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HomeMy WebLinkAbout0325 . .s . ~ , ~ s To plaa ~nd continuo~sly kt~p on tM buildinps now a MreaftM situat~ on said land snd on all equipment a~d pKton~lly oova~d b1? N~i~ ^+aq~ p~, with all p~aniwrR Iherwn paid in ivll, f'u~ insuranc~ in ~1» vswl tt~r+dard polity fonn, a suni ~pprowd by tM MORiGAGEE. +nd wind~tw~n t ;+uwance M tM wwl stu~da.d pol~cy fwm, in a ium app~ov~d by the MORiCs1?GEE, i~ such canpany w canp+nies a the MORTGAGEE may i dinctt ~nd dl tU~ and wind~twm insurance po~icie~ oe +ny of said build~np~, ~ny int~~Kt thtr~ie~ w part tMreof, in th~ ayq~p+~~ sum atoraaW ar In ~xcas ~her~of, aMll contain tM uswl if~nd+rd mor~~+pN tl~vse a ivch other claus~ ~s tM Morta~ m+y rpua~. m+kinp tM bu unda said poti~ ci~s. ~sch and ~very. p+YSbl~ to said MORTGAGEE +a its inlereil may ~ppea~. and sach u+d ~wry urch policy ib~ll b~ p?anptly asf:yned and delivered b ~ny h~W by s+W NIOPTG/1GEE +s fur~i?K s~cv~iry to ss~d mortp+y~ debt. aed. e+ot ku thsn tM (1~ day~ in adwnc~ oi tM tapiratio~ of each policy. ro d? liwr to uid MORTGAGEE • nnewal ~M~eof, top~~he? wi~h a~eceipt for tM p~emium of wch rtnewal; and ~her~ sh~ll b~ no fin w winds~o~m inwranc~ plaud on any of taid bvildirgs, any intcrtst tiw~i~ or put thenof, unleu in tFw fonn'and with tM bss pay+ble ~s ~fa~said; ~rd in th~ ~W~11 My {YT ~ of mon~y become~ p+y+bl~ wder such poticy a pol~cisi uid MORTGAGEE shall haw tM optio~ ~o rccaive w+d spply tM s+m~ on +ccax?t o~ tM indebted~ p Mss seNnd hertby p ro pe~mit ssid MORTGAGORS to ~tuiw and us~ it w•ny parf thereof fw othc~ purposes. withoul thxeb/ waiving a~mpair- ;nq ~ny pu~ty, li~n a ripht under w by virtw of this morlyaQe: u+d in tM ~vent ~ud MORTGAGORS shall fw ~ny rNion fail to k~ep tM s+~d p~~miu~ so insured, or fail b dsliwr promptly u+y of said policiss of insunnu to ssid MORTGAGEE. or fail promptly to psy fuHy any premium ther~for or in ~nY respett fail b qtfotel, dixMrge, ezecvt~, ~ffett, compkt~, comply with and ~bide by this covenant, a ~ny p~rt herwf, wid MORTG4GEE may p~+cr +~d pay fa wch inwranc~ w ~ny pa?t thereof w~thout w~lvinp w affectirp ~ny optiay lieo, puity, or ri9ht undN a by vktw of this Mwtyap~, ~nd rAe full amovet of each and ev~ry s~ch p+yrt~nt sh+ll be arwnsdi~tely dw snd pay+ble and s!?all bea intKeit from th~ dat~ thereof ue?til paid M tF+~ raM ol n~ne p~r c~ntum p~r annum and together with iucA inte.est shall be secured ksy tM lisn of this mat9ape. To pKmit, commit w wffer no wait~ impairment o~ deterioratan of said propKty a am put thereof. 5. To p~y all and sinpulu tM ~cwt~, chupes +nd expenses. 7ndudirg +?e+saWble attw~ey i fe~ and costs of ~bstracts of titl~, incuned o~ paid any time by aid MORTGAGEE, beca~ss a in the ~wnt of the failuro on ~he part of tM said MORTGAGOR w duly, promptly ~nd fvly pe~fwm, dhcharg~ execute. ~ffect. oomplet~, canplY w~tk snd abid~ by exh ~nd evcry the stipula~ions, ~yreaments, conditia?~, ~nd oovenanb of said promissory no» and thu mortpay~ aeryr w ~ither. +nd sa~d cwn, charpes and expernes, each and every. sAall b~ imrt~ediately du~ +nd p+yablr, whethe~ or not th~r~ be ~wKCe dr mand, an~mpt to collecl w svit pendinp; and tM fvll ~nount of each and every wch paymcnt ih+ll bea. inrerest from the date tMreof until p~id at the rate of nin~ per cenwm per annum; and all ssid cbsn, ch~ryas ~nd exp~nses incurrod w p~id. tope~F~a with such inter~st, sA~ll b~ sscured by tM ti~n of tlrti mortp~pe. b. TMt ja) in the event of any beach of this Mortysgt or def~ult on tFr part of the MORTGAGOR, w(b) in the event any of ~aid swns of morny herein r~fared 1o be not pra+?ptty and f~lly paid withi~ th~rty (30) days r+ex~ after the same seve~ally become due and p~yabl~. withou~ dem+nd or notia, or (c) in th~ ~wnt each ued tvery the stipulatioea, agrs~rne~n, conditioni and coven~nb of sa~d paniuory note ~nd tlas mortp+~e any or eithst +r~ no1 iuly, promptly and fully perfwmsd, d~scF»rped, exec~ted, effected, completed, compl~ed with and ~bided ~iy, then in either w any such ~wnt tM said ~ qreg,~N swn n+a?tia+ad in said promiuory not~ then ?em~ininp ~np~id, with interest scuued. and a11 moneys secured hereby. shall bec~me dw and pay~ abte forthwith, a tF~sahar, at th~ optio~ of s~id MORTGAGEE, ~s fully •nd tompletely as if all of the taid wms of money were orgin~lly stipubted to be psid on wd+ day, anything In said promiuory note w in this Mortyage to the contrary notwithstandirg; and there~pon or thereafter +t the option of •aid MORTGAGEE, w~thout notice o~ demand, suil at laa or in equity, 1FIQtlIOf! OI fF~lfNftH begun, may be proxcuted u if >II mon~ys s~wr~d hereby had tn~Wred prwr to ~n ins~irv~ion. 7. That in tht event that ~t tne beginning of or at any time pending aoy w~t upon this Mortgsge, w to foreclos~ it, w to refwm it, or to enfoio~ psyment of any claims hereunder, said MORTGAGEE ihall apply to the CouM havirg jurisdidion tF~ereof fa the appantm~nt oi ~ Receiver, svch Ca?rt shall fortFiwith appoiM a rcccive? of said mortg~ged properry all and singulu, intlud~rg aIl and sirgulai the income, profib, issues and revenues from whataver wurc~ derived. exh ~nd svery of which, it beirg expressty undersrood, is hereby mortgaged as if apecifically set forth and described in tht pramirg and habendum cbuses htreof, ~nd such Reteiver shall have all the broad and effective f~nct~ons and powen in anywise entrusted by • Court to a Reteivtr, ~nd ~ucfi sppointment shall be msde by such Cowt as an admitted equity and a matter of absolute rght to ssid MORTGAGEf, u~d withwit reierente to ths edeqvacy o~ inadeqwcy of the wlue of the prbperty mortgaged or to the sonrency a~nsolvency of said MORTGAGOR or the defendants, ~nd that such re~+s, profits, incane, issues and revenues shall be +pplied by such Receiver accwd~ng to the licn or equity of said MORTGAGEE ~nd the practia of such Gourt. 8. To duly. promptly snd fully perfwm, d'ncharge. execute, effect, mmplete, comply with and abide by each and ~very the stipulations, ~yreem~nb. conditans and oovenantt in said promissory note and this mwtgsge set fath. 9. That in the event the ownership of the mortgaged premises, a sny part thereof, becomes vested in ~ pason othe~ th~e~ the 1NORTGAGOR, the MORTGAGEE, Ns successors +nd suigns, may, wi+hout notice ro the MORTGAOR, deal with such successor o~ successor in iMerest with refera+ce ro this mo.tgage and ihe debt hereby secured in the same ma~ner u with Nbrtgaga wirhoW in a~y wsy viteatirg a discharging fhe Mortyagors' liability Mrr under w ~pon 1he debt hereby secured_ No sste of the Fremises hcrcby mortgaged and no fabearanoe on the pan of the MORTGAGEE w its wcusson o. suigns and ra exrension of tF?e time fa the p~yment of the debt hereby setured 9iven by the MORTC,AGEE or its successors w aui~% sfiall operate ro release, dixh+ry~, modify change w sffect the original liability of the MORTGAGOR herein, eithe? in whole a in part. 10. It is specific~lly agreed that time is of the euence of this contrsct and that no w~iver of any obligation here~rnder w of th~ obligatbn ~e- a,red hereby sh~ll at any time thereafter be held to be s waiver of the terms hereof w of the instrvment secured Ircrby. 11. (n add+tion to the forego:ng monthly payments of princ"pDl and interest required by tht promisso~y note secured hereby, mortgsgor tovenanri and ~grees to pay ta mortgagee with eath monthly payment an sddirionsl sum estimsted by mortgsgee to be eqwl b 1/12 of the annual cost of the fdlow- ing: A-All resl property taxes lev~ed or asxssed agai~st the above described real estate. 6-Premiums on fire and windstorm insunnce as herein reqv~red to be carried o~ tFm improveme~ts situate on tF+e above desvibed premises. ~ I~i C-Premiums on such mortgage gwranty insurance as mortgsgee shall from time to time deem fit to csrry on the ban secured Aereby. ' ~ ~I Mqtgsgee shall from time to tirrK notify mortgagor in w?iting of the amount due and payabk hereunder and such wm shall thereupon be due and ! payable on the due date of thq next monthly payment and exh successive month there~fter ur.til mortgagee shsll notify mortgagor of • change in wch ~ i amount. S~rth sums shall be applied by mwtysgee toward the payment of real proptrty tsxes, inwnnte prem:ums. ~nd morigage guaranty inswance I premiwM. ; IN WITNESS WHEREOF, the said MORTGAGOR has hereumo xt his h~nd ~nd seal the day ~rd year first ~foressid. tM presence of: ~ - ~o ~ n ~ ~ K--n ' STATE OF FtORIDA ~ s ~ SA i nt LLCi e ~ t defae me penonally appeared 0~ ~ ie C Ruehano and Vivian Buehanon his wife, to me well known and known to me to bs the tndividwb described in and .who execvted the fore~yoing instrvment, and ackrawlcdged before me that tMy executed the sams for th~ purposes ~he,~;n ~„p,esxd. ,4r,d tlx ,,;d Vivian Buchanon ~ wife o1 ths wid ~ll~@ Ci. Buchanon trpon a sepa~ste ~nd priv~» cxaminaYan by me tsken separate snd apah from hrr said husband, ~dcnowkdged to and before nw thst she exawted said inttrument freely and volur~ ~ tarily and withovt arqi compulsion, constraiM, ~ppreF~ension,,,,iy fear of or from Mr said hvsband. . LL my Mnd and officisl seal this - e~ day of 0. D. 19..L~.~ WITNE55 ~ ~ Notary lic in ~nd fa the Stat~ of Florida ~t lW~ My ~xpires: ~ Rehxn Ta. ~ Fint Federal S~vingi ~ losn Association c ~Lry fhCb,,,,O~f 1~O~idi it Of Fwt Pierte- ~OFO ~ ~ «m~a~~ ~~M^y~K ,6~ 1967y Fort Pierce. Florida ~~C QQ ••7 ~~~wM1/ y y~4 Y `,O ~ ~ . , `:.lti~~1lt~~:~ ~?\~.O . ~ ` . ~ 3 . ~ - ~ fG~ ~`~.~~M 9 ~ _ j~: : ' ; . i~ = \S`~ ~ . . ~ : : ~ f ~ • . _`y:~'.:s.., ~ ~ R~. : 2~ 143~ 4K --~::,-,~~...:;~k~'.=''~::... s _ ; ~ w ~ ~ ~ t . r~:~ , ~ •66 _ c , j ~ _ : ~ ~ ~ ~';3 ~ ;~~~~~~~~t. . , ~ f~R~, . QOG~ 2,~UC` ~,OP '#.y.~~, ~ O R.. ' . ' + ~ J...L~ J~ ~ ~~O ~.n~. - ~ . ~ ~ R ~ ~ go~K139 3~ ~ . . . ~s.~ ~ _ _ _ _ _ y:- ¢ . . , ~