HomeMy WebLinkAbout2687 To pl~a ~~?d cavuwo„~tr t..p on ~M b~~td~np~ ~ow a hk~afi~r Wtwt~ on iaid land and on dl p~ipnent and pNwn~lhr cowr~d by this mon~ ;
~y~, wi~l~ dl p~~mi~rms fMrso~ paid in full, fi~~ iowru~c~ ie th~ uw~l ~uodard policy form, in a awn ~pprwr~d by tM MORTGAGEE. ~nd windqwm i
M~w~ In tM u~wl s~u+d+rd polay farn. io • wm ~pprov~d by ~M MORTGAGEE, M wch campa~ny a cary~aniu ~ tM MORTGAGEE may 1
dlncy ~nd ~II tk~ and w~tan+ in~w+ac~ polici~s on aoy of Nid bNIW~~f. My If1tN~tt tlNf~ifl W~ tlfKWf, M+ tIN pp~paq w~n afa~uid or ~
b~xctN Menof, ~Aall conuin tM uswl standud mo~rtqapM clwa w wch wlw~ dws~ ~s tM Mat9spN m~y rpuin. ~~M~p tM Iws un~ s+id polE ~
ct~t„ e~ch a+d wKy. p+Y~bb a~aid MORiGAGEE a its ina~qt may app~ar. ~nd Nch a+~d ~wry wd~ policy ~hall b~ p~omptly au:yned ~nd dsliv~sd ro ~
~nr Mld by uid MORiG/1GEE a~ fu~thK satvrity to s~id m.ort9ap~ dtbt, ~nd, not ba th~e (10) days ln advanu oi th~ ~xpi~~tan of ~ach policy. ro d~-
IIvM lo t~id MORTGAGEE a renew~l therwf. top~thK witA s nc~ip~ tor tM p~~miwn of wd~ ren~w+lj and tMn aMll b~ ~o fu~ a wi~ds~am ie+wr~nu
pl~ad an any of said buUdinp~, ~Mr IntKa1 tA~~~in w part t1+Neof, ~nl~ss ln tM fam eod wi~h ~h~ lou payabM u ~iw~saWt +~d ~ tM ~wn1 uiy we?
of moo.y b.cana payabl. w+d.? svch policv o. poiicies a.id MORTGAGEE •hall Mw ~h. op~an ro..c.~w u+d applr ~M w++. on acw~mr of rM iod.br.d~
n.u ucw.d ha.by w a p..mi~ u~d MORTGAGORS ro ~csiv~ u~d w~ i~ w~ny put tMnof fa aha pwpoa~~, wi~hout thaeb~ waivlnq a~rnp+in
lnp ~r?y pviry, li~n o~ riqht ur~r a by vGtw of this mortp~pej N+d In tM ~wnt uid MORTG/IC~RS ~h+ll fa .ny ~.awn i+ll ro k..p rh. s+id p..m4.a w
- inwnd, w fNl to detiva promptly ~ny of aid polici~s of iruurMU to a~d MORTGAGEE, w f•i1 prompdy ro par fuly a~y prN+?iun? th~nfo~ a in any
r~spal fail b pMfwm, diuha~q~, t:etute, e((~ct, compl~~e, comply witR aed ~bkN by this oovteant, Of My pift MfMf, s~1d MORTGAGEE mar pltw and
p+Y fa such imuranc~ or ~ny p~rt tMreof withwit w~iviny ar ~f(~clinp ~ny optan, Ikn, puity. or ripht ~ndN a by viAw oi thh Mort9a~. ~nd the
full unount of each ~nd .w.y w~ P.y,~+,.m .ha~~ b. ~mm.d~~.~y dw .~,d p.r~bi. ~od ~hall b~ar intKat from tM dat~ tMrwf w~~il paid ~t ti+~ wt~ ol
niM pN ca~h?m p~t annum ~nd topeihe. with such intere~~ ihatl b~ ~ecured by tM li~n of this mortpp~.
To pxmit, comn?it w wifK no wasts. impai~rtwent w d~teriaatan of Nid p~OpKty Of N1y p~A tAM~Of. -
S. To paY all ~nd sirgula tl» costs, ch+r~+ +^d ~xpenses, includ'aq • n~sonabl~ anorney'~ fN ~nd oosn of ~bsn~ct~ of titb. i~cwr~d w paW at ~
~ny tie.w by s~id MORTGAGEE, b~e~us~ a in tl+~ ~v~nt of tM fail~re on tM pah of tht sald MORTGAGOR b dvly. promptl~? u+d fvlly pMforen, diuMrq~ ~
•x~cvq, ~if~, compl~n, comply wirh and ~btd~ by ead+ u+d svery tM sripula~iom, preemen», condl~ioro. ~Zd oown~nn of s~id praniswry na~ and thi~
~++~T9~W ~^Y ar eitF+K, and aaid costs, chu9es ~nd ~xp«+sss. each ~nd ewry. ~MII b~ immediaaty dw and paysbl~t wMtM? a nw tlwn be notiu dr
mand, ~thmpt ro colkct or wit p~nd~nq; ~nd tM fu~l arno~nf of ~ach and we?Y tYCF~ piy1MM iMll bH~ 1~1tNNt ffp11 tM dit~ 1MrlOI untll paW at the j
rate oi ~ pe~ c~ntum per amwm; and ~II ~aid tosn, chuges and expensas GKVrred a paid. top~tMr with wth intK~at, sMll b~ s~tvnd by tM li~n of thN
matp+p~•
6. ~Mt (a) in the ewnt of ~ny txeach of this Mwtyap~ a d~fwt~ on th~ p~rt of th~ MORTGAGOR, w(b) to th~ w~nt ~ny o~ uid swns of moMy j
herea~ nfe~r~d to b~ ~+ot p~omptly ~nd fvlly paid wi~hin fhirty (30) days nex~ afta tM same av~r~lty becom~ dw and pay+bb. without dunaod w ootics,
~
w(~ in tFw ~wm each ~nd ~wry d+~ atipvl~rioos„ agr.ements, condi?ioea a~d cown+nn of sa~d p.omiuay not~ aid this mwtpapt a~r a ~itl~ u~ nol
iuly. prompty ~nd fu11y pKio.m~d. d~uhuped, ex~cvt~d, sffecred. canplered, complied with aed sbided by, ttrn i~+ ~itl~ o? any wch ~wm tM s~id ~g
pre~~tt sum mtntio~ed in i~id p+omissory rate then remaininp unpaid, with inte~~sl xaved, a+d all moMyt fecvred Mr~by. si»II b~oorn~ dw a~d p+y~
•bl~•forthwith, or tfiere~ftar, at the optan of said MORTGAGEE, et futly and caupletcly as if ~11 oi the s+id swm of mon~y wen orpinally~stipulated
ro bs p~id on such day, any~hiny in iatd prom~sso.y note a in this Nb.tysy~ to tM contrary notwithsundinp; ~nd thu~upon w thsn~hK ~t th~ op~an of
taid MORTGAGEE, witFwut no~ice a demand, wit ~t law a in puity. thersfwt or ther~aher beyun, may b~ prowcvt~d q if ~II motNy~ s~a+r~d h~reby
had matwed prior to iri kistitution. •
7. iMt in ths event tMt ~t tM bsyinniny of or at any tim~ pendinp ~ny a~it upon thb Ahwty~, or to foncloN N, or to niorm h, ar to ~nforq
paymer?t of ~ny daims Mreunder, said MORTGAGEE ~lull appy ro the Court h~vinp jurisd~ction thereof iw tM sppointment of ~ R~teiwr, wd~ Caxt sMll
fwthwlth sppoint a receivK of taid rtro;tpag~d pro~rtY ~11 a~d sinpvla~, includ~ng all ~nd sinpular tM i~come, profits, issws and rewrwts fran wfietrv~r
source dxiwd, eath and ~very of whith, it beirg ~xpressly u~dersfooJ, u hereby mwtyped u if sp~tifiully ~et fwth ~nd dewib~d in th~ ~rantinp ~nd
habend~m davses I+ereof, ~nd such Receiver shall Mve all ~he boid atx! effective fund~au .nd powcn ie anyw~se emnnted b~r ~ Ca,rf ro~ Reo~iva. ~~+d
such sppantment shall be m~de by wch Court q an xhnhted eqviry snd a m+tte? of ~bsolute riyht to fatd MIORiGAGEE, ~nd withoW ~eftrer~p "to tM
adequ~cy w in~deq~~cy of the value of the property mongs~ed or ta the sohrency w insolvency of s~id MORTGAGOR or tM tMfendants, and tMt such
.enu profiri, income, issues and revenues sh+lt be applied by such Reuiver.aaordi,q ~o Iht liee or puiry of s~id MORiGAGEE snd th~ practic~ of such
Court.
8. To duly, promptly and iuly pe~fo.m, discharge, execute, effect, complete, comply with ~nd ~bid~ by ~ad~ ~nd w~ry tM sY~pulations, aprNmsnts,
conditant and covenana in said promissory note and tha mortqags sef fwtl~
9. TMt in tM event tl?e ownenhip of tM mort9sped premises, or eny paA the~eof, beoorn~s wshd h• perwn othsr thu~ th~ MORTGAGOR, tht
MORTGAGEE, Ita succeswn and ssig~s, may, without norice to the MORTGAOR, deal wi~h iuch succesfa w wueuw In intK~st with nfer~nce w this
mat9sy~ ~nd the deW hereby setwed in the sa~ne manner as with Mo?tgagor without in s~y w~y vitiatirg w d~sch+ryinp tM Matyapoa' Ilability Mre-
unda~ or upon th~ debt her~by seaureA. No s~M of the premises hereby mwtpy~d and no fwb~sranoe oe th~ put of tM MORIGAGEE w ih wcoetson
w usgm~and no earension of the timc fw the payment of tM debt hereby secwed piven by tt» MORTGAGEE or ib wasssws a assiprM, aMll opaab
~a reteas~, d+'scharge, nadifp charge or affect the wi9+nal liability of the MORTGAGOR herein, either in who.~ or in part.
10. h b spec~fically agreed that time a of the essence of thia cont~act ~nd tMt no w~iver of ~ny obliqation M?eu~der or of tM obltpation ar
cvred hareby sh+ll at any time Ihere~fter be held to 6e a waiver of the terms hereoi or of the instrument setwed iwrby.
11. In add~tion to the (orego:ng momhly payments of princ'pal and interest required by the promissory nore secured hereby, mortysgtx covenanb
and preos to pay to monpsye~ with each,monthlY paYment an add~rio~al sum esfimated by mwtgagee fo bs pw! b 1/12 of ths annwl cost of th~ follow-
ing:
A-All real property taxes levied w assessed against the above described real estate. _
B-Premiums on fire and windstwm inswance as here~n requ~red to be carried on the improvemenb sitwte o~ the ~bove desuibed premises.
C-Premiums on wd+ mortgsge guarsnry insurar~ce as mortgsge~ shsll from time M time deem fif to tsrry on the Iwn setured hareby.
Mwtyape~ shall from ti+ne to time notify mortgagw in wrHing of th~ amount due ai+d payable herevnda snd wd~'wm sh+U thereupon be dve and
pay~bk on the due date of the next monthly psyment and each successive month thereaNe~ ur.til mortya9ee sh+ll notify mortysyor of a chanpe in such
amaunt. Such sums sha~l be applied by mortgagee toward the p+yment of real property taxes, insurance prem~ums, a~v! morfy+~e yuuanty inwranc~
prcmiums.
IN WI7NE55 WHEREOF, the ssid MORTGAGOR has he+eunto set his hsnd and sesl tF.e day year fint af id.
~ Sipn~d, Seal~d ~nd delivered in th~ presence of:
FLL:O A~? F.E~v~~Ep a~
~ tT.~t~:~~a
~i*~is~~ -~r. G
~
~ ` CtEiA C: ty`Jt~ COJRT
4fr^~ " .ztt'C
~ Q ~71, ~ry
~ ATE OF FtORIDA V 13 ~H 1 J r~.~+~
~ courm oF St . Lucie u' ' ~ L(~
e~fw~ n» penonally apptarcd Joseph E. Powell
He le n O. POwe 11 ~ wNe. ~~~11 known and known to m~ to l»
the individwls dewibed i~ and who executed the torepoinp instr~ment, ~nd acknowledped before me that tF»y ~xecvt~d th~ ~arrn fa the purpows
rbe.ein •xp~ass~d. a~d tM ~s~d HQ le n O. Powe 11
Mrif• of rM „id Joseph E. Powell • „ ~,pa, •,~p,..r..nd priva»
~ examirution by me taken ypparale and apart from her ssid husband, ~tknowledged W and befwe me that sia executed wid insfrv~rrnf frNly and vduir
tarily and witho~t ~ny compulian, constrsint, apprehension, or fear of ot from her ssid twsb~nd.
~ WITNE55 my hand aed official se+l thi~ 16th d~Y ~ Se tetobei _ A. D. 19 7S
~ Notary Publ~ in ~nd f Iw • Florida lu~
~ ~ My Commiuion ~ap'u ' ~
~ Return To: ~~X ~
~ fint fedaral Savings a losn Association
~
~ Of Fort P~erce. -
~ Fort Picrce. Flo~ids •t,'
~ ` i ~ , . .
~ ~ . . ~
~ , _ , ~ ~ r>•. ~j!' , .
This Instrument Prepared By John W. Collins ' " r~~, ,
First Federal Savings b loan Association - . • , _ ' .
of Fort Pierce , F lor i da " •
;;t' ; j _ r-
~ Check B 243 P~~E 268~' ~ ~ : = . - , , .
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~ 800K , ~ J . . ,
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