HomeMy WebLinkAbout2621 3. To pl~c~ ~nd continuously ke~p on th~ buiidinyi now a hers~(te? s~tuat~ on i~~d I~nd and on sll equipment ~nd p~na~ally cov~r~d by tAis mat~
p~, with dl pr~miun4 Ihtrew~ p~~d in full, fire insur~nce in 1h~ usu~l sundard polity fwm, jr? ~ s~T approvsd by Ih~ MORiGAGEE, and wind~lorm
inwru+c~ in tM v~wl uandard pol~ty fam. in a sum spproved by tht MORTGAGEE, in svch company w companies as th~ MORTGAGEE m~y
OuKf; M6 iii ti~~ itSO wicc3is~.rm irz:;:a :c ~r"v9 :~ci .j*. a-'~r af =3~* ~Y !"~l•~4~ tl4rei~ er gart thcreof. in 1M aoorep~q ~um afOr~Nid w
In ~auu tAerwf, shall cont~in tb~ uswl sr~ndard mort9ayk cla~s~ w such o+hea claus~ +i tM MorTpagee m~y requ~n. makirg the Iou under uKi polf
cia, ~+ch u+d ~ve~y, p+Yab~~ ro aid MORTGAGEE ~t its intcre~t may appear, +nd each and ~very iuch policy ihall be p?ompHY +~s:9^ed and delive~ed ~o
any h~ld by said MORIGAGEE as furlMr sscvrity to ~+id mort9+ye debt, and, not leu th+n 1en (10) days in adv+nce of tM ~xpiratan of ~~ch policy, 1o da
IivN to aid MORiGAGEE ~ renew~l thereof, to~tF~ with • reteipt fw the p?emium of :vth renewal; ~nd ~here sMll be no fire or windstwm iniur+~t~
pl~c~d on ~ny of said bvildinps, ~ey inte~~tt there~n a p~~t thereof, unteu i~ tM form'and wi~h tM lou paYsble as afa~s~id; and in tM event any sum
of ma+ey becomea p+y+ble unde~ wch policy a policies aid MORTGAGEE ~h~ll Mve tF» option to rece~ve ar+d ~pply :!v sam~ on accoun~ o~ ~he lndebted-
rwss ~~cvr~d INteby Or b permil s+~d MORTGAGORS to receiv~ ~nd ~f~ it w any pa~f lhereof fw othc~ purposes, wi~lw~f thereb~ waivi~y or ~mpair-
inp any puity, lien w rqht vnder w by virtw of this morsyape; and in th~ ~vem s~id MORTGAGORS thall fa any reason fa~l ro keep the i+~d premtsa so
iniured, w l~il ro deliv~r promPtly ~ny of said policies of iniunnu to said MORTGAGEE, or fail promptly to p+y fully any premium nc~refor o~ in any
r~apect fail b pNtam, discharge, ~:ecute, effed, compler~, comply wirh and ab~d~ by this covenan~, a any part herwf, asid MORTGAGEE m+y ptace and
paY fw ~uch i~suranc~ or any part thereof wi~hout w~lvinp or ~ffectinp a~Y option, ti~o. puity, or ri~ht undK a by virtw of thts Mat~ap~. and the
tull amo~nt of Ncl+ and ~wry svch p+ym~nt sMll be immed~ately dw and p~y+bl~ and sh~ll bear interes~ from ~M dat~ thereof w+t~l paid M tM rat~ ol
f~iM PN CMfYT pK annum ~nd together with :~ch intcrest shall be secured by tM li~n of this rtwrtpage.
1, to pKmit, commit or suff~r no wast~, imp~irmem w detaiwation oi uid properry o? any p+~f ~hereof.
S. To pay atl and rr.~u'u tt~~ ~cs's, :hargrs srd ra~~e~, ~~~•r!:^; a r~asnn~F~lp a~~o.ney'a fea and cosn of ~bitr~cts of title. incurred w pa~d st
any lime by s+id MORTGAGEE, basuse w ie? the ev~nt of the failure on the p~rt of tM said MORTGAGOR to duly, promptly and fv11y pertorm, d~xlwrge.
execvte. dfed. compfst~. comply with ~nd ab;da by e~ch and every tAe itipular~ons. ag•eemenrs, conditions, ~nd covsnann of ~id p~omissory note and ~hi:
mor~yap~ ~ny or ei~ha. ~nd said costs, chuqes ~nd eaperres, each and every, sMll be immediately due ~nd p~yabk: whether w not thcr~ b~ norite da
m~no'. ~iien~i iv CriisCi vi ivi: pn::: i:y: :4w 4r:!! „-~~n;t ~f ~=_h s~r1 ry~ ~~h ~y~ntnt shsl) l+r,~ inter~st from tFr date thereof Yf111~ Wid ~1 th!
?ate of nin~ per centum pe? ~nnum; and all sa=d cSst~, char9es and expenses incurred w paid, topethar wi~h such intvett, ahall b~ sKUred by tM lien of thu
maty+0~•
A. That in the event of ~ny brcach of this Mortyspe or defaull on the part of the MORTGAGOR, a(b) in the event any of said swns of money
herein r~fK~~d ro be not promptly and fully p~id within thirry (30) days next afte~ Ihe same uverally becomc due ~nd payablt, withovt dcmand or ~otice,
or (rJ in the ~wnt each and ~wry the stipulsYans, agreemenb. conditans and covenants of satd p?aniuory noee +nd tha matp~ye any a e~ther ar~ nof
iuly, promptly and fully perform~d, d~uharyed, execvted, ~ifected, completed, complied with ~nd ab~ded ~sy, then in eithe~ a ~ny s.xh ~wnt tM said a~
pre~t~ wm m~Miawd in s+id pra~liuory note then rem~ininy unp~id. with ime~est accrucd. at?d atl mo~eys secured httsby. iMll become dw snd p~y-
able fwthwith, p there+fte~, at the option of uid MORTGAGEE, as fully ~nd completely as it all of the said sums of ma+~y wer~ wiyinally atipulated
to be paid on s~ch day. anythirg in sa+d promiuory note a in this Mortgage ro the contrsry notwithstsnding; and thereupon or thereafta a~ the option of
ssid MOR~GAGEE, without norice or demaod, suit at lawr w in puity, thereforc or thcreafter begun, may be prosecuted u if ~II nwneyt secured hefeby
Mad mat~red pr~p to iri institution.
7. That in tM event that at the beginnirg of or at any time pend~ng +oy sutt ~pon this Nbrtgsge, or_to falclose it, w to refwm it, or to enforn
payment of any claims hereunder, said MORTGAGEE sMll apply to the Court h~ving jurisdrction tF~ercof fw the appomtment of a Receiver, such Coun shall
fwtliwith ~ppoint ~ receiva af said mortg~ged p?operty aU ~~d sinyulu, intlud~ng all and singu~~r the i~tWne, protits, iisues +nd revernre~ from whatever
wurce dsrived. each and every of which, it beirg eapreuty underslood, is hercby mwtgaged u if apecifically set fbrlh aMl described in the q?~nting and
habendum cla~rses hereof, and such Receiver s1~sI1 have sll the brwd and effeaive funu~ons and powers in ~nyMnse cntrustcd by • Court to ~ Receiver, and
~uch ~ppointment shall be m~de by such Court ss ~n admitted cquity +nd a rn~tter of absolute right to s+id MORTGAGEE, ud withovt refere~ce to the
~deqvacy or inadeqwcy oi she wlue of the propcry mortgaged or to the sonrency or :n;olvcncy of said MORTGAGOR w the defend~nn, and that s~ch
renrs, profin, income, iuues and revenues shsll be applied by such Receiver +ccordiny to the (ien or equity of said MORTGAGEE and the practiu o( such
Coutf.
8. To duly, promptty and fully perform, dschsrge, execute, effeN, complete, comply w~th ~nd ab3de by esch and every the stip~rlaYwns, apreem~nts,
conditiom and covenams in sa~d promiuory ~ote +nd this mortgsge set fwth.
9. That in tM went the ownership of the mortg~ged premises, a aey part thereof, becomes vested in a penon other ths~ the MORTGAGOR, ths
MORTGA6EE, its wccessors snd auiyns, may, withovt notice to tF~e MORTGAOR, deal with tucl~ successor o? succeuor in interest with refcrence to thi~
mortyaye ~nd the debt hereby secvred in the same manrror as with Mortgago~ without in ~~y way vitiatirg or d~xharging the Mort9agors' lisbility here-
under or upon tM debt hereby secured. No s+le of the premises hcreby mortyaged ~nd ra forbe+rance on the p+rt of the MORTGAGEE or its successori
or ~ssig~u and no e:rension of the time for the p+yment of the d~bt hereby secured yiven by the MORTGAGEE w its successors or aui9ru, ,hall operate
to rekase, dixMry~, modify tMnge a affect the orginal lisb~l~ty of the MORTGAGOR herein, either in wlwk or in p~rt.
10. It is specificslly agreed that time is of the euente of this co~tract ~nd that no wsiver of amr oblig~Yan hertunder a of the oblig+f'an se-
a,red hereby shail at any time tlureafter be held to be a waiver oF the terms hereof or of the inatrument secured haby.
I1. In sddition to the forego:rg monthly paymenri of princ'pDl s~d interes~ required by the prom~ssory r+ore secured hereby, mortgagw tovenants
and ayrees to pay ro mortgagee with each monthly payment an add~rional sum est~mared by mortgagee to be equal to 1/12 of the annual cost of the follow-
'ng:
A-/~II resl property taxes kvied or assessed against the above described real esqte.
B-Premiums on fire and windstorm insurance as herein requ~red ro be urried on the improveme~ts situate a+ the sbove described premises.
C-Premiums on such mortgsge gwranty insurar~ce as mortgagee shatl from t~me to time deem fit to urry on the bsn secured hercby.
i Mptgsgee shsll from time to time notify mortgagor in writing of the amouM due and payable hereunder +nd such sum shall thereupon be due and
I pay~blt on the due date of the next moMhly p~yment and each successive month thereafter until mortgagee shall notify mortgagor of a change in such
~ amount. Such sums shall be applied by mwigagee toward the payment of real property Naes, insurance prem.ums, and mortgage guaranty insurance
! premiums.
~ IN WITNESS WHEREOF, the s+id MORTGAGOR has hereunto xt his hand snd sesl the day and y sr first aforessid_
~ ' rwd, St led and detiv d i .he pesence of:
•n
~
~se+4
~
STATE OF FIORIDA ~ `
S5.
St_ Lucie
~ defors rn~ perwnally appeared S An t P T. ~ t P l 1 8
~n n s~ L .`~i t P ~ ~ A his w~fe, fo me well known and known to me to be
~ t h e i n div i d wb d e
wibed i~ and who executed the for t
y o
i n~ instrument, ~nd +cknowl e d ped before me that the y executed the same fw the p w p o
s e s
?h~.~M .xp.e...a. ti,a th. ..ia Ann fl L. 3 t e 11 a
wi(~ ot tl» s~id S 821 t 6 j' . J t e 1~- 8 vpon a sep~rste ~nd priv~t~
ex~min~tan by me taken separat~ and apart from her said husband, adu~owledged to and befwe me thst she executed said instrument freely ~nd volurr
r~rily ~rd without any compulsan, constraint, apprehension~fear of or from he? said husband. LL
WITNE55 my Iwnd ~nd official seal this d~y of P_ D. 19_5L~_
~ _ . . -
~ ^ - .
~ Notary ubtic io and fw the State of Florids ~t lsry~
My Commission e~cpires: -
Retur~ Ta. ~ P1~It, Slit! Of ~1~ it V~t
~ F~n~ Fede~~~ s~~~~ a~~ wi~«~a~~o~ ~~LE~ AND RECORDED 23, 1969
~ Of Fwt P~erce. ~t~ LUCIE COUNTY. FLA. ~M
F+~ ~ rr
R~GORD YERIFIED . ,
Fort Pierce, Flaida •
' ` .
~ ~ • p s ; < ~
'~6 3 PM 3 - ~ ' ~ ~
. •
145824 :
~ ~ _
- - - , ~
f:O~F_P, 'OITR~S ~ = " .
CLERK CIRCUIT COURT ~ ' ~ ~ ' •
- - ~
, ;
~ _ go~~~7 ~~9 ..:.:~t~.
~
~ p ~ ~ . - - - - - - - ~ ~
; 3v :
~ =