HomeMy WebLinkAbout0056 To plac~ a~d conttnuovsly kNp on th~ buildinps now or INlNFfN s~twt~ on sa7d IMd and on ~II pvipen~nt and pKSOn~lly aovK~d br Mb nart~
p~, with all pranwns ther~on paid ie~ fvl4 fin intur~nu in tly usu+l sta~+dard potky iwny !n a swn ~pprowd by tAs MORTG/IGEE, ~nd wind~o~+n
i~swanc~ fn th~ uswl Nand~rd policy fam, in • sum app~ov~d by tM MORTGAGEE; ie wch campany w cwnp~niN p tM MORTGAGEE may
dinttt and ~II fin w+d wind~tam i~awano~ policiN oe~ a~y ot aid buildtnp~„ any tnt~nsl therein a p~n tMrwf. 1~ th~ ~pprp~t~ swn ~(o~qaid a
In ucqa ~henof, ~MII cont~in tM uswl sqnd~rd mor~~~ claus~ a such o~her cl+us~ a tA~ 1NortgsQN rnsY r~quin, n»klnp tM Iws ~ndN s+id po1F
cip, ~ath and swry, p~Yab1~ M said MORTGAGEE u ib intttqt may ~pp~u, ud ~ach u~d ~wry t~rcA policy ahall b~ pon+ptly ass:y~ed and deliv~nd tO
any h~ld 6y ~aW MORTGAGEE as iwtha~ sscwity to said morty~ dtbt. ai+d. n~ leu tMa t~n (I01 days in dvsnc~ of th~ eYpu~tion of sach policy. b dr !
liwr ro s~Id MORTGAGfE ~ rtnew~! thereof, topaha wi~h • receipt for ths pneniwn of such r~eKwalt ~nd tMn tMll ba no f'~n a wir?ditam ienwance ~
plaad on any of wid buitdinps. ~nY ime~at tMrtin w p~H tFKreof. unless to th~ forn?' ~nd with tM 1oa pay~bb as sfa~saids aed in dw ~wnt aey ~~?m ~
of mw+~y becoma par~bl~ und~r wch polky or pelic;~s wid MORTGAGEE sAall Mw t!w opt;on to r~piw and ~pply tM s~n~ m~a~nt o1 tM ind~bted~
ness sscw~d h~nby a ro peimit s~id MORTGAGORS ro reuiw ~nd w~ it u~ny parf thcreof fa o+her purposes, wi~houf thaeb~ waivi~q w imp~ir-
in~ anY pvity. Itan w iph~ v~ w by virtu~ of this mortpayet ~nd in tM ~wm s~id MORTGAGORS ~li iw u~y r~awn fail q ks~p the said pemises ~o
insu~ed, or fall b d~liva promptly ~nY of ~aid policies of in~unna ro said MORTGAGEE. or f~il promptly to pay futlr p~miwn'the«fo~ w in aehr
r~sp~ct fail w pKioc~, d'qch~ry~. ~xeNte, ~fhct. complet~. comply with and abid~ by this aovensnt, a ~ny psrt ha~of, sa~MORTGAGEE m~y pl~q ~nd
p+Y iw such 6nurano~ a ~ny p~n t!?Kwf witho~t waMiny or aff~ctlnp anY opNp~, U~, puity, w r'~yht vndK a by vi oi this Matp~p~. and tM
full ~nwunt of Nch and wKy s~rch p~~nt sh+ll b~ inwmdi~ttly dw and pyabl~ and sAill bssr inttre~t fran th~ d~h thenof until paid al th~ wt~ oi i
nin~ pK pntum pK annum and w9ether witA sucA int*rat sMll b~ secwed 6y th~ li~e~of thi~ matgp~. 6
4. To pK~nit, aornmit or suffe? no wat~, impa4me+N a dereriar~tion of said propNty or ~ny part tMnof. ~ i
S. To pay alt snd sinpulu fM.cats, charpei and expen~es, includinp • re~sonabl* attorney's fe~ ~+d awts of ~bh~ets of titl~. incwred w p~id ~t ~
any tirM br said MORTGAGEE, b~taus! o~ in ths ~wet of ths failur~ on the p+n of tM uld MORTGAGOR to duFy, promptFy ~nd fvlly pe~fwm, discMrg~ '
execvt~. ~ffsct. eomplet~. oomply with and ab'~!e by ~ach and every tM stipulatiau, ayre~ments. ooe~ditio% and oovenants of iaW pron?issory ewt~ ~nd ~hi~ `
mo.tOp~ +eY w~i~Mr, and ~aid cosn, chuqes snd expeews. e~ch and svery. sMll b~ imenediately dw and p~y~bbs whetM? a not tMr~ b~ norioi d~
n++nd ~tr~mpt w oolkct w wit p~ndi~gs and rM ivll anaunt of sach and rrery wd~ p~ymsm sMll bea. inter~s~ fran th~ dat~ th~reof unril paid at the
~ate of nitN per centum pet annw~; and all said cdsq, tFwQes and exp~nses iew.wred or paid, top~tMr with wch inqr~st. sMll b~ ~cund b~r tM Iwm of this
"+ortq+ye-
e. 71+~t in th~ went of a~ry bnach of thb Mwtyay~ w defwlt on the part of the MORTGAGOR, w(b) in tl+~ ~wnt ~ny of s~id sw~u of momy
herein r~fernd ro b~ not promptty and fulfy pa+d within thirty (30) days next ilter U+e a~ severally becan~ dw and payabb. wi~hovt d~m~nd w notice.
or (d in ih. •wnt •,ch a+d ~wry rh. sripulationa, •yr.en+enq. cond~tions •nd covan.nn of s+~d p?anis~ory note and th~a mortpap~ aoy a ~itl~ ~n no1
iv1y. prornptly and fu11Y perform~d, discharyed, ~xecuted, effected. compktec~ compl;ed wirh ind abided by. th~n in sith~? a any auch ~wnt ths said ~g
Qre~f! sum m~ntiw~td in said prOmisfOry note then ~emaini^y unP+id. wirh imerest acaued, a+d all mor?~ps a~cv~ed henby. ~MII becwa~ dw and Wy~
~ble fwthwitl~, or thereafter, ~t th~ option of said MORTGAGEE. as fvlly and completely as if all of the taid wms of nweky wen oripin~llr ttipvbted
to be pa7d on such day, anythirg in sa:d pranissory ~oM a tn tlus e to ths conn~ notwitMtandi
eaid MORTGAGEE, wi~hout notice w demand, wit ~t laa or in ~q~~phe~refor~ w thereah~r ~^d therwpon a thereaher at tM opiqn of
fY• b~9w+. may be prwetutad p if ~II mon~ys s~wrtd Mnby
had en~tu~ed prior to ib iratitutioo.
7. That tn the event that at the beginning of or at any tim~ pe~d;ng soY wit upon tha Matp~pe, a M fo?aclos~ h. or b r~fwm it, o~ fo ~nforp
~++~yTent of any diuna Mrevnder, wid MORTGAGEE sh~ll ~pply to the Court h~ving jurisd~ttion thereo( (w tM appo~mment of a Reteivet. wch Couit shdl
FortFiwith ~ppotnt s receiv~r of ssid mwt9s~ed property alt and iinputar. inctudmy sll snd singuiu th~ inoome. pof~ts, pwes ~nd revenues tr~n wAativtr
sovra daiwd, exh and wery of wh~ch, it beinp expreasly understood, is hereby mortg~ged p if spec~fiulty sct forth ad dewibed in th~ prantinp and
habendwn dauses hereof, and such Receivsr sh~ll INVe sll tM brwd and effettive fvnct~on~ ~d povvers in ~nywis~ entnnted by a CaM fo s R~ceiver, and
•uch appointment ~all be made by ivth Cowt ss an admined equity ~nd a rrwner of ~bsolute riyht ro said MORTGAGEE, and withoW r~ferer~ ro th~
adequ~cy or insdeqwty of the vslue of the property mat9sged or to the sonrcncy w insolvency of s~id MORiGAGOR a the defendany, u~d th~t wch
r~~. profits, incane. issues and rwenws sh~il be ~ppiied by sucfi Receive. accord~nq ro rhe lien or eqviiy o'~ aaid MORTGAGEE and ~ha padiq of sud~
8. To duly. MoenPt~Y ~nd fvl~Y Perforrn, d'ach~~gs, e,cscute, effect, compkte, ~omP~Y with ~nd ~Wde by e~ch snd wery tM sfipvlatiora„ +~e~nwnts.
conditans and coven.nn ie~ said promissory nore snd ~ha mw~9age ser fw~h. .
9. That in tM event the owncnhip of tl+~ mo~tgped prem;ses. or eny part thereof, becomei ve~f~d in a person other M~n tM 1140RTGAGOR, tl+~
MORTGAGEE, i» succeasors and ~u~yns, m~y, withou~ notKe to the MORTGAOR, deal with such wcce~sor a succes~or in intereat with refcre~ce to tha
mo.~gage and the debl I+creby ~acured in the ssme mamer u with Matgsgor witfww i~+ M+y way viti~tinp or d~schuginq Ihe MortQagors• Itability hera =
under a upon the debt hereby secvred. No sale of ~he premises F~ereby mort9aped aed eo ~abeawnce on tIK part oi ths MORTGAGEE or its successors
u ~uigro and no extension of the time fw the payment of the deb~ hsreby sec~red piven by the MORTGAGEE w in sucussora or ass;~~u, ifwll ops?~t~ ;
ro release, dachup~, modify chan~e ar effeu the original liabiliry of the MORTG/1GOR h~reiq, ~eth~r in whole a 1n pan. ~
10. It Fa spec:fically agreed that tLne h of the essenc~ of tha contract ~od tl?~t ra waivar of any oblipation her~uakr or of the obliyation se- ~
C1ifQd FIlfl~ ~INII it My TIIM 1~1lfNNlf be held to be ~ waiver of the te?ms hcreof a of ths irnavis~ent ~ecurad i~erby. •
11. In add~tion ro the forego:ng monthly psYments of princ:p~l and interest required by 1Me promiuory nole secyred hereby. mortg~gor covenanq
and agrees ro pay ro mortgagee with each monrhly payment +n add~~ional sum est;mued by mortyagee to be equ~l to 1/12 of the annw) cost of the fotlow-
'ng:
A-All real property t~xes kvied p assessed against the abov~ described real estate.
B-Premiums oe~ fire 6nd wiodstorm inswsnce as F+erein requ~red to be urried on the improvements sihrate on the above destribed pramises. ~
C-Promiurta a~ sv.ch mortgage 9varanry insu.ance as matgagee sFiall from flme ro t~me deem fit ro urry on the lo~n secvred hereby. .
Mortyagee thall from time to time notify mortgsgor in writing of the amwint due and psy+bk herevnder and s~xh wm shall tMerevpon be due and
payable on the doe date of the next monthly paymeM ind each succetsive month thereafter until mwtgs~ee sha11 natify rnortgago~ of a d»nge in wth
amount. Sud~ awm sha!! be applied by mongsgee foward the psyment of real property t~xes, inwrance prem:ums, and matgaye 9uaranty insur~nct
premiurtq.
IN WITNESS WHEREOF, the s~id MORTGAGOR has hereunto aet h;s hand and seat the day and year fint afw id ?
_,,Sip~d, ~ kd and ~!e ver~ ir~f~ir~ of: ~
~ ' . ~I~ ,
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STATE OF FLORIOi/?? ~
COUNTY OF - - t . LL] _ ~ A # •
e.~o.. ~,«~.uy ~~.~.Qa W. A. ~l ~~~h~Pr ~ -
I d e l l a 1 q L1 P~'1 t P1+ his wife, ro me well known ~nd known to m~ to b~
tM indirldwb d~scribed io and who executed the fore9oieg initrwneot, and ~cknowlcdped befwe ms tlwt tFKy exewted th~ sams tor tM pwpows
~e~+ w~•~. ti?a rh...~ Idella C. ~lau~hter
wife ~r r~...~a W. A. ~lAUPhter
e~amination bp m~ taken separat~ and ipi» fran her ssid aduw~ed~~d b and befw~ rr~e thrt sM s~wNd said imtrumant +t~ aed volwr
taril and wiflfoul f~Y )
Y uqr con?pv~+ion, cautr~i~t. ~PP~~~i~~of w from hM said lwsb~nd. ~ , ~
WIiNE55 my h~nd ~nd official seal this day of A. D. 19~l._ `
~
~ Noury Public in ~r?d for the Stat~ of Fbrida at Larp~ ~
Retwn ~a. FIL N?Y Comm~u+on ~xpue~~~1F t
/I'~~+cisY
f~..t F.den~ s~wnq: a to,~ ~ N D R
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0 R~ 0 0 K /J- 3-~0 ~ ~S E~i ~[ar
Of Fotf Pierte. ~jg-
Fort Picrte. Florida `~~~~~r~y~~` y~+•:"~ f+~-~ i ~
o . j 969
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ST. LUCIE COUNTY. . ~
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