HomeMy WebLinkAbout0386 To pl~c~ a+d con~'uwousfy ke~p on tFw b~~ d~nys now w hersal~~~ • tw~e or ae J~.nd and w+ ~It ry~ry~nenl as~d p~rwnaily covered by ~ht~ m«~9.
+y~, witb ~11 pr~m~ums thereon pa:d ~n f~ll, lir• ~d~r~nce m the uivd s~o~x~erJ pot,cy lurm, • s~m ayy~owd b~ ~h~ MOR~"vAGEE. a~•d w~~d~rorm
.~suranct in tht uswl ~tanda~d poLcy forrt~, in sum spp~o.ad by IM MOkfGAGEE. wch co.~.p,ny or ccxn~.w+~et u ~h~ MORTi..AGEE maY ~
dveuj and ~U fY+~ ~nd wi+~daro~m iruur~nc~ polic~ on •ny ol s~~d lwi~d,~yi. ~ny in~e~es~ ~M~ru~ or p~~~ ~hereo(, io ~M •y9re9~ts ~~m ~fweu~d u
M+ ~xteM therwf, ~MII contain ~M u~wl u~ndsrd mwtysye~ clsus~ w wch o~ha ci~u~e th~ Mw~peyea m~y reyuu~. ma?inp ~hs ~ou undci ~a~d poiF ~
cb~. ~ach and wKy. p~Yabl~ b w~d MORiGAGEk a~ ~~s in~eres~ may ~pp~ar. ~nd eacA and e~ery ~utA poi~c/ ~h~H t~ promptly a?s.p~Kd ~nd det~wred to ~
~ny htld by wid 1NpRiGACiEE ~s (u~tM+ ~ecurity 1o N~d mo~tyay~ debl. and. ool les~ IMn 1en (101 da~~ ir+ advanca ol th~ txpira~~on of ~ach pol.cY. 1o d~ I
I~v~r ~o ~aid MORTGAGEE a r~newal tFr~rwf, ?oye~Mr wl~h • rece~p~ tw ihe p~em~um ol such renewal; and t~,e.e ?hall be no Lro o~ w«~dtiro~~n inw~~~c~
p!x~d on ~ny of Nid b~ildir~yf. ~ny inte~tsl Iher~~n ot pal IMreof. unlr~~ in tha fo~m •nd witA th~ t~ss pay~b!~ •i afo~esa~d; ~nd in Ihs evenl •ny tum n
of nwnsy becom~~ payabb v~~ wch polity or policief said MORiGAGEE ~hell Mva ~M opt;on to rcca~re .+iut apply ~Ae un.e a+ ~ccoun~ of ~he ind~b~rd-
n~es t~cw~d h~rtby o? w pNmit s~~d MORTGAGORS to ?ecelve •nd ui~ 1/ Of qny ~~.~r1 tl~r:rol ~Ot ot~~ar {.ur~~;,itt, ~v.~nO~t IFIYCO/ wdlvi~~ O~ ~mPa~r-
~nq ~ny pvitr, IiM w rqhl unds~ a by v'ulw of thls mort9ap~; and in ~M •VM/ N~d MORiGAGO~S ~hall ta any ~eason fail lo ke~p ~M a~d prem~ses w •
~ns.,.ed, or fdl 1o d~livir promptly ~ny of said pOlicies of insurance ~o ts;d MORTGAGEE, w(.,i: promptly lo pay futly ~ny prem~um Iherefw a in any
respett fail b pN(o?n1, dixhugt, ~xKVte, ~1lKt, tomplsfs, tomply with and ab~ds by ~i~~s covcnant, a any parr Fwreof, ss~d MUR1GAvEE m~y plate ard /
pay fa ~ueh irnuranc~ w any parr tMreof w~thout w+ivinq a~ffectinp any op~~on, I~en, eqv~ry, or r~ghr under a by virtwe of ehii Mo.~pa9s, and the
f~ll ~rnounl of each ~nd ~wry suth p~yrt+~N ~hall ba inunedi~tely dus and payabl~ •nd sl+all bear interes~ (rom tl+s date ~hereof u~til paid a~ th~ ~at~ ol .
n~ne per c~ntum pM annum ~nd to~elher wirh suth interest shal~ be sccured by fM lien of this matgage. '
1. To p~rmit, ea~r~~it or wifv no w~s~s. imp~irm~nt w delcriaa~ion of iaid props~ty o~ any part ~hereof.
S. To pay ~11 and wpulN tM costs, charptt ~nd txpe~ses, includiny a reaion~ble al~wney's fea a~d cos~s of ~bstr~cta oi title. i~c~rred a p+~d ~t
any time by s~~d MQRTGAGEE, b~uus~ a in tM ~v~nt of ~he failun on th~ ~art of ~M sa~d MORiGAGOR ~o duty, pranpNy ~~+d fvlly perform, d~xhar~. f
execute, ~(fset. compl~t~. tpnply w~th and ~b;d~ by ~xh and ev~?y the stipulu~ons, ~greemero~. cond~+iont. artd covenants of sa~d promiuory not~ and ~hi~
rr.ortyapt any w ~ither. and iaid costs, tMr~es and e~penses. each and every. shall be immediately dve •nd payable; whetF~er w rtot ths~• be no~ice de
mand, ~nempt to collect w wit pend~~y; and th~ full ~movnt of each and eve~y such paymem shall bear imers~t from the da+e thereof unt~l paid e~ the ~
rafe o~ nine per esntum per aruwm; and all sa:d cosn, charges and ex~xnsss incwred or pa~d, logether w~th iuch ineereN, sMll b~ secured by 1M lien of thi~
mottp~p~. '
b. Tha1 (a) in th~ ~vent of any br~ach of this 1Nortyay~ w defau~t on the pa~t o( ~he MORTGAGOR, w(b) in the ~VM1 ~ny of ia~d wms of money
hercin r~f~rr~d ta b~ eot promptly and fully paid wirhin th,rty (30) days next afte~ ~he aeme severa:ly become due and payabl~, withou~ demand o~ notite,
or (c) ie~ t!r event e+ch u+d w~ry the stipulations, agresm~nts, conditions and covc~anri of sa.d p~om~swry note and th~t mwtgsg~ any w ei~her a?e nol
ivly, promptty and fully ptrfamed, d~scMryed, exccured, ~ffected, compleied, compl~ed w~fh and ab~ded Sy, ~F»n in e+ther w any such ev~nt tM sa~d ag
g~eq~te sum menlio~ed in Nid p?amiupy ~ot~ the~ ~emaininp unpaid. with intCres~ acu~ed. •nd atl money~ aetured hereby, ihall becon» dw and pay-
ao~e forthwith, p fFlffNffN~ at fhe oprion of said MORTGAGEE,.as fully and comple~ely as ii all of the sa~d s~ms of money were a~ginally tripulated
ro be pa~d on wch d~y, anythiny in said prom~sso.y note w in this Mortgage to the con~rary no~,rvi~hs~and~ng; and ~hereupon a thereafter at ~he option of
se d MORTGAGEE, without nmice w demand, suit at law or in equity, theretore a thereaf~e~ begun, may be prosewted a if all money secured. he~eby
r,d matwed ptwt to its irotitution.
7. That in tl+~ wmt that at the beginning of o~~~t any time pending'any su~t upo~ this Mort9age, w to iwecloie it, o~ to ~efwm it, or to enforu ;
pjymeM of ~ny tlaims hNeunder, uid MORTGAGEE shal apply to the Gourt having ~unsd;c~~on thereof for ~he appa~~tment of a Receiv~r, wch Court sMll ;
iwrhwid? ~ppoief a receiver of ssid morty~ged p~operty a~l snd eir?gui~r, includmg all and su~gula~ the incoms, prof~ts, issues and rerernrot irom whatever
seurce derived, each and tvery of whicFy it beirg expressly unden~ood, is hereby mortgaged as if apec:fically set forth snd desuibed i~ the y?antinq and
habcndum clauus he~eof, uid such Receiver shall have sIi the broad a~d effecrive funcr,om and poweri in anywix entrusted by • Court to ~ Reuiver, •nd
s~ch appointment iF~all be made by such Courf ~s an sdmitted eq~~ty snd a ma~~cr of absolute righ~ to said MQRTGAGEE. ~nd without reference to 1M
adequxy a inadeqwcy of the v~lue of the property maiysged w to the w~vency or ]nsol~ency of sa~d MORTGAGOR a ti+e defenda~n, and that such
re~~s, profits, incane, issues ~nd revenues shall b~ applied by tuch Rece7ver accord~~ig ~o ~Fe lien or equity of taid MORTGAGEE snd tM practiu of such
Court. -
8. To duly, promptly and fully perform, d~scha.9e, execute, ef?cct, comptete, compiy wi~h and abide by esch and evsry the stipulatio~u, apreemenri,
cc~:d~tions ~nd covenanrs in sa~d p~omissory note and th~s mortgsge set fath.
9_ iMt in ths event the ownership of Ihe mortgaged Frcmi~es, w. any pa~l thereof, becomes vested in a perwn other than the MORTGAGOR, th~
MOQTGAGEE, iri wccesw~s and usi~ts, rn~y, without no~ice to the MORTGAOR, deat w,th such wccessw a successw in inrerpt with reicrence to this
mo~tgx~ and tF?e debl hereby ucured in the same manner ~s with Nbrigagor withovt in s~y way vif,afing or dxhargEng the Mortgagort' liability h~rr
~nder ar upon the debt hereby secu~ed. No sak of th~ premisef hereby morfgaged and no forbear~nce on tM part of tM MORIGAGEE a its sutceuors
or sssigns and no eztension d the fime fp the peym~nt of the dobt hrreby secured yiven by ~he fAORTGAGEE or in ivccsswri or auiyns, shall operaq
ro re~erse, dxharpe, modify chinge or affecl the wiginal iiab;l~ty of the MORTGAGpR herein, either in whole w in psrt_
10. It is speclfically agreed that lime is of the essence of this contract •nd that no waiver oi any obligat~on hereunder a of the oblig~tion sr
:vred hareby ihalt ~t any timt thereafl~r 6e held to be s waiver of the terr+u hereot or of the insGumem securcd herby.
11. In additia~ to tF+e fore~o:~g monthly paymenls of princ'pe! •nd interest required by the prom~ssory note secured hereby, morlgagor covenants i
a-:d ag.ees to pay to mortgagee with each monthly payrnent an add tional sum est~n,ated by mortgagee to be equal to 1/12 of the annual tost of the folFow- ~
;
A-All real property bxes kvied or assessed aga~nst thc above desvi6ed r-aI estare. ;
B-Premiums on iire ard windstwm irtsurar.ce as herein req~~red to be cai.ied on ~he improvemen~s s:tuate on the above described premius.
~ C-Premivms o:~ suth mortgage ~uaranty ira~rance as matgagee shall fro~n t'me to time deem fit to carry on the loan secured herrby,
Morty+gN shs~l irom time to time ~otify mortgagor in writing of the s*rount d:~e and payable hereunder and such sum shalt therevpon be due and
ca~ab!e on the dve date of the nexl monthly payment and each successive month rherea(~er ur.til mortgagee shall notify mortgagor of s ch~nge in such
e~.ount. $uch sums sF.afl be ~pplied by mortgagee loward the paymeot of reai p~operty taaes, insura prem.oms, and mortgaye guaranty insurance
~•e~*ium1.
IN WITNESS WHEREOFr the said MORTGAGOR has hereunto u! his hand and seal the day and y ar first aioresa~d.
T
Signe 5 ~I~d ~nd 6 vared in the p~escnce of: (
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~ ` 118BA 99 ~Se~O
S~:.TE OF FIOttIDA
~ Lucie ~
~ _ouNiY OF $t••
Berae m. an,n,,,,, ,ppe„ed Wing Chiu Lee ,,,d
~ s118BII LA6 h7s wHe, to me well k.~wwn and known to me to b~
~he individwb described in w~d who ~xecuted tM faeyoing instrument, and acknowledged beFwe me that they executed the ~ame fw tf+e pwpaaes
rh•re~n expressed. Md ti~e u~d 51188.1'1 L6A
N:fe of th~ said Ving Chiu L96 vpon a iap~r~te and pr'nat~
e.am~nstion by rrw bken tepante snd apart from her said husband, ~cknowledged to •nd brfore me that she executed said irotrument freety ~nd votun-
ra.,;y ~nd withovt ~ny comp~rlsion, constr~int. ~pprehension,_9r (esr of or from her taid husband.
~ WITNESS my hand and official seal thia d~ of J A. D. 19~
~ , t'.r, 1 ~'-i - •
~ ~ Notary Pubtic in ~ the State of Florid~ af L~ry~
My Commiuion ~ npires: `
~ Retum To: f,;'_ ;tute ef florida af br~
~ F:rst Fed~~al Savlrys 8 loan Associstion ~ ~ F_p;res Joly 42, 1971
~ Of Fo~t Pterce. ~
- : e a eaaun:ry C~. -
~ fwt Fierce. FI«ida =2~'~j0~ ~ J ~
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~ This Instrument Prepared By J. Hal Roberta, Jr. LFO AND RECpRDED ~
~ F~rst Federal Savings 8 Loan Association ~~.LUCIE COUMTr fLA. ~
ot Fort Pierce 110CER POITRAS ~ "
Fort Pierce, Florida 33450 CtERR CIRCUIT COURI ~ ~
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