HomeMy WebLinkAbout0337 To plKe •nd conrinuousiy keep on the bv~;d,.~gi no~r a Aer~~fqr ~i~wt~ on s~~d tand ~nd on ~N rq..+pmenf and pe?wn~lly cov~rad by ~hia mw~p~
~g~, with ~p pr~m,vms fAerean pa,d m lull, f~~c ~ntuu~ice ~n ~hw uf~al titarda~d pot~cy form. in • w~n •~:yiwrd by th~ MOR~GAGEf. •~d w~~~to~m
inwr~nc~ in tM wu~l uandard poLcy fam, ~n • wm ~ppro~ed by ~M MORIGAGEE, in fvch tort+p~ny or tan~n~~t ss tl+~ MORIGAGEE m~~
dnKl; ~nd •11 f~ro a~d w~Mluorn~ in~vr~~+cs polK~ei on ~ny of ?ud kw~ld.np~, ~ny iniero~~ ~h~~em o~ pal tM~~ol, ie tM ~9yrop~te ~um ~Iw~uid a ~
in ~aceu ~hereol. ~MII coma~n th~ ~wal s~a~:Js~d mw~geQe~ clau+~ or ~uch o~he~ clauie ~t ~h~ Ma~9ay~~ m~y r~qu~r~, mdiny ~F.~ loiti under ~~.d poi~ ~
cis~. ~ach ~od way. payab!e ~o s~~d MOR(GAGEE as ,t~ inleresl m~y appear, snd exh and ~very ~ucA po!u/ fh~ll ~ promp~ly u?q~~d ~^d d~live~ed to ~
•ny MW ~y f~~d htOR/GAGfE ~s iur~her secwity ~o said n~orig~g~ dab~. aMl. no~ 1~~~ than t~n (SOi ~i:ys in ad+a~u~ ol thv •,~p'u~~ron of e~ch polity. to d~-
liv~r Io ~~id MOR[GAGEE • r~newal fhercpf, ~oqe~hN w,th a r~ce~p~ ta Ihe pi~m~um o~ ~uch renewel; and ~her• fh~ti pe no f~r~ or w+~dfro.m u+sur~nc•
p~~c~d on ~ny ol taid bvild+nqt, any inte~~il th~re~n a pa~? thsr~ei, v~~es• in ~ht lorm •nd witA IM losf p~Y+bl~ as ~}ores~~d; and in the •v~nt ~ny wm
of mon~y bccanes payabl~ u~ ~uch pofecy a po~K~e. ~.~d MORTGAGfE •h•tt Mve ~tN ephori ~o reco~ve end apply th~ wm~ on accounl ot ~M ir~debtcd-
ness ascwca! hereby w ro perm;t sald MORTGAGORS to rectrve ~nd us~ ir or •ny ps+~ rhrreol lo~ orh.r i,ur; o~rs, v..ino,,r fn:~rui wa~.~ or ~~~~aau• '
~r+y ~~y equay, lien a righ? under w by vir~u~ o~ thn moregage: and in th~ wem ~s d MO~TGAGORS shaU fa any rpw~ fait Io keep tM sa~d pr~m~tts so •
insvred, p f~il lo deGver p.omptly ~ny o1 sa~d poLc;e• of insurante to f~~d MORiGAGEF, or fs~l promp~ly ro p~y fu:fy any p.en~w~o there~a o+ in +ny l, '
refped f~ii Io perlam, d+xMrge, e:etute, slFecl, complete, tomply wi~h •nd •bid~ by ~h:~ tove~ant, a any psrt har~of, •~~d MGRIGAGEE may pl~ca M~
pey fa ~uch iofurence a•ny part ~ha~eof w~~hou~ waiv~nq w affeuln9 •ny opnon. I~en. equ~ty, w ngh~ under a by virtw of ~hi~ Ma?pay~. ~~d the t
full ~mounl o/ ~h and evrry wch p~yme~t shall bs ~mmed~•re1~ due +nd payabl~ ~nd ~hall bcar iMerep from th~ d~ts Iher~ot until p~~d ~t ~ht raq ol vr
~~~e pcv tenrum p~r an~um and to~r~her h~~h s„ch inte~e~l ~hai~ tx tecured by tA! INn of thil mptpaye.
1. To permi~, comn,i? w su(~e~ no w~~te. imasirmem u deter~or~tion of ~~~d propa~y a any paH thereof.
S. To p~y ~11 and ~in~utu the cost~, cMrpes and expense~, inciud~ng a reason~We a~torney i(ee and costs oi ~bstrads o/ titte, incurrtd a paid
ar+y ~ime by aa~d MORTGAGEE, beceuse a in the evcm of tf» b~lure on ths pa.t o( ~he ~a~d MORiGAGOR to duly, pramptly aod fuqy perlwm, d~uharg~,
e:ecvre. effeu. compteee. compty w~+h ar.d ~b:de by ex?+ and every ~hs a?~puiauon~. ~greeme~n. condn~on~. and tov~nants of said promisswy note ~r+d ~hi~
mortqpe any a e~ther, and sa~d costf, ch~rgei ~nd cxpenset, exh and every, sh~t1 be immedueely dw and p~y~ble; w?x~her p not ther~ b~ npt~ce de
mand, atternpt to tollep Or suil pend~nq; and the ful) amovM of each and wery suth paymeM shall De~r intereat hom the dat~ thereol unfil p~id a1 1h~
.afe o1 nine per cent~m µr am,u:n; anc; a11 s~~d cos~s, cturges ar+d c~aen~rs ~ncuned p p~~d, ~ogethe~ wuh such ~nterttt, ihali b~ utured by IM ian o! th~i
mortyyt. .
6- Th+~ in ~he event of any breach ot ~his Ma~ga~e or dafavl~ on th pa~1 of the MORTGAGOR, or ;b) in ~M svent ~ny of aa;d ~ums oi money
herein r~ferred ro be no~ promprly end f~tly p~id wi~hin th,rty (301 daya nea~ af?e. fhe same severauy becomc due •nd p~yabte, w~thout dem~nd or oorics,
a~ t~) ~M event exh and every rhe sripvlationi, agreemenf~, cond~t~ons and covenants ot sa.d p~o~,issory note and th~s mo~tpape any o~ either •n nat
iufy, prompHy and fvlly performcd, dacharged, a~ecuesd, eftec~ed, comptered, compt;ed w~th and ab~ded Sy, ~hen in e~~her or any iuch evem the u:d p~
preyat~ tum mentioned in sa~d prom:ssory no!e th.~n remainin0 unp~~d. with ~nte~est accrued, a~d s11 moneyt secur~d l~ertby. ~h~ll become dw and pay~
sb!e fwthwith, p thereaFec~, af ~he opr~on of sa~d htORTGAGEE, as fully and compte~e~y as ali of tl:e ~a~d sum~ o( mon~y were p~q~n~Uy t~~pula~ed
fo be pald on sucA day, any~h~ng ~n sa.d p.om;ssay noee a in thif Mat9age to the contrary nol,nithseand~ng; a.+d therevpo~ W thlreaftN ~t fA! opr~on of
sa~d MORTGAGff, w~?hovt nohte or demand, suit ~t iaw ar in eqwy, the~efore or tAereaiter begun, may be prosccuted as if ~11 moneyt secured hereby
had rtuWred pnpr to dt instituhon.
7. iMt in tF~s event that at ~he beyinning of u a~ any tim~ pend;ng any s~~t upon this Mor?gsge, or to foreclose it, a to refwm it, or to enforc~
payment of sny claims her~nder, said MORTGAGEE iAa+! apply to the Court hivinq ~un~d:c~~o.~ thereol for the appo~Mment oi a Receivt~, ~uc6 Cou?t sM:l
:orthwith appoint a receiver of seid monya9od property aiI and s~n9uf~r, incl~ ng a:~ and u„guia~ the income, prol~ts, issues ~nd r~venues Irom whsleve? '
wurc~ derived, e~cA and every of wh~ch, i~ beinQ expressly undcn~ood, is hercby morrgeged as lf spec~ficaily tet fafh ~nd dew;bed in fhe pr~roing and
habendum ctauses hereof, and such Rcceivea shail heve sll ~he b.oad and effKnve funct.onf and powers in anyv,ise ennuated by a Covrt 1o a Receive?, and
s~ch sppointment ~hell be mede by svth Court as ~n adm~ttcd equity e~d a ma~ter of ebsolute r;yht to sa~d MORTGAGEE, ~~d withoul refercnce to the
adequacy o~ i~adeqvscy o! rF.e vafut of rhe paope,ty moreg,9ed a to the so.ve~+cy or ~nio:rency oi said MORfGAGOR or the defendant~, snd tha~ s~ch
rents, profits, income, iaiues artd reve~ue~ shait be applied by such Rete~ver accwd~~g iu ~he tien w p~ity of sa~d MORTGAGEE and ~he pract~ce oi such
court.
B. io duly, promprly and (vlly p~.form, discha~ge, execv+e, effec?, comp!rte, comply wi?h end ab;de by each ~nd every the stipul~tions, ~greements,
conditions and covenanra ~n sa~d prom;ssory note a~d ~h~s me~tgage set io~~h.
9. That in the event the ownership ot the mortgaged prem~xs, a any pe~t lhercof, becomes veited in a person other tMn the MORTGAGOR, tly
MORTGAGE., iti successon and as~ign:, rtuy, wnhout nonce to the HORTGAOR, deal w~th such succesip a wctefsa i~ inlerest with referarxe to thia
mortgaQe and Ihe debt hereby sK~red in the same manne~ aa with Mo~tgegor w~thaut in any way vili~tiny or d~xMr~ing th~ Mprt9agori liab~lity her~-
under a upon tRe debt hereby secured. No sale of iF~e Grerr.ises hereby mo~~qaged •nd no {wbearance on the part oI the MORTGAGEE w its suctesso~s
or au:g~s and no ea~ens~on o+ ~he t;me Iw the peyr~.em of the debt he~eby ~ecured 9rven by the MORTGAGEE or itf sucussw~ w au:9na, ?tull oper~te
ro release, d~xha.ye, mod~fy cMnge a af(ect fhe orig~nal 1;aU:i+ty o! tl+e MORTGAGOR Mrein, either in whole w in part. -
10. It is spcc~ficaily agreed rhar t;me ;s o( tF,e esunce of this contrau and tM~ no waiva of any obltgauon hereunder a of th~ obtig~tion se-
cured he~eby sh~ll at •ny time tne~eattea be he.d fo be a wa~ve? o( the terms hereof p of /Fk instrumem secur~d herby.
11. In add:r~oo ro rhe fwcgo'ng monfhiy payments of prir.c pal and interes+ req~~red b~ ~he prom~ssory ~o~e secured hereb~, mortgago~ tovenants
and agrces to pay ~o mo•tgagee v~+rh each monrh!y pa~~~,ent an add~t~unal sum est.:rated by mo~tgagee to be equai to 1,`12 of the ann~al cost of the foliow-
~ng:
A-AN ~ta! properrr ta~crs lev~ed d assessed aga:~st the i~ove descr:?,ed resl esrate.
B-Prem~ums on I~re and w~nduorm .nsurer~e as herein rcqu;red 1o be u.r;ed on the improvemenri s:twte on the above d-sc.i6ed p~emisea.
C-Prem~ums on svch morrg,~ge guaranty ~r.surar.ce as mwtgagee :hall from t~me to tLme deem fit to uny on the loan stc~red hereby.
Mortgagee sfiall !rom time fo t~mc ~+at~f~ mortgagor ~n writ~ng of the amount d~e and payable he•tunder and such surn iha11 rbertupon be due and
~aysb!e on ~he dve date oi rhe ne.t momh!y payment and each succesiive month therraft±r ur.tit mortqsgee sha11 notify rrqrtgagor of cha in wch
p~ m ums ~~h sums sFail he appi~ed by mor~yagee ~o.yard the payment of real prope•ty taaes, inaurance prem:u,~~,n~inwtgage ar~uyvr~aee
~
IN WITNESS WHEREOf, nc~ aaid MORTGtiGQR hss hereunto set his hand ~nd seat the day and year afor .
Signed, Seited and de~ivered in the presente of: ~ .~l
_ fIlEOA!?irKtGORO t~ L c
- ST. LUCiE COUMTY FtA. - ~
~iO;E~= ~°O~TRAS ~ ~1 . • ~c,~• s Y'~ ~q
C?_ERK G' ;°;E1~t COURT ~ -
~.~iYl~' ~~-~-~'L~~ 9 f F." : ~ r t ' ~ p ~..~.~i - ~ 2 Fi a . 8T, :1
STATE OF FIORI~A r ~ ~ , ~ I ~ S"~ ~ ~ tii*:
! . ~I' • i '~i.
COUNTY OF • i,`:C; f3 ~ sO
r.
Befo~e me pcnonatly appeared •i O;lI1 : • : t ~'~i J' I' • •
=i • + ~j ~ ~ - " ~d
`j f V I 9 al j gi,.^, Y his wife, to me ~!1! ki~o'wn ~nd known to~'f~ fD bt
the individwt~ described in ~nd who e,cec~cted the foregoiny instrument, ~nd ackrpwtedyed before me thst they ~i,peqi[id t)w sar~ for ~ pw~OSe~
rhe~ein expressed. And ?he said-- `?~1'J1 a aT . S t .M'f: `~i G~ }!y~ : : -
.v~~e of tha i+id .j O! _:t : . $ t 8iri:r:. J r , '=4, ~
~ ~ `
examin~tion by rt~e Nken separate and epart from her ssid husband, ~ck~owled~ed to and be~ore ms that she executed sil~ Tns~i~~~~~~/1id voliv~r?- i
rariiy and w~thout •ny computs~o~, con~troint, apprehen}~o~~or feu of u irom her seid husband. i
t:yli:.,,.~e"
WITNESS my Mnd and off~c~el smt this day of ` ' ~ a. 19~~ ~
` ~
Norary P+blK i and ( the State of Fbrids at lary~
My Comm:ssion ~xp~ es: ~
Return fo:
first Fede?~l Savinys 6 loan Associst:on t
Nattry PuW'K. Siate ol flo~id+ +t V~
Of fort P,erce. ~Om~Spp E~~lS 30•
Fort P;erce, Florida fAY ~w~,~~ ~ri ~~M„~ Loew~w
iaa:.eo er
This Instrument Prepared By Donal i r;. u;!:~: s
First Fede~a( Savings & toan A~sociatjo ,
Qf Fort Pierce s`-' 10rZ ~a - "
Checked 8y ~ p~E ~ -
f-- ~
~