HomeMy WebLinkAbout0507 s. To plac~ and conN~~ouily kHp on tM buildups ~aw or hN~+f~~r urwt~ or sacd I~nd ~nd on ~II ~qu~pn~et u+J pe.wrully cova~d by ~h1~ mor~
with dl p~miwnf Nw~~on p~~d i~ full, f'u~ ir+a~nna in tlw ufwl ua~dud pot~cy fam, in • wm ~pprov~d by ~M /NORiGAGEE. and wirxktwm
Iruww~n N tM ~wal Nandard pol~c~r fan?, in • swn ~pprowd b~l ~M MORTGI?GfE, le wch tomp+ny a tanpanhs a~ tM MORTGAGEE m~y
d~ntti and all ih~ uid wind~arm i~twana pdiciw•on ~ny, of sa~d build~~q~. u+y inqr„t ~Mrein w put ?hawf, in tM ~pp~p~~e wm ~fa~said w
in ~ass tl+awi, sMll conta~n tM wwl aandad matpapN davN or ~ud~ aha clws. a rM Mor~q+qe. may ~~qu«~. euLinp tM Iou wKk~ s+d polE
cl~t. ~ach and ~wrY. WwbN w wid MORTGAGEE a ib intKes~ may app~a?. ~~+d ~ach M+d ~wr~ .uch poi~cy ~I+.11 b. p+ompuy ass.qn.d .ed d.liv.r.d w ~
any MW by uid MORTGAGEE fw~hN s~svrity w s+id mat9ap~ tMW. ~nd. ~wt t~ss than tM i'Ol days in alvanc~ oi ~M ~xpir~tion o{ ~acl+ policy. ro dr -
IivN ro wfd MORTGAGEE ~ r~ntwal tlwrwf, 1op~thN with ~ rK~ipl for tM pnmiwn of auch .~nswal; and IMr~ tihall b~ no ('u~ w windt~am 4uw~nc~
p1~pJ on any of ~aid b~ildinp~, any Mt~rat ti~~w+ or put tlNnof, vnl~» i~ the.fo~m ~~d wi~h ~M.los~ p~yabl~ as •(w~s~id: and in tF» •v~nt ~ny sum
of moMy b~com~s p~y+bl~ vnd~t such polky p policiN s~id MORTGACsEE ihail Mv~ 1M option to rsteiv~ and apply ~M sam~ on +ccoun~ oi tM Md~bted~
n~s~ s~ew~d hw~by o~ a pKmit ~aid MORTGAGORS w neyiw and uw lt p•ny pa~t thereo( for other purFwsef, w~~ho~t thrreb~ waivi~iy a xn~~~r-
Inp anr pvity. IiN~ w ripht tx~ or by vlrtw of thi~ mortpap~t aed in Nw ~wnl wid MORTG/1GORS d+all fp ~ny r.ason fail a ke.p ~h. said pn~+iaa so t
insured, a fail b delivK promptly ~ny o1 taid policias of Inwrana to uid MORTGAGEE, a(ail promp~ty to pay futly any premium ther~fa or M ~ny
rKp~N fail b pNianl, dixMrp~, ex~cut~. ~fhct, compl~l~. oomply wirh u+d ~bid~ by this covtnsnt, or ~oY put Mrwf, taid MORTGAGEE may pl~c~ a~d
p~y fo~ such Gaur.nn o? ~ny part tMrwf witho~t w+ivinp a afbctinp ~ny option, IIM, eq~ity. w ri9h~ undN w by vlrtw of this M«t~ap~, ~nd tM
f~H amount of ~ach and ~wry such p~yment ~hall b~ invn~di~t~ly dw and p~y~bb ~nd iMll bes~ intaat from tM da1~ ~hereoi ~ntil paid at tM un of
n~r.~ pK cMrum pa ~nnum arw! together wi~h wch imeres~ ihall b~ iscwed by tM tien of thit ma~qaye.
1. To pwmit. oomrnit a wff~r no wat~. Illl~lfltll111 01 fIltNlOf~tlOfl OI iNd pfOPff1Y Of M1y piH 1I1lI~Of.
S. To par ~il and ~irg~lar th~ costa. charp~s and ~xpwws, includinp •?NSO~bI~ ~ttwney's fN u~d cwn of abur~cts of titt~, incurr~d or paid ~t
~ny Nm~ py ~aid MORTGACsEE, b~tw~t a In th~ wsnt of d+~ failw~ oe tin p~rt of ~M uid MORTGAGOR to duy, prompNy ~nd futly p~lwm, d:schary~,
sxec~q, ~ff~p. compl~t~. complr wHh and ~bid~ by ~xh ~nd ~wry ths stip~tiora. apream~nt~„ co~ditions, snd oovenants oi s~id promiswry no~~ and tFw ~
mortpap~ u~y a~ithM. ~nd uid co~n. cMryes u~d ~:pa~ies, Nch and ~wry. ~hall b~ imnxdiately dve and payabl~: whetMr or not th~r~ b~ ewrice da
m.nd, ~nempt ro aolkct w wit pMdieqJ and tM fvll amow+t of sach uid ~wry wch paym~nt shall bea. in~eres~ from tht d~~~ ~her~of until p~id a~ tM
ra~e of nine per centwn p~r arrwm; and all satd costs, cha.~s and exp~nses incwnd a paid, together w~th iuch intaest, thall b~ s~cvr~d b~r tM liee of tha
mw~9+~.
b, That (a) in the ~wn1 of ~ny b~~ad~ of tAb AAortpap~ w dtfault on tFr part of the MORTGAGOR, w(b) in ~M ~ve~+t any of ~a~d ~~xra of money
nerein nfNrd ro b~ not prompfly u+d fully p~id witbl~ thirty (30) days nea~ afee~ ~he same sever~uy becane dus ar~ payabl~. without demand w notice.
ar in th~ ewm ~ach aewJ twry the stipulatioro, ~preem~nri, conditans and covenants of ss~d promissory r+ote arx) th~s mwtpa~e any o? eithe~ ~re na
iuly. prpnptly ad fuly pafwm~d, dscl~u~ad, ~xecutd, ~fhef~d. compl~t~d. complisd wi~h and ~b~ded 'iy, then in eitF~ a any tucA rwnt tM uid sg
prepat~ wm m~ntar~d in s~id pramiuay noN then nenainiep ~~id, with 1fltNHf KGYld. M1d ~II ma+eys s~eured Mr~by. shdl b~oonw dw a~d pay-
abl~ fonhwitly or tMrsafta. at the option of said 1NORTGAGEE, as fully and compl~eely u ii ~11 of tha wid wms of maKr wer~ aiyinally stipulated
to b* paid on wd~ d~y, anythinp in sud praniuory noN or in tha Mwyag~ to tM can~~~ry nawithstu+d~ng; and tMr~upon w ther~~ftM at fhe option of
said MORTGAGEE, without notic~ w demsnd, wit N I~w or in puity, there(w~ or therca(te~ begun, may be pros~tuted u if NI moneys sac~r~d hereby
had m.tured prior ro in insNn,lion. ~
7. Th~t In tM wenl tMt ~t th~ beginninp oi or at any tim~ pendinp sny wit upon this Mortyage, w to faecloss it, or to ~~fwm it, or fo enforp
paymeM of sny dairm he.ew~de~, s~id MORTGAGEE shall apply to the Caxt havirg jw~sdrctan therec+f for tM ~ppo~~tment of ~ Receiver, such Covn shall
Fwthwith appoint a raceivv of said rrwrtyaped property ~II ~~d sinp~l~r, includ~ng all and sinyular the income. profib, iuues ~nd nwnws from whsttver
wurc~ dKiwd. e~ch and wery o? which, it b~irp ~xpreuy understood. is hercby mor~gaged ss if spec~fiully aet for~h and dear~bed in the yr~ntinp and
habendwn davsss hereof, snd such Rtceive? shall h~vt all tF~ brod and effective f~nctw~s ud powers in anywiu et+trusted by a Court ro~ Receivtr, and
•uch appantment sAall be mad~ by wch ~owt u an admined equity ~nd a matter of absotute riyM to said MORiGAGEE, ~nd without refer~r~ce ro ths
sdequacy a inadsq~racy of tM wlw of the property maty+yed a to the sowency a insolvency of said MORTGAGOR a the defendann, and tha~ such
rent~, profits, income, issuea a~d revenues sA+ll b~ sppli~d by wch Receiver eccadinp fo the 1'ien w puity of uid MORTGAGEE ~nd the practice of such
Co~A.
8. To duly, promptly ~nd fully p~rform, discMr9e, ~xecute, eff~ct, carpl~ro, comply v~rith and abids 6y ach ~nd every the stipulatio~s, agreemenn,
coreditans and eoven~nq ~n said p~omissory not~ and lhis mortpsp~ ~et fwth.
9. That i~ the ovem th~ ownership of th~ mortyaped prsmises, a any put tF~ereof, becomes vested in a person othe? tMn the MORTGAGOR, the
MORTGAGEE, iM wccesso~s and astipns„ may, without notic~ to th~ MORTGAOR, deal with svch successor a successor in interett with refcr~nce ro this
mor~~ap~ and ths deW haeby secw~d in th~ sama ma~er a with Morty~pw without in sny way vitisti~g w d~scha~ging the Mo.~yagors' lisbility h~rr
under or vpon the debr hereby sacwed. No sal~ of ~M p.emises hereby mo.t~aped ~nd no fo.bearance on rhe part of th~ MORTGAGEE w in ~vccesson
or ~ssisp?s and no extanion of th~ tim~ for ths p~ymN+t of tiw debf hereby secured y'rw~ by the MORTGAGEE or in iuca~s~on or ~ssgm„ sh+ll operats
io raMas~, dischary~, ~fy charp~ or affact t!w wipin+l liabilitp of tM NYORTGAGOR F?~nin, eithtr in whde or in part.
10. It is specifically agro~d tMt tim~ is ~of tFk dsenc~ of thia contr~ct and tl?~t no waiver of any obliyatan hsr~w~der q of 1M obliyatlo~ ~e-
cvred h~reby sh~ll ~t ~ny tim~ ther~aftN b~ bsld to b~ a w~iw~ of tM terms Mreof or of the instrument ~ecvred herby.
11. In sddltion ro the for~go:ng owr?thly p~yments of prin~ pal and i~te~est ?eqvired by the prom~ssory note secwsd hereby, mort9apor oovenants
and agraes to pay to mort9egee with esch monthty p~yment sn ~dd~rion~l wm est~mated by mortyagee ro be eqwl to 1/12 of the annual tost of the follow-
ing:
A-Ali real property taxn kvied or ~ssessed ayainst the above desc~~bed real estate. ~
b-Premiums on fire and windstorm insuranu ss here+o requ~red to Fx tarried on the impravemeats situate on the +bove desvibed premises.
C-Premiums on such mat9~ge 9u~ranry inwrance u mortgagee shsll from t~me ro time deem fH to carry on the ban fecured hereby.
, Morlyagee shall from time to time ratify mortgayw in writirg of the amount dve and payabk hereurdcr and such sum shall there~ipon be due and
payable on the doe date of the ne:t monthly p~yment and each successive month thereaite? u~ti1 mortgagee thall norify mortyagor of • charqe in such
' amount. Such swns shall be ~pplied by mortysyee toward tht payme~t of real property taaes, insurance prem:ums. ~nd mor~g~ge ywrsMp . ietursnce
~ premiums.
t• s -.r
IN WRNE55 YIiHEREOF, the ssid MORTGAGOR h+s hero~mto set his hand and seal 11» day and ysu first afwesaid. c
t ~i~ ~j1l~t 111 Of: ; as~c~~,-- :
` y
[ n
f ns ~ a L~ i/ ~ ^
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' ~ CLER~ CIIt~ COURT - : . , ' ~ ;
~~~~~r, vr.p~ ~EO.~..-.--- ~n
Arlene M. Fenton
~ J 231 fl s~~ a S+ a_~C ~
STATE OF M~CYI~$8II ~ , ~ " ~
~our~n oF Wa3rue u' r "•.,,5: J ~ ~
6~for~ m~ pKwnaly .ppeahd Garol~l F. ChambeZ s V I`~.l~~ .;'`?+'~,~in~ett~•` •nd
. Dia r y Lou a m e r s his wife, ro me wen krww++ .na known w me w b.
rhe irwNviduab d~scribed in and who tx~cvled tM for~poirg iratrurn~nt, and ackrwwkdped befon m~ thal thsy ~a~cuted the sarrw fw th~ purposes
rhriein .xp..sttd. Ana th. s.~ ~1arv Lou Chambers
w;re of „b Garold F. ChambeYS , ~,p~„ ,,~p.,.~e P,;~.~.
examiewYan bp me taken sepsraN ~nd apaA from her uid husb~nd, atkrawledped b a~+d before me thst sF~e execvted said iratrumeM iraely and volvo- -
rer~ly and withovr uhr compvlsion, oonstnbt apprehension, or fe~r of a hom wid husbud. '
WITNE55 my hand ~nd offkial s~al. *w• 'sea~d day of e t /1. D. 19~
~ Notary it in ud or the Sute of
Retwn Ta ~~eu~zy
2~`; ~`i979 ~ -
Fint F~de~a) Savinps i Lo~n Aisotistion
Of fort P]eru. MNRY ANN SMOLINSKI
Fort Pierce. Flo?ida • ~ publet. Wayne Ca.x~~Y. ~iCliiQall ,
CO~nnits~:~n cxFt:~s ,.~,~y~ ~p-s~ .?~ryt,
,~~';~1 ' : f 1 f.
. . ~ . §
~ : '
Oonald E. Hughes ~ t
This Instrument Prepared By ~ sa • ti.
, ~ L,Z ~
First Federal Savings ~toan~lssocietion ' t~ ' ~ ~
of Fort Pierce s' 4,-._ .
Fort Pierce, Flwida 33450 ' ' - -
f
R '
s~ n
Checked B - ` ~
7
y ~ 600K ~?CE w J ~c~l'~ d _ `
, ~
: ~ ~ f ; ~ bP + ~