HomeMy WebLinkAbout0806 To pl~ ~e+d comirwov~ly kNp on tho buitdi~gs ncw or l+~r~affer ~itu~ts on said land ynd an all rq~ipn~w/ a~d p~rwewliy w~v~rrd bY
•p~, with ~11 pnmivrtN tMr~on p~id i~ fvll, fire insu~ance in the usuai standard policy fiorm, b ~ tw~ app~owd bY 1M MOKYGAGEE. ~nd winds~m
{nwr~nc~ in tfie uswl ~t~nd~rd policy form, in s svm approv~d by th~ MORTGAGfE, i„ such Cornpa~Y ~t oo~^P~^~ 1M~RTGA4'~EE m~y
diMett and ~II fir~ and wind~totm irrwr~nce polit~ea on any of ta'ud buildieys,'sny inhr~sl th~r~in or pwt thM~of. in tM +ppraq~~~ sw^ a
In ~aa tMr~of, sfiall cont~in tM uswl itar~dud mortgagee clausa a?vch o?!»r clwu a Nw Morty+pN n+~Y r~quie+. ~ti^p tM bst w~+M~ N~d P~~'
tip. ~aeh and ~vNy. p~YabN ro~id MORTGAGEE as ~ts ineerest may ~ppea~, and each a~d wrry tvcA poliey sMll b~ proTptly a~s~prnd aed ddiwr'~d b
~y MJd by aid MORTGAS'sEE u fortMr ~tevriry ro said mort~age debt, and, not Iru than t~n (10) d~yt in ~dvant~ of 1M ~apiratian of ~ach polity, to dr
liwr to s~1d MORtGAGEE • r~wal thar~F, topetMr wiih a receipt fa the premium of suth rMtwal; end thsr~ tIN11 b~ no fir~ a windtfwm Mrvru~cr
plac~d on ~ny of uid lwildinqs, ~ny i~tereft thsre~n or part thermof, unless in the form and with tM lost p~yabM if i~W'fl~i{~J ~r?d in tM ~w~M ~ny f~m
of mor?~y b~con+w p~yablt und~r such policy or po~icies s~id MORTGAGEE shall hava rh~r option ro recNv+ ~nd ~pp1Y tM wrn~ on accoum oF tM Imi~bred~
n~u t~tur~d h~reby or to p~*mit sa~d MORTGAGORS to rrce;ve a~d u~e it oa any part Ihereof for other purposes, without the+eb~ waivtn9 a impak-
inp any puify, li~n or ryht w+ds~ a by virtw of this mortgaqe; and in the event ~a1d MORTGAGORS sMll fer ~ny t~awn fail to kNp th~ s~id p?~rnitN so
ins~.ed, a i~ll 1o dsliwr promptly ~r+y of sa:d pot~cies of insurorxe ro said MdRTGAGEE, or fail promptly to pay fulfy any pr~mivm tl+K~fot a in any
n~ct fail to p~rtwm, di~cMr~, •xecut~, effect, complete, c~,~nply with snd abid+ by this toven+nt, or any p~rt Mnof, atd MORTGAGEE rrNy platt +nd
p~Y for tuch inawtntr o~ any Ra~t tl+Kwf withouf w+iving c,~ affectlny any option, lirn. ~qvity, or ri9ht undat w by Mirtw of thi~ Morfqap~. i~d 1M
full ~mount oi ~ach a~d ~wry wch paymaM shsil be immedi~tely dw ~nd peyable and ~hatl btar inttn~t from tIN dat~ tMrwf onti! pak! at tM rat~ 01
nin~r p~r ceot~m per annum and toqether with auch interest shal~ be ~etvred by ths lifn of thi~ mortyags.
4. To permit, oommif ur iuff~r no was4~, lmpairment w deterioratio~ of said prop~rty or any paN therwf.
5. To pay all a~d aSnqul~r the coat~, chargst snd expenses, ~nclvd~ng a ressonebl• ~ttomey's faa and cost~ of abttr~tit of tltl~, IMUK~ w p+id ~t
sny time by sa~d MORTGAGEE, bacause w in the event of the fa~lvre on the part of ?hs said M~RTGl~GOR to duly, promPdY +^d fu~~Y PKform, d~~chary~
sxecuts, effett, tomplete, tomply with and ~b;da by each and every the stipulations, agreemenri, tonditions, ~nd tovM~~» of s~id promi~rory not~ and thi~
mortpays •ny or siths~, ~nd a~d cosb, ch~rqss and ezpe~ses, each and every, sh~ll b~ immediataly dus ~nd payable; wMthsr or not tha~ b~ notiu d~
mand, ettempt to mll~ct or ~uit pending; and the fuil amount af each and every svch payment sha11 bear int~ratt from tht dah tMrwf until p~id at th~
rote oi nine p~rr centum per ennum; and ell said costs, charges and expenaes incurred w paid, togethar with avch In»nd, tMll b~ t~tur~d by tM HM of tha
rtwrty+p~.
6. That in tke ev~+t of any breach of ~his Mortgage or default o~ the part of the MOR7GAGOR, or (b? in the ~wnt ~~y of aid surt+~ of morNy
hcrein referr~d to be not promptly end fv~ly paid within thirty ±30) days next after the same sevually becort?~ dw a~d payabl~, without d~mand or notic~,
or (c) in the event e~ch ~nd every the stipuletians, agreements, conditions and covensnt~ of fa~d promiswry not~ and this martpp~ ~ny or ~Itl+~r ar~ not
~uly, promptly ~nd fully p~rfwmed, discharged, executed, effetted, completed, tomplied with snd •bided by, tMn in ~itMr o? ~~y ~uth ~wnt tM Nid p~
yregsts tum mentioned in said promissory 'note then remaining unpaid, with interest actrued, s~d all moMy~ Ntund. Mr~by, sh~ll b~tortM dw ~~d p~y~
~bl• torthwith, or th~resftet, at tha nption of sai~ MORTGAGEc, as fu11~ and tompletely a• if sll of the said svma of money w•n aiyin~tly ~tipul~t~d
fo paid on s~ch day, anytfiiny in said promisxory note o~ in thls Mortgage to the conlrary rotwithstandinq; ~nd fMre~pw+ ~x fherNh~r ~t tM option of .
said MORTGAGEE, without notit~ or demand, suit et law or in equity, therefore or thereafttr bequn, n+~r bs proMtul~d as if a!I money~ lKUr11d hsr~by
hed matvred priOt fo iri inslituti4rf.
7. Th~t in tfie event tfiat at the beginning of or at anv time pending any tuit vpon this Mort~ay~, a ta fot'~c1oN k, or to rtfOrm It, ot to ~nfore~
pay!»ant of any tliims Mrtunder, said MORiGAGEE ahal! apply to the Court having jurisdictio~ thereof for tht appointmMi Of a R~t~ivtr, tuth COUrf 1h~11
forthwith sppoint • rsceivsr of aai mortgaged property all and singuler, includ~ng ail and singul»r the ineon~, ptofitf, {uw~ ~r+d f~YMVtf 4rom what~v~r
wurte dsrived, each ~nd tvery o~which, it be:ng express~y undersrood, is hereby mortgaged as if tpetificsily ~et forth and dewib~d in thi pr~ntinp a~d
habendum clauses hereof, and suth Receiver shall have all the broad and effective funct~ons and powera in anywis~ enfruited by ~ Court t¢ • R~C~iver, and
such appointment ahall be msde by such Co~rt as an admitted equity and a metrer ot ebsolute right to uid MORTGAGEE, ~nd witho~t nf~r~nca fo th~
adeq~aty or inadequacy of fhe vatue of the property mortgaged or to the soiventy o~ insol~ency of ~~id MORTGAGdR or fM defend~nts, and th~f ~ueh
rents, profiri, income, iuues snd revenues shall be applied by such Receiver accordinfl to the lien a+quity of Mid MORTGAGEE and ih~ pr~et~c~ of ~uch -
Coun.
8. To duly, promptly and fully perform, dischargr, execute, effect, comp~nte, comply with and abida by tach ~nd ~v~?y the stipulatiorts, ~yr++m+nn,
conditions and covena~ts in said promissory note and tnis mortgage set forth. '
9. Thet in the event the ownership of the mortgaged premises, or any pert thereof, becomes vest~d in • p~non other ihan fM MORTGAGOR, tM
MORTGAGEE, in successors and assigns, may, wirhout notice to the MORTGAOR, deal with suth tuc~et~or a wcNSSOr in inter~it with r~fer~nce to ihf~
mortgage and the debt he~eby secured in the sart±e manner as wiih Mortgagor without in a~y wey vitietinp or diKh~~yinp tM Monqe~br~' li~bility fitrr
under or upon the debt hereby secvred. No sa!e of the premises hereby mortgaged and no forbeersnee oh th~ part of iM MORTGAGEE Or fif tvcssuor~
or aasigr~ and no eztension of the time for ihe payment of th~ debt hereby secured given by the MORTGAGEE or its tuce~uor~ or ~uiynt, iha11 op~rat~
to release, discherye, modify change or affeet the orig~nal liao~l~ty of the MORTGAGOR Ferein, either in whole or in put.
~ 10. It i~ specitically agreed that time is of the essence of this contract nnd that no waiv~r of ~ny obliyation h~r~under or of fh~ obliqation s~-
cured htreby shsll at any time thereafter be held to be a waiver ef the terma hereof w of fhe initrumant tetur~d FN~by.
11. In add~tion to the forego:ng monthly paym_nts of princ'pal and int^rest required by the promiswry note secured hereby, monqapor tov~nant~
and egreea to pay to mortga9ee with each monthly payrnent an add~rional sum exiimated by mortgaqee to ba equal to 1/12 of tha ann~~l Co~t Of the follow-
ing:
A-All real property taxes levied or assessed ag>i•ist the above described real pstate.
B-Premiurrs on fire and windstorm insuracce as nere~n requ~red to be carried on the improvement~ situets on the abovs described pr+mi~K.
C-Premiums on such mortgage guaranty ir.sure~.ce as mortgagee snalt from time to time deem fit to urry on the loan aecursd hsreby.
Mortgagee shali from time to tima notify mortgagor ~n writ~ng of the amount due and payable hereu~der and ~uth sum shall thenupon b~ du• snd
payabie on the due date of ehe next monthly payrnert ar.d eoch s~ccessive month thereafter unril mortgagee ~hall notify mortgagor of a chartg~ in wch
amount. Such sums shall ba applied by mcrtgagee roward the pa,ment of re~l property taxes, insurance prem;ums, and mortgape puannty imuronce
premiums.
IN WI7NE55 WHEREOf, the said MORTGAGOR has here~nto set his hand and seal the day and ye firs! aforet~id.
iyned, Se end ered in the preser,ce of: .
~~h
' (Ssd)
~;r (S~d)
(5ea1)
57ATE OF fLQRIDA
55
cour~rr oF Ssint Lucie ~ .
Before me penor.ally appeared • M~81° 8 and
Ev~,y`n G• M~@2' S his wife, to me well knawn end krwwn to me to k»
the individuais deuribed in ancl who sxetuted the forrgoi:~g instrument, and acknowledged before me that they exetuted the ~ame fot the purposes
rhere~n ex~esied. And the .a~a- E~rel~ G. Myera
wife of the said L,. F ~ A r~l ~ upon a ieparrte snd privat~
examination by me taken teparote and epart from her said huaband, atknowledged to and before me ihat ~he executed said instrument fteely and volurr
terily snd without any comp~lsion, constraint, apprehe~si~or fear of or from Fxr uid husband.
4YSTNESS my hand and officiel seal this L day of Au at A. D. 196~
``~.,ti~i:i~:::.. -
Notary P~bl' in and for the Sfate of Fbrida ~t I.~rpe
• ~r Cw^m~ •xpirru
` ~ .
. ( .
' rt.ru.R ta„ •,r~ ; NOtary Pub(ic, Staie of F1orIQe at Carge
finf ~d~}~I J~ Lditp ~ ~ciation
~ My Gommiss:on txpires Aug. 6, 1967
Fon ~~le ~ Bondod By Am~rican Sursty Co. pf N. y.
; fort }"}!1!~!^ Flortds , . ~
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S7, LUCiE C~JtSTY. :
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Ft~ORI~A ~ . . . ~ ~ y
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