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HomeMy WebLinkAbout0179 i~~ 57 FASEt7"? 3, To pla.:. .nd conttnuouely keep on the bull.... _ Of '-1M'" lIlt'.,. Of! MId I6nd end on ell ec;vlP"""'t .nd ..~lIy ((illerc,J by Ihl. rnor'g- eg., wI;' .11 ptllf\.lull\l ~ plod In fvll, tire Ineut_ 11\ the v.",.1 u.nde<<:I pollo:y fvMI. :n . wm ~pto..w by the MORTGAGEE, .nd windllorm INur.nc. In the Ulu-tl "..-deft' policy fotm. In I __ .....-1Il IJr ~Jt()tTOAGH. In tudI CQmfHl1y or com~l" .. ,''' MORTGAGEE m.y dirtt<Il et>d III fl.-. and wlnJ.lOnn "-_ ,..olld4o .. any of Ilk! WIdinp, ftrrY 1":_' therein Of pilI IMtlOf, In 11>0 eggrlg.le 10m .Ior...id cr In exc... th.:...w, ....11 conl.ln tile UIU-II C1anckM --.. d_ Of wch ott- cl_ It the Mortg~ mal' r~lIlr., mtUng 1M lOll ulld.r ..:d po'~ ele.. ..ch Ind -'Y, j:>Iy.blo to Mid MOltTO^GU .. '" 1nIw... /YIIY ...-' end uch and .very .uch policy .;~.II t.. promp:iy .uigned .nd daliva,ed 10 Iny M'd by Mid MORTG....GEE .. further MCVrlly 10 ..Id _~ debt, and, not Iett IMn tori (10) daY' In adlll~ 0': 1M axpllltk>n 01 ..ch ""licy, 10 de- liver If) I.id MQRrGAGEE I r_w.1 ther9of, togeth.r wll" I IK-'pl for .... ~nkInI of IUCh.. '_w.!) and lher. .h.1I t.. 1:0 fir. or wlndllorn> Inlu,anc~ p!Ie"'! on .ny of Slid bulld'~., .ny In'....., th.reln Of part thereof, un.. In 1M form lne; with It-.. I~. ply.bl. as IIf:)(u.ldl .nd In 1M .venl .ny lum 01 monoy be<omet p.y.bl. u~ .uch polley I>( poIldea Mid MOlTG"GfE .Mil M'" t'lI option I~ rKe!v. ....; .pply Ihe 11m. on .ccounl of IIlI Indebt~::l. r:.u H<ur..,! lnroby or 10 plrmit Mid MOilTG.MiQIlS 10 receive Ind UN II Of Iny p.rl Il,.reol for olMr PUlPOl"l, wilhoul Ih,,'eby waivi"Q 0' Imp.ir. Ing .ny I'quily, liefl 01 ri9hl unde< Of by VIrtue of t~ 1ftQt1g11l1 Ind In the ,vent uid MORTGAGOIlS ahlll fat Iny rouon fill 10 keop thl uid plemiles lO In.ured, or ..11 to dellv... promptly .ny of ..Id poltd.. of IMur.ne. !o ..Id MOIlTG"GEE, or fli! ptomplly 10 ply lully .ny premi\.'m lhereior 01 in .ny rlSpKl f.1I to ~rfOtm. ditchargo, ex~l" effect, complete, comply with and abide by Ihi. cov.nant Uf .ny pllt hereol, uid MORTGAGEE m.y pl.ce a,'d p.y for .vch Inlurenc. ~ .ny pill lherl?f without w.lvlng Ot aHect'ng ony option, I..n, equity, 01 righl unci... or by \r!rlUl of Ihh M<:>rlg.g.. .nd Ih. full .mounl of .ach .nd Ivery .uch plyme:'ll .11.11 be Immedi".ly du. .nd f>lIy.bla .n<! .h.1I bell 'nlereal from Ih. d.t" lheleol unlil p.id II Ihe role 01 nint plr centum pfi .nnur.. and tog.IMr with aveh inl.r"1 ah.1I be IKU''''! by 11>1 lien of Ihis mortg.ge, 4. To permit, commll << .uHer no weste, impair....", or del...Ior.lIon of wid prOplrty or .ny plrt Ihtreof. 5, To ply .il .nd lingul., 1M coal'l, ch'fl:" .nJ '><pen..l. including I ,.a.onebl.,llor""y'. fee ",d ~0.1. of .btlflcts 01 liil.., Incurred or paid al eny time by uid MOIlTGA(;EE, bee.u.. or In IhI ov.nl of 1M hilur. on 1M p.rt ('of IhI .ald MORTGAGOR to duly, promptly .nd fully perform, o,,,h.'ga, e>,ecule, eHlct, conoplele. comply with .nd .bld. by each .nd Ivery 1M .Iipul.tlon., egreamlnll, conelJtiom, end coven. nil 01 uid p,ominory nole .nd Ihil /TlO(lg~1 any or eilher, .nd ..id COlA, cherge~ .nd aXpln,", Nch Ind .very, th.1I t.. Inune-dlete1y .;Iuo .nd ply.blo; whelher or nol there be no' ice de- mind, ."ampl 10 colle<! or au II plndirll' and the full smoulll of .lCh Ind 'lfVery such plymonl shall t..ar Inlarell from 1M cHI:) Ihereol unlil paid 01 Il>e rile of niM per cenhJm per .nnum; .rod .11 .lId c.:ltll, chlrll" r.nd ....""nle. InI:\:rre-d or p.old, logelher wilh wch Inl..r..', IheU t.. aKured by Ihe lien 01 Ihi, mQflg.g.. 6. Th., (.) In Ihl .....n! (>f InY Noach oi Ihla Ntortg~. or def.ull on ,''' plrt cf the MORTGAGOR, 01 (b) In Ille evlnl .ny of ..id .ums 01 money herein referre-d 10 t..e 001 promplly .nd fully plld wllhin Ihlrly (30) d.)'1 nexl .fte, Ih. ..me lever.lly t..Coml dUI .nd ~y.blo, wilhoul dem.nd 01 nOlice, or (c) In Ih. .vlnl IIch .nd .v.ry lhe .tipul.lions, IlJr..ment~, conditionl Ind covo",nl. of I.id pro;nluory nol. and Ihis ""'lIg.ge .ny or eilher lie nol 1uly, promptly .n<! lully plrformed, dilch"ged, axeculed, affected, completed, complied with .nd .bid~ I)y, lhen In eilhttr or .ny luch evenl Ih.. ..id ag. gregatft .um menlio,-..d In ..id promillory notl then rern.lnll\(l unp.icI, with Inl..III 'CClUed, and .11 money. N<urKl M..by, Ih.1I become du.. and p.y' .b:e lorlhwilh, or ther..ft.r, ., lhe oplion of lIid MORTGAGEl:, .. fully .00 complotely IS If .11 of Iho "id .uma 01 monlY were oliginally llipulaled 10 be peid on luch day, .nythlng In Itid promlucry nol. 01 In this Morlglg. 10 lhe conlllry notwilhU.nding: .nd Ihereupon er lhel.ahel al the option of uid MOiHGAGEE, withoul nolice or d~m.nd, suil ., I.w Of In equity, Ihurofl or th~r..ltll begun, ,n.y be ptouculod It if .\1 moneyl lecur..d he'eby had mllured prior 10 ill Inatltulion. 7. ThaI in 1M Ivenl Ihal .t Ih. beglnnil\(l of or ., .ny lima pending .ny .uit upon Ihll Morlgage. or 10 forecloll il. or 10 ..fe,,,, iI, or 10 enforce paymenl 01 .ny cl.ims hereunder, uid MORTGAGEE Ih.1I epply 10 the Courl hevlnil IUlilC:iction Ihereol for Iho .ppoin:menl 01 . Receiver, .uch Court lh.1I 10rl"....,lh appo;nl a receiv., 01 ..ld morlgaged pI~rty .11 .nd lingulll, Incivd,r~ .11 .nd s;"'Julll Ihe income, prolil', iuull and levenue. from wh.leve, lource derived, etch .nd every of which. il being expreuly undlrstood, II hereby mo<lgaged It if .peeiHcally leI lorth and de:crlbed in Ihe gran.;ng .nd habendum clau.e. h"reol, end auch Receiver Ihall h.vI .11 Ihe bro.d .nd effectivI funclionl end !'Owe" In .nywil. enlrUlle-d by a Cou,1 10 a Receive" and such appoinlmenl lhall be m.d. by luch Coull.. .n admitted ec;uily and. _ner of ablOlul. rig hI 10 uid MORTGAGEE, .nd without ..Ierence 10 Ih. adequacy or in.dequ.cy 01 Ihe value 01 Ihe property morlll.ged or 10 Ihe lolvency or imolvency of ..id MOIlTGAGOR or th~ delendanll, and .hal l,;ch ren". profit., Income, illues end reven.)1l sh.1I be .pplie-d by such Ilecalver ICcording 10 the lien or equily 01 ..id MORTG!\GEE and II.. practice 01 luch Courl, 8, To duly, promplly .nd fully perlorm, dilchtrge, execute, effect, compllto, comply with .nd .blde by I.ch .nd every Ihe atlpulltionl, eg,eemenis, tondilion. .nd covenanll in ..id promiuory =10 .nd Ihis morlgelle III forth. 9. Thai in Ihe evenl thl ownership of Ihe mortgailed premilll, or .ny pill lhereol, beco.....es velle-d In . perlOn olher Ih.n Ih., MORTGAGOR, Ih~ MORTGAGEE. II. lUCCeUO(1 and auignl, may, wiihoul nClice 10 Ihe MORTGAOR, cleel wit" .uch luccessor or luccenor in inle,elt wilh reler.nce to thil morlg.ge a.,d Ih. debl hereby secured in Ihe ..me m~nner u with M<:>rtg.gor will.oul in .ny w.y vilialing or dilch"lling ti,. Mortg.gorl' liabilily here- "nder or u;><>n Ih. debt her.by lecured, No ule 01 Ihe premiltl hereby mortl;.ged .nd no fnrbetr.nc.t en Ihe parI 01 the MORTGAGEE or ilS lu(cen"rs or euignl .nd no exlension of Ih. lime lor lhe p.ymenl 01 Ihl debl hereby lecured given by Ih. MORTGAGEE or I'. .uccessorl or Ulignl, ,h.1I opera I. 10 rel..,e, d'lchuge, modily chango or .ff.cl th. t)rigintl Iiabilily 01 Ihe MORTGAGOR herein, .ilher in whole or in put, 10, It il specilieally I9r...d Ih.1 110..,. is 01 tho ..,u.r,ce of Ihis conlrecl .nd Ihel no w.lver 01 .ny obligllion hereunder or 01 Ihe obligllion le- cured hereby .h.1I .t any lime Iheretlter be held 10 t.. . w.iver 01 the 'erma here<>1 or of Ihe inllrumenl secured herby. 11. In .ddition 10 Ihe fOlego;r,~ monthly paymenta of princ:p!1 and Inl'.!...1 lequired :'y Ihe promissory nc.'e .ecured hereby, 010"90go' c':)ven.n" and .g'eel 10 pay 10 mor:ijagee wilh each monlhly p.ymenl .n IIddilion., wm eSlim.ted by morlgageo :0 be equal 10 1/ 12 01 the ,,,"u.1 co. I of th. 10110.....- ing: A-All 'eal property lox.. levied or ~u...ed againtl lhe .bove dOlcribed re.1 esl.le, B ~ PrC'r:~juml on fire and windstorm i,..lurln<e .. herein required to be carried on the improvel1"'entl si'uate on ~he above dt-scribed pre:mises. C-Prcmiums on such mortgage guaranty insurance II mortgagee shall from lime fO time deem fit to carryon the Icl!n secured hereby. !,\o"g.gee .h.11 f,om lime 10 lime nOlify morlgagor in wriling 01 Ih. a",ounl due and payable hereunder end such lurn .h.li the,eupon be dUE and payable on Ihe due dale 01 Ihe nexl monlhly paym.nl and each lveceuive monlh Ih.,..flN unlil morlg.gee lhall nolily morl9agor 01 a ch'''gc in .uch ~ll1ount. Such sums ,hall ~e applied by mortga{,ee toward the payment of real property taxe., inJUr.fice premium" and mortgage glJaran'y insurance premiums. IN WITNESS WHEI\EOF, the laid MORTGAG~ hu hereunlo IIi his hand ~,.d lul igned Se.le-d .nd d.llvered In Ihe prltence of, J.:::i (S<; .1) (Sui) (Seal) --<Seal) t. Qr".t _-1v-- STATE OF flORIDA CCUNTY Of St. Lucie ss. Sa.rllue} S~ Gaines and There S 8 I, D. Ga.ine 8 hi. wlf.., 10 me well ~nown and kno...." 10 me 10 be Ihe Individual. delcribed In 'nO who IXKuled lha for5g0lng Inltlumenl, end .cknowledged belore m. Il1at they OXKuled Ihe ..me for Ihe purpo.el Th~re58a D~ Gaines Ihereln oxpr~tled, And the lIit! ....ife of lhe Bid g amue 1 g. Ga ine S upon a leparate .nd pri"al.. examlna;ion by me laken lepaflle end .parl Irom her Hid husband. .ck"o....:<d-;;.d to and belol. me Ihol .h.. executed ..id inslrument Ileely and vo!un- tarily end wilhoul any compullion, consll.inl, opprehenlion'4 fill of or from her ..id husbtnd. WIiNESS my h.nd end official ..al Ihi' I' day 01 Bolo,.. m., ~rlonally .ppeared . _ ,_ 11,10';';,,/ . , J ~ ("1 '. . ,>>I.~..K4W~~4<7>"", Filll ~oval .s."~MA ~.~n'Auocia:ion . () .",.4 . . / ~, ..... . (;1 . Fci'f6 Pie""o;i,~ ", .): f~ P,,'c~-lfIOi'tl!.r - :: : . ....... .,,;:. : - -~ i . . rTj .~~ ". -~,,". 1'.', ..: I \ ,'\~_",; ..... ...... ,.... ......... l, .... .... "',. . o \ \ <J ,.' February A. D, 19~ Q~JLA ~ ~~ Nol.ry Public on arod lor the Stalo 01 Florid. 01 targe My Comm;uion .xpire!: t' -l ''', ' !..- r; .;; ~,,! ; , ,;." ~f) i ";...1.'.., J', -. My Cv;\'..i,...:..~~. u.i',I~~ . . ;.,..j :i!,JJ :~: I .t ;,..~1 ,\\,- 11327B -. - .. ..... ,~, FILED ,~ND RECORDED ii ..Qfff.delJOOwL_10DK 195 3 fEO '8 PM 4: 1 4 (I RO G E,~ ~O ITRAS: CLFRK ' II T. LUCrE !JDU1Hr. f'LDHIOA 4ZJ~ r) . .,.,dll/"'I'I., ,.. "11 '."'" 0...'\ .,.~.. ..,. 10/ '. :::.,;... ..,(~~( "'~ r:.., C:) ..~:}>~, , ',.0 .. 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