HomeMy WebLinkAbout0985 . .
To plac~ and contim+a++~Y kNp on tM buildinps oow a Fwr~aftN utvat~ on ~a3d land ~nd on all eqv~pm~nt and qno~ally cowrtd bY Mts nwrq~
~p~, with dl p~e+iw~s tM~~on paid in full, fir~ insuranc~ in Uv vswl sundard poticy fonn. ~n a~wn approwd bY tM MORTGAGEE. +ad wi~lbtain
insw~na M th~ wwl ~undard poi~cy ~wrn. in a wm •pprov.d by tha MORT(3AGEE. In sucl+ canP+^Y or comp+nia a ~M MORTGAGEE e+sy
dk~ctt ~nd ail fk~ ~nd w'~wrm hswana Po1Kie~ on ~nY of uid buildtnpa, u+y inq.K~ tM.~in a put tMrwf, in tl» ap~p+a swn ~fonssid a
h u~a~s tMr~ef, sMil conuie tl~ usu+l suodud mortpapM dws~ w iuch aM. cl~us~ a tM Maroape~ m+y rp~in. m+ki^Y tM los~ undM a+id po1F
ciN. wch ~nd ~very. Wy+bt~ w said MORTGAGEE » in intaat n?ay ~ppa~r. ~nd s+ch a+d ~wry wd~ poucy .ha~~ b. pra++MN aa:~~ed a~d d.u~.r.d a
~ny Mld by wid MORiGAGEE a i~rthH s~curit~r to s~id mor~pap~ d~bt, ~nd not I~sa tMn Nn (10f dap in ~dv~eoe of tM ~xpir~tian of ~ach pol~cy. to d~-
IivN ro s~id MORTG/1GEE ~ r~w+l iM?wf. ropetlwr witA • rsc~ipt for tM pnmiwn of wch r~~v.alj and tMr~ ~hall b~ ~o fin o~ windstorm inwranc~
pl~cad on a~r of ~id bvtldinp~. ~ny Int~nst eM~~in a WN ~i?~+~of, unkss to ~M fwni and wi~h tM bu payabl~ as ~toreuid~ and in th~ ~veM aoy wm
~,~y ~p,~s p~y~bl~ wcA polky ar pol;ci~s ~aid MOItTGAGEE ah+ll Mw tM option a ~~atw and ipply tM sartw on +coouro oY tM indebred~
e~s ..cv..d I~.by w a p.~m~r sad MORTGAGORS ro ne.iw and vse it a•ny part tAereof iw othe~ p~~poses, wi~houl lhxeb~ waivin9 or ~mpair-
ie+0 +nY puity, li~n a riqh~ w~d.~ a by vinw of ~his morfpap.~ ~nd in ~M •vsm a~d MORTGI?GORS shall ta •ny nasa+ tail ro ke•p rh. s~id p?.mwes w
i~sw~d, p f~ll q d~livN pomptly ~ny of said polities of iruurnw to uid MORTGAGEE, o. t~~i P.om~~~y ~o P.y w~b +ny pemium th~nfor w in anr
refpetl f~it to p~tioan. di~ch~r~e. ex~cvt~ tifKf. tompl~ts ~omP1Y wlth and ~bid~ bY this covena^t, w any put Iwnof, s~id MOR~GAGEE may platt and
WY fa wd~ inwrano~ w~?y put tMrwf withovl w~Ninp a~fhcNnp +nY eP?ion. li~n. puwh. or riph~ w~da ar by virtw of this Matyapp ~nd the
full amount of exA and ew.y wch Wymsm sh+ll b~ Mrn~di~tdY dw +ad Wy+bb +~d sh+ll bw inlKnt from th~ daq ~hweof vr?til piid ~t tM rat~ oi
nirn pK c~ntwn pa an•wm +nd to~ether with such ieNerat thatl t» ~acvr~d b~ ~M lin~of tkia lnorqspt.
1. To pamit. aatinit or suffa no wat~. Imp~irment a d~tsriwation of s~id propKtp or aMr pah thKwf.
5. To pay dl and ~4+p~lar tM ~oata. d~+r9es +^d exP~^sw. inctudinp a r~ason+bl~ atramry's fN and aosb of ~bstwcts of titl~, incurr~d a psid at
~ny tirn~ by wid MORTGAGEE, becauw a in tFM ~wnt of ths failur~ on tM part of tl+~ aid MORTGAGOR to du1y. pro~npty ~nd f~lly pNform, dychar~
~x~cur~. ~ff~d, oanpku, oomply with +~d ~bid~ hi ~ach +nd ~ve~Y tM stip~l~iwns, +~re~n+enn, caditiau. and oovN++nts of s~id paniswry not~ aad thii
~9+W +^Y w ei~lwr, u+d said oos~s. chu~s and expa~re~. ~ach and wery. sMll b~ tnrn~d'uroy dw ~nd payable: whetMr a not thet~ b~ nwici dr
msnd, ~tr~mpt 10 oolkd w wit p~ndrgs +nd tM fvll arew~mt of ~ach and wery wch p+Ym~nt sl++tl bea. interKt fran tM daq tlw~of until-p~id a~ ~he
rate of nine per centwn pa arow+ns +~d +11 wid cMn, cMrpes and expenses incwnd a p~kl, topethq w~th wch interat, sh+ll b~ wcwed by th~ I~an of tFw
a, TMt W In tM w~nt of ~ny breach of this Mwtpsp~ w d~fwh on Hr pu1 of th~ MORTGAGOR, or (b) in tM ~wat ~ny of s+~d wms of mooey
F~enin rthn~d ro b~ not promptly ~nd fully p~id within thirty (30) days Mxl ifiN 1M iMM SQ~IN~IIy blC0111! dUf ~fld ~IiyaWl, wfthou~ d~mand o? eotic~.
or in tM wM~ ~+ch ard ~very the stipul~tiom. ~9?~e~ems. oonditiw~s ~nd covena~b of s+~d promiswry nm~ and this morty+p~ any a ei~h~r n~ eol
~+M. P~~P~~r +~+d f~uy pa.form.d, d~sd?.rped, exaated, ~ffected, compteted, canplNd with and ab~ded ~iy, th~n In ~ilher or ~ny such ewn~ tlr sa~d ap~
~re~lt wm m~ntiaMd in ~aid promiuwy not~ tMn rem+ini^p unP+id, with imerest accrwd and all ma+~ys ~acwed henby. shrll becwn~ dw +nd Wy~
~bl~ fathwilh, w tl+K~+hN. at tl+~ option of said MORTGAGEE. +s fvly and canpl~tely ai if ~II of the wid wms of nan~y wen aipieutty stipul~ted
to b~ p~id on such d~y, anythiny in ssid promiuory noh or in tlw Mortpags to the cvntruy ewtwithstandin~; and ~he?eupa+ or rhereah.. a~ tM op~~on of
~aid MORIGAGEE, without ooticr a d~m~nd, wil at la~r w in equity. tFllftFOf! O/ fF1!lNFfN begun, may be prosecuted as if all mawys secur~d M~aby
had ma~wad prar ro in trar~rwion. .
7. That in th~ weN thal ~t th~ beginnin~ of or at ~ny time pendin9 soy wit upon this Matg+ge, or to forecloss it, w to reform it, o? to Mforp
psyment of ury daims hereunde~. s+id MORTGAGEE-shall apply to the Co~n h+vir+g jurisdtction thereof for the appo~ntmer?t of ~ Receiver. such Cour1 sMll
fatliwith ~ppoint a receiwr of ~aid matyapad properfy all and sirgvlar, includ~ng all ~nd ~irgul~r ~h~ income. prolits. issues and revenves from what~ver
wurp de~ived, tath and tvery of whith, it beinp expressly undtratood. is hereby mortyaged at if apecifecally set fath ~nd desvibed in tlw ~r~ntinp and
h~b~~dwn clauses Iw~eof, and wch Rec.~ve. shsll have s0 ~h. Wo.d. •nd effeaiw funa~o~s and powcrs in anywise e~trwred by • Coun ro a Receivs.. ~nd
•uch appointmant thall be made by s~th Court u ~n ~dmitted eqvitr ~nd ~ mattar of absol~te right to s~id MORTGAGEE, ad without referenc~ w tM
•dpu~cy w imdeqwcy oi th~ wlw of th~ properry matya9ed w to the sowency w insolvency of said MORTGAGOR or Ihe defendants, ~nd that such
rents, profits, incane, issws snd nve~ues sh+ll be applied by such Receiver xcordiny to tM lie~ w equit~r of said MORTGAGEE and ~he practice of wch
Caxt.
8. To duly, pranpHy and fully ps?form, d~sch~r9e, executs, effect, complete, comply with and abide by wch ~nd wery the stiputatio~q. a~re~rnsnb,
condit'wns and covenanti in said promisswy note and tha mortgage set forth. , -
9. That in tM went the owne.ship of tM mortga~d premisa, or ~ny p~rt thereof, becorMS vested in • penon otl~ th~n the N10RTCsAGOR, th~
MORTGAGfE, Hs :ucceuon and asiip~?s, may, withoW nWice to the MORTGAOR, deal with such waesaor or s~cces~or in intereat wifh referenc~ to this
mwty~ and th~ debt hereby secwed in the ssme m+nne~ as with Mortga9w withou~ in ~ny w~y vitiafin~ a d~uhupirg the Mwtqsgors' liability her~-
under or upa+ the debt hereby secv.ed. No sale of the p.emises hereby mort~aped a~d no forbeawnce on tM put of the MORTGAGEE or iq successws
w assigro and no ext~r~ion of the time ior the p~yment of the dcbt hereby secured ~iven by the MORTGAGEE a its succeswn or assiyra, shall operaq
to nl~as~, dacl»ry~• modi(y change w affect the orginal liabiliry of tlx AhORTGAGOR hereie, eitMr in whole or in put.
10. It h apecifically ~yreed tMt time is of th~ essenca of this contract and th~t no w+iver of any obliyatwn I~erewider or of tht obliyation se-
a,rod hKebp sMll ~t any time thereahM be held ro be a w~ive~ of the tams hereof w of the iratrvment sacwed he.by.
11. In add~tion ro the forego:rg momhlY p~Yments of princ'ql and imerest required by the promiswry no~e tecured hereby, mortysgor covensnb
snd prees to paY to morty+yee with each momhlY p~yment an sddiriooal sum es~imated by mortysyee to b~ eqwl ro 1/12 of the annval cost of the follow-
ing:
A-AII real property taxes kvied or auessed agains~ the sbove desuibed resl state.
6-Premiums on f'we and wirwlstarm iiuurance as herein requ~red to be urried on the improvements situate on the above described premises.
C-Prtmiums on such mort9sge 9wranty insur~nce ss mwtgsgee shsll from time to time deem fit to urry on the Iwn tearred hereby.
' Mwtyage~ sMll from t~me ro time notify mortgagw in writing of the smoum due and payabk he+evnda u~d wch wm ahall ttxreupoa be dve ~nd
j paysbla on the due date of the next monthly payment and esch successiw month the?caher wtil mortgsgee sh~ll ratify mortg~gw of a chsnge in wch
amount. Such svms shsll be applied by mwtysyee toward the p+yment of real p~operty tsxn, irnurance prem:ums, and mort9ape gwranty insurance
p~em~wru.
IN WiTNESS WHEREOF, the s+id MORTGAGOR hu hereunto set his hand and seal the day u~d yea~ fint ~forwid.
md, S ~Id ~nd del d in presa+c~ of:
~ ~ J 4
re..q
~s..q
STATE OF FIORIOA ~
SS.
GOUNTY OF S t. T,~l Cf e
~ef,,. n,. p,no,N~y ,pp~,r.d (3POr~e Fdward Gilmore .~,d
Vi r c~i ni s~ 1~1r{ ~ht Gilmore h;, wHe, ,o me weu known ,na trwwn 1o np. ro b.
tM In~vidwb dewibed in ~nd •who txacuted the fore9oinp instrwmnt, and acknow~a befw~ me that tlwy ~x~wted tlr sa~~rstiq.f~rrpoWs
~,,e,~in ~xass~d, ,And rl» w;~, ~ VirRf nia Wri ght Gilmore 1~! y~~
,~,ir. or +h...~a George F'c~Warc~ Gilmore , `~ti.~:i:'ted~a.
~x~mination by m~ tak~n sep+rat~ and apsrt from har ~aid husband, ~d~u~ovvkdped fo ~nd befon me that sht exsa?ted ~ab~~~~ ~
tsrily and without arqr conKxrbion, corotwint, apprcF~amion, or ftar of ot from h~r ssid husband. t;,~~?- ~
wRNESS mr h.~a .~d ofr~;.~ ~hK 3~th d.,, of A r 1 'f~,~:~9 ~
\.n ? ~ ~ ~
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~ ~ry Public in ard for tM St~ta°
My Cortwnisi
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Return Ya
Fint F~dew) Savinps 6 Lo~n Assotiation . •
°f f°" PK`a. F~~E AND nR_E_-C~ RDED ~~w''"
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'66 MAY 2 AN 10 : y0 . .
144~2~ ~
' R6GEP. f'Ot~R:• CLERK
ST. LUCIE C(~:1P~TY. ~
FL~RIDA
gooK 14 ~ ~ 3~3
~ ' ~ ~ . - ~fa~ .
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