HomeMy WebLinkAbout0746 J. To pt~ce •nd con~inua.?ly k~ep on th~ bu~ld~np~ ~o+r a M~~a1tN Ht~N~ or u~J I~nd and on eqw~nent u•J p~~wnatt~ covacd b~ ~hi~ ~rw~ty-
~y7~. w~~h ~11 p~anwm? ~h«eon pa:d IuU, I~r~ msv~~~c~ io tM wwl ~taad~+d po~~cy 1am, in a wm ap~o+~d by el.~ MOR~tiLALff, a~,d w,"d~t~~m
~n~ur~n~~ M tM wwl ~t~nd~~d pol~cy fpm. io ~ wm ~pprov~d by d» MORTGAGEE. in ~ucA ca,W~ny w cw~~p~n~e~ IM M.OkTt,AGEE m~y
d~rect; and ~{I 1i~~ ~nd w.nJ»orm miuruKt pollue~ on ~ny of wid build~npf, ~ny inNr~N tM±eM or p~~~ ~~sreol, in ~M •yq~ey~tt w~n •IqfNid o~
in ~ac~ss IMr~o(, ~h~ll cooe•in ~M u~wl ~~~nd•rd ~nor~ypN clww a wch oUw tl~vs~ tM Mw~yWN m~y reQv~~. mN~rq ~M w~~ ur~. .~Kl
c~as. e~cA ~nd ~v~~y. parab!~ to ~~d MORiGAGEE ~f ~n intNe?1 m~y ~pp~W. ~~+d ~~cA u+d ~vay avch po~~c~ ~h~ll b~ promP~ty •~s Q~ed u,d d~~~+r~ad ~o
•ny h~id by ~aid kORiGAGEE Iur.Mr ~ecu~itr to ~~id ma~q~ d~b1. ~nd. ~ot l~?~ tM~ ~~n l10! d~y in ~cl.a,+cs ol ~M ~¦pu•+,an o4 ~•~h poti:cy. ~o d~•
I,Ysr to ud MORTGAGEE • rfMW~l iM~tOI, top~~FNr w~th • r~c~ipl tw IM p~~mium ot fvth ~~n~rv~l; and thcu ~MII ba no I,re o~. w,~Kf+t~~m t~~~r~nce
pl~c~d on a~y of t~~d bv~td~ngs. ~ny :me~~~t 1fier~m or p+t1 tMr~of, un1~?s in ~M fo~m ~nd with ~M tos~ pay~b!~ •1or~f~~d: and in ~he •ven~ •~y •~m k'
of moeKy becom~f p~yabl~ uode~ wch policy a pol.ciN s~id MORIGAGEE ~h~ll Mw tM opt~on ~o «ce~ve •rxf ~~,ply ~he sa.+~e u+ accoum of rhe i~xlub~ed.
nesa iecurad M+eby a ro pHmi/ u~d 1NORTGAGORS to rectiv~ and ut~ it W•ny pert ~hercol fa oir..,r pur; c~rs. v..rno..~ fh cr ~~•.p,.,..
~r~g •ny pu~ty. G~n a~~yht undN a by vi~tw of thi~ mortq~p~t ~d w~ tt~ ~vMl N~d MORYG/1GQR5 ah+ll tw ~ny ~~a~on I~il to A~sp ~M s+~d prtm~ses w . i
;~.~~ed. w bil ro det;~er pranpdy •ny of u~d pol~cie~ of in~w~nce to ~a~d MORIGAGEE. a faH prompNy ~o p~y fu;ly an~ p,e~n~,,,n ihc~ciw a in ~~y .
rotiprer f~il ~o p~rlo~ea. d+uhar4~. •aKUt~. ~1(~et. eas+p~e~~. tomply wuh and ~b~d~ by this tovManl. a any p:.r~ hr~coi. ~e~d MuRit'~AGEf may pNte a d
p•y la such inaursnc~ a~ny part tl+~reof wi~hou? w~lvinp a•(t~ctinp ~ny op~an, li~n, equ~ty. u r~qh~ under a br v~r~w of rh~~ Ma~qa9e. a~d rtK
tui~ ~~r~ount of each and ~~~ry iuch payrr»n1 ~hatt b~ iT(11tdNffly dU~ ~nd p~yabl~ ~nd ~hall b~ar intereu 6om tM date ~haeol unut p:~d et ~tK rere ol
n~ne p~r esntum p~r annum and to~ether w~~h ~uch intsres~ thall be aecur~d by tht litn o( this mwf9a9e. , ~
1. Yo pam~t, corrvnit w wf(a ~o wasN. imp~hment a d~tsriaa~ia+ of ~aid propaty w~ny pue ~harwi.
S. To p~~ ~11 ~nd u~qulu ~M cw~s, cMr9es u~d t=pK+ss~, includinp a reasoMbl~ anwn~y i fee and costs ol ~bsn~cn o~ ?~~te. incvr.ed w pa~d ar " .
any time by s~sd MORiGAGfE, bcaus~ w 1n the ev~M of ~h. f•~?un on U+. w~~ oi ~M iaid MORIGAGOR to duly, p~on,pdy aod iv~iy perlwm, d~xi+~~g~.
e.~c~». ~if~c~, compter~. comply w~~h and ~b:d~ by ~~ch and ~very th~ ~t~pvl~e~o.a, ~preemem~, cond~~~oru, snd cov~oanrs of s~~d prom~sswy no~e and ~h~~ ;
.~,orrgaye any w e~~her. u~d ~~d costs. chuyss ~nd e~p~n~es, exh and ~wry. sMll b~ immed~~tely dv~ ~nd pay~bl~: whe~Fx+ or not rl~e~e tx no~~ce dr
me.~.i. Ntempl ~o co:kc~ a?uir pe.~d~n9; srd ~M full amount o1 ~ach and r.ary ~vch p~ye.~em ~hslt bea. ~n~eres~ f~om tAe di+e +he~rof um~~ pa~d a> >fK
,.,re os n~ne per crn~u~n ~ an~~um; end dl sud costs, ch~r9es and eapcnKS ~ncwnd a pa~d. ~oyether wuh ~uch interest, sh~tl be ~MUred by tM I~en oi th~~
mortQa9~.
e. TFut in the evem of a~y b.e~ch o( thi~ Mwtyaq~ or d~f~~lt on th psrt of tM NWRTGAGOR, w tb) in +M evenf ~ny of sa:d sums o; mon~y
herein rofe~red lo be not promptly •nd fu~ly pa~d wishin thufy (~0) day~ nert •frer IM farne uve.~'!y beco~ne due and pa~ab!e, w~tho~~ dtmuul oI non<e.
or ;cl the ~vent cuh snd svery ~l,s stipviations, ~yroements, ca~d]rions ar+d co~~n+nt~ of s~td p.on+iswry nora and ~h~s ma~yaqe a~y or y~he. a.e no~
iuly, prompHy and I~IIy perlormed, d,uMrged. ~;KU~ld, tifeded. comple~ed. compGed with •nd ab~ded Sy. ~hen in ~~iher a~ny wch event the aa.d ag
fl~egats sum mem~w,ed in said p~om~sswy nots tlxn rtmaininp unpa~d, with inta~il accrued ~nd •it mon~YS secvred haeby, shad become dw and Wy'
ao~e io~thw~rh, a therea(ter, ehe option of ~~id MORTGAGEE. u fvlly and comp!eie~y as if all o( ~he sa~d w+s+s.o1 moner we~• a~g~Ratly st.pv~ated
ro be pa~d on svch day, snyihing ~n s~:d promissory note or in ~h~s Mo.rg+ye ~o ~M connary nor~v~~h~rs~+d~np: a~d thereupa+ o~ ~hereafre~ si ~he op~•on oi
~e:d MORTGAGEE, w.~hout na~~c~ or d~n++wd. w~t d{aw a in eqvity, ther~fae Or lfiereaE~er bryuo, may be prostcWed as iF all money? ucur~d he~eb/
had rtwfured p~~or to ~tf intt~fu~wn.
7. TMt in the evcnl tAa1 ~t ~h~ beginn;nQ of or d any time ptndiny ~ny suit upon this Mortgage, a fo faettose it, or to ?efam it, w to en(c.rc~
GaYment o( ~ny c~aims heTeundcr, s~~d MOR~GAGfE sMlt appty to IM Cwr~ having ~u~~ad~c+~on ~hereof (w ~he ap{w~~rmcm of • Rcccivc~, s~c6 Covrt fhall
lerthwith ~ppOinf • rKe~vlr O~ ~ad mafp~ged property all and ~irgubr, incl~d~rq a~~ and ~~ngv~ar the incoms, prof~fs, isives and reve~ve~ i~om vshateYtt
~o~rce d~r~ved, exh and every of whrch. it beinp e~pressly w~d~n~ood, is I+ereby mor~ga9ed af if spcc~fically se~ fa~h and deunbed in the pranr~ng
heLendum clausei hcreot, and such Receiver ~haN haw ~11 tM Mo~d u+d eflettiw fu~ce,o~t and powers in anywne entrusted by Cou~t to a Recaiver, •.:d
s•. ch sppointmem shsll be m~de by wch Gour1 sa a~ ad,nitted eqvity and a m~tttr o~ absolute rigM to sa~d MORiGAGEE, and ~Thout rs}eronca ~o ~h~
ed.rqvacy or e~adeg~acy o~ ~he vatw of the p~ope~ty mo.~9~ed w to ?he sovs~cy or ~n~o~vency of u~d MORiGAGOR d tAe defendanr~, and ~hat a~cfi
r~~+s, prof~ts, incane, isivef ~nd revmues sMll b~ ~pplied by such Receive~ accwd~+~p to ~he liea w puity ~i uid MORTGAGEE and ~he p~aa~ce o! ~~.ch
Court, -
8. To duty, promp~ty a+~d ~u?fy perlwm, d~scharye, execute, eifect, complete, comp~y w~th ~nd sb~de by each and evsry tha'~st~pufations, ag.eemen~s.
co~•d~r~ons and co~enants sa~d prom~siwy rate and ~h~s mweflage ut forfh.
9. That in the event ~he ownenhip of the mortgwed p~em~ses, or •ny psrt thereo/, becomet veated in a pe.wn othe~ than Ihe MORiGAGOR, the
h'ORTGAGfE, ~ts successor~ •nd us.gns, may. wit?+ovt no~ice to 11+~ MORTGAOR, deal wilh ~uch successor a succeisor ~n ~nteres+ w~rh referer.ce to tn~s
~ o•~gaye and ehe d-bi Aereby secur~d in tM sams rtunne~ as with Morly~ga without in ~~y way vit~~tiny o~ d~uharg~ng the Mwtq+gors' liab~V~ty he.r
der or u~rn~ the deb~ hcreby setwed. No ute of the prrmius hereby mort9aged ~nd no lorbearance o+~ the par~ of tM MORTGAGEE o~ ~ts svccessurs
o~ asi~gns and ~o eareriion of thc t~me Eor ehe p+ymens ol tfu deb+ he~e6y ~ecured yiven by 1M MORiGAGEE o~ its fuccessart or ais:gns, ?~~all operate
ro re~ease, d~uha~ge, mod~fy change w•ffect Ihe oriy~n~i IiabiGry of Ihe MORTGAGpR htr~;n, eilher in wlwle o? in part.
10. Ir is spevf~ca~iy ag._cd ~hat time b ot the essenc~ of ~h~s contr~ct and ~hat no w~ive. of ~~y obt;garwn hereundcr w of the ob:~g~rion sr :
cv~ed here6y shat~ a~ a~y time shere~ft~r 6e AeSd to b~ s wair~r of tfit t~rmt fier~of or of the irutrument secu~ed herby. `
11. In edd r:o i+o the lor o monthl a ments of ~r,~ t~~d interest r u~r~d b ths rom:ssor note secu+ed }~ertb ~r.ort a- or covenanh j
~9 n9 Y P Y P~~ W ~ Y P Y r 9~
d ag~ets ro pey ro ~•:o•!geyee ~~eh e~ch month~y payaient ~n add~~ional sum est,nvred by margegee lo be eq~al to 1, 12 of tdx em:ue~ cost of tix foy:o~v-
y
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' A-Ali reai ~:.4pr.rty ~e¦es ~e+~ed o• asseserd spa~•~s~ the +bove deu~~bed rea! estate.
f B-Pf~J.T.fU'~IS on fue ?nd w~~~d~ro~m insura~ce +s h~re~~ ?eQu~red /o be tarned on the :mprove-ne~ts s:~~a~e on ehc above descr~bed p~emhes.
I C-Pro~~w~:a on such mortgcge qwramy mw~ar.ce af mOrlg~gee thatl from hm~ to fime drem fit to tarry on the ban secvred he:eb~.
~ Moregagee s~+a?! f+cm t~me fo t~~ne norily mortgaqo: in wrl;ng of tFu amount due ~~d payabk he.evnde~ ~~d soch sum shail tfirrevpon be d~e a~.d
•,i,!e on the d~r da~e of rh_ nr,r mon?h!y payment and exh succeative month thereaher untit mongagee sha11 no~.fy r.~o~~aagw oS a change in svch
~ „~t. Such ~ums s~a:~ }x appf:ed by mortyagee taa~rd the paymenf of reat p~operty taaes, insura~ce prtm.~ms, and mortgage y~aranty inwran:e
• ~~~ums.
i IN W1INESS Y.'Y.6itFOF, ~he ~a~d MORTGAGOR has hereunto ~et his_ hand and seal the day and year first a(o=esa~d. '
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i Siyned. Stated snd detivered i~ 1he prestnce of: ' / ~t~
V
- - - T A?1
OD98 8 . ~~t~
~ ~ • ~ ~ ~`i~een'V~T'~n «,n
~ _ 4~ (Sesp
i
~ S~:,TE Of FLORIDA ~ •
St. Luci e ~
i _:;U'JTY OF
! eefae me penonatly appeared ~OIR98 rJ~ V111anti s~
~ _ Fi266T1 Villanti his wi~e, to me we~l known and knoxn to ~ne to be
! ef,e individwts descr~bed in snd who txecured th~ fapanp inihwriem, ar?d ~cknowtedped be(as me tha~ rhey executed eF,e sa/.x }w rhe p..rposes
~ ~~•r.e~n expressed. A~d Ihe said_ Fi~-ee'n Villanti
~ r.- of fht fa~a ____--Thomas .c1• Villanti u~R a scparate and priv~te
~ ,•-::n~non by mc Nie~ sep+?et~ •nd apart irom her sa~d hufband, ~ck+wwledped to and beFwe me that she eaecuted sa~d imtrvment ireely ar.d voi~n-
t e..~y and w~thoue ~ny compvisan, conftraint. ~ppreh~nswn~f~ar ot or from htr s~id Fwsband.
i
~ WITNFSS my hand and officia! seal thi~ d~r of ' A D. 19~
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; No»ry Pubt7c in • t rhe State of Fbr~d~ a1 l~r~e
~LEO Aqtp RE My Commiuion • pires:
stt,~r~ ro: s LIICIE COIINTY F~i ~~~Y S~o1e•ef Fts~;do e1 loep~
~~rat Fede~d Sav~ngs 3 tosn Aawuat~o~ - ROCER PQ~1RA~
O( Fc,•r .~c-ce. _,r~ERK CUIi µf' Cer.~:ulon E.r:r~s Suly ZI, 1f77
, J;~` fi~ =C:lN; ~ ` iondad t~ A.tar:on i~t. f~ Co~wltj Co.
forf F,.~rca Hond+
~ ~~4 ll 9 aH ° ~
This Instrument Prepared By ~obert .T. F:VeI'~9 ~ Jr. • ~ ~ • t~ .
~+rs~ Fcderat Savings ~ toan Assouat~on : ' ~ •
: ~
P ~
~ oF Fort Pierce • _ Q
' Forr P~erce, Flor~da 33450 ' z`v ~ v :
. 36431.3 e a
_ k ed BY - ~ - _ - - - -y-------- ~ '~,f~ ~ • .
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