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HomeMy WebLinkAbout2536 e To pl~u ~nd contin~sly ke~p on rM bv+idinp~ rw~w a hereahN N~wN on t~id la,d ~nd on ali puiprMet ~nd pasonaliy cov~r~d by ~hi~ mortp~ ~p~, with ~II pnmivmf IM~~on pa;d in full, lin in~v~~nce in tM uswl sand~rd policy form, in ~ tum approvd by 1M MORiGAGEE. and w~torm ~nNnana In tM uswl ~ta~da,d pol~cy tam, in • wm ~pprov~d by ~M MORTGAGEE, in wch c«npu~y a compa~?iN a th~ MORTGAGEE may ~ dk~ctj ~nd all fin ~r?d wind~twn+ fnsura+c~ polici~s on ~ny of Nid b~ildmps„ ~ny leNr~~~ ~Mr~in a psrt ~h~nol, b tM apprep~r~ ~wn ~fa~saW a•'"~ In ~au fhtnof, sMll eoneain tM vwal standard morrqa~ el+wa a sueh al?w eiww a tM Mort9apM nwy rpu'u~, n+~kinq tM Iw~ w~d~r ~a1d polF ~ eia, ~aeA and wKy. paYabb a uid MORTGAGEE aa ~~s inrerat m~Y aM»ar. ~nd ~aeh and ~way wtA poliey ~11 b~ pa~~plly pt:qeNd and dtliwr~d ~o I r ~ ~ny Mld by s~td MORTGAGEE ~s iw~ha ~ac~rity ~o said mo.~p+~ d~b~, ~nd, not I~ss 1Mn Nn (10) dayt In ~dvar~ of tM ~xplr~lion of Nch policy, ro dt • livK W s~id MORTGAGEE ~ rtn~wal 1Fweof, top~~Fw with • ractipl fw tM p~mivm of wch .~new~ij ~nd tMt~ ~MII b~ no f'a~ a winds~am inw~ant~ plaad oe w?y of aW buildi~ga, ~ny int~r~it thK~in or part th~?wf. unleu in ttN fwm u~d witb ~iw loss p~yabl~ ~a ~for~wid~ ~nd in tM ~ve~~ ~ny ~un+ ~ of ~y b~canM p~rabt~ u~xia wch policy a policN~ said MORTGAGEE ~MII haw tfis opt~on Io ncNr~ and ~pply tM s+me on accounl ot tM ir~br~ mu wcvnd htr~by p w p~nnit said MORTGAGORS to ~eotiw M+d uw il or ~ny put tMr~of for otha pwpoH~. without fhKfb/ waivinp p m~pair- t~; iep u~y quity, li~a w riph~ vndN a by vi~tw of ~his mortp~~j and in tM went said MORTGAGORS sh~ll fa ~y nason f~il to kMp tM'a~id pnmisa w~-~r ~ 4uund, a fail b d~livN promptly any of said policies of i~twanu ro srtd 1NORTGAGEE, a r.~i ~?~uir ro P.r wiy uiy prN++iwn thado~ or in any . 1~ r~~ fail ro paform, dxhsry~. ~~cecvt~, ff~Ki, compl~~~. camplY wirA a~d ~bid~ by this cownant, w any pan Mrwf. safd MORTGAGEf may plac~ ~~+d paY fw ~uch iaw?anc. or sny pan ~h...of without w~ivinp w~fF~ctinp any.option. lien, equity, a ri~ht uedN a by virtw of thh Mortyapt. w+d ths full arno~M of ~ad~ and twry such payment ihatl be immedi~roly dw and payabl~ and il+all be~r int~rn~ f~om tl+~ dah ther~of ~ntil paid at th~ ra~~ of ~ nirw p~r cMtum pa annum and 1o~ethe~ with such interes~ ahalf be secured by tM lie~ of this mortpa~~. To p~rmit, commit a suffM no watre. impai?ment w deteriaativo of said prop~.ty w ~ny p~rt therwf. S. To pay all ~nd sinyul~r sl» co~b, ci~upra snd exp~nses, includinp s reasonabl~ atto~nyrs fi~ and wsh of ~bshacn of titl~, incun~d a paid ~t ~ny lime by s~id MORTGAGEE, becauw a in the wa+f of ~Fw failwe on the pin of tM said MORTGAGOR b duy. prompty ~nd ivlly paform, d~scMrpR ~ execvt~, eff~ct. oompkte, comply with and ~b~de by each ~nd avery thq .s~ip~latwro, s9reaments, cadition~, and oowna~ts oi ~aid p?omiawry not~ and thit mortpp~ ae~r or ei~hM, and sa~d costs, charpa and expenses, each ~+nd every. sh~ll b~ invnediately dw and payabl~t vviNther a no1 th~re b~ notic~ dt mand, ~H~mpt ~o co11M a suit peod~ng; ~+d ~he futl s~no~nt of each and eve?y such paymenf shall bw iot~na~ fran tM dat~ th~reof unNl p~id N tha rate of nine p~r ce~tum pa~ a~uwm; aod all ssid cosn, charges u~d expenses inwr~sd o~ paid, wp~th~t with wch iMtreil, slWII b~ s~cured by tl» li~n of thq mort~p~. 6. T}wt i~ fh~ ev~nf of aoy breach of this Mortysqe o~ defaul~ on tM ps?t of tMe MORTGAGOR, w(b) in tl+~ went iny of ~aid wmt of morwy he?ein rsfe~red to be ~wt p~omptly a~d fully paid within thirty (30i d~ys ~ext a(ta"tM sam~ kverally btcan~ dw ~nd p~yaW~, withovt demand or notiu, or in tfis ~wru each and ~very the stipulatiorK sgreem~nts. conditions and cownann of said promissory not~ and tlps mapap~ any a~itlu~ u~ no1 i~ly. prompNy and fully performed. d~uMrged, executed, effeded, compkted, complied with ~nd abided ~iy. tMn in tither o~ a?p ai?ch ~wnt th~ ~aid a~ praya» sum mentio~ad in s~id promiuory note then remaining unpaid. with intmest accrued, and all moneys wcvred htrebY. shatl b~can~ dw and pay- abl~ forthwith, a thereaha, at tFK option of said MORTGAGEE, as fvlly +rd completely aa ii ~11 oi tl+e said sums of mon~y w~n orginslly stipulated ~ to be p++d on such d~Y, anything in sa~d p~om~uwy note or tn this Mortyage ro the contrary norwi~hsu~dinp: ~f1~J fMt~YpOfl O~ tI1QfNffN it tM Optipl pf said MORTGAGEE, without not7c~ or dema~d, suit at law w in puity, ther~fon or thereafter be~ury may b~ pros~t~ted q if atl mor~ri stwnd Mreby had marured prio. ro in ins~irution. 7. TMt in tM event Ihat at the beginninp of w N any tim~ pa~dinp any wit upon tF~i~ Mwtp~y~, or to foraclw~ h, w ro reform ot to enforp paymenf of ~ny tlaims Ae+eunde~, isid MORTGAGEE shall apply to tM Cou?f Mvi~ jurisdiaion therso( for tM appointma~t of a R~c~ivN, wch Cowf shall fathwith appoint a reeeiver of said mo?tpaged proputy all and s'a~pulu, inchid~np all and sinpulu tM incomt, p~ofits, issues ~nd r~vtnues frOm whaNwr wurce derived, each ~nd eve.y of whKh, it be~rg expressly undersrood, a hcreby mortgaged ss if apecifically s~t forth and de~aibd in tM 9ra~t~np snd habendum cbvses hereof. and such Recehrer shall have all tM bro~d snd ~ffective functions a~d powers in anywis~ ~nf?vatad by a Court to a Receirnr, and " iuch appointment shall be made by svch Go~xt as ~n admitred eq~ity and ~ rrNner of absduM riyht w~id MORTGJ~GfE, and wi~hout rtfKenu fo tF» adeqvscy w insdequscy of the value of the p.ope~ty mwtgayed w. to the sotvency a i~wtvency of said MORiGAGOR w the dtfendants, and that such rems, proFin, income, iuves a~+d ~evenuas shall bs applied by lUCFI RKlivN accord~ny to the lie~ a equity of ~aid MOitTGI?GEE and the practice of wch Covrt. . 8. To d~ty, promptly and fvlly per{o~m, dschsrge, executs, effect, cwnplete, comply with and abid~ by wd~ and ~vlry fFr sfipulations, aprssmeets, f conditaro and covenants in said promissory note and thia mwtgage set fonh. 9. That in the evem the ownership of ~M mortgaged premises, or any part thereof, becomes vested in a person other than th~ MORTGAGOR, the MORTGAGEE, its successwi and assigns, msy, w~rhout notKe to the MORTGAOR, deal wieh such waesiw or suaessor in intaest with refe?ena to ~his - mort9aQe snd the debt hereby secured in thr same manner as wi~h Mwtgagor without in ~ey way vitiatirg or dischuying tl+e Morty~yws' li~bility h~rr under or upon the debt hereby secured. No sak of the p~amius her~by mortysyed and no fwbear~nu on the pan of the MORTGAGEE w i» suocesson } or auigrq and no extension of the time for the paymeM of the debt hereby i~tured piven by the /NORTGAGfE w i1s wcot~son or assispa, shrll opsrat~ ~ ro r~lease, d:sch~roe, modify chanfle w a((ect ~he origina! liab~l~ty ef the AhORTGAGOR herein, ~ither io whole or in put. 10. It is specifically sgreed thst time is of the essence of this contract snd that ~no waiver of any obl'qaYwn hereu~der p of th~ oblipatio~ se- cur~d hereby ahatl at any time tAe.eafter be held to be • wdver of the tenns hereof w of th~ iratrurn~nt secwed harby. ~ I1. In add~tion to the fwego:ng monthly payments of princpat and interest required by the promissory note setured hereby, morty~gor coven~nts and aprees to pay to mortgagee with eacli monthly payrnent an sddi~ional sum est~mated by mortgsgee to be eqwl to 1/12 of the aru?wl cost of ths follow- ing: A-All real property taaes ievled w asscssed aga~nst the above described real estate. 8-Prem+ums on fire and windstorm insurance as here~n requ~red to be c~rried on the improvem~ib situafe on the above desuibed prerti~ses. C-Premivms on such mortgage guaranty insura•~ce as mwtgagee shsll from time to time deem fit to carry on ths loan setured F~eby. Mortpayee shall from time fo time'notify mortgagor in writing of fhe amount due and payable he~eunder snd such wm shall there~pMt be du~ ~nd cayable on the duc date of the next month:y payment and each successive mon~h thereafter until mortgsyee shall notify mortgsyo~ of • change in such amounf. Such sums shall be app~ied by mortgagee toward the payment of real property taxes, insurance premiwns, snd morfyaye ywranfy insurance premiums. - i IN WITNESS WHEREOF, d~e said MORTGAGOR has herevnto set h6s hand snd seal the dey snd fint ~for~asid. ~ - i Sgned, Sealed a del(ver in the pr of: I , ~ ~ wt _ n ~ Witness ~ ~ . n ~ ~ STATE OF FLORf~A ~ courmr of Sta Lucie ~ Befwe m~ personally sppeared Ha21By_?OIInkiils ~ Ra rba r a T_ Tc~nk in s his wiie, to ms well known ~nd krwwn to rn~ to b~, 3 the individwls described in and who executed the foreyarg instrument, and ~cknowled~ed befot~ me that tt~sy ex~cuted tht sartw for ths p~rposss 3 rn~?e~, .xa~d. a,d rne ~~d Barbara J. Toapkins ~ w~re or rh. ~~a Hazlev ?oaekins ~ exsmination by me taken sepsrate and a rt from her said husbsnd, •~P+~~~e and pr'rv~b p+ scknorvledged to and befae r~ that sFw sxecuted ssid instrumant heely and volwr rarily and witho~t any compulsiore, constraint, appreheroion, feu of a from her s+id huaband. ' WITNESS my h~nd ~nd official seal this ~ daY of - A, p. 19~ • t Notary PuWic in ~nd fw ihe t~ of Fbrida N Larp~ ~ My Commiuion ~apir~s: . '"j ~ Return To: I I 3 ~ First Feder~l Savings 3 loa~ Astociation S Of Fort Pierce. _ ~ Fwt Pierce. Flor~da f~,Ep kr.p AECUR~EA. .+i ~ f~. WC~E G~UMTr t . r-~ ~R~S ~ AG-= Fv~ OURT Z~ ,f',~~~:.~, ~~y`~~, ~ C1.ERi. ;;?s.~UiT C . , G ~ Rtc~+R~' 1~F F~EO..~~ ; ; 't;="1B'f ''•..~l~;% ~ This Instrument Prepared By John W. Collins ~ iJ First Federa) Savings b loan Association p~ 3 zs PM ~5 f,:t{~('.,;~`"'- " ~ o f F o rt Pierce , R l o Y i d a 3 3 4 5 0 ; ~t,~,~~, . , I ; H- Checked By ~ C ~y , y ; ^ t~~~~~~• 1~~. a~i~al~f. ~ ~ ~ e~p ~ ^ ~ rI``"• •l' . l' R FAGE25J0 ~rl~~+f•~~!!!?'4~f~i:.t'..~ ~ BOOK•. ~ ~ • . . F - dz ~ ~ Y ~ _ - - - - - - ~ - - _