HomeMy WebLinkAbout0852 To t!~^e ~~w~..e.,~r k..f. ow .1+. 6uiMinos now a Mr~~hv ~in?~a on ~aid land and on ~11 pulpm~M M+d p~son+IN oow?~d b~? ~s narq~ ~
p~,, vrith dl pr~miunia lhaeon paid in fu16 fih intw~nc~ in tM uswl uu~dard policy forn~. In • w~? aPP~~ pl? tM Mt~II~GI?ibtf. a+d winw~aia
kwxa?c~ h tM wwi ~ianda.d po1~cY fam. b a awn ~pprowd by th~ MORitTAGEE. In wch ta~P~^Y a oo~p~n~ M tM MORTGA<3EE nwy r"
dindt ~nd ~11 fk~ and wAd~ann Inwr~na pdicws on a+y of aW b~Winp~„ ~ inarat tlwnin w p~rt tMnof. In tM pp~paN ~wn ~faaNd at
aw
In uau ~Mrwf. ~MII oontaM tM uswl s~~~dard mor~py» clws~ a wd~ ahw claw~ a 1h~ MaqpM my? n4~?ir~. w~k~q tM los wwla s~id po14
dM. ~sCh and wM?. WYabf~ 10 sud MORTGAGEE ~f iM inMhal m~Y ~PP~+~. and wth w~d wMy tucA PoticY ~MII b~ promprh ~'qn~e) and d~4iwnd 10
any h~id by ~id MORTGAGEE ~s fvrtha ~cvrity ro ~aid ma~paq~ debt, +od. not I~ss tMn tM l10) d~1rs tn +dvana of th~ ~xpM~tbn of ~ach policr. to dr
Ilwr b uid MORTGI?GEE • r«+swsl ti+Keof, topttMr witA • r~ceipt iw tM pwaium of wch ~~walj and th~ ~hall b~ no fin w wir~tonn inwr~+c~
plaad on any of aid b~tldlrq~, ~ny tmaht tiwr~~n a part tM.aot. unbu io ~M form and with ~M loss WYabb as ~ions+Ml~ and in tM ~wnt wh? wm .
~,~»y ~n,p p~r~p1~ ~nd~ wd, pclky or pol;ci~ ~aid MORTGAGEE sh+ll Mw NN option ro nwiw u~d ~pply th~ ~w on +coown of tM M~d~bt~
PO
nw s~prr~d Innby or fo pKmit saW MORTGAGORS to no~iw and uw it w ~ny p+rf Msrwf fw aha pwpos~s. without ~M.•b,r waiv'wg a knai~~"
hq anY puity~ IINI Ot ti~ht W~/ O~ ~y vutW Ot 1~?it mOrip~pel M~ in iM ~v~ni Nid ~MORTGAGOitS i!?stt fat sny raason fsl! to k*sp tl+~ s~id pneoise+ so
~w..d. o? f•n w d.rwr w«nMh .~y of NW pOIiCiN OF ~r?w.•~a a Nw ~~orttc~?c~. a r.~~ ao~~M wr ~+~N «~r w•~+ ~r?.~•ta a~.~+y t,. .
~upat fatl ro pK~o.m, d~scMr~. ~xecvr~ ~ff~ct. compl~t~, comPb wi~h and ~bid~ by thb aov~e+M, a anY P+rt Mr.of, uid MORTGAGEE m~y plaa and
WY fa wch inwrana or a~y put theraof without w~lvinp a~ffectinp +nl? oP~ion, H~n, puity, a ripht ur~ a by vGtw of this Matp~. and tir
iuFl amoun~ oi ~ad~ ~nd ~vay such p+ymMt sh~ll be ~~+h~r dw .nd wy.t~. .~+d •hau bea. t~t.r.s~ 6on+ ~h. d.h th...of uortl P.~d ~t th~ rat~ oi .
n;r,~ pu pnt~m pN annum .r~d to~tMer wiiA such inr•res~ thall bt ~ecvrod by th~ li~n of this mat~ap~.
~1. To pKmit, oom~dt or suffa oo wute. Lepium~nt or d~t~?ioratioo of wid propMy w ahl par~ d~wf.
S. To p~y all ~nd si~qula ~M cos~s. dwry~s and ~xp~nse~, ind~+dinp a nasorwbN +t~wi»Y~~ fM M+d aostt of abstwd~ of Nti~. MKwred w p~id N
~e~y tirn~ by s~W MORTGAGEE, bsca~rs~ ot b tM ~ve~t ol tFw iaihrn o~ th~ pu1 of 1M wid MORTGAGOR b duly. promptly +nd f~IM Pwionw d~?
~xacvt~. tff~ct. completa con+Ph w~~h and abid~ by ~ach and every the ~t~pul~~~o~q„ pr~am~nn. oonditiorr. and oowrnnn of Nid promiswry ~+ed ~ha
++wrtp+p~ +m? w a~har. ~nd sa~d ~osti. dwp~s ~nd expuws, e~ch and way. shall b~ tmmadia»ly dw ~+d WYabl~s wMtMr a nat tMr~ b~ notia dr
m~nd, ut~mpt ro colkd w wit pendinpj and•tM full amovnt of ead~ u~d sv~ry wch P+Ym~e~~ sA+ll b~ar int~nst kae tl?~ daN tMreof vmil p~W ~t fM
rate of nint pu ce~twn pa anrwe+r +~d all said owa. charpes ~ed ~xpenses incwnd o~ paid. ~op~tM~ with wch inten~t. ~11 b~ nau~d by ~tlr IMn of thi~
narq+~•
6, iMt (aJ N~ tM wMt of any breach of this Mwtyag~ « defaul~ on t!r pan of th~ MORTGAGOR, a(b) M+ Nw w~M ~nl? of ~+~d tu~ of nw~y
harain ref~rr~d to b~ oot p~omptly ~nd fully p~id wiihin thirty CSO) d~ys next after tl+~ s+m~ sever~lly betan~ dw ud plY+W~. withovt d~m~nd or notia.
w id in tiN ~v~nt ~+d~ and tvay th+ stipusatiaru„ apraemanss. candisians s:+d caYensnts of uid Fcomksflry note and tlNS Tor1Qp~ +rry a~itl+ir an no1
iuly, ptomptly snd fully pNfwrtNd, d~scMrped, eaetuad. ~ffMed. comPl~ted, comP~~d with ~nd abid~d d~l. tMn M? ~i1hN or M~y sutfi fwnt tlw Nid a¢
pr~yab wm mentionec! ln said promissory note the~ ~amaininp uopsid, with inter~st ~cvwd, ~nd ~II mo~eys Mcund Mr~by, shall b~oomt dw and pap
•bl~ forthwith, or ther~she~, at ~he option of said MORTGAGEE, u f~tly and canpl~tely as if ~II of tM said ~w~a of momy w~n wqin~lly u'~pvlated
ro b~ paid on such dsY, anYthinp in said promissory noM w in tFin Mwps~e ro ~he oontrary nonr+itl?iuodinp: ~nd thK~upa~ or thKtaRK ~t tht op~ion of
s~id MORTGAGEE. witFww oaic~ or dern+nd. wit at law or in squiry, tF~e.don or tiwnaft~r bapu~, m+r b~ Prw~a+hd as If dl n~omy~ s~an~d MnbY
had mahNed pr~ior ro its i+utitution. ~ -
7. That in 1M ~ven1 th~t ~t the beyinniny of or ~t ~ny ~irn~ pendinp ~ny wit upoo this Mwqa~, a fo faaloN 11. or b rtfo~ N, w to ~niwp
WY~~ of ~nr daims Mrew+dx..s~id MORTGAGEE sMll apply to the CouA havi~ jurisdidion thenOf for th~ ippdintnwnt of a R~oeivM. auth Cowt shal)
forthwith appoh+t a receiver of said mortysqnd property aU ~nd sinpvlar, fncludu~g all a+d sit~pular tM inoon~e, piofin„ Iawelt a~d rwsr~ws fran wA~t~vK
toutp derived. ~sth ~nd tvery oi whith. it beinp tnp?estly w~derstood. is hereby mortgaped q if spetifially tN forth and d~wibed in th~ yru?tinp and
hap~+dwn cl~wes hereo#. u~d wch Receiver sh+lt I~w all d+e b~o~d and effactiw funcr~aa and povvers in anywiie entn~st~d by a Courf to a Rsaiva. and
wch appointm~M shall be m~de by such Court u u+ ~dmitted eqvity ~nd a m+~ter of ~bsolute ~gh~ ro said MORIGAGEE. ~nd without r~(ennte w tM
~dequaty or in~deqwcy of th~ v~lw of the property matgaqed w to the solvency w inso~vencY of uid MORTGAGOR or tht d~f~ndants, and tMt wch
rentt„ profiri, incane, iuws and revenws ~11 bs appli~d by wd+ Reoeivcr accord~rp w ~M lisn or aqviry of uid MORTGAGEE and th~ practic~ of wch
Coutf.
8. To duly, promptty and fully pKforn~, dixhsrg~, execute, effed, oomplete, comply w~th ~nd ~bid~ by ~ad+ a~d w~ry tM stipulatioos„ ~ynar~nts.
conditqns ~nd aovenann in said promissory note and this mortpags set forth.
9. Tha~ in ths evem the ownership of the mort9aqed Premises, a any part theraof, becomes vast~d in • p~rron otl~ than th~ MORTGAGOR. th~ .
MORTGAGEE, its wcreuas and sssi~ris, may, without rwtice ro the MORTGAOR, deal with :vch waessor w wuessor M intaest with ref~r~na fo this
mor~p~ye aod the d~bt harebr secw~d in ths sam~ nMnns? as wuh Nbt~p+~w witlwu~ any way vitiatag a d~sclwry'~rg tlr Mwr~apor~' WMliry Iw?
under a upon the debt hereby ~wed. ' yo s+k of rhe pr~mise~ hcrsby mortpaped and ra fwb.W,ana- on_ ~h~ p~rt of tM MORTGAGEE or its wa~s+on
a ~ssiyia and no exlsnsan of the M+ni iw tFia psymenf of tAe deL~ hereby seevred piwn bY ?Ik MORTCsAGEE or its woasuxs a assipr?s, ahall opaat~
ro rel~as~, d~sdury~, rta~fr dwge « affecl tM orip'mal li~b~lit~r of th~ Al10RT(3AC30R Iw~in. ~i1M?• itE=whol~ 'or h part.
lo. h h~frcsur sps~.d rhat, rtms h of -tM esse~u of rhq oo~u~aa and fhat no watwr of an~r obrgnan hueunder or of tM obliparton s.-
cured haeby sh+ll at sny time ti~er~ter 6e hsld lo be a w~iver of the tsrms herwE a of the iostrument acund herby.
11. In add;tio~ to the forego:ng monthfY payments of prin~ pal and iMertst required by ti+e promissay noN secured hereby, maty~o? cown~nb i
snd agrees to p~y to mortgagee with each ~nw„hly payreeot an ~id~iwnal san estimated by mortyagea to be eqwl ro 1/12 of the sruw~l cost of tM follow-
ing: ,
A-/UI real property taxes kvied o. assessed against tF~c above described ~e~l rsat~. ~
B-Premiums on iire and windstorm ir?surar.ce as here~n requ~red to be carried on the improvemenh situate a? the ~bove dtxribed premisq.
C-Premiums on wch mortysge 9wranty inswance ss morigagce shall from t~me to time deem Pd b t~try on the lwn aecured Mreby.
Mortg~gs~ shall hom time to time noiifY m«tgsgor ~ wrifing of fhe amo~mt due snd parsbk hereu~der md sixf~ wm ahall M~awport 6s dw and
payable oo tha dve date of the next monthfy payment and each successive manth there+fier vnHl matys~e~ shal) ndtify mortpspor of a charg~ ie auch
amount. Such sums shall be applied by mortgagee toward the payment of real property taxes, Iroursnte premivmi, and mottyape ~wraMy intwante
I premiurtn, • .
IN WITNESS WHEREOf, the said MORTGAGOR has he?eunto set his hand and se+l the day and yesr f6st ~for~sald.
{
i Siyned, Se+ld and delivtrcd in the p?esenoe of:
E ~
~ ' - i ~
~
Ca?YO . Kraahout ,s..~
STATE Of ftORIDA ~ ,
St . I.ucie
courm oF
~f~ ~ ~,«„uY AY ie J. Kxo~hout .~d
C8?YOl J. K1'C~holit his wif~, to m~ welt known •nd known ro nw w b~
the Ind'~ridwb dswibed in and wFa executed tM fore~oirg instrwrwnt, and~ acknowledpad b~fa~ m~ th~t they a~nwt~d the sam~ for th~ purpw~s
~hereb~ •xp?essad. ~?nd rh. s+i' CaYOl J Kra~hoLt
wite of tM wid ~if J. Kro~hout
exsrnin~tion by me »ken separate and •Pan from 1~er said husbsnd. +ckrwwledged ro ~nd befon m~ that ahs ~xecvtad aid itutnrmant fMir and volwa
rarilr and without any compulsion, corntraint, -spprelxosan, a fear of w fmm h~ said hvsband.
.
WITNESS my hsnd and oFfitial seal th~ q~tlS.~- day of ~pt@~@! A. D. 19 75
Notuy Publk In ~nd fa StaN of Fbrida at L,Kp~
My Commission expire~: . • ~ 7`
Re?urn Tw ~
~ fint Federal Savings 3 loan Assotiatiw? ,
~c `
Of Fori Pierce. ~ ' : ~
Fort P~u. FI«~da f `EO `ouM~ »t'~~r~y'',
rj~.luC1L? i JRR~
~pt ~ ;
This Instrument Rrepared By Donald B. Hugh~s C~ER
YC~}f,EO'~~ ~~\~8.~
4:ts - s
First Federa) Snvings b loan A ssociation a f
COA~ t ~~,;~g~ L!
y
1"1s'.';:' =
• of fo~t Pierce ~ ttlo=ida 33450 . ~ ~S~ : • ~i'
~ `~1~905 : - :.::~~a d q
Checked By ~ -•'~~~;x.~~, ' • p ,
~ ~
0 R Q "r''~`.~~',~~~~~'~`t~~.,
gOC~243 PAGE V(~ . "~+t~.1',s.•r'
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