HomeMy WebLinkAbout1599 3. To place and conNnuou~ly keep on the buildinga now or hereafter fituete on seid I~nd and on ~II equipm~nt ~nd p~nond~y cowr~d by thif nwrt¢
ag~, with aN premium~ rhe~eon pa~d in full, fire ins~rance in the usual ~tandard policy form, in • svm epprov~d by the MORTGAGEE, ~~d windstorm
tn~~ro~te i~ the uiual •tandard pol~cy form, in • sum epprovad by the MORTGAGEE, in fuch comp~n~ or tompani~s u the MORTGAGEE msy
di~ett; ~~d •II fire and w~ndstorm insurance poGcies on any of saie~ buildfnqs, any intere~t therrin or part thereof, in Ihe aggrcqara wm afonsaid a
In ~xcesi thersof, ~hal! tontain the usual standard morrgsgee tlavee or suth orher clsuse ss the Morigagee may reqvir~, making fhe Iou unde? s+id po~i~
cie~, esch end every, payabie to said MORTGAGEE as its interest may appear, and each and every wch po~ICy shall be promptly aae:g~cd and d~livered to
•ny held by Nid MORTGAGEE a~ further zet~rity to said rr~ortgage debt, and, not leu than tan (10) days in advante of the expiration of each polity, to d~-
livar to uid MORTGAGEE a r~newal thereof, together with a receipt for the prsmium of such renrwal; and there tihall be no fira or wind3torm inturence
placsd on any of said buildings, any interest therein or part thereof, unless in the form and wilh the loss payable as aforesaid; and in the event any tum
of money btcome~ payable under wch policy or poGcirs said MORTGAGEE shall have rhe option to receive and apply the seme on atcount of tha indebted-
neu setured heroby ot to permit said MORTGAGORS to reteive nnd uae ii or any part thereof for oth~r p~rposes, witho~t th~rebr waivi~~g or i~npair-
inq any eqv~ty, liee w riqhr under or by virtw of thia mortgage; and in the event said lIAORTGAGORS shall for any reason fail to keep the said premisef so
infured, or f~il io defiver promptly any of said policies of insura~~te to said MORTGAGEE, or fail promptly to pay fully any premium therefor o~ in a~y
ntpect fail to perfarm, discharge, ezecute, effect, comp~ete, comply with end abide by this tovenant, or eny part hereof, ~aid MORTGAGEE may p~sce a«d
p~y fw iuch inwrance or any part thereof without wsiving or affectinfl any option, lisn, equity, or riyht under a 6y virtue of this Mortgaqe, and the
full smcwM of eath and every s~ch payment ahall be immediately due and payable and ahall be~r i~Iere~t frorri the date the~eof until paid at the rate ol
nine per centum per annum and together with such inrerest shali be sacured by the lien of thii morigoge.
4. To parmit, commit a suffer no waste, impoi:ment or deteriorotion of said property or any pari thereof.
5. To pey all end singuler the costs, charges and expenses, including a reesonable attorney's fee and cost• of ahstractt of title, incurred or peid et
eny time by said MORTGAGEE, because or in the event of the failure on the part ~f the said MORTGAGOR to d~ly, promptly and fully perform, t7~scharge,
earcvte, effect, complete, comply w~th and eb:de by each and every the stip~lanons, agreemenis, cond~tiona, and rove~anta of said promisso~y note and this
mortgaye any or either, and said costs, charges and expenses, each and every, •hall be immedietzly due and payeble; whether or not there be notice da
mand, attempt to collect or suit pend~ng; and the fvll amount of each and every such payment shalt bear interest from the date thereof until paid at thr
rote of nine per cenrum per an„um; and all said cosis, charges and expenses incwred or paid, ~ogPther w~th such interost, ~hal1 be aecured by the Iien of th~~
mo: tg~ge.
8. That (e) in the event oi any breach of this Mortgage or default on the part of the MOkTGAGOR, or (b) in the event any of said •ums of money
herein referrtd to be not promptly and fully paid within thirty f30) days next arter the Samp severa~ly become due and payable, without demand or notice,
or (c) in the event each and every the stip~lations, agreements, cond~tions and covenants of sa~d prom;ssory note artd th~s mortgage any or either ere not
~vly, promptly and fully perforrned, d~scharged, e,cec~red, effected, completed, compl~ed wifh and abided tiy, then in either or any euch event the ~eid eg-
oregata sum mentioned in said promissory note then remaining unpaid, with interest accrued, and ail moneys secured hereby, shall become due and pay
abls forthwith, or thereafter, at the option of said MORTGAGEE, as fuliy and completefy as if all of the said sums of money were originally stip~tated
to be pnid on such day, anything in sa~d promissory note or in this Mortgage to the contrary notwithstandinfl; and thereupon or thereafter at thdpption of
feid MORTGAGEE, without notica or demend, suit at law or in equity, therefore or thereafter begun, may be prosecuted as if all moneya secured hereby
hed matured pnor to ita institution.
7. That in the event that at the be9inn~ng of or at any time pending any su~t upon this Mortgage, or to foreclose it, or to reform it, o~ to enfores
payment of any claims hereunder, said MORTGAGEE shali apply to the C.:urt havir,g jurisd:ction ihereof far the sppo~ntment of a Receivtr, •uth Co~rt shall
forthwith appoint a receiver of saifJ mortgaged property aIl and singular, includ~ng all and singular the incoms, profits, issves and re~enues from whatever
source derived, each end every of which, it 5eing expressly understood, is hereby mortgaged as if spetificelly ~et forth and destribed in tha granting and
habendum cla~ses hereof, and such Receiver shafl have all the broad and zffect~ve funct~ons and powera in m~ywise entrveted by a Court tp a Receivsr, and
wch appointn~ent shall be made by such Court es an admitted eq~ity and a matter of ebsolute rigM to said MORTGAGEE, snd without reference to ths
adequaty or inadeq~acy of the value of the property mortgaged or to the so.vertcy or insolvency of sa~d MORTGAGOR or the defendants, and thal s~ch
rents, proiits, income, issues and revenues shali be applied by s~ch Receiver according to the lien or equity of taid MOitiGAt;EE and the prectice of such
Court.
8. To duly, promptly and fully perform, discharge, exec~te, effect, complete, comply with and abide by each and every the sSipulations, agreementt,
conditions and covenants in sa~d promissory note and th~s rnortgage set forth.
9. That in the event the o•.vnership of the mortgaged premises, or any part thereof, becomes vested in a person other than the MORTGAGOR, the
MORTGAG~E, its successors er,d assigns, may, without notica to the I~ORTGAOR, deal with such succesio~ o~ wccas~or in interext with reference to thie
mortgage and ihe debt hereby secured in the same manner as with Mortgagor wlthout in any way viriating or d~scharging the Mortgagori liability here-
under or upon the de6t hereby secured. No sala of the Fremises hereby mertgaged and no forbeerante on the part of the MORiGAGEE or its successors
or essig~s and no extension of the time far the payment of the debt hereby secured given by rhe MORiGAGEE or its ?uccecaon or aasigns, shall operate
to f6IE6fl~ distharge, modify thange or affect the original liabil:ry of the MORTGAGOR herein, either in whole or in p~rt.
10. It is ipec~fically agreed that time is of the essence of this contract and ~hat no weiver of any ob~igation he~eunde~ or of the obligation se-
cured hereby shell at any time thereafter be held to be a waiver of the terms hereof or of the instrument secured herby_
11. In add~tion to the forego'rg monthly payments of princ'pa! and interesf required by the prom~ssory no!e securev' hereby, mortgagor cpvananU
and egraes ro pay !o mortgagee with each monthiy payrnent an add~rionai sum e~timated by mortgagee to be equal to 1/12 of the annua! cost of the follaw~
ing:
A-All reaf prope.ty taxes tevied or assessed agaiost the above described real estate.
B-Premiums on fire and windstorm insurar.ce as nere~n req~~red to be ca.ried on the ~mprovement• situate on the above d~scribed p~emites.
C-Premiums on such mortgage guaranty ir.s~ra~;c~ as mortgag~e shall frcm r;me ro ti~r,e deem fit to carry on the loan secured hereby.
MortSagee shall from rime to time notify mertgac~or in v:rit~ng of the am.ount d~~e and payabfe hereunder and such sum shall thereupon bt due and
payable on the due date oi the next month;y paymer:t and each successive month thereafter uctil mottg3gee thall notify mertgagcr Qf a change in sucF
amount. Such sums shall be aoplied by mortgagee toward the payment of real property taxes, insurance prem:ums, and mortgage guaranty insurance
premiums.
IN WITNESS WHER@OF, the said MORTGAGOR has hereunto set his har:d and seal the day and s1~ firit aforesaid.
ipned, Sa ed and ~~ed ~n the presence of: ~q~ ~
(Seel)
~ ~ _ (Sesl)
(Sea I)
- - (Seal)
STATE OF FL4RIDA ~
cour,noF St. Lucie y S'"
Before me personally appeared ~Y L. B$~~,8y end
Carol.~n A. BB.j.~.Q~Y hia wife, to me well known and known to me to be
the individvals described in and v.•ho exec~~ted the foregoing instrument, and atknowledged before me that they exet~ted the same for the purpoaes
Phcrein expresaed. And the ~a~d Carolyn A. BA~Z~Y
wife of the aaid ~i O d'~ L. B Q i 1 e~ - - upon a separate end private
exnmination by me taken separate and apart from her said husband, atknowledged to end before me that she executed said instrument fireely and volun-
tarily snd withoui any compvlsion, conssraint, apprehension, gr fear of ar from her aaid husband.
~ WITNE55 my hand and official sea! thls n,~~~ day of A. 0. 19_~_
Notary lic in end for ihe tat of Florida at larye
. ' ~ , ~ ; , My t mission expires: ~ `~j
v /
~ Rstwri To:
' y.:f i.
Firtt Pedefaf.Sawags ~ Laan Associaticn ~ ~r0!ary p~~':~,
- Of Forr P;erce. I~J~ ' A REC~RO~fl ~~r„~rd~~rn''suntE,F~~~~~~6 jLar~e
= f~-~~x~~Fio.~a~ ~SOK ~rn,ner,ca; Sur,~~y '
- ° ' . ' - ~~IDOr.~l~ ; ~ , fi9,,!a~ W.,
- , - ~6S OCT 25 PM 3 : ~ ~ - ~
0 9 .
' 13~'~4~ _ _ ~
. . ~ RJG~F: rCi ; r;~S. CLERK ~ ~ ' ' ~
ST. LUCiE COUNTY, .
FLORI9A . . .
BOOK1~ ~ • •
s 4QO