HomeMy WebLinkAbout0160 . i
To pl~a and continuously k~ep on tM buitd~rpi now a hN~aft*~ utwte on aid ta~d w+d on all pulpnMt and pa~onally wva~d by this morq~
sp~, with ~8 pr~mivcns therean pi+d in full, fb~ insur~nc~ in ~M usud Nandud policy form, M+ ~~um ~pprov~d by 1M MORiGAGEE, and wi++d~~wm
insur~ M tM vswl s~andard pol~cy fwm, in a wm spprov~d by tM MORIGIIGEE, in wch company w companiti a ~M MOR~GAGEE may ~ ;
dir~pj ~nd ~II fir~ ~nd winrhtorm inivrance policie~ on a~y of taid bviMi+p~„ any {nNr~st Ihe«ir? or p~rl tF~wi, in 1Fw +pqrepa~~ wn? ator~~aid w ~
In ucass thenof, shall contau> >M uwal ~undud ma~qa~w clavN a ~uch otM~ clws~ a ~M lNor~pa~ m~y rpuu~. makinp ~M tos~ ur+da sa~d po1F
cies, ~sch and evKy, payabl~ w said MORTGAGEE as its inferest may ~ppear, and ~ach ~nd swry tuch policy ~hall b~ p~omptly ass:pnsd and d~tivaed to
any M!d by ~aid MpRTGAGFE as lurth~r secvriy lo ~aid mu~ya~ debt, a~d, not I~ss tha~ t~n (101 days in ~dv~nc~ ol tl+~ expiratio~ of fKF~ pOlity, to dr
IivN to said MpRTGAGEE • rentwal thertof, top~ther with ~ receipl fw IM p~~miwn of svch renewal; u?d tMre sMU b~ no f'ue w winditam insur~nc~
pt+ad on ~ny of said buildirqs. ~~y interKt the.si~ a pa?t the?eof, unku ln tM (orm and witA Ih~ loss payabk s~ ~f«eiaid: and in tF» ~vMf any twn
of mw~~y becoma p~yable und~r iuch policy or policies said MORTGAGEE ahall f?~v~ tM option to receive and epply Ihe iame on accounl of tha indabted-
neu secured herepy or to perm~t said MORTGAGORS to reteiw and ~k it W any part thereof Fa ahe~ purposes, without thsr~b~ waivin~ or ~mpair-
iny any eqvity, 1'an or rigl?t unJe~ w by vi~tue of this mors~ap~; u~d in the ~vent iaid MORTGAGORS shall fw any reason fail to keep Ihe said p~emiu~ so
inw~ed, w ~ail to deliver promptly ~ny of uid policies of insurants to said MORTGAGEE, ot fail prompHy Io p~y fulty any premium the~ela a In any
respect fail to ptrform, diuharge, executs, effect, tomplete comply with end abid~ by tha covenant, a+ny pa~t hereoi, said MORiGAGEE may pl~ce and
pay fo~ such Insurance w sny part the~eof without waiviny o~ ~fiectinq any optan, lien, equity, or ~~yht ~nder o~ by virtw of thi~ Mor~qa~e, ~nd the
full amovnt of e+ch and every such payment shalf be immedi~tety due and payabls and ilwll bea~ lnferest from the date thereof until paid at th~ rate ol
nine per tentwn per annum and to~elher with tuth intereat shall be secured by 1M lien of this mottgage.
1. To permit, corruait or suffa no waite, Impairment w deterioration of s~id wope~ty w ~~y part thereof. j
5. To pay all and :ingutu the costi, charpea sod expenset, including s reaso~able at~wr?ey's fee snd costs of abstrad~ of titie, incurred or pa~d st ;
any time by said MORTGAGfE, because w i~ ths event oF the failv~e on tF~e ps~t of ~he ssid MORTGAGOR lo duly, promptly and fully pe~fam, diuhar9e, i
executs, "effect, complete, comply w~th and abide by each a~d every tF?e stipulations, agreemenq, conditions, ar+d covenants oi said promisso~y note and thi~
mortya~e anr o? eithe~. ~nd said cosri, chsrges and expenx:, each and every, shatt be immedietely due a~d payable: whether a not thero be no~ice de
mand, ansmpt ro colkd a suit pending; and the futl amount of each and every suth paymeM shall Fxa. interest from the date thereof ~ntil p~id at the
rare of ni~ per centum per annum; and all uid costs, charge: and expenses incurred a paid, togelher with iuch intere:t, sAalt be tstured by the lien of thi~ j
mort~aag~.
6. That (a) in the event of any breach of this Mor~gage a defavlt on the paA of the MORTGAGOR, or (b) i~ the event ~~y of satd tums of money
herein refared to be not prompHy and fully paid within thirty (30) days next afte~ the same seve~atly become due end payable. witFaut demsnd a notice,
or (c) in the evem each ~od every the stiputations, agreements, condirans and covensnts o! seid promissory note and th~s mortgage iny w either a?e not
iuly, promptly and futty perfamed, d~uharged, exccuted, effected, completed, complied with and abided by, then in either or any such eveM the said ag
gregate wm meMioned in said promissory note then remainirtg unpaid, with interest accrued, and att moneys secured hereby, shaU betome due and pay-
eblc forthweth, or thereafte~, at the option of said MORTGAGEE, aa fully and completely as if all of the said wms of money were wginatly stipulated
to be paid o~ suth day, anything in said promisswy note w in this Mwtgage to 1he comrary ~?otwithstanding; and thereupon w thereafte~ at fhe option oi
said MORTGAGEE, without no~ice or demand, suif at !aw or in equity, the+efwe or thereafter begun, may be prosecWed u if all moneys securod he?eby
had matured prfp to its institution.
7. That in ths evcnt that at the beginn;~g of or at any time pending any suit upo~ fhis Morfgage, d to fwetlose it, or to reform it, o~ fo enforce
payment of any tlaims hereunder, said MORTGAGfE shall apply ro the tourf having ~urfsdiaion fhereof }or the appoi~tment of e Receivir, such Court shall
iorrhwith appoint a receiver of ssid mortgaged property all and sing~lar, includmg all a~d singu~ar the income, profits, issucs ~nd revenues from whatever
source derived, ~ach and every of wh~ch, it lxing expreuly undc~stood, is hereby mortgagcd as if speci(icelty sef fo~th and desuibed in the g?anting and ~
habendum clauaes hereof, and such Receiver shall heve all the b~oad and effective fu~ct~ons and powers in anywise entrusted by a Court to s Reteiver, and
s~ch appointment shall be made by such Court as ari sdmitted equity ar~d a matte~ of abwlute righ~ to said MORTGAGEE, without refe?ence to the ~
edequscy or inadeqvacy of the vatue of the ~xoperry mwtgaged or to the wivency w insalvency of said MORTGAGOR or the defendants, and that iuch ?
renrs, profits, income, issues and revenues shall be applied by such Receiver accwding to the lien w equity of said MORTGAGEE a~d the pradice of such ~
Court.
6. To duly, promptly and fufty perform, discharge, execute, effect, comptete, comply with and abide by each and evtry the stipulatans, agreements,
conditans and covenants ~n sa~d promissor~ note and this mwtgage set fath.
9. Thst in the event the ownership of ehe mortgaged premises, w any part thereof, becomes vested in a peraon othet than the MORTGAGOR, the `
MORTGAGEE, in successors and assigns, may, without no~ice to the MORTC'iAOR, deal with such successor or successor in ;nterest w;~h referenu to this 4
mongage and the dabt hereby setured in the same manner as with Mortgagor without in any way vitiating w diuhargirg the Mortgaqors' li~bility hert
under or upon the debt hereby secured. No sale of the premises hereby mortgsged and no forbearance on the part of the MORTGAGEE or in successors
or assg~s and no extension oF the time for the payment of the debt he,eby secured given by the MORTGAGEE w its s~ccessas or auigns, ahall operate
ro releax, ducharge, mod~fy change or affect the original liab~l~ty of the 1NORTGAGOR herein, eithe~ in whole or in part.
10. It is specifically agreed that time is of the essence of this contrad a~ that no wsiver of any obligatwn hereunder or of ihe obligation se-
cured hereby sha(t st any time thereafter be held to .be a waiver of the terms Aereof ar of 1he instrumeM secured herby.
11. 1n add~tio~ to the forego:ng monthly payments oi princ'pa) and interest ~equired by the promissory note secured hereby, mortgagor tovenants
and agrees to pay to mo:tgagee with each monthly payrnent an add~iional sum estimated by mortgagee to be equal to 1/12 of the annual cost of the follow-
ing:
A-Atl ~ea( property faxes tevied or assessed against the above described real estate.
8-Premiums on fire and windstorm insurance as herein requ:red to be carried on the improveme~ts situate a? the above d~scribed premises.
C-Premiums on such mwtgage guaranty insurance as mortgagee shall from time to time deem fit to carry on the loan secured hereby.
Mortgagee shall from time to time nolify mwtgagor in writing of the amount due and payable hereunder and such wm shaN thereupon be due and
Fayable on fhe due date of the next monlhly payment and each svccessive month thereafter ur.til mortgagee shall notify mortgagw of a change in wch
amount. $uch sums shall bo applied by mortgagee toward the payment of real property taxes, insurance prem:ums, and mwtgage guaranty insurante
p~emiums.
!N WlTMESS WHERFOF, the said MORIGAGOR has hereunto set his hand and seal the day and y irst fwesaid.
Sigaed, Sealed and deliver d in the re~ence of:
~ ~
/rv / in
Blz' . ~odwin, a s gle ~~n
~ ~ adult ~.q ;
~~L.~ ,s,,,u ~
STATE OF RORIDA ~
courm oF St. Lucie ~ ±
e~r«~ ~ a.~~ii„ sppeared B1Z~e W. Godwin, a single adult ;
~
~'4AS1~tfl~to rrK well k~own and krawn to me to be_
the individwl~ described in and who executed the foregoing instrument, and scknowtedged befwe me that jhe~ executed the sam~ fo~ the purposes
therein expressed. 7Uf~Thli:efd~~~~__~~_~~~~~~~~~~__~~__~~_~~~ ~ ~ ;
,~t~rot~i,esa?~-----------------------------------------------------------opa,ra~a~arid~nv~+e- ~
e~ean+RArivn ~~ne YaRe?e-~epaes+e-an~ apsrt fre~n ~?er islct hesbsN+d; -seke~,rkdged trrand ~rfa~ ~ns ~hersh~ exe~~ sMtl~inrrvree~he~11 ae~,}-veber ~
rs~iiy-and~rid~osf-a~7~srnPsiaiont'edr~Rein~,-sppielx ~~?feer-ef~~ireerlu+ss+~tw~si~snd- . .
WITNESS my hand and official seal tFis day of =Ch ~ ~,,•~~•••~'q, D::)`q - 73
R ~ ~ ~ :
r., - - y
Notary Pubtic in a f r tbe Syteo{.Fld?ida,~ tarqs, '
My Commiuion expir_ ~ ~I7-~
Retum To: \ - 7 `J . ~ ~-Y,T I 7 7 ;J ' ~ ~
first Fedcrat Savings d losn Association 3-~
Of Fort P~erte. - ! ~ .
, 5~;..~
Fort Pierce, flwida - -
. ~r~~: • ' {
F~~~o kk: RfCQRDEG
~ ST• LUCiE COUMTY f~~.
This Instrument Pre ared B R~~rd K. K~yes ROGER PQtTRAS ~
P Y CLEkK CtRCUIT COURt ~
First Federal Savings 8~ Loan Association PECORf v~F~riEO .
of Fort Pierce ~ Rlorid a '
~ ly 4 ic PN'73
Checked By
a .24.996~,3
BG~K
z~2 PA~E sso sb
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