HomeMy WebLinkAbout0123 To ptan ~nd conNnua,sly kNp on ~h~ bu~'d~~p• now o~ I+~real~sr ~~~wr~ oe s~~d i~nd ~nd on equ~pmem ~nd pNwn~Uy covaed by ~hc~ mw~p~
~p~. w~~l? ~A piem~~m~ ~h~reon pa~d in lull, 1'ua iri~u~an:• ~n ~M uswl f~andsrd poNty lo~m, in • tium app~oY~d b~ tM MORIGAGEE, •nd windiiam
~n+wanc~ In tM uswl ~t~ndnd pol~<y fwm, in •~~m ~ppro+ed by ~he MORTGAGEE, ie~ such compa~y a canpan~N aa t!w MORIGAGEE m~y
d~r~ctj ~rid aU lin •nd wtnJsro~m inwr~.~ce po~.ues a? iny of ~aid bv~id~nps. ~~y ~nq~~~~ dwrem o~ part tMrwl, in th~ py~s9~~~ wm a1or~~~d or
in ~xc~ss ~hereoi, ~h~ll conuin ~he u~w~ ttanda~d matqsp~t d~uti~ w such o~ha c~au~s ~s t!» MarqagN en~y reqvu~, ma?ir,p ~h~ tosi u~da< po1i~
ciss, ~xh ~nd ~vNy, p~yab~~ ro w~d MORTGAGEE ai ~~s in~e~e~~ may ~pp~~i, ~nd e~ch ~nd ~ve,y ~uch poncy ~h~il b~ promp~ly i~~ y~cd ~nd d~iive~ed ~o
~ny i»Id by ~~d MOR~GAGEE a(ur~hs~ sacurity to faid morigag~ debt, and, not lesi tM~ ~en (101 days in +dvance of tl+~ ~¦p'u~rion o1 e~cA pol~cy, ro d?
Gvs~ to ~+id MORTGAGEE • ~~new~l Ihereof. tope~Fwr wi~h i fKHpt fa ~ha pram~um of ~vch r~newat; ~nd rher~ shall be ra t~re or w~~d~~o.m inwranc~
pl~nd on ~ny o! ~a~d bvildinqs. ~oy enlr?esl Ih~rsin w p+~~ ~h~reof, unl~s~ io ~h~ fam ~nd with ~h~ loss paY~bl~ aa •fw~s~~d: and in ~h~ •v~M ~ny sum
of mor»y becp~ny p~y~bl~ under suth policy p pol~cies sa~d MORiGAGEE ~h~ll h~w tM opl~on to ~eteiw and apply ths s+me on ~tco~n~ oi t1w ind~bted-
ness s~cur~d hNeby w?o permit s~id MORiGAGORS ro ~ecaive and ufe it a an~ paa thereof fo~ othcr pu.~ars. v.~~hc~t th-~~o~ wai+~~~g o~ anpe~r-
inp ~ny p~iry, li~n a r~ght w~de~ w by virtw o! th:s mortqpe: ~nd in ~ht ~ven~ sa~d MORTGAGORS sMll ta ~ny r~awn fail to keep ~M u~d prtmi~H w
intured, p fail to deliv~t ptomptly any af said pol~ties of ins~ranc~ to w~d MOR~GAGEE, o~ fail promptty to pay fu1Jy any premivm tAerefp p i~ any
reapect fail to pNlwrq d~schap~, execu+~, effed, compl~te, comply wi~h ~nd abid~ by th~i covenant, or •oy part he~wf, wd MORTGAGEE may placs s~d
P+Y (a such insu~anc~ o~ ~ny pan tMrcoi without walvinQ a•Ilectiop anr opt;on. li~o, pu~~y, w ripht undN a by virtut ol thit Mwrpap~. ~nd tM
(u1t amouot of each a+d ~wry tuch paym~nr sfw11 be ;rrdn~di~tely dw and payibl. ~r~d sMll bear in~erost (rom tM da~~ ~hcreoi un~il paid at ~ht ra~~ 01
niM CMtuT PN annum and to~e~har wi~h iuch intere~t sMU be secwed by the IMn of this mor~yafl~.
4. To permi~, cprrnit p iuffe~ no wast~, impairmen? a det~r~oration of s~~d prop~rty w a~y pa?t IMreof.
S. To psy ~II ~nd ~;nyu1N ~he costs, cM.gcs ard e+epenses, including a re~sor++bte anwney i(ee snd cosn o1 absrrKrt of titts, incur+ed a paid at
any time by ssid MORTGAGEE, becaute a in the even~ of the (a;lure on ~h~ pa~~ 01 the said MORiGAGOR ro du~y, prpnptly ~nd fvlly parfwm, d~uMry~.
e,ecute, el(ect, compter~, co~s+ply wnh and ab:de by sxh and evcry the ~t~pvlatro~s, aq?eemenri, cond~tioro, ~nd covenann of uid prpniiwry note and ~hi~
moctyaqe ~ny w e~ther. ~nd sa~d costti char9es aod aapenses. each ~nd every, thall be immad~ately dw ind payablr, whetM~ o~ not ~her~ be not~ce de
mend. attempf to collect a suit p~ndin~: ~nd fM futt amou~t oi each end every s~ch payme~f ~hall bea. in~errst irom dk date fhsr~pf un~il paid ~t the
r.,re o~ nine per ceotum per an~ium; and all s~id costs, charges snd exFxnses incuned a p~id, togethe~ w~th tuch intereft, shall b~ ~tcured by tM Gen of ~h~~
mOrf~~. ,
" b. Tha~ (i) in the event o( any breach o( ~his Mwtga9a a detault on the part oi ihe MORTGAGOR, w(b) in tM ~ven1 ~~y of satd sums of nansy
herein ~~twr~d w bs not prompHy and Fully pa~d w~thin th~rty l3U) dsya nexi ~i~er tM ~~me saverally bccome due ~nd payabk. without demand a na~ice.
or (c) in the event each and every the •tipulat~~ins, ag~sements, condlt~ons and covenants of sa•d promiswiy ao+e end th~~ moriyaqe any a e~ther a~~ ~ol
iufy, prompdy and fu11y perfo~med, d;uhargrd. eaecuted. etfectcd. complered, compl~ed w~th and ab~ded by. then in e~ther a any such evlnf th~ NNI a¢
gregate wm menrioncd in ~~id promiisay no~e then ~ema~ning unpaid. with ineer~st aczrued, and asl moneya secured hereby, sMll becom~ due ~nd p~y~
able forthwith, w thcrealrer, a/ the opr~on of sa~d MORTGAGEE, as fully and comp!e~ely af it •II of the said sums of mon~~ were o~qinally it~pulated
ro be peid on such day, anyt~ing in ss.d prom~sswy note or in thia Mortgage to ~he convuy nofwrths~a~~d~ny; ~nd rhe+e~pon or thereafter at tM option of
se~d MORiGAGEE, witFwut norice os demand, suit st law ot in equity, ther~fwe ot thc~e+fter begun, may be prosecWed as if •II nqneys setured hsteby
had n4tured prror to ~ts inslitution.
7. ihaf in ?hs evem that at the beginning of p ~t a~y fime pend~ng any su~t upon this AAortgage, a to foreclos~ if, or to reform H, or ro enforc~ `
payrrKnt of ~~y deimf herevntler, faid MORIGAGEE ahell apply ~o the Court having ~~nsd~c~~oe thereol for ~FN appointment of • Receiver, ioch CouN shell !
fo.thwith ~ppoint • rece~ver o} ssid morty~ged p~ope~ty afl ~nd sinyu.a?, inctud~ng atl a~d ~~ngular the incom~, prof~ts, iisues and ~evenves from whatever
source derivcd, each ~nd every of wh~ch, it be~np expre»ty unden~ood. is I+ereby mo~eqaged a~ if apec;l~ully set fa~h and deicribed in the 9rantiny and
habendum dauses hereoi, and such Receive~ shail Mve all the brwd and ef(eaive f~nct~o~s ~nd powe+s in a~ywise eMrv~ted by ~ Court to a Receive~, and
•~th appointrr+ent shall bc made by such Covrt as an admmed equ~ty end s matte~ o~ absolute ~~gh~ to 3aid MORiGAGfE, and wirhout re~erence ro the
adeqwcy w in~dequacy of the vatue o! the prope.ty morfp~yad or to the w~vency o~ mso~~ency oi sa~d MORTGAGOR or the defendsms, and tFu1 such
rents, profin, iocame, is~ues and reven~;es shall be applied by such Qrce~ver accord~ng to the tien w equity of said MORTGAGEE and the practice of such
CouA.
8. To du~y, promptty and fully perfo.m, d~scharge, ezawe, cffecf, co~r~ple~e, co~nply w~~h ~nd ebide by each end every the stiputations, ~gr~emenb, _
condit~ons snd cwenaMS m sa~d promissay note and fh:s mwrgage srt fwth. ~
9. Thet in the event the ownenhip of tFw mwegayed premius. a a+~y part thcrcof, b~comes veated in a pe~wn olher than the MORTGAGOR. the =
+KORTGAGEE, ifs successas and au~g~s, may, w~tiw~r nor~ce ro fhe M~RTGAOR, dea! witb svch successd a successaK i~ interest with refere~ce to this ~
mo•tgsge and the debt hereby secwed in the same rrwnn~t ~s with Nbrtyayw without in any w~y viti~tin9 or d~KMrginy the Mwtgagori liability here- '
unde~ or upon the deb~ hereby secured. No sale of the p~emiua hereby mortgaged •nd no foruarance oo ~h~ part of the MORIGAGEE a it~ aucceswss i
o~ sss~gns and no earensan of the ~ime fw the payrrxnt of the deb~ hereby sec~rcd yiven by tMe MORTGAGEE or iri succesaors a~as~gns, ,1ufl operat~ ~
to releau, d~scMrge, modify change or •ifed the aig.nal liab~t.ty of ~he MORiGAGOR her~~n, either i~ whole u in part. ~
10. It is spec~iKally agreed tha~ time is of the esscnce of this contracf ~nd that no waiver o( any obtiflation hereunde~ w of ihe obliqaYpn se- ~
cured hereby shall a/ any time thereaFrer be held to be • wairer oi the terms Aereoi or of the instrument secured herby.
=3-1. !n add.t~o~ to the lorego:ng monthly paym-nts of princ"pal a~ imereit required by the p+qn;ssory note secured hereby, mortgagor covena~ts
3rd agrees to pay to mortgagee v~~ih each mon+h;y pay*,~ent an addt~onal sum est v.ated by mwtgsgee to be equal to 1,`12 of tEx annual cost of the toliow- ~i
ing:
A-A!t reel p~openy faxas lev~e~' w assess~d aga~~st the above described roat estate.
B-Premiums on f~re snd windstorm ~nsv~arce as here~n requ:red to be carried on the improvements s~tuate on the above described premises.
C-Prem;ums w+ svth mortg~ g~aranty ir.surar.ce ~s mortgagte shai! from t:me to sime deem fit to carry On tht ban sKUred hereby_
Mwtgagec sha+t 'rom rime to t~me nofify mortgagc~ m writ~~g oi tht amouot dve and payable F~e~tundrr ~nd such surn shall thereupoo be due and
; ayable on the due date of the ne:t month:y payment and each successrve momh thereatter ur.til mortgagee shsll notify mortgagor of a change in such
am.ount. Such sums sF.a:l be appi~ed by mo:Ogagee toward the payment of reat property taxes, insurance prem:ums, and mortgage guaranty insunnce 2
premiums. ,
IN WITNESS WHERiOF. the uid MORTGAGOR hss hereunto set his hand and seal the day and ar~ irst afwesa~d.
Si9rnd. Sea{ed and li red in t presence of: ~
e e . en
_ s~,~~
~ ~ z ' cs~.n
• ~ Avis . Wenze , ~s~.q
~ ~
ST.afiE'of ?tCRIOV~: . ~
C~uNTM ~ ~ .
- ' ~ <<~~ ~ ` Eu ene C. Wenzel -
: ~'b~rt~sy~rsle~Hr appeared Avia A. Wenzel
~„1
i his wife. ~o me well known and known to me to bs
th?' i w~~a~~ibed ia and who executed the fw insavmsnt. and ackrwwl
~~g edped befwe me lhat tF?ey executed the aarta for tM purposes
~~.~~r ,ti~ .a- vis A Wenzel
„,;~e t`;,: Eu ene C. Wenzel ~
~ r
.~~~~a
~~-M~
e¦aminat'w~1 vP~ a separat~ ~nd p?iv~t~
by iAe f~ken tepa~ate and apa~t Irom her said hu nd, aticnowledged to snd bef thal ihe executed s+id irotrument freety and volurr
~arily and withouf ~ny compulsion, cansrraint, apprehen~ypn ear of p frwn her saed hu
WRNESS my hand and official seal this_ day of ~a A, D. 19 77
~ c.~-
Notary Pub ' a~d the State of ilerlds ~t larqe
Heturn To: _My Commiai exp •
First Federal Savings b Losn Asfocianon ~~I~f ~~ie G~/l~Q ~
Of forr P erce.
Fart Pierce, florida ~ - ~/"'~/Y~ ~ A~ /G ~
/~Y!~~ r~ ~j, ~pV
This Instrument Prepared By J. Iial RobeYts, JY'.
First Federal Savings b toan Association
of Fort Pierce, Florida FItEO aN0 RECOR9E0 E
ST. LliC1E CO fLA. ~
aoc w~ ~t~ _
Checked By ~1
~ RECpR9 YEAaff
~ C~T -
-a~ ~
_ f*`' "?c~ ~ Ma~ rl 10 ~e AH'1~ ;
i
~ ~
• • _ .S~
s