HomeMy WebLinkAbout1342 Te pbc~ a~d cemi~nioualy ks~p on tM buildinp~ now w INrNftO? iifU~f~ on said land and on all squipn+~nR ~nd pMOn~lly cowr~d by N~ n+orR
p~, with ~il pr~miwm tMnon p~~d in fuli, fin iro~ranc• in ti?s ~swl aundard policy fo.m, in ~ w~+ app+owd bY eM MORTGAGEE, +^d windatwm
N~wae~o~ k? tM v~w! ~~andad policy tw~vy M• ~um +pp~ov~d by the MORtGAGEE, in ~uch cornp+ny or canp~nib aa th~ MCRTGAtiEf e++Y
~~t ~d ap fir~ ~nd wir+d~torm ihwranp polici~s an ~ny of ssid kwild+r+ps. ~?y inft?ru tMr~in ur WKt ~Mnaf, N? tlw py~p~f~ wm a4a~wid or
In ~eo~ IMr~bf. ~MII [ontiw~ tMy vsu~l at~nda?d mortgsq~e tl~we w wch otha daus~ ~s tM Mwt9~ ^++Y'rWui~s. matiny ~M loa una1M said poli~
ciea, Nth ~nd wxy. WYabl~ b safd MORTGAGEE a~ ifs imerest vn~y app~a~, aex! «ch a~d ~very tuch policy fhill b~ proenptly as:qned and dtliver~d ro
. a~r hNd by wk! MORTGAGEE a fwtl~ Ncwity ro wid mortgsp~ d~bt. +nd. rw+ teu than t~n (10) d~ys in advanc~ of tM •xpiration of ~ach policY. ?c d+-
. IitiN 1e wid MvRiGJ1GfE ~ r~rawal th~of. top~rhu wifh a nc~ipt for tM prar?ium of wch ranrwal; and ti»r~ ~hall b~e no fir~ or windytam inwranc~
pl~cyd on any of s~id bv+~nq~, ~ny int~r~s1 1Mr~ie+ or p~rt thtrrof, ~nlesa in the form and with the tou p~ysbl~ a~ aforhaid; and in ths ~v~t arty wm
of mor»y b~c~~ p~yabh urdK suth pollcy w policles taid MdRTGAGEE ihali haw tfi~ option ro racYive and apply tM sarek on +ccouM of tha ind~bred~
nat a~ax~d hK~by a~ eo permit Nid MORTGAGORS ro no~~ve +nd uae h or any part therrof fw other purpose~, without th~reb~ waivi~~g or impair-
Mq any puif~r, liw~ a right u+w~r or by virtw af this m~wt9ap+r; +nd in tM rwr+t ~aid MORTGAGURS shall fa any r~ason fail.to ke~p the a~d pram~ses w
inw~~d, w fcl) b d~livu ptanptly any of said policiss of inw?~nt~ b ~aid MORtCaAGEE, w f~il promptly to pay f~lly any pramium therefw or in any
rMp~ct f~il b pafo~m, d'acharp~, u~cvt~, ~fftct, comp~~f~, cort+ply with and abidt by this oown~n4 0? +~+Y W+t hN~of, said MORTGAGEE may p~ue a~d
paY fa tud~ Maurener a~ny part th~not witlwut w~ivinq a~ afhttirg u~y opfiat, li~n, ~qu~ty, o~ riyht und~' w by viAw of thit Mat~apt. ~r~d ths
ful{ ~mouM af wtA aed ~wry wth paymant shall b~ irm~adi~t~ly dw md p~yabl~ and ~1+~11 b~au inter~et from tia dat~ tM~eof until paid at tFw ut~ ot
ni?~ pK pnwm pw anewm ~nd toyether with such inte?est ~M~I ba sscvrtd by tM 1'wn of thi~ mwt9eq~.
1. To pKmi~, aommit or wffa no wast~, impairment a deterioration of said proparty or +ny p~H thertof.
S. To p~y ~II and slnpular ~ha cwh, thuqes and expenses, includlnq a ~sasonabls attornry i Fee ar~d ws» of ~bst?acn oi title, incvned w pa~d ~t
sny time 6y wid MORTGAGEE, b~cavse w in th~ ewnt nf the fsiluro on ?he ps~t of tM said MORYGAGOR to dvly, prompNy snd fully p~rfwm, diach~rq~,
ucet~ta, ~ff~ct, campl~t~, tomply with en~! ~bide by ~ach ~~d wery the ~tipul~tions, p~eements, conditio~s, and tovenants of said promiswry note •nd this
mwt9ap~ any ot ~itMt, and aaid cofts, tha~yM sr~d expe~ses, each and svery, shall be immediatsly due and payabl~; whether or not thert b~ notic~ de~
mand, att~mpt ro tollect or tuit p~nding; and the fuit amount o! each snd evary such payment shsll bear interast from tM data thareof until paid at the
rrte oi nin~ par ce~tum pcr annum; •nd all said carts, charges anc ezpe~srt int~rrad w paid, tcgether with such int~rpt, shaU br ya~tvr~d by 1M lia+ of tha
~W~
6. Th~t (a} in tM event of any br~ach o4 thu Mortya9~ w dafault on the part of the MORTGAGOR, or (b) in tha want any of asi~ surry of mon~y
h~ni~ ref~??ed to b~ not promptly and fully paid within thirty (30) days next afte~ the same severally b~coma due and payable, without demand or notite,
or (c) M tM ~wnt esch ~nd evsry the itipulatiw~a, aqreemen», conditians snd tovenanri of said promiuory note ~rtt! this mortgege any or sither are nol
~vly, promptly a~ fully performed, diuharged, executed, effected, comp?eted, complied with and ibided by, tMn in eifMr or ~ny ~uch ewM 1hs s~id +g
proyah wm mentioned in taid promiuory note then rrmaininy unpeid, with int~rest accrued, and all moneys sacvred hersby, ~hall betome dw ~nd pay-
abl~ fo?thwith, or thereaft~r, at the option of uid MORTGAGEE, ei fully and complelely es it all of the uid sunr of money wen aipin~lly stipulated
ro bs psid tsn ~uch day, anythinq in said promiuwy note or in this Mortgage to the contrary notwithstsndiny; and tharoupon or thereah~r •t the option of
Nid NtORTGAGEE, without notica or demand, suit et law o~ in equity, therefore ot thereafter begun, may be prwecuted a if all maneys txured 1?anby
had n»turad prior to its ins?itut+orf.
7. TF+~t in tiM evenf iP~at st the beginni~ of or at any time pending any suit upon thia Mortgaye, or to fa~clow it, or to rtform it, or to enforu
payment of any claims herwndar, said MORTGAGEE ~hall epply to tha Court having jurisd~ctio~ therwf fw the ~ppointmeM of s Rsceiver, wch Coun thal{
ForthwiM ~ppoint a reteiv~r of taiyi mortqsged property all and singular, includmg' atl and sinqutar the income, profitf, issua~ and nvenuas from whsttwr
wurt~ derived, eath and every of which, it beiny expressly understood, is hereby mortgaged as if specifically set forth and destnbed i~ th~ yr~ntinp snd
Mbendum ttsu~ he?eof, and such Reteiver shali have all the broad and effective functions and powers in anywita entrusted by a Court t9 • Reteiv~r, and
wch appointm~nl ahall br made by such Court es en admitted equiry and a matttr of abaolute right to ~aid IIRORTGAGEE, and without refererict to the
~d~quacy w inad~quacy of the value of the property mortgagcd or to the sowency or insolvency of said MORTGAGOR w the defendants, a~d that auch
renri, profits, incane, iuuas and revenue~ shall be applied by such Receiver acwrding to the lien or equity of uid MORTGAGEE and ths practiu of tuch
Cwut.
8. To duly, promptfy and fully perform, diuharge, execute, effect, mmplate, comply with and abide by each snd every the stipulations, agreaments,
conditions and cove~ants in said prom)ssory note and this mongage set forrh.
9. That in the event the ownenhip of the mortgaged premises, or any part thereof, become~ vested in a porwn other than tF+~ MORTGAGOR, the
MORtGAGEE, i» succeuori ~nd esxiqns, may, without notics to the MORTGAQR, deal witfi wch sutctssor or Wtcessor in interest with refer~nce to thi~
mortype and the debt he~eby securcd in tha same manner as with Moltgagor withaut in any way vitietiny w discher9inp the Mortqa9ors' liability Mrt
under w upon rhe debt hereby secured. No sale of the premisea hereby mortgaged end no forbeerance on the part of the MdRTGAGEE or it~ succeseor~
or auignt and no extension of the time for the payment of the debt he+eby secured y~ven by the MORTGAGEE or ita successon or sssigns, zhali oper+t!
ro rNeaie, diuharqs, modify change or affect the oriainal liability of the MORSGAGOR herein, either in whole or in part.
10. It is specifitally agreed thet time is of tha essence of this contract and that no wsiver of any obligation her~under or of ihe oblipatiOn se-
cured hereby shali at any time thereafter be held ta be a waiver of the terms hereof or of the instrument secured t?~rby.
11. In addition to the farego:ng monthly paymants of princ'pal and interest required by the promissory nore sccured hereby, ma:tgegor cov~nents
snd aqraes to pey to mortgagee with each monthly payrnent an addiriona! sum estimated by mortgagee to be equal to 1 j~12 of the annual coat of the follow-
in9:
A-All real property taxes levied or assess~d against the above descr+bed real estate.
B-Premiums on fire and windsrorm insurance as herein requ~rrd to be carried on the improvement~ situate on the ebove described premises.
C--Premiums on such mortgage quaranty insurance as ma+tgagee shall from t~R~e to time deem fit to carry on the loan secured hereby.
Mortgagee shall from time to time notify mortgagor in writing of the amount due and payable hereunder snd such tum sha~l thereupon be due and
payab~a on the due date of the ~ext monthly payment and each successive month thereafter ur~til mortgagee shall notify mortgagor of a change in such
~mount. Such sums shali be app~ied by mortgagee toward the payment of real praperty taxes, insurance prem~ums, and mortgage guar~nty inaurante
premiumt.
IN W1TNE55 WFtEREOF, the uid MORTGAGOR has hereunto set his hand and seal 1he day and year first aforesaid.
Siqr~ed, 5r end 'vered in the presence of:
aq
~ ' (5e~q
_ ls.al)
(Seal)
STA7E OFfLORIDA ~
Sad.nt Lucie
couNrY oF
Bafore me personally appeared Elizabeth H. Allaeier. e xidoW x.~ra~
to me well krwwn and known to me to b~
the individw desvibed in and who executed tho foreyany inatrument, and etknowled9ed before m~ tha execufed tha sarrro for tha purposes
~ theroin ~zpressed. -
~ , , ~ or ear o or rom r sa us . ~C
WITNESS my hand and official seat thit r"'" day of ~ A. D. 19_s~.
otery Public and for ihe State of Florida at Larfle
• ~ ; • My Commisti ~xpires:
':~ketu fi,,io: R ~ ~ 0
Fint Fed~rii`~S~~tings•~t•i~oef ~lssociatio AND RECe K NOtary PubfiC, Stat~ of F7orida at l.arge
•'bf fon P~ert~, i";. ,~"ED ~00 My Ccmm`ss~on Expires Aug: b; 19E7
. • l ~ Pond~d
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'~r'~~~'~!D'~„'~ ~tG~i~tZ i~ ~ ~;:.5. CI..ERK - ~
~ ~ - LUCt"' COUNTY. - .
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