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HomeMy WebLinkAbout1603 S. To pl~a and contGw?ously kNp on tM buildinp~ now w Mr~ahN ~tu+» on said land u~d on all puipn~nl ~nd p~+son+lly cow~~d by ~Ni morq~ eqs, with ~II prtmiums thtr~on paid in f~ll, ti~~ insu~+nc~ ir+ ~M viwl i~andard polity fwiq, in ~ twn approwd by tM MORTGAGEE. ~nd windstam ~niur~na i~ tM uwa) ~~anda~d poi~cy faei, M a sum approv~d by ~!K MORTGAGEE, in such company a ca~p+nks a tl+~ 1r?ORiGACsEE n+sy directt and all fit~ u~d wi~d~wnn inwraea policie~ on any ot ssid buildrtpa, ~ny ieh.est ths«in a parl tMrwf, in tM apqre~+r~ ~um ~fa~aid a In ~xcea thKwf, ~MII cont~tn th~ uu++l studard mort~s~ claus~ a such othK cl~us~ u tM Mortpa~N may ~pu~n. makinp ~M bss w?du sa~d pd4 ~ cia, e~ch ~nd ~v~?y, payabb b~W MORTGAGEE ~f its intcrett m~y ~pp~a~, snd each snd ewry such policy sMll b~ pranptly ~u:yned +nd dtliv~red ro a~y Mld by s~id MORTGAGEE as fwthK ~ecwity to s+id mortpap~ d~bt. u~d, oa I~ss than ten (10) days i~+ advancs of ~h~ ~xpi~ation of ~ach policy. to d~- ; I~va to uW MORTGAGEE a ~~wal tiwrwf, topNha with a ~eceipt fa tM pr~miwn of wch renewal; u~d tl+~r~ shall b~ no fir~ or winds~«m intur~iu~ plsced on any of said buildinpa. ~ny inte~at thHein w p~rt thereof, unleu in tA~ form ~nd with 1M loss pay+blt u aiw~ssid: and in 1M event any sum i of mon~y b~cprw~ payabl~ w~der wd~ polky a policiei said N10RTGAGfE ~hall Mw tM option ro recfive ar+d apply 1M s+m~ on sccount of tM indebted~ i nsu s~cvnd Iw~~y w w pr.~nit ~atd MORTGAGORS to neeiw and ~ N a any pa.~ Mereof fw o?her pu~posei. w~~hout the~eb~ wai~ing w~mpai.- i tny any q~iry, li~n or ~iph~ w by virtw of this mortys~es ~nd 'a? tM ~vent s~id 1MORTGAGORS ihall fw any reason f~il ro keep tM uid premiias so 1 in~u.ed, or f~il lo d~liwr promptly any of said polici~s of inw~ance ro s~id MORTGAGEE, w fail promptly to p~y fully ~ny premium therefor w in +ny r~~p~ct fNl b p~rfomL di~cMr~e, ~x~cut~ ~ffM, cornplNe, camply with ~~d ~bid~ by this cov~eanl. W My Pi?1 M~lOf, said MORTGAGEE m~y pl~q +nd paY fa wch iraur~ o~ ~ny put tl+Kwf wiifiout waivinp w•ffodinp ~ny option, li~n, p~ity. w ripht u~ a by virtw of ~his Monysp~. ~nd d+e futl ~mo~t of ~ad+ and ~wry wdi p+ym~m sMll b~ imn?edi~tsly dw a~d p~yabl~ ~nd sMll bsa? intaest froen tM dat~ thereof umil paid at tM ~at~ oi n~~~ pK c~ntwn p~r wvwm and ropether with wch interest sh+ll be secvnd by tM li~n of this maty+y~. 4. To pumit, aomrt?It or wffK no wut~, impi'um~nt w deterawtion of ssid property o~ +ny put theroof. S. To p~y ~II ~nd sirpul~r tM cosb. chu9~s and expensas, indudinp ~ ~essawble attaney's fee u~d oosta of sbstracn of title. incvrr~d o. p+id ~t any tim~ by s~id MORTGAGEE, b.c+~s. w in rh..ven~ of ~he failurs on rhe p~r~ of ~h. said MORtGAGOR ro dv1y, promptly and fully periorm~, d~schary~ •7tKU1~. ~ffect, oompl~t~, comply with ~nd ab~de by each and wery the ~tipulat~o~s„ ~yreaments, conditions, +nd oownants of said promissory note and this morr~ap~ ~ny or ~ithM, a~d s~id oosb, cMr~es aod expenses, each ud wery. sh~ll b~ irnn+ed~ately due and payable: whetha w ~ot there b~ rar~ce dr mand, attempt to colleet a wit paxlirg~ ~nd tFw fvll arno~nt of each ~nd wKy such payme~t shall bea. intereit from the dat~ therwf until p~id ~t the rare of nim pe~ tentum p~y an~wm; a~d all iaid tosts, ch~r~es and expenses intwred ot p~id, togelher with s~th tntar~at. M+~I b~ Ntured by tM li~n of thi~ ~9+W~ 6. TMt in tM ~vMt of a~y br~ach of tha Mort9p~ or dafaul~ on th~ p+rt of the MORTGAGOR, w(b) 1o the ~vent any of wid swru of money her~in rehn~d to b~ ~W promptly u~d fully paid within thirty (3p) d~ys nex~ aftcr the same severally becoms due and psyable. without dem+nd w notice, or ~n tM ~wM e~ch and every tM stipulstio~s, aprcen+~nn, tonditions +nd coven~nn of ss~d promiswry note and th~s mortpa~ u~y or ~ither are no1 iuly, promptlr and fully perfcrrned, disclwryed. axecuted. effected, completed. complied with and ~bided by. thM in eit1+N a~ny such w~nt tM u~d a~ preyat~ wm nNntioneJ in said promiuory not~ thM remaininp unpaid. with intcrest ~tttued. and all moneys sscurtd. hlr~bY, ah~ll bew~M dw ~nd pay~ abl• fathwith, or th~reahe?, ~t the option of said MORTGAGEE, u fully and completely as if all of the said suTa of morwy wer~ aipinally stipulated to bs paid on wch d~y. anythinp in said praniuory note a in thia Mortya9e to the contr~ry ~otwithsundinp: ~nd tFwrwpon o? thersaher at the option of ~~~d MORTCsAGEE, without noticr w dem~nd, wit at law or in aquity, therefore o~ thereaitcr be9un, ~nay be prosecvt~d u lf all nan~ys s~ar~d lwreby h~d matw~d ptiar fo iri inaitution. 7. That in th~ went tMt at th~ beginninp of w ~t any tims pending any suit vpo~ this Mwtysge. w to foreclos~ N, w to refam N, w to enforp payment of anr d+am hae~nder, s~id MORTGAGEE sMll apply to the Ca?rt having jurisdictan therwf fw tM appantment of ~ ReceivK, wch Cour~ shall forthwkh ~ppoint a receiwr of sai~ mortgsyed ptoperty all and sinyubr, includ~ny all and singular fhe incorrN, ptofits, isswt and ~ewnves from whatevtr wurc~ d~riwd. exh ~+~d every o# wFiKh, it beinp ~xpreuly ~nders~ood, is Aereby mortgaged as if spec~fically set fath ~nd deurioed in thi ~rantinp ~~+d habendum cbus~s he~eof, ~nd such Reuiwr shall have ~II the txo~d and effective funct~ons and powers in anywiu entrusted by a Cou~t t9 a Receivsr, ~nd wch sppointment ahall bs m~de by such ~ourt as an ~dmitted equity ard ~ mitter of sbsolute rigl+t ro said MORTGAGEE, and without reference to tM adequsq a Inadp~acy of tM wlw of the property mwtgaged w to the sowency w inwlvency of said MORTGAGOR w the defe~nn, and that tuch renfs, profits, incan~, hsves and r~vem~es shall b~ ~pplied by such Receiver xcordinp to the lien or squiry of ssid MORTGAGEE and the practiu of such COUrt. 8. To duty, prompNy ~nd fully pKform, discharpe, execute, effect, compkte, comply with and sbide by e~ch ~nd ~wry the stipulations, ~gre~rtNnts, cor,diYans and aoveMnn in s+id promitsory note and this mwtgage set forth. ' 9. That in tM w~m the ownenhip of the mortyaged premises, or ~ny p~rt thereof, becomes wst~d in a pawn othar tMn th~ MORTGAGOR, th~ MORTGACsEE, its s~tc~stors ~nd auipns, m+y, witFaul notite to the MQRTGAOR, deal with such sutusso~ or wtt~ssw in interesl wi~h refer~nce to this mortgaye and th~ debt hereby secvred in tF» same manner as wifh Mwtgago. without in ~ny way viti~tinp w d~scharging the Mony~gon' liability her? under or upon th~ debt hereby secured. No sale of the prcmises hereby matyaged and no fabearance on the psh of th~ MOR7GAGEE or its wa~uon or auiflru and no eat~nsion of the time fa the payment of tAe dcbt hereby secured yiven by the MORTGAGEE a iri successws or usipns, ah+ll op~rat~ ro releas~, distFMtpe, nwdify chan~e p affed tF~e original liability of tM MORTGAGOR herein, either in wFals ot in put. 10. It b apec~fiully a~reed that time is of the essence of ~his contract and thet no waiver of any obtipatan hertund~r or of tFN oblip~tan sr ~ cured henby ~hall at u+y tirrw thereafter be hetd to be + w~iver of th~ t~rms hereo{ a of the instrumcnt ~ecur~d Mrby. ~ . ~ ~~9; ~ C wi~ - - • ~w~d~~g~~ ~I~IU i~~w.ii~a..tY.iio~ s:. . * ~...~ti... . I -p~~.~. j IN WITNE55 WHEREOf, the said MORTGAGOR Ms hereunto set his hand snd seal the d~y u~d +r fint ~fo?ess' i Sipnad, S ~ I~d and ~ iwrod in tM presenu of: f ~ • . ~4 i ~-n f ~ STATE Of FLORIDA ~ ~ COUNTY OF St. Lucie ~ eefa. ~ P..,«~.~~,,.~..~a H. C. 1~icDermid ~ I~'~8I'y JO MeDermid his w;fe, ro me well krawn ar+d known w me to b~ rhe individwts described in ~nd who exea,ted the foreyoirg instrwrnnt, end acknowkdged befwe ms thst they exeaned the same fw tM purpwes ~ ~h«<~„ .~..,..d. ~?~a Mar~ Jo I~icDermid _ _ ; ~ ,~;fe of tM ~aid g. L'. MeDermid vpon a separate ~nd priv~t~ ~ examinaYwn by me tsken sep+nte and apsrt from her said husband, atkrwNrledged to and befors rta that she exetuted said imtrument freely ~nd volurf ~ ~ ;erily ~~d witho~rt ~ny compubion, coostraint, apprehensan.~feu of or from har said husband. : WITNESS my hand and oHicial ~eal this ~C day of A. D. 19~ ~ ~ ~ ~ ,,~ti:~,sl::;c:{; Notary in and fw th~ Stat~ of Florid~ at Luye ~ ~ ~^'S ; . My ion ~xpires: } ~ t' U Notary Pub11c. ?taie oi llorid~ at 96 ~ s First F~i~Avlt~Pw~l,oLo ~~A,~igc;ar~on My ~mmrss~on Expires Au~. 6~ ' ~ : - • . O ~ ~ i - ~~Q`~s- Bonded By Amsrican Sur~ty Go, a N, Y, ~ ~ ; ~n~,~.,.F~«'~i-~;'~ FILED A.fJD RECORDEO ` ~ S -:1,: ST. LUCtE COUNTY, FIA. ' ~ fi ~ JEPtF ~ ._%~~;;A~B L~ ' , IED ~ _ c: i/t• ~ ~ •~~r``` ~ ,to~^; on~r,~''' 64 ~11fL 8!; ~i !0 : 3 3 ~ ~ . _ 146~51 ~ ~ : ; u:r~:.~ C~_-.~iK CfRCUIT COt1RT ~ ° R 150 ~oz ~ ' { ~ BOOK ~ . ~ i, ~ ~ ~ _ - - - - - - - -