HomeMy WebLinkAbout0805 To plac~ ~nd contG+vously A~p on tM bu~idinp~ now a Mre~fi~? ~i1w?~ on ai~d i~nd ~nd on ~11 eqviprtw~~ ~nd p~~w~~lly cova~d by thi~ mw~¢
p~, wi~h dl pr~miu~ru tlu~eon pa~d in fu11, lu• insw~r+c~ ~n tM uw~l sr~nda~d potKy lo.m. i~ •~um ~pproved b~ tM MORiGAGEE. ~nd w~nd~roem
in~ww~c~ In ~Iwr ~swl ~~anda.d pd,cy 1orm, In ~ suin appror~d by ~M MORTGAGEE, in ~uch tanpanY u ca^P+n~e~ +f ~h~ JNOR~CsAGEE n~+y .y.
duKtt Md ~Il fb~ ~nd wi~tam io~waec~ po1KiH on sny ol t~id buiW~nOs~ ~ny tnt~r~~t thertin o~ pu! 1Mrqot, M~ tly app~e~~~ wT ~la~d a ~ ~
In ~Ynu therwi. ~MII co~r~i~ ~he usu~l qandud ma~p~yN s1~uN a such o~hN c1avN tM MaroapN m+y nqu~r~, m~Yinp tM loa vnd« s+~d PoIF
c~s. ~ach a~+d rrKy. p~yabN w saM k10RiGAGEE as ~n in~er~st may ap{»++. +nd e~ch and ~very tul~ policy ~t~aN b~ p~omp~1Y +n.~nea a^d d~iiwred ~o
~ny h~~d b~ ~~d MORTGAGEE (v.thN secv~ity ro s~id ma~ysp~ deb1. ~nd, nof I~f~ than Nn (101 d+Y~ in ~dv~nc~ o) tM ~spir~tion oi ~~ch policy. 1o d?
ti.w ~o ~aid MORiGAGEE a renswal ~hs.eof, ~op~tFw~ with • ~~t~ip1 fw ~M pnmium o( tuch n.Kwal; ~nd ~Mr• ~MI! b~ ro f~r~ or wind~ta~n irwtant~ ~
pl~ced on ~n~ of said kwitd~np~. ~ny imer~~1 tt~~~++ a p~r~ tMrw/, unt~u in t!r (am and wi~h iM ~ws p~wbb ~s aia~~~id; ~nd 1~1 IIN ~vMl ~Qy WT
of erarNy becom~s payabte u~der fuch polity a polKit~ ?~~d MORTGAGEE ihall Mw ~h~ op~~on ~o .eceiw snd ~pp1y ~h~ sarrN on ~cco~nl 01 /M ind~bted~ 4
f1tf~ {KW~ ~N/fby W b Plrmil sa~d MORiGAGORS ~o rec~~w and u!~ ~l Of iny pa// thltlO~ ~W O1M:t pW{~O)es, wilhOul lhrrrD/ waivuv~ W~mpii~- ~
inp eny puity, li~n a rtqht unde. a by virtw oi rhis mortyap~r ~d w~nr s~~d MWtTG~G0~3 sh3~~ fa +^Y iafl b kMp tM Nid a~~ a {
~n~u~~d, w I~it to deli~a p.omp~ly ~~y of s~id pol~cies of insuranc~ io s~id MORTGAGEE, a tail promptly to pay fvlly ~ny premwm tM~efw a ie tny ,,.i,+ ?
re~pKt lait b pafam, d~schug~. ~aecut~. •ffK1, cwnptele. tompry with ~nd ~bid~ by eF~~~ cov~nant, a~ny pa~1 Aereo(, ~aid MORTGAGEE m+Y P~+~~ •"d .
paY fa such insurenc~ or +nY p~.t thKOOI w~~houf w~Ivinp w~i(ectin~ any option, li~n. pv~~y. a r~pht ~nde~ a bY virrw o( ~hi~ Mu?paQ~. and 1M . ~
full anaunt of e~ch and eray such paym+ro sMll b~ immediat~l~ dw and paysW~ ~~d ~!?~tl txar tntetest from th~ d~t~ thareof un~i{ p+id ~1 tfi~ ra~ o~
nirw pN ctntum pN annum and to~elher nith suc~ ~ntrre~t ~hali Iie secured by tlw li~n ot thia mort~~p~.
1. To pt~mil, commit ot sufia~ no wa~~~. impairmenl w deq~~oration of ~a~d p?opMty w~nr put the~eof.
S. To pay afl ~nd sinyula ~M cwh. eMrpe~ ~nd expenf~s. inclvdieq ~ rq~onabl~ mo~e»y i fN and eost~ of ~bshaett o! tid~. incun~d w paid N
sny tirrw by ~aid MORiGAGEE, b~cwss w in tM ~wnr of ths tailure on ~h~ p~n of tM said MORTGAGOR ~o du1Y. P~o^`P~~Y fu1~y p~+lorn?, dach+r9~.
execut~. ~if~ct. compls~~, canph w~t6 and ab.d~ by ~ach ~nd ~very tM itipul~tions, pr~emeMS, conditiona, ~nd oowna~n oi s~id promi~wry nW~ ~nd tlw
mortppe any o~ ei?he~, and sa~d cwes, cfiuyes ~f+d ~~pensss, each and ~vc~y, sh~ll b~ immed~atety dw ~nd p~y~bte: whe~her a not tFw~e b~ ~otiu ds ,
mand, ~ttempt to collect a wit pend:np; u~d IFw full ~mount of e~cA and evay ~vch p~yrrwm ~MII bea interes~ trom tM dat~ therwl until paid at tht
rate of nine pcr cen~~m per ~nnurn; aod ail ~a~d co~tt. charyes and tYpenu~ kKVrrad a pa~d. topether wdh suth interpt, slwll b~ sKUred by th~ li~n oi thq
^+at0+p~•
6. That (a) in the we~+t of any bre~cA o1 thh Mwtyy~ a de~avlt on tlr part of tM MORTGAGOR, «(b) M tM w~n1 any of uid swn~ of mon~Y
herain ref~rred to b~ nW pramp~ly ~nd lully p~~d w~thin th~cty (30) d~ys nea~ +St~r th~ •~++k uwralty becan~ dw ~~d p~yabl~, witAout d~~d o~ rw~ic~.
or (c) in Ihe ~vent each and every tM stipu~ations. ~greemems, co~d~twns and covenants o! w:d p~om~ssaY nw~ and th:s mut9pe u+y or sithar ue e?ot
iuty, p~ompHy ~nd f~lly p~rfamed, d~uharped, eaecu~ed, sflec~ed. compieted. com~l:ad wi~h ~nd ~b~ded Sy. tMn in ~~ther or ~^y ~uch ~v+^~ th~ ++'d :
greQ~h wm memion~d in uit! promitsoty nots the~ iemaini~ unpud, witA im~reit udwd, and aN morNr~ sKwad fiereby. sf~+11 betwne dw ~nd p~y~
abte forthwith, or tFxreafte~. N ~he opf.on of ~aid 1~tORTGAGEE, ~s fully ard tomple~ely •s i! +11 oi the u~d f~ms o( rtwney we~e o~g~Mlly tliput~ted ,
~o be paid on such day. anytAiny in sa~d prom~sswy rat~ w in thi~ Nlortpapa ~o ~he conu~ry noiwiihsrand~~p; end ~hsreupon oi thereaftM a1 tM option oi
seid MORTGAGEE. wi~lw~rt nor;ce o~ dem~nd, su~t N law or in ~qv~ty. t?rertfor~ or lheroaNcr beyun, may be prosecuted as if all montya sacutd harsby {
had matwed pnw to ifs ins~itut~on. '
i
7. iMt in ~hs event ihat ~t ~he beg~nning oi a ar sny t~m~ pend~r~g any wrt upon thi~ Morfg+ge, w to fwecloss it, w to refwm h, or to ~n(oru ~
payment ol u~y daima hereur.d~+, u~d ~JIORTGAGEE sha!! apply ro the Co~r~ hav]~ ~u~~sd:ction thercof fo~ ~ht appo~ntmeM of a Reteiv~t, such Cow~ sh+tl ~
fo~thwirA ~ppoin~ a r~ceiv~r o/ s~id mwtyayed propen/ ~II ~nd iingular, includ,ng ell a~~d s~~yvlar the irtcom~. prof~b. i~wes ~nd rw~nues }rom wMt~ve~ ~
source dtrived. ~ach ~nd every o( wh~th, i~ bciny •xprestty u~de~s+ood. is heieby morfgaged as iS spec•fiutly sel fwth and dewibed In tM p?sntinp and `
habendum clausea hNeoL ~nd wch Receive~ shall have •II the broad ~nd eflettive funct.ons ~nd powcrs in anyw~se emrusted by ~ Cov~t to a Receiver, ~nd i
such appoiotmcnt shaU be made by such Cour~ ~i ~n +dm~ncd equ~ty and a m+ttcr oi •bsolu~e N9h~ ta said MORTGAGEE, and w~thout refcreocf to 1M
adeq:r~ty p inadequ~cy of tM vatue oi ~he properry mwry~yed or ro the w~vency o. ~nso~vency o! u~d AAORiGAGOR or the defendants, and that such ~
re~rs. proliti. income, i~~ues and revenuei ~hail be app{~ed b~ ~uch Receivc~ ~cco?d~~w ro ~he lien a equity o1 u~d MORTGAGEE ~nd the pattic~ ot such ~
Cwtl.
8, io duly, promptly and lufly perfo?m, diuhsrqe, eaecute, eFtec~, co+r~plete, compl~ w~th and ab~de by e+ch and ~v~ry tM stipulatio~?~„ agreemaNS,
conditiom and covenants in urd promissory nots and ~h~s mortgage ut (orth.
9. That in the event the ownenhip o1 the mwt9~qe~3 premises, d~ny part thereof, betan~f vested io ~ penon other fhan 1he MORTGAGOR, th~ ~
MORTGAGEE, iis tuccelsors and es~~gns, may, wi~houf rwuc~ to the MORTGE?OR, dcal w~sh such successor w wcchsor ~n ~nterest with reterence to this ~
mortg~e and the debf hcreby secured m the ~ame manner ~s with N1~rtgaga wdhout in sny way viti~tinp a d~Khsrpin~ the Mwt~a9ors' li~bility htrt ~
undcr p upon the deb~ he~eby sec~r~d. No safe oi the ~rem~xs 1+ereby ma~gayed ~nd no iwbe~~a~ce on ~h~ pa~i of the MORiGAGEE a iri suctesso/s ~
or asagn~ a~d no exreniion of !he time ta ~he payment ol the deb~ hereby sccurcd given 6y tAe MORTGAGEE or its avcceasas or auigrq. ?hall optrat~ ~
ro releass, d~icharqe, modify change a atlect the orgmal I~ab~i~ty of fhe MORiGAGOR here~n, either in who?e or ln parf.
10. h is spec~fic~lly agrecd ~hat t~me i~ of the essr+ce ol th~s contrac~ +nd ~h+t no w~i~e? o~ a~y obli9et;on hertuntkr or of ths obtipation N-
cv~ed hereby ~hall at any time thereafter be he:d to be • ws~+er o( the te~ms hereof w of the instrument iecured her6y.
I 1. In add~tion to Ihe faego'ng mon+h!y psymenta of princ p~f snd interest requi.ed by 1he pran~sw~y no~e tecured hereby, mortyagor covenantt *
end ~grees to p~y to mongagae n~th each monthly pay~nent an add~~iond sum es+ima~ed by mwlyay~e to be eqwl b 1/12 oi ~he ~rw?wl cost of the follow- i
~ng: • ~
A-Atl real property faxas kvied a asse~sed agai~s~ thc ~bove descr~yfd rea! estste.
B-Premiums on fire and windsto:m insurar.ce as herein ?equ:red to be carn~d on the improvtmeyls s+tuate on the above desuibed premises• ~
C-Frcmwms on such matgage gwranty lrsura~~ce as mortgagee shall ~rom t~me to iime deem fit to carry on the ban sccured hereby. ~
Mortgagee ~hall from time ~o t~me norify mortgagw ~n writw,g of ehe an+ount due and payabtc Fxreundrr and such wm shali tfiereupon be due and ~
payaWe a+ the due date of ~he ne,cr monthly payment and each svccessive ~~h therc~fter uotil mortgsgee shall notify mortpagor of • d~arpe in such
amount. Such suma shatl ix appSied by mortgagee toward the payment of real property faxes, insurance prem:vms, and mortysge g~raranfy inwr+oce ~
p'tmitMft_ i
IN WITNESS V/IiEREOf, the said MORTGAGOR has he~euMO iet h~s hsnd and seal the_ day and yeu firtt ~taesaid.
Si~ 5~ ed +nd deiivered in the presence of:
r ~ ' A ~ -,~-.aQ z. _ `~.n -
' ~ n ? ~31tiOfl A• A11d2~WS~ (Seaq ~
~ ~ i~!,£o i+~~ ~~~R~~ a married adult ~p ;
fT, WGIF CQbMTr ~La.
i1Ld~C~' '7'.'?[D~'-~~ RQpE~ POt7R~S ~•q '
CtfRK C1RCt11T COtlRT E
s~nre aF Matylarid RECOR4 tfE~If1~0~ . - #
~ ~ . f~-~ ~ nP~. e - : ~ 3~5 j
couNnr of pA C~~ 2~ h'Q~ 7~ ° ;
6eFae me perw~a ~ sppeared ' ~1tOA l~~~na!'@ ~ T~' @t~ 8alllti ~ ;
i
+M~Nwr to me well known ar~d known to me to be r
~he indiridwl deuribed in and who executed the foregoir+~ instrumsnt, and acknawledqed befue m~ that 8~18 executed the sam~ ior tM purpwq t
rhe~ein ~xprossedXXl~i~?t1~i~~G~d ~
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Xs9t~riaf0~xl~
~ ao~aea~~~acsacaz~x~~~ • ~sx~~i~~ac~n~~~~z~~~
~Q~xmlr~acsaVi.aebax~2~al[Rxti i7~ 7~kilG~. i
WITNESS my h~nd and offic~al seal this- ~n,~~ day of A. D. 19~-~
C~, ?
Notsryr Public in a fa Suts of Nw1i1~ at l~ry~
y Commissan ~:piies: ~ / 97~ ~
Return To: •
Fint Federsl Savings 3 loan Assoc7at~on v J~ t{
Of fort P~erce. ~ .
Fort Pie~ca Florida v' , . •,~''v ~
- ~ ~c,Q' . V . : ; .
O
J; 1 ~
This Instrument Prepared By Dpnald E. Y.ughes ` F
, . _
First federa! Savings & Loan Association P:,:~-.: i~,' .
of fort Pierce , Florida ~ • '
' j'~~j i4o ` t ~
Checked By ' ~pe~+~? _ _
E::~ ~U PA(;f ~
. s ~