HomeMy WebLinkAbout0890 ?o pt~a u~d cauiawusly kHp on tFw build~ nOw Or hf~Nf1N ~ihlaff O~' Nid 1~ ~tKJ On ~t{ equipMnf N~ p!?fOMlly COVNld by 1~?1f m0?~Q'
p~, with ~11 p~Nnium~ tM«on pald in fvll, iin i~uu~~nc~ in ~M ~n~+i ~tandud policy fwm. M~ sum ~ppro~.d b~ ~ht MORIGAGEE. and wi~torm• ~p
insw~nq in tM uiwl ~landud pol~cy fam, in i ~um ~pprov~d by Ih~ MORTGAGEE, in a?ch company o~ tompanit~ q 1M MORTGAGEE ~+?~y , ~ ;
d~r~ctr ~nd a!1 (u~ ~nd wind~~an~ inswano~ polici~i~ on u+y of ~id bUlldinQ~, My if1fNK1 tFNt0if1 M~~ IM!lOf, in ~M +py~ep~~~ wm ~la~said a
~n ~xpq IMrwf, ~MII cont~in ~M wwl sundud mo?~~apN clsuw or such alwr dw+. ~~M Ma~p.~.~ m~y rpva~. m~?Inp tM Iws und~r said poli~
ci~s. ~ad~ and ~vay. p+Yabl~ b wid AAORTGAGEE a iM inttrest m~y ~pp~ar. ~nd ~+ch u~d ~wry s~ch Policy ~hall b~ promptly ~u.9ned u+d d~liv~r~d fo
~ny !wW by s~id MORTGAGEE ~s furthK ~eaHity to said mwt~+~ d~W. aed, ao~ I~s+ than t~n p0) days in ~d~anu of tM ~xptr~~~on of ~ach policy. ro d~ •
IivN w s+id MORTGAGEE ~ r«+ewal tM~~of, top~tlwr with •~K~ipl ~p fFM prNniunl OI Wth r~MVralj and ~hen ah+ll b~ ~+o f'a~ w windsram Mwuncs .
plaud on any of said bvildieps. ~ey 1Me~~st tMnin or pan 1Fwnof, unka ie ~Fw form ~nd with ~M loss pay~bl~ u~fa~s~id; u~d in ~M went ~~y sum
of moMy b~com~s paYaW~ waM~ wch poUcy w po~~s aid MORTGAGEE sh~tl Mw ~M optan w roceiw +nd ~pplr tM sam~ on ~cccunt of d+~ h?d~bted~ .y ~
n~u sKw~d hM~by a to p~rmit said MORTG/1GORS to reotiw u+d uN h a any part thereof ta othcr purpo~e:. wiihovt the.eb~ waivinq a ~mpair- ~ i
irq any pvity. li~n at ~gh1 w~d~~ a by vi?tw of tha e?atp+py and in th~ ~we~ s+id MORTGAGORS sh+l{ fa a~ry ~~awn f~il to kNp tM ~+id W~mi~s +o
~nsund, q f~i~ to d~llvtr pranptly ~nY of said policies of insw~nu ro~aid MORTGAGEE, w(sil p.omptly to pay fully any prem~um ~hcr~fo~ « tn ~ny 1-
resp~ct fa{I w pKfam, discMrye. ~xecvt~, ~ff~ct, complet~, oomply wI~ a~d ~bid~ by this cown+nt, w+nY W+~ hK~of, said MORTGAGEE may plaa +nd y.
paY fw wch inwrant~ w anr part fMr~of withoul walvirg w aff~ctGp option, litn, puity. or ripht undN a by vl~tw of IF~is Matp~. ~nd the
full amo~nt of e~d~ and ~very wch paym~+?t sh+ll M 6wned'wro1~r dw and p~yabl~ aed sMll be~r leterest from tM dat~ tMnof unril p~id at ttw rat~ of
~~M pK eMtum pM aaewm and to~tF?N with wch int~r~st ihall b~ ucvred by th~ 1'ae of this mortpsp~.
To p~rmit. aomn~it or wffa oo waN. imP+irmem ot dehiaration ~ aW ptopKry w~ny p+rt tMreof.
5. To p~y all u+d sinpulu th~ cats, chary~s a+d ~xpaws, insludin~ a nason+bl~ attornay's fe~ ~nd cwts of ~bstracts of tltle. tncv~r~d or paW at
any tim~ by said MORTGAGEE, b~caus~ a in the ~vN?t of tM failw~ on tM parl of tht s~id MORTGAGOR ro duly. promptly and fully paform, d~schu~
e,ecut~. ~fhet. eortipb», aomply with u~d ~b~d~ by ~aeh ~nd nvry tM stipul~tions, prNrrants, conditiona, and oownanq of s~id promis~wy noq and tiw
morryap~ any or titlw~. ~nd w7d cosM, d?upes a~d ~xpen~. ~ach ~nd every. ~l+atl be immediaroly dw ~nd payaWe: whetMr w not ther~ bs ~?otice ds
mand, a»~n+pt W eolkct a wit pN?dnyt +nd tM fvtl amount of ~ach ~nd awry wth MYment ~hall bta lnterest f~om t!r date tlKr~of u~til p~k! at the ~
~are of nins p~r p~rum pa ~rrwm; ~nd aU said oost~, chu~ a~d e:pa?ses ~ncwred or paid. ~op~~hK wirh such i~tKest, sh~ll M s~cvr~d by tM Iwn of tha `
rr~xtpape. ~ ~
6. ifw~ (a) in ~th~ w~?t of a~ryr bnad~ of thia klwt9ap~ w def~utt on tM psn of tha MORTGAGOR. or (b) in tM event ~ny of N~d wms of mon~y
hereln nhn~d to b~ not p?omptly a~d fvlly p~id within thirty (30) days oext after the same stverally becomt dw ~nd p~yabM. witlw~~ dem~r?d w notitt. t
or (c) in th~ ~vent eath and ~very th~ tfipulatio~s, ~yrkrn~ntt, c~tam ar?d cwt~a~fs of said promiuwy not~ and this ewrtpape any w titl~ are nol
iuly, promptly and fvlly p~rfwmsd, d~xMrped. txecutsd, eff~cted, compl~ted, complied with and abided by, tMn un Nther or a~y such ~wnt tM s+id a~
preflar~ awn me++tiand M said promiswry not~ tl~en ran~ini^p unp+id, with infa~st acaued and all mor»ya secw~d I~a~by, ih+ll b~ao~N dw and P+ri
able forthwith, q tINfN~M, a! tM option of said MOR~GAGEE, a fully and completely ai it ~II o~ the wid wms of maay w~r~ apin~lly stiputated ~
to be paid on wch day, anythi~g in s++d WomissorY note w in this Mwtyaye ro tht tontrary notwithstsnding; and thereupon a thereaher ~t tM option of
said MORTGAGEE, withovt notiu or d~mand, suit ~t law ot in eqcrity, th~rafon or thereafter begun, m+y be proset~ted as If all mo~tyt s~cvred h~reby
had malund pior to ib instiWtion. t
7. ?h~t in ths svent tMt ~t the beginniny of or st ~ny tirn~ pend'ing ~ny suit upon tfiis Mwtgsge, or M fwsclo~e k, or to refonn tt, or fo enfo?o~ ~
payrnMt of any daims Mre~nder, wid MORTGACaEE shall apply to the Court havirg jurisdidion thereof fw the +ppoi~tment of ~ Receiver, wch Coun sh+ll
forthwfth ~ppoint a ncsiwr of s~id mat~ped prope~ty s~l ~nd sirgvlar. i~+clud~ng all and singular tM irKOrr~, profits, iuws ~nd r~venues from wl+~tever
souru daiwd. ~xh ~nd ~very of which, it beirrp ~zpressly ue?dentood. ia F+ereby mortgaged a if specifically set iorth and dewibad 1n th~ prantinp ar+d
habendum dsusa hereof, and wch Receiver sl»II Mve all the brosd arsd effecriw fvnct~oM and powers in anywise ~ntrusted by a Courl ro a Receivar, ~nd
such appointment shall be mad~ by wch Cowt n an admitted tquity ~nd a matter of absolute rigM to said MORTGAGEE, a~d wi~hout referenct to tM +
adcquaty w tn~d~qwty of th~ wlue of the property mortps9ed or to the sWvency or insolvency o( said MORTGAGOR a tM dtfendants, and tMt such .
renrs, profin, incane, issues u+d ~evenues ~h+ll b~ applied by such Receiver sccwdinp to the lie~ w equity of said MORTGAGEE and the practic~ of such ~
Coutt. i
a. To duly. r,..o~.y .~d fidy P..to.m. d'acha~ge. execute, effact, compkte, comply with ~~d abid~ by each end ev~ry the stipul~tions, ayreements,
conditaro and ooveMnb in said promissory note ~nd this matyage set forth. {
9. 7hat in t!u eveM the ownership of the mo~tgsped premises, a smr pan thereof, ~bec«nes vested in a person other than the MORTGAGOR, tM
MQRTGAGEE, iri successors u+d augns, msy, without notice to the MORTGAOR, deal with tuch wccessa or wccessw in iMCrest wi~h refcrence ro this
morl9pe u~d rhe debt hereby secwed in the same manner as with AAortgsgw without in any way viriaiug or discMrying the Mort9agors' li~bility htrr
under or vpon tM debt Mr~by secur~d. No s+le of the prcmises her~by matp~ged and no fabesrance on th~ part of the MORTGAGEE w its successon
o. augru and no ext~nsion of the time tor tM payment of the d~W hercby secvred yiven by the MORTGAGEE or its successors a assipns, shall opsrat~
ro relsas~, dad~u~, modify ch~np~ a affect the wiyind 1'isbil~ty of the MORTGAGOR twr~in, eitMr u? whole a in p~rt.
10. k h speciRcilly agreed tMt time is of the esxnc~ of tha contract and that no waiver of anr obliyatae hsn~x~der a of Ih~ obligation se-
cured h~r~by ~hsll at any tYn~ tl~safter b~ heW ro be a waiver of tM terms heteof w of th~ ir~strurtKnt ascured herby. -
11. In additan to fM forego:ng rr~or?thly psYments of princ'pal and interest requoed by fhe p?an'~saorY- oote secuted hereby, matgs~w covenanri
and agrees to psy to mo~tgsgee with each monrhly payment an ~dd~rional sum est~mated by mwt9agee to be eqwl to 1/12 of the annual cost of the fdlow-
ing:
A-AU ~eal property ta:es bvied o~ assessed a9ainst the above dcscribed real estata
B-Premiums on fiae a~d windstorm insurance as herein requ~red to be carried on the improvemenri situate on the above desvibed premises.
C-Premiwns on such +nwt9age 9uuanry inwrance ss mor~y+gee sh+tl frem time to rt~:~e deem fk to urry on tFw loan }ecw~d hereby.
Matg~gee shal) f~om teme to ~ime ratify mortg~gor in writing of the amount due and payabk hereunder ~nd s~ch wm shall tlxreupon be due and
payabl~ on th~ due dat~ of the next monthly paymeM and exh succestive rnonth thueafter until mwtysgee shsll notify mort9apw of s ch+npe in wd+
'F am~urtt. $ucb sums shal) be ~pplied by mwtg~gee ~owa.d the payment of ~eal ptopertY faxes, inwrsnce premEums, a~ mortgaye yuar~nty imursnu
premiums.
F IN WITNESS WHEREOF, the s~id MORTGAGOR has hereunto ~et his h~nd ~nd sesl the day ye fint id.
f
~ Sipasd, S.,I~d and d.tiwred. tn tM presence of:f1 A~ .
~ `T. ~~1~0{ ~Ai • as . St0 C 0
_ ~ n
~ ('t.ERK C1R,r,liiT CW ~
~ '
~~picif0~...~---•
_ ~ , ` Donna M. Sto n--~
„ ~
STATE OF flORIOA OCT ~ 3 os PM
~o~?~ ~ ~t _ t„~ ~ ~;3~62 ~ ~ - ~
e.fo.. me peno~slly .pp...ed Do~ug18$ J• Stout 4'.~.^.~ • 4,`y ,r,d t
DOUIl8 N. .~rdtlti ~ ~ •
his wife, to me wNl`k+w~1~°~ ~ to 1~{P b~
the Individwb descrik»d in u~d who ~xecuted tha forepoirg Latru~n«~t, r+d ~cknowledpad befw~ ms that they ex~utee~'~. j~e ~ip~e~ ~
rherein ~xprtst~d. Md tM wid D011Y18 K. .Stidllti = t- 5••,~!''~ . ~y
~Q~88 J ~iOllti ' ~ ~ T-
wife of tM said " i~k~l~ }~W~at~`an0 ~p?iwb
exam~nation by me taken ~ep~rsti and ap~rt from her s~id iwaband, adcnowleclged ro and befor~ me th~t she executed~tafd.li~ytr~rtwot~r~e{Y ~hd v~un~
ra~ily and witho~rt u~y compubion, cautraim, apprel~e+aan, w fear oF or from id - .•'r
WITNESS my hand arxl offitial seal thit day of -•~'•~•••~~.10~r .
. ~ ~
. • .:it~..
ry Public in for the Stat~ of F at larpt
' My Commiuan acpins: 'f ,
~ Rsturn 1a. , { - , .i:~ ;
~ fittt f~detal Savirps 3 Loan /usotiatan . _ : ~e~-s`4~
Of Fort Vierce. k's.j ~._e,-= ` k :
~~3 •
Fott Pierce, Fbrids ~ ?
~ .t i • :
~ ~
This Instrument Prepared By Joseph L. Watts . .
First Federal Savings b loan Assotiation
of fort Pierce
Fbrt Pierte, Florida 33450
Checked By -
~ ~ . , - . i
,
~ - ~ ~a~~75 "P~ 889 " -
.
. . _ _ - - -3~