HomeMy WebLinkAbout0477 To pt~c~ u+d continuousiti lc+p on ~M b. ild~r+p~ ~ow a M~~~hs~ uwa~ or s~id +~nd a~d on aU ~qwp+»o~ ~nd p~.wnally cownd by ~hi~ ~t~
p4 wiM iil par?wn?s tMr~on p~~d in fuH, }ir~ in~ur~oc~ in ~M ~~wl ~i~rdud pot~cy larn. In •~wn ~ppov~d by ~M MOlTGAGEE. ~nd w~nd~taia
MMww~a tn tM wwl aanda.d poi~cy fam. In • sum appo~~d 6y ~h~ N10RTGAGEE, in such comp~ny a canpsn~~ p tl» MORTG/1GEE ~r
dinnt «+d ~11 fN~ u~d wind~rorm inwr~.~c~ polkNS on ~ny of w~d buitd~npa, ~ny InNr~~~ ~h~r~in u pa.t ~M~wf, i~ ~M pp~p~i~ w~ afa~wld or
b~xaa ~M.~of. ~MII con~tin ~M ww1 srand~rd rno~~9~ cl~uH a wcl~ aFw c1„n~ u tM MarppN r~sy •puu~. nwkino 1M fot~ ~ndK ad pd4
dM. ~ach ~nd ~w~y. MYab1~ w aid hAORTGAGEE ~s in intK~~t maY ~ppw. a++d ~aA u~d ~vtry tuch poiicy ?h.11 b. p~anpr?~ a~. y~+.d .nd d.~~~a~d ~e
~ hNd by Mid INORTGAGEE a twthN ~tcwity to ~aid mort~a~~ d~bt, ~n~1, fq1 I~N tMrt IM (10) d~y~ in ad~anc~ of ?1+~ •apir~iwn ol wch policy, ~o d?
IhM to ~aid MORiGAGEE • r~w~l tMr~of, ~o~~M? with ~ rK~ipt fp tM p~.niwn oi ~uch ~~newsl; ~nd th~ ~ha11 b~ no fN~ a windnam {eaw~u
plac~d on ~ny oi iaid b,lldlrp~, ~ny {nr~.af tM~~~n a pari rMrwf, unltN le th~ fo?m ~nd witA ~M loa p~r~bl~ a~ afw~~id~ M+d 'u+ ~M ~vM~ M+y swt+
of enoMy b~canN p~y~bl~ w+da wch potky w polici~t aid MORTGAGEE ~MII Mw tM option ro fKfiv~ and ~pply tM a~ on acco~nt o1 1M Ind~bt~
nN~ qcv:ed lw~by w q p~rmit ~aid hlpltlGAGORS to n~c~iv~ ~nd uf~ 1/ a~ny p~rt tMreof fw other purpwy. w:~houf ~ha~b~ w~ivinp w~mpair.
Mq ~nr .q~t~y. Ii~n o. rqA~ w~;.~= or by v'a~w of rhi~ morfpp.j and in tM ewe+t w~d MORTGIIGORS ~MII fw ~ny ~..wn fail ro k..p ~M ~a~d p.Mnii.~ w
N~wr~d, 0~ f~i) W d~liwt prOmplly any of Nid pol~cics of iruu~anc~ to •~~d MORTGAGEE. or fail ~omptly to p~y }ully ~ny prtmium tMr~fw a M anY
rNp~e~ f~il b pafwm, dischup~, ~x~tut~, ~ffM, COrt~PIff~, tomply wirh and ~b~d~ by th~~ tovenan~, w~ny pan h~twf, taid MORTGAGEE may p~at~ and
p+Y fa wch MM+.~ a u+y pu1 tM.~of wi~hart wafvirq w~ff~ctieq any oprion, Ih.~, pu~ry, w riph~ undN w by vi~tw of rhi~ Mwtpp~. ~nd rM
fvU ~wuet of Nch and w~ry wch paymem ahall b~ imm~di~r~y dw ~nd p~y~bi~ u~d.sMll b~u int~r„~ from th~ d~t~ d+Nwf uetil p~id ~t th~ ~at~ ol
~ pN ue~wn pw ~nrwim ~nd roye~her with sucA interest sha11 b~ ~ecw~d by tM li~n of thh mwtpq~.
1. To pKmlt, wmndt or wffa no wat~, impairmtm w daea~or~~ion of uid prop~~ty w any put ther~of.
5. To p~y ~I) and ~kpu~~r tl» cost~, cAarps~ and ~xpsn~e~, includinp • rtawewbl~ atfo~nty'~ te~ and wih of ab~r~act~ of fltle. incv~.e~! o~ paid
any tinw by ~eid MORTGJIGEE, b~caus~ or in the ~~ant o( tM f~ilw~ on ti+~ pan .of ~h~ said MORTGAGOR a duty, promp~ly ~nd fvtty p~rfwm, d~~cM.q~
~:~cvN, ~ffM. cAmpl~t~. oa++ply w~th +nd ~d~ by ~~ch and every rM ~tipula~~a~u. praerrKn», condi~iwu, and rnwnann oi ~a~d pra~~iuory nor~ u~d rlw~
wwrtpp~ ~ny a~i~ha. and ~td cntn. cRuy~~ ~nd ~:pense~. NcA ~nd ~wry, ~MU b~ imm~diately dv~ ~nd p~y~bl~: wMti+K a not tMr~ b~ r+wit~ d?
mw~d. ~»~mpt ro to11M o~ wit ~+dirpt u+d rM tull ~mount of NtA u~d tv~ry wch p~Ymtnt sAa11 bear im~r~s~ from ~M d~te tlareof vntil paid ~1 tl~
~a1t of nin~ pN c~ntum pK ~nnum; and ~If uid to~ts, tha~ge~ and expenset incurred w paid, to~ethtr wifh iucA inrarpt, ~MII b~ aecurd by tM IiM of Mq
6. Tha1 in 1M w~nt of any bre~ch of thii Mortpa~~ w default on tM part oi the MORiGAGOR, o~ (b) in tM ~vem ~ny oi u~d swns of nwney
Mnin nf~rr~d ~o b~ not promprly and fully p~id w~~hin ~I~~rty (30l days nex~ aft~r ~he •un~ s~vently become dw ~nd payable. wirhow demar~d w ~ptics,
o~ W 1n tM waN sad~ u~d swry tM stipul~tioru. ~9re~m~nts. conQitioni ~nd cov~nn of said promic?ory not~ ~~d tf?is mwtya~ any a t~~Mr ah na
~?ly, promptly snd fully pKfwmtd, d~scharped. ~aecured. ~f(ected. complered, compli~d w~~A ~nd ~C~ded by, ~i~ in e~fher or ~e?y ~ucA ~wnt tM s~id p~
pr~+h wm memior»d in ~aid promiuory nore tlKn remaininp unpa;d. wirA ;n~~r~st acuwd, ~nd a11 mon~y~ s~cvred ha~by. ~hatl b~aon» dw ~+d p~y-
~bb ~wtAwHh, Of 1FINNf1N, N tM oprion of sud MORTGAGEE, u fvlty ~nd compk?e!y a~ if all of tM uid wms of mon~y wer~ aqir?~Ily atipubtsd
w be pa~d on ~uch day. MytAinp in uid promii~ory noro w in ~hu Maryape ~o ~A~ conrr~ry notwieAi?~nd~r?p; and ehe?wpon a fhsr~~her ~t tM opuon of
~aid MORTGAGEE, without norK~ o. d~mand, wit a~ law u in ~qvity, th~r~fon a tMre~ftsr be~vn, may b~ prwecu~ed u if ~11 mon~ys s~n,r~d hK~by
Md m~fur~d p~qr to i» IMtiturion.
7. ?lw1 in tM•~wnt tMt ~t tM bpinnEny of a a1 any tim~ pemfin9 ~ny suit ~pon thi~ Mortyp~, or ro fweclow tt, o? ro nform H, p tp ~nfwcr
qynwnt of my cl~~y h~?wnder, s~id MORTGAGEE ~hall ~pply to tM Court Mvinp jurisdrct~on ther~of for tM appoin~m~nt of ~ Rsc~iwr, wd~ Cowt sMll
Iwthwlth ~ppoint a npivM of wid n+ortpp~d property ~11 ~nd sinpular, includ~np •II ~nd ~i~p y~u th~ intom~,. ~of~j~. j~~ ~~,N~N frw~n what~w~
~wwc~ d~riwd. Nth ~nd ~w~y of which. it beinp axpr~ssly und~ra~ood. u MrtbY mor?9+Dei! n i! speEific~Ny Nt fo~iH ~nd dNtrib~illn tM yr~ntinp ~nd
h~nd~rn daw~s M~wi. M~ futh RK~ivN tlNll INV! ~11 fh~ broad snd ~ff~ctiv~ funcnons ~nd powe~s in ~~~1~s.~ ~ Cou~t to ~ Reui,rp. snd
wd~ ~ppolmen~m ~hall b~ m~d~ by such Coun ~n admifted equity ~nd ~ nf~tfN of •bsolur~ ryAt t0 Nid M~RTGA
e~ wi? iau+q ~o th~
ad~qu~cy o? M+ad~quacy of tM v~lw of tM propNy mwrpped w to the ~oiv~ncy a inaoiwncy d uld I~OR~6f1G0s a~~IR~i i~i~~.~N~ th~t wch
nms, profiu. krcorM, h~w~ ~nd rw~nws ~ha!I b~ appli~d by ~ucA R~c~iv~r ~tco+d~np to ti» li~n or Wu~h? o• s+ IY~O~ 4E~E ~ .oi wch
ca?.~. ..L.. i~. . ~ ~'~"".u
A. to dvly. Pron~p?h and fully pNform, discha?p~. ex~cut~. eH~et. comP~~t~. romply wl~k'(q~abbd~.~Y ia~~ae~iv~ IM sM{ffibli~+ ~~~m~M~,
aonditiar u+d oov~r?~nt~ in wid pom4w?y not~ •nd ~h~~ rtqrty~ Nt fwtA.
9. TMt In 1ir went th~ own~?ahip of t1~ mo~t9p~d pr~m~~s~, w any parl tF~erwf, b~come~ v~st~d in • p~rwn oMw~ tA~n ths MORTGJ?GOR, tM
AWRiG/1GfE, its wccawws and usipru, ~nay, withou~ no»ce ro tM MORTGAOR, dNl wifh such wcc~ua p ~vcc~s~p~ in ;nbrNt v„ith nferMp W this
matpq~ and tly d~M h~r~by wcur~d in th~ sam~ m~~+ner p witA Mwt9apor witAow in sny w~y vitHtfnp or dncharyinp tlw Matpapor~' li~bilitp fw~
w+d~r w upo++ fM d~br Mr~by wcw~d. No Nt~ of rhe premts~~ her~by ~norryap~d ~nd ~o forb~a.~np on ~M pan of ~h~ M01tTGAGEE a N~ wa~swn
a ~alpn~ u+d no ~xt~rulw+ of tM rirr» fw rM paymen+ oi tM d~b~ Mr~b ~~cvr~d twe b tM MORTGAGEE a in woaa~on a
b rN~a~. diuMr modi Y ~ Y Msiprr. ah~ll opwalr
p~, fy d+~ns~~ or ~ff~ct th~ o~p~n~l li~b~l~~y of tM MORTGAGOR her~in, NtAsr in wAols er M p~rt.
10. It b sp~ciHully prMd that tfm~ i~ oi tM ess~nc~ of thi~ connacr aod tlut no wdwr of ~ny obllpation h~r~w~d~r a os th~ obllpstion N~
our~d Mr~by ~If st ~rry tirn~ tF~ah~r b~ h~ld ro b~ ~ w~ivK of tM bmu I+Kwf oe of tM Imtrurn~M New~d hNpy.
11. In ~dd~tion to tM tapo:rq mo~thlY paYmenr~ of princ'pd and int~rt~t rpuired bp th~ prom~Nwy nor~ secvr~d 1~~by, mortQpor oovM~n»
w~d aprNS to pay to n+o?tp~yN with ~~ch monrhly paym~nt ~n ~dd~rion~t ~um ~tt~m~t~d by morryaye~ ro b~ p~al ro t/12 of ti» ~nrwal cost of tM folbw-
Yp:
A-All ~ul pop~rty taa~t (~vied o~ sswssed again~t ~he abov~ d~uribed re~I ~shh.
6-~~~mium~ on fir~ ~nd wind~rorm inau.~nu he~c~n ~pu;red to b~ c~rrled on fh~ improv~nt~ siruate on ths ~bow desaib~d pr«niNS.
C-P~~miurm on such morfyy~ ywr~nfy insvrar.u mwtgspee ~ha11 from t~m~ to time oe~.+~ fo urry on tIw loan ttcored i~~bY.
Mwtyp~e shdl from rime to ?;,n~ nof;fy mo.~yagor ;n writ~np of th~ amount dw and p~y~bl~ F~wnde~ and tuch ~um sMll tMrwpon b~ dw ~nd
p~yabl~ on tM dw d~t~ of tM n~xt morohly p~yment •nd e~ch succn~iv~ month there~her until morfy~e~ shall notify mortpayor of a chanp~ in ~uch
amouM. Such surtu ~ha(I b~ •pplied by morr~syee +owa.d thQ psym~nt of re~f property ta~ces, irtw~antt prem:ums, ~nd mptpaQ~ wr~nty {nwr~nt~
pr~nlwm.
IN WITNESS WMEREOF, tM uid MORTGAGOR M~ he~eunto ~et hiu h~nd ~r+d Nal tM d~y sn y~r lint ~4w id.
Slpmd, SNI~d ~nd d~llv«~d tn tf+~ prK.nu of• ~
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STATE Of fIORIDA ~
~~pf ST. LUCIE
b~fa~ m~ p~non~lly ~pp~ar~d KENNE TH J. C1JMM ( NGS
~d
KA TH L E EN J. CUMM 1 N G S w~~, k~ a m. b b.
11w Indlvfdw4 dMCrib~d tn ~nd who ~x~eut~d tM foryaeg Instrum~nt. ~nd aeknawt~dp~d b~fon rr» tMt th~y ~x~w»d th~ aen~ for tM purpwp
M~.?.In •nw.~d. Md tM a.~- KA T H L F F N J_ ~1 MM 1 N G S
wH~ d tM uld - K NNE TH al CUMM 1 NC S ~
~z~m~stion by nrr uiun wp~n» ~nd ~pan from M~ said hu~b~nd. KIt110w1~~ f0 ~eld b~TOf~ fM M1ft fM ~7t~CVt~ HId IMtfVrtNllf ~f~~/ Mld 1iO11N1~
tarliy ~nd withovt ~np comp~4bn, wruu~im, ~ppr~h~mion._ot~f~r. of or fran Mr sNd hu~nd.
WtTNESS n+y h~nd •nd offkl.l ...1 thh ~ I~' d~y ANAU RY IL D. 19 ~8
« ' , a/
Not+ry Publk In f th~ St~t~ of Flotide ~t l~ta
My Commiuion i :pir~e
' R~turo Ta. fiIIi::~ ~'tlii T
Hnt F~dKd S~vlnp~ i lwn Aawciation e!1y Comr:~:;~= _ y s:.,-~
Oi fOtt Pi~rt~. brC10 fy A~,J:i , ~l. lig~
. . » _~iy ,._s~»~
Fon o1~ru, Fbrtd~ , ~
Thit (nstrument Prepared 8y J. HA L ROB E R T S, J R.
First Federsl Savin~s d~ Losn Associstion
of Fort Piarts ,~Q i~A. . .
Fort Pisru; Floride 33450 ' ~T 1 ~ ' -
~IVG~R ?O~tA~6 - . •J, ' '
-
Checksd By ~ ~ c r ~r~
RyFpR~l~~ CC~ . . . L . " _
, ~ ~
o R~ Jay 30 2 3e PH'1g .
. ~
B~QK~81 PAGE 476 3~~.~ - ' `>~w ~ ~ . ~ o~