HomeMy WebLinkAbout1287 To plac~ ~nd conlbwiously ke~p on tM buildi~+p~ now w MreaftK utu~te oe~ said l+nd sad a+ +II equiprnaM ud pKwnally covK~d by thi~ nart¢ ~
p~. with ~11 prsmiwm fl+K~on p~id in fu14 fi~~ iiuu~anc~ in tM ususl sur+dud policy fam, in • sum approv~d by tM MORTGAGEE. u~d winditornn ~
in~u~ana In 1M wwl p~ndard policy fam, in ~ ium apprwed by tFw MORTGAGEE, le wcM company a tomp+nies u tlr MORTGAGEE nwy
dir~ty ~nd ~11 fk~ w+d windstam inwraec~ policies on ~ny of iaid buildirpi. u?y inhryt ther~in or put thKwf, in th~ ayprep~q wm afor~said or
In ~xpq IMr~of, shall ca+ain tM wwl slandard ma~gape~ cl~~s~ w ivch otF+K clws~ at tM Mat9~gse may rpuw~. makinp tM loss w+da s+id pdF
ciss, tach ~nd ~vay. p~Yabb w i+id MORTGAGEE as iti interest may app~ar, and each and ~ve.y such pol~cy ~Full b~ promptly a~s:ynad ~~d dtliwr~d to
.ny MId by said MORTGAGEE u fw~ha ~.a,riry ro saW mor~pa9• deb~. uid. not kss ~h~o tM (10) d+ys G+ advancr of 1M ~xpiration of ~ach pol'~cy. to d~ :
I~v~r ~o s~id MpRTGAGEE a ~en~w+l tF~wf, to~~hK wi~h • receipl fw the premium of svd+ renew~l; a~d ther~ tMll r+o f'u~ a winditam inwru~u ~
pl~crd on any of ~id bviMiny~, any 1Ma~st thtr~+H a put thtreof, unleu in IM form ~nd with 1F+~ lou psyabl~ u ~fa~iaid~ +nd in tF?~ w~nt any wm
of mon~y becomes payaW~ vndN wch poliey a polK~ss said MORTGAGEE shall haw th~ option to noeiw ~nd ~pply 1M wn~ on ~ccounl ot tM ind~bted~ ~
neu wcund I~utby or 1o permit s~id MORTGAGORS Io ~eceiw and use it w a~y part ~hereoi fw o~he~ purposa. wi~hout the.eb~ waiviog o. impan• i
irq eny puiry, IiM w riqht und~~ w by virtw of thi~ mortpsp~= ~nd in tM ~vent ~aid MORTGAGORS shall (a any reason f~il to ke~p the s+id prem~ses io ~
iniurld, o. f.U a d.liv.. pomptly any of ~id policies of ir?suranc~ to said MORTGAGEE, w fail promptly ro p+y fully any premium the~efw w in ~ny !
raspsct f~il to pNfwm, dischary~, ~aetv~~, ~H~ct, compltte, tomply with and abida by this toven~nt, w any part I+ereof, said MORTGAGEE m+y plac~ and ~
pay fw svch i~ur~ncs or ~ny part tMnof wirhout waivinp or ~ff~ctinb any option, li~n, pvity, w ripht w by virtu~ of this Martpap~, and the '
full amaint of each ~nd ~wry such p~ymN+t shall be immediat~~y dve snd payabls ~nd sh~ll bea~ inMrest from tM dat~ thsreof until paid at th~ rat~ ol l
nin~ p~? pntum pK ~mum ~nd royethet with wch intcrett shall be secvred by tM lien of this mortp+pe. j
1. To pKmit, ca~vrdt a wffu oo wut~. Mnpairment a dcterawtan of s~id prope?ty o~ ~ny paN thereof.
S. To pay all and siepul~r tF~ cosn, ch+?pes u~d expens~s, inctudirg a reasonable anwney's fee uid cwta of ~bst.acr~ of title, Incvned or p+id ~t
•ny ~tme by said MORTGAGEE, b~uv~e a i~ th~ w~nt of the failure on ths put of ~he said MORTGAGOR a duy, prompNy •nd f~lly pe.form, d~sch+.~
s:ecut~. ~ffeet, oomplN~ oomply with and ~bid~ by ~+ch ~nd every tM itipulations, agreements, tonditions, and oown~nts oi said promiswry not~ and thia
mort~~ am or atMr, and a~d ooals, chu~a ~nd expenses, esch and every, sh~ll b~ immed~atcly due and p~y~bk: wMther a not tl+sn be r.otiu dr
mand, ~tt~enpt to aoll~tt or wit p~ndinyj ~nd tM full ~n+arnt of each ~nd every wch psyment sMll besr interest from th~ dat~ thtreof until p~ld at tM •
rare of nl~s per ceMum p~r amwm; and alt said costa, cFwg~s and expa+ses iocvrred or paid, tog~~Mr with such intK~at. ahall b~ s~nrred by th~ li~n of tha
mortpa~.
6. ?Mt W in th~ ~wnt of any bresch of this Mwtgp~ or defauSt on tFr part of the MORTGAGOR, w(b) in tM ~wnt u+y of said wms of mawy
herNn r~fKr~d fo b~ eof promptly and fully paid within thirty (30) days next after the same sever~lly becom~ dw and p~yabl~, without d~m~nd o~ notite,
er (c) In tM ~vent ~+ch and ~wry tM ttipulati~aeu, ~greements. condiTwns ~nd covei+ants of s~id praniuory note and this matp~ u~y a eitMr ~n nol
iuly, promptly uid fully p~rformsd, disclW?~ed. execvred, effected, compl~ted, canplced wi~h and abided by. th~n in ~ithsr w ~ey ~uch ~wnt tM s+k! ap~
preyah wm rnMtiorMd in aaid promissay ooM then rem~ieinp unpa~d. with interesf ~cuued. ~nd al~ montys setw~d. Mreby. ah~ll beaans dw and p~y~
ebl• forthwitl~, q tFlf?NftN. tl tht option of said MORiGAGEE, ~s fully and completely ~s if •11 cf ~he uid sunr of money wer~ orpi~ally itipubted
ro b~ paid oo wch day. smrthinp in ssid promiuory note a in ~his Mortgaye to the ca+~rary nonni~hsundinp; ~nd tMrwpon or ther~afiK at tM option of
~sid MORTGAGEE, without notia or demsnd, wit at I~w or in equity, therefore or tFwcafta be~wy ~y be p~o~ecvtd a if all moMy~ ~nd ha~by
had matw~d prior to its irotitution.
That In th~ ~vent th~t ~t th~ be~innirg of w ~t ~ny time pendirg sny suit upon this Mwtyspt. w to foredose h, ot M nform it, o? to ~nforq
payment of any da'~em h~r~w+der, said ~IIORTGAGEE shall apply to the Court having jurisdrction thereof fa tM appointment of ~ Receiwr, such Court sh~ll
forthwith ~ppoinf a reuiv~r Of sri~ mortpa~ed prop~rty all and singul~r, inclvd~ng all and singulsr the incorn~. pofits, issw~ and r~wnuet irom wMt~v~?
wurc~ deriwd, ~ad~ ~nd ~wry o# which,, it beinp expressly undersrood. is hereby mortgaged ss if specific~lly set fath and dewibed In tAi prantinp ~nd
hab~ndwn daw~s hereof, and wch Receiwr ihall have ~II the brwd and effective functions and powers in anywise entrust~d by ~ Go~?1 tQ ~ Reuiva. ~nd
~uch appolntm~nt ah~ll b~ m+Je by wch Court ~s an sdmitted cqviy and a m~tta of sbsolute riqht to ~aid MORTGAGEE. and witAout r~ferenu ro tM
sdequscy or inadpuacy oi tM v~lw of the property mortyaged or to the sotrency w insolvency of siid MORTGAGdt or tM defendan», ~nd that such
rents, profib, intorn~, isaws and rwenues shill be applied by ivch Receiver accwdinp to the lien w puity of taid MORTGAGEE ~nd the practit.~ of suth
Court. ~
8. To duly, pron~ptly ~nd fully perfwm, discharq~, e:ecute, effect, complete, comply with a~d abids by sach ~nd ~very ths atipul~tions, sprNrrwnt~,
conditions and coven~nri in said promissory oote ~nd this mortgage set forth. • -
9. That in tM event the ownenhip of the mortgaped premises, w any pan thereof, becomes ves»d in ~ pxson other than tM MORTGAGOR, tM
MORTGAGEE, iri waessora and asigm, may, without no~ice to the MORTGAOR, deal w~fh iuch succes~w or wcc~ssw in interest with r~f~r~u ro thb
monflpe ~nd tha debt her~by secured in tM same msmer ss with Mortgagor without in ~ny way vitisYug or discMr~inp the Mortp~pwt' liability htre~
under or upon tM debt hereby secured. No ule of the premixs hereby morfgagcd and oo fabear~nce on the pan of th~ MORTGAGEE a in successat
or aesipns and no extension of tFrc time far the payment of the dcbt hereby secured given by the AhORTGAGEE or ih succetso+s or supns, shatl op~r~tt
ro releau, disclwrye, modify cMrge a effect tF+e wigin~l liab~lity of the MORTGAGOR herein, either in whole or tn put.
10. It is specifically agreed thst time a of tF+s euence of tha contract and that no w~iver of any oblgation hereunder w of tM oblip~tion ir
cured he?~by sAall ~t ~ny tim~ thereafier be held to be a waiver of the terms heraof a of the instrument aecw~d htrby.
11. In sdditan to the fwego:~g mw~thly payments of princ'pal and interest :equired by the p~omissory eote secured hereby, mwfyagor cownanh
and agrses to p~y to mortyapee with e~ch monthly paymcnt an addirional sum estimated by mortgagee to be equal to 1/12 of tha annual cost of tM follow-
ing:
A-All real ptopeAy tsxes levied or sssessed against thc above deuribed real estate.
B-Premiums on fire ~nd windstwm insurante as hcrein reqv~red to be carried on the improvements situate on the ~bove described prNn'~ses.
C-Premiums on such mortgage ywranty insursrKe as mortgsgee shall from t~me to time deem fit to wry on the ban secured hereby.
Mwtpayee shall from time to time notify mortga9or in writ~ng of the amount due and paysble herovnder and such sum shall fherwpon M dw ~nd
I payable on fhe due date of th~ next monihly payment and each successive month thereafter until mwtgagee sha:l notify mwtgsgw of ~ tharp~ ln s~ch
I amou~t. Such sums shsll be ~pplied by mwtg~gee toward the paymcnt of real ~property taxes, inturance premiums, and mortpsge ywranty iniur~nu
~ premiuTS.
~ IN WITNESS WHEREOF, th~ s~id MORTGAGOR has hereumo set his hand and sesl the day •e~-~year fint afwesaid ?
E SN del' in tM prssence of: ~ ~ i
n ;
~
~n
~ K--~
STATE OF FIORIDA ~
cou?~n oF St. Lucie
gef„e ms penoru~~y ,p~„ed Davi r~ S~hPnAnr3~Ah ,nd
tle r i s S e he n~n d o ah tu, w~re, to me well known and krawn to me to b~
tha individuab describ~d in and who executed the foreyoirg instrument, and sdcnowledged before me th~t they executed the ssme for tFa purposes
therein a~a ~h. N~a Doris Sehenandoah
w;r~ of th. „id David Schenandoah - „p~„ ,,~p,,,r, „~d pr;~,t.
examfnation bp me tsken separate snd span from her said husband, adu~ovv{edged to and before me that she execvted said ifIftNTlM fflQl~l O~Id YOIYM
tarily and witharf ~ny compulsion, conttraint, sppreFKnsi~nfror feu of or from her said Iwsband.
WITNESS my h~nd and official ~eal tF~is T~~ dsy of A. D. 19~_ `
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Notary Pubt' ~nd for the St~te of Florida N lupe ~
My Corren' ' sxpires: ~
Rstum To:
first fyd.ral Savinps i lwn As.ociar~on rvotary PubNC, ?lat~ of I'loride st Large
Of F°'r PKr`°. ,..•.•~s~tt~~ 9onded By.American~Surety Co. of N6Y.
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