HomeMy WebLinkAbout0033 To plx~ and cont~nuo~siy Aecp on fi,e bv: .~,~~~s now o~ he~eairer utvelr on ea~d IsnJ and o~ a!+ eq~~+:ment ~nd psrson~ily cuvered by tt~ia mott~
with ail pram.u~nf ihereon pa.J in fu:~, firz i~~s~re~,ce in ~hr ~s~ai s~a~:dard poG~y form, i~ • sum app~orrd by tha MORiGAGEE, snd w~nd~torm
inwianc~ in tM uival a~andard po~•cy fo~m, i~ s;um aypro.ed by the MORIGAGEE, in ~uch canpsny or cw~paniss N tiq MORTGAGEE m~y
dirtcl; •nd ~11 iirs and +n~nc;sronn insurence pu~~c~o~ on any of ~e~d budd~nyt, eny INerost ~herein or pa~t lhereof, in fM apyre~~~~ ~um afwetaid or
le extess IAereof, t~ell ;on~ain the uiual s!a~idard rnOr~g~get dause o~ such other c~ause as ~M Mortyag~~ may reawr~, ms?inp IM lost under u~d po1F
ci~s, each and eve~y, pa~sb!a ~o ia~d MORTGAGEE ss ~~i ~nrrrau may •ppear, ~rid each •nd every such poficy ihall b~ promQ~ly ais.9ned ~nd deliv~~ed to
~ny held by s~id MORfGAGEE as iwther ~ewr~ty to isld ~»er~yaya dnbt, and, no~ iess ~han ~en (IQ) days in ~dvanc• oi the •apir~tion of e~ch policy, to de~
livei to uid MORiGAGEE a ra~uwal thereof, to9e~he~ w+ih • rece~pt for the premium oi auth renewal; and there shall bQ no i~r~ or winds~orm inswant~ .
plxed oq •ny of said buitding~, •ny K~tare~~ there~n or ps~t thereoi, ur~iess in shs (o~m and w~ih tk~ loss payable +a afass+idJ and in tM w~nl ~ny wm ~
01 money bccomei payable w~cfer •uch policy w pol~c~es sa~d MOQTGAvfE shall have ths opnon to receive and aFG~Y the isme on accounl ot 1M Indsbted-
neu ~ec~red hereby or to permlt sa~d MORTGAGORS lo retr~ve and uss it or any part thr~eof for os~~a~ puri.oses, w~~i~oul th:.e'o~ weiving o~ ~mpair-
in~ any p~ity, I~en or right undei a by virtve of Ihi~ morsgage; and in the event ta:d MORTGAGORS shall fa any reawn (siI to keep the said pr~miu~ so
insursd, ot fail ro deliver pranp~ly any of said pal~cies o! ;nsurs~ue to sa~d MaRiGAGEE, a fad prompUy fo pay fuUy any pre+nium therefor a in a~~
r~spec~ tail tp ptr(wm, dis<harge, execute, sf+ecl, comple~e, comply wirh and ab~da by thii to~e~an?, or any part hereof, said MORTGAGfE rt»y plKe and
pay fp such insura~ce w•ny part Ihereo~ w~~hour waivlrq or ai{ec+iny any opfwn, lien, equ~ty, or r~qM unda w by v~rtu~ of fhi~ Mat~~y~, ~nd the
fult amounl of ~ach and every such payment •hsll be immediately due and payable •nd shalt brar i~terest from the dats ther~af umil paid ~t ehs rat~ ol ~
ninr per cantvm ~.v ann~m snd to~rthrr w~th wd, intrfrse ahaU he ?acwed by the lie~ of Ih~~ mortgage. -
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To permit, commil w sufter no weste, impairmcnt or deterioration of said prcperty or any part Ihercof. , '
S. To pay sfi and s~rgul~r the costs, charges ar.d expenses, inciuding a reasa,able ateorney f fee and tosrs of ab~tr~tts of t~tl~, incurred w paid st ~
any time by said MORTGAGEE, because w in the event of the failure on ~he part of the seid h10RTGAGOR to duly, pranpT~y ~nd fully parform, di~charfle.
executa, e(fec1, complete, ca~nply with and ab:de by each and every the sfipulat~on~, agreement~, conditions, snd covsnants of said p~omiswry note and 1hN
mortgape any or airher, and sa;d coat:, charges and expenses, each and every, shsll b~ immed~ately dw and payable; whetker p not rTxre b~ notice ds
mand, attempt to collect p svit pend~ng; and the lutl a~no~M of each and e~ery s~ch paymeM ahall txar intreel from the date fhereof until paid N the
rate oi n~ne per tfn~~m r r e~in~:n; and ai: said cu~ts, ct~arges and e:per~ses ~ncurred or paid, together w~th auch interest, ahall be secured by the lien of thi~
mwiflage.
6. That (a) in the evcnt of any brrach of th~s Ntorrgage or defaulr on tF~ part of the MORTGAGOR, or (b) in ths event any of ~a~d tums ot money
herein refcrred to be nof pro.r,ptty and fulty pa:d wi~i~in th~rty {3p~ daya nert aftrr ihe sarne severa~ly becors~e due and payabk, wi~houl demand w notice,
or {c) in the e.ent each and avery ~he stipu;at~ons, agreernems, condmons and covenants o1 sa.d promiascry no~e and ihn mo~tpape any p eithe~ are eol
~uly, p?anp?ly and fuily per(o:med, d.acharged, exec:,ted, effected, tompletc-d, cornNf[ed w+th and ab~ded by, then in e:iher or ~ny suth eveM IM said ~
qregata sum mentwned in said pro:nissory note then remaining unpaid, wEth in?erett accrurd, and a!1 moneys secvred hereby, aM!I became due and pap
eblt forthwi~h, or thereafter, at the op!~on of sa:d 1.1CRTGAGEE, as tully and compi~~ely ss ii atl of the sa~d s~ms of money wera priginally st~pulated
to be peid o~ such day, an~i}~ing in sa.d prom;ssory note or in this Murtgage to the conerary notxithstanding; and thereupoo or thereafter at the option of
faid MORTi,AGEE, wi~ho~t nonce o~ demand, s~~t e~ law or in equ~ty, there[ore or thereafirr beg~n, mey be pre+secu:ed u i( ~II moneyt secured hereby
had matuted pnot to its instnut~on.
T. Thar in 1he evenl ihat at ihe beginn ng of w at any time pend~ng eny wit upon this Mo-tgage, or to foreclose it, er to reform it, o? to enforce
payment of any clams here~nder, sa~d ~50RTGAi~EE ihal! app:y to ~he Co~rt havir:g ~w~edktio~ lhcreof tor ~he eppo~~lment of • Rrceiver, wch Court shail
fwthwith appoi~f s rective~ of 3aiJ mor~c~aged prcaerly a~i and tingu~ar, includ.ng all and s~nq~Jar the income, prof~ts, issuet and revcnues frOm whateve?
tource d~~ved, each end e.ery of wh[ch, it being expressty understood, is F.ereby mort9aged as if speufically set fwi6 and desa~bed in the Qra~ting and
habendum c':avses hereof, and suih Qeceiver ~hali have a~~ the luosd and effect~ve funu.ons and powers in anyw~se entrusted by a Court to • Receive~, and
such appointment shast be n,ade by such Co:;n as art ad:nitted cqurty a~d a n:atrer of absolute right to said MORiGAGEE, ~nd without reference to the
adequacy or ~nadeq~aty of the val~e of the property morrgaged or to the sc.vency or inso~vency of sa~d MORTGAGOR or the defendants, and that such
ren~s, proi~ts, i~cc.me, issues and revenve~ shai{ b~ spplied by sush Rece+ver accordu,g to thQ lien or equity of said MORTGAGEE and thx practice of iuch
Court.
8. To duiy, pro~,pi~y and fu:iy perform, d~s:harye, exec~te, efieu, complere, tomp}y wrth and abide by each and every the stipulations, ~greemen»,
conditioni and co.enenrs ~n sa~d promissery nate and this murtgage set forth.
9. Thet in the ever.t :he o•Mrrerihip of the mortgaged prern~Ses, or any part Cherec(, becomes vested in a pe~wn other than tF~e N~ORTGAGOR, tht
MORTGAGEE, its svccesson and ass~gns, may, wi:how rc~~ce to rhe M02TGAOR, deal with iuch succeuw or successw in interesl with ~eference to this
mw~gage a~:d the debt hereby :ecurcd in the :ame roanner as v~ith t.lortgagor w,tl+out in an~ way vit~ating w dixhargir~ the Mortgagors' tiabiliTy F~ert-
undm a upon ti.e debt hereby secur<d. No sale of the prem~ses hereby mortgaged and no forbearante on tFw part o( the MORTGAGEE a itf ~uteessoro
o~ assigns and no exrc~sion of the t~me for the pay~nens of the debt h~reby sec~red given by the A10RTGAGEE or its sutcessors w asi~yru, sMll operatt
to ~elease, d~scharge, mcidify change or atfect the or~g;nal liab~l:ty of the R'ORTGAGOR herein, eiiher in whole or in part.
10. It is speuficaUy agreed tAat +ime is o( rhe essence of this concract and that no waiver of any obligatron hereunder or of the obGyation se-
cvred Fxreby shall at any time ~hereaf~er be nefd to be a v.aiver of the terms hereof or oi the insrrument ~ecured herby.
I1. In add:tio~ to Ihe fo:e9c ng month!y ~ayme~ts of princ pai and intr•est requ~red by the promitsory no~e secured hereb~, mortgago~ tovertanff
and agrees to pay to mortga3ee vtith each mon!hiy pay~: ene an add r(onal sum eit n;ated b~ mortgagee to be equai to 1~`12 of tFe annual cost of Ihe lollow-
in9:
A-Alt ~eal property taxrs levrcd or asses~ed egai~st the abo:e descri,~,ed reat esta+e.
B-Premiums on f~re and winUStorm insura~-ce as here•n req~~:.~d to kre carr~rd an the improvemeatt a;tuate o~ the above destribed ptemises.
C-Prrm~ums on such morrg;gz g~r,:,ry ~rwre~.ce as mortyagee sha(1 4rorn f4ne ro time deem fit to carry on the (oan secured hereby.
Mortgagee shail fiom nme to ti~,c ~o+~fy m.ortgagor in virihng of the amount due and payable hereunder and such sum shatl thereupon be due end
payable on the d~e date of the ~~ex~ momhi~ payn;ent ar.d each successire mo~~th thereaiter ur•tit mwtgagee shal! notify mortgagor of a change in tuch
' amo~nt. Such sum: shail he app~;ed 'oy m-vrtqeyer to:+a•d the payment o~ real prooerty taxes, ~nsurartce prem:ums, a:~d mortgage guaranty insurance
premiums.
IN \IITNESS `NH~R~OF, the sa~d A~~RTGAG02 ha: here~~to set his har.d and seat the day and yeer fint afwesaid.
i S: ncd, SeaSed and detivered in tAe
g presente of: 1~ ~ f~ . r
illf~} e~t~, ~t r.~;:.Df ~ ~tiC1~~ ~~/V ~Z?~ 1~"
ST llf{' : : ^JMT1 Fl-R ('Seaq
~ • ~=3 '?~S Michael R. tvatforsi, a sinc~~,~
~ , {~c•., _ r.::~yg7 adult
{ - - _ . +4
~ E - " ~ ` i- -
` STATE OF FLORIDA Mar 5 1~ji Ph ~~j 3U~~'L''~~_
couNrr oF _ St . Lucie ~
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~ Befwe me peno~aliy appeared _ ,S1Ct1.1Q2 R. ;~atford ~ a 51C1(~IQ adult ~x
` to me well known and krawn fo me fo b~
~ the individual desuibed in and who e,cec~ted the foregoing instrument, snd ecknowiedged beFore me that he exetuled the same iw 4M purposa
~ fherein expressed. /i0iC7of[
~ ~ti~fdC~l~iQ ~~~~~M
~ 7fCQ4~?tGP?W[~7474~I~~0 JQKDCfbK 7~Oi~iVQMOE
~ x6t~cx~di~td~a~naxx~a~chdocec~e~awao,ox . x~cxo~c~c~cx,dceiad~comc ~
~ WITNESS my hand ar.d offiual seal this____~~~ day of ~aY A. D. 19 76
~ • ~~'7~/
tary Public in and fw State of Fbrida •t tary~
i
E Return To- My Comm~ssion ezpires:
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f Fi~st Federal Savings a loan Associat.on
` Of Fo.t P Prce .
~ , ~ ~i~~:u...,,.
~urt P~•~rce, i!qrida ,
~ • ~ ~ t , `G ' _
~ This Instrument Prepared By Rober t A. Swi sher , Jr . _ ~•.r•~`•;i~:: ti:;~ . :
a First Federai Savings & loan Association •~t4~ , ' ~ - y
~ of fort Pierce , F l~r ida . _ ~ - t:~ t(`"'' -
~ ' 125? ~ 33 ~ ~ '
E Checked By ~Jr-- - _ ~ . _ ~ ~ . -
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