HomeMy WebLinkAbout0750 7. To pl~c• and tontin~ousty l~~p on rh. b.,~:.i~.p~ now or Mr~~i~N ~~tu~~~ or u,d ~~nd ~nd on •ti equ~p~~~n~ •~d p~~~a+~l1y <ov~~ed by ~hi~ mo~+Q~
W~. w~th dl prem~um~ thereon yrd ~n ivlf, lue ~ruw•nc• ~M wwl i~~.,d~~d pol~c~ lam. Jn • w;n ~~P~c,+ed 4~ ~M N?Gk~vAGEf. •nJ wr.Jt~orm
~n~wu~a tn ~M wwl ~tu~d~~d pol~cy lam, ?n • fum ~pworsd by tM AtARiGAGEE. in ~ucA cwnp~ny oi co•np~~.n ~f ~M MURIt,AGEE may
d~ncl; ~nd all h~• ~nd w~~orm ~nsvr~,K~ polK~es on ~~y o) ud budd~nqt, ~ny 1m~~~ft the.an or par~ ~he~rol, in IFN ~y9rt9~ff ~um ~lae~~~d a
~n ~aass ~lwrwf. ~h~il con~au? ~M usu~l ~~~„dad marp.~ ci~uN a tiucA ahM dws~ ~s ~M Mo.~p+y.a may reqv~~~, m~?~r.p iM ~os~ un~le~ ~a~d po~r
c»+. t+cM ~nd eYKy, pay~b~ ro~~~d MORTGAGEE as ~ts ~ntKeil m~y ~pp~N, ~nd ~xh and •wry ~uch po:~cy ~I~11 G~ prompUy •u p~+td a~d da~~~ard ~o
•nr lrid by ~a~J MOR(GAGEf a furthe~ secu~ity to s~id mo+ty~9~ d~b~, ~nd. no~ I~u H»n ~~n (101 d~YS in ~d~anc~ of th~ •,~pu~~~oo of •~c~ poi.cr. ~o dr '
Gv~~ Io u~d MORIGAGEf • renew~l ~her~of, toq~?Mr with • r~ceipl !a th~ p~kn~um ot wch .ene.val; a.xl ~he~• f~~~l b~ no 1,~• or w~~~O~ror.n in?~r~nc~
pl~t~d on ~ny ol f~~d build~rgt. any iM~rqt tMr~M a pa~t tMrw(, untq~ in ~M /o.m ~nd w~th IM Ioa pay.W~ ~fwef~~d; a++d in ~h~ •went •ny sum
of morwy becom~~ p~y~ble unde~ wch pol~cy a pol:ci~~ aaid MORiGAGEE sh~il haw elk op~wn to recaive •r.d •pply ~h~ un~ on ~ccou,,~ ol ~h~ ~r~deb~rd~
Ms~ ~ecw~d h~~~b~ a to pNm~~ u~d MORTGAGORS lo recsir• •nd us~ it a u~y pa~~ tl~err0~ ~o. oir„•r o~rs. .:.+~:s,.~ ~h wc~.~ o~ ,~:,p..~~. •
~^9 MY ~q~+~h. a rwM u~r w by v~rrw of ~hi~ mo?rpp~: ae~d io tM w~m ~ad MOit~GAGORS ~Mli fa ~~y r~a~on fa~l ~o keep ~he N~d pt~m~~N w :
~nw.ed, a I~il ro deaver pr«npUy a~y of ssid potKie~ o! inw•~nc• ro ia~d MOQiGAGEE. a lad promp+ly ~o i:a~ lu~ly .ny p.•,.,~„m ~her~loi w~n sn~
~~1PK1 I~I~ 1p ~fIOfT, ditchar~, axec~t~. ~1feCt.-cOmple?~. Cpmply nrilh ~rNJ •b~d~ by Ihif Covenant, w~ny pat ?~etcof, ti~d MURTGAGEE m~y piKe •.,C •
pey lor ~uch Imuranc~ er ~~Y pul tMreof w~fhout w~iv~~+p a afl~ain0 ~ny op~ion. li~n, sqv~ty. a r~yM under a b~ v~rw~ of ~hi~ Ma~pap~. ~nd ~Ae s
fu~1 ~moun~ of e~ch u+d ~~Ny ~uth parmMf fMl) b~ ~mmediauly du~ ~r,d p~y~bt~ ~nd thall beu ~mere~~ Irom ~M d~~~ Merrof ~otil paid ~F» ru~ ot
~~M pK c~nrum ~ annum and ~o~ithe~ w~~h wch intere~t thal~ b~ secured by tM tien o} thls mwtpsp~.
1. To pNmi~, comrrul or suttn no wat~. lmp~~rrrrnt a d~~eriw~tion of .ad woPa~y a.ny par~ ~I,..eoL .
S. To pay all ~nd a~npulM ~iie co~U, chup~s w+d eap~nses, inctud~„y • re~sonabt~ ano.ney i te~ and cos?~ ot a6~~r~ch of titt~. incurred M pe~d a+
•ny time by w~d MORTGAGFE. becaus~ a in tM tv~ro o! th~ f~~lu~t on ~h~ p~rt of tM ~a~d MORiGAGOR to dvly, prorr,ptly ~nd fu11y ~rlam, d~ut.sr9~ '
execut~, tf(ect, complet~, comply w~~h ~nd ab.d~ by t~ch ~od ewr~d+a ~t~p~,la~wns, preem~oti, co~d~bon~, and covenenrs ol sa~d p,o~,~?•or~ note a~d ~h:~
~,ortype ~ny w e~~hN. a~x) ~~d to~tf, charpes •nd expensa~. e~ch •nd wery. shafl b~ ~mmed~ately dve and psys6l~: whet?~er w not thera be nonce de '
msnd, ~trempt to mlkd or iuit p~nd~nq; and tM 1v11 amovm oi ~ach •nd wery such p~yment •hs~1 bea~ loreres~ from ~he da+e thereof ~nril p~~d a~ ~he
~.i~e of nine per cemum per ~nnum; arui ~II Nid tosts, cA~r9es ~nd exp~e~ei incurred p p~id, topether w~fh •uch ~nterest, sAall bs tecuied by the i~tn o} thi~
mwtQapt, - ,
6. TM1 In ths event of any breach ot this Alorrqap~ w de{ault on IFr part of the MORiGAGOR, a;b) in ~M evem any of i~~d ~wns oi monay
herein ro(en~d to M not prompNy ~nd (ully paid wi~h~n th~~~y (30) d~ys nea~ aher ~h~ zsme u~as!ly Z~etunee due and p~yable, w~~nout de,nand w nm~ce,
o~ (c) in tM wem e~ch ~nd every Ih~ stiputatiom, ~gr~erMnrs, cw~ditions and covensnts ot •a.d promiswry nme a~d th~s rr.or?p~e any a e~~her •re na
iuly. promptly ~nd tvlly p~rformed. d~uMryed, exec~red. ~ilected. comptet~d, compiied w~th •nd ~b~ded Sy. ~Mn in e~eher w•ny such svent Ih~ ~a~d a¢
,~rrg~t~ ~n m~n~qned in Nid prpm;up~y n~r~ then r~mainin9 unpaid. w~th intere~~ xcrued. u+d •;I rno~eys secured hcraby. ahalt txcorta dw •nd p~y
ab~e fw~hwith, w therea~~er, a1 ~M opr;on of said MORiGAGEE, af f~lly ard complecety •s if •if of the w~d sums o( money wer• o~~y~natly u~pu~a~rd
ro be pa~d on svch diy, anytA~ng in u.d promissay note w in fhis Mwtgage fo ~he cw++rary norwnhs~and~ng; and ~herevpon or thereaher at the op~~on o(
se:d MORTGAGEE, w;~hovt nonp a drma~d, svit a~ law a in puity, ~hereFo~t w there+irer bey~n, may be proucurcd as if aIl moneys ucured hereby
hnd rn~twed priW to ~t~ inslilutwtt.
7. Th~t in the evem that u the b~y;nn;ny o( o~ a~y ~;rr~ p~,~d;nq ~ny w~t upon ~h~s N.o.~gaye, a to fo.eclose it, a to relorm it, or to en(o.c~
peyment of ~ny clalms he~evndes, ~aid MpRTGAGEE sMN apply to tha Cour~ Mviny ~vr~sd~a+an thereof fw rhe appo~mmrnt o( a Rece~re~, suth Court shaii
fo<<hwi~h ~pppint • receiwr ol ~id martgayed property alt ~nd sinpular, intl~d,ng ~II and smguta~ the m.come, piofas, i~sues a~d revenues fram whetever
sou~ce dKived, e~cA ~nd every of whKh, it be~r~ •apreuly understood, is hereby mw~gaged a~ if spec~fKrlty ut Forth ind deur~bed i~ ~fie yrannr~g and
hebendum d~uses Aereof, u+d such Rcc~ive~ shali haw ~11 the b~oad •nd ef(ecerve funct~o~s and powc~s in ~ nyw~te entrufttd by • Cou!t to a Rccr~we., a•xl
s~ci+ appointme~H shall be made by luch Court ~f an admined equity ~nd a matter of absolute nyhl to sa3d MORIGAGEE, •~+d without relerence ro th~
adequ~cy o~ inad~quxy o1 thQ valw o/ the prpp~rty mprt9~y~d p~ ~o the w+vency or .nso+vency o} i~ld IAORIGAGOR a the deferxlantf, and Th~t such
re~rs, profits, income, issues ~nd rov~nwa ~hall b~ appi~ed by such Receiver ~ccord~nq ro th~ iien a equity of u~d MORTGAGEE and the prsce;ce of •~ch
Court.
, a. To dufy, p~omptty snd tully perfwm, d~scharge, e,~ecu~e, effect, complere, compt~ w~~h •nd abide by each and every the stipu:at;ons, agreementi.
cond~tions ~od covcn~nrs ~n sa~d promisso?y note ~nd th~s rn~r~gage wt iorth.
~ 9. ThH in the evenl th~ orrnership of tha mortgaqed prem~ses, or a~y par! tixreof, becemes vested in a per~n other tha~ the MORTGAGpR, the
I MpQTGAGEE, it~ s~,cceison •rxl au+yns, may, wirhw~ norice to ~he MORTGAOR, deal wi~A svch iocceasw o~ s~ccessw in inurest w~~h .rlerence eo th~s
~*.o~~9afle and the deul htrebr 3K~red '1n tht syne manner ~s with Nbrtgayor witfiput in any way vinatin9 W d±xha~g~ng the lAortyagori li~bility herr
~ndu w upon the debr hereby accured. No sale o( ~he Fr~m~ses hereby mortflaged •r.d no forbea~~nce on the psr~ oF fF,~ ?/1pR1GAGEE d iti s~cce~sor~
o+ ass~gns ar.d no earens~on ol ~he t~m~ for rhs paymenf pf the dcbf hereby secured yiven by 1he MORTGAGEE or i~~ succesye.s or ~ss:gni, ,S.atl opera~e
~o re!ease. d~xMr9e, rnod~fy chanqe w affett ths orp~n~l Gab~{~ty of ~he MORTGAGOR herein, eitFKr m whole w in part.
10. It is spec~fically sgreed fMt time i~ o( the csxnce of this contract ar+d tMt no waiv~r of any ob;sgarion Fxreunder a of the obliq~~~on se-
I c~~ed hereby shatl ~t ~ny ~im~ lhersaft~r b~ held to be a w•iver ot tAe f~~ms he?eot w of the inavumsnt aecured hetby.
11. In add,ran to ~he fw~go.nq mo~rhly payments o} princ pai ~n~! interest requi~td by the prorr ssory ro~e sec~red hereb~. mprtgngor covenanrs
, acd ayrees to psy ~o T.o,-tgigec w~th tach morohiy par•,•ent art ~dd~~ionsl ~um esnms~ed by mortyaget to be equal to 1; 12 of th~ annua! cost of she follo~v-
.n-~.
A-All r.al proFerty r~,~~ Irned o~ asuszcd apa~•~st thc abave desc•~~Fd rea~ estate.
$-Prem~ums on f~re ~nd •«utdstorm ~nWrance ~s herein reqwred Io be u.rird M rFK imr~pve•~e~rs ~irua~e o~ the above des`.r;~d prtmise~.
I C-Prem~~~^.s on nuch moregage gw~~nty ~nsu~a.~ce as mortgagee ~hatl from ~ me To umr deern fn to carry oe the toan secured herrby.
Mortgagee sra't from nTe to nme nordy monyago+ in writing of the a+~ou~? d~e and payable hero~nder and suth~ shail ~her~upon be dve and
;~~abla on the due d~te of ths neit monthiy payment •nd exh successive month there~ffrr ~ntil mortpapee thatl notity mortgagp~ of a cher~e in ~~ch
I~I +^~ount. $uch svms sl~aif be appl,ed i,y martgspee to+.ard the p~ym~nt of real p~operty ta¦es, msurance p~cn.ums, and mortgage gua~enty in~uronce
;~•em,iums. •
I IN WIINE55 iNHfREOF, she ssid MORTGAGOR has hereunto xt his hand and se~l the dap snd ear fint eiwesaid.
i Sipned. S~aled •r+d delivered in tlK pr~senu o(:
I
- ~ t IZ~/ • p tt +Q
i 1 (SlJI~
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( _ / ' _ l5lA~]
I . ! , ~5lat~
~ SiATE Of FLORIDA
~ cour~Tr oF _ St . LuCie ~ u'
befwe me personally ~ppsarcd i,arry G. Platt ar.d
~ Mary J. Pldtt _ h~s wiie, to me we~l knawn and k~own b me to be •
the ind~vidwls deuribed in and who ~xecuted fhe forepoiny irutrumsm, ~nd scknowledged befwe me that they executcd the same io? the purposes
~ the~e~n e:p~essed. Md the •aid Marv -J. Platt
!
! +.~se of ths said _ 1~IZV C Platt ~„pon a sepa~~te and priwte
' e.am~nstwn by me t~ien separate •~d ~part (rom her sa;d husband, +ckrawtedged to end be~ore me that she executed sa~d instrumem free:y and volvrr
r~~,~y +nd w~~iw~t any comEwlswn, consnaint. ~ppreh~ns~on, a feu of w(rom he~ u;d husband.
~ Zsth
! WIINESS my Mnd and offici~l se~l this _ d~y of April A. D. 19 77
I / ~ / • {
~
tJotary Pe I~c in ~nd (w the State of Fbrida •t luye
Reruro To: N?Y Comm.aiion e~cpres:
Ffrst fedenl Savings 6 loan /lssxiat:on •
Of forr Prrcr. i''M-' ~ ~
fort P~erce. Floricis t::, ~ ~ Ti. 1?7 '•:,y 8 / .
Niy Comr~ s.:~n i.<~ ..:•s Av? ~i! 7:~ '
' ~ ~ /un~ticaa Fir~ ~ G+s~wlt~ a" " :iS: .v7 • . _
, 'r `.'~i, C~ • • -
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I LEO ANO IIECORDEp ' " ~ ~ ~b ' . _
This Instrument Prepared By ~rY R. 8111iI00d i~.WCIE CQUNTr fu. -~9.~.J
f~rst Federal Savings 8 loan Association ROCER ~OIIRAS ~
' of Fort Pierce _ ~~~pf Ci~CU1T CCUR1 -
Fort Pierce, Florida 33450 ~~~~'f~EO n~''~>>~~'
~h~cked BY ~ - .~~R Zl 9 ~3 aN ~1~
~287 ~ 748 ~~is
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