HomeMy WebLinkAbout0515 ' To pl+a and oontNwoudy kwp on tl+~ b~ildi~ys now or M~eaft~t s~tuate on said land ud oe dl eq~ip.~ and pnsanally tovN~d by tl+i~ n+onp~
p~, wiM ~it p?~nfw~a tM?~on p~id in full, firt in~uranca in tM uiwl staaierd policy form. in • tum ~pprowd by IM AAOitTG/1GEE, N+d wfrnhrorm '
Yww~na in tM wwl ~ttndad policy fwm, in ~ ~um approv~d by tF?~ MORTGAGEE, E~ a?ch comp~ny a oore~panla a tM 1MQtTGAGfE nNy
dl?~N~ ~nd all iih ird ww+datonm t~swae~~ policias an any of aaid buildinp~„ +ny i~pr~at M~r~Ia w pan tlnnof, in tM pprp~t~ w~r+ ~fatuid a
In s~as th~nof. d+al! contNn tM uwal sqnd~rd rnortgafl~e clivst or suah otMr clauu a ths Mwtya~ may rpvin, nwkinp tM lau uneiM taid µo11~
tiq, Nch ~nd ~vrry. p~Yasl~ to said MORTGAGEE as in interest may app~a, ~nd ~ach and avt?y ~uch policy ~hatt b~ promptly au:pned and d~liwr~d io
. anr Mld by Nid MORTGAGEE u iurtAsr ~ecurity ta sald mortgaye debt, and, rat I~ss tha~ t~n (101 d~ys In ~dvanct of tM •xp~r~tion of Nch policy, to d~
~iv~ 1o wrid MORTGAGEE a rrnewal tl»rtaf, 1op~tMr with a rece+pt for the pr~mtum of such r~w~l; and ~1+K~ that~ b~ no fire w wind~torm insw~nc~
plaad p1 ~ny of t~ld buildinpt ~ny i~hrat fMr~i~ a part th~reof, unteas in ths form and wirh tiw loss pay~bl~ ~ afont~id; Mnd In fM ~wM ~ny wm
of mon~y b~ payabb w~dK wch polity w pol~ci~s a+id MORTGAGEE shall hav~ tfie option to r~ulva and apply the sam~ on account of tht indebt~d-
neq uetuhd IKr~by or 1o pKw~if wid MORTGAGORS lo r~taive and usa it W any psrt ffie~tof fw other purpose~, wirhpui thareby waivinp or impsir-
M+p ~ny ~qu(ty, li~n ar ri~ht undN or by virtw of thia mor~qsfle; and in the svent aid MORTGAGORS shall for ~ny rNSa+ fail to kKp th~ tiaid pr~mi~ w
inwnd, ot fdl 1o deliwr pranptly ~ny of uid policies of ins~nnc~ to ssid MORTGAGEE, a fail promptly to pay fully ~ny premium th~refor or in +~y
?Kp~et fail to p~rfarn~, diichar~, ~x~cvte, ~ffect, c«npl~te, compty wirh and abide by rhy eov~n~nt, a any part M~+of, said MORTGAGEE may placo and
py fa? auch hawanri or any p~rt th~nof withcwt wsivlr~g or aff~ctiny any option, fie~, puity, w r'~pht undK w by virtw of tF~i~ Mort~ap~, ~nd the
full anaunt of s~th u?d every wd+ paym~nt slwll bs immedistely dw and payabl~ ~~d shalt brar inttrsst trom th~ dv» t!?~reof vnril paid at th~ rat~ 01
nin~ pK qntum pK ~ne?um and tcgether with such intrrest shetl be secund by tM lien of this rrwrtpaqe.
1. To pKmit, wmmiT ot wff~r no wsttt, impairrrknt or deteriorotion of said proparty w~ny p~rt thereof.
3. io psy ~11 ~nd ~lnpular th~ co~1a, charpa and expenses, includiny a reasonable ~nomey'~ fee a~d cott~ of sb~nacn of titl~, lncvrr~d or pacd ~t
any tim~ by tiid MORTGAGEE, ba+uxe ar in the evant af the failure on the put of the taid MOR7GAGOR to duly, promptly ~nd futly pKform, discharo~.
s~KUt~, ~ff~cr, tompltte, comply wirh snd ibids by ~ach and every the stipulations, agrcements, cortditions, and oow~~nts of Nid promifwry noh ~nd thia
mort9ap~ ~ny w ~itM?, and said costs, charyas and expense:, each and every, shall br imm~diat~ly due and pay~bte; wMther or ~ot rhen b~ notiu d~
m~nd, ~tt~mpt to oollact w~uit pe~dinq; u~d tM futl emount of each end avery ivch psyment ~hall bear infaM~t fran tM dat~ tMr~of u~til p~ld ~1 tM
rrte of nieN p~r crntum p~r a~num; and all wid easts, tharge~ snd expenses incurred or paid, together with wch Int~nat, aMlt b~ a~eur~d by tM li~n of if+u
morlpaq~.
6. That (a) in M+e ewnt of ~ny breath of this Mortgafle ot default an the part of the MQRTGAGOR, or (b) in tt» ~wn! any of utd wms of mon~y
Mr~in r~far~d to be not promptly and fully paid within thirty (30) days next after the aaMe :everally b~com~ dw ~nd p~yabl~, without d~msnd or notic~,
or in tM ~wK+t ~aeh rnd iwry the ~tipulatio~s, agreements, canditions and coven~nts of ~aid promiuory natt and this mortQrps ~ny a~Ither ar~ not
iuly, promptly ~nd fully pNform~d, diuharged, sxecuted, effected, comp{ettd, complied with and abided by, th~n in ~ithtr or ~ny ~uth ewnt th~ s~id
prpatl wm er~ntioned in wid promiuory note then remaining unpaid, with inte~est ~<trued, and all m4ney~ wcuTrd. h~nby, tMli blcom~ dw and pay~
~ ~bl~ forthwith, a tMrtafttr, at tl?e option of said MORTGAGEE, as fully and complrtely ~t if •Il of the uid ~vn~a of mon~y vwn Ori~pin~lly ~tipul~ttd
k+ bf psid on svch day, anythfng i~ ssid prom~~aory note or in this Mortgage to the contrary rwtwithit~ndinq; ~nd th~rwpon or ther~rftN ~t tM opti~on of
aid MORTGAGEE, without notic~ or demand, suit st law or in equity, thrrefwe or ttwreafter bsyun, may be prowcvtad 1~ if ill mon~yf s~CUr~d FMn6y
hail rrNh~nd prior to iti i~ut~tvtion.
7. Th~t in tM svenf that at tik bayinning of or •f any time pending any suit upon this Mortflag~, or to ionClos~ It, w ro r~form It, or fo enforq
paymMf of •ny d~imt Mn~nder, said MORTGAGEE shaii apply to the Court having juriadiction theroof for iM ~ppoinhntnf of a R~c~iw~, such Coun ahall
Forthwifh ~ppoint a r~ceivsr of sa~ mortqsged p~operty all and s~~gular, includ~ng all and iingular the incorrw, profits, lsswt •nd revMtn~ from what~v~r
wurn d~rived, Nch ~nd twry o which, it being expressly understood, is hereby marrgayed ~i if spscifically s~t forth and dperil»d In tAi yr~nfinq and
hak»ndum tlavsM her~of, ~nd wch Retefver shalf have ait the broed and effective functions and powen in ~nywiq ~ntrusted by • Cwrt fp • RKeiv~~, •nd
•urh ~ppointrr~nt ~hall br made by wch Court ai an admitted equity end a matter of absolute right to ~aid M4RTGACiEE, and without nf~nne~ to tM
~d~quacy or fnsdpuacy of ths v~tue of tl~e property mortgaged or to the soivency or ~nsoivency of Hid MJRTGAGOR or rhe d~f~»d~n» +nd th~f ~uch
rsnts, profits, itxana, iuuei and revenue~ shall be applied by such Receiver according to the lien ar equity of Nid MORTGAGEE ar?d th~ pradiu of such
CouA.
8. To duly, promptly and fvlly psrform, discharge, exccute, effecf, compiete, comply with end abide by each snd ~very ths stip~latioos, agrNrrwnis,
conditioro a~d toventnts in aid promissory nora and rhis mortgage set forth. '
9. That in ihe sven! the ownership of the mortgayed premises, w any part thereof, becwnes vested in a p~non other tha~ tF» MORTCsAGOR, tha
MORTGAGEE, in ~uccessars and tsaiqns, may, without notice to the MORiGAOR, deal with such s~tuw~r w~x,s~twr in i~tvr~~i vrith r~f~r~ne~ to thi~
mortpaye end the debt hereby secured in the same manner as wirh Mortgagor w;thout in eny way vitietiny w dixh~rflinq the Mortqa9an' li~bility Furrt
under or upon tM debt F?eroby secured. rlo sale of the premises hereby mortgaged and oo farbearante on tM part of tht MORTGAGEE or ib wtceuon
or ~ssign~ snd no exttrnsion of the timr for the pnyment of the debt hereby secured given by the MORTGAGEE or it~ ~utttssors or ~ssipn~, ~hall op~rat~
to rsleare, distharpr, modity charrge or effect the original liability of the MORTGAGpR herein, either in whole or in part.
]0. It i• specifititly agreed that time ia of the essence of this controct and that rro waiv~r of any obliqation her~u»der or of th~ obliq~tion sr
cvr~d Mrtby ah~lt st any tims thereafter be held to be a waiver of the terms hereof w of the i~itrument stcursd huby,
11, In additian to the forego:ng monthly payments of princ'pat and inferest required by the promi:wry note tecured heraby, mortpagor cown~nri
and agreea to pay to mortgagee with each monthly payment en addi~ional s~m tsiimated by mortgagee to be equ~l to 1/12 of the annwl tolt of th~ follow-
ing:
A-All re~) property taxes levied or assessed agai~st thc a6ove d~saibed real estate.
B-Premium~ on fi;e and windatorm ineurance as herein requ~red to be carr;ed on rhe ;mprovements ~ituats on th~ sbove deserib~d pr+mlt~t.
C-Premivms on suth mortgage guaranty i~wror,ce as mortgagee shall from time to time deem fit to urry ot~ th~ loa~ setured h~r~by.
Mortgagee shell from time ro time natify mortgagor ~n writ~ng of the amount due and payable hereunder snd such ~um sheil th~r~upon b~ du~ end
payakrle on ihe due date of the next monthiy payment and each s~ccessive menth thereafte+ ur.til mortgagee shall notify mortgagor of • ch~np~ in auch
amount. 5uch sums shall be ~pplied by mortgagee toward the payment of real property taxpa, inwrance premiurtss, ~nd mortyape flusr~nty insursnco
premiums.
IN WItNESS WHEREOF, the seid MOR7GAGOR has hereu~*.o set his hand and seal the day •nd y~ fint afortt~id.
SiQn~d, S rl~d end da~rsd in tAe presence of:
~.~~c.-t.~tX.GC-U~ GZ~t~-~..~ ~~~q
- ~ .n
--.~~0
(5eei)
TATE OF fLORIDA ~
couNrr of S t. Luc ie
&fore me psnonalty appeared - CZAmlil~~ Davi~+. g 1d~C10Y~
- -M» wi#~, to me well known and krwwn ta me to k»
the individual~ described in and who executed the foregoing inatrument, and acknowledged before ma that $heri exetuted the wme for the purpcte~
therein ~xpres~sd. 11~fwe~ni~_
~rifr ef-tha-ssf~ ~ -arga~ny-sspKMr~+4 Mr'ww
~~ew~i~++iw~~-b~ irer ~swen yepsb4e-ar+d-spe~>-froT-~ie.+-~si~ 4n»ber+d-sewwe~rFedge~ Fs ~ne~befsr? ~+r 4hN ~M-e~ewilei ~a:~~n~?~~nwM~-frs~tgr an~.volrw.
~aw1y ?Nd..v.rti~ort~.aRp. w~wwl~i~rti- ww~K+irHr +?~s1~eMio~rw. f.~ ?~.r~~rw i~er. wiwl ~aa4o.id.
WITNESS my hand end official seel thia ~-1~~ ~Z day oi A. D. 14~~
~ ~
Notary Pubtic ' snd for ths State of FforFda ~t L~rQs
My Gommiuion expir~a:
1:~t~Fq(] To:
r,~ Notary Pub~c, State of Ptorida at Ca~e
Ftrst n Asiotiation
~ M Comm~ssion Ex res Au 6 1967
. e•~'~~'Tii•fb~+. ~ ~+i~ Y P~ 8• ~
• • • F~~. ~I sondpd 8y Amu,can Surrc,~ co, af ~L, 1L
^ ~1 fM1era: ~lS~i i ~ ~ ! ~ N
~ ~ ~~T Aq _ - ~1t~~ecao~ ~ED
, . .r ~ _ g p o K : ~ : . . ; .
~G's: ' : ' . ,,\\i`.','' •'l:i~:
. : ~~o~.: ~G- • ~5 1,,r ,
' .g 1..~ .~t~''~ , 3~ ~ 3 ...,,.•E,.
. ; : ~ ~ PI~ ~ ~ ~~.s~-.~r,~:~~u, ~
r' " • . L` . ~ '
' . 'h"~ .~~~r~'Oc~ - :~~'`ry--•
. ROGE r? ~t. J _ :
ST. ~~~IEFCp . C~E~K ~ _ . _
F~dR~O~~NTY, ~ : . ' ~ .
~ . . .
$oox123 ~~3 . . ~
~ . . _ . " < ~