HomeMy WebLinkAbout2655 3. To p:aca and can~in~wrsty k~ep on bu~:da~y~ now w her~~htr ~i1u~N on said Iand a++d on af1 puiptw++t snd ptna+~lly corHad bY tl?ia morq~ ~ ;
~g~. with all pnrnivms Iherean p+:d in fuU, lire insur~nte in tM uwal u«dud pol:cY faa~, in ~ s••~ aPp~~~d by tho MOt~GAGEE. ~nd w~ndstwm _
~nsw~nc~ in th~ vwal s~anoard po?;cy ta~n. te a wiw ~pprored Sy ~M MURiGAGEE, iw woh canpanfr .v canpama ~s t1~ MOt1GAGEE w~y
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d~roct; snd atl ike ~od windsa.m i~w~ance policks oo any of s.~id bu~td~nga, ~nv inrer~s~ tAerNn w pan ~hr~~of, i~ ~M +~qreqsr~ sum ~fa~said ot . t
in excsss the.~of, ~h+li cuM~in tM u~wt standsrd iworrgage~ c:avs~ a svcb ahe~ clsos~ aa tM Mo~~9+9e~ '^r'y r+q~i~. ^w\"'~ ~s w~d~r sa~d Voli~ ' ~
c~es. ~ach and everY. p+Yat~e ~o taid MORIG~IGEE ss ita in~e~es~ msy aµpcar, a~+d cech ~nd every s~ch µo~~c~ ahall !x promptcy au g~xd and dcli~ered ~o ' :
•ny hs:d by sa:d MORTG~GGfE as fu~tlw security 10 ~~eJ m~xtyi~e drbt, a~d, r~~t leu ths~ ~en (10) dsr: in aJ~a~+u of the sapirat~a+ of eacb po~~cY. ~o d~- s
U+er ~o said AWRTGAGEE a ranewvi th~roof, toge~ha with a rece~pt for the p~s~n~~m of s:rch renewal; ano thcrt shatl ba nodlue o~ w~nds~o.m in Yrante ~1 ; y
p!~~ p~ My oi H:d buildi~„ ~ny ieterraf Ihetein o~ pa~l thtrcoF, uniess in ~ha ~orm and v.ith the ioss paYUble a~ ataesa~ : a~d in ~M eveM an sum w i
of mon~y pecoeMS p+YaDle untk+ wch po~kY a P~K»s.sMd MORTGAGEE thall h+ve tM op~wn ro neeiv~ and ~pply tM s+r~ o~ accou~t of Ms t~dsW~d' t~ 4
ness securad herebY a to pe~mit said A10RTGAC~OkS ~o receiva and ~~e iT o? +~n1 ~:ar~ thereoi ~or oinrr pur~wsrs. .v~~?wu1 th-reo~ vvJ~vi~~'~ w~mpair-
iny any puity, lien or r~ght vnde~ o~ by virlua of rh:i mo:sgape: and ~n the event sa~d MORTG.~GORS sha!! tor any ~eason fail to kecp 1F.e iard p~emifes to''
~ni~red, or (ail M del~~er {xomplty ~ny of said po~~c~es of insura~<O 1o said MORTGAGtE, w fa~l promptty to pay ~vSly any p~M+~vm thetefor Ot ~n a^Y
respect fail ro ps+form, d~uharge, exocute. e{fect, cur~p'e1e, comp~y wi~h +nd ~b~da by thii covenan~, o~ any part he~eof~ u~d MORT:~AGEE may Dl!« ~^d
par to~ such u+wranc~ ar anY psrt thereof w~~lwu~ waiv;n~ a affa~i.~g u+y opriai, lien. equ~ry. o~ ~igh~ unde* w by rrtue o( :hls Mo~eye9e. and ~he S
f,,Il arna~at of each and e~ery suth paymeM shalf be imired~e~e~y due snd payable ~:~d s1+a11 bear iMaresl from tho da~e thcrcof un~il pa~d at the rise ol ~
,,:r:r ~r centum per annu~n a~~d togrthe~ w~th such inSMest sha~i lu secuted by the l:en of this mo~tqa~e. +
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To pumit, commit w svffe. ~o waate, impalrment w dcte~~orotion o( sa~d property a sny put ~he~eof. ~
5. To pay afl and s'ug~sa~ ~M cost~, charges ~nd expenua. N+cludm~ a ~eeso~+~bb ano..+eY~s fee snd cosrs of abstr~cts of titt~. tmirred or pa~d at
any time by sa~d MORiGAGfE, because w in tlx err~t of the ia~ture a~+ the part of ~he said MORTGAGOR to dvly, prompUY snd 1u1'y periwm, d~xharge.
aAe<ute, offeU, compkte, comply w~th and ab:de by each and every tha itipulatw~u, aqr~nx:nb, ca~d~tions, and covenants of u~d pran~sswy ~ote and ~h~s
~.orrgage any w either, ard sa~d costs. charg_s arn! expe~ses, each and every, shalt be immediately due end payable; whether a ~of there be aotice ds
mand. anempt to cdkct w w+t pend~ng; +nd ~he fuli amou~t of ss<h and evey wch paymto~ al?ol, b~ar interea (rpa ~M date thereof uoti! paid at 1he
of ~une per cenwm r~+ annv~~; and a1l.uid costs, char9rs and ea~nses ~rKu:red w paid, ~cqethe~ wdh such inte+esf. shal! be secured by the lieo of thia
mar19a9Q• .
6. That (a) in the eveni of any b~each of this Mw~gage e~ default on ihe pa?t oi fhe MORTGAGOR, or (b) in the eve~t any of uid sums of nw~e~
here:n referred to bs no1 prar.pNy and fully psid within tMrty (30) day~ next aite~ ~he san+e xvera,ty become due ~nd ~sayabl~ witlaut dMUnd o? notite.
or !c) in tl~e evcro esd+ snd every ~he at~p~rta~~o~s. agrremen~s, c~ditions and covenanis of sa:d p~om~sswy ~+ot~ and ~Frs ^~a`9+p~ a^y a' aiths~ +r~ na
i:,~v, p~omptiy a~+d fuCy perForv:ed, d.scharged, eaec~rrd, e~feued, compie~ed. <ompi;ed w~!h and ab~ded `ay, then ir~ eEther or anY suc1~ eveM ~he sa~d ag
~~:.~ate wm mentioned in said promissory note thzn remaining unpa~d. with interest aur~rd: and all moneys setured hereby. ~hatl beto~~e due ~nd paY~
eo'r forthw•T~, w thercaftar, al the opr~c~ of said M0~2TGAGEE, as fu~ly and canpiete~y as il a~I of the sa:d sums ol money were o~~gir?~lly ~t~pu~a~ed
ro be pa:d an svch day, aaything in sa d prom~sswy rwro or i~ ~his Ma~~gagr to fhe cororary notwithstsnding; and thereupon or ihereafte? ~t tht op~~on of
s~.d MORiGAGEE, wit:wut notice or demand, su~t et law w in equny. the~aFore a therraltcr begun: may be prosecuted as ~f af~ ma~eYs sen+rad hereby
r,~:1 matufed ~fWf f0 itS iMlitu:tOt?. ~ .
7. ihat in the evrnt that at the beginn~ng of o~ st any time pe~di~~g any s~~t upc~n rhis Atortgap~, or to fOrotlese it, o? f0 rtfpm M, or fo enforte
~ a ~ment of an~ Un~ms hereunder, said b10RTGAG`_E sbaH apply to the Court hav~r.g iu: ~od:c:~on thereof fo? 1Fw ~~Oir1tIM1l11t OE a RKOivlf. suth Cowl shaN
i_:rti~irh appo7ro a rec~~~er o~ aaid monga~ed prope.ty all and singvlar, inc:ud,ng ati end sirr~~ta. ~F.e i~tome, profits, ~ssves and reverr.xe ~~om whatever
s:•.-cr da~ived, each aad every oi wh:ch, a txing eapreasly ur.darstood, ~s he~eby mortya9rd as ~f speuficaUy set forrh and desu~bed ~r? 1he 9'+^~i-^9 ~^d
t: end~m clsuxs herrof, and svch Rece~ver shail haYe att the b~oad and efiecr~+e (unc+ ons and powers in anywise Mtrusted by ~ Cw~t to s Receiver, +rtd
a_ch appointment shall be made by wch Lovit as en admittcd cq~ity and a ma~ter ot abscJ~te right to said MORTGP.GEE, ~~d without re(ererxe to the
a.:;a,,acy a inadequacy o( the value of the p.ope~ry mo,~gaqed or te the ao,ver,cy o. ~~so~+rency ef sa~d AI1~RiGAGOR a the drfendsnts, and that such
r.•,~s, p.ofirs, income, iuves and revenues shall be app6ed by such Rece~ver acco:drg ~o ~he tie~ o~ equity of said MORiGAGEE and the practice oi such
Co~rt.
8. To du~y, p~«nptly a~x! fuliy pe~form, discha~ge, execute, effect, complete, ca~npi~ w~th and ab~de by each a~d every the stipuiations, ~greemenis,
:~d~uons and covenanta in sa~d promisswy nore arx! th~s ~no+rgage set forth.
9. That in the event the ov.nersh~p of the rrxir!gaged prrm~ses, or any pa*1 tnereof, becomes vested ~n + p~~sw? other than the MORTGAGOR. 1he ~
:~~RTGAGEE, its successo~s and ass~gns, may, w+rhout nc~ice to the A':ORTG~OR, deal with such wcceuor a iuccessor in ooterest with referertce to thia
o•~gage and the debt hereoy secured i~ the same marr.r: az •r.•i'F .'Ne:tgagw witho~t in sey way vitiatinp w discharging the /Awtgagors' liability hertr
-:i,:r or upon the debt hefeby secv:ed. No sa:e of r.:e F:em.:ses hcrrby .m.ortgaged and na fwbearante on the part of the MORIGAGEE w its suctessws
o~ ass~~~s and no extens~on of rhe time fo~ the payrr:cnt of ~he debr herety secured g~ve~ by the 1110R7GAGEE or its svccessws u assgns, sh+~~ op~r+ts
~o re?eax, d~scAu9e, rt+od~fy chang^ or affect the or~g~r.a! liai,siny of the MCRTGAGOR he.eir?, eetF?er in whole ot in put. ~
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10. If i: spetifically agreed tha+ ~ime is of the essence of thia co~dratt and that no waivec of any obligation hareunda' o? of the obligation se-
co•ed hereby sAati at any tirtx rhereaftet Ee h:'d to be a wa~.er oi the terms hereof o~ of tFu inst~ument setured herby.
11. tn add.uo~ ra the iwcge:~x~ month'y paym=nts ef pr;ncpai ar.d insrres+ requ~:ed by the prom~ssory note secv~ed tiereby, mor~gagw covenants ~
+~d agrees to pay to rr.ortgagee vcith cxh rt:~ntMy c~y~.;ent ..n add.riena! sv~n es:•n~ated b/ mortgagee to be equal to 1/ 12 of ~he annuat cosl of the follow-
A-All rcal property taxes levied w assessed ag3~ -st tF.c above deso~bed real estate.
I~ B- Frem:ums on fire and w:ndsto+n~ ~nsura-:e as herein r~-qa'red to be carrird on the ir,;~roveme~ts situate on ~he above desuibed prem~ses.
C-Prerriums on svch morrgage gua.e:.t~ ir.z~ra..ce as mortgagee sha+l frcm t•me ~o time deem fit to carry on the loan aecwed hereby.
Mortgagae sheil frorn ~ime to ti:r.e ~ceify mo~eyagur ~n wrrt,ng of the a^ount due and payabie he+eur~drr aod svch sum sha:l thereupon be due and
,:ab'r on the d~e date of the ne¦t month:j pay~nent ar,d each sutcessive mor.+h ri~realeer ~rtil mwtgagee shaft notify mortgagor of a change in wch
_~~~~~t. Suth sums sha~l be appiied by merrgag>-e ro~a-d the pay.r.ent of reei prope+ty taxes, inwrance prem:un~s, and mortgage guaranty insu~ance
.e•„lums_
IN Y1ITNESS WHEREOf, the said MORiGAGOR has hereunto set his kar.d and seal the day and yssr first afatesaid.
Sgned. Sealed and delivered in H+e presence of: ~t. .
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- -~S Qr U 7. ~ d S ~ e d
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~ ~D
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S':1TE OF FLORIDA ~
C:Ji;~ITY OF _ S~. L uc ie ~
Before me peaawlly appeared Esther Lutz . a sinc~le adult X~ _
~x.r.cx~cxxxxxxXXX~OCXXXXXXxX~OCxX):xxxxXXX~OQOCxxxxx)OtX)OCXXx~;jC~~lc~o rne well known snd known to me to b~
!he individual dewibed in ~nd who executed the fargoi~g instrumcnt, and acknowledged before me Ihatg}~ e:ecuted thR,swnslEql~-purpaes
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~lITNE55 my hand and offiual seal this__ -_-!SZ~~s~ day of ~
, t a`s •
d,
ary Public in and for the S)~~i"~~~lq~±~~
y COTTif310f1 !7[Piflf: ',v y~~~~a~i~~
R~?~.~ ~o: G7""'`" fs' ~9~P~ ~,~-~~i .
,.,rrt,;:~•••''
iirst Feder~l $a~ings b Losn Afso.~at~on ~
Of F.xf P:erce.
fort Picrce, ffo.~da
~{~~~iE couw ir '
This Instrument Prepared By Gary F. E l lvroocl ~~4ER t~~T~$
CLB11R CpRCU
p COIMT ~
First Federal Savings b Loan Association ~~~nRQ y~••~f1E
of Fort Pierce , ~~lori~ia
B~ ga 13 3 a4 PM'Za
Checked y
eoo~~l ~~~Q ~ ;~91460 ~
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