HomeMy WebLinkAbout0411 To piac~ aed contin~ously keep on iM bui!d~~gs ~ow a i?uaaf~K ~ituar~ on said land +nd on all puipm~nt ~nd psna+ally cove~ad by thii mort¢
ag~, with ~II premiums thsrew~ pa~d in fuli, !hs i~suranu ~ ~M uswl ~unda~d policy form, in ~ ium app~ov~d by 1M MORIGAGEE, a~d windstwm
inwrann 1n th~ ~nwi s~~nc+ard potity lan?, in •~um ~pp~ov~d by th~ MORiGAGEE, in wcA. torop+~Y a~a^+P+ni~+ ss tM MORTGAGEE m+r ,f
di~~dt and all tkt ~nd w~nd~wrm inswanc~ polici~s on any of ~aid buitd~npe. any Int~«~~ the.ein ar put tF~e~co(, in tM ipy*e9+~~ wm ~ia~said or -
in sac~si Ihenol. sh+ll ca+l+in tM uiwt s~andard er+ott9aget clause w u~cfi aher dauas ~s tM Mat9apN may rpu~n, maki the toss ~nd~~ ~+~d Po~i~ ~
uy. sach and evay. paYable to uid AA~RTGAGEE as ~~a ~nse~eat msy app~+~, and eacA and eva~y i~?ch poi~cy sMtl be p~omptty~ais;yrxd +nd d~liv~red ~o ~ j
~ny Mld by s~id 1NORiGAGEE as fu~ther iec~rity to said mortpeg~ dabt, and, no~ !eu ~han cen (10) dayri in adwnc~ ol ihe •xpiration of each policy, to da ~Y,
I~ve~ to aid MORTGAGEE a re+wwal therwf, togethK wiih ~ rece~pt fpt the premium of such renews!; ond tMre shall M no fi~e o? windstam inwranc~
plaad on any of s~id b~ildi+,ga, any interest tha~in w paN ~Mxzot, unless i~ the ~~~m and wi~h ~M lou payabk as afw~said: ar+d i~ tM ereN sny wm
of mo~ey becanes. p+Y~bte vnda such policy o~ pot~ciei uid MORTGAGEE shall l~ava ~he optan ~o racaiw ax! epply ~M s~ene a~ +cca+nt of tM ir~bted~ _
neu yecurtd he~eby p ro q~trmit said NIORTGAGORS ~o rcteive yxl use 11 d+ny ~.r~ th?reol ta othcr purposei, without 1hNCb~ waivi~~g or ~mpa~~-
inp any eqvity, lier~ or riyht und~r a~ by vinw o/ lhis mnrtgsp~; and %n ~he •vent said MORTGAGORS shall (p any reasa? fail to kcep ~he said p~emiies so
insured, a fail lo deliver promptly any ot ssid polities of insurante to ~aid MORTGAGEE, o~ fail promptly to pay f~lly any prt~nium Iherefw w ie+ any r iy
respad f~it ro perfwm, d~xharg~, execute, effect. cor++pkts, comply wi~h and ab~de by thls cove~ant, or sey part hs?eof, said MORiGAGEE may p1~ce ~nd
pay far :uth lnsuranc~ ot any pert th~reof without waivioy ot affectiny any opuon. lien. equity, or righf under a by virtve o( ~hi~ Mo~t~a9e. and tht -
f~ll amount of each ~nd evsry such psyment ihall ba imrncd'+atety d.:e and peyable and shall be~r ioteresl from ths date thereof until paid at the taH o1
-,~ny ptr ceMum pa annum and together with wch i~terest ihaU be srcured by tF~e tien of thit mortgsge.
4. To pe~mit, commii a suffer no w~~te, impairment a dete~ioration of sa~d p~operty ot any part the~~of.
S. To pay all and singula tM costs, ch+rpes +nd expenus, includ~np a reasonable at~omey's fe~ ~nd cosb of abstracts of titl~, incwrsd w pa~d at
eny time by w~d MORTGAGEE, because or in the evrnt of tha faiiure on the pan of tha :aid MORTGAGOR to du~y, prompNy a~d fully psr{orm, dixharye,
executs, effect, comptete, tanpiy with and sb:de by each and every the a~iF,ulations, agreemenri, conditions, and cove~anb of said promtssory note and thii _
mor~yays any o~ either. and said coan. thary~s and eapenses, exh ~nd -every. shaft be immediately dve a~+d paYabki whether w rat tlw~~ ba notice d?
mand, attempt to colicct or wii pe+~d~nq: +nd. the fuft amovnt of esch arsd eve?y such payment sh~ll bsar iateresl from the d+ta th~rwf until piid at tl+e
r~te of ninQ pe+ centum pw an~~u:n; srtd all ~aid costs, ci~arges and expc:nses incu:red w paid,-IOgether with wth interest, sMll b~ setwed by 1M lien of ihil
r^ortp~• : ' -
Q That (a) in the svent of aoy breach oF this M.ortgage w defaut~ on tF+: pan ot the MORTGAGOR, or (b) in the ~vent sny of ssSd sums of ewnsy
herein rfferred ro Ix not promptly and f~lly paid witlun thirty (30) days next after ~he ssme severatly becomt du~ and payabla. wilhout dem+nd o~ notite.
or (c) in rhe erent each and every ths stiputations. sgreemenrs. cor~sl~~~a+s and covenanrs ot sa~d prom~sso~y note and th~s mortyaga any a eitFrr art ~a1.
~vly, promptly and fu11y pe?(ormed, d~scharged, exec~ted, effected, canpleted, compfer~ w~th artd a6ided dy, then in eithv or any such treM tFN said sg
gregate wm mentione~ in u;d promis~ry note the~ remairting unpaid. with ime~est acuued. and all moneys sec~red Mr~by, shrll become dw and pay~
abk fathwith, or thereafter, af the op~~on of said MORiGRGEE, u tuily and complaiety as if all of the_ sald sums of rtaney„were wiyin+lly stipul~ted
to be pa:d on such day, anything in sald p~om~ssory note or in thia Mortgage to the coni.ary notwi~hsqnd~ng; aod Ihereupon w thereafh~ ~t the option of
seid ItIIORiGAGEE, without notice o. dert~and, svif et law w in equAy, thcrefare or thereaite~ be~uo, may be prosacuted as if d) maltys setured Fwsby
nad ma~wed p~w? ro ~ts irutitution_ ~ .
7. Thar in tf+e event ~hat et the beginni~g of or at any rime pending any su~t upon this Mwtgage, cv to fweclose H, d fo refam it, or to enfwp
payrmnt oF any daims hars~r~dQr, uid MORTGAGfE sb~all apply to the CouA having ~u: nd:ctioo thereof for the appointment of • Receiver, such Gourt shaN
fwrnwith appoinl a receiver ai sa~d mortgaged propzrly al~ an~ sinavlar, inci.~d.ng _ali and s~ngular fhs income. prolits, issws .and ravenuef from whaftvOr
sovrce da:ived, erch and every of which,'~t be+ng expsess~y underi160d, ii hereby m«Tgagrd as if speuficaUy xt iw~h and dewibed in the g~anting and
habendwn davaes hereof, and such Rece~ve~ :hati have all the broad and effec~ive furtcs~o~i and pawers in anywise entrusted bY ~ Gowt to a Receiver, and
s::h aFpointmant shall be made by such Cour~ as an adm~vted equify ano a mefter of absolute r~gbt to said MORTGAGEE, and without refe~e~ce to the
adequacy or inadpuaq oi the vai~re of the properry moitgaged o: ta tise soiverscy or insolrency o( said IUIORTGAGOR or tM defendaMS, and that wch
ren~s, profits, incortrc, issves and rovenues shaU be applied by such Recerver accord~:~g to tM lien or equity of said MORTGAGEE and the practice of.such
Coutt.
& To du!y, p?omptly and fully pe~form, discha~ge,.execute, eficd, complete, compiy with and abide by esch and every the stipulations, ayr~en?cMt,
conditions and covenana in said pranuswY note ux! tl~~s mortgaqe set twfh. - •
9. That in tM event the owne:sh+p of the mortgaged prrmises, a any part t~ereof, Lecomes vesfed in a penon other than the MORTGAGOR, ths
V.~RTGAGEE, ita successq~s and ~ss~g~s, may, wishout no++ce -to the MORTGAOR, deai wi~h such wcceswr w wccessor .in intarest with roference to this
r~ortgage and the debl hereby sec~~ed in the same ma~ner as witfi Nbrtgagor w~thout in any way vitiatinp or distharging the Mottyagon' liability hert
under u ~pon tiie debt hereby sec~red. A!o sate of the prem~ses hereoy mortgaged snd na fwbearance on ttn put of ths NIORiGAGEE or its ;uccessors"
cr assigns and_no extQniwn of tha ~ime for ri~e paymeot of the deW hercby secu?ed given by the MORiGAGfE or iri Wctesson or assig~s, ~halt operatt
ro release, discharge, mod~fy change a sffecl the orig~nai i~abi{~ty of the MORTGAGOR herein, either in whole w in p+?1. .
10. tt is spe~ufically agreed that time is of the essence of this contrad and ~hat no waiver of any obligation 1?e~ev_~der ot of tl» oWiysf'ao sa-
cured hrreby sha~~ st any tbne tF~creaher be heid to br a waiver of Yne terms hereof a of the instrumeM secwed herby.
11. In add~t~or? ro the Far~go'rx3 monfhly psymrnts of ~inc'pat and interesr requ+red by the promissory note secured hereby, mortgsgor covena~?ts
and agrees to pay b mongagee weth each monthiy paymcnt an add~rionai sum estimated by mortya9ee to be eqwat to 1/12 of the a~nwl cost of the follow-
~ng:
A-All real property taxes tevied os assessed aga~nst the above deuribed re6~ estate.
B-Premiums on fire and w~ndsrorm ~nsurar.ce as herein requ`.red to be carried on tM improveme~ts situate oo the above desvibed premises.
C-Prcmiums on such mwtg~ge quaranty ensurance as mortgagee shail from t~me to ti~ne deem fit to carry On ihe loan secured hereby.
Morigagee s!~al! from +~me !Q t~~,+. norify rn~sgagor in w~~Gng oi the amount due and payaWe hc?eunder and wch sum shall thereupon be d~e and
R ;.ayable o~ the due date of !he next monthly E+ayment and each s•xceuive month thereafter until mortgagee shsll notify mortgagor of~a change in such
~ a^~ount. $uch sums shall be applied by mcwtgagee tov.ard ti~e paymer.t of rea! property ta:es, insurance prem:ums, a~d mortgsge gusranty insurance
•em iumt.
IN ~SIITNESS VYMfREOF, the said MORTGAGOR ha: herou~to set his hand and sea! t y a ar fint aioresaid.
Signed. Seakd and deliv red in the presence oi: • ~
_ ~ n.
' d a rick B. q
- n
udlth A. Lall ~
S ~ ATE OF fLORIDA ~
SS.
CJUNTY OP St . Lucie ~
Before me penonal{y appeared PatZiCk B. La11Y and
.h1 d i t h A, l.a 11 y ~ wife, to me well knowo •~d known tio me ro bs
rti~ ind~vidvals dexribed in and who executed tFx foregoing instr~ment, and acknowledged before me tMt they executed the same for the purposes
there~n expressed. Ar~d tfie sai-' Judith A. I.ally ' -
r;.fe of the said Patrick B. 1.811S/ ~pon • sep~ate and priwb
e=ammation by me laken separate ~nd apart from her said husband, ackrwviAed~ed to and befors me that she executed said 'uutrument fra~ly and vol~o-
ra~~ty snd w~thout any compulsion, constrairtt, apprehens~on, or fear of or from hef said husbsnd.
WITNESS my hand and official seal thi~_~~~ day f ~ O~e! p~ ~q 74
.
~ fILEO AH~ RECORpEQ
. ST.LUC~E COUMIY fLA Notary Publk in snd for the Stat flor' t LuQ~
ROGE6 POtTRAS My ~,,,~,;,,;a, .,~;~.u
tter~.n ro: CIERK CIRCUtT.C RT /e'~ ~iS
Fint Fede~al Savings b loan nssoc~at~onilECORDVER~FIEO .
Of Fort P~erce.
Fort Pierce. Fbrida L~ 4~ P~'~ ~~,Q~ '
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• ~Ir~
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t
i~i9'~~as , fb1 . • ~ 1„ v~,,~~: i, _ .
. .
lohn W. Collins ~ ~ ~r ~ ~
This Instrument prepared By ja 0 TA ~
First Federa) Savings b Loan Association - t- r"r` :
o f Fort Pierce F lo ri d a a o
w ~
, _ = ' r~~ ~r~
Checked By ~ ~,"`?UB:~L1~~ - -
, 0 R ~~"'Q,'`~O,tli;:. : .
a~0ll~rVV PACE 41i '~~~~~~n~~~~~~?''
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