HomeMy WebLinkAbout0972 And sa:d Morigayo!s fer th.e:^.fe•.cs a.i ~'.e:~ F~e~~a, ieyai represen~ar.es, succesa~r~ ~nd atfign~, htreby ;oint~y and iev~r~ily covenan; •nd ~qrN
to and w~rh the :a:d h10R7GA!';EE, ~r> >~cce~sor~ ar ii ae~,g>>s
1. Io pey eU and ~ingu+er ihe pr~~~c~pal and i»tereat an~ the varioua an,~ s~ndry sums of monry payable by virtue of said promissory note, ~nr! thi~
mortgage, each and every, promptfy o~ ~he days respect~~eiy ~iie same severeily become due.
2. To pay ail end +~ng~'ar the taxri, astessment~, f-v~es, f~abi~~n,:, ob~~gNionf •nd encumbr~nc~e~ o( tvery n~ture and kind naw on u+d deui~bad
praperty, or that he~eafter maY be ~mposed, ~uffered, placed, lev~ed, ~r j~ses~ed theret~n, or that hereafter mey b~ levied or u~euad upw~ ii~'~ Inpttp•
sge, or ihe indeb!ednnu srcwed hereby, ejch and every, when due end payeb~e, a:cOrding t6 Isw, before they betOme delinqubrt, ~.ior! •ny int~ro~t
atraches or ar~y pe~~a!~y ~s ~r,c~rred, A~;D iNSO~AR A$ ANY THERfOf !S Of RECORD IHE SAME SHAtI BE PROMP~IY SATISFIEG AND DlSCWARGED OF
RE~ORG ANp iNE ORlG;tiAl OFFIUAI "uvCUMEN? iSUCH AS, FOR ~NSTANCE, THE TAX RECEIPI OR THE SATIS~ACTION PAPEk OFFICIAItY ENDORSED
OR CERfifIED; SHALL BE PLACED IN iH"t MANDS (,l~ SAID MCRiG4GEE K'ITHIh TEN DAl'S NEXi AFTEft PAYMfNT, and in the event ~hat a~y ihereo4 i~ r.ot
paid, ~a~ ff,ed and d~stharge~ sa d MOf2TGAGEE may a any ~~me pey the sarne or ~ny p~~t fhereof without waiving or affecting any option, lien, equity or
.iqht ~nder or by r~rtue of -h~s :t:o•ig; >~,nd fhe fu;i err~uun! of Fach and eve~y su[h paym~m sha~l be immed~ately due anq payable and •hall beer intarast
~rom +ne date ~hereof ur.r~l pa:d ai ~arr d eight pc~ cent~m per annum an.a. toQerh~~ w;tl~ ?uch ;nt~reet shall be ~ecurrd by the I~en of ~i~'~ mor~tepe.
3. ?o pl~c~ •nd canrinuoutly ke~p ~n thtr build:npy now or har~~ft~r titu~t~ on ~aid I+nd and pn ~II equipmeM end penon~Hy coverad by thi~ mort9-
~p~, with •!i pr~mium~ th~rwn p~id in full, firs in~ursnc• in the ~~uet ~t~ndard policy form, in a cum approved bv th~ MQRTGAGEE, and windsrorm
truurarx~ in tM vwal ~tantlerd po~icy form, In ••um ~pproved by the MORiGAGEf, in wch company or tompmiea ~a 1}+~ AIORTGAGEE m~y
dir~tt; and •II 1ir• •nd windstoam inauronce pol~cies on any of said bulld~r~s, ~ny inrareat therefn rn p~rt ther~oi, in th.~ ~99regata tum ~fw~~a~d w
In ~xtru theraof, sh~~i co~rain tha u~~al st~ndard mortgayee cleuse or such o~ha clsufe a• the Mor~qaqas may ~equir~, m~kinq the loa ~ndar uid pot!-
ci~~, earh rerttt'4vtry, payab!e lo ~sid MOicTGAGEf s~ its interest may •ppeer, and rach end evtrry iuch policy shs!I bt promp~.y •~~.qnad •nd dalivered to
any held by i~id MORTGAGEE s~ f~rtfi~r aecurity tu sa;d mongege debt, and, not ,eu ihan ten ;10) d~yt in adwnce of th~ •xpir~tion qf vach policy, to d~-
liver to u+d MORTGAGEE a rcnewai therrof, tcgether with a reteipf for the pramium of •uth renewsi; ant! there thall be no firs or winditortn inswanc•
' placed on any of taid buifdings, any intereit ther~in o+ part thereof, uniess in the fcrm and v.ith the lo?i payab!e as aforefaid; and i^ !tie evsn! rny a•m
" of money become~ payab!a undrr such po?icy or polidt~ said MORTGAGEE shatl have ~he opf~on to rece~ve and apply the same on accavnt of rhe Fndebtrd~
rNSS aKVtld hereby Or to perrr.:: faid MORiGAGORS ~o feCeive and use it Or eny part iherr.of for Cthpr purpOSes, withOUf ihereby .veiring or impeir-
Ir~q ~~y ~quity, li~n or ri9ht undu or by virtue of thi• mortgnge; and in thc •vent taid MORTGAGORS ihall for any reason i+il to keeo the said premise• »
(n~~red, or faii ro daliver promptly eny o( serd pol~ciel oE insv~ance to ~aid MORiGAGEE, or f~ii promptiy to pay fully eny premium therafor or in •ny
rospect faii ~o perform, d~sc!:a~ge, execute, eif~ct, complete, comp!y with ar,d ablde by th~i ~ovenant, or eny parr heraof, sa~d ARORTGAGEF inay piace and
~ gay for i~ch insurence or •ny pert thercof withovr wa;vir.g or affecting eny option, lien, equ~ty, or right unde. or b~ virt~e ef this Mo~tgage, ~nd tfie
f~ll •mount of eech and evsry ouch payment ahall be immedietely due and pay+bfe and shail bear in!eres! from tfie dere tnereo` ~nti! paid a~ tha rate of
nine per cent~m per ennum and toge!her with su<h inrerest shall be accured by th~ !i~n of this mortgege.
i. To permit, tommit or yuffer no waste, impai:ment or deterioration of •~id prop~rty or rny part thertof. '
5. Td pay ~It •nd s~ngul~r the cost~, chergea end expenses, indudinQ ~ r~qortabl~ •ttarnty's fee end costs of eb~lr~ctf of title, incur.ed or pa~d at
any tirr~e by said MORTGAGEE, becsu~e or in the event of tne fe~lure on th~ pert of tht •~id MQRTGAGOR to duly, promptly end fully perform, discherg~,
?x~tute, effect, complete, tompty with and ab~da by each and every the stipu~at~ons, agreQmenti, cond~tiont: and covenan's ot,teid promiisory nofe and thi~
morlQape sny or eifher, and sa~d [ost~, ~hargee end exper.ses, each and every, •hall b~ immediate~y dve en.d peyabir; whetfier o~ not thare be notice de~
mand, •ttempt ro caUrct or svit pend~ng; and the f~ll emount of each end evary wch payment sha11 bear inrerest from nc~ date thereof until paid at ths
rote of nine per centurn per ennv~; e~:d aii said cos!s, cnarqe~ a.~d expenses inc~rred of paid, together ,v,th such interott, shali tk tecured by tha lien oi thli
mortytyt.
6. That (a) in the event of eny braach oF th~s Mortgage or default on the pan of ihe MORTGAGOR, or (b) in the event any of seid •um• of money
heretn roferred ro be r.ot prompfiy end fully pe~d within rh::ry (3U) days next aftei the ~sme severeUy becon+e due and pay~b!e, witho~t demand or noti:e,
or (c) in the evenr each ena every the stpuiarions, agreement~, conditions and covennnts of sa~d promissory noie and ~h~s mortgage •ny or eithsr sre noi
~uly, promp~ly and fu11y perfarmed, d scharyed, executed, effected, com~leted, <omp(~ed with and abided by, then in either or any wch evant th~ asid a¢
~reQete fvm mentioned in ~aid promfssory note then remair.ing unpeid, with interest accrueo, and ali money~ iecured heceby, shall betame due •nd pay~
•6~• forthwith, or thereafter, et tht option of sa~d MORTGAGEE, e~ fvlly and coma;etety as if aSS ~f rhe ~a.d s~~n~ of money were origineity ~tipuleted
to ba pe~d on •uch day, anything in ia'd prornas~ory n~fe e~ in rh;s Mortgage to the contrery notwithafa^ding; end rhere~p~n or ;hereafter et ~he opt~on of
~a~d MORTGAGE[, without r:otfce or demend, s:~it et lavv o! in equrty, the~efore or ~hereaher begun, may be proiecuted as eil mcneyt •scured F:ereby
Md m~tured pnor to itY initiwtion
7. That in tAe event that at the begirning af or at any time prnding any ~u+t vpor. fhi~ Morlgage, or ro fo~edose i:, or ro reform it, or to enforte
payment of any ciaims here~ncier, sa~d MOR1Gr1GEE sha~l appiy ?n the Cou~t h~vinq jvrisd:ct;on th~reof for ~he appo~ntment of e Receive•, tuch Cauh sheil
forthwith appoint a receSver of said mortgeged property a11 ~nd singula~, intfud~ng •ii •nd fingular the intome, profits, iasues •r.d rover, ies f:o~-~ whatevor
wurce derived, each and every of which, it being ~xpressiy ~mderstood, is hrre6y mortqaged ai if ~pec~fitally ~et forth end dtstribed i.r th~ gronting and
habendum cla~~;s hereof, and such Receiver ihalt have eli the broad acd effecrive functior,s end po~e~s in anywise entr~sted by e Court : 8ace~v~r, a~d
tuch eppoir.•menf shaN be ma~e by ~uch Cou:t a~ en admitled eGu;ry end a maff-r of •bs4lute Nghv to iaid MOR.iGRGEE, e~d withoW referenc~ ro ths
adequaty ot i~ ade5~ety of tFe va!ue of the prooerty mortgaged or to tFe soivency or inno~ver~cy o4 said MORTG/+GOR or the defendsnri, and thet euch
rsnrs, profiti, incom~, itsues ar.c~ revenues sha,! be applied ty ~uch Receiver accord:nq to !he Iien or equity of said MORTGAGEE and rhe pretlita of 7uctf
C~urt.
8. To duly, prcirrtptEy end fully perforn, discharge, execute, effect, cc+rnplete, compiy w;th end abide by each end every the stipu(ation~, sgreemants,
condiLana end covenmh in se~d oremissory note ar,d th~a mortgage arr forth,.
9. That in the event the ownershtp of the mortgagt~' prtmisec, or any p~ri fhereof, b,ecome~ vested in e pe~son other than rhe MORTGAGOR, the
MURT:'aAGEE,.N~ s~tc~~s?p.s and ass~gns, m,ay, withaur natice ~o tne Maf~TGAOR, deal with ivch successor or svccessor ;n intere~t with refecence ro tfiis
mari~ay~ end 1he dekl heret,y secur~d in the same manr.er es wirh Mor~gagor w;thout i~ any way vftiating or ~d:fcharging the Mortgaflors' Iiebility hora
ur~der or upan _the ~debt hC'eby sewted. No sa!e of the prcm~ses nereby mcrtqeged and no forbearence on tfie part of the MORTGAGEE or itt ivcte~tort
or ~iqnt snd rto exteni~on o{ rFra time fer the peymert of th~ debt he~cby iec~red givan oy the MORIGAGEE or it• success~rs or •ssi9r,~, thei! opsrate
Io rel~~ss,• d+sc!?~rge, rrtodify chan~e w•Ffect t1~e orig:rsal I~abl!~ty of rhe MOR7GAGfiR he:r~r., eithsr in whofe o~ in pert.
1G. it i~ tpetifetally agried that t~me is of Yhe esaence of th;~ ontract snd that no waiver of any obltgation here~nder or of the obfigatian te
eur~d herr6y ~hali st •ny t:me rherpafter be hcid to be e walver of the terms hrreof or of rhe insrrumenr sec~red herby,
~ i1. In add~tion to ihe focego~r.g munthly payments of princpal ard in!erest reqvired oy the prem.ssory ncte secured hereby, mortgagor covenantt
arxf aqreef fo p~y to :nort~agee with ~aCh mon!hly payment tn eddrtionai iim esfimered by mort~;,•~2f fG be equal !0 1 i 12 of the annuai coit of the foilow-
ir~: . ' '
A-Atl ~e~l property'yexes levied or esacried agalnst tfia ebove deacribed real estate.
B-Pre'miumi ~n fire md w6ndste•m insurance as here:i req~~red to be carried on the tmprcvemer,rs s~r~ate cn rhe above dascribed prern~nrt.
C-Premiuin~ ,~n fuch rnarigage gvararfy ;na~rance as mortgaQee sheU frem time to time drem fit to carry on the loan secured hereby.
Mort9e~ee shell from ~~me to rime r,etify mc~t3egcr in wr~Nng of the emount dua and payable he~eunder end iuch sum t4~a1f tfiereu,.~wn tw due •nd
pay~ble ar tfie d~e dase of the nexr mcn!hly payment and each Yuccessive month thereafter urtil mortgagee shatl nofify mortgegor of a ch+~nge in wch
emount. Such ~um~ sha!I br epplird by mortgagea toward the paymer,t cf real property taxes, imuron~e prem~~ms, and murtgage guersnty inwr~nce
p; emivm~.
IN YV'iSNE55 WNEREOF, tis said MJRTGAfiOR has yr~~~a~~~~~~ay and e 'rst aforesaid.
Siqned, afrd artd deli;ersd th~res~r~• of: 1~ ~~tt C'~ K
~ " + ~ G~L ~~c !-.G v , ~ r -_"_'_"'~a0
_ _
~65 ~i'.+'' 3 P~~ 3 : Q -
. _ ~ .
- _ ~_cs~~~
STATE OF FLORIDA r-'~ jl ~ ~ j, C ~ ~ ~S ~t
courrrr of _ St. Lucic ~j LUCtE COUN7Y.
tl~fon ~r» p~nonet~y •ppearod W~y~~~~.~1.len end
J~i A~n ~n
~~SE. ~ his wiFv, io rne weil Rnawn and known to ma to be
ff'+ ;~1~~+~s~~, fn ~-j .vhe exe,:,~+•~ thc for~qoiny in~trument, ~nd atknowlad~ed before me thet they •xacuted the tams fw thr purposes
~M!~ Vc~lF~ss~+S'•~.i~ taid~_._ .1O 1~t1T1 ~11eri
~i rnr-~, Wayne A1 ~ en
upon ~ Np~rys~ arr~ ~tv~ts
`~k,sn7in~Tjol~ by m~'ttkelt~`sb~yrets snd epart from he~ said h~~bend, szknvwledfled to end before me that •he e~et~ted taid inttrument frealy ertd volurr
_«~~y 40~ without my QOr!Mp~aiOn, con~traint, epprehanx~on, o~ feer o'. or from hsr uid hutband.
. dVl~(NESS my jun~ pnd: official eeal thi. ~1"~ da of
- Y A. D, i 4~
' Notery Public In •r+d for t • pf Fiorld~ at Larq~
Rp+i;~n To~ " My Commitsion •xpiret:
Citi:ans F~dera) S~vings & 4oan AESC;islien ~
,K ~~~'j ~a~y Publ,c, Statr• or c~~r;~+, ~t t
of S1, iuci• Counry ;~~J ~ ~ ~
Ft. P;e-ce, Ffor~la ~~~"?'~f'~sn Ex~;~;es ~.1a::5 i, ;,,y`
. . •J3 u ~
. )