HomeMy WebLinkAbout0727 To pl~c~ ~~d cominuously tetp on ~i» L..~:J~~~g? nu+v or I~a~eeli~~ •~t~s~e or ~,.J ;e~~J end ei' ~~c~..~.~n~•n~ sr:! ptnon~lly towrNJ by t~~~ ma~q-
~g~, wdh all pr~mium~ thereon ya~d in 1~II, fue insur•nc~ ~n iM uswi ~~.,~~ciard ~,o:~cy lurm, ~n a s..~n ~yyiu.rJ b/ ti~e MGk;t,AGEE. •nV w~nditorm
ins~ruK~ in IM uswl iund~rd po6q fam, ~n • avm •N~~~o.dd ~y the MURTGAGEE, in ~uch co~~~No:~y or cu.~.pan~e~ MORiGAGfE m~y
d~retl; ~nd NI lir~ •nd wind?torm imurantt pol~uai on •ny of ~a~d bu~id~.,yf. a~y inie~~a~ rt~~r~r, oi ~:ar~ tl~r~rol, in Ihe ~gyre~~~• ?um ~la.eta~d w ~
in •actu Ihtrtoi, ah~ll con~~in ~M uiwl s~~nJa~d mo~~ge9~e ci~~~e w ~uch othe~ da~sn •s ihe Mo,~y~yre ~~~ay rrq~,rt. m~~~np t1~ ~oss vnJw sa,d poti-
cies. e~ch ~nd ~very. p~Yabl~ ~o ~a~d MORiGAGEE .b ~merctt m~y ap~a~, u~d each •nd e.er~ tuch pu:,c~ ~l~eit be pnxnp~iy •~synrd and dal~re~ed ~o #
•~y M~d by ~~~d MORIGAGEE a(urrhK securi?y ~o sa~d n~a~flay+ debt, end, not Iru ~iwn ~en ~10; d,~i in ed+.~.ca o1 ~he exN~r~t~~ of each pobcy, ro d~-
Irve~ lo ~id MORLGAGEE • ~enewal tMroof, toped~sr w:th a recr~p~ fo~ tAe p~cn~~um of ~v:h ~c~~~•~ a~~d U~.re st~all be ~w f.re or winds~onn insvrance
plattd On ~ny O} iaid b~itdin9f, ~ny inter~sl theuin M p~rl thtrto(, un!rss in Ihe fo~m r~A wth the ~ost pe~eL'e as efwtasid; •r.d in tM e+enl any fum :
of mon~y becom~f payable und~r fuch policy or poLCief iaid MORTGAGEE ~hall hsve it.n oF.eun ro rcca~.e ~n,i apH~y the ~.n~e on accounl of Ihe ind~b~ad~ '
ness sKwed INr~by w ro permit s.id MORTGAGORS ro rccr~.e and usa it w a~~~ r1~.. c~,1 ic.r r;,, ;s,•s. ...~~~'.~t th-r. u~ w,;.~.y u. ~mp.,~r- ~
iny sny pu~ty, li~n p riqhl undar w by virlw ol ~hi~ mo:rg+ge; ~nd ~n ~he avam sa:d MURI(;AGOkS fhoil (or any rea?on (~il lo Arep ~he sa~d prernlies ~o
ins~~ld, w fail ro deliver p~anpUy ~ny of said poLcies o~ ~ntiurance to aa.d ASGRIGAC,EE, o~ +~u pro~r~y,!I/ lo pa~ 1~~iy any p~r~n~~m thtreiw or in •ny
respecl f~il b p~r(am, disch~~ge, execute, elfect, ca+~pletn, comply w~th si~d ab~Ja by th~a co:rr~e„~, o~ .+ny pe~~ hrreof, sa~d MuRIvAGEE may pi~ce •~d .f.
pay for sut8 insurance o~ sny pan thertof wi~houl waivinq w af(eUing any oN~~un, tirn, squ:~y, oi r~~ht ~oder o~ b~ v~rtw of th~s Mo~cy.a-. •nd the .
full amavnt o~ c~ch and •very tuch paymenl fhall be ~mmediatety due m~d peynble •nd s?~all beer i~ve~vs~ f~an +F~ dafa Ihcreo( unul paid a~ ?F~e ute of '
n~ne per centum pe~ ~nnum axl ~o~eU~rr with such ~~ueres? shaii tw scwred t:y the t~en of th~~ n:o~lgeye. '
1. To ptrmil, eommit or ~uifa oo w~sts, impaiimen~ w de~enoroiion uf sa~d prc~.rny a ao~ pert tF~~eof.
5. To pay ~II and ~inpulp tM costs, charges and expenses, includmg a reasonebte at~om~y's fee and ccsts o( abs~~acts oi titte, incunad or paid at
eny time by uid MURiGAGEE, bec~use w in the evero of the faiiuro on ~he p~rt of the ae~d MORIGAGOR ~o duly, promptly and fully pfrform, d~scherge.
exew:~, •flect, complete, comply w~1h ~nd ab:de by ~ech •ud every the s~ipu~anona, a9n•rm,:nta, ca,J~nons, •nd co~enants of sa~d prdn~iso~y nofe u+d ~h,s '
nwrtg~y* any w e'ulxr, ~nd sa+d cost~, cMrges and eapcnse~ each and every, shaU te ImmrJ~st~ly due and E:ayabir; whr~her or no~ there be no~~ce dr
mend, attempt to tollM w ~uit p~nd~ng; ~~d ~M full amoum of each and eve~y such pa,mem shell oea• ~n~~rrs~ irom the d~te ~he~eof unril w~d at the
rare o! nine per ce~tum per annum; and ~11 s~id costs. d~ar9ci and expanses ~rK~~red or pa+d, ioycthrr ~v~~l~ auch intereit, ~t~all b~ secured by ihe lien of thi~
mort9a~.
b. TM~ in the evem of any breach of lhis Mortyaga o~ defautt on tt,e pari of ~he h1URIG:.GGR, or ;b) in ihe eveot any af sa:d wms of money
Fe~ein reFe~ted 1o be not promptly artd iully paid w~th~n t~~rty i30} ~/iys nr.t afrar the s~n~r se:rre':y beco•ne d~e a~d pa~abte, wnhout demsnd c~+ Muta,
or (c) in the weM esch and every thr itipulations, agreemeros, conef.~~ons r~d covenan+s ol sa d pran~sw~ y nofe and th:s mortgaye any o~ e~~Fkr are not
i~:y, promptly ~nd fully performed, d~scMrgcd, eaecuted, effeued, complered, canpi~ed w:rh a~~d ao~Jrd 5y, ~hen m enher w any svch event the sa:d sg~
pregat~ wm mentioned in said promi~sory note then re.r.aining unpa~d, with m~rrev acuutd, and i:! mone~s sec~~ed hereby, shall become dw •nd pay
eb'e }uthwith,,w thereafter, •t the option of ia~d MORTGAGEE, as f~Uy and cornptete!y as if e~l oi ~hr said wms ef money wae wginally st~pulated
.
to be paid oh sucl+ day, anythin9 in sa.d prwn~sswy note or in th~s Mortgayr ro ~he co~~~rer~ not.v:fhston~~~„3: and thereupon w ~hnreafter N the opt~on of
seld MGRTGAGEE, withoW no~ite ot demand, suit at law a in equ~ty, thr~rio.e w ther~a!t~r t~eyun, may t,e ~,r~sea~t~d as if a!1 moneys secu~ed he~eby
nad matured prwr to us inatitutan. •
7. That in the event that at the beginning of or ~t any tlme pend~r~g any su~t ~pon ~i,;s M.o~!gaye, or to fo~eclose it, or to ~e(orm it, or to enforu
payment of •ny daims hereunder, said t.!ORTGAGEE ahaU apply Io thC Coun h,vu~g ~~~~~d~r.cn fhcreot fur ~?u appo~mment of • Receiver, such Court shef!
Fc~fhwirh appoint a receiver of sa~ mortgayed property ail and singvlar, inciud ~,g au o~~d a~~~y~~ar ii~e inco~ne, profies, iaiues and revenves (ran whetever
~cu~ce derived, exh and every oF wh~ch, it bein~ eap~esa~y unders~ood. ~s hereby mungigrd as ~f spec~l~c~~ty set forth and desuibrd 'm the yn~t~ng and
habendwn clauxs hereof, and such Receiver shall have eil the broad and eifctt~ve funu c~u and po.,,c~s in anyw~se emrwtcd by a Covrt to a Rcteive~, snd
~~ch appoi~tment shaU be made by such Cou~~ aa ~n admittrd equity and a mattn of atsolute ngh~ to sa~d MORTGAGEE, and wi~houl reference to the
edeqvacy or inadequacy of the wl~e of the property mortgaged or to ~he savency a~ ~~~w;.enc~ ot se~d h:ORiGAGOR a the defendants, and that fuch
re~n, profiri, incorne, itsues and revenuet shall be applied by such Receiver accord,ng tu the lien ot equiry o} sa~d MORTGAGEE ~nd the prKtice o( tuch
Court. '
8_ To duly, promptly snd fully perform, discharge, eaecure, eflect, compiete, con~pty w~th a~~d abide by each and every the stipulations, agreemcnl~,
condilionf ~nd core~ants in u~d promissO~y nOte a~d th;s ~nortgege sef forth.
9. TMt in the event the ow~rsh;p of the morrgaged prcrn:ses, w any part th~reaf, teco~ne~ vested in a person other than the MORTGAC,OR, the
h'.ORTGAGEE, its wccessors and ~ss~gns, may, wi~hou~ nonce to the MORTGAOR, deai wnh su:h successor or svccessor in i~terest with referonce to this
morrgage and the debt hereby secured in the same ma~:nrr as with ldott7ago~ w~thout in any way vit~a~ing a d~uherg~ng the /Jbngagori ~iability h~rr
under or upon the deb~ hereby sec~red. No ~ak of ~he f.e~,~us tKreby mo~~g~ged e..d no forbeara~ce on the part of ?he ?dORiGAGEE a its wcceiwn
o• ass~gns and no extension of the time for ~1ie paymem cf ttx deb~ h~reby sec~red g~ven by the taUR1GAGEE o+ i~s succesiw• a auigns, s~~stl operat~
~o rNease, dixharge, modify chenge o~ affecf Ihe e: igiru~I liab:i+ty of the N~ORTGAGOR herein, e:ther in whok u in part.
10. It is speufically agreed that t~me ia ol iF~e HtMCQ of ~h~s co:,uad aod tfiat no waiver of any obt6gat~on hereurider w of the obliyation sr
c~red hereby shall at any time theteafter b~ held ~o be a wmve~ of the te.nu hereof or oF ttx inscrun~en~ secured herby.
I1. In add.~~o~ to the iw~go:ng mwuhly paymems of princ paI arid infer<sr required ~y the prcm.asory nc!e sewred herab7, mortgagar covenants
ard agrees to pay to mortgagee with each mont~ty pay~.•ent an adJ~ncnal wm rst n:at._d by mortyj~re to be equal ro 1,'12 of the annual tost of the ~ollow-
,,q;
A-AII real p~operty taars lev~e~ a assessed agal~st thc aboie drs:ri~•_d rea~ esrare.
B-Premiums on fire and w~ndstorm msura~ce as here~n req,:red to t~e ca+ri._d on fhe :n,p~ovz~re~!s s;tvare on the above described premises.
C-Premiums on such mwtgage gwranty irsura~.ce as morr3j3ee sha;l .`ro^ r r. e ro t~r~c d~rm fn to carry an the loan secured t~ereby.
Mortgagee shail from hme to n~ne notify mongagor m wrrt~ng of the a-::ou~t d~e and payable here~ndrr and such su~n sha!~. theceupon be due arxl
..~,able on the due date of the next month!y paymene and each success~re ,mo~~+h rhe.eafrer uo~il mc+tgagee shall not~fy mortgagw ot a change in such
ount $uch ~ums sFall be applied by mortgagee toward the pa~ment of rzal propert~ faxrs, ins~rance prcm:ums, and mortgaye guaranty insurance
i
. ~-e~riums. - ~
~ IN WITNESS iNHEREOF, the said MORTGAG'>R has hereunto ser his hir.d and seai +he dty aod ye fir oresaid.
~ Siyned, Sealed •nd delivered in the presence of:
I
~ , ~ T- . . -u cs~.n
j - - ~~-`--=~i~ ' - - - (Seaty
~ . ~1 + -
g _ % . u e c~.~
€
~ S i ATE OF FLORIOA ~
u.
~OJNTY OF St . Lucie
Befwe me personally appeared John A. Mul len _ _ ~„d
Jndith L. M{1].leI1 his wife, ro me well known and known ~o me to bt
rhe ir,dividwls described in snd who executed tha fwegoinp instrument, and acknowtedged beFwe me tMt they executed the aame fw the purposes
~ rhe~e~n expressed. And tFro said - J11d1Lh L. Mllllell
.~~fe of ths ssid .jOt1S A. Mullen upon a xpa.ate and priv~te
~ eRam;nat~on by me taken separate +nd apart from her ssid h~sband, acknowledged to and before me that she executed seid instrument freely and voluo-
~a-~ly and without any compulsiw~, constraint, apprehenuon, p~ fesr of or i~om her said husband.
WfTNE55 my hand and officul ual this ~ day of_ u A. D. 19~1
~ ~ ;
F ~ ~ i ~~t :v
Notary Pub~~c in for. State of flwida at lar~e
~ My Cortimission ekpiret:
Return To: p~1is, Sta'4 of f'or~dn a~ ta~
X Fint Federal Savings 3 Loan Associat~on No~ry ~ ,ec :vl 22, 1477
~ µ7 Cornrr.':s.on Ex(~ 1
Of Fo~t P~erce. ~~d by qm~~icon fire i Cosudty Co~
~ Fort Pierce, Florida
d
~ . . .
~ This Instrument Prepared By RObeit J. Bvens~ JT. • .
~ First Federal Savings b loan Association ~
FILEO AMD AECOROEO
~ of Fort Pierce =T~ LUCIE COUMTY ftA. ~ : . ~ _
Fort Pierce, Florida 33450 ROCER POItRAS -
~'-ERK CIRCUIT COURT ~ ~
Checked By - _ ` y~ rF1E0 ' ' , " -
Ju~ 10 10 ~s AH'11 ~~_~-.:~~~~Y r~.:..
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8~~27i 7z7 3'72541
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