HomeMy WebLinkAbout0016 To pl~c~ ~~+d con~lnuously k~~p on ~M build~~,p~ now a M~~~h.r aw•a or ~•d ~•~d ..~d o~ •u .q~~~~ •~d p..w~+.uy w~•~.d by ~hu map~
q~, wilh ~11 prMtivey tM~wn p~~d in fvll, fi~~ in~ur~nt~ ~n ~M wu~l ~r~rd~rd polKy fw~n. in •~um ~pprov~d by th~ MpRiGAGEE. ~nd wind~lpm
In~wu~n M rM wwl nu+d~rd po~~cy lam, in •~uT ~pp~o~~d by ~M MORTGAGEE, in ?ucA canpany a companiM ~a ~M MORiGAGEE iw+y
dinctj ~~d dl fk~ and wie?d~rorm ~e+wranu poiKH~ on ~ny ol s~id buildw+p~. ~ny inr~r~~t ?F~~in w p~N ~h~r~of. irf tly ~~~~Q~ff WT i}WfNid p
In uc~ tMrqf, ~!w!1 con~~w? ~M viwt uu~dwd mat9p» cl~uN a iuch o~ha c1~uN a ~h~ Ma~9apN n~y rpu~rw m~ki~,p ~M 1ow ur~r ~a~d po14 ~
cia. eaA ~nd ~w.y. Wr+bb ro w~d MORIGAGEE a~h ie~aea ~nar +DP!w. ~nd ~ac~ ~nd w~ry wc6 potky shall b~ p~wnptiy ~st•yntd a~+d d~Gv~r~d ~o
•n~ IrW by s.rd Iwp4fGAGEE a(w~M. s.e~riN ro wid mo.eyp. d.bt, and, not !~N than Ne? 1101 days ln ~dY~nq oi ~h~ •api~a~ion of ~aeh poliey. ro dr
liv« ro ~aW MORTGAGEE ~ r~w~l tl+Kwf, top~~F+N witl~ • r~c~ip~ fw ~M pr~miwn oi ~uch r~wal; Md Mtr~ ~Aall b~ no fw~ o~ wie~duarn 4rwaeq
p1~ud on w~y o! Nid buildirqs, ~nr I~~~.~a~ N?~r~in w p~rt tMr~of, vnt~ In tM fam ~nd witA tM tou p~rsb?~ p•fw~aidt and in th~ ~r~n? ~ny win
o~ ~*a~Y b~con~ p~y+b1~ vn~ier ~uch policy a pdK~s uid MORTGAGEE ~MII Mw ~M optan a r~cNw ~nd ~pp1y ~M MnN p1 KCOUnf Of NN in~bi~
MN NNf~ Ml~by W b pNR~it wid MORTGAGORS 10 ~euiv~ ~nd uN it a•ny psrt th~reof Iw o~her purpos~s. w~~ho~t the•eb~ wafvi~~ w~mp~ir-
inp My p~iry, li~n or rip~t ~ndp p by virew o( thi~ morrpsp~j and in tM ~wn~ N;d MORTGAGORS ~ha11 fa ~ey r~~wn hil to k~ip tM N~d pr«niN~ w,
Inwnd, or t~fl b delivN promptly ~ny of s~id pol~ci~s ot inwr~nc~ to ~~id MORTGAGEE. w f.~1 p.omP~:Y ro paY fully any pr~mium tM~~fw or i~ any
r~sp~et f~ll b p~r~w~n, dixhap~, ~xecue~. ~ff~a. eomplet~. eomply w~rA w~d ~b~ by th~s cov~n~nt, o~ •ny part ~e~~of. i~~d MORTGAGEE may plic~ •~+d
WY ~a such tnaw+nc~ or ~ny pah tMr~of wifhoW w~ivinp a ~ffMinp ~e?y optio~, 4a+, equiry. or ~ipM und~. a by virtw of ~hi~ Matpap~, and the'
full ~mount of ~ach ~nd wKy such paymem ~hall b~ imm~di~tNy dw ~nd p~yabl~ ~nd ~MII b~a~ G+t~r~~t fran th~ dat~ fAtflO~ until p~id at ~M r~t~ ol
nir» pK c~ntum p~r ~nnu+n ~nd ?oqe~Aei wi~h such inte~ss? sh~ll bt i~cured by ?M li~n of this mwtQ~~.
1. To pam:?, eomndt a+uff~r no waia, impairm~e?t or dtt~~ior~tion oi s~id prop~rty p~ny pu1 Iher~of.
S. To naY ~II ~nd ~inpulM th~ costs. cM?qes and txp~nN~, inciudinp • r~awn~bl~ atfom~y'~ fk u,d cosr~ oF ab~trads of ~itt~. incur.~d a paid ~t
•ny tim~ by uid MpRiGAGEE. ~CaYN OI 111 tM ~vM) OI tM (~~iw~ on th~ part of tM s~id MORiGAGOR b dufy, promptly u~d fulfy pNfwrn, dncha+y~.
~x~eut~, ttf~ef. epnpkt~ eon,ply w,fh ~nd ~b;d~ by ~~eh ~nd w~ry tM ~tipul~hoea, pree.rwnrs, eondition~, ~~d eov~nann of wid pomiitory ~ot~ ~nd ~hi~
^'wtpW~ ~nY or ~irh~r, and ~a~d ewh, cMr~„ ~nd ~xp~nse~. ~~ch ~nd ~wry. ~F+atl b~ imm~di~t~ly dw ~~d pay~bb: wherher a not ~Mr~ b~ no~K~ ds
msnd, atremp~ ro coliM o~ wn p~nd~npj and rM fuN amovne of exA ~nd twry s~rtA payment fh~ll bear ;m~reu fran ~M d~~e eh~rwf un~il p~id u ehe
rate o( nin~ p~r centum pN ~nnvm; •nd all ~~id tosts, cMrges ~nd sap~n~es incwred or paid. 1op~tMr w~th uxh i~Mre~t, aM{) b~ secur~d by tFk li~n of thu
^~ro+~• '
b. That (a} in the ~v~nt of My breach ot thi: Mwryay~ or d~f~ult on th~ pa?t of ths NIORiGAGOR, or (b) in ths evMt ~ny of s~~d sums of enoney
Mr~in nfNr~d to b~ ewt p~omptly .r,d }~tti a~d wi~h~n M~~ty (30) daY~ ntx~ ~ftN tM s~me ~~v~r~lly b~come dw ~nd pay~ble. without dem~nd a notic~.
o? (c) tn tM wem e+ch ~nd ~wry tM stipul~tiau. ~gre~m~nn. con~»on• .nd co~.n.nn of a~~d promiuuy noa ~nd tA~s mw?pp~ ~ny a~~th~a sr~ nw
iuly, pomptly ~nd fully q.fwm~d, d~icMryed. ~xecuted, ~ffected, compl~t~d, canpl~ed witA and ~b~d~d Sy. tFwn in ~~~her w~ny ~uch ~v~nt th~ u~d a~
p~p~t~ wm m~mion~d in ~~id promiswry noq then remaininp unp~id. with ifliHfN KC~Wd. ~M~ •II morwy~ ~tcur~d F?erebY. aMII Moo~» dw and p~y-
~b1~ iwthwith, w rlw~~h~r, •r rFw oprion o( ~a~d MORiGAGEE, u fvlly and compbr~ly if all of tM said wms of mo~ey wer~ wgiMtly pipul~ted
to b~ p~cd on sucA day. ~nythin~ i~ s~;d prom~uory note a in tha lMonp~~e to tM cont.~ry norwi~hs~~nd~np; and therwpon w tF~er~afte~ n tM op~~on of
~~id MORTGAGEE, witFavt notic~ p d~mand, suit at law a in pvity. tlx~dw~ a tMr~~h~r b~pun, m~y be pros~tuted ~s if ~11 mon~~n s~cvr~d !?Neby
had mawr~d prwr ro i» irntilvlian.
7. iM~ in tM ~v~nt ~h~t ~t fh~ bpinnin9 of o~ ~t •ny tim~ p~ndinp any ~uit vpon thia Mo.tgay~. a to faatloN It, a b r~for~n it, a fo ~nfaa
R~Y^KM af +~Y cl+im~ M?wnder, s~id MORTGAGEE shafl ~pply to tM Coun havinp juri~diction therwf for ~M •ppointment of • RecNwr, wch Cow~ ~hall
Forthwlth ~ppoinl ~ r~csivN of uid mortpay~d propertY •II •nd ~input~r. includ~np ~II ~nd ~inpul~r fM incom~, profi~s. i~aw~ ~nd nwnwf fran wMNv~r
wu~p Mrired. ~Kh and tvMr of whtch, it bcinp •xpr~ssty undera~ood. i~ I,tr~by mwtgaged ~f if ~pecific~lly ~tt forth u+d de~crib~d in tM p~anrinp ~nd
Mb~ndwn dwse~ h~r~oi~ ~f1d ~tKA RK~ivN tF11N INV~ ~II 1}It ~pad anfJ ~ff~a;r~ fivntt~ons ~nd pow~n in ~nyw~s~ entrwt~d by • CouM to a Rec~iw?, ~nd
WCh ~~OlMf11~M t11~~t O~ fMC~ ~y ~tl(11 ~,OUIi af ~f1 it~Tiiifa lquity ii~ i niY~ ti~ iu36~ViE ::y~:t t3 i3~ ~Q'~T~~r~~ y~fAer.~ r~1~r~r~~ b fFr
~d~q~Mr w kwdtquacy oi th~ w!w of rM p.op~.ry mo.~payed o. to the w~v~~+cy a imo~v~ncy of s~~d MORTGAGOR w tM d~f~ndartn, ~nd tha such
r~nn, profit~. Incoi+w, is~uH ~nd r~v~nw~ ~hatl b~ ~ppl~~d by ~uch R~uiv~r ~uwdinp to tM Ii~n or puity of uid MORTGAGEE ~nd tM pr~ctic~ ot such
Court.
To dvly. pranptly and fulfy pNforn,, di~charp~. ~,~KUt~. ~ff~ct, comp~~t~, comply with ~nd ~bid~ by NcA ~~+d ~v~ry tM sttpulatia?~, p?Nm~nts,
conditlon~ and coven~nts in w~d promi~wry not~ •nd Ih~s matyy~ p~ fath. _
9. TMt In tM wem ti» own~rihtp d tiw mortyay~d pnmi~a. a•ny paN th~r~oi. b~eom~~ vN»d !n ~ p~rwn oeMr tMn t1r MORTGAGOR, tl,~
MpRiGAGEE, ks succ~ora ~nd u~~pn~, may, wi~Aovr noi~c~ to tM MORTGAOR. d~al witA ~uch tucc~uor or wcc~~wr in inhrNt with ~~(~r~ to My
morfpap~ ~nd tM d~b1 /~tby stcw~d In t?» s~m~ m~nner with Mwtpyo~ without in ~ny w~y viti~tlnp w dixMr~irq tM Mortppo~~' U~Wlity i»n~
und~r a upo~ tM d~b~ Mr~by wcwed. No a~1~ of th~ pr~mis~f h~r~by mwt~p~d ~nd no fab~ar~na en tM pah of ~M MORTGAGEE or It~ ~va~~wn
a wtpna ~nd no ~xfenston ot th~ rim~ fa rA. p.~m.nt of rM d.br Iw..py ~~cw~d plwn b~r tA~ MORTGAGfE a in ~ucauon a~wip+r. sMll op~r~t~
~o r~ba~, d~eMrp~. modify ehanp~ o. ~ffM tM wiy~n~l liab~l~ry of tM MORTGAGOR h~r~iey ~ith~r in wlwl~ a M put.
10. It b~p~eifiedly prMd tMt tin» h of tM ess~ne~ of thf~ eomr~et ~nd tMt no walwr oi ae~r oblfp~t;on AK~ or o} th~ ootbation k
ar~d Fwnby ~hall ~t ~ny fkn~ th~n~hw b~ fald to b~ ~ w~ivN of tM tMnr Mrwf o? of tM Irotrum~nt wcund h~rby. "
1 i. In ~ddition to tlw fwpo:np monrhf~ piymenr~ of princ'pal ~fld ~+1?KNt rpvi~~d by tM promiaory oot~ iecur~d iNnby, mortpspw cov~n~n~
and ~yrNf to p~y to mottp~pk with ~~th monthly paym~nt ~n ~dd~e;onal ~um Nt~m~qd by mw~ppe~ to b~ pu~l w 1/12 of th~ ~nnwl eat of th~ follow-
~^p~
A-A(I red prop~rty taxn t~v~ed w a~~essed ~q~~~~t the •bov~ d~u~ibed ruf ~tr~t~_
8-P~~mivmi on f;r~ ~nd windttorm in~ur~nc~ a~ Mroin requ;red to b~ u~ried on tA~ improv~nt~ •;tv~te on tM ~bov~ de~cribed pr~rni~t,
C-Premiums on such mwtg~y~ yuar~nty ins~r~r.c~ ~s morrypN sAall from t~rrK to ~tm~ de~m fh ~o c~rry on the Iwn secur~d Mrtby.
Mo.typ~e ahall from time to t~me no?~fy mortyapor i~ wr:r~np o1 th~ ~mount d.r~ ~nd payabl~ M~wnde. ~nd tuch ~um ah~ll thsrwpon b~ du~ ~nd
pay~bt~ o~ rh~ dus dar~ of rh• ne,cr monfhly paymeni ~nd esch iucceui,r~ monfA tMre~fr~r until mortpa~e~ ihall notify mortyayor of a cMe~p~ in avch
amount. S~ch sum~ ahall ~~pplied by mwty~flee tow~rd tF~e p~yment of r~al p~pp~rty t~:~~. inaur~rK~ pre ' lnd mo~typ~ pwr~rtty insur~e~
pr~mfYTl. -
/
fN WliNFSS WHERFOF, th~ a~id MORTGAGOR h~s herwnto t~t his Aand ~nd Nal tM day u+d r-H ~ , ~
Sfpewd. S~akd ~nd d~llv~r~d in tM pr~a~ne~ of: _
' n
~c~n r~me n
- ~ f~
. , !a ene . . ~
PTi - • ~i
STATE Of FIORID~i • ~ j ~ . _ .
_ 1 . _ .
~ ~
couNrr of SL . Luca~~i - _
Kc nci~-? 1 1 JF~ro~c~ All~n
d~sw. n» p.rwoally ~pp~.~.d •
~ta r 1 enE• I.. A l l c~n hb wif~, to ,,,,.n k;ww„'.,,d m e.
rM Indhtdwb duatb~d tn M,d who ~x~cw~d tM forpoirp ln~rrw+»nt, ~nd ~cknowt~ ~d Mfon n» tlw~ fMy ~s~t~ ~ ~M? .Wp?'tat•~~PwPaN
N+.?.tn .:p..s..d. ~?ne tt+. 1~i a r 1~3 n e L. A 1 1 e n s=:. ~y .
wr~. or,~,. s.w hendal l Jerom~ Al len
•x~n?Ination bp en~ tafun Npsr~t~ ~rsd ~pan from Mr ~~1d husb~nd, aeknowl~dp~d to ~nd b~fw~ nr tMt ~M ~a~tut~d N1d Mstrvn~nt MNr w+d vok~
r~•~ly ud without ~ny compul~lo~, con~rr~int, ~ppnh~mion. w f~u of or fran F~ Mid husb~nd.
wrtNESS my h.nd .nd otfk~d ...t thr. 1`~ t h d~Y ~ FE~h r u a r a. 29 7R
Nor.ry ublk t nd tM Sr~» of Fto.lda at Lwp~
R~tvrn Ta. N?Y CaM?i~sion ~np n~e
Ftrst F~~1 Swinp~ i lo~n A~wciation
O/ fort P~~rc~.
Fon ?t•~u. Fto.td. N.Mr..y Pi:~Iic, :!at? o! fl~~ida st la:qa
M~y Co:rrus:ie:~ Ez;.~:~ts ".nq. 30, 198Q
~w.e~o i~ A.c. <.w f.• ~ G~~wtti :e.w~r
This Instrument Prepared By Ga r y i~ . EI ] wciji
Firit Ftderel Sevin9t 6 Loan Astociation fILED AN~ RECOk0E0
of Fo~t Pieres ST. ~UCIE COUNTII F~~.
Fort Pisrce, Florida 33450 F4GE~ POtTa~S
x ".3CUIT COllRT ,
Checked By ` . - ~c~c~
fiG~M ~(J~ PACE 16 ~EP ( 5 3 0~ PN ~~0
. °~~Wv ~
fi~)
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