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HomeMy WebLinkAbout1148 And ~eid Mortgagors, for rhemselves end Ihcir heir~, legal rapre~r~tatire~, wtuffto~s and ~uiqn~, h~rtby j+•~~tly •nd uvar~lly cown~nt •~d ayrk ~o ~nd with the ~a~d MORTGAGEE, irs ~ucceuo~s end att~gni: 1. To pay ~It ~nd ~inguler the principal and inreres~ aed the vsriov~ and tundry wms of mwiey p~y~bl~ by rirtw of i~id promi~wry not~t, ~~d ihis mortgeye, each and every, promptly on the dey~ respect~vely th~ same a~v~nfly b~com~ du~. 2. To pay •!I and ungula~ the tsxe~, asiessments, lev~e~, Iiab~liNe~. obli9+tion~ ~nd ~nc~m5r~nca of evsry n~tv~~ and kind naw on ~aid d~xrib~d propeHy, or that hereefrer may be ~mpo~~d, s~ffered, plated, levied, w•ss~sud tMrwn, o~ tMt i»n~ft~~ n++y b~ Itvi~d w u~taed upon thi~ Morfp- ~~a, ot tM indeb~ednes~ seturcd hertby, eech snd every, when due •nd pay+ble, ~ccordinp ro I~w, befwe tMy b~con+~ d~~inqwM. ~^d brfote any Inf~r~N a~techei a any penal!y is i~curred; ANU INSOFAR AS ANY THEREOF IS OF RECORD TME SAME SNAII SE PROMPTIY SAtISfIED AND UISCHARGEO OF RECORD AND THE ORiGlNAL OFFICIAI DOCUMENT (5UCH AS, FOR INS7ANCE, THE TAX RECEIPi OR TME SATI5FACTION PAPER OFPICIAtIY ENDORSED OR CERTIFIED} SHAiI BE PIACED IN THE HANDS OF ~AID MORTGAGEE WITHIN TEN DAYS NEXT AFTER PAYMENT, •nd in rM svsnr fMt sny rMrwf i~ nof pa~d, sst~~fied and diuharged ~a d MORTGAGEE may at any i~me pey the same or •ny part ther~of without waiviny or sff~ctiny any option, lien, equity or .iqht under or by virtue of this morrgage and the fu~l amo~nt of each and ~very ~ucl+ p~ym~nt fhail be immediarely d~• and p~y~ble and ~hall bear i~sera~t irom the date thereof until pald ai ~ate of eiyht pcr cenr~m pe~ ennum ~nd togeth~r w~th wth intsr~ff shall bc fewrsd by th~ li~~ of ih:~ morflt~ye. 3. To pt~t+ ~nd contlnuously kKp ~on tM buildinq~ now w h~rNft~r atu~t~ w, t~id I~nd and an ~II squipm~nt ~nd p~na+illy covN~d by thls rnorty- p~, with ~II pr+mi~m~ th~rwn paid in full, fir• inwrant~ in tM uaual ttandsrd policy ferm, irt ~~um ~pprowd by tM MORTGAGEE, ard windstorm Iniw«+c~ In th~ u~ual st~ndard policy farn, In a sum ~pprov~d by t!M MIORTGAGEE, in such company or camp~„in a tM A10RTGAGEE may dirMj ~~+d ~1~ fir~ ~nd windstorm iruunnt~ policit~ on ~~y of seid buildinqi, ~ny tnttrest fhtr~ln ar p~rt ther~of, in fh~ pqrpat~ tum ~fa~id w In ~xc~u th~nof, ahali conr~ln th~ usual ~t~ndard morty~~e clww w~uch otMr claut~ tFu Mwtq~qN m~y rpu~n, m~kinp rF» loa undar ~~id pol'r dy, ~ath rnd ~v~ry, pay~bt~ ro s~id MORTGAGEE ai itt int~rat rn~y •pp~ar, and ea<h ~nd tv~ry such polity ~hall b~ promptly ~u.qn~d ~nd d~~iv~r~d to ~ny !M!d by iaid MORTGAGEE f~rther tecurity to said mor~pay~ dtbt, ~nd, not I~u tMn t~n (10) d~y1 ln adv~nt~ of tM •apintion of t~ch policy, to dr livtr to ~aid MORiGAGEE a renewal ther~of, tc~eth~r with • r~ttipt fov the pr~mium of such t~nswal; rnd th~r~ ~hall bs r+u fir• or winditorm in~ursnc~ plec~d on ~ny of s~id buildinqs, ~ny inrere~t therain or part therwf, unless in tM form u+d w~rh the los~ p~ysble ~a +foreuid; snd in 9M ~v~nt ~ny s~m of mor+ey b~come~ pay~ble under suth po~iq or policies t~id MORTGAGEE sh~ll haw tM option to receive and apply th~ am~ on ~ccount pf th~ indebtetl~ n„s Ncur~d h~reby or to perm~t ~aid MORTGAGORS to receive •nd us~ it a•ny pert thereof fo~ orher purposes, w~thout therEby wsiving or impsir- Inp a~y pvity, lirn or riqht under w by virtW of thi~ morty~flr; and in t}x ~v~~t s~~d MORTGAGQRS sh~ll for any reeson fail to ke~p th~ s~id pr~misf~ so irq~r~d, w f~il fo d~live~ promptly any of ~~id policiea of (nturenc~ to e~id MORTGAGEE, or f~i! promptly to pay fully any premium th~rtfo? w in ~ny rqpM fail to p~rform, d~sch~rge, •xecute, effect, ca»p~ete, comply with and abid~ by thif covsnant, or •~y part hercwf, said MORTGAGEE may pl~ce •nd pay fw ~uch Ins~rsnce or •ny psrt thereof without waiving or sffectinp any option, lien, equity, or right under or by ~irtue of this Mortgag~, ~nd rhe 4u11 •movnt of ~sth snd evtry ~uch payment shal! ba immedE~tely du~ and payabl~ ~rtd ~hall beer interesl from the date thereof until p~id at th~ rate of nins p~r centum per annum end together with such inter~~t shall be ~ec~red by th~ li~n of this mortysQe. 4. To permit, commit or •uHer no wa~te, impsirment or deteriontion of ~aid property or •ny p~rt tfiareof. 5. To pay sll a+*d tinquler the cosh, charqe~ snd expen~et, ir.cludinp a reason~ble ~ttorn~y't fee and cost~ of ~bitncts of title, incurred or paid at ~ny ttme by ~sid MORTGAGEE, betause a in the event of fht failure on thQ p~n of th~ ~~id IV10R1GAGOR to ~uiy, promptly rnd fully p+srfotm, dirtharqs, •xxute, effect, compiet~, compty with ~nd ~bids by •ach and every the ~tipulation~, ayrNmenn, conditioni, and coven~n~t of aid promiuory note +nd thia mort~~p• ~~y o? either, and ssid costa, cherpes snd expenses, each snd rvery, sh~ll b~ immedi~tely dve and paysble; whether w not th~r• b~ rwtic~ d~ m~nd, ~tttmpt to collect nr suit per.d~ng; end the full amount of e~th and every tuth p~yment •he!I bea~ interess from tha dats thtreofi un:i{ paid ~t th~ rare of nine per centum per er,num; and atl seld costs, charqes and expenie• incvrrsd ar paid, toqether wfth :uch infenU, rhall br ~tcured ~ry the lian of this mort~ps. 6. That in tha avent of any breach of rhi~ Mortgage or defsult on the psrt of the MORTGAGOR, or (b) in the event •ny of said sums of monay Mr+ln r~f~rr~d to be not premps(y end fully paid within th;rty (30) deys next •fter tht ume ~everally become due and payable, without d~m~nd or notics, or (cj In tM ~wnt e~ch end every the ttipulations, agreement~, condition~ end covena~b of sald promiswry note end th~• morty~qa •nY w aith~r •n no1 ~vly, promptly and fully performad, d~scharged, executed, effected, tompleted, comp~i~d with and abided by, tFwn in •ither ot •ny iuth tv~nt iho uid ~y~ preq~t~ sum mentioned in ~e+d promissory note then remeinir~ unpeid, w9th interatt ~ctrued, anrS all mo~eyf secured hereby, ahsl) tecome du~ ~nd pay~ ~6~• forthwith, w th~reafter, at the oprion of taid MORTGAGEE, u fully snd completely at if alI of the ~aid s~ma of money wer~ oriyinally stipul~t~d fo b~ paid on :uch day, anythiny in said promissory note or in thi~ Moriqage to Ihr cantr~ty no~withstandinq; •nd there::pan or thtreaft~r it rhe nption of uid MORTGAGEE, without notice or demend, suit at lew or in equity, therefors or thsre~fter bogun, may be prosecutod ss if all moneys secund Mrtby h~d m~tured priw to its initituticn 7. Thet in the event ihet as the beginnirtg of or at eny time pending ~~y fuit upon thit Mortgeye, or to foreclose it, or to reform it, or to enforc~ paym~nt of ~ny cl~ims here~ndar, teid MOR?GAG:E shell apply to the Cour~ h~vinq jvrisdiction thereof for tix appointment of 4 Reteiver, suth Court ihall Fnrthwrith •ppoint a receiver of said m~rtysged property ell rnd singulsr, includ~ny •11 ~nd sing~lar the income, profit~, i~suet ~nd ravenues from whatevar ~ource derived, each end every of which, it beiny ezpreaaly vnderitood, ia hereby mortye~cd ~o if spec~fically set forth and d~scribed in tFwi qrantinQ •nd haMndum cl~usaf hereof, and such Receiver shell have elf the brwd •nd eff~div~ fvnct~ons ~nd powers in anywise entrusted by a Co~rt to a Receiva, snd ~uch •ppointment shall be made by avch Court as an sdmined equity and a mattr at` ~bsalute ri9ht to said MORTGAGEE, •nd without nhrent~ to tM adaquacy or insdequacy of the vetue of the property mortgaged or to shs ~olv~n~y or insofvency of uid MORTGAGOR w the deftndanri, •nd ih~t such rents, profin, inceme, iuua~ and revenues fhall be epplicd by such Rrcriver sccordinq to the lien or equlty of ~~id M9RTGAGEE and th~ pt~ctica of ~~ch Court. 8. To du!y, promprfy and fulty pe:form, discherge, execute, effxt, complete, camply w+th snd sbide ksy eacfi and ~v~ry ths slipulatian~, ~qretrnenri, tonditiona ~nd coven~nh in seid prom+swry note and thi~ mortqafl• ~at forth. 9. Thet in the event the ownerahip of the morfgagcd premisei, or any part therevf, becomes vested in s person other thm tM MOttTGAGOR, tM MORTGAGEE, Eh succaaaon •nd asiiqns, may, without notica to the MQRTGApR, deaf with ~uch nuccessor or tuccesso~ in interett with ltflf~fltf to this mortyay~ ~~d the debt hereby securtd in the same manner •s with Mor!yayor without in eny way vitietiny or ~diuhuflinp the Mortpa~bts' ,liR~ilit+~r.,htrs- und~r w upon tha dabt hereby ~ecured. No saie of the premius hereby martpa9ed •nd no fofbeerarrce on the part of rhe MOfiT6`A3S~~:.or i# jbtutprs or ~uipns •nd no •:t~nsion of the time for the peyment of the debt hereby secured qiven by the MOR7GAGEE er ita succnsvrl o?'v~siyn'f;'1MII,ap~ut~ b rskNN, d~sch~rp~, modify chanq~ or •ffect the orisinel iiebility of th~ MORTGAGOR here+n, either in whole or In part. - - 10. It it speciRcelly ~greed ther time is of the esunce of thi~ contract •~d thas no waiver of •ny obligation heraiinder; or of tM obliq~tbrl Qi• Cu~~d F»nby shall ~t ~ny time thereatter be held to ba a waiver of th~ t~rms henof or of the ins~rumene sec~red herby. j~ : ~ 1 i. In addition to tt~e forego~ng mor.thly paymen+s of princ pel •nd interetit rrquired oy the prom~~sory ~ote tetured heteby, ~*+orty~9w wv~nlh~ , •nd ~qrrrs to pay to mertgagee wlth e~ch monthly payment •n •dditional wm eatimered by mort~cgee to be equa! to 1/12 o~.tMy'snnua! cott of tfi~ foll3w- 'rgc . • A-Atl resl property Paxes levied or assessed against the abova deuribed real e+tate. ' B-Prem~umr on fire and wind:torm in~urance es herein requirad ta be tarries! on the improvement• situate on ihe a4C?u ~~ibed .prrmia~. C-Premivmi on such mortgaga guaranty ins~rance es mortyaqee ~hatl from time to time derm fit to urry on ths loan s~turiid: Fyr~by. Mortpspee shall from time to time notify mortgeflor in writ~nfl o4 the ~mount due and payable hereunder end such surn ~hall. thereupon be due ~nd pey~bla on tfie dus date of the r.ext monthly payment •nd each aucceasiva month thereaher unril mortgayee shall noti4y moAysgor of a ch~ny~ in such ~mount. 5uch sum~ rh#11 be •ppliad by mortpsgea toward fha payment af roal property tix~r,-+niwimrs premiums, •n~ mortpap• ywrsnty insur~ncs pr~mium~. IN WITNESS WHEREOF, tfi~ ssid MORTGAGOft has hereunto aet hit ~~and and sesl the day •nd year firit aforesaid. Sip , S~alyd ~ewd Iiv fn th~ pr~stnu o'F: J FI~ED ANO RECO ~--n ''i ~ ?~lf~,~,-~ --;z,~ 2c ?~..n ` `~iE1~- - ' +n -`-`L,-~"'~ efi., ?~~~pt- (5e+~) : . 9 ~kti ~ ' ` ~~-~:~c~~o~'' • 55 „ cQuNiY oF $t.., +Ia~iC'~! ~ u- ~ , , ~ ~ ~ e~..m.ps,;,;~uY' Robert Lee Cash-~d~Ja~D~+~"~r~e~~~,~1. his ~l~e !78 :~Ct ~?id~r C? ~h,to me rwll kreown and krwwn ro rrw ta i» th~{nd~vidwls d~ctiF»d.'`rs:3nd who ~xx~t~d tM forpoinfl im»urrknt ~r+d for~ me that tMy ~x~cvt~d tF» s~rrN fw tho purpo~s~ ,h.~;ti".~~;;h..d....~~.~:_~:ia Ja.r~le Lee G~~sh ~d~t Rob sr I.Be - e s1'~ upon • wpar~t~ ~rd y~ivoh ~xaminatfon~ ~Mii~l~tten asperaN and ep~rt from Mr said h~sband, acknowlRdyed to end befon m~ that ~h~ axetuttd said In~trum~nt fr~sly ~nd volurr tarity ~nd w(tbovt •ny camp~i~ion, constraint, •ppnF+~nsion, o( fear of or from fitr t+ld hvsbend. WITNESS my hand •nd offictal ~eal tfiit_~~- day ~ d. i0~ Nof~ry Pubeit Ir, ~e+d fo~ tFw ~ FbridA ~t G1rq~ My Commiwion ~xpirsu Return To: ~ t•_fri'r ~~c~. t Citizans Fvd~nl Savinq~ l~ loan Aasoci~tion Sl~"~ 0' ~~~:t~~ 4t ' ~1y Co,m~.s,.;n f..,•~;cs ;1;. ;t ~ af St, luci~ Caunty ec~'"' ~ Ft. Pierce, Floride l~y ~~rr