HomeMy WebLinkAbout0488 S. To pl~a ~nd ooMkwouslY kNp on tM buildinps ~ww or MrNftK sitva» on iaid tsnd ~nd on ~11 pvipm~nl ~nd p~r~o~ally eewr~d by this morlp-
ap4 with dl pr~mkxns N»r~on p~id in fuli, firo {nsuranc~ i~ tM usual at~ndard polky form, in a surn approwd by tM MORTGAGEE, and wtndtrorm
frr~nar~ In tM wwl ~u~rd policy form, in a wm approv~d by tM MORTGAGEE, {n ~uch comp~ny or cvmp~niN a~ t!» INORTGAGEE m~y
' dkrrcf7 rnd wU fUnr ~nd wind~inren iesw~na palici~~ an ~ny of s+id buildinps, ~ny inuw~st tF+NSi~ w p~rt fh~+~of, in tM ~pprt9~h wm ~fotrsaid or
h~t sxpp th~rwf. ~Mll ooMain Na uwal st~ndud mwtg~~ee clavs~ er such otMr ctwat es th~ Mo?tq~qe~ may »q~ire, m~kinp tM losf v~d~r uid po1F
dM, wth aed ~~My, p~y~bl~ to ~aid MORTGAGEE ~a iq interest may appMr, and ~ach and every autF policy ~hall b~ promptly ~ss:ynsd ~nd d~liwred te
..nr h.~d by wad ~tc~nC,~E .s f~,~1+e. s.cwihr ro u~d ~wrey+o. d.br, and, not hs~ than ten (i0) dayt fn adv~nce of ths axplr~tion of ~ach polity. ro d~-
hw~ ?o said MfJ~RTt'sAGFE • n~rwal thrrtof, top~fFNr with a r~ceipt kx tM pramium oi xuch rso~wal; snd th~ers shal! b~ no fin or windatorm i~svrance
pl~d On My of qid bulldirps, ~ny intwqt ther~in or part tF~ersof, unleu in the form ~nd with th~ tots pay~ble a~ ~fa~said; and in the ~v~nt any sum
of moe~r b~con~ payabl~ und~ wth polity ot policks said MORTGAGEf shall haw the option to recsiva •nd apply the urrN on +ccarnt of the ind~bte~
r~s Meund h~r~by or to pK~nii wid 11AORTGAGORS ro r~teiw and u~ if w any parf there~f for other purpoaet, without thsreb~ waivinq or lmpair-
fnp M~Y ~quih. I'ern a rlpM wulw or by virtw of tha mon~.q.s n+d i~ t}u ~vent ~aid MORTGAGORS ~hall for ~ny r~ason f~il to keep the said prtmises so
k~wnd, or faU fo deliwr promptly ~ny of ~id politi~s of insvranc~ to s+id MORTCrAGEE, ar fail prompNy to pay fully any premium thsrefa or in any
?esp~ct f~il b p~rfam. dixharqe. ~x~cvt+. ~ffett. tompl~t~, tomply wHh and ~bide by th+~ cov~nant, or any part her~of, said MORTGAGEf may pl~ca •nd
p~Y for wdf N~wranc~ or k?y part theroof witFavt waivinp or sff~ttinp rny option, li~n, puity, ot riqht und~r a by virtw of thls Mcxtqaq~. ~r+d the
fuU amoue~t of ~ad~ ~nd wKy suth paym~e+t ~hrll b+e imrn~diately dw ind p~yabi~ ~nd ~I+alt be+r inhr~at from th~ d~t~ thereoi until paid ~t tM raN o1
nirn ptr antum p~r anewm and tnp~ther whh such intareat t~hall be iacu~ed by tM li~n of thw mortpayo.
4..'fo p~n»If, aommit w wffK no wut~, impairment w det~rior~tion of uid property w any part t1?ereof.
S. To p~y all and slnpular the costa, charge~ and expensea, includiny ~ naaoneble attomey'a fee and costs of abstracts af titl~, incvrred or paid at
•ny tlrrN by ~aid MORTGAGEE, b~t~vw w in th~ avrnt of the failvrs on ths pan of tFN ~eid MORTGAG6R ro duly, promptly and fully perfwm, ditcharq~,
~x~tu». ~fhct, compMt~, comply with and ~bide by ~ach and every the atip~lations, preements, tonditions, •nd covenents of uid promissory nots ~nd thi~
mortpy~ ~~r w titFNr, and Mid tosb, charya ~nd e~cpenx~, eath snd every, shall be immediatoly due and payable; whether or not tnero be rotice d~
rt?~nd, atf~mpt to cotl~tt w wit p~ndinyj and tM tull amount of cach and svery :uch paymem thall beer intarest from the date thsreof until paid ~t the
• rate of nint psr c?antum per an~um; ~~d ell said costs, cher~a: snd expensrs irKUrred a paid, tagether with such int~re~f, shaU bi secured by i1+r li~n af ths~
~b~
4. Tiwt in the ew~t of any Fx~ath of thi~ Mortgp~ or dsfault or~ the part of the MORiGAGOR, or (b) in the ~vsnt any ofi wid s~rtu of money
hN~ln r~ftrt~d to b~ not promptly and fully paid within thirty (30) days next after the same severally betome due ~nd payable, without demand or notice,
er In tM ~wnt ~ach ~nd ~wry tM stip~lations, agreemantt, con~itions snd covenan» of ia~d promissory note and thi• mortgepe any or rither art not
~uly, promptly and fuliy parform~d, dixfierped, executsd, effected, completed, complied with and abided Sy, then in aithar a any ~vch ewnt ths uid aQ~
prepat~ wm m~ntar»d in a~id promiuory nota thcn romaininq unpaid, with inieresl sccruad, and all moneys ~ec~r~d. Mreby, shall become dw and psy~
~bl~ fwfhwith, w fh~reaft~?, •t tM option of said MORTGAGEE, af fully and completely at if a~l of the said sum~ of money were oriqin~lly ttipulated
to b~ p~id on wch day, +nythinq in said pvomiuory note or in this Mortpage to tha contrary no~with~tandinQ; and thereupon or thereafter ~t tha op~ion of
t~id MORTCAGEE, witho~t notice or demand, wit at law or i~ equity, therefore ot thereaf~er begun, may b~ ~rwecut~d as if sll mon~ys iecured heroby
had rtNtuftd priOr to iri Ir»titutiOn. . ,
7. TMt in th~ ~vent tbat at th~ b~qlnn~ng of or at any time p~nding any wit upon thi~ Mortgaqe, or to ?oneelost N, w to rlform it, ot to enforu
paym~nt of ~ny d~imt Mreund~r, Nid MOR7GAGEE •MII apply to the Court having jurisdic~ion theraaf for th~ appointment of a Receiver, ~uch CouN shell
forthwith appoint ~ rtceiv~r of sai~! mortqayed property •11 •nd singuler, includ~ng all and singuler the incom~, profits, iuve~ snd rev~nua from what~v~r
~ourp dtriv~d, aath ~nd tvsry o# which, it being expressly underatood, is hnreby mortgaged as if ~pecifically set forth end dercribsd in the qrantinq and
hab~ndum clause~ henof, ~~d ~uch Reteiver sh~ll havo all the broad and effective funct~ons and powers in anywise entrutted by ~ Court tp s Reteiver, and
tuth sppointm~M shall b~ made by ~uch tourt ss an rdmitted equity and a matter of sbsolute right to aaid MORTGAGEE, ~nd wirhaut rtferenc~ to tF+~
~d~qvaty w Insdpuaty of ths valve of the property mortgaged or to the solvency or insolvency of ~aid MORTGAGOR or the defend~nts, and tfi~t tvth
r~nri, profits, incom~, iu~e~ snd revenutt sha~l be applied by such Receiver according to the lien or ~quity of wid MORTGAGEE snd the practic~ of ~~ch
Covrt. .
8. To duly, promptly and fully p~rform, diuharqa, executc, effect, complete, compfy with and sbide by each end every the ~tipulations, yr„ments,
condltioru ~nd toveni~ts in said promluory note ~nd this mortyage set forth.
9. That in fha ~vent tF~e ownenhip of the mortgeqed premises, or any part thereaf, Excomes vested in a perwn other than the MORTGAGOR, the
MORTGAGEE, in wcceuon and assiflne, may, without notice to the MORTGAOR, deal with such succetsor or rucwswr in i~terest with r~fertnce to thi~
rr~ort~ap~ ~nd iM debt her~by secured in the same manner as with Morigagor without in any wey vit+atiny or diuharging the Mortgagors' li~bi~~ty hsrt
und~r or upon YM debt hersby ~CVred. No aale of the premises hereby mortgaged and no forbearance o~ the pert of the MORTGAGEE o? it~ succetsors
or ~uiqM ant! no extension of the time for the payment of the debt hercby secured given by the MORTGAGEE or its fuctetsor~ or auigni, ih~~l operot•
tp rllease, dittherg~, madify change w effied the original liability of tha AA~RTGAGOR hsrein, aither in whole or in part.
10. It f~ tpecifically ayreed that time is of the essence of this contrsct and thet no waiver of any obliyation Fwreunder or af fhs obliy~fa~ se-
tured Mr~by thall at ~ny tim~ thereaftsr be held to be a waiver of the ttrmt hereof or of the instrument stcured herby.
i 1. In addition to the forego;ng monihly paymems of princ'pal and interest required by the promiswry note secured hereby, martpagor cov~nants
end aqr~t to p~y to mortgegee with each monthly payment an add~rional sum estimated by mortgagee to be eq~al to 1~ 12 of tne annual tost of tha follow-
iny:
A-All re~l proparfy ~axea leviad or assessed against the abovr described real estate.
B-Premiums on fire and wind:torm insurante as herein requ~red ta be carried on ihe improvtme~+s rituate on the ebove deacribed premi~ea.
C-Premiums on such mortgage guarenty insuronce as mortgagee ahall from rime to time deem fit to carry on the loan secured hereby.
Mortpagee •hall from time to time notify mortgagor ~n writing of the amount due and payabie hereunder and such sum shall thereupon be due end
payable on the dve date of the nezt monthly payment end each successive month thereafter unril mortgagee sha~l notify mortgagor of s change in such
•mount. 5uth svms thall be epplied by mortgagee toward the payrnent of rea~ property tazes, insurante premiums, and mortgage gueranty insurence
premivms.
IIV WIYNESS WHEREOf, th~ s~id MORTGAGOR has hereunto set his hand and sPal she day and ysar ' tt fo ai
~~-bi d solyd a dsliwre th~ esence of:
Seal)
C E, enner
.i~
na leen Henner
STATE OF FLORIDA
courvrir oF S~int Lucie ~ ~
Befwe me psnonally appsared - C. . Henner end
Sy lva le en J`~Z111~Y' _ hia wife, to me well known and krrown to n~e to ba
th~ individwls dsscribad in ~nd who execvted the forepoinq instrument, end atknowledged before me that they executed the same for thr purposea
Mxroin .x~~.ea. a~,d r?„ Sqlva leen J. Hanner
wife of the seid ~~~~_8_~I1~I' ~ upon a sepsrate and priv~ts
examination by me tsken separate and apart from her ~aid h band, ecknowledged to and before me that she execv4ed said instrument freely and +olum
qrily and withovt any compulsio~, cor.straint, apprehensior~ fear of or from her said husband.
WITNES5 my Mnd and offkial seal this day of_ A. D. 19~_
, ~ ~
' Notery Public in and fe~ the St~te of Florida at Lar~e
My Commissio~ expire~: Notery Publlc, Stat~ d( Fbflda Rt Ldrge
Retum Ta n
Firtt Fsde:al Sav' s 6 Lom Aasociatian ~~;~R~~ My Comm;ss~on Expires Nov. 3, 1955
~^0 p~o(~K 8onde~ by Amer'scan Surety Co. of N. Y.
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