HomeMy WebLinkAbout0684 To pi~c+ and continuously k~~p on tM build~nps now w F~~~ftM ~i~u~N or s~;d i~nd ~nd on ~It aqui~xnem a~+d pawn~~ly cov~r~d by ~h~~ morp~
+y~. wi1F~ •II pemium~ IMreon p~~d in full, iir~ inaurantt i~ ~M utwl N~nd~rd poticy lorm, in • wm app~ovtd by rhe MOR~GAGEE. and wind~~orm
~niwanu in tM u~val ~~andard policy fam, in •~um ~ppro•~d by rM MORiG/?GfE. in wch company w comp~nitt u tM AWRIGAGEE may
du~dJ and dl ('u~ ~nd windiiam inw~~~n polKia on ~nY of s+id build~~qs. ~ny inlerhl ~hsnin o~ p~.~ ~Mreof. in ~M ~~qrepa?~ w~n ~la~sa~d a •
tn ~xteW Iherwf, sMll can~ain tM wwl ~undud mortqpN clwa or such o~bu cl~uw tM Ma~p~9e~ m~y rpv~r~. ma?ir~p ~M losi uod~r s~~d polr k
ci~~. ~ach a~d ~vKy. paY+b~ b s~M MORTGAGEE ~s its inMral may app~+r. ~nd tacA and ~very s~ch poi~c~ ~hall b~ p~ortePtly ~u.ynsd u~d d~Iivrred to ~ ,
•ny Fwld by s~~d MORiGAGEE ~s iw~M. a~cwity ~o saW mwp~ d~W. ~nd. na I~u tFwn ~~n (10) d~ys in ~dwnc~ of tM ~spi~~e~on ol a~ch policy. to dF
lir~~ 1o qld MORTGAGEE • r~newal tiarwf, toqtthK with • rK~ipt fa tM p?~m~um oi tuch r~n~wel; ~nd ther~ ahall b~ no f~~~ w winds~o~m in~u~~nce ~t~
plx~d on ~ny of ~id buildinps. ~ny int~r~st tMr~~n w pHt thNSOf, untcu In tM fo~m u+d wi~h ~M loss payabte a~ aforeia~d; ~nd in tFw event any wm
of mw»y b~comh pay~ble ~nda wch policy or policin iaid MORTGAGEE iMll haw ~M optiw~ ro ncsiva ~nd apply tM sam~ on +ccovm o( th~ indebrod~ . ~
ness ~cw~d Iw~~by w 1o permit ~aid MORTGAGORS ~o rccaiw ~nd us~ it or ~ny par~ therwf fw oshr~ pwE•oses, w~~nout ~h;rco~ wa+~ing a~~~~pa~~-
in~ a~y puity, li~n w ~iph~ v~ or by virtw o1 thit mottys~; ~nd fn th~ ~wnt aid MORTGAGORS ~hs!1 for any r~aaon (ail to kHp tM said prtmises w j
insured, w f~il to dtiiver prompHy any of s~id polKi~s of inw~u~a to satd AAORTGAGEE, w fti1 prompNy to pay futly any prem~um tF?erefw o. in any €
r~spect tall b pe~fa~n, diuMrp~. ~xecute, eff~cl, comp~~t~, cornply wtrh and ab~dt by this cova+anl, or ~ny part herwi, ia~d MORTGAGEE may pt~ce and
psY for ~ucl~ inswu~ a any p+~h thereof witAout w~Ivir+p or ~ff~ctinp ury option, liwn, puity. or riphl vnder or by virtw o( ~hti Nlatpaqe. ~nd fhe ti. ;
fufl arnount of each ~nd ~v~ryr ~ucA p~ym~nt sh+ll b~ imm~liat~l~r dw and paysbl~ and sh+ll be+r interest (rom ths d+te thereof untii psid ~t tM rat~ ol
n~na p~r ce~tum per annum and toge~he~ with such inte.es~ sh~lf b~ wcvred by th~ li~n of this matpap~.
4. To pKmit, comrnit or wffK no wast~, Mnpairmtnt or d~tpioration of uid property or any part 1}?erwf.
5. To psy ~II ~nd tinpulu tM cwn, chuQa a~d ~xp~~uet, incl~du+p • reasonable ~tta~ey'• fee and costt of ab~tracn of tifl~, incurred or psid +t
any time by said MORTGAGEE, bacaus~ w in th~ w~nt oi th~ t~ilun on th~ put of tM uid MORTGAGOR ro duty, p.ws~pNy ~nd fully ps~fam, d~schar~.
esecut~. effttt. camplet~. complY witl~ and abid~ bp ~ad~ a~d ~wry tF+~ s~ipu4l~ons, prs~mN+ts, tOndi?ions, and wwnenta of s~id promi:sory nots and thif
morrgagt a~y or ei~hsr, and sa~d cosn, cl»rpe~ and expenseb each and ~rery. shall F» knmedi~tely dve and pay+ble: whetlur a not there be no~ice ds ~
mand. atfempt to coIIM o~ wit pend~npj u+d tM full art~o~mt oi tach ~nd wNy wch peymeM ~hill bear inrerest from the da~e thereof vnril p~id at the
.ate ol nins per ce~rum po~ an~rum; aod all ~ak! costf, cMr~es ~nd txpenses intwred w paid, topether wdh such imerest, shall bs s~tured by the iien oi thi~ '
mortpap~. ' ' g
6. That (a) in tM ever~t of any bn~ch of this Matyap~ a d~faul~ on th~ pan of tM MORTGAGOR, a(b) i~ tM event ~ny of iaid sums of mon~y
herein rtfe~red ro bs no~ promptly aod fully paid withi~ thirty (~0) days nexl after the samt severatly become due and payabk, wiihovf demand a rwtice,
or (c) in tM eveM e~ch and every the stipvlatiau. sgre~menfs, condiffons ar+d town+on of w~d pomissory note •nd th]s rtartgaye any w sither are nw
iuly. prompNy and fulty performed, d~xha~~ed, exetutrd, ~ifected. compl~t~d, compli~d wi+h ~nd abided by. ~ha+ in eith~r or any such ewnl ths uid ag
gregat~ wm mtntaned in ~aid promissory not~ tht~ ramainirg ur~id. with imsro~t acvual, and all moneys secured Mrsby. shall beoom~ dw and piy-
able forthwith, u thereatter, at ths option of said MORTGAGEE, ~s fvlly ~nd completely u if ~ll of the said sums of money wera aiginatly it~putated
ro be pa~d on such day, a~yfhing in said promiuory note or in this Mortya~ to ~he convary notwithstandi~g; and thereupon w thcreaher at ths opi~o~ oi
sa:d MORTGAGEE, without nofice or demand, wit ~t t~w a in equity, fhcreiore w tAer~after beyun, may be prosetuted u if dl monoys securad hereby
had matwed pna to its i~stitution.
7. That i~ ~F+e event tMt at the begim?iny of a any tim~ pendinp sny wit upon thi~•Mwtp~g~e, or to fpeclo~ it, pr to ~eform it, a to enforce
paymenl of any.~claims herevnder, wid MORTGAGEE shaN apply lo tM Coun haviny jurisdiction thereof iw th0 ~ppointment of a Receivet, ~uth Cou~t shell
fo~ihwith appoint a receiver of ~aid mortpay~d propertY dl u~d sinpul~r, inctudmp ~U and si~yl~ (M incom~. profits. kiues u~d revenues lrom whate~e~
s,~:,rce derived. esch ~nd wery of whKh, il beinp eapressly w~den~ood, a hercby mwtya9edis ~f•spet~fihl~~setlath and;dewibd In tM g~anting and
habendvm clauses hereoF, and such Receiver shall Mre all 1ht bosd ~nd effattive functronl~and ~dYi~~in~aAylrt~,:entcuatsd:try. f'Cvurt lo a Receiver, and
a:,ch eppdntmen? shalt be made by such Court ss an ~dmined puiry and ~ matta of •bsd4fi,t~hlt to siwf'~C1RG~EE~=aqd, witlioul refc?ence to the
adequacy or inadequacy of ths wlve of the property mwtyped or to th~ sWvcncy or inaolventy of said MORTGAGO or fie ~ef~nd~nts, and thaf such
~em~, profib, income, iasues and revenues ihall b~ applied by ~uch Receiver ~ccord~~ to tha lien « equity of said 1NORTGAGEE and the practice of such F
Coutt.
8. To duty, promp~ly aod fully perform, dixhargs, exccute, efiect, compk~e, comply with ~nd abide by each and every the stipulatrons, agreements,
cond~tions and covcnanta in sa~d promissory oote and this mortpage se1 fath.
9. Th~t in 1he event the owr+ersF+ip o1 ths mortgaqed premises, o. +n~ pan ~hereof, becomes vested in a person other than the MORTGAGOR, tM
M.ORiGAGEE, it: successon and ass~yna, may, without notice to tl~e MORTGAOR, deal with such iuccess~r or aucceasor in interest w~th rcference to thu
rro~~gage and t1x debt hereby secured in the same manner as with Mortyagor without In +ny way vitiatirtg or dixharging the Mortgagori lisbi~ity herr
~nder a upon the debt her~bjr sfcur~d.. No N~s of ti» p?emises hereby mongsged and no forb~aru~ce on the parf of the MORTGAGEE w in ivccessors
or ass~gro and no exrens~on oF ti+e time iw tM p~yment of tM dsbt hereby secured yiven by ~he MORTGAGEE w its succ~ssors w~ ~ssigns, .haN operaro
ro retease, d~xharyc, modify change Or affM the wiptaal liabiliry of tAe MORTGAGOR he?ein, eifher in whole or in part.
10. It is specificatly agreed thst time tt of ihe eauQCe of thh toMratt and thar no waiver of any obligatton hereunder a of the oblip~tion st
cl,red hereby shaU at any lims thereafleo bs held fo be a w~iver of the krms hereof q of ihe irolrurt~ent. ~ecvred herby.
1 l. tn add~tion to the forego:ng monthly paYrt~ents of .princ pal and interest req~;red by tha prqnissory note secwed hereby. mortgagor cove~ants ~
and a rees ro to mort a ee with each month! rnent sn add~rional sum ess~mated b mwt ee to be ua~ to 1;'12 of the annual cost of the follow- ~
9 PaY 9 9 Y PaY Y 9a9 ~9
A-All reaf property taxes levied w asussed aga~nst tF~e above dewibed real estate.
B-Premiums on fire and windsrorm insurance as herein requ~red to be urried on tlx improveme~ts situat! on fhe ebove dascribed premises.
C-Premiums on wch mortgage guaranry insurar,ce ~s mortgagee shall from t~me to t~me decm fit to carry on the loan secu~ed hereby.
Mortgagee sha+l f~am time to t~me notify mwtgagor i~ writing of tFie amount due and paysble hereunder and such sum sF~afl thereupcm be due and
~.nyab!e on the due date of the next month:y payment and exh successive month thereafter ur.til morlgagee shall not~fy mortgagu of a change in such
' a Yount. $uch sums aFail be applied by mortgagee toward t{x paymenf of real proFrrty taxes, insurance prem:ums, a~xl mortgage guaranty insurance
f p'e~niUmt.
~ IN ~YfTNE55 VYFiEREOF, the said MORTGAGOR has hereunto set his hand and seat the day • year f
jst sioresa~. `
~ Signed. Scaled and delivered in tht pesence o(: ~ i
` a
p ~ f_ ,,J ~ x_~,~_.~~ S. iire b s~,n
~ ~ ~ • cs~.~
_ C :?G J• ` _ tt' t-- ~lE wl ~i • ~18~1 ~Seaq
S~ATE OF FLORIDA ~ '
~OUNTY OF St.. Ii1C~A ~
Befue me personatly appeared JO~II `g • W918Z1 ~ ~
~ - ~~8~~ a his wife, to a+e welt known_ar~•I~rw+Yi~ la~,~~ne fw b~
ri~e individwts descr~bed in snd who saecuted ths foreyoinp &atr~rn~nt. and ackr~owledged before me that they executed th~.~+uA~~lpn~,purposes
there:n exprested. And tt~e isid ~ i~EAtfA~}f g~ j1~A lR~1 -
.vife of the s~id ,le1m S. VA~~I ' . ~ • „
QpOA,p separafe ~~priv~ti .
exam~natwn by me taken separate ar~ apan from her said husb~nd, adcnowledyed to snd before me that she exearrtd.s~idy»inwnpt f~eely and'`iolun-_
•~~:~y snd without an~r compubion, constraint, ~p e an. a fear of or from h~ta"~d husband.
WITNESS my hand ~nd official ual this dsy of t~ ~ ~.~'~?.R; i9~:; _ ~
~
G~"~Z ~ % ' ~
~ Notsry Public in and iw he St~te of F o~i a`~t tergF `i~.`
My Commiuion ~xpires: ' ~ ~ r , ~ ~ r ~ . - • ~ ~
~ Rdum To: _ " ? r • r, ?e • t. _ s ~ . .
~ First Ftderal Savings b loa~ Aswciation ~GOKOED f:^,"^_ : . . • " ' ~
Of Fort P:erce. f~~E~ AI~~ TY Ft~ ~<Y - - ~ f~::°_
~ Fort Pierce, flwida S. LUC~Ea
?OItR~S k,<•s ff ~.-.x..... ir~ 4 c,:-'~'C.~~avJ +a~
n nL a~r C{D!`iV{t Cr~U
~ s '~~'r~Ea
~ This Instrumenf Prepared By D~Ot18~,d B. A1~ `1 2 33 PN
~ F~rst Federal Savings 8 loan Association ~R~
~ of Fort Pierce
Fort Pierce, Florida 33450 3
f~I~
~ne:ked By
. 800K PAGE 60J ~ • • ; ~ ' ;