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HomeMy WebLinkAbout0082 - 3 ~ J. To p1ac~ •nd continuou~ly ke~p on tM b~l!Jmgs now or he~eait~r ~i~wt~ on ss~d ~and and on ~11 cqu~pmenl and pt?Waally covt~ed by Ihif Twtq~ • p~, w~th •11 p~ertuuml thereon pa~d in full, hre iniu~ans• ~n ~he uswl t+andad poticy fo~m, in ~ sum approv~d bv ~h~ MORlGAGEE, ~~d w~nd~~am iOiW~M~ in tM u~wl standard pol~cy Iwm, io a wm approvtd by the MORiGAGEE, 1n ~uch tomp~ny o~ tomp+~~ts ~s th~ MORIGAGEE m~y Alnctj ~nd all li.e a.~d w~ndaform insurance po!K~ri on any of ~~id build~rq~. any In~~r~~t Ihaein w p~r~ ttu:eot, in /M a99re0~t~ ~um dor~~aid w .In ~ace~~ the~aof. ~MII conta~n ~Fw usual iandsrd maryeqe~ ctausa a wch o~he~ clau~s •s tM Ma~qaye~ m~y nqu,r~, rtu~inp tM to~~ unda ~~~d pol} ciaf, each and every. paYabl~ to said MORiGAGEE a~ ~u intereu may appeu, ~nd each ~nd ~very ~vch policy shall b~ promptly a~~ pned and detiv~red /o any held by sa~d MORIGAGEE ai ~ur~her secu~i~y to sa~d morty~9e drbt, •nd, no1 less than ten (101 d~y~ in adv~nct o1 the e+cphation oF e~ch policy, to dr livtr to ~aid MORTGAGEE • ~c~ew+l thereof. ~oge~her with a receipl fw the premium of tuch renewal: and ~her~ ~MII bs no f~re o~ wind+tam intur~~c~ • plated on ~ny ol said buildingi. ~ny in~e.es1 eh~re~n or part fhereoi, unless in ~he fwm u+d wiih th~ loss p~yabl~ as ~fw~wid: and in 1ht ~vsnt any tum ` of mon~y becomes p~y~bte u~de~ i~ch policy a pol~ciz~ uid MORTGAGEE ~h~11 havs ~he opt~on to receive a~d ~pply the s~me a+ account of the ind~b?ed~ neu ~ecu«d he~eby w M permit ~id MOR~GAGORS lo reteivs and uu it a•oy pa~t ~hereoi for other Hu~po~es, w~~ho~t the•ao/ waivin~ c~ ~~npa~~• , inp any aq~~ry, lie~ p righ~ under a by virtw of ~his morspags; a~+d in th~ event ~a~d MORTGAGORS shall to~ ~ny rtawn fail to ka~p ths s+~d p~~rt+~tes sc iruured, w(~il to delive~ prompHy ~ny ol sa~d polKie~ of insu~ance to sa~d MORSGAGEE, a fail promptly to pay tully a~y p.emium ~herefw a in +nY - ~espect tait W per(orm, discMrqe, execu~e, ef(ect, comptets, corop~y wirh and abide by this covensnt, or ~ny psrt hereol, ~id MORiGAGEE m+y p~~u +~e _ a... . ~i .Le. u...~.....~ ....1 d.. WY tW fuCA msurance Oi ~ny pan ~nereoi wniw~i w~~vu.y w •:~e..:..y - _ - - - - full amount of eacA u~d every such payment shalt be immediately dw ~nd p+yable ~nd •shall ~be~r infere~t trom ~~M dai~ ~thereof until psld at 1ha rat~ ol nine pe? centum per annum and to~e~her w~th tuch interest siw~~ be secured by tM lien of thi~ motfpaya. 1. To ptrmit, oommil w suffer no waste, impairrtxm w detera~ation of said proptYfy w any pa~1 IF?ereo(• S. To pay ~II and urqutar tha cosls, charges and expe~ses, includinp a ~e~son+ble +ttwney i(ee and costs of abstractf of title, incurred w p+~d tl eny tims by wKi MORTGAGfE, becavse a in the evenl of tl~t (ailure on th~ part ot th~ said MORTGAGOR to dvly, promptly and f~tly pe.(wm, d~uM~9~. execute, ~ffed, complet~, comply w~th and ab;de by exh and every the stipular~on~, agreements, cond~~ions. +nd covenaf~l~ o( uid p?omiisory nofe and thi~ mptya9s a~y w e~~he~. and said tosti, cha.ge~ and e¦penses. each ar,d every. sF»II be immedi~~ety due +nd pay~bt~: whethe~ w ~ot there bs notice ds mand, attcmpt to collect w suit pend~ng; snd the full amouM of tach and every ~uch psymem ihall bea~ intaest leom the d~te thereof until p~id at the ra~e o( nine per centum per annu:n; and all said costt, chs~ges and expenses ioturred w paid, togethe~ w~th such interest, ~hall be secured by tM lien of thu mdtpape. b. Th+t (a) in the evenf of any brexh o( th~s Mortga9e or deiault on the part oi the MORTGAGOR, or {b) in the evenl any of iald tums of money herein rele~rsd to be oot promptly and fully paid within thirty (30) dsys nex~ after Ihe same ieverstly betome due and pay~ble, without demand w eo~ice~. ~ or (c~ in the event each and eve?y ~h~ sGpvta?ions, agreements, co~d~~~ona and covenants of sa:d promisswy note and th~s mortpaye any a eithe~ are not iuly, prompNy and f~tly performed, d~xhuged, execu~ed, effecred, comptered, complrcd wi~h and ab~ded 'ay, then in euhe? or any iuch eve~t the u~d ag gregate sum r?KNio~ed en ssid promissory note then remaining unpaid, with interest aurued, and aIl ~noneys secured hereby, shal) become dw and p+y- able forthwith, or ~hereafter, at ~he opr~en of said MORTGAGEE, as fully and completely as if all of the sa~d wms of monay were oregin~lly stipul~tcd to be pa+d on s~th day, anything in sa:d p.om~s:wy ~ote w in this Mortgage to ?he contrary notwithstandinp; and thaevpon o? thereafter at tha oplion of said MORTGAGEE, without notice w demand, su~t at law a in equity, therefwe w the~eafter begun, may be prosecuted as if all moneys secured heroby had mstured prat to its ir?stiwtion. 7. Th~t in tl+e event that at the begin~ing of or st any time pendi~g any iuit upon this Mortgage, or to fwettose H, w ro reform it, w to enfwq payment o4 eny claims hereunder, said MORTGAGfE ihall apply to the Cour1 having jurisd~ction thereof for the appointmenl of ~ Reeeive~, such Court sh~ll Forthwith sppoint a recciver of said mwtgaged property all snd singu:ar, includ~ng all and s:ngulsr the incoma, p~olits, iuues and revenues irom whatever wurce derived. exh and every of wh~ch, it be~ny eapressly undentood, is hereby maigaged as if tpecificslly iet fwth and described in the pr~ntir+g a~d habendum clavus hcreof, a~d such Receiver shall Mave all the b~wd and eftect~ve funct,ons and powers in a~yw~se entrusted by a Cou~f to a Receiver, and s~ch appointment shall be made by such Cou.t aa an admitted equity and a matter of ebsotute r~ght to said MORTGAGEE, and without re~erence to tF+s adequscy w inadequacy of the value of the prope~ry mortgaged or to the so~vency w~nsotvency o( said MORTGAGOR or the defendants, and that tuch rems, profin, incane, iuues and revenues ihalt be appl~ed by such Receiver accordmg to the lien ot equiry of wid MORTGAGEE and the practice of such CouA. 8. To duly, p~omptty and fully paform, d~scha?ge, execute, effed, comple~e, comply with and abide by each and every the stipulations, agreement~, conditans and covenants in sa~d premisswy note and this mortgage set iwth. 9. That in the event the ownership of Ihe mwtgaged premises, w any part lhereof, becomes vested in ~ penon other than the N10RTGAGOR, fM MORTGAGEE, its succeasors and ass~gns, may, wiehout nof:ce fo ths MORTGAOR, deal with such successw o~ waessor in ~Merest with reference to th~i mort9age ~nd the debl hereby iecurad in the tame manner es with Mwtgagor w~thout in aoy way vitiatiny or dixharginp the Mortpayors' liability here- under or upon the debt hereSy sec~red. No tale of the premises hereby mo~tgsged and no fabearance on th~ part oi tF~e MORIGAGEE a iri successors or assigr+s and no eaiension oi ine iime iw inv yiyrr~e,.i of iF.! deLt Aarst,Y ~,sr~ ~:.a:. !sy t~.e Y..ORI6AGff ot its s:KtC~s C. au~yns, shalf operat! ro reltase, d~xharge, modify change w~f(ect ths oriy:nal liab~t:ty of the NIORiGAGOR Mrein, ~ithe? in wFwb or In pa~t. 10. It is speufically aqreed tha! t]me is o/ the essence of th~s contract and that no wsiver of any obligatton hereunder a of the oblqation se- cured hereby shalt at any time thereafter be held to be e waiver of the terms he~eof w of the instrument securcd herby. 11. In sddaion to the fwe9o:.x~ mw~thly payments of p~inc pal and interest required by the p~om~ssorynore secured hereby, mortgagor cov~n+nts end agrees to pay to morigagee_ w~rh each momhiy payr -ent an adJ~~ional sum est~mated by mortgagee to Ee equal to 1/ 12 of the annual cost of the iollow- ~ng: A-All real propeny taxes kv~ed a asu:se~ against the above desc~~bed real estate. B-Premiums on fire and w~ndstorm insurar.ce as here~n requ:red to be carried on the improrements sitvate on 1F+e above desuibad prcmises. 'i C-Prtmiums on s~ch mdtgage gvaranty ir.surar:ce as mortgagee shail from t~me to time deem fit to urty on the loan secured hereby. ! Mortgayee shail from t~me to time not~fy mortgagor m wr~Gng of the amou~t due and payable hereunder ar~d suth wm shall therevpon be due ar?d ! ~ pa~abk on the due date of ?he ne,et monthty paymen~ and each successive month thereaiter ur,iil mortgagee shall notify mortgagor of s change in such amount. Such sums sFa:l be app!ied by mortgagee ta+vard the payment of real property taxes, insurance prem.ums, and mortgage guaranty insurante ~ p~emiums. . 1 WITNE HEREOF, t said_MORTGAGOR has hereunto set his hend and seal the day and,.year fint aforesaid. ~ ~ i~ne ~I if~' er ie the presence of: Cry~si f~~/ . - p f _ ~ a d J• , ~.!r`il / r ~ ~ .1,.4_ `t • . ~ c. .gn - :~Q ~3.:- . ~ ~ STATE OF FLORIDA Or • - S,' St . Luc ie ~ ~ ~ ~ couc~m oF nna ren ~ • ~ eero.e ~ a.~uy,~a.~a Donald J Willens and Georqe L` R • ~.¦a Joan C, Willeas and Donna Rrenz re ec ~ +~,Ai r ~rives/ w~n dd ~,r:~_b. rhe individvals deuribed in and who executed the forc9oiny u?strument, and .~~,o~tedged before me tn~i they exsayM~,. ~MfM~y~~ ~YlpoMs ~ rti~~e~ ~x~.~d. a~d rn~ ,,;d Joan C. Willees and Donna Rrenz k'1V@3of t~ upon ~ sepa.at~ and pirvat~ e,cami~atwn by me ta4en separate and apart from said husbandf acknowledped to snd befae mt that executed s+id irotrwneM fretly and wl~~r tanly ~nd withouf any compultan, constrsint, appreh*ns~on, or fear of w from~F~s si husbandj. / WITNESS my hsnd and official ual thii ~T~~ d~y o4 A. D. 19 ~ ~ ~ ~ Nw~ry ub.' 'n fw tM State of Fbrida ~t 4r~ My Commisi pires: Return To: ~ Fint Federal Sav~~gi S loan Assouation ~0~ ~l~K, S~d~! 0~ ~ai~i i~ ~ Of Fort P~erce. ~(ptp~qjffWN ERpftlf ~1;9. 3v. ~9Pi0 Fort Pierce, Flor;da ~o~ea.! b ww.u. ira 8 Cuwb :ow~+~r ~ ' ~ ~52118 This Instrument Prepared By Donald B. Hughes ~ First Federal Savings 8 Loan Associatio~ ~~0 AND tiECQROED of Fort Pierce , i~. LUCIE COUNTY FLA- flOCEA POITRAS Checked By ~ RECOIEIO YE EO CO{IIIT ' R _ p~c t0 9 sz - . ~0~2~3:~ F~c~ 8z . . ~ .