HomeMy WebLinkAbout0640 To pl~c~ ~nd conti~uov~ly kNp on tM buitd~nq~ now a Fwr~ai~N ~it~ah on ?~~d I~nd ~nd on ~il p~Ipm~~? u~d pN~on~lly ~ov~r~d by IAi~ enw?p~
p~, with ~11 p~m~ums ~Mr~on p~~d ~n lull, f~r~ imw~nc~ ~n ~M v~wl ~~ud•rd poiKy fara, in •~wn ~pproved by tM MORtC,AGEE. •nd w~nduam
uaw~ In dr wwl u~r~~d pol~cy lam, in • wm ~pp~ov~d by ~M MORI(iI?GEE. In wcA compw+y a canpan:~s a tM MOR~GAGEE wwy
d~nct~ ~nd ~11 Ibt ~nd w~~«m in~wMC~ polici~~ on ~ny OI Nid bNi~Y~~. My (IWl~~1 ~AN~M1 OI pNi fM~WI, h ~M ap~p~epa~ ~wn ~fa~~aW a ~
In ~apa ~hN~oi, ~11 <oro~in ~M wwl paedad mor~qpN clwN a ~~ch aAw dww u ~M Ma~qpN nuy rpua~. nwh4+p d» Iw~ urdM w~d po1F _ J
ci», eacA ~nd w~+y. p~r~b1~ a w~d MORiGAGEE a~n in~~«~~ nwY ~pp~ar. ad ~ach ~nd ~wry~ ~uch pol~cv ah~il b~ p.pnptly ~a.pn~d w+d drlivN~d ~o
~ny h~ld by Nid MORtW?GEE ~s /vrrM. Ncuri~y ~o ~.fd ma~pp~ deb~, and, nw 1~~ ~Iw~ an (10) d~ys in ~dv~nce of tM ~:pk~non ol ~Kh pol~cy, ~o da
NvM ~o s~id INOR~GAGEE • r~w~l tM?~of. ro~~!»r wi~A • r~eapt fw tM p~miwn o1 weh ~~w~l; ~nd ~F»r~ ~U b~ no fu~ a winduam inwr~e~e~
pt~ad on My of w~d buiWi~. ~11y HIIM~tt fMf~M OI p~.~ rh~.wi. unNu Jn ~M lorm M1O WifA /M ION p~y~~ q~}WfMW~ Md if1 MM ~WM My fW11 ~
o~ mawr b~canei payabb und~? such policy a pol~ti~s Nid MORTGAGEE ~MII Mw oprwn w ~~u~v~ .nd ~ppty ~M wm~ a+ ~ccown of r1+~ H+d~b~d. _
n~N a~tw~d hN~by a q p~rm~l Nid MORTGAGORS ro r~iv~ ~nd uN II Or •ny pNl IMrepf ~lu oti~e? pu~po~H. wdhoul IM~so~ w~ivniy O~ ~mpsi~•
irq ~nY ~Q~?~h. 1~? a ripM w+dN or by vinw of Uw mortpa9~j •~+d ~n ~h. .v.~+~ ..~d MOarc,~?GORS .h.u rw •~y n•wn f•N ro kNp ~M •.W p•n?isa w '
M~W?!d, 01 ~~1) 10 ~IIWf Ptpllpf~y ~f1y p} Mid pp1KiN O~ in~w~ee~ fo wid MORTGAGEE. p ~~i~ P(penPl~Y f0 ~y tYl1y My ~fm~uT t~1ff~~01 W{If My '
rtip~d f~il b pNlwn~, O~~char~. ~x~cuq. ~f/~ct. conpl~t~. cornply witA and ~bid~ by ~hi~ cov~n~m, a~n~ pNt h~rwf. ~aW AAORiGAGEE ~r p1~c~ +ne
P~Y fa ~ ~mwu~ a~ny put ~i».w/ w~Mout waivinp a dt~uinp ~eryr op~ion, liee, pv7ty. w rtyM und~. a by virfw o1 rhis Matp~pe, ~nd th~
fu11 ~,w,n~ of ~.ch and wwr wch payn+.~f ~h.ll b. i~n.n.diar~ly du~ ~r,d py~bk ~r,d ~I,.II ~.u inee~.n frpn tM d~~~ ~Fwwt w+ril p~id at tM r~a o1
rwrw p~r c~nrum pN ~nrwm ~rd tog•ths~ with futh int~~e~t ~Mll b~ ucwed by tM li~n ol thh morty~. o. -
1. To p~rmU, commit or wffN no wa~t~. in+pairm~e~ w detQriauion ot ~a~d propKty w any pa1 IMr~oi.
S. To paY ~tl ~nd tinqutar ~h~ e~sb. eAarp~s ~nd •ap~ns~~, ine!udino • n~wrwbl~ ~ttweKy i fM ~nd w~ta o} ~Mtraet~ oi t~tl~. inewr~d w paid
~nY tim~ by s~~d MpRfGAGEE, b~c~ur~ a in rM w~ru of tM f~~lw~ on tM part of tM aid NIORtGAGOR~ w duly, P.w,~pdr .++d fuiyr ~1wm, d~uh+rp~,
•aecut~. ~1(scL compter~. comply wnh ~nd ~b;de br ~~ch ~nd ~very /h~ itipulatqnt, prean~nH, tonditio~q. ~nd cownMb oi uid p.omiupy not~ and thq
matyap~ ~ny or ei~Mr. uid s~~d cwt~. chupN uid ~ape~e~, e~cA and w~ryr. ~MII b. i~rwd~•~.Ir dw .ed pay.bN: whe~lw~ a not thM~ b~ no~~u d~
m~nd, ~tt~mpt p coll~cl a svlt p~~1~e~pj ~nd tM full ~nw~rnt of ~ach a~+d evt~y ~uch paym~nt sMll bNr inter~~~ frpn IM d~N th~.~of until p~id al tM
rate o~ n,ne per ce~tum per amwm; and a11 u~d cmh. chup~s ~nd eap~nies incurr~d a p~id. ~opethH w~th such intHeq, ~MII b~ Ncw~d Dy tM I»n of Ihu
~rwrt9ap~.
0. That (a) in th~ w~e1 of any br~~ch o/ tiws Mor~q~ a dei~uU on tFr part of th~ MORTGAGOR, a(b) in tM ~wn1 ~ny of satd wms of eaMy
her~in retNr~d to b~ not p~ompNy ~nd lully paid wi~l~in thMrq (~0) d~ys nea~ ~f~e. tM s~ne sever~uy become dw ~nd p~y~We. withovt d~m~nd a notip.
w(~ In tlr twnt exh ~nd ~v~ry ~M a~iput~~iwu. p.Nm~nts. condie~oni and covMSnta of ~rd promysory not~ ~od th;~ mwlpp~ ~e?y a~itl+er ~r~ nol
~uly, promptly and fully p~rtwm~d. d~uMrqed. ~;ecu~d. ,~ffeued. compl~t~d, complwd with and ~bided 'iy. th~n in ~~tMr w~ny such ~wnt tM sa~d ~
p.e9~t~ su+n m~ntion~d 3n said pomis~ory not~ lhen rsmaininp unp~id. w~th int~r~~1 ~cuwd and ail mw+eys a.cur.d M.•by. aMll b~w~nt dw ~nd p~M
ab1~ fpthwi~h, or thM~aher, a~ tM opr~on of uid MpRTGAGEE, ~s fvlly ~.~d compl~rely if ~li of tM u~d wrm ol mw+~y w~~~ ppinailjr s~~put~t~d
ro b~ p~w! on wch ~day. ~nythinq in sa~d prom~swry not~ a i~ ~his Mortpay~ ro ~M conuuy noa,v~rhs~and,np: ~nd ~herwpon a tMr~af~ ~t th~ op~~o~ oi
said MORTGAGEE. witho~rl rarK~ a dNOand; suit u I~w a In pvity. tIK~~1a~ a ther~af~~r bpvn, may b~ p~os~cut~d q if ~11 mpwys Mcwad ha~by
hsd ~rurwed prar to ~n iiu~ctu~ion.
7. TMt in tM •ve.~f ~Mt ~r ~t~ !»y~nn~ny ot o~ ~t ~ny um~ peed;ny ~ny w~~ upon nc~s Muty~ge, a to fw~clow if, a to .~fwm it, o~ to ~nfwa
paYnKnt of any tt~ims hNevnd~r. ~aid MpRTGAGEE ~hall appty 1b ~ht Court har~rq ~ur~~d,ct~on tMreof fw th~ ~ppointm~nt o( a Rec~ivsr. wch Court ~II
fOr1I1WIlI1 ~pPOi/11 ~/KfivN o1 ~aid mo~tpa9~d poperty ~II and ~iryulu, iaclud.nq •If ~nd f~n~ulu tM inoorn~. profit~, bsues M+d rev~nws fiom whaqv~r
wurc~ deriv~d. tacA aid every of wh~ch, it b~in4 ~ap.euly underaood. q Mreby mortpafled a i( spec~fiully ~t~ fwth ~nd d~scrib~d in tM pramup and
hsb~nd~rn cl~vt~t hereoi, and ~uch Rec~ivN ahatl Mv~ •11 the brwd and ~(l~ttire funct~pn~ and powers in Mywis~ ~ntruued by • Cov?t to • R~ceiver, and
such ~ppoinement shalt be mad~ by such Cov~t as an ~dmieted eqvity •nd a rrwf~a ol •bsolute r;9ht to s~id MORiGAGEE, and witho~t r~ftrente ~o th~
~dequacy a ioadpvacy o} tM ralu~ o( ~M p~operty moi~yped w to ~he wivMCy a~naoive~?cy o( a~~d MORiGAGOR or the dcl~ndant~. ~~d tha~ ~uch
re.+~s, pofib, Intortr, is~ues and rwenu~~ ah~U b~ ~~ilNd by WCh RKiIYH ~cco.d~~~~ ~o ~M INn w puiry of wid MORTGAGEE and tM practict of wcl~
Coun.
a. To d~y. p~omp~ty ~nd fu11y perto.m, d~uMry~. eaecu~~. etiect. complete. comply wiih ~nd ab~ by ~~ch ~nd ewry tF» qip~IstaM, pnem~nn,
conditiom ~nd covenanrs ~n sa,d pramiswry not~ arx! th~s mort9~q~ u~ fwth.
9. That in tM ~vent ?he ownership of tIw nwrtpap~d prem;sts. o~ any part thereof, becwn~s wst~d in • pK~on othN than rFk MORTGAGOR, tM
MORTGAGEE, iri ~ucceuws u+d ~ss:gn~, m~y, w~tFaur ~o~KS to ~he 1NORTGAOR, dNt w~tF~ such wccesap a sucuasor in int~rtst with rtfuence ~o fF~is
matyp~ ~nd tM deM Ix~eby secur~d in tM sam~ manner ~i wi~h Mortypa w~t!?ouf in ~ny w~y vitiatin~ a d~xl+uqirg tM Mw~yapon' liability FKr~-
under w vpw+ Ihe deb~ her~by secwed. No sal~ of tM premises h~reby mw~y~9ed ~nd no iabea~anc~ o~ th~ part of tM MORTGAGEE w in tuccesson
w assi9ns u+d no e~rMieon of rhe rune for ~he paymen~ ot Ihe deb~ he.eby fecwed p~ven by ~F+~ MORTGAGEE o. iri a,cceua• or ~sfi~ro, ?lall operat~
ro r~~e~, d~scha.p~. rnodifY chanp~ qr aff~ct ~h~ wq;nal liabil~ry of ~M MORTGAGOR hws~n, eitMr in whol~ or tn put.
10. It h apecific~8y p.Md ~h~t time is o( th~ essence o/ th;~ contr~ct ~nd ~Mt no w~iwr o/ ~ny oblp~t7on hKeundK w ot th~ oblipNion k-
Nrld Mffby fMll ~t My fim! IhNl~F1N b~ hek! to b~ a w~i~a of th~ t~rms F+~reol w of 1he insuum~nt sec~red herby.
I1. In edd~ria~ to 1he forego:ng month'Y pa~menrs of p~inc'pal ~nd intereu ~equ~red by the p~om~swry note •ec~r~d hereby. mortpapor cpvMants
and ayrsef to pay to mortgapee with e~ch montFiiy peyrrNnt an ~dd~rion~i wm esnm~ted by mwtyay~e to be p~~l b 1/12 of ~h~ annud cqt of the tol{ow-
~~4:
A-A~I real ~ope~ty taxes kv~ed w aisesud aysi~st ~hc above dsxribed rcd eva~e.
6-Prem~ums on firc and windstorm ~nwr~nce as here7n req~;red ~o be urr~ed on rhe imp~ove•nenh titwtt on ths ~bove describcd premis~a.
C-Pr~miumf pn such mprryp~ q;~ar~nty insuranc~ as mony~qN ahall irom riri+~ to rime deem /ir ro carry on the lo~n secvred he~eby.
Mo?tyagee shall from ~irn~ to ~~ms nonfy mor~yayor in wrin~g o( the amount dw ~nd p~y~bl~ herwnd~r ~~d avcl+ wm sMll tlw~upon b~ due ~nd
pay~bl~ on ths due dar~ of tht n~wi monrhly payment Md exh succesi+ve mo.~th there~ftn unril mortgpee shall not~fy mortqayor of • chanp~ in wch
arnount. Such wmf shail be ~pplied by mprly~pet ~pw,ard fhe payment of re~l property ta:es, iMUrente prtm:um~, u~d mptyays ~wr~n}r inwr~rK~
pr~mivmf.
IN Y~IiNE55 WHEREOF, the s~~d 1NORTGAGOR has herevnto set his hand ~nd se ths dey and yeu first ~fo~esaid.
' Sipne S~ t d•nd detivM~d in riu pres+~c~ of: ~ l
1 ~iY ANO RICO~IDEO ~
t{.IUCIE CdUMT11 f~A M lla Alain ~ ~
~
f , . s : t~ - ROCEq POIIRAS
~ ' trK ~ RCUIT COURT q
11 ' .=f.tr'f.'1,~.., ~~:arr_czl l P A~ ain (5..0
~ SiATE OF FIORIDA St. Lucie PPs~s I?. au PM ,
F ~
~o~~ ~ . ~239
p...«?.u~ ~~~A1~
~'~l'~ ` . "ta9Qlla Alain .~d
~d I C Z 1 e ~ his wife, to rry well krawn and known ro m~ to b~
r1+~ individwlt describ~d in a~d wh~ ~s~1a•th~,.~ ' limlrin~nt, r~d ~cknowled~ed b~fw~ me fhat th~y ~~ecut~d the sarn~ }or tF» pwposd
~ ~herei~ ~:press~d. Md tM ssid
. _ , '
~vif~ oi tFu said " ~ upon • s~p~r~t~ ~~d pi~v~N
ex~mirurwn by me taken sepusJe Iw~pM'froM~ F~p ` , ackrww(ed9ed tu ~nd belor~ m~ th~t sM execvt~d s~id instrumMt freet~ u+d volw~- -
t~rity ~nd wi~hout ~ny compuls3~n.;C~1A+~ ~PPr~ (~u of o~ from her ~aid Iwsb~rwl.
WITNESS my Mrd ~nd oi~ci~ M~1 t`1 _ day of ~ ~ ~ A. D. 19 ?7 " 's
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` 4 ~ ~'~Y'~~ ~~f•~ ' ` ~ ~ ~ i!! • ~
` ~ ~ ~ - ury Public in and fot tlw ~iiiwiYi~ a• larp~ ~ ~
Ren,m io: ~F . My Cortanwsan •upi.es: ^ 3
` ~ ~"omnissioned For Life '
First f~derd S~vinpt ~ LOan /luoci~t~flr ' w ~
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Of Fort P.erce •
fort P~e~ca Flu:d~ t :
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; This Instrument Prepared By Gdry F. Bllwoo~3 ~
First Federal Savings b loan Association 1
¢ of fort Pierce , Florida j~
~ Checked By ~OGK PAtE ~
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