HomeMy WebLinkAbout2010 To plic~ ~nd contiouousy k~ep on tM buildinp~ oow or M.NftK ~itw~~ a? said land and on ~11 aquipm~nt and paso~dly cove~~d by thia mortp~
p~, wlth all prlmium~ IMrson paid in full, fih inturanc~ in ths ususl ~tanda~d polity fam, i~ •~wn ~pprowd by IM MORTGAGEE, a~ wi~torm
imw~+q {n tM uwai sundard poi;cy fam, in • sum apprwsd by th~ A~WRTOAGEE. in wch tanp~nY w oompaniN q tM MORTGAGEE may j
d~r~ct~ ~nd aH tk~ ~nd w~ndia~m in~v.anc~ policie~ a+ ~ny oi iaM bu~Wiep~, ~f1y I~1fHMt fF?f~fM 01 p~fl IMNt~O~. in ih~ ayprs9~~~ wn+ ~faessid a 3
in ~xcws tMrwl. ahall contain Ihs uswl ~tandud ma~9spN cl~we o? such otMr claus~ a tM MatypN may ~eqvu~. makinp 11w lou und~r aid poiF
~'a• +^d ~~Y. awb~• b++~d ~MORTGAGEE n in imaest may ~ppw~, and e~ch and way tuth policy shall i» promptly ps.yn~d ar+d d~1ivN~d so
~ny MW by wid MORfGAGEE a furthN security to ~aid mortpay~ d~bt, ~nd. ~?or Isa tF?~n t~? p0) days io ~dvanu of ~h~ ~xpir~tion of sach policy. ro dr
I;ver to said MORTGAGEE a ra+ew+t thsrwt, top~tMr wirh ~ recs+pt fo~ the p~smivn? of such rr~ewNj and ~Mn shall b~ no Rn a wind~~am k~wrana
plaad on ~ny of said bvildirgs, ~~y i~terpt tha~i~ w p+rt tM~wf, unl~y~ in ths form ~nd wi~f? th~ lois pay~bk i~OffH~) and (n Ih~ ~v~nt ~ny w~
of mon~y b~con,~s pay+ble under such poUcy w policies ~a~d MORTGAGEE •han hav. ~M opr~a, ro reos+w snd appty tAe sune on acoount of tM M~debtad~
nes~ ~etwsd Mttby o~ to permit sald MpRiGAGORS to rK~iw +nd uN it a~~y part thereof la other purpos~s. wi~hout thereb/ waiving w~mpai~- '
iny any puiry. lien a riyht unde~ or by vi~tue of this mortqapst Md in IM ~v~nt ~a~d MORTGAGORS shall tor ~ny r~asa~ f~il ro k~ep tM a~d premisa a
insur~d, w f~it to detiwr prompNy a~y of s~id policie~ ot ensursrx~ to s~;d MORiGAGEE. w fail p?omptly 1o pay tulty ar~y pr~mium therefw w k? ~ny .
reaped f•il b patam, d~uharga, execut~, effect, complete, comply with ~nd abld~ by this mve~+ant, w any pari Mrwf. s+id MORTGAGEE may plate ~nd
pey fa cuch iewvrancs o~ any part thereof wirhout w~ivinp or affxtinp ~~y optiorr, la~+, equ~ty, or .ipM u~der a by vbtw o( ~his Matysq~, ~nd ths
f„11 ~moum of each and ~v~ry such payment shall be irrunediataly dw and payabfe a?+d sha~l bear intaeit f~om tM dN~ thsreoi un~il paid at tl?~ ~ak of
n~ne per centum par annum ind tagether with such i~ter@af shal{ be secured by fhe lien of Ihis mortgape.
1. To pamif, cwnm~t or auffer ~o wu~~, impaument or dett~iw~tion of s~id property or any pWt ths~wf. ~
S. To pay all s~d ~ng~lu tM coats, cha?yes and expa+se~, uxludi~p a reasonsbl~ artwney'~ fee u?d cosri ot sbitracts of titl~, incwrd a p~id ~t
any time by said MORTGAGfE, becaust or i~ tM eva+t o) the failun ot1 1he part of tM said MpRTGAGOR to duly, prunptly ~nd fully psrtorm, discM~gR,
execut~, e(fea. complete. comply with and ~b~de by ~sch and every the stipulatwns, agreem~~ts. conditiaa. cova+unn of s.id promiuay no~• •nd ~hi~
moregage any or either, and sa~d cos~s, ch+rges ind expenses, each snd evKy, sMll bs iRU.~ediately dve and pay~bl~: whetMr w not ther~ be notiu da '
mand, att~mpt to collecl or wi~ pe~dingt ar+d ti~e fufl amount of exh and evsry svch payment sMll bssr interesi from ~fK da?s ther~of until pa(d ~t tht
rate of nine per centum ~,er a~uwm; and a!i aaid a,sts, cM~ges and expenset incurrcd w paid, IoQ~~her with such imtresl, ahall b~ tet~red by ths Iw~ of thN
mortpaQa.
6. That (s) in ~he evant of sny breach of th~s Natgage w defautt on the pan o( the N40RTGAGOR, or (b) in the event +ny of said svms of mo~ey
herein referr~d to not prompfty and fully paid wi~hin Ihirty (30) days next after the same ievsially beco+n~ dus ~r1d piy~bll, vyitlqYl fIlAYtKI p ~1ptiCf.
or (c) in ~M evem ea:h and every ths itipulataro. agreeme~t~. cond~tions and covensnes of is~d prom~uay note a~d this matp~pe u~y or ~i~hH ~re nd
iuly, promptly and fully performed, discMrged, executed. effected, completed. compGed w~th and abidcd by. Ihen i~ e~iher or ~ny such evsnt fhe iaid a~
gregate ~vm mentaned I~ said promissory nofe then remaininp unpsid, wiM i~teros~ a~crued. end ail moneyi ~e~cured hsreby, sh~ll b~coen~ dw ar~d p~y~
able forthwilly w thereafter, at the option of said MORiGAGEE, ~s fully and completely as i1 all of the said wms of nwnty we~e er;giruNy s~iputa~ed
to be peid o~ wch day, anything i~ sa:d promissory note w In thia Mortgage to the conrrary notwithstindirg; ~nd thereupon w thcreaher at M~e optio~ of
said MORTGAGEE, without notice o~ demand, tuit at law ot i~ eq~ity, lherefwe or thereatter beyun, may be pros~twed ss if dl ma~sys secur~d hK~by
had matwed prwr fa ib inititution.
7. That in the event that at Ihe beginning of ar at any time pendiny ~ny su+t upo~ thei Mortgage, a to forKlo~s h, or 1O ?efotm it, Ot to MfOtC~
payme~t of a~y clsims F?ereunder. said MORTGAGEE sMll appFy to Ihe Court Mving jurisdiction thereof fw the s{tpointmu~t of ~ R~teive~, suth Cwrt th~ll
for~fiwith appoint a receiver of said mo?tgaged property all and :ingvlar, includ~ng all and singular th~ i~com~, pro(its, tuvy and nrsau~s from whaf~vK
:curce de~ivetl, each snd every of wh;ch, it be~ng sxpreuly understood, is hereby mortgaged af it spec~fic~lly set torth ~nd dauibed ie~ tM ~antinp ~nd
hibendum clsusrs hereof, a~d such Rrceiver sliall have ~If Ihe Moad a~d eifective funct~ons and powers in ~nywiu ennusted by • Cowl to a Rece"rver, and
s~ch appoiatment shall be made by such Court ~s a~ admitted equity a~nd a matte? of absolute righ/ fo said NIORTGAGEE, snd wilhout referenct to tM
adequacy a inadequacy of the value of the property mw~gaged or to the so~vency w;nso?vency of said MORTGAGOR or the defendann, ~nd that such
~e~~~s, profih, income, iswes and revenues sha11 be applied by s~+cF~ Receiver accwd~ng to the lien a puity of wid MOitTGAGfE ar~d fhe proctice of wch
Court.
8. To dufy, promp~Iy and fully perform, dscharge, execute, effect, complete, comply with ~nd abide by each u~d every the stip~lations, apreemenb,
conditioro and covr~ants ~n sa~d promisswy note and ~his morigage set fath.
9. 7hat in the event ihe owrurship of the mortgaged premises, or arry part tlxreof, beconnp vesfed in a person other fhan fhe MQrtTGAGOR, the
MORIGAGEE, its svcceuws and ass:gns, may, w~~hout notice to the MORTGAGR, deal w~th such wccessw a successor in interast with reference ro Ihis
mortgsge e~d tFue deb~ hc~eby secured in the same mannet as with Mortgagor without i~ a~y way vitiating or dixharping tha Mortyagors' (iability he~e-
under or upon the debt hereby secured. No tsle of rhe p~emiacs hereby morfgaged arrd no forbearanos on tM part of the,1NORTGAGEE a its succeuors
or assigns and no extens+on of the time fw the payment of the debt hereby setured given by the MORIGAGEE w its wcc~ssors or assip~?s, ah~ll operate
ro release, distfiarge, modify thsnge or affect the originsl liability of the MOltTGAGOR hcre'M, tither in whole or in part.
10. It is spec~fiwtty agreed that lime is of the rssence of thia contrsct a~d that no waive~ of ayr obligstion Mreunder d~r of fM obtipatial se-
cured hareby shall at •ny time rhercafie. be held to be s waive~ oi the terms hereof or of the instrument sea?red herby.
11. In add~tion to the fo?ego'ng momhty paym~nts of prir.c'pat and ioterest required by 1Fx promissory rate ie[ured hereby, mortgagor covensnri
and agrees to pay to mortgagee with each monthly payrnent an add~rio~at sum estimated by mortgsgee to be equa! 10 1/!2 of the annval cosf of the follow-
Ing: .
A-All real property taxrs tevied or assessed against thc aoove dexribed real estate. •
~
B-Prem;ums on fire and windstonn ~nsurance as here~n requ~red to be carried on the ~mprovements sifuate on the above dtstribed prertiises,
C-Premiums on such mortgage guaranty inswar~ce as mortgagee shait trom t;me 1o time deem fit to tarry on the lo,~n setvrtd he~eby.
Morrgagee :ha~! lrom time ro ?;me noHiy mor~gagor in w~it;ng af the amount due and paysbie I+Neunder and such sum ahall thereupon be due snd
c;ayable on the due date of the next month!y payment snd each successive month thereatte~ until mortyagee shall notify mortgagw of a chanye in wth
a^~ount. Such sums shail be appfied by mortgagee toward the payment of real property taaes, insurar~ce p~tm:wns, snd mqtgags guarsnty inwr~nce
c,remiumi.
fN ~YITNE55 WHEREOF, the sa~d MORTGAGOR has hereunto set his hand and seal the day r fin aforesaid.
Signed, aled and delivered in th presence of: !
_ E~~~. r . w
si_ : ~::~n ~i~.
- ; ic~,_ -;:-tas
C~£..i . :'~;T COtlRt ~
ar~r_ t -.c~.
re~~
STATE OF FlOR10A 19 n~ '1 ~ 32~~35
cour~nr oF St . Luc ie u-
Befwe me personaily appeared John T. w~(~IOD~ 8 gfltg'le 8t~111ti~
to ms well known and known fo me M be
the individual desuibed in and who exetuted the foregoing instrument, and ackrwwtedged before ms Hwt he execwed the same fw the purposes
rherein ezpressed.
XJ~lC
xX.aF~f~GaG1G~GitifylC ~K~~~x~~~~+1~'~?fX#~ii~A~i~i~4#A~~QL~IIAGiO~
WIiNE55 my hand ar?d offic7a! seal this_ _~y o{ November A. D. 19 75
ary ublic in nd iw t State of Florida ~t lar9s
My Commiu" enpires: ~
Retur~ To:
First Federal Sa~~ngs 3 loan Associat]on H~jA~iY F'1'~~~~., ~~h=c ~f fCORlDA at IAKGE ~
Of Fort P~erce. MY E=`!':S JAN. 7. 1977
burw~t tsj nri,~c~wr~ wc,~acs l:+~uranco ~q
Fott Pierce, Florida
.:t j y ~~~.j
NJ ¢~'/.r
. , ~ ~Li
This instrument Prepared 6y R1Chal[d K. Kayes s' -
Firsi Federa! Savings dk loan Assotiation C' ~i"'
of Fort Pierce r~
w
, Rlorida ~/jjf~)~ _ ; ~ : r: :
VW/~~ ¦ % f~.~~~ 1M11 . ~ ~
Checked By ~ . ' _ , ,.-~s.• ~
~s'•• ~
~~••.....•..4~, ;
~'i. 'r•.. r ~ r'. -^s.
~''~:.~;A~ r
, . . .
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