HomeMy WebLinkAbout2332 And said Morrgayoro. for ~i,emir~ves a~:d ~helr he~r~, Iegal rep~esenra~ivei, succeiio~~ ~nd atiign~, heteby ~o~miy and ~eversily covenaro end prN
to ano wifh the s~~d h10RiGAGEE, ~ts succeesors a:,d asslgns:
1. To Fay all and s~ngular the pr~n~~pal and interest and the varioue and ~und~y Yum: of mor.ey payeb~e by virtue of aaid promi»ory nat~, •nd ihis
morrgage, each end every, prornpr;y en ~he days reapec~~vely 1he aame severeily become due.
2. To pay a!I and ~ingu!ar the raxes, asse,3ment~, lev;es, Ilabiiities, obligat~ons and encumbr~nce~ of every n~turo •nd kind now on ~aid d~~cribetl
property, or that hereafrer may be ~rnposed, suHered, placed, tevfed, or ascessed thereon, or fhat hereafte~ mey Le levied or ~iie?ied upon thif lNortQ-
ege, or tht indebtednesa aec~red heieby, each and evzry, when due and payeblr, actordiny to lew, before they betoma dalinquent, and b~}o~s ~ny int~reft
artaches or any pena~ty ~s inc~rrrd; i.fvD INSOFAR AS ANY iHEREOF IS OF RECQRD TME SAME SHALt BE PRUMPiIY SAi1SF1ED AYD ~I5CHARGEp OF
RECORD RND iNE ORIG;hAI Qf'r~~_tAl D~CUMEN? ~SUCH A5, FOR IhSTANCE. ~NE TAX RECEIPT OR THE SATISFACTION PAPER OfFIC1AllY ENDORSED
OR CERTIFIED! SHALL BE PLACED IN THe HANDS OF SAID MORTGAGEE WITHIN TEh DAYS NEXT AFTER PAYMENT, and in the ave~t that eny thereof is not
paid, sat nlied and d~sehaiyed sa d r.10R1GAGEE may ar any t~me pay the ~ame or any part thereof without waiving or affecting eny option, ~ien, sq~ity or
.iyhr under or by virt~e oF tMs r.~ortgaqe and ~he full amo~nt of each and every such payment ehall be immed~ately d~e and peyable and shal) bear inter~st
~rom the daje rne~rof umD pa.d ai ra~e of eighr per cznt~m per ann~m and together w~th s~ch inrererr she3t be secured by the lien of rh;a morglaQe.
3. To pl~cs •nd continuouify keCp on the buifdinqa now or haresfhr ~ituete an aid I~nd ~nd on •!I equipment and perwnilly cov~r~ by ihi~ mort~
~p~, with •I! pr~mi~rns th~reon paid in full, fir• insurenc• in the utual •randa~d policy (orm, in • sum 4pproved by the MORTGAGEE, ~nd windstorm
insunnte in ths ususl ~te~dard policy form, In a•~m ~pprovsd by the MORTGAGEE. in ~uch company or companies a~ tM Al(7R7GAGEE may
direcf; and a!! fire and w;ndatarm inaurance poiicie~ on •ny of •aid build~nflf, •ny interes~ therein rn pan thereof, in the ~gyre9~te !um af~os~id w
in ~xcew tharaof, sh~ll contain rhe u~uel st~ndard mortgaflee clauie or such other ctause aa tha Mortp~ge• mey r~qu~re, m~kiny ths loee under said poli~
' ci~s, erch rndevary, peyeb~e to teid MORiGAGEE e~ ita interett may appeer, and eith end every xvch policy shall be prompNy e».yned end delivered to
•ny held by ~aid MORTGAGEE e~ Further sccuriry to said mor~gage debt, and, not les~ tl~~n ten (10) days in advence of the expir~tion of sach policy, to da
liver to sa~d MORTGAGEE a renewal thereof, rogether avi~h e receipt fcr the Fremium oi iuch renewal; and rnere •hell be no frre or windsro~rn ins~renc•
plxed on eny of teid b~ildings, any imrrest there~n o~ part thereof, unleu in the form snd w~rh the lost payab!e as efore~aid; end in the eJent ~ny wm
ef money becqmet peyeble under s;,ch po!icy or pol;cies seid MORTGAGEE ahall heve the opt;on to receive and aFply the same on eccount pf the indebted-
r»a aeturod hereby or ro perm~f said MORiGAGORS to receive and use i~ or any pa~t thereof for other purposes, w:thou! thereby waiving or ~mpair•
Inp any e~uity, lien or right under or by v~rt~e of this mortgage; and in the event said MORTGAGORS •hell for eny reason fei~ to keep the ~aid premise~ fo
ins~red, or fai( to deliver promptiy any of said pol;cies of insurence to ta~d MORTGAGFE, or fai! pro:ttptly to pay fully eny premium tharefor or in eny
re~pect fail to perform, d~acharge, execvte, effect, complete, comply with bnd ebide by th~s covenant, or any part hereof, seid MORTGAGEE may place e~d
p~y for wth insurence or any part thereof w;thout waiving or affecting eny optiun, lien, equ~ty, or rigM under or by virt~e of th~s Martgaqe, •nd fhe
fuil ~mount of eech end every wch peyment shafl be immediately due and oayable snd shail brar intereit from the daro theroof until peid st the rate o}
nine per cantuni per annum and together wirh ~~ch inter?at shalt be sec~rtd by tF.e lien of this mo!tgage.
4. To permit, commit or su`fer no w~aste, impairment or deteriora!ion of seid propcrty or any pert fhereof.
5. To pay all end sin~ular the costa, chergea end expenses, including a reesoneble artor~ey's fee and costs of ebttract~ of title, incurred or paid sf
~ny time by ~aid MOR7GAGEE, becavse or in the event of ihe feilure on the part of the said MORTGAGOR to duly, promptfy snd fully perform, d~schar9e,
•xs:ut~, effed, compl; te, comply w;th an~ a6ide by each end every ihe tiip~latiom, egrtemert~, conditioro, and covenents of ~eid promissory note end thi~
mortp~Qa any o~ eithe~, and sa:d costs, cherges a~d ex~enses, each and every, shell be immediately due and peyeble; whether or not thera ba notite do-
mer.d, nttempt to collecr or suit pendirg; and the full amo~nt of eath and every ~uch peyment shati beai interest from rhe dare thereof ~ntil paid st the
rote or r.ire ~er cent~:m per enncr~ and aN :aid costs, charqes and expenses inturred or paid, together with s~ch in!erest, shali be •et~red by the lian of thh
mortgaye.
b. Thet (a? in the event of nny breach of thix Mortyage or ciefault on the peA af tha MOR7GAGUR, or (b) in the event eny of said ~um~ of money
hstein raferrad to be not promptl; and fuf~y pe~d w~rhin ch~rry ;30) days next aftar the eame ieve~ally become due end pay~ble, wilhout demend ar notica,
or (c) in ths evenr each end every the st~puiaiio~s, agreementa, cond'+rions and cc,venants of sa:d prom~uory notr and th~s mortgnge eny or either are nat
~uly, promptiy end fully perfarmed, d.scharged, exec~ted, ef(ected, compteted, complied wifh and ab~ded by, then in ePther or any wch eveni the taid
preqat• sum mentioned in teid promiasory note then r!maining unpaid, with intereir acc~~ed, and ai~ money• secured hereby, •hall become due end pay~
shl• forthwith, ur thereafter, et the option oi said MORTGAGE., as f~lly and completely at if ail af the maid sum~ of money wero originafly ttip~leted
to be pefd on such day, artything in aa:d promiseory r,ote or in th;s Mortgage to lhe contrery nofwiths!ending; and thereupon or thereaher at the option of
•aid MORTGAGEE, w~thout not~ce or dema~d, suit at iaw or in eq~ity, therefora or thereafter begun, may ba prosecuted es ;f a!I moneys iecured hareby
Md metured prior to its initlturion
7. Thet in the event that at the beginning of or ai any time pending any s~it upan this Mortgage, cr to for~tlostr it, or to reform it, or to enforte
psyment of any cleim+ hereunder, said MORTG.4GEE shall apply to tha Court haviny jurisdrction thereof for the appo~ntmenl of e Rece~var, tuch Court shall
Forthwith appoim e rece~ver of aa~d mortgaged property a(i and singuler, inc(ud,ng elt and singular the ircome, proFite, i~iues and revenue~ trom whate~sr
wurce derived, eech and every of wh~ch, it being expre~sly u~derstood, i• hereby mortgagad as if specifically aet forih and described in the grontinfl and
hebendum c~euses hereof, and such Receiver shall have all the broed and effective functlons and po.aen in anywise er.truated by a Court to e Receiver, and
•uch appointmem shall be made by such Court es en edm;tted equiry and a matter of e6solute r~ght to said MORTGAGEE, end without roferenca to the
adequacy or inadequacy of the value of the property mortysged er to the so;ven~y or insolvency ~f said MORTGAGOR or the defendents, end that ruch
renh, profin, income, isxuea and revenues ahaii be eppfied by such Re<eiver eccord~ng ~o the lien o~ equity of seid MOR7GAGEE and the practir.e of •uch
COUrt.
8. To duly, promptly and fully perform, d~scharge, execute, effect, tomplete, tomply w~th and abide by each ard svery the ttip~lation~, sgreements,
cundiTion~ end tvvenants in aoid prorniuory note ar.d this mortgage tet forth.
9. th~t in the event ihe ownersh~p of the monqaged premiscs, o~ any pirt thtreof, betomes vested in a persan other th~n tI~,MOIt1~AGOR, the
MORTGAGEE, irt •uccessor~ and as~igns, may, witho~t notice so thr MORTGAOR, deal wirh such successor or wccessor in ,interest ~itf~''~efprence to tF±~~
morigage end the d~bt hereby sec~red in the same manner as with M,o;tgagor withovi in eny way vifiatin9 or~d~schargir~.tha Morfgagg»' llability herr
under or upon the debt hereby aecured. No sala of the premisei hereby mortgeged snd no f~rbearance on the part of tF~e~fNQRTGAOEE,ot jti ~u~ceswri
or auigni and no exren~ion of the time for fhe peyrnent of the debt hereby xecured given Ey the MORTGAGEE nr iH wuqslora w esii9na, shell oFarets
Io rcloss~, d~xhe~pe, modify chenQa or effett the oria;nal liebiliry of the MORTGAGOR herein, eirher in whole or hi parj:
10. It it spe<ifically agreed shat Yme ~e of the e~sence af thi~ contraa and that no waiver of any obligation hereunder ot of the obli9atWn ae•
tur~d hereby ahnil st any time therea',ter be held to be e waiver of the terms htrwf or of the ~nsirume~t sec~red fi*rk~Y.~ _ =
11. In add~tion to the foregoing mor,thly paym~r.ts ef princ pat and intereai requ~red oy tAe prom;ssory noti secured hfrebr, mortgsgCr co~ert~nt~
~nd apreas to pay to martgagee with each rr~onth~y payme~t an edd~tian~l yum eitimared by mort,_gee to be equel to'1/12 qf't4e annueT c0at p~.ti~efolfow-
~~fl: f . • ~ •
A-All real property taxes lev~ed or assee:ed against the ebure dexcribed reel estete. -
"•i. ' ~ ' ~ , • ~
B-Premi~ms on fire end windstorm Insvrance aa here+n requ;red to be carried or the improvements situa!e on !he atSAv,e ~described premisot.
C-Premiums on such m~rtgaye guaranty inwrence as mortgagee shall from time to nme deem fit to cany on the ioen tec~red hereby.
Mortgegte thall from Hme to time rorify mortqagor in vvriting of the emount due end payab!e hereunder end such ium shell thercupon be due and
pay~bfe on the due date of the nexf monthiy paymer.t and eech succetsive month thereaf~er until morsgagee shall notify mortgegor of a chenge in ~uch
emounf. Suth tuma shel4 be applied by r~or~gagte toward the payment of real property taxes, in~urar,te prem:umf, and mortgage guarenPy infurence
premiums.
IN bYtTNESS Y~HEREOF, the eaid MOA,iGAGOR has hereunra sef his hend end seal the day end yeer first afuresaid.
s~qn , s.ai~ ~nd d~~ in the a Ce af: F! L D A h D R E C R D E D ' ~
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STATE OF FLORIDA ' '
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courrn~ oF ~,.,.n.~ t. 1~u c i e - , ~
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, ;6~fOr! ,T~ plr~qqdN;,ePPuared ' . f, , . , ~ - ~nd
• , i ~p t~
"y--1~. Cr1Z~~`~i1'i" ~DYl.~~E,-' hii wife, to me well kn~,vn and krrown to mo to M
~t ~+W~1, fi, ~ed wFo exe:uted the forepaing instrumant, wx! ~tfcnowledped befare me that they sxacu!td the serrro ftx tM pwposes
Nl~+~n:
~rpi~s~+ed~ ~ Anci tfb •e~d f n ra i ~ i11~.I7,i"(1~ _
wif~yoi tt», ald, .-:1 r~' ; ~e'l Y~ 6~ ~
i o n rs8 upon s~sparat~ ~rtd priw+~
•x~min~tien ~y m~ t{c(t~ ~b~et~e •nd spart from her said hu~b~nd, atkrwwled~ed to and beforo me that she execvted eaid instrumsnt freely and volurr
htlly ~Od ynjthJoyt ~n~ caF~diil~bn, constrair,t, epprehene(on, or feer of or from har taid husband.
~K~NE55 my ha~d 4wil.officifi ~eel thi: `~~Q
t Fz,,._„ day of A. t1. 19.~~.C)
~ • , \ . ~ _
/ Notary Publit in and far t~ t» of F{orid~ ~i Larp~
~ My Commiaion •xpires: /~/j ~S
Re!urn 70: ~7~
Citi:ens fedaral Savings 8 loan Assoc+ation ':,--Y r.:~;~+:, .~iiltC p( 1.~ ~ t I~•r~
o ~r~~te.
of St. lucie County i+ it r i~ ,r C~::r ..;';l n Y ~.,.,y
ft. Pierce, F;orida ~!i(;~ 1~~L~ j"+~~ cr:~.~ f1_ u '
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