HomeMy WebLinkAbout0997 To plau ~nd continuously ksep on tM b~itdinps now a hKe~hN uwat~ on said I~nd and on al! equipm~nt and p~nonally covKed by thi~ matQ~
p~, with ~II p~miwns ther~an pa~d 'u+ futl, firo i~uranc~ tiw uwal ttandard polity form. in ~ sum approwd by tM~MORI ~GE^E,~R GAGErE tmay
inwr~na in tM usw) ~~u~dard poi~cy fam. in ~ wm ~pprov~d by tM MORTGAGEE, in such canpa~y o~ oo~+P+^
dir~ctJ N+d dl fh~ ~nd wie~wrm Uuwa~ polic»~ on ~ny of Nid bvildinpa. ~ny i~+rer~~t tFwrrin or psrt ~Mnof, in tM a~q~e~a~s wm ~la~s.id a i
~xc~u ~heno(. shall contain ~h~ usu+l sano+~d o,or~ya~ clau~ or such odwr cl~us~ +s th~ Matpp~s may rpvu~, mati~p Ihe loss un~ sa~d po14
cis~. ~acA and ~vay, paYabl~ ~o s+id MOR~GAGEE ~s ~!s imercit may appe+r. +~d each and eve.y such policy sh~ll b~ promp~ly ass.yncd ~nd delivered w
my MM by said MORTGAGEE as furtMr ~t~rity ~o taid mat9+p~ debt. and. aw Iss~ ~han tea UO) d~ys in ~dwnu oi tM ~xpira~ioo of each poGcy, to dr
i~ver ro iaid MORTGAGEE • renewal tlrr~of, toq~~hK with ~ nc~+pt for tM prtmium oi s~ch rsnewsl~ ae~d fMr~ ah+ll b~ no f~r~ w windstam i~+svru?a
plac~d on ~ny of s~id b~l4dinps, any Int~t~st tMtan or p~?t therwf, un{ess in ~he form and wi~h ~M lou payabl~ ~s itahaid: ~nd in ~F+~ ~v~nf any sum
of mon~y bcan~s p+Ya~ a~'~ ~~RTGAGEE shall Mw ~he optia+ to nqi~~ end apply tM s+m~ on accouo~ of tM indebt~4
ness ietured hareby o~ ro p~mat s~id MORiW1GOR5 a ~eCtiv~ and t?u h or a~y part ~hereof for mher purposes, withovt tha+eb/ waivin9 w imp+i~• .
1ng a^Y puiy. lien w right w?da or by vlrtw oi this mors~+p~1 ~d M tFN'~ve^t ~a~d MORTGAGORS shatl fw any haion tail to ketp ths ~aid p?~mises so
in~ured, o~ fail b de{ivar promptly ~ny of seid polities of iraura~+ce to s~id MORTGAGEE. w fail pro~nptly to paY fulfy any premium the~~for w In any
~espec~ f•i1 ro pafwm, d~schar9e. ~xecuts. eff~cf. compl~~e. comply wi?h and ~bid~ by thia covenant, w a~y put hareof, said MORTGAGEE msy plsce ~nd
pay fw tuth inw~ance a ~ny put tl+KSOf without waivin~ w_ ~ff~ctiny any option, lieo, eq~~tY, w righ~ vnder a by vi?tw of this Mortga~~. and the
4u11 amovM o( each u~d ~very such paymsm shall b~ immedi~tely dw end payable and shall bear iroere~t from /M dat~ ti?ereof w?til paid ~I the ~ate o{
n~ne per te~Wm pN annum and logether with auch lnrorest shall be setured by the lien of thi~ mwtpape.
4. To permit, convnH or svffK no waste, impairmcnt or deterioratio~ of said propaty w amr p+rt the~wf.
S. To p+Y +11 aod stnpular tM costs. cM?~es and expens~a, includirg a re~sonable at~orn~Y's fes +nd cwts of sbstr~crs of titl~. incu~r~d w paid at
eny tlms by said MORTGAGEE, bet+use o~ in tM ~vtnt of the (ailwe on 1ha Wrt of ths said MORTGAGOR to duly, p~ompNy and fully pNform, distha~~
executs. eff~d. complete, oomp~y with ar+d ab~de by ~acfi +nd everyr the aGpulalions, ayreements, Cor~diTeo~?s, end coven+nh of ~aid promissory note and thii
mor~yye ~ny a a~ha. and sa~d cosM, cb+rg~+ +nd expenses. each and every, shall b~ immediately dw ~nd paysbl~: whather a not tF~e~~ be ~otica ds
r.,and, attempt ro wllecl w wii pendir+ps +nd ~M fvll amount of each sod werY wch P+Yme^~ sh+~~ be+r intenst t~om the date tMrwf until p~id af the
rate of nine per cc~tum pN annum; ind al! said costs, charges snd expenscs incurred w paid, to9ether with such interest, shall b~ ~stured by ths lien of tha
mo?t9~.
6. Y}~sf W In the eveM of any br~sch of th+s Mwtpagt or def~ult on tM part of the MORTGAGOR, a(b) tn t!» w«+f a~y of s+W tvms of monsy
herein r~ferr~d to bs nor promptly and fuliy psid within thirry !30) days next sila the sane severstly betane dve ~nd Wyabb, withovt demand a notice,
or {c) fn the ~vtnt esch and eyery ths stiputations, agreemen», cond;tions and cove~ants of sa~d p?omissory note snd th~s matgay~ any a ~itFKr are nol
iuly, p~ompNy and fufly performed, d~scharged. executed. effected, completed. complied with ~nd abided by. then in eithar a~ny such evero th~ uid ag
grega!a wm menYaned i~ said {xon+issory rate then remainin9 unpaid, with i~teres~ +cuued. a~d all moneys securad hertby. shall betom~ dw and p~y-
ab.e fathwith, w theresfter, at ths option of said MORTvAGEE, as fvlly and completety as ii all of the wid wrns of mon~y were aipin+~~y stipuisted
to be paid on.such dsy, anything io said prom~ssoty note w in thi~ Mortgs9e to 1he contrary nolwithstanding: and thae~pon or thtreafier st the optio~ of
sa~d N10RTGAGEE, without notice or demand, suit at Iaw w i~ equity, therefwe w ~hereahe~ begun, may be prwecWed ss if a~~ moraYS sac~+?sd he~ebY
nad matwed pior ro in iratitutio~. .
7. That in the avent that st tM beginning of or at sny t~me Fendir,g any su~t upo~ ~hCs Mortgage, o: ro foractos~ it, ar to nform it, a M a~faa
paymcnt of any claims he~eunder, said lNORTGAGEE ahall apply to the Court having ~wisd:ction thereo~ fw the sppointment of a Reteive+, wch Couri sh~ll
forthwifh sppoint a receives of aaid mortyaged prope+ty all and singular, incl~d~ng aIl and singvla~ tt+e income, profil~i, iswes and revenues from wMt~ve~
seu~ce drrived, each and every of wh~ch, it beinp express!y understood, is hereby mor~gaged as if specifitalty se1 fqrth ~nd dew~bed in ths ~~+~Nnp +^d
habendum cleuses hereof, and such Receiver sha~l have all the broad and effective funa~o~» and powers in anywlse enlrwted by ~ Courf To a Receiver, and
scch appointment shall be made by sucb Court as an admit~ed equity and a matter of abwlute ?igM fo said MORTGAGEE, and withouf reference to 1M
adequscy or inadequacY of the wlue of the p~ope+ty mortgaged w to the sowe~cy or cnsolvency of said AhORTGAGOR a the defendants, ~nd that such
renrs, profin, incane, bsues Md revenues thall be applied by such Receiver MCO~di~ t0 1F1! IIM Of ~qvity oi said NIORTGAGEE and the practice_ of wch
COUfT.
8. To duty, prornptty and fully perform, discharge, execute, effect, complete, compiy with and ab~de by each and s~ery the stipulations, agreements,
conditio~s and covenants in u~d promissory note and this mortgage set fwth. _
9. That en the event the ownership of the mortgaped premises, or any part thereof, becomes vtsted i~ a perwn other than the MORTCsAGOR, the F
A',ORTGAGEE, in successws artd auigns, m+y, withoW ratice to the MORTGAOR, deal with such successor o~ succeuw in i+~terett with reference to thii :
morrgsge and the deb~ hereby secured in the same manner as with Nbrtgagw without in sny way vitiating w discharging the Mortgapws' Ii~biGty herr
under w upon the debt hereby xcured. No sale of the prem~us hercby mwtgsged and no forbearonce on the put of tM MORTGAGEE or its successors
or as:igns and no earension oi the time fa the payment of the dtbt hereby setured give~ by the MORTGAGEE a its suttessots or assiQ~s, ?I~sll operats
ro release, d~schar9e,.modify change or affetl the a~ginal liab~lity of the MORTCaAGOR herein, either in whde w in psrf•
10..1t is specifically ag?eed that time is o( the esxrxe of this contrad and that rw waiver of sny obligation herounder or of the obliyation se-
cured hereby shall at any time thereafter be held to be a waiver of tfie terms hereof or of the instrvment setured herby.
i i. In add~tion to tke forego:ng monthly paymants of princ'pal and interest requ~:ed by the pranisso+y rw?e secv~ed hereby, mortgagor covensnh
r~d agrees to pay to mwtgagee nrirh each monthly payrnent an add~~ional sum est~marcd by mortgsgee to be eqwl to 1/12 of the annuat coat of the follow-
ing:
A-Af! real property taxes lavied w assessarl agai~st ~he above desu~4ed real estate. • ~
B-Premiums on fire a~d windstorm ~nsurance as herein ~equ~red to be carricd on the imp~ovements situate on the sbove deuribed premises.
C-Premiums on such mortgage guaranty insurance as mwtgagee shali from time to time deem fiT to csrry on the loan tecu~ed hereby.
li Mortgegee shatl from t~me to time ratify mortgagor in'writiog of tlx amount due and payable haw~de? and such wm ~half thereupon be dve and
E r~yabte w+ the due oate of the next monthly payment ard each successrve month thdreafter ur.til mortgagee shsll notify mortgago~ of s change in wch
~ a~r.uunt. Such sums shall be applied by mortgagee toward the payment of real property :axes, iruurance prem.ums, ~nd mwtgage yuaru~f inwrance
;;remiums. ~
iN WITNE55 WHEREOF, t sa' MORTGAGOR has hereunto set his hand and sea! tt~e day s++d usf afwesaid.
Siyned, Ses and ver i~ the presence of: AKQ q[II~~~ • ? .
~.~c~~ ~ou ~
R etR Pa~ llaz Jr.
~ c~.FRK ct:,cv?s cov~t ~ _
- . aF~~r.o vr~~f~eo..-.---- °n -
tricia At,n Villar rse.q -
1 3 z~ PM'1a .
STATE OF FLORIOA ~ /C+?t7~SOs
couNn oF ' B~cuwaY~
Bef«e me personally appeared .~ASeoh Villar Tr~ ~
Patrieia /+t'fA V~l],dZ ha wife, to me well known a~d known to rt+e to b~
the individuals dewibed i~ ~nd who executed ths foregoin~ instrument, and sdenowledyed beforc me th~f they execvted the same for tM putpoaes
rherein ezpressed. And the aai~ Patrieia Mn Vi~ laz ~
w;fe of ~r~ ~~d Jose~h Villar Jr. - w,o~ + ' ~p~i~?~.- ~
exam~naYwn by me take~+ separate and epsA from her sa'sd husband, scknowtedyed to and befwe ms that she executed said ' trv ~
r~~~fy and without any compulsion, constrai~t, appreheresion or feu of ar from her ~sid husband. ~'k~1'
~~;t 'V~-": 'r:.~.•~- .
WITNE55 my hand a~d offitia! seal thiz d~y ef ~ ~ :7~,`~r 19'
F ~a:''~ s ' . ~
~ ~ , ~ ~
~ ' otsry Publ' a~d fw t Stab.d f~~t ,Si(~~ O•:!'
~ My ~Wnmiif. ~Xplflf: . ~ :i~ 1 ~,r -~~~~~~r
~ Retum To: : ~ ; s~ ' : ,~t`'_ ; ` ; ~1
. '.y.
First Federsl Ssvings 3 Loan Assotiation Nptory pub~~, St~'~y~ ~
Of fort P~e~ce. ~
thy Canmission i`:
Foit Pierce, florida ~ ~ • ~ q~~
DOfwibd by Alnsritan firf' .
,
This Instrument Prepared By GaYy R. Bllwood
First Federal .Savings b Loan Association
of Fort Pierce~ Rlotida 33450 ~
BOOK PACE ~
Checked By~
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