HomeMy WebLinkAbout0427 To pt~a ~~d contiiwoaly kNp on tM buildinys rw~w w Mr~afta situat~ on aid land snd on dl pvipma~t ~nd Wrw~+~b ao~wr~d bY tAis w~ap'
p~. with ~II praniuna fhtrwn p~~d in full, f~r~ irouranu in tM v~wl sundard policy fonn, in a swn a~owd bY tM NWRTGAGEE. a~d `wM~to~^~
tnswano~ M tM wwl pand+~d poGcy fam~, in a wm approvad by ~M MORTGAGEE, M? wd~ can~+M or oa~P+~+iN p th~ MORTGAGEE 'My
dir~cy ~nd dl fir~ and wind~ro~m irowa~a pdiaes on a~y of HIII IlVIIdi11~f. afly (flftfpf flNfflfl OI ~f~ 1M~~OI, in Ih~ ~pprsQ+~~ ~wn afa~s+id a
In ~xcea d+Kwf, ~MII cont~ln th~ uw+l standard mort9a9e~ cl~us~ w wch otFw~ clws~ w tM Mwtpa~ maY nqu~n. m+kinp tM loss ur~ s+~d PdF
ci~s. ~ach ~nd ~wry. p~Yabt~ ro said MORTGAGEE as in interest may app~a~. snd each and every soch po~icy s1?+11 b~ PranWh ~ss:9"ed ~nd d~1ivK~d ro
any h~W by ~aid MORTGAGEE s funMr ~ecurity to s+id mortp~ debt, and. not kss th~n ~M l10) d+ys in advanu of tM ~xpiratioo of ~ad~ PolitY. w dt
liw? to said MORTGAGEE i re~ww~l the~eof, top~tl+u with • nceipt fa the pr~miwn of wd~ renew~lt aid tMh sMll bi no f'u~ w windstarm i~swana
pl~ad oe aey of wid b~iid'uq~, any inter~st thsr~in a pat tM?eof, ~nleu in the form ud witA tM loa Wy+bl~ +s ~fons+idt +^d tM ~`N^~ ~^1~ M+~*
of mwny b~conwa payaWs uod~r wd~ polky or po~icws s+id MORTGAGEE ~~1 Mw tM option ro rtaiw u~d ~pply tM ~am~ on +caow~t o( tM ind~bt~
n.ss s.cvnd Mresy o. a p..mi~ a~d MORTGI?GORS ro receiv and vs~ h or ~ny pa~t tF+ereof for othe. pwposa. w~~hou~ the.eb~ waivin~ w impaio-
in~ any pvity, li~n a~igM w+d~~ or by v4tw of tF?is mo»9ape: u+d ie tM ~veed ssid A~JRTGAGORS sh~ll fa any nasan fail to ks~p dw ~aid p~~ w
insurod, a f~il b d~livN p~anptly any of s~id polici~s of insuranc~ to saW 11i10RTGAGEE, or f~il promptly fo p~y fully a~y p«+niwn tMnfw w M sn~r
respact fafl b paforn~, disch~rpe. ~x~cvte. efhct. compl~ts. aomply wirh uid abid~ by this oovenant. or a~~? part ha~of, s~id 1NORTGAGEE nwy p~+o~ +nd
wY fo. wch haw.nc. w.ny pu? tlKnof sh~1t be ,i~lisr.y d~and pay~.b~. and ah.t~~b hte~iat from M+. d.~ tMaoffvmU ~tlN~ d
full ~mount of eath and twry wch p~yma~
nir» pN oamum pK arnwm ~nd togNha wirh wch intaest ihall b~ secvred by th~ lisn of this n~o~.
4. To pKmit, oomndt or suH~r ~no wut~. imp+irm~nt a deterioration of said properry or sny put the?wf.
S. To pay ~II and ahgular th~ casts, chupea +~d expens~~, iocl~dirp a re+ion+bl~ ~ttore+ey's fee u~d cosn of abstracls of title, inaxnd w p+td ~t
any tim~ by aid JNORTGAGEE. b~cava~ o~ i~ th~ twnt of the fsilure on the put of the uid MORTGAGOR to duly, P.omWb «~d t~+~N vKfo~n, d~h+row
uecut~, ~ffet~. aompl~t~, oanply with and ~bld~ by ~ach ~nd every ths stipula~ans, ~greemen?s, conditions, and oowa+nn of ad pranissay ~+nd ~hi~
mort9ap~ any a ~itlw. and said costs, cMrpes u~d expenws, each a~d every. sMll b~ imrnsdiately due ~nd pay~bl~s wMtha a not th~n b~ noKa dr
mand. ~tMmpt fo ooll~d or wN p~nd~~ ~nd th~ fvll amo~nt of each and wery such psyment shall bea. iro~nst fran th~ dute ti?Nr.~t uMil Wid N~M
rote of nim ~er antum pa aruwrn; and all said cosn, chu~es and e:penses irKwred w p+id, topethar witA suth inqr~tt. ~MII b~ ua+r~d by 1h~ Iwn of tlws
~9+~•
6. ?Mt in ths ~w~t of any brtach of this Morty~ br default on tM psrt of the MORTGNGOR, or (b) in th~ ~w^f +^Y of t+~d wna d°w~'w
her~in nfKr~d to b~ not pranptly s~d fully psid within thirty (30) days next after fhe ssme ~everally bscan~ du~ ~nd P+Y+ble. witho~t d~^~nd or ^°tia.
or (t~ in tM ~wnt ~ad~ ud ~vsry tFr stipulatian, s~ream~nts, cond~Yans and covenants of sud promissory note and this matp+p~ ~^Y a N11~ ~t ^a
iuly. promptlp and fully pNform~d, discharged. ~x~cut~d. ~ffected. canpkted. complied with and abided dy. t1~ in eitMr a ~ny wch ewnt tht s+id ~
prey~b sum rnMtamd in uid promiuory not~ then remsininp ~~paid. with interest stuued. ~nd all moi+tys s~turtd. her~by. shdl b~oome dw and p~p
~bl~ forthwith, a tMtMftK, ~t tiN option of said MORTGAGEE, ss ivlly and compk~ely ss if all of the said su~s of ma~ty vwn aipindly ttipulaMd
to b~ psid on wch daY, a~ythinp in s~id promissory note a t~ this Mortpa9e to the comruy notwithstandinp: and tMr~~rpon a thKt+h~r ~t th~ oPtan of
~aid AIIORTGA(3EE. without notip or d~m~nd, wit at law or in eqvity, ther~foro or th~reafier bs9un, maY b~ praewqd u ff all monhrt uaind I~~by
had matwd pria to iri irotitution.
7. Th~t io tM went that M th~ beyinnLg of a ~t any time pending any wit upoe thh Morty+ye, or to foncbw N, or to nfo?m k, w to ~nfoto~
paymem d any da'ara Mrwnd~r, s+id MORTGAGEE shall ~pply to tl+e Couh haviog jurisdK~an fhenoi fa tM ap~ntmsnt of a R~uivK, wd? Cowt shNl
forthwith ~ppoint a ncsivu of sa mortpaped prop~rty all ~nd singular, includ~ng ~II and sinpu~~r th~ incame. proiits iaswt a~! rtv~nws from wMMwr
sourc~ d~riwd. ~ad+ and twry ~which, it b~inp expressly understood. is hercby matgaged ~s if specifically ser fortA and dNaib~d h thi 9raetinp and
habendwn cbvsa henof, and wch Reaiwr shall have all the b~oad ~nd effective fvncuons u~d powen ~ ~nrwis~ emrust~d by ~ Cowt t~ a Reafwr. and
•uch ~ppointmN?t shall be n?~d~ by wch Co~rt as an ~dmitted equity snd ~ mana of absolute riyht to wid MORTGAGEE, and without nfermc~ to tIN
•dpuacy or inad~qwcy of tM valw of the propery mwtysged or to the solvency a inwlvency of said MORTGAGOR a tM def~rwl~nts, and that tuch
rsnn, profi», tntortw, baws and r~venues ah~ll bs applied by such Receiver accordinp to th~ lien w asN?iry of s~id N10RTGAGEE and tht practio~ of wth
Court.
8. To duly. Pra^Ptly ~rd fully pKform, dischsr~, execute. effect. comPkte, con+plY with ~nd ~bid~ by wd~ and wery tlr stipul~tiom. +y~n~d~,
cordnions and aov.n+nn in s•id pranl~sory nof. and this mortgage set fo?th. '
9. Th~t in 1M ~vent the ov~n+srship of the mort9+ped Wemises. or ~riy part thereof, beoomes vest~d in • p~nw~ otMr tMn tht MORTGA~'aOR. the
MORTG/1GEE, Nt suaes~on and assipns, m+Y, without notice fo the MORTGAOR, deal with such succ~ssw p Mioc~wor ~n infetest with nf~nnt~ fo 1hb
mo.typ~ and tM debt hereby secured in tM ssms msnner as with Nbrtgsgw without in any wsy vit'uYug a~inp tM Mwtyapor~' IAbility Mra~
under a upon th~ debt h~r~by secured. No tale of the premises hereby mortgaged and no fwb~awna on ti~s paA of the 1NORTGAGEE w in wooeasora
or euipm ~nd no txtension of the time fw ths p+yment of the debt hereby sccured 9iwn by the MORTGAGEE w its sucuswrs or +ssipt~,. ~haQ opvat~
to releaN, discharpe, modify cMrg~ or affect tF~e orginal liabiliry of the MORTGAGOR hereiry ~ither in wiaM w h pat.
10. It b tpecifically ~yreed that time is of the essence of this caur~ct and tMt no w~iwr of any oblgatan hawnder or of th~ ob~ip~tio~ sr
cured hpeby thdl at ~ny tim~ thertaher be held to be a waiver of the terms hereof a of th~ inttrurnent secw~d harby.
11. In sddition to the fa~go:ng mo~thly payments of princ:pal and interesf required by tF?e p~anisswy nole sea+red he?ebY. ^arfpsgor oow^~^1s
and a9rees to p~y to mortg~gee with each monthly payment ~n addirional sum es~imated by mortgsgee to be eqwl to 1/12 of the anrwal cost of tM follow-
ing:
A-All rNl prope~ty taxes kvied or ~ssessed against the above destribed reat estate.
B-Premiums on fire ~nd windstorm inwrance as herein requ~red to be urried on the improvements situat~ on the ~bove desaibed premis~s.
C-Premiums on such mortgsy~ 9wrsnty insurance as mwtgagee shall from time to time deem fif fo prry on the ban ~ecw~d her~by.
'I Morty~pee sh~ll from time to time notify mortgsgor in writing of the amount due and payable hereunder and such wm shsll thereupon b~ dw and
payable on the d~re date of the next moothly payment and each successive month thereaite~ until morfgagee shall notiiy mortgsgor of a chsrg~ in wd~
~ amount. Such tums ~hall be applied by mwtgagee toward the payment of resl property taxes, irowance prem:ums, and mortysp~ puar~nty insuranot
premiurro.
IN WITNE55 REOF, ths said MORTGAC.OR has hereunro set his hand ar+d u+l the dey u~d ysar first afor~said.
Siprnd, S~a d~ in of: .
~ ~
n
~--n
~
STATE OF fIORIDA ~
counrnroF St. Lucie
~.f~.. ~«.«Nuy ,~.,~.a ~ Oliver Henderson, a xidoi+er
:u~~r,a~_ t~ n,e ,,,,e~~ k,wvm ,~a www~, w m. w e»
the individwb desuibed in ~nd vrho executed the fae9oiny instrument, and ackrawteJged before me th~t tl+ey enecuted the sarm fw the purpoaes
therein e:prassed. 7f~is]6~Ti~~ -
.~f~K~6~C~Ti~7G~x - :.~~,r:~s...~nd~eir~A
X
WRNESS my hand and offici~l s~al thi~ ~ day of A. D. 19~
_ ~
Notary Public in and fw ths Sbb of Horid~ at lvpa
M„ c~,~ II- z 9 G~
Retur~ Tx
First F~rd Savirqs i to~~ /lssotiatioo ~~,~u.,~.•,,.,, • . NOTARY FUBI!C. ST"'F Gf ELt'i31CA 8t [ARG6
Of Forf Pieru. ~ ~ '
Fort Pie/ce. Florids ~ S ~..6 MY C^' .'1.: 'i E.iriRES NOV. 29. 1~$
_ cc-.rc. r, , _ - ri DINTLLMO~
FILEO AND RECORDED ` J ~ ~
ST. LUCIE COUNTY. FLA. ` ; ` : ~
~c-r~n~., ~,~F,a,~FIED ~ ~ ~ ~ -
/~~OOS _ -
.
55 _ -
26 Fi~ ~ : . ; -
~j,~~~:,•
~
i!~!~_'" L?~
. ~ :.J~-:;:.5 o R 153 427
CLE~tK ~iitClilT COURT dOflK ~ ~~f
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