HomeMy WebLinkAbout0533 J. To p~ars u+d ca+~inuous?Y khp on ~M bu~ldin~s now a Fwe~ftK 4~uat~ on ~sid 4nd ~nd on ~11 pulpn»nt ~nd p~nonally covN~d b1l tlws nart¢
p~, wirh aU pnmi~ms Ms~eon pa~d in fvll, firs iruur~nc~ N+ ~M uswl u~ndwd poticy form. in a swn ~ppro.~d by tM MOR~GAGEE, u+d w~~am
imwann in tM vwal u~nd+~d pol~cy tam, in ~ wm aFprov~l by tM MORTGAGEE, in wch tanpanY o~ canP+ni~s +s tM IY?ORiGAC-EE rw+y
dirMt ~nd all fk~ ~nd w+nd~rorm inwranc~ pot:cas oe ~ny ol sa~d bui~d~r~p~, .ny Inar~u ~h.r•in o. p..f ~F~.rwf. in ~h~ aQqr~paN awn ~la~said a
M~xc~as ~Ae.w/, sMl1 conuin t!N ~w+1 iu+~dMd rr~ap+pH c1ouH a s•.xh o~F~ clsuw a~M Mwt~apN m~y ~puo~, n+akinp ~h~ Ia~ ue~de~ sad po14
ci,.~, tach w+d svar. paYabl~ eo aeid N1~RIGAGEE ~s iq intKSN may app~ar. «+d e+ch ~nd ~vs~y tuch polky ~hall b~ ptomp~lY af~:9n~d and dtGrNed ~o
~ny Mld by ~id MORiGACEE as fvr~hp ~scwi~y fo s~id mortya~ deW. and. ~+a Ns~ ~han an (IOI d+~ra b+ +dv+nc~ ot ~h~ ~apir~~an ol ~~ch poi~cy. to da
(iwr b s+id MORiGAGEE • ren~wal ~M~wf. ~oqe~l~ wi~h ~ rac~ipt tor eM p.~mivm o/ wch r~wal; ~nd eh~~ sMll b~ ro fr~ a wir+di~a~~ tnw~~nu
' pl~d on any of aid bvi{d&~p~. ~ny int~nat th~rftn or pu~ therw/, w+ku trt tM fo?m and v.it6 ~M loa payable a dons~id~ ~nd fn ~M ~wM ~ny ~wn '
01 mary becom~~ paysbl~ undK wch polity or policws sa:3 MORTGAG[E ~hall haw ~h~ op~~w+ ro rec~iw a,d ~pp1y tM• sarn~ an ~coowu of ~M ind~or~d
Ma MturN! hKMy a a pKmit a~id MORTGAGORS /o reuivs u~d uN it ot ~~y parl the+eof Iw othe. pur~wes, wilFw~t thaeb/ waivinp a rnpair-
tap aMr pu~ty, I:~n p riqht w~da p b~i virtw of Ifiis n+ortpap~t ~nd in tM ~vee+1 wid MORTGAGORS fh~il for ury r~afon fai) to kNp tht taid pr~misea W
kaur~d, a fail b dNivM pron~py ~ny of iaid pol~ci~s ol inswanc~ w s~7d MORTGAGEE, o. 1~~~ p~o~+P~ty ro Pay iuiti any p~miwn tlw~~fa w in any
~ap~ct f~it a pNfam, disclw~~. ~~ucvt~ ~ff~ci. compt~te. cur~ply wi~h u+d ~bid~ by Mh covenant, or ~ny part I+W~of. ~aid MORTGAGEE may pt~a ~nd
• p~y fa such aaw~a w M+y pa.t tMreof wirho~t waivw+p a~fitainp a~r op~ion, {i~n, pu~ry. or ~ipM u~d~. w by vi~tw of this Mwip~p~, and rM
fvll amowN of wch ~nd ~wry a?ch paym~nt sMil b~ im~n~dw~~ly dw and pyable ud aMll b~+~r in~a~st ham.th~ dN~ thereof u~~il paid ~t tM ratt ol
nirr pM t~ntum pw wvwm and to~e~he~ with wth 1nte~esi shall b~ secur~d by tM li~n of thb mortqp~.
1. To pKmit, aom~ut or wifK no wate. Gnpakmenl w d~~aioration of ~aid prop~rty or ~ny part tMr~of.
S. To pay al) u+d s4raulr the costs, charp~s and ~ap~esa. includinp ~ reawnabl~ attw~y i te~ and coia of abstr~cfs of ti~t~, incurred a p~id ~t i
~rry rime by aaid MORTGAGEE, b~c~vss or in th4 ~v~r?~ of ~M f~;iw~ on th~ put of ~he said N10RTGAGOR to duly. prompHy a~+d fviy R..r«m, d~uh+.~
~xecu~~. ~ifsd. compl~t~. comply wi~fi and ab:d~ by ~xh ar?d ~very tM itipulat~ona, a~reeme~ts, cond~rions,• ~nd cov~++anh of s~id prom~ssory not~ and tFw ~
mag+p~ uw a~i~M.. and ~a~d cos~+. charpes ~~d exp~nus ~ach and ~ve~y. slwll b~ imnMdiat~ty dw and parablr, wM~M. o. not rh~+~ b~ notiu dr
m~nd, anempt w cdMet a wk pe~d~n~: and t!w tvll arewunt of each ae~d rw~y wch payment sMlt bsa. intK~st frae ti+~ d~t~ thnaof until p~id ~t ~
?ate of n~rr p~r cenrum per arowm; u~d sll taid coat~, char9q ar~d ~xpernss inc~~r~d or paid, top~ehe? w~~h wch in~eryl. ~hau b. s.cu..d by ~h. i~ of ibu
mor+~+~• .
6. TMt (a) in th~ wtnt of any breach of thw Allortys~ w default on tM pan of the MORiGAGOR. a(b) M tM wenl any of said wens of nwr~y
hereln r~fHr~d to b~ not promptlY and fully paid within Ih:rry (30) days .~eat afrer ~hf s~mt saveraty becorr~t dw ~+d p~yabM. wI11.,~ut d~mand o~ notic~.
or W ie the ewru each and e~.ay tM stipulations, ~~Nments, cond;tions a~d coreoana of sa~d pr«niuuy note and this morroa~ ~ny o~ ~ither w~ ~wl
luly, pranptly u+d f~ly p~rfwm~d, dacl.uqed, e:ec~ted. ~ffeded, campkted, compl~ed wi~h and ~bided hy. ~Ma in ~~ther a u+y such w~nt tl» said p~
prepat~ wm mentiw?ed in said promiuwy not~ then r~maininp w~paid, with interest xuued, u~d all mw~eys secur~d IKr~by. shat) b~oony dw ud pay~ _ -
aW~ forthwith, a tMreafter, at tha oprion of iaid 1NORiGAGEE, as (vlly ~nd carplsreiy ai ii alf of ~he sa7d wma of awrw~y wer~ pgir?~Ily s~ipulned
w be paid on svch day. s~ythinp in sa~d promisso~y ~wh or In this Mcrtqage to ths con~raey notwithsu~diny; and ~herwpon a ther~aftv at ~M op~~on of
•aid MORTGAGEE, without notk~ a dem+nd, suit at law w in equity, the.~fwe a the~eafter beyun, mar bs prosec~t~d u if ~II ma~tys s~wr~d Mrsby
hsd matwed prwr ro i» institution. -
7. TAat in tM event tM1 at the bagkr+inq of p ~t any tim~ pendiny any suit upon rhis Mwt~sge, « ro fw.clos. i+, w to nform it, a ro~nfwp
payment oF ~ny clairta l+aew+dcr, iaid MORTCaAGEE shall apply to the Cowf i+~ving jurisdKran therw! tw ~h~ appoiotmant of • Rec~iver, such Cow~ shall
forthwirh ~ppoint a nce'ws~ of said mort~~d property a11 and i)np~lu. includ~~p all s~t! sinpvl~r the irxome. profin, hsvei ~nd rw~rw~s fran what~ver
sowce derived, each and ~very of whKh, it beW+p eapasly unders~ood. a Acr~by mor~9agcd a! if iPlCifKa~Iy iff fMtA a11fI l~Kti~A III !IM lY~ltln~ i1~ _
hsb~ndwn clwse~ I+ereof, u~d such Recei,rar shall haw atl ~he boad and ef(ective funcnons and powers in anyw~se entrustsd by a Cowt to ~ Repiya, and
such appnintmtr.t shall be mad~ by tuth Cowt an adm~tted eqvity and a m+na of ~bsotute riyht w said MORTGAGEE, and withoul nfaence ro ~Fw ;
adequscy w inadequacy of th~ wlue of th~ property mortya~ed cr to the sohrM+cy or insolv~nty of said MORTGAGOR a tM defendantf, ~nd lhat such
~ems, profi~s, income, iuues and r~venws shaU be~applied by wch Receiver ~ccord~np ~o the tien o~ Qquity of uid MORTGAGEE am! th~ practic~ of such
Court. ~
8. To duFy, prompty and fully perfpm, ~scFwy~, executs, effect, compkte, comply w]th and ab~de by each u~d every tM stipulations, a~reem~nts,
ca~ditions and coven~nts in sad promissory rat~ and this mortgage set iorth. .
9_ That in the eveM the owncnkip ot the rtartgayed premises, w any part thereof, becomes vested in ~ pason other th~n 1!w MORTGAGOR, th~
N.ORTGAGEE, in successon and sss:gns, may, without norice ro tM MORTGAOR, deal with such succeuw w successa in iRterest with refcr~nce b this
mwt~ap~ and tM dcbt hercby secu.ed in the sune m~~ as with Mortgigw w~thout in a!+y way vi~iata~g « d~uh~ryirq- tM Monyagors' Cability hsrt
unde~ o? upo~ the debt hereby secured. No s~le of the ~~emiacs hercby mwtga9ed ~nd no (orbeu~nce on tM put ol tM MORTGAGEE or in s~cceuws
or assipru snd no exrer+sion of the time fa rhe paymsM of ti+e debt he.eby secwed giwn by the MOS'+CaAGEE or its woassors a ~asipn~, ~MII opa+ts
b" releaa~, d~schar~e, modify chanQe a ~ffect the wiyinal liab~l~ty of the MOQTGAGOR h~r~in, either in whde or in part.
10. h Is specifically agreed that time is ot the ess~nce of fhis cont~sct and tMt no w~iver of •nr oblg•~~w, her.unda, or of th~ obtipsrion se~
arred her~by sMll ~t ~y tinK ~here~fter be held w!» ~ waiver of the terms heroof w oi the i~utrw?~em secwed Mrby.
11. In additiot~ to the ta~~go:~g rtronthly p~Yme~p of princ:psl and imerest requ:red by the promissory nore secw:d hereby, mortya9or covenanri
and agrees to pay ~o mort9agee with e~th monthly payrnem an add~rional sum estimsted by ~~xtgsgee to be eqeral b 1 j 12 of the annuai cost of the fof{ow-
~9=
A-AI! real property faaes ~evied w nsessed agai~st ~he above described real estate. .
B-Premiums u? f~~e and wi~starm inwru:ce as herein rey~:red to be ~arricd on the improvemenri s~hwre cn ths sbove desuibsd premiscs.
C-Premiums or+ such mortgage gwranty insurar.ce as matgagee shatt irom rime to time deem fit to cury on the ban secu:ed hcrcby.
Mortgagee sha!1 from r:me to t~me nodfy mortgagar ~n writing ol the amou~t due ar+d paysblc hereunde~ snd such wm shall thcrevpon be due and
, psyibls on ihe due dare af the ne:t monthly paYment and each successive month thercafter urtil mortysyee shall notify mortyagor of a charge in such •
amo~~m. Such sums shall be app!~ed by morry~gee tow~rd the payment of reel p~operty taxes, :nsurance prem:ums, and mottgs9a yuu~aty insurance
a~~niums.
IN ~1IITNESS `:VFIEREOF, ths sa~d MORTGAGOR has Fxrevnto ut his hand snd sesl the day and year fint ~foresaid_ _
Sipned, Sealed ~nd delivered in tF.e presente ef: _
' - G ~tn.`J~..('~ ~j7. ~c~„r.;• (5Nn
I _ ~ _
~ ~
- 4/ ~ - ~ rc.,q
STATE Of FLORI~A ~
St. Lucie ~
e~fae ~~,a,,,uy ,~,.~a _ Erne st M. Cain ,,,d
Jo an A. C ai n M,;r~, to me weR known and known fo me fo b~
ind'nidwb described in snd who execured the forepoirg instrvn»nt, and .~ckiwwkdged before me 1FNt t
hey execvted the sarn~ for th~ purposes
rhe.ein •:p.e„ed. /1nd th. „~d _ Joan A. ~ain ' _
,~r~ os ~t» s,~a ~ Ernest M cain and pr;veN
exa+nFnat~on by me takm separrte ~nd apart from her sa~d husband, ~dcrwwledped to and befwe me tMt shs exewted said instrument fr~sly a~d wlun-
tuily ud wrthovt ~ny computsioo, constraint, appreMns~ w fear of w from her ~id husb~nd. -
WITNcSS my Mnd and ofticiat seal ti~ia ~y of A ri 1
A. D. i9 76
.
~
-`(./L!~ 1/ ~ ~ ~ !/LLt/]
~ c~`t n ~ ~ r, t G No:ary Publit in ~nd iqi the Sf(tt of Fiaid~ ~t larp~
$ T L U : i~''' F; A . My Commasion ~xpires: -
Return Ta ~t i~= A$ ~
~ fint fedetal Savi s 3 Loan Association :'_•?:1~ w.,..R= .Y
, F~,. r.o raRr PuB~t~. st~tE at FtoR~w? at uxsE
Os c«t P~erce. . G.;:.'.tdlSSlilli EXPIRES JAN. 7, I971
F~ Pierce. F~«~dd ?"iP~ 2 2o PH ~16 wewa uy ia~w~cas it~ckers Io~oa~e~0~
332 ~ ~ ~ _
` ~ . .
This Instrument Prepared By Richard K. Kayes ~ ? ' "
First Federal Savings b loan Association ; ~
of Fort Pierce , -Florida = ~ ~ ; _
Checked By`~ ~ `
. -
~S'
1 r4~ . . -
. ' , ~/~i
~
.
~ ~ - - - - - - - - - - - _ ~ - ~
~ ,~.,v, ; _ _ : l
m : - _