HomeMy WebLinkAbout0644 3. io place and contim,ously k~~p on ~h~ buiid+np~ now w Mr~~hK ~iw•t~ or ss~d 1•nd ~nd on ~II eqv~pme~~ .nd penon•Ily cova~d by ~hi~ rna~
p~ witA dl pr~miwm ~F»rw~ W~d i~ (ull, fir~ IM11faM~ ~n ~I?~ u~wl p~r+~ud policy 1orm, in ~ wm ~pprov~d by tM MORTGAGEE. •~d wind~lorm
Mwww~a M IM wwl aMd+~d pol~cy fum, (n • wm ~pprov~d by tM MORtGAGEE, in tuch tanp+ny o. tomp+n~~s u tM MORIGAGEE may
dIrK1~ ~nd di tin ~nd wind~a~m iMw~nn polici~~ on ~ny ol wid buildinps. ~ny InNr~~t tha~in w p~.t ~har~ol, fn tM apQrey~t~ wm ~tat~~d w
In ~ac~ tl~~of. ~A+II conuin tM wual ~tandud ma~y+~ clww a wcA a}wr clauN a th~ Mor~yapN m~y rpvu~. m~Airp tM low undK u~d poli~
d». Mch and ~w~lh WY~bI~ q s~id MORTG/1GEE as i1s Inq?tft may app~at. ~nd sach a~d w~ry wt!? poiicy ~h~lt b~ p+a*~pNy au.p~+ed u+d d~liva~d ~o ~
~ny h~ld by Nid MORTGIIGEE tur~h.r ..cw3ry ~o s.id monQap. deb~. and, not ku ?han t~n (10) d~ys in advanu of the •Ypiration of fKh pO1Ky. 1o de + ~
livM M Nid MORTGAGEE a r~wN tMr~of. ~op~tFwr with a~a~~pt (or tM p~~mium o! wch r~n~wal; ~nd thtr~ ~MII b~ no fir~ a wind~~wm M~w~nc~
ptapd on M?y of uW bufldhq~. ~ny MtK~q 1Mr~in o~ p+~t tMr~of, unl~u In tM fwm u~d wi~h th~ los~ paYabl~ as ~fa~uid: u~d in ~M ~wnt ~ny wen
of moMy b~co,+w phrapN w~d~r wch poliey a polkws wid MORTGAGEE ?Aall Mw tM opuon ro nqiv~ ~nd ~pp1y tM same on acow?t d~M i~xhb~ed-
nu~ uty~~d hK~by w q pKmN Nid NWRTGAGORS fo ~et~iv~ ~nd v» {t a any put thereol 1w other pu~poie~. w~~hout therebi wai~in9 0~ ~mpai~-
Inp ~?r p~rity. li~n a ~ipht w+dN a by vktw of tFw mortpp~j W+d in tM ~v~nt a~~d MPRTGAGORS shall (w My r~awn (ail 1o kkp tM s~id pr~mists so
Mwr~d, w i~{I to d~I1vN promptly Nhr of uid policies of i~wra~c~ to said MORTGAGEE, or fail promplly to pay fully ~ny pr~mium ther~fw p In an~
r~~pM f~tl b pMionn, d4d+~rpt. ~Yttur~. ~HM, tompl~N. tanplY with u+d abid~ by ~hi~ cov~nanf, a•ny part herwf, iaid MORTGAGEE may pt~c~ ant! k
p~Y for wch Maurw~u w~I part tlanof without wabinp w~ffectkq ~ny optan, li~n, pvi?y, o~ ~~yM under a by vlr~w of tA~~ Mwtpp~. ~nd tMe ~
fvll amoum of ~cA ~nd w+ry wcA p~ynrnt d++11 b~ in?m~dia~~ly dw ~nd payabN ~nd ~1u11 b~u Int~ryt from tM dat~ the~~of umil paid ~t rM raa ot .
nyy pM qnhqn p~t ~nnum and topNhe~ with wch intert~t aMll b~ wtund by tht li~n of this mortpp~• •
1. To pKmit. oonrdt a wff~r no wat~. imp~'unwnt a d~tarioution of iaid property a any put thereof.
S. To p~y ~II ~nd sMp~IK tl» co~n. charp~s ~r+d ~xp«?MS, inctudinp • r~afonabl~ atror~y'• i~e and cost~ of ~b~trscts of titt~. Incurnd o~ p+~d al
any tinr by s.W MORTGAGEE, b~cw~ w 1n tM ~v~nt oi tM f~ilw~ on IM part of ~l+~ ~~id MORTGAGOR ro duty, promprly •r+J fu11y pe.fwm, dacMrq•,
~x~a+N. ~ff~ct, compl~». aomplr wiM ~nd ~bid~ by ~ach a~d way tM itip~lauons, a~re~m~nn. ca+dieioeu. ~nd covsnann o~ s~~d prom~ssory not~ ~nd thii
w~ortpp~ ~ny a~itlwr. ~nd wid coa», cMrye~ ~nd ~~cpens~s. ~ach ~nd wMy, ahall b~ imenadi~~~ly dw ~nd p~yablr, wMtMr w not rMr~ b~ noric~ d?
nw+d, ~thmpt ro co11M or wi~ p~e~inpr ~nd tM full ~mou~~ of Nch ~nd w~ry s~cl? parme++t ~hall bes? interei~ from 1M d~te tMrw{ unril paid H+e
rate of nln~ pK cw+twn pN w~m+~?; ~nd all uid cosn. ch+ryes and ~xpenses incurred w paid. togNhe~ wnh such intH~st, ~MII b~ sscured by tht IiM of thN
mafpap~•
6. TMt In the ~wnt of u~y br~ath of thi~ Morty~p~ a default on tFr p+rt of the MORTGAGOR, a(b) i~ the ~vem ~ny of u~d wms oi mon~y
MnN nf~rr~d to b~ not pranptly u~d fvlly p~id within th~rty (30) dayi n~x~ after the ssrrN iever~tly become due and payabl~. wi~hou~ dsmand or notice.
or (d In tlw ~wm ~ad~ ~nd ~wry tM sdpul~tiona, ~nenwnn. con~itions ~~d coveewnn of u~d p.omissory not~ and th~~ moriqay~ u+y a~~tMr ~n no1
lu1y, proenptly ~nd fully pKform~d. dischary~d. ~xecuted. ~ffected, campt~ted. canpli~d with and ~bided by. tMn in eithe~ a sny such ~wnt tM s~~d ag~
prpat~ swn mM+tior~d in uid ptomiyory not~ then r~maininp u~paid. with inttn~t ~tuwd, ~nd alt rtwn~ys tecured htrtby. ~h~ll bttome dvt u~d p~ri
•bl~ forthwith, O~ fMfNNH, a~ tF» option of ~~id MORTGAGEE, ~a (vlly ~nd canpb~~ly if ~II of rhe ~aid wms of mor?ey wer~ wqinally atipulatcd
to b~ paid on such day. u~ythi~p i~ ~a~d pron+iuwY ~+o» or in this Mortq~ to tM contrary notwitMrsndirq; ~nd iharwpon a ther~afte? at tM op~ion of
taid MORTGAGEE. without notic~ a dem~nd, wit st law'w in puity, th~r~fw~ o~ tMre~fter bpun, may be prwecuted u if all mon~ys wcur~d I+Keby
had n+atw~d pa. ro~n In.t~rution.
7. TMt in th~ w~nt that ~t tM b~yinninp of a at ~ny tim~ p~nd~n~ ~ny ~vit upon thif Mo.tgs9~, o. ro fweclos. 1t, w ro rafam it, w to ~nfwc~
p~ym~M pf any d~inr 1~wnd~r, ~aid MpRTGAGEE shall ~pply to ths Courf haviny juri~d~d'an therwf fp tM appointm~nl of ~ Rec~ivtr, such Court sMll .
(orthwhh ~ppoint a r~ceiw~ of s~Id rnwtpp~d propvty ~II and ~ingular, includ~np •11 •nd ~in9ul~r tM income, p~ofib, iuw~ and r~wn~?es from wh~t~rer
q~ra d~rhtid, wd+ ~nd w~ry of which, H beinp ~xprealy und~rpood. is Mr~by mo.~g~yed ~s if ~pec~fically wt fwth ~nd dNCrib~d in tM p.aminp and
h~bw~duen clww+ Iwnof, and wch R~iv~r ah+ll Mv~ ~11 tM broad and ~ffectir~ fvnu~ons and powtrs in ~nywise cntrwted by ~ Cowt ro• Rec~ivN, ~nd
wth ~ppolntn~m ~ha11 bs rin~d~ by wch Cowt ~dmitted puity ~nd ~ man~r of ~bsolute ?iqht w uid MORTGAGEE, and without r~f~r~nu to tM
~d~qu~c~r or kwd~quacy of tM valw of tM prop~rry ma~p+ped or to th~ whr~ncy a~nw~vency of said MORTGAGOR a tM d~f~ndann, and tMt ~uch
r~nt~, profits, h+oonw, iwuN ~nd rw~nw~ ~hafl b~ ~ppliad by ~uch R~ulwr ~ccordinp to tM li~r? oi puity of aid MORTGAGEE and tM p~aia of such
Court.
a. To duly. PranP?~Y and fully p~rfo?m. dscharp~, ex~cut~, tfi~ct, c'anPt~b, comply w(th ~nd abW~ by ~ach ~nd ewry tM stlp~taflon~„ pr~».
condiNoea ~nd cavawma in sud prombao~ry not~ and rh~~ mortpp~ Nt forrh. ~
9. iMt In tM ~v~m tF» ewn~rahip of tl+~ mort9p~d pr~mis~s. a any pan thereof, becomes ves»d In a penon other tMn tM MORiCsAGOR, tM
MORT(',/1GEE, IM wcpww~ ~nd usipeu, may, w~rhout norKe to th~ MORTGAOR, d~al with such succeua o~ ~ucceuw i~ int~r~n with r~fennc~ to tha
rtwrtpap~ ad tM d~W Mr~b~r Ncw~d in tM ~u~ manna w~th Mwtppa withovt tn ~ny way vit7~tinp w disthu9ir?D tM Mort9~yws' li~bility Mr?
unda p opon t!~ d~M hK~by wcur~d. No ~al~ of th~ p!~m~~es F?~reby n+aty~p~d ~nd no fo.b~ar~nu on tM p~n of ~h~ MORTGAGEE w Its ~ucceswn
e, anipn~ .nd no •nf.mlon of H,. nn+. foi th. paym.n~ of rM d.b~ h.?•by ~.cur.d piven by the MORTGAGEE w in suco~uas o? auiper, aMll op~r~t~
a r~aw, dad~p~, nwdify ch~np~ or ~ff~ct tM aip~nal liab~lity of tM MORTGAGOR Iw~tin, ~HMr in whol~ a le put. "
10. H N sp~eiHully pn~d that tirM is of th~ esue+ce oi thi~ eontr~et ~e+d th~t no w~iwr of ~rty obt~y~t~on Mreund~ or of tM oblfp~tion ar
cvnd h~nby sMll n eny tkrN tMr~ahK b~ lwld to b~ ~ w~~v~r of tM qmu h+rwf a of th~ Ir?~uumem ~ecund herby.
11. In additlon to tM iwpo:np monthly p~ym~nt~ of prin~ p~l ~nd lm~nat rpu~r~d by the prom~ssory not~ secur~d Mreby, mortpapw covM~nn
~nd apr~n ro p~y to nartpapN with tath monthly p~ym~nl ~n ~dd;~ional sum e~~~m~t~d by mortypee to b~ pwl to 1/lI of tM annwl cat of tM fol{ow-
I~: •
A-All r~al propaty uaN Nv~ed o~ aae~ud +ysin~t the ~bov~ d~acribed re~F ~srsr~. y
6-PnmiwtN on fin ~nd windstorm inaw~nc~ a~ Farein requ:red to be urried on the improvementt situate on the ~vr deacr~~d premises.
C-Pr~miuma on ~uch mwtq~e 9uuanty insurar.ce as mortyagee ihall from t;me to time deem fit to carry on the Iwn secured h~reby.
MortpapN ~hall irom tirn~ to tirr» notify mortflayor in writinp of tM •mou~t due and p~yable hercundr ~nd ~uch sum shsll ther~upon 6s dze ~nd
~ payabb on fh~ dw dat~ of th~ n~xt monfhly payment and e~ch ~uccessiv~ mooth rheresfter unril mortg~gee shall notify mortga9or of ~ chany~ in iuch
I urqu~t, $uch ~~rtq ~hall b~ ~ppli~d by mwlpaQee towird the paym~nt of real property taxes, insurante prcm~umf, •nd matgape puarsnty insur~nt~
~
~ pnenftiem.
~ JN WITNESS YVNEREOf, th~ wid MORTGAGOR ha~ hereunro s~t his h~~d ~nd ~e~l tht day ~nd y~~? fint ~fw~sdd.
C Sipmd, S~abd ~od ddlwnd k? tM pr~enu of: ~ -
~ . .
s W n 11 a ma i d adu
~ ry .
~ _ a marri d adult
~ STATE OF fLORID
St. Lucie ~ u'
cour~m oF
b~fore m. p.rw~a~ly ~.nd l~L3rCe1L..C^!r~lP1 a mar~iPri adLl t ~nd
~ ~ ~ to m~ v~nll k~awn ~nd known 1o rrK to b~
~ th~ k~divldwb dMCrib~d M u~d who ~~ucut~d forpoinp kutrum~M. ~nd ~clcnowl~dp~d btforo rr» that tF»y ~a~cu»d tF» wrM fa th~ pwpw~~
~ fMr~ln ~xprNwd. J1w~N~-wl~
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~ilp se~ niN~ovt-wry ~ooenpubiw~.~ow+strstrtl; TpprrApt~er,'er ~~r ef er fronr hw iai~ 1a~bn+d -
w~rNESS mr h.~e .~d offtdd ..d rbk /3 ~ a.p of A ri 1 A. c. ~9 78
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_ Not~ry Publk t~nd tM St+t~ of fbrfda N l~rp~
r MY ~aPlrw' -
~ R~twn Ta. ~t.rr ^~.:1.~ . e: _ .
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f4sf F~d~rd SwlnQr i loan Awocl~Y~oe C~T:- :•i.6 £x~ j•_~, :`/:l
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~ Thit lnstrument Prepsred By J Hal Robe o~~~ ' ~
~p~~~l~tr
~ Flrst Federel Savir?~i 6 loan Associstion f O~',.
~ of Fort Pitra 00 It ~41 ~Af ~ ;.;-c~;, :":.,r~
~ Fort Piera Florids 33450 CtERK CIRCUIT Co R, :
. ~rrc c,EO . ~~.~`~1~"'.:C~'='~ .
~ ~hecked By PH ~ ~ P O' -
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