HomeMy WebLinkAbout0219 . ~~r
To plsce and con~inuously kKp on tM b~ild~nps now on c~reafts~ utu~t~ on saW land ~nd oe ~11 equipmeet ~~d pKw+ully cove~cd by this matp~ ~
p~. with all premivmt tMrson pa~d in (ull, tirs insuranc~ in th~ utuai stardud polity form, in ~ tum ~pprovtd by tM MORTGA3EE. and windstorm
~ inw~aoc~ in tM uiwl s~anda.d pol~clr (am. t~ a ium +PWoved by ~M MORTGAGEE, to wd~ conp~~Y w c«^Wni~s u the M~RTGAGEE n++Y
~ ~tt sum afornaid w
dirM~ u+d afl fin ~nd wincistwm insuranc~ policies oe +ny of i~id buiWinys. any ieterest tM+ 9n w~r
~t ~eof. iM Iwi undn w~d poli~
in ~xuss tha~ot, sMll contain the uw~ ~ sundud matpa9ee clauss w such aF~ c1~uw ~s th~ Mwt aqe~
cks. ~sch and ev~ryr. WYabl~ to s~id MORTGAGEE ~ its in~efaat debt.a
+~nd.r~~+o~~ss tM ~~n l~ ) dayt inl1sdvanu o~F+~ e pti ~ton of~each poficYQtoda
any l?dd by s~id MORTGAGEE ~i fwther securib to ~a1d maty+~
IivN 10 ~aid MORTGAGEE a rtMw+l the«of. topslha wi~h • nctipt for the pr~miwn of suth r~newalt u+d IMrt ~F?all b~ no fin w windswrm insu~anc~ .
plac~d on ~ny of said buildirgs. ~mr inter~st 1Mrein a put tMrwf, vnl~u i~ tia form and witl? tM loss WYi~ as ~tor~uidj and in tM event a~y s~m ;
of naney beca.?~i p+Yabl~ v~der such policy w polici~~ s+d MORTGAGEE ~hsll h~w 1M option ro rscaiv~ and ~pply ths same o~ +ccount of tFx indsbied~
nsss s~cu~~d 1pr~by w a ptrmlt s+id MORTGAGORS to rKeiw u~d us~ it o~ a~y part thereof fw other purposcs, wilhout thereb~ waiviny o~ ~mpair-
inp any puity, lise? or right ue~da~ w by virtw of this mortgapt: ~nd in tM ~v+nt said MORTGAGORS s1?all fw any reswn fail to kaep ths s~id pr~mise~ w
ir+iured. or fai) to dsliver prompttY +^Y ~ s+~ Policies of insur~+c~ to said MORTGAGEE. w fail promptly to paY h+lty ~~y prtmium t!?erefor a in anY
with and abid~ by this wvenant, o~ ~ny part hs~eof. s+ld MORTGAGEE may pl+u ~^d ;
respect fail a pafw~?. ~schu9~. ~xecuts. ~HM. comp~ete. comph
PaY fa such insura~c~ a eny p+?t ~M.aof without wahrinp a ~ffectinp ~ny op~io+~. Y~. eqvi~y. a ~iQM ur~Jer or by vi.h?s of this Mor~~ape. a~ the ;
fufl ~+wunt ot esch a~d evay ~uch p+Y^N^t fF++ll b~ immediately dw and p+Ysbl~ and ahall bear intsres~ i~om th~ dat~ thereof until pa~d at tM rat~ ot E
nin~ pN cw+tum pM amum and te~qether with wch iMtrest sM~l bs setwed by th~ li~n of this mat~ap~. P
1. To permit. oommit a suffer no wait~. lmpsirment w d~terioratia+ of s~id propsrtY w a~+Y P+N ~~°Of. ~
5. To pay ~II and sinaulsr th~ coits, chupes +nd exP~^se+~ includinp ~ reasonable ~tianey's fe~ u~d costs of ~bs~rscts of titls. incuned a p+~d at
sny time by said MORTGAGEE, because w i~? t1+s ~vent of the fsilu~e a? the part of the said MORTGAGOR 1o d~ly, p+omPNy and fully psrfwm, d~scharge.
execvt~, tffect. compkt~. compty with and abid~ by ~ach and wery the stipul+nons, +presmenn. cad~fions. s^d oo~~^°nn of s~id promissory ~ote and this
mxty~ a~y or eithe~, and said cosn, thuyea and e:penws. ssch and every, sMll be immadiatety dw snd p+Y+ble: whe~her w not ~her~ bt notice dr
msnd, sttempt ro colkct or suwt p~e+ding; snd ths full enw~+M of esch and every wch P+Yrr~m shall bsa~ inreresf f~an tM dat~ thsreof until paid a~ tM
raro of nioe Fer centum per annum; and all said tosts, charges snd expenses inc~rrad or paid. logather with uxh interest. shall be setured by the lia? of thw
mortp+~e. -
6. That in tM eveet of soy breach of ~is Maty~ge or def~ult on th~ part of tM MORTGAGOR, or (b) in the eve^t ~^Y of said sum~ of money
herein r~ferr~d To bs not promptly and fully psid within thirty (30) days nexl after the same s~verally becane dw and WY+~. witlaut dem+~d a notice.
or W in tM went eath and every ~he stip~rlations, agreeme~~s. ca+ditions and covenants of sa~d p~omissory ~ote and th~s mortsay~ any a ~ither a~e no1
ivly, prompdy and futly periwmed. dixhar9ed, exacvted. efFected, compkted. complied with and abided by. the++ ir~ ather a any such ~vent the s+id sg
gregat~ wm mentio~ed in said promissory note fhen ~emaininy ~rnpaid, with intcrest acuued. a~d all moneys saa+red Ixreby. sh+ll becom~ due and psy-
abte fathwith, Of t~1QfNNN. at the option of said MORTGAGEE, ss fully ar,d comPlate~Y ~s if ~II of ths wid sums af ^1O^°Y sftergatat'he sop~on o
ro be paid on such day. anythiop .in ssid prom+uo+Y note or in this Mortpage to the contrary notwithsanding: a~d thereupa+
said MORTGAGEE. without r?o~ice w demand, suit ai taw a~n eq+ritY, thare(ore or the~eafter be9un, maY bs Prwecuted as if all moneys searrad hereby
had matuted prw? to ib it?stitutio~. . . -
7. That in the eveet that at the beginnie+p of or st ~ny time pending any suil ~pon this Morty+ge, or 1o fo?ecbae it, w to refwm lt, a ro enforn
payment of aoy clsims hrcu~de+, s+id MORTGAGEE shaa'Uiind si~ vlar, includ~vi~ snd ingu~ar~M ifncane. P?ofiq,~~is+ues~+"dRecys^uessfromCwhateve'r
fathwith appoint.~ receiver of ssid mwt9+ged popeNX ^9 ^9 :
souru dsrived, each ~~d every of which. it beinp expreuly undnstood..is 1+e~eby mor~ga9ec! +s if specifically set fath and desvibed in the yranting snd
habendum clauaes luroof, snd such Receive. sFwlf have aif the brwd and effective functions end pow~rs in snywise entrusted by + Court to s Receiver, snd ,
such sppoinlmeM sha~l be mads bY wch Ca+rt u+n ~dmitted equiry and a a++tter oi absolute ri9ht to ssid MORTGAGEE, and without reference to ths
edequacy or inxkqwq of the value of the p.operhr mw~9ag~d a~o ~?~e s°~Vefry '^sO~vency of sa+d MORTGAGOR or the def~nda~ts, and that iuch
rents, profin, income. issues and re~ie^ues sA+~~ b° ~PP~~ by s~ch Receiver xcording to the I'~en or equity of iaid MORTGAGEE snd the pradice of such
Court. _
8. To dvly. prornptly and fully perform, discharga, execute, effect, complete, comp~Y with and abide by each.and eraY ~he stiputatans, agreeme*~ts,
condit'ara and covenants in said prortussorY ~ote and this mort9age set fortF?. "
9. That in ths event the ownership of th~ mortgsged prcmises, or any part thereof, becomes-vested in • penon other than the MORTGAGOR, ths
MORTGAGEE, ib successora and augns, m+y, w~?hout notice to' the MORTGAOR, deat with such suctessor or succsssw ?n iMetest w~~h refere~ce to this
mwfgage and the debl hereby secured in the same ma~~e+ u with Mortgagw without in any wsy vitiati~ or distharging the Mortgsgo~s' lisbility here-
under w upon ths debt hereby secwed• No sale of the ptemises hereby mort9i9td end ^o f°'bea'~^u tM P+~ of the MORTGAGEE or its succeuors
or assigm snd no extension of the time fw the paymenf of the debt hereby secured given by the MORTGAGEE or its suctessus ot assipns. sh+~~ eP~~ate
to reiease, discfWrge, modify cMnge or affect the original liability of the MORTGAGOR hsrein, either in whok or in P+?~•
10. It is specifically agreed lhst time is of the essence of this contratt end that no waiver of any oblig~tion here~nder or of ths obligat'an sr
cured hereby shall at any time thereafte? be hetd fo be a waiver of the terms he?eoi p of the instrumeM secured htrby.
11. In additior? to the forego:ng momhly payments of prinCpal and ~~~erest required by the praniuory note secured hcreby, morl9agor covenanfs
and agrees to pay ?e mortgagee with each monthly payment an add~iional sum estimated by mor19a9ee fo be equal to 1/12 of the annual cost of the fo{low-
ing:
A-All real prope?ty t~xes levied or usessed against the above desuibed re~l estate.
B-Premiums on fi~e and windstorm insurantr as herein requ~red to be carried on ~he ~mPre~eme^n siNste on the above desviced premises•
~ C-Premivms on such mortgage gva?anty insuqnct as rtwrtgagee shal! from time to time deem fit to carry on the loan setured hereby.
E Mortgagee shalf frwn time ro time nolify mwtgagw in writing of the amount due and paYsbk hereunder and such wm s1wN tlxreupon be due ~nd
payable on the due date of the ~+ext moMhSy payn+ent and exh successive month thereafter ur.~il mortgsgee shall ~?otify mwtgagor of a change in such
~ amouM. Such svrea ehall b~ +VPtiod by mortgagee toward the p+yment of real p?operty ta:es, insurance p?em~ums, and mortgage guaranty inwrsnce
~ premiums. ~
iN WITNE55 WHEREOF, the said NIORTGAGOR has hereunto xt his hand and seal the day snd yes?- first a id-
Siyned, Seated and delivered in the presence of:
~ fu.EO ~~o aECOaoEO o
sj. ~uc~e couMS~t Fu?. ~
- ROCER POITRAS L _ .
CIER~ C~i;CUII COUR ~
RFC6!?C V.~+tflf0 Sea~
STATE Of FLORIDA 1 Z~
, . ~ ~ ~s3s~ ~
courm oF ' St. Lucie ~ ,
Gerald R. Flynn .~a ;
Befwe me personaliy appeared '
Bettv A. F1yT1fl his wife, to me well known end known to me to be
the individwls dew~bed in +nd who exK++ted the foreyarg instrument, and ackrtowtedged before me that they exnwted ths same for tha pvrposes
~xa~,~a. ,~,d tn~ Bett A. Fl nn .
wife of tM said Gerald A. Flyr11Z upon a sepa!ite b~ld priv;t~
exsminatwe+ by me taken separate snd apart from her said husband, ~dcnowled9ed to "^d before me that *shs executed sa~d irqtrument, fr~ely a+d volw~-
rarity and w~thour ~ny compulsion, constraint, spprehension, or feu of a from her said hvsband.
WITNESS my hsnd and official sesl thi: r~~/~- day of October ::~?.~g:.:19~-
~t~r' =
~5 r- - i;, .a~$:
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~ Notary Public in and t aft ~i~. //~~~r
~ My Commiuio~ exp es: : :
.t-
Return Ta . , . , ~~r ~j r-Y. •sj., ~
fint federd Savinys 3 loan Assotiation 'f n~~; ~t~
S 'r
pf fott P~erce. , ~.f7i~l'~ ~ ~ '
fort Pierce. Flwida • ~ ~l v.~~ .~osi i.~.eiz ~~j,.i ~~~d .
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This Instrument Prepared By Richard K. ICayes ~~iV si'A~~ '
First Federal Savings ~ loan Association `
of Fort Pierce , Florida
Checked By ~ BOOK P~ 219
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