HomeMy WebLinkAbout0534 To pl~c~ ~nd co~finuou~~ kNp ~n tM bultdinp~ now a F+K~afhr u1v~N or saW I~e~d u+d on ~II puipm~m and pMSOndly cowr~d by ~hf~ muta
p~. wirh ~II p~~miwna tF+K~on pa~d i~ 1~11, hn kaw~nc~ in ~M uwal ~~~ndWd policy ~wm. M a~+a~ •pp.o~.d br el+~ /NORIW?GEE. ~nd w~nd~~am
ins~ranp In ~h~ uiwl ~a~d pol~cy lam, in ~ ~um ~ppror~d by tM MORTGAGEE, in wch company a mmpanirs a ~he MOBIGAGEE n+ay
du~~ «+d all fk~ and wind~w+m i~waeo~ po~ki~s oe M+Y d wid buildinqh ~ny i~?N~Nt IM~tin w pMl the~wl, in tF» ~pq~e9~~~ swn +faesaid or
w+ ~pa Hrnof, sMll ca+afn ~M vswl ~aoda~d map+pN daw~ a wd~ aiwr cl~ a N» Mor~papN m~y rpuK~. m~YNq fM bs~ ur~ ~ud pdi~
ciN, ~atA Md ~w?y. piYabl~ w uid MORTGAGEE a~ its Inl~rest maY ~pp~w. and ~ach ~nd ~v~ry such po~ky aMll be promptly ~u.yn~d snd d~livs~ed ~o
~ny h~ld by sald MOR1CsAGfE N fwtMr Mcv~ity b s+id morqap~ deb1. and, not Ihf thM~ Nn /10) days In ~dva~u of th~ ~ap'u~tion ol NcA policy. b d~-
livK b wid MORTGAGEE ~~sMwal tiwrwl, fop~~Mr wi~h • ~~c~ip~ fw th~ pr~miwn oi wcb r~new~li and tI+K~ ~hall b~ no fir~ w winds~wm IMYt~fK~
plapd on any of Nid bViFdin~~, MIltt{i IMftM OI pM1 fi'NfM~, iM1N~ ill iiM i6fili i110 Vrif11 fM W~i piyiOSfl ai aiwisaicy si:ci in iiM •i~i{t 'si~j i~+ii
of mpNy becwms p~yable ved~? wch policy a polichs uid MORTGAGfE ~1++11 haw tl» option ro nceiw +nd ~pply IM sam~ on ~ccount o( ~M ind~b~e~
rnsf Ncw~d he~~by a ~o pamil wid MORTGAGORS ro nuiw u+d us~ h a aoy p~rt tFKreof fo. o~her purpo~es. wi~hout tfis.eo~ waivnv~ a~mpair.
inp anY pvi~y. li~n a riQh~ wKlK a bp vir~w of this matpapq ~nd b tM ~vN+l s~7d MORTG/1GORS ~MII fp any na~oe? fail lo k~sp IM iaid premiies w
insur~, p fall q d~liva pomplly any of Mid pOIKNf o1 inwrNK~ b t~id MORTGAGEE, or (~i! promptly fo pay fully u?y prNnium thcrjfot w ln a~y
nsp~ct fail to pKianL discMr~. ~a~cua. ~fhd, compl~q. co~+ply with u+d sb~ by ihis coven+m, a u?y pan Mrwf, said MORTGAGEE 4ruy plau a~+c .
par ta such i~quranc~ a any put th~rwf withoW w~ivinp or ~fi~ctinp ~ny op~ion, liu4 pvity. ar riphf ,undN w by vi~tw of ~his Ma~pay~. u~d ths
f~ll wnovnl of ~~ch ~nd ~v~ry wsh p+ym«?t shall b~ inuMd'ut~l~r dw ~nd p~rabl~ and ihall b~ar intKal from t!w dat~ thereot until pa~d at tM raq ot ~
niM PM CMfWq pp ~fuWm ~MI IO~ffhl~ witFl WCII MlNftt ~NII ~ MCYtld ify 1M IIMI O~ tlfi~ R10ff~~Ql. -
1. To pKmi1. oaernlt or wifK ~+o wa~t~. MeWwmeM a dtttrlaation oi s~id propMry or ~ny pKt tlwwf. ~ r^
3. To pay atl and dnpul~r Me co~n, eM?gw and ~xp~ews, inclvdinp • r~a~on~bl~ ~nwewy'~ fN ~nd cosb of absnaets of riNe, incu~red a p~~d at
~ny tirM by u~d MORiGAGEE. b.cws. a in rM w«+~ d tM f•ilw. on rh. pah of rh. a.id MORTGnGOR ~o d~+hr. pomptly ~nd fuly perlorm, dacha~qa -
•xecu», ~ffecL canD~~~~, ~P~Y with ~nd abid~ by ~~ch and ~wry the ~tipulaio% p?eN^~^n, aa+ditiom. snd oown~nn of s+id p.om~»ory not~ and ~h+i
rrwr~ya~ a~y or e~~ha. ~nd s~~d cwn. chu~s and axpensK. sach ~nd w~ry, sMtl b~ invoed'ut~ly dw ~nd p~y~bls: whethsr a not there be ra?~cs ds
msnd. ~t?e~npt to coltect or wit pMdinp: and tM full amount of sach a~d ew~y such payment shall b~a iM~ryt from M+~ dat~ thereof until paid at the
rare ol nin~ per centwn pK arr,um; ~nd all ~id oo~n, cMrpet and ~~tp~nsN incwred or paid, top~lher w~th wch int~r~st, shall bt secured by tM li~n of th+i
mort9ap~.
A. That (a) in th~ ~wnt o( any b?~acl~ of this /Nortp+p~ or d~fwlt oa Nr pNt of tM MORTGAGOR, w(b) in t!w ~ve~t ~ny of ~aid wms ot morwy
herein r~fNred to b~ nW p~ompHy ~nd fully paid within thirty (30) da~n ~ext ~fter fhe s+nk averally becan~ dw and paysbt~, wi~hou~ demand w ootiu,
or (c) in tM went each and wery 1!» sti~wlatiora, aQreem~nts. cond~tions snd covenann of s+~d promisswy nol~ snd th~s mortgaqe any or ei~her ue o01
iuly. pranptlp and fu11y ps?fwnNd, discl»rqed, executed, ~ffechd, comphNd. complid wi~h and abid~d ~iy, tMn in e~ther a any ~~ch wam tM said ~g -
yregat~ wm mentionad in said pomissay not~ thse~ r~matninp u~id. virith inNr~st ~cuved, and atl nw~ey~ seevnd M~~by. 1ha11 bacome dw and p~y-
abie fathwitl~, w thereafter, ~t the option of said MORTGAGEE, a fvlly u~d compt~tely as ff ~II o1 t!K said wms o1 rnon~y wer~ orgin~lly ~upulned
to be p~id on tuch day. anytF?i+g in sa~d promissory rate or in this Mat9aye ro tM tontrary notwitAsqndir?p: and ~hereupon a thereafte~ a~ ~he op~ion of
said MORTGAGEE, without noric~ o~ damand, wit ~t law a in squity, therefo?~ or thsreal~er beyvn, may bs praetutad ~s if all moneys ~acwed haeby
had marwed prior 1o in institutia~.
7. That Fn tM wenf tMt at tM beg'w~iny of or a! sny tim~ pendn~ any suit upon thu Mo?tya~, or to iaeclo~e it, o? ro~ef«m it, or to enfo~a
payme~?t of ~ny cl~ims hereunder, s~id MORTGAGEE shall ~pply to ths Courf Mvin9 jurisdic+ic~ thereof fw.the apFantment of ~ Receiver, wch Cowt sMfl
fwthwith ~ppoim ~ ~ec~i,~er of said mort9~Q~d propNty all ~nd sinpular, incl~d~~?p all and sinyular tM ie~cane. pro(its, iuues snd rs+renues from whatevtr
wurn daiwd, each ~nd every of which, it b~inp ~xprdsly undtnlood, is hertby mortg~ged ~s if speufically ~et fo~th ~nd dewibed in the 9rantinp and
habendum clavses Aereof, ~nd such Rec~iwr shalt Mve ~II ~he bro~d ~nd effecfiw (vnctans ar+d powars in ~nywiss emrw~ed bp ~ Cou.t to a Receiver, ~nd
such sppointment sAall be mad~ by wch Cowt as an admiftrd equity ~nd a mattN of absol~te ri9h1 w ssid MORTGAGEE, and withov~ retercnce to the
adequ~cy p in~deqwty of the valu~ o( tht p.op~rty mwtya~ed p to the wtvency w inwlvency o( said MORiGAGOR w 1M defe~ants, and Ihat such
re~+s. profits, incane. issws and revenues th~ll b~ spplied by such R~uive~ auo~d~np to tM lien a puiry ot said MORTGAGEE and the practic~ of such
Coun. •
8. To duly, prompNy and fulty periam, dischar9s. ~xecvte, effect, tomplele, oomplY with and ~bid~ ay sach 8nd every the stipulations, agrecmenb.
cond~tions ~nd covenams ~n sa~d promissory note and this monyage set torth.
9. Tha1 in tM eve~t rhe own..ship ol ~he mo.tgayed p.em;ses. a++~r P+rt th.reof, becwnes wsnd in • pe.son other rhan the MOR7GAGOR. th~ _
MORTGAGEE, in wcceuors and ~uiyns, may, without no~ice to the NIORTGAOR, deal with such wccaswr p successa in interest w~th refere~ce to this
mortgsy~ and the deb~ hereby secvr~d M th~ sams manoa a whh Mortp~yw without tn w+r w~y viNatinp or dischuginp the Mo~tgago.s' liabiiity her~
under or upon the debt hereby Hcwed. No saR of tF» premises hareby mortpa9ed M+d no (o~b¢ara+c~ on tFy p~rt of the MORTGAGEE a iri successon
w auigro and no eatension of the t~me foi tFro paymeM of the debt l~e~eby secured piven by the MORTGAGEf a ih succeuors or sui9ns, shall ope~aq
ro releas~, d~xMrys, nmodify chanp~ w affed tlw original li~bility of tF» AIWRTCaAGOR htr~in. ~ith~r in whol~'p in put.
10. It is speNfically agroed that tMne is of ~h~ essenc~ of thif oontr~ct and tl~at no vwtw~ of a~ryr obKp~tion herew~de? a of the oblipaYan se-
cured hertby shatl ~t any tims tiwsaftK b~ IK1d to b~ ~ w~iver of the tcrnq hereof a of tir inttr~wmn~ savnd herby.
I1. In add~t~a~ eo ~he forego:ng monthlY paymen~s of p.inc:pa! ~nd _interett raq~ved by the promiuory nolt secured hereby, mortgagor tovenaMs
and sgrees ro pay to mortgagee with each monthty paynxM are ~dd~r'wnal sum est~ma~ed by morty~yee to be equal to 1/ 12 of fhe annwl cost of the follow-
~ng:
A-AU real property taaes kvrcd w sssessed ayainst tF~e above desc?ibed real estate.
B-Premivms or? tire and windstwm inwrance as hercin requ~red to be u?ricd on the improvements sltuate on the above described premises.
I~ C-Premiucm on such mwtgage gu~ranty inswar~ce ss mort9ayee shRli from tirne to tims dsem iN to~carry on the ban iecured hereby. .
Mortyagee shall from t~ to time ootify mortyagor in writinQ of 1M amount due and pay~ble hsrwnder and uxh sum shall tFKreupon be due and
~ payable on the due date of the next monthty payment end eath successiw month thereahe~ until mortyspee shall ratify mortgago~ of a chanys in such
amouM. Such sums sha!! be applied by mwtgagee toward Ihe payment of real property bxd, iruvn~te prem:ums, and mongage guaranty insurante
pr~miunq.
IN WITNESS WHEREOf, tF~e said MORTGAGOR has hereunto s~t his hand and sesl ths day «+d year f' t aforesaid.
Sgnd, S~akd and deliver~d in the pr~sence of:
• n
. ~ o0
- n-•n -
~ (s~+~
in a e oope
SiATE Of FLORIDA ~
SL . 1.aCiQ
courm oF
eesa. m. peno.wuy ,ppea.ea Ra lph A. Coope r ~ ;
~
his wife, to me well known and known to me to b~
rhe indiridwb described in and wlw ~x~cufed the fore9o'vp inshwmnt, ~nd ~du~owled9ed b~fon rr» that they executed tMe same for the purposes 's
r?,~~~~~ .,~.~d. n~a rh. w~ Linda Lee Cooper
..:te of tFw .,~d Ralph A. COOpeZ , upon a sep~r~ts ~nd p?twt~
e¦a~n~nstion by me take~ sep~nte u~d apart from her said hvsband, adu~ovvledped to ~nd befor~ mt tMt s!w execvted said irutrument freely and volur~ `
t
ra~Ily and without any computsion, consuaint. ~ppre an or fear of or from h~r s~id
~~/L ' ' 77
WITNE55 my hand and offici~l seal this L~ day of ' ii1.. p. ~19
~ ' _
Not PuWic in ~nd for the Shtt p1 ~~rids ~t - {
• My Conrnission ~xpires: = j" • z :
Ret~rn Ta. : 'f~ C• ; ~ :
Ftnt Federa~ Sarirys a I.osn Assocutan ' b. " ' ~ ? ' . ~
oi fo.~ v~~.«. Sy~ o(~E{osid~ r%
potuy 4
Fo.t P~~.u. Fb.~da ~7cpires Dec: 9. •~n
. ~ ~{O!1 il! ! L~~~ ~ `
This tnstrument Prepared By Donald B. Hughes ~ R AS
First Federa) Savings 8 loan Association C~ EPK CIRCntT CQURT ~ ~
of Fort Pierce ' ' vF~~ilf0~
Fart Pierce, Florida 33450 t a
JuH 1~1 2 i 9 PN'17
Checked By ~
o R 3'7(?.353
_ BooK2~0 534 - a bp
, ~