HomeMy WebLinkAbout0553 3. To plac~ ~~d conr~nuo„s1y k~ep on ~?r buiid'ups ~ow or Ae+caftN wn?~a on s~~d 1+nd iod o~ aU equ~pmant and p~non~lly covered by ~hi~ mo.p~
~pe. with ~11 prem~vms ~M.con p~~d i~ full, ('u~ i~?uuanc~ in th~ uiwl srardard po1Ky fwm, i~ a sum ~pprov~d by ~he MURIGAGEE. ~nd windi~xm
~nsw~ in tM ~swl ~~andard pol~ey iam, i~ • swn ~pproY~d bY ~M MORTGAGEE, in ~vch company a compames as ~he MORiGAGE[ may
dir~ct~ ~nd ~il fw~ ar~d w~ndsror~.inswanc~ Policies on iny of_ ~aid buildu+pL any inltr~s~ ihaein w p~~t Ihereof, in ~M a~greyae wrn ~for~ia7d or
In ~aceq tht~wf. sha11 coM~in ~he uswl st~~ud matgapM t~avs~ w ~uch aFKr dauw ~s tM Ma~9a~e~ may ~equw~. ~n+kinp ~M Ios~ under ~a•d po~f
ci:s. ~ach u~d ~vKy. p+Yabl~ w sa~d MORTGAGEE ~s ~ts imereit may app~a?. a.,d exA and eve.y ~uch poi~q sMll be p~cmp+ty us9~ad an~ dtlirt~ed ~o
~ny Mid by s~id MORiGAGEE ~s fw~her sec~-iry to s+id ma~q+~ deb~. +^d• ^of les~ Ihsn te~ (10) dsYS cn ad~ance oi ~Fn exNi~aron ol cach pol~cy, to d~-
IivN to said MORTGAGEE • rN+ewal thereof, to~~F~ with a r.xtipt fw Ihs ~ar•ivm of surh ~e~?ewal; an~ ~he~• sha11 be ra f~re a wi~ds~orm iotv:~nc~
pl~pd on ~ny ol s~id bu~ld+rgi. any ~~~erest ths~~~~ w pu1 ~l+ereof, unkss in the for~n a~d w~tA ~h~ toas payahle as afwess:d: ~~+d in th~ ~v~nt sny iwn
of mon~y beca.xs paY~W~ w'de' suc1+ polity or polici~s said JNORTGAGEE shall have tM op~~on ro receive and appiY tha wme on accovnt of tn~ ir~hbted~
neu secur~d Mr~by o~ w pe~mit ss+d MORTGAGORS to receiw and us~ it w any par~ ~hereof fw oiher pu~posrs. .•.iihou~ tha.~b~ wa~vi~y or onpa~r-
inp ~ny pu;ty. I;~n or rght w?der or by vutw of this mors~ape: and in tM wen~ sa~d MORTGAGORS s.bll (or any toason tail to keep the s+~id premius so
ins~+ed, a F~il b del:ver p?omptl~ any oi 3~1d QOIKiN of insu~anc~ to said MORiGAGEE. a fait promprly ro pay fut~y any p.em~um ~herefa c+. in u+y
rosp~ct fail q paforrn, discMrge. eaecute. ~ffsct. complet~, comply with and abids by th~s covcnan~. a any part ha~eof, sa~d AtORTGAGEE may pl~ce •nd
pay fw such inswanc~ or any p~n tMreof witho~?t w+ivinp a~ affectinp ~ny option, lien, eqvity, or ~ight w+der o? by virtue of this Mar~9r9e, and the
full anaunt o( s+ch ~nd ev~ry wtA payment sh~ll be immedi~tely dw ~nd payabte and sF+atl bear inte~esl irom tFa dar~ thcreof vnlii psid tl tM rate of
nins pe~ rMtum pN ~nnum and to~ether wi~A wch inrerest sha11 be secured by tl+e lien of this mortg~ge.
1. To p~rmit, conunit or wf(er ra wast~. Imp~'ument or de~aioration of sa~d property o~ snY WN the~eof.
S. To pay ~tl ~nd sirg~lu ths costs, ch~rpss a~d ~xPaues, incl~ding ~ reasonaWe ~ttwney's tee and costs of absux~s of titls, inc~.red br p~id at
~~y time by said MORiGAGEE, because o~ in the tv~nt of the failwe on ~tie pa~t of the wid MORiGAGOR to duly, promptly ~nd fully pcxform, d~ul+arge.
execvt~, tffect, complet~. com.~ly w~th ~nd ~b:de by ~ach and every the ~tipulanons, agreemrnts, condi~ions. ~nd covenants o( said prom;:iory no~e and this
mort9ap~ ~ny w either. ~nd sa~d costs. charges a~+d expertsss. eath ~nd eve?y. sh~ll be immedutety dve and payabte: whe~her w not ther~ be no~Ke dc
mand, attempt to collect ot suit pend~ng; and tM full amount of each and tverY suth paymeM sMlt beu interest from ~he date thercof unril paid at tht
ra~e of nine per centum pe~ aruw~r.; and all said msts, cMrqes u~d expenses incurred w paid, to}ether w~th such intae~t, ihal: b~ secured by the tien oi tlw
'noat~ap!-
b. That (a) in the eve~t of any breach of this Mort~ap~ w defa~lt o~ the part of tha MOATGAGOR, or (b) in the event any of~ ~a~d swns of naney
herein r~ferred lo be oot prompNy and fully Qaid within tMrty (30) days next afecr th! same severally beco~ne due and payabte, withou~ demand w ~Otice.
or (c? in the event cach ~nd every the stipulations, sgreemsnri, cx+ditian~ and covensnts of sa:d prcmiuory oote and fh~s mo~tgsge any o~ eiiher an no1
ivly, promptly ~nd fuUy perfo~med, d~uharged. eaecuted. eltected. canp~eted. compieeo with arsd a~~ ~y. thcn t~ r.ther o~ ~ny such avent tht sa~d a~
y~egste wm mentqned i~ said prom+sso?y note ther~ remaininp unpa~d. w:th interest acu~.:d. and all moneys secu.ed hereby. ahatl become dw and pay-
sa?~ fwthwith, a the~eafte~, at th~ oprion of said JNORiGAGEE. as fully and cwnple~e?y as if ali of ~F+e sa~d svma of money were agin~lly stipulated
ro De pa~d on such day. ~ny~hing in sa:d promissory note or in this Mon9age to the conera.y no~wiihstand~ng: and thercupon ot thtreaftd a~ th~ opua+ oi -
said MORTGAGEE, without notic~ w demand wi~ at law w in equiry. therdwe a ~hereafter begun, may be prosecuted as if all maieyt secwed haeby
had matwed prw~ to ~n institution.
7. Th~t in tM evenl that at the begiro?ing of o? st a~y time pendiny sny s~it upw~ this Mortgsge, or ta foreclose it, or to reform it, a ro enforc~
nayment of any daims he.eunder, said MORTGA6EE sMll apply to the Cour~ I+aving jw~sd~cuon thereof for ~he appo~ntmem of s Receirer, such Cour~ sh~N
forthwith appant s~Kl~~H Of said mwtgaged property dl and sinpvbr, includ~rg all and sing~lu ~he ir.come, p.ofiu, issues and revenues from wMteve?
source derived. eath and every of which, it bci~g eapresaly understood, is he~cby mw~~aged ~s ?f specd~ca~ly set fa~h and dewibed in ~he prantinq and
habendum clauses he?eof, and svch Rec~iver shall Mve alf thE'broad ar~d efiective funcnons and powcn in anyw~u entrusted by s Cou~t to a Receiva~, aod
s~ch sppointrtKnt shali be ma~le by wch Court as an admitted equity and a r~atter of absolu~e rigM to said MORTGAGEE, and without reference 1o ths
adeqvscy or in+dequacy of tl+~ vslw of the p~operty mwtgaged w~o ~he so+vency or ~nsolvency of sud MORIGAGOR w the detendanfs, and that such ~
ren+s, profits, income, issues a~d revenues shall be sppliec by such Receive+ ecc«d~ny to ~he lieo w eq~itY ol said MORTGAGEE and the p~actice of such j
LovA.
8. To duly, promptty and fully perform, diuharqe, execute, effect, comple~e, comply with snd abide by cach and every the a~ipulations, agreements,
conditans and cova++ros ~n sa~d promissory note ar?d this mortgsge set fath.
9. TF.st in ths event the ownersh7p o( the mwt9s~ed premises, a any part tFxreof, becomes vested i~ a person osher than the MORTGAGOR, th~ 4
MORTGAGEE, its successws ~nd eugns, rt?~y, without notice to the MORTGAOR, dea~ with such succeasor or successd in interest with refe~ence b thia ~
, mort9ape and the debt he~eby secu~ed in the same mamer +s with Mortgago. without in any way v:f~atirg a d~scha~flirg the Mw+yago.s' IiabiGty here- ~
u~der a vpo~ ~he deb~ hcreby secured. No ssle of the p~emisea hereby mortgsged and no fwbearance on th~ part o( ~he MORIGAGEE or iti successws
w auigrh and no exte~s~on of the time for the paymem of tix debt hereby secured g7ven by ~he MORTGAGE'_ o~ ih suceessas c~ ass;gns, shall operaq
to reltas~, d~scMrye, modify ch~nge w affect the W~~M) INbilitY of the MORTGAGOR herein, either in whole or in part. '
10. It is spet~ftcally agreed that time is of the essence of this :w+trad and that no waivcr of any obligat~on hereurxkr a of tM ob:iy+tan se-
cured her~by sMli at any time thcreafter be held to be a waiver of the terms hcreof w of the instrument secwed he~by.
' li. in :dd~tion to ~he fwego:ng monthlY paymenta of pri~t'pal and interest reqvired by the prom~ssory note secured hereby. mortgsgo~ covenanh
end ag~ees to pay to mortgapee with each monthly payrnent ~n add~rional a~nn est~mated by mortgagee to be equal to 1/ 12 oi the annual cost uf the follow- ~
'ng, ~
i A-All reat prope.ty taaes kvied w sssessed against the above desc~~bed real estate.
~ B-Premioms on f~re and windsrorm insurar.te as here~n requ:red ~o be carricd on the improvements sitwte on tF~ :bove d-scr:bed prcmises.
II C-Premiums on sucA mwtgage gwr~nty i.uwance ss rtwrrgagee shsll from nme to time deem fit to car~y on tfie ban sccured hereby.
1Nortgsgee shall ~rom nme t~ time norify mo?tgagor in writ:ng of the amount dve and payable hereunder and such svrn shall therevpon be dw and
Faysbk o~ the due dare of ~he ne~t monthty paymrnt and erch successiwe ~+o~~h inereafeer vr~it mcytgagee shall not~fy mortga9o~ of a charge in such
I amount. Such sums sF.ail be applied by mwtgeyee toward the payment of real property taxes, insura:xe p~em:ums, e~d morigage g~aranty insurance
premivmf.
IN WITNf55 WHEREOF, the sa~d NIORTGAGOR Ms hereunto xt hia hand and seai the day and yeu f~rsf aforesaid_
~Si9ned• Sealed and delivered in tl~e presence of: C~~/l
r ~ (S~a~
: ow er ~n
,
~ ,
. ~
ga e . ow e rs.,q .
jTATE OF FLORIOA ~
. St~ Lucie ~ ~
courm oF
eeta~ ~..~,.ny ~~a~~ Ca r 1 J.. Foxl er .,,d
Margaret M• FO~Iler h~s wiie, to me weil known and tnown to m~ to bt
rha individwls desv:bed in and who exxuted the foreqoirg instrwneht, ~nd acknowledped befwe me that they e:ecuted the sarrw }o~ tF~e purpc~ses
Mar ret M. Fowler
rherein ~:p?essed. And the seid ~
w;~e ~ r~ _ Ca rl J. Ro~?Ier upw, ,,ep,.,~. ,nd priv,a
e,~aminatan b~r me taken separate and aoan trom hrr said husband, atknowledged to end befwe me that she cxecutcd said irotrument~~~ee~Y and volw?~
tanly ~nd w~thout a~y computsan, consrraint, appreh~ns~qy~(w f~u of or from her said husband. i
t
T.`~ J e . t~!~.q ?1 ~
WITNESS my-hand and offidal scal thiL ~ day of =~r•
l}. ~
Yotuy Public in and fw t Sta ~~o~ lor" t~ . -
Ally Comm~ssion expires: 7~~'fi/~ C ,
Reto.~ to: ~0 fllEO 4MD RE " • '
Fint Federal Ssvings 8:osn Associs~ion
ST. LUC~E COUNTr f~! Z ~ry
01 fort P.e:ce- aOCf R FDITRA$ 2
Fwt Pie~ce. Fla~ da RE OAC vE~~ IE~ COU~ ,•~=~~jG.• `
~ .1~rH I ~ 2 '
Richard K. Ka es 3~ PN T~
This Instrument Prepared By y
F~~st Federal Savings b Loan Assoc+ation
of Fort Pierce, Flo tida r~~1~
Checlced By ~
do~K 1S~ . 553
ti~
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