HomeMy WebLinkAbout1537 J. To pl~ ~nd tonlinuou~ly keep on tM buiidin9s now or Ixr~ahN uwelt oe~ said I~nd u?d o~ ~II pvipm~nt and p~?~onally tovatd by this morlp~
p~, with ~11 pr~.nivms ~he«on pa~d in fu14 fi~~ iniurence in ~h~ uswl arendud policy form, in a s~m app.owd by th~ N10R~GAGEE, ar+d windtta~n _
insur~nc~ I~ tM utwl ~undard pol~cy /am. M a sum ~pp~owd by tM MORTGAGEE, in wch company w tomp~nia a tM MORTGAGEE may
du~ctJ ~ad aU (i~~ ~nd wie~d~torm i~uvr~~ policies on ~ny o) s~id buitd~nps, ~ny tei~r~st th~«in a p+M 1Mrwf, h tM ~pyrs9aN wm ~la~ld a
In excess ~henot. ~I+all cont~in ~M u~wl s~andud mor~~sp~ ciws~ o~ fuch o~Fw~ cla~s~ ~M Matpp~+ m+y rp~at, m~kinp the lost undu s~d po~b .
c~es, ~ach and every, payabl~ to iaid A10RTGAGEE as in imerest m~y appeu, and e~ch and ave+y such policy ~haii b~ promptly au.yrnd and d~livKSd ~o
•ny heW by s~id MORiGAGEE funher ucurity lo said mo.tpp~ dcb1, ~nd, ~w1 k~s tMn t~n i103 d~ys in +dvanct of tM ~xp~ratiw~ oi ~~ch poiKy, ro dr "
I~ver lo ~aid MORTGAGEE a ronew~l thtrwf, toye~ht~ with ~ rete~pt (or ths premium of s~rch ~tn~w~lj and Ihert thall b~ no f'u~ w windstam in~wanc~
pl~c~d on ~ny of s~id buildinp~„ ~ny iroer~sl ther~in ot part ~Mreof, unle~i in fM twm and wi~h tM tosi payabl~ as afw~said~ u?d in tM ~v~n1 ~ny wen
of mon~y becanes payabl~ undN such policy or policies s~~d MORTGAGEE ahalt hav~ th~ option lo ~~ceiw and applr tM sam~ on acaou~l of tM ind~b~ed~
y y{w pu poses, withoul tharb/ wsivi,q w unpair•
ne:s secured hereb w 1o permit said MORTGAGORS 10 ~eteive and uis it a an rf ~hereof fo. o~her .
Ing any eqvity, lien or ri~ht w~der or by virtw of this ma:lpa~; u+d it? 1M ~vent said MORTGAGORS sh+U fa any nawn lail to kaep tM sa~d prN+ti~ so ~
iniured, w(ail to deliver promptly ~ny of s~id polities of i~surantt ro i~~d MORTGAGEE, or fail promplly tp pay fvlly ~ny prsmwrn ther~fa or in anr
respect fail w pKfa~n, d~xharga, ~xecute, eiten, complets, comply wi~h a~d abids by this covaun~, a~ny parf hersol, said MORTGAGEE m+y pl~u ~nd `
pay for such inw~anc* or a~y part tMreo( without waivin~ or aHxtinp ~ny option, Iiw?, equity, a~igh~ ~nda or by virfw o} this Monpa~, a~?d tM
f~ll amouM of each and ~very such psyment ihali be immedi~tely dw arxl payable and shall bear i~t~re~~ (rom tFa dab thereof vntll paid ~t tM taq ol
n~ne pe~ csntum per annum and logether with s+xh inro~ost shail be tecured by tM lieo of this mortgsge.
I. To permit, commH or wHer no waste, in~pai~ment w ckteriw+tion o( Nid proPNty OI My ~i(t tAO!lOf.
S. To p~y atl ~nd dngulu tM costs, charge~ and expansss, incl~?d7rp s reasonabk attwn~y's (e~ ~nd cw~s of ~bsrr~cts of tiN~, &Kwred or paid ai
eny time by said MORiGAGfE, beuvae or in the event of ths failura on the pa~t of ~M said MORTGAGOR to duly, promptly ~nd fvlly pafwrn, dischu~~.
execure, effect, complete, comply w~th and ab:ds by each and every the ~tipul~tioni, a9reements, conditiooa, .nd cova~snts of ssid promiuory nete and thw
:nongage any w ei~her, and ia~d cosn, char9ea +nd expenses, each and ~very, iMll be immed~stely dw and payable; whethe~ p not tMrt b~ notice ds
mand, attempt to collect or suit pa~d~npt ~nd tM full amoum of sxb and every wch paymem shalf b~a. intaest from th~ d~t~ tMr~of unt~l p~id at tl+~
r~re of nine per centum p.x an~wm; and alt said costs, charges snd expenus incurred u paid, toge~he~ w~th iuch imer~st, sh~ll bt secured by tM lisn of thu
mortyage. '
6. That (a) in the event of any breach oF this Mwtg~ys w defaul~ on the pan of the MORTGAGOR, a(b) In ths event any of s~~d tums of rtansy
herein r~~ened ~o be no1 {xomprly ~nd fully paid within th;rty (301 days neat,-a4tcr ~he iame ~everally betant due ~nd payabl~. without d~m+~d w notice,
or (c) in the event each ~nd every the sripulations, sgreeme~h, condirioni and covenanl~ of sa~d promiuary noN a~d this mortpap~ ae~y or tilhet ars nol
~vty, p~omptly and fully performcd, d:uharged, executed, effected, canple~ed, compt~ed with and abided by, then in either w any sucA ewnl tl+~ said ag
gregate wm ment7oned in said promissory nots then remaining unpaid, with interest acaued, ~nd all moneys Ncwed henby, sh~ll betwM-dut and p~y~
ab~e fwthwith, a thereaftcr, at the option o! said MORiGAGEE, as fully ard completely as if ali o( ~he said sums of morNy were pipinally atiputated
ro be paid on such day, anythinp. in sa~d prom~uo+y note or i~ this Monyage ~o ~he contrary ~otwithstandiny; and thsrwpon w the~eaftw s~ tM option of
:a;d MORiGAGEE, without not~c~ w demareJ, suit at I~w or in equity, the~efore w thereate~r begun, may b~ prowevt~d aa if all aan~ys seevr~d hasby
nr,d maWred par ro ib institutim.
7. That in ths event that st ths beginning of or a~ any time pcndiny any suit upon this Martgage, a to foreclos~ lt, o~ to rofam it, w to enforp
payment of any tlaims hereunder, wid MORTGAGEE shalt apply to the Court having ~urisd;ction thereof fw Ihe appointment of • Rectiver, wch Ca+rt sMll
forehwith appoint a reteiver of said mortgaged property all and singular, incl~d,ng atl and singular ~he irxome, profits, itsues and rsve~~es from whate~er
sev:co ~e~ived, each and cve/y of whith, it being expfesaly understood, is hereby mo~tgaged as if spetifically sN forth and dtKribed in the yr~ntiny and
hahendum ciauses hereof, and such Receiver shall have all the broad and effective (unct~ons and powers in anywise entruited by a Court to ~ Receive~, and
;h appointment shall be made by such Cou~t u sn admitted eq~iiy and a mattn of ab~olute rght to said MORiGAGEE, a~d without reterence to tM
ad:yuacy or inadequacy of the value of tFx property mo?tga9ed or to she wcvency or ~nsoiverxy of sa~d MORTGAGOR or the defendann, and that such
re~*s, profits, income, iuues ~nd revenuss shall be applied by such Receiver accoroing to the iien or equity of said AhORTGAGEE and the prattite of suth
Court.
8. To d~ly, promptly and fully pe~fwm, discharge, execute, effect, comple~e, comply with and sbide by each a~d ~very the stipuk~ior~, ~yreementa,
cend~tans a~d covenants in sa+d prom7ssory note and th:t mortgage se~ fath.
9. That in the event the ownersh~p of the mortgayed premises, a any part thcreof, 6ecwnes vested in ~ person otMr fh~n ths MORTGAGOR, th~
h'^RTGAGEE, its successon and asaigrts, may, withovt no~ice to tF.e MORTGAO~, deal wirh sucb successor ot suaessor i~ intere~t with referenca to this
~^o.igage and the debt hereby secured in the sama manner u w~fh Mortgagw w~thout in any way vitiatinp or dixharging fhe Mwty~yws' li~bility herr
unoer or upon the debt hereby secured. No sale of the premises hereby mortgaged and no torbearanct on the put of the MORTGAGEE or ib sutcesson
er assigna and no extens~on of tho time iw the piyment of ~he debt F~ercby secured give~ by fM MORTGAGEE a its wuessors or assigns, shall operate
ro rrleax, discharye, modify charge or affeq the orig~nal liabit,ty oi the A10RfGAGOR herein, eithx in whole w in part.
10. H Is speuficatly agreed thal ~;me is of the esunce of th+s contract and that no waivsr of any oblg+tion hereundet or of tl» oblfyatio~ sa
cu~ed hereby shatl at any time the~eafte~ be hetd to be s waivtr of the terms hereot a of the instrvmenl secvred herby.
11. In add:tion to.the forego:ng monthly paymenu of princ'pai and interest requ~red by tbe. prorts;s;ory nore secu~ed hereby, mottgagor eoven~nri
and agrees to pay to mortgagee wifh each momhly payrnent an add~i~onnl sum est~mated by mortgsgee to be eqwl to 1/12 of the annual tost of the fdlow-
A-All real p~operty taxes tevied or assensed agai~st the above desa~bed real estate.
B-Premiums on fire and windstorm insurance as herein requ:red to be carried on the improveme:+ts situate on the sbove desaibed premises.
C-Pre~nivms on such mortgage guaranty insurance as mo~tgagee shall from time to time deern fit to carry on the loan secvred here!>y.
Mortgagee shall from time to time noeriy mortgagor in wr;t~ng of the amount due and payable hereunde~ ~nd such sum shall theraupon be d~re and
~~yable on the due date of the next month!y paymertt arR~ each successive month thereafter unti) mortgagee shall notify.mortgayor of a cha~ge in suth
~ a rount. Such sums sh.alt be applied ty mortgagee toviard the payment of real property taxes, insurance prem:ums, and mortgage g~arudy insurance
~em~ums.
W WIiNE55 'dYHEREOF, ihe w~d MORTGAGOR has hercunto set his hand and seal the day and year fir foresaid.
Signed, Seakd and delivered in the presence ot: ' rtE~~A~~
I 4EDLi~ CO~MtY ~ '
j:.. rJiiR~6
- ROC +n
i _ " a~.tk~• t1,1~ COIfaT n
~ ZsLcc~ ' L ut-~ q~~^r.C 'iF ~._D , n
~ S~AiE~ RIDA ~ ~b ~ (
E couvrir oF St. Lucie
~ 31~~`73 ~
E Befwe me penonally sppeared T.Ol11S .1. Noa
~ Lo~~? se~t. NCa his wife, to me well known and known ro me to bs
, rhe individuals deuribed in and who executed the fwegoing instrument, and acknowledged before me th~t they ~xecuted the ssms fw the purposes ~
~ tfierein expressed. And the said TA1115@ •Z. Noa
~ .~~fe of the said LOL11S J. Noa upon • sep~r~te ~nd prrv~t~
e~am~nation by me taken separate and apart from her taid husband, sckrawledged to a~d before me fhat she executed said imtrument freely and volwr
e ra~~iy and witlwut •ny compulsion, constraint, appre nsion,~ feu of or from her ' husband.
~ WITNESS my hand and official seal this day of $e t~be A D. 19 7 5
3
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~ • Not Public in and fw the State of Floridrrt~y~e
t _ My +ssan txpres: , . ~
t Retvrn Ta ' ' ' , ~
~ First federal Savings b loan Association ~/+/~~~Q ,;~~~t:`:r~~;.~, ~r .
~ Of fort P:erce. `r r~~~ ~ '
~ Fort Pierce. Flwida ~ ~ I . w .!t~~,~ti ~~i~•• .
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~ . ~ _.~;~~.`~~C;v~~d A~ - ' :
t This Instrument Prepared By J. Hal Roberts~ Jr. ,d'jr . ~
~ First Federal Savings b loan Association •t=',~~ 0~ i
~ • S ' . ; .
o rt Pierce , Florida 33450 • `
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aoac 243 P~ 1537 .
~ Checked By ~ ieN~~~~.=~'.~
~rin
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