HomeMy WebLinkAbout0318 J. To plac~ •nd conlinvovsly keep on ~~e build~np~ now or larea(~~r ?i1wN or a~id I~nd and on ~II rquipment aud p~r~aully covered by rhis mo+~9~
ege, wi~h ~11 p~emi~~~s Ihmeo~ pa~d m full, hro ~niur~nct in ~he vwd fand+rd po~~ty to+m, e~ ~ tum apwov~d by ihe MOR~C+%~GEf, and w~nJstO~m
~~~ur~nc~ in the uwal s~andard po~,q (orm, in ~ sum ~pprov~d by the MORTGAGEE, in ~ucA ca*~Pa~~Y or Compan~tf ~s ~~a MORTGA~EE may
d,~ed; and all lir~ •nd windstorm iniv~ant~ po6ues on ~ny oF N~d bviW,oq~, ~ny inler~~l 1M~ein o~ pa~1 thereof, in tM a~grc9e~e wm afo~es~~d o~
in ~acau lhereof, iMll conrain Ihe usual •t~ndard ma~9pN claut~ a suth o~her c~aus~ ~f 1M Matyayee may ~equ~rt. m+\inp th~ ~oss und+~ sa~d pott
uei. e~cb and evay. par~b:~ to sa~d MORTGAGEE ~s ~ts inttve~l may ipp~ar. +nd e~ch and tv~ry ~vch poi~cy shall tx p~omp+ly a» g~~rd ~~+d dei~~rred ~o
~ny heW by sa~d MORTGAGEE ~t further ~eturity to uid mwtp+p~ d~be, and, nW I~u ~han teo (101 d~r~ sdvnce ot ~M exp~rat~o.i of e•ch pobcy, to d~-
t~~er to uid MORTGAGEE a re~xwal th~reof, toqt~Mr with a raca~pt fw the pr~mium o( ~uch ~enewal; end ~here •half be no I~re or w~~:ds~o~m insw~nce
plsced on any o} ~aid bvild~~gs, any interest Ihsre~n w pa~t the~eo(, untess In IM fo~m and w~th ~M ~oss pa~ab~e u atoresaid; and io the e~ent eny ~u~n , .
of money becomes parable under such poticy or potlu~~ iaid MORTGAGEE shatl Mw ~Fw opt~on ~o ~eceive end apply the wme oo accou~~ ot ~he indebied-
nsss sscured hertby or ~o penn~~ wed MORTGAGORS to receive and us~ it a any part U~rreof lor otn~r ~u~~uira. ,r.~~iw~~ ih,•.u~ w.;.~.y or ~„~p~~•.
~~+g any eqv~ty, lien a~~yh~ unde~ w by virws of thi~ morsyp~s and io tM ~v~n~ uid MORiGAGORS ~AaU tw any reawn i~il to krsp Ihe sa~d prem~trs so
~n~u~ed, or t~il ro deG~e~ p~omptly any oi said pol;ciei o( insur~nc~ to u~d MORTGAGEE, e~ lail prompdy io pay tv:ly any pre~iuum therefw or ~n a~Y
respect fai) to pe~Fwm, dixharge, e:ecute, eltr_t, complett, tomply with ~nd ~bid~ by thi~ tov~nant, or sny parl hrrroi, ss~d MGRiGAGEE may p~ace a~~d
pey fw such ~nsurance w sny part thereof w~thout waivin9 0? affactinp any option, li~n, equ~ty, a r~yh~ under a by v]rtue of this htort9age, and ihe
full emo~nt of each and e.ay such payment shall be immediately dw ~nd pay~bl~ and thall bea~ inte~esl iran ~he dete Ihereof un~il p~id at ths rate ol ~
~~ne pe~ centum per anoum and toge~her wi~A such imerest shali be secured by th~ lien oi thii mort9~ys.
1. To petmi4 commit or suffer no wate, irnpairment w d~terior~tion of said property w~ny p~~1 thereof.
5. To pay atl ~nd sinyu?ar the coata, charges and expenses, includirp a reason~bl~ attorney's fee ~nd cos~s of ab~trscu oi title, incurred o. pe~d at -
en•y t~me by sa~d MORTGAGfE, because or in the ev~nt of the fail~r~ on fM parl of Ihe said MORTGAGOR to duly, promp?ly and fvlly perlwm, d~scharge. ~
r=ecu+s, et(ed, comptere, comply with end ab:de by exh ~nd evay ~ha stipuluans, a~~eemenb, condi~ions, ~nd covenants o( sa~d pran~~so.y nore and ~h~i
Tortgage any or e~ther, and sa:d costs, cMrgcs and eapeoses, exh and every, ahall be immedu~a~y due and paysbte; whether w not ~here be ~ot~ce da
mand, attempt to co11M w suit pend~n9; and the (ull amount of each and eve~y iuch payment shall bea~ interes~ from the datt thereof until pa~d at ~he
,.,re of ~~ne pe~ centum per annum; artid ali said co~ts, charges and eapenses incwnd o~ paid, logether w~1h such interest, shall be secored by the Gen of thi~
mortga~.
6. That (a? in t~e eve~t of any breach of thii Mortyaqt o? defaull on tir part of the MORTGAGOR, w;b? in the evcnt ~ny of istd svm~ ot mon~y
he~ein referrad to be oot promptly and lully paid wi~hin eh~rty (30) days nea~ after Ihe same se~era!~y bccome due end paysble, w~ihout demand or not~ce,
or ~c) in the event each and every ~he stiputations, ag~eemenrs, cond~tion~ and covensnts oi sa.d promiswry note and th~s mortgage any a e~the~ are no~
i~ty, promptly and fulSy performcd, d~xharged, exezuted, effected, compteted, comp~~ed w~~h and ab~ded Sy, then in e~the~ w any such evem the sa:d ag~
gregare ~um rrKn~ioned i~ said promiuwy note then remaininy unpaid, with imersst acuued, a~d all moneyt secured hereby, shatl bccome due and pay-
eo,e (orthwirh, or thereafeer, at the option of said MORiGAGEE, as fvily ard compk~ely as if atl of the sa~d sums of money were a~9~n~fly st~pu:atrd
re 6a pa~d on such day, anything in sa:d promissory note or in this Mwtqage to the controry notwithstanding; and ~hereupon o~ lhereafter at the op~~on of
s~.d MORTGAGEE, w~fhcut no~~ce q. demand, su~t at law w in equity, thereiae or thcreatte~ begun, may be prosccuted as if ~II moneys sacured hereby
nad matured pnor lo ~tt institutior?.
7. That in the event that ~t the beg~nning of or ~t any time pendiny ~ny s~it upon this Mor~ga9e, a to forectose it, or to reform it, or to enforce
pa;mem of any tlaims ~erew~der, wid MORTGAGEE shsll apply to t}x Court having ryrisdrctioo thereof iw 1he sppo.ntment of a Receiver, such Court shail
tcrrhwith appoint a receiver of sa~d mortgaged propeny atl and sing~lar, includ~ng alI and s~ngutar tha income, p~o(its, issves and revenues from wha+e~er
sevrce derived, each and eve.y of which, it beinp expressly understood, ii F+ereby mortgaged as if spec~(ically ut fa~h and desvibed in the granr~ng and
ha:;endum tlauses Fkreof, and tuch Rtceiver sMll have •11 the btoad ~nd effective funct:ons and powers i~ anyw~se entrustcd by • Court to a Receivcr, and
i. ch appointmem shali be made by such Court ~s an admilted equity ~nd s m+tter of absoiure right to said MORiGAGEE, ~nd without reference to the
adequacy or inadequacy of the value of ~he p~operty mortgaged or to the sotvency or inso:venty of said MORTGAGOR a the defendann, a~d that such
~~~,rs, profits, inc«ne, isaues and revenues shall be appl~ed by tuch Receiver accord~ny ~o the lien w eQuity of said MORTGAGEE aRd the p~actice o! such
Co~rt.
8. To duly, prompf!y and fully perform, discharge, execute, effect, rnmplcte, comply w~th •nd abide by each and every tFx stipulat;ons, agreements,
condhions and covenann ~n sa~d prom~sswy note and this mongaye set forth. ~
9. That in the event the ownersh:p of the mortg~ged premixs, a any p~rf thereof, betomes vested in a perwn othe~ than li+e MORTGAGOR, the
:'.^,RTGAGEE, its successors and ass~gns, may, withou~ notite to the MORTGAOR, deal with such successot w successor in interes~ with reference to this
e•tgage and the dabf hereby secured in th~ same manner as with Mortgsgd without in any way vitiating or diuharg~ng the Morrgagori Iiability herr
vr,de~ a upon the deb+ hcreby secu~ed. No sala of the premixs hereby mortg~ged and no fwbearance on the part of the MGRTGAGEE w ih successon
c~ asitgns and no exte~sion of the time fw the payment of the debt hereby secvred given by ths MORTGAGEE w its successors w ass:g~s, s~~atl operate
ro re!eax, d~xl~arye, mod~fy thange w affect the orig~nal liab~lity of the AhORiGAGOR hcrein, either in wbole w in part.
10. It is ~pec:F~catiy agreed that time is of the essence of this contr~ct and that no waiver oi any obf+gation hereunder or of the obiigation sr
cured hereby sha11 at any time thereatter be hefd ro be a w~ive? 04 the terms hereol w of the inatrurr.rM secured herby.
11. In add:no~ !o the lorego:~ monthly paymentt of p~inc'pal and iroe~est required by the promisswy note sec~red hereby, m.ortgagor tovenants ~
a~•d agrees ro pay to mo:tgagee v.~th each mo~ih~y payrnent an add~!~onst sum est~mated by mortgagee to be equal to 1,'i2 oi the an~~ual cost of the fo~to~x-
`
A-All real propPrry ta¦rs levied or assessed agaivst the abov4 deuribed real esrate.
B-Pre•r.iums o~ i~re and wi~dsrorm insurarce as here~n requ;rFd to be ca+ried on the improveme~ts s~tuate on the above dcscr~bed premises.
C-Prem~ums on wch mortgege gua~anty inwrar:ce as mortgagee shall from Gme ro rimt dcem (it to carry on the loan secured hereby.
Mortgagee sha?t f+om t~me to t~:*+e notify mortgago~ ~n wr~t~ng of the amount due and payabk hereunder and such svrn sFwll thereupon be due and
` ,.ab!e on the d~e oate of the next momh!y payment and each successive month thertafter ur.til mortgagee shall notify mortgagor of a change in suth
j e' -o,:nf. Such sums sl~a:l be appfied by mwtgagee towa:d ihe paynunt of real property taxes, insurance prem:ums, and mortgage guaranty insurance
~ . _•nwms.
~ IN WITNESS V~HEREOF, the said MORTGAGOR h~s hereunto set his hand and scal the da nd year fir o~`
~ Se led ' red in rhe pres e of: [
~ ~C.J
~ah
~ ;~:er r e
~en
_ ~
lSean
' ti'!A r ' 2'~9 ~lSeal)
S,AiEOF C.Onn~C~.,~+1 ~
`~~U'JTYOF ~VRQ/~~^.~~ SS.
Before me personally appeared :'"-erri 11 P. "'T'y@ and
, ~OT'171a K. -'~'VP his wife, to me wel~ known and known to me to be
r~,e ind:viduals desu~bed in and who executed the for~°' ng inatrument, and scknowlcdyed before me that they exe~uted the same "for the purposes -
~~~~e:n exprcssed. And the sa:d '•~OI'[f18 Y~. r L'~6
'c of the ~,a - '.v:e rr i 11 C T'g 6 upon a sepa~ete and private
.a~•, nat~on by me taken sepd~ate and apart lrom her said husband, sdcnowiedged to a~d before me that she ezec~ted said inatr~ment freely ana votur?~
:•~~1 a.~d w~rhout any compuision, censtraint, ~pprehension, p fear of or from her ssid husband.
WITriESS my hand and offiual sesl this ~ r~- dsy of + A. D. 19~
~ - ~ - - - -
Notary Publit iw
- My Comm~ssion espires:M.y Go: -a.. : . . _ _ ' :.'3
Rctum To: ,~j ~ ` • ~
~ i;rst federal Savir,~s 3 loan Assxiat:on .V~~~~~-f ~~A`
~ Of iort P.erce. • v I
~ Fort P:_•rce, Ficrida . ~ nI) • • _ . '
~lI`7~ C ? i_
~ ~ . ~ ; ; ,
~ This fnstrument Prepared By Robel't ~T . Evans , JT~. • ~ ~ ~ ~ • :
F~rst Federal Savings 8 Loan Assaciation ~
~ ffLED AMD RfCORUEO ' ~
of Fort Pierce ST• LUCIE COUNtr F~a 4~~,•' -
Fort P+erce, Florida 33450 pOCcR~ OITRAS ~ i••t,• -
_ _ `~KF,?R` U{T COUR~ r - ~ y~ ~
~
~ _ ~~cked BY - . - -
~ N~~ 2 45 P' 7
M1
. soac~~ ~ _
~17
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