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HomeMy WebLinkAbout0792 Bb K B ~2 3. To pltce ...d ccnli<1UO<H/y ...ep on rt-~ bvlldlngt rtOW or hef..ker ~,.. _ ..Id land aM on .11 equlpl"nt'\t .-ad perlO'1.lIy C'OYtl'ed by thl. mortg- ~, with .!I ",,,,,,Iumt II>en>on pai<! In fuJi, ii,.. insur.nce In the ~I lIand.rd polley fotm, In . sum .ppnwed by ir.. MOllTGAGEE, .nd windt!::.-,,-, Insur.ne. In tfw usu.1 .!.nclard polley form. In . .um tWf\.Ned by the MOIITGAGU, In .uch (.."'peny or compenl.. It t.... MOIlTG."-GEE m.y dl."" end .11 fir. .nd wMllorm u..urenc3 pollcl.. on ...y of ..Id buOld,ng.. eny In_I the<.1n tM pert tNrM>f, "" ,,," ~rag.'. wm .fo<...;d tM In ...c... ,""".d, ,h.1I conlrin I~ u."'" .,.nd.rd n1<<tgagee eI_ or luch othe< c1_ It the AlOortgl\1M -)' require, ma..1ng the Ioa& undet ,.id poll- cie.. t4ch .nd ."..y, lHyable 10 ..id MORTGAGEE .s lit Inter..t .....y .~r, .nd .Ki1 ..nd .very .v-:h policy .hell be promplly ..'illned .nd dell...r..; 10 .ny ....Id by uid MORTGAGH ., hrther ..cutity 10 ..!d ~. debl. .nd, "'" .... then Ief'I (10) da.,.. In adv.nce of t.... explr.tion of .t<h policy. 10 d<i- Ii....r to ..id MORTGAGee . r_.....1 thereof, 10Q4I1'- ....ilh . rt<.lpt for the pt"",ium of ...... r-.....I; ....:1 the.. """ be no f,r. or ",I,,<htorm In.ur.ne. pleeed on .ny of Mid building., .ny Inl...., ther.in tM part th.ereoof, unle.. In In. form end wllh the I~ pay.bl. al .for...ld; .nd In the ...enl .nv ,um of money be.ome. pay.bl. vnder .uch polley or pollciea ..Id M04HGAGEE .hall M". tIw opllon to re;:e;.... end apply 'No "me on eccovnl of the Indebled- neu ..cured hereby 0< 10 pcrmit lakl MOllTGAGOIlS to recelv. .~ u.. h 0< .ny part IhNe<>, '", olher pury<>lft, without luer.by w.iving or imp.ir- Ing eny equity, lI.n or rlghl under or by virtue of this mort"~.1 end In the .ven! wid MCPTGAGOQS Ihall fet .ny ,e.loC)('! f.11 10 ....p !h. ..Id pt.mi... so insured. or f.1I 10 dellv.r promplly .ny of ..id .,.,11e... of insur"",. 10 ..kI ,AOIlTGAGEE, or 1111 promptly 10 pay fully ,,'y premium lher.for '" In .ny r.,pect foil 10 perl",-",- dilCh.Jge, .xecul., .ffect, compl"I.. comply ....lth end .bi~ by Ihi. covenant, or .ny oar1 hereof, ..id MOllTGAGEe m.y plec. .nd pay for .uch in.ur.nee or .ny part lhereof wil"oul wlivi"ll or .ffe<.llng any opllon, liefo, equ,ty, or right under 0< hy vlrt.>t of Ihi. Mc<lgaga, .nd lhe full .m.>unl of ..... .nd .....ry such payP1tnt lhall be In.medlal.1y due .nd pay.bI. and lhell :.ear Inter,,' from the dal. li>ereof unlil p.id " lhe rUe of .,iM per .:enlum per annum .nd togelher with wch Inler.,' .".11 b. ltCured by tlw lien of ,.,. ~. 4. To permit, commit or .uff.. no w"'''' Impel.......t or deterl<<.lion of ..Id property or ...y pert thereof. S. To pay .11 .:-1d .inguler lhe COlh, ch.rge-s .nd ."potnl>'". Inclvdl"\j . r..sonabl. IMorneY" f.. .nd (()Oh of .~trectl of title, Incurred or paid ., .ny lime by uid MORTGAGEE, bK.u.. ()( In tM .venl of Ih. hilvr. on the IHrt of 1M ..Id MOIlTGAGOR 10 duly, prompl'y .nd fully perfo<m, disch.rge, uecul., .ffect, compl.'e, comply with .nd .bid" by ...11 and .....ry lhe ttip.,!.Iiona, "IIr.-'" condition.. and ::ovenenh of ..id f'>"omiuary nol. .nd Ihi. mortgeg. er.y ()( .11...., .nd ..id (O'h, (....tgft .nd ..pent... HCh end _try, ..,.11 be Immedi.tely due and paytblel whether or nol t...... be nolk. d. m.nd, .ltem~1 10 collec' or lUil pendi"'ill .nd t~ f\lll .",ovnt of .ech and ..".,." .uch paymenl 'Mil beer Int......t from t.... det. lhertoOf unlil paid ., lhe rIle of nine per centum pcr .nnum; .nd .11 ..id co.... cn.rg.. and ."ponte. incvrred or paid, tog.'her with luch Inl"OII, ..,.11 be .lC\Ired by the lien of Ihil motl"ege. 6. Th., (.) In lhe .....nl of ..ny bruch of Ihi. Monglll. Of ~f.ult on the part of the MORTG.~GOR, or (b) b the event .ny of ..Jd..uma of ~ herein r.f.rred 10 be nol promptly and ful'y paid wilkin thirty (30) d..,.. "..", .fnI the ..",. ........lIy become due .nd paylble, wilhout demand or notic.. or (c) in lhe .....nl .eeh .nd .very the .lipvl,'ioo.', Ill_t., conditionl .r.d awen.nll of ..id promi.sory not. .nd this mortgage .ny or .ilher or. no! :lu'y. promplly a:-1d fully performed, ditcharlled, uecvl~. effected, campl.,ed. <on1plied with er><t abided 'ty, then iI. .ither or .ny luch .".nl lhe ..id .~ greg,'e .um mentioned In uid promi..ory nol. lhen rem.lning unpaid, ....ith inl.r..I ecCfued. and .11 money. ItCUred bereby, .h.1I become due and pay- able forthwilh, 0< I~re.fter, ., '''e option of ..id MOUOAGEf, .. fully and campl.,ely a. If .11 of the ..Id .um. of money wer. orillln.lly .1ip',I.led to be paid on ouch tI.y, .nything in ..id prom:..ory no" or In Ihl, Mortg~.. to I~ conlr.ry notwith.,.nding; .nd ther....pon or lhere.her .1 the oplion of uid MORTGAGEE, wi!hovl notice or dem.nd, su" .t IIW c-r In equity, therefor. ..,. lher..ft.r begun, m.y be prOMCuled .. if .11 money. .t<ured Ntreby had matur~d plior to itl institution. 7. That in Ihe even I Ihat at the b-.ginning of or .1 .ny lime pendi"'il .ny 'uil upon Ihi. Mortgage, ()( Ie foreclOlt il. or 10 r.form iI, or 10 enfpree payment of Iny ellims h..reund..r, uid MORTGAGEE sh.1I .pply 10 Ihe Covrl havinc ;"d,diClion thereof for the oppo,ntmenl of . Re<:eiver, .uch Courl sh.11 lorlh...ilh apooinl a re<:eiver of uid mortg.ged property .11 .nd 'ingvl.r, including .11 .nd .i"llul.r the income, profill, i..ue. .nd revenue. from ",h..ever souree ,derived, each and every of whic~, il being upru,Iy undercto'.-.. II her.eby mort"aged .. If 'pccific.lly leI forth .reI Je.cribed in the gran.'ing .nd hab<>n(jum clauses hereof, and such ReceIver Ih." hlv. .11 tM broe<l ..,oJ .ff..llve funcllon. .nd pow." In .nYWlSe enhu"ed by . Court 10 . Receuer, .nd luch appoinTment ,h.1I be mlde by ouch Courl .. an .dmi".d equity .nd a meller of .bsolul. right 10 uid MORT~AGH. .nd withoul reference 10 lhe adequacy or inadequacy of Ihe vllue of the p.opcrl', morla';ed or 10 lhe solvency or inlOlvency of ..id MORTGAGeR or lhe defend. nil, .nd Ihat such rents, prof,Is, income, Inue, end- roven"". .hell be applied by .uch Ilec.lv.r .ccording 10 lhe Ii." or equity of Itid MOIlTGJ.GEE and Ihe pr.Clic. of luch Court. 8. To duly, promptly and fully perform, discharg., e_HV'., effect, co~lel., comply with .nd .bide by eech .nd .v.r)' the Ilipul.'ion., agreemenll, condition. .nd coven.nll in ,aid promissory nol. .nd Ihi. ",.n9.9a ..' fo<Ih. 9. Th.t in the event the ownership of lhe mo'1g.g.. premi...., or .ny part IMreof, become. v.sled in . pcrson Olher Ihan lhe MORTGAGOIl, Ihe MORTGAGEE. ill 'uccenors .nd Issign., mlY, wi!houl noTic. '0 lhe MORTGAOR, deal with .uch .ucce..or or .vccenor in i,,'ere.' with r.ference to Ihi, morlgage .nd Ihe deb! hereby u<"red in t"-e ..m. manner ., with Morl~agor wilhoul in .ny w.y vili.ting or d,scherging ,h Morlgl9otl' li.bilily here- under or upon Ihe debl hereby .ecured. No ..:e of tl>o prell'll,es hereby mortg.g.d .nd no forb..r.nc. on lhe p.rt of l!le MORTGAGee or ill successors or ...igns .nd no e"len.ion of 1M lime for lhe payment of tn. clebl h.r.hy aecur.c "iv.n by lhe MOIlTGAGEE or a. .u<:c...on or ..signl, Ihall oper.'e 10 rele..., d,sch.r"., mod"y change or affecl lhe original :i.bllily of 1M MORTGAGOR her. in. .lther In whole cr in pert. 10. " i. .pccific.lly I9reed ,h., lime i. of the e"9"" of thll conlract .nd Ih.I no w.lver of eny oblig.tion hereunder ~ of the oblill.'ion It- <<.lied hereby ,hall al any lime lhere.fter be held"Io be a w.ly., of the terms hertoOf or of lhe inalrvment ItCUred herby. IN WITNESS WHEREOF, .he said MORTGAGOR h.. her.unl' sel hi. han-3 .nd ...1 ~~ned, .se.led .nd deli'''er~in theX......,.. of: ~.... .L-/ .9 ~--ef f::..../ j:Wr ,ft; .f),JAV'. v .~ lhe .d.y ond yeer. fi~.t)/<>)I."id. W~.;:/ &~.,) . ~~~ 4.~ zS..-?./ L 7~ (Se.I) (St.r) (St.r) STATE OF flORIDA } ~ William I.u Bailey COUNTY Of Saint Lucie .' ~~. \. \ ": .-, ' ':,': .. .' '/.nd c . . " nl. wlf., to me well ~:~ MQwn to m. to be lhe foregoing IMfr.-.m, ..d ecItnowledged belen me tNt they .~ tt;;e ~,;. .oP ~ pv;s>c-a Lo1e S. B~iley .~.. ~'1'<,"""''''' (':.. wife of the laid WilllUlu Bailey ~ ~ . .&.p.!Uoo ~ ,Pro",t. .xtmint~lon by me laken ..par." and .part frOM hor ~id ~~, ed<nowIedg.d to .nd before 1M tNt .... .ucuteO "Ili. ~.nent freely a.oo VO~l,il't- ".;" ~d _,,""'" '0' ."""""..~ ._trM. .""'......~~ .... of ~ ..... .... ..~ ~ ~., .. .;. . ... WITNESS my ....nd .nd official ...1 this- /S'" - day of, ~2 ~ ,~ lr3J (l-..' ..~:, '.~~~ &.,.'~~~ Not.,., Public In ~:;~ oj Aor..... w.. My Comm.116fl . P\:bIl(~ ~ul~ 01 Ffl>rida - at t.ve Mr CoausUsion hp:'~ UOY. 4, 1961 ......., Iy "-lcea f.. & <=->WIIy Co.. the Before me perSONlly appe.red Lois S. Bailey Individu.l. dcacribed 11'1 .nd who eJ(llcuted Iherein ."pr...ed. And ,''' .air! Return To: Fint Federal s.vInsP .. loG-, Of fort Pi..... fort Pierce, FIorlde AaeocNtiofl 931!.J'1 I'! fILEP~CORO~~, ~-;--- ~uuK 'O~ "-R .... ! .I,,!:) P:\: 2: 25 ~~O,G,~R. ~~ITR/1S. Cl[nK l. . , . , 1, ll"'.,.. r I .,~, ',t! I. I I) h .! A ~ .ppla," ',/. ;. '-~ "\ \,-'. 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