HomeMy WebLinkAbout0282 To pl~c~ ~nd continuoucly k~ep on ~hs bvi!J~ngs now cr ha~ahN siiwt~ on ti~id I~~d and on ~ll equipm~nl ~nd pa~~~Y cov~r~d by this ma~¢
~p~, with al) premi~m~ ~Mr~on pa~d fu11, Gro in~u~anct in tM v~wl sw~dud policy (am, in + wm app~ov~d by tM MORiGAGEE, and wind~tam
Inwr~na in ~M u~wl ~i~nda.d pa.cy fam. in • ~~m ~pp~ov~d by ~M MORTGAGEE. in wth comp~ny a canp~ni~t a ~M MORiGAGEE nNy
dinct~ ud ~11 tir~ ~nd w~a~m in~uru+ce ~Ki~~ on ~ny "of uid bvitd~np~, ~ny Int~~til tlw~~in w p~n th~.wf, in ~M apq~eyaa ~un~ ala~s~id w
In ~xcMS 1he~ool, thall conuin ~M wual ~~andud n,aep~9N daus~ a~uch othN cl~u~~ ~ tM Ma/p~ m+y rpuu~. mdinp tM ?o» w+da s~~d polb
ci~s, each u?d ~v ey. ~par•bN ro aid MORiGAGEE as ~n i~~ernt may app~ar. ~nd e~ch and ~v~.y ~~ch po~icy ~h~ll b~ p~anptly q~.yned and d~livt~ed ~o
any h~W by said MORiGAGEE as (urll+~i ~ecu.ity to ~id nw.t9.y~ debt, and. no1 I~a ~Mn ~~n l10) d~YS In ~d~anc~ 01 ~h~ ~aptr~tan ol e~ch policy. ro d?
IivN ro~.:d JMORTGAGEE ~~~new~l ~Mreof, ~op~~1w wirh • rece~pt fa ~h~ p.~miwn of wch ~~newalJ ~nd ~Mr~ ~MII b~ no f'v~ a windf~arn infw~r+q J
pl~pd on ~ny of uid build~nps, +ny in~e.at tlwr«n or par~ tMnof. vnt~» in ~M fwm and wi~i~ ~M lou p~y~bl~ ~t ata~s+id~ a~d M+ th~ ~wnt ~nr win
Of Rqn~y blCOIM~ piy~W~ Yf1fJN 1uCM FIOIICy OI pOIiC1M N~d MORIGAGEE siwll Aaw d» op~~on ~o r~uiw .nd ~pply tM iam~ a? ~cwun~ of tt+~ Mdtbt~
Msf tKVr~d hNeby or b p~rmil said MORIGAGORS eo rettiv~ and uM It a•ny put thereof fa othcr pur~ates, without rh~reb/ waivi~~p o~ ~mpai.-
Inp any pv;ry, li~n p rqht vnder a by vkrw of tAis matpap~j and in ~M ~v~nt sa~d N10RTGAGORS ihall fa +~?y r~awn Ail W keep /M u~d pnn+~ses so
inswd, o~ l~N fo d~livN ptomptly My o( s~id polici~f o) inu,r~nc~ to s~~d MORiGAGEE. o~ }ail p~omp~ly to pay ~ylly ~ny p~tm~um th~r~for w in a~y
..•p.c+ f•tl a p..faen, d~uh•ry.. ~aec~~~. effecl. compl~?~. comply wi~A ~~d ~bwl~ by Mit tow~?~M, a~ny put Mrwf. said MORTGAGEE ~y p1ao~ u+d
p~Y fa such irowanc~ w any put th~reol wi~hovt w~:vi~ or ~Htctinp any optfon, li~n, puity. a ripht v~ a by vi.+u. of ?Ns Ma~y+p~, u~d tM
iuii ~mo~nl of ~ach and avs+y such p~ymenl ~hafi 8~ ~mn+ediaNiy d.i~ snd p+Yabl~ snd thall besr &+tt«st Irom th~ d~1e tl~e*ewt wull paid ~t eh~ aN ol '
nin~ pN ca?tum pN ann~m and tofleihe~ with ~ucl+ inreresf ~MII b~ secured by tM IiM ol Mis monp+ye.
4. To permit, commit w sutfa no was?~, impairmeM or de~eraration of ~~Id prop~rty or ~n1r put tMrwf. _
5. ?o pay ~II and unpul~? tFw co~t~. char~es ~nd •¦pen~es. tnclud~rp a r~awnabk anwn~y's fe~ and w•n of absNacts of ti1b. incu?red a p+W ~t
~ny time by aid MORIGAGEE, b~c~us~ or in ~hs ~vent of th~ (s~lw~ on tF?~ part of the said MORTGAGOR b duly, promptly u+d f~11y pKfo~m, d~sci++ry~
•xecu». eff~. compt•r~. canplY w~~h and ~b:de by ~ach ~~d ~wry ~he Nipulat~a+s, preem~n~s, cond~~ioro. and aova++nn ol aid promissory ~oq +nd thu
mat9W~ +nY a eitf+N. uid sa~d coits. chu~es and ~~p~r?~. each and ~wry. ~Mtl b~ i~nn~edi~~~1y dw ~nd p+y~bl~s w1+e~Mr a nw thK~ b~ eatiu dr
mand, sttempt ro oolkct w~uit p~od'ugt and IM full ~mount of each u~d tvsry such parm~nt ~h+ll b~+? intN~st fran tM dN~ tM~eoi until p~Id N tM
rate o~ nins pc? centum per ~ruium; and all said coat~, chuyei and expe~sa inarrrtd or paid, topetM~ w~th wch int~rest, shall b~ Ntv~ed by 1M li~n o1 thif
mwf0ayt• '
6. That ln tl» ~w++t of any beach of this Mortg+~e or default on tir part ot tM MORTGAGOR, a(b) in tM w~nt any of s~id swes of Torwy
hereln nferr~d 1o b~ no~ p~omptly ~nd fully paid wi~hin tht.ty (30) days nexi ~fie~ th~ sam~ kvaally becorn~ dw ~nd pay~bl~. wlHaut d~m~~d a nWic~.
w(~ in tlw ~wM each u~d tvery Ih* s?ipulatio~s, agreemen~s, cond~t~ons and covenanu of sa~d promiasay not~ ~nd th:s mortpp~ any a~ithsr u~ nw
iuly. promptly ~r?d fvlly perfamad, d.scMrgcd. ~xecured, effMed, compt~ted. complied wttl~ a~d ab~ded ~iy, the~ in e~tMr a any tNCF1 ~vtM tM Hid
preyat~ swn mentbned in iaid promiuory note lhcn "rsmainu?p unpaid. wifh inrersat xcruad, and •il moneys s~cur~d Mrsby. ~Mll betom~ dw and pay~
able (athwitl,, a 11+eraaftp, at ~he option oi ssid MORiGAGEE, u fully and comple~ely ~s it ~11 ot the wed wms of rrae+ey wt~~ wq7n~tly ~tipulated
to be paid o~ such day. anything in sa~d praTissory note w in this Mongage to ~F» connary no~wdh~undinp; and therwpon o~ thertallN a1 /h~ optan of
uid MORTGAGEE, wi~hout IWtit~ p demand. suit at law or i~? puiry, ~hersfw~ or thsreal~er beyun, may b~ prosewud a if sll moM~rs s~cvr~d I~eby
had m~twed pt~w to its imtitution.
7. ?Mt in the OVM~ fF4/ at lI1Q ~inn~ng of w ~t any r~m. pendir,g any surt upon ~his Morfg~pe, a ro for~clw~ it, w to roform it, w ro snforp
payment ot ~ny claims hereunder, said MORTGAGEE shail apply to the Cour~ having junsd~ction thereot fw t!» ~ppo~Mmen1 of a Rtc~irve~, wch Court ~MII
(wthwith appoint a receiver o( said matyaqed property all and sinpul~r, includ.n9 •II and ~inqulu 1M irftomf. pro(itf, iswH ~nd rw~~wq frpn wMqvcr
sourct dsrived, e~ch u+d eve?y of whKh, it beirg expressly unders~ood, is hereby mor~g+ged a if spec~fiully set fwth ~nd dew~b~d U tM pr~nsinp a~d
habendwn cl~uses hereoi, and such Receiver shall have all ~he Moad and effect;ve tunv~ons and powers ~~nywise er+t~usted by a Cow? to a Retei~er, u+d
~uch ~ppointment shall be made by wch Court as an admitted equity and a matter of absolute ~iyht ro taid MORiGAGEE, ~nd withoW r~ference 10 1M
•deqvaty a inadeqwcy of the wl~e of the prope~ry mw~pa~ed w to rhe soti~ncy a insolvency oi said N10RTGAGOR or tAe defendann, snd tMt such
renrs, profiri, Incane, issues ~od reve~uti shall b~ applied by ~uch Raceiver auordu+p to tM I~en or equiry of said MORTGAGEE and tM p~ctiu of such
Cowt.
8. To duly, p~omptly and fully pe~form, diul+arp~, execute, effect, conpleta, comply w~tfi and abide by ~ach snd wery th~ st~vlatiom pr~emnts,
cond'aions and coven~nn in u~d promisso?y nw~ and tha mwtyag~ Ht 4orth.
9. Th.~ (n th~ went ths ownsrship of the mor~9agsd pr~enises, a any pa~f thereof, becomes vesnd In ~ pawn oth~. th~n ~he 1MORTGAGOR, rh~
M.ORTGAGfE, its wccessori and asspns, may, without no~ice to tAe MORTGApR, dcal w~th svch succeuw or avcceisor in imerest with refer~nce to this
mortg~ u+d the dcbt he~eby secured in the same manner ~s with Matga~a without in ~ny way vit~Ni~p a di~tharyiny th~ Mort9apon' liabiliry her~-
under or upon rhe debt hereby sewred. Plo sate of the premise~ hereby mwtyayed ~nd no ~abear~nce on tFr p+n of tM MORTGAGEE a it~ suaessors
o. auig~a and no ex~~nsion of the time ior the p~ymenl of ~he debt i?ereby setured piven by IM lYIORTGI?GEE or ita waessas or ~ssgr~„ sMll opa~t~
~~-a._.-- 'a.'-_- - 'u_~ _ ~:.~.:I:w. ..t~.L~ uAOTf~~f:AC 1...~:w ~NIw iw ~..1.'J~ ev-h ew~.
iv iiii~iii. uas~+r~ys~ as:w.a~ ?s....yc '~••c?s ...c ..:iy:.... ~ -
10. It b ~pecifically apreed that time a oF the easenc~ of fhis conlract and_that no waiwr of ~ny obli~~tan Fwreue~d~r or of tiw oblipation ~
cvred hereby shall ~t ~ny tlme thereaf~er b~ held to be a waiver of tM tNms hereoi w of tM inst~w~w~t ~ecured F~by
11. M rdd~~ion to the (orsgo:ng monthly paymenrs of princ'pat and intcrest required by the prom~ssoty note srcured he~eby, mortg~go? cown~r?b
and sgrees to p~y ro mortq~yee with each monthly paym~nt an ~dd~~ional sum es~~~na~ed by mor~y~gee to be equal to 1 J l2 of the annwl cost of ths foltow-
'ng:
A-Alt real property uxcs I~vied or assessed agai+nt ~he a~ove dexribed red estate.
B-Premiums on fire artd wtndstorm inwrance as herein requ~red to be tarried on the in+provemenb sitvate oa the sbove described premisq.
C-Premiums oo such mortgage gwrsnty inw.x~ce as mortgspee ti+all ffom t~me to time deem fit to urry on the ban sawred l+ereby.
Mortgagee shall from time to t~me noti(y mo+tyagor ~n w~it~ng oi the amount due and payabk herev~der a~d such sum shall thereupon be due and
payable on the due date of the neat monthly payment and rach successive mo~+th tMreaffer uNii mortg~yee shall not~fy enortgsgar of • thanp~ in wch
~ emount. Such sums shall be applicd by mwtgagee toward the p+yrrunt of real property u:e~, inwrsnte prem:ums, and morty+ye ywranfy inwrance
~ premiums.
~ IN WITNE55 W EREOF, the said lMORTGAGOR hu hereumo set his hand and seal , da nd year irst ~f~`
esa' ~
~ - , a de irr th~ pr o(: K
FIlEO AND RECORDEO • t ~
; ST.LUCIE C4UMT7 F~~- . ~ Jos h R. O'Connell n
{ ~ ROCEP, r^~11?RAS
! CLERIC C«CUI? COURT'~ . J n
~ pcr,nP,Q VEAiF1ED..~~ Let t a N. 'Connell
rs..q
' STATE Of FLORIDA '3 3 39 PK'~~
Lucie } ~ ~
courm oF St .
~f«~ ~ ~,,,,,~~y,~,,,~ JoseQh R. O'Connell .~d
L~titia N. O'ConnQll his wife, to rn~ well known and krwwn to m~ W b~
the Indiyidwb d~w~bed in ~nd wha ~xacuted the fus9oinp k?stranK?t. ~nd ~cknowled~ed b~fw~ m~ that tF~ep ex~cuted th~ s+rn~ fw th~ purpow~
t~,~~, ~ Let it ia N. O'Connel l ~ = ° Y _ ~
Joseph R. O•Connell " ~ ~ ~
wtr. of rh. s.~d ~+v~^ ~`!~~l.~ .t~. :=c
exam~nation by me t~ken sep~rde and apan trom ha sa~d husband, acknowledped to snd befor~ r~e th~t ihs execvted taid inskyepNtf irtil~l• ~pd~~, ~
tarily a~+d without •ny compultion, constraint, ~ppre a feu of o~ ~rom her ' husband. i'' ~
WITNE55 my M~d and offici~l seal tbis day of a/ .
. - .-7Y~.j~~`~
~ ~ - -
Notsry Pvblic in and ia tFw Stat~ '~..~y
i• `ti:~~'-
My Corrrniuion t:pirts: , T: t O ~
Retwn Ta. Nof~ P~[. Staa' ol ~poi~da at• ttf ` -
fint federal Savirgs 3 Loan Aswciatan _ y!.
Of fwt P~erce. ~pMlS 3Q. j~~
Port Pidte. Flwida M'~ ~r w"''^•• Co.M,•
This Instrument Prepared By John w. Collins
First Federal Savings & loan Association .
. o~ Fort Pierce , F loz ida
Checked By ~ ii~ X~~ P.'Wf l~V.L
~ - :lh
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