HomeMy WebLinkAbout0831 3. To pl~c• •nd con~inuovaly keep on tM tw~;d~rp~ now w hsr~afta ?~lusq or fud land a~+d on •Ii equ~~.~*+em •~d ~~w~•ur co~.e~ed by th~s mor~g-
•gs, with ~11 pr~mwm~ ~hercw~ pa~d ~n tull, fu• miw~~t~ ~n ~h~ usv~l wndud po1Ky lorm, in • w~~~ ~pp~oved by ~he MOR~GAGEE. and w~~~Jstorm
~ns~r~nc~ ie dM u~wl ~tandard po~~cy fW~n ~ sum ~pprovtd by ~M MORTGAGEE, in suth <cxep~ny or tw~~n~n~e~ •s th~ MURIGAGEE m~y
dutUJ ~nd •II iir~ •rx! w~~d~torm in~w~ne~ pol~c~e• on ~ny oi u~d 6u~td~~yi, ~ny Inqr~~l ~hareio or p~rt ~he~eof. in Ih~ •py~e9ue ~~m •lo~efa~d w
In ~,ce+s ~haeof, sMil con~~~n tM usual ~~~~xlud matpspN dauw a~~ch o~Mr cl~w~ ~i ~M Mr~ps9N m~y ~eq.,.r~. m~?~r,y ioa~ under se~d Noii-'
c~••. •.ch •nd w..y. parab~• ro ~aid MORiGAGEE in~~.a~ may •pp~ar. ~nd Nch •r~d ~~~ry a„ch poncy shau b. p~a.,pny ~ff gnad ~nd det~.e~ed ~o
~ny hsld by s~~d 1NOQIGAGEf a~ fu~eh~r ~rcurity ~o said mwtpap~ d~b1. ~nd. eW I~u IMn qn l10) dey in ~d~ance o( ~M e,p~~at~on of e~ch po~KY. to d~• .
I~ver ro uid MORiGAGEE a ~~new~l thercol, tope~Mr with • rece~p~ Iw ~M pr~mium of ~uth renew~f; and ~here iha~~ be ~o I.~e or w~r~d~ro•m i~svr~~ce
plscrd on a~y o1 uid b~~Id~~g~, •ny intert~t tMr~~n a parl tM~eol, v~les~ in ~M form •nd w~th ~h~ ~ou patable a• •faeso~d; s.+~ in tM evenl •ny sum
of money becomes payable unde~ ~uch policy or polKia u~a !MOItIGA(itt fh~ll h~vf IIIf Opf~p1~ 10 tKtl~v~ ~nu appiy ~ne s~~ne w+ ec~uu:~~ i~~a 6~.;.~~r.:•
ness sKw~d hNeby w to pe~mit w~d MORiGAGORS lo roteiw ~nd us~ U a•ny perl Ihc+eol fw om.v purF cars. .•.;~n~~,;t thr~~.,r h_~~~,7 0•
~r+g any puity, G~r? o~ ~~ght under w by virtu~ ol thi~ mortppr, ~nd in IM ~wnl ~a~d MORiGAGORS theU fa ~ny rs~ta~ (~~I to ketp tF+e s~~d Wem~ses so
~ns~red, a fa~l ~o del~ve~ p~a~pHy any ol se~d polK~cs of +nfur~nc~ ~o a~d MORTGAGEf, or fait promp~ly to pay fuily any pre~nl~•n rhC~efor oi a~y _
respect fait fo perlwm, d~stharge, execure, •I(~ct, compleh, comply with ~r+d ab~d~ by ~h;s cov~~an~, a sny pere hrreo(, se~d MGRT:~AGEE nray plaCe a~~d
pey iw tvch insurar~ts or ~ny part th~reof wnhout waivi~ w•(tMinp any oplion, li~n, eqwty, or rigM unda w by virrw of ~his Mor~gage, and ~he
fu11 ~mpunt of s~cA ~nd ev~ry such payment ihall be inur~etli~tety dw ~nd p~yabt~ ~nd shsll bear inttrest from tM d~t~ theraof until pr~d ~t the rats of
~~i~~a pei CCnlvin pO~ enn~m enii 1u~rihr~ wun f~ti~ ~nYe~efi ai~~u we ~olvic~l Y~r iiK ..~i 'vf ii1.i +inwiyiyc.
1. To ps~mi~, comm~~ w suf(N no wasl~, impairment w deter~or~tion of f~id pfOpf/ty W My ~i~1 tlfC~pf.
5. To pay a~l ~nd ~in9ul~r ~h~ cwts. chu9es ~nd exp~nses, includ~rq a reawnaWe attaney i 1ee a~d coan of abstr~di of t~~le, incurred or pa~d a+
e~y t~m.e by ~s~d MORTGAG:E, becaus~ a in th~ ~v~nt ol the f~~lur~ on ~ia wn of ~M uid MORTGAGOR ~o d~~y, prompfly ~nd fu~ly pe~fwm, d~uharge. •
a,rcvre, elfec~, comptNe, comp~y w~th end ab:d~ by ~xh and evtry tha st~pui~tan~, ~yrcements, cwul~twn~, ~nd coven~nts of u~d p~«n~ssory note and ~h~s
.~:orrgays any w ei~her, and sa~d cos~s, ch~rgei and ezpenses, each •nd ~ve~y, ~MII b~ imm~d~~tely due and pay+b!e; whe~her or no~ rhere be noT~ce de
mand, attampt to coltecl or iuir pend~ng; and the full amouM oi each ~nd rvery iuch paymem ~hall bea. interea~ from ~he dafe rhe~eoi un+~1 pa~d a~ ~he
•,re o~ nine per centum an~~um; tn..-+ all s~id cosq, charyrs ~nd ea~+enses intuned a paid, ~oge~her w~th such ~ntermr, shall be ~ecured by the tien of th~~
mortq~~.
6. Thaf in the avsnt of any bre~th o( this AAatq~p~ or default on tir part of ~he MORTGAGOR, w(b) in the ~ven~ a~y of sa:d sums of monay
he.ein ~e(erred to be no1 prur~pHy and tully pa~d wi?hin th~rty (3+~) days ne~t aiter th~ same sereraily become due and payabie, wnhout demand or notice,
er iq in the avent each and every ~h~ slipulatio~s, agrcements, cond~tions and coven~nts o( ~a~d p.om~sso~y ~ote ard th~s nwngage any a e~~her are nw
ivty, promptly and (ulfy p~rfamed, d~uhar9ed, eaecuted, ~ffeded, completed, comp~~ed wiih and ~b~ded 'ay, then in e~~he~ a~ny such event the se~d ag
g~egate wm mentioned in s~id p~omiasory nor~ ~hen remaininp unpaid. with inter~~t ~ccrued, and all moneys setured haebY. ~11 becorne due and paY-
abie forthwith, o~ thereatter, a1 the option of ssid MORTGAGEE, aa fully and comple~ely as i( all oi the said t~ma of money were w.9ma~ly s~~pula~ed
!o be p+~~d on tuch day, enything in sa.d prom~sswy note o~ in this Mert9~ye to tM contra~y notwi~hstarxl~~~y: a~d thereopon or thereatter at the op~~o~ of
sa.:i MORTGAGEE, w~tFwut nor~ce or demend, sui? a? I~w or in aquity, Iherefae a thereaftcr begvn, may be prosec~ted as if atl moneys secured hereby
n_d maturet~ pr~W lo ds inftilutron.
7. Th~t in Ihs event th~t at the beoinnino oT or ~t anv time oendino ~nv tu~t uoa+ this Mo~toaqe, o~ to ioreclose it, w to ~eform it, or to enforce
pa.ment of any c{a~ms hereunde~, said MORTGAGEE shall apply ro the Court haviog ~wisdktion thereof tu the appo~ntmem of a Reteiver, such Coun shail
rc-rhwith ~ppoint a receiver of sa~d mwtgaged property atl and sin9~lar, includ~ng aIl and s~ngu~u the income, p~of~ts, issues and reven~s from whatever
s~ wce derived, each ~nd every of wh~ch, it beinq eapressly understood, is Fkreby mortgaged as if speuliully set fo~th and dex~ibed io the gron~ing and
F.~bendum clauses hereof, and •uch Rcceiver ahall Mave all the lxwd and ef(ec?1ve funct~ons and poweri in anywiie c~trusted by a Cou.t to • Rece~ver, and
s_ch appointment shalf be made by s~ch Court as an admitted equity and • matter of absolute right to said MORTGAGEE, and wi~heut refercnce to th~
edeq;,acy a inadequacy ol the vslue oi the proper~y mortysged or to the wive~cy a msolvcncy of said AAORTGAGOR or the dele~.dants, and ~hat s~ch
re•~rs, protits, income, issues end ?evenves shall be applied by such Receiver accord~ng ~o the tieo or equ~r~ of wid MORiGAGfE and the pra~t~ce of such
Co~rt.
8. To duty, promp~ty and fully perform, dixharge, execute, effec~, complett, comply with and sbide by each e~d eve~y the stipulations, agreements, i
cc~.d~nons and covenan~s ~n sa~J promasay nore and this mortgsg~ sN fortA.
9. ih~t in the evenr the ownership of fhe mortg~yed premises, or any part thereof, becomet vested in a person other than the h1QRiGAGOR, the
ti'~RTGAGEE, iU waesaors ar.d a~s[gns. may, without no~~ce to the MORTGAOR, deal with s~ch successw w successor in ~nteres~ wifh re[rrence to th~s
,~•tgage and the debl he~eby aecured in the same manner as with Nbrtgsgw withoW in aay way vilieling w d~xhe~ging fhe Mor;gagori iiabiiity hert
~~~dc~ a upon the det~ F+ereb~ secu.ed. No s~le uf tM premisef htteby mOAgag~d ~nd no forbe'arar+ce on the pan of ~he MURIGA(;EE o~ ~ts successors
e* ass~gns aad no exrer.s+on of the time for the payment of the debt hereby sccured 9iven by the MORT('aAGEE or its svccessors w ass:gns, sSull operate
ro ro+ease, d~xharge, mod~fy chang~ w~ifect the o~ig~nal liab~l~ty of the MORTGAGOR herein, either in whok a in part.
10. It is spec~fically agreed that time is of tl+e esu~ce of this contratl and 1Mt no waive? of any obligation hereunder or of the obligation st
c~~ed hereby shal~ at any tirne there~ita be held to be • waive~ of the terms hereo} a of the instrurtrcnt aecurd herby.
11. In add~t;o~ to tF+e forego:ny monlhly paymenta of princpal and interest rsquired by /M promistory ~ott aecured harebr, mortgegor covenants
a~ d agrees to pay To mo•~gagee v.ith eacfi monthty payrnem an addiiional sum es~~mated by mortyayee to be eg~at to 1 j 12 oi the: an-,ua: ccs: cf t~ tol;ow- ~
A-Alf real property ~a,ces lev~ed or assesscd agai~st the above desvibed real esratE.
B--Prem•umS on 1ne and wiRdstorm i~surar.te as hetein requ:red to be tarried on the ~mprovemtnts •ituate on the abovc dest.ibed premises.
' C-Premiums on such mortgage gwr~nfy ir.surar,ce af mo~tgagee shall from t~ine ta1Lm_e deerrs fit fo carry on the loan secured hereby_
Alortgagee shall from t~me to t~me notify mortgagor i~ writinp of tM smovnt dve and payabk hereunder and wth sum shal~ th~rcupon be due and
,~,ab!e on the dur dale of the next monthly payment and eath,successive momh theresfter ur,til mortgsyee shall not~fy mortflago~ of a change in suth
~ :,nr. Such wms sF.a:l be appl~ed by mortgaqee toward the payment of resl property ta:es, insurance p?emiums, and mwtgage guaranty insurance
k . _ .wms. ~
~ IN WITNESS V~H:REOF, the sa~d MORIGAGOR hss here.into set his hand and ?eal the day and ye~r tira~ •fwesa~d. ~
~ Si~nad. S~aled ~nd delivered i~ the pr~ssnce of:
~ ~e_- ~~~CPr~rr..c-o ;s~.~~
~ ' _ t~oa:o~ - ~~~a ~v~ a
~a.w Yo~~ cs~.n
f _ ~ " ~ a5iso cs~o
~ - ~ ~y~Cbestat Caunrr Z
I ~s MotcL 50. la (SeaD
4~ ~
5~ A1~ OF flC1Rl 1
C.^.Uti7Y OF ~ St. LtiC~~ i S5.
8efae me personafly appeared ~JtlV! B~iDCO and
K~z~ ~~~0 his wife, to n+e well known snd known to me to be
~he ind~vid;~als deur~bed in ~nd who execut~d the for~yoiny instrument, and acknowfedged befwe me that they executed the same fo! the purposes
rhe-e~n exp?essrd. And the said MyI~ BiaM'O
r~.'e of the said Stwt Bi~1100 upon a xparate and pr~vs~e
e.a^+:nat~on by me taken upa~afe and apart fram her said husband, ~dcrawledped to and belwe rn~ that she exetuted said instrument freely and volun-
y and w~tlwot any co•+~pols+en, constr~int, apprehens~on, a fear of or from her uid husbsnd. ~
WITNESS my hsnd and ofiic~al seal tF?~+ d~y of ~ A D. 19 77
. ;r;.~, J!t ~ .
~ ~ N!b i~MC+r~csr + r ' ~Q~
V `
~ aer~m to: DQatch 30 • ~ k~ : ~
~ Finf federal Savings 3 Loan Associat~on • 1`~~ ? ~ O ~
Of Fort P ercg. =iM ~ 0~ ~
~ •
Y Forr Pierce. Flwida ~ •s~ ~ - ~ ` '~L~
~ 3f 8463 s ~ ~ : o, -
~ ~ ~
~ , c ; ! . . ~ ,.~o
~ This Instrument Prepared By RObfz4 J. BVSns~ JZ. OEO ,3' 3 !
~ F~rst Federal Savings 8~ Loan Association FIlEO ANO NECWs
iT.ltiC~E COUNT~ FIA.
~ c,f Fort Pierce q06ER t0111U~
~ Fort Pierce, Florida 33450 ~~ERK CIRCUIT COURT
ry ~ . ~ ~c~~tFIEO
~ ked BY - ' 1 ~ ~
~ j U k e~
BUOK ~9 ~AGE ~~e7
~ ~ .
~h