HomeMy WebLinkAbout0398 7. To pl~c~ ~„d coneinuou~ly k~~p on rM buiid~~~ps ~ow a Mr~~f~M ~cru~~~ or t~~d I~nd ~nd on ~u ~qu~pm~m ~nd p~.~o~~lly co~~~ed bY ~hi~ ma~
p~. w~th dl p~~miwn~ tMr~on pa~d ~n futl, fir~ i~~u~~~c~ in ths u~wl .~•~d•~d po~Ky lam, ie ~~um ~pp~o,~d by tM MOR(GAGEE. ~nd w~nd~~am
M~w~nc~ In IM v~wl ~~a~d~.d po~~cy fam, in ~~~m ~pprov~d by tM MORiGAGEE, i~ wcA ton+pany w compan~N u tM MORTGAGEE ~nay
dlnctj u~d ail fk~ ~nd w~nd~to~m in~ur~nc~ pol~ct~~ on ~ny oi w~d bu~~d~nps. MY InIN1H th~rein w part tMrwt, IN IM •~~f9~1~ WT ~}W~M~ a
In ~ac~ ~A~.wf. ~MII cont~in tM uswl srandard ma~~pN claua~ a ~ucl~ ahK d~vs~ N fM MO~f9~~N m~y rpu~r~. nuMirp tM bu ur~de~ ~a~d po14
ciN. ~ach ~nd ~vNY, paYab~~ ro N~d MORTGAGEE ~n io~Keu m~y ~pp~. and ~acl+ ~nd w!ry ~uch po6cy ~h~ll a promptly ~w.p~+~d ~nd d~t~v~r~d ~o
~ny Mld by wid MORiGAGEE a~ f~rtMr security ~o a~d mwtpp~ d~bt, and, nW I~~s ~han an (t01 dlvs i~ sd~anc~ of ~M •sp~~~?ton ol ~~ch polKy, to d~-
IivK to ~aid MORTGAGEE ~ f~MW~I tM~tof, top~tAp with • ~~~pt fw tM p~anwm of ~~ch r~nsw~l; ~nd ~A~~~ ~MII b~ no fu~ w windaorm i~w~~nt~
pl.ad a+ «+Y o! •ad b~,~id+~p•, a~y i~~er~p cAa~~n a p~~~ th~r~of, unl~w in tM fam ~nd with tM IoN p~y~bt~ ai ~for~~aid: ~nd in ~M •v~n1 ~ny wm
of ,non~y b~con+~~ pay~al~ vnd~~ ~uch policy a po1K~y uid MORTGAGEE ~MII Mw rM oprion w nc~~~~ and ~pply ~M ~a~ on ~ccovn~ of ~M ind~b~~d-
n.u ~.cwed hN~sy w a p.~mi~ sa~d MORTGAGORS ro r~ceiw •nd uN it o~ any psrt ?hereo! fw o~he. purpose~, w~~hovt tha~eb~ wa~ving a~mpain
~np u+y pu~ty, li~n or ~~pht undN or by vinw of thi~ mwty~p~; ~nd in tM ~vM~ w~d MORiGAGORS ~Aall fa a~y ~ea~on i~il to keep ~h~ ~+~d prKnis~~ w
fruvr~d, a f~il b d~livN p~ompfly •ny of said polK~es of in~uranc~ ro si~d MORTGAGEE. w fail promptly to p~y fully ~ny premium the~efa w in ~~y
~~sp~tt f~il b p~rfartl, disthu~~. t:ecuts, ~ffM, tompltt~. comply witA ~nd ~bid~ by th~~ cov~nan?, o~ ~ny part her~oi, ~aid MORTGAGEE m~y plsc~ a~d
paY fa ~uch lnwr~nc~ a s~y p+?t the.eof wirAout w~lviny w~Hectinp ~ny option. U~n. equ~ty. a riyh~ under a by virtue of ~his Mo.tyi9e. ~nd fhe
full ~movnt of ~ach and ~wry ~ucA p~~m~nt iAall b~ ~mm~dNaly dw ~nd p~y~bN and ~ha11 be~r int~r~~t f~om tM dat~ tMrwl vnril p~id tl+~ r~t~ of
nin~ pa cMrum p~r ~nnum a~d to~e~her wifh wch inte~est ihall be tecured by tM li~n of thif n'~ortpp~. .
4. To p~rmit, cornmit a suffa no w~i~~. impairment or det~r~or~tan o( ~aid prop~~ry a a~y pan thersof. '
S. To p~y ~II ~nd slrqula tMn cos~~, cha.pes and •ap~n~eti ~ncludinp • r~~sw~+bf~ ~~ewn~y's f~e and w+~s o/ ~bar~cts of titts. i~curr~d w p~id af
•ny tkn~ by u~d MORTGAGEE, b~c~u~ w in ?At w~nt of tM f~~lw~ on ~M pa?t of tM a~~d MORTGAGOR ro duly, prompuy ~nd iully p~rform, d~uMrq~.
•x~cvt~, ~ffM, compl~t~, comply with ~nd ~bid~ by •xh •nd ~v~ry tM ~tipulat~o% preems~ts, conditioru. ~nd covnann of u~d p~omissory not~ u+d +h~i
mortpp~ u~y p~iiA~r, ~nd uid cwts. cMry„ •nd ~apcnui. e~ch u?d 1vay, ~hall b~ imm~di~t~ly dw •nd payablr, whetM~ a no~ tMr~ b~ no+ic~ de
m~nd, ~1»mpf to cotlM a wM p~r+d~n~; ~nd ~M tull amoum of ~ach •nd w~ry tuth paym~nl ~hdl bea~ infer~st from tM d~re rhereof until p~id •t ~he
rate of nin~ p~r c~ntum p~r ~mium; and ~II ~~id co~n, cha~9es •nd ~xp~n~ss incvrred or paid, top~the~ w~th tuch i~t~r~~t, ~MII b~ ~acured by tl+~ li~n of thit
rnorty~.
6. Th~~ in tM ~v~nt of ~ny Me~ch of thc~ lkatypt o~ d~favlt on tlr part of tM M?ORiGAGOR, w(b) in th~ ~vent ~Ry of u~d ~ums of money
h~nM reiNr~d ?o M not p~ompUy and fully pald wirhin thu~y (30) dayf next •ha the ~amt seva~.ly b~com~ dw and payable, wi~hout demand or notice,
or (c) in tM ~vent e~ch ~nd wery iM iripul~~~ons. •gre•m.nn. coneitions and cov~na~h of w~d promi~wry not~ •nd ~h~• mor~pp~ any w•itlKr •r~ na
iuly, pranptly •nd fully pNfwm~d, d~xharped. •~ecured, ~ffeued, compl~t~d, compli~d wirh •nd ~b~ded by, ~Mn in e~~he~ w~ny aucA ~wm ~M s~~d ay~
prp~t~ wm rew~tion~d in s~id promiswry note ~hen rsmainin~ unpaid, wifA int~r~it ~cuwd. ~nd atl mor»YS a~cured Mnby. ~MII b~com~ du~ u+d pay-
•bl~ fathwith, a tMn~h~r, ~t rM oprion oi •+id MORTGAGEE, fully •nd canpl~~~ly if ail o} ~M u~d wms of money w~re o~yin+tly ~uput~ted
ro b. pa~d on •uch d•y, a~ythinq in utd p.om:~~ory note o. In ~hit Morty~y~ ro tlw com~~ry norw~~hs~~nd~rp; ar+d therwpon o. t1+~reafre~ ~M ope+on of
~~id MOitTGAGEE, without notic~ w d~m~nd, ~~it ~t law or in pvity, tM~eta~ a tMr~~h~r bepun, may be prosecuted ~f •11 mon~y~ Hcur~d hereby
h~d m~tur~d prwt fo it~ IMtilution. -
7. TI?H in the ~v~nt that H tM b~ginntnq of a at any tim~ pendinp ~ny suit upon th:s Mortysy~, w to fpxlw~ it, a to refpm It, a to ~nfwu
payrn~M of ~ny tl~im~ Mrwndtr, said MOR1GAGfF ~hatt ~pply to tM Coun Mvirp juri~d~c~ion the«o! fa the ~ppo~ntment of • Receiv~r, ~uch Cou?t shall
Fo.thwlth ~ppoint • nc~iwr of ~aid mortpped property •II •nd ~i~yular, inct~,d~np •11 ~nd sinqular ~M incom~, prof~ti, iuw~ ~nd nvMwi from what~ver
wurc~ d~rivtd. ~~th and ~very of wh~ch, it be~np ~xpreuly unde~~tood, i~ Mr~by mwt9~yed if tpecifically Nt fath and dewib~d in tM pr~nrinp and
lub«wum d~uft~ hKwf, N+d ~uch Rec~iv~r ~h~ll Mve atl fh~ b~oad and ~ff~ctiv~ funa~ons ~nd povr~n in anywif~ entru~ted by ~ Court to • Receiv~r, •nd
s~ch ~ppolnten~nt ~h~ll b~ m~d~ by ~uch Court a~ ~n ~dmitted equiry and • m~»~r of ~b~olut~ ~iyh~ to taid MORTGAGEE, ~nd without ~tl~r~nc~ to tM
~dpuscy a Inad~qv~cy of th~ wiw of tM p.operty mor~~ayed or to lhe wti~ncy o. imolvsncy of uid MORIGAGOR a tM d~f~nd~nt~, ~nd rlut ~vcA
r~nr~, profit~, Incan~, iNw~ ~nd rw~nws ~hall b~ appiied by ~uch Rx~ivfr ~ccwd~np to tM li~n w pvity oi uid MORTGAGEE ~nd tM p~~ctk~ af ~uch
CouA.
e. To dvly, wo~ry ~nd fully pMform. di~chup~. ~x~cuf~. ~ff~ct, compl~t~, cocnply wlth and ~bide by Nch ~nd ~wry th~ ~ttpul~tions, prNm~n»,
condHbm ~r~d cov~nta in w~d promiuory no» u+d th~~ mortp~p~ Mt fath. ~
~ 9. Th~t In tM w~nt th~ owr»nbtp oi t!» ~,ona.o.e P..m~.... o? ~ny part th~r~of, bacom~t w~»d In ~ ptrwn otMr tMn th~ MURTGAGOR, tl+~
i MORTGAGEE, Iri wtc~Mw~ ~nd supro, rnay, wetFaut norice to tM MORTGAOR, dt~l with ~uch Wtc~aW~ o~ ~ucceua in inhretl with nf~nop lo this
mon9ap~ ~nd tht d~b1 htrtby wcvr~d in tM ~~nq m~noer a~ w~th Mortppa witAout In ~ny w~y vitiNlnp a di~tharyirq tht /1~orlppws' U~bility M~
ur~r a upon tM d~bf Mreby wevr~d. No ~~I~ of the pr~mi~ Mr~by mwtpap~d ~nd no fwbNr~e~u en tM par~ oi ~M MORTGIIGEE a It~ tuce~uon
or wlpns ~nd no ~;t~eulon of t!?~ tim~ for tM p~yrrunt of tl+~ d~bt Mr~by s~eur~d plven br tl+~ MORTGAGEE a in ~ucauon a auiprn, sMll op~r~t~
~o ~N~as~, diuharp~, modify chu+p~ a•ff~ct tM orp~nai li~b~lity of tM MORTGAGOR M~~in, ~ftl+K In wiwt~ a tn p~N.
' 10. It h sp~clHcdly pr~ed M~t tirr~ is of th~ esNnc~ of thit conhact and tFut no w~IvN of any oblip~tion Mr~r or of tM obllp~tion ss
~ wr~d Mr~by shatl N~ny tirrw tha~~h~r b~ A~Id to b~ ~ waiv~r oi tM t~mu Mnof w of tM Irutrurrwnt wcw~d Mrby.
i
I1. In ~dd~tton 10 ~M fupo:np monthly paym~nt~ of princ'p~l end 1nt~n~t ~puir~ by tM promit~ory nors ~ecvnd Mr~by, maty~pw cown~nh
t .nd pr~ ro pay to mortp~yN with ~~ch monthiY paym.~nt an ~dduand wm ~p~mu~d by n+wtppN to b~ ~qwl w 1/12 of tM ~nnwl cwt of tM follow-
~ ~^Oc ~ .
~ A-All re~l prop~rty taxa t~v~ed or •~sessed •p+~~st the abov~ d~~trieed real ~~t~t~.
; B-Prem7um~ on fir~ and windsto•m insurante a~ h~rcin requ~red fo b~ tarried on 1M improvtrrHnt~ •ituate on tM ~bove defc?ibed pr~miae~.
E C-Premivms on such mortg~ye ywr~nry insu:~~~ce mortpaye~ ~hall from t~m~ ro t~me de~m fi~ to c~~ry on th~ b~o secured Mreby.
~ Mort9~p~e ~hall from time to tim~ notify mortgayor ~n writ~np of th~ ~ma,m du~ •nd p~y~bl~ hKeunder ~nd ~uc4~ ~um ~hall therwpon b~ dw and
~ pay~bl~ on th~ due d~t~ of th~ next monthly payment •nd each iuccsuiv~ month there~A~r umil mwtpr,~ee shall not~fy mortgsgor of ~ cMeq~ in tuch
~mount. Such awra ~hall b~ appl~~d 'oy mort9ayee ~ov~ard the p~ym~nt of r~~t prop~~ty t~ati, inwr~nu p~em:umi. and matgspe pusr~nty iniur~nu
~ D~~mfumf.
~ IN WITNE55 WMEREOF, tM ~~~d AI1aRTGAGOR h~~ herwnto ~et hii Mnd and a~d tM d~y ~nd fint ~for~s~id.
~ ~Sqewd, S~aled ~nd d~uv~r~d in ~M pr~~~nc~ of: -
g ~ • Robert G. Ma jo
~ `~R~
~ , t ~ ~ ~ - R a an a~ ~~~n
; _ ~ y . .
> STATE Of f10RIDA . : Q t ; ~
Y counmoF 5t. Lucie ~ ss. ,~<<-
z; Robert G. ~:ajor -
~ 6~fw~ rn~ p~rwn~lly ~pp~ar~d - ~ ~nd
~ Rav~l~ Jean Ma jar hi~ wlf~. ~o ~s.~,;q t~ .oe''kr~wr so`~T. ro b.
~ rM Indlrldwb dMCrtb~d io ~nd who ~x~cut~d tM forpoinp irutrum~nt, ~nd ~clcnowl~dp~d b~fon m~ tMt tMy l~ubd ~M w~ far pwposN
r?,...~ .~...«d. ~„d +t+. s.~ Rav'~ ~ Je an 1?1a~ r . ,
w~i• 01 N» wtd RG~h t~[; ~ M a i o r upon • wp~r•t~ ~nd prlv~t~ _
=i saunleutien by nw talun ~nN ~nd ~p~n from M? sa~d hu~E~?~d. ~denowl~dp~d w and b~fon er» MNf ~M ~7{M/i~ Nid IMfR/TMt ~fNlr M1d r011Mf
~arily ~nd withov~ ~ny wmpvblon, comtr~inr, appr~h~n~~on, or f~ar of or froq~ ha wid Au~nd. 7~
wtrN~,ss my h.~d .~d oNk~.t ...i rn~• 6t h d~y ,f ~ Janua ry n. o. tv
~ J ~ ~ •t ~
v Nof~ry,ev~t In u~d for ths SHt~ of ibrfd~ ~t larQ~
Mr Comm~uion ~=ptna
= R~twn Ta.
fk~t f~dar~l S~rlnps i lun Aa?oci~tion
- Of Po.r P~~.u. Notary PubfK, State oi floridi ~t larqe
: Fon P~au. Flo.td. My Commisian E:pira A~. 30. 19~1
b.aed b A.wK~.. Ir. S C~swn. :~e~un. '
~ LEO ~~p qECpRGEu
: hi In trument Pre ared B ~ick Teet s ROCF ~OUM7Y F~,e ~
: T s • P Y ~ , , R POirR~s . ~i
First Fed~r~l Savinys b losn Associetion ~ ~.i~~,tr~; ~;~,_~~.~J'
of Fort Pierce _ ~
Fort Pierce, Floride 33450 "
~ ~ry I{ 3S +
; Checked By ~ - ` S'~
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. ~
- ~ ~
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