HomeMy WebLinkAbout1071 And ~±~d ~Y•:~!~yaqors ''~r~~c`.rs erd .~!,_:rs !eyai rec'resertat~.es, succesaors and ais~gns, hereby jointiy a~~d zevarelly CUV~r,ant snd ~pr~e
ro and w~th thr sa,d MORiGAGEE. ~is s~c.essors a• Jrass~yns:
l. To pay all ar.d s~i~g~~~ai the p~!rc~~~al and u~rereii and the var~~as and scndry ~u~~.f of money paya6'e by v~reue of said promissoiy note, end thi~
n,~rtgage, each and every, pron~pt:y on the days respect~vely the same severa'ly bec^me d~e.
To pay all ar,d s~ng~!a+ rhe taae3, assessments, levies, liabililies, obligations and encumbrancef of every nature end kind now on feid de~tribed
proPerty, or tha~ hereaher may be ~mpoted, suffered, plated, lev;ed, or assessed thereon, or that herrafter may be levled or s»eiied upon this Morty-
age, or thr indehtedness sec~red hereby. each and eveiy. when due and payab~e, nccording to iaw, betore they become delinquent, •nd befor• •ny inter~t~
attcches or any pr;~aity ~s u,c.;rrrd: ANG IN~OFAR AS ANY Tf1EREOF IS OF kECORO iNE SAME SHALL BE PROMP(lY SATISfIED AND PISCHARGED OF
RECORD AND THE ORIG;tiAI OFfiCIAI COCU,b1ENT ~,Si;CH AS. FOR INSTANC[. THE TAX RECEIPT Ok THE SATISfACT10N PAPER OFfIC1AlLY ENDORSED
OR CER'tFiED) SHA;L BF PLACEG IN THE NANDS OF SAip MORTGaGEE WITHIN lEN DAYS NE.XT kfiER PAYMENT, and in the event that any :hereof i~ noi
pa~u. sar:sf~ed and d~icharqed s~ d"10RTGAGEE may ar any t:me ~~ay the same or any part thr~eof w~tho~r waiving or effrciing any option, lien, rquity or
.~qht ~nder o~ by vvfue of th~s .no~~qage and fhz iuii a~~ o~nr of cerh and every such payment shall be immed~ately due and payeb~e and sha~l bear mteresi
~rom the date the~eof um~i pa.d ar rate of e~ght per crnr~~rn per annvm and together w.~h suc~~ interest shall be secured by the lien of th s morgtage.
3. To pl~c~ and continuoufly keep on the buildin9~ now or hereaft~r situste on •~id I~r.d snd on ~li equipment snd parsonilly cnvared by this mo+t~
p~, with all pr~miuma thereon peid in full, fira insursnce in the ufuel standard policy fo:m, in e sum epproved by the MORTGAGEE, and wind~torm
Imurarxvr in tha usv~l atendard policy forrn, in a sum spproved by tha MOR7GAGEE, in ~uch company or tompanie• ei iha k10RTGAGEE may
direct; •nd all fire •nd windsrorm inwrence policies cn eny of ~aid build~ngs, ~ny inrerest therein m part rhereof, in the ~ygreyere tum aforossid or
in exceu thereof, ~hell contein the uwat xunderd mortgegea clause or such o~h.•r da~se es the Mor~yagse mey cequlie, makiny rhe loss under •aid po:l-
tie~, esch sn~ every, payable to seid MORTGAGEE e• its interest may appeer, end eech end every s~ch policy sha~l be promptly a~s.gned and delivered ~o
•ny held by ~aid MORTGAGEE as further iecurity to said mor~gege debt, end, not less than ten (10) day~ in advante of the expiration of eech poi~cy, to da
liver ro wid MORTGAGEE a renewal rhereof, together with a receipt for the prrmium of ~uch renEwal; and there iheli ba no fire or windstorm insurance
pieced on any of said bu~ldings, any ~nterest there~n or part thereof, unle~s in the form and .,r~rh the loss payabie a~ aforesaid; and in +he event any sum
of money becomet peyeble ~nder wch po!icy or pui~ciea said MORTGAGEE shall have the opt~on to receive and apply the •eme on accoum of the indebted-
ness ~etured hereby or to perm~t sa~d MOkTGAGORS to rece~vr and ~ae it or any part thereof to~ orner purposes, w~thout thereby waiving or impair-
Ing •ny ~qu+ry, lien or righr under or by virt~e of thi~ morrgage; and in the event ~ald MURI„AGORS shall for any reason fail to keep the •aid premisc• so
insured, or feil to deliver pvomptly any of seld pol~ree of insurance to •aid MORTGAGEE, or fail promptly to pay fully any premium rherefor or in eny
re~pect fail to perform, dischargr, execure, effect, complete, comply with and abide by thh covenant, or'ar.y part hereof, aaid MORTGAGEE mey place eod
pay for wch lnsurance or any pe~t the~eof w~thout weiving or affecting eny option, lien, equ~ty, or right ~nder or 61 virt~e of this Mortgage. •nd the
f~ll amount of each and every wch paymrnt shail be immediately clue and payeble end shall bear intereet from the date thereof umil paid et the rate of
nine per cent~m per anm~m and together with s~ch interest shal! be eecured by the lien of this mortgage.
To permit, tommit or ~uffer no weste, impairment or deterioretion of said property or any part thereof.
5. To pay ell enci singuler the costs, chargee and expen:es, including a reasonable ertor~iey's fee end costa of abYtracts of title, incurred or paid et
any time by said MORTGAGEE, becausc or in the event of the feilure on the ~art c.f the ~aid MORTGAGOR to duly, prompt~y and fully perform, di~charqt,
•xacute, effect, cempiete, comply w~th and ab~de by each and every the •tipulations, ag~eemenre, cond~tion~, and covenan'• of ~eid promi3sory note and thi~
morrgaye any or e~ther, end sa~d cosn, charges and expenses, each and every, shail Ce immed~ately due and payable; whether or not there be notice dr
mand, attempt to te!lect or wit pending; and the ful! amount oi each and e~try a~ch payrnem sho~l bea~ interesi from tht date thereof until paid a1 the
rote of n~ne per centum per ennum; and all said cosrs, charqes ar.d expenses incurred or peid, together with iuch interest, shail be secvred by the lien of thi~
mortqaflo.
b. That (a) in 4he event of nny breach of th f Mortgage or default on the part of the MORTGAGOR, or ib) in the event any of seid sum~ of mOney
harein referrrd to be noi prompN; and f~lly pa~d w~thin th~rty (30) days next after the same severaily become due and payable, wirhout dtmand or notice,
or (c) in the event each and every thr stipuiations, agreements, conditions and covenanrs of sa~d promfssory note and thli morrgege eny or either ere not
~uly, promptiy end fuily performed, d scharged, exewred, effected, compieted, complied wirh and ao;ded by, then in e~ther or any ~uch event the iaid ap~
pre9ete surn mentioned in taid promissory nofe then remaining unpaid, with interes! accrued, end all moneys sec~red hereby, shall become due and pay~
•61• forthwith, or thereafter, et the ~ption of said MORTGAGEE, as fully and completely et ii all of the ~a~d sums of money were originelly itipuieted
to be peid on such day, enything in sa;d promisso~y note or in Ihia Morrgage to ihe contrary notwithstending; and thertupon or ihereafter at the option of
~eid MORTGAGEE, without netice or demand, s~it at law or in equ:ty, rherefare or thereef~er begun, may be proic:~ted a~ if all moneyi fecured hereby
had metured pnor to it~ inatit~tion
That in ihe event that et the beginning of cr at any time pendi~g ar.y wit upon this Mortgege, or to foredose ~t, or ro reform it, or to enforce
paymenT of eny claims herevnder, said MORTGAGEE shall apply to the Cour~ having jurisdlcr;on thereof for the apooinrment of e Receiver, such Covri shali
Forthwith eppoint a receiver of saic+ mor;gaged property all and singuiar, ind~d~ng all and singuler the income, prof~rs, iuuea and revenue~ `rom whatever
source derive~, each and every of wh:ch, it being expressly understood. is ~ere6y mortgaged as if spec:fically iat forth and des[ribed in the groMinq end
habendum clauset hertof, and ~uch Receiver shall have ell the broad and effective funct~ons end powers in anywise enlr~sted by a Court to a Receiver, and
iuch appointment ahall be made by such Co~rt as an ndmitted equity and a matter of ebsol~te r~ght to ~eid MORTGAGEE, end without feferente to ths
sdequacy or inadequecy of the value of tne prope.ty mortgaged cr to the so'~vency or insolvency of said MORTGAGOR or the defendenfs, end that wch
rents, profitt, income, isaues and reven~ns shall be applied by such Receiv?r aceorclin9 to tha lien or equity of said MORTGAGEE and the practice of such
CCUrt.
8. To duly, prcmptly end fully perform, d~scharge, exewte, ef~ect, complete, comply with and abide by each and evary the atipulatiqns, 6qr~tmenri,
tonditiom end covenants in said promissury r.ote and fhis mortgage ser forth. _ •
9. 1'hat in the event the ownersh~p of tha ~ortgaged premises, or any part tf,ereof, bzcor*.es vested in a person other lhdn'iJ~6 MORTCiAGOR, thq
MORTGAGEE, itt wccesscr~ and a~signs, may, without notke to the MORTGAOR, deal with such successor or i~tce~sor in interetY,with reference lo ihis
mortqape end the debi hereby x.ure~ in the same manner a: with Mor~gagoi without in any way vit~ating or ~d~scharging the~ Mo~tgagori liability ~her~
under or upc~n the debt hereby secured. No sale of the promise~ hereby mortgeged ~nd no ferbearonce on the part of tha M¢itTGAvEE or its •uctetiorf
or at~ign• ~nd no extension of the time for the peyrr.ent cf the debt hereby secured given by the MORTGAGEE or ite successOr~ Oi e~signs, tha~l operaT6
fv rok~ss, diuharge, modifr chsnge or effca the original lieb~Gty of the MORTGAGOR !~erein, either in whole or in pert.
10. It i• speufically agreed thet time i~ of the e~sence of rhh comract end thal no waiver of any obligetion herwnder-.or of the ob~igation te-
cured hereby ihall st any time thereafter be held to be a w~iver of the term• hereof or of ~he insrrument secured herby. ' ~ ,
11. In addi!ion to the forego~ng mr~nthly payments of prin; pal and interest requ~red oy th? pro~n.ssory note set~red hrreby, morf~dqor, tovenanis
~nd eprers !o pay to mortgagee with each rc~cnrhly payment en addlrion~i sum eitimated by m=rt__~az to be equal to 1;'i2 of the ~nnual tost of the follow-
ing:
A-All real property taxes levied vr assessed against the ebave descrioed real es!ar<_.
8-Promiume on fire nnd windstorm insurance es herein requirad to be carried on the ~mprovemeros s~tuate on the above desvibed premises.
C-Premiuma on such mortgage gua~anty insurance as mortgagee shall from t~me to tima deem fit to carry on the loen secured hereby.
Mortgegee shall frcm time to time rotify morigagar in writing of the amount d~a and payab!e hereunder end such 3um ihaii thereupon be due ~nd
Fey~blE on the d~o date of the next monthly payment and each wccessive month therraf!er until mortgagee fhall notify mortgegor of a change in such
amount. Such wm~ ~ha!I be appl~ed by morrgagee toward the payment of real property taxei, insurence prem~ums, and mortgaga fluerenty ins~rancc
premi~mt.
IN WITNESS WWERE th~ aaid MORTGAGCQ nas~tFeW+/q ssJ~i~•h~ a a the day and year rst afo said. ~
Si~n 5ealad end ~iv in the proience of: ~ ~-r~ ~ h ~~•~;i:~ ~ ~ - C ~ , , ' )
~ U1€ I~.{+~ \..iV Q'~~~~. ~ f~(, 1.~c~/s,aq
, _ ~ ? t-__ (Seel)
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F~~ _ ~ J _J ~JOl~~
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S?ATE OF FInRIDA ' . `
~ .;SS: .
~OUNIYOF ~'a~-6° - -~::i. L~,:l~l' I!~--. "i\
~ ` ~ ~i ~
D~fot's ms patsqnal~y •ppeared _ t~ l~~c"3.VCOCi~ :~1'rl`'1l~lc'-1~ _ snd
Lindac`L.~'aynen hi~ wife, to me wel~ known and known to me ta k»
fl~~ individuati deitrebed I~ end who axetuted the forepo~n9 instrumenT, snd •cknowled9ed beforo me that they executed the ~ame for th~ purposet
r?,.~.tn.:xp.r.s~d. a,drt,:.ad____._ Tin~3a L ~rayn~~ ~
wif~ of tb~s ~aid _-T~.-. ~V e T'@ t t~ 1'~~1'c oc k~7I'1~,'T1E: Tl ~pon e~ep~r~t• and prlv~r~
~~~ri,~ration ay ma t~ken {eparete end spart from her seid hu~band, ecknowle~lqed to end before me that the exea~ted iaid in:trumont fieely ond vol~rr
brily 'and without any cofipuis~on, wr,~rrain~, epprahensk,~, or fear of or from her taid husband.
WtTNESS my ?+snd ~rnd affir.iai ?eel thia..-_~1-~ _ day of ~ A. D. 19._Ss.~
! t.Y~~
~ ~ Notary Pub!ic ~n •nd f~r e 1~te of Florid• ~t Lary~
• ~ . , ~ My Commi~~ian •xpirss:
Return Tc:
Cifi:sns federsl Sarings 8 loan Atsocieticro ~t~t`.~~ r, ' i ~ _
af St. lucis County ~~~y C~rr. ::s- : i . , _ : . . ~,'i
Ft. Pferce, flor~da ~ ~ ' ~
h~.~x13~
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