HomeMy WebLinkAbout2973 And t+id Mong~go~s, for ~hemselvr~ end rheir he;r~, leyal rspretentrtive~, eucutaor~ and s~siqns, h~reby joinNy ?nd Nw~~ily coven~nl •nd ~prt~
to and wi~t~ th~ ~aid MORTGAGfE, irs succeisare and ai~i9n~:
1. To pay •II and sinpule~ the principsl and interect and the vsriou• ~nd •undry tum~ of money payabl• by virtu~ of ~~id promi~wry t:ot~, snd ihii
mortqaqe, sach anc! evary, prompily on the days reipettively the s~me ~ev~raily becom~ dv~.
2. To pay o!I ~nd ~~ngular ~ha taxes, ~?~etiamenn, Iwie~, lub~lirie+, obliyation~ and ~nc~mbrrnc« of •very natur~ ~nd kind now on wid dNtr',b~d
propeiry, or that hereahsr may be impo~~d, wffered, plec~d, Isvied, or •u~sud the~son, w that her~eR~r m~y b~ I~vi~d a~u~u~d ~pon tkb Mort9-
a9e, w th~ indebtedness secured hersby, each and eve~y, when due ~nd pay~bl~, ~ccordirp fo I~w, b~fort they becom~ d~~inqwM, and b~for~ any (nt~r~~l
•rrachei or any penaiYy n inwrred; AND tN50fAR AS AAlY THERfOF IS GF RECORD iHE SAME 5HAL1 DE PROMPTLY SATISFIED AND DISCHARGED OF
RECORD AND THE ORIGINAL OFFICIAI DOCUMfNT ~SUCH AS, fOR INSTAMCE, THE TAX RECEIPT OR THE SATISfACT10N PAPER OfFICIAIIY ENDORSED
OR CER11fIED) SHALL Bf PIACED IN iNE HANDS OF SAI~ MORTGAGEE WIfHIN TEN DAl'S NfX? AFTfR PAYMfNT, snd in tM •vertt that ~ny th~r~of ii not
peid, s~l;sfied and diacharged sa'd MORTGAGEE may ai any t~me pay the same or any p~rt thereof without waiving or aifettinfl sny option, lien, ~quity or
•iql~t under or by virtue of this mongage end ~he (ull amount oF aach and every wch paym~nt shali be immediaieiy dua ~nd payabte •nd ~h~ti beu i~t~nst
from ~he drte thereof until paid er rare of ~iqhf pe~ centvm pe~ annum snd ropeth~r wnh wth intereu •hal~ Gs tecured by ths li~n af th:s marqiaq~.
J. To p~ac~ ~nd oontinvd»!y ks~p on tha b~ild~np~ now or h~rNftw ~ltwr~ o~ u?d I~nd ~nd on ~11 puipm~nt a~d p~rwr+Niy tov~r~d by thi~ matp~
~p~, wtfh ~~I prsmivm~ tMrsw~ p~id in full, fin insur~nt~ in th~ wu~) ~t~nd~rd policy form, in • ~um approved by ths MORTGAGEE, ~nd windstorm
k+tur~ ie the ww! it~ndard poGcy fwm, ~n • ium •pprov~d by thf MORIGAGEf, in such comp~ny w companiN u tM AtiORTGAGEE mav
dlr~c!J ~nd •II f:r~ ~nd windarorm insur~nc~ pofici~~ un •ny of s~id building~, sny int~nst thsr~in ar part tfier~of, in tM ~yqrp~t~ wm ~fw~said w
in ~xaa ther~of, ~11 co~?~in tFN wuai ~t~nd~rd mortp~gH ct~us~ or ~ucfi oth~r ctaus~ ~s th~ Morry~qe~ m~y rpu~rt, mak)ny tM lou ur+d~r s~id polE
ef~s, ~sch and'svsry, pay~bl~ to Nid MORTGAGEE ita int~r~~t may •pp~ar, and eath and avsry such polity sh~11 b~ promptly au.gned ~nd deliv~red to
any Mld by a~id lMORiGAGEE as further aecurity to t~id mor+gsq~ d~bt, and, not I~u than t~n (l0I days in advanc~ of ti~ ~xpir~tian of Nch poticy, ro dr
liwr tp pkf MORTGAGfE • r~newe~ fhereof, tupethe? wilh s r~tsipt for the pr~mium of such ren~wal; •nd rhtr• ~hall kr~ no fir• ar wind~torm inwranc~
pl+c~d cin ~ny of uid buildinys. •ny interest therain or part thenof, unlei~ in the form and w~th the los• p~yebl~ ar •fore~aid; •nd in the •v~nt •ny ~um
of mo~~y b~come~ peyabts undsr wch poiicy or policies seid MORTGAGEf th~ll have the optdon to receive end ~pply the aame o~ ~ccouM pf th~ indebted-
n~as wcund Mr~by or to permit said MORTGAGORS to receive and we it or eny part thereof for other p~iposei, withoul the~eby waiv~ng or impair•
lnp ~ny pVify, It~n or riqht undat or by virtw of thi~ mortq~y~; md in 1M •vsnt taid MORTGAGOR5 thall fw any re~ton f~il to ketp tht t~id premift~ so
)ns~red, ot f~il to delivsr promptly sny of s~id policiei of insur~nc~ to ~sid MORTGAGEE, or fail promprly to pay fully •ny p~emium thersfor w{n •ny
r~specy f~il lo parform, diuharye, axecute, effect, complete, comply with end •bid~ by thi~ covenant, or any pert hereof, said MORTGAGEE m~y place end
p~y ior ~uch insurance or •ny part thereof wifhout waivinq or affsctinp sny option, lien, equity, or right under or by virtut of thi~ Morty~qe, snd ths
fvll ~mount of ~~ch and wrry tuch paym+M ~hall be immediataly due and pay~bie •nd shall beu intere~t from the data thereof until prid th~ ra!e of
nins p~r centum p~r enn~m and to9ethtr with fuch interest shali be ttc~red by th~ li~n of rhis mortqa9e.
4. To permit, comrts'r~ or suffrr no wa~te. tmpairment w deterioration of »id propsrty or ~ny part thereof.
5. to p~y all ind iinpulrr ?he cos~a, ch~rge~ and exper,tes, includ~ny ~ n~son~bir ~ttorn~ry'~ fte and cosrs of abstrads o# t;tle, incurred or p~id af
any fim~ by s~id MORTGAGEE, beuwe or in the event of the fsilure on tM p~rt of th~ uid M03tTGAGOR ro duiy, promptly •nd fully perfo~m, di~ch~rqR
~xrc~t~, ~if~ct, complsta, compty with and ebide by e~ch •nd every th~ ~tipul~riona, ipr~ements, conditionf, and tovenanti of said p~omiuory not~ •nd rhi~
mo?tyay~ ~ny or either, •nd ssid cosrs, charqe• and expenses, each end every, thall b~ immedistefy due snd payable; whether or not th~r• b~ notica dc
mand, attempt to collact ar ~uit pendinfl; and the full emount of ~ach and every s~ch payenent shaN br~r intere~t fr~m the dafa therwf until peid •t th~
rats of nine per centurn per snnum; and alI ee;d coits, charqes and expemes incurre~ or piid, to9ether w~th ruch intenst, ahall b~ secured by ihr lien of thia
mwt9+p~.
G. Th~t in tht svent of nny brrach of ti~is Mortg~gs or default on ti~e pert of the MORTGAGOR, or (b) in the event any of s~id suml of money
Mnin r~f~rret! to ba not ptomp!ly a~d F~IIy peid within !h~r9y (30) daya next aher the •ame tcverelly become due •nd payabts, witho~t demand or natice,
or (tj in fM evRnt •ach and evrry the itipulations, agreements, conditlons and covsnanb of said promissory note and th~• mortysq~ iny ar •itMr •re nef
~uly, promptly and fully pevformed, d~schargcd, execwed, effectcd, complstcd, tomplied with •nd abided by, then in eitfier or ~ny wch weM iha faid ~p~
prpat~ sum mentioned in tsic! promitsory note then remaini~ unpald, with interest accrued, and •II monays tecurrd hereby, shall betom~ du~ ~nd pay~
ahl~ forthwitk, w tlxroafter, at the optio~ of ~eid MORTGAGEf, a• fuNy ard complslaly es if el! of tha aa~d •ums of money wer~ ori~,inally ~tipulsted
?o b~ peid on such dsy, enythiny in ~eid promissory note or in thi~ Mwtyage to tha tontrsty notwiths~endinQ; ~nd thrroupon flr there~firr ~t tM option of
N~d MpRTGAGEE, wittx~~f notice or demand, suit ~t Isw or in equity, thertrfore or tMre~fter begun, may be proscc~ted ae ff all moneya sacvr~! her~by
h~d rtNtund p: ~or to its inttitution.
7. That in the evtnt that at the beginnir.g af or at any time Fendinq eny ~uit upon thit Morfgs9e or to fo~alose if, or to reform it, or to enforte
paymtnt of :ny claims hcreunder, ~aid MORTGAGEE shall apply to the Cauit hwing j~risd~ction theroai ~r the appo~ntmenr of s Recrivsr, tuch Couri ~hatl
iorthwfth appo;nt s receiver af ~aid mortpsgtd property all ~rtd iingulsr, intludmq all ~nd singular the intome, profit~, isiues ~nd rovenues from whetw~t
wvrte d~~ivtd, e~ch ~nd ~very of wh~ch, it bein9 exFressly understood, i• hereby martfl~ped es if ?pecificelly iet forth •nd dsuribad in tfs! ynntiny ~n~
l~rb~tnd~m ci~use~ hereof, and suci~ Receiver tha!! have al! the broad end effeaive funcrions snd powers in snyw;se entrusted by a Court to • Rxeiv~r, and
such sppointrreerot shall be mada by suth Co~:! e~ an edmitted equity and a mattfr of •biol~te right to ~eid MORTGAGEE, rnd witho~t refertnu ro tM
~daquaty or inadequecy of the valvs ef the proptrty mortgag~d or fo the io:vency or insolvency o} aa+d MORTGAGU+i ar the defendsnri, and thst tuch
r~nh, profitt, income, issues and rovenues shall be epplied by ~uch Receiver ~ccord~n9 to the lien w eq~ity of iaid MOR7GAGEE snd rhe prectiu of suth
Ceurt.
8. To duty, prompt(y s~d fully perform, discharq~, exec~+e, eHecf, comptete, compty wirh •nd ebide by each and ~rery ths :ripuletiau, ~qrwments,
conditfom ~nd coverunta i~ seid promisaory nore and rh~i mortpage ast forth.
9. Th~t in the event the ownerahip of the mertqeged p~emises, or sny part thereof, becomea vssted ~n • person other than tM M~R7GAGOR, tfia
MQRTGAGEE, iri succss~on and ss~i~ns, mey, withaut notice to the MORTGAOR, deal with such tuctetsor or tvccesaor in intere~t with refsrenca ro thia
mortpsp~ rnd the debt he~eby secured in the samt manner a~ with Mortg~yor without in •ny way vitiatin~ o+~diftherflinp tha Mortq~qon' li~bility Mri-
und~r w upo~ the debt hereby ucurcd. No se!e of the premitei hereby mortysfled ~nd no farbear~nte on the part of the MORTGAGEE or iti sucoeunrs
or uai9ns and no ~xtension of the f;me for the paymer+t of fha debt heroby setured yivsn by tha MORTGAGEE or it~ •ur_c~sssorl w~stiQna, ~h~l{ op~rato
b hl++~, dixiwr~, modify chanp~ or affett tha ori~~nal f+ability of the MORTGAGOR herein, either in whole or {n part.
10. It is spacifitally ~greed that time i~ nf the exsence of 4his controct and th~t no waiver of any obligation hersvnder ar of tf» obtifl~tion ce•
Wr~d Ft~nby shap tt my time th:reafter bt held to he • waiva of !hM trrnf hsrsof o! of the instrument secured herby.
31. M sdd~tion to the foregatng monthly payments of princ pal and interest requ~red by tAe prom;saory note securcd hereby, mortgapor covtnants
and ~prNrs to pay to mortflagee with each monthly payment •n •dditional wm ettimeted by morfgcgee to !x equal to 1/12 of the annwl cost ~rf tM fol(ow-
A-A!! rea! property te.:as levird or essessed againet thr above desc.ibed rral eststQ.
B-Pramiums on fire and windstorm insurance st herein rtqu;red to bc ta:ritd on the improvement~ situatt an the above described pr~misea.
C-Premiums on such mortgage gueranty iniurance es mortgagee shall trom time to time deem fit to carry on the (osn ~ecured hereby.
Jlqortysgea thatt from time ta time notify mortgagor in writinfl of tt~e emount dus and payaole hereunder and ~uch sum sFsll thtreupon b~ dus ~nd
pay~ble o:~ the due ciate of the next mo~thly payment snd each suuessive month thereafter unti! mwtgagee shali notify mongwqw of ~ chanQ• in wth
smount. Suth svms ~fiel! bs spplied by mortgagze towerd tho payment of reel property tsxes, f~iuranca prem~~ms, md mart9eqe qu~nn.ry insutancs
premivmi.
IN WITNESS WHEREOf, tM ?aid MORTGAGOR hst hero~nto set hi~ hand and ieal fhe day snd year first aforesai .
S«pnsd, aled •nd d~fi ~d th~ pres~nce of: ~
_ FIL~p ~~;~Q~RECpRD~D ~
~~ICtB .~~~CQi_a__?oo ',~.L~
~~L~/ f0 n-sn
~ ~ -
t ~0~ ~V~, 1 J ~:'I ~ . ~ y (se.p
j STATE Of FLQRIDA
~ S~. Lucie ~ sa ~ ~ , a , ;
c03JHTY OF
' bf~$~ +~0.'~4h~lY ~ppeered ~ - - ,J k ~ i ~ •nd
.J,
a i- hi~ wift, to me well known snd known to ms tv ba
1ti}-~vid~ul d~?C.-~ib~d,~in snd who ex~cured tha for~oing inshv , ledped befon me that th~y ez~cuted !hs urr~ for the puepotee
?l~.+iu+~~~~ «d. yAnd rt+e~ ic.td Ml~ mo 118 T_ S~hj? q
wP~ Of:flNr(~1~0..• - ~ • f. aTOP,eC] uyan • s~parat~ artd prfvii~
~xMO~fSwt by rra M~d aspar~te •nd •part fram her seid husbtnd, ~cknowitdqed to ~nd befor~ m~ that ahe execvted s~id Insfrumsnt frrrly rrsd volurr
hri~i.,~b ~ilf+aut ~ari'~i ;cqni?pl~ipn, oarunaim, apprehe; ~~nn. ,qr fear vf or from t»r said husb~nd.
~ ~ -
VWTNFSS m D~,
Y,hiiki.~~qd'vffidil ~esl~thii_ J~ day of A. D. 19~
~ _ -
. - Notsry Public :n ~++d f Stat~ of Fbr(d~ at larpe
' - - k`.y COmmiNion ~r.pir :
Retqrn 70: , -
~i~1v7; 'r' . ~ ~
CiPi:~n~ F~d~r~l Sa~iwys _k. 4oan. A~s~ciatien !
1 ~ ' J • L~y C~T,'rf~S~.~. . ~ ~ ~ ~`~Jy^
of ~Jt. ~up6.~jOM1~F, - ~ .
, ~ ~~f~0.~ :f . ~3 ~u.
Ft. Pierce, Flbrid;''~. ~ O ~
~r~/
r~ • t,,`•, ~w~~ B~~R .L~~ tJ~~