HomeMy WebLinkAbout2850 To plau +nd continvoush keep on tFw buildiny~ now a hsreafr~. ~itw~~ on ~aid I~rni sed oe ~II equip~ewwt uid pe~wn+lly towr~d by N+~~ nw?t~
p~, with dl preeniums tMr~on p~~d in full, iire insuranc~ in tM uiwl sundard policy fam, in a sum approwd by the MORTGAGEE. ~nd winditwm
Yavrarc~ i~ th~ wwl ~t~ndud policy farn, in • wm approv~d by ~M N10RTGAGEE, in such company w canpanies u th~ MORTGAGEE may
dirMj ai+d ail iin u~d windaearn iniu~~nc~ pol~cies on ~+y of aid build~np~. ~ny inlt~~st tht~ein or part ther~of, i~ tM ap9re~~t~ sum ~fons+id o~ i
N~xoNS tMrwf, sMll conain tM wual standud morr9age~ cl~use w such o~F+er claus~ as ~he Mo~tys9es may ~p~'a~, makinp tM loss unde~ w~d pdF
~ip, Nch and ~vKy. p~YabN to s~id NWRTGAGEE +s its intercat maY ~ppaar, and e+ch a~d eve~y urch poiicy shatl b~ promptly ass y~ed ~~d dtliv~r~d ro
. ~ny h~ld by uid MORTGAGEE as furttwr security to said mortga~ debt, and. not I~u tMn ten l10) d+yt In advana of tF+~ ~xpiration of e~ch polity, to de~
Ilw~ 1o said 11RORTGAGEE a ~ar»w~l tMrwf, topetM? with • rec~~p~ for tFr pr~m~wn of wch rsnevvalJ a~d tFwr~ sMll b~ ro fue a wind~tam in~uru+c~
pl~pd on ury of s~id Fwildi~ps a11Y If11NN1 fFNf~M q put the~eof, unfeu i~ the form and wi~h ~M bu p+y+ble as d«~saidr +~d ~ the ~vent any wen
pf mon~y bec~~ p~yabb uadN wch polity o~ policiss said MORTGAGEE sMll FNw 1M option lo ~!ClivO i~ ~Iy 1IM Mn'N 0~1 KtOYt?t Of 1F1f {t~Obtl~ ,
Mµ s~cut~d hatby or b p~tmil s~id MORTGAGORS to rKeive and use it p ~ny part thereof fu othe~ purposes, without Ihereb/ waivi~g w~~np+a•
inp any pu;tp, li~n or riyht w+de~ a by vlrtw of this enortp~y~; u~d in tM ~vent u~d MORTGAGORS ~h+ll fw ~ny reawn f~il to keep ~h~ s+id prnnises so
inwnd, w f~ll lo d~liwr pranptly any of s+id policies of inaurant~ to said MORTGACsEE, or fail promptly to p~y fvlly any premium ther~fo? q in any
ntp~ct fail b pa(orrt~, disehup~. ~xeeut~. ~ff~d. eompl~~~, comPly with u+d +bide by this eov~ewnt, a any put hsrwf, s+id MORTGAGEE rr~sy p~~oe ~ne!
WY fa wch insuranct or My pait tlwwf withovt w~hrirq or ~ffectug any optfon. ~~en~ Mv~tY, or ~iphf unda or by virtw of ~his Matpap~. and tM
fvll ~nowu of ~ath ~nd tv~ry suth paym~nt shall b~ imnediatey dw and payabl~ ~nd shall bear inta~st fran tM dat~ theraof w+til paid at ti» ~at~ ol
rwn~ pK antwn pK anrwm and to~eti,a wi~h wch Intcres~ shalt be secvrtd by tM litn of this morty~ge. S
4. To pKmit, cwnmit a wff~r ra wut~, lmp~i.ment a detKar+tion of said prope.ty or any p~rt thaeof. ~
5. To pay ~II ~nd sinpular tM cost+, charpn ~~+d expe~ses, includ~rg + reasonable +~torner s fee and cosb of ~bstrscts of title. incurred a p+id at '
any time by ~aid MORTGAGEE, b~uu~ w in ~he ~vent of the failure on the part of tM s~id MORTGAGOR ro duly, promptly ~nd fv11y perfwm, diuhar~
~xecut~. ~ffect, compkt~, oomply w~th and ~b~d~ by each and every the stipulsnons, agrcemenn, cond~tions, end cownants of ~aid promissory note and thit
mo?tpp~ arry w tithe~. ~nd wid costs, cFwrpes and eapenses, e+ch and wery, ihall b~ immediately due ~nd payaWe: wFK~Mr a not ther~ b~ r.otite dr
m~nd, ~tttmpl to co11M a wit p~ndinpp ~+d tM full Mnount of each and every wth payme~+t shall Ixar intere~t from the date thereof until p~id af th~ i
r~n of nin. p•. cenrwn p.r ~uwm; ~nd all said co:t~. cMrpei and e,epenses incvrred or paid. togethcr w~th s~ch intsrwl. shall bs secwed bY tM li~n of tha
~a10+p~.
6. Th~t in tM ~we~t of any tx~ach of this Mortgap~ or defwlt on the paA of the MORTGAGOR, or (b) in tM ~wM +ny of s+id wn+~ of money
Mnln r~f~n~d to b~ na p~anptly ~nd fully p~id wirhin tht.ty l30) days nex~ after fM same uverally becane dw and payable. without d~mand a ~+otic~,
a W In fM ~wnt Nch and ~very tFw stipulatioas, agreements, caxlitiau +nd coven~nb of u~d promiuory note u~d tF?~s mortp~ye ~ny a eithtr ~r~ noi
~uN. prpnptly and iu~l; ~,:riormed, d~scharged. ~xecWed. effected, complered. compGed w~~h and sbided by, tMn in ~ifhK a any tuch ewnt tM said ap~
pl~p~h win r.nan«! in said promiswry note then remsinirg unpaid. with intereil scuued, artd all moe+eys secvnd hKSby. aMll beoome dw and p~y-
abN forthwitl~, a tMnahar. at the oprion of said MORTGAGEE, u f~lly and compk~ely ai ii all of ~he said ~~n?a of money w~r~ orpin~lly atipulatsd
ro b~ paid on wch day. ~nylhLg in said praniuory note a in thia Morty~ge ~o the contrary notwi~hiandinp; and tMrwpon a thereaher at rh~ option of ~
NW MORTGACsEE, without notia a d~mand, wit at law or in equiry, tlKrefwe or thereaf~er begun, m~y b~ prosecuted u if ~II mon~ya s~cu~~d Mrtby ~
h~d rtwhrr~d priOr ro iM institvtion.
7. That (n tM went that at the beginni~g of or at ~ny t~me pending s~y suit upon this Mwtgsy~, o~ to foreclos~ lt, or ro r~form lt, a to er~fwa ~
p~yenent of ~ny d~im~ M?wnd~r. s+id MORTGAGEE shall apply to tM Covrt having jurisdrction thereof for tM ~ppoinlm~M of a R~teivt~, such Court shall ,
ForthwNh ~ppoiet s r~uivtr of s~~ inwtp~ped prope~ty ~I) and singulu. includ.ng all and singular the incom~, p?ofits. issuts ~nd nwe+ues from whstwa
u
wvra daiwd. ~ad? ~nd ~wry o which. it beir?p ~xpreuly undersrood, is hereby mw~gaged as if speut~call'y set forth ~nd de~cribed in the pr~ntinp a~+d
lab~ndum dav~e~ her~of, ~nd wch Rectiwr sha11 have +II the broad and effective funct~ons a~ powcra in anywise entrusted by ~ Coun ty a Rec~ivtr, and
such appointm~nt aFNll b~ mad~ by wch Court as an admitted equity sr+d a matter of absolute rigAt to s+id MORTGAGEE, and without refennc~ to tM
~d~quscy a ie?sd~qwcy of tM valw of tht properry mat9a~ed or ro the wwency or insolvency of said MORTGAGOR or the defendants, and that s~th
r~nt~, profiri, incorn~, iswes ~nd nve~ues sh~ll b~ applied by iuch Receiver accwdiny to the lien w equity of ~aid MORTGAGEE and tM practiu of such
Ca+rt. ~
9. To dvly, promptly and fully p~rfom+, dixMrqe, execute, effect, eomplete, comply with and abide by ssth and ~very the stipvlaYans, apr~nb, s
aoiw!'tiom and covenants in uid promUswy note and this mortyage set fwth. ~
9. That in th~ w~M the ownership of the mortga~ed premises, a any part tFrc~eof, becomes vested in a penon other tFNn the MORTGAGOR, t!w
MpRTGAGEE, its wcuuus ~nd ~ui~ns, m+y, without notice to the MORTGAOR, deal with s~,ch sucuua o~ wcussor in interest wHh r~f~rencs to thU
monya~ and tM debl her~by ucured in the wme maru+er es with Mortgaga without in any way vitiatinp d dixhar9ing the Mwtypors' li~bility Mr~-
undar a upon tM debt hereby secwed. No aals of the Rrem~ses hereby mortgaged +nd no iabearance on the p+?t oi tM MORTGAGEE w itt sutceuws i
q astiym and ~o extension of the time fa the p~yment of the debt hereby secured q~ven by the MORTGAGEE or iri wcussors ot auigns, sh+ll opsrat~
to rsleaN, dsclury~, modify ch+ng~ w affect the orig~nal liab;l~ty of the MORiGAGOR herein, either in whole o? in p~rt.
10. If ts specificdly apreed tMt time is of the esser+ce of ~his contract and that no w~iver of ~ny obligation herevnder or of ihs oblip~tion sr
ew~d hu~by ~hall ~t ~ny time thereaher bs held to be a waiver of the terms hereof or of the instrumeM aecur~d herby.
11. In addiYron to the forego:ng mo~thly payments of princ'pal and interest reqv~red by the promissory rate secured hereby, mortpagor townant~ t
and pnes to pay to mortgsgee with esch monthly paymem an add~r'wnal :um esrtmated by mortgagee to be equ~I to 1/12 of the annua) cost of the follow- ;
;
irg: -
A-All real property taxes kvied w assessed against the above deuribed real estate.
d-Premiums on fire +nd windstam insurance as herein ~equ~red to be carricd on the improvementt sit~ate on the above described premiset.
~ C-Premivms on suth mortpage ywr~nty insurance as morlgagee sha~~ from rime to time deem fit to urry on the loan secured FKreby.
Morty~et shall from time ro time notify mortgagor in writing of the amoum due and payabk hereunder and such wm shsll therevpon be dw and
payaWs on the due date of the next mwdhly paymem and each successive month thereafter urtil mwtgsgee shsll ratify mortgsgw of a charge in such
~mount. Such svms shall be ~pplied by mortgagee toward the payment of real property taxes, insursnce prem:ums, and morlpsye guar~nty insur+nce
p~~miurtu.
IN WITNESS WHEREOF, th~ u~d IY~ORTGAGOR has hereumo set his hand and seal the day and year first afwesaid.
I ~nd d~ ed in p?esencs of: `
~ n
~
~ - n--n
~s„q i
STATE OF FIORIDA ~
~ ~
courm oF c t. irt~c iA
oefore me penon~lly ~pp~sred 4`..~, T ~ t and
I;+ai'y0~;+i st, his wiie, to me well known and knawn w me to b~
tM Individuab dewibed in ~nd who exccuted the forc9oirg instrument, and acknowtedged befwe me that they executed the sams for tMe pvrposes
,t~,.~, ~,~,~d. ,~,d ~e s.;d Irene Crist -
wi{~ of tM N;d C .T C ri a t ~ a sepa~ate ~nd pr'rvaN
eu~min~tan by me tsken aeparste and ap+rt from her said husb~nd, adcnowledped ro and befwe me that she executed said instrument freely ~nd voluo-
tuily ~nd withovt aey compvlsion, constraint, spprehension, feu of or from her said husband. j
WITNESS my iwnd snd official ~tal this - day of A. D. 19~}_
Nwary P ~c in and fw the State of Florida at larye
My iuion txpires:
Return Ta. •
Fint F~deral Savinps d. Loan As~oci+tion t, NOtOry PUbIiC. StatQ oi Floride at large
Of FoN PKrce. ~ir~:r,, M~ Comms~ion Expires P.ug. 6, 1967
;tat: FiLEO AND RECORDED ~+m~r~can Surety Co. of N_ Y.
fort Pierce, florida ~'•~Q~r~~.......~~~J7;,%..,
'
~ ~ ST. LUCIE COUNTY. Ft.l1.
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~ ~ R CO 0 VERIFI ~
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.'~-ri o'~d ~~Q? ~ - .
~:`o
~ 7~Q~ :~1 :'66 OCT 2 S PM 3. 26
~o . 149
~ 4`70
.~~s;~tE, '
' ~t0~:i:.?~ ~•OtTP.t.S
' CLERK CIRC,UIT COURT
, gooK~~ / PACE 449 f ~ ~
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