HomeMy WebLinkAbout0923 3. Ta pt.c~ a~d ca+~~~uov+ly kesp o~ tfia bu~•d~r+qs cww w b•r~ahK ~rus~~ oe~ e~~d I~nd ~nd on alt pu;pn~n1 and pK~a+aily covor~d by IFin mor19-
aye, w:~h alI p.smiw+~s thawn pa~d in iuf{, fir~ i~~u~anc~ in ~F~~ u~w1 aeand~.d poi:cy tam, In • swn app~o~~d by tM MOR(GAGEE, u?d_ ww+d~~a~w
imwa~c* in rh~ uwa) ~~ar+cl~rd pol:q (wm, in ~ sum approv~d by 1M l.~O+iTGAGEE, in such companr or con~p+ni~s as tM hWR{GACn~ ~y
d~rectj ?nd a11 fir~.. and wtnd~~am i~~ranc+ pdK~+s on any oi so~d bu~td.nga, any ieh..~~ ~her~in w pa.t tF~.~of, iw IM aQ9nya1~ swin afa~s+id o~ `
In OaCNf IFN~O~~ shall con~ain th~ ~wal s?a~Jard matgaqN daus~ o. such o~h« ctws~ as tM Mo?tpa~N .n~y rpuirw nwMi~g tl.~ lo» w?dN aaid pdi. ~
ei~~. eacA snd ~v~ey. payabi~ to s~ld ti10RTGAGEE ~f iff InlNqf rMy app~~I, and ~aeh and ~vKy s~tl+ poi~cy ~1~ai1 b~ p~ow~tly au:qn~d and d~iiw~~d ts ;
~n~ h~td by sa:d hWRiGAGiE as furthar ssax~ty to satd mwtpa~~ d~b~, and, not lesa ~!..n t~n (10) days in advanc~ of tl+r ~api~atan of ~~ch pol:ty, to d~. ~
GvN to sa~d I.tORTGAGEE a r~n~wal thNtof. togsii+N wici~ + nc«pf to~ ~h~ pr~.niwn of suc1~ ~~nw~.al; a~d ~hK~ ~l~aU b~ no f~~~ w w~nda~an~ i~?srra~c~
Pf,c.d o~ ~nr of said bu~ld~~g~, any inr~r~~ the.«e a p~rt ~h~.wf, un!~~s in ti?~ fwrn and with th~ toss payaW~ as afor~d; and in d+~ ewnl aMr suew
of mon.y b.cwn.s payabl. u~d« such poucy w pol~c:~a said MORTGAGE£ ahatl Mv~ ~M op~~on to rx~iv~ and aPp1Y fh~ saww on acooun~ of U+~ ind~bt~d-
ne» sec~r+d hMebp p to ps~ndt iaid MORiGAG0~5 to reeKV~ and ~i~ it a anY pa.t tMreof for o:h.r pu.po~~„ w:d+out ti~s~~by wai~irg or impai..
ing any egvity~ I~~n or ~i9ht undK a by vi?tu~ of tMis mo;:p.y~r and in ~h. •~.n? sa;d MORfGnG0~5 sMl{ tw any r.a~ow tai) ro k..p ~h• saw! p..wN~., so
iniw~?d, w fail to d~liwr p~arnpr!y any of said pul.cies oi in~wanc~ to s~id MORiGAGeE. or fait ~omptly to p~y tvttr a~y prMniww the~~{a w in aeryr
raapsc~ feit ta pNtweA, d:xhugr. ex+cur~, ~ff~et eanptats. eomply w~rh a+d a~ br ~M~ eov.~ane, or any pa?t Mr~of, satd MpRTGAGEE in+y plan and
pay fo~ sucA inw~ants u any ps~t ther~of wiihout waivi+~ ot ~4feetinp any option. ti~ey puity, w right undN w by vvtu~ of thii Mortgay~ and tM #
full amoun~ of each and ~vNy ~uch paym~nt she~t M imm~d;at~ly dw and piy~bl~ and sF~all b+~ ii1lftNt ftW~1 tIN ~f~ t~Nfpf until ~pa:d at tFw ~~ts ol ~
nine Qer cr~tum p~e annum and to~~~fis? with such ~irtrest shali b~ sscurr~ by fh~ 1:~ of this mwtgaga.
4. To prrmit, canmit or wt[er no waab, impa~rmH?1 w d~t~io?ation of aa'~d propNly w a.~y w~ tl,...of.
S. To pay a11 and s~ngutar th~ cwts, cha~gas as?d e:pe~?+e~, includ.ng • rcasooabi~ attorn~r s ie~ a.id cosh oi ~bsusets of t~dw incwred w paid ~t
any t~m~ by said MO~TCAG~E, becaus~ or in ~h~ e•~an~ of t1» fa~lv.~ on th~ pa~t oF tns said /dORTG/?GOQ ro duly, prompdy ~nd tv;ly puforen, d:xha~~t
exacuts, effact, tomptete, c~mply with a~d ab:da by each and svery 1ha srip~.at;ons, agresm~n's, cond~r:oea. and covMants of said p~ani»ory ~ots ~nd thi~ s
IttOf: j~3 dRy Of e~~hx, a~d s..~d cos:s, charg:f and eR;.ense; e~c.h and evary. shall '~a ~~nmediateiy du3 snd paysbl~= whNhM ot aot tha~s ba r.or:c,~ ds
man:f atr~.np~ ta co~lect or suir pa~~d~ng; and tni fu!t amou~~ of rach and evr.y s~ch p~yreni shall b~ar i~rKast from rhs dsr~ ther~of until pa:d a~ tl+~
r~:a o~ ~~~s pa~ centum pt~ a~i~~~:cn; a~d all :aid cosrs, chergsa a~d axpMS:s incwrcd or paKl, togstfi~r w~Pn auch intueft, sMp b~ secw~d by tM !t«? of th~i
mortgag~. ~
6. Th~t (a) in th~ evant of any breach of this .\lortgaga or default on tF: pa~t of th~ AIORTGAGpR, or (b) in th~ even? ~ny oi s~id swns of moniy -
hrrein refened to b~ not p?omptty and fulty paid w~r!~~n thirty (30) days ne:t afre. ?h! sams sevaatty becom~ du~ and payabl~, wi~Faut d~enand w rtotiu,
or (c) in ~hi ev~nt each ~nd every ths. stipula~ions, igraern~nta, cond~t~ona u+d cov~~nes of said promiswry eota snd tltis eea~t9a9~ anY a Mt1+K ar~ no1
iufy. P~o'"A~~Y snd tu11y pNtorrn~d, dcsehaiged, ezicur~d, ~ffectd. compf~t~d, canpli~d vrirh and sb~d~d ~ay, tMe~ in ~icMr w s~ryr wch ~wn? th~ ssid ag
g.eg~ts wm menrior»d in said prom~swry noe~ thM remsu+'ug wspaid, with ineeres~ accrwd, ~,+d at{ monhy steur~d h.r~. s?~aN b~aom~ dw ~nd p~y~
able forti+with, a thKea'ttr, at tM oation of sa+d MO~TGAC'sEE, ~s fufly and compiN~tr as if att of N+~ ~aid sums of mon~y wen oripin~Ily atiputatd ~
to M pr~d on avch day. aeything iw ssid promiswry nots o? in thia 111wt9aye to ttw cantrary notwitisspndiny: and ih~.wrpw~ a iM.«hw tM opnan of
said f
WRTGAGEE, withoW noNCe w dM+and, wtt at law or tn eqvity. thsr~fon a tha~afrM begw,, may bt prowevt~d ~s if at{ monqs sKw~d h~erbp
had m~tu+~d prip to ib inst~h~tion. ~
7. That in tl+~ ~vMt thaf at ~hs be9'wreg oi or at aery? tirn~ p~.edtng anr sui~ upon this Me.~qaga or to for~elos~ it, or te rsfo~n~ it, w to w+6oeer
psyment of sny dain» h~sund~r. ssid MORiGAG'ce shatl applY to the Cou~t having jur:sd~ct~ tlursof Ew th~ appoin~n»n? of a R~aivN, arc}~ Corrt shalt
forrhwit~ appoint a nteiv~r oF said mwegagd p~o~ty all snd singutar, indvd.ng all and w~q~iar tb~ incan~, proRb~ is~wa and ?fwnws fran w~1r+rN
wurc~ d+riwd,. ~ach and ev~ry of wh7ch, It be:e~ expr~ssty vndNafood, ii hereby matyag~d as if sp~t;fiaily sH torth and dNaib~d in tM ~.sntin~ and
hab~ndum daus~s hu~oi. and such Rec~iwr shall hav~ all t}u broad and eff~ctiv~ fixxrian ~+d powMS in anyw:s~ enlnat~d by a CouA to a Qwiwr, and
s~ch ~~oN+?~n.+,+ sh+N b. ~nad• br.wd+ Cowr sa •n i~111ftl1~ lqYily Md i IEittK of e'~solut~ ripbr w fa:d MO~TC,AGE~ ~d wirlw~r? nf~nne~ ~o tM
adaquacy or inad~quacy of th~ wlu~ of tM propMty morrgag~d w ro the sa:rency or irsolvency of aa+d I~pATGAGOR w~h~ d~F~nd~nts, and thN such
rent~, profita, incan~, isw~s a~d r~r~nws s6a11 b~ applad by sucl+ R~ceir~i accwdiny to tM li«~ or sqv:~y of s+id MORTGAGE[t ~nd tl+~ pradie~ of wds
Couet. • ' '
8. To duly. pranpN~? snd fully p~rfonn, discl+ars~, ex~a?t~. ~ff~ct, comp{+t~, compty witl~ ~nd ~b'd~ by e+~ and ewer th~ stipula~ion~, s9rNnNnts,
condttans and cov~wms in aa:d pran~ssary not~ and this mwtg~g~ set fwth. £
9. That in tl+~ ~v«N th~ ownKahip of tl+e +~wrtg+g.d pr«~is~s, a any p~A tF?enof, beoomes veu~d in ~ p~rson otl~ thsw th~ MORTGAGOIR, tM ;
MORTGAGEE, in woc~s~ors uw! sssiara. may, wirhout noiw to t1+~ MORTGAOR, dsal w~rA such wccasaor or •successor in ;nl~nst wieh n/e~nce to ihis #
mwtgaq~ and th~ d~ hNtbr s~cwsd in tl+~ ~ams maener as with ?Awtgagor wi~houf in any way vitiati~g or discharg;np tM Mong~gws l:sb~l:er i~r ;
unde~ w vpon tM tiebt fier~by secur'd. No sal~ oi tlt~ Frernis~s hs~eby mort9sg~d and na fwb~a.anc~ on fi+~ pan oi th~ N10RiGAGEE a its woc~s~on d
or auig~n and rw eatMSion of ths time for tln psye+~n1 of th: debt hereby secvrad giv~n by th~ tAORTGAGEE w ib su~s~+wrs or sssipry shaN o~rat~ a
to rel~+sy d~schary~, nwdily thang~ or affed tfa wig~nal lisb~lity of ths MORiGAGQR hMNn, eitiwr in whol~ w in parf.
10. lr ts s~c:P~caliy a~.a~d tIN1 tims is of If» eue.K~ of th~s controct an3 ti,st no wa:var oi any obi~alion hu~wrnd.~ or of Jn~ cb;,sat+ow s~• ~
cured hsreby sh~ll at any tin+~ the~eaher be Mld W Se s waiver of tt~e terms hen.wf w of t}» instrument s~cw~d Mrby. . p
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, and a9r_s~ to ps e~ w~rh each manrhly payment an add:tional sum aitimsred mortgagN to b~ equal to 1 f 12 of th~ (ay~ 7
ing: ' . - .
A-All real propeAy taxas levia~' w asstased aga.. dasvi~sed rtal estate.
B-Pr~miums on fire and winc!sfwm inaurar.ca as hsrein requ:red th: improvemw~b s~tvst~ on tM ~bov~ dhcn'b~d pr~nis~s„
C-Premiwns on wcl~ mortgag~ gwranry ir. gages shail from time to hme carry on tht ban s~evr~d h~r~by. >
/,br?gage~ shaq fron~ ' norify mortgagw in writir?g of th~ ar.~ount due and parabts herwndar a sfisll tiMre~pon b~ du~ and ~
payaW~ o • o the near monthly paymsnt a~d eacl+ tvccessive i*onth tharraher unti) mortqag~ s}~all nolifp enortgag ~ in stKh
P~sw~iwrww ~ •
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I THIS IS A BALLOON MORTGAGE A1~D THE BALAi`~CE DUE UPON 1~rtATURTTS . ~
IS $7, 200. 00, TOGETHER `VITH ACCRUED I~TEREST, IF AN1, AND ALL AD- ;
VANCEIIZE\TS MADE BY MORTGAGEE U1~DER THE TERMS OF THIS MORTGAGE. ~
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tTNESS W R" , th RTGAG02 has fi-_.evnto ut his hand and sssl the day and yesr finf aforesaid.
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S, ~ ~ ~ d- - ~ ~.h.~~- o~: 3~.38~ j .
~ ~ ~fin s
F?LEO Ari:' REGJR EO Ralpn-~:
C'Z~i~S;-3r. ;
ST. F06iE"CF~1NRAS~A.
- Ctf~ti C! ,CU~i COURT . ~ ~
aEr,~a~ vER,F:~a.-.~.--~-- 4
SjAi~ OF f[ORIDA ~ ~~L 31 2 SO PM' I~/-
~ couyn o~ ST, LUCIE ~~'yt f~''
e-fort ma penonafly appesred RALPH E. CRIBBS, SF~"r .,,d
~ _ 11iIARGARET IF~BS h~a wife, to me welt known and known to b~
tne individuals dascribed in and who executed the forego~rg instrvmsnf, and acknew:rdgad before me ihat they executed the saen~~;fd~l~fp%~idF~~t~q #
~ th-~ein e~p~e~sed. Md th- sa~d MARGARET M. C~~3B$ b~ ~
v.~Ee o! Yr,- sa~d RAi PF-i E- _("R.II3RS~ .ciR_ vpwis seyi?~ye~nd pr1{yf?~Yir ~
~ examin~t.on by me taken :-pe~ata a~d e~+aA fror.~ fier sa~d fiusband, atknowtadged to and beio~e tne that sne executed said i+~
~1i1?n~edt frel~~r s~?ol~- G;
~ r~rit~ and v.~ti+out any compvTs~on, eo~~srrainr, appreh.ns~on, a~ of or frarn her u~d h~aband. ~ ~
\JIT~tic55 my hand and off~c:al sral thi d~y of_ J~y _~~~',7 A. ~r ~
1}~....~ 4~ : 3
/3. b, ~ -
TH~S 1NSTRUMENT PR pp Notary Pub(ic in tnd EoI f ate of f(Orida'~?.lsrg~
~aR~a ~ ~ '
Frank l~ tily Comm~ssion e:pireu ~
Return To: r7. Fe~ •
p r i Esquire, ~ 1~'~:,..~:n.••~~t~~~~~,\.
First Frderal Savinga b Lo~n Associ~tion Fee. ~"a:ke~ ~ fee~ p~ a 1~lolory }uh$[, StoM of Florido aR
Of Forf P~_rtr c a M Comm~sran Ex res Oct. ~0, 1
Fort Piarce. fto•~d~ Flf~t F'edera{ Buildin y ~ q ;
b 6ooded by Ame~:con F~re 6 CosvalrY PACE Vzr4 ?
~ fo~t P~erce. florid~ 3345D ,
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