HomeMy WebLinkAbout0549 To pl~ca •nd coniinvously k~ep on ~M buitd~npf now w M~eai~H utw~~ or s~~d iuxi end on ~ii eq~~p~~+ent ~~;d p.r~a~a~~,r ca.~rsd u~ si:is rr.o:ig-
~gs, with ~11 p~~miums thereon p~~d io futl, fi~e insurance ~n ~hs u~ud iundud poficy loim, in • sum appro.aJ b~ ~he MORiGAGEE, •r~d w~.xlt~am
msur~oc~ Ie tM uswl ttandard pol,cy Iwm, in a sum appro.~d by tM MORTGAGEE, in ~uch company w tompan~e~ a~ 1F» MORTGAGEE may
d~rech ~nd .al) (ir• ~nd wind~l~n? in~uraou polic:~~ on any of wid build~~+pi. +ny intsre~t the+ein or pa~f thereof, in iM apg~eqe~~ sum ~foresa~d a
in ~xcsu ~hneoi, ~hatl conain ~h~ uwal ~randard morrpa9N dau~t w such o~her d~us~ fM Mor~9•gee may ~equu~, m~?inp the ~oss v~cler ••~d poli-
ues, each ~nd ~vKy, payabl~ to s~~d MORTGAGEE af ~ts intaeN may ~pp~u, ~nd each and wery wch poi~cy ~h~tl be prompdy au.grxd ~nd deli~ered ~o '
•ny MW by u~d MOR?GAGEE ai furd,N secwiry ~o s~id mw~pw~ deW, and, not I~ss ~Me an (101 d~y ~n adw~ce of ~he expu~tio~ 01 ~ach pot~cy, to d~-
I~~er Io t~id MORTGAGEE a renewal Mer~ol, ~o9eeher with a receipt fw ~he Q~emivm of such renewal; a~d ~here ~hall no f~re o. windato~~n inturanc~
plac~d on ~ny ol said buitdin~~. any intereif Ihe~~in w p~~t IMreof, unle~s in 1h~ iwm and with tM los~ payable a~ a(o~e~~id: and in the svent any wm
of mon~y becwne~ p~yabk ~ndN fvch policy w poliues uid MORTGAGEf ~MII haw tM opt~on ro rcce~ve and apply tha same on ~ccoum of ~he indrb~ed-
nass sscur~d Mr~by a to permit ~aid MORTGAGORS 1o receive snd us~ it a+ny pa~~ ?he~eol for ori~e~ i:ur~~cs~•s, v.nhw~ ~h:nu~ .va~+~.~7 0~ ~~~~p~~*•
sc
ing a~y eqvily, lien p right undsr or by v'utw of lhis morsgaq~r +~d in ~ht event iaid MORTCaAGORS fhall fw any rsswn fail to keep the said pr~mi~e~ ~o .
~nsured, o~ fail b deliver promptly ~ny oi said polKie~ oi in~uro~ct to faid MORTGAGEE, w fail promptly to p~y fu~ly any pre~~u~m therefo~ or in any •
respect fail ro pKtorrt~, d~uAa~ge, exccute, eff~ct, canpl~te, comply with and abids by thi~ tovenoM, u ~ny par~ he~eol, faid MORiG~1GEE may p~~te a~.d •
pay for tuth insu~ancs w ~~y part thereo} wilhout waivirg or afiectlnp any oplion, li~n, equ~ty, w right under or by vi.lue of ~his Mwtyage, snd the `
full amovM of exh ~nd tvNy such paymsnt shall be immediately du~ ~~d p+ysbls ~nd shall bear interest from the date thereof until p~id a~ tns raie o1
n~ne per centum per annum and iogeiher with such interos~ ahall ba secured by tF+~ lier? o( this mo~t9sge.
1. To p~rmit, cwnrnit a wffK no wast~. impairment a deteriw~tan of ~aid proptrty or a~y put thereof. .
5. To pay all aod singulx tF» costs, chupes and ~xpa+ses, inclvdir+p a reasonabl~ sno~~ey'a fee and co~ts of ebstracts of t~tle, incuned w pa~d a~
any time by s+~d MORTGAGEE, because a i~ the twnt of the failut~ on the part of 1M uid MORTGAGOR to du~y, p~omptly +nd fully periwm, d~schargs.
e,~ecute, effect, compk~e, comply w~th ~nd ~b:d~ by each everyr ~hs itipul+tion~, a~~eeme~ts, conditions, •nd covenants of ssid promissory not~ and ~h~i i
,~,orTgaye any w eitha, and sa:d costs, charges and e:penses, each ~nd every, sMtl be immed'utely due and payable; whe~her a not there be no~~ce dr y
mand, sttempt lo tollect w suif pend~nq; and fM fvll amouM of eath and wsry tvth p~ymeM shall bea~ imorest (rom the date thereoi •~ntil paid at the
~.,~r of n;ns per ceNum pcr am~um; and all said coets, charges and expenses i~cvrred w paid, togelher .v~th such imere:t, shall be iecured by the lie~ of this
morigaga '
6. That (a) in the event of any brexh of this Mort~~ye w default on the pe~t oi the MORTGAGOR, or (b) in ~he evrnl any oi aa~d sums of money
herein referred to bs not promptty snd (ully paid within th~rty (3p) days next after the same severatly become due and payable, without demand or ~otice,
or (c) in the event e~ch and eve~y ~he stipu:ations, ~gresments, conditioni and covenanU of sa:d promissory note and th~s mo~fgsge any w e~ther are nof
iu1y, promptly and fu11y periormed, d~xMrged, execured, ei(ected, compkted, complied wirh and abided Sy, rhen in either o~ any sucl~ ~veM Ih~ sa~d ag
~regate sum mentaned in uid promiuwy ~ote then remaini~ unpaid. with interesl acuued, and all moneys xcured hersby. shall betome dw and pay-
eb:e fo~thwith, or ~hereatre?, a~ ~he oprion of said MORTGAGEE, as (ully and completely as if all of the sa~d s~ms ot money we~e agina+ly sriputaeed
ro be pa~d on such day, anything in sa:d promissory note or in this Mortgage to the contrary ~otwi~hsrand~ng; and thereupon w thereafter a1 the op~~on o(
sa~d MORTGAGEE, without norice w demand, suit at Isw a in equity, therefore w thereatter begun, may be oros~cuted as if all moneys secured hereby
~:=d matwcd pnw tc its instit~tiot~.
That i~ tF+e event that at the beginn~ng oi w ~t any time pending any suit upon this Matgag~, or to fwetlose it, or )o reform it, or to en(orce
payment of any claims hereunder, said MORTGAGEE sha{I apply to the Cowt baving ju~hd~tfion thereof fo~ Ifie appointment ot a Receiver, sutfi Court shall
(orehwilh appoinl a receiver of said mortgged property all and siny~lar, inctudmg all and •ing~l~r the income, p~ofits, issues and revenues from whatever
so:,rce derived, each and every of which, it beirg expressly understood, is hereby mortyaged af if apeu(~cally xt fath and desctibed in the yranting and
habendum dauses hereof, and such Receiver shall Mve all tFx broad a~d effecrive (unciwns and powers in anywix entrutted by • Covrl to • Receiver, ar,d
s, ch appointment shsll be made by svch Cowt as an admitted eqoity and a rn~tter of absolute ~ight to sa~d l4~ORiGAGEE, ~nd withovl reference ro th~
edeq~acy a insdequacy of Ihe vatue of rhe p~operry mortgaged a to the sotvency or ~nsolvency of said MORiGAGOR w the deiendams, and ~hat sxh
re~~s, profits, income, issues and revenues sM~l be applied by such Receiver accwd~ng to the lien w equity o1 said MORTGAGEE and ~he pract~ce of such
Court. t
8. To duly, promptly and fully per(orm, diuharge, exccute, efieel, complcte. comply w~th and abide by esch artd every the st~~x,iations, agrcemems, !
cond~rions and covenaros in aa~d promissay note and this mortyage ut fqth. 5
9. That in the event the ownership of the mortgaged premiset, a any part thereof, bccomei vested in a person othe~ than the MORiGAGOR. 1he " °
h'.ORTGAGEE, ita auccessws and assigns, may, wi~hout notice to the MORTGaOR, deai with such successa w successor in ~nterest wifh reference to this
n o•rgage and the debt hereby secured in rhe same manner as with Mo~tgagw without in sny way vitialing d d~scharging the Mortgagors' IiabiGty he~r
~cder w upon :he debt hereby secured. No ssle oF the Fremises hereby mortgaged and no iorbeuance oo the part of the MORTGAGEE or iti succeason
er assig.u and no extension of the t~me fw the paYment of the debt hereby secured yive~ by t6e MORTGAGEE or ~ts successors or auigns, shalt opera~e
~o re~ease, d~xharge, modify change w atfect the wiginal liabil~ty of the 1WORTGAGOR herein, either in whole w in part.
10. It is spec;fically agreed thst time is of Ihe esserxe of this co~tract and that ~o waive~ of eny obtigat~on hereunder or of the obtigatbn se-
c~red hereby shall at any time tF~ereafter bs Meld to be • wuver of the /erms hereof a of the insrrument secured herby.
11. In add~rio~ to the forego:ng momhl~ payment: of princ pal and imerest required by the prom~sscry note sewred hereby, mortgagar covenanfs
a~,d agrees to pay to mo:~gagea with each monthly payrnent an add~rional sum estimated by mwtgagee to be equal to 1/12 of tha annua~ cost of the follow-
,3.
A-All real property taxes Iev~ed o. assessed ag~i~st thc above describ•_~d real esrate.
B-Prem~ums on f:re and windstw~n insurance as Fxre~n requ~red to be canieo on the improvements situate on the above d=scribed premises. ,
C-Premiums on wth mortgage guaranty insura.~ce es rtw~tgagee shalt from t~me to time deem f~t to carry on the loan secured hereby.
' Mortgagee s!w'1 frcm time to t~me notify mortgagor in vvriting of the amo~nt d~e and payable hereundrr and such sum shail there~pon be due and =
i : a,able oo the due daie of the ne,ct monthly payment and eath successive month thereaiter ur.?il mortgagee shall notify mortgagor of s change in wch ?
i ount. $uch sums sF.aH be applied by matgagee toward the payment of real property taxes, insurance prem.ums, and mortgage guaranty in.~a^c~
f _..er,;~um3.
~ IN WITNE55 WHEREOF, the said MORTCaAGOR has hereunto set his hand and seal the day and year first aforesa' .
~ 5' Sealed and delivered in he prtsence of: %
~ k L. Davls s~
~ , T-- (sea0
~ i~ . r,' Patricia A.
~ _ , : _ Davi 8 ~.q
! ~
S?:.TE OF F101[TDA . ' ' ' -
St . Lucie ~ ss.
~JUNTY OF - ;
Befwe me persona:lx appeared iidri~ I.. Da?"v2S Y ~ ~
Pa t r i c i a A. Da V 1 S his wife, to me welf. k~gwn a~d krpwn b_~+1, to b~
~he ind~viduals described in end who executed the for~ i~sIt~~nent, and know(edged befwe me that they -exec~tf~ ,11+e sarrK for ~ro pur,po~es
Y21~Z1Cla A. ~dViS ~i ; ~ n 4 ~
t~:e~e~n expressed. And the said • ~ - : ~
r :?ia rk L . . ~ . ~ ~.e ~
.e of tF~e said DdVl S '.i' ~o•~•~~ R~ ~
,e exam~nation by me taken separat~ and apart from her said husband, acknowledged to and before me that she executed'4~i~ vAstr~inah4i ~r~tlj ~nd volun- :
~ r~~,;y and witho~t any compulsion, constr~int. ~pprehen~Lw fear of or from he~ said husban~~l - -?~,ir?yi,, 7,' f
WITNESS my hand and of(icial seal this = day of ; t A. D. 19 ~
~ r', ~ ~
« ~.t_
~ Notar PubGc in and for the State of Fbrida at large
~M~r~mmission expires:
~ Return To:
~ Firu Federal Savings a loan Associat~o~
Of Fort P~erce. ~_4 '
~ Fo~t Pierte, florid~ ' ""~1 S~it~ Of FlQp,~ i~ ~x~
~ ~ t_~_-
~ ~+R'~s A+rg. 30, 19gp
~w~.1 h A+«+s.. r:• ~ c.,s,r. Co.o... .
~ This Instrument Prepared By Gary F. Ellwood RECQ RDED
~~rst Federal Savings b loan Association ~.~~~f p011M7Y F~
of Fort Pierce ~OCEp P~~tp~s
Fort Pierce, F~orida 33450 0 R 7 ~t tpK C«~~~~ ~O
~ ~UOK~~V ~'A~E .EP?F1E0
`:,~,~ked BY~=---- 2 58 ~
~y 3 ~
~
~ 3f~i~5 -
mp
, ,
. . 3 ._a 7.cn'ea.-