HomeMy WebLinkAbout1396
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3, To pl~ Ind contw.-/y kMp on !tie bulldllva now or Mr... al1va1e on ..Id land It'd on ell equlpmfllf Ind ~lIy cov.,ed by thl. marlg'
.. with ,II premlvtnl "-- paid In full, fire '-_ In !tie _I at....... policy form. In I .um .pproved by !tie MORTGAGEE. Ind wind.IOlm
InaurlnCe In !tie \/$.,.1 ,t~ pltllcy form. In . IWM ~ by the MORTGAGEE, In ,uch <<:mpllly or compa.u.t II 1M. MORT(;AGEE m.y
ditectl and III fire and windt10ml JnIut_ polldel on any of uld bulldlry. any Inle,..1 Ihe..I.\ Of pa,t lhe,eof. In 1M 'W'egale 'vm afOl...ld 0'
In Oll~ thereof, shell contlln ri.. 1.-.u.1 ,tendwd mortv.,.. "iewe or tuch other cll"" II !tie Mottv~.. mil' reqvlre, ma"l", t~ lOll vnd., .ai<l poll-
cI.., Nd\ end ewr/, paylble to ..Id MORTGAGEe II Its ""-t "'IY ~r, and NCh and 'VI'y wet. policy .h.1I be promplly 1"'9ned .r.d delivered 10
.ny heli by ..Id MORTGAGEI .. futtMt _Ity to MId MOftVeOI de~, end. not .... than ten (10) ct.yt,ln odvance of lhe .xplrelion of ..ch policy. 10 d...
liver to ...Id MOIlTGAGEE . ....-.1 theteof, ~ with. ,..,eipt t'CIt !tie ptl"Rlum of weh renewall Ind there .hall be no fire or wlnd.to,m InJvre""e
pl.cecl on any of ..Id bvlldlngs. Iny In"'''' theIeIn or pwt thereof, vn,", In the form It'd with lhe Ion paYlbll I' .fore..ldl Ind in the Ivenl ar,y .vm
of money becOmee payable vnder IUCh polley or polk:," ..Id MORTGAGEE ....11 havI lhe oplion 10 rec.lv. and apply Ihe ..m. on .cc<>unl of Ihe Indebled-
"'" MCUred hereby or to permit IIlcI MORTGAGORS to rec.Iw and UN It or Iny pI,1 I.....of fOl oll-er pvrpo.... wilhovl Iherob, w.iving or imp.ir. .
Ing aflY equity, lien or rl9hl undef or by vltNe of thlt ~I and In the ewnt ..Id MORTGAGORS .hall for any reason f.lI to hep the ..Id p..ml.e. .0
lnavred. or fall to dellv" promptly any of ..Id policlee of Intvrence 10 ..Id MORTGAGEE. 01 hll promplly to pay fvll', any premivm ther.for Ol In .ny
r..pecl fall to penorm. dlechatge, execvle, .ffect, tompIete, comply with .nd abld, by Ihls coven.nl, Ol .ny perl h.reof, ..id'MORTGAGEE m.y place .nd
pay for wch ....vrll\Clt or any ~rt thereof wilhco.rt walvlng or Iffectlng any option, lien. eqvlty. 01' rl9hl vnd" u<' by virtu. of Ihls Morloao., .nd t'"
full amounl of aach and every wch ~yment shel! be Immediately due and pay.bl. a"d sh.1l be.. Inler..1 from ,''' d... I.....of vnlil p.id .1 lhe rill 01
nine per cenlum per annvm .nd together with weli Inter..t ....11 be secvred by the lien of Ihi. mortgage.
~. To ~~nt:h. commit or ,vffer no w..te, impairment or deterlotallon of laid pro~rty or any part thereof.
S. To pay all .nd alngvIar the cotts, charv- end .xpeMft. Including a reasonabl. a"Of"'y's fN .nd coal. of abatTect, of till.. Incurred or paid .,
any lime by ..id MO'trGAGEE, beuv.. or In the .vent of lhe failvre on the pi;rl of lhe ..id MORTGAGOR to dvly, promplly and fvlly pel~Olrn. diKhorO.,
execvla, .ffect, ~omplet., cc.rnply wilh and ablcle by HCh and .very the stlpuletlon., agrNmenll. conditione, and covenanll of ..id prominory nolo .nd lhi.
mOOgIg' .ny or .ilher, and ..lei coati, c\wro.. It'd IX~, .uh Ind every, shell be Immedlll.ly due and pay.bl'l whelher or nol there be nolice d~
mand, a".mpl 10 collect or IV.t pencfingl and the full amount of ee<h .nd ""Iry sueh paymtnl ....11 !)Hr Inl....1 from the d.l. lhereof unlll p.id al .he
role of nine ~r cenlvm r>II' Innvml end all Mid COlli, cherge' and expen..s incwred 01 paid, togelher with .vch lnt....t. .hall be .tcured by Ihe lien of this
mortg~I,
6. lMt (a) In lhe event of eny br..ch of thle Mortgage or d.fMllt on the part of ,... MORTGAGQR, or (b) In the event any of ..id svrnl of money
ha..ln ..f.rred 10 be nol promplly end fully pa~ wllhln lhirty (30) days nexl aft.. Ih. ..m. "v...lly become d.,. and pay.bl., without d.rNnd or noliee.
or (e) In lhe avent eeeh and every the Sllpul'llona, ~_.., condillons Ind covenanls of wid promhoory noli .nd Ihil morloage .ny or eilho, er. n::>1
:lull', promplly and fvlly performed, diacherg.d. ueculed. effected. compl.led, complied with .nd abld4Kl ".ly. lhen In eilher 01 any .uch ev.nl Ih. said eg'
greg.t. sum menlloned In wid promlaaory not. lhen remaining vnpald, with 1n1....1 accrued. and all ""''''Y' .l<Vred he..by, .holl become dv. .nd p.y.
.bl. forthwith. or lher..h", It the oplion of wid MORTGAGEE. .. fully and compl,"ly II If all of the said Ivm. of mon.y, were origin.lly 'lipol'Ied
to be paid on such cHY. anythlng In ..Id prornlaaory not. 01 In thl, Morlgage to lhe conlfery notwith."nding; and t.....vpon Ol ther..ft.. al Ih. option of
said MORTGAGEE. wlthoul nolic. 01' dem.nd, Ivlt It lew Of In eqvlty, lherefor. 01 th.....her begvn. may be proRcvled .. if .11 ononey. .oc...red her.,by
had matvr4Kl prior 10 il. Intlilvlian.
. 7. Thtt .n the .venl thaI at lhe beginning of or al eny lin''' pending any svil upon thl. Mortgag.. 01 10 foreclo.. II, or '0 reform It. or 10 eniorce
pll)'T.,.nl of any cl.lm. h..eund.., said MORTGAGEE .hall .pply 10 the Court having juri.diClion lhereof for Ih. .ppoin.m.nl of . Receiver. .vch Courl .h.1I
lorthwilh appoint a rtcelv.. of Slid mortgaged property all and .Ingvl.., Including .11 and .ingvler t:,. Incom., prolil', IIIVII ."d ..v.nves from whelever
sourc' derived. ..ch .nd .very of which. II being .xpr...ly underslood, II he..by motlgaOed II if .pecificallf III forlh and deKribed in the gr.n.ing .nd
habendvm cI.v..s hereof. and .uch Rec.iver .h.lI ha"e ali lhe broad Ind .ffectlve fvnctionl .nd powers In anywi.e enl,u.t4Kl by · Courl 10 · Receiv.., and
.vch .ppolnlmenl .h.1I be mad. by .uch Covrt a. an edmi"ed eqvity and . me".. of ab.olulI rl9M 10 Hid MORTGAGEE, .nd withovt ..ference to the
.d.quocy or Inadequocy of Ih. value of lhe property merteaged or 10 lhe solvency or inlolvency of ..id MORTGAGOR Ol Ih. defend. nil. .nd Ih.1 sve:,
renll. profih. Income. illu" and ..v.nv.. .hall be applied by lveh Receiver eccording 10 lhe li.n or eqvlty of said MORTGAGEE Md Ihe practice of .uch
Court .
8, To dvly, prom pIll' .nd fvlly perform, diKhargll. Illl<Vt., .ff.ct, compl.'", comply wilh and abide by .ach and ......y IM'stipulalion., egreemenl.,
condillont .nd covenanl. in said promissory nol. .nd Ihis mortgage III forth.
9. Th.t In Ih. .venl 111: ownenhlp of lhe mortgeged prftTliMt. 01 any pert thereof. becomes v..I&d In a parlOn other th.n lhe MORTGAGOR. the
MORTGAGEE. it. .vccenOl. and ,"lgn.. mil'. wilhovl noliee to I'" MORTGAOR. deel wilh .vch ."':ClllOr or svccessor In Int..e,' wilh refer.rice 10 Ihi.
morlgag' .nd Ih. d.bl hereby secvred in the ..ma manner II wilh Morlg.gor wilhovl In eny w,y villallng or dlKharging the Morlg.gorl' Iilbililf here-
under Ol vpon t'" debl hereby .ecured, No ..I. of lhe premi.es hereby morlgaged and no forbe...nc. on lhe part of Ihe MORTGAGEE or iI. .uccenors
~r a.~~no and no .xtendon of tho Ii"", fOl lhe payment of the d.bt hereby .ecvred giv.n by Ih. MORTGAGEE or ill .vccenor. or ...igns. .1>.11 operete
10 r.I...., di.charge. modify ch.nge Of afflcl lha origin.l liability of I'" MORTGAGOR herein, .llher In whole or In p.rl,
10, It Is specilically agr.ed Ihat time Is of lho ....ne. of Ihis conlflcl and Ihal no w.lv.r of .ny obligetion herevnder or of Ih. oblig.tion Ie-
cur4Kl he..by Ih.1I .1 any lime lhere.her be hald 10 be a w.iver 01 lhe lerma hereof Ol 01 ,'', inllrvmenl .ecvred herby.
11. In addilion 10 Iha fOllgoing monlhly paymenl' of princ'"al end in'er"l reqvired by Ihe prominory note .ecured hereby, morlgagor co,en.ntl
.nd egree. to pay 10 mortgagee wilh ..ch monlhly paymenl an eddilion.1 .um e'Iimeled by morlg'gee 10 be eqv.1 10 1/12 of Ihe ann val cou of .he follow-
ing:
A-All re.1 property lues levied or a..".sed .g.insl the above deKribed rea' e.lat..
8-Premiuml on fire .nd wind'Iorm in.vrence II h..eln roqvired TO be carried on the improvemenll siluate on Ihe .bove de.cribed premisel,
C-Premivm. C.\ .uch n>O(tgeg. gver.nly insurenc. II mortg.g.. .he)1 from lim.lo lime d.em fil 10 ca"y on Ihe lOin lecured hereby,
Mortgagee .h.1I from lime '0 lime nolify motlg.gor in writing of 1he amounl dve end p.y.ble herevnder end luch .um .hall Iherevpon be due .nd
p.y.ble on Ihe due d.le of Ihe next monlhly p.ymenl end each .ucc...iv. monlh Ihereefter until morlgagee .h.1I notify morlgagor of · ch.ng~ in luch
.mount. Such svm. .hall b. .ppli4Kl by mortgegee loword Ihe paymenl of ..el property lUll. Insur.nce premiuml, .nd mortgage gu.ranty insure nee
premiums.
II WITNESS WHEREOf. Ihe ..id MORTGAGOR h.. herevnlo III hi. hand end ....1 Ihe d.y .nd
V Sea and ..4Kl In Ihe pr..ence of.
~
~for.. me personally appe..ed Lloyd c. Rowe .nd
Betty Jean Rowe hi. wile, 10 me well kn~wn .r.d known 10 me 10 be
1M Individv.l. dIKribed In .nd who IXtculed lhe fOl~olng Inslrvmenl. end acknowledged b.fofl me Ihal lhey execuled Ihe same for Ihe pvrpolel
Ihereln IXpr..Md, And lhe ..Id....- Ret.t.y .leAn ROWA
wife of lhe wid 1.1 oyn ~. ROlJA upon e .eparete end privale
exominalion by m. t.ken aeparele and .parl I,om her wid hvsband. adnowledg4Kl 10 .nd before me Ih.1 .h. execuled ..id Instrumenl freely .nd vo:un-
larily .nd without .ny compol.i,,". conalralnl, Ippr.hemion,-..2 fur of or from her ..Id hVlband.
WiTNESS my hand .nd offici. I ..al Ih,. /..3 - dsy of Marc~ ~ I
~~ U/ >77 ?JU~
Nol.ry Pu-:nc In .nd for lhe SI.I. of Horida eT large
My C.)mmiuion 'expire.:
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STATE OF flORIDA
}~
COUNTY OF
Saint Lucid
Retvrn .T o.
Flnt Feder>.1 Savings & lc>en
Of ForI Pierce,
Fort Pierce. FIOlid.
Association ~tary Public. State of Florida at Large
My Comrn:ss'on Exp:res March 11. 1966
113984Med tT,' IImerican Sure~y Co, of N... '1.
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~T. LUC!E COUNTY. f'lORIOA
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