HomeMy WebLinkAbout0732 9. To pixe and contimro~siy kkp on th~ b~ildin3~ now or he~aahe~ strcate on said land Md on ~I~ puipnwhA and pNton~liy tav~r~d by ti+is vewrt¢
ap~, witfi ~II premium~ tMr~on paid in fu~l, firo i~svrance ~n the utiual u~ndard po!ky form, in ~ tum ~pprov~d !iy ths MORTGJIGEE. Md wH+dporn?
M~wr~ncy 1n Mw usual ~randard pol;ty }wm, in • sum opprovad by rhe MORTGAGEE, in ~uch company o~ comp~e~t~s q th~ MORTGACiEE nwy
dfr~cl1 md all fin +~nd wind~iorm insvr~rice policlea on any of said build~nps, any intar„t tMr~in or p~?t tMrwf, M th~ ygrp~t~ wrn ~fot~id w
In ~xt~p tMnsof, tMli contafn tM w~al standud mor~gagee clevse o~ ~~ch other d~uss aa tM Mortpa~ may rpuire, makinp tM lost ~n+dM s~id polF
ti~s, ~ach •nd ~wry, payabf~ ro wid MORTGAGEE as ite inferest may appear, ~nd each a~d ~very ~uch poliq ~hall be pramptly ps;qn~d ~nd d~liwr~d to
~y Mld by said MC1ltTGAGEE ~a furthtr s~cu~ity to sa:d mortgags debt, and, not le~ than tsn (101 d~Y~ in idvanc~ of t1+~ ~xp+ration of Nth polity, to dr
llvtr to ~ai~,t MpRTGAGEE ~ r~w~l tMr~of, togeth~r wirh . receipt for tl+e premium oi tuth r~nsw~l; ~nd thN~ shall b~ no fir~ a wind~torm inwr~oc~
p~~d on~~ny of said buildi+gs, any Interest thsrs~n or pait thereof, ~nless in the form ~nd with tM lou payable u ~for~aid; a~+d th fM ~v~nt any ~um
of mon~y ~cpmy payabt~ ~~r such polity or policies ~aid MORIGAGEE shal! Mva th~ option to nteiva ~nd-apply tM Hm~ on accouM of iM ind~bted~ -
n~a a~cured het~by a to pNmif ~aid MORTGAGORS to receive and uf~ it or sny part thereof fw otF~er purpose~, without thareby waiviny or impair-
inp iny p~itp, li~n ot riyht under or by virtw of thi~t mortqage; and in the event ~aid MORTGAGORS sha11 fw ~ny rta~ fail ro kKp ths Hid pr~misN so
Ins~rsd, a fai) to d~liver promptly iny of said polities of inw~anc~ to said MORTGAGEE, or f~il promptly to p~y fvlly ~ny pr~mium thtnfor or in a~y '
rospscl fail ro p~rfwm, discherpe, ex~cut~, sffect, complete, comply wirh ~nd abide by thi~ coverwnt, a a~y part htreof, ~aid MORTGAGEE rr+~y pl~ce and
p~y for such 1nwr~ncs or any part fhtreof without waiving or affecsinq ~ny option, lisn, puity, w ri9ht u~t d by vi?tw oF th+~ Mwtpap~, ~nd tM
fuil amovnt of ~atF end ~wry iuth p~yma~t shall be immadiately dw and psyabl~ ~nd ~hall beai inte~~~t from ih~ d~t~ tMreof until paid at tM r~t~ of ~
nir~ per Centum Far annum and toyether with such i~terest shaU be secured by the !iM of rhis mortyaye.
4. To psrmit, eommN or suffsr rro w~sM, impairment a deter+oration of said property or ~»y part thenof.
5. To pay all and ~inyulir the tost~, cbsrget end erpenus, intluding a reasonable attorney'~ fee and tott~ of abstr~ch of Nile, inturr~d or paid at
sny time by said MORTGAGEE, becauie ur in the event of the faiiure on tha part of the ~aid MORTGAGQR to dvly, promptly ~nd fully p~rfam, ducha~,
~xecu», ~ffett, tanpl~t~, comply with and •blde by each end every the stipulations, ~greements, condiriont, and wwn~nts a( uid promiswry not~ •nd thi~
mon9~pe ~ny or sithN, and uid tosta, cMrgea and expenses, each ar~d every, shall ba immed~at~ly due and payabl~; wMthsr or not tMre b~ natit~ d~
m~nd, atttmpt to collect or auit pencling; and the full am~unt of each and evary wch paymem shatl besr int~r~st from fM datt fMreoi unti! p~id at th~
rote of nine per esntum per snnum; snd all ?aid costs, charges and expenses inturrad or paid, together with euch intrnst, shall b+ ~tur~d by ti» li~e+ of thu
mort9W~•
6. ll~at (a) in ihe ~vtnt of any breuh of this Mortgage or default on the part of the MORTGAGOR, w. (b) in th~ ~v~nt any of qid ~urtu of moMy
her~in refarred ta be not promptty and fully paid wifhin fhirty (30) days ~exr aftar ihe aamc severatly becom~ due ~nd pay~bl~, without d~mand or notic~,
or In the event ~ach and evary the stipula~ions, agreemenrs, cond~~ions and covenants of aa+d promistory nots and thi~ rnortyaq~ any ar tithet •r~ nof
~uty, promptly and fully parformed, discharged, execured, effecrcd, complered, complied with and sbided by, fhtn in titMt w eny ~uch ~wnt the s~id p~
yregata sum rrhntionad in ~aid promisaory nore then remaining unpaid, with interest actrued, and all moneyt tetur~d, h~reby, sMl) betort?~ dw ~nd pay,
ab!• forthwith, w tMrsahar, at the option of said A10RTGAGEE, as fullv and completely as if ell of the seid fwes of mon~y w~r~ oriyinally ttipvlattd
to be pa;d on i~ch day, snythin~ in sa~d prom~asory note or in this Martgage to the contrery natwilhst~ndinq; aex) tMrwpa~ or th~r~~fter at rh~ op+ion of
taid MORTGAGEE, without notice or demand, suit at law or in equ~ry, the~efore or thereafter beyun, mar b~ proMtul~d u if •II mon~yt tKUr~d h~r~by -
hed maturad prior to iis inititvtion.
7. That in fhs evenf ihat s/ the beginning of or at any time pending any iuit upo~ thif Morty~9~, Or to fwreloN it, w to nfOrm It, Or f0 ~nforp
payment of any cleim~ h~re~nder, t~id MORTGAGEE sha;1 apply to the Coun having juristiitiion thereof for th~ ~ppointm~nt ot a RKtiwr, tuch Court ~h~Il
farthwith ~ppoint e rectiv4r of sai~1 mortgaged property all and singuler, includ~r.q all and singular the incorr~, proiits, luw~ •nd revlnvet from what~v~?
wvrce derived, each and evary o# whi<h, it being express'y vndersrood, is hereby mortgaged a~ if ~pecificslly a~t forth end d~suib~d in the qr~ntinq •nd
habendum cleuset hcrsof, and such Receiver shell have a!I the bread and eff~ctive funct~ons and powert in J~ywi~e ~ntru~tfd by ~ Covrf fq s Rtttiver, ~nd
suth eppoiniment ahsll be msde by such Court as an adm~rted equity and a matter of ebso!ute rigfit to wid MORTGAGEE, ~nd withput nfer~ner fo fh~
adequacy or inedequacy of ihe value of the ~roperty mortgaged or to the aotvency or insolvency of ~aid MdR7GAGOR w th~ defend~rt~, ~nd th~t sueh
renrt, profits, intama, issues and revenues shall be applied by such Receiver accarding to the ~ien or ~quity of s~id MORTGAGEE ~nd th~ praetiq of tuth
Court. •
8. To duly, promptly and fully perform, discharge, execute, effect, complete, comply with and abide by each and every fM ftipuiatPOr!s, ~y~Nrtwnt~,
conditions and cavenants in said premissory note and this mortgage set forth. ' ,
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9. That in !he event the ownership of the mortgaged premises, or any part lhereof, beeomes vsst~d in a penon ether than the MORTGAGOR, th~
MORTGAGEE, it~ sutcessart and sssigna, may, withaut notice to the MORTGAOR, deaf with such ~uttMSw w ~ue~t~or in inten~t with tef~r~~q t0 thi~
mort9~9e •nd the debt hereby secured in the iame mannpr aa w~th Morrgagor witfiout in ~ny wey vifiatin9 or disthsryir?Q fh~ Mortpa~on' (IlbilYty h~rr
under or upon the debt hereby xcured. No sala of the prem~ses hereby mortgaged and no forbearenq o~ tha part of th~ MORTGAGEE or itt tucte~tort
or etsigns and no extension of the time for the payment of the debt hereby eecured givon by the MORTGAGEE or it~ wcceuor~ or auipn~, ihall op~r~t~ #
ro relea:e, d+scharpe, modify change or affect the orfg;nal I~ab;I~ty of the MORTGAGOR F~erein, eitFur in whole or in p~n. ~
10. (t is speclfically agreed thet time is of the essen:e of rhla contract and thet ra weiver of any abliqstio~ h~reu~der or af th~ oblip~tion q- ~
tured h~~eby shall at eny time t~ereafter be held to be a waiver of the terms hereof or of the instrument iecur~d h~+by.
1 L ~n addition to the forcgo:nc~ monthly payments of princ pal and interest req~ired by the promiswry note secured hereby, mortqagor tov~nant~ s~
and agrees to pey to mort0egee with eath month4y payrnenr an add,~i~nal sum estimated by mortgagee to be eqwl to 1/12 af the ar.nual cosf of iM follow-
ing:
A-~-AII real property taxes levied or assessed dy3i~15! thc above descr;~ed real estate.
B-Premiums on fire and windstorm insurance as here~n rrq~;red ~o be carried on the +mpr:vements situafe on fhe sbovp dt~tribed pr~mi~es. y
C-Premiuma on suth mortyaga guaranty insurar,ce as mo~tgagee shall from t me to tima deem fit to csrry on the ioen ~eNred hereby.
Mortgagee shall from time to time notify mcrtgagor ;n writ;ng of the ar,~ou~t due and payable hereunder and suth sum shell ther~upon 6~ due +nd
payable on the d~e datr oi the next monthly pay~~enr and each successive month thereafter ur,til mortgrgee ihalt notify mortgagor of a ehang~ ln iuch
amount. Such sums shall be applied by mortgagee tow-ard the payment of real property taxes, inaurance pr+em;um~, and mortpape quersnty insurenct
premiums.
IN WITNESS WHEREbF, the ssid MOi2TGAGOR has hcrcunto set his hand antJ seal the day and yNr fitat afares~id. #
~ ,"ar lad snd~livered i ? pres ce of: / ~
c_ ~ ~,61 ~ /G " ~~iL ~~j
s.,n Y
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ts~a?~
STATE OF Fl.ORIDA ~
Saint_Lucie u• ~
COUNTY OF ~
Bafore me personally appn.artd TOYI'I ~I riek
S llie Mae M iak s k~. Se~llie Mav Mvrick h;: W~r~, fo well known snd known to ,r,~ to b.
the individuals deicriDed in and who ezecuted the foregoing instcumer.t, and atknowledged before me 4hat they execvted the same for ihe p~rpose~
?~e«;~ expressed. And tne isid Sallie Ma Myricka~~k~g Sa113e Me,y Myriak
wife of the taid Tom Myrick ~ „p,,, a separete end privet~
exam;natfon by me taken separate and apart from her said husband, acknowledged to and before me that ihe ezecuted said inatrument heely snd volurs-
tarily and without any tompulsion, constraint, apprehenaio~, or fesr of or from her said husband.
WITNE55 my hand end officiat seal ihia ~~h day of__ - Au~] ~8t A. D. i9~
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~ Notary Pubiic in snd for the State of Floride at tarys ~
Return Ta: • My Commission ~xpir
~TCtary Pub#lc, State of Florida at Large
fint Frdere~ Savingi -3 loan Assoc~at~on My Commission Exp~r~s Nov. 3, 1955
8on~ed by American Surety Co. of ti. Y. f
Of Fa» Plerte. ~-IC ~ '
Fort. D~a~ce, Fto;~iis' . ~ ~ ,4ND . - ' - ` '
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