HomeMy WebLinkAbout0149 3. To pi~ and cauinuo~nly kHp on tM buil~N+ps now a hr~.fta sitwb or sa~d land ~i on ~II eqvipnsn~ and paso~~lly cowred by d+~f n?on~
p~, with dl pr~.-nivm~ tMrson pa~d in (u11, fk~ totwana ~n ~M wwi sundwd policy form, in a sv_m app~owd by ~M MOR(GAGEE, and windstwm
insur~na in tM wual iunda.d pol~cq fam, in • sum approv~d by MORTCAGEf. io wch con+pany w compa~u~s ~s th~ MORTGAGEE ~*+y
dindj and ~II tir~ and wind~tw~n Mawu~a poucin on +~Y of ~ad buiW~nps. ~nr b??er~s~ ~Mrein or p«t ~hHaol4 in ~M +pq~pa~~ wm 2fu~asid ot
i:~ ~:oeq N~er~oi. sMi) ront~in 1M wwl ~qr+drd ~nat~.pN ci+us~ or sucA alw~ dws~ as ~M Ma~p~ m+Y rcqua~. n++?inp ~M ~oss undw ad Poli~
cisa. ~ad~ a+d ~rary. WYable w ~aid MORTGAGEF a~q in?~rtst nwy ipp~ar. ~nd each and ew~1r u+d? Fcl~cy fhall p~omptly ats.p~sd and deiiv~red ~o
u+y Mid by ~aid N1(~tiGAGEE u furlha setwity to iaid mo~ap~ daW. ~~d. oot Itas ~ha~ tM (10) slays in ~dvance oi tM sx~,ir~tia+ oi each ~o~iqr. ro de-
liw~ b said MORTGAGEE s rMewal t1?Heof, top~th~r with a ~ece~pl fw ~he p~emiwn ol wch ~enewaij and ~her~ ~ha:l b~ ro f'ae a winditam insuranw ~
w
ol~:id on any of said b~itdinp~, u?y intu~st Nw~~ a px~ ~M~eof, unlcs~ i~ ~h~ fu~m and w:~h tM k~ss payabM u aiwesa~dr +~+d in ~Fw wsM My wm r~
of morNy becoen~i payable w~ such policy u polici~s said MORTGAvEE shalt Mw ~M op?an ro rec~i~ and spply rhe sams on ~ccoum ot t3» ind~bted~ y
n~ss s~cvrad hK~bp o~ ro permif sobd A10RTGAGC'RS to receire and use it or ~ny pa~f ths~eof lor atnc~ pur,.,oirs, vf~'houl thareui waivi,~ or vnpa~~- ,
irq +w~y p~ity, li~n or ripM widt~ p bY virtw of this most~a~s +~d ir? tM tvem s~~d MORTGAG(!KS shsli fw ~ny r~swn fait b ke+p ~M ~aid pr~mises se
i~sured, a f~') b deliva pomptly any of said politiq of &~suranc~ so siid 1NORTGAGEE, o~ fail promptly to pay futty ~ny premivm therefp a in anY
resp~d fail b pNfwm, dischuge, ~atcv~~, ~Ifed, twnpkte, oomply with ud ~bide by this covenan~, o~ any par~ hereof, said MORTGAGEE may plate aau
PuU famow?t of sach aod ~w~y wch pa,
y~menwishall b~ ~ry ed'wtely dw
and pty~ab, ~+nd shaU Vbea inter9est from ~ho dat~y~hereoifu~'
il paidta~ht~etol .
nins pK r~se~tum p~? ~nnum u+d 1ogelher with such inte.est ~h~li be secured by th~ 1'~a? of thii ~wrt9a~e.
1. To pami~, ca~n»t w wffa no wut~, fmpairment w deteia~at:.an o! ssid property a any p+n thereof. a°~
S. To pay all and sinpular th~ cats, charp~s ar.d exps~sas. inch+d•.np + ~easa++k,k +uc+^eY
s fee and coats oi ~bslrscts of title, incurred w p+id at ~
e~y th~e by ~aid MORTGAGEE, lsecwss a in the ewnt of the failw~ on tM part of tAe said MORTG.IGOR w duly, p~omptly ~r+d fuliy psrfwm, dwch+rg~.
execw~ effed. oomPkq, canply with snd ~bid~ by ~aa? and every the stipula~~o~a. apreeme^?s, conditions. ~nd cownanes o( said pomissory not~ and ~his
rort4a~ any w eithe?. snd ~a~d cosn„ d~arpes and e:psnxs, each a~d ev~ry, dwll bs imn,edutely due and payable: whether w not the~~ be no~~ce dr
mand, attrmpi w coliect w wit pa~dingj and th~ f~ll amount of exh +nd wKy wch pay~:+en~ shall bear inte~es~ iran ~hs dafe ~hereof until p~.id ~t th~
rate of ~ina per centum pa a~rw~; and all said tosts, c.iuges and expenses ~ncwred w paid, together w~th urth iNerest, shall be secvred by Ihe lien of this
+eiorf~aQw .
6. TtKt in th~ event of any aresch of this Mwtyap~ os d~fault on t}r part of ~he MORTGAGOR a(b) in tM event ~oy of s~~d svms of momy
hersin refereed to bs not promptly and (u1tY p~id witF.in thirty (3pl days ne~ct after the same u+erall~ becane d~e and µayab~e, wi~hout demand a notice.
or (cj in the eveat each and evsry the stipulatio% ~greements, conditions and covenants o! sa:d promisswy note a~d th~s mutga9e any or eithe? are ool
i~uty, prompNy ard fully performed. d'~schxped. executed, effened. ca+ipteted. compl~ed w~rb and ab~ded Sy. then in e~~he+ or ~ny svch event ~M said a~
yregatt :um mamia+ed in s~id promisso?y not~ then rema~n;~y unpaid, with imqe~t xvved. artd att mor~eys secured hereby. sMl! becant dw and p+y~
able :wthwith, or thereshe~, at the optian of said MORiGAGEE, u fully arr! compk~dy as ii all of the sa~al wms of mwxy were «g~+u~ly u~pula~ed
ro be paid on wch day, anything in sa:d promiuory nofe or in fha M1o~tgage ~o the contrsry rarw~thstanding: and ~he*eupon or the~eaite? a~ the option of
said MORTvAGEE, without notice or demand, wit at law w in eq~iry, therefore or fhe+eai~er begun, may be prosecuted as if all moneys seu?red hereby
had matured prwr ro its institutan. _ -
7. That in the event :~~t at the beginn+ng of or ~t any time pe~ding any suit upo~ this Mortgsgs, a to fweclose it, or to reform H, or to enfwcs
payrnMt oi sny ctaims here~oder, said MORTGAGEE sh~ll spply ro the Ca,rt having jurisdKtio~ lhereof fw the appo~ntmem of a Recc~ver, :uch Court shall
Forthwith appoint a rcceive~ of said mwtgaged property all a~d sinqula~, includ~ng all and singulu the inct,me profits, issues and rever~es irom whatever
source darived, each and every of which, it beinp expressty untkrs~ood, is hrreby mortgaged as if specifically sef fwth and desaibed in ~he yranting and
habendwn clauses hereof, and such Receirer shall Mve all tM broad and efiective tunct~ons and powen in anywise entrwted by s Court ta + Receive., and
such appointment shall br mads by wch Cowt u an admitred equity and ~ maner of absoiute rght to s~id 1NORTGAGEE, ana withaA raference ro ttie
adequ~ty or iMdequaty ot the v~lue of the property mortgs9ed a to the so~vency d ins~lvency o( uid MORTGAGOR c~ the defer~d+nri, and that suth
renrs, profits, income, iu~es u~d ~evenues sh~ll bs appl~ed by wch Receiver according to the I'Kn or equity of said M~RTGAGEE and ~he prxtice of such
Gourt.
8. To dvly. ~ranpHy snd f~lly perfwm, discFwrge, execnre, ef(ect, complete, comply wi~h and sbide by each and every the._stipulatans, agree:r~enb,
conditwra ~.d cove~snn 7n said promissory'~ote snd th~s moAgage sN forth.
9. That in the event the oMrtrcrship of the mortgaged prsmises, o~ any part thereof, becomes rested in a perscn othr than the MORTGAGOR, tM
h10RTGAGEE, itt sucuuors and ~ssigns, may, without no:ice ro the MORTGAOR, deal with such wccessor a successor in internt w:th rcference to this
mo~tga9e and the dcb~ hereby setured in the same manner as with Mwtgagor witFaut in u?y way vitiating ot d~xharging the AAortgagws liability he~a
urder p ~pd~ the debt hereby secwed No sale of the Fremius herrby mortgaged and no fwbcarance on ti?e put oF the ?AORTGAGE~ w its successon
~r asigns and no eatansion af rhe time fw the paymcnt cf the deb~ hereby secured given by the NK~QTG"..:EE w in su~cessors or auigro, ahail operate
te re!er_e, d~scharpe, modify chu?ge x affect the wiginal Gab;l~ty of the MORTGAGOR herein, elther in whole or i~ put.
10. It is specificatly ag~e~d that time is of the essence of fhis contract and that no waiver of a~y obt:~at~on herevndec w of the obligation sr
cured heteby shal! ai any tirt~e thertaha be held to be ~ waiver of the terms hereot or of fhe instrumeot setured herby.
11. Ip add'etion to the fuego:og rponthly pannems of princ'pal and iaterest required by ~fie prom~ssory nete secured hzreby, mortgagor coveoants
and agrees to pay ro mortgagee with exh monthly payraent an add~~anal svm estimated by moctgsgce fo be eq~al 10 1/IY of the annual cost of ti~e fdbw-
~~g=
A-All real property taxes kvied o~ asseased against *he above desa~?xd real estate.
B-Premivms on fire and windstoan inwrar:te as here%n requ;red to be urried on the improveme,h sitvatr on the above described premixs.
~ C-Premi:,ms on such mwtgage g•,wranty insuraoce as mutgagre shaU frar. f~rne te fime c~rm fit to carry o~ the loan sec~red hereby.
AlastgsgeE shall from time to time not~fy morfgagor in writing of the smount due an~ payable hereunder a~d~svc4~ sum sF~all therevpo~ be due ar.d
~ payable on the due date of thr ~eat monthiy payment and each succes}ivg month there~(e_r ur,til mortgagce ahill not~fy mortgagor of a charge in yxh
I amounL Such wms sF.all be apptied by mortgagee toward the payment of real property taxes, ..-nwance p?em.~ms, and mortgage gua~anty iiuu~ante
~ premiumt. .
IN WITNE55 WHERfOF, the said MORTGAGilR has hereunto set his hand snd xal tF~e day and year first aforesaid.
5gned, Sesled and delivered in the presence of: ~ ~
. rene . ~ onra , s Yigle ~ult
~
- 245 c~.#~ ~ so~~ ,~..~n
vrRtitfO '
~
NV~'O ~V ~/~T .;l.li~is.t~i~j..
STATE OF fiORIDA r,, r i ~~r -
. ~
~ouNnroF_ St. Lucie , ~ ss'
~ Irene C. C~nrad, a s i le ad~i:
Before :ne penawlly sppeared •
_ ~ .
A'i~Tii~. b me aw~ll :k~r`ef and Tq ` a be
rhe ind'nidwb desulbed in and who executed the foregoirg instrument, and ecicnowledged before me that 3~~,,~~ ?be ;~s fo~ ~ii~wposes .
~ ~ • . . ~ ,
therein expresfed. ~ ' • i- ~
WITNESS my hsnd and oificial seal thia 1~f:h da~y of ~~t1i~~~,A D. 19~..1_
I~tW~ry bl"K in snd for the State of FloriSla d Lsr~e _
'ttqfl -tl[pYp; -
~ Rchxn To:
First Ftdera! Sarirys a loan Association
O( Fat P~erce- S~ d~~ '
. i
For1 Pierce. Fbrida ' ~ ~ ~ t~
~ ~~io~s~~ ~ ~ c..r~
~ ~~M r
This Instrument P~epared By RiCk T96t9 j '
First Federal Savings b Loan Association ~
of Fort Pierce
Fort Pierce, Florida 33450
s)"~ ~ ~
Checiced BY - dOQKf.? / /
~ i -
~ • • . . ~ ~P