HomeMy WebLinkAbout2633 ' i - ~ t
To ptaa and aontinuously khp on HM buitdi~ eow w MnafrK ~itwN on sNd isnd snd o~ ~II puipnKM ~nd pKwndly oov~nd bY N+is maq~
witA ~N ptNnfums Nwrton piid in f~ll, fin cn~wu~c~ in tM uiwi sundard polity 1otm. in a w~ approwd bY Ih~ MORTGAGEE. ~+d windttonn
inswana in 1!» usual uandud policy tarn. in • wn? approwd bY tM MORTGAGEE. M~ sud? comP+^r w oomp~ni~ a tM MOR?GAOEE m+r
d'~.~ct~ and ali fln ~eid w'~nd?~oMn ins~~na policie~ on ~ny of wid b?ildinpi. ~ny Nhrat tMrsin or pa~ tMr~of, in th~ pprep+~~ wn+ ~fore~+W o?
k, ~aaa 1Mrwf. ~MII oontain tM uw+l atandard mo~rtya~ cl~us~ or wch wlwr daus~ ~s tM Mortpa~e m~y rpuir~. maktep ~M bu undN said po14
ci~s, wcA and ~wry. parabl. ~o •.~d MORIGAGEE u in intaest m+y app~a~. a~d ~ach +ed ev~.y svch policy sMll b~ pranpthl +ss:9ned +nd ddiw~ed ~o
.ny h~ld by s~id MORiGJ1GfE a fwtha s~cwMp ro s+fd ma+p+p~ dsW. +nd. no1 la~ th~^ t~+ (10) d+Ys in advu~c~ of tM eapiration of ~ach policy. ro dr
liwr w qid MORTGJ?GEE ~ nMwil tiiwrof. wp~thK w~l+ ~ nos~pt for th~ pnnwwa of wd~ r~newdt and tMn ~hail M ~o fih a wi~ubrwm insw+~a
pl~ad an an~l of s~id buildkpi, u~y {ntaat tM«in o~ p+r1 tMrw1. w?I~ss in ths form ud with tl+~ loss pay+bb u ~fa~said: and in tM ~wnl any wrn
of ewn~ b~oan» piY~bM w~dn wch polky a policies said MORTCsAGEE shall I~rw tM option to ~ao~iw ~nd ~pply ths sun~ on accowd of th~ ind~bted~
e»s~ ~aind Mnby a b pMmit wid MORTGAGORS to reeeiw ~nd ws N w any part theraof fw other purposes. wi~hout the.ebt:,v~ ~iving w impaW-
~+~Y ~M. li~n or ~iqht wdK or by virtv~ of ~ morty+p~t ~nd in tM ~wet wid M~ORTW?GORS shall fa any rsason iail to keep ~hi ~aid pr~enis~ w
I~su~ed. a f~l to d~IMr P?ompth? anY of said poliei~s of inaw~na b said MORTGIIGEE. a fail p?omptly to pap fully any pr~miuen tha~ior o~ in any
r~sp~et fait ~o pwforen, d~wdwp~. ~~a+t~. ~fIM. oompl~h. oomplY vrlth ~nd abid~ by N~N oovawnf. or ~ny pwt hst~of. s+id MORTGAGfE may plae~ ~nd
WY for wd~ Yr~Kano? or am? part tlwwi wi~haA w~ivinp a+ff~ctinY M+Y oW~on. li~n. p~ritll. a ripM und~r a by vktw of this Mortpp~. ~nd tM
full ~~ww+1 of ~ach and w~ry wd~ paymM+t sh~ll b~ in~diatdy dw ~nd pryabl~ and sh~U bw irasrnt from th~ d~t~ tFwrwf until paid at tM rat~ ot
nine p~r pnlum pN annwe and toptlMr with wtA interat sMll b~ sKw~d by tM IiM of N~is ~n4rlp~y~.
1. To p~rmit, oonrnll or wfiM no wast~ 1mP+irm~~t o? detator~tion of s~id propKtp ot u~y part lherwf.
S. To pnr ~11 and ~inpular tM coats. ch~rpe+ +^d e:pa?s~s. indudinp ~ reason+bt~ attoroey's fe~ aod coin of aMtwc~ of tid~. incwred o~ p~M a~
any timt by qld MORTQ~AGEE, b~c+~w or in th~ ~r~+~t oi tM isilw~ on th~ p~rt of tM uM MORTGAGOR b duly. promptly snd f~lly paform, ditchar~~
~xeM~. ~fhe~. ao~npMN` oomplY wilh u+d ~bwb b~r ~sd+ M+d wKy th~ stip~tiaw +p~~^~. condifiom. and cownanb of s+id promiuory eot• ud ~ha
mort~+W +ny or N?hM. ant! safd oosb. dw0~s a~d ~xpaws. ~sdi ~nd ~wry. sh~ll b~ tmn?~diarely dw and p~yabl~j whefMr w ~a rMn b~ nwioe dr
mand. ~tNn~?t to ooll~st or wN p~ndiegj and tM full arnount of Nch and ~y such psyma+t sMll bear int~r~st fran the dat~ tMreot ~ntil p~id at tht
rete of ntrn pw aMwn pK aruwn4 and all said costs, chu9s and expanses inaand a. paid, tope~hsr with wch MtuNt, sh+ll b~ ncwed by tM IiM of thY
^+atp+pw
6, 11yt W Im tM w~M of ~ny bnach of this Mor~a~ or d~iwlt m tM pa~t of tM MORTGIIGOR, w(b) in tM weM ~ny of wid swm of mooey
heni~ r~f~nd fo M nof promptl~r and fully psid within thirty (30) dap n~xt afier fM same sever~lly becan~ dut and p+yabb, withovt d~m~nd a notice,
or M tM wM~ Mch ard ~wry tFr stipvlations, sgr~nenn. conditipu and covN++nts of ta~d pranissory not~ and thu mortp+~ uiy a Ntlw? aro no1
ivly, promplly and fvlly pNformed, d'achu~ed, execvted, ~ffected, compl~ted, compl~ed witA and ~bided by, tMn in eitF~ or ~M? tuch ~wm tM ~sid aP
preyat~ awn n~+tia+«! in said promiuwy not~ then r~nsiniry w+p~id, with int~?~at scvued, and all ma~eys setw~d. hereby, shall beoonw e!w and pay~
sblo forthwith, or tlw~~ah~r, N tM option of said MORTGAGEE, u f~~ly and canpl~t~ly u if ~tl of the said swns of naMr vrers aiyin~lly atipvlated
to b~ paid on wch d~y. a~ylhinp in said p~omisswy ~wte w in tha Nlonyspe w the contrary notwitlatandinp: ~nd tMreupon or the~~+her ~t tM op~an of
s•id MORTG/1GEE, witFa~t notic~ a da~and, wit at law a in puiy, ther~fore or tlwr~after bsy~n, ~nay b~ prosecut~d as if all rtwneys ~eau~d hu~by
h~d malur~d pr'wt to iti iMtitution.
7. Th~t in tM waet that at th~ b~ginnirg of or at u~y tim~ pend'ug any wit ~on this Mwtyap~, a to fwsdos~ N, or to nfonn It, w to eniwa
payment of any daim~ Iwreunder. said MORTGAGEE sh+ll apply to the Coun Mvirg jwisd~nion ~herw! fw tM ~ppointrnent of s ReceivN. wd~ Courf sh+ll
forthwith ~ppoint ~ nctiva of ~s~ mottpaQ~d p?opatty +11 and sinpular. includ~np ail and sinyulu tM incorr~, profits. issws and rtwnws from whattvM
wurce dviwd. ~ath and ~vMy which, it beinp txprossly w~dersrood. a Mreby mortgaged u if specifiully ~N fwth and dewibsd M tl+i p.antinq and
habendwn cla~n~s Iw~of, and wch Receiwr sAall Mve ~II the bwd ~nd effecriw funct~au and powen in anywiw emrust~d b~r a Cou?t tp a R~uiv~:, and
iuch appointrnent shal! be matls by wth Cowt as an admitted eqvity ~nd s m+tte? of absolut~ right ro ~aid MORTGAGEE, and withoul rsfennq ro th~
edsquacy a~sd~q~scy of th~ v~lw of the propsrty mortysped w fo the solvency w insolvency of said MORiGAGOR or tM defendants, and that such
renrs, profits, incarK, is~~es and rw~nu~s shall b~ applied by such Receiver accordiny fo tM lien w puity of said MORTCsAGEE and th~ practic~ of such
CouA.
8. To duly, promptly and f~llr p~rform, discMrpe, execute, effect, compkte, oanply with and abid~ by ~sch and ~wry th~ stipulataru, ayre~menb,
eonditaru ~nd covawnb in said prombsory oae and tha morfysp~ set fonh. '
9. ihat tn th~ r~renl th~ owewrship of the ^+at9+0~ P?er^aas, or ariy put the~eof, bccomes wshd in a pKwn other tiwn the MORTGAGOR, th~
MORTGAGEE, iy wcpssors and suipro, m~y, witho~t ratica to the MORTGAOR, dea~ with such sucuuor w~+cussor in interest witA r~ferenc~ ro this
mortg~ and the debt hNtby secvred h tM same mame~ as with Matgagor w3thout in ~ny way vitiatinp a discMryinp the Mortya~ws' liability htr? ~
under o~ ~~on tM debt hsreby secwed. No ssle of the premiaes F~ereby mort~+ged ~nd no fwbeawnce on tM pan of tM MORTGAGEE w it~ wocesson
or assig~ and no extensian of the time ~or tFa psym~nt of the debt hereby secured pivan by tlN 1NORiGAGEE a its succsssors ar sasipns, ~h+~) op~rat~
ro releaw, dad~uys, ~nodfy chanpe or affect the orginsl li~bility of the ARORiGAGOR her~in, ~ither in wtal~ w in put.
10. It is specific~tly ~greed that Ywne is of the essence of tha contr+ct +nd thst no waiwr of any oblgatan herevr?der a of tl+~ oblip~tion s~- t
cur~d Mnby sha11 ~t sny time thereafte? be held to be a waiver of the terms herwf w of the irotrwnent ~ecwed h~rby.
11. In ~ddition to the forego:og monthly p~yments of princ:pat and interest reqvired by the prom'~swry note secured hereby, mort9agw town+nts
and ~grses to pay ro mortgagee with each monthlY paYment an add~rional sum es~~mated by mortga~ee to b~ pwl to 1/12 of the annusl cost of the fol{ow-
1ng: •
A-All real property tsxes kvied or assessed against the above described re~l esute. ~
8-Premwms on fire and windstorm imurance ss herein reqv:red to be curicd on the improvemsnri sitvate on the above dewibed premisa.
li C-Pr~mivms on wd~ mwt9age 9u+nnty insurance as mortgagee thstl from time to time deem fit to carry on ths bsn tecu~ed hereby.
~ Mortyagee shatl from time to time notify mwtgagor i~ writing of the smount due and pay+bk hereunder and such wm sMll therevpon be dve and
~ cayable o~ the due date of the next monthly payment and each svaeuive month thcre~fter until mortpsyee shall notify mortgsgw of a chanye in wch
E amount. Sucl~ sums shail be applied by mortgagee towsrd the payrrKnt of real prop+rty taxes, inwr~nce prem:umt, end mortysye guaranry i~wranct
~ premiums.
~ IN WRNESS WHEREOF, tha ssid MORTGAGOR has hereunto set 1w hand aod sesl the day ~nd y ' t ~for id. 1
S~a and del' ' tM prssenc~ of: I~ E
~
~ ~
~ n i
re..q
STATE OF RORIDA ~ ~ ;
St. Lucie
courm oF '
m. p.,,a„~y, C o dv L. Aa i 1 e~ ,~a ~
C a ral vn ~ Ba i 1 e p his wNe, to me well known +nd known ro ms to b~ ~
the (ndividwb deacr~ed fe u~d wFa execvted the fweyoirg imtrwnant, and ~cknowkdged before ms that they executad the same fw tM purposes ~
CArolvn A. Bailev
rhefein ~nprtiNd. And fIN said .
w~~re of th...d Cody L. BAile,y - upon ..ep~?,h «+a pmrat~
exam~natioo by ms taken sepu~te ~nd ~put from her aid iN,sb+nd, adcrawled,~cd ~o ~nd befa~ ms that shs execvted said instrument freely and volwr
tar;ly s~d without ~ny compvbion, const~aiot, appreF~erni or fea bf a fran her said husb~nd. ~
WITNESS my fwd and official ssal thi~ ~ day of s t A. D. ~9 66 ~
~
~ ` , ~
~ ' - Notary P in and for the Stat~ of Flotida N Larp~
~ f1LE0 1?ND REe~R~Ee' Mr •xr+~«: •
F~~.t T~''' „~'f. ~UCIE COUNTY. F~-~?•
RECORD VERI~IE~ notary Pub~ic. ~ta» ot ~Iorid~ at ~e
~ G.oi 0~ ~i My Commission Expins Au~ 6. 196
~`c~n •Fb.~
~ So:id~s199( Am~rican ~urelr Ce. flt ~l.lL
=Q: ; 2 50
` ~~~1~~ChG~
` ' ~ = 9 PN '
; • -T. . • - '66 AUG • -
~ . _ . .
~ ~ r : 14'7513
r,,,..
~ RO~~R POITRAS
F~~"~"~~ ~ RK CIRCUIT COURT
. c
,r~,~~ ct~
~ ~ a~~5~ 23~ ~
- -
- ~ -
-