HomeMy WebLinkAbout2556 S. To pl+a u~d contLwiously kNp on th~ buildinps ~ow w hKeafta utu~t~ on said lud snd on all pvipmeM ~nd p~rwQ?+Ih oow*~d bY th4 na~q'
p~. with all pr~mivm~ therwn p~id io fvil, fire insurance in ~M ~:wl s~+ndard policy form, in • swn +pprowd by tM MORTGAGEE. and wind~tonn
inswa~o~ in tM uswl ~tuid+rd pol~cy fam, in a ~um ~pprov~d by t1w MORTGAGEE, in wch company o~ comPu?Ns tM MORiGAGfE m+Y
dinctj ~nd all fin and wmdstonn insur~np policies on any of s~M buiWc~ys, any inr~.at tFw~ein w put tMrwf, in tM apgr~y+a sum ~fore~aid a
in ~xa~ tl+Nwf, shall contah~ th~ vawl standud mafgapee clsuse or such ofF?e~ cls~w ~s tM Matp~ee may rpu~n. nuYh+p tM loss w~d~r ~+~d Pdi~
ci~s. Nch and ~vKy. WY~bM to said MORTGAGEE at ib interett en~y ~pp~+r, ~~d eacA and ~very iuch po~icY sh+ll M promP~ly ~u:pned ~+d dtliwr~d ro
any MW by s+id AAOR1CaAGEE ~s funha acurity ro s+id morfpap~ debt. snd. not I~ss tMn te~ (101 daYS i~ adv~nc~ of tM ~npiration of ~~ch policy. ro dr
liv~r 1o said MORTGAGEE ~ r~wal tl+K~of. to~tMr with ~ rec~ipt fw the p~~mium of sucf+ ?e~w~l; and 1Mn sh+ll b~ ra fk~ o~ wit+dstam inw~~nc~
pl~c~d on u~y of ~aid buildinp~, ~ny interat thu~in or put ~hereof, unku in th~ form and wi~h th~ loss paYabh as ~for~s+id: ~nd in tM ~wnt any win
of mon~y baams p+Yabl~ w?d~ wd+ Po1kY a Pd~ ~RTGAGEE shail Mw ~M optio~ to r~uiv~ and ~ppty ths s+m~ on ~ccovn~ of tM ind~bted~
neu sKw~d FNnby w to pK~nit said MORTGAGORS to nteiw snd use tt a any part theteof fo~ othcr purposes, wi~hovt therebr w~ivinp o~ imp~k-
ir?y any puiry. lia+ a r'ph~ unde. o• by v~w of ~his mon~+~ej and in ~1,. .venr wd MORTGAGORS •h+tl fa any ~easa+ f,il ro keep ih. s+W p?.mis.. ~o
inaurd. or f~il b dtlivu promptlr any of said politiq of i~?suranu 1o said MORTGAGEE. w fail promptiy to pay fully ~ny prtmivm tF~efot or in any
re~p~ct fail b paforn~, diach+rp~. uc~cvM. tffect. oort~pl~te, complY with and abid~ by this ~v~nt, a ~ny put F+~r~of, ~sid MORTGAGEE m+y pl~ and
paY fa tuch Inwantt or ~ny part th~nof without w~ivi~+p w affectinp u~y opYia+. li~n, puity. a riphl ~ndK a by virtw of this Mwtpap~. and th~
full arnovnt of ~ach aed ewry wch paym~nt shail b~ imnxdi+roly dw snd psyabl~ and ~fwll b~ar interest han tM dat~ thuaof w?til paid at th~ rat~ ot
nir?~ pN a~tum p~r M+nwn and together wi~h such inte~rest ~hall be ucured by tM lan of this morty+~.
To pKmit, oonvnit or suffu no wast~, 4np~Gment a deteriwation of said property or s~y p+rt thtreof.
S. To pq? tll and siepular th~ cotri, charpes ~nd expernes, includiny s reasonable ~ttwney's fee ~nd oosri of ~bstr~cfa of title, i~xvrc~d w p+k! at
any tim~ by said MORTGAGEE, b~cavs~ or in th~ ~va+t of tM f~ilure on the p~rt of the said MORTGAGOR ro duly, promptly ~nd fvlly psrfwm, discha~
•xecvt~. ~ffect. oomPkte, oomplY with and ~b+d~ by ~ach snd every ths stiput~~ions. +proamenrs. coodi~ions. •nd oo.wunn of ~aid promiuory not~ and thw
mwtyp~ My pr «tF~. and ssd aost~„ tharq~s and ~xpenses, each ~nd every. sF~all b~ knm~diately due ~nd p~yable: whetlKr w~wt tlwe b~ ootict d?
mand. ~tt~mpt to oollact a wit p~ndinp~ and tM fvll amount of each and way wch p~Yment ~hall bear intK~~t from the dat~ tMraof until p~id ~t tl+~
rate of nIM ptr ca?tum per uinum; aod ~II said c~ts, charyes snd expenses inax~ed or paid, together with wch tn~tr~at, aMll b~ s~cund bp th~ li~n of thi~
^+crtp+pw
b, TMt in tM ~vMt of any brNtl~ of thit Mortg+pe w defwlt on 1M part of the MORTGAGOR, o? (b) in tM ~vent any o~ s~~d wms of mawr
Mnln nf~rnd to b~ not promptly and fvlly paid within thirty (30) days nex~ after the same severs~ly betoaN dw ~nd pay~W~, withoul dKn+nd w notite. ~
or 1~ tM ~wnt ~ach and every tM tHpulatioea, ag~eements, condiYwnt and covenanri of said promiuory oote ~nd this matp+~ a~r a aths~ an nol
iuly, promptly ~nd fully pKfamed, d'acMr~ed, executed. effected, completed, complied wi~h ~nd abided by, th~n in either a any avch ~v~nt tM said
pr~yah wn1 mention«! in s~id promissory not~ then remaining ~npaid. with interest acvued. .nd all moneys setured. hai~by. ~MII becne~ dw and p+p
able fo?thwith„ a th~r~ahM, at tM option of said MORTGAGEE, ~s fully and completely as if sll of the said suma of ma~ey wen orpir?dly stipulat~d
to b~ paid on wch day. ~nythinp in said p?a++iuory eote w in this Mortgage to the ca+trary notwitFnu~dinp: +nd tMrwpon w thereaha al the option of
~aid MORT~3AGEE, without ratic~ or demand, wit at I~w or in puity, therefore or thereafter be9un, maY b~ pro~etut~d a if all ma~eys s~wnd Mttby
h.d mNVnd prlor ro in imtituNo~.
7. That io tM ~v~nt tMt st the bcyinninp of or at eny time pending any wit upon this Mwty~ye, or to for~dose it, w to nfam it, a to ~nfora~
paym~nt of any dainr Mreunder, uid 1NORTGAGEE shsll ~pply to the Couh having jurisd7ction therwt fw th~ +ppantmant of a Reteiver. svch Co~n sMll
forfhwNh appoint s nc~iw~ of sa' mort9+~ed property ~II and sing~l~., includmg all and singular the incom~. profin, istua ~nd r~wnues from whatw~r
wuru d~riwd, aad~ N?d ~wry o~wl~~ch, it bei~g ~xpressly unders~ood, is hereby mortgaged as if ipec:ficalty ut forth and dewiMd in tl+i pr~ntirq and
hab~ndwn dawa Iwrwf, u~d such Reteiwr shatl Mvs all the bro~d and ef(ective funct~ons and powers in a~ywise entruited by ~ Coun tp a R~ceiv~r. ~nd
such appointmN?t ~hall b~ made by s~ch Court as an admitted eqvity and a matter of abso~ute :ght to s+id MORTGAGEE, and without nierent~ ro Nr
adpuacy p in+d~qwcy oi the valw of ihe property mwty+ged or fo the sotvency w~nsolrency of ~aid MORTGAGOR or tha d~fend+nn, and thaf such
renta, profib, 4KOm~, isiuet and rsvenues shall be applied by such Receiver accwdirp to the lien a equity of s~id MORTGAGEE and the practiu of wch
Coort.
8. To dvly, promptly ~nd fuly perfwm, d'wcharpe, execute, effect, corrplete, comply with and abide by esch ~nd ~vay the stipulatioru, apra~n+~MS.
conditlo~s and ooven+np in s~id prombsory note and ~his matgage set fwth. .
9. Th~t In tM event the ownership of the mortgayed premises, w any part thereof, bec«nes vestd in a perwn otha~ tMn tht MORTGAGOR, tM
MORTGAGEE, Hs uxusson and assiyns, may, without norice to the MORTGAOR, de+l with such wccKSw w succ~ssa in imerest wi~h MfKMKA to this
mortyap~ ~nd tM debt hereby secured in tM sams msnner as with Mortgagor without in any way vitiatinp or d~xMrying the Mwt9spora' liabiliry htrt
under or ~pon tM d~bt hKeby secured. No sale of the premises hereby mortgaged and no fabeswnce on the p+~t of tM MORTGAGEE a iri s~ccessors
w+uiqns and ra ezrensan of rhe rime for tF?e paymenf of the debt hereby secured ~~ven by the MORTGAGEE w ib sucustors or u~iyns, shall opaat~
ro r~leas~, difcharps, nadify thang~ or affect the wiginal liabil'~ty of the MORTGAGOR herein, eitFKr in whok or in p+?t.
10. It i~ specifiully ayreed that time is of the euence of this contrad and that no waiver of ~ny obl'~ation hereunder or of tM oblipation tr
cured Mr~by sMll ~t ~ny time thereafter be held to be a waivcr of the terms hereof or of the ir?itrument secured herby. +
11. In addition to fhe fwego:ng monthly paymeMS of princ:pal and interest required by tF~e prwnissory note secured hereby, morfgsgor townanb
and ayraes to pay to mortg~yee with each monthty payment an addirionsl sum est~mated by mor~gagee to be equ+l to 1/12 of the annual cost of ths fdlow-
ir~:
A-AU re~l properry taxes kvied or assessed against the above described real estate.
B-Premi~ms on fir~ and windstwm insurance as hcrein requ~red to be wrried on the improvement~ sitvate on the above desaibed premEses.
~ ~-Premiums on such mortpsy~ gwranty insurance as mortgagee shall from t;me to time deem fit to c+rry on the loa~ setured hereby.
~ Mortg~ye~ shall from time to time notify mortgagor in writing of the amount due and payabk hereunder and such wm :hsll thereupon be dve and
paysble on the due date of the next monthly payment and each successive month thereafter urtil mutgagee shall notify mortgagor of a charp~ in such
smounT. Such sums thall bs +pplied by mortgagee toward the payment of real property tsxes, insurance prem:~ms, and mon9~9e 9~~~h ~^i~~~~
pre '
IN WItNE55 WHEREOf, tM s+id NIORTCaAGOR has hereunto set his hand and seal tM day yesr fint afor~
$ip i pte of:
~
. ~ aq
. ~
~
~n
STATE OF FLORIDA 1 +
COUNTY OF $t _ T,11C1@ j ~ '
James A. Rice .~a i
deforo me person~lly apFesred
Lelaine B. Riee his wife, to me well krawn and known to me to b~ ~
the individwb dsavibed in and who executed the faegoinp instrvment, and sck~wwledged befwe me that they executed the ssme for the pwposes '
~?~u~ .~..~a. ~~,a r?» .~~a Le 1 a f n e B. R i c e ~
;
wifs of tM aid James A R~GA ' , upon • separ~te ~nd privata ~
exsmination by me taken sepante snd ap~rt from her said husband, ack~owledged to and before me that she exetuted ssid instrument freely and vot~n-
rarily ~nd withaA u?y compubio~, caatraint, ~ppreF~erwion, or fear of or from her said husband. ;
WITNESS my hand ~rd official te~l thi. day of Ma rch A D. 19~ ~
- - Natary Public i~ s~d for ths Stste of Horida at Larp~ j
```,`~M1~i{171~~. , Ir ~ My CWNf1iillOfl fllplfti:
itetwn T« ~,~r.~?"_ t,~otsry P~bfit. St~te of Fbrida at luqe
Flnt Fadera) S~vinq~ i Lou~ Associ+t~on ,,.,4:
Of Fort Pierce. ~ ' . , ~ :.:r ~s Se~t. 23. 1969
Fort Pierce. Fbrida ~ v~~ b.d~e y A.ulw fjw i Gswy Cg
pEp~ - Qf^c:.sa . -
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