HomeMy WebLinkAbout0988 J. To pl~ce and continuous~y teep on ~Fw bui'd;ngs oow w htroaf~~r ~~tw1e or taid land ind on ei; •q:,~p~~,rn~ •nd penon~lly tove~cd by thi~ nw~~9•
~gs, with all premiumi Ih~~eon p~~d in full, tirs in~ur~nc? ~n ~he wu~l t~ande~d po6cy fo~m, in • wm eppro.ed by ihe MOR(GAGEE, and w;nd~~orm
insvrant~ 1~ th~ utwl iund•~d po~~cy ium, in • ium approved by ~f» MORTGAGEf, in iuch canpany ar ca~pu~:es ai tlH MORIGAGEE m~y
dirs~tt and ~II (i~f and wint3~loim insurint~ pOIKiH on ~ny of sa~d bui~dupf. any {nl~resl ~herrin or parl thrreo(, in Ih~ ~99reyate tv~n afo~etaid or ~
in exctss thsreof, ~hall coMain the ufwl tNndard mortyagee tlautt or i~th o1he~ t4use a~ tha Mo~tgegee mey raqu.r~, m~?inp 1M ~on u~Jer seN! pol~
u~~, each and evNy, payabN to iaid MORTGAGEE ai fn in~e.est may appw~, ~nd each and •ve?y s~ch po,~cy ihall be promp~iy •s~ gned ar~d dei~ve~cd ~o
sny hald by ~aid MORIGAGEE af fwth~r fecurity to s~id mat9ay~ d!bt, i.ul, no~ less tMn ~eo (101 daye I~ adwnce of the expi~at~on of each pohcy, ro d~-
liwr to ~aid MORiGAGEE • renewat thereof, lopetht~ wiih a reteipt tor 1he premium ot tuth rcncwal; and ~here sha11 te no t~~e or w~ndtto~m in~u:anc,t
pf~cad on any oi aid bvildinp~, any interat tMrain or p~~t thtreof, unleis in the ~orm and wi~h Ihe toss payable ai afweis~d; and in the ev~n! any tum
of money becomes payable unde~ such policy a policie~ said MORTGAGEE ~hall hatie ~ht op~~w+ lo receive and app~y thn same on accoum o/ ~Iw indrbted~
neis Kcured hereby a ro pe~mit said MORTGAGORS 1o receivs and uu it o~ any pa~~ thefeo+ fo~ o:n.•r pu~;:o~rs. .~.:~hc~~ ~h u~ w~~~i:~3 0. +~~~pa~~•
ing any equity, li~n or right under or by virtw of thii mortyaye; ~~d i~ ~M ~vcnl sa~d MORTGAGORS fhall tw any reawn fail fo kcep the ald prem~ie~ w
insu?pd, pr (ail to deliver prompfly any 01 said polK~ef Of infur~nce to ia~d MOR(GAGEE, w(ail NromQtly fo pay (ully any pre~n~~m Ihc~eloi or in any
re~pect fai! ~o pe~for,n, d;schsrpe, executs, elfect, tomp~ete, comply with and abids by ~his tovenant, o+ eny pan h3reof, se~d MOR?GAGEE may p1~ce a~~d
pay fw :uch insura~c~ or ~ny pan thereof wi~hout waivin~ or affectirg any op~;on, tien, equ~~y, or ~ight under o. by virtue of ~hi~ Marga9e, and the
full ~mounl of each and every such paymtnt shaN be imrnediately dw and payable and ahaU b~ar interest (rom Ihe date thereof untii pa~d at the rate of
nine pe~ cen?um psr annum and to~eiher wifh such imerest shall be seturcd 6y tM lie~ of thi~ nwrtpage.
4, To permit, commit or iuffN no wa~1~, impairment w deterioration of said propa~ty w~ny part tlxreof. ~
5. To pay ~II and iinyulH the tosts, ch~rges arK! expenses, including a reasonable atlwney'~ fee and costs of absrrsctt of titte, ;ncvnrd o~ paid st
any time by said MpRiGAGfE, b~causf or in 1hs ~vent of thr (ailure on the parl of ~h~ ssid A+IORTGAGOR Io duly, promptly" and fully pe~fwm, d~uhsrg~.
executs, eifocf, complet~, comply w,th end ab~d~ by each ~nd every ~he stipula~~oes, agreements, ca+ditiw~s, snd covenants of s~id promi?wry no~e and thii
morrgage any w either, and ~a~d costs, cM~9es and eapenses, each and every, ihali be immediately due and payab!e; wheiher w nof thrre be not~ce dr
mand, altempt to collect or suit pendiny; a~d tl» full ampunf of eath at~d every suth paymNnt shall bta~ in~arest from the date thereot unril paid a1 the
rate of nine per centum per annum; and all said cous, tha~ges and expensei incurred p paid, togetF~er wnh such interest, sheli be secured by the lien o( this
morfga9~,
6. 11?af (a) in the evenf of any brexh of this Mwtgage w default oe~ the part of the MORTGAGOQ, or ;b) in the eve~t any of ss~d suma of money
heretn roferred to be ~o~ p~omptly and fvlly p~id within thnty (30) days nex~ af~er the same se+eratty become due and payable, without demand or no+ice,
or (c) in the event each and every the sliputa~ions, agreemants, cond~rions and tovenant~ of sa:d prom~ssory note and ~h~s mortgage any a either a?e not
~ufy, promptly and fuily pcr(ormed, d~scharged, executed, effetted, comp~eted, compl~ed with and ab~ded Sy, then in e~~her or any such event the sa~d ag
gregate sum mentioned in said promissory note then remai~ing unpaid, with imerest accrued, and a~i moneys secured hereby, shatl become due and pay-
ab+e fo~thw~th, a thereaf~er, a? tM option of said MORTGAGEE, ~s tully a~d completely aa ii all of the said sums of money were onginally st~p~leied
ro be pafd on svch day, anything in sa~d prom;ssory note or io thii Mort9age to the comrary nolw+thstanding; and ~hereupon or thereaher at the op~~on of
sa~d MORiGAGEE; w~thout notice o~ demand, suit ~f t~w or in equity, therefae or thereaf~e? begun, may be prosecuted as if all moneys secured hereby
nad matured pr~w to its institution_ .
7, That in the evenf that at the beyinning of ar at any time pending any svit upon this Mortgage, o? to faettou it, or to refwm it, or to en(orce
payment of any claims he~eunder, taid MORTGAGEE shalt appty to the Court having juri:d~ction thereof for the appointmenl of s Receiver, such Carr1 shail
For~hwith appoim a receiver of said mwtgaged property all and sing~lar, inci~d~ng atl and s~ngu~ar the ir.come, prot,ts, iuues and revenues (rom whateve~
•curce derived, each a~d every of whKfi, it beinp exp~euly understood, is hercby mw~gaged as if spec~fically ut forth and dew~bed in t!r y~aorirg and
habendum cfauses hereof, and such Receirer shal! hsve sll the Moad and eifective funa~ons and powen in anywise entrusted by a Court to a Receiver, and
s~ch appoimment shall be macl~ by such Court as ~n ~dmitted equity and s maue~ of absolute r~ghr to said MORiGAGEE, and wi~hout rcfere~ce to the
adeyuacy w insdequacy uE ihe value of the properfy mor~gaged or to the w;veocy w inso'.~ency of sa~d MORiGAGOR w the defendaros, and ~hat such
rentS, profits, income, iuues and revenves sF~aSl be applied by such Rece~ver according to ~he lien or equi~y of said MORTGAGEE and fhe prad~ce of sush
COUf1.
8. To dufy, promptly and fvlly pe?form, dixharpe, execute, effect, compietc, comply wi~h and abide by each and every the stip~lations, agreement~,
con~;tions and covenanrs ~n sa~d promiuay note and this mwtgage set fwth.
9. That in the eveM the owrxrship of the mortgaged premises, w any psrt thereof, becomes vested in a perwn other than the MORTC,AGOR, the
MORTGAGEE, itt succeuws and auigna, may, without ~wrKe ro ~he MOeiGAOe, dea! with svch successor or tucceswr in intereit w~fh refere~ce to this
mortgage and the debt Aercby sccu~ed ia tht same mannet as with Mortgagor witfwut in a~y way vit;atiog or d~xF~rging the Mortgagors' liability here-
ur:der or ~pon the debt hereby sec~red. No sale of the Frem;ses hereby mortgaged and no lorbearance on the part oF the IAORTGAGEE w its successas
or ass~gns and no extension ot tF~e time fw the payment of the debt hereby secured g~ven by fhe MORTGAGEF or ;ts successas or au;gns, ,f~all operare
~o releass, d~uharge, modify change or affect the oriyinal liab~llty of the MORTGAGOR hereio, either in whole or in part.
10. It is speutically agreed that time is 'of the csserxe of this contract and tM1 no waiva of any oblgation hereunder or of the obliyeiwn fe-
cured hereby shall at any time thereafter be held fo be s waiver of the terms hereof or of ttx instrvmeot secured herby.
11. In ad~Ctioa to fhp foaego:ng moMhly payments oi princ'pa! and interest required by the prom~sscry no!e secured hereby, mortga~or tovenants
and agrees to pay~to mortgayee wlth each monthly paymeM an add~~ional sum estimated by mortgagce to be equal to l,-'12 oi the arsooal cost of the ioStow-
~nq:
A-All real property taxes levied or assessed agai~st the above descri?.~ed real esrat..
B-Premiums on fire and windsrwm insurance as here~n reqv~red to be carried on !he +mproveme~ts situare on the above described premises.
C-Premiums on such mortgage guaranty insurance as mo+tgsgee shall fra~n t~me to time deem fit to carry on the Ioan sec~red hereby.
Mortgagee sfiail from time to t~me notify mortgagor in writ~ng of the amount due and payable he~eu~der and such sum shall thereupon be d~e and
: ayzble on the due dare of the neat month(y payment and each svccessive month thereefter ur,til rtwrtgagee sFwl1 no~ffy mortgagor of a change in such
a~:ount. $uch sums shall be applied by mortgage~ toward the payment of real property taxes, insurance prcm:ums, and mortgage guaranty insurante
p•emiumt_
IN WITNE55 WHfREOF, fhe said MORTGAGOR hai hereunto set his hand and sea! the day and ye r first afo~esai
Signed, Scaled and delivered in tbe p~exnce ot:
f~~fo ~~o RFCOKOEa
- ' ' S?. LUCIE C4UN1Y Fla. - ~,p
• - , ~--,s..~,. ,3, ROC~~ P~ITRAS W eDl . resse
' ' ';I~~~11T CCU~T _ (Se,q
- ,r~.c~F11 • ~ ~ (Seal)
L~~ nw--~t ~ A2' 1'6889 (Seaq
STA7E OF FLORIDA ~~Y ~ u 4 03 PH'~
~ ~ 3 ' 497
c~u~rrr oF 3t. LuC3e ~ ` - . ~ .
-
Befwe me persona(ly appested Will~.$ID R• BZ'A$89ti~re
~ -
M8I`y BI'6999tit.9 his w7fe, to me well kno~irf'dnd k`noivnfto-yS~ to bs
~he individua{s dexribed in snd who taecuted the forefloirg instrumem, and acknowledged before me that they executed 7he ~ms fot iM pvrpoyes
rhe~ein expressed. Md the said-___ M82'Y Bressette = ; ~ t` `
f; : re of ~he sa id +Ji 11 i am BI~ 8 S$ A t t 9 ~ppn a_ ieQrrafe iwd ~ ivstA
e,am~nat~on by me taken sepsrare snd spart from her said husband, acknowledged to and before me tbat she executed said insu~orapt frcetr a~ohm-
tar~~y and without any compulsion, co~strainf, approh~n~~on, or fear of a from her~~agyhusband.
WITNESS my ha~d and official seal this 1 day of ~~1 ~
p~,,~~
- ~ t ' ~ ~G
]l nr ~ ~ ~
Not ry Pubfic in and for tl e State of Florids at large
My COmmiuion expi:es:
Return Tw
firat Federal Savings S loan Association IVOT~R~ PU~IlC. STATE Of FLORfDA AT 1AFGE
Of Fort P~erce. MY COMMISSION EXPIRES AUG, l2, 1977
fort ~ierce, flOrida 60NDED TMROUOM MUROSKI - MUCRLEBEHRT, INC.
TF~is Instrument Prepared By R1ChBY'd K. Kaj83 ~ Ch
F+rst Federal Savings 8 loan Association -
of Fort Pierce
Fors Pierce, Florida 33450
C!-iPcked By s~-•~-•-^ (1 IZ ~ U
. - . BttOK 2~ PACE ~O~