HomeMy WebLinkAbout0398 Te plaa u~d canUnuoiuty kNp on tM beildi~ oow a hK~aftM N1u~n on aid 4nd and on ~11 pviprwnt ~+~d pKtoMliy covK~d b1? ttd~ mat~
p~, wid~ dl prankma ~Iw~wn paid in (ulb fin inwr~na in ~Ir vwal ~~W+dud poliey fpn~, in ~ twe appowd b~r tM MORiGAGEE. ~nd wte~dawnn
inwwna In tM wwl aNnda~d pd~cy fo~m, b~ wm approv~d by tM MORTQAGEE. N wch carRp~nY a oompaniK a tl» MORTGJ?~iE! nNr
• i~cy ~nd all tln and wM~d~w~m Mawana potictN on ~ny of Htd bulklwq~, ~ny inNr«t ther~in w p~rt ~huwf. in tM pp~pah ~wn ~fonsaW a
;~~n ~xaN tMno/. ~+It aontain tlw u~wl ~tandard morroa~ daw~ a weh aMr dws~ a tM IIAo.tp+~ ~+Y e~au+n. makM~p tl+~ Iws wd~ wid poll•
ciM, ~ath ~nd ~wrr. WYaW~ 1o aW MORTGAGEF a i1s int~~u m~y p~u~ ~nd ~ath ~ad ~wry wd~ policy ~hail b~pran~ h a~~pn~d a~d d~liwr~d lo
~nr h~ld bp s~id MORTGAGEE ~s fwtha Ncvrity to s+id mortpap~ d~bt. +nd nW ~han 1101 days in ~dv~na of t1w ~xpM~tion of ~ po1kY. 1o d~ ~
UvM to ~afd MORTGA~iEE •~wal Nwriof. Iop~tMt wNh • haipt for tM pnmfum oi sueb ~~w~4 w+d tt+K~ tiw11 M ew fin w wied~wrm M~sur~na
pl+ad on arq? of sNd buile~ ~ny MNnst tM?~in or p~rt ther~ot. unlNS in tM fwm ~nd with tM loss payabl~ a afa~s+id~ and in th~ ~wiM ~n~r w~
~~Y b~ca~N p~YabN w+d~r wch Polkll or policia ~W MORTGAGEE ~hall haw th~ optfon b naiw ~+d ~pp1y tM ~ on ~coount ol th~ M~d~W~d
' wa wcw~d Mnby a w p~nnit wid MORiW1GOR5 ro noav~ and us~ h or ~ny p~rt fhlrpl f0~ aM~ pwpaN„ ~ri~hout tMr.b~ wat~inp a imp~ln
. Ip ~ny .quiry. li~n w~i~ht undK or by vinw of ~hb morf~aq.~ .nd in ~M •v.+u ad MORTGAGORS ~i+.il (a M+y ~.+son fNi a k..p ~M .~id pnmis.~ a
' MNR~d, e? fNl to d~NvK pranP~~V +~r ~ s+W polittes oi insw~nu b~id MORTGA(3EE. a faii P~~P~~1? to Wr fuity ~ny pnmiwn thM~fa a N~r
' n~et fAI b pwlo~+n, ~et+~r~. ~xeevr~. ~N~et. eaenplN~. ea^P~Y wi~h and ~bid~ by ~I+is aownw?t. w ~e?y p~r1 Iwnof. said MORTGAGEE ~y p1ao~ N?d
ph? tor wd~ tmu~ar~ w a~ry put tFw~wf wNlwvt wshrinp at ~fhctMp +elr aWio~. UM, puNY. m ri~M und~t w by virlw d~ Mertp+p~. ~nd th~
full ~nwvnt ot Nth ~nd ~wry wd~ paym~m thall M imnwdi~Mly dw and pyabN ~nd ~hall b~at teq~taf fran 1M da» tMnof w+til paid a tM nN ol
nieN pM oNnwn pN ~rwwm ~nd topttha with weh intaat sMU b~ aewrd b~r 11» IiM of this nw~t~~p~.
1. To pumtt, oo~m~i1 or wff~r no wa~te. imp~'um~nt w detNioation of ~aid prop~fy or M+p p~rt IMrwf.
S. To p~y all and Wnpvl~. th~ oat~. c}wpa and ~XpNw+. inchrdi~p • nawnsbl~ attom~y's fN and aosb oF absu+cts of title. incwnd ot p~W at
~ny tinr by saM N10RTGAGEE, b~eaw~ or h the ~we?t of iM f~ilw~ on th~ part of tM ssid 11AORTWIGOR b duly. pra~~ly and fvlN P~?fan?. ~
~x~cut~. ~ffw. aomPkN. comPN wirh and ~bid~ by Nch a~d wery the it3pulatiorw +pn~w~~s. oonditfo~a. and aown~na oi ~d pant~ory na~ w+d thb
~orp sny w etrhM. and s+d eost~„ dw.pss and exp~w~s, ~ad~ :nd wKy. sMll be k~rn~di~t~h dus ~ed p~r.bhl wMrhK a ew~ Hia. b~ nwia d?
m~nd,~tNmPt to aolhet a wit P~nd~inpt wid ~M full aenovnt of ach and way wch paym~M ~h~ll bN. M+tK~st fraa ~he daN Nrrwf u~Nil paid~M th~
ra~e oi nin~ pK untum per nrwmt and all s~id aosn„ charp~s and eup«~s i~?cur~~d a p~id, topetMr with wch intw~at. slNll bt s~cvnd by tM Ihn of thi~
matY+p~- - ~
6. Th.t c.) a, N+..wm ot .ny bn.ch ot thi. Morrp.p. w d.~+ua on H,. par+ of th. MoarcnGOR, a. (b) tn +h. .wm .np of ..id wm. of nw~wp
hK~in nfKnd ro b~ not P~a^P~hi ad fully pak! w~~hio thirty (30) days ~ext aftar rh. s.~+. a.w~.~ti e«o~+. dw «,d ar+W.. wniww dan.~+d o~ naio..
a(v in tM twM taeh ~nd ~wry th~ sfipulation~, apr~amMS. eonditioM snd oov~nM?b ot said promlafory not~ and this morfpap~ anY Or ti1Mf irf eWl
iulp, promptly a~d fvlly pKfam~d~, d'achuped. ~,cecuted, ~ffecad, compl~t~d. compli~d with uid ~Eidsd by, th~n in ~itlwr a any wch tva?t. tl» ~id ~g
pr~t~ swe en~ntio~sd in s~id promhswy not~ ~h~n remaiednp w?p~Fd, with intatsl ~etrwd. ~nd all money~ wevnd Iw~by, sl+all b~oon~ dw and pap i
abl~ fwthwitF~, or th~r~aBK, a~ tM option of said MORTC,AGEE, as fo~y ud coma.~•y ~s if all of ~l,~ s~id swna of mon~r vwn wpin~lly stqwbtsd t:
ro b. P.;d a? wch dar, anythieg in wid p.omiasory na~ or h th(s Mwtya~e to tM cont.uy notwi~Mtandinp; u~d tMrMpon w thK~~h~r the option of
uid MORTCsJ?GEE. without no~ic~ a dNn+od, wit ~t law or ie puib, tlw~don ar thMwfNr bepuq. nwf? b~ p~os~au~~d as if ail mo~rs Naur~d I~~b~?
Md awtur~d piwt fo ita kWitvtia~.
7. Th.~ ln N+. w«,r nut ~t N+e b~rro.inQ of a N.ey rin+. per~dino .er wsr vpon thb Mo.q.g.. « a for.dw. B, o. fo nto.m n. o. w.nfo?a. -
p.yn~e of .rnr dati++s M.ev~+d... •aid rNORTG~GEE sha11 .ppty ro N+. Covn h.vi~g ~wa6aion ~herwf for rhs appoN?~nsnr of • Rec.iv.r. wd+ Coun sh.tt
fwtMvith ~ppoint ~ ract+wr of wid mortQ+~d Proper~Y all snd sirgular. includr+q ~11 a+d sinpula~ tl» • income. Profits„ issws and rw~s from wh~t~vM
www d~riwd. ~ad~ snd ~rery of whid~, it b~inp exprculy w~dai~ood, is haebY e^o?ty+ped as if specifically set forth u~d d~wib~d ln th~ ~~ntlnp and .
h+bMdwn davs~s hereoi. and wch R~oeiv~r ~Iwll Mve ~11 the bwd and eHecriw funcr~a?s arid powers in anywise ~ntnnad by a Co~H to ~ R~oelwr. and
wch sppotntm~nt ah~11 be mad~ by wch Courl as ~n admitted equity ~nd a matter of sbsdute i~ht w s~3d ARORTGAGEE, ~nd withoW n(KN+u b 1hs
+deqv+ty ot in~d~qvacy of th~ v~lw of tht prope?ty matpped or to th~ whrency a~nsolvency of aid NIORTGAGOR w th~ def~ndant~„ ~nd rhat wch f
ren~, profifs, Irwon?e. iaws and r~venws sh~q b~ applied by wcfi Reuiver xcadinp to th~ li~n or squ+ty of said MORTCsAGEE ~nd th~ praaio~ of wch
Court. ' ;
9. To duFy. P~~^P~~1? +^d fully Perfon^. dischar~, exacute. effect, con+Pkt~, oomP~Y with ~nd ~bid~ bp tach and rw~y th~ stipulatiom„ +prNm~nb.
conditio.u and oovsn~nt~ in said promissary nor~ ~nd ~his matpa~ set forth. _
9. ih~t in tl~e evem tM own~rship of tt~e mortg+y~d premisss, w arqr part ther~of. betomet vat~d in a pena+ otMr th~n tFr MORTG/1GOR tiy
MORTGAGfE, its wcce~son u+d aasipns. may, witlwii~ notice to the MORTGAOR, deal wi~h wch sucaasa w axcessw in inter~sf with nfennu lo tlw
mw+qay~ aod ihe drb~ hereby s.cwed in tM sarrN manne. a wnh Matyapor w~tl+out in aey w~y vit~ie~ a d~uh+r~inp tM Ma~papa~' li~biltty !wn- [
under w upon the debt Aereby s~cwed. No sal~ of th~ Rremises he~cby matp~yed and no fwb~ar~na on tM prt of rhe MORTGAGEE a ib woo~ssors
or auiy.n ~nd ra eateeuion of th~ tinw for the p~ymMt af tM debt hereby sicwsd qiwn by the 1MORTGAGEE a iri wco~ssw~ w~ssiprn„ sh~ll opr~N ~
?o rNspe, d:sdurp~. modify chaepe w affact th~ orginal li~bility of tt+e MORTGAGOR Mr~M~, ~kl~ in wMl~ a M per1. t
10. It k spec~fically sgreed tha~ rim~ b of the _ essenc~ of this caur~ct and Mst no waiwr of any obliQatioo hereun~br or of th~ oblip~tloe t?
cured F~eb~r sMll at any tim~ ther~aher b~ held to b~ a waiva of th~ tNms hereof o? of the inatrwiw~t s~cw~d F~by.
11. In ~dd~tion to the iwego:~g monthly p~Yments of prin~ pal ~nd i~terest rcquired by the promistory note sec~rd iwreby, mort9apot aov~n~Ms
and ayraes to p~y to mortgayee with esch monthlY paYment an ~ddirional sum estims~ed by mortyapee to~be eqwl b 1/12 ai the arvwal oosf of ths fdlow-
iny:
A-All real properfy tax~s kvied or assessed apairut ~ha abov~ d~svibed real estate.
8-Premiums on fire snd wi~dstorm inswa~us u here~n requaed to bs urr&d on the improv~n~eMs sHwte on the ~bave dacr~cd pr~nit~s. g
C-Premiums on wch mon9aye puuanty inwranc~ ss mwtyap~e sh~il from rim~ ro time deem fi1 to wry on the Iwn secwed h~reby. f
Mwtyspee shall from time to time notify mortgagor in wriNrg of the smount dve and payable he~eunder and such wm shaU there~pon b~ dut and
pay~ble on tKe due date of the next monthlY paYment and each succeuive month thereafter wetil mwtyspee sMlf notify mortpppr af • cl+~np~ M w~h
amaint. Si?d~ sixns sMll be applied by mwtgagee toward the payme~t of reaf prop~rty taxes, irnw~nce p?smiwns, ~nd var ~
morty+D~ ~ aMY w~n
premiums. ~
~ IN WITNE55 WHEREOF, the s~7d 11M1ORTGAGOR has herevnro set his Mnd and sea! t da su finf aforesald 1' f` ~
; Sip~»d, S~al~d ~nd delivered in the pes~nte of:
i ~
errell William Lo Sr
i
{
~ rt.~n
f STATE OF FLORIDA ~ '
St Luc i e - r Y~ '
courmr oF •
e.fa~,TM~,«~,uY,~,~.a :;errell ~lilliam Lon , Sr., a sin le adu t~~~~~~~~•.r, ~
- . l ~ . 1 : ~ - ~ -
:,~,rx to n+. vwN k,wwm`:~f t i~' ~ r:i=,
tl~+e M~dividwl described In and who exetutd tFw forepoinp instrument, and acknowtedp~d b~fort ms that F~e ~x~ar~~d ~f~` . •r
rhsrein ~xprawd. -
- "'-cc .
Q ' ~
~ ,
~ wITi~lESS rrh, twna snd officid s..~ d.p ,f A st I-,1~ ~i.'~, i~~~ 1
t~r . '
~ 'i . i~ O~ ~•v~,..'~i .
i \11r i .
k sry Public in and for fh~ St~N M~~ •N~-- .
! My Canmiuion ~xpir~ • " +?~i~ti'?s` ~
j . Return Ta . ;i0TAR1( PUBIIC, SiATE Oi iIORtDA AT 1AR0~'~ft
; Fint FuMnl Savirys 3 loan /?uociat~on Mr CWEMISSIOi'1 EXPIRES AU6. 12. 19I~
~ Of FoA P~erce. BONDED IMROUGH iIUQOiKI - MYGII~E/ERRY. INO.
" fort Pierte, Flwida
f
i
This Instrument Prepared ByRobert A. Swish~eY', Jr. ~
First Federal Savings E~ loan Association
of Fort Pierce, Florida 4 r
Checked By~ ER~~ 1 $ `
REe~ 0 YERifI 8 ~ ~
344483
~ ~aa~ 7~7 ~ - . , . ~r 1 8 ji ~M'1i
39~ .
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