HomeMy WebLinkAbout0028 3. Te p1~u and conrinuou~ly t~p on ~M bui!d~nps now w Mr~~f~p uw~t~ or ~~id I~nd ~nd on ~11 ~quipm~o? ~nd pNwi+ally tova~d by 1lu~ uwrt0-
~p~, with dl pan~v~ ~Mrwn p~~d ~n lull, Hn Msvnnc~ 1n ~M vw~l a.,d•~d poik~ Iwm. in • wm ~ppo.~d by ~M MORtGAGEE. ~nd wind~~am
kww~nc~ M ~M uw~l ~~~nd~?d po1Ky fam, in ••um •pprovd b~ ~M MORIWGEE. in wch con+panv a comp~~~M w tM MORiGAGEE i~+y
d'v~c~t ~nd •11 fk~ ~nd w~arm inwr~nc~ poE~u~~ on ~ey cl N~d buiidn+pt, My inqr~s~ d+a~in or pat tMr~ol, in ~M spqre~a~ wm alaaaid a
In ~aaa ~hN~of. ~MII cont~in tM uswl ~~and•rd ~nonpaqN cl~uN w s~d? o~hp d~v~ ~M Mw~p~yN m~y ~~quu~. en~tinp rh~ lou ~~~d po~F
dN, NcA ~nd ~vMy. paY~bl~ ro Nid N?ORTGAGEE it~ in~N~nt may ~pp~ar, ~nd ~ach w+d ~v~ry ~ucA po~~cy ~hall b~ promp+lY u~~yn~d ~nd d~1~vNed ?o
~ey Mld by Nid MORTGAGEE a furtMr ~ecurity ~o s~~d rnw~p+p~ d~b~, ~nd. +a~ 1~+~ th~n an (10) dayt 1~ ad~~nc~ ot ~M •xpir~tan ol ~~ch policy. 1o d~ -
liwr to aid MORTGAGEE • r~ww~l tMreof, ~op~~l+K with ~~~c~~pt fw ~M p~~ium of ~uch .~n~w~l~ ~nd th~r~ ~MII b~ no fu~ or wtnM~ain In~w~+w
plapd an ~nr of t~id bvildiep~. ~f1y {f11Nf~1 1Alf~ifl Ot p~il ~Iwrwf~ Y~1IfN In th~ form ~nd wi~h tM lou p~y~bl~ ~a •la~uid~ a+d in ~h~ ~wnt ~nr we?
01 nwMr b.ca+»~ Psr•b1. w~d~. •uch po~icy w poGc~•~ ~•id MORTGAGEE ~h•tl Mw rM opian ro nc~iv~ ~nd ~pply tM wnN on accoun~ of tM lnd~bt~
n~w wcu~~d 1»r~by a w pHmit u~d MORTGAGORS ro.ece~w •nd uN it p•ny ps~1 tMreo) tw o~her purpa+e~. wi~ln~t fhereb~ waivi~ty a~mpair-
inp ~n~ pu~ty, li~n a rpht ur~ or by virtu~ of t1w mortpp~t ~~d in ~M ~v~nt w~d MORiGAGORS flull (or ae?y r~awn (ail to tNp tM ~a~d pranis~• w
fnavr~d. a i~il w Q~I~vtr pranptty ~ny of H1d E)OIKilf OI in~v~~~c~ ro a~d MORTGAGEE. w fait promp~ly to paY tully ~ny p~smium thsr~la or in an~
r~~p~ct f~il b pafan?, d~xMry~, ~ItKYt~. ~ifect, tanpt~t~, tomply with ~nd ~bid~ by thi~ cov~n~nt, p any p~rt her~of, ~~id MORTGAGEE m~y p~~t~ •nd
paY fa ~uth Imw~nt~ a any put th~r~of withwrl waivirp ot affecfinp ~ny option, IIM. puity, or ripM und~. w by virtw of thit Mor~9~p~. ~nd fM •
full ~mov~? of Nch and ~v~ry ~uch p~yma,t ~MII b~ immed~~t~ly dw •nd p+Y~bb ~nd ~MII b~ar int~r~q from tM d~~~ tMrwf un~{I p~id a~ tM ra~e o1
nin~ pN c~ntum pa ~~num ~nd ~og~tAer with tuch interest ~hall be ~ecur~d by rM lien of thN mwtp~yt.
1. To p~renit. eommh or ~ufia no wast~. impairment a d~terior~tion of said p~op~rty or ~ny puf ther~of.
5. 1o p~y ~11 ~nd ~{np~lu rM coits. cMrpe~ and exp~nses, includinp ~ r~aw~bl~ ~ttorn~y'~ ie~ and cos~a ot ~bstrad~ of titls. inc~~r~d w p~id ~t
~ny tYrN by ud AAORTGAGEE, b~c~us~ or in ti» ~v~nt of ~M iailun on tM p~„ o~ tM uid MORTGAGOR to duly, promptly +nd fu11y p~r(orm, d~schar9~•
~:~tut~. ~(hct. complet~. eomDly wui~ ~~d ~b;d~ by ~ach and ~wry thi ~tipul~t~or+~, p?e~rn~nn. condit~om. ~nd cov~n~nn oi sa~d promiswry noh and lhlf
inptyp~ ~ny w~~tM+. ~nd w~d cwn. charqq •nd •xpensss. ~ach ~nd twry, ah~p b~ immedi~t~ly dw •nd pay~bl~: wMtM~ a not tMr~ bt no~Ke d?
enand, ~tt~mp~ ro coll~ct a wif p~ndinqj ~nd tM tull ~moum of ~ach and wNy tuth paymtnt ~MII be+r i~r~r~~~ Irom fhe dat~ thtrwt umil paid ~t tl~
rat~ of nin~ ptr ctntum pK ~nnum: and all ~~id cott~, charges and ~xpt~ses incurred or paid. IogNAer with fuch int~rN1. ~MII b~ ucur~d by tM li~n o/ thi~
mortpap~.
6. Th.~ in tht ~v~nf of ~ny breach of this Mwty~~ o? d~f~vlt on tir p~rt of rhe MORiGnGOR, a(b) ~n ~hs •~en~ •ny of u~d ~~ms of mone~
},K~i~ r~hrnd ~o b~ no~ p.omp+ly ~nd fuuy pa~d wuh~n ~h,~~y l30) d~ys ee,~+ ~fre. the ~~m~ ~ev~~~tly become dw a~d p+yabl~, w~~houi dan~nd oe no~ice.
or (c) in rM ~vent each and ~v~.y f!» ~tipul~ti«u. a9teem~nt~. tor.~itiont ~nd CovMant~ of a+~d promi~wry not~ end ~h~~ mo~tqpe u~y w~i~her ~r~ na .
~,ly, promDrly and tully pe~fo~med, d~xharyed. ~xecurcd, effsc~~d. compl~f~d. compli~d wi~h •nd ~b~ded by. ~Mn in ei~her a any ~uch ~v~M tM s~~d ~g
prpat~ wm mentar?~d in a~id promiswry rat~ then rsmainiay ~np~id, with inter~it Kuued, ~~d a11 mon~yf tKUred Mreby. ~MII bKOm~ dw ~~d pay-
abl~ fathwi~h, or ~Mr~~ft~r, u ~M ops~on of said MORTGAGEE, fu11y ~nd compt~uly ~a if ~11 0( rl,~ uid wm~ of money we.~ wiy~n~fly suput~ud
to b~ p~~d on ~uch d~y. anythinp in u;d p?omi~sory nore a in thn Mony~pe to tM contruy notwirh~tsnd~~q: ~nd ~herwpon or ~here~fte~ ~r ~M opt~a? of
uid MORTGAGEE. r?ithout noric~ p dem~nd. ~uit at taw or in puity, tMrefw~ w tMre~frN beyun, m~y bt pro~etuted if dl moeNy~ Ncvr~d hereby
Md matw~d pa~ to ~n trotitu~an.
7. TM~ in tM ev~nt that ~t tM begcr+n~np of w ~t •ny t~rn~ pendinp anY t~il upon thi~ Matg+p~, a ro fwecloN It, a w r~fwm it, a to Mforq
pa~ment of ~~y cl~ims MrwndN, a~~d MORTGAGEE ~hdt apply to rh~ Coun havinq juri~drc~ion thcr~of 1a tM appa~tm~nt of ~ R~c~iwt, auch Covrt shall
Fw~hwitR ~ppoint a r~c~ivtr of uid morrpa9~d proper~y ~U •nd unyut~., includ~ny NI ~nd ~~npuia tM incom~, p~ofit~. iuwi ~nd ~w~nws f?om wA~t~va
wwc~ dai~~d. ~~ch and ~v~ry oi whKh, i~ beinp expre»ty und~ruood. i~ her~bY ma~9+yed if ~pec~i~c~lly Nt fath and d~wib~d in tM yr~nrirp ~nd
Mb+ndun+ cbv~ Mrwf, ~nd ~uch R~c~ivN ~MII Mv~ ~fl ~he brwd •nd ~fiectiw functwm and powere in anywi~• en~r„sad b~ • Coun ro• Receiv~., a~d
...rti ~~+po:~~nrnr •h•11 b~ m~d~ br ~uch Court ~n ~dmitted e4uitv ~~+d • erutt~r of •b?olut~ riyhl to Nfd MORTGAGEE, ~nd withovt nf~r~nt~ ro tM
~dpu~ty or Inadpwcy of ~h~ v~lw of properry mortp~qed w to tM wiwncy a inwtvency of ~~id MORTGAGOR o~ tM d~fsnd~M~, ~nd tMt ~uch
r~ne~, profib, Incom~, iuw~ ~nd r~vawn ~?I b~ ~pptted by sucF+ R~c~~wr ~ccwdinp to tM U~n w puity of a~id MORTGAGEE ~nd tM practiu of ~uch
GouA.
e. To d~rly. pranptly ~nd f~lly pMio~m. di~cturp~. ~Y~cuq. ~if~ct. compl~t~, canply wlth and ~bid~ by ~ach ~nd ~wry th~ nipul~tiony pr~mN?».
oa+ditbm ~nd cov~n~nb in w~d promi~wry nor~ ~~d this mortpp~ ~~t ~atA.
9. That In th~ ~v~m tM own~nhtp of tM mortp~p~d pr~m~N~, a•n~ p~rt tMr~of, b~cams ws»d i~ a p~rwn otMr than tM N10RTGAGOR. tM
MORTGAGEE. IM wcu~w?s ~nd asipn~, may, withovt ra~ice to t!r MORTGAOR. d~N wi~h ~uch wu~ua w succ~~wr in int~r~~t wi~A r~(a~nc~ to thia
mortyp~ and fM d~M Mr~by ~ecw~d in th~ ~am~ mannN with /Mortppa witho~t tn ~ny w~y vit~~tlnp or dixMryinp tM Mortppar~' IbWlity Mr~-
und~~ p uppn Ny d~pt h~r~by Mewtd_ No ~~I~ ol tM pr~miMS Mr~br mwtyp~d u?d no fwbNana en eM p~n of tIN MORiGAGEE a It~ wee~uon
or awiqrr ~nd no ~xr«ubn of ~h~ ~im~ fw tM paym~nt of tM d~bt Mnby ~~cur~d piwn by tM MORTGAGEE or in svcaa~on o? u~ipn~, ~l+~tl opM~»
ro?N~aw, di~cMrp~, modify ch+np~ a~ff~ct th~ wipin~I ti~b~lity of tM MORTGAGOR Mr~in, ~itMr i~ wlwl~ w 1~ put.
10. It b~fkNly ayr~ed rlut ttm~ i~ of tM ea~nc~ of thu connact ~nd tM~ no wdwr of any oblq~tan Mr~r w of tM obllp~Non ~r
cur~d h~r~ sh~ll ~t ~ny tkn~ thtre~h~r b~ luld to b~ • waiv~r of tM brm~ Mr~of a of tM Irutrum~nt Ncur~d M?by.
11. In ~dddfion to rM fapo:ny monthly paymenrs of princ'p~l ar+d Int~r~~t r~q~ir~d by tM promiuory nol~ ~etur~d Mr~6y, matypo~ tOV~n~nf~
~nd pr~ ro p~y to mor~p~yee wi~h ~~ch mon~h~y p~ym.~nt ~n ~dd~~~onal ~um ~~r~m~hd by enwtpp~~ to b~ pu~l to 1/12 of ~M ~nnwl cw~ of tM folbw-
tnp:
A-All re~l prop~rty t~xa I~v~ed o~ u~e~sed ~p+~~~t the ~bov~ d~~uibed re~l qt~tt.
6-Pr~mium~ on fin •nd windsrorm infurarc~ ~s h~rein rpu:r~d ro be curied on the improv~rMntt ~itu~te cn ths ~bove dsscribed pr~misM.
C-Pr~miumt on ~uch mortg~ye 9uar~nty insur~nt~ mortpape~ ~ha~l from t:mt ro time detm fit to c~rry on 1h~ b~n secur~d Mreby.
MortyspN ~hall from rirrK to t~m~ notify morts~por in wrif~np of tF+~ ~mouM du~ and p~y~b~~ Mrwnder ~nd ~uth ~um shall tMrwpon b~ dw and
'i pay~W~ oo iM dw d~re of ih~ nexr monthly paymenf ~~d each s~cce~~iw momh there~h~? until mortp~yee shall norify mo.~9ago. of • cMny~ in ~vch
f •mount. Such iums ~ha11 b~ ~pplitd by mo~ty~flee ~owsrd the paym~nt of re~l prop~rty t~aes, inaur~nc~ premiumt. •nd morty~p~ yu~r~nty imuranp
~ pr~miurm.
IN WITNESS WMERfOf, tM ~~id MORTGAGOR h~~ herwnto ~~t hi~ fiand ~nd a~l tM d~y ud y~ar nt afw~s id.
( Sfpnd, SNbd ~nd d~ltv«~d in tM pr•Nnc• of: ~~~7 y~
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--._I `_^3 " "~?J •
S1ATE Of fLORIDA • , -
COUNTY OF ~ ~ ' ` ' /J ~
Mfon n» p~rson~lly app~~r~d • - ~ C' ~ , ' : ' T 'Tri "~nd
:c.ihe~^ ,,,,~t., ro n+. wi~ttjriqwe ~c} k,wwn +~J~+_e`b.
tM Indlvldwb d~w~b~d Ie ~nd who ~x~cut~d tM fapoinp irutrum~nt, and ~eknowtdp~d b~fon en~ tMt tMy exi~wi¢'.tM Ne~tfa tQi y~w~ow
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eh.r.in .xp..w.d. Md rh. ..~d ~::rt~,r~ ~ if~u~ ~•r. ' -s~ ~'•-:.~~s..
wli~ of /M Nid JO::I1 ~'i` 1;r,3A1 ::::~'~'pn 5` iy~
• ~
•x~min~tion by m~ t~4~n wp~rN~ •nd ~part f?om Mr said hwband. ~denowldp~d to ~nd b~fo» en~ tMt ~M ~a~eut~d a~ld tnjlh~{thNly a~d volun~
~ t~ril~ «+d witMov~ u+y canpu~ion, constr~int, ~pp?~~ uon~r 1~ar of a irom Mr Mld hu~band. ~C
~ WITNESS my hand •nd offkl•I ..al th1• d•y af ~`~'~~~='-T~ A. D. 19
~
~ Not~ry Pvb ~nd for tM Stat~ of Flald~ ~t L~r~
a My Commiuion ~~cplnk
` R~hrrn Ta
~ fIM F~nl S~vlnp~ i loan Aswci~tion
Of fo~t P~~rc~.
~ fort Pi•ru. Flwid~ p p1 f1o:,~ a~ ~T~
~ Notsry P~~:.c. S~zt, ieti W~y. 30. 14~
~ t3.! ~~r~,;.i..~ i. s c...«+~ c.w~
ro«oa
:T ~ J
~ This In:trument Prepsred By • = • ' = "
- yrit Fed~rsl Savinys 6 losn Association 0 ANO AtC~icpEL
~ of Fort Pierce =T•lllClE CO{1N r?~~
Fort Pisrce, Floride 33450 ~~GFQ tOtTAAc
~ '~.f'K . ?L~J;;
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Chetked By
~ Fr:~ I 3 04 PM'?~ n~•
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