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HomeMy WebLinkAbout2016 To pt~a ~~d comi~uously iNp ~,n ~Iw bu~ d~~ps -:ow a M.e~ha ~~twh on ?~~d I~nd ~nd on a1; cq~~pne~~ .~d paw~.uy co~«.d b~ ~ti. +wa y~, wi~A dl pr~m~um~ M~~eo~ prd ~n I~il, lu~ ~r,~„r~nc• ~n ~M uwat u•~+d•~d Po~K~ larn. in • s~m aH~wo~~d by ~h~ MORiG+~GEE. ~~d w~~o ~ntwa~a in tM uw~t ~andud pol~cy fan~, in • w~n ~ppro.~d by ~M MORTGAGEf, in arcA canp~ny a can~»n+N a~ fl+~ MORTGAGEE in dr~ur and a11 lir~ ~nd w~?ds~am ~nsuru~c~ polK.p o~ ~ny ol w~d buiW~np~, Mr i~~~r~~~ ~he~e,n w pa~~ tM.wf, p1 IIN ~~It9~1~ ?YT ~faeuid 1n ~acNa d~rr~of, ~?,aU conr•,n ~M viwt s~ar+dud mor~q.~ claas~ w~utti OthN N~vN ~f 1M Maipay~ m~y ~~qu~?~. mdinp ~M ~au v~.JN u«d po c~~s. !Kh N?d OvNy. parsb:~ ro uid MORIGAGEE u it~ 1nto,e~t may a~qar. ~nd e. ~I ~Vefy iuch po~~cy ~Mli b~ p~omp~ly us y*+ed a~+d dei~vared ~ ~n~ MW by ~~d MORiGAGEE ~s 1ur~A.. ~rcv~tr~ ~o s.~d ~w.~ppe deb~. ~nd. nw I~u ~hae tM l10) d~~s in ~dwnc~ of ~h~ •ap~r~~~w? ol ~~ch polKy. ro d~ livt~ b Mid MORTGAGEE ~ r~ewal Ihe~sol. loqetht~ with • ~atsipl fp tM p~~miwe o! tvch re~ewal; ~nd th~i~ iMil b~ rq f~r~ a w~nd~to~m insurant plx~d on ~ny of s~~d build~n~s, ~ny imer~~~ ~M«w+ w pu~ ehKeot. u~l~u in ~M lam and w~~h tM loss pay~bk a~ afw~i~id: and in ih~ ~wm any sun of nwrwy becprnt payable undN such pol'Ky p polKi~s said MORTGAGEE shall Mv~ ~h~ optwn to reta~ve a~x! app;y ~M sartK on KcOUnf O~ tht indsbtrd n~u ucu~ed haeby w fo psrmit ~aid MORTGAGORS /o receivs and us~ it p any pa~~ thereof fer omer pu~E.osrs. w~~ho~f ~h~.. ui wa~.i~.~ o. u„p~~r in9 any pv~ry, IiM w.~ght undar or by virtw of this moss9aqe; ~nd in tM ~venf b~d MORTGAGORS sMll iw ~ny ~easa? (ail Io keep ~he atd pn.nius so iniv~ed, a fail fo deliva promptty a~y of said policies of iniuranc~ ro said 1NORTGAGEE, a fa~J promp~ly to pay fulty ~ny pre~nium therefw a in a~~ respect I~il w pNfam, d~scharge. e:ecure. N(ec~, complere, comply wi~h M+d ~bld~ by tl~is cova~~ant. a~ny part ha~wf, s+id MORiGAGEE may placv and paY ia strth l~wrantr u u+y part the~eof without w~ivin~ w affettinQ any option, liee~, equity. w rigAt uodsr or by virtw of ehi~ MatQaQt, and the tvll art~ovnt of e~ch and every such payment shall be immedi~t~ly dw a~d payabl~ and iMll beu intHest irom tM dat~ ~heraot ~oiil paid at tM ~at~ ol nin~ per centum pe~ an~um and to~e~htr with iuth interest ihali ba fecured by th~ li~n of tAis mwtqaps. . 1. To ptrmit, tommit w suffer no wasts, impai~ment a detcrioretion of said property o? any pu1 thereoi. S. To pay all ~nd sinpulu the cost~, charpes and expanses, includinp a reasonable +ttuney's fes and costi of abstrscts o~ tills, incur?ed w p~id at any time by said ~MfiR,G;: ~:f, becavse o? i~ the ev~nt of the fa~lure on ~FK part of ~t+e said MORTGAGOR to duly, promptly and fvlly pe~form, d~xhar9e, execute, effea, complere, compty w~th and ab:de by each and every the stipuiat~an, sgreeme~ts, conditions, •nd covenann of sa~d prom~ssory note a~d this mortgape any or eithe~, s~d said costs, charges and expanses, each and evsry, shall be immediately due and payable; whether w not the~e be norice de msnd, attempt fo collect w suit pend~ng; and the full anwunt of each and every wch payment shall bea. i~terest from 1he data tlxreof ~ntil p~id at the rate of nine per centum prr annum; and all said costs, charges and expenses incwred w pa'+d, toge~her with such interest, sMll be secured by 1M lien of thif monpags. ' 6. That (s) i~ ihe eve~t of any breach of this Mwtgage p defa~lt on the pa?t of the MORTGAGOR, or (b) in the event aoy of said svms of money herein ~efarad to be not promptly and t~lly paid within thi~ty (30) days neat aiter the same sevtratty becort~e due and payable, without demand w nptice, or (c) in the event exh and every the stipulations, agreemenn, conditions and covenants of sa~d promiuory note and this mortyage sny a either are not ~uly, promptly and fully performed, d~uharged, executed, eifected, completed, complied wi~h and abided 9y, the~ in eitlx~ a any such eveM Ihe said a¢ gregate wm mentaned in said promissory nore then remaining unpaid, with interest sccrued, and all moneys aecured hereby, shsll become due and pay- able fwthwith, w thereafter, at the option of said MORTGAGEE, as fully and completely as if all of the said. wms of money we~e orginally it~putated to be paid on such day, anything in sa~d prom~ssory note or in this Mortgage to the canrrary notwithstanding; and thercupon a thereafter st the option of said MORTGAGEE, without notice o~ demand, wit at law w in equity, tix~efore or thereaiter bzgun, may be prosccuted as if ~II naneyt secured hereby. had matured pr~or to its instituteon. 7. lhat in the event that at the begin~ing of or at any time pendirg any suit upon fhis Mptgage, w ro foreclose it, or to refam i?, a to enfo?cs nayment of any claims h~reunder, said MORTGAGEE shall apply to the Court having jur~sdrctian thereo( ior the appointment of a Receiver, s~ch Ca?rt shall iorthwith ~ppoint a receiver of said morlgaged propefty all and singvlar, inclvd~~g all ar+d singular the income, protits, issues and revenves from wh~tever source derived, each and every of wh~ch, it beirg exp?euly understood, is hereby mortgaged as if specifically ~et fy?th and desuibed in the gnnting and habendum clauses hereof, and such Receiver shall have all the broad and eifective funcnons and powers in anyvrise, entrusted by s CouA ro a Receiver, and s~.h appointmenr shall be made by svcF~ Court ss an admitted equity and a matter of absolute righf to said MORiGAGEE, and witlaut refe~errce to the adequacy w in~dequacy of the value of the properq mortgaged w to tF+e wtvency or ~nsolvency of said MORTGAGOR or the de(endants, and that such rents, profits, intane, issues and revenues shall be applied by such Reteiver according to the lien or equity of said MORTGAGEE and the practice of such Court. 8. To duly, promptly and fully pe?fwm, diuharge, execute, effect, complete, comply with and ab3de by each and every the stipul~tions, agreemenri, conditwro and covenants in sald promissory note and this mortgage set fath. 9. That in the event Ihe ownership of the mwigaged premius, w any part thereof, becomes vested in a person otF~er than the MORTGAGOR, the AtORiGAGEf, irs succeuo?s aRd auigns, may, without notice to the MORTGAOR, deal with such succrsso? o~ succeuor in interest with refere~ce Io this mortgage and the debt hereby secured in the same manner as with Mortgagor witFwut in sny way vitiati~g w dixha~ging the Matgagors' li~bility F~ert under a upon the debt F~ereby secured. No sate of the premixs hereby mortgaged and no forbearance on the paat of the MORTCsAGEE or its successws o. auigns and no exrension of the time fw the payment of the debt hereby secured given by the MORTGAGEE or its successors or assigns, s~'~all operate ~o release, disdwrge, rtwclify change p affect the orginal liaoility of the MORTGqGOR herein, either in whok w in part. 10. h is spec~fically agreed that time is of the euence of this cont~act and that na waiver of any obligation hereunder a of the obligation sr cured hereby shall a~ any time thereafter be held to be e waive? of the terms F~ereof a of the instrumeM secvred herby. I1. In add~tio~ to the fwego:ng monthly payments of princ'pal and interest required by the ~romissory note secured hereby, mortgagor rnvenants and ag:ees to pay to ~rwrtgagee with each monthly pay.nent an add~rional sum est~mated by mortgagee to be equat to i/12 of 1he annual cost of the fdlow- irsg: . A-All real property taxes levied w assessed against the above descrioed reat estate. B-Premiums on fire and windstorm insurar.ce as herein requ:red to be carried on the improvements situate on the above desc~ibed premises. C-Premiums on such mortgage guaranty insurar~ce as mortgagee shall from time to time deem fit to tarry on the loan secured hereby. Mwtgagee shall from ' to time notify mortgagor in writing of the amount due and payable hereunder and such su:n shall therevpon be due and Fayable o~ the due date of t e next monthty payment and each successive month thereafter until mwtgagee siwll notify mortgagor of a change in such amount. Such sums sF.all be plied by mortgagee toward ihe payment of real property taxes, i~surarxe prem:urtu, a mwtgage guarartiy insurancc p~emiums. IN WITNESS W E , the said MO AGOR has hereunto set his hand and seal the day and y r fi Sig led deli ed in the of: . e n an Wi ys Q e~ er an rc--n STATE Of °_'vR~:4. couNn oF PALM BFACH ~ i - ~ra~ petsonally appeared D. J. He 1 i e r j Mar lv s A. He l le r his wife, to me we11 known snd tcrwwn ro me to be ; the indniduats dascribed in a~d who executed the fatgang inst?wnent, and acknowledged befwe me that they exetuted the same fw the purposes therein e:pressed. And the said Marlys A Hel ler • wife of the ~;a U. J. Heller . ~,u examinatwn by me take~ separate and apart from her said husband, acknowtedged to and before me that she executed id i trum rarily and without eny compulsiort, corotraint, appre ion/ ot feu of or from Fxr said husband. ' ~ WI7NESS my hand and official seal thi ~ day of r~ 1 ~ ~y . :Y . Retum To: ~ + ~ j ••s 4 ~-~f i ~ ~ ~ ~s~ ~ ~ fint Ftdersl Savings d. Loan Association ~ . ~~4 ; Of Port P~erce. 3-~ f.r_s ' fort Pierce, Flwida ~ S+•!~rF,l~~ , ft1.E0 ~E ~~rl~t~s - . ~ s~. w~ P y . I10~ C~R~ tf ~ £ This Instrument Pre ared 8 Thomas A. DriSCOll g~EAK ~F~EO t First Federal Savings 8 loan Association Rf~OaD VEa ; ot Fort Piercg F lor ida ~ ~~~~~2 ` ~ s Checked By ~ , ~ 2~03'7 - i ! ~ ~~Rx ~Oi P~~E2014 ~f i . S ~E { ~ [ ~y,.K Ss-"'fily+-r'`F ~z-?"-.. _ " " _ . . - . _ _ . . xi4.''.'° t z~ 3'._ ~..a a,`~,,,~`~^'~.-Y•`-ta--: `r~`~° s.,~`k. : e ~ ~,~t ^ _