HomeMy WebLinkAbout0907 .~I. TO p1K~ •nd conNnuo~+ly ?Np on tM b~+~'d~np• ~ww a Mr~~U~~ u?uN~ or sa~d I~nd ~.~d on ~C eq~~~,me~~ em1 p~rw~~ily cow~ed by +hi~ maeq-
~qs. wdA dl p~~m:wR~ ~ha~eon pad ,n lufl, h~~ ~nsw~nc~ ~n ~M vw~l ?t~e+d~rd poti~y 1orm. m• swn +yWo.ed b~ N~t MURiGAlikE. and w~«d~~wm
~nwr~rl(~ in tM WWI ~~~,.Jud po~ay fa~+, io • wm ~pp~ovd by tM MORIGAGEf. in ~~ch con,p~„y a comp~n~t~ ~s ~~u MOR(C,AGEE ma~
duKt~ aed alf fir• •nd w~nil~~orm ~ewr~~u polaws on ~ny ol N~d bu~?d~+pf. ~Ay ~~ll~r~fl IAt~~M Of pa.~ thereuL ~o ~M ~pp~e9~rs ~„m ~Iv~r~,~d a
ir~ •~t~u IMr~ol, ~h~ll ca~~a~~ tM uw~1 a~~~xlaid ma?ypN dwN w~uch otha t~~uw ~M Mtx~Q~q~~ m~Y ~eV~~r~. ma?~rq tM ~ou un~ ~~~d po~i-
c~a, tacA ~nd evNy. P~y~b~~ w sa~d +NORIGAGEE n~n ~m~ro~l m~y ~pp~a. ~nd ~~th a~d ~very wth poi~c/ ~h~cl G p~ompny •u9•.ed u•d d~~~.cr~d ~o r. "
•ny h~ld by N~d MORIGAGEE IurtMr aeeu.~ty ~o u~d m~~y~~ tMb1. ~~d, rw~ I~u +Mn +~n (t0? d•ys i~ ~d.~~~u oi ~i,~ •+p~ut~o++ of ssch po~Ky. ~o d~•
I,~~r 10 f~id Mt7RfGA('iEE • tenewN tM~~o1, /opNAN w.lh • rK~~p~ lor IM p~~mwm o) iv~h r~ne«~I: •nd IheN ~hsfi f~t no f~t! or w«~d~~or~n ~nsW~~ct ~
plnc~d on a+y ol said bv~~d~n~~. ~ny imeie~l tl,s~~~n w pa~t tMrwf. unlea tn 1M to~m and wdA ~M io?f par•~~e u•twesud: •nd in ~M eYen1 •ny sum
of nwn~y becpm~f P~yable und~r ~~,ch po~icr a po1Ki~~ sud MORTGAGEE ~h~ll Mw ~M op~~on to ~eceive •nd appty th~ t~~,~~ oo •ccoun~ o( t?~e i~ulrG~ed-
n.a ?ecwed Mr~by w b pe~mft ~a~d MORiGAGORS ~o iec~iw ~~d uw i~ a•ny per~ ~hercof for on,~. ~.ur; otrs. ,,nt...n i~,.,. ti~,., ~ ~ u~••,,,..~..
~ng ~ny aqu~ty, I~en o? rwM undN a by vi.rw ol ~Aii morr~~p~: ~nd in ~!w ~vM~ ~a~d MORiGAGORS ~Mll !a ~~y re~sw+ I~il to kceP ~he s•;d pa~.scti so
~~~iured, w fa~l ro del~ve. p~o.npdy ~ny oi s,?~d po~K~es o( insur~nc~ ~o N~d MORTGAGEE, w fad promprly +o wy +~~ty a~y p~e•~~~::~n ~herelw o~ a•~v
~e~pcct lafl to pe~lorm, d~scMrp~, ~xecW~, ~Hec~, complel~, tomp~y wNh ~nd ab~ by ~h~i coveoan~, w any par~ ha~eol, ~e~d MC~21''~AGEE m~y p~ce s d
pey fw ~ueh in~wanc~ or ~ny pan eM~eof without w~iv~~ or ~fl~dlnp ~ey op~ion. IiM, pu~ty. or nyh~ unde. a b~r vi~~w of ~h~s Mo~fqa~e. •nd ehc
f~tl ~mounl ol t~ch a~d •vay sucA paym~nl sMll b~ ~mmedi~tdy dw and pay~bl~ u+d fhilt ~~r im~reit from fM d~~~ Ihe~co! un+il pd~d ~1 Ihe ra~e ol
n~ne per centum pe~ ~nnum ~nd togetha~ w~~h ~uch interest ~ha11 b~ tecured bY ~M 1~ of thi~ matyaqe. "
1o p~rmit, ca~~~ a wtln no wnq. impairmeM a d~terioration of s~id p+opaty a ~ny pNt tM.wf.
S. To paY alt ~nd tinyul~r tM cwt~, ch~rph u+d ~xp~mes, ~ocl~dinp • ~~~son+bk ~naneY i!ee and co~ra ol ebfv~ct• o( t~~te. ~~cuned o~ p~~d •t
a+.y rime by w.d MORIGAGfE, bcauH a in ~he event of tM failur~ on tM p+~t oI tM s~~d MORTGAGOR ~o d~+lY. Wa^V~~Y +^d f~~~v v~~fo~m, d~xharqe
rxec~f~. ~fl~ci, compk~e. compty w~th ~nd ~b:d~ by ~ach W+d ~v~ryr the ~tipulatan~. presmentti cond~~~w+s. ~r~d cov~nann o( ~~d p~an~swry ~ot~ ar.d ~?w
>>or:gap~ ~ny o~ e~~he~. and ?a~d cosh. charyes •nd eRpentes, eath and wery, ~h~ll bt immed~~tely dua •~d p~y~b~r, whefher a ~ot the~• be no~~ce dr
mand. ~tt~mpt ~o collett a~uit pe~d;~+g; and tht full amount of tach a~d erery wch p~ym~o1 sh~N b~~, ~neere~~ ~~an ~he date tlurrof until pa~d a~ ~i~e
,.,re o~ mne pe~ centum ~r a~v~um; a~x! •11 ~id co~tt. tharQei ~nd exptnses incurted w p~~d. toyether w~th fuch im~reil. ~hsll be.Nt~red Ey tM i~en of ~h~f
ma~ t9s~~.
6. That {a) in tl+e event of any b~eath ot this klwtgp~ or dafauU on t!r parf ot the MOR~GAGOR. p ibf ~n 1M evsm •ny of sa'd w~ of money
here~n rele~r~d ~o ba nol pea~~pdy •nd fully ps~d within Ih~rry (30) d~ya ne~t af~cr the ssme acrera:lr be:ome due •nd payaLle, wahov~ dcrosr.d o~ no~~ce.
cr ;c? in tM wem eacA ~nd evsry ~fie ~tipvt~iiwn. ~g~e~menn, ca+d~tions and covenants oI sa;d p~om~ssory note ~.~d th:s mc~tgaye any o. e~~her ere no~
fv~v. prompriy ~~d fuHy parlwmed. d~xMrfled, executed, df~tted. compt~ted, tomplied w~tl+ •nd ib~ded Sy. ~FKn in ~~+her w arty auch ev~nt the ta~d ag.
gregate ~um memwned ~n uid promisw~y note tF~e~ remaini~p unp~id. with inq~es~ ~ccrusd. and •ii monevs secured he~eby. fhetl becoma dw and Wy
eo r forthwith, w ihe~ea(~e~, al ~he option of s+id MORiGAGEE, as fuUy and comple~e~y as il sll of +},e sa:d ~ums ol money were ong~na~fy s~~pu.urd
ro nr pa~d on such dey, anythinp in ad.d p.an~?swy nota or in this Malyage to tM co~n~ry notrv~rhsuad~~~g; a~td tFQrr~pon a theres+ter at the op~.~n o(
ti.,.:.t MORiGAGEE, w~+~ovt cwuce or demand, suit st t~w w in pwty, Iher~Fort w ~hereaher lxy~n, may be prosFCU~ed ~s ~i ail mor~eys uc~~ed hereb~
r.,d metuted pr~0~ /0 Qt inftdutwn-
7. That in the even~ thu ~1 the beginn~np of a~t any time pendinq ~ny tuit upon this Mo~tgage, o. to iqecloae it, or to ~eform i~, or to en(orce
s•~r~*+e~t ol any da~ms hercunder, aa~d AM1ORTGAGEf shatt apply to the Covn havfnq ~unsd~a~on ~hereof lo~ the appo~nt~nent of a Recaver, sucA Co~n shail
Fwrhw~th appo~M • rrceiver o~ seid malya9ed property •11 ~nd ~irgvlu, inctud.ng a~~ and s~~gu~a~ ~he ~ncome, p~ofits, iss~es and reven~e~ f~om wh,~ever
~;;u~ce derived, each end svc~y o( whKh, i~ beup expressly unden~ood, if I+ereby mortgeged as ~f ipec.fiuUy te~ (ath and dex.~txd in the fl~an~+ng and
he!xndum clavses he~eof, and such Rec~iver thalt Mve alt Ihe broad and ef(ective tunct~ons and powees in tnyw~se eMrusted by • Cou~t to • Receiver, a•.d
~~ch appointment s~s1~ be made by such Court as +n admined equity ~nd ~ m+tte~ of abaol~te righe ?o ssid MORiGAGEE, and w~thout ~efe.ence to 1he
edeq~aty w inadtqu~cy of the v~1ve of the p~operty mptga9ed or to the Wwenty or ~nso~vency ol sa+d MORiGAGOR or the defend~ntt, a~+d thet s~th
•e~~s, pro(its, income, ~ssues and revenuet shall b~ apptted by iuch Receivn ~ccord~ny io ~he Iien oe puity o1 wfd MORTGAGEE end the prauke o{ auch
Co~n.
B. To dvty, promprfy ~nd fufly parfwm, dischar9e, e¦ecute, eflect, complete, comp7y w~th and ~bide by each end every the stipulations, yreements,
co~dtr~ons and coven~nrs =n sud prom+sswy not~ ~nd th~s matpsg~ xt fa~h.
9. That in ~he e~.ene the ow~ership o( rhe mortga9ed premises. or ~ny part (hercof, betomes vestetl in a person cther than the MORT~AGpR. the
Y~RTGAGfi, i!s ~uccessws and sss~pnf, may, without not~ce to ~he MORTGAOR. de+~ w~th such successp? w su<crnsw in ~merest w+th ~eference to »rs
r~gege and the d_~bt ?:c~eby secured in tM ume msnner ss with Nbrt9asor without in a~y way viliati~ or dncRug~+.g ~he hto.~flegc:i t+ab~l~ty he~r
.r:~d•:r a upon the debt hcr~Gy secwed. No sak of the premisef he~~by matyaped ~nd no 1or~ar~ete on the p~n oi Ihe MpRTGAGEE o~ ~~f successvn
cr e+s~3~s and no ea~e~von ot the hme tor the. paymcnl o~ ths debt hereby sKured yiven by lhe MOR7GAGEE or ~n auccesiws o? ass gnf, st~~ll operote
~o r~ rase. d~scha~ye, mod~fy chanys a aftect th~ o~ig~n~l Iiab~Gty of the IKORIGAGOR here~n, e~tMr in whole or in put.
10. It is speuf~cslly eg~eed ths~ time is of the estence of Ihis cont?~ct and tMt no w+iver of any ob~~yario~ hereunder a o( the obtiflstion sr
.:red he~eby shs:~ st any tirrw thereehn b~ hcld to bs a wawef of tM f~rms hereof w of the instrvmenl secured herby.
11. In add+:o~ To ~F.c iorego:r.g mo~thly payments o4'princpal and inte~e?~ requ~red by tfie prom;ssc+y no~e securcd hereby. ~norlt~igor covenenr~
. a}~ees to pey ~o ~ro~ryagre ~+.~ih esch ~ronrh'y pay~:~ent an ~dd~r;onil svm est:mared by ma~gigee to be equal ~o 12 of fhe dflt~l.A~ coas of the foi~a.v-
;
A-A!! reai ~,cope.sy ta.~a te~+ed o. asscs~~•d aqa;•~st the above described real esretr. ~
'i
B~P~~tm~ymi on fire and w~nd:ro~m mwrarce as he~e~n requ.red to be cani:d on the ,mprovements s~evate on eht sbo~.t desv~ted p~cmises.
~ C-Premiums o'+ wch ~~o~tg.,ge yutr~nty infuNnte as ~+o~tgage! thall from t~mt to ~~me deem 1it to csr~y on the ban sec~red hereb~-
t~.o.tgagee s!~a't frwn i~me ro~?~mc no~~(y Tortgeqor in wrn~np of the anwu~t d~e and payable hereundrr ~nd s~ch w-n shall thcrcupan be due and
, a:;'e o~ the d~e eia!. ef rhe ne~t monlhEy payment and eech succestiva month theresEeer ureil mongagee shati not~fy mo~rgagor of a tfiange m wch
Such s~^sa sPe ~ e,e aN~.`~ed by mortgsgee rowa~d the p~yment of real property taxes, insurance prEm.ums, •~d mortyage g~aranty mwronce
. :.,ms.
IN WiiNESS '::N~REOF, ~ne sa~d MORTGAG~R has hereunto set his hand ar+d seal the day s~d year f;rot s[oresa~d.
Ilj Si9ned. Sealed ar.d dtinered in ths p?esenct of: ( C\ d
~ ~ .~...y~ o~Jt1~v
~ $!~I)
_ - • !
$!A1)
i Tlg 9
Ses1i
I j_ ($ta{l
~I -_`~6~~ ,
i
! :'%.tE OF ftOR10A 1 •
~ ';->;J'iTY OF S t~ Lll C_~ ~ ~ ~
Be(ae me person~:l/ appeered norothy ~'1• Anderson, a sinp,le BCjUlt ~
~ hiLyy(t. 1o me we11 known end knovfn t0 me to be
i !ne rndrvidwts desu~bed in •nd who •xecuted the faepoiny in~trument, ~nd acknowledged betwe ma tMt they executed the same for the purposes
i t~.,ein exp~essed. ooctJhiJai~------- -
i •f-~i.e~+w~ - - - - - ~ir r ~psnre ~~H~p~ISSA
i ~~,~~'.t'„ ~ i~ie~ ~~~e~~d.~+rti.f~aw~rs~M~,~brd anr i~f~r~.w~li~a~? ~ ww~t~d-s~+i:w~.wew~~ire~iy~w~MOir~r
! lac~yi i~i..rrWorLa~y. ~ra.p.r3r~rti. ~r~erv. M*r~L~rrrw ~a.fw ~i.w 1nrw~l»i-Mii ~wb~wr.
~ ~IVIiNESS my hand sod o4f;c;at xet tfiis_ ~ day oF A r i 1 A_ D. 19~
,
' Nota?y Publ~c ' a a•tlx State oF Fiorid• at luye
My Comro~ss' expues: r_ Stvte of Fkc:!n o~ t~r3e
Return So: Ho1o*Y P'~ .
~int federai Sar~ngs 8 toan Assouat~on µy C~,~t,;ss+oaERy~rrs lviy 4-. l9~7
Of Gort V.erce 36441'7 Mnd~d bY /4*Kriea++ Fin ~ Co~e:.ty Co.
iort P~cr:e, Flcnda
~ ~ r
This Instrumenf Prepared By ~T. Hal Roberta, Jr. .L `
~ rst Federal Savings & loan Association c^- •
' of Fo~t P~erce fllf0 ANO qECqRDED ~ "
' Fort Pierce, florida 33450 =T• LUGE COUNTY F14. = 1-' ,
1lOCER PpITRAS " ~ _
i~' G~ f°~ ~~RCUIT CCLRt _ J
:.ked By --------J-- - • : ~ ~~FIED~ , " •
AP~ 1l 2 49 PN'7~
s~~6'1 9C5 :f ~t
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