HomeMy WebLinkAbout2101 And e+id h+~•ryaqo~s ior ii,er~sc:~es ,nd ~6r~r hrlrs, !eyal rrp~esenrat~ves, succeasor~ e.^.d es~~gns, hereby jointly ~nd ~everally coven~m ~nd ~q~ee
!o e~~J ~.~th tre sa~d ~ti"ORT.GAGEE. ~!s wcce;eorS and ass.~ns
1. To pa; a'~~ and s;r,g.~'a• ti:e Ev:nc~pal and ;nte~est aJid ~he vanoua and sund.y svms oi money peyable by virtue of ~a~d promhsory note, •nd thi~
rnorrgagr. each and e.e~y, pw•rNi;~ on the days respeci~vely th~ sarne aeveraliy becume due.
2. To cay all rnd ~,ng~'a~ the taxcs, aesz»ments, le~~es, I~ab~lit~t~, obligations +nd entumbr~nce~ of every narure snd kind now on ~e~d detvibed
pro~erty, ur fhai hrreaftei niey be :rnNOted, svfferod, placed, levied, or asseued ther~on, o~ that heroafter may be lev~ed or aiseued upon thi~ Mort9-
aye, or the indebtNdness s-rc.,r~d hereby, each and e~ery, wnen due and payeblc, according to law, before they become delinquem, ~nd before •ny interott
a~r;:i~es or a~~y p~~f~a,t, s i~.;~r.rci; .~',D INSOFAR AS ANY" TNEREOF t5 Of RfCURO 7HE SAh1E SMAII BE PROMPTLY SAiIS~IEp AYD DISCNARGED OF
RECOkp AtiD TN; CkIG:^,:.t OFfli ~At D`1CU^~1E^dl ~S~:CH AS FOR INSTANCE. iHE TAX RECEIPT OR 1HE SATI~fACTION PApER OfFICIAILY ENDORSED
OR CER'~fIEG; SHAII BE PLA~tD IN ?i+E HA";DS OF SAIp h1;>RTGAGEE WITHIN T[N DAYS NEXT AFiER PAYMENT, and in the event that eny thereof i• not
pa~d sar s~ ed and d,scf:sr.3rd sr d:1l`R)GAGEE n:ay at any t;~„e pay the iame or any part thereof witho~t waivi~g or affecting any option, lien, equ~ty or
~+~h~ u:,der or hy •.~n~,;c of ii,,s ~.o-i.~.,:~<~ +~~.d ~nr fuil an~ount of eath and every suth paymem shall bm immediateiy d~t and payable and ~hall bear inlere~~
4~on: v,~. da~a ri,ereof ~nr~; pa d„ r.;fr cf et9hr per c~mum c,ei ann~m and rogether w~rh i~ch ;nreresr •hail be secured by the lien of th s mo~gtage.
3. To pi~c~ •nd continuowty keap on the buildinqs naw or her~aft~r ~itu~fe on uid land rnd on ~II equipment end psrwnilly cO~ered by this mong-
~p~, with all pr~miuma thereon pa~d in full, firo in~urence in the u~uel stendard poiicy form, in e:um epprovcd by fhe MORTGAGEE, end windstorm
Inwr~nes in th~ usuel ~tendard poLcy form, in s wm spproved by th~ MORTGAGEE, in wch tompeny or wmpanie~ u th~ AIORTGAGEE msy
d+'~ecf; •nd sll fire and windstcrm insurance poliues on sny of said build~nqs, •ny interest therein ar psrt thereof, in th~ ~ygreflste wm afort~sid or
in •xceu thereof, ~haU contai~ ihe ~~ual s!~ndard mu~tgegee cieu~e oi such other tlause a~ the Mort~~ge~ m~y roquiro, m~kinp the lan under said poli-
ciat, esch ~r,d every, peyab!e to seid MORTG~GGEE es imereit may eppeer, end each snd every s~th policy fhall be promptly ~i~.gned end delivered to
•ny hald by ~eld MORTGAGE~ a~ further ~ecurity to sald mor~gage debt, end, not lesa fhan ten (10) day~ in advante of U~e expir~tion o! eech policy, ro de-
liver to seid MORiGAGEE a renewal the~eof, together with a rectipt for rhe promium of sucii renewel; and ~hare shell be no fire er windstcrm in~urence
pieced o~ eny of •aid bui!dinqs, any inreiest there~n or pert thereof, unt~ss in the fo~m end w~th rhe Ioss payable e• aforetaid; end in the r.vent eny ivm
of money becomes payeble ~nder euch poficy or ~ofc~es said MORTGAGEE shall have the option te receive and apply the •ame on eccounr pf the indebted-
nesa secv~rd hmeby or fo perm~t ~aid MORiGAGORS to receive and use it ar any paif ihereuf for other putposes, withovt ihereby waioi~~g or unpa~r-
Ing any equ~ty, lien cr right under or by vin~e of thf~ morrgage; end in the evem •e~d MORTGAGCRS shaH for any reeson feil to keep the said premixs so
ineured, or faii to defivzi promptly eny af aaid po!iciei of inevrance to iard MORTGAGEE, or fail promptly to pay fuify eny premium therefor or in eny
reapett fail to perform, d~uharge, execute, effe:t, complete, comply with and ebidr by this covenant, or any part hereof, said MORTGAGEE mey place and
pay for such Insurance or a~y part fhereof w~rhout waiving or affecting any bption, lien, equity, or righf ~nder or bY ~~rtue of this Mongage, •nd the
full amo~nt of eech and every y~ch paymem sha!t be immediateiy duc and peyable end shall bear intercit from the dete thereof unti! pa~d at rhe rate ot
nina per cmt~m per enn~m and together wirh s~~ch interes~ shail be secvrod by the lien of ehis mo!tgege.
4. To permit, commit or sutftr n~ waste, impa~rment or dsterioration of seid p!operty or any part ihereof.
5. To pay aIi end •inguler the coats, cherges and expenses, ind~ding e ree:onabte attomey's fee end costa of abstrncts of tiNe, inc~rred or peid af
any time by iaid MORTGAGEE, becavse or in the event of the failure on the Fart of the said MQRTGAGOR to d~ly, promptly and f~iiy perform, diicherge,
•xecute, effed, tomplete, compfy w~th and a6:de by each end every the stipulationi, agreement~, cond~tions, and covenanis of •eid promissory note and thr~
mo~tgege any or ei~her, and se,d sos~s, charges end expenses, each and every, fhall be immediateiy due and payab!e; whether or not there be notice de~
mend, ettemut to co:iert or suit pend~n~; and the full amount of each and every iuth payment she~l bear ir.~erest from the date thereof until paid at thr
rare of n~ne aer cenrvrt~ eer annu•~; and a~ sa:d custs, char?e~ and expensas incuned ot peid, togethtr wlth wch intereet, shali be iewrrd by ihe lien of th~s
mortpefla.
6. T}+et (a) ~n the event of nny 6reach of th~s Mortgage or default on the part of the MORTGAGOR, or (b) in tfie event any of said ~ums of money
herein referred ro be r,ot prompt;; end fuiiy pa~d w~th~n th~.ty (30) days next afte~ the same severnlly betome due and payeb!e, witho~t demand or notice,
or (c) in the event each end every tt,e stipu~ations, agreementi, condirions and covenann of ~ald promissory note and th~~ mortgage eny or either are not
~uly, prompt~y and fuily performed, d scnarged, exewted, effecteJ, completed, complied with and abided by, rhen in either or any •uch evenf the s~id ep-
pregate sum ment~oned in sa~d premissory nofe then remalning unpeid, with interest accrved, and all moneya secured hereby, shali betome dur nr.d pay~
shle forrhwirh, or ~hereafrer, er the opr:on of sa~d MOR~GAGEE, aa fully and complete!y as if ail af the said sums of money we~a or~ginaliy t~~putated
to ba pa~d on s~ch day, anythin~ in ea~d promiasory note or in this Mortgage ro the coMrary notv~ith7tanding; and there~pon or ihereaftQ~ et th~ option of
~e~d fJ~ORTGAGEE, w~!hout r.oi~ce or demand, suit et taw or in equity, therefore or thereafter begun, may be prosecvted es if ell money~ secured hereby
h~d matuted pr~or ro its institution
7. That ;n the evenf rhat at rhe begin^ing of or et any time pending any suit upon rhis Mortgege, or to foreclose it, or to reform it, or to enfotte
peyment of any claims hereunder, said MORTGAGEE ahall apply to the Cuur~ having juriad~ttion thereof for the appoiniment of a Receiver, suth Court shell
forthwith appu~nt a receiver of said mortgaged property ait and singuler, inctud~ng slt end singuler rhe in~ome, profit~, i~tue~ and re+•enue~ from whalever
source defived, eath and every of which, it being expreuiy understood, ii hereby mortga9e$ as if fprufically set forth snd described in the grentinfl eRd
habendum clauses hereof, and w.h Receiver shall have ell rhe broad and effectfve functions and pawer~ in anyw(se entrusted by • Covrt to o Receiver, and
wch appointrnenr shall be mada by such Co~rt es an adrnitted equity end a matter of sbsolute right to teid MORTGAGEE, end withouf reference to ths
adeqvacy or inadeqvacy of :he value of the preperty mortgaged ar to the so!venty or insolventy of said MORTGAGOR or The defendant~, and thet •~ch
renra, profits, income, issues and revenves shall be applied by such Receiver ecwrdmq ro the tien or eqvivy of ~a;d MORTGAGEE nnd fhe proaite of such
Court.
8. To duly, promptly end f~l!y perform, discha.ge, execute, effect, :omplete, comply w~th end abide by each •nd every the ttipuletions, egreementf,
condition• and tovrnents in said promissory ~ore and this mortgage set for!h.
9. Thar in the event the ownersh:p of the morrgaged premiaes, o~ eny parr thereof, becomei vesfed in e pery~n other then ihe MORTGAGOR, the
MORTGAGEE, it~ succeuon end assiyns, may, withour notice to rhe MORTGAOR, deal with wch succesior or wcceesor in interest with reference ro this
mortqeqe end the debt hereby secu~ed in the 3ame mar.ner e~ with Mortgegor withoui in any way vitiating or ~d~sthargirtg tha Morrgagon' liability he~t
under or upon the debt hereby sec~red. No saie of the premisea hereby mortgaged and no fo-bearante on the part of thQ MORTGAGEE or its fucces?or•
or ictigna end no extens~on of rhe ~ime for the peymen~ of the debt hereby ~ecured given by the MORTGAGEE or it~ successors or aiYi~nt, shati operats
M roi~es~, d~uhar8e, mod~iy change or effect the o.ig;nal liebility ot the MORTGAGOR herein, either in whole or in part.
)0. It spec~fical{y agreed that t~me i~ of the esaence of this contred end that no wa;ver of any obligetlon hereunder or of the obligatien sa•
tvred her~by ihafl st any time thereafter be heid to be e waiver of the termf hereof or Of the in~rrument secured hprby.
11. In add~tion to the forego~ng monthly payments of princ pal and interest reqv~red by the prom:ssory note sewred hereby, martgegor covenenq
snd aflrees to pay to mo:tgagee wirh sach mor,thly payment an add~iionsl wm es!irrated by morry„gee to be equal to 1/12 of the ennua! cost of the follow-
ing:
A-All real property taxes ~evied or essessed againsr the above described real es~ate.
6-Premivms on fire and windstorm insuran~e as herein requ~red to be carried on the ~mprovements s'tvate on the sbove described premisef.
C-Premium~ on svch mortgage guaranty insurante as mortgegee shall from t~me to t~me deem 4it to tarry on the loan ~ec~red hereby.
Mortgegee shail from tlme to time notify mortgagor in wriYng of ihe amount due and payable he~eunder end wch sum shall thereupon be due •nd
peyable on th. due dafe of the nert momhiy paymem and each wccessive month thereafrer until mortgagee shalf not~fy mongegor of a chenge in wch
emo~nt. Such suma iha:l be ap~tied by n,ortgagee towerd the pnyment af real property taxes, insurerce premiums, and mortgaga guerenty insurance
preriuma.
IN WITNE55 WHERE the said MQRTGAGOk hat hereunto set his herd and seal rhe day and y ~~rsf aforesaid.
SiQned, ed and e ive in the ence of: /
~ FIL" ~:•j~~~~.~C~D~D ,,E.czc~-c. -~J
. ~ ~ ~ . ~ ~ ~~\~[~Sj 1•~f:~u~ il , ~ j . 5~eeq
1 ~ L • Se~l)
. ~
_ ~ 5 F?~1 3 ' 15
STATE OF fIORIDA f
courrrr oF .S~ La~~ i P
. i4fars rn} persor,rlly sppeared ' i ' ~ ~
, • ~ . end
' ~ ~ ' ~ i .
g hit wife, to me well knawn •nd known to rt» to b~
ehi .l~itidwl? defcri~d In •nd who executed the foreflnin9 in~trumer~t, nowledfled befors me that thsy aattutad the tame for tM purpose+
tF+«~u+ a«{+~~sbe. ~Gd 7f+e ~aid Ru th A. C ri F
f' 1~
wrT~ :af -NM sac~ ' y~ •~,aw re n c e 1~G ri f f in,~ upon a s~pu~ts rnd priv~ts
•xart~inatio~~1' 6y me taJten~aepetate sn~ iperf.~rorn ~er.sdid.+v~b.nd, ~cknowledyed to ~nd before m• that •he exewted said in~trumem fraety ~nd volurr
~~~~Y~'f^¢~w~r~t 4n~'~D~p~~ion, conljrbicx_'ppprah~ns~ori, w fear of or from her said husband.
~~WJYN~55~my i~atid.p,td~officie! ~ea}.t}+{s._. - de of `~j`=
Y A. D. 14
. ' - •\J~~ , -
/r J: ~ "
f' '','i' No?sry Public in ~nd for tars of F:orid• af Lary~
, ~ My Comm~~s' . •xpira. . _
Re!u~n To: : J/~ . ,~,.y, r y~i;~, `
Citi:ens iederal Savings 8 Loan Assotitiiqn 1`..;
of Sr. Lucia County
Ft. Pierce. Fiorida I~ hK ) ~~w
8G~„ 1 V