HomeMy WebLinkAbout2282 To plac~ and oontinuov~ly kHp on tM buildinps now a M~~+fiN utuu~ on s~id land snd on ~II ~ipen~nl ~nd p~.sonally covK~d by N~i~ mort~
p~. with ~11 pnmi~rms tMrw~ paid in full, fir~ inivr~nc~ in th~ uswl it~ndxd policy foren, in •:um approwd by th~ MORTGAGEE, ae+d w'u~~am
inswa~p in tM uwal tanda~d pol~cy fpny !n s sum +pprov~d by th~ MORTGAGEE. fn wch company or compaoies a tM MORTGAGEE may
dirKfJ ~ all fk~ a~+d wind~tom+ ieao~~aa policies on ~~y of ud bu~id~nps any ~n~n.a~ ~MreM w pan ~h.~wf. in tFw ~reyatf w~n afaeu+d u
fn ~xaa tiw~of, shall ca+uin ttN viwi sta~d~rd morrgags~ clw~e or •vch ah.. dav~. u ~M M«~ya9e~ may rpuK~, m+kinp tlw bss u~ uid polF
cia, sach ~nd ~vKy, paYsbl~ ro aid MORTGAGEE ~s its interest may ~ppear. u+d each and ~very s~cl~ policy ~h~il b~ pranptly sss:yned ~nd delivK~d to
a~y h~M! by s~id MORiGAGEE a fw~her secwity ?o s+id mor~ys~e dsbt, ~nd, not I~st tMn ~~n (10) d~ys in advu~c~ of th~ exp'ait~a? of ~ach policy, ro d~ ;
t~vK ro wid MORTGAGEE a r~newal tMiwf, top~tMr with ~ receipt fa the pnmiwn of such r~new~l; and thtn ihall b~ no fi~~ or wi~+ditam inwranc~ !
plaqd on any of said bvlld'ug~, any ieuerest thtr~in or p+rt tF~ereof, unleu in tFK form ~nd wi~h ~h~ tou pay+bl~ as ~faaa~ds and in fh~ event any wn+
of ~rw+~r baane~ payaW~ wKM~ wch policy a policin said MORTGAGEE shall havs the optan to receive ~nd apply 1M s~me on accounl of th~ ind~bttd~
n~u Ntw~d Mr~by o~ w pKmit s~id MORTGAGORS 10 ~Keiw and u~e (t p~ny part thereof fw othe~ purpo~p, without 1h:reb~ waivi~~g w~mpair-
in9 any quity. liu~ a~ipht ue~d~ or by vlrtw of tha mort~a9ej a+d in the tva?t s~id MORTGAGORS ihaU fw ~ny ~eason tail to keep the s+id pr~mwa ao
In;vrtd, ot fai) b d~liwr pomptly ~ny of said policies of insur~nc~ ro said MORTGAGEE. or (~il promptly to pay fully ~ny promivm Iherefor or in any
r~sp~ct fail q pKform. distharye. ~x~nrt~. ~ffect. compl~te. comply with ~nd +bid~ by this tovawnt, or sny put Mrwi. iaid 1NORTGAGfE may place ind
paY fot ~uth inswa~t~ ot iny puf tMrwf without waivinQ a sff~dinp ~ny opYan, li~n, puity, w right v~ a by virtw of this Mwtyap~. ~md 1M
full ~nwunt of e~ch and wKy wch paym~nt ih+ll b~ imned'utely dw ~nd p~y+bl~ ~nd ahall bear intmeit from tM dat~ tFKreof until paid at th~ raq of
nine pa cMtum pa ann~m and to9Nher witA iuch interest ~f?~ti be ucured by tM lisn of tFw mortyape.
To pKmit, comnif or wf(a no wu~~, impairme+~t or detaiwation of ss;d p~operty w a~y put thereof.
S. To p~y ~11 and si~qular the cast~, chs~yes and expense~, inctudinp a reasonable ananey's fee and cwts of _~bstracts of titls, incvrred w paid a~ ~
eny tien~ by s~id MORTGAGEE, b~cauie w in tM event of the failure on tM ;,art of the s~id MORTGAGOR to duty, promptly and futly pertorm, dischu~t
•xecut~, ~ff~d. oompiet~, comply with and ~b~de by e~ch ~nd evary the uipular~ons. ag~eem~nn. cond~tio~u, ~nd cownann of said promissory ~ote and this
mortpp~ any or ~itMt, and said oosq„ clw~es and ~xp~nses. e~ch and ~wry, iMll b~ immediately due ~nd pay+bk: whether or not there be norice d~
mar+d. ~tt~mpt to collect or wit p~nJirg; snd tM fvll amouro of each and e~wry wch payment shall bea inte~at from the date thereof until paid a1 the
nre of nin~ per centum per a~num; and sll ~sid cosn, charges and expcnses inaxred a paid, togNher with sucA inter~at, shall b~ secur~d by tM lit~ of tha ~
maty+0~.
6. Tlwt (a) in th~ wN?t of any breach of this Mort9~e or default on the psn of the NWRTGAGOR, or (b) in fhe ewnt any of sa+d swns of money
hertin t~fNnd ro be not promptly and fully paid wilhin thirfy (3p) days next ~ftN Iha same severally becom~ dut u?d payable, without dtm~nd q notite,
o? (c) k1 fM ~wM sach and every the sfipulations agreemenb. cond~tioni and coven~nn of s~cd promissory nota +nd thts mortqape any w~itAer an no1
iuly, prompNY and fully perfwmed, dJu.hsrged. executed. eifected. compfeted, compl~sd wirh and ibided Sy, then in e~tF~ o~ any such ~wnt tF~ s~id ag I
preflat~ wm mentioned in said ptomissory note then remaininy unpaid, with imerest scuued, and all moneys secur~d her~by. sMll bato~ne dw and pay-
~bl• fonhwith, o~ tFweaha~, ~t th~ option of said N10RTGAGEE, u fulty and comptetely at if all oi the said sum~ of money were aipinally stipvlafcd
ro be paid on uxh day, a~ytAirg in sa;d prom;uory note or In thb Matpape to the contrsry notwithstand~n~: and tlxreupon or thereaher at the option of
uid MORTGAGEE, witFw~t notice a dem~nd, suit at law w in equ~ty, therefore or thereafter begun, m+y b~ praacut~d u if ~II moneys :acurad hereby
n.a m.w..d P.a. ro ib institution,
7. Thst ~ fhs ~wnt that at the beyiminy of or at any tims psnd;ny sny wit ~pon this Mortgage, or ro faeclos~ it, w to reform it, w to cnfora
paymee?t of any daima he?eunder, said MORTGAGEE shall ~pply to the Coun hsving jurisd~ciron therwf for tM appointment of a Receiver, such Court shaU
Fwthwhh ~ppoint a r~ceiver of ui~ mwtqaged property all snd singuta~, Incl~d~np all and aingula~ the incom~, pofits, iuues and revenues from whatev~r
wurc~ derived, e+th and ewry o# which, it beirg expreuly understood, is hereby mortgaged as if speci(icatly sel forth and dewibed in the yrantinp and
hab~ndum cla~sss Aereof, ~nd such Receiver shall have all the bosd and effectire funct~ons and powera in anywise entrusted by a Court t9 a Receiver, and
•uch ~ppoi~tment ahaN bs made by suth Cou~1 u an idmitted equity and a rnitter of ~bsolure rigM to said MORTGAGEE, and without reference ro tl+~
~dequacy or te~dequacy of the wlue of the propery monga9ed or to the solvency w insolvency of s~td MORTGAGOR o? tM defendants, and that such
re++ts, profits, incwne, tuues and revenues shatl be spptied by s~ch Rcceiver xmrdi~g~ a tM lisn w ~qvity of said •MORTGAGEE ~nd the practic~ of such
Ccurt. • .
8. To duly. promptly and fully perform, d'~scharge, execute, effect, tomplete, comply with s~d -abide by each ~nd ewry tFr stipulations, aprsemtnts.
conditioro and cov~nts in said pramksay note and this mortgage u~ fath ~ ~ ;
9. That in ths ewnt the ownenhip of the mortgayed premaes. or any psrt thereof, becomes vested tn a penon other than tM MORTGAGOR, the
MORTGAGEE, iy wccessors ~nd ~ss;y~s, msy, w;fhout notrce to the MORTGAOR, deal with such successor w sucussor in interest with reference ro this
mortpa~ u+d the debl hereby setured in the ssme mam~r as with Mortgagor without in any way vitiatinQ w discMrginy the Morlysgors' lisbility here-
urtde~ a upon Ihe debt hereby secured. No sale oi the Frem~xs hereby mortgaged and ra forbe+rance on ~he part of tht MORTGAGEE w its successon
o? assipm and no extension of the time fot the payment of 1he debt hereby secured yiven by ti~e MORTGAGEE o~ its :uccessors or ~ssiy~u, shalt operare ~
ro re(~ue, discMry~. modi(y chang~ w•ffect ths agi~al liabil~ry of the 1Y40RTGAGOR herein, ~ither in whole a in pan.
10. !t t~ specificalfy agreed that time is of the essence of this caur~ct and that oo w~iver of any obl'gation hereunder or of ths oblipaYan se- i
wred he~tby shall at any time thereaher be held to be a waiver oi the terms hcreof or of the instrwnent setured herby.
I1. In add~tion to the foregoing monthly paymems of princ'pal and imerest required by ttx prom~ssory nore secured hereby, mortgagor cowna~t~
and ay~ses ro pay ro mortgagee with each monthly payment an add~rional sum est~mated by mor~gagee to be eqwl fo 1/12 of the annual cost of the follow-
iny:
A-All real property taxes kvied w assessed against thc above deuribed real estate.
B-Premiums on fire snd windstum insurance as ixrein requ~red to be urried on the improve+nent~ sitvatt on the above desuibed Fxemises.
C-Premiumt on such mortgage guaranty insurance as mortgsgee shall fram time ro time deem fit to urry on the ban setured hereby. ~
i
Mwtgagee shall from time to time notify mwtgagor in wriYug of the amoum due and payable hereunder and such svm shall thereupon be due and ~
paysbk on the due date of the next monthly payment and each successive month theresfter vrtif morrgagee shall notify mortgagor of s change in auch
amovM. Svch sums shsll be applied by mortgsgx toward the payment of real properry ta:es, insurance prem:ums, and mortgsge guaranty insursnce
premiums. {
IN WITNESS WHEREOF, the said MORTGAGOR has hereunto ut his hsnd and seal the day and year fint sfaesaid. ~
~ SipiNd, Sealpd and iva the of: ' ~
. ~ ~
~ n ~
K--4 ,
~
K--n ;
~
STATE OF F10AIDA ~ ~
St. Lucie u'
couNrir of ~
6efwe me personatty app~ared G, B, `II~ 9~. ~ e 1' 8 ~
A 11 i e e e W 81. t 8 2' 9 his wife, to me wcl I known and krwwn to me to b~
the irKlividwls describsd in and who executed ths fwe9oirra :ostrumant, and adnowkdged before me that thsy exewted the same for tFa purpoaes
rtKrcin.xp.e~ea. a~a ih. Alliece Weltera a
wife of tM s~id ~ A~ WA ~ f:eT4 upon a sepsrate and privat~
examin~tion by ms taken separate and apsrt from he~ said husband, sdcrwwledged to and befwe me that she executed said instrumeM freely and wlvo-
ta~ily and withovl ~m compulsion, cautraint, apprehernion, or feu of or from her ssid iwsband.
WITNE55 my haod and official seel thu 30 tK dey of U A. D. 19~ ~
Nwery Publ;c in ~nd for the Sute of ftoride ~ -
1N Commissioo • ea: .S'_ ^ ~
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Rehrm Ta FILED AN y ~ G ~G I ~ : ~ 1 J : ~ =
F~~n F.d...1 s.~~~: ~ to.~ nu«~~t~ D RECORDED ~ ~ r ~ c"
Of Fwt Pierca l+ ~ , ~ " : '
ST. LUCIE COUNTY. FLq, ~ ~ ~ ~ :
Fw? v~e?ca Ftorida RECORU VERIFlEO -r`v ~c~ "
~~~~p~~~..~c[~ _ ~i+~~ ic es~~ e~ ~ t~~rt '-1:;': • ' ~
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14`~311 .
::u ;~~~t1~F?l,$
CL~RK ClRCi11T COURT
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