HomeMy WebLinkAbout2440 To plaa and conti~wouily kNp on tM buildinps now or here~h~r sitw» on said lu+d snd on all aquiprMM ~nd p~non~lly cove~~d by thia rtart¢
p~, with ~11 peeniums thK~on p~id in futl, fir~ insurance in ~he ~swl :tandard policy fam. M• awn ~pprowd by th~ MOR~GAGEE, ~e~d windsto~m
insursnc~ In th~ vawl ~qnda.d policy forn~, in ~ tum ~pproved by tM AhOItTGAGEE. In ~uch company or compani~s +s MORTGAGEE ~y
(Ii~Kti and all fin and windswm+ iniwanos policies on +~y of faifl b11i1<Ii1gl~ ~ny {11fftNi fAHQif1 01 pi/f tMflpl, M tM apQrs~~~~ sum afp~said a
1n ~xefq tlMnof, ~hall conqin th~ ww! standud mor?psgse cl~us~ w such otl+K clsus~ u th~ INort9sy~o m~y rpuir~. m+kie+p tM loss undN said pol}
c~e+. ~+ch u+d ~vtry, payabl~ to s~id INORTGAGEE ~s its i~terest may +pp~ar, ~nd each a?~d every such poliq slull b~ promptly ~ts:yned and al~livered ro
•oy Mld by s~id NW~TGAGEE as fw~Mr s~cwiry ~o s+id marpaps dabt and. not l~ss ~Mn ~M AO> d~ys in ad~anu of ~M ~api~~tion of ~ach policy. to dr
I~~•r ro wW MORTGI?GEE • nrnwal tM?wf, tope~Mr with a receipt fw the pr~mium of ~~ch renswal; u~d tht~~ sMll b~ no fir~ w windstwm Gu~rana
pl~c~d on any of said b~ildirgs, any interesl ther~i~ or put the~eof, unlca in th~ form and with tM lou payabl~ as aforts+idt and tn tM ev~nt ~ny wm
of moMy b~roe,M payaW~ u„d~, wch polky or polic;es s~;d MpRTGAGEE shall Mw ~h~ oprion to receive and ~pply tM s+m~ o~ +ccounl of tM ind~bted
nesa Ntw~d AN~by p~ q p~enif s~id MpRjGAGORS to reteiw ~nd uss it or any parf thereof fw other pu~poses, without thaeb~ waivi~~g o~ impair-
t~+y any puiry, ti~n a rqht und~~ or by virtw ai tha mort~aye; and Fn the ~van said 1NORTGAGORS shall fw ~ny rea~on fail to keep ~he ~sid prernises w
i~sured. or fail b d~livN promptly iny of said policies of i~rurc~ to said MORTGAGEE. o~ fsil promptlY to par fvlly any pnmium therefw a in any
r~~p~et fall to p~forn~, diseMrp~. ~x~evt~. ~ffeet. eomplN~. oomptY wi~h ~ed ~bid~ by this eov~asnt, or u~y part hrraof, aaid MORTGAGEE may plau and
P+r f« wch kaw~ w iny p~rt th~rwf without waivinp a~ff~ctinp any option, Ikn, eqvity, a r'yM u~ or by vinw of thii Mwtqsp~, ~nd the j
full unoueu of ~ach ind ~wry sueh p~yernM sMll b~ immedi~t~ly dw and pay~bl~ and sh~ll be+r internl from th~ dat~ th~reof w?til paid at tM raN of {
n~n~ P~t antwn pK anwm ant! tog~thsr with wth interest shall be ~ecvred by tM lian of this mort~a~.
4. To pKmit, commit a svffa no wsst~, lrnpairmer?t a deterior~tion of said property a any put thereof.
S. To pay ~II aed sirgulsr tM cosb, charpes and expenses, indudinp a reasonabk +norney'a fee ~nd cosn of ~bst~acts of tiN~, incur?ed w paid ~t
•ny tlme by said AI1pRTGAGEE, bu~se a in the tvsnt of the failure on the pan of tF?~ s~id MORTGAGOR w duly, promptly ~nd fvly perfam, dixharqR
execut~. ~fhtf. oompl~b, oomply witb and ~bid~ by each and every ths stip~rlat~a?a, ayteenxnq, conditiont„ ~nd oown~nri of said promissory note ~r~d this
^+~4+0~ ~Y w~itlw, and s~id cosb. cMrqes ~nd exper+ses, each and every, sFw~l b~ immedia~~ly due +~+d payabl~; whe~her a oot then be noriu dr
rnand. ~ttampt to aolktl w wN p~ndinps u~d tlw full snwunt of each end svery avch p~yment shall bear int~r~it from 1M dat~ tF?Keof uMil paid ~t tM
rate of n(nt per centum per annum; ~nd ~II said costs, chuQea and expenses incvrttd or pakl, together with such iMKat, sMll t» s~cvred by tM IIM of this
rTMt9~' i
6. l}wt in t!~ ~vMt of any lxsach of this Mortyspe a defavtt on tlr p+rt of ths MORTGAGOR, or (b) in tf» ~wnt ~ny of s~~d wms of moMy ~
he»In nhrr~d b b~ not promp)ly •~d r„iy Pa~a within thiry (30) days next afrer the same severally becom~ dw and payable. without d~m~nd or ~otic~.
or (ra In th~ ~wnt ~sth a~d ~very tM stipulatioos ~greemanta, conditions end covenanb of ssid promissory note ~nd ~hia mortyay~ any o~ ~ither are no! ~
iufy, promptly ~nd fvlly p~rformed, discFe~ryed, e:ecuted, eifected. compl~ted, compl~ed wirh ~nd abided by, tMn in ei~her or ~ny such ~vent tM a~id sQ~
prsyat~ wm mu~tion~d in s+id p?omiuwy note Ihen remsininp unpaid, with interest xaucd, and all moneys secur~d_ het~by. shall bstome dw ~nd p~y~
abt• forthwith, p thertsft~r, at tM option of siid MORTGACaEE, a fully ~nd comptetely as if aN ot the taid svmt of monty were o~iyin~lly stipul~ted
to be paid on ~uch d~y. ~nythlnp in s~id promissory note w{n this Mortgs~e to th~ comr~ry notwithst~ndinp: ~nd therwpon w the~esha st th~ option of
~.id MORTGAGEE. withow ratic~ w dsmand, suit at law w in pvity, therefore w thereaftcr beQvn, may b~ praecvtd as if all money~ ~ecwad htrsby
had mttw~d p~ia fo iri fi»titution. !
»
7. TMt in tM went th~t ~f th~ beginnirg of or at aoy time pendiny any wit upo~ ~his Mo.tg~ge, or to fonclose h, w to roform H, or to enfaa ±
payment of ~ny daimt herwnder. s+id MORTGAGEE shall apply to the Court F?~virg jwisdiction thereof for th~ ~p~wintment oi a Receiwr, such Court sF?~II ~
forthwith ~ppoinf i nceivN of sa' mprtpaped p~opQAy a~~ and singular, Includmg all and singvlar fhe income, profits, issws and rewnves fran whatev~r
wurc~ d~rived, eath ond twry o~which, it beinp ~xpre»ly undHStood, is hereby mortgaged u if specifiplly set fwth ~nd deKribed in the 9wnfinp and !
habendum daw~s hereof, u~d suth Receiwr shail have ~II the broad and effective fynct~ons and powers in artywise entrusted by ~ Co~rt ty a RepivK, u?d ~
such appointm~nt ahall b~ mad~ by wch Court u ~n admitted equity and s m~~te~ of ~bsolu~e ri9ht to said MORTGAGEE, ~nd wi~ho~t refer~nce to tM ~
adsQuacy o? insdlqW~y pf tF?e valw of the p?operty mwt9sged or to the sonrency a insotvency of said MORtGAGOR or the defendants, and that such ~
rrnr:, proffts, Incoew, iuws and r~venues sh~ll be applied by such Receiver aaordinp to the lien or puity of uid MORTGAGEE a~?d the pra4lis~ of such
Court.
B. To dv1y. prompry ~nd ful ~
ly pe?form, d'iscl?~rgs, execute, effea, complete, comply with and sbide by each ~nd ~vsry tlw atip~latio% ayrsan~nts,
conditions and eover,u~n ;n .,;d pro,nysory ,ate a„d fhu mo~tqage set forth. '
9. 7hat In th~ ewM ths oMrn~rsbip of the mortgs~ed premaes, w ariy part thereof, becomcs vested. in ~ p~non othe? than the MORTGAGOR, tl»
MORTGAGEE„ ift wcqapn and sas;qns, may, „v;thout ~otics to the MORTGAOR, deal with such wu~~ssoa or Mxc~ssw in i~tere~t with refnence to th~
morry~~ ~ th~ debf hereby aeNr~d in the same manner as with Mo.rgagor w.thow in any wsy vitistinp w d'ncharg~ng tlw Mwtys~o~s' liabiliry hcr?
under w upon th~ d~bt her~by secured, No s~1e of fhe premises hereby matgaged ~nd no fab~arance o~ the p~rt of tiN MORTGACaEE a in s~ccesson
or a~sipns and no eztension of the t~me fw the paymem of tF+e dcbt hereby secured yiven by the MORTGAGfE or its sucuswri a ss~igns, shall opa~f~
?o releafs. disch~rp~ modify chang~ or affect tF~e wigin~l ti~biliry of the MORTGAGOR herein, either in whole o? in put.
10. It b specifiully apreed th~t time i~ of .tl~e essencq of this contact ~nd that oo w~iver of ~ny obligatwn herwnder o? of th~ oblip~tan ae~ ~
wrsd Mreby shall at ~ny time thereaher be held to be a waiver of the terms he.eof a of the instrument secwed hKby. ~
I1. In addition to tFx fwego:ng monthly payments of princ'pal and interest reqvired by the promissory note secured hereby, rtwrtgagor townantt
and agrees fo p~y to mortgagee with each monthly payment an additional sum estimated by mortgsgee to ba eqwl to 1/12 of the annual cost of tha follow-
~ng:
A-All resl property taxes kvied or assessed against the above described resl estate.
8-Premiums on firs ~nd wind:torm inswarcce as herein requ~?ed to be, urried on the improveme~h situate on the above desvibed premi~es.
_ C-Premivms on such mortyags ywranty insunnte as mwtgagee shall from time to time deem fit to carry on the loa~ secured hereby.
Mwty~gee ihaU from time to time notify mortgagor in writing of the amount due and paysble hereunder ind such wm shall tF?ereupon be due and ;
pey~ble on the d~e date of the next manthly payment and each successive month thereafter until morigagee shaJl notify mortgagor of a chsnge in such
amount. Such sums ahsll be applied by mortgagee toward the payment of real property taxes, iruurance prem;ums, and morfgape 9uaranfy inwr~nce
premiums.
IN WRNESS WHEREOF, the said MORTGAGOR has he?eunto set his hand and seal the day ~nd y~ar fint afwesaid.
Sipm S Id and liv~red ie tM presence of:
4
•q
~
~.q
STATE OF FLORIDA ~
' counrnr oF St. Lucie
F
' gefare me p~rsona~~y ~pp~a~ Jame s R, Me le y
and
i Ma rga re t M81631 h;s wife, to me well k~ww~ snd known ro me to bs
I rhe individwb deicribsd in and who acec~ted the fore9oirg instrument and adcnowkdged befwe me that they executed the same fw the purpases
` ~ Msr a ~
r thereio ~xpresrad. /1nd tFw p~d_ ~ ret l~a ley
~ ~~r~ of th~ .+;d Jame s R__Ma ley ~ upo., , seps.,te ,nd prlv,r.
: e~camfnaYan by me taken ~epsrate and apart from her said hvsband, acknowledged w and bcfore me th~t she exec~ted said initr~ment freely and wluo-
; rarily and withart any oompulsion, constraini, ~pp?eF+er~sion, er f sr of or from her said husbsnd.
; WITNESS my h~nd u~d official seal thi• ~y af ebrua
/l. D. 19~
wsry Public in a~d for the State of Florid~ ~t Larps i
Retum Ta ~:?~.rr,,My Commissan ~xpires:
Fint F~det~l Savinps i loan /lssotiatiw~ '~r, .~~:,',)r~4 ~ (~Olary PtI~K, sti1! O~ f~Otldi L! ~Dfs_
Of Fort Pierce. 4~%• : UAy Coa~missioe Expi?es SeDt. 23. 1969
Fort Pieru. Fbrida ` Ci•••• ~ b.ae N ww~i~« i:. a c...+hr a.
~ FILED ANO RECORDEO ' : ~ = - ~ ~ r : ~ ~ ~
~ ST. LUCIE COUNTY. FLA• : . ` : ` i
RFCORO VERIFIED ~ ~ = 1- :
• o ~ ~ -
-L~(~0 ' .
` 3
~ '61 FEB 28 PM : ~ ~ ~ ~''~-f: z' ~ ~ ~
~ , ~
~
' ~:O~Er~ i'OtTR:,S 8001(~~~ ~1~1'.E2~~
~ CLERK CIRCUIT COURT
~ . . 4 ~i~_
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