HomeMy WebLinkAbout0934 To piac~ and confinuouiiy keep on 1he bvi?d~ng~ now a hereaffer ~ituste on ~aid land and on ~11 eqviprtKM u+d pe?w^ally cov~~ed by ~his mwtp~
ege, with all premivmi thercon ps~d ~n full, 1~re insur~nce in tM u~val ~tandard policy Iwm, in ~ tu'n npP'oo,vtd~~^
y~R~ ~C' MORiGAGEE , ay
~nsu~a+ce in 1he v~uai s~andard pol~cy lo~m, in s sum ~pprorcd by ~M MORTGAGEE, in ~uch co~+p+ Y ~ ~~m ata~ss3d or
di:ectj ~nd a11 fire and windstorm insu~ance .policiea a+ •ny of sa~d b~+~~d~n9s. ~ny inlerast thtrsi~ ot pa?1 fhet~of, in tM agq ~p
i~ excets the?eof, shall co~tain the ususl s:and+rd mwtgagee dauss or auch o~hs~ <laus~ +i tMYAAatg ~ maY requu~, ma; ng i?ie ~ a~+n~'~~'d~
to
c~e~, each and every, payabl~ ~o said MORTGAGEE as ~ts in~eres~ may appear, and each and eve~ such ~~c shall be promp Y 9
any heW by said JNORTGAGEE as turther security to said mw?9age dab~, end, no? less tMn ten (10) days in advanc~ of the ~xp~~al~on ol e~ch policy, to dr
l;ver to t+id MORTGAGfE ~ renewal thereof, together w:~h a rece~pt tor ?he premium of euth ~enewai; and ~here sMll b~ no fire or wind~lo~m insur~~c~
pleced on ~~y o1 said buiidi~+gs, •ny interest therein or part thereol, unSess in the form and w~th the ~ou p+Yabk as afaesaid; and in the eveM +~Y s~~+ ~
of mon~y beta+ws payable undN such polety or po~~uss ~aid MORTGAGEE shall Mve rM opt~on ~o r~ceive a~xl spply ths ~ame a+ accoun~ of the indeb~ad- -
~ess s~cured hereby w ro permit said MORTGAGORS to retcive and use it w any part ~hereof fw other purposes, ~v~tho~t thr~to~ waiv~ng o~ m+pai~'
ing any puity, lien a riflht undx or by virtua of this mo: t9a9ej +nd i~ the event u~d l~10ATGAGORS shall for any reason fail to keep ~he said premisrs so
in:ured, o~ fai) 1o deliver promp?IY ~^Y o( s+id po~Kies of insu~ance to sa~d MORTGAGEE, w fail pcomptly to pay fully +ny p~emium therefor w in anY
respect fail to pe~fwm, discharqe, execute, e1letl, compirte, com{~:/ w~~h end abide by this cove~ant, a~ny part hrreof, sa~d MORTGAGEE may plece and
~(or such insurante or u+Y Wtt thertof without waivin9 or affecring anY o}~t~un, lien, eqv~ty. w right under or by virtue of this Morlgage. •nd the
_ , . i...... .h. .1~,. ~l.~reot un~il oaid a1 the r~ro ot
f~il amount of each and every ~uch paymero shau oe ~nunaa~~~r~y ~.+o o~~.: w,--'-
n~ne per centum pe~ annum and to~ether w~1h such interest shalt be sac~red by the Gen oi th~s matqage.
4. To permit, commit or suffm no waste, impaunxnt w de~eriorotion of sa~d prope~ty w any part 1he~eof.
i, io paY all and singulsr the cost~, char9d and expe~ses, including a reaaonab!e atlo~ney i fee and costs of sbstrMS of title, incurred w pa~d at
any fime by said titORTGAGfE, because w in ~~x evant o( the ta~lure on the Pe~~ of the said MORTGAGOR to duty, promp~ly and fu~ly perform, d~xher9e.
~Racute, ef(ect, co.np~ete, tomp~y with and ab:de by each and every the stipu~at~ons, ag~eemenri, condiua?s, and covenan~; of said promissory note and ~his
i:origage any w either, and sa~d costs, chargea and expensas, each and every, shail be imn+ed~alely due and psyable; whNher or rwt ther~ be no?ice de
r„and, attempt to co1tM w tuit pcnd~ng; and the fvll amovnt of each and eve~y surh paymen~ ~hall bear interest from the date tl+ereof untii paid at the
~e o' nina per cenwm pNt annum; ane~ aU said tosta, c6aiges and ez~;enses mtuared o? paid, logether with suth iMerest, sha~~ be setu?ed bY the ~~en oi thif
mortgage.
6. Yha1 (a) in the event of any breach of this Mortgage or defaolt on thr pa~t of thc MORTGAGOR, a(b? e~nt ~ny of ssjd tvrns of money
hrrein referred so be no~ promptly and fu~ly psid within thirty (30) day~ nexl_atter ~he same severafly become d~?e and pay+ble. wilhout demand w notice,
or ;c) in the eveM aech and every the stipuletions, agreements, conditions snd covenanrs ol sa~d p~omissory no~e and th~f mwtgsge +~Y or e~~he~ +re ~
i.,ly, prompNy ar+d futly perfwmed, d:scharged, executed, effe:ted, completed, compi:ed with and ab~aed 5Y, 1Fxn in either w any such evenf 1he said ag
a~c~ate sum mentioned ~n said promissory note 1he~ remaining unpaid, with iNrrest atcrued, and ail moneys secured he~eby, sMll betwne dv! and pay-
+o.e forthwith, w thereafter, at the option of said MORIGAGEE, as iulty a~xl comp:etely as if all of tF.c said sums ot money were onginally ttipulated
ro be pe~d on such da/, aoything in sa:d pro~r.~ssuy oote or Yn this Alorrgage ~o the contrary nofwithstanding; and Ihereupon w lhere~fter at Ihe op~~on of
s~ d MORTGAGEE, without notice or ~rt,arxl, suit a1 law w in eqwtY. therefore or ~he+eafter begun, may be prosecuted as if all rtwneys secured hereby
n,!~ !r.ar~~..~ nr~or to its inflitutiOfl.
7. That in the eveM that at the beginn+ng of o~ at any time pe+*d~~g ar,y su~t upon this Mwtgsge, w to foretlose it, o~ to retorm ii, w io erli0iw
ment of ar+y detms hereunder, sa~d MORTGAG~E shail ayply to the Cou~t hav~~:g ~ur~sd~U~on thereaf for ~he apparoment of s Receiver, such Court shal)
fv•~hw~th appoint a receiver of said mortgagrd p?oprrty all and sing~Iar, inct~d~ng all and singulsr the income. p~ofits, iuues sod rwe~ues irom whatever
sc ~•cr de~~ved, each and every of whkh, it being expressly unders~ood, ~s hereby morlgaged as if spec~i~cally set fath and deuribed in the g~soting aod
?~-,i>endvm dauses hereof, and such Receiver shaH have sU the broad a~d efiecrive fur.c::or.s and power• in anywise entrusled bY a Cov~t to s Receiver, and
s_:h appointme~t shafl be made by such Court as an admitted equi:y and a~ratter of absolute rigM ro said MORiGAGEE, and withoul referente to the
adeqwq or inadequacy of the value of the prope.ty mor~gaqed or to the sonrnty er ~~,son•ency o{ said MOR(GAGOR a the deiendants, and ~hat such
~c•,rs, profits, income, issues and revenues shaU be appl~ed by such Rete~+e~ ac.oru~ng to the lien or equity of said MORTGAGEE and the praclite of such
Cc ~ rt.
8. To d~ly, prcmptty and ~ufly pe~form, discharge, execute, effect, compfete, ccmpiy w+~h and abide by eath and every the stipulations, agreements,
.c;~~rihions and cavenann in se~d promissory nore ar.d ~h:s ~nortgage set forth.
9. That in the event the ownenhip of the mo~tgaged prenuses. o~ a:ry parf tF+erecf, becomes vested in a penon other thsn the MORiGAGOR, ~the
:"~RTGAGfE, ite wuessors and ass~gns, may, wi:hout nor;ce to riw M~RiGFOR, deai witF such successw or successw in i~terest with referer~ce to this
c•tgage an3 thr debt hereby secured in the sam.e ma~ner as w~th lhortgagor v:~tt~out in any way vit~atirtg or distharging the Mortgagors' liability here~
~-.d:r or upon the debt hereby secured. No sa:e ei tf~e Fremises hereb~ mcrtgaged and no forbearante on ~he pari of Ihe MORTGAGEE w ita suctessors
~r ass~gns and no extens~on of the time (ar the paymem of the debt h:=~et,y secured g~ven by the MORTGAGEE or its successors o~ au~g~?s, aha~~ operate
~e re~ease, d~scharge, mod~fy change o? aiied ihe or~y~nat :~a~~~~s~ o` :he A'C4IGAG4R hare~^, e~~her in whole w in puf.
10. It is spec:ficalfy agreed that time is of th? essence of this conuact and tl~at no waiver of any ob~igation hereunder or of ihe,obligatiOn se-
_~~::d Ferreby shafl st any time thereaiter 5e held to bc a waiver of tFx terms hereof w of the instrumeN secured herby.
11. In add.tie~ ~o the Forego'~g ~~onthiy paym^r.ts of pri:+c"~at and ~~ter_=s! requ~red by the promissory note secured he~eby, mortgagor toreeants
~~;i ayrees to pay to mo:rgagee w~th each mon.h!y payr::ent art adJ~rionat sum estin:ated b~ morrgagee to be equal to 1l12 of the annuat cost of fne follow-
I A-Atl real property taxes levied or assessed against the aL•~ve desvibed reaf estate.
~ B- Premi~ms on 6re and windstonn insurar.ce as here~n requ:red to be carried en ~he improvements situate on the above desuibed premises.
` C-Prem;u~~s on svch mortgage guaranty icsuraace as mo•tgagee si,atl fron t me to tune deem fit to tarry on fhe loan sewred hereby.
! o-lgagee shail from time to t~•ne not~fy mortgagor ~n wr~t,ng of the arrount dve and payable hereundrr and such sum shal~ thereupon be due and
3 .;b!e on the due cate of the neYt mon!h:y paymenr and each successwe monrh thereahcr ur,til mortgagee shall notify mortgagor of a change in such
~ -o~nt. Such s~ms shaii be app!ied by mortgagee ter,a~d the paymeni of rea) prope~ty taxes, insurance prem.ums, and rtw~igage guaranyy insurante
clums. '
IN Y1ITIJE55 'IVHEREOF, the sa~d MORTGAGOR has hereunto set his hand snd seal the day and year first atoresaed.
~ $-y ,$e and delivered i~ tfie p?esence of: -
aq
ar. es . u ney ~
~ n
, r i ~ u q
~"~TE OF FLORIDA t
~ ~
,_;I;NTYOF St. Lucie 1
Befo~e me penonaily appeared C17~ rl@S J 'dullaney - s„d
Kartina '~lullanev hii wiie, to me well known and known 1o me to bs
~nd~viduals described in and who execured the foregoing instrument, ,snd acknowtedged before me that theY executed the same for the pvrposes
r* _•e~n expressed. And the said_ 'ta rt ina ~tullaney -
~ : fr of the ~~d _ Charles .J. Nullaney upon s sepuate and priwte
~ ~.a-,,:nat~on by me taken separate and apart from her said husband, atknovvledged to and before me that she e:etuted sa~d instrument freely and volum
; ~~y and w~thout any compulsion, constraint, apprehension,- oOr fear of or from her uid husband.
~YITNE55 my hand and official seal this_ a4..TiL/ - day of ul A. D. 19 74
s~
~ tary Pubtic i~ and fw the State of Fbrida at Lar
p~-F
Y Commission expires: `~'~``,~`y~~ l~f~!/, .
~ Resurn Ta. 1~ - ~
T b y',.
~ F~rst Federal Savings b loan Association ' ' ,
•:a , . i~ :
Of Fort P:erce. l' • ~'+~Q ~
fort Pierce, flo~ida ~Q~p " ; L" Z
~~.0 R1tt' P.E~r~'~ il~ " _ , ~~0/ ~ C.~ ; U: =
Lu~~E t:9~M ~ i : v~ ~ ? . _ .
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Poita~i • ` ~
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~k c.,cvtit C4 ,-i L ' . : -y : .
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~ This Instrument Prepared By Robert Swishe~p~~~ i:_~=~~`~ •
f~~ ; • ~%~~5~~~~~~;.,
u ~
First Federal Savings 8~ loan Association
~ of Fort Pierce , Flozicia y~ ~ 3 Q~7 - .''•~tf~ ^ ,
d~ ne?i~~~i~? ~
~~f ~ - j~.'~~.~t ~.:4z~:'.,~.~~?
~
Checked Bya ~~~,98 .
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BOOK23U PA~ 934 . . ~ ~sw
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