HomeMy WebLinkAbout0250 7. To pl~c~ ~nd con~~nuousiy k~ep on lM bui:d~nps now w Mre~hM ~~hr~t~ or a~d I~~d ~r.d on ~II equiprn~n~ ~nd pKton~~~Y cov~r~d by ~hi~ mor~p~
p~. with ~1) pr~miu~y IMr~on p~~d in 1u11, lir~ iniur~nc~ ~n ~h~ u~wl f~~ndard poli~Y Iwm. i~ • ~um ~pprov~d by th~ MORTGAGEE. ~nd wind~twm
imur~nc~ In tM u~wl ~tandard pol~cy farty in • ~um ~pprov~d by tM MORTGAGEE, it+ wch tomp~ny oi tomWniN tM MORiGAGEE ~y
d'aKft ~nd ~11 tk~ ~nd w~~+d~rorm in~uranc~ pol~cKS on ~ny o( u~d buiW~npti ~ny intK~s~ rMni~ w part ~M~wf, in tM aq9repa~~ ~um ~fa~s+id a.._
In ~ac~ tMnof, ~MII cont~in tM uswl ~~andud mo~i9a9N c1auN w sucA o~Mr cl~us~ a ~M Mw~y~9N ~y rpuu~, m+?inp tl+~ bw unda s~~d poli~
c;~a. Nch ~nd ~vKy. payabl~ a a~~d MORTGAGEE ~ti it~ i~r~~pt may ~pp~u. ~nd each and tv~ry ~~,cA poi~cY ~h+ll b~ pranp~~Y ~u.yn~d ar+d d~l~,r~red ~o
~ay M1d by wid MORTGAGEE furrhtr securily to taid mwtpp~ d~bb ~d. no~ ~~s~ ~Mn ten (10I d~YS tn +d~~ou of tM •xpi~~~ion o! ~+ch policy, ~o d~-
IivN ro uid MORTGAGEE • ren~w~l th~r~ol, topNF»r with ~ rK~ipf fw tM pr~miwn ol ~uth .~n~w~l; ~+d th~r~ ~MII b~ no f'a~ a wind~to+m inwra+c~
pl~qd an a~y o1 ~aid puildirq~. any int~r~~t tMr~~n w put tF~w1. vnt~ In tF» fan? and with tM lou paY~bb u~fa~Nlds ~d in ~M •v~nt ~ny ~u~n
of moeNy b~ca~w~ ayaW~ vnd~r wch polky w polKi~s Ntd 1rWATGAGEE sMtl Mw ~M opt~on ro nniw a~d ~pply tM s~m~ on ~ccoum of ~M I~b~~
rnp Mcw~d Iw~~by w a pKmi~ sa~d MORTGAGORS to rec~ive ~nd ua it w any pu~ tMreof fa o~he. pu~po+ss. w~ihout ~i+c~~b~ w+~v~~`9 0~ '~^P+"'
?np ~ny pu~ty. li~n a ripAt ~ndN w by viriw of this mortypr. ~nd in tM ~v~nt N~d MORiGAGORS thafl for ~ny ~eawn f~il to kNp ~M ~+~d W~miu~ w
Iruursd. a i~Il M deliv~r promptly any of uid policie~ ol iniura~+t~ ro uid MORTGAGEE. w fail p?ompfly 1o p+Y fully any p~emium the.~fo~ a(n ~ny
rNp~ct f~{I b pa(am, dischu9e. ~xetut~. ~ffM, tanpl~tt. tomply with ~nd ~bid~ by Ihi~ tovtnanl. w~ny part her~of, sa~d MORTGAGEE m~y pl~c~ and
paY fw ~uch 1mur~nc~ w~ny p~n thereof w~~Aout w~ivin~ a ~ffectinp ~ny option. li~n. pu~~y. a ri9h~ unde. w by virwe of ~hif Morrp+~e• ~nd rhe
full amount of eacA and ~wry wcl+ p~Yrn~n? ~hall b~ imm~dia~~ly dw and p~y~bN +nd ~hsll b~a~ inteni~ from ~i?~ d~t~ thereof until paid at rM rate of
niM PN CMfYT pN ~n~um ~nd fOgNhlr with iuch i~rere~t ~MII b~ ucu~~d by tM li~n of thi~ maty~e.
•To pNmit, commit a iuffN no waste, impa7rment or d~te.bration of u7d propary a u+y pa1 tl?~?eof.
S. To p~y ~11 ~nd sinp~lar th~ cw~i. charpes ~nd ~xp~mes, ~ncludinp • r~awn~bl~ at~an~v's fe~ and coses of ~bstracts of tirle. incurr~d a paid at
~ny tim~ by ~aid MORTGAGEf, ba~us~ or in tM ~vent of tM failur~ on ~M p~rt of tM ~sid MORTGAGOR ro duly, promptly ~nd fully pe~fam. d~~ch~rq~.
•x~cut~. ~ihct. compk?~. comply with and ~b:de by ~~ch and wery tM ~~ipul~~~ons, presmentf, tonditions, ~~d tovenanb o1 said promi~wry not~ u~d rh~s
mwtp~p~ ~ny p~iti?er. ~nd ~a~d cost~. charge~ ~nd sxp~++xs. e~ch and ~wry. ~hall b~ immediately dw •nd paysbl~: wFKih~r p not rMr~ b~ no?ic~ dr
n,and, ~mmpf ro co11M a wit p~ndinyj ~nd~ ~M fu11 ~mounf of each ~nd twrY wch PaYrn~m ahall bea. inr~r~s~ iran ~he dst~ ~hercof un!il paid ~t tM
r~~e of oin~ p~r c~ntum pK ~nnum; and all t~id tosts, cMrgn and ~xpenus intuned o~ paid, 1og~thK w~th tuch int~reH, 1MI1 b~ sKUr~d by 1M li~n of t~~~
mortpap~. ~
6. TMt in tM ~v~nt of any breach of this Mary~yt w d~fault on tir p+n of th~ MORTGAGOR, a(b) in the ev~nt ~ny of ~aid sumt of mon~~
h~r~ln fffN~~ to b~ no~ promptly ~nd fully paid w~~hin th~.~y (30) days n~xt aftcr the s~m~ a~v~r~tly Decom~ dv~ •nd pay+ble, wi~hou~ danand o~ ewtice.
or (s) in th~ ~wm ~ach ~nd wery tM stip~la~ion~. ~gr~unts. conQ~tan~ •nd coven~nn of sa~d promiswry not~ ~nd th~s n+ortype any a•~tlw •r~ ew~
iuly, pompHy ~nd tully pafwm~d, d~stMr9ed. •aecuted. ~ffeucd. compt~ted, canpl~d with ~nd ~b~dad by. tMn in e~ther w sny ~uch ~w~t 1M said
prpab wm m~ntion~d in ~aid promi~sory not~ fhen r~mainin~ unpaid. with inrsr~it ~tuved, Md all mon~y~ ~etu~ed her~by. ~MI! petane dw and p~y-
~bl~ fwthwith, a rAK~~h~r, ~t the oprion of said MORTGAGEE, ivlly ~nd canpla~ly ~t if •11 of rhe uid ~um~ of mon~y wer~ orqin~lly s~iput~~~d
ro b~ p+~d oe~ ~uch day. snythinp in s~;d prom~uwy note or in fhu Mwt9pe to th~ ta+trary notwi~hstuxlinq; ~~+d ~he?wpon w th~r~~her tM opt~on of
~~id MORTGAGEE. without no+ic~ or demand. ~uit at I~w a in puiry, tl+erefor~ or tMre~tte~ beyun, may bc pro~ecuted u if all morwys ~ecur~d hereby
had matw~d prar to i» imfitwion.
7. TMt in tFw w~nt that ~t the beyinn~ny of w at ~ny t~m~ pendinp ~ny w~t vpon rhis Mo?tgpe. w to fOIK~ON It, w to rofwm tt, a ro~nfwc~
payment of ~ny claims Mr~ur~r, uid MORTGAGEE ~ha11 .~iy ro ~h. Go~.+ M~~~q w.nd~c+~on ther~of fw rM ip~lOillf(~1ffl1 Of ~ RKf/Vff. ~vch Court shall
forfhwtth ~pPOiflt • fKfivN Of said mortp~p~d property •11 ~nd ainpul~r. irxlvd~nQ ~11 ~nd sinqul~r th~ incom~. prof~a. iuup ~nd r~v~nws (rom whaf~ver _
wuru d~riv~d, ~ach ~nd ~v~ry of whKA, it beinp expressly und~ruood. is Mr~by mortg~yed ~s if ~p~c~fic~lly s~t forrh and d~~uib~d in ~M pranrirq ~nd
Mb~nd~rn cl~us~ h~r~of, ~nd such Rec~iv~r ~MII Mv~ •II th~ b.oad ~nd ~ffectiv~ funcnons ~nd power~ in •nyvr~~~ entrus~ed by • Coun ro• Rec~ivN, w+d
such ~ppointm~nt ~h~ll b~ mad~ by such Covrt ~n ~dmitted eqvity ~od • rrwttN of abso~ut~ ri9ht to a~id MORTGAGEE, ~nd witAout rtft~tnc~ to tM
adpvacy or In~d~quacy of t!» v~lw ot rh~ prope.ry mort9aged w to rhe wlv~ncy o~ ~nwiv~ncy of ~~id MORiGAGOR a ths d~fe~d~nn, ~nd ihat sucF+
r~nt~, profib, Incan~, iNwr ~nd r~v~nut~ ~Mll b~ ~ppiied by ~uch R~ceiv~r ~ccoadinQ to tM lia? or puity of uid MORTGAGEE ~nd ~M p+ctic~ of svch
CovA.
To duly. Promptly ~nd fully p~rform, d~acharp~, ex~cut~. ~ff~ct. coinpl~t~, comply with •nd ~bid~ by ~ach ~ed ~wry th~ ~tlpulations. p~NnNnN.
condition~ ~nd coven~m~ in sa~d promisiwy not~ and this mwtp+q~ at fwth.
9. Th~t In th~ wem th~ ownerahip of tM mortqaped p.erriisn, w~ny part tM+~of, b~com~~ w~Nd In • p~rw~ ofM? M~n th~ MORT(iAGOR, tM
MORTGAGEE, It~ wcc~~wr~ ~nd auipna, may, wirhov+ no~ic~ to tM MORTGAOR, d~+l with ~uch ~uccasor o~ ~ucc~~sor in int~rNt with r~fN~na ro thu
mortpp~ ~nd tM d~bt Mrtby retur~d in tM sura rtNnner ~s wilh Mortppor without in ~ny w~y vit~~tlnp or d~~tharyirq tIN Mortpport' INbility h~rr
undN or upon t!w d~bt Mr~by kcv.ed. No ul~ of tM premifp her~py mortpp~d ~nd no (wE~ar~np on tM p~n of ~M MORTGAGEE w it~ wa~~wn
«~utpns ~nd no ~xrNUlon o4 ~h~ rinu fw tM p~ym~nt of tM d~b~ Mr~by s~cu.~d piwn by rM MORTGAGEE or ir~ suw~sw~ w+u~prr. ?MII op~rat~
ru r~l~w~, disch~rp~, modify chanyo or ~fi~ct th~ wiq~n~l Iiab~lity of tM MORTG/1GOR Mr~iry ~itMr in whol~ a M put.
10. H b~pec~fic~tly ~gr~ed that time i~ of th~ e»enc~ of thi~ coMr~ct ~nd tlut no walv~r of ~ny oblp~tion Mr~u~r a of tM obltp~fion w
eur~d lwnby sha11 ~t ~ny tim~ rhs~s~fqr b~ Mld to b~ ~ wa~v~r of tM tKnr hKwf a of tM Irutrurewnt s~eur~d Mrby.
11. In ~dd~tion to tM forpo:np monthly paym~nta of p~inc'p~l ~nd im~rt~t rpvir~d by tM p~ani~fo?y noh secund h~nby, mwty~po? cown~nri
.nd pr~et to pay to mon~~9~e wi~h e~ch monthly paym~nt ~n •dd~rionN ~um ~~timat~d by mwtpp~e to b~ ~qv~l to 1/12 of ths ~nnwl to~t of 1M follow-
infl:
A-All rt~I prop~rty t~xes lev~ed w aue~sed aflsi~tt the abov~ d~scr~bed re~l ~~t~t~.
B-Premium~ on fire and windtto+m insurance aa h~re~n requ~red to b~ curitd on the imp?ov~m~nt~ sitvate on tM abovs destribed pr~mis~s.
C-P~emium~ on such mortgage flueranty insur~.u ~s morty~yt~ ~ha~~ from tlme to time de~m fit to uny on the loan secur~d Mreby.
MorlppM ahal~ from time to tlm~ nor~fy mortgaQor ~n writ~np of th~ •mounf dw ~nd p~y~bl~ Mrw~de~ ~nd ~uch sum sMll therwpon be dw ~nd
peysbl~ on rhe due d~t~ of th• nexr monthly payment •nd e~ch ~ucces~iv~ month rhe.e~fter unril mortppee ~hall notify morrysyw of a ch~nq~ in wcl?
emovnt. Such ~ums ahall b~ +pplied by mortpayee tovr+rd ~he payrrwnt of ~eal property taxet, inaursnu prem~ums, and mortgay~ puaranty iruvr~nu
~ p~emiurtn.
I IN WITNESS WMEREOf, tM uid MORTGAGOR h~~ Aerwe+to Nt hi~ Mnd ~nd p~l tM d~y uNl y~ar first ~fw~s/aid. y(/~
i r Siprwd, and tiv~r~ll in tF» ~a~nc~ of: ~ j/~ C„
~ / l, ,i•~ ~tM~~"~ FILEO 1M0 AECVEJ~:. ~ ; , ~ ! + ; ~ l~~"`~~ ~
' St.LUCfE COUNTT F_~ e ~f. ~,alone
i ~e~=F ?~i'~;a~ q
~ ~ - ?^Ult ' . i ~ `3 _ ` ~ ' ~
~ `24'J~'l`7 - • _ _ - - ~ Jo ce ~ 0
~ STATE Of ftORIDA 11~` ~1 3 25 ?H Ca~men Cata 1
ya~or, Jr
~Jc~~~ ~ ~ ~-~~C~ c c ~ / ' ' ~t C ' Z''"
~ couNnr oF
~ Joe ~t. '~.alone an~? !oyce F. ~ialoneath~c~~;fn a a ~o
6.fw• m. p.r.oosllr •pp.•r.d s~r
C a r me n C a t a 1~~ , Jr . a n~-? Pa t r i c i a ~i . Ca t a 1 ~i o M,~~, r„~~~ keown ~nd knowe to n» ro b.
tM Indlrldwls dwerib~d M ~nd who ~x~eut~d tFw fwpoi~+p tmtrum~nt. ~nd aeknawhdp~d b~fon rr» M+t tiwy ~x~eut~d th~ ~~ee~ for tM pwposN
~~.M w„ Joyce F, tifal~ne an~'. Patricia ~1. Catal~'o
" J~e H. ~lalone anc' Caz ~en Catat~?o, Jr.
of tM aM upon • wpa~t~ ~nd ph~h
~~a~mkution br n» t~kN+ wp~nt~ and ~part hom ha aid hwb~nd. ~clcnowl~dp~d b~nd b~Mn n» tl+~t aM ~x~evt~d NW ImtrumMt frNf~~ votwt
r~rily wed withovt unr eanpuNlon, wn~?r~tnt, ~ppreMm~on, or f~u of or from r Mid hu~b~~d. ~ 3~,.''~..
~ WITNESS my Mnd ~ed ofikld sNl thi• d~y of ' ~~•~.t.»,.~-.~j
~ ~ ~ . ~ • ~ :
Not~ry Pvblk tn and ~or tM S~~» of fNr ~t 1~ 0`
Mr tomn+ia.soe .:v+?«+ _ • ; b~- • ~ "1 ' c~
•.r''=~
~ R~turn Ta. - ' .
ilnt F.d...~ s.vlrq. s Lo,~ A.~«i,t~on , - , : . " "T ; 8 j ~
~ ~ ~ FOA Pi~fCl. a~~,' . ~ ~ ' ..I , . • tqI'(.~••~~G~ ~ ~V ~
~ fort Pi~ru, flwld~ _ . - ~ , r~. . • .~.R::,~T~f. 04
e .~i ~f ~~vt
~ ~~~N~~nu«~~~~~N~'
~ ~ -
~ lt~~
This Instrument Prepared By R. E. Poin~9extcr
First Fed~rsl Ssvin9t b loen Association . _
~ of Fort Pierce
~ Fort Pierce, Florida 33450 b~0~X284 2
~ Chetked By - - ~ ~
~
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~ e I~
~ ~ ~ ~ , . ; - - - - _ A;~„
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