HomeMy WebLinkAbout1036 3. To plac~ ~nd continuc sly k~sp on ~M b~ildinps now o~ h~?~afiK ~iwa» on ~aid Iw+d ~nd on ~II puiprn~nt and pNSawlly oovN~d by thts mo~p~
p~, with ~II pr~enlvm~ thereon pa~d in t~ll, tir~ ins~rance in tM uewl stsndud policy fam, in a twn approwd by 1M MORTGAGEE, aed windstaryn
h~w~ in tM uwal n~nd~rd pol~cy f«m, in a ium approvsd by ~M MORTGAGEE, in wch company or oanpani~s +s tFN MORTGAGEE n+ay
dincft Md all ik~ ~nd wi~torm in~urana polic~es on ~ny of said butld~~gs. any inh~~sl tMr~in w p~A thenof, in tM pprpat~ wm sfonsaid or
N~ccns thN~of, ~hall conuin tM usual sqndard mor~ya~ clius~ o? such o~l+K claua~ a th~ N1a~p+pN maY nqvir~. makinp M» loa undM ~aid poli~
CiH. ~KII N1d ~Wfy. paYsbi~ w s+id MORTGAGEE n in ietaest may app~~r. u+d ~ach ~nd ~very such policy ~MII b~ pranptly as:~ewd ~nd deliwr~d w.....
~~y Mid by uid MORTGAGEE as furthe~ security to iaid morty~y~ debt, snd, noi t~q ~han ten (10) days in ~dvanc~ oi 1M ~xpiration of ~ach poNcy, 1o dr
UvK ro aid MORTGAGEE a ra+ewal ?her~of, to~ther with • rauipl for the pr~mium of wth .~new~l; ~nd tMr~ ~MII b~ no fu~ w windstpm inwwnc~
plac~d oe any of s+id buildinps, ~ny intsrat tl+~re~n w part tMreof, vnleu ie the fo~m ~nd wi~h tM iws pay+bl~ ~ a~foraaid~ u+d in ~h~ ~wM ~ey swn
of moMy bcana pay~bls und~r such policy a policia ufd MORTGAGEE shall haw tM option ro r~ceiv~ ~nd ~pply tM sirn~ on acw~+n1 oi th~ ind~btd~
nis~ secwed Mteby a ro pNmit saW MORTGAGORS to reteiw u~d us~ it a~ny put tMr~of fw other purpwes, without thNeb~ waivinp p~mp~K-
inp any puity, li~n w ripht uoder or by virtw of this mortyape; and in 1M ~vent wid MORTGAGORS sMll fw sny r~ason f~il b kHp tht aid pnmiies w"."'"
ins~~ed. w fail to d~liver prompHy any of said polKies of inswanc~ to s~id MORTGAGEE, or fail promptly to pay fulir aoy p~mwm tha~to~ w M any
nipect fafl ro p~riam, dixhuge, execute. ~fiect, camplete, comply with ~nd abids by tFw cow~ant, a ~~y pan hKwf, said MORTGAGEE may plap and .w
p~y fw aud+ tnw?ant~ w any pan thercof without wsivinp w ~!fectinp anr opYqn, IiM, puity, w?ipht under or by virfw of thts Mort~pe. ~nd tM
fuli a~eaunt of each and ev~ry such payment sMll be imrnadi~tdy dut and p~yabb and th+ll be~r inMrat from tM dab therwf until p~id tM raN ol
nirw pK ta~tom p~r annum and togethe~ witA suth ioterest aha?I be uc~red by th~ li~n of this mattp~p~.
1. To permit, commil or suffer no wut~, impairment or deterantion of said prop~rry w any pwf th~~wf.
5. To pay sll a~+d tinpul~r tM cwn. chuges and expe~ses, includin~ a roawn~ble ~ttornty's fK ~nd aosb of a6aN~NS of titi~, incva~d w pdd N
~ny time by s~id N10RTGAGE~, bacaus~ or in ths ~ve+?t of th~ fsilws on ths part of 11» said MORTGAGOR fo duly, promptly Md fully pKfam, dischuq~
~xecute, effect, oompkq, oomply with and ~b~de by exh u~d every the stipulatiau, ayreements. conditio~s„ ~rd oovsnanb ot s~id promiswry ~wtt and thi~
matyspe ~ny w either. and ssid coin, charyes ~nd ~apenses, each and everyr. sh~ll b~ immediatety dw ~nd payabl~: whetMr a not thK~ b~ notiq dr
m~nd, ancmpl to collecl w svit pendingt and the tull amount of exh and every such p~yme+u shall bear intKest fran tM d~q thtreof until p~ld at tht
rate of nine per ce~tum per ~nnum; and all said coib, charges and expenses Inturr~d a paid, ropether with s~ch int~rat, aMU b~ Ntw~d by 1M lien of this
b. That (s) in tM ever+t of aoy breach of this Mortpaye w defautt on tM paN oi ths MORTGAGOR, or (b) in th~ ~wnt ~ny oi ~id sums of morny
hsnin r~fened to be oot promptly and iully paid within thirty (30) days nex~ sfter the same severatly become dw ~nd pay~bk, withoul d~mand w notke.
w W in the ~vent exh ae~d every ?he ~tipulations„ agreemann. conditions and covens~ts of s~~d proni~siwy not~ and this nwrtpapt u)y o? NthK an no1
iuN. p?omptly ~nd fully perfamed, d~scM~ped, executed, effected. tompl~ted, compli~d with and ~bidad by. tMn in athar or ~M? wch went 1M s~id ao-
preyat~ wm mer~tioned in said promissory note the~ remaining unpaid, with intero~t acuued, and all moneys t~cursd F~tby, th~ll becom~ dw ud p~y~
able fwfhwith, or thereafter, at 1hs option of wid MORTGAGEE, as fvlly ~nd comptately ss if all of the said wrn~ of morNy were orpiMlly s!i'vl~ted
ro be pacd on such day, anyrhing in sa~d prom~uwy ~+ote w ln rh~s MwtyaiJe to the con~rary nofwithsfawdlnps ud therwpon p there~h~r N tM option of
said MORTGAGEE, without notke or demand, wit at law or in equiry, therefore w lhere+fter be9~en, may b~.proiecvt~d as if _all morwyt s~wr~d h~?eby
had maturad priw ro in iratitvtion. . • •
7. Thst in th~ event that at the begion~ng of or at aoy time pending ~ny svit upon this Mwtpipe~ ot fb_ fpedos~ N, w to nform it, w to Mfora
~uww~a~t ni awv rlai.na I,....,.u1or. u~ l111[)QT[SA('.Ff ahall arv~lv en tlr !'ervt Fu~vinn uviat/'.Mid~ flrr~nf fnt f~ ~~neeiMnrnf of a R~CrivM. ri[1~ Ceurt a1~a11
Forthwith sppant a receiver of said mortgaged property all ~nd singul~r, includ~ng all ard singular th~ ir~Lbnk, proiiri, Nw~s.and;i~renws fran wMt~ver
source derived, eath ~nd every of whKh, i~ beirg expreuly unders~ood, is F+ereby mor~gaged ss if apetifically wt fwth ~nd ~ctiWd N1 tht pr~r?ting snd
habendwn clavses hereof, and such Receiver shall have ~11 th~ kxoad and ~fflctive fvnctans +nd powea in anywiss e~trusted by ~ Covft fo a Receiver. ~nd
such appointment sha11 be mede by svch Court ps an admitted equity and e matter of absolute rght w said NIORTGAGEE. and without r~ference to tM
adequ~cy or inadequacy of the wloe of tl+t propery mwtgsged w to the wtvency w insolve~cy of a~id NWRTGAGOR or the dtfendants, and that wch
renn, p?ofits, income, issues and reYUwes shall be appleed by such Receivsr ~ccad~np to the lien or equity of ~aW MORTCs11GEE ~rd tM practiu of such
Court. .
8. To d~lY. P~~^P~~Y and fully pe?form, d~uharge. e:ecuro: ef~ect, a'^'pkre: m~n~lY with ~nd a6ide by e,th ~nd ~vNy ths stipulatians. +4~eemenh,
conditions and tovenanti in said promissory note and this mwtysge set fwth.
9. ?hat in the eveM the owrtenhip of the nwrtgsged premises, o? any paH thereof, becornes vested in s perwn otlw~ tMn th~ MORTCsAGOR, th~
MORTGAGEE, iti successon and assigns, may, without notice to the MORTGAOR, deal with such svctessor p wuasor in interest with reference to this
mortgage and the debt hereby secured in the same manner as with Mortgsgor without in any way vitiati~g ot distha~yirg fhe Mwtyspas' liibilify M??
under w upon the debt hereby secured. No sale of tha premises hereby mortgsged and no fwbesr~oce on tM p+h of 1hs MORTGAGEE w iq wasssors
w+uigns snd no exttnsion of the time {or die p~yment of the debt hereby secured given by the MORTGAGEE a its suco~ssors a utigns, sl++ll operat~
to reieasq discFwrge, modify change w sffect the original lisbility of the MORTGAGOR herein, sither io whol~ or in put.
10. It B. specifically agreed ~hat time is of the essa+ce of t6a contract and that no waiwr of ~ny obliQ~tion herevnder w of t!w obliyation ~
cwed hersby ~11 at any time thereafter be heW to be • waiver of the terms hereoi or of the instrument tecwed herby.
11. In addition to thc forego:~g monthfy payments of print'pal and iMerest required by the promisswy note sec~red hereby, mottysgot tovenantt
and agrees to pay to mortgagee with each month~y payment an addirional sum estimated by mwtgsgce to be eqwl to 1/12 of the annual oost of fhe fo1{ow-
'ng:
A-All real property taxes levird or assessed against the above desuibed real es~ate.
B-Premiums on fire and windstotm insurance as herein requJed to be tarried on the im~xovements sitwte on the ~bovt destribed premiMS_
C-Premiums on such mortgage gvaranty insurar.ce as mortgagee shall from time to time deem fit fo urry on th~ ban secured hereby.
I Mortgsgee shall from time to time notify mongagor in writing of the arnouM due and payable hereunder a~d suth wm shall thercupon b~ d~e and
~ payabk on the d~e date of the ne:t monthly payment and each svccessive month theroeher until mortgapee thall notify mortgsgw of ; chanpe in wch
i amount. Such sums shall be apptied by mortgagee toward the payment of real Property ta~ces, inwwnce premEwns, snd mwfgaye ywranty imwance
~ p.emiums.
I ;IN WITNE55 REOF, the id MORTGAGOR has hereunto set his hand ~nd seat tha day and year fint afwesaid.
~ , deli in the presencs of: n esE'~; iiDEO
~ f1~E~~ y-t.~~~ r F~a. .~~-,L ~ .~Hn
ST•tu -:~as San-Teh I.iu a in 1 adu q
~ ~ C~ £ ; - C01lRj ~ • ~ ' ~ '~.~,u- (5n
~
~ PFr,~~~: H. H. Chiu Liu , a sinale adaalt
~ STATE OF RORIOA npj Z {V 33
~ ~N
courm of St. Lucie
San-Teh I.iu, a si.ngle adult
Befwe me perwnal-lY appeared and
H. ~ CZ! i~ I. i~~ ~ a g ~ r~ 1 s ~ri ~'1 t h!i 1Afl, to rr» well known and known to nK b b~
rhe individwb described in and who executed the foreyoirg instrument, and acknowkdged btfon ms that tMy executed ths sart» fw tM purpw~s
therein expressed. Ani3~ti~+s:d
w:f~ ~i. ~ ~airl. uperr'~ wPw~A~'7~~ }~MI~
e~awwwtiow ~ wN ~aksn•»p~~t~ ~wd- ~r~ irww i~w a«d~ 1ww~swdr +dc~o+~lergei ~o~wi i~fwa ww ~F~1~r we~wt~i Mid~iwNrwwewt~edp ~~Iww
rarily.awi wit~t,.aoy ioa~ntaio~~.~rr~raint,-a"r~t»n~:~a. few-of-0r irv~Jw ~eid.Fw~barr.
~ WITNESS my h~nd end official seal thi• day of Septeaber p. 19 75
s
a
~ Notary Public in and for ih~ b of Fbrida at L~rg~
Return To: My ~°~runission ~xpiress , ~ ~ • ~Of 4 .
~ Firsf Federsl Savings a Loan Association i
Of Fort Pierce. {
~ Fort Pierce. Flaida \ ~~,•~~!~~ftf;f~I'I~ .
' ,
~ ! ~ j~...l.~., b' ii
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~i/,•~N ~Y~:~~~/
Th~s Instrument Prepared By Robezt A. Swisher Jr. ~~,~9n d~._-
First Federal Savings ~ Loan Association ~ - ;tj,G:?:~ ~ " _
- :~:z. ' :.v-
of Fort Pierce Rlorida 33450 " • - . 'p r
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Checked 8y ~ - p A : L~?.~.
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