HomeMy WebLinkAbout2854 To piaa a~?d con~i~wro~sly kNp on IM buitd;np~ now o~ FKreaftK ~itwa on i~~d land snd on ~N equiprn~m ~rid ptrwr?slly cova~d by this mort~ ;
ap~, wi?A aA pr~miu~~ Iha~on pa~d in full, (in inturanc~ i~ ~M uswl su~da~d po~icy fam, in ~ wm ~pp~owd by tht MORiGAGEE. u?d wir?dstwm ~
Muwana in tM uswl q+ndard polictir farn, in a ~um app~ov~d by the MORiGAGEE. i~ wch c«npu+y w oompani~s as tM MORTGAGff may
dlndt ~~d aq fk~ u~d windstonn intwu+o~ poJKia on any of s~id build~np~, ~ny in~~ns~ therei~ w p~rt tl~wf, in tM +~yrpat~ wrt? ~fu~said or ~
1~ Ncp~s fhapi, aMll conqin th~ wwl st~ndud mo~~9a~ clwa or such otFw clws~ as th~ MwtyaQe~ rt?~y rpuu~. makinp tM loss undN uid poli~
ctq. ~acA and ~vtry. paYab~t w taid MORTGAGEE ~s in imere~t maY ~ppeu, and e~ch and tve~y such policy ~halt be prompfly asi:pn~d and deliv~r~d ~o ~
~ny Mld by uid MORTGAGEE ~t fwther kcu~ity to s~1id mor~psp~ debt, ~nd, not leu fMn ~en (10) days in idvanc~ of the ~~cpira~an of each policy. to d~-
(iwr to aid MpRTGAGEE • r~wsl tMrwf. topetMr wi?h a rece~pt for tAe premivn? ot svc6 r~newal; and ~Mr~ thall b~ ra t~r~ w windstorm Iruvranc~
plac~d qt ~ny of qid buildirqs, ~ny interaf tha~+n o~ pa~! thereoi, unless in ~he form ~nd wiih tFr lou p~y~bl~ u ~fo~es+id; and i~? IM ~rent ~ny sun+ ~
of mon~y bapn~~ p~y~bl~ wch polity w pol~ci~s iaid MORiGAGEE shall haw tF?~ op~~on to ~eceive and apply tM same on account of tM ind~bted~
rNU s~cw~d h~+~by or W permit ~aid MORTGAGORS ro reuiv~ and us~ if or any part thercol tu other pu~poses, withput Ihareb/ waiving ot unpair-
Inp any pu~ty, IiM w ri~ht ~nda a by virtw of ~hit mortpa~e; and in th~ evant taid MORTGAGORS ihall fw ~ny ~wwn tail to keep the aid pr~mi~es so ~
Inwr~d, ot f~il fo d~livK pranptly ~ny of iaid policies of insurance to ta~d MORTGAGEE. w(aiI p~omptty to p~y fully any prtmium tFro~efor a k? a~y
reip~ce fail b pNforen, diulw~ ~xecvt~ sffM, compla~, comply with +nd ~bid~ by this coven~ot, a any put hK~of, safd MORTGAGEE m+y pl+c~ •nd
paY fw sud~ i~swanc~ or ~nr part tF~eof witlw~t w~ivinp a~ffectirg ~ny optio~, li~n, pulty, a ~ph~ ~ndK w by vlrtu~ of ~his Mortya~~. ~nd the
fvll amount of ~ach aod ~v~y wd+ p~yrnaM shsM b~ immedNtely dw aed pyabM and ~hal! bcu Interes/ from t!» dah 1hsr~of until paid at th~ ~at~ ot
nin~ pN pntum pN a~num and toyelhe~ with ~uch interest sMll be secvred by tM lien of this mort~~y~.
To p~rmit, oomndt or wffK no w+at~, imp~irmeot w detaiwation of said prope?ty or ~ny pa.t the~eof.
S. To pay ~II ~d sirgular th~ cwh, cMrpes uid expensea, includinp • reasonable ~ttwney's fee and castt of ~bitracts of titte, incv~red o~ paid ~t
•ny tim~ by said NtORTGAGEE, ba~use or in the werit of t1~s failure on ths pa» of tM said MORTGAGOR to duly, prompNy and fvlly perform, diitharpa ~
~x~cvt~, ~fftcl, compl~t~, comply w;th and ab~de by ~~ch snd evcry the i~~pular~ons, ayroemenrs, conditions, and cown~nts of s~id promiuwy note and thq
mottyp~ ~ny w atl~, ~nd s~id costs, th~r~s +nd expenses. csth and every. i!?~il be immed~arety dve and paya4le: whethtr w nol ?Mre b~ notite dr ~
mand, i»~mpt to coll~et or wif p~odirgj and tM ivll amo~nt of esch and wsry :uch payment shall bear intero~t from the date tl+Heo4 until p~id at the
r~t~ of nin~ p~r c~ntum par ~mwm; u~d all wid cosu. Chi~9p ~f~ !xplnSls i~tu~fld Of paid. toge~her w~th such intKat, sMlt b~ s~cwed br th~ ii~n of Mi~
sc
"'ortps0~•
6~. iAat (a) in t?w ~wnt of aMr br~~ch of this Mwtg~ or defauU on tM part of the MORTGAGOR, or (b) in the ~venf ~ny of ssid awes of nwrwy
hKNn r~f~rr~d to b~ not promptly and fully paid within thirty (3p) days ne:t after the same severally become dw u+d payable, without dtmae?d or notica,
or W tn 1h~ ~wnt Nch and ewry t!w stipul~tions, ~greement~, conditions snd covenants oi sa~d promissory note a~+d th~s mort9sy~ amy a~itl+K ~r~ no1
~+ly. pranptN and fully pKfwm~d, discharyed, executed. effected. compltted, complied with and abided ~iy. 1F»n in ather a any svch ~wnt tM s~id a~
prp~t~ wm m~ntqMd in Nid promiasory ~ote thtn rem~ininp unpaid, with ineerest acuued, snd all moneys ~ttured hereby, thaU betan~ dw ~nd pay-
~bl~ (pryhyyjfF~, Ot tM?NftN, af tFK optan of said MORTGAGEE, u fvlly ~nd compte~ely as ii •!I of the wid swns of money vv~re apir?~Ily stiputated
ro b~ p~id on such day, anythlnp in sa~d prom;uury eote « in fhis Mortyage to the con~nry norwi~hstsndirg; and thawpon a tl+Neaher a1 tM option of
u(d MORTGAGEE, withovf notia a d~mand, wit at law a ire eqvity, therefwe a thereaha be9un, m~r bt prwecut~d as if all mor~sri Ncur~d Mr~by
h+d matutld p?iq fo i1f i~titution,
7. That tn th~ ~vent tMt ~t th~ be~inninp of o? ~t sny tien~ pe~dirg a~y suif upon this Mortg~g~, w to Ior~cles~ It, o~ ro nforrti It, or to enfora
p~yment oi aeryr daims Mr~vnd~r. s~id MpRiGAGEf shall apply to the Covn having jur;sd;a~on thereof iw th~ appo~ntment of a Receiver, wch Court sMll
Forthwhh ~ppolnt ~ nceiw. of sai~ mwtpayed p.op~rry all ~nd singula., i~ctvd~ng at1 and singular ~he income, prot~ts, issues ~nd rewnues from whaf~v~~
soura dKiwd. exh and ~wry of whith, it beinp exprcssly understood, is hereby mortgaged as ii speuficalty set fwth and described in thi ~i~ntinp ~nd
h~b~ndum d~usls ht?~of. and wth Ret~iwr sMll h~re all the boad and effective funct~ons and powers in anywise ent~usted by • Court tq a Reteivtr, ~nd
such appointreNnt ~MII b~ m~A~ py such Co~rt ai an ~dmitted eq~ity and a mstter of absolute r~ght to s~id MORTGAGEE. and without refe~enc~ to tM
~dpuacy or tnad~qwty of tM wlue of the ixopnty mo?tyaged or to tF+e sowency or ~nsolvency of said MORTGAGOR a the defend~nts, and thd sueh
rtnt~, profiri, incomt, tuuy ~nd r~v~nves ahap be appl;~d by iucF~ Rcceiver according to the lien or equity ot said MORTGAGEE and the practicr of tutA
Cour1.
8. To dvly, ~o~„P,y ,,,d t„iy P.,t„~,, diuharye, execute, effect, compkte, comply with and abids by esch uid wery tM stip~latiw~s, a~nemenU,
conditioru and coven~nn ;n sa;d promhsory note and this mortgage ter forth. -
9. That tn tM tv~nt the ownenh~p of the mortgaped premises, a sny p~rt thereof, bccomes vested in • perton oN+er tM~ the MORTGAGOR, tM
MORTGACsEE, in suaessus ~nd ~uiyns, m~y, wirhoui not;ce to fhe MORiGAOR, deal wirh such succestor a wccyaa i~ inle~esf wifh ~~fer~nc~ to thu ~
mortp~y~ ~nd tlw debt her~by aatur~d in tM sune manner ~s wiih Mortgagw without i~ ~ny way viriating a d~scMr~~ng the Mon9~ors' li~biliry h~rr
under w upon tFw d~bt hertby secured_ No s~1a of the premises hereby mortgagerl and no fwbearance on the part of tM MORTGAGfE w its tucc~sson 2
or +u'+p+b and no extension of the time for fhe psyment of ehe debt her~by setured g7ven by ~he MORTGAGEE or its successors or assi~ns, shall ope~at~ ~
lo releau, di~charye, rtwdify tMngt w effect the original liab~lity of the MORTGAGOR herein, eithcr in whole w in put.
10. It b tp~cific~lly apreed that time i~ of the essence of this cor~trat~ and that no w~iver of any obl'~yatan hereunder o~ of tM oblipation s~- ~
tvr~d h~r~by tMll ~t ~ny firrN theaesher be hekJ to be s waiver of the terms hereof or of the instr~ment secured h~iby.
11. In addition to the faego:ng monthly psyments of princ pal and interest required by the promissory note setured hereby, mort9~gor cov~nantt
~nd yr~es to p~y to mortyagee with each monthly paymem ~n addfrional s~m estimated by mwtgagee to be eqwt to 1/12 of the annwl cost of the follow-
inp:
A-All rsa! p~opsrty taxa kvied w asxssed against the above described real estate.
B-Premiums on fir~ ~nd windttorm insurance as here~n requ~red to be carried on the improveme~ts aitvate on the above deuribed premites.
, C-Prem7ums on such mortpay~ 9wranty i~surar~ce as mortgagee shall from time to time deem fit to urry on the loan secured hereby.
Mwtp+yee sh~ll from time to time ~otify mortgagor in wr;ting of the amount due and payable herevnder and svch sum shall therrupoR be dw snd
pay~bl~ on the due date of the next monthly payment and each successive month thereafte~ until mwtgagee thall notify mortgagor of a chsnge in such
~nwunt• Such sums thall bs ~pplied by mortgagee toward the payment of real p~ope~ty qxes, insurance p~em:ums, and mortgage yuxanfy insurance
pr~+niwm.
IN WI?NESS WHEREOF, tM s~id MORTGAGOR hss hereunto set his hand and sesl the day and ysar fi?st aForessid.
Si • ~d snd Uwnd in tM prosence of: ~
n
n
,t.q
' '
I
STA7E OF FLORIDA 1
~ couNTM oF St . Lucio i ss`
~
~fwe rt~ perwnally ~pp~ared C. T. e`riat and
7"rAnn (`r j,tt his wife, to me well known and known to me to be i
rhe ~ndivid~+~ts described in and wha e:ecuted the foregoiny instrumenr, anc! scknowledged before me that they executed the ssme fw the pwposes ~
i .~v~•~• Md ?h. .+~a- rene Cri st ~
~ wif~ of th~ ~aid - J Cri st ~ „Po~, a sepawte ~nd pirvat~
! sx~miMYan by ms taken separ~te and apan from her said h~sband, ~tkrawledged to and before me that ihe execvted said init?urrMnt freely ~nd volue~-
rarily ~r~d without any compulsion, consrraint, apprehe~s'
~ fea~ of w from her pid hvaband.
~ WITNE55 my hand tnd official ~ea! tlwi dsy of A. D. 19__~
~
~ Not+ry P in ~rxi ior the St~te of fbrida ~t larye -
' RNvm Ta My uion expires:
fint fsder~l Savinps i loan Aswciation NOWry PubMC, !!aM Ot l~IOridll •t l21~Qe ~
Of Fo.? P;erce. My Commise}ort Expirtt Aua. 6, 19i7 ~
' By Am~rican Swety Co. of N. Y. ~
, . ( , . ;tr.~ . FILEO AND RECOROFE~A'Bonded
i Fort Pie+ce. Florida
~ r ST. LUCIE COUN7Y,
, _ :v`. , ~ _
'``•~L~-.:':`;'': pcr(~RD VERIFIEO ~
~ ~f~
' ~ , - • c:~'y~.r = ~~I~' ~
: Y;_:' ~o t o v:`= '~6 ~'''T 25 PP1 3. 26
: j
; , :
' ~ * ~ ~ ~ ~ ~ ~ 1494'72
: O~'•.., ' O; ~•~~:.:r?- ~~O:TR~.~
~ ^F ` ~~cRK CIRCUi7 COURT
~ ' 0 R
~ ~oox157 Pa~ 453
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~ ~ > ~ 7 r~~ ~ ~