HomeMy WebLinkAbout0536 i
i
• ~ . ~
To pl~n Md COn1inVOVfIy kN~l pl tIM bNil~i~fp{ fqW M M/NfiM M1WN OP Nld (M1d tlld OI1 ~II pNlpAf~M M1d Pf?f0/?~Ily COVN1d ~!y 1Ai~ ~IIWi~ ;
Ns, with ~11 q~miw~ ~htrwn pa~d in full. la~ inwr~nu in tM v~wl ttudWd polity ~am, in a wn+ ~pp~owd by ~hs MORiGAGEE. ~nd wind~+am ;
In~waeq In tM uswl sunda.d policy fan~, In a ~wn ~pp~wd by tM MORTGAGEE, in wcb compa+y a oomPa~es +t ~M MORiGI1GEE iway i
d'u~cry ~nd all fi~~ and w~wrm ieaww~a polic~ on any of wW buiidinp~. ~ny InN~Nt thN~in w pM ?I~wl. Mf IFN ~rtp~t~ Wre1 ~IW~NitI OI
In ~xaM ~Mhoi. ahall contdn tM wwI u~rwlard ~naqpM clws~ a wd~ otlw~ daw~ a tM MorqapN nwy nquw~, m~4inp tM los~ undw a~~d pdF ~
c~. ~atA and ~wry. WYabh w aid MORTGAGEE N i~s IntKtN m+1? ~PP~+~. M+d wcb w+d w~rY wd~ PdKy +MII b~ promP~ly ~uq~wd and ddiv~r~d ~o ~ ~
~ny MW ey wid MOItTGAGEE~u twtMr wa+rNY w s~id nwrpsp~ d~W. aed. no~ ka M~n bn p0) d~ys M+ ~dv~nc~ of ~M ~xpkdioe ot ~ach polky. ro dF
Ilwr ro ~aid M02TGAGEE ~ r~~ral th~tw/. lop~thw with ~~ipt (or tM O~Mniwe O} iVCh rM~viral~ N+d tMn ~haN b~ no iu~ w windt~o~m inwrant~ i
pl~ad on ~ny of s+id build~~ps, ~ny irosra? t}Mr~in or pMt /Mr~of. unl~a In tM fwm ~nd with ~M Iwa par+bl~ ~s ator~Nid: ~nd 1n t!w ~v~n1 ~ny twn i-:;
o~ mw»y becan.s payabl. w+d.r wd+ policy a pol~ci.s s.W MOrtTGAGEE aMll h.w ~M op~ion ro r.c.s~. .nd applr ~M ..me oo .ccam~ 01 tM i~i.b~ed '
nti~ s~ew~d h~~by a w p~r~ni~ wid MORiGACiORS to na~iw ~nd v~ it a a~r put ther~of fa o~her p~~posei. without ~hertu~ w~~vi~.y a~mps~r-
~nfl anY pui~y. li~n w ripht w~d~r or by virrw of ~ha mwt~~ ~nd M th~ ~wnl NW MORTG/1GORS ~hsll iw any r~awn fail 1o kap the a~W pnn+i~s so .
in~ured. o? f~il w de~ive~ promptlY any of s+id polKi~s ot inwr~nt~ to ~aid MORTGAGEE, o? fa~t promprly ro pay fv~t~ ~ny p~em~vm ~herefo~ a ii+ any .
r~~~.ca fail b p~.fa~n, dNClw~yr. ~:ecut~. ~H~cf, compht~. oanph with and abid~ by this aov~nant, a sny put herwf. uid MORTGAGEE may pl~ce a~d ~
paY fa suth inwranc~ or any parf thKwf without w~ivinp w~H~ctinp aMr oplioq, 1~, puity. w~i~M vnda a by virtw of Ihi~ Ma~~ap~. and the _..1
f„n amo~et of sach ~nd ~vay wc!? paYm~m sh~ll b~ immdiatdy dw and p~yabl~ and ahall b~a tntK~st fran flw dat~ thereol until pa~d at d» wti ol ' i
~~r,e pe~ ea~rwn p~r a+ewm and tog~~ha wHA wth iaterttt tMll b~ saw~d by th~ li~n of tirs matg+p~. . c
1. To p~rmit. coeroalt a wffv no wafh. Mip~km~nt w d~tKioration of ~sid propKty or «ry pan thenof. ~
5. TO piy a1I Mld 1kpY1K NN tOttf. CANQN N1d ~7~M~Nb ~~q a fNfOMbM atwnM~/s fe~ and oos» of ~bst.~cts of titls, incv?red a p+id at ~
.ny tirrw by s~id MORiGl1GEE. b~cw~ a in tM ~wM of IM tailw~ an tM prrt d tM uid MORTGAGOR to dvh?. P~a++Wh ~.~d fully pNfo~n~, d~sch+~9w
execut~, ~ff~ef. oon^PkN. eomD~Y w~th and ~bid~ by eaeh and w~ry ths ftipulat~o~s, apn~^»^ts. oondttia+a. and aovM~e+b o( said prom+swry nott aid thu t
rr,or~9ay~ any a titl~. and sa~d casn. ch~ry~s and ~aptn~es. ~ach and we?y. ~h.~1 b. ~+w,~.dN~.1y dw a~+d pay~bl.: w1,~~he. a not thcr~ be notice da
mand. ~n~mpt w coll~d w wi~ pendi~gs and tM full amarn~ of ~ach u~d evNy wch parn~t sh~ll t»n ~1NNt from ~M d~t~ thereof unri! paid a~ the ~
rare of ~in~ pa ce~tum per arwwm; ~nd all s~ld tosts, c~r9~~ +nd ~xper?tes incwr~d w paid, top~lhtt with wch i~t~tpt, ahall b~ Ncwed by tM IiM of thia
mortq+p~.
b. Th~t ~ th~ ewnt of ~ny bnach o1 this Mwtyap~ or d~fwlt on th~ ps~t ~ tM MORTGAGOR, a(b) h th~ rveM any of ta~d sums of mon~y
herein r~ferred to be not pomptly u~d fullr paid within thirty (9W days ntat afrer IM samt Mwrally bKOrt~ dw s~d payaW~. without demand or norite.
or tc) In th~ ~wnt each ~nd wsry tM stipul~tio~a, pree~rnnn, conditipu ~nd cown~nb of s~+d p~anissory not~ ud tl?~i mortp~ any a ei~her aro nol
iuly, promprly ~nd tully pNfanwd. diadw~ped. ~xecvf~d, ~ff~ctad, canpl~t~d, canplied wi~h and ~Wd~d ~iy. tMe~ in eitMr w any iuch ~wnt tM said aQ
yregat~ swn memi«iad in wid panluory rwt~ thN+ ~naini^o u~Wid. wiel~ &ue~e~~ acuwd. ~nd atl mo~ys secwed har~by, shatl b~carw dw ~nd p+y-
etle fwthwitA, w thersahN, ~t the option of said MORTGAGEE, ~s fvlly and compl~iely as N~tl of tM ~aid sums of enorKy were a~qinally tt~puiated ~
ro be paid on such day. anytN~ h said promiuory note w Fn thls Mwtpp~ ro 11+t oonrruy ~wtwi~Mtandi++p; and thereupon or there~fter at tM op~ion o1
sa~d MORTGAGEE, without notic~ p demand. wi1 N I~w a in puiy, iher~foro p therc~fter bpvn, may b~ prosecuted if all monsys secured he~eby
had rt+atvttd prq? to iri k~stitution. ~
7. TMf in itw erent that af th~ b~&~ning vf or N ~ny i~m. pre.~i.~ any wii v~aw, ifia t+tdrtpag~, a ro(ai~c'+~ is, ~w :c,E~~ Ss, c~s ta snfwu ~
paymem d ~Mr claims haeur~de~, s+id MORTGAGEE slyll apply to ti~ Court haviny iwisdinion therwf for ~h~ appoimment of a R~ceiver. wch Cou?t sMll
For+hwith appoint a receiver of sald matpap~d p?operty all and sirqu4r. iixludu+p all and sinpular ~h~ NKOm~. p?otits, issws ~nd rw~r.ues frwn whate~er
wu~c~ duired. ~ach arid ~vary of wh~ci~. 8 b~inp ~xpreasly vnde.uood, is hereby mw~yayed as if spacitically s~t /«ih snd descr~bed Ie ~M pr~minp and
habcrKfum claw~s hereoi. and wd~ ReuivK shall haw ~N ~M txoad and ~ffedive fw+ct~ons and powers in anywis~ a+trwted by a Covrt to • Receiver, ~nd
wch appointmtM shall be made by wch Cowt as ~n admined sqvity and a mattN of absolute ripM ro said MORTGAGEE, ~nd w~+hou~ re(erence to the ~
edequacy or in~deqwq of tM wiu. of ~he propsrry mwrp~yed « ro rhe wlvency w inso~venty of taid MORiGAGOR w the defendants, and that such q
re~rs, profin, income, iuuu ~nd nvenws shaU b~ ~ppli~d by svch Receiver accord~np w tM lien or p~ity of taid MORTGAGEE and the pracGce of tuch '
i
Court. ' `
8. To duty. promptly and fully pe~fwrn, dnchar'p~, execvte, eH~ct, complete: complY with and abid~ by ~adi~ind wsry the sttpulatian, apreements,
cond~tiorn and covenants i~ u~d promist~ory rwt~_and this morf9ag~ wt to~th. .
9_ Thaf in fhe evenr rhe ownersl?ip of tM ^~at9apsd Prentises, or +rw P+rt tl+u~of, becnn~s vest~d in ~ persow orhe. thsn the MORTGAGOR, the
MORTGAGEE, in wcussors snd auiprq, may, withovl rotica to 1M MORTGAOR, dtal with svch suaessor or s~tteuor in interest wirh re(crence to this ~
ma~rgsge and the debt hcreby secu~ed i~ the tams mai?ner as with Mort9apa witlaut in anr w~y vitiatinp ot discha~yinp the Mwtyagors' liabitity he~r
under or vpon the debt hcrcby iecwed. No s+1~ of the pr~mises her~by monpap~d ~nd ao forb~arance oa IM psn et the MORIGAGEE a iti wcceason
n~ ess~gns and no cxtens+on of rhe time for tl+e paymem of tF» debt I+enby sewred piven 6y tM MORiGAGEE .or ib wcceiaon w assigna, shall ope~at~
~o release, discharpe, modi(y chany~ a affM tM origin~l liabitiry oF tM MORTGAGOR haeiri; ~ith~r in wlwk or in pa?t.
10. It is spectfica~ly agreed that Yime is ot the essencs of tha contr~ct ~nd Hwt no waivtr of anr obligation herew~der a of the oblipstion sr
cvred hereby shall at any time thereaftK b~ hefd to be a w~iver of th~ ttrms hereof w of ths instrurntnt ~secwed herby.
11. In sdd~tlo~ to the forego:~g monthly paymeMS of prin~ pal and interest req~ired by the promisswy note secured he.eby, mort9aqor covenants
and agrees to pay to mortgagee with each mo~thly payment an add~rional wm esrimated by mortyayee to be equal to 1/12 of the an~ual cost of tt~e fd{ow- ~
~:;g: _ :
A-All real property tsxes kv~ed o~ assessed ag~~nst the above described real estate. . 1
B-Premiums on fire ~nd wi~dslorm inwrance ss herein requ~red to be carried on th~ improvemerts utu~te on the above desuibed p?emites. ~
C-Premiums on svch .noitgaqe yw~snry irowance ~s mortyayee sl~sll f?om time to time deeen fM to carry o~ the loan secured hereby. '
~ Mwtgagee shail from time ~o tims norify mortgagor in writ~~g of the amount due and paysble heie~nder ~nd such sum shall thereupon be d~e and `
( Fayabte on the due date of the ~eat monthly payment and ~ach succesaiw month theresfter until morty~yet ihall notify mortgagw of a change in_such
I aTOUnt. Such sums aFal! be applied by mwtgayee toward th~ paymem of real property Uxes, iroura~ce prom:ums, snd mortgage gwranty insurante
j p: em~um3. -
~ IN WITNESS WMEREOF, tlw s~id MORTGAGOR has hereunto sN his hsnd and seat the day and y~u fint aforasaid. +
Si~~ed, S~ald ~nd dtlivered in tM pros~nc~ of: /7~~ ~
/ 3
Edv~?ar ` n d H os '
- i
~ _ ~ ~ ~ 1
K.,n f
8~~~a~a A. He2.:~ ~
~ s~=~tE ~ Fwrtlo/? ~ , .
courm oF St. Lucie z..•~'s';~:;;i" .
Edwazd Donald H¢lms ~ ~ ~
e.tw. me psaorut~y .pp~arod ~ ~ , . , • ~ • .nd ~
Barbaza A. ' Ha lms - `
his wife, to me iwll~ i~iow~ and knowe 1b~r~6 to be
rhe individwb dsscribed in and who ~xecuted the forpoirg irotrvrmnt, ~nd acknowledy~d b~fwe m~ that tMy ~~awyd tM wme f6c ,tfw. piapo~es
~he~e~n ~ap~sud Md t!w ss~d R~b~ra A~ Ha l ms
w:fe of the taid ~ - ' ~ t" Cu~i ~epnaN ~d~?iva» '
e¦aminatio~ b
y me ta ken separate a n d apart from h e r p i d I w s b~ n d, ~tluiowbdp~d 1o and b~fon mt that she eaacut 6~~si',.jroh ~
i
n~'
nt fr~ a Q~ volvo-
rar~~y and withovr ~ny eomputsion, oonstrsim, apprel~er~s~' w f~ar of a from hN aid Fwsb~nd. .
~ WITNESS my hand snd official ~sal t~ a~lL~%~~ day of 'jVnE :'y~~ ~~'~I1:'~, 19 77
~
~ , ary Public in N+d fw the St~te of florid~ at larye .
" y Cortrnission ~xpites:
Retum Ta. `
First Federsl $avinyf 6 loan Assotistion p~ S~ ~
Of fat p~erce. ~01w ~ E_~~ ~1~ j
Fon vierce. Fto.~d, - - - - ~ a e..+n t¦.rw ~
. Y~~ -
. i~•~~~R OUNTYRfIA. `
OI1RAf
This Instrument Prepared By R. E. Poindextor EPK CIRCUIT COURT
First Federal Savings ~ Loan Association ~~Rti1Ep~..~,.,~
of Fort Pierce
Fort Pierce, Florida 33450 JU!1 Z~ 2 i 9 PM'~T ~
Checked By ' ~
aaox 2~ ~?cE ~J~ 3~~~4
~ 1.' ~ . ' - ~ bP