HomeMy WebLinkAbout0428 To p1~a u~d coNiew~pisly kNp on th~ bu1ldN+p~ now o~ MrNftM w~wN oe~ s~W bnd ~nd on at1 eq~lpn~M a~d p~•w~a~ly cova~d bY thi~ narp~
p~. wlth ~11 pnmivma ~hK~a+ p+~d in /vll, fin Muwu~c~ in th~ wwi u~rdwd policy fam. in a wm ~pprov~d by ~M 1NOItTGAGEE. ~nd w~nduwm
irowaea in tir vaud uanda~d poGcy iaei. M• wm ~ppov~d by ~ MORTGAGEE. In wch comP+nY a canp+nias a tlw MORiGAGEE may
dinN~ ~nd ~11 fin ~nd winduonn imw~na Paici~s on ~ny 0~ Ni+ tIWIdM~Qi. My M1NfH1 tlfHf111 W pMt fAfflOl, in ~M +pp~p+~~ ~wn ~fa~~+id a
M~xaM dw~wl. sA+ll tont~in dr uswl i~andatd matppM dww a wd~ WMr cbvN W Ih~ Mapaq~ m~y ~puK~. ~?aMM+p ?M 1w~ und~. a~~d po14 ~
ciN. MeA and ~wry. P+yab1~ a s~id INORTGAGEE a i» inNrat nNr ppw. ~nd Neh ~ed w+ry wd~ Po~iey ~hall b~ pranp~l~ ~:qn~d and delivK~d w .
~ny Mld by~wid MORT(IAGfE u fwtM~ acvruY to s~W mo~tp+p~ d~b1. ~nd no1 faf th~n ~~n l10) d~y~ In adra~c~ ol tM ~xpiration o1 ta~h pol~cy, to d? y
tivN to wid MORTGAGEE ~ ree»w~l tMno1. SopNl+a whh • na+pt la tM p«niw~ of weh ~~walj ~nd ~hN~ ahall b~ no tu~ a windi~orm insvrane~
ol.ad en ~ny of ~aid buildinqi. ~ny ietaat tM~~in or pul IM~wf. unl~sf In tM fam ~nd wifA tlw Iw~ paY~b1~ a•fonNW: ~nd h+ rM wmt ~ny wm ~
of mwNy b~con~ p~yabt~ un~ wch policy a pd7ci~s wid MORTGAGEE shall Iww ~h~ opfio~ 1o aoeiv~ and .ppty tM arn~ on ~ccovn~ oi ~ir ind~bied~ _
r»u New~d ha~br o~ b pKmt~ ~aid MORTGAGORS W ~~esiw ~nd w~ lt a~Mr put tMrwf f« othe. pu~po~es, w~~hou~ ~he.ebi waiv~~.~ a~n,pai.•
trw +n~? pv~~Y. ian a rfpl?t u~d~ a by vinw d M~a ~no.tp+p~i M+d in tM ~wm wd MORTCiAGORS 1MI) fOf M1y fNWf1 ItiI 10 kNp fIM Nid prOmiiN f0 -
insund, p f~i) b d~liv~~ p.wnpdy any of saW pol~ci.a ot ~awana a wtd MORtGAGEE, a f•l1 RrwnpNy ro pay fvnr any pr..~~w++ ~h.r•fw or in any
...wc~ 1at1 a Q..fam. dhcAaw. ex~aq. ~ffM, comPN~~. oomP~Y wttl~ ~nd ~Wd~ bY thb aov~nant. w u~y Pu~ Mrwf~ uid N10RTGAGEE may pl~u and Y
pay fa wch in~wanc~ o~ ~nr part tM.~oF~rithout w~hrinp a~fhctfno +np optial, iMn~ Wvity, a riphf undN a by vntw oi tiui ti~o~~~. and ttx • p~
full amount of each ~rd ~wrY such paym~eM ~Iwll b~ im~+wdi+alp dw ~nd p~yabb ad ~hall b~u b?taat f~om the da~~ thsrwf umil p.id at ~M aa ot ` ~
~~M pu pnr~m pK ~nnum and top~~Mr with wch tmN~sr slWII b~ s~cw~d by 1he li~n of th4 matpp~. ~ ~
~
4. To pKmit. aon~++It or wffa no wast~. YnP+kment a d~tetia~rion ol ~afd propKt~r a~ny psrt the~wf. . , ~
S. To p+y ~II and ~Iw ~ casts, dwpM ~nd ~xpaws. lndudinp ~ nason~bb Ntor~+e~/s fN and own of ab~n~cts of t~t1s, incwred a paid at 4
•ny rien~ b~r said MORiGI1GEE, beww or in th~ ~wnt of tM t~ih+r~ on tht parl of ~M w1d MORTGAGOR to duly. p~omPtly and futly pKfwm, dntha~t
execut~ ~tf~et. compl~t~. oomP~f? with Md ~bid~ b~r ~ach ud evKy th~ stiqi4~iwN, prNnNnta, aonditiona, and oown~nts of safd p~omi?sory note M+d ~hif
monyap~ ~ny a~i~her. and a1d cosn. cMry~s and ~xpenseti ~ach a~w! w~y, ~II M b~n~diat~l~ dw u~d payabt~r whNhe~ a not ther~ be norice ds~ ~
msnd, stNmpt ro colNct a wit p~ndirps and tM f~rll ~rtiount of ~ach ~nd ~wry wch p~Ym~e?t ~MII ba~. int~rest irom tM date thereof u~tit p~id the ~
rare of nirn pe. cH?tum p~r ~nrwm; ~nd all s~id cwts. cMr~ u,d ~xp~~ws innKt~d a pakl, to~thM with wth int~rat, ihall b~ s~cur~d by tM lien of thl~
~
"'°rty~.
b. TMt i~ tM ~wnt of any b~~ach d thb Mortya~ a d~iwlf on th~ p~rt of th~ NWRTGAGOR, w(b) in ths ~wm ~ny ot ~a~d wms of momy
herein ref~rred to M ~ot promptly ~nd (~Ily p+id within thirtr (30) d~ys n~at ~fte? the i~ Nwr~lly becane dw +nd paya6l~. w~~hout d~mand a notice,
or (c) in tM eve~t each and wery the stipulatiorn, pre~m~on, coaditions and cowMnn oi sa~d promissay not~ ~nd th~s mortpape N+y a eithe~ an na
iuly, promptty ~nd futly pe~fwmed, d'achar~d, ~xecue~d. ~H~cted. oomplet~d. compli~d wi~h ~nd abided by, thM in eitFw~ a any such ~wm ths sa~d ag
prcyaa swn m~ntioned in said promiuory nob tMe nmaininp wipaid. witb htentt ~c«wd. and sll eaneys weur~d h~r~by, sMll beoon» dw and Wy~
able fwthwith, a thereaftN, ~t tF~t option of said MORT(iAGEE, a fully ~ed compb~tly +t N ~tl o( tM s.jd s~r~a of mon~y we~e apinaty ~fipui~ted
ro be psid on wd~ day. any~Ainp in sald prom~sswy oot~ or in this Mat9ay~ lo tM conuary notwitMqndinp: and therevpo~ or thereat~a a~ tM opt~on of .
se~d MORTGAGEE, witho~t owic~ w d~m~nd, wit at Iaw w M puity, tl~er~ior~ or tharea(~K bp~n, o++y b~ prosecuted as if all morays secured hKeby
had marur~d prior fo in insriturion.
7. That in the went tMt at the beginnirg of or a1 ~ny time p~nd'N+p any wi1 vpon this Mwtyap~, a ro fonclose it, a to reform it, or to eniwa
payment of any ckims Mreunde?, ~aid MORTGAGEE sh~ll apply ~o tM Coun hav&q jurisd~ion dwrwf for ?he ~ppanrment of ~ Receiver, s~ch Court ihall
Forrhwith appoint ~~~ceiwr of uid mortyp~d prop~rty dl ~nd sinp~rlar, krcludmp ~0 ~nd s~~tp tM income, prof~ts~ iuues a.~d revenues f~om whaterer
wurc~ d~riwd, tKh a~d ~wry of whkh, it b~inp ~xpressly underttood. is Iwtby ma~9+9ed a if sp~cifiully wt torth and desuibed in Ihs ~~ntinp and f
habend~rn clauses hereof, and wch Reuiwr sMll Mw all tM broad and eff~etiw fw?ct~aa and powen in Mywise entruited by ~ Cowt to a Receiver, and
such appointmer?t sha11 bs rrwd~ by wch Gowt as an admined eqvitp ~~?d ~ maner oi alxdute ripht ro ~ad MORIGAGEE, ~~d viritlwut r~ference w ths
sdequacy w in~dequ~cy of tM vdw ot th~ p~op~rty mat9~ed w to tM sohrency or insolvency of s~id MORTGAGOR or tM d~fendants, and that such
re~n, profib, lncome. issues ~nd rwenws s1w11 b~ ~ppli~d by wd+ ReuirK ~ccordinp to th~ lisn or puity of said MORIGAGEE and ~M practios oi such
Caurt.
8. To duh. prompty and (utly p~tfwm, d'acharye, e:ecvtt. ~ff~ct. complete, oomplY with ~nd ~bid~ by eacl+ and ewry the st~pvlations, prsertmnts,
cond~tioro and covenanb in w~d promiuay not~ and this mortpap~ sN forth_
9. ihN M tM went the ownenhip o/ the mort~sqed prsmises, or any pnt tl~sreof, becomes wsted in • penon other than the MORTGAGOR, th~
MORTGAGEE, its wccesson ~nd +uigra, m~y, wi~how notice to the MORTGAOR, dea! with such successor a successor in interest w~rh reference to tha ~
mo~tg~ye and the debt hereby setwed in the same ma.w~a as with Mwt~spw withoul in w?y war viti~tap w dischugirq the Nbrtyagon' liability her~- ~
under a upon the debt hereby ucur~d. No wb of th~ premaea hereby mwpaqd and eo forb~ar~nce on the part oF tF+s MORTGAGEE a iti successon
o~ ass~gns and no eatensan of the ~im~ for the p~rmsnt of tM deW hacby ~ecund 9iwn b~t 1M MORTGAGEE w iri suaessors a ~ss~yns, shall opsr~r~ i
ro releut. ducMrq~. modify d~sig~ or affect the wipin+l IiabiGty of tM MORTGA~30R hatN,, ~rith~r in whol~ a in p~rt. i
10. N is specifically sgreed that t&n~ is of th~ euenq of this oontract and tMt no waivu of ~ny obtga~an herwnder w of th~ obliyatan sa ~
cured hKebp shalt at ar~y tinw Mertah~r b~ M(d to be ~ waiver of the Nrms Mrwf w d 1M irotrumeot sacured htrby. ~ F
11. in add~tion to the fwepang enonrhM psyments of print pal ~nd imerest rrquhtd by th~ promisawy note secu.ed he.eby. mortgagor cove~snts #
and sgrees to pay to morrgagee with ead~ monH?ly payment an ~dd~~ion~l svm tttimated by mort~apee to be eqwl ro 1/12 of tfie annual cos~ of the follow-
ing: >
i
A-All real proptrty t~:es (wied q usessed agaimt the ~bove desvibed real estate.
I B-Prem~ums or+ fire ~nd wirtdstam insw~nce ss herein requ;red fo be u?ried on tM improvemenb sitwte a? the above described premiset. ~
; C-Prem~ums on wch inwtyage gwr~nty insur~nce as martgapse sha11 fram Nme to time deem fit to csrry on the ban secured hereby. s
~ Mwtgaget shatl from tim~ to tims notify mortga~or in w+hirg of N~e amount due and pay+bk herewder snd such sum shsll therevpon be due snd ~
~ Fayable on the du~ date of the next monthlY payment and ~acl~ wcc~ss+ve monlh thereafter until mortysp~e sha{I notify maty~9w of s change in such
am~unt. Such wms shall be applied by matysyee toward the p+y~t of ~eal property qxes, inwrsnc~ prem,~ms, snd mortgsye guaranfy insurance
premitimf.
IN WITNESS WHEREOF, tM taid MORTGAGOR has hereuMO sN his hand and seal the day and yea~ (int ~foresaid.
Sipned, Stat~ and del ~red in the ee~ ofs
0
- ° r , r 4
_ _ q
_ ~ ~
STATE OF FLORIDA ~
Ct 1 _n~i e
~iv'vi:ii vF -
s.f«s me p.rson~~~y +pp.+r.d _ Robezt E. SheptlZd ,,,d
Mazv D. Sh~srd ~;s w~te, ro n» well known ~nd known ro me fo b.
rhe individwb desuibed in and who exetvt~d the foreQoirg i~trumant, and ackrwwledQ~d befon rrw that ~hey executed tM sams fot the p~rrpose~
~herein e:p.~ea. s~d +r~ ~~d Marv n. StllpsYa
w~r~ of rh. ..id Robert C. Shepsrd „p,,, ,..p,.n. ,~a pi~r,t.
e:am~nstan by me taken separats ~nd ap~rt f~om her s~id Inrsb~nd, aduwwl~dped to and befw~ me that ~he executed s~id irotrumem freely snd volurr
rari~y u~d without ~ny comp~laion, constraiM, appreMnsion, or f~ar of or from Irr ssid hvab~nd. ~
WITNE55 my hand snd official seal tl+is ---~~~%C ~y af ~ .TUne D. 19 77 F
L<_ : c _ } A ~l .2~
Notary Public in for~ Stat~ of fbrida ~t larye
Rsturn Ta My ~ ~.toro?Y Q~=::c• StaN of pO~O~ 1~ ~
first Federal Sav' s a loan AsfocisYan F! G,:,r: :s:m f~Fi:~s j~Y ~ ~
Of Fort Pierce. Y a N~~:::ctm F:ro ~~~h ?
fort Picrce, fbrid~ ~hl~~ ~nae.. til ~
8 ~ . . ~
- - :1~, 1 ~ ~
This Instrument Prepared By J. Hal l~berts~ Jr. • • "
First Federal Savings d~ Loan Association •'1,......-.~
a~"~~"~~, r~~,~ :
of Fort Pierce ~ ` ~~`~.y . ~ ~ '
Fort Pierce, Flor'~da 33450 ER~
~
R~~ AS~T ' f?~ j. ~Q~
ar~.r~ yFl: CO ~:~isi: ~
•FIfO~ - 2 •
j - :
Checked By L~._ ' ~ 3, _ '
J~a+?1~1 ~p M = . ; , ~ : r . ;
38 a ~ . -
~
60R -~c-r,v~..:.-..
~ ~2? ~ 428 ° ~ ~~~j,, ~ sh
f ~i ~ ~