HomeMy WebLinkAbout0737 To ptx~ and continuoutly k~ep on th~ b~ildtnps ~ow a Iw~aftN Wtwh oc~ said land ~nd on ~II equipm~nl ~nd p~rwnally cova~d by thb n?or1p~
~p~, with ~II pr*mhims ~hK~on pa;d in full, (ire I~surann in ~M uwal ua+dud polity fwn?, In ~~~m approved by tM MORTGAGEE. ~nd winihtam
iruwanc~ M th~ wwl s~arwJ~.d pol~cy (am. in ~ wm app~owd by tM MWtTGAGEE. in wch canpanY a eompanip p ~M MORTGAGEE may
~~t ~~d ~II tk~ ~nd wiewl~ro.m irovruw p~licMa on any of f~1d bVlWift~f~ My Iflf~fyl fI1NfM1 Ot pMf IINIWf, in tM ~p.paa swn ~fa~saW ar
In ~xcea tMrwf. ~hall contain tM vswl at~~dard ma~yyN da~ or wd~ o?Mr clavsw as tM MortpapN m~y ~puir~, makh~p th~ toss vndN u~d poli~ ~
cih. ~ach a~d w~ry. p~Yabl~ a ~aid MORiGAGEE as in tn~erat may appea~. and ~ac1~ ~nd ~very ~vch policy sMll b~ promptyr ~u:qn~d ~nd deliwr~d ro M~
•nr M1d by sasd MpRTGAGEE a fu.~her ~•curi~ ~o ~aW ~,w.~pa9. d.br. and, nW leu tMn Nn (10) dqn in advanc~ oi the ~zptr~tion of ~ach policy. ro dr
liw? ro iaid MORiGAGEE •~en~w~l thereof. top~~ha with a rec~~pt for ~M p.«nlwn ot wch renswd; and ~Mn shall b~ no fa~ w windi~am Inwnnc~
p1~ad on a~y of aid buildi~p~, ~oy inrer~sl 1Mr~in p part 1Mreof. unle~s in ~M tam a++d wi~h tFw Ios~ p~yabl~ u~ta~iatdJ and in tM ~wnt any wm .f
of nwn~y b~cor,ws payable undK wch pol;cy or po~;c;~s sa;d JNpRTGAGEE :Aall haw th~ option to receiw u~d apply th~ same on ~ccount of tM Indebtad~
n~ss secw~d Iwreby a 1o pKmit wid N1pRTGAGORS to receive and vH it p any part rhereof la othe~ pu?poses, wi~hout tha~eb~ waivi~w~ or ~mpair- -
Inp any eqvity, ti~n o? right w+ds~ or by vT~t,~ of rAis nw?tya9eJ ~nd M tM w~nf ~aid MORTGIIGORS sha0 ta ~n~r nason f~Il fo k~ep ~M s~id pnmisss w 2~
inw?ed, w f~ll w d~livN p.wnptly ~ny of aid policia o( inwtanc~ to said MORTGAGEE. or fail promptly to pay fufly My p?M1ivT tIflf~fOf a ie u?y
~~~p~ct (~il b pNfam, d7scMrye. ex~cut~, ~tfact, compieq, comply wirh and ~bid~ by this tove~anl, a any put hK~of, iaid MORTGAGEE m+y plac~ ~nd ~a,j
pay for svch tmw~nc~ or ~ny pa.t th~reof wirlwut w+ivinp o~ aff~ctinp aer optio~, I~n, pvity, w~gh~ undw w by virtw ot thii Mor~pap~, ~nd tM 1,~
fvll anauot of ~ach and ewry wch paym~nt sMll bs ~mnxdiat~y dw and pyabh and shalt b~~? interest from tlw daq thKwf until paid tl tM ~~M of
nint per centwn pp annum and togetAer with sucl? inlersst shall h~ tecwed by th~ IiM of this mortp+ye.
1, To pKmN. conwnit w suHe~ no wute, imp~im~cnt a deterioration of said propKty p~ny put tMrwf.
5. to pay all ard stnp~lar the cwn. charpes and expen~e~, includi~p a re~iaubb attwn~y's fee and wsts of absn~ets of titl~, lncvned or p~id a~
any t~ne by said MpRTGAGEE, bec+u~e w in th~ ~vent of tM fsilw~ on the pa~t of ~M uId MORTGAGOR w duly, prompHy ~ed fully pNiorm, d'ncAuyR
•:ecu». ~ff~ct. cw^P~eq. ~+Phi with and ~b+de by ~~ch uid every the stipul~~ions, a~~eemenn, eonditioro. and cown~~b of said promiuwy note and tlw
^+e?tWp~ ~^y or ~;tFK*. end ~+~d cosb. chupes a~d expenses. ~~ch and every, aMll b~ inunediately dw ~nd p~y~bl~: whe~her a not the~~ b~ ~o~ic~ de
mand, anempt to coll~et p wit penddnp; and the full anavnt of each and wery wch paym~nt ihall bea. inrc?~st from tl+~ dat~ th~rwf wuil p~id at th~
rate of niM per ce~tum per uu.um; snd aU sald eosts, chupes and axpen~ incurrsd a paid. top~tha with such interyt, sh~ll b~ s~cvnd bp the lien of this
mwt~p~. . , .
6. Th~t (a) in tM event of any breach of this Mo?t~ags or default on th~ pan of ths MORTGAGOR, o? (b) ie the ~wnt My of w7d swas of nwney
hereio nfKr~d to b~ not ptomp?ty and fvtly paid within thirty (301 days next afre~ IM iame ~everally becoms dus and piyaW~. witho~l demand a notic~,
w(~ in th~ ewnt Qach and ~rery tli~ stipvtstio~s, agr~emenn, cond~e~w,s u~d cown~~n of sa~d promisswy naa and th:s mortpay~ any p ~i~he~ are nol
iuly, p~omptly and fvlly performed, discharged, executed, effected, compl~ted, complied with and abided ~y, tM~ in ~itM~ or any s~ch ~wnt tM taid ag
prc9at~ wm mentioned In ya;d prpnissory not~ theo ~emaininp unpaid, with inferest scuued, end all moneys tacured hherrtbr. aMll b~cwn~ du~ a~d p~y-
abk fonhwith, w thereaher, vt the op~an of said N10RTGAGEE, ai ivlly ~nd completely as ii atl of the said wms of morwy we~~ o~ipin~lly st~putated
ro be paid on such day. anything in said prom~ssory noro « in Ihis JNortpa9e to the contrary notwithsta~dinp; a~id there~pon or thereaher st tM option of
ssid IYIORTGAGEE, without notiu w dem~nd, wit at law w in equity, 1FINlfOfQ OI tIllfNltN be~~n, may be prosecvted as if all maieys s~wred hereby
had mahxed prwr to ih i~s?itution. _
7. That in the eve~t t!?at at the beginning of w at any tims pe~ding ~ny svit ~pon thb Ntatpap~, a fo fwedos~ M, q to nfwm it, w to enforp
PaY~~ of +~Y claims herwnder, said MORTGAGEE shall ~pply to the Court having jwisdKtion ttxreof for tM appointment of a Receiver, such Cax1 sh~tl
forthwith ~pFw~nt a nceive? of said rtqrty~9ad property all and singulu, inctud~ng all and ungubr-the incoms, proiits, iswes and r~veewes from what~ver
wurce derived, each ~nd wery of which, it bein~ expressly urwkrs~ood, a hereby mortyaged ss if specifiully stt forth and described in the prantinp and
habenduee clurses hereof, and t~ch Rcceiver shall have all ~he broad and ef(ective fund~ons and powen in ~ywiss entrusted by ~ Courl to s Receiver, and
wch appointment shall be mad~ by wch Courf as an ~dmitted equ~ty and ~ mstter oi absdute riyht to s~id MORTCsAGEE. and wiihout reierenoe ro the
edequscy or insdeqwcy of the wlire of the prope.ty mortga9ed or to the towency a insotvency o( said MORTGAGOR or the defendanq, and that such
renrs, profits, income, issues and revenues shall be appliad by such Receiver according to ~he lien or equity of said MORTGAGEE and the practice of such
CovA. -
S. To duly, p~omptly and fully perfwm, dixharge, execute. effect, complete, comply with and abide by each and every the stipulatans, agreernents,
conditions and covensnts in said promissory ~ote and this mortgage xt fath.
, 9. That i~ the event the ownersh~p of the mortgs9ed prem~ses, or any part thereof, becomes vested in a person other than the MORTGAGOR. the
MORTGAGEE, its successort and assgns, may, without not;ce to the MORTGAOR, deal with such succeuw w wccessor in interpt with reference to this
morfgage ~nd the debt hercby sec~red in the same manner as with Mortg~gor w~thout in any way vitiatirg a discharging the Mort~agors' liability hera
undcr or ~pon the de4f•hereby secvred. PIo sele of 1he ~emises•hereby rnwtg~g~d and no forbearanu on the part of ths MORTGAGEE or ib wccesson
or •uigm ~nd no exran;~on of rhe. time for rhe payment of the deb~ hereby sec~red given bp ~he MORTGAGEE w iq rucasson a ass~yns, ahall operate
to release, dixharye, iriodify thange a affect the wi9inal liability of the MORfGAGOR hlrein; eithlr in whok a in part:
10. It is specifiicalty agreed that time is of the euence ~ of tha contract ~nd that no waiver~ of ~ny ~g~t,~
' cu?ed i?ereby sh~u at ~ny ~ime thereafter be held ro be a waiver of the ferms-lweoi a of the instrument-secvred herby:
11. In add~tion to the fwego:ng moroF?IY paymen» of princ'pal ~nd-inreres~ required by the p~omiuory no~e ~ecored heieby, mort9agor covenants
and sgrees to pay to mortgagee with each momhty payr.knt an add~rio~al sum esnmated by mortgagee to be equal to 1/12 of the annual cost of the idlow-
, ing:
A-All reel property taxes levied or asseasad agai~st the above described resl estate. `
S-Premiums on fire and wir~dstorm ~nsurar.ce as herein requ~~ed to be carried o~ the improvements sitvate on the above destribed premises. ~
' • C-Premivms on such mongage guaranty insuran~e as mortgagee shaU from time to time deem fit to csrry on the lo~n secured hereby,
~ Mwgaget shsl! /~an time to time, notify mortgagor ;n writing of the amo~nt due and psy~bk herew~der ~pd suFh wm ~Iw11 N~ereupon be doe and ~
; PaYab~e on the due date of the next monthly earment nnd each sucaessive month thereafter until tno~ty~yeq shall notify mwtpagor of ~ ct?ange in svch
amount. Sucl~ suma shalf be ~ppfied ~y mortgayee toward fhe payrtKM of real property taxes, insurance prem:ums, and mort9aga 9uaranty i~wwnce
premiums.
I IN WITNESS WHEREOF, the said MORTGAGOR haa hereunto set his hand snd sesl the day and year first afuesaid.
i Signsd. Sealed and delivered in the pre ~ce of: cQ~~1 E~ ~4 ~ ~~~irG'~9
~ ~T• ~,ANO ~1l7~ ~1'1''
! / ~OQ~~ Ol~~o Bi• ~~C~lOt~B ~a4
~ RRC41l~ vtl~lt?~1D ~ . n
~ ~ P~rallCes -I~I. l~T n
I J . ~i
1
k STATE OF FLORIDA [ f '2 3 , ~ ~ ~ !Z~Q~1y ~ ..1 ~V . .
~ couNtY oF St. Luci,e #i ~ , ~w~ra7 f - ; ~0 1s1 Sna
- ~._~i
;r_
~ eefore me perwnslly appeared ~Y1U~8 N~C~lOuB = - ~ _ ~ _
and
~ F~ancea . Nicho~?~ ~r~, ~ ~a ~~~gq,b,~ ~ a»
E the individuds described in and who executed the foreyarg a pd
~ie'DO~,s "kdged beroro m. ~h.t d~.,r7~t„n~a ~h. ,1a. iF~ q,.po~
j therein ezpressad. And the sa' 2R~ariee ; ~
; W~re of tt~. ssid Dennia E. Nicholls - ~ .,y ' li~~~ .~a
~ examination by me taken sepante and apart from her said husbsnd, alcnowledged to and befwe ms th~t she exetutsd laid ~~nt free~y and volun.
rarily a~d without any compulsion, constraint, eppreheraion, w fear of or from her pid husb~nd.
I
~ WITNE55 my hand and official seal this ~th d~y o{ Febrn A. D. 19 ~
N uW' in u~d fw the State of Florida ~t Lar~e
Retum To: ~ My Commpsan expiru:
fint Federa) Savings 3 loan Association ~m Ptl~K, Of
Of fon P~erce. ~~~p~~pp ~~j. 30. ~9~7 ~
Fwt Pierce. Fbrida po. ,r e. w,w ~
~ This Instrument Prepared By C82~01 B. 81117'M "
~ First Federal Savings ~ loan Association
~ , of Fort Pierce ~ F1oMda
' Checked By r1 G~- . ~ - - ~ ' ~
`l f r:~ r.~V's ~!!AE -
; ~
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