HomeMy WebLinkAbout2755 1. To pl~c~ and continuwitiy kep on tM buitdings now a h~reafta s~tuats on s~id tand ~nd on ~il equipmMt ~nd p~nonaNy ~v~r~d by this matp~
ys, with al! prtmivm~ thNto~ paid in fvll, fin inauranc~ i~ the ~iu+l ~tandard policy form, i~ • ium ~ppror~d by tM MORTGAGEE. ~nd wMdstwm
insuru~ in th~ usua~ st~ndar~ policy fam. in ~ tum ~pp~oved by the N1~RTGAGEE, in s~ch company p compani~s as MORTGAGfE m~y
di?~dr ~nd all fk~ u?d wi~torm irqur~~ polidas on any of said buildinps, ~ny inte~~st therein w put thNeof, i~ ths ~pyrey~q sum ~tor~said o~
In ~xe~fs tMrwi, ~hall conlain fh~ uiwl st~ndud mortgage~ dwie w suth otF~ claus~ a th~ Mwtyagee may rpu~n. ma4inp 1M {oas u~dN uid pol} f
ci~s. ~ach ~nd w~ry. paYabl~ w taid MORTGAGEE ai in interesl maY ~ppear. and each and wery s~ch poticy si~aN b~ prompNy +u:Q~ed and d~liv~~~d to
~ny hNd by ~atd MORiGAGiE as furtMr sec~airy to said mortgs~ debt, snd, no1 leu tM~ ~en (10) days in advanc~ of th~ ~xpirotion of ~sch policy, to dr
I~ver to said MpRTGAGEE • nnewal therwf, lopetM? with ~ rece~pt for the premium of iuch renewal; and ther~ shall be ra f~~e o~ wi~ds~orm inwr~nc~
pl+c.d on ~nr oi saW buitd~nQs. any inter~~t thsr~i~ or pxt nc~reof, unleu in tM form and wifh ths lou paY~bb ai afw~taid: ~nd in tM ~v~nt any sum ~
of "~a»Y b~cana Payabl~ undK such polity p policies said MORTGAGEE ihall have tM opian ro receive and apply the sams on accouM of ths i~debted~
rssu ~tv~~d h~rtyy w p pKmit s~id MORTGAGORS ro~eceiv~ and use it o~ a»y pa~f tAtreof fw o~he~ pu~poses, without tbereb~ waiving w~mpair-
inq sny p~ity, litn o? riyht untle~ a by virtw of this motsy~ye; and in tht event sa~d MORTGAGORS thall ia ~ny reaion fail ro keep tFN qid pr~miies so ;
insured, p f~il b d~liva promptly any of uid policies of insurance ro s~id MORTGAGEE, w fail promptly to pay fvlly any premiu~n therefor or in a~y
respecf fail to pKfom~, d~scMr9e tx~cvts elfett complets, comply witb and sbids by this covenant, or any part F?er~of, ss'~d MORTGAGEE may pl~ce ~na
paY fa such lnwranc~ or any put thereof without w+iving w ~ffectinp ~ny option, lien, cq~ity, or ?pht u~der or by virtw of this Mort~sy~. and ti~e
full ~mount of ~ach ~nd ~wry such paymse?t shall be immediately dw +nd payabk and shsN bear in!ert» from th~ daq theieof un~~~ osid ~t tFM at~ ot
n~n~ PN centwn pa annum snd tc~yether with wch interest shall be secured by the lien of this mort9age.
1. To pKmit, aommit or wffa no wast~, impairment ot dcteriw+tion of said propetty w any pan thercof.
S. To p~y all uid drgular tl» cosb, charges ~nd expense~ including a reasooable attwney's fee ~nd costs of ~biaacts of titls, incurr~d o~ psid at
any tim~ by ~id MpRTGAGEE, b~csute p in the event of the failure on the part of ehe said MORiGAGOR ro duly, prwnptly ~nd fully ~,:.:inrm, d~schary~,
~xecut~, ~ffect, compl~ts, aomply with and ~blde by each and every the stipulations, agreemeros, cond~tioru, ~nd coverynn of sa~d prom~ssory note and t~is
mortpap~ any p? eitAer, and said cotts, charqes and expenses, each snd every. shall be immediatety due u~d payable: wherhe~ or rwt there be r,otics dr
m~nd, ~»empt to collect or wi~ p~ndirgj u~d the fvll amount of each and every s~ch paymem shatl bea. interes~ from th~ d~te thereof until pild N the
rate of nin~ per untum per amwm; ~nd s1I ~aid costs, charges and expenses incurred w paid, together with such iN~r~st, sh~ll b~ secured by the iitn of 1hw f
mortpa~~ ~
6. Tha~ (a) In tfie event of any breath of this Mortgaye w default on the part of the MORTGAGpR, w(b) in the event any of ssid sums of ma+ty
her~tn refKt~d to bs eot ptomptly ~nd fully paid within thirty (30) days next afte? the same uverally become due and payable, withoui tl~mand w notice, i
or (c) t~ th~ ~we~t ~ach u~d avery the sHpulations, agreements, conditions and covenanta of sa~d p?om;uwy note and ti?is mortgape ~ny w eitha art nol !
iuty, promptly ~nd fully p~rformed, dwcMaryed, executed. effected, completed, compl~ed with and abided by, tMn in ei~her or ~ny such ~wn~ tM wid ao-
preyat~ wm m~ntioned in ssid promistory note then remaining ~npaid, with intcrost acvued. and all moneyt secured. hereby. thdl become due and pay-
ab:• fa~hwiHy w tMreihs?, at the optian of said MORTGAGEE, ss fully and comptetely ~s ii all of rhe said wma of nwnay were aipir?~Ily slipulsted
ro be paid on tvch day. snylhirq in said promissory ~ote or in this Matgsge to the contrary notwith~iandinp; snd theteupon w thereafter ~t the option-of
said lNORTGAGEf, withouf no~iq ar demand, suit at I~w or in equity, therefore o~ thereafter begun, may b~ prosecuted u if all rnor~eys ftcured hereby
had rtututld prior fo ib ieqiitution.
7. Thaf ln tM ~vent that ~t the beginn;ng of w at any time pend7ng ~ny suit ~pon this Mo.tgage, or to foreclos~ it, or ro refo?m it, or fo eefap
payment of ~ny daims he?eunder, said NIpRT('sAGEE shaU appty to the Court havi~g 'ry~isd~ction ~hereot fw the appointmer?t of ~ Rete~vn, such Court shall
Forthwkh appoint a nceiver of iaij! mortpaged property ~II and singular, includ~ng all and ai~gulsr the i~, profits, issves and revenues from whatwtr
•ourt~ derlvtd. e~ch ~nd ~wry of whith, it bei~g expreuly undcrstood. is hcreby mortga9ed as if spcc;tically set fwth ~nd describ~d In the qran~inp and
hab~ndum tlauies hsreof, ~nd such Receiwr ahall have all the b~o~d and effective funct~ons and powers in snywise cntrusted by ~ Covrt tp a Reteiwr, ar~d
~uch sppoiMm~nt shatl bt m~de by sucf? Court as an admitted equity and a matter of abwlute righl to said MURTGACaEE, _~~d without reference fo tM
ad~quacy or inad~qwcy of thf wtue oF the {xoperty mortgaqed or ro the sotveocy or ;nwlrrncy ol said MOAiGAGOR or the defendan», snd thaf ~uch
renq, prpfits, income, iuues and nvenues ahall be applied by such Receiver sccwding to the lien or equity of s~id MORTGAGEE and the prsctice of wch
Court.
8. To d~ly, prornptly u?d fuqy per{orm, diuharge, execute, effect, compkre, comply with and abide by rxh ~nd every ti» stFpulalions agrs~ments,
conditioro and coven~nb in uid promiuwy note and this mortgage sef forth. ~
9. That in th~ event the ownenhip of tl,s mortgaged premises. or any part thercof, becomes vested in • pason other th~n the MORTGAGOR, th~ ~
MORTGAGEE, Hs succeuort ~nd au"~yns, may, without nmice to the MORTGAOR, deal wifh such sucussor w sucptfor in intere~t with refertnce lo this ~
mortg~g~ ~nd the debt hersby setured in the same manner as with Mortgagw without in any way vitiatirg a discharying the Mort9sgors' lisbility htrt t
under or upon tM dabt hereby secured. No sale of the p~emises hereby mongaged and no fwbtarance on tM pan of th~ MORTGAGEE w it~ wctesson {
or assipro and no extension of tiie time !o~ thr paymenf of fhe debt hereby setured given by the MORTGAGEE or in succsssors or ass~gro, J~all operat~ ~
to rolease, disthtrqe, r~wdify change w affect the original liabiliry of the MORIGAGOR herein, either in whok w in part. ~
10. It Is specifiully sgreed tMt time is of the esscnce of this contrad a~d that no waiver of any obligatan hereunder or of ths oblipation s~- ~
cured hereby sh~l! •t eny time thereaher be hekl ro be a waiver of t}rc te.ma hereof p of the ;nstrument secured herby.
11. !n addition fo the forego:ng monthly payments of princ'pal and imerest required by the promissary note secured hereby, mutgagor covenanri ~
and agrees to pay to mortgagee with each monthly payment an add~rional sum est~mated by mortgagee fo be equsl to 1~12 of the annual tost of the follow-
ing:
A-All real property taxes kvied a suessed agai~uf the above described real estate.
B-Premiums on firo and windstotm insurance as herein requ~red to be wrried on the improveme~ts situate on the above desuib~d premises.
C-Premiums on suth mortgags guaranty insurance as mortgagee shall from t~me to time deem fit to carry on the loan secured hereby.
Mortpsgee shall from time to time notify mortgagor in writing of fAe amount due and payable hereueder and such sum shalt therevpon be dve and
payable on the due date of the next monthly payment and each successive month thereafter urtil mortgagee shall notify mortgaqw of s change in such
amount. Such sums shs11 be applied by mortgagee toward the payment of real property taxes, i~sunrxe prem:ums, and mortgage guaranty insuranct
premiurrK.
IN WITNESS WHEREOf, the sa3d MORTGAGOR has hereunto ut his hand and seal the day a ye~r fint aforesaid_
~ Sipn~d, S~ate e deliver in the presence of:
v
•n
n
n
K--~
STATE OF PLQRIDA `
i ;
courmr oF St. Lucie ~ ~
i, Befort me ptrsor?~Ily app~arcd John F. C a sne r ~
E _ P 8 t I' ~ G ~ 8 A C a s n e r his wife, to me well known and known to me to bs `
i the ind~vdwls dewibed in and who executed the foregang instrument, and edcnowledged before me that t1~ey executed the aame for the purposes s
rherein .xa~,ed. a,a rti. P a t ri e i a A. C a s ne r
wile of tF» said - JO~1T1 F C a ane r „p,,, ~~rate and priv~t~
examination by me taken teparste and apatt from her seid husband, adcnowledged to and befo~e me that ihe executed said irutrument freely and volun-
terily u~d witMoW u~y compulsion, constraint, apprehens' feu of or from her said husband.
WITNESS my hand and offiaial ~ea! this day of A D. 19_st;~
~ ~ ~
r
-~"t"'l;ilSll;i~;~! ~
Notary ~c in e fer the State of Florids at lar~s
N+ :wn Ta My Comm~uan expires: ~
~ ~ ~ps d. losn Associstwn
! 1 1 ~rt Pierce. ~Yi cc ' ef CAkSE
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~ -oe. Florida ' ' j ` ' Ji. 2~, 1968 • Q - ~~~,i;
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