HomeMy WebLinkAbout1119 To plaa ~nd aa+thuously ka~p on tM bvildirps now o~ Mr~afiw wtw» on said land snd an alt equipMM ~nd p~non+~N aovK~d b'f? thb'^ap'
sp~, with all pnmiwm therwn p~id in fvll, fin ieaw~nct in tM uswl standard policy fam. in a wm +pp?ov~d bY tM MORiGAGEE. and wird~torm
irawana In tM uwal ~tandud policy fwn+. in ~ wm +pprov~d sy ~M MORTGAGEE, in wd~ con+p+nY o~ ca^W~aa a tM MORTGAGEE m+y
dind~ ~nd all fin W?d windawm~ inswanp policies on a~y of said buildinpb +nY 4+hrat~tMr~in a p+rt tlw~wf, in tM +pprp~q swn ~for~id a
in u~oea Il~wf. sh+tl cont~ln tFN uswl sundud maty+~ dws~ or wd~ wha ciauw a tFN 'Albrtp~ ~y nquin. m+kh+p tM iwi w+dM s+~d PdM
d~s. ~~nd ~vKY. ar•bi. w s~fd ARORTGAf'sEE a ib intaest m~y app~. ud tach and ivtry sud? policy sMll b~ pranptly ~as:yn~d ~nd d~liwrd ~o
any Mld by wid MORTGAGEE a fwtiw~ wcwity ro s+Id morty+y~ d~W, and, not I~u tiw~ t~n q0) days in ~dvano~ of tM ~~cpintion of ~ach po1kY, ro dr
liw~ b aid MORTGAGEE ~ r~wwal M~reof, topethK with a ~~ceip~ for tM pnmiwn of wch nnew~l~ and tMr~ sh+ll M no fir~ w winds~wm Mawana
pl~dd oo a~y'of saM bvildM~ps, ~ny k?ter~st tMr~ie o? pul ther~of, unleu in tM form and with tM loss payabl~ u ~fwei+id: +nd in ~M ~wnt ~ny wm
of nwn~y b~ca~ p~yabM wider pKh polky o~ policiN said MORTGAGEE shall hrw th~ option ro nosiw uwl ~pply tl+~ ~x on +coovm of tM 4~d~bted~
nw uow~d h~r~by o? w pumit ssid MORTGAGORS to roo~iv~ u~d u~ N a sny part thereof iw o+her pvrposes, wi~havt ~hereby waiving or ur+p+in
Inp anY puity. li~n ar ripht ued~~ a by virtw of this mortpap~r +nd in d+~ ~vent said MORTCsAGORS thall Fw any ~sswn fail ro keep tM }+id premisss so
Ieaund, or fdl w deliwr prompttp ~ny of said pol~ci~s of inswanc~ ro wid MORTGAGEE. a fail promptly to p~y futly any premivm therefo~ or in u~y
resp~q f~fl b p~fw~n, dischup~. ~xKUt~. ~ff~ct. compbt~. aomply with u~d abid~ by thi~ oovN?+nt, or any part hereof, said MORTGAGEE m~y p1ao~ a~d
paY (o? wch iroin~nc~ w ~ny put thereof withovt w~ivinp a aff~ctinp aiy optan, litn, puiry, a riyht undK or by virtw of this Mort~ape. ~nd th~
full amowu of esch and wKy such p~yrtwnt sh+ll b~ irtimadiataly du~ a~+d payabb ~nd sh~ll beu interu~ from th~ dat~ thereof until p~id at tM rat~ of
nir» p~r oMtvm p~r arnwm snd top~ther with wch intenst shsll b~ secvr~d by th~ li~n of tlw mortqa~.
1. To pKmit. aom~3t or suffw oo waste, imp+irm~nt « d~terantion of isid propxry o? sny p~rt tMvwf.
S. To pay ~~I ~nd ~irgvlsr tM costs, cMrpes ~nd exp«?ws, indud'u+p • reawo+bl~ atton+ey's fee a+d aosn of ~strads of titls, incwred or p+id a~
~ny tinr by s+id 1MORTGAGEE, b~cavse w in th~ ~wM of the f~ilwt on th~ put of ti~e uid MORTGAGOR fo d~ly. promptly ud fully ps~form, dixharp~.
~x~cvt~, ~ff~d. aompl~t~, oomply with aod ~bide by Nch and ~very ths stipulations, ~yreenwnts, caxJiriau, and oownann of said promiuwy rat~ and thw
mortp~p~ any or ~i~M., aod said oosta. ch+rpes and ~xpeeses, ~~ch and ~wry, sMll b~ lmmediatsly due snd p~yabl~: whetFw~ o~ oot ther~ b~ raric~ dr
mand, •mmpr ro aoll•a a wit p.~d~nyr ~nd Nn full .mo„nt of ~ach ~nd way such p+ymei+t shsll bear int~rest from tM date tl+ereof unHl paW at tM
rate of nier p~? centum per anxMn; ~nd atl said oosn, ch+ryes ~+d expe~ses ina~red or paid. topether with such InNnsf, sh~ll b~ ~tur~d by tM IiM of Mb
morq~p~.
6. 1'Mt W in the ewnt of any br~xh of this Mortgape or default on the paA of ths AFORTGAGOR, w(b) in tM w~nt ~ny of s~id ~w+a of rtwr~y
herNn ref~n~d to b~ not promptly ~nd fully paid within th~rty (30) days oext after the same sever~lly becane due and payable. without dem~nd w notit~,
o~ W(n tM ~wnt esch and every the stipulatioos agreeme~n, conditions and coven~nts of sa:J promiuory note a~d th~s morfpape any or eitl~er ue i+w
iuy, promptly arid fully perform~d, disch~rged. exacuted, eHected, compkted. compl'~ed with ~nd +tided by, then in eithe~ o~ a~ryr such ~wnt tM said ap~ '
pr~yalr wm m~ntioned ia ssW promissory not~ thcr? remsi~iop unpaid, with inrerest aurued, and all moneys sacurd. haebY, shall bsooms dw and pay~ t
~bt~ forthwith, or thK~+ft~r, at the optio~ of said MORTGAGEE, ss fvlly and completely u ii all of the said s~m~s of moeey wer~ aiqin~ly s~ipvlated
ro b~ p+id on wch day. smrthieg in said promiuory rate or in this Mort9s~e to the contr~ry ~otwitMt~~dinp: ~nd th~rwpo~ or thereafta at N+e op~ion of
~aid IYIORTGAGEE, witho~t notiw or dem+nd, wit N law or in squity, thereforo or thersahs? bsyun, msy b~ pro~ecvt~d as if all mon~yt s~wr~d hereby
h+d m.r~x.d prar ro~a inq~wr~on.
7. Thaf in tM ~venf th~t at the beyinni~g oi or ~t ~ny tune pending any wit ~pon rhis Mwtyspe, or to fasclos~ H, w to roform H, a to ~nfora
peyment of any daims huevnde?, s~id MORTGAGEE sh~ll +pply to the Court having jurisdiction therwf for tl+~ appantment of a Receivar. such Co~h sMll
forthwith sppoint ~ receiver of sai~ mwtpa~ed propsrry all ~nd sinpular, inclvd~ng all snd singular the incorrw, profits. issws ~nd ~ew~+ues fran whatever '
•ourq d~iWd, ~acA ~nd every o# which, it beinp expteuly understood, a I+ereby mwtg~gsd u if tpecific~lly sef iath ~e+d dewibsd In the yrantinp and
hab~ntlum-cl~uses hereof. ~nd such Receiver shall Mve all the broad ~nd effective funct~ons and powcn in anywise entrutted by ~ Court tp a Receiva. ~nd
wch ~ppointment shaU be made by such Co~H ~s se ~dmitted eq~ity snd a m+ttsr of absolute riyht ro said MORTGAGEE, ~nd without nfe?~nc~ ro tM
adequ~cy or irwd~quacy of the v~lve of the properry matg~ged or fo the wlvency w insolvency of aid MORTGAGOR or the defendants, ~nd that such
renn, profits, inooms, iuues and revenues, sh~l_I applied by such Receiver accordinp to tM lien w equity of said MORTGAGEf and th~ practia of wch
Court. • •
B. To duly, p~omptly ~nd fully perform, d'acF~arq~, axecute, effect, compkte, tomply with ~nd sbid~ by ~ach and ~very tM stipulations, agrsertienb,
conditio~s and ooveoanb in aaid promisswy note and this mort~g~ set forth. '
9. That in th~ went the oMrt~e+ship of the moregsped premises, or ariy put thereof, becanes vest~d in a penon othe~ N~sn the MORTGAGOR. Hr
MORTGAGEE, its wccessas end asslyns, m~y, withovt notice to the MORTGAOR, deal with ~uch wcc~ssa o~ sua~ssor in ime~est with ~~fes~rKe ro this
morty~ and tM debl hersby setur~d in the same msm~er u with Mwtgagw without in ~ny way vitiatinp a dixharping the Mort9+pws' li~bility htrt
under a upon /M debt hereby secyred. Np sale of the premius I+ereby mortgaged and ra fwbear~nce on the part of the MORTGAGEE or i» waeuws
or auiyeu and no extension of the time for the psyment of the dcbt hereby secured yiven by the MORTGAGEE w its wcuuws a auipns, ah+ll opu+q
ro releae, di~dMrp~, n~fy thanpe or affett ths wip~n+l liability of the lNORTGAGOR heren~, sither in whole w in par1.
10. It b specifically apreed that time is of the essence of this contract and tM~ no watver of any oblpaYan here~nde~ or of tM oblipatioo se-
NfOd I1Nlby ~I1~II i? M~/ tlftl! tIllfNNlf be held ro be a waiver of the terms hereoi or of the i~utru~nent secured herby. ~
11. In additan to the fwego:ng rtwnthlY paYments of princ'pal and interest requi[ed by the prom~ssory note secured hereby, mottpagor ooven~nri ~
~nd ayre~s to pay to mortg+gee with each mo~thly payment a~ sdd~rional sum estimated by matgapee to be eqwl to 1~12 of the annwl cost of tha follow-
ing:
A-All real properry taxes kvied or sssessed against the above dewibed real estaro.
B-Premiums on fire ard wi~dsfwm insurance as hercin requ~red to be urried on the improvements sitvate on the above desuibed {xemises.
C-P~emiwns wi suth mort9sge 9wnnty insurance as mortgsgee shslf from time to time deem fit to carry on the loan secured hereby.
Mortgapee shall from time to time notify mort9agor in writirg of the amouM due and paysble hareunder ~nd such wm shalt thcreupon bs d~re and
paysbk on the due date of the next ma+thly payment and each succeuive month there:fter until mwtgsgee shall notify mortgagor of a chsng~ in such
~ amo~~t. sunts shall be applied by mortg+gee toward the payment of real property t~xes, irovr prcmiums, ~nd mort9age 9uar~nfy insunoce
6 premiwro.
I WIT SS R ssid MORTGAGOR h~s hereunto set his hsnd ~nd seal the day a sr t or
n s a ,ver in 1M preserws of:
~--n
. J n
_
STATE OF FLORIDA ~
courmr oF St, Lucie ~
~a~ „x ~,a„~~ Robert 0. BroWn
Sherry A. BI'OWTI -bis wife, to me well known snd known to me to b~
the individwb desuibed in and who ~xecuted the fwepoiny instrument, and acknowle~yed beforo me that they executed the ssme fw the purpwcs
~~a. m~,d „i, Sherry A . Bro~n
,~,;fe Robert 0. BY'OWYI - upon a separate :nd priva»
exaniination by me tsken separate and apaA from her ta~nd, adcnovvledged to and before me that she executed said i~+strument freely and volvrf
rarily and withoW any compulian, constraint, apprehension, fear of or from her said Iwsband. L.~
WRNE55 my h~nd and official seal th~: ~3 dsy of A. D. 19s~.~
~ Notary Public in and for the State of flwida tl luys :
~ Retwn Ta. My f
~NO~a1Y ~K. StD~ ~f ~ ~
Nor. 3,
Fl.n F.a...~ s,v&+ps a~oan A..«~~tion O ~Y (,omaassioo E~ 1469 :
of rb.~ PK.~. ~p pND REC~RG~L~ ywd~d i7 Fy?6'•c,~.w c~. :
.~ti~~ 11.
PK.a. Fb.~ T. LV~tE COURt~Ep -
REC~a~ VE ~1 ; Z ~ ~ _
1522 a ~
~ Z~ pM 3 : y~ ~ = .r`,~°o.~1
~1 JAN ~ . ~ ~ -
~tR~?s .
ROGER ~ ,
~~aK ctiacwT covRT .
~ ~ ~y' soo 16 - . ~ ~ ~
_ ~ K 4 ~11i8
_ a~ :
3 ~ ~ ~ ~t.~
rT~-w.~a