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HomeMy WebLinkAbout2524 To pl~c~ ~nd con~inuou~ly k..p a+ ~h. bu~ldirqs rww or h~r~af~er ~ituaN On t~ IMd u~ On ~11 puipMnt M1d p~tfOnally covN~ by ihi~ erqfl¢ p~, wi~h d) pr~eniwm tMreon p~~d in (ull, fi~e iniur~nu in ~hs ~iwl ~~udud policy form, in •~um approwd by tM MORTGAGEE. ~nd wi+~torm iiuura?cY in tM us~al s+u+d~rd pNecy fam, in a~um approv~d by tM MORiGAGEE. In wch canpanY a oomp+ni~a a th~ MORiGAGEE may , dlnctj ~nd NI ftn ~nd wioda~orm ins~xu+cr policies on any of wid build~np~„ ~ny if~fHpl tMr~in 01 pitt tFNtlOI, In tM pprty~q wm ~fa~safd a~+' M acceu tMrwi, ~Fwll conui~ d» uwal st~ndKd mortys~ claus~ a wch otha dws~ ~s tM Mat9pN may rpuin, mslclnp tM loa~ vndM ~ud po1E ci~s. ~ach and ~v~ry. Wrabl~ w iaid MORTGAGEE a in in~~ra~ may ~pp~ar. ~nd ~ach and ew+y such policy ~hall b~ promptlr aa:pMd ~nd d~livKed ~o ~ny h~W by said MORiGAGEE ~s iv~~hs~ iecv.ify to s~id mortp~~ ckbt, a~d, cw1 I~ss tha? IM (10) days in advanu of th~ ~xpir~tion of ~~ch policy, ro d? • hw? 1o wid MORTG/1GEE a ~en~wd IM.eof. ~09~~l~ with ~ rac~ipt fw ~M pnmium ot wch rMSwalj and ~Fw~ sMll b~ ra fw~ a winda~am Imwann plaad on ~ny of said bulldinps. ~ny iotar~st tl?Kein or p~rt tMreof, unku in ~M form ~nd with ~M loss payabl~ u da~~aidi +ed in ~h~ ~wnt ~Mr wm of ma~y b~cpna payaW~ unc{~r ~uch policy a policies s~id MORTGAGEE sMll Mw tM optan fo r~teiw +nd ~pply tM unw on aocount of IM ind~btd~ n~st s~cvrtd Mnby a w p~.mit s+W MORTGAGORS to rsuiw ~nd w~ it a any •part 1Mrwf fw o~lw~ purpo~es, wi~hoW fher~b~ waivinq w rnpair• ! d'~ inp w+Y p~ity, li~n or riqh~ w?dsr w by vbtw of this mort~ages and in tM ~wn? ~aid N?ORTGAGORS shall fa My r~awn i~q ro k~~p tM aid pnenises w~„~r kqurad. a fall b d~livw pramptly ~ny of said polKies oi inwr~nt~ to s+id MORTGAGEE, a f~il promptly to pay f~ilr aey pnmium tM~~fo~ or i~ ~ny e,: ?~sp~ct bil b pKfwm, dixha.pe. ~xecvt~. ~ff~c?, complete. comply wide and abid~ by this mwn+nt, w any pan h~nof, said MORTGAGEE n+ay pl~u •nd p~Y~ (a wch Inwr~nc~ a~ ~nr put ~h~reof without waivinp a affectinp any option. Ikn. equity. or ripM vnder or by virtw of thh Mortp+q~. ~nd the full ~movnl of tach and ~wry :~ch psym~nt ihall be immediatety dw and payabb and sh+ll be+r inttrest from Ih~ d~t~ thsriof ~ntil paid at th~ ~~q ol niM pN cMtum pN ~nnum ~nd to9e~her wi~h wch inrerest ihall b~ secvred by tM li~n of ~h4 mortpape. 1. To pKmit, canrtJt or iuffa no wats, Impairment or deteriwation of said propNry or ~r psrt thertof. S. To p~y ~II ~nd sinpular tM costs, eh+?yes ~nd ~xputfes. Ie+cl~dinp a nawnabh ~ttaney's fN and eosts of ab~tr~ett of titl~. ineutr~d or p~id » any time by s~id MORTGAGEE, b~cause a in t1w ~v~nt of the failuro on tM pah of th~ uid MORTGAGOR to duy, pomptly uid f~lly p~rtorm, discha~ execvt~. ~itea. comp(e~~, compty wi~h and ab;d~ by ~ach ~nd eve?y the i~ipvla~rons, sp~cenu~rs, co~dir~au. •nd aownann of aid p.omiuory nof~ ~nd ~hu mortQps uiy w~ithN. and sa~d costs. cMrpes and eapenses, each and ~very. •ha11 b• im~o.dia~ely dw ~nd payabNj wh.~ha a ~ot tl~n b~ notic~ dr mu~d, snempt ro collscl o? wit perwf~ngt and tF~e fuU amovm oF each and wery wcA payma+t aMlt beu int~r~tt from tM date th~rwf until pald d tF~e rate oi nir» pa ccmum per auwm; and ~U said oosts, charget and exp~n~es innirred a paid, logtther with wch intu~sf, sMll bt s~wred by tM Iwn of iha morrp~ps. - 6..ihat in the evenr of any bre+ch of this Mwt~ape or default on the paA of tF» MORTGAGOR, or (b) tn tM ~wnt any of s~~d wms of mwry henin reien~d ro b~ not promptly snd fully paid within th~rty (30) days oea~ af~x ~he same seve.aly becan~ dw and payabb, withar~ d~mand a notiu. o~ in tl+~ ~wm each and every tM ~tipulations, agraemer?t~. conditiwn and covena~b of ss~d p.omiuory note and this n+orpapt any or ~itl+tt are nol iuly, promptly and fully pe.tormed, dixhuyed, ~aecvtad, effeued, compl~ted, complied with ~nd ~b~dad ~iy, fhM in either w u~y such twnt tM s++d a~ gre9at~ wm mentionst! in said promiuoty note the~ ~emaining unpaid, with inrerest sca~ed. and atl money~ s~cured 1~r~by. shatl b~twn~ dw ~nd pay~ •bls futhwith, a therestt~r, a1 tMe option oi said MORTCaAGEE, as fully ~nd completely as if all of ths said wms of moeMy v~w~ aipinally ~t~pubted to be pstd on wd+ day. anythirg i~ ss:d prom~ssory note w in this Mort9age to the contnry notwilhst~ndinpj ~nd ~het~upon w ther~~hK at tM op~~on of aid MORTGAGEE, witho~~ notic~ a dema~d, suit at taw a in pvity, thereforo a thereafte? beyury ma~r be pro~scuted u ff all moatps s~and lwreby Md m+tured prior lo its institution. 7. ihat in ths eveot that at the beginncny of a at any time pend~ny any tuit upon thia Matysp~, or to for~dos~ N, or to hform it, o? to ~nfo~a paymeM of any claims hereuoder, said MpRTGAGEE sMll apply to the Court Mvirg jur~sdrction thereof fw 1M appointment of ~ Ret~iva, wch CouA ~II Fwthwith appoint s receiver of said mortyaged property all and singular, includug all and singular tM irscome, protin, Iuvss and rewr?ves from whatwe? source daived, each and wery of which, it beinp expressly understood, is hereby mortgaged p if spetifitdlr set fo~th seid davibed in tM pr~ntiry a~d habe»dum davsea Mereof, and lVCA RKlIVH shall have sil the b~oad and effectire functw~s ~nd powe~s i~ anywiss eotrusted br a Court to ~ Receive?, and :uch sppointmeM sMll be made by wch Court as an admitted equity a~d ~ maner of absolute righl to said MORTGACsEE. and withouf roferente ro ths adeQuacy a inadequacy of tho value of the property morfgayed or to the wrvency a insolvency oi said MORTCaAGOR p tM defendants, and that wcA rems, profin, income, iuues and revenues shall be apptied by s~th Reteiver atcordinp ro tht lien w aqoity of said MORTGAGEE ~nd tM pratfit~ of suth Court. 8. To duly, promptly aod fully perform, dscharge, execute, effect, complete, comply with and abidt by each ~nd w~ry th~ stipulationt, agreemanq, conditions and covenants in sa~d promiuory oote ud ~his morfyage x~ forth. 9. That in the event the owncr:hip of the mortgsped prem~ses, p any parl thereof, becoee~es vtsted in a p~na~ o/hK th~n the MORTGAGOR, tl» MORTGAGEE, ib succeuws and au7gns, ~Y, wifhout notice to the MORTGAOR, deal with such succeuw w succe~so+ in interest with reference lo this mortysge and the debt hereby sec~red in N+e same manner as with Mortgago? witlaut in ~~y way vifiatinp a discharginp tl+e Mort~agors' li~bility herr under or upon the debt he~eby secured. No sate of the premises hereby mo~tgaged ~nd no fwb~arance o~ th~ part of tM MORiGAGEE w its suooessors or ~uigns snd no extensio~ of the time fw the payment of the debt hereby secured 9iven by the MORTGAGEE or its wtt~ssors or astigru, thall op~rat~ ~o rekase, d~scharge, modify change or aftect the orig~nal liab;lity of the AhORTGAGOR here~r?, eitix~ in whole or in put. 10. It is spec~f~catly agreed rhat t~me is of the eurnce of tha co~traN snd that ra waiver of any obliyation hawnder or of tM oblipation ss- cvrtd hertby ~h~ll at ~ny tinK thereafter be held to be a waiver of the terms hereof ot of the instrume~t secured herby. 11. In add~tia~ ta the faego'.ng monthly payments of princ"pal and intrrest required by the promissory nore srcvred hereby, mo?tgsgo? covenants and agrees to pay to mo:tgagee with each monthSy paynxnt an add~:ional sum estimated by rtartgagee to be equsl to 1~12 of the arw~wl tosf of the folbw- irtg: A-All real prope~ty taxrs levied o~ asussed agai~st thc above described resl estate. B-Premiums on fire and windsrorm i~surar..e as herc+n requ:red to be carried on the imptovemenis situate o~ the ~bOVe desuibed premises. C-Premiums on such mortgage gwraNy inw+ar~ce as mortgsgee shsll from t~me to time deem fit to csrry on th~ bsn setured hereby. Mortgagee shall from time to time notify mortgagos in writing oi the amount dve snd payabk Mereunder and such wm slwll thereupoo be due ~nd payable on the duc date of the next monthly payment and each succe;sive month thereafter u~til mortgagee shall notify mortgagw of a chsoge in such amount. Such sums sF.a{I be applied by mortgagee toward rhe payment of real property taxes, inwrance prem:~rta, and mortyage guaranty inwrance premiwns. tN WITNESS WHEREOF, the ssid MORTGAGOR has hereunto set his hand and seaf the day snd ye~r first afwesaid. i Signed. Seakd snd delivered in the presente of: n' . f f11E01tt~i tZEC~?~tflFe ~ ,CL ~A~ (Se~q ~ ST. ltiCli G~L'ttn fll '"t~i~'=I i am . Qe s e r ttCG=~ ~?tTRAS q i Ct~RE :~JlT COU~T J R~c :t ~ ~~~t~-:E~ aren . es er ~ rc..p STATE OF FIORIDA ~j ~ 8 3 i 3 PM St. Lucie ~ ` ~ couc~rnr oF - ~o.~ ~ ~~iiy,~„~ ti'illiam A. Hester ,,,d Karen P. Hester ha wife, ro ma well k~own .rd knowr? ro me ro b. rhe individwls described in and who eaecuted tlx foreyoing instrume~t, ~nd acknowledped befwe me tMt they uewted she sam~ for tF~e purposes ,h~,~~n exP,~d_ a,d rh~ Karen P. Hester g wife of rhs ~~a t~illiam A. Hester ~ examinaYwn by me taken separate and a n from her sa~d husband, acknow! ~P~ ~ kW?ate and privat~ pa edged to and before m~ that she executed said irotrumem heely and volun- ~ rarily and witho~t any compulsiw~, constraint, apprehansi ~~or fear of or from her pid husb~nd. ~ WITNE55 my hand and official sesl 1hK ~~t~ d,y of Au ust A, p, ~q75 a g Nw+ry Public or 1M Sqt~ of Florida af Larp~ ~ My Comm" ' expires: Return To: ~yQbry Pv~lic, Sfo1e of Florido ot [o~ fint Federal Savings 3 toan Associat~on y~y Cor.cm+ss~c+~ ExP~?ES luly 2'l. 1977 ~ Of Fort Pierce. bpnded by Arner~sA^ f~re 3 Ce«?aNy ~ Fort Pierce, Florida ~ w ~ ~ This Instrument Prepared By Gary F. Ellwood - First Federal Savings b loan Association z'. % ~ of Fort Pierce, Florida : v ~ 0 R ? _ ~ t ~ ~ Checked By ~•,P'1~ BOCK ~Gf ~,tJ~.rV - 't . i%, ; t, • ~ ;l~~ - ; . ~ ~c'•~ - ,S , c:. ~ • ~f~•J~,i';,:r~''ti, ~ ~ sh ~ ~ ` € - _ , ~ ~ r.~ ~ ~ ~ ; - ~ . _ : ~s