HomeMy WebLinkAbout2347 To p~~c~ ~nd contwwo~sfy ~ep on ~he tw~.d.rp~ now a lrreai~« Mf~~N on ?~~d ?a~d ~~d v~ ~II eq.,~p~wen~ ~nd pNW~a~y cow.~d bY Mh nw+
p~. w~tA NI prtm~vm~ ~Iweon pad ~n fvtl, hre imv+~~+c~ +n th~ uwal ~~~~d po'Ky fan~ in •~ww ~ppo+~d bp tM NWRCGI?GfE. ar+A w~n~ro
~n~wsnc~ in rM uwal ~~u+d+~d po~.cy lam, in ~ w~w ~pp~oY~d by dw MD~IGAGEE, in ~ucA co.r~pany a co~+pan~ N~M MORIGAGEE w~
dN~c~J a~d aU Iw~ ~nd wr+d~anw inw+~na poIK~N on My of u~d bwM,.,qt, ~ny inb.~s~ rM.e~n a par~ dy.eol, M H» app~p~N wm ~fa~N~d
in ?aceu Mereof. shall con~~in th~ uawl pa.dxd ~na~4pM cl~us~ w~uch o~M~ c~ww u t!v Mw~ppN may ~puw~. ~iw+p N~ fas~ ~nde~ ~ad po
C~!{. NC~1 tvNr. parab~ a ~a+d ~u10R1GAGEE N.t~ ~e11NH) ~Mr a~ tK~1 M~ frNr Wth POIKy ~~NI~ a pfOTPlly i!f Onfd 1t~ dflwNfd t
•n~ MId by u~d MORIGAGfE n lwrh~. wcw~+~ ro w~d mat9p~ d~W. and. ea rhae ~~n (101 dah k+ ad+~nc~ O~ IIM ~ajNr~tipfl 01 fKh pOiKy. ro d
i~w. 1a w~d MORiG~GEf ~ ne~wal tM~w/. toq~ihM wirh • r~cNp1 fa tM p~~iwn ol avch r~new~?: and ~ne~~ ah+fl b~ ra f.~~ a windsram inw~~nc .
p~+nd on r~ny of u~d lwi~d~nps. ~ny iNaK~ tFw«~n w par~ ?hsrwl, vnt~u in ~M Iwm ~~d w~~h th~ bw pay~bM as afa~s~~ds N+d in th~ ~wet ~ny sue .
of nqewy becomet paYabi~ ur~dM wch policy a pol~cro+ said MORTGAGEE shall Mw ~I» op~an ~o rece~w ~~d apply tl» iame on ~ccoun~ s! t1+~ i~dieb~ed
nets secu~ed harby o~ w p~rmit y~id IIAOitTGAGORS to rKeiw and uw it or •ny par~ thereof lor ot~cr ~;veypscs. w~~ho.+1 ih ur wa~~~,~y~ ~~n,p~~.
~ng a.~Y equ~ty. lien w.qh~ unda a by virtw of tAis rnorega~~: ~nd in ~Iw ~wn~ ta~d 1NORTGAGOitS aMll (or ~ny r~ation fail to kKp ~M ~ald pr~rniu~ w
insured. w lail b deliver pranplly any of said pol.cip of intwar+c~ !o s~~d MORIGJIGEE, a fait promp~fy to p+y f~tl~ any piamiu~+ tFw~efor w i~ an~r
~espact f~il W p~rform, d~uMr9e, ~:acut~, effM, tomplet~, comply with u~d ~bid~ by thq cove~ant, Of My Pi11 Ift~lOl, uid MORiGAGEE may pbce ~nd
par fa :uch imurann w ~ny pa?t tM.eof w~rFaut w~ivi~q a affectGp ~nr option, li~n. pu~ryr. w ri~h~ u.dM w by rir~w of th~s Mor~pap~, ~nd ~he
tv11 amour?1 0l each ~nd ~vNY s~+th paym~nt sh+ll b~ immediatdy dw aed p~yabN ~nd sMll bear inMrt~t from th~ daN 1Mrsof ~ntil paid a1 th~ ~at~ ol
n~n~ pa ceroum pe~ annum a~d toge~he~ with such inre~es~ aMl~ b~ secwed by th~ tisn of th~s mort9p~. .
t. To p~rmit, cannit or wffsr no w~st~, impa~~mcnt a dcteriorat~on of ~a~d prop~rty o~ sny part tl?e?eof.
5. To p~y ~II and sinpular ths costa, ch~ryes ~nd axpa.~ses, tncludinp a re~sonabk a~~ar+~ey's (ee and coin of absn~cts oi ~itle, incurred or p~id at
eny time by said MORTGAGEE, becaus~ a in ~he event of th~ failure on the pan of the said MORTGAGOk to duly, prompNy ~nd futly perfum, difcha~9~.
execute, effect. complete. comply wrth and ab:de by esch and eve~y ths stip~latwns. agrcemcnrs, cond~tioro, and eover+ants of sa+d p?omissory nW~ and ~hif
mwryape u~y or eirher, and sa;d costa, ch~r~es uid ~xpenses, each e~d ~very, sl»II b~ immediately d~e and pay+b~e: whe~her w not ther~ be no~Ke de
msr,d, anemp~ ro tollect oi wir p~nd~n9j ~+d tl+e full smo~nt of ~ach e~+d rve.y wch paymen~ shall bsar in~eres~ from ~M dat~ the~eof uoril paid at the
~aie oi nine per ce~tum per annurn; and all said costs, charges and expPnus incurred w pa~d, ~oge?her w~th such interest, ~li be secu~ed by the litn of thw
matysye.
6. Thst (s) in the waet of any txeach of tha Mwtg~ye w default on the pa.t of the MORTGAGOR, a(b) in tM went any of ~aid svms of mo~~y
herein referr~d to bs not promptly a~d f~lly paid within thirty (30) dsys nexr after the same severa!!y bKOme dw and p~yable; wilhoul tkmand or r?otite,
or (c) in the event exh and every ~he it~pulatio~ agreemen~s, cond~tans and coven~n~s ot sa:d p.wnisso?y note and th~s mort9ape ~ny o~ e~ther are oW
iuly, promptly and fully perfamed. d~xharped. executed. effected, complefed, compl;ed with and abided ~y, theo in either o~ any such e,nat tfis said eg
g~egste sum mentior~ed in said promisswy no?e then remaininp unpaid, with intcrest acvued. and all moneys secured hereby. sMll become dw snd p~y-
eble fathwith, Of tF1HHf~N, it the option oi said MORTGAGEE, ss fvlly and completely aa ii all of the said wms of money were originalty stip~rlated
ro be paid on such day, a~ything i~ said prom~ssory note or in this~ JNortgage ~o the contrary notwithstanding; and thereupw~ or thereafter sf tfie op+ion of
sa~d MORTGAGEE, without notice or demand, suit at law w in equity, therefwe w thereafter beg~n, m~y be prosecuted u if all rnaxys tacured hereby
nad matured prpr to its i~titution.
7. That in the event th~t at the beginning of w at any fime pending any wit vpon thn Mortgsge, w to fweclose N, or to rofonn it, w to enforce
payment oi any cla~ma herevnder, said MORTGAGEE shall apply to the tovrt having jurisd~ction thereof for tl+e appointmee~t of a Receiver, such Court shall
Forthwith appoint a receiver of said mortgaged property all and singular, includ~ng all and sing~lar the incomq, profits, issues and revenues frorn whateve~
saurce defived, eath and every of whKh, it beinp expressty ur?derstood, is hereby morigaged as if specifically iet fath a~d desuibed in the granting and ~
habendum clauses hereof, and such Reccirer shall have all the broad and effective funct~ons and powr.s in a~ywise entrusted by a Court to a Receive?, snd ~
wch appointment shall be made by such Court as an admitted equity and a matter of absolute rigM to said MORTGAGEE, snd without reference to the
edequacy a insdequacy of the value of t!?e property mortgaged or to tF~e wtvency or ~nsolvency of said lNORiGAGOR or the defendants, a~+d that such
renrs, profits, incane, issues and revcnues shall be apptied by such Receivcr according to the lien or equity of said MORTGAGfE and the practice of wcF~
CouR.
8. To duly, promptty and fully perform, d'ucFwrge, execute, effect, complete, comply with and +bide by each and eve?y the stipufaYans, agreemeros,
conditions and covenants in sa~d promiuory ~ote a~d this mortgage set forth.
9. That in the event the ownenhip of the mortgaged premises, or any paA thereof, becwnes vested in a person other than the 1NORTGAGOR, the
MORTGAGFE, its succeuo?s end auigis, msy, without notice to the MORTGAOR, ekal with such succcasor a successor in inte~est wi~h reference to this
mortgage and the debt hereby secured in the same manoer as with Nbrtgagor without in any way vitiatit?g o~ diuharging the AI{ortgagors' li~bility htre-
unde~ w the debt hereb secured. No sale of the '
~i~ y prem+ses hereby mwtgaged and no fwbearanu on the par~ of the MORiGAGEE w ib successon ~
or assig~s and no extension of the time fa the payment of the debt hrreby secwed _given by the MORTGAGEE or its succesaors w augns, s~tiall operate
to rekase, d~xharge, modify ch+nge w affect the original liab~lity of tFx MORTGAGOR f?erein, eifher in whok or i~ pa~t.
10. It is spec~fically agreed that tims is of the esxnce of this confrau and that no waiver of any obligation hereunder or of the obligation se- j
cured hereby sAall at any time thereafter be hefd to be a waiver of the terms hereof or of the instrument secured herby. (
t
I1. In add~tia~ to tlx forego:ng monthiy payments of princ'pal and interest reqvired by the prom~ssory rote secured hereby, mortgagor covenants i
and agrees to pay to mortgagee v?ith each monthty payrnent an add~r;onat sum estimated by mortgagee to be equa! to 1/12 of the annual cost of the follow- ~
ing: _
A-All real properry taxes levied'or assessed against ~he above described real estate.
B-Premiums on fire and windstwm irourar,ce as here~n requ~red to be carried on the improvemeats situate on the above desuibed premises. ;
C-Premiums on such mortgage guaranty insurance as mo~tgagee shati from time to time deem fit to carry on ihe ban setwed hereby. ~
Mwtgagee shall from time to time nority mortgagor in writing of the amount due and payable hereunder and such sum shall thereupon be due and
;,ayable on the due date of the next monthly payment and each successive month thereafter ur,til matgagee :hall notify mortgagor of a change in such
a~nount. $uch sums shall be apptied by mortgagee toward the payment of real properiy taxea, insurarxe prem:ums, and mortgage guaranfy insurance
premiumf. ~
N WITNESS WNEREOF, the s+id N10RiGAGOR has hereunto xt his hand and seal the a and year n sf ~
nedi Se~led and ' r ' the presence of: ~
_ 1 C~_[ 2 P~ . ~
' `n
STATE OF FLORIDA ~
St . IuCfe
,
couNrir oF
! Befwe me penor?ally sppeared J98S@ J. QtI8C~C8AbLZ8t1
j ~2'~@ QI18C~[9IIj7t18~1 his wife. to me welf known a{~ k~~wr+ to me to b~
! rhe indiv;dwls descr;bed in and who executed the foreQoiny instrument, and ~ckrwwledged before me that they executed.i~ir~~~_'~ pwposes
rherein expressed. And ihe saicL ~fe Qnaeloenbnsh .
wife of ihe said ~889 J~ Qnaekenbush ' •r~
..,.~"upyq~?.• sepR~~t.~fM~l Privet~
exem~ostwn by me taken separate and apart from he~ said husband, adcnor,(edged to and before me thst she executed~a~d~sfrument~fre'~
iM) volv~r
ra.;ly and withovt iny computsion, constniM, ~ppre or. fear of a from ' husband. .
WITNESS my_ h~nd and official se+l this ~~~~L ~y o{ ` d 2''~l ~ `1 .~y~
! ' 1 a~~ ' - ~
Notary Public in x~d fot tfi~ • .
. My Commissan ~xpira: - . • ~
Return To: ' ~ - ~ •
. '"i~,,,~..
Fint federal Savings 3 loan Association ' ~
Of Fort P~er~e. NOTARY PUBUC, SfATE ~ R.ORIDA ~t URGE
Fort Pierce. Florids 5i1f OOfi1MISSION EXPIRES $Epi, 25r ]97~
:~1d M 11eNriall 6~s Insunpo~ t~.
/~0 ANO RECpROfO ~
This Instrument Prepared By JOhr! W. Co12~2]s fT.IYCIE ~iOUNTY f~A.
First Federal Savings b loan Association ROCfp PO~Ti1Aa L
of Fort Pierce ~ FlOr1d,8 RECO~C yCp FjE~ COINtt r~t
..1~
Checked By _ A~t 1a ~2 39 PM ~ 1 Z
2~3259
goox 2U1 ~
, 1~
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