HomeMy WebLinkAbout2015 To plact and cont~nva:•sly keep on ~he bu~'d~~~gs now a herrahe~ uwau on sa'~ luxi and on dl equ~p-*+e~t and personallY :ova~ed bY ~~ti
~ge. w~ih al) pr~rrUUnu thsreon p+id in (utt. tire inswance i~ fhe uaua~ s~ao~ard pot~cy torm, i~ • iun~ appoved by t^
~MORi ~C+ M~RiGAGFE s1~++Y -
insw+.x~ Fn tM vsuel ~~anda~d po~;cy ~w.~, in a swr. ap~or~d by ~h~ MORTGAGEE. in tuch canpan~ o~ cwn{v
dirKtj and al! f'a~ and w~~duo~m i~wrance p~i~c~r: on +~y o( s~~d build.rgs, any inurest the.ei~ w p«t ~F+a~wl, in ~M a89~sya~e su+n ~iwesa~d or
in ~xcas ?hersof. shall cor~ain ~ht us~~al standud morgagee clauss or zuch otha claus~ u th~ Ma~Q~4e+ ma/ rcqu;r~. matirg ~ho ioss undu s+~d Pol~
cics, ra:h ~nd ~vsry. WYabte ~o sa~d MORiGAGfE as irs in~ere~~ ~+~ay appeu. and each and eve.y iuch Po1KI shall be promp+ly ass gned a.~d deti+:rred ro
4~v heW by sa~d MORiGAGEE as fu•rha~ seturiry to sa~d r x~gags debt. ~nd. not iess tMn ten 1101 dsys in ad~a-~ce of the e~pir~tar? of esch policy. ta da
Gve~ ro w~d MORiGAGEE • renewal ths?eoi, sope?hK w~~h i f4C~iNt io~ ~he prem~um of such renewal; and ~hrro shail k,e no f~~e or w~~xls~or~n ~nsurance .
pl~ced on ~ey of said buitd~ngs, any iroeres~ ther~~~ w p+~t th~reo(, untr~s in th~ fwm aod wnh ~ix toss payablt as ataec~id; anul tn ~he even~ any ium
ced
of monty becomes payable u~ iuch policy or pol~cies said MORTGAGEE shall Mva ~M opt~on ro~eceive and apFly Ihe sarne on accouM o1 ths indeb~
neu sstured he~eby or to permil said MORTGAGORS lo ~eceiva and use it p any part thercoi fu oti~er pwposes. v.~~lx~~t th.~eo~ ~va~.~:~g ~~~~1P31f- '
iny ~ny eQv~ry. l~en a ryh~ under u by v'aav of this mortya~e; and i~ the event sa:d MORTGAGORS sha!1 fa any ~eason fail to keep ~he sa~d Prem~scs ~o ,
insured p fail b dtlivet prompliy any of said pOlities of insursnte to sa~d MORTGAGfE. o~ fail prnmptly lo p~y luily a~y premwm therefot ot in a~y ti
respect fai! b pe~lwm. J~uhuge. execute, e(fect, complete. comply wi~h and abide by this covenant, or any part hareof, sa~d MORiGAGEE maY P~+~ +"a ~
fu I smou++t of eacr and evs~y such paYment ahah
II be ±'mrnediaclyfdw and payabls
ane! s!?aflubea~ ~nteres~ f~om the d~ evti+ereoifu~ il ps~~t at ~he,~~e,o f
r,:ne ps~ cenTVm per aruwm and ta~ethrr wi~h such interesr shall M srcured by Ihe lien of this morrgage. ,
l. To ptrmit, canmit or suffer no waste. impairment a deteriorat~a+ of sa~d propaty a any paN thcreof.
S, To pay all and si~gular the cos~s, ch+rges and expenses. ~ncluding a reasonable attorney i fee +~+d costs of abstracts of tide. incw?ed a pa~d at
sny ti~ne by ssid MORTGAG.E, because a en tAe eveN of the failure on Ihe psrt of Ihe sa~d MORTGAGOR to duly. Promptly and fully periorm, d~ut+arge.
:,cetute. etfect. complete. compty w~th and ab:de by each u+d every ~he sti?vlatbns, agree+nen.s. ca+Jitions, snd covenants of said promisswy note and thu
mwt9~e any o? eirhe~, srsd sa~d costs, charges and expa+ses. each and ever;, shall be immediately due and parsble; whefher w no~ thrre be norKe da
a-and. +ttcmpt to collect or wi~ pe~d~ng; a~d the full amount of exh and e~e~y wch Wyme^t sMll bear interest iran the date tF+ereoF until paid at the
~a~c ~f nine per centum prr annu.~n; end afl said costs, charges and expc~ises intu~red or paid, together w~th such interest, shall bt secu~ed by tha lien of this
~.ro,9..
6. TMt in the event of a~y breach of this lMortgage w deiaul~ on •he part of the MORTGAGOR, w(b) in the even~ ~nY of sa~d swns of nwney ~
hrrein rcferred to be r.o1 prompdy snd fully paid within th;rty (30) days oex~ sfter the same sevcralty become due +~d p+yable. witha:t demand or notice.
or in the event each and every ~he t~ipulatians, agreements. cond~tions and covenar,ts of sa~d pror?~~uo~y note and th~a mw~page ,.~~y a e~ther s-e ~
~uly. promptly aod fully performed. d:uha~ged, executed. effctted. completed, cernpl~ed wi:h snd abided by, then in e~ther w any avcr ereM the sa~d ag
gregah wm menr'aned in said {xomisswy note ti+en remaining unpaid. with interest scuucd. and all mo~ys setured F~reby. shall become due and pay-
abte tathwith, w tF~eafte.. at tF~e oprion of said MORTGAGEE, as fully snd completely as il ~II of ths said sums of mo~ey we~e o+g~~+~~Y st~pulated
to be pa~d on such day, anything in sa:d prom~ssory note or in this Mortgage to the con~.ary notwithstanding; and thereupon a thereafte~ at the option of
sa~d 1NORTGAGEE, without notice o~ denwnd. wit at law or in equity,-the*efo~e w thereaher begun, may be {xosec~ted as if all rraneys secwec hereby
nad rt~twcd ptror to its it~stirution.
7. That in the event that at the beginn~ng of w st any time pend~ng any wit vpo~ th~s Nbrtgage, a 1o fweclose it, a to rcfwm it, w ro cnTor:e
payment of any claims haevndr?. u~d 1NORTGAGEE shafl apply to the Court ha~ing jur~sd~c~~on ~hereol for +he ~ppo~ntrn~nl of a Receiver. sucl~ Court shall
forthwith appoim a~eceiver of said mortgaged property atl and singula~, includ~ng aU and s~ngula~ the income, profits, issues and revenues from whatever
scurce derived, eath and every of which, it being expressly understood, is hereby. mortgaged as if spec~ficaily xt fwth a~+d described in the granting and
hnbendum c4uses hereof, ared such Receiver shs!1 heve all the broad and eifecrive funct~ons a:~d puwers in anyw~se entrusted by a Cou~f to a Receiver, snd
s:c!+ appointnunt shall be made by s~ch Court as an admi~ted equity and a mauer of absofutr right to said MORTGAGEE, and vr:tlwv: ~efcrence to the
adrquacy w inatkquacy oi the v~lue of the p~operty mwtgaged w to the so~vency or ~nsolvency of said MORiGAGOR a the dete~dants, and that such
re~~s, profits, income, iuues and reveoues ahall be applied by such Receive~ accord~ng to the Gen w equ~ty of said MORTGAGEE ~nd the prec~ice of su:h
CouA.
8. To duly, promptty and fully pe?fam, discharge, execute, effect, complete, comp~y with and abide hy eath and e~ery the stipulations, agreements,
cond~~ioro and covenan~s i~ w~d From:uwy ~oie and th~s mortqage set fath_
9. That in the evrnt the ownership of the mwtgaged prcm;ses, or any part thereof, becon+es vested in a person other than the MORTGACa~R, the -
.ti;ORTGAG~E, in wccessors and au~gns, may, wirhout norice to ~he MORTGAOR, deal wi~h such successo? or successw in interest wiih reterence to th~s
mortgage and the deb~ hereby secured in the same manne~ as with Mortgagor without in a~y way vitiating or d~uharging the I~brtgago~i (iabiliry herr
~nder w upon the debt hereby secwed. No sale of the premises hereby mwtgaged and no 1o?bearance a+ the part of the IAORTGAGEE or its svccessors
or au~gm and no eatension of she nme fa the payment ot the debt hereby secured given by tha MORTGAGEE w its successors or ass~gns, s~~+~~ ope~ate
ro rekase, d~scharge, modify change w affect the org~nal IiatNl~ty of ttx MURiGAGOR herein, either in whok or in psrt-
10. h is specificafly agreed that twne is of the esxnce of this contract and that no waiver o( any obfigatan he~eunder or of the obligation sr
cvred hereby ahali at an~ time thereafttr be held to bt s waiver of the terms hereol or of fhe instrument secured herby.
11. In add:tio~ to the fwego:rx~ mor+thly paymants oF prir.c'pal and in~erest required by the promissory no!e secured hereby, mwtgagw covenants
and agrees to pay to mo:tgagee w~th exh monthly payr:~ent an addrtionai svm est~mated by mortgagee to be equal to 1%12 of the annua{ cost oT the folbw-
irq:
A-All real property taxes lev~ed w asussed agai~st thc above descr:bed r~af estate.
i B-Premiums ort fue and windstorm insurar.ce as herein requ~~ed to be carried on the improvemeats situate 4~ 1h~r above desu~bed ptem~ses-
~ C-Premiwns on sv_h mortgage gvaranty insurar~ce as mortgagee sha11 fro:n t;me to t~me deem fit to carry on the loan secured hereby.
Mptgagee stwll from time to time notify mwtgagor in xrit~ng of the amount due and p~yabk ~eu+~der and such surn shall ~hcreupon be due and
' r.3yable on thr due date of !he neat mo.~thly payment arid each successive month thereafte? ur.til mortgsgee shall notify mortgagw of a charge in such
kI ~~-,ount_ Such sums shaii be appiird by mortgagee toward the payment of real property taxes, insurance p~em.ums, and mo. tgage guaranr~ insurance
I p•emiumS.
IN YIITNE55 WHfREOF, tne said MORTGAGOR has hereunto xt his hand and seal the day and year first a4w~wid_
Signed. Sealed and delivered in the presence uf: / ~ n
s0 At10Q~~~ ~r iµ ~c~z
i'~~~ ~ ts~+D
~~4~ PAIT C~T
A~t..~:7~iL _ is.a4
- REQORO vERif I 0~ ~ ls~,n
SiATE OF FLORIDA ~ ~ " ~
St. Lucie 2~980
tourm oF
e~ra~ persona!!y appeared BY08CICll1S L. Garnett
Patrieia S rnet* his wife, to me well known and known to me to be
the ~dividuals described in ~nd who executed the fwegoing instrurrtent, and acknowkdged before me that they e:ecuted tFx same for the purposes
therein ~x~.esxd_ n~d tn~ ~~a Patricia S Garnett
w~fe of the said Broaddus L.. ~rriet t _ upon a separste u~d private
exam:nat~on by me ta4zv~ sepsrate and apast fro.~n her said husband, atknowledged ~o +~+d befwe me that she executed sa~d ~nstrument freely u~d volun-
tar~+.y ind w7tFout any corr•puls'wn, constraint, spprehe ~ w fesr of w from her ssid husband.
WiThESS my hand and official xal this ~ day of tember A O. 19Z~
0
Notary Public io a for th~State of Fbrida at Luye
My Ccmmiuion pires:
,
Return T« ~
First Fe.~ersl Savings b lw~ Association ~
Of Fort P:e: ct. , _ - - ~ ~
. t
Fort P~rrce, F~wida NoTA2Y PN?~!r, STATE of fIORIDA ~t LA~iE ' "
!!Y i_~?.:': !S~~;,~i E~?!S~~ JAH. - 7.,,•~77 tf- ; s#
buntic~ (~f:l:(1t2A ii3.1kEt5 1451~77~(~~ ~
_ ~.t : ~ : ~ ; ~ _ ~ i
This Instrument Prepared Sy Richard K. Kayes ~
First Federal ~avings b Loan Association , ~.s.~••.., , ~,`.•~Gc : "
of Fort Pierce ~ ~Iorida ~7~15~
~~~~/f~i~~~n:i~n,.,•• .
C~7@C~c~ By ~a~
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