HomeMy WebLinkAbout1342 To plac~ ~nd continuou~ly keep on tM buitd~nys ~w~w a iur~~ftir ~itwN on ~id la~d and on ~11 pvipm~~t ~nd p~r~onally oovtr~d by tNs ewrlq~
p~. with ~I) pnmiuma tF+trwn p~:d in full. 1'u~ iiuur~nc~ in tM usu~l s~~ndud policy fwm, in ~~um approwd by 1h~ INORTGAGEE, and wind~twm
Yuw~nn i~ tM ~w~l standud po1Ky fam, In a wm approv~d by th~ MORTGAGEE, in such coenpany a tanp~ni« a 1ht MORTGAGEE ma~?
d'incy and dl tir~ ~nd wind~~orm i~wrann pofides on a~y oi said bvildi~f, My 1~1tlfy/ tMt~lfl Of pi~t IINtpI, In 1!n pprsy~~~ w~n ~fassatd a
N uccNf the~~of, ~II ca,?~in ~h~ uiwl srandard mor~gap~ d~uN w wch aha dws~ ~s tM Mat9apN may rpua~, m~kMp ~h~ iw~ w~d~. wd pdF -
cl~s. ~+th uid w~+y, paY~bl~ b uid lNORTGAGEE a its inte~t~t may app~ar, ~nd ~~ch and wKy wch policy ~hall b~ prpnptly qs:pned «+d d~tiwnd b~ ti
~ny Mld by s+id MORTGACsEE as tur~he. ~ecuriry to iaid mort9ap~ dcbt, and, no~ kss than tM (10) d~ys i,+ advanc~ of tM ~:pk~tion oi ~ach policy, to d~ :
(iwr lo Nid MORTGAGEE a renewal the~wf, top~~M? with • receipt fw tM pnmium of wch ~Mtw~lj ~nd then aMfl b~ ~o fin a windttam Mswana
pl~ad on ~ny of iaid buildir?p~, ~ny Intcrcit ther~in a p~rl thsreof, unleu In tM form ~nd with 1M loss p~yabl~ as ~for~uid~ ~nd In 1M ~wnt any wiw
oi maNy b~can~s p~yabl~ und~r such policy o~ policies said MORTGAGEE ~hall haw th~ opt~ to rsc~iv~ a~d apply tM wm~ on ~aovm of tht ind~bt~ -
•MN Ncw~d hNeby q to permit seld MpRTGAGORS to reuiv~ snd w~ i~ w any put tMr~of fa osha pwpwes, without ~M.•b,r w~ivinp a rnp~in `
Mq any squity, li~n or rpht u~der a by virlw of this morsys9ej a~d in tM ~vent-wid MORTGAG()RS iMl) iw any rtaso~ fail b kkp th~ s~id pr~mi~ w ~
hwnd. a(~tl b dtliva prompNy ~ny of iaid polKies of insurancs ro aid MORTGAGEE, or (ail promptly to p~Y fvlly ~Mr pr~miwn thK~fa w fn any < 1
ti~p~ct fall b p~rfam, dischar~. ~xecute, effect, completa. comply wtth and ~bid~ by lhis townant, a~ny p~rt M~~of, said MpRTGAGEE m~y plac~ and f
P+Y fo? ~ucl+ 1nwi+~c~ o~ ~ny part thereof w~thout waivinp a ~ff~ctinp ae~Y option. IiM, equity. w ripht w~d~r a by vlrtw of ~hh Matp+p~. and tM 14,; ,
fvll ~t of ~ach and evxy such payment shall be irswnadiately dw and pay~bb and shatl Mu intKqt fran th~ d~N thK~of w+til paW ~1 th~ raq of
ni~e p~r unt~re? pet ~nnum and together with wch interest tMll be secured by tM li~n of tAis mptpp~. ~
1. To pKmit, commit a wffe~ no wsste, impairment or deterioretion of aid property ar ~ny pirt tMrwf.
5. To p~y ali and sirgular th~ costs, cMrpes ~ed ~xp~nses, includirp a nason~bl~ a»wn~y's ft~ ~nd ooits of aMnaet~ of tNl~. MKwrd a p~ld ~t
•ny txrK by said MORTGAGEE, b~caus~ w In th~ ~wm of rl~e failvre on ~1,~ pu~ of rhe utd MORTGAGOR ro duy, {xanptly u~d f~lly pKforny disthar~
~xetvt~, etfett, complete, comply with and a6~de by each ~nd every the itipulationt, apreemems, co~ditiona, u~d town~nts of said promi:toty nw~ ~nd thii
mortpape ~ny a ei~hN. and ss~d cosb, charpes ~nd expenses, each snd ~very, sMtl M immediat~ly dw a~+d par~bl~j WAOthft p flOt thNf bt notia d~
mand, +n~inpt to coiket or wif pendi~p: ae~d ~M fvll amount of each and wsry wch paymen~ shall bea. inttr~it from th~ dat~ tFwr~of vntil psid ~t tFK
nte of nins per untum per arowm; and all said costs, charges and expenses irKVrr~d or paid. topetha w~th svth intK~at, sMl) b~ s~cw~d br tM li~n of Nw
mat~a~.
6. That (a) i~ the ev~nt of ~ny bresch of this Nlwtgag~ or defsuh on tlr part of th~ MORTGAGpR, or (b) in tM ~v~M ~~y of s~id wms of mon~y
harsin rofsrred ro be not promptly and fvtly pa~d within thuty (30) days nex~ afier the isme severally becarn dw ud payable, wUhoW d~m~nd or notice.
w W in th~ ~wm each and ~wry the stipulations, agreemsnq. condifions ~nd cwenanes of said promissoryr not~ snd tl?~s mafpay~ any a~itMe ar~ no1
~+(9. Pr~P~h fully pa~form~d, d~scha?ged. executed, effected. compl~ted, compl~ed with and abided by. ~hsn in ei~F~ or any such ~wet tM s+id ap~
preyaM wm mer.tioned in said p?omiuory ~ote then remainiry unpaid. with interest acuued, and all mo~eys secvr~d hertbY. ~II b~c~ne dw and pap
•ble iathwith, or thsreafter, at the optan of said MORTGAGEE, as fulty and comple~ety as it sll of the ssid wms of mon~y wer~ aqin~lly stipulated
to be pa~d on s~ch day, a~y~hing in sa~d p.om~ssay note or in this llAortyage to the contrary notwithuandirp; ~nd therwpon a tlweafta a~ tM option of
•aid MORTGAGEE, without notice a demand, suit at Isw a in eqvity, therefwe or thereafter be9un, may be prosecuted as if ~II ma~eys s~cvnd her~by ~
Md mstured prar eo itt ins~itution.
7. That in the event that at the beginn~ng of or at any time pend;ng any wit upon this lNortgsge, or to fweclos~ it, w to reform it, a to enfwp
p+yment of any claims hereunder, said MORTGAGfE shsll apply to the Court havirg jurisd~ciioc~ thereof for the appointment of ~ Receiver, such Caxt sh~ll
fathwith appoint a receiver of aaed mortgaged property all •nd sing~lar, includ~ng s11 and singulu the incom~, prolits, issws and reveews fram wh~tever
source derived, esch and every of whKh, it being expressly unden~ood. is hcreby mor~gaged as if apecifically set forth ~nd dewibed in tM q.~ntirg and
habendum dauses hereof, and such Rcceiver shalt have all the boad and effettive fuocuons and powen in anywiie ~ntrusted by a Co~~t to a Receirp, ~nd
wch appointment shall be made by such Court as a~ admitted equiy and a matter of abwlute right fo said MORTGAGEE, ~+d withoW rtfersnt~ fo th~
~dcquxy o? inadequacy of the wtue of ~he properry mortgaged or to the sotvency o? insolvency of ~aid'MORTGAGOR or'tM def~ndanb, and ~hat such
rents, profib. incwne. iuues ~nd ~evenues shall be applied by such Receiver accord~og to the lien or ~q~iry oi sald MORTGAGEE M+d th~ ptactioe of svch
Co~rf.
8. To duly, prpnptly and fully perform, di~charge. execute, effect. complete, comply with and ~bide by eich ~t~d av~ry fh~ stipulations, apreemanq,
conditions snd coven~nts in said promissory note and ~his mortqage set forth.
9. That in the event the ownenhip of the mortgaged prem[ses. a~ny part thereof, becomes vested i~ a perwn othsr tlwn tFw MORTGAGOR, 1l+~
MORTGAGEE, ib succeuors and auigns, may, without notice to the MORTGAOR, deal with such succeuor a tuccessor in interpt with reference fo tha
mortgsge and the debt hereby secured in the iame ma~ner as with Mortgagw witFaut in sny way vitiatirg a discMrgirg tFw Mwtpapori' liability har?
w+der or upon the debt hereby secured. Na sate of the premises he?eby mortgaged and no fwbearance -on the pan of th~ MORTGAGEE w its suaessors
w~uigns s~ no extens'ror? of the time iw the payment of the debt hereby setured given by the N10RTGAGEE o~ its succ~sson p assiprq, shaU op~~at~ ~
lo release, dixhar~e, modify change or affect Ihe original liability of the N1pRTGAGOR herein, either in whole a in part.
10. It is specifically ag?eed that time is of the essence of this contnct ~nd that no waiver of a~y obligation h~reunikr w of th~ obligation s~-
cwed hereby shatl a~ any time ~hereatfer be held to be a waiver of the termi hereof or of the ins~rument secu.ed herby.
11. In add~tior. to the forego:~g monthly paym-nts of Frinc'pal and inte~est required by the promiuory npte setured hereby, mprf9sgor aovenanri
artd agrees to pay to mortgagee w~th each momhSy payr,,ent an add~rionat sum est]mated by mortgagee to be equal to 1/12 of the a~rwal cost of the foHow-
ing:
A-All ~eal property taxes levied w assessed agai~st the above described real estate.
B-Premiums on iire and windstorm inswance ss he+ein requ:red to be carried on the improvemenri sitvate on the above desv;btd premises,
' C-Premiums on such mongage guaranty insurar~ce as mortgagee shall from time to time deem fit to urry on the loan setured haeby, ~
Mwtgagee shall from time to time notify mortgagor ~n w.~ting of the amount due and p~ysble hereunder snd such wm shsll thereupon be dve and ~
payaWe on the due date of the next monthly payment and each successive month thereafter unti) mortgagee shall nofify mortyagor of a=h~nge in wch
amount_ Such sums shall be applied by mortgagee toward the payment of real property faxes, insurance p?em~vms, and morfgaye gwra~fy inwrance !
~l~tIRfT7. - . t
S
IN WITNE55 WHEREOF, the said MOR7GAGOR as hereunto set his hand and seal the day snd year firsf afaeseid. t
. Sealed and delivered in the presence ~
~ " ~
Ja s E. Matu a
?
" ' s- aro R. a u a ~
.~-_q
STATE OF fIORIDA ~ ,
courmr oF St . Luc ie
e~fo,e ,,,e Jan~e s E. Mat ula ~
penenally appeared ~
Carol R. Matula hu w~re, fo ~ Wen t~or,~, .~,a k~o~, ro m. to b.
the i~dividuals dewibed in a~d who executed the foregoiny instrument, and adcnowledged befor~ me thaf tMy execvted ttN ssrt» for tM purpw~s ~
rhe.~M exP.eued. a~d ~t+~ sa~d Carol R. Matula =
wife of tM ~a~d jame a_ - E. Ma t u 1 a ~ ~~~t~
eaunieation by me taken sepsrate and apart from her said husbsnd, adcnowledged to ~nd befwe mt that she execut~d ~id irutrumenl fnsly and volun~
farily and without any compulsion, cwnlraint, apprehension,~wL fear of or from her asid husb~nd.
WITNESS my h~nd and official seal thiL ~.J~ d~y ALl t15t ~ p_ 19 7$
F~~Ea ~?ne pecow ¢0 2G . 5~
:T. L111'rlC ~~ry publ' tor the Stat~ of Fkxida N lar ~
° ~OC~~ ?o~ra~?5 w
Retum ta ~ G•V My E°mm'uron ~xpires: ~ Z
CI.EFK v+ IT COUI~T r
Fint Faderal Savings 6 Loan Associat~on PEC~+R~ YE'~:IE~ _ _ - , = - - r ~
Of Fort P;erce. ~ O~ n~
Fort Pierce. Flo~ida ~ ~ J . _ ,
• 3~4~.34 .
This Instrument Prepared 6y Gary F. Ell~vood '
First Federal Savings b Loan Association . •
of Foff Pierce , F 1 or i da - • ' ; ; f - . " -
Checked By - " ' c " _1 : -
" ~ - • .
~ F 24~ Q~~F 1345 .
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