HomeMy WebLinkAbout2141 3. To pi~a ~nd coniin~ao+ty kasp on tke buildi~gs now w M~eaf~H ~ituat~ on said land snd on all equipm~M ~nd p~rwn~lly covtr~d by 1hi~ nwrt¢
ags, with all pnmiums thN~on p~id in fuil. lire insuranca i~ the usuat ~ta~dard polity fp~m, i~ a swn approv~d by tht MORiGAGEE, ~nd wi~torm
cnsuranc~ in th~ ~wai ~~s~dard poi~cy fam, ie~ • sum approved by ~he MORTGAGEE, in such ca»pany w compa~ies as th~ MORTGAGEE enay
d~rec~j ~nd ~II ik~ ~nd w~ndstwm iniura~+cs poGues on any of sa~d build~nqs. any i~~erest therein o~ pa~t thereof, !n tM a~yre9ae awn ~fx~said or
tn ~xc~a~ fAH~Of, tAall tonuin !h~ uswl standud mort9agee dav~ or such o~her claus~ as tM Mortgagca may reqvir~. malinp ths lou unda sa~d pol}
cies, e~ch uwj ~v~ry, pay~bb ro aid MORTGAGEE as its inte~est may ~ppear, and each and every s~rch policy ~hall b~ promptly ~ss:yned and d~livered to f
•ny hetd by taid MORTGAGEE ~s fvrther securiy to said mortgage debt, and, no~ leu than ten (10) days in advance of the expir~tion of euh policy, ro dF
G~er to ~aid MORTGAGEE s~enewal tM~eof, top~tl?N with • receipt for the premium of ivch renewal; and ther~ shall be no fire or windstwm ins~~~nc~ ~
placed on ~ny of taid buildinss, ~ny intereil the«in w p~rt theroof, unleu in the (wm and w~th the Ioss payable as afor~uid; and in tM ~v~nt any swn
of mon~y becpr~ p~yaa~ ~nd~ wch policy or policies iaid MORTGAGEE shall have ~he option ~o receive and apply the sime on accouM of the indebted-
~~ass satw~d M+tby w w permit said MORTGAGORS to ~eceive and usa it w any par~ Thereof ior othcr purpo~es, wi~hout thereb~ waivi~.g w~mpair-
~~q +nY ~quitl/. ~ien or ?ght vnder w by virtw of tAis morrgage; ~nd in the evcnt sa~d MORTGAGORS shaQ fw any reason fail 1o keep ~hs said premises to
insured, or fdl b d~liver prpnptly ~ny of uid policies o( insvrante to said MORTGAGEE, w fail promplly 1o pay fully any ptemium therefa w in any
respect fail b pKfwny dischar~s, execut~, effea, complete, comply with and abids by this covenant, w any pa~t hereof, said MORTGAGEE may pl~c~ and
PaY fa such imwae~ a any put tMreof wi~hout waiving w affectinp a~y op~iay lien. eq~ity, w right under a by virtw of this Mwtpp~, ~nd tF~e
fu11 smovnt of tach ~nd wsry such payme~t shall be immedi~tely d~re ~nd payable and shall besr interesl from th~ dat~ thereo~ uotil paid at tM rate of
n~ne per ce~tvm ptr annum and togNhcr with ~uch lnterest shall be setured by the lien of this mortgage,
1. To permit, cwnmit or wffer no wau~, impairrnero w deterioration of aaid property w a~y pan tf?ereof.
S. To pay ~11 and sinpular tM cosh, charges and expenses includirg a rcssonsble attwney's fee and coats of ~bstr~ctt of title, inturr~d or paid ~t
any time by said MORTGAGEE, b~tause or in tM ~vent of tM failura on the paN of the said MORiGAGOR to duly, promptly ~nd fully perform, d~sch~~y~
sxecv~s, eliect, completi, tomply w;th and ab:de by ~~ch and every the stipularions, agreemen~s, condtt~oru, and coven~nri of said promissory ~ote +nd thii
morr9spe any a ei~he~, and taid cosfs, chuges and expenus, each and every, thall be immediarety due and payable; whe?F?er or not there be r.otice d~
mand, ~ttempl ro toll~tt pr wH p~ndingj uvd tM fult ~mounf of eath ared every wch payment shall bear interosl from 1M date thereof until paid at tF+e
ra~e of nine per centum per aruwm; and all u~id costs, charges and expenses incurr~d o~ paid, togethe~ w;th such intensl, sAall be iecured by ths lien of this
mortflp~,
6. TMt (a) tn the event of ~ny br~ach of this Mortga~e w defavlt on the part of the MORTGAGQR, w(b) in tM evsnt sny of s~~d sw~u of mon~y i
herein r~fKr~d to b~ not promptly and fvlly paid within thirty (30) days next after the same severatly become due and p~yable, without d~mand a notic~. f
or (c) In th~ ~wnt ~ach u?d every Ihe stipulations, agreements, cond;rions and covenants of ss~d pramiuory npte and th~~ mortqaye ~ny or either are nof
iuly, prornptly ~nd fvlN p~rffwroed, diachar~ed, execvted, eifected, complcted, compl~ed w~th and ab~ded by, then in either or any such ~vent tM said ap~ t
preflate wm m~nYwn~d in ssid promissory npte flxn remaining unpaid. with interest acuvcd, and all moneys sec~~ed. he~eby, thalt bec+ane dw ~nd p~y- ?
ebt• fonhwith, p tMresftN. ~f fh~ option ot ssid MORT(iAGEE, as fully and comple~ely as if all of the sa;d svnr of money were or;yinally stiputated
to be paid on s~ch day. ~nyf?Jny in sa;d prpniuory ~?ote or in ~his Mortgage to fhe conrr..ry notwithstandiny; •nd thereupon or tl+ereafta at the opt'wn of
sald MORTGAGEE, without notice or dem~nd, wit at law w in equity, therefore w thereafter begun, msy b~ prpecutd as if all mw~eys sscur~d her~by
hed mafu?~d pip to ip institution.
7. That in tM event tMt ~t the beginning of or at any time pend;ng any suit upon this Mortgage, or to foreclos~ it, or to reform it, o~ to enforp
peyment of ~nr d~im~ AKevnder, said MORTGAGEE shalt apply to the Court having jurisd~ctian thereof for the ~ppointmenf of ~ Receiva~, such Court sh~ll
io.rhwtrh appoint i r~ce;vN of sa~ mwtQsgad p~operty a11 and singuls?, includ~rg a11 and s~ngvtar the incoms, profih, iuvet and rsvenuef from whatswr ~
tou~c• dMiwd, each ~nd ~very o which, it being expressly understood, is F+ereby mortgaged as if specifically set Eath ~nd dewibed in the prantinp and E
nabendum clsvses hetepf, ~nd suth Receiver shall h~ve atl the broad and effetrive Funcnons and powers in anywise Mt?usted by a Court ty a Rtteiver, ar+d ~
such appoiMmN?t tha11 be made by such CouA as sn admitted eq~ity and a maner of absolute right to said MORTGAGEE, and without reference to 1M
edequaq or inad~qwty of tM v~lue of the properfy mprtga9ed pr to the sonrency or ;nsotvency o( sa~d MORiGAGOR or tAe defendants, ~nd rhat such
rents, profi», Gxome, issw~ and revenues slw11 bs applied by such Receiver accwding to tl~e lien or equiry of s~id MORTGAGEE and the prattiu of such
Court.
8. To duly, promptty ~nd fvlly perform, discharge, execute, effect, complete, comply with and abide by each sod every tM stiputations, ~yntm~nb,
conditions ~nd covenants in said promlasory oote snd Ihes mwtgsge set fo~lh ~
9. That in ths event the ownership of the mortgsged premius, w any part ~reof, becwnes vested in • penon othe? tMn the MORTGAGOR, the
MORTGAGEE, Iri succeuon ~~d aulyns, may, without ~otice to the MORTGAOR, deal with such iuccsuor w~ussor in interest with ~ef~rtnce to this
mortflaye and tM debt hereby secured in tha same manner as wiih Mortgaga without in any way ritieting a d~xharging the Mut9a9on' liability h~rr ~
under or upon the debt hereby setured. No p1e of the Frem7xs hereby mortgaged and no fwbearance on ths part of the MOQTGAGEE or iri suttesson
or assigns and no extension of the time for the payment of the debt hereby securcd qiven by the MORTGAGEE w its wtceuors w astig~u, shall t~ps~ab
u
ro release, discharye, modifp change w affect the orginal (iability of the MORTGAGOR hereie, eithcr in whole or in put,
10. h is apec~fically agreed that time is of the csxnce of th~s contract and that r+o w~iver of any obl~gation hereunder or of ths obligation st
cvrec Mreby ih~ll at any time thereafier be held to be a waiver of the terms hereof or of the ir~strument sec~red herby.
11. In addition to the fwego:ng monthty payments of princ'pat and interest required by the ,promiuory note secured hereby, mwtysgor cownanri
and agrees to pay to mortgayee with each monthly payment an add~rional sum est~mated by mortgagee to be equal to 1/12 of tha annual cost of ffie follow-
ing:
A-All rNl property taxes levied or sssessed against the above described real estate_
B-Prer~yiums on Fire ~nd windstwm insurartce as herein requ:red fo be carr;ed on fbe improv[ment~ situate on the above desuibed premiaes.
C-Premiumt on such mortgage guaranty insursnce as mortgagee shall from time to ~ime deem fit to urry on the ba~ secured hereby.
Mwtg~gee shall from time to time notify mongagor in writing of the amount due and payable Ixreunder and such sum shall therevpon be due and
• ::rzt fY
~°y""< eec!! ~•_r~•~~:~.• ~,~+.,fh ehe~eairer ur.til rnwtaaoee shaA not; mongagor of a change in such
amoum. Such sums thall be appiied by mortgsgee toward the paymem of real p~operty taxes, insurarxe prtm;~ms, and mortgage puaranty inwrence
premiums.
tN WiTNESS WHERfOf, the s~id MORTGAGOR has hereu~to set his hand and seal the day and year first afwesaid.
ned.~~l~d and ddiwr~d 'n t p?e~eeca of: ~y
d`~c y` 4..~~°"~~ Ortn . ~L~-~- n
. / ~
` ~ n
STATE OF FLORIDA ~
couNrr oF St. Lucie
eefore ms personapy appssred J o s e nh R ~I 81~19 il a~
Helen R. Newman his wife, to me well known and known to me to b~
rhe individwls described in ~nd who executed the fwegoiny ir?strument, and acknowledged before me that they executed the same fw the purposes
rherein expres~ed. Md ths sa~ $e leD R. Nei~lIIlBtl
,H;fe of Joaeph R. Nexman _
upon • se~trate and pivate
examinaYa~ by me taken ~epante snd apsrt from her asid h~sbarxl, aucnorvledyed to and before me that she executed said instrumeM freely and volwr
rar~iY and without ~ny compuls'an, constraint, sppre i, or f r of or from Ixr said husband.
WITNESS my Mnd ~nd official seal thi dsy of q, D. 19 bb
,
- Notary Pubtic in a~?d for the Stale of Horida ~t Larye
.•t:;~t::s.: My Commiu'an expires: ~
Rehrm Ta. ; ti;. ..uaity 1~ab4c. Sbte o1 tl0rida it lary~
F~nr Fede?.~ s.ving, a ~o.n n.sodat~w+ ~ llAp Co~t~ission Expircs 23. 1969
Of Fwt VieKe. - `r J'- ~+.Nd b A.MicM F:. l C~s.~, ~
fort Pierte. Fbrida . ' %
, , ~ .
FILEO AND RECORDED - ' = - ~
ST. WGE COUNTY. FLA. " = - ~
RECORD VERIFIEO ~ " ~
''?n;;.. < : ` +
'S6 QC1 7 PM 3: 22 ~:~~~~,::::t,~~ ~ ~ ~
~
~:0~4`~o'~~s
C~ERK CIRCUIT COURT gOQK1JU PAGE 338 '
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