HomeMy WebLinkAbout1061 To plan u~d continvovsly kNp on tM buildirgs oow w hereafta ~itu~t~ o~ said land snd on NI equipnwnt ww1 pNwn~~hr cevK~d bY ~hk ^a~q~
y~. witA ~11 pr~miw~a therwn p+id in fvll, fi?~ ins~r~nce in tM ~w+i sur+dard policy form, in • swn +pprowd bY ?M MORTGAGEE, ~nd w'u~lorn~
inw~anc~ in th~ wwl ~und~.d policy fam. in • iwn approv~d by tM MORTGAGEE. in such company w oompani~s a tM MORTGAGEE m+y
dincfl and ~II fh~ ~nd wie~wrm i~uui~ policies on any of'taid build~rps, u+y inMrpf therein w p~rf fM~wf, in tM apy~pat~ wn~ afortuid or
in ~xc~u tM~~of, sh+ll cont+ln th~ uw+l st+ndud morrgsge~ clavH a s~ch o+hu dwse u~M Matya9N m~y rpuk~, m~kinp tM loa w~ uid po~F
cl~. ~ch ~nd ~vKy. paYSbl~ to s~id MORTGAGEE as in in~eresl m~y app~+r. and each and every iuch policy shsll b~ p~anptly ass:9ned +~+d d~liwr~d ro
~ny Mld by ~aid MORTGAGEE as fw1F+K security to s+id mwtpsg~ d~bt, and. ~ I~ss fhr~ te~ 1101 days in advar?n of tM ~xpir~tan of each policy. ro d? '
livK to ~aW MORTGAGEE • rar~ew~l tMrwf, ~opethK with a recNpt fw ths pr~mium of such renewil; and th~t~ ~I»II b~ ~+o fin a winditwm ieww~nu
pl~t~d on a+y of saW buildinps. ~ny interNt thKtin or p~rt thereof. unleu in the form and with th~ loss p~Y+bl~ ~for~saidj ~nd in the tv~nt ~ny win
of nwr»y b~com~s paysbl~ ~nd~r wch policy or policies uid AAORTGAGEE ~hall Mw tM option ~o receiw +nd app!y the s+rtN oe accovnt of tM iod~bt~d-
neu Ncvnd he«by a b pKmit said MORTGAGORS ro receiw and u~e tt o~ sny pa~~ thereof fa orher pwpoies, wi~hout thereb/ waivinp o~ ~mp+iti
~n9 u?Y p~~h. li~n w ripht und~~ or by vktw of this mortya~es +~+d in IM even~ ~aid AhORTGAGORS ~I?all to~ any ~e~son f~il to keep the uid pr~mises so j
~nsund, o~ f~tl to d~liwr promptly sny of said policies of inwrurc~ to s+id MORTGAGEE. o~ f~il promptly ro p+y fulty ~ny pr~mium tF~efor or in anr
resp~ct fail b paiam, dischup~, ~xecut~, ~ff~ct, campl~te, comply wi~h and ~bide by this covenu+t. a+nY put herwf, said MORiGAGEE may plac~ +~d
P+Y fw wd~ Irowarw~ w any part tMnof without w~Ninp w affectinp ~ny option. li~n. ~Vv~b, or ripht under w by virtw of thi~ Nb.ro+p~. and tM
fult amount of ~ach and ~w.y such p~yrnMt sh~ll b~ immedNtey dw ~nd payabl~ and shall bw inteteal from tl» dat~ theraof-until p+id at tM rat~ ot
nine ptr cMtum p~r ~nrwm and toyetha wi~h suth interest th+ll be sdcvred by tl+~ lien of this matpap~.
1. To pKr~+it, oonw~lt a wffu no wait~, impairm~nt w deterardion of ~aid prope.ry w any put thereof.
S. To p+y ~II ~d slnpular tM cotri. ch~rpa and expenses. includinp a ro~wr+able attorney i fee u~d cosn of ~bstracts of tiNs. incvned o? pa~d at
any tim~ by s~id MORTGAGEE, bcws~ w in the ~wnt of ths f~ilu~e on the p+~t of tl+~ said MORTGAGOR to duly, pranpty ~nd fvlly pufwen, diu~
•xecut~. ~ffect. comPl~t~. oomplY with and ~bide bp ~ach and every the stipulations, p~eemen~s. condi~iont. ard town+nb of s+id promissory ewte ~nd~
mo.t9ape ~ny o? ~itM~. and said coats. d~u~es ~nd ~xpenies, each ~nd ~wry, s!?~It b~ immediately dve uid p~y~bl~s whetAer a ~ot there b~ Rotia
man~, attempt ro toll~tt or wH pa+dinyt ~nd tM full amo~nt of eath ~nd ewry such paYment ihsll bear intetest fran 11+~ date thereof until p~fd at tM
rsre of nie~ pK centwn par ~nmHnt u+d all said oosn, chuyea +nd expenses incurred w paW, togetha~ with such imer~st, ahall b~ s~ar~d by th~ Iwn of thM
6. TMt in th~ ewnt of any bnach of this Mortg+p~ w default on tM pa.t of the MORTGAGOR, w(b) in the ~va+M any of s~id wms of mon~y ;
her~tn r~f~n~d to b~ not promptly ~nd fvly paid within thirty (30) days nexl afte~ tl+e same uve?ally becom~ due and p~yabl~, without d~m~nd o~ notic~, j
or (eJ In fhe ~wnt tath and ~wry th~ stipulatans, agreemenb. cond~tions ~nd coven+nts of s~~d promiuory note a~d this mort~e any o~ Ntl+K an nol ?
iuly, promptly and fully paform~d, dischar~eed, executed, effected, completed, complied with and sbided by, tMn in eitl~ w any such ~vant 1M taid aP
prpat~ wm m~ntior.~d in said promissory note the~ remainiry unpaid. wilh interest atuued, and all moneys ~etur~d. F~~by, shall beoort~e dw and p~Y`
sbl~ foNhwhh, w thKtaAa, N th~ option of said NIORTGAGEE, ~s ful~y ~nd completely ai if sll of the wid sums of mawy wen apin~lly st~pulated
to b~ paid on wch day. anythirg In wid praniuory note or in this Mortyage to the contrary notwiiluundinp: aed tMrwpon o? tha~ah~. ~he op~an of
uid MORTGAGEE. withoW notit~ a dem~nd, wit ~t law ot in puity, therefwe or thereahe~ be~~ey nwy b~ prwetut~d q if ~II mon~ys Mtured Mnby
h.a m.h?nd prior ro 7n inninnia~. ;
7. TMt in 1M event tMt ~t th~ beginning of w at sny time pendiag any wit ~pon this Matgage, w to forados~ N, or to ?~form h, w to enfwa ~
paymtnt of ~ny d~ima Mrwnd~r, s~id MORTGAGEE sh+ll apply to the Cou~t having jurisd~ction thcreof fw tM ~ppo~ntm~nt of ~ Rec~iver, such CouA sh~ll
forthwNh ~ppoint ~ nuivN of s~T~ mortysyed propKty all and singvlsr, includ~ng all and singular the income, profits, luuts and r~wnues from wMt~va
bUtCf dN~Vld. laC~1 i1M~ !Wn/ O~ which, it beinp expreuly unders~ood, is hercby mor~gaged ss if ~pecific~Ily set forth and dewibed in thi prantinp and
hab~ndum dausa Mr~of, ~nd such ReuivK shall have aU the brosd and effeaive functions and powers in anywise entrusted by ~ Cowt tp a Receiva, and
such appolntment sMll b~ m~tl~ by such Co~rt u an admitted equity ~nd a matter of absolute righl to s+id MORTGAGEE, and without r~fersnu to tl+~
adpu~cy a lnad~qwcy o~ tM wlw of ~he property mortgsged w to the sonrency o? insolve~cy of uid MORiGAGOR a the defendanri, and that such
rent~, profits, incan~, iuws and ~~venws ihsll be ~pplied by such Rec~ive~ accord~ng to the 1'~en w eqviry of said MORiGAGEE and tM practics of such
Court.
8. To duly. p~c~ry .~,d f~ly a.fo~n, discMrpe, e:ecute, effect, complcte, comp~Y with ~nd abide by esd~ and every tM stipulatioe», apr~nb,
conditioos and coven~nn in said promlasory ~ote u~d tha matgsge set f«th. "
9. TMt In ths w~nt the ownenhip of the mort9+yed premises. or ~ny psrt thereof, becomes vesHd in a p~rwn otl~e? than th~ MORTGAGOR, tM
MORTGAGEE, its sucua:on ~nd ~ssipns, may, without notice to the MORTGAOR dca~ wilh such succassor a sutt~ssor in interest with refer~nce to thU
mon9p~ and tM debt hereby seturad in th~ same manner as with Mortgagor without in any wsy vitiatinp or distMryirg the Mortya~ors' (iability Mrt
under w upon th~ debt I+Keby secured. No asle of the premises hcreby mwtgaged and ~ twbearance on th~ p~n of ths MORTGAGEE or i» suaeiwrs
or suiyro u~d no extension of the time fw the payment of the deb~ hereby secured given by tFie MORTGAGEE a in succesiws or +sti~ns, sMll optrat~
ro nlease, discharpe, modify ch~ng~ or effsct the wiginal liabitity of the MORTGAGOR herein, either in whole or in part.
10. It is specifiulfy apreed tMt time is of the esxnce of this co~tract and that no waiver of sny obl'~yation herwoder or of tM oblip+tion sr
cur~d Mrebr sh~ll at ~ny t&rN there~fi~r be heid to be a waiver of the terms herwf w of the iratrwnent sewr~d h~rby.
11. In addiYwn to the forego:ng rnonthty payments of princ'pal and intereat required by the promissory nofe secured FKreby, mortQagor covtnant~
and sgrses to p~y to mortps~ee with e+ch monthly payment an add~ranal sum estimated by mwtgagee to be equ~l to 1/12 of the ann~sl cost of the follow-
;
infl:
A-All real propery taxes kvied or ~ssessed against the above described real estate.
B-P~emiurta on firs and windstorm insurance as herein requ~red to be carried on the improvemenb siNate on the above dewibed premiset.
I C-Premiums on such mwtgage yuaranty insurance as mortgagee shall from t~me to time deem fit to carry on the loan secured hereby.
Mortyaga~ shalt from time to time norify mortgagor in writing of the amount due and payabte hereunder and such sum shall thereupon b~ dw snd ~
~ payable on the due date of the next rtwnthly payment and each successive month theresfter uMil mwtgsgee shall notify mortgagor of a chanp~ in wch ~
E amounf. Such swru shall b~ applied by mortgagce toward the payment of real property taxes, insurance prem:vms, ~nd mort~aye ywr~nty insuranc~
premivrta. ~
IN WITNESS WHEREOF, tM said MORTGAGOR has hereunto xt his hand and seal the day and year fint sforesaid.
/ 1 and dtl' in tM presance f• .
.~~M ~o~~ ~ Jr Q. ~ ~
M~~ ~ n ~
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sTArE oF ~aeio~ ~
ST. LIICIE ~
courr~r oF
defore me perwnslly appeared Tohn ~ Be~~~ er ,rT_ and ,
Mar~, Beutler hn wif~, to n,e „vet~ ,_'';t~iRr~dw~r'' •.r. to b. ~
the individuals describ~d in and who execvted the forepoirg instrument, and edcnawledged befwe me that they ex ~.ssf1M•hlf 1~F!rposes
.xae,~.a. Ma th..: Mar P Beutler -
w;fe,f t~. „~a John F Beutler - ~ ,:ad'aa.~ ~
examinat'an by ms tsken sep~~ate snd apart from her said husbsnd, ~dcnawledged to and before me that the executaid saSd instr~~~t.iredy Md vd~n- ~
tartiy and without any comp~lsion, cautr~int, appreF~ension, or fes? of w from F+er ~aid Iwsband. _
Se t mber ~ •t ~,~'p.:1~~
WITNE55 my land and official seal this 12th d+y of
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~ Notary PuWic in snd fw the S1ate of i~11=~f lar~`~
~ t10~~fY~`~an expirq: -
Retum To: IA1f COMMISSlONSrEJ(PIR~iil~lCnf,7A:tl/iit;c ~
Fint F~d~ral Saving~ 3 losn I?swciation N~a~ t ~R. 11. 19~i9
Of Fort P~erce. ~CO~OEQ ~ ~uo o~*ewo~~ ~
Fort Pierce, Florids
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