HomeMy WebLinkAbout0172 And t~id AAortpaqan, for thems~iv~~ ~nd rhti~ F~eira, Ipal t~pr~s~nt~tivts. suctNSai ~nd ~uip~s, h~r~by jointly ~nd ~twr~lly cown~e+t ~nd sprM
• ro•nd wieh tl+~ s~id MORTGAGEE, iU •ucs„.o?~ ~nd .upru:
1. To pay ~il •nd •inqulsr tM p?incipai ~nd i~trr~st ~e+d tiw wria» Md ~undry wm~ of nwMY paYabl~ by vfrtu~ of ~~id praniawry not~, and thfs
• mortya~, +~ch ~nd ~wry, promptly oh tM d~y~ nsp~criwly ~M um~ ~ewr~lly b~cam dw.
2. To p~y •II and Nnqula+ the t~xe~, a~~menfs, i~vi~s. li~bilfti~s, o6liyatbm and ~vmbr~~css of ~wry nahx~ ~nd kh+d now a+ ~aid d~crib~d
peop~rty. a that Mr~ahsr may ba impoad. ~uff~~~d, plac~d. I~vi~d, w~ae~a~d tl»rwn, w that he?~aftK may b~ Ievird w a~ ~c ~pon thb Mwt¢~
apr, or th~ ind~btrdn~u acur~d Mr~by, ~acA rnd ~vay, wMn dw ~nd pay~blt, ~ccordinp ro i~w, b~for~ tMy b~ca+M delinquent, M+d b~fw~ ~nr i~tNen
~ttach~s or any p~n~lty i~ incurr~d; AND INSOFAR AS ANY THEREOf 15 Of RKORD THE SAME SHAII !!E PROMPTIY SAYISfIED ANp OISCMARGEd Oi
RECORD AND THE ORIGINAt OfFICIAI DOGUMfNT (SUtH A5, POR INSTANCE, THE TAX RECEIPT OR THE SA7ISFACTION PAVER OffICIAIIY ENDORSED
OR CERTIFIED) SNAII SE PIACED IN THE HANDS Of SAID MORTGAGfE WITHIN TEN DAYS NEXT AFTER PAYMENT, and in rM ~wnt rhat any rMrwf i~ nof
p~id, 3~f~sfl~d ~nd diuh~rged ia:d MORTGAGEE m~y at any time pay the asrtw w•ny part tMrtof without w~ivirp w affecfiny ~ny option, lisn, ~quity or
.iqht under w by virtu~ of thi~ morty~pe snd tM full ~mo~,nt of aach and way such paym~nt shall be ~mmed'uNly dw •nd pay~bl~e ~nd ~hall l»~r inttnYt
irom the dat~ thereof ~ntil paid ~t r~te of NpM psr c~ntum p~r a~num and toy~tMr w~th ~uth int~rpt shall be ucuret! by th~ li~n of th:s mo?qtaq~.
To plw ~nd ooMMwou~ly kwp on tM bulldkps now or IMrM~tM ~NWh Off MId I~nd +~nd on ill puiprmnt ~nd p~r~ors+lly cowr~d by thts mo?tyT
p~, wNh ~11 pewnium~ Mwrwn p~id tn fvll, Hh Inwr~nc~ in th~ wwl u~ni+rd pwlicy form. M• wm ~owd by th~ IYIORTGAGEE, a~d wlnd~torm
In~w~np M 1M vwal st~ndard polrcy f«m, in ~ wrn ~pprov~d by th~ MORTGAGEE, In such comp~ny or oomp~nlM M tM A10RTGAGEE may
dlrKtt ud ~11 fir~ and wind~tam Inwnno~ polklss on ~ny of aid buildinp~. ~ny Int~~Nt tMr~in vr p+rt ther~of, M tM pqrsp~N wm ~for~uid or
In uco~a thenof. ~h+l1 oont~fn tM uwil ~ta+d~rd mortp~p+~ d~us~ a wd~ orMr clwM w th~ N1«ty~qw rrNy rsquin, maklnp rl+~ bw urd~r said po1E
d~M, ~~~wry,. p~Y~b1~ to faald MORTGAGEE a i» im~r~st m~y ~ppNr, ~nd ~aeh M+d wvry weh pofiry sh~ll b~ prompNy ~u.yrnd ~nd d~liwr~d ro
any !»Id by Mid AAORTGAGEE a furtMr ~ecurity to ssid mo~pt dsbt, ~nd, not I~es tMn t~n {10) d+ys ln adwnc~ of tFwr ~xpir~tia~ of ~ach policy, ro dr
liwr fo Mfd MORTGAGEE • r~r»wsl thenof, top~tMr with • ncsipt fot tM pnmi~m of ~~ch rtrww~l; ~nd tMr~ ~hall be no fir~ or windstam imur~nc~
plae~ on ~ny of aaid b~lldinps, a~y int~rat the~ein d part ther~of, unfeu In tM form ~nd with tF» Ioas pay~bl~ a~fw~s~idr ~nd in tF» ~~~nt ~ny ~um
of mon~y b~ronwa payabl~ under such polky a polici~s aid MOitTGAGEE shall haw tM option to r~c~iw and apply tM ssm~ on ~ceount pf tM le~debt~
ntit s~cvrtd h~r~by or to psrmit ~aid MORTGAGClRS to mc~iv~ ~nd uw it or •ny part therwf far other purposes, wirFwut thsreby wsivinq w imp~ir-
h?p any puity, lisn or ripM und~~ o? by ~irtw of this morty+yr, ~nd ln th~ w~nt Nid MORTGAGORS ahali fo? ~ny r~s~on fsil to keep tM ~aid pr~miu~ ~o
inwnd, or f~ll !o d~liver promptly any of said policia of in~vranc~ to said MORTGAGEf, a fail promptly to pay tully any pramium tMnfa a In ~ny
n~p~ct f~il b pKform, d~~chupe, ex~cut~, ~ffecl, compl~t~, comply with and abid~ by thi~ cownant, o~ any part h~rwf, eaid MORTGAGEE may placs an6
paY fw wch inrurancr w~ny psn therrof witkout wsivinq w affrctlnq •ny option, Ii+n. equity, w riqht und~r ar by virtw of rhi~ Mortq~q~, and tM
fvll ~mou~t of Nch ~nd ~wry wch p~ym~nt ~h~ll be imm~dl~tely dw +nd p~yabl~ ~nd ~hall b~~r i~t~rest from the date the~eof unril paid n tM nt~ of
nln~ p~r untum psr ~nnum ~nd toyetMr with ~uch int~rest thall be Mcured by tl?~ li~n of thi~ mottqap~.
1. To p~rmit, oommlt w auff~r no wnM, Impeirmsm a deterio~~tion of t~Id prop~rty w~ny part the~wf.
S. To pay all ~nd tinpul» iM cosri, ch~rpa ~nd ~xpsnses. includirp a rusonabl~ ~ttorney'~ fN ~nd com of ab~nuts af tfN~, incurred or paCd ~t
~ny Nm~ by wid NIORTGAGEE, b~csuw a In th~ wsnt of tM f~ilun on rM wrt of fM ~aid MORTGAGOR to duly, promptly ~~d fully psrfum, diuh~rqS
~x~cut~. *ff~ct, complete, oamply with and ~bid~ by oach and wery the ~tipulatiau. ~qr~em~nts, conditiom, •nd wwrunn of ssid p~omisscry not~ ~nd thi~
nwrt9N~ aryr or ~ither. ~nd s+~d cwt~, charpe~ and ~xparu~a. ~acfi and ~v~ry, shal! b~ imr.~sdi~t~~y dw and psYsbl~s wMrMr o. not 4hers b~ notie~ d~
ma~d, atrsmpt ta coll~ct w wit p~ndinq: and the full amount of ~ach ~r+d w+ry wch payment sMll birar intsrist from tM d~t~ tMreof until paid ~t rF»
r~t~ of nio~ p~r centum per ~nnum; and •il said w~ra, charqe~ and expenset inturr~d or pild, topathet with tuch fntorest, ~Ff~4! b~ ~ecured by tM lien of ihis
~'~9~W
d. Tkat in thr ~vent of eny breach of th'rt AAortys9~ or default on thr part of tM MORtGAC.pR, a(b) in tM ~vent any of ~aid wm,s of morwy
hw~ln hiwnd to b~ not promptly and fu:ly p~id within fhirty (30) days rwxt ~h~r th~ sarrN ~venlly bttom~ due and p+~yablo, without dsm~nd or notic~,
tx (n tM ev~nf ~~th ~nd ~wry tM ~tipul~tiona~, pr~~~ti, ~~ditions ~nd COVfMnri of ~aid promissory note •nd thi~ mortyp~ ~ny or ~itl+K an rwl
~uly, promPtly and fully p~rfarm~d, d~xharqed, execured, sffect~d, compl~ted, compli~d with ~nd ~bided by, then in eitMr or •~y ~uch ev~nt th~ ~aid a~
prpat~ ium mentlon~d in iaid promiswry rwte fhsn romai~iny tinp~id, with im~r~tt actrwd, ~nd •11 mon~ye ~ecvrsd Mreby, ih~ll b~oom~ dw snd pay~
~ forthwith, or tMre~ft~~, at tM option of ~atd MQRTGAGEE, a~ fully ~nd comp~~t~ly as if •11 od tha s~id ~um~ of more~y w~r~ wiyinolly ~tipula»d
lo b~ p~id on such day, a~yth3np in uid promiuory not~ a in this Mortqaq~ to the contr~ry rrotwithstandir+p; a~d thefwpon or then~h~~ at ths .option of
seid MORTGAGEE, without notiu or demand, suit ~t law a in ~quity, ttNrafa~ a tMnahtr bpvn, may b~ prosetuted as if •II mon~ys ~sc~red Mr~by
h~d matund p?iot fo ifs imtitvtion.
7. TMt tn tM w~nt that ~t the beyinning of or at sny tirm pendinp a~y wit upon thla Mortyage, or to forxlas N, or to r~form if, w to ~nforp
p~yrn~t of a~y c1~Ims hereund~r, ~eid MORTGAGEE shall ~pply to the Coun havlrp jurisditlio~ thereof for tM ~ppointment of a Receivsr, such Co~n slull
f«thwith appoim a r~c~iv~~ of Nid mnrtyayed property all ~nd singular, includ~ny •11 and ~lnqul~r the income, profia, issua ~nd r~v~nues from wha»v~r
~uru d~rtwd, ~ach ~nd avery of which, it bsinq txpreuly understood, i~ i»?~by mwtp~yed a if ~p~cifically aet forth and detuibed in tM ~r~ntinQ ~nd
Mb~++dvm tl~~sp hsnof, ~e+d tuch Rectivsr sAall havs •II th~ broad snd ~ff~ctiw fvnttionf rnd powen In rnywise rntrust~d by ~ CouA to • R~ctlvt~, ~nd
wch appointm~nt shall ba made by suth Court et m~dmitted eqvity and ~ rrrttK of ~bwluts riqM to iaid MORTGAGEE, ~nd withovt nfinnte 1o tM
ad~q~eacy w I~adequ~cy of th~ valw of tix propsrty mortyay~d or to the wW~ncy a insolwncy of said MORTGAGOR a the d~f~nds~ts, and lh~t such
r~nri, profits, irxorr», iatwa ~nd nv~nw~ thall tx ~ppli~d by such Receivar accordiny ta tM li~n or ~q~ity vf ~aid MORTGAGEE md tM prectiu of wch
Gaxt. .
8. To duly, promptly and fully perform, discharq~, execut~, ~ffect, wmplst~, comply with •nd sbide by each and ~v~ry ttr stipul~tlwu, p~nmentt,
tandlt{orq ~nd tovu?anb in ~aid promiswry not~ ~nd this mor!yp~ sat forth.
4. TMt in tM event fha ownership of tM mortqaprd promit~es, ar any part therfof, becorr,ta vested in a psrwn oth~r than tiq MC~ItTGAGOR, tM
MORTCrAGEE, Ns succassors and saigns, m~y, without rwtice to tM MORTGAOR, dsal with •uch successo~ er successa in intere~t wi+h r~fsnnc~ ta this
mq!tgop~ snd ths d~bt Mraby secured in the san» manr»r s~ w+th Nbrtg~pw witfiovt in any wsy vitiatinq or ~diuharyinp tM MoHq~qors' Uability 1»rr
und~t w vpon the dtb4 Fe~nby ~scured. No Nls ofi tht pr~mise~ hereby mortq~yed snd no forbea~~nct ar+ the part of tM MORTGRIGEE w its sucusson
w assiyrn ~nd no ~xt~ruion of tfit tim~ for the p~yment of th~ d~bt haroby ~ecur~d piv~n by tha MORTGAGEE or in i~cuswn or su~flrsa, rhall operat~
b nhw. discFwp~, modifp cMrp~ w~ff~tt tM oriqinal I:ability of tFN MORTGAGOR h~re'sn. •itMr {n whole w In p~rt.
10. h h sQscifiuHr pra~ shat tirrt~ h of tM ~w~nc~ of thit cw+tract ~nd that no waiv~r of ~ny obligation ?rKeunder or of t!» obliyation a•
wrsd h~by ahall ~t ~ny tim~ rhsr~af»r b~ held to ba ~ w~iv~r of th~ tserru Mrwt or of rhe instrument secured hsrby.
1 t. 1n ~dd'+tion to tiw fa~yoing mw~thly payments of princ p~l ~nd irrterest required by tht prom(~aary note ~ewred hsreby, mortqagor covsnantt
and pr~a to psr to mortqayN with e~ch manthly payment ~n additional wm extimated by mortg;,gea to be eqvsl M 1/12 of the artnu~l cost af tin ~ollow-
inQ:
A-All rr~! p.-cperty t~~ca Nvied w essetsad eyaintt tfie above desaibed i~el ost~te.
8-Premiums on flre •nd windstorm ins~ronct ~r herein reqvired to b~ urrled on th~ improvemenb iitwts on the ebov~ dexr~bed pr~mises.
C-Pnmiurm on wch mort9age puaranty insur~nce as mortye9~s ahatl frwn tim~ to tirrk de~m fit to csrry on ths ban recvred h~r~by.
Mortgpe~ shsll from tim~ to time noiity mo~fqpo+ Fn writinQ of tfw ~maunt dw ~nd p~yab!• hereunder and such wm thall th~rwpan bs dw ~nd
p~Y~bl~ on 1l+e dw detM of tM nezt monthlY paYment •nd ~ach ~ucc~ssiv~ montfi tMnaftrr~ v•'n¢~I_ rtwrtg~flee shell notify manqaqu of • cfiurp~ in wch
amount. 5~ch wrru shall b~ eppl~d by mortyoqN toword th~ p+yrt»nf of r~~l propirs~r, tYees; '~rvurent~ promiumt, ~nd mortqsqe yuer~nty irqur~nc~
pnre+iwrai. • ' ` ~
It~ WITNESS WFiEREOF, 1Fw said MQRTGAGOR haF ~M~ ~ day ~~d y r fint aforesaid. ~
Sipnsd, and d*iiv tM prMw+c~ ofi ~ ~ ~ g O~~
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'65 MA!! I T P1~R ~1 : @2 ~ - - - - ,s. n
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STAT~ GF FLOR~DA e.~ 1 r..~
~ St. Luc~.e Rt~G~sR P017~AS. CLL~RK ~
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t6i, . -¢~seri~ 'jw '1nd .wtw ~x~eut~d tF» for~yoinq Irutrum~nt, ~nd ~dcnowl~d@~d b~fw~ mt thai tMy ~a~wtMd tM Nreo~ fior tM W+?Paa
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~unG+sfloerby ms tai~n ~~i1t~ and ap~rt from twr,said ifuub~nd. ~duwwl~dp~d ro and b~4a~ mt that ~hs ex~tvtsd taid ieutrum~nt fra~ly and volun~
~~~Y~Md.yvlthout aisj~'cirnp6~„ conrtrsiM, r .•~c..flK.of a fram Mt taid Mr~b~nd.
.SNI~NES~~ rrhr h~ridiln(~'aifficlal ~sal ~y b. 19_..fi~
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Ftetum To: .p{ary Publi:. State of Fto~ic~a at 1aryF~
tifi:~m hd~rrl Savinqi i bsn Associ~tioa , ~,i~ ~~otnr,iiist~il ~x~i!~s i~~rth 1')uy
' y ncr.ur r, o S "v~s~E~:y G~~
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ft. Pt~ru, Florldt . { _ ~ _ .
gU~K~~B 170