HomeMy WebLinkAbout0400 3. Tb~pl~cy ~nd wnun,wusly lNp on ~M k,..~,d..~q~ now w M~~aH« uwu~ or ~~~d I~~ ~nd on ~II rqww~~m ~~Kf p..w~„•!Iy co~•r.d by ~h:• mor~9-
p~, wi1A ~11 pNni~nq tha~on p~~d in fvll, i~rt inf~~~nc~ in ~M uw~i ~r~nd~rd polky lo~m, in •~um ~ppror~J by ih~ MORfGAGEE. •~d w~~~a~n
imw~u h MN wwi ~~~ndard po:.c~ fan~, ~n ~ iun? ~p~wowd by ~M 1MORTGAGEE, in wcA canp~ny w compamN ~s ?M MORTGAGEE ~y
dirKfJ ~nd ~11 Ar~ and w~~orm i~+w~~nc~ pol~cNi on ~ny of Nid buitd~np~, ~ny in~K~~t rM~~i~ a pa.f ~h~r~ol, i~ ~M pq~ep~~• ~um ~faeuid a
In uccw U+NwI. ~Mtl oon~~in tM v~wl s~andad mo.pp» d~~s~ o~ sucA otlwr dwa~ u ~M MarpayN may rpu~a. n++?inp ~h~ iou unda ~a~d polF
ciM. ~ach ~nd ~wry. p~yabN a wid MURTGAGEE u~n in~~sr rnay ~ppwr. a+J ~acA ~od w~ry tuch poi~cy ~h~ll b~ promprly ~~i.yn~d ~nd d~Gv~red ~o
~ny !»1d by wd JNORTGI?GEE ~s fwtM. ~.cwiry ro ti.+d rnorq.p~ d~br. ~nd, ew~ I~u ~ian t~n (10) da~• in ~dvanc~ of ~M •apir~tion of ~ach pol~cy. ~o dr
IivN W Nid MORTGAGEE • nnswsl ~Mrwf, ~op~~h« wi~A • nu~p~ fw tM p~nivm of ~uth ~~w~l; ~nd th~n ~A~II b~ no fin or wlnd~~am inwr~nc~
pl~ad on any of s~id puild~npa, ~nr ieu~r~ tMr~~n w p~rt th~rw/. unl~w In tM fonn u~d w~ih tl+~ lou pay~bl~ •for~?aid: ~nd in ~M ~v~n~ any ~um
of nwn.y baonw~ pa~.b1~ w+d.. wch poi~cy w pa1K~ ~s;d MORtGAGEE ~h~ll Mw rM option ro nc~iw •nd ~pply tM um~ on ~ccoun~ of tM ind~b~ed~
n~u wcw~d Mr~b~r a a pami~ .ud MORTGAGORS ro rec•~~• ~nd uw it or any p~rt theroof 1w o~hrr purposes, w~~hout ~h~rebr wai~~~+g o~ ~mpa~.-
inp ~ny puify, li~n p rqAt u~d~r p by virtu~ of tlw mortpp~j ~nd in tM ~vtn~ N~d MORTGAGORS ~MII fa ~ny r~awn fail 1o kHp tM uid pr~mis~~ w
Msu~~d. o? f~il to d~liwr p~omptly ~ny of wid polKies ol i~wr~nc~ ro uid MORTGAGEE, w fail p~omptly lo pay (ulty ~ny pr~mium ther~for w in anY
r„p~a f~tl b pwfwm, d~sch~r~, ~aecur~, ~ff~, canpl~r~, comply witA ~nd ~b~ by th~i cov~nani, a•ny par~ hsreof, i~id MORTGAGEE m~y pt~c~ a~d
p~Y fa wd~ Lrwanc~ w a~y put rM+eof w~rhout w~lvinp a~ff~ctinp ar~y option. li~n. equ~ry. or ri9h~ und~r a by vir~w of ~hi~ Mwtype, ~nd ~he
futl ~moum of ~cA ~nd ~wry wch payment ahall b~ ~r~umdN~~y du~ ~nd p~y~bl~ •nd sMll be~r Intsr~st from tM dat~ tM~eoi umil p~id ~t rh~ ~at~ ot
f1/M CMtV111 q1 ~MIUT ~ffd Ip9tfAll with wch inTirNt ~Fyll ~ K(W~ Dy fM IIl11 O~ tAif MOIf9~~.
1. To pamit, ~nmN a svff~r no wuh. impai~rrrm a d~te~ior~tion oi ~aid propKry a~ny p~N tMreof.
S. To pay ~II Md skpula t!~ cwts, charyes ~nd •xp~+w~, intludinp ~ rtawn~bl~ ~tf«n~y'~ fe~ a~d co~+a of ~buricn of fitt~, incurred a p~~d ~t
~ny tfen~ by ~aid MpRTCsAGEE, b~cws~ a in ~h~ ~v~nf ot tM fulw~ on th~ pair of tlw s~id MORTGACaflR 1o duly, promptly a~d lutly pertwm, d~xF~argR
uecvt~, ~fhc~, oompl~b, comply w~th ~nd ~b~dt br ~ach ~nd rwry tM ~tipul~tioru, pre~mMn, cond~t~wu, uul cov~nants of w~d prom~swry noh ~nd thii
monpp~ ~nY w~i~h~r. ~nd ~a~d coua, chuqe~ u+d ~apemrs. e~ch and ~wry. ~Full b~ imm~d~~~dy du~ ~nd pay~blr, whetMr a not rhKt b~ not~c~ d~
m~nd, stttmpt ro coll~cl or wit pa+d~rg; ~nd rM fu11 Knount of ~~cl? and evMr fuch payment ~MII bea. inr~r~u from ~M d~te tM.wf u~ril paid ~1 the
r~?e o1 f1iM p!1 CMtYT pK ~nnum; ~nd ~II said cosn, ch~rges a~d ~:pense~ incurred a p~id, ~op~tMr w~th ~utA int~re~t, ~MII b~ iecur~d by tM lie~ of th~~
mat~p~-
0. T}wt (a) in tM ev~e?t of any br~ach of Nws Mo+tyap~ w def~vN on th~ put of the MORTGAGOR, a(b) in the twM ~ny of ia:d sum~ of money
Mrtln r~fMr~d to b~ not promptly ~nd (utly pa~d within tA~rry (30) d~y~ nexl ~ft~r the urra ~~ver~lly become dw and pay~bl~. wi~hou~ d~m~nd p ROIiC~,
or (c) in fM ~wnt ~~ci~ u+d w~ry IM stipul~tiom, ag?een»nn. co~tion~ ~nd cov~nann of uid promitsory not~ u~d th~s mor~pp~ ~ny a•itMr •r~ nol
iuly. promprip ~nd futiy p~rformed. dachuped. f~Kutll~. IFfKtld, compt~ted, compl~d with and ab~d~d by, ~Mn in e~ther w any ivcA w~nt tM ia~d ~
prp~» wm ~+tion~d in said pdnis~ory not~ th~n r~maininp unp~id. with inrtr~~f uuwd. u~d all mon~y~ s~cured F~er~bY. sMll b~com~ du~ and pay-
~ble torthwitk M~MlNNN, ~t tl+t opt~on of a~~d MORTGAGEE, fully ~nd tompl~t~ly p il all of tM uid ~ums of mon~y wer~ wqie?~Ily atipui~?ed
ro b. pa:d on ~ud+ d.r. ~nytAinp in s~~d p~om~ssory note w in th~a Mptyp~ to tM con~r~ry notwiehsfandiny: ~nd therwpon or U+~reaher ~t tM op~~on of
~~id MORTGAGEE, w+~l+out nw~u w dsmand w~t a law a in puity, ther~fon w tMr~~i~~r bpun, may be prw~cuted a~ if ~11 mon~y~ s~cured Mr~~y
Md maew~d pra. ro~» lmt~rution.
7. iMt in tM w«+t ~h~t at tf+e begirv+:np of o. af any rim~ p~ndi~p any wit upon th~~ Mwtgap~, or ro fw~clow It, w to nfwm it, w to snforp
paym~m of ~~y c1~im~ h~.~und~r, wid MORTGAGEE ~hasl ~pply to ~M Covn h~vinp juri~d~c+ion therwf (w th~ •ppo~ntmc~t of • Receive~, ~uch Gowt shall
forthwHh appoint • r~c~iv~. of uid ~wtyap~d property atl ~nd ~irqul~~, includ~np all and ~in9ul~r ~M incom~. profit~. iuw~ ~~d rtwnw~ from wh~tever
wwa daiv~d. ~ach ~nd ~w.y of whKh, i~ be~np eapreuly undauood. i~ F+~?eby mar9~yed a~ if ~~C~fit~llY Nt forth •nd dncrib~d in tl?~ pr~nriny ~nd
lub~ndurn clavw~ h~rwf. ~nd ~uch Rec~ivp shalt I~aw ~11 the b.o~d ~nd •ffectiv~ funct.on~ ~nd pow~n in anyw~s~ entrusted by • Court ro• Rectiwr, •nd
~uch appotntn»m ~h~ll b~ mad~ by svch Ca;~t a~ ~n ~dmiteed eqvity a+d • m~nN of ~bsotur~ riyht ro s~id MORTGAGEE, ~nd wirhou~ reierenc~ to tM
~dpuacy a lewdequ~cy of t1» valw of ~M p~op~.~y mo.~y~9ed o~ fo tl~e ~oiv~ncy o~ imolvency of a~~d MORTGAGOR or tM d~f~nd~nt~, ~nd th~~ iuch
r~m~, profi», Incan~, iuun u~d rw~nuN shall b~ appsied by ~ud+ Rec~iv~~ ~ccad~np to tM Ii~n or puity of a~id MORTGAGEE ~nd ~M prsctiu of ~uch
CouA.
To duly. pranpty ~nd fu1Fy p~r~orrn, discha.pe, eaecut~. ~ff~ct. compl~~~. comply with and ~b'~W by Nch ~nd ~wry tM ~fipulatiom, pr~nt~,
conditbna ~nd cov~nn w+ w,d pron+b~ory nos~ ~nd ~hu mwrpp~ sN forth.
9. Th~t N th~ ~v~eM th~ oMrn~rship of tM mortpp~d p~n+aa. w~ny pan th~r~of, b~cark~ vKt~d In ~ p~rwn mAN fMn th~ MORTCsAGOR. tM
MORTGAGEE, in wcuwors u~d ~wqru, m~y, w~rhou~ norKe to tM MORTGAOR, d~~l w~~h •uch ~uuNSOr a succ~uor in int~nst with nfKerw to thq -
mw~pap~ ~+~d rh~ d~b~ Mrebp wcw~d in tM sxn~ ma+n~r ~s w'nh Matpapo. w~rhouT te? ~ny w~y vitiulnp or d~scM.ykg tl+~ Matppw~' liabiliry Mr?
_ undK or upon th~ d~W Mr~by wc~x~d~ No s~l~ of the pre~niw~ Mnby mortpap~d and no fab~ar~na en fM p~n of th~ 1MORTCsAGEE or Ns wcaaon
or a~1pn~ ~nd no ~st«rion of eFr tinw fw tM Fvym~nt a! ?M d~bt Mr~by t~cur~d pfwn by tlr MORTGAGEE or in ~uca~wn w~uipns, aMll op~r~a •
to nl~w, d"adwp~, modify d~+np~ or ~ff~tt tM wip~nal li~b~lity of tM MORTGAGOR Mnin, tltMr in wlwl~ a In put.
10. tt Is ~cifiully pn~d rhat tim~ n of tM eu~nc~ of thia cw?tr~ct ~nd tMt no wNwr of ~mr oplp~tan M?wnd~r w of tM obllpatbn s?
i ar~d Mr~by sl»II ~t ~ny tYrw tMre~h~r b~ h~ld 1o b~ a waivK of tM t~trns h~nof p of tM k?~trum~nt wcw~d Mrby,
• I1. In ~dd~tion to tl» fwpo:n~ ~++on~hh paYn,enn of princ"p~l alld II1tNNt rpuir~d by tM p~aniiwry noh ~ecund Mr~by, mortpa9or cown~nn
f •nd sprNS to pay to mortp~pN w~rh e:ch monrhly payrr»nr sn ~dd~rFonal ~um ~~t~m~t~d by eeortp~~ to b~ pu~l ro 1/12 of tM at+nu~l cost of tM fdlow-
~
~ A-AII red prop~rty u:es bY~ed w asscs~ed afla~~~t the abov~ dt~cr~bed re~l ~~t~t~.
! d-Premiums o~ fin and windito-m :rtsur~rce ~f herein rpu;red to b~ carried on tM ~mprovNMnr~ titu~te on the ~bove delcribed pr~rnisy.
~
~ G-Premiumt on such mort~~qe Qwra~ty ~r.i~:sr•ce u:nonpipe~ ~hall from t~rru to time d~~m fit fo c~rry on the Iwn accvred htreby.
~
Mortypee sh~11 f~om t~me to t~~rv norify morTq~9or ;n wr~r~np of tM •mount du~ ~nd p~y~W~ iwwnder •nd ~uch sum •hall tl+Kwpon b~ dw ~nd
~ psysbt~ on tM due dat~ of th~ next monthly paymenr ~nd •~cA wcc~s~iv~ month tMre~ft~r until mwfqapee ahall notify mortpayor ~f a cMnp~ in auth
~ ~mo~nt. Such wrm ahail b~ appl~ed by mortpaflee tov.ar~ tht payrr»nt of r~al prop~Ay t~xu, inaur~ntt prem:ums. •nd mortflapa ~wranty it?sur~nc~
~ Premiums.
IN WITNE55 W~IEREOf, th~ uid MORTGAGOR hp F~ereunto s~t hi~ h~nd ~nd N~I th~ d~y ~nd fint afo~e~'
~ ~,Sip~wd. SNI~d ~nd d~liwr~d In tM pr~s~nc~ of: ,
~ o er . a~ n
~ - . ~
~ -
~ - ~ ~ • ~~~n
~ ' ~ ` ~ ~ - ' - ~ R~~o? ~ _ J n hta_Z~ • ~ .(s..4
y: • ~ ~l•
i ~ ' ~~l ~ ~1.r
; STATE OF ftORIDA ~ J , • ~
" courm oF 5t . Luc i e ~ ss. f~~~~~
~ Rober-t G. Ma or a'
and
~ e.fo.. m. p..wn.uY .pp..?.d ~ : ~ ~ -
Ravola Je an Md io r ~ wH~, b~;,,~p ~nd ~ b o. ro b.
Mw indlvtdwb dMC~ib~d In a~d who ~:~eut~d th~ fwpanp trunwmnt. ~nd ~etnewl~dp~d b~fw~ m~ that tMr ~1c~N~.Qej~ fpi th~ -pu~po~N
~ r?,.,•~, .,,a,~. ~,e R a1• o la J e a n M a7 o r
~ wi+. or,i,...w Robert G. I?5a7or
t1~ a ~r~ti N~d prlv~h
~,~n?tnstbn by nw r~fun wp~r~N ~nd •p~n from hw? wW Fw~bu+d. ~du+ovvl~dp~d ?o ~nd b~fon rtr tMt aM ~a~eut~d ~atd i~et frNly ~nd vofue~
r~rily and witho~rt ~nY eomP~?blon, oaun~lnt. ~PPr~lwnNon. or fwr of w froen h~r Nld Awb~nd.
vmN~ss ~y t~.~e ,,,d ,ffw.i ...i 6 t h d~Y ~ Jan u a r y o. tv ~
~ _ .
1 i ~ , ~ + ~ !1 l
~u No~~ry P~k ~n ~nd fw tM Stab of Flaid~ ~t l~rp~
: My CoenmiuTon ~xp(rat
R~twn To:
iint F~rd S~vlnp~ a loa+ Auoci~ran Not~ry Pubfic. Stile ot Flotidi at larqr.
Oi fon v~~.c~. My Con~ssion Ez*,ires Auq. 30. 1980
;e fort Vi~rq, if0?Id~ so.a~e L~ ~~v.~u.. e_.:~r. :.~w~t
:1
11 ~iJC4~ GOUM1~r f i i " _ / .
fsC:~ER P~ITRA$ __y~/
_ This Instrumsnt Prepared By Rick "feet s ~j y-
: First Fed~rel Ssvin9s 6 loen Association - - . - : ~ ~S-~
of Fort Pierce '
Fort Pieru, Florda 33450 ~Rti ~ Q 3~ QH
~ Checked By -
~
~f .
r~.: (i f~ ~ ~'ALi ~
c~`~K
_ mp
~-k _ - - - - - - ;
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