HomeMy WebLinkAbout0012 TO pl~t~ u~d oontlnuovsly ?~tp on th~ build~np~ ~ow w M~~~hM ut~~r~ or ~~id I~nd ~nd o++ ~Ii sqwpm~m ~nd p~nona!!y tov~i~d by ~his rnpp~
p~, wi1!? p~ee~iuny tht~~on paid in full, f~r~ in~ur~nc~ in +M uw~l ~und~~d poGCy fam, in • wm ~pprowd by ~he N?ORiGAGEE. ~~d wind~ro~n~
MNw~np in tM wwl ~~and~rd pol~cp fam, in • wm ~pprov~d by ~M MOITGAGEE, k? wcA comp~ny a campuup w th~ MORTGAGEE in~y
dk~ctt ~nd dl iin a+d wind~eam inw•~nc~ PpJiCN~ on ~ny of Hid bVildinQf, My {ntH~~t thl~~in W p~tt thNp1, in t1» apy~p~~~ wm ~faNafd a
In ~aaM tAK~of. ~MII cont~in ~M u~wl u~ndud mo.tpap~ cfa,N a~uch othw cl~uw a tM Matp~ye~ m~y rpua~. ~kinp ~l,~ 1ow undK N~d po1E
~~+~d ~Y. WY~~ p~+~d MORIGAGEE as ~ts im~r~s~ m~Y ~ppNr. ~nd e~ch ~nd w..y ~uch po~~c~ •A•II b~ prompNy ~H-pn~d and d~lirK~d ~o
a~r IM~d by wid MORTGAGEE p}wtFx~ ~ttwity to u~d matpp~ dtbt, ~nd, not Isu ~han trn (10) day~ in ~d~•na of tAt ~xpir~tion ol Nth polity. ~o dF
livw b aid MORTGACsEE ~ r~newal thenol, toQ~~hN with ~ nc~~pt la tM pr~miwn ol ~uch r~n~walj and rn~n ~MII b~ ~o ~~r~ o~ winduo.m in~wanc~
p1~ad on ~np of wid bvild~r+p~. a++r i~?...,+ M.r.:n or pa,~ ~Mr.o1, u~!~u Ie H+~ fo~~n ~nd w~~h rh~ toa p~yabl~ afa~s~id~ ~nd iN tM ~vMf ~fty su~
e+ ~+o~.y e.w~w. p.y+a. w~d.. ~uch policy o~ po1K;N uid MORTGAGEE ~MII Mw rM opf~oe~ ro r~c~iv~ ~nd ~pply tM um~ on acoum o1 tM ?nd~M~d-
~NM Ntw~ hNYby or ro pltmit Nid MORTGA~RS lo rK~ivs snd uN it p any p~rt therepf !o~ olht? purpossf, w~~hOUt Ihereb/ waivin9 p~mp~ir•
M+0 ~ryr puity, !bn w ripht undM or py v~nw ol tAi~ matpp~j ~nd in ~M ~v~n~ N~d MORTGAGORS ~l+~11 fw ~ny r~awn i~il to kNp th~ ~aid prwni~ts p,
Naw~d, o~ t~Il q d~livK promp~ly sny of Nid po1K~e~ of in~ur~nc~ ~o u~d MORTGAGEE. a faif promp~ly to pay fu11y •ny pr~m~vm rMr~for or in anrj .
. rNpstt f~!! b pNlorny d»c!»rp~, ~~~cues, ~ff~ct, compl~t~, cpmply wi?h and ~bid~ by th~~ cov~n~nt, oe •ny part Ae~~of, stid MORTGAGEE m~y p~ap u+d ,
paY fa wd~ Mwranc~ p My p~A fFlfr~p} witAou~ waivinp o~ ~H~crMp aMr op~~on. lt~n. equ~ry, a.iyh~ ue~d.r a by vi?rw of ehi~ Mor~~p~. ~nd ~M
IvN ~moum oi ~ad~ ~+d ~vNy sucA p~ym~nr ~h~ll b~ imm~diat~ly dw ~»d p~y~b1~ and sMJ! b~~r intsre~t frwn tM dd~ ~Mrwf ~rn~il paW a rM aa ot
~h+~ pK arthxn p~? ~nnvn+ u+d topetM~ wifA ~~cl. i~te~ut ~?ull be ucwed by tM litn of lhis mortpp~.
1. To pNmif, coetinh ot iuffN no wa~t~, impairment o~ detK~or~tion of ~~id propaty or •ny part tMrwf.
S. To p~y ~11 ~nd ~k~pvlar th~ cous, cMrqes and e:p~nks, ~nclud~nq • r~~sonibl~ artw~ty'~ f~e and co~ts o( ~b~tr~rn of titt~, incvrrd or p~id st
u~y tims by wid MORTGAGEE. baavH a en the even~ of ~M t•ilur~ an ~h, pan of ~M aid MORTGAGOR ro duly, prwnpNy and fu11y p.rf«nn, d~+cMr~,
~s~M~. ~fhct. oompl~~~, oamplp with and ~d~ by ~+ch a~d w~ry ~h~ ~tip~lu~om, ap~e~m~nts. condi~ion~. snd cownann of Nid promiswry eab ~nd ~hi~
n+ortap~ ~ w~itl~. ~nd Nid can. tMrpp ~nd ~xp~nks. ~~th ~nd ~rrt~y. ~MII b~ imm~dfat~ly dw ~nd pay~bl~; whttl+~r a not rl~r~ b~ noeiq ~
m~ewl, att~mq ro toiMel or wM p~nd;npr and ti» full ~movnt of Hch ~nd rwry tucA payma?t ~h~11 bea. int~.~u }rom tM da~~ ~M~eol umil paid ~t the
r~tt oI niM ptr pntwn pN ~nnum; ~nd dl wid wsrs. cM~ge~ ~ed ~xp~oui ~ncuned o~ p~id, tog~ther wnh such int~!qt. ~MII ~ s~cur~d by fM IiN+ of t1~q
0. TMf In tiw ~v~et of any br~ach of thi~ Mwtyaya o? def~ult on th~ p~h of ~he MORTGAGOR, or (b) in the ~v~r~t ~ny of sa~d sums of mon~y
A~r~ln r~iNr~d lo b~ not promptly ~nd f~lly paid w~~hin tMrty (301 d~ys nex~ •i~e~ the s~m~ ~~~er~liy become due •nd pay~bte. withou~ d~m~nd ar notict.
or (y M tM ~wm ~acA ~nd ~wry th~ ~tip~l~ftoni. agr~sm~nq, conQir~on~ •nd covenanh of ~a~d promitw.y note ~nrJ ~h~s maf9a~ uiy a titl+~r no1
iuly, prompfly +nd fullY pNformed, d~achuped. ~xecut~d. ~ffected. compl~t~d, compt~ed with •nd •b~ded Sy, then in eifher o~ any a~ch ev~m th~ uid ~g
prp~T~ wn? n»mioMd in s~id promitwry noa then r~maininq unp~id. with inrerttr accrwd, and a!! raon~ys ~tcwed her~by, ah~ll E~corn~ dw ~nd p~Y
~bb (orthwith, or fMfNNN. a~ th~ option of taid 1NORTGAGEE, ai fully and tompkteiy ~s If all of the a~id swns of money wer~ o?qin~lly ~tipul~ted
~o"b~ Pdd on such day. N+1r~hiep in sa.d prom~uory non or in ~his Morty~ye ro~M comrary eotwi~hst~nd~np: ~nd ~her~upon o~ th~.~~he~ ar rM oprion o}
u1d MORTGAGEE, wifhow ~w;c~ or den»nd, wit a I~w a in ~qu~y. ~h~refon a tM?~~he. bepun, may be prw.cu~ed u if all moMy~ s~cw~d h~r~by
1f~ IIN/W!d pfqf IO i1~ iMtiTUtiOfl.
7. ih~f in tM ~vMt ihit af ti» b~gi~n~n~ of w ~t any firr~ p~ndi~,p ~ny suit upoe+ tF+i~ Mwt9p~, o. ro foree(os~ H, w to r~fonn it, w to ~nfo~p
WY~ ~~+?Y d+im+ M~ev~d~r. Hid MORiGAGEE sh~ll ~pply to the Covrt havinp jv.i~d~a~on il,ereof fa tM appanten~nt of a R~z~iwr, wch Court sMll
forthwhh ~ppoint • t~uiwr of Nid mortpay~d popeny •II ~nd ~inpul~r, indud~np •11 sr+d singular fh~ insom~, p.of~y, iput~ u~d r~w~ues fran whNevtr
wwq d~riv~d, ~ach ~nd ~v~ry of whicA, H b~inp rxpressty und~.uood, i~ h~«by morrqayed s~ if ~peuf~u!!y wt fa~h ~nd dae.ib~d In tM pnneinp ~nd
1+ab~ndwn tlavHa Mrwf. {1KI1 RKNVN ~INII Iyvf ~II 1M (XO~ •nd sifectivs luncno~~ and powers in ~nywit~ cr~trust~d by • Coun ro~ Rec~iwr. ~od
sw :i.~: .r~s ~.ka!! bs rr~-~!a by s•
:h ~~s:t :n ~...~..rd .~.,~ty •nd • rn.n., ol ~baolure ri4hf to uid MORiGAGEE, and without nftn~x~ ro th~
adpuacy w lmd~qu~cy of tM nlw of rh~ p.op~rty monpyed or to tM w;v~ncy or ;naolv~ncy ot Ntd MORTGAGOR o. rM d.f•nd.nn. and th~t such
r~nM, profi». Intan~, iNUN ~nd r~v~nut~ ~hall b~ appli~d by ~uch R~ceiv~r ~ccwd~np to th~ li~n w pvity of uid MORTGAGEE ~nd th~ pr~ctic~ of suth
Cowf.
To duly, o.o~?N .r+d fi,~y p.?to.m, dhcha.p•, execun. ~~f~, cornpl~t~, tomply wlth ~nd ~bid~ by ~~ch ~ed ~wry th~ ~tipulatton~ ~pr~nsn»,
eondktons M+d aov~nn in ~a~d promiµo~y nw• ~nd ~h:~ mo~rys9~ ur farA.
9. That tn tM ev~M tM own~nhlp of tM morryp~d pr~m~~~~, or any pan thereof. becoma wst~d In • p~?wn otMr tAan tM MORTGAGOR. tM
MORiGAGff, In wepwors ~nd ~pipm, may, wirlwu~ nerice to th~ MORTGAOA, d~al with fuch aucceuor p~uccesw. ;n imn~~t with ~~fK~r?c~ ro tha
narpp~ ~nd tM d~bt Mr~br Ncvr~d in th~ ~~„N m~nner a~ with Monppw witlw~t In any w~y v~t~~drq or d~uharyinQ tM Mort9pw~' Il~bility h~r~.
und~r o? upoe N~ d~b~ Mr~by s~cured. No ul~ of the pr~mis~~ her~by mortpp~d ~nd rw tabe~r~nor on tAf p~n oF tl+~ N10RTGAGEf or Itt wa~aon
a wlpm ~nd no ~xt~nslon of th~ timt fp tM p+ym~nt of th~ d~bt Mr~by secur~d 9iv~n by tM MORTGAGEE a ib svcpuor~ p~;pn~, ~M~I pp~r~q
b rN~a~, d'acherp~, modify thanp~ or ~f}~ct th~ wipinal Ii~b6J~ry of ~I» MORTCsAGpR F?~r~in, ~ither in wlwl~ or M p~rt.
10. It N sp~cifk~ily ~yrNd th~t Nnh it of th~ ~»~nce of thh ca+tr~ct ~nd ~hat no watw~ oi ~ny obtty~rion Mr~u~ p ei tM obttpation a~.
arr~d iwnby ihall n~ny tL+v thu~ahK b~ Mld to b~ ~ waiv~r of tM urmt hN~of w of th~ tnatrvrraM wcw~d herby. ~
' 11. In ~dd~tion tc th~ fwpo:np enomhlY payments of prinCpd ~nd im~~~~t rpuuM by th~ promiuory not~ ~ec~r~d MrebY. mortQ+pw cownanri
.r+d pr..s ro pay ~o monpp.. with ~~ch monthly paym~nt ~n ~dd;rion~l aum e~rim~ttd by mort9pe~ fo b~ ~qual fo 1~12 of tM annual cost of tM fdiwv-
+r+q:
A-All rNl p?op~~ty t~x~f bvied or u~e~sed ~y~in~t the ~bove d~sc.ibed re~l e~t~re.
d-Pr~miumt on fir~ ~nd windaorm in~urance n h~re~n r~qu~red to be unied on the ~mprovement~ s+tuete on the ~bovs descr;bed pr~mis~s,
C-Pr~miwrq on aich morfp~y~ ~wr~nry insurar~u mertpagee shaU irom r me ro f~me deem frt ro cury on the lo~n secured Mre6y.
MwtppN sl+~it from tirn~ to tirr» notify morrQi9or in writ~rq of the arreount due and p~yab}e h~iavnder and suth sum alall tMrwpon b~ dw uid
P+Y~bI~ a+ Nw dw d~t~ of th~ rn:t monthly paymenf •nd •ach tucce~iiw month rhere~fte? until mwtpsye~ shall not;fy mortyayor of a cMn~ in wch
amouM. Such ~vm~ ~hdl k» ~pplitd by monysyee tow~rd the payrrKnt of reat propsrry a:et. inw~ance prem;ums, u~d mortga~ ywrany intu?a~c~
piNnlwns. _
IN WITNESS WMEREOF, IM uid MORTGAGOR Kn he.wmo ~tt hi~ hand ~nd w~i tM d~ ~nd ~r tinl ~for~uid. ~
` Slpewd. S~+bd and v~nd in tM pru~ne~ of: f w, i,~ 'Jj,.
Y P~YELL$ HaMES INC ``r '
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~ BY ; `i c, h: : . :
Myr B anco Pres ~t ' T~
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STATE OF FLORIDA CaUNTY OF ST. LUCIE
I HEREBY CERTIFY, That on this _ ~ day of_ Februa zy A. D. 19 78
before me personally appeared MyYa Biance . ~
respectively President , _ _ _ , of
__1?1~11~$~g~ Inc ~ ~ a FloZida _ _ Corporatian, to me
4n~wn tn hw fF~P ~rennc r1Pe~rihw~ in an~ whn PYPfII}PI_I thP fnrsanninn inetnimPnt anrl ePVOr?ilv ar4nnwlwi?Pf~ ~F1P PYP-
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cution thereof to be their free act and deed as such officers for the uses and purposes therein mentioned; and that they
affixed thereto the official seal of said corporation, and the said instrument is the act and deed of said corporation.
WlTNE55 my hand and otficial seal at Fo~t Pierce ; said county and state.
FIRS? FF~ERAL SAVINGS AND LpAN , 1 °Y~~~~t /
AS.SOCIA?IQN OF FpRT PIERCE - ' ~ ~
This instruaer~t prepared tiy: Notary Public, in and f' Statdand Coun af e~ i
J. Hal ROblYtS .XI. M P Notary P•w:K, StatXot ~~iii~~ ~d~
r y Commission Ex ires:
1?;y tonm~~~.:~ E~;.ires ;u~y 2Yi,,`1~s~ ~ v~~.
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WcC~! 57 Arc:...n iai `C~7s~~~!'1 _ ~
`'~~i ~ ~
uo o EC R EG . . ~ - -
~ • woi~c~uN~r .39386$ . - ~ _ .
Checked By ~ ~f - aOCER PoitR~S , ~ _
? r~ rc~ ;~3CUIt CCU41~ . ~ : - ' -
. . , r-c,is,~~~ ' . ~ -
. H r l ,
~ F~~ 15. g sg PM'7~ ~ ...E~.~
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