HomeMy WebLinkAbout0150 To ptace end continuowty keep o~ the lw~:Jngs now o~ Mra~ir~~ ~:tuAl~ Or f~~d i~~x! and on aii eq~~~p~neni a~ d person~lly cove~rd by ~his mo~?g•
~gs, w~th ~II premwms ~hercon ~w~d ~n iutl, fne in~ur~nce ~n i1N ufual ~t~~dard po+~cy (am, in a sum epNr~vad by ihe MC~R~vAGEE, e~~d w~nJsro~m
infuraoce in Ihe utwl f~ande~d po~:ty form, in ~ sum ~pp~ovad by ~M MORiGAGEE, in iutl~ comp~~~y or co:n~:art~es as 1ha MORic,AGEE may
dfnK1; and all lirs and w~ndato~m infvraot~ pohaes on any of fs~d twiid.ngf, ~ny iM~re~? the~e+n or part thc~eoi, in the ~ggrrgate tum i+Gfl3~~f~ or
in ~xc~u Ihereof, aMq co~ta~n the uivel s~+~~dard ma~geqee d+ua~ o~ such e~he~ cl~we ~f tM Mo~tqeyee may rnq~.ro, ma~~ny ~he ~os~ under s,~d polF
u~s, each and eve.y, payaL:a to sa~J MORTGAGEE as ~~s interrit may ~ppea~, ~nd esch ~~d •very such po~~c~ !hdll be proinptly assgnrJ a.~d do~~~arcd ~o
•ny Mld by sa~d MORfGAGEE ~s (unher tetu~ify ~o ia~d mw~yay~ debt. •nd, not tef~ ~Mn ~en (101 day in ad~snce of ~t~e eap~rat~on of each po!~cy, to dt .
fve~ to ~sld MORTGAGEE a renewel thereot, toye~6er w~th a rete~pl fw the premium of ivch ~enewsl; end ~he~e ahall be no i:~e o~ w+~~duo•~~ i~surance • •
pl~ted on ~ny of sa~d bu~id~ngs, ~ny intereit the~e~n or p~rt 1Mreof, u~te~~ in ~he (orm and with the !osa payeL:r as efo.ese~d; and ~n ?he e~nnt a~y sum
of money becomef payabl~ ~ncfe? wch policy w poGcies ~aid MORTGAGEE fhall haw ~he ophon to rrceive and appty the se~ne on eccoum of ~hr indc:.~~•d-
neu secured hereby or to permi~ ~~~d MORTGAGORS lo reteive and utt it o~ any part thereuf Icr osh• r i.ur~ csrs. ~i,-.~n ~h,~..~, • ~ :.r
~~g any equrty, lien w Ngh~ under a by virew? of this mort9w~; and i~ tM srem ~a~d MORTGAGORS ~hatl fw any reawn fait to keep ihe sa~d premurs so
~niured, w lail fo de~~.er pranpHy eny o! sa~d polKrcs oi insurante to sa~d MORiGAGEE, o~ f~i! promptty 1o pay fu~;y any p~,~n~..m ~herefor or ~n a~y
respect fail 1o pe~form, d~acheiye, e~ecute, effetl, complete, comply with and abide by th:s covenant, or any parf hrreof, s.~~d MvRTvAG~E may p~ace a d
pay fw t~ch insurence a sny parl ~hereof w~thou~ waivi~~ w•ftetlinp •ny option, tien, equ~ty, or ~~g6f under w b~/ vutve of rh:s Mc~~gaye, ar.d thc '
f~Il amount of each and eve~y such payment shall be imrn~diete~y dw and payable •nd thall bear interest (rom tha date ~hereof until pa~d a~ the rote ot
.,~ne per canrum per ann~a~ and togrrtKr w~+h such in+e~est sheH tx sccured by Ihe lieo of lhis mortgage.
t+'
1. To permit, comm~t w sufter no w~ste, impairmeM o~ deterio~atiw? of a~id property or ~ny part thereol.
S. io pa~i at! and sinpular the costs, charges and expe~sri, includ~ng a reasoaable anwney's fee and cos~s of sb~traus of t~tte, ~nc~r.ed or pa;d ar
any time by ia~d MORiGAGEE, because w in the evcnt of the lailw~ on'~he part of the said MORTGAGOR ro du~y, promptly a~d f.,;ly Fertorm, d~scharge. ~
~recuts, e(fect, canpln~e, comply w~~h and ab:de by each and every ~he stipulstwns, agree~*~ents, condi~~ons, •nd co~enar,~s ot sa~d p~o«~~ssory nore •~d +h~i
,:o.rgage any or e.~her, and ta d cos~s, chargci and expenset, each a~d eve~y, sMll kx immedute?y due and payab:e; whether or no+ rhere be noike d±
mand, ettempt to co:iect or fuit pe.xl~ng; a.~d the full amount of each and every such psymeN ihall bea~ ~nteirs~ 4rum the dar~ therrot unril pa~d at r.~e
r~te o~ n~ne uer cenrum pcr am~,;rn; and all said cosrs, cha~ges and expenaes ]ncurred o~ paid, together w~th wch inte~est, fhail be srcured by the I~eo of th:i
morlgagl.
b. TF~at (a) in thr event of any breach of this Mo+tgage w default on tFr pert of the MORiGAGpR, o~ ;b) in the evem any o( sa:d sums of money
herein relened to be not p~omp~iy end tully paid wi~h;n th,rty ~30) days next after the same seve~a:iy become d~e and po~ebfe, w~rhout demend or no~~cr,
or (c) in thr event each and every the stipulat+ons, a9reements, cond~tions and tovenants o1 aa~d promis3ory nme anJ th,s mo~tgage a~y or e~ther are not
iv1y, promptly and (ully perfwmed, d.scharged, e~ctutcd, eftected, completed, tomplied with and ab~ded 5y, then in e~~her or any such event the sa:d ag-
gregste wm memroned io ta~d prom~stwy nore ~hen romaining unpaid, wit6 inte~est acuued, and ali money~ setured hereby, ahall becume .~ue a~~ ~»y-
eo:r forrhwith, or thereafre~, at ~he option of said MORiGAG[E, as fully and compiereiy u if a~l of the sa~d s~ms of money were orag~na:ly sYpuiated
te tx pa~d on such day, am~thiny in sa.d p~omisswy note or in thia Ntortgage to the conrrary not~viihata~xl:~~g; and therfupon nr thereahe~ at the opnon of
s~.d MORTGAGEE, without nonce or demand, su~? at law or in eqwty, therefore or ~herralter begu~, may be prosecuted as if all moncys securrd hereb/
h~d matured pr~or to ~ts insnt~t~on.
7. That in the evc~t that at the beginn~ng of or at any time pending any suit upon this Mortga3e, or to fo~eclose it, or to reform it, or to enforce
Faym~nt of any cia~ms he~eunder, sa~d MORiGAG~E shall apply to the Court having jurisd~ctio~ thereof ior the appomtmen? of a-Rece~ve~, such Court sha~i
fcrrhwitF appanl a receiver of said mortgaged property all and singular, includ~ng atl and si~gular the income, p~of~ts, ~ss.+es a~d revenues from whetever
scvr~e derived, each and every oi wh~ch, ~t being exp~essty understood, i~ hereby mwtgaged as if tpecficalty set forth and dexnbed in the g~ant~ng ar.d
habendum clauses F+ereoF, and such Receiver shall have all the broad and effective funct~ons and powers in anywiae emrusted by a Co~~t to a Rece~Ver, a-~d
s.:h appointment ah;tt be made by such Court as a~ ad~nitted equity and a matrer of absolute right to said MORTGAGEE, a~+d wifhout reference to the
edeq~ocy a inadeqvaty of tF.e vaiue of the prope~ty mo~tgaged ot to the sotve~+cy or insolvency o( aa~d MORiGAGOR or the defendams, and that wch
re~rs, ptofits, income, ~ssues and ~even~es shail be appiied by wch Receive~ accord~ng to the lien or equity o( sa~d MORTGAGEE ard the pracsice of s..ch
Covrt.
8. To du!y, prcmptly and fuily p~rfo.m, discharge, execute, effect, compleJe, comply w~th and abide by each and eveiy the st~pu!aticns, agreements,
c~ndiiions and covenanrs ~n sa~d prom:ssory note and th~s mortgage set fo:th.
9. That in the eve~t ~he ow~ership oi Ihe mortgayed p~emius, o~ any part thereof, becomes vested in a penon other ?han ~he MORiGAGOR, the
M.ORTGAGEE, ifa succeuors aod au~gns, may, wirFw~r ~o~~cc to ~he MORTGAOR, deal with such successw or successor ~n ir.teres! hAh refrrence to th~y
^-o~~gage and the d-_bt t,ereby-aet~red in the same mannr as with Mortgagor without in e~y way vifiating o~ d~xharging the rdcrtgege~i iiabii~ty he.e-
~-,der w upon rhe deCt herec•/ secured. No sate of the premises hereby mortgaged and no forbearance on the pari oi the 610RIGAGEE or its s~:ceswrs
c- a:s~g~s and no e,~ters~on cf the time for the payment of the debt hereby secured given by the MORTGtiGEE or its sv,cessors or ass gns, ,:.ai! operate
~o re~ease, d~scharge, :nocl;fy change o~ aHecf the o~ig~nal liab;lity of the MORTGAGOR herein, either in whole o? in pa~t.
10. ~t is spec~f:c~l~r agreed Ihat time is of the essence of this contract and that no w~iver of any ob~~gat~on hereunder or of the obligation s~
;ured hereby shaii at an~ tinee there~fier be heid fo be a wa~ver of the tarms hereoi o~ o( tFK instrume~t setured he*by.
I l. In add,+~: n to ~:~e forego n~ month~y paym~nts ot princ pal and inrerest reqvi~ed by the prom sscry ne~c secc~?d Gereb/, mortga3or covenants
d agr~es to ;:ay to ~r.o:'g~;gee v.~~h each mon+h~y payr.~ent an add~~ional svm est~n,ared b~ mortgagee to Ix eq~a~ ro 1 i2 oi th~ an:~•,;al cost of the fo~iow-
,
A-AII •eal propcrr; taaas levled or assessed agai•~sr ehc above desv~bcd reat esrate.
B--Fr,:~:u~ns o~ ine and windstwm ~nsurarxe as herrin requ:red to be carried on the ~mprovernenrs s~tvate on thc above d:su:bed prem~:es.
C-Pre~r,iurr~s on such mortgage guaranty inevrar.~e as mortgagee ahall irom ime to t~me deem fit to carry on the toa.. sec~red hereb~.
~ Mo~tgagee shaii fran +~me to nn:e na+~f~ mwtgagor m writing of the amoa~t due and payable hereundrr and wch sum shall thereu~~o~ be due and
i ,-b'e on the tiue da!e of the ne<t month:~ pa~ment and each successive monfh thercafter ~r.ti1 mcrtgagee sha'f not;fy mortga3o+ of a change in such
~,nt. $uch sums s~a'i ,~,e ap~:i~ed by mortgag~e toward the payment of real prcperty taxes, insurance prem.ums. and rt:ortg~ge guarenty insurance
f _ ~~vms.
` IPl YATNESS Y:HERFOF~ fhe sa~d MORTGAGOR has hereunto set his hand and sea) the dey and year f' afo~esa~d.
` 5igned, ated and d livered i p.esence of: `y ~
! . . C . Seaq
~ L__ .-.~,k~ ~i , s=es . r i
cs~ao
l t~ao
,~,l~ ~ ~ ~ ! ,ls~ ! p ,UYlSeai)
~ ;'ATE OF FIORIDA 1
St . Lucie ~ u-
. ~'~.'•tTY OF ~
Before me persona~:y aAG~a«d Jaaes B• Msrtin end
$Zlsron D• ~lt~l1 his w~fe, to me welt known and knpwn to-a~e to be
,a ind~viduats desci~bed in and who exec~ted the fweyoiny instrument, and acknowiedged be(ore me that they execvted the sa~ae iw the. pvrpofe~
+Fere~n expressed. And the snid_ _ $ha=Oj~ Q~ MiZti.A - ~
•..'e of the sa:d - __~jas~t ~a=ti~ " upan e,sepsrate ~^~j priJ~ta
~•:,--,;nat~on by me ta4en sepa~ate and apart from her seid husband, acknowledged to and before me that she executed said iuttrwr~em ireely arfd~vo~uD-` .
y and w:thout any compuifion, constraint, apprehens n, or fear of w from her said husbsnd_ C y /j '
WITNESS my hand and offiuat ual this_ day of MaY ' y"' i1D, p, 1q ~'"7~_
/ ~ : r• . . •
~ -
Notary P~blic in and for the State ' c~d~ t'1.atga
~ My Comm7ssion eapires: ~Q~O •
~ Retutn To: `+~~t~;
~ Firsf Federal Savings 6 Loan Asscciat,on ~}r~ S=;j_ ~1.f`.,• ~~t 13~~~:
~ _ ~:tiry t~..~;.: r ' ' a
pf •crt F • r~e ~ >
~ fa~t Pi?tCe, F~cr~di f„~y Csnint:Sf:'3 •"~'~LS ~~•'I~b,
~ Y
b.nic. 4p l.r.z. .:r
This Instrument Prepased By Robtrt J. Bvans~ Jz. ~~~Q~ ,~~~~~R~[D
~ A~..
First Federal Sav~ngs 8 Loan Association ~RKa R'OIrR~S
of Fort Pierce '~r;'F, f~ CG~h;
Fort Pierce, Flor~da 33450 .
~ _ - ~ M~~Y JZ 3 1 ~M , ~
hecked By . 1
eoox2'~ i~ 365932 ~
~ ~