HomeMy WebLinkAbout0589 To pl~c~ and con~in~o~~ly kep on th~ buildirqs now a ht~~aftN utu~q or s~id la~d and o~ alI equipmeM ~nd pa~or?ally covK~d by thi~ ma~ .
p~, wilh dl pr~mium~ thKwn paid in ful4 fin in~ur~nc~ in N» ~sual st~ndud policy lo~m, in • sum ~pprov~d by iM MORiGAGEE, and w~nduorm
~nsur~ In th~ uswl aand~rd po~~cy fam, 1n a sum ~pprov~d by ~M MORTGAGEE. in such company or compa~~es ~s tM MORTGAGEE may :
directj ~nd all fin and windswrm intwai+a policie~ on any of qid buildinps, ~ny Int~ro~t thH~l~ w part tMr~o1, in tM apyrepa~~ wrn afw~said w
In ~xan~ IMrwf. ~!?~II contain tM uswl standard mat~ap~ clavs~ a sucA aha daus~ ~s tM Mortyape~ rt?sy rp~"a~. makinp ~ht loa und~r u~d po1L
citi. wch ~nd ~wry. paY~bM b~aid MORTGAGEE a ip inN.eu may ~pp~ar, anei ~ach and ~very wch policy ~Mtl b~ promptly au:9ned a~d d~livH~d ~o
~ny MW by ~aW MORTGAGEE ~t fwth~r ~etwity ro s~id mwtp+y~ d~W. and, nW I~q ~Iwa ~~n p0) d+YS in adwoc~ o( tM ~ap'ua~an of uch policy. ro dr
I~ver to said lMORTGAGEE • renewal tMr~of, top~tMr with ~ reuipt fw tM pnenium of such renewalj and ther~ shafl b~ no fir~ o~ wind~twm iruur~nc~ .
pl~ad on any of iaid bvitdinps, ~ny intNHt tFN~Nn W p~~t th~rfOf, unlsss in IM fwm ~nd with tM loss p~yabl~ ai aforesaidt ~d in tM ~vtnl any ~um
of nwMy b~cornp pay~bt~ undtr wch policy a polici~s sald MORTGAGEE shall Mw ?ht option ro nceiw ~nd ~ppty tM same on account of the Mdebted-
n~u s~ax~d hK~by w b ps~mit Nid NWRTGAGORS to rKeiv~ and u~s It p any part thereof fw otFwr purposes, without ~hrrrb~ waiving a~mp~ir- r ~
iny ~ny equity, li~n a ripht w~d~r a bp virtw oi this mortypet ~~+d in th~ ~vem ~aid MORTGAGORS sh+l~ tor any r~ason fail to ks~p 1M ~+id pr~enise~ w 1.
insured, o? fail b d~liver promplly ~ny of said policies of insur~nce to said 1NORTGAGEE, a fail promptly to pay fvtly any premivm therefor or {n any f• ~
rsspM fail b p~rforen, discharge. ~xetut~, effett, comptet~, comply with ~nd ~bid~ by this tov~naM, p+ny parl haeof, ~aid MORTGAGEE m+y plac~ •nd
paY for such M+wru+c~ w any p~rt tMreof without waivirp a ~ff~ctinp a~y option. li~n. ~quity. a rght unda or by virtw of ~his Matys~, ~nd tht
f~ll amouet of each and ewry wch payms~t shall be immedi~tely due s~d pay~W~ u~d ~h+ll bsa~ i~ttrs~t from tM dat~ Ihaeof ~ntil p~id ~t tM ra~~ of '
n~ne pN csntum pN anrwm ~nd togather wifh such imaes~ shaU be secured by th~ lien of this mwtq+p~. ~
1. To pamit, oomnit or wff~r no wut~. imp~irment or d~terior~tion of s+id properry a arryr pat tMnof. ~ i
S. To pay all and ainpular th~ cwh. chupes u+d expen~es, includiry s re+so~abl~ attorney's fe~ and oous of absv+crs of tiNe. incwr~d w paid +t -
any time by said AAORTG/1GEE, b~cws~ w in ths ~vMt of the failur~ on tM pa?t of tM t~id MORTGAGOR to duly. promptly and fully per(am, d~xhug~
execut~. ~ffsd. oompie% comply with and ab~d~ by wd+ and every th~ itipulatioes, preements, condition~, and oownants of s~id promiuwy rwte and this '
mo~t9ap~ any pi sith0?. and sa~d costs, cMr9es and axpen~s, cach and ~wry. sMtl bs immediatety dw ~nd pay~bl~: whetMr a not tMre b~ i+otic~ dr ~
mand, ~tt~mpt to totkct w wit p~ndirgj and tM f~ll amo~nt of e+ch snd way wch p~yment sMll bea~ i~terost from tht dat~ tlxreof until paid ~1 tht
.aTe oi nine pe~ centum per am~um; ~nd all said cost~, char9es and axpenses incurred w paid, toge~hs~ with such i~tersst, shall bs s~tured by tM lien of tha
mort~p~,
6. That (a) in ths ~wnt of any brsach of this Mor~pa~e or defavl~ on th~ part of the MORiGAGOR, or (b) in 1M ~w~.t any of utd tumt of monty
- herein r~f~r~~d to b~ n01 promptly and fully paid within thirty (30) days next ~fter the same severally become d~~e and payabk, withoul d~nd a notice, ~
er (c) In tM tveM each ud ewry tl+~ i?ipulations, ~pr~emenq, conditions and coven~nts of_ srd promiuo?y note and thcs matps~e any a ~ithn ar~ no1 i
iuly, promptly ~nd fvlly p~~form~d, discha~ged, executed, effected, compkted, compl~ed wirh and sbided by, tMn in ~i~Mr a any such ~wnt tM s+id ap~
pre9~te wm m~ntaned In said promiuay nott then ~emaininp unpaid, with intaest acuued, and all mon~ya ~red hsrsby. sh~ll b~co.n~ dw and p+y- F
eble forlhwitl~, a tMrNfter, ~t tM option of said N10RTGAGEE, ai fully and comp(t~ely ai if ~II of the said wms of monty wer~ pginallr stipulated
to be paid on such daY. anytAi~p in sald promissory note or. in this Matyage to the comrary notwithstandin~; and therwpon w thereafts~ ~t the op~an of ~
said MORTGAGEE, wiN~ou! ~ice a dem~nd, suit at law or in equity,, therefae or M?ereafter begu~, may bt prosecuted u if all mon~y~ secv~~d hareby ;
had matwed ptior ro ib irotitutip~. '
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7. That in th~ went that at tM beginninp of or at any time pending any wit upon this Mwtgage, w ro fw«loa. i?, w to refam it, w to enforc~ x
paymmt of aMr daims heraunder, said MORTGAGEE sMll apply to the Cou?t havirg jurisd'edion thereof fa tM appanlma?t of ~ Receiver, wch Court sha11
forthwith appoint a receiwr of said morty~sd property all and singvlsr, inclt?d~~g all and singular ths income, profits, issws and nwnws from whateve~
wurce daived, eath and every of which, it btinp ~xpressly understood. is hereby mwt~aged ss if specifically sat fath and desuibed h th~ p~aminp and
habendwn d~uses hereof, u~d such Receiver shalf have all the Moad and efiective tvnct~a» snd power~ in anywise entrvsted by ~ Court to ~ Receive~, ~nd
wch appointment shall be m~d~ by wch Cowt as ~n admitted eqvity snd a mitter of absolute right to said MORTGAGEE, and without reference ro the
edequacy or in~dequ~cy of the v~lue oi tM popaty mortgayed or to the wtver~cy a insolvency of sa~d MORTGAGOR or the defendaMS, and that such ~
renn, profits, income, iss~es and rewnw~ shsll bs applied by such Receiver sccordinq to the lien a equity of said MORiGAGEE and the practic~ of svch
Court. ~
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& To duly, promptly ued fully perform, discMrge, execute, effect, compkte, comply with ~nd sbide by each and every the stipulations, syreemanb, ~
co~diY~ory and oovenarqa in said pramiuwy not~ and Ihis mo~t9~Qe ~t fwlh.
9. That in th~ rvent the ownenhip of rhe morfgaged prem~ses, o. aoy p.n thcreof, bccomes vested in a perwn orhe? than the INORTGAGOR, ths
MORTGAGEE, its wcceasors and aasi9~s, may, witFa~~ not~u to ths MORTGAOR, deal with such waessor or succeuor i~ interest with refere~ce to this
mortgayt ~nd the debt hereby setwed in the same manner p with Mortgagor without in ~ny way vitiatirg w discFiargirg the Mortyapon' lisbility herr
vnder w upon tM debt her~by sscvred. No sak of ths Fvemises he.eby matysged ~nd no fabearance on tM p+n of the MORTGAGEE a in suacssors
or essigro ~nd no extension of the time fot the payment of the debt hereby secured ~iven by the MORTGAGEE w i» succ~uors w suigns, shall opente
ro release, d'achuy~, modify chan9~ or ~ffect tF+e wiginsl liability of the 1NORTGAGOR herein, eithe? in whole w in put.
10. h is specifically agreed that time is of the esxnce of thh contrsct and that no waiver of any oblgetan hereu~der a of ths obli~stion se-
cured hartby sMll N~nr tirt~ thercaher b~ Mld to be • waiver of Ihe lerms hereof a of the irutrument secured htrby. ~
11. In add'ttion to the fwego:ng monthly payments of princ'pal and interest required by the prom~uory note secured hereby, mwtg~gor covenanri
and agrees to pay to mortgsgee with each monthly payment an addi~iona! sum~estimated by mortgagee to be equal to 1/12 of the annwl cost of the follow-
ing: ,
A-All rea) property tsxes kvied or assessed against the above described reat estate.
B-PrempHrn on fire and wi~dstwm i~wance as herein req~~red ro be carried an the improvemenri situate on the above described pterti~ses. '
C-Premiums on suth mortgsge guar~nty inwraote as mortgsgee shall from rime to time deem fit to c~rry on fhe 16an setured i~ercby. `
Mortgsgee shall from time to time notify mortg~gor in writing of the amouM due snd psyable hereunder snd such wm shall thereupon be due and ;
FayaSle on the dw dat~ of the ne:t monthly p~yo~ent end each succeuiw month thereafle~ urtil mort9sgee shall notify mortgsga of a charge in such
amount. Such sums shall be applied by mortgagee toward tF+e payment of real property tsxes, ins~rance prem:ums, and mortgage gwnnty inwrance
p'emiums.
; IN WITNE55 WHEREOF, the saidJNORTGAGOR has lxreunto kf his hand ud seal phe dsy and year fint ~foresaid.
~ Sipird, S~aled Md deliwred fF~t presence of: ~ f~~A`%~/+ _ 4
; ~ ~ ~~.G?ti~ '
E • ocEa totT~?S ~ Richard Dona2ds n
cRK CIRCWt~~i ~
~ , 'Cr 'j;~If {E~~r K therine Wng ~~n
STATE OF fIORIDA j• 3 10 3o aH' 1• ~
courm St. Lucie 3 ~
3~5ti~4~
Before m~ person~lly sppesred Riehard Donaldson
Katherine DOIl&ZdSOII his wife, to me well known and known to me to b~
the individwb described in and who ~xecuted tF~e fora~arp ir?:trument, ~nd ackrawledyed befwe m~ that M~ey executed the sams for tIN purpo~es
therein ~xpreised. /4id thR ••1d ~8th@1'~8 DOI181dson .
~,~re or rh. Richard Donaldson „p,,, ~m .~a p.n.~.
examinatioo by me tsken separate and apart from her said husbsnd, adcrwwfedped 1o and before rr» that she executed said 4atrvment frwly~and vokrn~
rarily and withart any compubion, constraint, apprehension, or fear of or from her said husband. - ~ ' s
WITNESS my hand and official seal this dsy of $@ t6D1beY' A. C: 19~ ~
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g No Public in and for th~-; it~ Q~,Florida d lirp~ .
~ My Commissan expires: . - . . 1 , _ .
Retvm Ta.
€ Fint f~sl Ss s b loan Aisociation n '
S Of Fort Plerce. A R4'•.ET~I ~u~~ ~~3t Q~,~''~ t°q~~1~•'^' '
~ Fort Pierte. Florida t~ f`,uu~:..:','r_., i.r~•`S ~
' ~qla 81 L+N~.s~: i~~ 's G~~lt Y
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This Instrument Prepared By RiChBrd Kayes '
F~rst Federal Savings & loan Association `t,
of Fort Pierce +
Fort Pie~ce, Florida 33450 ~
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Checked By ;
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