HomeMy WebLinkAbout0870 To pl+a and oor+tFnuaisly kNp on tt» bulld~np~ now w I~~~afi~? ~itwt~ or ~aid I~nd ~nd on ~11 equipn~m ~nd pawn+lly oownd by ~Ab mor~
p., with ~II prNniwes th~.wn p~id in fuli, (in inwwnc~ in tM ~iwl Nu,dud pol~cy iam.~ in a sum app~ov~d by ~M AAORiGAGEE. ~nd windtrora
~+,wr.oa b ti» wwl ~~arwisrd PolicY tam, in ~ wm approv~d by r!k MORTGJIGEE, u+ wch con+p~~y a compan~a a Nn MORTGJ?GEE a~
d~~~ctj ~nd ail ik~ and w+r~brm i~swana policw~ dn ~ny bi Hi/I buiMinp{, ~ny i~fil~bt tFN~fir1 Ot pift iF1H~01. in apq.ep~h w~ ~fa~said a
tn ~xcew thaiof. ~Fwll cont~in tM uwal s~M+dard nw~~qape~ claw~ a wch alw~ d.uss a rh~ MortpapM may ~puw~, m+kinp t?r ioa~ wKlu s«d po~ : f
cie~. ~atl~ uN! •wry. WraW~ a wid MORTGAGEE as i» intp~si eraY ~PP~w. and tatl~ and ~wry ~uth poli~y ~h+U M prarnptly asti:pMd ~nd d~liv~nd a+. ~
•ny h~ld by ~akl lKORTGAGEE as fwthw ka~rity to uid monp~ d~W, and, ~wt Ip~ th~n qn l10) d+1n (n ~dr+oa of tM ~zpir~tion of sah polic~. to d~- '
I~v~r to ~id Ai10RiGAC,EE ~ nnewal Nvuof. top~~hu wirh • nc~~pt fo. tM pr~miwn of wch ~awwalj and thK~ shall ~ no fw~ or w&~a~w i~w~wna
pl~nd on of u~d bWld~+p~. ~ny M~aa1 tMnin a pwt ~hsrwt. unl~as in ~h~ fwm and with tM lou Wvabb u aiwaaidi aid in tM ~v«a ~r wrw~`- ~
of nwn~y b~ca~ payabN w?dK wd+ polky or poiic(y saW MORTGAGEE sMll haw eM option to nuiw u~d ~ppy tM sam~ on ~ooovnt d Nr indN~ "i
~»u s~cw~d Mr~by a w pwmU a~id MORTGAGORS to rec~iv~ ~nd vN it a~oy part thareof fa o~he. purposes, w;~houf thr.ao~ wsivirq u anpaia
?~+y .~,y quity, li~n a ripht ueKlw oi b~? virtw ot tF?is mottpap~J and in IM ~van Nid MORTGAGORS ~twll fa~ ~ny ~s+wn f~il to kKp th~ s+id pnr+~a~a so i~,~ .
ins~rsd, or fail b d~liver promptly any oi said polici~s oi lnwr~+a ro said MORTGAGEE. w fait promptly to pay fulty aeql pr~miwn tl+u~fp or in anr ~ '
re~pect fail w psrfonn. di~ch~rp~, ~x~cut~. ~H~ct. compl~t~. oomP~Y with ~nd ~bid~ by this oown+ot. a~ny part Mrwf, aid MORTGAGfE enaY P~~ ~ e
wY fa wd+ IeNwanc~ a~ny p~rt th~nof wirhou~ w~tvinp a~fhctlrp +nY optfa+. ~le~, ~VW~Y, a rlpht w+da w by virtw of this Maq+p~. and ~As
f~ll amoun~ of ..eA .nd w..y wd? paym.m sha11 b. unn+.dut.y dw .nd p+y~W. aed ah.n b.a. tneK.a hom ~h. d.~ ~h.r.of umH p~id a th~ w~ af
nins pK cuitvm p~r annwn and toqetiwr wiM svch in~erast sMll b~ acwad by tFr tiM of thts mapa~e. ~ ,
1. To pKmtt. aam~N a wffK no wat~. GeWi~mlAt O? dfflfqf~ti011 Of iiid ptOpNfp O/ Nly pMt tMr~Of.
S. To p+y ~It a~+d si~qul~r tM ooat~„ chsrpa and ~zpsnse~, inc{udinp a as~oo~We attorrnys fe~ ~nd cwt~ of ~batwqs of tNM. iocwnd w Wid at ~
•ny tim~ by wW MORTOAGEE, b~tous~ or in th~ ~vant of 1M failur~ on tFN p~ti of tM s~id IIAORTG/1GOR to duly. pomptly ~nd fullr p~rfo?m, dyc)?rrot ~
execut~. ~ffw. oomPk~~. ~PN witb M+d ~bid~ by ~ad? aod ~wry ti» stiPut+tio~a. ~~e~n~on. c~cndFtiora. ~nd oown~np oi ia+d pomissory ~noa and dws
rrw~rQ+D~ ~nY w~itMr, and sa~d eosM, charpss a+d ~xpaues. ~ach ard wuy, sh.n b. ~,ed~•e.h dw and ar.bt.: wMther or ow tM.~ be ea~ d?
m•nd. str~mpt to edMet a wit pa+d'uipt u~d th~ full w~wue?t of ~ach snd ~very weh payeneM shalt be~. inrK~st from ~M d~u tMnof unt~ paid a~ ~F~e
raro oi nim pK centum per annurns ar~ all ~atd aw», cMrpea and axp~nsts incwt~d or psid, top~thu with svch IntK~st, ~MII b~ s~cwd by th~ li~n of thit
mortyap~.
6. 11ut ie ih~ ave~t of any bn~ch of tlws Mort~p~ or d~fwtt on th~ paM of th~ MORiGAGOR. a(b) in tM w~nt ~ny of ~id wnr of n~o~rep
he~~in r~f~rr~d to b~ aot ptomptly ~nd futly paki wirhln thirty (3p) dayi .wxt ahsr fM sarr~ wwrally b~cane dw ~nd p~ysbf~, witMw d~+rd a waioe.
or (c? in the wMt sad? and ~very tM stipu4tions, agnamsr?ts, ~tioes and eov~n~nn of sa~d promisswy oa~ and tMs morq~ye any a~ ae~ wa~
iuly, P~~PNY +~+d ~h~ P~a~d. di~cAH~ad. ~x~a,r.d. ~Nect~d. comp{st~ eomP~wd wirh aod ab~dsd by. th~n in ~ithe? w any wch sv~ro dr s~id a~
p?epah awn n~ntionad in s~id promisso~y not~ tMn ransieirg unpiid, with intK~s1 accrwd, and atl mo~»ys ~swr~d I~~by. sh~tl b~eonN dw aed p~~
able forthwith, or tMr~+Aa, ~t ~he option of said MORTGAGEE, u fully snd comptetely ~s if all of tM aid wms of aarrr we~e oripuwtt~r seiputNed
to be paid o~ wcA d~y. +nythi^p h+ said prom;asay note a in this Mostpaps to tM contruy notwiths~u~di~+p: and thaeupo~ a thereaha. af M+~ opt~on of
said MORTG/1GEE, wiMout notic~ a dern~d, wit at law a in pwTy. thK~for~ w thereafter bsyun, en~y bs prwecuted as if all mo~t~rs s~cw~d h~r~
had rn~tut~d priw fo its inttitvtion.
7. Th~t in tM we~t that at tM beyinnug of or at ~ny time pe~rd'ug any wit upwi this Mo~rtpags, p to faeclos~ N, a~ fo refonn it, or to adore~
paymem of any d~ims hereunder, Nid MORTGA6EE sh~ll appty to ths Court Mving jwisdKia~ ~hereof fw tM appantma?t of ~ Receiver. wd~ Court shitl
Forthwith sppoint a receiva of ~aid mwtp+y~d property dl and ~inpular, indud~np all snd singulsr ~M inoonw. prof~ts, isswa ~nd ~wenws from whaterer `
wurca d~riwd. ~ad~ and ~very of wfiicly H beinp ~xp~essy „nders~ood, is Mnby mortqa~ed a if speaficaly ~et tath ~d d~w~bed in tl+t ~antinp and
habendwn davses hereof. ~nd wch Reuiver shall haw all tM broad and eff~ctive f~~ct~orK and powerti in ~nywise ~ntrusfed b~r ~ Cowt to a Receivsr, and
s~eh appoietm~nt shall be made by wcA Cowt at an adrnitted s~rity and a?n~tter of absolut~ rght to said MORTGACaEE, and without nfem~oe to th~ ,
adeq~~cy or inadeqwcy of th~ value of the property morty~y~d o~ to the sohre~cy a insolvency ot s~id MORTGAGOR w the d~fendam~, a+d that wd+
renrs, profi», tncome, i~soes and rewnues sfwll be applied by wch Rsc~iver acoordinp w tM lie~ or puity of aaid MORTGAGEE and the pactios d wcl~
CouA.
s. To dvly. PromPty ud fulb P~?fwm. dach+ry~, execute, effecf, aomplete. complY with and ~bid~ by Nd? +nd ~very the aip~?lat~ ap~e~,
conditaru and coveiunn in s~id ptomiswry not~ and tha maty~ ~t fortlL
9. 1Mt i~ th~ fvent t1M own~nhip d the mortgped premi~es. a sny part thereof, becomes ve~ted in ~ pnaon othe? tMn th~ MORiGA('aOR, dy e
M,ORTGAGEE, its suconaon and suians, may, without notice to ~M MORTGAOR, deal wirh ivch suaessor or wccessw in interssf wi~h refarenoe w fh's ?
mor~9~ye and tM debt hs~ebp sec~r~d in th~ sam~ marwxr aa with Mortyagw without in any way vitiat'wg a disch+rginy th~ llAorty~yors' Iiabi&tp hn~ ~
under a ~?pon tl~s debt her~by secwed. No iale of the premisea F~ereby mwt9ayed and no fabeuenoe on Ih~ put of tM MORiGAGEE or its tuoaeswes t
or au7yrq srK! no extenston of the time fo~ the payment of the debt herebjr secured 9iven by the MORiCaAGEE or iri suca~ssws a assipns, ti1wU op~rab
ro rsleas~. d~scl~r~. mod'fy dwge a affect 1M orginat fi~bility of ths MORTGAGOR haein, eitha In whoN or fn part. ,
i0. It is spacifiullr aproad rlut time h o! the essencr of th,'s cor~tr~ct uid rh~t no waiw~ of any obliqa~ion henwdar a of Nr obt'qnion sr
cvred h~r~by shaN at ath? time thereahar b~ held to b~ ~ wafwr d thi te~mi Aereof a of the instrvment aaw~d herby.
11. In addtion 1o the fareyo:ng monthly p3ymenb of priet:p~l and'inte~e~f nquu~d by tfie prweisaory no~e aecured hNeby, mat9ayor oovaryMs
an,~ agra~s ro pay to morqspes with esch ma~tMy payment an addlrib~a! suin estims~ed by mon0ap~e to b~ eqwl a 1~12 d~he arwwal mq of the idbw-
i~: ' !
A-All ~eal property taxes kvied a assessed agairut the above described ~eal estate.
B-Premivms oei fjre and windflprm u?wrance as herein req~~red to be carried on the improv~me~ts sifuate on the above desc~ibed pre~.
C-Pramiunis on wch mat9sge 9wranry iraunnce u mortgagee shall lror,e t'ane to fime deem fit fo urry on 1he lo~n secured hereby.
Mortyapee si~all from t~me to time notify mortgagw in wr;t~ng of tha smount dve and psysbl~ hereunder and such sum shall N+ersupon be due and
payable on dte dve d+ts of the next monthlY PaYmsnt aod` each wcasasive motith .there~flsr unNl mortga~se shat( rrotify mohpapor d a.cfiwg~ in wcb
amount. Such tums shaH be ~pplied by mortgaQes towa~d the paymen! of rea) properry t~xes, inwr~nce premtums, and mortpaye yuuan~ inwru~oe
premiums, `
I WHEREOF, s~id MORiGAGOR has herev~to s~t hb Mnd snd sesl the day u~d year fint id. '
S~ab ~ ed tn the preseoc~s oh
.
~ Sandra I._ i~ii11 a
sTAre oF aortta~? ~ -
courmr oF - St. Lucf~e ~
e.Eo.. n» p..wr~uy app...ea _ ?ho~a3 F. Mi11_!3
aad
Semdrs I.. Ki11is ht, M,;~., w n,. ,~vsu kno~vn ,~d t~wwn ~o a b.
the ind'nfdwb dytrib~d in ~rd who ~xstut~d th~ for~poirp irotr~u+r~n,~,.+?t, and *atkiwttwt~~ b~fon tn~ that Mhr exsw~~d ths wn~ for die pury~oNs
fhere&1 fRpflfsed. Md fIN Nid ~ ~7o(ldr8 L• wJ.L1iJ3 "
W~re of ,h. ,.b Tho~as F. il~illis ,,~,.?.+..~a p.~+?a.
examin~ti0e by rM fakan s~par~fi and ap~rt frOm 1Nr Nid fWlb~nd, ~Irr~owldpsd b and befw! iM th~t ahs sXStufed faid inafrutrMrM fr~ 11pi11~
tarily ~nd witif0uf anY wmpulsion. COnsh~iM, iPPreharqionI.~ ftat Of Or from hM f~ ,e:;:ti'~~>t.~„-
WITNESS nry hand and officid s~al t~+s• Y ~y ~
~ !~1lQ~l EV DEb. ^ .-r -~i.a.
:T.L11~r1~ GVV~fIA. ~ry P~?blk in ud for th~ Stsh ol Y,' •al Lar~ .
ROGER PO1fRAS ~ ~ ~ . ~_2~
R~tum Ta. CIERK CIRCUI? COUaT ..G, r~~ .
Fint f~deral Ssvin~s i losn Asaocialid~ "3~ Yf QfF1ED ' State of ~lo:ida at 1~' r'
Of Fort Pierce. 7 r ; - _
v~n~. F,o.;~. Q~T ~ 3 06 PM _ 1A~ Com~i:~~on E:~:res ~~G 8, ~480F' ~ o•. .
-
1~ =p As~wt,. a c...~ln Ge~+iML R~~„
3~~Q652 ! ' :
This tnstrument Prepared By R. 8. Poindezter
F+rst Federal Savings b Loen Assotiation
of Fort Pierce
Fort Pierce, Florida 33450
Checked By n' . _ .
; ,
. ` ~°e~o~c2~ n~E
~ - ' .`:t' _
~ . ,