HomeMy WebLinkAbout0840 To pt~u ~nd contin~ousiy kt~p w? 1M bu~ld:r~gi now a hsrea(tN ~iswN on said land and on all equipm~ef ~nd pe.sa»ily covu~d by Mii mat~
ap~, with dl pr~mivms the~eon pa~d i~ fuU, fire insur~nct in ~M uswl ~undaid polity twm, in ~ wm app~owd by tM N10RTGAGEE, ~nd wir~tpin. ~
i~uwance i~ tM ~wal uendud pol;cy iorm, tn a sum apprwed Ey th~ MORtGAGEE. in wch comp~ny o~ tanpan~~s W Ih~ MORTGAt3EE may
dindt +~d ail fKe and winds~orm iruurana polKiei on iny of Nifl buiWu~p1. ~11y IAI~l~fl tFN~fN O~ p~~1 tMrlOf, in tM ap~r~y~~~ wm ~foraaW or ' s :
le axmi tM.~ol, ~hali contam ~h~ uswl sbndud mat9a9N daux or ~uc1+ o~Fw ciaw~ 1M N1a1p~yN m+y rpuK~. makinp tM Iwi vnda N~d pd~ `
ciN. eath ~nd ~vaY. par~Dk w.s~id MORTGAGfE as ib imrrsit may ij,pea~, a~d ~ach and ~very ~uch policy ~MII b~ promptly as•ynsd and dNiv~r.d a}~ j
~ny Mtd by said MORiGAGEE as fur~her seturlty ro said mwtp~pe dtbt, and, not i~~s than t~n (10) dayf L? advanc~ oi Ih~ tzpirafion of Nth pol'~ty, lo dF ~
(lv~? to sald MOQiGAGE~ a renew~l thaeof, roperlpK with • recaipt fw tM premium o1 suti~ re~swalr ~nd tMn ~hall M no fir~ w windstam inwranu ;
plaad on any of iak! build~nys, aey iMer~~1 Ih~re~n w pu~ tiwrwf, uole~a in ~h~ fwm u+d with ~M ~osi P+Y+ble u sfa~uidj ~~d in the ~wnt ~ny tvm ~
of mon~y becomt~ payatla under wch polity or policies wid MORTGAGEE sMll haw ~M option to rec~iw ar+d ~ppfy th~ sam~ on aaoum of ~h~ I~Md~ _ >
mss Nswed hatby r ro permit saW MORTGAGORS fo nctive and ~u l/ or any psrt tMreof fa othet purpases, wilhput thereb~ waivinq Or iinpei?- t
inp ~ny equi~y, lia~ a ~i9ht undar w by virtue of Ihis mort9~ge; ~nd in ~M ~vcM satd MORTGAGORS ~MII fw any naion t~i) to keap ths said pnmi~es w,,.,
inwred, w fail b deliver promptly ~ny of said policies of insurarw to taid MORTGAGEE, w fail ~anp~ly 1o pay fully any prsmi~m ther~for a In ae~y
~apect Iail ~o periwny d3scha~ge. ezecute. •Hed, compiets. comply with and abids by thFt wvenar+l, of .r~y P+rt M.wf, aid MORTGAGEE may plx~ snd '
p~Y fw such imu~uua a+ny part thtreaf witho~t waiviny or afiectinq a~y optan. Ikn, eqvity, or ri9M ~ndar w by virtu~ of thN Maty~. +~nd ths : f `
tul~ amo~~t of each ~nd ev~ry auch paymem shall be immed~~~ely d~e e~d psyab~ and ihall bear intere~f from 1M date 1Mreof uo~il paid ~t tM r~1~ of
nine per c~ntum pa ~nnum ~nd togelher with tuch imaest ihall be secured by tM lien of this mat9ay~. .
~ 1. To permit, conv~il a suffer no wast~, impairment ot deteriwatio~ of s~id p?ope~ty or ~ny put the~eof. .
5. To pay ~II u~d sinpvia ths tosq. chupes snd expenxs, inc{udinp a reasonabl~ •~~o.ney's f.e and w~ta of abttrads of titls. fncwr~d w p~W a!
~ny time by wid N10RTGAGEE, becauss o~ i~ tMe event of the failwe o~ li+~ pxt ot ~Fw said MORTGArsOR ro duty, p~omptly +nd fully p~tTOr~, disch+ry~
executs, etfed, complere, canply wifh and ab:de by sach u~d ~ve~y ths ~tipulations, ~preements, to~ditiora, snd oownanri of said promisw~y not~ and thi~
mortp~ps ~ny or ei~her. a~d said cosrs, charga +~~+d ~xpenxi. cach and w~ry. ~MII b~ immed~ately dw and pay~bl~j whether o~ nw there b~ no~iu dr '
mand, attempt !o collect or suit pend'+np;,and the fu:l amou~t o( eacA and wery such paymem shall btar interest fran tF» dat~ tiareof until paid at the '
rate of n;ne per centum per aruwm; and ali wid ws~s, charpes and,expense~ incurred or paid, logetF~e? with tuth int~rpt, sMll bt sKUr~d by th~ liso of thit
mortpaye.
6. That (a) in ths event of a~y breach ef this Mortgap~ w defautt on the psrt of th~ MORTGAGOR, or (b) in the wem u?y of aa~d svms of mon~y
fierdn r~fe.red to be n~ promprty a~,d lvtly paid wi~hin ~h;ny (30) days next af~e? ~he s.me sere.a~~y bscome due a~d ~sr•bi•, avithovl d~maed or noYrce,
w(4 in ths evem aach +nd avery ths a~iputatior+s. agrxments, conditiw+i and coven~nts of s~~d promiuory ~ote and tfui mo?tpape any a~ither an nol
iuly. promprFy ~nd fuliy ptriwmad. d~uharped. execueed, effected, compt~ted, compl~ed wi~h and abided by, then in si~Mr or a~y such w~t tM s~id ap~
preyata svm menta~ in taid promissay note the~ ranainirp unpaid. with inter~sl scaved. ~nd all moruys secwed heteby, shall bacome dw and pap
ab1~ fatlnvi~h, Ot iIllfNftN, at ~he opt~on of said MORTGAGEE, as ~uly and compkrely +s il all o( the said wms of moe~r vwra agin+~h st~pul~ted
ro b~ pald on such dsy, anything i~ sa+d promusory nots a in .:~h Ma?gage to tF~e conuary norwithstandirty; and theiwpon a thertaAar sf tM aptan of
sa7d MORiGAGEE, wi~hout notKe a demand, suit a~ law o+ i~ equiry, therefort o~ thereafter be~un, may be prosec~ted as If ~li moneys sacur~d hereby ~
had matvrcd pnw to ~ts irut~tution. . _
7. That in tM e~ent that a~ the beg~nning of or at any time pendi~g u+y su~t upon this 14l~wtpages o. ro foredo~ h, or to t~form B, o' to enforu '
psyme~t of any claims hr.eunder, said MORTGAGEE shsll apply to the Covrt having jur~sdiaip~'thereof fot the appointrnent Ofia Ropivp, such Court sh+tl ~
fwthwith appoint • receiver of said mortgaged property all end sinpular, includ~ng atl and singulu Ihe inca~r`s~, profits, iuvet snd rsvenves lrpn whal~re~
wurca derived, each and evcry of wFi~ch, it being expressly undentood, is I+aeby mortgaged ss if specifically set fath ~nd dewibed in Ihe ~rantiny u~d ~
hab~i+dum cla~ses hereo(, ~nd such Receiver shall h~ve aIl 1he brosd and effettive fur+d~o~s a~d powas in snywise entr~sted by • Co~rt to ~ Reuiver, ~nd
such appointment shatl be made by such Cowt aa an admitted equity and 'a m+tter of absolute right to taid MORTGAGEE, a~d withoW reference fo tha
adequ+cy or inadeqwcy of the value of the p?operty mo.tgaged or to the sowency or imolvency of s+id 1NORTGAGOR or ~he defenda~n, and tMt wch
renrs, pro(its, incane, issues and rcvsnues sMtl be ~ppiied by suck keteivei ~ccording to tM U~n a equity of said MORTGAGEE and the pr~ctiu of s~xh
Court. . , ; . • _ .
8. To d~ty, prompNy and /utlr periw~n, discharge, exccutt, effeet, tompt4te, comply with and aWd~ by eath ~nd rv~ty the stipuktions, preert~eots, ,
co~ditions and covenanti in sa~d promissory note and thia rtw?tysge set.fwth. "
9. That in the evenr the ow~enhip of tFx. mortgaQed prem~ses, a any psrt thueof, becomes vested ~ qrson other tFu~ tM MOR7GAGOR, th~
MORTGAGEE, its successors and auige~s, may, wifhovt ~otice to the MORTGAOR, deal with tuch se?ctessa ~dr tuccessw in interest vrith reference to tha
mortysge and the debl hereby setured in the tame mannsr as with Morlgagor wlthout in any. way vi?istirg o? d~ftharging ths Mortp~gors' li~bilify hert
under w upon the debe hereby secured. No sale of the premises he~eby mortgaqed and no fwbearance o~ Ihe pah oi ~he MORTGAGEE w its svaesson '
w auigns ~nd na exte~sion of the ~ime fw the pay~r:ent of the debt Fx~eby secured given by 1he N~ORTGAGEE m its tuccessors p ~uigns, shall operat~
to ?elease, d:xharge, modiFy change or affect the orginal liab~tity of the MORTGAGOR FKrein, either in whole w In pat. `
10. It is speuficatly aar_ed ~hat time is of'tl+e esse..ce of this conrract snd that no wsiver of any obl'~yation hereunder or of th~ oblipation se-
tured htreby shall at any time thereafter be held to be a waiver of the terms hereof w of the iratrument secured herby.
11. In add~tion to the fwega:ng monthly payments vf prirc'pal and interest requ~red by the prom~ssory note secured hereby, mortgayor oovensnb
and agrees to pay to rnongagee with each monthly paymeM an add~+ional sum est;mated by mo~tgagee to be equai to 1/12 of the annual wst of the fdbw-
,
A-All nal p~opcrty taxes levied or assessed aga7nst ~Fw above tkw~bed reat estata ' ~ ~
B-Premwrr?t on fire and windsto~m insurance ~s herei~ reqy~red p be csrried o~ the imp~oramenb situats on the sbove deuribed premises. ~
C-Premivms on s~ch mortgege gueranty ir.swarue as ma~ga$ee sMU from t~me to time deem fif fo carry on the loan secured hereby. ~
Mottgagec shail from time to time notiiy mor?gagor in writing of the amount due a~d paysble hereunder and svth wm shall thereupOn be d~e and
payable on the due date of the ne~t monthly payment a~d each successive month thereafter ur.til mp~tgagee shall norify mort9agw of • charpe in svch
~ amount. Such sums shall be applied by mortgagee toward the paymcnt of real p?oper:y taxes, insur~nce pren+:ums, and mwtgsge ywranty inwrance ~
t r ~ .
j IN WITNE55 WHEREOf, the said MORTGAGOR has hereunto set his hand and seal the day and ~t aforesaid. 's
~ Signed. Sed~d nd delivered in the presence of: 1 f
~ ~ fll.~~ f`'..~~
ft~A. . n f
er . v s
-F ; :;~tiu?3
~ ~i~D : RT ~ ~Gt,l~
- c~s ~r.': ::;.r zo+~ ~Np
~E~~fA y..;: ~er~~. av s " rc..~
STATE Of fLORIDA ~ 46 1~~'~~
couNnr oF st. Lucie ~ . 3~~~~8 :
,
eetwe me personally appeared Robert A DaV1S ' and
- RO~ZtB A. QSV~S his wife, to me well known a~ known to me to be ;
the i~lividvati dewibed in and who executed the fwegoing insteumem, and acknowiedped before me th~t they ~xea+~ed the same fa the qnposes ~
rhe?~M ~xpres.ed. n„d tM :a~d Roberta A. Davis _ ~
i
wifs of the said Robert A• ~V~S vpon a aepawts aed prhrae~
ex~rt?instion by me tske~ separate and apart from her said husband, scknovrledged to and bcfwe me tl~st the execut~d saed i+utrumant.fraly and volwt
iarify ard without any comp;,lsion, constreint, apprehension, ot fear of or from her said husbsnd.
WITNE55 my hand and officiai Kai thiz _g~~ dsy of Febr~sary ' A, 0. 19 76
~ - ~ ;
# Naury Public i and w•the Stale of fbrida ~t Luye i
~ My Commiu" expirts: ;
Return To: ~ry ti~. Sbh Of FTp~i,~O p~
~ Fint federal Savings d~ loan Auociation w~u~'ssaew E~cqres ~
~r ~ 1l7f ~
~ Of Fo~t P:erce. ~ br ~n~erkon F'iro j~,s~~h ~ f
~ iort Pierce, Florida ~
. ~
. ''~i ~
. . : - . • :c :`y
_ ~ .ti~~~~ 3
This In;t~ument Prepared By Robert A. 9wisher, Jz . _ ' _ : ~ ~ ' ~ ~
, .
~ First Federa) Savings b Laan Associat;on - 1, :
~ ~
~ ~ of Fort Pierce, Rlorida - ~:t~~.~ ~
~
Checked By ' ~ ~ '
` ~ . ~ * ~ - ~
~r i ~ ~ ~ ;
/•~~~~1~~• ~1•'~~i'
'yS• ah
~ ~ . _ ~ ~ ~~~;l11iN?•`
~ `
~t~~ ~~~i ~ - - . . - - - ~,~.,f r.,~,~,-,-;
.r:~ ~ ~-r,_ .
x~.' ' • ^~r-,^~~"~}~,+
_~~~+'~~~~t~~~~ _ ~ d ~ ~a.:., .