HomeMy WebLinkAbout0507 To plac~ u~d continuously ke~p on ~ Iwildinys now a l+ereafrer atuat~ on u~d iand and an al! equ~pm~nt ~nd pason~ly cova~d by this
p~ w;th ~11 pr*miwrA thereon p~~d in tull, f'ue insu~anc~ i~ ~he usual iur,dard policy form. ~n ? sum ~pprowd by tM MORTGAGEE, ~nd wlnd~~taT
inswanc~ in tM uwal sq~da~d pol~cy fam, in • sum ~pproved by tM MORTGAGEE; in wth cornp~ny w tampanies a tM MORTGAGEE rnay
dindt +~d all tin ~nd win<htorm iruvranc~ polic:es on iny oi taid buildin~~, u?y inMr~~~ theni~ or paet Ih~rwf, in tM apprey~t~ ~um ~for~s~id a
in ~xcws ther~of, ahall contain tM uiuai ~undud moreps~N clsuse a ivch aMr ct~uu ~t tM Mo.~papN m~Y req~~re. makinp tM bu undN uid po~i~
ci~s, ~ach and ~wry, p•y+b~~ ro sad MORTGAGEE a~b intere:t may appear, and each a~d ewry sveh po~icy shall b~ p?anp~y ~u:y~ied ~nd d~livKed to
~ny h~W by ~aid MORiGAGEE aa funher secv~ity to aid mo+~ya~~ debt, and, na ku th~n ~~n t1~ d~ys in ~dvana ot ~M ~:pkatwn of ~ach pol~cy, to da
IivN to said MORTGAGEE ~ ra+ewal therwf, ~o~e~her wi~h a rece~pt fw tM pr~mium of tuch ren~wali ~nd ~Mr~ shall b~: no f'a~ a wir~d~~am Mswu~c~
pl~pd on ar~y of said buildinps, any lnte~est ther~in or put tF~eof, unless in ~M fani ~nd with tM bs~ pay~bl~ at afon~id: and in 1M ~v~nt aoy ~un+
of nqrwy becwn~s p~yable ~ndK s~,ch policy a policies iaid MORTGAGEE iMll Mw tM opYwn ro noeiw ~ed ~pply ~M saen~ on ~ccoum o1 tM in~kbted-
n~ts s~sw~d F~~by w ro peimil said MORTGJlGORS ro receive and uu tt a any part thereof fa o~1+er purposei, wi~houl the.eb~ waiving a impair-
iny any pu;ty, li~n or ripht ue?de~ p by virtw of this mor!ppe; ~nd in tF» ~ve~t s~~d MORTGAGORS iMll fa ~ny r~awn fail w keep tl+~ said pr~misea so
insvred, w f~il q dsliver promptly any of said policies of i~s~rarw to said MORTCsAGEE, w(ail promptty ro pay futly any pr~m'wm thenfw p in any
?~ip~d f~Jl to p~rfwrm, dixbaps, ~xecut~, ~if~ct, compkte, comply with and ~bid~ by this cown+nt, Ot ~ny piM Mtpf, said MORTGAGEE m~y plac~ •nd
paY fa such iro~rranc~ a aey pa?t thKeof wirhout walvinp w ~ffectinp any option, li~n, ~q~riry, w ~qht under a by vi?tw of this Morq~pe, and the
full amount o~ each ~rd ~very such payment ~hal1 b~ immediately due and pryabl~ and sMll bear i~terest from tM dat~ thcreof ~nfil p~id N th~ raN ot
nin~ per cMtum per anwm and together with uxA interest sMll bs secured by th~ IiM of this ~nortp~pe.
1. To pKmit, commit or suffa no wu~~, Impaument a deterar~tion of said poperty or any put the?wf.
S. To pay ~11 ind sinpul~r tl+~.cosn, char9es and expenses, i~cludirg s reawn~bl~ ~naney's fee snd tosts of abstractt of titl~. tncvrced or paid at
a~y tims by taid MpRiGAGEF, b~wuse a in the event oi the failure on the p~n of tM s~id MORTGAGOR to duly, promptly and fully perform, d~xharg~,
execw~, tff~, oomplste, aomply with and ab~d~ by ~+ch and every ~he itipulat~a?s, .greemen», cond~~ioeu, •nd oovenann of sa~d prom~uory oote and ~ho
mwtyay~ ~ny w ~id+e~. and s+id cos~s. charges ~nd eapen~es. each and every, shall be immediately dw and paya~bs whether w not then be notice da
m+~d, ~t?~mpt to cdlett or wit p~ndirg; u~d tM full amovnt of each ~nd every such paymcnt d+~11 bea? interest frpm the d+te the~eof umil paid ~t the
rate of nin~ p~r centum per arowm; and alt said cbats, cMrges and expenses inewred w psid, togetha with wch intsrstt, ~ha0 b~ i~cv~ed by tM lien of thi~
mort~+p~.
A. Thal in the event of any bre~ch of this Mortgage w default on the pah of ths MORTGAGOR, or (b) i~ the event ~ny of taid sum~ of rt~oe~~
hereG~ referrd to bs not prompny ~nd fully p~id within thirty (30) days nexl after ths same severilly becane due and payabf~. without demand or notice,
or (c~ fn ths we~t each ae~d ~very tFK stipulations, agreements, cond;tions ~~d coven~nts of sa~d promiswry oote and th~s mortp~pe any a either ue nW
~uN. promptly ~nd fully p~rfwmed, d~sch~rped. executed. effected. compkted, canpl~ad with and abided Sy, then in e~tl~ a any such ewM th~ said p~
pre~ab wm mentiaNd in said promisso~y rqte then remaining unpaid, with interesf Kuued, and aA montp setwed he~~bY. slyll betome dw and p~y~
able for~hwitl~, w ~h~reafter, ~t tM option of ssid MORTGAGEE, ~s fully and completely as if •II of tha said wms of money were wgin~lly ttipvlated
to be paid on svch day. anything in said promissory note a in this Mortg~ge to the conusry ~otwithstanding: and therwpon or thereaite~ ~t ~he option of
~aid 11AORTGAGEE, without notice w demsnd, sui+ at law a in equ;ty~ tAlflfOfQ Of fMlfNftN beyun, may be prosec~ted ~s if ~II moneys setured hereby
had nwtured prior 1o ib institutiw~.
7. ?Mt in tl+~ eve~t th~t at the beginning of or ~t any time xnding soy wit upon fhis Mortgsge, er tu foreclou it, w to re(orm H, or to enfwp
payment of aey daims hereunder, w;d MORiGAGEE shall ~pply to the Carrt having jur~sd~nion thereof iw the sppo~ntment of s Receive~. wch Coun ihall
Fwtliwith appoiM • reteiver Of said mottgaged property all ~~d s;ngulu, inctud~ng atl ~nd singut~r the income, p?o(its, iuws and revenves from whatever
wuros derired, each and every of which, i~ beinp expressly undenrood, ii hereby mwrgaged as i( spec~fically u~ lutfi and dexr:brd in fhe prentinp ~nd
habendum cta~ses he~eof, and such Qeceiver shsll have all the broad and effective tuncuo~s and powcrs in aeywix entru~ted by • Court to a Receiver, snd
wch appointme~t sAall be made by s~ch Cowt ~a an ~dmitted equity snd a matter of absol~te right lo said MORTGAGEE, and witho~t ~eierence to the
adeqvacy or in~dequacy of the ralw of fAe p~operry mortg~ged e. to ~he sotve„cy o. ;nso~~ency of said MpRTGAGOR or ~he defenda~n, and that such
rcn+s, profits, income, iuues and revenues shall tie appGed by sud~ Receiver auo~d~nq to tMe lien or equiy of said MORTGAGEE and the practice of sucA
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8. To dvly, promptly and fully perform, discharge, execute, effett, canplete, comply with and ~bide by each and avery the stipvtatiaa, agreem~nq,
condilioM and tovenants in said promissory nots a~d this mortgage ut fwth. 4
9. Th~t in rhs evem ~he owncrsh~p of•. A~ mor~g~ged p,e,nises, or any part thereof. becomes vested in • penon mher tMn the MORTGAGOR, tl+~ ~
IiAORTGAGEE, in sucussors and auigns,-may, without notice to the MORTGAOR, deal with such successa w wccessorr in intnest with reference fo this
mortgage and the deb~ Ixrcby secured in the ssme marn~er ~s with Mwtgagor witho~rt in any way vitiatug or d~sch~rginp the Mort9agon' liability here.
under or upon the debt hereby secv.ed. No ale of the premises F~ereby mortg~ged and ra torbearance on the pu1 of the N{pRTGAGEE w its successws
or assig~u ~nd no eatension of the time fw the p~ymcm of the aebt hereby secured given by the MORTGAGEE w its successon or ~u~gm, .hall operate
ro retease, discharye, modify change a affect the aginal liability of the AhORTGAGOR hercin, eithe~ in whole w in put.
10. It is spec~ficalty agreed that time is of the essence of this contract and that no w~iver of any obligation hereunder o~ of the obliyation te-
a.red i~sreby sFwll i! any time there~fter be held to be a wairer of the terms hereof or of the irotrumeM secured herby.
11. In addition ro the fa~go:~g monthlY paYments of print pDt and interest required by the promissory rqte secured hereby, mortgagor covenants
end syrees to pay to mortgagee with each monthly payment an addi~ional sum esrimaled by mortgagee to be eqwl fo 1/12 of the annual cost of the fotfow-
~ng:
A-All real property ta:cs levied w assessed against tF?e above described real estate_ ,
B-Premiums on fire and windstorm insurante as herei~~requ~red to be urried on the improvemenb iitwte on tlx ~bove dewibtd prcmises,
C-Prem~ums on wch mortgsge gwnnry insurarxe ss mortgsgce shstl from t~me to time deem fit to c~rry o~ the ban xcured hcreby.
Mw?gagee shaq from time to time notify mwtgagor in writ7ng of fhe amovnf duc and payable hereunde~ ~nd suci? wm shall thereupon 6e d~e ind
payable on the due date of the next monthly payment and each successive mwNh thereafter until mortgagee sh~~~ notify mortgagor of a change in avch
amount. Such sums shsl) be applied by mortgagee toward the paymeM of real property taxes, insunnce prem:ums, and mortgage gwranfy inwru~ce
premiyms.
IN WITNE -WHEREOF, the said MORTGAGOR has hereVnto set his h~nd +nd seal the dar u~d ye~r fint ~fw
Si e~ d' re h pressnce of: -
C" n
n
rc--n
STATE OF FLORIOA ~ ;
courmr oF _ St . Lucie
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eefor. m~ p.nona~y ,pp.,,?ea JaTne s C. KPve s a wi dower ~
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ths ind;ridw dacribed in u~d who execoted the fore9oing instrumer+t, and acknowkdged befor~thatto me weU ~~(ypwn to me to be
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•.c~r~ll~ '~r'~' Y6r.~tJw Purpo~es
therein ~xpresred. /17SdCi1~1C~:Z r`~ c ~ . •'e
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WRNESS my Mnd and official seal thi~_~Z d~y Anri ' ~ - ~ ~ ` ' ~ ~
= o: ~9 66
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Not~ry ublic in u~d for t~ X ~j •
Retvm ta MY Conumssion ~xpira: _ :
`'~j~ ~ ~7 ~ J~~i~ ,
F~~ F~dtrd Ssvinps a~~ .u~yp~D AND RECORDED ~ ~
Of fwt Pierce• ~ ~N¦j~fi0/ E!~!f ~6Q
fort Pierte, florids ~ N- 8 0 ~ K ~~N Fw ~ Cw~Mr G.
• fJ~~`7=~E"LC~c~
'66 APR 2 2 PM 3~
`'o,~ 144 •
L, ROGEF2 PC'. i i2AS, CLERK ~
~'~rp ST. LUCIE COUNTY.
'r~ FLORIOA
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