HomeMy WebLinkAbout0915 To pt~c~ ~nd <o~~~nvousi~ ?s~P on da bvi:d~~p~ rww a Mr••f~•~ Ww•a oe~ .•~d iw+d •~d o~ ~L' equ~y~nent •nd p~~wn~liy tor~ied bY fh:? mat9.
p~. wi~h ~il prert~~we~t fhe+:a+ p+.d ~n ivN. fii• ~~~u~ant• in lM+~ u~w1 ~t~rdird poircY iam. in • fum ~py~o+ed bj fM MUk~Ci%.GEF. •nd w~~xlf~Q~M
fnfur~oc~ ie IM ufwl ~t~nd~~d pol.cy lo~m, ie • fvm ~p{uov~d by IM MORTGAGEE, in Wch cor.~p•ny o~ ca~~µ~me~ ~M MOR1GAGfE m~y
d~reut and ~11 K~• ~nd w+ndsa.m insv.~nu pOiKN~ on ~ny ol N~d bwrd.nq~, ~ny tnaresl ~M~~~n or p+r~ ~Mrool, ~M ~44~~9~1t Wm '?a'N'd
1~ ~YCt~s th~.~of, ~MII Som~~~ ~M uiu.l •~u+dud mo~~qyM d~uf~ a~ucA o~hN N~vN ~M Ma~p~9M m~y ~ea~.r~. m~Gnp ~M ~os~ unde~ se:d pW~
c~. NcA ud •vay. p~r~bi~ ro~~~d AM7RIGAGEE ~f ~t~ M~~a~t rn~y ~pp~a~. ~nd t~eA ~nd we.r ~vch Fo~,c,r ~h~il b~ pomPUy au pr~ed •~.d dei~.e~sd ~o
•n~ MW bY a~d MORIGAGEE ~s iur~har security W s~~d mat9p~ d~b1. ~nd. not 1+a tMn tsn t101 d+y~ i~ ad~anc~ of •ap~~~?~on ol e~ch poi,cY. to d~-
~rv~r lo Nid MORIGAGtE a r~new~l tMr~of, top~~l~p witA • hc~~p1 fw IM p~~miuT ol avth ~~rwN~l; ~nd ~her~ ~hail b~ no fir• or w,.Kluorm inw~~~c• ~
pl~cad on ~ny oi ~aid b~,ild~np~. ~nr iot~~e~~ N~er~in a par? ~h~r~ot, vn1~~~ in tM 1am ~~d w~~h ~h~ lo~s p~y~b1~ ~a afws~~~d: •nd in ~M t~enf ~ny, aum
ol nw.»y b~come~ par+b!e uader wcA policy o~ pol+cNS NW MOR~GAGEE iMtt Mw ~M opt~pn 10 rKaive .nd •pply ~M wma on •cco~m o~ the i~debeed•
nsu wcw~d haeby or ~o pe~m~t Hfd MORiGAGORS ro rec~iv~ ~nd us~ il a•ny paft thucol lor o~n.•r ~w~,:o+e~. ~•.,~ho-,f ~h-••. ~r N~~~~ ~•~~v~~'-
~^9 u+Y W~~h• 1~~^ « rpht undar a by vir~w of ~his ~:yap~j ~nd in tM ~wn~ u~d MORTGAGORS ~f~atl 1w ~ny ~~s:oo i~il ~o ke~p ~M s+~d p~~~~us w
~niur~d. w f•~t ~o dei~rer aa~•N~i~ ~ny ol said polKi~s oi in~ur~nu ro u~d MORiGAGEE. a ta~t P,omN~iy ro p~y F„~ty •ny prtm,~m dx~efo. a~n •~y
~e~pect (ail b p~rlo~en, d,scharq~, •secufe, d~~c1. canpiet~, compiy wi~h ~nd ~bid~ by th~s torenani, or ~ny pen ha~eol, ~.,d Mu~ic',AGEE m•y p:ace a~ o
pay (or tuch Insuru~c~ a a~y parl tM~~ol w~t!?ou/ w~ivirq a•f(Klinp any op~ion, IiM, puiiy, a r:yF~t under or bI virtut o( ~hts Mar0~9~. ~nd ~he
-4,,11 ~mount of e~cA ~nd tvay ~~cA payment sMtl b~ immedi~t~ly dw ~~d py~bN ~nd tMll bsa+ inqre~~ (rom ~M d.?e ~hereof vnt~l pa.d at ~M ra~~ of
rnrx pN cenrum p~r annum ~nd toge~htrr wiib auc?~ in~ares~ ihatl ba secur~d 6y tM l'wn ot this mortyp~.
t. To pami~. comm;t or wf(~r no wut~. imp~i~ment a d~urior~tion ot uid popaty a+n~ PaA ~he~eot.
S. To p~y ~11 and sinqutw tM cwts. cMrQq and ~:p~nsef. ~ntludinp • ra~son~bb ~ttaney i fe~ a~d cosh of ~bstr~cb of tirte. ~ncuned o~ ps~d
any ~~me by sa~d MORiGAGEE. b~c~us~ u ie tha ~v~nt of t1a iaiiv~~ on ~M p+r~ of ~he s~id MORTGAGOR ro duty. prw..pNy ~nd }u~ly ~,a~fam. d~xh~rg~.
r.ec~w. •tfect, compler~. canply wuh ~nd ab,d~ by ~ach ~nd ~wry IiN stiput~twn~, ayre~menq. cor+d~tam. ~nd cow~anla o( sa~d p~omistiory note ~nd ~h:s
':orr9~pe ~~y or e~~her, ~nd se:d cosn. cha~yes •nd ~,cpe~si~, ~~ch ~nd ~very, sMll b~ imn+ed~+~e~y du~ •nd payab!a; whether or not ~he~e bs no~~ce ds
mand. tltsmpt to cos~ed u w~f pend~ry; ~nd tM (ull amounl o} e~th ~nd werY s++tA P+ymem ~lul{ b~ar ~roeres~ from ~he daee 1he.eoi u~rit p~~d ar rhe
+e~e oF n;r» pe. centvm ~,e~ an~~u~n; a~~d ~II iaid c~sb, charye~ ~~+d erp~nse~ inwrrad a paid, toyether w~th suth ~nteresl. shall be sec~red bY i.en ol th~~
morega~.
b, Thal (a~ 1n the went of anY brtach o( ehis Mwtyp~ w dsiwN on tF~ psrt of tfie MQRTGAGpR, a{b) in tha event ~ny of srd wms of money
herein t~(an~d to bv not prompety •nd fvlly pa~d wi~hin fhuty (30) d~ys ~e~~ ~f~e~ the s~me serer~!ty become due •nd p~~ab!e, w~thouf dcmand or noi~ce.
cr (c) in the ereot eacfi and every ~he supulations. ~greement~. cond~Tbns ~nd coven~nta ot ~a,d prom~swry not~ and th~~ mor~yape any w e~~her are not
iv~y. promprly a~d fully perlwmed. d.uM~ged. exec~ted. •~~Ktfd. comp~eted. compl~ed w~th and a6~ded 5Y. tMn in e<<her or ~ny such ~ven~ tl~s sa,d ~g-
qregat~ wm mentqrxd in s~~d promisfory nOts then nmaininp unp~id, with int~r~~l ~ccrued, and all morkys secur~d htreby. shall bacome dw •nd p~y~
ab c iw~hwitA, w thereelter, et tM opnon of ae~d MORTGAGEE. N(utty ~nd compleu~y s~ i1 •11 of the so~d w~ns of money were a~y~natly fhp~:~ted
~o be p+i~d on iuch day, ~ny~h~ny in sa.d pr«n~uo+y note or in fhi~ Morty~pe ro the canvary norwuhsund~ng; and ~hereupon a Ihere~fror at rhe opt~a~ of
se:d MORTGAGEE, w~~ho~t nos.ce a demarxl, ~wt ~t law w in ~qwty, thereiws or there~iter beyun, may be prouwted as if ~tl mooeyf ~ecur~d hereb~
r.3d m~W~ed pr~w 10 ~ts insn~urqn.
7. TMt in the ere~t ri~~l ~t the beyin~irq of or at ~ny IirrN pe~di~ ~ny su~t vpon thif Mwtpsye, a to forecloie it, or to re(wm if, w to enforc~
paiment ol iny c~a~.na hcTeunder, wid MORTGAGEE sh~Il ~pply to the Court havinp jv~hd~c~son ~hereof fa ~he ~ppo~ntme~~ of • Recaver, such Cuurf sha~i
forthwith ~ppoint a receiver ol ssid morrgaqed properfY •11 ~nd sir~yul~r, includ~ng •II •nd f~ngular tf~e income. p~oi.ts, issues and ~evcnyes irom w6atevr.
~ou~ce de~ired. e+ch ~nd eve~y of wh~ch, it be~ny expre~sty unden~ood. is hereby mong~ged ~t if apec~I~caity se? fw~h and dewibed in the prane~n9 and
Aebendum clwxs hereof, •nd such Receiver shatt have ths b~oad ~nd ellactive iuna.on~ and powa• in anyw~?e entwaud by a Cou~t ro• Rece~~er, er•d
a~ch sppoiotme~~t sA+~l trc made by such Court as ~n ~dmined equity ~nd a manm ol ~bwlv~e riyht to u~d MORIGAGEE, ~•~d w~thovt ~e(ere~e to Ihe
ndequacy or ~r+sdequaty of tfie value oi tFro p~operty mwtpaged or to the wivency o~ ~nso!venty ol u~d MORfGAGOR a tlx detendants, •nd ehaf wch
re~ts, prolit~, income, iss~es and revenues sMll b~ applied by tuth RKeiver ~ccord~rq to ti+e lien a equity of uid MORTGAGEE ~nd she pract~ce oi »,cA
Court.
8. To du!y, promptfy a~+d fulty perform, d~icMrye, e:ecuts, e~fect, co~.~plete, comp~y with and abide by e~ch •nd eve~y ~he st~putat~ons, s9reemenfs,
condition! and eovcnsne~ m ~~~d pomhsay nott u+d ti~is morlqag~ se~ fatR.
9. That in ~he e~em ~he owner~l?Jp of ~he mortfla9ed prem~ses, o~ •ny part thercol, becomes ve:ted in a pe~son o~he~ than ~he N10RTGAGOR, ~he
,'ORTGAGEE, its avccessas and auqns, may, wirhput nohce to Ihe MORIGAOR, deel w~~h ~uch wcusaor a s~cce~so~ ~n ~ntereat wnh refere~ce to th~s
c'+9sfle ~~~d the deb~ ?,r~eby r_cured in tFee tame manner ~t with Mo~~9por w;ihovt in ~ny wsy viLatin9 w d~xha~g~ng the IJlorrgegors liabi;~~y here
drr or u{wn ehe debr tKriby iecv~cd. No sal~ of the prsmisss hereby Mor~q+9ed +nd no fwbe~r~nc~ on the p~rt o1 sns MORiGAGfE or ity iuccrssxs
;r au~gns and ~o e:fe~s+on of the ume f« tl+s payment of 1he deW hereby fecured p~ven b~.IM MORTGAGfE or irs successws or au.9ns, at,a~t oFerate
~o re+e~s~, d~scharge, mcd~iy ch~n9s a•ffM tM orifl~nd liabil~ty of the MORTGAGOR htreio, tithrr in whole w in part.
10. It is spec~ficei~y ag.ecd that fime is of the essence of this contrad +nd tMt no waiver oi any obUya+~o~ hereunder w o! the obl~guion ar
c~~~ed hereby sM`t ai any ~„m thc~caf+N be hcld to be • waiva of the tKma ht?eof a oi tM iasuwnent sscu~ed he+by. ~
l l. In add ~~u~ 'o rhe fwegc ng monthiy paymmtf of p.int p~l and imerest rtqu~red by the p~om`swry ~w~e secured he:eb~, mo~tgagor covenanb
J a3rees ro psy io ~::,-'~agee •~~T?+ eeth mo~rh;y parrr.ent an add~~~o~d fum cif~n:ared by morrgsgee to be equa; ~0 1,'12 of thc annua! Coit Of 1Fv fo:Ro«-
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A-AU rea~ pwpe~~y ~e.>s 1ev~ed a. assested aga~~at the ~bove dex~bed real e?tate.
i B-Pr~•m~u^+s on /~re and w+nds~o+m insu.acce •s he~an reqv~red to be urried o~ the imp~oveme~t~ situale on *fie above desu~hed p~em;ses.
! C-Pre~n:u~~s on wch mortgjgc gw~an?y ~n~urar,~e as mortgagee shaJ frwn t~me to t~m.e deem fit to carry on the toan secwed hereb{. •
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Morrgagee sho'! frcm ~~~ne to fime no~ify mortgagor m writ~nD o~ ~ht amounl due and payable hertunder and ~uch sum shafl therevpon be due er.d
,.~'~'e on the due dare of ~he ~~e:r monthiy paymem a~d each succesa~re mnnrh thercafter ur.td mortgagee sha~i not,ty mongagor of e charye in such
•:,nr. Such w~.^.s sF,:1 ~e a;:N`ied i.y morrgagee toward the paymenf of resl property taxes, insurance p~em.ums, a~d mo+tgage gva~anty insuronce
li
, . -,ums.
i IN WtTP~ES1 ':JHERi.OF, the said MORTGAG(3R hss h~reuroo ut 6is hand and seal tfie day a sr first e
S~gned. Seated •nd deiiYer~d in ~he presence ol: j~'
~ " ?~Q~. +`l
- c ae rsQn
, u~~2--------
' - - - (se.r,
j - nne e r s on .
ts~,.~
~ •
~
' S"%. ~ E Of fLOR1DA t •
~ ~J~!:TY OF St. Lucie ~ ~
~ -
f eefue me penonaCy appeared a e 1 J• Po a rs on and
~ Anna__,~ PeQrson his wile, to me wdl kncwn a~d known to me to bs
1 individva{~ desc,~eed in ~nd who fl[KU1Ed the fwa9oirg instwrt+~nt, and ~cknow~edped beFwe m~ that they e:ccuted the same fw the purpose~
t ex~~~a A„~ ,a;a~-~ Anna J. Pearson _
~ ..iDe af the uid --------~-.l~~~J. Pearson upon a separ~te and p+ivate
'E •:.T: na~~on by me raien upa~ate a~d apert from her s~id hwband, ~dcrwwledyed ~o •nd before rrw that ahe executed uid instru~ent trce:y and vo~urr
E .,y and w,tfiout sny com~,u!sron, constro~n?, ~ppreF?~ns;~a f~u of d f~om FKr wid husband. -~7
~ WI~NESS my hand end off~c~a1 ~eal this_ ~6 day oi A ril ~ A. D. 19~
i
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Notary Cub~ic in f ihe Statt of fbrida at Lary~
MY Comm~uion xpue~(plory ?w~ Ilc, SMN ~ HO~IJ~ ~1 Lar~
Rer~rn io: , /y1y Conr.c.nsior. ExFite~ )viy 22, 19T7
F:rst federal Sa~rings 8 loan Assoc~at~o~ ~ ~ a~ri~ ~~~w~~r
Of ~c•t Va~cF
ro„ P.r,~c. F~~,.~n VV~29
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rhis Instrument Prepared By.T. Ha1 Roberts, .T2`. • •
F~rst Federal Savings 8 Loan Association i1~0ANO ^E~OR~EO t-_
of Fort P~erce St. IUCIE COUMT~ F14.
Forf Pierce, Florida 33450 . AOCER PQITRAS '7' ~ ~ - ~
f ~lK CiRCUIt COUR' ' r
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_ _ked By . - - I ~ • ~ ~i„ ~ .
~~~4 Z~ ? So PM'77 ~
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