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HomeMy WebLinkAbout0556 To pl~c~ +nd continvouily k~p on ths buitdinpf now a hereafta titvat~ on taid iand snd on all equiprntnt ~nd ptnonally tover~d by thi~ motp~ ~g~, w~th all premiur+it thereor? pa~d in f~ll, tir~ inswance in the usw~ tundard policy fam, ~n a ium spproved by the MORTGAGEE. ~nd winds~wm inswanc~ in tM viu~l ~tandard pot~cy fam, in e sum spproved by tM MORTGAGEE; in svch tompa~y w comp+n~ei as tM MORTGAGEE ~+ay d'vatt ~+d a0 fu~ u+d wEr?d~torm insu~ann poliues on aey of iaid build~nps. +ny int~rest therein or part Ihe~eof, ie tl+~ a~qrcpau wm afw~~aid or In ~xass thtreof. ahall contain tbs uswl ~t~ndard mort9ages cl~~se or tuch otha clavie ~s tM Morty~ye~ may rpuir~. makinp ~M lou undN uid poli~ cia, aach u~d ~wry, p+Yabl~ ro said MORTGAGEE as its in~e~eit may ~ppear, snd each ~nd ~vay ivch policy shall be promptly +u:9o~d u+d d~tivercd to •ny Mld by said MORTGAGEE ~s iunher s~curity to s~id mortyap~ debt, ~~d. not leu tMn ten (10) days in sdvanc~ of the expir~Ywe~ oi asch pol~cy, ro dr tiwr ro ~sid MORiGAGEE a renewal thereof, topetMr with ~ receipt fw the pnmium oi s~ch renewsl; and ther~ ~hall be no fin w winds~am insuwnn pl~ced on u~y of aid buildinps. ~ny interest therein a part ths~eof. unleu in th~ (orrri ~~d with ti+~ lou payablt ~s s(ores+id: and in the ~vtnt ~ny surr? of nanty baana pay+bte u~de~ such policy or polici~s t~id MORTGAGEE shall hsw th~ optio~ to receive snd apply tht samt on accouM o~ ?M ird~bted- n~q yecy~~d h~t~by p q pe?mit s~id MORTGAGORS to reteive and uss it a any part thereof fa othcr purposes, without therFb/ waivi~y w M++pai~- inp any puity, lien p right under u by virtw of this mat~~gr, ~nd in tM ~wnt iaid MORTGAGORS shall iw any ~eason fail ro keep tht ssid prtmises w insured, w fail ro deliver promptly any of said polKies of insunnce to said MORTGAGEE, w fail promptly to pay futly any premium tAerefw w in ~ny reipect f~il w ps~foce~, dlscharge, txecuts, effett, tamplete, comply with and ~bide by this covenant, a~~y part hereof, said MORTGAGEE may p~+a +nd paY fa auch inwranc~ w ~ny part tMreof without walvinp o~ ~ffactinp any opian, lan, equity, or right undet w by virtw of this Mort9spe. ~nd ths full sinwnt of eath u~d ~wry wth p+yment shall be immediately dw snd pay+bl~ and shall be~ int~res~ from tM daq thereof until paid M tM ~att ol nine p~r cee~tum pe~ annum ~nd together wi?h such interest shall be secured by the lien of this matpa9e- 1. To p~?mit, commit ar suffer no wstro, impairment or detaia~tion of iaid propertp o~ any part thereof. S. To pay all and sinpul~r the.costs, clwpes and expe~ses, including a reasonabtc utwneyi fee and tosts of sbstracts of title, incv?red or piid +t •ny time by s+id N10RTGAGEE, because or in tAe event of the failure on the psrt of the said MORTGAGOR w duly, promptly ~nd fully pe~fam, diuhuyR ~ execute, eifect, oomplete, comply w~th and ~btde by e+ch and every the sYRwlat~ons, agreements, conditwns, snd covensnn of ssid promiasory note and ihii monyape ~ny a e~~her, and sa~d cosn, charqes snd expenaes, esch a~d every, iMll be immedi~tely due +nd p+ysbte: whether a not there be not~ce da msnd. attempt to colkct w suit peoding; and the fvll amount of each and every iuch p~ymem shatl bear inre~eit from the date the~eof until p~id at the rare of nine per cenrum per amium; snd all iaid costs, charges and expenus incurred or paid, together with suth intertst, shall b~ aecwed by 1M lien of thia mortp~~. 0, 1l+at in the avent of ~ny breach of this Mwtgsg~ w default on the paA of the MORTGAGOR, w(b) in the event ~nY of s~~d svms of money he~ein referred to be not pramptly and fulty paid within thirty (30) days next af~e~ Ihe same uvaally become due snd payabk, witFaut demand w notice, or in tM evMt exh and every the stipulations, agreanents, co~ditia+s snd coven+nrs of ia~d p~omiuory ~ote +nd thi~ mortg~ge ~ny a ei~her are no1 iuly, promptly and fully performed, discharged, executed. effected, completed, complied with and abided Sy, then in either w any such event the s+id ag yregaft wm ment'aned in ssid promissory rate then remaining unpaid, with interest atuued, and all moneys secu~ed heteby, shall betome dw and psy able fathwith, or t}~OfNffN, at the option o1 ssid MORTGAGEE, as fvlly and completely as if all of the said sums of money were aginally st~pulated to be paid on t~ch day, anything in sa:d promiuory ~+ote a in this Matgsge to the contrary notwithstsnding; and ~hereupon or thereafter a~ the option of said MORTGAGEE, without notice w demand, wit at larv or in equity, therefore w thereafrer begun, may be proxcuted as if sll mo~ey~ secured hcreby had matured prwr to its inttitution. ~ 7, That in ths event fhat at the beginning of a at sqy dime pending aoy suit upon fhis Mwtgage, or so fwectox it, a to refwm it, w to enforte payment of any cla~ms FKreunder, said MORTGAGEE sF~all apply to the Court having jur~sd~uion tF~ereof for the appointmer?t of a Receivcr, such CouA sh+ll fortFiwith appoiM a receiver of said mortgaged prope?ty all end singular, includmg all and si~gulu ~he income, profits, iuues and revtnues from whatever wurce daived, Nch +nd every of whith, it beinp exptessly understood, is hereby mortgaged u if spetiiically tet iorth and desctibed in the y~anting and habendum davses hereof, ~Ad ~iuch•Receiver shall have sll the broad and effective furxnons and powcrs in anyw~se emrusted by a Cou~t to a Receiver, and •~ch appoir.tment shalt be`made bywcd'j,qurt as an admitted equiy and a mat:er of absolute right to said MORTGAGEE, snd without refe~ence ro ths adequscy or inadequacy.of the valve of. the popery mortg~ged w to tFK soirency er insolvency of said MORiGAGOR or the defe~dants, and that s+xh rems, profin, income, isi~es and revenues shall be spplied by such Receiver accord~n9 to the 1'~en or equity of said MORTGAGEE if:d tI1C PfKtiCQ Of iUCA GouA. 8. To duly, pranptly ~nd fully p~rform, discharge, execute, effect, complete, comply w~th ~nd sbide by e~ch and every the stipulations, a~reemenri, conditans and covenants in said promissory note and this mortgsge ut fo~th. 9. That in tl+e eveM tF~e owMrship of the mortgsyed premises, or arsy part thereof, becomes vested in a penon other thsn the MORTGAGOR, the MORTGAGEE, its successon snd assigns, may, without notice to the MORTGAOR, deal with such succeasw or successor in interest with re(crence to thia mo~lgsge and the tkb~ heteby secwed in iht same manner as with Mortgagor without in any way vitiating w dixharging the Mortgagors' liability here- r under or vpon the debt hereby sec~red. No ssle of ~he premises hereby mortgaged and no fwbearance on the part of Ihe MORTGAGEE a its successon or assigro and no extension of the time for tFK paymem of the aebt hereby setured yiven by the MORTGAGEE or its i~ccessws a auigns, shall operat~ to release, d~schsrpe, modify ch+nge or affect fhe wiginal Ii+bJ~ty of the MORTGAGOR herein, eithe? in whole w i~ part. 10. It is spec~fically agreed that time is of the esxnce of this contract and that no w~ive? of ~ny oblgauon hereunder or of the obliystion st a,red hereby shall st ~ny !ime thereafter be held to be a waiver of the terms hereof a of the instrumem secured herby. 11, In addition to the fwego:ng mo~thly paymeMS of princ'pil and interest requirtd by the prumissory note secured hereby, mortgagor covenanfs , and agree~ to pay to mortgagee w~th each monihly payment an sddhional sum esrimated by mwtgagee to be equal to 1/12 of the annual cost of the follow- ing: A-All real prope?ty taxes levied o~ assessed agai~st the above desc?ibcd res! estate_ j B-Premiums on iire and windsrwm insurance as here~n requ~red to be carried on fhc improvements situafe on the above dewibed premises. ~ C-Premiums on such mortgage guaranty insurar~ce as mortgagee shall irom t~me to time deem fif to csrry on the ban sec~red hereby. ~ Mortgsgee shall from time to time notify mortgagor in writirg of the amount due and payabk hereunder and such wm shall thereupon be due +nd payable on the due date of the next monthly payment and each successive month thereafter urtil mortqsgee shall notify mortgagw of • charge in such ~ amounl. Such sum; shall be applied by mortgagee toward the payment of real propeAy taxes, insurance prem:ums, and mwtgage guaranty inwrance premiumt. t IN WITNE55 WHEREOF, the said MORTGAGOR has hereunto at his hand snd ual the day ud yesr ess' ~ ~livaed ' o • ~ ' n n ~sN~ cs~•n STATE OF FLORIDA ~ Saint Lucie covwn oF . . eefae me penonally sppeared C+ J. Crf at ~nd ' Irene Crist his wife, to me well known and known to me to b~ the individwls desuibed in and who exetuted the fwe9oing instrument, and acknow{edged before me that they executed the same for the pwposes rh~,N„ Q~a~a. ,~„d r~,..~;d Irene Crist wife ot fh~ said C: ~ eT~ Cris t vppn • separ~te and priv~t~ examin~tion by me bken sep~rate and spart from her said husband, xknowledged to and befwe me that the ezecuted said instrument freely and vdvrf rarily ~nd w~thout uyr compultion, constro~m, appreF~cnsion, w fear of a from her ssid hu~ba~d. , - WITNESS my FMnd and offici~l seal this !1-th day of =~$rdh " A D. ~v 66 ; ~ ~ 7;~^ Notary Public in ~nd for t!x St te of Fbrida ~t lsrpe k My Commisiwn e:pres: ~ aen,?~'Ta. F~lED ANO RECOROE p~~~~3/`'~~ ~~~~`a `t ta'yE ~ fint Fedenl Ssvings b losn AssociaYwn ~ Of Fort P~erte_ {N.__~'~.I' n~,,,,w,~ ~V 1Np Com~:issica Exp.res ~s~. 3, 196~ ' -R~.ttffH-~ O O f~ ~wd~d ir A.~rr.sw fi• i GwYry ~ Fwt P~erce, Flwida , ; 't / • ~ ~ _ 6 MAR 4 PM 3 : I 5 ~ ~ - % ~ ~ ~ ~ ~ ' 143~(?~ ~ , . , ; . . ~ - . •r~ . ROGEit F'i.J, i i ' CLERK l , ' _ . ST. LUCIE COUNTY, ~ ~ . ~ " FLORIOA v ~ t~ : - . n. _ . L~, _ ~ . ~ ~ - . ~ R s~~ - . . . . i ~ - B001(~th7 , _ . ' . i`A~I ~ . ~ :z { j s, ~ - . - _ . . . - ~:t 4 " . . _ _