HomeMy WebLinkAbout0987 ' ; i ~ •
3. To pl~n and contLwously kNp on 1M buitdinps ~aw a Mr~aftN ~itwb on s~id land and on alt puiprewot and pKwn+~1y covK«! bY thh ~+o~q~
ap~, with ~II pr~miwe? ~hK~on p+id in full, tU~ insur~nc~ in tFv vswl sundud potky fonn, ~ suM ~pprowd by tM MORTGAGEE. ~ed wMbtotm
im~x~ in ~M wwl ~undard poi~cy fam. in i wm appravsd bY the MORT~3AGEE. in wcA co~np~nr or canp~ni~s a t!w MORTGAGEE awy
d'wct~ and dl tM~ and wa~dsw?m inwrana policih on any of s~W build~np~, any lnbn?t tht«in or p~rt rMnot, in tl+~ ~pprs~N ~wn ~fortNid a
M ucaw t1+K~of. ~MII eonuin tM ~+swl itand+rd matp+p~t d+v~ or s~eh ot1+K daut~ a tM Mortpa~ enap rpu~n. m+AfnO ~M bu und+~ s+id Po14
ciw. ~ad~ and ~wry. WY+bI~ w s~id Al10RTGAGEE a in intKest may ~ppNr. ~nd each ~nd ~vKy s~ch polky ahall b~ pranptly us:yn~d N+d d~liwr~d ~o
~ny lwld by wid MORTGI?GEE as fwther ~ecu~ity to aid mo„yap~ d~bt. s~+d. oot bss tMn tan d~ys tn ~dvana of tM ~xpi.~tion of ~ach policy. ro d~
Iiwr 1o wid MORTGAGEE ~ r~new~l tM~wf, top~th~r with a ~~c~ip~ fo~ tM praniwn of wch rnww~lj ~nd tMr~ shall b~ eo fW~ a winds~am Gawu~a
plaad on aey of s+id b~iWinps, a~y lnterat Mw.~in w p~t tM.wf. unteas M fM fam'~+d with tM lo~s pay~bl~ u~fon~aids ~nd in tM •v~nt any wm
of money bacana p+yablt w~der wcl? policy a polkih said MORTGAGEE sh+Il Mw tM option to no~iw ~nd ~pply tM w~ on acoow~t ol tM ind~br~
n~ss ~cw.d ~n,~by a~o p.rmit ~aid MORTGAGORS ro nuiv~ ud us~ i~ w a~y part the~wf fa other purposeti wi~hout ~hereb~ waivi~y a~n+p+i.-
irg anY puity, li~n a~ipht unds~ or by virtw of thb nartpap~j u~d in tM ~vMf w~d /NORTC~AGORS sA+ll fw aey r~ason fail ~o ks~p tM s+id pnmiks so
imwed. w f.u a d~u~K ao~,rN any of s+id polici~s of l~wrance fo s~id MORTGAGEE. a fsil promptly to p+Y ~+~b w+Y W~mium tMhfa w h an~r
nspM f~il b p~rfocn~, d~sch+~. ~~+t~. ~tf~ct. campl~t~. comply with ~nd ~bid~ by thts cown+et, a any psrt hKwf, uid MORTGAGEE may plu~ ~nd
ar fa wch tn~w.nc~ «.~y pa.+ th..eof wit~,ovt w.nrinp «.ff.c+snp +~w awion. ~i~n. .qwh, w riphr vnd.. o. by vinv. of thi~ Mo.+9.0.. .nd ~he
full ~n~ of ~+ch and wKY wch WYm~ ~A+11 b~ immsdi~tely dw and p~yabb ~nd shill bea~ intK~st kom tlw dab thereof un~il paid a~ th~ a» of
nin~ pw anwm pK ~n•wm and top~ther with wci+ inter~st shaii t~t s~cwad by ths lisr af this ~s~.
To pKmit. aomn+lt ar suffa no waib, impakment a deterioratan o# ssid propertp a any p+rt tMnof.
S. To pay ~tl and sinpvlar the ~n, ch+rpa a~d ~xp~nHa. i~clvdirg •?easonabb attorneY'a fe~ and oosts of ~bstrach of titl~. incw?ed or p+id ~t
~ny tim~ by s+id MORTWIGEE. b~c+us~ a in th~ ~wat of tM failwe oe th~ p+~t of tM s~id MORIGAGOR to duy. p.omPry «+a ~~y P..ro.m, a.~+.~..
~xecvt~. ~ff~ct. comP~stt. aomP~Y w~th ~nd sbid~ bY uch and ~very tM stipul+t~orw +Cne^wms. condi~ions, and oown~nb of s~id p~anissory nW~ u~d tAis
mwtpap~ ~ny o~ ~i~ha. and ~id oosn. chu0~a and ~xperres, ~ach and ~wry. sMll b~ i+vnedi~~~ly dw and p+yaWr, whetMr or not tl+e.~ notki dr
m~nd, ~tt~mpt to aolkct w wit p~ndinp: and tM futl ~n+ount of each and werY wd~ p+yman sA+ll bN. inferei~ tran ~M da~~ tM~wf unril p~id d the
ra~e of nin~ per centum pN ~nnumt and all s~id obsts, chug~s +++d exp~ns~s incwred or p~W. topNMr with wch mt~rpt. ~h+ll b~ a~cwed by tM liw~ of tlw
^'°~tp~p~-
a, That (a) in tht ~wrM of aey b?e~ch of this Matyspe w def~ult an t!r p+?1 of tM MORTGAGOR, o? (b) in th~ ~wnt ae?y of w~d sw~a of nw~ey
Mnln nhn~d to b~ not prompt~y and fvlly p~id wi~hin thirty (30) days next ~fter the sa~ne wvsr+lly becan~ dw ~nd payabb. withou~ demand a notke,
w W tn tM ~wnt exh ~nd ~v~ry tM stipulatiaw +~~neots. wnditions snd cown~nn of s+id praniswry not~ u~d th~s morp+pe anY a a~ha an no1
~+h. P+~P~~Y fi+lly p~rtornNd, d~scl+a~yed. ~xeev~ed, ~ff"scted, compl~t~d, complied with and ~bided by. tMn in either o~ any ~vch wsnt tM said ag
Qrp~b wm m~ntiawd in aid promiuory nob than ~emair?inp unp+id, with inter~st scuued, and ~II money~ fetwed hsnby. ahdl beco~» dw sed p~y~
~bt~ forthwith, a tl+Keaha, at th~ opYan of said MORT6AGEE, u fvlly ud canpl~tely as if sll of tM saW wrns of rtarwy wen aipin~lly stipul~led
ro be paid on wch day. snythirg in s+id promissory note a in this Mort9sye to ~M conuary notwithst~ndirg; and therwpon or there+h~r a~ ~M option of
uid MORiGAGEE, withovt notiu a demand, wit at la~v or in puity, thereFon w thersafter beyun, maY be prosecufed ~s if all maaps sacvrd hmby
had matwed aWf to ib instifution.
7, ?h+t in th~ event that st the b~pinninp of o~ ~t any tim~ p~nd'~np ~oy wit ~pon this Mortg~ye, w ro faecloH h, or fo ro{am it, a to enfaa
payr~se~t of ~ny daims hereurder, s~id MORTGAGEE sh+tl ~pply to the Co~n h~virg jwisd~ion thereof :or the appantment of • Receiver, wch Cour~ sMll
fortliwith ~ppoint s r~ceiver qf said_morty+9ed PropcrtY all.and sinpv(~ iocludmg all snd singuts~ the incom~, pofits, iuues and r~wnws from what~va
wura derived, each "and wery of which, it beinp expressly understoo~;; is l+ereby mortgaged u if tp~c;fiully scl fath u+d de~cribed in tlK 9r~ntiry and
F,~b~ndurn clawes hsreof. and s~ch Receiv~r sh~~l Mw ~II the bwd snd effect~w fonct~ons and powcrs in a~ywise entruited by ~ Court to a Rauiver. ~nd
wch sppointment sh~ll bs-~~~by,su.c1~ ~Qurt ±s~±~.idnutted eqvi~Y and a m~ttar of absol~te riyht to s+id MORTGAGEE. and withow ref~ra+ee w tl+~
~deqv~cy w insdequ+~y a,the~valw of!}is p?ope~W ha~t9~ed w to the wive~cy w insolvency of said MORTGAGOR a tM defendants, and tfial wch
~re-n-n•+, profits, lncome, iswn ~+`d ni~ehu~s nA+ll-be,apelwd by uxh Receiver ~ccordirg to the lien or puity oi ~aid MORTGAGEE ~nd ~i» practia of such ~
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8. To duly. pranptly a~d fully pKform.,disch~rpe,.~x~cut~, ~ffett. c~wnplete, comply w~th and abid~ by sad~ and twry ths tY~pulatio~s„ ayr~n»,
eond'A'aro arr! coven~nts in said promitsory rat~ ~nd :t~i4 ~r!clt~a~! iet ~forth.
9. Th~t in tM went fhe ownership of the mo~tg+9ed premises, er:amr p+rt thereof, becoma wsted b• perwn other than th~ MORTGAC,OR, tM
MORTGAGEE, its wcceuors and aui9ns, may, wifFwut notice to the MORTGAOR, deal with tuch wccesso? or succeasor in iMeres~ with refaerw ro tiw
mortyp~ u~d tM debt hereby secwed In tM same rnanne? ~s wi~h Mortyayw without in ~y way viUatirg ot discharpinp the Mwtpsgors' liability Mn•
under a upon ~he debr hereby secured. No sak of fhe premises hereby mo.t9aped and no (o.bear~nce on tF» part of ~i+~ MORTGAGEE w in waesson
or suiym and no extension of the time for the p~yment of the aebt hereby ucvred yiven by the MORtGAGEE a in wcussas or assipra, sh+tl op~r~t~
~o relea~, dudurp~. modify dwrge or af(ect the original ti~bility of tM MORTGAGOR herein, eitMr in whob w ia put.
10. It b specifically spreed th~t time a of the essence of this oontract and tMt no w~iwr of any oblipatan henvndcr or of tM oblipaYan tr
a,nd Mrtby shall at aoy tim~ thereafter be held ro be a waiver of the terms hereof or of th~ instranent s~cwed Mrby.
11. In additan to the forego:rg monthly paYments of princ:p~l ~nd interest required by the promissory note secured hereby, mortg~or covsn~nts
ard ~ees to pay ro mortgsgee with exh monthlY p~Yment an additionsl sum es~imatcd by mortgagee to be eqwl so 1/12 of the annwl cost of the idlow-
~ng.
A-All ?tal property tsxes kvied a assesud againat the abow desaibed real esbte.
b-Premiums on firo snd windstorm ienwanu as herein req~'aed w be urrkd on the improvemenb sitwte on the above desuibed premis~s.
C-Premi~xns on s4ch mort9sge 9wranty inswance ss rtartgagee ~hSO from t~me to time deem f~~ ro u~ry on rhe lo~n secvred he~eby.
~ ' Mortysgee iMall from tims to tune notify mortgapor in wr~tinp of the amoum due and pay+bl~ here~nder and wch wm slull thereupon be d~re and
payabl~ on ths due date of the next monthly psyment and exA successiw month N~creaAer until mortgsp~ ~II notify mortgsgw of a ch+rge in such ~
i amoum. S~rd+ wms shall be apptied by mortysgee toward the payment of rtat property taxes, irourance premivms, and mortpspe 9uuanty inwr~nu `
;
I premiurm. •
! IN WRNESS WHEREOf, the ~+id MORTGAGOR has hereumo set his h~nd and seal the day ~nd year fint aforesaid. '
I~d and dethrer~d~e presena of: ~~~OYi~v'C(%(L~?
T~ ~ ~ f~ 7'Y~ ~ir.GG~ ts..4
~l~Cf ~s~4
. ti.q
' S TE Of FLORIDA ~ ~
~a,,,,TM ~ St. Lucie .
~ ~„a,,,y, ,pp~,~ Burton C . Manville
Vianna Hanville his wife, m. w,~,~, .~a w~ a b. ~
tl+e tndividuals dewib~d in u~d wvho ucecuted the fw insvwrwnt and acknowledped befo~e me that tl+ty executed tFw iams fw tiw pirrposes ,
,4,d ~V~ianna ~envi lle ;
M~ Burton C. Menville ~ ;
e:amin~tion put from her said Mnband sd~nowledped b and befws m~ that sM txewt~d said u~ ~ `
by rn~ t3ken aepar~t~ and • , ~ _~1~ `
_'r~~ `
rarily rd wit ~uqr oon~{sio~, co~straint, ~ppr _eh~~on, or ar ~ from her s+id Iws6~nd. .
WITNESS hand ~nd official seal ihis of f~`~/~9d,~
~
.
Notary Public in ~nd fa tM St~fC ~
µy ~•OIIIf111K1Of1 lXplflfi ii{~. ~c.~ '
~~N ! ~
Retwn Ta "a~T
fint Fsdsrd Savirgs 6 lo~n Aswciat'wn ~K. ~i1~i~
Of Fort Pierce. ~~~~M
MdN A~kr Rw i ti~ill ~
~ P~r~, F~a~. RE~ ROE~ K 9 .
FILE AN g00 ~ ~ 3 L ;
?r~ . °
2 ~ ' y~
~6g t~A`~ 44s30
1
~ R~a~t
SYaK
R~ST LUC1E . .
FL~RI~A
• f- i ~ BooK 144 385 ~
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