HomeMy WebLinkAbout0581 To plact and con~in~ou~ly kHp on ~M build~rgs ~ww w MtNfiN ~i1Wt~ OP f~id ~nd Of1 ~II lquiprr~lnt ~nf~ pO~fOn~lly COVNlfI t?y ihi! rt~OlfQ~
sg~, with ell pr~mi~nu therea? paid i~ full, fir~ iniur~nc~ ~n tM vawl sandud policy fam, in a sum appov~d by ~M MORiGAGEE, ~nd winduorm
inw.~na in ~M uwal u~r~dard pol~cy fa+n, M a sum ~pp~ov~d by tl» MORTGAGEE. in such company a comp+ntes as tM MORiGAGEE m+y
diretl; ~nd dl Hn u?d wLdNOrrt? inwr~nte politi~s o~ a~y of iaid build~~pb +ny inqre~l tF~rein or pa~1 thueof, in IM aqyrpal~ svm ~fa~faid a
in ~xau thNwf, ih+ll cont~in tM vswl standud mo:t9p~t claua w ~uth othN clau~s as tM Mort9apa~ may rpuu~. maAirg tM los~ unds~ ~a~d po~i~
c~a~. ~ach ~nd ev~ryr. p~YSb1~ ro ~aid INORTGAGEE as ~n i~t~rest en~y +pp~+r. ~~d ~ach ~nd ~very ~uch po1Ky shsll b~ promptly ais:yned W+d d~livered to
•ny Mid by said MORIGAGEE as furthK secu.ity ~o uid mwtp+y~ dab6 +nd. r+a 1~» ~A+~ a^ ll~) d+YS in advanc~ oi tM ~xpi?~tioe? of Nch polrcy, to da
!~~N to said MORTGAGEE ~ ~Mew~l thsr~of, IopHFwr with • r~t~ipl fw tM p~emium of ~uth rsnswalt and ~her~ sMll be no fir~ w winds~wm ins~rant~
pl~c~d on ~ny of Nid buildinpa, ~ny inle~tsl 1Mrein w p+rt tMreof, u~less in the fam ~nd wi~h tM lou payabl~ ai eiacsaid: and in tM ~venl any sum
of nwn~y becom~s p~yable unda ~uch policy a polichs said MORTGAGEE ~MII Mw the option ro receive and spply rhe sar.w on +ccou~t ol tM i~bted-
nats setvr~d hsrsby w lo pKmit ~aid MORTGAGORS to ~tuiw snd us~ h w eny pa+t thereof fa otncr purposes. v.~~hout the•eu~ waiving or unpair• ,
in9 a~Y p~rity. IiM w right unde~ w by virtw of thia mWtpap~f +nd in tM ~ve+~t ~aid 1NORTGAGORS ~1?+II (or ~ny ruw~ fail 1o kNp tFw s+id pemisei so i
insured, p fail lo d~livN ptomptly any of faid policits of insw~nu to said MORTGAGEE,. w fail p~omptly to pay fully +ny premium the~elw a in ~ny „y,.
respect fail W p~r(wrn, discha~~, exac~te, ~ff~ct, compl~te, wmply with and abids by this tovanan~, a any psr~ hereof, said MORTGAGEE may pf+ce +nd
pay fa suCh iM~rant~ o~ ~ny p~rf thlreof witla~rt w~hrinp a ditctinp any optia4 IEen, pu~ty, a ri~M unda w by virtw of this Ma1ga~. and the '
f~ll ~mo~nt of esch ~nd ~w~y such paYmMt shall bs imn?ediatdy dw and.payable ~nd shall be+r inte~eit from ths date ~hereof ~ntil paid at the rate ol
nine pK cen~um pe~ ~~num ar+d to~etl+er with suth interet~ sMll bs tstvred by tM lien of this mott~aye.
` 1. To permit, canrnlt or wffN no w~t~. k~pairm~M o~ deterioration of said p~operty a any p+~t therwf. '
j S. To p+y atl u+d sinpula th~ cwb, cMr~s and sxp~nses, includinp a naia+abl~ attorney
s feQ ~nd costs of ~bstracts of title, incurrad w p~id at
any time by said MORTGAGEE, b~uuH or In ths ~v~nf of the f~ilw~ on tM part of tM uid MORTGAGOR to duly, promptly and f~lly psrfam, d~xhuge.
execut~. effect. canplet~. comph with u+d ~b~d~ by ~ach +~d ~wry tl+~ stipul~tia~s, agreemenq. conditions, and oownants of uid promiswry not~ and ~his
margpe ~ny w e~tha. ~nd ia~d costs, cMry~s and expenses. eacl+ and every, ihall be immed~+tely due +nd Wyabl~: wheiher a ~ot ~here be no~~ce da
mand. ~ttKnpt to colket or wit pendiny; ~nd ~M full amwmt of e~ch and every such paymem ahall bea. in~eres~ (rom ~he da~e ehereof unril p~~d +t the ,
~are of nu~e per ccntum per ~nnum; and all said costs, charpes ~nd expenses incvrred w Faid, toyether wi~h such imere~b shall b~ secured by the lien oi tFw .
mo~tp~. • ,
b. That in tM ~vsn1 of wryr breach of N~is Mortyay~ w defwlt on the part of ths MORTGAGOR, a(b) in tM evem ~ny of ss~d swns of money
herein referr~d to be no1 promptlr +nd fully p~id within thi~ty (30) dayi next afte~ the same severally become due and payable, withou~ dem+nd w notice~
or (c? in ths went eicA and every the stipul~fioes, ~grsemenri. conditions ~nd coven~~b of sa~d promissory ~+ote and fh~~ mortgage any w si~her an not
iuly, promptly and fully pKformed. d~xMr9ed, ~xecuted, efftcred. compl~ted. complied w~~h aod abided by. then in e~ther w any s~ch ewM tM asid +g
grrgab sum mentiaxd in ssid promissory not~ fhta rert~inirg unpaid. with intaaf atauad. snd all moeroys secvred hsrtby. shall beconw dut end pay- ~
ebie fathwith, or thereafter, at tl+e optan of said MORTGAGEE, ~s fully ind completety as if all of the said sums of nwr?ey we~e oripinally it~pulated
to ba psid oe~ wch day, +nythioy in said prom~ssory note w in this Matysge to tha contrary notwi~hsranding; and ~hereupon w thereafter s~ the option of
said MORTGAGEE, without notice a damsnd, wit at law or in aquity, therefwe w thereaiter begun, may be prosctuted as if all moneys setured hereby
hed matured prar ro ib institution.
7. Th~t in tM eve~+t thst at tM beginnirg of a ~t ~nr time pendirg anY :uit upon this Morrgage, or ro faeclose it, or to reform it, w to enforce
peyment of any cl~ims hereunder, ssid MORTGAGEE shall apply to tM Court 1?aving jurisdittion thereof ta the +ppo~ntment of • Receiver, such Coutt shall
forthwith appoi~t a receivK of said mortgx~ed property all s~d iirqul+?, i~clud~ng all ar+d singular the iruome, profits, issuts and revenues irom whateve~
source d~rived, each arid every of wh~th, it beirg ~xpreuly vnderstood, a hereby mortgsged as if sprcificslly stt forth and dewibed it~ the pranting and
habcndum c4uses hereof, snd such Receiver sMll Mve all the broad and efiecrive f~ncr~ons antJ powen in enywise entrwted_by a Covrt ro ~ Receiver, and ;
such appointment shsll be made by Wch Coutt ~s a~ ~dmitted eq~ity +nd s matter of absolu~e rigM to sa~id MORTGAGEE, and without reference to the '
edequscy or in~dequacy of the wlus of the properry mortgaged or to the solvency o~ insolvency oi aaid MORTGAGOR or the defenda~ts, and that such
rems, profits, income, iuues a~+d rewriws shall be ~pplied by suth Reteiver actwd~ng to Ihe lien or eqvity oi said MORTGAGEE and the practice of wch
Caun.
8. To duly, promptly snd f~lly psrform, discF?arge, execute, effect, complete, comply w~th snd ~bicie by each and every ths stipulations, agreements,
conditioro and covenanrs in said promiuory note and ~h~s mwtgsge sef forth.
9. Th~t in the tver+t the ownenhip of tM mwtyaped p~emises, or +nY Wrt thereof, becanes vesled in a pason otMr thsn the JNORTGAGOR, th~
MCRTGAGEE, Ns :uocessors snd +ssiyns, m+y, wi~hout nmice to the MORTGAOR, d~al w~ti~ ~vch successor or successor in imece:t w~rh refere~ce to this
mortgage and the debt hereby secured in the same manne~ with Mort9ayor witho~t i~ a~y way vitiating a distharging the Mo?tysgws' (iability hert
under w vpon the debt hereby secured. No sale of ths Fremises hereby mortyaged and ~o forbea.~r,ce on tM pat of the MORTGAGEE or in succes~ws
o{ assgro and no extension of the time fw ths payment of the debt hereby secured given by the MORTGAGEE or its successon a auigra, sMll oper~te - -
to release, discharye, modify cMnge or affect tFa originsl Ii~biGty of the MORTCaAGOR he?ein, eitF?er io whok or in part.
10. It is tpedficatly ayreed tlut time is of ths essence of this corttrad and that no wsiver of any obiigation hereu~ or of the obligsYan sa
cvred hereby sMll at any time thereaher be held to be a waiver of the tcrms he~eoi w of the instrument secured herby.
11. In add~ta~ to the faego:ng mw+thly psYments of princ:pal ~~d interest required by t}~e promiuory nore secvred hereby, mortgagor coven~nts
and agrees to pay to mottgsgee with eath monlhly psymtnt an addirion~l swn estimated by mottpapee to be equsl ro 1/12 of the annual cost of the follow- _
ing:
A-All real property tsxes levied w assessed against the above described real estate.
B-Premiums a~ fi~e and windstorm inwrance as hcrein requ~red to be carried on the improveme~ts sitvate on the above described premises. ;
, C-Premivms on such mongsge gwranty ins~rance as mutgsgee shall from t~me to time deem fit to carry on the loan secured hereby.
Mwtgagee :hall from time to time norify mwtgagor in wrifi~g of the amount duc and paysbk Fxreunder snd such sum shall thereupon be due and
Fayable on the due dete of tF?e next monthly p~ymeM and each successive month thereaiter until mortyagce shall notify mortgagor of a cMnge in wch
' amount. Suth sums sha~~ be applied by morigayee foward tfx payrn~M of real property taxes, iruurante prem;ums, and morfgage gw~anfy inwrar?te
i
premiumf.
IN WITNESS WHEREO~, tFK said MORTGAGOR h~s hereunto s~t his hand snd xal the day ~nd year first aforesaid.
SipMd. Seakd ud deliven the presence of:
~ f ~P AMO NEt~
~ i~. ~,11~~E COU~TY arl Se fer II
' aocEa PoiTR+?s' ~ •n
~ ~;,Fe~K CIRCUIS COURT'~ 4 ~
, ~r~~ ~E^iF~EO_..----- S ls~c' 4
S7ATE OF FLORIDA ~(U.T 3 IO '1~ AN ` _
St . Lucie ~J6i1
courm oF ~~3~~~9
e.r«. ~.«~uy .~.,?ea Carl S. Schater II .~a
J08D Ci • SC~1itel' - ~ wife, to me well known ~nd k~own to me to b~
rhe individwls described in ud who ~xecured tM fore~oirg instrurt~t, and acknowlydyed before me that they execvsed the ~ams fw ths pwposes
rr~.~~~ .xae..~d. Md th~ wid Joan G. 3chaier -
w;Ee of tM c~i s~b.r~ u {
exami~ation by me taken xpant~ snd ~part from her said Fwsband, adcrwwledged to end befwe rn~ that sfie executed said ifut~Mnf~~ ari~alolur~-
ta:ily aod wiflwut anY comPo~sion, constr~int. •
pprehamion, or feu of w from her said '~'+:tY
WITNESS my hsnd ~nd official teat this ~ day o~ Q. Y.~~
' . . ~.t .V . .
Y a.' 1
~ Nofary Public in fw the SfatO~ '~a d ls?~e'~, ~ -
~ My Commission ' a: = ~ ~ : ~ ~ ~ 1 + ~ '
~ Retwn Ta " c : ' ; . / Q ~ : ~ ; ~
Fint fadenl SavinQs a losn Association r •
~ Refary Pob.=c, State a~'~r'j~?~¢'d, _a;s~k~ ~~Fy ~ti~•`.
~ Of Forf Pierce. • • ~ ij • .
fo?t Pierce. Florida f+~~ L::~".~;.::~+: :X~n.~it3 ~.4'w~~+D3Y~1~ 11~
~Q I ..t~ ~ .:5..
~ y /Wdf+e ta a Gqrif ~t:.• _ -
Q~v
This Instrument P~epared By R~Ch81'd 8ayea I'~' °
First Federal Savings ~ loan Association
of Fort Pierce
Fort Pierce, Florida 33450 ~
~
Checked By a~~ ~ `~~+w
. ' , + +
~ ~ ~ - ~