HomeMy WebLinkAbout0885 ~ t
- " I
1. To pl~ and oomUwously ke~p on tM buildirps now a h~~e+h~r wtu~q on s~id land and on ~II aquipen~el ~nd p~non~lly oownd b~r thb nwclp~
p~. with ~N p~miw~r tl~uwn paid in fufl, fin t~urance in tM uaual sundud policy form, in • swn ~p?owd by th~ MORTGAGEE. and windttorm
imw~na tn tM uswl ~~w~dard pol;ty fwe4 in • wm ~pprov~d by ~M MORIGAGEE, In weh eompany or ooenp~ni~s a tht MORTGAGEE nwy ,
diredt Md ql fir~ ar~d wind~~onn Gauuna potici~s o~ ~ny oi Nid DYiWi~ia3. My illftfMi fFNtllfl q Pi11 IANWf, tn tM apqr~p+~~ wm afonsaid a ,
tn ~xoas 1Mno% ~ha11 cont~in ths wval standud mortqsy~ claus~ w such whN clauw a tM Ahatpp~ may ?pv;n, makirp tM bas wKl~~ s~id polE
ciy, tich and ~vwy. p~Y~bl~ q uid MOR?GAGEE as in intKest rr~sy sp~p~a~. and tach and ~wry wch policy ~h+ll b~ promptty ats:~eed ~~w~ro ~
+ny h~W by sald MORTGIIGfE ~s funAer ~eturity to sald mor~pa~ deW, and, not I~ss tMn ~~n (10) days ie sdvaou of ~M ~~cpir~tron of Nch
IivN to pW MORTGAGEE • r~w~l tMrwf. to~ertw~ with a ncNpt fw ~he pnmivm of wch ren~walj and tMr~ ahall b~ no fu~ or windsto~m tnwanc~
p~+e~d on ~ny of s~id bvildinps, ~ny inta~st tMr~in w pah thenof, unkss in tM torm and wifh !h~ loss payabb u~fa~s~idj ~nd M th~ ~vMl +ey wen
of mon~y p~coma payabl~ w,d~r wch polity or polic;~s u;J MORTGAGEE shatl Mw ~M optan to rouiw and ~pply tM tamt an accow+t of tM M~d~btd~ .
n~u s~c~x~d i~usyy or b pKmit s+id MORTGAGORS ~o nteiw ind us~ it a any part thereof (w o~her pwposea, wirhovt thersby waivi,~ a imp~h- ~
tnp any pviry. Iite ot ~i~ht w~der w by vinw of tM mort~a~ej and in the ~veat s~id MORTGAGORS sAall fa ~ny ?~ason fail to keep tiIN s~id pnmise~ w '
Insur~d, or fall fo dd'rvK promptly any of taid polici~s of inswanc~ to said MORTGAGEE, w r.~i ~o~~y ~o P+y wih ~ny pnmivm ther~for a in u~y
re•p•c~ fa1l a p..forni, disd+.rp., ~:~cut~, eff~ct, comptatf, oomply witA and abid~ by this oorenaM, w ~ny part herwf, said MORTGAGEE en~y pl~n ~~d
WY for sueh (rauranef a~ny part tMrwf witho~t waivinp or ~ffsdin0 +^Y oP~~on. ~i~n. ~Wub. w right ~ a by virtw of thls Mo~t9+p~. ~e+d tM
fu11 amount of t~ch aed ~wry wih p~~nt sh~ll b~ i~wmdi~t~ly du~ u~d pay~bt~ and sMtl bsa~ intrre~t kom th~ dat~ Ms~eof untl! paW at th~ raM ot
++irx ptr ta?twr? pM atvwm and topNhe? with wch interesl shall be secvred by th~ INn of this mo~tpaQ~.
4. To pKmit, aomndt or wffer ~o w~st~. impairmeM or deterioration of said property or u~y pui thersof.
s- to !~.y +U and ~ular th~ coah. charoes aed expMSe~, includinp s reasonabk sttaney's fes snd cwb of abstr~cts of titls, incwr~d a paid af
sny tim~ by saii! MQRTGAGEE, baa~t~ or {n th~ ~vent ot 1M f~ilura on tne n ofi d~e sau i.::iaw:.v::x °-1-. c'»-~-~
~xecvt~, ~ffM, canPl~~a with and abid~ by ~ach ~nd • ~ a .::.:r. ~;:r:.:~iF~ :_.:j r:. ,
eomp~Y very ths stipulations. .greemenn, condiY~on~ and eown~nn of uid p~omissory na~ and ihu i
mortQp~ aey a~;tFw~, and s~id cos». chuyes and ~xp~oses. each and every. ~II b~ immediattly dus ~nd payabNt wl+aher or not tMn be ratic~ d?
Mer~, sttssnp! b co~~ or wit p+nr6ngt and tM lvl) xaount of eMh ar~d wery such payment shall beu intKqt from 1M dat~ th~reof until paid ~t tht
rate of nln~ pK tentwn per ~tiwm~ and all s+id oosts, cMr~es ~nd exp~nses inturr~d w paid. togNher w~th wd? int~?pt, ~hall b~ s~wnd by 1M li~n of tha
^w+~pap~-
6. TMt (a in th~ ~wnt of any br~ad~ of t~is Nlortqap~ or defavlt on fhe pan of the AAORTGAGOR, or (b) in tM ~wr?t any of aid weu of nwnty
Mr~in nhn~d to b~ nW promptly and fvlly psid within thirty (30) days next afte? the s~me seve?ally b~cortN dw ~nd pay~bl~. withwit d~mand a noY~q.
or W In th~ w~nt tad~ ~nd ewry tM stip~lstion~„ ~pr~aments, conditions snd coven~nn of sald promiswry oot~ and thi~ mwlyap~ N?y or ~itha ~re no1
iuly. Wor^Ptly u~d fu1~Y Paform~d, di~ch~rged, executed. ~ifecte~, con+Pieted, comp~]red w~th i~:ci aC:::~ 'sf, thsa In eEtt:er or any ~srch we~++ ~I?? s.K! a~.
prpat~ wm rtwntionsd in pid prpniisory note then ~amaininp unp~id. with intaest ~cuued, and all mor?~ys s~cvr~d. her~by. ahall Moom~ dw ud p~yl~ ~
sbl~ torthvvitly w thKN(ta, at tM option of said MORiGAGEE, u fvlly and compktely as if all of tl?e said fums of nwn~y wtn orpin~lly ttip~tattd
to b~ paid on such daY. ~nythlny y~ ~a;d promiisory oote w in eMs Mo.t~age ro ~M conr.ary norw~~hsundirq; ~nd Nwr~upon or thereahK at the option of
~aid MORTCsAGEE, whhout notip or d~mand, wit ~t Isw or in puity. there{we ot thae~her beyv~, tn~y bt praNtut~d a If al! naeNys s~tvrd h~nby
i?~iJ rMtund prior lo its imtitution, `
7. TMt In th~ ~wnf th~t ~t th~ inni of a at an tir~ne upon yay~• or to fontlos~ h, a a nfam h. a w enfora ~
bey rg Y pe~ny any wit this Mort ;
p+Yment of any d~iny Mreund~r, s~id MORTGAGEE shall apply to the Court having jurisd~ction the~eof fw th~ ~ppointmtet of a Rsceivt~, wd~ Court ~ll '
forthwhh appe?Int ~ nceiwr of s~j~! morty~yed property ~II u?d iugular, inclvd~ng all and singul~r the i~. profin, issws u~d rewows from what~v~r
wurq daiwd, ~acA and ~wry o~ whith, it beinp expressly under:tood, is hereby mortgaged u if apecifiully set forth ~ed dewit»d h thi pr~ntinp ae~d
hab~ndum clawp lrnof, a~d such Reetiwr shaN have all the broad and efletrive funct~ons and powen in ~nywite entnnted by ~ Courf fp a Rtt~iv~r, u~d
•uch appointm~nt tMll b~ mad~ by wch Co~rt u~n ~d.rined eqvity and a m+tter of absolute ripAt to s+id MOkiGAGEE, seid without nferMa to th~
~d~equacy w kwd~qwcy of th~ valw of tl?e property mort~aged er to the soNency or ;nsolv~ncy of s~id MORtGAGOR or t!?e defendants, ~nd thaf s~ch
r~n?s, profHs, Incorm, iu,?n and nvenws sM~~ b~ applied by such Receiver stcwdirg to the lieo or pvity of s~id MORTGIIGEE and tM pwetiq of such
Court.
6. To duly. promptly u~d fully pe?form, d'~scharys, execute, effect. ow~lete, comply with ~nd abid~ by s~ch uid every tM stipvbtion~„ apr~M,
conditbrn and toveMnn in said prom4soiy note and this martgage iet forth. '
9. That in tM went ths ownenMp of the mortgped premises, or ~ny part thereof, bec«nes ws»d tn a p~non otMr Nwn tlr MORTGACOR, tl+~
MORTGAGEE, hs wccessws and auipro, may~ without notice to the MORTGAOR, deal wi~h such succsssor o~ ~»w i~ interat wi~h r~f~r~noe ro thL
mortQap~ and tM debt haeby setu~ed in ths sams marmer u w;th Mwtgsgor wirhout in ~~y way vitidi~g o? dischn9inp tM Mortqpors' IAbility hsn-
under or upon tM debt Mreby sec~red. No s+la of the premises hereby mortgaged and ra iwbearanu on the put of th~ MORTGAGEE or its waNwn
or auipru and no ear~nsion of tht time for the payment of the debt hereby secwed giren by the MORiGAGEE w in sucusfaa w ~saipra„ ahdl opa~»
ro nleui, disdwrpe, modify chanp~ a affsct the wigin~l lisbil~ty of ~he MORTGAGOR here'N?, either in wFwle or in pan.
10. It b ~pecifiully ~Qreed that time is of the euence of this co~tract and 1Mt no w~iver of a?y obliy~Yan Mreunde~ or of ih~ oblipatfon s~-
cur~d h~reby ~MII at any tim~ thereaher be held to be a waiver of the terms hereoi or of the instrvment sccwed Mrby, .
11. In sdd~fion ro the lwego:rrg monrhly paymenr: of princ'pal and inrne~t .equhed by the p.om;uory nore sscured hereby, mortyagw cov~nants
an~ ~grees to pay to mortysyee with eath monthly paymcnt in additionsl sum est~mated by mortgagee to be equaf to i~lZ of tM annud tosl oi IM fdlow-
in9:
A-All real property taxes f~vied or sssessed against the above descrl6ed real esrate. ~
B-Aremiums on fin and windstorm irourance as herein requ~red to be urried on the improvements situate oo the above described premit~s,
C-Premiumt on such mortpsg~ pwranty inswance as mortgagee shal) from time to time deem fit to urry on tM loan setvred hereby.
Mortyspae shall from time to t;me not;fy mwtgagor ;n writing of the amount dve and payabk hcreunder and tuch wm sMif therevpon 6~ dw and
pay~bte on fhe due date of the next mw~thly paymenr and each svccessire monrh thereafter until mwtgagee shall not;fy mortgagw of a chanp~ in wch
amwnt. Such sums shall be ~pplied by mortgagee toward the payment of resl property taxes, ins~rance prem:ums. and matpspe qwranty inwr+nc~
premiums.
IN W f5S WliEREOF, the ~aid MOR?GAGOR has I~erevnto set his hand and seal ti~e day and r fitst afor~said.
Si SNbd uid de ed in p of:
~ ~
~
~~u.-z ~ ~ .~s..n
lS.ah
STATE OF FLORIDA ~
St. Lucie u-
counmroF
p,,,~,~~y Don G. Butche r.
; Je en But che r w~~, ,o ~ ~ ~ ~ ~ to ~
ths ind'nidwb dacribed io u~d wFa exscuted the foreQoinp instnrment, and acknowledged before m~ that they execvted the sart~e for the purpo~es
~ ~herein expnsa~d, Ar~d NN y~id J@~n Buteher '
' ,~~fe of ti» sa~d DOt1 G. ~B11tCt182' - upon ~ separat~ aed p~iva»
' axamiMtan by ms ta4en stparste and apart from her s~id husband. ~dcnowledg~d to snd befae m~ th~t shs exewted s~id imtrument freely and volun~
rarily and withovt ~ny compulsion, constraint, ~pprehension feu of or from her s+id husband.
~ WITNESS my hand ~nd off'Kial s~al thi ~y ~ ?Se t ber /1. D. 19 ~6
Pvblic in ard for the Stat~ of Harida ~t larp~
, . , • , ~ ~ ~ y:~~ My Commisiion ~xpirss:
RNwn Ta
fiM f~dual Savtrgs 6~ Loan A~toclafiw~ ' ' 7^' S~! 0~ ~Ofldi it ~
` ~ ~ r I IIA~? (~sia~ypires ~S~t. 23. 1969
Of Fort Pierte. +
r~ PK.o ~E~~R~~~p ; ~t. ~ o ' : c~w c..
. ,r
EO~N ~~Y.~ ' =::c.:~:.~- .~.;t-`
~ ~e
e c ` ~ F~E~~~ ~
~,F: ~ ~ : " O .J J , _
.
~ t ts.. Q : :
• ,~~I• ~ • N~~~•% ; .
5~
~ 9 QM ~~p ~ ~
~
SFP 14 rt hs?,?,,,,,,
~ ~ ~ : -
~ ' - • ^
. ,,,,L~,
~ ~ ~ 80~154 _ 2~5
~ ~ - - - - -
~+r a;: r
~ ~r ~x ~'r~~~~~:z~.,~+, ~ - -
v~;i