HomeMy WebLinkAbout0744 3. To pl~c~ ~nd continuou~ly k~ep on ~he bu~~J,r~y~ now a M~~ah~r •~fw~~ on ~a~d I~nd u+d on dl aqu7p~~em and p~rw~ullr cov~~~d by thi~ nwr~Q~
p~. witA dl pr~mium~ ~hereon p~rd ~n lull, I~.e i~~u~~nc• in ~h~ u~wl ~~•nf•rd poiKr lam, M•~um •pp.o~.d br tM N10R~4AG[E. •nd w~~+d~~am
Inwr~r?c~ in Ih~ u~wl ~~~ndard poi~<y fam. In • wm ~pp~oved bj ~M MORiGAGEE, M sucA ca*~paoy or tanp+n~~s as 1M MORiGAGfE rnay
dlncr; ~nd •II lir~ ~nd w~n<f~ror~n ~~su.a~+c~ po~:c~~s on ~n~ 01 ~~~d b~~td~ny~, MY ifU~r111 ~M~~M a p~~t ~M.~of, in tl» pq~eyN~ wm ~fa~u~d a
M~ac~a tMrwl. ~MII cw+tain tM v~w1 s~~nda~d ma~q+QN cf~uu a~uth o~hN clavs~ ~t tM Ma~q~p~~ may requ:.~. m~?inp ~M ba u~da ~~~d Po~4
cin. ~~th •nd ~wry. p~vablr ro w~d MORTGAGfE a~ in?n~eN m~y ~pp~ar, and e~ch ~nd we~y tuth pol~~y ?h~~l b~ promplly aa pned ~~d d~iiw.~d ~o
` • ~ey MW by N~d MORiGAGEE q tw~h•• sewr~ty ro f~~d ma~pay~~ d~b1. ~nd. not lef~ tFwn IM f10) d~yf in •dv~nc~ of ~M •~p~r~GOn ol eKh pol~cy, 1o dF
(ivN ~o Nid MORTGAGEE • ~~newal ~M~wf, ~oq~N+N witA ~ ~Kf~p~ Iw ~M p~e~,u~ o( ~uch ~e~+e«al; ~<~d tM~• ~M{f b~ no f~r~ w w~~+d~+o,~n in~w~r+c•
' piKlil 011 My of u~d bvild~rqs. ~ny ~mer~~t ~hr~~m a pa~t tF+~rwi, v~t~~~ in ~M lam and w~~h ~M ~w• p.y+ba a•fu~u~d1 Md in U+~ •wot ~ny wm
o/ moe?~y beca+wf payabt~ unckr wch policy o~ pot,ues s~~d MOR?GAGfE ~ha{I hav~ ~M op~~on ro rece~w •~~d appty tM s+~~e oe ~ccount o1 IM i~b~sd~
rMb ~etu?~d M/fby 0~ W p~~m~t flid AM1ORTGAGORS ~o ~ae~ve ?nd uM 1t p Any pdrl t?i~ra0~ ~W Otncr {.v/{•4fes, w~thGUl Iha~~u~ erJiv~n9 J~ unp~~r-
inp W+y pu~ty, {isn or rpht unds? a by virrw o1 ~h:s mo:rpayr, N+d fo th~ wem N~d MORfGAGORS ~MII ta any rtasOn 1~I1 f0 kNp ~h! ~~kl p~~++ifN W
~ i~?surad. a(~il to dflivN promptly ~ny ol sa~d pol~cie~ o) inw~~nc~ ro u~d MORTGAGEE, w fail p~omp~ly to p~y f~Uy ~ny pre~wm Ihere~or a in ~nY
re~p~ct i~il W ppfpm, d~stM~q~, e:~cut~, ~(IK~, ca*+pl~r~, comply wi~h and abd~ by th~s covenant, a~ny pa~t hereof, sa~d MORiGAGEE may p~~u and
pay fa such Iravr~c~ a~nY p~rl tMrw( w~thout w~iv~nq or ~Ifxtir+p ~~y op+wn, ?ien. pu,~y. a nph~ und~. w by virrw of ~Ai• Ma~p+p~. •nd rM
' Ivll amovnt of tach ~nd ~w~y wch p~yrrkns ~hall b~ ~mmedi~qly dw Md p~y~bl~ ~nd aMfl bea~ imsw~i trom 1M d~t~ theraof unul p~~d N IM of
_ ~in~ pK c~n~vm pN annvm and ~ope~fa. w~th ~uch inre~stt sheli b~ tecured by the lien of th~s matpp~.
1. To pKmit, toeamil or wifar no wast~, imp~irmrn~ a dcte+wra!ion af s~id proFe~ty w~ny pa~1 tf»~eoi.
S. To p~y ~II and ~inpulu tM cwb. cM.Qes and eapMSe~. :ncludioy s re~son~bte ~t~wney's tN a.~d cosn of ~b~t.~c» of ~~H~. fncu.rcd w p~~d a~
•ny tim~ by fa~d MORTGAGEE, bK~us~ or i~ the ~rMi of tM f~ilws on ~h~ p+?t of tM s~id NWRiGAGOR to duly, p~ompdy ~nd fully pM(am, d~~ch~~~.
fl[KVt~. ~f(M. complete, eompty wcth ~nd ab;da by~ ~scfi ~rid every eM aip~t~?~o.,~. ~qrNmenn. cond~iions. ~nd coven~nts of uid pomissory note ~~d ~bu
mortpp~ any w e+rMr, and sa~d co~ts, cMrpes •nd expenses. e~ch ~nd weiy. ~Fwli b~ ~mmed~etely dw +~+d p.r•bie: wheeher a ~ot ther• be no~~u de
mand, aftempl to coil~ct a wi~ p~~d,n9; ~nd rM (ull ~moum ot e~ch end evc.y fucA payrrKn~ sMll be~r in~eretit from ~M da?~ ~hereol unril paid rl fht
rate o~ nine per c~nrum per ~n~wm; a~w all said tus~s, cMrge~ ~nd expensta tncwred or pa~d, together w~th sucfi ~o~ar~st, sMN b~ fltvred by t4» I~en of tfiit
maty~.
b. ThN in tM ~vent oi ~ny bre+ch of this AAo~tyape o~ det~ult on tFr part oi the MORTGAGOR, a(b) in th~ went ~ny of s~~d svrm of money
harein refen~d ~o b~ noi p~ompely and tully pa~d wiihm th~rty (~Q! dayt nea~ sfrer ~he se~.+e sevcra:ty becane due •nd pay~ble, w~~hovt de.r+~nd o~ notiu.
oi (c) In the even~ each and every the frip~,latwos, agroemen~t, cond~~~or.~ and covcn~nta of s~,d promiawr~ nofe and th.s mortpa9~ a~y a e~~he? nol
~uly. Promp~ly and iv!ly p~rtormed, d~scF+~rged. execufed, affccted. compkfed, ca++pl~eei w:tA •nd ab~ded 5y, then in either or •ny tuch ~wM IM u~d a¢
pre9att w~n n+emioned in said ptom+~sory note then rema~ning unp~~d, with intere~t acautd, and all rt+oney~ s~cured hersby, shsll betoms dw and Qay-
sble fwthwith, o? there~he~, a? tl» opt~on of sa~d MORTGAGEE, n fuNy •nd cw.~p:e~ety a• if ot the se~d sums ot, mon~y wer~ a.fl~rully ~t~pv:a~ed
to be pa.d on sucA day. +nything in ?s,d p~om~~say note a in thia Ma~y~9e to ihe co~erary ~o~«,Th~~and~nq; and the~eupon w theicalter st th~ op~~on of
said MORTGAGEE, w~thov~ no~~ce a ekmand, svi~ at law or io eqwty, therolae w tberesl~e? begvn, may be prosecu~ed ~s if ~11 moneys secur~d hereby
had nuWred pr~w ~o ns inatitution.
7. T4at in 1he ~vem 1h~t ~t ?M begirsni~ oF w N arty time pe~di~y any suif upon ~his Mwtgsge, w to fwecio~e it, ar to refwm i~, or to enforq
paymtnt O~ My d~iml he~eunder, said MORiGAGEf shaU ~pply lo the ~ourt Mvug ~ur~td~cnon thrreof (a the ~ppO~nlm!/tf O~ a RKlivN, ~uch Cw?t shail
for~hwith ~ppo~n~ • rece~v~r of seid mwtgaged proper~y +11 +nd •inyotar, inci~,d:ng a~l and s~~gu~ar tM ~ncom~, proi~ts, issues ~nd rwenues from whatave?
wurce derived, ~~ch ~nd every of wh:ch, ~t be~ry •xp~c~sty unde~s~ood, is l+enby ma?gaged ~s ~1 speo(iully set /atA and dew~bed in the 9~~n~inq and
fiabendurn dauses hereoi, and such Receiver shall Mve ~~1 the Fxoad and e{fecr,ve tunct~ons ~nd powcrs in ~nywise e~uusted by ~ Cou+1 to a Receiver, ~nd
such appointment ~hill pe mede by svch Cowt af ~n ~dmit~rd equity ~nd • matter of ebaotute ngfil Io s~id MORTGAGEE, s~d witfiout refertnt~ ro Ihe
adequ~cy a inadeqwcy of ths vai~e o( thc p~ope~ry mor~p~ged w ro rhe ~o~vancy w~nso~vency of uid MORTGAGOR d the delend~nt~, and th~t such
renrs, protiti, income. ~ssues ~nd «ve~ves shai{ be sppt;~ by such Rece~ve~ accord,~,g eo t?w lien a eqwty of said MORTGAGEE ~nd the practica of such
Cour1.
8. To duly, promptfy and fully peiform, d~icha.ge, exec~+e, e~fett, comp(e~e, cornpt~ w~rh and •bida by e~ch ~nd eve?y the st~pul~tions. ~yreemeM~.
co~ditlonf and covenants m s~~d p~ar.~ssory note and fh:s m~x+gagr trt f«eh.
9. ThN in the event the ow~enhip of the R.o~tg~ycd ptem~ses, w sny pan thercof, becomes vested in s p~rwn other than 1he MORTGAGOR, the
MORTGAGEE, it~ s~cceuors and asi~gns, msy, w~ehout no~~ce to ?he MORTGAOR, deal w~tt~ such suc;essw d s~ccessor ~n inte~es~ wiM referertu 1o Ihis
mw~yaye ~nd the debr herebv sec~rea in rhe same mar.ner as w~~h Ntongagw wirhout in •ny way vinat~n~ a d~scMry~ny the ARorr~~qort• i~,a~~ry herr
uRder w upon the deb+ hs~sby secu~cd. No s~le of iM prem~ses F~ereby mor~q+ped ~nd no fwbea~ance o~ tk~ p~n of tF,e lAOR~GAGff a it~ ~uccesso~~
or ass~gns and no exrensbn ot the nme for ~he payment of the deb~ hereby sccured 9ive~ by the .MORTGAGEE w iti sucuaa~ a aas~gns, ifu11 op~rate
to re~eau, d+uluryt, mod~ty ch~nge a aftect the o~ig~nal li~b,Gty oi ~he MORiGAGOR here~n, ~ithe~ ~n whole w in p~rt.
10. It is spec~Iically agreed that r~n+e is of the rssence of th~s contract ~~d that oo w~iv~r of ~ny obt~qa+~on h~reunder w of ~fie obtly~Yae? se-
cured htreby sMt~ ~t a~y bme thtre~fter be F.e!d to be a w•+var of tM t~rms hereol w of the instrument setu~ed herby.
11. In sdd~r~o~ ro ~h~ io.cgo.ng monfhly payme~ts of princ'pd ~~d inreresr requEred by rhe p~on+:uory no'e tMUr~ hatebr, morty~gor covenants
~~d ig~ees to pay to mo'tgagee v.~~h each momhiy paqn•ene an +dd~no~a~ svm est•n,~ted b~ mo:tyagee to ~e equai to 1,' 12 of the annvai cost of fhe follow-
I ~ng: .
II A-All real p~operty raa:s ~rv~ed w assesxd egai~st tnc above dex~~':!d reat estate.
B-Premiw~s on ~ire and wmdsto~m msurarce as herc'm req~,red ~o tx ca~.~~d on the .mproveme~ts t:t~ate on the above desa~bed premises.
~ C-Premlun,s on svch mongige guaraaty ir.surar ce as moctgagee shall froT t me to ~~~nt deem fit to csr?y on ttK ioan secured herebY-
i
~ Mptgsgee ~ha ! from a.ne ro hme nohfy mortgagcr ~n wrihng of the aTo~nt d~e and payable hereur+der and such sum shall therevpoo b! due and
payabfe on the due date of ~he neat month:y paymznt ~nd each succtssive mo.,th tF.e.e~~+e~ ur.til mwtgagee shall norify moregagw of a chanpe in such
~ e~no~nt. Such sums a?a:l be spp:~ed by monyagee to•~a.d ~he pa~R~cnr of ~na~ proper~y a~es, msurance prem.ums, a~~d mo~tgage guaranty insursnce
~ p•tmiumf.
II ISJ WItNE55 YJH~REOf. ~he s+~d MORiGAGQR has herevn~o ser h~s he~d snd seal rhe day and ye r f~nt •laes~~d.
j ' rMd. Se~led artd delivtred 'w the esence of: 1
1 - sl-~Wtf-Kit ~ ~
. , mas . an enau ,
~ ~ - ~ , -t.~
~ _ ` _ ~ Pa tr c a Q. nrenau
~
E
I SiA1E Of FlORIOA
" st. Lu~~e ~
j COUNTY OF _
I .
~ Be(we mt perwnally appeared Thomas L• Jeanrenaud, Jr.
i Fatricia M. JeanrQnaud ~ h;, W;F~, ~o ;,b w~n k,~w~ ,,,a w b.
rM indiridwls dexribed in ~+d who eaecuted rM fueparg insrrurtNnf, ud ~cknowled~ed before me that th~y taecuted the ~anw ~ol+ ~'.~powa
~h~,~m ~,~.K~a_ ,,,,a s.~a_ Patricia M. Jeanrenaud • ;
~ Thomas L. 3eanrenaud, Jr. ~ ~
w;fs of rha said - ~.~pu~v s~d prhadr ~
; ex~m~n~f~on by me ~aken ~epar~te and apart from her sa~d husband, ~cknowtedged to ~nd bclore me that ~fie e:ecured said Oa~~~~~.~ ,vo1Wi:~ _ ~
` ra.dy and w~thovt ~ny compu=sion, constroint. ~pprehem,on, w/ feu of w i.om her said h~iband. ~
~ WITNESS my hand and offic~al se~1 thls_.~j d~y of_,~. Apri1
.,C] f~ 0 19~.t~. =
~ _ n v ~.-t ~ L• :
, Nota~y Public in and 1w tFfe Sfaf~ Of ~ la~p~ f
My Commisi~oe ~xpirer. ~l ~ ~ ~ ~
~ `
R«~,~ To: , , A T
. -
iint Feder~i Savings 3 toan Associat,on _
Of Fort V.crce
Fort P~er~a Nond~ ~
`~R~b '
~i~ n~. ~
~ ~o ` co~'~r ;
This Instrument Prepared By J. Hal RObeY'ts, JT'. ' '
First Federal Savings d~ loan Association ~ jj 9 12~~~ ~~1
of fort Pierce , Florida
Checked By .
.
36431~ ~
~2~7' ~ 74z
_
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