HomeMy WebLinkAbout2150 To plaw ~nd ooMiMwu+b kNp on tM bvildinps now or h~~~ahN wtw» on uid land snd on ~II puipm~nt ~nd pK~ona~N covN~d b1? th4 mortp~
p~, wi1l~ dl pNniw+u therwn p~id in full, fih insunnc~ in tM uswl sundard policy form, in a sum +pprowd by tM 1MORiGAGEE, and wind~torn+
~nsunna N th~ uswl u~nda~d po1K1? form. in ~ wm ~pprov~d by tM MORTGAGEE. in tucA comp+ny o~ compa~+i~s a th~ MOR~GAGEE m~y
di7Kij Nld a~~ ~ a~ W~f1~StW111 II1fYf~flq ~1C1lt Of1 M1Y O~ M1d I1UIIdiflpl. iflY (flfHpt ~INfljR 0/ pifl IMflOI~ ~fl t~l! aQ91lQ~i~ W111 a~fM~ Of
In ucaa thN~of, sh~ll ca+t+in tM uswl u~ndud mat9aya~ cls~tt o~ svch otha claus~ u th~ Mortp~e m+y ~p~K~. m+ku+p tM los~ und~r sud Pdi~
ctN. ~h and ~wrY. WY~bI~ to s~id MORiGAGEE as ifs interest rt~y app~a~, u?d ~ach snd ~ve~Y such policy ~hall b~ prompHy asa:pned ~nd d~lfwred W
~ny h~Id by s+id MORTGAGEE as fu?tMt ~ea?rity ro Nid morty~y~ dsbt, and, not I~u Mu? t~n p0) days tn advu~ce of tM ~xpir~Ywn of each policy, to da
I~wr to wid MORTGAGEE s rawwal tMnof, top~~Fwr with ~ rece~pt fw tM pnmium of such r~newalj and thtt~ sh~ll b~ no fir~ o~ windstwm iewranu
pl+ad an ~ny of said buildirgs, aoy in~a~st tlwr~in o~ psrt theroof, unku io ~he fwm and with tM ~oss psy~bk ss afa~said: and in th~ ~vent ~ny wm
of nwn~r becon~ p~Y~bN ~x~ wd~ polky or policiss said lMORTGAGEE sMll h~w tM option ro.eceive w+d +pp1y IM wrne on ~cca+nl of 1M indsbted
n~u Ntur~d Mr~r a b pKmit said MORTGAGORS ro rectivt ~nd vs~ it ot ~ny part thereof for other purpo~es, wi~hout the~eb~ waiving or ~mpair-
Inp any puiry. INn ar ~ight w~ or by v{rtw oi this mortps~et and in tFN ~vtnt ia~d MORTGAGORS shall fo~ any reason f~il ro ketp the sa~d prae+ises io
i~uund, w fatl b deliwr promptly any of saW policies of i~swana to s~id MORTGAGEE, w(ail promptly to p+y fulty ~ny prsmium therefo~ w in any
r~sp~tt faf) b paforen, dixhu~e. ~uttut~, ~ffM. complNe. cortiplY wi~h and ~bide by this oown+nt, or any p~rt herwf, said MORTGAGEE may place •nd
pey fa wch leswano? or any pa~t therwf witFaut wahrinp a ~ff~ctinp ~ny option, li~n, p~~ty, or riyht unda or by virtw of ~his Mo.~pay~. +nd the
full amoum of ~ach ~nd ~wry such p~ym~nt ah+l1 b~ won+ediatdy dw snd py~bb u~d shall Es+r interest from th~ dat~ the~eof w+til paW at ths rat~ of '
n~rw pK antwn pr anrwm and toy~ther with wch intereit shaU b~ secvrcd by th~ li~n of this matpays. ~
4. To p~rmit, oomn~t a wffa no wsst~. impairment a detaiw+tan of said property or +ny p~rt therwf. ~
S. To p~y ~It and sinpvlr th~ ~oats, cAarpea ~~d ~xper+ses, includinp ~ ~easonabk attorney's fee ud cosn of sbitracts of titl~, lncurr~d o? paid ~f ~
my lime by s+id MORTGAGEE, b~auss or in the event of the failun on the pa?t of the uid MORTGAGOR w dvly. promptly ~rd fvlly ps?fwm, diuha~t `
~xecv», ~ffecl. oompbt~. aomply with and ~bide by ~ach and every the stipul~tans, apreem~nts, conditwns. and oown+nb of said promiuory note ~nd thu
mo.typ~ sny a ~ithu. ~nd s~id coa1~. char~ and expenses, tach and ~wry. tF~ll b~ inur~ediarety due and payable; whethsr a not there b~ rarics d~ !
m~nd, att~mpt w colkcr a wH p~!'rgs +nd tM fvll amount of each ~nd wery wch P~Yment shall bea. int~rNt fran tM d+te ti+~reof until p~id at tM ~
rate of nln~ pK cantum per uuwm: and sll said costs, charges and expensea incwred w paid. topNher with tuth G+tenst, sMll b~ s~cvred by tM li~n of this
~
6. ihst (a) in th~ evu~t of any br~~ch of this Mwt~+p~ w d~favlt on tlr parf of ths MORTGAGOR, or (b) In tM event a~y of s~id wm~ of nwnsy ~
her~In nEKr~d w be not pr«nptly and fuly p~id within th'vty (30) d~ys next after the same seve~ally b~can~ dus and pay+bk. without dem~nd a notice,
or (~J In tM ewnt ~ach and ~wry the stiputatio~s, sgreemen». condiYans a~d covenaots of sa~d promiuuy nots aod th~s mortg~e any o~ sHher sre no1 ~
iuly, promptly and fully perfamed, d'acharged. execvted, tffected, completed, complied with ~nd +bided by, then in ~ither w any wch ~wnt tM s~id ~g
prey~ts wm m~ntia~ad in said promiuay note then remai~inp unpaid. with intcrest acuued. and al~ mo~vys ~ecvr~d. hereby. ah~ll bec+o~+e dw and p+y~ ~
•bl• forthwith, o~ tMresfta, at the option of said MORiGAGEE, ss (ully and compktely ~s if all of ?he said wnr of money were wpin~lly ttipulated i
ro!» p~id on such d~y. anythirg in ssid promiswry note or tn this Mortgage to the contrary notw7thst+ndinp: and thKwpon o? ther~sftK ~t th~ option of
uid MORTGACsEE, without notice a demand, suit at law. or in equiry, thetefore or thereaher beyun, rnar b~ prosecuted as if dl monyrs secured hereby
Mci matw~d p«or to in l++stiturion. '
Th~t in tM eva+t th~t ~t tM beginnirg of or st any time pendirg ~ny wit upon this Mwtgaye, or to foraclos~ h, or to roform it, w to enfora
payment d uiy daims haevnder, ~+id MORTGAGEE shall apply to the Court Mvirg jurisd;ct'wn the~eof fw tM appointment of i RKlIVN~ wch Caurt shall
forthwith ~ppoint s nc~iver of sa' moNpaged property all and singvlar, includ~ng alt and singular ~i-a incan~, profits, iuues and rovenues from whatevK
wuru dKived, ~sch and ~very o~which, i~ beirg sxpressly under:tood, is hereby mortgaged as if speNfically xt fw~h and desuibed in the pr~ntinp and
habend~m dauses hereof. and such RcceivK shall have all the bro+d and effective funct~ons and powers in ~nywise entrutted by ~ Cwrt tp • Receiver, ~nd
•uch ~ppolntment sMll b~ made by wch Court as sn ~dmitted equity and a m+~te~ of absotute right to s+id MORTGAGEE, and witho~t refercnc~ to ti+~
adpu~cy w in~d~qu~cy of the wlua of tl+e property mortga9ed or fo the soherxy or insolvency of s+id MORiGAGOR or the defendanri, end th~t such
renn, profi», incane, issues ~nd rwernas shall be spplied by such Receivet accadiny to the lien w equity of aid MORT~'iAGEE and the practiu of such
Court.
8. To duly, pranptly ar+d fully pe?fwm, dacha?~, execvte, effect. complete. comply with and abide by tath and ~very the stipulatwns, y?s~MS.
cond'~tbns and covea+na in said promhso~y nofe and this mwtgsge ser forth. '
9. That in tM evem the ownership of the nwrtgsped premises, or ~ntr part thcreof, bec~mes vest~d in a psrson other thsn the MORTGAGOR, tFw
MORTCAGEE, in successoa ~nd aui9ro, may, without notice to the MORiGAOR, deal with such successor a wcceiwr in interest with refererKe to thb
mort~~pt and tM debt Mreby setured in ths s~me manner as with Mwtgagw without in any wey vitiatiig w dixhar~ing the Mortpagon' li~bility her~-
under or ~pon the debt hereby secvred. No sale of the Fremises hereby mortgaged and no fabearanos on ths paA of the MORTGAGEE or itt waesson
or auip~ ~nd no eztension of the time fw the payment of the debt hereby secured 9iven by the MORTGAGEE w ih suueuws or auipm, shall operet~
to releas~, disdNr~e, modify ch+nge or affect the wiginal liability of the MORTGAGOR here'u?, either in whole or in parL
10. It b specifically sgreed tMt time is of the ' eue~ce of this contr~ct and tMt no waiver of any obl'~gaYan hereunder or of the oblipatan sa
cured F?areby shall at ~ny time thercaher be heW to be e waiver of the terms hereof or of the instrument secured herby.
11. In additron to the fwego:~g monthly p~yments of princ:pal and interest required by the promissory noie secured hcreby, morfysgor cownsnts
and agrses to pay to mortgsgee with each monthly payment an addirional sum estimated by mortgagee To be eqwl to 1/12 of the a~nual cost of the follow-
ing:
A-All rea{ property taxes kvied or ~ssessed against the above described real estate.
B-Premiums on fire and windstwm insurance as herein requ~red to be carried on the improvemenb situate on the sbove described preiriues.
C-Praniums on wch mwtgage gwranty insu+ance as rtwrtgagee shall from time to time deem fit ro urry on the loan secured hereby.
Ahort9sgee shal) from time to time notify rtw~tgagor in writing of tlx amount due and payable haeundet and such wm shall fhereupwi be due and
payable on the due date of the neat monthly payment a~d each svccessive month thereafter u~til morigagee shall notify mortgagw of a chanpe in such
~ amount. Such sums shsll be applied by mortgagee toward the payment of real property tsxes, iosurance prem:ums, and mortgage gwr~nty insursnce
j premiumt.
WITNESS WHE the said MORTGAGOR has hereunto set his hand and seal the day and r fint aforesaid.
ipned, 1 d d d ner irt th~ p~esenc~ of: - .
~
' n
~ - ~n
~
STATE OF fIORIDA ~
S5.
courmr oF St. Lucie
e.rors m. Perso~any a~eued ~8~~ C Ad~a~ ormarl v S9rgh PreaCc~tt,~ •~d
Rebert E_ Ad~s~ her ur~b d~ ~~.vite, to me well known ~nd krawn to me to b~
the individwb desvibed in and who exewted the fwegoiny irntrve~ent. ~nd acknowledged before me that they executed the same fw the purposes
~,h.•,,;d S~rah C~ Ad~s~ t'nrmerlp S~rah C Preseett_~
w~fe ot ttr wid Robert E Adams - , vpon s sep~rate and prival~
examinaYan by me ta4en fep~rate snd apart from F~er ssid h~sband, aduwwledged to and before me that ihe execvted said instrument•draly and volun-
tarily ~nd wilhout any o0mpulsion, constrainT. ~ppreFrcnsion, or fear of or frwn her tsid husband. ~~~~•~~~!;.,~~~r~•,, `
WRNESS my h~nd and official seal this_Z~- dey of J~ V v~J ~AZ'~: .19~i~
J~ ~y.
~ tary Public in and fw thi ~5ja1b• id~ ia1.4~`'. _
~ y Commissan expir~s: ~ ~ = ~ r` ' Y; , -
~ Retum Ta "~LT _
fint F~d~rsl Savirgs 3 losn Associstan ~RpEe J. ~~K'~.
p pND R - ~
Of Fort P~erce. E
fort Pierce, Florida S~
L (`i~E Ci~VN • NQTARY P1IBLIC: Sf~SE,of°fLORIDA.sttAR(iE
REC~R~ VERIFIEO My co~~issioN Cxp~~s ~B:• 2i: i~A
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