HomeMy WebLinkAbout2069 ' ~
,y
To plac~ and contiewo~sly kNp on UK buildirps now a Mrtaft~r situat~ on saW I~nd and on ~I~ pvipment and p~+ta~~lly cover~d by thi~ ma?g
~p~, wtth dt p~anivm~ ~Mrwn pald in full, (in inux~nc~ i~+ ~h~ wwl uandud policy fv~en, in ~ sum ~pprowd py tM MORTGAGEE. and winds~am .
i~wanct M 1M viwl ~~~eid~rd poiicy fam, in ~ wrn approvd by Me MORT<iAGEE. in wd+ ca^p+^Y o? ~a^Wni~ +i th~ MORTGAGEE m+Y ;
dindl ~nd all fb~ snd windsan+n insw~nc! Polici~a on any of said build~np~. u~y int~n~t f1+K~in w pa~t thc~~of, h: tM ap9~ep~H wm ~faessW w i
M exau tMnof, shall contain ~h~ uswl itandud mor~~apN claus~ or u+ch od?K tl~~ W tM MafppN m~y rpuir~. m~ki~p tM losi un~ sa~d Poli~ ;
cNa, each and ~verY. P+Yabl~ a said MORTGAGEE a it~ interost maY appssr. and ~ach ~nd ~v~.y t~ch policy ahall b~ promptly au.yned +nd deliverad to ;
~ny MW by s+id MORTGAGEE as /unhs~ s~suri~y ~o s+id ma~y+y~ deb~, and, nof I~as tMn IM (10) days in advanc~ ot tM txpbation of tach policy. ro d~-
IfvN b sald MORTGAGEE • r~wal tMrwf, 1op~iF~ with a nc~ipt fa th~ praniw* of wd? rMwv~lt u~d thK~ ~11 bt ~o fW~ a windi~wm inwranc~
pl+ad on any of atd buildinqs. a+y inter~at tMnin o~ pat ~henof, ~nl~ss in tM form ~nd with ~M bas p~yabM u~fwNaidi and in th~ ~wnt ~ey swn
of nwn~y becomn payabls undK ~uch policy o~ policies said MORTGAGEE shall haw rM option to r~uiv~ aod appiy ~M sun~ on +cww+t of the indrbted-
nqs secur~d h~t~by a a permit ~aid MORTGAGORS ro ~eotiw and uss N or aoy parf th~reof fa other purpotes. wi~ho~rt IAereov waivi~g or u„pair-
in~ ~ny pv~ty, li~n a ri~ht u~ o~ by viitw of this mort~+p~; u+d in tM ~veet w~d MORTGAGORS th~ll tw ~ny r~awn f~i! to ketp tFN said p~~mises so
insw~d, o~ fail b d~livM pra~y~tFy ~ny of said policiei of irawa~+a ro srid MORTGAGEE, or f~il p?omptly 1o pay fvtly any premivm tF+erefw w in any f
rosp~ct fail b pafwm, ducM~~. execute, ~ffed, comPlNe. aahP~Y wirh and abida bp ~his ooven+M, w ~~y part hs~eof, s~id MORTGAGEE may plaoe and ~
pay for wd~ kavr~ o~ ~ny pHt thK~of withow waivinp a~ff~ctinp ~ny option, (iM, yqvity. w~i~h~ under a bY ~~w of this Nb.tqap~, and tM
t___ .L_ J_~ .r~i~ waia M ~~r ~ar ~ .
. .
• r--
•MII O~ IIIMIIlONIfI OY~ ~~10 ~W~ Nwi ~!N~~ usw ii~::: ::a~ ~~:G :.c=:.'-'
tuU a~r+ouot ot ~acn and ~wry sucn paym~m , -r - - ~r - • ' '
nin~ p~r c~ntum p~r ~nnwn end topether with suc~ infe?esi ahail b~ se~urod by tM ti~e of this mortp+pa
4. To p~nait, oonwt3t a wff~r no wat~, impairment or dettiar~tion of said prop~rty or a~y put thenof. '
S. To pay all and dnpular ths costs, ch~rp~s and ~xPa?ws, i~ciud~o0 ~ n+so^+bi~ attwney i fk ~+d tosn of ~b~trsds of titt~, iocuned w p+id at
eny tirne br sa~d MORtGAGEE, becaus~ or in tl» ~w++f of IM failw~ on 1Fw put of tM sak! MORTGAGOR ro dvly, promP~N +^d fvlly pKform, discF+arge,
execute. tffKf. oompktt, corr?p1Y wirh u+d ab+d~ by ~ach +nd ewry ths stip~l+tiona, ~yreernents, conditiorr. +nd aoven+nts of t+id Wa+tiiswry rwlr a+~d ~h»
~++«ro+0~ +~1~ w a~lw~. and said cos~s. cfiar~es and ~xpaues, ~ach ~nd ewry, siNil b~ inwmdi~~ely dw ~nd p~yablr, whetMr o~ ~ot then be r?orice ds ~
mand, attempt to collect o? wit per~linpt and tir full art~o~rnf of each a~+d w~ry such p~ym~nt sh~ll btar inter~st from the daM tF~eof vnt11 p~id at 1M
rate o! nine pe~ cen tum per aru~um; a r u! a l l s a i d c
o s t c h a r q e s a n d e x p M S S
i i n w r r a
d w p a i d, t o
p e t M r wi th w c
h inter~st, aFNll b~ sewred by tht lien of thu ~
mort~+~. . .
6. ifwt (a) in th~ went of any breach of this Morty+y~ or defavlt on th p+?t of th~ MORTCsAGOR, or (b) in tM ~va+t sny of s~id tuma of money ~
herein ref~rr~d to be nw pranptly ~nd f~lly p~id within Ihury (30) d~ys eext ~fte~ ~he sarn~ s~wralty becon» due ud p~yabb. wi~hoW dam~nd or notice.
or W in tFa ewnt ead~ and svery tM stipul~tiorn, s~r~a+neMS, conditiaa and cowo+~n of sa~d promissuy note and th~s matpa9~ +ny or either ar~ nol
i~?ly, promptly and fv1ly pxfwmed, disch+rged. executad. tffected. tanpkted, compl+ed with and abided by. th~n in e~ther a sny such ~wnt tM s~id a~ i
~regaM wm mentionad in said promissuy noro then rem~ininp unpaid, with inte?est ucruad, and all maxys secured her~by, sh+ll bec~om~ dw and p+y~ ~ t
able forthwitt~, ot tF~eafter, N the opt~on of said MORTGAGEE. u fully ard compktely as if aIl of the said wms of moeey were aiginally at~pulsted ~
ro be pa~d on wch day. anythinp Fo ssid promiuay rwte or in thts Mat~sge to the contrary notwitAstand'+ng: snd thera+poo a thereaher ~t th~ option of ~
said MORTGAGfE, witFiovt notice a demand, wit at law w in puity, tMr~fw~ or thasafter beyun, may be ptosec~tad as if ~II ma~eys s~wred hereby
had matwld pr~ot to ib instirution. - . ~
7. That in the event that at the be9inning of w at aoy ~ien~ p~nuing sny s~rit upw~ i:.is in~wiyeys. ia t:,:a:::as k, r: Sa :a~a:r.: as t= '•^-!^"-e :
paymenf of any claims hereu~der. ~id MORTGA6EE sl+~Il apply to the Covrt having jwisdictan thereof foc tM appointment of a Receiver, wch Cowt sMll ~
fo+thwith appoint • recciver of ssld mort9aged prope?ty all and sinpular, includ~~+g all ~nd sin9utar the income. proiits, iuues and revenues from whalever ~
souru daived, esch u~d wery of which, it bea+p ~xpressly w+deri~ood, a hereby ~na~gaged u if sp~ci(ically set forth ~nd deicr~bed in the prantinp ~and
habendum dauies~hereof, ~nd such Receiver sMll 1»ve ~II ihe bo+d and effative fvnctions u~d powers iB ~nywise entrusted bp a Cou?t to a Recei~er. and
:uch appointment shall be made by svch Court aa an sdmitted equiry ~nd a rMtter of absdute ~iyht ro s~id MORTGAGEE. ~+d without refere~ce to the •
edequ~cy « inadcqwcy of th~ wlw of the property matg+9cd or ro~the sWvency w~nso~vencY .of s~id MORTGAGOR or rhe defend•nn, ~nd that such
renrs, profin, income, iuues and revenws sMll be spplied by such R~ceive~ accordiny to tM lien or puity oi said MORTGAGEE and th~ prscrice of svch
CouA.
8. To duty, p.a~+ary e~d fi,ih wrro?~+. ~~d.~.ye, exscute, effect. comPlete, comPty with and abid~ b~? sich Mrd ~very ths stipulations. +9recments.
cond~r'am and covenann in said p~omissory not~ ~nd this ~nwtyage set f«th -,ti•, ~ -
9. That io the went tM own~nhip of tl+~ mort9aged pranises, or +ny Put N+ereof, becanes ws'ktl in a perwn othsr th~n th~ MORTGAGOR, the
M.ORTGAGEE, its wcuuws snd augr», may, w~thout notice ro the MORTGAOR. de+~ with such successor w successor in intere~t with reference ro this
mortgpe ae~d the debt hereby secured in ths same mamer as with Mortgagor withow in ~ny way vitiat'u~y w dischugieg the Mortqu,prs' liability hert
under or upon the debt hereby secured. No sak of ths p~em~es he.ebY mortg+9ed and no forbesr~nce oe the put ot the MORTGAGEE w in suaesson .
or sugns snd no extension of the time for the payment of the debt hereby secured 9iven by the NIURTS'aAGEE or iri successors or ass+gns, ?hall opera~e
~
IO ~Q1li3Q~ 01fC11ii~Q~ rtWO~ir C~r~a Si eiiKi iiK {MyqN~ ii~u~i~i~ Gi Giii i::v7~.:~s.i~vw ::c:a::y c:::c~: s ss,:,.:._ ss::. ~
10. It is specifkally agreed that timt b of the ease~ce of this con~ract and tMt no wsiwr of amr obl'g+Yan hereunder a of the obliy+tion se-
cured Mceby shall ~t any time th~reafter be heM to be a waiver of the 4erms hereof a of the instrument secured herby.
11. In additiori to the forego:ng ~nonthly payments of p?inc:pal a~sd interest required by tF?s promissory nole secured hereby, mwtgagor covenants ~
and agrees to pay to mortgagee with each monthly payment sn addi~ional :um est~mated by mongagee to be eqwl to 1/12 of the annual cost of the follow=
.
A-All ?eal property tsxes kvied or assessed againsj the above desuibed real estate.
B-Premiums a+ fire and windstorm irowance as,herein requ~red to be urried on the improvements sitvate on the above desuibed premises.
' C-Premiums on uxh mort9ag! gwranty insura~ce as mortgagee shsll from time ro time deem fit to prry on the twn secured hereby.
Mortyagee sFu!I from time to t~ne ratify mortgsgor in writiny of the arnount due snd payabk herew~der a~d such wm sF~s11 thercupon be dus and
payable on the due date of Ihe next monthly payment and exh succeuive mo+Hh there~fter ur.til mortgagee shstl ratify matgaga~ of a change in such
i amount. Such wms shall be spplied by mortgagce toward the payment of real property taxes, insvra~ce prem:ums. snd aw?19aye 9uannty inwrance ;
prtmiums. s
~ IN WITNE55 WHEREOF, the said MORTGAGOR has hereunro set his hand and sesl the day and Year fint ~foresaid.
~ Siyned, Sealed and deliwred in ti~e presenos of:
n
4
• i5e+q .
~n
S7ATE Of FIORIDA _ ~
SS.
courmr of St. Lucie
Before ms penooally sppeared .lOl]I1 Luzte]c a~+d
Donna Luster his wife, to me well known and known to me to be
rhe individwb described in and who exawted ths for irutrument, and +dcnowledged before m~ thst tF~ey eaewted the same fw the purposes
~herein fXptlffCd. /41d tf1! Nid ~nna Lus~r -
wi!e of tFw ssid John Luster , irpon a sep~.ate and priv+t~.
examin~Yan by me hken aspuate and eput from Mr s~id husband, aduawkdped to ~nd before rn~ tFWt she exearted s+id imtrurnent freely u~d volw~-
rar~ly snd without +mr cornputsion, cwntnint, appre f~u of or from her ssid Ixub~nd.
u
WITNESS my hand and official seal thi: day of ~C~ A. D. 19 74
r, _ fILEO Aw~ ~fCQA~EO
~ iT-LifCiE~~1fITYf~R. _
EiQ~~iti ~BiTAAS Notary Publk in for t ate of Flwida at"Larye
tlfR1~ CJ:;CUii ~~11itT My Comnuss~on ' es:
Retum Ta Rf~C?i~ V£~iFlEl3.~,~~~ '
fint Fedeal Savin~s 3 loan Associatwn NUfARY PUEUC. S(~7E cl ft0?.iDA at yblll(J!(~~~~;~'':
Of Fort Plerce. ~ ~ ~ MY COM:N.lSSiON fXFIRES IAN. ~ ~~~r,i~ +f,:
Fort Pirce. Florida ~Olldad By A1(16fICi11 Ditik(~i 1~,~, ~
. J . ~ ~ .
1 ;
.J ~ ~
IGru7 ! ~Jtiil ; ~ ~ ~ : zi ' ;
. ° ' , P' '
This Instrument Prepared By RiCha=d K. Kay~s ,11 = ''~'~t , ' ~s ; ~
First Federal Savings b Loan~ iation ~1 L_,
of Fort Pierce s~' iVriaa , , -t;
~~:ia
R~.
- ~G',~..'`,~ f -~;;0{,t~''~~~~•
~
Check ~~~i
y ~~~ii~i~t n ~ ~sZ'
. ~ b~234 ~21~fi9 r
_ ~
~
~
~
_ . _ - ~