HomeMy WebLinkAbout2030 To pix~ and continuously ke~p on tM. bu7ldinps now a 1+.r••f~.. ~iewa on s•~d I.nd .nd on •I1 puipn~.e~~ a.+d p..w~.11~ cov.•.d by ~h~• n+ap~
p~. w~th all p~~m~um~ the~eon p~~d in iull, 1'u~ in~unnc~ ~n Uw wuat ~~~nda.d poticy iwin, in a~wn ~pprowd Dy tM MORIGAGEf. and w~nds~wn?
~nu,~anc~ In ~M wwl uand~rd pol~cy fam, 1n ~ win ~pprov~d by th~ MORTGAGEE. in wch canp~ny w oo~np+nws ~s tM MORTGAGEE T+Y
d'uedt ~nd all fk~ ~nd w~~onn inwrann polici~s an ~ny O~ f~id bVil~nQb My if11NNt tMtfin Of pNt tFNrM+, in rM pq.ep~a wT afa~s+~d a
In ~ac~s~ ~Mrwf, sMll comain ~M vswl qw+dud mor~p+pN clavs~ w wd~ ahw tlaw~ a tM Mor~apN m+y rpuw~. ma?inp tM bss w+de~ u~d po1F
ci~s, e~ch and ~vKy. parib~. a~.d MORTGAGEE u it~ intKNt may app~ar. and each ~nd ~w~y sud~ polKy shall b~ pomp+ly ass p~+sd and dstivKrd ~o
~ny heW by wid MORTGAGEE as (urth~r ~ecuriry to taid mottyap~ debt, a++d, nW lsss than ttn (10) d~ri M+dvanc~ of th~ ~xpir~tqn of e~ch pol~cy, to dr :
I~w~ ~o uid MORTGAGEE ~ r~xwal therwf, to~e~ha with • reteipt fw ~M p«nium of wch ~~newalj u~d ~h~r~ shall b~ no fu~ a winds~orm inwr~nc~ ~
pl~nd on any of ~aid buildinps, any in~KSat tMrein w pu~ tF~wf, unbss in tM form .nd w~+h ~h. toss payabw a afaaaid: and M 1IN fvMt ~rty WT
of nwn~y becomes payable und~r sucF? policy or polKiei s~id MORTGAGEE sMll Mw th~ aption to rtc~iw and apply tM s~me on accoun~ of ~h~ indab~ed~
neu ttturtd he.~by a lo permit ~aid MORTGAGORS ro ~eceiv~ and uw N a any part th~reol lo~ other purposes. w~thoul ~he~cu~ waiving or ~mpair-
iny any eqv~ty, lien a ripht ue+de~ a by vtrtw of this mort9ap~t and in tFN ~wnt w~d MORTGAGORS d?alt (a any ?eason (ail ro ke~p tM sa~d pr~misas so
insured, o~ fail b deliva promptly u~y of said politi~s of inwru~ce to uid MORTGAGEE, a fail promp~ly ~o pay fulty any premium therefw w in any
reipsct f~il b pa(orrt~, dixhu9t, ~xecvts, ~ff~ct, compl~t~, comply wlth and abids by thq oovenant, o~ any part her~of, said MORiGAGEE may place ar~d
paY fw such inwranca w N+y p~~t tlw.eof without w~ivirq a~ffMinp aMr optian, li~n, puity, a ripM undN a by virtue of thii Mo.~yape. +~+d the
full amouM of each ~nd evay wch paym~nt shall be imrnediN~ly dw and piy~bl~ ~~d ~h+ll bear interes~ from th~ dah thereof un~il pa~d at tik ra~~ ol
n;ns per cenrum pe~ anrwm ~nd ~oge~her wi~h wch interest thall b~ sscured by tM li~n o1 this mort~+pe•
1. To permit, oommit or suf(er no waste, impairme~t w detaiwatan of Nid property w any put thereof.
S. To p~y atl and sir+pulu tM cwts, chup~t u+d ~xp~wa, includinp ~ rs~so~able ~naney ~ fee +~+d cosis of abs~racts of title, incurred or psid ~t
any time by said MORTGAGEE, becavse a in the event of the fsilwe on tM pan of tl+~ said MORTGAGOR ~o duly, promptly and futly pafam, d~xha~ge. ;
erecuts, effect, complete, ca.nply with a~d ab~de by ~+ch and ~very the stipulataro, +qraements, conditio% snd ooveninn o( ~a~d prom~ssory note and +his ~
mortyape any O? ei1F?et. ~nd said costs, charp~s and ~xpeme~. Nch and every. ~hall b~ immediatety dw ~nd payable: wheiher or not rhere be ~ot~ce ds
~,:and, anemp~ to colkcr w wit pMding; and the full arno~nt of esch and wery such p~ymem ahall beu imeres~ from tl+e date ~hereo4 uoril paid at ~he
~are of nine per centum per an~wm; and all iaid tosts, ci~a~~es and expenses intwred w paid, lopetl~er w~th i~ch iMerest, shill be sccured by the lien of thi~
mort~age.
6. ihaf (a) in the' event of any brexh of this Mwtgap~ or defw~t on the psA of tfie MORTGAGOR, o~ (b) in tf~s went a~y of said w~ns of money
herein referred to bs not p~omptly and fully p~id within thirty (30) days ~exf afte~ the sam~ severally becoms due ~ad payable, wi~hout demand w notice.
or (c) in the evem each and every the ttipulations, agreemsnts, conditiau and covensnts of sa~d promissory note and th:s mwt9ape any o~ eithcr sre na
iuly. promptly and iuUy performed, d~scharped, e:ecuted, effected. completed, complied with and abided ~iy, the++ in e~~ha w any such event the sa~d ag
gregate wm mentioned in asid promissory note then r~n+aininp ~npaid, with interest atuved, and'all moneYS secured hercby. ahall become dw snd pay-
eble forthwith, a thereafter, st the opiion of said MORTGAGEE. ss fvlly and cwnpktely u if all oi tF~e said wms of money were or~ginally stiputated
to be paid on such day, aeythinp in said promissory note w in this JNort9sye to tM cont.~ry notwithsqndinq; and therevpon or thereafte~ a1 the op~an of
sa~d MORTGAGEE, without notice or demand, wit at law or in equity, thereFw~ or the?eafter beg~ey m~y be prosecuted as if all ma~eys secured hereby
had matured pnw to ib irqtitutioo.
7. That in the event that ~t ?he beginning of or st ~ny tim~ penJirq any wit upon this Mwtgage, a to faeclos~ N, or to reform it, w to mfora
paymcnt of ~ny tlaims hcreu~der, said AhORTGAGEE shal) apply to the Court F?~viny ~wisdiction thereof fw the appointment of • Receiver, such Covr~ shall '
Forthwith appoint a receiver of said matpaged property all snd sinpul~r, includmg ~II and s'upular th~ income, prolib, issues and revenues from whatever =
sowce derived, each and every of wh~ch, it be~np expreuly und~ruood. is I+eroby mortgayed as if spec~fiully ut forth and dexribed in the graming and i
habend~m clsuses hcreof, and such Receiver ahall Mw all the brwd and eHectiv~ fvnnwns and powcrs in a~rise entrusted by + Court to s Rcceiver, snd ~
tuch appoinrment ihall be made by suth Gou~t ~s ~n ~dmitted equity snd a m+tter of sbsolure ri~ht b said MORTGAGEE, u~d without reference to fhe i
edequacy or inadeqvacy of the value of the property mortyaped or to the solvency or ~nsolvency oi said NIORTGAGOR p the defendants, and ihat such ~
renn, profits, i~come, iss~es and revenues sh~ll b~ applied by such Receiver xcordinp to the lien o~ eqvity of said MORTGAGEE and the practice of such ~
GouA. ~
8. To duly, promptly and fully perform, d7scharge, e:ecute, eHect, complete, comply with and abide by each +nd every the stipul~tro~s, ~greerr.enn,
cor:ditions ard covenants in sa~d promissory rate arwl ~his morigsge xt fwth.
9. That in the event the ownership of the mortgaped premises, a any psrt th~rcof, becomes vested in • person other thsn the /NORTGAGOR, ~he !
MORTGAGEE, iri successors and assigns, msy, witfwut notice to the MORTGAOR, deal with such wttestor w successa in iMerest with refcrente to this
morfgsge and the debt hereby secured in the same ma~ner as with Mortgagor withovt in any way viti~iug or disch~rging the Mortgsgors' lisbility herr
urder u upon the debt hereby secvred. No sale of the premises hereby mortgaged and ra fabesr~nce on tM part of the MORTGAGEE or iti succeuors
or a::~gns and no extens~on of rhe time to. the psyrn~m of the deb~ he.eby secured yiven by the MORiGAGEE w in successors or us~gns,~ shall opeate
~o release, d~xhar~e, modify charge w aHect the wigiosl liabil~ty of the MORTGAGOR herein, either in whole or in p+rt. . ~
10. It is specifically agreed that time is of the essence of thia contr~ct and that no waiver of sny obl"~gatan hereurwler or of th~ obiiyation st ~
cured hereby shall at any time thereafter be held to be a weire~ of the terms hereof a of the instrument secwed herby. ~
11. In add~tion to the f«ego:ng monthly payments of princ'pal and interest reqvired by the promissory rare secured hereby, mo~tgagor covenants f
and agrees to pay to mortgagce nr~th each monthiy payrnent an add~rional wm esumsted by mortgsgee to be eqwl to 1/12 of the annual cost of the follow- !
ing:
A-AI! real property taxes levied w asussed against the above dexribed resl estste.
B-Premiums o~ l~re and windsrorm insurance as herein requ~red to be carried on the improvernents situate on the sbove described premises.
C-Premiums on such mortgage guaranty inwrar.ce as mo~tgagee shall from time to time deem fit to csrry on the (oan secured hereby.
Nlwtgagee shall f~om time to time notify morfgagor in writing of the amw,nt due and psyable herevnder and wth wm shall therevpon be due and
; Fayable on the d~e date of the next monthly payment and eath successive month thereafter ur.til mwtgagee shall notify mortgagor of a change in such
~ amovnt. Such sums shall be apptied by mortgagee toward the payment of real property tsxes, insurance prem:ums, and mortgage guaranty insutance
~ premiwns.
! IN WITNESS WHEREOF, the said MORTGAGOR has hereunto set iNS hand and seal the day and yeu first afwesaid.
E ~igned. Sested snd livered in the presente of:
' ~,,..a ~c-~D-s~.~ ,CsLG.I~~~ t~--4
~ ~ wi i~ cne
ap
~ J
~ :~~n
Doris Chen ~~,q .
STATE OF fLORIDR ~
SS.
COUNTY OF
and
Before me perwnally appeared Williaa Cheri i
Dnris Chen `
his wife, to me well known snd known to me to bs
the individuals detcribed in and who executed the forepoirg instrwnsnt, and acknowledped befw~ me that .tl~ey executed the sams fw the purposes ~
therein expressed. And the said Doris C~1@A _
wife of ~,a wiiii~. Chen , ,~.r„a~;~a.~.,~,,, ~
exam~naYwn by me taken sepante a~d apart from her ssid husband, adu~owkdyed fo and before me thaf she exetuted said inst?v ,me~iQreely and volvn- ~
rar~ly and without any compvlsion, constrsiM, apprehan~on, o? fea of or from he~ ssid lwsb~nd.
WITNESS my hand a~d official seal t6:. Z~ day of ~ •~1. D. 19r•.~_
~
, ~ _
.3C4 • >
~ Notary Public in and fw the Sqte =of F~rid~ at lup~ '~j •
~ My Commiuion expires: S . ~ ' ~ 1
Return To: \ • _ ~
~ ~ ~QQ~~ ~
: v . 'r~~
First Federal Savings 3 loan Association " Q 1. •
~n •
~ Of Fort P]erte. '~i~ , ~
~ Fort P~erce, florida ~
'/,~~~~~I///l:i~tltl~~~ \
~ FILEO ~tl~: AfGORDfG -
ST. LUClE (.~UNTY FLA.
ROCE~ 'OITRAS
This Instrument Prepared By J. H. Robetts~ Jt. C~EP.KCln;UltCOURT ~ -
First Federal Savings b loan Association PFCOqO YE%~F1ED~ '
~ of Fort Pierce ~ Rlor~da ~r 1 3 gi PH'73
Checked By ~
253424 '
213 PA~E 2027
ls
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