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HomeMy WebLinkAbout0520 3. To plac~ ~nd co~linuou~ly keap on ~M bu~id~npf now o~ Mre~ftt? ~itwq on ~aid luw! ~nd on •II puiprn~nl ~nd pawn~lly cow~~d by this mwt¢ p~, wilh al! pramium~ Ihereon pa~d in full, (ire i~suranct in ~M ufual ~tand+rd policy fwm, in a~um ~pprov~d by tM MORIGAGEE. ~nd wind~tonn u-~wruK~ ~n ii?~ ~wai i~.~..e~ poi,ty iwM. in ~ w~n ap~r~~.d i,y ~i~ ~KTGaGEE, u~ ~uch ca-fiys~?y w ca~sWe~~as u iiss iVtc~iv~'vEE msy dir~cl~ ~nd all (k~ ~nd w~nd~W~m in~ur~nc~ policisf on any of uid buiW~np~, ~ny Inttr~~l tM~~io o~ p~rt thet~of, in tM ~pyreya?~ We? ~for~~aid ot M ~auss ~M.wi, ~Mtl contain th~ uiual ~undud ma?9apN claua~ a iuch o~hN c1auN ~i ~M MatQa~ may ~puu~. m~kinp IM lo~s undN sa~d po1F cis~. ~ach ~nd ~v~ry. payab~ ro ~~id MORTGAGEE a~n in~erat m~y ~ppea?. and each ~nd ~va.y tuch policy ~MII b~ promptly s~s:9n~d ~nd d~liv~~~d ~o . any Mld by said MORTGAGEE as further iecv~i~y to u:d mor~pag~ dabt, ~nd, na Isu tMn tM (10) days in ~dvanc~ of th~ ~xpir~Gon of ~~ch policy. to d? , liw~ ro uid NIORTGAGEE a ~~Mwal tMreof, togetl?N with • rec~ipl fw tM prtmivm of suth rK?twal; ~nd ~htr~ ahall b~ rq fir~ or windstann ir?wr~nu pl~ced on ~ny of said buildinps„ ~ny fnter~~t ~h~~e~n a pa.t th~rwf, unlsu in tM form a~d wi~h th~ lou payabl~ u~fwNaidj ~nd tn ~M ~v~nt any swn of nan~y becwn~s p~yabl~ undK wch policy w potrciti ~aid MORTGAGEE ~hall Mw ihs op~~o~ ~o recc~ve snd ~pply ~M um~ on auov~t o/ tM Ind~bted~ rau ~tured Mr~by w ro ptrmit said MORTGAGORS to ~K~iw and us~ it or any pan thereol fw other purpotp, without tht~ebr waivi~ip a unpair- inp any puity, li~n a riqh~ ~~der a by virtw of ~his mortype; and in tM ~vent said MORTGAGORS thafl fw ~ny r~aw~ iail •to kNp 1h~ uid p«mi~N w „ lnsured, w(ail W deliver promptly any of wid policies of insuranc~ to said N10RTGAGEE, or fsil promptly to p~y fully +ny pr~mium fhtr~for w in ~ny ~~ipM F~il to pe~fwm, dixhuye, e:~cute, ~ifect, compler~, comply with ~nd abid~ by this cov~~ant, or any part Mrwf, ~1d MORTGAGEE ~nay pl~c~ ~nd psy (w iucfi Inwranc~ o~ any pan thersof without wahrlnp a ~ffxtinp ~ny option, Il~n, sqv~ty, a ri9ht unda a by vi~tw of Ihh Mat~ap~, ~nd tM , futl amo~nt of each and ~v~ry s~ch paymem ~MII be ~mrnediately dw and payabh and ahall bsar i~t~reit from tM date thtrwf ~nUl paid a1 tM raN ol " nin~ psr temvm psr ~nnum and togethe~ with such interest shall ba secured by tM li~n o~ th(s morty~y~. 1. To parmi~, commil or sufter no wa~t~, impairment w deteriarstion of said p~opaty or My part tMreof. S. To pay all and iirpul~r ths costs. char~e~ u~d ~xps~ues, includi~p • re~wnabl~ ananey's fk and oo~n of abttr~ets of titl~. incvn~d w pafd N any Y~ms by ssid MORTGAGEE. btcause w in the ~vsnt of the fa~lur~ on the part of tht ssld MORTGAGOR ro duly, p~omptly and fulty pNfor~,'d~acharp~ ex~cute. ~ffect, complNe. comply wah ~nd abide by ~ach ~nd every the stipulatwns. agreemenn, conditions. ~nd cownann oi uid promiuory noq ~nd thu ~norty~e se~r a ei~l+er, and sa~d cosn, cMrges and expeiues. e~cA and wery. sMll b~ i~++m~diately due ~nd p~yabtet whetMr w nM th~r~ b~ notic~ dr m~nd, ~ttempt fo mlletl or wi1 pend~ng~ and tM full arnw~nf of each and we~y s~ch paymem sMll bear infer~st from tM dd~ fherpf w~til p~id af tM rate of nine per centum per uuwm; and all s~id toats, charpes and eapenscs intvrred ct paid. togHhe~ w~th ~uth inMr~sl, aha11 b~ s~cur~d by ~M tNn of thi~ matpape. 6. That (a) in Ihe ~veM of ~ny bre~ch of thii Mwtyspe o~ default on the part of the MORTGAGOR, a(b) in tM ~veM ~~y of s~id ~un~ of mo~ey he?ein ~e(erred ~o b~ nW promptlY and futly paid within ~h~~ty (30) days next ~fter Ihs same severatly become dus +~d p~yable. without dan~nd w nolic~. w(c~ in the event eacA and ~ve~y the stipu:ation~„ preem~nb. conditions and covenants of w~d promiuwy note Md th~s mwtqp~ ~ny a ti1Mr u~ no1 iuly, prompNy and iutly pe.formed. dachar~ed. exec~~~d, ~iFeded. comptsted, compGed ~i?h ~nd ~b~ded by. ~hen in eitFw w~ny s~ch wMt th~ s+id a~ flre9at~ wm menrioned in ~aid prom~ssory r+ote then ?emaining unpaid, with intcres~ sccrued, e~d sll moneys sacured hereby, ~hall bacorn~ dw and p~y~ +ble fwthwith, w thereafta, at the optio~ oi taid MORTGAGEE, as fully and comptetcly as if all ol the wid wms of mawy wen ppinally ~tipulated to b~ paid on s~th dsy, anything in ss:d promissory note u in this Morl9age to the contrary notwifhstandirt9; and thertupon a then~ftN at tM option of •aid MORTGAGEE, without notKS or demand, suit ~t law or in eQ~iy, therefore a theroaher be9vo, may be pro~ecuted a if ~II ma~eys secw~d hKeby had matured pnor to ifa institution. 7. That in tM even~ ~har ar iM beginn~ng of w at any ~Ims pendirg any suit upon this Mo.tgage, o. ro fo.eclos• it, a fo reiwm U, or ~o ~nfaa payment of any cla~ms hereunder, said MORTGAGEE shell apply to the Court hsving jur~sd~cuon thereo! fw ~M ~ppointm~nt oi ~ Ret~iver, such Covrt sMll fwthwith ~pp~m a rece~rer of said mo?tgaged prope.ty all ~nd sin~~ler, includ~ny atl snd s~ngu~ar tM income, prof~ts, iasws a+d r~venws from wMt~ver tource dxived, each a~d every of which, it beinp expressly understood, is hereby mortgaged ai if specilicdly set fwth ~nd dtwibed in ih! qr~ntinp a~d habendum clavses hereof, and such Receiver shall have sll the brosd and eifective funct~ons and powe~s in a~ywise ~ntruited by • Caxt to a Receiver, and such appointmeni shall be made by such Court as an admifted squity snd a matter ot absolute right to said MORTGAGEE, ~nd without r~ferenct ro tM ~deqwcy a insdeqwcy of ~he value of rhe prope.ry mortgaged or fo ~he ~onrency a~~aolvency oi said MORTGAGOR w fi~e def~ndants, and that s~ch rents, prolib, income, iuues and revenues shatl be applied by such Receiver accord~ng to the lien a equity of s~id MORTGAGEE and ~he pr~diu of wch Court. 8. To duty, promptly and fully perfwm, discharg~, exetute, efiect, complete, comply w~th •nd ab~de by each ~nd ~wry tM stipulatiau, qreemN?ri, conditions a~d covenann in uid promisswy note and this mwtga9e set forth. . 9. Thst in tF~e event the ownership of the mortgaged prcmises, a any psrt thereof, betomes vested in ~ p~non other fMn the MORTGAGOR, fM MORTGAGEE, its successaa and assiyns, may, without notice to the MORTGAOR, desl with ~uch successw a sutct~sor in interest wifh referenc~ ro this mat9age and the debt hereby secured in the same manne+ as with Mortgayp witFwut in any way vitiatinp p dixharyinp the MortpaQort' liabilify htr~- ~:n,~: w.,pa~~ ~:-K ~a`v: :.a:eisr se~v+ra. i:o ~.ie oi ine prem~ses nereoy mortyaged +nd no iwdearance on tiN psn oi tne iNC)RI(iAGEE p iK wccesson o. ~ssgns and no extension of ~he rime fw the paymem ot tke debf F~ereby secwtd yiven by the MORTGAGEE a its sucussws a auipns, shall operat~ to release, d~uMrge, modify chanpe w affect the orig;nal liab:lity of the MORTGAGOR herein, eitlxr in whole a in part. 10. It is specifically agreed tAat time is of the essence of lhis contract and that no w~iver of any obligat~on Mrwnder a of ~M oblipation s~- cured hereby shall at any time therealter be hetd ~o be • waiver of the terms hereof or oi the instrument sec~red herby. I 1. In add~tio~ to the forego:n9 month!y paymenrs of princ pal and imereat rcquired by the promissory nole secured hereby, mwtgagor covenants and agrees to pay to mortgagee vv~th each monrhly pair.,ent an add~~ional sum est~mated by mortgagee fo be equsl to 1/12 of ti~e annua) cost of the fotlow- ing: . r....~.:~ :o..~s .~..cv oascaacu oya~~w ~~~c auuve Vexn~cw reei ea~ew. B-Premiums on fire and windstorm insur~nce as herein requ:red to be csrried o~ the improvements situate on the abOVe desuibed premises. ' C-P~em"sums on such mongage guaranty ir.surance as mwtgagee shall from Nme to time deem fit to urry on the loan secured hereby. Mortgagee shall from time to rime notify mortyagor in wriling of the amoum due and payable hereunder and futh sum sMll thereupon be dve and i Fayable on the due date of the next monthfy oayment and euh successive month theretfter until mortyapee shal~ notify mortyeyw of s chanye in such amount. Such sums shail be app:ied by mortgagee towa~d the payment of real property ta:es, inwrsrxe prem:ums, and mortyaye ywrsnty insurance ~ premiums. ~ ~ IN WITNESS WHEREOF, the said MORTGAGOR has hereunto set his hand and sql the day and yea first aforesaid. ` Signtd, Sealed and delivered in the preunce ofj~ i ~ I P~1i1 ~t$s0A1 ~ tl-~'LI a~ ~ L. ~9~~ .,i ~ r 1 Pu ve ul ler .n ~ 6i:~ ~tRCti1~ ~ ' ' ~ . ~ ifCORD ~fk?~~tr....~.~.-~ Y9 vermu ~ er ~ , _ aQ ~ STATE OF FLORID ~ ' 3 ~ ~+A'7~ ~ couNnr oF St . L uc ie j~ 336538 ~ set„~ m, pe.,o~,~~y,ppea?~d K~rl Pulvermuller ~ .~AyC@ Pulvermuller his wife, to rrM well knawn ~nd known to mw tn ~i ~ the individwls described in and who executed the foreyoiny instrument, and atknowledyed befote ms tFWt they ~x~cuted tFw same for t6e purpo~es ~ rhe?ein expressed. And the taid .IAyCQ Pulvermul ler ~ rvife of the said ~TI Pulvermull~r , ~pp~ • separaf~ and pr'rv~t~ r exami~st:on by me taken separate and apart from her said husband, xknowlcdged to and before rn~ that she execvted said inttrumenl freely and volw~- ~ rarily a~d witFwot any compulsion, constroint, apprehensipn, a fear of or from her said husband. . ~ WITNESS my hand and official seal thi¦ f Q~ day of A. D. 19_~2_ - ~ ~ /j f ` .t. ~E'!~ Notary Public in f he Stab of Florid~ at larp~ ' ~ My Commission "res: Return To: 1 F First federsl Savi~gs d. Loan Associahon Nebry Pubfit, S1eh of 17vrida e/ f OF Fort P:erce. M ~ Fort P~e~ce. Florida ~ iden E:piry Jv'Y ZZ. 19.7 a b)' M~edron F~n a Ga~volh ~ 4 E ' i ~ This Instrument Prepared By Gary F. Ell~v~od ~ ° First Federal Savings & Loan Association ~ a ~ & of Fort Pierce ~ FZor ida _ ' - ~ 9 Checked By (h~ ^ . - _ r` . ~ ~ ~ ~ I r~ - , ~ ~ E f i ~~J FAGE ~ . . ' ! ~ ~ ~ ~ ~ ~ r i ' C fl ~ , . - _ _ - _ , _ ~ ` - _ ~ _ > •