HomeMy WebLinkAbout2619 i
,
. ~
~
to plsa •nd con~inuou~ir k~•p o^ rh• bv~'d~nq~ now a M.~af~~~ utuate on ta~d I~nd and on all equipment and person~lly cO~e~td by thi~ mo~tg-
~p~, w~th dl p+~miurr+~ ~F•.r~on pa~d in full, f~re iniur~nce ~n the uiual sundard potity (orm, 1n • sum appro~ed by the MORiGAGEE, a~d w~nds~o~m
Infur~nc~ In tM uw~l ~?~nd•~d poGCy (o~m, in • fum •pprowd by th~ MORTGAGEE, in fuch ta*+pany o~ co~+paniet ~s the MORTGAGEE ~uy
d~ncq ~nd alf fir~ •nd w~Mi~rorm inaura+c~ pu~~i~e~ on :~~y oi sa;u ~.r:'~;=ys. ~~'r -d i=.° •~°Q."-'t. !M!M)~~ wm aforesaid or
In ~at~a tFurwt. ~hdt cont~in the u~w~ •1+ndard mo~ty.pN t~suse w such other c~auss as ~M Matpagee may ~equ~~~, malinp the loss unds~ sa~d pott
c~~~, ~~ch snd ~vtry, p~yab~~ to ~~~d MORTGAGEE a~ ~ts int~re~t may ~pp~a?, a+d e+ch ~nd every s~ch po!~cy shatl be prompt~y +ss gncd and dei~vaed ~o
~ny h~ld by uid MORIGAGEE a~ fui~h~r seturity to said mortp~Qe debf. and. not I~ss than ten l10) dayi in advance of ~he exp~rat~on of each poi~cy. ~o de-
I~v~? to uid MORiGAGEE ~ r~new~l Ihtr~O/, top~tMr with • rec~~pt for 1l~e premium of ~u<h renewal; and the~e shall be no i~re or w~~ds~orm ins~rance
pl~qd on •ny of s~~d bviid~~+pf. ~~y Inte~eft tMr~i~ o~ parf th~reof, unless i~ 11+~ form'and w~th the loss payabte as atoreiaid; and in ~he event any sum
e} ,non~y brcom~~ p~yabl~ under ~uch poncy a pol~us~ ~~~d MORTGAGEE sMll hav~ ~M op~~on ~o rece~ve and apply ~he same on acca,ro ol ihe ~ndeb~ed-
n~~~ ~tcvnt) htr~by w ro perm~t ~a~d MORTGAGORS to rsee~ve ai+d uie it w•ny part the.eoi 1or other purposes, ~v~~nout ih~r. ur we~y„~~ o~ ~~~~p~~~-
inp ~ny pu~ty, I~~n e• riphr under or by virtu~ oi ?hii morfpayr, ~nd in th~ tvtnt t+~d MORTGAGOR$ shall fa any reason fa~l fo kecp the sa~d p~em~ses so
in~u.~d, or (~tl to del~+~r promptly •ny of taid pol~cie~ of in~ur~nu to ~~id MORTGAGEE, a fail promptly to pay fulty any prrm~~m thereFor w in any
r~~p~c~ bil to pa(o~m, d+scharq~, ~xecute, ~i(ec~, canp~~t~. complY wi~h and ~bid~ by th1• cove~ant, o. any par~ hereoi, sa~d MORTGaGEE may p~ace e~~o
p~y ta ~uch inwr~~c~ o~ ~ny pa~t thereof wi~hout walvinq a•(fec?inp any op~ion. li~n, pu~~y, w ~~qh~ unde. a by virwe of this Alorfgage. and fhe
~u11 ~mouni of ~~ch •nd fv~?y ~uch psym~nl ~hall ~ imm~di~qly dw ~~d pay~bl~ and shall bea? interest from the date thereof unt~l pa~d a~ the rate ol
n+n~ p~~ centum p~~ annum and to~NM~ v~ith ~uth Interett fhall be secured by the li~n of ~hi~ ~nwt9age.
To p~rmlf, commtt or fuft~r no wa~t~, Impairment a det~rior~t~on of ~aid property p•ny paA thereof.
S. fo pay •ii ao0 u+~..~u ii»'c~iia. ci:aiyu a,~u' c.Nc~:; 3'-- -'••'-"°•Y• f.~ ~..d ~q.~a ni a6atruta nf ti?le. incuned or na~d at
•ny time by ~+~d MORTGAGEE, b~c~v~~ w in th~ •v~nt of tM failu~e On the pa?t ~of the s+id MORTGAGOR to duly, promptly and futly perfwm, d~scnarg'
aM~tuts, ~IFeci, ca++pl~te, comply w~th •nd ab~d~ by •ach ~nd ~ve?y tM ~tipul~tions, agreements, condition~, and covrnanrs ot said promissory note a~d ~his
-nortQw~ ~ny a•i+h~r, •nd ta;d cos~s, char9e~ and txpenses, e~ch end eve?y, shall be immed~dety dus and pay~bla; whether w not there be nor~ce d~
m~M~. alffmpl t0 tO11K1 0/ fulf plnO~n9; •r10 ih~ lYii i~rqv~ii Gf iriC~7 i.-ti a~~:~ Y3j~~wr 3?;~!! ~+_,r tlu d3!e ~l~.r.of ~.nfil ~+a:d al tFu
rat~ o~ nin~ pe+ t~nt~m per •n~wm~ and all ~aid t6frs, thargef and expense~ incurredvor paid, lopether w~1h s~th interest, shall be tetured by the I~en o( thi~
mortpay~.
A. Th~l in the event of any breach of thi~ Mortyayt or default on tM part of the MORTGAGOR, or (b) in the event sny of sa~d suma of money
h~rein r~fKred to be not prompt~y snd fully p~id witl~in th~rry (30) days nex~ after ~he sa:-~e sever~tly become due and payable, without demand or notice.
or (c) in ~M ~v~nt eech and ~v~ry the slipulatiom. ~yreememt, cond~tion~ ~nd coven~nh of ta;d promissory note and th~s mor~ga9e any or either are not
iuly, promptly and fully p~rformed, d.uharged, taacuted, ~ifected, cwnpieted, compl~ed with and ab~ded Sy, then in eithtr w any such evem the said sg
presat~ wm rtNntwned in iaEd promiswry note then romainiry unpaid, with imae~t accrued. and atl moneyi setured hereby, shall become due and paV-
abla ia~hwirh, w therea~t~r, ths opt~on of sa~d MORTGAGEE, (ully •nd compl~te~Y •t it s~l of the wid sums of money were wg~nelly stlpulsted
to bv pa~d on such d~y, a~ytAiny in sa d prom~swry note w in ~his Matpaya to the cont~ary notwithstand~ng; and thereupon w thereaite~ a~ the opt~on of
sa~d MORTGAGEE, wi~houf noncs or demand, wif at !aw a in equity, the~efore o~ thereatter begun, may be prosccuted aa if all money~ ~ecured hereby
~ad m~furad pti0? 10 il~ iMtilutiOn.
7. Th~t in tht •vent tha~ st tM baginn~ng of or ~t any time pendir+g aoy su~t ~pon ~hi~ Mo~tgsge, w to faedose it, or to reform it, or to enfo.ce
peyme~f ol any daim~ he~eunde~, ~aid MORTGAGEE shall ~pply to the Court having jur~sd~ction thereoi for the appomtment of a Rece~ver, suth Covrt ihail
(ortFiwith sppo~m a rece~ve~ of sa~d mwtgsged p~ope?ty all and finyul~?, intlud~ng all and si~g~lar ~he income, prol~ts, issues and reve~ues from whatever
seurc~ dQrived, ~ach and every oF wh~ci~, it be~n9 express?y undersrood, i~ hereby mor~gaged as if spec~fically set fath snd desuibed in the g~ant~n~ and ;
h.bendum tlauus heieof, and such Receiver shall have a(1 ~he broad and e1(ecrtve funa~ons snd powers in anyw~se eMruittd by a Cou~t to a Reteiver, and
~~:ch appointmen~ ~hall be mada by •uch Court •s an ad~nitted equity and a rra?te~ of absolute right ~ saidJY10R~6A6EEt ~nd w~~~u1 refere~ce to the
edequ~cy Or M~dfQUiCy o1 ~he value of the prop~rty mortg~ged or fo the so~vency or i~sotvency oT sai~ MOR~GAGOR or lhe de(endants, and ~ha? such
r~~~~, prolit~, income, issurs and revenuef shall bs applied by such Receiver accordmg to the lie~ or equity of wid M~RTGAGEE and the practice of such
Cou?t.
8. To duly, promptly and ~ully per(orm, discha.qe, execufe, eifect, mmplete, comply with and ab'~de by each and every the stipulations, agrcements,
conditioru and coven~nts ~n sa~d promi~sory note and ~h~• morlyage set fath.
0. Th~t in the evenl thc ownership of IFu mortgayed premises, a•ny psrt thcreo/, bccomes vested in a perton other than the MORTGAGOR, the
MORTGAGEE, i~~ ~uccestors and •ss~yns, may, withou~ notice to the MORTGAOR, desl wifh fuch successor or successw in interest with refere~ce to this
mor~y~ye ~~d the debl hereby tetur~d in the tame manner as with Mortgagor w;thout in any way vitiating w d~uharging the Mcrtgagors' fiabitity here~
under or upon the debt hereby secured. No ia!e o( ~he prem~sei hereby mortqaged ~nd no (orbearence on the part ol the ?hORTGAGEE o. ita svccessors
or a~signs ~nd no exrens~on o~ the ~ime ior ~he p~ymen~ of the debr hereby secu+ed g~ven by the RtORiGAGEE or its tuccessws or au:gns, ~tia~l operate
to rol~~s~, dachar~, modify chan9e or •Ifect tM ori9mal lisbday of the MORTGAGOR herein, either io whole or in part.
10. It i~ spse:fic~lfy agreed ~ha~ time i~ of the essence of ehis contracf and that no waiver of any ob~igat~on hercunde? w of the obligat~on se-
c~~ed h~reby ~hall ~t ~ny tim~ tbereaher be held ro be s waiver of the terms hereoi w of the instrumem secured herby.
11. In ~dd~tion 1o fl~e forego:ng month!y paymenls o1 prinC'pal and interesl requ~rtd by iht promisso~y no!e secured hereby, mortgagor covenants
and aqraes to p~y to ~+ortg~gee with each momhiy payrnent an add~cional ~um est~mared by mortgagee to be eqvai to 1;' 12 of the an.,ual cost of the follow- ~
!
~9. .
A-All r~~l prope?ty taaea Ievied or assessed aqa~nst thc sbove described real estsfe.
B--Premcums on fire and windstorm ~nw~snce aa herein requ;red ro be carried o~ the ~mprovements c;t~ate on the above described premi:es.
C-Prtmivms on sutFi mortg~ge guaranty in~urar~ce as mo.tgagee shall fro~++ t~me to time deem fit to carry on the loan secvred hereby.
I Mortp~gee sha!I from time to time not~iy mongagor m writing of the amount due and psysble hereunder and such sum shall thereupon be due and
~ ~,ayabl• on the due dste of the next monthly paymer.t and each successive month thereaft~r ur.til mortgagee shall not~fy mortgagor of a change in such
~ emounf. Such tums shall be app!ied by mortgagee tovvard tFx payment of real property taxes, insurance prem.ums, and morigage guaranty insurance
~ p~emium~.
IN WITNfSS W EOF, th s~id MORTGAGOR has hereunro set his hand ~nd seal the dny a year fir sforesaid.
~ ` ' ned, Stal~ • d ed e~nce of: ~
an
~ _ ~ {Seal)
s , 1 ~~ry
.
r~~q
57ATE OF FIORIDA ~ .
St~ Lucia
COUNTY OF
b~fa~ rt» pNwnally ~ppe~red Jo~n_ Lo.F¢ins ~~d :
Reai ta I~ Ld~jl$ his wife, to me well known and known to me to be t
rhe Indivldwlt desaibed in •rxl who executed the foregoing instrur+Mm, ~r.d acknowfedged before me that they executed the same for the purposes
r?,e~e~n ~xpr~sad. Md tM s~id R083.tS I. Loggins ;
upon a separste and privats ~
w,+. o~ ~h. ~.~a _ John LogAins . '
easm~nstion by rr~ taksn tepar~tt and epart from t~e? ssid husbend, atknowledged to and before me that she ezecuted said instrument freely and volurr j
rarily ~nd w~thout ~ryr compulsan, conatraint, epprehent' or ar of a from her uid husband. , ~
WITNESS my hand and oific~al ssal this_ day of J~e A 19 66 ~
3": Qi~ ~
Notar Public in snd for the State Fbrida ~t Lar e j
~ My Comm~ssion expira: ~ / p 5
R~turnTa: . l4dTARYPi,°l'C."-~-,.• ~9/Ga 9 ~
fin~ F~ral Ssvinp~ 3 loan Astoc~ation • - . 't L RGe ~
~ OF Fort P;eres. ~ L~... ` . , - , _,1. I?58 3
DGt~o[fl „ r
F°~IL~`b ~1~1`~ RECORDED ~y " ~ .--:L~nGRyT
~ " ~
~ ST. LUCIE COUNTY. FLA. . -
RECORD VERIFIED ~'•'l,~"=
~ ...~~a~c~,~'~~ . ; F~ i . . . . ~ .
~ 'fi6 JUH 3 PN 3 : 06 - . : . ~ ~ . -
~ 145823 - }
~
nOGE~R POITRAS . - - ~ ~
, •
Cl.ERK CIRCUIT COURT - ~ " ~ ~ ~
_ 600f(~~ 1 I ~ ;
> ~ ; :
~ ~ ^~~'~~r"~~,~ - - - _ _