HomeMy WebLinkAbout1692 1. To plao~ u?d oontLwously kNp on tM buildinps now w M~~~hM Wwat~ on aW land ind on dl ~qvipnwrM W+d paw~+tly oowr~d by thi~ inat~
ap~. with aq pne?fvm~ thtreon paid in fi?II, fin insur~~c~ in iM uswl stuidxd policy fwm, in • su~ appowd by tM MORTGAGEE. ~~d wind~wrm
k+s~x~nq in tM wwl ~tuidud policY fam. in a sum ~pprovad by tM MORTGAGEE. in ~ucF~ companY w con?P+~i~s a tAe MORTGACsEE ~n+y
di~~ctl w~d al) ik~ ~nd w'w~dsto?m iruwana polici~s on ~ny of s+id b~ildirps, u~y Inqnsl tlwreia w put tMrwf, i~ tM pgreyat~ win ~fores~W or
in ucqa tMrwf, sMll conqin tM wwl standxd mor~ya~N cl~uss ot svch aMr dauw +s tM Matye~~e may rp~:n. m~kinp tM loss ur~ uid pdF
cie~. Nch ud twry. paYa~ b w~ ~RTGAGEE ~s iri Inte~es~ may +pp~x. s~d e+ch +nd ~ve~Y t~ch Policy ~MII bt promptly us:9ned u~d d~livKed ~o
any Mld by wfd MORTGAGEE as fwth~r security to s~id mwtpsp~ dsW. ~nd, no? I~a tl»n ta? p0) d+YS in +dvanc~ of tM sxpiwtan of each policy, ro da f
I~vN ro ~+id MORTGAGEE • ~~wal M»r~of, top~rhK with a recNpl for /M prtmium of wch rMtwalt and ~i?K~ shall be no fu~ a wiods~orm fos~u~ou
plac~d on ~r of s~id buildirgs„ ~ny intM~st thK~in u p+rt the~wf, unless in tM form u~d wi~h ~F+~ lou pay+bl~ u afwts+id: +~d i~ th~ ~v~nt any sum
of moMy b~carns pay~blo w~da wch poiky or po~ki~s s+id MORTGAGEE shall h~w tM option to r~csiv~ and ~pply tM sam~ on +ccovnt of th~ i~kbtad~
n~u s~wr~d hK~by ot q pKmit s~W MORTGAGORS ro ~eceiw and ~se it ot ~ny part tlxreof fw other putposes. without thereb/ waivi~~g w impal?-
irq anr puity, li~n a riph~ urKl~r a by vktw of thia mortpayet +~+d i~ the ~vent a~id MORTGAGORS shall fa ~ny nsson f~it to ksep ths said pr~mises so
fnwnd a faU b d~liwr promptly ~nY of said policies oi insur~ ro s+id MORTGAGEE, w fail promptiy to pay fvlly any premium tl+aefa w in anr
r~sp~a f~il b pNforni, disciwp~. ~~cu». ~ff~d. comPlete, oon?Pb wi~b and abid~ by this oovenant. or ~ny pa.~ Mrwf, said NtORTGAGEE may plan and
paY fw wch iMwano~ or any p~rt M~reof wi~t waivirq w aff~ctinp ~ny optian, li~n, equ+ty. w-yh~ undK or by vinw of this Mwtppe. aod the
full amo~M of Nci~ and wKy a+el+ p+ym~nt sb+~l be immedistely dw tnd payabb and aMll bw int~rest fran tM d~t~ thawf until paid at th~ r~t~ of
nirw pw a~ntwri pK ~m and topNhs~ with wch waest shall be secured by th~ li~n of this mortysye• ~
4. To p~rmit, ~t or wff~r no wsste. Mnpairenent w deteriaatan of s~id p?op~rty or any part tMreof. ~
S. To pry ~II snd sinputar tM cosn, d+arpa u~d expenses, includiap a reasonsbk ~ttomey i fee and cosn of ~bstracts of titls. incvned a p~id ~t
~rty tinr by said MQRTGAGEE, b~cavs~ w 1e Me ~wnt of tM f~ilun on the part of tM said MORTGAGOR ro duly, p~omprb snd fi+~~Y perform, d~scMry~
~xec~N. ~ffai. oomPlN~, aomplY with ~nd ~bid~ by Nd~ u+d wNy ~he stipulario~s, a9reems~rs. caditions, and cowe~ana of said promiuory not~ u~d thii
martpp~ N~y w~ithe~. and said cosn. cMr~es and ucpMS~s, each and ev~ry. shall b~ immediately dve u~d pay~blet whe?her or not thtre be r.otia d~
msnd, ~tt~enpt to tolkct ot wtt p~ndirgt and th~ full Mnou~t of esch and every uxh p~yment shall be+~ int~rat from tl+~ dat~ tMreof unril p~id at th~
rote of ~ pK centum par mwm; and ~II s~id cosn, ch+r~es and expe~ses innxred or paW. rogether with such Int~rat, sh+ll b~ saaued bY tM liu~ of Mi~
6, Th~t W in tM ~wnt of any brtad~ of this Monyay~ or dafault on the psh of the MORTGAGOR, or (b) in th~ ~vent ~ny of ssid wms of rtarKy
her~tn nhn~d ro bs not promptly and fvlly p~id within thirty (301 d~ys next aftK Ihe same uve~~lly becoms due and payable. without d~maed w notic~. ~
or M tM twnt each and ~wry tM stipulations, agreements, condirions and coveo~nn of s+~d promissory note ~nd this mort~pe any or either ar~ oa
iuly, pranptly a~d firlly p~rform~d, d'~sclwrged, executed. effected. compl~ted, compl~ed with snd ~bided by. tMn either w ~ny such ~wnt ths s+id a¢
prpat~ swn mtntionad in taid promiuwy nots the~ remai~iny unpa~d, with imerest acuued, and all mo~eys s~cund. !?ereby. shall become dw ~nd psy-
~bl~ fonhwith, a tMresfta, at tht option of said MORTGAGEE, as fully and comple~ely as ii all of the sald aw~r of money were o~ipinally atipulared
ro b~ paid pn wch day, anythlnp io said promiuay note or in this Mortpa9e to the contr~ry notwithstindinp; and ~M.wpon or the.e+her at the opiwn of
•~id MOItTGAGEE, without notio~ a d~m+nd, wit ~t law or i~ equity, therefwa or therssfter beyvn, may b~ prw~cuqd ~s if ~II maaya sacured h~r~by
had mahx~d prior to ita i+~stitution.
7. Th~t !n tM ~vent th~t ~t th~ bs9iro+iny of or ~t ~ny time pending ~ny wit vpon this Mwtg~ge, w fo foreclos~ N, or to reform it, or to enforo~
paymeeM of ae?y d~ims herwnder, s~id MORTGAGEE ~MII apply to rhe Ca,.~ h~ving ju.~sd~nan ~f+ereof for ~M •ppo~nrmem of • R«eiva, such CouN shall
ForthwFtF~ ~ppoiM a nceiwr of sa' mwt9aged property all and sin~ul~r, includmg all and singulsr tM inconn~, profits, iuwa snd rewnues from what~r~r
wurc~ d~riwd. ~ach ~nd ~very o~whrch, it beinq ~xpreuly w+derstood. is hercby mortgaged u if spec~fically ~et forth snd described In the yranting and
hab~ndum dausa hawf, a~d wcA Reuiwr shall hsve sll the brwd and effeaive funct~an and powen in anywise entrusted by ~ Court tq ~ Rsceivsr. aod
•uch appointmN+t ahall b~ mad~ by ~uth Court u ~n admitted equity ~nd a matter of absotute rgAt to ~aid MORTGAGEE, u+d without ~eferenc~ ro tF~
adpusty w inad~qu~ty of ths vslue of the property mortga9ed or to the sotvcncy or tnso~vency of aid MORTGAGOR w the defendann, and that wch
renn, profits, incorM, iuues ~nd r~venues sMll be sppl'Md by such Receiver accwdin~ to the lien or eqvity of said MORTGAGEE and the practia of such
Court.
& To duly, prompth a~+d fully perform, dischary~, execute, effed, complete, complY with u~d abide by each ~nd ~very ths stipulations, apr~eene~ts.
conditiom and ooven+ntt in ~aid prombsory note a~d ~his mortgsge set fwth. '
9. That tn tM evsm the ownership of ths mo~tg+ped p.emise;, or ariy p+n thereof, becomes vested in ~ perwn other thsn the MORTGAGOR. ths
MORTGAGEE, Its wonuws and ~uiyns, msy, without notice to the MORTGAOR, deal with iuch succKSw or waesso? in imerest with reference to thls
mortyspe and the debt hereby tetured in the same msnner ~s wifh Mw?gsgo? wifho~rt in sny way vitiatirg or discMr~inp the Mortyagon' liability Mrr
under or upon tM d~bt hereby secured. No s~le of the premius hercby mortgaged and no fwbearance on t!?~ part of the MORTGAGEE or in s~aesson
or ~ssipnt and no exteenion of the time fw the payment of the debt hereby secured given by the MORTGAGEE o. its succsssors or assi~ns, sF~all operate
ro r~as~, diuiwrp~, modify ch~nga a aNect the orig7nal liabiliry of the MORTGAGOR herein, either in whok a in put.
10. h ts spacificslly yreed that time is of the essence of this contrsct ~nd that no waive? of sny obligation herevnder or of tha oblipaYan se-
cur~d hNSby sAall ~t ~ny thne thereafta b~ held to be a waiver of the t~rms hcreof or of fhe instrument secur~d herby.
11. In addition to the forego:ng monthly paymmts of princ'pal and interrst required by the p~om~uory nore secured hereby, mortgagor cownanb
and ~yre~s ro p+y to morfyagee with eath monthly payment an additional sum estima~ed by mortgagee to be eqwl to 1/12 of the annual cost of the follow-
ing:
A-All reat prope?ty taxes kvied w assessed against the above desvibed real estate.
B-P~~miums on firo ~nd windstorm insurance as herein requ:red to be carried on tF?e improvements sitwte on the above described premises.
C-Premiums on such mortga9e ywranty insurance as mortgsgee shall from time to time deem fit to carry on~_ ~the
~loan secured hereby.
~ Morty~yee sMll from time to time notify mwtgagor in writing of the amount due and payable hereu~der and such wm shall thercupon be due and
j payabb on the due date of the next monthly psymeM and each successive month thereafter ur.til mortgagee shall notify mortgagor of a change in wch
E •mouM. S~xJ~ wms ahall be applied by mortgsgee toward the payment of real property taxes, inswance prem.ums, and mortgsye guar~nfy insurance
premiums.
IN WtTNE55 WHEREOF, tF?~ s+id MORTGAGOR has hereunto set his hand and seal the day ~nd year fint aforesaid.
S~ald(~ dd ~d~/'~,jhe presenoe of: ~
4t~1~1 ~1Y.clL ~ ^ tw4
~iT ness ster M. S ot ,q j
. ~
~ n ~
Wi es e ~ ~..p ~
1
STATE Of FIORIDA ! ~
i ~
courm oF BREYABn= - - - f
±Pp~~ Lester M. Scott ,~a y
befon mt C 118 B. $ CO t t his wife, to me well known ~nd known to me to b~ _ ;
tbe lndividwb desnibd in ~nd who ~xecvted the forepoiny instrurt~ent, and acknowledged before ine tMt they executed the same fw ths purposes
therein ~xprqMd. Md fhs sai~ C e e i 1 i a B. .S C O ti ti
W;f, ~ „~a Lester M. Scott _ _ - _ d?w;4. -
exam'~nsYan by me t~ke~ ~epsrate and apart from her said hvsband, ackrwwledged ro and befwe me that she executed said i~ttvmpnt.fteely ar~ •~7olun~ .
t~~ily and withart arryr compubion, cantraint, +PP?ehens~ feu of or from her said husband. ~.J t_; L.~
WITNESS my hsnd and official seal thi~ ~ day of j.; A.• C. '19v r
~ ~ ~1_.r ~,J~~L, = ~ = - _ ~
Notsry Public ie and for the Stsfe of Flarida at - L~t~s '
,
- My Commiuion t:pires: •
Ran?m Ta NOTAR~ PUBUC STATE of fIORIDA ~ti
ant F~de~~~ s~~s a to~ ~wc~et~oilLEO AND RECORDEO '
Of Fort Pierce. ST. LUCIE COUNTY. ~I.A. MY COMMISS~oN EXPIRES AUG. 6. 196~,,
•OMD[D TMRC. • sRlD M_ Dt[!T[LMOI~lT
Fo.r r~ce, F~o.~ RECORO VERIFIED
lszsis
- '6T FEQ I 0 .-'1~'1 9 : `t?
_~,,~o~~.~z~
i:Q'~:F: ;•pijR=•~
CLERK CIRCUIT COURT
3
f_ BOOK 164 PAGE~69~
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