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Home My WebLink About1565 To plap ~11d OW1fi1N1pUSI~I ICl~ 011 iM bllildifl0! I10w M MfNffN fifY~t~ Of1 tiid Iaf1fl N~ 011 ~II CQY{pmlM Nld ~IiOMil~l COVNld ~l t11{~ IROtf~ p~, with ~U pnmium~ tMr*on p~id in full, fir~ insur~nc~ in th~ viwl uandard poticy fwm, in • twn approwd by tM MORTGAGEE. ~nd wir?dstam ~ insurM+cr in tM ~swl ~undud pol~cy fam, tn a wm ~pproved by ~M MORTGAGEE, in tuch cwnp~ny w compani~s as th~ MORTGAGEE miy dinct~ and ali ttn ud windsarm in:wanc~ policies on a~y oi ~aid buitd~nys, ~ny tnteryt 1hK~in w par~ the.~of, in tM ~pyrepa~~ sum af«aaW a in ~xc~s~ therwf, ~hall cont~in tM uswl stu~dud ma~gage~ d~us~ a:uch o~F?K claus~ ~s th~ JMonyage~ en~y nquin. maAinp tM to~s undK uid po1F ciN. ~ad~ Md ~vKy. paYabl~ to saW AAORTGAGEE ~s its intereu may ~pptar. u+d each and ~vay iuch pol'rcy si+all be promptly au.qned ~nd dNivKed ro ~ny MW by taid MORTGAGEE a funhK Ncwity to aid ma~p~ debt, and, nof I~u IMn ten (10) days i~ advar+ce of tM expi~ation ol e~ch polity. to d~- livsr to s~id MORTGAGEE a~wal tMnof. topeth~? with • reuipt fw the pr~mium of s~ch renewalj and tMn ihall b~ ~o f~r~ w windstam Inswanc~ plac+~1~) pr~ uqr of taid buiFdinps, any Inler~al fMr.~n w p.n ~M~eof, u~leu in tFK form and with tM losa payabl~ u~fwesaid; ~nd in tM evsnt any swn of moMy b~conws p~yaalt w+d~r such policy a polrcie~ said MORTGAGEE ihall Mv~ th~ option to receive u+d ~pply the s~nrN on accoum of the indebted~ ~+eu Ntur~d h~nby a a pKmit s~id N~pRTGAGORS ro receiw and ust h a any pa.t the,eof for other pwpoa~s, wi~hout thereb~ waiving w,mpair- inp +ny puiy, lien or ri~ht ueds~ ot by virfw of this mortys~; and in tM ~vent ~aid MORTGAGORS sha1) fa ~ny reaso~ fai) to keep the said p?tmius w Insund, a f~i) b dtlivK promptly ~ny of qid polities oF inwrance to ~aid MORTGNGEE, a(ail promptly to pay fully aoy premivm thetefa a In any rapett fail 1o pafweq, disctyrp~ ~x~ut~,- ~ffeN, compl~te, tomply with ~nd abid~ by t!w cove~ant, o~ ~ny pu1 httwf, ssid MORTGAGEE may place ~nd WY b? wd~ (rawu~o~ w~ny part tl+Keof withow waivinp w sffadiop ~ny optiay IiM, puity, or ~i~ht ur~r a by virtu~ of thii Mat~ape, u~d the full amount of tach ~d ~wry wch paym~nt shiH ps immediately dw and pyabl~ and ahall beu intere~t from tM dat~ thereof o~til paid at tM rat~ ol nin~ p~t cN?him pu uwwm and toyether with such ietaest ~11 be secured by tM li~n of this matpa~e. 1. To permit, oommit or suffu no wut~. impa'ument a dete?ior~tion of said property or ~ny put thereof. S. To pay all and sl~gvl~ tM cosn, eha?q~s a~d expa+ies, includinq a reasonable attaney i fee snd oosn of ~bstract~ of titls, inc~rred w paid at any tirrN by q~d MpRTGAGEE, b~cavse or in tM ~vtnt of tM fsilur~ on th~ pirt of tM s~id MORTGAGOR fo du1y, p~omptly ~nd fv~~y pKform, d~xMr~R sxccut~, ~ffed, oompbt~, oomply with aod ab~da by each and every the stip~lano~u, preemeots, conditions, and cowr?~nts oi said promiuory not~ and this ~ortp~p~ any or arF~. ar~d sa;d costs, charpea and expenses. each and ~w~ry, shalt bf inwnediarely dve and payabl~j whether a nof rher~ be r.otice de~ mand, ~thrt~pl to tollaq pr wit pu~din~~ and tM fvll artwunt of each ud svery svch paymeM shall bear inttr~sl from tAe date thereof until p~id at the rare of ~ per centum per ~nnum; ~nd sll s~id cosq, char9es ~nd expe.~ses incvrred w paid, toge~her w~th such inler~tt, shalt b~ acurad by tM lim of this ^'arpp~. 6. ih~t in tFw evanf of any bach of tNs Monya~ or defwlt on tM pan of the MORTGAGOR, w(b) in tl+~ tvent u+y of s+~d wms of mon~y her~ln nhn~d ro be nof promptly snd fvlly paid within thirtY (30) days nexl afte~ the same severally becoms due ~nd pay~bte. wifhout demand a~?otice. or (c~ (n th~ ~vMt fach ~nd ev~ery ths stipvlatioro, agreemenn. conditions and cown~nts of s~~d promiuory note ~nd th~s mortya9e ~ny w ~itMr a~ nol iuly, prompNy and fu1M ps~formed, d~scMrged. executed, effected, completed, complied with ~nd abided by, th~n in e7tiwr w a~y such ~wnt tM ~sid~ a~ yre9ah swn m~ntioned in taid promissory rqte then remainirg unpaid. with intere:t acaued. aod a11 rnoneys ucvred. F~arebY. shal! becom~ dw and pay- •bl• fwthwitly or tMresh~r. ~t tht option of s~id MORTGAGEE, as fully snd compktely as if ~II of the sa~d swm of money were orpioally sGputated to b~ paid oe wcA day, anythinp in iaid p~oanissory note w in tha Matysge ro the contrary notwithsqndinp; ~nd thare~pon w thereaha at rhe oprion of ~aid MORTGAGEE, w7thout mtic~ a demand, wIt at law or in equity, ther~fore or thercaf~e. be9un, Aw~ b~ prosetw~d~ ~s vi~ N4 awniys s~cured hereby h~d rtutur~d ptiw fo ib i~xtitution. 7. Th~t in t!~ ~wnt th~t ~t the beginninq of or ~t any time pending sny wit upon this Nbrtga9e, or to foreclos~ it, w to refwm if, or fo enfwp P+Y?~1 of +ny daims herevnder, said MpRTGAGEf shaN apply to the Cov» hsving jurisd~p;an thereaf for tM appoi~tmeM of ~ Receiver, s~ch Coun shall fathwNh ~ppeiet s noeiver pf sai~ mprtpsped property all ~~d singulu. includ~ng all and singulsr the intoms, proiits, isw+s u~d rev~nues irom whatevtr souru duiwd, e~ch and ewry o# wFiich, it beinp ~xpreuty ~nde~s~ood, is hereby mor~gaged u if :pecifiulfy set forth and desuibed In the pr~ntinp snd hsbendum dawes he~eof, u~d wch Receiver shall have ~tl the brwd and effective funct~ons and powers In snywrise entnnted by ~ Coun tp • Receiver. and wch sppoiroment sh~ll b~ made by such Court as a~ ~dmitted equity a~d ~ rn~tter of absolute rpht ro s~id N~ORTGAGEE, and without rsferenc~ ro ths ~d~9~+h~ a M+deCv+cY of the wlue of the p~ope.ty monQaged w to ~he sotrency or insolvency of uid MOgTGAGOR or the defendsnts, and that such renn, profib, incwne, issues and nvenues sMll be spplied by such Receiver accwdinq to the lien or puity of s~id MORTGAGEE and ths pwctice of such ! Court. ~ 8. To duty. promptty ud futly perform, dischar~, execute, eHec1, camplete, tomply with ~nd abids by ead~ ~nd every the stipulatioe~s ~yreemen», cortditions and aovenann in aaid prombsory note uad this mortgage set forth. ~ 9. Th~t in tF,s event the ownership of the mortg~yed prerr,ises, w sey psrt thereof, becwnes wstsd in • p~rsw~ other than the MORTGAGOR, tM MORTGAGEE, tn successws and ~ui~~, may, without notice to the MORiGAOR, deal with such successa or ~utcts~or in inte~esf with referMCt ro lhis mort9ap~ and the debt hereby secured in the same marux~ ts with Mwtgagw withovt in ~ny way vitiatinp or discMrying the MwtysQon' li~bility hert under w upon tM debt hereby iecured. No sale of the premises hereby mo.tgaged and no fabear~~ce on ~he pan of th~ MORTGAGEE or in suaesson a suiym and no extension of the time for the p~yment of the dcbt hereby secured yiven by ~he MORTGAGEE or its successws or sssigru, shall operaN ro nleau, discfiu~, mo~dify dyngs or affect the wiginal liability of the AM1ORiGAGOR herein, eithe~ in whole or ie part. 10. It i~ specifically egreed tMt time is of the essence of tha contract ~nd that no waiver of ~ny oblipation f~ere~nder or of ths obtipation se- ; cured hertby shall at tey time thereahea be held to be s wsiv~r of the terms hereof a of the instrument secured herby. 4 11. In addition to the fwego:ng monlhlY psYmems of print'pat and imerest required by the promissory nore setured hereby. mwt9sgw covtnants 4 and aqrees to pay to mongagee with each monthly payment an add~~anal sum est~mated by mortgayce to be equ~l ro 1/12 of the a~nwl cost of the follow- ~ infl: i A-Al! real property taxes kvied w assessed against tF~e above described real esute. ~ ' B-Premiums on fire and windstorm inwrante as he?ein requ~red to be urried on tlx improvements sitvate on the above desuibed premises. C-Premiums on such morigage guara~ty insura~ce as mortgagee shall from time to time deem fit to carry on tF~e bsn secured hereby. Mwtysgee shall from time to time notify mortgagor in writing oi the amount due a~d payable hereunder artd ~uch sum shall therevpon be due and paysble on the due .+ate of the next mopthly payment and each successive month thereafter urtil morfga9ee shall notify mortgagor of a char~ge in such emount. Such sums shall be applied by mortgagee toward tF+e payment of ~eal property bxes, ins~ronce prem:ums, and mortyage guar~nty inwr~nce premiums. WITNESS WH , the said MORTGAGOR hss F~ereunto set his hand ~nd xal the day snd yesr fint ~fwesaid. ~ and liver in the presence of: ~ r n e , ~ h n - STATE OF FLORIDA St. Lucie - ~ ~ counmr of I defore me personally appeand Charles M. Pherr :nd ~ Elizabeth M. Pherr ~ hn wife, to me well known and known to rtK to bs the ~nd'rvkiwb described in and who execvted the foregoirg instrument, and acknowledged befo~e me that they executed fhe same for ths purposes , ~?~~e~~ ~„d r~, Elizabeth I~I. Pharr ~ wife of r~. ..w Cha rle e l~i. Pha rr - ;~;,t~ .~,a arv.t. C examinaYan by me takee sepsrste and apan from her seid husband, adcnowledged to and befwe me that she execvted :aid L~a~,~.~ 'fr~el and volurr j reriiy and withovf ~ny compulsion, corubainr, apprehension, or fex of or from her ~aid hvaband. ,`,~~~-~~i1~~17"~~,-Y . WITNESS my haod ud officia! sea! lhis /.5~~! ~y af Q\~.,~i~~:~(Q~ y • , k~e~ b,19~_ . • ~ • Notsry Publit in ~~d fw ~~i ',,p ~ - My Comm~ssion e:pira: = " ` ` . _ Retum To: . - -~t"':~' . ~.r, - _ Fint Fadeql Sa s 3 lou? ~R p t'.'~. C' - vlrg Assotiation - , FILEO AND REC = ;'s " = of F~ P;~.«. T IE COUNTY. LA ~ i FO~t PilKQ. FlOrida .S 1. LUCi tr • n~~,•. RECORD VERIFIE "%,~~`i~ • ....:,.t' ' . ~~ry pUBUC. STAtE of FLORIDA at IARGE ~ ~ . , , • , • , , p . k MV CMAfA{SSION E~~66 ~~tl+2~. I~ f~ ~ O f ~ 1~6~30 4 ; ~ n0.~[-r< f'01TRAS CLERK CIRCUIT COURZ ; ~ . B40K ~50 364 . - ~ - . ~ ~ r w ~ : - - _ ' s~ ~ ~~,~~x.