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HomeMy WebLinkAbout1452 ~ 3, To plk. .nd conlinuoully kMp on IN building. now Ot ......f1., alIVII. on uld 11".d Ind on III .qulpme'" .nd ~. lon511t eo--.,e<J by Ihl,' morr~, eg., ....Ith III p"..."lums tMreon pl;;:1 In full, 11,. In...,r....,. In It.. "lu.1 IIlndard policy fo".., In . Iwn IpprO~ed by 1M MORTGAGEE. .nd w,nd"orr" Inourenc. In Iha utual Illt>dord policy ~onn, In a 'u", Ippro"..:! by the MORTGAGEE, In luch eomp.ny or comp41nl.1 .. lhe MORTG~GEE . m.y dirKtl attd .11 fit. tnd wind.,OtTr. lnauttnee politi.. on eny of uld building., .ny Int....t lheteln or parI lher.ol. In I'" Iggregtl' 'um ,'or...,d or In axCltll I~eof, t!\all conllln the Vlual tlattd.rd mor1GaQfi CII\1M 0# .uch ol"'r elIUI. t. ,''' MOllg.gea m.y ..qui.., m.king '~ 10.. undar 11,<1 pol,. tiel, e.:h .nd a~.,y, p.oYlble tw> uid MORTGAGEE.. In Inlllnt m.y a~r, Ind .ach Ind .vary luch policy Ihlll b. ptoml'tly "",gn.d and d.It~.red '0 a:,y ~..Id by Mid MOllTGAGfE II fur!"'r lacurlty to Mid m<>nv9ga deb!. Ind, nol I... tMn fen (10) d.). i.. .d~.nca of ,''' expiration 01 eoch p.;>J;ey, fO de- llvar 10 ..Id MORTGAGEE I r_wII ,"'raof, logathat ....llh I re<aipt for ,''' premium of lueh renlwtl; Ind Ihe.. Ihtll be no lir. ~r wlnd.torm imurtne. piKed on Iny of ..Id b"ildingl, an, Inl",..1 I.....ln Of p41rl Ihlreof. unle.. In ,''' form Ind with lhe I",. pay.ble .. Il00lllld; Ind In lhe ..~.n'. "~y .um of ",oney bKomn p41ytbl. uncl.r lueh j.lOlicy Ot polic~t ..Id MO~7GAGEE INII h..... ,''' oplion 10 recei~.. Ind .pply the ..ml on account "I Ihe onae~t.d. n... lKured hat.by Q( 1<: permil ..id MORTGAGORS 10 r_i~e InJ ...H il Ot any parI ,h.r~f ler o.her purpo..., wilhovl th.reb, w,i~,('~ 0' .mp.i,. Ing any equity. IiI" 01 right under Ot by ~lrIVI of Ihl. monglgll end In the .~.nl uid MORTGAGORS .hlll for any re.son fall 10 k..p Ihe lIid p'em.... 10 In.ured, Of fail to <kli~., promptly .ny of "id politi.. 01 Inlurane. 10 u;d MORTC,AGEE, or fail promptly to PlY lully Iny premium th..relor or in l'lr r..~ fall to perform, cliKhatge, cucute, eHod, c~ta. comply wi;h and 1~;d4 by 'hi. cov.nlnl, Ot Iny port h.....I. ..id MOilTGAGEE mlY pllC' Ind plY fOl' .uch IN"tlnc. 01 a"y p41rt I....eof wilhoul wllvl.-.g Of IHKling any opti;)ft, lien, equitv, or rlghl unde,' or l:y "irlu& 01 Ih'. "'.orlgage, Ind lhe full 6mo-,"" of MCh and '''Iry Iu;:h p41ymenl INII b. IlI'ln'Iedi.'ely due Ind p41yable Ind .hlll bur i'lt...1I from Ih. d.t1 lher...f until paid II the r... of nine per centum per annum and togllMr wilh tveh Inl.r"l Ihlll b. .lCul'9d by lhe lien of Ihll mortgage. . .... To pwmh, commit at I"H.r no WI.'., Impairment Ot clel.rloratlon of uld property or any plrt lhereof. ~, To poy III and .ingular In. cOlli, cherg.. attd al<plf\t... lnc!,,<ilng a reasonabla IIIOtney'. I... and eo." of Ib.t"," of lill.. Incurred or plid at Iny lime by laid MORTGAGEE. i,ec.ule Ot in In. I"enl of the failure on 'n. p41rt of lhe uid MORTGAGOR to duly, prompt;, Ind lully perlorm, di.charg., UK"", .lIed, complet.. <:omply wilh and Ibicle by etch end ."Iry lhe ,'ipulltion., agreemenl., cond,'ion., and co~.nlnh cI uid promi.sory nole .nd :f". mortgage any or lither. and Mid COltl, eNrll" .nd upe...... .a;;h Md every, shall b. Im~i.lely due and payabl.; whe'her or not tn... be notice d... mand, I"amp! 10 collect 01' aui' ~ongl and In. full amounl of MCh Ind every luch p41y"'."1 ~II b." Inler.tl from lhe <uI. lhereol unlil p41id II ,h. fI'" of none per C""um per annum; and III uid co.... chera- ..nd expen... Il'IC\Irred Ot p4Ild, logeln.r wilh lueh Int....'. .hlll b. lecuted by the lien 01 Ihi. mot'tllage. 6, ThaI (a) In tt.. ""Inl 01 Iny brakh of this Morlgagl .:>r del.u!t on tn. p41rt of lhe MORTGAGOR, or (b) in lhe e~enl any 01 laid lum. of money h.r..ln ..Ierred 10 b. nol promptly and fully paid wilhin Ihirty' (30) dlY. nul 1ft.. In. lime ..~ertlly become due Ind p41yl'ble. withoul demlnd or notice, or (c) in 'n. evant H<h and .~.ry lhe lIipuraliON, ag...men". eondllion. and co~.nenl. 01 ..;;:1 I'rominory nO'e and Ihi. mor'gag.. Iny or .ith.. ar. nol :kily, promptly and fully perlormed. discha'ged. uKUled, eHKted, compleled, complied with and Ib;ded '>Y. 'Mn in .i.her or any .ucr, .\/'>!'ht the ..id ag- greglle lun, mcnlioned In ..id promissory nol. lhen .........alnlng unp41id. with in,...., ICcr~, Ind III mon.y. secured hereby, .hlii become due .nd pay' able forlhwith. Ot ,n.rnfter, al Ihe oplion of uid MORTGAGH. II fuiiy Ind <ompl,'ely "' if III 01 Ihe Ilid .um. 01 mon.~ w~re ortginally lIipuio.ed to be p.olid on luch dlY. Inythlng in ..id prominory nole or In Ihls Mongag. 10 Ih. conlrary notwilh.tanding; .nd ther.upon r)f th..e.'.er at Ih. option 01 aa!d MORTGAGEE, wirnoul no.ice or demlnd, .,,11 II Ilw or In equity, lherelor. or thernh.. be9un, mlY be prolecuted .. if oil mon,y" .ecured hereb f hId matured prior to it. Inslitulion. 7. That in the event 'hoet at the be-g:nni"9 of Of at any time pending _any suit upon this Mortgag~, or to foreclose it, .or 10 reforr.'l it, or to enforce paym.nl 01 ony ellim. hereu ,der, Slid MORTGAGEE .hall Ipl'ly 10 the COurl ha~ing juri.diction Ihereol lor ,h. appo,ntm.nt 01 I Receiver, .ueh Court ,h,1I forthw;rh appoint a recei....er of laid mortgaged property all and lingular, including .11 and singulo!r the income. prohts, i\1ve-s and reyenues frem whatever SOurce deri'Ve-C. each and every of which, it ~jng expressly und.rstood, is ".ereby mortgaged .!II if Ipecific.!IlIy let forth and described in the granting arid habendum clauses he-reof, ana such ~~ei"'er shall have all the broad and effe-<:tive funct;onl and powers in lInywise entrus!ed by a Court to i'1; Receiver, and luch appoinlm.nt .hlll l:.e mad. by .ueh Cour' J' an Idmitt.d .quity Ind. malter 01 Ib,olu'e righl 10 .oid MORTGAG~E, and without relerenee to .he .d.qu.ey or inadequacy of .he ~llu. of the properly mortg.ged or ,a the lolv.ney or in,olv.ney of ..id MORTGAGOR or Ih, delend.nll, and Ih,t ,uch renll, profil', income, issuI' and- re~enue' .hall be Ipphed by I\Jeh Recei~.. .ccording '0 the li.n or .quity of ..id MORTGAGEE and Ih. practice 01 'uch Court. 8. To duly, prompliy Ind fully perlorm. dild,arg., .xecut.. .!feel. complel.. com~ly with Ind .bide by ..eh .00 e~ery I~ stipulltions. ogre.menll. conditions ar,d covenantl in laid prominory note and this mortgage aet forth. 9. Thll In Ihe .v.nl Ihe ownership of Ih. mortgag.d premi..., or Iny PI" Ih..~f, becomel "..ted in a person other Ihan the MORT::>AGOR, If,. MORTGAGEE, its successors and auigns, may. without nOlice to th. MOR!GAOR, deal with luch successor or luccessor in intereu with reference ro this morl9.ge end the debt hereby Ie<vre-d in the iame manner as with Mortgagor wi!nout in .ny way viti.!lling or discharging the Mortgagor)' liabilify ht:re- under or upon lh. debl h<-,.by .ecured. No ..Ie of In. pr~mi.e. hereby mortgag.d and no lorbearance on Ih. p.rl 01 th. MORTGAGEE or if> ,';ece"o'l or ."ign. Ind no ext.n.ion of Ih. lim. for the Plym.n' 01 the dabl ~reby secured gi~.n by ,n. MORTGAGEE or ill '1.1"15.0.. or "',g'l'. .hall operate 10 rei...., dilCharg&, modily chang. or allect lhe originll liability of In. MORTC,AGOR ~r~i.., .ith"r in whole or in parI. 10. II i. lpecifically agreed Ihal lim. is 01 I~ .....nee of this contract .nd Ihll no wai~.. 01 .ny obli,,"tion hereunder or 01 Ihe obl;da.i(ln .e. cured ~..by Ih.1I at any lime I~rnlt.r be helcf'Io be a wai~.r of Ihl ,....... h.reof or of lhe Inltru",.nt .ecured h.rby, IN WITNESS WHEREOF. Ihe ..;d MORTGAGOR hO. Signed, lied Ind d.li~ered e pr..ence of: ..:-";) -< I~ 7n. Lr~/ (Seal) STATE OF flORIDA COUNT'f OF S9.int Lucie $S.. &.fora me penonallv aPP'''l,d MBrV' r;ec1l .nd ~rAwtrm DOl'ot\.,v , Newton hi. wll.. ," me w.1I known .nd known 10 me to be and Icknowledged b.fOtI me Ihll Ih.y execuled the ..ma for Ih. purpo"" Marv Dorothv Newton lhe indivldulll c1eK'ibed In attd who e""cvted the for~oing In,'rUl9'lllt, .....rein Upr.IHd. And the Mid wife of the laid Cecil Newton uamin.tion by me I.lten Mplrala Ind ap.rt frOf'1 Nr ..id hu.b4lnd, .nnow!edgtd to and before me Ihal .he ,,,OI, ,... .;...... ,., -"'."" _ff'''''. -:";;"";,t f." ,f ~ f,~ '- po E- "h WI~N~ ""Y,. hend And offkial "II thI. - day of _...... ~, ~ 'r!!'/i ,,-,,-. ~ " /.1 /' . ." (j [; ,:"';/, -.// Cy, ......2Y-c..~<...../" f" ~~ ....:I..).~..<..:.r ", -y J j';~,f-~l.i.i.o:_ ~ ' : ~ _..ef" !.~ ~ ' :: ~~ O~~.~, "~ :';~',< ~'~:~:';.',,<~-::/ .. -. . ~l..~ :;tO~"~" upon a leperale and private .xecuted ..id inslrumenl fre"Iy ond ~olun- A.D.19~ NOllry Public In .nd .for the SlIle of Floridl II urga My Commiuion u~ Public. Slt!c or fbid. at Laroe My (oll1miuion Expires tloy, 4, 1961 IIo4ed ., "-l01I fin&. ea......, Co. ..; ~ ~ . ---- 93589 FILEr M~O R.ECO~,QEQ IN~~(~?k"";\ 1%: '-'~" ;- . , , ' e '~, ~,;~'~:h;). '. -....,. ',-: \."- :; ~, ~~!;;;(~::< ~,~~ } '~.' : ','. J . /.. ." \ :' ." . (, ,: .- '~'.-..'~';/ :::..<:~';,:>" / ""'/, S r, \,v., ", 'I!"..,. "..,,1" 'S ?~l "'.. ') . .I. .) . , r:.""" ,. I', .J . ". \ I '" I , ; s r. LUCIE COUNTi. fL01..~H "1~. /k-- ....