HomeMy WebLinkAbout0104 To plan and con~irwwusly kNp on tM buitdinps now a he~Nf~M aitva~ on ~aid Iand and on all cquipmen~ uid pK~a?ally covw~d by ~hN rewnp~
~p~. w~th all p~mivnu tF?Kwn pa~d ie ivll. t~r~ inwr~nu N+ tM wwl uardwd potky fpm, in ~ ~wn ~ppov~d by tM MORtGAGEE. ~nd wir+dirorm
Imwanc~ In tM v~wl ~t~ndard policy tam. in • wn+ approwd by ~M MORTOAGEE, fh wch oomp~ny w tompanies N th~ MORiGAGEE nwy
~ dir~ctt and ~11 fk~ and windi?wm iniwu~cs pO1itN{ on aer of t+id bu?Winp~„ ~y MNr~~~ tl~~ie w put IMnof. In th~ apQ~pa~s ~wn ~fa~said a ~
In ~a~ thr.~o/, ihal! con~.ln rh~ uswl n~ndKd maqapN chua w sud? othe. clwH a M~ Ma~y+pN may rputr~, n?~tinp tM bu vnd~r Nid po1i~
r dM, s+ch and ~wry. P+Y~bt~ w aid MORTG/1GEE a in 1n~KSu may app~u. and ~ach ind ~y tutb poltcy aMll b~ p?on+ptly ~tf:9n~d Md d~livasd b ,
any MW by s~ld MORfGAGEE ~s furthK ucv.ity to ~afd monp+p~ d~M. u~d, not tat thae t~n pC) day~ In ~d,rana of tM ~xptr~tion of e~ch policy. 1o d~-
livu b atd MORTGIIGEE • nnewal therwt, roperh~r wlih ~ ren~pt fa ~M pr~mlum of wch r~wal~ ~nd ~h~n ~ll b~ ro f'u~ w windi~am tnw~~nct
plaad on ~ny of aid b~?ild'wgi, u~y ieqnsl tl~sin w pKt tM~eof, unl~ss in 1h~ Mnnl~nd wi16`I!R"loa~ p~yabl~ ~t ~foraald~ and M tM twnt any wm i
~ ot naney b~con,~~ paYabb w+d~+ wch poliq or polKks sad IWORTGI?GfE sha~! haw th~ option w~~c~iw ~nd apply tM sam~ an aaoum ol tM in~Mbt~d i
mss wcund Iwnby a a pe~mit said AAORTGAGORS ro nuiw and w~ i~ or ~ny part ~he?wf la other purposes, wi~hout tAe.eb~ waivin~ a imp~ir- t
_.y, trq ~ny p~ity, li~n w ripM wder w by virfw o1 this ^,atpsy~~ a+d h th~ twnt aid MOR~GIIGORS si?aq tar u?y na~on t~q !o kNp tM said pnrnise~ w ;
tnw.sd, a fa~l w d.~iv.r p~vmp+lr +m? of saW polKl.s oi uawaoc. ro aid MORTCiAGEE. a fait promp~ly ro pay fully •ny pr«++~vm ~haeta a~n any
;rr ?~sp~ct f~il w p~.torny d~sclwp~. ~x~cua, ~if~d. comp~t~. comply. with and abid~ by ~his cov~nu?t. a My put Asr~of. said MORTGAGEE m~y plac~ ~nd
Wr fa wd~ trow.nc. o~ •nr p~r~ Nw.oi witho~rt waivinp or ~ffectirp uh? oWia1. ~1~n. Wuib. a riph~ w~da o~ by virtw of tl?Is Mapap~, a~d tht
t~n a~ow~~ ot .a~n aod .y.?r su~h wr~+~?~ sh.u b. ~?.dNf.h dw «,d p.yw. .od ,h+u b.a. intK~p irom tM d~t~ thar~of until piW ~t tM ra» 01
nin~ pK qntwn pK smwm and fopelhe? with wch int~rat tMll be s~curad by fh~ (iM~ of thit mottpaQ~.
1. To ptnnit, conrnit w wffe~ no wa~te, k~p~i?me~t w det~iw~t;w~ of bid prop~rty or ~ny puf tMr~of.
S. To psy al) and sinpvl~r ths cosn, cMrq~s a+d ~xpsnse~, iacludinp a r~aswwbl~ ~naney's fs~ ~nd ooin of ~batracN of titt~ i~+cw?d w p+id at '
sey tien~ by s~M MORTGAGEE, b~caus~ or in th~ event of tM fsilw! on th~ pan of fh~ s~id JNORTGAGOR 1o dulr. promPtly a~d fully p~rforn~, d'achu~,
~aaeut~. ~tfeu. oon+Pkte eaenply wiTh and by ~asN ~nd every tha itipul~ti0fit aptNmtnlf~, eonditWM. ~nd Oovrewnb Of NM p~amitiOry ewN Md this ~
mon~ .~ryr a ei1hN. and aa~d ca». d,arpa .nd •~cp~nses. each .nd ~ve.y, sM11 b~ hnmedialel~ dw .nd pay~bl•: wlwther a nor the.t br naic~ dr `
ee~+i1, m~mpt to ooll~ct or wit pMdirg: and the IvU anwunl of exh sed vw.y. wch p~ymMt ~hall bear interpt from th~ d+t~ th~reof until p~id ~t tM ~
rate of nine per ce~tum per ~%um; and ~~I said oosts, chupes and expenses incwr~d or paid, to~~fMr with such intK~st. shaN b~ s~cvnd by t!» li~n of tha ~
+~wrrp+p~,
6. TM1 in tM ewm of ~ny bro~ch of th4 lNo?fyap~ a dsfwN on ~M put of th~ MORTGAGOR, or (b) k~ tM went ~ny of saW wms of rao~ey j
hxsin refar~d to b~ not prompdy and fulty paid witNn thirry (3p) daya r»x~ af~er tM s~me av~rally becortk dw snd piyabl~ wi~hou~ danaod o? ooric~. j
o? (d in the ~vtnt exb ~od every ~M itiputstions, .gre~menn, cond~rions a~nd covenants oi si~d promissory eot~ ~nd this morqap~ ~ny a tifAer ~r~ no1 ~
~h. P~~^?P~Y and fvlly ps.fwm~d, d~xMrQed, uecut~d. effacted. compt~fed. comptied with and ~b'wled by, tMt+ in sifiw~ w any sud+ evrm th~ said ap~ ~
pr~b sum mantio~ad in sald promis~o~y no?~ fl?en remainir?p unp~id. with G+re.~st acuued, snd s11 monsys a~cwed hereby. sFatl b~corn~ dw and p~p
~bN forthwith. ot thereafter, at tM option of said MORTGAGEE, as fvlly a~d completely as ii alt of tFK ~aid wms of maNy wer~ oriqin~tly ttipul~ted ~
to be p~~d o~ wch day, anyfhi~g in said prom;sso,y not~ a in this Mwtyape to ths contr~ry ~orw~~hsundinyj and tl~ereupoe a ther~after 1M op~iw~ of
said N10RTGAGEE, withow nofic~ a demand, wit at law a in p~ity, tha~fors a tF?e~eafter brpun, may be prosecvtad ss if all moMyt a~prr~d F~eby 1
Md matured prior to irutitul;on. 4
7. That fn ths" went fhat ~t the beqi~ninp of or ~t sny tim~ pendir+p ~ny suit ~poe this Morfgage. or ro toreclose ie, or to r~fpm lt, w to enfaa ~
paynwnf of srqr daims htrcunder. aid MORTCsAGEE sMll ~ppty to the Covrt hsvinQ jvrKdictioo tlxreof 1or the ~ppointme~t of ~ Receivet. auth Cowt sh~ll
fwthwith ~ppoint a reuiwr of said mortpaped propcrty all ~nd iu~pul~~,•inctud~ng at! and i;nQular ~h~ incom~, p?of:ts, issws and nvenues from whaf~ve~
wwa~ deriveel, each a~d ~very of whKh if bei~p ~~ressly w~derstood, is F~eby morrgaged u if spec;fic~lly set fa~h ~+d desuib~d in tlw pran~inq aod
hab~ndwn tl~u~es herwf, and sucl+ Rece'wer sMll Mw ~ll fhe broad ~nd effecrive funnwns and powers in anyw~se e~?vNSted by a Gourt to ~ RcwivK, a~d
wd? ippointm~nt slull b~ made by such Court u~n admitttd eqv~ty and a m~na of absotu~e r'qM to wid MORTGrICsEE, and withow nf~renc~ to tM
~dtqvacy o~ iMdaQuacy of the vatw of t1+~ p?operty mortg~9ed ot ro the sohrer~cy O~ in3olveKy of uid MORiGAGOR or the deFeodanb, and that such
ren», profits, income, a~,xs and rsvenws ahall b~ applied by such ReceivEr ~ccwdmg to ~hs lien or p~ity Of ssid N10RTGAGEE ad tM prsctic~ of ~uch
Co~f.
8. To dvly, promptly and fully pe?form. dixhsrye, execu~e, efiect, complete, comply wlth ~nd ~bkl~ by sath and ~wty tM sfipulations„ apresmenfs,
co~ditions ar?d coven+~ts in uid promissory note and this mortqage sd for~h.
9. That in the event the awnenhip of the mort9aged prem~ses. or any pa~t tF~ereof. bccomes veshd in a p~non other than ths MOATGAGOR, tM
MORTGAGEE, tb ~ucceswn and au;~ns, may, withou~ no?ice ro the MORTGAOR, deal with such s~a~ssor or succeisor in intupt wifh refa~nce to this
mwtype and the debt hereby ucured-in the sams m~rx~er es with Mwtgagor withovt in ~ny way vitiatirg a dixhupinp tM A6ort9apors' Ilability her~-
undet a upon ~he debl heraby secured. No sste of th~ p?emises hereby moA9sped and rw fwbtarswoe on tM p~rt of tM 1NORTGHGEE w iri successon
or assigns uid no eztens~on of the time for rhe paymenr of r?ee debr hereby secured qivee by tM MORTGAGEE or its succ~uon o~ ass7qrp, fF~all operats
ro nkue, d"r:ch+r~e, modify chanqe or ~ffect tM oriyinal IiabiGry of rhe MORTGAGOR l~erex?, either u? whols or in part. ~
10. h b specif'icafly egreed that time is of the eusnce of f!?b ca?trad ~nd that no wirver of any oblipatp~ hsrevode? a of ths oWipaY~on sa-
wred F~ereby sA+p ~t wy time tAe~eaher M' held to be a wdvei of the ter.n~ hereof w of the instrwnent secvred hsrby.
11. In add,tto.~ to ~he forego:ng momNy p~ymenrt of princ'paF and i~terest'required bp rhe p.omiasory nore securad 1,~, mort
and ag.ces ta pay ro mongsges wifh ~ach montF~tY WY^~~ an sdd~riona! svm 1~ma~ed mor ~Y: D+9a cown~nts
f.s. b9~ ~9e9e~.to be ~qwl to 1/12 of ths anoua! co~t of t1~e follow-
i^9:
A-A!1 rest property taxes kvied a assesud agairut the above described re~l estate.
B-Premiums o~ iire ud windstorm erourince as he+e;n requ~red fo tx ta~ried on ~he ~n~provemenb ~;tvate ori tt+e above desv~bed premises.
C-Premivms on wch morl9age 9wrsnty insursnce ss mortgagee shall from t:me to time deern fit to urry on ths (oan secured hereby.
Mortgape~ sha11 ir4m time to ~tme no~ify mortgagor in writN~g'of tM-a+nwM due ~nd'Wrabl~ hernxwler s~d wch wm :l?sll Merevpon be due ~nd
paY~bk op the du= date of:tF?e nex~ ma?rhtY paYmeM and exl+ sucuuive mon~4~ thereaher vntit nwttqayee s1~l1 nWify mortpa~or of ~ charge in wch
ar»aint. Sud~ wms si,all be applkd by mongayee toward the payment of reaf p?operty taxes, irisurance prem:vms, and mwtgaye ywrsnty inwrence
Premiums.
1 RNESS REOF M id RTGAGOR has herevMO set his hand snd xal the day ~nd year fint aforesaid.
pes~nce of: . ~ ~
a,
* ~OZC~@ . I tl ~ Z s ~
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r n-:n
STAIE OF fLUR1DA -x' ~ r• .
• ~c.-~,
COUNTY OF St . Y.UCle ~ SS. ~~~t`;"~~^~~"4f~'~r
'S1s ~y~~~ ~~r
~ae ~~~,~~r George W. Kaul, Jr . a ain le adult "
to m. wrtt ' 'kiwwn ~ ~
~
tl~e ir?dividwt described in and wlw ~xecuted ths fore9oinp instrun+eot. ~nd ~cknowkdqed before ms that h~ ex !;s'~~ iw thw~ ~
S: , ~
tl+ertin ~p~uad, 7Aii~fii - ' r-'
dRti7fd~yfi~[Ri~ ~
~il~foii7i~7R~ ~biafi~i~7~~G~i~{3~~Zfir?oXvTs~?F7e~~stial~l~f~~~idi66KL ~
~JC~'lCt~~KK70~0Od~00Z1~lNfZ f~so¢tfalC~tiQ! . 'i,` ~'4,~~~,. ~
WITNESS my h~nd and offiual seal th' ~y af ~~i 8 ~
~<<~tt1t1H~~1 •
~ "
Notary Public in ~nd for ths Stat~ of Fiarid~ 1~~y'
My Cornmission ~xpires: `
Return Ta Npt~ ~I~t. SbtE O~ AOfN~i ~~!!9!
Fk,~ Feder~l Savi~gs a~+ n„«~.r~«, ,y C,o~wssio~ E~cpires Dec, 13, 1980
or Fon P;~rc~. ~C.. R. a c.~.~,? c..wa
Wrt Pierce. Flwida
This Instrument Pre red B - ~~O
Pa Y R. B. Poindexter
First Federat Savings b loan Association
of Fort Pierce ,~lorida f pA1101! COROEp ~
.i~~ltC~E ~n fu?. I .
Chedced By ' - Rpc~a roft~us ~
~l~Jtl~ C~RCuIT LOttItT
~ECOrto r~R~r~EO
. . ~ . Ptf~ ~Vg PACE , FE~ ~a 2 S8 PM'
~ ~