HomeMy WebLinkAbout1553 To plac~ ~nd contin~ouity kNp on tM bui!dirgs now a M.~•f?~. s~~w~ on ~a~d lud ~nd on ~11 puip~net Md p~rwnatty cow.~d by ~hi~ maq~ ~
wi~6 ~II pr~miwna ~herwn pald in full, fin insuranc~ in the uswl ~a~dard policy toren, in a ~wn approv~d bp tM MORiGAGEE, and wi~torm
Inwr~ M tM ~wal ~randard poliq fam, in a wm app?owd by rM MORTQAGEE. In wch oanpa~Y a~P+~~ M th~ MORTGA(iEE n~ay f ~
dk~ct~ ~nd all fin ~nd windsarm insu~anc~ policiei on aoy oi s~id b~rildwps. any h+Mnst t1~Nn or put ~~of, b th~ apqrpa~~ wm afw~said a
1n ucc~u th~nof. ahall oontain tM vaual sandud mortpa~ claus~ or wch ahK d+u~a a tM Matyp~ may nq~+w~. ~n+?in~ t1r los~ w~da ~d Poli' ;
da. ~ad~ and ~v~ryr. WY+bI~ 1o iaid MORTGAGEE i~s intK~st mar ~pp~ar. and sach and ev~.y ~uch policy shall b~ P~a^P~h? aa:qmd ~nd dtlivK~d M~'~ J
~ny MW by iaid MORiGAGEE ~s tur~hs~ ~~cvr~ty to said mortpap~ d~b4 a:~. ~wt I~ss than tM (10) daya In ~dvu+a of th~ ~xph~tion of ~ach policy. ro dr ~
liw~ to said MORTGAGEE ~ rN+ewal ~herwf, ~opahN w~th a rece~pt fa ~M pr~wn ot wch r~newalJ u~d ~Mr~ ~hall b~ oo fa~ a wt~~o.m iawwnc~ ;
plapd on ~ny of s~id butWings. anr intar~st there~n w part the.eof, w+l~ss in ~he fwm snd wiih ~M loas payaW~ p~FOffM1~ Md 111 tM ~VM1 My NM1~ _ {
of mw»y becorn~~ payabl~ w~d~~ wch polky a polKi~s said MORiGAGEE shall Mw d» optan ro receiw and ~pphr tM on ~coow+~ 01 tht indebt~ - ;
n~ss Ncw~d Mr~by a b p~rmit ~aid MORTGAGORS to reoeiw u~d us~ ii a any part tlw~wf fa othar purpo~~a, wi~how thenb~ waivinp a imp+ia ~
inp ~nr pv7fy, litn q ripht u~de~ w by virtu~ of this mort~~pet a~d i~ ~M ~wnt sa~d MORTGAGORS sAsll fw ~ny nawrt fsf! to kNp 1M ~aid pr«ni~a so t~
Insu?d, or fal) w d~livK promptly ~ny of said polKies of iniuranu ro saW MORTG/1GEE, a f~il promptly to p~y (~lly ~ny pnmium tFwr~for w In any t~'~'
~.sP.c~ f.il ro p..ia~n, d~schu~., ~zecurs, ~if~ct, compl~t~, comply witA aod abid~ by this cownant, a~ny put ha~of, ~aid MORTGAGEE may plaa ~nd t J1
p+Y for wd~ i~uwanc~ w any pan rhe~wf without waivinp or ~ftsc~iep any option, Ibe, ~qv~ty, w ripht vndN o~ by vtnw of thls Mat~. and ~M
full Mnovn~ of each wx! ~very such p~ymant shatl b~ i~nmediately dw and py~ble ~nd sh+ll b~u intK~s~ i~an tM d~t~ tMrwf wnil p~id at th~ uh ol
nir» pN t~ntum pN annum ~nd togefhe~ wi~h such intereit siwll be secv~ed by tM lito of thislnortpp~. ~
1. To permit, comn?it w wffer no wasro, impairment a deterior~t~on o1 said prpp~rty a~ny put therwf. -
S. To p~y all ~nd siegular ~h~ eosb, eMrpes snd sxp~.-ues, ineludinp ~ nawn~bb ~tro.n~y's fN and eosri of ~banaen of titb, inewnd a paW ~t
~ny tim~ by s~id MORiGAGEE, Mcww w N+ the event of ~M i~ilws on tM paA d tM saW MORTGAGOR to du1y, promptly and fu~~1? pafan+. diuh+r~
exeart~. eff~ct, compl~q, comply with and sb~de by ~~ch and every the itipulatiwu ~qre~me~n. condi~iom. u+d aown+nn of sad praniuo.y na• and ~his
mapap~ a~y or a~l+K, and sa~d costs, charye~ and ~xpenses, each end ~very. sMll b~ immedi~tely dw ~nd p~Yabl~: wMtMr a rat tMr~ be notit~ d?
mand, ~qtmpt to cotkct or wit pend~npt +~d the tull amount of each and ~Y wch paYrn~e~ sMU bea~ interest from tM dat~ tMr~of until p~id ~f tM
rate of nii» pe~ ce+?iwn ptr arw.um; and ~11 said oosrs, chu9p u~d expeoses incurrad or paid, topNlw~ with wd~ intKaf, s~ll b~ Ncw~d by ih~ li~n of Hww
mortpa~,
6. That in 1M ~veM of any bieach of this Mortpape or default on th~ part of t1w MORTGAGOR, a(b) tn th~ ew~f arry of uid sumi of nwrwy
he~ein rof~rred to be not promptly and fully paid wi?hin ~h~.tY (30) days ~exf a(re. ~he same s~vaaly becarw dw and p~yable. wi~hout d~muK! a notke.
w(v tn tM ewnt e+cA and evKy ~he st~pulatioia agncmants. conditions and cown~nq of sa~d p~omissory na~ u~d thi~ nartyp~ any a~itha u~ nw
iuly, p~omptly u~d fully pKformed, d~scha+ged. ~xecuted. ~ffected, compteted. cornplied with and abided ~iy, tMn in atMr or any v+di ~wnt tFM said aP
preyab twn mentaned in said promissory note then ramaining unpaid. with interesl ~cuued, and all moneys secured.htr~bY. shall betom~ dw~ p~y-
aWe forthwith, w thereafter, at ~he option of said MORTGAGEE, ~s (vlly and completely ai~ if all of the said swns of ~na~er wer~ ppinally ~pulated
to be p+id on wch dsy, a~yfhi~+y in sa~d promisswy note or in fha Mony~ge to the conaary notwithsunding; ~nd the~wpon p flwreahe~ at fht option of
uid MORTGAGEE, without notic~ or demand, wi~ at law or in pvity, thcrefw~ ar therea(ter be~wL may b~ pro~etut~d as if ~11 ~noety~ s~c~t~ hK~by
Aad matwed prior ro iri irtstit~tion. ~
c, •
7. Tha1 in the evcnt that at the begi~nirg of or ~t any tim~ pending any suit upon this Mortyay~, p to foretlos~ ~1..p 14 nfor~+ N, o~ to ~nfpq
payment of sny ct~ims hereunde?, said-MORTGAC,EE ihall app~y to the Cou~t hivi~+p jwisd~ion lhereof for the appoinMmM of ~'Ric~hMi. wch CQwt sMll
forthwith sppant a receiver of said mor~gaged property alt ae+d sing~lu, includ~ng all and singular the incom~, proiits, is~ws rtwnu~s f~qm wMtwa
sourc~ derived, each u+d every of which, it being expressly understood, is hereby mwtgaged at if specifically s~t ionh ~nd dMt~ibed in th~ ~rantinp and .
habendum davies hereof, ~nd such Receiver sMll hsve sll the broad ~nd eftective furxt~ais and powers In NyWift Mt~Wttd ify ~ COY~t 10 1 RKlirR1, and
such appointment shaU be made by wch ~ourt as an idmitted equity snd a matter of absolu~e ripht to said MORTGAGEE, and without f~fH!(1C~ to th~
~dequacy or in~deqwcy of the valw of the properry mortgeged or to the savency or insolvency of said MpRTGAGOR a tM d~fendanb, and that wch
renn, profits, income, issues and reven~es sFwll be appiied by such Receive. eccord~ng to the lien or puity of said MORTGAGEE uid th~ pr~ctiu of such
Court. . -
8. To duly, pramptly and fvlly perform,_dischuge, execute, efiecf, eompkte, oort~ply whh arx! ~bid~ by each u+d ~wry ih~ stipul~tions„ apreert~enta,
conditions u~d covenaros in sa~d promissory rwse and this mortysge set i«th. ~
9. That io the event the ownership of the mortgsqed premises, o~ ~ny part thereof..beaom~s vested ~in a perton other than the MORTGAGOR, ths
MORTGAGEE, in successas ~od auigns, ?na~i, without no~ice fo tl+e MORTGAOR; dsal with s~ch wttetso~ o~ successor in intaest with referenc~ to thia i
mutyaga a~d tl+e debt herebr secured in !M sanN marr~er p with Mong~gw without in' any way vitiaYmg a distlwg'~np tM AAort9pas' lisbility I+~rr f
under a upon Ihe deb~ hereby s~cured. No. sale of the premises he~eby mortgsg~d uu! no f«bwsnca on the part of ths MORiGAGEE w its s~ocessors
or usg~n and no exrensio~ of the time fw the paymem of the debt hcreby secured piven by th~ MORTGAGEE w its wccessas or assiyns, aMll opKat~
~o release, dixharye, rnalify cAang~ w affect tF» wiQ~nal IAbility of ths MORiGAGOR twsie~, eiH~er in:whole br ip,part.
10. It is specifically agreed that tirrK is of the euence of thia contrsd snd that no waiver of ~~y oblig~tion htrevnder w of tM oblgsTion ss-
cured hersby shall ~t any time thereafter be held to be a waiver of the terms hereof ot of the instrvment setured herby.
11. In add~tior? to the fore9o:ng mor~thly payments of p~inc psl and interesl reqvired by the promissory note secured hereby, mortgs9or cpvenants
and a~rees to pay to mos~yat~ee v?ith each monthly payment an addi~anal sum est~mated by mortgsgee to be equal to 1/12 of the amwl cost of ths fdlow-
A-AU rtal ptoperty ta:ei kvied or assessed against the above dQU~ibed real estate. •
B-Premiums on 1ire and windstorm insurance as Mrein requ~red to be tarried on the imptovemenb situate on fM above destribed ptemisq.
C-Premiums on such mortgnge guaranfy insurance as mortgagee shall ~rom t~me to time dcem fit to qrry on the loan secvred, iweby. ,
Mortgsgee shall from tirtx to time notify mortgagor in writing of the amount due and payable he?evnder ~nd sutF~ wm shall therevpon bs dw and
payable on ths due d~te of the nexl monthly psyment and each svctessive mwith thcreafter until mortga9ee shsll notify morty~gor of a chargs in wch
amount. $uch wms shall be applied by mortgagee toward the psyment of real property taxes, inswance prem:umf, ~nd morfy+ye yuuanty imutanos
premiums. ,
IN WITNESS WHEREOF, the said MORTGAGOR has here~nto set his h~nd and sesl the day and y first afwp~id.
Sipned, Sealed and delirered in the p?esence of: FtLEO AN:3 RECORDEO `
ST. LUCI: ~aUMTY FLA. ~ q
R4:,~n ?~.IIjRAS t1C 118 s ~
~ n ~ Lc F.K ~r ``i't~~T COURT ~
~ E ,c . _ oane .R. ons ~ ~
` 9 IZ ss PM'~5 n
f StATE OP FlOAlOA i
i couwn oF St. Lucie ;
Bafore me penonally appeared L1iC2118 $1~Ofl8 ~ }
. Yvonne R. $~AS - his wiia, to ms well knawn ~~d known to m~ to b~ s
the individwb described in ~nd who executed the fweyoug instrurMnt, and ~cknowledped befote me tlwt t~y axea?ted the same for tM pwpw~s
s rherein expressed. And the sa~d Yvonne R. $~~ORS ~
F wife of ths said - LtCy,s S i~sc~n s . vpon a s~parat~ and at~
~ ex+mi~stion by me fak~n separate and apart from her ssid huaband, ~clcnowledged to and before rn~ fhaf sbe exeaAed said irufrvrnent fteely and volun-
rarily snd witFso~t a~y computsio~, conatraint, appre slon, or feu of or from her taid sband.
WITNESS my hand and official ual this dsy of ~~te~er p, 1975
k , Nofary Pvblic in ~nd fw ih~ St of Fiaida af Lar~
Retwn To: , My Cortwnission expires: ~.~.r~
Fint Federsl Savings a loan Association '
i Of fat P;erce. ;~~;i:~ .
:
Fort Pierce. Florida . ~
9 ~r..: ...i ~r~~=
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~ This Instrument Prepared By Robert A. Swisher Jr. ~ . _
~ First Federal Savings b loan Association 1~" ~
~ of Fort Pierce~Etlorida 33450 p Q ~~r j"
= 60~243 ~1~~ . . . ~ ~
~ Checked By~~ ~ , f
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