HomeMy WebLinkAbout1453 J. To plan and continuously keep on ihe build~ngs now o~ I+ereahK ~it~at~ a+ said land u~d on dl puipn»M u+d p~non+~~Y covN~d bY thi~ ^a~q'
~ge, w7th all premiums ~i:mcon pald in full, f~re insurance ~o the ~swt tuaiard polity fotm. in • twn +pprowd py tM MORTGAGEE, and wkds~an~
inau~anc~ in tM uswl u~ndard poGcy (am, ie a sum approved by :M APpRTGAGEE, in wch canpan~ ot comP~niK ~s tA~ MORTWIGEE maY
dtrec~J and all fir~ and w~nduorm insurance polic~es on a~y of said b~?iWinps. ~ny iMKttt tA~tin or p~rt ther~of. in th~ p~rpat~ ~wn afats~id or
In ~xctss thereof, sMll contain th~ wual aundard mor~gagee claus~ or such otM+ cta~ u tM MortyapermaY rpu~r~. m+kinp th~ Iws ur~ s+id pdE
cies, esth and tvcry. payable ro said MORTGAGEE as ~ts interest may appea~, and each arwl every ~uch po~icl? tA+~~ b~ P~a^P~~Y +u~9^~ b
eny held by said MORTGAGEE as further seturity to sa~d matga9e debt, and, no~ kss ~h~n an (10) days in ~dvanu of ~M ~xpi~arion of e+ch po~kY. tO d~'
I~ver lo said MORTGAGEE a renewal thereof, togethtr with a receipt fw the premium of such rentwalt u~d thert ~h+ll b~ no fin w windstum (nwr~nt~
placed on ~ny of said buildings. any ioterest ~here~n w ps~t thereof, unlesa in ~F+e fam and wi~h the lou p+yabl~ as afonaid: s~d in tM ~wnt ~ey wm
of money becom~s payable under s~;ch policy o~ pol~cies said MORTGAGEE shall Faw IM option to receive u+d apply th~ s+rn~ on +ccow+l of ~tw ind~bted~
neis secwed hereby w w permit said AAORTGAGORS ro receive and use it p any parf the~eof fa othe~ pwposes. without thaeby waivi~~g a~mp+i~-
i~g any aq~ity, lie~ w righl under w by virtue of thii mo:tgage; ~nd in tFa even~ said MORTGAGORS ih+ll fw any ?eawn fsil to keep tM saW pnmwes so
insured, w fail to deliver pomptly any of said policies of inswance to said MORTGAGEE, o~ fail promptly to pay fully any premium thK~for or in ~ny
respect fail b pe~forrn, d~schuge, execute, ef(ect, complete, comply wi~h ar.d abide by this coven~~t, w sny p+rt Mrtof, said MORTGA~iEE may plan +nd
pay fo~ suth iMUru~tt or ~ny part thtreof without waiviry w affectinp any optiwy litn, puity, w riqht ~nd~r O~ by viAw of this Mwt~sp~, and tM
full amo~r~t of each u+d every sucl+ paymem shall Ix immediately due snd payabk and sh~ll beu intaest from tM dat~ thereof w+til paid at tM raq ot
nine per te~tum per annum and to~ether with such intere~t shalf be secured by 1Fa IiM of this maly~e.
1. To permit, comrnit w suffer no waste, impai~ment or deterioration of said properfy o~ any put theraof.
S. To pay •11 srd singvlu the costs, charges and expenxs, including a re~son+bte ~ttorney i fee and ooits of abthacts of titl~, intwr~d w paW at
any time by said MORTGAGEE, bccaux or in the evero of the iailure on ~he part of tM taid MORTGAGOR M du~y, promP~hr ~^d f~+~~1? P~o~. d'K~9~
execute, effed, tompkte, tomp:y w~th and eb:de by each and every the stipulations, ayreements, conditions, and oov.n+nn of ~aid prom~ssory r+oi. and ~hW
mortg~ge any a eithe~. and sa~d cosb, charges and expenses, esch and every, sh~ll be immediately due and p~yabltt whetMr or ~?ot then b~ ratiu d~
mand, attemp~ to collect or svit pend~ng; and ehe full amount oi csch and every such payment shall bear int~re~t fran th~ dat~ tlKreof until p~Id ~t tM
rare of nine pcr centum pet an~ium; and all said costs, chargcs and expenxs intvrred w p~id, together with tuth inttr~at, sh+ll b~ s~cur.d by ~M lien of tAa
mortyape.
6. Th~t (s) in the event of a~y beach of this Mortgage w default on the part of the MORTGAGOR, a(b) in tl+~ ~vent any of t~id swns of ~weMy
herein referred to be ~ol promptly and fully paid within th~rty (30) days next after Ihe same sevt~~Ily bKans dw and payable, without d~ma~d or notit~,
or (c) i~ the event eath and eve?y the stiputations, agreerrKnts, conditions and covtnsnts of s~id promissory note and this mortya~e ~ny o~ ~ith~t ar~ nol
i~ly, promptly and fully perfo?med, d~uharged, executed, effected, completed, complied wifF~ ~nd ab~ded by, tMn in ~itMr or sny such ~vs+n tM s~id ap~
gregate wm meotioned in said promisswy note then remaining unpaid, with interest accrued, a~d all moMyf aat~nd. hH~by. shall bsGJiM dw u~d p~y~
eble fwthwifh, or thereafter, at the option of said MORTGAGEE, as fully ~nd completely as if all of the aid ~~nna of mon~y vw~~ or~pin~ly st~pulaud
ro be paid on suth day. anythir+g in sa:d promissory note or in this Mortgage to the tontrary notwithst~ndinp: ~nd t1+Kwpon or the?taffN ~t tM opliaf of
s~~d MORTGAGEE, without notice o~ demand, suit at law or in equity, thr.c(ore or thereafter beyun, nay b~ prowcvbd u if sll moety~ Ntund hu~by
had matured prbr fo i1s institution.
7. TMt in tl+e event that at the beginnlrg of or at any time pending any s~if upon this Mwty~ge, w To lontloN h. or 1o nform h, or M~nfotp
paymeM of any claims hcreunder, said MORTGAGEE shall apply to the Court hsving jurisdKiwn therwf fw tM appantm~nt of ~ R~c~ivar, wth Court shall
Forfhwith appoint a receiver of saif! mortgaged p?operty all and singul~r, intlud~ng all and singvlu tM incorn~, profits, itsws and rlvMUta froen wMttv~r
source derived, each and every of which, it being expressly urKkrstood, is hereby mortoaged ss if apecifiully sef forth ~nd dewibad In thi pr~ntinp aod
habendum davses hereof, and such Receiver shall have all the broad and effective funcnons and powen in ~mrwis~ entrustsd by ~ CouH fp ~ R~teiva, ~~d
s:,ch appointment shall be made by such Court as an admitted equity and a matter of absolute tiyht fo ~aid MORiGAGEE, and witlaut nfer~np b fl+~
adeq~aq p inadequacy of the value oi ihe property mortgaged w to the so~venty w insotvency of said MORTGAGOR or M~e defendann, and that suth
re~rs, profin, income, iuues and revenues shall be applied by such Receiver accordinp to ths li~n or puify of said MORTGAGEE and fM prattk~ of suth
Court.
B. To duly, promptly and fully perform, diuharge, execute, effect, complete, comply with ~nd abid~ by Nch and ewry iFN ~tipulatiorn, p~~nt~,
conditions and covenants in sa~d promiuwy note and this mortgage set fwth. '
9. That in the event the ownership of the mortgaged premises, o~ any part thereof, becane~ vhted in a p~non otFur fh~n ths MORTGAGOR. 11N
h1pRTGAGEE, ib successon and assigns, may, without notice to the MORTGAOR, deal with such svtuswr or lua~s~w in inttrttt with rtf~rMt~ fo this
mo~igage and the debt hereby secured in the same manner as w~ih Mortgagor without in any wsy vitiatin~ or dixhar~ing tM Mort~~pon~ liibilify hlrt
under or upon tF~e dcbt hereby sec~red. No sale of the premises hereby mortgaged and ~o forbearante on the pan oi tM MORTGAGEE O? iri wteesson
or assigns and no eatension of the time fw the payment of the debt hereby secured yiven by' the MORTGAGfE ot iri suctlsson Or astipns. ~hd~ Op~?~t~
ro release, discharge, modify change w affect the wiginal liab~l~ty of the MORTGAGOR h.ere'n~, either in whole or in puf.
10. It is spedfically agreed thnt time is of the essen~e of this contrad and thst no waivar of any obl'~yation Mreunder w of iM oblipati0n M-
cured hereby shall at any time thereafter be held to be s waiver of the terms hereoi p of the instrumMt secortd h~rby.
11. In add~tio~ to the faego:ng monthly payments of princ'paI and interest required by tl~e promissory note secured hereby, mortp~gor Cown~nts `
3r.d agrees to pay to mortgagee with each monrhly payment an addi~ional sum estimated by mortgagee to be equal to 1 f 12 of 1M snnual cost of th~ follow-
i
in,~:
A-All reel property ta:es levied or assessed agai~st thc above desc~ibed real estate. ~
B-Premivms on fire and windstorm insu+ar.ce as herein requ~red to be carried on the improvemenri siTuete on ths abov0 dewib~d pr~mitlt.
C-Premiums on such mortgage guaranty ir.sv~ar:ce as mortgagee shall from time to time deen. fif to tarry on the Iwn ~etur~d hereby. :
Mongagee shall frcm time to time noti(y mortgagor in writing of the amount dve and payable hereunder ~nd suth sum sMll thereupon b~ dw end {
~ : ayable on the due date of the next month:y payment and each successive month thereafte~ umil mwfgagee th~ll tatify rtartgagor of a d~sny~ in such
z~-~ount. Such sums shall be applied by mortgagee toward the payment of real property b:es, inwrant~ prem~~ms, and mortppe puaranty inwranc~
n~emiumi. `
1
IN WITNESS WHEREOF, the said MORTGAGOR has hereunto set his hand snd seal the dey sn~ Iyear ~tft ~id. /
y Signed, ~esled and_ ~livered` ~ p e e of: jl~ l?S T+ ~
~~5~
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STATE OF FIORIDA Ci \ SEA L~
couNnr oF St. Lucie ~
s~fa~,~,~ .~„rap~a,~aHo~ard W. Sam aon end Helen D. Sam ~on hia xife; EmeraoCi,,,G.
~ampson eIIC~ Iris 1. 3ampson, •his i~~ e~ an Fiis wife, me well known and known to me ~~pson,
rhe ind~vid~als desaibed in and who executed the fo?egoing instrument, and acknowledged befwe mt that execwed the ssme for the qrrposas
a~,e9 t~,~;~He~en D Sampson, wiPe oP tha aeid HQwerd W._ Sempaons_e~d I~is T.
~ w,~ oQ~ Qni end Bonita G. Sempson xi~ e
o @ ~~~ats ~nd privat~~'~ ~
~xam~natwn by me taken separate and aparl from ~~rd usban~ atkrawtedged to and before me tFw xecuted s+id irotr~ment freely and volun-
rerity and without sny compulsian, constrai~t, apprehensi~ot fesr of w fron~~r~s}i~_hvsband8 ~ LL
o1D ~ da of ~ri1 1i- A. D. 195~
WITNESS my hsnd and official seal thi~ y
C .
~ Not~ry Pubtic in ~nd for the St~te of Florida at luy~
My Cw~rn~uion ~xpires:
Return Ta NOtiry Publit, $btt r{O:t~s .;t Latqe
Fint Federal Savings b Loan Association
Of Fo?t P~erce. *y ~m~fS10~ El(Plfa ?r~Y. 3, ~959
FILE~ AND RECOROED ~.a.e fr, n
c.~.Y, :o.
~n Pierce, Flwida ST. ~UCIE COUNTY. RLJi.'
R CORD VERIFIED '
~a.
~~~,c ~
G~~/ ; , S'1 t 1 ~ ~ =
'66 SEP 20 PN1 3:09 = :
~ ;+L'~r~.=''- -
148~98 .
ROGER POITRAS f'
CLERK CIRCUIT COURT ~ . .
~.55 251 - ~ . : _ ~ _ : ;
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