HomeMy WebLinkAbout0855 To plsct •nd con~inuously kccp on Ihe build~~gs now or h~re~11~~ ~ituat~ on ~~id land ~nd on ~If equipm~nt ~nd pawn~tty covar~d by lhi~ marp-
p~, with ~II premium~ Ihe~con pa d in full, fire i~su~snc• in Ihe us~al slendard polity twm, in ~ s~m •ppror~d by tM MORiGAGEE, and windstotm
inturanc~ in tM uiwl uandud pol,cy tam, in a wm ~µproved by ~M MORTGAGEE, in such company o~ compan+et u 1M MORiGAGEE may
du~a; ~nd a!1 fire and w~oclswrm ~nsu~ar?c~ pol~c~es on ~ny o( u~d build~np~, any inN~ea~ ths~~in o~ part ~her~of, in ~M ~p~~.y~h wm ~laesaid a
In ~xc~i~ ~hereol, aMl1 contiin tM usu~l ua~,daid ma~gape~ clav~ or such otFw~ cl~uw ~t tM Ma~ppN m~y ~~qu~n, maMinp tM Io~~ undN sa~d po1F
ci~~, each and every, payable to s~~d A~ORTGAGEE ~s i4 interes~ may ~pp~ar, ~nd e+ch and ~v~~y ~uch policy ~MII bi promprfy ass.p~cd and delive~ed ~o -
~ay Mld by ?a~d MORiGAGfE ~t furrher iKUrify t0 fii(I morty~pe debt, artd, not I~~ ~han fen (10I dayt io adwnc~ of ~M •xptrae~«+ o~ each policy, to da '
IivN ~o ~aid MORTGAGEE a r~new~l ~F+aw(, ~o9e~hN with • r~ce~pl (or tl?s p~~mium of avch r~ne.vd; and tMr~ sMll b~ no f~r~ a windstwm insur+nc~ ' .
plac~d on ~ny of s~id build~~pi. any intereat thsre~n a part thereo/, u~le:s in rh~ fam ~nd with ~M loss payaDl~ a~ afa~s~~dr +nd in ?M •v~nt any sum
ot ma?ey becomes payable unde~ wch policy or poLciss seid MORiGAGEE ~hall Mv~ tM opt~a? w receive and ~pply 1M s+m~ o~ accounl of tM inclebfed~
ntst ucured h~veby a ro pe~mit said MORTGAGORS to receiv~ and u~ it a eny psrt thereof lor othe~ purposes, wifhcur thr•eo~ waivi.ig o~ ~mpair-
inp any pu~ty, lien or righr unde+ or by virtw of this mo:tgag~; and in tM ~ve~t ~s~d MORTGAGORS ~hall ta ~ny r~awn f~il lo ka~p th~ s~id premi~es so
Inw?ed, p fail b del~ve~ {xomplly ~~y of iaid pol~ciet ol i~sur~nc~ to s~id MORiGAGEE, or fail p+omptly to p~y fully ~ny premium there}w w in any ~
r~spect I~il ro pMfo.m, d~xharge, execuro, efled, compt~~s, comply wirh and abide by this covenan~, a any pa.t hereof, u~d MORiGAGEE may pl~ce ~nd ~
paY la wch insu~anc~ a ~~y part fhe.eof wi~Aout w~ivinq or ~ifectiny ~ny option. lien. equity, or right undsr w by virtw oF ~his Mat9ag~. and the t. ;
fuU amo~nt of each ~nd ~wry such paym~n~ st~alt bs immediately dw and p+yabte ~nd ~hall bea~ inrereit from tM dah thersoi until p~id ~t the rat~ ot ~
nir~e per tentum per annu~n ~nd to~rther wi~h such iroereal ~hall be secured by 1M IiM oi Ihi~ mwty~y~. -
1. To p~rmit, commit or su((e~ no wasts, impai~meM p deterioration ot s~id ptope~ty a u~y p~rt thereof. ~
S. To pay all and sinyular ~he cox~s, cMrges and eapensei, ~ncludinq a rz~sonable ~uwney's fee a~+d ws~~ of aburacts of titl~, Incvrr~d or p~~d at
sny nme by ia~d MORTGAGfE, becauu a in ~he even~ of ~h~ 4a~lure on ~he p~r~ o( ~he iaid MORTGAGOR w duly, promprly ind fvlly ptriorm, d~xhsry~,
execure, elfect, complere, comply wnh and ~b:de by e+th and every the stipula~~o~s, agreemema, co~diiio~s, +nd tovei+anb o1 ia~d promissory not~ ~~d ~hi~
mort9a9e ~ny q e~ther, and sa~d costs. chargcs and eapenses, each and ~very. ~hdl be immedi~tely due and pay~bl~; whether w not then be notke d~
m~nd, attempt to colkct or sutt pend~n9; a~d the full amount of sach ~nd every such paymem sMll bear intero~f frpn tM dat~ thereol v~til p~id at Ihe
~ate oi nine per centum per sm~um; a~w' all sa~d tosrs, charges and eapenses ]ncurred w paid, together w~~h ~uch intenit, ~MII be s~cured by th~ lien oi 1h~i
mortppe,
6. That (a~ in the sve~t of a~y Mcaci+ of th~s Matgaye or deiaull on fh~ parf of ths MORTGAGOR, w(b) in the ~vent ~ny o} said tums of monsy
herein reicrred to be no1 premp~ly and fully paid within ~h~rty (30) days ne,c1 after ths same seve.ally become due ~nd payable, withovt demsnd o~ notice,
o~ in the evenf cach ~od every the itipulations, agreement~, cond~~ions and coven~nts of sa~d promiswry note and th~s mwtpape ~ny u either are ~wt
~vly, p~omptly and fuUy perfwmed, d~icharged, executed, eifected, comp:eted, compl~ed with and sbidcd Sy, then in ei~her w any such ~wnt Ihe s~id a~
pregate tum men~ioned in said promisswy noee then remsining unpaid, with inierest att~ued, and afl mo~eyt secured hereby, ~hali become dw and pay-
able for~hwith, or thereafre., at rhe optan of ta~d MORTGAGEE, as tully and compl~tely as it a11 of rhe said sums of mor?ey were otlginally it~pulafed
to be pa~d on avch day, anything in sa:d prom~ssory note or in thi~ Mort9age to the contnry notw~ths~andinp; and thereupon or thereafter st ~he oprion ot
said MORTGAGEE, w~thout ~or~ce or demand, suit at law w in equity, theretwe a thereafter begun, may be p~osecuted a~ if all monsyt ~atv~~d hereby
had matwed pnor ~o its instiw~ion.
7. TM~ in ths event that et ~he beginn~ng of or af any fime pending any su:t upo~ this Mortgsga, or to fweclose it, w to reform it, a to enfwte
paymem of any claims he.evnda, zaid AhORTGAGEE shall appty ro rhe Cour~ having jurisd~cuon rhercof (w ths appo;ntment of a Raeiver, sucb Cou.t shsN
fwthwifh appoint a reteiver of said mortgaged property all snd singvlar, includ~ng aIl and sinqu~a~ the income, prohts, issuei ~nd reveo~es irom whatever
source derivcd, each ~nd evtry of which, it bcirg expreuly undentoOd, is hereby mortgaged as if speufiully set fOrth and destrib~d in the 9.anrinp and
habendum clsuses hereof, snd such Receiver shall have a!! the broad and eftective funct~on~ and powers in anywis~ tntruated by • Co~rt to a Receiver, •nd
auch ~ppointmen~ shall be made by such Court as •n adm~~ted equity and a matter oi absolute r~ght to said N~ORTGACaEE. ~r?d without re(ercnce to the
adequacy or inadequacy of ~he wtue o( ~he p.openy morty~ged or to the wwency or iniotvency of said MORiGAGOR p the defendanti, and that such
renr~, prof;n, income, iuues and re~e.+ues sMll be apps~ed by such Receirer accordmy to th~ lien o~ equity of sa~d MORTGAGEE and the prac~iu of such
Court.
8. To dufy, promptly and fully pcrform, d~scharge, exccu~e, e~fect, comple~e, comply wi~h and ~bide br each ~nd every ~M stipulatio~s, ayreement~,
cond7r'ans +nd covenanta in sa~d prom+ssory note snd this mortgsge ut fwth.
9. Thaf in the event the ownership of Ihe mwtgayed 'premises, a any part thereof, 6ecomes vested i~ a penon other tMn tF~e MORTGAGpR, 1F+~
MORTGAGEE, its succe~sas and assigns, may, w~ihout no~ice to the MORTGAOR, deal wi~h such successor a successor in interest wi~h reference to rha
mortgage and the debr he.eby setured in the same manner as witl~ Mortgsgor w~thout in any way viriating p dixharginy the Nbrtyagott• liability Fkre~
undrr w vpon the dcb~ hereby secured. No ~+le of tt» premixs hereby mwtyaged and no Iwbearsnce on tM p~n of ~he MORiGAGEE w its successw~
or ass~gns and no extcns~on of ~he time fw the payment of the deb~ hereby secured given by the MORTGAGEf or it~ succeuon w assipns, shall operaq
lo re~ease, d~schsrye, modify change a affect the u~g~nal liab~lity of ~he MORiGAGOR he.e~n, eithe~ in whole a in part.
10. It is spec;fically ag.ced shat time is of the essence of this ca»racr and tMt ~o w~ive? of aey obK9at~on Mreunde~ or of ths obl'g~tan se-
cured hereby shali a~ any time thereafter be held to be ~ waiver of ths terma hereof w of tFr instrwnsnt sewred herby.
11. In edd~t~on to the fwego:ng monthty payme~ts of princ'pal and 7nterest re~v~.ed by the prom;ssory noie aecured hereby, mortgagor coverunts
and agrees to pay ro mortgagee w~th each morthly payment an add~i~o~sl sum esf~n,ated by morrgagee to be equal to 1/12 of the snnval cost of the follow-
iny:
A-All rcai properry laaes lev~ed or assessed agaiost the above described real estate.
6-Premiums o~ fire and w+ndsro~m insura~ce as he~ein reqv;red to be ca~ried on the improveme~ts sitvate on the above desuibed p~emises.
C-Pre~niums on such mortgaye gu~~anty insursnce as mortga9ee ah~ll from t~me to time dcem fit to carry ~ the ban secured hereby.
Mortg~gee shaN from time to time not~fy rteortgagor ;n wr;tiog of tF~e amount due and payabk herevnde? and such sum shall therwpon be due and
Fayable on the due date of the next month:~r payment and each suttessire month thcreafter ur.til mprtgagee shsll ~otify mor(gayer of a change in such.
amount. Such sums sFall be applied by mortgagee toward the payment of real property taxes, insurance prcm:ums, ~nd mortgage guaranty insurance
premiums. ,
IN Y/ITNf55 WHER£OF, the sa~d MORTGAGOR has he~eunta xt his hand ~nd xal the day and yeu first afpresaid.
fgned, Sealed ar.d de 'ver in the presence of:
~ ~ ~+i, M e ~
I~
tT~ T ' ~ s~.n
_ ,'Q~RiK ,titR~ •Ct11lR
R~C4RD'a?EP•iF ~-0w...--~- ~
n
STATE OF FLORIdA ir11 3~ I` ~ U~H
St Lucie ~
I COUNTY OF ~
I
I Befpe rrx peawnaAy appeared JOhri S. M~ller ~ I II
Jetrily~,~y~~Miller his wiie, to me well krawn and known to me to be
' the individvab described in and who executpd the fuegoing i~:trumeM, ~nd acknowledyed before me that they executed the same fo~ tha pwpwe~
~t,~«~~ ~:p.h~d. a~a ~t,e a~ ~jerrilvn Ja1t~~ Miller
.T`Onn es. M~ller, 'TII-
't wife of the said upon ? separate ~nd priwt~
examination by me taken separate and apzrt from her said hvsband, acknowkdged 1o and before me that the exetuted said irotrument freely and volun~
' tarify and wfthout any compulsan, constraint, apprehens~on, or fear of o~ from her iaid h band.
!
WtTNESS my hand and offici~t seal th~: ~ day of QA~ p. ~9?~
o l~ ,
Notary PubtK in ~r.d for the Sr of Flaida ~t la~p~
My Comrn~siwn exp~res: ~?Li9LlSL 30 ~ ~8p
Return To:
First Fedenl Sarings 3 loa~ Association 1'~ `
r .
Of Fort P:erce. ' ' *
~ ,
Fort Vierce, florida .
- ~ • . , , .
This Instrument P~epared By~ r F. B114lood ~
First Federal Savings 8~ loan Associa~oX
of Fort Pierte~ Florida gC~~~ ~ 8~ ~
Checked 8y
~