HomeMy WebLinkAbout0295 To plaa and continuovsly ke~p on ~M buildinp~ eow w Mnafr~? Nwu~ oe ~aW land and on all puipm~nt u~d pM~lly cowr~d by Nds matp~
pw wi~h ~II pr~miwn~ tF~wn paid in full. fk~ inaur~nu in ~M ~nwt ~tandud policy tam. M~ t~~n ~pprowd by Ih~ MORiGAGEE. ~nd wi~twn~
tmw~ in ~M uwai uanda.d poi~cy fa~, in a wm approv~d by tM MORTGACsEE, M wch oanpany o~ oo~nPw?iN a tM MORTG/1GEE may
difKlj and ~11 fin and wind~arm inwrano~ polkiu on ~ny OI Nid bHIWi~1p{. tl1Y 1f1N~f~t fF1MtN1 M pi/1 II1HW~. In ~h~ +yp~pu~ wm ~fa~ald a
M ucau 1hKwf, shall cont~in tM uwal ~and~rd mort9a~ c1auN a wch wlwr c1auN p tM Mort~aqN n?~y rpda~. makinp ~M low u~ uid polF .ur-.
ci.~. .ach u~d ~v.ry. paYabt~ a safd MORTGAGEE a in inrKa~ n+ay app.ar, and ~ach ~nd ~wry ~uch polity atull be promptly qs•y~d and d~liw.ad ro~=
~ny h~W by faid MORTGAGfE as fwrhN secvrity to uid mwtp~ d~bt, and. nof 1~ tiwn t~n (10) days in adwnca of ~hs ~xpGation of ~ach policy, ~o d?
IivN to s~id NWkTGAGEE ~ nnewal tM~wf, ro~dwr with ~ nceipt fw tM pnmiwn of wch ~~walj and ~Mr~ shall M no fire a windaam Iniuranc~
plac+d on ~ny of aid buiWinps, af1Y If11HMf 1IIHNf1 Of pift fF1t~lOI, w+less In tlw fo.m and with tM bu payabk ~s a(a~sdj and le ~M ~v~nt ~ny swn'
of nqn~r becwnM paYabl~ w~dN such polky w policia saW MORTGAGEE ~MII h~w th~ opGO~ to ncsiw ~nd apply th~ s~rn~ on +ccount oi tM ind~bt~
nns acur~d l~~by or b pKmit ~sid INORTGAGORS to naiw and u~ N a~oy pkt tMrwf fo. ottm purposes, w~~hout th.reb~ waivi~g a r+.pair• -
inp ~ny p~iy, li~n or ri~ht w+dN a by virtw oi tAis matyapq and in tM ~vMt uid MORTGAGORS shall for ~ny r~ason f~il to kt~p tM aid prN++isa w
inwred, w tail 1o delivK prompfly aey of MW ~10litif! Of I~IiYf~fK~ ro uid MORTGAGEE. or f~il promptly lo pay fully any pr~mium ther~for a i~ ~ny.
r~ipM fall b pKfwen, discharp~, ~xeeut~, ~fhN, tompl~te, oomply with ~nd abid~ by fhts oovtnu?1, or a~y part Mrwf, uid MORTGAGEE may plae~ and
paY fw weh ie?wrae?q w ~ny parf Ih~rwf withovt w~hrinp or ~Hat1M+p any option, (iM, ~ity, or riqht unda o~ by virtw of thi~ Maty~t. ~nd tM ' r
futl ~ot of ~ach ~nd wKy wch payment sh~ll b~ imrt~ediddy dw ~od pyabb u+d sMll bw intKpt from tM dat~ thereof umil paid at tM raq ot ;
nin~ prr t~ntwn pN a~num a~d logt~her with wch lntKe~t sh~ll b~ ~cur~d by tM li~n of this mwtqaQ~.
1. To permit, comnd~ w wff~r no wast~. impairment or deteria~tion of wW prope~ty a ~ny part thereof.
S. To pay all .nd ~irgutar ~Fr cosn, d?upes ~nd ~xpMSew indudinp a nason~bb ~ttaray's fN and wi?a of abstr~cts of ~itl~, incurr~d a paid a~
any tims by qW MORTGAGEE, b~ca~?s~ or io tM ~wr~t of the (ulwe on 1M p+h of tM a~id NWRTGAGOR to duly. pae~ptly. and fully perform, d~~ch+~qR
execut~, effect, compl~q, comply w~th and ~b~e by sach and w~ry the ~tipulatiom, ~pra+menq„ ca+ditiona. +nd cown+n~s of uid p~omissory note and thi~
matyap~ ~r?y or ~i~Mr. and ~aid cosN, charpq ~nd expsnses. tath ~~+d ~vKy, sMll be ienm~diat~ly dw ~nd payabl+: wheti+er or no? ther~ bt notiu ds
mand, ~ttempt to collect or wit pe~di~+yj;~d tM full amount of ~ach ~nd ewry wch paymsnt ahall bea? imer~s~ from th~ dat~ IF?e~eot until p~id ~t the ~
raa of ~iM per c~ntum par arnw+ry ~nd ~II said cosn, chu~es and e:p~nses incurred w paid, te~~~her with such intersst, sMll bt a~cwed by the li~r? of thw
mortp+y~.'
6, iMt in ihi dvent of sny (x~xh of thb Nbrtyays a default on tfr p+rt of ths MORTGAGOR, a(b) in th~ ~vent ~ny of said ~vms of mon~y
hereie rofened b be rat prompdy ~nd fvlly paid wilhin thirty (30) d~ys ntxl ~fta IM sarn~ severally betans due ~nd payabk. without dem+nd o~ notice,
o? W fn th~ ew~r e~ch and ewry tM stip~latiom, agr~em~nn, condi~ions a~d covM+nn of sa~d promiuwy no~s and thti mort9ay~ any a eiU+er are na
iuly, promptly ~nd fully p~rfo?md, disch~rged. ~xecvted, ~tfechd, compt~ted, complwd whh erid ~bided by. tMn in ~ither a ~ny such event tM said ap~
prs9at~ sum m~ntioned in said promiuory note then r~msininp unpaid, with imerest acuwd, ~nd ~It mor~eya secur~d hereby, sh~l1 becom~ dw and pari
able fathwith, a tMreafter, at tM option of said MORTGAGEE, u fvly ~nd completely as if all of tM said svms of monsy were or~ginally itiputated
to be paid on such day, anythirg in said promissory ~ot~ a in ~hts Morroa~. ro ~he conu~ry nonai~hs~andinp; and Ihereupon or thereafte~ af the op~io~ of
said MORTGAGEE, witFaut ratic~ a demand, suit at law w in puity, the.~fwe or there~f~er be9vn, m~r be proaecuted ai if ~II moneys sscvred hereby
had matuted prior fo iri institution.
7. TMt in tM we~t that at the beginntng of or ~t sny tim~ peediny ~ny wit upon this Mwtgage, or w faectose h, w to reform it, or ro enforce
paymem of any daims Mreunder, said MORTGAGEE ihall apply to t!w Couh havinp jw~sdid'an tiwreof fa the ~ppointment of ~ Receiver, such Cou.t ihall
fathwith sppoint ~ roceiver of uid mort9aged property all u~d sirqulu, inctud~np all snd sinpulu ths income, profits, issu~s snd rovenues from whatever
source derived, each and ~very of whKh, it beinp ~xpreuy und~rstood, p her~by mwtga9ed as if specifiully sN forth snd desuibed in the prMring and
habe~dum clauses hereof, and wch Receiver ~N haw all the boad and effectiw funct~om and povrsrs in ~nywise entrusted by a Court to a Receiver, and
•uch appantment sMll be made by wch Cowt as an admitted equity ~nd a m+na of absolute riyht to said MORTGAGEE, ~nd without reference to ths
adequscy or inad~q~scy of ths valus of ~he props~ty mor~ya~ed or ro tM wNe~xy or ieaol~r~ncy of said MORTGAGOR or the defendantt, and thaf iuch
rems, profits, income, awe~ ~~d revenvss sMll bt applied by such Reuiver accordinQ to tM lien or equity of said MORTGAGEE and the practice of such
CouA.
6. To dvty, promptly and fully perform, dischary~, execute, effect, compkte, tomply with snd abide by each and every the stiputations, agreemeMS,
condltam snd covenants in said promissory note and this mwtyspe ~t forth.
9. That in the evem tl+s owncnhip of the mo~tgsged premEses, a any psrt thereof, becomes yeated in ~ person otF~e~ thsn the MORTGAGOR, ths
MORTGAGEE, iri svccesson and ~uiym, rr~sy, without notice fo Ihe MORTGAOR, dcal with such succesaw w successo~ in interes~ with reference to this
mwt9age and the debt hereby secur~d in the s+me manne~ as w~~h Mortqs9or w~thout In any way vifiatinp w d~xharg~ny the Mortysgors' liabitity hera
unde~ a upon ~he dcbt hsreby secured. No sab of the premises hereby mwt9sged snd ~o fwbtarance on the psn of tM MORTGAGEE or its successon
or ~uiyra and no euension of th~ time fw the payment of ths debe henby secwed yiven by the MORTGAGEE a its ~uuesu~s or au~gns, shall opcrats
ro relsass, dixharye, modify change w affect tAi ~ tstiyin~l Gsbiliry of th~ MORTGAGOR hKe~, ~bl~~ in whole or in part.
10. (t b specifically apreed tAat time is~of the essence of tkis eoM~act ~nd that no waiw of a~y eblipation hereunder M of the oblgaYan se-
cwed~ hv~by thall at any ti~ ~he~uher bs held ~o be ~ waiver • of ths tearr henof or of tM instnx~ent secwed harby
11. In addtion to ~hs forege~:ng mo~thlY paYmcnts of princ:pil ~nd int~est ~equired by the prom~ssory nole secwed herebyr mor~gagor covenants
and agrees to pay to mortgagee with each monthly payment an add~iwoal svm estimated by mort9agee to be equal to 1/12 of the annual cost of the follow-
ing:
A-AU real property taxes kvied w sssessed against the above desvibed ~esl est+te.
B-Aremi~ms on firo and windstorm ihs~rance as hereln requ~red fo be urried on the improveenenlf titwtt on NN above deicrlbed premises.
C-Pfemiums on wch mort9ags 9usrenty iraurar~ ai mortysge~ ah+ll from time'to tLoe.deem fit tp nrry on the bsn secwed hereby.
Mwtg+g~e shall from time ro tims notif~ tnwtgaQor in writing of ths an+ovm due arld psy~ble ~eupder and such sum shall thereupon be due and
payabk on the due date of the next monthly payment and each wccessive month tlxre~fter until morfgagee shall ~otify mortgagor of a change i~ such
amount. Such sums shall be applied by mortgagee toward the payment of real property taxes, imutante prem:ums, and mort9age guaranty ins~rance
. premivms. .
fN WITNESS WHEREOF, the said 1NORTGAGOR has hereunto ~et Fus hand and seal the day ad year nt afw .
Sgned, Saled and delivered in the presence of:
F11E0 FF~ORDED /
ST.IUCiE •-O~:NTI! FLA. e a so 89 . a~
j RO,c~t p;,~'RAS •9
~ • c~r i 'u!' CBURT ~
~ - ,Q RFcc~ _ ` n
, ~
i , T.. K"~
~ S,~ Of FLORIDA a~i ~3 l0 i3 aH ~~5
# ~ cour~r,? of st , r.uc ie ,
~ Before me personally.~~~a xPn Dru~aond~ a ain~le adul~ also knosm as Ken~A~h~L.
s ~i.,~rifh to m. we~~ known .na knoMm to m. ro b.'
f the tndividual described in and who execvted the foreywnp instrument, and ~clcnowled~sd b~fore mt that M~xecuted the sams for tM pwposes
~ fhereitl expreS~ed. ~1w~ 11~s ~~f- ~ ~ ~ - ~ ~ ~ ~ ~ ~ ~ ~ ~ ~
~ wif~-oi.IM~wd~~~•~~~~ ~ ~fYsl~rwM!'M~~eiv~p .
a
~ ~a.,:,.woo ~r «+~.~.wp.~+e~,peR ~reNr tier sa~ Itirsb~n~ .du~o..t~~ ~o..od. e.tor~.. ~1w.aL...x.wr.d «~-t~a~.M ~w.~rar~ ~wr
s rar:l~ ani.a+wars-an~?ao~rlaiowr~o~ch~w~?,~sppralias7ew, ~ fea-of -or 4renr Aer s~kl~#~vibwdr
~ WITNESS my h~nd u?d offitial seal thit 218t ~y tober A. D. 19 75
~
a
~
; ~ ~ry Public in ~nd fo~ tM Stah of Fbrida at Larp~
~ y Comm~ssioe ~~cpirea:
Retvm To: . . - Noiory fvb~k 3MM o'~ 1'~~ ~~~N
; Pint Feder+l Savirgs 3 loan Associa!ion Mr Cewwiwie~ f~pins Apei) 1S, 1l7~
~ Of Fort P~erce_ ~p~d~d by Am~titan Rn i Cowrolt~? C~
fo~t Pierce, Florida .
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` This Instrument Prepared By J. Hal Aobert s~ J r. ~
~ Firat Federal Savings ~ loan ~loritda~ 33450 ~ ,•1~~~,'•I-
of Fort Pierc4 ` . .
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§ Checked By • D P ' y . '
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