HomeMy WebLinkAbout0359 3. To pl~c~ •nd cont~nuou~ly ~e~p on ~M b~~'d~r.g~ now w hers~t~sr utuue on ~a~d I~nd •nd on ~R eq;,~p~~ent ~nd pe~wndly covsrsd by ~h~~ mor~q~
p~. wi~h dl premwms H.eieon p~,d ~n fu;l, hre inswenc• ~n ~h~ ~wd ir~rde,J poGty fdFm, M a~um a~:~+c•.ed by !M MOR(GAGff. •r~ w~ndstwm
insuraMe in ths v~uai t~and~rd poi.cy fa~n, ~n + ~um approved b~ tht MORIGAG[E, i~ ~uch tompa~y or to~+pan:~f ~1 ~hs MORiGNGEE may
duKlj •nd all 1h~ ~nd w~nJ~~o~m ~n~~~~nc~ pokc~es on ~ny ot fs~d buJd~nOt, ~Dy Inl~?11t there~n or par~ ~hereot. in Ihs p9re9st~ wm alp~uid Or ~
In ~acru the,eo/. ~MII conau~ ~he uiwl Ua~~Jerd mweps9ae cl~u~ o~ such o~M. cl•u~~ ~M Ma~oayee +nay rpu~r~. m~?~M tM b~~ unde~ •.~d po~i~ •
Nn. esch ~nd wery. p~rab•~ ~o sa~d MORiGAGEE ~s iroere~~ may appeu, ~nd e~GA and •v~~y ~uch poi~cy ~h~U b~ prompuy a~~ y~cd ~nd dtlivered ~o '
+ny hs~d b~ ••~d MOR(GAGFE ~s lu~~her secur~~~ ~o +~~d mortflaq~ debt, and, no~ le~s than e~n (101 days in adoarx• o( ~he e,~p~r~tion of each pol~cy, ~o d~- ~
tivN lo f~id MORTGAGEE • rtnewal ~he~eo}, toqe~l~er w~~fi a rKS~pt !p tAe pt~m~wn o1 ~uth .enew~l; •nd ~hero ~hall b~ no hre or w~nd+to~m iniu~ant~
pl~c~d on ~~y of s~id build~ng~. •ny infe~esl tMra~n a par~ the~eol, un4es~ ~n ~M to.m ~nd wnh th~ ioa pay~~1~ ~fw~said: and in tM evsm •ny sum
of mon~y bccw.+~i pay+ble unda such policy a polK~si sa~d MORTGAGEE ~Aall haw ~M opr~on ~o rece~ve ~nd apply tM s.~» o~ accwn~ oi ~he i~bred-
n~ss secwed Mr~by a ro perm~t se~d MORTGAGORS ~o reselvs ~nd us~ it a any parl ~he~eol t4. o:ho. pu~~asrs, v.~~tw~t ~h:.eu~ waw~~y ~mps~.- .
i~+y any pu~ty, Gen w righ? unde~ a by vi~tw o~ this mor!g~9e; and in ~M •vent w,d MORTGAGORS ~ha!1 fo~ any reason (~il to keep ~M ~a~d P.•miars w ~
intvred, a fait ro deliv~r promptly ~ny of said pol~cies of in~urant~ 1o a~~d MORIGAGEf, o~ (a~~ p~omptl~ to pay fulty ~ny pre~»~~m thera}w o~ in ~ny 1
reipect lail to p~.fwm, d~schuge, execu~e, etlecl, to~+plete, compty wi~h ~nd abid~ by ~his tovenant, a~~y pan hereof, ~a~d MURiGAGEE ~+uy p~ac~ a~+d ~,r ~
i_' . • r'• a~""_ ~ _ : : .v ~.i•~.r nl Ihif Mof~~n~. af~ 1~1! ~
pi~ W i.ili~ iii3tiiJii~O V{ Wa) i.Y:[ '.~.`:~'.ii .::::u:1~ :iC~s:~y t{i d:«i:i::i a:ai v~'~:~. _i~i.:i, i• ~-i. . ~ . . _
full ~mount ol eacA ~nd ev~ry suth paymenl shalt b~ immed~ately dw a~d payabl~ ~nd sMll bear in~e~eu from ~M dat~ thereof until pa~d ~t tM raN ol
nine per cemwn per annum and rogNhrr with tuth imeres~ ~ha~~ be secured by the lien of Ihif mwtgaye. a.
1. To permif, commit or sutle~ no was~e, impairment q deter~or~tew~ of sa~d property or any parf thersof.
5. To pay alt and airgul~. d~ coan, cMipes and expenses, ~nclud~np a roa~onsble at~orney's lee ~nd cous of absu~a~ of titte, incurred o. paid a+
•ny time by s~id MORIGAGEE, becsuss a in ~he eve~l of the (a~turs on the part of tht sa~d MORTGAGOR to duly, prompNy ~nd lully paform, d~xharq~.
e~cec~te. e(fecf, complcr~, comply w~th and ab:de by esch ~nd every tha stipulauons. aq~eements. ca+d~t~ons. and cown~nts o/ sa~d promiuwy r+ot~ and ~h~f
mwtg~ye ~ny or either, and ia:d cosb. cM~pe~ snd expenses. each ~nd ~very. shall be immed~a~ely due ~~+d pay~ble: whether a not there be not:ce da
msod, attempf ro coitec~ or •uil peod~~g; and the fvtl smoun~ of each ~r+d every wcA paymcro shall b~+. int~rest i~om ~he dat~ rMrcof vmil paid ~1 ~he
rare o~ ~~ne per cen~um per an~~um; and all safd co»s, ct.u9es snd expenses ~ncwred o~ pa~d, toyethe~ w~th such inttr~~~. ~hall bs s~cu.ed by ~h~ Gen of th~~
morl~~e.
6. That (s) in the event of any bre~ch of thi~ Mortgegs or defaull on 1he put ot ~he MORTGAGOR, or (b) ~n ~he ~vent sny of ia:d sums of money
he.ein r~(e~red 1o b~ not promptly end IvUy paid wilhin ~h~ny (30) drys nea~ Nte~ the same sererstly become due •nd payabi~, withoul demand w notict,
or in tlu event each and every ~he ~tipvlatiwa, agreemenb, co~dn~ons and covenanta of aa:d pran~ssory note and ~h~s mw~y+pe ~ny a~~ther are nw
~uly. promptly and f~l1y perfwmed. d~uMrged, executed, ~Ifected, completed. complied w~h and ab~ded 5y. then in e~~her w a~y iuch ev~n~ ~M sud a~
gregat~ sum mentioncd in sa~d promiswry note then ranaininy unpaid, with intcrost ~ccr~ed, ~~d +:1 moneYS seturet) hereby, sMtl becwne dw and pafi
able forlhwith, w thereafrer, at ~he opr~on of sa:d MORTGAGEE, as fully ard compleiely •s if •11 0! rhE sa~d sums of money were apinalty s~~pul~ud
ro be pa~d on such day, anyth~ng in sa d prom»swy note o+ in this Mortyage to the co~nary notw+thstandu~g; and thereupon p theresiter the op~~on o(
sa~d MORTGAGEE, w~thout norKe o. demand, sui~ a~ law a~n pu~ty, thcrefwc a therea(ecr b~jvn, ma~ be prosecu~ed as if all nwneys secured hereby
nad matured p~~oi to ~ts ~nstirw~on_
7. Ths~ in rhe eve~t ~har at the bcqinn~ng of or ~t any ~~ms pend~ng any suit upon fh;s Mo.rg~ge, w ~o iaeclose it, or fo refo.m it, or to enlo?c~
payment of any daims hereunder, sa~d MORTGAGEE sha3t appty to the Cour~ havirxJ jur~td.ct~on fhereof for ~he appo~ntmem of • Receiver, such Cou~t sMU
Forthwith appoint a receiver of a~~d mwtgaged prope~ty eU •nd s~~+gular, includ~ng aU and s~ngu~ar ~he income, pro(~ts, i~sues and reveoues from whateve~
wu.ce derived, exh ~nd every of wh~ch, ~t bc~ng e~p~esaty unde~srood, is hereby mwtgagrd as il spet~ficatly set fwth and dewibed in the yr~roirg u+d
habendum clavses hc~eof, and tuth Rctei.cr shall have all the broad and eff~tnve funct,ons a~d powers in anywise entrufted by a Couri to • Receirer, •nd
~~ch ~ppointmen~ shau be mede by such Court ss an ~dmitted equity and a maner oi absoi~u riyht to sa~d MORTGAGEE, snd without reference to the
edeqvaty or inadeqwty of the wlue of the p~ope~ty mor~gaged or ~o the sarency w,nsolvency o( sa~d MORTGAGOR a the defandsnts, and tlut tuch
renrs, profib, income, iasues and reve~ues sMlt be appiied by tuch Receiver accwd:ng ~o the I~en w equity ot s~~d MOR~GAGEE and the practKe of such
CouA. .
8. To dvly, promptly ar+d fully perform, d"+xharge, e:ecute, ef(ect, co.+~ple~e, canply w~?h and abide by each ~nd every the itipvletions, agreemcnU,
conditans and covenm~s m sa~d promissory note and ~h~i matgsge set to~th_
9. Tha1 in fhe event the ow~+crship of the mortgaged premius, or any part thereof, bccomp vested in a person othet than the MORTGAGOR, tM
M.ORTGAGEE, ~+s succeswrs and ssi~gna, may, w~tha,r nor~ce to ~?~e MORiGAOR, de+t w~~h such successor w successa ~n ~merett w7~h refcrence to ~l~u
mo.tqye and the debt hereby secured in the same menner as w~th Mo~tgagw w+thout in a~y way vi~iating a d~uhar9~ng the Nlonqagors' li~bil~ty fner~-
under or upon the debt hereby sec~red. No s~le of the prem~sea he~eby mo~tgaged and no lorbeara~ce o~ the part ol the MORIGAGEE o~ its tucce:aon
r_.. ..i a_ti. tiy N!4R?G. GEE e• 4ts w%cessnrs or ass~ nt. .hall ~at~
~ r s-•--• _ 4 4 ~M
to rNease, d~xhar~e, modify cha~ge w affect the ong~nal lia:adny of the MORTGAGOR herein, eithe~ in whole w in p~rt.
10. It is spcNf~c~lly agreed that time ~s ot the esxnce of ~hia contract and tMt no w~ive~ o( any obl~gat~on hereu~der o~ of the obliy~tan se-
c~red hereby shall et any time thercaftcr be held Io be a wa~rcr of the terms hereoi or oi the inst~umeM secured h~rby_
11. In add *:o~ to the forego ng monthfy paymants o( princ pal snd ineerest requi~cd by the p~om~ssory ~ote secured hereb/, mortgagor tovenants
and ag.ees ~o pay to morrgegee rv~th each momhfy pay.ner~t an add,uonal aum est~n,a~ed by mortgagee to be eqval to 1 j 12 of the annual cost of the foltow-
mg:
A-All reat propeny taxes lev~ed or aasrsted aga~•est thc above desc~ihcd reaf es*ate_
B-Prem~;,ms on fire and w~nds~o+m irwrarce as here~n rcq~;red to be can;ed on the ~mprovementa s~tvate on the above desaibed premises.
C-Premiums on such ~r:ortgage guaranty inwrance as mortgagee shall frorm ~.me to hme decm fit to carry on the loan secured hereby.
~ Mortgagee shail !rom nme to time no+~fy mortgagor ~n w.i+:ng of the amou~t due and psyable hereundrr a~d such sum shail thereupon be dve and
~ Fayable on the due date of ~he nea~ month!y payment and each successive month thereafter'ur,til mortgagee shall nolify mortgagw of a change in such
f a^~ount. $uch sums sha'i tx app:ied by mortgag~e ~oward the payment of real pioperty ta:es, insurance prem.ums, and mwtgage guaraoty inswance
{ p~emwms.
IN Y~~TNE55 WHEREOF, rhe said MORTGAGpR has hereunto set his hand and ~e~l the day and ye~? firil a(aesaid.
Sfyned, Se~ted ar.d d'vered in the p?esence of: 1 , -
f{lE0 AM~ .:ECU~IDED .
` _ iLWC~E C:uKTr F~ - i of sen •n
- -i+v~`~~ aoce ~ ~o: t ~as ~a vi 3 •i . .n
E c~E~K c~;~LO!T CO , , n
aE~OROvERiF+EO i~i- ~ ~ ~g farse:~
~
_ ~
p~c t~l t2 ~9 P
STATE OF fLORIOA M ?6 ~ _ '
couNnr of ~ t . Lucie ~ ~ _ ~ , e .
~ :
Befat me persona;ly a~eared ~ Q ~J : 'j . Ci~'1:' 1. S C : C'• Y' ; @ :1 - ~ + - _ ~nd
't; @ i~. • :'f i T' 19 t O:~ r s e n h+s wife, K rrw :~1( a~k{ krtiwn ?P m~ to b~
rhe individu~ls described in and who executed ~he fore9oiny instrument, ~nd ~clcnowled9ed befwe .n~ thaf if~ey 1*~~~(;s14~}~,t,~ P~?Poses
therein expressed. Md the said 3.F'l,ii ~t1: 1St-^-i''ersen y _
.~~fe of the wid )'~V: ~ ~'.ti:'~S ~OL :erse:~ ~'i ~ ~ ~ ~ `~~r~te ~nd priwt~
e¦aminatiw~ by me uken separate a~d apart (rom her said husMnd, adcnowled~ed to and before mt that ~M l7cewt ~Mi~ iastrume~t freely ~nd volwr =
~ar~fy and without •ny compulsion, constraint, apprehens on, py~ fear of w from her said husband.
WITNE55 my hand and otfici~l seal this ~~r day of 7e r L m Je r A. D. 19~
~
~ Nma ' in a for the S~ate of fiorida ~t larye
My m~ss ~cpir~ ~
,
Retv~n To: S(~~ 0~
Fint Federd Savinqs 8 loe~ Associ~t~on '
of Fo.~ P,««. Mr ~,wi~~cn Exares /9FQ
~a~id i, A„K,s,. 1.. ~ c...!~r ~
` fort Vierce, FloriJa
r
~
This Instrument Prepared By ~or,~13 ::a:;hos
First Federal Savings b loan Associat~on
of Fort Pierce ~ :'lorid~
Checked 8y~ ~ ~
~ ~
. , .