HomeMy WebLinkAbout0549 To p~~n and conti~vous~y 1.eap on ?Ae bu~•d~n~s now aK M~eafte+ utwtc on ~a~d ~snd a~tid an sii eqv~p~~eR~ a:x! pereuna~ly covereo by this ma~
p~, witA ~11 p~em;ums ~htreon pa~d m lull, fire inwr~nce ~n ~he ~swt ~+sn:lerc! No'•cy form, in a s~~m appro+ed by il?r MOR~GAGEE. ~nd windslam
inwr~nc~ in tM us~al sur.dard po~:cy fam, in e sum aDfxoved b~ she MJR1G~:.+iC, in such ~ta+~~~y o~ tanpan~ea as ?h~ 1~ORiGAGEE m~y
di~tcl; and aQ (G• uu! w~nJ~to~m inw~ance {wl~es on any of sa~J iw~~d.~+ys. s~y intarat ~Furei~~ or pait thercof, i~ ~he aggrcga~a sum alacs~id M
in txcess Ihrreof. thsll contrin ~F~s uswl ~~a:id.~d mw~gegc+ ctauw w auch o:hrr c~.+uar as ti~e 'laiyayn may ~rqwre. m~\~ng Ihr w~a ~nckv s~:d poli-
~ies, tath ~nd every, p+yat>~e w saHl h~ORiGAGEE as :s ~ntrres~ rn~y apy~ar, O~KI rdch ~ud e~rry such po:~c~ sha~l i~ N~omyt~Y as~g~~rJ a~d de~~vered ro
•ny oaW by faid MORIGAGEE as ~wihc~ srcwity to esid mor~y~ye d<b~, and, ~ue !ess d~en trn ~IJI Ja~s in ad~~~ke of tF+e eapuat~w~ 01 cach poticy, lo de-
~~ve~ te seid MORiGAGFE a re~kv~~i tl~errol, to~e~htr with • rrcr~pt tor the pr.•m,u,n o} wch ~en~w~~; a~:J U~ere shall be ~w h~e o~ u~i~idst~~m insu~a~ce
~1xed on any of s~~d bviid~~x~s, any intrresl tF+~YC+n o~ pa•~ Ihe~~o1, ur!eu ~n +t~e fo~~.~ a~~d wnh ~i~e +ose payaLle aa aio.esa~d; aral in the evanl any sum
of nwney becomes payable undcr such pot:q o, po6aes sa~d MORTGA;Fi ah.~N h..ve dw o~:i,o~ ~o ~ec~•~Y•~ and a,~~,•y d~e sou~c a~ acca;~~~ oi ihe u~d:bted-
ness secu~~d l~reby a ro pe~m~~ sa~d MORiGAGORS to ~ec~:ve and use it o~ 3~~y ~,.•~e ..~of tc.. o~~,. r~,w; :,ti~•s. ~.,rt:,,,i ~h,,, ~r w.:~.~ y w~~~:pwr-
ing any equ~ty. IiM w right under or by virlur of this ma!~agr: ancl i~ the evrrt~ sa d!N~~21t;AGORS sh.~ll fa any teason fa~l fo ~ rp Ihe sa~d premises so .
insurrd, a lail 10 deJiver prc.npNy eny ol s.~id poGt~es ol msura+~ce to sn~d A10RIGl1Gtt, o: 1.,•l p:omytiy fo pay fu::y eny p~r~~~w~~ tfic~efw or in ony +
r~spect fail to pe~lwm, d,scha~9e, earc~te, ellrct. ca~~p~rtr, compty w~~h and o5~cie by ~h~s cov.~n; ~t, a any p.+~~ h~rcoi, saed M~JRiG.>GiE may piace a~~ ~
pay fw such insuranc~ o~ sny par~ thereof w~thcwr wa~w~g a affecHng -~ny ou~~on, Grn, eyu.~y, or nciM under a b~ vutue of ~h~ti Atoregage, and the ~
fuil amount of each and e~ery such paymaN sha~l lx ~m~nad~etety due o~~d payeb•r r~~d shet! txar ~mer_sr 1ro~n tha da:e thrreof un~il paid a~ the ~ate ol i
n~~~e pa ttn!um pcr annum and to~rthcr w~!h suib ~ntarctt shaG Fk src~~.:i by thc I~rn ol this n:ortg~go.
To permit, canrt~it ar suffe~ no w:.ste, impa~rrnen? o~ de~crbrafion ot sa~J Nr.pe~ty w any part th,:rco1.
5. To pay all eru! singuta+ ~he costs, chargea and rape~~ses. ~nclud~ng a rt•:,so~:ab!e ae~or~u~'s fer and cos~s of abstracts o{ ~M.~..~d
eny time b~ si~d MORi~AGEE, txtause or in thc evenf of the ladv:r on ?hr .ert ef thr s.,~d trJR(GAGOR to d~~y, pio~~~Ntly arx! (u~lY pr+~o~m, d:xiarge,
e,eecute, efFeU, canV?e~e, to~nply wah and aL:de by each and r.cry ~h~• s~:p~ o'.u~~s. .~~r~•~•:~~,~n's, cc:~eGnons, and cove~.anrs of sa~d peam;sory oote a::d ~hf~
rortqape any w a~txr, ar.d srd costs. cherges and eapenses. rach .,~xi e.•.•~y. sh~:: in ~n. ~,~.i~..t~•+f d~.:r and Fa;at.:r: whe~her or nor rhere be rw~~ce dr
msnd. •ttemp~ io toiiect or surt pr~~d,ng; and ~he iull a~nount ol ea.h a.~d t'J21y s~K6 ~.~,;~,~~:t stw!I L.•ar inr~~r~•sr lrom t!.•_~ da~e thereof until p~id at the
rat- of ~ir.e pc: trntum ~~rr a~in~ n; m~c-' uU sa~d costs, cha~yes anJ c¦u.•~~u~s a~tu~icd or Naad, ta~e~her w~1F+ wth ~ntri<st, sha11 !x setured by the ben o1 11~~!
nfor'~pa~t.
6. iha~ in the event of any brrach of th~s M«rgage or dcf,,,t~ o~~ ~hP ~~•~~r o} t':.• .':,O~~G:IGOR, cr (b) ~n fhe evc~~ any of sa:d sums of money
herei~? refwred ro bc nol pro~nFaty ar.cf fulfy paid v~ithin th,rty t3il1 J~~s ~~~.t a.n r ti.~~ s. ~~e s~:r.e'~y oc:~~•rc. d~~ and paiaWe. wi~lrout cie,nand w notkc. i
or (c) in the event each a~d evary ~he st~F.ulanons, agreements. cond~r~o•.s anJ co.•.nen~s o! seJ ~~ro~~~~ssc,~y nute a~~d th,s nwr~gage any o~ e~ther are not
1~1y, prompNy and fuNy perfo~med, d scharg_-d, e~e~cuted, effcctrd. tompirted, i:vnyLeo y~~~h e~:d ae;~J••J 5y, ttKn in caher a any wch evem t1x sa:d ag
g~egate sum ment~oned in sa~d pronussory ~orr thrn rr~r.a~n:r.g ur.~~d, w:tn i~~~~~~~s~ .:o~i. ~~~d ~no~:r~s sec~red ix~eb~, shali brcwne due aod pay-
aG~e (athwith, w the~eaft.:r, at tF~ opi~o~ o~ taid MURiGAGEE, as fu~~y a~al cu~np:c~c:y as ii all of ~1,.• s~~d wms ot money were ongnaity st~pu:s!ed
ro be pr~d on such day, anyth~r.~ in sad prc,n~sswy note a in ~his Morty~gc ~o ihe co+~trar~ nut,sah~tanJr.~y; and thrr~~u}wn o: thereafte~ a~ ihe apnon of
sa~d MORTGAGEE, w~tho~t oonce o~ drmand, s~it a~ law or in equny, th:~efore or rru:rraf~er bagvn, ~uaY be p~osrcutrd as if all mw~eya secured he?eby
had matwed pr~w to as insl~tuhon.
7, Tha~ ~n tF.e event that et ~he beg~nn;~~ of d at rny t6rn ~r.nding any su~t ~Fc~ ~hle ?J~ortaage, o~ to fo~c:!cse it, or ro rciwn. it, or to enforce
payment-oi anv c~a~ms ht~eunder, sa~d A50RTGAGEE shall appfy to thr Cov-~ F.av6,g junsd.cnun t~w~..•of for the ap~:anunent oF a ffec~:rCLSUtti Cou~t sMll
forthwitF~ appOiM e rccc~ver of sa~d mwtgag ~ prooerty ail and singu!a~, inc.ud~n9 a;l ~nd s:ngu~ar ti:e intome, p~of:es, ~ssues and rerenues from whatever
seurce derived. each er.d rvery of wh~ch, ~e be~ng expressly underarood. ~s ~ er<•i; mu*!yayrcl as ~f spec.f~calty set Iw~h arx! descnbed in tAe g~aa~+ng and
habe~d~m clevtes.her:ot, and svch Rcc~ner shali nave aU tiw b~cad and rfl ~nve (u~~:` u;s and po~nr.s io anywne ertru~ted by a Cou~t to a Rcceiver, anti
s.ch appoimme~~t shai: oe made by svch Court as an ad:*+;ned eqv~~y and a matter of at;so:utr ngM to seid MOATGAGEE, and n~~hout ~eference to the
adequaey or ~nadeqwcy of the val~e of the proNrrty mortyagtd or ~o thr so~vrncv or ,n_uivency o1 sa+d MOkiGAGOR or the detrnd~~ts, a++d that such -
re~n, proF;ts, inca~e, iasues a~.tl reveaves shall be applied by avch Rece~~er ac:ord,ng ~u the ~ien or rqu~ty of said MURiGAGEE and the practice of svch
Court. ~
8. To duty, promptly and Fully per(wm, d~xharge, exec~te, effect, com;~~rte. co~:;piy w+th and ab~de by each and every ti~e stipuiations, agreeR:ents.
conditions and covcnams ~n sa.d prom:ssay oote and th~s rrwxtgagr set forth.
9. That in the event ~he ownership o( the mc~tgaged prem~srs. or anv p~rt tf,.~recf, becornes vester! in a persoo other than tke MQRTGAGOR, the
A10RTGAGEE, irs svcceu~s and aulgns, may, w~f?w~f ra+~ce to the NORTG40R. d~•s~ :wth such successor a wccessw in in~errst w~rh ~efrrence to thia
mortgage and the deb~ he~eby secured ;n the same manner .s with Mertgagor w.tlx~ve in i~,y .ray vit.ating or d~scharging the Morfgagori liabii~ty herr
undtr ot oFwn t1+t dtbt he+eby scc~red. No sa:e of the ptem2xs hcrebr i*+or~g~ged ard no fcroe~rance ~ n the part of the MORiGAC~EE or its succeswr3
o+ assig~s and ~o exre~s~on of ~he ~~me fa the payment of rhe deb~ h~chy s.c~red a~+en by ~he rAORiGAGE'_ er iu successors or ass;gns, aiwll ope•ate
ro ratease, d~uharge, mod~fy chanye or ~ffect Ihe orig~nal liab:l~ty of the MORfGAGOR herem, either in whote or i~ part.
10. It is spec~ficatly agreed ~hat t~me is of the essence of +h~s coniract and that ~o weiver o( any ob'~gat~on hereundrr w of the obligatwn se-
cvred hereby shell at ae?y time thereatrer be held fo be a waiver o: the terms hereof or of the ir:srrument secu.ed herby_ '
11. I~ add r:a~ to the fo*ege mon!h'y paymenis of princ ~at and ~~~~r•esr req~•~r3 by rhe prom sscry no•c- src~~rrd hereb~, mortgago~ eovenanss
and agrees to pay to n~o•tg.agee ~n~~h eacfi menTh~y pay~nent an adu~~onal s:.m ~~sr^ aTed bt ^~orty,gee ie e:;ua~ to i' 12 of !4a annua! cost oi the follow-
A-A!~ real proprrty t.~Rrs leviec'. o+ assessed agai~s! •hc above descri~cd r_al esrare.
B-Fren,~~•rs on t~re ar.d w~r.dsro•m ~ns~rarce as here~n reGu:red to b~ c>•~~• d e~ The .m;.+ov=me~ts s:tuare on tha above described premises.
C-Prem~ums on such mort~jge guaranty insura•:ce es mo•~gagee shaJ fre.r. T R,e ~o :.~ne deem fit to carry on the toan ucured hereby_
Mortgaqee sne'! '•om t~~ne to t~~-:e r.otify mertgagor in w~;tln~ of the a-- oc~t d~•e anJ payabte hereu~~drr and nuch wa~ shali there~pon be due and
~~rab(e on thr d~r ca~e ei rhe ne,t mo~th'y Fayment and each svccessive ~>-c~•+h }F.ereaher ur.til mortgagee sha11-notify mortgagw of a change in such
a~^ount. Such SJTS sti.• ~ e~e ay, :~ed by morrgagee tox-ard the payment of re~! prope~ty taxea~ ~ns~rance prem.ums, m~d mortgage guaranty insurance
r-emiums.
IN YJ!(NE~~ Y.N:REOf sne sa~d MORTGAGOR has hneonto xt his bar.d and sea~ the day and r fir af e'
s;9„~a, s~,:ed a~d d~~;~«~ ~ne P.~~ce of: ' FILEO AND RECOROEO
- sT. ~uc~E couNTr fu?. ~ an
~ RdCER POITRAS r E• O (Seaq
. CIERK CIRCUIT CO
_ RECORO VERIFIEO (S~an
• r
Ju~ I~I 2 33 PM ~ Seaq
S~.+TE dF fIORIDA ~
St Lucie
couNn oF • ~ ,Zl~?~IQg
Before me personatly appea~ed Fr~nk E. .JOj1I] a~
AZlfld M. .10~1fl h;s wiFe, to me weH known rnd krsown to me to be
:he indiv~d~alf descriced i~ and who executed the fotegoing instru~nent, and ack~w~vledged before me that they exewteu the s~me for ihe purposes
the~ein expresxd. And the said A~a M• .j0~]11 _
,N~fe of the ~~a - Frank E. .lOZ1T1 - upon a separate and prrvatt
e¦am~nat~on by me tairn seoa~ate and aprrt from Mr said husba+~d. aclc:+owisdged fo a~d Lefore me that she enecuted wid instrument treety and volun-
tar,ly a~d w~thout any con:pv?sion, constra~nt, apprehens~on fe ef or from her said husbartd. _ ~
WITNE55 my hand and cff~ual seal this__- _ day cf - J~~._- - A. D. i9 71
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Noiary p~blit in and (w ihe SH) e of flQr%~liYi lar~
My Cumm~ssiOn e~pi~es: L _ / /~F~ \ . _ - ' ~
Return To: . ~r~~
Eirst Fede~sl Sa•~ings 3 loan hssoc~at~on ~ : _ ~
OI iort V e~ce ~ ~ ~
fort P~e•ce. F:or~d3
ia.~i• . `
-~_.;j : .
This Instrume~t Prepared ByRichaYd K. Kayes l.
First Federat Savings 8 loan Associat~on
~t ~ort P~e~ce ~ Florida j
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~he~k~ By - ~oa~ 1~3 549 ~
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