HomeMy WebLinkAbout0295 3. 1o ptece •nd con~~nvously ieep on ~he 6~~~d~ngi nuw w hereafes~ ~i~wt~ on siid I~nd u+d on aR e~~~pmem ~nd p~.wn~11y cov~r~d bY ~h~s ~na~p~
~g~. with •1) premi~r:~s thr~eon pa J~n lull, fire i~~~;,~a~.ce ;n the uwal ~rarclard politY form. in a wm a~.p~orfd hy ~h~ MORiCiAGEE. •~d w~ndtto~m
~mur~nce in iM uswl s+anda~d pol:ty lwm, in s wm app~oved by ~M MORTGAGfE, ~a ~trth cdnp~ny o~ canp~mcf ~M MORiGAGEE m~y
dnec~; ~nd all fir~ •nd wind?~orm insuronce po~~cle~ on any of iud Duiid~n~t. ~ny Inf~~~sl therfin O~ part thr~eof, in IM pgrep~t~ wm ~Ipewid or
in sxcdf Ihe.eof, ~MO contain ths uiual tita~dard enorlg.agee c1aw~ w such o~F~ ctaua ~f 1M Mw~9~ye~ may req~~~~. ma?inp IM lo» unde~ s•~d poli~
c~es, each •nd every, paYab'e to ss~d MORiGAGEE as ~rs ~~~erril may appear, ~nd e~ch •nd every such pol~cy ~hall b~ promptly ~~s y.~sd ~~d dNiver~d to
~ny haW by said MORiGAGEE a(urthe~ sec~rity ~o said mor~gay~ debt, and, not le~s th~n ~en (10) d~Y~ i~ sdvarxe o~ ~M exp~~~~~or? of e~ch poGty, to de
I~ver to sald MORTGAGEE + rtne+val theraoi, to9e~her with a rete~p~ }a Ihe prem~um o1 wch ~ener~sl; •nd thar• shall be no I~re or w~nds~orm in~w~nc~
placed on any ol sa~d buildmg?. ~n~ interes~ Ihere~n a p~it thereof, un~ess in tht form ~nd w~~h tM loa pay~b~e at alora~~id: ~nd in iM •vent any •um
of moaey bctocnes p~yable uockr s~ch policy o~ poLc~e? sa~d MOR(GAGEE shjll h~ve ~ha ophon to reteive and appty tM sa~ne on ~tcouM of tM ind~bted~
ness secu~ed he~eby d/o pcrmil ~aid MORTGAGORS lo rete~ve and ut~ it p eny pa~t Ih.~co1 for otnrr HurF~oses, v.~~Fr~l Ihr~~oi +var.~~~g G~ ~~~pMr-
~~y any pu~ty, lien a right under or by virwe of ~hi~ morr~age; and in ~hs wen~ ~s~d MORTGAGORS sMll iw ~~y ?eawn 1ai1 ro keep tM said pr~mi~H s0 '
~nsured, a I~il to de~~ver promptly any of se~d poiKles ol ini~ranc~ to s~~d MORiGAGEE, o~ (ai1 promp~ly to p+y fu11y any p~e~mum the~elw w~~ +~Y
rospect (sil to pe~Form, d~schuge, exccute, e~fact, co..~pla~e, camply with snd ab~d~ by tht~ coven~nt, w~eY pe~t hi~soi, ~eid MGRivAGEE m~y pIK~ a~d ,
pey fw such insurance oi ~ny parl Ihereof wi~hovl woiving w~f(ectinq any oplion, lien, eqvity, or ripht unde~ a by vir~w of lhis Mwtqaq~. ~nd tht
f~U ~moum of e~ch and evs~y w<h paymem shall tx im.med~~tely due and payable and ~hafl bear interes~ from tFw d~t~ Ihereo( until pa~d ~h~ r~t~ ol
n~ne p~r ce~tum pe~ annu~n end to~rther w~th tuch ~nterQft fheii tx s~~wred by the li~n o1 this morly+ge.
To p~rmit, tommif or su(fer no w~~ts, impairment o~ deter~or~tion oi said property w any pa?1 thereol•
S. 1o pay all +nd sinyula? 1ha costs, charges and e:penus, ~nclud~ng e?eaaonsbls at?orney's fee and to~tt of abstratts oI tiNe, incurred or pa~d ~t
a~y time by sa~d MORIGAGEE, bccavse er in thc eveN oi the fa~lwe on the part of tM said MORTGAGOR to duly, promptty ~nd fully psrforn+. d~xMrg~.
e.ecute. e(fec~. comple~e, comply w~~h and ab:de by each ~nd every the ~tip~rl~trons. ~greement~. ca+d~~iona. ~ed covenants o( uid promi~»ry note and th~~
.r.ortyaps any or e~~her, and ss d coits, chaiges ~nd rxFrnses, cach and eve~y, sMll be immrd~stely due snd paysble; whNher w not there be notice d~
mand, atlempl Io co~lect w wit pend:ng; end the full amount of esth and every such payment ~MII bea~ ~Merest from the dat~ tAereol until paid at tht
~.~te o~ ~une per crntu~n E,e~ ers~~u:n; and aii aa~d ccs~s, charyes a~~J r~prnses incvrrrd o~ paid, togeiher w•th such ~nteres~, shall be ~etured by ths liso of thb
mortgaye.
6. That (a) in the event of any breach of this Mortgage or detau~t e:. ~he part of the MORTGAGOR, or (b? in tM svent ~ny of sa7d wm~ of ma?ty
hcrein referred to be not pranpdy and fully pa~d w~t!~in ~h~rty (30) daya ne?t af~er the seme uve.stly becans due and paysWe, wi~hou~ demand o~ no~~ce.
er .;c) in the event each end every ~he slipuiatioM, agrrememf, cond~:~o+~s and covenanrs of sa d p~o~niswry note and th~s mortgs9e ~oy o~ e~ther a~e no1
~~+y, p~omptly and f~lly pe~formed, d~xnarged, eaecuted. efEccted, tompleted, compi~ed wiM and ab~ded 5y, then in e~ther w•ny such ~vant the sa~d ag
~~egate sum mentwned in s~~d promissory nore thrn rcma~ning ~npa~d, with intereat acaued, and sil moneys aecu~ed hereby, sFuH bctome due ~nd paY
ab:e fwlhwith, or therea}~er, a~ the opt~on ol sa~d MORiGAGEE, ai fully ar.d compietely as if all of the fa~d sums of money were a~ginally snp~l~ted
ro be Qw~d on auch day, any~A~ng in sa.d p~om;sso~y oore or in th~a Mwfgage to the comra~y notw+thstend~ng; end ~hereupon or thereaftsr a~ tM op~~on of
sa:d MORTGAGEE, wirhoW not~ce or demand, w~t at law w in eq~~ty, the~afore or thereaiter begun, may be prosecuted as i1 ~11 moneys ~ecured hereby
n~d matured pr~w ~o ns insr~wnon.
7. Thaf i~ the eva~r ~hat et the beginnirg of or at any Iime pending any suit upon this Mat9age, w to faectose i1, or to refwm if, o~ to en(orc~
payment o) •ny daima hercunder, ssid MORTGAGEE shall apply to the Cou~~ haring ~u~~sd~ct~on thereoi for the appo~~trt+en! oi • Receiver, tuch Coun sha?1
forrhwith appo~~t a rece~ver of seid mor?gaged property aIl end singutar, includ.~~g al! and s~ngulsr fhe ~ncom~, prohb, issws +nd revenues from whatever
seu~ce de~rved, each ~nd every of wh~ch, n be~ng eapressly undenrood, is hereby mor~gaged as ~f speufic+Ity set (w1h and desuibed in the y?anring ~nd
habendum clsvses hereof, and such Rece~ver shall have eil the b~ord and rffect~~e funct.ons and powers in anywise enttvsteJ by • Cour~ f0 a Rcceiver, snd
~~ch appoEntment shilt be made by svch Cou~t as an admifted rqu~ry a~d a rna~ter of abso~we t:ghf to sa~d MORTGAGEE, and withouf reference to the
edeyuxy w inadrqwc~ of the value of the propcrry mwtgaged or to the so:vency or ~nsolvency of s~~d MORTGAGOR d Ihe detend~ms, a~+d ~hat such
re~~s, prolits, income, issues and revenoes shail be appiied by such Recei+er accord~ng ~o the lien w equity of said MORTGAGEE aod the prxtice of such
Court.
8. To duty, prompNy and fully perfwm, discharge, eaec~te, effcct, comptete, co~npSy w~rh and abide by each and every !he stipulations, sgreemenls,
cor.ditions and covenann ~n sa+d promifsay note and th~s mortgage srt forth.
9. That in the event the owncr:hip o( the mortgagcd pren,ises, a any part thertof, becomes vested in • perwn othe~ than the MORTGAGOR, the
.•ORTGAGEE, its s~cce:sws anl~ dsi~y.^.I, ~^+y, w~:ho~T r.o!~ce to th!~ MORTGAOR. deal with s~ch successw a successw in ~nteresf wi~h reference to th~s i
o~~gage ar.d the drbi hereby secwed in the aame menne~ as w~:h tdortgagor wnhovt in any way vit~ating o~ d~scharging the Mortgagori liability herr +
~nder or upon the debt he~eby secured. No sa;e o( tF.e ~:rem~s~s hereby mo.tgaged •rd no forbearance on the part of the ?AORTGAGEE a its awcessws
o~ ass~gna and no exrenaion o! '~e nr»e ior :he payment of the deb~ hereby secu~ed given by the IhORTGAGEE or its s~ccessor~ w ass~gni, shall operate
ro release, dacherge, modify change or al(ecf Ihe orig~nal iiau.i~~y of the MORiGAGOR herein, •ither in whole or in part.
10. It is spec~f~cal~y agreed that lime is of the e~x~ce of thts controct and ~hat no waiver of any obl~ga~~on hereundcr w of the obtiy~tion se- -
c~red hereby thali at any tim.e thereaftm be heid to be a wa~ver of the terms hereoi a o1 the instrument secured herby.
I1. In add.t~o~ to the forego.~zg month'y paym~n~s of pri.^.c pai and interest requ~red by the p*om~ssory note secured hereb~, mwtgagor covenants
d agrces to pay to niortgagee with each rron~hly pa~r.~rnt an add~«onsl wm est•~+ated by mortgagee to be equal to 1; 12 of the am,ual tost of the fotlow-
n.~'
A-AI{ real property ~aars ~ened o+ assees_•d aga~•:sr ~hc above descr~btd rea~ estate.
B-Premiurm On (ire and w~ndito-rn ir.s~.,rar ce o. i+rre~r. reqv.red ro be ca~~~rd en rhe :mp~oveme~ts srtua~e on the above d-scribed premiaes. _
C- Prerr.iun~a o^ .uch r.:~u~~g.: ^yva~ar:ly ~:•sura~.c¢ as r..c-tgayee sha~! fra:n : me ta tim.~ deem fit to tarry o~ the ban secured hereby. -
Mortgagee sha'! !rom ume to t:~.,e no+~fr mcrrgago~ In w~~t;ng of the amou~t due and payable hereundrr and wch sum shall the~eupon be due and
' :~;able on the dve date of rhe near month;y ~ayment and each successive month the.eafter until mortgagee shall notify mortgagor of a change in such
ovnt. Such suma s~a:+ x appi~ed by mortgagee :v«a.o cne psymem ot rea~ p~operty raxes, ~nsorante prem.ums, a+w mong~ge g~e~.rtty msurance
, i:~~~iUms.
IN Y~ITNE55 `:1HEREOF, the said MORTGAGOR has hereu~to se! h~s hand and seal the day and y sr first afore d.
I Signed, Seal..d and delivered in the presence of:
~ ~ - FILEO AND RECORDED Se,p
ST.IUC?E COUNtY FLA. en=Y =o ez ~~~n
4 - - ROCEa P3fiRAS
~ - - - CIERK CIRCUIS COURT • ES~aq
! Rf~0~0 vERIF1E0 z la c o
p - ~ - (Seaq
i
~ S~ATE OF FIORIDA Mr.p I'1 ~J 43
~ ~~~Nn oF St. _.~u~~e , 360019
@efore rne ~rner3!!y a~~ra~r! _ F~P„t~/ SchzQder ~„d
~ Virqinia SC~IZOCjeZ his wife, to me well known and known to me to b~
! the individwts desv~bed in and who executed the foregoiny instrumenL ~nd acknowtedged be~ore me that they eaecuted the same for the purposas
~ rF.ere~n expre~sed. And the sa~d_ _ Vlf~ IIld Schtoder
~ ~.~fe of the said ---------._~4.I]LSf Sehroder oPo~, a separ~te and priv~t~
~.aminat~on by me ta4en separate and apart lrom her said h~sband, acknowledged to and before rrN that ahe exetuted said i~strument freely and vo~un-
~ taniy and withwt any comp~ls'wn, constrdint, apprehensp~on, 9r fear of or from her said husbend.
` WITNESS my hand and offic~el seal this_- ~_fL_.~'
~ ..r day of Narch p. D. 19 77
n
Plofary Public in ~d the t~te of Florida ~t lsrye
i My Gommission eapires:
€ Return To:
M~iory lubllt. Slah o1 Florido o! lnrg~
` Firsf federa) Savings 8 loan Asscciat~on
j Of ~ort P erce Mr C~wuw':ron Expires Jv:r !;~7
~ a0+?ded by Anurican firr d C_ ,u;.~'y Co.
~ fart P~~rce, f,or~Ja
_ .....aa....~
, . >
~ This Insirument Prepared By Rober t J. ~an s~ Jt . , .
' First Federai Savings 8 loan Association
~ - _ - .
~ of Fort Pierce, Florida
~ Checked By _ ' - -=--1 P,1[,E ~VtJ ! . -
~ - . `
; - ~
~ _ sh