HomeMy WebLinkAbout1209 To plao~ ~nd oontinuousfy kNp on tM buildi~ now w MrNhN WtvaM oe~ taid land snd on ~II W~iP^~~ ~ W~~~~1? oownd b1? ~Ns ~norp' ~
p~, with ~N p~n?iwrK tha~on paid h fvl4 fin Gawana ie tM uwal iandard polrcy form, ie • swn +pp?owd by tM MORTGAGEE, ad wtaJtrorm
inswann in Nw uswl u~e~rd poliey fam. in +~wn approv~d by rh~ MORTGAGEE. In weh enmpany w~e~p+~i~s a tM MORTGAf3EE ~n+y
dir~t ~nd a!1 t1n ~nd wird~~o?en inwrana poliei~s oe ~ny of said bufld'ups, ~ny intaa~ tl?K~in or part tlw~of. In 1M apyrey~t~ wm ~fatsaW or ,
In ~xops 11+Kwf, ~MI) oont~in tM wual sta~+dKd mo~rt9a~ cl~u~ a such othK daw~ a th~ M«t9ayN ewY requir~. makkp tM Iw~ vnt~r a~d polE
cia. ~ad~ ~nd ~vKy. WYabb q wM MORTG/IGfF at ib intaest m~Y u~d ~acfi u?d ~very svch poliey ~h~ll b~ prompfly ass:9n~d and d~11vK~d b
.~y Mld by wM MORTGI?GEE a funha ~ea?rtry ro s~W mor~a,Q. deb~, ~nd. not I~ss ~Fwn t~n l10) days in ~dv~no~ of tM eapir~tion of ~sd~ poticy. ro d~-
IivN to ~a{d MpRTG/1GEE • ~Maw~l thK~of. lop~th~t with a rsc~ipf for the prtmiwn of such ren~w~lj and tMn ~MI) b~ no fin a windstam irttw~
plsc~d on any of ~aid bvlldinps, a~y intK~st tl~~ o~ pu1 thK~of. unku in tM form and with tM Iws pay~bl~ ~s ~ta~es~kl~ ad k~ tht ~v~nt x~y wm
of mon~y boon~ payabl~ w~ wch policy or pol~cies aid MORIGAGEE sMll Mw tM option ro rec~iw and apply tM ~an» on icco++nt of ~M i~btd~
rwu s~cw~d lwsb~r or b pamit s~id MORTGAGORS ro reuiw ~+d us~ it a+ny psrt thereof fw other pvrposes, wi~how thereb~ waivinp u imp~i.-
i~ +nY pvitp. lia+ a ~i~ht uedK or by virtw of tha mort9aqer s~+d in tlw ~ven~ uid MORTGAGORS shall for any nsson fsit to k~rp the s+k1 premt~ ~o
inwnd, a iail to d~liwr poreipNy any of wid poliei~s of ir~xana to saW MORTGAGFE, w fail prompty to paY fully any p.aniwn ti+K~fw a le ~ny
nip.a f~il ~o pafwn~ disch~rp~. ~aq,t~, ~ff~ct. compl~te. compy wirl~ and abid~ by this cov~nt, w a~y put henof. s+id MORTGAGEE may plap ~nd +
P+r fw wd~ Deawanc~ w arqr pwt tMnof withow vwNinp a~ffeain0 ~nY aWion. ~i~n, e~Wiry, o~ ripM unrM~ a by virtw d this Mo.t~e. u~d tAs ~
f~~l Mna,~t of ~sd~ and ~rNy wcA p~ym.nf ~I++11 be Ln~+nly du~ snd pyabt. and ah~ll Mu intK~st fron~ tl+~ dat• therwf unHl paid ~t th~ r~» oi ~
n~n~ pu qMwn pK ~~vwm and topethe~ with wd~ Inhrest ~I~SII M secvred by tM I'~ of this mortp+p~.
1. To PKmtt. aawnit a wffa no wa~. imWama~t w d~teriowtion of said propatp a~ny parl thKeof.
S. To p~y all ~nd skpul~r tlr ooats, cAuya ~nd ~apeases, inctvdinp a rcaasona8ie-attorney's fN and costs of sbsn~cts of titb, incwr~d or paid ~t
any tIn?~ by said AI1pRTG,I~GEE, Mcaua~ or in th~ ~v~nt of the f~ilun on th~ p~t of th~ uid MORTGAGOR 1o duN. prompth u~d futly perforrt~, discha~
•xrcut~, ~ff~d. ownpl~t~. epmply w;th u+d ~bid~ by ~ad? ~nd wery the stipvl~tions, ayreements. conditions, aod oownaets of ~aid promisw~y not~ ind tl+it
~9~W ~^Y or ~ithK. and aid cata. and ~xp~m~~. each and lvery. ~h~ll b~ hnnediat~ty due and p~y~bl~t wheths~ a not tMr~ be notiu d~
mand, ~tf~npt to edl~ct er pitt pMd;igr and t!N full snw~x?t of each and ewry svch p~yment sMll bear int~cwt ftom th~ daq thtrepf uMil p~W at MN
rare of eJ~ p~? osntvm p~r w~rwml u~d all said aotts, chuya and expens~s inewred a paid, toaetMs w~th svch intw«t, shall b~ s~ew~d by tM li~n of thi~
6. T1wt in tM w~M of any breach of this Mort9~ w d~fault on th p~rt of tM MORTGAGOR, or (b) in tM ~wnt any of s~id w~m of moe~y
her~tn nf~n~d to b~ na pranptly and fuly p.id wi~hin ~h~ny (301 d~ys nex~ af~er ~he sam~ seve.aty b~ca+» dw u~d p~yabl~, without dKrNnd O~ notip.
(d M tM ~wnt ~adi ~nd ~»ry th~ stipulation~, ~g~~nenb. cond~tio~+s ~nd rnwn~nn of si~d promi:swy not~ and this mort~ape any w ~ither ~rs no1
iuly, promptly ~nd fu1N p~rform~d, disclwrped. ~xacuted, ~ffected, completed, complied with and ab~ded by, tMn tn ~itMr ar u+y Hxh ~v++if tM s~id ap~
~~pat~ wm mH?tio+Md te said promiisory note then ?~main~np wy»;d, w;th Interesl acuvad, and atl mon~ys s~cw~d. Mrrby. shall baoom~ dw and p~y~
~bl~ fonhwitly o~ IMrwha, at th~ option of said MORTGAGEE, u fvlly ~~d compkt4ly as ii all of the s~id suma of moe~ey wert oripin~lty afip~l~Nd
to b~ paid on wd~ day. anyfhkg in ~aid p.omiuory noh a tn ~his Mor~yaye ro rhe conr.ary ~a~wirM~and;rgs and rh.r.upoe w~Mr.ah.. a~M opf'wn of
~aid MOATQAGFE, wfthout notia w d~m~nd, wit at law a le puity, therefore or thaeafier beyvn, mar b~ prosecw~d a If all ewntys Mwnd Mnby
h~cl mahx~d p?iot to iM Institutla~.
7. Th~t M 1M ~vMt that tl tM bepiminp of ar at ~ny time pendiny any wit ~rpon t6is Mortyap~, or ro fonelw~ H, a to »form M, ot to Mfores
wY~? ~+~Y M+~under. f+id MORTGAGEE sh~tl apply to the Covn h~ving jwisd~ction thcreof for tM ~ppointment of ~ R~uivK. wch Cou?t sMll
fwthwNh ~ppoint ~ nc~fwr of sa mortp~p~d propKty ~U ~~d singul~r, inclvd~ng aU a~d singulu tM inoan~, profi». issws ~nd nwn~es han what~v~r
w
wurn d~rfwd ~ad~ ~nd ~wry wh;d~, it beinp expreuly undcrstood. a hereby mortgaged a if spac~ficaly stt forth aed dsu~ibed In thi Qra~tinp ~nd
hab~ndwn dawp I~~of, ~nd i~xh RenivN shall have +II the broad ~nd effecrive f~~ct~au and powers in anywiss entrusted by ~ Cowt p a Rec~ivu. ~nd
such appolntm~nt ahall M rt~d~ by wch Coun ~s an ~dmitted equity and a matter of absolut~ ripht ro said MORiGAGEE, and without nf~r~nq to th~
edpuary or insd~qu~cy of th~ v~lw of tl+~ propaty monp~ged or to the ~nrency w insolvency of wid MORTGAGOR or the defer+danty ind that wch
rs~ts, profib, incwn~, iuws ~nd nvenues sh~ll b~ applied by such Receiver ~ccwdinp to the tien or equiry of said MORTGAGEE ane) th~ practiu of sucA
Covrt.
8. to dvly. P.a~PrH .~d fi?ih ~or~+~, ~ro., execute, effact. complete, comply w~~h snd sbide by sach ~nd ~wry tl+a stipulatiaa„ aprs~nb,
condittora ~nd oovenana in wid promiawy not~ and rhis monpape tet fwth. • -
9. ih~t in N?~ w~M th~ ownKShip of th~ mort9aped Premises, or ariy psrt thereof, becanes wshd in a pK~on otMr than thr MORTGAGOR, th~
MORTGAGEE. In wootswrs and auipns, n+ay, withoet notice to the MOR7GAOR, deal with such avcussor o~ ~uoc~sao~ in N11HN1 with r~fK~na to thia 4
rnort9~ u~d tM debt herebp s~cured in tM s~rrw msru~ as with Mortgagor without in any way vitiatirg w diuMry'ug the Nbrty~s' 1(~btlity h~rt
under or upon tM d~b~ hK~b,y sewred. No s~te of fhe premius hereby morfgaged and no fabearince on the p~rt of ths MORTGAGEE a in wa~ssas ~
or auiDm and no ezttnsion of tM time for the payment of the debt hereby secured yiwn by the MORTGAGEE or iq succsssws or assipst~, aMll op~qt~ '
to nl~a~, disd++rp~, ewdify ch~eg~ a affect the origin~l liability of the lWORiGAGOR herein, either in wlwle or i~ part. - !
10. It b spacifkdly preed that time is of tF?e euence of this contrscr ~nd that no waiver of any obtipal7un herwnder w of th~ oblipation s? €
cur~d h~»by sh~ll at ~ny tim~ th~reafter bs held to be e wairer of the terms hereof w of the inshument secw~d herby.
11. In add~tion to the forego:ng monthly psymen~s of princ:paf ar+d interest required by the pran'~ssory rare :ecured hereby, mat~agor oowewms
and a9rees to pay ro mortqapee with esch monthly payment an additionat sum estimued by mortgsgee to be eqval to 1/!2 of the inn~sl cost of tht fdlow-
~~~g:
A-All nal property taxes kvied or assessed againsl the above dexribed real estate.
b-Premiurt~s on firo and windstorm inwra~ce as herei~ requ~red to be carried on the improvem~nts situate on the ~bove describ~d prem~s.
C-Premiw~s on suth mortpp~ yuuanty insurance ~s mwtgsgee shstt from t~me to time deem fit to uny on the ban ietvr~d hsreby.
MoMpape~ ahall from time to time ratify mwtgagw in wr;t7ng of tF?e amou~t due and psy~ble here~nder and such wm sMll therwpon be dw and
payable on the due date of the next monthly payment and each succ~sive month tfieresfter untit mortgagee sMll notify mortgagw of a dwng~ in svch
amovnf. $vch swe~s shall b~ ~pplied by mortysgee toward the payment of real property taxes, inwrance ptemiums, and mortya~e ~uar~nfy inwr~nc~
- promiums,
IN WITNESS WNEREOF, th~ aid MORTGAGOR has hereunto set his hand and sesl the dsy and r fint sf
S~a and d~l ~d in th~ pr~ of:
~
4
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~ STATE OF FLORIDA
~ St. ~ucie ~
courm oF
j s.~.. m. p«,o,,,~y,~,~.d Cody L. Bailey and Carolgn A_ Bai ~ ev_ hi a vi f'r~
,,Ii 1 1 i am~. Da~nAhower and Lue { a A D nnAhnvwr ha w~te, ro me we11 krww~ .~d k~ww~+ ~o me to b.
I rhe tndnidw4 daaibed 1n ud who ucecuted the faeyarg instrwnent, and acknowledped before rn~ tMt they e:ecvted ths same for the p~rrposes
i therein ~xpre~wd. Md tM Csrol m A_ Bai 18~~ th9 wi fB nf f`ndv T~ RA; l ev AnA T~~r i n e
j ~,x,1C76~=ilp Dannaheweri _~„ri ~e of Wi l 1~t ~rn R_ D nnaho~re~ ,,~,.,t. P,;,,.~
e:am'uwtion by m~ taken sep~nt~ and apart from her s~id husb+nd, adu~awledped ro and beforo re» that sl~e e~cecured said irutrument frerly and volwr
f rarily and witl~out a~r cornpubjw~, oorotr~int, apprehemior w feu of or fran her said Iwsband.
~ WITNESS my h~nd and official s~al t~ ~ T!
f day of e 8 A. D. 19~1b.
Notary P in and fw the State of F{orida ~t 4rp~ ~
My Com ion ~xpires:
Return Ta
j Rnt F~al Saviops 6 Losn Aswciatioa Notary PubMt. ~tat~ of Fionda at Large
Of Fwt Pierce. ~~+•`~~~~~~p ~.°•.•„4 ~ 8ondedmmtseion Expit~t Au8. 1967
~ ~ Am~rican Sure
Fwt Pierce. Florida ~Cj ~~•.•••,;~3~L Ii~ 8y ~~0• 9i N. Y.
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