HomeMy WebLinkAbout1779
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3. To place and CC'nlinvou.ly ke.p on Ihe building. nOw 0' hYf.fr,',N1~I.l?nlcltd "~d.lf',j 9" .,1 .qvlpmenl .nd pellon.!Iy cov.,.d by Ihi, mO"g'
.ga, wifh .11 p,.mium. Ih.,.on paid in full, fi,. imu,.nce in Ihe v.val .1.~nCla,d policy'!o(fl\, In a .um .pp'oved by Ih. MOR1GAGEE, .nd w,nd.lorm
imur.nca in the vlVal .Iandsrd policy form. In . .um .pp,ov.d by Ihe MORTGAGEE, in 'v<h company 0' companies .. II.e MORTGAGEE m.y
dll~C:i and all fire and windatorm Insur.nce policiel on In.,. of ,lid building., any Intere.' therein or part thereof, in tho .ggre~.te lum .foreuid or
in exctu Ihtr~f. shall cont.Jin t~e ulval standard mor'gag" c1aulO Of Ive;, Olh., clIUI.. I' ,ho Mortgage. may require, making the 1011 under laId poli.
cie,. each .nu every, payable 10 ..id MORTGAGEE as it. inl.'." m.y .ppe.'. end eoch end .ve,y .uch polICY .h.1I be p,omplly ....gned .nd deli...,ed I~
.ny held by ..id MOR1GAGEE II furlh., .ecvril, 10 ..id mO'lg.ge debl, .nd, nol "'II Ih.n I.n (10) d.y. in adv.nce of Ihe .xpiro'ion of elch policy, '0 d.-
li...er to laid MORTGAGEE a renewal thercof. togerher with I re<eipt for the premium of I\';(h .....renew.l; and th.re .hall be no tire or windstorm Inluraf'\ce
placed on any of uid building', any interes' '~erein or p.rt .hereof, vnle.. in the form .nd wi'h the Iou plyabl. .1 .foresaid; and in the ....ent .ny ,urn
of money becomes p.yable vnde, .uch policy 0' policies ..id MORTGAGEE .hall h.va Ihe oplion 10 ,ecei.e and .pply Ihe ..me on .ccounl of Ihe indtoted.
nell lecured hereby or to permit laid MORTGAGORS to receive .nd Ule it or any part thereof for olh~r pur pOles, wjlho....r th~r{'b,. wdj..i,lg 0 Ilnp31:.
ing any eqvily. lien 0' ,ighl vnde, Q( by vi,lva of Ihi. mo'lgage; .nd in Ihe .vent ..id MOIll'GAGOIlS .hall for rny '...on hil '0 keep Ihe .aid premi... .0
insured, or fail to deli,..er promptly any of laid polici~1 of inlurance to laid MORTGAGEE, or hil prarr ,Jtly to paf fully any premium the:efor or in any
'..peel hil 10 perform, dilCh "ge, ex.cul., .ff.cl, complele, comply wilh and ebide by Ihi, cov.nanl. c,' an)' porI h.,eof. ..id MOR1GAGEE m.y pl.ce a',d
pay for luch inluran<e or .ny part thereof wjthO\J' waiving or .ffecting any option, lien, equity, or right under 01 by virtL'e of this ""ort9"ge, and tne
full amovnl cl e.eh and av.,y .uch paym.nl Ihall be imm.di'lely due and peyable and .hall beor inl"e.1 f,om Ih. dol. Ihereof until p.id al Ihe ,ore of
nine per c~nturn per ~nnum and togelher with such interest shall b.::! secured by ,he lien of this mortg.ge.
.c. To permit, commit or suffer no waite, impairment or delerior.tion of said property Of any part thereof.
5. To PlY all and .ingvl.r Ihe co,t., cha'ge. and expen.... inclvding . ,ellon.ble ."orney'. f.e and coli. of .bll,.cl, of lille, Incvrred 0' paid at
.ny lime by ..id MOR1GAGEf, beClu.e or in the evenl of Ihe hilv,e on Ihe part of Ih. ..id MORTGAGOR 10 duly, p,omptly .nd fuily perfo,m, dilCh..ge,
e."',ecute, effe{', c:::'TIplele, comply Wllh and ~b;de by each and every the Itipulations, agreement., cond,tIon" a(\d covenantl of seid promiuory nofe end Ihi,
mortgage any or either, end .ald costl, ch~rge. and expenses, each and ."'try, ,han be immediately due end Plyable; whether or nol Ihere be notice de-
mond, a"cropt 10 coilect 0' 'viI pend,ng; .nd Ihe fvll amovnl 01 ..ch and .v"y .vch paymenl ,hall beer inle,..1 f,om Ihe dOle Ih.reof vntil p.id .1 Ih.
r.He of nint:.. P€" centum per annum; and dll uid COliS, d'ldrgeJ and expenlcl incurred or ptid, together wllh luch inter.,., .hell b. secured by the lien of Ihis
mor'gage.
6. ThaI (a) .n Ihe event of any b,each of this Mo,tgage 0' def.vlr on 1M p.,1 of Ihe MORTGAGOR, or (b) in Ihe ovent any of .aid .um. of money
herein ,.ferred 10 be nOI prompliy and fvlly p.id within Ihorly (3D) d.y. n.xl .her Ihe ..me .everally become due and p.y.!.>le, wilhoul d.mand 0' notice,
or (c) in th., e....ent each and every the Itipulations, agreements, conditions and co...enants of .a..d pr~mi"ory note .nd thjs mort9o!!lge an... or either are not
:/vly, promptly and fv!ly perfo,med, d,scha'ged, execvled. effected, complelod, complied wilh and .b,d.d '>y, Ihen in eilhe, 0' .ny .uch e..enl Ihe ..id ag-
greglJte lum menlioned in laid promiuory note then remaining unpaid, with inlerest accrued, and .11 money, .eevred hereby, ,h.lI become due and p.y.
able forthwith. or the'eafte,. al Ihe oplion of .aid MORTGAGEE, II fvily and complelely II it .iI of Ihe ..id '~m' of money we'e oflginally ,';pulared
10 be p.id on .uch day, .nylhing in ..id promino,y nole or In Ihi. MO'lgage 10 Ihe conl'.'y nOlwilh"anding; .nd lhereupon 0' Ihe,eahe' .1 the oplion of
.aid MOR1GAGEE, withoul nOlice or dem.nd, ,viI .1 I.w or in eqvity, the'efo,e 0' ,he,..he, begun, may be p,o.ecvted as if all money. ucv,~ h.,eby
hdd matured prior tO'lts inllitulion. .
7. That in th" evenl that at the beginning of or a1 any time pending any luit upon thil Mortgage, or to fot~c1olt" if, or 10 reform ii, or to enforce
paymenl of any claim. hereunder, said MORTGAGEE ,h.li apply 10 Ih" Courl having jvri.diction Ihereof for the .ppe,,'Irl'enl of a Receive', .uch Covrl .hail
fOrlhwjth appoint a receiver of laid mortg~ged property all and Ilngvl.r, 1:'\c1ucLng all and singular th. income, profits, issues and re...enues from whate'\{er
.ource derived. each and eve,y of which, il being exp,enly vnderslood, j, hereby morlg.ged as if ,p,cifically ..1 lo,th .nd delCribed in the g,anling and
habendum clause' hcrf'of, and such Receiver .hall have .11 the broad and effectj....e functionl and powerl in anywise enlrusted by a Court to a Recei....er. 8nd
Ie'ch appoinlment .h.1I be made by .uch Covrl as an edmitted eqvily .nd . mott., of ab.olvle ,;ghl 10 ..id MOIlTGAGEE, and wilhevt ,efe,enee I~ Ihe
adequ.cy 0' inadequ.cy of Ihe v.lue of Ihe property morlgaged 0' 10 Ih. .olvency 0' imolvenry of ..id MORTGJlGOR or Ihe defendanll, and Iha' .vch
,ent., p,ofill. income, i..ue. end 'evenve. ,hall be applied by .vch Receiv.r acco,ding 10 Ih. lien 0' equily of .aid MORTGAGEE and Ihe proctice of .vch
Cov,l.
8. To dvly. p,omrlly .nd fully perfo,m. dilChe'ge, execvle, effecl, complete, comply wilh .nd .bide by elCh and eve,y Ihe .tipvl.tiom, eg'eemenll.
conditions and covenantl in laid promissory note .and this mortgage set forth.
9. That in Ihe evenl Ihe ownership of Ihe mO'lgaged p,.mi.e.. or any pa,l Ihe,eof, becom.. v"led in . per.on othe, Ih.n Ihe MORTGAGOR, Ihe
MORTGAGEE, its s\Jccenors and assign., may, wilhout notice to the I.\OR:TGAOR, deal With such succenor or SuCcessor in interest with reference to this
mortgdge and the deol (It:feby 'e<.vte"u HI me same manner al WHO Morrgegor WllnOuJ In any way Vll1atlng or dlscharplng the Mortgagorl' Iiabiljty here-
under 0' upon Ihe debl he'eby .ecured. rlo .ale of Ihe p'emi.e. ~e'eby morlgaged and no fo,beer.nce on Ihe p.rt 01 Ih. MOR1GAGEE 0' ill .uceenors
or anigns and no extension of the time for the payment of the debt hereby lecured given by Ihe MORTGAGEE or it. succenofl or aUignl, shall operate
10 ,ele..e, d,sch.'lle, modify change or affect Ihe o,igin.1 liabilily of Ihe MORTGAGOR he,ein, .ilhe, in whole 0' in parI.
10. It is specifically agreed Ihal time is of th.a essence of this contract and that no waiver of any obligation hereunder or of the obligation Ie-
cv,ed he,eby .hall al any lime the,eahe, be held 10 be a waive' of Ihe le,m. he,eof 0' of Ihe inllrvment .ecured h.'by.
11 In ddd:r;nn to the foregoing monthly paymenh of princ.pal and interest required bl the prom:uory (\OfC ,~(ured hereby, rnortg~gor covenants
dnd agrees t(l ~)dl '0 mortgagee with each monthly payment an additional lum estimated by mortgagee to be equ~1 10 1; 12 of Ihe annual cost of the follo....-
ing:
A -- All rCdl property ta:ltel leviEd or a~seued againll the above described real estate.
B Pr _'Illiu'ns on fire and windstorm insurance al herein requ;red to be carcic,d on the improvements s:luate on Ihe above described premises.
C PreTJliurns on 5uch mortgage 9uaranty insurance al morlgagee shall from t;me to time d~em fIr to ClIffY on the loan secured hereby'.
Morlg.Jgee sh,"l!1 from time to time notify mortgagor in writing of the "meu'll due and pal.!ble hereunder and such su~ sh~1I thereupon be due d:1d
pdyable on lh,~ dve date of the next rno:1thll p~yment and each luccenive mC'.,th thereafter until mortgagt:'e shall notify mortgagor of a ch.3nge in such
a~ lCunf. Such SUflIS ~hd;1 be applied by mortgagee toward the payment of redl pr0pert)' tl!lxes, in~wrancc ~relT1:uml, and mcrtgdge guaranty insurance
p, emiums_
hereunto .el hi. h.nJ and .eal the
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(Se.l)
(s..~I)
STATE OF fLORIDA
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hi. wife, 10 me well ~ow~ 41o;rown to fi" ;0 ~:
before me th.1 Ihey execvtts! In\, Ib~fdc o.~ p...rpbo~
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, vpon 'wi ...,pa,s,t(..~..pn;".I.
.he .xecvled .aid inllrvme.nl. fr~~l'(.~ ""lvn-
COUNTY OF .
St,
Lucie
ss.
BefNe me personally .ppeor..d _ Harvey A----.Morg.an.
"'lol"Anc'.fL!l. 1.foT'gan
,he individval. de.cribed in .nd who exeevled lhe fO'''1loing iosh.ment, and .dmowledg.d
the,ein exprened. And I~e ..id F1 OT'An~A H. MOl'gAn
wif" of !he .aid ,_ Ha~ey A. .l1organ
examination by m.. I.ken .epa'ale and aporl f,om he, ..id hv.~nd, .cknowledged 10, ond before me th.1
:..i1y .nG withoul any compul.ion, con.l..inl, .pprehe~"~ ~,..., of or f,om her I~v'b.nd. h
WITNESS my hand end officiel ,e.1 Ihi. 02J d.y Of. . _'l../L~ LJ
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NOla,y Pvblic in .nd fo, Ihe Sill, of florid. e' L.'g.
My Commillion expire~ot;]rX FutJl,C, Sl.lte of "OLd" at L.lrgo
My LOnllll.55,Ofl :-:";H<." Nov. 3, 1965
Bonded by AmerlCilll SUfety Co. of rJ. y,
,A:D.19~
Fi'll F.der.1
Return To;
S.vingl & Loan
Of forI Pierce.
114216
Auociat;on
Fort Piar(~, Floricfa
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Official Rerord'" :JiJi<
Ij~? "':~;125 P~I 3:05
ROGER pon-HAS c,~r:K
ST. LUCIE COUIITY, r'LGL,~:OA
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