HomeMy WebLinkAbout1099 TO ~.~Kf atfd C^'~•:r` ~C: :~A ifM: ~JUi!tii f - "v; ~.a:~~~:'a: i~~vn:~ Se~.~ :ari~ ~ ~ _ •••.!!1 dM~ nd+ally CO~Nfd b t~1:i f~f0l~
~ ~'r n~ ^ pr Y
sg~. wi~h ~11 prrn.iums rhe~eon pa,d in fu!!, F;re ;nsuance ~n ~M usuai sraoda.d pot~cy form, in ~ ium ~pproved by tM MGRiGAGEE, a~w1 w~ndstwm
~~swanc~ in eM uswl i~andard pot;cy fw~n, i~ • sum appro~ed by tM MORTGIIGEE, in s~cA company w a.n+pan~es ss ~M MORTGAGEE may
d:rrcr ~nd all fir~ a~d w~Rdsro~e~ insurance potK~a oe+ any of said bviid.nqs, any iMeresl tharein pr ps~t IMroreof, in 14~ ~gyrega~e svm ~fp~saw! w
in ~xcess ~hereof, ~hall contain t}~e uswl standard mor~ga9ea clause w such o~1+N dwst as ~h~ Mor~ya~e~ may requ~~. matirg t~ {cs~ ~nder sa~d poli~
Net, each and tvery. paya4te ro sa~d I~~ORTGAGEE as ~h ime~eu may appcar, and euA and cve~y s~ch paticy shaN b~ p~ompNy +u 9ned +~ui da~ive•;d ~o
+ny ~+cld by ss~d M^vRiGAGEE as further secvr:ty tn said ~.v,r~ssye ~kbt, erKl, ~»t Mu rhan ten (10) days in ad~ance o( ~he exp"u~t;on of each policy, to ds-
IivN fo said MORTGAGEE a rtnew~l thereof, toqetMr witi~ • recaipl for t!?e pramium oi a~ch ~e~ewal; and Iher~ shall be no f~ra w winducum i~wrtnce
placad on any o( s•id build~rgs. ~ny inrerest there:n or ~»~t the,eof. unlcu in ~M fo,m and wi~h tM lou payabl~ as afaasa~d: and 'u+ t1u e~~nt any :vm
ot money beca-.+as patiable u~der wc? policy a potKies sa:d MOk*GAGEF shall have ~he opt~a~ ro ~ecrive end apµly ths aame on accovn~ , f the indab~cd-
neu sec~r~d F~eby p p pe~m~t sstd MORTGAGORS to r~ceive and use it a anr po~~ the:cof ior a:iic- pw~.~ses. \Y+IMOUI tA_.~uf wa~vi~~~ or un,~a~r
Irw u~y eqv~ty, I~en w right ucJc~ a by virwe of this mo:t9agc; u.d in the event ia~d k10RTGA:•ORS shall fw any rcaso~ (ail to keep ?he sa~d p.em~sai so
~~swed, w fail b de~i.e~ pranptly any of said poli~ies of insu~snce fo said MORTGAGEE, or fail prompNy Io pay fuily any pre~n~vm tF+e~efor or ir~ ar~y
respea (ril w~ paform, d~sc.'urge, e~cecute, effect, compiete, comply wirA and abids by this covenant, or a~y pa~? l+neof, sa~d 1NORiGAGrE may pl~ce a»d
psr for sucA inwrance o~ •ny pan ~he.eof wi~Aout waivinp a affectinp aey opt~on, lien. oqv~ry, w ~~gM unde~ or by virrt,e oi this Mat~ags. and ihe
full amount of each and ev~ry such paymsnt sh.Il be immediareiy dw and payabl~ and shail brar inrore~f fror» ~he dars ihe:eof un~il pa~d at ~he ra?e oi ~
n{ne pe+ centvm per ~nnum and to~ether wiih such inruear shaN be s~~cured by the Gen of th~s mor~9age.
1. To permit, commif o~ suffe? no wute, impairment w detaioratan of said propcry or :ny put ~herr~f.
S. To pay •tl ar?~ sinputK the coa~s, charyes ~nd expenses, i~ncluding a reasa.a6le atrorney's fee a~d cos~s oi abstrscts of titte, incurrcd w paid at
any time by sa~d MORTGAG:E, becsuse a in the evenc of the fa~lurs on the pa+t of the said AM7RTGAGOR to duty, prompt'v ~nd f~tly perlwm, d~uha~qe_
execute, effect, comp:eta, comply w~:h and ab~de by ~rach and every the stioulatians, ag~ecr?~nts, cond~tions, and covenant~ of ssid p~pmissory note and ~his
mwtpape ~ny w e~rher. and satd coats, cMrgas and e:perses, esch and every. shatl b~ immediateiy due and payable; whetAer p not N ere be noe;te d~
mand, attempt to collect or w'n pend~ngj and the fvll amount of each a::d evc:y such psy:nent slwll bear interes~ from the date tlu~eot until paid a~ rhe
rare of r.i.x p~r cen:um pzr an:w:n; and ~II said ~osts, tha~g~a ~nd expenses inturred er pa~d, ~ogethet w~th s~~th :ntercst, shall be secureti by tha lian of this
m« ro+ge•
b. fl+at (a? in the evc~t of any bresch of thia Mortgags or default on the part af the MORiGAGJR, w(b) in the event a~y of sa:d swns of money
herein ~eferred ro be not pranpNy ~~d f~l1y paid w;,hin thirty (30) days ~at afror 1i~e same uveratly beccvne due and piyable, withovt dsma~d or no+ice,
or (c) ir, the event each and every the stiputati«u, agreements, cw+direons and coverwn~s of ta'.d prom;ssory ~+ote and th:~ mwtgage any w e~tAer are ~w1
iuty, promptly and fully perfwmed, d~xhargzd, executed, effccted, completed, compl~ed w~th and ab~ded ~y, lhen in e~the+ w•ny such evant tAe sa~d eg
~regsta sum men~;or?ed in said pran;ssory note the~ remaining unpaid, with interest a~crued, and att moneYS setured hereby, sha!! betoma due and pay~
ab!e forthwith, a tnereaher, at the cption of said NWRTGAGEE, u fulty aod comptete~; as it ail of the said wms of money were agioaity st~pulated
ro be pa;d o~ suth day, anything in sa~d promiuwy note w in th$ Mwtgage lo the contrary notwithstanding; and thcreupon or thereafter a1 tl+e opt:on o(
sa;d MORTGAGEE, v?~Thout nonc~ or demand, svit at iaw or in eqv+ty, therefae o~ tAereairer begun, may be p•osecuted ~s if all moneys secured hereby
hod maWred ptwr to its institvtion.
7. That in tM ever~f that at the beginoirg oi o~ at aoy time pending ~ny w~t upon this Mortgage, or fo fweclose it, w to refwm it, w to enforce
payment o( s~y c(aims ht~eur~der, said MpRTGAGEE shatt apply to the Cov~t having jur:sd:ction shertof tp the appointmcnt of a Receiver, ;uch Caxt shall
ForehwirA appo7nt a receiver of said mortgsged property all and singutar, incluou.o a11 and sinqutar the iwtome, p?of~ts, iuues and revenues f~om r.h~tever
source derived, each and every of wh~th, it being expressly understood, is hereby mnrtgagad as if speciticalty ut iwth and dtsuibed in the ~ranring and
habendurn dauses Ik~eof, and sucb Receiver shafl have aIl the broad and eFfecrive func~.ons and powers in ariyw~se entrusted by a Court to a Receive~, and
s..ch ap~oinrnn~nt stialt be made by such Court as an admitted equiry and s marter of absolure rghr to said MORTGAGEE, and w~riwut reference to the
adequacy or in~dequacy of the vatue of the property mortgaged or to the wrvency oi insofvency of sa:d MORTGAGOR p the defendams, and ~hat such
re~rs, profits, income, ~uues and revenues shali be applied by such Receivc~ accwd~ng to the Gen w equity of aaid MORiGAGEE and ehe practice of such
Court. `
8. To d~ly, promptly and fu!!y perform, d~scharge, execvte, ef(ect, compiet~ tai~pty wl~h and abide by each and evrry ihe stipulatians, agreements,
conditions and covenants ~n sa.d pramisswy nore and th;s mortgage set forth.
9. That in the event the ownershlp of the mortgaged prem~ses, a any part tnereof, becomes vested i~ • person othe~ than the MORTGAGOR, ths
/'.ORTGAGEE, its succeuors and assigns, may, without not~ce To ~he MORTGAOR, deal with such successor a successor in i~terest with ieference 1o this
mortgage ar+d the debt hereby secur~ in the same manner as with Nbrtgagu w~thout in any way vitiating or discharging the Mwtgsgors ::a~:l%ty herr
~nde+ u vpon the debt herc5y secured_ No sale of the Frcmisey hereby mortgaged and no forbearance on Iht part of the MORTGAGEE w its sucttssors
or assigru and ra e,cee~si~n of the rime for rhe paymonr of rhe debt hereby secu+ed given by the 1NORiGAGEE or ies successors p auigns, ahail operate
io release, dixharge, modify ci:arge or atfect the orginal liabil~ty of the N10RTGAGOR Fxrei~, eishn in whwe w in part.
10. It is spec~Fically agreed that timc is of the essence of ~h~s contract a~d that no waiver of any oblgatron hereunder or of the obl'gaYan sr
cured hereby shalt at any time ehereafret be hetd to be a waiver of the terms hereof a o! the instr~ment setured herby.
t l. tn add;t~oa !o the forego'ng m.or:~hly payments o! princ pal and interest required by the prom~ssory note secured hereby, mortgagor covenants
and agrees ta pay to mortgagee with each mon~hiy pay~nent ar. add~rional sum esr~mated by mortgagee to be eqval to l~ i2 of the ann~al cost of the follow- "
;~y:
a-an real property ~a,:rs levied w assessed agai~st the above described rea! estate.
B-Premi;~ms on fire ar,~ w;ndstorm insucance as herri~ requ:red to b- carried on the improveme~ts s~t~ate on the aEove dss:ribed premises.
C-Prem:ums on s~ch mortgage guaran*y insurante as ~nortgagee shail fro-e:,t~me to ti~ne deem fit to tarry on !he ban setured liereby.
Mortgagee shall Irom t~me to t~me not~fy mortgagor in writ~~g of the amount due and peyable hcreundrr and such sun+ shail thereupon be due and
~:ayrble on the dve @ate of the next month!y payrnent and each successiv~ morith thereafter ur.til rrwrtgsgee shall :wr.fy mortgagor of s change in such
a~*ti;wnt. $uch sums sha',1 be app!ied by :..ortgag-e toward the paymcnt of rea) property taxes, insurante prem:ums, a~~d mort age guaranty iruurarxe
p•emiums-
_IN WITNESS WHFREOF, the uid MpRTGAGOR has hereunto set his hand and seal the day a ear first af
~,,y
~S~i ed,,
~Seale~d
~a`' de~c ed in th exnce of:
~i~r 7f~.
. ~n
. ` ($ea~
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- a
: - : onni2 J. artin ~n
S11iTE o~~l~. ,~udiana
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6~ •Qf ; ,r-._.,' ~ 1
~~,.,t,~ _ Ronald W. Martin _ ~
-t Bonnie .J . H1drt 1T1 h~s w7fe, to me well known and known to me to be
-=-s.i~ .
?he ir~ri~u'Sts .desciibed and who execured the foregoing ;nstrumeM, arxl acknowtedged bc(we me thar rhey execvred tF~e same tor rhs purposet .
therein ~:~a. a,a rrK Bonn i e J. Mart in - -
: '
N~fe of ~n~ _ Ronald W. Martin a s~~ ~~4
examinatian by rt~e t en separate and apart from her said husband, adcrqv„ledged to and before me that she executed said instrumeqt fi,~y volurF '
ra:.Iy and w~thovt any compulsan, constraint, apprehensi . fear of w irom he. sa;d husband. 1(-~{ ~ ~
W(TNESS m hand and official seal thi Februar , [~,-~9
y ~sy of r: ` `
-73
~
jj~.~ „j .
~ _ : -li•~~~':
, ~ - -
Notary PubJic in and fa t'r~ Stste of f
jp~ at t~ ^ " "•~i
141y Commiuan expires: „i, . --r•b!'' %
Irid~a?
a~f~~~ To: ~Qr-~u.~ 9- 73
fiat fedenl Savings 8 toan /issociat~on ~`~7~s
Of fort P~cr~e_
Fort P~erce, Fbrida
Ft,fO 4!tG R~CQROED '
ST. LUCiE CCUNTY flA.
ROSEr.:,1iRA5
This Insfrument Pre ared B R. L. StLit2 ~Rr ~L111I COURT n~
P Y P~CO?~ Vf ~:c;EO.,.~~....~
First Federal Savings & Loan Association
of Fort Pierce , F1olida Ff 8 11 ~n is A~ ~?3
f
Checked By ~
o p , 248505 '
~oaKzs~ P~E~~~
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