HomeMy WebLinkAbout1451 , _ ; .
To plau and contl~ww?ily ke~p on tFr~ buitdinps now a Mr~.ff~a sitvit~ on said land ~nd on ~11 puipre~M u~d pK~on~lly oownd by thi~ nwrt¢
~gs, with aU pnenivms thtnon paid in full. fire i~aur~nte in 1he ~w~l itardud polity fo~m, in • twn ap(xowd b~r 1M MORTGAGEE. and witKbto~m y
~nsuranp in tM wwl t~andard policy fam, fn s sum approved by 1he ANORT(;A('ifE. in wcb cawnpany o~ comp~r?ia q tM MORTGACsEE mar ~
d~.ec?r ~nd al! fFr~ and w;n~b~orm iosura~ce polK~es on ~ny of said buildinpt, ~ny inttns~ Ihertin o? put 1hKwf, in tFw ~yprap~~~ wm afora~ld or
~n excyss therwf, sh~ll cont~in ths ~nwl s~~ndud matgagee clauae or such atl+w d~~ u tM Matya~e~ m~Y rpu'u~. nwkirq tM bas u~tMr s~id po14 • ~
ues, each a~d ~vtry. paYable ro said MORTGAGEF at lti interest maY appea~, s~d tach and ~wry s~rch policy ~MII bt promptly ass:qn~d ~+d dNiwnd to
•ny held by s~id MORTGAGEE ~s furlhe~ secvrity to said matpaya debt, ~nd, not N~ ~Mn t~n (10) d~ys in ~dvanu of tM ~xpir~tion of ~ach poficy, to d~- ~
I~ver ~o said MORTGAGEE a r~newal thercof, tope~hK with s receipt tw tht pr~miwn of wth reetwalt and thaa shall b~ no f'ut o? windstam toturu~a
ptaced on ~ny of said buildirgi. ~ny imereit therein or pu~ thereof, u~less in tM form ~nd with tl» loss paysble as ~fw~saidJ u~d in tt~ ~wnt am? wm ;
of moMy becomes p~y~b1~ ~nd~ such policy a policies said MORTGAGEE shall Mw tM option to rec~iw u~d ~pplr 1M s+rn~ on ~ct~nt of tM ind~bted~ i
ness secwed ht~eb~r or to permit ~a~d MpRTGAGORS ?o retrivs u+d us~ it or aey part thereof for other pwpos~t, wiihout thKeb~ waivinp a imp~ir- '
~ng any puity, lian or ri~ht uncla or by vinw of this mo:t9a9e; •nd in ~M ~venr u~d MORTGAGORS ~h+ll fa ~ny n~son f~il to ke~p the s~id premisa a
~naured, or fail to deliver prompNy any of said polKiea oi ins~rance to said 1NORiGAGEE, or fail prompfly /o pay fully any pr~miwn tMr~for a in ~ny
reipect fail a paforny diuharge, sxecut~, effect, complets, comply with ~nd abids by this aove+unt, w any paN htnof, said MORTGAGEE m~y plm and
pay for wch Gw,ra~ce or any part thereof without w~ivinp w affactinp aoy option, li~n, puity. w ripht unda a by virtw of tht: Monpay~. +e+d tM
futl amouet of tach and every such paymenl shall be immediately dw u?d paysbl~ ~nd sAall beu inter~st from tM dat~ theraof w?til paid at th~ ra» ot
n~ne per centum pe~ a~rwm and togelher with such interest thsll be secured by fh~ li~n of tFw mort~ap~.
To p~mdt, commit w wffer ra waste, impairment a deterioratia? of iaid propaty o? any put tl~ereof.
,
S. To pay sll and singulu the costs, cF?uges ~nd expenses, includinp a reasa~bte ~ttwney i fe~ and oosb of ~bttracM of titl~, tncwr~d o? psid ~t ;
any }i~ by y,a;d MpRTGAGFE, because or in the event of the f~ilwe on tM p~n of tM s+id MORTGAGOR w dufy, ao~~y .~?d f~?iN p..tor~?, d~h..~ ~
execute, effect, oompkte. complY w~th snd ~b:de by e~ch and every ths itipulations, ~y~eements. conditions. •nd oowo.nn of s+id promis~ay noh and ~hU
morrgape any w either. a~d said cos~s, chuges and expenses, saci~ and every, ahatl b~ lmmediately due and p~y~ble; wMtMr a not tMr~ b~ rarip d~ i
mand, attempt to tollett o? wit pending= ~nd the full smount of eath ~nd evay wch p~ymem thall baar int~r~at fron? tM d~t~ tMr~of until p~ld at ~tM +
rare of nine per cenwm per annum; and all said tosts, charges and ezpenses i~curred or paid, tog~tAer with wtA Intaqt, ~hall b~ i~tv»d by fh~ li~n pf thb `
mortgey~. ~
6. That (a) in the event of any bre~ch of this 1Nortgs~ or daEa~lt on the ps?t of the MORTGAGOR, or (b) 1~ tM ~wr?t ~ny of said wem of moMy
herein referred to be not promptly a~d fully paid within thirty (30) days nexl after the same severafly b~tant dw ~nd payabl~ without demand p»atiq, !
or (c) (n the eveM esch snd every the stipulai~o~, sgreemenn, conditio~?s ~nd toveewnri of s~id promissory not~ snd tiuw nattpp~ ~ny ot ~IthN ~n iWl 1
iuly. promptly ~nd f~lly performed. d~:charged. executed, effected, completed, cemp,I~,ed with and abided by. tMn in ~ithK w sny wch ~wnt iM s~id p~ f
g~egate tum mentaned in said promissory nore fh~n remai~in~ unpaid, with inte~a? accrued, and all mon~ys wcvnd. h~t~bY, alyll b~oon» dw and p~y~
able forthwith, a ~hereafter, at the option of said MORTGAGEE, ss fully ~nd comptttely as if ~II of the qid sNM of mw?ty vwr~ ori~in~Uy ~tipulat~d
ro be pa~d on i~ch day, anythinp in sa~d prom;ssory note or in this Mortysye to fhe contrary notwithtt~ndinyj and th~rwpo~ or tMr~aft~? at tM optlon of
se;d MORiGAGEE, withouf noY~ce or demand, suit at Isw or in equity, thereforo u fhenafre? b~un, nwy b~ prpNwqd p if all enom~n atw~d h~nby
had matured pnor fo iri irtstit~tion.
7. That in the event that at the beginning of or at any time pcnding any wit upon tha Morty~pe, or fo ior~tlot~ h, or ?o nfonn ft, or to ~nforq
pavmem of any daims hereuoder, said MpRTGAGEE shall apply ro the Co~rt h~ving jurisdicYa~ therwf for tM appoiotrMnt Of ~ RKeiwr, suth Covtt sMll
io~rhwnh ~ppoint a receiver of sai~ mortgaged property all and iingvlu, includ~ng all and iug~l~r th~ incan~, profi», iuws and nwnws from whatwtr
sou~ce derived, each and every o wi?ICh, it being expressly understood, is hereby mortgaged aa if sp~c;fiully N1 fath and dNtrlbd In tl~i pr~ntinp and {
habendum clavses hereof, and such Receiver shall have all the bro~d and effective funct~ons snd powen in anywik ~ntPint~d by + Coun tp a R~iwr, ~nd {
s~ch appointment shsll be made by such Court u an admitted eqvity snd a m+tter of absolute ri~At to s~id MORTGAGfE, and without nferer~c~ fo th~ ;
adequaq w in~dequscy of the wlue of rhe p?operry mortgageci ar ~o rhe sonrency w inwlv~ncy of ~aid MQRTGIIGOR or tM d~fendanb, and that arch
re~fs, profin, income, issues and revenues shall be applied by such Receiver accordinp ro tM li~n or ~quity of aid MORTGAGEE ~nd th~ practia of wch
Court.
8. To dvly, p?omptly and fvlly pe?form, discbarge, execute, eHen, complet~ comply wifh and abid~ by ~ad~ and ~wry tM atip~laY~ons, ap~nNMS, '
cond~tara and coven~na in said promissory note and th~s mortgsge se~ falh. ' ~ ~
9. TMt in the event the ownership of the mortgaqed premises. a uiy ~psA thereof. beaoma wst~d in a pKw~ oti~er th~n the MORTCAGOR, tM
1~1pRTGAGEf, Its successors and assigns, may, v~nthout rwrice to the MORTGAOA, deal with such sutwtsw ot ~uoaWw in int~rqt with r~ferMq to fhb
mortgage and the debt hereby secvred in the same manner as with Nbrtgagw without in any way viti~ti~p a disth~~ieg tF» Mort~apor~• Ii~bility h~n-
~nder w upon tFx debt hereby secured. No sate of the Fremises hereby mortgaged a~d ~o fwbe~ranoe on the pa~t oi fM MORTGAGFE or Hs wcteswn '
or ass~gns and no extei+sion of the time for the paymem of the debt hereby secured yivM by ths MOR'iGAGEE w iri suctt~wn ot awiprq, ~Iy11 op~wt~
ro reteax, d~xhar~, modify change or affect the org;nal Iiability of tF+e MORTGAGOR I~~in, either in wiwl~ w in part.
10. It is specifically agreed ~hat time is of the essence of th;s contr~ct snd tMt no w~twr of ~ny oblipation Mrevnder or of th~ pbltpafipn t~•
cured hercby ahall at any time thereaftx be held ro be a waiver of the terms hereof or of the Irotrurt~tnt secvr~d Mrby. j
11. In addition to the forego:ng monthlY payments of princ:pal and iMne~t required by th~ promistory note securd hereby. mottp~yor oownanb
~~.d agrees to pay to mortgagec with each monthly payment an addi~ion~l sum esumared by mortg~pee to b~ equ+t w T/12 of tl+f ~nnual cost of th~ fplbw•
;ng:
A-All ~eal property taxes kvied a assessed against thc above desvibed real estate.
B-Premiums on fire and windstwm insurence as herein ~cqu~red to be prried on the improvem~nN sifuat~ on ths ~bovs dtscrib~d prNnisM.
C-Premiuma on such mortgage guaranty insurance as mortgagee shall {rom time to time de~m fit fo urry on tM loan ret~rid h~ertby,
Mlwtgagee shafl from time ro time rrotify mortgagor in w~7ting of the amount dve ar~d pay~ble hereuntler ~nd ~u~1~ wm sMll ttNtevpo~ b! dw ~nd
Fayable on the due date of fhe next monthly paymem and each successive month thereafta uroil mort9sye~ ahall nofify mortgagor of a thanp~ in wch ~
amo~nt. Such sums shall be applied by mortgagee toward the payment of reaf property t~xes, i~sursnu prom'wmt, ~nd mprtyay~ qvuMt~r lntura~p
p~emiums. ~
IN WITNE55 WHEREOf, the said MORTGAGOR has hereunto set his hsnd snd sed the day and yNr finf afaaaid.
~~ned,~S~ aled and deliv m t presence of:
,9~~~•e^--~'ki ~Z
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STATE OF FLORIDA ~
; ccuNnr oF St _ Lucie
Befwe me penpnally appeared Ro e eh L• C ~~.e~11QY1 and
j T+@A8 M8o L'0191R8A his wife, to me weU known and known w ms ro b~
' rhe individwls described irt and who executed the fweyoing instrurnent, and acknowled9ed before m~ tMt tMy exewted ths same fot th~ purpows
!
~h~:~~~ ~xa~a. a~a t~ ,~~a Let~a May Coleman
! N~re of ,~;a Roach L. Colemen .
exam~nafion b me taken x pa vPa+ a sepaate and privat~
y parate and a rt irom her ssid husband, adcnowledged ro and befors me that sM executed said inurvment freety and vol~rr
~a.;ly and without any compulsion, constraint, appreF~ension, or/~feu of w from her aid husband. i
1NITNESS my hand and official seal tF?is_~_6 -Y~ d~y ?5' e tember ~ p, 19 66
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Notary Public in ~nd for the St~te of florida ~t latye ~
" ,..i~nt~er,,, My Conxniuion ~zpirp:
Refum To:
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First Fedenl Savings 8 Loan Assotiation . '.i; ~ : , .~~ii:r YWiK, Slil~ O~ rWrwi il l~.~C
' ' ~ s"
, Of Fort Pierte. i~A~/ CeAwissq~ E~pires Se~t. 23. 1469
Fort Pier~e. Fbrida , -L ~ V• b~iw h Awira~ Fr~ l Gw~Mf G ~
FtLEO AND RECOROED . ~ = - ~ ' . ~ ~ ~
` . • +
' ST. LCJCtE COUNTY. FIA. ' = = ~ F-'~~ J ~ t
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~REC RD VERIFIED • j :
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'66 EP 20 PM 3: Q9 ~j "''~~j:,,~u~,„,.,.~'`:
14$~~'7 BooK 15~-: . 249
' ROGER POITRAS
I CLERK CIRCUIT COUR7
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