HomeMy WebLinkAbout1698 . ~ l; ti ~i~
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To plaa and corobwiously ke~p on tM buildi~ r?ow a!?K~~ftN situ+t~ on said land ~nd on ~II eqvipnent and p~.-wnally covK~d by tN~ mortp~
p~, with ~il prsmium~ ~hHwe paid in full, iin intut~nt~ in tFw uiwl iund~rd policy fwm, ~n a sum approwd by tM MORTGAGEE, ~nd wind~~oren
Imw~ea h th~ uwat s~u~dani pol~sy form, h a swn approv~d by ~M MORTG/1GEE; in wch comp+nY a tomP+ni~s u tM MORTGA(3EE nuy
dinNt a+d sll tin and w~arm insw+na poticiq on any of s~id build+ap~, any intera~ tl+K~in w put tMrwi, in ti~ apqrp~t~ ~wn ~fussaid w
In ~xc~u dw~o% slwll cont~in tF~ wwl sundud mortp+yN clws~ w such otMr clww a tM Nb.tqpe~ ~+~ay rpvirt. maAinp th~ low vndN said pol~
ciM, ~ach ud tvery. p+Y+~ a~~RTGAGEE as ih lntere~t m~y ~ppaar. ~nd ~~cF~ ai+d ~very u?ch poliq sMll b~ promptly ~ts:pned +~+d d~iivNed to
u~y h~W by uW MORTCsAGEE ~s fwtha kturity to said monp+~ d~bt, and, ~wl Nss tMe t~n (10) dayt in advu+c~ of tl+~ ~zpiiation of NtA polity, ro tM-
liw ro said MORTGAGEE • ~~newal ~M?wf, top~tlw~ with a?euipt for tM pr~miun+ of wch nn~wals u~d ~I+K~ shall b~ no fu~ w wind~tam inwruKw
p1~pd q~ ~r pf s~id build'ups, ~ny ie?t~ntt tMrtin w p~rt 1hH~of, u~leu in fM twm'and with tht los~ paYaW~ u afaetaid: and in th~ ~vent a~y wm
of mo~ey becoma p~Yapt~ under wch pol;cy or policia said MOttTGAGEE ah~ll haw tM option w nc~iw a,d ~pply tl» s~m~ on account ol ~M fnd~bt~
rnts s~cur~d I~eby a b pim~it isid MORTGAGORS ro ~eceiv~ and uk it a+ey put thereof fw orher purposes. wi~hout thaeb~ waiving or unpain
Inp anY pu~ty. lan or ripht ~ndt~ w by viAw of this mortpp~s and in tM ~vent s~~d MORTG/1GORS ~shsll fw any reason f~il to ketp tM uid premises w
tmw~d, a fatl to d~liva promptly any of said polici~s of inswsnn ro said MORTGAGEE, a f~il promptly to p+y fvlty ~ny premium tl+~refw w in ~ny
rap~et fail b pKfotm, dlschuqe. OXKYq, tfiM, tompbl~, tomply with ~nd ~bKM by fhis cown~nt, a~ny put Mrwf, said MORTGAGEE may plst~ and
p~Y (or s~ch ieqwane~ w+ny p~r1 th~nof without w~Nir+p or aff~ctirp any optiOn, IiM. ~quity, or rght und~r o~ by virtw of Ihis Mat~~pe, ~nd the
h,ll an+ount of ~ach ~nd wKy such paymeM shall b~ imrr~di~t~ly dw uid pyabb and sMll be~r intKest from ~h~ datt thereof ~ntil paid a1 tM ra~~ of
nin~ pN centwn pM amum and rogether with iuch interat shall b~ ~cwed by tl» lie~ of this matQ~.
1. To rwmit, aommit o? wffa no wuq, Imp+i?mcnt o~ detaiaation of said property a u~y put thsrwf.
5. To pay all ai+d sinpulu th~.oosts, cMr9e~ ~nd tapx?ses, incl~rdin~ s rsasonabl~ anweky's fee and oosts of sbstracts of title, i~cuned o~ p+W
•ny tim~ by ~aid MORTGAGEE, b~c~us~ or in the ~wi+t of tM failure on tFr p+n of tM said MORTGAGOR to duly, p.anprly and fully perform, d~xhar9R
execvt~, ~ftect, oompl~t~, oomply with ud abide by ~ach and every the stipulations, s~ream~nts, ca~ditiora. and cown~nb of ssid promissory note and ~hii
mortyap~ ~M? a ~ither. u?d sa~d cos», chu~es and ~apsn~e~, tscl~ ~nd every, ah~tl b~ immedi~tely dw u+d p~yable: whetF~er a not ther~ bf nOfitf da
m~nd, ~tt~mpt to oo11eN a suit pendinpr +~d tM ivll amax?t of esch and w~.y wch p+ymeol alyll besr i~terest from tM date tF~treof until paid ~t rhe
rate of ~ine per oe~tvm per snnum; ud all ~aid cdsa, cMrqts and ~xpcnses incurrcd or paid. topatlw~ with wth intKest, sMtl M s~cwed bIr ths li~n of thu
'"aW+W-
e. ihat j~) tn tM ~wnt of any brssch of this Mat9+~e o~ defauh on the part of tM MORTGAGOR, w(b) in tM ~va+t any of ssid wms of mon~y
hKe&~ nfen~d ro b~ nof prompny and fulty p~id within thirry (30) days next afte~ tM same seva+lly becane due ~nd payable. withoW dsmand a notice,
or in th~ event each and ~very th~ stip~t~tions, agnsm~nts, cadiY~ons and tov~nann of ~sid pramissory note and th~s mor~yape any a ~ithe~ a~~ nol
~;h, promptly and fvlly performad. d~schugad, execut~d, ~ff8cted, compkted, complied with end ~bidcd by. tMn i~ eitMr a any tvch ~wnt tM s+id ag
pre~t~ wm m~ntio.~ad in said promiuay noro then rem~inirg unp+id, with intKest acuued. and ~tl nweeys s~cvred t~ereby. shall becorn~ dw and p~y-
•bl~ fwthwitly or thereafter, at the option of said MORTGAGEE, a~ fully and compl~tely ~s if •11 of tl+e saia sums of money vrer~ apin~lly atipvlated
ro b~ paid on wch day. anythirg in said promissory note w in this Nlonyaye ro ~hs conrrary rarwi~hstandinp; and tFw~eupon or tl+ereaftsr s~ th~ option of
said MORTCsAGEE, without notite o~ dem+nd, suil at lawi w in equity, therefon or thereafter bepury may be p~osetvted u if all montys sacvred hereby
had mafVred priot to its u?slitvtion.
7. Thit in th~ event tMt at the beginning of or at sny time pendinp wy tuit ~pon this Allortgape, or ro foredos~ it, w ro reform it, w to enfora
psyment of any d~ims he~eunde?, said MORTGAGEE shall apply to the Court having jur~sd~dion thereof for tM appantment of a Receive~, svch Couit sh~ll
fatliwith appoiM ~ recciver of said mort9aged property all and sirgulu. includ~ng aU and singulsr 1M incom~. proiits, iuues and r~ven~es irom whaqver
sourte dsrived, each ~nd eve~y of which, it beirg eapressly understood, is hereby mwtgaged u ii specifitally ~et forth ~nd dewibed in tM y~antinp and
heb~ndum daus~s hereof, and svch Rxuiver shall have all the brwd and effective funct~ons and powers in anywise entrusted by a Court to a Receiver, and
•uch appointment shall be made by such Cov~t as ~n admitted eqvity and a m+~ta of sbsolute righ: ro said MORTGAGEE, ~nd without roference to th~
adeqv~cy a insdeqwcy of the v~lw of ~he p.bpe.y monpayed or to the sonrency a inwlvency o( ~aid MORiGAGOR or the defendants, ~nd that wch
renr~, profits, income, issuea and ~wenue: shall be applied by such Receiver accwdin~ to ths lien a equity of said MORTGAGEE and the practice of such
Coutt.
8. To duly, pranptly and fully p~rfwm, dischsry~, ex~cute, effect, complete, comply with ~nd abide by each ~nd ewry the stipulations, p~eemenb,
conditiona and covenants in said promiaswy rot~ and this matp~ge iet fo~th.
9. That in tM event the ownaship of the mortgs~ed premises, or ~ny p~rt thereof, becomes vested tn ~ person other thsn the MORTGAGOR, tFy
MORTGAGEE, iq sucussors u~d aui9ro, m+y, withart ratite to the MORTGAOR, deai witl~ such suttessw w successw in inte?est with referente to thia
mortpa~e u~d the debt hertby seaered in iF~ s~ms mamer as with Moriyagor wilFaut i~ a~y way vitiati~ or dischargi~g the Mort9agws' liability h~ra
under or upoe the debt hereby secured. No sak of the premixs hereby mortyaged and no fo.bearaace on tFK pan oi the MORTGAGEE a in suaessws
or ~uigns and no exteenion of the time ior the p+yment of the aebt hereby secured ~iven by the MORTGAGEE or in svccesson or ass~yns, shall operate
to rtleas~, diachar~t, modify changt or affect the oriyinal lisbility of the MORTGAGOR h~rein, either in whole a in put.
10. It h spec~fic~lly agreed thst Gme is of the eucnce of this coMrad and tFut ~o waiver oi any obtigation he~e~rnder w of tM oblip~tion se-
a;red hereby shall at any time thereafter be held to be ~ waiver of the terms hereof w of the Irutrument secwed herby.
I1. In addition to the fwego:rg monthly payments of print'pDl and interest required by the promissory note secvred hereby, mwtgagor tovenants
and agrees to pay to mortgagee with esch montF?ly payment ~n sdditional sum estimated by mortgagee to be eq~al to 1/)2 of the annual cost of the folbw-
ing:
A-All real property taxes kvied a assessed against the above deu~ibed real estste.
B-Premiwns on fire snd windstorm i~sv~ante as Ixrein requ~ted fo be tarried on the improvemenb sitvate on the above described premises.
C-Premiums on wch mortgage gwrany insursnce as mortgagee sha~l from t~rrK to time deem fit to orry on the loan secured hereby.
Mertysgee shall from fitne to time notify matgagw i~ writirg'of the amount due and payable herewxler and such wm ihsll thereupon be due ~nd
; payabb on the dve date of the ne:t monthly payment and each successive month thercafter until mortgagee shall notify mortgagor of a cha~e in such
` ama?nt. S~ch sums shall be spplied by mortgspee toward the paymer?t of real property taxes, insurance prem:ums, and mortgage gus~anty inwrance
~ premiumt.
IN WITNE56 WNEREOF, the said MORTGAGOR h~s hNeuntp set his hand a~d sesl ths day snd r t afor
~ ~bd~l' esence of: ~ ;
~
~n ~
,
n
~a~
STATE Of FIORI~A ~
~p~~ pF St_ Lueie ~ .
6efo.e me P.rswu~~y .ppe.?ed Cel~y L~BAile~ - .~,d
Carolyn A. B9~ZBf his wife, to me well known and krawrt 1~ mp to,be i
ths individu+ls deur~ed in and wlw executed the fwepoinp instrument, and acknowledged befwe me that tMy executed the same fo?.tl+e purposes
~„d rF,. ,a;a CarolYn A. Bailey
wife ot tl» wid - r+Od~ I+• B8~16f • ate and
examin~tan b me take~ se rate snd a rt from I+er said h b+nd, atknowt u~ ~r ~~T~
y p+ pa edped to ~nd before me that ihe executed iaid irotrvment freely and vo~uo-
rerily ~nd wAhout uqr campu{san, torutraint, apptelxnsan~ feu of ot from her s+id lwsband. ,
WITNESS my h~nd and offici~l seal this day of A. D. 19S~S~._
~
~ Notary Public in ~~d for the Stite of florida ~t larye ;
~ My Comm;uio~ expires: i
~ Rewm ta ~ - Ep
der
fint F~deral Saving~ a Associafion F~~ED ~NU RE~OR FLA. Notary Pu6Gc, State oi flor;da a{
of Fa, P,~.«. ~UC,E COUNYY• My Commission E: '
Fort P~erce, Flor~da ST• ~ R f IE DK~~~~ 1964
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