HomeMy WebLinkAbout0970 3. To plau and contin~ously keep on tM bvildinps now or ~eaitM wtu~~~ on said land and on all puipment and pNfonaily covM~d by thit ~p~
p~, wi~h all pr~miv~ IMreon pa~d in full, firo uuvranc~ in the u~wl st~~dard policy fonn, ~n ~ ~~m approwd by t!N MORiGAGEE. u+d wie~tam
inwru~c~ in tM ~swl ~tanda.d pol~cy form, in • svm ~pp?ov~d by ~M MORTGAGEE, in such comp~ny a compa~i~s as tM MORTGAGEE m+y
dinctt u~d all fK~ ~nd w~rorm insurana polici~s on any o( a+id buildcnys, afly ifUKfit tINMiA O? pift fFlttlOl, in ~M ap9rep~q wm afor~iaid o~
M uccns thenof, sh+ll contain ~i+~ wual ~~andard mort~ap~~ clavse a sucfi o~hK c1avN u tM Morty~pe~ may rpv'u~. m~kinp th~ lou w~dN uid pdF
ci~s. ~ach ~e?d twry. WY~bI~ q faid MORTGAGEE a in intaest may appaa~, and each and ~very suth policy shall bt p~omptly ua:9nsd ~+d deliwred to
~ny MW by s+W MORTGAGEE as iwther securiry to said mw~p+y~ debt, ~nd, 1Wf (~ti 1hM tM (IO~ ~ys OE tM Ncpir~tiOn O} ~ach policy. to d?
livM ro said MORTGAGEE a ~H+ewal thsrwf, top~rAK with ~ receipt for tAe premivm oi s~ch r~new+lj and ~F~e tl++Il no fi?~ or windstam Inswanc~
plaad a+ ~ny of taid b~ildinps, ~M? inter~st tMr~in a ps?t thKwf, vnless in tFK fomi and with tM lou pay~ble u afwss+idt and ir+ tM ~vent a~y sum
of rtwn~y becana p+y+bh vnd~* sud+ Poliey a policiN said .,JRTGAGEE sl~all h~w tM oprion to recsiw and apply tM sarM on aaowH o~ tM ind~bted~
e?tss sscvnd hKtby ot b permit said MORTGAGORS ro receiw and v~e it w sny p~H tlxreof fa othe? pu~poset. without thNeb~ waivi~y w impair-
~r,p ~nr q~~ry, liu~ o~ rghl w+de~ a by virtw of this mottp~pti W+d ~ th~ ~veM s~id MORTGAGORS sh~ll fq uiy reason f~il w ke~p ~he s+id prNnises w
inw~~d, w fsil w d~liver promptly a~y of said policies of insursncs ro s+id NIORTGAGEE. w fail promptly to p+y fvlly any premium thcrefa w in My
r~sp~ct fail b pafam, discharge, execute. ~ffect, canptNs, comply wirh and abid~ by this covenant, a ae?y psrt hKeof, said MORTGAGEE may pl~u and
p~y fa wch imwanc~ o~ ~ny pKt fl+~reof without waNinp a ~ff~ctirg any option,. lien„ puiy, u rghl under or by virtw of this Mat~p~, u~d tM
full unount of e+ch ~nd ~w+y such paymeM sh+ll b~ M~di~t~ly dw and pyabl~ ~i+J sMll be~r intera~ from tFw dats therwf vntil p~id N th~ raq of
nirr pN ta?tum pK annum ~nd together with such intaest tMll be secvrcd by tM lien of this mort9+~-
To pKmit. comrnit a suffar no wait~. hnp+irmcnt w deterioration oi ~id propKty w~ny put tFwr~of.
S. To par ~II and sinputu th~.costa~ ch~ryas u~d e:penses, includ:~g ~ reasonabk +»wney's fe~ +nd co:ts of abstracri of title. incurced or paid at
~ny tim~ by iaid MORTGAGEE, becavs~ w in the ~vent of ~h~ failw~ on ths put of tF» s+ld MORTGAGOR ro duly, promplly ~nd fvlly perform, dix!?uy~
execute. effect. comptet~. oanply with and ab~de by ~ach and every tM stipulatans, agreements, conditions, ~nd cown~nts of said promiswry not~ snd ~ha
monyap~ u?y w e;~hsr. and said cosn. ch~rges u~d expenars. each and ~very, tMll be immediately dw ~nd p~yabte: whetha w not there be notici dr
mand, ~n~mpt w colkct or arit p~~din9: u?d tM full snwunl of esch ~nd every such payment sMtl bea? inter~s~ fiom ths dai~ thereof unlil p~id at tl+~ ,
rate of ni~e per anwm per aruwm; ~nd all said cdits, charges and expenses innured or p~id. Iogetlwr with such interest, ~hall b~ s~cur~d by tM lien of thu
mort~+?~•
e. iMt in tM evenl of aqr bresch of this Mwt~sp~ o? def~ult on tl+~ psrt of the MORTGAGOR, w(b) i~ the went ~ny of s~~d wms of mon~y
he..in nf~.r.d ro b. na p.anpny and fully psid within thirty (30) days r?ext afta the iame severally become du~ snd p+yabl~, without dem~nd a notice.
or in tM ~wnt each and wery ~M stipulatiom, a9nemenn, conditions and coven+nts of ~a~d promissory nore and th~s mort9ap~ any a ~irher an no1
ivly. Pro~ry u?d f~iy P..fo~med, d~uMrged, execv~ed. efficted, completed, complied with ai+d abided ~iy, then in ather w any ~uch ewnl th~ said a~
prey~b kan mMtiorwd in qid prom~uwy not~ then csmaininp ~npaid, with inferest Kuued, and ~II moneys satured hertby. sMll beswne dw ~nd p+y-
abl~ forthwith, a tMrsafte~, at t!x option of ssid AIIORTGAGEE, ~s fully and completely as if ~II of tF?e wid wms of mon~y were wgin~lly stipulated
ro be psid on such dsy, anythiny in ssid pron?iuory note or in ihis Mortysge ro the contrary notwitluundinp; and thetevpon or there+fter ~t tht oRYwn of
said MORTGAGEE• Wi!IqU1 fl0tit~ or demsnd, suit at law or in p~lty, thereforo w tFroreafter be9un, may be prosecuted ~s H all moneys s~cvr~d lweby
had m~twed prior to its institution.
7. That in th~ went that at the beginning of w ~t any time pending ~oy wit upon this Matg+ge, or to fweclose it, or to refwm it, a to enfwe~
paym~nt of +ny daims hereunder. said MORTGAGEE sh~ll ~pply to the ~ouA having jwisdiction thereof fw the appo~ntment of a Receiver. such Covn shall
FortFiwith appoint a racerver of said mortgsged property sll and sinpular, inctud~ng all snd singulsr the income, proiHs, iuues and reven~es from whstever
wuru daived. txh and ~vcry of whith, it beiep expreuly understaod. is hereby mortgaged u if spet~iically set forth ~nd destribed in fhe 9rantinp ~nd
hab~~dwn davt~s hereof, and such Receive? shall h~ve atl the bro~d and effecrive funct~ons and powera in u~ywise antrusted br a Court to ~ Receiver, ~~d
•uch ~ppointment shall be made by wch Court as +n admitted equity ~nd s m+ner of absoluta, ri~hl to said MORTGAGEE, u~d without roterence ro the
edeqvacy w inadequacy oi the value of the property mwtq~ed w to the sonrcncy w i~wlvency oi wid ARORiGAGOR w fhe defendann, and that such ~
renrs, profits, incoms, iss~es and rwenues ahall be applied by such Receiver accordinq a ths lien or puiry of said MORTGAGEE and the pracriu of such
Court.
8. To d~ly, promptly and futly perform, diuha?g~, execute, effect, oompkte, comply with and abide by exh and every the stipvlations, agreemenb,
conditant and covenants in said promissory note and this mortgsge set forth. -
9. That in tM event the ownership of the mortgsged premises, w a~y p~n thereof, becanes vcsteil in a person other thsn fhe MORTGAGOR, the
MORTGAGEE, in wcussors ~nd suiyns, may, without notite to the MORTGAOR, dtal wifh such sutcessa w wcceuor in it+terest with reference to thia
mortys~s and the debt hcreby secured in The ssme manner ss with Mortgsgw withovt in sny way vitiatirg q diuhargirg the Mort~agors' liability Mre-
vnder or upon the deb~ hereby secured. No s~le of the p~emises hereby mo.tyaped and no (abeara~ce on the paN of the MORTGAGEE or its succesiora
w ~uig~u and no extensioe of the time for the p~yment of fhe debt hereby secured 9iven by ~he MORTGAGEE or in successors w assipns, ?hall operatt
to r~kau, discharp~, modfy ch+nps w sffect the wigin+l Ii~biGty of the MORiGAGOR herein, ei~ha i~ whole a in part.
10. It b speaficslty ap~eed that tHne a of the esse~ce of this comr~ct and th~t eo wsiwr d any oblgatan here~nder a of tl+~ obllystion se-
a;red Mrtby shalf ~t any time theroahar bs held to be • waiver of the terms hereof a of tha instrument securcd herby.
11, In add~tion to the forego:ng monthly psyments of princ:pDl and interest required by t!x p~om~s:ory ~ote secured hereby, mortgsgor covensMs
and agrees to p~y ro mortgagee with each monthly psyment an sddi~ional sum estima~ed by mort9agee to be eqwl to 1/I2 of the annval cost of the follow-
~ng:
A-All real property taxes kvied or assesud against the +bove described real estata ~
6-Premiums on fi~e and windstorm inwrance as herein requ~red to be urried on the improvements sitwte on the above described premisa.
! C-Pnmiums on such mortgage 9wranty ins~rance +s mortgsgee shall #rom t~me to time deem fit to u~ry on tfie loa~ secured hereby.
i Mpty~gee shall from time to time notify mortgago~ in writiny of the amount due snd paysble hereunder and such wm shall thereupo~ be due +nd
~ payable on the due date of the nezt monthly payment and exh successive month thereafter until mortgspee sh~ll notify mortgagor of a change in such
~ amount. Such svms shall be epplisd by mortysgee toward the payment of real property taxes, inwr~nce prem:wns, ~nd mwlgaye 9uaranry ~aursnc~
~ p~emiums.
IN WITNESS WHEREOF, the s+id MORTGAGOR has hcreunto set his hand snd sesl the day u~d year 'nt afore~aid. ~
Siyn~d, Ssaled ar?d delivered in the presence of:
a~
n
n--n ?
STATE OF fLORIDA ~
~a,~ ~ S t. Lu c i e
6efo,. „w P.,,a,;ny ,ppe„ed L 1 ov d T a~• 1 or ,nd
C 1 o t i 1 d e 1'' . T e y 1 o r his wife, to me well known ~nd krwyvn to me to be
~
~ rhe Gdividwb described in and who ~xecuted ~he fore~oin9 instrument, ~nd adcnowled9ed before me tiut they executed the sam~ for tf+e pwposes
~~,~~.,~p,.,,.d. ,y,d,~,. ~;a Cl~tilde F. Taylor
wife of th~ atd L 1 Oy d T 9 ~ 102' , upon • sep~rate ~nd priva»
examin~tiop br m~ take+? sepsrate ~nd apart fran her said husb~nd. ~cknowledped ro and befort rr» that sl+~ executed ssid '+nstrv~r~t freely and voluer
tarily ar?d ~ril[iout•~ryr conpulsion, cor+straint. ~pprehension, fesr of or fram her said FNraband. ~
E~~~
t~d,and offiwl seal thi: /•4~ ~ day of HI'C~ D. 19 +
=~.~kT~ -
~ s' Noary Pvblic in M+d fa the Stah of Florida ~t lup~
~ O q i. t;~ ~ My Comrniuion ~xpires:
~ ~
1'
r a f~leral ~ loan 7 l t w c
i atao ~~Ery p(~gL1C STATE of FIORIDA ~t LARGE
N.~ ; t~. c~; r~.u. . Fll N ECO DED
1i1Y COMMISSION EXPIRES SEPT. 8. 1~57
Fort P3etce, f~o.~d~ !N_ ~oMOCO n~~o~oN seEO w. o~esTCU~aru[
••~i ~`y :j%? . ; _ ~ B OOK ,
. . .~`~,~:t u~lil~l~. % t. ~
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MAR I S PN 3: 4 7
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`U ' ~~3 J t-'- ~ Qr~ ~0 14356~
_ : : - _ GER f'GI~iP.t.S. CLERK - ~
= ST. LUCtE COUNTY,
= _ f~ , _ : FLORIDA ~ E
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