HomeMy WebLinkAbout2684 To plac~ ae~d conYu?uously k~ep on tl» buildlrg~ how o~ F+acaftN ~itwt~ on said Is~d +nd a? ~II eQuipm~nt ~nd p~nonally covrnd by thls mat~
p~, w;th ~11 prtmiw+q tMrwn pa~d in full. fi~~ insurinc~ ~n tht usuaf sandud policy faa~, ~n + sum appowd by tM MOR~GAGEE, u+d wind~tum
insur~e?ct in tlw usw) ~~andard pol~cy fa~n, in • ~um ~pprov~d by ~h~ MORTGAGEE. in s~ch tompany or companisi a th~ MORTGAGEE n+ay
dtrecf~ ~nd all fir~ a~d winds~am in~wanc~ policies on a~y of said buiW~~+ps, ~ny intlrHt ihMlin Ot pitf tht~tOf. i~ ?h~ ~Qprep~~~ a~m aforaaid or
in ~xuu th~nof. sMli contain tM uswl ataodud mor~QapN tl+use a such o~Mr cl~~s~ ~i 1M Mortp~e~ may ~pvir~. makirg tM tou undM ~aid pdb
cia. ~sch u+d wKY. paY+bl~ ~o s~id MORTGAGEE i~s interes~ m+y ~ppNr, ~nd ~acA seK! ~wry such policy ~hall b~ promptiy ~u:q~sd a~d delivNed to
~..41 6~. ..~d INORiGAGEE u fvrtha acvrity ro said matpp~ deb~, and, not les~ than t~n (10) days in ~dvanc~ of tM e:piration of ~acA policy. ro da
livtr ro taid MORiGAGEE ~ nntw~l Iha~ot, to~e~ns? Wiln • Ir~aiyi iw t;~~ :f ~+-.`~W*~: ~~Mr~ s}ull b~ no fir~ o~ wiod~tam (nsuranc~
placed on ~ny of ~~id bvi~diegi, ~ny intsreit th~r~in a part thNwf, unless in tfK form'and wi~h th~ loss payabl~ as afores+id; and in tM event ~ey fum
of mwwy becomh psYabte such policy w polic;ti s~id MORTGAGEE shall luw tM opr~ to rsceiw and +pply tM wn~ on +cca+nt o1 th~ ind~b~ed
n~u s~cvr~d Iwr~by or 1o p~rmit said MORTGAGORS 1o receive ~nd vs~ it p a~y pa~1 thereof fo~ othcr puiposes, wi~houf thertb/ waiving Os ~mpair-
irq ~ny pviry, li~n a rqhl w~da or by virtw of this mortypts and in il+~ ~ver+t H~d MORTGAGORS shall fa +ny r~ason fail ro keap tM s+~d prtmises w
iniwed, a fdl b d~liver promptly a~y of iaid pol'Kies of inwnncs to said MORTGAGEE, or f~cl promptly to pay fully any premivm tF+~refor a in any
r~spect f~il w pKform, dixM~Qt, ~aecvt~, ~ifact, compl~t~, comply with ~nd ~biiM 6y this cove~ant, o~ any p~rt M~wf, ~sid MORTGAGEE m+y p~u~ +nd
pay fw ~~cA iravrana w any pa?t th~reof witAa+t walvinp or ~Hectirp a~y option, li~n. puity, a ~iyht und~? w by virtw of thi~ Monpp~. and the ,
fu11 ~mount of ~ach and ~wry ~uch p+ymant shall b~ immedi~tely dw ~~vd p~y+bl~ and tlull bear im~~est f.om rF» d~h thereof unti! paid M tl» rat~ ol
n~na pK c~ntum p~r ~nnvm ~nd toge~ha with sucA interest shall be secv~ed by the li~n of Ihis matpsge.
To pumit, oommif or suffer no wut~, i,»pairment or deteriaation of said propert~l o? any p~N thereof.
3. To psy a!! and sinpulsr the•cost~, cFwrpa u~d ~xpN?ses, includirg a reasonable ~ttorney's ft~ and costi of ~bstrarts of title, incurred w paid at
any tim~ by sa~d MORiGAGEE, becaus! o~ in the tvM1 of the failute On 1M part of tht s~id MdRTGAGOR to duFy, promptty and fit!!y par(or+n, d+uharg~. :
execvt~, tfFed, compkt~, comply with snd abide by ~ach and every the sY~rla~ions, apreaments. conditio~s, and cownants of aid pomiswry note and ~his '
mor~9+D~ +nY w e~~ha. uK! s+~d cosn. cearyes arp e::: e!:_!~ s.....,..l~arely dw ~nd wr~bl~: whe?he. or not rher~ be norici d?
mand, ~»empt ro colkct u suit p~v?d~~p; and tM full ~nww+t oi eacA ~nd every uxh p+ym~nt shall bes? intcrei~ from ~M date thereof unti~ pa~a a ri,e '
rate of ~ir» per centvm per annum; and all said c5~ti, cMr9es and expenus incu~rcd w p~id, topeths~ with such interKt, ~MII b~ secwed by ti» lix? of thia ~
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e. TMt l+) in the ~vent of ~ny breach of this Mortyap~ w def~ult o~ the pa~t of the MORIGAGOR, p(b) in the event any of s~sd tums of moe+ey ~
herein nfer~d to be not prompny and fully p~id within lhirty (30) days next aftrr the same severally betane d~e and pay~bk, without demand o~ notice.
or in tM ~wnt e~ch and ~very 1M stipulatio~s, ~greemenb. conditions and covenants of u~d promiuory ~ote end rh:s mortpaps ar~y p either u~ nol .
iulY, promptly and fully perfamed, d~scharyed. executad. ~ffeaed, c«npleted, complied wi~h ~nd ab~ded by, then in e~~her w any such svent ~M s+id ~g ~
~••~t~ wm mantia~sd in taid pranissory noe~ then remainin~ unp~id, with iroerest xaued. ~+d all moneys secured hereby, sMII bccorr~e dw and pay~
abta fathwith, or IFKre~fter, at the option oi said MOR1CaA~sE€. u fuiiy anci compie~efy at if a!! vt tlsr ssed ss~r•: es !~±onsy wero originally stipulated
ro be paid on such day. anythin~ in sa'd promissory ~+ote w in this Mortgage fo the to~~nry notwithsunding; ~nd the?evpoi+ o? thc~eaftcr at tM option of
said MORTGAGEE, withovt ootice or dem+nd, suit at I~w p in equity, therefore or thereshcr begvn, may be prosecvted a if alt ~na?eys secv~ed hereby ~
had matured prwr to iri instiwtia~. ~
7. That Frt tht evenl that i! the beginning oi or at any time pending aoy suit upon thia Mor~gsge, a to fweclose it, w to reform il, or to enfwu
paymertt of ~ny cbims hereunder, said MORTGAGEE shall apply to the Court having jurisdidion thereof fw the appo~~tment of ~ Receiver, such Coui~ shall
fortFiwith ~ppant • receive~ of said mort~aged property aU ~nd singular, includ~rg all and singular the incoms, p~olits, issues sr.d revenues Irom whatever
wurte darivtd. Nth and evety of whith, i1 beirg expresaly unders~ood. i~ heteby mor~gaged u if specifically set for~h ~nd desuibed in the yranrinp and
habendum dauaes hereof, ane! tuch Receiver shall Mve s(1 the b~oad and effective functans and powe~s in anywiu emrusted by a Court to a Receiver, and
such appolntmN+t ahall be msde by wch Court st sn +dmitted equity and a mitter of ~bsolute rigM to said MORiGAGEE, s~d without refcrence to the
adequacy a inadequscy of tM v~lue of the propc~ty rnortgsged w ro the sotvency a inwlvency of said MORTGAGOR or the defendann, and tbaf such
rent~, profits, Income, asues s~d revcnue: shall be applied by suc!? Receiver accordiny to the lien w eqvity of said N10RTGAGEE and the prxtice of i~ch
Court.
8. To duly, promptly and fully pKform, duharge, execute, effect, complete, comply with •nd abide by each ~nd every the stipvlations, agreementa,
ca+ditam and coven+nts ~n ssid promi~sory oot~ and tha mortgaqe set forrh.
9. Tha~ in tke event rhe ownership of the mo.tysped p.emises, w any pert ~hereof, becwna vesred in a person o~he. thao ~he MORtGAGOR, rhs
MORTGAGEE, ib aucceuas ~nd auigns, may, without ~otite to ~he MORTGAOR, dcal with such succcssw a auccessw i~ interest with refcrence to this
mort~aa9e ~nd the debl hereby secured i~ tt~e same manr?~~ as with Mortgaga w+thout in any way vitialing a dixharping the Mortgagors' liabiliy here.
under or upon the debt hereby secured. No s~le of the premius hereby mortgaged and no fubear~nce on the p+n oi tFro MORTGAGEE w iti successon
or assig~a +nd no exteniwn of ~he time fw the payment of the aebt hereby sccured yiven by ~he ARORTGAGEE or its sucassws or au;~ns, shaU operate
ro ralease, dischary~, modify d+~nge a alfect the wig~nal liab~l~ty of ~he N10RiGAGOR herein, either in whole w in put.
)0. !t h spetific+lly sgreed that time is of the qse~te of this contrxt and tl+~t ~o w+iver of any obligation hereunder or of tM obliyation se-
a.red Mr~by sh~ll at sny Yune thereafter be held to be a waiver of the terma hereoi a of the instrumem secured herby.
11. In add~tron to the forego:ng monthly payments of prinCpD( antl imerest required by the prom~ssory note secured F~ere6y, mortgagw covenants
and agrees to pay to mongsger wifb esch monthly paymem an ~dd~rionsl sum estimated by mortgagee to be equal to 1 j 12 of the annual cost of the follow-
ing:
A-All real poperty taxes kv~ed a assessed against the above deuri6ed real estate.
B-Premiums on fire and wii+dstorm insvrance as Ixrein reqv~~ed ~o be u~?icd on the improvcments sitwte on the above desuibed premises.
C-Premiwns on sutl~ mortgsge gwranty insurar~te as mortgagee shsll from time to time deem fit to urry on the loan secured hcreby.
Mwtg~gee shall from time to time notify rtwrtgagor in writing of the amwint due and payable hereunde~ and such wm sha(1 thereupon be due and
payabk on the due date of the next r*wnthly payment and exh sutcessive month eherNf?e~ ur.til matgagee sF~all notify mortgagor of a change in such
amount. Such sums shall be appleed by mortgagee toward the payment of real property tsxes, inwrance prem:ums, and mortga9e guaranty insu~ance
prlmiums.
I WITNESS WHEREOf, the ssid MORTGAGOR has hereuntp ut hes hand and xs! the day ar+d year firat aforesaid.
/ pmd, ~tal~d u~d deli ~d i the preieocr of:
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STATE OF FIORIDA ~
~~„m ~ S t. Luc i e _
~ f,,, P.,,a,,,i~y S am H i 11 and El s i e N, ae H il l, h i s wif e,
_Edward Hill , and Oll ie Ruth Hill , i,;;, W;r~, to me well krawn and known to ~
tM tndiridwb detaibed in and wfio executed the fore~oing instrwr~nt, and ~cknowledged befwe me that they execwed the same for tfa pwpose~
~ rn~..M .x~..:.ed. a~a rh..:~lsie Mee Hi 11„~ wife of the Raid S~m_ Hi 17 ,~nd
~,.;t~eF~i~-,.i~ _ n] 7 i[~ r'?t~th N~ 1 7~. w~ fe ~f the q8ic~ EdWard Hil 1 upon ,,ep,r•te and p.;vat•
examination by me taken s~par~t~ ~nd apaA from her uid husb~nd, sdu+oMrledged to and befae m~ that she exacuted iaid imtrument freely ~nd volun-
tariiy ~+d without arqr compulsion, constraint, apprehension, fear of w from her s~id husband.
WITNESS my h~nd ~nd offitial seal thi ~ day of A. D. 19~SL~
G_-~.(n 1 /'I . ~ O~. ~
,Alotary Public in and fw the Stat~ of Florida ~t larp~ ~
Rehrm To: My Commission eapira: ~
F~~ F.d.~.i s~~~~. a to.~ ~«~a,~, FILED AND RECORDEO Ndary hik. Stik of Horida at tarqe
Of Fort P;erce. ST. I.UCIE GOUNTY. FLA. yy C,o.~issan Expres Sept- 23• ~6'•
P~NCe, Florids RECORD V~P.IFIEO ~Nl~' 1?r'°" F'~ a~~ G_
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