HomeMy WebLinkAbout0416 To plac~ and ca+timio~aly keep on tM bvildinps now or her~ahe~ atv~N a+ wid ttad and an all ~qulpnwm a~d p~nonally aovN~d by thk na?p~
p~. with ~tl pr~niwm ~Mrwn pa~d in bll, An inswu~c~ in rM uw+l ~a~dud VdKI? fam. In a wm ~pprowd b~? th~ MORTGAGEE. ~nd windt~am
M~wana (n tM vaval s~anda.d policy fam, M a wm app~owd by M» MORTa11GEE, M wd~ aoiry~~ny a oanp~niM a tM MORTGAGEE n~l
dlncy and all fin a?d w~wnw dawana polk~ on s~+y of sald build~, ~nr ira~rut tM.~in a psrt lh~rwf. In ~M app.p~b wn~ afa~a~id a-.•'
In tscNS tl~wt. ~hall aont~in tIN vwal ~t~ndWd mar~pap» cian~ a wch ahw daw~ a tM Mo.qapM maY npvuR nwkN~p ~M 1ou wwlM aid poN~
cia. ~ath and wsry. WY~b1~ to s~id MORTG/1GEE ai ib intK~st msy ~pp~r. ~nd ~scfi and ~w+y wch palicY ihalt b~ Pt~Pf~V ais:~twd ar+d diG+snd to
~ny MW br sak! MORTGAGEE ~s fwthsr sarK;ty to s~3d ma~yp~ d~W. ~nJ, no1 I~s~ th~n Nn l10) d~y~ in ~dvu~o~ o~ th~ ~xpk~tion of Ncl? pdky. W d~-
tNM ro wW MORTGAGEE •~~ewal ~Mnof, Mp~~hM wlth a nulpt fw tM pnmiwn of wd~ rtn~wal~ ~nd ~h~n ~MII b~ no fin a wied~twm Gauranc~ .
P~aad on ~ny of sald M?~d'u+ps, any tote~nt ther~in w put tMr~of, w+f~~ in d+~ Mn+~ and wNh th~ loss pay~ble a a(or~idi and In the ~wM any swn
01 nwn~y baaMa parabN wxbr wch polky w polici~s said MORTGAGEE ih+ll h~w ~M option ro npiw ~nd ~pply tM s~ene on aaou+?t of tFN M~bt~ .-,e~
Mss »cw~d Mnby or a p~rmit satd MORTGAGORS ro~iw and us~ it or u~y parf tM~wf !a otha pwposN„ wi~how thK~b~ waivi~q a imp~ia "
inp ~ny pvi~y. Ikn a ri~F?t vnde. a by vktw of ~his mort~~t and in tM ~we~t w;d MORTG/1GOR5 ~1++11 for ~ny rason f~il ro kNp tlw s~W pnn+iwa a~
MNnd, a tatl b d~~ivu promptFy ~ny of saW polici~s of inswanc~ to s~id MpRTGJ1GEE. a bil promptly b pay fuU~r any pr~miwn th~for or fn anp
nip~ct f~il to pMfw~, disclwr~~ ~XKVIf. ~ffect, compMt~. oomP~Y with ~nd ~bid~ by thit oownant, a any paA M~wf, ~aW MORTCsAC.EE ~y plaa +nd -
P+Y fa sud+ ka~xano? w any part thereof without waivinp a ~H~ctinp +nY optia4 ~~4 puity, or riphl undK a by virtw of t!~ Mort~~p~, snd tht
full ~naw~t of ~ad~ and wKy wch paym~nt sh~ll b~ immadiately dw and pay~bl~ aod stwll beu int~rNt fran tM dat~ tMrwf uotll paid at tM at~ ol ~ {
nirw pa cantum par annum and toqe~her wUh wch intwest thall be ~ecur~d by fh~ li~n of tha mortp+p~. t
1. To p~rmit, oommH or wffer ~o wuf~, tenp~irment w dNeRoration of ~aid propKry a My pul tMreof.
S. To p~y ~II ~nd tinputar tl+~ costs. cha+9a ~d ~xpKws. tndudinp a naon~bb atiwM~s h~ and co~ts of ~btncb of titb, M~cvrr~d a~ pa4 a
~~+N t4n~ by said MQRTGAGEE, b~cwf~ w in th~ wMt of IM f~ilun on tM pat of tM wid MORTGAGOR b dul~l, prompNy and fully p~rfontl, d'qdwp~
•xecvte. ~ffsct~ oompl~t~. oomph with and abtde by ~ach and w~ry rM stipvta~~ona, apreams~n„ coedi~io~a. u+d cown~nn of s~d pranisso~r ewh and ~hb
an~r w~itlw~, u~d aid costs. d++r~ss and ~xp~nw~, s+ch and ~wry. ~1+~11 b~ knm~diatsly dw ~nd paysbhf wM~Fw~ w ~ot tMn M notiot dr
m~n ~tqmpt to coll~ct a wit pMdi~ and ~Iw fvtl amount of each and ~w.y wch paym.m sh.11 b.ar tn~ fran r1» dan. ~in..of vntil p~id st tM
rate of nin~ per c~ntum p~r ~nawA; and aIl said oos», chu~s aod sxpa+se~ a~cwr~d or paid, top~th~? with wch intKaL shail b~ Mau~d br tM li~n of thit
mortpayi. ' _
6. ~t (a) in thi ~4wit of any breach of lhis 1Mortya~e or defavlt on th~ part of ths MORTGAGOR, u(b) M the ~wnt any of taid wnr of mo+wy
her~in nf~rnd ro t» not promptly ~nd fuly paid within th;rty (30) days next after tfr sam~ s~ver~lly b~coem dw ~nd pay~bb. without d~ma~?d or rqtiq,
w(t~ h rF~ w~nt ~ad? and wery ~F~ stipulario~u +yr~a~. conditiaa and cov~nrs of said proinksory +at~ u~d thii morqp~ any o? ~itlw ~n no1
iuN. Wom~H~ and fu11Y P~rform~cl. dach~.psd. ~x~cut~d, ~ff~cnd. oomplet~d. complwd with and ~bided by. tMn in atMt.a a~:sych rwm tM aaid ~
yray~fe sum rt~enYaned in s~id pran'wory note then remai~?inp u~id, wiM imer~st acuwd, and all marya sKUnd her~y. ~hall b~co~n~ dw and p~y~
~bb forthwith, a theresfter, at tl+~ option ot said MORTGAGEE. ~s tvlly and compkt~y ~s N all of tM ~aid swm oF mon~y w~n apa~ally atipulaMd
to be paid ao such day. a~ythirg in sa3d promiuay no» w in tl~is Map~ to ~h~ contrary notwiths~~+dinp: and thaeupon w tMrs~hK ~t tM op~an of
s~id MORTGAGEE, without not~ o~ demand, wit at lsw a in sq~rity. ther~fon o~ thaea(ter b~pun, may b~ pros~cvt~d a~ 1f a!1 moMys ~cund lw~by
h+d m~tw~d ~wr to itf instifufion.
7. Th~t in the tveni that ar ih~ beyinnu~p of a at any time p~ndinp ~enr wir ~pon this Mwt~ap~ or b foneio~e h, ot fo nform N, w fo ~nfap
paYn~t of any daims he.wnder, said MORTGAGEE sMll ~ply to tF~e Cowt luvirg jwisdiction thereof fw th~ appointmMt of ~ R~c~hrer. wd~ Cairt ~Mll
forthwith ~ppoint a receiv~r of said mwtpaged property ~II and si~gulu. H+cludN+g alt ~nd sinyvlu tM inoon~ profiy, ittws ~nd r~verwp f~ww whNwK
•ouru dsriwd sach a~d ~very of wh~cl~, it beinp expreuly w~derstood. p her~b~r mortgaged u if sp~cifiully ~et forth and dMCriMd h th~ prantap and
habendwn dau~ heroof, u~d such Reniver shall haw ~II the bwd and eff~ctiw funct~ons u~d powsn tn snywi~ Mtruu~d by ~ Cowt to ~ R~atvp, and
wch appo(ntment thsll be msde by wch Cowt u~n admitred eq~ity ~nd ~ m~tter of absolute rght to s~id MORTGAGEE, a+d without ~~ferMn eo th~
~deq~acy a inadequacy of the v~lue of the property morty~ged or ro th~ solvency w inaolvency of said MpRTGAGOR or tM d~fand~nri, ~nd ihat such
re.~ts, profi», income, iuues and revenws shall be applied by svch Rsceiver accordinp to tM li~n w equity of s~id MORTGAGEE and tM pactiq of wch ~
CouA.
8. To dvly, promptly and fully p~tfonry disciwr~e. execWe, effsq. oompltt~, oo~plY with and abid~ b~/ e~ch and ewry th~ stiputations, apt~ts,
ca~dAions and oovenants in said promisswy no~s and this mortgage sef' fatb.
9. Tfut in the evem the ownersfiip of d+e ^wrt9+yed Premises, or ~p put t}~eof beaornas v~atd ~ei` a p~non other tlwn th~ INqtTGAGOR, th~
MORTGAGEE, hs suc~nssors and sss;pia. .m~y, wi~Aour oo~iw to shs MpRTGAOR d~al wi~h wd~ suow~ot or wocessor ln ;ntersst with r~fer~e to ti~
maty~ and tFa debt hereby seaered in tM s~ms rrNmw as with Mort~a witM~rt . in any w~y vitiatirg or diK~+rpirg fM Mortp+Dor+~ Uability Iwr?
urKkr a upon the debt hsnby secwed. No ssle of thi~ preen'~ses hereby monpaped and ra forbearano~ on thi p~rt of the MORTGAGEE or in woosawn
a aasiy~n ~nd no e~c~?sion of tFw tutne tar the p+ye~nt" of tM dsbt her~by ~tEvr~d ~lw~ by th~ MORTCsAGEE or its sucoasors a usiprn, aMll operat~
ro rekass, diuFwrp~, modifp ch+nge or affe~t th~ oripinal liability of the MOATGAGOR her~iq,; tither in. whol~ or in part.
10. It h specifically ~greed that time iz of the essence of ~his contrsct and that no w~iver of any obliy~tion haew~der q of th~ obligation st •
cured harebr sMll at ~ny time tlxreafter be held to be s waiver of the tcrrm hereof a of the i~»trwnent aetvred herby.
11. In add'nion to the forego:ng monthlY paYments of princ'pal snd intereft required by the p~omissory rqle sKUred hsreby, mortg~yor oov~nq
and agrees to pay to mortgagee with esch monthty payment an ~dditional sum estimated by mwtgaS~ee to b~ eqwl to 1/12 of tfie snnwl tost of the follow-
in9:
l1-All ~e~l PropertY taxss levied or assessed against the abovt desuibed r~al estate. • . .
~ d-Premiwm on fire snd windstorm insurance as herein reqv~red to be csrried on the improvements situate on the ~bove destribed premites.~
C-Premiums on such mo~tgaye guaranry insurance as mwtgayee sh~ll irom time to time dee~ fit to cury, on th~ {q~n sscut4d heteby,
Mortgsgee shall from time to time notify mortgsgor in wrNing of the smovnt dus'and psyable herwnder and suth wm sMll N~ereupon b~ d~e ~nd
, paYable on the due date of the next monthlY paYme~t snd each s~aessive mw~th thereafter until mortyay~e shali notify mort9~por of a chanp~ in auch
amount. Sucl~ sums shall be ~pplied by mortyagee toward the payment of re~l property taze~, inswante prem:ums, and mortpa~ ~uar~nly inwrance
Premium~• .
IN WITNESS WHEREOF, the said MORTGAGOR has herevnto set his hand and seal tbe day and year first ~faes~id.
Siyned, Sealed and deliwred i~ tM praence of~
~tEiQit
fltE! 1?N ^ • , ' ~
' St_~liC1E ..~~1 San-2eh - Liu s$ s gle a
j , ~ ~ ~ RUGf ~ Fu~tR~s ~ ~
M CLEFl~ C:~.Wtt COt1itT ~
R=C(:F ~ •t= ~+tflf0
Zj 3 z3 PN'~5 -
STA7E OF FLORID ~
courin oF St. Lucie
R,. P.~,o,,,u„ _ San-2eh Lin, a sin9le a?dult
~ J~+.-•to SQsv~~~ krwwn .oa wwwo w me a~b.
th~ individwl• described i~ and wfio executed tF~s fore~oirg instrwnant, arw! scknowiedyed b~fon m~ that ~21@ ~x~cuted tM sarew far th~ p~rpo~es
~ Mierein expressed. Aw/.~•MW
~ifr ~i.tlM. ~ '~~1~'~i~P?i~a1~
t,~s~iw~tw~?ir~w~.~hswa~pw.~~~wd•s~wl~f~w~~M~?wid~h~nl~ndrwis+swkdDed'1s ~he~etetet~eM7dlrslRAtwnl~My?a~d~dar
Jsriy r~i w~M~w+~~r. ~ow~i~~,.w,~stnsw~A+'pw~wwiww ~le~r ~i r fa~rlw~ wiriwiwwR~
WITNE55 my haod and official seal t~•:~ ~ 75~~ day of Au9lift ~ . A. D. .19 75
~ • Not~ry P~blic in ~ it~ of Fbrida at Lap~
~ Retur~ ta . . My Canrnis~3on tnpirp: , ~ o- 3 0• ~ 6
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£ Fust Federal Savinps 3 loan Association
!
~ Of fort Pierce.
~ Fort Pierce, Florida
~ ' `y~,~~i1t7~iy11!
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This Instrument Prepared By Robert A. SwisheY JY. % '~.b~~'~,
~ First Federol Savings 6 loan Association • ' : : ~ 1 a.~ . Z~
~ •of Fort Pierce , Blor ida 33450 - - - r . _ ~ -
~ ~ ~ ° 416 - ~ _ ~ _ .
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