HomeMy WebLinkAbout1573 j
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To plaa and contGwously kNp on tM buiklinps now a he«afiN si~uat~ on saW land snd on dl ~quipn~t ~nd pNwn~lly oovK~d by tN~ ~ I
.p~, wirh dl punium~ tFw~wn p~id in fvll, fin inwranc~ in ~h~ uswl ~tanda~d policy torny N• wia apprvwd by 1M MOBTGAGEE. M~d windNonn =
iniur~ in tM vswl standard fam, in • swn a ovd b tM MORiGAGEE, in wcA ~
P~KI? PiK Y ~+P~^Y a~+P+~ M th~ MORTGACsEE n~ay i
direc~j and a!1 fY~ ~nd wk~t~orm imw~na policies on ~ny of s+id buildie~pt„ ~ny inl~ral tMrNn o~ parf M»rwf, M~ th~ pprp~q wm da~wld a ~
in ~xus tMnof, ~hall cont~ln tM usual sr~ndxd mor~ga9e~ clws~ a sucA aM. dau~ a tM Mwtyap~ mar hqu~n, nwkW+p th~ toq ur~ s~id poN~
cies. ~~ch N+d ~wry. p~Yabl~ a s~ld MORTGACsEE u in inreres! may app~a?, and ~ath ~nd ~vsry wth policy ~INII b~ prpnptM ~:~nMd ~nd ddivK~d /o
•ny MW by said MORTGI?GEE u fu.tAer secwih to ~id mo.~p+~ debt. u~d, ~ I~ss th~ tM (101 d~yt in ~dvano~ of th~ ~zpk~tion of ~sch policy. q dr
liver to said MpRTGAGEE a ra~ewal tlw~~of, rop~~Mr wi~h a ~eaipr iw tM p~miwm of wcfi ~~ew~f~ and tMr~ sha!! b~ no fin a- wind~~wn? kawana
plec~d on ~?y of uid buildinp~, aey intereu tMrein a p+n ttweof, vnl~a ie tM (wm aed with tM loss p+yabb a ~fw~said~ ud In tM ~wM aay w~n
of moeNy beeweNS payabb w~F, polky a pol;ei~ said N1pRTGAGEE ahall h~w N+. option ro naiw aod ~pply rM wrt~. oe aoeoi,M of rM M~d.br.d~
nesi s~cund Iwipy a b pamif said MORTGAGORS !o nceiw ~+d vs~ H a ~ny part tl~eof for othe~ pwpos~b without thereby waivHy w imp~in
~ny pv~ty, IiM q riph! under w by vittw of Ihis mottpsp~t and in tM ~wrH s~id MORTGJIGORS ~hall for ~+y nason f~U fo ka+p t!N NW ptN~ise~ ~o
insured. or f~il b d~live? promptly u?y of said polities of i~uranc~ ro satd MORTG~IGEE, o~ fail prompth to par fv1N any p.~m~wn thK~fa a in aery~
respact fail b p~rforM, dischsr~. ~xscut~. ~ff~ef, ewnpl~t~. eomplY with w+d ~bid~ by tl~ ow~nant, a~ny p~rt hs?~ol. s~id MORTGAGEE m~y pl~u ~nd
pay fw such inwranu a~ny put tMreof without w~ivinp a ~ffectinp +M? oW~on. IiN4 ~4~~b. or ripht w~ a by virtw of thit Mortpap~. aed !!w
full amount of each ~nd w~ry wch payment shall b~ ~J'utsly dw and qyabl~ and sMll b~u k?terat frpn tM d~t~ 1Mnof vntil paW ~t tM ~ab of
r,~ne per pntwn p~r ~nnum and toyether with wch intaest shsll bs secvred by th~ liu? of tNs mortpap~.
1. To pKmit, ooe~n~it a suffa no wa~te, wnp~uma+t ot deterioration of ~ald propKty or ~ny pwt thsrwf.
S. To pay all ~nd sirgulu tM coan, chuqes and expentet, inclvdirg a ~essoMbl~ ~trorn~y'a fN and oat~ of absfncb of thl~. Mcw?~d a piid H
any tims by said MpRTGJ1GEE, because w in ths ewn? of the f~ilure a? ti» put pf tM uW MORTGAGOR to duly, p~omptly a~d fvlly pKfonn, d'wch~r~
execu~s, eifeet, campkte, oomply with and ab~de by ~ach a~d ~very ths stipulations, aqroem~nb, co~ditian. ~nd oown~nq of ~aid prort?iswry not~ ~ed thi~
mo.r9ap~ ~ny or eitM+. and said cosn. d~arq~s ~nd expenses, each and ~vtry, ahall b~ Lrwmdiat~ly dw ~nd payaW~j wMtMr or not tMn b~ notia d?
mand. ~tt~mpt to colkct or wit pend~rg: and tM full anaunt of sach s~+d way wch paymem sh~ll bea intKU~ frwn tM dat~ tlwnof unNl paid N tM
rate of ni~ per centum per arow~n; ~nd ill said cosri, cha~g~s ~+d expensts inarrr~d a p~id. Mp~thK with ~uth IntK~at. ~haU b~ aKVad by tM INn of thia
mortgay~,
6. That in tM event of any breach of this Mwt9~pe or debult on tFr part of th~ MORTCsAGOR, o? (b) In t1~ w~nt ~ny of ~a1d wny of
hcre~n refared to b~ not promptly and futly psid within thirty (30) days oea~ after ~I+~ asnw uwrally b~con» dw u~d payabl~, withovf d~nar~d p
or (c) Fn the event each ~nd every ths stipulations, agr~sments, conditans and cown~nh d w~d promissory n~ ~nd this mo~tpp~ ae~y a NtMr ~n no1
iulY, prompNy u?d fuly perfo.med, d~scharged, e:ecvted, ~ffected, compl~ted, compti~d with and ibided dy. Nwn in Ntl~ a~? wd+ w~nt th~ s~W a~ i
gregate sum meMioMd in s~id promissory noM then ~emaininp unpaid. wirh inte.e~~ acc?wd, and alt ma~eys savnd.l~u~by. sh~ll b~oo~rw dw ~nd p~p
eble fwrhwirl,,, or rhsrsafter, at tl+~ optan of said MORTGAGEE. .s fi,ty ud co~te~eh as if all of th~ wW ~unn of mayy vw?~ orfp{n~lly ~tipvlat~d
ro be paid on sucA d~y. ~ny~hinp in said p.omiuory note o? in this Mort9spe to 1M contnry notwitMt~ndtnps ~nd tlw~upon w thtrtaft~r ~1'1M option Of
se~d MORTGAGEE, witlaut notice w dsmand, wit at law or in ~qvity, tMre(on or tl~reafte~ b~pur~, mar b~ prp«vt~d N If all mpNy~ Now~d Mr~by
had matured prqr ro in irqlifution. _
7. That in the event that ~t the beginnirg of or ~t ~ny tims pendirg any wit upon th$ µorpap~, or p 1~tlpN N. a to nfonn M,r Or b~nfaq
payment of arryr cliims herevnde~, s~;d IYypRiGAGEE sF~all apply ro the Caxt h~vieg jurisdiction tbenof for tFw appoint~nt of ~ R~c~iwr. W~h Cowt slwll ~
forfhwith appoint s receiver of si~1 morty~ged property ~II ud sinpulu, indudup all ~nd slnQvlu tM iaaoin~. profit~„ fuuM arn! r~wnw~ frpn wh~t~wt j
source derived, exh ~nd ev~ry of whKh, ir beinp ~xpressfy unden~ood, a hereby mwtgaged u if sp~cifiulty ~et forth ~nd daviMd tn Mi q?antin0 and '
habendum dauses hereof. snd wch Receiwr shall hive all the proad and effectiw fwKt~oro a~d pow~n fn ~nyMriq Mtruq~d by ~ CpHt p~ R~plwr, ~nd ~
such appointment sMll be made by such Court as ~n admittcd equity and a rerttN of ~bsolut~ ripAt b taid AAORTG/ICsEE, ~nd withouf nftnnp to th~
ede9uscY a/ je+d~4uatY of the v~lue of the prope~b mor~p+9~d w to tMe sonr~~cy or insolv~ncy of aid MORTGIIGOR a 1M d~f~ndants, and th~t wch
re~~s, profits, income, iuues ~nd rwenues thall b~ sppliad by wd~ Reaiver accordirq to th~ lien or pulty of NW NWRTGAGEE and tM practiq of wch
Coun.
8. To duly. Wanptly and fully p~rfonr?, d'ach+ry~, execute, effen, coroPkt~ ooiry~ly wiM and ~bW~ by ~ach and ~vatY t1M stiP~?I~tioro. apnwn~M~,
condit'~oru and cove~y~n in said promissory npte +nd this matgige set forth. ' .
9. That in tM event the own~rship of the mo?M+O~ P«^^~ses. or ariy p~tt therwf, betom~s wst~d b~ pKton oHip th~n fh~ NIORTGAGOR, fIN
MORTGAGEE, tn wcssssors and ass~g~s, may, withovt notice to rhe MOR~GAOR, deal wirh such wass~or p woassor in intuNt with nf~nna a thb
mortgiye and the dcbt hereby secu~ed in the same mamer as with Mwtgaqw without in M?r way vitiatinp or d'ochar9inp fh~ Mortqppr~' It~bflity INrl~ '
~nder w upon the debt hereby secured. No sate of ~he premixs hereby mortqapad and no fo?b~snnp on th~ ps~t pf t!» MORTGAGEE or If~ p?asswn f
or assigns u~d no exte~sion of the time for the payment of the debt hereby secured 9iwn by tM MORiGAGEE w in ~uco~uwi or aqipM, ~hall op~wN ~
~o release, discha~ge, modify ch~nge w affect the originsl liability of the 11110RTGAGOR heniq, ~it!»r in wiql~ or 1n p~t. '
10. It b specificatly agreed that Y~me a of tM essence of this cor?tract snd tMt no watver of any obfipation MrfundK or pf th~ pblyO~tiOn N•
cured he~eby s!?a!1 it any timc thutaher be held ro be ~ wairer of rM terms henof w of Hr i~auunnm sKw~d Mrby.
11. In add~tan to the forego:ng mo~thlY paYments of princ'pal and interesl required by tM praniuory ~ote secund hsreby, morfpapor QownanM
and agrees to pay to mongagee with each monthfY paYment an sddiiwnsl wm estimsted by mort9ayse fo b~ ~quat 1o I~t1 of 1M annwl tpf of f!N fOlbw~
in~:
A-All real propcrty taxes levied or assessed agsinst the above described real estate.
B-Premiums on fire and windstam i~uurance as hcrein requ~red ro be arried on the lenprov~me+tt~ sitwt~ on tM ~bov~ d~wibM prMnisH,
C-Premiums on such mortgage gvaranty insurance as mortgsgee shall from time to time deem fit tp prry on th~ lpa~ st~W~d h~reby, ~
Mortgagee shall from time ro time ratify mwtgagor ;n writing of the amou~t due and pay~bl~ 1»rwnder ~nd s~rch wm si?dl tl~wpon b~ due and
Fayable on the due date of the next monthly paymem and each successive month thereafier until mortp~e~ ~hsll notity mortp~ypr of • d~anp~ ie wth
amount. $uch sums shall be applied by mortgagce tow~rd ti+e payment of real prop~rty ta~us, insurane~ prem;w~y, ~nd mOtt~ap~ owpnfy Inwt~nc~
premiumf.
~ I Nl17NESS WHEREO the said MORTGAGOR has hercunto set his hand s~d seal the day and y~ar Anf afa~said.
Se+ d~j4e~ed ' th~ e~ence of:
~ ~ t
' d~ a
-n
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I~ STATE OF FLORIDA
couNn oF St. Lucie ~
~ Befwe me penwally sppeared C ha r 1 e a A. MeC o r t a
snd
j _ Jacolyn L. McCorta ~~~,~~~,~~,~~b~~~
I rhe individwls desoribsd in and who ~xscvted the fueyoinp L?st~un+ent, wd admowle~lpad befon rn~ M~t th~y axeated Hw ss~ fa th~ purpos~s
i
~ rhrrein expessed. ArK! the sa' r~
~ wife of the taid A HaCorta - ~~~~~'~~A~~a„
exam~natan by me taken sepsrate s~d apart from her taid hvsband, aduwwledped b and befan mt th~t sh~ execut~ .f~1~
~ rarily ~nd witho~f an com ision, corqtnint, . :
Y P~? +pp~ai~~ion, fear of a from Mr Inabir~d. •
~ ~ v . .
WITNESS my hsnd and officisl ssal thii ~2 ,~y n: r`~
1~~.3~
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Notsry Public in and fw tM b b~ ~i~,;~d.
Retum Ta ' My Comrnws~on ~xpinu ~
First Feder~l S~v~ngs 3 losn Asfotiation F~(~~ AN ' , 7~
D RLCO ~
Of Fort Pierca ST. UiC1E COUNT1r ~0 ''~,~,,,~~0 ~~t~~~~~~•,``;>,
wrt P~ce, Florida RECORD VERIFI~D
`~--'7~'CO NOiARY MISS ON EXPIRES MR.A2
,
1969.
i ~ COM
z ~ 'ss SEP 23 P
N 2: S~
148~70 ~
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crRCViT eouRT
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