HomeMy WebLinkAbout0700 To pbce ~nd oontYMw~wly kseP on the bu~dw+pa naw a Iw~ahw s~ruw on s+id land and on ~11 ~nNM ~nd pMSawlh? oawnd b1? ~~s ~orq~
p~, waA aN prm~wns Nwean pwd In ful~ firr iinwana in th~ ~sual a+ndard PdicY fonn, h• sua~ approwd b~r th~ AAORiGJ?CsEE. and windtwm~
iraur~a tn dr usu+l sund~rd policy forn~, in a sun. +ppw+d p1? tiw MORTGAGEE. in wd~ comp+nY or oomp~^ia ~a th~ MORTGAGEE nwy
dina~ ~nd all fir~ and wir~om~ iiawaew polic~es on ~ny of wi~ buiWinpL +~Y Y~Nnst fMrek+ o? p~rt tlNnof. h 1ht appnWN ~wn afa~aaid a
In ~xaa ~M~wf. M+II aonain Nr uMr+1 standard ~or+p+p~ ci~uw a such o~M~ dw~ as M» Mo~t9+p~ n++Y ~~^Y tlw los~ w+dM said pol~
cie~. ~ich aed wKV. P~Y+~M lo s~id MORTCsAGEE ~s ib inlsrest iwir appw. and NcA and ~vMy wch poticp ~hall M Won~PMY ass+p^~d ~^d ~tivK~d 10
•ny Atld b~I said MQ(tTGAGEE as fwtMr ~ecwity ~to s+id mwty+~ debt and. no~ las M~n 1sn (10) days in sdvana of tM ~xptration of ~ad? policY. 1o dt
liver b~id MQRT(,~AGEE •~wal thereof. toaHMr with a?ae~ipt ior tht pnTiwe oi wd~ ~«~swali aRd ~11 b~ no fin a windilam Intwana
plaad A~1 M~y ai i~W buitd~s, ~ny intenst 11+K~in or part tl~erwf. unlas in the iwm and with tM loss p~YaW~ ~s ~tor~satdt ~e+d in 11N ~wmt ~e?y swn
of mwNy baoeMa p~r~blt wid~r wd~ poliey or po4ei~s s+id MORTGJ?GfE shaN Mw rM option fo ~eiw ~nd ~pply tlw swn~ on ~ooow+t d tM ind~bt~
neu Na+nd Mr~bp. w b pvmil said JMORTGAGORS w~eceiw ~nd us~ i1 0~ +~Y P+~ ~rwf fa other pwpow~, without tMr~b~ waNin~ a impain
+~Y ~b. Wn w ripM ~ndsr w b~r virtw of tM mort9apR; ~nd in th~ ~wet ssid N?OItTGAGORS sMll for n~+w? faq to ke~p t!w wld pr~eniws w
inswed. w fait to deliwr P?~^Mh? ~1l of ~aid policies of ~..~+c. a.~~d Mortte~?c~~. a f,a ~o~dr b wr w~N «w w«n~w~+ r~+a•t« a in ~n~r
respstt faii 1o pulo.nti drsd~ary~ ~:sw~R ~ffatt, aompl~t~, eanply with and abid~ by Ntis towe+nt, ar ~n~l paA Mt~of. ~W MORTGACsEE m~y plac~ aed
P+Y far wd~ iwKanct or part tl+aeof withoW waivirg ot ~fhtlinp ~n~? aWion, liu~, pu~h/. a rip~M u~~d~t w by virfw of thls Mortp~p~. and fM
full aenowM of e~d~ and ~v+ry wd~ WYm~^t sh~U b~ inne~~ely dw ~nd payaW~ and slyll bw &M~raf fram tIN dah the~eoi until paid at th~ wN oi
nine pa aM~rm pM wrNwn ard Ioye~her with wth interest shilt be aettxad by th~ G~n of Miq ~orl(1p~•
1. To p~mit, mneit ot wff~r ~+o w~sN impiirms+~t ot deteriwation of said prop~rty w+^Y Parf tF~wi.
5. To pay all and sigula? Me eoaa. elMr~s +nd expe~rti. inckr~inp a es~~awbb st~oe+~ey's i~ am! aotts of abstr~eq d Htb. incwrrd a p~W it
any tin» by wid MORTGAGEE. bc+ua~ a in tlr w~nt of the failun on th~ part of th~ said AiIORTGII<'rOR b dvfy. PromW~l? ~nd fiilll? Pafonn, d'aciw~q~
exen,ra effea. oomPkt~. oomplr with and ab:d~ by e~ch and evay the stipul~tiora„ +p~eements. coal~tions. ~nd aown+nb of said pomiswry ra» ~nd this
ma~4+~ +~1? a arM.. and a~N! aoa~s. clwpes arw! ~:pen~e~, eac~ and every, sh~ll b~ inwned'utely due and payablet whethe~ a not thsn b~ notia d~
mand, stternpt w aolkd or wat paidugr a~ed th~ fult ~wue„ of ~sch and ewry ad~ p~y~ shall bea. inahat fran th~ daN NK?~of w+Ml p~ld a1 tht
.atc of iw~t psr o~wun~ per atr+un~; ~nd all s+id cos~s. char9~s snd exPe^ses inuirrod ot p~id. topulw with sucb imwsy sb~ll b~ acw~d bp fM li~n of th4
",ort~+p~.
6. Th~t in the eveM of any breach d Hws Mort~sye or defa~rN on the p~rl oi tM MORTGAGOR. or lb~ in tM ew~t am? of aid wms of mo~ry
he.ei~ r~fe~r~d to b~ not promptM +nd fyt~v P~id with~ th~.ty (30) days ne:t ~fter the sarne aever~tly becan~ due and p+yablt. wtlla~rl dsmH?d o? notia.
or (c~ h th~ ~vem e~cA ard ewry th~ stipulatiom. +9raanents. conditions ~nd aova»nq of s~id promisso~y nWe and this matpap~ s~? a ~itlw~ an eo1
i~H, pra~pth and fi,tb pwf«~mad ~~d e?~~a+~+d. e4(scted, c~P~ ~ with snd ab~ded bv, tMn in ~itMr a«w wch ~wn1 tM s~id ~ -
9.~n ~m~d ~ ~a a~.«r ~w~ .«~o ~»~a. ~ w~ .~~.a. .~a .u ~w~.ri .«~..a i+.~.br. b.oa+» dw .~a ar
able forthwith, a tlweafia. at the opt~an of said MORiGAG~, as fvlM ~rd oow~pk~et~r as if all of Nw said wms of mon~y vinn a'p'uully ~tipubttd
ro be p.id on wd~ dry. snythirg in ss;d p.om~u«y non o. in this Morq~e w tM co~tnry naw~thsts~+d'ugs and tlw~upon or tMt~aft~. ~1 tM opYwn of . -
seid MORTG/1GEE. withoul nWite or demard. wit st law w in puiry, ttier~or~ or Meteafrer bepu~, e++Y be Prowwted as if ail mOneyt secvtsd l~teby
had manx~d prar w ns irrtitutior~ .
7. nut in N,e .w+~t rhat at the begi~ng of or .ny r:ee perdkg arnr wit upon this Nlo.q~o. « so far.clo.. h, or w.efam B. o. a.niwa~
payment of u~y dairm herew~de?. s~id MORTGAGEE shall ~pply w the Caut h+virg juradrctan thereof for the ~ppoimmMt of ~ RKeiwt. wth W~+rt sh~ll
fortfiwith ~ppoint • retciwr of said mort~aged propertY all ~nd singvl~r. indud~^4 ~t1 and airguls? the intwn~. Profits, iawi Md rlvM~»s from what~wt
sou.u d~rived. each and every of wlud?, it beinp acpresslY wders~ood, ts hereby mo.ty~ged a if specifiuty a~ fath snd d~wib~d in the p~~ntinp and
habeodixn ~Isuses hereof, and such Reuiver shal{ Mvs aIl the broad ~nd effepive furw~au and powers i~? ~nywise ~ntnnted by a Caxt ty ~ Rsoti~. ~nd
such sppointmem sha11 be made by wd~ Court as an ~dmirnd eqvity and s e+atta* of +bsolute right b said MORTGAGEE, and without nfenna 1o th~ ~
adequ~cy a insdequac~r of the value of the proputy nw.tpaped or to the ~ohrencY a~~~11 of wid MORTGAGOR a tM d~f~ndanta„ and that wch
rents. Profits. inowne, issues ~+d revem+es shall be appliod bp wd~ Rteeivet aooord'mp to th~ lien or puity of ssid MORTGAGEF ~nd tM practiq of sucli
CovA.
e. To duh?. w«~wrty ~,d s~~h? v~am. exeate, eHect, oo~~pte~e, comply w~th ud abid~ b~r ach aid w+rY th~ stipulatio~a. +prsarwn».
condit~oru and oovenants in s~id prarnissory nott snd ths A?ortyay~ set fath. ,
9. 71+N in ths erarr ti~e o¦vaership af ~he morqsped Pe~ma~s. a? a^Y P~t tlKreof, bcaomes vestad in a pu~on otMr 1h~n th~ M..^RTOAGOR. tFw.
MORTGAGEE, in a,aesson and sssijp~s, m~y, wifFaut rar~ce to the MORTGAOR, desl wi~h such suocessw w suocessw i~+ interat wirh nfennce ro thb
mo.+yap~ and tl+e deW hereby secwed in the same nwrrcr as with Mwt9~gor withovt in any way vitistinp w dbcMr~inp tlw Mort~spots' Itabiliry iwrr
under w upon the deb~"Aneby seared. No ssle of the ~vem~ses he~cbY mort9agad and oo forbnarsnoe on the put of tF» MORTGAGEE or its waYSfon
or suiy~a and no eatension of rhe time fw the paymem of the dcbt he.eby secured yiven by the MORTGAGEE or its waesson or assipns, +MII op~wb
to releast, disd+a~e, nwdiy ciiarge a affect the wig~nal lisb+lity of the NYORTGAGOR herein, either in wlw~b or in part.
10. It b spec~fically agreed that time is oi the essenc`e of this contract and th~t no waiver of ~e?y obli9ation hsreunder or of th~ obl{pation
wred hereby shall at any tine thereafter be held to be a waiver of the terms hereof or of the itntrument tecwed herby. -
11. In add~n«+ ro rhe forego:ng rtw~thtY p~ymcnts of princ psl and interest required by the promisswy note secured her~by. mortyagor aownant~
and agrees to .~aY to moctgagee wi~h each mw~thly paYment ~n add~rion~{ wm esr~ma~ed by mortyape~ to b~ ~qwl a 1/12 of the annwl cost of th~ fdbw-
inq:
A-All ~eal p~operty taxes levied or assesud aga~nst the above descri5ed resl estate.
B--Premiums a+ fire and windstorm irwaanct as herein requ'ued w be arricd a+ the im~ovemenes sitwte ai the ~bo~re described premnes.
G-Premiiwns on wch mort9age 9uuanry insswanoe as ~nortgagee slisll from t~me w time deem fit b tarry on tht lo~n ~aourcd hereby. •
ARortgsgee shall from time to time not~iy mortgagor i~ vinit~ng o# the ~mo~nt due and psyable here~x~der and sutfi wm shall M~sraipon be due and
payabk oo the due date of the ne:t monthlY payment and each successive month thereaher wrstil mortpsgee shall notify matysgor of ~ chanps in wch
amount. Such sums shall be applied by mortga9ee towud the payment of real property taxes, inurranca pran:ums, and mort9apt pus?sn1Y inwwnte
f premit~p. <
IN WITNfSS ~IVHEREOF. the said MORTGAGOR h~s hereunto set his hand and sesl the day and ye~r first aforas+id.
Seakd u~d del' in 1F~e presenca o~ . W• ~
~ ~
- ~ .
STATE OF F10RIDA ' ~ ~ seal ~
courm oF St. Lucie ~ gs ~SteeB oP Friendship Mias-
ast ~onary Baptiat ~ 6hurch
g~{~ ~~y e e us _ A ~nd
Richardaon and l~ilton Owens, as stees oY Friendsh~ g~ i~, o b.
fhe ~ndnriau.b aesc?axa in .~a wFa .x.cut~d tM f«egoirg a~su,~m..r. .~a .a~rw~?kdp.a bef«. m. thn thw sxea?+~a th. aam. f« fn. pu.poses
tFKrein sxpres~ed. ~1wd~fh~wi~'
rIMC d'Th!'ffld •
e~nMese~r'L~ ~ns ~~~1r~ ~uffhf~n'1~r"f~' Ip~.~e~eNledye~~v ~nd'betve~ n~ fA~1'ihe ~~elCOn~ l~Id'1nltton~ant'fetMr wrt! ~ORAF
ra.tyr+~d.,riM~or~awy.w.~.~~owMraiaA+~p~d~ewww tea~i-w-fiww~hers~ii~e~d. I'Ch A. D. 19~
~NITNE55 my hsnd ~nd official ssal this-T. ~ d'Y of
~ . . ' No~sry Public in and fo? th~ State of Horid~ ~t l~rp~ -
~.~w~ MY Commiuion ~apirw .
Rehtrn Toe ~~~`i ~i . ~~f'~i•~ ' . ~x,~. ~ 0~ ~Olldi ~ ~
F~ra F.aKS~ sa~?~ a toan ~s.oc~r~«~ 4, (~io~ Expies Sept- 23. 1969 t
FILED IAi~"'REE~0ROB0 ~ v'~
j^- ~ M.w~„ ~•a c...+y ss
STZ Ll~C~'E'OUN~IW. FL./1. - ~ ~ • r- G ~ ; ~ ~
RECORD VERIFIED : ~ : r~
. .l~~~ = = o ~ ' c~ ~ f ~v _ IN ~A~ME11f
O?~•
~ t 20 pV g•" u. Q: i`L~ ~UtON GtJN.id~C' IMTAN<ASt.! ~ 1M1.
~~p ' w~1M1iT ?O CMAMER ~07Z~. ~cis v?
6 1'Yil\ ~~r~ `7 ~ ~E . ~[~q1~t ~+Orft
7~. ~ ~ _ . ~ pQRRAS, Cle~tc
' _
C~~~ . • ~ ~ CI,) ~ TiS M. JMAES
. G r~ ~OITRAS - ~ ~y ?o~
CLERK ClRCUtT COURT - ~~3~p
~D i'~E ~ y ~rr ct~t
1 . ' _ . . . ~ f ~
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