HomeMy WebLinkAbout0056 To pbc~ and con~inuously k~ep on tM buitdinps now a harNhK sitwt~ or s~id I~nd u+d on all squi~vn~et u?d pNwnally oovK~d by tAi~ mor~
p~, with NI pr~enlw+?~ tMnon p~id in futl, fK~ ~iraur~nc~ in ~M wwl sa~dad policy form, in • sum ~pprowd bY ~ha NWRiGAGEE, •nd wir~torm ,
~mw~na In tM wu~l ~~w~dard poticp ionn, N~ w~n ~pp.owd bY ~M MORTGAGEE. in wch compa++y w companiM a~M MORTGAGEE ~n+y
dir~tt~ and all ~k~ u~d wind~lonn Inwr~no~ politiN on anY ol s~ir buildinpt, ~ny inar~~t ~lwrtin w pwt thtr~of. in tk~ apqrpaq wm iiaNaid w
u, ~aaa th~nol, ~h+ll oontain ~Ir uswl ~~andard mor+9qN dwN or wch aha dwa a ~M Ma~yapa~ m~y requue, ma?u+p ~h~ Iw~ w+d~r u~d po1i~
ciN. wch and ~w~Y. MYabl~ to aid MORTGAGEE ~t itt intw~st ~wy ~pp~a?. aew! ~ad~ ~nd ~w~y wch policy shaN b~ P~omP~ly ~as.y~wd and ddiv~r~d w
~ny Mld by s~id MORTGA~3EE a fwthN s~w~ity to s~W morp~ d~W. aod. nw le~s tMn an 1101 d~ys in adrw+a ol tM ~ap'u~tion af eah po1+ry. M dr
tiv~r ro wid MORTWIGEE ~ ~e~twal tMrwf, 1op~tMr with • nuipt ia ~M p~~miwn ot wch re~?ewali and ~Mrt ~ha11 b~ no f'u~ w wi~ditam tnw?u+u
Ql~ud pn ~ny of said buildinp~, ~ny M»nst IMnin a par~ tMreof, unlsw ln tiN fam ~nd with th~ bu payabt~ u ~fa~aidj ~nd in tM ~wnt ~ny swn
of nai+~y b~cae»s p~yaW~ w+~Mr wd+ poticy a polici~s add MORTGACsEE sMt) haw ~M opt~on ro nosiv~ Md ~pply tM wn~ on +ccount ot tM ind~ted~ • 4
~+.u s.cw~d tw~r w a pKm?~ s.W MORtG~?GOrtS ro nc~tw u~d us~ H p•ny parl thereol fa other pu~po~ef. wilhout ihr.cb~ waiviny o? xnpair- • ~
iny Mr puity. li«? a ripht urnlM w by vktw of thia na~tyap~~ and in tM twnt wid MORT('sl?GORS ~hall fa a~y re~wn fail ro k~ap th~ aaid pnmaa w ~ ~
In~ur~d, a fd) 1o delivK promptly u~y of ~aid policia oF lrowanc~ a said MORTGAGEE. a fail p~omptly ro pay fulty +ny premivm tMr~for w In any
rnp~ct tdl b pwtaen, ~p~, ~x~cvt~, ~ff~ct, oompl~tt, co~nply with aod ~bid~ by th~~ cov~nant, « any put herwf, said MORTGAGEE m+y plxe and
par fo~ ~uch M~w~+a o~ ~ny pxt tMrwf wt~hout w+hrinp a~H~ctlnp any option, li~n, pu~ty, o? ripM und~. a by virtw of this Ma~pap~, and the
full amovnt of ~ad~ «+d war wd~ paya~+t shal! M immsdiately dw and py+bl~ ~nd ihal~ b~~r intKetl (rom the dat~ tMreof uroil paid tM rat~ 01 ?
nina pN p~tw~ p~r amum ~nd topetl+s~ wi~h wch in~~.~st shall b~ s~cv~ed by tM li~n oi this matpap~.
4. To p~rmh. aommlt or wfia no wa~tq h?P+i?m~nt or dN..iontan of ~aid prop~rtp a~ any prrt lherwf. %f i.
S. To pay dl ~nd sinpubr th~ ooat~„ dwpN and ~apaws. inclvd'a+p a nasawbl~ attane~/s fse and cwn of abstc~cn of ti~l~. incwr~d w p+id d~~ ;
•ny rin» by s~W MORTGAGEE, b~cwa o~ ln N» ~vMt af th~ i~ilun on tFr pa.t of tM aid MORTGAGOR ro duly, prompty and fully p~.forn~, d~uMrq~ t
exeM~. ~fhd, wmPk~. ~Pb wlth and ~bid~ by ead~ a~d wwy ~ stipul~i~om. +pre~ne^n. ca~ditiona. ~nd cown+nb oi said promisw.y noh and thii t
mor+Qps ~mr w~iN~. and aid co~N. chu9n u+d ~xp~nws, e~ch and ~wry. iFNII ~ MM~1tdNtfly dW ~nd pay~bte: wM~he~ a na ?Mn b~ naK~ da
mand. ~tNmpt ro aolbd a wN py~dinpa aid tM full ~rriovm of eah and svKy wch paYmM~ sF»II b~a. io~eres+ from ~M da~~ tMreof un~it paid ~t the t
rafe of niM pN cenfum p~r w,um; and NI said oosts, charp~s aod ~xpenses ioa?rr~d w paid, tope~her w~~h such imerest. ~hall b~ securd by th~ li~n of tFw
^anp+pw ~
6. ThN in tM wa~t of ~r brNCh of thb Nbrqap~ w dffw{I on Mr psrt of the MORTGAGOR. a(b) in rh~ went ~ny of s+~d wma of moMy '
herein r~fKnd ~o b~ eW pranpty and fuly paid within thirty (~0) days n~xt afrer th~ sams sever~Uy become dw ~nd payabb, without d~m~nd w notiu. ~
or (c) in the ~wm tach ar?d ~v~ry fM atipulalio~a. ~preuew~n, conditions and cov~n~nb of sald promissory note and thN mortyape u~y a either an na ~
iuly, promptly and fully paformed, dxhar~ad, ~x~wt~d, ~ff~cnd, campbt~el, oon+pli~d with and ab~ded by. tMn in eitMr or ~nr such ~wnt tM ird a¢
gregaM f1Mn fMntiOMd In Nid prOrt~biO~ry noM 1Mn r~rn~nug ~npaid, wlth IIffK~3t KCfYMI. afMl a!I naoeys secvr~d hK~by. sh~ll bsean~ dw a~d psy- i
abte fwthwitl~, a tlnrwfiN, ~t tl~t option of said AIIORTGAGEE, a fully ~nd completely as if all of fhe said wms of mary wer~ pgin~lly aripulated
+o be paid on such daY, any~hinp in sakl promissory nae or in ~hi~ Mort9a~ to tM con~.ary notwithsfandinp; and the?e~?pon a thereafta +t tM optan of ~
~a~d N10RiGAGEE. witho~t notiu a denw~wl, wit ~t law a in ~quity, thsrefw~ of there~fia beyvn, may be prosecuted as If all ma~eys sewnd hereby
had m~tw~d p?qr to ib iMtifWion.
7. Th~t in tM went tMt at th~ bs9in+inp of or ~t aMr tim~ pendinp W+y wit upon this Matgage, w ro fwecloa it, w to reform it, w to enforw !
payment of say daims Iw.eue~der. Mid MORTGAGEE shall ~pply to the Court l+aving jwi~d~ction thereof for the ~ppointmant of a Receive~. such Cowt sh~ll
fo~fhwith ~ppoinf ~ rocsiwr of s~ld rtart~ap~d propKty all ud sinpubr, includ~ng ~11 and singular ths incwn~, pro(i1s, iuu~s u~d ~ewnws f~om wMt~vsr
wurce dKiwd. ~ad~ ud ~very of which, it b~inp ~xpressly unde~s~ood, b l+e~eby matgaged u if apec~fiuly set fath and desu3b~d in tM prMtinp ~nd
hebendum clavs~s I~steof, and wch Reo~ive~ sha0 haw all the bro~d and effeitive functwns ~nd powe~i in anywise entrwted by a Court to a Reteivv, and
wch appofntmenl ~hall be m+dt by s~xl~ Court u an admitted puiry and, matter of absofu~e rigM ro seid MORTGAGEE, ~nd wi~hovt refKe~u w tM
sdequ~ty a inad~quaty oi tM wlw oi th~ property mwtysp~d w to the sohrency or insolvency of said MORTGAGOR a tM d~fendams, and tMt wch
rems, profits, incoms, issves and r~ven~p tMll b~ applied by wd~ Receiver accord~n9 lo the lien or squity of s+id MORTGAGEE u~d tlw puctic~ of such
Coun. ~ .
S. To dvly. promptly and fvlly pwfwin, dachar~. execut~ effect, oomplete, complY with ~nd abid~ by esch ~nd ~wry tM ~tipulations, apresmenb,
candirana and oaven~n» in said promissory not~ and this moMysp~ se1 forth. • _ .
9. ihat fn th~ weM tM ownershlp oi the ^wrl9p~d Pra^is~s, a ~ny part tha~of. becan~s vested in • pKSOn otMr th~n th~ MORTGAGOR, th~
MORTGAGEE, its wcoessors u~d assipra, en~r, witF+out notice to t1r MORTGAOR, desl with ~uch suaessor a sucussw in interest with ~~ference ro this
mor~yape and tM debt he~eby t~cvrtd in tM sarn~ mannK at with Moripayw withouf in ~ny way vifiati~g a dixharyi~g the Mortyapors' li~bility her?
unde? w vpon tM debt hareby sec~red. No s~l~ of th~ pr~rni~ he~eby rnaqap~d snd no fab~arsna on ~h~ part of tM MORTGAGEE a in waesson
er e:sigro a~d- no ~xtMSion oi tM rime for tM p~yrtrnt of th~ dsbt hereby secured ~ivan by ths N10RTGAGEE a its woctssors or auip% ~hall operat~
ro releas~, di~charp~, modify cfiange w ~ffecr ths wipinai Hability of ~he MORTGAGOR Mr~'wy eithe~ in whols or in put.
10. It is spetificslly ayreed tMt tim~ a of ths esscnce of this coMract and tMt no waiver of any oblgat~on Mreunder or of tl» obligatio~ sr
cvred henby ahall ~t ~ny tims thereah~r b~ heW to be a wsiver of the terms Fee~sof o~ of the instr~mem seared herby. -
11. In add~tion to the fwego:ng monthly paymenn of princ:pal and imerest reqvired by the p~omissory raie tecured F?ereby. mortgsgor covensnri '
and agrees ro pay to mortgagee with each momhly paymer?t an add~rional sum estimated by maty~gee to be eqval to 1/12 of the annw! c~t of the fdlow-
ing:
A-All real property hxes kvied a assessed agairot the abov~ described real estate.
B-Premiumt on (ire and wL~dstorm insurarxs u herein requued fo be carried on the improvements sitwte on the above dewibed premises.
C-Premiums on suth mortgaye ywr+nty Mwtante ss morqsgee sh~ll from rime ro rime dcem fif ro urry on the loan secured hercby. ~
Maty+pee sh+N from time to tane notiiy mortyaQo? in wriYug o# ths amwm dve and pay+ble I+aeunder aod wd~ win shaU therwpon be ~ue
payabie on ih~ due date of fhe nexf monthly payment and each successiw mo~th thereafter unfil mortgagee shsll notify mortgsgw of a chanpe in wch
amount. Such sums shsll be applied by morfg~yee toward ths p+yme~t of real property taxes, insurance prem:ums, and mortgsye guaranty iewrance .
p+emiums. i
IN WITNESS WHEREOF, the said MORTGAGOR h+s hereunto tet his hsnd and ~esl the day and yeu fint sfwesaid.
Sip~wd, S~sled and deliwr the pr~ ofi ~
~ (S~aq
Harnl~l F_ RPard~ a mar=ip~Atso,AUlt
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S~Aif~FflOR10A , , -
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courcrY of St _..L.ucie f ~ ~
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Haroli~ F Beard, a marr ied ac'ult v Y
the ind'widwl desuibsd tn and who ~x~cW~d tM for kntrumer?t, and ~tknow iiiX~e, to me well knaw~ known b ms_tq bi~ r
poinp tadp~d befon en~ tfiat !w ~xacuted tl~a •~irne` Eor tM purpwq :
~ rherein ~xpras~d. : _ • -
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~ s~~i+x~d~QNptac~d~ot r.'
~vtTPtESS my hsnd .nd official s.al thi d.y ot A. tsla! / Z
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~ ~ry Public in ~+d fw 51~t~ of Flwida at larp~ .
~ Retum Ta - MY Conrn~ssan szpu lY3tily p{i~.rtC, l:~te p~ 1'f}~:t~a ~t j~ -
S Finf Fsd~r~) Savirgs 8 toan Assotiation
, i~4y C~r.::s_i.:: c: f3 ' -
Of fo?t Pierte. RolO~d il I1s+qcN ir~ i~ •,i~~
fOrf PilfCQ, f~Ofidi . ~l
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~ This Instrument Prepared By C~zol B. Burns ~
First Federai Savings 3 loan Assotiation II~ER'W~As
~ of Fort Pieroe _ ClEAR ~1RCtlR C01lRT
Fort Pierce, Fbrida 33450 `'"'n YfR#f1E0
Che~k~ By ~ ~ 3'740'74 Auc 3 3 ss PM'1T -
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