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HomeMy WebLinkAbout2532 ! ~ To pl~c~ ~nd aonthwoualy kNp on tM bvildinps rww a he~~aftM wtuaq on ~aid land ~nd on atl putpmMn~ ~nd pNaona~ly eover~d by this ma~ p~. wfth aU prtmivms the~~on piid in h,11, i;n trnu.+~+c~ in IF» ~nwl st~ndard polity form, in a swn appowd by tM MORiGAGEE. ~nd wieKbtam hswa~o~ in th~ uwai ~und~~d policy fany in ~ sum +pprov~d by ~M 1NORTGAGEE, io such compw+y or compani~s as ~M AAORTWIGfE may direcry ~nd ap fih u?d ,Ni~hw?m iniwaou potides on aey o( t~1d bNildin0l, ~lfy I/ItKp1 1Iflt~ifl 01 pili ~INflOf, in ~M pyreyak w~n sfor~sa~d a ~ In ~:pq 1M~pf, sMll cont~in th~ uwal standard ma~yags~ cl~va a such otl+H daus~ ~s tM Mor~yagN may rpv'u~. en~kir?p tM lou v~der iaid po1F ci~s. ~ad~ u+d ~wry. p.yb1. ro said MORiGAGEE a ih i~terest m~y ~pp~a?, and each and ~very i~rck potiq shall b~ promptly ass:~ned ~nd dNiva~d ~o MY ~~d by taid MORiGAGEE is fti?thN s~tvriy to said mony~~ debt, snd. not l~ss th~n I~r? (10) days in advanc~ oi IM ~xpi~~tion of ~ach policy. to dr IivN fo ~afd Iy~pRiG/?GEE a e~newal tMrwf, topelMr with • ~euipt fa tM pranium of such rt~ewal; u?d ther~ thall b~ no f'u~ w windsiorm iruur~nu pl~ad ae~ any oi said buitd~s, ~ny interest thtrein w ps» the~coi, vnleu tn tM form and with tM los~ pay~ble as ~fw~s~id; ~nd in tht ev~nt ~ny wm of nwMy papn~s p~y~W~ ~nder wch polky or pol;cies taid MORTGAGEE sMll h~w 1hs option ro reteive and ~pply Ihs s~me on accov~t of tM ind~bted~ ~ neu iewnd ~~by a b permit said MpRTGAGORS ro receiv~ ~+d us~ it or a~y pa~t the~eof fw othe~ puiposes, wi~hout th:+eb,r waivi~~g o~ ~mpah- j~+p ~nY puity, li~n a rigM unda w by virt~ of Ihis mort~r, snd 3n tM ~weH said MORTGAGORS shaU Ew ~ny reason fail to keep the s+id pr~mius so insured, or f~il lo dtliwr promptly any of said policies of ins~r~nc~ to faid MORTGAGEE, a fail promptly lo psy fulfy any premivm therefor w in any respect bil b p~rforin, diacMr9c, txecuts, ~ff~ct compl~re, comply with +nd sbids by this oova.wnl, w ae?y put Aerwf, s+id MURTGAGEE may place ~nd P+Y fa such irw+ranos or any p~rl thKwf without w~ivinp o~ ~ff~ctinp ~ny option, lia?, p~ity. or ~iyht u~ a by virtw of thi~ M~.rtya~, ~nd tM full amount of t~ch u~d wpy wch p~yment sMll bt immcd'utey dw and p+yabl~ and shaN b~ar tntereit from th~ dat~ thereof un~il paid ~t tM ~att ot nin~ pK p~t~m pu snrwm and to~ethe~ with suth interqt sha~l bt sec~xed by tM li~n of this ma~~~. 1. To p~rmit, oornmit a wffa no wut~, in~'ument or deteriotetion of said property p any psH tMreof. S. To pay all and sirgulsr tM costs, ch~rges and expensa, includirp s resson~ble ~ttorney's fes u~d cosn flf ~bstracts of titls, i~cur.ed a psid ~t a^Y bI? s~id MORTGAGEE, beavse w in th~ event of the f~ilure on ths psrt of tA~ sak! MORTGAGOR ro d~ly, prompty ~nd fvlly pe~fam, d~uha~, ~xecut~. ~ffed, oompl~t~ comply w~th a~d ~bide by each and every t!w itipulafioes. a~reements, conditions, and cownsnn of aaid promiswry note +nd ~h~~ mortpap~ a~? w fitl~. and sa;d wsy chuges and expenses, each and every. sMll M immediatety dw +nd payabt~t wheth~r or not rher~ b~ notice d~ f msnd, a»empt to toll~d or suit p~ndinQt u+d ths full anauM of each ~r+d ew+y wch paymeM shatl bcar int~r~it from the date thereof until p~id ~t tl+~ ~ rete of nirw pK c~ntum per annw.?; and all said cosn, charges and expensei inev~rod a paid, together w~th ~uch interat, sMll b~ secvrad by th~ tien of tha ~ morfp+p~. ; b. 7?uf (a) in the ~vtnt of am b~~ach of tbis Mortgsp~ or defauh on IFr part of the MORTGAGOR, o~ (b) in tM weM ~ey of s~id svms of nan~y ~ hereln r~ferred to b~ not promplly and fully paid wirhin thirry (30) days next after the same severally becwnt due ~nd pay~ble, withovt demand w ootict, ; or (c) in tt» ~wnf esch ud every tRe stiputations, sgreeme~n. conditions and covenants of sa~d p?omisswy note and tAis mortpape any w eitAe? •n ea1 iuly, prompNy and fully performed, d~xhuged, execvted, effected, canpleted, complied with and abided by, tMn in eitMr a ~ny svch ~we~t tM said ag preflah sum m~ntior~ed in said promissory npte then re+naining unpaid. with int~rest atuued, and all moneys ~acvred. her~by. shall beaome dw and piy~ able forthwitly a thsreaha, if 1he oplion of said MORTGAGEE, ~s fully and comple~ely as if all of the ssid swn~ of money wer~ ppin~lly slipul~ted ta b~ paid on s~t1, day. anythinp in sa;d p,o,n;uory note or ;n this Mortpsge ~o ~he conrrary ~?o~withs~•ndiny; and thereupon or thc?e~fter at rhe option of ~aid MORTGIIGEE, witho~t notic~ or demand, wif at law or in puiq, thae(ore or thereafte~ beQvrti msy b~ pro~ac~ted u if all moneys securad h~eby had !natw~d prior to its institt~tion. 7• That io tl+s eveM that at the begioning of or at ~ny time pend;ng any suit ~pon this Mortg~ye, o? to faeclo~ it, w to roform It, or to enforp paYment of ~ny dairta herevrkk~, said M02TGAGEf shatl apply to the Covrt having jur~sdKrion ehsreof fo~ th~ appo~nnnent af i Receiver, such Coun shsll Forrhwith ~ppoint ~ rec~iv~r of sa' mort9sged prppertY all snd sirgular, intlud~ng atl and singulu the incoms. prpfits, iuuts snd revMUes from what~ver source detivtd, eath ~nd every o~which, it beinp expreul~r unders~ood, is F+ereby mwtgaged ss if spec~fically set fath and tl~tctibed in the yr~nrinp and habertdvw~ diwes hereof, ~nd such Receiysr yh~~~ heve all the broad and efiective funct~ons a~d powcrs in ~nywise entrusted by a Court tp ~ Receiver, and wch appointment shatl be m~de by such Cowt as an admined eqvity and s matte~ of absolute rigAt to said N1pRTGAGEE. and without nference to tM adeq~ecy or in~dequscy o( the wtve oI the properfy rtwrtgaged or ro fhe wtveecy or insotvency of said MpRiGAGOR a the deferKlants, snd tl~at such renrs, profits, tnc«ne, issues and revenuei shall be ~pp~;ed by such Receiver eccordinq to the lien or pui~y oi s~id MORIGAGEE ~nd the practiu of wch Court. 8. To dvy, pranptly and fuUy perform, d'acharqs, execute, effect, complete. compfy with •nd abide by each and wsry t!N stipulatioos ~yresmenb, co~ditio~s and covenants in said promissory ~ote and this mortgage set fwth. ~ 9. That in the ewnt the ownenhip of the mortg~yed prcmises. or ariy part thereof, becomes wsted in • perwn othe? tMn the MORTGAGOR, ths MOATGAGEE, i~s tuccessors and aui9ns. n+sY. withou~ no~ice to the MORTGAOR, deaf wi~h such tuccessw a succ~saw in interes~ with r~ference to thia mortyay~ and the debt hereby secured in the asme manner as with Mortgsgor withovt in any way vitiatinp or dixhar9ir?g the Mortyagors' liability her~- under or ypon the debt hereby secured. No sale of the premiscs hereby mortg~ged ~nd no forbearanct on the pan of ths MORTGAGEE a in wtcetsors sor or assigns and no extension of the time !or the payment of the debt FKieby secured y;ven by the MORTGAGEE or it~ tucuswn or ~uipns, ~11 op~rat~ ro releas~, difcharye, modify change pr ~ffect the original liabiliry of the MORTGAGOR herein, either in whde or in part. 10. (t is specificslly agreed tMt time is of the essence of this contrac~ and that no waiver of ~ny oblipata~ herwnder or of tM oblipation sr cured I»reby shdl at any time thereaher be hetd ro be ~ waiver of the terms hersof or of the instsument secv?ed herby. 11• !n add;tior+ to rhe faego:ng monthly payments of princ'pal and intnest required by the promisiory note secured hereby, mortgagor cov~~a~y and egroes to psy to mortgagee with each monlhly payment an additional sum estimated by mwtgagee to be eqwl to 1/12 of th~ annval coit of tM folbw- ing: A-AU real property raxes kvied or usessed against the above deuribed resI estata. B-Premiums on fire snd w~ndstwm Fnsurance as herein reqv~red to be carried on the improvcme~ri situate o~ the ~bove desuibed premiies. C-Premivms on such mort9age 9uaronty insurance as mortgagee shall from time to time deem fit to prry on the {ean tecured hereby. ; Nb?~y+gee shall from time to time notify mortgagor in writing of the amount due and pay~We herevnder and iuch surn shall thereupon be dve a~~d + pay.ble on tl~e due date of the next monthly paymem and each successive month thereafter ur.til mortgigee shalt notify mortgagor of a change in such amount. Such sums sha11 be applied by mortgagee toward the payment of real p~operty taxes, imurance prem:ums, and morfgage guar~nty inwrance ; ~remiums. ~ IN WRNESS WHEREOF, the said RTGAGOR has hereunto set his hsnd snd seal the day ind eu finf aforwid_ 5 ed and `vered i e of: ~ `b ~~i~,. ~r ~an ~ ~-n - ~-n ~-n S7ATE OF FLORIDA ~ cou~vnr oF _ St. Lucie t Befon me person~lly appeared Lillian Owens, a single adult ~ ; I~s7G~ife. to me well krawn snd known to me to bs ttie individw described in and who executed the fwegoirg instrwnent, and acknowtedped befors me that ~ ezecuted the same for the pwposes e fherein expr~at~d, 8l1e? d4DE~6l~CObR~rZ - ~ , k WtTNESS my hand sod official seal thi. ~s ` day of ALt 8 t A D. ,9 66 , ~ -s:~ _ • Notary Public fo ~nd for the Stsre of Florids ~t lupa . • MY Commission ~:pir Re~rn To: State al FI~~ at l~r~ Fint Fsde~al Savi s 6 tosn Association r Commission Expires IYor, 3, t469 or Fon P,e«~. F1LED AN~ REC04t0E~ b•d.a.,,~..K.~ ~ rb.~ v~~.~, Florida S7, ~~CIE COUNTY. FLA• RECOR~ V~R~~~ED • _ ~ y,~t ;;~tisp ~ ~ . Gn%~, ~6 • ;,a~ .r . ~ ~ ~ 5 pM 3 • ~ ~ ' 'n6 _ . - . ~ Q~ 14'744.~ _ - . ~e~,e~= ~~o~-r~~s - :.r,: . ; C~ERK C1RCUt? COURT ~SZ /.3I ~ • ~ 0 R . ' .•,~t~ sooK 152 y`:i;~ ~ ~ 1~ ~~fi : - ~ . ~~g . _ :fiz?~ ~~~~i = ~