HomeMy WebLinkAbout0207 To pl+a +nd continuwnly kNp oe tM buiWinps now a Mr~+fa. ~iw~t~ on s+W land ~nd on ~it puiprn~ot aed pK~w+~tty aowr~d by thN
g~, vrith atl pnmiuns tMr~a+ paid in futl. tin iniurane~ in ~1v viwl s~andard poliey fpin„ ~n • wn? approwd ~r tl+, MOkTGAGEE, ~ew! w~~i~
ua~xa~a in tM wual uanda~d policy forrn. in a wm ~pprov~d by ~M MORTGJ?GfE: tn wch company a comp+ni~a a ~h~ MORTGAGEE ~y
dir~ct~ ~nd ~It fir~ ~nd wind~w.m kiw~ano~ poiici+~ on +ny of aid bui~dt~. ~+~y intenst tMnin a pi.t tM.wf. M tM ~pprqsa wm ~f«naW a
1n uctsu tMhef. ~Mll conub? tM uswi ~tandwd mon9spN claua w such alwr dauw a tM Mor~ypM nwy nqv~n. ~kMq tM loas w~d~r s+id po1F
ciN. Nch and wKy. p~Yabl~ a uid MORTGAGEE a in int~res~ maY ~ppNr. and ~ach and twry such policy shali b~ p~a~+pNp aa:qMd and dNi+re~~d to
any MW by asd MORtGAGEE ~s fur~A.r ucwtq ro a;d monp~Q~ d.b~, ~~d, not IKS tl+w+ t~+ (101 day~ In ~dvana'of ~M ~xpir~tion of wch poticy. to dr
liw? to ~aW MORTGAGEE ~ nerw~l ~t?awf. wpal~u with ~ ree~ipt fo~ tM pnmiwm ot wth rNyrwdj and tMn shall ba no fin w wie?d~tam inswa~p
pl~ad on u+y of wW buildiiqs, u~y iMaest tMrein a pui tMr~of, w+kse i~ rM iwm'and wlth th~ bss pay~bl~ ~s ~for~ssW~ and in tM ~vM1 ~rqr ~wn
of naewy b~epn~a p~y~bl~ vnd~~ weh poliey or policies said MORTGAGEE shall h~w dw optan ro naiw wd appfy. tM tae~ on acoounl d tM Ind~bred~
n~ pcw~d Irnby a~o p~rmit saiel MORTGAGORS w rea+v~ and us~ if a my puf ~Mrwf (a o~he. pu~p~ss, wi~hout ~haeb,r waivinp w impair-
tnp any puiry. ItM or riphr w~dn a by vtr~w oi rhh mw:p.p.j and tn ~M •ven~ ad MORTGAGORS sh+ll fw any r.ason f•il ro k..p th~ aW pnmis.s w
inurnd, w fall b ddivK praeptlY ~ny of aid polKka of inwnnc. ro sad MORTGAGEE, a f~il prompty to p•Y fv11y a~y pr.rnh,m thK~for a in ~nr
r~sp~cf fail a pKfomn, disch~r~. execut~. ~fhct. complrf~. compfy wiM and ~bid~ by this cownanf, w any pan Mrwf, s~id MORTGAGEE may plac~ and
p+Y fa wch Mawano~ or any paH tl~eof without ws~vinp or ~ff~ctinp ~ey optio~, li~n, puity, a rpht vndK a by virtw of this Matp+~. +nd tM
full amouet of each ~nd w~ry wch paymK?1 ~MII 6~ eenwdiat~ly dw and pay~bt~ N+d sh~il b~x intKN~ from th~ daM thereof vntU paid N tM ab ol
niM pN oMtwn pN ~rnw~m ind fopether with wch interaf sF~ll b~ s~cwed by Ihe IiM pf tNs 1no~rt9p~• ?
1. To p~rmit, oommit or wfhr no wasN. imP+irme~t a d~teriontan of uid P?oP~+b a+~Y P+M tMrwf-
S. To pay all ~nd sMq~rlar tM ~coan, chupp ~nd expens~s, inclvdinp • nasombb ~ttan~y'a f~s and aosn of ~bsr..c~a of titN, k?cwnd w paW
~ny tim~ by taid MORTGAGfE, b~cws~ or in tM ewm of tM taiivrs on th~ p~rt of tM aW AAORTGAGOR w duiy, p.anprly a+d fvlly pKfw~n, d~schar~;,
~xecut~. ~ff~d, compbt~, comply with ~nd abid~ by ~ach and every tM ttipula~ion~„ apretm~nts, oonditwm„ and oow~wnn of s~id promi»ory ewN and thq
~natq+p~ u~y a N~M.. and ud costs, chu~ and ~aperrei. sach ~ewl ~very. :h.u b. ~nn+.d~at.ly dw .~d p.y+bl.s wMrh.r a. na rMn b. no~ici d?
mand, Nt~mpt w eolbct or wit p~nd'ugj and th~ fvll arrww~t of ~ach u~d s•wy aucA paymMt sh~ll b~a? inte~~st fran tFN dat~ thK~of w?til p~id ~t the
rate of nirn per cenwm pK wrwrn; and NI s~id t8st~, chu~es and expensea incurred a psid, topNlw with wch int~r~at, sMll b~ qcurtd by th~ Iwn of Nw
~W~- i
6. TMt (a) tn tM ewnt of any br~ach ~ this Mort~ape or delavlt on tFr put of th~ MORTGJIGOR, or (b) in th~ ~wnt ot wid svna of nw~y
hK~in nhrr~d ro be no1 promptly ~ex! fvlly paid within thirty (30) days ntxt afte? tl+~ sam~ ~ever~llr becant dw u~d payaW~, wi~hout dumed w notity.
or W in tM wMt ~ach and ~wry th~ stipulatioea, ~resments. oo~elitions ai+d eoveiwna of said pranissory not~ and this map~ any a ~i~har u~ ~w
i„~r. w~Mh ,rd f„~h v«fw~+.d, dwchar~ed, ~xecu~ed, eftecred, con+Pl~~ed. comPl~ed w~~h •nd ab~ded by. tlwn in ei~Mr or an~r such ~wn~ th~ s~id ap~
pre~t~ wm m~ntioeNd in ~aid promissoty ~wtt thee remaini^p unP+id. wirh intatst ~ccrwd. and atl moetys seturd htr~by. sMll Mcwn~ dw ux! P+r
•b1~ fptllWiMy p flNfNftN, ~t tM oprion of said MORIGAGEE, u fully ud compl~tey u if ~II of ths ~aid wms of nan~y vren a~pinally stipulated
ro b~ paid on wch day. ~nytNnp io s+id promiuory note a tn this Mortpsge to tM contrsry notwithstandinp: and ther~~ipon a thet~ahN at 1M op~ion of
said INORTGAGEE, wittaut nw~u or d~m~nd, wit at I~v~? a in puity, ther~fore or fhereaher bsywy ma~ bt p~o~ecuftd as If all mon~ys s~cw~d Mreby
h~d matur~d piw to in institwion.
Thaf M th~ ~ver?t ti+at ~t the beginninp oi a ~t a.~y tima pendts~ aay ur~ u~an shis M.~z~~~, e• *g f~.e~4+s~ N, or b roform it. o~ fo ~nforq
psymant of a~y di~ms ha~w~der, s+id MORTGAGEE shall ~ppty to the Court luvinp jwisdiction therwf fa th~ appwnl.•.~tnt of a Rec~iva, wd+ CouH shall
?ai}iWFi~Y ~ppv:ni i tK~rsit 8f iasd rtsOtipi~ta ptOgiYlY LII 3irt~Wle/. i..ctvd~r~g atl .nd s;ngulu ~he incan~. p~ofits issws ~nd revenves iran what~vK
souro~ dKived, each and ~very of whKh, if beieg expressly unders~ood, is hcreby mongaged as if spec~tiully s~t fwth u+d dacribed in tM yrantirq and
h~b~ndwn da~s~s h~r~of. snd such Receivq shaN have aN tF~e broad and eNectiw funct~oen ~nd powera in anywise entnated by a Cowt to a RsceivK, and
such appointnwnt sh~11 be mad~ by such Court as an sdmitted equity ~~d a m~tter of ~bsdute rigM ro said MORiGAGEE, and without roftrence to ths
adequacy or inadequacy of th~ wlw of the prcperty mwt9~ged a to the sonrency w inwlvency ot aaid A~pR~GAGOR a tM d~f~ndann, and tlut such
renfs, profits, incomt, itsves ~nd rw~nues thall bt appliad by wd~ Receiver ~tcwdinp to th~ lien a eqvity of ~sid MORTGAGEE and ths
Court. Practic~ of wch
S. To duty, promptty snd fvly perform, d'acl.uqe, execute, effect, ao~nptete, compty with and abid~ ~ad~ ~nd ~
candiYam aod oovenana in said promasory not~ ~nd ~ha mort ~ vs~Y th~ ttipulatiora~, ap~e~na~ls.
Qsg~ set fwlh.
9. That in the event the oMrt~ersh7p of the rnortQsped premises. or any p~rt thereof, becanes wsnd in • p~non otlw than the MORTGAGOR, th~
MORTGAGEE, its succ~uas and au~qns, may, witlw,it notice to the MORTGAOR, deal with such wccessor p wcceasor in inlerest with refc.ence to this
mort9ye and th~ dcbt hereby secw~d in the same manner ~s with Mwtyspw without in any way vitiaYu~p or discharp'u~p tF~ Nlortp~gors' li~biliy hsr~.
under a upon th~ debt hereby secvred. No a~le of the premiies hereby matpsped and np forbear~nce on 1M put of th~ /NORTGAGEE p iri suaesson
«+uige~ ~nd no extension of tl,e time fw the payment of th~ debr hereby setvred piven by the MORTGAGEE or ib succes~ws or us;~ns, .hall op~rat~
ro nbas~, disch~rp~, nadify cMnge p affeq 1Me wqinal liab~lity of the MORTGAGOR herei~, ~ither in whole w in put. -
10. It h tpecifically a~reed that tirrM ia of tha eusnce of this cw~tract ard tMt no w~iver of am obli~aYqn henundet or of tht oblip~tion ae-
n;rad h~r~by sMll ~t any tirn~ thereah~r be held to be ~ waiver of the te~ms kereof or of tAt instrurtKnt utu~ed hs~by.
11. tn sdd~tion to the forego:rg monrhlY paYments of pinc'p~) and 'enre?est required by ths prom~twry nore fecu~ed hereby, maty~gw cownsnts
snd ~yrees to pay ro monyapee with each monthtY paYment an ~dd~rional swn est~nuted by mo?tyages to be eqwl ro 1/12 of the snnual cost of the follow-
iny:
A-/?II real property tsxes levied or auessed apsinst tl+e sbove described real estate. ~
6-PremFwrn o~ fire and wh~dstorm inswance as herein req~r;red to M carried on the improvemeois sitwte on the sbove dewibed premisu.
C-Pranivms on s?~ch mwtg~ge yuarsnry inswaoce as mortgagee shall irom i~me 1o t~me de~m fit 1o urry on the ban ~ecured hareby.
Nlortyapee sh~ll from time to tune notify mortgagos in writirg of tht amount due and payabl~ herweder and wd+ sum shall thereupon be d~e and
paY+ble on fhe due dare of rhe next rnonthlY payrnem snd each succeuiw month thereafter vntil mwtysy~e ahall ~ot~fy mort9sgor of • d~snpe i~ svch
amount. Such wms shall be applied by mortys~ee toward the p~yment of real prope~ty uxes, insurance premiurtu, and matgape 9uaranry inw~ance
prertiwerq,
IM W11NES5 YVHEREOF, ths s~id MORTGAGOR has hereunto set his Mnd snd ~cal the d+y ar fir afae~eid.
~Sipmd, 5{~d an I'iva~d b tht prssenc~ of:
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STATE OF FLORIDA 1 .
~a,,,,TM ~ St. Lucie ~
s.t«. ~iy a~?ed Jo2~n .ea .er ~
Rtlt:1'1 inl_ T~R4'f:At+ ' hif wift. to m~ well known ~nd knOwn 10 m! t0 b~
the (~vidwb d~saibd in and who ~:ecuted tM foreyarg instrument. ~nd acknowiedped b~fan m~ M~+t NNy ex~arted tht sarne for tM purpw~s
rhe..i~ .~pr.,,.d, ilnd ,r,. „~d Ruth W. Le s ter
;i wifs ot Nw wid John L. Le s ter a iepants and ~N
examy+aY~on by m~ tak~n teparat~ ~nd apat from her s~id husb+od. ~duwwl~dged w~nd befw~ m~ th~t sM ex~cuhd said iratrumerN fre~ly ~nd volw~-
i rarify and witlaw ~rqr soenqrtsion, eonstr~int, a~~, or fw of or from Mr ~aid lNnbs~d. ~
WITNFSS my hand ~rd offiaal ssal thi: day of Y'~
A. D. 19~
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Notiry ic in and fa the State of fbrid~ at Luy~
Retwn Ta • My iuioo ~xpirss:
Fint F~d~rN' loan itisocistan • . N~?Y rubllc. ~taM of 11ptW~ ~ p~~
_:3 ~~~j""'•• ~f _ MY Commiuion Expires Aus. 6, 1967
P».~~,~'., FI~ED AND RECORQ~OK ~ B°"°'deyNn.ric+~s~u•~ycaad.Y.
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•'`'f'~~^.,~ GER PO! i RAS. CLERK ~ ~
R~ST. ~ FL~.~R 9A NTY, ~
gooK ~43 206
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