HomeMy WebLinkAbout0562 3. To plac~ and conti~uo~ily keep a? tM bui!dingi ~ow o~ l~s~eaftt~ utuat~ oe? said lu~d and on ~II pu~pm~nt u~d pawnally cov~r~d by thi~ mat¢ _
~p~. with ~1) pr~mium~ Ihereon pa~d in full, fire ins~ranc~ in ~hs uswl tundard poiity form, in ~~um ~pp~ov~d by tM MORTCsAGEE, and wiindstorm
iniwance in tM v~wl ~tandard pol~cy fam, in • sum ~pprov~d by th~ MORTGACsEf, in wch comp+ny or companies a ~h~ MORTGAGEE n?ay
di~Klj a~d all ti~~ and wlnd~torm i~su.anc~ poliuea on ~ny of isid bvild~~+ps, any in~~s~ thK~in or pa?~ tMr~oi, 1n Ih~ appre9~q wm ~faes~id a
M uccea 1Mreof, ~Aatl conuin ~h~ usual srandi~d matga~ cl~vs~ a s~c!? o~hu <Iws~ as t!» Nb.~papN may reqvKe. m~klrg ~M lou undN s~~d polb
ci~s. each a~d ~vKy. paYabi~ a ~~id MORTGAGEE as its inte~e~~ may ~pp~ar. ~nd each and ~v~ryr iuch policy ~hall b~ promptly ~p.qn~d ~nd dslivtred to
My M!d by said MORiGAGEE ~s fur~h~r sau~tty to isid mo.tyape debt, and, ~+ot I~a thae t~n (10) days in ~dv~nc~ oi th~ expir~tion of sach policy, to da
IivN to s~id MORTGAGEE a r~newal thereof, topa~h~r with a receipt fw tM pramivm of ~uch renewal; ar~d ~her~ ~hall k» no f~n w winds~am insuranc~
pl~ced on ~ny of s+id build~nps, ~ny intere~t tix~~in w pa~t tM.aof, unles~ in ~M fam end wi~h ti» los~ paysbl~ as afonfald; ~nd i~ ~M ~v~n1 ~ny swn ~
of mon~y becorn~a pay+ble ~r~ such policy p policin pid MORTGAGEE iMl) haw th~ option to receiv~ and apply tM same on ~tcouN of ~M ind~bted~ .
nsu iecured M.eby w ro permi~ s~id MORTGAGORS ro rec~iw ~nd u~ lt p any part ~Mr~of fw o~her pu~Foie~, wi~houf thsreb/ waiviny a ~mp~u• '
iny a~y pu~ty, lien w r~yh~ unde~ or by virtw of ~his mortysy~; ~nd in ~M ~vMr sa~d MORTGAGORS shall fw sny r~ason hil to keep the sa~d pnmises w
In~ured, or f~il b dtliver promp?ly a~y of uW pol~c~es of i~sursnce to s~id MORTGAGEE, a fail promplly to p~y fully any prsmivm therefo~ w{n any
rsspect tail to perfam, discha~ge, execute, ~ffsct, comple~s, comply with snd +bide by thii covenant, w any put herwf, uid MORTGAGEE m~y pl~n and
pay for such intv~ance or ~ny part th~reof w~rhout wsiv~rg or ~ffectinp any option, li~n, equity, w ripht unde? a by virtw of thii Mat~a~, ~nd tM
tull amo~nt oi esch ~nd ev~ry such paymenl ~hall be imrnediately dw and payablt uid shall bear intcrest from 1M datt thereof until paid ~t tM rat~ ot ~
nins per ceNum pet annum and to~ettu? with auch interest s1w11 be secu~ed by the li~n of this rtwrl9aQs.
1. To pKmif, commit or sufFa no wasta, impairmeM w deteriwation of said property w soy parf thereof.
S. To pay aU ~nd singuta~ the costs. charges and ~xpenses, includinp a reasw~abl~ snwnsy
s fe~ and w~ts of abit?~c~s of tiNe, incurr~d w p+id at
eny ~ime by said MORTGAGfE, because w in the ew~t of the ?ailure on th~ pa?t of the said MORTGAGOR ro duly, promptiy snd fully p~rfwm, d~uha~.
execute, e(fect, complere, comply wnh and ab:de by each s.~d ev~ry ~M stipulaf~ons, apreemenrs, conditiwa, and cownann ot ssid promiuwy not~ and ~hit
mortgage any w e~~her, and sa~d co:rs, cMrges and eapenxs, tach and eve~y, i:~all b~ immedl~tely due ~nd payabkJ wheth~r o~ not tMr~ b~ no~ic~ de ~
mand, aleempt to colled q ~uit pend~ng; and the full amovnl of e~ch ~nd every such payment shall besr intereil from the daN tMreof until paid N tht
rate of nine pCr CCntum ~xr annum; and all said cests, charges and expenses inwrred or paid, tog~tiier w~th such i„~~rpL sMll b~ s~cured by the IiM of this
mo.tpa9e.
6. That (s) in the evem of any b~each oi this Mortgay~ w defaut~ on the part of the MORTGAGOR, a(b) in tl» evenf ~ny of ~sid wms of ma~ey
he~ein referred to be not promp~iy and tully paid within Ih~rty (30) days nexf af~er ~he ssme uve.ally become due snd payable, wi~hout demand w no~ice.
or in fhe event each ar+d every the stiputations, sgrceme~ts, conditions and coven~nb of sa~d promisswy note.and th~~ mortyeye ~ny p eithet ~re ~wl
i~ly, promptly and fulty periormed, d~xharged, execu~ed, effectee+, compl~~ed, complied wirh and ~bidcd by, 1Mn in eithar w any iuch ~wM tM said p~
gregate sum mentioned (n said promisswy no~e then remaining unpa~d, with interest accrved, and all mo~eys secured hereby, tha11 betoms dw a~d p~y-
able fwthwith, a thereafter, a~ the opt~on of said MORTC'aAGEE, as fuily and completety as if •11 of the said s~ms of money were pigin~lly ~t~pulated
to be paid on such day, anything in sa:d prwn~sswy note or in tha Mort~~ge to tF~e cont?ary notwithstandinp; ar~d thereupon a~ there~her at tM option of
said MORTGAGEE, w~thout notice or demand, suit at law w in equity, therefwe w thereatter begun, may be proxtuted as if all rtqneys ~etur~d hereby
had maturcd pnw lo iri institution.
7. That in the event that at the beginnir?g ol w ~t any time pending any suit upon ~his Mwtgage, a to fonclok N, or fo refwm N, or to enforp
payment of any claims hereur.der, said MORTGAGEE sl~all apply to the Court baving jurisdia~on thereof fw the ~ppoinlment of s Receiver, such Cpurt ihall
forthwith sppoint s receive~ of said mortgaged property all and singul~r, includ~ng a1! and s~~gulu tM income, p~o(its, itsues end rtvtnue~ irom whatever
source derived. eech end every of whKh, it being expressly unefe~stood, is hereby morfgaged as i( specuficalty set forth ~nd d~scrib~d in th~ pranting and
hebendum cla~ses htreof, and such Receive~ shall heve all the broad and tffetrive funct.ons and powcrs in anywise entrusted by ~ Court to ~ Reteiver, and
such eppointment shatl be made by s~,ch Cowt as ~n adm~~ted equity snd a matter oi absolute right to said MORTGAGEE, and wittavt raference to ths
adequacy a inadequacy of the vatue of the propcrty mortgaged u fo the w+vency w~nsolvency of ssid MORTGAGOR a the defendann, and that such
rents, profits, incane, issues and revenues shall be applied by such Reteiver accord~np to the tien u eq~ity of said MORTGAGEE and the prattite oi such
Courf.
8. To duly, promptly and fully per(orm, discharge, execute, effcct, complete, comply with and abide by each and every the stipulations, egreemeeri,
conditara and covenants in :a~d promissory note end this mortgage set forth.
9. That i~ the eveM the owrurship of the mortgaged prcmises, w any psrt fhereof, becomes vested in ~ person othe? fhan fM N10RTGAGOR, 1F»
MORTGAGEE, its successors a~d sssigns, may, without notice to the MORiGAOR, deal with such successa a ivtcessor in intereit with re(c~entt to this
mortgege and tiie debt hereby secuttd fn ~he same manner as with Mortgagw without in any way viti~ting or d~xharging the Mortflagori' liabiliry here-
under o. upon ~he dcbt hereby iecwed. No tate of the premises F?ereby rnwtya9ed and no fabearanu on !M part of ~he MORTGAGEE a iti iucussors
or suigns and no extension of the time (w the p~yment of the debt hereby secured given by the lNORTGAGEE a its successors w au~gns, ahal{ operate
to release, dncharge, modiFy ch~nge ~a affect the orig~nal Gabiliry, of 1he-MORTGAGOR twtin, either in'whole or tn p~n.
10. It is speufically ag~eed that time is of the essencr of th~s coeMraet and that no waiver of any oblga~~on hereunde? or of the oblipatio~ sr
cured hereby shall at any time theteaftk be held to bc a waivq of Ihe tarms tweof p of ths imtrumMt setvred herby.
11. In add,tio~ to the forege ng monthly payments of pinc:pal and interest reqvired by thp qpnissory rqte secured hereby, mortgagor covensnts
and agrces to pay to ~iortgagae v~ith each monthly payrnent an add~tional sum estimated by mortgsgee to be equal to 1/12 of the annual tost of the follow-
ing: •
A-Atl real property taxrs lev~ed or assessed agair~st the above described reat ~state.
B--Prem~urru on fire and w~ndstam ~nuxance as herei~ requ~red to be carried oo the improvsme:itt situate on the above described premise~.
C-Preroivms on auch morlgage fluaranty insuru~ce as mortgagee shal! irom t;me. to time deem fii b carry on the loen setured hereby.
~ Mwtgagee sha!I (rom time to time norify murtgagor in writing of the amount due and payable hereunder and such surn sfiall thereupon be due snd
! cayable on the d~e date of the next month:y payment and each successive montb ~hereafter urtil mortgagee shall ootify mortgagw of s change in wch
' amount. $i,ch sums shail be appl~ed by mortgagee toward the payment of real property taxes, insurance prem;ums, and mortgage gwranty insurance
! premiums. -
~ IN WITNESS 1YHEREOF, the said MORTGAGOR has hereunto sei his hand and sea~ the day and year first afaesaid.
~ Signed, Sealed and delivcred in the presence of:
~ S7
1 ~ _ t _ ~ F lA Ii -~~rc t~ctV' ~~fGa.(.E~GQ/ (SeaQ
~ . , . ~ y
n--n
~ L~ c ~ . =
~ - ~ , p
~ ~ lY~ ~ L: --(Se+~
SiATE OF fLORIDA OY ~O i' j3
~ St . l.ucie ~ u- ~ - ' .
~ couNnr oF
~ Before me pe?wnally appeared Sandra A. Masters, a sin¢le adult, ~~y.
~ ~~••~~--~--~~~••--••~~~-~~~~~~~~~-~-~-~~-~--~-~~-~-~~~~~leswi(erto me well known snd known to me to b~
~ rhe individual described in and who executed the foregoiny irut?urreent, and acknowledged befwe me that y?e exacuted the ~sms fw tf+s purposes :
~ therein expressed. Arwl~ti~s~w:1~~~~~~~~~~~~~~~~~~~~_~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~_~~°~~~ - i
° ~r+feef-Msss~el-_________..~.._~~_~~~__~~_..~.._~~~_...__~___~~~____.___ ~~pa~1~rlls~flt!'p1i?~Ilr i
~ ewsw~iw~ti~i? iy. w~~ w4ew ~~p~n1~ ~wd~spwt~f?ow~ ier ssk~ht~nd- ~tle+ewkJgetr... :!~-blto~l~1111~thd1 ~h!'i~1tRO1ed'~d 1?1ltRifBen? ~?~dy-~~ ~ok~w- }
~ ias~ly~.iwyF~sw~.~r~ow~c~lsiow,-cwwtie"s~apprehaorierr, eriea~F~rfrow~?.INr.wid~w~aw~
~ 21st Noveaber 75
~ WITNE55 my Mnd and officia( sesl this day of p, ~q i
_ ~
1
. Not Public in ~~d fw the State of F{orida at tarps
' My m~uion expires: ~
a Return To: ' ' Kata Pb6ur, Stole of Plorido o? larp~
j first Fedaral Savings E Loan Auociet:on ry ~ ~j s
~ My Commi:sion Expires April 15, 197d
~ Of iort P~erce. !
y fort Pierce, Flor~da ~r~ded ~r American Frs ~ Cqyrp)„ Co. S`~~/]]j~S ~iC ~n I~SSOC1au0I1 }
=f:;.
. . ~ at Fort ~erce,~ ~'1~
~ - ' `
~ This Instrument Prepared ByJ. Hal Roberts~ Jz. ~
~ First Federal Savings 8~ Loan Association • _ _ ' . ~
~ • of Fort Pierce ~ Rlozida - - ~ _ ~
g y EJ~ : - : _ - " r' f 561
~ ~ : 5:,~~r... ~.t1 PALE
. ~
Checked B ~ r ~
~ . ';1`::
~ S S
~ . . ~rt;;~:;_. ...`~v't~'~ I
~ , SA ~
~ '
_ ~ ~
_ . _ . ~x
„'a°"~ :
~ , y^ ~ - .
_ . ' . x .