HomeMy WebLinkAbout2425 To plac~ ~nd contin~o~rsy ke~p on tM bu~:d~nps now w hercafi~r ~~tuste on sa~d laed ~nd on all equipmeM ~nd psrson~ity covKd by thii mwtp~
~W. w~th ~tl Wtm~w++s thersoo paid in full, fin inswanca in ~hs uwal srandard poticy fwm, in a sun+ approvtd by tM MORTGAGEE. N+d wind~tam
Inwru~ in tM uswl s~andard pof~cy fam, in a sum •pproved by ~he MORTGAGEE, in such company or companies ~s tM MORTGAGEE m+y
dw~cy ~nd all fG~ u~d windstwm inwr~nc~ polrcie~ on ~ny oF taid build~~ps, any inter~~t thersin w pah ther~o(, lo ~h~ +~yreqa~~ swn afa~tiaid or .
In ucau th~nof, ~MII c~nuin th~ uswl standard mor~gagee cl~~se w sucA o~F~er clause as tM Matqsgee may rp~u~. ma?inp iM lou unde~ u~d poli~
ci~. NcA +nd ~wry, p+Y+blt ~o ~id NIQRTGAGEE ai its intere~t may appear, and esch and every such policy ~MII bt promptty au:qnad and dtlivaed ro ;
~ny h~W by said MORiGJ?GfE u fv?the~ secu~ity to said ma~9age d~bt, ~nd, not leu than te~ (101 days in ~dva~c~ of tM expi~ation of e~ch polity, to d~ ~
(lwr to said MORTGAGEE a r~wal thtroof, to~et!?K with • rece~pt fw ~he prem~um of such ?e~ew~l; and then sh~ll be no fire a wind~~am (nsuranc~
ptaad on any of aid bvildin~~, ~ny intereil the~ein or psrt ~hercof, unless in ihe fo~m and with Ihs loss p~yabt~ as ~toreiaid: ~r+d in the ~vent any tum ~
of mw~y b~comea payable w~d~r wch policy w pol~ciss uid MORTGAGEE ~hall have the oplion to ~eceive and ~pply the same on account of the iixiebtecE ;
netf s~cw~d Mr~dy w ro pe~mit s~id MpRTGAGORS to reteive ~nd vse i1 a any part thereof tor othe~ purposes, without thareb/ waiviag w unpair- ~
Lg My equity, lien w ripht under a by virtue of this mo:tgaye; and in the evcnt said MORTGAGORS sMll fw ~~y reaion isil to ksep the i~id p~emise~ so i
inwrsd, p Fail lo dtliver promplly a~y of said policies of insurance to said MORTGAGEE, or fail promptly to pay fully ~ny p?emium therefw w in sny
n~pec~ bil to p~rfonn, dluhup~, u~cur~, affect, complete, comply wi?h and ab~ds by this covenant, a ~ny pa~t Aereo;, ssid MORTGAGEE msy pl~ce and
Wy (e? such insu~anc~ w any part tMreof without waivi~p p affedinp any option, lien, pvity, a riyht unda ev by virtw of thii Mort9a~, aed tht
full smpmt of each and ewry suth p~yment sMll be immediately due ~nd payabte and shatl pear interest from tM date thereof vnti! paid at tM ru~ of
nirn pM centum per annum ~nd together with such interest shall be secured by tM lien of this mwtgage.
4. To pKmit, oommit w iuffa no wut~, impsirment or deterioration of said property o? any parf 1}?ereof.
S. To p~y all ~nd singul~r tM cwt~, cAarges ~nd expensea, including a reaionable at~orney i fee ~nd wits of abstracts of title, incun~d a paid at ~
~ny tims by said µpRTGAGEE, b~cause o~ in the wenf of the failute on 1he part of ihf said MORIGAGpR to duly, p~omptly and fully perform, diuhuyR ~
~xecuq, effect. comptet~, comply w;th and ab~de by esch and every ihe ~t~pular~ons, sgreemenrs, condit~ons, and covenants of said promissory r?ote and thii
matpp~ ~ny w~ither, and sad cosri, cMr~e~ and expenses, esch and every, shs11 be immediately due and psy~blr, whetlxr w not thtre be r,orice dr
mand, attsmpt to colt~ct w wi~ pend;ngt and tM full amouM of each and every such payme~~ sha11 bear interest from tAs date thereof ~ntil paid at tM i
r~te of nir» per ce~tum per an~wm; and all said costs, charges a~d expe~us incurred a paid, toge~her with such interyl, shall bs s~cvr~d 6y tM IiM of this !
mott~~• .
6. That (a) in the event of any baach of this Mo?tgay~ or default on the part of the MORTGAGOR, w(b) i~ tM event any of s~~d svms of mon~y
her~in reftned to bs not promptly and fully psid within ~hirty (3p) days next after the same severally becane due snd p~y~ble, without d~mand or eqtic~.
o? M tM ~vent eath ~nd every the stipulations, ~greements, conditions and covenann of sa~d promissory note and this matQspe any p~ither ar! not
~uly, promptly and fully pe~fwmed, dixMrged, exec~ted, effected, completed, complied with and abided by, th~r? in si~her w any tuch ~wnt IM uid p~
pnyat~ swn mention~d in aid promissory note then remaining unpaid. wi~h ~nterest acuued, a~d a11 mo~eyi secu~ed hereby, shall becom~ dw and p~y~
abl~ fafhw;th, p tM?eaft~~, a1 the oprion of said MORTGAGEE, ss fully and comple+rty at it all of the said suma of money were oripin~lly st~pul~tsd
?o b~ paid on sucA day. snythinp in said promissory oote or in this Mwtgage fo ~he conrrary no~wi~hs~andinp; and the~eupon p thereaft~r ~t the pp~ion of
s~id MORTGAGEE, without notic~ a demand, s~it ~t law or in equity, tAerefwe or thereafter begun, may b~ prosecut~d ~s if sl) enornys s*tur~d hsrtby
hat! matur~d prlp ro ib institution,
7. That in tM ~vent thst st the beginn;ng of or ~t any time pend;ng any suit upo~ t{,is Nbrtg~ge, w to ioreclo~ it, a to reform it, p to ~nfo?q
paym~nt of any daimt M?wnder, said MORTGAGEE shatt apply to the Cou~t having jurisdittion thereof for tha appointment of a Receivei, svth Courf sAdl
fathwith ~ppoint s re~eivN of say! mortpsped property all and singular, inclvd,ng all and singular the income, profits, issuts and rev~nves from wMttvlr ~
sOUru d~tiv~d. eich ~nd ewry o# whith, it beiny expreuty understood. is hcreby mortgaged as if ipec;tically set fwth snd deWibed in the praMinq and
h+btndum daviei hereof, and ~uch Receivtr shaU have all the broad and eff~ai~e funcnons ar,d powers in anywi:e entrusted by a Court tp a Recaiwr, and '
~uch +ppoietmsnt sMll bt mack by suth Co~rt u an admitted eq~ity and a mafte~ of absolute right to said MORTGAGEE, and without r~fer~nt~ to tM i
~deqvacy w inadpuacy of the vsiw of the p?operty mor~gaged w to the sotvency or insa~v-ncy of said MORTGAGO!! or the defendants, and that such {
r~nt~, profin, incan~, iaues ~nd rsvcnues ~hall be applied by such Receiver accord~ng to the lien w equity of s+id MORTGAGEE and the practiu of suth i
GOUff.
~
8. To duly, prornptty and f~lly perfprm, discharge, execute, effec~, complete, tomply wi~h anti abide by tach ~nd ~wery ths stipubtiona, a~rserr~ent~,
conditioro and oovenams in said promissory note aod thGs mwtgage ut f«th. ~
9. That in th~ ~wM ths ownership of the mo?tgaged pren,;ses, a sny pan thereof, becomes vest~d in a pewon mher than 1he MORTGAGOR, th~
NWRT 1GEE, ita succ~uors ~nd auipns, may, wi~hout nor;ce to the MORTGAOR, deal w;th such s~?ccessor or ~uct~ssor in interes~ with refennoe ro thi~
~nafp+ps ind ths debl Mreby secured in the same manner as w~th Mo~tgagor w~thout in any way vitiating or d~xMrging the Nbrtqa~ws' li~bility hert
under ot upon tM debt hereby secured, fVo ssle of the premises hereby mortgaged arxl no iorbearante on the part of tFK MORTGAGEE or it~ suctessors
a~uipns ~nd ra exttnsan oF the rime (w the payment of the deb~ he~eby secured given by 1he MORTGAGEE o. its sutcessors or ~ui9m, sMll op~rat~
lo rNeate, discharpe, modify chs~ge or effect the original liab~lity of the MORTGAGOR herein, either in whole w in part.
10. It is specifiully sgreed that time is of the easence of this contrad ~nd that oo waiver of any obl'gation hereunde~ or of ths oblipation s~-
aud h~r•by shatl ~t any fime thereaher be held to be a waiver of the terms hereof or of the insrrument secwed he~by.
I1. In addiYan to the forego:nq menthly payments of pre»c'pal and interest reqv~red by the promissory note secured he~eby, mort9agor tovenanri
snd agrees to pay to mortgagee w;th each monthly payrnr~t an add~rional sum esf~mated by mortgagee to be equsl to 1/12 of the annual cost of the follow-
iny:
A-All reat property taxes kvied o~ asxssed againsr thc above described real es?ate. -
B-Premiums on fire and windstorm inaurance as herein requ;red to be carried on the improvements situate on the above described prernises,
C-Premi~ms on such mortgag~ guaranfy insurar.ce as mortgagee sha11 from t~me to time deem fit to carry o~ the ban setured hereby.
Mutgagce ahall from time to time notify mortgagor in wr;t~ng of the amouM due and payable hereunder a~d such sum shall tRereupon be due and
WY+~ ~ the due date of the neat montF~ly payment a~ach successive month thereafter urtil mwtgagee shall notify mortgagor of ~ change in s~th
amount. SucF~ sums thsll be applied by mortgagee toward t payment of real property taxea, insurance prem:uma, end mutysge guaranty insunnce
premiumt.
N WITNESS WHEREOF, tha said MORTGAGOR has reunt xt his hand and seal the day a r fint afor said.
Sipn~d S~aled and ~I'~w in tM preience of:
_ n
_
~
~-n
STATE OF FLORIDA ~
COUNTY OF - St'~. ~
L11C 1 ~
Befwe me penon~lly appeared COdo 1, B ~ lev '
, ro~ vn A. BB~ZAV 1 his wife, to me well known and known to me to b~
tM individwb dewibed in and who executed the forepanp instrument, and ackrwwtedged befwe me that they executed the same for ths pvrposes
~e~ •xw~. a~a f~ .,~a_ Caro yr~ A. Bailey
w~fe of the w+d _ L'Ody L Bfl~l@y upon a xp~nte ~nd pr~~ats
examination by me taken sep~rate and apart from her saed hvsband, adcrawledged to and befwe vne that she executed said instrument freely ai+d voluir
tuily and w;thout any compulian, constraint, sppre or fear of w from her ssid husband.
WiTNE55 my haod and officiat tesl thi~ f1 day of A. D. 19~_
N ary PuWic in and for the tate of Fbride ~t Larpe
Retum Ta . . . ~ i . . My Commiuan e:pires:
Fin~ F.de..~ s,~f?g, a. tA,~ A.,«:,f;a, ~Wry PubKc. SU1e ol Florid~ at Luge
Of Fort PK.«. 23. 1969
. Fo.~ P~~?ce, F~o.~d. _ c,+, ~ My Co~aiissioa Exp'res ~ ce-
~ , huM~ H
FIlEO AN ~OUN~F~ _ . . ~ . - ~ -
ST. LUCIE • ' . ~
VERIFIED ~ ~
RECORO . - ; • ;
149~16 : • ;
'66 OCj 4 PM 3: I q . ~
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~L~~ ~ ~
~:o~~~ ~-o~~~~s o Q ~r ~
C~ERK CIRCWT COURT . BOOK15/ PAGE z4 '
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