HomeMy WebLinkAbout2604 To plaa and continuou:ly kap c+n the bui!der+ps ~ow or Mreefter siw~» on aid la~d ~d or+ all pvi~rr.wnt u+d p+++ar?~!!y wr~r+!d by thi~ mon~
q~, vrith a!I pr~mlum~ thrr~on pa~d in f~ll, fi~~ i~avrance in th~ uau~l ~t~r+dard policy fwiA, in ~ sww ~pprov~d by 1M MORTGAGEE, w?d wir~torm
fnwtsn-~ In Mu uiwl uanda?d poli[y fwm, i~ s suw~ app~ae~d by tM MORIGAGEE. in ~uth company ot oomp~nie~ a 1M MORTGAGEB m+y
dlrociy Ni firr ~nd w~n~rorm inav~anc~ polic9es on My of ~aid buildinq~, ~ny InNha1 thar~in or p+rt th~r~of, i~ tFn pyre~aq wm afwMaid a
!n ~rwa N+ewof, shall contsin ths uius! standard mortg~g~e clwse ar ~?ueh athst dwro a~ ~h~ Mo~lQaqr+r n'wy ?+V~~iri, maklnq thr 1ot~ w~d+~ a~id pol~
cies, each and ev~?y, payabl~ ro said MORTGAGfE ai iri inter~st may sppear, •nd ~ach e~~d evary such policy ~h~Il bt promptly ps;pntd an8 dtliv~nd to
a~y hsld 6y tiid MORiGAGEE as further security to sa~d mortpege debt, and, not I~u than tsn (10) days in ~dv~~ of tM ~xpiration of each pol~cy, to dr
~ivN fo s~id MORTfaAGfE a rarwwsl thereof, foyctMr with a recs~pt for the pr~mium of wch rsr+ew~l; +r+d thtr~ thal~ b~ no fi~~ or wir~d~torm tnwr~nt~
pl~c~d on any of ~aid buildi»ps, any inter~st thersin w part therwf, unleu in the form and with tM las~ payrbl* ifw~iaid; and tn tht ~vsnt any wm
of nq~~y becon+~ pap~bl~ v~dirr wch policy or po~~dsa s+?d MORTGAGEE shall haw tM option M nc~iw •nd apply the sart+~ on ~tcou~l of th~ i~dsbted~
neu t~tured Mr~by or W pe~n+it s~id MOtiTGAGORS ta receirs a~d ua~ it a any psr? thereof toe othe~ pwpwas. witho.rt tMreb,r waivinq or .np~ir-
ing any puity, lia~ or right under or by virtue of thi~ mortpage; and in t!u ~vent s~id MORTGAGORS aMll fw ~ny reason fail to kesp tM aa+d p+~mise~ so
imured, or feil ro deliva pt~ptly eny of teid policiea of ina~rs~c~ to ~aid MORTGAGEE, or fail promptly to pay fully any prtmium ther~foa ar in •ny
rtiped fail to pKform, distharqa, executs, ef#ect, tompl~te, compfy with and ~bid~ by thi~ covenant, a~ny p~rt Ixnof, ssid MORTGAGEE may pi~ce ~nd
pey for auch inwrante a+ny p~rt thereof without w~ivinq or aff~ctii+~ any option, Ii~n, squiry, or ripht und~r or by virtw of this N?oft~aQ~, and tM
fult ~mount of ~xh and twry such Faymant shall br imm~diataly di» and payabla +nd shall bsar infsraat from th~ dat~ t1»reof until paid ~1 fM r~ta ol
nine per cMtvm per annum end tuqether with auth interrst shall' 6e secured by th~ tien of Thi~ mortq8~.
4. To psrmit, commit or suffer no waste, impairment or deterioration of said prope~ty w•ny p~ri thsrwf.
5. To pey sl~ end ainguler the cost~, cMiges +~d expe~set, Inc~d'+ng a rs~son+ble rPtorrtey't taa ar~d cwt~ of ~batract~ of tiNe, i~svr?~d or p+1d at
any time by aid MORTGAGEE, bacauac or in the ewem at the failuro on the paA of tlx said MORTGAGUR ro d~,ty, promptly ~~d fully p~rform, diacharQ~,
execute, effed, complet~, comply with and ab~de by each and every the atipvl~tions, agreements, tonditiorn, •nd tov~~~nts of said promiuory not~ and thi~
mortgafle eny or either, and seid costY, ch~rges and expcnses, each and every, sh~ll b~ immediat~ly due ~nd pay~bl~t wh~ther or not ther• b~ rotic~ d~
mand, attempt to colleei or suit pe~ding; end the full amount of each and evsry e~ch psyment shall bear inter~tt from tM d~ta thtrwf until p~ld at tFu
rate of nine per centum per annum; and all said cosrs, charges and experises irxurred w paid, together with ~uth Int~re~t, thall b~ s~cur~d by iM IiM of this
mortyay~.
6. That (a) in t!~e event of any breach of this Mortgaya or default on the part of the M~RTGAGOR, a(b) tn tM ~wnt ~ny of ~aid ~~rru oi nwrt~y
herein referred to be not promptly and fully paid within thirfy (30) daya next after the same severally becomt du~ and p~yabl~, without d*m~nd ot notic~,
or (c) in the eveM each anJ evary the stipuletions, agreements, conditions and covenant~ of sa~d prorniasory notr 1nd tA~t mortpay~ ~ny w•itl»r en not
~uly, promptly and fully performed, discharged, ezecuted, effectrd, completed, complied with ~nd abided by, tMn in •iflut w•ny ~uch ~v+nt th~ ~aid a¢
gregate ~um mentioned in said promissory note then rema~ning unpaid, with intQrest accrued, and all money~ sstvr~d. henby, ~hall b~tom~ dw ~nd p~y
ablc forthwitli, or thereafter, at the option of said MORTGAGE[, as fully end campletrly ~s if ell pf the said svma of maney wer~ oriqln~lly ~tipul~ted
to be pald on such day, anything in sa~d promissory note ar in this Mortgage ta the cont~ary notwithstandinfl; and tMrwpon o~ there~her at the optio~ of
seid MORTG/~GEE, withaut notice or aiemand, suit at law or in equity, therefore or thereafter bequn, may b~ prt+aecvt~d u if all montyt a~tur~ her~by
had marured prior to its institution. -
7. That in the event that at thr beginning of or at any time pending any suit upon thi~ lNortqaye, or to foHtlou It, or to r~form if, or to trnfo:e~
payment of any claims hereunder, said MORTGAGEE aha!I epply to the CouA heving jurisd~ction thereof for iM ~ppointm~nt of ~ Receiv~r, ~uch Court ~h~ll
forthwith appoint a receiver of sai~ mortgaged property all and singular, indud,ng all and ~ingulor th• intom~, profit~, iffv~s •nd rlv~n~ei from whet~v~r
source derived, each and every o wh~ch, it being expressly understood, is hereby mortgaged ai if tpecificalty aef forth and dearibsd In ihe pr~ntiny and
habendum clau~es heraof, and such Receiver shall have all the broad and effecrive funct~ons a~d power~ in anywis~ ~ntrusted by ~ Court tp a Reuivtr, ~nd
such appuintment shall be made by scch Court as an admitted eq~ity and a matter of sbsolute right to uid MORTGAGEE, •nd without referento to th~
edequacy or inadequacy of the value of the properry mortgaged or to the solvency or insolventy of said MGRTGAGOR or th~ dafsnd~nn, end that ~uth
rents: profits, income, isauas and revenues shall be applied by such Reteiver accordiny to the lien er ~q~ity of Nid MORTGAGEE ind th~ practiu of ~uch
Court.
8. to dufy, promptly and fully perfarm, discharge, execute, effrct, complcte, comply with and abida by eath ~nd ev~ry fM ftipulafions, lprNrr~nt~,
coeditions and covenanta in sald p:omissory note and :his mortgage set forth. ~
9. That in ihe event the ownership of the mo~tgaaed premises, or any part thereof, becomef vest~d in a p~rwn other than ti+~ MORTGAGOR, th~
MORTC,AGEE, its successors and ass~gns, rc~ay, without notice !o the MORTGAOR, deel with suth sutuuor w MKiMfor in interstt with r~f~~i~+t0 to thi~
mortgage and the debt hereby secured in the same manner as with Mortgagor without in any way vitietin9 Or dixharflinp th~ Mortqayort' liiut~~ty h~rr
under or upon the debt hereby secured. No sale cf the premises hereby mortgaged and no forbearanee on ths psrt of ih~ MORTGAGEE or itt tutteuorf
or assigna and no extension of !he time for tha payment o' the debt hereby secured qiven by 1he~MORTGAGEE or its eucceiiort or auig~s, rhsli op~rot~
to release, diacharge, modify change or affec! the original iiability of vhe MORTGAGOR herein, tither in whols or in part.
10. It is apecificaliy agreed rhat time is of the essencr af thi~ coMroct end that no weiv~rr of ~~y ob~iflstion htrrunder or of th~ obliqation u~
ew~d h~roby ahsll at sny time thereaft~r be held to be a waiver of the t~rm~ hereof w cf tM in~trum~nt ~~cured h*rby.
11. In ad~'~~io:~ te the forego:ng month`y payments of princ'pal and interest rrq~ired by the promistory note iecursd hereby, mortqagor eov~nant~
and agrees to pay ro mortgagee w~th sach menthly payrnent an addirional sum est~mated by mortgagee to be eqwl to 1/i2 of ihe annwl cost of fha follow-
ing:
A-All real property raxes levied or assessed agai~~st thc above described real estate.
8-Prerniums on fire and windstorm insu,-ar.ce ~s here~n requ~red to be carried on the improvementf situete on the abav~ described prsmie~s.
C-Premiums on s~ch mortgage guaranty insurar~ce as mort~ayee shz~l from time to time deem fit fo car;y on thi loan ~etured F+ereby.
Mortgagee shall from time to time notify mcrtgagor ir. ~vriting of ihe amount d~e ar,d payable hereundet •nd wth sum shell iherevpon b~ du• and
payable on the d~e date oi the next month!y payment and eacn successive ;nonth thereafter urnil morTgagee shail notify mortgagor of a chsnp• f~ such
amount. Such sums sF.a~f be applied 6y mortgagee toward the payment of renl property taxes, inturance premiumf, and moripige 9uer~nly inwrenu
premium5.
IN WITNE55 WHEREOF, the sald MORiGAGOk has hereunta set hia hand and sesl the day end y~ar fir~t ~foresaid. ~
ed, Seale eti re" the presence of:
r .,Et,,,c~y'~,n ~ ~I)
~ ne s ~~..i~
~.i / ~f,Q.9-s~_._ ~ , . . s..iz
3'16 8 3 P~ 8 IR9. 1~ T1T1 (5eap
STATE AF a~ACa[ KENTUCKY ~
COUNTY OF J~f _ e_~"^:-i
Beforo me personally appeared - w.. :~,11i-nn - _ tnd
_ Lora BgZltl$ ~,uir1T1 his wife, to me weil known and Rnown to me to be
the individ~els desuibed in and who exec~sed the foregoing ~nstrument, snd acknowledqed before me that they.executed the ~ame for the purposea
rheroin eapres~ed. And the said~ IaQI'g BAZIIIE~ ~t1~7171
wiFe of the said .~L~_ = Duj-TL~? - upon a separate and privete
axaminat~on by me taken separaie ar.d apart from her said husban~+, etknowledged to and before me that ahe ex~ecuted seid ins(rt~rne~q~ftsely and votun-
tarify and witheut any compulsion, cor.stroint, apprehension, or fear of or from her wid husbartd. C~,r~, L~
WITNESS my hand and official aeal th+s__~ - ddy oi ~ """,~'~,4 r~~
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orory Publit in s fw fha Sti~ioi`Fbri a ~rp~
F 1 L A N E C 0~ D E D '"r~'~°"'"'~s+w~~ptr~+Dec r .
Retur~ To: ' ~
Notary .t'tiblic, JtJj'ersOn y ' a.
First Federal Savings & Loan Al~uatl~~~~~C B Q - v.. i'J '
Of FOrt P ert?. , J e,~~ ~i~/ ~ ~ ~'e~p • ' ,
Furt Pietce, Florida ~(~_.~-~c-{/ ~ /~°3~ . • ~ ~
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:~v:'`~''` :'~1~~~•:'~:;; ROG~R ~~u~"TF~~S. CLERK
_ ' <iy`' • :r~~o:-- _ ST. LUCIE COUNTY, ~
- F L O R i D A
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