HomeMy WebLinkAbout0024 To pl+n and continuousiy kNp on th~ buildin~s now w M~ea!t~r siwat~ on sa~d tand ~nd on ali equipnx~t and ptr~onally cov~nd by this nartp~
p~. with ~tl pr~miurtA tMr~on paid ie fvll, fire insurant~ ;n the ~~wi aundud policy form, rn a twr? approwd by ~M MORTGAGEE, and wie~tam
iniwanc~ in tM ~swl uandard pol~cy fam. In a tum approved by ~h~ MORTGAGEE, in fuch comp~+y or mmpan~N ~s tl,~ MORTGAGEE may
dir~ctt ~nd all tb~ ~nd wind~rorm inivr~nc~ poiicies on a~y of said bvild~+gs, any lnh.~~t thersin w pan thawf, i~ IM pqrpate sun+ afa~said ot
M~xtets IAenot, thall contain HM usual iundud matgsp~e cl~use w iuch otl~ cl~us~ ~s tM Mat9s~e~ m~y rpu'u~, maAinp t1+~ loss undK said po1F
cia, Ntl+ ud ~very, p+yabl~ to said MORTGAGEE as in interest may +ppear, ~nd each u+d every ~uch poticy sha11 b~ promptly us:pnsd sr~d d~live~ed to k
a~y hetd by iaid NWRiGAGfE a fu~tMr setu~ity ro said mortp~ debt, and, nW less thx~ ten p~ days i~ ~dvanc~ of tF+~ ~xpir~Yan of esch policy, w dr ~
IivK to s~id MORTGAGEE a rtnewal tMr~of, to~etlw wi+h a raapt fp the pr~mi~m oi iucF? ~enewal; a~d ~here sh~li be no tu~ a windsrwm irovr~nt~ ~
plaad on ~ny of taid b~lldinps, ~ny ie~ta~at tl~tin or put th~reof, unleu in tl» farti and wi~h tM loss payabl~ as afa~saidj ~nd in tM ~v~nt any wm ~
of mon~y becanes payable ~nda wch policy or policies s+id MORTGAGEE ~hall Mw tM opt~on to receive and ~ppiy ihQ Mm~ 011 KCOYM O~ fM I~1dQbtld-
nsss rKV~~d Iw~by p to psimit s~id MORTGAGORS to rKeive and us~ if or any psrt thereof for other pu~poses. withou! tAtreb~ waivi~g o~ impair- ;
i+p ~ny puiry. IiM a ripht u~a w by virtw of thk mortp~9s; uid in tM ~ven1 wid MORTGAGORS shall foi ~ny rt~son fail to ke~p tht ~aid p~Nnises so ;
inswed, or f~il b d~~ive~ p~omPtly ~ny of said policies of in~~nnce fo s~id MORTGAGEE, w fail promptly ro psy fvity any premivm ther~for or in any r
r~spact iail to pKfonq, discM~g~, ~xecvt~, ~N~, oompleh, comply with and abid~ by fiiu covensnt, a any part hareof, said MORTGAGEE may pl~ce and
p~y fw wd+ irouranu or ~ny put tM.eof without wahri~y or ~Nectinp ~ny option, lien, pu~ry, w rgh~ unda w by vinw of ~hi~ Mor~ya~e, ~nd the '
full ~rtwunt of sach and wKy svch payma+t shall b~ im+rwdiaroly dw ~nd pry+bls ~nd sAall bsa. Fntaest from tM dats thereof u~til paid a~ th~ ratt of
nin~ per tsntwn pt~ ~rowm and together with t~tA te?ttrq~ shall be setwed by tM tien of Ihis Inortpape. ~
1. To permh, oomnst or suffe? ea w~st~. imp~'umeot or dNeiwration of ~aid properfy o? ~ny paA thereof.
S. To pay all snd sirsQulu the'cosn, ch+~s snd expenaes, i~cludirg a ~essor?sbk sttomey's fee a~d costs of abstrscts of titte, incu?.ed w psid ~t
any twne by iaid MORTGAGEE, becavse w in the event of ths failure on tl~e part of t1?e uid MORiGAGOR ro duly, promptly ~nd futly perform, d~tcha~g~
exstut~. effect. complett, comply with and ~bide by ~~ch and every the stipulaYwns. ~greanenn, conditions, and covenants of said promissory note ~nd ~ha
mon9~e +ny or either, and sa~d costs, cMr9a and expeMes, each snd every. shall be immed~ately due and payeble: wFrcther a not ther~ bs noticb de~
m~rd, attempt to colkct or tuit pendiny; and the ful) anwunt of esch snd every svth payment sFull btar iroeresl from tM dste thereof vntil p~id at the '
rate of nins per centum per annum; ~nd ~II ssid cdsts, charges and expense~ inturred or paid, together with such iMerest, ~hal~ t» secv~ed by tM tiM of tlw
n'wrt~~•
0. 11?~t (a) in the event of any breach of this 1Mo?tyaQe a defauh on tM p~rt of the MORTGAGOR, or (b) in the eve~t any of said wms of money
her~in r~ferred to 6e not promptly and fully psid within thi~ty (30) days next afler the same teverally becwne due a~d payabk, witlw~t dern~nd or ~otite.
or (cj in the everlt cxh ~nd every the slipulatwm, ~greemcnn, conditio~s and covenants of said prcmiuwy nots u+d thii matysye sny or either ~re ew
iuly, p?omptly and fully perfwmad, d~uh+rged, executed. effected. compteted, compl'~ed with and abided by, then in ettF~ or a~y such ~wm th~ u~~ aq-. ,
prag,~t~ wm mer?tioned in said promiuory nottr tlxn ~emaining w,P.~d, with iroerest acuued, and all moneyi secured he~eby, :hsN becorne dw a~( pay~ • c
abt~ fwthwith, or thero~fter, at tfa option of said AAORTGAGEE, s~ fully and completely as if all of the said wms of rtwney were oriyin~lly atipuf~tfd
to be paid on wch day, anything in ssid promissory note or in this Mortgage ro the contnry notwithstanding; snd thereupon w thereafte~ a~ the opti~ of '
said MORTGAGEE, withovt notice w demand, suif at lew w in equity, therefwe or Iheraafter begun, rrwy be prosecuted a1 if ~II ma~ey~ secured heteby
hsd matund prwr to in institution.
7. That in the evea~t that at the beginniog of w st any time pend~rg aoy suit upon th7s Mortgsge, or ro fweclos4 it, or to reform it, or to enfwa
psyment of any clsims hereunder, said MORTGAGEE shall apply to the Court heving jurisd+ction the.eof fa the appantment of ~ Receivet, s~ch Court shalt
forliiwith appoi~t a rettiver of said mortyaged property all and singul~r, intlud~ng all and singvlar the income, profits, iuues and revtnues from whstevet
sowce duived, each and every of which, it beirg expressly understood, is hereby mortgaged u if speci(ically set forth and detoribed 'm the yranfirg and
hab~ndum tlavses hereof, and such Receiver shstl have all f1ro bro~d and effective functions a~d powers in anywiu entrusted by ~ Covrf to a Receiver, and
tuch appointment shall be made by svth Court as an ~dmitted equiry and a rryner of absolute right to said MORTGAGEE, and without rtferente to the ~
sdcqvacy or in~deqwcy of tha value of the property mongaged or to the sone~cy or insolvency of ssid MORiGAGOR a the defendann, and that tuch
renn, profits, income, iuues aod revenues iMll 6e +pptied by such Receiver accwdin9 to the lien a puity of iaid MORTGAGEE and the practiu of such
Court.
8. To duly, promptFy and fully perform, dixharge, execute, efiect, compiete, compfy with a~d ablde by each and evtry the uipulations, sgroemenn,
condit'am and covenints in said promissory note and this mortgsge set fath.
9. That in tM event the ownenhip of the mortgaged premises, or any part thercof, becomcs vested in a penon other than the MORTGAGOR, ths
MORTGAGEE, its wccesson and auigns, msy, w~+hou~ notice to the MORTGAOR, deal with such wccessor w s~cceuor in in~erest w;~h reference fo this
matyape and the deb! he?eby secured in the same mannet as with Mortgaga without in any way vitiafinp p distMrg'u~g the MortyagOrs' lisbility F?tre-
under or ~pon the debt hneby secured. No sale o( the premixs hereby mortgaged ~nd no forbe+ranu on the psrt of the MORTGAGEE w ib waesson
u essigr~ and no exte~sion of the rime for the payment of the deb~ he.eby secured given py tFie MORTGAGEE or in successas w ~asigro, shiN^operate
to ?~leas~, dixhupe, modify change w affecl the original liab~liy of the MORTGAGOR herein, either in wfiole or io p~rt.
10. If ii spccifically agreed that time is of the esxnce of this contrsct and thit mo waiver of any oblgatan hereuntler or of fhs obligaYao tr
a.red Mr~by sMll at any time thereafter be held fo be s waivrr of the terms hereof a of the instrwrKm secvred herby. -
1 i. In add~tion to the Forego:ng mo~~rhly payments of princ'p'1 and intercs~ requhed. by the p~om~sso~y nore secured hereby, mortgagor covenants '
snd agrees ro p~y to mortgagee with each monthly payment ae addirional sum estimated by mdtg~gee to be equal to 1/12 of the annual tost of the follow- ?
ing; -
A-All real properry taxes kvied or asussed agai~st rhe above deuribed ~eal estate.
8-P~emivms on fire snd wi~dstorm insurance as herein req~~red to be carried on the improvements situate o~ the sbove described premi~et,
C-Premiuma on such mortgage guaranty insurance as mortgagee shall from time to time deem fit to carry on the loan secvred hereby.
Mortgagee shall from time to timt notify mwtgagor in writing of the amo~nt due and payabfe he~eu~der and such sum shall thereupor~ be dve and
pa~abk on fhe due date of the next monthly psymeM and exh successive month thercaiter u~til mortgsgee s}wll notify mortgagor of a change in such
amovnf. SucF~ sums shall be applied by mortgagee toward the payment of real property taxes, insursnce prem:ums, and rtwrtgage guannfy inwrance
premiums.
: WlTNESS WHE tF?e said MORTGAGOR h~s hereunto ut his hand and seal the day ~nd yesr fint eforeaaid.
4Ky~1' in tFM.preseoce of: _
~ n
~o
s~.n
K--q
STATE OF FIORIDA ~
' St. Lucie ~
courmr oF
6efwe me pe~sonally appea~ed Da nnv G ene Kn i~rht
; C a ro 1 Ann Kn ~ ght h~ w;r~, to me weU know,n and knov~w f6-yne to be
i the individwls dewibed in and who executed the foregang ins~rument, and acknowtedged befae me that t}+ey execu~ ihe saq~q~{~~tF~ porpo~es
; tl~~„, expres~ed. ,4,d rhe C 9 ro 1 Ann Kn i Rht ~
~
~ wife ofi N,,, Nd Dannv Gene KniRht =+~Y~;;, ,~9 ,~~~h
~ e~uinuuta~ by me tsken separate snd apsrt from her said husband, +clcrwwledged tu srid befae me that she executed sald «~euy~rneM freely~ vo~
~ farily and withovl arqi compu(sion, constrainf. ~pprehension, or fear of or from her uid husband. ~'1 • ~
wRNESS my h~nd end cfficid se.l,r1~ / 91~, e,y ot _ F e b T'u S Y'Y 1~-f 3• e.. D. }9T?
, 6.6,?"-~ 7"I^_ Lt ~ ~ ~ t
N tary Public in snd fq the St~t~p~~F id~ +t~ l«~d~
My Gomm~ssion ex es• ~;~ii : i ~ t.
e~n?~~ Ta ORO ED ~ P~ ~ o~ ~ei~is'at tar~e
~s~ Federal Ssvings a~/?sso~6a~l 0 0 K ~r ~ Ezpt~s Sea. 23.1969
Of Fort P~erce. I!.! y A~y ~
Fat Piace. Florida ~
:
. , '~6fEB2I P~ 3:II '
. _ 142~3s3~ '
" = ROG~~~ t`'~~-; it:~~. CLErZK -
7 Y g7. WCit CCUtJTY. :
~ • ~ FLORIDA ~
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y~~~ - . ~ BUOK 139 . 21 ~ ~ ~
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