HomeMy WebLinkAbout2126 S. To plec~ and aont~nuously kNp on tFw buiidirgi i+ow or h~ro~fte~ s~twte on said iand ~e+d on all cquipnviM ~nd penonally cove~~d by thU morlp~
+p~ with a!) p~mivm~ lhaton paid in }u11, (ir! insurance in IM utu~l itandard polity form, in a sum approved by the INORTGAGEE, ~nd windttorm
insuraop in Ih~ ~iwl it~odard pol~cy fam, in • sum approved by ~he MORTGAGEE, in s~ch company a canpanies ~a ~h~ MORTW1GfE nuy
direc4 ~nd all fk~ and windslam i~suranc~ policies on any of wid build;r~s. any D~lertst therein or part Ihtrlof, in tl+~ a~rey~~~ ium afo~t~id or
In ucqq thenof. sMU conqin th~ vwal st~ndud martgagee cl~uie w iuch o~her clauie u tM Mort9a9ee may requir~. makirq li+~ lou undsr u~d pol~
ci~s, tach ~nd ~wry, pay~bl~ 1p said MORTGAGEE as i1s interest may +ppee+, and eacA and every such potiq shall bt p?ompNy ass:yned and d~tivered ~o
~ny lNld by s~ld MORTGAGEE ss furtMr seturity to said maty~ge debt, and, not leu than ten (10) dayt in advance of the txpiraYwn of exh policy, to dr
~+w~ 1o taid MORTGIIGEE • rMtwal tMrwf, to~ethtr with s reteipt for the premium of such renewal; and there ~II be ~o fi~e w wiod~tam insur~nce
p~+c~d on anp of ~id bvildin~:, ~ny interett th~re~n or pan the.eof, unleai in ~hs torm and wi~h ~M lou paysble aa afo.~said; and in tM wen~ any ivm
of mpNy becprrws p~y~b~~ u~de~ such poiicy p polici~f said MORTGAGEE shall have ~he opf~on to receiw ar~d appty Ihe same on xcwnt of the i~debted- •
ness s~cw~d her~by o~ to pennif said MpRTGAGORS to ~eceive snd uis it p any pa~/ thereof fa orher puaposes, without lI1NEb/ waivi~y w~mpair-
inp u?y puity, litn or r'ght under ot by virtw of this mortgsge; ~nd in the event sa~d MORTGAGORS ihalt for ~ny ~eason fail to keep the said ptemises w
insund, o~ f~il to dtliva promplly ~ny pf said pul;ciea of insuranc~ to sa6d MORTGAGEE, or fail p~omptly lo pay fully any premium therefor w in any
resp~ct fail b pNforrn, disthar~e, ~xecvts, ~tfed, comple?s, comply wirh and ab~de by thii covenant, or ~ny part hereof, ssid MORTGAGEE may plac~ and
PeY fu? tuch lnswant~ w ~ny ppt thtteof without w~ivinp w affactinp aey option. lien. eqvity, or right wder w by virtw of tAis Mottyspe, ~nd the
fvll amou~t of eath and ~wry such payment shatt be immediatety t~ snd payable and shal! be+r ir.r~~es~ frpn th~ dats lhereof until paid ~t tM rit~ ol
nin~ pN tyntum ps~ ~rowm a~d together with iuth ineerest ihatl be secu.ed by ~he :'~en of thi~ mort9sge.
l. To p~rmit, oommh or s~ffa no waste, imp~irment or dcteriwation of said property or any psrt thereof.
S. To pay all ~nd sinpul~r th~ cwb, char~es ~nd expense~, includirp a reasonable ~trwney i fee and cwts of abitract~ of title, incurrtd w paid j
any tim~ by ~aid INpRTGAGEE, bKauss or in the evant of the tsilvre on the part of tAe said MORTGAGOR ro duly, promptly ~nd f~lly perfum, di~chuqR ~
~xecutt. ~ffed, oomplet~, tomply with and ab~de by ~xF~ and every the stipulations, ag~eements, conditions, and coven~nq of said promissory note and thu
ezy ^s r?!!"~. 'r~! ee~d cQa+t; c~•~ +nd e:oensea. each and everv. slwll be immediaroty dve and pay~ble: wherher or not the.e b~ not;ce ds ~
mand, a»~mpt fo coll~ct a wH p~nd~ng: u~d ths full amount of each and every such payment shail bear in~srss~ from ihe daie Ii~aeoi untii p~ia ss ::.s ,
rore of nins per centum per u?nwr~; ~nd all said cosn. charges and expenus incurred a paid. together w~th s~ch i.u~rttt, ihall be s~tured by ths litn of Mu ;
^wrtya~, i
6. 1Mt (a) in tl~e ewnt of my breuh of this Mwrgsps or defaulr on 1he part of the MORTGAGOR, w(b) io tM ~vent any of s~id sums of mon~y
herain refKr~d to b~ aot promptly and fully paid within thirty (30) days neat af~er the same severally become due and payabk, without d~m~nd a eotic~,
or in th~ ewnt ~sch and every the stiputations, agreemena. cond~tans and covenanh ot s+~d p?om~uory note and th~s mortys~e any w~ither ~n no1
iuly, promptly ~nd fulty pKfo~mad. ddcharyed, exacuted, effected. complsted, compl~ed wi~h and abided by, then in either or any such ~vent tl» s+id ap~
pre9at~ wm m~ntipMd in said ptomiswry note Ihen remaininp unpaid, with intercst attrued. and all moneys secvred. herebY. shall beoorn~ dw and paY
•b1~ foithwitl~, q tMnsfter, ~t the oF?rion of said MORTGAGEE, ~s fvlly a~d completely as i( all of the ssid swn~ of mooey were a~pin~tly stiputsted
to be paid pn sud? day. ~nytld~y in s~id promiuory note w in this Mwtgsge to the contrary notwithst~ndinQ; and therwpon o~ lhere~ftar at tM option of
s~id MORTGAGEE, without notic~ w dem~nd, wit at law or in pvity, therefore a th=reahe~ beguq, m~y b~ prosecuted as if all moneys secund h~reby
hsi! matwld prfpr ~O iri instifution.
7. Th+t in tM ~vent th~t at tM beyinning of or at any time pe~d;ng ~ny su~t upon this Mortgage, or to foreclos~ N, or to ?eform it, o? to anfora ~
payment of anr dauns hKeund~r. said N{pRTGAGEE shall appty to the Cou.t havi~g jurisd~cr'an the.eof for tM ~ppo~ntm~nt of i Rsceiver, such Coun sMll i
iorthwhh appoiM s nceivt~ of tai~ mortpaped property a~~ and singular, includ~~g aIl and s~ngvlar fhe income, profits, iuuei and rewnues from whatw~r "
w~rc~ d~rived, each ~e~d ~w?y o~ which, it beiny expreuly under:tood, is hereby margaged as if specifically set fath and desuibed in the 9ranrinp and
haba?dum cbusq herpf, and such R~eteiwr sh~U have all the broad and effective funct~ons and powen in snywite entruated by a Court fy a RKeiver, ~nd
~uch appointm~nt ahall be m~ by svtl? Ceurt aa an sdmitted eq~ity a~d a rr~tter of abso~ute rigAt to said MORiGAGEE, and without reference to th~
edequ~cy or insdequaty of th~ vslw of the property mwtgaged or to the to~vency or insotvency oF said MORiGAGOR w the dcfendanb, and that such
rents, profits, incan~, iuues aed nvenues shall be applied by such Receiver according to the lien w equity oi said MORTGAGEE and the practice of such
Court.
B. To dvly, promptly ~ed fully perform, discha?9e, execute, effecl, complete, comply with and abide by each u~d ~very tM stipulations, a~reemen»,
casditior~s and eovenanti in s~id prom(ssory note and this mortgage set fw~h. ~
9. That in ths ewnt the ownenhip of the mo?tgaged prem;ses, a aoy pan thrreof. becomes v~sted in • person other thu~ the MORTGAGOR, th~
MORTGAGEE, its s~cpuws ~nd ~ss;~n~, may, vv;~hoW no~ice to the MORTGAOR, d~af with such succeua or rwcc~ssor in intere~t with rsference to this
ma.tpa~ and ths debt hereby ~ecwed in the s~me m~nner is with Nbrtgago. without in any way viti~tirg or d~xh~ryinp the Mort~sgors' liability Irerr
vnder or upon tl+~ debt hereby secured, No sale of the promius hereby mortgaged and no fwbeawnce~ on the part of th~ MORTGAGEE or in successon
w euign~ snd no txtsnsion of the time for the paymenr of t?~e debr he,eby secu.ed given by the MORTGAGEE or its s~xusson or su;grq, iMl) operab
~o r~leas~, discharpe, modify changt or affect the wiginal liability of the MORTGAGOR herein, either in whole w in psrt.
10. It is specifically ~yreed tMt tim~ is of the essence of this controct and tha~ oo w~iver of any ob!igation here~nd~r or of ths oblip~tion se-
curad haeby sh~ll at ~ny time thtreaher be heW ro be a waiver of rhe terms hereof or of the instrvmeM secw~d he~by.
11. In addition to the faego:ng monti?ly payments of prin~ pal and interest requ~red by the promissory note secured hereby, mortyagor cov~nanis
and ~gre~s fo pay to rtartyspee with each mw+thly payment an add~rional sum es~~mated by mortgagee to be equal to 1/12 of the annual cost of the follow-
'ng:
A-AU reat proptrfy t~xes levied or suessed agai~st thc above deuribed .ea! estafe. .
B-Premiums on fire and windstorm insurance as herein requ~red to be carried on the ~mproveme~ts situate on the above described premises,
C-Premiums on such mortgsga pu~ranty insurar,ce as mortgagee shall from t~me to time deem tit to wrry on the loan sec~red hereby.
Morty~gee shall from time to time notify mortgagor in writing of the amount due and payabk hereunder ~nd suth sum shall thereupo~ be due and
payabte on the due date of the next monthly payment and each successive month thereafter ur.til mortgagee shall notify mortgagw of a thange in s~ch
amo~nt. Such sums shsll be applied by mortgagee toward the paymem of real property taaes, ins~ronce prem;ums, and mortgsge guaranty insun~ce
premiums.
IN WITNESS WHEREOF, the said MORTGAGOR has hereu~to set his hand and seal the day and ye~r tirst afwesaid. `
ipewd. S~a and ed in tM presence of: `
: {
Lois S. Co a~idoW n 4
- ~--n
STATE OF FLORIDA ~
S5.
courm oF 4#~. i.~cie
defwe rrN personally app~ared •p i s S i pYt'e ~ s- 8 V i~ ~v } -y~+~
-his~nriFe~ to me well known and krawn to me to b~
rhe ind'ividuaFs described in and who executed the foregoirg instrument, and acicnowkdged before me thafalay executed the same for the purposes
therein expressad.
..wf~ ~f~f4-~aii e~ ~1 pe+uMr
e~amiQatiaiL.hy .o» iike~ +~Pa~al~awi ~part~. fror?-I»~srii ~nb~wrr+cww~wieisei »r~bef~ ~hM~sMe~.ws~ulei ~aid~Mt~M•4r~ely rwr.wirrr
taci{y +od~ritLo~r~.a~y. saw~w ~owatrairM?-~rp~ei~ew ~-or iew ~of- ~-fwiw 1~e~ ~aid~~a6swd~ :
WITNESS my hand se~d official sesi tl~i~ day of A. D. 19~_ ~
i
Notsry Publ' n and fw the State of Fbrida ~t larpa
My Commi ' expires:
Rettrm To:
Frrsr Feder~l SavFrgi 3 Loa~, /~s~oc;,t;on - Notary Pubfic. ~taN of Horde at large
My Commiscion Expir~s Aug. 6, 1967
Of Fo.t P~erce. • ~ Bonded By American Surety Co. of N. Y.
Fort Pierte. Florida 0~~`~ ~
Fi~o nNO RECORO~o ; • - ~ -
ST. lUC1E COUNTY. FLA. = ~ t =
.RECORD VERIFIEO + . :
" ~ ri : ` ~ - i
-
.
'66 OCT . . - : ~ . ~
7 PM 3. OS . ;
~ :
14sozs ~~---,:;;:;i:;~,.~_ ~ ~
~oc~R ~orrR:.s
.
CLERK CIRCUIT COURT BOOK1tJV PACE J~~ t~
~Y,r:
'
-~;y ~..z - _ . - - - _ -
Y~ ~ .
~ ~
•s ~
~.e;.