HomeMy WebLinkAbout0860 To plaa ~nd continvovsly k~~p on the b~ildinp~ now o~ her.afr~. Ww•h on ~.td IMd ~~d on ~II pvip~+~.m «+d pwsona4ly wv..~d by N~i. e+o?q~ `
p~, with ~II ptM+iw?w tF~eon p~~d io fuli, f'u~ insur~nc~ in tM uswl uandud poltcy fam, in a fwn ~pprov~d b~? ~M MORiGAGEE. ~nd wie~ror~n 1
In~w~+ce M tM wwl sqndud poliq iam, M a sum approwd by 1FK MORTGAGEE, 4? tuch twnpanY a? ooenpani~ tM MORTW?~3EE nNy
dinc4 +nd ~il ffr~ a~d wind~wrm liuuaou policies on w+y of uid bufld~„ ~ny IeNrn~ tMnin a~ pwt tl~~of, in th~ ~pp.pa~~ ~wn ~fa~s+id or
in ~xaa ~Mrwf. ~Mil cont~in ~h~ uawl sandud ma~y+~ tiau~ a such ml+M daus~ a 1M Matop» nN1? ~puk~. ~kl^Y Mr low w~ uid Poli~
cN~, each ~nd ~v~ry. P+YaW~ ro~afd MOATGAGEF ~s in int•r~at ~wy aPP~+~r and ~acA and wery wch po~icll shall b~ prawpth Ms:9md ~nd d~liwr~d ~o ,
~nr h~W br Nld MORTGAGEE ~s twtMr ~ecvrity ~o said mony+~ d~bt, ud. not t~ tMn ~M (10) d+tn le +dvaoa of tM ~xpfr~tion of ~ach polky. ro d? ~
Ilw~ to ~aW MORTGAGEE • nnewal IMrw1, wp~~Mr wiih ~ rec~~pt fw tM pr~mium of wch ~~wdr aed tlwn ~hall b~ no firt w wi~~am inawana ~
plaad on any of said b~ildinps. ~ny ln~erat ~Mr~in or parr ~herwf, w?less in th~ fam ~nd with tM Iws p+yaW~ a ~iwaaid~ u~d in tFw ~wnt ~e~y win
of nioMy becpr~ pay~W~ ur~ such policy or polici~s said MORTGAGEE ~MII Mw ~h~ op~an W naiw and ~pply tM ~ a+ acoount of tM M+d~btd~
n~a s~cw~d Mr~by w b permit wid MORiGJ1GORS ro naeiw artd us~ h o? ~ny p~.t tlKraof fa othe~ pwpw~a, witlwut thKeb~ waivinp a ir+pah- ;
Inp anY puity, li~n a ~ipht un~r or by vUtu~ of lhis mort~apr, ~od i~ tM ~wnt uid INORTGAGORS ~h+ll fa u~y rsawn ftll fo kNp th~ ~aid pnrnis~s w.~
Inwrtd. a bIl b d~liw~ p~omptly ~ny of sald policies of inwr~no~ ro s~W MORTGAGEE, a f~il promptly w pay tvllr any prtmiwn tlwnfor or in ~n~r
r~sp~ct iatl b pNform, discM~~e. ~x~cva, ~ff~ct. compt~~~, tomplY with u~d ~bid~ by thi~ Covtnanf, or ~ny part M»of, iaid MORTGAGEE may pl~a and ~j?
paY fw wch Inwranc~ or ~ny p~~t tM~wf without waNinp a affectinp iny option, Il~n, puiry, a ri~h1 undN a by `vi~tw ol thh Mat9ap~. uid tM
ivll ~mou~~ of exh and ~wry wch payment ~hsll be immedlat~ly dw and payabl~ snd alall beu int~nst fran ~!w d~t~ tMnof wuil paid ~t tM r~h ol .
nk» pK antwn pK annum and toQether with such intete~t tMall be secvred by th~ lip~ of thit mat9ap~.
4. To permit, caemit or sufta no wast~. IlBpiifrt1f11t Ol ~1HiM~t10f1 Of fO1fI PfOPN1y 01 a11Y Pif1 1FNf~Of.
S. To piy dl ~nd sinpula th~ costs. d~upes aod ~xpNaes, k~dudiop a~~ason~bb ~ttorn~s fN and aost~ of abstr~cts of titl~, incurnd w p~W at
~ny tit?w by said MORTGAGEE, b~ta~se or in th~ twnt of th~ faihxs on tM paA of tM ufd MORTGAfsOR to duly. prompNp ~nd fu1N pKfonn, dittMr~
~xecvt~, ~ffad. oomplete. comply with and abid~ by ~ach and ewry ths itipul~~ions, ~preM~ents, ca+ditiona, ~nd aowr+anb of said pomiswry eW~ u+d rhit
^wrtp+y~ anY o~ ei~he~, and sa~d cwn. chuyes and ezpsns~s, each and ~wry, shall b~ lnwe~diattty dw aad payabl~t wMtha or not tMrt b~ eo~~oe dr .
mand, ~ttempf to coll~d or wif p~nding} and -tM full amount of sscb 'u~d wxy ~uch paymMt ah~t~ bw int~nst fran tlw dat~ tMrwf w~ttl p~td N th~
rat~ oi nins pK tsntwn per ~mum; aod all said tosn, thsr~ts and ~xpenses inturr~d a p~id, top~thtr with tuti~ int~t~s1. shr11 b~ ~~ax~d by th~ li~n of this
~
b. ihd In th~ ~wM of u?y breach of th4 NI«tyay~ or dsiavlt on tl,~ pan of tl+~ AhORTGAGOR, w(b) in th~ ~wnt ary/ of s+W suna of nwney
h~?ein nh?red w b~ oof p?ompHy ~nd fully paid withi~ thirty (30) days nex~ sf~a ~M sam~ seve~alty becam dw a~d pay~bb. without dM»nd o? notke.
w(cj in tM ~wnl e~cA ~nd ~w.y th~ stipulatioro, +9~~em~ofa„ aondifiau and covNann of utd promissory eot~ and this nw~tpay~ aM? w attMr sn nol
~?h. promptly and fulty pKform~d. dischar~ad. e:scuted, ~ffect~d, canpbt~d. tompli~d witA and abided by. thrn in ~i1Mr or any wth w~M tM uid a¢
pr~pat~ swn mentaned in said promissory ~oro then remainirg unpaid. with imaest atuued. snd sll maays t~t~red Mteby. ~p Mooent dw and p~y~
abl~ forthwith, or ther~sfter, ~t ~M option of said MORTGAGEE, as iully ud compl~tely as if dl of th~ said svms of mon~y wen aiQin~lly stip~{~ted
ro be pa~d on wd~ day, anythirg in sa~d p?om:uwy nots a in this Mortya9e fo tM conuary notwllhsNndinpj ~nd thtt~upa~ ot iM«~hK tM opfion of
aid NWRTGAGfE, withoet notic~ a d~mand, wit ~t law or in pvity. therefwe. or Ihereafter bepwy m~y b~ p~oNCUtd st ii all moewya wcw~d h~nby
had mituted priot io its iMtitution. . . -
7. That in tl» event that ~t ths begi~nt~y of w ~t .ny tirM pendi~p a~y wit upon ~Fus Mortp~. a to foncloM M, w fo roform H, a fo ~nf«a
payment of any d+ims hereunder, said MORTGAGEE shall apply to tM Coun Mvieq jwisdiction thereof 1w tFy ~ppointm~nl of ~ R~teivi~, wd~ Cowl sMll
forthwith appoief a nceiwr of said mortgayed prop~rty ~11 and strgulu, ir+clud~ng all ~nd wgul~r th~ inaom~, prpfita, law~s and r~w+~ws fran wMtwer
wwat d~rived, ead~ and ~very of wfiicF4, it be~np exprouy unde.stood, is hereby mor~ge9ed as if ~pacifically set forth and d~wibsd in ths pr~ntinp and
haband~rn dauses hKeof. ~nd wch Reuiver shall have sll the brwd ~nd effective funct~au ind powen in anywise entrwt~d bp a Cowt to • R~oeive~, ~+d f
such sppointrewM shall be m~ds by wch Court a~n admitted equity and a m+tte~ of absolu~e riyht w said MORTGAGEE, and without nferw~p fo th~
adeq~wty w in~deqwty of the wlue oi the properry mort~~ged or to the solvee~cy or insolventy of said MORTGAGOR w N+e defe~d~nM, ~nd lhat tucA
rents, profits, incoms, iuves and revenues sh~ll bs applied by s~ch Receiver accordirg to th~ lien or aqvity of ssid MORT('iAGEE and the pradfa of wch ~
Cowt.
8. To duly, promptly and fully perform, diic~?arpe, executs, effsq, tomplete, cort~plx with and abid~ by ~~nd wery th~ stipul~tio% ~pra~t~
conditioea and eovensnh in said promissory rwte and tha mortyspe sst forth.
9. That in the event ths ownenhip of the mortyaped premises, a ~ny pat thereof, becomes wsted in • pKwn otlwr th~n th~ MORTGAGOR, th~
MORTGAGEE, its succeaso~s and aulpn, may, ~witFauf notiu fo tlie MWtTCAOR, dwl._with. wxh suoc~o~-a wooasw in intfrest with refer~na to this
mo.tya~ and ~he debf hereby aecvred in the wee manner as wi~h lNorty~yo. withovt i~ any way vitiatinp a dis{~Mrpmp th~ Mort~apas' I~bility !r.?
unde? or upon the d~bt hereby secured. No sak of Ih~ premixs hereby mo.tys9ed and no forbeuanae on tlx pat of the MORTGAGEE or its wocesson
a assigro and no ext~nsion of tFK time for N+e parmtnt of ~he d~bt hsreby s~cwid ~iven by ti~ MOR?OAGEE w its wco~swn w wiyna, sh~tl opaat~
~o release, disch~rye. modifp ch,~npe or affect tF~e oripu~al lisbility of tFK MORTGAGOR Mre'u4, ~ither , tn ,whols or ln put. .
10..1t 1s specificslly agreed that time is of ths esxnce of this co~tract and that ~o wsiva~ of ~ny obtiqaYan haeunder a of th~ oblip~tion a~- i
cured Mreby shall at sny tima thereafter be held to be a waiver of the terms hereof or of th~ i~utrwnent secwed Mrby.
11. In addition to the iwego:ng nwnthly paymtnts of princ:pal and interesl required by tht prorti~ssory nW~ secvred hereby, mortgspor CpvenaMs
and igr~es to pay to mortgsgee with each monthiy payment an sddirionsl swn est~mated by mortya~ee to bt eqwl b 1/12 of tfie snnval tost of the follow-
ing:
A-All rea! property tax~s kvied or assesstd apainst tFK abovt desaibed real ~state. .
B-P~emiums on fire and wirdstorm insurance as ixre~n reqv~red to be tarried on tlx improvements sifuate o~ fFK ~bove desvibed premisp.
C-Premiums on wch mor~gage gusranty :nsurarce as mortgagee shall from time to time deem fN to fsrry on the bsn setwed hereby.
Mlatgsgee shall from time to time no?ify mo.igagor in vwiting of tfie ~mount du! and p:yab{~ i~eunder and wch wm sfiall therevpon be dui ~and
payable on the dve date of the next monthly payment and each successive momh thereafter until mwtpsyee sh~ll notify mortyayor of s cfiarge in wch
amount. Such sums shall' be applied by mortgagee toward the payment of real propertY tsxes, inswanoe prem:ums. and moriyaps 9uaranty i~aursnp
Premi~xro• •
I ITNESS WHfREOF, the iaid MORTGAGOR hss herevnto set his hand and se~l the day and fkst es~id.
.i nsd, I ed the presence of:
~ • ~~~~p B~_ r A O ai IiI ~
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v CQ F
E!T ~9~lRTC~ s O ot~ (s.a~
RE~ORt~ € , D,.,.~.~... M~lisf N. 18
STATE OF FLORIDA ~ =Q(~Q
~ couNn oF St. Lucie j~'`~~'v
° a,f«~ p.,,,,,,nY ,~.,.~a Chazles A. Olson I II ,~,d
~li~sa II. n18~*+ h~s wif~ to m~ w~ll known ud known w m~ to bi
the individwb dnvibed in ~nd who qxecuted the fweyoirg instnxt~ent, and scluwwted~ed befort ms that tMy ~x~arud the sarn~ for th~ pwpw~s
rr~~eu, .~~d. a,d ~ne ~~a Melissa M. Ols a~
wifs of th~ s~~d - CliaYles A. O1sCD III ~rpon s sep~nt~ and priv~
exsm~nanon br me taken ~eparat~ and apart from her said husband. ~dcrwrvledged ro~nd befon ms th~t aM euaeuted said irotrvm~nt fnely and vol~rn-
rar~ly and w~tho~t any compulsio~, constraint, apprehe~sion, w u of or from h~r ~sid 1wab~nd.
WITNESS my hsod u~d official seal thi d~y of AuQ~t , A. D. 19 75
. ka~ ~~-~cv
. Not,.,, v~rblic in .nd ro. of fb.ia. .t l.?p.
Retwn Ta. , Niy Commiasan txpires: . •
3•-76
~ Ftm F.a..d se~tngs a iw~, /?ssouat~on
~ Of Fwt Pierce. ,
~~e ~ti :1 ~~'H~ ~ H!/~/~
~ Fort Pierte. Florids
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This Instrument Prepared By Donald B. Hughes ~
First Federal Savings b loan Association °~y.•>~ ` ~ ~ ' -
• of Fo~t Pierce, Flor ida 33450 : S
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