hr~eurid~r, sa~d MORiGAGEE shali appiy to the Co.,r~ havn.g ~u~nci•u:un thereof ior fht ap~w~ntment of a Rewi:er, such Court shall fo~thwith eppo~nt ~ receiver o} s.•id mwtgagrd praoe~ty all and s~ngular, i~xlud.ng aIf a~~d s~ny~Var It~e ir.cmne, p~ofds, is:..ea and revenues from whalever sou~ce de?ived, each and rvc~y of wh~ih, ~t be~ng express'y unders4wd, n herrby mo~~~~,ged as if speofically set forth ar+d dexnbed in t!u gr~n~;ng a~d h~bendum clauses her~rof, and svch Rec~~ver"~halt have a11 ?he broad and rflectwe i~~,cr.o~~s and powen in a~yw~se enu~strd by a Cooit to a Receiver, and s: ch appointmtnl shall be made by svch Cov~t as an adm~ttcd equ~~y and a mefter of absowtr ?~gh~ to sa~d MORiGAGEE, and witlwut referente to ths ~ adeqvacy w inedequacy of the val~e of the property mo~rgaged or to the sa~re~xy o~ ~r~o'venty of said'MORTGAGOR e~ the deiendants, and that suth .enrs, pro:~ts, inco~+~, issuet m~d rever,ves sha11 be appLed by such Rece~ver ac,or~i.~~g ~o Ihe lien or equity of said NIORTGAGEE and the practice of such Court. 8. To du!y, prempely and f~t~y prrfo+m, d~scha~ge, execute, elfect, complete, canply w+~h a~d ablde by each and every the stiputations, agreemenri, condi~iona and coveoaots sa~d promissory nore and this mortg,~ye s~r fa~h. 9. That in the event Iht ownership o( the mwt~aged prem~ses, or any part thereof, betomes vested i~ a person other thsn the MORTGAGOR, tM ~ MOR~GAGEE, its s~cc~asws and assig~s, :nay, withou~ ~otice to the A~ORiGAOR, deal w~th such succrssw « su:cessor in enterest wirh relere~ce to this mo+~gage and the drut I.er~by setured in the same mam~rr as with titio~tgayor without in any way vitSating a d~scharging the Mortgagors' liability herr under w upon ~he drbt he~euy sewred. No sale of thr pren~~ses hereby ~~~ortgagrd ar.d no iorLe.,~a+ue o~ Ihe part oi ihe N10RTGAGEE o~ its successas c• asa~g~s and no e~tensdon of ~he nmr Iw the paymeM of the deb~ hereby sec~.ed g~ven by the MrJRiGAGE~ oc its s~ccessors or assigna, siult operate ro reeease, d.uharge, modi'.y change o+ afiect the original liab.i~ty of the A~.ORTGAGOR I~erein, e~rher in whole o+ in pa~t. 10. It is speu~icaHy agreed that time is o1 1he esx~ce of this contract and that ~o waiver of any ob~~gat~on hereunder or of the obligation sr c~red hereby shall at any time thereafter be held to 6e ~ waivcH oi thr terms hereot w of the instrument secured I~erby. 11. In add:tio~ to the forego n~ ~*~onth!y paym.nts of p~inc pal and ~nterest required by the prore~;sstry note secvre~; hereby, mortgagot tovenants ~r.d agrees !o pay to n:o:tgagee with ra.h monthiy pay~.:ent an edd~rional sum est~mated by mortgagee to be equal to l, !2 of tne annual cost of the folbw- n~` A-A!1 ~eal prope:ry taxes levie;'. or assessed aga~•~st thc al•ave desc~~b~d r,al estate. ~ 6-Prrn,~u~,~s on t~re an~ w~ndsie-rn insurarce as here~n regv.red to be canird en t!x hn;:rovements s:tvase on ihe above described prem~tes. C-Premivms o~ such mc: t;, :ge guara~~ty ~r.surar~ce as mortgagee shal! irorn t r.,e to time deem 1it to tarry on the toan secured hereby_ { ~ Mwtgagee sha:~ `•c r+. to nmr ncr~fy mortgagcr m writ~ng of the a~r.o.~~t dve and payab!e herzus~drr a~:d such sw~ shal! thrrrupon be due and ~~.able on thr dve date o4 tnc ~•t:.t month!y payment and each successive month thereai~er ur.ril mc~tgagee ahall not~fy mortgagor of a change in such i ~-.cuM. Such sums s~ apf :~eJ by rnortgagee toward the payment of real property taxes, i~wra.zce p~em.ums, and mortgage guaranty insurance n•emiums. ~ IN WITNESS Y+HfF~_v~ rhe sa~d MORtGAGOR has hereu~to xt his hand and scal the day and year fi:sl aforesaid. [ $'syned, $ealed a delive~ed in the presence of: ~p ~ ~~~Y~i . ~t,~, ~ ~''Q'C cs..o ~ cs~,~ ~ ~ - - (Se+O ~ S~ATE OF FLORIDA t ~ ~ : ~~u~n oF ~t . Luc ie ~ ; Befae me penonally appeared JO:'lIl ~arineau „d ~.Mgaret P. Farineau his wi(e, to me well known a~d known to me to bs rhe individwts deuribed in and who executed the foregang instrument, and acknowtedged befwe me that they executed the same iw the purposes ~F:e•e~n exprased. And the sa~d_. Mar~aret P. Farin~3~~ ' ?e of the ssid JO~lI: yarineau • ~P,,, a sep+rate and pr7wt~ e.am~n~tion by me. ta4en sepa~ate and apart from her said husband, acknowledged to and befwe me tfiat ~he exec~ted said instrument free:y aad voluo- ra•~;y and w;tiwut sny compufsion, constraint, spprehens:on, or fear of or from her said husband. ~ WITNESS my hand and oftic;ai seal this___y~.~__ day of _ - A. D. 19 7~ ~ ~2 ' Nota~y PubGc in and for the Ssate of Fbrids st lar~e ~ My Comm~ss~on eapires: ~ Rerum ro: NOTAAY ?UBLIC~ STATE OF fLORI~ AT 1AR~ ~ first Feder~l Savin s a loan Associat~on . ~ e~~~,, ~ ~ Of Fo t F e-ce. COMMIS~.1N EXPIRES S~ E T f~ 197.7 ~ ' ~li~. ; ~ ~ sONDED IWW fi@ w. ._y ~ Fort ~~~rC~, Flor~da r 3 ; J ~ .4 • ~O~v . . ~ - ~ ~ ~ a= ~ ~L~ J•~~': ~ FILEG lINO ~ECORDEp ~ ~:`y y-~ j'~~.{ : _ ST. LUCIE COUMTY FLA. ~4 This Instrument Prepared By Jc hn ~i7. Cb~{~~ E-~ • r~ : ROCER POITIlAS ~ ,n • ; v~ 4 : ; CLfRK CIRCUIT COUIIt ~ ' First Federal Savings b loan Association ~y .y'•.~~ s... : RECORO YERIFIED~~ ~ of Fort Pierce~ Florida S•;'~ Jiq~1~~:n~~~~~~~ ~ ~ ~ ~"'~~"J ArR 30 I ~a PN tl c°~ ~ Checked B~i___--- ~ ~~~e~ ~ ~ ao~192 344 ~ ~ - . . - - _ ~ r ~ - ~ . ~~~.~±~~.~:~i.c-~-~ . -