HomeMy WebLinkAbout1138 To pJ~c~ u+d con~wwoes~Y k~ on tM bu:~di~a rww or ?yr~af~a~ . twN on sa~d land ind on ~G ~quipr~a~t ~nd ptewewl~p aowr«! b!I ~"~~P
pt, with aM pr~mi~ tha~on pa~d in full, f~re inaur~r~c~ u~ tht uswt sa~?i+~d polKlr fotm. i~ • sw~ ~VP~owd b11 ~~RT~~~
w+~waea tn ~h~ ~wl sund~rd pot.cY fa~+~. ie ~ sum aFprowd by rM M~itTGAGfE. in wch comP+^Y M tlr MORiGARiEE ~r
dincti and ~R fiw u+d windsa~n~ inswanu po:ic~rs on anr of s.tid bwidinp~. M11 inNrest 1h~n~n w pwt tlwr~oi. in IM +pp~~Q+N aw~ dw~faW p
In ~xc~a tlwrwf, ina11 conain th~ usuat stendard morrgages clause a wcA alwr dwW u tM Mortp+~ m+Y ~o~p++~. w~L~p M~ b~s kd~ ~ P~
c'ai, ~ach ~nd twry. WY+bI~ b s~id MORTGAGEE aa ~n imeres~ eay ~ppea~. ++d e+ch +~d tw~Y s~A PaKll thail 1r~ p~ompNy ~ts:yrnd a~d d~IMr~d ~o ~
any htld by taid MORiGAGFE a tunFw ucwity to said matga~ dsbl. +nd. no~ Mu ~thin ~M l10) d~ys in ~dvano~ d N~ ~xpi?atioe of Nch Pak1l. to d?
I~v~. b said MORTGAGEE a ra»wal thsreof. toQe~hsr with a reca~pt for rhe pnmium of wch r~wratj and tha~ sM11 E» no fin w winditorm M~ww?a
plaud on ~n~t of said buildinps. ~ny ~r?tmest ~he.~i~ ~x p+r~ ths~eof, unleu ~n ~ha fcrm ~nd with tAa lou pa~r~We ~s afor~said~ ~d in tM ~wm ~ny swe
oi moniy becomes paYabl~ u.tidsr ~uch pdicY w polKiss said MORTG/?CiEE shall Mw ?M oPr;on w.ec.ir. and apply ~h. s.m. on acco~cu d M. ~nd.b~.d~
neu s~cwed hereby o~ a perm:t said MORTGAGORS ro r`ce:w ~nd vse H or any pa+t the~eof fw o:he? pvrposes. w~thout tha~eb~ wai~inp a ~mpaih
+~Y ~9~+~Y. lien w ~ght u++dn or by vi.-tue of ~his morryage: ar•d in ths evear sa~d MORTWGORS ih+0 foe s~y ~+son fail to kNp ~ wid pnmiwt w
i~+su~eel, c+r tail w detive~ prony.tly ~ny of sa~d pol:cies of i~wrar~ a said ARWtTGJ?GEE. o~ f.~i Pr~~y a p.r fi+~N Nn? a«~w+R? ~hshf« w N s?y
respect fait w psrfam, ddscha~g~. eaecute. ~ifect. complets. cornpiy wirh aod abi.~ by rt?ia covenant, or +ny Psrt hapf. s~id MORiGAGEE m+r p~+a and
PaY fw cuch inwrawcs w ~ny p+rt thueof w~thout waiving or affx~;np ~ny opt~on. ~ien. ~qu+t1/. or ri~h~ w+dN or by virtw of this Mo+p~pe, and tM
ful~ amount of each and svsry s~xh parma.~t shall b~ inunediately due and p+yabt~ ~nd sh~U oeu kete*at fran !M dat~ tMrwf votU piid at th~ rab o!
n~n~ pe~ cenwm per amum and ~o~ether N•~rh such interesr shau be securc.i by tM li«+ Qf this mort9+pe.
To permit, oom~:ut or wffer no wute. impairmeM or deterioration of sa~d property or sny Pirf tAe+eof.
S. To p+y all and siig~lu the costs, charges and e~penses. indudHg a reasoMble ~r.::-~y's fe~ .r~! wsn of .Mnacn of n~1. inaxnd or pald ~1
ar,y tune Ey s,:id MORTGAGEE, becavse or in the event of the (a~:u~e on the part of tM said MORTGAGOR w duly. pranpth? +nd Iv~iY P~a~ ~
esecute. effect. compkte. car~1Y w~th and ab;de by each s.~d eve~Y the stiFutat~o~, agreemc++ts, conditiora. and oov«»nts of s+id P~ani~se+Y not~ a"d tl+i~
mottya~e sm or either. and sa~d costs, cMrges and expe~ses, each and every, sA+U b~ immedwt~ty dw u?d p+yaW~: whstF~ o? oot tl~s b~ ~~a dr
mand, attempt to colkct w wit pe.~d~ng; and the fult ana~m of each erni ererY wch p+YR.e^t sl»II bear inter~tt han th~ d~h tMrwf untii piid d tM
rare of nine per centum per ~nm~m; a~d all said cosn. charges and expenses incvrred or paid. top~the~ with wd~ inter~st. sh~ll b~ s~aKad b1? tM ~ of thM
^wrtp+~• -
6, That (s) in the event of any brexh of this lNwtgsge w default on th~ part of the N10RTGAGOR, ot (b) in the rrant any of s+id tu~+s of moe~Y
herein referred ro be not prompcly and fully paid w~~n;n thuty (30) days +u,ct after the same severatly betom~ dw and P~y~bb. without d~m+nd or ^o~'t~.
or in th~ event each and every the stipularior?s, aoreerexnrs. cond~rions s.~d covs.?~nts of a~d praniswry .wt~ +nd th~s morsp+p~ +w~y a NMa ~n ~
iuly. ~ornptly and fuliy perfo~med. d~xharged. executed. effected. completed. complied with s~+d ~bided by. th~n h eitha or ~ny wth ~v~n1 tM ~+W +P
greg~tt sum mentioned ie said promissory note then remaining unpaid, w"h interest acuued, and all moaeys s~tw~d. hu~by. thall b~oo~ew dw a~d !D~Y'
able- falhwith, w thereafter, at ~he oprlon of sa~d MaRTGAGEE, as fully ud completely ~s if all of ~he s~id sun~ of ewe~y w~n aipindly stipulsted
rc be pa~d on such day, any~h~ng in sa~d prom~uory note « in ~his Mo.ryage ~o ~he conr.uy non~ri~i+sundirg; ~nd tlwnepon or th~re~fie~ n tM op~ion of
sa~d N10RiGAGEE, without nor~te o~-demand, suit at law ot in eq~ity, therefote or tMreaBK b~yw0 ~11 b~ p~'otawt~d p if ~I~ moMYs ~aow~d Mt~bY
had matured pwr to ~n irotiturioc~.
7. Thar in the eve^~ tMt at the beginnir+g of a st a~y fime pend'og any wit upon tM Mortya~. w to fo?edo~e h, or 1o nfora~ it, or b~nforp
payment of any daims he~~wnder. said MORTGAGEE shatl apply to the Court having iwisd~d~on ~herwf iw fM appointment of ~ R~caiwr. axh Courf sMtl
forthv.irh apFoiM s receive- ot sai~ mort9aged property. all and singv~a~, incl~d~ng aU and sL+gvlsr thi intane. profita, ~ and rewnws ftan whaf~wr
source detived. each a~d .rery of wb:ch, it being expreuly undcrstood, is hercby mortgaged as if specificilly s~t fonh and daeribd h thi ~ar~tinp and
habondvm davse~ he~eof. and wch Rece~ver shall have sIt the broad and effecrive fvr+ctwns and povvers in ~nywise entrusted by a Court p a Reaiwr. ard
such appointment sFwtl be made 4y such Court as an ~dmitted eqvity and a matter of ~bsdute rigAt to s~id MORT6A6EE, and without nfennc~ fo th~
adequacy a insdequacy of the value of the property mortgaged w to the so~rency or insolventy of uid MORTGJIGOR or tM defe++dants, and that sutn
renn. profib. income, issues and revenues shall be applied by such Receiver ~ccordinp ~o the (ien w sq~ity of said MORTGAGEE and tM praetic~ of sutl~
Court.
8. To duly. promptty and fully perfwm. discharge, execute. effect. ca~lete, complY with u+d ~bid~ by ~ath and werY fh~ stiPulat~oew ~Dt~n~tM.
conditions and covenann in sa~d promiswry oote a~d this mortgage ut iwth. ' -
9. Th~t i~ the event rhe ownersh~P of the mwtgaged prem~ses, w ~ny part thereof, becomes wsted 1n a pnon oth~r than t1~e NrORTGAGOR. th~
MORTGAGEE, its successors and usgns, may, wirhovt no~ice to the MORiGAOR, de+l with such succeswt or ~+a~stor in U+terest with nfa~nq fo this
mortg~ge and the deb~ I~e?eby secured in the same manner as with Mwtgagor without in any way vitistinp Or distMr~i*~p HM Mort~~pOn' liabililY hM~'
under or upon the debr hereoy secured. No sale of the premiscs hereby mo.tgaged and no (wbearanoe on the put of th~ MORTGAGEE o~ ib waesfors
or auigr?s and no exrensian of ~he r.mr fw ~Fx payment of the debt hereby secured given by the MORiGAGEE or iri successwf ot auipns, a~++ll op~raf~ i
ro release, d~xharge, modify chsnge or affect the orig:nal liab+liry of the MORTGAGOR herim, either in whale o~ in put. ~
10. It is speufically agreed rhat time is of rhe = sscnce of this contract and tMt no w~iwr of u~y oblipation herwnde~ or of th~ oblipation ~ ;
cured hereby shaN at ar~y time thcreatter be held to be a waiver of the terms hereof or of the instrument secvr~d Mtby. ~
11. !n additia~ to tFK fotego:ng monthty payments of print pat and interest requi~ed by the p~omissory ~ote seCV?ed hereby, mOtty~gor COV,Mnb
and agrees to pay to mongagee with each monthiy payma~t an adduional sum est~mated by mort9sgee to be eqwl to 1/12 of the amwl tast of the fdlow-
ing:
A-All real property tazes levied w assessed a9aihst thc above deuribed reat estate.
B-Premiurtn on fire and windsto.m inwrar.ce as herein reqv:red to be carried on the improveme.~ts sitvate oo the abOVe desuibed p~Mni~M.
i " C-Prem:unu on such mortgage guaranty insuracce as mortgsgee shall from time to fime deem fA fo prry on th~ lo~n sewr~d Mreby.
Ahortgagee shall t~om time to time notify mortgagor in writing of the amount due and payab!e here~x~der and wch wm aMll fherwpon b~ dw u~d
payable on the dve date of the nr~t mw~th:y paymer.t and each successive month thereafter ur,til mortgsgee shall nofify mortgagor of • thsnp~ !n suth
amount. Such sums sF:all be applied by mortgag_e toward the pay~nem of real propert~ taaes, i~w:rance premdu~ns, ~nd mort9+~e 9oa?a^ty inw~~nu
prentiums.
WITNESS WHEREOF, the sa~d MORTGAGOR has hereunto xt his hand and sesl the day ud ar ~nt ~fores~id.
' oed, kd a~d deliv ed in ~the presence of: e, _
L ~ n -
, .
,~to ~n _
cs..n
~ATE OF fLOR10A 1
courmr oF S t. Luci e ~ u'
Befae me pasonally a~eared Fred C Duval, Jr a aingle adult ~
:~r1,R~s~fr_ to me wcll krawn ~nd knawn to me to b~
rhe ind;vidua~ dewibed in and who e:ecuted the faegoing instrument, and scknowkdged bsfors me th~t /hq/ e~cecvted the ssme fw the purposes
therein eIIpressed. ~o
s~r'~,rofsa'~'~iw -
w~rNESS mp hsna .na offici.: sea~ t??~ d,v or ovember n. p. ~9 ~6
Nohry P~:Wic im a~d fq the State of Florids ai Lsr~e -
tt,,.~a~s:sjt~t~ MY Coernissio~ ~xpires:
~
Retum To: ~~~~r~ ~ N01iry rl~t. Slik O~ AOfidi at ~it9!
First Federal Saviogs a n~~t~ ; ~~.,.••......>~v,~ ~1r ~ 1969
g~t~tl~~~jNTY
~FLA. ~ 't c~ ;
~ a.a. a a c.w+. co.
g€~0 ERIFIEO _ ` ° +
t~ : . ~ , „ J
t~ri~`'~'"' = Y ~ : 1O J j ~Y ~ :
-25 PM 2 : 55 ~;s,;~-=- ~ e,;~;~~,= .
'66 NOV ,~L ~ ~ _
150230 .
F;O~~R ~O~TRAS
E~~tK C?RCU4T COURT
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