HomeMy WebLinkAbout0170 And ~~id Mortyapon. far tMmuiv~~ ~nd tMir Mir~, Ip~l r~p~~,Nnt~tivN, ~ucuaws and ~ulpnti har~by iointty ~nd wvNally covenant and aQ~a
ro and with th~ ~aid MORTGAGEE, in ~ucc:tiai and ~uiyns:
1. To p~y •II ~nd finyular tM princip~l ~nd int~rest and tM v~riaus ~nd ~~ndry wm~ of morny pay~bl~ by virtw of wid promiNwy rqq, ~nd thh
mortya9~, ~ach ~nd ~v~ryr, promptly an tM d~y~ rKpectiw~ly th~ ~am~ s~v~r~lly b~corm dw.
2. To pay all ~nd ~Inpulai tM taxet, a~s~ssrr~nH. I~via, li~biiitir~, abtip~tio~s ~nd ~ncvmbrarKtis of ~wry natv?a ~nd k3nd now a+ Nid describrs)
property, a th~t Mreaft~r may b~ impos~d, wff~r~d. P~ectd. I~vi~d, w~aK~d tMrwn, w tiat Mnaflrr m~y b~ I~vNd a a~wd ~po~+ ~his Mwtp~
p~. w tM Ied.br~drwu acur~d M.~bY, Nch and ~v~ry, wMn dw and payabl~, attordinp ro l~w, b~foh th~y b~conN d~l(npwnt, rnd b~fw~ ~ny IntNwt
•n~thrt or ~ny p~nalty ~s l~currsd; ANO INSOFAR AS ANY iHfREOF IS OF RECORO iNE SAME SNAII EE PROMPTIY SATISFIED AND 015CHARGED Of
RECORD AND THE ORIGINAI OFFICIAI DUCUMENT (SUCH A5, POR INSTANtE, TkE UX REtE1P1 Olt THE SATISFACTION PAPER OFFICIAIIY ENGpR5E0
OR CERTIFIEa) 5HAll dE PLACfO IN THE HAtJOS OF SAtD MORiGAGfE WtTHIN TEN DAYS NEXT AFTER PAYM~NT, ~nd i~ tM ~wM that ~ny th~r~of is no1
p~id, i~t~sfi~d and dischuyed srd MORTGAGEE m~y at ~ny tim~ p~y the tarrw w~ny part therwf without w~ivinp w•ffKtir?p any option, li~n, puity w
r{phy undK or by virtw of Ihis monqsye ~nd tF~~ full ~mour.t of each ~nd ev~ry ~uch paym~nt ~h~fl be imm~diat~ly dw and p~yabif and sMll b~ar int~r~tt
hom ths datt tMrsof unti! paid ~t nte of atyht per centum per annum and foy~th~r with wth int~r~~t ~hall b~ ~ec~r~d by th~ lian of th:~ morytap».
a. To p1~p ~nd wnHnuovaly kMp on tM bulldinp~ now w I+KNfta ~iw~t~ a+ Hld land ~nd on ~tl pulp~vqnt ~nd p~rwnally cownd by thls mor~p~
p~. wiM NI pnmiw~a tiwpn paid Irt full, fir~ Mwr~nu in tM wual tq~dard polity form. {n • sum approwd by th~ MORTCsAGEE, a++d wlnd?twm
Imw+~no~ M tla ww! ~t~nd~~d policy forrn, In • wrt~ ~pprov~d by M+r AAQRTGAGEE, !n wch com n a
p~ y oanp~nlM a th~ A10RTGAGEE re~y
dlnctj ~nd ~tl fir~ ~nd windstorm Irnw~e?c~ polkiy on ony of wid bulldinp~, u~y inhr~tt M~rNn ae p~rt tMrqf, i~ rFN pprpah ~um ~fw«eid or
M utap thk~of. ~MII conbl~ tM wual ~t~~dard ma1q~~ tlw~ p iuth Othp CIWM f~ tM AAo?tQ~p~e m~Y Nqvire, maklnp th~ lou und~r s~id po16
da~, sKh w~ ~wry, p~y~bls to sald MORTGAGEE ~s iri int~rMt rrwy ~pp~ar, ~nd Nch and ~wry such pol+cy ~MII bt promptly ~.qn~d ~nd d~liwr~d to
~ny Mld by Mid MORTGAGEE a furth~ s~curity to ~eid m«+yaQ~ d~bt, ~nd, rqt las th~n ten (10) day~ 1n adv~nu of fi» ~xpir~tion of ach policy, to ds.
liwr ro wid lNORTGAGEE a nnew~! thsrwf, tap~iF»r with • rsc~ipt far th~ pr~mium of ~uclr r~walj ~nd ttur~ ~h~ll bs no fir~ or wlndstam Inwranc~
pbad on ~nr of said bulldiega, any interht tMr~in w p.n tMrwf, ~nleu fn tt» form and with tM lou p~y~bl~ a~ ~faaatda •nd In tht ~vsnt ~ny ~um
of n+a+iy b~eomsa pay~ble und~r ~ush poiicy or potict~s wid M~RTGAGfE shall h~w tM opi7on to raeetv~ and apply tM ~rr~ on ~ccoum uf tM lndebt~d
rwp?yKy~har~by Or ro p~rmit ~aid MORTGAGORS to reteiv~ a~d uN It a any part th~reof for other purpos~s, without thereby waiviny w impair-
My n+r puity, lirn or riyht w~d~r a by virtw af th(~ martp~p~~ snd tn tM ~wnt Nid MCiRTGAGORS ah~ll fw ~ny ?sason f•tl no kwp rh~ taid prtmi~~ w
~lntvnd, or fall fo deliwr promplly +ny of MItI ppliilf{ of insur~ncf to ~eid MORTGAGEE, or f~il p?omptly to p~y fully any pr~mium th~r~for or in any
r~ap~tt fail to pKform, di~ch~rp~~ ~%KVI~~ ~fftti, compl~te, compfy with ~nd •bfdr by thi~ tov~nartt, or ~ny psrt Mr~of, uid MORTGAGEE rtay plaq ~nd
p~Y id ~utlr irqvrar?cs or sny p~rt eMrtof without wsivlnp a affettinp ~ny option. li~n, equity, or ripht und*r or by virtw of thi~ Mwty~ye. ~nd tht
fvll rmount of ~~ch ind ~wry ~uch Fsaym~nt sh~ll bt imrr»di~taly dw and piy~bls ~nd ~hNl bsar I~t~rat from th~ dat~ th~rwf until p~id at tF» rat~ of
nirw p~r c~ntum p~r ~nnum ~nd toyetMr with s~ch intere~t rhal~ ba ~cured by the ltin of this morfqpt.
4. Yo permit, tammit ot iuff~r no waets, imp~irm~nt or detsrior~tiw~ of uid p:op~rty or ~ny part tharwf.
3. To pry all and iinpuln rh~ cwti, ch~rpea ~nd ~xp~nN?s, includinQ ~ r~~~~bl~ attwn~y'~ fM and to~n of abstr~rts aF tffl~, irxurrad o. paid at
a+y tfm~ by aW 1NORTGAGEE, buu~e w in the ~v~n1 of tFa fsilu~~ on tF» {.~r1 of tM ~aid MORTGAGOR to duly, promptly and fully pafam, diulary~
~x~cvt~, ~fhct, tompt~t~, comply with and ~bid~ by ~xh ind rvsry tfr~ atipul~ttorn, apr~em~nh, tanditioia, ~nd cown~nri of ~id promiwory npM snd thi~
mwtqap~ ~ny w~tther, and ~aid costs, charp~a and ~a~pensss, sach ~nd ~wry, rMll b~ imm~di~idy dw ~nd piysbtt: whetMr a not M~r~ b~ nvtiu d~.
rrund, sttempt f~ to11Kf p wit n~nd;na; snd th~ full ?mount of esch and w~ry tuch paym~nf ~lull b~ar iManss from tM dat~ thtreof until p~id •t tht
nt~ of nir+e p~r centum p~r ~nnum; snd all said costs, cherqss ~nd expertses incurnrd or p~id, toptrF~rr with yuch intarKt, :ha:! bs seturtd 6y thr lisn flf thu
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6, That (a) tn tM ewnt of any b~t~ch of tha Nlonyaq~ ot default on tFr paA of tiw MORTGAGdR, a(b} in tM ov~f ~ny of s~id wnu of mon~y
h~r~M refsrnd fo b~? not promptty ~nd fully p~id withen ihirty (30} doys next aher th~ ~~m~ ~wsrafly b~com~ dus •nd payabl~, withovt d~mand or notiu,
os (cJ in IM ~wnt ~ash end ~very th~ ~tipulatioru. ~q?km~nn, tonditions and covManh of said promiuory not~ and thi~ morty~q~ ~ny w iitMr ~r~ nal
~ty, promptiy ~nd fv11y prrformid, d~scharfled, executed, ~ffected, compltted, complied wirh +nd ~bidsd by, fF~en in ~itl»r or ~ny •uch ~wm tM aid ~
pnpah wm mK?Pion~d In s~id prorniaaory rwt~ then r~maininy unpiid, with int~rat ~arued. ~nd •II mon~yo secund h~r~by, shN) b~con?t dw and psy~
~6~~ forthwlth, w th~rNH~r, at the option of uid MdRTGAGEE, b fvlly ~nd tompi~tsfy u if all of the ~aid wm~ of mon~y wen ari~inally Mtipulited
to bs p~id on sueh day, snythir?D in asid promissory note or in rhis Mw~tgaga to tl» eontr~ry notwithst~ndirr9; ~rnd th~rwpon a tMnafter ~t t!» optioer of
kid MORTGAGEE, withoui rwtice or demand, wit ~t law or In equity, therefw~ a th~r~aft~r bpun, mar b~ prw~cut~d ss 1f •il moe?tyv ~cund Mrrby
hrd rtuivr~d prior to ifs irutitution.
7. Thaf in tI14 OVM4 1f1b1 ~1 1}f! bayinnin9 of w~t iny tin» ps~diny any suit upon thi~ Morty~ge, or to forxlou it, or ro roform it, w to ~~forc~
p~yment of ~ny clrim~ h~re~nder, asid MdRTGAGEE ahell •pply to tFw Court havinq ivrisdictio~ fhtrwf for ihe ~ppointmsnt of s Receiver, wth CouA fha11
forthwith appoint ~ recriv~r of uid matpaged p~opsrty sll ~nd t7ngvlar, fncludir~p a!1 ~nd al»Qvl~r iM income, profits, i~~v~t and rtv~nuea from what~v~t
wurce deriwd, •~ch and •very of wh~ch, it beiny txprnaly undantood, i~ h~r~by mortgay~d q if specific~lly tN forth ~nd d~stribrd in th~ yr~ntinp •nd
hab~ndum clausas Mrrof, and iuch Reuiver ~hall Mv~ •11 the broad and ~ffeuivM functioro +Md pawtrs in .nywts. .nr?usr.d by s Court ro• R~ceiver, •nd
wch ~ppoFntm~nt sh~ll be made by suth Court a• an admitttd equiry and • m+ttK of ~baolule riqht to uid MORTGAGEE, ~nd with4ut nftttnp to tM
~dequ~cy w inad~q~acy of ths valu~ of tM property mortp~yrd or to th~ tolv~~cy or insofv~nry uf said MORTGAGOR a tM d~fendants, ~nd that ~~sh
r~nft, profih, inoom~, iuue~ and revenues s}u!! b~ applied by such Raceivor stcordinp to tM li~n w~quity of a~id MORTGAGEE snd tls~ practic~ of ~ve1~
Caxt.
8. To dvly, promptly •nd fvlly p~rform, d~sch~ry~, executt, effett. tamplNo, comply with a~d ~bid~ by each •nd w~ry tM stipulitioM, aqr~m~nts,
aoetidttiau snd cavrnsnh in Nid promisaory rwtr md thie monqs~e wt farth.
9, l'h~t in fh~ ovsnt th? owrunhip of rh~ mortp~qsd pr~emises, a•ny p~rt thoreof, becomet wsted in a person oth~r tfian ttw M01tTGP~GQR, Thi
MORTGAGEE, It~ waeawn •nd auiqni, msy, without notice to iM MORTGAOR, d~al with such wcccuor or ~ucsessor in intersa with refar~nc~ to this
~ mortqp~ •nd tM debt Mreby sacured in the ~am~ m~nner p with Mortflayor withovt in any way vitieting or ~di~chsr~iny +M i+norra,oon~ Il~bllify 1?sr?
undK a ~pon tM dabt hsreby Ncured. No sale of th~ pnmises hereby mortpsg~! and no far4xarante on tM part of th~ MORTGAGEE or ib ~vcussan
or +ui9ns ~nd no sxt~nsion of tM tim~ for the p~yment of th~ d~bt her~by •.cur.d yivn by aM MORTGAGEE or ih wcuswn a aaipns, sh~N apss~t~ -
to n3w~, d;sd~rp~, modify ch~np~ or ~ff~ct tl,e oripinal li~b;liry ot tFk MORTGAGUR Fwni~, sirMr in whof• a In part.
E 10. h b sprcifiully pnsd that time is of the ~enca of thit contnd and that no waiwr of ~~y obliqation her~undsr a~r of tM obliy~tion c~~
f axed F~r~by ~hsl~ i1 iR~I llfM 1ff11~~f4H b~ hsld to be • waiv~r of th~ termi herwf or of the in~trument ~ecured hsrby.
1 i. In sddition to tM forpoing monthiy payments of princ pat end interest requirerf by the promlrrory note secvr~ ~rRby, moHqaQo~ tovenan~
~nd sprMS to p+~y ta mortyag~re with a~ch morthly p~ymrnt ~n ~ddition~l wm estimated by mortgcgee to be rqusl to 1/12 of fhe annwl coit of tM follow-
A-All rN! prop~rty taxai tevied or •ssessed sqainst tfie ~bove described re~l eitata.
8-Prtmi~rtq on fire ~nd windstvrm infutanq u herein required to be urried an th~ improvem•nts situ~te on tfx above d~atribed pnmisei.
C-~remiums on suth rt+wtyaye pwranty insurance ~a morty~yk ~h~11 from tima to timt dsem fit to csrry or~ the b~h s~cured her~by,
MortpaQee ~hall from tim~ to tima notify mortgsyor irt writirq of tM ~mount due aRd psy~l~le hereunder •nd •ucF: wm sh~ll thereupon bs dw ~nd
p~y~bl~ on tM dw d~te of tM next monthly pay and rsch succasrv~ month thsnaftN untJ! mortga9ee sh~l! not;fy monqaga of ~ chanp,e in such
•movnt. S~ch suma, ~hall k» appii~d by mortpepN t w~rd tl» paym~n! of rs+~l proprrty taxa, Inwr~nc~ premiumi, and mortqsy~ ~wranty ir~wranu
prprr~t~tma.
iN WiTN€SS WNEREQf, Hw said MQRYG~4GOR I~~o~o1 R~ dey and ye fint ~forewid.
s~, i.a .~d d.i .d +o,. oMy~ • 8 Q 0 K ~
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`6~ MAY t 7 PN oz - ~~~:n
a , , x , :;1:~t~~al)
~
S STeATE OF FLt3RIDA ~ .I v, ~ ~ i l , C~ ;~r
~ St. Lucie P01-~RAS. C1.~RK ~ . .`.•_••::"~/`~~''r
tpu~`p~t~t,~ tt~a+T- 7~ UClE COUN7Y '
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~a-.~~i~li d+'sf'1~N8 ~~d -virF+o ~x~cvted tlw tprNolrp lmh~m~nt. ~nd +cknowledp~d btfa~ rr» that ti~y r~d ffaU w~iu for. tM
ilil Ltii ~ +{d ~ ~ ~ ~ • ~ . . • , \
~ ;~~n`yi~p~ti4t•Ad ~Nv~ts
i~r'Qiwr?i~p bt~- RK .•~pat~t~ ~u+d ~p~n from Mr wId hwba~d. ~ticnowl~tly~d to ~nd b~fw~ rr» tlut sh~ ex~cut~d a.~~prMt1~{i~~~iK~r ;~l~ volwr
frrJ4~'Jat~ vHllfi~lt~ ~ny.tpm~wdston. ~toeatr~lnt, appr~h~ntio~, or feu of or frwn M? ~id hurband. • ,
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