HomeMy WebLinkAbout0343 J. To place •nd conanuously keep on ihe bw'd~~,9~ now o~ h~~~afler f~t~u~ o~ ~~id tand ~nd on ~II cq~~pnem ~nd pasonelly cow~ed by thi~ mor~p-
~ys, w~~h all pr~n:~um~ the~eoo pa~d in (u~~. ~~~c ros~r~ncv in ~he utu~l standard po'~cy (o?m, in ? tum •Npro~sd by IM~MORIGAGEE, ~~d wind?~o~m
fn~urante in tiN usu~l sandard pol.cy Iorm, in •~u,n ippro~rd by ~M MORtG~GEE, in futh comp~ny o~ co~+pan~q at tF+t MORTGAGEE rnay .
duec~; and ~11 iir~ ~nd w~nd+wrm m~urar+c~ po6c~as on ~ny ol •a,d buiid;npt, ~ny Ima~N tFure~n or pu1 tM~~o/, in /M ~y9reya~~ wm ~la~aid or
in sateu ~her~ol, ~hdl con~a~n ~he usw! s~~nclaed maiye~e~ c~ause w tuch oths~ tliui~ a tM Mwtyaye~ msy ~equ«t rtu?iny IM lotif uixl~~ •s~d pol{- •
us~, euh ~nd evcry, yayabt~ to ~a~d h10RTGAGEE a~ ~tt ~rocrest m~y ~ppea~, ~nd e~ch ~nd •very s,ich po~~cy ~hall be prompny +~s pnsd ~nd deGver~d to
~ny Mld by f~~d MORfGAGfE ~s (ur~har sew~i~y to sa~d ~nw~g~ge debt, •nd. ro1 te~f Ihan ten (l0i d~yi i^ adwnc~ oi tM •ap~~~~~o~ of e~ch pol~ty. la d~- ,
G~~r ~o sacd MORrGnGEE • r~nswal tM+eof, IoqetM~ with • reteipt 1w Ihe pr~mium of t~th tenfwal; •nd ~h~r• ?hall b~ no hr~ or w~~+dfio~m inwraot~
placed on any ol sa~c1 buitd~~+gs. any i~deiest ~h~r~~n a pe~~ ~he~eof, un!ess (n ~M /orm and w~th fM losf pay~bl~ a~ afo~~s~id: ~M Iv~nl •ny ium ,
of mon~y bcco.ne~ payable v~ wch poficy a pol~c~as t~~J MORIGAGEE ~hsll biv~ ~he opl~on w rece~ve •nd apply ~M fame o~ account o( ~he indebted-
ness secwtd Mreby u ro pe~mi~ said MORTGAGORS to ~ccrive ~~d us~ i1 p en~ pa~l thereot foi orncr purposrs, v.~~no~! th.~. ui wa~~~~~ or m~pau• .
~ng any eQu~ty, lien o? righ~ uncle~ u by v~rtue ol th~~ mortyage; ~nd in ~M •w~~ •a.d MORrGnGORS shall }a sny re+?on f~il 1o keep the N~d pr~mitie~ so
insured. w f~il fo d~liver p~omptly any oi ssid pol~cies of iroura~tt ro t~id MORTGAGEE. w lad prompuy to paY fu~ty any p~e~~,~um therelor a i~ a~y
re~psd lail ~o perlwm, dhcharge, eaecuts, effeet, compkte, ca-nply wi~F~ and +bide by thts cove~aM, a•ny ps~t herao(, ia+d MGRIGAGEE m~y pt~c~ +~d «
pay fp ivch insure~cs o~ any par~ ~hereof witRour w+iv~ng w~flec~ir+p ~ny op~ion. li~n, equ~ty, or righ~ unda u b~ virtw o1 fh~~ Mu~ga9~, and tF~s ~ -
full ~moum of e~ch and every such paymen~ shall be ~mmedi~tely dw and paysbls ~nd zMll bear inteiett from tM dat~ ?he~eo( uMil paKt ~t tM ~~t~ ol
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nine pe~ cenrum psr annum and fogr~hrr w~rh such ~nte~ett tMU be sec~red by th+ !]en of th~~ morty~pe.
1. To permi~, tommit o~ fu((er no wafle. ~mpairmeM w deterio~afion of said propery w~ny part thereof.
5. to p~y ~11 and t~rqutar tM cost~, charyes u+d expenxt, includ~nq • reasonabte attaney'i fee ~nd costs of ~bztract~ of lifle, i~lCVfrfd W paid
eny tin.a by sa:d MORTGAGEE, bec+u~e or i~1 th0 OvQM O~ tM fa~~ure on the part of the uid MORTGAGOR to du1y, promptly ~~d fu~ly paFam, d~~charg~.
executs, elfed, comple~e, canp~y w~th and ab:de by each ~nd every rhe stipv~a~ro+a. ~qreement~, cond~~~on~, snd cownaroi o~ said p~omiuory nWe a~d thi~
mony~ ~ny w einc~r, s~d aa:d cos~s. charges •nd expensef. exh and every. ~hall b~ immed~ately dus end p~yeble: whether a no~ eher• be noric~ ds
mand, ateQmpl to col~ecl or suit pend~ng; snd ~he (ull ~movnt oi each and every such payment shall 6ea~ infe+e~t f+om 1hs da~~ thereot unlil paid ~t th~
~a~e o~ ~ine pe. centum ~.er sn~w=n; aod a!I sa,d cost~, char8es and expenses ir+curred o~ paid, together wAh tuch iNere~1, ~MII bt ~etur~d by IF?~ lien of tha
mort9~.
C. That in ~he eve+~~ of ~ny b+each of ?~is Mortgape or de(av11 on the par! of the MORTGAGOR, or (b) in the ~vent any oi sa~d svau of money
herein refe~r~d to be not ~xomptiy and fully p~id wi~h~n th,rty (JO) days ne•f a4tcr ~he sem~ seve?etly become due ~nd payabl~, witlwul dam~nd w notitt,
or (c) io ~he even~ each and every ~he st~pulationi, agreemani~, cond~ilo~~s and covm~nn o1 sa.d prom~swry no~e and th:i mo~tqa~e +~y w eitRe~ are rw1
iuly, promp~Iy and ful1~ p~rfamrd, d:scharfled, caecured, e~fcued, comptered, compl~ed w~th snd ab~dcd Dy, thsn in e+~he. a any iuch ev~nt 1h~ ~a~d ~
flregate sum menfbntd in sa~d prpmissory note then remainirq unpaid. with imeresl scvucd. ~nd •II mo~eys ucured hereby. shall betome.dw and pay~
eble farthw~th, or thereafter, at ~he opt.on of said MORTGAGEE, a~ fulty and comptetety ~f ii all of rhe said sums of money were a~~naily at~p~rtated
to be pu~d on such day, anything in sa.d prom~sswy note w in Ihis Mort9sge to tFN conlrary notwithitandi:~q; and thereupon Or thereaMe~ N the option of
seld MORTGAGEE, w~IhoW no~~ce or demaod, suit ~I {aw w in equity, therefore a thcre+lror begun, may be prosctutcd as i( all monsyt secured hereby
nad maturcd prror to ~ts institur~on.
7. TMt in tM eveM th~t ~t rhe beqinn~ng o} p at any time pend~ng any su~t upon th~s Mo.tgage, or to fweclose it, or to refonn it, or to enforq
peyment of ~ny claims he~eundei, uid MORTGAGfE sha?1 appiy to the Court having ~u*~sd:c~~on ~hereof fw the ap{wintmenl of • Reteiva, tuch Cou~t shall
Iorthwith appoinl s?eceiver uf sa~d mortgaged prope~ty slt and ~irgular, inclvd,ng ai1 and a~ngular the intoms, p~ofds, i~wes and reveRUes from whstaver
wwce deaived, ~xh and every oi wh~ch, d beinp exprcfs~y understood, is hereby mortgaged as if spct~fiully set iwlh and deK~ibed in 1he yr+nting snd
habend~m clauses her~of, and suth Receiver ahall Mve ail the broad •nd e1(ective funcf,o~s a~~d power~ in anyw~se ent~v~ted by a Courl to a Receive~, and
a~ch ~ppointment shalt bc made by such Covrt ai ~n admitred cquify and a rr,~tter of absolu~e nght to said MORTGAGEE, u+d without reference to the
edequacy or inadeQ~acy of the value of ~he p~operty mo.tg~ged or to the ao;vency or ~nsowency oi sa~d MORIGAGOR a 1he defendants, and tMt such
re~n, profi~s, income, issues ~nd ~evenue• shafl be appiied by such Receiver accord~ng to rhe i;eo u equity of said MORTGAGEE and the praUice ot sucl~
CouA.
8. To dufy, p~omptly and fully perio.r.e, d~scharge, execu+e, etted, complcte, c.~nply w~th •nd abide by each end every the ftipulations, +greementi,
conditions and covena~ts in aa~d promissory rwte a~x! this mwtgage set twfh. ~
9. ih~t in Ihe event the owne~sh~p of ~he mortgaged prem~ses, oi any par~ Ihcreof, becomes vested in a person other th~n the MORTGAGOR, the
MORTGAGEE. its successws and ass:g~s, may, w~shout no~~ce to ~he MORTGAOR, deal w~th such ~ucctssw w s~ccesaor in inter~st wi+h reference to 1hi~
n~~rtgage and thc.debt ht:ebY secor~l in Ihe same manner as with Mortgsgo+ w~thout in any wey vihating or d~ut+a~ging the MWt9agors' liabiliry M~r
under a upw~ the debt hcrrby secwed. No sa:e o( the From~xs hcreby mortg~ged and no iorbearance on ~M pan of the N1pRTGAGEE or ity s~ccetwrs
o. asi~gns and no e~le~sion of the rtme (a the payme~l of the debt hereby secured qiven by Ihe MORTGAGEE or ih successwf or ~u~yns, shall opsrN~
ro release, d~uhar9e, modi(y change or affect the orig,nal i~abdrty of the MORTGA('vOR here~~, either in whole w ie psrt.
10. It is spec:fically agreed thar time is of fhe essence of fhis contracf and that no waiver of ~~y oblig~+~an he~e~r~da~ p of fM obliy~tion str
cured hereby shall at any time thereafter be held lo be • waiver of the terms hereol or of the instrumeM secv~ed herby.
l i, tn add t;o~ to ~he fwego'ng monfhly payme~rs of p~inc'pal and imerest requ~red by the prom ssory nore secured kereby, mortgago~ covsnsnts
and agrees to pay to ~,or~gagee v.•iih eech month:y pa~rr.eM an add~~ionai sum est~.*ca~ed by rtwrtgagee to be equal to 1,/14 of the a~nual cost of the follow-
~ng: ,
A-All re~l property taxes lev~e~' or assesscd ag3i•,s~ ihc above dexri5ed real estate.
B-Prem~ums on Lre and windator.w ma~rance as be~e~n ~equ~red to be u~ncd on the improvemertrs situate on The above described premisei. '
C-Prcmwms on such mwtgage g~arenty ir.surar,ce aa moitgagee shaU .from t,me to time deem fit to urry oo Ihe loan secvred hereby.
Mor+gagee sha!! from r«.,e to t~me norlfy mertgagor ~n wr~t~ng of the amo:,~t due a~d payable hereunder ~nd such wm shall thereupon be dve and
~ayable on the due date of ~he neRt montA:y payment and exh ~uccessive mo~th thereaf~cr vr.til mwtgagee shell notify mortgaga of s thange in suth
amo~Rt. $uch sums shail !x app'ied by martgeyee +owird 1he p~yment of reel p~operty taxes, insu~artce prem:ums, and morlgaqe guar~nty infur~nce
premiumf. -
IN V11TNfSS WHEREOf, rhe sa~d MORiGAGOR has hereunto set his hand ~nd sest the ay and ar firtt e'
Siqned, Sealed and detivered in the p~ese~xe of:
fIlEO AKO pEC0R0ED ~ ~ q
'Jrz zY~[ % ~ L ~~cc~+~-~ ST.IUCIE COUNTY f Jos h 0. te a e adu n
RO~ER POITRA
=--'y~ RECORO ~EE~ IED
--:+Y ~ ~ari
STA1E OF fIORIDA 2 ` • .
~ . ,
`~2;~~ ~c I~i I! sz ~fl'76 'L . ~ : . .
couNnr oF St . Luc ie : , . ~ _ . , _ :
Joseph 0. LaBante, a single sdvlt~=:: .
6efae me pe~sonally appeared f6Y
*.7C7~IFJl~O ~wdl krwwn and krw~wd to ~s.to t»
the Indiridw! destribed in and who e:ecuted the ta~oiny instrumeM, end +ckrwwledged befwa me Ihst h~,'• e~cl0utlA ~UN: fsr i(~'~'~oi Ht~~irpoNs
. ? : . ~ ; 4= x` ~
rhesein exp~essed. • .L, -
J9~
~ :t s:~',.
WITNE55 my M~d snd official se~l this 1- day af ~CB~ /l. D. 19~
~ i
N ary Pubtic ~nd tw the 5tate of Florida et lsrya
My om ' expirp:
Return To: .
fint Federal Savinys 3 loar? Associat~on
01 Fott P:erce. ~Ot~~y p_hre. S~~ Ot ~
- Fo~t ~~erce, Floride };y Cx.~.mission Expises Auq• 3~• ro~
F+c~~O L? A~anasw ~r. 2 C~+w~r ~owW~+
This Instrume~t Prepared By ~arol B. But'ns
First Federal Savings b Loan Association
of Fort Pierce ~ F'lorida
~h~k~d By - - ~26~ P,,C~ 3~
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