HomeMy WebLinkAbout0492
--
O. R.
e';' K
57 i.-~: 489
.r <: T '.... ~ ..... ...
3. To place Ind conlinuoully keep on Iho b<Jildings now or Mr..ltar alrvll. on Slid tlnd and on all eqoipmenl and p""onlIIY coverEd ~y Ihil m"rtg
ag., wilh all pr....ivrna lhereon p:.id in Ivll. fir. Ir.lurlne. in tM u.val Ilandard policy lo{m, In I .um Ipproved by th. MOR IGAGEE, Ind wlnd,'orOl'
In.urane. In 'M u,uII Sllnclard pol,<y 101m, In alum approvltd by the MORTGAGEE. In .uch company or compani.1 II Ihe MC~TGAGEE m,y
direcl; an~ all lir. and windstorm Insurane. polici.1 on any 01 Slid buildings, .ny Inler.II therein or parI Ihe,eol, In Ih. ag9reglle .vm afore..id or
In ucen :Mreol, ,""11 C0f1llin 1M ulual "end lid mOllgag.. c1lu.e 01 .uch other claule II Ihe Ma{lglg.. mlY requir., ma~ing the Ion vnder ..,d poli.
cie., each Ind ev.ry, paYlble 10 Slid MORTGAGEE .. ill Int..re.' may app..r. Ind ..ch and every Ivch pel,cy .h.ll be promplly .".gned and dol"er.d '0
any held by uid MORTGAGEE a. IUrlher securily 10 aaid m<Hlgage debt, and, nel I... than len (10) dlY' in advance 01 the expirllion 01 elch p<>1,cy, 10 do.
liver 10 ..id MORTGAGEE a renewal Ihareol. together... ilh I receipl lor lhe pr.mium 01 such rer.ewal; and there .hall be no t;r~ or win,J,IO"" in'u..nce
pieced on any 01 slid buiiJingl, any inl.resl I:'.r.in or plrl Ihereol, unlen in 1M lorm and wilh Ihe Ion payable <t' aloreuid; .nd in Ihe event I~y 'Ul11
01 money becomes pay"bla under such policy or policiel ..id M0~TGAGEE .hlll h.ve Ihe Ol'lion 10 receive Ind Ipply the lam" on a(cou"l of Ih. indc-Lleu,
nett se<ured het.by or !o pe(mH said MORTGAGORS 10 receive end use it 01 any part .ht..~feof fOl c;hl,.'( puq)O!oCl. .",ithoul fh'~'rt.--l.ol hi.II.'III] (r .'1,.,,11:-
ing Iny eqvily. lien or righl under or by vlrlue 01 Ih'l mOtlg.lla; and in the evenl ..id MORTGAGORS .:,all for a"y reHon fail 10 keep Ihe .aid premi.". .0
imured, or hil to deliver promptly Iny 01 ..id polici.. of insurance to ..id MORTGAGEE, or hil promplly 10 p'y fully any prem'um Ihorolo, or ,n an,
re.pect hil to perform, diacharge, execule, effecl, complete, comply wilh and abide by Ihi. covenanl, or any part hereof, lo,d MORTGAGlE nw, plaCe' .' 0
pay for .uch in,ulanc. or Iny part there-of without waiving Of effecting Iny option. lien, equity, 01 rigl1t under or b,. virtue of this I',-'.ortgage, and the
full .mounl 01 ..ch ,nd every luch paymenl .hlll be immediltely due and payable and Ih.1i bear inlere.1 from Ihe dale thereol unlil p.id al the rofe 01
nine ~r centum per annum and together with such interest Ih.)1I be secured by the lien of this mortgage.
.. To p"rmil, commil or luffer no Wille, Impairmenl Of deleriorllion of laid properly or any parI Ihe,<-of.
5. To pay all .nd lingular the COlli, ch,rgel and expan.el, including a realon.lJle .W'rney'. lec and COlli of ab.lraclI of litle, incurred or poid 01
.ny lime by laid MORTGAGEE, becau.. or j" Ihe evenl of Ihe failure on tne parI of Ih. ..id MORTGAGOR 10 duly, promplly and fully perform, d"charge.
execute, effect, complete, comply With Dnd .b;de by each and eVNY the stipula.tions. agreemtnh, conditions. and cov~nan1l of sdid plQlnis.sory note and thl~
mortglge Iny or either, and laid COl", charges and expenles, ~ech and e,,-ery. Ihell be immediately due and pay"blei wh~th('r or not there be no'ic~ J._>-
mand, attempt to collect or luit peodirrg; .nd the full amount of ellch and every such payment shall beilr interest from the date 1hcreof unli! paid llit the
"'''h_. of nine pt"r ce:1tvm per annum; and all laid (osts, charges tlnd expenses incurred or paid, together with such interest, shall be s<2'curcd b,. the li~n .:;.f thIS
morlg"lle.
6. Th.1 (a) in the evenl 01 any breach of thll Morlg.ge or defaull on lhe parI of Ihe MORTGAGOR, or (b) in Ihe event .ny cf .a:d lum. of money
herein referred to l.e not promptly I"d fully p.id within Ihirly (30) dOil nexl .fter Ihe ume .everally become due .nd payable, wilhoul demand or nOlico.
or (c) in tha event Ea-:h II!Ind every .he stipulation" agreements, conditions and covenants of said promiuory nole and thIS mortgage any or either are not
iuiy, ,>romplly and fully p"rlormed, d.achlrged, execuled, effecled, completed, complied wilh and .bid"d "Jy, Ihen in either or any such event Ih. p,d ag.
gregate sum mentioned in Ilid promissory note then remaining unpaid, with inter-st IccH...ed. and all moneys secured hereby. ,hall Lt.'corne due and pc!lY"
able lorthwith, or Iherealter, at the oplion of ..id MORTGAGEE, .s fully and complelely al i\ all of Ihe ..id .uml 01 mcney were o"ginolly II'pu:",'d
to be paid on suc:h day. anything in said promiuory nol- or in this Mortgage to the ct)r:.trary notwithstanding; and thereupon or thert:aftcr at the option of
said MORTGAGEE, without notice or demand. suit at law or in i!quity, there,fore or thereafter begun, may be prosecuted as if all rn~ncJ" sccuied hert '".>y
had. matured prior to ita institution.
7. That in the event that at the beginning of or at any ti.ne pending any suit upon this Mortgage, or tv foreclose it, or to ((.form it. or to enforce
pa';ment of any claims hereunder. said MORTGAGEE shall Jpply to the Court having jurisdiction thereof for the appoIntment of a Recl:l.t:r, such Cour. sh,J,!
forthwith appoint a receiver of s~id mortgaged property all and lingull!lr. includ.ng all and singular the income. prof.IS, i~sues and re"cnut:5. from wh.1tc\.....f
,ource derived. each and every of which, it being expressly understood. is hereby mortgaged dS if specifically set fonh and describl..'d in the granting cp:J
habendum clau!es hereof, and such Receiver Ih~11 ~!ve all the broad and effective functions and power, in anywise entrusted b'( a (ourl to a Receiver. d' d
such appointment shall be made by such Court as an admitted equity and a matter of ilbsolute right to sa:d ,..\ORTGAGEE. and Without refcrt:nce 10 Ihe
adequdcy or inadequacy of the value of the property mortgaged or ~o the so;vency or in~ol.,cncy of said MORTGAGOR or Ihp' delc"d..JnlS. ilnd Ihat ~vlh
rents. ~~ofit', income, issues and revenues shall be applied by luch Re(~iver eccordmg to the lien or equity of Idid MORTGAGEE anu the pra.;.li(c of such
Court.
8. To duly, promplly and fully !,edorm, diacharge, execule, effect, complele, comply wilh .nd abide by c.ch and every the IIipulolionl, agreemcnlS.
conditions and CQV'enanh in said promissory nole and this wart gage set forth.
9. ThaI in the evenl Ihe ownerlhip of the "'orlgoged premise., or any p.rl t"...eof, become. ve'led in a perlon othcr Ihon Ihe MORTG"'GOR. fr.e
MOM:TGAGEE. its successors end assign). may, without no!ice to tlie MORTGAOR, deal with such succenor or SuC{euor in interest wilh reft.'fcncc fo Il:ls
mortgage and the deb! hereby secured in the same manner as with Mortgagor without in any way vitiating or discharging the MOrlgdgOrS' liaLI:dl hde.
under or upon the debt hereby lecured. No sale of the premise'S h~reby mortQlged and no forbearance on fh~ p~rI 01 the MORfGJ\GlE or its S',.:CC'.'SSOfS
01 assigns and no el(tension of the lime for the ..,ayment of the deb! he:eb,. :ccured gi'.en by the MORTGAGEE or its successor. or ass,gns, sh~:l opcrdtc
to relea.e, dilcharge, modify ch.nge or allecl Ihe origin. 1 liab,loty of ihe MORTGAGOR herein, eilher in w~ole or in parI.
10. It is specifically agreed that time is of Ihe enence of this contract and that no waiver of any obligatior. hereunder or of the obligation se..
cured Il~reby shall at any time therealter be held to be a waiver of the terms hereof or of the inurument secured herb'(.
11 In c.'!(jdition to the forego:ng n~onthly payments of princ pel and ifltt.'rE-~t required b.... the prom SLr.,. nelc s,.-cured r..ereu/, m'.yt]og.:;.r (o'..enJnt~
dnd ...lgrccs fo Pd)' to mortgagee with each monthiy p3'jment an addJlion.!1 surn estimated b, n~orfgagcc to ue equal to 1. 12 of the orl'~L'd: ((,;,501 of th_. fo~(o....-
ing:
A Ail rC.l1 propert'( taxes levied Or auessed ag~in,t th~ abo...e de~cribed real e-state..
B Pr<:ll1iu,lls on fire and windstorm insurance al herein reqUIred to be carried on the irnpro<vc'nenls s;tudte on the above dl"S(~d;-:d p~.~mI5":".
C . Prcrr-,iulns on ~uch mortgage guaranty in~urar.ce as mortgagee shall from time to IHTH~ deern fit TO (arty on the loan secvrnJ h~rt.'t}l.
1'.'.or'9dgee Sh:lii from lime to time notify mortgagor in writing of the amount due and Pdyab!e hercunder and ~'.J(h sum sh-~Il trlereupon be due d'1d
p."lyubil- on Ih~ dLJ(" ddfe of the nex.t mO;1!hly payment and each successive month thereafter unlil mortgag{'{' shdil not;fy morl~P'J"r 01 tl ch'lngt.' in such
arllount. Such ~um' sha.1 be ap~:ied ~Y;' mortflagec toward the payment of real property taxes. insurance pre;l\:V!H~. and mortgdg.! 9U3~anty insuranc,..'
premiums.
hereunto set his h"nd llod seal th~ da'j &nd year fi~st aforesaid.
'--11ft t'/r: '~~Ll..cll(f( h-;..y Ii!. _ ($ea::
(Seal)
(Se.l)
(Se.l)
~,~,>..;:.:~.~. ~:~'~::>"
:-,~ .....,Q
" ';) ~ '1 l; ~ ....'.
~to me well know~ and t:;own rei one ~be'
the individual. deacribed in .nd who execuled Ihe foregoing instrumenl, .nd .cknowledged before me th.t Ihey execu,!d.t~~~,,:,e fo,.-the cp<,r?6a'el;
therein exprened. ~'I&JI ":; .~,.... I, ~ ~~--,:.
xw,Y~)fU(J42 ,~~~~~:(
~lICJW:~]I{1~OOV~~~JtUCJUI:lJjji~~~J(l~.i\iJ::}l;IM~XW9Q~<<~:b(~"I~~~I\<X
]I(Dl-X~~~:ilJ9)(~D<<>e~;(Q(lXOOllL~~xa:.kXi)IQY.lCr):]J6~.xe:c:x.Ja:fi~ " ':,' ,; ,) ,:.)~
WITNESS ny hand and o!ficial le.l Ihis 23 day of Fe brun.ry ~. .... A. D. ;9J\ "--
--~ / tj ~ {/'
~' C'L./ '..7' L,/,-~~ --t.' L - __~__
-, Not.ry Public in Ind for the Stile of Florida at Lorge
Ny Ccnmiuion expires;
NOllrY Publ!e, Stat, of Florida at Large
MY Comm,ss,on (",p're! Nov. 3. 1?65
Bonded by Amer:can Surelj Co of d. Y.
STATE OF flORIDA
COUNTY OF
st.
Lucie
55.
~fore m. p"..onllly appeared
~1f\ CP:
:- cadlQclc,
~ra
hrsl Federal
Return To:
5.e<vingl & Lo!n Anoeiation
Of For! Pierce.
Fort Pier..:e. flor;d!:
J13'153
fiLED N1rLRECOr::.OEC
It-: 0.tl!~I.af.-~~_or( '~GOK
1%3 rES 25 m1 I!: C6
. ~...,
.....'\ "..... y~>
. .:..)'\:..,'~\J.'VC ..... ~ ~..,. {.
'r~..J,"<...J.r r-" '...0".
:' ,..- - " '.';'>--
t- ; , .'
PO\---AC' (-j'-'Y
ROGER it{ ..).t,~;J\:\
Sl. LUCIE COUNT'L flORIO^O
C, r ~..{. L(
o
..., ...
I( ')},' ,Go.
-:A:
:.J '.:-> '
Co''?
1.,.1\
. v'.
"",./v"
:u.;
. -.
,'. r..>
. .,' ..:)
" .' y
.....,~ \.
"';"""1"~""1"~
r 1
o