HomeMy WebLinkAbout0411 To pl~ct u~d contin~ioualy keep on tM buildinas now a Mr~aha ~iwat~ on ~id land ~rd on aU puipnwe~t ud p~rwndly aov~d by thN n+ort¢
ap~, with .u a.~,w~,u ~nu.oo Pa~d ~~i4 f~.. ~•w.nc. in th~ uswl s~+~dud polky foren, in i wm ~pp~owd b~? ~M MORTGAGEE. +ed wind~tor~
In~wano~ in ~h~ uiual sq~d~rd pol~cy (arn, in • su,n ~pprov.d by th~ MORT<i/?tiEE, In wch comp~ny a oomp+ni~s a th~ MORTGAGEE may
dind~ and NI fin ~rd winda~orn? inswu~a po~iciy on ~ny of ~aid build~npy ~ inNnst thK~in w pwt tMnof. in IM pprp~h wm ~fon~aW w'~,")
M~xcw Mrnof. shall ooouln tF» usual st~ndard n+onpa~N cl~us~ a sucA aMr dw~ a tM Matpa~ a~ay nqvir~,' e++kinp t1» loa ue~ uid po1E
dw. ~ach and iv~ry. wrabfs a s~sd 1NORfGAGEE as ~la ta~r+.i~ +Pp+~?. and tach and avuy w~d~ patky sh~it t» prvn~pir .~s:pn~d and d~liw+ad ~o
.ny IwW by aid MORTG~GEE .a fur~ha secu~iry ro ~aid mo?tp.~ d~W. and, rwt bu tl++n Nn (101 d+ys in advana of tM ~aplr~tion of ~+d~ Po1kY. w dr
liwr to said MORTGAGEE ~ ren~wal tMrsof, tops~fii~ with a reaip~ for tM pnmiwn oi wch rMtw~l~ ~nd t1+K~ ~hall b~ no fin a wMdttam Miwa++a
plaad on ~ny of s~id iwild'uq~, ~ny tntKat tMr~in w part tM?wf, unkss in th~ fonn u+d with tM bu p~yabb a~for~id~ and b tht ~wnt ~ny win '
of n~on~y beconwt payaWe w~d~r wch polky w policiq saW MORTGAGEE sh+ll Mv~ tM option w nceiw and appfp th~ ~+n» on aooouot ot tM Ind~bt~ '
rna s~ow~d Mr~by a a pe.ma said MORTGAGORS ro nuiw and us~ M a aoy put tMr~ot fw otM? pwposN„ wi~hout tMreby w~iviop a impasti
inp anY pu~ty. lien a riyht u~ w by virtw of thk mortppej and in tM ~wnt ~aid MpRTGJ1GORS ~MII far ~rqr r~ason fatl fo kNp tM ~id pnmisa w t;
6uwd. a f~il to d~liver promp~ly ~ny ot MW pOliCiN OI inWrNK~ to s~id MORTGAGEE, or fsil promplly fo paY fvlly ~nr pr~miwrn thK~fw a b W?~r ~ya~
nip~ct t~il b p~rf«m. d'ixhx~, ~xea,t~. ~ffect, campi~t~. oomply with and ~bid~ by th(s cov~nanL a ~ny pwt hawf, said M~ORTGAGEE m~Y P~see +^d ~/Y?
pay tor wch Gawancs or ~ny put thsrwf withow wstvin~ a ~ffMirg any option, li~n, p~tty. a ri~M ur~ a by vktw of thb MonQap~. ~ed tM
fvll amount of ~ad~ and ~wry wch payment slwll b~ irnnwdiat~y dw ~ad pyabl~ and ~hall b~s~ intK~st from tM daN th~rwt w?til paid at th~ r~N of
rJn~ pK cw+hrm pw ~erwm and toys~he? wi~h wch int~rest ihall bt secwed by tM lia~ of this morlQap~. ~ ,
1. To p~m~it, c~omrnit w wffer no wut~, Impairment a detKiwatan of sa;d propKty or any pWt th~nof.
s. ro P.~, .~i .«~a .~i.. ~o.n~, c~.. ~d .xr~~, +~,~i~w,o a naoMbb atw.nfy's h~ and aw» of abstncts of BtM. ~..d o. P,b a
any tim~ by ~id lNORTGAGEE, b~cws~ a in th~ ~wnt of tM failws on tht pwt of th~ said NIORTGAGOR w dvly, promptly ad fi+llp pKforal, ~dwp~l
~x~cute, ~ffett. compl~t~, comply with aod ~bide bp ~ach ~nd ewry the :tip~lstiorq. yrNm~n», oooditioos, and oown~ab of said promlawry no~ and thb
at p~ ~np w~ithN, u~d ~aid oosn. chupe~ and exp~~set, each a~d ~wry. ~MII b~ hnmed'u~~ly dw ~nd p+YaW~t wMthK a not tMn,b~ notia d?
m~nd, anempt !o colbti a svit p~nd~npj and tM fvll ~nwunt of esch and ~wry wch paym~nt aMll bw. in~a~s~ fran th~ dab tMrwf uetll p+W ~t Hw
rate of nine per esni~m per annw~A; and all ~id tosts. cMr~ts and ~xp~nu~ intwr~d or. p~id, topeth~ with suth Int~nq. ~MII b~ Ncurd bp d» li~n of thi~
^artp~pi.
6. TMt k~ tM ~wnt of any bre~cl~ of thb Mwtyap~ or def~ult on th~ part of th~ MORTGAGOR, p(W in tM twnt u~y d wid twn~ of moMy -
Mr~in nfM~d ro M nw promptly and ~ulty pafd within thirty (30) dsys nsx~ aher tM same s~wraly b~cwm dw aod paY~bb, withoW dNn~nd a ew~ic~,
w W tn tM ~wnt wch and ~wry ~h~ itiputatiwa, ~g.~srmn». conditions and coYen~nb of said promiwwy not~ ~nd Nw morqp~ any w NtMr an ~wl
~+~Y. P~~P?b and fvlly pKform~d. dlscharped, ~~cecvt~d. ~ffscted. comPl~t~d, complisd with and abdad by. tlwn in ~itM~ a any such ~wm th~ wid
preQ~t~ sum me~tioned in ssid promiuory note then ranaininp unpaid, with Interesl atcrwd, and all moneys wcured hu~by, sh~ll b~oom~ dw ~ed paY
abN forthwith„ Of tI~lfNffH, at the optan of said MORiGAGEE, ~a fully ~nd completely u if ~II of th~ said wms of momy vwr~ aiplndly stipvl~ted
ro bs paid on svch day. anythioy in sald promiswry noro w in this Mort9~ye to ~M contruy eotwithstu~dinp~ and thuwpon or tlw~afi~? at th~
•aid MORTGAGEE. without notic~ or dem~nd, wit at law or in puity, ths~afon w N~ereafter bpw4 m+y b~ prwK~A~d a H all aWion of
~c rno~y~ ncwed Mr~by
Md m~Ax~d prior to in i~ttrtution.
7. Tha~ tn ~M ewn~ rhat rhe be9i~i~ of o. s~ any time peadiny any wit vpon this Mo~tp~p~, pr fo foncio~ h, a tp nfpyp {6 pr tp u~forp
P+Yment of +ny d+ims he.e~ndN. said MORTGAGEE shall ~pply ro the Co~rt havin9 jwisdiction thereof fw th~ appointm~nt of. t R~oNwr, wcb Cowt ~hall
Forthwith appoint ~.eceiver of sakl mortpayed prqxny ~II erxl sinp~la~, lndudnq a0 ~nd sinpular th~ i~cort~ pro(its, btws and nvee~w~ from wlut~vN
wora duived. ~ach ~nd tvery of which, it bein~ expreuly undcrstood, is heteby morrgaged as if Iqcificdy aet forM ~ d~scribsd h th~ pnntinp and
h+b~ndinn clausa hsreof, a~d such Receiv~r sMll have ~II the brosd and effective funct~ons snd powen io anywis~ ~ntrust~d by ~ Court tp ~ Reoeiwr. a~+d
•uch ~ppointmeM shall bs made by wd? Court at an admitted eq~rity ~nd a m+tta of absdute right to ~id MORTGAGEE, ~i~d withoul nfaenot to th~
adequacp a Inadeqvacy oi ths value of the propsrty mortpap~d or to the wtvency or insolYency of said MORTGAGOR a tM d~feodants, ud th~t svch
rann, profits. income. iss~es and rewmies ~II bs ~pplied by such Receiver ~ccwdinp to ths li~n a puity of said MORTGAGEE and th~ p~actia o1 wch
Court.
8. To duly. promp~ly a~d fu~ly pe?form, discharge, exacute. effect, eor~kte, complY witb ~nd ~Wd~ by ~ach and ~wry th~ stipvlationt„ aprMments,
ca+ditans and covenants in sa,d promissory not: and this rr?orryaQ~ stt fath.
9. That in tF?s went tl+e ownenhip of the mort9+9~d Prem~ses. w any, part tMreof, bscoma wst~ in a penon otM~ fhan fh~ Al10RTGAGOR, tIN
MORTGAGEE, its wcccuws uid suigru; may, witFa~t notice to the MORTGAOR, deal with ivch woastw or. avaeuw in intuttt with nfera~ fo this
mongape and tFN dsbt he.eby seaxed in tIK w+K m~nner ~s with Mo.qago. witlw~t •in u~y wsr vklstNg a? di~tlwpinp fh~ Mort~+pors' ti~bility Iwrr
under w upon the debt hu~by securqd. No a~l~ o# thp~.premises hereby mort9aped aed ep fabtatano~ on tht paM of the MORTGAGEE a iq waeawn
or auig~ and no exte~sion of tt?e time fo? the psyment of the debt hereby secwed given by tlr MORTGAGEE or its s~rca~sson or astgeq, shdl opKat~ t
ro relc+se, disch+r~e, modiiy ch~ng~ c? ~ffett ths origipsl liabiliry-of ~he MORTGAGOR herein, eitMr in whoN or in put. {
E
10. h is spedficslly agr~ed th~t tim~ is of ~he essenca of thls ~rontr~d uid that no vvsivK of any obllpat'an Mreunder w of th~ obliyation se-
ared hereby sMll ~t any time thereafter be I~eld to be a waiver of tAe terms hereof a of the irotrwneM secured Mrby,
11. In addition to the forego:rg mw~thly payments of priru'pal end interest required by the promissory note secured hereby, nwtty~gw town~Ms
and ~grees to pay fo mortgagee with euh monthly payrnent an additional sum est~mated by mortgayee fo be pwl to 1/12 of th~ snrwal cost of th~ fdlow-
ing: -
A-All real p?operty faxes kvied a sssessed a9ainst the above described real estate.
B-Premiums o~ fire and windstorm insurance as he~ein requ:red to be qrried on the~mprovements situate on ths above dewibed premisea.
C-Premiwos on xrch mort9+pe 9uaranry inswa~~ce as mwtga9ee•shall from time to time deem fit to tarry ott.th~ lo~ setw~d Mreby.
Mortg~ge~ ahall from time to time notify mortgagor in writ7rg of the amount due and pay~le hereunder and wch wm shall th~revpo~ be due and
payable on the due date of the ~+ext monthlY paYmeM and each svccessive month theroaher vntil mortpaye~ shsll nofify mortyapor of a tharg~ In wth
smo~rnt. Such sums shall be applied by mwtgagee toward the payment of real property taxes, insurants premi~nf, and mort~ape ~var~ntp intv?a+~
, Promiums- -
IN WITNE55 WHEREOF, the said MORTGAGOR has hereuMO sN his hsnd and seal tfis day and ye~r firsf ~forewid.
Sipned, S~aled ~nd deliwred in 1M p?esence of: . f_' ~ ~ -
I' ~ WC~~ ~
s
; .
M W w ~
~ ~ n
~
~ ~ Lois M. ainwria~bt ~
STATE OF fLORIDA ~ '
St. Lucie
counmr oF
~fore m~ personsly aPPeued JaCk M. Wainwriaht ~
Loia M. Wainwright ~y. w~{~, w r,n~~ k,wwn .,,a known eo w b.
tlu indivdwb dewibed in ~nd who execvted the fors9oinp instrument, and acknowledped befot~ nw th~t Nry ~uaibd tM sarrw far th~ purpos~a .
~?~e?an .xp.es.ea. a~a rt,e sa:a I.~is M Wainwri4hht
wN. of ri~s ..id - Jack M. Wainwr ight ~ .~+vp~ •~n. and pAva.
~ ex+min~tion by me taken sepsrete and spart from her s~id husband, acknowl~dged to and befon en~ tMt shs execvt~d ~id imtrurnem ha~l aid wi~x~-
tarily and withow u~y compulsion, constra3nt. +ppreheruiQn, or (*ar ef or from t?tr said lwsband,
WITNE55 my hsnd a~d offici~l seal this d,y a# August A. u. t9 75
.
Noury Publk in md for tM Stat~ N Larp~
~ Retwn To ' MY Gonrnw~on ~xpup. • • ~ ~
Piat Fsders) Savir~gs 3 Losn Associstion ~e t
!
x Of Fort Pferca G~~, _.~::~~~"~~:i?~~~ ~ ~
~ Fai Pierce, flo~ida f .`~1E ~~~~As ~ ~ ~~`~!,1,•~•~y 31/,~~'4~ - ~ ;
, ~ ~ A • b
a k~~ `,;..t,v~j : . ,r
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' ~a~vt~.<<!~~'''~~ - • *11'8Rd : 's_ -
- = : =
15 '~~~A~~ ~
This Instrument Prepared BY RQbert A. Swisher Jz. `3 OS~~ •
First FederaE Savings ~ Loan Association ~ y~ ` ~ . . ~ ~ ' : ~ . .
-of Fort Piertg F1oYida 33450 ~ti?ti~~~:~1;Y10~~
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