HomeMy WebLinkAbout1569 To plaa ~e?d oonti~wovaly 4Np on tM b~ildinqs now w ha~after situat~ a+ uid I~nd and on all equipreKM ~nd paso~+lh aov~~d bY ~his morlp~
~g~, with df pnmwm~ ~Mr~on p+id in full, fi~~ iniv~+nc~ in ~M ~swl ita~+dard policy fan?, u+ ~ twn appowd by th~ MORiGAGEE. ~nd wi~tam :
~nswu~a In tM uawl ~ue~dard policY farA, in ~ ium ~R~owd by ~M MORTGAGEE. in such comp+ny w c«npan,~s a th~ MORTGAGEE m+y i
dtr~ctt ~nd all fk~ u~d windstonn inwrana policies on u+y of NiII bUiWi~3, NIy U11NHt iM~t11~ Of pitt tIN~lOf, in ~I+~ appres+~~ wm ~for~s+id or
Rn ~xc~ss tM~wf. ~MII cont~in tM ~?tual standud mortgage~ claus~ a such oiM~ tlws~ u th~ MatyagN may reQ~a~. makkp tl» lou undK sa~d Po1F
ci~s, sach ~nd ~vKy. paYabi~ ro ~aid MORTGAGEE ~s its intcrat msy ~pp~a~, and sscl? +nd erery ivch policy ~hall bt promptly su:~n~d ~+d dtliv~red M
•~y Mld by s~id MORiGAGEE a fwtha seauity to s+id mat~a~ d~bt, and. not I~ss th~n ten l10) d~ys in adv~nce of tM ~xpiration of e+ch polity, to dr
livsr ro aid MORTGAGEE a r~newsl ther+of, tope~hu wi~h ~ rete~p~ for the p~~mium of such rerawal; and. ther~ shall be no fir~ a w~~+ds~wm inwwnc~
plaad on ~ny of ~aW buildiegs ~ny Interat thK~in or p~rt the~eof, unleu in th~ fwm and with ths loss p+y+bM as ~fa~s+~d: +~d in IFK evenf a~y wm
of mon~y beconws p~yabl~ u~ wch PdkY a? Po~Kies uid MORTGAGEE shall h~w tM optwn to receive and ~pply 1M s+m~ on +~cou^~ of tM ind~bted- ;
neu s~tw~d hK~by or b ptnnit s~id INORTGJIGORS to reuive u~d us~ h or any pa~f 1FKreo} fw other purposes. without thxeb~ waivi~g w u++p+K- ~
I wr~d. or f~ 1 to d~liw P~~ +^Y ov~~ Po~K
~ f inieursnu, ro s+idvMORTGA~GaEE.TorAf~Rpromptly to p~y~fully any tprennium ~her eor w in any t
nsp~ct f~il b pKforen, discharp~, execut~, ~ffec1, complN~, comply wirh and abid~ by ?his covenant, a any part hereot, iaid MORTGAGEE may p~+ce ~nd
paY fw wch Giwranu w ~ny p~rt /Mreof withou~ waivinp a aff~ctinp any opt~on. li~n. W~ity, w ~i~ht w+da w by virtw of ~his Nbrtp~p~. +nd tM
full ~rnount of ~ad~ and ~vKy wdi p~yma+t sl+all be irm~cdiat~ly du~ ~nd paysbl~ ~nd ah+ll b~ar inte«st from tM d~t~ thereof until p~id st tM ~at~ ol
r,ine per oM+him p~t ~niwm and to9Nher with wch lnterest shall be secured by tM lisn oi tha matyap~.
4. To pKmit, comndt or wffer no wute. knp+irmeM a d~tKiordion of s~id p~operty w any part thereof.
S. To p+y all ~nd sinpvlar th~ costs, ch~?~es +nd eapenses, inclvdi~p a rcsso^+ble ~tror^ey's fe~ snd costs of ~bst~~cts of title. incu?~~d o~ P+id ~t
~ny tien~ by aid MORTGAGEE, becwse or tn tM ~vent of the failure on the p~h of ~FK uid MORTGAGOR ro duly, prompth +nd fv11Y perform, d~schary~
~xecutq ~ff~ct. oanpbt~, comply with uid ~b'~de by exh and every ths stip~lat~oe?~, a9reemer?». conditia~s, and cown+nts oi said promisswy note and thii
mort9+~ ~nY w ~itMr. ~od said aosts. cMrpes ~nd expa?ses. each and ~very. sMll b~ Gnmediatety due ~nd p~y~ble: whetF~ a not the.~ b~ r~otiu dr
mand, ~tfempt to cdkcl or wlt pendirgt aed tM full amount of each ~nd wery wch P+Yma+~ sh+~~ be+' i^tereit from the date thereof w~til p~id af the
rete of ~irn per centum par annw+4 and ~II said costa, charges ~nd expenses i~curred w paid, toDetl+er with such inter~st. ah+ll b~ s~a+nd bp ths li~n of tha
mortpap~.
6. TMt (a) in tM ~vent of any beach of this Matpa~e a default on the p+rt of the MORTGAGOR, or (b) In the ~va?t any of a~d sums of maMy ~
her~in r~fKnd to bs oot promptly uid fuly paid within th~rty (30) days nexl afte~ tM same uverally bacon?s due and pay~ble. wilhout dem~nd o? notite,
or (c) tn t!w ~wnt exh ~nd every ~F?e stipvlations, ag~eements, conditions ar+d coven+nn of ssld promissory rate snd th~s maty+Q~ +eY w ~i~he? ~re ~w1
iuly, prompNy and fullp psrfonned, d'acMrged, executed, eifected. compkted, complied with and ~bided by. tMn in eitl~ a u~y such ~wnt tM s+id a¢
grsyat~ sum mMtioned I~ Nid promissory nob thsn remainirg unp~id. with intere~t acuued, and all moneys setvred. hettby, sMll becoms dw and paY
sbl• ~O?fMNIfI1~ p fANNffH. at tM option of said MORTGAGEE, ~s fvlly and completely aa if all of ~he said wms of mawy wart oriyirwlly stiputated
to b~ paid on wch day, anythinp in said pr«nissory ewe w in ~ha Mortyaye ro ~he conrr~ry no~wi~hst~ndirg: and thereupon a thereafta ~t tFw option of
seid MORTCsAGEE, wittaut notio~ w dem~nd, wit at law a i~ eqvity, there(ore or thereaiter peyvn, m+Y b~ prwecw~d u if all mon~ys wcu~~d hueby
hatl matvnd ptior to iri instilWion.
7. 7Mt th~ ewnt th~t at the begiening of or at any time pending any wit upon this Mortgay~. w~o fo?~clw~ it, e? to rofonn it, a to enfora
paYment of any d+ina he~evnder. s+id MORTGAGEE shall apply to the Coun havi~,g ju~isdk~an therwf for tiN ~ppp~ntment of a R«eiver. svch Coun shall
fwthwith ~ppoiM a r~ceive~ of s+id mwipsped property ~II ~nd sirgula~, includuq all and singular the income, profits, iuues a~d reve~ues from whateva
wurce dariwd, Nch ~nd tvsry o~ which, it beinp ~xpreuly unders~ood, is hercby mortgaged as if specificstly set fwth and deur~bed In the ~raminp and
hab~ndwn davaes hereof. and wch RecsivK th+ll have sll the brosd and effecrive fvnd~ons and powers in ~~ywise entrusted by ~ Court tp ~ Reteives. ~nd ;
~uch appofntmtnt sMll b~ m~de by such Co~rt ss ~n admitted eq~ity +nd a ma»er of absolute ri9ht to s~id MORTGAGEE, ~nd without reierence to tM
adeq~scy a in~deqwcy of the wlw of the property mort9aged w to the sowency a insolvency of said MORTGAGOR a tF~ defend+nn. and that such
re~rs, profits, incane, issues ~nd rovenues shall be applied by svch Receiver sccordiry to tM lien or puity of ssid MORiGAGEE and the practiu of such
Court. .
8. To duly, promptly ~nd fvlly pe~form, disch+rge, execute, effect, complete, comply with and abids by ach and ~very the stipvlations, sgreemenb, E
co~diYans ~nd coveosnts in said promissory note uid this mwfgage. set fwth.
9. Th~t in tM eveM the ownenlrip of the mortgsyed prem~ies, o. sny p+n thercof, becomes vest~d in • perwn othsr thsn the N10RTGAGOR, tl+~
MORTGAGEE, its uxceuon and ~ssiyns, may, without notice to the MORTGAOR, deal with such succssaor o? aucusso? i~ imerest with refertnce to this
mort9aqe ~nd the debt hereby setvred in the same msnner ss with Nbrtg~gw witFaut in any way vitiatinp w distharyirp the Mortqayors' liability her?
under or upon the debt hereby secured. No ssle of the premises hereby mo.tgaged +nd no (wbcar+~ce on ~he P+h of tM MORTGAGEE or in s~aesson
or eatip~ and ew extension of the time fw the paymem of the debt hereby secured yivsn by the MORTGAGEE a iq iuccessors or usigns, shs~~ oper+tt
to ralease, di~rpe, modify chsnge w affecl the uiginal li+bility of the ARORiGAGOR herein, either in whole w in part.
10. It ia specifically agreed that time is of the essence of this coMr~ct and tMt ra w+iver of any obligatan F?~reunder or of tM obliq+tion se-
cured h~reby shall at any time thereafter be held to be a waiver of the t~rms Ixreof a of the instrument aecwed herby.
11. In additan to the forego:ng mw?thly payments of princ:pal and interest required by the ptomiuwy nole secu~ed hereby, mwtysgo~ eovtnants i
and a9rees to pay to mortgagce with each monthly payment en additwnsi sum estimaled by mortgagee to be eqvsl to 1/12 of the annual cost of tF+e follow- ~
I
ing:
A-All real property taxes kvied or assessed against the a6ove deuribed real estate. ~
d-Premiums on fire and windstotm insurance as herein requ~red to be u?ried on the improveme~ts situate on the ~bove desvibed premises.
' C-Premiums on such mwtgage 9wranty insurance as mortgagee shsll from t~me to time deem fit to urry on the lo~n secured hereby. ~
~ Mortyagee shall from time to time notify mortgagor in writing of the amount due and payable he~cur~der and such sum shall thercupon be due and
~ payable on the dve date of the neat monthly payment and each successive month thereafter urtil mwtgagee tMll notify mortgagor of s change in such ~
` amovnt. Such iwns shall be ~pplied by mwtgagee toward the payr*+ent of real property taxes, insurance prem:ums, and mortg+ge gw?anty insurance
k premiumf.
IN WITNE55 EREOF, the s+id MORTGAGOR Ms hereunto set his hand and sesl the day snd year irst af esaid_ ~
S~s and ~ in of:
~
. ~ ~ . ts..q I
rse.~
STATE OF FLORIDA ~ ~ -
SS.
counmr oF St. LuciA
bef«e ms p~rwnally +ppesred w G. NOI'Ve 1 ~ _ and
~n81 P Norvell his wife, to me wetl known snd knawn to me to b~ ~
the individwb dewibed in a~d who executed the fore9oing instnxnent, and stkrawledged before me that they executed the same for the pwposes ~
~h~,~;,, Opa 1 P. Norve 11
wife of ths s+id W Ci N02'V911 - upon + separate snd priva» ~
exam~nstwn by me uken sepsrate and apart from her said husband, aduwwtedged w and befwe me that she executed ssid instrvment freely and votuir 3
tsr~ly ~nd witho~t any compubion, constrsint, apprcheraan~~i fea of w f?~, r,~..~~a ~~.,,a. 66 ~
lIC~ ds of J
WITNESS my Mnd and official seal this y A. D. 19 i
~ - -
Notsry Public in ~nd for the Stste of id+ ~T ye
M,? co~s~a, .~~a: ~ 9 ~"p i
Retu~n Tos - ' - ~ V
Fint Fsderal Sav "i loan Aswciatan . m~*n r!^^'^~, ~t LAR E
~ NOTARYPI,~ _
Of Fotf Pierce. ,~~.~~~wt~~~~ ~ QF
t~lY Cc~.. . ~:r~r. 2~. 1_ 3
Fort Pierte. Fbrida :`~a~s ¦oyoea rr~c+oucH F;_Ii Y!. D:L3T~LNUHa7
11.Ep AN~ 0 lN1YOF D~ d'~
- ~ T. UCtE ~ v RIF~E ~ ~ . _ .
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