HomeMy WebLinkAbout0887 To plac~ uK! aonH~wiously kNp on th~ buildinps now w Mff~NN f11Ui1~ 011 Si1d (NIiI 111d OI~ ~II lQY~PIMIM ~ PN10~1aIIY COVN~ IIWfIQ'
~
wana h) tM~w a+ndud apol~cy fa1in, fin •~wm ~oved by ~he~ MORTGAGEE, fin w+ch ~compan~a canpanies~T M~MORTGAGEfE
n~i+Y
dinct~ and all fin aa! wind~~wen irawana polici~s on ~ny of iaid b~ild~aps, any inttrtst tl+K~in a? put thKw/, in tM a~~p~a wen afor~said a
In ucaa thK~of, ~h+ll aontain tM vwal u~~xlard mort~a~ cl~vs~ a such o~Fwr daus~ ~s iM Mor~yaye~ may ~puin. n?+kinp tin loss unda s+id paF
ci~~. Nch and ~wry. WYabl~ w s+id MORTGAGEE as in i~terest may app~a~, ~nd each u~d ~ve?y s~ch policy iMll b~ promPtly ~ss:~~sd ~+d ddiw?ed to
~ny Mid by s~id MORTGAGEE as fv?rMr sscv~ity to s+id matya~~ debt. ~nd. na I~ss t!?~~ ten l10) days io ~dvsnu of ~M ucpiratan of Nch policy, to dr
IivN to ~+id MORTGAGEE a r~wal tl+xwf, toy~~hK with • receipt fw the premivm of :uch renswalj and tl~~ shail b~ no f'u~ a windst«m inswana
pl~cad on ae~y of aid buildinps, u?y ietaat tMr~u+ w p+n th~reof, unleu in ~M form ~nd wi~h tM Iws p~y+bl~ a sfa~s+idj snd in tM ~wn1 ~+y swn
of nweNy b~con~ p~yabl~ w~ wd+ polky or polki~s s+id MORTGAGEE ihall h~w tM optan to ~eceiw and ~pply th~ sa~n~ an acoouM of 1M indebt~
nau s~cw~d Iwnbp a b ptrmit ~aid MORTGAGORS ro nuiw ~nd us~ h w ~ny put thereof for other purposes, without lhereb/ waivinp w imp~ir-
1rq aeY puiry. li~n ot ripht uoda ar by virtw of this mwtpa~et ~~+d the tvent uid MORTGAGORS shall iw ~ny ~tawn fsil to kesp tM s~id p~Nniies w
inwnd. a fdl b deliwr promptly ~?y of said polici~s of inswanu to aid NIORTGAGEE. or fsil promptly to p+y fully ~ny premium thar~for w M u~y
?~~p~n f~il b p~.fw~n, d'achuq~, actcvt~. ~fhct. canpl~te. comph with u~d abid~ by this cown+nt, a~ny pa?t I+~+~of, s+id MORTGAGEE may plac~ +nd
P+Y f!K wd~ haw~ or ~ny p~A tl~of withoW w~ivkp w afiectinp +nY cPtia+. ~iN4 ~4~ity, ar riphl uod~~ a by vklw of this Mortp~pe. ~nd tM
full ~nwum of ~ch ~nd w+~y such p+yen~t sh+ll b~ i~nrnedjately dw +nd payaW~ ~nd ahsll beu intKest han tM d~t~ thereof w~tll p~W ~t tM raN of
nin~ pK centuen pN ~ u+d topether with urch interest sh~ll be sacvred by tM 1'ien of this matqaye.
1. To pKmit, ca~wnN a wffK no wut~. Lnp+irment w deteriw~tion of ssid property w ~ny p~t thereof.
5. To wr ~II ~nd sM~pvlar tM cos», cMrpes u~d ~xpN+ies, includ~np + reasonab:s attwney's fee ~nd oosn of abstrac» of titl~, incurc~d w paid a~
~ny tlm~ by said MORTGAGEE, bKavw or in fM twnt ot tns fa~iure on the p~n ofi ~tK uro mvK~~a~+~rvR w aiviy. 1+~M~~v~~r ..N w•:~••~ -
~xecv», ~ff~d, complet~, comply with and ab'~dt b~r Nch and wery 1he stipula~io~s, a9reemenn. conditiont, a~d cownanH of ~id promistory not~ ~nd thit
^+at9+p~ ~^Y w~itF~~ afld NI~I CO~ff~ CMf~!! a1f~J fl[pMili~ liC~l a11~J ~Vlty. sMll b~ inxnediat~ty dve snd psy~b:~: whetl~ w not tMr~ b~ notiu d~
mand. ~ft~mpf fo aoll~cl or wit pa+dugt +nd fM fvll amount of tach and we~y wch paYm~nt sMll bear int~.af fran th~ dat~ tF~~of until p~id d tM
rat~ of ~Jn~ p~r ce~tum ptr ~uwmt +nd sll s+id costs, cMry~ ~nd expenses irKUrred or paid, top~ther with wch in?srst. ~hall b~ sewrad by the Iwn of tha
b. TA~t (a in the twnt of any brtsch of this Mortgagt w default on the psn of the MORTGAGOR, w(b) in the ~w~t ~ny of said suens of nwmy
henln nf~rt~d ro b~ not promptly and fully p~id within thirty (30) days neat afte~ the same s~verally become du~ ~nd psy~ble, without d~en~ed ar notip.
or M th~ ~wnt ~~ch and ~wry tM stipulsfions, ~gner~nts, cond~~ions and coven+nts of sa~d promiuory note snd th7s morty+p~ ~ny o? ~ither ~n nol
w1y. P?omPtiy uw fuiiy perform~d. d~xi?u~, ex~cvted. eifected. comPi~ted, comPi~ w~ti? and :b~ded ~,y. i3-~+i in e~t~.3r ~s s~z~ ~ ~.~rst tRg s~~ aQ- I
prpah sum m~ntan~d In aid promiuory not~ thcn rem~ini~p unpaid. with interest actrued. and all montys s~tw~d. henby. ~MII beoant dw ~nd p~y~
+bt~ fonhwith, w tl~eaha, ~t th~ option of said MORTGAGEE, u fuly and completely ai if atl of the ssid sums of mon~y were aipinally ~tipulat~d
to b~ paid an such day. anythinp in said promissay ~+oro w i~ this Nlortgaye to fhe conrr~ry nawi~hsandinp; snd thKwpon w thsr~afta at tM op~ion of j
•~id MORTGAGEE, without notia or dem+nd, wit st law or In equity, thereforo o? ti~eafta bpue~, may be prascut~d a if all ma~ys s~eund ha~by
had rMtutld pri0t to ib iMtifWioe.
7. Th+t tn tM ~wnt that at th~ bpinnirg of w st sny time pendirg any wit vpon t6is Mortyap~, o~ to foaclos~ N, o~ to nform h. a to ~nfwa
payrtient o# ~ny daims herwnder. s+id MORT(;AGEE sh~ll apply to the Covrt having jurisdiction thersof for tM appointmant of a RsceivK. svch Court fh+ll
Forthwith ~ppoint s noelwr of aa~ matpaped property sII and singular, includmg atl snd sing~lar tM inc+om~. profits, issws and rownues from wMtw~r
wurc~ dKiwd, ~ach ~nd ~wry o whith, it beirg ~xpreasly unders~ood, is F+ereby mortgaged as if specifiully ~et forth ~nd desvib~d In thi prantinp and
h~b~r~n dausp hsrwf, a~d such Receivsr shall Mve ~II the broad and effed~ve funcuons u~d powen in anywis~ entruated by a Gowt t~ a Receiva. ~nd
~uch appointm~nt shall b~ mad~ by such Coun u an admitted eq~ity and a m~tter of absolute ri~ht to wid MORTGAGEE, ~nd without nfKe~a to th~
~d~qu~cy or Inad~qwcy of the valw of th~ property mwty+ped or to the soivency a insolvency of s~id MORTGAGOR a tM def~ndan». ~nd that such ;
r~nt~, profits, incan~, fuws snd r~venws sh~ll b~ applied by such Receiver ~ccordi~q to the lien w equiry of said MORTGAGEE and th~ practia of s~ch ?
Court.
8, To duly, promptly and fully perfonn, d'acharye, execute, effect, c~rnplete, comply with and abide by wd~ and ~very tM stipelatiora, pr~b,
condtions and coven~nb in ssid promhsory note and this mortgsge set forth. '
9. ih~t te tM w~nt the ownership of the mo?tgayed premises. w ariy p~A tl~ereof, becomes veshd in • pKwn otM~ th~n th~ MORTGAGOR, th~
MORTGA6EE, Hs arcc~son ~nd ~ssipns, m+y, without notice to the MORTGAOR, deal with such sucussw w sua~sao~ in intersst with nferu~a ro thh
mo.tpap~ and tM debt her~by sscw~d in tM s~rne msmer as with Mortgsgw w~thouf in any way vitiatinp or d+scharyirg the Mortp~Qors' li~biiiry h~r?
under w upon tM debt hereby secured. No sak of the Fremiua hercby mortgaged and no fwbearanc~ on th~ part of th~ MORTGAGEE or it~ t~aeaas
w~uipns and no exter~sion of tM time fw the payment of thc debt F~ereby secwed 9iven by the MORiGAGEE w in wcuuws or ~uipm, sMll opK~te
ro r~k~, disthupe, modify chsn~~ or affect the wginsl liability of the MORTGAGOR F+ere'm, either in whol~ or in put.
10. It b specifically apreed tMt time b of the essence of this contr~ct and that ~+o w~iver of ~ny obl~gatan Mreunder a of tM oblip~tion ~r
cund Fwnby shall ~t any time thereaher be held to be a waiver of the terms hereof oi of the instrument secvred herby.
11. In add~tan to the forego:ng monthly p~ymems of princ'pal and i~terest .equ~red by the prom~ssory rare sea?red hereby, mortysgor oownanh
and ~yr~es to p~y to mort9sgee with each monthly payment an addirionsl sum es~~mated by matgagee to be eqwl to 1/12 of the annwl cost of fha foilow-
ing:
A-All real propeAy taxes kvied w assessed against the sbove desaibed real estate.
~~i B-P~emiums on f'ae ~nd windstorm insurance as herein requ~red to be carried on the improvemTnri situata on the above described premisea.
I C-Premiums on such mortgag~ yvaranty iRSUrarce as mortgsgee shall from time to time deem fit to urry on the loan tecur~d hereby.
~ Mortya~e~ tMll from time to time notify mortgagor in writing of the amoum due and payable hereunder and such wm shsll fherwpon b~ dw and
payable on the due date of ths next monthly payment and each successive month thereafter until mortgsgee thall notify mortgagw of a charg~ in wch
~ amount. Such wms siull be ~pplied by mortgagee toward the payment of real property taxes, insurarxe prem:umt, and mortgape puaranfy irowancs
premitxro.
IN WITNESS WHEREOF, tM s+id MORTGAGOR has hereunto set his !?and and seal tM day ~nd year fint aforesaid.
iprnd, d and v~end n tM presence of:
~ n ~
n
~ n
n
STATE OF FIORIDA 1
courm of St. Lucie
e.fa?. m. P.n«uup .pp.~.~a Joe M. Ra9 .na
VirQinia Ci. R83/ his wife, to me well known and known to me to b~
the individwb described in and who executed the forepoiny instrument, and scknowledged befwe me that they exea?ted the ssme for the p~rposes
therein .~..s.~a. n~a ..~a Virginia G, Ray
w~re ~ e» ..~a Joe M. RaY . ~ ..~..,fe .~d ;
examination by me tska+ separat~ snd ~ps~t from her said husband, adcnowledged ro end before mt that ahe e:ecuted said instrumeM heely and vol~nr i
tarily and witharl a~ compulsion, constraint, ~pprc or feu of ot from het said Fwsbsnd.
d~ Se tember q, p. ~q 66
WITNESS my h~nd and offici~l kal thK Y
Notary PuWic and for ths State of Florida at lup~
My Comrnisi e:pires: ~
Re~urn Ta Notary PubMc, ltaN of l~loride at Large ~
Pirst FedKal Savinps 3 Loan Ass«iation My Commission Expires Au& 6, 1967 '
Of Forf Pierce. " t~~ 6onded By Am~rican Surely Co. of N. Y.
`JO
. ' ,
Fwt Pierp. Florida ~ i.l f a~i -
: ~ .
_ v;' Q~
OR ~ - v .
f1LE~ AN~ RUN Y F A' sy` •~I `J
.
g-~, LUC^~~ ~r~ ~FIE . ~t- ~1; : ~ ;
.
c. r ~ ;o~•~,~.4r,,,~ Q3 :~~c~ :
T~' O
, ~ : 51 : ~"'~;,o ...~o~~
.
•.J~ ~~~li3ili~iN~~~~
~ ~Q 148~1 ~ -
. ~ -ti ~ ~ eqe~c~$4 287 ~
: ~UR-~+, . _ i ~ ,1~.-~
- - - - - - -
„ ,s ~ ~ --:~r+ . ~r~ ;~4a "~"'~o~ - - ~.s. _
:Nr