HomeMy WebLinkAbout0426 To pl~c~ Md contiewoush Iu~P on tM buildinq~ iaw a h~rwha siWab or Hid I~nd a~d m ~II puipnwnt aed perwn+lly cowrod bY tM~ n+o.q~
~p~ with dl p~n?ium~ tMraon p+id in f~11, fin inwra+c~ in tM wwi •~.nd«d po~kr M a~+VP~~ by tM MORiGI?GEE. ~nd wind~ra~w
~rnw~nc~ N ~M uwal u~ndwd po1K1? fan~, in • w~n approvd b~? Nw MORTGAGEE. M~ wcl~ companY a~a^P~o~a a 1M MORiGAGEE may ; r^
dincti -~nd ~11 ik~ and wind~ann uuw~na policiN on ~n11 of ~+id buildinp~„ an~ MN.a~ ~ANNn oe part ~Mrwt. 1n ~h~ app~p.~~ wm afa~s+td a .
b? ~xaw ~hK~of. shall conuin tM uswl ua~d~.d mappN clavw a wch ai~ dwN a Nr Mo.~9pM ~Ir .pu'u~. ~ki~q rM ?o~~ w+da ~.~d po14
c~, wch and ~r~rN. WY~bN w aid M10RTGAt~EE a~n inhraN n~a~r +ppN?. ~nd e~ch ~nd ~v.ry wch policY ah~ll b. pramp~h us.y~.d and d~1i~...d ~o
any h~ld by s~W MORiGAGEE ~s fv?tAr acwiryl W said maq+p~ d~W. u~d. ~01 ~aa thw+ hn (~0) d~ln M~dvu~a of tM ~aptration oi ~ach policy. ~o de
Ilwr b aW MORTGAGEE ~ ren~wN tMnof. ~opahK with • r.c.~p~ f« ~M p?.m~wn ot wch r~w~l= ~nd tFw~ ~h+ll b~ ro lu~ a wi~+d~~am inwanc~ ;
~!~Q c~ ~++~r c~4 s~~ l~u~l~i;.~; ~y t~u.w dw~in or par~ IMr~of. unlps In ~h~ fam ~+d wi~h iM lou P+ribl~ a~ ala~ids ~ad in tM ~wM ~ny iwn -
of moewy b~cana p+y~bb ~~da wch policp a polici~~ wid MORTGAGEE shal{ Mw ~I» op~ion to naiv~ and ~pply tM s~n~ on +cca?~~ of IM irWebltd _
rntt 1KVnd lyr~by p q ps~mit Mid MORTG/1GOR5 f0 (Kaiw ~nd uM If p~ny pul tM~~of Iw other purpof~s, witlq~t ths~eb/ w~ivi~~ w~mpair-
iny anY pvity. IiM a riqh~ w~ w b~r vinw of tha earepapq and M tl» ~v~nt wid MOR1Gl?GORS ~hall for a+y n+wn fail w kNp ~M wid pr~mis~s w ^
in~ur~d, w}~il b delivK ao~,~N +~r os ~aid po1Ki.~ of imw~na w wid MORTGAGEE. a iail promptly to p~y tu{ly My p?~mium thaefor or ie~ any .
~.u ~wfwrw, di~cluro~. ~a~cu~e_ ~ft~tt. oortql~l~ tomolv w11h ~nd abid~ bY~tlw~ townaM. a~ey part haeof. said MORTGAGEE may place and
paY fa wch haur~ or ~ny W?f tMreof without w~ivinp w afhcliep sny op~ion. ~i~n, p~rihl, a riphf w~dM w by v~rtw ot ~hi~ Ma~paq~. and ~i?e
full amowu of ~ad~ and w.~y wch p.~m.e~ ~ha11 b. i~++m.d~.Mly dw .nd p.y.bl. .nd ~+.11 b.ar i~~Kes~ from ~M da~. rl+ereo( ~ntil paid s~ tM raa o1 ~ ~
n~ne pu oemwn pa arowm and ~op.~tx. with wch io~a.s~ sAall b~ s~cw~d by tM tiN+ o/ tAi~ mortyap~.
1. To pennit, com~nlt w wfi~r no waat~. MnP+km~m a dN~ia~tio~n of said p~op~rq? a snl? P+~
S. To par all w~d sinp~l~r 1M coats, chw~ a+d ~xp~n~es. irKh+dkip ~ ~~+~on+bl~ mamy's fN a~d ooit~ of ~bsh~ct~ oi titl~. incwr~d a paid ~t
•ny tinw by s+id MORTGAGEE, b~uu~ a in t1w w~e?t of tM f~iluh on tFr pa~ d tM aid MORTGI?GOR a duly, promptly u~d fully pKfwen, dixhupR
execut~, ~tfw. compMt~, compy.wi~h ~nd abid~ by each ad wMy tM atipulNion~, apr~ne~M, caditiora. ~nd eownanb oi sNd pom~uory not~ u~d ~hi~
~r+orryap~ ~nr w dthe~. and u~d costa, tMrpes a~d ~xpMSes. tach ~nd way. ~MII b~ Lrorwdiat~ly dw and payabb: wlxiFwr w not ther~ b~ no~~ce dr
mu+d, atNmpt ro col{sct w wit p~r?finpt ~nd ttw fvll arnount of tach ~nd wwr wth p~ym~nt th~ll bMr inter~s~ irom ~M dat~ ther~of un~il p~id at thc
~a~e of nie» pN csnwm p~ar ua~um; and ap Mid costs, cha?~s ~nd ~~PMS~t i~ur~d a Wid. Iop~thK wi~h wch i~~ere~f, th+ll secu~ed by tM tien oi tbu
mortqap~. '
b. 7Mt (s) In th~ ~wnt of My b~a~ch of tld~ AAatyap~ or d~f~rlt on N» parl d th~ MORT(sl?GOR, a(b) in tM w~m any d ss~d awm of ~an~y
herein r~fKred b M no1 pranptly ~nd fvlly paW within thirfy (30) day~ aex~ ~fNr tM a~ ~evaally becwne du~ u+d payabl~. withouf dcmand a notice. .
or (c) in tM ~vMt eacA snd wery tFw stipulatwe?s„ ap~~nenta. conditioM and tovawots o( satd promiswry ooq and th~s matpap~ ~ny w eithe~ are no1
iuly, promptlp w+d fully pMfwmd, d~schs~ped, ~x~cuqd, ~ffeNd. canP~tl~d. compli~d with ~nd +bided tiy, thsn in ~~th~r a any ~uch ~wm the a~d a~
prcy~t~ wm mtntaend in Nid promissory rwt~ fMn r~lnin4 unW1d. with inlMat accrwd. ~nd atl moneys secw~d haeby, ahsll b~ooi*~~ dut ~~+d pay-
sble iwthwith, or tMreah~r, at th~ option of said MORTGAGEE, a felly ~nd coinplNt~p u it all of the said sua+s o( morwy wero ay~n~lly stipui~tcd
ro be paid on iuch day. Mythi~p in said pomnsay ~ote or in this Maqaq~ ro ~M con??~ry ~otwi~hs~~+dinp: and the~wpon a thereafter at tM option of
~aid MORTGAGEE. wi~hout ~orip w d~mand, wit a~ Iwv a in puity, tFw~fon o? tFw~ai~e~ beyu~, may b~ prosecwed ~a if atl maKya securd hsreby
had matw~d prwr to iri inititution.
7. Th~~ in tM went that ~t ths bpinninp of a~ at any tim~ ~nelirp ~ey wit ~~on this Mwtpap~, o. ro fweclos. N, or 1o refwm it, or to a~forc~
payment of u~y claims haew~le~, ~sid MORTGAGEE alwll apply ro tM CouM Fyvinp iwisd~ction thereof f« the ~ppoint~nN?t of a ReceivK, such Cowt shall
Forrhwith ~ppoint • receiva of s~id mat~ap~d property all and sinp~la. induduq all u~d a'wgulu tM incarw, profib. i~sws and rwenues frpn wha~~v~r
wurce dMived. ~ach and every ot which it b~inp ~xptMS1Y ond~ntaod, b Mt~by +natp~p~d +s if sPeufiulty wt for~h and daaibed in ~M 9rantinq and
habendum cl~uses Mreof, ~nd fuch Repiver st~sll Mve ~11 tM broad a~d efi~ctiw f~?nn~«» «+d powen t~ anyw~s..r+~rus~ed by • Couh ro a Reeeiwr. and
such ~ppointmeM shall be mads by s~ith Cowt as an adrnitted eq~itr ~nd ~ matMr of ~bsolute ripkt ro Ntd MORTG/1GfE, and wi~hout refercnu a ths
adequacy a inaJeqwcy oI tF~ vdw of th~ propaty morp~p~d a fo tM ~W~rencl? a„inw~veocY of said MORTGAGOR a the defendann, and ~hs~ such
ren+s, profits, incoms, iuues u~d revenues sMll b~ appli~d by such Receivtr +aotdinp ro tM (ie~ or puity of s+id MORTGAGEE and ~he pr~ctice of wch
Court. .
8. To d~rly. Promptly and fulFy pafonn. d'~scharps. ex~cu+e, ~H~ct, tanPl~ts, oomplY with and abid~ by each and wKy the stipula~ans, ag~eemenn,
conditio~s a+d coven~nts in said promhsory not~ ~nd lhis mo~ay~ sN iath. -
9. TMt in tlw event the ow.~enhip of tM ~nortgaped premiies, w u+y psrt ttiereoF, beoomes vhred in a persa+ o~har tMn the MORTGAGOR, tM
MORTGAGEE, iri wtce~wn and augro, may, withoul nofiu to th~ MORTGAOR. dt~~ virith :uch sutceswr or successor in iMerest with referente to th;s
moT~gay~ u+d tM debt hertby sea+r~d in 1ht s+m~ marr+er as with Mafyapor without in ~ny wiy vitiatinp p diuharginq the Mortg~gon' liability hert
under w upon the debt Iwreby sawrad. No sab of tl+~ pemiws Meby nw~tyap~d and eo forb~ar~no~ on th~ paA ol ~h~ MORTGA(3EE a iH wcussors
o+ sssigns ~nd no exrension of the tin+e fa tM paYm~ne of tM debt he.~bp tecvred yhra~ bp tM MORTGAGEE or its aucc~sson or auiyro. ~MII oper~t~
ro release, d~sch+ry~. rrwdifp d+anp~ a'~ffed tl» aipin+l Ilabllity of tlw IYWRiGAtaOR 1?KeY+, eitiNr in wta(e a in p~rt.
10. N is spec~f'~catly a9reed Hut t~ is of t(» essenc~ of tFds coronct snd th~t ~o w~hnr ef any oblgatwn Fwreunde~ w of tf» obll~~tion sn-
a,red lweby sl~rll ~ny time tlwrwhw be M!d ro M a w~ivsr of tM t~mr Iwrwf a of ~ irotrw~?t secur~d FwbY• ~
I1. In edd:rion b ths fore9o:ng montFJy p~~e~enb of princp~l arw! intcrest rpuind by the•promi~wry note secured hsr~by: mortgagor covcnants
end agrecs to p~y b mo.~gsgea with eath monthly paYrtwnt an ~dditional ~um eUiaMtad by mortyap~e to bs eqwl to 1/ 12 of the annual cost of the fdlow-
ing: -
A-Atl rql property a:es kvied w assessed ayainst the above described real esuta
B-aremiuma on lire and windstwm inwr~noe as he~ein reqv~red fo b~ urried on the improvemrnts sitwte on the ~bove dex.ibed premises.
! C-Premiums on wd~ mortgage gu+ranty inwr~na as mortQage~ ahall from .f~me to time- de~m fil to carry on the loan secwed hereby.
I Mwtg~gee shall from time to time notify matgagor in w?itirg of Nr amount due snd payabk hereunder and auch sum shsll therevpon be due end E
j ~ayable on the due date of ~he next monthly paymsnt and eath suaesiiw month thereafter until mortp~yee shall notify matyagor of a change in such
amo~,nt. S~xl~ sums shsll be applied by morty~gee towa~d the p~yment of real property taxes. ioswance pem:ums, and ri~wtgage guaranty inwrance
p~emivmt. ~
IN WITISESS WHEREOF, the said MORTGAGOR I~as hereunto sN hi~ hand and ieal ihe day a~
fin~ ~
Sipiwd, S~atd and deli in tht pr of:
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-~tr .n~.u"" - - - - ~s~~n . ;
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i
SiATE OF FLOltIDA t ?
COUNTY OF St. Lucie i ~ ~
B~fwe me perwnally appe+~ed RObeit B. Wllls ~
= Patrieia M. WlZls his wife, to me well keown and known to me to be E
the individwb described in u~d who ~x~cuted the fapoinp instrwewet, and ~tfcnowktip~d before me that they executed the ssme fw tF~s purposes ~
rhere~n expressed. Md t1» ss~d Patrieia M. Wllls ~
wlfe of tM said ROblYt B. We~iQ upon a s~psrste a~d priv~t~
exam~nar'an by me taken separaN u~d ~p~rt from her said Iwsband, ~cknovvl~dped b and befw~ re» tFwt ihe executed said instrument ireety snd vol~o-
~er~ly and w~thoul any compubion, oor+striwn, appreheroion, har of or.from Mr aid husband.
WITNESS my hand and officia( ~I th~ day of `T t A. [1. 19 77
f+ <
Notary Pvblic in e fw St+te of florids at lary~
My Commiuion ' es:
Return Ta. . ~r ~yM~, S1sN ~1 lMeii~ N~~
Fint Fedenl Savings 6 Loan Assotiation ~~,~witsiew ExpirM irl/ »
Of fwt P~erte. M~~ by A~Mioo~ ffA
Fwt Pierce, Flwida
~~0~~ ~ ; . ~cse.'r. 'S~~~_ !
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i "ti'i:''':','.`t'a ~
This Instrument Prepared By J. Ha1 RobeZts~ JY. iti ~s; .
First Federal Savings b loen Association ~~t[0 AIfO RE ~~Q~~"~C
LIIOIE ppU~~E~ . . K- ` ?~i _
of Fort Pierce Q'~''~
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Fort Pierce, Elorida 33450 ~~~ER rp~~~~ = };~;~'l~. r- ~ ~ , - .
ClER J ~C oT Z;; ~~4 -:~i~, i
• ~i COUNt ,
Checked B ~
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J~?r, ~1 10 3~ AM'1~ ~,y ¢.~•.f......••;~-f.;
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