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HomeMy WebLinkAbout0980 To plw and co~tiouously ke~p on the buildinp~ now or MfNfiN ~I1WN Of1 HH INId irld Ofl ~I) pY1p111tM Yld ~fW11~IN bY tkN morq~ p~, wi~h aU pr~ums thKwn paid in futl, fin I~uw~nw in tht ~wal s~a~d~rd poticy fon~, M+ a w~n pprovRd by tM MO~T E. ~nd windttorm M~wana b tM wwl ~b+xlard pol~cy f«n~, in • sum ~pprw.d by ~M M~RTtiAGEE. in wch ca+rpany ~ c~or~nia a th~ MORTG/1GEE may dwct~ and all iM~ and wie+d~wrm ka~xanc~ polici~s on ~ny ot Nid buitdieq~, ~ny inl~rsa~ thKNn o~ p~.1 tMnol. M ih~ app.paN sw~+ ~laaakl a in ~xcas therwf, sMll oont~in tM vsua! sundxd ma~papN c1aw~ a sucA ah~ dws~ a~h~ Mo.~ m+Y roqu~n. m+t~n0 ~M Iws w~da ~«d po1E i~ dN. ~ach aai .wry, payb1~ w ssfd MORTGAGEE •s its inlN~tst may ~ppwr, and ~ad+ w+d ~wry ~~ch policy shall b~ pron~ly aa.9n~d ~nd d~liwnd a ~ny MW by iaid MORTGAGEE u fwtha secv~ity to faid mohpp~ dsW. ar~d, rwt kas ~h~n ~~n p0) d~ys tn dvanc~ of tM ~xpM~tion of Nch polky, ro d? tivM to ~aid MORTGI?GEE a rs~ewal the.wf, rop~~l~ wi~h a r~uipt fot tM pr«niwn of wth re~w~ll ~nd tlw~ ~tl b~ no fin a wi~+d~~orm k+wr~nq plapd on ~rty of wFd buildinga, sny interest tlNr~in or pu~ thereof, unteas in tM fam and with ~hs barphr~ a~f«ewidt and in ti» ~w~t a+y wm oi ~no~ey b~oomes payabb w+dN wch polky or pal~ci~s said MORTGAGEE shall Mve tl~ optia+ to r~ceiw and ~pply tht sarM a? ~ocoun~ d tM k~d~br~ Mu sew~id her~br a a p~rmN satd MORTGAGORS to reaiw ~nd it or ~ny paf th~+~of fa aF~a pwposes, wi~hout tMnby waivinp a impair- _ inp a~y p~ity. li~n a riphl v~da or by virtw of lhif mors9ap~t ~nd in th~ ~v~r?t wW MORIGAGORS aMll fa ~ny ~tswn fall b i:Np th~ said pnmisa w ~ iravr~d, w fai! ro d~tiw? promptly u?y of said polKi~s ol inswa~a ro sa~d N?ORTGAGEE, or fall promRtly !o pay fully ~ny pr~mkun thwda or In snr hsp~ct tall w perfwm. dixh.rq~:, execut~. ~(fact. compl~t~, comply wi~b and abid~ by thia oov~nsr+t, or u+y put ha~of. s+id MORTCsAGEE ~r ptia ~nd paY (o~ such Msutar?t~ ot any Fwf thtroO~ without waivinp w af(~ctinp +ny option, li~n, pui~y, or ipbt vnda p br virtw of thh Matpap~ and tM ; f full anw~uat of ~ach and ~wry wch paymsnt ahall bo imened~aNly dw ~ piyabl~ ~ sh~ll bNr intt~qf IrOn1 fIN d~t~ tMrw~ untU paid ~1 tM raN of nirn per ta+Nm p~~ uuwm and to9ether witF~ such intcrest ~hal! he secwed by th~ lien of ~F4 morep~p~. To p~rmib mrt~m3t ar wH~r no wa~te, impakment w d~ttrioration of siid prop~ttp w~ny part fhKwf. ~ ~ S. To pay all ~nd drp~l~r tM coab. ciwqes a~d ~xperww irKludNp • r~awnable Ntorn~y's fN and aom of ab~tnets of titl~. G~x~~d w pdd ~t •ny t&n~ bp said NIORTGAGEE, beta~se w in the event of ths (ailwe on tM parf of ti» said MORTGAC~OR lo duly. prompty ~nd fvlFy pMforrn, d"achar~,, sxecut~. eff~cf. cwn~q. comply wlth u+d abid~ by ~acb a~d wery ri,~ ~rip~rlatiora. ~p~eanwnts, conditio~a„ ~nd oovawnta d wid p~omiswry not~ and this mwlp+W a?y w ei~Fw. and said cosn. chu~es ~nd ~xperw~, each and ~very, sh~U b~ imnKd'u»ly dw a~d WYabN~ whetha a eot dwn bt notia dr muxi, attempt a cd4ct w wit pa+dinyr and Nw full amount of .a:h~M+d ~ve.y wch p•~m.ot sMll b.a. Inf~r.s~ fran Nn d.r~ ~eof umtl piid ~f tt+e r~t~ oi niM p~~ ceotum Pe+ arwwrns and ~II sak! costs. charpes ~nd expanies incwnd w pald. ~optMK with wtl~ inNnst. ~11 b~ wow~d by tM INn d thi~ 4.-TMt k~ ffia wam of any breach of this Matyaye or d~fsult on 1M part of th~ MORTGAGOR, or (b) i~ iht w~nt anp of u;d swro of maNy Mr~ ~~fNrsd ~o be not pro+npfly aod fully paid with+n thirty (30) days ~ext after fhe sarn~ s~wratlr becarK du~ u~d payaW~, without dw~und or notice, or (y (n fIM twnt ~atfi ind ~very fFN st~pulatiot?s +gresmeo», condi~io~+s ~nd oov~ns++n of uid pranhsery na~ and !ha n+aKs~ ~ehr a NMa s~~ eo1 iuly, p.ompdr snd tully psrformad, d~scharped. ~xecured. fHKiQd, COrt1pIfT~. ~qfISfINfI w~fh ~nd abided Sy. Mrn in ~irFiu a anp wch ~w+?t fh~ s~id ~g p~eyat~ sum m~ntaned in said promiuay ~ote them m~ainGg unpaid, with imer~st acuued, and alt nw~ys aecurd hu~y. ~all b~aom~ dw ~nd p~r- abk torthwltF~,~ or the~eafte., at the oprion of aaid lwpRTGAGEE, u f~lly ~nd completely as ii all of ~he ~aid wms o~ ~i~oaey'w~n apin~lly ~tipvl~ted ro be psid on sud+ day. anyth;ng in said p~omissory noro w in thss Mwr~a~. ro ~M conrr.ry ~w~wirhsundi~ and rher.,ipoe a fhs~.ahir a~ Nw op~ion of wld N10RTGAGEE, without naice w dtmsnd. svit d law or in puiH. thereton. o~ thusafter bsQun, may b~ pros~cut~d q if NI a~oneys ~x~d h~reby Fwd maturad prior to ~ts iratitwion. ~ . - , Th~t in tM we++t that at the beginni~ of a at any time pendrg any wit upon this Mat9ay~, a to for~cloN h, or to nfwen H, w ro~nfwa p~ym~M of a~+p daims herew~de., s+1d N?ORTGAGEE shail apply to the Covrt Mvi~g jwisdicYa~ fher~of iw tM appoinan~nt of ~ R~aiva, wck Cowf shall Forthwlth appoint s~aceiver of said mort9aged propntY sll•snd ~npvlar. includ~ng all and iingular tM~ incom~, profits; istws ~nd hwnws fran wi?~hver wwce derived. eati~ ~nd every of wh~ch, it bei~g expteuty undersrood, is hereby mort9ayed at if ~pKlfksN~i sN fotth ~nd dpc~~d in th~ yrantieq and habe~~dwn ctausas hereof, and wch_Reuiver shall Mve ~II the b.wd and effectiw funct~ons ~nd~owen in anywis~ entnaNd b~? ~ Co4r~.p • Receive~, ae~d such sppointment shall be made by such Cow~ ~s an admined equity and a maner oi absotute ripht w s~id MpRTGAGEE, and withouf nfe~e~c~ a tiw •dequacy w indeqwcy of the wlw of ~he prope.ty mortyaged or to ~he sowency a insotvaxy of said MORTGAGOR w tM def~ndaols„ and tfiat such rents, profin, income, isiues and reveoue~ sF?aIl b~ ~ppl:ed by~ such Receiver ~ccwdu?q to th~ lien a equity of ~aid MORTGAGEE and ti» pract~ct of wch Co~nt. 6. To duly. pra++pttr and.f~lly perfo.m, discharye. exscuts, effea, con+ptete, oompJy wi~ and abid~ by ach and wKy tly sti~wlations„ ~pnen~ts, conditara and covanams siid promissory note and ~hM mortgage seF forth. _ 9. Thaf in the event the ownenFup of the mortQayed premises, a any part theceof, ~comes vested in • p~aon other th~n th~ MOItTGAGOR, tl+t MORTGAGEE, in wccesson a~d aasigns, m~y, without notke to 1l+e MORTGAOR, desl with such'wueswr a waesscr in k+tsra~ with r~feraKe fo Ihis mwt~ape a~d the debt hereby s~cured in the same manner as with Nbrtgsgw without in ~y way viti~tlnp or d'ad+~pirg th~ Mortp~as' lisbility h~r~ under or vpon the deb~ hereby secured. Np sale of the Fremix~ hereby mortpaped and no forbwanct oq: th~ put ,of tM MORTGAGEE a iri urutssas w suigro ~nd no eatem~on oi the ti~»! fa tF?e psymenF of the debt hereby iecurad piven by tM MORTGIIGEE a ies sucpssots w assigns, shall opaat~ ro rdease, discharge, modify tFwnpe or affect ths origiBal Gabiliq o1 tF~e MORTCrI~GOR hK~in„ ~itF~u in whols w M put. • 10. It h specificslly agreed that time is of the essence of this contract ~nd that no w~ivar of any obli9atan hereundn w of th~ oblip~tion s~ ared hereby sMll at eny time the?eaftsr be held to be • w~iver of the terms hereof or of ths irut~w~ent secwed herby. 11. In add~fton to rhe fwego:ng monthly payments of prin~ pal and interest requ'ved by the promissory note sec~rad hertby, mo~rtga9or oovMany ' and ayrees to pay to mortgsgee w,th each monthiy payment an addition~l ium est~ms~ed by mortgaQee to be sqwl b 1/12 of the annua! cost of tfie fdbw- u+9a A-All real prope'ty fax~s levied or aasessed against the above described real estate. - ~ B-Premiums on fire_ and windstorm ~nswanu ss hereio tequi+ed to be cutied oh the improveme~ri sitwt~ On th~ abow dewibed premiaes. C-Pre~qivms on.wch mortgage 9uaranty inswance as mwtgagee shsll from time to time deem fit to cury on tht loan ssatt~d haraby. i 1Nartgagee sha11 from time to time norify mortgsgor in writing of-the amounf due and p~yab~e herturder u?d such wm sAall therwpa~ be due and ~ payable on the due dare of the 'next monthly paymenf and each successive_month thereahd until morfpagee ~hall notify mongspor of ~ ch~np~ in wch ~ amount. Such sums shall be applied by mo~tgagee toward the piyment of real property bass, inswance emiuna, ~nd mottyape ywran Nuvrar~ca premiums. ~ F ~ IN WITNESS NfHEREOF, the said MORTGAGOR has hereunto sst 1us hand and seal 1T~e dsy y first aforeaaid~ . Sqned, Sealad and deliveted in the presence of: ~ ` f r~x~G ~ ~~~y~tE COy."~~'.,~UA- aties . o er ~ ~ icO+EF. ?J~F~ ~ . CIEAX ~i~C.l1~~--~ '"V e . o ~•a0 - ¦ _ R~~p~D YER1f1E~ ~,n STATE OF FLORIDA ~ ~ ~ ~ courm oF st. Lucie 3~:8~.5~. - l~ion me paswullr appeued J81n6 S C. TOl @r ~ ~ V~ckie A Toler ~i, ;N;f~, to n,~ wel) knowr, ~nd k~wwt~ b m~ to b~ rhe individwb described in ~nd who executed tM foreparg instrument, and ~ckrawledped before m~ thst MKy ~x~rNd the sar~ for t!w purposa ~r~,e~, e,~,~,,.d. ~,d tr~ ,,;d V ic k ie A.?olez ~ ~ wife oi the s+Ni Ja~¢ s C, Tole r . upon a e~p~rste and privat~ ~ examination by me taken ~eparate and apan from her ~aid husb+ed, adcrawledyed w and befwe me thst she execvted aid k~str~rt~ent fre~lr and volvn~ tarily and wHhovt ~ny compulsion, constraint, apprehensan, fear d or from her ~id husb~nd. ~ WITNESS my hand and official seal tfii~ o~~~ day o{ Febru~ r o. i9 76 - ~ ~ , ~ - Noary Publk far th~ Stat~ of fbrld~ N tarp~ : ~ Retum To: . ~y ~m~ ~~0~' ~O~ ~ a1 lar~ ~ ~ first federal Savirgs b los~ Association M1 C°~"~~ ~xP~ns lrlp ?4, tff7 ~ Qf Fort Pierce. ~d ~~~~kO^ GuroMr G. Fo?N Pierce, Florida • - ~ ~ ~ .~t~:~~~i~<!(%1(' - • _ . . ~ / ~„f ) - _ ~ • • • ` l. J' This In;trument Prepared By GaZy R. Bllaood ~j First Federal Savings ~ Loan Association ' = t'" .o - ~ of Fort Piercey Flozida ~ " . = - E- v ~ ~t'. _ .l r,~~ ~ - ehecked By . ' F C%t ~ ~ G ~ ~ = - r)'•~` ;;~Q : ~4•`.. 5-.;•f . S.~ v ~ _ , . , ~t~~~~HU11i11~~i,.~ ~ 1t... ~ ~ r ' ~ r, _ sh t ~ ' ~ 'e''_ . - ~s . ~ -s'~~~ _ a.~~~~.t~ ~`.:^_~i:~,~??` ._z.a _M r_. ~ . . . s _ ~':fi ~s-..~''.^s" .s,5.~~