HomeMy WebLinkAbout1738 To plaa u~d oontinuovsy kNp on th~ buildinys now or haeahN titvan on ~sid iand a+d on aG equipn~nt and p~r~onally ~~d by tAi~ mw1~
W~. with ~11 prNni~rns tMr~on ~id i~ full, fi~e iiavr~nu in ~he uwal ~tudud policy form~ in • tun+ approwd by tM MORTGAGEE. and windsto~m
insuraip In th~ wwl ~qr?d~rd poticy tam, in s sum approved by tfw 1N0lt1GAGEE, in wch com~ny a compani~s a th~ MORTGI1GfE rnay
dincrr and ~II tir~ u~d wind~arm inswana polic'a~ on u+y of s+id bvild~~+qs ~ny i~~~nst tl+K~in w put fM.wf, in ~h~ ~r~y~q swn ~faaaid a
in ~xqq tl~~of, ~11 cont~io tM v~val st~ndud matyage~ clav~t or such o1he~ dws~ ~s tM Ma1ya~ may ~pirir~ mal~ep ~h~ lo~s w~dK uid po1N
cie~. ~ach and ~vpy. paYabl~ fo sayd Mp(tTGAGEE ~s iq imerest maY app~ar. ~i each and ~vary s~xh policy sFNll b~ promptiy u~:9~ed .nd d.liwr.d a
~ny Mld by s~ki MpRTGAGEE u fu?the~ searrity ro~id ma~ps~ debt, ud, flpf I!f{ tly~1 1M (IO) ~yf if1 illV~tK~ Of tM ~Xpif~fiOf1 O~ NCI1 pOlity, ro da
(ivN to wid MORiGAGEE • ~~wal tlwnof. toptthK wieh • aac~ipt fo~ 1M pemiwn of sud+ nnew~lj ~?d ~hK~ shall b~ no f'v~ w windstam iraw+~?c~
pl~d on w+y of s~id bvild'ugs, afly IIITHNt 1F1Mlifl Of pul tMrwf. wdea in tM fam and with tM loss payable ~a stor~iaidJ a+d in tM ~v~nt a~ sw~
of nweNy b~cpnK p~y~p1~ wd~r wd~ paky a poi;cies ~aid MpRTGAGEE sh~ll Mw th~ optan ro rsos~w u+d apply the sa~ on acca?nt of tM kd~btd~
rNU t~cund I»nby a fo ptrmit wid MORTGAGORS ro nceiw ~nd u~ N p sny pa.t ~hc~eof ia o~her pwposes. wi~hout ~hereb~ waiving or unpai~-
trq ~ny p~ity, IiM or ri~ht ~~d~ or by vittw of this mprt9s~t u~d in tM tvent ~aid MORTGAGORS sh~ll for ~ny ~•a•on f•it ro keep ~M •aid pnmise~ w
tnsu.d, ar bU b delivw promptly sny o/ said pol;cies of inswar~e ro said AtORTGAGEE, w(ail prompNy to p~r fully ~ny prtmium thtrefor o~ M ae~y
r~spat fail b p~rfan~ diicMr~. ex~cvte, ~ff~cl, compl~t~, compy wi~h u~d ~bids by this eov~Inant. w ae?y pa?t Mrwf. s+id MORTGAGEE m~y pl~ and
P+Y fa wd~ inwrant~ or ~ny pkt th~reof without w~Ivinp a~ ~ff~ctinp any pptiory 11en, ~71fy: a~iphf w~der a by rlrtw of this JNort~, ae~d the
full ~enount of wch and ~v~ry such paymu+t s1y11 b~ imnediately dw and p~yabl~ and sF?+II b~a. inter~sl frpn tM dat~ thveot ~ntil paid at tM rat~ of
n~n~ pK antum pa anwm a~d topether with wch iaterest shali be secured by tIN lisn of this mortpap~.
4. To p~tmit, aomndt o~ wff~r no wsst~, imp~irenent or deterioration of said propsrty or any put thereof.
S. To pay all and +~inpvlar tM coaH, charpes and expsnses, includinp a reasonable ~ttwney's fe~ ind cosn of ~bst?scta of titi~, incwr~d a paid N
.ny tirn~ by ssd MORTGAGEE, b~cavs~ a in th~ ewnt of the f~ilure on tM part of ~M ssid MORTGAGOR a duy, p~omp~y u+d fvly perform, d'ncMrq~
~xecut~. ~ff~ct, cortrpl~t~, co,npy with and ~b~d~ by ~ach and every the stipul~rioni, preemenrs, conditions, and cowrwata of uid promis~ory not~ and tlw
matCp~ ~nY a lither, and ~+id costs. d++r~s aod expenses, each and ~very. th+q b~ immediat~ly due aod payable: whetMr a not tMrt be r~otiu dr
mand. attempl to oolM~ct or wH p~ndinpr and th~ full ~nount of each snd ew~y wch p~yment sh~tl bear intKest frpn ~FN date th~reof until piid N tM
rate of ~ per centum per Wuwm; ~e~d all said ootts, charyes end expsnses irr•~red o~ paid, together with suth int~rKt, aMll b~ ~cv~ed br ths lie~ of tha
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6, lMt in th~ ~wnt of any breach of this Mortaspe w defsvlt on the part of ths MORTGAGOR, w(b) io tM ~wnt ~y of ~std sums of ewr?~y '
h~r~in nf~rt~d lo bs not promptty and fuily psid within thirty (30) days next after the same xverally becwn~ due ind p~y+bli,~without d~mand o~ ~otit~,
or 1n th~ ~vent e+ch ar~d ~wry tM stip~lations, sgreemeon, tonditiau ; covensnb of ss7d promissory not~ and th~s mortpap~ ~ny or ~ithe~ ~r~ no1
iuly, promptly and fully p~rfwmed, dixharped, execvtad, effeded, completed, ccrnplied with ~nd abided by, th~n in ~ithe~r-oriny such ~vrnt tF~ said ap
p~sQat~ sum m~ntan~d In said promissory not~ then remsinirg unpaid, with interesl scuved, u~d all moneys ~tw~d. he?~bY. sMll beooeeK dw ~nd p~y~
~bl~ fwthwith, ur thereah~r, ~t th~ option of s:;d MORTGAGEE, ai futly ard completely as if all of the said surna of money wers oripinally stipulated
to b~ paid on such d~Y. +~Y~~ i^ P~~~o?Y ~ts or in tha Mortyaye to the to~Vary-r?otwithstind:np: ~nd therwpon o~ thereaftK at tM option of
caid MORTGACsEE. witlw~rt notic~ or d~mand, wit at law or i~ pvity, there(oro or thereafter begwy nwy b~ prosec~t~d as if al! n?on~ys s~cund her~by
had matund priot fo in ir?stifution.
7. That tn th~ ~wnt that N th~ be9inning of or st any time pending any svit upon thFs Mwtgaq~, or to for~clo~ h, w M nfwm It, a ro e~fwo~
payment of any daims Mr~unde~, wid MORTGAGEE shall apply to the Court hsving jurisdiaion thereof for tM ~ppoi~tm~nt of ~ Rstcivsr, wch Co~n shall
forthwith ~ppoint t r~oeiwr of sai~ mort9aped property ~Il and sinp~l~r, includ~ng all and sir?gular the incom~, profits, bsws ~nd rtvtrwes f~om what~vsr
wwc~ deriwd, ssd~ and ~wry o# which, it beirg exprculy understood, is hereby mortgaged ~s if specifically set forth and desuib~d In thi 9rantinp and
hab~ndum dawas hereof. and such Receiwr sh+ll Mve all the broad and effective funct'ons and powen In anywise entrust~d by a Gowf tQ a Ret~iver. a~d
~uch appotntment sh~ll bt mrde by wch Covrt et an adm;fred equ;ty ar,d s rrwrre. of absoluro rigAt to aaid MORTGAGEE and wirhout refennc~ to the !
•dp~+cY or i~»daqu+cy of ths wlw of the property mo.tgaged or to the sonroncy w;nsolvency of Nid MORTGAGOR w th~ dafendams, ~nd thal such
rentt, profi», incane, isiu~s and r~venws shall b~ app~ied by such Receiver ~ccordinq ro the tien w pulry of wid MORTGAGEE and the pattiu of wch °
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8. TO dll ~ f~ ~f1d fY~ ~
~Y P~P Y h? P~o?ro, distharQe, execute, effect, complet~, tomply with ~nd abide by each ~nd every tM stipulationb ~praem~nts, ~
conditions and ooven~nrs in s.id promlasory eote uK! rhis mw~gage ser fw~h. -
9. That in tM wem ti~e ownenhip of the mortgaged prem~~es. a any psrt thereof, becomes vest~d in ~ perwn othet Msn the FAOR'fGAGOR, th~
MORTCsAGEE, ib sucpuwt and ~ss;~ns~ nwy~ wirhou~ norice to the MORTGAOR, deal wifh tuch tucaesfo. or M~tc~ssor ;n ;nfer~sf wi~h reference ro this
mony~ ud ths debt hereby setured in ths ~ame mannet as with Mo.tgagw without in u?y way vitiating or disthuyinp the Mortyayots' li~biiity lKrt
unda+ w upw~ tiw debt htieby sscured. No ssle of the p~emises Ixreby mortgsged ~nd ao fabesunce on th~ part of tht MORTGAGEE or it~ succeswn
w euipro and no exrension of rFK time for the payrn~nt of the dcb~ hereby secur~d yiven by ~he MORTGAGEE or its ~ucceuors ot assigns. siwll op~r~t~
to relea~e, discharp~, rtwtG{y charg~ p affed the wigi~al lisbility of the AAORTGAGOft herein, either in whole a in pa?t,
10 It is specifically ~g~eed that time ia of t!?~ easence of thia contrsct +nd thst no waiwr of ~ny oblipaY~on hereundet or of th~ oblgation sr
: cursd hareby ~hall •r •ny tinro rhereaher be held ro be a waive? of the terms her~of or of the instrument secwed h~rpy.
11. In addition ro the fwego:ng morsthly payments of princ'pal and imerest required by the promissory npre secwed hercby, mortgagor coven~~q
and s~re~s to pay to mongagcs with each monthly payment an additiona! sum esrimated by mortgsqee to be eqwl to l/IQ of the annual tost of the follow-
ing:
A-AU real property tsxes kvied or assessed against the above dewibed real estate. '
d-Premiums on fire and windstorm inivnnce as Ixrei~ requ~red to be urried on the improveme~ts situate on ths ~bove dewibed premis~s.
C-Premiums on such mortgage gvarenty insuronce as mortgagee shall from t7me to time deem fit to urry on tF» foan secured hereby,
Mortpagee ahall frpn time to time notify mwtgagor in writing of the amount due and payabk hereurKler and tuth sum shall therevpon b~ due and
payable on the due date of the next monthly psymeM and each succassive momh thereafter ur,til mortgagee sha11 notify mortgagw of a chsnp~ in such
s
~mounf. 5uch wms shall be applied by mortgagee towsid rhe payment of resl property taxes, insunnce premiwns, and mortgsge yuar~My inwrance
premiums.
IN WITNESS WHEREOf, tM said MORTGAGOR hss herevnto xt his hand and seal the day snd year firsi sforesaid.
Sip S~ald ~nd tver n th~ preience of- ' J
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S ATE OF FlORIDA ~
courmr oF St. Lucie ~
e.f«. m. ~iiy,~,.~a William B, Catchinga . ~
P 8 R~ B. C H t CY1~Y]F, 8 ha w+fc, to me we11 known ind knowo ro ms ro b~
the tnd'widwb described in and who execwed the foreyarg instrurnsnt, and ~clcnowledged before m~ that they exewted tM same tor the purposes
?he~eh+ .~y,..,..a. ~?~a ,h. P a Ae B. C a t ehinR a
r,~re ~ ~~,..,d William B. CaxchinRs - , ~ , ~,t. ~
e~amination by me taken ieparate and aparf from her said husband, adcnowledged ro and before me that sl~e executed said i~trument freely u~d mlvn-
~°j~~Y ~ w~thart +ny compu4'an, corotrsint, ~pprehension, or feu of or from her said Iwsband,
WITNESS my hsnd ~nd official s~a) thi. ID day of Februar A, D. 19."L.__
ary P~blic i~ and fw the State of F{orids at larp~ ~
Retum Ta: t: MY Caivnissio~ ~xpires:
First f~d~nl S~virys i losn AstociaFion Hplity P11~K. Slit! Of ~Ofidi it Vff~
Of forl Pieres. l~~;~•••••~•~ ~iJ.`~~ 2
v= f?A~r Co~noiuioa E:paes Sept. 3 196>
fort Pieice F • J. ~ 4-~'.. j: ~edN b A.«ic,. iw ~ cn..Mr G. ' ~
FILEO AND R~~ORQEO ~ -c~ .
ST. LUCIE COUNTY. FLA. = . :
RECORD VERIFIED • _ o' ~ .
152640- ~ ~ ~ _
'67 FEB I 0 PM 3:~--~ ~ -:~%-;i; ;
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rto~~+_~ rUITR~s
CLERK CIRCUtT COURT
BOOK~~~ PACE1736 f
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