HomeMy WebLinkAbout2685 To plap and conti~wou~ty k~~p o~ tM bui!dinpi now a Mr~aftt? ~ituat~ on ~aid land ~nd on ~II pulprn~~t ar~d p~no+ully covtr~d by thb mortp~
y~, witA ~ii pram~unu ihsr~on p~id in futi, firo insursnc~ in ths uiwi ~und~rd policy form. In ~ sun+ ~pprowd by th~ MOR(GAGEE. ~nd wind~ronn i
Irowu~a in ~M uswl it~ndud poi~cy fwm, in a aum ~pprov~d by ~M MORTG/1GEE, in wch oom~ny w oomp~~ia a tM MORTGAGEE e+ay ,
d'v~ct~ and ~II ib~ and winds~wm in~wanc~ polic»~ on any o1 uid buitd~n9ti ~ey ini~.a~ ther~ie w put tl~~of, in tM apprp~~~ wn, ~fonssid a i
M~xc~u tl~wf. ~MII con~~in ~f» u~wi ~~andard mor~gape~ c1•u~. a such ah.. cl•uw a~ ~M Nbr~Q.q.~ may nquw~. n+~Yirq tM loa undM uid poli~ i
ci~s. ~ach N+d ~wry. paYabl~ ro said MORTGAGEE ~s its interhl may ~ppeu, and each wd ~wry t.rsi«~policy sMll b~ p.ompHr ~ss:9Md and delivM~d ~o
~e+y MW by said N10RiGAGEE ~s fur~he~ sec~riry to ~aid morop~y~ debt, and, nat !~u thao ta? (10) days in ~dvane~ of tM ~xptr~tion of Nch poliey, to dr ~
livw ro wid MORTGAGEE • nnewal tl+~reof, ~oye~Fwr with a ~eceipl ta tM pr~mium of ~uch ren~w~l~ Md tM~~ ~MII b~ no f+n a winditam i~uw~nu
pl~ud on ~nr of ~aid buildirgs, ~ny intereit thtr~~n o~ part rhereof, unleu in tM form and with tM lou payabl~ ~fa~~aidt and in th~ ~w~t ~ny swn
of mon~y becpn~~ payaW~ unda luch policy or polK'at uid MORiGAGEE shail Mw tM opr~on to nc~iw and ~pply th~ s~m~ an aaouM o/ tl+~ ind~btd~
neu s~cvr~d I~~by or to permif s~id MORTGAGORS ro rectiv~ ~nd N a ~ny put tM~wl fa aha purposes, wilhout tiurcb~ w~ivirq u~k-
Inp any p~ity, li~n w ripht u~der a by virtue of thi~ morspaye; ~+d in ~M ~wnf s~id MORTGAGORS ~hall ia ~r~y rtawn fail ro k~ep th~ aid p«mis~s w
insvr~d. o~ f~il q deliva promp~ly any of taid policies ot imvr•nce ro~aw! MORTGI?GEE, a fail promptly ro p~y f~lly a~?y pr~miwn ther~fw w(n u~y
r••p.a fatl ro p.rform, d~schar9., execut~, ~ffed, compl~t~, comply wi~h and abid~ by this oov~n~nt, w any put hK~of, NW MORTGAGEE inay p!~ ~nd
pay fw such i~auranc~ or any part thereof without waivinp o~ ~ffecttnp ~~y option, li~n, puity, w riyht undN or by virtw of ~hts Mortq~pe, and tM ~
full amovnt of Nch and ~vKy such paym~nt shall be imrnediately dw and p~yabN snd shall Ms? Intertst trom th~ d~b tMrwf un~il p~id ~t th~ r+N ol
nin~ pe~ centum pN anrwm and topeilxr w+th such inierest ihatl be secu~~d by tM li~n o( thii nwrtppe.
1. To pKmit commit w wffa no wast~, impaGmsm a deterioration of said propKry w any pa~t tM~eof.
S. To pay all and sinQular tM costs, cMrqes ~nd ~xpemes, includinp s re~~onable anorney'~ fM and own of abstr~ets of titb, k~cw?~d w paW ~t '
any Nme by said MORTGAGEE, bacau~ a In tM ~vent of ~M failure on th~ p~h of tM taid MORiGAGOR w duly, p.o~,Q~w .~,d fv~h p..form, d~~cn..9.,
sxec~t~, ef(eN. comple~~. canply w;th and ab~ds by ~ach ~nd ~very the itipulauoeu, aprearnenn, condilions, ~nd oownanb o~ said promiswry nob and thb
mortpaQt any a titMr. and sa~d coats, char~es aod expense~, each and way. ahall b~ imrr.s3:asa.~ dus a:sd payab:st wlsathsr ar nat th~rs b~,natip dt
msnd, attempt fo collect or ~uit p~~l~ngj u~d the full amo~n~ oi cach and wery tuch p~yment ~hall b~a~ intsrs~~ f~an tl» d~t~ tMnof until pald at tFw
a '
.ate o/ niir pa centum pa ~mwm; snd ~II iaid cost~, chsr~es and expense~ inturred a paid, toptth~r with wth intK~st, sh~ll b~ Mwi~d by th~ li~n of thi~ F
mortp~. '
6. That (a) in the we~+t of ~ny breach of this Mortg~e or defa~lt on th~ part oi tM MORTGAGOR, a(b) in th~ ~vent any of w~d wms of momy ;
herein nfared to b~ not prompfty and fully paid within thfrty (30) days oext after the same se~pally becan~ dut ~ed payabl~. wilhout d~ma~d or noliot.
w(cj in tM ~wnt ~ach and ~very the stipulatian, ~greem~nts, condit~ons and coven~np oi sa~d pomiaso~y not~ and this mat9ap~ any a tithK an n~l
i~ly. prompHy u~d fully perfwm~d, d~scMrged, executed, effected. compl~ted. complied with and ab~ded b~r, tMe in eitF~ p u~y s~ch ~wM 1h~ said aP
pre~~t~ wm m~ntioned in taid promistoiy note then remaininy unpaid, with int~rest acaued, and sll montys s~cvred her~by. sMtl bkorn~ dua and pay-
abte forthwith, a thereafia, ~t ths option of uid MORTGAGEE, ~i fully ~nd comple~ely ~s if all of ~hs saW wms of mon~y vwr~ wqioalJy stipulatcd !
to be pa~d on sud~ day. snythirg in said promissory not~ a in tha Matyaye to the cont~ary nawithsundirgt and thawpon a ther~afMr ~1 th~ option of
seid MORTGAGEE, without notice a demand, wit at law or in puity, theref«e or thereaf~er Ixyvo, may be p.oNCVt~d a~ ff all money~ wa,nd h~reby
had man,red prwr ro in ir?flirut~on.
7. TMt in t!» even/ tMt at ths beginning of or ~t any time pending any wit ~pon this Matps~e, ot to fw~tlo~ k, Or fo r~fonn if, q b~nforq
payme+N of any d~ims Aere~nder, ssid MORTGAGEE shsll apply to the Court Mvirg jurisdiction thereof for tM ~ppointnwnt of i R~teiwr, auth CouA ah~ll
Forthwith appoint ~ ~eceiva of said mortpaged property ell ~nd sinyul~r, includ~ng all an~ sin~vlar ~FK incom~, profits, hs~es and nwnws fran wMfwN t
wurc~ derived, exh and wery of wh7ch, it beirg expressly understood, is hereby mor~gsged u if specificatly ~et forth and dearib~d in tht prantinp and #
habendum dauses hereof, ~nd such Receiver shall Mw all the brwd and effenive funct~ens ~~d powers in a~ryrwise ~ntrusted by ~ Cou.f to a Reuivtr, ~nd
•uch ~ppointment sAall be msde by such Court ~s an admitted eqvity and a rrwtter of ~bsolute riyht to taid MORTGAGEE, wid withoul nlerenc~ to tl+~ `
edequ~cy or in~deQuacy of ~he wlue of the propcrty matga~ed w to the solvency a insolvency of said MORTGAGOR w th~ d~tendanb, and that such ~
renn, profiri, income, iuues and reve~ues ihatl b~ apptied by such Reteive~ acco?dinp to tM lien a eqvity of said MpRTGAGEE ~nd tM practiu of wch
t
ourf. ~
8. To du1y, promptly and fully perfwm, discharge, execute, efEect, complere, tomply with and abide by ~ach ae~d ~very tM stipulations, apreert~enta,
conditaro and cove~ant~ in said promisswy note and ~his mortga~ set fwth. , -
9. Th~t in the event the ownenhip of ths mort9aged premixs, or any part thereof, becomes vesled in • pptpn othe? than ths MORTGAGOR, tl?~ ' 1
MORTGAGEE, its succeuws ~nd aui~ns, may, withovt notice to the MORTGAOR, deal with ivch waessw p woctssor in intarest with nfNSnct to thit ~
mortys~ a~d the deb~ herebp secwed in tF?~ aame mamer as with Mo~tga~or without In ~ny way vltiatinp a dad+arp'np 1M Mortqapon' IiaWlity Iwt
under or upon tMe debt hereby secured_ No sale of ~he premiscs hercby mortpa~ed ~nd no fabNr~nce on the part of th~ MORTGAGEE a it~ successon ~ i
or augns and no ex~ens~an of the time fw the payment of the debt hereby.secured piven by the MORTGAGEE a ns suwsson or ~ssipm; al~ll opuaf~ i
ro release, d~scharye, modify ch~ng~ w affect th~ original liability of the MORiGAGOR her~~n, athet in wiwl~ or M put.
\ ~
10- It is specifically apreed that time is of the esserxe of this contract snd th~t no waiver of any oblip~tion Mreunder or of tlw oblipation s~-
cured hereby shall st a~y time tF~ereaftcr be held to be a waiver of the terms hereot or of the Instrvment secured herby. ;
11. ~n add~tio.~ to the forego:~g monthty payments o( princ'pal and interest required by the promissory note secured F~treby, mor?yaypr towrwny ~
and agrees to pay to mortgagee vvilh each mPnthly payrncnt an add~r6onsl sum est~ma?ed by mortgagee to b~ equal ro 1/12 of fhe annwl cost of the follow-
ing: '
A-All real properfy taxes (evied or assessed againsf Ihe above described real estate.
B-Premiums on fire and windstorm insurance as Fxrein req~~red to be carried on 1F~e improvements sitvate on the above desuibed premiks. ~
C-Premivmi on such morlgage guaranty imv~ance as mortgagee sh~Il from time to time deem fit to urry-oe~lht~loan ~acured hereby,
Mwtg~gee shall from time to time notify mwtgagor in writing of the amount due and psysble hereunde~ ~nd such wm shall theretipon be due snd ~
payable on the due date of the next monthly payment and esch success+ve month thereafter until morig~yee s}?all notify rtwrtyspor of a chanpe in wch
amount. $uch sums shall be applied by mwtgagee toward fhe payment of rea) property taxp, insurance prem:ums, ~nd mortgspe pvar~nly iryu~~r~
premiums. -
~
IN WITNESS WHEREOF, the ssid AhORTGAGOR has hereunto set his hand snd seal the a u~nt ~fwes~id.
Siyned, Seakd and delivered in the ptesence of: ~ i
' ¢1:,~.0 A~fl •i~~flR~ ~ 1
; . ~t. ~,uc~~ c~w~.r~ ~u?. q ~
~ .~c~t.-,° flai~~S es G. 1 :
I ~ c~fk~. ~,~.:u~; ~s~
E ~ ,riE^._?c' v: c rlf_^ ~ '
Sall L S sel ~
s . ~ ;
~ STATE OF FLORID I ~ l~ '
~ couNn oF St . Lucie i
s~ Sei 31'7~74 :
~ eefwe me penona~ly appesred Jd1l@S G. p ~ ~
F $allv L. Sa~Sgj ha wif~, to me well known and kewwn to m~ to b~ t
rhe irxlividwb dexribed i~ and who executed the fwe9oinp instrument, and acknowledped befon rrw that they sxewted the ssms for th~ purpoa~ t
therei~ exP?essed. au! the se~ Sal1Y L• Saapsel
~ wife o~~ ~h. ~.~d James G. Saansel , ~ . ~,~t. ~ ~,~TM
examinatan by me taken separate and epart from her said husband, ~tkriowledged fo and befor~ me fhat shs exearted said imtrwneM fre~ly snd vof~eF
e ly
g rarily and withovt any wmpulsron, constraint, ~pprefiension or fear of ot from her taid husbard.
~ ~ WITNE55 my hand and official seal this ~ 7~~' day of SePte~er D. 19 75
~ ~
~ Notsry Public in tFw St~t~ of Florida N L~rp~ ~ f
My Commissan ucpires:
? Retum To: 4 _ . . ; . . q
? First Fede~al Siving~ 8 loan Association ~ ~
~ ' .
Of Fort P~erce.
~ E~;s~:.. _ . . -
fort Pierce, Florida
~ .••~i~~•- " . t
~
~ This Instrument Prepared By Robert A. Swisher Ji. '
~ First Federal Savings 8~ Loan Association C o J ~ ~
~ ' of Fort Pierce , Rl~r ida ~ = ~ - 1
~ CheckeA [ ' ~ ~ _ ~ ' .
d ~ 'j : ~ t
~ BO~K 243 PA ~ ~i ~ ~ . ~ ~
~ / ~~2685 , ~
~ / ; ~~,,r.
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