HomeMy WebLinkAbout0495 To pl~c~ ~~d contiewovsly kNp oe~ tM build'enps ~ww a Mn~f~N ~i~wN or uid I~nd and on +1! equipment ~nd p~rwnally covKed by thu mwfp~
~p~, with ~II pr~miums tA~non paid in fvll, fir~ i~uw~nc~ ie ~h~ wwl f~andard policy fam. in • sum app~ov~d by ~M MORtC,AGEE. ~nd w~nds~am
inwrana In iM wwl s~~ndard policy fain, in •~um ~ppro.~d by ~M MORTGAGEE. in wch company a ca~+pan~K a tM MORTGAC~EE n++y
dinct~ and aQ fi~ and windsa.n+ irou?u+c~ po~icws on +nY O/ Nid bVfldi~f, ~ny intt~yl thNtul W pa~l thlteOf, in ~h~ +ypreqa~~ wm aloresaid a
M ~xc~ tha~of. ~hall contdn ~M wwl ~tandard mort9apN d~vN a wch o~Fw~ cl~u~~ a tM Ma~p+ges m+y ~pw~. m~kirq th~ Iws und~. ud po1M
ci~s, wd? w~d ~wry. paYabl~ b ~ald MORTGAGEE a itt intKeN n?~y app~ar. ~nd ~ach and ~va~y such policY ~hall b~ promptly ~u-pn~d a~+d d~GvM~d lo
~ny Mld by taid NWRiGAGEE a tw~l+M secvriry ro aid mwtpap~ d~bt. and, not bss than t~n (10) d+ys In ~dvanc~ of ths txpirNion of tath polity. ro dr
tiva M laid MORTGIIGEE • ~~e~ew~l tha~oi. lopahK wilh a rK~ipt fa. th~ premiwn of svch renewal; and ~he~~ ~hall be ra f~~~ or windstam inwranc~
plapd on ~ny o/ said buildinp~, ~ny intKeq thK~in or parl tMnoi, unl~u I~ ~M fam ~nd w~th tM los+ payabl~ a~ •fa~aidJ ~~+d i~ ~h~ ~wnt any twn -
. of mon~y Mcoma p~yaW~ w+d~r such policy w policiK s+id MORTGAGEE ahall haw IM op~ion 1o receive and spply the sama on accou~~ o( tM ind~bted-
n~as wcw~d I~~by w w p~m~it ~aid MOR~GAGORS ~o receiw and ua it w any par~ ~hereof fa oiFxr purposa, w~~hou~ ~he~~bi wa~viny O/ impair-
inp a~y pvity. IiM a riyht ur~ a by vtrtw of fhis narfpp~i ~nd in tM ~wtu aaid MORTGAGORS shsU fw ~ny ~eawn (all to ks~p tM aid prtmiies w .
inwrsd, w fatl b d~livK promptly ~ny of taid polici~s oi fnwr~np a s~id MORTGAGEE, w fail promptty to pay tully any prem~um tMrefa a in any
r~spat f~fl to, p~riam, d~schar~. ~xecut~, ~fi~ct, complel~, canply wi~h u+d abid~ by ~hi~ cov~nan~, w~ny put he~eoi. ++id MORTGAGEE may plau and
paY iw wcA insuranc~ or ~ny part iMrwt withoul w~ivGy w dfatinp any option. li~n, pu;ty, or ripfi~ u.~de~ a by virtw of ~his Mor~9+~. and ths
tull ~novet of each ~vKY a+d~ WY^»^t sh+ll b~ ~di~tdy dw and payabk and ~hall bear intaes~ lrom tlw dat~ theKOt until paid at tM r~t~ of
nir» pN c~ntum per aorwm'~nd to~ether with ~uch intere~~ tMl{ bt secw~d by tM~li~n o1 thii matpag~. •
To pKmit, aommU w svf1M no wast~, Mnpakenent or dNeria+lion of i~id prop~rtp or ~ny put thenof.
S. To pay all snd slnpular tM coaM, chup~s and ~xp~me~, inclvdirg a?eawn~bb attorn~y's fe~ ~nd wst~ of abstruts oT title. incvr.ad or p+id at .
•ny rim. by Wid MORTGAGEE, b.caus. or in fhe w.n~ of ~hs i.ilw. on ~M p+n of ~M i+id-N10RiGAGOR ro dulr, promp?Iy and f~lly p~.fwm, d~xMrq•,
execvt~~ ~ff~d, compl~t~, t!~+~ with snd ~bid~ bp ~ach and ~vay ~Ix stip~latioru, ayreM.~ents. cor?ditions, a~d cown+nn oi said promissory note and tha _
mortyap~ ~ny or ~ither. a~+d ~id costs, charpes and ~xpenses, each and ~very. sMll b~ imrnedialely dw ~nd pay~bk: whether w not ~her~ bs ratke ds ~
mand, ~ttempt to collatt or wit p~ndinp: and sM (ull .nwen~ of eash a~d e~e+y ++rch ar~++e~~ sh+u be•~ inter~st f~om ~hs date ~hereof until p~id at the
rare of nine p~r centum p~v arowm; u?d dl said cwts, chsrgef and expenses incw~sd w paid, topalher with such intersst, ~hall b~ ~ecured by Ih~ lie~ oi thu
r^o??9+Q~
6. Th~t in the ~wnf of ~ny br~ach of thb Maty~ or d~fwll on tlr part of the MORTGAGOR. or (b) in tM w~nl ~ny of s+~d tums of mon~y
herein nferred to b~ not promp?ly ~nd f~lly paid within Ihi~fy (30) days n~x1 after the sa~++e aeverally become due ~nd payable, w+~houf dem~nd a mtice,
or (c) i~ ihe ~wM each and ~very Ihe ttipvlations, ~re~m~nb, conditiom snd coven~nh of ~a~d prom~uory nou ~nd this mortga9s a~y a ehhe~ are e?o1
ivly, promptFy and fuliy pKfamed, d"~scharpe~d, ~x~cuted, ~ff~c~ed, compl~ted. complied with snd abided ~ay, tMn in either w sny such w~M tFw said ag
prey~b svm mu?tia?~d in said pomis~ory oot~ tMn r~maininp unpaid, with ints~tst ~ccrwd, and al! nqn~ys setwed hereby. shall bacomt dw ~nd psy-
sble forthwith, O~ fhQ~MftN, at th~ option of taid AhORTGAG6E, u(~Ily ~nd completely a~ if att of the said wms of money vircre agin~lly i~ipulated
to be paid oe wcfi day, a~ythiep in said promiuory not~ a in this Mat~ay~ to the contrary notwithsandiny; aod thereupon or thereafter ~t the op~~on of
said MORTGAGEE, witho~t notic~ ot d~mand, suil d I~w a in puity, thtrefae o? thete~ftei bequn, may be proxcuted u if all moneys secured heroby
?~ad matur~d p.iw to in iris~iwtion. , " .
7. Th+t in th~ avent th~t at th~ beyinninp of a at any tim~ pendinp any suit upon this Mwtg~ye, or M faxlos~ it, a to reiorm it, w to eniwu
paymem of any cl~ims he~eunder, s+id MORTGAGEE shall apply to tM Court having jw~sdKtan ~Fxreof for the appointmenl of a R~c~iva, wch Court sMll
fwtAwith ~ppoint a rectiw~ ot said matyaped prop~rty all ud sinp~lar. i~ciud,ng all and sin9vlar ths inoom~. Qrofiq. i»uts ond revenues fro~ whatever
souru d~rivtd, tath and tvs?y of whith, it b~inp ~xpressly underitood, is hercby mortgaged ai if ipec;fic~lly wt forth ~nd d~~cribed 1n ~h~ yrsntinq snd
hebendum dw~es hereof, and such Receiwr shall Mve all the broad and eifective func~wns +ad powers i~ anyw~ss e~trusted by a Covrt to ~ Receiver, and
•uch ~ppointmtnt shatl be matlt by wd~ Cowt u ~n ~dmitted eqviry a~d a matte+ of a~solute ~iyht to ~aid MORTGAGEE, ~nd whhovl nfsrence to tM
adequ~ty w irwd~quscy of ?he wlw of the propary mort9+yed or 1o ahe whency or iniolvency of said ~iGAGOR a the d~fendants, and ~hat wch
renrs, profifs, income, iuuss u~d rwenws ~I+all bs sppli~d by such Receiver accord~ny to tM {ien w eqvity of s~id MORTGAGEE ~nd ths practice of such
ca,n.
& To dufy, promptly ae~d fully perform, d'acha~, ex~cute, effact, eompkte, comply with snd ebide by e+ch and every tt~s sti~iaiiorn, syreernents,
conditions and oove+wnn in aaid promnsory nae ad tha matyay~ set forth.
9. That in tha event the ownenhip of tM mortgaped premise~, w ~ny part thereof, becomes vested in a persw~ other th~n the MORTGAGOR, th~
MORTGAGEE, iri wccesson and auipro, msy, wi~hout ra~ice to tM MORTGAOR, deal wi~h such wcceuor or successor in interest wi~h re(erence, to this
mortgp~ ~nd the debt M?eby ~acwed in tM s~ manner as with Mwt9aQa without in ~oy way vilialNg a disdurgi~g the Mortgsgors' liability hera
under a ~pon the debt hef~by s~cwed No ule of the premi~ hereby mortga~ed and no fwbearancs on ~he p~rt of ~M MOI~TGAGEE a i» waessors -
w auip~s aod no extension oi the time fa tM payment of tl+e deM hcrebp secured given by the MORTGAGEE or i» wcceswrs a aup% shatl operate
to rsleas~, distharp~, modify chanp~ a ~ffect ths oripu~al liabiliry of the MORTGAGOR Mrein, either in whole or in part.
10. It it spsc~fic~lly apre~d fh~t tims is of tM eswnce of this oor??r~ct and ~Mt no w~iver of any obliy~rion hereunde+ o~ ot th~ obligatioo se-
cured her~by sMll a~ any time thercafter b~ held to be ~ w~iva of tM ter+ns hereof or of tF~e instrumenl secured herby.
11. In addiYron to the fwego:ng monthly payments of princ"pal and interest required by Ihe prom~uory note secured hereby, mo:tgagor covenants
and ag~ees to pay ro mortgayee with each monthly payment an additional sum estimalcd by matyagee to be equal ~0 1; 12 of the annual cost of the follow-
ing:
A-All re~l property taxd kvied w sssessed ayainst the above desvibed resl estate.
b-Premivms o~ fiae and windstorm inwranoe as he?ein reqv'aed to be urried on the irnprovemenri situate on the above descrebed premises.
C-Premivms on wci~ mort9sge 9wranty insurance as r~wlg~pes thail from time to time deem fit ro cxry on the ban secured hereby.
' Mo.ty+9ee shall fiom tims to t~me notify mortgaQor in writinp of the amount dve +nd psyable hereunder and such wm shall thereupon be due and
payable on .the due date of the next monthly payment ~nd each wccessive momh tFKreafter until mortgsgee sliall not~fy matgago~ of s change in such
' amount. Such sums ahsll be ~pplied by mwl9ayee towa~d the payment of real property taxes, imu~ance prem.wns, and rtartgsge guaranty iosunnce
~ prcmiums. `
IN WITNESS WHEREOF, the aid MORTGAGOR has hercunto set his hand ~nd iesl tM da ud ye~r fint afwesaid.
~ Sipned, S~aled ~nd deliver~d ln tM pas~nct of: p
,n
tr-~t".L~. ~ 6E~ Ib1Tf~ ultT hn • Ti n ,4
Ct.E~K C~~~~ a in 1 1 q
'VL.L` - ~ = P.~FIED ~
. D
STATE OF FLORIOA ~~:G 1~ 'O 3g n~' ~
couNn oF St . Lucie 37~422 "
~f~ ~~~i~Y John S. Tierney III, a single adult a~
llf~~QO~, to me well known ~nd k~own to me to bs
the ind'nidwl dexribed in ~nd wia ex~cut~d tM for~poirg irntrument, ~nd adcnowledyed before me tMt ~hr execuud the sam~ fw tta purposes
rherein ~xpreswd. ~
YrxX~oQ~U~i~ ~6~~Fi~~~X~p~,1GRx
z~itd~t~le~yZafiZwitite?~fi~tZ~67~i~ife2Afa~70iiK~l~fi~~.iiR?~if.i~ei~f2Y.iX~Kri~~N'~.Ks?~G i~,iGiS.Tr~~Aiik
~i!lC~~[Yy1~i6ii~WE'~dj~i+~f~?iF~ ~f7r1[ZQQ~~f+'i~7~Yr9iYii~Yi~dF . •
WITNESS my Mnd ~nd official wal this ~~~i~ - day of Auaust ..p.,R ~J9.~- .
FJ.3~-'Q~~ -'?=~i.;d•,~ ~ ~
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rY ~ ~q 1.?Ys~7~ ~ ~ s
~
- Nots Public in end fw the Stat~.of
My Commission exPir~ Y,%: ~ f
$ Return ?a ~ ~ - ` ~ ?
Fitat Fede~sl Ssvin~s 3 loan As~ociatia~ Hp~y ~'K. Sla4t o) f{O~i~. j4~ L b~~.~ f
Of fort P~erte. ei QK. ~F~i g~' a:
Fort Pieru, f(orida (~Y ~.OR1RMSSE01~ ~xD~ .
~ t,r.:r_ c. .re.~..: . ~ ~ ?
_ l ~`~~L`a ' ;
' ~t~`•' `j ~
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This Instrument Prepared By Dor~ald B. Hughes ~ ~
First Federal Savings b Loan Association ~
of Fort Pierce ~
Fort Pierce, Florida 33450 ~
~
~.hecked By ~ p ~ ~j t
d00K~ r )t pIIGE 4~
;
, bP
_
~ - - _ - - . ~
- -LS ~ ~y.
_ ~ . ~ . ~ y . .