HomeMy WebLinkAbout0424 To pl~a uid con~iewov+ly kNp on th~ buildinp~ now a hK~aftM ~ih,aN o~ Nid land and on alt eqvipn.nt a+d p~rwn+lly oovu~d bY ~hh ma?q~
sy~, w:th dl pnmiw~s ~Fwwn paid in iv14 fin iruwMa in tF» wwl ~~a+d~rd polky fam. in ~ wm •pprowd b~ tl» MOR~GAGEE. ~nd w~nd~tam
k»w~na in ~M wwl aW+d~rd pol~cy tan4 in ~ wm ~pprowd by tl» MORiGAGEE. in wcl~ canpany a con.p~nl~s a tM MORTGAGEE nwy
dindl M+d ~II Ik~ ~nd wind~~ann irowu~a policiN on arW d afd buildinp~. InNnst tFw~~in u pwt tlw.~ol. in ~tw p4rp~q wm ~faewid or
M ucan therwf, ~Ml{ conain ~M ~nual u~ndard mapapM daw~ a wch ah~r da~ a ~M Matppa m+Y ~p~+w. m+4~^0 ~M 1oa wda ~a~d poli~
ciw Mch and w~Y. WrabN ro s~;d MORTGAGEE a i1s i~uKKt n+~y ppwr. and .~cl+ .nd ~w?~r w~h poircy sha11 b~ a~~P~~y ~a~9nH! and d.i~wr.d ro
any h.ld by s.td MOR1W?GEE .s iunh.. ucwih ro s.td mor+p+p. d.b4 ~d no~ Ip~ th~n hn l~0) d~y~ in ~dvaou ol ~h~ ~xp1?~tion of ~~ch pol~cy, ~o dM
livK to s~W MORTGAGEE a nn~wd tMr~of, top~rhK wi~h ~ nutpt fw IM p~miwn of wcA r~wal; u+d ~Mr~ ~hall b~ no fu~ a windstam in~u.~nc~ ,
n~ac.d en awp ei satd huiWLga. ~ny hfM~at thw~ ar pM t1~~of. vnlaa In ~h~ fain a~d wi~h ~h~ lou P+Yabh u ata~s+id: ~nd in tM ~vsm ~y swn .
of rrwrwy b~caMS p+yaW~ undN wch po1M? w policiN uW MORTGAGEE ~hall haw rM optan ro r~uiw +~d apply tM sam~ on account of th~ ?~d.b~ed~
n~u wcw~d I+N~by or a pwmif s+id MORTGAGORS to nniv~ and us~ h a~ny pan tAawf fa o:her purpo~u. w~~ha,~ ~hxeb~ wa~~~~~q or ~+np~~r• ,
~^q M+Y pv~tlr. INn a riph~ w~d.r a by vir~w of ~hi~ nanpap.r +~d tn ~h. •wm ad MORTGAGORS ~h.11 for u~y r.a.on tail ro k..p ~h. s.~d p.an~ w
~~uund, w i~it b d~liw. wa~~r •~r of said policies of hawanu ~o wid MORTGAGEE, a tail pomptly fo paY fully any pr~miwn tM.elw a 1n ~ny
~e~aet fatl b~rfonn. dt~ch~roe. ~x~cuf~. tHKb t~omO~t1~. ooenplY vrilh ~rd ab~d~ b1l this tovM+nf, Of My ~fl IIHfOI, s+id MORTGAGEE m~y place artd ,
P+Y fo~ wd~ Mwranc~ w~e?y part thenof withoW w~ivinp a sff~ctinp aehr aWioel, ~iN4 pwtY• a ~iph1 und~r a by v~rtw ot liwt Mori9ayt. and int :
. ~~u .mow+~ of .ach and .w.y such payn+.m sh.t1 b. ~mwd+•a1y dw u+d p.r.bw .nd .1?.11 b.+. imK~st t~om ~M dat~ tMreof untii p~id at th~ at~ of , .
r,~n. pK petwn pN ~nrwm and ~oyetM~ with wth inure~~ sh~li b~ wcw~d by tM li~n of thi~ mortpp~. t
a. To pKinit, oa~mit « wfi~. no wuq, M*Wkm~m or dNKior~tion of said propaty a+nY wN ~i~enof• ~
~ S. To p~y all and ~inpular th~ ooat~. d+npr+ ad ~=PMw~. indudfnp a nasawbi~ ~no?my's (N M+d cosb oi abstracn oi titl~, inc~rr~d w paid ~t
sny tims by soid MORTGAGEE. b~cauw or M ths ~wet of tM tailun on th~ pw~ of th~ said JNORTGAGOR w duly. pranPtly ~nd fully per(wm, d~xhatp~.
execut~. ~i(M. caepl~t~. oomplY wilh ~nd ~bid~ by ~ach ~nd way the stipvlNion,, apree~nu. ca+d~tio.u. and aowna?n oi sa~d promiuory not~ and tFw
mon9ap~ any o~ ~iNw~. and t~id co~N. chwpN u~d ~xp~nws, Nch ~nd wNy. sMll b~ imm~di~~~ly dw and pay~bb: whether w eat ther~ b~ nor'~ce ds
mand. ~n~mpt to colket oi wif ps~dinpj ~nd tM tvll aenowN of Nch ~+d ~y svch paym~nt ahall b~~. inte~es~ frorn th~ daq thaeof unril paid ~t ~he
rare oi nin~ pe~ centum per arn~wn: a~d ~II wid oosts, ch~r~ and ~aper~ MKwr~d or paid, wpetf+a w~th tuch intK~s1, ~hall b~ sawad by tM lien of thi~
mo~tOp~,
4. 1Mt W in tla w~nt of any brNCh of thb Monpp~ or d~fwl~ on th~ pa.t of ~M MORTGI?GOR. or (b) ln th~ wa+t u~y o~ s~+d wms of mon~y
herein ref~ned to be ~of promptly ~nd Fully pald within ~hirty (~0? days n~at afta d+~ sarn~ s~var~~h beca*~e due and payabb. withovt demand or no~ice,
or (d in ~h..v.m •ach and •v.ry ~M ~~ip~latsons. +p?e«n.n~s. condir~an +~+d cov.eann of sa~d prom~uory not~ and th~s ma~pape ~ny a either a~~ no1
iuly, promptlr ~rid fully pNiamsd, d~schar~d, ex~a?tsd, ~ft~ct~d, canpl~ted, oanplwd with and ~bided ~iy. ~he~ in ~~+har o? any ~uch wem tM ~+id ~g
preqat~ wrti rtwMiawd in Nid ptomiswry not~ fhen r~ininp w~~d. Mifh inlaHt Kuwd, and all mor+eys aatur~d he~~by. sh~lt bsao~~u dw ~nd p+Y
abk fathwith, p tMfNffN. ~t tM option of uid MORiGAGEE, a fvlly and compbuly ~s if all of the said wms of mon~y were a~ginally st~pul+ted
ro be pa~d on s~?ch day, anythinp in s+id promissay nob o~ G+ M~is Mortyye to th~ conuuy notwitMu.din~; and th~reupon o~ theroefea at tM opt~on of
seid N40RTGAGEE, witFwW nwic~ or d~mand, wit st law ar in :pvity, tlwrafor~ or tMr~after Mywf, may be prosecvted ~s If all moewys s~cund hereby
had muwed ~at 1o its ira~itution.
7. Thn in tM ~vem that ~t the bpinninp of or at anr t~ p~ndiig any wit upon this Matg+g~. or ro faecto,e i~, w to rofam it, a fo enforq
paymer.t of a~y clahns M~e~x?der. ~+id JNORTGAGEE shall apply M 1Fr Court havirg jw~sdictan ~hereof (or tht appoiR~ment of ~ Receivcv. such Coun shall
Fa+hwhh ~ppoieM a recsiv~r of taid ~nort~ap~d properfy ~11 and sinpulu. inchd~np ~11 and sirqulu tFw income. prolits, issues u+d reve~ues from what~ver
wwce daived. ~ach a+d every of wh+ch, it beinp ~npnssly w~dKSlood, is i+K~by enat9ayed q if tp~ci(iul~y se~ fath snd deuribed in the ~r~ntinp and
hebendwn claus~s hereof. ~nd wd~ Rec~iwr ~h+ll h~w ~II tM bro+d and effectiw functwm ~nd powers in ~nyvrise MM»ted by ~ Court to a Receivp. and
~uch ippoinfmtnt ahall be made by wch Cowt as ~n ~dmitt~d ~quiry ~r+d ~ m+fter of absoluN ripht fo ~aid MORTGA~GEE, ai+d wiiFavt refpenc~ ro ths
adeqv~cy w i~sd~q~racy of ths valw of tM property nwrtyap~d or ro the wwency or insolverKy o( s~W MORTGAGOR a the defendams, snd that wch
ren~s, profin, incoms, iuws and r~wnua shall b~ appli~d by such Receiwr accord~np to the lien a equity oi said MORTGAGEE u~d the practic~ of such
Court.
8. To d~ly. promptly and fully puform, dncharye. ~:ecut~, eHect, compkte, canplY with ud abid~ by ead+ and ev~y the stipubtioris, syreementi.
conditioeu and cove~+n~s ~n sa~d promissory not~ and this mortyape.s~t forth.
9. That in tM event the ownenhip of the morty~ped premiws. a~~y psn thereof, becarws wsted in ~ penon othe~ than the MORTGAGOR. Ihe
MORTGAGEE, in successws and auigos, may, vnithout notice to tM MORiGAOR, deal with suci? suttessa w uxcessor in interest with reinenc~ to this
matgpe ~nd the debt hereby sacwed in tM same manner a with Matpaya witlwut in any w~y vifiatirg w discF+u~iny IM Mw~9spws liability h~ra
under w vpon the dcbt her~by seevred No s~b of th~ promiMa Iwreby malps~d ~nd eo torb~ar~nce on the pan of tM MORTGAGEE u its successon
« suigm and no exreiuion of tM time iw tM p~ymenl of tM debf hertby secured pivu~ by th~ AhORTGAGEE w its wcc~siors w aui~~?s, sh+ll oper~t~
ro rele~u, diuh+ry~, modify thug~ or aHatt tM at~inal I'iab"Jity of tM MORTGAGOIt Irrein. ~ither in wholt o? put.
10. It is specific~lly a~reed tMf tiiw~ is of th~ euenc~ of ~his contracf and fh+l no w~iva oF any obtgatiae? hereix~der a of ths oblipation se-
cvred hareby shatl at any timt there~fier b~ heW b b~ ~ waher of tfi~ t~rena Mreof a d th~ imtrvnwM a~cw~d he~by.
11. In add~~~on to the forapo:ng monthH ps-yn~u+a of p~inc:pal and inrerest required by the prom~swry no+e secu~ed hereby, mor~gsgor coven~nts ~
and agrees to psy to mortgsgee with esc1~ monthly payment ~n additional wm estimated by matgapee to be eqvai to 1/12 of the ennual cost of the fdbw-
ing:
A-AII re~l property ta:es lev~rd a sssessed against the above desaibed real e~ta?e.
'i B-Premiums on fire and windstorm imurance ss herein req~;red to be urried on the improvemerts sifwte on the above described premises.
f C-PrNniwna on wch mort9+Qe 9wr~nty. inwrante u mortyayaa shall from time to time deem fit to urry on the loa~ sec~red hcreby.
~ N{ort9agee shall from time to time notify mwtg~yw in writiny of the amo~M dve and pay+We here~nder and such wm :MII thereupon be due and
Yayable. oa the due date of ~F?~ r»,et rtanthly paymeet and ~ach wcc~asiv~e month th~reafte~ ur,til mwtqagee sh~tl ewtify mortgagor of a charge in wch
amaunt. Such :wns ahall be applied by mwtps~e~ toward tFw payment of roil prope~ty taxa. inwrar~ce prem:ums, and mort9aye 9wranty inw~ance
premiurtq. i
I WITNE55 WHEREOF, th~ s+id MORTGAGOR h+s heravnto s~t his hand and ual th~ d~y snd yeu fiuit aforesaid.
/ a prp~e~u of: ~
~ L. Scho $ ~
~
% -7- _ L%e~ 1~i ~ ~8 . C OZ E ~ ~ -
57ATE OF FLORIOA ,
;a . : _ ~
'-~a {
~ti • av~ ~g ~ ~-'~Ji~!'~ i! %~e `~C'~
~viiivYY t~F
~ ti`t ~~~~1 ~ '%-,~;r~ .
8efore me pe~sonaUy ~ppeared Edgar L. Seholtz :~i
;~f'
. O Z :
ha wife, to me weN nis.~~o.~.
rhe individuab described in ~nd who execvted th~ forpoinp irotrwe~t, and acknowt~dp~d b~for~ m~ that thep execvte~ ~ ~
rhe.ain txptessed. Md th~ si _ 1.4. ^
,,.;F~ of Ed~ar L. Scholt$ ' ~ ~ ~ ` '
~Ooij . +r.~
exemtnatan b~r me taken separate and ap~rt fran her aid faisband, adcrwwledped to and befw~ rr» that she executed s~~'"
rar~ly and w~thow ~ny compvlsion, corutrsim. or f of or from Iwr s~id M~sb~nd. r~~~.
appr_"" j~' ~ ~ ~ i~ '~t _ ~ " ~ ,
WITNE55 my hand and official sNl this •l d~y of ' r~ ~',~it' ~
~7 ' ~ ~ • - ~
" ?:'~%~ir ~t~tINH1~
Notary Pubi -br-and f~r-fM Stat~ of Aosidi~t l~Ql "
Myr Ca~n+a!bn ~~~s: , , . .
Return Ta. ' ~ _
F
FIf{t F~lfa~ .~iVi(I~f a ~.OS11 ~fOC1N1/0f1 - 'I' ~ t ~
Of Fort Pierce. ~nE~
E ~ Jre~•~ :i _
j~
Fort Pierce. Fiwida .
ccER~c
acuiT
couRT
nr~-~~ VfRI
FIEO~ ~1
This Instrument Ptepared By Cal'Ol H. Bul'ns --~~1 Q~
First Federal Savings b loan Association ~0 37 d~ ~ q 1
of Fort Pierce ~ I
Fort Pierce, Florida 33450
3~Q2'76
Checked By
~
_ BooK.~7~1. ~ ~ 424 .
~