HomeMy WebLinkAbout0453 3. TO pIK~ ~nt~ con~in~ously ke~p on tM bv~'d~ng~ naw a Mr~afttr ~itvat~ oe~ saW I~nd ~nd on all eqviprn~nl ~nd p~nonally covN~d by ~hi~ ma~
p~, with ~Il prtmium~ ther~ pa;d i~ (vll, firt i~sur~nce i~ 1M ~sual ~r~~da~d polisy fam, in • tum ~pprov~d by IM MORiGAGEE, ~nd wir~dslorrn
iewranc~ in tM uiwl ~undird pol:cy fam, fn a sum approv~d by ~F?~ MORT(3AGEE, ie such canpany a compa~ w 1M N10kTGACsEE may
difKlj ~nd ~II tir~ u~d windstora? insurona policiei on ~ny of uid buildu+p~, ~ny int~~~~~ tMr~in or p~~t tMr~ol, i~ ~I» pqrpat~ wm afae~aid o?
In ~xeeu IFNrp~. tMll com~in tl+~ uwal itandard mor~p~ clavs~ u sexh othK clavw a tM Mort~apN m~y rpvu~. makinp th~ lou ur~de~ u~d polb
ci~s. ~~ch u+d ~vHy. paYabl~ to iaid MORTGAGEE iH interat maY +pp~ar. ~nd ~ach and swry ~ucA policy ~hall b~ promptly ~~s.p~xd ~nd d~livKed ~o {
+ny Mld by sud MORTGAGEE ai (w~her secVrity to said mwtya~~ d~bl, ~nd, not I~~s ~han t~~ (10) d~ys in adv~.~c~ of tt» ~xpir~tion ot fKA PpliCy. fo d~- i
IivN ~o s~id MORTGAGEE a.enewal thereof, rop~~her with • r~cr~p~ for tM premium of ~uch ~fMW~lj ~nd tMr~ shall b~ no f~n a w7nd~~am inaurN+c~ '
pl~c~d on ~nr of u~d tuild~nps, any iroereit the~e~n a pa~~ therw(, unksi in tl+~ form and with tM lou payabl~ afor~id~ and i~ tM evtnl ~ny ~um
of ma~ey beconNa pays~t~ ~r~r such poHcy or policie~ taid MORiGAGEE shall haw ~M option to receiv~ and apply tM sam~ on ~aount o( th~ i~+d~bted "
n~u sttw~d Mreby w ro permit said MpRTGAGORS lo reteiw ~nd us~ it a any pa~t thereof Iw other pwpo~es, wi~Mut tha~b/ waivir~q or anpair-
inp any pv~ty, I~en w righl under or by vi~tw of this mortpays; ~nd in tM ~vent said MORTGAGORS sMll tw ~ny f~liOfl ~~II f0 IIflp 1M Nid PfMllfft !O
iruw~d, or fall to d~liver prompdy eny of said policiet of insvr~nc~ to aid MORTGAGEE, or tail promptly to pay fully aoy pnmium tMr~fot a in ~~y
nspeN fail ro p~+fwm, d~xha~ge, ~xecute, ~ffect, complete, comply with and abids by thif cove~snt, o. •~y Pa.~ h...of, sald MORTGAGEE may pl~a •~+d ,
p+Y fa ~uch Insv~enc~ w~ny parl lhereof withoul waivin~ or affectirp sny option. li~n, eqvity. w ri9ht under a by vl~tw of this Mort9~pt, end the ~
fu11 amount oi each ~nd ~v~ry i~ch payrnent sMll b~ immedlately dw ~~d payabte and ihall bea int~rest (ran tM d~t~ thereof ~ntil paid at tM rat~ ol
nine per ce~tum per annum and togetha? with suth interest shall be secured by 1M (ie~ of Ihi~ mprl~aye,
1. To permit, commit a wFfe? no waste, impairment or deteriorstion of said p~operty w any parl thoreof.
S. To pay all and sinqutu ~he cosn, charqes u~d ~xpense~, includinp a r~aionable sttwnsy's f~e s~d w~ts of abat~~cts of tiNe, incv?r~d w paid ~t
any time by aid MORTGAGEE, becaus~ or in ths svem of rha fsilure a+ ~he p+~t of 1M uid MORTGAGOR w duly, promptly and fully pe~iorm, d;uMr9~,
sxecwe, efiect, complcte, comply wi~h a~d ab,de by sach a~d every tF+e itipulahona, ~greart~enn, conditions, and oow~a~ts of s~id promiuory not~ ~nd thN ~
mortyaps ~ny or either. and sa~d cos?s, cha~ge~ ~nd expen~es, each end every. shall b~ immtdiatety dw and payabler wMther p not tMn b~ no~ia ds r
rnand, aftempl to colkct or suit pend~ng; and ths full amovnt of esch •nd'eve~y s~ch payment ih+lt bear inte~eu from IM datt thereof uc~ti) p~id ~t the
rate ol nine per centum per em~um; and all said toats, charges ~nd expenscs inturred or paid, Iogetlxr w~th suth interpt, ~hal) b~ sKVred by tM li~n of tha
morlpap~. -
6. That (s) in the event of any breach of thii Nbrtgaye or default on the part of the MpRTGAGpR, w(b) in fh~ went any of sa~d tums ot nwrwy
herein referred to be not paomptly and tutly paid within th~rty (30) days nexf efter 1he same teverally betome dw ~nd payabk. without dema~d ot eqlite,
or (c) in ~hs event each and every the sripulations, agnementt, conditiorn snd coven~nts of sa~d psomiuory nots u~d th~s morlp~ any p tither an nof
iuly, p.omptly ar+d fuliy psrfwmed, dixharged, ezecuted, ~ffected, completed, complied with and abided by, tF~n in eifher or ~~y ~uch swm tM said ap~
pregat~ sum mentioned in said promiss«y note thcn rema+ning unpaid, with iMerest xcrued, and all moneys seturtd Far~by, sMlt become dw ~nd pay.
able fathwith, or Ihcreafter, et the op~~on ot seid MORTGAGEE, as tvlly and complerely as it all of the wid sums of mon~y were aipin~tly s~ipvlated
to be pa~d on such day, anythi~g in sa:d promisswy rate or in this AAortgage to the contrary notwithstanding; snd tlrorevpon p thertafta ~t Ihe op~ion of
~aid MORTGAGEE, wifhout notice a demarxi, suit at law w in equ~ty, thereEwe or thereafta begun, may be prosecuted a if all mon~ys ~ec~red hareby
had matured pnw to ds institution. _
7. That in the event that at the beginning of ot at any time per~ding any s~it upon this Matgage, a to loredos~ it, pr }p re{orm it, o? fo enlwp
payment of ~ny claims hcreunder, said MORTGAGEE sha11 ~pply ~o ~he Coun hav~n9 jur~sd~a~on ~hcreof for fM ~ppantment af a Rectiw?, avd~ CovM ihail -
forthwith appoint a~eceivrr of said mwtgaged property all and singvtar, i~clud~ng all and aingular the incorrw, profits, Iswp ~r~1 rtJ~nves f~om wMtever
wuru derived, eath and every of wh~ch, it being expressly u~dcrstood, is hereby mortgsged as ii spetificaFly aet fotth ~nd de~uibed in tFK p?aMirg snd
habendum tlauses hereoi, and ~uch Receiver fhall have all the broad and effeaive funct~o~s and powers in a~ywite erpruttsd by a Covrt to a Receiver, and
•uch appointment ahall be made by such Court as an admitted equity and a matter of absoJure right to said MORTGAGEE, and without reference to the
adequacy or inadequecy of ~he value of the property mortgsged w to the w:vency w insolvency of sald MORTGAGOR p tM defenda~ts, snd that such
renrs, profiri, income, iuues a~d revenues shall be applied by such Rece~ver accwding ~o the lien w equity of said MORTGAGEE ~nd the prxtice of sucA
Court.
8. To duty, promptty snd fully pe~fwm, discharge, execute, effect, comptete, comply with and ~bide by each ~nd ewry tht stipulstioro, ~yreements,
conditbns and corenaros ~n se~d promisswy note and this mortgage set fwth.
9. 7hat in the evcrtt the ownersh~p of the mort9aged premises, w any parf thereof. becomes vested in a pe?wn other fMn the MORTGAGQR, th~
MORTGAGEE, its successors and ass~gns, may, withou~ not;ce to the MORTGAOR, deal with such succeuor or wccessor in intere~t with reference to this
mo~tgage and the dcW her~br secwed in fhe s~m~ manner as with Mortp~yor withovt in any way vNidinp ot dixharginy the /Nprtyagors' liability hera
under a upon the debt hereby secured. No sale of the premiaes hereby matgaped and no fabearance on th~ parl of tF~e MORTGAGEE or its s~tceuors
or assigns and no extmsion of the time for th~ payment of the debt hereby secured given by the MORTGAGEE or its tucceuws or assiyns, ~ha11 operats
~o rNease, d~sciwrge, modify cMnge or affect tht oriyinal Ilability of the MORTGAGOR herein, sithcr in whole or {n put.
10. It is spectiic~lly egreed that time is of the assence of th;s oontrau and tMt no waiver oi ~ny obligat~or? herw~dsr~r ~f th~ obliy~Yron se-
cured hereby ahali at any time thrreafter be hetd to be s waiver oi the terms hereof a of the instrumant secwed he~by. ~
11. In add~t~on to the fwego:ng monthly paym:nts of princ'pal and intertst required by the p?omisspry nple secured hereby, mortgagw tovenants
and agrees to pay to mortgagee with each momhly payrnent an addirional sum estimated by matyagee to be equal to 1/12 of the anrwal cost of the follow-
in7:
•A-All real prpp~r?y taxes levie~! or auessed against thc above dex.ibed real estate. -
B-Pcem~ums on fire and windsrorm iowrance as her~in requ~rcd fo be carried oc~ the improvtmenb sifwte pn fAe abov! dewibed p~emis~s.
C-Premiums on such mortgage guaranty ir.surance as mortgagee thail from time to time deun fit to urry on the Iwe yecured he?eby,
Mortgagee sha!1 from ~ime to time notify mortyager en writing of the amo~nt due and payable hereunder ~nd such sum shsll thereupon be d~e and
Fayable on the due date of the next monthfy payment and each successive month thereafter ur.til mwtgagee shall notify mortgagor of a change in wch ~
' a~ovnl. Such sums sha;l be a lied b mort a ee toward the ment of real rt taxts, insurance ' t
PP Y 9 9 ~y P'~ Y p?em.ums, snd mwfgage gwranty insurance
~ p•emiums. . ,
~
IN YJITh;E55 YlHEREOf, the said MORTGAGpR has hereunto xt his hand and seal tF~e da ~nd ~
Si9ned. Sealed and delivered in tF~e presence of: Y Year fint afo?esaid. t
~ _ .:,ee~ - ~ n
+ ~ ;.:'i?` ftA. .IS~a
i - ' Sj F' ;!5 ` evin Burban ~,n
.
i - ~ - - - i- • ~ _ ,,t c.1 i . r ~~q~ ~ . tl. . _~1~,~
~ _ ' ~ - ~ti 5 an Mar ie Burban , .
tse 0
E STATE Of FLORiD St. Lucie ~ 2`
~ ~o~Nn oF ~ 32~.'72`7
; Before me penonally appea?ed Kevin g111'ball a~
F SL+~~n Mat~ BLYb n.
' - his wife, to me wcll known and known to me to b~
a the mdrviduals desuibed in ~nd who executed the faegoinp instrument, ~nd ecknowledged before me fhat tF.ey executed the sams for tM purposes
s iherein expressed. And the iaid SllSall Marie Burban
z w~ie of ths ~a~d Kevin Blirbdll upon • sepa~ste ~r+d privat~
~ examinstion by me tsken separate md apart /rom her said husband, acknowledged to end beiore mt that ~he execvted said ir?itrument fRely and volun-
r iar~ly and w;thovt any compulsion, constraint, apprehens~on, pr~feu of or from her said Iwiband.
; WITNE55 my hand and offic;al ual thi:--_ ~7 C~ d~ of NOV~ber A. D. 19 75
Y
_
Notsry Public '~~d iM Statt of florida at lary~ I
My Commission expires: i
` Return To: • • ~
~ Firtt Feders) $avings 3 Loan Associat~on 1~jpiery Pvb~lt, f}pM 03 Rp~fde M Lorge
F
; Of Fort P~erce. 1~4r Cor..mession Expirs; Ju:y 2:, l477
' fort Pierce, Florida 8ondad by Antsti:an ~~r~ Gn.r:.itr ~,o•
~
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!
k This Instrument Prepared By Donald B. Hughes ___r ~ ti~.;~• ~
First Federal Savings b Loan Association
of Fort Pierce Rlorida 33450 f:~ ' c'
~ Checked By - ` - - ~
~ °QpY ~ r~ P 452 , " ~ . r
e Ac~ e ~
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