HomeMy WebLinkAbout1454 To plac~ ~nd contiiwo~aly kcep on tM buildirys now a FK~eefi~r ~i?wte on said I~nd ~nd on all equtpm~nt u+d p~rw~++lly covered by Ihi~ mort~ ;
p~. with d) prtmi~ms tAsreon pud m full, iir~ insuranc~ in tM uswl standard poticy fo~m. In • wm approved by ~hs MORTGAGEE. and wi~~am .
iewwanc~ In tM wwl st~ndard polity iwin, in ~ sum approv~d by tM MORTGAGEE, in svch canpany or compa~i~s a~M MORTGAGEE may A
dir~cts u+d al~ fir~ uwl wirKbtwm intw+nce po~iues on any of said b~ild~np~, ~ny int~r~it tM~~i~ or p+rt ~hawf, i~ tl+s ~pqre9st~ ~um ~foreaid a
In ~xc*ss thenof, sMll!conuin tM viw~ ~~u+dud morips~ claus~ or such otF~ claus~ ~s tM Ma~payN m+y rpuir~. mali~p th~ lo» unda sa~d pol}
citi, wch and every. payabk ro said lNORTGAGEE u in in~~rest may ~ppear, and ~ach aod ~very tvch policy sMll b~ pranptly ~u:~nsd and del'rre~ed ~o ~
~ny h~ld by s+id lNORTGAGEE as fu~ther ucvrity ~o said mortpa~ d~W. and, not kss ~h~ ~en (10) d~yt in adv~ncs of tM ~xpir~tio~ of ~ach policy, lo dr ~
liva w a+id MORTGAGEE a nMwal rhawf. w~e~Mr wi~h a ~eteipt fw tM pr~miun? of wch nnswalj ~nd tha~ ahall b~ no fu~ a winds~«m insuranc~
pl+c~d on My of NId buildings. any interat tMrein or ps?t thereof. unl~u i~ tM Iwm ~nd with tht bss paYabl~ u ~fatsaid~ ~nd in tl+~ •wnt any wm
of ma+~r becanes p+yabla ~nda wch policy or polici~s ~+id MORTGAGEE shall haw ~M option w rac~iw ud appty IM sarM on ~ccounl ot tM indebted~
n~ss secund 1,e.eby w fo permit said MORTGAGORS to rcuiw and we it or any part thtreof fo~ other purposes, wi~hout thaFb~ warvt~~g o~ ~mpair• ~
Inp any pv~ty IIM W/19I11 tMldl~ Of ~ V~ThN Of 1FIU TOtt~i9~j nnd in tlw ~vent ~a~d MORTGAGORS shall for any rea~on fail ro keep tM s+id premise~ so
insund, or fait b d~live~ promptly any of said polici~s of inswancs to ~aid MORTGAGEE, w fail promptly to p+Y fi+lly ~ny premium therefw a i~ a~y ~
~~spM fail b pKfwm, d+xh~ryt. ~xecvte. ~f(M. canpkta. compiY witA ai+d abid~ by tha cow~aM, w any ps?t h~reof, a~id MOATGAGEE may ptsce and ~
paY fw such Gavranc~ o~ anlr put 1Mrwf without waivinp a~ffadinp an? oMia6 ~Nn. puity. w ripAt under a by virtw of this Mat~s. and tM i
f.,o a~.,e,,.r d..d. .~d •,psrv aud~ navnw~ ~11 6~ irnMdiitthr dus and pYaW~ +~+d +hall bear infKat from ths dat~ thereof uMil paid ~t tM rat~ of
n~n~ p~. cMwm pN +nrwm and rope~he. wirh wch ioterest ih~li be aacu~~d.by t1» li~n oi tl~s mort9+p~.
1. To ptrmtt, oonwoit a wffer ~o wuN, 4np+irment w det~riw~tion of said proputy or any p+n tF~awf•
S. To p~y ~II ~nd st~pulw th~ cwn, ch~rpp aod ~xpensss, includinp a ressonabb attorn~y's fe~ and cwb of sbstrscts of tirle, incv~red a paid at
any time by said MORTGAGEE, b~cavk w ir? the ~wnt of the failun oo tM part o~ tl+~ aid MORiGAGOR to duh?. pron+PHY +^d fi+~~Y PKfam, dixhuy~
.xetuta, etftst. tompktt, ca~ly with sr+d abids by sad+ and every the stipul+tioos, ayreenwnts, oondifioru, and cov~nann of s~id p~omissory e+ote ar~d thi~
monyape ~ny a~iths+, and s+id costs. charyes +nd ~xPer?ses. e~ch and Mvery, sMll b~ Gnmedi~tsly due ~nd psyablr, whe~he~ a not ther~ b~ notice da
mand, ~tt~mpt to colleet or wN p~ndin~ u~d tM full ~mount of each and ewry such paymeet sMll bsa? inrereit from tM dat~ th~reof until paid d the
~ate of nine pe? untum per aruium; and all s~id cost~, chuqs~s N+d exp~nsts intur~ed w piid. topethet wilh stich inttresl, shsll be s~tured by 1M lise of thu
~+4~-
6. Th~t in tM event of ~ny breach of this Mo?t9sy~ w defavlt on the part of the MORTGAGOR, or (b) in tM avent any of ~a~d sums of mo~~y
heroi~ refKred to b~ no1 promptly ~nd f~Ily paid within ti+~~t1( (30) d+YS e+~xl sfter the same sevaally beca~+s dw ~~d p+y~bb. without dsmand or rwtiu,
or in ths ewM each snd wery the stiputa?ioro ~gr~eaxnts, conditia?s u+d covenimi of :~~d promissorY not~ and th~s mortpa9e any a eitha ~~e no1
luly, pr'omptly ~d fully perfumad, d~acharyed, txecut~d, ~ifMed, completed, compl»d with and ~bided by, then i~ either or sny svch eve~t tM u~d aq~
pre9+» sum mentaned in said promissory not~ theo remaininp unpaid, with intersst aarued. and all morKys satured Mereby. shall becona dw and p+y-
•ble forthwith, Ot 1F?KNftN, at the option of said MORTGAGEE, ~s fully and compteuly ss if all .of the said wms of maKy were o?ipin+lly stipuleted
to be pa~d on s~ch day, anything in said promissory note a in this MortQage to tM contrary notwithstandir~Q; and thereupon or thereafter ~t the option of -
sald MORTCaAGEE, withoW ~wtice or demaod. wit at law or in pvity, therdore or thaeaher beyu.i~ maY be fxosecWed as if all moneys secvrd hareby
nad man,red prar ~o in imGaran.
7. That tn the eveat that st the beqimtnq of w at any-twn~ pending any wit upon this Mwtgsge, or to faeclofe lt, or to ~efo~m i/, w to enforp
payment of aoy claims he.e~ndK. ~aid MORTG/?GEE shell +pply ro the Gov~t Mving jwisdKiwn thereof fw the ~ppointment of ~ Recaver. such i.win snsii
forthwith sppoint a receiver of said mortyaged property al) and singular, includ~ng all and singulu the intoms, p?ofits, issves and revenws from whatever
eourcf derived, each and every of whKh, it beirg expreuly un~iersrood, is hereby mortga9ed ~s if specific~lly stt forth and d~wibed in the yr~ming and
habendum davias hereof, artd such ReceivK shall have ~II ~M brosd and effective fw+cuons a~d powcra in ~nywix e~?trwted by a Cowt to a Receiver, and
wch sppointme~t shal! be made by uxA Caxt u an admitted eq~ity s~d a m~t~er of sbwlute ~ight to said MORTGAGEE, ~+d without reference to the
adequacy w i~adpwcy of the vslw of the prop~rty mwtys~sd w to the sonrency w insolvcncy of said MORTGAGOR a the defendanq, and that such -
rents, profits, incane, issues and revenues sh+il ba applied by, such Raceiver accordinp to the lien or equity of said MORTGAGEE and ths practics of such ;
. e
CauA.
S. To dufy, pranptly and fvlly psrforrre, discharge, execute, effect, complete, canply wi+h ~nd abide by each and every the stipulations, agreemenri,
cond;tam ~+d covenaros in said promiuory ~+ote and ~his morfgage set fo.th.
9. Thst in the event ths ownership of the mo~tgapad {xemises, w am pirt thereof, becomes wsted in • person other than the N10RTGAGOR; /Fw
h~ORTGAGEE, its succeuors and assigns, may, without notice to the MORTGAOR, desl with such suaeuor w successor ir? ime?e:t with refererKe to th;s
mor~gaye and ~he deW hereby secured in tFK suna m~mr~ ai with Margspa w~~hout in +~y way vitiatinQ or disciurying the Mutyagors' IieWli~y hefa
under oi upon the dcbt hereby iecu~ed. No sale of the premises hertby mortgsyed a+d no fwbsuancs on the part oi the MORTGAGEE or its sueceuws ;
er su;gns and no exteniwn of the time for the paymeM of the debi F?e~eby secured yiven by 1h~ MORT6AGEE or in sucoessors or auipra, shsll operate
ro release, dsdwr~e, modify d~snge or affect the orig'u~sl. liability of the NYORTGAGOR herei~+, either in whole or in part.
10. tt is specifically agreed that time ii of the _essence of this contract and that no w~iver of any obliy~tion herew~der or of ths obliyation se-
Nfld ifQfl~ tFNI~ i1 afly -11~NQ fFll`fNftlf bs held to be a waiver of the terms hereof a of the instrument secured herby. -
11. In add~tioc~ to the forego':rg moml+y paymenn of pr~nc:psi and iMerest required by ~he promiuory note secured he?eby, mortgagor covenants
a~d agrees eo pay ro mortgapee with each monthlY payment ~n uldirional sum estimated by mortgspat to be eqwl to 1/12 of the annual cost of the fdlow-
ing: f
A-All reat property taxes levied or assessed against the above described real estate. ;
B--Premiums on fire and wir?dstorm insursnce u herein req~'aed to.bc urried on the improvements sit~ate on the ~bove desuibed premises.
~ C-Premiwns on such mortgage g~sranty inavrance ~s mortgagee shall from time fo Yime deem fif to carry on the loan secured herebY•
' Mort9agee shaR from time to tFme notify mo?tgagor i~ v~rciting of the amount due and paysbk hersw+der aed ivch wm shsU thucupon be due and
€ payabte on the due date of the next monthly p+ymeot and each successive month thereaAer ~rntil mortpap~e shsll ratify inortgsgw of s change in s~?ch
E amount. Such sums sha11 be applied by mo?tgagee toward tiK payment of real property taxes, irourancs prem:ums, and mortgage guaranty inswance
~ premiums.
IN WITNE55 WHEREOf, the ss+d MORTGAGOR hss herevnto set his hand and seal the day and fint aforesaid_
Sipned. Seakd and delivered in the presence of: ~ILfD !11$ it~CO~f~ •
iT. WG~ ~'i.'1~iN7Y f1~.
ltflsf~ ~qihtaS ' ~ ,t,,~
CtfRt~ Cl?;GWT CO{I~T
. - -
REC041 vEi Ett~D~.,.~_,~ ~"n
~ - Qec i3 9 is IN'J~1
sra,TE oF ~toaio~ ~ r,p?~~rr
St. Lucie ~
couNn oF
~f«e ~~,a„iir a~~~ Rosalind Monahan, a single adult
to me wel) known and known to me ro bs ;
the individwl dexribed in and who executed the fweydng instrument, and adcnowkdped befote rrk tMat ex~aited the sams for the pvrpose~ ~
4
!f1Gfllfl Q%PflSild. _
~14R4~~~
~t~ . . - .
WITNESS my F~and and official .~.i 9th d,,, or December p, 19 74
. - ni~r:~. '
Notary Pubiic in a~d or fhe faf~ o~'Efot~ ~~~i
- M Commission ~ es: , y ,~i~
Y ~ ? ~ i
~ . •
~ v r~ •i ~ ~
QttWfl TO: _ . . _ '~•~:-~"y1~ 't
fint Federal Savings b losn Auociation r~:, „ ~K-~
~ ~~:'TARY PI _,C,SFA?E ^t ~1~1D'kj~~;~~~' ' µ i
Of iort Pferce. MY CJ,.1... . ~~•*L`~ `"~-~-~0
~ ~ ~'.`:~v~~ cs~ n~i ~ ! ~T')~='+` ~ _f ~
fort Pierca Florida ~i;ii~Ed ffy i+ci~~ri;qr, u.at.i.E[~ 1~~~;~@
I i N' : ~r f .
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t
This Instrument Prepared By Richard K. Kayes ~~~i~~~~'sr, """'E`,;, ~
First Federal Savings b loan Association ~
~
of Fort Pierce ~ Florida j
Checked By ~ Doo~ 234 PACEi454 .
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