HomeMy WebLinkAbout0084 To pi~u ~nd con~inuo~+~ly LNp on iM bu~:d~np~ now w l+~r~~h~e wtu~N or ~ud la~d ~nd a~ ~11 ~qu~prr»n~ N+d p~rwn~lly covK~d bp ~hi~ ewr~
~q~, with ~11 pn~ny ~M~wn pa~d in full, I~r~ inaur~nc~ in tM u~wl ~iu+d~rd polky ia~, in • wm ~pprov~d by tM MORiGAGEE. ~~d wi~+Q»orm •
Yrw~ In ~M uwd u~++d~rd po1Ky (a~n. In a~um ~pprov~d by ~M NYO~TGI?GEE. In wcA oo.wpany o~ canpu?iM a tM MORTGACiEE e+ay .
dinctt ~nd ~11 fk~ w+d w~nd~arm inwr~nu po?tc:e~ on ~ny of ftill buiW~f, My InfKHt tlW~in W put ~Mrwf, in tM pprp~u ru~n ~faaaid o~
N~aoNS IAt~wf. sh~ll eon~~in 1M usual standard morrqap« el~uw a weh o~hw et~vw q tM Ma~pap~+ m~y rpuv~. n?~?inp t!» lou ued~~ ud pdF
cl~. ~ad~ ~nd ~vKy. p~YabN eo a~~d MORTGAGEE af its in~~r~st may app~+r. u+d s~ch ~nd ~vsry wcA policy ah~ll b~ promp~ly au.qned N+d d~livK~d ro
w~ Mld by wid NWlTGAGEE fur~he~ ~ecwity ~o ~aid mw~pp~ deb4 ~~d. i+o~ I~s~ 1hw+ t~n (10) d~ys in advanc~ o( tM •:pir~tion of ~~ch policy, to d?
liwr 1o NiQ MORTGAGEE • r«+twal th~r~of, w~tMr witA • r~c~ipt tw tM pr~miwn o1 ~uch r~rKwal; u+d ~Mr• d+all b~ no f+r~ a W111di~WT inw~~~u
p1~pd on ~ny of ~aid buildinps, ~ny interest the.~u+ or p+n tM~~of, unt~w in t!w forn~ ~nd witA ~M lou p~r+bl~ a~ ~fw~said: ~nd in tM ~wn~ ~ny ~wn
of nwn~y b~cu,nN p~yapl~ w~d~~ ~uch pol~cy a po1Ki~~ Nid MORTGAGEE ~h+ll Mw ~M option b r~c~iv~ ~nd +ppty tM s+n+~ on ~coa+M o1 tM 1^d~b~~d'
e~u NcW~d 1tH~by p q pKmit uid MORTGAGORS to rec~iv~ and uN it w+ny parl the~eof fw o~her pu~poses. w~tMwt therebr w+ivi~~g w~mP+ir-
Mp any p~ity, li~n w riph~ undK or by virtw of thi~ morry~y~: and in ~M ~w~+t N~d MORTGAGORS ihalt !w ~ny ~~asa+ fail to kNp fh~ said p~~is~s ~o
inwr~d, w}~il W deliv~r p~ompNy ~ny of s~id po~~clef of in~ur~nce to ~aid MORTGAGEE, w fail promptly Io p~y fully any premium there~w w i~ ~ny
rap~ct fail b pNiwm, diuMr~, ~x~cure, ~ffM, compler~, complr wirh ~nd abi~ bY ll1i~ COV~Mf11. a~~y pu~ ho~eot, s~~d MORTGAGEE may p~~cs and
p~Y fw sud~ irtwr~nc~ o~ any p~n rF~sreol without w~ivinp w~ff~ctlnp any option. li~n. pvity, w ri9h~ undM o~ by virtw ol this Monp+q~. ~nd the
tull anoue~ of ~ad~ and ~v«y wcl~ p~ym~nt ~MII be im~n~di~uly dw ~nd pay~bl~ ~nd shall be~r inta~a from th~ d~t~ lhsreof un~il paid ~t tM rat~ ol
nirn p~? untwn pw ~~num ~nd toge~hrr wi?h such inte~es~ tMll b~ secured by th~ lien pf this mortp+p~.
1. To permit. commit or iuffN no wast~. impairmeM or deterioratan of s~id propHty a any part thereof.
S. To pay ~11 and ~irqul~r tl» costs, chu9es and expa+~s, ~ncludi~g + ~~~sa~+bb ~norney i fe~ ~nd co~ts of ~b~tr~cts of titls, incuned or p~id a~
~ny ti~.N by wid MORiGAGEE, b~c~u~~ a in tM ~~ent oi tM fulur~ on ~M p~n oi tM sa~d MORTGAGOR a duty, promp~ly ad fully p~rfonn, dach+r9e,
~:eM~. ~ffM. cempl~t~, oanph witA ar~d ab~d~ by ~+ch and wery :M itipulatiaa, pre~m~ets. caditiona, a~d covtnants of w~d praniuwr eot~ ~nd thu
^~9+~ ~^Y a~i~l~. ~nd t~;d cofn, ciury~s •nd ~:psnse~. e~ch ~nd wNy. ~hatl b~ imrnedi~tdy dw ~nd p~y~Dlr, whether a not ti+M~ 1» not~ca de
inarwl, atte~npt fo co11M w wit p«+d~rgr u+d ~M full ~moum of e~ch ~nd rrNy such paym~nr a~+all b~a. i~~er~sf from tha d~re ther~of until paid a~ the
rate of nin~ ptr c~ntum p~r ~nnum; ~nd •II uid costs, charges and e:pensea incuned or paid, 1og~thK w~th such intNaL ~MII b~ ~ecur~d by tM li~n of thia
matpp~.
6, That (a) in th~ ~v~~t of any bre~ch of this Mort9~y~ o? def~ult on th~ p~rt of ths MORiGAGOR, or (b) in the ~vent ~ny oi fa~d ~wns of money
hKein r~f~rred to b~ not p~omptly and fuly pa~d within th~rty (301 daya nea~ ~fter the s~me a~ver~lly btcome dw and pay~bb. wi~hou~ deenu+d a notke,
or (c) in th~ ~v~nt ~~ch and ~very tM stipulations. ~gr~en+~nrs, c~tion~ ~nd town+nts of said promisswy nott ~~d th:s morlp~gt any a~ither ~re rw1
iuly, prompdy and fully p~rtorm~d, dixMrped. executed. ~ffccted. compl~ted. compli~d w~ih and ab~ded by. the~ in e~thsr or any such ~wM tl~ said p~
prpu~ wen mentan~d i~ uid promiu«y rat~ then rem~iniry unpaid, witA i~~tnst acuu~d, u~d all moneys kcwed F+e~eby, sMll b~ooe~t dw ~nd pay~
~bl~ fo.thwlth, a tlNfNf1N, ~t tiw opt~on of said NtORTGAGEE, a~ ~~~ly •nd canpl~tely ~s if a11 of rM a~~d wrm of moe»y war~ ori9in~lly u~pul~fed
ro b~ p~id on such day. anythinp in sa~d prom~ssory not~ w in thit Mortpap~ to tM conn~ry notwithstandinp: ~nd therwpon or thtr~~fMr a~ tM op~ion of
~aid MORTGAGEE, without nw~c~ a d~mand, wit N I~w w in puiry, the.efon a tiwre~ftK bpun, may be prowcut~d u if ~11 marys s~cw~d I+ueby
1?~d matw~d prwr ro its in~titution.
7. TMt in tM tv~nt rhat ~t tt+e b~ginn~np oi a at ~ny tirr~ pendin~ ~ny wit upon this Mo.ty~ge, a to foreclow M, o? to nforen lt, a to enfwa
p~Ynrm of ~ny daam lwrwr+dK. ~Id AAORTGAGEE aMtl ~pply to tM Coun havinp jwi~dicrion tMrwf for tM ~ppointm~m of ~ Reai,rN. wch Cow~ sMll
ForthwMh ~ppoint • naiwr of said m«tpp~d p~operhr ~II ~nd tirgul~r, includmp d! and ~ingul~r tM incane, profin, iuws +nd r~veewes from whatever
wwu daiv~d. ~~ch ar+d w~ry of which, it beinp ~xp?euly und~ntood. u Atr~by mwtpped if ~pec~fic~lly set fatA aod d~urib~d in tM p~~niinp u~d
habad~un clawt~ Fw~of, u+d iuch Rec~iv~r ihall Mv~ ~11 ~M broad ~nd ~#factiv~ fund~w» ~nd powtn in ~nywi~ entrwted by a Court ro~ Receiwr. and
suth ~ppolnsmwN shall b~ msd~ by suth Covrt u~n admitted equity and • matt~r of ~bsolur~ riqM w wid MORTGAGEE. and wirhow r~f~r~noe w tM
~quKy p In~d~qu~cy of th~ v~lw of tM prop~rry mwtp+ped or to the wtv~ncy w i~wlwncy of ~ald MORTGAGOR a th~ d~f~ndan»; ~nd thd auch
r~m~, p~ofib, Mcpn~, iuvH and rw~nuti ~11 b~ ~pplied by svch R~uiwr ~uord~np to t!w Il~n o? puity of s~id MORTGAGEE ~nd tM pr~ctiu of wch
C,ourt. .
To duly. ao~+b .~d fi,~y ~fo.~+. dlxMrps. ~x~cut~. ~H~ct, canV~~t~, oomP~Y wlth and ~bid~ by wch ~nd ~wry thu sHpulatio~s. pn~^ti.
OOfldlf~011/ Mld COVMMM~ 111 Nid PfO~I1iNO/y f10t~ ind ~ t11i~ rtfOflQp~ Nf fOft~f.
9. it~N In MN Mn1 tM ownKShip d tM ^an9p~d MM^isa, or ~ny p~rt the~wf. b~rom~s wahd In ~ p~rwn otlwr fh~n f!w JMaRTGAGOR, fM
MORTG/?CEE, Ih woc~won ~e~d ~uipr», nwy, w~fhout notiu to tM MORTGAOR, dMl wi~h ~ueh wa~uw w sua~~sor in inhrat witA nfe~~nu ro this
~ mo~rtOp~ ~nd th~ d~b h~rtby ~~cw~d k? tM um~ m~nner „ with Mlortpapw without In ~~r w~y vhiNlnp a di~tharyinp th~ Mortypora' (i~bility trr?
, u„du ar ~pon th~ d~b~ h~r~by s~cur~d. No .at~ of ?he p.smi~.s h~r~by nwr~p~p~d ~nd no fwbw.~nw en ~M p.r~ of tM MORTGAGEE a Ms woas~o.s
w~ylpns and no ~atNrton of th~ t{nM fa tM payrn~nt of tM d~M hn~by Ncur~d qfwn by tM MORTGAGEE w its ~uca~wn a awgi+~„ ahdl op~r~N
lo rN~yR, di~d+~rp~, ewdlfy eMnp~ p aff~ef tM wipinal liub~lity of tM MORTGAGOR Mt~ln, ~Ith~r h wlfob p le~ pMt-
' 10. N b ~p~dflully aprNd H+at tlm~ h of tM eawnc~ of this ca~tr~ct ~nd thst no w~ivw of ~ny oplipd~on Mnw~d~r or of th~ obllp~tion ~r
E cur~d INnbp ~11 M u~y tlm~ tMr~aft~r b~ MW to b~ ~ w~ivN oi tM t~nna Mr~of a of tM Inatrunwm Ncw~d Mrby.
~ 11. In ddirlon ro t!w fapo:np n+onrht~ paYm.nn of p.lne'p~l W+d im..Nf rp~ir~d bp fM praniuory nor• .ecvnd Mr.by. morqayo? cov+~?.efs
and prMS to paY to mortypN with ~~eh mauhlY p~Ym~nf an ~dd~~ional wen e~fim~t~d b~r mon9+pN ro fo~ pu~l to 1/12 of tM ~nrw~l eost of tM folbw-
~ k~p:
~ A-All rNl prop~rty t~x~a bv~~d w~ss~ascd ~y+inst the ~bov~ d~uribed r~d ~~bb.
~ d-ineriiurm on fir~ and windstorm insur~nu ~t n~.oin requ~red to b~ urried on tM improv~nh situ~te on the ~bove dcsaibed premises.
C-P?«niwns on suth n?ortyp~ yusranty irouranu as mo.tQape~ rhall from t~rrK to time de~m fit to urry on tM lo~n secured h~reby-
~ MwtypN ~hall fran tfm~ to tire» notify mortyapor in writirq of tM ~mount dw ~nd p~y~bl~ Iwwnder and sueh wm sh~ll tMrwpon b~ dw ~nd
pay~W~ on th~ dw daN of ti» r»xt monthlY p~Ym~nt •nd ~ach wcce~~Iw month th~re~h~r until morfp~pe~ thall ratify mort9agor of ~ chanpe in~ wch
~ amount. S~+ch ~wrr sMll k» ~ppli~d by mort9a9ee tow~rd tM p~y~+e~t of r~~l p?operty ta:~s, insur~r+o~ prem~ums. and mortg+yt 9uarant~r imuranu
~ pr~rnl~ms.
i IN WITNESS WHEREOF, tM ~aid 1NORTGAGOR ha~ ixr~umo s~t his h~nd ~nd aal tM day ar fint afor~said.
` Slpmd, Swbd • ddlv~r In tM pr~nc~ of: ~
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~ S1ATE Of fLOR10A ~ ,
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e t~o~d~ ss'
~ courrrr oF
~~M~~Y Richard 0' Connell, a married adult ~„d
i~ YaY~, to n» w~ll known and known to m~ to b~
tlw fndtvtdwb dwc~ib~d In ud who ~a~cur~d tM forpoinp irunurrwm. ~nd acknowhdp~d E~fon m~ that tMy ~~a,t~d th~ w?rw for tM purpwN
M~r~ln ~spr~w~d. /1iGM~tli~iC't'=
~t~~i~CrK~aYiYx
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WtTNESS nqr h~nd ~nd offkJ~l wal thi d~y of O. ~14-.,~~]
= t'~ .
FIIED AN~ CO ~ry Publk M~nd for tM h Fld~id~ q tMA a_
.=t - ~.3E~99'7`'~ sT. ~uc~E covNTY F p ca,n„w1a, .xp~a: ~ ` ~ :
- R~turn io: RCCER POITR115
.,Y Flrst F~d~rd Savlnp~ i Lo~n Aswci~tiOn r ckK t~.4~~U1~T COU R T 1pT~~1CS~ " rY '
Of foh Pi~rt~. ' ' ~ ~ ~ ~ ~DA At -
` fort P1~ru, florld~ ~ ~ ~ ~ }g~ ~
~AN 6 3 43 PH c~a~t~a.t~~•~~"
Richard K. Kayes
Thi: Instrument Prepared 8y
Firit Fedsral Ssvinyi b loan Associetion
- of Fort Pierce
Fort Pieres, Florida 33450
Checked By ` bp -
~
2~ P11Gf 8't
YGGd
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