HomeMy WebLinkAbout0027 To pl~c~ ~eid contGwiovsiy kNp on tM build~eqs now a M?eaf~N ~twt~ or iaid t~nd and on alt pvipmero snd pawn+lly covKed by thia mat~
p~. witk ~II praniwns ~hN~on paid in 1u11, fih in~wu?c~ in iiw wvN ~~s~dud policy twm, i~ ~ wm approv~d by tl» MORiGAGFE. u~d winds~am
in~w~nq Ir? th~ wwl ~~andnd policy fan~, i~ • sum approv~d by rh~ MORTGAGEE, in wch company o~ compan~~s u tM MORTGAGEE m~y
d~r~ct~ ~nd all ik~ u?d wind~tonn M~w~na policia on ~ny of ~a~d bu~td~~+p~, ~ny inter~~~ tFwreio or pan thereol, in ~F+~ ap~re9+~~ w~n ~for~~sid a
In ~xaq thK~of, sMU contaln tM vtwl standa~d mor!Qap~~ d:u~ a iud? aMr tlaus~ tM Ma~9ayN m~y requu~. makinp tM bu ur?~ sa~d pol~' ~
c~. ~ad~ and ~vKY. P+Y+bI~ ro said MORTGAGEE ~s ~h inqrat msy ~pp~ar, and exh and ~very •~ch Po~Kr st+,n b* P.a,+p~ir au.~~.d .od d.u~K.d ~o .
~ny Mld by satd MpRiGJ?GEE a funh.. s.cwi~y ro Nid mo.~pap. d.W. and. na I.ss ~k.n r.n (10) days ~n +d~•nc• of ~M •xpira,~on o1 ~ach policy, ro dr ~
liver fo aid MORTGAGEE ~ ree~wal th~rwf, top~tMr witA a nuipt fa the p~~mivm oi such ~enewalj and ther~ shall b~ ~o fir~ a wiredi~orm insuranu
pt~c~d on ~ny of wid buildinps. ~ny intK~t1 ther~in w p~rl thKtoi, uolsu i~ tM torm and w;th tM loss payabt~ as afa~seid~ and in tM ~wn1 any sum
of morNy becwn~~ payaW~ ur~ wch polky a pol;cles sa;d MORTGAGEE ~Aall haw ~M opeip, to ~eceive and apply tln ~arm a+ accovnt ol tM ind~bted~ ~
n~ss s~cvr~d h~?~by or b pwmit wid MORTGAGORS to ~wiw and uk It o? any put thereef fo. ori~e. pu~posri, w~iho~~ tha.tb~ waivi~~g or ~mpair-
'^fl +~Y eWh1r. li~n a~ipht ur~ or by virtw o1 Ihls mortyaqfr Md 1n ti+~ ~wnr qid MORTGAGORS ihal) fw ~ny ~~ason iall to ke~p tM said prxe+isa w
Imund, a fdl b dellvt~ promptly any of ssW policNa of inswanu to iaid MORTGAGEE. w f~il promp~ly 1o pay fully ~ny p+emium therefa a in any
r~~pect fail b per(an~, dixharq~, execut~. ~ff~ct, compl~t~. oomply with and ~b+d~ by this covenan~, a any parr hereof, s~Fd MORTGAGEf may place and ~ '
S~Y ~a wd~ lrowancr or u~y p~rt tMreoi withovt waivirg or aff~tti~g ~~y optia~, litn. aquity. w~iyM under w by virtw o( thii Nbrtqa~. and tha i
full amount of tach snd ewry such paynw+?t shall b~ irnrtwdi~hly dw ~nd p~yabt~ and shall bcar inte~est from tM dats the?eof unNl p~id at tia rale oi '
n~ne pK ca~tum p~t ~nnum ~nd to~ether wiM wch inr~.eat ohall b~ secured by ~Fw lifn oi th;a mo.tpap~. . s
1. To PK+~4 aomedt o~ wfEN no wa~rt~, h~iimsnt w deterlw~tion of said property or any part thsreof.
S. To p+y all ~nd ~i~qubr th~ ~ata, charp~s a++d ~xp«u~s, includag • r~sson~ble attorn~y's fee and costs of ~bstr~cts of ti~le, i~curred or p~id at
any tima br said MORTGAGEE, b~cavw w in tM ~waf of th~ failun on tM pan of ths sad MORTGAGOR ro duly, ~kompHy ~nd futiy perform, d:schar~,
ezecut~, effecr. oompleN, tomply with and abid~ by tath and ~wry tM stipula~ion~, ~preemenb„ conditionb ~nd cowt~nts of said promiuory no~s and ~his
mort~ap~ any ar ~itf~. and yaid tost; d?uyy and ~zpsnses, ~tch ~nd wery, ihall be immediately dve and payable: whether w not tF?er~ b~ notite d~
mand, Nt~mpt to totlect or wit pMd'a~p3 +od dw fvlt ernwm of each ~nd svay wch payme~t shall bear inrere~~ from ths dafs thereof untll p~id at 11+e
rate of nin~ per cent~rm pe~ uuwm; ~nd all said cosb, chuyts ae~d ~xp~nses incvrred or psid. togelher w~th such intersst, shall be tecured by th~ 1'~en of tbif
mort~ayw
6- Th+t in tM ewnt of any br~ad~ of tl~is Mortype or def~utt on tM part of the MORTGAGOR, cr (b) i~ t!w event any of s~id iv.n~ of nwn~y
herein nf~rr~d to be not p~omptly and fuly p~id wi~Nn thirty (3p) days next afte+ the same severally become due and p~yable. without demand o? notke,
or (c) in tM ~wM eath ~nd ~wry tF?~ stipulations, ayt~nu. conditions and coven+nts of sa~d praniuory note snd th~s mat9spe any a either ~tt no1
iulY, promptly ~nd fvlN p~form~d, discFwr9ed, exscvted, eft~ded, completed, complied wi~h and abided by, then in ~ither w any wch ~wnt tM ~sid a¢
preg~tt wm mentioned in s~id p~pniupy not~ tbM ran~iynp unpaid, with im~rsst ~cuued. ~nd all nwneys secured hereby. shill beoan~ du~ ar+d pay-
able forthwith, or theresfter, at the option of said N{ORTGAGfE, as futly and complerely as if all of rf?e sa~d wms of mo~ey were aginally sfipuls~cd
to be p~id oe wch day, anythinq in sa;d prom;uory rwte w In this Matyaye to the controry notwithstanding; and thereupon w thereaitar ~t the option of
said MpRTGAGEE, withoW notiq w dana~d, tvN at law or in ~quity, thereFora w therea(rer be9un, may be prosecvted as if sli moneys secwed hareby
had matwed prior to ib imtFlutip~.
7. That in th~ event th~t ~t the beginnirg of w st any tim~ pcnding any suit upon thn Mortgage, or to fo~eclose it, w to refwm it, a to ee~forc~
payment of ury daims he?eunder, s~id MpRTGAGEE sMll apply to the Couri havinp jurisdk~ion thercoi (or the appointment of a Receiver, wch Court shatl
forrhvvith appoinf a receiver of taid mortpayed p~ppe?ty aA ard sinyulp. Lfdvd~og aIl and singvlar 1hs intome. profits, Issues and rev~nves fran whatevrr
wurp d~rived. each a~d every of which, it beinQ expreuly u~da~itood, is hereby morrgaged u if specif;~ally set fonh snd de~cribed in the ~antirq and
habend~Hn clauses hereof, ~nd ~uch Reuirar sh+ll have •tl the brwd and eHecrive iuncr~ons and powcn in eayw'rse entrusted by a Cowt to a Racalwr, and
such 8P~f1tIf1O(~1 lFIiII b! Rfii~f ~ iYCI1 ~pyf~ q M idfTltfld lyYliY a11f~ a rtyttlf of absoture righf to said MORTGAGEE, and without reference to the
adeq~scy a in~deqwcy of tFa valu~ of tl+e p?operty mw~gayed or to the ioivency or ;nsolvency of sa7d MORTGAGOR o~ the defendann, and that such
renrs, profin. 'urcame, istves and r~venws shs11 b~ appl;ed by such Receiver according to the lie.~ or equi~y of said NIbRTGAGEE and the practice of such
C.ouA.
& To duly, promptly snd fu11y psrform, discharye, execute, effect, complete, comply with and abide by each and ~very the stipulations, a9reemenq,
cw~dkiorp and oover~a in said prpniuory iwrs ar~d this mortyapt ut fath.
9. 7?~at in ttu eveat ths ownenhip of tM mort9+0~ P~~s, a sny part therwf, becomes vested in.• per~on whx tMi? the MORTGAGOR, tl+e ~
MORtGAGEE. its wcoeuon ~nd ~si~yns, msy, without notic~ to tM lM1pRTGAOR, desl with svch svccsssw, or sulceuor in imerest with refaenc~ ro tha
morfgaye ~nd ths debt hereby secwed in the same manner as wifh Mwtgagor w7tlaut in any way vitfatiny u d~schuging the Mw~Qagors' liability her~-
unde? or upon the debt hereby secured. N~p sak of the premise~ h~reby matgsged and no fwbeawnce on thR part of the MORTGAGEE w its suttesson
or auigns and no extension of the time for the p~yment of the debt haeby sccured yiven by the MORTGAGEE or its wccessors or auig% shall operat~
~o ieleas~, discFurp~, modify c~Nnye•or ~ffect ths aiginal liability of ths MORTGAGOR here'm, either in whok or in part.
10. It b specifically agreed that time a of 1M esxnc~ of this contr~ct end th~t no wsiver of •ny obl~gatqn hereunder or oi the obiiy~tion se-
cured har~by ahall at aoy time thereafl~r be held to be a waivsr of the terms hereof w of the instrwnem secvred herby.
11. In add~tion to the faegoi~g monthty payments of princ'paI and tnterest rcq~ired by the prom;ssory note secured hereby, mortg~gor covenanls
and agrees to pay to matgs9ee with each rtw~thly payment an add~rional wm est7mated by mortgagee to be equal to 1 f 12 of the annual cost of tF~e follow-
ing:
A-All real pr~perty taxes kvird or assessed against the above deuribed real estate.
8-Premiumi on fite s~d windstorm inwrance as herein requ;red to be ur~ied on tFx improveme~» ~ituate on the sbove desc?ibed premises,
~--~rem~ums on wch morigage gwranty insunr~ce ss mortgagee shall from rime to t~me deem fit to urry on the Ioan secured hcieby. ;
Mortgagee shal~ from time to time ratify mortgagor in writing of the amount due and psyable he~evnde~ and such sum shall therecrpon be dve arid
payabk on the due date of the next montf?IY paymsnt snd each suocessive month theresher until mortgagee shall norify mortgagor of • chanye ie such
amount. Such sums shslt be applied by mortgagee toward the payment of real property h:es, insurance prem:ums, and mortgage ~wranty irnurance
n
premiurt~s.
IN WtTNE55 1NH£REOF, the qid AAORTGAGOQ has hereunro set his hand and seal the ye int foresaid.
Sipr~, 5 ~led and delivered in the presa of: ~
J ~s'" •n t
. s _ ~ ;
- ~ ~ ;
L e ° aao
S ~ TE Of PLORIDA ~
counmr oF st. I.uCie ss-
e.f°'. ~r: y~ylh,'~"••d John F. Lsteb~re ~
e . e ~re
ha wife, to me well known and know~ to me to be
the ind' executed ths forepoinp instrurMrn, and scknowtk~dyeJ~ before me that thay executed the same fo? tf+e P~~Poses
therein ~ipr>fe~{•,~id tiN ~N~- % ~d d• ~tev~i-v
w~fe of_ qit~ } Joha F~ YAtOb71'+0 opan a separate snd pr~v~ti
examin~ ~r w~ ,f~1~n ~p4~;~ ~ y~ ~~d to a~d before rt» thst ihe executed ssid instrument fre~ly and volur~
rarilY apdw?q~eyt •i1n1!~ ~P~~O!~. ~+i+atraint, apQr~l~KiOn. Of f!a? Of OI frOn~ h!~ aaid husband.
Nf1TNESS ~ lyuid ~f oTfiQ~~sul +h:: ~~iE.~(l ~y A. 0. 14 7?
,ri~, - .
- ~ . ~{QQfii.
~y~~MoI~ ~~~j~Q 0 Q~~- V ~J(!R~ .Qyt ~ r
. • y ' . n-7 `,t ~,.`W~E VQV1~T~~.
t'~~<< _ Not~ry blic in u+d for the ate of Florid~ at lar
~ ••rr,::•~+~' ~ ROCER POITRAS My C„nn,;,,;on „cp;,es; :
~ ~ T~ c~~gK ~~acu r cauaT `
fint Fed~?si Sa~;nps 8 twn I?ssoc;at;en aF!"~~ tt vCRlFfE~ NQTpAY PUBUC, STATE 0~ FLORtDA AT LARGE f
of Fo.+ P~.t~. MY COMMISSION D(PIRES AUG. i2~ 1981 ~
F~`"'• SEP I8 2 46 'ON~oTMft01QM"`~oa~ro+~wa :
t
3~165
This Instrument Prepared By R3ehat~d B. H~sa
First Federat Savings b Loan Association
of Fort,.Pierce
Fort Pierce, Florida 33450
Checked BY ---~T,
.
, ~ eooRk~l5t_ P,~ z7 ~