HomeMy WebLinkAbout0719 J, io plac~ ~ed continuously k~ep on tlq buildirt9a oow or M»aha ~;twl~ or ~a~d land ~~:d on ali equ~Wnent ~nd pe~~on~lly cowred by this mwl~
p~, wilA ~1) pr~mivny the~~ pa~d in (ull, fi~e infuranc• in Ihe utu~l s~~nd~rd poliCy form, in • f~m •ppro+ed by IM MORTGAGEE. •nd win~fwm
i.www?c~ M ~M usw! uand~~d poi~cy tam, in a wm approv~d by t1w NtOitTG/IGEE, in such c«npan~ or compan~a i~ ~M MORTGAGEE inay
dw~ctj and ~II fb~ and wind~wrn? inwranc~ polic;e~ on ~ny of wid build~npf. ~ny inr~r~~~ ~hN~~n o~ yart ~ha~wf. in ~he ~yyrtyat~ ~um ~for~Nid o~
M~xows ~Mnof, ~MII contain tM v~wl st~nd~rd ma~ypM d~uN or ~uch othw claus~ ~i tM Nbr~pa9~e m~y rpucn. m~k~np rM lou undN t~~d pot~ `
ci~a. Nc6 ~nd ~vKY. psYaW~ ro uid MORTGAGFE a~ ~rs in~~rat may app~ar. •nd ~~ch ~r+d ~v~ry suc~ poi~cy ih~ll b~ promp?iy aa.yn~ u+d d~liv~red ~4 .
~ny Mld by wM N10RTCsAGEE tunM? ~~cu~ity to uiJ mor~pp~ d~bt, and, nw bu tMn ~M (10) d+ys io adwnc~ oi the txp~~~tio~ of ~ach poi~cy, ~o dM '
IivM to wid 1MORTGAGEE a r~ntwal tMrwf, ~opNAM witA • nc~~pt fw rM pr~miv~n o( ~vtA ~~new~l; ~nd ~her~ ~h~tl be r?o f~r~ or wind~~o.m inwr~nu r
p~Kw! on aey of iaid buildinpf. ~ny Imtrest tMr~in a put th~rwf. unl~u in tM foren and w;tA IM lo~~ P~yabte ai afwe~~id: and in ~h~ •v~nt ~ny ~um
o( mon~y b~cpn~~ p~y~W~ w~d~r such pollcy p polici~s Nid MORTGAGEE ~M11 h~w tM Opfipl ~O fK~iVf •nd ~ppty th~ s~m~ on ~ccount oI rM ind~bted-
n~w Ncur~d 1wr~by w?o p~rmit uid MORTGAGORS ~o ~K~iw am! uf~ tf p•ny par~ the~cof fo~ oihu p~rpous, w:~ho~t thr.ca~ wai~~ng o~ ~mpair-
inp any puity~ Ii~n p ri9ht w~d~r a by virtw of thii mortpap~; ~nd in tM ~v~n~ u~d MORTGAGORS shall fo. any rea~on f~il to ke~p fh~ ~~~d p~~mi~e~ w
(ruur~d, or t~(1 Io d~tiv~r promptly ~ny of s~id pol~ciet of intursnct to ii~d MOR1GAGfF, o~ fail promptly to pay fu11y any p~em~~m therela w in ~ny
ryp~ct I~il 1o pMiwny difch~rq~, ~atcur~, ~NM, complet~, comply wirh ~nd abid~ by ~h~• cov~n~n~, a•ny part hsreof, ss~d MGRTGAGEE R.~y pl~c~ and
paY fw ~uch Inwru~c~ a~~y part fMr~of witho~t waivinp w ~ff~cfinp a~y op~ion. ii~n, equ~ry, or ri9hr under or by virtw oi ~hi~ Mor~piQs. ~nd ~F+e .
ivll ~rnovM of Ncb and twry wch paym~nt ~hall be imm«liat~ly dw •nd pay~bl~ and sAa11 be~r (n1Nff1 f~om ~M dat~ ~hareol umil paid ~t tM rate of ~
nin~ per cMtvn~ p~r ~nnurn ~nd tog~tAer with tuch inrerest ~hall be ~ecur~d by tl» lien ot fhii morep~~.
1. To pKmH, cp+?mit ar wff~r no wast~, impairmeM or dete~io~~tion of iaid property w•ny part tAereof.
S. 1o p~y dl aod ~h?pvlar tM cost~, charpe~ ~nd exp~nse~, includiRp • rrasonabl~ attor~ey'~ fee and cos~s of abstricta o1 t~tl~, incwr~d o~ paid a~
~ny tfm~ by Nid MORTGAGEE, bK~v~ or i~ tM ~v~n~ of ~M tailu~~ on th~ p~rt of tM s~id MORTGAGOR to duly, promptly ~nd (utly pe.fwm, d~rcharg~.
~x~euN. ~I(Ki, c.KSS~at~, ooenply w~~h ~nd ~b~d~ by t+th ~nd w~ry tM ~tipul~~wns, apreem~nb, eondition~, a~d eove~~nu of s~id prom7asory not~ ar~d thii
n+onpp~ ~ny o~ ~i~M+. and ~a~d twn, t1»rpN •nd expenscs. ~uh and w~ry. ~hall b~ immcdi~tely dve ~nd payable: whethei w no~ tMr• bt notice de
m~nd, atNmpt to co11Kt o? wif p~~lin~; ~nd tM fult amount of ~~ch ~nd w~ry s~cA paymem sMll bea• inrerest f~om Ihe date thereoi until paid ~f fhe ~
.ate of nin~ ptr cr.NUm pM ~nnum: ~nd aN ~~id cosn, cha~ge~ and e~pense~ incurred o? paid, togefher w~fh such imerht. sMll b~ secur~d by th~ lien of thi~
^~orty~•
6. Th+it in the ~v~nt of ~ny br~~ch of fhi~ MortpaQe or def~~lt on tht part of the MORiGAGOR, or (b) in the event any of ia~d sum~ of money
Mnio ~~far~d ~o b~ ?at promptly and fully paid within thuty (30) d~ys oexr after the sam~ seve.ally kxcoma due ind paysble, w~~hou~ demaod w notice,
or W tn tM ~wnt ~~ch ~nd ~wry thi uipula~ions, ag~e~m~nts, co~rions and cov~nana of iaid promiiwry not~ er~ rh~i mo~tg~ge any or ~~tMr ~ro no~
~uly, prompNy ~od fully p~rfwm~d, d~xMrqed, ~xetur~d, efiectcd, compteted, compl;ed wnh and sb+ded by, then in either w eny such ewnf tht s~+d ~g
prpat~ wm mMYan~d in s~id pomiswry not~ then r~mainin~ ~~p~id, wilh interest accru~d. ~nd at1 moneys securod hereby. shall become du~ and pa~
abl~ fwthwith, o~ tMr~aft~r, ~t tM opiion of said MORTGAGEE, as fully •nd canpl~t~ly if all of ~he s~id sums of money we~~ ori9inally ~t~puleted
to b~ p~id on tuch day. ~~ythinp in ss~d promi~sary note w in thit MortqaQ~ to fh~ contr~~y notwithsund~ng: and the~eupon w thereaiter ~t tM op~~on of
a.id MORTGAGEE, wi~hout narc~ w d~mand, wit ~t law or ~n pv,ty, therefor~ p tA~re~fter beyun, may be prosecu~ed u if •11 mooey~ secured he.eby
1ud m~tur~d prior to ~n lmfit~tion.
7. TMt in tl+~ wa+t that ~t th~ b~ginninp of w ~t ~ny rirrM psndinp any suit upon rhi~ ARe,tgaye. a to fweclos~ It, o~ to rafwm it, w to enfwp
P+Y~~+1 of ~~Y d~irni hawnd~r, Nid MORTGAGEE shall apply to tM Coun h~viny ju~~sdlction tnereol for tM appo~ntmcnt pf a Receive~, wch Coun ~MII
fanhwMh ~pppint • r~iwr of ~ald mortp~p~d yopertY •0 ~nd ~in~ufar, includm9 alt and ~irqul~r th~ incom~. P.ofita, iiiue~ ~nd nvenues from whatever
wwu d~rivad, ~ach ~nd ~wry of which, it b~inp ~xprea~ty undsn~ood, i~ Mreby mo+tgaged ~s if apeufically s~t iwth and de~uib~d in tM ynntinq •nd
habMdum cl~uus htr~of, ~nd ~ud+ R~c~ivN ~MII hav~ aIl ~ht bo~d and effecriva f~ncnons snd powers in anywise entrusted by a Court to ~ Rec~iv~r, ~nd
~uch ~ppolntm~nt ~h~U b~ m~d~ by tuch Cov.r ~n ~dmitt~d equity and t rr+~tt~? of absolut~ riyh! to uid MORTGAGEE, ~nd without reier~nce ro tM
~dpu~cy w tnadpwcy oi tM v~lw of th~ p.op~rty mor~op~d or to the ~ow~ncy o. inso~vency of s~id MORTGAGOR a tha defendan», ~nd iMt such
r~nta, profit~, krcpM, bauN ~i+d rwenws ~hall b~ ~ppt;ed by such R~c~iv~r ~ccord~np to tM ti~n or ~qu~ty of a~id. MORTGAGEE and tl?~ pnctic~ of ~uch
Coun.
t. To dvly, pranptly ~nd fully pNform, di~charq~. execue~. ~ffect. conspl~t~, comply w~th and ~67ds by sach ~nd ev~ry tM stipvlations. pre~m~nt~.
' co~itiar and cov~nanh in wd promiuory nor~ and Mis morrp~g~ ie~ forth.
i
~ 9. iMt In tM w~m tM own~nhip of tF» mort9p~d p~smiit~. o? •nY pan the?eof, becomes w~ted In ~ perwn otMr tMn tM MORTGAGOR, ti,~
MO1tTGAGEE, Ms ~ucc~won ~nd auipn~, n+ay, w;rhout no~ice fo tl+~ MORTGAOR, deal wi:h such iucceuo. or successor in ints~~u witi? r~f~r~nu to thu
i mortpp~ M~d tM d~b1 AN~bp Ntur~d in tM sarrN m~nner with Mortp~Qor without in ~ny way vit;~thg q dixhar9inp tM Matypors' ii~bifity 1»rt
; und~r or upon tM d~bt Mrtby s~twed. No ~al~ of the F~~miHS hereby morfyped ~nd no forb~aranu on tM put of tM MORTGAGEE or Iri svcc~saas
f or awfpti ~nd no ~xterolon of th~ tirtw for th~ p~ymenl of th~ d~b~ Mr~by i~cvr~d piv~n by tM MORTGAGEE or iq ~ucptwn or.au;yM, ~M~~ pp~r~t~
to rN~aN. di~eM~, rtqdify dunp~ or ~ff~tt tM wip~n~I li~b~lity of tM MORTGAGOR lwnin, ~ithtr ie~ whol~ or !n p~rt.
~ 10. It 1~ sp~cifiutly ~gr~~d th~t tim~ i~ of rhe easence of thii connacy ~nd th~t no wiiver of ~ny obtip~tion h~r~vnd~r w of tM obllpation ~
~ cund hK~r sl+~ll ~t u~y tim~ th~n~frK b~ hald to be • w~ivsr oi tM terma herwf or of tM instrument ~ec~red he~by.
€ I1. In ~dditloo to fM fapo:np monshly paymenrt of print'p~l •nd Inr~.e~t rpuired by the promit~ory nor~ iecured h~reby, motfy~or cpvenanq
~ ~nd prHS to p~y to nwrfpp~ „vith ~ach monthiy payment ~n add~rion~l sum estim~ted by morrQa~ee to be equsl to 1/12 of 1ne ~nnus! tost of ths follow-
inp:
~ A-All ru! prop~rty taxe~ t~v;ed or a~~eased agat~ft the aboy~ desc.ibed resl eftete.
€ d-Pr~miums on fir~ ~nd windatorm ~nsur~nc~ as here~n .equ~red to 6e urried on the 7mprovemenes s~tuate on the •bove de~cribed premiae~. -
a
~ C-Pr~miurm on a~cF inatysge ywnnty ir~sur~r,~e es m3rtg~qee sha~l frcm Yme ro rfine deem fit to :a~ry on fhe !wn secured Ae»by.
~ MortQapM ahall from rirr» to tirrw ~otify mortg~gor in writ~ng .of th~ •mo~nr d„e and pay~ble hereunder and svch sum tMlt tnerwpon ba d~a end
P~Y+bb on tM dw d~t~ of th~ n~xt monthty payment •nd_e~ch tucceu~~e mo~th thereafter unNl mortg~gee sh~ll ~ot;fy mortgagor of e ch~nge in such
•mount. Such sum~ ~hal1 b~ ~pplied by mortqayee toward the payment of aeal p~operty rsaes, insurance prem:uma, ~nd mo~tga9e guarsnry iruurar~c~
pr~rnlums.
~ IN WITNESS WMEREOF, H+~ ~aid MORIGAGOR h~a herwnto ut hi~ h~nd ~nd ~e~l the day ~nd y~ar fint ~for~s~id.
~ S1pnd, Swfd ~nd d~livK In tM pre~nc~ of: _
~ f -
- ~1 REOOrtOFp ~-z.r~ ~ ~ rc.~~
s~'~c,~ caum, F~..,.
R~CfR POR~S 1~rT101C~ BBSI p~ (S~ap
p ERk ~IRCUlT COU p T~~~ q
f ~ , 1ra~:~Ep~~ - -t _ _
L _ _ ~
~
`F SiATE Of FLORtOA ~ 3 a2 PH ~T~ aura B. Baslow
~ counm oF St . Lur i.P ~ '~~~~b
¢ e.fa. m. P...«unY .PP.u.a Arnold Bas 1 p~ .~a
~ T.3lLr8 B. B2SZOW hi~ wlft, ro rru w~l! known and known to me to b~
a rM tndlvldwh dacrfb~d In and wFa ~a~cut~d rh~ fwpoinp inatrum~nt. ~r?d ~cknowltdp~d befor~ rr» tMt rMy ~xecur~d tM sunt for tM purpw~~
rMr~ln ~xp~~d. Md Nw u~d- T Sb1~a-~¦ ~&S~AW
' w11~ ot tfi~ ~afd vpcn • wparat~ ~nd p~tv~t~
•x~mination by rrw t~k~n s~p~r~t~ ~nd •pan rom h~r uT usb~.`d, ~cknowldp~d ro~nd b~fw~ n» tAat sM executad taid (n~trument frNly and vdw~•
r r~rily ~nd witho~t ~Mr compul~io~, coron~int, ~ppr~F?~n~,on, or f~ar of or fron? Fwr uid Au~nd.
~ WITNESS my Mnd ~nd oHki~l N~I thh iR da ~ December A. D. 19 77
Y
r--
-.~_,~'~z
` N Publk in ~nd fw tM Stat~ of Flwid~ ~t 4~
t MY .xa.~ ~ a
~ R~turn 1a
' Flm F~dwd Savlnps a lun /usoct•t~on ltotiry P~blic. St~;c o~ floriaa at lir~
- of Fon P;•~c.. ~y ~om+~+issioa f~ejiues Dec. i960 .
Forr Pr•ru, F!alda ~~,~.po.~ f~n A S+!~~ ~~'o'~ ~
, • ~
Richard K. Kayes . ~
Thit Instrument Propared 8y
First Fed~rsl Savinp~ b Loen Association i••
s of Fort Piera - . ,
~ Fort Pisrce, Florida 33450 `
` Op
checked 8y ~ - bp BQpK~~ t;bGf
;