HomeMy WebLinkAbout0611 J. To plsce and co~tinvo~sly leep o~ ~tu bu~~d~~ g~ ~:ow w hr~e.fter fu,.e1~ on iaid I~nd ~nd c.n a~~ equ~pme~? ~nd paWn~lly cowrtd by lhif mtv~¢
ap~, wi~h ~ll p~emi~inf ~hcrcon p~:d ~n ivli, hrr ~~iwo:,ce ~n ~Ae uf~d Narxfud po~ity lorm, io •~um •pWo~ad b,r IM MOR(GAGEE. snd wind~~am
inw~~nce ie ~M uswl ~~~ndud pol,cy tam, in a wm aFpro~ed br ih~ MORTGAGEE, in ~~ch company or comp~n~et a~ht MORTGAGEE may
dueu; ~nd aU !lr• aod w~nJUOrm ~niur~nc~ pol~ur~ on ~ny o( z~~d bui,d,r~ps, ~e?y inte~es~ tM~ein or part ~hereol, in th~ aQq~eqs+~ wm a1p~?a~d w
M eaces~ ~hereof, ih~ll co~~•~n ~M wual t~anJard matye9e~ clause w sucA o~her daus~ ~s 1M Mortpp~a m~y requ~r~, en~kinp ~M Iou unde? ~~~d poli~
ci~f, e~ch and werY. payebta ro s~~d MORIGAGEE as ;h iroerest ma~ app~ar, a~d ~ach ~nd we~y fucA poi~cy sh~li b~ prompNy ~si.y~ed ~nd detive~ed ~o
~ ~n~ Ae1d by sa~d MORiGAGEE ~urrhe~ secunfy ~o se~d mart9egs dnbt, and, not le~~ ~han ~en (10) ds~• ~n advanc~ 01 ~h+ •xpirotion ol e~ch policy, ~o de-
liw~ to aaid MORTGAGEE a~e~+ewal thcreof, Ioye~ha wifh •~eta~pl for the pr~mium ot ~uch renswal; and ~her~ ~h~ll b~ ~o f~r• or windsto~m in~wu~c~
pl~ced on any oi u~d bvild~rgs. an~ inte~est ~he~e~~ a par~ thersof, untess in th~ (o.m and w+th ~M loas payabl~ a~ ~fw~said: and i~ ti+~ ~vtnt ~ny ~um
' of mon~y becanes payeb!e under such policy or poLues s~id /NORiGAGEE ~betl Mw tM op~~on ro ~ecn~ve .nd ~pply the sam~ on aco~nt of tM indebted-
ness sec~red hcr~bY w ~o perm~~ asid MORiGAGORS ~o eete~r~ +nd vs~ it w an~ parl ~hereoi 4or or~~~? p~~HOSes, w~ihouf ~h~.eb~ wa~ving or ~mpan-
i~p any eq~~ry, tien a r~qh~ under a by vireue of thia mo~~~a9e; and ~n ~M eve~t u~d MORTGAGORS shell fw any re+wn (~il to keep the s~id p~emitef fo
it~wrcd. ot (aii to def~vm p~omp~ly any of ~aid pot~cies o) insurance to 3aid MORTGAGEE. ot fa~l promPtly lo paY }ully ~ny pre~n~um the~e}w w in anY
n~pect lail 1a pe~fwrrt dncha~ge, eaecw~, effect, comple~e, comply wi~A and ab~dt by Ihis covenant, o~ •ny pa~t he~eof, said MQRTGAGEE m~y pl~ce ~r+A
. pay fw suth insu~e~ce o+ ~ny part thereo( withcwt waivinp o~ affettinq any oprion. Ii~n, equ~ry. w ~ight v~de~ or by virtw of ~his /No~tg+~~. •nd Ihe
• (vll amo~n~ of each and eve.Y ~ucA paymenl shatl be immcdiately d~e and payabls ~nd sl+at{ bea. i~te~eat from the dale t}?ereof until p~id at tM ~aN ot
nine per cenwm por annum and ~o~riher wi~h such inte~eft shall be iecured by ti» ti~n o! thii ma~9age.
.
To permil, commit w s.r(fer no waste, impairmenl or deterioration o! sa~d p~opcrty p any part thereof.
S. T~ pay atl and iir,~ula. the cosrs, cMrges and e¦penses, inctuding a re+sonsble ~ttwney i fee and co~ts of absnacn oi t~~ls, i~curred o~ paid at
any time by ss~d MORTGA.:.ff, becauss a~n the even? of the fa~lure on ~he part of tM a~~d MORTGAGOR to dufy, p~omptly ~nd fully parfwm, d~schuge.
execute, el(ecL compter~, comply w~~h and ab:de by sxh ~nd every the stiputat~ons, +greementi. cond~~~ons, •nd covertanti of s~id p~omissory note a.~d thii
mpt9~ge a~y w e~~he+. and said cwts. cMrges and eapenses. e~ch snd evcry. sfia{1 be immad~~tety due and psyab:e: whetAe~ or not there be notice ds
mand, attcmpt to colkct a wit pend:ng; and the (ull amovM ot each ~nd e~cry such pa~rt+em shall bee. ioterest f~om ~M da~e thereol until p~id N t6e
:ate oF n~ne per cent~m pcr am~~:n, afxf atl ssed c:.st?, ~~drBCi and o,epenua incurred w pa~d, ~ogethe~ w~th such interest, ihall be tecurtd by the lien o1 th~~
rt~dfylpf. .
6. Ths~ (e) in tM e~ent of any breach of th~s Mortgsge w def~~lr on the pa.t of ihe MORTGAGOR, or (b? in the event any of se~d sums of money
F+erein refe~red to be not p.omptly a„d fully pa:d wiehin ~h~rty (30) days ~e,c~ afeer fhe same se~er~lly become due and payabl~, wi~hput dem~~d a eatice,
or (c) in the event each and every ~he stipulanons, ag~eement~, cond~rion~ a~d covenants of s~,d promisao~y note ~nd th~s mor~ga9e u~y or a~the~ are not
~uIY. promptly and lufly pertormed, d.xh~r~ed. execu~ed. effected. canpteted. compGed with aod ab~ded Sy. tFun io e~ther o~ any such svenf Ih~ said a¢
pregat~ sum ment~oned in aa:d prom~ssory rwte then rcma~ning ~npa~d, with inreres~ acuucd. and ail moneys sccwed hereby, tha~l become dw and pay-
abte for~hweh, w+hereafrer, at ~he opr;on ol sa~d MORiGAGFE, as fufly a~+d comp~ete~y as it atl of the sa~d sums of mooey were o~~gi~apy tl~pulated
to be pa6d on such dsy, anything in sa d prom,sswy note o~ in this Mwtgage to the conrrary not~v~tha~and~nq; and ~he?eupon or thereafter al the option of
said ~INORTGAGEE, w~~hout norKe o? demand, su~t at law a in equ~ty, fherefwe w the~edter begun, may be proucWed ~s if ~II mooeys satured he~eby
had maiwed pnor to ~ts ~nst~~u~an.
7. That in rhe cvent ~hat at the bcginn;ng o( or at any tirrK pending any su~t uFon this N•ortgage, w to fweclosa it, or to reform it, 'o~ to enforce
psymcnt of sny cla~ms he~eundrr, sa~d MORTGAGEE sha11 appiy to the Cov~t har~ng iut~sd~cs~on thr~eof ior the appo~ntmem of ~ Recciver, such Court ihall
~o~thwifh appo~nt a ~ece~~er of s~id mw~geged prope~ty all and a~ngul~r, includ,ng aH arxi s~~gu~ar the income, p~olds, issues and revenues from whatever
tource de~ived. each and evcry o1 wh;ch, be~ng exprr»~y undeniood, ia hereLy mor~gaged ai ii speuficatly set forth and dewibed in 1he yrantirp and
hsbendum clauses hereof, and such Receivcr shall Mve all the broad and e(iecr~ve funcs~ons and po~vcrs in anywise entrusled by • Cov~t to a RK~irvlr, ~nd
tucfi appoimmen~ shaU be made by s~cA Court a~ an ~dminrd equity and a rnaner of e?~wlure riyM to said MORiGAGEE, ~nd withovt re(erence 1o the
KICqYKy O? inadequacy of the va~ue of +he p~oper~y mo.~gaged or to the w;Yency or ~nsotvency o1 s+id MORTGAGOR w the defendanu, and that iuch
renrs, profirs, incane, iasves and revenues shall be appl~cd by svch Rece~ver ~ccord~~ig to the lien w puiry of said MORTGAGEE snd ~he pradice o~ tuch
Cou~t.
8. To du1y, piomptly and fully pe~fo.m, d~scha~ge, esecute, efiect, complcte, compty w+fh snd abida by each •nd every the sripuietions, sgreements,
condit~ons and covcnants ~n sa~d promissay note and ~h~s mortgage set forth.
9. ihat in ~he e~ent the owne~sh~p of the n+ortga9ed prem~srs, a any part tFureof, bccomes vested in a person other than 1F~e MORTGAGOR, the
MORTGAGEE, its successws and ass~gns, may, without not.ce so the f~tORTG1>OR, deal with such successw or successor in interesl with reterence 1o this
morrgage and the dFbt he~eby secu~ed in the same man~cr as, w~th Mortgagor w~t?qut in any wey vit~ati~g p d~stharging the Mortgagort' li~bility here-
undes w upon ~I+e debt hereby secued. No sale oF tM premise~ htreby nwrtgaged and no fo.bearsnce on Ihe part of the N10RiGAGEE w it~ tuccessws
or aai~~+s and no exte~a~on of the t,me fw ~i~e payment of fhe deb~ he.eby secured 9iven by the MORTGAGEE or iu sucussori or eu~yns, shall operate
ro retease, d~uharge, mod~fy change a affecl 1he o~igw+al liab~l~ry ot the MORTGAGOR herein, either in whole d In part.
10. N b spec+ficalty sg.eed ~hat time b ol 1he essence of ~his caw~ct and tMt no waiva of ~ny oblig~rion herewwler or of the obtiynion so-
cured hereby shsll af any time ~hereafter be held ro be • wa~vea of the terms l.e~eof w o! the insuumem secured herby.
I 1. lo add:~~o~ ro rhe iorego'nq mon~hiy paymenrs o( p+inc pal and interes~ requ~red by the prom+swry ~ae sewred hereby, mortgagor covenants
and ~grees to pdy to mongagee w~th tuh mOnth~y payrnent sn add~~ional sum esnmated by mortgagee to be equal to 1!12 of the annual cost of the follow-
ir~g:
A-All reat properf~ ta,crs ~e.~ed or assessed aga~~se thc above desv~bed real estate. .
B-Pre~:iun+s on Tire and w~ndstarm ~resura.^ce as Ixre~n requ:~ed to be carned on the ~mproveme:+ts situate on the above described premises.
C-Premiums on such morrgage guar3nty ~nwrarRr a: rno*tgagee shall irom Yme to t~me deem fit to car.y on the Iwn secured hereby.
Mprtgsgee shaH fram t.me to time not±fy mwtgagor in wr~t~ng of the amoemt due a~d payablp hereunder and such tum thalt there~pon be due and
Fayabie o~ the dve oare ot the next monthly payment and exh,successire mo~th the~eaftei vr.til'tf~ortgaqtE"~hall rtotiFy mortgagor of a change in such
amount. Such sums sha:i be app!ied by mwtg~>e toward the paymenr of real property taaes, insurance prem:ums, and mo~tgage guara~ty insurance
p~emiums.
IN Y~ITNE55 VIHEREOF, the sa~d MORTGA~'~OR hss hercunto ut h~s hand and seal the day and ar st si esaid.
Signed. Sealed and ddivered in the presence af: i
_ ~
o an B. N o son f4j~~
`l +1- ?!w en -
_ _ (Seap
)nrri__ ' '~G•.i:-C.t~LZ-- ~Gc~~l~-.--f~?c>~SealZ
~ Blirabeth N c o son
SSAiE Of fiORIDA
St Lucie
COUNTY OF ' 1
Befue me pcrsonally appeared Roland B. N1CYlOlSOII
elisabeth NiehQlson his wife, to me well known a~d known to me to bs
the individusts dexr~bed in and who executed the foreganp i~atrument, and acknowledged before me that they execvted fhe same fw tFrc purpoies
therein exprrssed. Ar~d the said 8.~ i~.~,heth .BliChnlsc~n
wife of the said ~~~~d jIj3,C~il~,~On upon • sepsr~te and pr'rvat~
examination by me taken aeparate and apart irom her said huiband, attcrawkdged 10 +nd before me that she executed said instrument freely ~nd voluo-
renly and without any compulsion. conserai~t, apprehens>on, a fear of w from her wid nd.
WITNESS my hand and of(ic~al xal th~s__ d+y of ~ A. D. 19 7~
i ~
_ ~ ~N-L ~t-w ~~i.,/
Notary PubGc in ~nd for tFro te ol F{pid~ ~t L~rqe
My Commasion expires: Au ' 198~
Return To: ~ ~ .
first federal Sa:ings 3 loan Associat~on
Of fort P~e:ce.
. •
fwt Vierce. Ftorida - ~ ' ~ -
. - . ? -
This Instrument Prepared By Gdiy R. Sll~llOOd ~
~ ^
First Fede~al Savings 8 Loan Association ~
~ of Fort Pierce ~ FlOifda ~ ~ ~
<< ~ ~ _
' fIlEO ~?ND RECORDEO ~•°,.;.~~,1 .
Checked By` .~~,t--- ST. ! ~lC+f COUMTY f LA.
f~GGLR POITRAS,p?aif
r,~~RR G~~CUii C~l.
RFf.ORS YfA1flEC~
6~R~263 p~E 597 ~=J~:~,~ . . : ?H
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