HomeMy WebLinkAbout0916 To plac~ w~d contim+ousb iusP on tM buiidi~ now a Mn+ftN u~w» or uid I~rwl and oe +1~ equ?pee~em ~~d pawnally covK~d bY ~hi~ aarp~
~q~, wifh ~11 pnmiwm thuwn p~~d ie futi, ftn in~wana in IM uswl ~a~dard policy (orm, fn • wm approwd by ~M lNORiGAGEE, u?d wind~~am
in~wanc. M M~. wwl a.ndard policy fam. In ~ wn~ •ppowd by ~h. MORiW?GEE, b wch company w c«np+nia a tM N?OaTGAGEE nwy
d'u~~ and ~11 1in and wlnds~oaa Maw~na PaicNS on a~y of Nid bVildinQt„ Y1y ifllffNl tlMrtin O~ p~A iM~fOI, In ttw pprepa~e wm afa~~d a
In ucaM tM?wf. ~Iwil conutn tla wwl uandMd marq+~ c1wN w wd~ alw cl«n~ ~s ~ M1aqa~ m+Y ~~4~+w• makinp ~Fr Iws vndM said pd}
cia. Nch and ~wry. WraW~ to a~W MORTGI?GEE a in k?hrest ~nay appw. ~nd ~atA ~nd •v~ry wth Pul~cy ~hali b~ pomptly ~a:pn~d ~nd d~livK~d ro
any Iwld by NW MWttGAGEE a furNw~ wa+r~M a s+ld matp+~ ddM. and, not !~a th~n t~n (10) day~ tn ~dv~~ of ~h~ ~xpir~ran of ~ach po~kY. to dr
liwr b ~aW MORTGAGEE a rs~ewal tMrwf. ~op~~Mr with ~ roaipl for 1M prtmlum ot wch ~~newal: and ~he~~ aMll b~ no f'a~ w wlndstam ieuw+na
plaad on aey of aW b~?ildinpy any imaat tM«in or put rlwnof, vnl~a in tM form u+d wi~h ~M 1ws payabl~ a~ ~ta~w~d: and tn tFw ~vtnt aey ~wn
fo
, of moMr bcoma p~Yabb wd~r wd~ polky w policbs uid JNORTGAGEE shaU h~w ~h~ op~ion to rectiw u+d apply tM Nme on account of IM Md~bted~
rqu s~eund Mnpy p w pwmit s~id MORTGAGORS 1o naiw u+d us~ M p a~y pan ~hereof lor onc~? pu~poses. w~~hour ~hereb~ waivinq w anpsir-
+~Y ~WH1?. ~i~n w rlpht w~d~r a by virlw d tlrs nwrtg~qet and h 1M ~wn1 wid MORTGAGORS ~II fa any nason faii to ks~p th~ s~id pr«nls~t w
~nsund. a f~il b deliwr promptly MY Of 1~W pOliCiN Of (MWMt~ f0 s+id J111nRTGAGEE. or fail promp~y ro pay fully ~ny pr~mium tha~fu a in any .
rtsp~d I~il b qrfan{, d'achupe. ~x~cut~, ~ff~ct. oompi~t~ aompty with ~nd ~bid~ by thi~ tovsnant, a any part Iwrwf, wid INL'RTGAGEE may placa and
pay fw weh kawae~ o~ Miy pan ti~aof withow waivirp or ~ff~etinp ~nr option, Ikn, pu~ry, a ripht undN a by vinw oF rhis Matyap~. ~~d the
full ~aoun~ of ~ad+ ~nd ~wry weh payenK?1 sh+ll b~ i+mxd'at~ly dw and p+yabl~ aod shall bea. intKe~~ from tM dat~ ~he~wf ~neil pa~d a~ th~ r~~~ oi
nin~ qr antum pM annum ~nd top~the~ witA wch intast ~had b~ i~cureJ by tM li~n oi thb mortpay~. ~
1. To pKm(~ ~om~it or wffp no wa~N. M~P+irm~nt w dNerioration of saW ptopsrtp w any part tMrwf. '
1,~
5. To p~y all ~nd stnpular tM coaM. clwryK ~nd ~xp~rw~, iocludlnp a naoeabb attor~+ey's foe and costs, of ~bs„ads oi ti~l~. incwred a p~M ai
•ny Hm~ by s~id MORTGAGEQ b~cwN a ln 1M ~wnt of 1M failun on ~l~s pMt of ~I~ said MORfGAGOR ro duly. prompry .nd fully p~rfarny d~schu~ r:
execw~. ~ffM. oon~pl~b. aanPM with aed ~bid~ by ~ad~ and war tM ~tip~tio~a. +o?e~^w^~s, condstions, ~rd cov~arus of said promiswry no~~ and dw ~
morryp~ any a eitlwr. and uid cos?s. d~u~s a~d expensn, tach and ~wry. shatl b~ inrnedi~t~ly due ~nd payabl~j wherM? a not ~he~~ be ~+o~iu ds
attempt to oolled o~ wit p~ndinyJ ~nd tM fvl~ amowN of ~ach and wKy wd+ p~Yma+t ~11 beu tmeret~ fran IM dat~ drreof vntil psid ~t the
rate o( nirN pfr tenf~m p~t wwml a~d al) Mkl oosts, thar~et and eapM?ses inwtred or p~id, ropetha w~~h such intsres~, sMll b~ sen+r~d by ~M Iwe of t!w
maty~p~. '
0. TMt in the ~v~nt of any brracfi of tNs Mat~~ or d~favlt on tFr pwt of tM MORTGAGOR. oi (b) in the w~r?t any of wid wms of moMy
herein nfened to b~ no~ promptly and fvly p~id within thi.ty (30) days next sfta tM sam~ sever~lly becane dw and payable. WItF10Y1 dt~lfiffil OI fl0tltf,
or tn Mw went ~ad~ and ~wry th~ stipulatia+~, aprNnwnta, oonditions ar~d coven+nn of s~id pranisso~y not* ~nd th~s mortpa~~ w+y a Nther a~e no1
. ~+~Y. R?anP?~Y +nd fulfy p~rform~d, disd+ary~d, ~xsa?bd, ~ffseted, comPl~t~d ~I~i~d with and ab+d~d 5~y, tMn h+ eHher or ~ny svch ~wnt. the said a~
pre9ate wn+ ma+tioned M said praniaory ~ote Men rea?sink+0 ~?np+W, with ine~rat accrusd. and all m~ons~s secur~d he~~by. sh~ll b~aoene dw and WY-
ab1~ iorthMritl~, p th~t~afte?, at th~ opYan of s~id MORTGAGEE. ~s fvlly ard compktely u if sll of the said wins of mon~y wero wipin+lly ~Npuia~ed
ro be paid on wch daY. +~+lrthirg in said promis~ory oot• w in this AI?o~q.y. ro rM connuy no~w~rM~andug: snd ther~vpa+ or thcreahar a~ th~ op~ion of
said MORiGAGEE, witho~t notie~ a d~marwl, suit ~t law or tn pvity. therafon or thereafte. bequn, maY be prosecuted as if sIl mornys s~cured hir~by
had manK.d pt'ar ro in iroriturion.
7. Tlwt in the ew~t that ~t tM b~innirg o1 ot ~t ~ny tarw pendin~ ~ny svit upon ti~a Mongsge, or ro faeclos~ It, a to refonn it, w to e~+fwo~
payment of any daina hMew+d~~, ssW MORTGAGEE shall spply ro the GouM havir,g jwisd~ion ~hereoi for ths ~ppo~ntment of a Receiver, such Co~rt s!»II
forthwith appoim ~ roaeiwr of s+id mortp~ed propa~ty dl and sirg~l~r, includup sll and sinyv:ar the income, profits, issua uid nveows from wlutever
souru dsriwd. each and ~very of whid~, it b~inp eapreuty understood, is hereby mwtgsged as if spec~ficaEy set fwth ~nd daaibed in tM prantinp ~nd _
hsbendwn clauses hereof. and wch Reaivtr shall haw ali ~he broad and eff~ctive fvnc~wns e~d powen in anyw~se emrwted by ~ CouN to ~ Rsoeiver, and .
~uch ~ppointment shstt be nWd~ by wch Court a a~ admitted eq~?ity and a mana of ~bsolute ri9ht ro said MQRIGAGEQ a~d wirhoyt refere~+ce ro tiw
sdeqv~cy a iMdequ~ of th~ wlu~ oi tM propsrty mortys~ed or to the sotvency a~nsolvency of wid MORTGAGOR a the eMfe+~dants, and that wch
renrs, profiti„ incane, iuu~s and r~wnws ~ll be applied by such Receiver aaording fo ths lien or puity of wid. MORTGAGEE snd the practic~ of s~xh
Court. .
& To duy, prompty ~nd fvly pNfwm, dxMrge, ex~cute, eff~ct, complete, compfy with and abids by e~ch ard every the atipulatiora, agreemenn,
condiYaro. and oovenant: in said p?vmaiory not~ and this mortyays. set fortF~.
9. TMt th~ went the ownership of the mortyaQed premises. or ae?y put thereof, becon+et wsted in • perwn other thsn the AIIORTGAGOR, the
MORTGAGEE, Its woossio~s and suigns, rn~y.. vvithow notice to tM NWRTG/?OR, dwl with ~uch waessa or successar in inh~es~ wi~h refererKe to this
mo?t9sy~ u~d the debl I+KSby sacwad in the sa~n~ m+rr~er +s with 11Aort~sgo~ without in any way vitiati~y p dixMrpiry tM Mort~agws' Ifability h~r~- ~
under a upon tM deM he~~by sawred. No wb of th~ premi~as hereby matyag~d and no forbearance a+ the part of tl+e N10RTGAGEE o~ its waes+on :
or auipro ~r?d ra ext~r?iwn of the tim~ for the p+ymsnt of. tl+~ debt hereby secwed bp the MORTGAGEE or iti sucos~sas or ~ss~ym, sh+ll opa+t~
ro release, dacMrpe, rt~fy tl~u~ps or aff~d tM wiyinal Iisbiliry of the MORTGAGOR he~eiry sither in whole w in p~rt.
10. It~ i~ speraflcs~ly apresd th~t time ii of ths essence of tha ca~tr~ct and ~h~t no waiver of any obl~gstion hereunckr a of th~ oblipation te-
cvred hu~by sh~ll at sny tirt» thtrsafbr bt held fo bs a w+iver of tM terms he~eof or of ths instrurnent setured herby. '
I1. In additan to the fweS~o:r+g monthly paymenri of princ:pal and imerest required by the p?om~ssory note secured hereby, mortgsgor covenants t
and ~grees to p+y to morty+gee w~th each monrMy payment an sdd~ransl sum est~mated by mortgsgee ro be cqwl to 1 J12 of the annual cost of the fdlow-
'n9c ~ .
A-All real property taxes kvied a a:sessed aysimt the above ~dex~ibed rt+l estate.
6-Rreii~iums on fire ~nd wi~+Jstorm a~wrsnoe as herein rcqu~red to be urried on the improveme++ts sitwte on the ~bove described premises.
C-Premiums on wch mortpsye Qwranry irruranoe u mortgagee si»8 from time w time deem fit to carry o~ the Iwn secured hereby.
Mwy+gee sMll. fran time to time notify mortgapor in writing of the amoum d~e and p~yablt hereunder and svch wm shall thereupon be due and
payable on the due date of the next mo~thly p~yment ~nd each s~ccessiw month the?cafte~ ur,til mortgsgee shall notify mortgagw of a chanpe in wch
~ amount. Such wms sh~ll be ~pplied by mortysyee fowud the p+y+nent of real propeny taxes, insurance prem:ums, and mort9age 9uaranty irowance
~ p~emiurm. -
; IN WITNESS WHEREOF, the said N10RTGAGOR has hsreuMO stt his hand u~d seal the day and fint foressid.
~ Sip~wd. Sal~d and deiiwr~d in th~ pr~enc~, of:
~
, - - Bobb B s - ~ ~
~ ~
~ 4o-l.f~....,c q
Marga t Burns ~ - `
STATE OF FLORIDA ~ ~ ±•••~u•~•.•'~~.~;
COUNTY Of SL . LUC1@ . ' j'%
Bobby Burns _ ~
e.Eon me pe~wo+~ly .pp..r.d - - : ~ ~ ' ' ; ; : _ s ~
Margaret Burns ha wi{e, to n,e n,d~ know~„RSd b,owi?~;`~~to~,_
the individwb duuibed in and who executed th~ fors~oirg instnxr~m, and ~d~nowledyed b~foro me tl+at thty e+cecutd thd~t~rni~iot tM putpoas:
rhereir~ exp?est~d. Md th~ wid Margaret Buans 'i.;•. -
' C •r .
Aobby Burns ~ ~ ; ~ r `
w;te of tfie s.id ' ,-yp~ i sap~.at. a~l'~r~
examination by me takan sepirats ~nd ~put from her said hvsband, +cknowkdyed eo and before ms that she e:aaited said f~ej~t~~ and~~Nn~
tarily ~nd withaA any ton?pulsion, tonstnim, +PPre~lw/nseoo. w f~M d or from her wid twsband. . '~/!'r~`~~
WIiNESS mY hand ~nd offici.) s.al fhi• ,~L{1 ~ ~y o{ Alagli5t ,~~~"'~;•lk~t1:~~9 77 ,
. #
' ~/f ~~J V[1. /IL.~j~t( ~ " .
_ [
Notsry vblic in and for the S att of Florida ~t larQ~ 4
Retwn To: My ~
F~rsr hder~l s.~t~s a~o.~? ws.oc~nr~a, NOTARY PilBUC, STATE dF FLORiDA AT LARGE
Of fort P7erte. Mj~~ ~q~ i .
Fort Pierce. Fbrida -
~ tT.
~~~E COYNTY FLA. -
ROCER POITR~S
This Instrument Prepared By R.B. Poindextor Ct.ERK C~RCUIT C41fRT
T''~ Pr vERsFIEO...~..._~1~
First Federal Savings b Loan Association
°f ~ P`e`~ Au~ 16 3 43 PM'T7. ~
C-ort Pierce, Florida 33450 .
cr,ecked ay ~ . a3
~~~~.9
~
- . ~ ~a BOOK PJU;E '+Z'~1,J ~ bp ~ .
s
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