HomeMy WebLinkAbout1877~.R. 5~ F~~,.51~
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3. To pi:ce and r:ont'.nuovtiy ktrp on the bufldilsge novr or M~aafter sitwte an uid land end on all puipment and ptrsonal:y covarod by this mortg•
age, with all premiums ff,treots paid In full, fire bnxrsanta In th4 uowl Narrdud pofky form, in a sum approved by the MORTGAGcE, and windsrom
Inwrance in 7fse vsuat standard pallq' fxm, In • wm approv+d by the MORTt3AGfEE, fn such eompany w cOrnpaniN es th;t MOkTGAGEE may
direct; and a!i fire and windstorm Mswanp polkfa tsn .ny of said buildings, :uty Interaal tMrein cr part thereof, In the a99rega» Burr •Foresaid or
In exceu thereof, thrll contaM rho sNwl standard tnortgagw dauee or such Dearer dame N the Mortgagare may require, nir,king tM loos under raid ?oli-
da, each and awry, payable to atW MORTGAGEE tie bts 4ntereat may appar, and mach arvef every such policy sl~nlf be promptly ns,gned and deliv^red to
any hold by saidsMORTGAGF.E as fust2rr secwity io rind mert¢ege debt, and. not bas than toss (SO) days in adrarsce of tM ~xpiratbn of each policy, to dt-
iww to said MORTGAGEE a renewal tfsertof, togtthelr with i receipt for tM promhrm of ouch renewal; and there sMll bs no lira or windstorm insurenco
placed on any of sold butidirsgs, any IrterMt tfwrein d part thereof, unless in tls~ form and with the foss payable es aforesaid; and in the event any wm
of money becomes payable under such policy or polidtn acid MORT~iAGEE reboil have tM option tc -'_:•~ive and apply tM soma on account of the :ndebtad•
Wass aaured hereby or ro pNmlt Nid MORTGAGOR3•ro reuiw and sste h a any part thereof for other purposes, wir}wut thereby v,aiviiy or i•npa'v
ing eny equity, lion or rlpht ursder a by victor of tMt mortgage- and bn tfse event acid MORTGAGORS shall for any reason fail to keep fM said premises so
Insured, w fell to deliver promptly ary of Bald policies of Insurance to said MORTGAGEE, or fail promptly to pay fully any premium thrrefor or in any
respect fell to perform, discharge, executes, effKt, complete, comply with and abides by this covenant, or any part hereof, said MORTGAGEE may place and
pay for each inaurynct o- trey part tMreof without wrivirsg W affecting any optirn, lien, puity, or right under or by victor of this Mortgages, and the
full amount of ach and every such payment atoll bt Immediately des arsd payable end shall beer Interest from the dots thereof until paid at the rate of
nine ~,ar centum par annum and togetMr wRh such Interest shat! be sacursd by the Item of this mortgage.
I, To pa:mit, cornmft o< wfftr na waste, Impalrtnent or dettrioratlon of u'd property or any part thereof.
5. To pay all and tlrtgulor the cosh, cMryes and expertsa, Including a reasonable attorney's fee and costs of abstracts of titles, Incurred or paid at
eny time by sold MORTGAGEE, bscauN a in 1M want of tM failure on tM part of the +aid MORTGAGOR to duly, promptly end fully perform, discharge.
execute, effect, complete, comply with and abide by each and wiry >hs stipulations, sgreemenh, cocditions, and covtnanh of said promiuory note and this
• mortgage any or either, and laic costs, ct.orgts end expenats, each and ovary, atoll be immediately due and payable; whether or nor share be notice de
mend, attempt to cuilsct w auii r„sn:);;.yTy iiti~ 'ha fill srr:,unf of :ach and ,ovary a+cfr payment shalt bear interasr from tM data thereof until paid at the
rate of ntna per centum per annum; a:td :II said costs, charges +rtd expenses incurred or paid, together with such intartst, shall M secured by the lien of this
mortgage. - .
6. That (e) in tM want of any breach of this Mortgage or daftsult on the part of tM MORTGAGOR, or (b) In the event any of said turns of money
herein referred to be not promptly arxf fully paid within thirty (30) days next after the some sever.lly become due and payable, witfwut demand or notice,
or (c) in the avant each and every the attpu!ations, agreements, conditions and covenants of se'd promissory note and this mortgage eny or eirhar are not
duly, promptly and fully performed, discharged, executed, affected, completed, complied with end abided by; then in N:Mr or any such event the said ag•
gregata sum tnentio.ted in Bald promiuory note then remainirsq unpaid, with inures! acuued, and all moneys secured hercby, shall become duo and pay
able forthwith, or theresftar, at tM option of sold MORTGAGEE, as fully and completely as If all of the said sums of money were originally stipulated
to be paid on such day, anything In said promissory rsote o: in this Mortgage to the contrary notwithstendlrtq; end thereupon or thereafter at the option of
said MORTGAGEE, without notice or demand, suit at law a in pasty, therefore or tftereaher begun, may be prosecuted as if all moneys secured hereby
hod matured prior to its institution. _
7. That in the went that st the beginning of or at any time pending any suit upon this Mortgage, or to foreclose it,-r to reform it, or to enforce
payment of any cleimt hereunder, said MORTGAGEE shall apply to the Lburt having jurisdiction thereof for the appointment of a Receiver, such Court shall
for:hw;rh appoint a receiver of said mortgaged property ail end singular, inclvd~nq all and singular the irxome, profits, issues and revenues from whatever
source d.rived, each and ovary of which, it Ling expresfly understood, is Mreby mortgaged as if specifically set forth and described in the granting and
hat:-0ndum clauses Mreof, and such Recaivar shall have all the broad and affecti~•~ functions and powers in anywise entrusted by a Court to a Receiver, end
such appointment shall be made by such Court es an admitted equity and a matter of absolute right to said MORTGAGEE, end without reference to the
adequacy o: inadequacy of the value of the property mortgaged or to the soivency or insolvency of said MOkTGAGOR or the defendants, and that such
rents, profits, income, issues artd revenues shat! be aFplied by such Receiver according to the lien or equity of said MORTGAGEE end the practice of such
Court.
8. To duly, promptly end fully perform, discharge, execute, effect, completes, comply with and abide by each end every the stipulations, agreements,
conditions and covenarts in said promissory Wort end this mortgage set fortis.
9. That in the event the .ownership of the rtto:igaged premises, or any part thereof, becomes vested in a person other then the MORTGAGOR, the
MORTGAGEE, its successors and assigns, may, without notice To the MORTGAOR, deal with sorb successor or successor in interest with reference to this
mortgage and the debt hereby tscured in the same mmner as with Mortgagor without in any way vitiating or dictherging tM Mongagort' liability Mrr
under a upon the debt hereby secured. No sale of the premises htreby_inortgaged end no forbearance on the part of the MORTGAGEE or its successors
or assigns and no extension of the lima for tM payment of the dabs hereby secured given by the MORTGAGEE or its successors or assigns, shall operate
to release, discharge, modify change or affect the original liability of the MORTGAGOR Mrain, either in whole or in part.
10. It is specifically agreed that time is of the estence of this contract and that no waiver of any obligation hereunder or cf.the obligation se-
cured Mreby shall et any time thereafter be held to be a waiver of tM terms hereof or of the instrument secured herby.
11. In addition to the foregoing monthly payments of princ~pal and Interest required by th- promissory note secured hereby, mortgagor covenants
and agrees to pay to mortgagee with each monthly paymont an additional su+n estimated by mortgagee to be equal to 112 of the annual cost of the follow-
ing:
A-All real property texss levied or assessed against the above described reel estate.
B-Premiums on fire end windstorm insurance as Mrsin required to be carried on the improvements situate on the above described premises.
C-Premiums on such mortgage guaranty Insurance as mortgagee shall from time to time deem fit to carry on the loan secured hereby.
Mortgagee sha:i from time to time :eerily mortgagor in writing of the amount due and payable hereunder and such sum shall thereupon bs due end
payable on the due dote of the next monthly paymont end each successive month thereafter until mortgagee shell notify mortgagor of a change in such
amount. Such sums shall be app:ied by mortgages toward the payment of real property taxes, insurance premiums, and mortgage guaranty insurance
premiums.
I WITNESS WHERFOF, the said MORTGAGOR had Mreunto set his hand and seal the day end ear first aforesaid.
ed, al art<~delivered in the presence of: ~~
"" ~ (Sees!;
G- _ Q~ Zv~ (Seal)
(Seal)
STATE OF FLORIDA
55.
COUNTY OF S t . LUC j, e
(Se a I)
As Trustees of Apostolic Church
of Jesus
Before me P~srsonally appeared TAmaa Tg~1 my Tnh`i Tynrv i Ayrl9Q ~;mi rn Anr1 .inA 111In8S- _-e,d-
Ag Tmtatasaa o~A.~~ngtnl i n r~l ]rC Af ,T P.4T13~ -h}s-vrffs, to ms well known and Rnown to coo to be
the Individuals described in and who executed tM foregoir>fl irtstrumsnf, and a~9crsowledr±ed -sefors me that they executed the same for the purposes
1Mrain expressed. And~Msa"
wila•ai~fit;~ -u}san-~a-sapar~s+o-sad pr'wsb
'e 7RmirreriaR ~ area. teleon• ae}serats-end-a'aM-from der ya+c+-~wsbanis •aeknaMltdsed ~o-aad be4ore-rnt •1Mf-sbe-esrNVled +sid-IMlwa±afi• flatly and ~+awr.
.rarity ~rsd-wirktout.awy-aa~wkian.-aanataalay. apFrrafwnaiary. ar-faa- of -0a- faows.tstr-said-hushtaasd.
WITNESS my hand and official sasl this 1~th day of A. D. 19~~
No*ary Public •i r! :rd far the State of Fbrida et largo
,.:ry N; Cra,•nission expires:
F}rst\F,er t~fw)ca,~:~lcen Association
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1962 DEC 10 FM 3. 1 ~
Notary Public, State of Florida at Large
h!y (:omr:usson Exp'res April 24, 1965
Bonded by (rety Co. of ~. Y.
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ROGER PQiTRAS, CLERK ~'~!'"z~;
ST. LUCIE COUNTY, fIORiDA C~ ,•
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