HomeMy WebLinkAbout1271 3. To plat~ a~d co~~inuou~ly keep on the bu~ld~nyi now a hereafi~~ ~i~uat~ o~ zaid ~and ~nd on +II equipmen~ snd pa~oo+liy cov~rtd bY ~hi~ mw~¢
eos, with ~II pr~miums IFxreon pa~d in (ull, fira insuance in tFw utual su~xiard yo~icy form, in • ~um +pp~ov~d bY ~he MORfGAGEE. +nd winds~wm
inwra~ce i~ tM vswl sundard pol~cy lam, in a sum approved Oy th~ Mu~7GAvEE. in wc11 cumN~ny w twn~:i+~~ai as tha A40RTGAGEE may .
d~rec~; ~nd all fir~ and w~ndstwm insur~nc~ po:icie~ on a~y ot said build~npt. ~ny iMer~st therein o~ p+rt thsr~of, in IM a99rs9~tt ~um alw~said w
In excea tha?eof. ~hall contain tM usuat a~andard mwtgayee c~ause w such otha clauss as 11?~ Morly~gst may requu~, m~Airp IM 1ou ui+dN w~d po1{~
des, each and every, payabie to said MORTGAGEE a~ ~~s i~irrrs~ roay appear, and each and wery such policy ihall b~ promptlY us.gned a~d defivered ~o
.r,y held by ~~d A~ORiGAGEE as furthsr ~eturity ~o said ma~gage dtbt, and, eot leu thsn ~en (10) ~ayt in adva~~u oi tM •xpi~+t~on of e~ch pol~cy, to d~-
I~ver to sald MORTGAGEE • ~enewal thereof, ~ogether with e rece~p~ (a the p~emlum ol such ~enewal; and ~he~~ ~MII be ro fi~e or windstorm inivn~t~
pleced on ~ny of said buifdinps, ~ny i~te~est tha~ein o~ pa~~ thereof, un;eas i~ tl?e form and with ths lou pay+bl~ as afwesaid; s~d in ~he even~ any ium
of money becpnes payable ur+de~ such policy or policies ~aid MORTGAGEE thalt h~ve the op~~on to rateiw and apply tM sarne on ~ctounl of the indebted-
nzas tecu+ed hereby or lo permit said MORTGAGORS to rKaive and use i1 a any part IFwrcof lo~ othrr pu~poses, w~~ho~t Iha~co~ wai~ing w~mpair-
irx,~ any equ~ty, lien or right under a by vuws oi ~his mo:!~sge; +nd in tha evem sa~d MORTGAGORS shatl for any ~eafon f~i) to keep the s+~d {u~mise~ w
insured, or fail b deliver promptly ~~y of iaid policies o) insurancs to said MORTGAGEE, w fail promptly to p+y fvlly any p~smium therefw w in sny
respect fail b per(am, d~xhar9e, eaecute, sfled, complete, comply wi~h and ab~de by fh~s covenant. or any part hereof, ~aid MORTGAGEE may place •~+d
pay (w such insura~ce o~ ~ny part tM~eof wi~hout waivi~ a affectir+g any opieon, lien, equlty, w right under o? by virlw of ~hii Ma~ysqe, ~nd tM
f~Il amount of eath and every such payment shall be ~mmediately dve and payab~e and shell bear interes~ from ths dats.thereof until paid a/ tM rstt ot
m~,r pcK ceotum per snnum and to~elher with such intere» shaN be secured by the lien oi thia morlgage.
4. To pe~mit, commit w suffe~ no was~e, i~~pairment w dete~~oret~on of said property or any part thereof.
5. To pay all and sinyular tht tosts, charges end expense~, i~clud~np a reasonable attwney's (ee and costt of abit~sct~ of titl~, incutred p p~id at
nny i~me by sa~d MORTGAGEE, because w in the event of the (ailure on the pa?f of the sa~d MORTGAGOR fo duly, promp~ly and fully periorm, diuharg~.
execufe, et~ea, comptete, comply wilh and ab~de by each and every the itipulaGOn~, sg~ean+onts, ca+ditions, end coveoanrs of said promiswry note +~+d this
n,or~gage any o~ e~ther. end said cos~s. chuges and expensea. each a~d every, shal! be immediatety dus and pay~We: whether a not there De notice ds
~,and, at~empt to col{ect w wit ptnd~ng; snd rhe full amovnt of each arK! evcry wch payment shall bear in~erest from ~he dat~ thereof untii p~id at the
ui nlne pe• centum per annur..; and ali sa~d costs, char9es ar~d rx;~enscs ~ncurred or paid, togethe~ w~1h iuth ioterest, iF?all be setured by the (ien of thu
mortgsga
6. Thst (e) in the event of any Mexh of ~his Mortgage o~ default on the pa~f of the MORTGAGO4, w{b) in the event u+y of said sums of morwy
herein ~~ferred to be not promptly and fully paid within thirty l~) days next after the same seve~a~ty becomt due and p~yabls. wilhoul dem+nd o? ~o~~te•
or tc) in the eveM each and every the stipufations, sg~eemen~s, condi~ions and covenanes of sa~d promiuory note a~d th~~ mortgey~ any a e~~ha are nW
iu1y, promptiy a~d t~Ily pe.fwmed, d•scha.gzd, executed, eiiecied, ~innN:ot~-.3, :~~r~Nt:ed w:th an~ e~~ded by, then ir, eithet or any such eveM thr iaid ~g
g~~ga!a sum mentioned in said p~omissory note then remaining unpeid, with interest accrued, and all moneys xcured hereby, shall becoms dw snd pay-
s~:c forthwith, or thcrea!~cr, at the opteon ef sa~d AIORTGAGEE, as fully and completc~y as ii all of the said wms of money were oriyin~lly sGp~tatcd
ro br paid on such day, anything in sa:d pro:n~sswy note or in this Mortgage to ~he con~rary notwithstandiny; snd Iherevpon w thereafte~ at tM op~~on of
s+:d MORTGAGEE, wi~~.ovt notice or dertiand, suit at Iaw or in equity, thcrefo~e w thereaite~ begun, may be prosecuted u if sll moneys setured hereby
n;;d maturtd pl~Of to ils iMtitVtiOn. ~ ~
7, ihst in the event that at the beginni~g of or at any time pending any su~t u~on this 1Nwtgege, a fo forectose tt, w to refo?m it, w to eeforc~
;~ay-nent ot any cla~ms hereunder, said MORTGAG~t shatl apply to the Couri hav;r.g j~,r+sd.crion ~hereof fa ~he appoinrment of s Rxeive+, such Court sMll
o•!hwith appoint a recei.er of said mwtgaged prope~ty alt and singular, inc!,+d~ng ait and s~ngular the income, prolits, lssuq and revenues from wMtever
r•_~rce de?ived, each and every of which, iI being exprculy understood, is hereby meiiyaged as if spetifitally ~et fwth ~nd desuibed in tF?e y?anting aod
h,t:endum ciavses hereof, and such Receiver shall hare all the txoad and ef(ect~ve tur•cr ~~s and powers in anyw~se enuusted by a Cou~t to a Receiver, and
;_=h appointment shall be made by such Court as an admitted equ~ty and a mattar of a~~o!ute regM to said MORiGAGEE, and without referente to ihe
a.:•_yvacy o~ inadeqvacy of the valve of ~he p~ope~ty mortgaged a to the so:~ency or ~~uoivency of said MORTGAGOR a the defendaMi, and that such
r.~•,!:, profita, inco~rte, issues and revenues shail be applied by s~ch Reteiver accord.ng to the lien or equity of said AhORTGAGEE and the prutice o( suc.h
Co ~ rt. '
8. To du".y, p•omplly and iulty perform, d~scharge, execute, efiect, complete, co+nply with arH! abide by each and ert?y 1Fro stipulations, agrcementt,
:undit~oro and covenants m sa~d promissory ~ote and tnis martgage set fath. -
9. That in the event the ownenhip of the n:ortgaged premises, or any part thereof, becomes vested in a penon other than the MORTGAGOR, the ;
A~.~RTGAGEE, iss succe:sors nnd assigns, may, wirhou~ notice to the MORTGAOR, deal wi~h fuch successor w wccessor in initrest with reference to this
•~.o~~gage and the deb~ hereby setured in the same mar.ne~ as w•i~h ~+Scrtg~gor v+ithout in any way vitia~inp w dixharging the Mortysgors' liibilify hertr .
~,rd ~r or vpon the debt hereby secured. Na sa!e of the Frem~ses hcreby mo~ry~ged and no forbearance on the part oi the MORTGAGEE M ita suttessors
~ ~ss:gns and ~~o ~xrers~on of the tirne {or ~he paymer,t of the deb~ herety secured gi.en by the MORTGAGEE w its fuccessors or au~gns, shall op~rate
ro re~ease, d~scharge, modif~ chan~e or afiect the ong~nal :iau~i~ty of the NAAiGAGOR herein, either in whok w in p~n.
10. If is spec~licaiiy agreed +h3t ttme is of the essence oi this contract and that r.o waive~ of any obligaYan hereunder o? of fhe obliy~tion se-
cvred h~reby shatl at any time fherratter be held to be a wairer of the terms hereof w of the instrument secured herby.
11_ In add f~o~ to ~he forego:n9 month!y payments of pr+nc'pal and ~nte:~i~ requhed by the promissory nore secwed hereby, morl9agor covenants
~~-d agrees to oay to mortgagee v~rth each monthly payni~nt an add:riona2 sum est~ma~ed by morlgagee to be equal to 1~12 of the annual cost of the follow-
A-A~1 real property taxes le,~ed or assessed aga~•~st tFe above descc~ded real estate.
B-Prem~ums on fne ar.d viinds~o+~n ~nwrar.ce as ~ere+n raq~[+ed to be carned on the +mprovements situate on the sbove desvibed premises.
C-Prer»~ums on such mo:tgage gua.anty insurar,ce as mo~~qagee shall frem t~me to ti~ne deem fit to tarry on the loan setured heteby.
Morsgagee shall ':om ~ime to t~me notify mo~t9agor ~n wriung of the amovnt dl,e and payabte hereunder and such wm sha11 thereupon be due and
i ab'e on the due date of the next monthly payment and each successive month thereafter ur.tii mortgagee sball notify morigagor of a change in such
'j : o~nr. Such sums sha!1 be applied by mortgag~e to.1ard the payment of real property taxes, insurance prem:oms, and mo?tgage guaranty insurance
e. nie:ms.
~ iN WITP~E55 :tiHFREOF, the said MORTGtiGOR has hereunto set his hand and seal the day and yea~ irst atwesaid. j
~ 5' , Seated and de~ivered in the presence ~
~ ~ct~~_ ~ :
- ~'~t~.~~C se.o
~ ~ G~ :
~ ~~ttiC Ci 'F~E~ ~sesn `
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3 s3 py'75 ~ ;
5".=.TE Of FLORIDA
~ ~ ~ ~ ~
i
c:,;;•~.Y OF Lucie ~
8etwe me personally appeared Lazaro COIDpletO~ a single 2~dUlt ~ i
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~~~-_-____-__-_~_-~Mtwifie, to rtx well kr+own and known to me fo be
t, individual dexribed in and who executed ihe foregoing instrument, and atknowledged before me thaf he executed the same for the pwposes
, _•ein O7cp~lS3GCl.~1lnd'ii+~`flid~~___~~~_~~_.~_~____~_~_~_-________~_~.~.._~____~~~___~.___._~~~_~.
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_-~nT.af10T br n+r bhew yeperste andvpa?F~fionfF~er saR~Ftofbsnd~ ACkn~Mll~dg!lrf0 a~'lRh1I!'1fRrTIGR !Ff! ZxROtll~~i~ i~Mron~lnr f?le1~7n~ rOkH1^
_ +a.:`y -ewd wi1F~sM-awy~ eanp~~l7i~on,'tv:rsfrainr ~pplYhR~lf0lt,r OL(SR ~f' ~Autfhlrfaid ~fOfban~ ~
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WITNESS my hand and official xal th~L day of A D. 19
Notary Public in f the S ~te of florida at larye
My Commission pires: a
~ Retum Ta hc+- ~ . _ , r ~ ~ .
~ First Federal Savin~s 5 Loan Associanon 1it - Z 7971
~ Of Fort P~erce. E.n,,._ L~ . , . . ''r~ Co.
£ Fort Pierte, Fiorida ^1
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This Instrument Prepared By J. Ha 1 Robert&, Jr . . ~'.j~; •
Firsi Federal Savings & Loan Association G
of Fort Pierce , Flozida 33450 ~ " . ~
~ - ~'.t;.!_s
Checked By~- 0 R 'J l''r._,.
243 ~-1271 . ~~~:~L~ ~ ~
BOCK Q r !~C[~'..~~ ~
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