HomeMy WebLinkAbout0087 To ~an tnd coeUinvo~oly koep oR ~M bu::cl~ngs now w hor*~fae s~twte w+ sa~d la+d and oe aG si~r.v~iwM tnd p~rawull~• cow~~d bY t!~is narR
wi~h aN pr«+~i+ms ri~eon pi:d in f~rl~, fin ?nsw ~oct ia ~Iw v~ua? i~~rd p~;~cy ta~ in • wiw apqo~ by IrAit~C,J~GEf. «+d w~ndua~w
r:~r+na in tM uws) ~anda~d pe:,eY /aeR in • f,un appre~ed by ~ke M'~~.RTGAI'sEE, in wcl~ ea»panl w axwpsti~s +f ti~t MO~iGAGfE msy
.i.rectj ~nd aN fin ~nd windsia-n insw~na pol:c~es on any of sa+d bu~ld;nQ~, ~ny int~+~s~ ri+are.~ o~ kart r1+Hwf. i~ ~hr a~spar~ wT ~taes+~d cr
in ~:pq drxqf. fAW ~p•lain tlr vswi wandwd mory.~e Nws~ w suci~ wi+e. clws~ as ~M Ntor~ya~e~ may ~pu~~t. maMinp ~he lots v~da s~.d pd"?
ues. NtA and ~wery. paY~pl~ q~id MpRTGAGEf as ~ts interesR may ~pp~~r, snd NtA ~nd tve~y tvch po++q ~hall b~ promptly aia pntd and dttivtred N
u,y heid bp s~;d MpgTGAGEE a fw~her secwity ~o s~id nw+~pa.?e debt. a~d, ~wl Isu thae? ttn ll0i dalls in advanc~ of tht e+cp'uat~on o! each poliey, to ds-
I~ve: b s~id MORTGAGEE ~ rseww~l thsrwf, tops~Mr witti a~ecapt for the prem~:~m of such r«.?waf; a:rd ~f,~e sMll b~ no fas w winds~o~m inswanes
PiKed on any of s.id bu~ldi~g:, u~y ~nre.es~ rhs.e~+ w p+r~ d?ereol, vnleu in rhe fo.m and wit~ 1ha loss paYabl~ as ~foretiaid; ~nd in ~h~ went any swn
of m~y ~y p~y~ ~ pa,~;~y a~IKies iaid MORTvAGEE ~halt h~w tM opt~on ro rece~ve u~d appfy tM same on xcou~~ of the in~kbred-
ness ~ev~~d hK~pp w 1o pKini~ said MORTCAG~RS w retetw and us~ st or any pa~t Itxrroi fa ornr purposea, w~ihout ~hNeb~ waivi,i~ o~ ~ncpaa-
~n9 anY pu~ty. I;an or riglu under w py virtw of ~his mw:y~e: ~nd in tM ev:nt said MORTGAGORS sh+ll fot aoy reasa? fail b keep the said p~em~us w
~~~~ured, or fatl b d~livK pron~ty arryr of sa:d policies ot inswanc~ ro ss~d MORTGAGEE. a fail p~ampNy to pay fu11y any prem~wn rhe.efw a in any
respec? bi) b patonq, d;x?~ar9e, ~xecut~, ~ffect, complet~ cwnply wi:h a~d ob~ds by tl+~a covenant. ar any put hueof. said MORTGAGEE may pl+ca and
P+r fa wd+ irowancs o~ ~ny p~,t thereof wirhout w~ivinp a~ffactinp anY op~;w~ I;en, pu;ry. ~x r~9h~ under a by virtw of tMs Mor~gsqe, and rhe
full ~mee~nl of each ~nd ewry su~ paymem ~hall be inunediately dw ar?d pa~•abl~ and shall bear inte.cst from th~ date thc~eof wuil paid at th~ raN oi
~~~e pe. canwm per kxwm and to,~e~he~ with wch i~terest shaU be securcd by ttx lien of tFds mxt~age.
1. To pKmit, commit or wffet no waste, impsirment a detHiora~ion of said property p any part fhereof.
S. To p+y at~ and sinpular tM cosb, charges and cxpe~scs, inCludin~ • rNSOnable anan~'a fee and casb of abur~ets of title, incuned or paid a~
eny fims b~r iaid NtpgTGAGEE, becavse w in the everzt ot thc 1a',lwe a~ ~he pa~t oi tM ~id N1Q+tTGAGOQ to dulY. prompty ~+d fvlly perio~m, daclurg~
~xec~f~. ~ffect. compl~t~, c«nply with u+d ab;de by each and every the stipulauwu, ~greemcnts, cond~tiwu, snd covenants of said promiuory note and thii
ma ?gaye ~ryr a a~ha, sod ia~d costs. chuyes ~nd expenxa. eash and every. shall be immed~afety dve and pay+bJe: whdl+er w not tl+e~e be r.oeice de~
~~nd atteenpt ro colkef or wit pN?diryj ~nd the fvll arnount of each u~d svery svch paymem sAa11 bear interesf from tFro dafe rhe.eof u~rit paid ~t the
ra;e ef n~n~pe~ centum per a~,wm; u~d aIl said cosrs, charges and espe~ses incu-red a paid, together w~th wch inte~ai, slwl b~ sen,red by the lieo of tlas
mortpap~.
6. "Ihu in the ewnt of any brcxh of tha Mortgage or defauU on tM part oi the MORTGAGOR, or (b) in the event sny of sa~d sums of ma~ey
herein refe:,.d ro be ~a aa,.~ry ~nd fvUy paid within thirty (30) days next aiter ~he same scvcr~!ly become dve and paysble, without dernand w not~ct.
or (c) in tM ewot esch and ersry thc atipubtitMt„ sg~eemrats, co:~~r~oru arw! covenanta of sa~d prom~uory note ~nd ~h~s mor~ga9e any p either are no1
iuly. Frompty u~d fuly perfo?med. d~sct?arged. exeweed, effected, compkred, compl~ed w~~h a~ abided by. ~hen in eithe~ w any such ~veat Ihs said aQ
p.~gate swn m~ntip~ed (n said promiuory ~ote tF~er? remaining unpai~, with inrercst acaued. a.K! :71 ma~eys secured hereby. shall becane due and p~y~
ahle forthwitt+„ w tlweahe~, at the option of said MO~TGAGEf, as fully and compk~ely as if all of the sa~d wms of money were orip'u~a~ly st~pi?lated
ro be pa;d en s~ch day, anythinp i~ said promissory ~ote w in this Mortgage to the to~trary notw~thst~~di~: and theieupon w therE~fter at th.r option of
se.d MORiGAGEE, without naice or demand~ wit at law w in equity, therefwe or fhereaf~er be9un, n~r be proaecuted ~s if sll n+oneys securad hareby
nad matwsd pr:pt to iq institution.
7. Th~t in the w?nt that ~t the beginning of w at any time pcnding any wit ~pa~ tha Mortgsge, or to fweclos~ h, w~to refam it, w to enfwos
paymenf Of ufy c1~irt?f h~ytu~~der, said MpRTGAGEE shall apply to the Coun hsving jur~sd~ct~on thereot (or the ~ppo~roment of a Receive~. wch Court sha~l
forrhwith ~pppint a receivet of s~ mortgaged prppcrty al: a~d sing~la. inclvd~ng all and singvlar the incan+e. profits. issuea ~nd revenues (rom whatever
~=_.•e• derived. each and ewry o~which, it being expreuly underuoc+d. is hertby mortgaqed as if spec~~fically xt fonh and dexribed in the prantinp and
habendvm davses hcreof, and such Receiver shsll havs ail the broad and effectire fu~uwns and powers in anywif! M1~uftHJ by COUrt f9 ~ RKBivN, and
+~ch sRpointen~~t shall be matle by such Co~rt as sn sdmitted equity snd a n»ner of absoluro rghi to sa~d AAORTGAGEf, and wirFwut reftrence ro tlw
aaequacy a iesdtquacy of the value of tl+e property morrgsged or to the sonrency w~nsolve~cy oi said MORTGAGOR a the defend+nn, u~d tha~ such
renr., profin, tncoms, issoes ~nd r~venues sh~ll be applied by such RKeivea accwdin~ to the lien or equiry of said MORTGAGEE and the p~acrice of such
Co~rt.
To duly, praeptly aod fvlly pe~lorm, d;ul,arge. execure, effect, complete, comFly wish snd abide by exh and every the stipu4lions agr~en~v?ts,
conditions and covensnn in said promisswy oote and ~his mortgage aet fath. ~
9. ihat in ths went tl+e ownership of the mo?tgaged premises. a any part thereof. becomes vested in a pawn other th~n the MORiGAGOR, the
MORTGAGEE, in t~ccessors and assigrn, may, witl+our norice ro the MORTGAOR, deal w;~h such successor w u,cc~ssor ;n ;nterest wi~h refc.ence to tliis ~
mortgspe u~d the deb~ hertby secwed in the ssme manner ~s with Mortgago• w~thout in any way vitiating or d~sctiarging the MatBsgors' liability here- ~
u~der or upon the debt hereby secured_ No ssle of the Frem~ses hereby mortgaged ar.d no {o~beeranoe on rhe part of tAe 11ApRTGAGEE or its suaesson
or as:igr?s and no extension of the time for the payr~xnt of the debt hereby secured given by the AAORTGAGEE or in successws or auig~, shall operat~
ro release. diuJwrpe, modify chsr+ge or affect the wigina! IiabJiry of the MORTGAGpR here'N+, eitFK- in whole or in part. ;
10. It is s~xd~ically agreed that iune is of the essence of this contract ar:d that no wsiti-er of any obl~gation hereunder or of ths oblia~tion se-
cvre~ hsreby shsU ~f sny time thereafter be held to be a waiver of iAe terms hereof or ot the instrvment scsured herby.
11_ In add~tim to ttu forrgo:ng mp~thlY paYments of princ'pal ar~d interest reGuirni by the p~omitsary nore secured hereby. rtwrtgsgor cov~nants
=^.d agreef to pay to mortgagee with esch monthly pay~.,ent a~ addirional sum est~mated by mortgagee to be equal b 1/12 of the annvat cosl of tlx folbw-
irt~:
A-AIi real proper.y taxes kv~ed or auessed against ihe above drscribed real estare.
B-Premiums on fire and winditorm insurance as here~n ?equ~red to be carried on the improvema~ts situate o~ the ~bpve desvibed premises.
C-Premiums ort such +nortgsge guaranty insurance az mortgagee shall frorr. t;me to time deem fit to carry on the ban secured hereby.
Mortgagee shail from time ro r~me noNfy mortgagor ~n wr'et~ng of tF~ amovnt due arxl payaWe hereunder and such sv:n shall tF~ereupan be due and
~ayable on the due date of the next ~ranthly payment and each successive month thereafier ur.til mo?tyagee shall notify moctgagor of a change in such
a-^ount. $ud~ sums shall be applied by mortgagee toward the payment of ~eal property taxes, inwrance prem:vms, and mortgage gusranty inwaarue
p~emivms.
IN WITNESS YVHFREOF, the said MORTGAGOR has hereunro xt his hand and xal the day and yta~ fint aforesa~d.
, / i ned, Ssabd and~el' d in tl?e es ce of: ~
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; ` ~STATE OF FtORIDA ~
St. Lucie u-
couNn oF
' Berae ,,,e pe,sa„uy ,ppe„~a He ro ld L. P age 1
' FrisciZZa E PaQel. formerl~ Priscille E. Butlerh~ w;f~, fo ~ w~~i k„~ snd known ro me fo be
he ,v ' in who exewted tF~e foregoing instrw.xnt, and ackrqwledged before me that they executed the same fw the purposes
rherein.~~a. ~,a ~,,;~P_ri~r~lla E. PaQel. formerlv Priseilla E. Butler
~;~e of tM a~ _ HA rn 1 c~~._ P$g~ 7 upon a sepsrste snd priwte
e=amtnstan by ~ne taken sepa+ate and apart from her said husband, adcnowledged to snd before me t!wt sl+e executed wid iratrument freely and wlvr~-
rar~iy and without any compulsion, constraint, appr c
h e n sion, or fear of or from F?er said husband.
WifNESS my hand and offic;d sesl this ~ Sf' day of N vembe A. D. 19
_ , ~ ,
N_tary Public in a~+d iw fhe StaiZ~ ~lot~fi 'iT ~.ar~a
My Commission expires: .
F~?~~ sa - - ~
~s s ~w~+ /?u«ar~ FILEO AND RECO ED 4-~.~ .
of Fort v+e~r_. ST, LUCiE COUNTY. . ~A~~~_~A~~~ORtDA~tCAttGF"
P~ce, F~wcda F?ECORD VERIFIED
_---~/~c~~~ MY CO~IMISSyON ~{J(PIR6S•AAR:_.24, ~96~-
- '~S NOY I PM 2 : 5 0 . ~ _ ~ `
149s0'7 ~ ~
'r.~:;;:.1: i~01TR :S
CLERK CIRCUIT CGURT
BOOK ~~JC7 PAGE ~7 ' `
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