HomeMy WebLinkAbout0639 lo plac~ and coetinuo~sFy kNp on ~M bvi!dinp~ now a I~ftNi1N ~trwt~ on aW land u+d on ~N pulpm~^t Md pN+o^aily cov~~~d by ~his ma+¢ :
p~. with a!1 p~mi~Ra ti+Kw~ pa~d in lull, Itn anwranc~ ie ~h~ uwal sunda.d poNcp lom~, fn • awn app~owd by ~h~ MORTGAGEE. and wi~dstorm
taw~ in tM wwl sa~dad pol~cy ta~n, iw • wm ~pp~ov~d bp ~M MORTGAGEE. {n wch canpn+Y a comMW^iM u ~M MORTGAGEE m+y
dine?t ~rd all tir~ and wi~~o+n~ inwr~nn pdiciti on aoY of aid buiWu+p~. any In»nu tl+~~ie a pw~ ~Mrwt. {n ih~ apqreya~~ iw~+ ~faKSid a
in uce~ss dwrwf, sh~ll ca+~sin ~Fw uswl sta~dxd ma~yapN c1~vw or such ah~. e1~ ~a tl+~ Mata+~ui nwy rpv~n. ~ki.q Iws vr?da s.~d pdE ,
ciw ~+th and way. WYsbl~ to aW MORTGAGEE ~n in~~.~N may ~ppwr. ud NcA and ~wry wch PaKY sMlt b~ pranPtly ~a:9~tt1 and d~livKed w .
wiy h~ld b~r wW MORTGI?GEE a~ fw~M. s~curiry ro ~id matqay~ d~b~. +nd. no1 le~ ~Mn t«+ l10) day~ fn dvu~a of IM ~xpGalion of ~ach po1?cY. 1o d? . `
IIvK ro wW MORTGAGEE a r~w~l iMr~ol, topahw with a nt~ipt fw iM pnmiwn o! svcl~ r~w~l; ~od ~Mr~ shall be no li~~ w winds~am inwranc~
pbpd on w?y of said buikl'iegs. ~ny intN~u tM~~in o~ part tM+eof. wdaa In tM fam ~nd with tM 1ws P~Yabl~ os ~f«~asidj a~d M+ 1M ~veet u~y sum ,
of mo,»y b~co~ p~YaW~ wKl~~ such poticy a poi~ci~s s+id MORTGAGEE sMll tNw ~M option w rtpiw ~nd apply tM s~me oe +cwuM oi ti» Ind~bt~ '
Mas fKw~d INr~by a a p~rmit faid MORTGAGORS ro nt~iw and w~ N ot any p~~t 1Mreoi lo~ otho. purposes, wi~hout th~s*eb? waiving o~ ~mpair• ' i
Inp ~nY p~ity. INn o~ riphl ~x~de~ w br virtw of this mort9ap~j ud in tM ~wnt t~id MORTGAGORS sMU fa uiy r~aoe f~U to kNp tM aid p~emisy su :
Nuwed, or falt lo deliwr pomptly ~ny of said po=ict~s o( irawurc~ ro s~~d MORTGAGEE, a f~il promptly to pay hrlly ae~y premiuen the+~iw or in any ~ f
n~ct f~il q p~?form. d~scAuy~, ~:avt~, ~ff~q, compb+~, comply wi~h and abid~ by this oownan~, a+nY put he~wf. s+~d MORTGAGEE may pl+c~ ar+d
paY iw wch inwraect a any paH ~Mr~of wl~hout waivinp a~ff~inp a~+y opt~on, li~, Wv~h~. or ~~ph~ w~da a bY vinvr of this Monp+p~, ~nd ths
full anaunt o1 ~ach and tvery +uch p+Ym~m sh+ll b~ immtdiat~ly dw and payabb ar~d sh~ll btar int~rnt from tM dat~ thsreof until paid at the nt~ ot
ni~ pN umum pa ~mwn and togethe~ wirh wch interos~ ~ha11 b~ aecu~ed by tM 1'wn of th~~ mortya~. "
?o pKmh. aonri~it or wfte? ra waits. knpairmenl or dsterbn~ion oF s~id prop~rty a~ny p+r1 tMrwf. ~
5. To pay ~II m+d sinpvt~r tM costs, charpes u+d expe~?~s, includinq s resson~bM anwn~y's fe~ and oosts of ~bshacts of ti~b. incvned o? paW st ~
~ny timt by said MORTGAGEE, b~t+~s~ ot in the event o! the fsilw~ on the p~rt of 1M s+id lNORTGAGOR b duty. promPtly ~~+d fully pKfwm, disch+rOR ,
~xecut~. ~ff~ct. complet~. comply wi~h ~nd ab+d~ by ~xh and every the it~pul~~ioeu. agresments, ta+di~ions, u~d oow~+anri of said promisswy not~ and thi~
mor:pape any a ei~he~. and sald eosri, cbuyq and ~xQens~s, each and ~very, sMll be immedi~~ety due uid payable: whether or ror there b~ ~or~ce ds
m~nd. ~nempt to cotlect w wit pe~fieg: a~d th~ full smount of each ~nd way wch paymeM sMll bea~ i~teres~ from tF?e date thsreof untit p~id ~t tht ~
rale of nirr per « ntvm per annu.~n; and all said coit~, cMrgss +nd experues incwred or paid. ~oqether w~th such interpt, shall bt satured by tM lien of thu
.
gsg~ ot aef~ule on fM part of the MORTGAGOR, or (b) in tl+~ ~vent ~ny of a+id ~wns of mo~ey
6. TMt (a) in tfie ~wnt oi sny br6+ch of this N1wt $
lwein r~fcrred ~o bs nof promptly and fully paid yv~th~n thirty (90) days next ai~er tht san+e sercrstly become due and p+Yable. withouf demand w notice. .
or (c) in the evem~each and every ~FK ~~ipula~ions. agree.~r+ents, condirions and corenenti of sa:d p~omissay. note and th:s matqage any or eitl+er aro nol
~uly. prompNr a~d futFy performed. d~scharged, e,cecu~ed. effected completed, complied with end ab~ded ~y. then in e~~F+er or soy ~uch ewro the said ag
preyat~ tum mentioned in said promissory notc then remainin9 vnpaid. with iroerc~l accrued. and all moneys tetwed hereby. ~hal) bctome dw u~d P~Y~
abk fa~hwieh, w thereafta, st ~he oprion of isid MORTGAGEE, ss fvlly and compk~ely as if all oi ~he w~d wms of ~non~y were ~iginslly sGputated
lo be paid on such day, a~ything i~ sa;d p~om~ssory note w in this Matgage fo the cororary norwi~hs~snding; and thcreupon or ~hereafter a~ the opt~or? of ;
•aid MORTGAGEE, w~~hout notice or demand, wit at law or in equity, the~efwe w therealter begun, may be proaecuted as if all ma+eys secured heroby
4
had matured pnol lo ~ts inslitution.
7. Tha1 in tha event tMl ~t the beginnirg of or at any time pe~d~rg any avit vpon this Mortgage, w ro fweclose iL or to refwm it, w to enfwn
paymenl of any claimt hereunder, said MOATGAGEE shall spply to tF+e Courl hsvirg jurisd~ction fhereof for the appointment af a Receive~, such Cowt shall
forthwith appoint • receiver of seid mortgsged property ~II and singvlar, includ~ng atl and s~ngular fhe income, p~oi~ts, issues and revenuef irom whatever
source derived, each ~nd every of which, it beinp expreasly understood, is he~eby mortgaged as if spec~ficafly ut forth and dex?ibed in the 9ranriny and
Mbendwn dauses hereof, and such~Recei~er sha~l have a11 ~he brwd and e((ea~ve funa~ons and power• in anyw~se entrusted by a Court to a Receive~, snd -
such appointment shstl bs made by svch Court ai an edmitted equ~ty and a m+tter of absolute righ! to said MORiGAGEE, u+d without refere~+ce to ths
~deq~+cy w inadequacy of tM wlue af the property mo.tgaged w to the wtvency w inwt~cncy ot said MORiGAGOR a the defendants, +nd that svch
renrs, profits, incane, issues and rerenues shall b* applied by such Receiver according to Ihe tien or eqvity of said MORTGACaEE and tf~e practice of such ~
Covr1. ~
8. To duty, prompNy and fully pe?form, d~scharge, exccure, effect, compfete, comply «ith ~nd abide by each and every the stipulations, agreemc~ri, ~
coodiYans aad coven~nts in sa~d promissory note and th;s mortgage ser fpth. }
rt thereof, becomes vested in s> rson other than the MORTGAGOR, the ~
9. Ih~t in the event the ownenh~p of the mortgaged pr~mises, w arry pa P~ ~
MORTGAGEE, it~ successor: an~ ess~gns, may, w7thout no~~ce to ttx A10RTGAOR, deal w~th such successor or successor in interes~ with reference ro this [
mortgage and the debt hcreby aecurtd in the ssme manner p with Mwtgagor without in any wsy vit~ating w dixhargi~g the Matgsgon' Iiability here- t
under or upon the debt hereby ~ecured. No sata of the ptemiset hereby mortgaped and ~o fa6euance on. the part 3f the MORiGAGEE a ih wccessors :
p assig~s and no exreruion of the time fw the paymem ot the deb~ hereby setured given by the MORTGAGEE or iri successors ot asa~gns, aha~l ope~ate
I M releax, duharge. modify change or atied the orig~rwl lisb~lity of the IWORTGAGOR htrlin, eitMr i~ whol~ or ln p+rt.
10. It ia ~peufical{y ag.eed thst Gme a o/ the eaence of fhis contract •nd that no weive~ of any oblig~t~on hereunder or of ths oblyation se-
~ cured hcreby shall at any time the~eafi~ be hefd to be a waiver of the t~rms hereof w oi the instrumant set~red herby. #
11. In add~tio~ to tht forego:ng rnonthly paymcnts of princ:pal and interest req~ired by 1F~e pran=ss~y nort secured hereby, mortgagor tovenants
and a~rees to pay to mo~tgagee v.~ith each mon!h~y payrnent an ado~~ional sum est~mated by mortgagee fo be eqval to 1/12 of the annual cost of the follow- -
~ :
A-All ~eal proprrty taxes lev~ed or assessed aga~~st th~ above desaibed reat estate.
~ B-Premiurrts on fire and windstorm insurance si here+n requ:red to 6e carried o~ the ~mprovements s~tuate on the above described premises.
C-Premivms on such matgage guaranty ir.svreoce es mwtgagee shsll from time to time deem fit fo carry oe the ban secured hereby.
~ Atortgagee shal~ from t~me to tirrse rwtify mortgayor in wr;ting of the amount d~e and payable hu~under and such wm shaft thereupon tse due and
payable on t1~e due date of ~he next monthly paym~nt and each succesaive month thereaf?er ur.til mortgagee shalt not~fy mortgagor of a change in such
` amouot. Such sums :ha;i be applied by mwtgagee toward the payrne~t of real property taxes, insurance prem.ums, and mwtgage guaranfy insurance _
l prtm~ums.
~ IN YlITNESS V~MEREOf, the sa7d MORTGAGOR has hereunto set his hand and seal the day and y r first aforesaid.
Siyned, Seated aad defivered in the presence of:
~ ~ ~
e e . i mon ~
(Seeq
i sing ! i t
-a/ ~Seaq
STATE OF FLORIDA ~ .
St. Lucie
courm oF
- s~to.~ ~ a..o~::y appenred Kenneth L. ~zuosond, a sinale adult ;,W ~
1l~li~ie, ro me well kcown snd krawn to me to b~
the irxlividwb deuribed in and who .executed the foreganp inatrument, ~nd ecknowledged before me 1Mt they executed the same fa the purposes
fherein expressed. Awi~he~~id-
~ ~ ~ ~ ~ ~ e~ ~ ~rat~ ~n~i.~Q~ivN~•
wrifs.~fri~rwi ~
~wwwsww~b~rtwe~l~l~ei? separa~w`i ~tw.fraw~xrs~i~~iand,/dw+e+~iedged-~s snd4ie~ere ~+s~i+a* sfie ~xee~~led swi w+sl~iwewh beel~~~old+r~
1~w1~r~~wtkw??~wy-ce~wprM+wrrco~shaiwt-epprel~en ~-fAref-e?-feeer?~!e'saldfnlsb~nl!!
k WITNESS my hsnd and of(ic~al seal this L~~~ day of J nua= A D. 19 77
. ` Y-~ _~QJ
' Notary Pubtic i nd the State of Fbrida ~t Large
~ My Commission eapird:
Retum To: - Notwr Publit. Stof~ oi Florida ot larg~
Fint Fedtrsl Savings b losn Associat:on My Commission Expirt~ Julp 22, 1977
Of fort P.erce. Boa~d~d br Mrotican fire 3 Cas~olfr Cp.
Fort Pierce. Fiorida 354340 ~
~ ..~~r~~.~.._--..
~ .
This Instrument Prepared By J• ~1 Robezts~ Jr. , ,
First Federal Savi~gs b loan Association • ° ~ *U _ - ~ ~
of Fort Pierce~ Flozida ,1~ ~ 23 ~'r " = ~Y~ ~ _
d . . ~r
Checked By ~ t Y - i1tkD ~MU N~•u"''w c,
, ~t.lUtlE COUNT'I.FtA. ~ -
R06EN t01TA?S _
^ ~ CLEpK CNltUlt COURT ~ - _
~~~Z t =.~f ~ ~EC~~o vEa~F;eo
sh
~t - - _