HomeMy WebLinkAbout1063 To pl~c~ and comMwo~?sly knp on ~M buctd~nps oow w 1?~wsfta sitw» on ~aid land ~nd on ~11 pvipmem a+d pKSa++lly oove.~d by th4 narq~
p~, witl~ ~U pr~mwms thereon p~i~ In full, fi~~ kuvranc~ in 1M uw~l a~~dud pol~ty fonn, N• ~um ~pprowd by tM MORiGAGEE. and wind~lwm
ie+M+ana In tM uswl ua~xla.d pol~cy lann. in ~ sum ~pprov~d by tM MOItTf3J?GEE. M wch comP+^Y a+ ~P+^M~ a~ tM MORTGAGEE m~y .•.I~
dindi ~nd ~il fin ~nd winduorm tmwnnc~ potki~i on anY of aW buildinp~, ~ny inh~~N tha~in a pNt thKwf, fn tM ap~~Wq w~n aforaald or ~
M ~xau thir~of. sh~li con~ab+ tM ww1 p~ndard mort~apM cl~vs~ or such ai?M dww a th~ Mortp+pM m~y rp~i~ nwlM~p th~ lou undK aid poli~
cia. ~ach ~nd wwv. Wrabl~ a said MORTGAGEE as i~s ii+?erest may ~pp~ar. and ~azl? aod ~wry wch policl? ~hall b~ pranP~y u~:~ned ~nd dNiwnd w;._.
anr Mld by saW MORTGAGEE a~ iwtha iecu~ity ~o said ma~~ay~ dabt, snd, na las~ ~han hn (10) d~ys in adva~a oi tM ~xpk~tion of Ndt policy, ro d?'
tiwr ~o said MpkTGAGEE a nnew~l thKeof, top~~Fw~ with a r~ceipl fw tM p~anwm of wch ~seewd~ a~d ~iar~ aMll b~ no fir~ a windsta~n te?~w~nu _
plaad on any of said buiWinps. ~ny intaest ti+e~a~n w part tFwrwf, unless io ~M fonn ~nd with t1» Ioss paYabl~ a~ afor~Wr and 1n tM ~wM u~y wm '
d naewy b~oa~ parabN w~dN wd~ polky o~ policws s~id MORTGAGEE sMll Mw ~M option ro ncaiw and •pplr rM wn~ on ~aow+~ oI th~ G~d~bt~ ..,i
Mas Ncw~d Iw~by a w pamif said MORTGJIGORS ~o naiw and us~ N a any par~ ~h~r~of fw orhe. pwpoa~s, without ~h.nby waivinp a kr~p~ir
inp any pvity, li~n q riphl under or by v4tw of this mortpspet u+d in tht ~vtnt ~aid MORTGAGORS sMll fq aey rtason fail M kNp tM s~id prM~?isN w'Z'~'
insw~d, w(atl to d~livK promptly ~ny of said policies of iruurux~ to said MORTGAGEE. or isil promplly 1o p~y fvlly ~ny prrnium 1i+a~fp or M anr ~ P
r«p~ct fNl b pa(wm. d~xMrqe. ~xacut~. effM. complet~. complY with ~nd ~bid~ by this cov~nant, w~ny p~?t hKwf. s+td MORTGAGEE m+r pl~a ~nd
paY fo~ such h+swu+ct or iny W?t thHeef without w~ivinp w~ffectinp aoy option, li~n, puity, or ripht vndN p by virtw of tNs Mort9a~. and the '
fvll amo~nt of ~ach ~nd ~w.y wch payma?~ ih+ll be imn?ed'wtely dw and qyabl~ and al+all b~ar inttnst irom tM dat~ tM~wf until paid ~t th~ raq of
nin~ per c~ntum pq ~nnwn and topether with sucA intaest ilull bs securod by tM li~? of thh mortp+p~.
1. To pKmit, comndt o? wffa no wasts, impaumer?t or detsr'wr+tion of ~aid propKty or any psrt tMnof.
S. To psy all ~+d si~+p~rlu tM costs, ch+.p~a and expense~, kxludi~g a rw~ornbl~ ~twrewY's f.. .nd oosn of sbsn.cu of rttw. h+cwnd a p~id at
~ny tim~ by s~id MORTGAGEE, b~twse w in th~ ev~nt of tM failwe on 1h~ put oE tl+~ aid MORTGAGOR to dv1y. P.«~~N +~d t~+iN v«to.~n, d~scn+.y.~
~xecvtt, tff~N. oompltt~. canph with and ~b~de by sxh u~d every tM stipulations, y~ean~+ts. cooditioi» and oovenanls of s+id promiuuy not~ and this
mortY+p~ any or ~itF~. ~nd said cos~s. chary~s a~d eapenses. each ~~d ~very. sh+ll b~ trtunedi~tely dw and p~yabl~t wM~hsr or ~w th~r~ b~ notia d~
m~nd, ~tt~mpt ro oolkc~ w wit pendinqj and tM full er~w~nt.~! each snd wery such paym~nt shall b~a~ infK~st fran tM daq therwf u~til paM at th~
rat~ of rww pK centum per aruwm: ~nd all said oosM, ch~rqes and expenses intwnd a p~fd, top~tlw~ w~th wch intu~st. sFnll b~ s~cw~d by tM li~n of thw
mat~~. ~
6. That (a) in tM evMt of a~ry breach of ~hw Matpay~ w dafavlt on th~ put of t!n MORTGAGOR, w(b) in th~ ~wm any of s~id awm of moMy
hKein r~fpnd to b~ rw1 promptly s~ fully p~id within ~hi?ty (30) days next after ths s~rt~e sever~lly beconw dw and payab4. wl~hou~ dem~nd a notiu.
or (v in th~ ~wm each and ~very th~ stipu4rions, a~~ements, conditio~s snd wven+nn oi' sa~d promisswy not~ and tlas mo~qap+ any a Nthu an no1
iuly. promptly ~nd fvlly perform~d. d~sci++rqed, execvted, ~Nected, complN~d, oonipti~d with ~nd abided by, tMn hi ~itlwr ot ~ny wth ~wM tM s~id ap~
preyaN wm m~ntaned in said {uomissory aote then ranaini~+p unpaid. with inter~st acaued. and all moneys ~atvnd M«bY. ~h+ll b~tnrn~ dw and pay-
abl~ forthwith, a thereafte~, al tin option of uid MORTGAGEE, as fully ~nd completely ~s ii all of the said wms of morny wer~ aipin~lly stipulated
to be paid on s~cA day. any~hing in sa~d prom~uory no~e or in thh Mat9age ro tM to~tr~ry nolwithstandirg: and tl~ereupon o~ thereah~r ~t tM option of
aid MORTGAGEE, witFavt notic~ or dwnand. wit at law w k~ pvity, therefon or thercafte+ be~un, may b~ pros~cuted u H alt eaneys s~cvnd lw~by
had matured priol to iq irutitution. •
7. lhat in th~ event that at 1he bsyinnmg of w ~t any tia~s p~nd~ng ~ny wit upon thzs Mqrt9pe, or ro fbr~closs B, or to nfonn H, or to mfwu
p~yment of ~ny daims hneunder. ~aid MORTGAGEE shatl ~pply to the Court luvirg jurisdiction therwf fa the ~ppointment d a R~ceivN, such Coutt ~MII
fwthwith ~ppoint a receiver of said mortpaped praperty all ~nd sinQul~?. inct~np ol +nd sinput~ fM Inoonw~ ~ofit~. iaws and rwe~ws fran wMtwN
w~rce dtrived, exh and every of which, it beirg ~xpreu~r vndersrood, is hereby mwtyaped ~ if ~cifiutly set Mrth and d~suib~d in tM qrantirq ind
hsbsndw~ davses hercot, and such Recehrer sl+sll Mve ~II the broad snd effectiw funct~ais and povrers in ~nywis~ ui~truusd by a Court fo a R~oeiw~. and
- :k .,s.~ .k:es s,F s~ :.::h t.-_ rs si ~r. c.ii~c.s3 - z:OS: ~.-•sI - :.a!!Ft asf a~-.a4~ s~l:! !a srL+ M.~J4TQt~'-~. ~ rei!!s~! trfe.~~ !a !!r
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~dequ~cy a in~deqwcy of tl~e vslve of the property mort~a~ed o~•to the wwencY or inwlvancy of s~id.MORTGJ?GOR .or th~ d~fa~dMn. and th~t wch
renr~, pro(in, income, iuuss and nvenues sh+ll be +pplied by wch Receiver ~ccordinp ro ths tien or pvlry of s~id MORTGAGEE and tM pradic~ of wch
Court. ' •
8. To dvly, pranptly +nd fully perform, dixharge, cx~cute, effect, comple~e, oomply with ~nd abid~ by sach and w~y tM ~tipulNiom„ apnem~nri,~
cord'itions ~nd covenama ~n said promiuory note and th~s mortQage set fath.
9. That in the event the owncnhip of the matgayed premises, w any psrl thereof, becomes vested in a pKaon other fh~n ths MORTCsAGOR, th~
MORTGAGEE. its successwa snd auiyns. may, without no~ica. to iMe MORTGAOR, deal with ~uch wccessor or successor in inte~est with ~fsr~nn to this
mo?t9pe and the dcbt herQby secured in the same manner u with Mwty~yw withoW in any wsy vitidinp w d~sthary'~np ih~ Morrypors li~bility lrrr
u~+de? w vpon the debt he+eby secu~ed. No sale of the premises hercby morty+ged and no fabeuanc~ on tM p+n of the 1NORTGAGEE a it~ woosssoq -
or asigRS snd ra extension of the time fw the payment of tM debt he~eby secured pivee by tM ~MORTGACaEE w its sucoason ot assipns, sMll operat~
ro ntew, dnciMrpe, modify change'oT affect the aiginal liability of the MORTGAGOR herein, sithe~ in wt?ole or in puf.
10. N b speafitally ayreed rh~t time is of tM euence of this co~ut+ct and th~t ra w~iver of ~ny obliq~tion h~rsundar or of tht oblipation sr
cw~d Iw?eby shall at any time tlierufter b~ held to bs ~ w~~ver of the terms hsrwf w of the irotrv~naa secvr~d hsrby,
I1. (n add+tio.~ to the fwego:ng monthly payments of princ"pal and interest requned by ths pramissory oofe set~xed, F~xeby, mo~t9sQor oov~n~nb
and agrees to pay to mortyage~ wirh each monrhly payment an add~r~onal sum estimsted by mwt~a9ea to be equsl to 1/12 oi the u~nual cost of the fdlow•
i~: "
A-All real prope.ty taxes levied or assessed aga~nst the above desaibad real esate.
B-Premiums on fir~ and windstorm inswance n l~erein requ~red to be carried on the improvernenb situat~ on the above dexn'bed premifes.
C-Premiums on such mortgage gvaranty insurance u mortgagee sFwll from time to time deem fit ro ursy:on H~s loan seoured he~eby.
Mort9agee shall fran time to time no~ify mortgagw in writirg of the amount due snd psyable hereunder ~nd ~r.d~ wm shall tf~erwpoa bs dut and
f paysble on the due date of the next month:y payment and each successive montb there~her vntil mort9sgee shall notiiy mort9spor of ~ cMrg~ in wch
` amount. Such suma shall be appl7ed by mortgagee towsrd the p+yrrKnt of real property taxes, irour premlums, snd mortyspe ywranfy 'inwranct
i premiur~u.
I IN WITNESS WHEREOf, the said MORTGAGOR has he~evnto set hp hand snd se~l the day r Mt afwesaid.
~ s~nad, se~te~l a~d dc~rve.ed i~ ~he a~~ of: fftED AK4 ~tECOROE~
st. tuc+F cau~nr fu.
- RGCE~ ?onR~S nne . s e n, a sing e ~lt
CLERK Ct=.;,WT COl11IT
• ~?~~~R" `~~at"'E0._~-~ ~b
: ~ SEr 9 0~ 1N'75
STATE OF RORIDA ) ~
COUNTY OF St. Z.L~C1@ ~ ~ Vi~~ f
~f~ 11fe ~~,~„~iy JoannQ A. Osteen, a s_3ngle adult ~
--------=---------------------------------------------i?1~7r1f~ to en~ vwlt krww~ .nd known ro m~ fo b~
the individuab desvibed in snd who exewred ~he foreyoirg instrurna?t, ~nd acknowkdped Mfor~ me tF~at tl~ty ~xaa»ed tM s+m~ for tl+e putpw~s
tFxrein express~d. Awd~tl~ ~s'~
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-rwh~LN+e~id• ~ ~~~~~~~~~~~~~~~~~~~~~~_~~~~~~~~~~~~~~~~y~~•wp~'~~Prhr~tl
-~aw~i~r»~i~w i~? w» ~Y~w-~+~~t~ -~wd~~p~e~ iraa+ I~er ~a:~ Iwwbs+dr ~iww'hdye~ b-w~d b~iwr ~wr Mw1-~-~ecs1~ s~i~iwttrowwnt ~ri~Fr ~~rMwr
1as'~iy aod ar:tkort..soy~ so~~prlsio~..tA*suaint.-+'K~h~rri~r ~r- f~ar-oi 4r fnaa bsr ~+id-lwaiarwi.
WRNESS my hand and official seal this 3rd ~y $@ te~! A, p, ~q 75
i
Not~ry Publ" for tM StaN of Flotida ~f laty~ ~
My Comm' e '
Retum To: -
~ Fint federal Ssvinps a toan Associat~on Ne1ary fu61I4 Sto1~ of Fbridcr at [or~
Of Fort P~:rce. Mr Coww~issiw Es.p:rrs Juiy 22, i977
Fort Pierce. Flwida /onded bp Anrricon iirQ 6 +
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This Instrument Prepared By Gary R. Bllwood r_: ~~rJ l«nd'~'~ ~
First Federal Savings ~ loan Association
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of Fort Pierce , R lor ida i~. . . - =
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