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HomeMy WebLinkAbout1971 Z. To pt~c~ and COf11i(IUOUfI}~ Y.ccy a-. ~.::,.~:r.y: r~ s c• !~-••ar••• _;~•,~r •a~d Iaod and on all puipment ~nd perwnaily cov~nd bY thu rtrors¢ p~, wi~h dl pr~mi~m~ ~heraon pa~d in lull, fire insurance in ~Fa usual t~andard policy form, in ~ ~um appr~v~d by the N10RTGIIGEE, and windNam kaw~ in tM ~swl i~a~dard poi~cy tam, in a•um approved by th~ MORTGAGEE, in wch tanpany w comW~~~f a~ th~ M10RTGAGEE ~y d'u~cft and all fin a,+d w3nd~tam insuranc~ polidei on any of iaid build~aps, any In~~n~~ tMr~ie w put tfwrwf, in IM pyrp~q wp~ ~fa~~+~d a~? in ~xass thawf. ~MII contain tM uswl ~tu+d~rd matgages claus~ a iuch o~hN clws~ a~ ~M Mo?~ya9~t may ~eqvu~. m~kinp tM loss ue~d~ a~d pat~ cia, sath u+d ~v~ry, payabl~ ro s~id MORTGAGEE as ~ts iMeresf may ~ppear, and ~~ch and we.y wch po~icy ~h+~~ b~ p~omPNY +?s~p"~d +~d d~~'~K~ ~o ~ny hsld by aid MORiGAGEE a~ fw~he~ seturity Io uid ma~yag~ debt, and, not I~u than ten (10) day~ fo ~dv~nc~ of tM ~xpir~tion of e+ch policy,.to da ti...-• IivN ro tsid MORTGAGEE s renewal thcreof, tope~her with a rcceipt fw ?hs p?tmium oi such r~new+l; and then ~hall b~ ~+o fa~ w wiodsto~m lewwa?t~ plac~d on any of sa+d b~ild;nps. any interest therei~ w part Ihereof, unles~ in th~ io~m and with tM loss payebl~ u atoresaidt ~nd in tFN ~wnt ~ey wm of mon~y beta++rs pay~ble ui+der such policy w po1Ki~~ wid MORiGAGEE shall have the option to ~eceivt snd ~ppty ths suM on ~ccoun~ of the i~bad- rnu ~ecured h~reby o~ b permit faid MORTGAGC~RS to ~eteive and uN H p any part thereof fw other purposq. withovt the?eb~ waivin9 or impii~- ...-~+e Inp sny puity, li~n or rght u~der or by virtue of lhis morsyape; ai?d i~ tM avent ta~d MORTGAGORS iMil tor ~ny raason fail to ks~p tM aid pr~mises w inwred, or fail ro del~vK promptly ~~y of said policies of insuranc~ to said MORTGAGEE. w fail promptly to p~y fully ~Ay {NlmiVT f~N~O}01 or in ~ny r~spM fail 1o pa(ot~, dischsr9e, e:ecuts, efiect, comptete, comply with and ~bids by this townant, a any pa~t htnof, said MORTGAGEE may pIK~ +nd pay fa svch insura~c~ or any part thereof wi~hout waiving or af(ectinp ~~y option, lien, eq~i~y, w riphl undK a by virtw of this Mortyap~, and the full art?ount of tach ~nd ~ve~y s~?ch payment shall be immediately due and peyable and sh~ll bsa~ intere:t f~om 1M dat~ tMrwf u~til paid ~t tlk raN ol nirN per centum per ~nnum and to~rther with tuch intereat sha~~ br secured by the lie~ of thh mortpsye. 1. To permit, commit or suffer no waste, impairmen~ w dete~aratio~ of iaid prope?ty w+ny put lhereof. S. To piy all ~nd ting~I~? th~ cost~. charges snd expense~, includi~g i/NiOf1~bI~ itfOlMy's fa~ and oosfs of ~bstracts of title, incun~d o? p+id any time by said MORTGAGfE, because or in the event of the failvre on the part of tM said AAORTGAGOR to duly, promptty and fully pafwn~, dixhu~ execute, etiect, compkte, tanply w~th and ab:de by each and every the ~tipulations, sqreeme~n, cond'+tio~s, snd coveoants of wid promiswry not~ +nd thls maty+pe any w either. ~nd satd costs, cha~ges and expenses. each and every. shall b~ immedialely due and pay+bly whether or not thsr~ be notiu ds mand. ~ttempt Io collecl a suit pe~d~ng; and the full amount of each and every wch payme~l shall bear inter~st from tM date tht~eof uMil p~id ~t th~ rate of nins per centum per annum; and alI said costs, charges and expenses irKUrred a paid, together with a~ch intor~st, ~hall b~ s~cwed b~r tM li~n of tha ~W+~- b. That (a) i~ the event of ~ny breach of this Mor~gage or default on the pa.t of the MORTGAGOR, o? (b) in 1he ev~nt u~y of taid wm~ of nwn~y he?ei~ refe~red to be not promptly ~nd fully paid within th~rty (30) dsys nex~ after ~he saine severally become due ~nd payabl~. witlwW demand w notics. a(~ tn tM evcnt each and eve?y the stipulations, sgreememt. cond~t~ons a~d coven+nts oi sa;d promiuo.y note u~d this mortysp~ any a~iths~ ue ~wl iuly. promptly and fully perfwmed, d~xh+rged, execv~ed. effected. completed. complied witA and abided ~iy. tMn in ~ithsr a a~y such ewnf tM said a~ yreyate sum mentio~ed in said promisaory note then remaining unpaid, with interest acuued, and all rtwneyt sKVred hereby, sMll betome dw and p~y~ abla forthwith, or thereafter, st tF~e option of said MORTGAGEE, as fully ~nd compktely ai if all of the said sums of moo~y were oripin~lly Nipul~ted to be pa~d on such dey, a~ything in sa:d promissory note o~ in this Mortgage to the contrary notwiths~anding; and thereupon w thereafter a~ tht option of said MORTGAGEE, without notice or demand, suit at law or in equity, tAerefwe o~ thereatter begury may b~ prosecufed as if a1i mor~ys setur~d lareby had mat~red prwr to its inatitWion. ~ 7. TI»t. in tM event that at the beginning of o~ at any time pend~ng sny suit upon thw Mortg~ye, or to faeclose h, or to rofam It, w to ~nforct payment of any daims he~eunder, ssid MORTGAGEE shall app{y to the Court having jurisd~pion tlxreoi ior rhe ~ppointme~?! of ~ R~ceiwr, wch CaM sMll fwthwith sppoint a receiver ol said mwtgaged property al) and sinpula?, inclvd~ng all and singvlar the incoms, profits, isW~s ~nd r~venuu from what~ve? wurce derired, each and every of which, it being expressly ~nderstood, is here6y mor~gaged as ii spetifically tet fwth ~nd dsKribed in tM panting and habendum ct~uses hereof, •ruJ such Receiver shall have sll the b~oad and effective funct~ona and powe.s in anywiu er+uusted by ~ Covit to • Reteira, ~nd ~uch appoiMment shall be made by such Covrt as an admitted equity and s matter of absolute right to said 1NORTGAGEE, ud without referanta to tM adequaq or inadequacy of the value of the property mortgaged or to the sotvency w insolvency o( aid MORTGAGOR or ~he defendann, ~nd that such renrs, profin, incane, iuues and revenues shall be applied by such Receive~ accwd~ng to the lien a puity of s~id MORiGAGEE and the practiu of such Coutf. 8. To duty, promptiy and fully pe~fo.m, discharge, execufe, effed, complete, comply wi~h and abide by each and every the stipulations, ~greemeett, conditions and covenanu m u~d pramissay rate and this mortgage set forth. 9. That in the event the ownership of the mortgaged premixs, or any part thereof, beoorties vtsted in • penon othet than tht MOR7GAGOR, tiN MORTGAGEE, its succeuors and assigns, may, without notice to Ihe MORTGAOR, dNl with such successw or succeuw in interest with referente to this mortgage and the debt hereby secured in the same manner at with Mortgagor without in +ny way vifutin~' o` dischargirg the Mortgagors' liability ht~ under a upon the debt hereby secured. No sale of the prcmixs hereby mortgaged snd no forbearante on the put of the MORTGAGEE w its suttesso~s or sasigns and no exte~s~on of the rime for the payment of the debt hereby sccured g'~ven by the MORTGAGEE a its wcce~aors or auipes, shall operate to releue, discharge, modify change or atfect the original liability of the MORiGAGOR herein, either in wFwle or ie par1. 10. It is spec~fically agreed that t~me is of tF~e cascn<e of this contract and that oo waiver of any obfigetion Mrew~der or of tht oblipation sa- cvred hertby sMll at any time thereafter be held to be a waiver of the terrt~ hereof or of the instrument secured herby. 11. In addition to the fotego'ng mo~thty payments of princ'pa1 and interest tcquired by the promissory rwle secured hereby, morigagor tovensnfs a~d ag?ees to pay to mortgagee with each month~y ~ayrnem an add~iional sum estimated by moregagee to be equal to 1~12 of the annual tost of fhe follow- ing: A-All real property taxrs levied or assessed aga~nst tfic above described real estate. . B-P~emiums on fire and windsTOrm insvrar.ce as herein requ~red to be carried on tlx improvements situate on the above des~.:~3 premises_ C-Premiums on such mortgage guaranty insvra.:ce as mortgagee shall from t~me to time deem fit to carry on fhe loan secured hereby. Mortgagee shail from time to tinx notify mortgagor in writing of the amount due and payabk hereunder and wch wm shall fhereupon be due and ~a/able on the due date of the next monthty payment and each success+ve month thereafter ur.til mortgagee shall notify mortgagor of a change io such amount. Such sums sha:f be applied by mwtgagee toward the payment of real property taxes, insurance prcm:ums, aod morigage yuaranty ini~rance premiums. ~ IN WITNESS WHEREOF, the sa~d M02TGAGOQ has hereunto xt his hand and seai the day xd year fint afwes~id. ~ Signed, Seated and delivered in the prexnce of: ~ ~ i _ E . s -T.ar . ni er q 0 • h ~ j ~ ; STATE OP FLORIDA ~ St . Lucie ~ couNn oF Before ms penonally appeared ~rry T. Barninger Marsha A. Barninger his wife, to me well known and known to me to b~ the Individwls described in and who executed the fore9oirg instrumem, and acluwwledged before me that tMey executed the same fw tl» purposes therein exP?esxd. nnd rhe ~~d ~rsha A. Barninger ~ w~fe of the said ~rrY T. Barninger upcn a sep~r~ta and priv~t~ examinatia? by me taken separate and apart from her said husband, adcnowledged to and befwe me thaf sF~e executed seid inst?ument freely am! vol~o- rarily and witFw~t any compulsion, constraint, apprekension, or fear of or from her s~id Iwsband. WITNE55 my hand snd official seal this 9th dsy o ~ ec~ber a p ~y~5 Notary Public in ~nd for the tste of ids at lu~ FI E ~ f'. URp~p Comm~ssion expira: tt~r~.~ To: ST. CiE GJ1~kTY fl~. j(_P.~c~Q ~ FtGGER F~ITRAS J ~ Fint Federal Savings 3 loan Associat~on Of Fort P~erce. qpr~j~ R fr.,~.~~~ CQU~T ~ l r ~ Fort Pierce, ftorida ~ ~ ~ ~ ~ ~ 4 03 PM . . ~ : .,r I 'yf~~ This Instrument Prepared By John W. Collins • :t~~' First Federal Savings & Loan Association ' - • of Fort Pierce , Florida ~ ~ ~ ~;'4~ ~ ~ ~,t~~„rw~ ( i.~ t ' - - : -s::• i Checked ~:'::;1 ~ --i': i ~ (j ~7 'y~~~ F~Q~~~r•Y~ t`, n R PAGEIJ 1~ '~'~~r~:ri~~u~„~~• go~,K243 r~=~ . a. . . . ~ - - ~~z~ ~~~~w~ . ~ _ : r .~:i e*~x' -~.:r-r~~= :s. 1. . _