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HomeMy WebLinkAbout0020 To plan and conti~uously kHp on ~M buitdiryi e+owr or hereaft~? ur~~t~ o~ ~aid tand ~nd on atl equipmMt ae+d penonally cove?ed by tNs narq~ ap~. with ~11 pr~miwn~ tha~eo~ paid in full, tire insu~anc~ in f!y vswl sundard policy fam. ~t~ a iwn approwd by tM MORTGAGEE, and wi~torn~ k~suranc~ in th~ ~nwl ~tanda~d pot~q for~n, in a sum ~pproved by th~ MORTGAGEE, tn such company o~ tompan~~s ~s tlr MORTG/IGfE m~y dinctt ~nd aU fir~ ~nd w~ndstwm inwwnce policies on ~ay of said bv~ldirgf. My i11ft~lft (FIMti1f q pifl fMtfOl, in tl+~ ~yg~~eya» s~m ~iaa+id a In txceu the.wf, ~Mll contain tM uwal s~andud mortp~yN claus~ or tuch othK cls~u a tM Mort~~pe~ may nq~in, makirg tM lois uncla uid polF c~, ~ach and ~very. p~Yabl~ ro aid MOR1CsAGEE ~s its intertst maY ~pptar. and each and ~vary iuch policy ~haN b~ promptly ass:~n~d and d~livered fo ~ny Mtd by said MpRTGAGfE a: furrher secv~ity ro said mortps~ debt, snd, not I~ss tMn t~n (10) days in ~dv~~nc~ of tl,~ ~xpir~tion o1 ~ach policy, w de~ IivK ro s~id MORTGAGEE ~ rM+ew~l therwf, tog~~hK with a receipt for tM premium of such renewal; and ~her~ ihsl! M no f~n w windstorm i~suranc~ plapd on u~y oi ssid buildinp~, ~~y intereit thenin w psrt therwf, unl~u in the foriri and wi~h tM lou payabl~ as aiw~i+idj and ln tM ~v~nt any wm oi rnon~y becanes psyable ~nde? such policy w polici~s said MORTGAGEE shall h~w tM option ro reteivs aod ~pply tM s~m~ on atco~nl 01 tM iodebted~ ntst ~atvr~d htnby a lo pi~mit said MORTGAGORS to receive +nd us~ it or a~y part thereof fw other purpose~, w~thou? thrreb~ waiving w~mpain iop any p~~ty, lie~ or r~pht v~der a Gy virfw of this mostpaye; a~+d in tM ~vent ss~d MORTGAGORS sAall for ~ny ~~asa? f~il to keep ~he sa~d prsmise~ w inwr~d, a fai) 1o d~liver promptly any of said policies of iruun~cs to said MORTGAGE., or fail promptly to p~y fully any pranium therefw or M any rtapM f~il b perio~en, d~xhupe, execute, effec~, comptete, comply with and abids by th~s cownsnt, w ~ny part M~eof, uid MORTGAGEE rruy pl~ce and p~Y for wch ieawu~u o~ ~ny pah tMreof without wsNin~ or affactinp any option, liea, pv~ty, or riyht unde~ a by virtw of thii Matysye. snd tM full anrouot of e+ch and ~wry wch paymM+! shall be inimediately dw and pay~bb ~nd shaU bea~ inrae~t f.om ths dat~ tAereof until paid M tF» nq o1 nin~ par ttntvm pa annum and togefher with such ieterest shall be set~rod by ti+~ lien of thia mat9~pe. 4. To p~rmil, oomrnil w suffer no w~st~, knpai~ment or deterioration of said propaty or ~~y put the~eof. S. To pay ~II ~nd sinpulu tM <osts. ch~ryef ~nd expenses, includirg a reaionsble sttaney's fee and costs oi ~bstrxri of tiH~, iexvrred or paid ~t ~ny tun~ by said MORTGAGEE, beca~s! or in the evMt of the fsiture on tire part of eM said MORiGAGOR fo duly, promptly a~d fvlly pafam, d~uhargR •xecvte. ~ff~cf. tompiet~. .•omply with and abide by ead+ ~nd every the stipulations. agreements, conditioro, aod rnvrn+nq of said promiuory ~ote ~nd tha mortqaq~ ae~r or e~ther. and sa~d costs, cMrgn snd experres, e~ch and every, ihstl be immediately due and payabte: whe~her or not tF~e b~ ~otic6 da mand attsmpt w colkcf a? suit pending; and the full amount of esch ~nd every such paymen~ ii?~II bes. i~teres~ from the dat~ thereof until p~id at the rate of nine per cenr~m pe? annum; and +11 said cbsts, ch~rpes and expenses ir?cwred w p~id, topethe~ w~th such inter~sl, shall be s~turad by tM lien oi thit moHp+qe- e. T1at (a) in the event of any breach of this Matyape w defsult on th~ part of the MORTGAGOR, w(b) in tF~e ~vent ~ny of s~id sums of mon~y ; h~r~in nfar~d to bs not p~ompny and fully paid withi~ thirty (30) d~ys next after the same severatly become due ~nd paysble, without dem~nd w notice, ~ or W in tM eveqt exh s~d ewry ~he stiputations, sgreemenn, co~d~tions and coven+nrs of sa~d p.orr,iuory note and th~s mortp~pe any w ei~her art no1 ~ ~uly, pomptly and luUy performed, diichuped, executed, effected. completed. complied with and abided by. then in eitF~ w ~ny tuch ev~nt the said a~ ~ prog~t~ wm m~ntaned i~ said promissuy rate the~ remai~in9 unpaid, with interest accrued. and all moneys secured 1?erebY. shall become dw and pay, ~bl~ forthwith, w thereafrer, at the option of said MORIGAGEE, ~s fully and compleiely as ii all of the said wms of money were wgin~lly ~tipul~ted ro b~ pa7d on svch dsy, anythiny in sa~d prom~ssory oote w in this Mortgage fo the coMrary notwithstsnding; a~+d thereupon w thereafte? ~t the option of s~id MORTGAGEE, without ~otice or demanct, suil at I~w or in equity, therefore w thereafrer beg~n, may be prosecuted ai if atl ma~eys s~cured hereby I~d mitu~Od prWf t0 itf inftituliOn. 7. That in ths event thst st the beginning of or at any time pen~ir,g aoy su~t vpon this Mw~gage, or to fweclose it, or to rcform it, or to enforce payment of any claims herevnder, said MORTGAGEE shsll appty to the Coun havi~g jurisd~ction thereof fw fhe appo~ntmenl of s Receiver, wch Court shall Fortiiwith appuint i rectiver of wid mortgaged property all ~nd sing~lar, includ~ng atl and singular the income, pofits, iuues and revenues from whatever wu?ce derived, esch ~nd every of which, it being expressly ~nderstood, is hereby mwtgaged as if specifically sef (ath ~nd dewibed 'm the yrantiny and h~bendum dauses hereof, and such Qeceiver thall i~sve all the broad and effective funct.ons and powcri in anyw~se entrusted by a Co~rt 1o a'Receiver, and wch ~ppointrrKnt tMll be made by such Court as an admitted equity and a matter of absolute rght ro said MORTGAGEE, ~nd witFw~t reference to the adequacy or in~dequacy of the vslue of the property mortg~ged or to the wivency or insolwency oi said MORTGAGOR or the defendants, snd that such rents, profits, incane, iuues and revenues sMll be applied by such Receiver accordiny to the lien a equity of:said~MORTGACaE~ and the prsctice of sucA Court. 8. To d~ly, prompUy and fully pe~fwm, duharge, execute, cffect, complefe, comply with eod abide by each ~nd every the st~puktiau, ~greements, conditions and tovenann in uid promissory note and this mortgage set forth. - ~i 9. Th~t in the eveM the ownsrship of the mortgaqed premises, a any psrt tF~ercof, becomes vested in • person othnr.'th~n~ ths MORiGAGOR, tF?~ MQRTGAGEE, its successws and augns, may, without notice to the MORTGAOR, deal with such wccessor or successw i~n inferaf w~+n refe~ence to this mwly~ge ~nd the dcbl hereby secured in t}~e ssme manner as with Mortgagw without in any way vitiatirig w discMrging the Mwtgaqors' lisbitity htrs- under or upon the de6t hereby secu~ed. No sale of fhe premixs hsreby rtw.tgaged and ra forbear~nte o~ the paA of the-MORTGAGEE w hs successon or +uigns ~nd no extension of the time for tAe~payme~t of the aebt hereby secured given by the NWRTGAGEE or iti`suaes}ctrs w assigm, sfiall operat~ ro mlease, disch~rye, modify cF»nge or affect the o~iginal liab~lity of the MORTGAGOR herein, either in ~whok or inrput. - f 10. It is specifically agreed that time is of tl~e essence of this contrad +nd that no wsiver of sny oblgetan hereunder or of the cbliy~fion se- wred hert~y shall at any time thereafter be hetd fo bc s waiver of 'he terms hereo( p of the instrvmeM setwed herby. a 11. in addition ro the forego:ng monthly payment~ of princ pD1 and inrerest required by the prom~uory nore secured hereby, mortgsgor tove~ants and sgrees to pay to mortgagee wi~h each momhly payment an addi~ional sum es~~mated by mortgsgee to be eqwl to 1/12 of the a~nual cost of ti+e folbw- ing: ~ A-All real properfy tazes (evied a assessed agai~st the sbovr described rea! tstatr. B-Premiums on fhe and windstorm insurance as herein requ~red to be carried on the imp~ovements sit~ate on the above described premises. C-Premiums on such mortgsge guaranty insurar~ce as mortgagee thall from time to time deem fit to carry on the ban secured hereby. Mortgsgee shall from time to lime notify mo?tgagor in writing of the amount due and payabie hcreunder and s~rch sum sFwlt fherevpon be due and payable on the due dare of the ne:t monthly paymem and each successive month thereafter until mortgagee shall notify mortgagor of a change in such anrount. Such s~ms shall be applied by mortgagee toward the payment of real property taxss, insurance prem:ums, and mortgage guaranty inwrance premiums. !N WITNESS YYHEREOf, the ssid MORTGAGOR has hereunto set his hand and sea~ the day snd ~ int afor Seprnd, led u+d liver in the presence of: at} . _ •n .n n , STATE OF fLORIDA ~ St. Lucie u- I courrnr oF ''I bef„~ me per,a„~~y ,pp„~ed C o dv L. B A i le v and ; C e^o lyn A. B a i l e v his wife, to me well known and known to me to be ths individwls described in and wi}o eaecuted the fwegoinp instrvment, and acknow!~ ed before me that they axecuted the ssme for the pwposes I rhe.ein .~cp.~,~.d. ~1„d rne H~ C a ro 1 yr~ A. B e i 1 e~, I wife ot th~ ~aid C O L~ I, . B~ i 1 e t vpp~ a upuate ~nd priv~M •:amination by ma taken separate and apan from her said husbsnd, acknow{edged w and befwe mt that shs exearted said instrument freely and vdun~ farily a~d withow ar{y compulsio~, constreint, apprehension, feu oi w irom her s~id F~utband. i WRNESS my Mnd and officiel sesl thi: ~y af F ebru a rv D. 19 ~ Notsry Pu in and for the State of Florid~ ~t lar9e ~ Retvm Ta MY an expi~es: ~ Fsn~ F~~~ say~~i s~ nu«PI~Ep AND RE ORDE~ Notary PuDllc. staw ot Aorid~ at Of Fort P~er K M Commi ' a 9(~ 0 Y sswn Fxpires Au . 6 r . a , i~ ~r~., .P~Na: F~.~da I.~ ak.~, _ 1 sorxl~d a~r Am~r?can Sur.t~!.~+~f ~I.~xa. ~ ' '.:\~R ...:'`t', c<•C'~ ~ `~'):1 : ~ ` ` '66 FE8 2 I PN 3 : I I - ; ~ ~ ~ ' ~ y,-._ _L42~{3t) . ~ ~ . ! - S. CLERK - . - rt ~ - ~ ~~J = ROGEr~ r31-TR:. ' ' gT. LUCIE COUNTY. - - t': I '~~yt~ FLORIDA ` i ; j . . _ ~ ' . • - I . _ ~ ~ • ~ • I B00~~~ ~ . 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