HomeMy WebLinkAbout0014 To pt~a u~A con~4wa~sly k~p on ~M buiW~np~ ~ow a M~~~hM NNa1~ or ~~Dd I~nd ~nd on ali pv~p~n~m ~nd pNwn~ily covM~d by ~Ab w~at~
q~. wid? ~11 p~n+ham tMr~oe? p~~d in full, I~r~ iesur~nc~ in ~M wwl tunda~d po~isy fam, 1n •~wn ~pWowd by ~h~ MORfGAGEE. •nd w~nd~tam
imw~np M tA~ wwl ~and~.d pol~cy farn, in • sum ~pprov~d py tM M10RTGAGEE, In such canp~ny a comp~n~N ~s tM MORiGAGEE ~*aY
dindJ ~nd ~11 /N~ a+d w~arm insu~~nu polk~ on ~ny ol Nid bllild~f, My 41Nt~f1 thN~in W p~~l iMtpi, in tM app~paN ~wn ~iw~Nid ~t
M~acw IM.wf, ~MI) contain ~h~ v~w1 ~~~ndud morrp+y~ c1~us~ a such aha ctwa tM Ma~y~qe~ m+y rpua~. m~k~np ~M 1os~ u~d~. ~~d po~F
cl~s. ~+e~ ~nd ~wrv. WYabl~ a wid MORTGI?GEE a in im~r~p ~++~y ~pp~ar. and NcA N+d ~v~ry ~ucA pot~cy fhall M promp~ty ~u.9ned ~nd d~livK~d ~o
unr h~W b~r wfd MOliGAGEE funM~ kcwiry ~o w~d ma~pp~ d~bt. a~d. na Mu +h+n Nn 1101 d~ys in ~d~u~c~ of tM ~xpi~~tion of Nch po~itY. }o d?
liwr b NW MORTGAGEE ~ rMewd ~M«of, ~opuha wi~h ~ r~~p~ for tM pnn?iwn of ~uch .sn~w~lj ~nd tMr~ ~MII b~ no f'r~ a winra~arn in~www
pt~pd an ~ny o1 s~id buftAinps, ~ny inN~ht tM.~~n a part tA~noi, unl~u in tM (an~ u+d wi1A tM lou p~r~bt~ p~iw~uid~ ~nd in ~M ~wnt ~n~ ~ww
d ewmy baom~~ ayaW~ w~dM wch polky a polKi~s ~aW MORTGAaEE ~MII Mw ~M op~con a r~c~iw •nd ~ppiy tM NnN Of1 KGOVM OI tllf In~b~fd'
MN Ntw~d Mr~by a a pMmit qid MORTGAGORS ~o ~tMiw ~nd uN ft a any p~f thereo{ fw other pu,pos~f. without tMreb/ w~iv~nq a~mP+M..
feq any p~ity. INn a ripAt undK a by virtw of this moreppp ~nd io tM ~v~nr w~d MORiGAGORS ~lull (w ~ny r~awn f~il ro kMp 1M ~a~d p~~n+i~ w y
Maw~d. a iall w d~liwr pranptly ~iryr of uid poticie~ of insv~a~c~ ~o s+~d MORTGAGEE. a fail promptly to pay fully ~ny p.~mivm ther~tw a in ~ny
nsp~cl f~il b pM~am, discMrp~, ~x~cur~. ~Nec~, compl~t~. comply wirh ~rd ~bid~ by th~~ cov~n~n~, a~ny pah Mr~of, sa~d MORTGAGEE m~y p1~c~ and
WY fa such imw~nc~ w~nr pat tMreof w~thout w~Ivinp a~ff~ctlnq ~rty optiw~, li~n. ~4u~rY, w ~i9M unde. w b~ virtw oi ~hi~ Ma~pp~. •nd ~M
tull ~mount of eaA ~+d ~v~ry ~ucl? parm~nt ~h+ll b~ imm~diu~ly dw snd p~y~bb and ~ha1i b~a~ intaN~ from tl» d~t~ thK~of undl paid a~ ~M at~ ot
nirn pN untvm pN ~nnum and to~~tAn with tutA inrrrs~~ ahall b~ ~scvred by tFa lie~ of thb mwtpa~e.
1. To p~mit, oomnat a wffa no wu~~. fmpakm~nt w det~r~or~ran o/ uid propKty w~ny put therwf.
S. To pay ~II W+d ~irpular th~ cwts, chupe~ arxl ~ap~mes. ~nctudinq • r~awn~bl~ atrwn~y's fM ~nd coit~ of aMtr~cn oi fitl~, incvn~d o~ p+~d at
~ny tMn~ by wid MORTGAGEE, baww a in ~I+~ ~va?t of tM fai{ur~ on th~ pKt of t!» u~d MORTGAGOR to duly, promp~ly ~nd fu~lr P~rlwm. dnch+ry~.
u~cul~ tffM. wmpler~, oar~ph w~th and ~b~de by ~~ch ~nd w~ry tM ~tip~lnam, pr~ots, conditiar. u~d oov~nants of s~id promiupy not~ and thi~
mo~tpap~ ~ny o~ ~i~AN. and ~ud cwn. cMr~ ~nd •xp~nsn. ~~ch and ~wry. ~hall b~ Imrn~di~t~l~dw and p~y~blr, wMtMr w not tMr~ b~ norK~ d~
mand, ~nerr~pt ro coll~ct a wN p~nd~~gj and ~M full ~moum of ~acA ~~d wNy sucA p~Ymem ~MII b~a. in~K~~~ frwn tM d~tt ther~of unril p~id ~t tM
rate of niew pe~ c~ntum pM arnwm; and all Nid toit~. char9es and ~xpenus intwr~d w paid, top~tMr w~~h ~uch int~r~~L ~MII b~ sKUr~d by tM li~n o1 thi~
matpap~• .
0. Tl+at in tM ~vem of ~ny br~~ch of th~~ Mor~ppo a d~f~uh on tlr p~rt of th~ MORTGAGOR, or (b) in th~ ~v~nt ~~y of ~atd swn~ of mon~y
hK~fn r~f~rr~d ~o b~ ~ot promp~fy ~nd fu11y p~id within th,rty (30) d~y~ nexi aft~• Uu ~am~ wv~r~tty becom~ due and p~yabt~. wi~hou~ d~mand w notKS.
w W in the wem ~~ch ~nd ~v~ry tM stiputarions. ~9rKrr»nb. condtioru ~nd tovenan» of ~a~d pron+issory nw~ and th~~ mw~pp~ any or ~~tMr ~n nw
~uh, pwnptly ~nd fully pKfained, dNCharQsd. eaecu~~d. ~ffscud. compl~ted, canpl~d w~ih ae~d ~b~ded by. thM in ~~~Mr o~ any tuch ~wnf th~ said ag
prp~» apn nwntae»d in s~id promiuay ~+ot~ thtn r~maininp ~np~id. with intatst ~euwd, ~nd all mon~ys utvr~d htrtbY, ahall b~tarM dw aid p~y- ~
abN for~hwl~h, W 1FNfNhN. ~t th~ op~an of said MORTGAGEE. ~t fvlty ~nd canplN~ly q if •II of the ~aid wrru of mon~y wer~ apinally ~tipul~~ed
to b~ pn~d on ~uch day, a~y~hinp in ~~~d p~om~s~o.y not~ p irt ~hu Monpp~ to ~M contr~ry norwi~hiandinp: •nd therwpon a ther~~ftN tM op~~on oi
~sid MORTGAGEE, withovt nMic~ or dem~nd, wit at law a in eqviry, tMrtFon a tMraafter b~qun, m~y b~ prw~cvted u if ~11 mon~y~ Ncund I+s~tby
Md maf~rtd pw? to M{rnfitutqn.
7. TMt in tM ~v~nt thit at fh~ be~inn~ng of a at •ny tim~ pendirg any ~uit upon thi~ Mortyap~, o? ro fa~close it, p ro nfo~m It, p to ~nfwc~
paym~nt of ~nY d~im~ Aawndtr, s~id MORTGAGEE shall ~pply to th~ Court Mvi~+p jvriid~ction thereof fw th~ ~ppointrrknt of a Receive~, wch Ca+r~ ~MII
IwthwMh ~ppoint • nc~irN of uid eno~tpp~d properry •II ~nd ~inpul~r, includ~np all ~nd sinpu~ar tM income, prof~n, INUe~ ~nd ~swnuN from wha~~v~r
wwa d~riv~d. ~ach ~nd ~v~ry of whKA, i~ b~irq •xp~e~~ly und~r~~ood. u Mr~by nwrtyag~d if ap~c~fic~lly kt fath and dewibed ln tIM pr~ntirg ~nd
Mb~ndwe cla~sa Mnof. ~nd ~uth Rtc~ivN ahall hav~ dl tM bo~d ~nd ~ff~ctiw funcnons ~nd power~ ie+ ~~yw~H ~ntrusted by ~ Coun to ~ R~ai~~r, ~nd
wcF~ ~ppointn»m ~haii b~ m~ by such ~ouri q~r1 IGmlillO lQNity ~nd a miiiif at st,i~~~ic~ i~:.s r isid tR.."RiGACs~:, s~ •rr':il~srt n~r
:~r x s~
adpu~cy o~ in~d~quacy of tM v~tw of th~ prope.ty mo?~p~9ed w to ~M wnr~ncy w~naolvency of uid MORTGAGOR w tM d~f~nd~nn, ~nd th~t ~uch
r~nr~, profit~, Incar», iaw~ N+d rw~nw~ sM11 b~ ~ppli~d by ~uch Rec~iwr ~uordinp to th~ li~n or puity of uid MORTGAGEE Md tM practiu of such
Govrf.
To duly, wo~P~h ~nd fully p~rionn, di~ch~rp~. ex~cut~. ~H~ct, conpl~t~, oomplY wlth ~nd ~bids by Nch ~nd ~v~ry tM stipul~tion~, prNnwn»,
eonditbns ~nd eov~ewn~ in Nd p.omhwry not~ ~nd rb~s monpp~ Nt fwth.
9. Thd In tM weM tM own~nhtp of tM mortyp~d praniNt. w~ny p~rt tha~oi, b~com~~ vN»d In • p~rwn otiw+ th~n tM NIORT<iAGOR. H+~
MORTGAGEE, in eucuwws ~nd ~aipra, may, withou~ notic~ to tM MORTGAOR, dt+l with ~uch ~uccawr w ~vct~~wr in int~r~~t with nir~nu ro thq
mortpp~ ~nd ~M d~b hK~by ~cvnd in rM ~anN m~nnt. w~tA Nbrrpapor without tn ~ny w~y viti~tlnp a di~cMryinp rl+~ Mwrypon' li+bility M.?
undw a upon tM d~M Mr~by weured. No asl~ 01 the premiwt Mr~by mortpp~d ~e+d no fab~a~~no~ en th~ p~n of tM MORTGAGEE a Ih watiwr~
or a~1pn~ and no ~xqnslon oi ~M tien~ fw tM payrr~nt of th~ d~b~ Mr~by s~eund ptvw+ by tM MORTGAGEE or in weo~uon ar u~ipeM, sMll opK~b
_ ro nl~aw, diaMrp~. nadify tharq~ o~ ~ff~ct th~ oripinal Ii~b~Iity of tM MORTGAGOR Mr~ir~, ~itMr in wlwl~ or M p~tt.
10. It b sp~etfic~lly p.Nd that tlm~ n of tM esNnc~ of M4 eontr~ef ~nd tMt no wNwr ot ~ny oblip~tion Mnued~r or of tM oWtp~tion ir
cw~d lwr~by sh~ll n~ny tlm~ ther~ah~r b~ Mld to b~ ~ w~iwr of tM t~rero Mnof at of tM IrntrurtNm s~eur~d hNby.
11. In ~dditbn to th~ fwpo:rq monthlY paYm~nts of p?ir?~ p~l ~nd int~r~~t rpuind by tM pranikory no~~ ~ecur~d Mr~by, maty~pw oov~n~nb
•nd pr~ ro p~Y ro ~nonpayN wah e.eh moe~thlY paYm~nt an ~dd~r~on•1 •wn ••e~m•ad b~r enwrpap.. w b. pu•1 ro 1/12 of ri,. annual eo.r of rM follow-
A-AU r~~l prop~rty taan I~v~ed o~ aae~sed afla~n~~ the ~bov~ d~uribed re~l ~tt~te. .
b-Pr~mium~ on fir~ a~ winds~orm ~n~ur~r.c~ a~ here~n rpu~r~d ~o be carried on tM ~mprov~nwnb tituu~ on the ~bow desuib~d pr~miNS.
C-Premium• on such mortfl~se yua.~nty in~ur~r~c~ a~ mortyape~ ~hall from t~me to tim~ dt~m fit to c~rry on tM Iwn iecured Mr~by.
'i MortQ~p~e ~hall from rime ro rim~ ootify mon9~yor in writinp of tM •mount dw and p~yabb hKwnder ~nd ~uch wm ~MD MMwpon b~ dw ~nd
` payabl~ on rh~ d~e d~~• of rh~ ne:t monrhly paymenr •nd tach ~ucces~lv~ month thtreaft~r until matpape~ ah~lt norify mortyagor of ~ cMnp~ in ~uch
amount. Such ~um~ ahall b~ ~pplfed by mdrpapee tow~rd tM paym~nt of r~al prop~rty taa„, inwr~nt~ prem~wnt. ~nd mortpaq~ qunany iruur~ncy
~ pnrnlurta.
; IN WITNESS WMEREOF, tM a~~d MORIGAGOR h~~ ht.wnto t~t his h~nd ~nd p~l tM d~y ~nd ri~r fint ~fu~W.
~ Sfpiwd. S~al~d ~nd d~tlwr~d In rM pr•~anc~ of: ~`y~,~~J ~.C/~~~~~ ry
E ; l;; a l i B. _i hm? 'n ~
~ .~_rt ~n~~ 1~~ c3 r 1 F~ 7C tt~".' • ~
~ ` - , , •
~ 51ATE Of FtOR1~A ~ - `-.7 -
~ t . 1, t: C i ~ u- ' ' - _
courm o~ ~ - •
s.fw~ m. p.nooatly •pp.,..d `.?Orr ~ 1 d L• . 5chm~' 1 ~ . ~ • _
'r. n.-~ r1 a c 1<• :
i~' C~ l : r. hk wlf~. w n» wil~~fiAw~rn ~n~,k~ te m~ b
tM lndivld~~b dMUi~d !n ~nd who ~x~tut~d tFN forpoinp kuttvm~nt, and ~tkewwl~dp~d b~for~ n» that tM~t ~xKVMd tf~i M~'~. 1f~ PwP«N
~ ~ N,~ R~r. a ~'a r i ~ Schme i vun ~ • ~ . ~
,~r• o~ +t+. ..w Dc r_ 1 cj E. S ~ h m e] y u n . ww+ .,.P.r.a «,d
•x~mtnation by n» t~~n Npw~t~ ~nd ~psA fran Mr uid hu~bae~d. ~~dp~d to ~nd b~ton me tMt sM ~x~at~d wld Inatr~en~et frNly ~nd vol~rrr
~ ruilp a+d witbwr any eompubfa+, wnsrrdne, ~ppr~h~ns~on. o~ i~ar of ot from Mr a
j d hwb~nd.
WtTNe3S n,r h.nd and offki.l ..at rhi• 14 t h d~Y ~ f~ E~ r~ r~i a r y A. D. 19 7~
~ QJt.~
~ • Pv k In ~nd fw tM StaN of Fbrid~ ~t larp~
' My Canmasion ~zplr~u
Q~turn Ta.
F4N hd~rd Savl~p~ i loan Iuwcl~t7on
~ Of fort P~ac~. Itotary P~. SlaN Ot F~Otidi il 41rg~
fort P(~ru. Fbrid~ 30, j3~Q
_ },y ~O.T.:iiSS1.0 EXfl7C~
> e.»3.d i• Ac.w~:.n r•. i(.n~ah Co~y
':3
~
~3
r This (nstrument Prepered By ~Zi~'.F T~~~t ~ LLOAMO RECOROEU
K; First F~d~r~l Ssvinqs ~ loen Associetion ~~.IUCIE COUNTY F~~.
ROGER POITItAS
x= of Fort Pieres
Fon Pisres, Floride 33450 `~R. `%~~~U~T C^U. T
n~c r~
s~ '
~ ~hecksd By ~~T F~ ~ I~ 2 PM'1~ ~
~ 3938EiEi
.
~ ~ ° RK 28~: p~~E ~4
BGC,
T.,.,
1 . - ; - - - - - - - _