HomeMy WebLinkAbout0329 3. TO pba M~d contin~ously tNp on tM build~~+p~ ~+ow a l~~af1K utv~N or ~~id IMd ~nd on ~11 ec~vipreKnt ~nd p~*W~a11y oOV~r~d by Ihi~ ~naq~
p~ with ~11 p«nirnr thr~on pa~d in futl, fu~ iiuur~nc~ in ~M u•w~ a•nd..d po~Ky fam, 1n ~ wn+ •pp.o~•d b~ tM AAORiGAGEE. ~~+d w~?a~n
in~w~na M tM wwl ~?W+d~rd potK1? fwna In ~~um ~pprowd Sy ~M MORtGAGEE. in wcA ca~p+nv a c«npan~ w tM MORTGAGEE ~Y
dind~ ~nd sH fin ~nd w~arn~ ~nswaea oolK~ a+ ~ny of w~d buwWMpa wnr ~nti.„+ d+K~ia a pan tMrwl, in ~M app.pa~ wm da~wld a
In ~aN 1Mr~of. ~lull oont~in 1M ~nu+l su~dard matppN ciws~ p wch whu cl~uw p tM 11AorTpapN m~Y rpua~, mak4q rl» 1ws w+dM w~d PaF
clM. NcA M+d ~wrY. WY~bI~ a wid MORTGAGEE n in int~rat m~y ~pp~w. ~nd NcA ~nd ~w~y ~ucA poi;cy ~h~11 b~ p~anptly ~u.pn~d ~ d~liv~d ~e
•ny h~ld by aid MORTCsAGEE M fw?ha a~cwUy ro uid ma~pp~ d~bt. and, not Itw ~h+n an li0) d~ys in ~dyanc~ oi ~A~ •xpi.aian of ~ach policy, b dr ~
Iiwr b Nfd MORTGAGEE ~ ni»wd tMr~of, wp~~h~? w~~A a ~~ce:pt fo. tM p~Nn~wn of ~uch r~w~lj u~d ~h~r~ ~Aall b~ ea f'u~ w wind~ta~n inaw~nu''
pt~pd p~ sny of Nld bviWfnp~. ~ny In»rHt Nwr~in or pat tM~~of, w+l~s~ In tM fotT ~nd wilA tM lots p~y~bt~ u~for~Nidj and in th~ ~wnt ~nr ~wn'
af nqnry b~oon~ pa~aW~ wd~ wch polky a policlN ~aid MORTGAGEE ~MII Mw ~M opr~on w nceiv~ and ~pply tM aams on +cceun~ d~M M~bt~d.
nw Ncw~d AK~y p 1p pum{t uid MORTGAGORS to nt~iv~ ~ed uN N w+ny pa~1 thaeof fa orhrr pu~pos~~, w~~hou1 the~so/ w~ivinp a~mp~ir-
Inp ~ny p~ity. IMn a riph~ u~ w by virtw of this matpap~t ud in ~M ~wnt ~aid MORTGAGORS ~hall fw ~ny naaon f~il )o k~tp tM Nid pr~mi~ w
InWt~d, Or lafl t0 d~livM pranptly ~ny o1 ~aid politi~f of iMUr~rK~ to sa~d MORTGAGEE, w fail promplly lo pay fully any ~~mium tM~~fo~ p in any
~«paf fdl b p~onn, di~cAa?p~. ~x~cvr~, sN~cf. co~np~~f~. canp~Y wi~h ~nd ~Wd~ by thi~ cov~nan~. a•ny pa,r Mr~o(, aid MORTGAGEE m~y pl~c~ •nd
p~Y (pt uKh InMK~nc~ o~ ~ pNt tMnof witAoul w~hrinp w aff~ct&q ~ny oplion. li~n. pv~ry, w rqht und~r o~ by vlr~w of 1hi~ Mort9p~. ~~+d tM
full MsowN oi Nch ad wNy such paynw~?t ~MII b~ iennwdi~Nly dw u+d p~y~bN ~nd ~hall bt+r i~tNat from ~h~ dah tMrwf un~fl p~W ~t Nn raN ot
nln~ ~ c«?1wn pa «wwm and ~ope~M. wi~h ~uch inr~.~p ~ha11 b~ s~cund by tM liw? 01 dw n+orrpap~.
I. To pumil. oaen~M w wffv no wut~. tmpairmem a. d~r•r~or•rion of .aid prooe.ry w•n~ p.h rl+aeof.
S. To p~y dl ~nd ~fnpulr tM eous. eM~y~s ~nd ~ap~nwti ~neludirq a na~bb ~tean~y'• fe~ ae+d eosra of ~b~n~ets of Nfl~. ineun~d a p+~d ~t
~ny tM» b~r wid MORTGAGEE, b~c~us~ a tn rM ~venr of ~M failw~ o++ ~M pu~ of ~M ad 1NORTGAGOR ro duly, promprty a~d f~lly p~rfwm~, d~uMrpR
~x~a~N, ~ff~et. oompleN, eomply wAh ~nd ~Eid~ by ~ach +ed we~r tM stipvlatiom„ prMm~nts, ca~dition~, ~nd cown~nn of s~id paniswry eWe wd thit
~ort~ a?y w~itMr. a+d wid ooan. d+arqM and ~ap~n~. ~ach ~nd way: sMll b~ immedi~t~ly dw ~++d pay~bq: wM~M. a ra1 tMr~ b~ ratio~ d~ ~
w~~tNn,p~ te tollKy er ~uM p«,dirqj ~d ths full anau~~ of ~ach u+d rw~y wcA p~yn+~m ~Mtl b~~. intN~u fran ~M dat~ tMrwt uMil p~id tM
I~M Of 11IfM PN CMt1M1 QM MM7Tj ~nd a!1 said coan, charpe~ and ~xpenwi incurr~d a pa7d, top~tl»~ w~th wcA tm~rNt. ~II b~ Ncw~d by tM li~n of thy
~q~
b. 'llwt in th~ ~wM of ~ny br~aeh of thi~ Mortpp~ w d~iwlt a? tl+~ pan ot the MORTGAGOR, or (b) in tl+~ ~wnt ~nr of s~~d ~wns of nwe~y
I+Ketn nfKnd w M not pranptly ~nd }ully paid wi~hin th~~ty (~0) day~ rwx~ ~frH tl+e ~«n~ a~Y~rd1y b~com~ dw and pay~bb. wi~Awi~ d~nd w no~ia.
o~ (rJ In th~ ~wM ~tA ~+d ~v~ry tM stipularfo~u, ~yrNmN+t~. coneHioro ~nd cow~»~n of s~~d p.anisw?Y noq ~nd M~s matpp~ ~ny a ~iM~ a~~ na
luN, prpnpty ard fully p~rfomwd, di~clwrped. ~aecut~d, effecfed. compt~t~d. complNd w~th •nd ~b~ded ~y. tMn in aither w any such ~w~+t IM s~~d ~
W~WN wn? n+~ntiard in Nid promis~wY no~~ then .wnaininp unp~id, wirh im~.~i1 acvued. u~d •H moneys sKVred F~rtby. -ah+11 ban~N dw wd Wy~
~bb Iorthwlth, p tMfNItN, ~t tM opt~on of uid MORTGAGEE, a~ ivlly and canpt~t~ly if •11 of rh~ s~~d wnu of morwy w~~~ orqin~lly tt~pul~ud
b b~ p+;d pn ~~ch daY, a~ylhinp in s~id pran~uwy ~ot~ o. in this Mwr~pe to fM tonlr~ry no~wi~h~~~ndinp; ~nd therwpon w ther~~hN a~ tM op~an of
s~~d MORTGAGEE, witho~t notic~ or d~m~nd, wit at law a in pvity, tllt~tlM~ Ot 1INtNItM bepun, may b~ proaecufed p if ~11 ma+~ys wcw~d Mr~by
h+d nrfw~d prior to in tn~titvtion.
7. ihN in fh~ w~nf tMt at tF+~ bpinn~n~ of or ~t ~ny tim~ p~ndinp ~ny wit vpon tha Mortpp~, a ro for~cloN N, or fo ntorn~ It, o~ fo ~nfao~
p~ynMM of a~y d~iem Mrwnd~r. Nid MORTGAGEE ~MI! •ppty ro ~M Cour+ Mvi~+p w?~sd~cri«+ +her.of fw ~M appo~mm.m of • Rec~ivN, wch Cou~t aha{I
(o~M~wNh ppoint • np1vM pf sald n~ortpp~d property all ~nd ~irgut~r, includ~rq dl ~nd unpr{~t••1M intom~. pofits, bsws ~nd tw~r~u~s frpn wh~t~vN
~ourp dair~d. ~ad~ ~nd ~wry of whrch, if b~irq ~xp~~uly undauood. if I+K~by n+wr9sged ~s if ~psc;fic~Ily s~t forth ~~d dNUib~d b th~ p+~ntinp and
h~bredwn d~wN Iwnof. Nld fYtll RK~ivM tMll IMV~ ~II th! b~O~d ~nd eff~uiw funa~ons ~nd pow~rs in ~~yw~u ennwud bq ~ Co~h ro a Rscsiv~r. and
weh appoleten~nt ~MII b~ ~d~ by ~ueh Court u~n ~dmitted puity ~nd • n»tt~? 01 •bsoiut~.ripM to uid MORTGAGfE, and wiM0~r1 nyr~ w th~
~elpx~ey p frwd~q~~ey of tM v~Iw of tM pop~rty matqp~d or to th~ sa'wney w inwlrsney ol ~~~d MORTGAGOR a tM d~f~nd~ntt„ ~nd ~hat ~ueh
r~ms, profit~, M+con», iuws ~nd rw~rw~s ~Iwll b~ ~ppl~ed by wch R~c~ivK ~ccordinp to ~M' ee~ w puity of wid MOICTGAGEE and tM p~etid ot wch
Cowt.
~ :
Te dvly. ProTptN ~nd fully p~rfwrn, d~seharp~. ~:~eut~. ~ff~et. coenPl~t~, ta.~ply wtth ~nd abid~ by Neh ~ed ~wry th~ ~tlpu~+ttona. +pn~n+w~u.
eondltfar and oov~n~nn in wid praniwwy not~ and thi~ nwrtyp~ Nt fath.
9. ThN In tA~ w«M tM own~nhlp d tl» mortp~p~d pr~rni~. a~ny put th~r~of, b~come~ w+t~d tn ~ p~non otlw+ th~n tM MORTGAGOR, th~
INORiG/1GEE, N~ ~ucpwon and ~ss~pro, nuy, w»hou~ norK. ro ~M MORTGAOR. d~at with such ~ucc~ua or sucuiior in intm~t wirh nf~rM+a b thi~
nw~qp~ ~nd fh~ d~W Iw~~by MaK~d Irt th~ m~nnK a with Mo?tppa withovt in ~ny w~y vitwtMp a d~tcl+sr9inp fi» Mwpapwt' (I~Wlitr h~rr
u~du a ~pon tM d~bt h~nby Ncur~d. No ul~ of fhe pr~mi~ her~by nanyp~d ~nd no fo.b~ar~np en tM p~.t of ~M MORTGAGEE or It~ wass~on
a Malpn~ uid no ~xt~Ion d tM tim~ fw tM p~ymN+t of ths d~M Mr~by Ncvr~d piwn ~r th~ MORTf3AGEE w Mt wcatwn a anipn~, iMll oqr~N
b rN~~w, d~, mo~fy el+~np~ or ~ff~a ~M aipinal li~bility of tM /W~RTGAGOR Mnie1, ~itMr in wlwt~ or In pMt.
10. h M sp~cifiully p~Nd that tlm~ b of the esuru~ o~ tha cont.~ct ~nd tMt ra wNvN of ~ny obli~~t~on Mr~r w of th~ obllp~tfo~ ~e-
cur~d h~nbp ~MII ~t ~ny tireN tMre~h~r b~ Aeld to b~ • w+ivN of tM tar?u i+e~~of w of tM irutrument s~cw~d herby.
11. In ~ddition to tM iorpo:np monthly p~yrrKnr~ of prirK pal ~~d int~~eft rpuired by t!x p?om~afay noe~ ~eew~d Mr~by. enptyapor eowna?1s
a~d prNS to p~y fo mor~aap~~ with ~+ch monthlY p~Ym.~nt ~n ~dd~rion~l •um e~timNtd by rnorty~pe~ to b~ pual b 1/i2 of tM ~nnu~l to~t of t!N follow-
~i
A-All ~NI prop~rty t~xM l~vied er au~~sed a9alnn the abov~ d~x.ibed real ttt~t~.
!-Pr~miwm on fir~ and windstwm imur~nc~ as Mrein req~~red to b~ curied on the imp~ovements s~tusr~ o~ ths ~6ov~ dewib~d p~mias.
' C-Pr~mium~ an tuth mwtpp~ qu~r~nty inwr~nc~ mo.ry~y~e ahau from r:me to t~me deem fi~ to cu?y on 7:.~. :c_
-:cd I+Keby. -
MertQp» ~hall from tfm~ fo tirry notify mo?ty~9or tn writtnp of th~ amount du~ and p~y~ble herwnder ~nd tuch sum ~MII tMre~pon b~ dw ~nd
~ psy~bb on th~ dw dH~ of th~ nsxt monthly p~ym~m •nd ~xh ivccess+w monrh ~hen~her unril mwtq~ee sh~tl notify mo.tya~w of ~ cMr+p~ in wch
~mouM. Such iuim ~F+~II b~ ~ppli~d by mwtpayee rowsrd tF+~ p~ymem of r~al properry t~:es, i~surarxe p~em:umf. ~nd morty~y~ ~wr~nty in~w~na
pr~miurM.
j IN WITNESS WMEREOF, tha wFd MORIGAGOR hN herwmo ~et F~ja lund ~nd wal tM day ~nd ar fint ~fwts~fd. ~
i 81p~»d, S~ab¢ ~n ~IIw d 4? tM pr~~ of: U "
i fILEO AN~ RECOROED ~
i St. tUC1E COUMTY f~A. ' z q
ROCER ~OtTRAS , : , ry
~ ,r,~: > CIERK rtRCUIT COURt ~ .
( _ ~ - ~ ~ ' s ~ ~ar vrp3p~Ep ,Janice K. Lvnch
~
~ STATE OF fLORIDA I~C ~ IO SI HIl 1 ?
~ ~p~Kry pp St _ 1_ucie ~ ~~36~
~ Frank J. Lynch , Jr.
~ bta• m. p.noed~y .pp....d .nd
.TiC13C~ K. L.~ACtI hi~ wH~, ro n+. w.ll known aed known a n» fo M
~ th~ Indlvldwb d«erlb~d In and who ~x~eut~d tiw fapanp Irutr~m~nt. ~e+d ~eknowl~dp~d b~fon m~ tMt tMy ~x~cuhd tM urr~ fa th~ P~rrP«M
tfitnln ~xprNwd. Md tM N~ IaA1Ce 1L.. i_vnr_tf
~ w~r. et M+. ww Frank J. Lvnch. Jz. ..~p...~..+,d p.n~.N
~a~enkwtion b~r n» qk«+ ~ra» ~nd •pan fran Mr s~id Fwrb~nd. ~eknowl~dp~d w~nd b~fon ee» th~t tM ~x~evt~d ~aid 6rtrwmnt f?Nly ~nd volw~
eailr and whhovt ~ny eanpubion, eomtntnt. ~ppr~h~mion, a f~a of a from 1~ wid Iw~b~nd.
WR1iESS my h~nd and offkld w~l thh ~~h L~ d~y oi ~1. D. 19~_
~ t i ~ c 1~_ ~
~ Nw~ry Publk In,~ fw St~q of Flwid~ ~t t~
_ Mr Conrnisaion .
Ratuin Ta. ~.tar{ . ii:- 'a at L~ts~
; wa isd«d Swkqt a toan ~?s.ocl.r'wn t' t,- , 23, i~;i
~ Of fort Pi~rn. • e: ~ ~c'~LuI
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; for? Pl~ra. Fbrld~
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f Robert J. ~ans K" , '
Thit Initrurr?~nt Prepsred By ; ~ ~f ~ ` '
` ftrtt Fed~r~l Savirqs b loan Associetion ~ ~ +
~ . of Fort Piera 0 R ~ ~;~~-'~t;,;,,;,,, ~
~ Fo~t• Pierc~, Floride 33450 8001(~~ PA~E 3~ =~~Y~;~,~.~
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~ Checked By ~'L ' j C
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