HomeMy WebLinkAbout0734 To ptap a~d cont~n~ou~ly kNp on tM bui!d+npi now a Iwr~ahM ~itwN or t~d 4nd u~d on ~II puipnrnt u~d pK~on~lly covNN! by thia wqrt~
pw with dl pr~miwna ~M~~oa p~~d i~ full, fir~ in~wanc~ u+ H» v~wl ~r~~dud poticy Iwin. {n • ~wn ~pprowd by ~h~ MORTGAGEE. ~r+d windporn~
4Nw~na M t!w wwl ~~w~dad poiic~r forab In ~~um ~pprowd by ?M MORTCrAGEE, M wcA oomp~ny w compani~s w M» MORTGAGEE iMy
dlnc4 ~nd all ftn ~nd wind~wrn~ inwranu po1K~ on ~ny o/ Mid OYiI~~. M1y M/MHI t1~Mlk1 O+ p~A IMtWf, in ~M pp.p~N wn+ afaNaid a•
In ~+ceat dw~o1. ~11 oontaN tM ww1 ~~andard n~wppw clwM a aud~ aF~ claw~ a ~M Matoape~ n+~y rpu'u~. n+~kinp tM 1os~ vnda u+d poN•~
dK. ~atA ~nd ~wry. Wrab4 a s~id M(~lIGAGEE ~i ib iMerttt m~y ~ppw~. M+d Mth w~d ~wry ~uth polity ~hall b~ promptly ~u~pe»d ~nd d~GvK~d b~\
~ny MW by s~id MORTGJ?GEE a funh.r NcwiN ~o ~aW ~pap~ d~bt. Md ~a 1~ N~u~ Nn l10) d~ys In ~dvN+c~ of tM ~Yptr~tion of Nch polky. ro dr .
Iiw? to• ujd MpRTGAGEE ~ nn~wai tAkwi, ~op~~Mr wirh a r~uipt for tM pnmluen of wch .~wat~ and ~Mr~ ~II M ~o f'u~ or wlnd~torm Inswu+c~
pbad on ~r ef wid butldinpf, ~~y int~.at ~Mr~in a pMt tMnol, u~l~a In tM krn~ ~nd with ~h~ bu p~yabl~ u afa~~ald~ w+d in tM ~wM ~ny awn
of naMY b~oo~~ pnrabN w~dK wch polky or pol~ci~s ufd 1YlORTGAGEE ~hatl haw tM opta~ ~o ncetw ~nd ~pply 1M ~am~ on acaov~t o} tM M+d~bad
+wa wcw~d Mr~by a b pKmi~ said AAORTGAGORS ro r~aiw ~nd uw N a~ny part th~r~of fw ~rhe~ purpo~~s, w~Uaut thenb~ waiviry or ~~npai~•
hq ~nq pvity. INn a ripM rnd~r a by vi.tw of thi~ nwrpsp~~ ~nd In th~ ~v~nt Nid N1pRT(i/?GORS ~h+li fa wqr rNSOn t~i! ro kNp tM s~id pniniNS
i~wK~d, a iail b d~fivK p.omptly ~ny of _uid polKks of inwranc~ ro~id MORTGAGEE, or fail prwnpty ~o pay fvlly ~~y pr~~nivm ~M.~fw a M+ ~np
r«p~cf f~il b p~rfann, dsclurp~. ~xecue~. ~ff~N, compl~t~. comply wi~h ~nd ~bid~ bp th9~ cov~n~, a~nY p~n her~of, ~sid MORTGAGEE m~y plaa and`
P+Y fa wd+ M~w~ or ~ny pan tM.wt w;Mov~ w~ivinp a~N~eetnp +eY ePNae. ~~n, ~4~+ib, or riQM v~d~r a by vtrtw oi fhis Mwrop~. ~nd t!~
fvll Mnoueu of ~ch ~nd wwy wch p+ym~nf ~haU b~ inxn~dt~f~ly dw ~nd p~yabl~ W+d ~Aatl b~ar IntK„t fran tM daq the~of vnHl p~W a~ th~ at~ oi
NrK pN a~fwe pN Nvwrt~ u~d top~tlur wi~h such int~rest ~MII b~ s~cund by tM IIM of thts nwrt~p~. . • .
1. To PMmi~. aaMdt or wffa no wa~t~. imp~'ument ar d~tNioraion of ~aid propt~t~r or ~ny pKt tlrr~of.
S. To p~y ~II ~,~d ~inp~l~r tM ewn, elwr~ ~nd ~xp~ww ~neludiep a naonabl~ +ao.n~y's f~e M+d ewn of absrr.eta of titl~, M?ewr~d a p~td a~
ony tMn~ b~r wid MORTGAGEE, b~cw~ w in tM event of tiw f~ilw~ oe tM pwt of tl+~ ~aid MORTGAGOR w d~ly. prompty M,d fully p~.form, d;uiwyr,,
~x~NN„ ~ff~p. oompl~~. Qomp1Y wi~h and ~b~d~ by and ~wry th~ uiput~tioey. pr~nt~. aoeditiaw ~ed oown~nts of wid praniswrr noM ~nd tha
moAp ~ny a~iilw~. and ~aid coan, cMrpN ~nd ~zpK?w~, each ai+d w~y, shdl b~ imn~di~~~ly dw ~nd p~yabb: wMtMr a na th~.~ b~ notia d?
~n~,~ff~N to oolbd w wit p~rd'a+pj ~nd th~ fvl) amouM oi e~ch and wNy Wch pay,n~m ~ha11 b~s. inMrt~t irom th~ d~t~ tMrw1 untit p~id af tM
rar. of nin~ pa c~nrwa p„ annu„q .nd ~N said co,n. charqe~ and ~xpMH~ Incwnd a paid, top~thN with wch iM~rat. ~MII b~ a~cw~d by th~ li~n of tAM
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0. ih~t In ttw w~rn of ~ny brNCh d this Morp~p~ a d~favh on the p~rt of th~ MORTGAGOR. a(b) in tM w~M ~ny of uid wmt of nqn~
h~ln r~f«nd to b~ not promptty snd lully p~id wifhirl tAi~ty (30) fliys nlxf ~hH fht iMN NvN~Uy b~com. d„* and payabk, wuhov~ dem~nd a no~io~
e+ W tn tM w~nt ~ac1~ ~nd ~wry th~ stip~?I~riona, apre~nn. conQ{rions aed eow~ana of a~id pomiaw.y not~ ~nd this nwn9~qt ~ny a~i+M. ~e ea
~+h. P~~+Pth ~ fi?I~Y PKfo?emd. d~uMry~d, ~xeeut~d, ~ff~et~d, eoenpl~t~d, eompii~d with and ~bided by, tha~ in ~itA~t or ~ny such ~wnt tM ~aid ap~
aw+» •w~? ,~~~o~.d ~ ..~d ~~,o.y ~w~. rh.n ~.n+a~~„+o w+~+~a. wai, M~~...~ +cc~wd .~+d .u ~+w~.ys .:cu..d hK.br. ah.n e.oo~+» dw «~d wr
abN fo?tAwtth, or thK~afe~r, at tM opr;on of said MORTGAGEE, p iully ~nd eanpl~~~ly if ~11 oi tM Nid wm~ of mon~y w~r~ otqiMtly atiput~ted
to b~ p~td on wd~ d~y. ~ny~hlnp in a~d praniawry no?e o? tn ~hb Matpp~ ro th~ contruy nwwirhuandiny: ~nd tMrwpon a~Mr~~h~. a~ rM op~an of
Nid MORTGAGEE, wirho~t not~u o. d~mand, svit ~t Iaw o? in puity, tMr~fon a tMr~aher b~yun, m~y b~ pros~cuted u H all moe»ys Ncw~d AKtby
had man+r~d pwr ro i~ tmtitutan.
7. TMt tn th~ ~v~nt that ~t Mre b~pinnina of or at ~ny ttm~ pendinp any wit upa~ fhis MatQp~. w to foreclow M, a~o nfonn tt, a to ~nforp
WY~M of any d~ims 1wwr~da, aid MORTGAGEE iMll ~pply to tM Coun Mvinp jwi~diction th~~~of fa th~ ~ppoietm~nt of ~ Rec~ivK, wch Caxf sMll
Fathwilh appoiet a nc~ivN of wld nartpap~d property ~11 ~nQ ~inpular, (nclud~nq ~tl ~nd ~inpvlu tM ineome. p.ofin, kiws u+d hwews from wMt~ver
wwa duiwd Nch ~nd w~ry of which, it b~irg ~apreuly undNaood. i~ Iw~bp mortpp~d ~t if ap~cific~lty sN fath and dNtribd in tFw pr~?tlnp and
Mb«+dwe claw„ I~~of. and wch R~iva sha11-Mw •II ~h~ brosd ~nd ~ff~ctiw funct~om +nd powert In anywi~ entrusted by ~ Cou~t to a Reuiva. ~nd
wd iPPa~tnwM ~Iw11 b~ nwd~ !w wcl~ Court a~n ~dmined eqvity and ~ n~n~ of ~bsolute ri9h~ w s~id MO4TGAGEE, and withow nfN~ to th~
~d~quacy or tn~dpwty of th~ w!w of tM prop~rty mor~~ap~d or to the solv~ncy or inwtwncy of ~atd MOR~GAGOR w th~ d~f~nd~ms ~nd th~t such
?em~. protit~, M~oan,, b~w~ and nv~nw~ ahalt b~ ~ppli~d by ~uch R~c~iva ~acordinp w tM p~n w puity of wid MORiGAGEF ad tM practic~ of wch
Cowt
To duM. W~P?h ~nd fully p~rfwm, d~ah~rq~. sxeM~. ~ff~ct, compl~t~. canply wlth and ~Wd~ b~r ~ach ~nd w~y th~ stlpulatlom„ p~~m~nt~.
oondlllon~ ~nd oov~ewnU N ~aid prombiory not~ and this morrpap~ wt futh.
9. ?hN b tlr ~v~nf fM orvn~nhtp of tM earty+p~d Pnn?~~u. w aeY D~rt tMnof, b~c+om~s vyhd in • perwn otFwr tMn tM MORTGAGOR, t!»
MORTGd?~EE. Ns woawan ~nd ~aipru, may, wirhow no~ic~ to tM MORiGAOR, dNl with such succ~uw or suae~so? in int~rMt with nf~nnq b tl~
maqp~ ~nd tM d~W Mr~by wew~d in tM sarrN m~nnK a wi~h Matyapw wlthovt In ~ny w~y vitiattnp a diseMroinp tf» Mort9pws• it~bilitp h~e~.
undK ar upon tM d~W 1~eby ~ea+r~d. No ials of tM p+~miHS iNr~by mortpap~d ~nd no forbNrana .en t1w p~n of tAs MORTGAGEE or fh wa~uors ~
or wfpn~ aed no ~xt«rion of tM tlm~ for tM paym~nt of tM d~M Mnby s~cw~d plwn by tM MORTCrAGEE or it~ woon~on w
~o rN~w. ~dwrp~, n+odify cMnp~ a~H~a Na wipin•1 Nab~iHy of rlw MORTGAGOR h~niq, ~kher In w,lwM a M part. ~II op~n»
10. tt i~ ~p~dHally pn~d that rMe~ ~ of rl+~ esienc~ of thla conrnet ~nd thn no vwhnr of ~ny obllp~tian Mr~urd~r or of tM obtty~tioe ~
arnd M~nby ~h.ll n.nr ttm~ Nw.ah~r b. Mld ro b. ~ w.~v.r of r!w »rms M?wf a of Nw Inaru?w~a uan~d Mrby.
11. tn ~tlon ro tM fwpo:np monthlY parenH?y of print:p~l and int~mt nquind by tIN promiwory not~ ~ecvnd h~r~by, nwrp~por cowMny
•nd pr«a ro p~y ro mortqspN with Nch monrhFy paYmN,t ~n ~dd;rjona! swn ..r~m.t.d b~r mw~pap.. ro b..qwl ~0 1/12 of fM •mwt coaf of H,. follow.
A-All rwl propMty qx~a bvied or ~uMSed apairut the abov~ described red pt~t~. '
6-Pr~miurm oo fa~ ~nd windnam insw~nce ~s F»roin raqu~red to b~ u?ried on 1M improv~m~nn situat~ on tM ~bow d~wib~d pr~m&~.
C-Pneniums o~ sueh matps~~ qv~r~~ry inaur~r,e~ ~s mortyaQ~t slea!! from t;n+~ to time de~m fh ro urry on th~ lo+n s~wr~d Mr~by,
Mort~ap~e ahatl fran ~im~ to tim~ norify mony~yw ie w?it~np of th~ amount dw ~nd p~y~bb Mnunder ~nd wch wm ~hall th~rwpon b~ dw ~ed
pay~bl~ on tM dw dat~ of th~ n~xt .monthlY paYm~nt and e+ch suahtiw mo~th tMn~her u~til nwnpa~ ~M~I notify mortppor of • chsrg~ in wch
~mount. S~th wms shdl b~ appli~d by mwtpape~ rowa~d the payrruM of nal prop~rty t~xes, imurMa prsrniwns, and matp+D~ pwnmy i~wrinw
P~~•
{N WtTNESS WHEREOF, tM sN~ MORTGAGOR ha hawnto ~et hh Mnd u~d Nal tM d~y ~rd t .
SipMd, S~sid an Itwr~h~ pr~ of: ~ . -
Y..-~<-a s.cr ~ t~4~ f LED AMO RECOROE~
s~~ RQGER P01~RAS" ic ae ams, a marr e a
~itRK C{°-C~17 CO
"`~Ed se ~e er, a marrl t
st~~ oF ~ioo!? MINNESOTA ~ M~,~ I 8 9 16 NN t 0
HENNEPIN ~ ~~~.sV.7v1
couHrtr oF
e.ro..~»p«.«~.a,.~....a Michael J Adams, a married adult ,~,d
~OS nh A F~edler_ a married adult „w~~ k„~,,,,, ~„d knownto rr~ ro b~
rir Indlvidwb d~wib~d In ~nd wFw ~x~cw~d tlw forpwrg inatrun+w+t. ~nd ~dmo~wi~dp~d b~fon n» th~t N~r ~~xKVt~d tM wrr iw th~ purpaM .
~dn acpr~~d, ~Iw/-th~M'~
~ ~ y~ber wpws~r iw +~iiF b~i~irrdwwl~pd ~ ~b~l~x~-n~e 11Mt ~ ~ wN- ~
~~r~f~P~+: . ~ppnlwn~ien,-or -f~ ~ k~ 1w~sNi 1w~Y~. ~
~ - ~r -
WRNESS my h~nd snd offkl~l ~1 1 n+h dw ~ , 19~
Naary Publk M~nd fv? th~ S~ ~/.iM~i/~~t Lar~ • '
R~twn Ta MY Comenyslon ~uplrNr ~ ; ' ~!'~~!^~±!~ra' s~,- ~ '
.
fira f~al Swlrps a loa+ I?~wci.tan
Of fort P~ru. JMAES O. ATI NS~A'/ ~M .'V f~ -
forf pJ~?t~. Florid~ _ NorMY Pt~IC. MrM~ ~+yt ~/~M? ,
~ tihr co~~iwo~ lav+~a IMa t• t~ _ ~
' i
T~tif Inttrument Prepared By Robert J. Evans, Jr.
Firat f~d~nl Savin~s b Loen Associstion
of fort Pierp -
Fort Pieres, Florida 33450
Checked BY ~ ~ D tt
bO~II~ ~F ~ -
' ~ f,~~_~.~,~~ sh ~
a
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w~ , . ' . ~ - ~~~.~~yr~--