HomeMy WebLinkAbout1637 To plao~ ~nd contiiwovsly kNp on the buildinps ~ow a M~~aha wtwN on aid land ~nd ow ~11 ee~ulpm~nt ~nd pKV~ully oow?~d bY ~s ~norp'
~y~. witA ~II phmi~na ~I?Keon p~id '?n full, fir~ inaur~oc~ in tM usual sunda~d policy fonn. N a sww approwd bt? tM MORTGAGEE. M+d wN+d~tonn
insw~+c~ in tM uswl i~u+d~rd policy fam, i~ a sum approved by tM MORTGAGEE, in wd+ canpanY o? comP+eiM a tM MORTGA~3EE ~wy
d~ndt +ed all M~ u~d wind~ronn inswance policies a? ~ny of said buiWinp~, anv in~~ tMr~h or wrt thKwf. h tM a9p~p~~~ wn+ afaaaid or
In ~xcws thawf. shatl conrafn tM us~sl sundxd mor?gage~ claus~ or wd+ otha davss ~s tM MatyayN m+Y nquih. m+kkp IM loas w~da s+~d pa~ !
cie~, tach and every. WY~bI~ ro said MORTGAGEE as in interat may ~pp~a?. ud each w?d ~vNY svch Policy ahsll b~ p~anptly ~as~q~ed ~~d d~liwnd to ~
~ny Mld by s~id N10RTGAGEE as fwtMr setwity to said matp~ dsb1, ~nd, not los~ Ih~n ttn (10) d~ys in advant~ ol th~ ~xpk~tion of ~~ch policy. to d?
liva. to ~aid MORTGAGEE + ~~ew~l thsrwf. tope~F+w wi~h a~ece~pt for the pr~miwn of wd+ r~nrw~lj u~d tMn ~h+ll b~ ao fu~ w winditan+ iewwnc~ ~
pl~ced on u~y of a~d b„ildt~+ys, any iotere~t thersin w p+rt ~hereof. unleu +n tht fwm u~d wi~h tM lou p+Y+bl~ ss dorssaid~ ~nd in tM ~v+M aMr aun~
of moMy becana payaW~ undN such PdKY a D~Kiss s+id MORTGAGEE shal) Mw tM optian ro nc~iw and apply tM s~ on acca+M of tM ind~bt~d~ ~
neu s~cv.~d Mreby or a p~.mif u~d MORTGAGORS ro nceiw and us~ N or ~ny pa.t the?ao~ fw othe~ purpoies, wi~hout tha.b,r waivin9 a imp+ih ~
ing ~ny pu~ty, IiM Of ripht W?dK Or by virtW Of thq mOripapfJ ~^d in tM ~wnt uid MORTGAGORS ~1~a11 ta am nason fail ro k~ep tM said pr~n?aa so
ins~rad, a f~il b d~liva promptly any of wid policies of insvru~c~ to said MORTG/1GEE. a fail pranptly to p+y fully ~nY pr~n+ium tMrtfw a M? ~nY ~
reipect f~il b pKfwm. d~scharpe. actcut~. ~ffeN. tor:~!=ta, ~s~rno~v with and abi~ by this oownant. or any part htrwf, aid MORTGACsEE m+Y P~~u a^d j
paY fa wch in~wanu a any put, tM.wf w~~hart waivirp a affectinp any option, IiM, puiry, or ipht v~d~r a by vtrtw of this Mortpap~. +nd tM ~
full ~rau~t of each and ~wry sucl? p+ymN+t sh+ll b~ invnediately dw and pay+bb ar?d sl»II be~r intK~st fran th~ datc tMreof w?til p~id ~t tM ~~b ot ;
n~ne per untwn pu annum and together with wch interest sh+ll be secvrtd br tM li~n of this mottyap~. ;
1. To pamit, commit or wffa no wute, imp~irment or deterioratan of said prop~rty a uiy part thtnof.
S. To pay all a~d ~inp~lu tM cosls. charqes u~d expe~ses, incl~dinp a reasooabk ~ttorneY's fe~ and oott~ of ~bhaNS of tltl~. M+curnd or p~W at ;
eny tims by iaid MORIGAGEE, b~cauae or in the ~vent of the failuro on the paN of tFn uid MORTGAGOR to duly. promPNY +^d fi+lly pKforen, dhd~+rp~ ,
execut~, ~ffetl, aompkq, comply with and ~b+de by each and every IFw uipul+tiaw apre~ments, tonditian, ~nd aowna~n of saM promissory no» u?d thu
mwtgay~ am or eithe?. and sa~d cosa. char9es and expenses. exh and ewry. ~h+ll b~ imm~d~at~Iy dw ~nd p~yabbs wMtM~ a not tMr~ b~ notiu d~
mand. ~ttempt fo colkct or s~i~ pMd~~+g; ~nd rM tull amount of ~ach and way s~ch p~rmee?t shsil bear iM~ra~ fran tFw d~t~ tMrtof until pald at tM
rare of ~ine per centum per an~wm: and ali said costs. charges and expeoses incurr~d or pa1d, to~ther with wth i~Nrul, shall b~ Neund by tM IiM of fhN
mort9~p~.
6. TMt (a) in the evant of any breach of this Mortysge o~ defsult on tht pi?1 of ths NWRTGAGOR, w(b) in tM wN+t +^y of s~~d suna of ^na~y
herein referred to be not promptly and f~lly paid within thirty (30) days aext ~fter the s~me s~vaslly bKan~ dw ~ed p~yabl~. without dNMnd O? notK~.
or (c) i~ the event euh snd evcry the stip~lations, agreements. conditions a~d cov~nanb of s~~d p~oen'nwry not! ~nd this mor~9q~, ~^Y w NthM ~n ^a
iuty, promptly and fv11y perfwmed, d'~xhsrged, execvted, effected, compkted, cornplied with ~nd ~bided by, th~n In ~itMr a~ny tuch ~wM Ih~ uid ap'
gregate wm menrantd in wid promiuory ~ore then remaininp unpaid. with interest ftuued, and ~II maMy~ sKVt~d. hM~by. aMll beCOrrN dw ~nd pap
able fpthwitly or thereafte~, at the option of wid MORTGA6EE, u fully and comple~ely st if all of the s+id sunr of mor»y vwtt oriplrwlly itipulated
~o be psid oe wch day, anythi~g io said promissory note a in rhis Mort9age ro the oon~rary notwirMtandirg: +nd thKwpon a tMr~ahK at tM option of
se~d MORiGAGEE, w~thout notice or dem~nd, suit at Isw or i~ equiry, therefor~ or tMreahsr b~pun. ~*+y b~ Pro~Wd ^~~1n ~~bY
had matwed prior to ib institution.
7. That in the event that at the beginning of w~1 any time pe+~dinp any wit upon thb Mwt~~, or 1o fo~atioN h, a w nivrm ii, w i6 ~+i«,.... ,
payrrKnt of any daims herevndcr, said MORTGAGEE shall apply to the Cou~t having jurisdictan thenoE for t!w appointewnt of ~ R~teivN, wd+ Co~A sh~~~ j
for~hwith sppoiro s recciver of sa' mat9sged property ~11 and singul~r, includ~ng all and iugulW tM inoom~, profib. bsuet ~nd r~wnue~ hom whatw~r ~
source derived, each and' every o~which, it beinp expressly understood, is hereby mwtgaged +s if sp~c~fically Nt forth ~nd d~wib~d in fhi ~antinp and '
habcnd~m clauses hereof, and such Rcctiver shall havt ~II the b~oad and effettiw fv~ct~or?s uid pow~rs ia anywiie ~ntrvat~d by a Court tp a R~aiwt. and
such appointment shall be made by such Co~?t ~s an ~dmined equity snd ~ m+tler of absolut~ ri9ht fo said MORTCsAGEE, ~nd without hf~ fo th~
edequ~cy a inadequaty of the value of the prope~ty mo?tg+ged or to the soNency or inwlvency of said MORTGAGOR or th~ d~f~nd~nri, u~d that ~uch
rents, profits, income, issues aod revenues shall be applied hy such Receiver ~ccwdinp to tM t'~en or puity of uid MORTGAGEE and tM practia of wch
CouA.
8. To duly, p.omptly and fully perform, discharge, execute, effect, comple% comply with and ebid~ by ach ~nd ~wry tM sHPu~+tiaro. +yrw~e~e~tt+
condiYans and coveoann in said promissory note and this mortgage set forth. " •
9. TMt in tM event the own~rship of the mwt9sped premises, w ~ny p~rt the~eof, beoanes wstd 1n • p~rton of1+K th~n th~ MORTGAGOR. tM
MORTGAGEE, its succeuors and auigns, may, vvifhoul notice to the MORTGAOR, deal with such sutt~swr or Woas~a in int~?e~t with nfennq fo thh
mortg~e and the debt hereby secvred in the same manne? as with Mortgaga wirhout in aMr way vitiatirg a dixh~rqinp tIM Mortpaport' li~bilify Mr?
under or upon the debt hereby secvred. No sale of the premises hereby mortgaged and no iab~awnu oa th~ part of fh~ MORTGAGEE a Itt wot~sson
or assgns s~d no exrension of rhe ~ime fa the payment of ~he debt hereby secured 9iven by the NWRTGAGEE w in s~rcoeason or +ssi0ns, tl++~~ optr~t~
ro release, discMrge, modify change w affect the original liability of the MORTGAGOR herein, tither in whole or ln put.
10. It is specifically agreed that time is of the essence of this contr~ct and thst no w~iver of ~ny oblip~tion Mreunder w of tM oblipation ~r
cvrrd hereby shall at any tune thereafter be held to be s waiver of the terms he~eof w of fhe irutrumtot ~ecund Mrby.
11. In add~tio:? to the forego:ng monthly paymants of princ'pal and iMerest rtquired by the promiuwy rate securtd herebY. mo?fpsgor aownanb
and agrees to pay to mortgagee with esch monthly payment an addirional sum estimated by mwegs~ee to b~ eqwl f0 1/14 of 1M annval cost of tht follow-
ing:
A-All real property taxes kvied or assessed against the above described real estate. ~
B-Premiums w+ iire and wirdstorm insurante as herein requ~red to be tarried on tFie ~mprov~msn» sih~ats on the ~bovs d~wibed pnrt?b~s.
C-Premiums on such mortgage guaranty insurar,ce as rtwrtgsgee sMll from time to time deem fit to urty on tF~e Iwe ~et~r~d hK~by.
Mortgagee shall from time to time notify mortgagor in writing of the amount due end psy~ble hareunder and tuth svm shall thKwpon b~ dw ~nd
payable on the due date of the ne:t monthly payment and each successive month thereafter until mortyagee ~hall notiiy morfgagol of ~ thanp~ In such
amount. Such swns shall be applied by mortgagee toward the payment of real prop~rty taxes, inavranc~ prem:ums, and mor?y~p~ puar~nh? insur~ncs
~ premiums.
~t~V WITNE55 WNEREOF, the said MORTGAGOR has hereu~to set his hand and seal fhe day and y~ar fint ~iapaid.
aed, !ed and delivered ' the of:
w .t 7f ~Y~ ~ ~/'~L~~ ~
n
. - - n..n i
, ;
rs.q ,
STATE OF RORIDA t
COUNTY OF --~~t • LLC f A ~ ~
~f~ ~ ~~~~y ~~a~~ A1tOD WOOd3 ~r~d
$Bt,t~ {I~OOC~3 ha wife, ro me well known ~nd known to me to b~
rhe individwls described i~ and who executed tF+e faegoing instrument, and adcnawkdped before m~ thst they ~xaarted the same fw the purpwa f
?r,~?~~~ .xa~a. ~„d rn. ~~a- Rett~ Woods
wife Of th! Nid Alton t~~~d.4 ~ -{1pOf1 • ilPi?~Tf ifld ~fnN1!
examinsYan by me taken separate and apsrt from her said husba~d, ~du~owledged to snd befws m~ th~t sl~s executed s~id i~t~ument fredy and voluo-
rar~ly and without uryr comp~rlsion, comtraint, apprehension, w eu of or from her ssid hus!»nd. L~
WITNE55 my F~snd aod official ses! thi day of A. D. 19~LSL
~ry Public in a~d fa the Stats of Florida ~t Larp~
~~,~~r,ca,N,ission .xpir
Retum Ta .j~ . ~il~ ~1~, ~i!! ~ ~01idi ~l ~t
Finf federd Savi s d. losn AasociaYan .
'
~ ~ (M~ifIM ~ +9~ ~9~
of Fon P~~.ce. . ; ;
= ~ ' ~ : ~ b ~ rw a ~.~.+r e..
Fort Pierce, florida ~ V •
~ ~ ~ Q
' t J .
FfLED ANO RECpRDED ` " - ~ =
;J ' ~ ~
. ST. lUC1E COUNTY .FLA. ~ ~ ~ -
. RECO~~~~~~o ~ e
. j,->,~~......••
,
'66 SEP 2 PM 3: 3 2 ~
~~o,~.l,~.l~'
ROGER POITRAS ~K~S~
- CLERK CIRCUIT COURT ~ - - - . z ~
- ~
~ : - ~ g,~ - - - - - - - ~,x; - .
' ~ ~
I
~