Loading...
HomeMy WebLinkAbout2328 To plac~ ~nd con~iauo~sly kNp.on ~h~ bvi!d~rps now o? F»~~aftK 4t~at~ on satd land ~nd on dl puipm~n~ and pawn~lly covM~d br thU matq~ ap~, with ~q pNniwrq ~I,K~on pa~d futl. fi~~ insur~nc~ tn tlw u:wl s~ardad polky fwm. In • awn +pprowd by tM MORTGAGEE. ae~d windNam in~wa+a in tM uswl s~~ndard pol~cy lorm, in ~ w~n ~pprowd by tM MORTGJI~EE, M wcA company w compw?i~t a t!y MORTGAaEE ~+ar ~~t +~d NI M~ and windsw~m inwra~+a polkia a+ any of ~aid bui{dinp~, a~y t~teryt tMr~in w part thKwl. in ~h~ pp.p~h wn+ ~faaaW a In ~xcass rAs.wi, ~hal1 conr~ rFa ~sw1 a~~nd~rd mortp~ claus~ a such ahM cla~ as tM MatypH may requw~. makfnp ~M toss wwiM ud pot~ ct~a. each and ~wry. p+Yab1~ ~o ~+id MORTG/1GEE ~a it~ in~K„t maY ~ppw. and ~ach and ~wry s~ policy sMll b~ pranptly aas:9n~d ~~d d~livered to . +ny hetd by said MORfGAGEE a fwtl~ securiry ro s~1d mat~ap~ d~bt. and, nw I~a than ?~n l10) d~y~ in ~dvu~a of tl,~ ~~cpir~tion of aach policy. to dr Iivu to ~aid Jy?pRTGAGEE a ~~+ewal thawf, topaM~ with a r~c~ipt fu ?he p?~miwin of such r~w~l~ ud thK~ th~l1 b~ ~+o fir• or windstam fnwru~u pland on ~ny of s~M buildinps, ~~y MtK~s~ N~~in or p~n Nw+wf. unbst in tM form «,d w~tk rh. ioa. Pay~b~. aa .tw.,aw, ,~+d t~ rh. ~wnl ~np win 01 ma~ey b~carwi payable vnder such policy or polici~t aid MORTGAGEE ~hall Mw tl» optioe ro r~ceiw u~d apply the sar?w on ~ccouM ot tM i~Mbted n~at sstur~d }N?~by w b permil said MORTGAGORS to ~eCeiw u+d vs~ if ot any pul 1Mreof id ofher purposes. wilhout thereb~ waiviny o~ ~mpai~- tnp anY puiry. ti~n o~ right u~dt~ or by v3rtw of thi~ mortpap~t ~nd in tM ~vent ta~d MORTGA'vORS shaU fw ~~y r~aton fail to keep th~ s~id pr~mises so ~r?wnd, or fail to d~livM promplly ~ny of said pplici~s of ie?iw+nc~ to ~id MORTGAGEE, a fsil promptly to p+y fully a~y premium therefor o~ in ~ny n~p~ct fail b pMform. dischar~, ~x~cute, effeq, complete, comply with ud abid~ by this cownant, a any pa~f Mreof, said MORTGAGEE m~y plap ~nd p+Y for ~~xfi insuranc~ u~ny paH Ihawf without w~lvinp a~ff~ctlnp any option. Ihn. sq~?ity. a riplu ~nd~r or b~l virtw of this Mortyap~. a+d 1M futl amo~e?t of ~ach and ev~ry such paymeM ~11 b~ imrnedi~t~ly du~ and p~yabls and sh~ll bsa~ intecwt fran tM dat~ thereof u~til paid at tbe ~at~ ol ' ~in~ psr anhim pe~ annum and togNhd wirh suc!? interest sha11 be secund by 1M li~n of this matpap~. 1. To permit, carvnit a suffer no wasts, i~npairmem w deteriwal'wn of aeid property ot any psA the~eof. S. To pay ~II aod sinpula tM cos~s, charge~ u~d expenses, includinp a ressonabte attorr?ey i~e~ and costs of ~btt~actt of title, incvned o? paid ~t any Nme by said MORTGAGEE, baca~se or in the event of ti+s f~ilurs oa the pa?t of tf?s said MORTGAGOR Io duty, p~omptly and fully pe~iorm, discharpR e:ecvtt. effett, complete, comply w;th and ab~de by each and every ths ~tipulafions, ~greements, conditiorq, and tovenants of said promissory note and ~his ma?t9aps any or ~ithsr, and ia~d cosh, cFwr~s and ~xpe~ses. c~ch and ~very, sFwll be immedi~tely dw ~f1d Piyib~Oj whe~he~ w not there be notics d~ n++nd. ~ttcmp~ to co(lecf o? wit pending~ and the f~ll art~ou~t ot each and evary such psymenf tMll bear ioteroit from Ihe date ths~eot umil p~id at the ~a1e oi nine per centum per annum; and alt said tosts, chargea and expenses incwred or paid, together w~th such interest, aMll bs secured by the lieo of thu morty~ . 6. Tha1 in the ewnt of any breach oi this Mortgay~ w def~ult on the pa~t of the MORTGAGOR, a(b) in ths event any of ra~d wms of money herein refer~~d to b~ not promptly ~nd fully p~id within thiny p0) dayi nex~ after the same severally becom~ due and p~yable. withoul demand or notice. w(rJ in the eve~t each and every the stipulations, ag~esmeros, tonditiau +nd covenants of said promiuory note and th~: rrwrtpay~ any o~ e3ther are no! iuty, prornptly ar+d f~lly performed, d;uha~ged, executed, effected, completed, complied with and ab'~ded Sy, then in e~ther or any sucM event Ihe ~id ag gregate sum mtntioned in said promissay note then remaininp unpaid, with ime~est accrved, and ~II ma?eyi secwed hereby, shall becona dw ud pay~ able fwthwith, or thereafter, at the oprion of said MORTGAGfE, as fu!!y and compktely as ii al! of the said sums of money were aigin~tly sGpulaud ro be paid on auch day, anything in said promissory note or in this Matgage 1o the contrary notwithstanding; ~nd thereupon p thereafter at the option o~ said MORTGAGEE, without notice w demand, suit at law w in equity, there#we or the~eaftcr beyun, may be prwecuted u if all Rwneys secured hereby had marwed ptwr to in irqtitution. 7. Ti?~t in ths event that at the beginninp of w at any timt pending ~ny svit upon this Mortgage, or to faetlose it, ot to reform it, or fo enforp payment of any claims hereunder, said MORTGAGEE sh~ll apply to the Covrt having "ry~isdiction thereoi tor the ~ppoinhnent of a Receiver, svch Court sMll fathwith appoint a recrire? of said matgaged propcrty aU and singvl~r, inclvd~ng all and singvlar the incoma, profits, issues and reven~es irom wMtever sourte derived, each and every of whith, it being expressly understood, is hereby matgaged ~t if specifically set fath and destribed in tl~ yr~Ming and habendum cta~ses hereof, snd such Receiver shall have all the broad snd effective functions and powers in ~nyw;ss entrusted by a Co~rt to a Rcceiver, and such appointment shall be made by such tourt ~s an admitted eq~ity and a matter oi absolute r'~ght to tsid MORTGAGEE, ind without reference to ths adeqvacy or inadequacy of the value of the properry mortg~ged or to the wlvency w insolvency' of said h10RTGAGOR a the defend:~», and tha! such +C,en~t~• p~ofits, incomq ;uues and ?evenues shaU be applied by such Receiver accord~ng to the lien or equity of said MORTGAGEE and the practice of such 8. To duly, promptly and fully perfwm, discharge, execute, cffett, complete, comply wi~h and abide by each and every the stipulations, agreemenb, conditaro and covenanes in sa~d promissory note and this mortgage ut fwth. 9. Tbat in the event the ownership of the ~nortgaged premixs, w any part thereof, becomes vested in a parson other than the MORTGAGOR, ths MORTGAGEE, its successon and assigns, may, witFw~t notice to the MORTGAqR, deal with such wtcessor o? sutcessor in interest with referer?ce fo this mortgsge and the d>bt hereby secured in fhe same manner as w+th Mortgago? withoul in any way vitiating q distharging the Mortgagors' liability i?era under or vpon the debt hereby secured. No safe of fhe premises hereby mortgaged end no forbearance on the pan of ~he MORTGAGEE o? in succeuors w auig~s and no ext~nsion of the time for the paymeM of tha debt hereby secured given by the MOR7GAGEf or its rvu~ssws a suigru, ahall operats to release, discharge, modify change w affect the original liability of the MORTGAGOR herein, either in virhole w ie part, 10. It is specifically agreed that time is of the esxnce of this contract and that no waiver of any obligation hereunder o? of tFie oblipation se~ tured heraby shall at any time thereaiter be held to be a waiver of the terms Ixreof or of the inatrumeM secured he~by. 11. In add~tlon to the fwego:ng monthly payments of princ'pal and interest required by the p~omissory note secvred F~ereby, mortgagor covenants and agrees to pay to mortgagee with each month?y payment an addira~al svm estimaled by matgagee to be equal to 1/12 of the annual cost of the folbw- inq: A-All real property taxes levied w assessed against the above desuibed real estate. , B-Premiums on fire and windstorm insu~ance as herein requ~~ed to be carried on the improvements situate on the above desuibed premises. C-Premiums on such mortgage guaranty insu~ar~ce as mortgagee shall from Yime to time deem fit to carry on the ban secured hereby. Mortgsgee shall from time to time notify martgagor i~ writing of the amount due and payable F~ereunder snd such sum shall thereupon be dve and payable on the due date of tfie neat monthty payment and each svccessive month thereaffe~ unti! mtsngagee shall notify mortgagor of a change in s~ch amount. $uch sums shall be applied by mortgageo toward the payment of real property taxes, insurante prem;ums, and mortgage guaranty inwrance p~emivms_ IN WITNE55 WHEREOF, tFie said MORTGAGOR has hereunto set his hand and sea! the day and year fint aforesaid. ignet! Sealed and deliv in t. presente of: ~ ^ n RobQrta J' se 1 q ~ fifAi~le sdtilt (Sea4 ; STATE OF FLORIDA ~ couNrr oF _ St. Lucie • • ~ Befwe me peaw~ally appeared ~berta J. B~S!@Zl~ 8 s~II~le adult ~ ' I~irwife, to me well keown and known 1o me to b~ ~ the indiridueli dcsvibed in ud who executed the foregoing instrurn~nt, md ackrwwledged before me thatlFw~ exatuted thq„sarne for the purposes ~ therein expressed. 0~{.t~.y' ~ t_ wif~ ~ti~ ~I ' ~aas~iw~riw~yr~.Mio~~p~r~w~d.aNrbf~r.hawr:d.IwNb~r~chrrwbds~d.».~ ~iw ~I 1~ii1Y~~Wiil~w~i~Y.~1~W~i~~+~P~r~i~Mri~ar~i~. iw`~l ~ WITNE55 my hand and official s~al this 23sd ~ of ~Y~ Y - .fl a9=~ ry Public in and w ' Iorida ~.ka/p s • My Commiuion expires: / O ` ~r~ Return To: ~ 4 i ~Jl fint Federsl Savings b Losn Associat~on • ~I~ ~ r~ '~~~,~~qnu1'~•~n``,~ . Of Fort P;erce. Fort Pier~e, Flwida ~ } . , • i ' LED Aqp REOORp!p ~ LUCIE COUNTY fl~i. ~ i IIOCfA POITAAS ~ This Instrument Prepared By D. F. Holery~ CLERK CIR~UIT COURt ~ f First Federat Savings 8 loan Association RFCORO YERIFIEb~.~„~~„~ i pf Fort Pierce , Florida u Checked By ~ ~ ~ 42 ~n ~~3 ~ ~ssssl ~ Bf3~1~ ~~~r PACE~t7~~ ~ . - ls , _ - - - - ~ . _ ~