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HomeMy WebLinkAbout0522 J. To plac~ and co~tinuo~rsly kc~p on the bu~'d~nys ~ow o~ htre~ft~r ~itu~N on s~id lu+d a~d on ~II equipm~nl ~nd p~naully tov~r~d by th{~ mor~ ~p~, witA •II pnmium~ thereon pa~d in full, tire u~sur~nce in 1he u~wl slardud poticy fptm, i~ a tium •pprov~d by /M MORiGAGEE, ~r+d winduam :.-c'siriai»i ict iFss L-svat ita~::Fs:c# ~a:ici tacci, ic~ i s~i:i srr:vti-c~ t~y iFiz ~s'.4^s~iGAG.E. ttt t°.~tFt -v~:::ycr~{ of t~n~3tt€t3 ss tt!a lV4~Tf!+GEE f+H~ duKlj ~nd ~II (u~ ~nd wind~torm iniurann pol~ci~s on any o( s~~d build~np~. My 1n1~fNt tF1H~N1 O~ ~II fMf~pl, in iM appr~ya~ wm ~fa~wid a in ucceu ~hereof, sMll contai~ th~ uswl i~andud morrqaqe~ ci~u~e w ~uch o~her cl~uN a tM Mor~ppa m~y rp~in, makinp tM lou undN ~a~d po14 ci~~, each ~nd ~vNy, paY~bt~ to s~id MORTGAGEE as ~b interes? maY +Ppear. ~r~d eah and ~ve•y ~uch policy ~h~ll b~ prompUy au.yn~d a+d d~livKSd ~o ~ny hsW by sa~d MORiGAGEE as furrFur secunty to sa~d mo~~9~~~ debt, and, no~ leu ~Mn ~en (10) day~ in ~dwnc~ ot tM ~spu~~ioe ol ~~ch policy, eo dr r iivN to sa~d MukiGAtiEE a r~newal ~n~r~oi, tope~ewr w~tln •?ece~pt iw ti» pnrmwn of s~xh r~~?ew~i; ~nd lhlt~ fh~ii ioe no iir• w wind~~orm inwr~nc~ pl~ted on ~ny of uid bvildinp~. ~ny inlertit tMre~n or part Ihereof, unlea~ t~ tM form ~nd with tM loss paysbl~ a~ •(a~uWj ~nd in the ~v~nt any ~um of nan~y becpr~s payable u~ such pol~cy or polrc.i~s iaid MORTGAGEE ~MII hew the optio~ Io receiw snd ~pply tM s~m~ on ~ccount of tM ind~b~d~ neu s~cursd h~rsby w a permit uid MORiGAGORS ~o reteiv~ a~d us~ it a any put tM~~of for o~hor purposes, wi~Fw~~ thareu~ wa~viny or ~mpai~- inq ~~y puity, lie~ a.iqht under w by virws of this mo:r~~ye; ~~d In tM ~vent sa~d MORTGAGORS shall fa ~ny reason tafl to kNp tM s+id pn~niu~ w insu?ed, or f~il b dsliva promptly any ol iaid po~icies of in~u~~nc~ to s~id MORTGAGEE, or fail promptly to pay fully any p~emium therefor w in ~ny rs~petl fail fo pa(am, discharge, exetut~, ~ifect, complets, comply with ~nd abid~ by Ihis cownsnl, a ~ny p~r1 herwf, s~id MORTGAGEE rnay pl~q ~nd p~y Fw such Msuranc~ or ~ny part thereof without waivinp w ~ffectinp any oprion, li~n, puity, a ripht undN w by'virtw of this Mortpap~, ~nd the ' full ~movn~ oi e~ch and ~v~ry such paymem ihall be ~mmediately due and payabl~ and shall bear ie~terest from tM dat~ tMreof vmil paid at tM rat~ oi - ~int per tentum per annum and togrther with s~ch inte~est shafl bs setured by the lisn oi thit mortppe. To permit, commit or sutfer no wasro, impairment or dete~ioration of said p?optrty ar any part thereof. S. To pay all ~nd ~inpula? the cosu, charpe~ ~nd expe~ua, i~cludinq a rcasa+~bl~ at~an~y's f~a u~d cotU of ~batracts of fitl~. inwrred a paid ~t a~y time by said MORTGAGEE, becaux or in th~ ~vent of t1~e f~ilwe on th~ p~rt of tM taid MORTGAGOR to dvty, promptly ~nd fully ~(orm, d~aM.Q~, execvr~, effect, comptete, comply w~th and ab.d~ by each and e~ery the a~ipulaf~ons, agretmenN, tonditions, ~nd tow~anb of uid prom~ssory not~ and th4 i mwtyast any w ~ither, snd said costs. cF+uges ~nd expentes. each aru! wery. thall bt imrnedistely dve and payiblr, wM1Fur or no1 tMr~ b~ norice dr u msnd, attempf to coltecl a wit ~nd~ny; and the fvll smount of sach ~nd evay such psymem shatl bear interest from tM dat~ tMreof unrit p~id at the rate of nine per centum per a~~~um; and all said coits, chargas ~nd expenxt i~curred or paid, tog~Iht~ w~th such inbrtsl, ~MII b~ a~cu~ed by tM lieo of thw ; ^'°rtpp~• ; 6. That (a) in the svenf of any breach of thii Mortgay~ or deiaul~ on ths ps~t oi th~ MORTGAGOR, or (b) in tM event ~ny of sa~d wms of many herein ~sfensd ro be not promptly and fully paid within ~hirry (30) days nexf af~ev the sam~ se~e+,uy lxcoms due •nd paybk, withoul dcmand or ~otic~, w(~ in the ev~nt each and every the :fiputeiions, agreements, condifions and covenants of ia:d promiuay note and th~s maty~ye any w~ither ~re no1 iuly, promptly a~d fu11y psrformed, d~i:harged, execuead, ~ffected, comptetad, camplced w+th and ~bided by, thsn in •~tMr or ~ny such ~wm th~ said ~ gregate wm men~ioned in said p?omiswry nore the~ remaining unpaed, with interest accrued, and ~11 moneys secured hereby, shall become dus and p~y- able fathwith, or theresfter, ~t ~he opr~on of said MORTGAGEE, as fully and completely as if all of the said wms of moMy wer~ apin~lly s~ipulNed to be pa~d on such day, any~hing in sa~d prom~sso.y note w in ~his Morfgage ro ~he comrary notwi~hstanding; and ~hereupo~ or thereafter at tM op~ion o1 said MORTGAGEE, without notice o~ dcmand, suit et law w in equity, therclwe w thereaft~r begun, may be prosetultd q if all morKyt s~cur~d lNr~by had maturcd pna to ~ts instiWtioo. 7. That in the event that st the be9inning of w ~t any lime pending any tuit upon this Mwtgsge, o+ to fweclose it, or to teform it, p to enfo~p payment of any claims hereundct, said MORTGAGEE shall apply to the Court M~ing jurisd~c~ion thereo! ior the sppo~ntment of a ReceivK, such Court s1+~11 forthwith appoint s receiver of said mortyag~d properly all ~nd singuf+r, includ~np all apd singular tM incomt, pof~ts, iuue~ ~nd revenws from wFut~vtr sourte derived, each snd every of wh:ch, it being expressly understood, is hercby morlgsged as if specifically sN fwth and deuribed in tht ~anlinp and habendum clavses hereof, and such Receirer ahsll Mv~ sll the Droad and effepive /unctani and powers irt a.~yw~se Muw~ed by a Court ro• Receivp, ~nd s~ch appointment shalf be made by wth Court u ao admincd equity and a matter oi ~bsd~te ripht to said MORTGAGEE, and without r~ferenc~ b th~ adequxy o~ inadeqwcy of the value of ~he property mongaged or to the so~vency a insoivency of s~~d MORTGAGOR a ~he defenda~n, a~d tMt tuch renq, profits, income, issues and revenuet sMll be appl+ed by such Receivar accwd~ng to the lien w eqvify of Nid MORTGAGEE and the practiu oi ~uch CouA. 8. To duly, promptly and fuily perfwm, diuharge, exacure, effect, complete, somply with and ~bide by e+th and evtry t!w sfipulations, ~greema~ts, condilans and covenan4 m aa~d promisswy note and this mortgage set fwth. 9. That in the event the ownership of ~he mortgaqed p~emius, or any psrt t}xreof, becomes vested in • penon othe~ fhan th~ MORTGAGOR, th~ MORTGAGEE, its ~uccessas and ass~gns, may, withou~ ~otite fo the MORiGAOR, deat wieh :uch successw d tuccessa in interesf with refsrence to this mortgaye and the debl hereby secur~d in fhe same manner ~s with Mortgagor without in sny way viti~tiny a d~xharpir~ the Mortyayors' (iability here- • v !-.f • ' " . ~~y~~ nJa :1`w v"' Zt~v:cL. L:" . "'f a:'_ • • • - ' ;;;:v. ,c v . r.c....ses .e:e::y _ ::yoy~.. : ...:.aec:.-.K vti {~76 ii-eii v: iiw ~iwiwivi~v~~ i7i iis ~V~COS70~1 w assgns and no ex~ension of the time iwvthe payment of the debt hrreby secured givenvby the MORTGAGEE or its wccsssors or usi9~s, ahall operat~ ro release, d~xl~arge, rnodify change ar afiect the orig~nal tiab~tity of the MOQiGAGOR herein, either in whole w in part. 10. It is spec~fically agreed that fime is o( the esunce oi this contract and that no waiver of any obl~gatip~ herevnder o? of tM obliyatan N- cured hercby shat! at any time thercafter be hetd fo be a waiver of the terms hereoi a pf the instrument secured herby. . I1. In add~~ion to the forego:ng monthty payments of p.inc"paI and inrerest required by the promissory rate secured hereby, mort9agor covenanti and agrees to pay. to mortgsgee with each mo~thly payrnent an add~rional sum est~mated by mwtgagee to be equal to 1~12 of the annual cost of the fdlow- ing: • i ' s_su ti .L_ 'l,_""_ J____'~_J , . ~ . . ~ ..r.~~ ~ B-Premiums on fire and windstorm insu~ar.ce ss herein roqu~red to be ca~ried on the ~mprovart~ents siTVate oo the ~bove dewib~d premises. C-Premiums on such mottgage guaranty insurar~ce as mo~tgagee shall from time to time deem fit to carry on the loan tetured hereby. ~ Mortgagee sha!I f.om time to rime notify mortgagor in writ;ng of the amo~nt due and payable hereynder and such sum shall therevpon be due and { 'F payable on the due date of ~he next monthly payment and each successive month thereafte? urtil mortgagee shall notify mortgsyw of a chanye in wch ; i a~ount. Such aums s6all be app:ied by mortgagee toward the payment of reat property taxes, insurance prem:ums, and mortgage gwranty inwr~nce ~ f premiums i WITNES$ WHEREOF, the s~id MORTGAGOR has hereunto set his hand and scaf t!u day and year first afor id. i S~yned, i r~~n the presente of: i ~ ~ ~ ~ ~p AMU RfCO~tOfO ne•n ~ " - ~'~.L~C1E COUNTtf FtA. ~ harle B ns ~ , • c r . I106c A ~OITRIIS ~ ` ~ ~ CLFRR CIttCU~T COURT Gt~ ~ e~` (ss~4 ' . tlf.C~RD~EQ~`;'•"•~ Pearl Svans ~ STATE OF FLORI~A 3 oa PM' 1~ : ~ couNtt oF St. Lucie ~ Before me perwnally appeared Charles Bvans ' 3365 ~ . . ' ~ ~nd ~ Pear 1 Bvan s his wife. to me well known_ ~ndiu~ow~ , b mi ta b~ ~ the individuals desaibed in and wFw exec~ted the foregoir~g instrument, and etknowledged before me that they sxttuf~d f~e sserN fw ~(F~f pufpo~N rherein expressed. And the iaid Pearl Bvans _ «~r~ or r?k .~~a _ Ch ar les Bvan s '~.i ~ ;wwn , ..p...+. and Rriv.a ~ examination by me taken separate and apart from her said husband, acknowledged to and befwe me that she execut~d sijd.fp~tru~nsn0 ft»fy ~nd•vp1u~ g rarily and without any compulsan, constraint, apprehension, q fear of or from he~ said husbs~d. . ~ WITNE55 my hand and official sea! thii /'C~- da of 1Lli1e Y , , A. d. 19_?~ G ~~••Y v f ~ 9L.f1 ~~C./ Nq?ary PubIK in snd for th~ Stat~ of f{wida ~t L~r p~ : M Commission e: ird: j~ ~ Retum To: y P t~ ' FErsl Federal Savings d~ loan Associahon ~ • ' Of Furt P.erce ; Forf P~erce, Florida :s . ~ ! This Instrument Prepared By ppnald B. Hughes First Federal Savings & loan Association ~ of Fort Pierce ~ Florida. r~ PACf x C~-~ x ~ Checked By ~ , . j~ ~ ~ ' ~ _ _ _ _ _ _ - ~ ~ . _ . _ _ .