HomeMy WebLinkAbout2185 And sa~d Meriy,go,s ~c~ th,e ~ ta .es d~t c~~ ~ e~~s, !raal rrprese~vat~ve~, s~cce~so~f e~d aei~g~i, hereby jointty rnd ~everally wvenam •nd ~qr~e
ro ei;:1 ,n,th ti,e sa,d h!ORiG~GEE. ~~s s:~c.css: ar.d asi~gns
l. To p~y e!1 and s-~~gv:ar tl.e p•,~~,c~pa~ 3nd ~ntcrrst and ttie var,ou~ end e~~ndry s~ms of mor.ey peyeble by virWe of aaid promiuory note, and thit
morr~age, each and rvzry, F~pn,Nr;r on ihr de;s ~eiprc~wely ihe same severally becume due.
2. To pay all and s~ngu'ai rhe lazes, dtieisn'.ents, levi~i, ~iabi~~t~es, obliget~ons and entumbrancct af every natwe and kind nnsv on ss;d de~a~bed
proper~y, or rhat he~eafiei n,sy br ;mposrd. aufteied, placed, lev~ed, or a~sesxed thueun, or that hrreafter may be lev~td or •utaed upon thit Mortq-
age, or ihe indebfrdness sec..r~d hereby, each and e~ery, when due end payable, acco~d~ng to law, before t~ey becoma delinquent, and beiort •ny interost
a`~cches or any F.enaity ~s ~^c.:rr~d; A^~D iNSOfAR AS ANY iHEREUF 1S OF RELURD THE SAME 5HALL BE PRO.WPTLY $A(ISFIED AND DISCHAR'vE0 Of
RECOkU aND TH: OR!G:tiAt U~FICI:.I DOCUNiNt ~SUCM AS, fOR INSTANCE, iME TAX RECEIPT OR THE SATISfACTION PAPER OFFlCiAIIY ENDORSED
OR CERT~iIED; SHALL ElE PIA~"cC I~, TM; HA"~US Of SAID .MORTGAGEE ~ti1THIN TEN OAYS NtEXi QfTER YAYMfMT, and ~n >he even) thnt any thereof i? no~
pa~t} sar~sl;ed and dlui~.~r~rd s.~ d.'.;I~RTGRGtE rr~ay at an{ t!me pay the ~ame or any pd~t therpof w~lhput waiving or elfecting any Option, IiCn, lquity or
nqhi under oi by v~rt~~r ot ~h~s ,~0~~9.+-~c a~~,d ~he fu~l an,o~nt of each and every wch payment ehall be immed~aiely due end payable and shaN hear int~re~t
fron~ fhr date thereol ~~,t:i Fa.d ar rart o~ eight per cantum per annu~n and togr~he~ .~~~h f~ch ~nte~rst fhall be sec~~td by The ~~en of th s mo~gtage.
3. To p~~c~ •nd continuou~ly keep on the build;nqs now or her~~fttr aituare on tsid I~nd •nd on •II equipment •nd p~nonally covored by this mort9-
•q~, with •II pr~m~um~ ~hereon paid in full, fire in~urance in ths uauel ~tandard policy form, in a sum •pproved by ~he MORTGAGEE, and wind~torm
Imurmc~ in tM w~al ~rendard po(icy fo~m, in a•um ~pproved by thm MOR7GAGEE, in iuch compeny or companie? •s the AIORTGAGEE may
d'uect; •nd •II f~~e and w~ndatorm insurance policie• on eny of said bvildm9f, •ny interest therein or part thereof, in f!,e eygre9ete sum efor~~eid or
in excef~ thereaf, ahell contain the ~sual ~~sndard mortgagee da~se or such ether claufe aa the Morr9~gee may requ~ra, makiny the loss under ~~i~ polF
dsY, each in~ ever~, peyable io seid .MORTGAGEF e~ its inrorest may appee~, end each end every such poi~cy ~hsll be promptly est.gned end delivered ro
•ny hetd by ssid MORTGAGEE as f~rther ~ecurhy to sald mor~gage debt, end, not less than ten (10) deys in adwnce of the •xpiration af e~ch policy, to dr
liver to uid MORTGAGEE a renewal thereof, tngerher with a receipf for the premium of wch renewel; and there •h~l~ be no firo or windarorm i~wrance
placed on eny oi seid C~i;d~ng=, eny {nteree~ rhere~n or pan thereof, ~n!ess in the form end w~th the los• payabie as afore~eid; and in the event eny sum
cf money becomef peyable under iuch poiicy or pof;cies iaid MORTGAGEE sheli have the option to receive and eppfy the same on acco~n! pi the indebted•
nsss ~etvred hero6y or to perm~t ~a~d MORTvAGQRS to receive and uie it or any pa~t thereof ior o+her purposes, without thereby wa~~~ng or i~r~pair-
ing ~ny eq~ity, liert or right under or by virt~e of th+s mo~tgage; end in the evrnt ~a~d MORTGAGORS shali for any reason fail to keep the aaid premiser fo
inaurod, or fail to deli.•er promptly any of sa;d pel:c~e• of in~vrence to ~e~d M02TGAGEE, ar fei! promptly to pay f~Ny eny premium therefor or in any
respect faii to perform, duharga, execute, effecr, ~omp'ete, comply with and abide by th;s covenant, or any part hereof, ~a~d MORTGAGEE may place and
pay for wch fnturynce or sny pan rhereof w~~hout weiving or affecring any option, lien, equ~ty, or right under or by viriur of th~s Mortgage. •nd the
full smount of each end every wth peyment ~ha:l be immediete!y d~e and payable a~?d shall bear interCSt from the dete thereof until peid at the rate ol
nine per centum per enn~m and rogetl~er with such inte~est shall be ~ewred by the lien of this mortpage.
4. To permit, tomm~t or svffer no wa~te, impairment cr dettrioratian of sai~ praper±y or any part fhereof.
5. To pay al1 end ~inguier the costs, charge~ end expenses, includ;ng a reesonable ettomey's fee and cosrx of eaatrocts af title, ir.curred or peid at
•ny time by ~aid MORTGAGEE, brtause or in the even! of +he failure on ihe pert of ;he said MORTGAGOR to duly, promptiy end fully pertorm, di~char~e,
•x~cute, effed, complete; comply w,th and a~;dz by each end every fhe stip~tationi, agreements, conditionn, and covenan`~ of said promissory note end thit
mortgaee ~ny or eirher, and sa.d ;os~s, charges and eapenaes, each end every, •hall be immedietely due e~d payable; whether or not there be notite d~
msnd, attempt ro toilect or auit pend~ng; and the fuil amount of ea:h and every wch peymrnt rhatl bear interest from the dare thereof c~mil paid •t the
rete of r.inr per cenr;,.~, per ann~m; ar.d ail sa;d costs, charqes a^d expenses inc~rred or paid, together with wch interesl, •hall be tetured by the lien of fhi~
mortqaqe.
6. Thet (e) in the event of any t,reech of th~~ Morrgage or default on rhe part of the A10RTGAGdR, or (b} in the e~ent any of se~d sumi of money
herein roferred ro be not prcmp!;; and ful~y pa;d with;n rhuiy (30) days nex~ aftef the same severolly become due and payeble, witheut demand or notica,
or (c) in tfis event each and eve~y rhe stipuia~~ons, agreemente, condltfons end covenenrs of ee~d promissory note and th~a mortgage any or either •re not
iuly, prompt(y and f~lty performed, d scharged, exec~red, effecred, completed, compi;ed weth ar.d abided by, then in either or eny ~uch event the said ep~
areqats sum manfioned in ~a+d prom~sscry note then remaining unpeid, with interesr atcrued, and al; money• ~ecured hereby, shell become due •nd pa•/-
shi• forthwirh, or thereaFter, at the option cf said MORTGAGEE, as (ully end compietely es if all of !he ~afd aums of maney wrre o~egina~ly stiputated
to be pa;d on such ddy, anything in sa,d promissery note or in th~s Mortgage ro the contrary notwithstanding; and thereupon or thereafter at the option of
~eid MORTGAGEE, w~tnout notice or demand, suit et law or in equity, there~ore ar thereafter begun, mey be prosec~ted i~ if ail montys se<ured hereby
had msture~ p:wr ro itt instirutien
7hat in the event that ef the b~qinning of or et any time ponding nny a~it upon thi~ Mortgege, or to fore[lose it, or to reform it, vr to tnfores
peyment of eny claim• heraunder, sa~d MORTGAGEE shall app!y en the Caurt having juritd~ct~on thereof for the appointm~nt of e Receiver, wch Court shali
torihwith appoint a receivcr of sa~d murtgaged properry ali and a+ngular, indud,ng all and singuier fhe inwme, profits, i~wes and revenuea from whatever
wurce derived: eech and every of wh~ch, it being expressly undersrood, i~ hereby mortgeged as if spec~fically set forth and detcribed in the grantinp and
habendum clause• hrreof, and such Receiver shail have all the broad and effective functlons and powers in anywise entr~~ted by s Court to e Receiver, end
iuch eppointment shali be made by such Court as nn admi?ted equity end a mafrer of abaol~te r~ght to feid MORTGAGEE, and without reference to tha
~deqvacy or inadequacy oi the vai~~e ef the property mortgaged or to *.he eo~vency or insolvrncy of said MORiGAGOR or the defendants, and that ~uch
ront~, profits, income, issues and revenuef ~hal! be applied by auth Raceiver acmrd~nQ to the lien or equity of iaid MORTGAGEE and the prattice of futh
Court.
8. To duly, promptly end fuf~y perform, discherge, execute, effect, complete, comply vvith end abide by each and every the stipulation~, agreements,
conditioni end covenants ~n sa~d prom~ssary nore and rhi: morrgage set forth.
9. That in the ev~ent thr ownersh~p of tne mortgaged premioes, or any put thercof, becomes vested in a perwr. orher then ihe MORTGAC,Oit, tha
MORTGAI;EE, i!~ suttesscrs ar.d axsigns, may, w~thout notice to the MORTGAOR, deal wi~h iuch successor or fuccessor in interest with reference to tFit
monQeqe end the debt her~by sewred in rhe same manner et wirh R+;ortgagor without in any way vifiating o~ ~d~scherging the Mc,rtgegors' liebility hor~-
~nder or vFon Jhe debt hereby secured. No saie of the premi~es hereby mo•tgeged and no forbearance on the pert of the MORTGACiFE or it• successors
or ~f~ignr an~ no extqnsion of th~ time for the peyment of the debt hereby iccu~ed given by tne h10RTGAGEE or irs wccessor~ or aaiign~, shall operat~
1e re}rbsa, dischupe, +nodify change or affect the original liab~lity of the MORTGAG(7R herein, either in whvle or in pert.
~ 10. It fi specifica~ly egraed that time i~ of the essance of this tuntrect end thet no waiver of any obligat~on hertur~der or of the obligation ca•
cured heroby ihall af any i~me rhereafier be heid to be e waiver of tha terms hereof or of thc instrumer.r fec~~ed herby.
~ • 11. In eddltion to fhe Forego~rg monthly payments of print pal and interest req~~red oy the prom:saory note srwred hereby, morl~agor covenenfy
~nd eqrees to pay ro moctgagee wirh each monrh!y payment sn addirional sum esrim.ated by m~rry„gee to be equal to 1;`12 of the annual cost of the follow-
_ .
~ A-)SH•rtal•ptope~ty raxes lev~ed or a=_sessed aga~nar the ebove desaibed reei estate.
B-P~o~iivms ori fire and windstorrn inf~ran~e ai he~ein requ:red to be cefried an the improvements a~tuate on the above desaibed premise~.
C-premlumt ari such mortgage guaranry ~nsuror.cs es mortgagee ihall from time to time deem fit to carry on the loan secured hereby.
Mortgegee shai~ from time ro time r.ot~fy mortgagor in writing of the amount due and payeble h<reunder er~d wch wm sha(I ihereupor, be due •nd
peyabte on the dua dets of the next monthly peyment •nd each su<cessive month thereatrer unti! mortgagee shall notify mortgagor of ~ cMnge in wch
em~unt. Such wm~ ~he!1 ~ appiied by mortpagee roward tha paymm! of reai property taxes, inwron~e prem~umi, sr.d mnrtgege gusrenty iniunnce
premiums.
IN ~HI7NESS WHfREOf, ihs ~e~d MORTGAGOR hae htre~nto ?et h+s hand and seel the da and r first af
5fln ed snd de iv in the pre te of: i. `
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i t'~~ rn i•~';Ci Ctiv: v Ses~
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STATE OP F.ORIDA • ~ ' ~
courmr a ~ t_ I,~ ~ c i e
i~^~'D~~;~4JpM.pe~sonai!Y aPP+ered C ha3c e~ ~N `~I''~Qr' _ end
'.Li~~.CQ~-F~~"~'~I^ r' his wifQ, to me we~l known vnd known to rt» to b~
~+~~~~yidw~ ~~iu~Lied, kt and who exxuted the foreyoing in~tr~~Q jhjl;.it~Cnow(edqed before me that they •xKUted fhe sem~ for th~ pwpostt
Mw..l~ axpr.?sed, qr+e the ~.,r~. _ ____I.~.~. Z 7~ Q P c~ r't e T~ ^
:wif~:of`tlii iild' ~ ~i7C~C~ H_ ~QY't@Y'_ upo~ a sepn-st~ ~nd priv~ts
~xsp~inN,ipn by ms, t~ken teperote and epa~t from her eeid hu~band, acknowltd9ed to ~nd defore me that ~he exec~ted se~d instrum~nt fre~ly and volurr
latily ~nd wii~ovf rny compulsion, conttraint, appreFens~o , or feer of or from hst ~aid husb~nd.
-".WfTN1E.5S,jvy fie~d erid officiei uel rhit___~ day Q ovem~ez' A. D. 19~
Notery ?ub~ic in •nd for St+tf of Fiorida ~t larpi
J My Commi~tipn expir f j/_/
Return To: ~ !s
Citi:ens Federa( Savings 8~ iwn Associefion ' E: 7'•
of St. lusie Coun?y ~ . ~ ' ` . - ~ ' ~ t'.
E. . . . ~ . ~ ~:r .
ft. Pier~e, FlpriOn ~
~ 1~30 3~~'