HomeMy WebLinkAbout1018 To pl+a ~nd conNewrously kNp on tM b~+ildinps e?ow or h~rwfhr ~itv+h on saM land and an ~II puipm~et and p~onaliy cownd by Nds maq~
p~„ with ~II pr~miw~ tha~a? p+id in fu11. fin ir?sur~ns~ in th~ ~wal ~ur+dard policy fonn, rn • sun~ approwd dY tlr MORiGAGEE. and wtnd~rorn~
tnawana b tM wwl ~unda.d policy fain, N• awn ~pp~owd by ~M MORTGAGEE. t~ wcA ca+~ny a carw»et~s a ~h~ MORTGA(3EE may
~r ~nd all fin a~d w~~am 4awaio~ policiM on +nY of s~id buildi~pt. +nY inN?~~~ t1+K~in o? pat thK~ol, in ~~prpat~ swn afanaid o?
N acaa N+e~wf, ~hall conrain tM uwal ~tandWd ma~ps~ d+~+~ or ~~ch otM~ dws~ as tM Matp+pM n+a~ n~wv~. n+atirp tM loas uedK aid po1F
dM. tach ~nd waY. WY+bI~ w s~id MORTGAGEE ~s i~s IntKest m~y appMr. and ~ach and ~wry wd~ policy ~hall b~ P~a^P~h? us:qn~d ~nd d~liva~d a
~ny MW by uid MORTGAGEE u(v.dwr Na.iry ro aid ma~p+p~ deW. ud. ~at I~a tMn tM p~ d+ys tn adv~n of tM tzpir~tioe of wch policy. to da
liwr to wid MORTGAGEE • r~wal tF~wf, top~tha with • neeipt iw tM pnmiw++ of weh ne?~w+l; and tha~ sMll b~ no iin a winds~am imw+nc~
p1~d on any of wd build'~nps„ any tn~erat thuHn or p+n thKwf, vnlys in ~h~ forni ~nd with tM lou p+Yabl~ +s +for~siidt and in tF~ ~v~nt any wm
of a,e,ay b~cana psyabb wdN wch po1k1? a policiea ~+id ~RORTGAGEE ~hall Mw tM opr~on a?~uiw «+d apply th~ su~ on accow+r o1 ~M ind~b~~
nqs Mcvr~d FMnby a a p~mit Hid MORTWIGORS ro rsqivs and ~f~ it a ~ny pa~t 1Aereof fa other purposd. without 1F?aeb/ waivi,q W ~mpair-
+~Y ~h. ~i~n w ripht w~de~ or by virlw oi this mott9+pet and h tM ~vMf s~id MORT3AGORS sMll iw any rtawn fail to kkp tM uid premiies w
~+w..d. o. f.~~ w d.rw~ a«w+b •~+r of said poliws of inswN+t~ M said MORTGAGEE. a ra~~ ~.o~~iy ro P+r w~h +~w w•~+i~m+ ~~.t« a~+y
n~pat f~il b p~rfa~ d'ach+ry~. ~x~cut~. ~ff~ct. campkt~. compty with ~nd ~bid~ by Nia cown+~4 a any psn I+Kwf, said MORTGAGEE may pl~c~ a~d
p~Y fp wcfi {ryu~~ pr ~ny put tM«of without waMinp a aff~ctinp +nY option, IiM. puity. a~ ~ipht w~da ar by virtue of this Malpay~. and ~Iw
fvll ~mount of ~ch ~nd wKy wd~ p+YmMt sh+ll b~ immdiat~ly du~ ~nd pr+bN Md ~h+ll b~a~ intKat from tM d~t~ rMrwt uMil p~id M ~i+~ r~t~ oi
nin~ p~t antwn p~t «rwm ud topetl~ with sucA inter~at sh~ll b~ ~cw~d by tM li~n of tl~is mo~t~+pt.
1. To p~rnil; commit or wHM no wat~, ImP+innent a d~tKiaation of s~id propKty or ~ny put tMrwf•
S. To pay all ard ~ieqular th~~oosn. eh+rpea ~nd ~xP~r?s~~, ineludinp a rsason+bb anorn~y'~ fN and aosM of absn~ets of titb. incwnd o? p~W ~t
~ny tiew by s+id MORTGAGEE, b~uus! ot in th~ ~w~t of tM failw~ on 1F?~ p~rt of the taid MORiGACaOR b dufy, pranptly aed fvlly p~rforni, d~schar~
~x~cvt~. ~fhd. oanPl~?~ aon+P~Y with and abide by ~sd~ and ~very tM stipulafiaw +W~^~s. ca+ditions. and oow~+nn of said p.omiswry noh u~d thi~
mat~ ~ny a~i~ha. and ~a~d aosta. charqes and esp~es. ~ach and ~wry. shall b~ imrnediably dw and payable: wfie~her a ~+01 tMr~ b~ no?Ki d?
~n~nd, ~tt~mpr w odNct a wit PNidinpj and th~ full arnount of ~sd+ u~d ewry wch p~rment ~?+II b~a. inr~.~~ fran ~M da~~ ~tw~of w+til paW ~t ~he
rat~ of nim pN oentvm p~r anwmt u~d all saW o8s», cMr~ and ~xpanses intwr~d w paid. topNlwt with such interpt, ah+ll b~ s~a+r~d b~r tM Iwn of this
^~q+~
e. TMt ja in th~ ~wnt of aay breadi of this Map+pe w defauh on th~ put of th~ MORTGAGOR. w(b) in th~ ~vent any of ssid ~w~ro of mawy
h.ntn hf.rnd a b~ na pranprty +nd fvly paid wi~hin rhirry (30) days n~xt ahe~ the um~ ~everally baoms du~ ~nd payaW~, withoW d~rnand o~ noticr.
or (rJ tn fh~ ~wr~t e+ch and ~wry th~ stip~la~iont, ~~~na+ts. conditions +nd cov~nh of s+~d promissory ~wtt u~d this mwtpap~ any a ~itl+K ~r~ no1
iuly. ptomptly wd fully pKform~d, d~scharped, exea+ttd, effeded, compl~ted, complied with and ~bided by, th~n in eithtr or ~+y such ~wnt tFw s~id p~
prg~t~ swn rtwntioMd ln s+id proma~ory ~ott then ~~maininp unpaid, with interut aarued, and all monaps s~tured her~by. shall beooir~e dw u+d p~y~
~bb forthwitl~, OI tFN(Nf1N, ~t th~ optan of said MORTGAGEE, ss fully and completeyr as If dl of tl+e said wms of awr?~y wen oripinalty Nipul~ted
ro b~ paid on wcA dsY. anythirg in s+d p?om~ssory eob w in this Martyspe to tM contr~ry notwithitu~di~p: and tM?wpon or there~fta a~ ~M option of
•aid MORTGAGEE. witlaut not~n or demsnd, wit at lawr w in pvity. tlwdon or t!?srsahe? l»pw~, m~y be prwecvted as if all montys sacu~~d hereby
N+d ma+w~d prar ro in intGtwion.
7. TMt in th~ ~vent that at the be9in~irg of or ~t ~nr time pending ~oy wit upa+ this Morty~pe, or to fwedos~ it, w to reform it, a to e~fora
payrne~?t of any daims herwnd~r, said MORTGAGEE shall apply to the Caxt hsviny jusisdiction thereof fw tl+e ~ppantment of ~ Receirer, such Goun sh~ll
fortliwith ~ppoint a receiv~r of iaid mort9ayed property +II and sinpul~t. includ~ny all and singulsr th~ income, p~ofits, issues and revenue~ from wM~~ver
soura dKiwd. ~ach and svery of wl+ich. it beinp expressly w~derstood, is her~by mw~9~ged as if sp~cifically ~t forth and d~wibed in th~ yrantirq a+d
Mba~dwn clavaes hsrwf, u~d s~ch Reuivar ~hall h~ve ~II the bro+d and eff~ctive funa~oen and powers in aoywise entnnted by ~ Cwrt to ~ Receivsr, and
•ucb appo(nMwnt sh~ll be msde by such Co~ut u an sdmitted equ~ty ~od a m~tta of absdute riyht to s+id MORTGAGEE, w+d without retercnce ro t1k
~dequ~ey a inad~quacy of tM valw of ths prbperry mwr9ped or to ~he wnraxy or inso~vency of said MORTGAGOR w tM defendann, and that such
rsnn. profits, inoore~, iswa and r~venues sh~lt be sppliad by such Reuiva sccordinp to the lien a pvity of s+id MORiGAGEE and the practiu of such
Caxf.
3. To duly. pranptly ~e~d fuly pufwin, dach~ry~, exscvte, effect, complcte, oomply with ~ed abide by ead~ and wery tM s~ipulatioru, apreemenn,
conditioen and oovenants in said promissory not~ ~nd this mortyay~ set fwth.
9. TMt in the eveM N+e ownsrship of the nwrtgsped prem~ses, a any part thereof, bsc~nes vat~d in a perwn wher thsn the MORTGAGOR, tFw
MORTCs/1GEE, ita wcoeuas N+d assipns, m+y, without ~otice to ths MORTGAOR, deal with :uch s~cassor w successor in intcre~t with reference ro tnis
mort~ap~ ~nd the debl hsreby secv~~d in the same marr~ u with Mortg~por without in ~ny w~y vitiatirg or diuhupirg the Mortyapws' liability hsra
under a vpa~ the dcbt hcreby secured. No sak of the premises Mereby morty+ped ~nd no fwbearance a+ th~ p~n of tFM MORTGAGEE or its wccessors
or ~ssigen and no extension of the time fw the payment of the debt hereby secu~ed 9iven by th~ MORTGAGEE w in wccessors w au~ra„ shall opaaq
to nt~as~, diacharpe, modify d~ge w affect ths aigi~+l lisbility of the MORIGAGOR hae'u~, ~ither in whole a in part•
10. It b ~pecific~lly ayreed th~t tim~ h of tM essence of this to~ract a~d that no w~ivar of uyr obliyatan herwnder a of tM obfia~Ywn sr
cursd hK~ sh~ll ~t ~ny tiim tharcaher be held to be ~ waiver of the terms herwf a of the imtrwnent ~ecured herby.
11. In addition to tlw fwego:ng mo~thlY psYments of print:p~l and interest required by the prom~uory ewte secured hereby, mort9sgor tover?~Ms
and ap~ees to p~y to mortpage~ with eath mon~hly paymeM an ~dd~rion~l sum esr~msred by mortyagee to be eqwl to 1/12 of the ~nnwl cost of the follow-
ing:
A-All real property tszes kvied w assessed agsinst the ~bove described reat estate.
d-Premiums on fire and wir~dstorm inwrance as herein requ~red to be urried a+ the improvements sitwte on the ~bove desvibed premises.
C-Premiums on s~ech mort9~ge guar+nty insurance u mortg~gee ~hall fran t~me to time dcam fit to tarry on tl+e lo~n secured hereby.
Mwtysge~ sh~ll from time to time notify mortg~gw in writing of tht amount due and payable hereunder and tuch wm shall thcreupon be due ~nd
paYabb on the dw daM of the next moe~MlY paYment ~nd each wccessiva month ti~ereafter until mortysyee shsll notify nartgsgor of • change in wch
amount. Sixh wms thall be ~pplied by mwtyayee toward the payment of real p?opeAy faxes, inwrance pem:ums, and mortya~e gwranty inwrance
W~•
[ WITNESS WHEREOf, the said MORTGAGOR h~s hereunto set his hand and seal the day and t aforasaid.
~ S~d liwred tM prp~nce of:
ry
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STATE OF FLORI~A ~
55.
pF St ~ Lueie
d~fon n» p~rsoMlly ~pp~and and
V i rg in i 8 A. E d d eme n h;, W;r~, „,ne r,,.~, kno~,n ,,,d know~, „ me w b.
ths ir~vidwb d~scribed in and who ~xecuted tM foreyoiny tnstrwnent, and ~dcnowledged befon rr~ th~t tMy ex~a,ted tF~ ssn» for t1x purposes
~~.,e~ .,~,.d. ,?~,d tn. ,,:d Virginia A . Eddlemen _
w;,. ~r th. „w Rey~nond C . Eddleman , . P,;,,,»
exuni~ution by ms take~ s~p+r~f~ and ap~A from Fw wid Fwiband. ~dcrawbdped to and befwe rn~ tMt she execvted ssid irotrurnent freely and volw?~
t+rilr and without aryr oornpulsion, corntraint, ~ppreF~ension, a f~ar of o~ from her said husba .
WITNESS my hand ~nd offiwt seal this Z~ ~ day of A. D. 19~
~ ary PuWic in and fo~ tla Statt.of ~~{arid~ ~J
y ' ion np+ro.: - ; ~
~ R~twn Ta E Cc~~ys ` _ . . "
first fd~ra) Ssvinys ~ loan Associat'an Q ~ / a ~ ~[,~,RI~
oi Fort P~erce. F1LE~ A~~ REC R F`-A• ~qi PUBUC. AT~'df!~ID11 1~ -
~ Fwt Pierce. Flaida S-~. lUC1E_~ ~U R1F EO IIY COMMfSS101~ ~FRE~ _
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CLER~'~LRCU{S ~ UR
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