HomeMy WebLinkAbout2691 To pi~ ~nd oontiiwio~sly kNp on tM buildirgs rww o~ hcreaftN s~twte a+ said land ~nd on all equipmenl ~nd P~nona~h cwa~d MI this matQ~
~p~. w;th ~11 prar+iumf ~t+K~on p+id in full, fin insurance in tM uiwl irandard poticy fwm, in ~ iwn +pprowd by tM MORTGAGEE. ~nd wi^d~ta^~
Mswanp In tM vswl ~undard pc+licy fam, ~n • wm ~pproved by th~ JNORTGAGEE, In ~uch tompany w tanpanies +s th~ MORTGAGEE n+ay
dincry and all (G~ ~nd w'udsto~m ieaw~ne~ policies on +ny of said build~~ys, any intenst therein w p+r~ tMr~of, in tl+~ +p~reyaq w~n ~fatsaid w j
In ~zuss tlw~wf, s!?~II cont~in 1M vtwl standud ma?9age~ clavis u such o~ha clau~ at tM Mo?~9+gN m+y rpuin. m+kinp tM loss undN u~d pdF y
ci~~, Nch and ~vNy, payabl~ w ~+id MORTGAGEE as its i~tcreit may ~ppear, u+d each and evay ivch policy thall be promPt~Y +u~9^ed +"d ~~"'K~ fO ~
~nr MW by said MORTGAGEE u fu~the~ seturity lo s~id mwtyags debt, and, rat leu ~M~ te~ (101 days in advanc~ of th~ expiration of esch pol~cy, to de~ !
liw~ to ~+id AhORTGAGEE • rernwal thtr~of, topt~Mt with a receipt fw the p~emium of such renewal; and ther~ ~hsll be no fu~ w windstae+ Insur~~c~ ~
plac~d on ~ny of Nid b~ildirgl, any intaetl tl?e~tin w put tFureof, untes~ in the form and with IM loss paY~bb u ~ta~said: ~nd in tM ~vtnt any sum
of enor~y becanp p~yabl~ w+d~r wcl~ policy a policiss said MORTGAGEE shall h~ve ~he opt~on ro receive and ~pply the s+me on accouro of tM ir?d~bted
n~ss Mcu~~d hK~by p to parmif aid MORTGAGORS to receiw and u~e it p any pa.t ~Ixreof fo. o~he~ purposes, wi~hou~ the~eb~ waivi~y w~mpair-
tnp sny puiryr, li~n or ripht ued~r or by virtw of tha mort9sye; and in the event sa~d MORTGAGORS i!?sll fw ~ny ~easa+ fail fo keep the s~id p~emises so
Inwred, w f~il to dtlivK pranptly ~ny of said polK~es of insu~ant~ to said MORTGAGEE, or fail promptly to pay fully ~ny premium therefot w in any
nsp~et fail w p~rfa~A, d~xhup~. ~x~cvts. effecl. complete. tomply wirh ~nd abide by thu covenant, a ~ny part hereof, taid MORTGAGEE may pl~u and }
pay fa such Irswanc~ o~ ~e?y put thereof without waivinp w affecliep any option, IiM, equity, w right u~da or by virtw of this Mort9ay~, and tM ~
futl amou~t of ~acl? ~nd ~wry wcA payment ~11 be im~nediately dw and payabl~ and ih~ll bear intcrest from tht dat~ thereof until pa~d ~t th~ rat~ ol ~
nin~ pa centum pK annum ~nd topethe~ with such inrerest shali be secvred by the lien of thii morlpage.
4. To pKmit, oommit or wffK no wut~, imp+'ument or detNiwation of said properry w+nY paN thereof.
S. To pay all ~nd sinpul~? tM coats, cM?yes +nd expenses, inclvdinp • reason~ble ~ttwney i fee +nd costs of abstracts of ti~l~, incvrred w p+id at
~ny time by said MORTGAGEE, b~c+vse a in th~ ~venl of ~he faii~re on the part of ~M said MORTGAGOR ro duty, pranptly and ferlly psrform, d+xharQe
~x~cv». ~fhst, canpkt~. comply with and sb~de by exh and every tl+e stipu!at~ons. agrcements. conditions, ~nd cownann of said p~omiswry note and th~i
mprtqap~ ~ny a ~itM?. and ~aid tosts, chuges u+d expenses, esch and every, ihall be immcdiately dve snd p~ysble: whether a not thare be notice dr
n?a?d, ~ttempt ta coll~d or wit p~nd~npj and tM full ~mount of each and every such p~yment shall bear interesl from th~ dats thereof ~ntil p~Id at tM
r~t~ oi nin~ pa centum per u+num; ~nd all said costt, charges snd expenxa i~cv~red a paid, together w~th wch intN~st. shsll bs s~cured by th~ lien of thy
~+D~
6. 71»t (a) in the went of any breach of this 1Nortgaye a defavlt on the part of the MORTGAGOR, or (b) in tl+~ ~vent aey of s~~d suna of mon~y
hNNn r~f~ntd to b~ ~ot promptty and fully paid within thirty 1301 days neat afte~ fhe same severally become due and p+yable, without dem~nd or notiu. j
or (tJ tn tlw ~w~t ~+ch +nd evKy tFK stipulations, agrecmenn, cond~tions and covenann of sa~d promiuory note and this ma~ya~e any o~ ~ither ar~ nol
~uly, pompNy u+d fully psrformed. dixharged, executed, effected, compkted, complied wi~h and abided 'ay, tMn in ~itl+e? w any s~ch ~we~t th~ said p~
prpah wee rn~nYaned in said promiuwy note then remainirg unpaid, with interest accrued. and a11 moneys secu~~d_ hereby. ~MII become dw and p+p
~ forthwith, p fI1lfNf1N~ ~t the oprion of said MORiGAGEE, ~s fully and compktely a• ii all of the said wms of mooey were oriyinally atipul~ted
to b~ p~id on nrch day. anythlnp in sa~d prom~ssory r+oro or in this Morlpage to the ca+trsry notwithsqndinp: and thereupon a theresfier ~t the op~~on of
utd MORTWIGEE, witFaut notip or demand, tuit at law or in equity. ~he+efore w tFweairor beyun, mar be prosecut~d a if all nan~ys secvnd her~by
hai! maturld prior fo ib inpitvtion. 4 )
7. Th~t i~ tM ~vent that at the be~innirg of or at sny t~me pend~ny y suit up~n ~his Mw~gaqs, w to fweclos~ h, w to nfam It, w to snforc~ t
paym~nt of any daims herwrwkr, s~id MORTGAGEE shall ~pply to the Coun~ving jur~sd~aion thereof iw tM appo~ntment of ~ Recaiver, wch CouA ah+ll ~
fathwith appoint ~ receive~ oF ss' mwtpaped property all and singul~r, inclvdmg all and singut~r the incwne, p~ofits, istws and rtv~nuet frort? whatever
tourp d~riwd, ~ach ~nd ~wry o~whith, it beinp txpressly unde~s~ood, is hereby mo.rgaged as if tpec~ficslly set forth and dewib~d in the prantinp and i
h~b~ndum dawes her~of, and wch Receiwr shall Mve all the Mo~d and effecrive funcf~ons and povrers in ~nywise entrusted by ~ Coun tp a ReceivK, and 1
wd+ appointment shall be en~d~ by avch CouN as an admitted equity snd a m+tte? oi absolute rigAt to s+id MORTGAGEE, and witAout referenu to ti» ~
~dpv~cy a in~dpu~cy ol the value of the paoperty mortpaged a ro the wwency or insolvency of said AIWRiGAGOR a the defendants, arxl that ~uch
rentt, profits, incon?~, bsue~ +nd ~~venues sMll be applied by suth Reteiver atco?d~+?p to ~F+e lien or puity of said MORTGAGEE and the practiu of such
Cou~t.
8. To duly, pr~omptly and fulFy- p~rform, diuharqe, execute, effect, complete, comply with snd abids by each and evtry tM stip~laYat~s, aytt~m~nri,
conditions u?d oovenanb in said promfasory note and this mwfysge set fath. '
9. TMt in tM went the ownenhip of the mwtg+yed premises, or any part thereof, becomes vested in • person othe? 1Mn the MORTGAGOR, tM
MORTGAGEE, its successors and auiyns, m+y, viri+hout no+ice to the MORTGAOR, desl with such iuccessw a wcussor in interest with rsfer~nce to thb
mortyp~ a~d tM debl hereby setured in fhe ssme manner as with Mortgagw w~thout in any way vitiatin9 p dixharging the Monp~gors' li~biliry htr~- ;
und~r or upon tFk dsbt hereby secured. No sale of the Frem~xs hereby mortgaged and no forbesrance on the part of tM MORTGAGEE or ln suttesson ~
ot auipns and no extenian of the time fa the payment of the debt hereby secured given by the MORTGAGEE or its successors ot +stigns, sh+~~ op~~+f~
to nkat~, distharpe, modify chsng~ a affect the original Iiabil~ry of the MORTGAGOR herein, cithcr in whole or in put. ~
10. It b spetifiully agreed that time is of the essence of this contratt ~nd that no weiver of ~ny obligation here~ndtr or of ths obl'gaYwn s~-
eund hN~by shall at any tim~ thereafier be held to be a waiver of the terms hereof w of the instrumem secured I+~rby.
11. In addifan to the forego:ng mo~thly payments of princ'pa~ and interest required by the promiswry note secured hereby, mortgsgor tovenani~
and ~rees to pay to mortgagee with e~ch monthly payment an add~rional sum estimated by mwtgagee to be equal to 1/12 of the annual cost of the follow-
irg:
A-All re~l property taxes kvied w assessed against thc above described resl estate.
8-Premiums on fire and windstorm insurance as t~erein requ:red to be carried o~ the improveme:+ts situate on the above described premises.
~ C-Premiums on wch mwtgage guaranty iasurar~ce as mortgagee sha~l {rom t~me to time deem fit to urry on the ban secured hereby.
Mpt9~gee th~ll trom time to time notify mortgagor in writing of the amoum due and payable hereu~de~ and such sum shall thereupon be dve snd
pay~We on the due date of the next monthly paymen: and each successive month thereafter ur.til morfgagee shall notify mortgagor of a chanpe in wch
amouot. Such sums thall be spplied by mwtgagee toward the payment of real property ta:es, iosurante prem:ums, and mortgage guaranty insurante
prtmiums.
IN VYITNESS WHEREOf, th~ s~id MORTGAGOR has hereunto set hi: hand and seal the dsy and year fint afwesaid.
Sipn~d, S~s ~nd ivered in the p?essnce of:
. ~ ~ _ \
• n
~-Llix a / ~jl . L .e es~- ~~q
~-n
ATE OF FLORIDA i
~ St. Lucie ~ ~
eefore ms psnon~lly appesred D01181C~ E. ROOt and ?
Brenda M Root his wife, to me well k~own snd known to me to be
the individwls desaibed in and wFw executed the fore~oing instrument, and acknawledged befwe me that tfxy executed the same for the purposes
fF~.,ein .,cp~eued, ,4,d ,he • Brenda M Root
wife of tM ~aid Dona ld E. ROOt upon a sepsrate ~nd priv~t~
e:aminsYwn by me taken sepuate and apart from her said husband, acknowledged to and before me that sfie executed said instrument freely and votu~-
brily ud witho~rt ~ny compulsan, cor?itraint, appreFrcr~s~a+ or fear of or from F~er said husband. L
WITNESS my hand and official sed thi• ~ ' dsy of a ~9~s~.b
t3otsry Pu i~ snd for the St~te of Florida at larye
My ion e:pires:
Return Ta
Firsf hder•1 Savi s 3 Lo.n ~socista~+ ~ r}p~y yut3Nc, i~ab ai Aonde at t~r8e
of ~ P;~~~. . p pND RECOROE~ ; My Commisron Exp~r~s Aus• 6. 1967
gT
UCIE COVNT~• F~• ~ ~n~~fec1 6v Amcrcan 5uretY CA. of N. V.
F°,~';g~.~.~~'-~?-.. R~coRO vEaif~Eo
~ ~ . o~N~U~
~ . o T F~ • 50
_ - ~ " _ '66 0CT Z~ P~ Z ~ ~
- " 149368
~ :
.
~osEa ~o~TRC.s
~~t:~ : CLERK CIRCUIT COUR7
~
' ~ BOOK 1~•l PAGE 29Q ~t
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